## ## |||~pa e| |---|---|---| |Report ot the C,oe mors||2-14| |Report ot the lndepend|nt Auditors|| |St.itement ot Financial|Actii, itie-|| |Ralance Sheet||| |Cash Flow Statement||| |Notes tv the Financial|Statements|23-35| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |he average|number of|pupils was:|||| |---|---|---|---|---|---| |||2020-21|2019-20|2018-19|2017-18| |Senior School||579|551|566|598| |Pre arator|School|208|221|239|242| |Total||787|772|805|840| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||Note|Unrestricted|Restricted|2021|2020| |---|---|---|---|---|---|---| ||||funds|funds|Total|Total| |Income and endowments
from:||||||| |Charitable
activities||||||| |School fees receivable|||8,978,223||8,978,223|8,088,657| |Ancillary trading income|||386,074||386,074|498,563| |Other trading activities||||||| |Non-ancillary
trading
income|||3,561|||38,116| |Investments|||56,569||56,569|81,692| |Voluntary
incoming sources|||741,366|608,439|1,349,805|649,466| |Activities to generate funds|||3,395||3,395|298| |Total incoming resources|||10,169,188|608,439|10,777,627|9,356,792| |Expenditure
on:||||||| |Raising funds||||||| |Financing costs|||32.172||32,172|40,050| |Investment
management|||16,440||16,440|22,796| |Total deductible
costs|||48,612||48,612|62,846| |Charitable
activities||||||| |Education and grant making|||9,338,013|14,000|9,352,013|9,793,945| |Total expenditure|||9,386,625|14,000|9,400,625|9,856,791| |Net incoming
funds from operation:||||||| |before transfers and investment|gains||782,563|594,439|1,377,002|(499,999)| |Gains/(Loss)
on investments|||397,859||397,859|(97,808)| |Net movement
in funds for the|year||1,180,422|594,439|1,774,861|(597,807)| |Fund balances brought forward|at|||||| |1September 2020|||13,881,178|102,667|13,983,845|14,581,652| |Fund balances carried forward|at|||||| |31August 2021|||15,061,600|697,106|15,758,706|13,983,845| ## |||Note|31Aug 2021|31Aug 2020| |---|---|---|---|---| ||||Total|Total| |FIXEDASSETS||||| |Tangible assets
Securities investments||10
11|11,307,833
2,826,982|10,948,092
2,305,968| ||||14,134,815|13,254,060| |CURRENT ASSETS||||| |Stock|||13,467|17,792| |Debtors||12|330,928|515,058| |Securities investments|—cash balances|11|53,378|196,473| |Cash and deposits|||3,103,663
3,501,436|1,607,074
2,336,397| |CURRENT LIABILITIES||||| |Amounts
falling due within one year||13|(1,183,398)|(802,172)| |NET CURRENT ASSETS|||2,318,038|1,534,225| |TOTAL ASSETSLESS CURRENT LIABILITIES|||16,452,853|14,788,285| |LONG TERM LIABILITIES||||| |Creditors payable after one year||14|(694,147)|(804,440)| |NET ASSETS|||15,758,706|13,983,845| |REPRESENTED BY:||||| |Unrestricted
funds|||15,061,600|13,881,178| |Restricted funds|||697,106|102,667| |||16|15,758,706|13,983,845| ## |||||2021||2020| |---|---|---|---|---|---|---| |Cash flows from operating
activities||||||| |Net cash provided
by operating|activities|||2,352,789||(776,248)| |Cash flows from investing
activities||||||| |Dividends
and interest from investments|||56,263||74,167|| |Purchase ofproperty,
plant and|equipment||(809,398)||(157,574)|| |Investment
management
fees|||19,940||24,231|| |Purchase of investments|||||(797)|| |Net cash provided
(used in) investing||activities||(733,195)||(59,973)| |Cash flows from financing
activities||||||| |Repayments
ofborrowing|||(123,005)||(140,732)|| |Net cash provided by (used in)|financing activities|||(123,005)||(140,732)| |Change in cash and cash equivalents||||1,496,589||(976,953)| |Cash in hand at 01July 2020||||1,607,074||2,584,027| |Cash in hand at 31August 2021||||3,103,663||1,607,074| |Reconciliation ofnet income to|net cash flow from o erations|||||| |Net incoming
funds as per the Statement ofFinancial Activities||||1,377,002||(499,999)| |Adjustments
for:||||||| |Depreciation
charges||||449,657||541,972| |Dividends
and interest from investments||||(56,263)||(74,167)| |Decrease/(Increase)
in stocks||||4,325||(3,967)| |Decrease in debtors||||184,130||163,714| |Increase/(decrease)
in creditors||||393,938||(903,801)| |Net cash provided
by operating|activities|||2,352,789||(776,248)| |Anal
sis ofchan
