## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||Unrestricted|Restricted|Endowed|Total|Total| |---|---|---|---|---|---|---|---|---|---| ||||||Funds|Funds|Funds|Funds|Funds| |||||||||2021|2020| |||||Notes|8'000|8'000|8'000|8'000|8000| |Income and endowments||from:|||||||| |Charitable
Activities|||||||||| |School fees (net)
Other educational
income|||||22,162
519|||22,162
519|21,474
1,056| |Other activities|||||112|||112|29| |Voluntary
sources
Grants and Donations|||||1,345|785||2,130|1,215| |Investments|||||||||| |Investment
income|||||190|122||312|301| |Bank and other interest|||||3|1||4|17| |Other trading
activities
Non-ancillary
trading
income|||||252|||252|214| |Total income|||||24,583|908||25,491|24,306| |Expenditure
on:|||||||||| |Raising funds
Non-ancillary
trading
Fundraising
and Development|||||244
147|23||244
170|213
176| |Financing
costs under Advance
Contracts|||Fee||141|||141|168| |Finance costs|||||42|||42|64| |Bank and Mortgage
interest
Investment
Management
Fees|||||106
38|||106
38|147
29| |Total deductible
costs|||||718|23||741|797| |Charitable
activities|||||||||| |Education
and grant making|||||21,662|158||21,820|22,099| |Total expenditure|||||22,380|181||22,561|22,896| |Net incoming
funds from operations|||||||||| |before transfers
and investment|||||||||| |gains|||||2,203|727||2,930|1,410| |Investment
gains /(losses)|||||585|152|1,380|2 117|(90)| |Transfer between
funds||||17|35|(35)|||| |Net income and capital
inflow|||||2,823|844|1,380|5,047|1,320| |Fund balances at 1 August|2020||||29,592|1,550|7,359|38,501|37,181| |FUND BALANCES at 31July||2021||14|32,415|2,394|8,739|43,548|38,501| ## ## ||||Notes|Group
2021
8'000|Group
2020
8'000|Foundation
2021
8'000|Foundation
2020
8'000| |---|---|---|---|---|---|---|---| |FIXEDASSETS
Tangible fixed assets
Investments||||33,869
12,822|35,072
10,695|33,852
12,822|35,049
10,695| |||||46,691|45,767|46,674|45,744| |CURRENT ASSETS
Stocks
Debtors payable
within
Cash|one|year||119
617
10,929|110
573
5 113||11
705
5,078| |||||11,665|5,796|11,633|5,794| |CREDITORS: payable|within|one year|10|(10,607)|(8,351)|(10,568)|(8,336)| |NET CURRENT ASSETS/(LIABILITIES)||||1,058|(2,555)|1,065|(2,542)| |TOTAL ASSETS LESS|CURRENT LIABILITIES|||47,749|43,212|47,739|43,202| |CREDITORS: due after
Advance
fees
Loans|more|than one year|12
11|(1,036)
(3,165)|(906)
(3,805)|(1,036)
(3,165)|(906)
(3,805)| |TOTAL NET ASSETS|||14|43,548|38,501|43,548|38,491| |FUNDS
PERMANENT
ENDOWED FUNDS
EXPENDABLE ENDOWED
FUNDS
RESTRICTED FUNDS
UNRESTRICTED FUNDS|||15
16
17
18|4,454
4,285
2,394
32,415|3,750
3,609
1,550
29,592|4,454
4,285
2,394
32,405|3,750
3,609
1,550
29,582| |||||43,548|38,501|43,538|38,491| ## ## |||||||||2021|2020| |---|---|---|---|---|---|---|---|---|---| |||||||Notes||8'000|8'000| |CASH FLOWS FROM OPERATING|||ACTIVITIES:||||||| |Net cash|provided
by operating
activities|||||23||6,350|855| |CASH FLOWS FROM INVESTING ACTIVITIES|||||||||| |Investment
income recei pts
Bank interest
received|||||||312
4||301
17| |Purchase|of tangible
fixed|assets|||||(162)||(504)| |Purchase|of investments||||||(48)||(17)| |Net cash|provided/(used)|by investing
activities||||||106|(203)| |CASH FLOWS FROM FINANCING|||ACTIVITIES:||||||| |Repayments
of loans and||mortgage|borrowings||||(640)||(640)| |Net cash|(used) financing|activities||||||(640)|(640)| |Change
in|cash and cash|equivalents|in the|reporting|period|||5,816|12| |Cash and|cash equivalents|at the beginning||of the period||||5,113|5,101| |Cash and|cash equivalents|at the end of the||reporting|period|||10,929|5,113| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |ed
assets
preciation|down
to t
rates are:|heir
estimated
residual
value
over
their
esti|mated
useful
lives.
