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||**PAGE**|
|---|---|
|LegalandAdministrativeInformation|1|
|Trustees'Report|3|
|StatementofTrustees'Responsibilities|9|
|ReportoftheIndependentAuditors|10|
|StatementofFinancialActivities|12|
|BalanceSheet|13|
|CashFlowStatement|14|
|NotestotheFinancialStatements|15|





|**Trustees**|MarieJoanFulgoney(SisterMaryAndrew)|
|---|---|
||JoanForristal(SisterMaryPatrick)|
||MaryCatherineMurphy(SisterCatherine)|
||ZitaFogarty(SisterZita)|
|**Governors**|MrsNByfield(Chairman)|
||MrsMBenham-Hemetz|
||MrFGainsbury|
||MrNMills|
||MrPNavier|
||MrTRolph|
||MrsJStephenson|
||MrNThomas|
|**SeniorManagementTeam**||
|**Head**|MrsMSyred|
|**AssistantHeads**|MrKNewman|
||MrsDHepburn|
|**Bursar**|MrsLHopkins|
|**Charitynumber**|229394|
|**Principaladdress**|TheTowersConventSchool|
||UpperBeeding|
||Steyning|
||WestSussex|
||BN443TF|
|**Auditors**|TCGroup|
||TheCourtyard|
||ShorehamRoad|
||UpperBeeding|
||Steyning|
||WestSussex|
||BN443TN|
|**Bankers**|BarclaysBankPlc|
||139NorthStreet|
||Brighton|
||EastSussex|
||BN11RU|





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|HeadTeacher|MrsMSyred|
|---|---|
|SeniorManagementTeam|MrKNewman|
||MrsDHepburn|
|Bursar|MrsLHopkins|
|ClerktotheGovernors|MrsLCrick|





## 

|SisterMaryAndrewFulgoney*||TrusteeandGovernor,participatesinacademicstaff|
|---|---|---|
|||interviewpanels.|
|||Responsibility-Educationissues-RE/Worship/Liturgies|
|||/Chaplaincy|
|SisterMaryPatrickForristal*||GovernorandTrusteeresponsibleforPersonal,Health|
|||andSocialEducation,HealthandSafety/Welfare.Also|
|||offerspastoralsupporttostaff,parentsandpupils|
|SisterMaryCatherineMurphy*|-|Education-Pastoral/ModernLanguages|
|SisterMaryZitaFogarty*|-|Adviser|
|NikkiByfield||ChairofGoverningBody-HRandPersonnel/Education-|
|||Humanities/MarketingandParentalContact|
|NeilThomas||FoundationGovernor-Education-CreativeArts-|
|||GeographyandHistory|
|FrankGainsbury|-|Governor-PremisesandMaintenance|
|||Responsibilities/Health&Safety|
|MargaretBenham-Hermetz|-|Governor-Legalresponsbilities/SENCOGifted&|
|||TalentedPupils—Art/DT-FoodTechnology|
|JaneStephenson||Governor-Education-Literacy|
|||EYFS/JuniorSchool|
|MrNMills||ParentGovernor|
|TonyRolph||Maths/Finance|
|PhilipNavier||PTATreasurer/Science|





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||**Notes**|**Unrestricted**|**Restricted**|**Designated**|**Total**|**Total**|
|---|---|---|---|---|---|---|
|||**Funds**|**Funds**|**Funds**|**2020**|**2019**|
|||**£**|**£**|**£**|**£**|**£**|
|**INCOMEFROM:**|||||||
|Donationsandlegacies|**7**|75,295||-|**75,295**|100,579|
|Grants|8|-|41,920||**41,920**||
|Othertradingactivities|**9**|38,528|||**38,528**|80,745|
|Investments|**10**|35,423|131|915|**36,469**|54,120|
|Charitableactivities|**11**|883,054|||**883,054**|1,735,385|
|**Totalincome**||1,032,300|42,051|915|**1,075,266**|1,970,829|
|**EXPENDITUREON:**|||||||
|Raisingfunds||1,043|||**1,043**|579|
|Charitableactivities||2,280,045|41,981||**2,322,026**|2,271,482|
|**Totalexpenditure**|**12**|2,281,088|41,981||**2,323,069**|2,272,061|
|**Netincome/expenditurebefore**|||||||
|**transfersandinvestmentgains/losses**||(1,248,788)|70|915|**(1,247,803)**|(301,232)|
|Gains/lossesoninvestments|**16**|(91,389)|67||**(91,322)**|18,931|
|**Netincome/expenditure**||(1,340,177)|137|915|**(1,339,125)**|(282,301)|
|Transfersbetweenfunds|**21**|13,203|(13,203)||||
|**Netmovementinfunds**||(1,326,974)|(13,066)|915|**(1,339,125)**|(282,301)|
|Fundbalancesbroughtforward||4,951,290|13,066|593,582|**5,557,938**|5,840,239|
|**Fundbalancescarriedforward**|**21**|3,624,316|-|594,497|**4,218,813**|5,557,938|





