#
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|DIREC|TORS|AND ADVI|SORS||||
|---|---|---|---|---|---|---|
|||||Mr S M Hay MBChB FRCS (Orth) (Chairman)|||
|Directors||||Mr M N Holyoake|BSc(Hons) FGS ACMA CGMA||
|||||Mr R M Jenkins BA (Hone) MBA|||
|||||Mr TMParsons
BDS|||
|||||Mr G Woods MA|(Oxon) PGCE. (Oxon)||
|||||Mr N LWinkley
MA (Oxon) Med (Open)||PG Cert|
|||||Bus Admin (Open)|||
|||||Mr D Tyack MA (Oxon)|||
|||||Mrs AJThorn BA (Hons) MBE, DL|||
|||||Mr AJ Barker FCA —appointed 01.10.19|||
|||||Mr TC Pook BSc(Hone) MRICS —appointed|||
|||||01.10.19|||
|||||Mrs H Fitzgerald|MA (Oxon) —appointed|01.10.19|
|Secretary||||Mrs K Mills BA(Hone) MBA- appointed||11.04.20|
|Charity No.||||1102931|||
|Company|No.|||05023969|||
|Principal|Address|and Registered|Office|Presffelde School|Limited||
|||||London Road|||
|||||Shrewsbury|||
|||||SY26NZ|||
|Key Management||Personnel|||||
|Head||||Mrs F Orchard GTCL PGCE|||
|Bursar||||Mrs K Mills BA (Hone) MBA - appointed||11.04.20|
|||||Mrs A Cornell BA|(Hone) —resigned 31.12.19||
|Deputy Heads||||Mr M E Haswell
BEd|||
|||||Mrs E LThelwell|BA(Hons) QTS||
|Auditors||||RSM UK Audit LLP|||
|||||9ih Floor|||
|||||3 Hardman
Street|||
|||||Manchester|||
|||||M3 3HF|||
|Bankers||||Lloyds Bank pic|||
|||||1 Pride
Hill|||
|||||Shrewsbury
SY1|1DG||
|||||Barclays Bank (newly appointed)
44-46 Castle Street|||
|||||Shrewsbury
SY1|2BU||
|Solicitors||||Messrs Hatchers|||
|||||Welsh Bridge|||
|||||1 Frankwell|||
|||||Shrewsbury|||
|||||SY36LG|||
|Insurance|Brokers|||Marsh|||
|||||Capital House|||
|||||1 to 5 Perrymount|Road||
|||||Haywards
Heath|||
|||||West Sussex|||
|||||RH16 3SY|||
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|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|2020|2019|
||||||||f|
|Income and endowments||from:||||||
|Charitable
Activities||||||||
|School fees receivable|||2|3,512,249||3,512,249|3,695,323|
|Ancillary
trading income|||3|71,908||71,908|149,906|
|Other trading
activities||||||||
|Non-ancillary
trading|income||4|54,438||54,438|109,385|
|Investments||||||||
|Bank and other interest|||5|1,886||1,886|1,955|
|Voluntary
sources||||||||
|Grants and donations|||6|70,322|6,255|76,577|23,515|
|TOTAL INCOMING
RESOURCES||||3,710,803|6,255|3,717,058|3,980,084|
|Expenditure
on:||||||||
|Raising funds||||||||
|Non-ancillary
trading|||7|557||557|25,591|
|Other income generating||activities||||||
|Financing costs|||8|29,643||29,643|8,028|
|||||30,200||30,200|33,619|
|Charitable
Activities||||||||
|Education|||7|3,689,380|6,255|3,695,635|3,671,547|
|TOTAL EXPENDITURE||||3,719,580|6,255|3,725,835|3,705,166|
|Net Movement
in funds|for the year|||(8,777)||(8,777)|274,918|
|Fund balances at 1stSeptember||||3,701,061|34,219|3,?35,280|3,460,362|
|FUND BALANCES AS AT||31STAUGUST||3,692,284|34,219|3,726,503|3,735,280|
##
##
##
|||Notes|Unrestricted
Funds|Restricted
Funds|Total
2020|Total
2019|
|---|---|---|---|---|---|---|
||||||f|f|
|Income and endowments|from:||||||
|Charitable
Activities|||||||
|School fees receivable||2|3,512,249||3,512,249|3,695,323|
|Ancillary
trading
income||3|71,908||71,908|149,906|
|Other trading activities|||||||
|Non-ancillary
trading income||4|54,438||54,438|109,385|
|Investments|||||||
|Bank and other interest||5|1,886||1,886|1,955|
|Other|||||||
|Grants and donations||6|70,322|6,255|76,577|23,515|
|TOTAL INCOMING
RESOURCES|||3,710,803|6,255|3,717,058|3,980,084|
|Expenditure
on:|||||||
|Raising funds|||||||
|Non-ancillary
trading||7|557||557|25,591|
|Other income generating|activities||||||
