|Contents|||||| |---|---|---|---|---|---| |Introduction
from the Headmaster|||||| |Trustees,
Officers and Advisors|||||| |Report ofthe Governing
Body.|||||| |Directors' Report|||||| |Strategic Report|||||| |Independent
Auditor's
Report to the|Members|and Governors|of Wellingborough|School ..|...14| |Consolidated
Statement of Financial|Activities||||18| |Consolidated
Income 5Expenditure|Account||||19| |Consolidated
Balance Sheet at 31August 2021.|||||20| |School Balance Sheet at 31August|2021||||21| |Consolidated
Statement of Cash Flows.|||||22| |Notes to the Financial Statements.|||||23| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |ollowing
served as Council members
du|ring
the year ending|ring
the year ending|31August 2021.|31August 2021.| |---|---|---|---|---| |Council Member|Nominating||Body|| |Cllr TAllebone|Borough|Council||of Wellingborough| |Mrj W Browne BA M.St (Oxon)|Old Wellingburian|||Club| |Mr T Carlier|Co-Opted|||| |Mr D K Exham|Co-Opted|||| |Mrsj M A Howard|Co-Opted|||| |Mr N B Lyon
MA FSA|Co-Opted|||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Consolidated
State|ment|ofFinanci|al Activi|ties||| |---|---|---|---|---|---|---| ||Note|Unrestricted|Restricted|Endowment|Total|Total| |||Funds|Funds
f|Funds
E|2021|2020f| |INCOME FROM:||||||| |Charitable
Activities||||||| |School fees (net)|2|12/001/161|||12/001/161|10928 395| |Other ancillary
trading
income||243,704|||243,704|284,708| |Donations 5.Legacies
Donations 5Grants||22/235|99/119||121,354|3,933,338| |Investments||||||| |Interest receivable||236|39||275|11,285| |Other income||148463|25000||173463|178771| |Total Income||12/415/799|124/158||12/539/957|15336497| |EXPENDITURE ON:||||||| |Raising funds
Trading expenses
Fundraising
Interest payable|4
5
5|72,717
44,042
14,435|||72,717
44,042
14/435|69,898
54,812
18,326| |Charitable
Activities||||||| |School expenditure
Project Pascal
Total expenditure|5
5|11/716/996
11/848/190|28/174
28/174||11,745,170
11/876/364|11,991,653
319280
12453 969| |Net income /
(expenditure)
Transfers
between
funds|18|567/609
127/492|95/984
(127/492)||663/593|2 882 528| |Unrealised
gains / (losses)
on investments|10|125,470|||125,470|(3,000)| |Net movement
in funds||820/571|(31/508)||789/063|2 879528| |Funds brought forward||19/660/721|1/721/990|3/523/881|24/906/592|22 027 064| |Funds carried forward|18|20481292|1690482|3523881|25 695655|24 906592| ## ## |||Note|2021f|2020| |---|---|---|---|---| |Income|||12,539,682|15,325,212| |Total expenditure|||(11,861,929)|(12,435,643)| |Operating
surplus|||677,753|2,889,569| |Interest receivable|||275|11,234| |Interest payable||5|(14,435)|(18,326)| |Unrealised
gains / (losses) on investments||10|125,470|(3,000)| |Net retained
surplus for the financial
year|||789,063|2,879,477| |All ofthe activities ofthe charitable|company are classed as continuing.|||| ## |Consolidated
B|alan|ce S|heet|at3iAug|ust 202i|||| |---|---|---|---|---|---|---|---|---| ||||Note||2021|||2020| |Fixed assets||||||||| |Tangible assets
Investments|||9
10||19,178,104
3340690|||19,467,203
1215 220| ||||||22,518,794|||20,682,423| |Current assets||||||||| |Stock|||12|71,227||83,256||| |Debtors|||13|316,017||324,839||| |Cash at bank|||14|4536650||5 857|042|| |||||4,923,894||6,265,137||| |Creditors: amounts
