2021-08-31-accounts

Trustees			W Telford, Chairman	W Telford, Chairman
			J Brooks
			LA Harvey
			SA Ogden
			A Clarke
			J M Light
			H Moore (appointed		1 September 2020)
			. S Bonell (appointed		24 March 2021)
			FJ O'Halloran	(resigned 31 August 2021)
Company	registered
number			09561129
Charity registered
number			1163491
Registered		offic	140 High Street '
			Lewes
			East Sussex
			BN7 1XS
Company	secretary		T E Laker
Headmaster			R I Blewitt
Independent		auditors	Knill James LLP
			Statutory Auditor
			One Bell Lane
			Lewes
			East Sussex
			BN7 1JU
Bankers			Lloyds Banking	Group
			82 High Street
			Lewes
			East Sussex'
Solicitors			Mayo Wynne Baxter
			3 Bell Lane
			Lewes
			East Sussex
			BN7 1JU

				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
				2021	2021	2021	2020
			Note			R
Income from:,
Donations and legacies				31,155	34,048	65,203	241,817
Charitable activities				7,406,748		7,406,748	6,951,016
Investments				1,815		1,815	11,175
Total income				7,439,718	34,048	7,473,766	7,204,008
Expenditure on:
Charitable activities				6,946,474	10,989	6,957,463	6,931,425
Total expenditure				6,946,474	10,989	6,957,463	6,931,425
Net Income				493,244	23,059	516,303	272,.583
Transfers between	funds		18	32,974	(32,974)
Net movement in funds				526,218	(9,915)	516,303	272,583
Reconciliation of	funds:
Total funds brought		fotward		4,887,356	43,346	4,930,702	4,658,119
Net movement in funds				526,218	(9,915)	516,303	272,583
Total funds carried		forward		5,413,574	33,431	5,447,005	4,930,702

						2021		2020
				Note
Fixed assets
Intangible assets				10		12,575		12,575
Tangible assets				11		11,071,388		10,992,397
						11,083,963		11,004,972
Current assets
Stocks				12	2,758		2,103
Debtors				13	2,155,223		2,232,493
Cash at bank and in hand					2,800,415		1,679,847
					4,958,396		3,914,443
Creditors: amounts '	falling		due within one
year				14	(3,729,167)		(3,598,527)
Net current assets						1,229,229		315,916
Total assets less current			liabilities			12,313„192		11,320,888
Creditors: amounts	falling		due after more
than one year				15		(6,866,187)		(6,390,186)
Net assets excluding		pension asset				5,447,005		4,930,702
Total net assets						5,447,005		4,930,702
Charity funds
Restricted funds						33,431		43,346
Unrestricted funds						5,413,574		4,887,356
Total funds						5,447,005		4,930,702

		STATEMENT OF CASH FLOWS	STATEMENT OF CASH FLOWS
	FOR	THE	YEAR ENDED 31AUGUST 2021
				2021	2020
Cash flows from operating	activities
Net cash used in operating	activities			1,978,867	948,332
Cash flows from investing	activities
Dividends, interests and rents from investments				1,815	11,175
Purchase oftangible fixed assets				(480,372)	(568,618)
Net cash used in investing	activities			(478,557)	(557,443)
Cash flows from financing	actlvltiles
Loan movement				(185,298)	(164,042)
Interest payable				(194,444)	(196,811)
Net cash used in financing	activities			(379,742)	(360,853)
Change In cash and cash	equivalents	In the year		1,120,568	30,036
Cash and cash eq'uivalents	at the beginning		ofthe year	1,679,847	1,649,811
Cash and cash equivalents	at the end ofthe year			2,800,415,	1,679,847
The notes on pages 25 to 43form part		of these financial statements

Freehold	property		- 2% on cost
Freehold	Land		- Freehold land	is not	depreciated
Short-term	leasehold	property	- 20%/16.66%	straight	line
Motor vehicles			- 25% reducing	balance
Fixtures and fittings			- 16.66%/5% straight		line
Computer	equipment		- 33%straight	line

		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2021	2021	2021	2020
Other donations		964	34,048	35,012	44,749
Government	grants	30,191		30,191	197,068
		31,155	34,048	65,203	241,817
Total 2020		199,548	42,269	241,817

		Unrestricted	Total	Total
		funds	funds	funds
		2021	2021	2020
Fee income
Fees receivable		9,383,447	9,383,447	8,883,627
Less: Bursaries, scholarships	and awards	(2,171,591)	(2,171,591)	(2,255,223)
		7,211,856	7,211,856	6,628,404
Ancillary Income
School trips and activities income		9,601	9,601	141,574
Catering income		185,291	185,291	181,038
		7,406,748	7,406,748	6,951,016
Total 2020		6,951,016	6,951,016

