2021-07-31-accounts

	Page
Governors, officers and organisation	1 - 2
Governors’ report	3 — 8
Statement of Governors’ responsibilities	9
Independent auditors’ report	10— 12
Statement offinancial activities	13
Balance sheet	14
Cash flow statement	15- 18
Notes to the accounts	17 -32

	2019-2020	2020-2021
Infants & Junior Division	296	355
Senior Division	642	666
Sixth Form division	197	207
	1,135	1,228

he calculation offreereserves at 31 July 2021 is as follo	ws:
	£‘OOO	£000
Unrestricted funds at yearend		45,172
Less fixed assets per accounts	(63,517)
Add back
Monies owed under the VINCI Build Contract	2,960
Bank drawdown to fund VINCI Build Contract	18.000	(42,557)
Free reserves at year end		..2&15

		Unrestricted	Restricted	Endowment	Total	Total
		Funds	Funds	Funds	2021	2020
	Notes	£‘OOO	£‘OOO	£‘OOO	£‘OOD	£000
Income and endowments
from:
Donations and legacies		277	45	-	322	650
Investment income	2	1	24	-	25	63
Charitable activities:
School fees	3	14,232	-	-	14,232	12495
Ancillary trading income	4	278	-	-	278	352
Other incoming resources	5	185	5		190	235
Total incoming resources		14,973	74	-	15,047	13,795
Expenditure on:	6
Raising funds
Costs of fundraising		4	-	-	4	-
Ancillarytrading costs		502	-	-	502	440
Financing costs		790	-	-	790	832
		1,296	-	-	1,296	1,272
Charitable activities
Education and grant making		12,658	594	-	13,252	11,593
rotal resources expended		13,954	594	-	14,548	12,865
Net incoming resources		1,019	(520)	-	499	930
from operations before
transfers and investment
gains
Gains on investment assets		-	42	74	116	(49)
Gain on disposal of land and		2,275	-	-	2,275	18
buildings
Transfer between funds
Net movement in funds		3,294	(478)	74	2,890	699
Fund balances at 1 August		41,878	1,022	445	43,345	42446
2020
Fund balances at 31 July		45,172	544	519	46,235	43345
2021

			2021			2020
	Notes	£‘OOO		£‘OOO	£‘OOO		£000
Fixed assets
Tangible assets	9			63,517			62,638
Investments	10			758			643
				64,275			63,281
Current assets
Assets held for resale					3,051
Debtors	11	683			2,637
Cash at bank and in hand		9.354			8.665
		10,037			14,353
Creditors: amounts falling due within
one year:	12	(10.781)			(20.016)
Net current (Iiabilities)Iassets							(5.663)
Total assets less current liabilities				63,531			57,618
Creditors: amounts falling due after	13			(17.296)			(14,273)
more than one year
Net assets				46.235			43345
Endowment funds	17			519			445
Restricted funds	18			544			1,022
Unrestricted funds	19			45.172			41,878
							43345

		2021		2020
	Notes	£‘OOO	£‘OOO	£000	£000
Net cash (oufflow)Iinflow from	(i)		(1,031)		12328
operating activities
Cash flows from investing activities
Financing costs		(790)		(832)
Investment income		24		26
Interest received		1		37
Net proceedsfrom sale of fixed assets		5,328		19
Payments to acquire tangible fixed		(2,491)		(31 977
assets
Net cash froml(used) in investing			2,072		(32,727)
activities
Cash flows from financing activities
AIB loan drawdown		6,000		18,351
Loan repayments		(6,352)		-
Net cash (used in)/from financing					18351
activities
Change in cash and cash equivalents			689		(2048)
in the year
Cash and cash equivalents at the			8,665		10,713
beginning ofthe year
Cash and cash equivalents at the end	(ii)				8ñ5
ofthe year
(i) Reconciliation ofnet income to cash flow from
operating activities			2021		2020
			£‘OOO		£000
Net incoming resources			499		930
Investment income			(24)		(26)
Financing costs			790		832
Interest received			(1)		(37)
Depreciation oftangible fixed assets			1,611		326
Decrease in debtors			1,954		4,992
(Decrease)/increase in creditors			(5.860)		5,311
Net cash (outflow)/inflow from operations
(ii) Analysis ofcash and cash equivalents			2021		2020
			£000		£000
Cash at bank

(i	ii) Reconciliation of net debt
		1 August
		2020	Cashflow	31 July 2021
		£000	£000	£‘OOO
Cash	in hand and at bank	8665	689	9,354
Bank	loan due in less than one year	(6,000)	5,200	(800)
Bank	loan due in greaterthan one year	(12,352)	(4.848)	(17.200)
			1.041	(8.646’s

		Unrestricted	Restricted	Total	Total
		funds	funds	2021	2020
		£000	£‘OOO	£000	£000
Income	shares in COIF	-	24	24	26
Interest	receivable	I	-	I	37
		1	24	25	63

