2021-08-31-accounts - The Perse School

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Scope	1	(natural gas/transport)	Tonnes CO2 equivalent	(tCO2e)
			1,150.46
Scope	1	(transport)	Tonnes CO2 equivalent	(tCO2e)
			7.55
Scope	2	(electricity)	Tonnes CO2 equivalent	(tCO2e)
			312.68
Scope	3	(electricity T& D)	Tonnes CO2 equivalent	(tCO2e)
			27.67

uccess	ion, more than	three-quarters o	fA Level entrie	s we	re graded at	eithe	r A* or A.
			Cumulative	%	Cumulative	%	Cumulative	%
		A*	A*-A		A*- B		A*- C
Perse	A level	81	92		98		99
		D1/M1	D2/M2		D3/M3
Perse	Pre U	87/98	9S/99		98/100

		Cumulative	Cumulative	Cumulative	%	Cumulative	Cumulative
		A*		A		B	C
Perse		80		94		100	100
{%cumulative)
Nearly	all Perse students	choose to proceed	to university.		Details ofthe university		destinations	for 2020/21 can
be found on page 112of		The Perse School Annual		Review available		on the School	website.

							Total	Total
		Note	Unrestricted	Designated	Restricted	Endowed	Funds	Funds
			Funds	Funds	Funds	Funds	2021	2020
			f'000	E'000	E'000	E'000	E'000	E'000
INCOME FROM:
Donations and legacies				48	160	4	212	413
Charitable Activities-
Tuition fees			26,689				26,689	24,865
Other educational	income		860				860	780
Other ancillary activities			1,570				1,570	1,312
Other Trading Activities
Lettings								53
Subsidiary trading	activities		139				139	252
Investments			159		14		175	212
CJRS income			180				180	479
TOTAL INCOME			29,597	50	174	4	29,825	28,366
EXPENDITURE ON:
Raising funds
Fundraising			(133)				(133)	(166)
Investment property costs			(27)				(27)	(13)
Charitable activities
Operating costs			(24,958)				(24,958)	(23,890)
Bank interest			(198)				(198)	(244)
Grants, awards and	prizes				(379)		(379)	(182)
Other activities			(6)				(6)	(75)
TOTAL EXPENDITURE			(25,322)		(379)		(25,701)	(24,570)
NET INCOME			4,275	50	(205)	4	4,124	3,796
Transfers between	funds		513	(443)	(85)	15
Other recognised			201		156	6	363
gains/(losses)
NET MOVEMENT IN	FUNDS	16	4,989	(393)	(134)	25	4,487	3,796
Balances b/fwd 1September			52,087	3,774	2,353	503	58,717	54,921
Balances c/fwd 31August			57,076	3,381	2,219	528	63,204	58,717

		Note	Group	Group	School	School
			2021	2020	2021	2020
			f'000	f'000	f'000	f'000
FIXEDASSETS
Tangible assets		8	52,751	52,287	52,751	52,287
investments		9	10,819	5,905	10,769	5,855
			63,570	58,192	63,520	58,142
CURRENT ASSETS
Stock			37	35	37	29
Debtors		10	759	631	792	905
Cash at bank and in hand		11	12,679	13,405	12,600	13,070
			13,475	14,071	13,429	14,004
CURRENT LIABILITIES
Creditors		12	(4,202)	(3,157)	(4,164)	(3,102)
NET CURRENT ASSETS			9,273	10,914	9,265	10,902
TOTAL ASSETS PLUS CURRENT ASSETS			72,843	69,106	72,785	69,044
CREDITORS: amounts	falling due after more than one
year		13	(9,639)	(10,389)	(9,639)	(10,389)
TOTAL NET ASSETS			63,204	58,717	63,146	58,655
CAPITAL AND RESERVES
Endowed Funds		16	528	503	528	503
Restricted Funds		16	2,219	2,353	2,219	2,353
Designated Funds		16	3,381	3,774	3,381	3,774
Unrestricted Funds		16	57,076	52,087	57,018	52,025
TOTAL FUNDS			63,204	58,717	63,146	58,655

