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||`Page`|
|---|---|
|Referenceandadministrativedetailsofthecharity,itsGovernorsandadvisers|1|
|Governors'reportincludingdirectors'reportandstrategicreport)|2-11|
|Independentauditors'reportonthefinancialstatements|12-15|
|Statementoffinancialactivities|16|
|Balancesheet|17-18|
|Statementofcashflows|19|
|Notestothefinancialstatements|20-41|
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||||||Asrestated|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||`funds`|`funds`|`funds`|`funds`|
|||`2021`|`2021`|`2021`|`2020`|
||Note|£|£|£|£|
|Incomefrom:||||||
|Donationsandlegacies|4|20|-|20|6,686|
|Charitableactivities|5|1,443,307|-|1,443,307|1,583,736|
|Investments|6|765|-|765|1,257|
|Otherincome|7|216,502|-|216,502|271,797|
|Totalincome||1,660,594|-|1,660,594|1,863,476|
|Expenditureon:||||||
|Charitableactivities|8|2,327,551|-|2,327,551|2,064,930|
|Totalexpenditure||2,327,551|-|2,327,551|2,064,930|
|Netexpenditurebeforenetlosseson||||||
|investments||{666,957)|-|(666,957)|{201,454)|
|Netlossesoninvestments||-|-|-|(8,002)|
|Netexpenditure||(666,957}|-|{666,957)|(209,456)|
|Transfersbetweenfunds|17|10,734|{10,734)|-|-|
|Netmovementinfundsbeforeother||||||
|recognisedgains||(656,223)|(10,734)|{666,957}|(209,456)|
|Otherrecognisedgains:||||||
|Gainsonrevaluationoffixedassets||800,507|-|800,507|-|
|Netmovementinfunds||144,284|{10,734)|133,550|{209,456)|
|Reconciliationoffunds:||||||
|TotalfundsbroughtfonNard||1,641,672|25,976|1,667,648|1,877,104|
|Netmovementinfunds||144,284|{10,734)|133,550|(209,456)|
|Totalfundscarriedforward||1,785,956|15,242|1,801,198|1,667,648|
##
|Balancesheet
asat31August2021||||||
|---|---|---|---|---|---|
||||||Asrestated|
||||`2021`||`2020`|
||Note||£||£|
|Fixedassets||||||
|Tangibleassets|12||2,809,104||2,084,018|
||||2,809,104||2,084,018|
|Currentassets||||||
|`Stocks`|`13`|`500`||`1,136`||
|Debtors|14|110,340||194,592||
|Cashatbankandinhand||47,780||90,386||
|||158,620||286,114||
|Creditors:amountsfallingduewithinone
year|15|{809,979)||(308,912)||
|Netcurrentliabilities|||(651,359)||(22,798)|
|Totalassetslesscurrentliabilities|||2,157,745||2,061,220|
|Creditors:amountsfallingdueaftermore
thanoneyear|16||(356,547}||(393,572}|
|Netassetsexcludingpensionasset|||1,801,198||1,667,648|
|Totalnetassets|||1,801,198||1,667,648|
|Charityfunds||||||
|Restrictedfunds|17||15,242||25,976|
|Unrestrictedfunds|17||1,785,956||1,641,672|
|Totalfunds|||1,801,198||1,667,648|
|Statementofcashflows
fortheyearended31August2021|||
|---|---|---|
||`2021`|`2020`|
||£|£|
|Cashflowsfromoperatingactivities|||
|Netcashusedinoperatingactivities|(3,243)|(171,741)|
|Cashflowsfrominvestingactivities|||
|Dividends,interestsandrentsfrominvestments|765|1,257|
|Proceedsfromthesaleoftangiblefixedassets|-|1,408|
|Purchaseoftangiblefixedassets|{6,502)|(63,629)|
|Proceedsfromsaleofinvestments|-|47,219|
|Netcashusedininvestingactivities|(5,737}|(13,745)|
|Cashflowsfromfinancingactivities|||
|Repaymentsofborrowing|(21,495)|51,142|
|Interestpaid|(12,132)|(1Q,280)|
|Netcash(usedin)/providedbyfinancingactivities|(33,627)|40,862|
|ChangeincashandcashequivalentsintheYear|(42,607)|(144,624)|
|CashandcashequivalentsatthebeginningoftheYear|90,387|235,011|
|CashandcashequivalentsattheendoftheYear|47,780|90,387|
|Thenotesonpages20to41formpartofthesefinancialstatements|||
