2021-08-31-accounts - Silcoates School

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								Page
Reference	and Administrative		Details ofthe Charity,		its Governors	and	Advisers	1-2
Governors'	Report							3-15
Governors'	Responsibilities		Statement
Independent	Auditors'	Report on the Financial		Statements				17-20
Statement	of Financial	Activities (Incorporating		Income and Expenditure			Account)	21
Balance Sheet								22
Statement ofCash Flows								23
Notes to the Financial		Statements						24 - 39

			FOR THE YEA	R ENDED 31A	UGUST 2021
			Unrestricted	Restricted	Endowment	Total	Total
			funds	funds	funds	funds	funds
			2021	2021	2021	2021	2020
		Note	f000	6000	f000	f000	f000
Income and
endowments	from:
Donations and
legacies			3			3	5
Charitable activities			5,577			5,577	6,164
Total income	and
endowments			5,580			5,580	6,169
Expenditure on:
Charitable activities			5,462			5,462	6,195
Other expenditure			86			86	95
Total expenditure			5,548			5,548	6,290
Net movement	in
funds before	other
recognised gains			32			32	(121)
Other recognised
gains:
Gains on revaluation
offixed assets			3,815			3,815
Net movement	in
funds			3,847			3,847	(121)
Reconciliation	of
funds:
Total funds brought
forward			2,690	32	629	3,351	3,472
Net movement	in
funds			3,847			3,847	(121)
Total funds carried
forward			6,537	32	629	7,198	3,351

			BALANCE SHEET	BALANCE SHEET
			AS AT 31AUGUST 2021
					2021		2020
			Note		6000		6000
Fixed assets
Tangible assets					10,685		7,001
					10,685		7,001
Current assets
Stocks				10		5
Debtors			10	1,562		1,564
Cash at bank and	in hand			35		76
				1,607		1,645
Creditors: amounts	falling due within one
year				(3,024)		(3,666)
Net current liabilities					(1,417)		(2,021)
Total assets less	current liabilities				9,268		4,980
Creditors: amounts	falling due after more
than one year			12		(2,070)		(1,629)
Net assets excluding		pension asset			7,198		3,351
Total net assets					7,198		3,351
Charity funds
Endowment funds			14		629		629
Restricted funds			14		32		32
Unrestricted funds
General funds			14	2,722		2,582
Revaluation reserve				3,815		108
Total unrestricted	funds		14		6,537		2,690
Total funds					7,198		3,351

		FOR	THE	YEAR END	ED 31 AUGUST	2021
							2021	2020
						Note	EOOO	f000
Cash flows from operating		activities
Net cash used in operating	activities					16	297	270
Cash flows from investing		activities
Interest paid							(86)	(95)
Purchase oftangible fixed assets							(252)	(78)
Net cash used in investing		activities					(338)	(173)
Cash flows from financing		activities
Cash inflows from new borrowing							2,160
Repayments of borrowing							(1,468)	(198)
Net cash provided by/(used		in) financing		activities			692	(198)
Change in cash and cash	equivalents		in	the year			651	(101)
Cash and cash equivalents	at the beginning			ofthe year			(1,068)	(967)
Cash and cash equivalents		at the end of		the year		17	(417)	(1,068)
The notes on pages 24 to 39		form part ofthese financial			statements

								Unrestricted	Total	Total
								funds	funds	funds
								2021	2021	2020
								5000	6000	EOOO
	Donations
	Total2020
4.	Income from charitable				activities
								Unrestricted	Total	Total
								funds	funds	funds
								2021	2021	2020
								6000	EOOO	FOOO
	Educational	charitable		activities				5,481	5,481	5,679
	Coronavirus	Job Retention				Scheme grants		96	96	485
								5,577	5,577	6,164
	Total 2020							6,164	6,164
	School fee	income
									2021	2020
									EOOO	6000
	Gross fees								5,945	6,120
	Less: total bursaries,			grants		and allowances			(565)	(545)
									5,380	5,575
	Other educational		charitable				acitivities
									2021	2020
									8000	EOOO
	Courses								71	68
									71	68

