2021-08-31-accounts

	Page
Company information	1-2
Directors' report (incorporating the Strategic report)	3-16
Directors' Responsibilities Statement	17
Independent auditor's report	18-21
Financial statements ofthecompany :
Consolidated Statement of Financial Activities	22
Charity Statement of Financial Activities	23
Consolidated and Charity Balance Sheets	24
Consolidated Statement of Cash Flows	25
Notes tothe Financial Statements	26-47

			Total	Of which
				boarders
Senior	School	(13-18 years)	371	177
Lower	School	(7-13 years)	130	10
Total			501	187

		Boys	Girls
Senior	School	225	146
Lower	School	86	44
Total		311	190

Summary of financial performance 2020 - 2021
Surplus forthe Year (see Page 12)	379,822
Loss Ellesmere College Enterprises Ltd	-53,799
Loss Ellesmere College International Ltd	-60
Less Depreciation	-262,303
Add Special Projects	32,452
Surplus (see Page 21)	96,112
*ofwhich £81,221 were unrestricted

		Unrestricted	Restricted	Endowed	Total	Total
	Notes	Funds	Funds	Funds	2021	2020
		£	£	£	£	£
Income and Endowments from :
Charitable Activities
School fees receivable	3	7,577,058	(6,699)		7,570,359	8,334,079
nciiiary trading income	4	776,415			776,415	748,704
Other trading activities
Non-ancillary trading income	5	55,490			55,490	88,439
Other activities	5					3,964
Investments
Investment income	6	8,283			8,283	6,259
Bank andother interest
Voluntary sources
Grants and Donations	7	1,131,909	29,693		1,161,602	1,177,601
Other incoming resources		292			292	1,878
TOTAL INCOMING RESOURCES		9,549,447	22,994		9,572,441	10,360,924
Expenditure on Raising Funds
Nonancillarytradingcosts	8	105,879			105,879	108,481
Other incomegenerating activities		716,144			716,144	761,109
Financing costs	9	63,902			63,902	143,925
Investment management		2,353			2,353	2,202
Fundraising and development		112,748			112,748	116,336
TOTAL DEDUCTIBLE COSTS	8	1,001,026			1,001,026	1,132,053
Charitable Activities
Education	8	8,529,188	8,103		8,537,291	8,886,513
TOTAL EXPENDITURE	8	9,530,214	8,103		9,538,317	10,018,566
Net income
before transfers		19,233	14,891		34,124	342,358
Realised gains on investmentassets	13	23,511			23,511	9,269
Unrealised gains on investmentassets	13	38,477			38,477	(7,657)
Net income/(expenditure)		81,221	14,891		96,112	343,970
Transfers betweenfunds	24
Net Movement in funds for the year		61,221	14,891		96,112	343,970
Fund balances at 1stSeptember		4,593,888	46,931		4,640,819	4,296,849
FUND BALANCES AS AT 31ST AUGUST		4,675,109	61,822		4,736,931	4,640,819

		Unrestricted	Restricted	Endowed	Total	Total
	Notes	Funds	Funds	Funds	2021	2020
		£	£	£	£	£
Income and Endowments from :
Charitable Activities
Schoolfees receivable	3	7,577,058	(6,699)		7,570,359	8,334,079
Ancillary trading income	4	776,415			776,415	748,704
Other trading activities
Ellesmere CollegeEnterprises Ltd		18,694			18,694	11,780
Other activities	5					3,964
Investments
Investment income	6	8,283			8,283	6,259
Voluntary sources
Grants and Donations	7	1,131,909	29,693		1,161,602	1,177,601
Other incoming resources		292			292	1,878
TOTAL INCOMING RESOURCES		9,512,651	22,994		9,535,645	10,284,265
Expenditure on Raising Funds
NonAncillary Trading		18,694			18,694	11,780
Other incomegenerating activities		716,144			716,144	761,109
Financingcosts	9	63,432			63,432	139,799
Investment management		2,353			2,353	2,202
Fundraising and development		112,748			112,748	116,336
TOTAL DEDUCTIBLE COSTS	8	913,371			913,371	1,031,226
Charitable Activities
Education	8	8,526,188	8,103		8,534,291	8,886,165
TOTAL EXPENDITURE	8	9,439,559	8,103		9,447,662	9,917,391
Net income
before transfers		73,092	14,891		87,983	366,874
Realised gains on investmentassets	13	23,511			23,511	9,269
Unrealisedgains on investmentassets	13	38,477			38,477	(7,657)
Net income		135,080	14,891		149,971	368,486
Transfers betweenfunds	24
Net Movement in funds for the year		135,080	14,891		149,971	368,486
Fund balances at 1stSeptember		4,618,404	46,931		4,665,335	4,296,849
FUND BALANCES AS AT 31ST AUGUST		4,753,484	61,822		4,815,306	4,665,335