					Unrestricted	Total	Total
					funds	funds	funds
					2021	2021	2020
					f.
Investment	income	-	local	cash	1,815	1,815	11,175

							Total	Total
				Staff costs	Depreciation	Other costs	funds	funds
				2021	2021	2021	2021f	2020
Teaching	'			3,839,913		307,890	4,147,803	4,132,306
Welfare				134,858	23,319	549,491	707,668	597,254
Premises				237,047	316,484	579,521	1,133,052	1,133,419
Support				458,589	53,798	404,516	916,903	1,020,625
Charitable		activities		4,670,407	393,601	1,841,418	6,905,426	6,883,604
Expenditure'		on governance		29,509		22,528	52,037	47,821
				4,699,916	393,601	1,863,946	6,957,463	6,931,425
Total 2020				4,455,815	416,357	2,059,253	6,931,425
Auditors'	remuneration
							2021	2020
Fees payable to the company's			auditor for the		audit ofthe company's
annual accounts (inclusive ofvat)							12,300	11,700
Fees payable to the company's			auditor in respect of:
All non-audit		services not included		above				1,260

				2021	2020
Wages and	salaries			4,070,315	3,885,276
Social security costs .				371,365	355,510
Contribution	to defined	contribution	pension schemes	258,236	215,029
				4,699,916	4,455,815

	2021	2020
	No.	No.
Teachers	105	103
Finance	5	4
Maintenance	10.	10
Administration	7	7
Ca'tering	8	6
IT	3	2
	138	132

				2021	2020
				No.	No.
In	the	band	f60,001 -P70,000	3	2
In	the	band	670,001 - F80,000	1	1
In	the	band	290,001 - f100,000	1	1
In	the	band	E160,001 - f.170,000	1	1

		Short-term
	Freehold	leasehold	Motor	Fixtures and
	property	property	vehicles	fittingsf	Total
Cost orvaluation
At 1 September 2020	11,694,462	35,'I74	124,396	2,899,638	14,753,670
Additions	186,607			293,765	480,372
Disposais	(7,207)	(35,174)		(1,220)	(43,601)
At 31August 2021	11,873,862		124,396	3,192,183	15,190,441
Depreciation
At 1 September 2020	1,543,757	35,174	74,297	2,108,045	3,761,273
Charge for the year	156,177		12,525	224,899	393,601
On disposais		(35,174)		(647)	(35,821)
At 31August 2021	1,699,934		86,822	2,332,297	4,119,053
Net book value
At 31 August 2021	10,173,928		37,574	859,886	11,071,388
At 31August 2020	10,150,705		50,099	791,593	10,992,397

		2021	2020
Due within one year,
Trade debtors	'	1,960,744	1,873,293
Other debtors		43,455	133,594
Prepayments	and accrued income	151,024	225,606
		2,155,223	2,232,493,

			2021		2020
Bank loans			198,053		191,274
Fees received	in advance		523,464		405,904
Trade creditors			136,283		97,018
Other taxation	and social security		94,580		276,984
Other creditors			87,401	.	85,169
Accruals and deferred		income	2,689,386		2,542,178
			3,729,167		3,598,527

			2021	2020
Bank loans			5,361,662	5,553,739
Fees received	in advance (see Note 17)		1,140,680	520,392
Retained deposits			363,845	316,055
			6,866,187 .	6,390,186
included within	the above are amounts	falling due as follows:
			2021	2020
Between one	and two years
Bank loans			'204,322	197,865
Between'two	and five years
Bank loans			653,31.0	644,856
Over five years
Bank loans			4,504,030	4,711,018

				2021	2020
Financial	assets
Financial	assets measured	at amortised	cost	2,004,199	2,006,887
				2021	2020
Financial	liabilities
Financial	liabilities measured	at amortised	cost	7,360,142	6,768,327

			2021		2020
Due after more than one year
Within	2to 5years		387,465.	'	251,841
Within	1 to 2years		753,215		268,551
			1,140,680		520,392
Within	1 year		523,464		405,904
			1,664,144		926,296
Summary ofmovement		In liability
			2021		2020
			R
Balance at 1 September		2019	926,296		1,018,004
New contracts			1,053,373		416,504
Amount	used to pay fees		(315,525)		(508,212)
			1,664,144		926,296

