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2021-08-31-accounts

Legal and Administrative
Information		 2-3
Annual
Report ofthe Governors		 4-11
Parent Statement of Financial Activities 12-13
Consolidated
Statement of Financial Activities		 14-15
Parent Balance Sheet 16
Consolidated
Balance Sheet
Consolidated
Cash Flow Statement		 18
Notes forming
part ofthe Financial Statements		 19-32
Independent
Auditors'
Report		 33-37

Bankers Lloyds TSBBank Pic
14/16 High Street
Huddersfield
West Yorkshire HX12LE
Solicitors Schofield Sweeney
Springfield
House
76Wellington
Street
Leeds
West Yorkshire
LS12AY
Eaton Smith
14 High Street
Huddersfield
West Yorkshire
HD1 2HA
Auditors Spenser Wilson Ltd
Chartered
Accountants		 and Business Advisors
Equitable
House
SS Pelion Lane
Halifax
West Yorkshire
HX1 SSP
Investment Advisors Cardale Asset Management Limited
2 Greengate
Cardale
Park
Harrogate
HG3 1GY

Notes Unrestricted Endowed Restricted Total for 13
Funds Funds Funds Months to
School School Scholarship 31Aug 2021
f f f f
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 274,113 274,113
Charitable
activities:
Fees receivable 4,804,542 4,804,542
Other educational
income		 9,510 9,510
Other ancillary income 215,615 215,615
Investments 19,414 7,949 27,363
Earned from other activities
Bank and other interest 1,102 1,102
Donation
from subsidiary		 60,555 60,555
Total incoming resources 5,365,437 19,414 7,949 5,392,800
RESOURCES EXPENDED
Raising funds
Investment
management		 6,634 3,611 10,245
Charitable
activities
Teaching costs 3,270,277 3,270,277
Welfare 528,228 528,228
Premises 869,204 869,204
Grants and scholarships 4,338 4,338
Administration
and support		 754,055 754,055
Total resources expended 7/8 5,421,764 6,634 7,949 5,436,347
NET INCOME / (EXPENDITURE)
BEFORETRANSFERS (56,327) 12,780 (43,547)
Transfers between
funds		 9 (12,105) 12,105
NET OPERATING SURPLUS/(DEFICIT) (68,432) 24,885 (43,547)
Net Gains / (losses) on investments 10 140,053 83,363 223,416
Net Income / (expenditure) (68,432) 164,938 83,363 179,869
Reconciliation
offunds
Total funds brought
forward		 1,989,665 1,034,791 513,566 3,538,022
TOTAL FUNDS CARRIED FORWARD 1,921,233 1,199,729 596,929 3,717,891

e on ero
Ended 31"July 2020)		 ne u gust Comparat ve
Figure		 s or te
Notes Unrestricted Endowed Restricted Totalfor
Funds Funds Funds yearto
School School Scholarship 31Jul 2020
E E E E
INCOME AND ENDOWMENTS FROM
Donations and legacies 206,995 206,995
Charitable
activities
Fees receivable 4,368,758 4,368,758
Other educational
income		 6,804 6,804
Other ancillary
income		 71,892 71,892
Investments 16,407 6,955 23,362
Earned from other activities
Bank and other interest 3,876 3,876
Donation from subsidiary 21,056 21,056
Total incoming resources 4,679,381 16,407 6,955 4,702,743
RESOURCES EXPENDED
Raising funds
Investment
management		 5,551 3,012 8,563
Charitable
activities
Teaching costs 3,304,083 3,304,083
Welfare 464,225 464,225
Premises 919,237 919,237
Grants and scholarships 3,943 3,943
Administration
and support		 804,725 804,725
Total resources expended 7/8 5,492,270 5,551 6,955 5,504,776
NET INCOME / (EXPENDITURE)
BEFORETRANSFERS (812,889) 10,856 (802,033)
Transfers between
funds		 9 1,942 (1,942)
NET OPERATING SURPLUS/(DEFICIT) (810,947) 8,914 (802,033)
Net Gains / (losses) on investments 10 (20,943) (9,619) (30,562)
Net Income / (expenditure) (810,947) (12,029) (9,619) (832,595)
Reconciliation
offunds
Total funds brought forward 2,800,612 1,046,820 523,185 4,370,617
TOTAL FUNDS CARRIED FORWARD 1,989,665 1,034,791 513,566 3,538,022

