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2020-08-31-accounts

Trustee Governors Governors Mrs. D M Fulbrook OBE Mrs. D M Fulbrook OBE Mrs. D M Fulbrook OBE Mrs. D M Fulbrook OBE
Mr,
I A Paul
Mr. STyler
Ms. SAyres
Mrs. S Bannister
Mrs. K Holyoak
Mrs. T Smith
Miss N Ross
Mrs. M Russell
Mr R W Godfrey
Mr J F Munoz (Appointed 16October 2019)
Dr PASimkiss (Appointed 16October 2019)
Mr N P Duffy (Appointed 16October 2019)
Patrons Lieutenant
Colonel Patrick Holcroft LVO OBE
Lord Faulkner of Worcester
Strategic Lead: Business Mrs. L. Pratt
and Finance
Senior Leadership Team Miss N. Ross, Principal
Mrs. V. Ward, Strategic Lead - Vl Education
Mrs. F. Madden, Strategic Lead - Student Progress
Mr. J.Clugston - Strategic Lead - Student Wellbeing
Mrs. L. Pratt, Assistant Principal: Business and Finance
Charity number 1118377
Company number 06053218
Registered office Whittington
Road
Worcester
WR5 2JX
Auditor Kendall Wadley LLP
Granta Lodge
71 Graham
Road
Malvern
Worcestershire
WR14 2JS
Bankers Lloyds Bank Pic
4The Cross
Worcester
WR1 3PY
Solicitors Thursffelds
9-10The Tything
Worcester
WR1 2HD

Page
Trustee Governors'
report		 1-7
Statement
ofTrustee		 Governors' responsibilities
Independent
auditor's		 report 9- 10
Statement
offinancial		 activities 11 - 14
Summary
income and		 expenditure account 15
Balance sheet 16-17
Statement
ofcash flows		 18
Notes to the financial statements 19-49

UnrestrlctedUnrestrictedUnrestricted UnrestrlctedUnrestrictedUnrestricted UnrestrlctedUnrestrictedUnrestricted Restricted Endowment Total Total
funds funds funds funds funds 2020 2019
general Designated Pension
Scheme
Notes 6 6
Donations
and
legacies 3 143,440 197,235 340,675 534,170
Charitable
activities		 4 4,148,503 159 4,148,662 3,805,135
Other trading
activities 5 4,421 936 5,357 8,398
Investments 6 44,453 18,237 62,690 130,517
Other income 7 11,288 11,288 14,312
Total income 4,352,105 216,567 4,568,672 4,492,532
EmettgitttftLgo;
Raising funds 8 49,551 4,670 54,221 69,416
Charitable
activities		 9 4,205,879 148,915 3,000 67,200 4,424,994 4,528,056
Total resources
expended 4,255,430 153,585 3,000 67,200 4,479,215 4,597,472
Net gains on
investments 14 (255) 525 1,659 1,929 (4,466)
Net incoming/
(outgoing)
resources before
transfers 96,420 (153,585) (3,000) 149,892 1,659 91,386 (109,406)
Gross transfers
between
funds		 13 (96,343) 166,370 27,000 (97,027)
Net incoming/(outgoing)
resources 77 12,785 24,000 52,865 1,659 91,386 (109,406)
Carried forward 77 12,785 24,000 52,865 1,659 91,386 (109,406)

Brought forward 77 12,785 24,000 52,865 1,659 91,386 (109,406)
Other recognised gains and losses
Actuarial
loss on
defined
benefit
pension schemes (3,000) (3,000) (116,000)
Net movement
in		 funds 77 12,785 21,000 52,865 1,659 88,386 (225,406)
Fund balances at 1
September 2019 236,803 14,176,349 (317,000) 295,992 536,068 14,928,212 15,153,618
Fund balances at
31August 2020 236,880 14,189,134 (296,000) 348,857 537,727 15,016,598 14,928,212

