## |||||Page| |---|---|---|---|---| |Company|information|||1-2| |Chairman's|statement|||3-4| |Directors'|report (incorporating||the Strategic report)|5 —19| |Independent
auditor's||report||20-22| |Financial statements||ofthe company||23-44| |DIRECTORS|DIRECTORS|AND ADVISORS|AND ADVISORS||||||| |---|---|---|---|---|---|---|---|---|---| |Directors||||Ms LAyres (Chairman)|||||| |||||Mr P H W Southern|||(Deputy||Chairman)| |||||The Revd Canon|I|C Black|||| |||||Mr K P Craig|||||| |||||Mrs PJ Dalgliesh||(Resigned|||22 June 2020)| |||||Mrs S Dixon (Appointed||||13October 2020)|| |||||Mrs L Frisby (Resigned||||20 September 2019)|| |||||Mrs KC Hart|||||| |||||Mr P Hayes|||||| |||||Prof CJ Howe|||||| |||||Mrs H L Milligan-Smith|||||| |||||Mrs E Payne|||||| |||||Mr P T Simmons|||||| |||||Mr CW Spinley (Appointed|||||9 December 2019)| |||||DrJSThompson|||||| |||||The Right Revd R||S|Ladds (Provost: non-voting||| |||||member)|||||| |Secretary||||Mr SJ Dharamraj||(Appointed|||1 October 2019)| |Charity No.||||269667|||||| |Company|No.|||01182629|||||| |Principal|Address|and Registered|Office|The Peterborough||School Limited|||| |||||Thorpe Road|||||| |||||Peterborough|||||| |||||Gamb ridgeshire|||||| |||||PE36AP|||||| |Key Management||Personnel|||||||| |Head||||Mr A D Meadows|||||| |Bursar||||Mr SJ Dharamraj|||||| |Auditor||||RSM UK Audit LLP|||||| |||||The Pinnacle|||||| |||||170Midsummer|Boulevard||||| |||||Milton Keynes|||||| |||||Bucking hamshire|||||| |||||MK9 1BP|||||| |Bankers||||Barclays Bank pic|||||| |||||Peterborough
Business||||Centre|| |||||PO Box294|||||| |||||Peterborough|||||| |||||PE1 1EZ|||||| |Solicitors||||Hunt 8 Coombs|Solicitors||||| |||||35Thorpe Road|||||| |||||Peterborough|||||| |||||PE3 6AG|||||| ## |Investment|AdvIsers|Vartan Ravenscroft|Vartan Ravenscroft|Stockbrokers|Stockbrokers| |---|---|---|---|---|---| |||The Singing Men's Chambers|||| |||19Minster Precincts|||| |||Peterborough|||| |||PE1 1XX|||| |Insurance|Brokers|Marsh
Limited Education|||Practice| |||Capital House|||| |||1-5Perrymount|Road||| |||Haywards
Heath|||| |||West Sussex|||| |||RH16 3SY|||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |concern basis.
Further details
related
accounting
policies on page 27.
DIRECTORS|concern basis.
Further details
related
accounting
policies on page 27.
DIRECTORS|concern basis.
Further details
related
accounting
policies on page 27.
DIRECTORS|to the adoption
of|to the adoption
of|the going concern|basis can be found
in|the| |---|---|---|---|---|---|---|---| |The directors
(who are the Governors)|||who served
during||the year and up to|the date ofthis report,|| |and the committees
ofwhich||they are|members,|are:|||| |Ms L Ayres (Chairman)||||Finance 8|General Purposes||| |Mr P H W Southern
(Deputy||Chairman)||Finance 8|General Purposes||| |The Revd Canon
I C Black|||||||| |Mr K P Craig||||Finance 8|General Purpose||| |Mrs PJ Dalgliesh
(resigned||22 June||School Development
8 Fundraising|||| |2020)|||||||| |Mrs S Dixon (appointed|13|October|||||| |2020)|||||||| |Mrs KC Hart||||Safeguarding,
Early Years|||| |Mr P Hayes||||Finance 8
Fundraising,|General Purposes,
School Development
Crisis Management||8| |Professor CJ Howe||||Complaints|(Appea/),
Education||| |Mrs H L Milligan-Smith||||Marketing,|Early Years||| |Mrs E Payne||||Marketing|||| |Mr P T Simmons||||Finance 8|General Purposes,|Crisis Management|| |Mr C W Spinley (appointed||9 December|||||| |2019)|||||||| |Doctor JSThompson||||Health 8 Safety, Safeguarding,
(Appeal)||Early Years, Complaints|| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Note|Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---|---| |||||Funds|Funds|2020|2019| ||||||F|E|E| |Income and endowments|from:||||||| |Charitable