|Financing costs||8|29,643||29,643|8,028|
||||30,200||30,200|33,619|
|Charitable
Activities|||||||
|Education||7|3,689,380|6,255|3,695,635|3,671,547|
|TOTAL EXPENDITURE|||3,719,580|6,255|3,725,835|3,705,166|
|Net Movement
in funds for the year|||(8,777)||(8,777)|274,918|
|Fund balances at 1st September|||3,701,141|34,219|3,735,360|3,460,441|
|FUND BALANCES AS AT|31STAUGUST||3,692,364|34,219|3,726,583|3,735,359|
##
|||Note|Group|||Charity||
|---|---|---|---|---|---|---|---|
|||||2020|2019|2020|2019|
|||||f|F||f|
|FIXEDASSETS||||||||
|Tangible assets||12|4,087,545||4,035,112|4,087,545|4,035,112|
|Investments||13||||100|100|
||||4,087,545||4,035,112|4,087,645|4,035,212|
|CURRENT ASSETS||||||||
|Debtors||14||228,875|217,160|228,865|217,150|
|Cash at bank and|in hand|||381,287|196,350|381,277|196,340|
|||||610,162|413,510|610,142|413,490|
|CURRENT LIABILITIES||||||||
|Creditors
payable|within one year|15||765,624|473,701|765,624|473,701|
|NET CURRENT LIABILITIES|||(155,462)||(60,191)|(155,482)|(60,211)|
|TOTAL ASSETS
LIABILITIES|LESSCURRENT||3,932,083||3,974,921|3,932,163|3,975,001|
|LONG TERIVI LIABILITIES||||||||
|Creditors
payable|after one year|16||115,930|134,425|115,930|134,425|
|TOTAL NET ASSETS EXCLUDING
PENSION LIABILITY|||3,816,153||3,840,496|3,816,233|3,840,576|
|Net pension
liability||24||89,550|105,116|89,550|105,116|
|NET ASSETS|||3,726,603||3,735,380|3,726,683|3,735,460|
|REPRESENTED|BY:|||||||
|CALLED UP SHARE CAPITAL||19||100|100|100|100|
|RESTRICTED FUNDS||23||34,219|34,219|34,219|34,219|
|UNRESTRICTED|FUNDS|23|3,692,284||3,701,061|3,692,364|3,701,141|
||||3,726,603||3,735,380|3,726,683|3,735,460|
##
##
||||Note|2020|2019|
|---|---|---|---|---|---|
||||||f|
|Cash flows from operating|activities:|||||
|Net cash (used in) operating|activities||25|364,642|170,726|
|Cash flows from investing
activities:||||||
|Dividends,
interest and rents|from investments|||1,886|1,955|
|Purchase of property,
plant and equipment||||(151,948)|(117,916)|
|Net cash (used in) investing|activities|||(150,062)|(115,961)|
|Cash flows from financing activities:||||||
|Financing costs||||(29,643)|(8,028)|
|Net cash (used in) financing|activities|||(29,643)|(8,028)|
|Change
in cash and cash equivalents
in the||year||184,937|46,737|
|Cash and cash equivalents
at the beginning||ofthe year||196,350|149,613|
|Cash and cash equivalents|at the end of|the year|26|381,287|196,350|
##
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##
|a basis consis|a basis consis|tent
with t|he depreciation
policy.||||
|---|---|---|---|---|---|---|
|Depreciation||is provided|at rates, calculated
to write offthe cost,|less estimated|residual|value|
|ofeach asset||based on|current market prices, over its expected|useful life, as follows:|||
|Freehold|land||- No depreciation.||||
|Freehold|Buildings||- Buildings
&50years —2%-6.66%on cost||||
||||- Buildings
&50years —0.0074% on cost||||
||||- Swimming
Pool —2%on|cost|||
||||-Car Park/Cage —10%on cost||||
|Freehold|improvements||—Over the useful economic
life ofthe improvement||||
||||2% - 6.66%on cost||||
|Computer|equipment||-25% - 33%on cost||||
|Fixtures and fittings|||—10%-25%on cost||||
|Motor vehicles|||-25% on cost||||
##
##
##
##
##
##
##
##
|CHARITABLE ACTIV|ITIES - SC|HOOL FEESRECEIVABLE|||
|---|---|---|---|---|
||||2020f|2019
f|
|The school fees income|comprises||||
|Gross fees|||4,263,975|4,121,669|
|Less: Total scholarships,|bursaries|and other discounts|(751,726)|(426,366)|
||||3,512,249|3,695,323|
##
##
##
|3.