Prior year
UnrestrictedUnrestrictedUnrestricted Restricted Endowment Total
funds funds funds funds funds 2019
general Designated Pension
Scheme
Notes E E E E E
Donations
and
legacies 3 194,710 339,460 534,170
Charitable
activities		 4 3,800,990 4,145 3,805,135
Other trading
activities 5 8,398 8,398
Investments 6 101,332 29,185 130,517
Other income 7 14,312 14,312
Total income 4,119,742 372,790 4,492,532
Raising funds 8 65,691 3,725 69,416
Charitable
activities		 9 4,128,568 129,784 4,000 265,704 4,528,056
Total resources
expended 4,194,259 133,509 4,000 265,704 4,597,472
Net gains on
investments 14 4,874 (2,244) (7,096) (4,466)
Net incoming/
(outgoing)
resources before
transfers (69,643) (133,509) (4,000) (104,842) (7,096) (109,406)
Gross transfers
between
funds		 13 (92,165) 141,610 19,000 (68,445)
Net incoming/(outgoing)
resources (161,808) 8,101 15,000 36,397 (7,096) (109,406)
Carried forward (161,808) 8,101 16,000 36,397 (7,096) (109,406)

Brought forward (161,808) 8,101 16,000 36,397 (7,096) (109,406)
Other recognised gains and losses
Actuarial
loss on
defined
benefit
pension schemes (116,000) (116,000)
Net movement
In funds		 (161,808) 8,101 (101,000) 36,397 (7,096) (225,406)
Fund balances at 1
September 2018 398,611 14,168,248 (216,000) 259,595 543,164 15,153,618
Fund balances at
31August 2019 236,803 14,176,349 (317,000) 295,992 536,068 14,928,212

All income funds
2020 2019
6 f
Gross income 4,668,672 4,492,532
Gains on investments 270 2,630
Total income
in		 the reporting period 4,568,942 4,495,162
Total expenditure from income funds 4,479,215 4,597,472
Net Income/(expenditure) for the year 89,727 (102,310)

2020 2019
Notes 6
Fixed assets
Tangible assets 15 14,522,965 14,486,279
Investments 16 707,186 905,988
15,230,151 15,392,267
Current assets
Debtors 17 73,544 443,349
Cash at bank and in hand 834,597 236,229
908,141 679,578
Creditors: amounts falling due within 18
one year (628,307) (614,870)
Net current assets 279,834 64,708
Total assets less current liabilities 15,509,985 15,456,975
Creditors: amounts falling due after 20
more than one year (197,387) (211,763)
Provisions for liabilities 22 (296,000) (317,000)
Net assets 15,016,598 14,928,212
Capital funds
Endowment funds 24 537,727 536,068
Income funds
Restricted funds 25 348,857 295,992
Unrestricted funds - Designated 26 14,189,134 14,176,349
Unrestricted funds - General 236,880 236,803
Unrestricted funds - Pension Scheme (296,000) (317,000)
15,016,598 14,928,212

2020 2019
Notes 5 6
Cash flows from operating activities
Cash generated
from/(absorbed		 by) 32
operations 603,919 (414,224)
Investing
activities
Purchase oftangible
fixed assets		 (190,271) (235,705)
Proceeds on disposal oftangible fixed
assets 1,898 116
Purchase of investments (38,514) (298,892)
Proceeds on disposal of investments 239,245 411,040
Interest received 22,879 41,585
Net cash generated
from/(used		 in)
investing
activities		 35,237 (81,856)
Financing
activities
Repayment
of bank loans		 (13,788) (13,148)
Repayment
ofpension
fund		 deficit (27,000) (19,000)
Net cash used In financing activities (40,788) (32,148)
Net increase/(decrease)
in		 cash and cash
equivalents 598,368 (528,228)
Cash and cash equivalents at beginning ofyear 236,229 764,457
Cash and cash equivalents at end of year 834,597 236,229

