2021-08-31-accounts - Exeter Cathedral School

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	Page	Page
Report ofthe Trustees	1	lo	20
Report ofthe Independent Auditors	21	to	24
Statement of Financial Activities		25
Statement ofFinancial Position		26
Statement ofCash Flows		27
Notes to the Statement ofCash Flows		28
Notes to the Financial Statements	29	to	42

netheless, an overview	of key dates is below:
September 2020	School opens to all pupils,	with multiple		control	measures		in place
	indudin Bubbles
January 2021	Lent term begins School closes to all pupils	(apart from vulnerable			and	critical worker
	children) Full Remote Learnin acka e offered		'ECS Learnin			2021' to all
April 2021	Trinity term begins School opens to all pupils,	with multiple		control	measure		in place
	Remote rovision offered	to isolatin	u	ils
July 2021	Bubble Speech Days & Prize-Givings
	End ofTerm

						2021	2020
				Unrestricted	Restricted	Total	Total
				funds	fund	funds	funds
			Notes	E	6	6
INCOME AND ENDOWMENTS		FROM
Donations and legacies			2	42,772	24,867	67,639	33,747
Charitable activities
Gross charitable activity income				2,463,843		2,463,843	2,363,967
Other trading activities Investment income			3 4	6,488 4,230	4,938	6,488 9168	3,993 10310
Total				2,517,333	29,805	2,547,138	2,412,017
EXPENDITURE ON
Raising funds
Charitable activities
Gross charitable activity costs				2,471,212	8,512	2,479,724	2,463,593
'Total				2,471,212	8,512	2,479,724	2,463,593
Net gains/(losses) on investments				29,982	20,645	50,627	~3,6747
NET INCOME/(EXPENDITURE)				76,102	41,938	118,040	(55,250)
RECONCILIATION OF FUNDS
Total funds brought	forward			343,899	286,920	630,819	686,069
TOTAL FUNDS CARRIED FORWARD				420001	328,858	748,859	630,819

			2021	2020
		Notes
FIXEDASSETS
Intangible assets		12	3,805	6,660
Tangible assets		13	636,145	666,858
Investments		14	449 473	395,402
			1,089,423	1,068,920
CURRENT ASSETS
Stocks		15	5,186	3,829
Debtors		16	418,597	348,765
Cash at bank and	in hand		463,951	249 731)
			887,734	602,333
CREDITORS
Amounts falling due within one year		17	(1,089,897)	(842,067)
NET CURRENT ASSETS			~202 163)	~239,734)
TOTAL ASSETS	LESSCURRENT
LIABILITIES			887,260	829,186
CREDITORS
Amounts falling due after more than one
year		18	(136,901)	(198,367)
PROVISIONS FOR LIABILITIES		23	(1,500)
NET ASSETS			748,859	630819
FUNDS		24
Unrestricted funds			420,001	343,899
Restricted funds			328,858	286,920
TOTAL FUNDS			7411,859	630819

			2021	2020
	Notes
Cash flows from operating activities Cash generated from operations Finance costs paid		1	261,611 ~2,587	(2,768) ~2,813)
Net cash provided by/(used	in) operating	activities	~259 023	~5581)
Cash flows from investing	activities
Purchase oftangible fixed assets			(34,328)	(22,152)
Purchase offixed asset investments Sale offixed asset investments			(21,943) 2,293	(139,006) 304,619
Investments Revaluation				(9,188)
Interest received Dividends received			619 ~8548	106 ~10204
Net cash (used in)/provided	by investing	activities	~44 811)	~144583
Cash flows from financing New loans in year	activities			50,000
Net cash provided by financing activities				50,000
Change in cash and cash in the reporting period	equivalents		214,212	189,002
Cash and cash equivalents beginning ofthe reporting	at the period		249,739	60,737
Cash and cash equivalents ofthe reporting period	at the end		463,951	249,739

