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||Page|
|---|---|
|Governors, officers and organisation|1<br>- 2|
|Governors’ report|3<br>— 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|





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



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|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|



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|||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|||||||





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||||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|





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|||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)<br>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)<br>Analysis ofcash and cash equivalents|||2021||2020|
||||£000||£000|
|Cash at bank||||||





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|(i|ii)<br>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|





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|||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|





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||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|



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



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||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|





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||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|





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|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|





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|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|



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|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|





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|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|



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





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|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|





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|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)|





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|||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|





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||||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|



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||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|





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|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|





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|||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||||||