||Foreword from the Abbot ofWorth (Chairman ofTrustees)|Foreword from the Abbot ofWorth (Chairman ofTrustees)|| |---|---|---|---| ||Trustees' Report (incorporating
the Strategic Report)||| ||Our Finances: A Review of2020-21||10| ||Legal Structure &Governance||14| ||Statement ofTrustees Responsibilities||| ||Independent
Auditor's
Report||20| ||Consolidated
Statement ofFinancial Activities including|an Income &|24| ||Expenditure
Account for the year ended 31August 2021||| ||Consolidated
Balance Sheet as at 31August 2021||25| ||Charity Balance Sheet as at31August 2021||26| ||Consolidated
Cash Flow Statement for the year ended 31August 2021||27| ||Notes to the Financial Statements||28| |~|Reference &Administrative
details||SS| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||Notes|General|Designated|Restricted|Total 2021|Total 2020| |---|---|---|---|---|---|---|---| ||||Funds (E)|Funds (E)|Funds (E)|(E)|(6)| |INCOMING
RESOURCES|||||||| |Voluntary
income|||||||| |Donations,
gifts & legacies|||250,327||87,444|337,771|283,958| |Charitable
activities|||||||| |Advancement
ofreligion|||224,648|||224,648|308,640| |Advancement
ofeducation|||14,394,694|||14,394,694|14,608,766| |Activities for raising funds|||||||| |Investment
income||Sa|80,069||48,507|128,576|189,516| |Courses and lettings|||115,648|||115,648|155,578| |Other income||5b|281,180|40,215|2,357|323,752|764,437| |TOTAL INCOMING
RESOURCES|||15,346,566|40,215|138,308|15,525,089|16,310,895| |RESOURCES EXPENDED|||||||| |Cost of raising funds|||||||| |Investment
management|fees||13,988||20,246|34,234|34,827| |Courses and lettings|||107,307|||107,307|207,549| |Other costs|||455,036|||455,036|443,935| ||||576,331||20,246|596,577|686,311| |Net incoming resources|||||||| |available for charitable|||14,770,235|40,215|118,062|14,928,512|15,624,584| |application|||||||| |Charitable
expenditure:|||||||| |Advancement
of religion||6b|1,103,138|57,080|331|1,160,549|1,133,970| |Advancement
ofeducation||6b|13,696,565|26,180|27,429|13,750,174|14,366,266| |Outreach
Peru||6b|||207,860|207,860|200,787| |Other charitable
activities||6b|||2,040|2,040|7,326| |TOTAL RESOURCES EXPENDED|||14,799,703|83,260|237,660|15,120,623|15,708,349| |Net incoming resources|||||||| |before transfers
and|||(29,468)|(43,045)|(119,598)|(192,111)|(83,765)| |revaluations|||||||| |Transfers
between
funds||15,16|(634,500)|644,864|(10,364)||| |Net incoming resources|||(663,968)|601,819|(129,962)|(192,111)|(83,765)| |before revaluations|||||||| |Realised gain/(loss)
on|||||||| |investment
assets|||(143)||(76,904)|(77,047)|(25,531)| |NET INCOME/(EXPENDITURE)|||(664,111)|601,819|(206,866)|(269,158)|(109,296)| |FOR THE YEAR|||||||| |Unrealised
gain/(loss)
on|||407,001||237,900|644,901|473,858| |investments|||||||| |NET MOVEMENT
IN FUNDS|||||||| |INCLUDING
NET INCOME|||(257,110)|601,819|31,034|375,743|364,562| |FOR THE YEAR|||||||| |Reserves at 1September||15,16,17|19,513,783|1,039,132|8,259,463|28,812,378|28,447,816| |RESERVESAT31AUGUST||15,16,17|19,256,673|1,640,951|8,290,497|29,188,121|28,812,378| ||||Notes|2021|2020,|2020,| |---|---|---|---|---|---|---| |||||(E)|(E)|| |FIXEDASSETS||||||| |Tangible fixed assets||||30,626,759|25,608,889|| |Investments||||5,240,516|4,858,167|| |||||35,867,275|30,467,056|| |CURRENT ASSETS||||||| |Stock|||10|132,207|148,730|| |Debtors|||11|519,973|600,895|'| |Cash at bank and|in hand|||6,009,652|8,634,924|| |||||6,661,832|9,384,549|| |CREDITORS: amounts||falling due||||| |within one year|||12|(6,183,934)|(5,827,941)|i| |NET CURRENT (LIABILITIES)/ASSETS||||477,898|3,556,608|| |TOTAL ASSETS LESS||CURRENT LIABILITIES||36,345,173|34,023,664|| |CREDITORS: amounts
one year||falling due after more than|13|(7,157,052)|(5,211,286)|i| |TOTAL NET ASSETS||||29,188,121|28,812,378|| |FUNDS||||||| |Restricted funds|||15|8,290,497|8,259,463|l| |Designated