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||**Notes**|**2020**||**2019**||
|---|---|---|---|---|---|
|||||**E**|**:E**|
|**FIXEDASSETS**||||||
|TangibleAssets|**15**|**2,747,831**||2,882,938||
|Investments|**16**|**300,621**|**3,048,452**|1,306,101|4,189,039|
|**CURRENTASSETS**||||||
|Debtors|**17**|**32,655**||220,027||
|Cashatbankandinhand||**1,189,468**||1,255,771||
|||**1,222,123**||1,475,798||
|**CURRENTLIABILITIES**||||||
|Creditorsduewithinoneyear|**18**|**(51,762)**||(106,899)||
|**NETCURRENTASSETS**|||**1,170,361**||1,368,899|
|**TOTALASSETSLESSCURRENTLIABILITIES**|||**4,218,813**||5,557,938|
|**NETASSETS**|||**4,218,813**||5,557,938|
|**REPRESENTEDBY:**||||||
|**RESTRICTEDFUNDS**|**21**||||13,066|
|**UNRESTRICTEDFUNDS**||||||
|Generalfunds|**21**|**3,624,316**||4,951,290||
|Designatedfunds|**21**|**594,497**|**4,218,813**|593,582|5,544,872|
||||**4,218,813**||5,557,938|






## 

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||**Notes**|**2020**||**2019**||
|---|---|---|---|---|---|
|**Cashflowsfromoperatingactivities:**||||||
|**Netincome/expenditurefortheyear**||(1,339,125)||(282,301)||
|**Adjustmentsfor:**||||||
|Depreciationcharges|**15**|134,646||139,046||
|Dividends,interestandrentsfrominvestments|**10**|(36,469)||(54,120)||
|Loss/(profit)fromsaleoftangiblefixedassets||462||-||
|Loss/(gains)frominvestments|**16**|91,322||(18,306)||
|Decreaseindebtors||187,372||39,364||
|Decreaseincreditors||(55,137)||(134,123)||
|**Netcashprovidedby/(usedin)operatingactivities**|||(1,016,929)||(310,440)|
|**Cashflowsfrominvestingactivities:**||||||
|Dividends,interestandrentsfrominvestments|**10**|36,469||54,120||
|Proceedsfromsaleofinvestments||944,286||116,255||
|Purchaseofinvestments|**16**|(30,129)||(89,279)||
|**Netcashprovidedby/(usedin)investingactivities**|||950,626||81,096|
|**Changeincashandcashequivalentsintheyear**|||(66,303)||(229,344)|
|**Cashandcashequivalentsatthebeginningoftheyear**|||1,255,771||1,485,115|
|**Cashandcashequivalentsattheendoftheyear**|||**1,189,468**||1,255,771|
|**Analysisofcashandcashequivalents**||||||
|Cashatbankandinhand|||1,189,468||1,255,771|
|**Totalcashandcashequivalents**|||**1,189,468**||1,255,771|





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|**4**|**NETINCOME/(EXPENDITURE)**|||
|---|---|---|---|
||Thisisstatedaftercharging:|**2020**|**2019**|
|||**E**|**£**|
||Operatingleasepayments|**32,329**|32,329|
||Depreciation|**134,646**|139,046|
||Auditors'remuneration-auditservices|**10,500**|14,700|





