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|||||Page|
|---|---|---|---|---|
|Reference and Administrative||Details ofthe Charity, its Governors|and Advisers|1-2|
|Chair's Statement|||||
|Governors'
Report||||4- 19|
|Governors'
Responsibilities||Statement||20|
|Independent
Auditors'|Report on the Financial Statements|||21 - 24|
|Statement of Financial|Activities|||25-26|
|Balance Sheet||||27|
|Statement ofCash Flows||||28|
|Notes to the Financial|Statements|||29-54|
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|Sport|Sport|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|The School||continues
to provide
pupils
with a huge range of sporting
opportunities.||||||Again, the Pandemic||||||cut short||
|both the actual|||time at School and also the number
of opportunities
for|||inter-school|||competitions.||||Inter-school|||
|competitions||were swapped
for inter-house
matches
and training|||continued|unabated,||||ensuring|that||pupils were|||
|ready|as and when the restrictions
are lifted. However,
2020/21 still provided|||||the following||||highlights:||||||
|~|Cricket|||||||||||||||
|||o|The year has seen phenomenal|growth
in girls' cricket in both Prep||||and||Senior|School|||||
|||c|2 U15 players
and
1 U14 player|represented
the|County|||||||||||
|~|Rugby
o||inter-House
competitions
were|held
for
all age groups||including|||the 6e Form|||Touch|||Rugby|
||||tournament|||||||||||||
|||o|Jon Pendlebury,
England
U18 Coach, visited the||School and conducted|||||a live lesson||||||
|||o|An U6th former was selected
in|the initial England|U18 squad and||subsequently||||a L6th||player was|||
||||added to the extended
national|training
squad||||||||||||
|||o|7 players represented
Newcastle
Falcons U18|||||||||||||
|||o|3players are currently
involved|with the Falcons'|U16 squad|||||||||||
|~|Hockey|||||||||||||||
|||o|The new Sports Graduate
is a Welsh international||hockey|player||||||||||
|||o|An U16 player continues
to be involved
in the England
Hockey Performance
Pathway|||||||||||||
|||o|19players represent
the County|||||||||||||
|~|Netball|||||||||||||||
|||o|The continued
partnership
with|Leeds Rhinos Netball has enabled|||pupils|||to access extra||||coaching||
|||o|A L6th girl was selected for Leeds Rhinos, as well||as representing||both||the North||East and||||Durham|
||||County|||||||||||||
|~|Athletics|||||||||||||||
|||c|A pupil continues
to be selected|for GB training
camps and||competes|||at a national|||level||||
|~|Equestrian|||||||||||||||
|||o|A pupil was invited to attend an|U20 GBtraining|camp.|||||||||||
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||||||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|funds|funds|
||||||2021|2021|2021|2021|2020|
|||||Note|6|6||8|6|
|Income and||||||||||
|endowments||from:||||||||
|Donations
and||legacies||3|114,838|||114,838|115,493|
|Charitable
activities:||||||||||
|School fees|||||10,341,461|||10,341,461|9,743,036|
|Other income|||||60,087|||60,087|24,809|
|Cost of providing||||||||||
|school buses|||||(111,090)|||(111,090)|(18,719)|
|Remissions|||||(1,232,081)|(14,202)||(1,246,283)|(1,887,651)|
|Other trading|activities||||85,040|||85,040|2,369|