CHA|RITABLE|ACT|IVITIES|—ANCILLARY TRADI|NG INCOII/IE|||
|---|---|---|---|---|---|---|---|
|||||||2020f|2019
8|
|Extras||||||56,278|109,107|
|Entrance fees and registration||||fees||5,500|5,700|
|Pupil transport||||||5,926|7,298|
|Sundry|other income|||||4,204|27,801|
|||||||71,908|149,906|
|4.
OTHER TRADING|||ACTIVITIES|||||
|||||||2020|2019|
|||||||8||
|Non-ancillarytrading|||income|||||
|Lettings income||||||40,584|87,074|
|Rents|receivable|||||7,134|14,320|
|Sundry|other income|||||6,720|7,991|
|||||||54,438|109,385|
|5.
INVESTMENTS —BANK AND OTHER INTEREST|||||RECEIVABLE|||
|||||Unrestricted|Restricted|Total|Total|
|||||||2020
6|2019f|
|Bank interest||||1,886||1,886|1,955|
|||||1,886||1,886|1,955|
|6.
OTHER —GRANTS|||& DONATIONS|||||
|||||Unrestricted|Restricted|Total|Total|
|||||||2020|2019|
|Government||||||6|8|
|Blackburn|Chapel &Theatre Appeal||||||14,652|
|Wilson Vale Catering|||||6,255|6,255|7,510|
|Library|||||||1,353|
||grants|—CJRS||70,046||70,046||
|Other||||276||276||
|||||70,322|6,255|76,577|23,515|
##
|7.
ANALYSIS OF EXPENDITURE|7.
ANALYSIS OF EXPENDITURE||||||
|---|---|---|---|---|---|---|
|a) Total expenditure|||||||
||Staff costs|Support|Depreciation||Total|Total|
||(note 9)f|Costs
5|(Note 12)
5||2020|2019
f|
|Costs ofraising funds|||||||
|Non ancillary
trading||557|||557|25,591|
|Financing cost (note 8)||29,643|||29,643|8,028|
|Total cost of
generating
funds||30,200|||30,200|33,619|
|Charitable|||||||
|expenditure|||||||
|Education Teaching|2,152,477|165,516|29,216||2,347,209|2,236,341|
|Welfare|43,683|206,195|29,645||279,523|340,159|
|Premises|213,658|328,063|40,654||582,375|628,753|
|School administration
and governance|279,553|193,619|||473,172|479,148|
|Grants awards and
prizes (note ?b)||11,488|||11,488|2,796|
|Movement
in pension
recovery
plan (note 24)||(15,566)|||(15,566)|(15,650)|
|Governance||17,434|||17434||
|Total charitable
expenditure|2,689,371|906,749|99,515||3,695,635|3,671,547|
|Total Expenditure|2,689,371|936,949|99,515||3,?25,835|3,705,166|
##
|ac|commodation,|where|a cl|aim is made.
