Salisbury Cathedral School Limited
(A company limited by guarantee)
ANNUAL REPORT AND FINANCEAL STATEMENTS
for the year-ended 31 Aiigust 2021
Company number.. 04461932
ChaTlty number.. 01093554

Salisbury Cathedral School Limited (A cornpany limited by guarantee)
CONTENTS
Page
Statutory inforniation
Repon of the Governors
2- 10
Report of the Auditors
Statcment of Financial Activities
14
Ba]an¢e Sheet
Statement of Cash Flows
16
Notes to the Financial Staiements
17-30

Salisbury Cathedral School Limited (A company limited by guarantee)
STATUTORY tNFORMATION
for the year-ended 31 August 2021
MEMBEK
The CaihedTal Church of the Blessed Virgin Mary of Salisbury
GOVERNORS
Mr5 J Monro-Higg5'_ Chair oJ'Gnv¥i'nois
Mrs E C Cairncr05s- RLsigned112 February 2n21
Mr M C Cooke'_ c.hair
Mr A Bowman- Resigned 10 Oclober 2n21
Mrs C M Cooper
Mrs S Erven
Dr J Fleieher
Ms S Luinl¢y
Mr T M Olliff-Lee'
Mr J Sloan
Miss L K Wallace
The Revd Canon E Probert- Resigvttd nl NovLmbgr 202n
The Revd Canon A Machatn
Appoinled 17 Seplgmber 2Q20
Mrs A O Cowley- Appointed26 June 2n21
Member of the Finance & General Purposes Committee
Designated Safeguarding Governor
DIRECTORS
All Governors a￿ recorded at Companies House as Dire¢tors,
SEYIOR LEADERSHIP TEAM
Htad Master
Dcputy Head Master
Head of Pre-Prep
Designated Safeguarding Lead
IT Strategy Lead
Finance Manager
Mr Clive Marriott
Mr Nick Hawker
MTS Linda Cunningham-Browi
Mr Oli Elford
MT Duncan Hodson
Mr Edward Fenn
ADDRESS & REGISTERED OFFICE
I, The CID5C
Salisbury
Willshire
SPI 2EQ
www.salisbu
cathedralschool.com
ADVISERS
BANKERS
Lloyds TSB Bank plc
38 Blue Boar Row
Salisbury
SPI IDA
SOLICITORS
Parker Bullen 45
Castle Street
Salisbury
SPI 3SS
AUDITORS
RSM UK Audit LLP
Highfield Court
Tollgate
Hatnpshire
S053 3TY
Company nuTnber.' 04461932
Charity number.. 01093554

Salisbury Cathedral School Limited (A company limited by guarantee)
GOVERNORS, REPORT
for the year-ended 31 August 2021
The Governors present their annual report together with the audited accounis for ihe year-ended 31 August 2021.
REFERENCE AND ADMINISTtL4TIVE INFORMATION
Salisbury Cathedral School (SCSI is a ¢omp8ny litnited by guaTant¢e. incorporated on 14 June 2002. whose sole
metnber is the Cathedral Church of the Blessed Virgin Mary of SAlisbury la ￿rpOratiOn which acts through the
body known as Chapierl. The company is also a TegisteTed ¢haTIty.
STRucfuRE, GOVERNANCE AND MANAGEMENT
Governing Body
Under the terms of the Articles of Asso¢iation, the Direciors are referred to as Governors of whoTn there shall not
be less than eight and not more ihan fourteen, plus ihe Chairman.
Recruitment. induttion and training of Governors
The Cathedral Church of the Blessed Virgin Mary of Salisbury has the poweT to appoint and rctnove Governors
who are appointed for five year terms. Both ihe Governing Body and the Cathedral Chapter give careful
Consideration io new Governor appoinltnents to enSUTe any skills shortage5 are filled. New Governors are inducted
into Ih¢ workings of the school, including policy and procedure5 at induction meetings with thc Hcad and Clerk.
Governors are encouraged to attend appropriate exlernal iraining serninars and conferences.
Orgathi$ation
The Governor5 are legally responsible for the overall management of the school and meet at least three Iitne5 a
year. The work of implementing mosi of Iheir policies is carried out by the metnbeTS of the Finance and General
Purposes Commiiiee IF&GP) who typically meet two weeks before tach rneeting of the full Governing body.
The day lo day running of the school is delegated to the Head Master, supported by his senioT leadership team.
Risk MAnAgernent
The Governors examin¢ ihe major risks thai the school faces each financial year. The Charity has developed
systems io rnonitor at)d control these risks and to miiigate any impa¢1 they may have on the school's future.
Key Management Personnel
Kcy Mana8einenl Personnel comprises of the Senior Leadership Team. The pay for Key Managetnent Personnel
is based on SCS Pay Scales and is agreed by Governors.
Volunteers
The school benefits greatly from having volunieers. These include work experience students. parents, communiry
mernbers and Governors.
OBJEcfs, AIMS, OBJEcfivES AND ACTIVITIES
Charitable Objeets
The objects of the Charily are to promote and provide for the advancemeni of edu¢aiion and ihe advancement of
religion in accordance with ihe practices of the Church of England for the benefil of ihe public. For the furtherance
of these objects, the Charity has various perinan¢nt endowmcnls and un-endowed trust fuiids held for special
purposes in coniiectioii witli the developinent of the school's faciliiies and for s¢holarsliTPS, bur5aTie5, prizes and
other choral and educational putposes.
The Charity PUTsues Èts objects by running an IAPS accredited Preparatory School. with a Pre-Preparaioiy
depaftment located in the Cathedral Close.
Company number.. 04461932
Charity nuffiber.. 01093554

Salisbury Cathedral School Limited (A company limited by guarantee)
GOVERNORS, REPORT (coniintsLd)
for the year-ended 31 August 2021
Aims & Obj¢ctives
The aiins of the school are:
10 mainiain and build upon the fraditions of5piritual enrichmcnt, musical excellence and academic
achievement which have developed owcr its 900-year history.,
to PTovide a rounded and fulfilling education through which a love of learning is instilled within an
environtnent which proiMot¢5 a Strong Christian ethos including respect for the indivtdual.,
to have high academic expeciaiions and wid¢-ranging opportunities in tnusic. sport, art and dTatna
eneouraging pupils to develop skills and talents which will equip thtrn for life.
In order that pupils le2vc Salisbury Cathedral School having achieved an ¢x¢ell¢nt a¢ademi¢ grounding and
confidence in their abilities and having benefited frorn the valucs, cultures and disciplines of the School.
In setting objectives and in planning the aciivities of the school, Govemors have given careful consideration to the
Charity Coinmis510ll'S gtneTal guidance on public benefit and in particular to the Supplementary public benefIt
guidance on advancing education and on fee charging.
REVIEW OF ACTIVITIES & ACHIEVEMETriTS
The rnost noticeable indicator of tlie school's success is a healiliy pupil role and a full boarding hollse, ai a lime when other
similar prep schools are suffering in the curreni economic climate. Mainiaining and itnproving pupil numbers is one of the
s¢hool's key objectives.
Pupil Numbers
The number of pupils al the end of the school year was 206 {2020.. 211 l including 27 boarders 12020.. 301, with casual
boardiiig also reinaining popular". 15 pupils12020.. 231. Sotnc of the year was Spent in lockdown, due to th¢ Coronaviru5
pandetnic, which meant that th¢ boarding house wa5 either cornpletely closed. or at other times only open for full and
weekly boarders. Casual boarding was managed carefully during the summer term 2021, to limit the risk of infection.
However, boarding numbers were very healthy during this time, with the boarding house being full on most ni8his. The
pupil roll reinained encouragin8, and the number of enquiries is on the increase: in particular in our Nursery and Pre-prep
because of the continued success of the extremely popular and over-subscribed Toddler Groups. At ihe end of the academic
year and partly ii) response to ilie school's online. remote l¢arning provision during both lockdowns, there weTe 40 new
pupils scheduled io start in ihe autumn ierm 2021.
Teaehing and Learning
The scliool educalts and p￿Pare5 children to meet the standard5 required io enter the next school most Sulted lo their needs.
All pupils ai the sthool gained entry 10 their ftrsi-¢hoi¢t school at 13+ and a good nutnber of pupils secured pla¢¢s at loc21
grainmar schoo15 at I l + and one at 13+ Many children leaving the school were awarded Scholarships to their next school
across a range of disciplines.
The Head Master, tkputy Head and Head of Pre.Prep appraise all academic staff annually. The fo¢us ofthese appraisals
15 linked io the scliool's sirale8ic plan and departmeiital developmeni plans. Tlie Head Masier appraises non-teaching staff.
The recently devised creative curriculum was rtsllcd out throughout the school from th¢ Pre-Prep and into lower Key Stage
2. The EYFS set aside 501ne of the yearto plan for the new statutory curriculum, Thhich it will be delivering frorn Septernber
2021. A continued increased focus on outdaor learning in EYFS and KS I was received well by pupils and their parents.
The refreshed. more practical, thematic. 'topic-bhsed' approach in lower KS2 (Years 3 & 41 has rneanl that Staff are more
engaged with a wider variety of leaching and learning sirategie5. The continued shift away from the Common Entrance
ICE) assessment ftatnework al KS3 (Years 7 & 8) was further emphasised by senior schools using their own frarnework5
alongside increased use of Ihc ISEB pre-lests at I l+ and 12+ Within the school, a new system olas5essment was rolled
out in the fouttddlion subjects Isiarting with humanities) for YEar 7 pupi15. Thi5 involved a range of assessment techniques
to ascertain a broad representation of a pupil's progre55 and attainment.
This broadeT fratnework of a5se5Stn¢nt acknowledges th¢ variety of learning styles amongst the pupil body. In June 2021
all Year 8 pupils Sat the CE exatninations in th¢ core subjects (English. maihs and science) at]d most other subjects wert
45S¢55¢d inttrnally. This decision 15 in line with the requiretnenls of Inany of the destination senior schools within the
School's frame, aiid is now commoii amongst many otlier prep schools.
Company number.. 04461932
Charity number.. 01093554