|Investments|||||1,544|12,815||14,359|12,770|
|Government|grants||||34,552|||34,552|487,482|
|Total|||||9,294,351|(1,387)||9,292,964|8,479,589|
|Expenditure|on:|||||||||
|Raising funds||||8|85,751|3,969||89,720|4,029|
|Charitable
activities:||||||||||
|Welfare|||||787,397|||787,397|720,571|
|Premises|||||2,490,955|||2,490,955|2,159,080|
|Teaching|||||5,543,638|||5,543,638|5,408,564|
|Other charitable||||||||||
|activities|||||831,759|5,347||837,106|885,368|
|Total|||||9,739,500|9,316||9,748,816|9,177,612|
|Net expenditure||||||||||
|before net||||||||||
|gains/(losses)||on||||||||
|investments|||||(445,149)|(10,703)||(455,852)|(698,023)|
|Net gains/(losses)|||on|||||||
|investments||||||101,243||101,243|(9,668)|
|Net income/||||||||||
|(expenditure)|||||(445,149)|90,540||(354,609)|(707,691)|
|Transfers
between||||||||||
|funds||||23|14,202|(14,202)||||
|Net movement||in||||||||
|funds before||other||||||||
|recognised||||||||||
|gains/(losses)|||||(430,947)|76,338||(354,609)|(707,691)|
##
##
||||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|funds|
|||Note|2021
6|2021
6|2021
6|2021
6|2020f|
|Actuarial
gains/(losses)||||||||
|on defined benefit||||||||
|pension scheme||28|960,000|||960,000|(280,000)|
|Net movement|in|||||||
|funds|||529,053|76,338||605,391|(987,691)|
|Reconciliation|of|||||||
|funds:||||||||
|Total funds brought||||||||
|forward|||7,271,988|668,620|45,875|7,986,483|8,974,174|
|Net movement|in funds||529,053|76,338||605,391|(987,691)|
|Total funds carried||||||||
|forward|||7,801,041|744,958|45,875|8,591,874|7,986,483|
##
##
##
|||||Note||2021f||2020f|
|---|---|---|---|---|---|---|---|---|
|Fixed assets|||||||||
|Intangible assets||||13||7,957||690|
|Tangible assets||||14||10,262,525||10,306,653|
|Investments||||15||638,493||530,786|
|||||||10,908,975||10,838,129|
|Current assets|||||||||
|Stocks||||16|70,268||81,385||
|Debtors||||17|586,357||532,612||
|Cash at bank and in hand|||||1,819,912||1,031,353||
||||||2,476,537||1,645,350||
|Creditors: amounts|falling||due within one||||||
|year||||18|(2,420,361)||(2,832,223)||
|Net current assets Iliabilites||||||56,176||(1,186,873)|
|Total assets less current|||liabilities|||10,965,151||9,651,256|
|Creditors: amounts
than one year|falling||due after more|19||(2,373,277)||(724,773)|
|Net assets excluding
liability||pension asset I||||8,591,874||8,926,483|
|Defined benefit pension scheme asset I
liability||||28||||(940,000)|
|Total net assets||||||8,591,874||7,986,483|
|Charity funds|||||||||
|Endowment
funds||||23||45,875||45,875|
|Restricted funds||||23||744,958||668,620|
|Unrestricted
funds||||23||7,801,041||7,271,988|
|Total funds||||||8,591,874||7,986,483|
##
##
##
||FOR|TH|E YEAR ENDED 31AUGUS|T 2021|||
|---|---|---|---|---|---|---|
|||||Note|2021f|2020f|
|Cash flows from operating
activities|||||||
|Net cash used
in operating|activities|||25|(165,383)|1,142,047|
|Cash flows from investing|activities||||||
|Proceeds from the disposal|oftangible
fixed assets||||621||
|Purchase of intangible
assets|||||(8,800)||
|Purchase oftangible
fixed assets|||||(741,968)|(640,852)|
|Proceeds from sale of investments|||||98,473|51,134|
|Purchase of investments|||||(104,937)|(52,694)|
