2021-08-31-accounts

	Page
Company information	1
Directors' report (incorporating the Strategic Report)	3
Independentauditor's report	27
Financial statements ofthe company	30

			Boys	Girls	Day	Boarding	2021	2020
							Total	Total
Woodard	incorporated	schools	4,574	3,649	6,152	2,071	8,223	8,167
Woodard	academies		3,264	3,187	6,451	-	6,451	6,324
TOTAL			7,838	6,836	12,603	2,071	14,674	14,491

	2021	2020
Energy consumption used to calculate emissions (kWh)	22,863,898	21,113,613
Energy consumption break down (kWh):
• gas	14,863,385	13,476,856
• oil	1,274,382	937,026
• electricity	6,096,255	6,080,655
•transportfuel	629,877	619,077
Scope 1 emissions in metric tonnes CO2e
Gas consumption	2,728.98	2,477.98
Oil consumption	332.86	245.22
Owned transport- mini-buses	165.49	157.72
Owned transport - maintenance machinery	2.47	0.92
Total Scope 1	3,229.80	2,881.84
Scope 2 emissions in metric tonnes CO2e
Purchased electricity	1,387.24	1,417.65
Scope 3 emissions in metric tonnes CO2e
Business travel in employee-owned vehicles	6.04	12.45
Business travel in taxis	0.83
Total gross emissions in metric tonnes CO2e	4,693.91	4,311.94
Intensity ratio Tonnes CO2e per pupil	0.53	0.51

	Notes	Unrestricted	Restricted	Endowed	Total	Total
		Funds	Funds	Funds	2021	2020
		£'000	£'000	£'000	£'000	£'000
Income and endowments from:
Charitable Activities
School fees receivable	2	137,106	(15)		137,091	128,718
Funding for academies' educational operations		483	37,472		37,955	34,760
Ancillary trading income	3	8,295	46		8,341	8,072
Other trading activities
Non-ancillary trading income	4	2,462			2,462	2,163
Investments
Investment income	5	105	9	13	127	85
Bank and other interest	6	6	13	48	67	239
Voluntary sources
Grants and donations	7	4,568	2,859	6	7,433	9,647
Other incoming resources	8	2,333			2,333	155
TOTAL INCOMING RESOURCES	24	155,358	40,384	67	195,809	183,839
Expenditure on:
Raising funds
Non-ancillary trading		3,152			3,152	3,019
Other income generating activities		716			716	761
Financing costs	10	1,784			1,784	2,062
Investment management		38	2	3	43	48
Fundraising and development		477			477	504
TOTAL DEDUCTIBLE COSTS		6,167	2	3	6,172	6,394
Charitable Activities
Education and grant making		148,892	41,717	58	190,667	180,824
TOTAL EXPENDITURE	9	155,059	41,719	61	196,839	187,218
Net gain/(losses) on investment assets	14	1,328	94	475	1,897	(97)
Net income/(expenditure)		1,627	(1,241)	481	867	(3,476)
Transfers between funds	24	(644)	655	(11)
Other recognised
gains/(losses)
Pension scheme actuarial (losses)/gains	27	80	(2,086)		(2,006)	(923)
Loss on disposal ofdiscontinued operations		(48)			(48)
Net Movement in funds for the year		1,015	(2,672)	470	(1,187)	(4,399)
Fund balances at1 September		134,259	89,538	3,374	227,171	231,570
FUND BALANCES AS AT 31AUGUST		135,274	86,866	3,844	225,984	227,171

	Notes	Notes	Unrestricted	Restricted	Endowed
			Funds	Funds	Funds	2021	2020
			£'000	£'000	£'000	£'000	£'000
Income and endowments from:
Charitable Activities
Ancillary trading income		3	5			5	19
Investments
Investment income		5	1			2	2
Bank and other interest		6	250			250	290
Other incoming resources		8	944			944	694
TOTAL INCOMING RESOURCES	24		1,200			1,201	1,005
Expenditure on:
Raising funds
Financing costs	10		24			24	19
Investment management			8			8	11
TOTAL DEDUCTIBLE COSTS			32			32	30
Charitable Activities
Education and grant making			2,107			2,107	1,432
TOTAL EXPENDITURE		9	2,139			2,139	1,462
Net gains on investment assets	14		126	49		176	(10)
Net income/(expenditure)			(813)	50		(762)	(467)
Transfers between funds	24
Net Movement in funds for the year			(813)	50		(762)	(467)
Fund balances at 1°' September			11,627	362	19	12,008	12,475
FUND BALANCES AS AT 31"AUGUST			10,814	412	20	11,246	12,008