Salisbury Cathedral School Limited (A company limited by guarantee)
GOVERNORS, REPORT (conlinued)
for the year-ended 31 August 2021
The governor led Education Committee continues io meet regularly io ensure ihai the School is delivtring the best
education to its pupils in line with ihe School Sirategy. The Corntnittce Started a programTne of inviting dcpartmental heads
to provide feedback and set out aspiraiions for departmenial strategy and dev¢loptn¢nl.
National COVID-19 restrictions curtailed the usual varied ¢xtTa-¢urriculaT prograTnTn¢ both in terin5 of the nuillber ofclubs
offered and opportunities for external visiis such as theatre and rnuseuTll Visits along with opportunities to explore the local
environment. Greaier use of the outdoor learnin8 environment on51te helped to seamlessly join up learning within the
curriculutn and beyond.
Mu5LC
After the lockdown in Trinity Term, it was wonderful to be back in school in September 2020. The year started with the
shocking news of the sudden death of Rich Perry Ith¢ School'5 percu5STOlI t¢ach¢rl just before tli¢ start of term, which
really shook everyone to ihe COTe. He was an illSPiTational teacher and a truly lovely human being, who was totally
Cotntnitted to the children he taught. We have a beautiful bench in his memory, jvsi outside Queensgaie Couage.
Susie Lainb, Director of Music would ordinarily have speni h21f 2 day a week working in a seri¢5 Of Imaintained PTltnary
5choo15. as part of our partnei'5hip project 'Voices Inspire, This was iiiipossible diiL' lo Covid regulations, although several
schools enjoyed using soine of our recorded hymns and songs in their cominunities. Ive coiildn't invite parenis into
informal concerts. or even differenr bubbles io watch other bubbles. In order to gei some ensembles playing, u'e arranged
our ensembles within bubbles whi¢h was ¢hallengiDg as it meani we had children playing iogether because of thcir age
rather tliaii their standard. The usual scliool choi￿ couldn'l iakt place duc 10 Staggered start5 and ends of days, 50 there
wa5 More Singing than 15 usual in our class lessons. Dave C.hapinan was appointed as the new percussion teacher la very
hard post to fill) which he took on with great sensitivity and compassion.
Year 8 potential music scholars were given performance opportunities, they took it in turns io play ai their bubble assembly
in the BSR. An absolute highlight ivas when 4 of ihe Year 8 Chorisiers were chosen 10 sing at Stonehenge in the big BBC
Children in Need song, which went oui on National Television. The footage of thetn singing right in the rniddle of tlie
stones 15 amatirtgy and the experi¢Dc¢ of working with a film ¢r¢w at 5unri5¢ on Salisbury Plain so exciting. Definitely
worth the very early and cold get up.
Music exams resumed, including a large ABRSM entry which yielded 8 pa55es, 12 rnerit5 and an impressive 18 distinctions.
The Carol Service becatne a virtual service, with each year group or class recording a song in the BSR. The Pre-Prep also
made virtual Nativities. li feli surreal noi to be able to offer these landmark performan¢es as live offerings. It Wag therefore
a real delight that every cla55 Ill the Prep Scliool was able to sing carols infoi'inally in the cathedral near the end of lerin,
and for the first time all term, parents were able to hear live singing.
The Lent tertn saw a return to lockdown and remote learning. Live Inusic lessons were a great success, and the classe5
made reinoie recordings io a high standard. Lols of the children cotttribuled lo a song for Valentine's day, '[ see the light"
Our Year 8 scholars did brilliantly, managing to win a g(H)d number of awards including 2 specialist awards io Wells
c.athedral School and music 5cholarship5 to Sherborne. Lancing and Embley among other awards. All of these WeT¢
prepared for and taken remotely. Perhaps Ilie biggest musical achievement of the year was the remote recordingof Purcell's
Rondeau. W¢ had 10 I submissions for this, from pupils, pa￿ nis, oiher faimily Ineinbers and statT. It is cun-enily f¢atur¢d
on th¢ BBC 10 piece5 website on thi5 link.. hit 5.'Ilwww.bbc.co.uklteachlten-
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It was great to be back at school for a couple of weeks in the Lent terrn, when the Year 8 girls were filtned b)uncing
netballs in time to Tchaikovsky's N'ut¢racker suiie.
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The Trinity term saw a return to bubble ensemble5, and we were able to add in a couple more groups during enrichment
time, to give the children a chance to plk)y some Ja2z. We were rek)Ily hoping for a big outdoors end of year Picnic In the
Park, but sadly the COVID ￿$tricTIonS were not lifted in time for this to go ahead. Insiead, ea¢h bubble had its own sports
day which started with the Corresponding bubble ensembles playing or singing 10 the paTenis. li feli like a massive
achievement to actually host Sotne live perfoTman¢es. and li was brilliant for the children to finally receive some
acknowledgement and applause for their efforts over the year.
Company number.. 044619J2
Charity nutnber.. 01093554

Salisbury Cathedral School Limited (A company limited by guarantee)
GOVERNORS, REPORT (c'onlinucd)
for Ilic year-ended 31 August 2021
We said goodbye to Fiona Murphy. cello teacher, who is moving to Malia. Jane Parsons has been appointed a5 her
replacernenl, and Ben de Souza has been appoinied as our fiTSI ever Accordion Teachcr. Both start in Septernber 2021. As
tver, the team of VMTS have been the baLkbone of Ihe musical life olthe sLhool, tt]aintaining enthusiasm and inspiring
our pupils even in ihe irickiest of times.
DrAm#, D¢bite #nd Pmblie Speaking
Al Salisbury Cathedral School. we strongly believe that opportunitit5 for involvemeni in drama must be exciting and
inclusive. A51 year groups are ordinatily itlvolved drama of Some sort during the course of each week, usually ￿ part of
their English Ic550ns. Thi5 year, none of the usual productions look place with an audience present. The Year 7 and 8
production was filmed and therefore, all the pupils, hard work did not go to waste, and tlie other production5 for the younger
years were put on hold.
Children are encouraged to hone their public 5peakin8 and debating ski115 and ivhilst we were unable to h05t our Usual
competition5. Instead the pupils were invited to contribute io an online version insiead, which was very well received by
Spoi't Physical Education
Swrt and Physical Education aT¢ an integral part of school life at Salisbury Cathedral School. contributin8 to a well-
rounded experience for pupils and playing an especially important role thi5 year in ensuring their physical and mental well-
being as we adapt to remote and blended learning.
Our primary aiins for the pupils are..
To teach an understanding of the effects, benefits and irnportance of regular physical exercise on the body and
tnind with the ultimate aim that li becomes a lifelong habii
To deliver outsianding sporting opportunities for all, for progress and participation, within a happy and nurturing
pastoral environment
To foster the core values panicularly relevani to spon, those of ieamwork, resilience, self-dis¢ipline. leadership
and creativity
Provision in ihe a
VID-conditi
The requiremen¢ to move to reJnote learRing rneant that the curriculum wa5 adapted to meet this need through online
teaching and 5UPPOrt via the Google Cl<issroom. The online syllabus prioriiised the menial and physical wellbeing of pupils
through inceniives to remain a¢tive and ways to ¢onne¢t with the school communit>.. This was done through a cornbiniltion
of whole school challenges and age-spe¢if2t tasks that included skill work. research and fitness. Tht provision of live,
practical PE and Garnes lessons for those on site- largely ¢rickeL athletics, general ball skills and SAQ, rdn alongside both
recorded and live lessons for those working from home.
In a 'noriiial- year, games and PE programmes are well balan¢ed, varied and challenging and illclude a range of team and
individual sports as well as a Functional Movement PTo¥rainrne, introduced last >'¢ar. Ordinarily. the tnajority of pupils in
years 3 10 8 are given the opportunitj, io represeni the school in weekly matches (the minimum is three times a term) and
care is taken to arrange competiiton, wherever possible, Ihai is well-matched. Pupils who show excepiional promise gain
opportunities to compete regionally and, on occasion, naiionallfv and SCS enteis many independent school tournaments
(for example, T APS, Bryanston netball, NIYaTminsieT Hocktyl. Pupils are supported in their county 5POrt aspiration5 and
suitable Candidate5 are encouraged to pursue 5POrt scholarships at secondary schools.
A planned hockey and rugby SPOTts tour abroad to Holland had to be cancelled due to COVID regtriclions.
Plans 10 exiend our partnership work witli local piitnary 9¢hoo15. to h05t a cros5-country event, and a cricket workshop and
swiin gala for other prep schools, were all put on hold, bui il is hoped Ihal these will be resurre¢ted In the year lo com¢.
Company number.. 04461932
Charity number.. 01093554