Nil trustees (|2019- NIL) were|reimbursed
during th|e year.|
|---|---|---|---|---|---|---|---|
|||||||2020|2019|
|||||||f|F|
||Remuneration|paid to auditor for audit services||||8,491|15,400|
||Depreciation|oftangible||fixed assets:||||
||- owned|by the Charitable
Company||||99,515|81,745|
||Operating
lease rentals:|||||||
||- land and buildings|||||||
||- other|assets||||23,258|21,532|
||Reimbursement
of personal expenses to governors|||||||
|||||||131 264|118,677|
|8.|FINANCING|COSTS||||||
|||||||2020
6|2019f|
||Bank charges|||||1,019|487|
||Other f3nsncs|costs||||19,430|7,541|
||Provision for bad and dcubfful debts|||||9,194||
|||||||29,643|8,028|
|9.|STAFF COSTS|||||||
|||||||2020f|2019
8|
||The aggregate|payroll costs||for the year were:||||
||Wages and salaries|||||2,124,283|2,051,768|
||Social security|costs||||193,192|187,424|
||Other pension|costs||||370,678|266,198|
||Health Insurance|||||1,218|1,437|
|||||||2,689,371|2,506,827|
|||||||2020|2019|
|||||||f|f|
||Aggregate
employee||benefits of key management||personnel|176263|163721|
##
##
|STAFF COSTS —Continued|STAFF COSTS —Continued|||||||
|---|---|---|---|---|---|---|---|
|The number ofhigher paid employees
f60,000or more was:||whose annual||emoluments|were|||
|||||||2020|2019|
|||||||No|No|
|f60,001 - f70,000|||||||1|
|f80,001 - f90,000||||||||
|f90,001 - f100,000||||||||
|The number
with retirement|benefits||accruing:|||||
|- in Defined Benefit schemes wss||||||||
|Ofwhich the contributions|amounted||to|||520,301|f22,816|
|The average|number ofemployees|during the year calculated|on a head count basis, was 88(2019:89)|on a head count basis, was 88(2019:89)|
|---|---|---|---|---|
||||2020|2019|
||||No|No|
|Teaching|||58|59|
|Other|||30|30|
||||88|89|
##
##
##
##
|Group and company|Freehold Land
& Buildings|Plant &
Equipment|Computer
Equipment|Total|
|---|---|---|---|---|
|Cost|||||
|At 1"September 2019|4,178,439|397,980|109,812|4,686,231|
|Additions|70,308|44,983|36,657|151,948|
|At 31"August 2020|4,248,747|442,963|146,469|4,838,179|
|Depreciation|||||
|At 1"September 2019|250,277|319,637|81,205|651,119|
|Charge for the year|40,654|29,645|29,216|99,515|
|At 31"August 2020|290,931|349,282|110,421|750,634|
|Net book value at 31"
August 2020|3,957,816|93,681|36,048|4,087,545|
|Net book value at 31
August 2019|3,928,162|78,329|28,621|4,035,112|
|13. INVESTMENTS|13. INVESTMENTS||2020|2019|
|---|---|---|---|---|
||||F|E|
|Investment|in subsidiary||100|100|
|Company|investments|at 31August|100|100|
##
##
|DEBTORS||||||
|---|---|---|---|---|---|
|||Group||Company||
|||2020|2019|2020|2019|
|||f|f|f|f|
|School fees receivable *||79,960|20,385|79,960|20,385|
|Trade debtors|**|18,967|34,595|18,967|34,595|
|Other debtors||4,470|11,353|4,460|11,343|
|Prepayments|and accrued income|95,686|106,150|95,686|106,150|
|Amounts
due|from parent company|29,792|44,677|29,792|44,677|
|||228,875|217,160|228,865|217,150|
|*|Trade debtors are net of|Trade debtors are net of|a doubtful
debt provision
off6,0|a doubtful
debt provision
off6,0|a doubtful
debt provision
off6,0|64(2019fNIL)|||
|---|---|---|---|---|---|---|---|---|
|15.|CREDITORS: amounts||felling due within one year||||||
||||||Group||Company||
||||||2020f|2019
f|2020
f|2019
f|
||Deposits from parents||||18,110|16,435|18,110|16,435|
||Fees received from parents
advance ofterm|||in|294,657|198,877|294,657|198,877|
||Trade creditors||||116,613|50,299|116,613|50,299|
||Taxation and social security||||50,787|49,739|50,787|49,739|
||Other creditors||||175,005|109,367|175,005|109,367|
||Fees in Advance Scheme|||||9,207||9,207|
||Accruals and deferred|income|||110,452|39,777|110,452|39,777|
||||||765,624|473,701|765,624|473,701|
##
##
|eipt of n|otice.