|Dividend
income|||||12,815|5,828|
|Interest received|||||1,544|6,942|
|Net cash used in investing|activities||||(742,252)|(629,642)|
|Cash flows from financing|activities||||||
|Cash inflows from new borrowing|||||1,850,000||
|Loan repayments
in year|||||(49,226)|(49,381)|
|Capital repayments
in year|||||(104,580)|(52,622)|
|Net cash provided
by/(used
in) financing|||activities||1,696,194|(102,003)|
|Change
in cash and cash|equivalents|in the year|||788,559|410,402|
|Cash and cash equivalents|at the beginning||ofthe year||1,031,353|620,951|
|Cash and cash equivalents|at the end|ofthe year||26|1,819,912|1,031,353|
|The notes on pages 29to 54 form part of these financial statements|||||||
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##
|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2021|2021|2020|
|||6|6|6|
||Donations|91,948|91,948|109,993|
||Legacies|22,890|22,890|5,500|
||Total 2021|114,838|114,838|115,493|
||Total 2020|115,493|115,493||
|4.|Income from other trading activities||||
||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2021f|2021f|2020
6|
||Lettings and|event income|85,040|85,040|2,369|
||Total 2021||85,040|85,040|2,369|
||Total 2020||2,369|2,369||
|5.|Investment|income||||
|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2021
6|2021f|2021|2020f|
|Investment|income from listed investments||12,815|12,815|5,828|
|Deposit account interest||1,544||1,544|6,942|
|Total 2021||1,544|12,815|14,359|12,770|
|Total 2020||6,942|5,828|12,770||
##
##
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##
##
|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2021
6|2021f|2021f|2020
8|
|School fees||10,341,461||10,341,461|9,743,036|
|Other Income||60,087||60,087|24,809|
|Cost of providing|school buses|(111,090)||(111,090)|(18,719)|
|Remissions||(1,232,081)|(14,202)|(1,246,283)|(1,887,651)|
|||9,058,377|(14,202)|9,044,175|7,861,475|
|Total2020||7,874,493|(13,018)|7,861,475||
##
|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2021
6|2021f|2020f|
|Coronavirus|Job Retention Scheme grants|34,552|34,552|487,482|
|Total 2020||487,482|487,482||
##
##
##
##
##
||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2021
6|2021|2021|2020f|
|Lettings and|event costs||85,751||85,751|530|
|Investment|management|fees||3,969|3,969|3,499|
||||85,751|3,969|89,720|4,029|
|Total 2020|||530|3,499|4,029||
##
##
||Direct|Support|Total|Total|
|---|---|---|---|---|
||costs|costs|funds|funds|
||2021f|2021f|2021f|2020
9|
|Teaching|5,459,776|83,862|5,543,638|5,408,564|
|Premises|1,703,947|787,008|2,490,955|2,159,080|
|Welfare|787,397||787,397|720,571|
|Other|785,377|51,729|837,106|885,368|
||8,736,497|922,599|9,659,096|9,173,583|
|Total 2020|8,300,241|873,342|9,173,583||
##
##
##
##
|||||||Total|Total|
|---|---|---|---|---|---|---|---|
|||Teaching|Premises|Welfare|Other|funds|funds|
|||2021
f|2021
f|2021f|2021f|2021f|2020
f.|
|Pension finance||||||||
|costs|||||10,000|10,000|10,000|
|Staff costs||5,119,283|750,335|470,404|497,108|6,837,130|6,629,506|
|Teaching||||||||
|resources||143,096||||143,096|177,540|
|Premises|and|||||||
|grounds|||88,469|||88,469|67,808|
|Rates|||68,644|||68,644|67,264|