	Note	Group		Charity
		2021	2020	2021	2020
		£	£	£	£
FIXED ASSETS
Tangible assets	12	7,663,924	7,843,891	7,663,924	7,843,891
Securities Investments	13	461,384	393,466	461,485	393,567
		8,125,308	8,237,357	8,125,409	8,237,458
CURRENT ASSETS
Stock		33,398	37,056	28,531	31,422
Debtors	14	706,565	676,508	814,496	724,316
Cash at bank and in hand		353,657	37,942	319,363	12,981
		1,093,620	751,506	1,162,390	768,719
CURRENT LIABILITIES
Creditors payable within one year	15	(3,325,468)	(3,145,576)	(3.315.964)	(3,138,374)
NET CURRENT LIABILITIES		(2,231,848)	(2,394,070)	(2,153,574)	(2,369,655)
**TOTAL ASSETS LESS CURRENT **	LIABILITIES	5,893,460	5,843,287	5,971,835	5,867,803
LONG TERM LIABILITIES
Creditors payable after one year	16	(1,156,429)	(1,202,368)	(1,156,429)	(1,202,368)
NET ASSETS		4,737,031	4,640,919	4,815,406	4,665,435
REPRESENTED BY :
Called up share capital	21	100	100	100	100
RESTRICTED FUNDS	24	61,822	46,931	61,822	46,931
UNRESTRICTED FUNDS
General reserve	24	4,675,109	4,593,888	4,753,484	4,618,404
		4,737,031	4,640,919	4,815,406	4,665,435

	Note	Group	Group
		2021	2020
		£	£
Cash flows from operating activities :
Netcash provided byoperating activities	31	483,528	269,964
Cash flows from investing activities :
Dividends, interestand rentsfrom investments	6	8,283	6,259
Proceedsfromthe sale ofproperty, plantand equipment
Purchase ofproperty, plantand equipment		(82,336)	(40,254)
Proceedsfromsale ofinvestments		90,880	84,885
Purchase ofinvestments		(96,810)	(88,943)
Net cash used in investing activities		(79,983)	(38,053)
Cash flows from financing activities :
Repaymentsofborrowing		(156,135)	(149,877)
Financing costs		(63,902)	(140,330)
Net cash used infinancing activities		(220,037)	(290,207)
Change in cash and cash equivalents in the year		183,508	(58,296)
Cash and cash equivalents at the beginning of the year		(711,039)	(652,743)
Cash and cash equivalents at the end of the year	32	(527,531)	(711,039)

The Schoolfees income comprises:
	2021	2020
	£	£
Grossfees	10,627,998	11,467,576
Less: Total scholarships, bursaries, etc	(3,057.639)	(3,133.497)
	7,570,359	8,334,079
Add back : Scholarships, Grants etc. paid for by
Restricted Funds	6,699	15,506
Unrestricted :	7,577,058	8,349,585

	2021	2020
	£	£
Entrancefeesand registrationfees	10,359	8,509
Fees in lieu ofnotice	130,579	55,193
Extra subjects	333,941	429,267
Other ancillaryeducational income	5,703	4,323
Pupil Bussing	202,550	160,532
Activities, Clubs, Events and House income	93,283	90,880
	776,415	748,704

OTHER TRADING ACTIVITIES (UNRESTRICTED) - GROUP
	2021	2020
	£	£
Non-ancillary trading income
Ellesmere College Enterprises Limited	55,490	88,439
Ellesmere College International Limited
	55,490	88,439
Interest receivable - pupils' bills		3,964
	55,490	92,403

