##
##
|||CHAFYN|GROVE|GROVE|GROVE|S HOOL|S HOOL|S HOOL||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||LIMITED|BYGUARA||||TEE|||||||
|||GOVERNORS' REP||RT||AND|ACCOU|||T||||
|||RTHE YEAR|END||D|I||UST||2021||||
|Governors:||*/+ Mm H RLello|||(Chairman)|||||||||
|||+ TYGriffiths
Esq
*N Jones Esq|||(Vice Chairman)|||||||||
|||+/ M Mortimer Esq||||||||||||
|||*/ M RD Roller Esq
* M EC Wordsworth|Esq|||||||||||
|||+/ Mrs A Perry||||||||||||
|||* Mrs D L Coveney||||||||||||
|||Mrs SL Pitcairn||||||||(Appointed||I December 2020)||
|||' denotes a member ofthe||Finance Committee||||||||||
|||+denotes amember ofthe||Education|||Committee|||||||
|||/ denotes a member of|the Governance||||&|Nominations|||Committee|||
|Officers||||||||||||||
|lleadmaster:||SHead Esq||||||||||||
|Bursar and||||||||||||||
|Clerk to the|Governors|Mrs M L Davies||||||||||||
|Address:||Bourne Avenue||||||||||||
|||Salisbury||||||||||||
|||Wiltshire SPI
ILR||||||||||||
|Advisers||||||||||||||
|Bankem:||Lloyds TSBpic, 38 Blue|||Boar Row,|||Salisbury SPI|||I|DB||
|Auditotsn||Fletcher &Partners,
Crown||||Chambers,|||Bridge Street,|||Salisbury|SPI 2LZ|
|Registered|Numbers|||||||||||||
|Charity No:||1119907||||||||||||
|Company No:||06267911||||||||||||
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|||General|Designated|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|
||Note|Fund|Fund|Fund|Fund|2021|2020|
|INCOME FROM:||||||||
|Grants and donations|2|19,001||||19,001|245,777|
|Charitable
activity-||||||||
|Operation
ofthe school||||||||
|School fees||2,467,173||||2,467,173|2,610,070|
|Pupils' extras||252,103||||252,103|177,285|
|Other income||4,000||||4,000|4,231|
|Other trading
activities
Lettings||35,441||||35.441|31,522|
|School shop sales
Investments||5,015
I||||5,015
I|29,428
817|
|Other||||||||
|Profit on disposal ofassets||1,400||||1,400||
|Total||2,784,134||||2,784,134|3,099,130|
|EXPENDITURE ON:||||||||
|Raising funds||8,063||||8,063|37,992|
|Charitable
activity||||||||
|Costs ofoperation ofthe school||2,803,937|||94,815|2,898,752|3,270,526|
|||2,812,000|||94,815|2,906,815|3,308,518|
|Net (expenditure)
before gains||||||||
|on investments||(27,866)|||(94,815)|(122,681)|(209,388)|
|Net gains on investments
Realised|||||||384|
|Nct (expenditure)||(27,866)|||(94,815)|(122,681)|(209,004)|
|Transfers
between
funds|13|(24,215)|||24,215|||
|Net movement
ln funds||(52,081)|||(70,600)|(122,681)|(209,004)|
|Total funds brought
forward|19|622,536|62,909|6,817|3,021,860|3,714,122|3,923,126|
|Total funds carried forward||f570,455|f62,909|f6,817|82,951,260|83,591,441|f3,714,122|
##
||||The Group|The Group|The Company|The Company|
|---|---|---|---|---|---|---|
|||Note|2021|2020|2021|2020|
|INCOME|||||||
|School fees||lc|2,719,276|2,787,355|2,719,276|2,787,355|
|Lettings|||35,441|31,522|30,572|32,672|
|School shop sales|||5,015|29,428|||
|Grants and donations|||19,001|245,777|19,001|245,777|
|Other income|||4,000|4,231|4,000|4,231|
|Gains on investments||||384||384|
|Interest
and investment|income||I|817|I|817|
|Profit on the sale offixed assets|||1,400||1,400||
||||2,784,134|3,099,514|2,774,250|3,071,236|
|EXPENDITURE|||||||
|Staffcosts||5|2,137,147|2,536,042|2,132,835|2,522,012|
