##
##
||Page|
|---|---|
|Company
Information||
|Directors' Report (incorporating
the Strategic Report)||
|Directors' Responsibilities
Statement|20|
|Independent
Auditor's
Report|21|
|Consolidated
Statement of Financial Activities|24|
|Charity Statement
of Financial Activities|25|
|Consolidated
and Charity Balance Sheet|26|
|Consolidated
Cash Flow Statement|27|
|Notes to the Financial Statements|28|
##
##
|Directors|||Mrs L M Nash BEd FIDD|Mrs L M Nash BEd FIDD|ISM (Chairman|and Custos)|
|---|---|---|---|---|---|---|
||||Dr RA K Mott BA|PhD (Vice-Custos)|||
||||SJ Carder MA MBA||||
||||Mrs CA Cavaghan-Pack||BEdJP||
||||Mrs C A Cooper||||
||||G P Davis FCA||||
||||M D Featherstone|MA PGCE|||
||||C H Hirst MA||||
||||J ER Houghton
MA||||
||||R M U Lambert||||
||||WJ Morrison BScMRICS||||
||||Mrs LCScott BAPGCE||||
||||Bishop W N Stock|BA, Dip Theol.|||
||||M FTrimble BScACA FCSI||||
||||Captain JR A Woodard||||
|Secretary|||SCWorthy BA MBA||||
|Charity Number|||1103346||||
|Company|Number||05084301||||
|Registered|Office||20 Holway Avenue||||
||||Taunton||||
||||TA1 3AR||||
|Principal Addresses|||King's College Taunton||||
||||South Road||||
||||Taunton||||
||||Somerset||||
||||TA1 3LA||||
||||King's Hall School||||
||||Kingston Road||||
||||Taunton||||
||||Somerset||||
||||TA2 8AA||||
|Key Management||Personnel|||||
|Heads|||R Biggs, MA BSc(King's College Taunton)
JTSChippendale,
BSc(King's Hall School)||||
|Director ofFinance and|||SC Worthy BA MBA||||
|Operations|||||||
##
|Auditors||RSM UK Audit LLP|RSM UK Audit LLP|RSM UK Audit LLP|||
|---|---|---|---|---|---|---|
|||Hartwell
House|||||
|||55-61 Victoria Street|||||
|||Bristol|||||
|||BS16AD|||||
|Tax advisers||RSM UK Tax and Accounting||||Limited|
|||St Philips Point|||||
|||Temple Row|||||
|||Birmingham|||||
|||West Midlands|||||
|||B25AF|||||
|Bankers||National Westminster|||Bank pic||
|||49 North Street|||||
|||Taunton|||||
|||TA1 1NB|||||
|Solicitors||DAS Law Limited|||||
|||North Quay|||||
|||Temple Back|||||
|||Bristol|||||
|||BS16FL|||||
|||Porter Dodson|||||
|||The Quad|||||
|||Blackbrook Park||Avenue|||
|||Taunton|||||
|||TA1 2PX|||||
|||Veale Wasbrough||Vizards|||
|||Narrow Quay House|||||
|||Narrow Quay|||||
|||Bristol|||||
|||BS14QA|||||
|Insurance|Brokers|Marsh Insurance||Brokers Limited|||
|||Capital House|||||
|||1-5Perrymount|Road||||
|||Haywards
Heath|||||
|||RH16 3DU|||||
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|||||||Unrsstricted|Restricted|||
|---|---|---|---|---|---|---|---|---|---|
||||||Notes|Funds|Funds|2020|2019|
|INCOME FROM:||||||||||
|Charitable
Activities||||||||||
|School fees receivable||||||12,407,317||12,407,317|13,664,824|
|Ancillary trading
income||||||624,185||624,185|780,620|
|Other trading activities||||||||||
|Non-ancifiary
trading
income||||||228,266||228,266|431,215|
|Other activities||||||9,872||9,872|10,447|
|Investni snts||||||||||
|Investment
Income||||||36,165||$6,165|43,f19|
|Bank and other interest||||||12,411||12,411|11,450|
|Voluntary sources||||||||||
|Appeal income and donations||||||756,814|29,853|786,667|205,867|
|TOTAL INCOME||||||14,075,030|29,853|14,104,883|15,127,542|
|EXPENDITURE ON:||||||||||
|Raising funds||||||||||
|Non-ancigary
trading||||||30,047||30,047|172,931|
|Financing costs||||||(78,837)||(78,837)|21,155|
|Investment