Account) for the 1 3Month Period Ended 31 st August 2021
Notes Unrestricted Endowed Restricted Total for 13
Funds Funds Funds Ii/lonths to
School School Scholarship 31Aug 2021
E E E E
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 274,113 274,113
Charitable
activities
Fees receivable 4,804,542 4,804,542
Other educational
income		 9,510 9,510
Other ancillary income 215,615 215,615
Investments 19,414 7,949 27,363
Earned from other activities
Bank and other interest 1,107 1,107
Trading income 61,870 61,870
Total incoming
resources		 5,366,757 19,414 7,949 5,394,120
RESOURCES EXPENDED
Cost of Raising funds
Investment
management		 6,634 3,611 10,245
Trading
legal and professional		 fees 1,320 1,320
Charitable
activities
Teaching costs 3,270,277 3,270,277
Welfare 528,228 528,228
Premises 869,204 869,204
Grants and scholarships 4,338 4,338
Administration
and support		 754 055 754,055
Total resources expended 7/8 5,423,084 6,634 7,949 5,437,667
NET INCOME /(EXPENDITURE) BEFORE
TRANSFERS (56,327) 12,780 (43,547)
Transfers
between
funds		 9 (12,105) 12,105
NET OPERATING SURPLUS / (DEFICIT) (68,432) 24,885 (43,547)
Net Gains/(losses)
oninvestments		 10 140,053 83,363 223,416
Net Income
/(expenditure)		 (68,432) 164,938 83,363 179,869
Reconciliation offunds
Total Funds brought forward 1,989,665 1,034,791 513,566 3,538,022
TOTAL FUNDS CARRIED FORWARD 1,921,233 1,199,729 596,929 3,717,891

or the Year Ended 31"July 2020)
Notes Unrestricted Endowed Restricted Totalfor
Funds Funds Funds yearto
School School Scholarship 31Jul 2020
E 6 E E
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 206,995 206,995
Charitable
activities
Fees receivable 4,368,758 4,368,758
Other educational
income		 6,804 6,804
Other ancillary income 71,892 71,892
Investments 16,407 6,955 23,362
Earned from other activities
sank and other interest 3,888 3,888
Trading income 22,364 22,364
Total incoming
resources		 4,680,701 16,407 6,955 4,704,063
RESOURCES EXPENDED
Cost of Raising funds
Investment
management		 5,551 3,012 8,563
Trading legal and professional fees 1,320 1,320
Charitable
activities
Teaching costs 3,304,083 3,304,083
Welfare 464,225 464,225
Premises 919,237 919,237
Grants and scholarships 3,943 3,943
Administration
and support		 804,725 804,725
Total resources expended 7/8 5,493,590 5,551 6,955 5,506,096
NET INCOME / (EXPENDITURE) BEFORE
TRANSFERS (812,889) 10,856 (802,033)
Transfers between funds 9 1,942 (1,942)
NET OPERATING SURPLUS / (DEFICIT) (810,947) 8,914 (802,033)
Net Gains / (losses) on investments 10 (20,943) (9,619) (30,562)
Net Income / (expenditure) (810,947) (12,029) (9,619) (832,595)
Reconciliation offunds
Total Funds brought forward 2,800,612 1,046,820 523,185 4,370,617
TOTAL FUNDS CARRIED FORWARD 1,989,665 1,034,791 513,566 3,538,022

Balance Sheet as at31"August 2021
Notes 31August 31July
2021 2020
FIXEDASSETS E E
Tangible assets 11 2,727,571 2,978,058
Investments 12 1,514,581 1,287,853
4,242,152 4,265,911
CURRENT ASSETS
Debtors and accrued income 13 191,125 137,820
Cash at bank and in hand 678,374 454,390
869,499 592,210
LIABILITIES
Creditors due within one year 14 (1,129,130) (905,765)
NET CURRENT ASSETS/(LIABILITIES) (259,631) (313,555)
TOTAL ASSETS LESSCURRENT LIABILITIES 3,982,521 3,952,356
CREDITORS
Due after more than one year 14 (264,630) (414,334)
TOTAL NET ASSETS 3,717,891 3,538,022
THE FUNDS OF THE CHARITY
Unrestricted
funds		 1,921,233 1,989,665
Endowment
funds		 1,199,729 1,034,791
Restricted income funds 596,929 513,566
TOTAL FUNDS 3,717,891 3,538,022