funds|||15|1,640,951|1,039,132|| |General funds|||16|19,256,673|19,513,783|| |TOTAL FUNDS|||17a|29,188,121|28,812,378|| |Charity Balan|ce|Shee|t for|the year|ended 31August 2021|ended 31August 2021|||| |---|---|---|---|---|---|---|---|---|---| ||||||Notes||2021|2020,|| ||||||||(f)|(EJ|| |FIXEDASSETS|||||||||| |Tangible fixed assets|||||||30,144,971|25,280,230|| |( Investments|||||||4,499,088|4,215,301|| |Investments
in subsidiaries|||||||1,100|1,100|| ||||||||34,645,159|29,496,631|| |CURRENT ASSETS|||||||||| |Stock|||||10||2,042|61,598|| |Debtors|||||11||707,848|778,754|| |Cash at bank and|in hand||||||3,309,614|5,844,713|| ||||||||4,019,504|6,685,065|'| |, CREDITORS: amounts||falling due|||||||| |within one year|||||12||(7,173,160)|(6,044,030J|| |NET CURRENT ASSETS/(LIABILITIES)|||||||(3,151,656|641,035|'| |' TOTAL ASSETS LESS||CURRENT LIABILITIES|||||31,491,503|30,137,666|| |CREDITORS: amounts||falling due|||||||| |after more than|one|year|||13||(4,316,184)|(2,739,077J|| |TOTAL NET ASSETS|||||||27,175,319|27,398,589,|| |FUNDS|||||||||| |Restricted funds|||||15||7,309,188|7,389,990|| |Designated
funds|||||15||649,218|611,525|| |I General funds|||||16||19,216,913|19,397,074|| |I TOTALFUNDS|||||17||27,175,319|27,398,589|| |The company's|net|movement||in funds|for the year was|a decrease|of f223,540 (2020:f6,032||| |increase).|||||||||| |The financial statements|||were|approved|by the Trustees on 13 May 2022 and signed on their||||| |behalf by:|||||||||| |||||||( g|||| |The
ght Rev|n|John|Douglas Barrett|||The Reverend
P V Fludder|||| |Trustee||||||Trustee|||| ## ||||||||Notes|2021|202 0|| |---|---|---|---|---|---|---|---|---|---|---| |||||||||(E)|(E)|| ||RECONCILIATION
OF OPERATING||||RESULT TO NET|||||| ||CASH INFLOW FROM OPERATING||||ACTIVITIES|||||| ||Changes||in resources before transfers
and revaluation|||||(269,158)|(83,765)|| ||Returns|on investments
and the||servicing||offinance|18|(70,400)|(108,622)|| ||Additions||fixed assets|||||||| ||Currency||translation
gain and investment|||fees||97,084|27,469|| |||||||||(242,474)|(164,918)|| ||Depreciation|||||||821,297|856,467|| ||Decrease||in stock|||||16,524|31,711|| ||(Increase)||in debtors|||||80,922|(9,998)|| |,|Increase/(decrease)
in creditors|||||||(216,631)|(312,212)|| ||NET CASH INFLOW FROM OPERATING ACTIVITIES|||||||459,638|401,050|| ||||||CASH FLOW||STATEMENT|||| ||||||||Notes|2021|2020|| |||||||||(6)|(Ej|| ||Cash flows from operating
activities|||||||||| ||Net cash||inflow from operating|activities||||459,638|401,050|| ||Returns on investments
and the|||servicing||offinance|18a|70,400|10B,622|| ||Payments||to acquire tangible fixed||assets|||(5,839,166)|(734,326)|I| ||Payments||to acquire investments||||8||(200,000)|I| ||Draw downs on investments||||||18b|165,469|142,045|| ||Net cash||(outflow)/inflow
from|investing||activities||(5,603,297)|(683,659)|| ||Net cash||(outflow)/inflow
from|financing|||18c|2 518388|~854864|| ||activities|||||||||| ||Increase|in cash in the year||||||(2,625,271)|(1,137,473)|| ||Cash and||cash equivalents
brought||forward|||~$634923|~9772397|| ||Cash and||cash equivalents
carried||forward|||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Notes|General|Designated|Restricted|Total|'| |---|---|---|---|---|---|---|---|---|---| ||||||Funds (f)|Funds (f)|Funds (f)|2020 (f)|| ||i|INCOMING
RESOURCES|||||||| |||Voluntary
income|||||||| |||Donations,
gifts & legacies|||2,727|193,274|87,957|283,958|i| ||,|Charitable
activities|||||||| ||i|Advancement
of religion|||308,640|||308,640|| |||Advancement
ofeducation|||14,608,766|||14,608,766|| |||Activities for raising funds|||||||| |||Investment
income|||95,840||93,676|189,516|| |||Courses and lettings|||155,578|||155,578|| |||Other income|||760,067||4,370|764,437|i| |||TOTAL INCOMING