due within one year|falling||15|(1~296/438)||(1,485,183)||| |Net current assets|||||3,627,456|||4,779,954| |Total assets less current
liabilities|||||26,146,250|||25,462,377| |Creditors: amounts
due after more than|falling
one year||16||(450,595)|||(555,785)| |Net assets|||||25 695655|||24 906592| |Funds unrestricted||||||||| |Capital account
Special reserve
Designated
funds|||18
18
18||16,100,847
479,642
3900803
20,481,292|||14,768,955
479,641
4412 125
19,660,721| |Restricted
Permanent
endowment|||18
18||1,690,482
3,523,881|||1,721,990
3,523,881| |Total funds|||||25695655|||24,906 592| |Thes
financial
statements||were|approved|and signed|on behalf ofthe|Trustees|by:|| |P
sey|||fA-L|||||| |Governor||||||||| ## ## |Consolidated
Statement ofCash|Flo|ws|||| |---|---|---|---|---|---| |Net cash inflow from o eratin
activities||||2021|2020f| |Net cash provided by operating
acti vities||||1,264,987|1,964,203| |Cash flows from investing
activities
Interest received||||275|11,285| |Investment
additions||||(2/0001000)|| |Payments
for tangible
fixed assets additions||||(445,890)|(371,572)| |Net cash usedininvesting
acti vities||||(2,445,615)|(360,287)| |Cash flows from financing
activities
Repayment
on bank loans||||(139,764)|(135,679)| |Net cash usedin financing activities||||(139,764)|(135,679)| |Change
in cash and cash equivalents
in the
period|reporting|||(1I320~392)|1,468,237| |Cash and cash equivalents
in the reporting|period|||Sg8571042|4,388,805| |Cash and cash equivalents
at the end ofthe
period|reporting|||4,536,650|5,857,042| |Reconciliation
of net income to net cash flow from o eratin|||activities||| |||||2021|2020| |Net income forthe reporting
period (as per|the SOFA)|||789,063|2,879,528| |Adjustments
for:
Depreciation
charges
Masterplan
write off
Disposal offixed assets
Unrealised
losses / (gains) on investments
Interest received||||656,173
78,816
(125,470)
(275)|657,039
319,280
3,000
(11,285)| |Decrease / increase
in stock
Decrease / (increase)
in debtors
Increase
in creditors||||12,029
8,822
(154,171)|3,644
14,277
(1,901,280)| |Net Cash provided
by operating
activities||||1264987|1964203| |Reconciliation
ofnet debt|||||| |At 1September
2020|Cash||flow|Other movements|At 31August
2021| |Cash
Loans due within
one year
Loans due after one year
Total
5,857,042
(171,907)
169307
5 515828||(2,585,379)
(22,586)
125396
2 733361||1,264,987
1 264 987|4,536,650
(149,321)
43 911
4 343418| ||||||Page 22| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |2.School fees (ne|t) —2021||||| |---|---|---|---|---|---| |||Unrestricted|Restricted|Endowment|TotalFunds| |||Funds|Funds|Funds|2021f| |School fees (gross)||12,705,002|||12,705,002| |Scholarships
Bursaries||(73,246)
(569,518)|||(73,246)
(569,518)| |Hardship
fund|||||| |Nevill Trust scholarships|and bursaries||||| |Discounts —siblings
Discounts - year in advance||(50,234)
10843|||(50,234)