					2021	2020
					f'000	E'000
Net cash provided by operating		activities			6,003	4,788
Cash flows from investing	activities
Investment income received					179	231
Purchase oftangible fixed	assets				(1,468)	(1,458)
Purchase of investments					(4,550)	(110)
					164	3,451
Cash flows from financing	activities
Advance fee payments received					461	538
Advance fee payments utilised in		payment offees to the
School					(485)	(501)
Repayment ofproject borrowing					(667)	(667)
Bank interest paid					(199)	(244)
Change in cash and cash equivalents			in the	year	(726)	2,577
Cash and cash equivalents	at the	beginning		ofthe year	13,405	10,828
Cash and cash equivalents	at the	end	ofthe year		12,679	13,405

			2021	2020
			E'000	E'000
Net income for the	year		4,124	3,796
Interest and rent from investments			(175)	(212)
Interest paid			198	244
Depreciation			1,542	1,401
(Increase)/Decrease	in stock		(2)	3
Decrease/(increase)	in debtors		(134)	284
Increase/(Decrease)	in creditors		450	(728)
Net cash provided	by operating	activities	6,003	4,788

							2021	2020
							E'000	f'000
2.	TUITION FEES
	Gross fees						28,529	26,603
	Less: total bursaries,	scholarships		and allowances			(2,219)	(1,920)
							26,310	24,683
	Add back: bursaries	and	allowances		paid for by restricted	funds	379	182
							26,689	24,865
3.	OTHER ANCILLARY	ACTIVITIES
	School lunches						1,105	909
	Tuck shop and vending		machines				28	60
	Sundry income						437	344
							1,570	1,312

UBSIDIARY TRADING ACTIVITIES
	2021	2020
	f'000	f'000
Turnover	148	252
Operating costs	(91)	(191)
Profit for the year	57	61
Tota I assets	163	390
Total liabilities	(106)	(329)
Total funds	57	61

								2020	2020	2020
								f'000		f'000
Owed by subsidiary		companies to			the School	at 1September			275	147
Recharges for services			in the	year					75	144
Gift Aid receipts									(61)	52
Cash receipts from the			subsidiary		companies			(223)		(68)
Owed by subsidiary		companies to			the School	at 31August			66	275
INVESTMENT INCOME				Unrestricted		Designated	Restricted	Total		Total
					Funds	Funds	Funds	2021		2020
					f'000	f'000	f'000	f'000		f'000
Lettings income					150		7		157	145
Bank and other	interest				9		7		18	67
					159		14		175	212
TOTAL EXPENDITURE
						Staff costs	Depreciation	Other costs	2021	2020
						f'000	f'000	f'000	f'000	f'000
Cost ofraising funds
Fundraising						90		43	133	166
Investment pro	perty costs							27	27	13
Charitable activities
Educational						14,174		1,879	16,053	15,920
Premises						1,508	1,542	2,116	5,166	4,426
Welfare						106		1,266	1,372	1,255
Support						1,382		985	2,367	2,284
Total school operating			costs			17,170	1,542	6,246	24,958	23,885
Bank interest								198	198	244
Grants, awards	and	prizes						379	379	182
Other activities									6	75
Total						17,260	1,542	6,899	25,701	24,565

departme	nt expenditure
			2021	2020
			f'000	f'000
Other costs for School running			350	550
Marketing	and communications		143	147
Insurance	and professional	fees	480	369
Governance			12	28
			985	1,094

STAFF C	OSTS
			2021	2020
Group			E'000	f'000
Gross salaries			13,352	13,198
National	insurance	costs	1,470	1,420
Pension	costs		2,411	2,356
Other costs			27	78
			17,260	17,052

	2021	2020
	No.	No.
Teaching	189	196
Support	179	176
Fundraising	2	3
	370	375

he number ofemployees receiving gross pay net o n-kind were:	f salary sacrifice and inclusive ofthe valu	e of benef
	2021	2020
	No.	No.
f60,000 - f70,000	21	17
f70,001 - f80,000	9	6
f80,001 - f90,000	2	2
f90,001 —f100,000	1	1
f100,001 - f110,000 f110,001 -f120,000	1 1	2
f130,001 - f140,000
f140,001 - f150,000 f210,001 - f220,000
f230,001-f240,000

