Charlry number: Ilf5098 Cop#ny numbEr: 05846105 CHJGWELL SCHOOL IA Ilmikd by 8••rottt) REPORT AND FINANCIAL STATEMENTS Fo ihe y*r td31 J•ly2•10
CHIGwELL5cHL Styaie8k Rwrt Report ofthe Tvuslee5 Consolidated Staientti of Financial Auiviri 10 Bal8tw¢ Shth5 Con80lid&ted Cash Flow Statemeni 12 AEcrMnling PolicK Notes lo Ihe Cons01idaied Fin111 St8¢m 16-31 rcttoTsand QfficeT5 32 R¢f¢[¢D aDd AdLlilJliSltsl%)ri 33 Rtport of th¢ AltOr 34-35
Payl CHIGWELLSCHOOL STRATEGIC REPORT ICONTINUEDI Fortht yeardéd 31 Jty 2020 AehlEvemtniS and rforMnrt Acadrnii Al the art of 8tJemit ytsr. Ihert 970 kwils oth Toll. ) irta$¢ on the pmiotss year aThJ the largtsl pupil PDwlatiorb that the SchDDI ha5 had. Applications forpJxe541 ajl en PDint5 in 2020 hiBhtr Iban in thepreviou5 year. SEudcnts rformCd wcIl ift public cxllmimtions and AE A kvcl s ofa]18th awvdcd wcrc &t A• or A aThl 35% of Snen hiv¢d at I[ lh A gr¢$. Thi$ enabled thT¢¢quattU5 of thos¢ tBkinBuppia5 at UThlV¢TSlty to mov¢ OD to Ru5s¢11 Group iThsiitsiion5. The desrlnaimS of nKl Chigwell swdenr5 thi5 yeaT were NrIngham. Durha UCL. Binnin¥ham, Exeter. KCL. Lmtasltr, Letd$. New(¥#le and Warwick univrr5ilie At GCS& th¢ resul w¢r¢ the b¢st ¢v¢rwith JO% of gr5 F¢in£ 9 )d 83% b¢ir gr•k3 7. 8 or9. 71% ofchigw¢Jl pw)sls ]u¢ved at eiBbE grs 01 7 orab0. wuival¢rLi ro eig gt As orbcller. For thc first two tern ofthc yw. tALpils participatcd in a wide variety of co11r i1VIlles. Ovcr this rIOd thcre wcrc • numb¢rof hhlY 5uEcessful concuty with thehi)I1btID& th¢¢W concen Hill llj JBnuyry in which wdl ov¢r hrred pupils pllnicipared. In li10n i0c(SEdramaf0Ml•N¢X th¢bi-nnu•J span)MiMt)k pl?. ¢xFrtlydiTetdby thrr¢Sixth FonDskt5. rnisinR monty for two K11 ¢lwiiics in Mitt girls than evcr bcfrrft pArticipi¢d in ndbfill with imrwivt rtsolts a8m¥ lotsl sthook Amng Ihe many achi¢vcmcnt5 'IthIn boys. hock¢y. the srfond Xl w¢r¢ thc mo05wccssful i(¥m and in 8irls' hockry iht l# Xl wcrt unbeaitn for th¢ lfittcr pArt of the 5¢&5on. In fo¢thall. th¢ U12$ ruch th¢ ¢•wier f¢nd$of tTr Ftss¢x Cup athl the Ul Is hed the nbi?ortal riDal$. Fitty Frf>ys Ernv¢ll¢d to r¢¢Ina fora dev¢lopJwJt] w with the b1gblightlTrg a training5es$ion ai the Salou complex. Ihkr of Edinbur Once AgaiTh. pDrtiCiPAtion in ¢th]Cat h•5 be high. This extends to ik very youngest ¢hildM who &ll have re8ular knr karntng und. forolder 5wdent4 tht Tr>tEAwaTd sche r¢rnains popuLv. Sixty pupils w¢r¢AWAtthd Ih¢iT bronze with the expediiion cenircd onSkreen5 PaTL Roxwell. SevenEe¢n gwneda silv¢rawardhavinB eithty¢anoed a]on8 theTh8mes or walked Jrro55 the s¢h DopTh, andsevcngained iknrgoldawardhavin8 compkied theiTexrKdition in the KinrAiiKnDydart areo of S¢oilafjd. The eompleiion rate Ihc tk)IE Aw•Td w15 7J%whKh is well abDvcavera8e foTihe county. A variety of adeMiC enri¢hnN look place ross Ihe Sthc¥>l bnt]MB an excelleni HPQ arml EPQ evenin8 in which Y¢8T I I and IJ pupilspresenied Iheindepthdtsi rt5ear¢h proied5 Ikylladc3Icdollt. TorneardWCl1 led aprnciiulpainiingworkshop. The Howard and Mii¢hell EY CLwiiion WAS fIcelY conlcsted (>e a8ain Ld thc School rullnus-up W Thc Epping Fortst P8Tliain¢ntsry DtbaiknRCompetii¢on. In Iht Rowy DebatsngComWitiOll. L¥>ih Th2 illtermediatc and seniorteEllnS rebehed lh¢ re8iOt)81 rowds before th¢ ¢WWiliOn eJthJ du¢ kn COVID. The SCI1 a husELngs 5tyk event for th¢ four lo¢al MP candidattt wilh a $tll&nt chairin8 ih¢o¢won. ChaTi¢abl¢fundriin8COthluMtsknbe Im[rttheeTrugellCtyWjth1oCat1iTr11IoD1lCh81lCsCh0 aA8pPOrted. navi When l¢xk(kJwTr began in late March. so did rerne texhing Dnd althDuBh p¥ils xrosg the Schcd. With the eiceplion tsf the ¢hilditn of key workers. were b•sed at lyjmq tbeir ¢dUtIOn CODfiDued. In ihe Trinity T¢mL ov¢r 10.500 f¥¢-ttrf•ct lessons wert delivered to ¢hildtett in YeaT5 7 ar abtsve using Micr050ft Taryms. For yOWJBer pupil& yemote ieo¢hing was ¢arFied oul Ihtough a mixlurt of wotk pxk$ se1 and onlinE texhtll8. Sthfrengaged with tully well Ind wa$ a high de¥Tte of saiigfa¢t¢on from p8reniswhopts¢d rheir¢onsd¢rnbl¢effotr. Midwiy through Ihc Trinity Tery the Giv¢rnwt thr¢¢ y¢ar 8mVPS w r¢tum sch¢ol in sn4llcr bJbblc5 for ihe last few week$ of rhe sclx)l year. the vast majority of chikn below Yw 7 return¢d ty stknl. Duting Ihis ptTiLNI. 8%s¢niblie5. pasiotal support atyj Chapel srrvicc5 ronrinued onlinr pupi15 in Yczr 7 and AbDV¢ took their ¢Dd of year rtm(ely. Following the en¢ellI0n of GCSF ar A level exams. Ik SCI1 BeiiernEcd Cenire Asse&std Grades gnd PTe-A level and pr¢-VniVtrsity ¢ouYscs wert develoFed th1 stthts in these year8row were kepl busy despitr iTr lack of exm8. Thes¢ Bnd mllny other 5W¢¢SS¢S W¢T¢ ¢¢kFnt¢d Sp¢¢¢b D•y ID July whi¢h this ye[W delivered virtualty.
Page 2 CHICWELL SCHODL STRATECIC REPORT {coplliN15EDI F•r thtyerefyded31 Jpty 102• Publk benelli In scttin8 The School's objeeiives and plaMin8 its 1VIllE5 the Gov¢rtK>rs h&vB 8ivrn ¢¥¢flll ¢onsidernlton EO the Charity Colnm#)n'$ g¢x¢¢¢¥l yidan¢¢ on wthlic benefItar lo 115 5uppkJwitsry guidw w VanCn8¢(1l{)n and Dn fee ¢har8inB. workin wih ihe widcT community hs alw•ys bttn of ThiBwell'5 DNA. We believe it 15 irW¥ml Ih41 w¢ are BODd neighbouts those• w end ¢¢d &Th>ngStth¢SclI'sbLbed4Mkn$ roihecornmNMIIi'. Wc wAnl pupils lo go on to make their wsiÈie WLnd the Ybrid and prcp4talion foT thi$ t¢8ins when they are al 5choDI. Thty are erged with th¢ local It community TrJ the S¢FmJ itself stts Afl exAmple by shaFing fxilities and ¢ollaboriThg Wilhothe forTnuhwl E¢n¢fiL As In oygatri581ioJL wetOjOy WOTking with of Ihe %tiViii¢5 listed irl follow5 have been running forinany yc8ts How¢v¢r. we arc OPEn EO suueSEM)n5 foi furthcf o)IlaboM1. within the limi15 ofihe School's ruourrrs. aiid irWh 15 li$tcd beknw SEimulas idEa5 forothrrpTojetis. pkAs¢¢oNaa us w w¢can explorc Iw)w mi8hi wk 108etbu in tk fulure. Opportunilies PJDV]ded for C¢swell pupils to voluntecr. Ix)th tocally athj OJrth¢r •fiekl. Wt hop¢ thai this Work is ofbEnefil 10 ihc recipicnlsofthe volwrteerin& hLI •tso to thtpupils them5elve5 wkn karn aEoJut thtwWkofth¢oryni5all7S and the nttd5 of Ihose who Ihry hvlping. As pBrt ofikne Dukeof Edinborgh {[kTr} Award schane.clJweJl pu]H15 voluJ)t¢er•t Iwl f¢out albE0WTr 8roup5, helpeld¢rly Drighbours with EArdenin8 aThi other Ii8M dulie4 iotal litKArie4 Epping Conservation CeDIT¢. lh¢ Chigw¢ll RidinB Tru51 and in lo¢al Charity s1kn)- In ltion. a srnall grwp of pupi wotktd ai • Lwth)n sh¢lt¢r forthe hDn%les5lI year whil¢ othcrs h¢1p£oh Dt lordl IN)ckEy, Grirkei aThJtwi$¢lubs. rkntE volunieeriTh8 alonr 1.820 knurs in 201912011.5(¥J hDuf5 in Thechapel ChoiT CD. ka$¢d in D¢¢thMber 2018. contims 10 rrise ttw)nry and Awarenes5 for the WOTk of ELHAP. Sixih 5fudents DT8anJseii ihc collec11r dis¢ribuiifft of n¥>tty gift5 at Harvest aThJ ChiiKTMS for th¢ Sir¢¢ts2Hom¢5 cknHriiy Hlrlow. Ivthyycar, a8rwp of pUs. potcnis and volwni¢¢T fori wttk rhc rim Prus5 Met[11 Srknol Arda kxal llshram in ]ndia. Thrnughoul thc yeir. #re ntsed to sUrt this 5cW lohelp in th local village. Th¢[5fr0MdlffeTelltxthts)ts 8•m)88reatdI fromvmking mp11.lI1m•lC1yTh2rlI1nBp1sIJUls$J[Cdscboo]s. Chi8well sthff or8anise a mock irttetylew ¢vMin$ for5ixth fotm uderrts ytying to tDedirine * univeThty. ITVi¢W¢¢5 are5this ai Chi8wtll and OLher]oI thls. The musi¢ &portml h&s deliv1 MlC sessi$ # fow i1 mllry SCI1$ with a View cnEowaBing pupi15 lo enjoy and p4rfi¢ipat¢ in musical a¢tLVllies. The Diffor olm kn with th¢ th¢ local sc]vJol$ lo share yiaiegies foTstretchinB the m051 ibl¢ pupils. Th¢ Libr4ri4n look5 for 5chw15 Wtih w Wtts ftbr iheir librnries and Wjppts wtlh spDre stock. ThTough ¢he Library Associlon She Iw $w¥¥llg to a new school librnriart advised Ctoxlcy S¢hool on whoi tg look for in a 5th001 libr8ri•n,i(>dcscnwions Lit Manag£ml Systerrts. Chigwell Schwl hclped tstablish and then wa5 I wtll¢T fwik LoJ¥k)n Acthy of Ex¢eilen¢t in TotEeJthBm which opened ij) Sepinb¢r 2017. S¢alThelred al admissio e¥tnts ar¥J LAEf st¢$ and swff visiwi Chigwcll in Septrmber. Tr psychology depArtmen15 at Chigwell and LAET are lr. Four Chi8well rexher5 actcd as in Match for thE LAET ¢ntr8n¢¢ inl¢Tviews, one collrdBue 8e LAET tsku)8 Polish A leveL On¢ of I I)ty Hcath also pmvidcs iLtiKXthl¥Srt1t 04k8 Pwk S1 ollaD LWin8 bss 051in Chi8well is able Lse iL8 fa¢iliticsand staff kni Evets b¢Kfit pupjls fm s¢knis actoss the loGryl elknmunity. Annuolly. ChiBwcII host5.. for ]oc4] PTillWry s¢bts)b for DctbDll - 15 5choo16 112 in 201W191 and fothball - 15 S¢112 in 20181191,. a primaryscWs' tt¥Jsi¢day IItKI childrcnl ¢lev¢n s¢hrols; a primary s¢hoots' •rt. d¢5i8n and lechnoiogy exhibition irKI18 • pri&aie view for familirs lat which 26 PO in 20114191 rewr5tntrJl. and th¢ Rotary Youth Mak¢s Music Concert for 8 18 201&119) Jora] Chigwell Is art of eleven ISFA sdth15 a hub for junior gir15' foo¢bll. In this cwity. Iht Sthool has hostcd E5SeX reprExntsiiYe ieam 8ames for nd boys,. Essa 5dKx>ls finals )d serni-finals". Ewi•g Forcsi Di5tTiCt S¢hools SFX)nS AslatIOn ioumament: • We¥ Essex Sckno15 SN)rts Partnership lournannt.' ISFA ry rnulii skills evtsts., aThl Ul I regional toumamenis. Junior delopnt ISFA courau aThJ acl¢d Is a v¥we lor local s¢lw)ois' rlUreS. Wc Iso host IAPS UI l U13 re8ioNI knurTh*mLS.