	Unrestricted	Unrestricted	Restricted	Restricted	Endowed		Total		Total
							2021		2020
		£		£	£	£		£
Securities investment income
Dividends		7,594					7,594		6,241
Fixed interest		689					689		18
		8,283					8,283		6,259
£6,259 of income in 2020 was unrestricted.
**VOLUNTARY SOURCES - GRANTS **	**AND **	DONATIONS
	Unrestricted		Restricted		Endowed		Total		Total
							2021		2020
						£		£
Donations		25,198		29,693		54,891		55,797
Government Grant - CJRS	1,106,711					1,106,711		1,121,804
	1,131,909			29,693		1,161,602		1,177,601

a)Total Expenditure - Group
	Staff Costs	Depreciation	Support	Total	Total
	(note 10)	(note 12)	Costs	2021	2020
	£	£	£	£	£
Costs of raising funds
Non ancillary trading costs	67,376		38,503	105,879	108,481
Other income generating activities	444,070		272,074	716,144	761,109
Financing cost (note 9)			63,902	63,902	143,925
Investment management			2,353	2,353	2,202
Fundraising and development	103,766		8,982	112,748	116,336
Total	615,212		385,814	1,001,026	1,132,053
Charitable Expenditure
Education
Teaching	4,334,197	28,058	383,805	4,746,060	4,830,826
Welfare	573,348		449,918	1,023,266	1,030,727
Premises	793,619	234,245	952,032	1,979,896	1,930,772
School administration and governance	308,982		477,083	786,065	1,089,906
Grants, awards and prizes (note 8c)			2,004	2,004	4,282
Total	6,010,146	262,303	2,264,842	8,537,291	8,886,513
Total Expended - Group	6,625,358	262,303	2,650,656	9,538,317	10,018,566

b)Total Expenditure - Charity
	Staff Costs	Depreciation	Support	Total	Total
	(note 1 O)	(note 12)	Costs	2021	2020
	£	£	£	£	£
Costs of raising funds
Non Ancillary Trading			18,694	18,694	11,780
Other income generating activities	444,070		272,074	716,144	761,109
Financing cost (note 9)			63,432	63,432	139,799
Investment management			2,353	2,353	2,202
Fundraising and development	103,766		8,982	112,748	116,336
Total	547,836		365,535	913,371	1,031,226
Charitable Expenditure
Education
Teaching	4,334,197	28,058	383,805	4,746,060	4,830,826
Welfare	573,348		449,918	1,023,266	1,030,727
Premises	793,619	234,245	952,032	1,979,896	1,930,772
School administration and governance	308,982		474,083	783,065	1,089,558
Grants, awards and prizes (note 8c)			2,004	2,004	4,282
Total	6,010,146	262,303	2,261,842	8,534,291	8,886,165
Total Expended - Charity	6,557,982	262,303	2,627,377	9,447,662	9,917,391

Ellesmere College makes awardsto individualfamiliesto supportschooling
		2021	2020
From Restricted Funds :	£		£
Bursariesand othergrants and awards		6,699	15,506
From unrestricted funds :
Prizes and leaving awards		2,004	4,282
		8,703	19,788

Ellesmere College reimbursesgovernorsfor outofpocketexpenses includingtravel,subsistence	Ellesmere College reimbursesgovernorsfor outofpocketexpenses includingtravel,subsistence
and accommodation,where a claim is made. Notrusteeswere reimbursed duringthe year(2019 : NIL).
Group	2021	2020
	£	£
Remuneration paidto auditorfor auditservices	21,450	15,700
Additional remuneration paidto auditorfor prior years	4,760	12,000
Other governance costs		153
	26,210	27,853
Charity
Remuneration paid to auditorforauditservices	18,450	13,000
Additional remuneration paid to auditorfor prioryears	4,760	12,000
Reimbursementofpersonal expensesto governors
Othergovernancecosts		153
	23,210	25,153

FINANCING COSTS
	2021	2020
Group	£	£
Bank charges and Bank Loan Interest	47,251	61,284
Bad and doubtful debtincrease in provision	16,651	82,641
	63,902	143,925
Charity
Bankcharges and Bank Loan Interest	46,781	60,753
Bad and doubtful debtincrease in provision	16,651	79,046
	63,432	139,799