The| |---|---|---|---| ||||Per Annum| |Freehold|land||Nil| |Freehold|buildings
off|site rebuild cost used for depreciation|2%| |Freehold|buildings
on|site new build cost used|2%| |Freehold|buildings
on|site total refurbishment|7 —20 years| |Buildings|on leasehold|land|Length of lease| |Plant and|machinery||10 - 20%| |Fixtures,|fittings
and equipment||7 —34%| ## ## ## ## ## ## # ## ## ||SCHOOL FEES||||||||||2021|2020| |---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||||8'000|8'000| ||Fees receivable|consist||||of:||||||| ||School fees||||||||||23,806|22,900| ||Less: scholarships,|||bursaries|||and allowances||||(1,802)|(1,638)| ||||||||||||22,004|21,262| ||Add back: Bursaries|||and||other awards||paid|by restricted|funds|158|212| ||||||||||||22,162|21,474| |3.|CHARITABLE ACTIVITES||||- OTHER INCOME||||||2021|2020| ||||||||||||8'000|8000| ||Other educational||charitable||||activities|||||| ||Entrance
and registration|||||fees|||||81|96| ||Recharge extra-curricular|||||activities|||||125|450| ||Pupil welfare||||||||||59|| ||Courses and sub-lettings||||||||||254|461| ||Summer
School|||||||||||49| ||||||||||||519|1,056| ||Other activities|||||||||||| ||School fees refund||scheme commissions|||||||||12| ||Other||||||||||112|17| ||||||||||||112|29| ||GRANTS AND DONATIONS||||RECEIVABLE|||||||| ||2021||||||||UN RESTRICT|ED|RESTRICTED|TOTAL| ||||||||||8'000||8'000|8'000| ||Donations|||||||||3|480|483| ||Donations
for bursaries||||re|Wesley Scholars|||||41|41| ||Legacies||||||||908||264|1,172| ||Furlough
grant||||||||434|||434| ||||||||||1,345||785|2,130| ||2020||||||||UNRES TRICTED||RESTRlcTED|TOTAL| ||||||||||8'000||8'000|8'000| ||Donations|||||||||45|394|439| ||Donations
for bursaries|||re Wesley Scholars|||||||65|65| ||Furlough
grant||||||||711|||711| ||||||||||756||459|1,215| |5.|OTHER TRADING ACTIVITIES|||||||||||| ||Trading
income||||||||||2021|2020| ||||||||||||8'000|8000| ||Leys Enterprises|(Cambridgel|||||Ltd||||252|214| ## |6.
ANALYSIS OF EXPENDITURE|6.
