2021-08-31-accounts - The Ursuline Preparatory School Ilford

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		Page
Report ofthe trustees	I	to	7
Report ofthe independent auditors	8	to	11
Statement offinancial activities		12
Statement offinancial position		13
Statement ofcash flows		14
Notes to the statement ofcash flows		15
Notes to the financial statements	16	to	26

	The	Ursuline Preparatory School Ilford
		Statement ofFinancial Position
		31stAugust 2021
			2021	2020
			Unrestricted	Total
		Notes	fund f	fundsf
Fixed assets
Tangible	assets		1,506,313	1,526,770
Current	assets
Debtors Cash at bank and in hand		12	11,146 448,911	8,474 480,043
			460,057	488,517
Creditors
Amounts	falling due within one year	13	—(189,465)	(148,442)
Net current assets			270,592	340,075
Total assets less current liabilities			1,776,905	1,866,845
Creditors
Amounts	falling due atter more than	one
year		14	(77,613)	(61,150)
Provisions	for liabilities	17	(83,141)	(91,749)
NET ASSETS			1 616,151	1 713946
Funds		18
Unrestricted funds			1,616,151	1,713,946
Total funds			1,616 151	1,713946

		Statement of for the Year Ended	Cash Flows 31stAugust 2021
			2021	2020
		Notes
Cash flows from operating	activities
Cash generated from operations Pension deficit funding			(71,492) ~9,640	(229,929) ~9,251
Net cash used in operating	activities		~81,132)	L239,180)
Cash flows from financing	activities
New loans in year			~50000
Net cash provided by financing		activities	50,000
Change in cash and cash equivalents
in the reporting period			(31,132)	(239,180)
Cash and cash equivalents	at	the
beginning ofthe reporting	period		480,043	719,223
Cash and cash equivalents	at	the end
ofthe reporting period			~448 911	480,043

Notes t for the	o the Statement ofCash Flows Year Ended 31stAugust 2021
Reconciliation ofnet expenditure	to net cash flow from operating	activities
		2021	2020
Net expenditure for the reporting offinancial activities) Adjustments for:	period (as per the Statement	(97,795)	(123,843)
Depreciation charges		20,456	20,456
Interest on pension deficit		1,032	1,030
Further provision on pension deficit			12,687
(Increase)/decrease in debtors		(2,672)	6,232
Increase/(decrease) in creditors		7,487	~146,491
Net cash used in operations		~71,492)	(229,929)
Analysis ofchanges in net funds
	At 1/9/20	Cash flow	At 31/8/21
Net cash
Cash at bank and in hand	480,043	31,132	448,911
	480,043	31,132	448,911
Debt
Debts falling due within 1 year		(6,311)	(6,311)
Debts falling due after 1 year		~43,688	~43,688
		~49,999	~49,999
Total	480043	~81,131	398,912

5.	Raising	funds	funds	funds
	Raising	donations			and	legacies
								2021	2020
	Bursaries							20,968	40,109
6.	Charitable		activities costs
								Support
							Direct	costs (see
							Costs	note 7)	Totals
	School						1,051 645	246,074	1,297,719
7.	Support	costs
								Governance
							Other	costs	Totals
								f.
	School						224,765	21,309	246,074
8.	Net income/(expenditure)
	Net income/(expenditure)					is stated atter charging/(crediting):
								2021	2020
	Auditors'	remuneration						5,793	5,793
	Other non-audit			services				4,300	5,577
	Depreciation		-	owned assets				20,457	20,456
	Other operating			leases				5,765	9,335

Staff costs
			2021	2020
Wages snd salaries			743,549	723,523
Social security costs			67,211	65,012
Other pension costs			123,449	~130755
			934,209	919,290
The average monthly	number ofemployees	during the year was as follows:
			2021	2020
Total			29	28

11.	f60,001 - f70,000 Tangible fixed assets

		for the Year Ended 31stAugust 2021	for the Year Ended 31stAugust 2021
12.	Debtors: amounts	falling due within one year
				2021	2020
					K
	Fees receivable			11,146	8,474
13.	Creditors: amounts		falling due within one year
				2021	2020
	Bank loans and overdrails (see note 15)			6,311
	Fees in advance			104,494	62,738
	Trade creditors			3,049	4,890
	Deposits received from parents			5,800	5,700
	Social security and other taxes			18,374	15,647
	Other creditors			21,429	35,811
	Pension control			14,154	13,966
	Accrued expenses			15,854	9,690
				189,465	148,442
14.	Creditors: amounts		falhng due after more than one year
				2021	2020
				g
	Bank loans (see note		15)	43,688
	Deposits received 1'rom parents			33,925	61,150
				77,613	61,150
15.	Loans
	An analysis ofthe maturity ofloans is given below:
				2021	2020
	Amounts falling due	within one year on demand:
	Bank loans			6,311
	Amounts falling between one and two years:
	Bank loans - 1-2years			9,666
	Amounts falling due	between two and five years:
	Bank loans - 2-5 years			30,491
	Amounts falling due	in more than five years:
	Repayable by instalments:
	Bank loans more 5yr		by instal	3,531

			31 August	31August	31Augusts
Present	value	ofprovision	2021(fs) 83,141	2020(fs) 91,749	2019(fs) 87,284

					Period
					Ending31
				Period Ending31	August
Provision at start	ofperiod			August 2021(gs) 91,749	2020(fs) 87,284
Unwinding ofthe discount factor (interest expense)				784	1,030
Deficit contribution paid )Remeasurements -impact ofany change in assumptions Provision at end ofperiod				(8,699) (693) 83,141	(8,446) 11,881 91,749
INCOME AND EXPENDITURE IMPACT
					Period
					Ending31
				Period Ending31	August
				August 2021(8s)	2020(gs)
Interest expense Remeasurements	-impact ofany change in assumptions			784 (693)	1,030 11,881
Remeasurements	-amendments	to the contribution	schedule
Contributions paid in respect offuture services