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|||Notes|Unrestricted|Restricted|2021|2020|
|---|---|---|---|---|---|---|
||||Funds|Funds|Total|Total|
||||||R||
|INCOMING RESOURCES|||||||
|Charitable
activities||2|20,145,935||20,145,935|18,493,772|
|Activities to generate funds|||||||
|Other income|||(93,553)||(93,553)|922,036|
|Investment
income|||904||904|23,030|
|Total Incoming resources|||20,053,286||20,053,286|19,438,838|
|RESOURCES EXPENDED|||||||
|Charitable
activities|||||||
|School Expenditure|||16,463,941|70|16,464,011|16,126,608|
|Grants and Donations|||4,511||4,511|2,074|
|Total resources expended||5|16,468,452|70|16,468,522|16,128,682|
|NET INCOME BEFORE GAINS AND LOSSES||7|3,584,834|{70)|3,584,764|3,310,156|
|Pension scheme actuarial|gain /(loss)|14|326,000||326,000|(1,491,000)|
|Net movements
in funds|||3,910,834|(70)|3,910,764|1,819,156|
|Funds brought
forward|||39,444,430|2,937|39,447,367|37,628,211|
|Fund balances carried forward|||43,355,264|2,867|43,358,131|39,447,367|
##
|||||Notes|2021|2020|
|---|---|---|---|---|---|---|
|Cash flows from operating|activities||||||
|Net incoming
resources for the financial year|||||3,584,764|3,310,156|
|Adjustments
for:|||||||
|Depreciation
oftangible assets|||||1,399,295|1,104,606|
|Interest received|||||{904)|(23,030)|
|Interest paid|||||56,504|79,626|
|Decrease / (increase)
in debtors|||||13,546|52,379|
|Increase/ (decrease)
in creditors|||||501,268|(588,533)|
|(Profit) / Loss on disposal of|fixed assets||||(5,000)|1,682|
|Pension costs|||||900,000|622,000|
|Pension contributions|||||(390,000)|(270,000)|
|Net cash generated
from operating||activities|||6,059,473|4,288,886|
|Cash flows from investing|activities||||||
|Purchases oftangible assets|||||(781,137)|(4,76T,230)|
|Proceeds from the sale offixed assets|||||5,000|751|
|Interest received|||||904|23,030|
|Net cash used in investing|activities||||(775,233)|(4,743,449)|
|Cash flows from financing|activities||||||
|(Repayment)
/ Drawdown
of|long term|loan|||(850,000)|(850,000)|
|Interest paid|||||(56,504)|(79,626)|
|Net cash from /(used
in) financing||activities|||(906,504)|(929,626)|
|Net increase/ {decrease) in|cash||||4,377,736|(1,384,189)|
|Cash and cash equivalents|at the beginning||ofthe year||5,353,419|6,737,608|
|Cash and cash equivalents|at the end ofthe||year|13|9,731,155|5,353,419|
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|STAFF COSTS|||
|---|---|---|
||2021|2020|
||E|E|
|Staff salaries and wages
Social security costs
Pension costs'|8,499,379
96$,040
2,318,348|8,399,430
961,773
1,976,025|
|Restructuring
costs|5,104|11,249|
|Staff costs|11,791,871|11,348,477|
|Agency staff costs
Other staff costs|8,712
33,228|40,650
32,894|
|Total staff costs|11833811|11422 021|
|Made up as follows|||
|Teaching staff
Other|9,058,362
2125448|8,975,766
2448 255|
||11833811|11422 021|
||2021||2020||
|---|---|---|---|---|
|||No.||No.|
|E60,000 - E69,999||32||33|
|E70,000 - E79,999||9||3|
|E80,000 - E89,999||||3|
|E90,000 - E99,999||||1|
|E100,000 - E109,999|||||
|E110,000 - E119,999|||||
|E140,000 - E149,999|||||
|E150,000 - Ef59,999|||||
|E250,000 -E259,999|||||
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||2021|2020|
|---|---|---|
||f|f|
||1,399,295|1,104,606|
||15&576|14,658|
|Freehold
land|Furniture
and||
|and buildings|equipment|Total|
|f||f|
|50,648,011|2,273,204|52,921,215|
|259,592|521,545|781,137|
|(1,671,619)|1,671,619
~273056|~273 058|
|49,235,984|4,193,310|63,429,294|
|7,861,323|1,880,796|9,742,119|
|990,217|409,078|1,399,295|
|~10502|(273,058)
19502|(273,058)|
|8,832,038|2,036,318|10,868,356|
|404D3 048|2 158092|42 560 S38|
|42 786 688|302408|43 1790SD|
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|2021|2020|
|---|---|
|f|f|
|11,679|17,250|
|10,110|62,532|
|320193|275 946|
|342182|355720|
|2021|2020|
|f|f|
|393,567||
|162,&86|138,441|
|534,984|587,769|
|312,830|256,384|
