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|Board Members|||
|---|---|---|
|Mark Taylor (Chair) ¹*~
David Taylor (Deputy Chair)¹
Sarah Phillips (Treasurer) *
Rosie Allen¹(appointed
18March 2021)
Charles Barwell *|Tring Park School for Performing
Arts
St Lawrence College
King Alfred School
City of London School
Rugby School, Malvern
College||
|Tom Beardmore-Gray
*(appointed
18March 2021)
Margot Chaundler
*
Julie Cornell ¹|St|Prep Schools Trust
Emanuel
School
George's School, The Abbey School|
|Sam Coutinho * (appointed
18March 2021)
Paul Dillon-Robinson ¹
/
Pamela Edmonds ¹(retired 18 March 2021)
Mike Gregson (Deputy Chair) *
/
Susan King ~
Irfan Latif ~ (appointed
as co-optee 22 March 2021)
Katie Lancaster ¹~|Plymouth
College, Copthorne
Prep School
Hurstpierpoint
College
St Michael's
Prep School
The Edinburgh
Academy
Queen Margaret's
School, York
Greenfield
School
Kimbolton
School||
|Alison Martin *||Warminster
School|
|Rosemary
Martin
(resigned
8 December 2021)
Revd. Richard Peers ~ k|Brentwood School, St Mary's|Gerrards Cross, Headington
School
Christ Church Cathedral
School|
|Sue Ross *
Nigel Taylor¹
Gillian Winter¹|Francis Holland|Schools Trust until December 2020
Marlborough
House School
Bury Grammar
Schools|
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|||||Total|Total|
|---|---|---|---|---|---|
||||Notes|2021|2020|
|INCOME FROM:||||||
|Charitable
activities:||||||
|Governors'
Seminars
and Webinars||||94,774|104,324|
|AGM contributions||||27,408|66,874|
|Training||||128,462|71,615|
|Ancillary
income||||8,708|2,436|
|Donations
and grants||||456|9,517|
|Other trading
activities:||||||
|Subscriptions||||368,015|355,531|
|Income from investments||||6,606|5,816|
|||||634,429|616,113|
|EXPENDITURE ON:||||||
|Charitable
activities||||609,856|628,922|
|||||609,856|628,922|
|Net income before investment||gains/(losses)||24,573|(12,809)|
|Net gain/(loss)
on investments||||27,387|(27,737)|
|NET MOVEMENT
IN|FUNDS|||51,960|(40,546)|
|Balance brought
forward|at 1 January 2021|||360,193|400,739|
|Balance carried forward|at 31|December 2021||K412,153|K360,193|
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|||||||2021||2020|
|---|---|---|---|---|---|---|---|---|
||||||Notes||||
|FIXEDASSETS|||||||||
|Tangible fixed assets||||||39,343|60,241||
|Investments||||||225,746|198,359||
||||||||265,089|258,600|
|CURRENT ASSETS|||||||||
|Bank accounts||||||525,382|418,990||
|Debtors||||||135,827|117,877||
|||||||661,209|536,867||
|CURRENT LIABILITIES|||||||||
|Creditors: amounts
due within|||one|year|6|(499,158)|(407,613)||
|NET CURRENT ASSETS|||||||162,051|129,254|
|TOTAL ASSETSLESSCURRENT|||||||427,140|387,854|
|LIABILITIES|||||||||
|NON CURRENT LIABILITIES|||||||||
|Pension liability|||||10||(14,987)|(27,661)|
|NET ASSETS|||||||X412,153|K360,193|
|REPRESENTED BY|||||||||
|UNRESTRICTED FUNDS:|||||||||
|General Fund (including|revaluation||||||||
|gain off50,746 (2020:623,359 gain)|||||||K412,153|K360,193|
|These accounts
are prepared||in|accordance||with the special provisions ofPart 15ofthe Companies|||Act relating to small|
|companies
and constitute|the|annual||accounts required||by the Companies|Act 2006.||
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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
||||||Note|||
|Cash flows from operating
activities:||||||101,641|(256)|
|Cash flows from investing
activities:||||||||
|Investment
income||||||6,606|5,816|
|Payments
to acquire tangible
fixed assets||||||(1,855)|(65,107)|
|Net cash provided
by investing||activities||||4,751|(59,291)|
|Change|in cash and cash equivalents||in the reporting|period||106,392|(59,547)|
|Cash and cash equivalents
at the beginning ofthe reporting|||||period|418,990|478,537|
|Cash and cash equivalents
at the end|||ofthe reporting|period||K525,382|6418,990|
|NOTE|TO THE CASHFLOW|STATEMENT||||||
|a|RECONCILIATION
OF NET MOVEMENT|||IN FUNDS TO NET||2021|2020|
||CASH FLOW FROM|OPERATING ACTIVITIES||||||
||Net movement
in funds|||||51,960|(40,546)|
||Investment
income|||||(6,606)|(5,816)|
||Depreciation|||||22,753|6,283|
||Losses/(gains)
on investments|||||(27,387)|27,737|
||(Increase) in debtors|||||(17,950)|(5,808)|
||Increase
in creditors|||||78,871|17,894|
||Net cash from operating|activities||||8101,641|K(256)|
|b|ANALYSIS OF CHANGES||IN NET FUNDS|||||
