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|CONTENTS|||Page|
|---|---|---|---|
|Trustees and|Advisers|||
|Trustees'
Report|||2-9|
|Statement of|Trustees'|Responsibilities|10|
|Independent|Auditors'|report|11 - 13|
|Statement of|financial|activities|14|
|Balance sheet|||15|
|Statement of|cash flows||16|
|Notes to the|financial|statements|17 - 24|
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|Key|2021|of which|2021|Key|2020|of which|2020|
|---|---|---|---|---|---|---|---|
|Stage|Pupils|Boarding|Boarders|Stage|Pupils|Boarding|Boarders|
|KS 1|3|Weekly|3|KS 1|1|Weekly|1|
|KS2|17|Termly|7|KS2|10|Termly|4|
|KS3|26|52 week|11|KS 3|22|52 week|11|
|KS4|14|||KS4|8|||
|KS5|19|||KS5|24|||
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|||||2021|2021|2021|2020|
|---|---|---|---|---|---|---|---|
|||||Children &|Adult|||
|||||Young|Supported|Total|Total|
|||||People|Living|||
|INCOME||||||||
|Fees received||||8,636,838|1,145,983|9,782,821|8,867,955|
|Grants and Bursaries||||736,923||736,923|768,875|
|Other income|received|||645,147|141,777|786,924|230,244|
|Total income||||10,018,908|1,287,760|11,306,668|9,867,074|
|EXPENDITURE||||||||
|Staff costs||||8,056,136|1,082,632|9,138,768|8,402,593|
|Premises costs||||715,399|12,234|727,633|554,520|
|Resource costs||||238,763|67|238,830|257,328|
|ICT Costs||||139,141|2,517|141,658|127,329|
|Professional|fees|||129,469|2,889|132,358|145,120|
|Other||||16,894||16,894|19,059|
|Total expenditure||||9,295,802|1,100,339|10,396,141|9,505,949|
|Operating
Surplus|||/ (Deficit)|723,106|187,421|910,527|361,125|
|Depreciation|expense|||472,757|15,040|487,797|415,360|
|Total Surplus||/ (Detlcit)||250,349|172,381|422,730|(54,235)|
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||||2021|2021|2021|2021|2020|
|---|---|---|---|---|---|---|---|
|||Note||5||||
||||Children &|Children &|Adult|||
||||Young|Young|Supported|Total|Total|
||||People|People|Living|||
||||Restricted|Unrestricted|Unrestricted|||
|INCOME||||||||
|Charitable
activities||||||||
|Fees||||8,636,838|1,145,983|9,782,821|8,867,955|
|Sundry income||||8,801|6,486|15,287|53,153|
|Voluntary
income||||||||
|Grants to meet expenditure||||736,923||736,923|768,875|
|Donations|||620,200|16,146||636,646|60,255|
|Other trading activities||||||||
|Rental income|||||135,291|135,291|116,836|
|Total income|||620,200|9,398,708|1,287,760|11,306,668|9,867,074|
|EXPENDITURE||||||||
|Raising funds||||(29,611)||(29,611)|(36,775)|
|Charitable
activities||||(9,738,948)|(1,115,379)|(10,854,327)|(9,884,534)|
|Total expenditure||||(9,768,559)|(1,115,379)|(10,883,938)|(9,921,309)|
|Net movement
in funds|||620,200|(369,851)|172,381|422,730|(54,235)|
|Fund balances brought|forward|||||||
|at I September 2020|||60,255|16,857,552|906,736|17,824,543|17,878,778|
|Fund balances carried|forward|||||||
|at 31August 2021|||680,455|16,487,701|1,079,117|18,247,273|17,824,543|
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||||2021||2020||
|---|---|---|---|---|---|---|
|||Notes|||||
|FIXEDASSETS|||||||
|Tangible fixed assets||||15,668,570||15,222,314|
|CURRENT ASSETS|||||||
|Debtors||6|983,852||2,143,253||
|Cash at bank and in hand|||2,952,489||1,447,259||
||||3,936,341||3,590,512||
|CREDITORS: Amounts|falling due within one year|7|(761,431)||(770,783)||
|NET CURRENT ASSSETS||||3,174,910||2,819,729|
|TOTAL ASSETSLESS|CURRENT LIABILITIES|||18,843,480||18,042,043|
|CREDITORS: Amounts|falling due after one year|||(596,207)||(217,500)|
|NET ASSETS||||18)247,243||17,824,543|
|FUNDS|||||||
|Children &Young People|||16,487,701||16,857,552||
|Adult Supported
Living|||1,079,117||906,736||
|Unrestricted
funds||||17,566,818||17,764,288|
|Restricted funds —Children &Young People||||680,455||60,255|
|TOTAL FUNDS||||18,247,273||17,824,543|
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||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
|||||||Notes|||
||Net cash provided
by operations|||||A|2,439,282|(143,671)|
||Cash flows from Investing
Activities||||||||
||Purchase offixed assets||||||(934,052)|(148,034)|
||Net cash (used in) investing
activities||||||(934,052)|(148,034)|
||Change in cash and cash equivalents|in the|reporting||period||1,505,230|(291,705)|
||Net cash and cash equivalents
at the beginning||of|period|||1,447,259|1,738,964|
||Net cash and cash equivalents
at end|ofperiod|||||2,952,489|1,447,259|
|A.|RECONCILIATION
OF NET MOVEMENT IN FUNDS|||||TO NET|||
||CASH PROVIDED BYOPERATIONS||||||||
||||||||2021|2020|
||Net movement