Other ancillary activities
	2021	2020
	FOOO	6000
Lettings and other income	30	32
Other income		4
	30	36

			Direct	Support	Total	Total
			costs	costs	funds	funds
			2021	2021	2021	2020
			6000	f000	EOOO	EOOO
Educational	charitable	activities	3,030	2,432	5,462	6,195
Total 2020			3,439	2,756	6,195

		Total	Total
		funds	funds
		2021	2020
		6000	EOOO
Staff costs		2,688	3,141
Educational	supplies	342	298
Total2021		3,030	3,439

		Total	Total
		funds	funds
		2021	2020
		FOOO	f000
Staff costs		1,374	1,585
Depreciation		383	399
Premises		350	341
Technology	costs	302	411
Professional	fees and Governance	23	20
Total 2021		2,432	2,756

					Unrestricted	Total	Total
					funds	funds	funds
					2021	2021	2020
					6000	6000	6000
Bank interest		payable			86	86	95
Total 2020					95	95
Net income/(Expenditure)
This is stated		after charging:
						2021	2020
						6000	6000
Depreciation		oftangible	fixed assets			383	399
Auditors'	remuneration		- audit			11	11
Auditors'	remuneration		- non-audit	services		6	6
Operating	lease rentals					13	11
						413	427

	2021	2020
	EOOO	EOOO
Wages and salaries	3,391	3,749
Social secunty costs	320	346
Other pension costs	351	631
	4,062	4,726

				2021	2020
				No.	No.
Teaching				62	69
Administration		and	support staff	28	35
Premises,	catering		and porters	30	30
				120

					2021	2020
					No.	No.
In	the	band	E60,001	- E70,000
In	the	band	E70,001	- E80,000	2
In	the	band	E80,001	- E90,000	1
In	the	band	F90,001	-E100,000	1

	Freehold	Fixtures and
	property	fittings	Total
	EOOO	6000	EOOO
Cost or valuation
At 1 September 2020	9,481	2,884	12,365
Additions		252	252
Revaluations	479		479
At 31 August 2021	9,960	3,136	13,096
Depreciation
At 1 September 2020	3,120	2,244	5,364
Charge for the year	216	167	383
On revalued assets	(3,336)		(3,336)
At 31August 2021		2,411	2,411
Net book value
At 31 August 2021	9,960	725	10,685
At 31 August 2020	6,361	640	7,001

		2021	2020
		6000	6000
At cost		9,361	9,361
Revaluation	in 2014	120	120
Revaluation	in 2021	479
		9,960	9,481

		2021	2020
		EOOO	FOOO
Cost		9,960	9,361
Accumulated	depreciation		(3,106)
Net book value		9,960	6,255

				2021	2020
				6000	FOOO
Trade debtors				1,455	1,398
Other debtors				17	103
Prepayments	and accrued income			90	63
				1,562	1,564
Creditors: Amounts		falling due within one year
				2021	2020
				f000	6000
Loans and overdrafts				691	1,207
Pension creditor				41	73
Trade creditors				148	72
Advance fees	scheme			21	20
Other taxation	and social security			82	265
Obligations under finance lease and hire purchase			contracts	10	2
Other creditors				82	153
Accruals and	deferred	income		1,949	1,874
				3,024	3,666

Deferred	income
Deferred	income at 1 September		2020	1,832	2,038
Resources deferred		during the year		1,902	1,832
Amounts	released	from previous	periods	(1,832)	(2,038)
				1,902	1,832

	2021	2020
	FOOO	EOOO
Bank loans	1,921	1,489
HP liabilities and finance leases	41
Enrolment deposits	108	108
Advance fees scheme		22
Other creditors		10
	2,070	1,629

			2021	2020
			EOOO	8000
Within	1	year	21	20
Within	1	to 2 years		22
Total			21	42

			2021	2020
			6000	6000
Hire	purchase & 1 yr		10
Hire	purchase 1-2yrs		10
Hire	purchase 2-5 yrs		31
Bank	loans	& 1 yr	239	63
Bank	loans	1-2yrs	239	250
Bank	loans	2-5 yrs	1,682	750
Bank	loans	& 5 yrs		489
Bank	overdraft		452	1,144
			2,663	2,698