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||||**Unrestricted**|**Restricted**||**Designated**|**TOTAL**|
|---|---|---|---|---|---|---|---|
||||**Funds**|**Funds**||**Funds**|**2020**|
||**INCOMEFROM:**|||||||
||Grants|||41,920|||41,920|
||Charitableactivities||883,054||||883,054|
||**Totalincome**||883,054|41,920|||924,974|
||**EXPENDITUREON:**|||||||
||Charitableactivities||2,271,072|41,920|||2,312,992|
||||2,271,072|41,920|||2,312,992|
||**Netexpenditure**||(1,388,018)||||**(1,388,018)**|
|**7**|**INCOMEFROMDONATIONSAND**|**LEGACIES**||||||
|||**UNRESTRICTED**|**RESTRICTED**|**DESIGNATED**||**TOTAL**|**TOTAL**|
|||||||**2020**|**2019**|
||Donationsandgifts(including|75,295||||**75,295**|100,579|
||Sisterspensionbenefits)|||||||
|||75,295||||**75,295**|100,579|
|**8**|**INCOMEFROMGRANTS**|||||||
|||**UNRESTRICTED**|**RESTRICTED**|**DESIGNATED**||**TOTAL**|**TOTAL**|
|||||||**2020**|**2019**|
|||**£**|**£**|**£**||**£**|**£**|
||CoronavirusJobRetentionScheme||41,920|||**41,920**||
||||||**_**|||
|**9**|**INCOMEFROMOTHERTRADINGACTIVITIES**|||||||
|||**UNRESTRICTED**|**RESTRICTED**|**DESIGNATED**||**TOTAL**|**TOTAL**|
|||||||**2020**|**2019**|
|||**£**|**£**|**£**||**£**|**£**|
||Lettingsincome-swimmingpool|38,528||-||**38,528**|77,429|
||Lettingsincome-roomandbus||||||3,316|
|||38,528||||**38,528**|80,745|





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|**INCOMEFROMINVESTMENTS**||||||
|---|---|---|---|---|---|
||**UNRESTRICTED**|**RESTRICTED**|**DESIGNATED**|**TOTAL**|**TOTAL**|
|||||**2020**|**2019**|
||**£**|**£**|**£**|**£**|**£**|
|Dividendsfromlistedinvestments|33,153|131|-|**33,284**|45,383|
|Interestreceivable|2,270||915|**3,185**|8,737|
||35,423|131|915|**36,469**|54,120|



## 

||||||**TOTAL**|**TOTAL**|
|---|---|---|---|---|---|---|
||||||**2020**|**2019**|
||Grossschoolfees||||**944,551**|1,852,210|
||less:bursariesandallowances||||**(137,024)**|(205,797)|
||Netschoolfees||||**807,527**|1,646,413|
||Add:||||||
||Registrationfees||||**200**|1,700|
||Extras||||**75,327**|87,272|
||||||**883,054**|1,735,385|
|**12**|**ANALYSISOFEXPENDITURE**||||||
|||**Staff**|**Depreciation**|**Other**|**Total**|**Total**|
|||**Costs**||**costs**|**2020**|**2019**|
|||**£**|**£**|**£**|**£**|**£**|
||**Costofraisingfunds:**||||||
||Financingcosts|||1,043|**1,043**|579|
||**Totalcostofraisingfunds**|||1,043|**1,043**|579|
||**Charitableexpenditure**||||||
||**Education**||||||
||Teaching|1,055,617|3,473|95,084|**1,154,174**|1,190,128|
||Welfare|4,082|-|135,766|**139,848**|172,531|
||Premises|141,823|131,173|281,191|**554,187**|498,406|
||Supportandgovernance|199,865|-|273,952|**473,817**|410,417|
||**Totalcharitableexpenditure**|1,401,387|134,646|785,993|**2,322,026**|2,271,482|
||**Totalexpenditure**|1,401,387|134,646|787,036|**2,323,069**|2,272,061|
||**Analysisofsupportandgovernancecosts:**||||**2020**|**2019**|
||Governancecosts:||||||
||Auditorsremunerationforauditservices||||**10,500**|14,700|
||Legalandprofessionalfeesrelatingtogovernanceissues||||**8,973**|11,847|
||Totalgovernancecosts||||**19,473**|26,547|
||Supportcosts:||||||
||Auditor'sremunerationfornonauditservices|||||7,380|
||Legalandprofessionalfeesrelatingtosupport||||**29,203**|9,743|
||Supportstaffwages,nationalinsuranceandpension||||**199,865**|175,897|
||Othersupportcosts||||**225,276**|190,850|
||||||**473,817**|410,417|