						Plant,
				Freehold		equipment
				land and		Furniture
FIXEDASSETS OFTHE GROUP AND THE SCHOOL				Buildings		S.fittings	Total
					f'000	f'000	f'000
Cost or valuation
At 1September 2020					62,637	1,425	64.062
Additions					1,884	122	2,006
At 31August 2021					64,521	1,547	66,068
Depreciation
At 1September 2020					11,209	566	11.775
Charge for the year					1,353	189	1,542
At 31August 2021					12,562	755	13,317
Net book value
At 31August 2021				51,959		792	52,751
At 31August 2020				51,428		859	52,287
Included within tangible	fixed assets are the following		which	are not depreciated:
						2021	2020
						f'000	f'000
Land						856	856
Assets in the course ofconstruction						2,577	2,043
Performing Arts Centre	Public Art					94	94
FIXEDASSET INVESTMENTS
				Freehold	land	Other
GROUP				and buildings f'000		Investments f'000	Total f'000
Cost or valuation
At 1September					5,855	50	5,905
Additions					1,551	3,000	4,551
Revaluation					79	284	363
At 31August					7,485	3,334	10,819
	Freehold	land		Group		Other
SCHOOL	and buildings f'000			Undertakings f'000		Investments f'000	Total f'000
Cost or valuation
At 1September		5,855					5,855
Additions		1,551				3,000	4,551
Revaluation			79			284	363
At 31August		7,485				3,284	10,769

					Group	Group	School	School
					2021	2020	2021	2020
12.	CREDITORS DUE WITHIN ONE YEAR				f'000	f'000	f'000	f'000
	PAC loan				667	666	667	666
	Trade creditors				699	409	699	405
	Tax and social security			costs	415	375	415	375
	Accruals	and deferred		income	807	336	769	285
	Advance	fee payment		scheme (note 13)	487	417	487	417
	Fees paid in advance				749	627	749	627
	Other creditors				378	327	378	327
					4,202	3,157	4,164	3,102
					Group	Group	School	School
					2021	2020	2021	2020
					f'000	f'000	f'000	f'000
13.	CREDITORS DUE AFTER MORE THAN ONE YEAR
	PAC loan				9,333	10,001	9,333	10,001
	Advance fee payment		scheme (note 14)		306	388	306	388
					9,639	10,389	9,639	10,389
	Repayable	&1yr &2 yrs
	PAC loan				666	666	666	666
	Advance fee payment		scheme		173	193	173	193
	Repayable	&2 yrs &Syrs
	PAC loan				1,998	1,998	1,998	1,998
	Advance fee payment		scheme		133	195	133	195
	Repayable	&5yrs
	PAC loan				6,669	7,337	6,669	7,337
					9,639	10,389	9,639	10,389

			Tangible		Net Current	Long term
2020			fixed assets	Investments	Assets	Liabilities	Total
GROUP			f'000	f'000	f'000	f'000	f'000
Endowed	Funds		35	468			503
Restricted		Funds		123	2,230		2,353
Designated		Funds		840	2,934		3,774
Unrestricted		Funds	52,252	4,474	5,750	(10,389)	52,087
			52,287	5,905	10,914	(10,389)	58,717
SCHOOL
Endowed	Funds		35	468			503
Restricted	Funds			123	2,230		2,353
Designated		Funds		840	2,934		3,774
Unrestricted		Funds	52,252	4,424	5,738	(10,389)	52,025
			52,287	5,855	10,902	(10,389)	58,655