	Note		Group	Company
		2021	2020	2021	2020
		£'000	£'000	£'000	£'000
FIXED ASSETS
Tangible assets	13	273,380	275,092	739	744
Investments	14	13,214	9,459	242	193
Fees inAdvancescheme	14	1,385	1,267	1,385	1,267
investments
Investment in subsidiaries	15			2	2
		287,979	285,818	2,368	2,206
CURRENT ASSETS
Stock		552	626
Debtors duewithin one year	16	9,660	10,529	6,622	6,587
Debtors dueafter morethan one	16	300
year
Cash at bank and in hand	29	44,430	36,926	3,086	4,362
		54,942	48,081	9,708	10,949
CURRENT LIABILITIES
Creditors payablewithin oneyear	17	(60,594)	(55,947)	(373)	(577)
NET CURRENT ASSETS/(LIABILITIES)		(5,652)	(7,866)	9,335	10,372
TOTAL ASSETS LESS CURRENT LIABILITIES		282,327	277,952	11,703	12,578
LONG TERM LIABILITIES
Creditors payable afteroneyear	18	(37,678)	(35,639)	(457)	(564)
Provisions for liabilities	27	(946)	(1,246)		(6)
TOTAL NET ASSETS
EXCLUDING PENSION		243,703	241,067	11,246	12,008
LIABILITY
Net pension liability	27	(17,719)	(13,896)
NET ASSETS		225,984	227,171	11,246	12,008
REPRESENTED BY:
UNRESTRICTED FUNDS	24	135,274	134,259	10,814	11,627
RESTRICTED FUNDS	24	86,866	89,538	412	362
ENDOWED FUNDS	24	3,844	3,374	20	19
		225,984	227,171	11,246	12,008

		2021	2020
	Notes	£'000	£'000
Cash flows from operating activities:
Net cash provided by operating activities	28	17,416	10,748
Cash flows from investing activities:
Dividends, interestand rents from investments		194	324
Proceeds fromthe sale ofproperty, plantand equipment		905	45
Purchase ofproperty, plant and equipment		(10,009)	(14,957)
Proceeds from sale of investments		1,083	374
Purchase ofinvestments		(3,059)	(121)
Net cash (used in) investing activities		(10,886)	(14,335)
Cash flows from financing activities:
Repayments ofborrowing		(1,600)	(1,740)
Cash inflows from new borrowing		5,720	5,457
Financing costs		(1,784)	(2,062)
Fees in advance- new contracts		3,022	3,342
Fees in advance- repayment ofdeposits		(241)	(347)
Fees in advance- paymentoffees		(3,911)	(3,879)
Net cash inflow from financing activities		1,206	771
Change in cash and cash equivalents in the year		7,736	(2,816)
Cash and cash equivalents at the beginning of the year		34,810	37,626
Cash and cash equivalents at the end of the year	29	42,546	34,810

CHARITABLE ACTIVITIES - SCHOOL FEES RECEIVABLE
	2021	2020
Group	£'000	£'000
The school fees income comprises
Gross fees	162,585	153,984
Less: Total scholarships, bursaries, etc	(25,880)	(25,644)
Add back: Scholarships, Grants etc paid for by Restricted Funds	386	378
	137,091	128,718

3.	**CHARITABLE ACTIVITIES-ANCILLARY TRADING **	INCOME
		2021	2020
	Group	£'000	£'000
	Extras	3,532	3,171
	Entrancefees and registration fees	489	452
	Pupil transport	1,085	941
	Rent receivable and related income	342	106
	Commissions and related income	306	313
	Sundry other income	2,587	3,089
		8,341	8,072
	Company
	Sundry other income	5	19
		5	19
4.	OTHER TRADING ACTIVITIES
		2021	2020
	Group	£'000	£'000
	Non-ancillary trading income
	Enterprise company trading turnover	1,902	1,705
	Lettings income	239	87
	Rents receivable	216	252
	Interest receivable - pupil bills	12	54
	Other non-ancillarytrading income	93	65
		2,462	2,163

				Total	Total
				2021	2020
Group	Unrestricted	Restricted	Endowed	£'000	£'000
	£'000	£'000	£'000
Securities
Equities	68	7	11	86	67
Fixed interest	30	2	2	34	18
Other	7			7
	105	9	13	127	85
Company
Securities
Equities				2	2
	1	1		2	2

				Total	Total
Group	Unrestricted	Restricted	Endowed	2021	2020
	£'000	£'000	£'000	£'000	£'000
Bank interest	6		1	7	120
Other interest		13	47	60	119
	6	13	48	67	239
				Total	Total
Company	Unrestricted	Restricted	Endowed	2021	2020
	£'000	£'000	£'000	£'000	£'000
Bank interest					22
Other interest	250			250	268
	250			250	290

				Total	Total
Group	Unrestricted	Restricted	Endowed	2021	2020
	£'000	£'000	£'000	£'000	£'000
Grants and donations	75	2,859	6	2,940	2,792
Governmentgrants:	4,493			4,493	6,855
CJRS
	4,568	2,859	6	7,433	9,647

				Total	Total
Company	Unrestricted	Restricted	Endowed	2021	2020
	£'000	£'000	£'000	£'000	£'000
Grants and donations