1 Accounting
policies		 (Continued) (Continued)
Basic financial
liabilities
Basic financial
liabilities,
including
creditors
and
bank
loans are
initially
recognised
at transaction
price
unless the arrangement
constitutes
a		 financing
transaction,
where
the debt instrument
is measured
at		 the
present
value of the future
payments		 discounted
at a market
rate of interest.
Financial
liabilities
classified
as payable
within one year are not amortised.
Debt instruments
are subsequently
carried at amortised
cost, using the effective interest rate		 method.
Trade creditors are obligations
to pay		 for goods or services that have been acquired
in the ordinary
course
of operations
from suppliers.
Amounts		 payable
are classified as current
liabilities
if payment		 is due within
one year or less. If not, they are presented
as non-current
liabilities. Trade creditors are recognised
initially
at transaction
price and subsequently		 measured
at amortised
cost using the effective interest		 method.
Derecognlllon
offinancial
liabilities
Financial
liabilities
are derecognised		 when
the charitable
company's
contractual
obligations		 expire or are
discharged
or cancelled.
1.11 Employee
benefits
The cost of any unused
holiday
entitlement
is recognised
in the period
in which
the employee's
services
are received.
Termination
benefits
are
recognised		 immediately
as
an
expense
when
the
charitable		 company is
demonstrably
committed
to terminate		 the employment
ofan employee
or to provide termination		 benefits.
1.12 Retirement
benefits
The charitable
company operates
two		 defined
benefit pension schemes.
The Teachers'
Pension
Scheme
forms
part of a multi-employer
scheme
and,
therefore,		 it is unable to
identify
its share ofthe underlying
assets and liabilities
in the scheme on a consistent
and reliable basis.		 As
such the contributions
are accounted		 for as if the scheme were defined
contribution
and charged as they
become payable.
The Pensions
Trust scheme also forms part of a multi-employer
scheme,
however,
sufficient		 information is
available
to be accounted
for as a defined
benefit scheme.

Unrestricted Restricted Total Total
funds funds 2020 2019
general
6 6
Grants receivable for core activities
Teachers Pay Grant 28,076 28,076
Teachers Pension
Grant		 74,315 74,315
EFA Bursary
Fund Grant		 2,760 2,760
Devolved
Formula
Capital		 Grant/School Condition
Grant 42,185 42,185 42,874
DMF Ellis Charitable Trust Grant 2,000 2,000
The Eveson Charitable Trust Grant 10,000 10,000 10,000
Worcester Community Foundation Grant 3,200 3,200
Worshipful
Company		 ofSpectacle Makers Grant 3,500 3,500
Baron Davenport
Charitable		 Trust Grant 1,500 1,500 1,000
Beatrice Lang Trust Grant 5,400 5,400
Edward
Cadbury
Charitable		 Trust Grant 4,200 4,200
Dumbreck
Charity
Grant		 1,000 1,000
Bernard
Sunley Charitable		 Foundation Grant 5,000 5,000
Pupil Premium
Funding		 2,560 2,560 26,489
IT Designated
Funds		 61,655
Lightmongers
affiliation		 5,000
MrJ Claricoat 5,000
K Harrison
Clark		 1,000
The Rowlands
Trust		 2,000
StJames Place 125,114
Other small 250
Breakaway
Committee		 4,495
Gordon Gray Trust 1,000
Midland
Adult Student		 Union 8,000
British Council 20,124
CHK 5,000
J Davis 1,000
Penny
Bilton		 4,350
Ecclesiatical 1,000
Thomas Cook 8,000
Boshier Hinton 1,750
Screwtix 3,527
Activity week sponsorship 3,750
102,391 83,305 185,696 342,378