Salisbury Cathedral School Limited (A company limited by guarantee)
GOVERNORS, REPORT (continued)
for the year-ended 31 August 2021
Publit Ben¢fii Ind Community Link$
ChorAI Scholarshlp$
The School is part of tlie Cathedral'5 fouiidalion and is intrinsically linked to the life of the Catliedral. The Cathedral and
a550cialed endowments fund clioral Scholarships for up to 40 boy and girl chorisler and probationer ¢hoiister5. In the case
of financial need, the school works very closely wiih parents to identit). and source additional Ine&n5 te5t¢d funding. During
the year, 28 of the 40 ch0ri5ter5 were in receipt of such additional fiinding. The level of support varied according to need
up to IOOQ/D. The aspiration, in partnership with the Cathedral, is that all poieniial choristers who are successful ai voice
trials ought to be able to lake up a place in the choir irrespeciive of parenthl means. In OTder to faciliiaie this, Ihe school
employs the services oran external provider to ensure tliat eacli fatnilj's ctrcumslances are scrutinised in detL?il and more
objectively.
Ch0ri5ter activitie5
Michaelrnas term
Th¢ Choristcrs returncd to 5cliool having not sung logeth¢r since early March. They were able io sing a reduced number
of servic¢s ¢a¢h week and at the iveckend. Early rnorning rehearsals in the week were moved to lunchtimes, giving
choristeTS the chance to join other pupils in academic catch up classes. Saturday morning rehearsals were slopped in an
atternpt to itnprove general wellbeing. Sunday morning maitins was suspended, enabling ) slighily later siart io ihe day.
Live streaming of services was introduced Iwiih appropriate safeguarding proiocolg) so that familie5 frorn far away could
rllne in on a regular basis to wat¢h and listen.
September also saw the adinission of new Choristers. For Ihe first time, all Year 8 Chorisiers were protnoted to Senior
Chtsri5t¢rs.
Church of England regulaiions in the O¢iob¢r l November lockdown allowed the Choristers to lake part in service5, albeit
with no congregation preseni and live sireamed.
The famous Advent carol services were unable lo take place, but the lockdown ended in lime for the Chorisier Btshop
service. This is an ancient ceremony thai takes place each year, Ivhere a Chorister Is promoted to a Bishop for the duration
of the service. This year saw a bo), ¢horis¢er re¢eivTng this honour. He delTver¢d a fantastic sermon About how we should
all be a liiile bil more like Paddington Bear, and show greaier humility and iniegrily.
The Chorisiers sang the Christmas services, ex¢ept Evensong on Chrisimas Day and ihen weni home for lunch.
Lent term
The Lent term saw another lull lockdown. The Ch0ri5ter5 reverted to online rehear5a15. They were Submitted videos of
hymn singing, which were pui together to use in weekly assemblies.
By Eagter for the first titn¢ sn two year5 the Choristers were able to sing the Holy Week and Easter service5.
Trini
In the Trinity term, services resumed and the Choristers enjoyed being back in the Cathedral taking part in worship once
again.
At the end of term, they visited Winchester for an exciting SCF project, Ivhich saw some recordings take place for a concert
involving Chichester, Salisbury and Win¢h¢st¢r. A filin was rnade by the BBC io docutnent the history of the f¢5tival.
The Year 7 and 8 Choristers were able to sing in a service at Winchester, with both Chichester and Winchester Year 7 and
8 Choristers.
Thankfully, all our leaving Year 8 Choristers have been invited back to sing al Messiah in December this year. We are
thoroughly looking forward to seeing thein again.
Use of Faeilities
Two local adult choirs use the school's facilities for rehearsals in the evenings. The Cathedral's junior Choir and Youth
Choir a150 regularly rehearse in the school. In addition. the C0￿munitY use our PTemises for various evenls throughout the
year.
Company number.. 04461932
Chariiy number: 01093554

Salisbury Cathedral School Limited (A company limited by guarantee)
GOVERNORS, REPORT (conlinued)
for the year-ended 31 August 2021
Policv Re￿IeW
Governors keep llnder review the school's Fee Remi55ion policy to inform developtt]ent of policy and help ensure the
objeciive of wider access is achteved Our current Fce Retnission policy is 8Q/o of Gross Fee Income, 10 enable more pupils
to benefit from tneans tested support.
A5SlStRnte for stfiff
As part of our emphasis on attracting and reiaining high Calibre siaff we ¢urrently offer a discount schcme where staff
mernbei's choose to educate their children at our school if they meet the ciiieria in our Fee Remi55ion policy.
Bursarie5
This year ihe value of means iested bursaries totalled over £316,29512020.. £253,642) and represented l O°h of our gross
Ites12020.. 8.7¢/ol. Bursaries provide assistance to 3712020.. 481 of our non-¢horister pupil5.
Community Involvement
Links with Bishop Woi-dsworih's scliool have coiitinlied ￿1th the joint use of various sport and music facilities. During
school holiday periods. the School's facilitie5 are made available lo visitingchoirs singiiig the daily services in the cathedral
and, durinx both term and holiday periods, to various local sports clubs, ¢hoirs and oiher Community groups.
Charity 5LEPPOrt
The School support5 variou5 charity endeavours throughout the acadeinic year, although some of the opportuni¢i¢s to do
this hai'e been limited due to the pandemic. Each year the school chooses a chosen ¢harity for the year. in the acaderni
year 2019-2020, this was the Stars Appeal. The chosen charity 15 SUPPOrted by cake Sales. non-uniform das'5, collections
from caihedral assemblies and other even15. Additionally. the school supports Children in Need and Comic Relief.
FuThd RAising
No new appeals have been rnade this year but the school has benefited from the valuable 5UPPOrt of the Friends. The
Friends of Salisbury Cathedral School provide social and fundraising activities and he￿p build a strong comrnunity. This
ycar the Friends have continued to help fund ouidoor learning equipment for Pre-Prep, Sports & Play Equipment. Th¢
Govemors. Development Committee coi)tinu¢5 10 5iipport ihe SLT iii coiisidcriiig options for improving the school's
facilities Ihrough 'Friend raising, and fvi)d raising. Tlie Committee lia5 actively 50ught out expert15e from amongsi the
partiiial body to help guide and advise on prospective projects. The school has moved forward it5 plan5 to appoint a
Development Officer and it is aniicipaled that this role will be filled ai ihe start of the new acadeR]ic yeaT in Septttnber
2020.
FINANCIAL REVIEW AND RESULTS FOR THE YEAR
The results for the year are set oui on page I l of the financial statement5.
The 9¢1i001's total income for the period I September 2020 to 31 Augus12021 after adjusting for school bursaries and other
remissions was £2,986,40012020.. £2,785,791 l. S¢hool expenditure was £3,063.73312020.. £2,629.1761. This r¢5ulied in
a deficit before gains on investments of £77,33312020.. £156,615}.
At the end of the year, the net assets of the school ￿er¢ £741,60112020.. £779.2231 out of which £412,782 {2020.. £472.005)
were represented by unrestricied reserves. Restricied funds amounted to £62,742 (2020.. £81.6021 and the endowtnent
funds amounted to £266,07712020". £225.6161. Reslricled and endowed fijnds are not availabl¢ for the general purpose of
the charity bul ITIUSI instead be used for iheir intended pllrpose.
A5 a Charity the parents of our pupils have the assurance ihat all the income of the srhool must be applied for educational
puryose5 As an educational Charity wt enjoy tax exetnption on our educational activities and on our investment income
and gains PTovided Ihe5e are applied for our charitable aiins. As & Charity we are also eniitled to an 80D/o reduction on our
busilless rates on the property we occupy for our charitable purposes. The financial benefit5 we receive from these tax
exemptions are all applied for edu¢aiional purposes and indirectly he￿P u5 to maintain our bursary policies. However. as
an edu¢ational charity, we are unable to reclaitn V AT input lax on our costs as we are an exempi supplier for V AT purposes.
Wt also pay tax as an employer ihrough the national insurance contributions we tnake.
In addition to Iht very 5ub5tantial benefits our School brings to our pupils. the local Communiiy and society through the
education we offer. the coniribution of our choirs, our musical and sports outrtach and bursary PTograrnrne crcate a social
asset wiihoui cost to ihe Ex¢hequer.
Company number.. 04461932
ChaTlty number-. 01093554

Salisbury Cathedral School Limited (A cornpany limited by guarantee)
GOVERNORS, REPORT (cnpztinued)
for the year-ended 31 August 2021
Developments gnd Mainten8nee
The school continues to invest in the maintenance of its fabric and resources. with thEs yearfs focus being on generdl
Diaiiiteiiaiir¢ aTovnd th¢ School and on irnprovcinent5 to general l¢acliiiig room5 in thc Bisliop's Palace aiJd tli¢ other
buildings on the kitchen garden site. This has in¢luded replacing interactive whiteboard technology and data projectors.
with large touchscreen tel¢vi510ll5. Enhanced lighting ha5 itnproved the general appearance of Tnany cla55rootns. and a
comprehcnsive review of classroom fijrniture has helpcd to create a more modern and purposeful feel. Recent investtllent
in the IT infrasirucrure and hardware Imosi notably Chromebooks foi pupil usel helpfully coincided wilh ihe demands
of retnote learning during the period5 of lockdowrt.
Reserves and Financial Health
The Governor5 regularly review the finance5. budget5 and spend against budget a5 part of the effective stewardship of the
s¢h(x)l.
The defscit foi. the year has decreased the school's unrestricted fiinds at the year-end to £412.78212020.. £472,005).
The school holds reserves for a number of purposes, including funding ¢urr¢nt and future spending on fixed assets.
rinancirtg the school's working capital and providing a conringency againsr the risks and uncenainties inhereni in running
an iiidependent school. The Governors. policy is io hold sufticieni reserves io cover Ihree months of recurring expenditure
and lo spend any surpluse5 generated by the school on irnproving its facililieg. Three rnonih5 of expendJtUT¢ Is £765,9)3
and therefore the Govemors are taking steps to build reserves to this level including increasing the use of school facilitles
for external lettings. building pupil numbers and creating effi¢ien¢y savings where possible.
Investment policy
Salisbury Cathedral S¢hool Limited seeks to achieve steadily growing tncome and the preservation of ils capital assets in
real terms. It works Wlthin the pararnet¢TS of th¢ Church of Englaiid's ethical invesiTtLent poli¢y and has ils oivn invesimeni
policy reviewed by Governor5.
FUTURE PLANS
The Governor5 are coinmitted to improv5ng facilities and Working with the Gov¢mors' Development Comtnittee in
looking ai ways in which this can be realistically achiev¢d. The Gov¢M0￿ support the school'5 senior leaders in
Tecognising the importance of having a paid member of school siaff helping lo run the development otTice.
The agenda for future ¢apiial projects centres on
irnproving facilities for the Early Years Foundaiitsn Stage (¢lassrooms and outdoor learning areas)
building two new general purp05¢ clas5rootn5 for the Prep departrnEnt
impToving ihe front enirance lobby and visitor ivelcome facilities
providing additional lavAtories and hospitalitv space for visiiors
rationali5in¥ adtninisiFative office ac¢ommodaiion
The Governors are in consuliaiion wilh the Carhedral Chapier to further secure the long term future of the School.
RISK MANAGEMENT
The Governors have given consideration to the majorTisks to which the s¢hool is exposed. The governing body has ultimate
responsibility for managing any risk faced by the school. Detailed consideration of risk is delegT&tled 10 Ihe F&GP and fFom
there to each of the other sub-committees. The risk management process and the resulting report identifies risk5, as5esse5
their impact and likelihood and, where necessary recominends controls Io Tnitigat¢ and rnonitOT those risks thai are
identified a5 high.
Cornpany numbei.. 044619i2
Charity number.. 01093554