management||||||20,497||20,497|19,731|
|||||||(28,29$)||(28,293)|213,817|
|Charitable
Activities||||||||||
|Education
and grant making|||||7|14,202,333|6,520|14,208,853|14,014,214|
|TOTAL EXPENDITURE||||||14,174,040|6,520|14,180,560|14,228,031|
|Net income and expenditure||before transfers||||(99,010)|2$,333|(75,677)|899,511|
|Realised gains/(losses)|on investment|||assets|1$|(28,468)||(28,468)|(13,775)|
|Unrealised
gains on investment|||assets||13|53,813||53,813|51,806|
|Net income||||||(73,685)|23,33$|(50,332)|937,541|
|Transfers between
funds|||||21|875|(875)|||
|NET MOVEMENT
IN FUNDS FOR THE||||YEAR||(72,790)|22,458|(50,332)|937,541|
|Fund balances at 1 September|||2019|||18,252,945|190,857|18,443,802|17,506,261|
|FUND BALANCES at 31August|||2020|||18,180,155|213,315|18,393,470|18,443,802|
##
##
##
|||||||Unrestricted|Restricted|||
|---|---|---|---|---|---|---|---|---|---|
||||||Notre|Funds|Funds|2020|2019|
|INCOME FROM:||||||||||
|Charitable
Activities||||||||||
|School fess receivable||||||12,407,317||12~7,317|13,664,824|
|Ancillary trading
income||||||624,185||624,185|760,620|
|Other trading activities||||||||||
|Non-anci8aiy
trading
income||||||198,219||198,219|348,564|
|Other activities||||||9,872||9,872|10,447|
|Investments||||||||||
|Investment
Income||||||36,165||36,165|43,119|
|Bank and other interest||||||12,411||12,411|11,450|
|Voluntary sources||||||||||
|Appeal
income and donations||||||756,814|29,853|786,667|205,867|
|TOTAL INCOISE||||||14,044,983|29,853|14,074,836|15,044,891|
|EXPENDITURE ON:||||||||||
|Raising funds||||||||||
|Financing costs||||||(78,837)||(78,837)|21,155|
|Investment
management||||||20,497||20,497|19,731|
|||||||(58,340)||(58,340)|40,886|
|Charitable Activities||||||||||
|Education
and grant making|||||7|14,202,333|6,520|14,208,853|14,014,214|
|TOTAL EXPENDITURE||||||14,143,993|6,520|14,150,513|14,055,100|
|Net income and expenditure||before transfers||||(99,010)|23333|(75,677)|989,791|
|Realised gainer(losses)|on investment|||assets|13|(28,468)||(28W8)|(13,776)|
|Unrealised
gains on investment|||assets||13|53,813||53,813|51,806|
|Net income||||||03,665)|23,333|(50,332)|1,027,821|
|Transfers between
funds|||||21|875|(875)|||
|NET MOVEMENT
IN FUNDS||FOR THE||YEAR||(72,790)|22,458|(50,332)|1,027,821|
|Fund balances at 1 September||2019||||18,252,945|190,857|18,443,802|I7,415,981|
|FUND BALANCES at 31August|||2020|||18,180,155|213,315|18,393,470|I8,443,802|
##
##
|||GROUP||CHARITY|CHARITY|
|---|---|---|---|---|---|
||Notes|2026f|2010f|2020
8|2019
f|
|FIXEDASSETS||||||
|Tangible assets|12|15,506,882|15,893,236|15,506,882|15,893,236|
|Investments|13|2,249,599|2,293,902|2,249,599|2293,902|
|Investments
in subsidaries|13|||101|101|
|||17,756,481|18,187,138|17,756,582|18,187,239|
|CURRENTASSETS||||||
|Stocks||22,782|21,468|22,782|21,468|
|Debtors|14|678,743|594,662|1,285,986|1,275,469|
|Cash||5,911,109|5,900,389|5,280,509|5,161,435|
|||6,612,634|6,515,519|6,589,277|6,458,372|
|CREDITORS: due within one year|15|(4,392,603)|(5,041,701)|(4,369,347)|(4,983,655)|
|NET CURRENT ASSETS||2,220,031|1,474,818|2,219,930|1,474,717|
|TOTAL ASSETSLESSCURRENT LIAPILmES||19,976,512|19,661,956|19,976,512|19,651,956|
|CREDITORS: due afisr more than one year|16|(1,582,942)|(1,218,054)|(1,582,942)|(1,218,054)|
|TOTAL NETASSETS||18,393,570|18,443,902|18,393,570|18,443,902|
