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||**Page**|
|---|---|
|ReferenceandAdministrative Details|2|
|ReportoftheTrustees|7|
|Independent Auditor's Report|37|
|Consolidated Statementof Financial Activities|**41**|
|Consolidatedand Charity Statements of Financial Position|**42**|
|Consolidated Statement of cash Flows|43|
|Notestothe Financial Statements|44|





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|**Trustees**||Appointment|Committees|
|---|---|---|---|
|Revd DrCTSamuel||_Choir_|**Ex N**|
|**Mr N** Buckland QBE|_(until 31 August 2021)_|c|**AN**|
|Revd S Burgess||**M**|**AwExN**|
|Mrs E Cleland|_(DeputyChoirfrom 1 September 2021)_|**M**|**A Ex N**|
|Mrs LCocking|_(Choirs nomineefrom 1 September 2021)_|T||
|Mrs B Easton||**M**|E|
|MrM Edwards||c||
|MrS Holliday||T|FR|
|MrHMonro||T|AR|
|LadyFMynors||T|ARN|
|Mr K Norman|_(DeputyChoir, Trustee until 31 August 2021)_|T|ExN|
|RevDrJ Pye|_Choir ofDistrict_|**M**||
|Mr Rîhomas||c||
|DrJ **N**Tunnicliffe||T|Ex F|
|Revdcanon Dr Sir RWaller|_(Until 1 September 2021)_|**M**|**N**|
|MrJWeaving||T|F|
|Vacancy|_Loma Cockingfrom 1 September 2021_|c||
|Vacancy|_Connexional Representative_|**M**||



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|**Acquired Schools**|Address|Charity|Head|
|---|---|---|---|
|_(consolidated into MIST)_||**No.**||
|Lorenden School|Painter's Forstal, Faversham,|1048805|**Mrs K** Uttley _(until 31_|
||Kent **ME13 OEM**||_August 2021)_|
||||Mr Richard McIntosh|
||||_(from 1 September 2021)_|
|Moorlands School Limited|Foxhill Drive, Leeds LS16 5PF|529216|Miss J Atkinson|
|St Petroc's School Trust|40 Ocean View Road, Bude,|306578|**Mr** B Hilton _(until 30 April_|
|Limited|Cornwall EX23 8NJ||_2021)_|
||||Ms TWhite _(Nursery_|
||||_Managerfrom August_|
||||_2021)_|
|Truro High School for Girls|Falmouth Road, Truro,|306577|Mrs S Matthews|
||Cornwall TR1 2HU|||



|nies are:||
|---|---|
||Company reg. no.|
|Lorenden School Limited|3093684|
|Moorlands School Limited|810136|
|St Petroc's School Trust Limited|**884821**|
|Truro High School for Girls Trustees|06156433|



|nies are as follows:||
|---|---|
||Company reg. no.|
|Culford School (TradingTrust) Limited|1411769|
|Farringtons School Enterprises Limited|2723164|
|Kent College (Canterbury) Enterprises Limited|2728990|
|Kent College (Pembury) Enterprises Limited|2728994|
|Shebbear College Enterprises Limited|2728991|
|Queen's College Taunton Enterprises Limited|2754531|
|Truro School Enterprises Limited|2728988|
|Woodhouse Grove Enterprises Limited|2448747|



|||
|---|---|
||Company reg. no.|
|Moorlands School Enterprises Limited|3726256|
|Truro High School Trading Limited|8920547|





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||Trustees/Members|Activity|Charity no.|
|---|---|---|---|
|Thomas Robinson Ferens|Methodist Schools|Provision of scholarships|313642|
|Scholarship Bequest for|Property Company as|and bursaries|(Linkedto|
|Methodist Schools|theTrusteeofthe||MIST in|
||Methodist Independent||following<br>financial|
||Education Trust||year)|
|TheThompson Educational|Methodist Schools|Provision of scholarships|230422|
|Trust|Property Company as|and bursaries to||
||theTrustee of the|Methodist presbyters||
||Methodist Independent|||
||Education Trust|||
|Woodhouse Grove School|Methodist Independent|Support toWoodhouse|1176406|
|Foundation|Schools Trust (sole|Grove School-principally||
||member)|by fundraising activities||



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||MIST School|Activity|Charity no.|
|---|---|---|---|
|Culford School General|Culford School|Charitable support ofthe|**1142794-1**|
|CharitableTrust||school||
|Stratford House School|Farringtons School|Bursaries for children at|**1142794-2**|
|Educational Fund||the school||
|Friends of Kent College|Kent College Canterbury|Furtherance of education|**1142794-3**|
|Canterbury Limited||at Kent College||
|The Kent College Canterbury|Kent College Canterbury|Charitable support of the|**1142794-4**|
|Development Fund||school||
|Simon Rattenbury Scholarship|Shebbear College|Assistanceto boys at the|**1142794-5**|
|||school||
|Shebbear College Development|Shebbear College|Charitable support ofthe|**1142794-6**|
|Fund||school||





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|The Kent College (Wottonley|Kent College Canterbury|Scholarships and bursars|1142794-8|
|---|---|---|---|
|House) Fund||tothe school forchildren||
|||in the local area||
|Thefollowing charity is linked totheWoodhouse Grove School Foundation||||
|Southerns Memorial|Woodhouse Grove|University scholarships|1176406-1|
|Scholarship Fund||for boys who have||
|||attended Woodhouse||
|||Grove School||



|**Associated Schools**|Address|Charity No.|Head|
|---|---|---|---|
|Ashville College|Green Lane,|529577|Mrs Rhiannon Wilkinson|
||Harrogate HG2 9JP||_(from 1 September 2021)_|
||||Mrs Elspeth Fisher|
||||_(Acting Head July 2020 to_|
||||_August 2021)_|
|Kingswood School|Lansdown Road, Bath BAl 5RG|309148|MrA Gordon-Brown|
|Rydal Penrhos limited|Colwyn Bay,|1063489|Mr J Waszek|
||North Wales LL29 7BT|||





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||**Current Reporting Year**|**Baseline Reporting Year**|
|---|---|---|
||**2020-2021**|**2019-2020**|
||**UK GHG Emission and**|**UK GHG Emission and**|
||**Energy Data**|**Energy Data**|
|Energyconsumption usedto calculate|||
|emissions **(kWh);** all mandatoryenergy|**34,095,322.84**|**36,997,356.9**|
|sourcesare included.|||
|Scope 1: Emissionsfromthe combustion<br>ofNatural Gas **(tCOe)**|**3,569.65**|**3,542.34**|
|Scope 1: Emissionsfromcombustion of|||
|other FuelsforheatingandTransport|**478.55**|**281.54**|
|**(tCOe).** (see evidence pack)|||
|Scope 1: EmissionsofBiomass Pellet/<br>Chip **(tCO2e)**|**10.57**|**Previously Recorded as**<br>**Combustible Fuel**|
|Scope3: Emissionsfrombusinesstravel in|||
|employee-ownedvehicles,wherethe<br>employerrepaid mileageclaims **(tCO¿e)**|**0.83**|**6.89**|
|(averagevehide/fuel source unknown)|||
|Scope 2: Emissionsfrom purchased<br>Electricityand BiomassHeat**(tCO.e)**|**1,733.41**|**2,074.53**|
|Total grossCO;e based on above **(tCOe)**|**5,782.44**|**5,905.30**|
|**Intensity Ratio:**_tCOe_grossfigure based|||
|on mandatoryfieldsabove/1,000m?|**31.73 tCOe**/1,000m'|**32.40 tCOe/ 1,000 m?**|
|gross internalfloorarea|||