Salisbury Cathedral School Limited (A company limited by guarantee)
GOVERNORS, REPORT (cnntinued)
for the year-ended 31 August 2021
Prirtcipal i'isk5 and uncertainties
The board continues to identify and review Ihe majoT risks to whTch Iht school is exposed. In particular, and in common
with all independent schools. the school faces potential financial risks caused by external forces, including the possibility
of V A T being levied on school fees and the p055ible removal of Business Rates Relief. Thesr could becorne significant if
pupil nuinbers diminish to any significant extent. We mitigate this through the provision of a d¢sirAble education and the
marketing of this provi5jOll.
The School a150 face5 a growing number of ¢ompli2nee and legislative r¢quireinen15 which the school's management need
to be aware of and adhere to. In the opinion of the Board, the school ha5 e5tabli5htd resource5 and review systems which.
under nonnal condition5. should allow these risks to be managed to an acceptable level in its day-io-day operations.
Company nurnber.. 04461932
Charily numbei.. 01093554

Salisbury Cathedral School Limited (A company limited by guarantee)
GOVERNORS, REPORT (conlinued)
for the year-ended 31 August 2021
STATEMENT OF GOVERNORS. RESPONSIBILITIES
The Governors (who are also directors of Salisbury Caih¢dral School Limited for the purposes of company lawl are
responsible for preparing the Governors, Annual Report and the financial staternents in accordance with applicable law
and United KingdoTn Accounting Standard5 (United Kingdom Generally Accepted Accounting Prdcttce).
Company law requires the Governors to prepare firtantial statements for each financial year. Under cotnpany law the
GoveTnor5 rnU5t not approve the financial statements unless they are satisfied thal they give a true and fatr view of the slate
of affairs of the charitable company and of the incoming resources and appli¢aiion of reSoU￿t$, including the income and
expenditure, of the charitable cornpany for that period. In preparing these financial statements, the Governors are required
to..
select suitable accounting policies and Ihen apply them consistently:
observe the methods and prin¢iple5 in the Cliarilies SORP;
make judgments and estimates that are reasonable and prudertl;
state whether applicable UK A¢counting Standards have been followed, subject to any material d¢partUTes
dtsclosed and explained in ihe financial statemenis,. and
prepare the financial staiements on the going conceTn basis unless it is inappropriate to presuTne that th¢ charitable
cotnpany will continue in busine55.
The Govemors are responsible for keeplng proper accounting record5 which disc105e with reasonable accuracy al any time
the financial p051tion of the charitable COTnpany and to enable them to ensure the financial statements comply with the
Compani¢s Act 2006. The Govemors are also responsible for safeguarding the asseis of the chariiable company and hence
for taking reasonable steps for ihe preveniion and detection of fraud and other irregularities.
The Governors confirrn that they have complied with ihe duty in section 4 of the Charilj¢5 Act 2006 to have due regard io
the Charity ComiMission'5 gen¢Tal guidanG¢ on public benefit.
The Governor5 have referred to tlie guidat]c¢ in the Charity CoTllillis5ion'5 geiieral guidance on Public Benefit when
reviewing the School's aitns and objectlV¢s and in plaiining Ilie School's future acliviries. Iii particular, the inenibers of tlie
Governing body have considered how planned aciivities will contribute to ihe aims and obje¢tives they have ser.
STATEMENT ASTO DISCLOSURE OF INFORMATION TO THE AUDITOR
In accordance with compaiiy laiv, as the company's Govemors, we certify that..
So far as we are aware. there is no relevani audit information of which the school's Audiior is unaware:
As the directors of the company we have taken all the sieps tha¢ we ought io have taken in order 10 Fnake ourselves
aware of any relevant audjt information and to establish ihai the school's Aiiditor Is aware of that Jrtfortnatiun.
AUDITOR
RSM UK Audit LLP has indicated its willingne5S to continue in office. alld will be proposed for reappointtnent at the
annual general Ineeting.
This report has been prepared in a¢¢ordance wilh the provisions applicable to companies entitled to the small companies
exemption.
APPROVAL
The report of the GoverrtOTS was approved and signed on its behalf by..
Date '.
Dr James Fl¢t¢her, Member of Finance and General Purposes Committee
2 20
Company number.. 04461932
Charity number.. 01093554

INDEPENDENT AUDITOR'S IiEPORT TO THE MEMBERS OF SALISBURY
CATHEDRAL SCHOOL LIMITED {A COMPANY LIMITED BY GUARANTEE)
Opinion
We have audited tli¢ financial $141emen15 of Salisbury Cathedial School (the 'charilable company,) lor the year-ended 31
August 2021 which comprise the Statement of Financial Activities, the Balance Sheet, Ihe Cash Flow Siaiement and notes
lo ihe financial statements. including significant accouniing policies. The financial reporting framework that has been
applied In their preparation Is applicable law and Unitcd Kingdoin Accounting Standards. including FRS 102 'Tlie
Fiiiancial Reporting Standard applicable in the UK aiid Republic of Ireland" (United Kingdom Generally Accepted
Accoullling Praciicel.
In our opinion the financial stat¢ments'.
give a true and fair view of tlit state of the charitable company's affairs as al 31 August 2021 and of its Incoming
resources and application of resources, inEluding it5 incorne and expenditure, for the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. and
have been prepared in accordanct wath tht requir¢rnents of the Coinpanies Act 2006.
Ba515 for opinion
We conducted OUT audit in accordance with International Standards on Auditing IUKI {T%As (UKII and applicable law.
Our responstbiliiies under those siandards are funher described in the Auditor's responsibilities for Ilie audit of the financial
siaiemenis section of our report. We are independtnt of th¢ Charitable company in accordance with the ethical rtquiretnenls
thai are relevant to our audit of lh¢ financial slalemeiils in the UK. ijicludillg Ilie FRC'S Etliical Siaiidard and ive l)ave
fulfilled our other cihical respon5ibilit1¢5 in accordance with these r¢quiremen15. We b¢lievt that th¢ audit evidence we
have obiained is Sufficient and appropriaie to provide a basis for our opinion.
Conclllsion5 relg¢ing to going contern
In audiliiig the fiiianctal 5taleiTrieiils. we ljave coiicluded that the trust¢es' use of the going eon¢em basis of accouniing iii
the pr¢paraiion of the financial statements is appropriate.
Ba5td on th¢ work we have pcrforrned, we have not identified any material uncertaintie5 relating lo events or conditions
thai, individually or collectii'ely, may cast significant doubi on the charitable company's ability 10 Continue as a going
Concern for a period of at least twelve month5 from w'hen the fEnancial stlc tements are authorised for issue.
Our respOnsib￿litieS and the responsibilities of the trustees with respect to going ¢oncern are d¢scribed in the relevani
s¢clion5 Qf thi5 report.
Other infDrmAtion
The otlier iiiformaiion coinpTl5es tlie information included in the Governors. Report other than the financial statements and
otji. audiioi s I'epoft thereon. The tlustees are responsible foi. Ihc other infortnation contained withiii the Governors, Repoil.
Our opinion on the financial staternents doe5 noi cover the oiher information and, except io the extent otherwise expliciily
stated in our repon, we do not express any form of assurance conclusion thereon.
Our responsibility is to read the other Information and, in doing so, con51d¢r whtther the otheT inforjnaiion is rnal¢rially
Incon515t¢nt witli tlie financial staternents or OUT knowledge obtained in the course of the audit or otherwise appears to be
Inaterially misstated. If H'e identify such material inconsistencies or apparent material misstatements. we are required 10
deierinine whether this gives rise io a material misstatement in the finan¢ial staternents themselves. If, based on the work
we have performed, we conclude thai ihere is a material misstatemeni of this other information, we are required io report
tha¢ fact.
We have noihing to report in this regaFd.
Opinions on other mAtters preseribed by the Compinies Aet 2006
In our opinion, based on the work undertaken in the course of the audit..
the informaiion given in the Govemors, Report, which includes the Directors, Report and the Strategic Report
prepared for the purposes of cotnpany laiv, for the financial year for which the financial statements are prepared
is consisieni with the financial statements., and
Ihe Directo￿, Report and the Sii'ategic Report included withii) tlie Governors, Report have been prepared in
accordance with applicable legal requirements.
Company nutnber.. 04461932
Charity number.. 01093554