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||Unrestricted|Total|Total|
|---|---|---|---|
||`funds`|`funds`|`funds`|
||`2021`|`2021`|`2020`|
||£|£|£|
|Donations|20|20|6,686|
|Total2020|..:.|..:.||
##
||Unrestricted|Total|Total|
|---|---|---|---|
||`funds`|`funds`|`funds`|
||`2021`|`2021`|`2020`|
||£|£|£|
|Feeincomereceivable|1,443,307|1,443,307|1,583,736|
|Total2020|1,583,736|1,583,736||
##
||Unrestricted|Total|Total|
|---|---|---|---|
||funds|`funds`|`funds`|
||`2021`|`2021`|`2020`|
|||£|£|
|InterestonUKbankdeposits|765|765|1,257|
|Total2020|1,257|1,257||
##
||Unrestricted|Total|Total|
|---|---|---|---|
||`funds`|`funds`|`funds`|
||`2021`|`2021`|`2020`|
||£|£|£|
|Facilitylettingfees|1,296|1,296|2,724|
|Rentreceivable|8,858|8,858|8,858|
|Otherincomingresources|29,231|29,231|78,982|
|Insurancesettlement|148,450|148,450|60,Q00|
|Governmentgrantincome|28,667|28,667|119,799|
|Uniformincome|-|-|1,438|
|Tota12021|216,502|216,502|271,797|
|Tota12020|271,797|271,797||
##
##
||Unrestricted|Total|Total|
|---|---|---|---|
||`funds`|`funds`|`funds`|
||`2021`|`2021`|`2020`|
||£|£|£|
|Charitableactivities|2,327,551|2,327,551|2,064,930|
|Total2020|2,064,930|2,064,930||
##
||Activities||||
|---|---|---|---|---|
||undertaken|Support|Total|Total|
||directly|costs|funds|funds|
||`2021`|`2021`|`2021`|`2020`|
||£|£|£|£|
|Charitableactivities|825,375|1,502,176|2,327,551|2,064,930|
|Tota1202Q|990,570|1,074,360|2,064,930||
##
##
||Charitable|Total|Total|
|---|---|---|---|
||activities|funds|funds|
||`2Q21`|`2Q21`|`2020`|
|Teachingstaffsalaries|813,612|813,612|974,128|
|Books,printingandstationery|11,763|11,763|16,442|
|Total2021|$25,375|825,375|990,570|
|Total2020|990,570|990,570||
##
##
##
||Charitable|Total|Total|
|---|---|---|---|
||activities|funds|funds|
||`2021`|`2021`|`2020`|
||£|£|£|
|Matron,domesticandgroundsstaffsalaries|114,799|114,799|115,655|
|Administrationstaffsalaries|194,565|194,565|201,184|
|Rentandrates|95,434|95,434|80,679|
|Insurance|26,700|26,700|26,378|
|Lightandheat|35,384|35,384|35,813|
|Groundsandplayingfield|45,426|45,426|75,155|
|Amortisationanddepreciation|80,019|80,019|79,455|
|(Profit)/lossonsaleoffixedassets|-|-|(960)|
|Repairsandmaintenance|18,213|18,213|29,549|
|Bankcharges|4,114|4,114|5,446|
|Auditandaccountancy|14,196|14,196|11,500|
|Advertising|12,748|12,748|24,428|
|Telephoneandpostage|7,580|7,580|10,144|
|Subscriptions|8,646|8,646|8,321|
|Transportandtravel|1,515|1,515|8,690|
|Staffrecruitment,trainingandwelfare|8,265|8,265|10,593|
|Legalandprofessional|625,045|625,045|62,261|
|Computercosts|16,813|16,813|19,045|
|Security|4,656|4,656|12,593|
|Music,sportandmisc|2,581|2,581|21,253|
|Inspections|2,213|2,213|3,782|
|Contractcleaning|1,956|1,956|1,194|
|Householdandmedical|9,891|9,891|10,570|
|Contractcatering|135,647|135,647|174,538|
|Badanddoubtfuldebts|4,991|4,991|35,125|
|Bankloaninterest|10,616|10,616|10,280|
|Establishmentexpenses|20,163|20,163|1,689|
|Total2021|1,502,176|1,502,176|1,074,360|
|Total2020|1,074,360|1,474,360||
##
##
##
||`2021`|`2020`|
|---|---|---|
||£|£|
|Feespayabletothecharity'sauditorfortheauditofthecharity'sannual|||
|accounts|6,000|5,500|
|Feespayabletothecharity'sauditorinrespectof:|||
|Allnon-auditservicesnotincludedabove|3,000|6,000|
##
||`2021`|`2020`|
|---|---|---|
||£|£|
|Wagesandsalaries|929,941|1,027,969|
|Socialsecuritycosts|80,571|98,451|
|Pensioncosts|93,580|126,755|