Page 3 CHICWELLSCHOOL STK4TECIC REPORT ICONTINUEDI For the yoareded 31 Jwty 2•10 Pubjlc bentfit Itonflnued) The Schty)I ts very foT¢UMte in ternor fa¢iliti¢sii has. Theseare klIable WUR•niwions whi¢hTrth¢frtyDUftK people.. FA5t 15 Acting Sch1 ed Ebc Drll Cent¥e kn ttbeatse and perfrn PTodwions. Ea# 15 filni siuden15 also used the C¢ntre wiib Ihe 55i5¢aTtt of CThi8w¢JI $wff. Loyola Sch1 Parcnts. Association IK>lds their hmily fun &yhrvEcxh ycar. Stag Explor¢r Swut$ h¢id 2 SPOrtsw¢ningwhi¢h rk pt in theGyThasiunL Tht Epping Fortsi Distr1 S¢lv)ol$ Swts knciaiion htld af11 Chi8w¢II FC TrR]d a safdy pr¢s¢n¢aiion in tb¢ Drama C¢rLtre. The West khoDIs Sports P¥Ttnerthip uses the S¢knol's pikh¢ Middlts¢x CC held a crickd mah on the Schwl'5 1¥ Xl Pii¢h. Colebrook Royals and CIJiBwell Boys Club play fu)tball fixmre5 hcr Facilities are a150 sharul with local charit4ble orc0mmuThityorBatloTr5.. The N.E. Lotyjon Ma8iStrntes WelfaTe con1mil meets re8uJaTly the S¢twJoL Th¢ Chigw¢ll S¢h¢ol Art fjall¢ry cxhibits th¢ work of ¢xi¢rn Artios and isoptn io th¢PlI¢. Th¢ S¢hool pthid¢s grazin8 forus¢ byt1 CThi8w¢II Pidjn8TTt. Rotary held jrannUal'y0u1h MakL% M1£. the RtGBI YouD8 Musician 2020evcnts in NCM. H1. The Childrtn's Socieiy heldo bndge eveni Ir the Sdwl. The BAPS swam1nraYO used Ihc sehty)1 ¢8Tperks IOT th¢ir Diwfyli F¢MiY•I. exAminers By aciing Ds GCSE or A level examiners. chi17 teacher5 help to enswe rh candidats across the couniry have their papers ITthed accurately ar a liine ivhen the public examination sysrem 15 arguably wxltrsrThin. In 2019llO, staff ted •5 ¢xamin¢rs for OCR A I1 Ckn¢stsy. Pe•rsNL I GCSE PE Pewwn l A level PE aNJ PertTson BTEC Swrt. One le4cherwa5 the PriKiplll Exarniner for CIE BM)k>BY O kvel. Just as pw)ils take opu111ts to use thirlime andexFa¢i5tlohelp rth in Ihecommunity, sthifireeneDuraged iodo 50 É00. The chaPin coThlucted s¢rvI in i¢ul chw¢hes. area Dew and $k¢ li a Lumber of k)cal church •nd¢ommunily groups. He PT0dj1Yand int¢r4Egnum service COVCT for tocal parish¢& H¢ vi$id trBiningcamp$ (or Ihe Arnjy Reserve. conduthing 5crYi¢¢s ptovidiD8 Advtsfftu¢ TniniJ8 insmwlon. He 8Jso led th¢ ¢ommunity RNn¢mbrwce 5eTvice in Chigwell. One le2¢h¢r volwit¢V5 at Chigwell RidingTnweph wyek.tw 1$ abjIetrlmn$l1lrfr Priy)rtets AbTOt and another is part of the Education Group of Ihv Royal Society of Chemistry. A member of staff 15 a volunEcer sw)¥viwon smallpiectTn ¢thtyses. One teo¢h¢T 8¢1$ ay a volunleerBwr5hal * the HaTlow JunioT Park Run each su1&Y. OnE rearhersuppDnS prospective losrrentS1Jl¥N>therhjs Er2ineda4af4lSt¢rp8rerf provithsre5pitrcar¢ foT¢hilthen. Ohc mb¢r of has been ronfii#B 4)ocai Rainitr Broup forthr past 5Even years and coniinues to bE involved in girl_ suidin8. A Chigivell ieacher ts Chairof the W[r01d Welislln Townlt C(xnmittee whi¢h Bnrncts fiv¢ huDtk¢d t¢nnis ploy¢rs aged cighieen or below from acn$ ihe Souih East. A member of $iaff h¢lpsai IbeLorthnTitsnsWheekhaiTBketWI aubrKiaithc cA]Ve Sr5 Day for¢anc¢rp81ieni$ from Gtr4iOrmoj Slred. SonK ouiruch a¢tiVLEiU w¢Th w65ibie this yew Is • Te5u]i of the twl OPPNtimiii¢s weie thken EO SllPPOrt ih¢ community in diff¢r¢nE W•y5. Th¢ D&T departm1 made overoneknJr¥J pffJltttivevi5L¥fsforu5ein GPsurBeTie4 NHS hospirA]s.ht<hcentr¢s.pharnwies. core hDme5. knspices. hou51ns a5SOClaEiOnS. banks for SEN wwking at other hl$. The Chaplain Rlea5ed by SCIM to ]xovi(k choplaiDcy wprffi ty the •miy tpioyed [0$% Lonlkn. During thi$ Perd. he abo w01On cbtylain's rots w hospiiais •(aoss the City. Th¢ ¢hildr¢n of kcywork¢TS w¢r¢ lotsked 8ftt at Chi8well Ihmugh Ihe W¢knvn peTKxI. supwics were dDnDttd io 4 primary 5chwl for use With theirown chbidreTr ofkeywotku Alihough Ehe r4ulAr volunEttring carried oui by rwJiLs forth¢ s¢rvi¢¢ ¢l¢mttyi of th¢iT tk)fE iwirds was IiTniTed byihe pDndemi¢, i)&ny tookth¢opwnltys%l$r theirlocal ¢ommunitysueh tsurMleTtskin8 5JTrall jobs forth¢ ¢ldcrly and vuln¢rnblc n¢ighbours. EKamplE5 inrluded shoppin& gankning aThl ¢Iking for neiBhbo TWO mBrnbeT$ of redurtd their lttry and rrmnThi ihur TrllY Term fee reductk)ns. TweMy4hr¢¢ oth¢r P8T¢Dl$ reiumed twenry-eigTrLE pupils. fee reducti¢)w th¢% nribUtionS were 8Jl vsed 10 oitr Chigwell families who w¢re suffHinR rirwnc1 hwd$hip 8$ • mli ofthe pDdenJ*.
Pa8e 4 CHIGWELLSCHOOL sniATECVC REPORT (CONTINUED) F•r theyurcwdyd JI Jwly 2•2• Eco Although Chiyell SclM)Dl exists to pyovide ihe bem Wl-bIlnc¥] educ1 for ils ]XIPI1& AS organisarion we rt08nisp thhi we have an on th¢ icul and tLqtional t¢thY and (x) famils who hav¢ a Y¢ry low income. In 2019120, Chigwell contrited neady £23m GDP ofihe UK. of whirh ovu £12m was to Ihc GDP ofthe I¢31 aTca. 435 job$ ar¢ Jpportcd by the S¢knol And neavly £7m of UK tsx Stblt0 by Chi8well School and its wpply chitL Meanwliile. the lolal sovin8$ 10 the UK tsxpy¢r thr(h wpils alle11ng 111 5¢fvxJl rgtb¢r than taking up i Thin101 5c¢kn s¢hool place is sott £6m. Whcn thc School wa$ foundLyI I 1629 by S•rnJ¢l IE SEiwknILxI knc•i Kh)IDrs bc oiYc¥cd Plac al Cliigw¢ll. NeaAy 4fKiyeaT5 lakr IheGovemors maiotaiTL a Bllrsary w>IKy arvj a¢onmihWli sharin8 rhe School's knowlcd8e. skills and f4ciliiRs whi¢h itssdh( conirikn kn a wMknin8 olacce55 to Ihc¢)pwrtuni¢i¢s li rjlyers. A gTowiiig nuThlxr of pupils in Year 7 athl at•ve Tttave ted-finI to enable Ihrln atternj Chi8well SChL BuisAfi¢s helpbrightchildren wkn w(¥uid rL711ybenefil froma ChiEwe114xiucalion. bul wkns¢pamisgu•rdians ofchildren would olherwise Ix unabl¢ 10 afford f¢e& to11teI ihe Scknl. Butwits ate adverti%ed widely. Including Ihn>u8h Ihc London F¢¢ Assisthmcc Consonium. ihE Hudjwsitrvisitsth f&milieswhoare UTth coDs1uaiioTh for an award. Currently 8/•of cliildren in Y¢ar 7 and rewvta burJary andof Ilw half rtt¢ive a I(¥ AWllTd. Tn thE year ehthd Jl July 2020 thc valutof meansed iw¥rsayies iotsikd £83958512019.. E77196814nd prnvithd •$Star¢ to 50 PDpil$ 12019.. 531, of which 23 12019." 171 bth¢fii¢d from a full remiwu of fett. The w•1 £Tril 12019.. £46,86)) in trmissions in ts forniof rtstiicicd fund butsxi¢s pw>i1512019.. 17). SchDlar5hi Chi8well s¢hoj•rshiartllM'IYdCd elth ytsr.pTinwilyAa8cs 11 16.in tWO8niiionofx•dcmicm¢rii. iTrespxtiYcoffirtèn¢ial Jneans. Music, Art Dnd Drama schDlaT5hips¥rt also •VALlablt. Sdw)lar5hip5 •Te ¢urrenily awarlkd wilh a fixed rtmis&ion of fces of beiw IOY• and 50V4 some awd% whiLh tx)mmcnctd in llEr y¢ts r¢main gt higkr rnles bul these ar¢ grnthally diminisbiiig &s Ehepupils ¢otKeMl ¢ompkE¢ EIKyrsdwJoJi6. In Ihe year en8 31 July 2020 ihe School awar4kd knlarships to 149 pupi1s12019.. 1491. iotsllin8 £528,srH12019.. £519.4671.' Se[11 of these wpils also qualifKd rrtns-tra&l %prt aTE in¢lth in ihe figu5 telBiinB lobuMry #wards. The School 1$ wm)wll¢d 10 aurKEiD8 atvj ¥11th8 th¢ biRF¢sr u11b texlrs Ind ¥$ part of th25 COtnmiltrnl di5th1nts ¥re av8ilabie 10 those ]]be[Sh0¢hc ihtirchildtcTh at the lolal bur5aviE$. scholarships and otsTEm¥ssions to £1.74191112019". £IW,957X equivalent 15%12019-. 16%) of elisibl¢ fee& or IOY•12019.. Ifyy•l oftotal gtoss f¢ VIn#p¢1 revlv+V The StstemtTht of Financial A(¢111t$ shm an incrcue in [0[¢ inv¢slmenl SA1 ty8nsfu5 of£306.68712019'. a reduclion of£367,4701. Ner fee irKomt aMottd to £14J22J48 12019.. £14219.0151 afverlr$arIe4 gn[S and alJDwances or £1.742.911 12019". £1.649.957). Te¥hinR 1]ed £7.862.889 12019.. E7,541.6131 oul of totsl tthJcatirJnal expenditsTe of £15.191.56212019.. £IS,(l9.6221- The coron•YinJ$ PAThlcMic I 10 • Pffii41 S¢hty)I cknsure FKtween M•r¢h andjU 2020. lihou&h >)ox 5Tr1 JMpi1s. includ8 th¢ whole of ihe Pre-prq>, tontinuthl to attd when wrnittEdby th¢ ¢knrnnI. The School esSed the GovcTntn¢DI'$ Job ReDtion ScbcllK asa thunthrof sthlf WLYC futluw •Thl rfj51 savin8s wcrr Fq55rd ofj •s in forni of rtc diEcounts in the fJnDI renn. Thc G(vunors Irc conlinwth8 ih¢ir strwyof (kploymg tw in¢orne in Mw¢St5nl in the uCl] Fxllpjses and ffjbTiC of lh¢ Sthool. The Govemor5 v¢ rctsined a Buildinb M2inMarKe FuTrJ andeamllrked it a ContributTh 10 uwniing major ¢¥idi1Ure projLft4 evid¢)K¢d in ihecurmi year with the CQfflinUlliK>Th ofa Tolling rtpoir and maintcnan¢¢ projtct and Consinlin of a Dew 3G spons pitc coThpleted e8rty in th¢ 2020-21 aca(knhKyear. Th¢ CVernO[$. cotnmjthnl lo th¢¥e substantial facility improvement prDiects fMMa¢or¢ ofthir 10)w lkv¢kYt Plan (see Plw for fviurtp# on page 6>
