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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|
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|||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|
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|**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|
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# 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|
##
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##
|**2**|**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|
##
##
|**12**|**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|
|||**Number**|||**FTE**||
|---|---|---|---|---|---|---|
||**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)|
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|||||||||**2021**|**2020**|
|---|---|---|---|---|---|---|---|---|---|
|||||||||**£'000**|**£'000**|
|Financial|assets|measured|atfairvalue|through|profit|and|loss|8,281|7,208|
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