**OTHER INCOMING **	RESOURCES
				Total	Total
Group	Unrestricted	Restricted	Endowed	2021	2020
	£'000	£'000	£'000	£'000	£'000
Other incoming	2,333			2,333	155
resources
	2,333			2,333	155
				Total	Total
Company	Unrestricted	Restricted	Endowed	2021	2020
	£'000	£'000	£'000	£'000	£'000
Corporation levy	799			799	694
Other incoming	145			145
resources
	944			944	694

a) Total expenditure
Group	Staff costs	Support	Depreciation	Total	Total
	(note 11)	Costs	(note 13)	2021	2020
	£'000	£'000	£'000	£'000	£'000
Costs of raising funds
Non ancillary trading	1,519	1,472	161	3,152	3,019
Other income generating	444	272		716	761
activities
Financing cost (note 10)		1,784		1,784	2,062
Investment management		43		43	48
Fundraising and	318	159		477	504
development
Total cost of generating funds	2,281	3,730	161	6,172	6,394
Charitable expenditure
Teaching	92,485	9,549	1,386	103,420	100,827
Welfare	7,667	8,124	1,796	17,587	15,629
Premises	7,998	24,569	6,335	38,902	30,923
School administration	19,649	9,630	509	29,788	32,831
Donations		11 O		110	77
Grants awards and prizes		80		80	68
(note 9b)
Governance		780		780	469
Total charitable expenditure	127,799	52,842	10,026	190,667	180,824
Total Expenditure	130,080	56,572	10,187	196,839	187,218
Company	Staff costs	Support	Depreciation	Total	Total
	(note 11)	Costs	(note 13)	2021	2020
	£'000	£'000	£'000	£'000	£'000
Costs of raising funds
Financing cost (note 1O)		24		24	19
Investment management		8		8	11
Total cost of generating funds		32		32	30
Charitable expenditure
School administration	697	1,313		2,010	1,344
Premises			5	5	5
Donations		91		91	79
Grants awards and prizes		1		1	2
(note 9b)
Governance					2
Total charitable expenditure	697	1,405	5	2,107	1,432
Total Expenditure	697	1,437	5	2,139	1,462

	2021	2020
	£'000	£'000
From Endowed Funds:
Bursaries and other grants and awards		10
From Restricted Funds:
Other grantsand awards	21	8
Prizes and leaving awards	9	4
From Unrestricted Funds:
Other grants and awards	8	11
Prizes and leaving awards	42	35
	80	68
Company
From Unrestricted Funds:
Prizes and leaving awards	1	1
From Endowed Funds:
Prizesand leaving awards		1
	1	2

	2021	2020
	£'000	£'000
Remuneration paid to auditorfor auditservices	425	378
Remuneration paid to auditorfor prior year		19
Remuneration paid to auditor for non-auditservices	29
Depreciation oftangible fixed assets:
- owned bythe Charitable Company	10,068	9,830
- held under finance leases and hire purchase contracts	119	191
(Profit) on disposal offixed assets	(629)	(7)
Operating lease rentals:
- land and buildings	41	247
- other assets	338	653
Reimbursement ofpersonal expensesto directors	3	13

Remuneration paid to auditor for audit services	53	100
Remuneration paid to auditorfor prior year		19
Depreciation oftangible fixed assets:
- owned by the Charitable Company	5	5
Operating lease rentals:
- other assets	3	2
Reimbursement ofpersonal expenses to directors	1	2
FINANCING COSTS
	2021	2020
Group	£'000	£'000
Bank interest payable	728	768
Other interestpayable	115	150
Fees In Advance debtfinancing costs	74	132
Lease finance costs	11	14
Pension Schemefinancing cost	1	186
Bank charges	188	267
Otherfinance costs	135	53
Provision for bad and doubtful debts	532	492
	1,784	2,062
Company
Fees In Advance debtfinancing costs	23	18
Bank charges	1	1
Other finance costs
	24	19

STAFF COSTS
	2021	2020
Group	£'000	£'000
The aggregate payroll costs forthe yearwere:
Wages and salaries	102,832	100,554
Social security costs	9,719	9,444
Other pension costs	17,403	17,813
Private medical insurance	126	110
	130,080	127,921
Company
The aggregate payroll costs forthe year were:
Wages and salaries	582	646
Social security costs	68	75
Other pension costs	47	60
Private medical insurance		1
	697	782

Company	2021	2020
	£'000	£'000
The following trustees were paid emoluments:
Chairman
President	5	5

	2021	2020
	£'000	£'000
Group - Aggregate employee benefits ofkey management personnel	6,476	6,192
Company - Aggregate employee benefits ofkey management	365	414
personnel

	2021	2021	2020	2020
	Group	Company	Group	Company
	No.	No.	No.	No.
Teaching	1,709		1,674
Other activities	2,075	8	2,249	9
	3,784	8	3,923	9

	2021	2021	2020	2020
	Group	Company	Group	Company
	No.	No.	No.	No.
£60,001 -£70,000	71	1	52
£70,001 -£80,000	26	1	25
£80,001 - £90,000	9		11
£90,001 - £100,000	10		7
£100,001 -£110,000	7		7
£110,001 -£120,000	5		5
£120,001 -£130,000	3		3
£130,001-£140,000	1
£140,001-£150,000	3	1	2
£150,001 -£160,000	1	1	1
£170,001 -£180,000			2
£190,001 -£200,000	1		1
£200,001 -£210,000	1
£220,001 - £230,000	1
£250,001 - £260,000
£270,001 - £280,000	1
- in Defined Contribution schemes was	67	3	27	3
Ofwhich the contributions amountedto:	£447,000	£20,000	£216,000	£23,000
- in Defined Benefitschemes was	66	1	87	1
Ofwhich the contributions amounted to:	£1,121,000	£18,000	£1,557,000	£29,000