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|**Section 172**|**Specific examples**|
|---|---|
|**Responsibilities**||
|**Long term results:**|Ongoing implementation of our five-year strategy (2020-25), which is|
|The likely|reviewed regularly by Trustees. The actions to achieve the strategy are|
|consequences of any|undertaken in close partnershipwith our Schools.|
|decision in the long|Afinancial reporting andforecastingapproach which captures the five most|
|term|recent<br>years<br>and<br>looks five years<br>into the future,<br>including capital|
||investment expectations, updated annually at school and consolidated|
||level.|
||Regular review of results and forecasts against Group and school KPIs, and|
||consideration ofthe likely impacton KPIs in strategic decision-making.|
||Authority is delegated through a well-defined structure set out in our|
||Governance Manualtoensurethat decisions aretaken by those bestplaced|
||to do so.|
||Weregularly establishworkingpartieswithwiderepresentationfrom across|
||the organisation to explore challenges and identify key actions in order to|
||ensuredecisions arewell-informed (e.g. Teachers' Pension SchemeWorking|
||Party, PropertyWorking Party).|
|**Our workforce:** The|Staffwell-being, particularly in theface of the pressures of dealingwith the|
|interests of MIST's|ongoing pandemic, is a regular item at Trustee meetings, with first-hand|
|employees and|inputfrom Schools via Headteachers at every meeting. Advice and guidance|
|volunteers|is provided to School Governors to support them in promoting the well-|
||being of local staff, and concerns/suggestions about well-being are shared|
||by Chairs of Governors on their regular calls.|
||We have sought to limit redundancies through use of the Government's|
||Coronavirus Job Retention Schemeduringthe Covid-19 pandemic.|
||During<br>the<br>pandemic<br>the<br>Schools<br>have<br>maintained<br>detailed<br>Risk|
||Assessments and implemented practices designedto protectthewell-being|
||of both staff and students.|
||MIST is workingtowards beinga LivingWage employer. All school andTrust|
||employees are paid at least the Living Wage Foundation minimum, and we|
||areworkingwith our contract partnersto ensurethis isthe casefor all their|
||staffworking in our Schools.|
||MIST hosts regular events and conferences at which employees,<br>local|
||volunteergovernors and Trustees meet to discuss a rangeofstrategic issues|
||and build positiverelationships. Some of these have moved online in recent|
||times, but we meet in person when we can do so safely. Staff and student|
||well-being are regular items for input and discussion.|





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|Section 172|Specific examples|
|---|---|
|Responsibilities||
|**Our desire to**|We set ourselves high standards, which are described in our Governance|
|**maintain**our|Manual, Code of Conduct and associated policies. We check that these|
|**reputation for high**|standards are being maintained in Schools through our interactions with|
|**standards of**|them and through theAnnual School reporting cycle.|
|**business** conduct|We run a cycle of internal audit reviews with a mixtureof internal andthird|
||party assessmentwhich consider the practices operating in our Schools and|
||checkthat they meetourstandards-with follow-upand support as needed.|
||Our Schools are regularly inspected by ISi and achieve strong outcomes.|
||These inspections facilitate surveys of parents and<br>students,<br>and the|
||inspection reports include any recommendations arisingfrom these, where|
||appropriate. Our Schools typically receive very positivefeedback.|
||As ambassadors for the Methodist Church intheir communities, our Schools|
||consciously setthemselves high standardsfor considerate behaviour.|
|**Fairness:** The need|All Trustees are encouraged to visit and get to **know** individual Schools.|
|to actfairly between|Annual School Reports are reviewed and discussed by Trustees. During|
|members of MIST|2020-21visits in personwere not always possible, butwhere required, as an|
|and its beneficiaries|alternativeTrustees hadtelephone calls with key staff in School.|
||School matters form part ofthe agenda of every Trustee meeting. Financial|
||reporting is made available at both a School and consolidated level sothat|
||Trustees can make informed decisions.<br>Input and feedback are sought|
||regularly from Schools to inform Trustee and Executive activity and the|
||strategic direction of travel.|
||The salary scales for Heads and Head Office staff are set centrally (and|
||reviewed annually) by a Remuneration Committee ofthe Trustees; all other|
||salary decisions aredelegatedto the Schools.|
||The relationship between beneficiaries (students and families) and MIST's|
||Schools is governed by a standard set of contract terms which are regularly|
||updated in line with best practice. Our Schools operate clear Admissions|
||policies which explain how school places are awarded, and there is a|
||Complaints procedure in place for use by any beneficiary who feels they|
||have not been treated fairly. Scholarship and bursary awards are made on|
||the basis of published criteria.<br>Parents and students are encouraged to|
||communicate openly and regularly **with** teachers and pastoral staff in|
||Schools in order to ensurethat the bestpossible outcomes are achievedfor|
||all our beneficiaries.|
||Regular meetings of Bursars, Heads, Chairs of Governors, Chairs of Finance|
||and HR managers are facilitated **by MIST** in order to share good practice,|
||offer advice<br>and guidance<br>(often from third<br>party experts),<br>provide|
||transparency about MIST's expectations and identify and deal with any|
||misunderstandings arising locally.|





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|||Group||
|---|---|---|---|
||`2021`||`2020`|
||**£OOO's**||**£O00's**|
|Totalfunds|**82,451**||**81,241**|
|Endowmentfunds|(2,005)||(2,034)|
|Restricted funds|(3,638)||(2,969)|
|Unrestrictedfunds|**76,808**||**76,238**|
|Propertyfunds|(67,768)||(69,336)|
|Other designated funds|**(4,449)**||(3,536)|
|Pension reserve|-||37|
|**Free reserves**|**4,591**||**3,403**|



|To maintainthe high level of all-|This has<br>continued to be achieved as described in the|
|---|---|
|round Methodist and Christian|commentary<br>**above**<br>regarding<br>**individual**<br>School|
|education withinthe Schools ofthe|achievements.|
|Trust.||
|To achieve a financial surplus in|The minimum target of a surplus of 5% of gross fee income|
|order to be ableto make continued|has not been achieved in the financial year, primarily as a|
|investment in the facilities needed|continued effect of the Covid-19 pandemic, which reduced|
|to support theTrust's activities.|fee income and limited non-fee income generation.|
|Free reserves to be approximately|The level offree reserves is currently 4.7%, and is on a **slowly**|
|10% of Total Income across the|improving trajectory **following**the disposal oftwo schools in|
|Trust and the Schools.|2019/20 and the ongoing impact of the pandemic.<br>The|
||trustees consider that although it willtake sometime before|
||this KPI can be achieved, it is still set at the right level to be|
||an appropriate aspiration forthe charity.|