Assuming
|pupils remain
in the school, fee|s in advance
will be applied as|folbws:|
|---|---|---|---|---|
||||2020|2019|
|||||8|
|Within
1|year|||9,207|
|||||9,207|
|Summary|ofmovements|in liability|||
|Balance at 1 September 2019||||9,207|
|Amounts|used to pay fees|||(9,207)|
|Balance|at 31August 2020||||
##
|. COM|MI|TMENTS
UNDER OPERATING LE|ASES|||
|---|---|---|---|---|---|
||||Other|||
|||||2020|2019|
|||||6|8|
|Within|1|year||24,272|23,629|
|Within|1|to 5years||16,099|36,367|
|||||00311|59,996|
##
|||2020|2019|
|---|---|---|---|
|||E|E|
|Authorised||||
|100Ordinary|Shares ofE1 each|100|100|
|Allotted,
called up and fully paid||||
|100Ordinary|Shares ofE1 each|100|100|
##
##
##
##
|21. ANALYSIS OF NET A|SSETS BETWEEN|FUNDS -GROU|P|||
|---|---|---|---|---|---|
||Unrestricted|Restricted|Share Capital|2020|2019|
||6|6|6|f|5|
|Tangible
fixed assets|4,087,545|||4,087,545|4,035,112|
|Net current
assets/(liabilities)|(189,781)|34,219||(155,462)|(60,191)|
|Long term liabilities|(115,930)|||(115,930)|(134,425)|
|Provision
for Liabilities and
Charges|(89,550)|||(89,550)|(105,116)|
||3,692,284|34,219|100|3,726,603|3,735,380|
|Prior Year Comparative||||||
||Unrestricted|Restricted|Share Capital|2019|2018|
||6|F|F|6|5|
|Tangible
fixed assets|4,035,112|||4,035,112|3,998,942|
|Net current
assets/(liabilities)|(94,510)|34,219|100|(60,191)|(275,515)|
|Long term liabilities|(134,425)|||(134,425)|(142,200)|
|Provision for Liabilities and
Charges|(105,116)|||(105,116)|(120,766)|
||3,701,061|34,219|100|3,735,380|3,460,461|
##
|22. CAPITAL|COMMITMENTS|COMMITMENTS|COMMITMENTS||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|At 31 August||2020, the|group had capital commitments
as|||follows:|2020f||2019f||
|Expenditure||contracted|for but not provided|in the accounts|||||40,440||
|23. SUMMARY|OF MOVEMENTS ON MA)OR FUNDS||||||||||
|||||At|1 Sept|Incoming|Resources||At 31|August|
||||||2019
f|resourcesf|expended|f||2020
f|
|Restricted Funds|||||||||||
|Bursary Fund|||||14,834|||||14,834|
|Chapel Fund|||||16,777|||||16,777|
|Kitchen Equipment|||||1,255|6,255|(6,255)|||1,255|
|Library Fund|||||1,353|||||1,353|
||||||34,219|6,255|(6,255)|||34,219|
|Unrestricted
Funds|||||||||||
|General Reserve||||3,701,061||3,710,803|(3,719,580)||3,692,284||
|||||3,701,061||3,710,803|(3,718,580)||3,692,284||
|Total Funds||||3,735,280||3,717,058|(3,725,835)||3,726,503||
|Note 20 provides|details of th'e||individual
funds||||||||
##
##
##
##
|TPT Retirement|TPT Retirement|TPT Retirement|Solutions|Solutions|-The|Growth|Plan Deficit Contributions|Plan Deficit Contributions|||
|---|---|---|---|---|---|---|---|---|---|---|
|From|1|April|2019|to|31|F11,243,000 per annum||(payable|monthly|and|
|January||2025:||||||increasing|by 3% each on 1st||
|||||||||April)|||
|From|1|April|2016|to|30|September|2025:|512,945.4m per annum
(payable
monthly
increasing
by 3%each on 1st April)|and|
|---|---|---|---|---|---|---|---|---|---|
|From|1|April|2016|to|30|September|2028:|f54,560 per annum
(payable
monthly
and
increasing
by 3%each on 1st April)||
##
##
|. PENSION SC|HEMES —c|HEMES —c|HEMES —c|HEMES —c|onti|nue|d|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Present Values|ofProvision||||||||||||||2020||2019|
||||||||||||||||f|||
|Present value ofprovision|||||||||||||||76,160||90,774|
|Reconciliation|ofopening|||and||closing||provisions|||||||2020||2019|
||||||||||||||||6||6|
|Provision
at 1 September|||||||||||||||90,774||115,286|
|Unwinding
ofthe|discount factor||||||||||||||797||1,805|