|Other external
charges|||603,043|604,281|597,870|579,222|
|Interest payable
and similar charges||3|13,307|15,809|13,307|15,809|
|Depreciation oftangible|fixed assets||153,318|152,386|153,318|152,386|
||||2,906,815|3,308,518|2,897,330|3,269,429|
|TOTAL NET (EXPENDITURE)|||||||
|FOR THE FINANCIAL YEAR|||(122,681)|(209,004)|(123,080)|(198,193)|
|Borne from endowment
funds|||94,815|94,774|94,815|94,774|
|NET (EXPENDITURE)|||||||
|FOR THE FINANCIAL YEAR|||($27,866)|(f.114,230)|(f28,265)|(f103,419)|
##
|||||The Group|The Group|The Company|The Company|
|---|---|---|---|---|---|---|---|
|||||2021|2020|2021|2020|
|FIXEDASSETS||||||||
|Tangible
fixed assets|||6|4,477,963|4,598,630|4,477,963|4,598,630|
|Investments|||7|||I|I|
|||||4,477,963|4,598,630|4,477,964|4,598,631|
|CURRENT ASSETS||||||||
|Stock||||2,661|6,151|1,303|1,060|
|Debtors|||8|127,880|129,618|166,191|164,303|
|Cash at bank and in hand||||39,560|38,612|1,231|16,403|
|||||170,101|174,381|168,725|181,766|
|CREDITORS: Amounts|falling|due||||||
|within one year||||693,673|621,172|681,884|617,744|
|NET CURRENT ASSETS/(LIABILITIES)||||(523,572)|(446,791)|(513,159)|(435,978)|
|TOTAL ASSETSLESSCURRENT LIABILITIES||||3,954,391|4,151,839|3,964,805|4,162,653|
|CREDITORS: Amounts|falling|due||||||
|after niore than one year|||10|362,724|434,402|362,724|434,402|
|PROVISIONS FOR LIABILITIES|||12|226|3,315|226|3,315|
|NET ASSETS||||K3,591,441|f3,714,122|K3,601,855|K3,724,936|
|CAPITAL AND RESERVES||||||||
|Endowment
Fund|||13|2,951,260|3,021,860|2,951,260|3,021,860|
|Designated
Funds|||14|62,909|62,909|62,909|62,909|
|Restricted
Funds|||15|6,817|6,817|6,817|6,817|
|General Fund:||||||||
|Income and Expenditure||Account||570,455|622,536|580,869|633,350|
|TOTAL CAPITAL AND|RESERVES|||f3,591,441|K3,714,122|K3,601,855|f3,724,936|
##
|||Note|2021|2021|||2020|2020|
|---|---|---|---|---|---|---|---|---|
|CASH FLOWS FROM OPERATING|ACTIVITIES||||||||
|Net cash (used in)|||||||||
|opeiating
activities||a|||(89,752)|||(42,310)|
|CASH FLOWS FROM INVESTING|ACTIVITIES||||||||
|Dividends
and interest
fiom investments|||||||817||
|Proceeds from the sale ofproperty,|||||||||
|plant and equipment|||1,400||||||
|Purchase ofproperty,
plant and equipment|||(32,651)||||(42,134)||
|Net cash (used in)|||||||||
|investing
activities|||||(31,250)|||(41,317)|
|CASH FLOWS FROM FINANCING|ACTIVITIES||||||||
|Repayment
ofbank loans|||(48,430)||||(46,444)||
|Interest paid|||(16,396)||||(21,084)||
|Net cash (used in)|||||||||
|financing
activities|||||(64,826)|||(67,528)|
|CHANGE IN CASH AND CASH EQUIVALENTS|||||||||
|IN THE REPORTING PERIOD||b||(XI85,828)||||(f151,155)|
|NOTES TO THE CASH FLOW STATEMENT|||||||||
|Reconciliation ofnet (expenditure)|||||||||
|with net cash flow from operating||activities|||2021|||2020|
|Net (expenditure)
for the reporting|period||||||||
|(as per the statement offinancial
activities)|||||(122,681)|||(209,004)|
|Adjustments
for:|||||||||
|Depreciation
and impairment
charges|||||153,318|||152,386|
|(Gains) on investments||||||||(384)|
|Dividends
and interest from investments|||||(I)|||(817)|
|Interest paid|||||16,396|||21,084|
|(Profit) on disposal offixed assets|||||(1,400)||||
|Decrease in stock|||||3,490|||16,296|