The aggregate	The aggregate	amount	amount	of liabilities	wholly or in part more than five years after the	wholly or in part more than five years after the
reporting	date	is:
					2021	2020
					6000	6000
Payable	or repayable		by	installments		489
						489

	Balance at 1					Balance at
	September			Transfers	Gains/	31 August
	2020	Income	Expenditure	in/out	(I oases)	2021
	f000	6000	6000	6000	6000	6000
Unrestricted
funds
General
Reserve	2,582	5,580	(5,548)	108		2,722
Revaluation
reserve	108			(108)	3,815	3,815
	2,690	5,580	(5,548)		3,815	6,537
Endowment
funds
Capital	602					602
Special funds	27					27
	629					629
Restricted
funds
John France
fund	32					32
Total offunds	3,351	5,580	(5,548)		3,815	7,198

		Balance at				Balance at
		1 September			Transfers	31 August
		2019	Income	Expenditure	in/out	2020
		FOOO	FOOO	6000	EOOO	EOOO
Unrestricted	funds
General Reserve		2,701	6,169	(6,290)	2	2582
Revaluation	reserve	110			(2)	108
		2,811	6,169	(6,290)		2,690
Endowment	funds
Capital		602				602
Special funds		27				27
		629				629
Restricted funds
John France	fund	32				32
Total offunds		3,472	6,169	(6,290)		3,351

Analysis	of n	et assets between funds -	current year
			Unrestricted	Restricted	Endowment	Total
			funds	funds	funds	funds
			2021	2021	2021	2021
			6000	f000	6000	FOOO
Tangible	fixed	assets	10,083		602	10,685
Current	assets		1,548	32	27	1,607
Creditors	due	within one year	(3,024)			(3,024)
Creditors	due	in more than one year	(2,070)			(2,070)
Total			6,537	32	629	7,198

Analysis	of n	et assets between funds -	prior year
			Unrestricted	Restricted	Endowment	Total
			funds	funds	funds	funds
			2020	2020	2020	2020
			6000	6000	6000	6000
Tangible	fixed	assets	6,399		602	7,001
Current	assets		1,586	32	27	1,645
Creditors	due	within one year	(3,666)			(3,666)
Creditors	due	in more than one year	(1,629)			(1,629)
Total			2,690	32	629	3,351

16.	Reconciliation ofnet movement	Reconciliation ofnet movement	Reconciliation ofnet movement	Reconciliation ofnet movement	in funds to	in funds to	net	cash flow	from	operating	activities
											2021	2020
											EOOO	f000
	Net income/expenditure		for	the	year	(as	per	Statement	of	Financial
	Activities)										32	(121)
	Adjustments	for:
	Depreciation	charges									383	399
	Bank interest	paid									86	95
	Decrease/(increase) in stocks										(5)
	Decrease in	debtors									2	29
	Decrease in	creditors									(201)	(132)
	Net cash provided by operating				activities						297	270
17.	Analysis of	cash and cash equivalents
											2021	2020
											f000	6000
	Cash in hand										35	76
	Overdraft facility repayable		on	demand							(452)	(1,144)
	Total cash and cash equivalents										(417)	(1,068)

					At 1
					September		At 31 August
					2020	Cash flows	2021
					6000	FOOO	FOOO
	Cash at bank and in hand				76	(41)	35
	Bank overdrafts		and loans		(1,207)	516	(691)
	Debt due within		1 year		(20)	(1)	(21)
	Debt due	after 1 year			(1,489)	(432)	(1,921)
	Finance leases				(2)	(49)	(51)
					(2,642)	(7)	(2,649)
19.	Capital commitments
						2021	2020
						6000	FOOO
	Contracted	for but not provided		in these financial statements		72

			2021	2020
			EOOO	FOOO
Not later than		1 year	34	7
Later than	1 year and not later than 5years		72	17
			106	24