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