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#*	MrDWWild	Chairof Governors	(resigned 23 June 2021)
#*	MrS Banks	Chairof Governors
*	MrJ M Chivers
*	MrCF Doleman		(resigned 23June2021)
*	MrMT C Flanagan
*	MrD J Gandee
#	Mrs B Hanslo
#	MrAN Holman
*	Mr JS Jackson	Chair- Finance & Operations Committee
#	DrS Krishanand
#	Mrs P K McNamara
#	MrP N Munro	Chair- Education Committee
	SirJ Peace
*	MrCJ Prentice
#	MrP G Renshaw
#	MrC Robinson
*	MrNS Sethi
#	DrGWalton
*	MrM F Dillon		(appointed 23 June 2021)
#	MrSJ French		(appointed 23 June 2021)
#	Mrs CS Lindsay		(appointed 23 June 2021)
#	Denotes memberof Education Committee
*	Denotes memberof Finance& OperationsCommittee

The Headmaster	MrKO Fear
CompanySecretaryand Directorof Finance& Operations	MrS I R Ramsey
School Address and registeredoffice	Waverley Mount
	Nottingham
	NG74ED
Bankers	National WestminsterBankpic
	Smith's Branch
	16South Parade
	Nottingham
	NG1 2JX
Auditor	RSM UK Audit LLP
	Chartered Accountants
	Rivermead House
	7Lewis Court
	GrovePark
	Leicester
	Leicestershire
	LE19 1SD
Investment Managers	Rathbone Investment Management Limited
	Portof Liverpool Building
	PierHead
	Liverpool
	L31NW
Registeredcompany number	04521284
Registered charity number	1104251

		2020-21	2020-21				2019-20	2019-20
					% of					% of
					pupils					pupils
			%	of fees	in			% of	fees	in
Value of assistance	£000	Pupils	Receivable		School	£000	Pupils	Receivable		School
Means tested bursary	1,275	105		8.2	9.6	1,258	101		8.1	9.4

	2020-21		2019-20
Percentageoffeeremission	Number	%	Number	%
0-50%	7	7	9	9
51--75%	24	23	23	23
76-99%	53	50	46	45
100- 105%%	21	20	23	23
	105	100	101	100

Summary Data for FY {"September 20 to 31August 21	Value
Total Energy Use	5,507,648kWh
Total GreenhouseGas Emissions (mandatory &voluntary)	1,045.67tCO
Total Students	1,084
Intensity Ratio	0.96tCO perstudent

Area of Measurement	FY 1Sept 19 to 31 Aua 20	FY 1Sept 20 to 31Aua 21	Variance
Energy Use	4,721.7 MWh	5,507.6 MWh	16.6% increase
Greenhouse Gas Emissions	914.03 1CO	1,045.67 tCO	14.4% increase
Intensity Ratio	0.85 tCO per student	0.96 tCO per student	12.9% increase

02/02/2022

				Permanent
		Unrestricted	Restricted	Endowment	Total	Total
		Funds	Funds	Funds	2021	2020
	Notes	£'000	£'000	£'000	£'000	£'000
Income and endowments from:
Donations, legaciesandgrants	2	577			577	2,346
Charitableactivities	3	16,780			16,780	15,637
Other trading activities	4	197			197	134
Investments	5	286		80	366	378
Total income and endowments		17,840		80	17,920	18,495
Expenditure on:
Raising funds	7	78			78	103
Charitableactivities	8	16,866	31	244	17,141	16,724
Other	10	183			183	206
Total expenditure	6	17,127	31	244	17,402	17,033
Net income/(expenditure) before
net gains/(losses) on
investments		713	(31)	(164)	518	1,462
Net gains/(losses)on investments	16/17	1,311		3,780	5,091	(283)
Net income		2,024	(31)	3,616	5,609	1,179
Gross transferbetweenfunds	25/27	(78)		78
Net movement in funds		1,946	(31)	3,694	5,609	1,179
Reconciliation of funds
Total funds brought forward		12,077	81	12,634	24,792	23,613
Total funds carried forward		14,023	50	16,328	30,401	24,792

