| Page | |
|---|---|
| Reference and administrative details of the Company, its Governors and advisers | 1-2 |
| Governors' report | 3-16 |
| Independent auditors' report on the financial statements | 17-20 |
| Statement of financial activities | 21 |
| Balance sheet | 22 |
| Statement of cash flows | 23 |
| Notes to the financial statements | 24-39 |
| Governors | MrMiroslawGliniecki,ChairandParentGovernor |
|---|---|
| MrMarkChatterton,ViceChair | |
| RevPatrick Sherlock SDB,Rector | |
| RevMarcoVillaniSDB | |
| RevPeterBrealeySDB(appointed1January2021) | |
| MrPaulTurrell | |
| MrClaytonAlmeida | |
| MrAnthonyGribbon | |
| MrsAnneNash | |
| Mrs TracyJones | |
| MrMichaelClare | |
| MrGerardOwens,Headmaster | |
| MrDavidGood,TeacherGovernor(resigned25September2020) | |
| MissCharleneEnright,TeacherGovernor(resigned25September2020) | |
| MrStevenRowe(appointed13October2021) | |
| MrPaulDalgas,TeacherGovernor(appointed25September2020) | |
| MrChristopherAdam,TeacherGovernor(appointed25September2020, resigned | |
| 4October2021) | |
| Companyregistered | |
| number | 06753037 |
| Charityregistered | |
| number | 1130166 |
| Registeredoffice | 119ReadingRoad |
| Farnborough | |
| Hampshire | |
| GU146PA | |
| Companysecretary | MrJohnMorgan |
| Independentauditors | WelldenTurnbullLimited |
| CharteredAccountants | |
| StatutoryAuditors | |
| AlbanyHouse | |
| ClaremontLane | |
| Esher | |
| Surrey | |
| KT109FQ | |
| Bankers | SantanderUKPLC |
| 2TritonSquare | |
| Regent'sPlace | |
| London | |
| NW13AN | |
| LloydsBankPLC | |
| 25GreshamStreet | |
| London | |
| EC2V7HN |
| Organisation | Purposeanduse |
|---|---|
| MaintainedSchools | UseoftheCollege’ssportingfacilitiesacrossarangeofsports |
| including,football,rugbyandbasketballinconjunctionwiththe | |
| College’sownteams. | |
| 5-a-sidefootballtournamentheldonthesportsfield.Districtfootball | |
| matchesareregularlyplayedontheCollege’sgrounds. | |
| TheMusicSchoolprovidesavenueforpublicexaminationofbrass | |
| instrumentswithstudentsfromlocalmaintainedschoolsattending. | |
| TheCollegesupportstheorganisersoftheAldershot&Farnborough | |
| MusicFestivalwhousetheRecitalHallintheMusicSchool. | |
| FlostedContinuingProfessionalDevelopment(CPD) and | |
| managementmeetingsforCatholicprimaryschoolsinFarnborough. | |
| SalesianOldBoys | Useoftheplayingfieldsduringtheeveningsforfootballtraining. |
| LocalCommunity | SportsLeadersstudyingforawardsinCommunitySportsLeadership |
| undertakingvoluntarywork,leadingandcoachinginthecommunity. | |
| FarnboroughCantamusYouthChoirholdingrehearsalsintheMusic | |
| School. | |
| UseofCollegegroundsfortheNHS'Drive-Flu’. | |
| LocalPrimarySchools | SixthFormstudentsprovidingmentoringservicesinsupportof |
| learningamongstyoungpeopleandforthosewithdisabilities. | |
| TheCollegeprovidessupportthroughtimeandexperiencedstafftoa | |
| localfederationofprimaryschools,StBernadette’sandStPatrick’s, | |
| wheretheHeadmasterchairsthegoverningbodyandamember of | |
| theteachingstaffisalsoagovernor.Anothermemberofteaching | |
| staffisagovernoratSt.Peter’sChurchofEnglandAidedJunior | |
| School. | |
| TeacherTrainingColleges | TeachingpracticeprovidedfortraineeteachersviatheUniversityof |
| Buckingham. | |
| Variousworkexperienceandteachingpracticeplacements. |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2021 | 2021 | 2021 | 2020 | ||
| Note | £ | £ | £ | £ | |
| Income from Charitable activities: | |||||
| Otherincome | 5 | 164,750 | 164,750 | 188,087 | |
| Schoolfeesandothercharges | 4 | 8,054,245 | 8,054,245 | 8,113,561 | |
| Investments: | |||||
