## 



## 



## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

## 



## 

## 

## 

## 

## 

## 

## 



## 



## 

## 



## 

## 

## 



## 



## 

## 



## 

## 



## 

## 

## 

## 



## 

## 

## 



## 

## 

## 

## 



## 



## 



## 

## 

## 

## 

## 

## 




11/01/2021 



## 

||_Notes _|Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|
|||funds|funds|funds|2020|2019|
|||£|£|£|£|£|
|**Incomeand endowments from: **|||||||
|**Donations and legacies **||32,480|933,437||965,917|460,925|
|**Charitable activities: **|||||||
|Schoolfees||14,642,200|||14,642,200|11,985,853|
|Othereducationalincome||63,783|||63,783|66,048|
|Otherancillarytradingincome||1,164,344|||1,164,344|885,693|
|**Investments **|2|1,190,201|12,733|19,879|1,222,813|1,390,206|
|**Charitable Gift from Saint **|||||||
|**Martin's (Solihull) Limited **|4|8,712,465|||8,712,465||
|TotalIncome||25,805,473|946,170|19,879|26,771,522|14,788,725|
|**Expenditure on: **|||||||
|**Raising funds **||(185,030)|||(185,030)|(203,275)|
|**Charitable activities: **|||||||
|School operating costs||(17,916,447)|(128,974)|(12,768)|(18,058,189)|(13,853,649)|
|TotalExpenditure|3,14,15|(18,101,477)|(128,974)|(12,768)|(18,243,219)|(14,056,924)|
|**Net (losses)/gains on investments: **|||||||
|Net(losses)/gainsoninvestment|||||||
|properties||(900,851)|||(900,851)|183,936|
|Net(losses)/gainsonother|||||||
|Investments||(127,869)||(52,747)|(180,616)|23,505|
|**Totalnet (losses)/gains on **|||||||
|**investments **||(1,028,720)||(52,747)|(1,081,467)|207,441|
|**Net income and net movement in **|||||||
|**funds **||6,675,276|817,196|(45,636)|7,446,836|939,242|
|**Reconciliation of funds: **|||||||
|Totalfundsbroughtforward||48,611,693|574,315|536,754|49,722,762|48,783,520|
|**Totalfunds carried forward **||55,286,969|1,391,511|491,118|57,169,598|49,722,762|





## 

||_Notes _|<br>2020|2019|
|---|---|---|---|
|||£|£|
|**Fixed assets **||||
|Tangibleassets|8|39,666,327|30,110,778|
|Investments|9|19,058,896|19,663,196|
|||58,725,223|49,773,974|
|**Current assets **||||
|Debtors|10|1,503,095|740,424|
|Shorttermdeposits||376,901|1,887,222|
|Cashatbankandin hand||2,489,789|2,063,996|
|||4,369,785|4,691,642|
|**Creditors: **Amountsfallingduewithinoneyear|11|(4,661,580)|(3,299,587)|
|**Net current (liabilities)/assets **||(291,795)|1,392,055|
|**Total assets less current liabilities **||58,433,428|51,166,029|
|**Creditors: **Amountsfallingdue aftermorethanoneyear|12|(1,263,830)|(1,443,267)|
|**Total net assets **||57,169,598|49,722,762|
|**The funds of the Group: **||||
|Endowment|16|491,118|536,754|
|Restricted|15|1,391,511|574,315|
|Unrestricted|14|55,286,969|48,611,693|
|**Total Groupfunds **||57,169,598|49,722,762|





||_Notes _|<br>2020|2019|
|---|---|---|---|
|||£|£|
|**Fixed assets **||||
|Tangibleassets|8|39,666,327|30,110,778|
|Investments|9|19,058,897|19,663,197|
|||58,725,224|49,773,975|
|**Current assets **||||
|Debtors|IO|1,516,095|771,898|
|Shorttermdeposits||376,901|1,887,222|
|Cashatbankandinhand||2,422,497|2,030,584|
|||4,315,493|4,689,704|
|**Creditors: **Amountsfallingduewithinoneyear|11|(4,695,024)|(3,299,077)|
|**Netcurrent (liabilities)/assets **||(379,531)|1,390,627|
|**Total assets less current liabilities **||58,345,693|51,164,602|
|**Creditors: **Amountsfallingdueaftermorethanoneyear|12|(1,263,830)|(1,443,267)|
|**Total net assets **||57,081,863|49,721,335|
|**The funds of the charity: **||||
|Endowment|16|491,118|536,754|
|Restricted|15|1,391,511|574,315|
|Unrestricted|14|55,199,234|48,610,266|
|**Total charityfunds **||57,081,863|49,721,335|