Group	Freehold	Leasehold		Fixtures,
	Land &	Land &	Under	Fittings &	Computer	Motor
	Buildings	Buildings	Construction	Equipment	Equipment	Vehicles	Total
	£'000	£'000	£'000	£'000	£'000	£'000	£'000
Cost or valuation
At 1°' September 2020	177,730	112,734	9,880	33,160	18,297	1,818	353,619
Additions	928		4,159	3,045	1,783	94	10,009
Disposals	(1,396)		(97)	(2,436)	(6,836)	(69)	(10,834)
Transfers	8,344		(9,361)	1,017
At 31°August 2021	185,606	112,734	4,581	34,786	13,244	1,843	352,794
Depreciation
At 1" September 2020	21,769	15,694		24,711	14,871	1,482	78,527
Chargefortheyear	3,645	2,346		2,211	1,787	198	10,187
Disposals	(118)			(2,288)	(6,830)	(64)	(9,300)
At 31°August 2021	25,296	18,040		24,634	9,828	1,616	79,414
Net book value
at 31°' August	160,310	94,694	4,581	10,152	3,416	227	273,380
2021
Net bookvalue at 31"August2020	155,961	97,040	9,880	8,449	3,426	336	275,092

13.	TANGIBLE FIXED ASSETS (Continued)
	Company	Freehold
		Land &	Total
		Buildings	2021
		£'000	£'000
	Cost
	At 1 September 2020 and at 31August 2021	775	775
	Depreciation
	At 1 September 2020	31	31
	Charge for the year	5	5
	At 31August 2021	36	36
	Net book value at 31°August 2021	739	739
	Net book value at 31°August 2020	744	744

INVESTMENTS
Group	Fees in Advance				Total
	Investments		Investments		Investments
	2021	2020	2021	2020	2021	2020
	£'000	£'000	£'000	£'000	£'000	£'000
Group investments
At 1° September	1,267	1,250	9,459	9,826	10,726	11,076
Newmoney invested	999		1,809	157	2,808	157
Reinvested income			74	93	74	93
Amounts extracted	(1,008)		(75)	(374)	(1,083)	(374)
Investment	5		(34)	(45)	(29)	(45)
management fees
Realised gains/{losses)	77		260	(3)	337	(3)
on investments
Unrealised	45	17	1,515	(111)	1,560	(94)
gains/(losses) on
investments
Movement in			206	(84)	206	(84)
uninvested cash
Group investments at 31°'August	1,385	1,267	13,214	9,459	14,599	10,726
Group	Fees in Advance				Total
	Investments		Investments		Investments
	2021	2020	2021	2020	2021	2020
	£'000	£'000	£'000	£'000	£'000	£'000
Investments comprise:
Listed investments
Fixed Interest	412		620	1,008	1,032	1,008
Equities	284		10,516	6,864	10,800	6,864
Unlisted investments
Land and buildings			645	645	645	645
Other	584	1,267	1,046	852	1,630	2,119
Cash	105		387	90	492	90
Group investments at 31August	1,385	1,267	13,214	9,459	14,599	10,726

Company	Fees in Advance	Fees in Advance			Total
	Investments		Investments		Investments
	2021	2020	2021	2020	2021	2020
	£'000	£'000	£'000	£'000	£'000	£'000
Company
investments
At1 September	1,267	1,250	193	220	1,460	1,470
New money invested	999				999
Reinvested income
Amounts extracted	(1,008)		(5)		(1,013)
Investment	5				5
management fees
Realised gains on	77				77
investments
Unrealised	45	17	54	(27)	99	(1O)
gains/{losses) on
investments
Movement in
uninvested cash
Company
investments at 31°	1,385	1,267	242	193	1,627	1,460
August

Company	Fees in Advance	Fees in Advance			Total
	Investments		Investments		Investments
	2021	2020	2021	2020	2021	2020
	£'000	£'000	£'000	£'000	£'000	£'000
Investments comprise:
Listed investments
Fixed Interest	412				412
Equities	284		244	180	528	180
Unlisted investments
Other	584	1,267		13	584	1,280
Cash	105				105
Company
investments at 31%'	1,385	1,267	244	193	1,629	1,460
August

Owned Companies
Name	Charity	Company
	Number	Number
Woodard Corporation Trustee Company Limited		380961
(former holding company)
Woodard Endowment Fund	288472
Educational Charitable Companies
ABS Realisations Limited (formerly Abbots Bromley School Limited}1	1103321	5018628
Ardingly College Limited2	1076456	3779971
Bloxham School Limited?	1076484	3779976
The Cathedral School (Llandaff} Limited4	1103522	5091977
Denstone College Limited5	1102588	5010957
Ellesmere College Limited6	1103049	5066406
Hurstpierpoint College Limited7	1076498	3779893
King's Schools Taunton Limited8	1103346	5084301
The King's School Tynemouth Limited	269665	1182631
Lancing College Limited9 The Peterborough School Limited1º	1076483 269667	3779985 1182629
Prestfelde School Limited11	1102931	5023969
Queen Mary's School (Baldersby) Limited12	109841O	4806128
SJS Realisations Limited (formerly St James' School, Grimsby Limited}13	1099060	4788370
Smallwood Manor Preparatory School Limited14	1102929	5035260
Woodard Schools (Midland Division) Limited	269671	1182630
Woodard Schools (Nottinghamshire) Limited15	1103326	5011039
Woodard Schools (Western Division) Limited	269669	1182633