es in net debt||||||| |||||At 1sep2020|Cash flows|At 31Aug2021| |Cash and cash equivalents||||||| |Cash||||1,607,074|1,496,589|3,103,663| |Borrowings||||||| |Debts due within one year||||(123,583)|12,712|(110,871)| |Debts due after one year||||(804,440)|110,293|(694,147)| |Total||||679,051|1,619,594|2,298,645| ## ## ## ## ## ## ## ## ## ## ## ## |2. SCHOOL FEESRECEIVABLE|||2020| |---|---|---|---| |Fees receivable consist of:|||| |School fees||9,729,565|8,814,463| |Less:total scholarships,
bursaries|and concessions|(751,342)|(725,806)| |||8,978,223|8,088,657| |3. ANCILLARY TRADING INCOME||2021|2020| |Catering income||336,575|445,942| |Out ofhours school care||19,042|11,407| |Sundry income||30,457|41,214| |||386,074|498,563| |4. NON ANCILLARY TRADING INCOME||2021|2020| |Rents and lettings||3,561|38,116| |5. INVESTMENT INCOME||2021|2020| |Investments||56,263|74,963| |Bank interest||306|6,729| |||56,569|81,692| |6.VOLUNTARY INCOMING RESOURCES||2021|2020| |Job Retention Scheme grant||157,492|442,263| |Bequests and legacies||550,000|202,607| |Grants drawn in respect ofnew Sports Hall||608,439|4,596| |Planning
fees reimbursed||24,664|| |Gifts in kind for the School's own|use|9,210|| |||1,349,805|649,466| |7. ACTIVITIES TO GENERATE|FUNDS|2021|2020| |Fundraising
proceeds|||| |Sundry donations
raised||3,395|298| ## ## |8. ANALYSIS OF EXPENDITURE||||| |---|---|---|---|---| ||Staff costs|Depreciation|Other|2021| ||(note 9)|(note 10)||| ||F|E||| |(a) Total Expenditure||||| |Cost ofgenerating
funds
Financing costs
Investment
management|||32,172
16,440|31,172
16,440| |Total cost ofgenerating
funds|||48,612|48,612| |Charitable
expenditure||||| |Education and grant making||||| |Teaching
Welfare|6,011,011
291,224|86,186|489,365
213,946|6,586,562
505,170| |Premises repair and maintenance
Support costs and governance
Total charitable
expenditure|542,367
419,706
7,264,308|70,406
293,065
449,657|571,089
363,648
1,638,048|1,183,862
1,076,419
9,352,013| |Total expended|7,264,308|449,657|1,686,660|9,400,625| |||||2020| |Cost ofgenerating
funds
Financing costs|||40,050|40,050| |Investment
management|||22,796|22,796| |Total cost ofgenerating
funds|||62,846|62,846| |Charitable
expenditure||||| |Education and grant making
Teaching
Welfare|5,922,916
346,961|101,171|582,117
251,380|6,606,204
598,341| |Premises repair and maintenance
Support costs and governance
Total charitable
expenditure|614,580
510,734
7,395,191|341,909
98,892
541,972|631,038
392,247
1,856,782|1,587,527
1,001,873
9,793,945| |Total expended|7,395,191|541,972|1,919,628|9,856,791| |(b) Governance
included in support costs|||2021|2020| |Remuneration
paid to auditor for audit services|||12,162|13,116| |Reimbursement
ofpersonal expenses to Governors||||| |Other governance
costs|||12,434|10,048| ## |9. STAFF COSTS|||||2020| |---|---|---|---|---|---| |The aggregate
payroll|costs for the year were:||||| |Wages and salaries||||5,483,715|5,680,934| |Benefits in kind||||311,787|301,254| |Social security costs||||508,397|503,500| |Other pension costs||||926,071|909,503| |Redundancy/termination|payments|||34,338|| |||||7,264,308|7,395,191| |None ofthe Governors|received any remuneration|or other benefits|from||| |Newcastle-under-Lyme|School or from any connected body||||| |Termination
costs are|charged in the period in which the termination||is||| |agreed.|||||| ||||2021|2020| |---|---|---|---|---| |Aggregate
employee benefits of key management||personnel|f759,974|6721,730| |Number
ofhigher paid employees|in bands of:|||| |660,001to670,000||||| |670,001to680,000||||| |6100,001to6110,000||||| |The average number ofthe School's employees||during the year, was||| |Teaching staff|||89|93| |Administration|||11|15| |Support staff|||115|123| ||||215|231| ## ## |10. TANGIBLE FIXEDASS|ETS||||| |---|---|---|---|---|---| ||||Educational|Assets in the|| |||Non-|books,|course of|| ||Freehold|educational|equipment|construction|| ||property|equipment|and furniture||Totals| ||E||||| |Cost or frozen valuation|||||| |At 01September 2020
Additions|13,879,326|1,089,086
92,801|1,708,652
17,526|127,650
699,071|16,804,714
809,398| |Reclassification||8,871|5,644|(14,515)|| |Disposals
At 31August 2021|13,879,326|1,190,758|1,731,822|812,206|17,614,112| |Depreciation
At 01September 2020
Charge for the year|4,046,325
293,065|815,006