|CAPITAL AND RESERVES||||||
|Called up share capital|13|100|100|100|100|
|FUNDS||||||
|Restricted funds|21|213,315|190,857|213,315|190,857|
|Unrestricted
funds||||||
|General|21|15,653,483|15,758,580|15,653,483|15,758,580|
|Designated|21|2,526,672|2,494,365|2,526,672|2,494,365|
|||18,160,155|18,252,945|18,180,155|15,252,945|
|EQUITYSHAREHOLDERS'FUNDS||18,393,570|16,443,902|18,393,570|18,443,002|
##
##
||||2020|2019.|
|---|---|---|---|---|
|Net income for the year|||(50,332)|937,.541|
|Depreciation
oftangible fixed|assets||507,740|519,222|
|Investment
interest received|.||(36,165)|(43,119)|
|Bank interest received|||(12'1)|(11,450)|
|interest payable|||9,943|10,305|
|Gains on investments|||(4,848)|(18,299)|
|(Increase)/decrease
in debtors|||(84,081)|I00;205|
|(Decrease)/Increase
in creditors|||(649,098)|235,755|
|Increase/(decrease)
in creditors due after more than one year|||364,888|(382,685)|
|(Increase)/decrease
in stocks|||(1,314)|(7,324)|
|Net cash inflow from operating||activities|44,322|1,340,152|
|Cash flows from Investing
activites|||||
|investment
interest received|||36,165|43,119|
|Bank interest received|||12,411|11,450|
|New money invested|||(93,102)|(85,259)|
|Increase
in investment
uninvested||cash|83,777|59,415|
|Investment
amounts
extracted|||58.476|54,860|
|Purchase oftangible fixed assets|||(121,386)|(235,920)|
||||(23,659)|(155,334)|
|Cash inflow before financing|||20,663|f,fee,efe|
|Financing|||||
|Interest Paid|||(9,943)|(10,306)|
|Cash oufflcw from financing|||(9,943)|(10,306)|
|Increase
in cash In the year|||10,720|1,174,512|
|Cash balances at the start ofthe year|||5,900,389|4,725,575|
|Cash balances at the end of|the|year|5.911,109|5,900,389|
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|2|CHARITABLE ACTIVITIES -A||NCILLARY TRADING INCOME|||||Group and Charity||
|||||||||2020
f|2019
f|
||Extra subjects|||||||368,280|476,223|
||Entrance and registration||fees and fess in lieu|ofnotice||||88,'730|41,743|
||Commissions
and|other income||||||167,175|242,654|
|||||||||624,185|760,620|
|3|OTHER TRADING ACTIVITIES|||||||Group||
||Nonurncglary
trading|income||||||2020f|2019f|
||Rents receivable|and other sales||||||4,800|5,500|
||WST Enterprises|Ltd||||||64,335|287,043|
||KST International|Ltd||||||159,131|136,672|
|||||||||22S,266|431,215|
|||||||||Charity||
||Nonutncigary
trading|income||||||2020f|2019f|
||Rents receivable|and other sales||||||4,800|5,500|
||WST Enterprises|Ltd||||||50,242|138,908|
||KST International|Ltd||||||143,177|204,156|
|||||||||198,219|348,504|
|||||||||Group and Charity||
||Other activities|||||||2020|2019|
|||||||||f||
||Interest on overdue fees|||||||9,872|'f0,447|
|||||||||9,672|10447|
|4|INVESTMENTS - INVESTMENT INCONIE|||||||Group and Charity||
|||||||||Tots I|Total|
||Securities Investment|Income
Unrestrictedf||||Restricted|f|2020f|2010|
||Equities|||15,141||||15,141|24,253|
||Fixed interest|||18,673||||18,673|17,851|
||Cash|||2,351||||2,351|1,005|
|||||36,165||||36,165|43,119|
|5|INVESTISENTS
~BANK AND OTHER INTEREST|||||||Group and Charity||
|||||||||Total|Total|
||||Unrestricted||f|Restricted|f|2020
f|2019
f|
||Bank interest|||12,411||||12,411|11,450|
|||||12,411||||12,411|11,450|
##
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##
##
||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|V|OLUNTARY SO|URCES -|GRA|NTS AND DONATIONS|||||||Group and Charity||