	Notes		2021		2020
		£'000	£'000	£'000	£'000
Fixed assets
Tangibleassets	15	19,533		19,154
Investments	16& 17	16,701		11,655
			36,234		30,809
Current assets
Stock	18	49		39
Debtors	19	378		437
Cashat bank and in hand		2,669		2,805
		3,096		3,281
Current liabilities
Creditors-amountsfalling
duewithinoneyear	20	(2,965)		(2,928)
Net current assets			131		353
Total assets less current liabilities			36,365		31,162
Creditors -amountsfalling dueaftermorethanone	21		(5,964)		(6,370)
year
Net assets			30,401		24,792
The funds ofthe charity:
Permanent Endowment	25		16,328		12,634
Restricted income funds	26		50		81
Unrestricted funds	27
Designatedfunds			4,474		5,416
Otherunrestrictedfunds			9,549		6,661
Total unrestricted funds			14,023		12,077
Total charity funds			30,401		24,792

	Year ended 31 August	2021
		Notes	2021	2020
			£'000	£'000
Cash flows from operating activities:
Net cash provided by operating activities		28	1,862	2,586
Cash flow from investing activities:
Dividends, interest and rent receivedfrom	investments		366	378
Payments toacquiretangiblefixed assets			(1,824)	(665)
Payments for investments			(1,065)	(1,429)
Proceedsfromsaleof investments			1,110	1,099
Net cash used in investing activities			(1,413)	(617)
Cash flow from financing activities:
Repayment of bank loans			(362)	(316)
Cash inflowsfromnewbank loan				534
Repayment of hirepurchase			(40)
Interest paid			(183)	(206)
Net cash (used in)/provided by financing activities			(585)	12
Changein cashand cashequivalents intheyear			(136)	1,981
Cash and cash equivalents at thebeginning ofthereporting year			2,805	824
Cashand cash equivalentsatthe endofthereporting year			2,669	2,805

Income from donations, legacies and grants	2021	2020
	£'000	£'000
Legacies		1,778
Donations	391	333
Job retention grant	144	235
Gift aidfrom subsidiary	42
	577	2,346


Income from charitable activities	2021	2020
	£'000	£'000
Fees	15,780	14,539
Musictuition	186	211
Catering	512	588
Other	302	299
	16,780	15,637

Income from other trading activities	2021	2020
	£'000	£'000
Hireoffacilities	86	60
Miscellaneous receipts	30	28
Clothing sales	66	46
Management charges receivedfrom subsidiary	15
	197	134

Investment income	2021	2020
	£'000	£'000
Property income	168	161
Bank interest receivable		3
Dividends receivable	198	214
	366	378

Analysis of total expenditure
	Staff	Depreciation	Other	2021	2020
	Costs	and Impairment	costs	Total	Total
	£'000	£'000	£'000	£'000	£'000
Raisingfunds			78	78	103
Charitableactivities	10,609	1,605	4,927	17,141	16,724
Otherexpenditure			183	183	206
	10,609	1,605	5,188	17,402	17,033
Raising funds				2021	2020
				£'000	£'000
Property expenses				32	61
Managementfees				46	42
				78	103

		Year ended 31 August 2021
8	Analysis of expenditure on charitable activities		2021	2020
		Notes	£'000	£'000
	Provision of education
	Academic costs		443	544
	Extra-Curricular		110	130
	Bursaries		1,275	1,171
	Prizes		14	12
	Scholarships		107	101
	Staffing		10,626	10,044
	School supportservices		1,216	1,209
	Governancecosts	9	43	34
			13,834	13,245
	Administration and maintenance		529	717
	Estates		2,778	2,762
			17,141	16,724
	Charitableactivitiesexpenditure of£244,000(2020: £169,000)were attributableto endowmentfunds, £31,000
	(2020: £29,000)were attributabletorestrictedfunds and£16,866,000(2020: £16,526,000)were attributable to
	unrestrictedfunds.

9	Governance costs	2021	2020
		£'000	£'000
	Audit and accountancy	42	27
	Legal and professionalfees	1	7
		43	34
10	Other expenditure	2021	2020
		£'000	£'000
	Loaninterest	183	206
	Otherexpenditure of£183,000(2020: £206,000)was attributabletounrestrictedfunds.
11	Net income	2021	2020
		£'000	£'000
	Net incomeis stated aftercharging:
	Tangibleassetsdepreciationof permanent endowment assets	244	169
	Tangibleassetsdepreciation of unrestricted assets	1,361	875
	Tangibleassets impairmentof unrestricted assets		646

Auditor's remuneration	2021	2020
	£'000	£'000
Fees payableto RSM UKAudit LLPand itsassociates in respectof bothaudit
and non-auditserviceswas as follows:
Feespayableforthe auditofthe financialstatements	19	17
Fees payabletotheauditorforotherservices:
Otherservices	6	8