RESOURCES|||15,931,618|193,274|186,003|16,310,895|| |||RESOURCES EXPENDED|||||||| |'||Cost of raising funds|||||||| |||Investment
management|fees||12,835||21,992|34,827|| |||Courses and lettings|||207,549|||207,549|| |||Other costs|||443,935|||443,935|| ||||||664,319||21,992|686,311|| |,||Net incoming resources available
for charitable
application|||15,267,299|193,274|164,011|15,624,584|| |||Charitable
expenditure:|||||||| |||Advancement
of religion||6b|1,087,324|42,408|4,238|1,133,970|| |||Advancement
ofeducation||6b|14,306,262|38,607|21,397|14,366,266|| |||Outreach
Peru||6b|||200,787|200,787|| |||Other charitable
activities||6b|||7,326|7,326|| |||TOTAL RESOURCES EXPENDED|||15,393,586|81,015|233,748|15,708,349|| |||Net incoming resources|||(126,287)|112,259|(69,737)|(83,765)|| |||before transfers
and revaluations|||||||| |||Transfers between
funds||15,16|(447,964)|463,999|(16,035)||| |||Net incoming
resources before|||||||| |||revaluations|||(574,251)|576,258|(85,772)|(83,765)|| |||Realised gain/(loss)
on investment|||||||| |||assets|||22,217)||(3,314)|(25,531)|| |||NET INCOME/(LOSS)
FOR|THE||(596,468)|576,258|(89,086)|(109,296)|| |||YEAR|||||||| |||Unrealised
gain on investment|||364,762||109,096|473,858|| |||assets:|||||||| |||NET MOVEMENT
IN FUNDS|||||||| |||INCLUDING
NET INCOME|FOR THE||(231,706)|576,258|20,010|364,562|| |||YEAR|||||||| |||Reserves at 1September||15,16,17|19,745,489|462,874|8,239,453|28,447,816|| |||RESERVESAT31AUGUST||15,16,17|19,513,783|1,039,132|8,259,463|28,812,378|| ## ## ||||||2021 IE)|2020(E]|i| |---|---|---|---|---|---|---|---| ||Fee income for the year||||16,722,144|17,160,067|| ||Release offee prepayments||||659,102|598,017|| ||Extras||||572,188|489,867|| ||Entrance fees||||61,532|62,482|| ||||||18,014,966|18,310,433|| ||LESS:||||||| ||Allowances
and remissions:||||||| ||Scholarships
granted||||1,395,422|1,352,423|| ||Bursaries and other remissions||||2,224,850|2,349,244|| ||||||3,620,272|3,701,667|| ||||||14,394,694|14,608,766|| ||SA.
INVESTMENT INCOME||||||| ||||||2021(E)|2020 (EJ|| ||Investment
income from listed securities —general funds||||80,069|95,840|'| ||Investment
income from listed securities —restricted|||funds|21,410|21,996|i| ||Interest receivable||||27,097|71,680|| ||||||128,576|189,516|| ||SB.
OTHER INCOME||||||| ||||||2021(E)|2020 (EJ|| ||Furlough
grants received||||234,620|667,666,|| ||Government
grants||||22,591|36,581|| ||Other income||||66,541|60,190|| ||||||323,752|764,437|| ||6.
RESOURCES EXPENDED||||||| ||||||2021iE)|2020 (E)|| ||Employment
costs include:||||||| ||Wages and salaries||||7,684,648|7,770,650|| ||Social security costs||||740,709|748,295|| ||Pension contributions||||1,161,942|1,173,542|| ||||||9,587,299|9,6~92,487|| ||The average
number ofemployees||in the year was:||2021|2020|| ||||||Number|Number|| |'|Teaching &teaching support||||108|106|| ||Welfare||||53|55|| ||Premises||||41|45|| ||Management,
administration|5fundraising|||68|65|| ||||||270|271|| ## |'|The number|ofemployees|whose emoluments|exceeded E60,000was:|2021|2020,| |---|---|---|---|---|---|---| ||||||Number|Number| ||E60,000|E70,000|||21|20,| ||E70,001|E80,000|||9|9| ||E80,001|E90,000|||3|4| ||E90,001|E100,000|||2|3| ||E100,001|E110,000||||2| ||E110,001|E120,000||||| ||E120,001|6130,000||||| ||E130,001|E140,000||||| ||E140,001|E150,000||||| ||F150,001|E160,000||||| ||E200,001|E210,000||||| |||||||Staff costs (E)|Other (E)|Depreciation
(E)|Total 2021(E)|2020 (E)| |---|---|---|---|---|---|---|---|---|---|---| ||Costs ofgenerating|||funds||||||| ||Courses and|lettings||||76,033|31,274||107,307|207,549| ||Other|||||275,157|148,197|31,682|455,036|443,935| |I|Investment|Management|||Fees||34,234||34,234|34,827| |||||||351,190|213,705|31,6$2|596,577|686,311| ||Charitable