ANALYSIS OF EXPENDITURE||||| |---|---|---|---|---|---| |2021||Staff|Other|Depreciation|Total| |||costs|costs||| |||8'000|8'000|8'000|8'000| |Costs of raising funds:|||||| |Non-ancillary
trading||54|184||244| |Fundraising
and Development||107|63||170| |Financing
costs under advance fee|||||| |contracts|||141||141| |Financing
costs|||42||42| |Bank and mortgage|interest||106||106| |Investment
managers|charge||38||38| |Total costs of raising|funds|161|574||741| |Charitable
activities:|||||| |Education
and grant|making||||| |Teaching||10,686|1,222|125|12,033| |Welfare||1,094|1,777|76|2,947| |Premises||873|1,884|1,158|3,915| |Support costs and governance||1,889|773||2,662| |Schools' operating
costs||14,542|5,656|1,359|21,557| |Grants,
awards
and prizes|||263||263| |Cost of charitable
activities||14,542|5,919|1,359|21,820| |Total expenditure||14,703|6,493|1,365|22,561| |2020||Staff|Other|Depreciation|Total| |||costs|costs||| |||6"000|8000|8000|8000| |Costs ofraising funds:|||||| |Trading costs||57|150||213| |Fundraising
for voluntary
resources||92|84||176| |Financing costs under advance fee|||||| |contracts|||168||168| |Financing costs|||64||64| |Bank and mortgage interest|||147||147| |Investment
managers|charge||3829||29| |Total costs ofraising|funds|149|642||797| |Charitable
activities|||||| |Education
and grant making|||||| |Teaching||10,745|1,465|119|12,329| |Welfare||1,051|1,633|77|2,761| |Premises||913|1,703|1,320|3,936| |Support costs and governance||1,916|845||2,761| |Schools' operating
costs||14,625|5,646|1,516|21,787| |Grants,
awards and prizes|||312||312| |Cost of charitable
activities||14,625|5,958|1,516|22,099| |Total expenditure||14,625|6,600|1,522|22,896| ## ## ||||||2021|2020| |---|---|---|---|---|---|---| ||||||8'000|8000| |Governance
expenditure|includes:|||||| |Auditors'
remuneration|for|audit services|||25|20| |Reimbursement
of personal||expenses|to Governors —travel costs|||| ||||||25|20| |Total staff costs comprised:||||||| |The aggregated
payroll|costs for the year were|||as follows:||| |Wages and salaries|||||11,567|11,627| |Social security costs|||||1,136|1,148| |Pension
contributions|||||2,000|1,999| ||||||14,703|14,774| |Aggregate
employee-benefits||of key management||personnel|1,619|1,581| |The|number
of higher
paid employees|was:|2021|2020| |---|---|---|---|---| ||||No.|No.| ||Taxable emoluments
bands:|||| ||C 60,001 - 6 70,000||18|8| ||E 70,001 —680,000||1|1| ||E 80,001 - E90,000||1|1| ||6100,001 - 6110,000||1|1| ||6150,001 —2160,000||1|1| ||C170,001 - f180,000||1|1| ||||23|13| ## ## ## ## ## ## ## ||||||||||||Permanent|| |---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||||Endowment/|| ||||||||||||Expendable|| ||||||||||Unrestricted|Restricted|Endowed|Total| ||||||||||6'000|6'000|6'000|6'000| |Balance|1 August 2020||||||||2,872|737|7,086|10,695| |Additions|at cost||||||||683|198|1,574|2,455| |Disposal|proceeds||||||||(732)|(187)|(1,732)|(2,651)| |Investment
gains|||||||||585|152|1,380|2,117| |Changes|in cash awaiting||||investment||||57|15|134|206| |Closing market||value|31||July|2021|||3,465|915|8,442|12,822| ||||||||||||2021|2020| |Investments