Consolidated
Balance Sheet as a		 t31"Au gust 2021
Notes 31August 31July
2021 2020
FIXED ASSETS E 5
Tangible assets 11 2,727,571 2,978,058
Investments 12 1,514,580 1,287,852
4,242,151 4,265,910
CURRENT ASSETS
Debtors and accrued income 13 109,515 116,764
Cash at bank and in hand 761,305 477,334
870,820 594,098
LIABILITIES
Creditors due within one year 14 (1,130,450) (907,652)
NET CURRENT ASSETS/(LIABILITIES) (259,630) (313,554)
TOTAL ASSETS LESSCURRENT LIABILITIES 3,982,521 3,952,356
CREDITORS
Due after more than one year (264,630) (414,334)
TOTAL NET ASSETS 3,717,891 3,538,022
THE FUNDS OF THE CHARITY
Unrestricted
funds		 1,921,233 1,989,665
Endowment
funds		 1,199,729 1,034,791
Restricted income funds 596,929 513,566
TOTAL FUNDS 16 3,717,891 3,538,022

021
Notes 13Month
period ended Year ended
31August 31July
2021 2020
E f
NET CASH INFLOW FROM OPERATING
ACTIVITIES 19 329,003 (228,602)
RETURNS ON INVESTMENTS AND SERVICING
OF FINANCE
Investment
income		 27,363 23,362
Interest receivable 1,107 3,876
NET CASH INFLOW FROM RETURNS ON 28,470 27,238
INVESTMENTS AND SERVICING OF FINANCE
CAPITAL EXPENDITURE AND FINANCIAL
INVESTMENTS
Purchase oftangible fixed assets (54,303) (135,076)
Purchase of investments (417,418) (489,590)
Proceeds from sale offixed assets
Proceeds from sale ofinvestments 398,219 414,690
NET CASH OUTFLOW FROM INVESTING (73,502) (209,976)
ACTIVITIES
INCREASE / (DECREASE) IN CASH AND CASH
EQUIVALENTS 20 283,971 (411,340)

.
Donatio		 ns
and Legacies
13Months to Yearto
31Aug 2021 31Jul 2020
6
Donations 12,782
Government grants 261,331 206,995
274,113 206,995

.
Fees Receivable
13Months to Yearto
School Fee income comprises: 31Aug 2021 31Jul 2020
6 6
Gross Fees 5,781,631 4,971,065
Less: Total bursaries, grants and allowances (981,427) (606,250)
Add back: Scholarships, grants etc. paid for by 4,338 3,943
restricted
funds
4,804,542 4,368,758

13Months to Yearto
31Aug 2021 31Jul 2020
f 6
Other educational income
Entrance and registration fees 9,510 6,804
9,510 6,804
13Months to Yearto
31Aug 2021 31Jul 2020
6 E
Property income 76,825 8,152
Student deposits 78,588 15,575
Discount received 4 10
Short stay boarding 60,198 48,155
215,615 71,892

13Months to Yearto
31Aug 2021 31Jul 2020
6 f
l.isted investments 22,461 18,363
Common investment funds 4,902 4,999
27,363 23,362

Parent Consolidated
13lylonths to Yearto 13Iylonths to Yearto
31Aug 2021 31JUI 2020 31Aug 2021 31Jul 2020
6 5 6 6
Charitable
activity expenditure
includes:
Premises
repairs		 108,504 110,091 108,504 110,091
Depreciation 304,790 338,769 304,790 338,769
Governance
expenditure		 includes:
Auditors'
remuneration		 for:
Statutory
audit		 6,600 6,000 6,600 6,000
Accounts preparation 4,506 4,506
Governors'
liability insurance		 4,394 4,289 4,394 4,289
Total staff costs comprising
Wages and salaries 3,319,971 3,277,840 3,319,971 3,277,840
Social security costs 314,864 315,230 314,864 315,230
Pension contributions 466,428 466,001 466,428 466,001
4,101,262 4,059,071 4,101,262 4,059,071
13Months to Year to
31Aug 2021 31Jul 2020
i100,000 - 6110,000 1
690,000 - 6100,000
680,000 —690,000
670,000 —680,000
660,000- 670,000

he number ofemployees whose em
nder the two schemes were:		 oluments
exceed		 ed f60,000and who w ere accruing p ension benefit
13Months to Yearto
31Aug 2021 31Jul 2020
No E No f
Teachers' pension scheme 33,833 42,327
School scheme support staff 7,749
2 33,833 3 50,076

