2020-12-31-accounts

				Unrestdicted	Unrestdicted
				General	Designated	Total
			Notes	Fund	Fund	2019
						6
INCOIylE
Donations and legacies					2,677	2,677
Charitable activities				2,245,982		2,245,982
Other trading income				22,644		22,644
Governments grants
Investment income				35,000		35,000
Total income				2,303,626	2,677	2,306,303
EXPENDITURE
Expenditure on charitable		activities
Teaching and nursery costs				1,686,895	7,300	1,694,195
Premises				240,114	6,036	246,150
Support costs				266,090		266,090
Governance costs				8,340		8,340
Total expenditure			8/9	2,201,439	13,336	2,214,775
Net gains on investment			15	25,000		25,000
Net income/(expenditure)	for	the year		127,187	(10,659)	116,528
Transfers between funds			20	(467,550)	467,550
Net movement in funds for the year				(340,363)	456,891	116,528
Total funds at 1 January 2019				1,547,324	16,743	1,564,067
Total funds at 31 December 2019			20	1,206,961	473,634	1,680,595

					2020	2019
				Notes	6	6
Cash flows provided by/(used		in) operating	activities	25	(81,849)	101,645
Cash flows from investing	activities
Investment income					47,250	35,000
Purchase oftangible assets					(43,873)	(20,840)
Disposal oftangible assets					(136)
Net cash provided by/(used		in) investing	activities		3,241	14,160
Cash flows from financing	activities
Repayment of bank borrowings					(16,297)	(15,514)
Loan interest paid					(3,982)	(5,261)
Cash used in financing activities					(20,279)	(20,775)
Net movement in cash and cash equivalents			in the year		(98,887)	95,030
Cash and cash equivalents	at	the beginning	ofthe year		779,880	684,850
Cash and cash equivalents	at the end of		the year		680,993	779,880

4	DONATIONS 8 LEGACIES	DONATIONS 8 LEGACIES	DONATIONS 8 LEGACIES			2020f	2019 f
	Donations					50	2,677
5	OTHER TRADING	INCOME				2020 f	2019 f
	Other income					224	22,304
	Costs recharged						340
						224	22,644
6	INVESTMENT INCOME					2020f	2019 f
	Rent receivable					47,250	35,000
7	INCOMING RESOURCES		FROM CHARITABLE	ACTIVITIES
				2020		2020	2019
	2020			Tutorial f	Childcare f	Total	Totalf
	Fees				1,467,431	1,467,431	2,245,982
	Less bursaries
					1,467,431	1,467,431	2,245,982
8	CHARITABLE ACTIVITIES		COSTS
				General	Fund	Designated
	2020			Tutorial f	Childcare f	Funds	Totalf
	Teaching/nursery	costs			1,410,890	192	1,411,082
	Premises				196,079	42,602	238,681
	Support costs				249,792		249,792
	Governance costs				7,005		7,005
					1,863,766	42,794	1,906,560
				General	Fund	Designated
	2019			Tutorial f	Childcare f	Fundsf	Total
	Teaching/nursery	costs			1,686,895	7,300	1,694,195
	Premises				240,114	6,036	246,150
	Support costs				266,090		266,090
	Governance costs				8,340		8,340
					2,201,439	13,336	2,214,775

The average	nu	mber	ofe	mployees in	the year	was	:
									2020	2019
									No.	No.
Teaching		and	child	welfare staff					57	60
Others									8	8
									65
The number	of	employees		whose emoluments		exceeded f60,000 during the year were:
660,000 —670,000									1
									2020	2019
									8	6
Aggregate	employee		costs ofthe senior management					team (including
salary, benefits,		pension		contributions	and national		insurance)		189,791	208,027

TANGIBLE FIXEDASSETS
	Freehold Land	Plant and
	&Buildings	machinery etc	Total
	6	6	6
Cost
At 1 January 2020	1,445,668	110,297	1,555,965
Additions	32,656	11,217	43,873
Disposals	(4,708)	(46,799)	(51,507)
At 31 December 2020	1,473,616	74,715	1,548,331
Depreciation
At 1 January 2020	784,398	92,934	877,332
Charge for the year	56,475	13,295	69,770
Eliminated on disposal	(4,708)	(46,935)	(51,643)
At 31 December 2020	836,165	59,294	895,459
Net Book Value
At 31 December 2020	637,451	15,421	652,872
At 31 December 2019	661,270	17,363	678,633

			2020	2019
Amounts	falling due in more than one year			8
Bank loan			139,113	156,267
LOAN CREDITOR
			2020	2019
The bank	loan is repayable	by instalments:		5
-due	after five years		67,859	87,528
-due	within two to five years		54,039	52,296
-due	within one to two years		17,215	16,443
-due	after more than	one year	139,113	156,267
-due	within one year		16,829	15,972
			155,942	172,239

MOVEMENT		IN FUN	DS
						Net	Transfers
2020					Balance	movement	between	Balance
					01/01/20	in funds	funds	31/12/20
Unrestricted		funds
General fund					765,531	(30,020)	167,148	902,659
Investment	Property		Revaluation		441,430	10,000		451,430
Total General		fund			1,206,961	(20,020)	167,148	1,354,089
Designated-		Maintenance		Fund	465,150	(42,602)	(169,548)	253,000
Designated-		Parental	Fundraising		2,237	(142)		2,095
Designated-		Bursary			6,247		2,400	8,647
					1,680,595	(62,764)		1,617,831

Net movemen	t in fund	s in	cluded in the abo	ve are as follows:
				Incoming	Resources	Revaluation	Movement
				resources	expended		in funds
Unrestricted	funds
General fund				1,833,746	(1,863,766)	10,000	(20,020)
Designated-	Maintenance		Fund		(42,602)		(42,602)
Designated-	Parental	Fundraising		50	(192)		(142)
Designated-	Bursary
				1,833,796	(1,906,560)	10,000	(62,764)

RECONCILIATION	O	F NET EX	PENDITURE	TO NET CASH FLOW F	ROM OPERATIONS
					2020	2019
					6	5
Net movement in funds					(62,764)	116,528
Depreciation charge					69,770	80,205
Gains on investments					(10,000)	(25,000)
Investment income					(47,250)	(35,000)
Interest payable Decrease/(increase)	in	debtors			3,982 7,208	5,261 (6,781)
(Decrease)/increase	in	creditors			(42,795)	(33,568)
Net cash flows provided		by/(used	in) operating	activities	(81,849)	101,645