Unrestricted Restricted Total Total
funds funds 2020 2019
general
Leavers dinner income 840 840 3,284
School uniform sales 100
Other fundraising income 4,421 96 4,517 5,014
Other trading
activities		 4,421 936 5,357 8,398
For the year ended 31
August 2019 8,398 8,398
6 Investments
Unrestricted Restricted Total Total
funds funds 2020 2019
general
6
Swimming
pool		 and other hire 40,726 40,726 88,932
Income from listed investments 3,591 18,237 21,828 40,818
Interest receivable 136 136 767
44,453 18,237 62,690 130,517
For the year ended 31August 2019 101,332 29,185 130,517

2020 2019
Net gain on disposal oftangible Rxed assets 1,898
Other income 9,390 14,312
11,288 14,312

UnrestrictedUnrestricted UnrestrictedUnrestricted Total Total
funds funds 2020 2019
general
f		 Designated f
Fundraising Strategy Planning 1,992 1,992 3,123
Fundraising activities expenditure 300 300 3,844
Staff costs 47,259 47,259 58,724
Depreciation and impairment 4,670 4,670 3,725
Fundraising and publicity 49,551 4,670 54,221 69,416
For the year ended 31August 2019
Fundraising and publicity 65,691 3,725 69,416
Fundraising activities expenditure:
Leavers dinner expenditure 300 3,827
School uniform costs 17
300 3,844

Teaching Student
care		 Kitchen and
domestic		 Specific
purpose		 Total
2020		 Total
2019
projects
6
Staff costs 2,187,085 768,337 99,418 3,054,840 2,894,011
Depreciation
and
impairment 99,830 18,368 18,368 12,349 148,915 129,784
Staff Training 19,061 3,929 22,990 22,597
Books and materials 19,301 19,301 23,578
Outdoor pursuits 922 922 4,470
Educational
visits		 15,502 15,502 12,206
Student external courses 1,907 1,907 2,833
Postage and stationery 17,935 17,935 15,701
Computer costs 10,599 10,599 7,394
Repairs and
maintenance 91,586 91,586 47,331
Sundry 23,166 488 23,654 14,617
Bad debts (1,377) (1,377) (793)
Subscriptions 10,845 10,845 15,139
Overseas
trips		 1,783
Prizes for students 747 747 700
Examination
fees		 8,034 8,034 12,528
Medical costs 6,014 6,014 10,205
Cleaning 3,561 3,561 5,665
Food Costs 140,179 140,179 203,606
Outreach 300 300 973
College Improvement
Plan 9,009 9,009 7,445
Restricted
fund projects		 26,977 26,977 258,475
Pension
fund interest		 3,000 3,000 4,000
2,508,143 797,136 261,526 48,635 3,615,440 3,694,248
Share ofsupport costs
(see note 11) 529,096 180,837 23,430 733,363 808,755
Share ofgovernance
costs (see note 11) 76,191 76,191 25,053
3,113,430 977,973 284,956 48,635 4,424,994 4,528,056

Analysis
by fund		 Analysis
by fund
Unrestricted funds-
general 2,970,377 959,605 266,588 9,309 4,205,879
Unrestricted funds-
Designated 99,830 18,368 18,368 12,349 148,915
Unrestricted funds-
pension 3,000 3,000
Restricted funds 40,223 26,977 67,200
3,113,430 977,973 284,956 48,635 4,424,994
For the year ended 31August 2019
Unrestricted funds-
general 2,856,589 932,618 330,551 8,810 4,128,568
Unrestricted funds-
Designated 86,781 16,301 16,301 10,401 129,784
Unrestricted funds-
pension 4,000 4,000
Restricted funds 7,229 258,475 265,704
2,954,599 948,919 346,852 277,686 4,528,056