||||||||||||Total|Total|
|||||||Unrestricted|||||2020|2010|
||||||||6||||8||
||Government|Grant CJRS|||||618,531||||618,531||
||Donations||||||138,283||29,853||108136|205667|
||||||||756,814||29,853||786,687|205,867|
|ANALYSIS OF EXPENDITURE|||||||||||||
|a)|Total ExPendltum|||||||Group|||||
|||||Stair Costs|||Support|Depreciation|||Total|Torsi|
||||||(note 9)||Costs|(note 12)|||2020|2019|
||||||||8|||8|6|8|
|Costs ofraising||funds:|||||||||||
||Non ancillary trading||||4,034||26,013||||30,047|172931|
||Financing cast|(nate 8)|||||(78,837)||||P8,837)|21,155|
||Investment
management||||||20,497||||20,497|10,731|
||Total cost of|raising funds|||4,034||(32,327)||||(28293)|213,817|
|Charitable
expenditure|||||||||||||
||Teaching|||8,339,559|||467,041||30,798||6,837,398|6,624,516|
||Welfare||||638,232||1,013,652||4,707||1,658,591|2032260|
||Premises||||831,070||1,703,638|287,031|||2,821,730|3,011,413|
||School administration|||1,140,119|||1,333,420|185,204|||2,658,743|2,236,784|
||Grants, awards|snd prizes|||||||||||
||(ali Sam vnrestictsd
funds)||||||11,255||||11,255|8,935|
||Governance||||||216,607||||216,607|66,259|
||Expenditure
from restricted||||||||||||
||funds||||||6,520||||6,520|14,016|
|Total charitable||expenditure||8,948,980|||4,752,133|507,740|||14,208,853|14,014,214|
|Total expenditure||||8,953,014|||4,719,806|507,740|||14,180,560|14,228,031|
|b)|Governance|Included|in support||costs||||||||
||King's Schools Taunton||reimburses||governors|for|out ofpocket|expenses||including|travel subsistence|snd|
||accommodation,
where a claim is made. Two trustees were reimbursed
reimbumed
a total of82,427)||||||||6837during||the year (2019:five were||
||||||||||||Total|Total|
||||||||||||2020|2019|
||||||||||||E|f|
||Remuneration|paid to auditor||for audit services|||||||21,900|14,700|
||Additional
remuneration||paid|to auditom for prior year|||||||610|706|
||Reimbursement
afpersonal expenses to governors||||||||||837|2,427|
||||||||||||23,347|17,127|
|FINANCING COSTS|||||||||||Group and Company||
||||||||||||2020|2019|
||||||||||||8|f|
||Otherintersst|paid|||||||||762|292|
||Bank charges||||||||||0,182|10,014|
||Provision for|bad and doubfful debts|||||||||(88,781)|10,040|
||||||||||||(78,837)|21,155|
##
##
##
##
|STAFFCO8TS||Group||
|---|---|---|---|
|The aggregate
payroll costs for the year were:||2020|2019|
|||5||
|Wages and salaries||7,277,845|7,293,377|
|Social security|costs|SSS,861|656,176|
|Teachers' pension
a&ntributlons||901,$18|032,215|
|Other pension|contributions|113,924|98,875|
|Private Medical Insurance||4,068|4,914|
|||8,95$,014|8,883,557|
|||Charity||
|||2020|2019|
|||E|E|
|Wages snd salaries||7,27$,811|7,248,157|
|Social securily|casts|655,861|055,298|
|Teachers' pension
contributions||901,$18|632215|
|Other pension|contributions|11$,924|96,490|
|Private Medical|Insurance|4,066|4,914|
|||8,948,980|8,637,063|
|||||||||2020|2019|
|---|---|---|---|---|---|---|---|---|---|
|||||||||8||
|Aggregate|employee
benefits of key management||||personnel|||41$,922|395,509|
|The Headmasters
and the Director|||of Finance and||Operations||are classed by the Schaol ss being the Key|||
|Management||Personnel.||||||||
|The number||ofemployees
whose annual||emoluments||were E|60,000or more was:|||
|||||||||2020|2019|