|Insurance||17,320|76,046|||93,366|89,026|
|Light, heat|and|||||||
|water|||226,086|||226,086|227,748|
|Other teaching||||||||
|costs||148,892||||148,892|132,281|
|Travel||31,185||50||31,235|73,065|
|Catering||||306,036||306,036|249,019|
|Laundry||||2,018||2,018|7,430|
|Nursing||||8,889||8,889|7,861|
|Cleaning|||194,762|||194,762|78,539|
|Maintenance|||299,605|||299,605|199,791|
|Marketing|and|||||||
|development|||||73,430|73,430|78,306|
|ITcosts|||||86,176|86,176|83,750|
|Administration|||||78,278|78,278|81,464|
|Recruitment|||||18,284|18,284|14,867|
|Bad debts|||||22,101|22,101|24,976|
|||5,459,776|1,703,947|787,397|785,377|8,736,497|8,300,241|
|Total 2020||5,339,017|1,415,158|720,571|825,495|8,300,241||
##
##
##
##
##
|||||||Total|Total|
|---|---|---|---|---|---|---|---|
||||Governance|Premises|Finance|funds|funds|
||||2021
6|2021f|2021f|2021f|2020|
|Depreciation|and amortisation|||741,840||741,840|711,932|
|Loss/(profit)|on disposal|of||||||
|assets||||45,168||45,168|31,990|
|Bank charges|||||12,966|12,966|25,679|
|Bank interest|||||7,672|7,672|7,323|
|Leasing interest|||||23,851|23,851|26,871|
|Interest paid|to HMRC||||7,240|7,240||
|Governance|costs||83,862|||83,862|69,547|
||||83,862|787,008|51,729|922,599|873,342|
|Total 2020|||69,547|743,922|59,873|873,342||
##
##
|||2021f|2020f|
|---|---|---|---|
|Auditors'|remuneration|11,000|10,500|
|Depreciation
-owned assets||690,641|658,441|
|Depreciation - assets on finance lease||49,666|49,666|
|Deficit on|disposal offixed assets|45,168|31,990|
|Computer|software
amortisation|1,533|3,825|
|Operating|lease payments|75,923|76,412|
##
##
##
##
|FOR THE YEAR END
Staff costs|ED 31AUGUST 2021||
|---|---|---|
||2021|2020|
|||6|
|Wages and salaries|5,295,948|5,142,832|
|Social security costs|503,888|477,401|
|Other pension costs|1,037,294|1,009,273|
||6,837,130|6,629,506|
||2021|2020|
|---|---|---|
||No.|No.|
|Teaching|108|117|
|Support|17|18|
|Welfare|29|28|
|Premises|37|37|
||191|200|
|2021|2020|
|---|---|
|No.|No.|
##
##
##
##
||Computer|
|---|---|
||software|
||6|
|Cost||
|At 1 September 2020|35,334|
|Additions|8,800|
|At 31August 2021||
|Amortisation||
|At 1 September 2020|34,644|
|Charge for the year|1,533|
|At 31August 2021|36,177|
|Net book value||
|At 31 August 2021|7,957|
|At 31 August 2020|690|
##
##
##
##
||Freehold|Plant and|Fixtures and|Motor|Computer||
|---|---|---|---|---|---|---|
||property
f|machinery
6|fittings
f|vehiclesf|equipment
6|Total|
|Cost or valuation|||||||
|At 1 September 2020|14,119,100|1,015,714|2,178,940|18,621|757,799|18,090,174|
|Additions|580,671||112,832||48,465|741,968|
|Disposals|(488,359)||(435,731)|||(924,090)|
|At 31 August 2021|14,211,412|1,015,714|1,856,041|18,621|806,264|17,908,052|
|Depreciation|||||||
|At 1 September 2020|5,650,778|183,658|1,705,397|7,401|236,287|7,783,521|
|Charge for the year|414,704|50,786|119,888|4,655|150,274|740,307|
|On disposals|(442,570)||(435,731)|||(878,301)|
|At 31 August 2021|5,622,912|234,444|1,389,554|12,056|386,561|7,645,527|
|Net book value|||||||
|At 31 August 2021|8,588,500|781,270|466,487|6,565|419,703|l0,262,525|
|At 31 August 2020|8,468,322|832,056|473,543|11,220|521,512|10,306,653|
##
##
##
|||Plant and|Plant and|