Dandelion Enterprises Limited (formerly Abbots Bromley School Enterprises Limited)	Dandelion Enterprises Limited (formerly Abbots Bromley School Enterprises Limited)	5181898
Ardingly College International Limited		11540470
Ardingly Projects Limited		1931797
Bloxham School Library Services Limited		5174043
Bloxham Enterprises Limited		2095047
Buxbrass Limited		1570797
Denstone College Enterprises Limited		5181951
Ellesmere College Enterprises Limited		5181897
Ellesmere College International Limited		8512074
Hurst Facilities Limited		1320729
Hurst International Limited		9425343
Hurst Transport Limited		7914424
King's College Schools International Limited		9749938
Lancing College Preparatory School at Worthing Limited		8808550
Newdom Developments (Holdings) Limited		7290437
Prestfelde School Enterprises Limited		5181895
Smallwood Manor Enterprises Limited		5181896
WST Enterprises Limited		5181894
Woodard Facilities (Southern Division) Limited		1320729
Woodard Lettings (Yorkshire Schools} Limited		1746376
Woodard Schools (Nottinghamshire) Enterprises Limited		5181900
Subsidiary Fund Raising Charities
Ellesmere College Endowment Fund	506533
Lancing College Development Fund	310896

Woodard AcademiesTrust16	Exempt	6415729
Woodard AcademiesTrust (Trading) Limited		08434771
Superscript number denotes school company per page 2

DEBTORS
	Group		Company
	2021	2020	2021	2020
	£'000	£'000	£'000	£'000
Amounts due within one year
School fees receivable	4,077	4,102
Trade debtors	473	848
Other debtors	616	1,186		47
Prepayments and accrued income	4,173	4,084	7	21
Tax recoverable	321	309
Amounts due from subsidiary			6,615	6,519
companies
	9,660	10,529	6,622	6,587
	Group		Company
	2021	2020	2021	2020
	£'000	£'000	£'000	£'000
Amounts due after one year
Deferred consideration	300
	300

	Group		Company
	2021	2020	2021	2020
	£'000	£'000	£'000	£'000
Bank loans and overdrafts	10,921	8,603
Net obligations under finance leases	127	182
Deposits from parents	3,580	3,786
Fees received from parents in	17,960	15,495
advance ofterm
Trade creditors	6,425	6,745	7	36
Taxation and social security	2,128	2,582	16	16
Other creditors	2,726	2,614	(2)	28
Fees in Advance Scheme (note 20)	3,625	3,994	283	314
Accruals	5,892	4,686	54	130
Deferred income	7,210	7,260
Amounts due to subsidiary			15	53
companies
	60,594	55,947	373	577

Summary of movements in deferred income	Group
	£'000
Balance at 1° September 2020	7,260
Amounts arising in year	7,168
Amounts transferred to SOFA	(7,218)
Balance at 31°' August 2021	7,210

	Group		Company
	2021	2020	2021	2020
	£'000	£'000	£'000	£'000
Bank loans and overdrafts	22,587	20,902
Other loans	2,035	2,050
Netobligations under finance leases	113	158
Deposits from parents	9,576	8,338
Other creditors	135	198
Fees in Advance Scheme (note	3,232	3,993	457	564
20)
	37,678	35,639	457	564

		Group	Group
		2021	2020
		£'000	£'000
The	bank loans are repayable in instalments
Due	after 5 years	8,006	9,126
Due	within 2 to 5 years	11,772	9,546
Due	within 1 to 2 years	2,809	2,230
Due	after more than one year	22,587	20,902
Due	within 1 year	9,037	6,487
		31,624	27,389

		Group		Company
		2021	2020	2021	2020
		£'000	£'000	£'000	£'000
	After 5 years	298	420	8	20
	Within 2 to 5 years	1,314	1,533	233	308
	Within 1 to 2 years	1,620	2,040	216	236
		3,232	3,993	457	564
	Within 1 year	3,625	3,994	283	314
		6,857	7,987	740	878
	Summary of movements in liability			Group	Company
				£'000	£'000
	Balance at 1° September 2020			7,987	878
	Newcontracts			3,022	178
	Repayments			(241)	(3)
	Amounts used to pay fees			(3,949)	(324)
	Amount accrued to contract as debtfinancing cost			38	11
	Balance at 31°August 2021			6,857	740
21.	FINANCE LEASE OBLIGATIONS
				Group	Group
				2021	2020
				£'000	£'000
	The total future minimum lease payments are payable:
	After 5 years
	Within 2 to 5 years			46	31
	Within 1 to 2 years			67	127
	Due after more than one year			113	158
	Within 1 year			127	182
				240	340