Statement offunds		-current	year
			Balance at 1					Balance at
			September			Transfers		31August
			2020f	Income	Expenditure	In/out		2021
Unrestricted funds
Designated funds
Morocco fund			7,970					7,970
General funds
School Reserves			4,879,386	7;439,718	(6,946,474)	32,974		5,405,604
Total Unrestricted	funds		4,887,356	7,439,718	(6,946,474)	32,974	'	5,413,574
Restricted funds
Richardson fund			12,262		(4,905)			7,357
Music 8 Drama fund			4,333	508				4,841
Sport fund			. 3,249	719				3,968
Design &Technology		fund	3,729	847				4,576
PTA fund				29,562	(6,084)	(22,091)		1,387
Fairview fund			8„334	912				9,246
Dowley fund			11,439			(10,883)		556
Cameron Moore Fund				1,500				1,500
			43,346	34„048	(10,989)	(32,974)		33,431
Total offunds			4,930,702	7,473,766	(6,957,463)			5,447,005

Statement offunds		- prior y	ear
			Balance at				Balance at
			1September			Transfers	31August
			2019	Income,	Expenditure	in/out	2020
Unrestricted funds
Designated funds
Morocco fund			7,970				7,970
General funds
School Reserves			4,613,153	7,161,739	(6,889,435)	(6,071)	4,879,386
Total Unrestricted	funds		4,621,123	7,161,739	(6,889,435)	(6,071)	4,887,356
Restricted funds
I
Richardson fund			19,621		(7,359)		12,262
Music & Drama fund			4,233	100			4,333
Sport fund			3,249				3,249
Design &Technology		fund	3,033,	696			3,729
PTA fund				13,165	(13,165)
Fairview fund			6,860	1,474			8,334
Dowley fund				26,834	(21,466)	6,071	11,439
			36,996	42,269	(41,990)	6,071	43,346
Total offunds			4,658,119	7,204,008	(6,931,425)		4,930,702

Summary	offun	ds - current ye	ar
			Balance at 1					Balance at
			September				Transfers	31August
			2020		Income	Expenditure	in/out	2021
				'
Designated	funds		7,970					7,970
General funds			4,879,386		7,439,718	(6,946,474)	32,974	5,405,604
Restricted	fundS		43,346		34,048	(10,989)	(32,974)	33,431
			4,930,702		7,473,766	(6,957,463)		5,447,005
Summary	offunds - prior year
			Balance at					Balance at
			1 September				Transfers	31August
			2019		Income	Expenditure	in/out	2020
Designated	funds		7,970					7,970
General funds			4,613,153		7,161,739	(6,889,435)	(6,071)	4,879,386
Restricted	funds	.	36,996		42,269	(41,990)	6,071	43,346
			4,658,119		7,204,008'	(6,931,425)		4,930,702

Analysis Analysis	ofnet assets between funds of net assets between funds - current	year
		Unrestricted	Restricted	Total
		funds	funds	funds
		2021	2021	2021	'
		R		R
Tangible	fixed assets	11,071,388		11,071,388
intangible	fixed assets	12,575		12,575
Current assets		4,924,965	33,431	4,958,396
Creditors	due within one year	(3,729,167)		(3,729,167)
Creditors	due in more than one year	(6,866,187)		(6,866,187)
Total		5,413,574	33,431	5,447,005,

Analysis	of net assets between funds - prior y	ear
		Unrestricted	Restricted	Total
		funds	funds	funds
		2020	2020	2020
Tangible	fixed assets	10,992,397		10,992,397
Intangible	fixed assets	12,575		12,575
Current assets		' 3,871,097	43,346	3,914,443
Creditors	due within one year	(3,598,527)		(3,598,527)
Creditors	due in more than one year	(6,390,186)		(6,390,186)
Ttl		4,887,356	43,346	4,930,702

					2021f	2020
Net income for the year (as per Statement			of Financial	Activities)	516,303	272,583
Adjustments for:
Depreciation charges					393,601	412,657
Dividends, interests	and rents from investments				(1,815)	(11,175)
Loss/(profit) on the	sale offixed	assets			7,780	(37,797)
Decrease/(increase)	in stocks				(655)	429
Decrease/(increase),	in debtors				77,270	(211,007)
Increase in creditors					791,939	325,831
Interest payable					194,444	196,811
Net cash provided	by operating	activities			1,978,867	948,332

			At 1		At 31
			September		August
			2020	Cash flowsf	2021
Cash	at bank and	in hand	1,679,847	1,120,568	2,800,415
Debt	due within 1	year	(191,274)	(6,779)	(198,053)
Debt	due after 1 year		(5,553,739)	192,077	(5,361,662)
			(4,065,166)	1,305,866	(2,759,300)

cancellable	o	perating leases as follows:
			2021	2020
			R
Not later than		1 year	83,992	86,512
Later than	1 year and not later than 5years		200,429	284,421
			284,421	370,933