10	STAFF COSTS
	The aggregate payroll costsfortheyearwere :	2021	2020
		£	£
	Group
	Wages and salaries	5,383,346	5,622,031
	Social securitycosts	491,217	509,979
	Other pension costs	743,139	800,922
	Private medical insurance	7,656	9,604
		6,625,358	6,942,536
	Charity
	Wages and salaries	5,319,512	5,564,196
	Social securitycosts	488,916	507,905
	Other pension costs	741,898	799,571
	Private medical insurance	7,656	9,604
		6,557,982	6,881,276

connected	body.
				2021	2020
Aggregate	employee	benefits	ofkeymanagementpersonnel	615,646	772,386

	2021	2020
	Number	Number
£70,000 - £80,000	1
£80,000 - £90,000	1
£90,000 -£100,000		1
£140,000 -£150,000		1
£180,000 -£190,000		1
£190,000 - £200,000
The number with retirement benefits accruing :
- in Defined Contribution schemes was
Of which the contributions amounted to	4,200	15,356
- in Defined Benefit schemes was		2

	2021	2020
	Number	Number
Teaching	111	114
Welfare	42	53
Premises	49	52
Support	26	27
Group and Charity	228	246

Group and Charity	Land and	Motor	Computer	Plant and	Total
	Buildings	Vehicles	Equipment	Equipment
	Freehold
	£	£	£	£	£
Cost
At 1 September2020	8,834,333	219,478	78,023	1,584,421	10.716.255
Additions			82,336		82,336
Disposals				(36,863)	(36,863)
As 31 August 2021	8,834,333	219,478	160,359	1,547,558	10,761,728
Depreciation
At 1 September2020	1,511,908	186,116	42,074	1,132,266	2,872,364
Chargefortheyear	153,529	15,796	18,058	74,920	262,303
Disposals				(36,863)	(36,863)
At 31 August 2021	1,665,437	201,912	60,132	1,170,323	3,097,804
Net book value
at 31 August 2021	7,168,896	17,566	100,227	377,235	7,663,924
Net book value
at 31 August 2020	7,322,425	33,362	35,949	452,155	7,843,891

SECURITIES INVESTMENTS
	Securities	Securities
Group	Investments	Investments
	2021		2020
	£	£
Group Investments
At 1 September	393,466	387,797
New money invested
Reinvested income	8,283		6,259
Investment managementfees	(2,353)	(2,202)
Increase in value of investments	61,988		1,612
Group investments at 31 August	461,384	393,466
Investment in subsidiaries	101		101
Charity investments at 31 August	461,485	393,567
Investments comprise :
Listed Investments
Index Linked	6,838		18,738
Other UK Fixed Interest	26,864		12,374
UK Specialist Credit	o		6,110
Property	21,343		o
Overseas Index Linked	11,483		11,567
Alternative investments	25,901		49,708
Multi Asset	7,073	11,715
Global	27,624		21,539
UK Equities	163,993	100,572
America Indirect	o		82,581
Continental Europe	25,590		10,280
North America	78,304		o
Japan Indirect	13,214		11,166
Pacific Basin	31,400		8,360
Pacific Basin Indirect	o		18,705
Other overseas equities	20,266		16,991
Cash	1,491		13,060
Group investments at 31 August	461,384	393,466
Investment in subsdiaries	101		101
Charity investments at 31 August	461,485	393,567
Historical cost of investments	349,855	308,703

DEBTORS
	Group		Charity
	2021	2020	2021	2020
	£	£	£	£
Schoolfees receivable	343,187	183,883	343,187	183,883
Trade debtors	231	1,265
Other debtors	140,505	299,468	140,505	299,468
Prepayments and accrued income	220,034	190,207	219,510	189,360
Amounts duetrom subsidiary companies			108,686	49,920
Amounts due from parent company	2,608	1,685	2,608	1,685
	706,565	676,508	814,496	724,316