activities|||||||||| ||Advancement|of|religion|||430,778|553,112|176,659|1,160,549|1,133,970| ||Advancement|of|education|||8,938,446|4,198,772|612,956|13,750,174|14,366,266| ||Outreach
Peru|||||9,996|197,864||207,860|200,787| ||Other charitable||activities||||2,040||2,040|7,326| |||||||9,379,220|4,951,78$|789,615|15,120,623|15,708,349| ## |PRIOR YEAR EXPENDITU|RE|—Analysis ofTotal Resour|—Analysis ofTotal Resour|ces Expend|ces Expend|ed|||| |---|---|---|---|---|---|---|---|---|---| |||Staff costs (6)||Other (6)||Depreciation
(6)|Total 2020 (6)||| |Costs ofgenerating
funds|||||||||| |Courses and lettings|||99,785||90,918|16,846|207,549||| |Other|||176,228|266,403||1,304|443,935||| |Investment
Management|Fees||||34,827||34,827||| ||||276,013|392,148||18,150|686,311||| |Charitable
activities|||||||||| |Advancement
of religion|||403,013|560,726||170,231|1,133,970||| |Advancement
ofeducation|||9,142,972|4,555,208||668,086|14,366,266||'| |Outreach
Peru|||12,014|188,773|||200,787||'| |Other charitable
activities|||||7,326||7,326||| ||||9,557,999|5,312,033||838,317|15,708,349||| |6c.
EXPENDITURE —Other||disclosures|||||||| |||||||2021(6)|2020(f)||i| |Consolidated
costs include:|||||||||| |Auditors'
remuneration:|||||||||| |For audit||||||27,750|27,195||| |Interest
payable||||||58,176|80,894||| |Operating
leases —other||||||266,084|305,379|'|| |Depreciation
oftangible|fixed assets:||||||||| |owned
by the charitable
company|||and its subsidiaries|||821,297|828,894|'|| |Foreign exchange
(gains)|and losses|||||111,281|25,531||| |Costs ofan unusual
or exce tional nature:|||||||||| |Costs associated
with providing||evidence for the Independent|||Inquiry|into|||| |Child Sexual Abuse|||||||(11,332)||| |Future relationship
costs||||||22,783|182,726||| |10Year plan|||||||80,192||| |||||||22,783|251,586||| ||||410||||O
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I/I| ## ||||Freehold|Motor|Plant and|Assets under|Total|I| |---|---|---|---|---|---|---|---|---| ||||Property|Vehicles|machinery|Construction||| ||||(6)|(6)|(6)|(6)||| ||Cost|||||||| ||At 1September|2020|34,867,762|76,118|968,325|541,175|36,453,380|| ||Additions||72,591|5,500|30,793|5,474,780|5,583,664|| ||DisposaIs|||||||| ||At 31August 2021||34,940,353|81,618|999,118|6,015,955|42,037,044|'| ||Depreciation|||||||| ||At 1September|2020|10,166,227|72,109|934,814||11,173,150|| ||Charge for the|year|697,355|3,322|18,246||718,923|| ||Disposals|||||||| ||At 31August 2021||10,863,582|75,431|953,060||11,892,073|| |i|Net book value|||||||| |,|At 31August 2021||24,076,771|6,187|46,058|6,015,955|30,144,971|| |I|At 1 September|2020|24,701,535|4,009|33,511|541,175|25,280,230|| ||Freehold|Motor|Plant and|Assets under|Total|'| |---|---|---|---|---|---|---| ||Property|Vehicles|Machinery|construction||| ||(6)|(6)|(6)|(6)|(6)|| |Cost||||||| |At 1September 2019|34,867,762|76,118|995,897||35,939,777|| |Additions||||541,175|541,175|| |Disposals|||(27,572)||(27,572)|| |At 31August 2020|34,867,762|76,118|968,325|541,175|36,453,380|| |At 1September 2019|9,468,904|67,694|935,527||10,472,125|| |Charge for the year|697,323|4,415|26,859||728,597|| |Dispo|||(27,572)||(25,752)|| |At 31August 2020|10,166,227|72,109|934,814||11,173,150|| |At 31August 2020|24,701,535|4,009|33,511|541,175|25,280,230|| |At 1September 2019|25,395,859|8,424|60,370||25,290,230|| ## ## ||||Listed|Investments|Total| |---|---|---|---|---|---| ||Works|Woodlands|General &|Restricted|| ||ofArt||Designated||| ||(6)|(F-)|(E)|(6)|| |||Market|Market value|Market value|| |||value|||| |At 1September 2020|41,000|564,191|2,563,437|1,689,539|4,858,167| |Additions to investments|||||| |Management
Fees|||(13,988)|(11,658)|(25,646)| |Foreign exchange|||||| |Gains/(losses)||||(71,437)|(71,437)| |Draw down on investments||||(165,469)|(165,469)| |Unrealised