10843| |||12001161|||12001161| ## |School|fees (net)|—2020||||| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Endowment|Total Funds| ||||Funds|Funds|Funds|2020| |||||||f.| |School fees (gross) *|||11,652,727|||11,652,727| |Scholarships|||(96,913)|||(96,913)| |Bursaries|||(465,402)|||(465,402)| |Hardship|fund||(48,795)|||(48,795)| |Nevill Trust scholarships||and bursaries||(24,526)||(24,526)| |Discounts|—siblings||(41,633)|||(41,633)| |Discounts|—year in advance||47 063|||47 063| ||||10952921|24 526||10928395| |*After the COVID fee||rebate||||| ## |3.Donatio|ns and Legacies - 20|21|||| |---|---|---|---|---|---| |||Unrestricted|Restricted|Endowment|Total Funds| |||Funds|Fundsf|Funds|2021| |Grant income|(CARS)|19,660|||19,660| |Donations||2575|99119||101694| |||22 235|99119||121354| |Donations|and Legacies —2020||||| |||Unrestricted|Restricted|Endowment|Total Funds| |||Funds|Funds|Funds|2020| |||E|||| |Grant income|(CjRS)|390,652|||390,652| |Donations||2 724 205|818481||3 542 686| |||3 114857|818481||3933338| ## ## ## |4.Trading|activities|a|nd oth|er income —202|1||| |---|---|---|---|---|---|---|---| |||||Unrestricted|Restricted|Endowment|Total Funds| |||||Fundsf|Funds|Fundsf|2021| |Other ancillary trading||activity|||||| |Income —Wellingborough
Enterprise
Ltd
Other ancillary
activities||School||149,123
94581|||149,123
94581| |||||243 704|||243704| |Other income|||||||| |Rental income||||88,531|25,000||113,531| |Other income||||59932|||59932| |||||148463|25 000||173463| |Expenditure
—Wellingborough
Enterprise
Ltd|||School|72,717|||72,717| |Trading activities and|||other|income —2020|||| |||||Unrestricted|Restricted|Endowment|Total Funds| |||||Funds|Funds|Funds|2020f| |Other ancillary trading||activity|||||| |Income —Wellingborough||School|||||| |Enterprise
Ltd||||170,772|||170,772| |Other ancillary|activities|||113936|||113936| |||||284 708|||284 708| |Other income|||||||| |Rental income||||91,930|25,000||116,930| |Other income||||61841|||61841| |||||153771|25 000||178771| |Expenditure
—Wellingborough
Enterprise
Ltd|||School|69,898|||69,898| ## |||Staff costs|Depreciation|Other costs|TotalFunds| |---|---|---|---|---|---| |||||f|| |Fundraising||28,426||15,616|44,042| |School expenditure|||||| |Tuition expenses||6,298,500||1,504,004|7,802,504| |Domestic and catering expenses||||583,954|583,954| |Buildings
and grounds||582,495||650,682|1,233,177| |Management
Marketing|and administration|771,743
131,981||314,301
76,092|1,086,044
208,073| |Minor works||||99,248|99,248| |Depreciation|||637,330||637,330| |Audit fees||||26 130|26 130| |||7,784,719|637,330|3g2541411|11I676I460| |Subsidiary|trading costs|29,945|18,843|19,922|68,710| |Total||7843090|656173|3289949|11789212| |Charitable|activities —2020||||| |||Staff costs|Depreciation|Other costs|Total Funds| |||f|f|f|f| |Fundraising||42,438||12,374|54,812| |School expenditure|||||| |Tuition expenses||6,546,362||1,291,207|7,837,569| |Domestic and catering expenses||||579,105|579,105| |Buildings
and grounds||814,031||662,487|1,476,518| |Management|and administration|813,522||295,200|1,108,722| |Marketing||140,447||88,654|229,101| |Minor works||||30,982|30,982| |Depreciation|||638,191||638,191| |Audit fees||||21,180|21,180| |Project Pascal*||||319280|319280| |||8,314,362|638,191|3,288,095|12,240,648| |Interest payable||||18,326|18,326| |Subsidiary|trading costs|36,565|18,848|14,872|70,285| |Total||8350927|657039|3321293|12329259| ## ## |The a|ggregate
payroll costs w|ere:|||| |---|---|---|---|---|---| |||The Group||The Company|| |||2021|2020|2021|2020| |Wages
Social
Other|Ksalaries
security costs
pension costs|6,218,437