## 

||**2020**|**2019**|
|---|---|---|
||£|£|
|**Cash flows from operating activities: **|||
|Netcash usedinoperatingactivities|(367,070)|(1,234,032)|
|**Cash flows from investing activities: **|||
|Dividends, interestandotherincomefrominvestments|1,202,934|1,367,128|
|Purchaseofinvestments|(2,132,849)|(421,404)|
|Purchaseofinvestmentproperties||(861,064)|
|Proceedsfromsalesofinvestments|1,141,277|3,191,689|
|Proceedsfromsalesofinvestmentproperties|1,064,149||
|Purchaseoftangiblefixedassets|(3,580,745)|(980,710)|
|GiftofcashfromSaintMartin's(Solihull)Ltd.|1,780,353||
|**Net cash (used in)/generated by investing activities **|(524,881)|2,295,639|
|**Cash flows from financing activities **|||
|(Payments)/receiptsofendowment|(45,637)|18,681|
|**Change in cash and cash equivalents in the reporting period **|**(937,588) **|**1,080,288 **|
|**Cash and cash equivalents at the beginning of the **|||
|**reporting period **|**4,085,546 **|**3,005,258 **|
|**Cash and cash equivalents at the end of the reporting **|||
|**period **|**3,147,958 **|**4,085,546 **|
|**Reconciliation of netincome/(expenditure) to net cash **|||
|**flow from operating activities **|||
|Netincome/(expenditure)forthereportingperiod|7,446,836|939,242|
|**Adjustments for: **|||
|Depreciationcharges|1,083,964|607,358|
|Net(incoming)/outgoingendowmentresource|45,637|(18,681)|
|Losses/(gains)oninvestments|1,081,467|(207,441)|
|Dividends,interestandotherincomefrominvestments|(1,190,201)|(1,367,128)|
|Decrease/(increase) indebtors|701,172|(296,565)|
|Decreaseincreditors|(823,480)|(890,817)|
|CharitablegiftfromSaintMartin's(Solihull)Ltd.|(8,712,465)||
|**Netcash used in operating activities **|**(367,070) **|**(1,234,032) **|
|**Analysis of changes in cash and cash equivalents **|**2020 **|**2019 **|
||£|£|
|Cashatbank|2,489,789|2,063,996|
|Cashawaitingreinvestment|281,268|134,328|
|Shorttermdeposits|376,901|1,887,222|
|Totalcashandcashequivalents|**3,147,958**|**4,085,546 **|





## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 



## 

||Unrestricted|Restricted|Endowment|Total|
|---|---|---|---|---|
||funds|funds|funds|2019|
||£|£|£|£|
|**Incomeand endowments from: **|||||
|**Donations and legacies **|32,786|428,139||460,925|
|**Charitable activities: **|||||
|School fees|11,985,853|||11,985,853|
|Othereducationalincome|66,048|||66,048|
|Otherancillarytradingincome|885,693|||885,693|
|**Investments **|1,365,533|1,595|23,078|1,390,206|
|TotalIncome|14,335,913|429,734|23,078|14,788,725|
|**Expenditure on: **|||||
|**Raising funds **|(203,275)|||(203,275)|
|**Charitable activities: **|||||
|Schooloperatingcosts|(13,750,828)|(81,005)|(21,816)|(13,853,649)|
|TotalExpenditure|(13,954,103)|(81,005)|(21,816)|(14,056,924)|
|**Net gains/(losses) on **|||||
|**investments: **|||||
|Net(losses)/gainsoninvestment|||||
|properties|183,936|||183,936|
|Netgainsonotherinvestments|6,086||17,419|23,505|
|**Totalnet gains on investments **|190,022||17,419|207,441|
|**Net income and net movement **|||||
|**in funds **|571,832|348,729|18,681|939,242|
|**Reconciliation of funds: **|||||
|Totalfundsbrought forward|48,039,861|225,586|518,073|48,783,520|
|**Totalfunds carried forward **|48,611,693|574,315|536,754|49,722,762|