|Decrease/(increase)
in debtors|||||1,738|||(22,371)|
|(Decrease)/increase
in creditors|||||(137,523)|||5,774|
|(Decrease) in provisions|||||(3,089)|||(5,274)|
|Net cash flow (used in) operating
activities|||||(889,752)|||(f42,310)|
|Analysis
ofchanges
in net debt||A|1.9.2tl|C|h tl|~thh|h|A 31.8.21|
|Cash at bank and in hand including|overdratls||38,612||(185,828)|||(147,216)|
|Debt due within one year|||(52,146)||48,430||(50,461)|(54,177)|
|Debt due after more than one year||(334,169)|||||50,461|(283,708)|
|||X(347,703)||g(137,398)||||g(485,101)|
##
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|2.|GRANTS AND|DONATIONS|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||2021||2020|
||Government
Grants - Coronavirus|||Job Retention
Scheme||||||14,790||231,355|
||Donations|||||||||4,211||14,422|
|||||||||||f 19,001||f245,777|
|3.|ANALYSIS OF|TOTAL EXPENDITURE
2 ffC«D~ii|||||00|C «T||12021|T|12020|
||Raising funds||||||||||||
||School Shop cost ofsales|||4,312||||3,751||8,063||37,992|
||Charitable
activity-operation||of|the school|||||||||
||Direct costs:||||||||||||
||Teaching staff|||1,452,735||||||1,452,735|1,763,042||
||Educational
costs|||||||62,687||62,687||70,742|
||Cost ofextras|||99,754||||115,335||215,089||167,296|
||Household|||276,807||||165,549||442,356||460,879|
||Establishment|||85,835||153,318||125,871||365,024||405,458|
|||||1,915,131||153,318|469,442||2,537,891||2,867,417||
||Support costs ofschooling:||||||||||||
||School administration|||195,934||||111,048||306,982||322,784|
||Interest payable|||||||13,307||13,307||15,809|
||Governance|costs (note 4)||21,770||||18,802||40,572||64,516|
|||||217,704||||143,157||360,861||403,109|
||Costs ofoperation|ofthe school||2,132,835||153,318||612,599|2,898,752||3,270,526||
|||||f2,137,147|f153,318||f616,350||f2,906,815||f3,308,518||
##
|||||2021|2020|
|---|---|---|---|---|---|
|Staffcosts||||21,770|22,386|
|Legal and|professional|fees||10,486|34,030|
|Auditors'|remuneration:||Audit|8,316|8,100|
||||Other seivices|||
|||||840,572|f64,516|
##
|STAFF COSTS|||
|---|---|---|
||2021|2020|
|Wages and salaries|1,809,421|2,043,864|
|Social security costs|144,282|170,400|
|Pension costs|183,444|321,778|
||f2,137,147|f2,536,042|
##
##
|The|number ofemployees|whose emoluments|(excluding|employer|pension contributions)|exceeded f60,000 were:|exceeded f60,000 were:|
|---|---|---|---|---|---|---|---|
|||||||2021|~22|
||f80,000 - f90,000|||||I|I|
|For|this one employee (2020:one), retirement||benefits are acciuing||in the Teachers' Pension Scheme.|||
|The|contributions
amounted|to:||||f14,299|f21,013|
|average nu|mbers ofemp|loyee|s
(some part time only), analysed
by f|unction, were:||
|---|---|---|---|---|---|
||||||2tt2l|
|Teaching||||36|43|
|Household,|establishment|and|administration|34|38|
|Peripatetics||||12|13|
|||||82|94|
##
|TANGIBLE FIXEDASS|ETS(COMPAN|Y AND GROU|P)||||
|---|---|---|---|---|---|---|
||Freehold||||||
||Land and
~lid'|Temporary
~BEB|Motor
Vehicles|Sports
F
IIII|Furniture
dt'd
~E|Total|
|COST|||||||
|At I September 2020|6,157,812|56,538|122,204|488,872|829,515|7,654,941|
|Additions|||||32,651|32,651|
|Disposals|||||(12,000)|(12,000)|
|At 31 August 2021|6,157,812|56,538|122,204|488,872|850,166|7,675,592|
