||||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|