	Total	Total
	2021	2020
	£‘OOO	£000
School fees
The school’s fee income comprised:
Grossfees	15,833	14,642
Less: Total bursaries, grants and allowances	(1,642)	(2,241)
	14,191	12,401
Add:
Bursaries and scholarships paid for by Restricted Funds	41	94
School fees	14,232	12,495
Bursaries and scholarships paid for by Restricted
Fund:
Governors’ bursaries and scholarships	41	94
	41	94

		2021	2020
		£‘OOO	£‘OOO
Dining	Hall	278	329
School	shop	-	23
		278	352

	Unrestricted	Restricted	Total	Total
	funds	funds	2021	2020
	£‘OOO	£‘OOO	£000	£000
Fundraising events	-	5	5	-
Furlough grants	121	-	121	191
Lettings income	64		64	44
	185	5	190	235

	Staff		Other	Grant	Total	Total
	costs	Depreciation	costs	funding	2021	2020
	£‘OOO	£‘OOO	£‘OOO	£‘OOO	£‘OOO	£000
Costs ofgenerating funds
Fundraising	-	-	4	-	4
Ancillary trading costs	-	-	502	-	502	440
Financing costs	-	-	790	-	790	832
Total cost of generating	-	-	1,296	-	1,296	1,272
funds
Charitableexpenditure
Education and grant
making
Teaching	7,145	1,586	881	82	9,694	8,315
Welfare	50	-	161	-	211	200
Premises	596	-	1,642	-	2,237	1,938
Support costs (note a)	710	25	374	-	1,110	1,140
Total charitable	8,501	1,611	3,058	82	13,252	11,593
expenditure
Total expended	8,501	1,611	4,354	82	14,548	12,865

	2021	2020
	£‘OOO	£000
Accountancy charges	25	21
Other governance costs	35	74
	60	95

taffcosts
The average number of employees during the year	Number	Number
	2021	2020
Teaching	109	111
Welfare	2	3
Premises	39	37
Support	86	88
	236	239

The aggregate payroll costs forthe year were as follows:	2021	2020
	E’OOO	£000
Wages and salaries	6,660	6634
Social security costs	636	627
Other pension costs	1,179	1182
Apprenticeship Levy	18	18
	6,493	8,461
	2021	2020
	£‘OOO	£000
Aggregate employee benefits of key management personnel	870	876

8.	Staffcosts (continued)
		2021	2020
	Number of higher paid employees in bands of:
	£60,001 to £70,000	2	2
	£70,001 to £80,000	2	2
	£90,001 to £100,000	0	1
	£100,001 to110,000	1	0
	£110,001 tofl20,000	0	0
	£120,001 to £130,000	1	0
	£130,001 to1140,000		1

Tangible Fixed Assets
		Fixtures,
		fittings,
	Land &	plant &		Motor
	Buildings	equipment	Computers	vehicles	Total
	£‘OOO	£‘OOO	£‘OOO	£‘OOO	£‘OOO
Cost (or deemed cost)
At 1 August 2020	62,176	1,016	648	379	64,219
Additions	1,920	372	147	52	2,491
Disposals	-	(221)	(104)	(24)	(349)
At 31 July 2021	64,096	1,167	691	407	66,361
Depreciation
At 1 August 2020	172	731	341	337	1,581
On disposals	-	(221)	(104)	(24)	(349)
Charge forthe year	1,296	127	164	25	1,612
At31 July2021	1,468	637	401	338	2,844
Net book value
At 31 July 2021	62,628	530	290	69	63,517
At 31 July 2020	62,004	285	307	42	62,638

ixed asset investment
Cost orvaluation:	£‘OOO
Market value at 1 August 2020	643
Disposals
Change in value in the year	11
Market value at 31 July 2021	758

The investment assets held at the end ofthe year are:	£‘OOO
Income shares in COIF	519
Charifund Units	220
Fixed Interest Bonds	18
Ground Rents	I
	758
	£‘OOO
Historical cost:
At 31 July 2021	115
At 31 July 2020	115

ebtors
	2021	2020
	£‘OOO	£‘OOO
Fees	140	554
Other debtors	180	1,648
Prepayments and accrued income	363	435
	663	2,637

Creditors: amounts falling due within one year:
	2021	2020
	£‘OOO	£000
Bank loan	800	6,000
Trade creditors	272	2,792
Taxes and social security costs	170	159
Other creditors	3,584	6716
Accruals	1,724	808
Deferred income	4,231	3,541
	10,781	20,016

	2021	2020
	£‘OOO	£000
Bank loan	17,200	12,352
Other creditors	-	1,889
Deferred income	96	32
	17,296	14,273

					2021	2020
					£‘OOO	£000
Loan maturity analysis
Debt due in one year or less					800	6,000
In	more	than	one	year but not more than two years	800	800
In	more	than	two	years but not more than five years	2,400	2,400
In	more	than	five	years	14,000	9,152
					18,000	18,352
Included in liabilities falling due within one year					(800)	(6.000)
					17,200	12,352