|||||||||(number)|(number)|
|||f60,001 - E70,000
E70,001 - f80,000||||||3|2
1|
|||E80,001 - E90,000|||||||1|
|||E90,001 - E 100,000|||||||1|
||E 100,001-E110,000|||||||||
||E110,001 - E120,000|||||||||
|The average||number ofemployees|during|the year|calculated||on a head count basis|was:||
|||||||||2020|2019|
|||||||||(number)|(number)|
|Teaching||staff||||||130|130|
|Others||||||||1$7|141|
|||||||||267|271|
##
##
##
##
|GROUP|Freehold||||||
|---|---|---|---|---|---|---|
||Land 6|Plant 6|Furniture|Computer|Motor||
||Buildings|Equipment|8 Fittings|Equipment|Vehicles|Total|
||6||8|6|6|8|
|Cost|||||||
|At 1 September 2019|17,679,659|639,911|943,814|775,547|23,400|20,062,331|
|Additions|38,063|32,917||50,406||121,386|
|At 31August 2020|17,717,722|672,828|943,814|825,953|23,400|20,183,717|
|Depreciation|||||||
|At 1 September 2019|2,533,761|325,329|868,639|431,893|9,473|4,169,095|
|Charge for the year|273,744|66,114|14,130|147,902|5,850|507,740|
|At 31August 2020|2,807,505|301,443|882,769|579,795|15,323|4,676,835|
|Net book value|||||||
|At 31August 2020|14,910,217|281,385|61,045|246,158|8,077|15,506,882|
|Net book value|||||||
|at 31August 2019|15,145,898|314,582|75,175|343,654|13,927|15,893,236|
|COMPANY|Land ft||||||
||Buildings|Plant 6|Furniture|Computer|Motor||
||Freehold
6|Equipment
6|8Fittings
6|Equipment
6|Vehicles
6|Total
f|
|Cost|||||||
|At 1 September 2019|17,679,659|639,911|943,814|775,547|23,400|20,062,331|
|Additions|38,063|32,917||50,406|-|121,386|
|At 31August 2020|17,717,722|672,828|043,814|825,953|23,400|20,183,717|
|Depreciation|||||||
|At 1 September 2019|2,533,761|325,329|868,639|431,893|9,473|4,189,095|
|Charge for ths year|273,744|66,114|14,130|147,902|5,850|507,740|
|At 31August 2020|2,807,505|301,443|882,760|579,795|15,323|4,676,835|
|Net book value|||||||
|At 31August 2020|14,910,217|281,385|61,045|246,158|8,077|15,506,882|
|Net book value|||||||
|at 31August 2019|15,145,898|314,582|75,175|343,654|13,927|15,893,236|
##
##
|13|SECURITIES INVESTMENTS||||
|---|---|---|---|---|
||||2020|2019|
||Group investments||||
||At 1 September 2019||2,457,180|2,405,483|
||New money invested||56,938|45,140|
||Reinvested
income||36,165|43,119|
||Amounts
extracted||(58,468)|(54,660)|
||Management
fees||(20,505)|(19,732)|
||Realised gains on investments||(28,468)|(13,776)|
||Unrealised
gains on investments||53,813|51,806|
||Group investments
at 31August|2020|2,496,655|2,457,180|
||Less: Investments
classified as|cash|(247,058)|(163,276)|
||Group investments
at 31August|2020|2,249,599|2,293,902|
||Investments
in subsidaries||101|101|
||Company
investments
at 31August 2020||2,249,700|2,294,003|
||Investments
comprise:||||
||Listed investments||||
||Fixed interest||631,907|671,477|
||Equities||1,159,403|1,141,905|
||Alternative
investments||||
||Hedge funds||100,168|236,467|
||Commercial
property funds||52,032|83,462|
||Commodities
and other||306,089|160,591|
||Group investments
at 31August|2020|2,249,599|2,293,902|
||Investments
in subsidiaries||101|101|
||Company
investments
at 31August 2020||2,249,700|2,294,003|
##
##
|14|DEBTORS|||||Group||Company||
|---|---|---|---|---|---|---|---|---|---|
|||||||2020
6|2019f|2020
6|20rg
5|
||School fees receivable|||||171,813|f81,794|171,813|181,794|
||Trade debtors|||||123,749|41,889|||
||Other debtors|||||36,347|18,569|36,347|18,559|