|---|---|---|---|
|||machinery|machinery|
|||2021f|2020|
||Cost|||
||At 1 September|993,321|993,321|
||Additions|||
|||993,321|993,321|
||Depreciation|||
||At 1 September|181,960|132,294|
||Charge for year|49,666|49,666|
|||231,626|181,960|
||Net book value|||
||At 31August|761,695|811,361|
|15.|Fixed asset investments|||
||||Listed|
||||investmentsf|
||Cost or valuation|||
||At 1 September 2020||530,786|
||Additions||104,937|
||Disposals||(98,473)|
||Revaluations||101,243|
||At 31 August 2021||638,493|
||Net book value|||
||At 31August 2021||638,493|
||At 31 August 2020||530,786|
##
##
||||||NOTES TO THE FINANCIAL STATEMENTS|NOTES TO THE FINANCIAL STATEMENTS|||
|---|---|---|---|---|---|---|---|---|
||||||FOR|THE YEAR ENDED 31AUGUST 2021|||
|16.|Stocks||||||||
||||||||2021
6|2020f|
||Stocks||||||70,268|81,385|
|17.|Debtors||||||||
||||||||2021f|2020f|
||Due within one year||||||||
||Trade debtors||||||148,530|170,732|
||Other debtors||||||58|1,613|
||Prepayments|and accrued|||income||437,769|360,267|
||||||||586,357|532,612|
|18.|Creditors: Amounts|||falling due||within one year|||
||||||||2021|2020|
|||||||||6|
||Bank loans and overdrafts||||(see note 19)||114,036|49,124|
||Trade creditors||||||455,355|715,327|
||Other taxation|and social security|||||248,066|594,584|
||Finance lease|(see|note 20)||||122,829|100,983|
||Other creditors||||||151,772|227,669|
||Accruals and|deferred||income|||1,328,303|1,144,536|
||||||||2,420,361|2,832,223|
||||||||2021|2020|
||Deferred income||||||||
||Deferred income at||1|September||2020|1,075,026|1,313,752|
||Resources deferred||during||the year||1,282,439|1,075,026|
||Amounts
released from previous|||||periods|(1,075,026)|(1,313,752)|
||||||||1,282,439|1,075,026|
##
##
##
||||2021f|2020f|
|---|---|---|---|---|
||Bank loans (see note 20)||1,895,931|160,069|
||Finance lease (see note 21)||243,663|370,089|
||Other creditors||233,683|194,615|
||||2,373,277|724,773|
|20.|Loans||||
||An analysis ofthe maturity of|loans is given below:|||
||||2021f|2020
8|
||Amounts
falling due within one year on demand:||||
||Loans||114,036|49,124|
||Amounts
falling between one|and two years:|||
||Loans - 1-2years||146,492|49,124|
||Amounts
falling due between|two and five years:|||
||Loans - 2-5years||353,824|110,945|
||Amounts
falling due in more than five years:||||
||Repayable
by instalments:||||
||Loans more 5years||1,395,615||
##
##
##
##
|Leasing agreeme|nts|||
|---|---|---|---|
|||Finance||
|||lease||
|||2020
6|2020f|
|Net obligations|repayable:|||
|Within one year||122,829|100,983|
|Between one and|five years|243,663|370,089|
|In more than five|years|||
|||366,492|471,072|
||2021|2020|
|---|---|---|
||f|f|
|Within one year|88,071|57,097|
|Between one and five years|107,028|67,581|
||195,099|124,678|
##
|The following secured debts are included
within|creditors:||
|---|---|---|
||2021|2020f|
|Bank loans|2,009,967|209,193|
|Finance leases|366,492|471,072|
||2,376,459|680,265|
##
##
##
||Balance at|1||||||Balance at|
|---|---|---|---|---|---|---|---|---|
||September
2020
6||Income
6|Expenditure
5|Transfers
in/out
8|Gains/
(Losses)
6||31 August
2021|
|Unrestricted|||||||||
|funds|||||||||