CAPITAL AND RESERVES	OF	THE GROUP AND THE SCHOOL	THE GROUP AND THE SCHOOL
2021			Balance at 2020 E'000	Income f'000	Expenditure E'000	Revaluation E'000	Transfers E'000	Balance at 2021 E'000
GROUP AND SCHOOL ENDOWED FUNDS
Endowment CCC Bursary Farrell Bursary Pye Foundation Enduring Gift —Bursaries Enduring Gift —Rouse Awards Enduring Gift —Aristotelian Prize			320 57 17 25 74 10				15	335 60 18 26 75 10 4
Total endowed funds			503				15	528
GROUP AND SCHOOL RESTRICTED FUNDS
Prizes and Travel			75					80
A C Hawkins Bequest			14					15
Bursaries and Scholarships:
CCC Bursary					(2)
Old Perseans			37		(6)	1		34
Millennium Bursary		Appeal	69		(9)	5		65
Earnshaw-Smith	Bursary		217		(9)	17		226
Neve Bursary			4
Annual Fund			308	57	(48)	23		340
Access to Excellence
Capital Works			161				(81)	80

		Balance at 2020 f'000	Income f'000	Expenditure f'000	Revaluation f'000	Transfers f'000	Balance at 2021 f'000
GROUP AND SCHOOL RESTRICTED FUNDS
Continued
Enduring Gift- Bursaries Enduring Gift —PAC Enduring Gift —Outreach		1,205 197 35	104 2 4	(305)	91 15	(4)	1,095 210 39
Enduring Gift —Outdoor	Pursuits	31					31
Total restricted funds		2,353	174	(379)	156	(85)	2,219
GROUP AND SCHOOL DESIGNATED FUNDS
Enduring Gift		605	50				655
Current Bursaries Fund Future Bursaries Fund Travel Bursaries Fund		1,122 2,025 22				(93) (350)	1,029 1,675 22
Total designated funds		3,774	50			(443)	3,381
UNRESTRICTED FUNDS
GROUP
General Reserve		52,087	29,597	(25,322)	201	513	57,076
Total funds —group		58,717	29,825	(25,701)	363		63,204
SCHOOL
General Reserve		52,025	29,595	(25,316)	201	513	57,018
Total funds —School		58,655	29,823	(25,695)	363		63,146

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		Office			Office
	Land &	Equipment	Total	Land &	Equipment	Total
	Buildings	&vehicles	2021	Buildings	&vehicles	2020
	f'000	f'000	f'000	f'000	f'000	f'000
Within 1year	12	298	310	12	240	252
2 —5 years	42	302	344	48	396	444
&5years		22	22	6	36	42
	54	622	676	66	672

Amount due:	2020	2020
	E'000	f'000
Within 1year	150	84
Between 1and 5years	50

NET DEBTRECONCILIATION
	1September		31August
	2020	Cash flows	2021
	f'000	E'000	E'000
Cash at bank and in hand	13,405	(805)	12,600
Bank loans	(10,667)	666	(10,001)
Net Debt	2,738	(139)	2,599

FUNDS
								Total
			Note	Unrestricted	Designated	Restricted	Endowed	Funds
				Funds	Funds	Funds	Funds	2020
				E'000	E'000	E'000	E'000	E'000
INCOME FROM:
Donations and	legacies				74	339		413
Charitable Activities-
Tuition fees				24,865				24,865
Other educational		income		780				780
Other ancillary	activities			1312				1,312
Other Trading Activities
Lettings				53				53
Subsidiary trading		activities		252				252
Investments				179	20	13		212
CJRS income				479				479
TOTAL INCOME				27,920		352	-	28,366
EXPENDITURE ON:
Raising funds
Fundraising				(166)				(166)
Investment property costs				(13)				(13)
Charitable activities
Operating costs				(23,885)		(5)		(23,890)
Bank interest				(244)				(244)
Grants, awards	and	prizes				(182)		(182)
Other activities				(75)				(75)
TOTAL EXPENDITURE				(24,383)		(187)		(24,570)
NET INCOME				3,537	94	165		3,796
Transfers between		funds		17	53	(85)	15
Other recognised	losses
NET MOVEMENT	IN	FUNDS	16	3,554	147	80	15	3,796
Balances b/fwd	1September			48,533	3,627	2,273	488	54,921
Balances c/fwd 31August				52,087	3,774	2,353	503	58,717