582,752
1,041,901|6,753,580
593,771
1,046,014|6,188,492
582,752
1,041,901|6,717,015
593,771
1,046,014| |||7843090|8 393365|7813 145|8356 800| ## |During the ye|ar, termi|nation
paym|ents
off204,084|(2020:f16,735)were made.|(2020:f16,735)were made.|| |---|---|---|---|---|---|---| |The average|number|of employed|by the charitable|group during the financial year amounted||to:| |||||2021||2020| |||||Number|Number|| |Teaching staff|(including|peripatetic)||108||112| |Academic Support||||42||45| |Support Staff||||66||83| |||||216||240| ## ## ## |7.Payments|to Governors and connecte|d persons|| |---|---|---|---| |||2021f|2020
E| |Training
and travel||1,046|1,502| |||1046|1502| |8.Operating|surplus||| |Operating
surplus|is stated after charging:||| |||2021|2020| ||||E| |Staff pension
contributions
Depreciation
Unrealised
gain / (loss) on investments||1,041,901
656,173
125,470|1,046,014
657,039
(3,000)| |Auditors'
remuneration:|||| |Audit services||26,130|25,416| |Non-audit
services||4,740|12,970| ## |9.Tangible|fixed ass|ets|||||| |---|---|---|---|---|---|---|---| ||Freehold|Assets|Freehold land||||| |Group|buildings|construction|improvement|information
systems|and vehicles|lease|Total| |||||f.|||| |Cost or valuation|||||||| |1September
2020|16803313
I
I|122,101|3,259,109|1,665,776|162,002|47,500|22,059,801| |Additions|20,000|86,617|245,606|56,070|37,597||445,890| |Disposals|(44,550)||||(61,597)|(47,500)|(153,647)| |Transferred||18787|18787||||| |31August 2021|16778763|189931|3523502|1721846|138002|-|22352044| |Depreciation|||||||| |1September
2020|624,538||588,777|1,250,851|115,198|13,234|2,592,598| |On disposals|||||(61,597)|(13,234)|(74,831)| |Charge for the
year|207,813||239,044|181,494|27,822||656,173| |31August 2021|832351||827821|1432345|81423||3173940| |Net book value|||||||| |31August 2021|15946412|189931|2695681|289501|56579|-|19178104| |31August 2020|16,178,775|122,101|2,670,332|414,925|46,804|34,266|19,467,203| |School|Freehold
land and
buildings
f.|Assets
under
construction
f.|Freehold
land
and buildings
improvements|Equipment
**f**
and
in ormation
systems|Minibuses
and vehicles
f|Co-op field
lease
f|Total| |Cost or valuation|||||||| |1September
2020|16,803,313|122,101|3,259,109|1,259,877|162,002|47,500|21,653,902| |Additions|20,000|86,617|245,606|56,070|37,597||445,890| |Disposal|(44,550)||||(61,597)|(47,500)|(153,647)| |Transferred||18787|18787||||| |31August 2021|16778763|189931|3523 502|1315947|138002||21946 145| |Depreciation|||||||| |1September
2020|624,538||588,777|949,239|115,198|13,234|2,290,986| |On disposals|||||(61,597)|(13,234)|(74,831)| |Charge for the
year|207,813||239,044|162,651|27,822||637,330| |31August 2021|832351||827 821|1111890|81423||2 853485| |Net book value|||||||| |31August 2021|15946412|189931|2 695681|204 057|56579||19092 660| |31August 2020|16,178,775|122,101|2,670,332|310,638|46,804|34,266|19,362,916| ## |historical cost basis at||the followi|ng
|amounts|:||||||| |---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||Land||5.buildings| ||||||||||||f.| |Cost|||||||||||8,203,888| |Accumulated
depreciation|||||||||||803010| |Net book amount at 31August 2021|||||||||||7 400 878| |Net book amount at 31August 2020|||||||||||7,484,261| |Based on the Schools'||insurance|records the||fixed assets had||the|following|valuation|for|| |reinstatement