PH8e 5 CHIGIVELL SCHOOL STRATEGIC REPORT ICONTJNUEDI For theyuT tDdtd31 Juty 2•20 Rtmrvtt pollty As shown in nott21 (othe 1tt0lln ihe se01.$ tot•] fwwjs of£24.6mi theyearend itth)ded£45 JIO unspem re5tricied inCne nd £3.8mcndowmentCApitsI. Afieraddin8trAck lhellciuarialtyu1culajl Iransieni Ps1on fundingdefiEii.unrE51riffled funds $lo(xl at £20.9rn at Ihe yeEr cnd of whith £7.6m has utllivd itt th¢ [•rt fiJnd¢n8 of Sth>ol prtmiscs and equipm2nt: addilionally. £10.9in hll5 been ioancd to fund int]xovtments to I0¢nI land ilIdIng$. and these lo#n$ eould only b¢ released by di$p)sing ofrhose pernneI endowmeDt ass¢ Th¢ r¢mainin8 £2.4rn Fepresents funds iniendEd lo bB US (or fuwrc invu¢nni in the ScknDI. This con4we5 th a policy Icvel of£2.5m. which would UVCt up to two month$. op¢niin8 Costs: ¢DmbiThedwith thestrettgthofiheS¢knoI'sJeshtCr.lRdthe incr7%caSh intlow fromfvll swdentroll&thtGovtmors aTe crth1 Ihai cuTreni Yernarenxjrtikn sutr1¢ forimnKdÈi Thc School has ll PDlicy of des11n£ funds onty for r¢venye cwabng purposes •nd ac¢otdiTbBly has desiged fulld5 for the tdeniificaiion of5urpluse& from lelling its3sts r¢swr¢¢& forbuwri¢s¥ forikrywrand nHinThance ofitsbuildings. particularly ils older troJildin8s. All of tht b&ne¢S in d¢si8nAted furth ai the ytT end aTe irtteth to be applied ro reven¢ and op¢rniin$purposes wiihin Ihe nc¥l three ye4J4 th( thty MDY aiwb¢ repJtn15bed in the Jwantiv. Somc projects in the School'sinvesrjrrtni programw artequivltnl in scale TO Ihemrplusesadded to r¢gorv¢sd restricttd fvnds over mony year5, ind ir 15 inevit&bl¢ ih¢r¢foY¢ ih81 rtstsv¢s•ThJ fLmds will be subj.ect to significant movemeniawtr tim¢ tys sutpluses •rE. li fLTSI. aUmULAted ts>wDrds inv¢stn #MI th•) 4pplityJ IL Governors ttKmriof Ehe level ofT¢s¢rv¢s againsi ihe N)li¢y level as slated alM)ve and. when th¢y ate F¢Jow tht polw level. seek ro Ipjild up reserv¢s unEII thar lev¢1 1$ rea¢liL $ubjecl lo the PJiDr demEnd5 offurthercApi¢al ex].1U e91P the Schcd with the UP-to4Ale faciliik% nttded kn maintsin Ihe stsnd8Td of tducaiional servic proYi¢kd. Investrnent pow¢ All ihvesiments rElaie Io Ehe ChiBwell Sch] Cwal Prize • lirkktsj dwiiy. •Thl the trU5Ece5' PDli¢y i4 ty invesi through sptcialisi ¢harily sttior inve51]tnI llLwgers in xc0rdwIth & varw)us &¢dk Cash surplllses and lldvarK¢s att b¢ld by th¢ hLY>r$ bankets in stparafe inkrest-beDringatCth2nts thte wli¢•bie. Rlsk m#neMemf Tbc Risk and Complian¢e Committtt (see cVernBc aThL inttrn&l ¢otttrol 00 p•8t 71 is Tesponble for advirin8 tlie Governin8 tY ON ihe nianB8emeni ofrisk. Th¢ Gov¢rnin¥ Bthly has wved lis risk managerneTht poli¢y 2nd a PTO¢eSS for the rr1 Tevitw 8nd improv¢m¢ni of risk Mthent. illvolving a risk register Th¢ ovttsighi of the mèna8ement of particulDr risks is devolved to Ihe appropriole Commitlt¢5 whtch ¢ht¢k Ihat Polici and procedures conLtollin¥ nsks aTC iznpINnenled and re8u14rly review1 by'risk owners. within S10[ mJnaBcnn1. Tr Risk Cornplian¢e Commiittc kn rc5PDnsibi]ity for th¢ ov¢rsighi of th¢ inanageineni of ihe major risks forth¢ S¢11 •Ni ret#M5M those lo the Schools Crt)v¢rning B(ty. The inain risks thot (he CK>v¢rnorsh•v¢ idetttifitd and ihtplns ID those risks 8r¢'. Repuialiorl. Th¢ S¢bool'$ suc¢¢ss is bNili on its rrputarion for Ihe cducioti ADd ell&uJ8 of tyJT pw>ik We minag¢ thi5 risk throll8h saftgurdinB PDlicie4 sia(Y recruirmtni ]1¢1¢$. SUPPLYI for th pupi15 llnd and active idtiilificatioii kiid 1rsolu1fft Dfkniih al5(¢¢Y lItt Revenut. Thc Sthol'5 abiliiy io¢oniinu¢ Ihiivt is rtlianl OD fec incnE aThl th¢ ability io pay bill$ ts ihey fall The ri8k is In8n4ed by f¢xu5inB on Ihe Schrx>l's Teputsiion for extelknce. aaiv¢ mar4&eJn¢ni of working capital ond coinprehensiv¢ t&tn$ yJ mmager1 x(ouniing pr¢1. Curriculum. AcDdemi¢ ¢x¢¢ll¢Dc¢requiresthemost ableTrach2r5 With stht¢ofth¢•rt h¢ilities deltyering the curriculu 10 abl¢ $iudMi$. GovcrnDf5 manag¢ ihis risk by combining attr¥tiv¢ laneS with onyoing invesimeni in our ¢51ai¢. an Ipproach ro cnrolmcrli tha¢ ¥¥o¢ks with SWivc parults wlM>sc children b•v¢ •n apptyli for ItarnllJ8 Dnd. for th5¢ f4mili¢s who are unable lo pay full ftts. & Ixu5ary 5chcmethai rttogn5sespupil hievement and •ptitydc. The additional Chollertges brought aEout by the conxjavirns pthni¢ hw¢ t¥acerbaled revenue risk, with ihe ihreAI of S¢hDol ¢losurts and IhtPOSsibility ofadepresscdec0mY iryAtlin8JKirents' aPPEiiieoTabilityknpay ftts. Theeomprehen5ive In2asure5 successfully implem¢nted durin8 the CUTTent year to or wla¢¢ oper•tw acce55 to governin¢nt $llpp)rt %htme$ •nd a willingnes$iopasSOn C051 saving510pArenEsifLth¢ forniof f¢e¢thscouni$ havebeen.and will coniirtv¢iobt.¢ompEll5atory MhOd5 10 offsel ihis addiiioml rev¢nu¢ ri8k. Through the risk mana8¢m¢nt pm¢tsstsestsblisl)ed ftr Ihe Scl1.theG0VernD21srj¢d that Ik majorrisks thitifiedhave b¢eh ¢gUate]Y miliBaied whut ncctgsary. li is re¢ognigtyJ Sy$n(n only provide Te4sthJ*bJe but Th)1 Aknluie a5suranc¢ that rn&jor risk% have b#n adequa¢elYnllagtd.
PaBe 6 CHIGWELLSCHOOL STRATEGIC REPORT {COTriTINUED) Forlhe yt•r rndtd 31 J¥ly 2•YI Plxns for f•luwt perfo The Governor5 hav¢ agreed J buiJdik8developmeni plDD iocn5wE th¢ ctyJtinLdeW¢hprnc of facilili¢5 forth¢ highe possible cdu¢a¢Jomo1 prOvi4w. SubstEnEig1 work h% iw) ¢ompkE¢d orllhe rcfillbisbtithi th¢ChyL thc CO1n11¥jTr ora n¢w 3G Spons pitch and ihewe ale pl•ns ¢xt¢nd OT rebuild the srts ctr As siAied abovc. the &>vem(s are Inoking ahead aNI l¢W their I0y DBVeltymI Pl•n. Th¢ k¢y cle4ts of the fu¢ui¢ Stra8Y will coniinue to bc". gJ511irtd exeell¢rKt WiEhiD * knlisti¢ thr nerati) ora nde 5ufj>l lo Ih¢ ¢du(ion weifxe ofthB Nyil$ kn bc (kv¢kq)ul imptoved by providinB ldiiiLwI f8¢iliiiesAnd otTenns jISarle5 7th Mmpri¢. the provi3th of publi¢ b¢rtfii by sharingour fxilili¢swi¢h the l(d cammuniiy ad fu11180PpOrnltle5 rorstoffO pwpils from Chigwell and othet s¢hwls to wNk toRthforrnufual b>Kfii,' thconBoiJb8dcvelopTrtrttofpas¢ual CBTcrocnCouTagc]I5to£14in themlM rit fromthecducationptoyidcd te8¥rdks$of ih¢stres&es and strdits in Jber¢krtYntsoftheiTlive4 and to h¢lp themdcvelop into rE5ilienl young adults, teady lo lead worthwhilr i]krthknt lives 05 well tys thEir involvemErt ijh ¢xtsa4urricuLryr xiiviiie5. wi¢h a fo¢ on tmviding wblic bEnefit whtjt rwiblv. aThl IheongoinR deY¢lopnKni ofihe spiiilual ¢h¥ro¢r of the ScknL cebl0¥ th¢ many laiths Ial makc up th¢pupil and parent bdy. withio th¢Cbri#ian ofdSclkn)l. The Sir•i¢gi¢ R¢wrt WH5 •Noved by th¢ Boud of TnH*cs lill thtlrwxiry4swwydltts>}0n 12 De¢¢mbcr2020 1 $iBned on it$ b¢haifby'. CJONES CompAiy Secretary Clerk io the GOV•T5
PaBe 7
CHICWELL SCHOOL
REPORT OF THE TRUSTEES
For th¢ yeAfeDd¢d JI Juty ZQ20
The Ern51¢¢5 present TqX)rt iogeEhcTwith the finCl sthtcllthor thc¢harithblEcompkny forrhe yetrendtyj 31 July
2020.
The fInala1 siaknrtnl$ ¢£ryty wtth IhE ¢huithbJe comFWlly'S govemi08 ¢bXWl. the Charilies Ad 2011 and A¢¢ouniing and
Reporfin8 by Charili¢s." SIAi¢ment ofRe¢ommeth Prxii¢¢ ISORP 20151 IS¢¢0j Edition erredive l January 2019) )ppli¢abie
10 ¢hariiiesprep•riDg theiraccowts in X¢OTduJc¢w¢th tb¢ Fi¢wKsal Reportingstyryjgrd applibI¢ in the UKIFRS 102)Icffcrfiv¢
l January 2015), ?ryi in¢lud¢ the Str•ie8i¢ ¥nd Dir¢oors' Rn$nder th¢ Companies Aet 2O(kS.
DlrtrtDf4 nd tmt
The GovErnoT50fthe Schotsl artlhed1rethLtsfthtcb]r¢ljMpanYlthtSChI)d Ilw) itstru5ttts forthepurw5Esofcharity
w, and IhrDugh(H]I this fEPOrt arr colleciivcly TefeThrd ro as the InttS.
Member5 of the &>verning Body¢BrL b¢ fwr¥l rffjpaBt 32.
Slrncturè
The School w•s fOdea in 1629 by Samuel H8TrTrenwh0W w the time Archbiw of York
Th¢ ¢haritable¢ompaDy wks w¢orpornted on 14 Jurt2(X)6. ats1tommenOfftItlonsOtt l 2& #iwhich lime il received
by mMfeTthe wholE of the undertaking and asscts. orheT than pernunent endDw1Jt And TeMriMed agstss of the thi8w¢II Schcol
Trust and Ehe Chigwell SclM)ol G¢n¢ral Prix Fun& A unilth8 ithrtthion of theCl4rity Commissioj) 8ivtS the ¢hiTiiable mPoY
powers todeal 1h 1hepernthtKlY cndowed and resrnctsj assets aThJ ro Tecord these &4scts in its own a¢counts.
Th¢ inted ¢harity a con4yany limited by8uaArfv. eadL mtrnkn's lithiliry 15 rrsrrictedto £10.
On l Augu512014.tht S¢knoolatquiredthEwhokofiheissuedsharecapi¢al andundtrtakifi8ofchigw¢ll Mitr¢ Ent¢Tpfis¢s Limited.
Chigwell Milre En¢erwises Limid is a comwy which. by wilh th¢ $¢hl. Jukes the kknoj's asse and fatililie$
8vai18bl¢ for ¢omftxr¢ial a)yJ ¢h8ri¢able use.
Oblecllvej
Theobjccl ofthe charity iy w Edvan¢¢ ¢du¢8rionby th¢pmvisioD ¢onth of •day atyYortw)aftlinKthI ithorne&T Chigwell
orby such other means As ihegovernots sh1 drjernii
The s¢J¥Jol isprinIY & day sclKK>l for d8yrIsaSI lrnm 4 18. withboardinE provi$ts)n forsixth fomitts. Ihe aim 15 10
develop high acDdemiE standardsand wdl-baWAod ydf-¢ODfKknt •thJ b)men.
