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2021-07-31-accounts

Page
Report ofthe Tmstees I to 7
Report ofthe Independent
Auditors		 g to ll
Statement ofFinancial Activittes 12
BaIance Sheet 13
Cash Flow Statement 14
Nates to the Cash Flow Statement 15
Notes to the Financial Statements Id to 26
Detailed Statement of Financial Activities 27 to 28

31/7/11 31/7/20
Unrestricted Restricted Endowtnent Total Total
funds fund fund funds funds
Notes E g f 8 5
INCOlVIE AND
ENDOWMENTS FROM
Donations
and legacies		 2 S8,183 1,723,970 1,812,153 1,049,798
lnvestmentincorne 3 282 2S2 5,850
Total 88,465 1,723,970 1,812,435 1,055,618
EXPENDITURE ON
Raising funds 4 4,232 4/32 175
Charitable
activities
Support cost 41,160 41,160 10,050
Direct Charitable Expenses 5457 1,665,061 1,670,418 918,538
Other 2,624 2,624 ]4,814
Total 9&589 1,708,845 1,718,434 943,577
NET INCOME 78,876 15,125 94,001 I I2,071
Transfers
between		 funds 16 (462,253) 462453
Net movement
in		 funds (383477) 477478 94,001 112,071
RECONCILIATION OF
FUNDS
Total funds brought
forward 579426 582358 832 I,I62316 1,050,245
TOTAL FUNDS CARRIED
FORWARD 195,849 1,059,636 832 1456417 I,]62,316

~1~22)
31/7/21 31/7/20
Unrestricted Resnicted Endowment Total Total
funds fund fund funds funds
Notes f f f f
FIXEDASSETS
Tangible assets 740429 740,529 258,179
CURRENT ASSETS
Debtors 12 24350 24350 31,496
Cash at bank and iu hand 245&049 345,885 832 592,566 991,865
245,849 370335 832 616,916 1,023,36I
CREDITORS
Amounts
falling due within
one year 13 (51,128) (51)128) (119424)
NET CURRENT ASSETS 245,849 319,107 832 565,788 904,137
TOTAL ASSETSLESS
CURRENT LIABILITIES 245,849 1,059,636 832 L306,317 1,162,316
CREDITORS
Amounts
falling due atter
more dmu one year 14 (50,000) (50)000)
NET ASSETS 195,849 1)059,636 032 1)256417 1,1623!6
FUNDS
Unrestricted
funds		 195&849 579~6
Reshicted
funds		 1,059,636 582,258
Sndowmentfunds $32 832
TOTALFUNDS I)256/17 I l62 316
Cash Flow Statement
for the Year Ended 31Jul 2021
31/7/21 31/7/20
Notes 8
Cash tlows from operating activities
Cash generated
froin operations		 I 135,053 222,436
Net cash provided
by operating
activities		 135,053 222,436
Cash tlows from investing activities
Purchase oftangible fixed assets (584,634) (229,428)
Interest received 282 5,850
Net cash used in investing activities (584452) (223,578)
Cash tlows from financing activities
New loans in year 50,000
Expenditure
attributable
to		 endowment (278)
Net cash provided
by/(used		 in) financing activities 50,000 (278)
Change
in cash and cash		 equivalents
in the reporting
period		 (399,299) (1,420)
Cash and cash equivalents at the
beginning ofthe reporting period 991,865 993,285
Cash and cash equivalents at the end
ofthe reporting
period		 592,566 991,865

31/7QI 31/7/20
E
Net income for the reporting period (as per the Statement of
Financial
Activities)		 94,001 112,071
Adjustments for.
Depreciation charges 102,284 11,847
Interest received (282) (5,850)
Expenditure attributable to endowment 278
Decrease in debtors 7,146 32,725
(Decrease)/increase in creditors (68,096) 71,365
Net cash provided by operations 135,053 222,436
ANALYSIS OFCHANGES IN NET FUN DS
At 1.8.20 Cash flow At31,7,21
Net cash
Cash at bank and in hand 991,865 (399399) 592,566
991,865 (399499) 592,566
Debt
Debts falling due aRer I year (50,000) (50,000)
(50,000) (50,000)
Total 991,865 (449499) 542~6