Group 31°'August 2021				Total	Total
	Unrestricted	Restricted	Endowed	2021	2020
	£'000	£'000	£'000	£'000	£'000
Tangible fixed assets	181,015	92,076	289	273,380	275,092
Investments	9,083	1,054	3,077	13,214	9,459
Fees in Advance Scheme	1,385			1,385	1,267
investments
Net current assets/(liabilities)	(16,313)	10,183	478	(5,652)	(7,866)
Long term liabilities	(39,896)	(16,447)		(56,343)	(50,781)
	135,274	86,866	3,844	225,984	227,171
Group 31°'August 2020				Total	Total
	Unrestricted	Restricted	Endowed	2020	2019
	£'000	£'000	£'000	£'000	£'000
Tangible fixed assets	180,417	94,385	290	275,092	270,207
Investments	6,741	395	2,323	9,459	9,826
Fees in Advance Scheme	1,267			1,267	1,250
investments
Net current assets/(liabilities)	(15,956)	7,329	761	(7,866)	(2,850)
Long term liabilities	(38,21 O)	(12,571)		(50,781)	(46,863)
	134,259	89,538	3,374	227,171	231,570

Company 31° August 2021				Total	Total
	Unrestricted	Restricted	Endowed	2021	2020
	£'000	£'000	£'000	£'000	£'000
Tangible fixed assets	739			739	744
Investments	22	208	14	244	195
Fees in Advance Scheme investments	1,385			1,385	1,267
Net current assets	9,125	204	6	9,335	10,372
Long term liabilities	(457)			(457)	(570)
	10,814	412	20	11,246	12,008

Company 31° August 2020				Total	Total
	Unrestricted	Restricted	Endowed	2020	2019
	£'000	£'00O	£'000	£'000	£'000
Tangible fixed assets	744			744	749
Investments	25	157	13	195	222
Fees in Advance Scheme	1,267			1,267	1,250
investments
Net current assets	1 O,161	205	6	10,372	11,041
Long term liabilities	(570)			(570)	(787)
	11,627	362	19	12,008	12,475

	At 1st					At 31°
Group	Sept	Incoming	Resources		Gains/	August
	2020	resources	expended	Transfers	(losses)	2021
	£'000	£'000	£'000	£'000	£'O0O	£'000
Unrestricted Funds
Pension Funds	(1,325)	41			12	(1,272)
Appeal Funds	1,883	63	(158)		147	1,935
Scholarship, bursary	1			3		4
and prize trustfunds
Advance Fees Fund	777	293	(245)		122	947
Other Funds	3,785	2,518	(2,659)		545	4,189
General Reserve	129,519	151,746	(151,009)	(647)	534	130,143
	134,640	154,661	(154,071)	(644)	1,360	135,946
Trading companies'	(381)	697	(988)			(672)
assets
Total Unrestricted	134,259	155,358	(155,059)	(644)	1,360	135,274
Restricted Funds
Scholarship, bursary and prize trustfunds	1,104	305	(11)		92	1,490
Building and Development Funds	95,308	39,025	(39,465)			94,868
Pension Funds	(12,571)		(1,790)		(2,086)	(16,447)
Other Restricted Funds	5,697	1,054	(453)	655	2	6,955
Total Restricted	89,538	40,384	(41,719)	655	(1,992)	86,866
Endowed
Scholarship, bursary and prize funds	3,086	51	(53)		456	3,540
Otherfunds	288	16	(8)	(11)	19	304
Total Endowment	3,374	67	(61)	(11)	475	3,844
Total Funds	227,171	195,809	(196,839)		(157)	225,984

	At 1st					At 31%
Company	Sept	Incoming	Resources		Gains/	August
	2020	resources	expended	Transfers	(losses)	2021
	£'000	£'000	£'000	£'000	£'000	£'000
Unrestricted Funds
Advance Fee
Contracts	444		(32)		122	534
Festival Fund	19				4	24
Wilkes Prize Fund	1					1
General Reserve	11,163	1,199	(2,107)			10,255
Total Unrestricted	11,627	1,200	(2,139)		126	10,814
Restricted Funds
Scholarship, bursary and prizetrustfunds	362				49	412
Total Restricted	362				49	412
Endowed - Expendable
Trustfunds	19					20
Total Endowment	19					20
Total Funds	12,008	1,201	(2,139)		176	11,246

Group	**Land and **	buildings	Other
	2021	2020	2021	2020
	£'000	£'000	£'000	£'000
Expiry date:
Within 1 year	67	215	770	813
Between 1 and 5 years	261	578	1,342	1,543
After 5 years	2,303	2,427	66	77
	2,631	3,220	2,178	2,433
Company	2021	2020	2021	2020
	£'000	£'000	£'000	£'000
Expiry date:
Within 1 year				2
Between 1 and 5 years
After 5 years
				2

CAPITAL COMMITMENTS
At31S August 2021,the group had capital commitments as follows:	2021	2020
	£'000	£'000
Expenditure contracted for but notprovided in the accounts	347	1,402

Allocation of the Pension Deficit for the Year
	2021	2020
The deficitforthe year arises from the following schemes:	£'000	£'000
Ardingly College	(1,272)	(1,325)
Local Government Pension Scheme Liability	(16,447)	(12,571)
Per Balance Sheet	(17,719)	(13,896)