PARENT Staff costs Other Depreciation 13months to
31Aug 2021
E
Charitable
activities
Teaching costs 3,061,176 166,757 42,344 3,270,277
Welfare 386,806 141,422 528p228
Premises 209,442 397,316 262,446 869,204
Administration ofthe school 443,838 310,217 754,055
Costs ofschooling 4,101,262 1,015,712 304,790 5,421,764
Grants, awards and prizes 4,338 4,338
Cost ofRaising funds
Investment
management		 10,245 10,245
Total resources expended 4,101,262 1,030,295 304,790 5,436,347
CONSOLIDATION Staff costs Other Depreciation 13months to
31Aug 2021
6
Charitable
activities
Teaching costs 3,061,176 166,757 42,344 3,270,277
Welfare 386,806 141,422 528,228
Premises 209,442 397,316 262,446 869,204
Administration ofthe school 443,838 310,217 754,055
Costs ofschooling 4,101,262 1,015,712 304,790 5,421,764
Grants, awards and prizes 4,338 4,338
Cost ofRaising funds
Investment
management		 10,245 10,245
Trading costs 1,320 1,320
Total resources expended 4,101,262 1,031,615 304,790 5,437,667

Notes to th
2021		 e Financial Sta tements
for the		 13Month Pe riod Ended 31 "August
PARENT Staff costs Other Depreciation Yearto
31Jul 2020
E
Charitable
activities
Teaching costs 3,042,964 207,901 53,218 3,304,083
Welfare 335,323 128,902 464,225
Premises 225,212 408,474 285,551 919,237
Administration ofthe school 455,572 349,153 804,725
Costs ofschooling 4,059,071 1,094,430 338,769 5,492,270
Grants, awards and prizes 3,943 3,943
Cost ofRaising funds
Investment
management		 8,563 8,563
Total resources expended 4,059,071 1,106,936 338,769 5,504,776
CONSOLIDATION Staff costs Other Depreciation Yearto
31Jul 2020
f
Charitable
activities
Teaching costs 3,042,964 207,901 53,218 3,304,083
Welfare 335,323 128,902 464,225
Premises 225,212 408,474 285,551 919,237
Administration ofthe school 455,572 349,153 804,725
Costs ofschooling 4,059,071 1,094,430 338,769 5,492,270
Grants, awards and prizes 3,943 3,943
Cost ofRaising funds
Investment
management		 8,563 8,563
Trading costs 1,320 1,320
Total resources expended 4,059,071 1,108,256 338,769 5,506,096
Net income from endowments 12,780
Net income reduction (15,223)
Loan replacement fund (9,662)
l12,105)

13months to Yearto
31Aug 2021 31Jul 2020
E E
Realised 41,344 6,426
IJnrealised 182,072 (36,988)
223,416 (30,562)

Freehold Freehold ~pro e Furniture ~corn
uter		 Total
foundation school and EJIEui ment
~ro e ~buildin
s		 refurbishment erieulrment
E
Cost
At 1*'August 2020 20,956 2,316,694 4,693,428 1,055,721 1,380,962 9,467,761
Additions 13,180 14,490 26,633 54,303
Disposals
As at 31eAugust 2021 20,956 2,316,694 4,706,608 1,070,211 1,407,595 9,522,064
Depreciation
At 1"August 2020		 613,816 3,575,206 995,005 1,305,676 6,489,703
Charge for the year 23,167 220,761 18,518 42,344 304,790
Eliminated
on disposals
As at31"August 2021 636,983 3,795,967 1,013,523 1,348,020 6,794,493
Net BookValue
As at31"August 2021 20,956 1,679,711 910,641 56,688 59,575 2,727,571
As at31"July 2020 20,956 1,702,878 1,118,222 60,716 75,286 2,978,058

2. Investments
Unrestricted Restricted Endowment Total
E 6 E E
Balance as at 1u August 2020 448,568 839,284 1287853
Additions 146,974 270,443 417,417
Disposals at opening market value (139,039) (259,180) (398,219)
Change
in market value		 83,363 140,053 223,416
Increase/(Decrease) in cash (10,499) (5,387) (15,886)
Balance as 31uAugust 2021 1 529,367 985,213 1,514,581
Comprising:
Investment
in subsidiary		 1
Listed Investments 515,545 748,457 1,264,002
Common investment funds 195,162 195,162
Cash awaiting
investments		 13,822 41,594 55,416
1 529,367 985,213 1,514,581

ubsidiary
 is the same as Rishw orth
School as d		 etailed at page 2.The compan y traded as follo
13months to Yearto
31August 2021 31July 2020
6 E
Turnover 61,870 22,364
Administration
Costs		 (1,320) (1,320)
Interest receivable 5 12
Covenanted donation to Rishworth school (60,555) (21,056)
Iuet Profit Loss for the Year