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SALISBURY
CATHEDRAL SCHOOL LIMITED (A COMPANY LIMITED BY GUARANTEE)
Matter5 on which we Are required to repori by ¢x¢eptio
In the light of the knowledge and understanding of the charitable company and its environment obtained in the ¢OUTS¢ of
the zudii, we liave not identified fftaterial nii551at¢ments in th¢ Directors. Report or the Strdiegic Repoll included within
the GoveriioTS' Report.
We have nothing to report in respect of the following matters where the Cotnpanies Att 2006 requires us to report to you
if, in ollr opinion..
adequate accounting Tecords have not been kept, or returns adequate for our audit have not been ￿ctIVed froTn
branches not visiied by us., or
the financial statements are not in agreemeni with the accout)ting records and reiums. or
Certain dis¢losur¢s of tTUStee5' reinuneration specified by law are not Inade,. or
we have not received all the information and explanatioos we require for our audit.
Responsibilities of trustees
As explained Inore fully iii th¢ Stateineiit of Goveriiors. responsibilities sei out on page 8-9, the Governors (who are also
the dlreclors of the charitable coillpany for the purposes of coinpany lawl are responsible for Ihe preparation olthe financial
statement5 and for being satisfied that they give a true and fair view, and for such internal CDDtrol as the Irusiees deiertnine
is necessary to enable the prepar)tion of finan¢ial stsi¢menis ihai are free from material misstatement, wheth¢T due to fraud
OT eTror.
In preparing ihe financial statements, the irusiees are responsible foi. agsessing the charitable company's ability to continue
as a going concern, disclosing. ￿ applicable, Inalters related to going concern and using the 80it]g concern basis of
accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic
alternative but to do so.
Auditor'5 responsibilities for the audit ofthe financial staternents
Our objeciives are 10 obtain reasonable assurance about wheiher Ihe financial statements as a whole are fre¢ IToin Inateria
misstatement, wheiherdue to fraud orerror, and to issue an auditor's report ihal includes ouropinioii. Re2SDnable assurance
is a hi¥h level oEassurance, but Is not a guarantee tliat aD audil conducted in accordanc¢ with ISAS IUKI will always detect
material rni5Stateinent when it exists. Mis5tlc tement5 can arise from fraud or error and are considered material if,
individually or in the aggregate, they could reasonably be expe¢ied io influence ihe economi¢ decisions of users taken on
the basis of these finan¢ial siaiements.
The extent to which the audit wa$ Considered eapable of dete¢ting irregularities, ineluding fraud
Irr¢Bularities are in5taH¢¢s of Tron-cotnpliance with law5 and regulalions. The objectives of our audit are lo obtain sufficient
appropriate audit evidence regarding cornpliance with laws and regulations that have a direct effect on the determination
of rnaterial amounts and disclosures in the financial statements, io perform audit procedures to help identify instances of
non-compliance with other laws and regulations that may have a material effeci on the financial statements, and io respond
appropriately to identified OT suspected non-cotnpliance with law5 and regulalions identified during the audil.
In relation to fraud, the objectives of our audit are to identify and &8sess ihe risk of material misstatement of the financial
statetnents due to fraud, to obiain gufficient appropriaie audil evidence regarding the assessed risks of maierial
misstatement due to fraud through designing and implementing appropriate responses and to Tespond appropriately to fraud
or suspected fraud identified during ihe audit.
However, it is the primary responsibility of rna[￿gement, with the oversight of those charged with governance, to ensure
Ihai the eniily's operations are conducted in accordance wilh ihe provisions of laws and regulaiions and for Ihe prevention
and detection of fraud.
In identifying and assessing risks of material misstatement In respect of irregularities. including fraud. the audit
engagemeni team..
obtained an understanding of the nature of ihe sector, including the legal and regulatory framework that the charitable
Cotnpany opeTaies in and how (he Charitable company is complying with the legal and regulatory frame%vork.
inquired of managemeni, and rhose charged with govemance, about their own identification and &sscssment of the
risk5 of irregularities, including any known actual, suspected or alltged insiances of fTaud.
discussed matters about non-compliance with laws and regulations and how Iraud rnight occur including assessment
of how and where the financial siaiements may be suscepiible to fiaud.
Company number.. 04461932
Charity number.. 01093554

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SALISBURY
CATHEDRAL SCHOOL LIMITED (A COMPANY LIMITED BY GUARANTEE)
As a resuli of these procedures we consider the mosi significanr laws and regulations thai have a direct impa¢1 on the
financial staitrnenls ale FRS 102, Charities SORP IFRS 1021, Coinpanies Act 2006, Charities Act 2011, the governing
docuinent and tax legislation. We perfoi'ined alldit procedures io detect non-compliances which may have a rnaierial impaci
alert to nem, or unu5Ul1 I tran5action5 whicli may not be 2n accordance with the governing documents atid evaluating advice
received from external advisors.
The most significant laws and TegulatiotJs that have an indirect impact on the fjnancial statement5 are The Education
Ilndependent Scliool Standard51 Regulations 2014, Keeping Children Safe in Education under Section 175 ofthe Education
Acl 2002, and the UK Gcneral Data Protection Regulation (UK GDPRI. W'e performed audit procedures lo inquire of
tnanageinent and th05¢ chiirged with governance w'hether the charitable cotnpany is in compliance with these law5 and
re8ulalion5 and inspected corre5pondtnce with regulatory authorities.
The audii engagement team identified the risk of tnanagemtnt override of contro15 and revenue recognition for the cul off
of incoine as the areas ivhere the fiiiancial staiemenis ivere mosi suscepiible to material Inisstaiem¢nt due to fralld. Audit
procedures perfoitned included but were not liinittd to testing rnanual journal entries and other adjustrnents, tvaluatiiig7 the
bu5inEss rationale in relation 10 Significant, unusual transactions and transactions entered into outside the norinal course of
business, challenging judgments and esiimates and substantively testing the Income recorded in ihe year and around the
year-end.
A further description of our responsibiliiies for ihe audit of the financial staiemenis is located on the Financial Reporting
Couii¢il'5 w¢b511¢ at htt ..Ilwww.frc.o
.uk/auditor5re5
nsibiliiies. This description forms part of our auditor's report.
Ilse of J'eport
This repon 1% made solely io ilie ¢hariiable company's Inembers, as a body, in accordance with ChapteT 3 of Part 16 of the
c.ompanies Act 2006. Our audit work ha5 been uiidertakeii 50 tliai iwe might 51ate to the charitable compaiiy's Inembers
tliose Inatters we are required 10 stale io tliem in an auditor's report and for no other purpose. To il)e fullest extent permiued
by law, we do noi accept or ￿5￿me responsibilily to anyone other than the charitable company &nd the charitable
company's members as a body, for oui. audit worl for Iliis report, or for rhe opinions we have forined.
KERRY GALLAGHER (Senior S121urory Audirorl
For aiid oil behalf of RSM UK AUDIT LLP, Siaiutory Auditor
Chartered Accounlanls
Davidson Houst
Forbiiry Square
Reading
RGI JEU
Dale 30 November 2021
Compatjy Ruznber.. 04461932
Charity number.. 01093554

Salisbury Cathedral School Limited (A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (and statemeni of income and expenditure)
lor the year-end¢d 31 August 2021
Unrestritted Restritted Endowtnont
Fund$
Fund5
Fund5
Tolal
2020
2021
Notes
INCOME AIYD ENDOWMENTS FROM:
ChAritgble ACtÉvities:
rees receivable
Other educational incorne
2,678,833
152,962
2,678.8ii 2,410,832
152.962 202,779
Other trAding Acti&ities',
Investmeni income
Rents, lettin8s and other income
DoThAtions
Governm¢nt grant$
3b
10,671
10.678
74.922
13.550
5i.45i
2,717
3,886
40,574
125.003
74,922
-1,575
55,455
9,225
750
TotAI income
2,965,754
19,896
750 2,986,400 2,785,791
EXPENDITURE ON:
Charitable activities:
Teaching c0515
Educational support cost5
Preinise5
1,461,845
1,222,813
340.318
1,461,845 1,288,338
1,261,570 1,075,344
)40,318
265,494
38.757
Tot¥1 expenditure
3,024,976
38,757
3.063,733 2,629.176
G#in5 on investtnents
Unrealised gains on investments
39.711
39.711
8,169
Net income
159.2231 118,8601
40,461 137,6221
164,784
Net movement in funds
159,2231 118,8601
40,461 137,6221
164,784
Funds brought forward at
I Septeinber 2020
472.005
81,602
225,616
779.223 614,439
Futkd ¢#rrled forward
at 31 August 2021
412,782
62,742
266.077
741.601
779,223
All income alld expenditure arises froin the charity'5 continuing aciivities. The notes on pages 17 ￿ JO form part
of these financial slalemenls.
CoTnpany numbeT.' 044619i2
Chariiy number.. 01093554
14