||||||At start|Cash|At end|
||||||ofyear|Flows|ofyear|
||Bank current accounts||||37,834|1,386|39,220|
||Bank deposit accounts||||381,156|105,006|486,162|
||||||f418,990|f.106,392|K525,382|
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|---|---|---|---|
|EXPENDITURE ON CHARITABLE ACTIVITIES||2021|2020|
|Staff costs||428,141|448,350|
|Office expenses||63,308|60,686|
|Printing,
postage and telephone||7,060|8,071|
|Meetings
and travel||2,942|1,253|
|Governors'
seminars||15,361|22,616|
|AGM expenses||1,000|41,906|
|Governance
review costs||38,076|15,775|
|Professional
fees||24,265|20,218|
|e-Learning
courses||6,950|3,764|
|Depreciation||22,753|6,283|
|||K609,856|K628,922|
|Governance
costs (within professional fees) include||||
|Auditor's
remuneration||||
|—Audit||f.6, 100|K5,700|
|- Other services||K840|f.810|
|FIXEDASSETS||Computer||
||Office|Equipment/||
||Equipment|Software|Total|
|COST||||
|At I January 2021|9,059|185,462|194,521|
|Additions|575|1,280|1,855|
|At 31 December 2021|9,634|186,742|196,376|
|DEPRECIATION||||
|At I January 2021|8,857|125,423|134,280|
|Charge for the year|334|22,419|22,753|
|At 31 December 2021|9,191|147,842|157,033|
|NET BOOK VALUE||||
|At 31 December 2021|f443|5,38,900|S,39,343|
|At 31 December 2020|$202|K60,039|K60,241|
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|4.|INVESTMENTS|||2021|2020|
|---|---|---|---|---|---|
||Market value at 1 January 2021|||198,359|226,096|
||Net investment
gains/(losses)|||27,387|(27,737)|
||Market value at 31 December|2021||K225,746|f198,359|
||Historical cost at 31 December 2021|||$175,000|K175,000|
||The investment
is held in CAF|UK Equitrack|Fund units.|||
|5.|DEBTORS|||2021|2020|
||Other debtors|||119,556|100,830|
||Prepayments
and accrued income|||16,271|17,047|
|||||f.135,827|f.117,877|
|6.|CREDITORS|||2021|2020|
||Other creditors
and accruals|||41,827|36,707|
||Subscriptions
in advance|||405,770|365,911|
||Other fees and contributions|in advance||48,520|1,375|
||Pension scheme liability (note 10)|||3,041|3,620|
|||||K499,158|K407,613|
||Deferred income at 1 January|2021|||f367,286|
||Amounts
released from previous years||||(367,286)|
||Resources deferred
during the year||||454,290|
||Deferred income at 31 December 2021||||K454,290|
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||||2021|2020|
|---|---|---|---|---|
|Salaries|||382,773|382,258|
|Social security|||36,172|39,725|
|Movements|in pension|scheme liability|(10,000)|(2,855)|
|Other pension costs|||19,196|17,767|
|Redundancy|costs|||11,455|
||||K428,141|$448,350|
|one employee
had remuneration
b|etween K|120,000 and K130,000 in the|year).|||
|---|---|---|---|---|---|
|The average number ofemployees|analysed|by function was:|2021||2020|
||||No.||No.|
|Chief Executive||||||
|Full time employees||||||
|Part time employees||||||
|||||7||
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|ommitted
llows:|to m|ake at the balance sheet date in r|espect of operati|ng
lease for each|ofthe followin|g
periods wer|
|---|---|---|---|---|---|---|
||||Land and|buildings|Office|equipment|
||||2021|2020|2021|2020|
|Not later|than|I year|6,375|8,500|||
|Later than|1 year and not later than 5 years|||6,375|||
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|Gilt
ield||||||||0.92||
|---|---|---|---|---|---|---|---|---|---|
|Market im
lied inflation|rate|||||||3.15||
|Pre retirement
discount|rate||Normal|ilt|ield|curve||lus 0.5%|a at each term|
|Post retirement
discount|rate||Normal|ilt|ield|curve||lus 0.5%|a at each term|
|Rate of rice inflation
RPI||||Gilt|inflation||curve at each term|||
|Rate of rice inflation|CPI||RPI inflation|||less||1.0%
a at each term||
|Return on assets over deficit recove||eriod|||||0.35|||
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|Provision|at start|ofaccounting|ofaccounting|period||||31,281|
|---|---|---|---|---|---|---|---|---|
|Decrease|in contribution
rates|||||||(100)|
|Provision|utilised|||||||(3,460)|
|Remeasurement||—amendments||to contribution||schedule||(9,693)|
|Provision|at end|ofaccounting||period||||18,028|
|The liability
is||repayable|in|instalments|falling due as follows:||2021|2020|
|ln less|than one year||||||3,041|3,620|
|In one|to two years||||||3,088|3,713|
|In two|to five years||||||9,557|11,723|
|In greater than||five years|||||2,342|12,225|
||||||||18,028|X31,281|