||1,104,092|1,253,175|
##
##
||`2021`|`2020`|
|---|---|---|
||No.|No.|
|Teachers-fulltime|19|18|
|Teachers-parttime|7|6|
|Matrons|2|2|
|Domestics-parttime|4|5|
|Groundsandmaintenance|2|2|
|Administration-fulltime|4|3|
|Administration-parttime|2|3|
||`40`|`39`|
|Thenumberofemployeeswhoseemployeebenefits(excludingemploy
£60,000was:|erpensioncosts)excee|ded|
|---|---|---|
||`2021`|`2020`|
||No.|Na.|
|Intheband£70,001-£80,000|1|1|
|Employeesbenefitsinkindtotalled£1,768(2020:£1,179).|||
##
|||Motor||
|---|---|---|---|
||Freehold|vehiclesand||
||property|equipment|Total|
||£|£|£|
|Castorvaluation||||
|At1September2020|2,030,767|489,904|2,520,671|
|Additions|3,645|2,857|6,542|
|Revaluations|735,588|-|735,588|
|At31August2021|2,770,000|492,761|3,262,761|
|Depreciation||||
|At1September2020|-|436,653|436,653|
|ChargefortheYear|64,919|17,004|81,923|
|Onrevaluedassets|(64,919)|
-|(64,919)|
|At31August2021|-|453,657|453,657|
|Netbookvalue||||
|At31August2021|2,770,000|39,104|2,809,104|
|At31August2020(asrestated)|2,Q30,767|53,251|2,084,018|
##
##
##
|Debtors|||
|---|---|---|
||`2021`|`2020`|
||£|£|
|Duewithinoneyear.|||
|Tradedebtors|75,175|111,581|
|Otherdebtors|900|16,627|
|Prepaymentsandaccruedincome|34,265|66,384|
||110,340|194,592|
##
||`2021`|`2020`|
|---|---|---|
||£|£|
|Bankloans|32,071|23,526|
|Tradecreditors|410,974|31,679|
|Obligationsunderfinanceleaseandhirepurchasecontracts|4,829|4,608|
|Othercreditors|75,183|79,168|
|Accrualsanddeferredincome|286,922|169,931|
||809,979|308,912|
|£249,511includedwithintradecreditorsissecuredovertheprop|erty55-56WestStreet.||
|---|---|---|
|||`2Q20`|
||£|£|
|Deferredincome|||
|Deferredincomeat1September2020|144,687|162,357|
|Amountsreleasedtoincome|(144,687)|139,314|
|Movementindepositsandfeespaidinadvance|253,409|(156,984)|
|Deferredincomeat31August2021|253,409|144,687|
##
||`2021`|`2020`|
|---|---|---|
|Bankloans|350,834|382,390|
|Netobligationsunderfinanceleaseandhirepurchasecontracts|5,713|11,182|
||356,547|393,572|
||`2021`|`2020`|
|---|---|---|
||£|£|
|Netobligationsunderfinanceleaseandhirepurchasecontracts|-|7,035|
|||7,035|
**The Prebendal School (A company limited by guarantee)**
## **Notes to the financial statements for the year ended 31 August 2021**
## **17. Statement of funds**
## **Statement of funds - current Year**
|**Unrestricted**
**funds**
Accumulated
fund
Revaluation
reserve
**Restricted**
**funds**
Prize Fund
Scholarship
Fund (Tanner
Trust)
Ernest and
David Myers
Award Fund
**Total of funds**|**Balance at 1**
**September**
**2020 (as**
**restated)**
**£**
**684,528**
**957,144**
**1,641,672**
**6,691**
**2,658**
**16,627**
**25,976**
**1,667,648**|**Income**
**£**
**1,660,594**
**-**
**1,660,594**
**-**
**-**
**-**
**-**
**1,660,594**|**Expenditure**
**£**
**(2,327,551)**
**-**
**(2,327,551)**
**-**
**-**
**-**
**-**
**(2,327,551)**|**Transfers**
**in/out**
**£**
**10,734**
**-**
**10,734**
**-**
**-**
**(10,734)**
**(10,734)**
**-**|**Gains/**
**(Losses)**
**£**
**-**
**800,507**
**800,507**
**-**
**-**
**-**
**-**
**800,507**|**Balance at**
**31 August**
**2021**
**£**
**28,305**
**1,757,651**|
|---|---|---|---|---|---|---|
|||||||**1,785,956**|
|||||||**6,691**
**2,658**
**5,893**|
|||||||**15,242**|
|||||||**1,801,198**|
The Prize Fund is to fund the award of small annual prizes to outstanding pupils. The balance of this fund is held separately in two bank accounts.