ACTIVITIES
							2021	2020
Net income/(expenditure)				for the reporting		period (as per the
Statement of Financial			Activities)				118,040	(55,250)
Ad]ustments for:
Depreciation charges							65,041	66,214
(Gain)/losses on investments							(37,231)	3,674
Interest received							(619)	(106)
Finance costs							5,397	2,813
Dividends received							(8,548)	(10,204)
Amortisation charges							2,855	2,856
Increase in stocks							(1,357)	(544)
(Increase)/decrease		in debtors					(69,832)	7,783
Increase/(decrease)		in creditors					187,864	~20,004
Net cash provided		by/(used			in) operations		261,611	~2,768)
ANALYSIS OF CHANGES				IN	NET FUNDS
						At 1.9.20	Cash flow	At 31.8.21
							E	6
Net cash
Cash at bank and	in	hand				249,739	214,212	463,951
						249,739	214,212	463,951
Debt
Debts falling due within			1 year				(9,507)	(9,507)
Debts falling due after 1			year			~50,000)	9,507	~40,493)
						~50,000)		~50,000)
Total						199,739	214,212	413,951

			Year	Year
			ended	ended
			31.8.21	31.8.20
	Unrestricted	Restricted	Total	Total
	funds	funds	funds	funds
	E	E	E	F
Donations Grant income	26,265 16,506	24,867	51,132 16,506	33,747
	42,772	24,667	67,633	33,747
OTHER TRADING ACTIVITIES
			2021	2020
			E	6
Shop income				963
Kalendar Hall lettings Sundry events			8,444 L1,995566)	2,680 350
			6,488	~3993

		2021	2020
		6	F
Income	from listed investments	8,549	10,204
Deposit	account interest	619	106
		~9168	10,310

INCOME FR	OM CHARITABLE AC	TIVITIES
				Year	Year
				ended	en Cled
				31.8.21	31.8.20
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
			F		F
Gross fees		2,683,967		2,683,967	2,463,580
Discounts		(225,049)		(225,049)	(204,795)
Bursaries		(90,658)		(90,658)	(94,969)
Boarding Lunches		47,495		47,495	58,096 81,446
Breakfast club		1,568		1,568	4,932
After school	care	36,707		36,707	47,874
Registration Income from	fees extra activities	7,369 2,445		7,369 2 446	6,700 833
		2,463 843		2,463 843	2 363 967

Other trading activities
	2021	2020
Opening stock Purchases	3,829 1,357	3,285
Closing stock	~5186)	(3,829)

				Year	Year
				ended	ended
				31.8.21	31.8.20
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		F	F	6	L
Educational		1,752,014		1,752,014	1,513,653
Boarding		3,397		3,397	43,728
After school	care	22,792		22,792	19,592
Domestic and catering		419,948		419,948	320,294
Maintenance		100,689	6,948	107,637	180,640
Administration		152,915		152,915	369,791
Governance	costs	14,370		14,370	13,082
Finance costs		5687	1 564	6,651	2,813
		2,471 212	8,512	2 478,724	2,463 583

				2021	2020
				F	F
Depreciation - owned		assets		65,041	66,214
Computer	software amortisation			2,855	2,856
Auditors	remuneration			5,482	5,322
Auditors	remuneration	- non-audit	services	8,888	7,500

S'TAFF COSTS
	2021	2020
Wages and salaries Social security costs Other pension costs	1,400,832 126,772 163,435	1,394,508 124,390 210247
	1,691,039	1,729 145

2021	2020
60	61

2021	2020
1	1

	Total employee benefits received by key management personnel during the 2483,492)	Total employee benefits received by key management personnel during the 2483,492)	year was F39	0,733(2020:
11.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
		Unrestricted	Restricted	Total
		funds	fund	funds
		E	F	E
	INCOME AND ENDOWMENTS	FROM
	Donations and legacies	33,747		33,747
	Charitable activities
	Gross charitable activity income	2,363,967		2,363,967
	Other trading activities Investment income	3,993 10,310		3,993 10310
	Total	2,412,017		2,412,017
	EXPENDITURE ON
	Raising funds
	Charitable activities
	Gross charitable activity costs	2,453,067	10,526	2,463,593