at 31August 2021:|||||||||||| |||||||||2021|||2020f| |Freehold
land and buildings|||||||51,297,464||||47,745,307| |Information
systems
and||equipment,|minibuses||and vehicles||3,874,295||||3,684,118| ||||||||55|171759|||51429 425| |10.Investments|||||||||||| |||||||The Group|||The|Company|| |||||||2021
f.||2020|2021||2020f| |CF Heartwood
Investment||Management||(see below)||1,335,874|1,210,404||1,335,874||1,210,404| |Standard
Life Aberdeen
Investment
in subsidiary
War stock —f2,508.15
War stock - f47.09|Group (see
(see note||below)
11)|||2,000,000
1,800
16||1,800
16|2,000,000
12
1,800
16||12
1,800
16| |National
savings
bond||||||3000||3000|3000||3000| |||||||3340/690|1|215220|3340~702||1215232| |Valuation|||||||||The Group||ILCompanyf| |At 1September 2020|||||||||||1,215,220| |Additional
investments|||||||||||2,000,000| |Unrealised
gains on revaluations|||||||||||125,470| |At 31August 2021|||||||||||3 340 690| ## ## |13.Debtors|FOR THE YE|AR ENDED 31AU|GUST 202|1|| |---|---|---|---|---|---| |||The Group||The Company|| |||2021|2020|2021|2020| ||||E|f|E| |Trade debtors||83,775|112,077|75,091|98,990| |Other debtors
Prepayments
Amounts
owed from group|undertaking|52,140
180,102
316017|12,970
199,792
324 839|52,140
173,303
84954
385488|12,970
191,565
145161
448 686| ## |year. There is no sec
14.Cash at bank|u|rity
pro|vided
or in|terest payable to the|c|haritable
|company
on this loa|company
on this loa|n.| |---|---|---|---|---|---|---|---|---|---| |||||The Group|||The Company||| |||||2021
f||2020|2021
f||2020
f| |Special reserve account
Permanent
endowment||account||478,719
23,878||478,718
23,878|478,719
23,878||478,718
23,878| |Bank accounts||||4034053|5|354446|3947 289|5|251046| |||||4536650|5|857 042|4449886|5,753 642|| |15.Creditors: Amounts|||falling due within one year||||||| |||||The Group|||The Company||| |||||2021
f||2020|2021||2020| |Bank loans||||130,632||145,000|130,632||145,000| |HP loans||||18,689||26,907|18,689||26,907| |Trade creditors||||118,971||20,491|114,213||12,733| |Taxation and social security
Other creditors||||3,542
116,755||146,998
125,234|112,642||145,628
119,709| |Amounts
owed to group undertakings
Accruals and deferred
income||||907849|1|020 553|886 800||1,013
989439| |||||1296438|1,485 183||1262 976|1|440 429| ## |16.Creditors: Amo|unts
falling|after more than on|e year||| |---|---|---|---|---|---| |||The Group||The Company|| |||2021
f|2020|2021
f|2020
E| |Bank loans|||125,396||125,396| |HP loans||11,680|11,680|11,680|11,680| |Loan —Old Wellingburian
Advance fees|Club|32,231
113,711|32,231
132,490|32,231
113,711|32,231
132,490| |Fee deposits||292,973|253,988|292,973|253,988| |Deferred
income|||||| |||450 595|555 785|450 595|555 785| ## ## ## ||||The group and the company|| |---|---|---|---|---| ||||Assets other than land and buildings|| ||||2021
f.|2020f| |Operating|leases payments|due:||| |Within 1|year||0|0| |Within 2|to 5years||71941|71941| ||||71941|71941| ## |18.Fund Analysis|18.Fund Analysis||||| |---|---|---|---|---|---| |Total Funds —current year|||||| |||Total|Restricted|Permanent|Total| |||Unrestricted||Endowment