|850 ODD|850 000|
|2 254 267|1 832 594|
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|e)|Amounts
recognised
in the Balance|Sheet||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||At 31July|At 31 July|
|||||||||2021|2020|
|||||||||R|K|
||Present value ofthe defined
benefit obligation|||||||(12,217,000)|(10,990,000)|
||Fair value of Fund assets (bid value)|||||||7257000|6214000|
||(Deficit)lBurplus|||||||4,960,000|4776000|
||Net defined beneflt (liability)/asset|||||||4960 OOQ|4776000|
|f)|Changes
in the present value ofthe|defined||benefit obligation||were|as follows:|||
|||||||||At 31July|At 31 July|
|||||||||2021|2020|
|||||||||6||
||Openlnq
defined benefit obligation|||||||(10,990,000)|(8,598,000)|
||Service cost|||||||(830,000)|(556,000)|
||Interest cost|||||||(148,000)|(180,000)|
||Employee contributions|||||||(112,000)|(94,000)|
||Experience (loss)/gain
on defined benefit obligation|||||||200,000|(409,000)|
||Change
in financlal
assumptlons|||||||(676,000)|(1,213,000)|
||Change
in demographic
assumptions|||||||141,000|(85,000)|
||Past service costs, including
curtallments|||||||||
||Benefits paid net of transfers
In|||||||190000|145000|
||Define benefit obligation
at end ofyear|||||||12217 QOO|10990000|
|g)|Changes
in the fair value ofthe scheme assets||||were as follows:|||||
|||||||||At 31JUIY|At 31 July|
|||||||||2021|2020|
|||||||||K|R|
||Openlnq
fair value ofscheme assets|||||||6,214,000|5,665,000|
||Interest on assets|||||||86,000|121,000|
||Return on Assets less interest|||||||661,000|185,000|
||Other actuarial gains /(losses)||||||||31,000|
||Administration
expenses|||||||(8,000)|(7,000)|
||Employer contributions|||||||390,000|270,000|
||Employee
contributions
Benefits paid plus unfunded
net oftransfers||In|||||112,000
~190000|94,000
145000|
||Closing fair value offund assets|||||||7 257000|6214000|
|h)|Sensitivity analysis:|||||||||
||The sensitivity
regarding
the principal|assumptions|||used to measure the||scheme liabilities are|set out below:||
||Change
in assumptions
as at 31July|2021:||||||||
||||||||Rooos|aOOOs|Rooos|
||Adjustment
to discount rate||||||&.1%|0.0%|-01%|
||Present value of total obllqatlon||||||11,963|12,217|12,477|
||Projected service cost||||||861|889|918|
||Adjustment
to long term salary increase||||||1%|0,0%|-0,1%|
||Present value of total obligation||||||12,246|12,217|12,188|
||Projected service cost||||||890|889|889|
||Adjustment
to pension
increases
and|deferred||revaluation|||+0.1%|0,0%|-0,1%|
||Present value oftotal obligation||||||12,444|12,217|11,994|
||Projected service cost||||||917|889|862|
||Adjustment
to life expectancy
assumptions||||||+1year|None|-1 year|
||Present value of total obligation||||||12,766|12,217|11,692|
||Projected service cost||||||930|889|849|
##
##
|NET ASS|ETS|||||
|---|---|---|---|---|---|
|||Fixed|Net Current|Long term||
|||Assets|Assets|Llabrlibes|Total|
|||K|K|E|E|
|Restricted|funds||2,867||2,867|
|Unrestricted|funds|42 56D 938|7816203|~7021 877|43355264|
|||42 580938|7 819070|~7021877|43358 131|
##
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|Year Ended 31July 2020||Unrestricted|Restricted|2020|
|---|---|---|---|---|
|||Funds|Funds|Total|
||||F.|E|
|INCOMING
RESOURCES|||||
|Charitable
activities||18,493,772||18,493,772|
|Activities to generate funds|||||
|Other income||922,036||922,036|
|Investment
income||23527||23530|
|Total Incoming resources||19438 835||10430038|
|RESOURCESEXPENDED|||||
|Charitable activies|||||
|School Expenditure||16,126,445|163|16,126,608|
|Grants and Donations||2074||2074|
|Total resources expended||16128510|163|16128682|
|NET INCOME BEFOREGAINS AND LOSSES||3,310,316|(160)|3,310,156|
|Pension scheme actuarial|gain / (loss)|(1,491,000)||(1,491,000)|
|Net movements
In funds||1 019316|160|1 810150|
|Funds brought
forward||37,625,114|3,097|37,628,211|
|Fund balances carried forward||38444 430|2 937|30447 367|