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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|
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schools oftheir cho|ice;||||
|---|---|---|---|---|
|Ashford School|||1 place,|1 scholarship|
|Brentwood School|||2places||
|Christ's Hospital|||1 offal.||
|Cottesmore
School|||2places||
|Duke ofYork Military School|||1 place||
|Felsted School|||2 offers,|2 scholarships|
|Hockerill Anglo European||School|1 place||
|Holmeswood
House School|||2places||
|Latymer Grammar|School||1 place||
|New Hall School|||1 offer||
|Normanhurst
School|||1 place||
|Royal Hospital School|||2 offers||
|St.Edmund
School|||2places||
|Windlesham
House|School|(Lancing 13+)|2places||
|Other Schools-|||||
|Loxford School|||1 place||
|Oaks Park|||1 place||
|Valentine s|||2places||
|Trinity Catholic School|||1 place||
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|||||2021|2020|
|---|---|---|---|---|---|
|||||Unrestricted|Total|
|||||fund|funds|
||||Notes|g||
|Income and endowments||from||||
|Donations|and legacies|||1,000|226|
|Other trading activities||||1,194,609|1,268,308|
|Investment|income|||475|3,014|
|Other income||||24,808|36,523|
|Total||||1,220,892|1,308,071|
|Expenditure
on||||||
|Raising funds||||20,968|40,109|
|Charitable|activities|||||
|School||||1,297,719|1,379,118|
|Other|||||12,687|
|Total||||1,318,687|1,431,914|
|NET INCOME/(EXPENDITURE)||||(97,795)|(123,843)|
|Reconciliation offunds||||||
|Total funds|brought forward|||1,713,946|1,837,789|
|Total funds|carried forward|||1,616,151|1,713,946|
##
||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|
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|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|
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|Donations|and|legacies|||
|---|---|---|---|---|
||||2021|2020|
|Donations|||1,000|226|
|Other trading||activities|||
||||2021|2020|
|Preparatory|School fees||1,028,715|1,141,961|
|Nursery fees|||161,761|104,372|
|Lettings|||2,703|12,575|
|School shop||||15|
|Visits income|||1,430|2,300|
|PEIncome||||3,635|
|Music exam|fees|||232|
|Club income||||3,218|
||||1,194,609|1,268,308|
|Investment|income||||
||||2021|2020|
|UK Bank interest receivable|||475|3,014|
##
|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|
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|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|
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|
f60,000was:||py|p
||
|---|---|---|---|---|
||||2021|2020|
|f60,001 - f70,000|||1|1|
|Tangible fixed assets|||||
|||Improvements|Fixtures||
||Freehold|to|and||
||property|property|fittings|Totals|
|Cost|||||
|At 1st September 2020 and|||||
|31stAugust 2021|1,163,455|451,403|56,843|1,671701|
|Depreciation|||||
|At 1st September 2020|54,144|42,608|48,179|144,931|
|Charge for year|6,177|9,028|5,252|20,457|
|At 31stAugust 2021|60,321|51,636|53,431|165,388|
|Net book value|||||
|At 31stAugust 2021|1,103,134|399,767|3,412|1,506,313|
|At 31stAugust 2020|1,109,311|408,795|8,664|1,526 770|
|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||
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||Minimum|lease payments|lease payments|under non-cancellable|operating|leases fall due|as follows:||
|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|
||Between one||and five years||||3,812|5,187|
|17.|Provisions|for liabilities|||||||
||||||||2021|2020|
|||||||||g|
||Provision|for|pension deficit||||83,141|91,749|
|18.|Movement|in funds|||||||
||||||||Net||
||||||||movement|At|
|||||||At 1/9/20|in funds|31/8/21|
||Unrestricted||funds||||||
||General fund|||||1,713,946|(97,795)|1,616,151|
||TOTAL FUNDS|||||1,713,946|(97,795)|1,616,151|
|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|Unrestricted|funds||||
|General fund||1,220,892|(1,318,687)|(97,795)|
|TOTAL FUNDS||1,220,892|~),318,687)|~97,793|
##
||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 1/9/19|in funds|31/8/20|
|Unrestricted|funds||||
|General fund||1,837,789|(123,843)|1,713,946|
|TOTAL FUNDS||1,837,789|~)23,843)|1,713,946|
##
|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|Unrestricted|funds||||
|General fund||1,308,071|(1,431,914)|(123,843)|
|TOTAL FUNDS||1,308,071|~1,431,914)|~123 1143)|
||||Net||
|---|---|---|---|---|
||||movement|At|
|||At I/9/19|in funds|31/8/21|
|Unrestricted|funds||||
|General fund||1,837,789|(221,638)|1,616,151|
|TOTAL FUNDS||1,837,789|~221,638)|1,616,151|
|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|Unrestricted|funds||||
|General fund||2,528,963|(2,750,601)|(221,638)|
|TOTAL FUNDS||2,528,963|~2,750,607)|~221,638)|
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||||31 August|31August|31Augusts|
|---|---|---|---|---|---|
|Present|value|ofprovision|2021(fs)
83,141|2020(fs)
91,749|2019(fs)
87,284|
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||||||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||||||
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