| Interestreceivable | 3,008 | 3,008 | 11,779 | ||
| Total income | 8,222,003 | 8,222,003 | 8,313,427 | ||
| Expenditure on: | |||||
| Raisingfunds | (22,777) | (22,777) | |||
| Charitableactivities | 6 | 7,322,210 | 7,322,210 | 7,349,069 | |
| Total expenditure | 7,299,433 | 7,299,433 | 7,349,069 | ||
| Net income before net gains on | |||||
| investments | 922,570 | 922,570 | 964,358 | ||
| Netgainsoninvestments | 179,667 | 179,667 | |||
| Net income | 1,102,237 | 1,102,237 | 964,358 | ||
| Transfersbetweenfunds | 17,000 | 17,000 | |||
| Net movement in funds | 1,102,237 | 17,000 | 1,119,237 | 964,358 | |
| Reconciliation of funds: | |||||
| Totalfundsbroughtforward | 5,972,653 | 17,509 | 5,990,161 | 5,025,803 | |
| Netmovement infunds | 1,102,237 | 17,000 | 1,119,237 | 964,358 | |
| Total funds carried forward | 7,074,890 | 34,509 | 7,109,399 | 5,990,161 |
| BALANCE SHEET | BALANCE SHEET | ||||
|---|---|---|---|---|---|
| **AS AT 31 ** | AUGUST 2021 | ||||
| 2021 | 2020 | ||||
| Note | £ | £ | |||
| Fixed assets | |||||
| Tangible assets | 11 | 4,863,638 | 5,020,918 | ||
| Investments | 12 | 1,002,444 | 800,000 | ||
| Current assets | |||||
| Debtors | 13 | 367,340 | 227,942 | ||
| Cashat bank andinhand | 19 | 2,210,913 | 1,436,675 | ||
| 2,578,253 | 1,664,617 | ||||
| Creditors:amountsfalling duewithinone | |||||
| year | 14 | (1,019,534) | (1,066,859) | ||
| Net current assets | 1,558,719 | 597,758 | |||
| Total assets less current liabilities | 7,424,801 | 6,418,676 | |||
| Creditors:amountsfallingdueaftermore | |||||
| thanoneyear | 15 | (315,402) | (428,514) | ||
| Total net assets | 7,109,399 | 5,990,162 | |||
| Charity funds | |||||
| Restrictedfunds | 16 | 34,509 | 17,509 | ||
| Unrestrictedfunds | 16 | 7,074,890 | 5,972,653 | ||
| Total funds | 7,109,399 | 5,990,162 |
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Cash flows from operating activities | ||
| Net cash used in operating activities | 1,190,955 | 1,273,209 |
| Cash flows from investing activities | ||
| Interest received | 3,010 | 11,779 |
| Purchase of tangible fixed assets | (138,876) | (56,270) |
| Proceeds from sale of investments | 29,125 | |
| Net cash used in investing activities | (106,741) | (44,491) |
| Cash flows from financing activities | ||
| Medium term loan | (52,500) | |
| Bank loan repayments | (312,206) | (248,597) |
| Interest paid | (14,770) | (24,501) |
| Receipt of restricted funds | 17,000 | |
| Net cash used in financing activities | (309,976) | (325,598) |
| Change in cash and cash equivalents in the year | 774,238 | 903,120 |
| Cash and cash equivalents at the beginning of the year | 1,436,675 | 533,555 |
| Cash and cash equivalents at the end of the year | 2,210,913 | 1,436,675 |
| The notes on pages 24 to 39 form part of these financial statements |
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Grossfees | 8,032,830 | 8,010,012 |
| Less:Totalbursaries, allowancesandscholarships | (637,535) | (607,272) |
| OtherSchoolchargesincludingcateringandtransport | 658,950 | 710,821 |
| Total | 8,054,245 | 8,113,561 |
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Governmentgrants | 31,727 | 88,783 |
| Miscellaneousincome | 133,023 | 99,304 |
| 164,750 | 188,087 |
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2021 | 2021 | |
| £ | £ | |
| Staffcosts-teaching | 3,820,964 | 3,820,964 |
| Staffcosts-administration | 499,207 | 499,207 |
| Staffcosts-technical&manual | 406,044 | 406,044 |
| Otherdirectcosts | 381,836 | 381,836 |
| Depreciation | 296,154 | 296,154 |
| Catering& transport | 580,186 | 580,186 |
| Establishment&utilities | 1,154,857 | 1,154,857 |