comprise:|||||||||||8'000|8'000| |Investments|||||||||||12,534|10,613| |Cash|||||||||||288|82| ||||||||||||12,822|10,695| |The above|investments|||are in||listed|stocks.|||||| |The investment||holdings|||at the year-end|||were|UK C6.4m and|overseas E6.1m.||| |DEBTORS|||||||||Group||Foundation|| ||||||||||2021|2020|2021|2020| ||||||||||f,'000|8'000|8'000|8'000| |Amounts|falling due||in||less|than one year:||||||| |Fees|||||||||233|58|233|58| |Sundry debtors|||||||||40|43|39|40| |Prepayments|||||||||344|472|342|469| |Due from subsidiary|||undertaking||||||||85|238| ||||||||||617|573|699|705| |CREDITORS||||||||||||| ||||||||||2021|2020|2021|2020| ||||||||||8'000|8'000|8'000|8'000| |Amounts|falling due||within|||one year||||||| |Trade creditors|||||||||198|294|169|289| |Taxation|and social security||||||||317|293|314|289| |Loans and mortgages|||||||||640|640|640|640| |Other creditors|||||||||207|256|207|256| |Accruals|||||||||315|210|308|204| |Deposits|from|parents|||||||1,472|1,482|1,472|1,481| |Deferred|income - fees|||in advance|||of term||505|489|505|489| |Deferred|Income advance fees (see||||||note|12)|6,953|4,688|6,953|4,688| ||||||||||10,607|8,351|10,568|8,336| ## ## ## ## ## ## ## ## ## |Group and Foundation|2021|2020| |---|---|---| ||8'000|8'000| |Within
one year|50|62| |Between one and five years|66|136| |Over five years|24|25| ## ## |2021||||||||| |---|---|---|---|---|---|---|---|---| |||||Fixed||Net Current|Long Term|| |||||Assets|Investments|Assets/(liabilities)|Liabilities|Total| |||||6'000|6'000|E'000|6'000|8'000| |Permanent||endowment|||4,310|144||4,454| |funds||||||||| |Expendable
Restricted||endowed
funds|funds||4,132
915|153
1,479||4,285
2,394| |Unrestricted||funds||33,869|2,442|(731)|(3,165)|32,415| |||||33,869|11,799|1,045|(3,165)|43,548| |Advance fees|||||1,023|13|(1,036)|| |||||33,869|12,822|1,058|(4,201)|43,548| |2020||||||||| |||||Fixed||Net Current|Long Term|| |||||Assets|Investments|Assets/(liabilities)|Liabilities|Total| |||||C'000|C'000|6'000|F'000|E'000| |Permanent||endowment|||3,618|132||3,750| |funds||||||||| |Expendable||endowed|funds||3,468|141||3,609| |Restricted|funds||||737|813||1,550| |Unrestricted||funds||35,072|1,979|(3,654)|(3,805)|29,592| |||||35,072|9,802|(2,568)|(3,805)|38,501| |Advance fees|||||893|13|(906)|| |||||35,072|10,695|(2,555)|(4,711)|38,501| ## ## |2021|1|August|||Investment|31July| |---|---|---|---|---|---|---| |||2020|Income|Expenditure|Gains|2021| |||6'000|6'000|E'000|E'000|8'000| |Endowment||3,750|||704|4,454| ||2020||1 August|||Investment|31 July| |---|---|---|---|---|---|---|---| ||||2019|Income|Expenditure|Losses|2020| ||||8'000|E'000|E'000|E'000|6'000| ||Endowment||3,780|||(30)|3,750| |16.|EXPENDABLE|ENDOWED|FUNDS||||| |||||||Transfers
and|| ||2021||1 August|||Investment|31July| ||||2020|Income|Expenditure|Gains|2021| ||||8'000|6'000|E'000|6'000|K'000| ||Scholarships||3,609|||676|4,285| |2020|1|August
2018|Income|Expenditure|Investment
Losses|31 July