11 Support costs
Support Governance 2020 2019 Basis ofallocation
costs costs
6 6
Staff costs 413,448 14,831 428,279 481,413
Administration
staff
training 4,986 4,986 3,742
Premises
repairs and
maintenance 60,759 60,759 43,497
Rates and water 3,255 3,255 4,591
Heat and light 106,944 106,944 119,176
Insurance 38,427 38,427 36,768
Transport costs
15,151 15,151 9,954
Postage and stationery 11,884 11,884 27,860
Telephone 6,848 6,848 7,887
Equipment
repairs and
maintenance 3,642 3,642 9,090
Computer
costs		 31,171 31,171 17,677
Professional fees 9,855
Adverts for recruitment
ofstaff 23 23 3,404
Marketing
ofthe
activities ofthe school 28,840 28,840 34,339
Loan interest 7,985 7,985 8,566
Audit and accountancy 7,200 7,200 7,200 Governance
Legal and professional Governance
fees 43,444 43,444 1,620
Bank charges 6,063 6,063 1,227 Governance
Travel expenses 435 435 1,093 Governance
Investment
management		 Governance
fees 4,218 4,218 4,849
733,363 76,191 809,554 833,808
Analysed
between
Charitable
activities		 733,363 76,191 809,554 833,808

2020 2019
Number Number
Academic 60 68
Care 38 44
Domestic 17 16
Administration 17 20
132 148
Employment costs 2020
6		 2019f
Wages and salaries 2,813,629 2,860,353
Social security costs 236,779 237,606
Other pension costs 479,970 336,189
3,530,378 3,434,148
more we re :
2020 2019
Number Number
560,001 - 570,000 1 2
590,001 - 5f00,000 1 1

Unrestricted Restricted Endowment Total Total
funds funds funds 2020 2019
general
E E E
Revaluation ofinvestments (11) (46) (145) (202) (17,962)
Gain/loss
on		 sale of investments (244) 571 1,804 2,131 13,496
(255) 525 1,659 1,929 (4,466)
For the year
ended 31
August 2019 4,874 (2,244) (7,096) (4,466)
15 Tangible fixed assets
Freehold
land		 Plant snd Fixture and Motor Vehicles Total
and bulkllngs Machinery Fittings
E E E E
Cost
At 1 September 2019 14,774,615 643,243 262,167 83,256 15,763,281
Additions 5,754 104,572 79,945 190,271
Disposals (84,429) (20,999) (105,428)
At 31August 2020 14,780,369 663,386 342,112 62,257 15,848,124
Depreciation and impairment
At 1 September 2019 535,047 472,662 192,270 77,023 1,277,002
Depreciation charged in the year 60,187 60,683 30,418 2,297 153,585
Eliminated
in		 respect ofdisposals (84,429) (20,999) (105,428)
At 31August 2020 595,234 448,916 222,688 58,321 1,325,159
Carrying
amount
At 31August 2020 14,185,135 214,470 119,424 3,936 14,522,965
At 31August 2019 14,239,568 170,581 69,897 6,233 14,486,279

16 Fixed asset investments
2020 2019
f.
Listed investments 707,186 905,988
Movements in fixed asset Investments
Total
Cost or valuation
At 31August 2019 905,988
Additions 38,514
Valuation
changes		 1,929
Disposals (239,245)
At 31August 2020 707,186
Carrying
amount
At 31August 2020 707,186
At 31August 2019 905,988
17 Debtors
2020 2019
Amounts
falling due within one year:		 f
Trade debtors 252,632
Other debtors 33,625
Prepayments and accrued income 39,919 190,717
73,544 443,349

18 Creditors: amounts Creditors: amounts falling due viithin one year due viithin one year due viithin one year
2020 2019
Notes 6
Bank loans 21 13,740 13,152
Other taxation and social security 55,695 62,121
Deferred income 19 372,423 196,361
Trade creditors 109,000 218,981
Other creditors 26,667 37,059
Accruals and deferred income 50,782 87,196
628,307 614,870
19 Deferred income
2020f 2019
f
Other deferred income 372,423 196,361
2020 2019
6 6
School fee income received in advance 370,148 173,380
Swimming
pool		 and other hire income received in advance 11,386
Income received from students in relation to future school trips 850
Other restricted income 10,745
Other income 2,275
372,423 196,361
20 Creditors: amounts falling due after more than one year
Notes 2020
8		 2019f
Loans and overdrafts 21 197,387 211,763