|DEPRECIATION|||||||
|At I September 2020|1,681,863|56,538|122,204|453,234|742,472|3,056,311|
|Charge for the year|111,483|||13,125|28,710|153,318|
|Disposals|||||(12,000)|(12,000)|
|At 31 August 2021|1,793,346|56,538|122,204|466,359|759,182|3,197,629|
|NET BOOK VALUE|||||||
|At 31 August 2021|f4,364,466|f,-|f-|f22,513|f90,984|f4,477,963|
|At 31August 2020|f4,475,949|||f35,638|f87,043|f4,598,630|
##
##
|Investment||
|---|---|
|ha|Total|
|f.I|f.I|
||Investment
income|consists of;-|consists of;-|||2021|2020|
|---|---|---|---|---|---|---|---|
||Dividends
receivable||on UK listed securities||||522|
||Interest receivable|on|cash deposits||||295|
|||||||Kl|f817|
|8.|DEBTORS|||The|Group|The Company||
|||||2021|2020|2021|2020|
||Fees and extras|||69,849|41,591|69,849|41,591|
||Prepayments|||19,413|16,910|19,413|16,910|
||Amount
due from|subsidiary||||49,101|38,822|
||Other debtom|||38,618|71,117|27,828|66,980|
|||||K127,880|8129,618|f.166,191|f.164,303|
|CREDITORS:|Amounts|falling due wi|thin one year||||
|---|---|---|---|---|---|---|
||||The|Group|The Company||
||||2021|2020|2021|2020|
|Bank loans (note 10)|||54,177|52,146|54,177|52,146|
|Bank overdratt|||186,776||186,776||
|Fees and extras|received|in advance|287,631|272,279|287,631|272,279|
|Trade creditors|||80,351|143,039|71,628|140,361|
|Social security|and other|taxation|36,710|41,516|36,710|41,516|
|Accruals|||48,028|112,192|44,962|111,442|
||||f693,673|6621,172|f681,884|f617,744|
##
##
|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|10.|CREDITORS: Amounts|falling due after|||more than one year (Company||||and Group)|||
|||||||||||2021|2020|
||Fees and deposits received||in advance|||||||79,016|100,233|
||Bank loans|||||||||283,708|334,169|
|||||||||||f362,724|f434,402|
||The bank loans aie secured||by legal charges||over the school's freehold property.|||||||
||These loans are repayable
as follows:|||||||||2021|2020|
||Within one year|||||||||54,177|52,146|
||Between one and two yeatu|||||||||52,566|50,691|
||Between two and five years|||||||||169,306|163,235|
||In more than five years|||||||||61,836|120,243|
|||||||||||8337,885|8386,315|
||The school has entered
into||an interest|rate swap and fixed rate||||loan agreements||so as to fix the interest rates||
||on these loans as follows:|||||||||||
|||||||||||2021|2020|
||Fixed at 4.525'/s||until 29 September|||2022||||195,353|222,556|
||Floating at base||plus 2.25a o|||||||142,532|163,759|
|||||||||||8337,885|8386,315|
|11.|DEFERRED INCOME|||||||||||
|||||||||||2021|2020|
||Brought foiward
at 1 September 2020|||||||||276,775|340,994|
||Released
in the year|||||||||(265,779)|(324,311)|
||Deferred
in the year|||||||||266,845|260,092|
||Carried forward
at 31 August 2021|||||||||8277,841|8276,775|
||Defeived
income ivpresents||pupil fees reccivcd|||in advance|for future yemu.|||||
|12.|PROVISIONS FOR LIABILITIES AND CHARGES||||||||||Interest|
||||||||||||~rate swa|
||Brought forward provisions||at
1 September 2020||||||||3,315|
||Additions|||||||||||
||Amounts
charged
against provision||||||||||(3,089)|
||Carried forward
provisions||at 31August|2021|||||||f226|
||Details ofinterest arrangements
are disclosed||||in|note 9.||||||