Staff costs	Academic	Support	2021	2020
	Staff	Staff	Total	Total
	£'000	£'000	£'000	£'000
Wages and salaries	5,864	2,431	8,295	7,948
Social securitycosts	618	194	812	757
Employercontributions todefined
contribution schemes	1,277	194	1,471	1,385
Redundancy costs	30		30	14
	7,789	2,819	10,608	10,104
Otheremployment costs	1		1	2
	7,790	2,819	10,609	10,106


	2021	2020	2021	2020
	Number	Number	Number	Number
Teaching	130	126	112	106
Non-teaching	144	129	103	98
Visiting music teachers	21	19	21	19
	295	274	236	223

		2021	2020
		Number	Number
£60,001	-£70,000	6	3
£80,001	-£90,000	1	3
£90,001	-£100,000	2
£110,001	-£120,000	1	1
£220,001	-£230,000		1
£250,001	-£260,000	1
		11	8

Tangible fixed assets	Assets in the	Freehold
	course of	school land	Fixtures and
	construction	and buildings	fittings	Total
	£'000	£'000	£'000	£'000
Cost at 1 September2020	813	22,460	3,338	26,611
Additions	1,449	333	202	1,984
Transfers	(2,255)	2,246	9
Cost at 31 August 2021	7	25,039	3,549	28,595
Accumulated depreciation at 1 September2020		5,816	1,641	7,457
Chargeforthe year		1,226	379	1,605
Accumulated depreciation at 31 August 2021		7,042	2,020	9,062
Net book value at 31 August 2021	7	17,997	1,529	19,533
Net book value at 31 August 2020	813	16,644	1,697	19,154

16	Investment properties	Freehold
		£'000
	Valuation at31 August 2020	4,447
	Revaluations	3,973
	Valuation at31 August 2021	8,420

17	Other investments		Total
			£'000
	Fairvalueat 1 September2020		7,208
	Cashondeposit at 1September2020		(686)
	Additions		669
	Disposals		(1,110)
	Netgain		1,118
	Quoted investments		7,199
	Cashondeposit as at 31 August 2021		1,082
	Fairvalueat 31 August 2021		8,281
		2021	2020
		£'000	£'000
	Total (atfairvalue)	8,281	7,208
	Total (at historicalcost)	6,454	6,194
18	Stock	2021	2020
		£'000	£'000
	Goodsforresale	49	39
19	Debtors	2021	2020
		£'000	£'000
	Outstanding fees	34	87
	Accrued income	51	110
	Prepayments	262	215
	Otherdebtors	31	25
		378	437

20	Creditors: amounts falling duewithinoneyear	2021	2020
		£'000	£'000
	Bank loans (note 21)	339	327
	Obligations underfinance leases (note 23)	53	17
	Tradecreditors	267	380
	Othertaxation and social security costs	216	195
	Accruals	377	502
	Amounts dueto subsidiary undertakings	1
	Othercreditors	266	370
	Deferred income	1,446	1,137
		2,965	2,928
21	Creditors: amounts falling dueaftermorethanoneyear	2021	2020
		£'000	£'000
	Bank loans	5,817	6,191
	Deferred income	81	142
	Obligations underfinance leases (note 23)	66	37
		5,964	6,370
		2021	2020
		£'000	£'000
	Loan maturity
	Debt dueinoneyearorless	339	327
	Duein morethanoneyearbut not morethan too years	351	338
	Duein morethantoo yearsbut not morethanfiveyears	1,130	1,087
	Due in morethanfiveyears	4,336	4,766
		6,156	6,518

Deferred income	2021	2020
	£'000	£'000
Deferred incomeat 1September	1,279	1,117
Resourcesdeferred intheyear	853	573
Amounts releasedfrom previous year	(605)	(411)
Deferred incomeat 31 August	1,527	1,279
The deferred incomerelates toschoolfeesanddeposits received inadvance.
Finance lease and hire purchase obligations	2021	2020
	£'000	£'000
Thetotal minimumfuture leasepaymentsarepayable:
Less thanoneyear	53	17
Betweenone and fiveyears	66	37
	119	54