in funds||||||422,730|(54,235)|
||Depreciation||||||487,796|415,360|
||Decrease/(Increase)
in debtors||||||1,159,401|(755,616)|
||(Decrease)/increase
in creditors||||||369,355|250,820|
||Net cash provided by operations||||||2,439,282|(143,671)|
|B.|ANALYSIS OF CHANGES IN CASH||||||||
||AND CASH EQUIVALENTS||||At||Other|At|
|||||31-Aug-2020||Cash Flows|Changes|31-Aug-2021|
||Cash and cash equivalents|||1,447,259||1,505,230||2,952,489|
||Net cash provided
by operations|||1,447,259||1,505,667||2,952,489|
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|NET INCOME||2021|2020|
|---|---|---|---|
||||g|
|Net income is stated after charging||||
|Depreciation ofowned|tangible fixed assets|487,796|415,360|
|Auditors'
remuneration|—non audit services|3,500||
|Auditors'
remuneration|—audit services|22,000|22,400|
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|||2021|2021|2021|2021|2020|
|---|---|---|---|---|---|---|
|||Staff Costs|Other Costs|Depreciation|Total|Total|
||||g||||
|Raising funds||29,611|||29,611|36,775|
|Charitable|activities||||||
|Teaching||3,202,100|147,613||3,349,713|3,959,018|
|Welfare||3,493,425|222,942||3,716,367|3,344,311|
|Premises||555,673|160,435|487,796|1,203,905|1,431,647|
|Support|costs|1,826,825|726,383||2,553,208|1,115,372|
|Grants||31,135|||31,135|34,186|
|||9,138,769|1,257,373|487,796|10,883,938|9,921,309|
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|PARTICULARS O|FEM|PLO|YEES||||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||No.|No.|
|The average persons employed||by the|Trust||||
|during
the period was:|||||||
||||||271|274|
|Their total remuneration|wast||||||
|Wages and salaries|||||7,008,505|6,843,042|
|Social security costs|||||634,825|599,550|
|Other pension costs|||||856,635|548,361|
|Other staff costs|||||122,555|65,771|
||||||8,622,520|8,056,724|
|Agency staff|||||516,249|345,870|
||||||9,138,769|8,402,594|
|The number ofstaff with|emoluments||within|the|2021|2020|
|following
ranges were:|||||No.|No.|
|f70,001 - f80,000
f80,001 —f90,000|||||||
|f90,001 - 6100,000|||||||
|f100,001 - 2110,000|||||||
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||School|Springvale||
|---|---|---|---|
||Leasehold|Leasehold||
||premises|premises|Total|
||g||g|
|Cost||||
|Beginning ofperiod|15,301,034|752,000|16,053,034|
|Additions|896,415|37,637|934,052|
|End ofyear|16,197,449|789,637|16,987,086|
|Depreciation||||
|Beginning ofperiod|800,640|30,080|830,720|
|Charge for the period|472,756|15,040|487,796|
|End ofyear|1,273,396|45,120|1,318,516|
|Net BookValue||||
|As at 31 August 2021|14,924,053|744,517|15,668,570|
|As at 31 August 2020|14,500,394|721,920|15,222,314|
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|DEBTORS|||
|---|---|---|
||2021|2020|
|Fee debtors|932,229|1,952,810|
|Other debtors|51,623|190,443|
||983,852|2,143,253|
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|Amounts|falling due within|2021|2020|
|---|---|---|---|
|one year||K||
|Trade creditors||327,532|229,407|
|Accruals||71,600|92,585|
|Staff costs|provision|36,293|35,570|
|Payroll creditors||244,702|69,007|
|Other creditors||81,304|344,214|
|||761,431|770,783|
|Amounts|falling due after|2021|2020|
|one year||||
|Staffcosts|provision|596,207|217,500|
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|||||Brought|||Carried|
|---|---|---|---|---|---|---|---|
|||||forward at|||forward at|
|||||I September|Income|Expenditure|31August|
|||||2020|2021|2021|2021|
|Children|and|Young People||16,857,552|9,398,708|(9,768,559)|16,487,701|
|Adult Supported|||Living|906,736|1,287,760|(1,115,379)|1,079,117|
|Unrestricted||funds||17,764,288|10,686,468|(10,883,938)|17,556,818|
|Restricted|funds|||60,255|620,200||680,455|
|Total funds||||17,824,543|11,306,668|(10,883,938)|18,247,273|
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||||||Unrestricted|Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||||funds|funds|2021|2020|
|||||||2021|2021|||
||Tangible Fixed||Assets||14,988,115||680,455|15,668,570|15,222,314|
||Current assets|||||3,963,901||3,963,901|3,590,512|
||Current liabilities|||||(788,991)||(788,991)|(770,783)|
||Non-current
liabilities|||||(596,207)||(596,207)|(217,500)|
||||||17,566,818||680,455|18,247,273|17,824,543|
|.|FINANCIAL||INSTRUMENTS|||||||
|||||||||2021|2020|
|Financial assets that|||are debt|instruments|measured|at amortised|cost|1,011,412|2,143,253|
|Financial liabilities||measured||at amortised|cost|||1,385,198|988,283|
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