||Prepayments
snd accrued income|||||346,834|344,440|346,834|344,440|
||Amounts
owed by group|undertakings||||||730,992|722695|
||Woodard
Corporation||||||7,970||7,970|
|||||||678743|594062|1)285i986|f275469|
|15|CREDITORS: Amounts|falling due within|||one year|Group||Company||
|||||||2020
6|2019|2020
6|2019f|
||Deposits from parents|||||320,458|274,709|320,458|274,709|
||Fees received
in advance ofterm|||||2,150,710|3,086,906|2,150,710|3,085,905|
||Trade creditors|||||884,181|585,023|884,181|575,f61|
||Taxes and Social Security costs|||||208,443|225,006|188,487|182,fT4|
||Pension Scheme Deficit|Recovery Plan||||43,612|42,342|43,612|42,342|
||Other creditors|||||455,116|501,T22|455,116|501,722|
||Woodard
Corporation|||||62||62||
||Accruals|||||330,021|325,393|32$,721|320,641|
|||||||4,392,603|5,04f,701|4,369,347|4,983,655|
||Summary
ofmovement||in deferred|income||||||
||Balance at 1 September|2019||||||3,086,906||
||Amounts
arising
in the year|||||||2,150,710||
||Amounts
transferred
to SOFA|||||||(3,08$,908)||
||Balance at 31 August 2020|||||||2,150,710||
||Deferred income arises|due|tofee payments||received in advance ofthe new||financial
year.|||
|16|CREDITORS: Amounts|falling due after||one year||||Group and Company||
|||||||||2020|2019|
|||||||||6|f|
||Deposits from parents|||||||1,426,339|1,021,754|
||Pension Scheme Deficit|Recovery Plan||||||156,603|196,290|
|||||||||1,5$2,942|f,218,054|
##
##
|17|COMMITMENTS
UNDER OPERATING LEASES|COMMITMENTS
UNDER OPERATING LEASES|COMMITMENTS
UNDER OPERATING LEASES|||Group and|Company|
|---|---|---|---|---|---|---|---|
||The future
minimum|commitments|under non-cancellable|operating|leases|||
||are:|||||||
|||||||2020f|2019f|
||within
1year|||||50,843|60,124|
||within
1 to5 yearn|||||94,23$|137,432|
||after 5years|||||||
|||||||145,079197,556||
|18|SHARE CAPITAL|||||Group and|Company|
|||||||2020|2019|
|||||||8|f|
||Authorised|||||||
||100Ordinary shares off 1each|||||100|100|
||AEoued, called up and fully paid
100Ordinary
shares offI each|||||100|100|
|1$|FINANCIAL INSTRUMENTS|||||||
|||||||Group and|Company|
||FINANCIAL ASSETS:|||||2020|2019f|
||Investments
held at|FV through|Profit and Loss|||2,249,599|2,293,902|
##
##
##
##
##
##
|Income and expenditure|Income and expenditure|Impact||||||2020|2019|
|---|---|---|---|---|---|---|---|---|---|
|||||||||6|5|
|Interest expense||||||||2,095|10,413|
|Remsssuremenls|-impact ofany||change||in assumptions|||1,830|4,484|
|Remessuremenls|-amendmerds||tothe contribution||||schedule||(355,346)|
|AssumpEons||||||||2020|2019|
|||||||||N per annum|N per annum|
|Rate ofdiscount||||||||0.55|0.97|
|The discount rates shown above are|||the equivawnt|||single discount rates which, when used to discount the future||||
|recovery
plan consibufions||due, would||give|the same||resuhs as using a full AA corporate
bond||yield curve to|
|discount the same recovery plan contributions.||||||||||
|Deficit contributions|schedule|||||||2020|2019|
|||||||||8||
|Year 1||||||||43,812|42,342|
|Year 2||||||||44,920|43,812|
|Year 3||||||||46,268|44,920|
|Year 4||||||||47,656|40,268|
|Year 5||||||||20200|47,858|
|Year 6|||||||||20,200|
|Year 7||||||||||
|Year 8||||||||||
|Year9||||||||||
|Year 10||||||||||
|||||||||202,656|244,998|
##
##
##
##
|The Company's|net assets belong to|the various funds as follows:|the various funds as follows:||||