31/7/21 3i/7/20
f
Donations 81,675 42,402
Gift aid 5,755 5,603
Donated services and facilities 21,183 4,000
lncoine from Charitable Act 1,703,540 997,793
1,812,153 1,049,798
3, INVESTMENT INCOME
31/7/21 31/7/20
Deposit account interest 282 5,850
4, RAISING FUNDS
Raising donations and legacies
31/7/21 31/7/20
E
Supportcosts 4432 175

CHARITABLE ACTIVITIES COS TS
Support
Direct costs (see
Costs
f.		 note 6)
f		 Totals
Supportcost 41,160 41,160
Direct Charitable Expenses 1,200327 470,191 1,670,418
1)200,227 511351 1,711,578
SUPPORT COSTS
Governance
Management
f,		 Finance
f		 costs Totals
f
Raising donations and legacies 4,232 4,232
Support cost 29,100 12,060 41,160
Direct Charitable Expenses 464,111 297 5,783 470&191
493,211 4,529 17,843 515,583

31/7/21 3 I/7/20
Auditors' remuneration 7,000 5,000
Depreciation —owned assets 102,284 I1,848
Hire ofplant and machinery 49,814 32,882
8, TRUSTEES' REMUNERATION AND BENEEITS
31/7/21 31/7/20
f
Trustees' salaries 88,885 66,625
Trustees' social security 11,046 7,981
99,931 74,606

31/7/21 31/7/20
f.
Wages and salaries 1,048,464 621,882
Social security costs 87,882 54,617
Other pension costs 14,067 7,448
I,]50,413 683,947
The aver age monthly
number ofemployees
du		 ring the year was as follows:
31/7/21 3 I/7/20
Bursar 1 I
Head teacher 1 I
Teacher 3 I
Administrator 3 I
Supervisors 5 3
Tutors 32 18
Assistant head 2
47 25
31/7/21 31/7/20
660,00] —670,000 I
f70,00 I - 680,000 I
680,00I - f90,000
f90,000 - f.l00,000

COMPARATIVES FOR THE STATEME NT OFFINAN CIAL ACTIV ITIES
Unrestricted Restricted Endowment Total
funds fund fund funds
f, f. f
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 42,723 1,007,075 1,049,798
Investmentincoroe 5,850 5,850
Total 48,573 1,007,075 1,055,648
EXPENDITURE ON
Raising funds 175 175
Charitable
activities
Supportcost 10,050 10,050
Direct Charitable
Expenses		 3,350 915,188 918,538
Other 14,536 278 14,814
Total 3,525 939,774 278 943,577
NET INCOME/(EXPENDITURE) 45,048 67,301 (278) 112,07 I.
Transfers
between funds		 (198,147) 198,147
Net movement
in funds		 (153,099) 265,448 (278) 112,071
RECONCILIATION OF FUNDS
Total funds brought
forward		 732,325 316,810 1,110 1,050,245
TOTAL FUNDS CARRIED
FORWARD 579,226 582,258 832 ],162,316

11. TANGIBI.EfIXEDASSETS
Improvements Fixtures
to Plant and and
property machinery
f		 fittings Totals
f,
COST
At
1 August 2020		 374,418 36,712 63379 474,509
Additions 500,157 318232 53,245 584,634
At 31 July 2021 874,575 67,944 116,624 1,059,143
DEPRECIATION
At I August 2020 141452 22,786 52,192 2161330
Charge for year 74,886 It&289 16,109 102,284
At 31 July 2021 216~8 34,075 68301 318,614
NET BOOK VALUE
At 31July 2021 658437 33,869 48,323 740,529
At 31July 2020 233,066 13,926 11,187 258,179
12. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/21 31/7/20
Trade debtors 1,300 9,958
Other debtors 18,750 21,538
Prepayments
and accrued income		 4300
24@50 31,496
13. CREDITORS: AMOUNTS FALLING DUE WITHIN CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/21 31/7/20
f
Trade creditors 16,102 65,586
Social security and other taxes 4,141
Net wages l,959
Pension Control Account 4,062 (390)
Accruals and deferred
income		 18,964 37,928
Accrued expenses 12,000 10,000
51,128 119,224
14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/7/21 31/7/20
f.
Bank loans (see note 15) 50,000
15. LOANS
An analysis ofthe maturity ofloans is given below:
31/7/21 3I/7/20
Amounts
falling due in more than five years:
Repayable by instalments:
Bank loans more 5yr by instal 50,000
16. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.8.20 in funds funds 3l.7.21
f. f
Unrestricted
funds
General Fund 579,226 78,876 (462453) 195,849
Restricted funds
Restricted Fund 582358 15,125 462453 1,059)636
Endowment
funds
Endowment
TOTAL FUNDS 1,162,316 94,001 1,256v317