f.|2021f| |Reserves|||||| |Balance at 1September|2020|13,051,656|1,385,003|23,881|14,460,540| |Net income||820 571|31508||789063| |Balance at 31August|2021|13872 227|1353495|23881|15249 603| |Revaluation
reserve|||||| |Balance at 1 September|2020|6,609,065|336,987|3,500,000|10,446,052| |Surplus
on revaluation
Balance at 31August|in year
2021|6609065|336987|3500 000|10446 052| |Total funds|||||| |At 31August 2021||20481292|1690482|3523881|25 695655| |At 31August 2020||19,660,721|1,721,990|3,523,881|24,906,592| |Total Funds —prior year|||||| |||Total|Restricted|Permanent|Total| |||Unrestricted
E||Endowment|2020f| |Reserves|||||| |Balance at 1 September|2019|10,944,680|612,502|23,830|11,581,012| |Net income||2 106976|772 501|51|2 879528| |Balance at 31August|2020|13051656|1385003|23 881|14 460 540| |Revaluation
reserve|||||| |Balance at 1September|2019|6,609,065|336,987|3,500,000|10,446,052| |Surplus
on revaluation|in year||||| |Balance at 31August|2020|6609065|336987|3 500 000|10446 052| |Total funds|||||| |At 31August 2020||19660 721|1721990|3 523 881|24 906592| |At 31August 2019||17,553,745|949,489|3,523,830|22,027,064| ## ## ## |Unrestricted
Funds||—curre|nt year|nt year|||| |---|---|---|---|---|---|---|---| ||||School Consolidated
Capital
Capital
account
account||Special
reserve*|Designated
funds|Total
Unrestricted
2021| ||||f.|f.|||| |Reserves|||||||| |Balance at 1September||2020|8,037,560|8,159,890|479,641|4,412,125|13,051,656| |Net income|||674,918|693,078|1||693,079| |Transfer to designated|funds||||||| |Transfer to and from restricted|||||||| |funds|||127,492|127,492|||127,492| |Transfer from designated||funds|511322|511322||511322|| |Balance at 31August 2021|||9351292|9491782|479642|3900803|13872227| |Revaluation
reserve|||||||| |Balance at 1September||2020|6609065|6609065|||6609065| |Balance at 31August 2021|||6609065|6609065|||6609065| |Totalfunds|||||||| |At 31August 2021|||15960357|16100847|479642|3900803|20481292| |At 31August 2020|||14,646,625|14,768,955|479,641|4,412,125|19,660,721| |*Set aside to protect the School|||from unforeseen|adverse variations|in near-term|income streams.|| ## |Set aside to protect th
Unrestricted
Funds|e School
—prior|from unforesee
year|n
adverse variation|s
in near-ter|m
income strea|ms.| |---|---|---|---|---|---|---| |||School
Capital
account|Consolidated
Capital
account|Special
reserve|Designated
funds|Total
Unrestricted
2020| |Reserves||||||| |Balance at 1September|2019|8,582,494|8,664,064|478,582|1,802,034|10,944,680| |Net income||2,048,124|2,088,884|1,059||2,089,943| |Transfer to designated
funds||(2,737,360)|(2,737,360)||2,737,360|| |Transfer to and from restricted||||||| |funds||17,033|17,033|||17,033| |Transfer from designated|funds|127269|127269||127269|| |Balance at 31August 2020||8037560|8 159890|479641|4412 125|13051656| |Revaluation
reserve||||||| |Balance at 1September|2019|6609065|6609065|||6609065| |Balance at 31August 2020||6,609,065|6,609,065|||6,609,065| |Totalfunds||||||| |At 31August 2020||14646 625|14768955|479 641|4412 125|19660 721| |At 31August 2019||15,191,559|15,273,129|478,582|1,802,034|17,553,745| ## ## ||FOR THE YEAR|FOR THE YEAR|ENDED 31|AUGUST 20|21|| |---|---|---|---|---|---|---| |Designated|Funds —current year
Designated
Fenton
Hardshipf||Designated
Nursery|Designated
Foundation|Designated