21 Loans a nd overdrafts
2020 2019
6
Bankloans 211,127 224,915
Payable within one year 13,740 13,152
Payable after one year 197,387 211,763
Amounts included
above which		 fall due after five years;
Payable by instalments (127,834) 141,662
22 Provisions for liabilities Notes 2020f 2019
Retirement benefit obligations 23 296,000 317,000
296,000 317,000

The
amounts
included		 in the balance sheet sheet arising from the charitable
company's
obligations		 in respect ofdefined benefit plans are as follows:
2020 2019
9 f
Present value ofdefined benefit obligations 296,000 317,000
Deficit in scheme 296,000 317,000
Movements
in the present value		 ofdefined benefit obligations:
2020
Liabilities at 1 September 2019 317,000
Actuarial
revaluation		 3,000
Deficit contributions
paid		 (27,000)
interest cost 3,000
At 31August 2020 296,000
The defined
benefit obligations		 arise from plans funded as follows:
2020
Wholly unfunded
obligations
Wholly or partly funded obligations 296,000
296,000
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The income
funds		 of the of the charity include restricted funds comprising the following following unexpended balances of
donations
and grants		 held on trust for specific purposes;
Movement in funds
Balance at 1 Incoming Resources Transfers Revaluations, Balance at
September resources expended gains and 31August
2019 losses 2020
f f
Devolved
Formula
Capital Grant/School
Condition
Grant		 28,009 42,185 (7,409) (59,137) 3,648
EFA Bursary
Fund Grant		 8,069 2,760 (3,596) 7,233
Lightmongers
Affiliation		 1,168 1,168
Pupil Premium
Funding		 12,335 2,560 (8,250) 6,645
Archive Fund 2,817 2,817
Surgery
Refurbishment		 1,000 1,000
Bransford
Trust - Art		 2,899 (250) 2,649
Lochness Marathon-
curriculum
project		 300 300
Gym Girls - Bradnack
House Garden 295 295
150Years Celebrations 42 (42)
Six Masters Charities-
sleeping
bags		 203 203
Science Project 460 31 (377) 114
Bransford
Trust Facilities		 177 177
Ogden Trust 992 992
N Gunston - LRC centre 50 50
Goalball
kit		 37 37
Christmas
concert		 279 279
Clarvis
Phillip Jackson		 5,187 (398) 4,789
The Beatrice Laing Trust 2,500 (220) 2,280
IT Designated
Fund		 (14,816) 14,816
Mental
Health		 8,857 19,200 (98) 27,959
KS3 Lunchtime
Activities		 542 542
Y7 Catch up 1,000 1,000
NCW Youth Club 27 126 (150) 3
VICTA 1,500 1,500
Vl Specialist Equipment 3,508 3,508
Classroom
refurbishment 90,600 (4,989) 85,611
Beach Day 250 250
Celebration
Day
awards
fund		 792 (465) 327
DFE Maintenance 29,154 (4,496) (20,008) 4,650
C/fwd 111,657 158,254 45,556 (64,329) 160,026