Covernance Ind lTrt¢rnl ¢ontrol
The Schwl 15 governai by I(brning Brtyof xVMMdiios tsWtseu$1lyknow7I t8GDvernots. Twty Are ¢x-
orriciD Mtttr$ of th¢ lo¢AJ ¢let8y. Up to fifteen are ippoinlgd by rhe G)verniThg Body and Thy be r¢-Cld. N¢w iw$t¢cs art
u$uallyeleckd for a lernkof fouryeaT5. New thCeS undtrBO Uitntstion wbrief tbcmon IheiT le8alobligalions uThJtrcharily and
Company law. the ¢othitni0ftheTr1 dred.thE CommittEesiruc¢wrand deCiSn4nDll prw¢5S¢S, th¢d¢velopnxni plan and the
rcctnt fu¢181 wfornunccofihedJaTiry. Trust¢¢s ar¢cnww¢
Pa8e 8 CHIGWELL SCHOOL REPORT OFTHE TRUSTEFS (CONTINUED) F•rthe yar endtd 31 July 20X) Governaate And Intern•1 control ((othtiued) Thr 51tY¢lur¢ mtmbctshwof thE CortMni1lee5 of thE b)¥d thjring the yeorwere4s follows.. RpJr¥•pSffièJX IIQIIknATKINS THF.BoARDOF IFLIOiS OF HW cobtsitrrEE IP( Wd. dlMlk. %ktrOirofCLW Th¢ 1rn5tces havedewtslvedthed4re4lb1llty fwJ£aIh?[IInlCts the HeYmawarKI finMKial •nd est•t¢ m&ttus to Ihe BytsaraDd they in ium are supwMt¢d by th¢ir SenM)r ManAgenKni T¢atrs. Tkrcmunerniion olkcymAnwM1 pcrsonncl Is scl bythe Pwkcommiitee. with the l1¢Y)iliVe ofpnTrvidin8•ri)TOI)riÈ illcentlV¢5 10 ¢ncollrdge enhanccd wfornw and ofrnvJTding l]xm f•irly wjd reSrSiblY for Iheir iNiividu81 conlribulion$ the School's SI¢$$. The opproprialrn¢5s and relevanreofthe Fdicy isreviewydanmwlly. itiudin8 refc¥e4Kckn eomwson5 with other indcpcndcnt5c]M)S 50r¢thilI mIlEL% sctisii1ycthc1XD3th[ is$s•r pay•1 rryloymcnl cortdi1ionsclsu¥hE. The Sehool oims lo rccruil. Subj ¢xp¢ri¢nce. ai ihe lower w nxdillm Fmiinl within a b8ts1, wov#lin8 SC for rewthin8 excellence. Deltvuy ofu% Scknl's charitible vision S1 putw>se is prim¥ily dtP¥Mlent OD m•n88¢nxni pennel aThl treD%ES arc Ihc lJrBc%¢£ith8ittJcnKni ofow charil•bl¢ ¢xp)Mliiur The Board of of Chigwdl Mitre ErLterpri5e5 L¢msd T¢POrts to the G)vernir¢ Boty. The FIne *)d Propryty Cominillce is r¢wnsible io theVerlI)E BY fu reviewin8 rht effectirSS of the control ¢nvimrncnl 5eEk5 awrtD¢e$ rrom m4narni on th¢ etreciii'enr4s of ir4¢m•l ¢oNrolK
Page 9 CHIGWELL SCHOOL RgpokT OPTHE TRUSrE (COTrITINUED) F•T thy¢r ¢&]1 July2020 Employmetht A#d rtMuer#tlo pollry Chi8well Sckool is an equal opporEuniiie5 tmployer INI th2[rfO therr isno dtscrimina1ir bettvcen m2n women or bthwcen rull and part timc workcrs indcc#lin8 the remuncrntion. The remUnerntI of all $iaff. 1118 key pe¢sc4)neJ. 1$ exh by the fy)vemots' People Commli which Ixakes re¢0M¢)la1Ion$ 10 G)vernin8 B(Mty. Basic remunerdlion for mcmb2rsof the leaching thifis based on national aching scales. Basic remunErniion foT mernbers of ihe Le8dttship TeaTll 1$ bad on nional lettLknhip scalts. In lI¢jOn bL%ii pay may rtteive Rewsibility All0te$ foT significant athjilionaj respMsibiliti¢4 su¢h 0$ for A Hud of Departm1. Chi8w¢ll wiJ)ts for JOiliomal duties of ts less $i6nifJ¢nl naiute. F¢¢ dts¢ounts ate 81$0 a111b1¢ kn eliiiblt staff me4nba5 who $¢ to ¢dtr th¢ir ¢hi]thts èt thc Sdjool in a¢cordkn¢¢ with itsujnmitrwi Èttyactin8 •trJ ttt¥inin8 the hi8JsttalthTetebets. 1$ not pai ReMwrAtion forr)rt staff i%a8teaf at the timeof 44tht aThl isakn reviewcd rnnulllly. Bonuses fort¢a¢hinR and suppon styff gr¢ (Y¢•sion•Jly P•MI gt tIKdixIloft ofthe Gov¢ming B(ly. With¢n agreed porninet¢rs, the Headmaster di%tretion kn rnakc SM]er 8eStllT¢S of thank¥ All ¥iT ¢rww¥8¢d to belw8 10 an appropria1¢ p¢nsion schcme and MAY opt olli onty by 8ivtiIB ntsti¢t in wriii2¥ StttmeMt of A¢counling and RtportinE ReypoRst1 Th¢irusE¢¢slwhoaTealwdirworsofChigwell S¢hwl forthepurrsts0f¢othlY knw)aTeT¢swDsible foTPTtpawjnthe Siratekij¢ Rcport. Ihe TnLS¢CC5' AnnuDI Rcp)rt aDd the fnCilI sthrcJMJts in accotdancc wirh ¥4)lieabk aThd Uniicd Kin8dom AccountiTr8 Slandard5lUnitul Kingdom CKncrally AcceNul AccovntiTr8 PThctKcl. Company law Tffjuif¢5 th¢ rny¢¢5 to prep¢ financial srat¢m¢nL5 for each financial ycar which give a trn¢ and fair view of Ihe 5tyttofaffairs ofthe charitsb wmpany aTrJRrow Dd th¢ itKomiJ)g regobrces and applicarion of resDurte4 inclLiding the intome and exrilUre, of EhechariiableKrnup for ihat riod. In ik5¢ fthartial the irusietsare required to.. selectsuilabk accountingpJlicie5 and then apply rhem Consien1]Y. observe the MethL% 8nd priTlpleS in theCh8riti¢g SORP: ¥rk¢ sound jwJ8ements and eslitnares th aTe [ea5LXb]e rrftht: stste whether appljcAble United Kingdom Ac¢(MlIng SthNl•rds h•ve folk)wed subiert ts •ny material departu di$¢los¢d aTvJ txplaincd in thc fIn¢711 5taternent4 and PTepaTe the finDncial 5ratemtni% w th¢ 8oin8 ¢oJwn t45i8 Wil it inapww¥te io pttsumt thai the ¢haritabJe CoinpY will ¢Oni]m in opeta¢itin. The tsv$it¢s Y¢swnsiblt (or mini•u)ing prDrrtr acctsunting rOrdS which di5ck)SC With reasonable xcurncy ar any tinjt ih¢ financigl poSittt of th¢ ¢h•rityb]e conjpthy the and whi¢h thabie Ihtm lo t[rt rhet the fm&nrilll slatements compjy WIEh Ehe Conwi¢s ACE 2(. Tr mw¢e¥ ¥¢ 8kn res[b foT safegu¥JdiDs the ass$ tsf ihe eharitsble compAny Bnd ihe group and bence for thking r¢asonabk sps forik pmefjiionandth¢iion or[rn atyjothet itwlwilie SIAtemettt #i to dlsclosure ofinfornilloTh to idltors In so (ar as th¢ truMees ayt wart.. lal there is no relevant audir informEEThof Mthich the charirabk comrn¥ •blitor is un8re. Ibl the trusEeCS have tDkeft all Ihd Iky oushi w h•v¢ makr th1¥¢5 awarr ofany relcvani audit inforniaiion ar to esIabl lh ih¢ auditor i¥ owweof thpi intomwiorti Audl¢ori A rr501uTion will bE propDSed ai the Annuol Gencrnl MeeEingth•i HaysmxiniyR LLPbt re4prM)1nJ $ alIr$ ¢0 the chariiable CoMnY for the eMuin8 year in acCorda[e with scclion 485 ofihe Comwits Act 2N. TheTnwiee$'ATmulll ReFx)rtwts ar4)rovedbytheBollrd OfTrtye¢slinik¢apacity wntwby dirtctors)0rt 12 Dlber 2020 •nd signed 1¢$ behaifby.. C JONES CompArky Setrtl*ry Clerk to the Governors
CHIGWELL SCHOOL COTLIDATED fATEMtyfoF FINAhflAL ACTJVITIES PoBe 10 F•f the yMTe•thl 31 J¥ly2•2• Tot 212• Trrt•l 2019 N•1 FMAds £y•• JNCOhlE AF4D ENDOWMEPlfS Irom rh•ril•ble •¢flt. School fees rectivabic Othcr rduclltiixml An¢11ry Ir4rting ilKQm2 Ju23 35• 14s 14319 2A5 24 Trndin8sutrsh4iary i¥n R¢Dl41 inCDm MiGc¢llaneow iw 205 26 28 lTrY¢stllbtttts: InvesltTthi 38 IP•lwntiry SD¥r¢ GrAnis. donatKJnsAl J7 465 Tot1 In¢•n 15$12 IS56J 14847 EXPEP4DITURE Exptndllure n15iNg [d Ancllrytr1lI0 TwAittisuhidiryexpeThlit 86 T•tAleApeTrdlbJr¢ •• Tri5iTrE 62 62 gxptndityr¢ ¢hdtttbie &rtlllks: tducaticth a¢j KrnrrtwkinB 15,14 Tot tw¥eAdtt¥re ¥&i?• 15314 bpfDrt lve$iThl tr•Trsf¢ 3S2 37 1367) Unrtalistd pins¢n invesDr TtansfersbeDve¢Tr Net ltwndltuI1CtsMe foribtvv4r 3Si (441 307 MovwtKnt irt sc rtdtTr8deficii 62 f•rtktyer F1balce5j£hl fotw4¢ I 2019 2• Z432• 24.517 bl•nce5tsrrf¢i f•wvd at 31 Jul). 20 731 1&565 24,220 Alla¢¢iviiK% derive All8>n%and rrcoBnllcd llLthe o[FiAlI1 Aciiviii Dctsilsoflhr rUbYfUTrdiD t¢ in
CHIGWgLL $CHL
BALANCE SHEblS
[ 31 J•ly 2•20
Puge 11
Gr•¥
ChArf
N•t¢s
2020
2019
202•
2019
FIAed sit¢
Schwl b1j11$ ITMJ t¥JivAl
Inve5Dymi15
21.jr
22155
22,1
95
149
22.194
,iso
22.195
CurrrniSfo¢s
SiLKk5
D¢b
CLShknddtY1lts
19
338
26
16
161
4J13
4343
4530
4.446
Cyrr•llt ¥bIlITIE$
CitditorSpAbIÈmth1ftt >
12.D)91
241
N¢iturrtyt •s¢ts
2521
2J36
2520
24.715
24.715
LonK4rrn UablUtI
cr
CHIGWEiLSCHOOL CONSOUDATED CASH FtDwsfATgMEKr Fwibty¢r¢thd3J Jty 202• PaBe 12 Not 2020 £YJD• 2019 1019 LNO 13671 D¢prciaLion chJr8eS Dt¢ttose in Mock5 1lnrrrl"Yt<1ethr irtd¢i4tys Increa iThcrediTI>s Mov¢mention4dTrAnce fee5 MovenThis 16 17&19 18 17&l9 1117) 72 184) N¢t tAsh IAnbw fr•w optrailDD5 IJ6 Csh fl•%v frDiII iilve1tin8¢tiv&ts 5ehts)J building5 4j wyip]WDt 1522) IS221 knk and in knd 1131 Juty2020 CDshil kind in It l Awst 2019 4J69 (4JM) 4JJ3 Nei cash iifltyWlr•llw} 236 In¢rc&iDecr¢oseTr I ¢1sh >T 136 {431} Mr¥eJMni in tI fiYA%in the )T Nei Yj5 l A2019 Net xrpkn it31 J¥lyl 4.333 I1$ 4)33 ft¥Mprtofth¢5t fmxl1ls
