# 



## 

||**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'<br>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**<br>**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<br>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<br>(losses)/gains|27|80|(2,086)||**(2,006)**|(923)|
|Loss on disposal ofdiscontinued<br>operations||(48)|||**(48)**||
|**Net Movement in funds for the**<br>**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**<br>**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**<br>**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**<br>**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**<br>**ASSETS/(LIABILITIES)**||**(5,652)**|(7,866)|**9,335**|10,372|
|**TOTAL ASSETS LESS CURRENT**<br>**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<br>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)<br>**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**<br>**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**<br>**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**<br>**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**<br>**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<br>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**<br>**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**<br>**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<br>The Peterborough School Limited1º|1076483<br>269667|3779985<br>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<br>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<br>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<br>and prize trustfunds|1,104|305|(11)||92|**1,490**|
|Building and<br>Development Funds|95,308|39,025|(39,465)|||**94,868**|
|Pension Funds|(12,571)||(1,790)||(2,086)|**(16,447)**|
|Other Restricted<br>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<br>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<br>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**<br>**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**<br>**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**<br>**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**<br>**August**|**134,259**|**89,538**|**3,374**|**227,171**|





## 

## 

## 

## 

## 

## 

## 

## 



## 

##