## 

|2|INVESTMENTINCOME|Unrestricted|<br>Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|
|||Funds|Funds|Funds|2020|2019|
|||£|<br>£|£|£|£|
||Investment income||||||
||compr1ses:||||||
||Incomefrom|219,696|<br>12,733|19,879|252,308|290,347|
||investmentslisted ona||||||
||recognisedstock||||||
||exchange||||||
||Incomefrominvestment|954,379|||954,379|1,069,055|
||properties||||||
||Bankandotherinterest|16,126|||16,126|30,804|
|||1,190,201|12,733|19,879|1,222,813|1,390,206|
|3|EXPENDITURE||||||
|||Staff||Other|Total|Total|
|||costs|Depreciation|<br>costs|2020|2019|
|||£|<br>£|<br>£|£|£|
||Raising funds:||||||
||Investmentmanagement|||185,030|185,030|203,275|
||Charitable activities:||||||
||Schooloperatingcosts|12,199,329|<br>1,083,964|<br>4,563,003|17,846,296|13,602,356|
||Governancecosts|39,228||172,665|211,893|251,293|
|||12,238,557|1,083,964|<br>4,920,698|18,243,219|14,056,924|
||||||2020|2019|
||||||£|£|
||Totalsupport|costsincludedin|expenditureare||1,603,059|1,191,522|





|(Solihull)Limited:||||
|---|---|---|---|
||Bookvalue|Fairvalue|Gift|
||acquired|adjustments|recognised|
||£|£|£|
|Tangiblefixedassets|4,550,445|2,519,281|7,069,726|
|Investments|401,776||401,776|
|Investmentsinsubsidiary|500||500|
|Debtors|1,463,842||1,463,842|
|TradeCreditors|(24,163)||(24,163)|
|OtherCreditors|(1,731,402)||(1,731,402)|
|Accruals|(130,149)||(130,149)|
|Pensionschemeliability|(118,017)||(118,017)|
|Cash|1,780,352||1,780,352|
|**Total **|**6,193,184 **|**2,519,281 **|**8,712,465 **|
|STAFFCOSTS||2020|2019|
|||Number|Number|
|TheaveragemonthlynumberofpersonsemployedbytheGroup||||
|duringtheyearwas:||||
|Academic||173|121|
|Non-academic||72|51|
|||245|172|
|||2020|2019|
|||£|£|
|Staffcostsforabovepersons:||||
|Wages andsalaries||9,579,703|6,901,121|
|Socialsecuritycosts||944,546|703,723|
|Otherpensioncosts||1,714,308|936,440|
|||12,238,557|8,541,284|





## 

|Thenumberofemployeeswho receivedemolumentsinthefollowing|2020|2019|
|---|---|---|
|bandswere:|Number|Number|
|£60,001-£70,000|2|4|
|£70,001-£80,000|4|1|
|£80,001-£90,000||1|
|£90,000-£100,000|2|1|
|£100,001-£110,000|1||
|£110,001-£120,000|1||
|£170,001-£180,000|||
|£190,001-£200,000|||



|MOVEMENTINFUNDSFORTHEYEAR|2020|2019|
|---|---|---|
||£|£|
|Themovementinfundsforthefinancialyearisaftercharging:|||
|Auditors'remuneration|||
|Forauditservices|52,878|21,885|
|Otherfinancialservices|15,480|46,740|
|Depreciationoftangiblefixedassets|||
|Ownedassets|1,083,964|607,358|
|Staffcosts(seenote5)|12,238,557|8,541,284|
|Operatingleaserentals|52,148|51,098|
|Baddebtcharge|198,485|55,747|
|Trusteeindemnityinsurance|883|912|





||_Freehold _|_Long _|_Furniture _||_Assets in _||
|---|---|---|---|---|---|---|
||_land and _|_Leasehold _|_and _|_Computer _|_course of _||
||_buildings _||_equipment _|_equipment _|_construction_|_Total _|
||£||£|£|£|£|
|Costorvaluation|||||||
|ISeptember2019|27,303,601||3,422,344|734,655|617,607|32,078,207|
|Additions|2,569,132||833,906|153,695|24,012|3,580,745|
|Charitablegiftfrom|||||||
|SaintMartin's|||||||
|(Solihull)Ltd.|7,401,446|1,111,413|1,168,071|243,494||9,924,424|
|Eliminations|||(118,741)|(271,934)|<br>(10,958)|(401,633)|
|Transfers|606,649||||(606,649)||
|31August2020|37,880,828|1,111,413|5,305,580|859,910|24,012|45,181,743|
|Depreciation|||||||
|1September2019|191,293||1,309,811|466,325||1,967,429|
|Chargedintheyear|457,788||449,057|177,119||1,083,964|
|Charitablegiftfrom|||||||
|SaintMartin's|||||||
|(Solihull)Ltd.|1,378,114|434,745|895,021|146,818||2,854,698|
|Eliminations|||(118,741)|(271,934)||(390,675)|
|31August2020|2,027,195|434,745|2,535,148|518,328||5,515,416|
|Netbookvalue|||||||
|31August2020|35,853,633|676,668|2,770,432|341,582|24,012|39,666,327|
|31August2019|27,112,308||2,112,533|268,330|617,607|30,110,778|
|Grossdepreciablevalue|||||||
|31August2020|33,556,524|1,111,413|5,305,580|859,910||40,833,427|
|31August2019|1,104,256||3,422,344|734,655||5,261,255|