CHIGWELLSCHOOL NOTESTOTHZ FINANCIALSTATLMEPITS Fortht yeat e•ded 31 J¥ly 1020 Pay 13 pDM¢l Th¢ foli0wingAccOutJ8 .£1£% lthvE len 4ylJ dt4tin8f•ith thith ar¢aSIdEred r¢WioD io the School finnci&l liety. al ofprep4rw¢lo Pr&dicc for charitA(so%P 2015}IStcthMI EdilHYI tffttiilt l knuary2o19)4J Fmintial Re18 stard 102. auyyll Sthol OfaWfll rniy uTrRS 102. Tht fi¢1 #tetaredrM up M the hOr11 ¢tsT bagix ofat¢ttn ¥ bythE T¢¥hA¢K htbj ts fixed which rmrkci Yil¥ MYJ th(rt hrtd and bJibJin8S wbiehwere lIcd io 1939{Kd¢ 131 b} PreparAIi•D •f rheiteD•nts41Tr • bM15 HAvirtg revivwtsi the fimdsnl knlities Ivaihbk io the Scknol ¢cyhtrwith ihe oypected 0Th80in8 knind for places end the SchoDi'5 fuwre proieaed ¢uh &verrw4 have a re11b exre(w ih ihe S¢W r¢5wrc¢$ 10 ¢onlinve it5 A¢livil$ for tly flllutr. TriT ¥1 Pxent of thc eo[onaru1 [dern artd tht possibility of futute heal ic<k&ThJs. ttt of the iatth funcid fore<&4 sthbk terni tyJomes fol the 20221 idemi¢ Iw. th¢ ¢xi¢TrsiV¢wntrtrory wuswr5 •ke•dyfak¢Th th¢ phn5 IA p¢ rnxig•ir fiwth¢r tlI ufjcerraintitt Wtye thlift its thil teyeLwhith7Yjl Aecordin8ly.the tht•liThBCOKtm t•Si5 inwewin8thtfinwl olId in iheSwnxnt ofAttounting ReF8 R¢WThThbliE5 E•8e 8. c) Group itNteThnts The fu111 T¥¢1 the cl A¢iiviiKI (SDFAJ. the ccthwtithied aTrJ chgrity Blice Shetts knd tht Consdidatthl Cayb Fknw SID¥nt C¢XlV1s ihÈ cw50lukntw of thB ¢hDriry with its wholty yibsNtiory Chi8well Mitre EnleryfftS Th¢ I1¢$ ofthe sud Ire C%0111¢td 4 line by littbJsi& No stpAratt &)FA betts for thityAkn¢w PYJDiued orth¢ Aci 2rth The chThTity 15 in voi¢ l. dl Crltk•l •dlv•¢•ts tn Pr¢11¥ tbe WAstl hp5 eMirnAs assllDWb)ns ¢hAt •ffrei li applitilion of the Sch1.1 atC(xurtingwlicSad the rerM¥l ssuk bthliriE5. uwrnr I1 expwiinyr wjd ihe d15cI(surL% in the conLdted financial #a¢¢nts. Elm¢s jtsdwnts art e(ynlinuiItytvaltrd attd btscd an IJixlCa} ¢Xen¢ i other Inc111n8¢xwcIorffj offuthutcnth¢e itttsombkJtrtheCevm$tsnCc M&na¥tmcnt tXiutt¢sib¢ u8¢ful tyfw arrtt C¥[¢Tw. WIre ideniifiuihii octu•l usefiil lives diffet mlenblly frn the ts¢$ to k1led¢Pkl¢I(. I1 chtsT8C isuiju51cd PTOVfllty. Due to the Sipificanre of PE ind ¢qnl Inve5tsr¢ni th the cwrpry. ydrilty ben ond estimited useful ttonr>m liveg imFwton operntingrttIl t[iN¢ar llE•i%%ty.hJKW bwtyi¢llywckng¢5 bknT br¢n rewwed. The Srknl evaiw¢s lh¢ nccd debt FY0VC * cxh Tqming date. The or$ r&£1108 lEY is th wido aBain51 $tIf dEbts Ibe YreI yftLrd¢duuing s¢huknhip WJ rAhEf M¥51iN5 w¥ttdby the Sckd.. these we ree01$¢d in 11 ith i5Ar in which lheyare receivable. . 1hnstnSSubJea specif% wi5ksofthe dcfKrfsareurried tothCttlm tt#Mcted fuLth. . In¢OT fTWll alIry trxling athivitiu il recowLd •5 ¢4rned. Anciltr4diT of fatdiits frtt of EhArgc or al & Tcduccd rntc to 1]5 aNi kn71 Clty orwiw¢¢Jns ¢thwin8 the YUT. eakulated cth the b&%iS of the fore8one sMTrJ#rd eharyes. . GovtrnnTrl r¢vCttllc a5JsvIv5i50yth¢ Scknl r¢tOlI theted cosis kn . Inv¢51rnent iD¢tyf¢ on a
CHICWELL5CHOOL
IKITESTOThE NANcIAL5rATEHP¥ts (CONTINUED)
F•r ik¢yttreAthd 31 Jly 21
Pagz 14
D D••aitd
Whtlt s¢r¥ices And ewirmit th•t ncqwffjliv tep¥Ehad fw Wwx)l% ¥e prnvi u) the
Ihi%¢xpeTrlfftire is iKJuded in ih¢ riwi atthr<5titNtedv4hof thtcomn•thethty.
ExpElldlturt
EXJ11rt Lq recwistd as a lithlily is di%¢O¥Ad FJr kngeT lenD bthililits
ale#te. ExndItI1 is cla•¢d the T$¥1¥1 hradi
. ¢X1¢ US4Xid ithtsChirswtlf l¥iD8$1d ttpripnenl wthv2ken to further
h) Lc•Ks And pvr¢hw¢ ¢ptrt
TgiNe fuvd hwe (wt5 Irt Lw¢•ltsed ai 4r• tlMd fwr v4lw at thc Jit¢ of
inception of eKh lexe or The fwAthtt Ch1 llout
CHlCWELLSCHCK)L
NOTES TOTHE FINANCIAL STATEMENTS IcoffflNUED)
Forthe yeareHded31 J¥ly 102•
Page15
) Dbtor4
Fee ond oiher de015 4Y¢ recoAnurd * the Whyy(055W OfTei. PJvrA)7rtnts art
Y4lv¢d al nEidanydt thrA$d
) C•sh dtwx
Ctsh i &ddw"ii MibbAnkx incbJdecth4ndbi8htyJiwbJth4trmin¥uinMts.
pl CrodltOEAad
Credigors ind Ttwiged whtsttht g¢kni PAS a Ttwliihg psg e¥thi thÈi Will [blY resuli
tn iht thsferof a ¢hirdTffj.d the #m($t ¢osetykikobliytiwun reliabjy. Creditornird
proyi3n$lrt nonrAIIyTwixd lknrxtylenl wr
CHICWEiI SCHOOL NOTZ8TOT11E FINA14CIALSTATEMENTSICONTJNUUTr Fwtl¢y¢xr 31 J¥ly 21120 P#8¢ 16 2•2• £w• 2019 tktthlylty finrtil strA)wtt ill SDFA rcwcw kn OF ¢Ilty whdly ew¥4lly. Ckn8wciI Mre Ttyal IS817 Il5.174) 17) 14.741 (15,090> ExwndiIrt IAin8 fth 62 N¢t 34S {297) T(Aal tmTd 14J20 24,517 Tot•l forw•rd 24220 ReprESElbled by: fwJd Restncied itKoMe funds 2l73J 20,34] 1796 3.870 2&S65 24.220 •) S¢ool leos rttelvalAe CSchOol fte5 15J)7 f1.6J51 {1.74Jl 14J2J 14,In 47 14523 toio). burs¢% sclidar%hl 8nd Ot wtrt 230 (201?. 2321 ThE viILX of nthn5.1esd trJrsArses £839.585 12019." £772.96BI ¥J powdtd ass to 50 Fwls (2019.. 531. 23 1201. 17) beritj from a ful i59w offtts. st tri1norhtr wpil r1leS 220 65 2RS (no* 7).
cIEicwgLL SCHOOL NOTES TOTHE F1NANCIALSTATEMENTS (coNfiNU) FOT Iht yurt•thd31 Iwly2020 Puge 17 2•20 2019 £w e) Andlllry irndb¥ In¢•mt ill•ryThlingirK0ryjthcCoffteSVJR1jIrdorljed rnkuseoffxiiiiiek Pr0fityWegcrnIAS folhvrt.. 24 CoEtof 53ks.' PyT¢h•¥¢4 mcludingirryinr¢Dt Oifted or ttduced tak ustoffaciliiil (6} The volue offocilill woided of dw8e OT4t a t¢dLcd rn¢ ¢lthity tysiniwioDs. gsvtrowd £6.11812019.. £12.6911. has been bKlud¢d th liitDtsrtt Caknikid w ibE ofthE ththrdcknrBCS. Thc rcknkxi and ¢hay of£6.188 (2019.. £12ffi95) 4 Aknr. IKorne fronb Dtherwwre •) Trndln£spJb51dknry The wknlly owrtcd trndthg Suknhliary, Chigwcll hirr5 rtr¢ Srhwf5 spcqts and rthr faci11iics. A synumry of Ihe tt74Jin8 fc¢the >taris skniThbeb)w.' Turnover 205 CoAiof slllr5 AdmilllsiraticCffj .Chi8well Schx4 -¢xt¢rn•l {47 iingpror l4 recwvabk 51nvlor iTm Oth¢r Ptofrt f¢tth¢>%•r DlEth ynOprGift A41 wCh1clI5¢hcl {40) 160) Ntlprtsfit bl ReTht IKoatro ththlTr•fJlld b•lldlD Swff 4ffommodAii¢ Music peiirAtsii¢S. t(A)mkne 15 28 26 InrEMon la4fid unh ftes ExtrAUrCUrclll sUry
CHIGWELL SCHOOL
r40TLSTOThE FINAF4CIALsfATEMENTS (coffflNUED}
FwtheytAre•dtd 31 J•ly 20
P48e 18
10t41
i•z•
Tot41
2019
from11s
Bk der1t inttsiYttth%alt
29
19
38
GrArt&d•Tri110Tr5 •pd lryvks
GmrnllltAt Ertbts
Job Rcgeniim (JRSI inc¢
R¢tail. lINIalitYrL L¢L$t wnl illci
25
42•
IlwtioDy lryx¢i
Schoknhip and fv
chilY fUTrJralTh8 ¢v¢
Totld•#ilDM•nd
37
45
421
37
465
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CHIGWELLSCMOOL NOTESTOTHE FINAP•CIALSTAT8MEF4TS (CONTJNUED) Fotthtytr ¢•th131 Jty 2010 Pall¢ 19 An11)$01 eipendEtKre Other Tothi 202• Totil 2019 te 13) £'o•o C•sii ofritsSnR An¢tllwytr•dIng¢xpwL0UE TYodiNggJbsidiaryexpel1rt ss Toial ¢oih 62 Chtrlilbk tAptfidlt¥Yt TeKhin8 Welfi 742 1.990 J,127 28 54 2,369 lJ15 1.749 Firtance Costs 37 37 sup[ cok1s gtyvcrnrt¢ Ih5• lJ73 Tvl•lrharilibk ¢Aprvdllprr 9J14 147 S7JJ IS,194 Totilexpendlt l67 S77$ 1&256 (kd in gr 4w•rth •NJrfflzes is £nil (2019.. £46.5831 rthin8 th¥wh rtsthetcd funds InDk 20). (knTn3nf¢ ¢0¥5 E74.41912019.. r19.98n rewleX1ith Ihe ofth¢ ¢hiryry)nd it5 assw$ And Èrt wiiLlnly Lmit¢d wnh Conli(l I1 TwulIeni The chuiiy trustees wtre neiikn ¥Aid fttrr rttCld any other er11$ f¢#m Ihe Seh(KJl Or ils 5llbRdiary In thc Iw (201. £n>lX INX w¢r¢ th¢y r¢imhuxd expeDses thriTr8 ihe Iw (2019.. nil). Nocharity iTwee Tec<ived forFqofe5sKmaiorotherserY4ttssuwlied to the t[17y¢2019." £nil). AudilOTI' or fj19.2 12019.. £17.550). iry ¢oMs relEd sokty its tht Illtht. teirojrthl1( fly AthJiihwltsithItrmSlTr £618 (2019.. £630). Wa8es ond salieS Sorial S¢Tvfjty¢QSM PenSiLCOnlfthW1tsf 7333 727 IJ 725 339 ThÈivtrA8e nuthrof¢tr¥kne5 Irwa% 196{2019.. folk 202[ Number 2019 Tethi Prtrnises Suppjrt I1JIl0EI 30 45 196 198 £60.orM). £70,WO £70.OCQ- £80.th0 £90.0. £iw.orx) £ioo,wo-£i 10,rAK 160.WO.£170.C All one cf the Bb0 re twnbers of Ile Tead*ts'Ptsuith a11 bthtf# 5dwr¢.' cffje was • tmnthr of theTpf Rthiremtnl SLlulKxJ5 dpfined bcrf1is th.