Fees received in advance
	2021	2020
	£‘OOO	£000
Deferred income is included within:
Creditors due within one year	4,231	3,541
Creditors due after more than one year	96	32
	4,327	3,573
Total deferred income at 1 August 2020	3,573	3,508
Amounts received in year	4,327	3,573
Amounts credited to statement offinancial activities	(3,573)	(3,508)
Total deferred income at 31 July 2021	4,327	3,573

		2021	2020
		£‘OOO	£‘OOO
	Within one year	4,231	3,541
	Within onetofive years	96	32
		4,327	3,573
15,	Financial instruments
		2021	2020
		£‘OOO	£000
	Financial assets measured at amortised cost (a)	9,673	10,867
	Financial assets measured at fairvalue (b)	758	643
	Financial liabilities measured at amortised cost (c)	3,856	11,397
	Net financial (liabilities)/assetsmeasured at amortised cost	5,817	(530)

		Movement in funds	Movement in funds	Movement in funds
	Balance
	at I				Balance
	August	Incoming	Resources	Investments	at 31 July
	2020	resources	expended	gainsllosses	2021
	£‘OOO	£000	£‘OOO	£‘OOO	£‘OOO
Permanent endowments
Horsfield Bursary Fund	347	-	-	58	405
Brocklehurst Scholarship	98	-	-	16	114
Fund
	445	-	-	74	519

			Movement in funds	Movement in funds
	Balance
	at I					Balance
	August	Incoming	Resources	Investments		at 31
	2020	resources	expended	gainsllosses	Transfers	July
						2021
	£‘OOO	£000	£000	£‘OOO	£000	£‘OOO
Horsfield Bursary Fund	I	11	(11)	-		I
Brocklehurst Scholarship	51	3	(3)	-		51
& Other Prize Funds
Quincentenary Bursary	253	51	(23)	6		287
Fund
Cricket pitch and bridge	508	-	(508)	-
fund
Bursary & Scholarship	168	9	(8)	36		205
Fund
Sport Now Fund	41	-	(41)	-	-
	1,022	74	(594)	42	-	544

	Balance
	at I			Gain on			Balance
	August	Incoming	Resources	sale of	Transfers		at 31
	2020	resources	expended	assets			July
							2021
	£‘OOO	£‘OOO	£‘OOO	£‘OOO	£‘OOO		£‘OOO
Unrestricted	41,878	14,973	(13,954)	2,275	-		45,172
general funds
	41,878	14,973	(13,954)	2,275		-	45,172

20.	Analysis of netassets between	funds
		Unrestricted	Restricted	Endowment
		funds	funds	Funds	Total
					2021
		£‘OOO	£000	£000	£‘OOO
	Fund balances as at 31 July
	2021 are represented by:
	Tangible fixed assets	63,517			63,517
	Investments		239	519	758
	Current assets	9,732	305	-	10,037
	Creditors: amounts falling due	(10,781)			(10,781)
	within one year
	Creditors: amounts falling due	(17,296)			(17,296)
	after one year
		45,172	544	519	46,235
		Unrestricted	Restricted	Endowment
		funds	funds	Funds	Total
					2020
		£‘OOO	£‘OOO	£000	£‘OOO
	Fund balancesas at 31 July
	2020 are represented by:
	Tangible fixed assets	62,638	-	-	62,638
	Investments	2	196	445	643
	Current assets	13,527	826	-	14,353
	Creditors: amounts falling due	(20,016)	-	-	(20,016)
	within one year
	Creditors: amounts falling due	(14,273)	-	-	(14,273)
	after more than one year
		41,878	1,022	445	43,345
21.	Capital commitments
				2021	2020
				£‘OOO	£000
	At 31 July 2021 the School had no capital commitments.
	Expenditure contracted for but not provided in the year				1,140
22.	Operating lease commitments
				2021	2020
				£000	£000
	Within one year				40

		Unrestricted	Restricted	Endowment	Total
		Funds	Funds	Funds	2020
	Notes	£‘OOO	£‘OOO	£‘OOO	£‘OOO
Income and endowments
from:
Donations and legacies		96	554	-	650
Investment income	2	36	27	-	63
Charitable activities:
School fees	3	12,495			12,495
Ancillary trading income	4	352			352
Other incoming resources	5	235			235
Total incoming resources		13,214	561	-	13,795
Expenditure on:	6
Raising funds
Ancillary trading costs		440	-	-	440
Financing costs		832	-	-	832
		1,272	-	-	1,272
Charitable activities
Education and grant making		11,496	97	-	11,593
Total resources expended		12,768	97	-	12,865
Net incoming resources		446	484	-	930
from operations before
transfers and investment
gains
Gains on investment assets		-	(50)	1	(49)
Gain on disposal of land and		18	-	-	18
buildings
Transfer between funds
Net movement in funds		464	434	1	899
Fund balances at 1 August		41,414	588	444	42,446
2019
Fund balances at 31 July		41,878	1,022	445	43,345
2020