investment|||||| |Gains/(losses)|||407,001|237,900|644,901| |Market value at|||||| |31August 2021|41,000|564,191|2,956,450|1,678,875|5,240,516| |Historical cost to the|41,000|67,463|1,556,270|1,025,378|2,690,111| |charity|||||| |RIOR YEAR INVESTMENTS|CONSOLIDA|TED|||| |---|---|---|---|---|---| ||||Listed|Investments|Total| ||Works|Woodlands|General &|Restricted|| ||ofArt||Designated||| ||(E)|(E)|(E)|(E)|| |||Market value|Market value|Market value|| |At 1September 2019|41,000|173,317|2,602,384|1,562,653|4,379,354| |Additions
to investments||||200,000|200,000| |Management
Fees|||(12,835)|(12,037)|(24,872)| |Foreign exchange|||||| |Gains/(losses)||||(28,129)|(28,129)| |Draw down on investments||||(142,044)|(142,044)| |Unrealised
investment|||||| |Gains/(losses)||390,874|(26,112)|109,096|473,858| |Market value at|||||| |31August 2020|41,000|564,191|2,563,437|1,689,539|4,858,167| |Historical cost to the|41,000|67,463|1,556,270|1,025,378|2,690,111| |charity|||||| ## ## |||||Listed|Investments|~Total|| |---|---|---|---|---|---|---|---| |||Works of|Woodlands|General a|Restricted||| |||Art||Designated|||| |||(f)|(F-)|(F-)|||| ||||Market value|Market value|||| |At 1September 2020||41,000|564,191|2,563,436|1,046,674|4,215,301,|| |Management
Fees||||(13,988)|(8,151)|(22,139)|'| |Foreign exchange|||||||| |Gains/(losses)|||||(71,437)|(71,437)|| |Draw down on investments|||||(165,469)|(165,469)|| |Unrealised
investment|||||||| |Gains/(losses)||||407,001|135,831|542,832|| |Market value at|||||||| |31August 2021||41,000|564,191|2,956,449|937,448|4,499,088|| |RIOR YEAR INVESTMENTS CHARITY|||||||| |||||Listed|Investments|Total|| |||Works of|Woodlands|General L|Restricted||| |||Art||Designated|||| |||(f)|(f)|(f)|(f)||| ||||Market value|Market value|Market value||| |At 1September 2019||41,000|173,317|2,602,384|1,103,322|3,920,023|| |Management
Fees||||(12,835)|(9,146)|(21,981)|| |Foreign exchange|||||||| |Gains/(losses)|||||(28,129)|(28,129|| |Draw down on|||||||| |investments|||||(142,044)|(142,044)|| |Unrealised
investment|||||||| |Gains/(losses)|||390,874|(26,113)|122,671|487,432|| |Market value at|||||||| |31August 2020||41,000|564,191|2,563,436|1,046,674|4,215,301|| |.
INVESTMENT|IN SUBSIDIARIES||||||| |Cost 31August 2021|(31August 2020f1,100)||||Shares in Subsidiaries (f)
1,100||| ## ## ## |The company|also has the following|also has the following|subsidiary|undertakings:|undertakings:|||| |---|---|---|---|---|---|---|---|---| |||Class of|%of||Turnover|Nature of|Aggregate
of|| |||shares held|shares||&expenditure|business|capital and|| ||||held||||reserves at 31|| ||||||||August 2021(6)|| |Worth Abbey||Ordinary|100%||4,830|Planning
and|1,000|i| |Construction|Ltd|||||building||| |(incorporated|in|||||contractors||| |England)||||||||| |Worth Abbey||Ordinary|100%||209,090|General|(185,784)|| |Projects Ltd||||||commercial||| |(incorporated|in|||||company||| |England)||||||||| |Worth School|Lettings|0rdina ry|100%|||Letting of||| |Ltd||||||lands and||| |(an indirect subsidiary
incorporated
in||||||buildings||| |England||||||||| ## |||Consolidated|Charity|Consolidated|Charity,| |---|---|---|---|---|---| |||2021 (6)|2021 (6)|2020 (E)|2020 (6)| |Livestock||7,671||5,675|| |General|stores|124,536|2,042|143,055|61,598| |||132,207|2,042|148,730|61,598| ## ||||Consolidated|Charity|Cansa/idated|Charity|1| |---|---|---|---|---|---|---|---| ||||2021(6)|2021(6)|2020 (E)|2020 (6)|| |School fees and extras less bad debt provision|||161,262||178,601||| |VAT|||148||||| |Other debtors|||55,720|101|123,888|407|| |Amounts|owed by group undertakings|||673,489||730,488|| |Interest|rate cap financial asset||||||| |Prepayments||and accrued|||||| |Income|||302,843|34,258|298,406|47,859|| ||||519,973|707,848|600,895|778,754|i| ||12.