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||**2020**|**2019**|
|---|---|---|
||**Number**|**Number**|
|Teaching|**33**|33|
|Welfare||1|
|Premises|**7**|7|
|Support|**8**|10|
||**48**|51|
|Theaggregatepayrollcostsfortheyearwereasfollows:|||
||**2020**|**2019**|
|Wagesandsalaries|**1,173,031**|1,114,297|
|Socialsecuritycosts|**70,702**|97,515|
|Pensioncosts|**157,654**|140,430|
||**1,401,387**|1,352,242|



|Staffearninginexcessof£60,000perannum(excludingredundancypayments)inthefollowing|bandsare:|
|---|---|
|**2020**|**2019**|
|**Number**|**Number**|
|£60,000-£69,999|1|



||**2020**|**2019**|
|---|---|---|
|Definedbenefitsschemes|**12,482**|11,074|



||**2020**|**2019**|
|---|---|---|
|Aggregateemployeebenefitsofkeymanagementpersonnel|**71,365**|193,745|





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||**Unrestricted**|**Restricted**|**Designated**|**Total**|
|---|---|---|---|---|
||**Funds**|**Funds**|**Funds**|**2019**|
||**£**|**£**|**f**|**£**|
|**INCOMEFROM:**|||||
|Donationsandlegacies|100,494|85|-|100,579|
|Othertradingactivities|80,745||-|80,745|
|Investments|49,307|145|4,668|54,120|
|Charitableactivities|1,735,385||-|1,735,385|
|**Totalincome**|1,965,931|230|4,668|1,970,829|
|**EXPENDITUREON:**|||||
|RaisingFunds|579|-||579|
|Charitableactivities|2,269,957|845|680|2,271,48:2|
|**Totalexpenditure**|2,270,536|845|680|2,272,061|
|**Netincome/expenditurebefore**|||||
|**transfersandinvestmentgains/losses**|(304,605)|(615)|3,988|(301,232)|
|Gains/lossesoninvestments|18,808|123||18,931|
|**Netincome/expenditure**|(285,797)|(492)|3,988|(282,301)|
|Fundbalancesbroughtforward|5,237,585|13,060|589,594|5,840,239|
|**Fundbalancescarriedforward**|4,951,788|12,568|593,582|5,557,938|





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|**15**|**TANGIBLEFIXEDASSETS**||||||
|---|---|---|---|---|---|---|
|||**Freehold**|**Fixtures& **|**Computer**|**Motor**|**Total**|
|||**Property**|**Fittings**|**Equipment**|**Vehicles**||
|||**£**|**£**|**f**|**£**|**f**|
||**Cost**||||||
||At1September2019|4,974,404|126,036|90,552|38,081|5,229,073|
||Disposals|-|(126,036)|(90,552)|-|(216,588)|
||At31August2020|**4,974,404**|||**38,081**|**5,012,485**|
||**Depreciation**||||||
||At1September2019|2,099,730|125,988|89,372|31,045|2,346,135|
||Chargeforyear|131,173|48|719|2,706|134,646|
||Eliminatedondisposal||(126,036)|(90,091)|-|(216,127)|
||At31August2020|**2,230,903**|||**33,751**|**2,264,654**|
||**NetBookValue**||||||
||At31August2020|**2,743,501**|||**4,330**|**2,747,831**|
||At31August2019|2,874,674|48|1,180|7,036|2,882,938|
|**16**|**INVESTMENTS**||||||
||||||**2020**|**2019**|
||**Fairvalue**||||||
||At1September2019||||**1,306,101**|1,314,771|
||Additions||||**30,129**|89,279|
||Disposals||||**(1,025,118)**|(116,255)|
||Unrealisedgains/(losses)||||**(10,491)**|18,306|
||At31August2020||||**300,621**|1,306,101|
||**Analysisofinvestments**||**Unrestricted**|**Restricted**|**Total**|**Total**|
||||||**2020**|**2019**|
||Fairvaluecarriedforward||296,938|3,683|**300,621**|1,306,101|
||Historicalcost||274,932|3,519|**278,451**|1,210,555|