|---|---|---|---|---|---|---|
|||Fixed assets|Investments|Net current|Longterm|Total|
|||||assets|liabilities||
|||6||8|6||
|Share capital||||100||100|
|Restricted funds||||213,315||213,315|
|Unrestricted|funds||||||
|General||15,506,882|101|1,729,441|(1,582,942)|15,653,482|
|Designated|||2,249,599|277,075||2,526,674|
|Company||15,506,882|2,249,700|2,21$,931|(1,582,942)|18,3$3,571|
|Trading subsidiary|||(101)|101|||
|Group - 31|August 2020|15,506,882|2,249,599|2,220,032|(1,582,942)|18,393,571|
|||Fixed assets|Investments|Net cunent|Long term|Total|
|||||assets|liabilities||
|||6|6|6|6||
|Share capital||||100||100|
|Restrisded funds||||190,857||190,857|
|Unrestricted|funds||||||
|General||15,893,236|101|1,083,297|(1,218,054)|15,758,580|
|Designated|||2,293,902|200,463||2494,365|
|Company||15,893,236|2,294,003|1,474,717|(1,218.054)|18,443.902|
|Trading subsidiary|||(101)|101|||
|Group
- 31August 2019||15,893,236|2,293,902|1,474,818|(1,218,054)|18,443,902|
##
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##
|24|Reconciliation
ofnet incoming resources to net cash|Reconciliation
ofnet incoming resources to net cash||
|---|---|---|---|
||inflow from operations|2020|2019|
|||5|f|
||Net income forthe year ended 31August 2020|(50,332)|937,541|
||Adjustments
for|||
||Depreciation
charges|507,740|519,222|
||(Gains)Losses on investments|54,248|18,025|
||Financing costs|($,943)|(10,306)|
||Purchase oftangible fixed assets|(121,38$)|(235,920)|
||(Increase)/decrease
in stocks|(1,314)|(7,324)|
||(Increase)/decrease
in debtors|(84,081)|100,205|
||Increase/(decrease)
in creditors|(284,210)|(146,930)|
||Net Cash provided
by (used in) operating
activities|10,720|1,174,513|
|25|Analysis ofcash and cash equivalents|2020|2019|
||||f|
||Cash in hand and at a bank|5,911,109|5,900,389|
##
##
|Year Ended 31August 20|1|9|||||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted||
||||Notes|Funds|Funds|2019|
|INCOME FROM:|||||||
|Charitable
Activities|||||||
|School fees receivable||||13,664,824||13,664,824|
|Ancillary
trading
income||||760,620||760,620|
|Other trading
activities|||||||
|Non-anci8ary
trading income||||431,215||431,215|
|Other activities||||10,447||10,447|
|Investments|||||||
|Investment
Income||||43,119||43,119|
|Bank and other interest||||11,450||11,450|
|Voluntary sources|||||||
|Appeal
income and donations||||89,347|116,520|205,867|
|TOTAL INCOME||||15,011,022|116,520|15,127,542|
|EXPENDITURE ON:|||||||
|Raising funds|||||||
|Nonwncillary
trading||||172,931||172,931|
|Financing costs||||21,155||21,155|
|Investment
management||||19,731||19,731|
|||||213,817||213,817|
|Charitable
Activities|||||||
|Education
and grant making|||7|14,000,196|14,018|14,014,214|
|TOTAL EXPENDITURE||||14,214,013|14,018|14,228,031|
|Net income and expenditure|before transfers|||797,009|102,502|899,511|
|Realised gains on investment||assets|13|(13,776)||(13,778)|
|Unrealised
gains on investment||assets|13|51,806||51,806|
|Net Income||||835,039|102,502|937,541|
|Transfers
between
funds|||21|575|(875)||
|NET MOVEMENT
IN FUNDS FOR THE YEAR||||835,914|101,627|937,541|
|Fund balances at 1 September||2016||17,417,031|89,230|17,506,261|
|FUND BALANCES at 31August||2019||18,252,945|190,857|18,443,802|
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