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|Total loans to Schools to be no|MIST plays an important role as a source of funding for|
|---|---|
|morethan 25% annual Gross Fee|strategic investment by the Schools. During the year there|
|income|were limited capital loans as the Schools did not initiate any|
||major capital works. Three Schools received working capital|
||loans. Total loans represented 20%of GFI.|





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|||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|
|||funds|funds|funds|2021|2020|
||Notes|**£'00O**|**£'O0O**|**£'O0O**|**£'O0O**|**£'000**|
|**INCOME AND ENDOWMENTS FROM:**|||||||
|Donations and legacies|3|185|802||987|702|
|Charitable activity (provision of education):|||||||
|Schoolfees|4|89,017|||89,017|89,247|
|Othereducational income|5|2,888|||2,888|3,139|
|Othertrading activities|6|2,111|||2,111|2,523|
|Investments|8|95|11||106|132|
|Other|9|2,597|||2,597|3,763|
|Total income||96,893|813||97,706|99,506|
|**EXPENDITURE ON:**|||||||
|**Raising**funds|10|(1,749)|(4)||(1,753)|(1,669)|
|Charitableactivities|11|(95,589)|(273)|(33)|(95,895)|(96,610)|
|Total **expenditure**|11|(97,338)|(277)|(33)|(97,648)|(98,279)|
|Net (expenditure)/income before||(445)|536|(33)|58|1,227|
|investment gains|||||||
|Net gains/(losses) on investments|16|899|253||1152|(436)|
|NET INCOME/(EXPENDITURE)||454|789|(33)|1,210|791|
|Transfers between funds|21|116|(120)|4|||
|Otherrecognised gains:|||||||
|Remeasurementofdefined benefit|||||||
|pension schemes|25|||||86|
|NET **MOVEMENT IN** FUNDS||570|669|(29)|1,210|_877_|
|RECONCILIATION OF FUNDS:|||||||
|Total funds brought forward||76,238|2,969|2,034|81,241|80,364|
|TOTAL FUNDS CARRIED FORWARD||76,808|3,638|2,005|82,451|81,241|





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|||Group|Group|Charity|Charity|
|---|---|---|---|---|---|
|||`2021`|`2020`|`2021`|`2020`|
||Notes|**£'000**|**£'000**|**£'0OO**|**£'00O**|
|**FIXED ASSETS:**||||||
|Tangible assets|15|103,185|106,033|95,380|98,011|
|Intangibleassets||4|**4**|||
|Investments|16|5,672|4,520|5,186|4,137|
|||108,861|110,557|100,566|102,148|
|**CURRENT ASSETS:**||||||
|Stocks||167|206|101|123|
|Debtors: Duewithinoneyear|17|3,601|**4,018**|**4,390**|**4,164**|
|Debtors: Due aftermorethanone year|17|||3,995|4,181|
|Cash at bank and in hand||3,603|2,421|101|298|
|||7,371|6,645|8,587|8,766|
|**LUABILITTES:**||||||
|Creditors:Amountsfalling duewithin oneyear|**18**|(26,177)|(23,233)|(24,052)|(21,331)|
|**NET CURRENT UABIUTlES**||**(18,806)**|(16,588)|(15,465)|(12,565)|
|**TOTAL ASSETS LESSCURRENTLIABILITIES**||**90,055**|93,969|85,101|89,583|
|Creditors:Amountsfalling due aftermorethan one||||||
|year|19|(7,604)|(12,691)|(7,350)|(12,489)|
|**NET ASSETS EXCULDING PENSION LIABILITY**||82,451|81,278|_77,751_|_77,094_|
|Defined benefitpension scheme liability|25||(37)||(37)|
|**TOTAL NET ASSETS**||82,451|81,241|_77,751_|_77,057_|
|THE**FUNDS OF**THE**CHARITY:**||||||
|**Endowmentfunds**||**2,005**|2,034|||
|**Restricted income funds**||3,638|2,969|2,833|2,299|
|**Unrestricted funds**||||||
|Property fund||67,768|69,336|62,707|64,299|
|Otherdesignatedfunds||**4,449**|3,536|4,443|3,530|
|General fund||4,591|3,403|7,768|6,966|
|Pension reserve|||(37)||(37)|
|Total unrestrictedfunds||76,808|76,238|74,918|74,758|
|**TOTAL CHARITY FUNDS**|21|82,451|81,241|_77,751_|_77,057_|





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||2021|zozo|
|---|---|---|
||**£'000**|**£'O0O**|
|**CASH FLOW FROM OPERATING ACTIVITIES:**|||
|Net income from thereporting period (as perstatement offinancial activities)|1,210|791|
|**Adjustments** for:|||
|Depreciation charges|5,712|5,824|
|Net (gains)/losses on investment assets|(1,152)|436|
|Dividends and interest from investments|(106)|(132)|
|(Profit) onthe sale offixed assets|(168)|(355)|
|Interest payable|126|168|
|Decrease in stocks|39|18|
|Decrease in debtors|417|4,558|
|lncrease/(decrease) in creditors|623|(7,214)|
|**NET CASH PROVIDED BY OPERATING ACTIVITIES**|6,701|4,094|
|**CASH FLOWS FROM INVESTING ACTIVITIES:**|||
|Dividends and interest from investments|106|132|
|Purchase ofinvestments||(1)|
|Proceeds from the sale ofproperty, plant and equipment|168|361|
|Purchase ofproperty, plant and equipment|(2,888)|(3,917)|
|**NET CASH USED IN INVESTING ACTIVITIES**|(2,614)|(3,425)|
|**CASH FLOWS FROM FINANCING ACTIVITIES:**|||
|Interest payable|(126)|(168)|
|Proceeds ofnewborrowings||5,000|
|Repayments ofborrowings|(5,019)|(23)|
|Finance lease payments|(8)|(23)|
|Fees in advance scheme:|||
|**New** fees in advance money|1,763|1,693|
|Amounts repaid|(30)|(282)|
|**NET CASH USED IN FINANCING ACTIVITIES**|(3,420)|6,197|
|CHANGE IN CASH AND CASH EQUIVALENTS IN THE REPORTING PERIOD|667|6,866|
|Cash and cash equivalents at the beginningofthereporting period|142|(6,724)|
|CASH AND CASH EQUIVALENTSAT THEEND OFTHE REPORTING PERIOD|809|142|
|**ANALYSIS**OFCASH AND CASH EQUIVALENTS|||
|Cash at bank and in hand|3,603|2,421|
|Bank overdrafts|(2,794)|(2,279)|
||809|142|