	2021	2020
Inflation assumption	3.6%	3.2%
Rate ofincrease in salaries	4.6%	4.2%
The assumed rate ofincrease to pensions in deferment	3.6%	3.2%
The assumed rate of interest to pensions in payment	3.5%	3.1%
Assumed rate used to discountscheme liabilities	1.6%	1.7%
Average life expectancy	90.0	90.4

	2021	2020
	£'000	£'000
Total marketvalue ofassets	3,327	3,279
Presentvalue of liabilities	(4,599)	(4,604)
Deficit	(1,272)	(1,325)

	2021	2020
	£'000	£'000
Currentservice cost	33	47
Net interest on defined benefit liability	22	33
Expenses paid fromthe scheme	8	8
Total Cost	63	88
Analysis of amount recognised in other comprehensive income:
	2021	2020
	£'000	£'000
Actual return on assets	86	136
Return on assets included in net interest	(55)	(60)
Assetgain/(loss)	31	76
Liability experience gain/(loss)	124	220
Change ofassumptions (loss)/gain	(135)	118
Remeasurement gain/(loss) in comprehensive income	20	414
Changes in the present value of the defined benefit liabilities are:
	2021	2020
	£'000	£'000
Opening value of liabilities	4,604	4,882
Interestcost	77	92
Service cost(including member contributions)	38	54
Experience (gain)/loss	(124)	(220)
Change ofassumptions (gain)/loss	135	(118)
Benefits paid	(131)	(86)
Closing value ofliabilities	4,599	4,604
Changes in the fair value of the assets are as follows:
	2021	2020
	£'000	£'000
Opening value ofassets	3,279	3,146
Expected return	55	60
Assetgain	31	76
Contributions byemployer	96	84
Contributions by members	5	7
Benefits paid	(131)	(86)
Expenses paid from the scheme	(8)	(8)
Closing value ofassets	3,327	3,279

	At 31°'Aug	At	31Aug
	2021		2020
Equities	35.7%		31.6%
Gilts	12.6%		12.4%
Bonds	28.2%		29.5%
Property	6.6%		8.1%
Cash	0.6%		0.3%
Annuities	16.3%		18.1%
Total	100%		100%
Amounts for the current and previous periods:
		2021	2020
		£'000	£'000
Presentvalue ofliabilities		(4,599)	(4,604)
Total marketvalue ofassets		3,327	3,279
Deficit		(1,272)	(1,325)
Experience gain/(loss) on assets		31	76
Experience loss/(gain) on liabilities		124	220

	2021	2020
	£'000	£'000
Total market value ofassets	32,109	25,917
Presentvalue of liabilities	(48,556)	(38,488)
Deficit	(16,447)	(12,571)

		2021	2020
		£'000	£'000
Employer's	contributions	1,442	1,219
Employees'	contributions	410	346
		1,852	1,565

	2021	2020
	£'000	£'000
Rate of increase in salaries	3.3%-4.1%	2.6%-3.7%
Rate of increase for pensions in payment/inflation	2.6%-2.9%	2.2%-2.3%
Discount rate for scheme liabilities	1.7%	1.6%-1.7%
Mortality assumptions

	At 31°'August		At31%August
	2021		2020
Retiring today
Males	21.4-22.3 years	21.2-22.2 years
Females	23.6-25.1 years	23.6-25.0 years
Retiring in 20 years
Males	22.5-23.6 years	22.1-23.5 years
Females	25.1-26.9 years	25.0- 26.8 years
he trust's share of the assets in the scheme
		2021	2020
		£'000	£'000
Equities		18,272	14,998
Bonds		9,514	7,531
Property		2,569	2,027
Cash		1,203	1,125
Other		551	236
Total fair value of assets		32,109	25,917

mounts recognised in the Statement of Financial Activities
	2021	2020
	£'000	£'000
Current service cost	3,000	2,557
Net interestcost	214	183
Past service cost	18	54
Total operating charge	3,232	2,794
hanges in the present value of defined benefit obligations were as follows:
		2021
		£'000
At1 September 2020		38,488
Current service cost		3,000
Interest cost		662
Employee contributions		410
Actuarial (gain)/loss		6,534
Benefits paid		(556)
Pastservice cost		18
At31August 2021		48,556

anges in the fair value of the academy's share of scheme assets:
	2021
	£'000
At 1s September 2020	25,917
Interest income	448
Return on plan assets (excluding net intereston the net defined pension	4,448
liability)
Employer contributions	1,442
Employee contributions	410
Benefits paid	(556)
At 31"August 2021	32,109

	Group		Company
	2021	2020	2021	2020
	£'000	£'000	£'000	£'000
TPT RetirementSolutions Growth Plan	887	1,181		6
TPT Retirement Solutions Independent	59	65
Schools Pension Scheme
	946	1,246		6