2019| |---|---|---|---|---|---|---| |||8'000|6'000|E'000|E'000|C'000| |Scholarship||3,638|||(29)|3,609| ## ## ||||||||||| |---|---|---|---|---|---|---|---|---|---| |2021|||||1 August||||31July| |||||||||Investment|| |||||||||Gains/|| ||||||2020|Income|Expenditure|Transfers|2021| ||||||8'000|E'000|6'000|6'000|8'000| |Wesley scholars fund|||||39|41|(37)||43| |Scholarship|||||38|100|(100)||38| |Ollie Feast||||||50|||50| |Development||funds|||||||| |Great Hall|||||8||||8| |Chapel
Centenary|||fund||21||||21| |The gift of|education|||(bursary)|1,028|440||152|1,620| |Bursaries|(various)||||62|117|(21)||158| |Prize funds|||||62||||62| |Boat house||redevelopment|||17||||17| |Vision studio|||||17|72||(35)|54| |Other|||||120|3|||123| |Community||fund|||138|85|(23)||200| ||||||1,550|908|(181)|117|2,394| |2020||||1 August||||31 July| |---|---|---|---|---|---|---|---|---| |||||2019|Income|Expenditure|Transfers|2020| |||||2'000|6'000|6'000|6'000|C'000| |Wesley scholars||fund||39|65|(65)||39| |Scholarship||||38|96|(96)||38| |Development|funds|||||||| |Great Hall||||26|||(19)|8| |Chapel
Centenary||fund||21||||21| |The gift of education
Bursaries|||(bursary)|810
30|224
83|(51)|(6)|1,028
62| |Ely bursaries||||62||||62| |Prize funds||||17||||17| |Boat house|redevelopment|||50|||(33)|17| |Other||||78|42|||120| |Community|Fund|||70|68|||138| |||||1,241|579|(212)|(58)|1,550| ## ## ## |UNRESTRICTED|FUNDS||||Transfers/|| |---|---|---|---|---|---|---| |2021||1 August|Income|Expenditure|Investment|31July| |||2020|||Gains|2021| |||C'000|E'000|E'000|C'000|8'000| |Designated
funds||||||| |Gift of education||131|908|||1,039| |Funds towards
HSE incident||250||(250)||| |Funds for COVID-19 bursaries||406||(183)||223| |Unrestricted
funds||28,805|23,675|(21,947)|620|31,153| |Total Unrestricted|Funds|29,592|24,583|(22,380)|620|32,415| ||||||||| |---|---|---|---|---|---|---|---| |2020||||||Transfers/|| ||||1 August|Income|Expenditure|Investment|31Juiy| ||||2019|||Gains|2020| ||||8'000|8'000|8'000|6'000|8'000| |Designated
funds|||||||| |Gift of|education||92||||131| |Funds|towards
HSEincident||250||(50)||250| |Funds|for COVID-19 bursaries|||40|||406| |Unrestricted
funds|||28,430|23,032|(22,684)|27|28,805| |Total unrestricted||funds|28,522|23,727|(22,684)|27|29,592| ## ## ## ## ## ## ## |ANALYSIS OF CHANGES
IN|ANALYSIS OF CHANGES
IN|ANALYSIS OF CHANGES
IN|NET|NET|DEBT||||| |---|---|---|---|---|---|---|---|---|---| ||||||||1 August|Cash|31July| ||||||||2020|flows|2021| ||||||||S'OOO|8'000|6'000| |Cash
in bank|||||||5,113|5,816|10,929| |Advance
fee payments||due within||one year|||(6,169)|(2,256)|(8,425)| |Advance
fee payments||due after more than||||one|(906)|(130)|(1,036)| |year|||||||||| |Bank loans falling due||within|one|year|||(190)||(190)| |Bank loans falling due||after more||than one year|||(2,567)|190|(2,377)| |Mortgages
falling due||within
one year|||||(450)||(450)| |Mortgages
falling due||after more than one year|||||(1,238)|450|(788)| |Total borrowings|||||||(11,520)|(1,746)|(13,266)| |Net Debt|||||||(6;407)|4,070|(2,337)| |RECONCILIATION|OF NET INCOME TO GROUP CASH||||||FLOW FROM|OPERATING|| |ACTIVITIES|||||||||| ||||||||2021|2020|| ||||||||8'000|8'000|| |Net income for the|reporting||period||||2,930|1,410|| |(as per the statement||of financial||activities)|||||| |Adjustments