CHICWELLSCHOOL P40TFSTOTh£ FINANCJALSTATEMFyfs ICIJKnNUÉD) F•rthtyetre•dtd JI Jwty 2•2• Pag¢ 20 ) The S¢hwl ronlt5 in IhE Teth" Pensi Schenx IEnzknNi WAkn) Ipr) ror its ie4thing#alE The rE10Ji chlrge the inc1udtsuynrrib•5 F45 libe TPS ot£l.1O7.4980761201P. £77A076). thE)fiTend £135.859{2D19.. £103.9461 Thc TPS i% 4n unfvTrJr¢J thfmcd beth lry Ibe Tckn5' P¢n%ioN¥ 20101& ndcdl The TcaclKts' S¢kn 2014 (as JKn&di. Metsknrs &"rAy - bosis Wjl11 ¢orslribuiN)Ds frorn ike btill8 Crttht¢d the EXdwl. RErnt¢ rAkr Pen berKfits aT¢ paid by fvnd5pTrvthd bY181ent. tiYEr t(110 r41e is $£1 by secret ofS fd1DW[ va1• ¥rKknakcn by tht Cthtmwi Aetuary. D4pArthM. The rece •thwial valulli¢ Dfibt TP5 7$ wepred 15 11 )1 2016 tyJ Ihe V4lutw Rwi. whith published in 2019, tthfinntd th•t ihe ry10r r lty the TPS IrKre•s¢ frw 16.4% 10 25.,6 from I Septernlr 2019. s0 ryired mi11r0n kvy0f0.(•Wga tothl wtyrcon¢riknioD 23.6 Thr 11 M¥cb 2016 R¢rK• iih the beKfits s¢t wt iti ik regu110$ al li apytsxh 5tttifitd In AS ihey applied M 5 M•rch 2019. the USnYt5 con%ydercd and Set by Ihc tpannMt for Edl¢10Th prior wling in 'kleCl&s1rytan1 ¢ase'. hag rcquirtd the io ccwider ca5C5 TtBardinglhc inykmcMKMof1kn2015 t¢ft0pAse1ylCCFwKWITeChtts' (kn 17 Jin 2019 the Supren% ihE FmIss to aroul th¢ CDVrt OrAa'S Jud8DMi th iran511nn1 Ths 1r¢t ty the r¢forJtd in 2015 Ba¥¢ me un]wful48e dixrmwatlLML Th2 bryJYerThmeni Is resrttiii thc Cwrt'5thri5iw h&% said it will cn8agc fully with t] Tr•Jnal wcll aSr0>t akndmtmbuTcwcn1aVr ID Iyee how ¢he diKrirninpiions WI bE 1rjrtdd. A w•5 by th¢ 16 July 2020. ADd 10 resp[{1) I I Iklobcr 2020. TPS i% subcl m51 cap #) WfALU tsxFd)y5 Ag•iO# ITr costs. The thief SeWY y) Tteaw. ID 2O1A annLWtd thtrt W] be a review ofth& Cap trKrkni5nk in Jlry 2019 onllInced a pust to ¢(ffjt tw nY¢hJniMn tht Court of AFFHI'S n)1Th8 )Th the McCknWSAf8euffti c and unlil IhtT certSfily 4broJi the 10 April 2015 ltd The rAuse lJfteJ in July 2020 tht Bo¥wnmem is pIrW810XJÈie theLNielr elEvwofthe 2016 eXpe¢0 tDbE r¥xwlekd in 20!1. In Wi¢wt dsirtht 31 Mth 2016Aauvl Jtt thi%sxenAfK.a pcpttd wilb kntftsAtrJwiMWy revwjul<L4W0jtyj dir[¢ Tew Ihan lhosecon1xiL IEI ¢kA¢llrial Until 1corAha7 tyl thec(Atwrrt¢hawign it P05siblB (mAny fimncbil irbwi ty fllturt hJnses thc ttsntributK rsorts formyxkjrt1ththlI i th¢bJtsJ in these rithincial s&t¢ilTrib. b) The 5choDI ifoprnciTA5 a 5chttt knYni4uedtryTpf ReUrtjtI If¢4wrly The Pcn51thTASi) ror 115 IIOn4pxhiB8 sts(f. Thi5 15 a arml it wiyilie 10 ideNify assels and lijbilitics ofihe SchEmrvknth ThtSe1I qIwih¢r¢ftXU5krthIs xhryr¢¥ if iiwtyt #defsncd schen%. Th¢ li0Th ¢h for ihc c(mInblffi Tr Rairets 11(% vfE195,523 {2019.. £1¥6.598) piu5 tkfKit Conthtrwiion rAiituts ofÉ42JJ4 {2019." £41.1261 knd Lift rmnirt af£5,867 (2019.. £nilF. At thc year U7.79612019." £27 JODI wa$x¢nl wcl olrLYrtribJtKM)S WJ il1isscF. The SCIÉ Trnsiee c¢nrriryons of Pkn evtsy ¢Itt )YM5. Th¢ of ihtr x¢uario1 tiaTr 18 to ihc rw18 rANSIti of the Pkn ihc Wilh the p 5¢rvicc IMbih"ts t5 the The1•51 r4dl v&lutiOM WascurlcdLjI 30 5¢wtnthr 2U17. The >0[1he Pkn's w¢tsthe val11 thiewa5 £794.9 lI1M tk pl.$ Tcchnical ProvJy(x&T (IL. SCMCt liJbylilip5) wtrt £926.4 Th¢ vkluknn 1hercfts r¢vknt a thortfall of 1SE¢IS cofftwed the u¢ of IL•biliiies ofE131.5 I11 tquiithi kn a kn1 of86K. fv Sc's shTt 5honfxll is ¢*i]rnkd 41 30 Styttythr 2020 £197,084. The fvll shDMfall irt of the in thr Plon orihe Han wind1% up.ttithNof whKh
CHIGWELL SCHOOL NOTESTOTHE FINANCJALSTATEMENTS(CONfiNUED) F•r iYred JI Jlty 1020 Paye 21 b) Non4eAth1¢ (ttsntkntt¢dl Th¢ prowo¢d Kcovery plon forthe etim)nte iht dtfKii of additio con1nlE fnmi ttnpknitrs ind iilYeylrfnl Ttturni oyr a pcriryj from l April 2016 JO 2025. The addit1 cofft1ritrtIons PyAbk by Iht Stl>)tsi Amounied w £41,925 for ihe 10 31 Mth 202D", thÈ l A1 exh )T4r of 3% ¢oTrwund, allowJn8 for mbcrshipchanM r¢sth in • ¢trijIOf£43.112 fwthe yt4Tto31 klt¢h 2021. Ulth FRS 102, Mynisaticths prticl1£ in * defNxd bnrfils prTh5Th wilb OD •Brecd defKn turyJin8 wraB8errtnt iii place ATÈ wirtd idÈntify a lithility ts I oWiJaiM in their Ihe bL%is Dr¢ rJÈi viut of def1[ rertyEtion ¢otibutiotlb. The PTt5tnt ii c•kts]d tt dw¢outrt w¢. is reiwix¢J finwK¢ (ow. dthikd Én the Di11¢ Rryon.. 31 July 202• 31 Juty 2019 £'DOO 31 j1) 2018 valueofprovisi 2fM 142 AsgJmwj1'. Re ofdis¢ouni %F¢taMum OA) The diFCoun7 ratrs SI •knT •r¢ Ihe ¢qW1 r45 1¢h. when ud io dis¢Ount rhe fiJNre recoi'ery plan COTrITibuiMg due, would the smE tegJhg ag usin¢ a full AA 1Xd >i¢lJ curve * di5cuJfsi the ine rtetsv¢ry plats ¢ontribu1 JI Juty 2020 il¢CLClnl10n ofowin8•nd cl&[01 Pr•vW•n at 51arrofye•r 242 304 Unwjnd¢i)8of¢he di5cwni fx¢ot Iiniel¢ Re.theisbrtDwbi$. nrI ofany¢baDgc in Re.i)ie15uMiiertts •amertdnnLs1o thc In(4Jme cxwdlrt iTrwiof Fks 102 Dcficii C1¢nliK N¢t irbeome and exptThlithut 1621 PrDs151on Thr elldofyeAr IDI 2020 £'OOD 2019 £YJcN) 10 Movement In tot•l fuldifor Thi5 5t•d ¥ftrrdwsinu'. oty1&1$e rentals-h1rtofequiKt Depreciali(Ofe1uiP]nt. 35WI AuthwrJ' rtsnineratioft forAudil Esia PTOWtyirS15tt klDwI 89 167 19 135 1.363 E#ate prrw rerAirg £135J78 12019. £IJ63.1(V)) of thc mtsf at WillLlows In OM sch1. rt o(an t&nual wAirnen•nce to18 key lIdIn This Out Niih 4mi Iou14wkntypknsn8rn)c
CHIGWELLSCHWL NOTLSTOThEFINANCIALSTATEMFJ47S(CONTINUED F•t lknyttr e•dtdJl July 2110 Pi8e 22 I l Trfer £w•o CME I%1$ell1 Fd.. CriftAw CME Dithts¢rtni Fund.. Buibjiry McaTh54CStcd bur5C5 BuryFUnd Ten151¥[nI Bulkli% Fund Exrthdaw rck%ed NCdiOaI inFe51w JTrSclthlTr %ct• 16) 1.115 <lJS) 13S (145) 144 Further infor1t rtr& iNnsfusbdMY¢n fwoJ5 talldin[lo. 12 TAutlD The rwrerll cornpny.Chi8WtII S¢W 1 rt8i5wedcbwiiy•Th4 tXCDYA iriMe 3rd wrLS f&llDB ITlthits.%tctioti SOS of thE Tax Ad 1988 thT 152 Df theTualilln of 1kn5 1992. thc cAknI ¥¢ t( 115 ¢h4ril&bk lj TallzlW¢fLy¢d sstlS Gr• •wd Cba Prtsit<i l Jwd •ptThil•¢ •r & & bmlldlw OEveN•pw¢•t £'•oo Al l Aygyy 2019 Addi1$ CwrytknedproiEtts 7J61 167 2l995 200 17) (5•) 1821 At JI July 2020 7011 23.IlJ Al l AuEuSt 2019 On dispJsal$ Slg {4) 107 Ai31 Jwty 2020 JW51 N¢l b•llkvl¥t hl 31 Jyly2020 14Jil Al 31 jly3019 14.403 167 22.1fy) - SyTrtkti¢ wrfatt. Ixx&v4lEj11{207.. £nilKdwWtmb £121.(KI?12019.. [121.71 - Siiih C¢nlrt fiXiUtt& (2019.. £170.1741. dEfAl £340,JOD(2I19.. £255,270). b) The frtehobj Pro5 S¢hcd a5 H•yW C(W and ihe L•MI the Bxk of I I121 Hi8h Road.CbiDpll, ]G7 IAY) reall¢W rthnern1 favlybe powerto hold a6nNniSwknptWS", I11 thEt(ryAnys 5hr¢t 51ioned by4 uniling Oireeiioll issuvj bythe ChjriiyConui1Q. SL 15 Thjt rty%1 kn8hutyyofthE SC7. to•ll fvltyikcos1 b¢twrtrtendowcd non- •lowed rDlits. The curknincd wje of• valUatir in 1939 ofw.R85 dditi(MKs sirK¢ ptiDr IheiT IrarLqftr lib rhe rDJnp*tsy. the awiirdiian Dr1¢% recwvyj s¢if1r u sertrnl dwot1 Thr knk vllue i5 5ub&blnithny k55 than th
CHIGWELL SCHOOL NOTfSTOThE FINANCtALSTATEMENTS (c(hYfiNUED) For tkeyureadedjl J¥Jy201• Pall¢ 2) 13 Ta4¢ fLT¢d siets l¢fynthb¥d) dl ProiEcI in tht e(yJrte tsf deYek4mt M JI Jllty 2020 T9>ftl the ¢vthrllction srths f1111 L¥f )? chapel,£120.? (201. £84,948) of wthich reLiied •ThJbJikJiD ¢1 IncWtd in frhOld ¢ndtswnni knd PAJiktDw b)ve ebtsed from Sel inconx oM1n1)ng 10 £10.955,089 12019.. £10,955Jk89)", thcsc ett arc wholly used fw chwithbk ¥AwrSe5 f¢Jrni thc b1$ of the loan fr gcneral Sthool funth 211. Gr• 2•20 2019 2010 2019 £YJ 14 Inyertmewts Markei valuta¢ i AW 2019 Unrtaliw 86 86 Markvalueat JI 2020 Hisioric41 31 Juty2020 37 37 37 37 The 5cknol holdg shatts ith the CCtA chi¢ll$ offiel Irjvtsttw FllTrl (COIF) Ind M&G Group NBTrower Ronge CrA I%ment Fund{CharibthJ). b) VNq¥oted WhoUyowr¢dswF6id The SchoDI LWThS the ofthe sb¥e¢¥tIlAr Millt En1 linultd. * ¢tswDyi•rated in rhe United 2020 2019 Theassthsand liLI111Clofthcbd Cumt assets Curwt lia111]5 68 To1 fJ¢tAsseis Awtga Artupitl *ndrtSernW Ch•rtt 2020 .0 2019 2020 2019 £Y) 15 StDr 26 i• 26 Ohl Chi8w¢lliCjUb B 21 29 26 16 Debtor4 FEC d¢bS Tradt dtbtrrt Sundry dcb PrepAyiments Ir4J4rcn incr 61 331
CHIGWELLSCHWL r40TFSTOTHE FINANCIALsfATEMEP¥IS(CONT114UED) F•rTlt yur¢Ndvd31 J#ly1020 Pa4e 24 ChA 212• 2019 2•20 2019 17 CrEdittsr•1llIEtwIth1b0•¢y Trndecredi Adni1ss dAIOSi 5uM)lier¢rtdiiOIS Talon aTrJ Social Stturity (hh¢rtrttht¢rs 18 345 2( 194 198 294 I17 94J Advancc fccs Inrrtc 111 UIM 1.926 18 Ad¥•ntt fetpivThewts P4Knt$ n¥y pJy Ihc Srw iuilKJn f¢e5 ul JvarK¢. ellher IhE SthK>T5 fomkl sehcnx. Wn. Ih Jtri of In adva the knTrw4erni JTf W¢tWD t¢¢eJy of(tt it4m As%Un&thE p1]S ts)r¢emed ytmiln in ihcsdbjd.ade f¢cs wil t¢•wb"rda5 tg]knw WithiThtXIt ycaf Bthveen fi)T$ 1&21 1&21 10$ IM7 AdYJnce fEP5 IWÈ 18) AdMIeposIL1 105 14R 217 253 217 253
CHICWELLSCHOOL NOTLSTOTHE FINANCIAL STATtMINTS (coKfiNUED) For thEyur rndtd 31 J•ly 2020 P4ge 25 2D Anily515 ofch•vltibltfund5 1 AN•1yS ofuTrreMrltTed Trathth TrAtsfert ottt {nDte 11) 31 J•ly 21J20 £0 2019 dtlkit {notr ii) Dtnittd tYAryFund CME DI51r5emE¢ Fw 184D> 245 318 35 1325 (wi) School Amd Pcn5H>ll TV5fi% l8JSts 1S321 {IS17•) (1216) 18JS7 {204 J4J 15522 20.731 FuDd'. to help prents in uses of f¢rwKi91 hudship io f(orn the of io Atlcnd ChiBwell hwL Br1?5re •vJil•bk I l CblE EwJ4.' kn reeeiw6 Ihe Mike Enwges J? ) th)Eb 15 d¢si8nDted for pelldimrr on Tnainiaining and iry¥Ing ihe Schc¢fs spffiin8 cthr fxiliiits. In the rllrteni w.1115 IrAr, £6.468 eatked UMrdsll pusEhL%eofaitx¢knforibp Ihi%bcing u IT1 msfer ov¢r S NTs iocovcrthe uliimAie dcprecJ•L¢d tAltIf£32)4o. FU[.. to rcrcivc funEk frorn th¢ IKIlIn8 iT¢J¢ne. earnwked f¢r SchoDI Siie "t10pill majoT nilintene jEcts. No further w£re earlnvk frw Ihe8JvAI Scknbl FuDd thrin8 tl year (2019.. £nil) whilt £163,446 tr$reNtd ScFthl to tts%%T tts ofrtpir5 to Old &hLK¥I rwfand windowJ In( 10).