## 

|9|INVESTMENTS||Group||Charity|
|---|---|---|---|---|---|
|||2020|<br>2019|2020|<br>2019|
|||£|<br>£|£|<br>£|
||Investmentpropertiesatfairvalue|11,066,000|<br>13,031,000|11,066,000|<br>13,031,000|
||Listedandotherinvestmentsatfair|||||
||value|7,992,396|<br>6,632,196|7,992,396|<br>6,632,196|
||Investmentinsubsidiaries andjoint|500||501|1|
||venturesatcost|||||
|||19,058,896|<br>19,663,196|19,058,897|<br>19,663,197|
||Analysedasfollows:|||2020|<br>2019|
|||||£|<br>£|
||Investmentpropertiesatfairvalue:|||||
||Broughtforward|||13,031,000|<br>11,986,000|
||Additionsatcost||||861,064|
||Disposalproceeds|||(1,064,149)||
||Net(loss)/gainoninvestmentproperties|||(900,851)|<br>183,936|
||At31August|||11,066,000|<br>13,031,000|



||2020|2019|
|---|---|---|
||£|£|
|Listedandotherinvestmentsatfairvalue:|||
|Broughtforward|6,632,196|9,375,503|
|Additionsatcost|2,133,349|421,404|
|CharitableGiftfromSaintMartin's(Solihull)Ltd|401,776||
|Disposalproceeds|(1,141,277)|(3,191,689)|
|Net(loss)/gainoninvestments|(180,616)|23,505|
|Disposalproceedsawaitingreinvestment|146,968|3,473|
|At31August|7,992,396|6,632,196|





|||||2020||2019|
|---|---|---|---|---|---|---|
|||||`£`||`£`|
||Listedandotherinvestmentsatfairvaluecomprise:||||||
||Listedinvestments||7,711,128||<br>6,497,868||
||Cashawaiting reinvestment||281,268||<br>134,328||
||||7,992,396||<br>6,632,196||
|10|DEBTORS|Group|||Charity||
|||2020|2019|2020||2019|
|||£|£||£|£|
||Otherdebtors|101,726|8,654|100,130||8,654|
||AmountduefromGroup undertakings|||14,796||31,474|
||Prepayments andaccruedincome|1,401,369|731,770|1,401,169||731,770|
|||1,503,095|740,424|1,516,095||771,898|
|11|CREDITORS:Amountsfallingduewithinone||Group|||Charity|
||year||||||
|||2020|<br>2019||2020|<br>2019|
|||£|<br>£||£|<br>£|
||Trade creditors|433,862|<br>283,502||433,862|<br>283,502|
||Othercreditors|402,580|<br>361,272||402,580|<br>361,272|
||Refundableparentdeposits|553,450|<br>438,500||553,450|<br>438,500|
||Othertaxandsocialsecuritycreditors|298,477|<br>180,396||298,477|<br>180,396|
||Deferredincome|1,124,635|<br>1,495,000|<br>1,124,569||<br>1,495,000|
||Accruals|1,590,176|<br>307,656|<br>1,590,176||<br>307,146|
||Pensionschemecessationcreditor(LGPS)|238,810|<br>233,261||238,810|<br>233,261|
||Pensionschemecessationcreditor(TPT)|19,590|||19,590||
||AmountowedtoGroup undertakings||||33,510||
|||4,661,580|<br>3,299,587|<br>4,695,024||<br>3,299,077|





|12|CREDITORS:Amountsfallingdueaftermore||Group||Charity|
|---|---|---|---|---|---|
||thanoneyear|||||
|||2020|<br>2019|2020|<br>2019|
|||£|<br>£|£|<br>£|
||Deferredincome|20,693|<br>49,119|20,693|<br>49,119|
||Pensionschemecessationcreditor(LGPS)|1,155,338|<br>1,394,148|1,155,338|<br>1,394,148|
||Pensionscheme cessationcreditor(TPT)|87,799||87,799||
|||1,263,830|<br>1,443,267|1,263,830|<br>1,443,267|



||2020|2019|
|---|---|---|
||£|£|
|At1September|1,544,119|1,351,778|
|Fundsreceivedinyear|1,094,609|1,465,018|
|Amountsreleased|(1,493,400)|(1,272,677)|
|At31August|1,145,328|1,544,119|