CREDITORS: amounts|falling due|falling due|within one year|||| |---|---|---|---|---|---|---|---| |||||Consolidated|Charity|Consolidated|Charity| |||||2021|2021|2020|2020| |||||(f)|(f)|(f)|(fj| ||Bank loans and overdraft|||66$,269|668,269|492,149|492,149| ||Fee prepayments
(note 14)|||590,348||606,821|| ||Acceptance deposits (note 14)|||447,515||515,613|| ||School fees and extras received||in advance|2,779,$67||2,389,336|| ||Trade creditors|||56$,034|45,121|497,742|37,037| ||Amounts
owed to Group Undertakings||||6,426,830||5,425,060| ||Other taxes and social security||costs|188,799|10,980|197,517|29,398| |,|Clubs and societies|||3,085||2,659|| ||Other creditors|||190,706||242,072|| ||VAT|||6,664|84|2,974|1,080| ||Accruals and deferred
income|||740,647|21,$76|$$1,058|59,306,| |||||6,183,934|7,173,160|5,827,941|6,044,030| ## |3.
CREDITOR|S: amounts
falling|due after more than o|ne year||| |---|---|---|---|---|---| |||Consolidated|Charity|Consolidated|Charity| |||2021|2021|2020|2020,| |||(f)|(f)|(f)|(f)| |Bank loan and overdraft||4,316,184|4,316,184|2,739,077|2,739,077| |Fee prepayments|(note 14)|453,599||402,586|| |Acceptance deposits||2,387,269||2,069,623|| |||7,157,052|4,316,184|5,211,286|2,739,077| ## ## ||||||2021|2020|1| |---|---|---|---|---|---|---|---| ||||||(6)|(EJ|'| ||Fee prepayments||||1,043,947|1,009,407|| ||Less: amount to be released|within one year|||(590,348)|(606,821/|i| |'|On account offees falling due||after more than one year||453,599|402,586|| ||Acceptance deposits||||2,834,784|2,585,236|| ||Less amounts
due to be repaid||in September||(447,515)|(515,613/|| ||Acceptance deposits and fee||prepayments|falling due after more than|2,840,868|2,472,209|| ||one year at 31August||||||| ||||At 1|Incoming|Resources|Investment|Investment|Transfers|At 31|| |---|---|---|---|---|---|---|---|---|---|---| ||||September|resources|expended|and foreign|||August|| ||||2020|||currency|||2021|| ||||(6)|(F)||gain/(loss)|(6)||(6)|i| ||Restricted
Funds|||||||||| ||Bursary Fund||816,759|52,235|(3509)|102,069||(12,285)|955,269|| ||Annual
Fund||40,563|4,505|(27,429)|||(3,750)|13,889|| ||Sports Facilities||12,151||||||12,151|| ||Outreach
Peru||1,069,309|50,658|(216,011)|58,927|||962,883|| ||6'"Form Centre||6,305,221|27,097|(8,587)||||6,323,731|| ||Otherfunds||15,460|3,814|(2,371)|||5,671|22,574|| ||Total||8259463|138309|~257 907|160|996|~10364|8290497|| ||ddddtdd|d||||||||| ||Hardship
fund||208,607|||||(85,124)|123,483|| ||Maintenance|fund|219,000|||||504,399|723,399|| ||Worth Society|||17,939|(13,742)|||105,368|109,565|| ||Friends ofWorth|||22,276|(12,439)|||25,449|35,286|| ||Church funds||610,947||(14,872)|||36,948|633,023|| ||Brighton project||578||(41,955)|||57,266|15,889|| |'|Other funds
Total||~1039132|~40 215|(252)
~26|||558
~644864|306
~1640951|| ## ||||At 1|Incoming|Resources|Investment|Transfers|At 31|| |---|---|---|---|---|---|---|---|---|---| ||||September|resources|expended|and foreign||August|| ||||2020|||currency||2021|| ||||(f)|||gain/(loss) (f)||(f)|| ||Restricted funds||||||||| ||Outreach
Peru||1,069,309|50,658|(216,011)|58,927||962,883|| ||6'"Form Centre||6,305,221|27,097|(8,587)|||6,323,731|| ||Otherfunds||15,460|3,814|(2,371)||5,671|22,574|| ||Total||~7389990|~$1569|~226 969|~58927|~5671|~7309188|I| ||~dd
tdF|d|||||||| ||Church fund||610,947||(14,872)||36,948|633023|I| ||Brighton project||578||(41,955)||57,266|15,889|| ||l Other funds||||(252)||558|306|| ||Charity||~611525||L557,007799||~94772|~649 21$|| ||PRIOR YEAR RESTRICTED AND DESIGNATED FUNDS||||||||| ||The 2020 restricted||and designated|funds ofthe Group and||the unexpended|balances|are as follow|s| ||||At 1|Incoming|Resources|Investment|Transfers|At31|'| ||||September|resources|expended|and foreign||August|| ||||2019|||currency||2020|| ||||(f)|||gain/(loss) (f)||(f)|l| ||Restricted