| Schooladministration | 62,938 | 62,938 |
| Interestpayable | 14,770 | 14,770 |
| Auditorsremuneration& examfees | 105,254 | 105,254 |
| 7,322,210 | 7,322,210 | |
| Unrestricted | Total | |
| funds | funds | |
| 2020 | 2020 | |
| £ | £ | |
| Staffcosts-teaching | 3,801,413 | 3,801,413 |
| Staffcosts-administration | 540,466 | 540,466 |
| Staffcosts-technical& manual | 435,657 | 435,657 |
| Other direct costs | 423,048 | 423,048 |
| (Profit)/Lossondisposaloffixedassets | 11,504 | 11,504 |
| Depreciation | 349,388 | 349,388 |
| Catering& transport | 468,697 | 468,697 |
| Establishment&utilities | 1,114,562 | 1,114,562 |
| Schooladministration | 67,903 | 67,903 |
| Interestpayable | 24,501 | 24,501 |
| Auditorsremuneration&examfees | 111,930 | 111,930 |
| 7,349,069 | 7,349,069 |
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| This is stated after charging: | ||
| Operatingleaserentalpayments | 296,049 | 294,373 |
| Auditorsremuneration | 12,000 | 10,920 |
| Depreciation | 296,155 | 349,392 |
| Auditors' remuneration | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| FeespayabletotheCompany'sauditorfortheauditoftheCompany's | ||
| annualaccounts | 12,000 | 10,920 |
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Wagesandsalaries | 3,626,280 | 3,597,102 |
| Socialsecuritycosts | 369,520 | 357,165 |
| Contributiontodefinedcontributionpensionschemes | 693,627 | 680,731 |
| Recruitment expenses | 24,293 | 25,856 |
| 4,713,720 | 4,660,854 |
| 2021 | 2020 | ||
|---|---|---|---|
| No. | No. | ||
| Teachers | 66 | 63 | |
| Technical&manual | 14 | 16 | |
| TeachingSupport | 5 | 5 | |
| Administration | 15 | 14 | |
| 100 | 98 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| No. | No. | |||
| Intheband£60,000-£70,000 | 1 | 0 | ||
| Intheband£70,000-£80,000 | 2 | 1 | ||
| Intheband£80,000-£90,000 | 1 | 2 | ||
| Intheband£90,000-£100,000 | 0 | 1 | ||
| Intheband£100,000-£110,000 | 1 |
| Key management personnel | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Totalremunerationpaidtokeymanagementpersonnel | 455,471 | 448,592 |
| Long-term | ||||
|---|---|---|---|---|
| leasehold | Plantand | |||
| property | machinery | Motorvehicles | Total | |
| £ | £ | £ | £ | |
| Cost or valuation | ||||
| At1September2020 | 5,826,725 | 2,332,910 | 144,414 | 8,304,049 |
| Additions | 138,876 | 138,876 | ||
| At31August2021 | 5,826,725 | 2,471,786 | 144,414 | 8,442,925 |
| Depreciation | ||||
| At1September2020 | 1,155,043 | 1,985,066 | 143,022 | 3,283,131 |
| Chargefortheyear | 183,800 | 110,963 | 1,392 | 296,155 |
| At31August2021 | 1,338,843 | 2,096,029 | 144,414 | 3,579,286 |
| Net book value | ||||
| At31August2021 | 4,487,882 | 375,757 | 4,863,639 | |
| At 31August2020 | 4,671,682 | 347,844 | 1,392 | 5,020,918 |
| Listed | |
|---|---|
| investments | |
| £ | |
| Cost or valuation | |
| At1September 2020 | 800,000 |
| Additions | 202,444 |
| At31August2021 | 1,002,444 |
| Net book value | |
| At31August2021 | 1,002,444 |
| At31August2020 | 800,000 |
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Due within one year | ||
| Tradedebtors | 2,274 | 14,812 |
| Otherdebtors | 2,338 | 55,752 |
| Prepaymentsand accruedincome | 362,728 | 157,378 |
| 367,340 | 227,942 |
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Tradecreditors | 118,165 | 154,310 |
| Othercreditors | 216,989 | 148,205 |
| Accrualsanddeferredincome | 26,305 | 28,960 |
| Bankloans | 200,085 | 259,706 |
| LoanfromSDB | 52,500 | 105,000 |
| Obligations underfinanceleaseandhirepurchasecontracts | 10,895 | |
| Depositsandschoolfeesreceivedinadvance | 210,433 | 271,670 |