3.Debtors and ac crue d income
Parent Consolidated
31Aug 31Jul 31Aug 31Jul
2021 2020 2021 2020
f f f f
Fees 27,230 26,349 27,230 26,349
Other debtors 6,191 2,483 6,191 2,483
Rishworth
School Trading		 Ltd 81,610 21,056
Prepayments and accrued income 76,094 87,932 76,094 87,932
191,125 137,820 109,515 116,764
4. Creditors
Parent Consohdated
31Aug 31Jul 31Aug 31Jul
2021 2020 2021 2020
F. f f f
Amounts
falling due		 within one year
Fees received in advance (note 15) 788,718 500,277 788,718 500,277
Trade creditors 116,519 82,978 116,519 82,978
Taxation and social security 77,274 74,464 77,274 74,464
Final term deposits 59,685 54,980 59,685 54,980
Accruais and deferred income 86,934 193,066 88,254 194,953
1,129,130 905,765 1,130,450 907,652
Amounts
falling due		 after more than
one year
Final term deposits 264,630 414,334 264,630 414,334
264,630 414,334 264,630 414,334

Parent Tangible Investments Net current Long term Total
fixed assets assets/(liabilities) liabilities 31Aug 2021
6 f f 6 6
Unrestricted funds 2,706,615 1 (520,753) (264,630) 1,921,233
Endowment funds 20,956 985,213 193,560 1,199,729
Restricted funds 529,367 67,562 596,929
2,727,571 1,514,581 (259,631) (264,630) 3,717,891
Consolidated Tangible Investments Net current Long term Total
fixed assets
f		 E assets/(liabilities) liabilities
6		 31Aug 2021
E
Unrestricted funds 2,706,615 (520,752) (264,630) 1,921,233
Endowment funds 20,956 985,213 193,560 1,199,729
Restricted funds 529,367 67,562 596,929
2,727,571 1,514,580 (259,630) (264,630) 3,717,891
Parent Tangible Investments Net current Long term Total
fixed assets assets/(liabilities) liabilities 31Jul 2020
E E 6 f 6
Unrestricted funds 2,957,102 1 (553,104) (414,334) 1,989,665
Endowment funds 20,956 839,284 174,551 1,034,791
Restricted funds 448,568 64,998 513,566
2,978,058 1,287,853 (313,555) (414,334} 3,538,022
Consolidated Tangible Investments Net current Long term Total
fixed assets assets/(liabilities) liabilities 31JUI 2020
6 E 6 f. f
Unrestricted funds 2,957,102 (553,103) (414,334) 1,989,665
Endowment funds 20,956 839,284 174,551 1,034,791
Restricted funds 448,568 64,998 513,566
2,978,058 1,287,852 (313,554) (414,334) 3,538,022

Parent Consolidated
31Aug 31Jul 31Aug 31Jul
2021 2020 2021 2020
f 6 f f
Due in under one year 6,625 6,625
Total operating lease commitments not
provided in the financial statements 6,625 6,625

9.Reconciliation
of N		 et Incoming Resources to Net Cash Flow from Ope rations
13Months to Year to
31Aug 2021 31Jul 2020
E E
Surplus / (Deficit) (43,547) (802,033)
Depreciation
charged		 304,790 338,769
Investment
income (net)		 (27,3631 (23,362)
Bank deposit interest (1,107) (3,876)
Decrease / (increase)
in debtors		 7,249 53,676
(Decrease) / Increase
in creditors		 73,095 135,549
Decrease / (increase)
in cash awaiting		 investment 15,886 72,675
NET CASH INFLOW FROM OPERATING ACTIVITIES 329,003 (228,602)
0. Analysis of Changes in Cash and Cash Equivalents
Bank Accounts Total
E E
Balances at 31uJuly 2019 888,674 888,674
Net cash inflow/(outflow) (411,340) (411,340)
Balance at31"July 2020 477,334 477,334
Net cash inflow/(outflow) 283,971 283,971
Balance at 31*'August 2021 761,305 761,305