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|**DEBTORS**|||
|---|---|---|
||**2020**|**2019**|
|Feedebtors|**29,267**|20,190|
|Prepaymentsandaccruedincome|**3,388**|19,837|
|Otherdebtors||180,000|
||**32,655**|220,027|



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|**CREDITORS:duewithinoneyear**|||
|---|---|---|
||**2020**|**2019**|
|Tradecreditors|**7,999**|5,410|
|Othercreditors||35,249|
|Accruals|**41,303**||
|Deposits|**2,460**|66,240|
||**51,762**|106,899|



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|At31August2020thecharityhadtotalcommitmentsu<br>follows:|ndernon-cancellableoperatinglease|spayableas|
|---|---|---|
||**2020**|**2019**|
|Withinoneyear||32,329|
|Betweenoneandfiveyears||86,842|
|||119,171|





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||**At1 September**<br>**Income**<br>**Expenses**<br>**Transfers**|**Gains/**|**At31**|
|---|---|---|---|
||**2019**|**(losses)**|**August2020**|
|**Unrestrictedfunds**||||
|Generalreserves|4,951,290<br>1,032,300<br>(2,281,088)<br>13,203|(91,389)|**3,624,316**|
|**Designatedfunds**||||
|AgedSistersFund|593,582<br>915||**594,497**|
||5,544,872<br>1,033,215<br>(2,281,088)<br>13,203|(91,389)|**4,218,813**|
|**Restrictedfunds**||||
|RHillierScholarshipFund|2,253<br>131<br>-<br>(2,451)|67||
|BrazilandTanzaniaFund|-<br>(61)<br>61|-||
|BursaryFund|10,813<br>-<br>(10,813)|-||
|CoronavirusJobRetention||||
|Scheme|-<br>41,920<br>(41,920)|-||
||13,066<br>42,051<br>(41,981)<br>(13,203)|67||
|Totalfunds|**5,557,938**<br>**1,075,266**<br>**(2,323,069)**<br>**-**|**(91,322)**|**4,218,813**|
|**Generalreserves:**|ThesearefundstobespentorappliedatthediscretionoftheTrusteestofurtheranyofthe|||
||charity'sobjectives.|||
|**Designatedfunds:**|AgedSistersFund-ThisfundisdepositedforusewhenaBlessedSacramentSisterofthe|||
||regionofEngland/Irelandrequiresadditionalcare,hospitalisationormedical||help.|
|**Restrictedfunds:**|RHillierScholarshipFund-Thisfundwassetupfortherestricted|useofinvestingand||
||providingascholarshipeachyearfrominvestmentincome.|||
||Attheyearendthecharityhastransferredthebalanceof£2,451tounrestrictedfunds,with|||
||thedonor'sconsent,astherestrictedfundnolongerhaspurpose.|||
||BrazilandTanzania-Thisfundwassetuptocollectmoniesforthepeopleof||Braziland|
||Tanzania.|||
||BursaryFund-Thisfundwassetuptocollectmoniesfromparentsofleaverstocontribute|||
||towardsbursariesforpupilsfacingfinancialhardship.|||



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||**Unrestricted**|**Designated**|**Restricted**|**Total**|
|---|---|---|---|---|
||**Funds**|**Funds**|**Funds**||
|Fixedassets|3,048,452|||**3,048,452**|
|Currentassets|627,626|594,497|-|**1,222,123**|
|Creditors:lessthanoneyear|(51,762)||-|**(51,762)**|
||3,624,316|594,497||**4,218,813**|



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