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|3.|DONATIONSANDLEGACIES||||||||
|---|---|---|---|---|---|---|---|---|
|||Unrestricted|||Restricted|Endowment|Total|Total|
||||Funds||Funds|`Funds`|`2021`|`2020`|
||||**£'OOO**||**£'OOO**|**£'O0O**|**£'O0O**|**£'O0O**|
||Donations||185||802||987|702|
||||185||802||987|702|
||2020|||6|696|||702|
|4.|SCHOOL FEES||||||||
||||||||Total|Total|
||||||||`2021`|2020|
||||||||**£'O0O**|**£'OOO**|
||Gross schoolfeeschargeable||||||106,145|111,592|
||Less:|Scholarshipsawardedto||pupils|||(3,690)|(3,958)|
|||Bursariesawarded to pupils|||||(5,440)|(5,934)|
|||Staff, sibling and otherallowances|||||(8,146)|(12,833)|
||||||||**88,869**|**88,867**|
||Add:|Bursaries paid from restricted funds|||||148|**380**|
||||||||89,017|89,247|



||Schoolfees income amounted to£89,017,000 (2020: £89,247,000)ofwhich £148,000 (2020: **£380,000)**wasmetfrom funds|Schoolfees income amounted to£89,017,000 (2020: £89,247,000)ofwhich £148,000 (2020: **£380,000)**wasmetfrom funds|Schoolfees income amounted to£89,017,000 (2020: £89,247,000)ofwhich £148,000 (2020: **£380,000)**wasmetfrom funds|
|---|---|---|---|
||donatedtowardsbursaries and scholarships.|||
|5.|OTHEREDUCATIONAL**INCOME**|||
|||Total|Total|
|||`2021`|`2020`|
|||**£'OOO**|**£'O0O**|
||Optional subjects and pupils'extras|2,207|2,387|
||Otherancillaryincome|681|752|
|||2,888|3,139|
||In 2021 othereducational incomeamounted to £2,888,000 (2020: £3,139,000)all ofwhichwasunrestricted.|||
|6.|OTHER TRADINGACTIVITIES|||
|||Total|Total|
|||2021|`2020`|
|||**£'O0O**|**£'O0O**|
||lettings income|263|395|
||Incomefrom subsidiarytrading activities(note 7)|1,848|2,128|
|||2111|2,523|





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||**2021**|**2020**|
|---|---|---|
||**£'O0O**|**£'O0O**|
|Turnover|1,848|2,128|
|Operating costs|(1,642)|(1,548)|
|Profitfortheyear|**206**|**580**|
|Totalassets|1,503|1,193|
|Total liabilities|(1,515)|(1,048)|
|Totalfunds|(12)|145|



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||**2021**|**2020**|
|---|---|---|
||**£'OOO**|**£'O0O**|
|Income|32|94|
|Operatingcosts|(3)|(2)|
|Profitfortheyear|29|92|
|Totalassets|249|217|
|Total liabilities|(3)||
|Total funds|246|217|



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|**INVESTM ENTS**||||||
|---|---|---|---|---|---|
||Unrestricted|Restricted|Endowment|Total|Total|
||Funds|Funds|Funds|2021|2020|
||**£'O0O**|**£'O0O**|**£'O0O**|**£'O0O**|**£'OOO**|
|Investment income|74|11||85|94|
|Bank and otherinterest|21|||21|38|
||95|11||106|132|
|2020|116|16|||132|





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|9.|OTHER INCOME||||||
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|Total|Total|
|||Funds|Funds|Funds|`2021`|`2020`|
|||**£'OOO**|**£'O0O**|**£'O0O**|**£'O0O**|**£'O0O**|
||Otherincome:||||||
||Governmentgrants|1,514|||1,514|3,632|
||Otheritems|1,083|||1,083|131|
|||2,597|||2,597|3,763|
||2020|3,763||||3,763|



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|RAISING FUNDS||||||
|---|---|---|---|---|---|
||Unrestricted|**Restricted**|**Endowment**|Total|Total|
||Funds|Funds|Funds|2021|2020|
||**£'OOO**|**£'000**|£'OOO|**£'O0O**|**£'O0O**|
|Fundraising costs|107|4||111|121|
|Cost ofsubsidiarytrading activities|1,642|||1,642|1,548|
||1,749|4||1,753|1,669|
|2020|1,663|6|||1,669|



## 

|ANALYSIS OF EXPENDITURE||||||
|---|---|---|---|---|---|
||Staffcosts|Depreciation|Other|Total|Total|
|||||2021|2020|
||**£'OOO**|**£'O0O**|**£'O0O**|**£'O0O**|**£'0O0**|
|**Raising funds:**||||||
|Fundraisingcosts|1,068|18|667|1,753|1,669|
|**Charitable activity(provision**of**education):**||||||
|Teaching costs|47,626|24|2,673|50,323|51,929|
|Welfarecosts|3,901||5,387|9,288|8,778|
|Premises costs|5,545|3,049|9,804|18,398|16,758|
|Supportcosts|5,626|2,621|5,348|13,595|14,239|
|Awards made|||340|340|540|
|Governance costs|||918|918|720|
|Charitable publicity costs|1,086||1,223|2,309|2,474|
|Financecosts|||709|709|1,172|
|Other|||15|15||
||64,852|5,712|27,084|97,648|98,279|
|2020|66,036|5,824|26,419||98,279|





## 

## 

## 

|12.|**GOVERNANCE** COSTS|||
|---|---|---|---|
|||**2021**|**2020**|
|||**£'000**|**£'O0O**|
||Auditor'sremuneration|_127_|125|
||Otherprofessionalfees|210|**204**|
||Governors'expenses|22|76|
||Othercosts|559|315|
|||918|_720_|



|**NET INCOME/(EXPENDITURE)**||||
|---|---|---|---|
||**2021**|**2020**||
||**£'O0O**|**£'O0O**||
|Netincome/(expenditure)fortheyearisstatedaftercharging/(crediting):||||
|Amountspayableunderoperatingleases|357||379|
|Depreciationon:||||
|Tangiblefixedassets|5,712|5,820||
|Intangiblefixedassets|||**4**|
|(Profit)on disposaloftangiblefixedassets|(168)|(355)||
|Interestpayableon loans|126||`168`|
|**Bad**debts written off|`231`||498|
|Auditor'sremuneration:||||
|**Audit**services-statutoryauditofparentandconsolidatedaccounts|**80**||78|
|Otherservices:||||
|Auditservices-statutoryauditofsubsidiaries|47||47|
|Taxationcomplianceservices|25||33|