11.	COMPARATIVES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES	-continued
				Unrestricted		Restricted	Total
				funds		fund	funds
				F		E	6
	Total			2,453,067		10,526	2,463,593
	Net gains/(losses)	on	investments		208	~3,8797	~36747
	NET INCOME/(EXPENDITURE)			(40,845)		(14,405)	(55,250)
	RECONCILIATION	OF FUNDS
	Total funds brought		forward	384,744		301,325	686,069
	TOTAL FUNDS CARRIED FORWARD			343	899	286,920	630 879
12.	INTANGIBLE FIXED		ASSETS
							Computer
							software
							E
	COST
	At 1 September 2020		and
	31 August 2021						14274
	AMORTISATION
	At 1 September 2020 Charge for year						7,614 2,855
	At 31 August 2021						10,469
	NET BOOK VALUE
	At 31 August 2021						3,805
	At 31 August 2020						6,660

TANGIBLE FIXEDASSETS
			Fixtures
	Short	Plant and	and
	leasehold	machinery	fittings
	F	F	F
COST
At 1 September 2020 Additions	742,320	33,103 15,168	173,835 1,254
At 31 August 2021	742,320	48,271	175,089
DEPRECIATION
At 1 September 2020 Charge for year	164,060 ~32 278	13,619 ~10604	112,761 ~15586
At 31 August 2021	196,338	24,223	128,347
NET BOOK VALUE
At 31 August 2021	~545 982	24,048	46,742
At 31 August 2020	~578 260	19,484	~61 074
	Motor	Computer
	vehicles	equipment	Totals
		F	6
COST
At 1 September 2020 Additions	16,471 11,712	78,484 6,194	1,044,213 34,328
At 31 August 2021	28,183	84,678	1~078,541
DEPRECIATION
At 1 September 2020 Charge for year	13,461 753	73,454 ~5820	377,355 65,041
At 31 August 2021	14,214	79,274	442,396
NET BOOK VALUE
At 31 August 2021	13,969	5,404	~636 145
At 31 August 2020	3,010	5,030	666,858

FIXEDASSET INVESTMENTS
			Listed
			investments
			E
MARKET VALUE
At 1 September 2020			395,402
Additions			21,944
Disposals			(8,515)
Revaluations			~40 642
At 31 August 2021			449,473
NET BOOK VALUE
At 31 August 2021			~449 473
At 31 August 2020			~395 402
There were no fixed asset investments	outside of	the UK.
Cost or valuation at 31 August 2021 is	represented	by:

	The revaluation disclosed	in the notes ofthese finandai	in the notes ofthese finandai	in the notes ofthese finandai	in the notes ofthese finandai	in the notes ofthese finandai	statements	statements	does not	agree to	the realised gain
	on fixed asset investments		shown	on the face of the		SoFA because			of the nature ofthe items that form
	the overall change in value.		A reconciliation		ofthese	figures		is as follows;
	Realised gains/(losses) on		fixed	asset investments		per	SoFA				50,626
	Capital introduced
	Income from listed investments										8,548
	Investment management	fees									(2,811)
	Cash cost of additions
	Cash proceeds of disposals
	(Profit)/Loss on disposals Change in investment value arising from cash drawings										~75,7227
	Actual change in value of	fixed asset investments									40,642
15.	STOCKS
										2021 E	2020f
	Stocks									5,186	3,829

DEBTORS:AMOUNTS F	ALLING DUE WITHIN ONE YEAR
		2021	2020
		F	8
Trade debtors		343,765	279,626
Other debtors		6;282	33,955
Prepayments		68,550	35,184
		~418 597	~348 765
CREDITORS: AMOUN'TS	FALLING DUE WITHIN ONE YEAR
		2021	2020
			E
Bank loans and overdrafts	(see note 19)	9,507
Trade creditors		67,887	37,586
Social security and other	taxes	33,678	32,985
Other creditors		28,458	4,425
Deferred income		927,880	747,461
Accrued expenses		22,487	19,610
		1089897	882,087