|Deficit contribution||paid|||||||||||||(16,107)||(15,711)|
|Remeasurements||-impact|of||any|change||in assumptions|||||||696||1,706|
|Remeasurements||-amendments||||to the contribution|||||schedule||||||(12,312)|
|Provision at 31|August||||||||||||||76,160||90,774|
|Income and expenditure|||impact||||||||||||2020||2019|
||||||||||||||||6||5|
|Interest expense|||||||||||||||797||1,805|
|Unwinding
ofthe|discount factor||||||||||||||696|||
|Remeasurements||-impact|of||any|change||in assumptions|||||||||1,706|
|Remeasurements||-amendments||||tothe contribution|||||schedule||||||(12,312)|
|Contributions
paid||in respect||offuture|||service||||||||||16|
|Costs recognised||in income and expenditure|||||||account||||||||14|
|Assumptions|||||||||||||||2020||2019|
|||||||||||||||%|per annum|%per annum||
|Rate ofdiscount|||||||||||||||0.55||0.97|
|discount rates shown
above|||||are|the|equivalent|||single discount|||rates which,|when used to discount|||the future|
|very
plan
contributions
due,|||||would||give|the same|||results|as|using a full|AA|corporate
bond|yield|curve to|
|ount the same recovery
plan||||conbibutions.||||||||||||||
|icit Contributions||Schedule||||||||||||||||
|following
schedule||shows|the||deficit||contributions|||agreed between the company|||||and the scheme at||each year|
|period:||||||||||||||||||
||||||||||||||||2020||2019|
||||||||||||||||f||E|
|Year 1|||||||||||||||16,590||16,107|
|Year 2|||||||||||||||17,087||16,590|
|Year 3|||||||||||||||17,600||17,087|
|Year 4|||||||||||||||18,128||17,600|
|Year 5|||||||||||||||7,684||18,128|
|Year 6|||||||||||||||||7,684|
##
##
##
##
##
##
|Present Values||ofProvision|ofProvision|||||||
|---|---|---|---|---|---|---|---|---|---|
|||||31August|||2020 (fs)|31aAugust 2019|31 August 2018(fs)|
|||||||||(fs)||
|Present value of||provision|||13,390|||14,342|5,766|
|Reconciliation|ofopening||and||closing provisions|||||
|||||||||Period Ending
31*'August 2020|Period Ending
31"August 2019|
|||||||||(Es)|(Es)|
|Provision at start||of pediod||||||14,342|5,766|
|Unwinding
ofthe||discount factor||(insert expense)||||151|108|
|Deficit contribution||paid||||||(1,233)|(502)|
|Remeasurements||—impact|ofany||changes||in|130|644|
|assumptions||||||||||
|Remeasurements-||amendments|||to the contributions||||8,326|
|schedule||||||||||
|Provision at end||ofperiod||||||13,390|14,342|
|Income and Expenditure|||Impact|||||||
|||||||||Period Ending
31"August 2020|Period Ending
31"August 2019|
|||||||||(Es)|(Es)|
|Interest expense||||||||151|108|
|Remeasurements||—impact|ofany||change|in||130|644|
|assumptions||||||||||
|Remeasurements||—amendments|||to the contribution||||8,326|
|schedule||||||||||
|Contributions
paid||in respect offuture service*||||||1233|502|
|Costs recognised||in income|and expenditure||||account|1,514|9,580|
|Assumptions||||||||||
||||||31 August||2020|31 August 2019|31 August 2018|
||||||% per|annum||%per annum|%per annum|
|Rate ofdiscount|||||0.90|||1.10|1.96|
##
|24. PENSION SCHEMES - continued|24. PENSION SCHEMES - continued|24. PENSION SCHEMES - continued||||||
|---|---|---|---|---|---|---|---|
|Present Values of|Provision|||||2020|2019|
|||||||8|f|
|Present value ofprovision||||||13,390|14,342|
|Reconciliation|ofopening
and|closing|provisions|||2020|2019
f|
|Provision at 1 September||||||14,342|5,786|
|Unwinding
ofthe|discount factor|||||151|108|
|Deficit contribution
paid||||||(1,2331|(502)|
|Remeasurements|—impact ofany change||in|assumptions||130||