Present Values of Provision		2021	2020
		£'000	£'000
Presentvalue ofprovision		887	1,181
		2021	2020
Reconciliation of opening and closing provisions		£'000	£'000
Provision at 1° September		1,181	1,407
Unwinding ofthe discountfactor		5	12
Deficitcontribution paid		(263)	(249)
Remeasurements - impact ofany change in assumptions		(1)	11
Remeasurements - amendments to the contribution schedule		(35)
Provision at 31% August		887	1,181
		2021	2020
Income and expenditure impact		£'000	£'000
Interestexpense		4	10
Unwinding ofthe discount factor		5	12
Remeasurements - impactofany change in assumptions		(1)	11
Remeasurements - amendments to the contribution schedule		(35)
Contributions paid in respectoffuture service
Costs recognised in income and expenditure account		(18)	(16)
Assumptions	2021	2020	2018
	% per	% per	% per
	annum	annum	annum
Rate ofdiscount	0.63	0.55	0.97

	2021	2020
	£'000	£'000
Year1	258	257
Year2	259	265
Year3	266	272
Year4	113	281
Year 5		119

27.	PENSION SCHEMES (Continued)
	Present Values of Provision		2021	2020
			£'000	£'000
	Presentvalue ofprovision		59	65
	Reconciliation of opening and closing provisions		2021	2020
			£	£
	Provision at 1s September		65	70
	Unwinding ofthe discount factor		1	1
	Deficitcontribution paid		(6)	(6)
	Remeasurements - impactofanychange in assumptions		(1)
	Remeasurements - amendmentsto the contribution schedule
	Provision at 31° August		59	65
	Income and expenditure impact		2021	2020
			£	£
	Interestexpense		1	1
	Unwinding ofthe discount factor		1	1
	Remeasurements - impact ofany change in assumptions		(1)	1
	Remeasurements - amendmentsto the contribution schedule
	Contributions paid in respectoffuture service		1	1
	Costs recognised in income and expenditure account
	Assumptions	2021	2020	2019
		% per	% per	% per
		annum	annum	annum
	Rate ofdiscount	1.09	0.90	1.10

scheme at each year end period:
	2021	2020	2018
	£'000	£'000	£'000
Year1	6	6	6
Year2	7	6	6
Year3	7	7	6
Year4	7	7	6
Year 5	7	7	6
Year6	7	7	6
Year 7	8	7	7
Year8	8	8	7
Year9	5	8	7
Year 10		5	7

	NET CASH INFLOW FROM OPERATIONS
		2021	2020
		£'000	£'000
	Net income for the period (as per the Statement of Financial Activities)	867	(3,476)
	Adjustments for:
	Depreciation charges	10,187	10,020
	(Gains)/losses on investments	(1,897)	97
	Dividends, interest, and rents from investments	(194)	(324)
	Financing costs	1,784	2,062
	Loss on the sale offixed assets	629	7
	Defined benefit pension scheme	(2,006)	(923)
	Gain on disposal ofbusiness	(48)
	Decrease/(increase) in stocks	74	70
	Decrease in debtors	569	5,788
	lncrease/(decrease) in creditors	7,451	(2,573)
	Net cash provided by operating activities	17,416	10,748
29.	ANALYSIS OF CASH AND CASH
	EQUIVALENTS
		At 31°Aug	At31Aug
		2021	2020
		£'000	£'000
	Cash in hand and at bank	44,430	36,926
	Overdraft facilities repayable on demand	(1,884)	(2,116)
		42,546	34,810

ANALYSIS OF CHANGES IN NET DEBT
			Other non-
	At 1 Sept		cash	At 31°
	2020	Cash flows	changes	Aug 2021
	£'000	£'000	£'000	£'000
Cash and cash equivalents
Cash	36,926	7,504		44,430
Overdraft facility repayable	(2,116)	232		(1,884)
on demand
	34,810	7,736		42,546
Borrowings
Loans falling due within one	(6,487)	(2,550)		(9,037)
year
Loans falling due after more	(20,902)	(1,685)		(22,587)
than one year
Finance lease obligations	(340)	100		(240)
	(27,729)	(4,135)		(31,864)
Total	7,081	3,601		10,682

Year Ended 31° August 2020	Unrestricted	Restricted	Endowed	Total
	£'000	£'000	£'000	£'000
Income and endowments
from Charitable activities
School fees receivable	128,734	(16)		128,718
Funding for academies	355	34,405		34,760
educational operations
Ancillary trading income	8,028	44		8,072
Other trading activities
Non-ancillary trading income	2,163			2,163
Investments
Investment income	49	13	23	85
Bank and other interest	170	18	51	239
Voluntary sources
Grants and donations	7,638	2,009		9,647
Other incoming resources	155			155
Total Incoming Resources	147,292	36,473	74	183,839
Expenditure on:
Raising funds
Non ancillary trading	3,019			3,019
Other income generating	761			761
activities
Financing costs	2,062			2,062
Investment management	42	4	2	48
Fundraising and development	504			504
Total Deductible Costs	6,388	4	2	6,394
Charitable activities
Education and grant making	141,616	39,151	57	180,824
Total expenditure	148,004	39,155	59	187,218
Net gains on investment assets	(56)	(48)	7	(97)
Net income/(expenditure)	(768)	(2,730)	22	(3,476)
Transfers between funds	20		(20)
Other recognised
gains/(losses)
Pension scheme actuarial	406	(1,329)		(923)
losses)
Net movement in funds for the year	(342)	(4,059)	2	(4,399)
Fund balances at 1s September	134,601	93,597	3,372	231,570
Fund Balances as at 31st August	134,259	89,538	3,374	227,171