||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)|
##
##
##
##