## 

## 

|14.|STAFF COSTS|||
|---|---|---|---|
|||**2021**|**2020**|
||**_Group_**|**£'O0O**|**£'OOO**|
||Theaggregatestaffcostsduringtheyearcomprised:|||
||Wagesandsalaries|51,860|52,805|
||Socialsecuritycosts|4,747|_4,774_|
||Definedbenefitpensioncosts|7,753|7,849|
||Definedcontributionpensioncosts|59|43|
||Termination/redundancypayments|433|569|
|||64,852|66,040|



|Ofthe termination payments identified above, atotal of£39,249 (2020: £33,262) was include<br>balancesheetdate.|d within cre|itorsat the|
|---|---|---|
||**2021**|**2020**|
||**No.**|**No.**|
|Theaveragenumberofemployeesduringtheyearcomprised:|||
|Teachingstaff|1,197|1,296|
|Otherstaff|870|910|
||2,067|2,206|
||2021|**2020**|
||**No.**|**No.**|
|Theaveragenumberofemployeesduringtheyearonthefulltimeequivalentbasis comprised:|||
|Teachingstaff|838|**880**|
|Otherstaff|**680**|691|
||1,518|1,571|
||**2021**|**2020**|
||**No.**|**No.**|
|Thenumberofemployees**whose** emolumentsexceeded**£60,000** duringtheyearwere asfollows:|||
|£60,001-£70,00O|19|15|
|£70,001-**£80,000**|**9**|**14**|
|£80,001-£90,000|7|**8**|
|£90,001 -£100,000|**4**|3|
|£100,001-£110,000|2|3|
|£110,001-£120,000|3|1|
|£120,001-£130,000|1|2|
|£130,001-£140,000|1|2|
|£140,001-£150,000|2|2|
|£150,001-£160,000||1|
|£160,001-£170,000|1||





## 

## 

||2021|2020|
|---|---|---|
|_Charity_|**£'O0O**|**£'OOO**|
|Theaggregatestaff costsduring the yearcomprised:|||
|Wages andsalaries|47,003|47,818|
|Socialsecuritycosts|4,418|4,434|
|Defined benefitpension costs|7,187|7,248|
|Definedcontribution pension costs|42|28|
|Termination/redundancypayments|420|425|
||59,070|59,953|



||2021|**`2020`**|
|---|---|---|
||**No.**|**No.**|
|Theaveragenumberofemployees duringtheyearcomprised:|||
|Teachingstaff|1,079|1,160|
|Otherstaff|797|845|
||1,876|2,005|
||2021|2020|
||**No.**|**No.**|
|Thenumberofemployeeswhose emoluments exceeded **£60,000** during theyearwere as follows:|||
|£60,001 -£70,000|16|13|
|£70,001-£80,000|9|13|
|£80,001-£90,000|6|7|
|£90,001-£100,000|**4**|3|
|£100,001-£110,000|2|3|
|£110,001 -£120,000|3|1|
|£120,001-£130,000|1|2|
|£130,001-£140,000|1|2|
|£140,001-£150,000|2|2|
|£150,001-£160,000||1|
|£160,001-£170,000|1||





## 

## 

|15.|TANGIBLE ASSETS||||||
|---|---|---|---|---|---|---|
|||Land and|Assetsunder|Fixtures and|Vehicles|Total|
||_Group_|buildings|construction|equipment|||
|||**£'O0O**|**£'O0O**|**£'O0O**|**£'O0O**|**£'OOO**|
||Cost:||||||
||Asat 1 September2020|140,324|68|38,710|1,978|181,080|
||Additions|1,021|305|1,467|95|2,888|
||Disposals|(303)||(4,373)|(412)|(5,088)|
||Asat 31 August 2021|141,042|373|35,804|1,661|178,880|
||**Depreciation:**||||||
||Asat 1 September2020|43,873||29,533|1,641|75,047|
||Charged fortheyear|3,049||2,522|141|5,712|
||Disposals|(303)||(4,362)|(399)|(5,064)|
||Asat31 August2021|46,619||27,693|1,383|75,695|
||Net bookvalue:||||||
||Asat 31August2021|94,423|373|8,111|278|103,185|
||Asat 31 August2020|96,451|68|9,177|337|106,033|





## 

||Landand|Assetsunder|Fixturesand|Vehicles|Total|
|---|---|---|---|---|---|
|_Charity_|buildings|construction|equipment|||
||**£'O0O**|**£'O0O**|**£'O0O**|**£'O0O**|**£'OOO**|
|Cost:||||||
|**As**at 1September2020|131,062|**68**|35,611|1,930|168,671|
|Additions|1,021|265|1,351|83|2,720|
|Disposals|(303)||(4,235)|(412)|(4,950)|
|Asat31August2021|131,780|333|32,727|1,601|166,441|
|**Depreciation:**||||||
|Asat 1September2020|41,682||27,373|1,605|70,660|
|Chargedfortheyear|2,895||2,307|136|5,338|
|Disposals|(303)||(4,235)|(399)|(4,937)|
|Asat31August2021|44,274||25,445|1,342|71,061|
|**Net book**value:||||||
|Asat31August2021|87,506|333|7,282|259|95,380|
|Asat31August2020|89,380|**68**|8,238|325|98,011|



|16.|FIXEDASSET INVESTMENTS|**`2021`**|**2020**|
|---|---|---|---|
|||**£'O0O**|**£'O0O**|
||**_Group -_ Listed investments at market value**|||
||Balancebroughtforward|4,520|4,955|
||Additionsat cost||1|
||Net gains/(losses) inthe year|1,152|(436)|
||Balancecarriedforward|5,672|4,520|
||Historicalcost|2,449|2,449|
|||**`2021`**|**`2020`**|
|||**£'OOO**|**£'O0O**|
||**_Charity -_**Listedinvestments**at market value**|||
||Balancebrought forward|4,137|4,326|
||Additionsat cost||186|
||Netgains/(losses) intheyear|1,049|(375)|
||Balancecarriedforward|5,186|4,137|
||Historicalcost|2,167|2,167|





## 

## 

## 

## 

||Total|Total|Total|Total|Total|Surplus/|
|---|---|---|---|---|---|---|
||assets|liabilities|funds|income|expenditure|(deficit)|
|Acquired schools|**£'O0O**|**£'O0O**|**£'O0O**|**£'O0O**|**£'OOO**|**£'O0O**|
|lorenden School|1,562|(543)|1,019|1,280|(1,177)|103|
|Moorlands School|1,224|(1,270)|(46)|1,457|(1,477)|(20)|
|St. Petroc's School|559|(1,094)|(S35)|380|(507)|(127)|
|Truro High SchoolforGirts|6,965|(3,490)|3,475|5,027|(4,499)|528|
|Foundations|||||||
|WoodhouseGrove|249|3)|246|32|(3)|29|
|Foundation Trust|||||||



||Total|Total|Total|Total|Total|Surplus/|
|---|---|---|---|---|---|---|
||assets|liabilities|funds|income|expenditure|(deficit)|
|Tradingsubsidiaries|**£'000**|**£'000**|**£'O0O**|**£'O0O**|**£'O0O**|**£'O0O**|
|Culford School (Trading Trust)|248|(248)||422|(298)|124|
|Limited|||||||
|FarringtonsSchool|43|(43)||41|(6)|35|
|Enterprises Limited|||||||
|Kent College(Canterbury)|605|(601)|4|289|(462)|(173)|
|Enterprises Limited|||||||
|KentCollege(Pembury)|39|(39)||37|(2)|35|
|Enterprises Limited|||||||
|Queen's CollegeTaunton|3S|(48)|(13)|405|(388)|17|
|Enterprises Limited|||||||
|ShebbearCollegeEnterprises|**44**|(49)|(5)|28|(28)||
|Limited|||||||
|Truro School Enterprises|201|(201)||275|(275)||
|Limited|||||||
|**Woodhouse** Grove|199|(195)|4|257|(135)|122|
|Enterprises Limited|||||||
|Methodist Schools Property|||||||
|Company|||||||



||Total|**Total**|**Total**|Total|Total|**Surplus/**|
|---|---|---|---|---|---|---|
||**assets**|**liabilities**|**funds**|income|**expenditure**|(deficit)|
||**£'O0O**|**£'OOO**|**£'O0O**|**£'O0O**|**£'O0O**|**£'O0O**|
|Tradingsubsidiaries|||||||
|Moorlands School Enterprises|34|(34)||29|(5)|24|
|Limited|||||||
|Truro HighSchool Trading|57|(57)||64|(41)|23|
|Limited|||||||