Movement in funds
Balance at 1 Incoming Resources Transfers Revaluations, Balance at
September resources expended gains and 31August
2019f losses
f		 2020
6
B/fwd 111,657 158,254 (45,556) (64,329) 160,026
Music Tour 2,775 2,775
Sensory Garden 181 (181)
Minibus 797 8,801 9,598
Davenport Games
Consoles 220 500 (720)
British
Council
Erasmus
project		 8,394 1,614 (5,066) 4,942
Lifts campaign 26,698 6,000 (32,698)
Lower School Activities 30 (19) 11
Staff room refurb 150 1,025 (463) 712
College Car 3,500 10,000 (2,596) 10,904
Science Club 300 (96) 204
Currie Garden Plaque 800 (800)
Leavers Dinner 840 (696) 144
Judo Fund 260 260
Activity Week 159 (85) 74
C/fwd 151,897 191,058 (56,278) (97,027) 189,650
Associated funds: The Charitable Company as Trustee administers these funds under their existing
trusts
Additional
Scholarship
Fund 1,569 151 8 1,728
Bonham
Fund		 597 61 2 660
College Prize Fund 22 105 125 252
De Cordova Fund 23,142 734 47 23,923
Eric
Hamilton		 Tucker
trust 41,321 20,532 (10,097) 287 52,043
Gullick Bequest 52,050 3,128 (950) 128 54,356
Hextall Foundation 15,070 347 29 15,446
Higby Fund 4,743 131 10 4,884
Scholarship
Foundation		 5,581 320 14 5,915
295,992 216,567 (67,200) (97,027) 525 348,857

Restricted funds (Continued)
Prior year Movement in funds
Balance at 1 Incoming Resources Transfers Revaluations, Balance at
September resources expended gains and 31August
2018 losses 2019
6 E f
Devolved
Formula
Capital Grant/School
Condition
Grant		 32,618 13,720 (5,794) (12,535) 28,009
EFA Bursary
Fund Grant		 8,069 8,069
Lightmongers
Affiliation		 1,450 1,500 (1,782) 1,168
Pupil Premium
Funding		 11,970 16,011 (15,646) 12,335
Archive
Fund		 2,817 2,817
Surgery
Refurbishment		 1,000 1,000
Bransford Trust - Art 3,433 (534) 2,899
Lochness Marathon-
curriculum
project		 300 300
Gym Girls - Bradnack
House Garden 295 295
150Years Celebrations 42 42
Six Masters Charities-
sleeping
bags		 203 203
Science Project 354 171 (65) 460
Bransford
Trust Facilities		 177 177
Ogden Trust 992 992
N Gunston
- LRC centre		 50 50
Goalball
kit		 37 37
Christmas
concert		 279 279
Clarvis
Phillip Jackson		 7,091 (1,904) 5,187
The Beatrice Laing Trust 2,500 2,500
IT Designated
Fund		 4,983 61,655 (318) (66,320)
Mental
Health		 5 10,478 (1,626) 8,857
KS3 Lunchtime
Activities		 542 542
Y7 Catch up 1,000 1,000
Baron Davenports-
Mental
Health		 500 (1,192) 692
NCW Youth Club 461 (434) 27
VICTA 1,500 1,500
Vl Specialist Equipment 4,995 (1,487) 3,508
Classroom
refurbishment 13,017 137,745 (166,014) 15,252
Beach Day 250 250
C/fwd 94,685 247,525 196,796 (62,911) 82,503

Movement in funds
Balance at 1 Incoming Resources Transfers Revaluations, Balance at
September resources expended gains and 31August
2018 losses 2019
f f f
B/fwd 94,685 247,525 196,796 (62,911) 82,503
Celebration Day
awards
fund		 202 (209)
DFE Maintenance 29,154 29,154
Principal's Retirement
Fund 300 (300)
Sensory Garden 181 181
Minibus 797 797
Davenport Games
Consoles 1,000 (780) 220
British Council
Erasmus
project		 20,124 (11,730) 8,394
LiRs campaign 32,327 (5,629) 26,698
Activity Week 3,900 (3,900)
Staff room refurb 150 150
College Car 3,500 3,500
Science Club 300 300
Bransford Trust Music (88) 88
C/fwd 94,685 339,460 179,789 (68,445) 151,897
Additional
Scholarship		 Additional
Scholarship
Fund 3,966 242 (2,606) (33) 1,569
Bonham
Fund		 806 98 (300) (7) 597
College Prize Fund 104 168 (250) 22
De Cordova Fund 22,169 1,174 (201) 23,142
Eric
Hamilton		 Tucker
trust 56,351 25,670 (39,475) (1,225) 41,321
Gullick Bequest 57,181 4,686 (9,270) (547) 52,050
Hextall Foundation 14,626 570 (126) 15,070
Higby Fund 4,577 210 (44) 4,743
Scholarship
Foundation		 5,130 512 (61) 5,581
259,595 372,790 127,888 (68,445) (2,244) 295,992