lncotn ing Resources Movement
resources expended in funds
Unrestricted funds
General Fund 88,465 (9,589) 78)876
Restricted funds
Restricted
Fund		 1,723,970 (1,708,845) 15,125
TOTAL FUNDS 1,812,435 (1,718,434) 94,001
Comparatives for movement in funds
Net Transfers
movement between At
At 1.8.19 in funds funds 31.7.20
f
Unrestricted funds
General Fund 732,325 45,048 (198,147) 579,226
Restricted
funds
Restricted Fund 316,810 67,301 198,147 582,258
Endowment funds
Endowment 1,110 (278) 832
TOTAL FUNDS 1,050,245 112,071 1,162,316

lncoinlng Resources Movement
resources expended in funds
8
Unrestricted funds
General Fund 48,573 (3,525) 45,048
Restricted
funds
Restricted Fund 1,007,075 (939,774) 67,301
Endowment funds
Endowment (278) (278)
TOTAL FUNDS 1,055,648 (943,577) 112,071
Net Transfers
movement between At
At 1.8.19 in funds funds 31.7.21
f f.
Unrestricted funds
General Fund 732,325 123,924 (660,400) 195,849
Restricted funds
Resnicted Fund 316,810 82,426 660,400 1,059,636
Endowment funds
Endowment 1,110 (278) 832
TOTAL FUNDS 1,050,245 206,072 1,256,317

Incoming Resources Movement
resources expended in funds
Unrestricted funds
General Fund 137,038 (13,114) 123,924
Restricted funds
Restricted Fund 2,731,045 (2,648,619) 82,426
Endowment funds
Endowment (278) (278)
TOTAL FUNDS 2,868,083 (2,662,011) 206,072

Detailed Statement ofFinanctat
Ac ivities
for the Year Ended 31 Jul
202 I
31/7/21 31/7/20
INCOME AND ENDOWMENTS
Donations
and legacies
Donations 81,675 42,402
Cflit aid 5,755 5,603
Donated services and facilities 21,183 4,000
Income From Charitable Act 1,703,540 997,793
1,812,153 1,049,798
Investment
income
Deposit account interest 282 5,850
Total incoming resources 1,812,435 1,055,648
EXPENDITURE
Charitable
activities
Trustees' salaries 88,885 66,625
Trustees' social security 11,046 7,98]
Wages 959,579 555,257
Social security 76,836 46,636
Pensions 14,067 7,448
Direct Expenses 49,814 32,882
I400427 716,829
Other
Travel 2)624 2,967
Support costs
Management
Rent, Rates and water 133447 74,015
Insurance 20,443 12,170
Light and heat
Telephone		 6447
4315		 2,127
2,892
Postage and stationery 6484 4,340
Advertising 5,467 2,842
Sundries 90 1,844
Cleaning 37,535 15,183
Professional
Fees		 173,149 79,264
Carried forward 386,977 194,677
Detailed Statement ofFinancial Activities Detailed Statement ofFinancial Activities Detailed Statement ofFinancial Activities Detailed Statement ofFinancial Activities
for the
r Ended 31		 I 2021
3I/7/21f 31/7/20
Management
Brought forward
Repairs and Renewals		 386,977
3,950		 194,677
3,850
ITexpenses
Deprer iation oftangible		 and heritage assets 102,284 126
11,847
493,211 210,500
Finance
Bank charges 297 250
Cost ofgenerating
funds		 4p32 175
4,529 425
Governance
costs
Auditors'
remuneration		 7)000 5,000
Accountancy
fees
Subscription		 7,000
3,843		 5,]20
2,736
17,843 12,856
Total resources expended 1,718,434 943,577
Net income 94,001 112,071