|13.|ENDOWMENT
FUND|||||||||||
||||||||Income/|||Transfer from||
|||||At|1.9.20||~Ex|nditure)||General Fund|At 31.8.21|
||The Galloway
Bumary fund||||7,544||||||7,544|
||Capital Account|||75,585|||||||75,585|
||Accumulated
Reserves|||2,938,731||||(94,815)||24,215|2,868,131|
|||||f3,021,860|||f(94,815)|||824,215|82,951,260|
##
##
||||As at 1.9.20|Income|~230|~230|2|33.3.23|
|---|---|---|---|---|---|---|---|---|
|Scotia-Bursary
Fund|||36,207|||||36,207|
|M Galloway
Fund|||24,967|||||24,967|
|Miss Mills Memorial|Fund||1,735|||||1,735|
||||f62,909|||||f62,909|
|RESTRICTED FUND|||||||||
||||At 1.9.20|Income|~E*|d||At 31.8.21|
|The Buckley Bursary|Fund||1,694|||||1,694|
|The Galloway
Bursary|fund||5,123|||||5,123|
||||f6,817|||||f6,817|
|These bursary
funds are for the purposes ofrelieving|||hardship.||||||
|ANALYSIS OF NET ASSETSBETWEEN FUNDS|||||||||
|||Geneml|Designated|Restricted|Endowment|||Total|
|||Fund|Fund|Fund||Fund||Funds|
|Land and buildings||1,251,807|||3,112,659|||4,364,466|
|Other tangible
fixed assets||113,497||||||113,497|
|Current
assets||92,830|62,909|6,817||7,545||170,101|
|Current
liabilities||(666,583)||||(27,090)||(693,673)|
|Long term liabilities||(220,870)||||(141,854)||(362,724)|
|Provisions
for liabilities||(226)||||||(226)|
|||f570,455|f62,909|f6,817|f2,951,260|||f3,591,441|
##
##
##
##
|||||2021|2020|
|---|---|---|---|---|---|
|Amounts|due|within one year||19,076|14,353|
|Amounts|due|between|two and five years|16,893|24,626|
|||||f35,969|f38,979|
##
##
|18.COMPARATIVE
FUND MOVEMENT
FOR THK YEAR ENDED 31 AUGUST|S
2020|||||
|---|---|---|---|---|---|
||General|Designated|Restricted|Endowment|Total|
||Fund|Fund|Fund|Fund|2020|
|INCOME FROM:||||||
|Grants and donations|245,777||||245,777|
|Charitable
activlty-||||||
|Operatlon ofthe school||||||
|School fees|2,610,070||||2,610,070|
|Pupils' extras|177,285||||177,285|
|Other income|4,231||||4,231|
|Other trading
activities||||||
|Lettings|31,522||||31,522|
|School shop sales|29,428||||29,428|
|Investments|817||||817|
|Total|3,099,130||||3,099,130|
|EXPENDITURE ON:||||||
|Raising funds|37,992||||37,992|
|Charitable
activity||||||
|Costs ofoperation ofthe school|3,175,711|||94,815|3,270,526|
||3,213,703|||94,815|3,308,518|
|Net (expenditure)
before gains||||||
|on investments|(114,573)|||(94,815)|(209,388)|
|Net gains on investments||||||
|Realised||343||41|384|
|Net laconic/(expenditure)|(114,573)|343||(94,774)|(209,004)|
|Transfers
between
funds|(23,222)|||23,222||
|Net movement
in funds|(137,795)|343||(71,552)|(209,004)|
|Total 1'unde brought
forward|760,331|62,566|6,817|3,093,412|3,923,126|
|Total funds carried forward|8622,536|f62,909|f6,817|f3,021,860|f3,714,122|
|19.COMPARATIVE ANALYSIS OF NKT|ASSETSBETWEEN FUNDS|||||
|AS AT31AUGUST 2020||||||
||General|Designated|Restricted|Endowment|Total|
||Fund|Fund|Fund|Fund|Funds|
|Land and buildings|1,268,475|||3,207,474|4,475,949|
|Other tangible
fixed assets|122,681||||122,681|
|Current
assets|97,110|62,909|6,817|7,545|174,381|
|Current
liabilities|(595,098)|||(26,074)|(621,172)|
|Long term liabilities|(267,317)|||(167,085)|(434,402)|
|Provisions
for liabilities|(3315)||||(3315)|
||f622,536|f62,909|X6,817|f3,021,860|f3,714,122|
##
##