Masterpian|Total
Designated
2021
f.| |Reserves||||||| |Balance at 1September 2020||2,562,617|60,000|22,097|1,767,411|4,412,125| |Income||||||| |Expenditure
Balance at 31August 2021||511274
2051343|60000|48
22049|1767411|511322
3900803| |Designated|Funds —prior|year
Designated
Fenton
Hardship|Designated
Nursery|Designated
Foundation|Designated
Masterpian|Total
Designated
2020f| |Reserves||||||| |Balance at 1September 2019||||34,623|1,767,411|1,802,034| |Income||2,660,031|60,000|17,329||2,737,360| |Expenditure||97414||29 855||127269| |Balance at 31August 2020||2,562 617|60 000|22,097|1767411|4412 125| ## ## ## |Restricted
Funds —current|Restricted
Funds —current|Restricted
Funds —current|Restricted
Funds —current|Restricted
Funds —current|year|||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||a.~ w
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CL QI| |Reserves||||||||||||||||||| |Balance at 1
September 2020|334,895|63,285||5,605|108,919|8,990|30,741|9,019||25,079|544||55,957|339,969|||402,000|1,385,003| |Income|350|||1,225|25,039|2,500|9,450||||||85,594|||||124,158| |Expenditure
and
transfers|(1,396)|||(1,225)|(5,294)|(2,567)|(17,296)|(396)||||||||(127,492)||(155,666)| |Balance at 31
August 2021|333i849|63i285||5i605|128i664|Si923|22i895|Si623|25i079||544|141i551||339i969||274i508||1i353i495| |Revaluation
reserve||||||||||||||||||| |Balance at 1
September 2020|||||336,987|||||||||||||336,987| |Surplus on||||||||||||||||||| |revaluation||||||||||||||||||| |Balance at 31
August 2021|||||336,987|||||||||||||336/987| |Total Restricted|Funds|||||||||||||||||| |At 31August
2021|333849
i|63,285||5,605|465,651|8,923|22,895|8,623|25,079||544|141,551||339,969||274,508||1,690,482| |At 31August
2020|334,895|63,285||5,605|445,906|8,990|30,741|9,019||25,079|544||55,957|339,969||402,000||1,721,990| ## ## ||o &
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CL Cl| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||f|||f||||f.|f||f||||||||| |Reserves|||||||||||||||||||||| |Balance at 1
September 2019
Income
Expenditure||327,063
10,750
2 918|64,785
1500||4,705
900|||113,525
25,288
29 894|7,525
30,741
3,100
15,948
1635
15948|39,379
19,569
49 929|25,079||(300)
844|55,957||339,969|||402,000||612,502
874,325
101824| |Balance at 31
August 2020||334l895|63285||5605|||108919|8 990 30/741|9t019|25l079||544|55/957
339/969|||||402l000||1/385l003| |Revaluation
reserve|||||||||||||||||||||| |Balance at 1
September 2019||||||||336,987|||||||||||||336,987| |Surplus on|||||||||||||||||||||| |revaluation|||||||||||||||||||||| |Balance at 31
August 2020||||||||336,987|||||||||||||336,987| |Total Restricted|Funds||||||||||||||||||||| |At 31August
2020||334895|63l285||sl605|||445l906|8~990 30l741|9~019|25l079||544|55l957
339I969|||||402l000||11721l990| |At 31August
2019||327 063|64,785||4,705|||450,512|7,525
30,741|39,379|25,079||(300)||||||||949,489| |Permanent
endowment|||||||||||||||||||||| |The E3,500,000 permanent|||||||endowment||reserve has arisen from the||||re-valuation
of||||the freehold||||| |land and buildings. f16,182|||||||represents||the proceeds of Government||||Stock deposits||||held|by the|||| |original||Trust. f2,000||relates||||to historic|proceeds