25 Restricted funds (Continued)
Details ofthe purpose
ofthe main restricted
funds are given		 below, A number ofsmaller value funds (&5500)
also exist arising
from donations
from individuals
or specific fund raising activities.
DFC (Devolved
Formula
Capital)/Schools
Condition
Grant - For improvements		 to buildings and other facilities,
including
Information
Communication
Technology.
EFA Bursary Fund Grant - Grant funding
targeted
for student		 experiencing the greatest financial disadvantages
and
/ or course-related
costs.
Lightmongers
Affiliation - Contributions
towards costs ofassociation
with Lightmongers.
Pupil Premium
Funding
- Government
funding
to raise the attainment
ofdisadvantaged		 pupils.
Archive
Fund - Donation
to support the archiving
of NCW documents.
Surgery
Refurbishment
- Donations
towards
medical room.
Bransford
Trust (Art) - Donations
towards
Visiting Artists.
The Ogden Trust- Donation for the Physics department.
Clarvis
Phillip Jackson - to be used within the music department.
The Beatrice Laing Trust - Donation
towards
blackout
blinds		 in Chapel.
IT Designated
Fund - College restricted
fund for students'
IT		 equipment.
Mental
Health - For the provision of counselling
services.
KS3 Lunchtime
Activities - Resources for Lunch Clubs.
Y7 Catch up - Department
of Education
funding
received for		 the educational benefit ofa specific student
VICTA- Support
for students
applying
for University.
Vl Specialist Equipment
- Up to date ICT equipment
for generic use in College.
Classroom
refurbishment
- In support ofa room modernisation		 programme.

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28 Capital commitments 2020 2019
E E.
At 31August 2020 the charitable company had capital commitmsnts as
follows:
Contracted
for but not provided		 in the financial statements:
Acquisition
of property,
plant and equipment		 16,887
29 Operating
lease commitments
At the reporting
end date the charitable		 company had outstanding commitments for future
minimum		 lease
payments
under non-cancellable		 operating leases, which fall due as follows:
2020f 2019
f
Within one year 25,505 14,268
Between two and five years 46,858 21,395
72,363 35,663
30 Related party transactions
Remuneration
ofkey management		 personnel
The remuneration
of key management		 personnel, is as follows.
2020
E		 2019f
Aggregate
compensation		 431,422 401,506

31 Analysis
ofchanges
In net funds		 Analysis
ofchanges
In net funds		 Analysis
ofchanges
In net funds
At 1 September Cash flows At 31August
2010 2020f
Cash at bank and
in hand		 236,229 598,368 834,597
Loans falling due within one year (13,152) (588) (13,740)
Loans falling due after more than one year (211,763) 14,376 (197,387)
11,314 612,156 623,470
32 Cash generated
from operations		 2020
f		 2019
f
Surplus/(deficit)
for the year		 88,386 (225,406)
Adjustments
for:
Investment
income recognised		 in statement offinancial activities (21,964) (41,585)
Gain on disposal oftangible
fixed assets		 (1,898)
Gain on disposal ofinvestments (2,131) (13,496)
Fair value gains and losses on investments 202 17,962
Depreciation
and impairment
of tangible		 fixed assets 153,585 133,509
Pension
deficit		 6,000 120,000
Movements
in working
capital:
Decrease/(increase)
in debtors		 368,890 (389,439)
(Decrease)/increase
in creditors		 (163,213) 99,418
Increase/(decrease)
in deferred		 income 176,062 (115,187)
Cash generated
from/(absorbed		 by) operations 603,919 (414,224)