## 

## 

|MOVEMENTONUNRESTRICTEDFUNDS(group)||||
|---|---|---|---|
||Designated|||
||Foundation|Revenue||
||Fund|account|Total|
||£|£|£|
|Balanceatthestartoftheyear|48,591,693|20,000|48,611,693|
|Income|1,180,847|24,624,626|25,805,473|
|Expenditure|(253,302)|(17,848,175)|(18,101,477)|
|Netincomebeforetransfers|49,519,238|6,796,451|56,315,689|
|Transferbetween funds|7,772,315|(7,772,315)||
|Transfer rebursaries/scholarships|(995,864)|995,864||
|Netincomebeforerevaluationsandinvestment||||
|assetdisposals|56,295,689|20,000|56,315,689|
|Netlossesoninvestments|(1,028,720)||(1,028,720)|
|Balanceattheendoftheyear|55,266,969|20,000|55,286,969|
|MOVEMENTONUNRESTRICTEDFUNDS(charity)||||
||Designated|||
||Foundation|Revenue||
||Fund|account|Total|
||£|£|£|
|Balanceatthestartoftheyear|48,590,266|20,000|48,610,266|
|Income|1,180,847|24,515,820|25,696,667|
|Expenditure|(253,302)|(17,825,677)|(18,078,979)|
|Netincomebeforetransfers|49,517,811|6,710,143|56,227,954|
|Transferbetweenfunds|7,686,007|(7,686,007)||
|Transferrebursaries/scholarships|(995,864)|995,864||
|Netincomebeforerevaluationsandinvestment||||
|assetdisposals|56,207,954|20,000|56,227,954|
|Netlossesoninvestments|(1,028,720)||(1,028,720)|
|Balanceattheendoftheyear|55,179,234|20,000|55,199,234|





## 

## 

## 

||E.G.||||
|---|---|---|---|---|
||Wilcox|Silhillian|Other||
||Fund|Fund|Restricted|Total|
||£|£|£|£|
|Balance atstartofyear|103,758|459,553|11,004|574,315|
|Totalincome|45,000|899,970|1,200|946,170|
|Totalexpenditure|(45,000)|(82,524)|(1,450)|(128,974)|
|Balanceatendofyear|103,758|1,276,999|10,754|1,391,511|






||Unrestricted|Restricted|Endowment||
|---|---|---|---|---|
||funds|funds|funds|Total|
||£|£|£|£|
|Fundbalancesat31August2020were:|||||
|Tangiblefixedassets|39,666,327|||39,666,327|
|Investments|18,567,778||491,118|19,058,896|
|Netcurrentliabilities|(1,683,306)|1,391,511||(291,795)|
|Liabilities:amountsfallingdueafter|||||
|morethanoneyear|(1,263,830)|||(1,263,830)|
||55,286,969|1,391,511|491,118|57,169,598|





## 

||Unrestricted|Restricted|Endowment||
|---|---|---|---|---|
||funds|funds|funds|Total|
||£|£|£|£|
|Fundbalancesat31August2020were:|||||
|Tangiblefixedassets|39,666,327|||39,666,327|
|Investments|18,567,779||491,118|19,058,897|
|Netcurrent liabilities|(1,771,042)|1,391,511||(379,531)|
|Liabilities:amountsfallingdueafter|||||
|morethanoneyear|(1,263,830)|||(1,263,830)|
||55,199,234|1,391,511|491,118|57,081,863|





||2020|2019|
|---|---|---|
||£|£|
|Teacher'sPensionSchemecontributioncost|1,508,246|771,722|



## 

||2020|2019|
|---|---|---|
||`£`|`£`|
|StandardLife/ThePensionsTrustPensionSchemecontributioncost|206,062|164,718|





## 

||2020|2019|
|---|---|---|
||£|£|
|Contracted||854,930|
|At31Augusttheschoolhad totalfuturecommitmentsundernon-cancellableoperating||leasesas|
|follows:|||
||2020|2019|
||`£`|`£`|
|Amountspayablewithin1year|90,320|46,119|
|Amountspayablewithin2-5years|71,640|112,179|
||161,960|158,298|



##