from|the sale of permanent|||||endowment||||land,||| |and the||balance|of E5,648 represents
interest
received|||||||on permanent|||endowment|||deposits|||to||| |date.|||||||||||||||||||||| |Restricted
Funds|||||||||||||||||||||| |Bursary Fund||||||||Bursary support
from Foundation
Fundraising||||||initiatives.|||||||| |Prize|Giving Fund||||||Support for award
made|||at the|Annual|Prize||Giving funded||||by|||| ||||||||specific donations
from inter alia, the Old Wellingburian||||||||||Club,||the||| ||||||||Old Wellingburian
Masonic Lodge, and|||||from||Mrs|jane|Fisher.|||||| |Nevill||Trust|||||The aim ofthis incorporated
Trust is to||||||support||School||activities||||| ||||||||through
the annual
provision
ofgrants|||||for either|||capital||investment||||| ||||||||or assisted||places.||||||||||||| |Sugden Art Fellowship||||||||OW sponsored
awards to support
Sixth|||||Formers||or recent leavers|||||in|| ||||||||the Arts (Art, Drama or Music).||||||||||||||| |kVar|Memorial|||||||Foundation-generated
support|||for Bursary awards to|||||gifted||pupils|||| |||||||||who otherwise
could not||afford|a Wellingborough||||education,||||||| |||||||||together
with some small||awards to leavers.|||||||||||| |Edwards Legacy Awards||||||||Supporting|music through|annual
grants|||and|awards to outstanding|||||||| |||||||||pupils.|||||||||||||| ## |19.An|alysis ofnet assets betw|een funds|||| |---|---|---|---|---|---| |||Unrestricted|Restricted|Endowment|TotalFunds| |||Funds|Fundsf|Fundsf|2020| |Tangible|fixed assets and investments|18,627,882|390,912|3,500,000|22,518,794| |Current|assets|3,600,443|1,299,570|23,881|4,923,894| |Current
liabilities
Long term liabilities||(1,296,438)
450 595|||(1,296,438)
450 595| |||20381292|1690482|3523881|25 695655| |Analysis ofnet assets between||funds —prior|year||| |||Unrestricted|Restricted|Endowment|TotalFunds| |||Fundsf|Fundsf|Fundsf|2019f| |Tangible|fixed assets and investments|16,786,039|396,384|3,500,000|20,682,423| |Current|assets|4,915,650|1,325,606|23,881|6,265,137| |Current|liabilities|(1,485,183)|||(1,485,183)| |Long term liabilities||555 785|||555785| |||19660 721|1721990|3 523881|24906592| ## ## ## ## ## ## ## ## |||Unrestricted|Restricted|Endowment|Total| |---|---|---|---|---|---| |||Funds|Funds|Funds|2020| |||||E|| |INCOME FROM:|||||| |Charitable
Activities|||||| |School fees (net)
Other ancillary
trading|income|10,952,921
284,708|(24,526)||10,928,395
284,708| |Donations 8 Legacies
Donations 5.Grants||3I114I857|818,481||3,933,338| |Investments|||||| |Interest receivable||10,946|288|51|11,285| |Other income||153771|25 000||178 771| |Total Income||14,517,203|819,243|51|15,336,497| |EXPENDITURE ON:|||||| |Raising funds
Trading
expenses
Fundraising
Interest payable||69,898
54,812
18,326|||69,898
54,812
18,326| |Charitable
Activities|||||| |School expenditure
Project Pascal
Total expenditure||11g961I944
319280
12I424I260|29,709
29I709||11,991,653
319280
12,453,969| |Net income / (expenditure)||2,092,943|789,534|51|2,882,528| |Transfers
between
funds||17,033|(17,033)||| |Unrealised
gains / (losses) on
investments||(3,000)|||(3,000)| |Net movement
in funds||2g106I976|772I501|51|21879~528| |Funds brought forward||17,553,745|949,489|3,523,830|22,027,064| |Funds carried forward||19660721|1721990|3523881|24906592|