2021-08-31-accounts

		Page
Legal and Administrative	Information
Governors' Report		2 —14
Independent Auditor's	Report	15 —17
Statement of Financial	Activities	18
Balance Sheet		19
Cashf low Statement		20
Notes to the Financial	Statements	21 —34

Employment policy The School is an equal opportunities employer. Full and fair consideration is given tojob applications from disabled persons and due consideration is given to their training and employment needs. Consultation with employees, or their representatives, has continued at all levels with the aim of taking the views of employees into account when decisions are made that are likely to affect their interests.
STRATEGIC REPORT
Risk Management The Board of Governors is responsible for the management of the risks faced by the School. Detailed considerations of risk are delegated to the Chair and the Chairs of the Governors' Committees, assisted by the Headmaster and Bursar. Risks are identified, assessed, and controls established as part of the work of the individual Committees A formal review of the charity's risk management processes is undertaken each year and the main or key operational risks identified and these are documented here:
Educational:
~ Academic standards declining as reflected by external examination results; mitigated by.
Recruitment and retention of good quality teaching staff;
Systematic performance review and development ofteaching staff.
Pastoral:
~ Adverse pastoral matter arising; mitigated by: Robust structures and systems in place to identify and manage behaviour issues and
possible underlying causes, Robust structures in place to manage and support well-being, including an awareness of and close supervision of those identified as, or who identify themselves as,
vulnerable members ofthe community;
& Staff training on specific issues (eg. self-harm, suicide or bereavement).
Health and Safety: ~ Failure to ensure safe, secure and suitable premises and accommodation; mitigated by: Organisational structures and resources to sustain regular repairs & maintenance; Refurbishment and renewals to improve and meet new standards of safety,
education, environment, technology and legislation, as required.
Legal and/or regulatory: ~ Failure to comply with statutory, legal or educational requirements; mitigated by: Systematic production and review of policies and procedures carried out at all levels
by management and staff trained and supported as required, Organisation and management structures to ensure monitoring and implementation
of policies and procedures.

FOR	'THE YE	AR ENDED 31 A	UGUST 2021
					Total	To/a/
		Unrestricted	Restricted	Endowed	Funds	Funds
	Notes	Funds f	Fundsf	Fundsf	2021f	2020f
Income from:
Charitable Activities School fees Other educational income	2 3	13,189,514 485,250			13,189,514 485,250	12,964,668 401,566
Other trading activities Other ancillary trading income Non-ancillary trading income		555,558 195,850			555,558 195,850	573,217 654,360
Investments Investment income		40,485			40,485	56,063
Voluntary sources Donations			157112		157112	72446
Total incoming resources		14466657	157112		14623760	14722380
Expenditure on:
Raising funds Fundraising costs Financing costs	5 5	122,933 10958			122,933 10958	117,341 20 725
Total deductible costs		139091			139091	140066
Charitable activities Education and grantmaking	5	13874981	210 224		14D93 2D5	74 196 110
Total expenditure	5	14 D14 872	218 224		14233 D96	t4 342 t04
Net income from operations		451,785	(61,112)		390,673	360,196
Profit/(loss) on investments	9	319,672			319,672	(44,636)
Transfers between funds	16, 17	126 150	126156
Net income for the year		897 613	187268		710 345	335360
Total funds at 1 September 2020		15452311	399849	2054307	179D6467	17571107
TOTAL FUNDS AT 31 AUGUST 2021	18			~4e)0Z	~2a812	1ZW6.467

		2021		2020
	Notes	6
FIXEDASSETS Tangible fixed assets Investments			20,469,139 1 629308	21,005,377 1219128
			22,098,447	22,284,505
CURRENT ASSETS Stock Debtors Cash at bank and in hand 10 11		2,190 577,010 2 250		2,707 621,417 1 141
		581,450		625,865
CREDITORS: amounts one year	falling due within 12	~2 ~18 343		~3281 940
NET CURRENT LIABILITIES			1936 893	~2656 081
TOTAL ASSETS LESS CURRENT LIABILITIES			20,161,554	19,628,424
CREDITORS: amounts more than one year	falling due after 13		1 544 742	1 721 957
NET ASSETS				JZ90M667
FUNDS
Endowment funds	15		2,054,307	2,054,307
Restricted funds Unrestricted funds	16 17		212,581 10349924	399,849 15452 3t1
				17~6~