## 

## 

## 

|DEBTORS|||||
|---|---|---|---|---|
||Group|Group|Charity|Charity|
||`2021`|`2020`|`2021`|`2020`|
||**£'O0O**|**£'OOO**|**£'O0O**|**£'OOO**|
|Loanstoschools|||4,259|4,409|
|Fee debtors|982|1,492|953|1,416|
|Amounts owed bygroup undertakings|||1,190|811|
|Otherdebtors|758|1,493|179|749|
|Prepayments and accrued income|1,861|1,033|1,804|960|
||3,601|4,018|8,385|8,345|



||Group|Group|Charity|Charity|
|---|---|---|---|---|
||`2021`|`2020`|`2021`|`2020`|
||**£'0O0O**|**£'O0O**|**£'O0O**|**£'O0O**|
|Bankoverdraft|2,794|2,279|2,794|2,279|
|Otherloans||19||19|
|Finance leaseobligations|24|17|24|17|
|Deposits (note20)|2,045|1,585|1,997|1,523|
|Prepaid fees (note20)|12,390|10,891|11,104|9,846|
|Composition fees(note 20)|1,790|1,793|1,770|1,749|
|Tradecreditors|2,120|1,593|2,003|1,386|
|Taxation and social security costs|853|1,074|763|975|
|Othercreditors|1,245|1,263|994|1,121|
|Pension deficit repayment plan|245|244|245|244|
|Accruals|2,671|2,475|2,358|2,172|
||26,177|23,233|24,052|21,331|





## 

## 

|_2021_|Duewithin|Due within|Due after|2021|
|---|---|---|---|---|
||1to2years|2to5years|**5 years**|Total|
|**_Group_**|**£'O0O**|**£'O0O**|**£'000**|**£'000**|
|Bank loan|||||
|Otherloans|19|76|35|130|
|Finance leaseobligations|24|26||**so**|
|Deposits (note 20)|1,752|1,938|1,041|4,731|
|Prepaid fees (note 20)|||||
|Composition fees (note 20)|861|936|242|2,039|
|Pension deficit repayment plan|239|415||654|
||2,895|3,391|1,318|7,604|
|**_2020_**|**Due within**|**Due within**|**Due after**|**2020**|
||1to2years|2to **5years**|**S5 years**|Total|
|**_Group_**|**£'000**|**£'OOO**|**£'000**|**£'000**|
|Bank loan||5,000||5,000|
|Otherloans|19|57|54|130|
|Finance leaseobligations|17|48||65|
|Deposits (note20)|1,670|1,484|1,496|4,650|
|Prepaid fees (note20)|17|||17|
|Compositionfees (note20)|856|855|223|1,934|
|Pension deficit repayment plan|250|633|12|895|
||2,829|8,077|1,785|12,691|
|_2021_|**Due within**|**Due within**|Due after|2021|
||1to2years|2to5years|5years|Total|
|_Charity_|**£'000**|**£'000**|**£'000**|**£'O0O**|
|Bank loan|||||
|Otherloans|19|76|35|130|
|Finance leaseobligations|24|26||50|
|Deposits (note20)|1,733|1,802|942|4,477|
|Prepaid fees(note 20)|||||
|Composition fees (note20)|861|936|242|2,039|
|Pension deficit repayment plan|239|415||654|
||2,876|3,255|1,219|7,350|
|_2020_|Due within|Duewithin|Dueafter|2020|
||1to2years|2to5years|**S5 years**|Total|
|_Charity_|**£'O0O**|**£'000**|**£'OOO**|**£'000**|
|Bank loan||**5,000**||**5,000**|
|Otherloans|19|57|**54**|130|
|Finance leaseobligations|17|**48**||65|
|Deposits (note 20)|1,662|1,431|1,355|**4,448**|
|Prepaid fees (note20)|17|||17|
|Composition fees (note20)|856|855|223|1,934|
|Pension deficit repayment plan|250|633|12|895|
||2,821|8,024|1,644|12,489|





## 

## 

## 

## 

|**_2021_**|Group|Charity|
|---|---|---|
||**£'O0O**|**£'O0O**|
|Balance broughtforwardat1 September2020|17,143|15,834|
|Amounts received duringthe_year_|19,673|18,043|
|Amounts recognised as incomeduringtheyear|(15,005)|(13,693)|
|Amounts repaid to parents duringtheyear|(2,645)|(2,606)|
|Balance carried forwardat31 August 2021|19,166|17,578|
|**_2020_**|Group|Charity|
||**£'O0O**|**£'O0O**|
|Balance broughtforwardat 1 September2019|20,035|18,652|
|Amounts received duringtheyear|18,442|15,948|
|Amounts recognised as incomeduring theyear|(19,702)|(17,261)|
|Amounts repaid to parentsduring the_year_|(1,632)|(1,505)|
|Balance carried forwardat 31 August 2020|17,143|15,834|



## 

|**_2021_**|Group|**Charity**|
|---|---|---|
||**£'O0O**|**£'O0O**|
|Balance brought forwardat 1 September2020|3,725|3,682|
|Amountsreceived duringtheyear|1,763|1,763|
|Interestearned on balances duringtheyear|78|78|
|Amounts recognised as income during theyear|(1,707)|(1,684)|
|Amounts repaid to parents duringtheyear|(30)|(30)|
|Balancecarried forwardat31 August 2021|3,829|3,809|
|**_2020_**|**Group**|Charity|
||**£'O0O**|**£'O0O**|
|Balancebroughtforward at 1 September2019|4,425|4,354|
|Amounts received duringtheyear|1,693|1,657|
|Interest earned on balances duringtheyear|117|117|
|Amounts recognised as incomeduring theyear|(2,228)|(2,173)|
|Amounts repaid to parents during theyear|(282)|(273)|
|Balance carried forward at 31 August 2020|3,725|3,682|