Salisbury Cathedral School Limited (A company limited by guarantee)
BAI.ANCE SHEET
a5 at 31 August 2021
Notes
2021
2020
FIXED ASSETS
23,348
107,724
266.177
29,656
94,809
226,466
Tangible assets
InNesiments
10
397.249
)50,931
CURRENT ASSETS
Stock
Debiors
Cash ai bank and in hand
31.894
123,444
781,058
29,240
192,288
717,181
936,396
938.709
CREDITORS.. Amounts falling due within one year
14 {551,7941 1458,0021
384,602
480,707
NET C.URRENT ASSETS
TOTAL ASSETS LESSCURRENT LIABXLITIES
781.851
831,638
CREDITORS, Amounis falling due after Inore than one year
140,2501
152,415}
NET ASSETS
741,601
779,223
Reprt5enting'.
ENDOII'ED FUNDS
266,077
225,616
RESTRICTED FUNDS
18
62.742
81,602
UNRESTRICTED FUNDS
General Fund
412,782
472,005
TOTAL FUINDS
19
741,601
779,223
These financial slalemeThis have been prepared in a¢¢ordan¢t with the special provision5 for small companies under
part l i of the c.ompanies Act 2006. The financial statelllents isere approved and authorised for issue bj the Board
of Governor5 on %ts. ii. % and signed on its behalf by:
Dr Jatnes Flctcher, Governor
J Munro-Higgs, Chair of Go
er
Compaiiy number.. 04461932
Charity nutnber.. 01093554
15

Salisbury Cathedral School Limited (A company limited by guarantee)
STATEMENT OF CASH FLOWS
for the year•ended 31 August 2021
2021
2020
Note
CASH FLOWS FROM OPERATING AcfiviTIES
Net cash provided by operating activities
22
84,908
208,230
CASH FLOWS FRONI INVESTIliG ACTIVITIES
Purchase of tangible fixed assets
Pui¢hase of intangible fixed agsets
Inieresi received
Dividends received
Proceeds on sale of tangible ￿SetS
131,709)
{17,0251
131,5381
10,671
2.699
NET CASH (USED INYPROVIDED BI, INVESTING
AcfiviTIES
{45,8461
INCREASE IN CASH IN THE YEAR
63.877
162,i84
CASH AND CASH EQUIVALENTS AT I SEvfEMBER
717.181
554,797
CASH AND CASH EQUIVALENTS AT31 AUCUST
781,058
717.181
Company number.. 04461932
Charity numbeT'. 0109i554
16

Salisbury Cathedral School Limited (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
for the year-ended 31 August 2021
ACCOUNTING POLICIES
GENERAL INFORMATION
Salisbury Cathedral School Limited is a private charitable company limited by guarantee, incorporated
and registered in England and Wale5.
The addrcss of the charitable company's registered offic¢ and principal place of business is l The Close,
Salisburs,, Wiltshire, SP12EQ.
The company'5 principal activities are disclosed in the Governor's Report.
BASIS OF PREPARATION
These financial statements have been piepared in accoi"dance iyith FRS 102 'The Financial Reporting
Standai'd applicable in the UK and Republic of IITland' ('FRS 102,1 and under rhe hisiori¢al cost
convention, thiih the exception of investments ivhich are includcd at markft value. In accordance with the
Sratement of Recommended Practice Accounting and Reporting by Charities ISORPI las amended for
accounting periods commencing from l January 20191 and ihe requiiemenis ofihe Companies A¢¢ 2006.
Salisbury Cathedral School Limited Ineets the definiiion under FRS102 of a public benefit eniily.
These financial statements are prepared in sterling which is the functional eurrency of the charitable
company. Monctary arnounls in these financial statements are rounded to the nearest whole £ l. except
where otherwise indicated.
GOING CONCERN
In con5id¢rin8 whether the going concern ba515 is appropriate, the Governors have considered income and
expenditure and cash-flow projections prepared for the period to 31 August 2022 with longer term
projections to 31 Au¥ust 2026 also being con5id¢red. The5t projections have been based on known and
expected pupil llumbers and costs and indicaie thai the school will have Su￿1¢IenT ¢ash and reserves to be
able to meet its liabilities as Ihey fall due.
In light of the above the Governors have concluded that there are no ¥Dat¢rial uncertaintle5 over the
school's ability to coiitiiiue as a going concern for a period of ai least 12 months and as such it is
appropriate to use the going concern basis in ihe prepataiion of these finAncial statements.
INTANIBLE FIXED ASSETS
Intangible assets acquired separately froin a business are recognised at cost and ale substqUEntly
measured at Cosi less a¢¢umulated amortisation and accuinulated irnpairment105se5.
Amortlsation 15 recognised so as to Write off the c05t of assets less their residual values over their useful
lives on the following bases..
Computer software
20¢/0 Straight line basi5
TANGIBLE FIXED ASSETS
Motor vehicles, major iteEns of office equipment and major property improvem¢n15 have been capitalised
and are being depreciated over their esiimated useful economic live5. Routine repair5 to properties are
writien off in the year of acquisition. because it is not considered thai they have any recoverable value.
Fixed assets are initially recorded ai cost. Iteins costing less than £3,000 are written off expense as
a¢quiied.
The following rates of depreciation are u5¢d..
Motor v¢hicle5
20Vu straight line basis
Furniture and office equipment
I OO/a
33P/o siraight line basis
Property improvements
IO¥Tr Stiaight line basis
Coinpany Rurnber.. 04461932
Charity number.. 01093554

Salisbury Cathedral School Limited (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
for the year-ended 31 August 2021
ACCOUNTING POLICIES l¢oniiKuefl)
STOCKS
Stocks are stated at the lower of direct Cost or net realisable value. Stock5 COTllPTise of catering raw
material and consuJnable5 and uniform Stock. Provisions are made for obsolete stock.
INVESTMENTS AND INVESTMENT INCOME
Investrnents are included at tnarket value al the balallce sheet date. Any gain or loss on revaluation is
taken to the 5tatetn¢nt of financial activities. Investment income i5 account￿ for in the period in which
the charity is entitled to receipt.
CONSOLIDATED FINANCIAL STATEMENTS
The charitable company has taken advantage of the exemption ill Section 402 of the Coimpanies Act from
the requirement lo prcpare con501idated financial statein¢n15. Consequently, these financial slaltments
present the financial position and fjnancial performance of the charitable company as a single entity.
OPERATING LEASES
The rent payable under the leases for the school buildings, Boarding House and grounds are related lo the
level of the fees. and is charged as expenditure in the period 10 which it relates. Rent payable under other
operatin8 lease5 is charged as expenditure on a straight line basis over the lease terms.
FEES AND SIMILAR INCOME
Fees receivable and charges for services are accounted for in the period in which the service is provided.
Fees re¢eiwable are stated 8lter dedu¢iing allowances, scholarships and other reinissions granied by the
school from it5 restricted funds.
DONA TIONS AND FUND ACCOUNTtNG
Donations rece&ved for the general purposes of the charity are included as unrestricted fundg. Donations
for purposes restricted by tl)e wishes of tlie doiivr are takeii lo "re5tricled fuiids" wliere tli¢se Ivi51ies arr
legally binding the GoveTlloTS. Donaiions required 10 be retained as capital in accordance wilh Ihe
donor's wishes are accounied for as"end0￿men1s"
pemianent or expendable according to rhe nature of
the restriction. Designated funds are those allocated to specific projecis our of unrestricTrd funds, in
accordance with Governors. decisions.
EXPENDITURE
Expejiditure is allocated to the cliaTity's priiicipal activitj wliere ihe costs Can 6e ideniified as being
directly related io thai aciivity. All costs that cannot be ideiitified as relating directly to th¢ Charity's
principal activity are ¢a¢egorised as either support costs or governance costs and are allocated based upon
suitable ratio applicable 10 the naiure of the cosi involved. The irrecoverable element of VAT is included with
the iiein of expense to which il relates.
Governance costs comprise the costs of running the ¢httrity Tncludlng stTategic planning for its future
development and external audit. any legal advice for tht Governorb, and all Ihe costs of complying wilh
constilulional and sraiuiory requiremenis, such as the costs of Board And Commillee meeiings and of
preparing statutory accounts and satisfying public accouniabiliiy.
Company number.. 04461932
Charity numbeT'. 01093554

Salisbury Cathedral School Limited (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
for the year-ended 31 August 2021
ACCOUNTING POLICIES (continued)
PENSION COSTS
Coiilribulions to Ilie Teacliers, Pensioii Schenie and io the defined contributioii schemes operated on
behalf of other staff are char¥ed a5 exptnditure in the period to which they relate.
CASH AND CASH EQUIVALENTS
Cash and cash equivalents include cash in hand, deposits held ai call with bank5 and. other 5hort-terrn
It4uJd Investments wilh original tnaturities of ihree months or less.
ACCEPTANCE DEPOSITS
Acceptancc dep051ts are paid to the school 10 secure a place forthe child at the school. Deposits held form
part of the general funds of the school until the child leaves the school at which point they are Credited
4'ithout interest to the final paymeni of the fees or other sums due to the School. Deposits are held as
creditors on the balance sheei and are cla5sifJed as owing within one year and over one year based on
,h¢n they are expecied lo be crediied againsi income.
FINANCIAL INSTRUMENTS
The charitable company only has financial assets and finan¢ial liabilities of a kind that qualify as basic
financial instrumentg. Basi¢ financial instruments are initially recognised ai transaction value and
stjbsequelltly measured ai their settletnent value with the exception of listed investments which are
subsequently measured al lair value.
FINANCIAL ASSETS
Fees and oiher debtors which are receivable within one year are recognised at the settlement amount due
after any trade discount otTered. Prepayments are valued at the amount prepaid net of any irad¢ discounts
due.
A provision for impairment of debtors is established when there 15 objective evidence that the amounts
dut will not be collected according to the Dr¥gin41 terms of Ilie contracl. lrnpairmeni losses are recognised
in income and expenditure for the excess of the Carrying value of the trade debtor over the present value
of the future cash flows discounted using the original etTe¢tive interest rate. Subsequent reVe￿al8 of an
impairrllent loss thai objectively relate io an event occurring after ihe impaimieni loss was recognised,
are rc£o8nised immedtately In in¢oine or ¢xp¢ndilur¢.
FINANCIAL LIABILITIES
Creditors and provisions are re¢ogni5ed when the charitable companv has a present obligation Tesulting
from a past event that will probably result in a transfer of funds to a third party and the amount due to
settle the obligation can be measured or estimated reliably. Creditors and provisions are normally
recognised ai their 5etilement amount after allowing for any irade discounts due.
TERMINATION BENEFITS
Termination benefits are recognised imtncdiately ￿ an expense ivhen the charitable company has
demonsirably cotninitted to lerininating the employrneni of an employee or to provide terminatloll
benefi15.
Company nuinber.. 04461932
Charity number.. 01093554
19