			Notes	2021f	2020f
NET CASH INFLOW FROM OPERATIONS Net cash provided by operating activities				1 071 812	568 069
Cash flows from investing activities: Payment for tangible fixed assets Proceeds from sale of tangible fixed assets Additions to investments portfolio				(304,537) (33,430)	(1,254,067) 100 (45,189)
Withdrawal from investments portfolio Investment income				40 485	56 083
Net cash used in investing activities				297482	1 243 073
Cash flows used by financing activities: Bank loan interest paid and finance costs Bank loan repayments				(16,958) ~177215	(28,725) ~177215
Net cash used by financing activities				~I94173	~205 940
Change in cash and cash equivalents in the reporhng	period			580,157	(880,944)
Cash and cash equivalents at the beginning ofthe period				748 891	132 053
Cash and cash equivalents at the end of the reporting	period				889
including overdrafts
(i) RECONCILIATION OF NET INCOME TO NET CASH		FLOWS FROM		OPERATING
ACTIVITIES
				2021f	2020
Net incoming resources				390,673	427,185
Elimination of non-operating cash flows'
Investment income				(40,485)	(56,083)
Finance costs				16,958	28,725
Investment management fees Depreciation charge Decrease in stocks				2,922 840,775 517	5, 049 854,699 2,008
Decrease in debtors				44,407	70,770
Decrease in creditors				(183,955)	(764,645)
Loss on sale offixed assets					361
Net cash inflow from operations					~56
(ii) ANALYSIS OF CHANGES IN NET DEBT
	1September			Movement in	31August
			2020f	the yearf	2021f
Net cash including overdrafts Bank Loan due with one year Bank Loan due after more than one year		(748,891) (177,215) 533252 884		580,157 ~177215	(168,734) (177,215) ~1075669
Net Debt		~21	~90

2.	FEES RECEIVABLE
	Income represents gross	School fees invoiced,		less discounts	and allowances	2021	2020
						f	f
	Gross school fees Less Total bursaries,	grants and allowances				14,954,527 ~3,76~,013	14,570, 241 utt600056,, 555633
						13,189,514	12,964,666
3.	OTHER INCOME					2021	2020
	Other educational income: After school clubs and school trips Music, Lamda and learning support		lessons			f 169,706 315544	6 149,939 251,627
						485,250	401,566
	Other ancillary trading Lunch charges Food and cafe sales Fee protection scheme Bus and coach service	income: income				2021f 475,504 7,105 18,513 54436	2020f 463,113 25,077 16,266 66,761
						555558	573,2t7
						2021	2020
	Non-ancillary trading income: Rent received Government grants Other incoming resources					f 4,179 138,780 52,891	f 22,756 585,911 45,711
						195,850	654,360
	4. INTEREST					2021	2020
						f
	Dividends received Interest received					33,430 7055	45,189 10,694
						40 485	56,083

5. ANALYSIS OF T	OTAL RES	OURCES EXPEND	ED
					Total	Total
		Staff Costs	Other	Depreciation	2021	2020
Costs of generating funds Fundraising costs Financing costs		6 108,204	6 14,729 16958		122,933 16,958	117,341 28,725
Total cost of generating	funds	108,204	31,687		139,891	146,066
Charitable activities Teaching Welfare Premises Support Governance costs		8,839,954 702,667 259,942 1,098,312	378,897 282,460 792,155 876,950 21,093	840,775	9,218,851 985,127 1,892,872 1,975,262 21,093	9,288,937 963,522 1,977,894 1,943,423 22,342
7 1 1 1 ii bi 0	Dii	1090D,875	2,351 555	840,775	14,093,205	14,196,118
Total resources expended		11,DD9,079	2 383,242	84D,775	14,233 D90	14,342, 184

mloed bth	School	during	the year was as follows:
py y				2021	2020
				Number	Number
Teaching staff Administration Premises	(including academic support) and support			207 30 12	207 29 13
Welfare				42	42
				291	291
he aggregate	payroll costs of		these persons were as follows:	2021	2020
				f
Wages and salaries Social security costs Pension costs				8,577,173 831,820 1,572,792	8,313,079 816,604 1,539,909
Apprenticeship	levy			27,294	26,755
				11,009,079	10,696,347

TAFF COSTS (continued)
The numbers of employees	who earned	more than F60,000 per annum	were:	2021	2020
				Number	Number
L60,001 — F70,000				1	3
F70,001 — F80,000 F80,001 — F90,000				1 3	1 3
F90,001 —F100,000				3	1
F140,001 —F150,000					1
F160,001 - F170,000

				2021	2020
				F	F
Auditor's remuneration:	—audit services			18,000	16,000
Auditor's remuneration:	—other services			2,280	2,770
NGIBLE FIXED ASSETS
	Freehold	School	Fixtures and	Motor	Total
	Properties F	Equipment 6	Fittings f	Vehicles f
Cost
At 1 September 2020 Additions	24,274,693 160,926	1,122,481 125,001	1,582, 573 18,610	337,611	27,317,358 304,537
Disposals		135852	1 206	6000	143,058
At 31 August 2021	24 435619	1,111630	1 599977	331611	27478,837
Depreciation
At 1 September 2020 Charge for the year On disposals	4,713,650 480,059	745,978 173,287 135852	630,572 139,704 1,206	221,781 47,725 6,000	6,311,983 840 775 (14»058)
At 31August 2021	5,193,709	783413	769,070	263,506	7,009698
Net Book Value
At 31August 2021	19,241 908	328 218	830,907	68,106	20,469 139
At 31 August 2020	19,561,043	376,503	952,001	115,830	21,005,377