70,406|995,291
86,186||5,856,622
449,657| |Eliminated
on disposal|||||| |At 31August 2021|4,339,390|885,412|1,081,477||6,306,279| |Net BookValue|||||| |At 31August 2021
At 31August 2020|9,539,936
9,833,001|305,346
274,080|650,345
713,361|812,206
127,650|11,307,833
10,948,092| ## ||||2020| |---|---|---|---| |11.INVESTMENTS|||| |Market Value 1September 2020||2,502,441|2,623,683| |New money invested|||| |Reinvested
income|||797| |Amounts
extracted|||| |Investment
management|fees|(19,940)|(24,231)| |Increase/(decrease)
in the value ofinvestments||397,859|(97,808)| |Market Value 31August|2021|2,880,360|2,502,441| |Investments
held in the portfolio are as follows:|||| |Stocks and shares||2,826,982|2,305,968| |Cash||53,378|196,473| |||2,880,360|2,502,441| ## |||2021|2020| |---|---|---|---| |Fees and extras||174,291|192,104| |Other debtors||5,957|20,426| |Other prepayments|and accrued income|150,680|302,528| |||330,928|515,058| ## |13.CREDITORS: AMOUNTS FALLING DUE WITH|IN ONE YEAR|| |---|---|---| ||2021|2020| |Bank loans (note 15)|110,871|123,583| |Trade creditors|750,314|408,207| |Other creditors|322,202|270,371| |Accruals and deferred income|11|11| ||1,183,398|802,172| ## |14.CREDITORS: AM|OUNTS FALLING DUE AFTER|ONE YEAR||| |---|---|---|---|---| ||||2021|2020| |Bank loans (note 15)|||694,147|804,440| |15.BANK LOANS||||| |Loans repayable,
included
within creditors, are analysed||as follows:|2021|2020| |Bank loans repayable
Bank loans repayable
Bank loans repayable
Bank loans repayable|within one year
between one to two years
between two to five years
after more than five years||110,871
36,402
117,316
540,429
805,018|123,583
110,647
111,631
582,162
928,023| |16. MOVEMENT IN FUNDS|At|Net|At| |---|---|---|---| ||01August|movement|31August| ||2020|in funds|2021| |Unrestricted
funds|||| |General fund|13,881,178|1,180,422|15,061,600| |Restricted funds|||| |General|102,667|594,439|697,106| |TOTAL FUNDS|13,983,845|1,774,861|15,758,706| |Net movemen|t
in funds, include|d
in the above are:|||| |---|---|---|---|---|---| ||||||Net| |||Incoming|Resources|Gains and|movement| |||resources|expended|losses|in funds| |||||E|| |Unrestricted|funds||||| |General fund||10,169,188|(9,386,625)|397,859|1,180,422| |Restricted funds|||||| |General||608,439|(14,000)||594,439| |TOTAL FUNDS||10,777,627|(9,400,625)|397,859|1,774,861| ## ||Restricted|Unrestricted|2021| |---|---|---|---| |Tangible fixed assets|697,106|10,610,727|11,307,833| |Securities investments||2,826,982|2,826,982| |Net current assets||2,318,038|2,318,038| |Long term liabilities||(694,147)|(694,147)| ||697,106|15,061,600|15,758,706| ||Restricted|Unrestricted|2020| |Tangible fixed assets|102,667|10,845,425|10,948,092| |Securities investments||2,305,968|2,305,968| |Net current assets||1,534,225|1,534,225| |Long term liabilities||(804,440)|(804,440)| ||102,667|13,881,178|13,983,845| ## ## ## ## ## ## ||||2021|2020| |---|---|---|---|---| |Future minimum|lease payments|due at the end ofthe period were||| |Between 1and 5|years||60,262|56,993| ## ## ## ||||Unrestricted|Restricted|2020| |---|---|---|---|---|---| ||||funds|funds|| |Income and endowments|from:||||| |Charitable
activities|||||| |School fees receivable|||8,088,657||8,088,657| |Ancillary
trading income|||498,563||498,563| |Other trading activities|||||| |Non-ancillary
trading income|||38,116||38,116| |Investments|||81,692||81,692| |Voluntary
incoming sources|||649,466||649,466| |Activities to generate funds|||298||298| |Total incoming resources|||9,356,792||9,356,792| |Expenditure
on:|||||| |Raising funds|||||| |Financing costs|||40,050||40,050| |Investment
management|||22,796||22,796| |Total deductible
costs|||62,846||62,846| |Charitable
activities|||||| |Education and grant making|||9,779,945|14,000|9,793,945| |Total expenditure|||9,842,791|14,000|9,856,791| |Net incoming funds from|operation:||(485,999)|(14,000)|(499,999)| |before transfers
and investment||gains|||| |Gains on investments|||(97,808)||(97,808)| |Net movement
in funds for the||year|(583,807)|(14,000)|(597,807)| |Fund balances brought
forward||at|14,464,985|116,667|14,581,652| |1July 2019|||||| |Fund balances carried forward||at|||| |31August 2020|||13,881,178|102,667|13,983,845|