CREDITORS: DUE WITHIN ONE YEAR
	Group		Charity
	2021	2020	2021	2020
	£	£	£	£
Bank loans and overdrafts	1,039,775	898,063	1,039,775	898,063
Fees received from parents in advance
ofterm	1,079,953	1,020,065	1,079,953	1,020,065
Repayable depositsfrom parents	379,209	442,138	379,209	442,138
Trade creditors	256,569	254,239	250,143	251,545
Taxation and social security	125,527	149,063	123,192	147,715
Other creditors	116,231	141,741	116,231	141,741
Accruals	328,204	240,267	321,240	232,707
Amounts due to subsidiary companies			6,221	4,400
	3,325,468	3,145,576	3,315,964	3,138,374

	Group and Charity
	2021	2020
	£	£
Repayable Depositsfrom Parents	599,600	479,900
Bank loans	556,829	722,468
	1,156,429	1,202,368

		2021	2020
		£	£
The	bank loans are repayable by instalments
Due	after 5 years	20,484	63,389
Due	within 2 to 5 years	374,795	498,929
Due	within 1 to 2 years	161,550	160,150
Due	after more than one year	556,829	722,468
Due	within 1 year	158,586	149,082
		715,415	871,550

18	REPAYABLE DEPOSITS FROM PARENTS
		2021	2020
		£	£
	The deposits become repayable when the pupil leaves :
	Due after 5 years	67,400	60,000
	Due within 2 to 5 years	361,000	270,500
	Due within 1 to 2 years	171,200	149,400
	Due after more than one year	599,600	479,900
	Due within 1 year	379,209	442,138
		978,809	922,038
19	COMMITMENTS UNDER OPERATING LEASES
		2021	2020
		£	£
	Within 1 year	33,372	41,235
	Between 2 and 5 years	61,161	94,533
	After 5 years
		94,533	135,768

FINANCIAL INSTRUMENTS
	2021	2020
	£	£
FINANCIAL ASSETS:
Debt instruments at amortised cost
Trade debtors	343,418	185,148
Group debtors	2,608	1,685
Otherdebtors	140,505	299,468
	486,531	486,301
The comparative figures have been restated to show an	accurate postion ofthe financial	insturments.
	2021	2020
	£	£
FINANCIAL LIABILITIES:
Financial liabilities at amortised cost
Bank overdrafts	881,188	748,981
Trade creditors	256,569	254,239
Group creditors
Other creditors	715,832	647,512
Accruals	328,204	240,267
Borrowings - bank loans	715,415	871,550
	2,897,208	2,762,549

SHARE CAPITAL
		2021		2020
	£		£
Authorised
100 Ordinary shares of£1 each		100		100
Allotted, called up and fully paid
100 Ordinary shares of£1 each		100		100

			Total
	Unrestricted	Restricted	2021
	£	£	£
Tangiblefixed assets	7,663,924		7,663,924
Securities investments	461,384		461,384
Netcurrent (liabilities)/assets	(2,231,848)	61,822	(2,170,026)
Long term liabilities	(1,156,429)		(1,156,429)
	4,737,031	61,822	4,798,853
			Total
	Unrestricted	Restricted	2020
	£	£	£
Tangiblefixed assets	7,843,891		7,843,891
Securities investments	393,467		393,467
Netcurrent (liabilities)/assets	(2,441,002)	46,931	(2,394,071)
Longterm liabilities	(1,202,368)		(1,202,368)
	4,593,988	46,931	4,640,919