| Othertaxationandsocialsecurity | 96,374 | 99,008 |
| Pensionfundloanpayable | 87,788 | |
| 1,019,534 | 1,066,859 |
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Bankloans | 200,085 | |
| Othercreditors | 282,718 | 228,429 |
| Netobligationsunderfinanceleaseand hirepurchasecontracts | 32,684 | |
| 315,402 | 428,514 |
| Balanceat1 | ||||||
|---|---|---|---|---|---|---|
| September | Transfers | Gains/ | Balanceat31 | |||
| 2020 | Income | Expenditure | in/out | (Losses) | August2021 | |
| £ | £ | £ | £ | £ | £ | |
| Designated | ||||||
| funds | 825,000 | 25,000 | 850,000 | |||
| Generalfunds | 5,147,653 | 8,222,003 | (7,299,433) | (25,000) | 179,667 | 6,224,890 |
| Restrictedfunds | 17,509 | 17,000 | 34,509 | |||
| 5,990,162 | 8,222,003 | (7,299,433) | 17,000 | 179,667 | 7,109,399 | |
| Summary of funds - prior year | ||||||
| Balanceat | Balanceat | |||||
| 1September | Transfers | 31August | ||||
| 2019 | Income | Expenditure | in/out | 2020 | ||
| £ | £ | £ | £ | £ | ||
| Designatedfunds | 800,000 | 25,000 | 825,000 | |||
| Generalfunds | 4,208,295 | 8,313,427 | (7,349,069) | (25,000) | 5,147,653 | |
| Restrictedfunds | 17,508 | 17,508 | ||||
| 5,025,803 | 8,313,427 | (7,349,069) | 5,990,161 |
| Analysis of net assets between funds - current year | |||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| 2021 | 2021 | 2021 | |
| £ | £ | £ | |
| Tangiblefixedassets | 4,863,639 | 4,863,639 | |
| Fixedassetinvestments | 1,002,444 | 1,002,444 | |
| Current assets | 2,543,744 | 34,509 | 2,578,253 |
| Creditors duewithinoneyear | (1,019,535) | (1,019,535) | |
| Creditorsdueinmorethanoneyear | (315,402) | (315,402) | |
| Total | 7,074,890 | 34,509 | 7,109,399 |
| Analysis of net assets between funds - prior year | |||
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| 2020 | 2020 | 2020 | |
| £ | £ | £ | |
| Tangiblefixedassets | 5,020,918 | 5,020,918 | |
| Fixedassetinvestments | 800,000 | 800,000 | |
| Current assets | 1,647,109 | 17,508 | 1,664,617 |
| Creditors duewithinoneyear | (1,066,859) | (1,066,859) | |
| Creditorsdueinmorethanoneyear | (428,514) | (428,514) | |
| Tl | 5,972,654 | 17,508 | 5,990,162 |
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Netincomefortheyear(asperStatementofFinancialActivities) | 1,102,237 | 964,358 |
| Adjustments for: | ||
| Depreciationcharges | 296,154 | 349,389 |
| Gains/(losses)oninvestments | (202,444) | |
| Dividends,interestsandrentsfrom investments | (29,125) | |
| Lossonthesaleoffixedassets | 11,504 | |
| Increaseindebtors | (139,398) | (11,531) |
| lncrease/(decrease) increditors | 151,769 | (53,234) |
| Interestincome | (3,008) | (11,779) |
| Interestexpense | 14,770 | 24,501 |
| Net cash used in operating activities | 1,190,955 | 1,273,208 |
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Cashatbank andinhand | 2,210,913 | 1,436,675 |
| Total cash and cash equivalents | 2,210,913 | 1,436,675 |
| At1 | ||||
|---|---|---|---|---|
| September | Newfinance | At31August | ||
| 2020 | Cashflows | leases | 2021 | |
| £ | £ | £ | £ | |
| Cashatbank andinhand | 1,436,675 | 774,238 | 2,210,913 | |
| Debt duewithin 1year | (364,706) | 24,332 | (340,374) | |
| Debtdueafter1 year | (200,085) | 200,085 | ||
| Financeleases | (43,579) | (43,579) | ||
| 871,884 | 998,655 | (43,579) | 1,826,960 |
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Notlaterthan1year | 360,044 | 370,806 |
| Laterthan1yearandnotlaterthan5years | 1,334,732 | 1,216,487 |
| Laterthan5years | 7,674,709 | 7,064,952 |
| 9,369,485 | 8,652,245 |
| 2021 | 2020 |
|---|---|
| £ | £ |
| 389,528 | 372,660 |