Funds||||||||| ||Bursary Fund||798,785|46,724|(2,891)|(13,574)|(12,285)|816,759|| ||Annual
Fund||43,755|21,954|(21,396)||(3,750)|40,563|| ||Sports Facilities||12,151|||||12,151|| |I|Outreach
Peru
6'"Form Centre||1,130,844
6,243,496|29,043
71,680|(209,934)
(9,955)|119,356||1,069,309
6,305,221|| ||Otherfunds||10,421|16,603|(11,564)|||15,460|| ||Total||8239452|186004|~255 740|~105782|~16035|8 259463|| ||~IF
\
tdF|d|||||||| ||Hardship
fund|||38,607|(38,607)||208,607|208,607|| ||Maintenance||||||219,000|219,000|| ||fund||||||||| ||Church fund||462,874|111,681|||36,392|610,947|| ||Brighton project|||42,986|(42,408)|||578|| ||Total||4~274|1
274|||~463999|~1039132|| ## ## ## ||At 1|Incoming|Resources|Investment|Transfers|At 31|'| |---|---|---|---|---|---|---|---| ||September|resources|expended|and foreign||August|| ||2020|||currency||2021|| ||(f)||(f)|gain/(loss) (f)||(f)|| |General fund|19,513,783|15,346,565|(15,376,176)|407,001|(634,500)|19,256,673|| |RIOR YEAR|CONSOLIDATED||||||| ||At 1|Incoming|Resources|Investment|Transfers|At 31|| ||September|resources|expended|and foreign||August|| ||2019|||currency||2020|| ||(f)||(f)|gain/(loss) (f)||(f)|| |General fund|19,745,489|16,747,774|(16,874,061)|342,545|(447,964)|19,513,783|| ## |HARITY||||||| |---|---|---|---|---|---|---| ||At 1|Incoming|Resources|Inv'estment|Transfers|At 31| ||September|resources|expended|and foreign||August| ||2020|||currency||2021| ||(f)|(6)|(f)|gain/(loss) (f)|(f)|(f)| |Generalfund|19,397,074|1,234,595|(1,721,324)|407,001|(100,433)|19,216,913| |RIOR YEAR|CHARITY|||||| ||At 1|Incoming|Resources|Investment|Transfers|At 31| ||September|resources|expended|and foreign||August| ||2019|||currency||2020| ||(f)||(f)|gain/(loss)
(f)||(f)| |Generalfund|19,544,902|1,291,716|(1,745,697)|342,545|(36,392)|19,397,074| ## ## ## ||Tangible fixed|Investments|Investments|Net current assets/|Long term|Total|| |---|---|---|---|---|---|---|---| ||assets|||(liabilities)|liabilities||| ||(E)||(6)|(E)|(E)|(E)|| |Restricted Funds|||||||| |Bursary Fund||741,426||213,843||955,269|| |Outreach
Peru||937,448||25,435||962,883|| |6'" Form Centre|4,199,910|||2,123,821||6,323,731|| |Sports facilities||||12,151||12,151|| |i Other restricted|||||||| |funds||||36,463||36,463|| ||4,199,910|1,678,874||2,411,713||8,290,497|| |~06
1 df
d|||||||| |I-lardship
fund||||123,483||123,483|I| |Maintenance
fund||||723,399||723,399|| |Worth Society||||109,565||109,565|| |, Friends ofWorth||||35,286||35,286|| |Church fund||||633,023||633,023|| |Brighton Project||||15,889||15,889|| |, Other funds||||306||306|| |||||1,640,951||1,640,951|| |General funds|26 426 849|3561|642|~3574766|~7257052|19256673|| |Total reserves|3D 626 759|~5240|516|~477 898|~7257 052|29 188121|| |AS AT31AUGUST|2020||||||| ||Tangible fixed|Investments||Net current assets/|Long term|Total|| ||assets|||(liabilities)|liabilities||| ||(6)|||(E)|(E)||| |Restricted
Funds|||||||| |Bursary Fund||642,865||173,894||816,759|| |Outreach
Peru||1,216,847||(147,538)||1,069,309|| |6'" Form Centre|541,176|||5,764,045||6,305,221|| |Sports facilities||||12,151||12,151|| |Other restricted|||||||| |funds||||56023||56023|| ||541,176|1,859,712||5,858,575||8,259,463|| |~07
1 df
d|||||||| |Hardship
fund||||208,607||208,607|| |Maintenance