|Revenue|||||||||
|reserve|6,671,988||9,294,351|(9,739,500)|14,202|960,000||7,201,041|
|Designated|||||||||
|Funds|600,000|||||||600,000|
||7,271,988||9,294,351|(9,739,500)|14,202|960,000||7,801,041|
|Endowment|||||||||
|funds|||||||||
|Foundation|||||||||
|endowment|45,875|||||||45,875|
|Restricted|||||||||
|funds|||||||||
|Barnard Castle|||||||||
|School Prize &|||||||||
|Scholarship|||||||||
|Fund|479,328||(1,387)|(3,969)||101,243||575,215|
|Hearnshaw|||||||||
|Legacy|99,986||||(14,202)|||85,784|
|Science Centre|||||||||
|Donation|89,306|||(5,347)||||83,959|
||668,620||(1,387)|(9,316)|(14,202)|101,243||744,958|
|Total offunds|7,986,483||9,292,964|(9,748,816)||1,061,243||8,591,874|
##
##
##
|Statement offun|ds|- prior year||||||
|---|---|---|---|---|---|---|---|
|||Balance at|||||Balance at|
||1|September|||Transfers|Gains/|31 August|
|||2019|Income|Expenditure|in/out|(Losses)|2020|
|||6|6|6|8|f.|6|
|Unrestricted||||||||
|funds||||||||
|Revenue||||||||
|reserve||7,320,957|8,486,779|(9,168,766)|313,018|(280,000)|6,671,988|
|Designated||||||||
|Funds||900,000|||(300,000)||600,000|
|||8,220,957|8,486,779|(9,168,766)|13,018|(280,000)|7,271,988|
|Endowment||||||||
|funds||||||||
|Foundation||||||||
|endowment||45,875|||||45,875|
|Restricted||||||||
|funds||||||||
|Barnard Castle||||||||
|School Prize &||||||||
|Scholarship||||||||
|Fund||499,685|(7,190)|(3,499)||(9,668)|479,328|
|Heamshaw||||||||
|Legacy||113,004|||(13,018)||99,986|
|Science Centre||||||||
|Donation||94,653||(5,347)|||89,306|
|||707,342|(7,190)|(8,846)|(13,018)|(9,668)|668,620|
|Total offunds||8,974,174|8,479,589|(9,177,612)||(289,668)|7,986,483|
##
##
##
|Analysis|of n|et assets between funds -|current year||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restdicted|Endowment|Total|
||||funds|funds|funds|funds|
||||2021f|2021
6|2021
6|2021|
|Tangible|fixed|assets|10,137,603|79,047|45,875|10,262,525|
|Intangible|fixed assets||7,957|||7,957|
|Fixed asset investments||||638,493||638,493|
|Current assets|||2,449,119|27,418||2,476,537|
|Creditors|due|within one year|(2,420,361)|||(2,420,361)|
|Creditors|due|in more than one year|(2,373,277)|||(2,373,277)|
|Total|||7,801,041|744,958|45,875|8,591,874|
##
##
##
##
||Analysis ofnet assets|between|f|unds - prio|r|year||||
|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Restricted|Endowment|Total|
|||||||funds|funds|funds|funds|
|||||||2020
6|2020f|2020f|2020f|
||Tangible fixed assets|||||10,176,384|84,394|45,875|10,306,653|
||Intangible
fixed assets|||||690|||690|
||Fixed asset investments||||||530,786||530,786|
||Current assets|||||1,591,910|53,440||1,645,350|
||Creditors due within one year|||||(2,832,223)|||(2,832,223)|
||Creditors due
in more than one||year|||(724,773)|||(724,773)|
||Provisions
for liabilities|and charges||||(940,000)|||(940,000)|
||Total|||||7,271,988|668,620|45,875|7,986,483|
|25.|Reconciliation
of net|movement||in funds to||net cash flow|from operating|activities||
|||||||||2021f|2020
6|
||Net expenditure
for the|year (as|per Statement|||of Financial Activities)||(354,609)|(707,691)|
||Adjustments
for:|||||||||
||Depreciation
charges|||||||740,307|708,107|
||Amoitisation
charges|||||||1,533|3,825|