9.	INVESTMENTS
a)	Investment Portfolio		2021	2020
			f
	At I September 2020 Reinvested income		1,279,128 33,430	1,283, 824 45,189
	Investment management Increase/(decrease) in	fees value of investments	(2,922) 319672	(5,049) ~44, ll36
	At 31 August 2021		1629,3D8	1,279, 120

TOCKS
			2021	2020
			E	E
Kitchen stores,	clothes and	prospectuses	219D	2,707
EBTORS
			2021	2020
			F	8
Fee debtors Prepayments Other debtors	and accrued	income	234,824 290,315 51 871	162,137 275,873 183,407
			577 D10	621 417

REDITORS: a	mounts	falling due within one year
			2021	2020
			5
Bank loan			177,215	177,215
Bank overdraft			170,984	750,632
Trade creditors			354,459	447,392
Taxes and social security Fees received in advance			377,541 654,340	622,002 572,214
Refundable deposits Accruals and deferred		income	413,194 222,297	356,550 107,797
Other creditors			148,313	248,144
			2 ~18343	3281,946

. CREDITORS: amounts fa	lling due after more than one yea	r
		2021	2020
		6
Bank loan		1,075,669	1,252, 884
Fees received in advance		409 073	469,073
		1544742	1721957
he bank loan is repayable	by instalments:	2021f	2020
Due after five years Due within two to five years Due within one to two years		366,809 531,645 177,215	544,024 531,645 177,215
		1 075669	1,252, 884
Due within one year		177,215	177,215
		1,252,884	1,430,099

NCIAL I	NSTRUMENTS
					2021f	2020
Financial Financial Financial	assets measured assets measured liabilities measured	at amortised at fair value at amortised	cost cost	(a) (b) (c)	286,695 1,629,308 3,669,804	450,936 1,279, 128 3,631,269

						Transfers
			At			and
			1 September 2020 F	Incoming Resourcesf	Resources Expended	gain/loss on investments E	At 31 August 2021
Endowed Endowed	Fund Fund	—Permanent —Expendable	1,845,977 208,330				1,845,977 208 330
			2,054,307				2,054 307

				At			Transfers
			1	September 2019 F	Incoming Resources F	Resources Expended	and gain/loss on investments F	At 31 August 2020 8
Endowed Endowed	Fund Fund	—Permanent —Expendable		1,845,977 208,330				1,845,977 208,330
				2,054,307				2,054,307

			At
		1	September 2019	Incoming Resourcesf	Resources Expendedf	Transfers and loss on investmentsf	At 31 August 2020f
Prize fund Bursary fund The Parents' Committee Hockey Festival Mailer fund Other funds			135,147 135,678 45,640 15,432 5,916 59,191	90,590 24,153 240 2,653	(1,407) (160) (9,240) 4,412	(64,786) (20,851) 13,935	133,740 161,322 39,702 15,432 6,156 43,497
			397,004	117,636	15,219	99,572	399,849

					At			Transfers and	At
					1 September 2020	Incoming Resources f	Resources Expended f	gains on investmentsf	31 August 2021f
General Designated	Bursary		Fund		15,317,765 134,546	14,466,657	(14,014,872)	445,828	16,216,378 134,546
					15,452,311	14,466 657	14,014872	445 828	16349924
he Designated		Bursary		Fund was a specific legacy		received in 2013/14.
Prior year:
					At				At
					1 September 2019f	Incoming Resources f	Resources Expended f.	Transfers F	31August 2020f
General Designated	Bursary		Fund		14,985,250 134,546	14,604,745	(14,326,966)	54,736	15,317,765 134,546
					15,119,796	14,604,745	14,326,966	54,736	15,452,311

				Total
	Unrestricted	Restricted	Endowed	Funds
	Funds	Funds 6	Funds 6	2020f
Income from:
Charitable Activities School fees Other educational income	12,964,688 401,566			12,964,688 401,566
Other trading activities Other ancillary trading income Non-ancillary trading income	573,217 654,380			573,217 654,380
Investments Investment income	10,894	45,189		56,083
Voluntary sources Donations		72,446		72,446
Total incoming resources	14,604,745	117,635		14,722,380
Expenditure on:
Raising funds Fundraising costs Financing costs	117,341 28,725			117,341 28,725
Total deductible costs	146,066			146,066
Charitable activities Education and grantmaking	14,180,900	15,218		14,196,118
Total expenditure	14,326,966	15,218		14,342,184
Net income from operations	277,779	102,417		380,196
Loss on investments		(44,836)		(44,836)
Transfers between funds	54,736	54 736
Net Income for the year	332515	2,845		335,360