CHIGweLLSCHOOL P40TI37X)THE FINANCIAL WATEMm{CONTINUED) Fw the yt4r¢lldtd 31 JMly202• Trd8e 26 2D AMl>iliolcharlt•bkf¥Nd5{¢wtlllxdJ b) AAHlythofTtrtrfEttdfu B•lhtt JI Juty 201• £,• 1•19 (tsit Jl) {•frte ill holirshlp Gthrdl Pri2t Fund Tiiii Ptuss Me1 Bw3pry Fuj 37 37 47 S¢hulir4hlp prknf Prize Fund TirnPnLS$ Fllnd Bursary Fund Topo¥thadeMicndbtrpr5 tr¥hJ¢¥Tn TokYoVth•syik ThmtitiliA F4yI BuwFtsthl (nott20 •} ED' EuDd'. this r£FlU¢t5 a Kpwly Ttti4utiI thwity. its in bLn¢e is UnCiKmed by a nin8 di[EClir iwK41 bythrChtiTityCo]bWl thm8th¢)wr r1]£74R(2OI. UJ)69) frtyD thE Fund. Pm55 ME[1 Fwd.. Prizts lte ntrrnMltyTh7wded &lW4rd5 abioxd. No gxh prizrs Awarded t•pu in ihe CL¥rwt iur{201g. £5W in total aw4rdtd tslthe tfft¢t6 oftlie C4Yon4vjrus pathnir 114¥tI. Eulld.. No Sljijol aw4rthd in tht ibis ncwly cyablislKd Fund. Tht £J6J28 raid in doMii(ms sn ihe y¢ar. n¢t of fcth. hts r¢thittd in ofthE Effects of (IK e•r¢mavjru4 puw15'IbilitylDAltthd.(rf¢QhJi¢MC to4ll¢TrJ.IhEkW I Awsl 2•19 JI J¥ly 2020 IAt•Ae EApe•dliv¢ £y• IR•it 11) Ceneral Prbze Fw 94 PermNnt•t td•w•LeAIs 5> Toi•lewdTrvAwwlS 12) 3.786 cFJdtswmMi Lwd tMLiidiags wbKh *y4f tk S¢bcd. 8nd ityytythrtnts to ¢ndowcd IAiidAnd bthiklin&% frthibr ukof&wkdr(cfa¢)'wt
CHICWELL SCHOOL NOTLSTOTHE FtNANCJALsfATEMETmicoNfiNUED For thyur tdJA Juty 21Jlfj Poge 27 The neta5teLt frrfth2varN kAio ltttrr4•d Net CMrr¢nl •Jwt5 Ubllldt5 £'uoo ToiAI UnreslTklod funth: DElitty1 General fvnd 2579 2J79 ?lY (204) (204) 7th2J 20.73J Reclod hLAdi'. S(]5h1p indpri%¢ fiyS 46 46 ExwdDNc rndownwts PemW¢ enthwnnis 14432 144J2 2•8 Tthl ThtlSfety 22055 24565 The frorn Benernl Seknl fwds ID pemuwi othYnnrs Jetkny fundll vf cenwn pryerty Assets wholly ot ptsrtiglly Puh3d y1t1j58 the kbool¥ incorne fuTrJs. Thmt all Of which re on pErOnE enthvrKni lllnd or ère imwyertnts to ficd ryvprrtiu. Ild¢ ynithniifwd rrfoF¢rny li10r¢5 10 IKOTPONiOrt. iogtther 1 thiifiible protrty ddilion$ $inc¢ iKorwaiion and Aitritwtèblt ¢tstrthd bJj ThE is [tr¢st free wilh w Sei rePayn¢ Oatt AS il resetsts InteT adjusuTVT5 fK¢e5Wyr¢thrthC reiVes¢Urtt5ofth¥mtht fundi 22 Co•trAets tsd A¢ 31 JuJy2020. fol¥finld 2029 £'ooo 2019 £wo 43 t¢ underont)at Dlle beiweeD Ewoand fiv¢)rws bl Capial comDmtththt4 atst1 knd in TC5Feci of ¢he Tefurbishttnl of ihe tha1. sUbanVe tn June 2019. w¢th £120.71V) ofthe eMimiKd Eosti of thE c1 rbl$bUwE exrended at the bIL9C sheet Iht tettsaininB 23 Rolaied prty trxw¢llo a) Durin8 ih¢ )w. Sthl rttwved 12019". L59.970) by wty 128.54J 12019.. £41.1491 by wty of rent lis subshliry, Cl>iwtU Mjtsr iiwAt¢& • ¢oThwny fornxd t¥ilili¢5 >Trally. Th coThwydoTrNtes the wholeofits pmfil toik Sekthl. b) There ale Lwts linktd thE Cbigw¢ll Sctrwl &ncrnl Fwd I1 Tht aLiBwell Tw wbich are sepwAtely Tey4ered wih the Charity C¢MmSs", thtir fmAnCtal *•temtni# il by a lin118 dirE¢tion Is5u•J byihc Ccrfrrfrtsuson. cl Olihe fund5 rnJKd iry WPI thjrity Lk JttT 6k Q.481 <2019.. £1.2501 was donued to chariwbk causes thSh Ihe Griifith5 Charif•bk Th¢. a cbarty in whh Mrs H Dixth. wife Dfrrrn Goverrw Mr G Dixon. And the Depuiy HCodmCr (kn azc TtuMEcs. Thv rty¥ woiccti in South¢tn Illd1 IdIng Tini Pruig Initied And m•Dwdby ll)TE¥et0 th¢ mCialj ec(rthnic ntt& ofthe INySt th5advaThtsd people. d) An ornouiii of£20.986 wès ihe wife oea ysyern. corrtrxtrd ¢0 wde futi8rt WiliDA. Ofthi5rnnt £225D wag pid in ih¢perxwJ •fftrihe4yinthMtofihe
CHIGWELLSCHOOL F40TFSTOTHE FINAI4CIALSTATEMEP(rs(COPrnNUED) F•r tktyere•dtdJJ J¥ty 2021) Pisr 28 23 Itolthiod PArty ¢1 Nocb8rityfrue5Wcrt 1nSed en5 dwini thE )ttt1201. £nilX aNi rffj Gbitity ttUStee received anyeDlIIS ¢r pLnCnE professKThl ¢r seryK¢51201g. EJMI% Erthliiwe ITr tFrt pr tIAilK £16.854 12019.. £22.W61 w inwtted for 24 C0J•TIN¥tlWrlSy lthd iype-lnumt •NdvPrI t5trl¢ted EAdDwmeAI 2•19 £.• ANCOMEAND ENiM)IVMEF4TS 11 ¢h#riiible tIvIt¥'. Schwl fttsrEceN&blE (hhcrtatscati(wI incoi Anulsrytrnthug iw 14219 285 24 14319 285 •ihtY trAdJrqaelhl¢k5: TrJdin¥$vbydiary1>vry 205 26 41 2•5 26 41 incon 24 Ib) J5 38 V•luThtllry Dono11$91 kg7¢$ 24{c) Tot•1 14.843 14047 EXPENDITVRE fA151•gfMnth: Ancillary7 cAndItUre T1)n8 5thidi•ryurthlitu 24 (¢0 14 (dl 18 Totalexp¢wdlluwE4n f¥ud5 104 EIpndlMVe •A crf1•b1E Educli andBTat 24{d) IS18 8S R5 15314 Nei li¢fymttMm opern15DTrs bt (Z79) (J67 24{¢) (47) (235) 11221 {359) mtnI Inpei05c1 fiJndIn8Cil 62 62 F4èt fvthdsftsr Iheyur 11971 r(nv4rd * l AVB 201 20516 J.W2 24S17 lTrMlllhttt¢rrltd forwrd*t31 Jts12•1• 20J43 3,870 24320
CHIGWELLSCHOOL NOTLSTOTHE FINAliCIAL STATEMENfsicoNnNUKDI ForibeyeAY ended 31 July 2020 Paue 29 24 ComrAtt fy¥rt5 by fllAdtypt. INt•ttinIN1re Ic•HtknK411 b) IlulrJ¢l¢d Tol•l 1019 F¥nd5 £1• Divithdlhozrtli$ Bankdep& ¢s1ctiVIbk 3S 35 ei #hd kyctcs TolNI 2019 £'o ForAI S¢holar5hip ind prize fvt Chty fvndrJi51Tr8¢vents Total 2019 £wo St•lT¢oMJ ikprt¢lNrEo £w• C•5 QrrAtskn8fwd5 Antiltsrytrnthttgpttsth1 Tr¥din8subd1aryexPVdlttW¢ 86 T•tsl c•511 of rd151ry 1•4 ChArll•ble tAwditMrt Trnching WeifArt Prrn5B5 Dnd ThainieiiNIK¢ FiilaMCe¢OSts Gr8nu. iiv4rds4nd prizes Supwrt fQsisandBoYrrnarf¢ 452• 7J42 1.990 3.127 13S6 iJ61 46 1021 2J69 TtytAl¢karltibk¢JptDdllwr¢ 171 TtstaI¢xp¢ttIrt l71 12 IS.2l4 t)Trapsfer4 belwetTr Rutrfcled Ed0men1 CME D1sbur5eTrI Fwd.. GiftAid CME DisbuT5BnKni Fd.. Builthn8 M¢Ails.t¢5 knrics BuNry Fund rtpknhMe ilding FuryJreintrrseMEnI ERptndabLe endMnEnireleJyed Arnotd FethJ(sfk Noti iMcre# on I)eS in ScWbt* (77Jl 14 liJ6Jl {46)
CHIGWFILSCHOOL 1407TSTOTIIE FINANCIALSTATEMEN15ICONIINUED) Fortht 31 Jwly2Q2• Po8e 30 25 Com]rlIve Ilyrn by fv•dt>w-Aily5k •fehrknblEfwds E4KAdll¥re 3lJll 2019 £Y¥J Tr5ftYs bb Tr[1 £w• De51ytod Jts8ryFund CME Thsbur5tnnt B11018 FuTrJ 14 59 (77J) {7> IlJ6J} 1071 159 lJ16 453 73 (L143 1335 G¢ll¢TI se01 FuThJ IV15 11&121J 62 5) i•J5• 1242) 20J16 2218 bl AMIysrreStr1 Blwttt 31 JWY 2019 S¢h•lllr* hnd Crtnerdl Priz¢ Fund Fcllows BwwyFw Tim pl55 MLTr)rial Futtd {6) (461 ¢) Atyils r•fendDwmeAI liJMI 31 Juty 19 2•18 smryluj Expeodlthre y1#(1015) £.• (kneral Priie FvDd AJndd ktllow%J*Jry (2) (46) 132 PermllAtntewd0wty A55ets held ¢n 3.776 3.992 {47}
CHIGWEiI SCHOOL NOTESTO THE FINANCIALsfATEMEmlCOPmNUED) F•rthtytrtdtd 31 202• Pa 31 26 Co111¥ l•t¢s by [d t¢.AlY•f tt¢t tt$14tsb¢i4¥ IDrer4ad Llblllti £'OOD TDtsI £.• DesiBnatrd fuud5 Cenerdl fvnd U3S 164) 2J35 18250 {2421 7,612 {U31 {142) 1•.955 U71 {495) 20J43 Re5rrF¢ttd fuids.. S¢b0tsrshipIw1tr fw EAdoffltnt E¥p¢ndablc cndownmts Pemntnt Ill9$5) 3.776 14.488 {10.955) 37 2llOO 149S) 2422
Page 32 CHIGIVELL SCHOOL DIRECTORS AND OFFICEKS DIRECTORS Th¢mL5ttt5 wknservcd in offi¢edw)gth¢jvraThlKC the ythTertd wer¢ •5 foll.. Ms R Serrelli MA IChir) D MDrri&s BS¢ C$ FIET FBCS CITP IVi¢tC1JaiTI Mrs S L AlikerBA MIJA ACMA R W J HowaTd MA J F Cullis MBf BA Msc (Econl N G&mish BSclHIMbsI MBA CMEr FCMI MCSI M J HIEBins A Howat {resigned 30 NDvember 2019) Dr G P thxon MA BMu5 PhD MBAARAM FRCO FRSA FRAS {TCSigncd 07 D1b¢r 20191 Mrs k Brctt ACA MTS J M Gwinn BS¢ CtX1Ed Mrs I Pcck BA Rev B Kirtg BA MA Rev C Davi BA M5 M j£5 BA (Hons) Mrs P Scn BA {[ Hon) MA (Eco H) MBA Mr5 M Ragha MA (Cantgb) LLB Mr S A Jjird Mtsccok {ThBned 06 (ktob¢r 2019) {arwin*d 22 JuDe20201 l¥wintrd 26 Junc 20201 SECRETARY Mts C Jones LLB {Ik•sl&bli¢KorJP HEADMASTER M E Punt MA Msc BURSAR J MA FCACTA Chjgwell Schtr)I Chigwtll Essex IG7 (QF