Salisbury Cathedral School Limited (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
for the year-ended 31 August 2021
ACCOUNTING POLICIES Icontinuedl
GOVERNMENT GRANTS
Government grdnts 8r¢ Tecognised at the fair value of the asset received or receivable when there is
reasonable assurance that the grant condiiions will be mei and ihe granrs will be received.
Salisbury Cathedral Sch￿1 Limited received a discretionary cash grant of £55,45512020.. £125,003) froin
ihe govemmentas part of the Coronavirus job retention scherne ICJRSI. The CJRS compensates
employers for 80D/o of an ernployee'5 wage5 UP to the value of £2.500 P¢T month, a5 well as the associated
national insurance contributions INICS) and employer pension contribution5 of eTnployees placed on
furlougli. Furlough is ihe ietnporary leave of 3b5enc¢ of an etnployee fioin working foi Iheii employer.
The grant is condilionalupon the employees remaining employcd and on the cornpany PA YE payroll. and
tht rrnployee not ¢ompletittg any work for their employer ivhich makes Jnoney or the provision services
for their employeror any company as50ciaied with thcir einployeT. There are no unfulfilled condilions or
Contingencies attached io ihe grani, and ihe company did not receive any other form5 of government
as515tance.
CRITICAL AREAS OF JUDGEMENT
In preparing the financial s¢)iern¢nts, the Iiusiees are required 10 make eslimales and judgeinenls. The
tnatteT5 detailed below are eonsidered to be the most important in understanding the judg¢rnents that are
Involved in preparing the financial statements.
Bad debt Provisions
The school has recognised bad debt provisions where there is uncertainty whtiher specific accounts
receivable are collectible. The judgetn¢nls, esiitnaies, and associated assumptions necessary to calculate
these provisions ar¢ based on historical experience and other reasonable factOT5.
FEES RECEIVABLE
2021
2020
Gross fees r¢¢eivable
Less..
Allowances
Means iesied bursaries
Scholarships
Discounis
3.177,696 2.907,354
14,043)
{316,2951 1253,6421
12,3671 {147,233)
1214,7871
191,6041
2,644,247 2,410,832
34,586
2.678,8ii
Add back discounts and scholarships paid out of restricted funds
2,410.8J2
All income from fees receivable was unrestTjCted in boih 2021 and 2020.
Company number.. 04461932
Charity number.. 01093554
20

Salisbury Cathedral School Limited (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
for the year-ended 31 August 2021
lal OTHER EDUCA TIONAL INCOME
2021
2020
Reimbursements..
Chori5tei Holiday5
Sundry Incoine
45.000
4,025
49.025
49,386
25,957
75,343
R¢¢overable extras and related income
Rcgistration fees
Uniform Shop income
69,571
5,050
29,316
103,937
152,962
97.737
8.950
20,749
127,436
202.779
All income from other educational activitie5 was unrestricted tn both 2021 and 2020.
Ibl INVESTMENT INCOME
2021
2020
Bank interest received
Dikidend income
10,671
2.699
10,678
2,717
The income from investments wa5 £10,67812020.. £2.7171 of which £7 (2020.. £181 was unrestricted and
£10.67112020.. £2.699) Iva5 restricted.
GOVERNMENT GRANTS
2021
2020
Coronavirus job retentloll 5chem¢ grant
55,455
125,003
Salisbury Cathedral School Limited furloughed a number of siaff under the Government's Coronavirus
job retention scheme ICJRSI. Th¢ income from the Coronavirus job retention scheme ICJRSI was
unresiricied. The income received relates to staff costs in respeci of ihe siaff who were furloughed.
Company number.. 04461932
Charity number". 01093554

Salisbury Cathedral School Limited (A company limited by guarantee)
NOTES TO THE FINANCJAL STATEMENTS
for the year-ended 31 AugJust 2021
ANALYSIS OF TOTAL EXPENDITURE
Staff costs Depreciation
nd
Atnort15ation
Other
eosts
Total
2021
TotAI
2020
Charitable expenditure..
Tek)ching costs
1,437,174
24,671 1,461,845 1,288,338
Educational support Costs..
Staff training & Tecruiiment
Household ¢xpense5
Property and ground5
Other school running costs
Marketing cosis
LoS￿(proFJtI on disposal of
fixcd a5set5
Premises
Governance costs
15,875
130,075
15,875
130,075
61.028
975.550
52,192
25,246
294,854
124.215
557,J66
61.028
521.790
453.760
52.192
5.371
25,102
315,216
340,318
265,494
26,850
26,850
33.556
25,102 1.018,639 3.063,733 2,629,176
2,019,992
The expcnditure on charitable activities wag £3.063,7iJ 12020.. £2.629,176} of which £3,024,97612020..
£2.608,1761 was unrestricted, £38,757 (2020.. £20,250) was restricted and £nil120?0.. £7501 wa5 from the
endowmen¢ funds.
STAFF COSTS
2021
2020
Wages and salaries
Social security C05t5
Pension costs
1.723,422 1,445,799
130.849
165.721
210.830
2,019,992 1,771,939
Included in staff costs are terininatton paytnents totaling £nil {2020'. £7,203) paid to O 12020.. 11
individual5.
2021
Number
2020
The avcrage numbers of ernployees, analysed by function, were..
Teaching
Household
MainlenF4nce
Administration
Oiher
i umber
42
17
45
14
12
78
74
The nutnber of einployees whose emoluments {excludin8 pension contributions} exceeded £60,000 were..
2021
Number
2020
Number
£60.000-£70,000
Contributions to T¢arher5' Pensiorts were made in respect of these etnployees of £21,077 12020..
£19,320).
Company number.. 04461932
Charity numbeT.' 01093554
22

Salisbury Cathedral School Limited (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
for the year-ended 31 August 2021
STAFF COSTS Iconiinuedl
The Governors have not received rernuneration for their services in either year. No Gov¢mors were
ieimbut5ed any travel or expenses in eiiher year.
Rem￿neratiOn of ke), m#nagement personnel
The remuneration of key managerncnt personnel is as follows..
2021
2020
Aggregat¢ compensaiion lincluding employer's Nll
331,562
287,139
EXPENDITLryiE
2021
2020
Charitable activities expenditure include5'.
Operalingy lease charuJes- Building & land
Operating lease Lharges Oiher
Depreciation and atnort15ation
Loss on disposal of fixed assets
107,920
4,625
25,102
143,559
11,547
20,047
5,371
Governance costs include..
Auditor's remuneration..
Audit services
Other 5¢rvice5
26,850
13.000
4.000
INTANGIBLE FIXED ASSETS
Computer
software
COST
A¢ I September 2020
Addition5- separately acquired
31,538
At 31 August 2021
31,538
AMORTISATION
Ai I September 2020
c.harg¢ for the year
1,882
6,J08
At 31 August 2021
8.190
NET BOOK VALUE
At 3 l August 2021
23.348
At 3 1 August 2020
29.656
Company nutnber.. 04461932
Charity number.. 01093554
23

Salisbury Cathedral School Limited (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENI"S
for the year-ended 31 August 2021
TANGIBLE FIXED ASSETS
Property
Improvements
Motor
vehieles
FurnKthr¢
and
e4uip¥nent
Tot41
COST
At I September 2020
Additions
Disposals
At 31 August 2021
497,924
7,344
51,339
258,374
24.365
181,3771
201362
807.637
31.709
181,)771
757 969
505,268
51,339
DEPRECIATION
At I S¢ptembeT 2020
Charge for the year
Elimination on disposal
At 31 Augu512021
4JO,191
10,189
51,339
231,298
8.605
181,3771
158,526
712,828
18,794
(81.377)
650,245
440,380
51,339
NET BOOK VALUE
At 31 August 2021
64,888
42,836
107.724
At 31 August 2020
67,733
27.076
94.809
10
(a} INVESTMENTS IN FUNDS
CoTllmO
Investn]ent
Funds
Markei value ai I September 2020
Gain on revaluation
226.366
39,711
266,077
Market value at 31 August 2021
Cost at i l Augusi 2021
Cost at 31 August 2020
104,141
104,141
The holdings in charitable comnx)n inve5tinent funds con515t ol..
2021
2020
CBF Church of England Investm¢nt Fund
Unirs
Valu¢
11,584
266,077
226,366
Company number.. 044619i2
Charity number.. 01093554
24

Salisbury Cathedral School Limited (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
for tlie year-ended 31 August 2021
10
Ibl INVESTMENTS IN SUBSIDIARIES
2021
2020
Investment5 in 5ub5idiaries
100
100
SUBSIDIARIES
These financial statements are separale company financial statements for Salisbury Cathedral School
Limited.
Details olthe compaiiy's subsidiaries at 31 August 2021 are as follows.
Name of undertaking
Registered
office
Salisbury Cathedral School al
Enierprises Ltd
NAture of
busin¢$5
Domant
Cl#s$ of
5hHreholding
Ordinary
/v Held Direet
100.00
al l The Close, Salisbury, Wiltshire, SP12EQ
STOCK
2021
2020
Uniforin
Food
31,704
190
29,050
190
31,894
29,240
DEBTORS
2021
2020
Fte5
Prepayjnenls and accrued income
Other debtors
86,858
30.956
5,()30
123.444
125,719
66,569
192,288
14
CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
2021
2020
Fee5 received in advance
Trade creditors
Amounts owed to 5ub5idiary
Other taxation and social security
Refundable deposits
Accruals and deferred income
Other crediiors
422,749
38,817
100
32,300
7,243
16,614
33,971
285,369
45,541
100
26,618
8,828
28.463
63,08i
551,794
458,002
Company number.. 04461932
Charity number.. 01093554
25