## 

|_`2021`_|Balance at||||Balance at|
|---|---|---|---|---|---|
||1September|Income|Expenditure|Other|31August|
||2020||||2021|
||**£'O0O**|**£'OOO**|**£'O0O**|**£'O0O**|**£'O0O**|
|**_Group_**||||||
|**Endowment funds:**||||||
|Foundation fund|2,034||(33)|4|2,005|
|Restricted incomefunds:||||||
|Scholarships and bursaries funds|2,158|217|(148)|1907°|2,417|
|Appeals funds|547|555|(116)|(54)|932|
|Otherrestricted funds|264|41|(13)|(3) T|289|
||2,969|813|(277)|133|3,638|
|Unrestrictedfunds:||||||
|Property funds|69,336|||(1,568)|67,768|
|Scholarships and bursaries funds|3,465|74|(97)|898 u|4,340|
|Otherunrestricted funds|71|30||8|109|
|Pensionreserves|(37)|||3**7**||
|Generalfund|3,403|96,789|(97,241)|1,640 U|4,591|
||76,238|96,893|(97,338)|1,015|76,808|
|Totalfundsofthegroup|81,241|97,706|(97,648)|1,152|82,451|
||Balanceat||||Balanceat|
||1September|Income|Expenditure|Other|31August|
||2020||||2021|
||**£'O0O**|**£'O0O**|**£'000**|**£'000**|**£'000**|
|**_Charity_**||||||
|**Restrictedincome funds:**||||||
|Scholarships and bursariesfunds|1,724|209|(148)|87u|1,872|
|Appeals funds|548|554|(118)|(SO) T|934|
|Otherrestricted funds|27||||27|
||2,299|763|(266)|37|2,833|
|Unrestricted funds:||||||
|Property funds|64,299|||(1,592)|62,707|
|Scholarships and bursariesfunds|3,465|74|(97)|898 u|4,340|
|Otherunrestricted funds|65|30||s'|103|
|Pension reserves|(37)|||3**7**||
|General fund|6,966|**86,998**|(88,175)|1,979|7,768|
||74,758|87,102|(88,272)|1,330|74,918|
|Totalfundsofthecharity|_77,057_|87,865|**(88,538)**|1,367|_77,751_|





## 

## 

## 

|_2020_|Balance at||||Balance at|
|---|---|---|---|---|---|
||1 September|Income|Expenditure|Other|31 August|
||2019||||2020|
||**£'000**|**£'O0O**|**£'O0O**|**£'O0O**|**£'O0O**|
|**_`Group`_**||||||
|**Endowment funds:**||||||
|Foundation fund|2,063||(33)|4|2,034|
|Restricted incomefunds:||||||
|Scholarshipsand bursaries funds|2,230|347|(311)|(108) 7"|2,158|
|Appeals funds|455|241|(147)|(2) T|547|
|Otherrestricted funds|176|_124_|(11)|(25)'|264|
||2,861|712|(469)|(135)|2,969|
|Unrestrictedfunds:||||||
|Propertyfunds|73,368|||(4,032)|69,336|
|Scholarshipsand bursaries funds|3,851|78|(105)|(359)°|3,465|
|Otherunrestricted funds|61|||10 T|71|
|Pension reserves|(123)|||86|(37)|
|General fund|(1,717)|98,716|(97,672)|4,076 7»|3,403|
||75,440|98,794|(97,777)|(219)|76,238|
|Totalfundsof**thegroup**|80,364|99,506|(98,279)|(350)|81,241|
||**Balance at**||||**Balance at**|
||**1 Septem ber**|**Income**|**Expenditure**|**Other**|31August|
||2019||||**2020**|
||**£'O0O**|**£'O0O**|**£'OOO**|**£'O0O**|**£'O0O**|
|_Charity_||||||
|**Restricted income funds:**||||||
|Scholarshipsand bursaries funds|1,509|553|(291)|(47)°|1,724|
|Appeals funds|456|241|(147)|(2)|548|
|Otherrestricted funds|29|22|(2)|(22)|27|
||1,994|816|(440)|(71)|2,299|
|Unrestricted funds:||||||
|Propertyfunds|_72,323_|||(8,024)|64,299|
|Scholarships and bursaries funds|3,852|78|(105)|(360)|3,465|
|Otherunrestricted funds|55|||10|65|
|Pension reserves|(123)|||**86**|(37)|
|General fund|(1,841)|**89,005**|**(88,600)**|8,402|6,966|
||74,266|**89,083**|(88,705)|114|74,758|
|Total**funds of the charity**|76,260|89,899|(89,145)|43|_77,057_|





## 

## 

## 



## 

## 

|_2021_|Tangible<br>& intangible|Investments|Netcurrent<br>assets/|Longterm<br>liabilities|Pension<br>scheme|Total|
|---|---|---|---|---|---|---|
||fixed assets||(liabilities)||liability||
||**£'O0O**|**£'O0O**|**£'O0O**|**£'00O**|**£'O0O**|**£'00O**|
|_Group_|||||||
|Endowment funds|2,005|||||2,005|
|Restrictedfunds||1,429|2,209|||3,638|
|Unrestricted funds|101,184|4,243|(21,015)|(7,604)||76,808|
||103,189|5,672|(18,806)|(7,604)||82,451|
||Tangible<br>& intangible|Investments|Netcurrent<br>assets/|Longterm<br>liabilities|Pension<br>scheme|Total|
||fixed assets||(liabilities)||liability||
||**£'000**|**£'O0O**|**£'0OO**|**£'O0O**|**£'O0O**|**£'O0O**|
|_Charity_|||||||
|Restricted funds||943|1,890|||2,833|
|Unrestricted funds|95,380|4,243|(17,355)|(7,350)||74,918|
||95,380|5,186|(15,465)|(7,350)||77,751|
|`2020`|Tangible<br>& intangible|Investments|Netcurrent<br>assets/|Longterm<br>liabilities|Pension<br>scheme|Total|
||fedassets||(liabilities)||liability||
||**£'O0O**|**£'O0O**|**£'O0O**|**£'O0O**|**£'O0O**|**£'O0O**|
|_Group_|||||||
|Endowmentfunds|2,034|||||2,034|
|Restricted funds||1,176|1,793|||2,969|
|Unrestricted funds|104,003|3,344|(18,381)|(12,691)|(37)|76,238|
||106,037|4,520|(16,588)|(12,691)|(37)|81,241|
||Tangible<br>& intangible<br>fixed assets|Investments|Netcurrent<br>assets/<br>(liabilities)|Longterm<br>liabilities|Pension<br>scheme<br>liability|Total|
||**£'O0O**|**£'O0O**|**£'00O**|**£'O0O**|**£'O0O**|**£'O0O**|
|_Charity_|||||||
|Restricted funds||793|1,506|||2,299|
|Unrestricted funds|98,011|3,344|(14,071)|(12,489)|(37)|74,758|
||98,011|4,137|(12,565)|(12,489)|(37)|_77,057_|