	Balanceat 1				Gains/
	September	Incoming	Resources	(Losses)/		Balance at 31
	2020	resources	expended	Transfers		August2021
	£	£	£	£		£
Restricted Funds
Schulze Fund	4,435		(4,435)
Peter Messenger Fund	3,358	12	200			3,570
Mullock Scholarship	1,899	475				2,374
Enhance Ellesmere	27,589	607	(3,668)			24,528
IanBeer Rugby Scholarship	604	279	(883)
Silver Cross Scholarship	1,555		(1,555)
LeaversGift	7,491	18,320				25,811
Walker Scholarship
AdlardScholarship		10,000	(4.461y			5.539
	46,931	29,693	(14,802)			61,822
Unrestricted Funds
General Reserve	4,593,888	9,549,447	(9,530,214)	61,988		4,675,109
	balanceat 7				6amns/
	September	Incoming	Resources	(Losses)/		Balance at 31
	2019	resources	expended	Transfers		August2020
	£	£	£	£		£
Restricted Funds
Schulze Fund	4,435					4,435
Peter Messenger Fund	2,778	1,180	(600)			3,358
Mullock Scholarship		11,394	(9,495)			1,899
Enhance Ellesmere	31,427	17,427	(21,265)			27,589
Covid FaceMask Project		8,127	(8,127)
Ian Beer RugbyScholarship	268	336				604
Silver Cross Scholarship	2,777		(1,222)			1,555
LeaversGift	(2,021)	16,250	(15,301)		8,563	7,491
Walker Scholarship	4,189		(4.189)
	43,853	54,714	(60,199)		8,563	46,931
Unrestricted Funds
General Reserve	4,252,996	10,321,716	(9,973,873)	(6,951)		4,593,888

	2021	2020
Opening charity creditor	(4,400)	(4,872)
Opening charity debtor	49,920	283,708
Recharged tosubsidiaries	87,238	79,696
Paid bysubsidiaries	(28,471)	(313,483)
Invoiced by Subsidiaries	(99,578)	(183,289)
Paid by Ellesmere College	97,756	183,760
GiftAidfrom Subsidiary
	102,465	45,520
Closing charitycreditor	(6,221)	(4,400)
Closing charitydebtor	108,686	49,920
	102465	45,520

Year Ended 31 August 2020
	Unrestricted	Restricted	Endowed	Total
	Funds	Funds	Funds	2020
	£	£	£	£
lnrme an Fnumnte from ·
Charitable Activities
School fees receivable	8,349,585	(15,506)		8,334,079
Ancillary trading income	748,704			748,704
Other trading activities
Non-ancillarytrading income	88,439			88,439
Other activities	3,964			3,964
Investments
Investment income	6,259			6,259
Bank and other interest
Voluntary sources
Grants and Donations	1,122,887	54,714		1,177,601
Other incoming resources	1,878			1,878
TOTAL INCOMING RESOURCES	10,321,716	39,208		10,360,924
Expenditure on Raising Funds
Non ancillary trading costs	108,481			108,481
Other income generating activities	761,109			761,109
Financing costs	143,925			143,925
Investment management	2,202			2,202
Fundraising and development	116,336			116,336
TOTAL DEDUCTIBLE COSTS	1,132,053			1,132,053
Charitable Activities
Education and grantmaking	8,841,820	44,693		8,886,513
TOTAL EXPENDITURE	9,973,873	44,693		10,018,566
Net income and expenditure
before transfers	347,843	(5,485)		342,358
Realised gains on investment assets	9,269			9,269
Unrealised gains on investment assets	(7,657)			(7,657)
Net incoming/(outgoing) resources	349,455	(5,485)		343,970
Transfers between funds	(8,563)	8,563
NET INCOME AND CAPITAL (OUTFLOW)	340,892	3,078		343,970
Pension scheme actuarial losses
Net Movement in funds for the year	340,892	3,078		343,970
Fund balances at 1st September 2019	4,252,996	43,853		4,296,849
FUND BALANCES AS AT 31ST AUGUST 2020	4,593,888	46,931		4,640,819

	Group	Group
	2021	2020
	£	£
Net income for the reporting period (as per the statement
of financial activities)	96,112	343,970
Adjustments for:
Depreciation charges	262,303	274,157
(Gains)on investments	(61,988)	(1,612)
Dividends, interestand rentsfrom investments	(8,283)	(6,259)
Financing costs	63,902	140,330
Decrease/(lncrease) in stocks	3,658	23,697
Decrease/(lncrease) in debtors	(30,057)	29,333
lncrease/(Decrease) in creditors	157,881	(533,652)
Net cash provided by operating activities	483,528	269,964
	Group	Group
	2021	2020
	£	£
32. ANALYSIS OF CASH AND CASH EQUIVALENTS
Cash atbankand in hand	353,657	37,942
Overdraftfacility repayable on demand	(881,188)	(748,981)
Total cash and cash equivalents	(527,531)	(711,039)