Salisbury Cathedral School Limited (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
for the year-ended 31 August 2021
15 CREDITORS.. AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021
2020
Refundable dep051ts
40,250
52,415
16 FINANCIAL tNSTRUMENTS
2021
2020
CAIIRYtNG AMOUNT OF FtNANCIAL ASSETS
Financial assets measured at fair value through profit and loss
266.077
226,J66
17
ENDOWMENTS
Movem¢nt in funds
Balance atl
September
2020
Transfers
to other
BalaJ)ee gt
31 August
2021
Income
GAins
Scholarship funds
WindsoT Prize Fund
Fitzgcrald Scholarship Trust
Head Master's Fund
175,590
16,063
14,246
19,717
750
30.935
2.818
2,499
3,459
207,275
18.881
16,745
23,176
225,616
750
39,711
266,077
BAlance Atl
September Expenditure
2019
Tr#n5fers
to other
funds
BAlante J)t
31 August
2020
Gains
Scholarship funds
Wind50r Prize Fund
Fiizgerald Scholarship Trust
Head Master's Fund
169,976
15,483
13,7i2
19,006
{750)
6.i64
580
514
175,590
16,063
14,246
19,717
218,197
(750)
8,169
225,616
The above gains consist of revaluation5 in inv¢stTnent assets.
The Endowm¢ni Funds are represented by fixed asset investments. The income of all the funds Inust be
used for restricted purposes as explained in note 18.
Company number.. 04461932
Charity nuTnber'. 01093554
26

Salisbury Cathedral School Limited (A company limited by guarantee)
NOTE5 TO THE FINANCIAL STATEMENTS
foi. Ihe year-ended 31 Augusi 2021
EiESTR]CTED FUNDS
Movement in fu￿d5
(&)
Usage of funds
Balance Atl
S¢ptember
2020
Tran5fer5
to other
funds
Bftlance At
31 August
2021
Income
Expenditure
Scholarship fund5
Vindsor Prize Fund
Fitzgerald S¢holarship Trust
Head Master's Fund
john Robinson Fund
Ouseley Trust
Tindall Trust
Hardship bursary
(hher
9,164
484
2,304
4.444
114,4951
25,690
2,362
7,400
4,444
2,168
11,000
9,677
1.878
5.096
2.168
21,417
8,177
450
7.224
2.000
1,500
112,4171
{450)
{7,224)
81,602
19.896
138,7571
62,741
Movement in funds
(91
Us#ge of funds
Balance Atl
Sepiember
2019
TrAn5fer5
to other
funds
Bhlnnce At
31 Augus¢
2020
Income
Expenditure
Scholarship funds
Windsor Prize Fund
Fitzgerald Scholarship Trust
Head Master's Fund
John Robinson Fund
Ouseley Trust
Tindall Trust
Hardship bursary
Other
29,769
1.308
4,684
3.706
2,030
1,252
570
412
465
38
18,000
13,427
450
31.021
1,878
5,096
2,168
21,417
8,177
450
7,224
112,0001
{8,2501
3,000
7.224
67.138
34,714
120,2501
81,602
Ib)
Usage of funds
SchDIAr$hip funds
The income frotn the endowments ofthese funds is to provide particular academic and music s¢holarships
to pupils at Ihe Caihedral School.
HeAd Ma$ier's Fund
Thi5 fund may be spent at the Head Master's discretion for the benefii of the Cathedral School or its
pupil5.
Wind50r Prize Fund
Thi5 fund was sei up to provide two annual prizes for musical ability, one to a chorister the otheT to a
non-chori5teT. The prize has been awarded against fees due.
Coinpany number.. 044619i2
Charity rtutnber.. 01093554
27

Salisbury Cathedral School Limited (A company limited by guarantee)
NOTES TO THE FtNANCIAL STATEMENTS
for the year-ended 31 August 2021
18
RESTRICTED FUNDS Icop7¢inued)
John Robin50n MernoriAI Fund
This fund was donated by the Sarum Voices committee to a5515t a new probationerlchorister, who rnight
otherwise be finJDciilly challenged, to have instrumenial lesson5 for One year.
Ou5eley Trust Fund
This fund was set up to provide funding lo nained choristers.
TindAII Trust
This fund was set up to support ihe music department's ouireach work.
Hardship Bursary
This fund was set up 10 assist individuals who were in financial difficulties. particularly due to the impact
of COVID-19.
Other restricted fun(ts
This fund was donated by a parent of an ex-student to bc used. at the dis¢reiion of the school, to help
other families in n¢¢d of flnancial &8sistance.
19 ANALYSIS OF NET ASSETS BETWEEN FUNDS
Fund balance5 at 31 Augusi 2021 are represented by the following nei assets..
Unrestricted
Restrict￿ Endoivment
Fund5
Funds
Funds
TotAI
Intangible fixed a55ets
Tangible fixed assets
Investments
Current assets
C.UTrent liabilities
Long term liabilitie5
23,348
107.724
100
873,654
{551,794)
140,2501
23.348
107,724
266,177
9i6,)96
(551.7941
{40.2501
266.077
62,742
412,782
62.742
266.077
741,601
Fund balances at 31 August 2020 are represented by the following net assets..
Unrestricted
Restricted Endtswment
Funds
Fund5
Funds
Totgl
Iniangible fixed assets
Tangible fixed assets
Investments
Curreni assets
29.656
94,809
100
857,857
1458,0021
{52.41 S)
29,656
94,809
226,466
938,709
1458,0021
152,4151
226,366
1750)
81,602
Long term li&bilities
472,005
81.602
225.616
779,223
Company number.. 04461932
Charity number.. 0109i554
28

Salisbury Cathedral School Limited (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
for the ycar-cndcd 31 August 2021
20
PENSIONS
al London Pension Fund
The School operates a defined contribution scheme with Royal London for its teaching staff.
The pension charge for the year includes coniribuiions pa}able fo the scheme of £142,644 {2020..
£127,249) and at the year-end £20.35612020.. £11,425) was payable and included within Creditors.
ort Staff Pension Fund
The School operates a defined contribution scheme. Total einployer contribuiions for the year were
£23.077 (2020.. £19,338}.
The total pension contributions outstanding at 31 August 2021 amounted io £3.99012020.. £2.6291.
COMMITMENTS
Al ihe reporting date. the iolal of the school'5 future minimurn lease payments under non-cancellable
optrating leases liras..
2021
2020
Leases i¥hich expire..
Ivithin one year
In one 10 five year5
124,624
28,476
158.102
345,433
153,100
503,535
22
NOTES TO THE STATEMENT OF CASH FLOWS
Reconciliation of nel incotn¢ to net cash inflow frotn operating activitie5'.
2021
2020
Net income
D¢pr¢cialion of tangible a55et5
Ainortisalion of iniangible assets
Lossllprofitl on disposal of fixed assets
Revaluation of investtntnt5
Interest received
Dividends received
Ilncreasellde¢rease in stocks
Decreasellincreasel in debiors
Incrtaselldecrease) cr¢ditor5
137.622)
18,794
6,308
164,784
18,165
1,882
5,371
18,1091
(7)
110,6711
12,6541
68.844
81,627
84,908
12,6991
140.8521
72,884
208,2JO
Analysis of change5 in net funds
At I Septen]ber
2020
Cash flow
At 31 August
2021
C&h at bank and hand
717,181
63,877
781,058
Company number.. 04461932
Charity number.. 01093554
29

Salisbury Cathedral School Limited (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
for the year-ended 31 August 2021
23
TRANSACTIONS WITH RELA TED PARTIES
{Al
TrAn5action5 Wlth the Member
Th¢ School's land and buildiiigs are leased froiii Tlie Catliedral Church of the Blessed Virgin of Salisbury
and frotn tTUSlS managed and controlled by them. The rent payable during the year-ended 31 August 2021 il'as
£107.92012020.. £112.6671.
The Cathedral Church of the Blessed Virgin Mary of Salisbury retnJbursed expense5 incurred by the School for
adminisleFing the choirs and accommodating them during school holidays at a ¢ostof £63,00012020', £49.3861.
The Caihedral also madt contributions to 5¢hool ftes of £240,28912020.. £288,i181.
No amounts %Yere outstanding at the year-end12020.. £nill.
Ibl
Transaetlons wlth Governors
Christine CoopEr School Uniforrn, a companv owned by a Governor of the school. made sales lo Salisbury
Cathedral School in th¢ year of £4.66212020.. £3.0861. At the ycar-cnd £803 wa5 QUt5tanding12020.. £nill.
One Governor lia5 contracted a5 interim financt rnanager for the School during the year on normal commercial
terms. Sales totallcd £6,740 in the year with £nil outstanding at year-cnd
Total donations re¢eived fiom Governors during Ihe year amounted to £nil12020.. £nill. No amounts were
outstanding at the }'ear-end12020.. £nill.
Ic)
TransAttions with Subsidikry CornpAny
At the balance sheei dale, Ihe chariiy owed Salisbury Cathedral School Enierprises Limiied £1 0012020..
£iooi.
Company number-. 04461932
Charity number.. 01093554