fund||||219,000||219,000|| |Church fund||||610,947||610,947|| |Brighton Project||||578||578|| |||||~1039132||1039132|| |General funds|25 067 713|2998|455|~3342099|~5222 286|19513783|| |Total reserves|~20(~8|48|167|~3556 608|~212~2|28 812378|| ## ## ## |B)
CHARITY|AS AT 3|1AUGUST 202|1||||| |---|---|---|---|---|---|---|---| |||Tangible|Investments|Net current assets/|Long term|Total|i| |||fixed assets||(liabilities)|liabilities||| |||(6)||(6)|5)||| |Restricted
Funds|||||||| |6'"Form Centre||4,199,910||2,123,821||6,323,731|l| |i Outreach
Peru|||937,448|25,435||962,883|| |Other restricted|funds|||22,574||22,574|| |||4,199,910|937,448|2,171,830||7,309,188|| |~Oi
rdF|d||||||| |' Church fund||||633,023||633,023|| |Brighton Project||||15,889||15,889,|| |, Other funds||||306||306,|| |||||649,218||649,218|| |General
Funds||25,945,061|3,562,740|(5,974,704)|(4,316,184)|19,216,913|I| |, Total reserves||30,144,971|4,500,188|(3,153,656)|(4,316,184)|27,175,319|| |ASAT31AUGUST 2020|||||||| |||Tangible|Investments|Net current assets/|Long term|Total|| |||fixed assets||(liabilities)|liabilities||| |||(6)|(6)|(E)|(6)|(6)|| |' Restricted
Funds|||||||| |I 6'" Form Centre||541,176||5,764,045||6,305,221|I| |Outreach
Peru|||1,216,847|(147,537)||1,069,310|| |Other restricted|funds|||15,459||15,459,|| |||541,176|1,216,847|5,631,967||7,389,990|| |~oi
dr|d||||||| |Church fund||||610,947||610,947|| |Brighton Project||||578||578|| |General
Funds||24,739,054|3,168,628|(5,771,532)|(2,739,076)|19,397,074|| |Total reserves||25,280,230|4,385,475|471,960|(2,739,076)|27,398,589|| |18.
ANALYSIS OF CASH|FLOWS|FLOWS||| |---|---|---|---|---| |a)
Returns
on investments||and the servicing offinance|2021(6)|2020(6),| |Investment
income|Note|5a|101,479|117,836,| |Interest received|Note|Sa|27,097|71,680| |Interest
paid|Note|6c|(58,176)|(80,894)| |Net cash inflow/(outflow)|||70,400|108,622| ## |l|c)
Financing||2021(f)|2020 (f/| |---|---|---|---|---| ||Decrease/(Increase)|in parents'
acceptance deposits|(765,159)|15,439',| ||Decrease/ (Increase)|in new loans|(2,194,435)|| ||Decrease/(Increase)|in loan repayments|441,206|839,425| ||Net cash outflow||(2,518,388)|854,864| ## ||19. ANALYS|IS OF CHANGES
IN NET DEB|T||| |---|---|---|---|---|---| ||||At 31August|Cash flow|At31| ||||2020||August 2021| ||||(f)||(6)| |,|Cash in hand|and at bank|8,634,924|(2,625,272)|6,009,652| ||Loans due in|less than one year|(492,149)|(176,120)|(668,269)| ||Loans due after one year||(2,739,077)|(1,577,107)|(4,316,184)| ||Parents' acceptance deposits||(2,069,623)|(765,161)|(2,834,784)| ||Net Debt||3,334,075|(5,143,660)|(1,809,585)| ||PRIOR YEAR||||| ||||At 31August|Cash flow|At 31| ||||2019||August 2020| ||||(f)||(f)| ||Cash
in hand|and at bank|9,772,397|(1,137,473)|8,634,924| ||Loans due in|less than one year|(828,497)|336,348|(492,149)| ||Ioans due after one year||(3,242,151)|503,074|(2,739,077)| ||Parents' acceptance deposits||(2,085,064)|15,441|(2,069,623)| ||Net Debt||3,616,685|(282,610)|3,334,075| ## ## ## ## ||||||||Consolidated|Consolidated|Consolidated||Charity|Cansa//dated|Charity|'| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||2021||2021|2020|2020|| ||||||||||(6)||(6)|(f)|(8)|| ||Financial|assets measured||at||||||||||| ||amortised|cost|||||||6,067,350||3,311,545|8,758,812|5,845,120|| ||Financialliabilities||measured||at|||||||||| |'|amortised|cost||||||(13,340,985)||(5,062,514)||(21,039,227)|(3,358,046)|| ||Financial|assets measured|||at|arnortised||cost comprise||cash at bank,||trade debtors and other||| ||debtors.|||||||||||||| ||Financial|liabilities|measured|||at|amortised||cost comprise||bank loans,|trade creditors,|other|| ## ## ## ## ## ## ## ##