for|||||||||| |Depreciation
charge|||||||1,365|1,522|| |Investment
income|and interest||||||(316)|(318)|| |Investment
managers||fees|||||38||29| |(Increase)/decrease|in|stocks|||||(9)||9| |(Increase)/decrease|in|debtors|||||(44)|568|| |Increase/(decrease)|in|creditors||||||(618)|| |(excluding
advance|fee movement)||||||||| |Increase/(decrease)
creditors|in
fees||in|advance||scheme|2,395|(1,745)|| |(Decrease)
in parent|deposits||||||(9)||(2)| |Net cash provided
by||The Group's|||operating||||| |activities|||||||6,350|855|| ## |24.|FINANCIAL
INSTRUMENTS|FINANCIAL
INSTRUMENTS||||||| |---|---|---|---|---|---|---|---|---| ||||||Group|Group|Foundation|Foundation| ||||||2021|2020|2021|2020| ||||||8'000|8'000|8'000|8'000| |Financial
Financial
Financial|assets measured
at
assets measured
at
liabilities
measured|amortised
cost (a)
fair value (b)
at amortised
cost (c)|||11,202
12,822
(2,798)|5,209
10,695
(2,837)|11,275
12,822
(2,762)|5,308
10,695
(2,828)| |Net financial
assets measured||at amortised||cost|21,226|13,067|21,335|13,175| ## ## |Year ended 31July 2020|||Unrestricted|Restricted|Endowed|Total| |---|---|---|---|---|---|---| ||||Funds|Funds|Funds|Funds| |||||||2020| ||||8'000|8'000|8'000|8'000| |Income and endowments|from|||||| |Charitable
Activities||||||| |School fees (net)
Other educational
income|||21,474
1,056|||21,474
1,056| |Other ancillary
activities|||29|||29| |Voluntary
sources
Donations|||756|459||1,215| |Investments||||||| |Investment
income|||184|117||301| |Bank and other interest|||14|3||17| |Other trading activities
Non-ancillary
trading
income|||214|||214| |Total income|||23,727|579||24,306| |Expenditure
on||||||| |Raising funds
Non-ancillary
trading|||213|||213| |Fund-raising
for voluntary|resources||176|||176| |Financing
costs under Advance
Contracts||Fee|168|||168| |Finance costs|||64|||64| |Bank and Mortgage
interest|||147|||147| |Investment
Management|Fees||29|||29| |Total deductible
costs|||797|||797| |Charitable
Activities||||||| |Schools and grant making|||21,887|212||22,099| |Total expenditure|||22,684|212||22,895| |NET INCOME|||1,043|367||1,410| |Investment
gains|||(25)|(6)|(59)|(90)| |Transfers
between
funds|||52|(52)||| |NET MOVEMENT
IN FUNDS|||1,070|309|(59)|1,320| |Fund balances at 1 August|2019||28,522|1,241|7,418|37,181| |FUND BALANCES at 31July 2020|||29,592|1,550|7,359|38,501| ## ## |urpluses
earned
by the|company
as a do|nation
under gift aid.||| |---|---|---|---|---| ||||2021|2020| ||||8'000|8'000| |BALANCE SHEET||||| |Tangible
fixed assets|||17|23| |CURRENT ASSETS||||| |Stock|||102|99| |Debtors|||3|3| |Cash|||12|35| ||||117|137| |CREDITORS: amounts|falling due within|one year|(124)|(150)| |Net current
liabilities|||(7)|(13)| |TOTAL NET ASSETS|||10|10| |CAPITAL AND RESERVES||||| |Called
up share capital
Profit and loss account|||10|10| ||||10|10| |PROFIT|AND LOSS ACCOUNT|2021|2020| |---|---|---|---| |||6'000|8'000| |Turnover||252|214| |Cost of Sales||(226)|(195)| |Gross profit||26|19| |Administration||(18)|(18)| |Net profit||8|| |Donation|to Parent under gift aid|(8)|| |Retained|profit for period||| ## ## ## ## ## ## ## ## ## ## ##