||Gains/(losses)
on investments|||||||(101,243)|9,668|
||Dividends,
interests
and rents from|||investments||||(1,544)|(6,942)|
||Loss on the sale offixed assets|||||||45,168|31,990|
||Decrease/(increase)
in|stocks||||||11,117|(12,437)|
||Decrease/(increase)
in|debtors||||||(53,745)|844,349|
||Increase/(decrease)
in|creditors||||||(459,552)|337,006|
||Dividend
income|||||||(12,815)|(5,828)|
||Pension
Liability Adjustment|||||||20,000|(60,000)|
||Net cash (used in) / provided||by|operating|activities|||(165,383)|1,142,047|
##
##
##
|||2021|2020|
|---|---|---|---|
||||6|
|Cash|in hand|1,819,912|1,031,353|
|Total|cash and cash equivalents|1,819,912|1,031,353|
||||At 1|||
|---|---|---|---|---|---|
||||September||At 31August|
||||2020|Cash flows|2021|
||||f|6||
|Cash at bank and||in hand|1,031,353|788,559|1,819,912|
|Debt due within|1|year|(49,124)|(64,912)|(114,036)|
|Debt due alter 1 year|||(160,069)|(1,735,862)|(1,895,931)|
|Finance leases|||(471,072)|104,580|(366,492)|
||||351,088|(907,635)|(556,547)|
##
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##
##
##
##
##
##
##
##
|Principal
actuarial|assumptions|at the Balance Sheet da|te (expressed as weighted
averages|):|
|---|---|---|---|---|
||||At 31 August|At 31August|
||||2021|2020|
||||O/0|0/0|
|Discount rate|||1.7|1.6|
|Future salary increases|||3.7|3.4|
|Future pension increases|||2.7|2.4|
|CPI inflation|||2.7|2.4|
|Pension accounts|revaluation|rate|2.7|2.4|
||At 31 August|At 31August|
|---|---|---|
||2021|2020|
||Years|Years|
|Mortality rates (in years)|||
|-for a male aged 65 now|22.3|22.2|
|- at 65for a male aged 45 now|23.3|23.2|
|-for a female aged 65 now|24.3|24.2|
|-at 65for a female aged 45 now|25.8|25.7|
|The Charity's|share ofthe assets in the scheme was|:||
|---|---|---|---|
|||At 31 August|At 31August|
|||2021|2020|
|||6|6|
|Equities||5,830,000|4,290,000|
|Property||640,000|620,000|
|Government|bonds|1,590,000|2,070,000|
|Corporate bonds||1,780,000|1,270,000|
|Cash||450,000|420,000|
|Total fair value ofassets||10,290,000|8,670,000|
##
##
##
##
||||2021f|2020
F|
|---|---|---|---|---|
|Current service cost|||170,000|170,000|
|Interest income|||(140,000)|(150,000)|
|Interest cost|||150,000|160,000|
|Total amount recognised|in the Statement|of Financial Activities|180,000|180,000|
|Moveme|nts
in th|e presen|t value ofthe defined benefit obli|gation
were as follows:||
|---|---|---|---|---|---|
|||||2021|2020|
|||||6|6|
|Opening|defined|benefit|obligation|9,610,000|9,200,000|
|Interest|cost|||150,000|160,000|
|Contributions
by||scheme|participants|20,000|20,000|
|Actuarial|losses|||250,000|280,000|
|Benefits|paid|||(280,000)|(220,000)|
|Current|service|cost||170,000|170,000|
|Closing|defined|benefit|obligation|9,920,000|9,610,000|
|||||2021f|2020|
|---|---|---|---|---|---|
|Opening|fair|value ofscheme assets||8,670,000|8,480,000|
|Expected|return||on assets|140,000|150,000|
|Actuarial|gains|||1,210,000||
|Contributions||by|employer|160,000|240,000|
|Contributions||by|scheme participants|20,000|20,000|
|Benefits|paid|||(280,000)|(220,000)|
|Closing|fair|value ofscheme assets||9,920,000|8,670,000|
##
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##
##