Page 33 CHVGWELL SCHOOL AEFERENCE AND ADMINISTRATION CHARITY NUMBER 1115098 COMPANY NUMBER 05846105 PRINCIPAL ADDRESS Chi8well S¢]M)I Chi8WtII Essex Iffi 6QF AUDITORS Hay5mintyre LLP 10 (>KcTr Str¢ct Pl¥¢ LondthL EC4R IAG BANKERS HSBC Ballk Pl¢
Page J4 INDEPENDEAuDlTORS REPORT TO THE MEMBERS ANDTRVSTEES OF CHIGWKLL SCHOOL ICDDtityutdl For tht)ArtAd¢d 31 July 20Z• Opltylo W¢ have Audited the Con]10a¢e4l fin•n¢ia] yat•ttntsof LTh111 SdwJol fty year ended 31 July 2020 which compt75e thc Consolidat¢d StsicjDl of FinaDciI Aa1vil$, thc CoDsolidatcd ar¥J Company Baléncc SIKds. thr Collsolidaled Cash Now Sfv•t•wit aThl io the finan¢id I[1]8 a Summary of si8nifiunl Kcounling ptslicits Thc fittAnciol rcp)ning fTJTh¢WQTk lh has bten Applied in iheir rntiott i% applieablc and UDit¢d KiDBdo A¢¢ouniin8 St•ndaTd$, including Fina11 Rewiith8 Sthndatd 102 The ReIg &oiJdurdttppltcrtble iii Ilie UK RepriblicoflrelaiAIIUthid Kin8dm GerLeTrlly A•ed A(Mln Prxtictl. ITr ouropiTrHJn. thr fmaiKial al¢•neIS. give a lrne aThJ fair ¥iewofth¢ statr ofthegwo¥&'5 aThlof thvpwn4¢1l1blC compAny'5 affaiT5 as M 31 Jllly 2020 and ofthe gTOW'S indpaTent ¢orrwy's w mDWl ith SD¢lwJinB tlx income a1 exFv¥Jiture. for Ihc ycaT Ih¢n ¢nd¢d: bv¢ b¢en properly prepared in xrordan¢¢ wilh Unitrd Kingdom CKnernlly A¢¢¢ptrd hwounliDB PrnGlic< #tyl hav¢ prepared in wilh tuWireJt$or th¢ ctylniC5 Aci 2(. for Wc conthxi¢d C4Lr gudit in xcrKdance wilh IDlcrr4li(AI SIds on Auditin8 IUKI IISAS IUKII and appliLblt law. Our TpotsibilItieS ur )se srafyjarth are de5cyli m ts Artor'S rcsrrtKLsibililie5 for th¢ Audit of ihe financial stenntS lIrIOrourrC1. Weare ltyj¢p•IofihcsroUp in TuoYd8ntt with the ethicBI TequirEThents Ih• are relevant loouraudil of the ritt4n¢] witmenis inthe UK. in¢lJ1$ th¢FRC's [thic s¢thdrf8ndw¢h&v¢ fuifilkdouTothcreilii¢•l r¢sponsibilitlC5 in accordancc wilh Ihtst rtquifements. We believc Ihat thcludii evidtsKe w¢ havcobtsincd i% 5uFfJ¢i¢nt 4nd pprcgri4ge to Provide a basis forouropthiM_ Co•¢lu51ons relating (veoiit•n¢tT• We hai'e wthin8 10 T¢POrt in rew of the folIDy8 ID r¢lkn"on lo th¢ ISA$ (UKI requitr to rtwl ¢0 YOU wh¢r¢'. the ITU3tee5 use of li 8wg kni5 of irl Ibc rAcpRrntion of ihe financial EntS is no¢ ppropftate.. or Ihe Irusiee5 have disclosed bil ihe finwKi•l $ttrtnts any KienEifiLd ma¢cril ¥n¢cnAiniK5 ihal may ¢1 Sl8mificant doubt about IhE8TOW'sorih¢parentcharitabletOJWy'5ability kncontiDueto ihe 8oin8concern b45i$of ac¢ouniing lori puiod oral It¥M txlv¢nM)nts ftDm financial 5talem¢ntsare aiithoriscd lor Otér irtlonbtlon ThE Iwusitts are ttstth5ible fur the othu 1nfornwl. The otlKF infomww coryii5es the iTrfomwiion included in the Truses' Annual ReporL rOpTrion0thtr fin¢ia15rAiementsthe5WtCOVCTth¢oth¢rinformatK)n cx¢ept ioth¢¢xi¢nl oth¥wi ¢xplicitly s¢#d (xlr rer)rt. wedo m EXWBSS¥Dy DfassuTallCC Cortlusion lhertt. In cc¢mection with our audit of Ik finan¢ial ourTe5p)nsibility to Ihe fAhcr informEtson arf in doing $0. COll5ider whether ihe other inlonMIiLX) is JbLgierially iKonsisle4th wlth th¢ financial STame¢S or our knowledge oblailled i tht audit or oihenwise $pp¢ars w be materially miss¥ttd. Ir we HIEnlify such ma¢¢riAI ionSiste4leS or 8ppar¢nt mdierial mi&siaI¢m¢n we arc requid 10 thtnhinc whethertheTE 1$ * matuill mi5swemenl in the fnattEial Sthlemen15 Dra Iti•t¥ial Ini5stement of ih¢ oth¢r informaiion. If, based o the Nk we have wf0M we conclude Ihi thert is a material mi55wemenl of lh otker Infwl0. we are wuirtdto tepirt that fxt. Wt hv¢wthin8 tOTErt in th&th. OplnloNsoN olhtr miters PTestribtd by tht Cowpnk¥ Act 2(6 ID ouropinion, bd on the work uth1akty) the C¢Mbrse of theaudii: itkforniation Biv¢fL ill the Tte¢s. Annwl Rer (whi¢h iKorwaEes the 5¢Trle8i¢ rewi the diTeclors' rqK)rtl for the fInala1 year for which thE fin•n¢l are prep8T¢d is consistent Mih lh¢ fInBlHI giai¢twis,' aTrd thc Tru5tets' Anrtv•l R¢rAWE (whKh ibe T4 ikditecthrs" rel) ha5 b¢tn wtpaTed in rdan¢e with 4pplic&blt legg1 xeqyirern¢nL
Page 35 INDEPENDENfAUDITOR'S REPORTTOTHE MEMBERS AND TRUSTKES OF CHIGIVELL SCHOOL ICorttsTrued) For tht ye•r tDded 31 July 2020 MAtlers oll wbltlL We reqred th report by ¢i¢¢pth In Ihe lighi of ihe knowledge and unders1&ting ofth¢ and thepam>i charitsble eoTryny 8NI ils ¢nvitonnKnt obtsined IR routsc of th¢ audil. w¢ hpv¢ not id(tificd maicrial Missiarnents in the TTU%tecs' Atthual W Iwh>th th¢orporatts th¢ strategic reJx)rt aThl the dirtt¢ors' ttportl. Wt have nothin810 re)rt fftleSOfthe foliowin8mDtt¢rsiDr¢lationto whidLthpCornpxnlesAu21$re4llirt$usFrt yow if. in our opinion.. adtquaie atttsutsiitiB rteord$ have notteen kew by Ihc p•M clwitybk ¢(rfwy. or terurns adcqull for our ali1 hAV¢ not b¢¢n rtteivd fTom brnhES noi Yt5itedbyu5: OT Lh¢ pareni chiriitble company financial sraierrnEs arE TK)l in with the #Co1¢ATer0th attd reiums., or cemin disclogJJts of intte$. Jttruurniion WifbY •r¢ made: or we have Teeesved th¢ r¢tion ¢xplanBEtons w¢ r¢qur for OUT adit. Rt4Jonslbllltks ofirusitts f•r ihe #•itmeDIs As explained inott fvlly in the iru5te¢$' r¢srA)nsibiliiies SEBieJnent ser out on page 8. the Iru5tees (WJN) Ire also Ille dIr1D[sOf Ih¢ rhariiablc compny for th¢ WIF•5¢5 of ¢omp8my law) w¢ r¢wsibl¢ for lh¢ PTeparntion of ihe finDncial stsiements and for being saiisfLed ihr thry 8ivc a rtue aJKI fail vjcw. ar¥J (or such inlrml WDtro14s th¢ truste¢s tht¢rmirte is tte¢¢sury to tbI th¢ PT¢paration of finAncial starements that aTe frtt from material mis5tarenKnr. whelhErdue ID ftaud or EtroT. In pr¢p4ringthe financ& 5tstemcnt& thetrusrtts IreresponThkf0yaslessinBthE 8w'sndthepArenr¢hArilabletoThpany'$ abiliry IO¢OftlinUe as a eotKern. dis¢losirJ& as•ppli¢•bl¢. Jtlltws y¢lated kn goinBcanctrn and usiijg ihtLioingconcern b&%15 Of Qu18 unles5 the JCeS either innd w liquidate the 01 the reI th1¢•ble tonipany or to ceise optraiions. urhave no rtalisiic il¢e¢n•iive bui to do i. Audltor's responslbllltles for Iht u< of the I1•tIll stltment5 Ow obj¢etivts re obtaw reasonabl¢ 8ssuran¢¢ abwt wh¢th¢r th¢ financ1 stytrmmts •$ a whol¢ ar¢ f¢ from m8ri•l niisstatement, wh¢iher dllt to fraud or error. )d to isslle an awiiror's retx)rt that our (vinion. ReDnable 4s5urance 1$ a hi8h level ofagsurart but is nDI aBuAfanttt th an dit conduded irt accatdartc Mih ISAS IUKI will alvdy% ddcct merial missiatemeni when ilexty. Missthr•neDts can arise from ftawl orenorand con$ideTtd mirenal if. individually or in the o¥gregDie, th2y could re&sonably be cxpecred EoinflueJKe Ehe CcorKle de¢isionsof uw5 iaken on ih¢ basis &fth¢s¢ fmancsil thiemthtk A fw¢her desciipiion ofour respmsibiliiies for Ibe L)I of the finial $thietT is localEd on the Financial ReponinB Council's websire at.. Thi1..tri or rs .. Thisdt5CriPtion formspfftof our audjtyr's w. Useof our rtporl This Itrt is made solely to tht chrithbl¢ ¢(•mp•nYs m¢mbets. as a i%yty. irt eordante '1th Chapier 3 of Part 16 orth2 Coinpajkies Act 20Lkn. (r au¢tht Work bEcn uTrdertake sothar we miBhi stste to the charithbl¢ MpanY m¢mbcrs thos¢ rnatiers Wel rtquir¢d tostaie to ihtm in an AwlIeS and forwotheTKKUP)se. Totht hIle txtenl pmittEd by law. we do Mi tt¢epl OTa55Ume respon5i&'lityto anyo01her ihan th2 Chtsbk compally aJMI the thHritsblecompanls m¢mr$ Trx)dy. for our work, forthis rwi.or forth¢ opiftwwe bave forn*d. L¢¢ Siokes IS¢nior Sthwiory AjIrI ForBnd ott b¢hAif0fHayjWInlyrt LLP. Siahrtory Awhkns 10 (ttn Siy¢¢t Place Londo EC4R IAG DAie.. 17 February 2021