## 

|falldue as follows:|||
|---|---|---|
||**`2021`**|**`2020`**|
||**£'OOO**|**£'O0O**|
|Within oneyear|485|453|
|Between one and two years|382|376|
|Between twoand fiveyears|566|672|
|Afterfiveyears|**8**|40|
||1,441|1,541|
|_Charity -_Lessee|||
||**`2021`**|**`2020`**|
||**£'O0O**|**£'O0O**|
|Within one year|**444**|414|
|Between one and two years|347|335|
|Between twoandfiveyears|513|650|
|Afterfiveyears|**8**|40|
||1,312|1,439|



## 

|**_Group_**||||**`2021`**|**`2020`**|
|---|---|---|---|---|---|
|||||**£'O0O**|**£'O0O**|
|Contracted|for|||**488**|144|
|Authorised|but|notcontracted|for|85|279|
|**_Charity_**||||**`2021`**|**2020**|
|||||**£'O0O**|**£'O0O**|
|Contracted|for|||488|144|
|Authorised|but|notcontracted|for|85|279|





## 

## 

## 



## 

## 

## 

||Group|Group|Charity|Charity|
|---|---|---|---|---|
||`2021`|`2020`|2021|2020|
||**£'O0O**|**£'OOO**|**£'O0O**|**£'000**|
|Provision atthe start oftheyear|1,048|1,253|1,048|1,253|
|Unwinding ofthediscountfactor|4|10|4|10|
|Deficitcontribution paid|(245)|(237)|(245)|(237)|
|Impact ofchanges in assumptions|1)|9|(1)|9|
|Amendments to contribution schedule|93|13|93|13|
|Provision atthe end oftheyear|**899**|1,048|**899**|1,048|



|Duetothe Group exitingthe LGPS during 2021 thefollowing isprovided onlyforcomparative information.|Duetothe Group exitingthe LGPS during 2021 thefollowing isprovided onlyforcomparative information.|
|---|---|
||**2020**|
||**%pa**|
|Rateofincrease in prices - rpi|3.3%|
|Rateofincrease in prices -cpi|2.4%|
|Rateofincrease in salaries|3.4%|
|Rateofincrease ofpensions in payment|2.4%|
|Discount rate applied|1.5%|



|Thefollowing demographic/statistical assumptions werealsoused bythe actuary:|Thefollowing demographic/statistical assumptions werealsoused bythe actuary:|
|---|---|
||**2020**|
|Lifeexpectancyin yearfrom theageof65:||
|Males -retiringtoday|**21.80**|
|Males -retiring in 20 years|23.20|
|Females -retiring today|23.80|
|Females -retiring in 20 years|25.20|






## 

## 

## 

|Amounts recognised in thegroup'sstatementoffinancialactivities:|||
|---|---|---|
||**2021**|**2020**|
||**£'OOO**|**£'O0O**|
|Servicecost||24|
|Net interest cost on the netscheme liability||2|
|Exit payment|87||
||87|26|
|Changes in the presentvalue ofdefined benefitobligations:|||
|||**2020**|
|||**£'O0O**|
|Obligationsasat 1 September2019||840|
|Pastservice cost||11|
|Current service cost||13|
|Interest cost||35|
|Employee contributions||2|
|Actuarial (gains)/losses||(86)|
|Benefits paid||(16)|
|Obligationsas at 31 August 2020||799|
|Changes in the fairvalueofthegroup's share ofscheme assets.|||
|||**2020**|
|||**£'O0O**|
|Assets asat 1 September2019||_717_|
|Interest income||12|
|Returnon plan assets(excdudingnet interest on the netscheme liability)||40|
|Employercontributions||7|
|Employee contributions||2|
|Remeasurementgainson schemeassets|||
|Benefits paid||(16)|
|Assets as at 31 August 2020||762|



|Pensionscosts recognised duringtheyearwereas follows:|||
|---|---|---|
||`2021`|2020|
||**£'OOO**|**£'O0O**|
|Defined benefitschemes:|||
|The Teachers'Pension Scheme|6,534|6,707|
|The PensionsTrust Growth Plan|1,132|1,138|
|Local Government Pension Schemes|87||
|Defined contribution schemes|59|`43`|
||7,812|7,888|



|At thebalance sheetdate, thefollowing amountswere included in creditors:|||
|---|---|---|
||`2021`|2020|
||**£'O0O**|**£'O0O**|
|Defined benefitschemes:|||
|TheTeachers' Pension Scheme|670|500|
|The PensionsTrust Growth Plan|_77_|111|
|Local Government Pension Schemes||1|
|Defined contribution schemes|s|6|
||752|618|





## 

||**MIST** services|and||||||
|---|---|---|---|---|---|---|---|
||assessment||Interest|charged|on loans|Loansbalanceat 31August||
||`2021`|`2020`|`2021`||`2020`|`2021`|`2020`|
||**£'O0O**|**£'O0O**|**£'O0O**||**£'O0O**|**£'O0O**|**£'O0O**|
|Lorenden School|13|_12_||9|_12_|321|385|
|MoorlandsSchool|**48**|87||25|29|1,083|1,084|
|St. Petroc's School||2||22|22|955|815|
|Truro High SchoolforGirls|62|71||**48**|61|1,900|2,125|
||_123_|172|104||_124_|4,259|**4,409**|



||Giftaid|distributionto|distributionto||**Expenses** cross **charged**|**Expenses** cross **charged**|Owedto|MISTat 31 August|MISTat 31 August|
|---|---|---|---|---|---|---|---|---|---|
|||**MIST**|||from MIST|||||
||`2021`|`2020`|||2021|2020|`2021`||2020|
||**£'OOO**|£'OOO|||**£'O0O**|**£'O0O**|**£'O0O**||**£'O0O**|
|CutfordSchoolTradingTrust|_124_|||83||35|160||118|
|Limited||||||||||
|FarringtonsSchoolEnterprises|35|||35|3|3||35|35|
|Limited||||||||||
|Kent College Canterbury||||69|22||546||413|
|EnterprisesLimited||||||||||
|KentCollege Pembury|34|||35|10|||32|32|
|EnterprisesLimited||||||||||
|Queen'sCollegeTaunton|||||42|65||31|65|
|Enterprises Limited||||||||||
|ShebbearCollegeEnterprises||||||||42|42|
|Limited||||||||||
|TruroSchoolEnterprises Limited||1||||56|174||56|
|WoodhouseGrove Enterprises|122||109||48||169||so|
|Limited||||||||||
||316||331||125|159|1,189||811|





## 

## 

|_27._|Analysis ofchanges innet debt-Group|||||
|---|---|---|---|---|---|
|||**Balance at**|Cash flows|Othernon-|**Balance**at|
|||1 September||cash|31August|
|||2020||**changes**|2021|
|||**£'000**|**£'O0O**|**£'O0O**|**£'OOO**|
||Cash at bank and in hand|2,421|1,182||3,603|
||Bankoverdraft|(2,279)|(515)||(2,794)|
||Compositionfees|(3,725)|(1,733)|1,629|(3,829)|
||Revolving Credit Facility|(5,000)|5,000|||
||Otherloans|(149)|19||(130)|
||Obligationsunderfinance leases|(82)|8||(74)|
|||(8,814)|3,961|1,629|(3,224)|