Analysis of net assets between funds
				Permanent
	Unrestricted	Designated	Restricted	Endowment
	Funds	Funds	Funds	Funds	Total
	£'000	£'000	£'000	£'000	£'000
Tangibleassets	13,942			5,591	19,533
Investments	3,733	2,559		10,409	16,701
Netcurrent assets	(2,162)	1,915	50	328	131
Creditorsdueaftermorethanoneyear	(5,964)				(5,964)
	9,549	4,474	50	16,328	30,401
				Permanent
Prior year	Unrestricted	Designated	Restricted	Endowment
	Funds	Funds	Funds	Funds	Total
	£'000	£'000	£'000	£'000	£'000
Tangibleassets	13,176			5,978	19,154
Investments	3,071	3,501		5,083	11,655
Net current assets	(3,216)	1,915	81	1,573	353
Creditorsdueaftermorethanoneyear	(6,370)				(6,370)
	6,661	5,416	81	12,634	24,792

	Balance at					Balance at
	1 September			Other		31 August
	2020	Income	Expenditure	gains	Transfers	2021
	£'000	£'000	£'000	£'000	£'000	£'000
Capitalfund	8,803		(244)	3,525		12,084
J BramleyScholarship	1,148	26		131	78	1,383
Otherfunds	2,683	54		124		2,861
	12,634	80	(244)	3,780	78	16,328

Prior year	Balance at				Balance at
	1 September			Other	31 August
	2019	Income	Expenditure	losses	2020
	£'000	£'000	£'000	£'000	£'000
Capital Fund	8,972		(169)		8,803
J BramleyScholarship	1,196	30		(78)	1,148
OtherFunds	936	1,802		(55)	2,683
	11,104	1,832	(169)	(133)	12,634

Restricted income funds
	Balance at				Balance at
	1 September				31 August
	2020	Income	Expenditure	Other gains	2021
	£'000	£'000	£'000	£'000	£'000
Bursary Fund	81		(31)		50
	81		(31)		50
Prior year	Balance at				Balance at
	1 September				31 August
	2019	Income	Expenditure	Other gains	2020
	£'000	£'000	£'000	£'000	£'000
Bursary Fund	110		(29)		81
	110		(29)		81

Unrestricted funds
	Balance at					Balance at
1	September			Other		31 August
	2020	Income	Expenditure	gains	Transfers	2021
Designated	£'000	£'000	£'000	£'000	£'000	£'000
Bursaryfund	3,455			605	(1,547)	2,513
Capitalfund	1,811					1,811
Other funds	150					150
	5,416			605	(1,547)	4,474
Other unrestricted funds
Capitalfund	6,661	17,840	(17,127)	706	1,469	9,549
	12,077	17,840	(17,127)	1,311	(78)	14,023
Prior year	Balance at			Other		Balance at
1	September			gains/		31 August
	2019	Income	Expenditure	(losses)	Transfers	2020
Designated	£'000	£'000	£'000	£'000	£'000	£'000
Bursaryfund	3,189			266		3,455
Capitalfund	1,811					1,811
Otherfunds	150					150
	5,150			266		5,416
Other unrestricted funds
Capitalfund	7,249	16,663	(16,835)	(416)		6,661
	12,399	16,663	(16,835)	(150)		12,077

Reconciliation of net income to net cash inflow from operating activities
	2021	2020
	£'000	£'000
Net incomeforthe reporting period (aspertheStatementof FinancialActivities)	5,609	1,179
Adjustmentsfor:
Interestpayable	183	206
Dividends, interest and rentfrom investments	(366)	(378)
Depreciationoftangiblefixed assets	1,605	1,044
Impairmentoftangiblefixed assets		646
(Gains)losseson investments	(5,091)	283
(lncrease)/decreasein stock	(1O)	4
Decrease indebtors	59	54
Decrease in creditors	(127)	(452)
Net cashprovided by operating activities	1,862	2,586

		Balance at				Balance at
	1	September		New finance		31 August
		2020 Cashflows			leases	2021
		£'000	£'000		£'000	£'000
Cash at bank and in hand		2,805	(136)			2,669
Debt due within one year
Bank loans		(327)	(12)			(339)
Obligations underfinance leases		(17)	17		(53)	(53)
Debt due after one year
Bank loans		(6,191)	374			(5,817)
Obligations underfinanceleases		(37)	23		(52)	(66)
		(3,767)	266		(105)	(3,606)

								2021	2020
								£'000	£'000
Financial	assets	measured	atfairvalue	through	profit	and	loss	8,281	7,208

2021-08-31-accounts

02/02/2022