					2021	2020
					8	F
Bank loans	(see note 19)				40,493	50,000
Other creditors					62,502	70,445
Accruals and deferred		income			33,906	77,922
					~136 901	198,367
LOANS
An analysis	of the maturity		of	loans is given belovr.
					2021	2020
					F	8
Amounts falling due within			one year on demand:
Bankloans					9,507
Amounts falling between			one	and two years:
Bank loans	- 1-2years				~9747	9,398
Amounts falling due between				two and five years:
Bank loans	- 2-5 years				~30 746	28,194

LOANS	- continued
				2021	2020
				F	F
Amounts	falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal					12,408
LEASING AGREEMENTS
Minimum	lease payments	under non-cancellable	operating	leases fall due as follows:
				2021	2020
				F
Within one year				61,650	75,342
Between	one and five years			233,229	257,067
In more	than five years			741 425	741 425
				1,036,304	I 073 I)34

	The following secured de	bts are included within creditors:
				2021	2020
				6	6
	Bank loans			~50 000	50,000
	The bank loan is secured	by a charge over the investments	of the charity.
22.	ANALYSIS OF NET ASSETS BETWEEN FUNDS
				2021	2020
		Unrestricted	Restricted	Total	Total
		funds	fund	funds	funds
		6	6	6	F
	Fixed assets	587,607	52,343	639,950	673,518
	Investments	217,207	232,266	449,473	395,402
	Current assets	840,985	46,749	887,734	602,333
	Current liabilities	(1,087,397)	(2,500)	(1,089,897)	(842,067)
	Long term liabilities Provisions	(136,901) ~1,500)		(136,901) ~1,500)	(198,367)
		420,001	32)i 858	748,859	630 819
23.	PROVISIONS FOR LIABILITIES
				2021	2020
				6
	Provisions			1,500

MOVEMENT IN F	U	NDS
					Net movement	Transfers
			At 1.9.20		in funds	between	funds	At 31.8.21
			E		F	F		F
Unrestricted funds
General fund			343,899		76,102			420,001
Restricted funds
Restricted other income			286,920		41,938			328,858
TOTAL FUNDS			630 819		11804~			748,859
Net movement in	funds included		in the above are as		follows:
			Incoming		Resources	Gains	and	Movements
			resources		expended	losses		in funds
					F	F		F
Unrestricted funds
General fund			2,517,333		(2,471,212)	29,982		76,102
Restricted funds
Minibus donations		fund		(2,040)				(2,040)
Library donations	fund
Kalendar Hall donations
fund					(3,245)			(3,245)
Hall House playground
fund					(3,075)			(3,075)
Thomas Franks Kitchen
fund				26,907	(628)			26,279
Hockey fund S.F.I.A Educational Trust fund Total Restricted funds				4938 29 805	~7,564) ~8,572)	20645 20 645		24019 41,938
TOTAL FUNDS			2,	547 138	~2 479,724)	50,627		118,040

Comparative:
			Net movement	Transfers
		At 1.9.19	in funds	between	funds		At 31.8.20
		F	F	E			E
Unrestricted funds
General fund		384,744	(40,845)				343,899
Restricted funds
Restricted other income		301,325	(14,405)				286,920
TOTAL FUNDS		686069	~55 250)			.	630 819
Net movement in	funds induded	in the above are as	follows:
		Incoming	Resources	Gains and			Movements
		resources	expended		losses		in funds
		E	F
Unrestricted funds
General fund		2,412,017	(2,453,067)		205		(40,845)
Restdcted funds
RR legacy fund			(3,124)				(3,124)
Minibus donations	fund
Library donations	fund
Kalendar Hall donations
fund			(4,327)				(4,327)
Hall House playground fund Investment gain/(loss) S.F.I.A Educational Trust fund Total Restricted funds TOTAL FUNDS		2,412,017	(3,075) ~10,526) ~2,483,593)	~3,II79) ~3,879) ~3,674)			(3,075) ~3879) ~14,405) ~55,250)