|Remeasurements|-amendments|to the contribution|||schedule||8,326|
|Provision at 31|August|||||13,390|14,342|
|Income and expenditure
impact||||||2020
f|2019
f|
|Interest expense||||||151|108|
|Remeasurements|-impact ofany change||in|assumptions||130|644|
|Remeasurements|-amendments|tothe contdbution|||schedule||8,326|
|Contributions
paid in respect offuture service||||||||
|Costs recognised
in income and||expenditure||account||||
|Assumptions||||||2020|2019|
|||||||%per annum|%per annum|
|Rate ofdiscount||||||0.90|1.10|
##
##
##
|The following|schedule|shows the deficit contributions|agreed between|the company|and the scheme|at each year|
|---|---|---|---|---|---|---|
|end period:|||||||
||||||2020|2019|
|||||||6|
|Year 1|||||1,270|1,233|
|Year 2|||||1,308|1,270|
|Year 3|||||1,347|1,308|
|Year 4|||||1,387|1,347|
|Year 5|||||'I,429|1,387|
|Year 6|||||1,472|1,429|
|Year 7|||||1,516|1,472|
|Year 8|||||1,561|1,516|
|Year9|||||1,608|1,581|
|Year10|||||1,104|1,608|
|Year11||||||1,104|
||||||14,002|15,235|
##
|25. RECONCILIATIO
ACTIVITIES|N
|OF NET (INCOME)/EXPENDITI/RE
TO N|ET CASH INFLOW FROM|OPERATING|
|---|---|---|---|---|
||||2020|2019|
||||F|f|
|Net (expenditure)/income
for the year (as per the
statement offinancial activities)|||(8,777)|274,918|
|Adjustments
for:|||||
|Depreciation
charges|||99,515|81,746|
|Dividends,
interest and rents from investments|||(1,886)|(1,955)|
|Financing costs|||29,643|8,028|
|Defined benefit pension||scheme|||
|Decrease
in stocks||||1,544|
|(Increase)
in debtors|||(11,715)|(14,588)|
|Increase/(decrease)|in creditors||257,862|(178,967)|
|Net cash operating|activities||364,642|170,726|
##
|ANAL|YSIS OF CA|SH AND CASH EQUIVALENTS|||
|---|---|---|---|---|
||||2020|2019|
||||E|E|
|Cash|at bank and|in hand|381,287|196,350|
|Total|cash and cash equivalents||381,287|196,350|
##
|Consolidated
Statemen|t ofFinancial Activ|t ofFinancial Activ|ities —Compa|rative
figures
by fu|nd type||
|---|---|---|---|---|---|---|
|Year Ended 31August|2019|||Unrestricted|Restricted|Total|
|||||f|f|6|
|Income and endowments||from Charitable|activities||||
|School fees receivable||||3,695,323||3,695,323|
|Ancillary
trading
income||||149,906||149,906|
|Other trading activities|||||||
|Non-ancillary
trading
income||||109,385||109,385|
|Investments|||||||
|Bank and other interest||||1,955||1,955|
|Voluntary sources|||||||
|Grants
and donations|||||23,515|23,515|
|Total Incoming Resources||||3,956,569|23,515|3,980,084|
|Expenditure
on:|||||||
|Raising funds|||||||
|Non ancillary
trading||||25,591||25,591|
|Other income generating|activities||||||
|Financing costs||||8,028||8,028|
|Total Deductible Costs||||33,619||33,619|
|Charitable
activities|||||||
|Education
and grant making||||3,665,292|6,255|3,671,547|
|Net income||||257,658|17,260|274,918|
|Transfers
between
funds|||||||
|Net movement
in funds|for the year|||257,658|17,260|274,918|
|Fund balances
brought
forward||||3,443,403|16,959|3,460,362|
|Fund Balances Carried|Forward|||3,701,061|34,219|3,735,280|
##
##
##
##
##
||||||||2020f|2019
F|
|---|---|---|---|---|---|---|---|---|
|Central|Service|Levy|to|meet|running|costs|17,608|23,664|
||||||||17,608|23,664|
|2020f|2019f|
|---|---|
|192,534|56,733|
|192,534|66,733|
|
to Prestfelde
S|chool Limited during the new 2020/21|financial year.||
|---|---|---|---|
|||2020f|2019f|
||||1,428|
|Carbon Reduction|refund|303|264|
|Fees in Advance
Salary Recharges|Commission|29,489|42,986|
|||29,792|44,678|
##
##
##
##
##
##
##