The Scholarship Fund (Tanner Trust) is to assist in the payment of fees by families of limited means or in time of hardship.
The Ernest and David Myers award fund is monies received in order to fund a Chorister bursary.
The Accumulated Fund represents those funds which are unrestricted.
Page 35
##
##
||Balanceat||||||Balanceat|
|---|---|---|---|---|---|---|---|
||1September||||||31August|
||2019(as|||Transfers||Gains/|2020(as|
||restated)|Income|Expenditure|in/out||(Losses)|restated)|
|||£|£||£|£|£|
|Unrestricted||||||||
|funds||||||||
|Accumulated||||||||
|`fund`|883,674|1,863,476|(2,064,930)|10,310||(8,002)|684,52$|
|Revaluation||||||||
|reserve|957,144|-|-|-||-|957,144|
||1,840,818|1,863,476|(2,064,930)|10,310||{8,002)|1,641,672|
|Restricted||||||||
|funds||||||||
|PrizeFund|6,691|-|-|-||-|6,691|
|Scholarship||||||||
|`Fund(Tanner`||||||||
|Trust)|2,658|-|-|-||-|2,658|
|Ernestand||||||||
|DavidMyers||||||||
|AwardFund|26,937|-|-|(10,31|Q)|-|16,627|
||36,286|-|-|(10,310}||-|25,976|
|Totaloffunds|1,877,104|1,863,476|(2,064,930)|-||{8,002)|1,667,648|
##
##
##
##
|Analysisofnetassetsbetweenfunds-curren|tyear|||
|---|---|---|---|
||Unrestricted|Restricted|Tatal|
||`funds`|`funds`|`funds`|
||`2021`|`2021`|`2021`|
||£|£|£|
|Tangiblefixedassets|2,809,104|-|2,809,104|
|Currentassets|143,378|15,242|158,620|
|Creditorsduewithinoneyear|(809,979)|-|(809,979)|
|Creditorsdueinmorethanoneyear|(356,547}|-|(356,547}|
|Ttal|1,785,956|15,242|1,801,198|
##
##
|Analysisofnetassetsbetweenfunds-priorye|ar|||
|---|---|---|---|
||Unrestricted|||
||funds(as|Restricted|Total|
||restated}|funds|funds|
||`2020`|`2020`|`2020`|
||£|£|£|
|Tangiblefixedassets|2,084,018|-|2,084,018|
|Currentassets|260,138|25,976|286,114|
|Creditorsduewithinoneyear|(308,912}|-|(348,912)|
|Creditorsdueinmorethanoneyear|(393,572)|-|(393,572)|
||1,641,672|25,976|1,667,648|
##
##
||||`2021`|
`2020`|
|---|---|---|---|---|
||||£|£|
||Netexpenditurefortheyear(asperStatementofFinancialActivities)||(666,957)|
(209,456)|
||Adjustmentsfor:||||
||Depreciationcharges||81,923|75,994|
||Gainsoninvestments||-|8,002|
||Dividends,interestsandrentsfrominvestments||{765)|
{374)|
||Decreasel(increase)instocks||636|(1,032)|
||Decrease/(increase)indebtors||84,252|(2,210)|
||Increase/(decrease)increditors||487,052|(52,945)|
||Interestpayable||12,132|10,280|
||Netcashusedinoperatingactivities||(1,727)|
{171,741)|
|20.|Analysisofcashandcashequivalents||||
||||`2021`|
`2020`|
||||£|£|
||Cashinhand||47,780|90,387|
||Totalcashandcashequivalents||47,780|90,387|
|21.|Analysisofchangesinnetdebt||||
|||At1|||
|||September||At31|
|||2Q20|Cashflows|August2021|
|||£|£|£|
||Cashatbankandinhand|90,386|{42,606)|
47,780|
||Debtduewithin1year|(23,526)|(8,545)|
{32,071)|
||Qebtdueafter1year|(382,390)|31,556|{350,834)|
||Financeleases|(15,790)|5,248|(10,542)|
|||{331,320)|(14,347}|
(345,667)|
##
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##
||`2021`|`2020`|
|---|---|---|
||£|£|
|Notlaterthan1year|52,679|53,992|
|Laterthan1yearandnotlaterthan5years|100,774|148,453|
|Laterthan5years|-|5,000|
||153,453|207,445|
##
##
##