Activities|||||||| |School fees receivable|||2|5,388,456||5,388,456|5,821,747| |Ancillary
trading
income|||3|310,771||310,771|361,704| |Other trading activities|||||||| |Non-ancillary
trading
income||||26,750||26,750|41,260| |Investments|||||||| |Investment
income||||8,782|866|9,648|12,444| |Bank and other interest||||6,863|1|6,864|9,978| |Other —Grants and donations|||||||| |Grants and donations||||207,169|2,825|209,994|2,608| |Other income||||2,150||2,150|| |TOTAL INCOME||||5,950,941|3,692|5,954,633|6,249,741| |Expenditure
on:|||||||| |Raising funds|||||||| |Financing costs||||75,917||75,917|78,888| |Investment
management||||3,202|464|3,666|3,862| |||||79,119|464|79,583|82,750| |Charitable
Activities|||||||| |Education
and grant making|||7|5,990,198|2,633|5,992,831|6,051,285| |TOTAL EXPENDITURE||||6,069,317|3,097|6,072,414|6,134,035| |Net (losses)/gains
on investment||assets|13|(29,043)|(1,700)|(30,743)|3,214| |NET (EXPENDITURE)/ INCOME||||(147,419)|(1,105)|(148,524)|118,920| |Transfers between
funds|||22|6,518|(6,518)||| |Net Movement
in funds for the||year||(140,901)|(7,623)|(148,524)|118,920| |Fund balances at 1 September 2019||||6,607,276|28,750|6,636,026|6,517,106| |FUND BALANCES AS AT 31 AUGUST|||2020|6,466,375|21,127|6,487,502|6,636,026| ## ||||Note||Unrestricted|Restricted|Total| |---|---|---|---|---|---|---|---| ||||||Funds|Funds|2019| |Income and endowments|from:||||||| |Charitable
Activities|||||||| |School fees receivable||||2|5,821,747||5,821,747| |Ancillary
trading
income||||3|361,704||361,704| |Other trading
activities|||||||| |Non-ancillary
trading
income|||||41,260||41,260| |Investments|||||||| |Investment
income|||||10,586|1,858|12,444| |Sank and other interest|||||9,976|2|9,978| |Voluntary
sources|||||||| |Grants and donations||||||2,608|2,608| |TOTAL INCOME|||||6,245,273|4,468|6,249,741| |Expenditure
on:|||||||| |Raising funds|||||||| |Financing costs|||||78,888||78,888| |Investment
management|||||3,323|539|3,862| |TOTAL DEDUCTIBLE COSTS|||||82,211|539|82,750| |Charitable
Activities|||||||| |Education
and grant making|||||6,048,508|2,777|6,051,285| |TOTAL EXPENDITURE|||||6,130,719|3,316|6,134,035| |Net gains/(losses)
on investment||assets|||||| ||||||3,631|(417)|3,214| |NET INCOME|||||118,185|735|118,920| |Transfers
between
funds|||||11,293|(11,293)|| |Net Movement
in funds for the||year|||129,478|(10,558)|11&,920| |Fund balances at 1 September 2018|||||6,477,798|39,308|6,517,106| |FUND BALANCES AS AT|31 AUGUST||2019||6,607,276|28,750|6,636,026| ## |||Note||2020f||2019| |---|---|---|---|---|---|---| |FIXEDASSETS||||||| |Tangible assets||12||6,489,513||6,635,061| |Investments||13||261,207||295,616| |||||6,750,720||6,930,677| |CURRENT ASSETS||||||| |Debtors||14|150,888||231,875|| |Cash at bank and|in hand||1,397,849||1,505,792|| ||||1,548,737||1,737,667|| |CURRENT LIABILITIES||||||| |Creditors
payable|within one year|15|1,645,792||919,830|| |NET CURRENT||||(97,055)||817,837| |(LIABILITIES)/ASSETS||||||| |TOTAL ASSETS
LIABILITIES|LESSCURRENT|||6,653,665||7,748,514| |LONG TERII LIABILITIES||||||| |Creditors
payable|after one year|16||166,063||1,112,388| |TOTAL NET ASSETS||||6,487,602||6,636,126| |REPRESENTED|BY:|||||| |Called up share|capital|||100||100| |RESTRICTED FUNDS||||||| |Restricted
income|funds|22||21,127||28,750| |UNRESTRICTED|FUNDS|||||| |General reserve||22||6,466,375||6,607,276| |||||6,487,602||6,636,126| ## ||||||||Note|2020|2019| |---|---|---|---|---|---|---|---|---|---| |Net cash|provided
by operating||activities||||28|307,994|386,199| |Investing|activities||||||||| |Dividends|and interest|||||||16,512|22,422| |Proceeds|from the sale oftangible||fixed|assets||||2,150|| |Purchase|oftangible
fixed assets|||||||(200,824)|(349,917)| |Proceeds|from sale of investments|||||||57,759|58,405| |Uninvested|cash increase|||||||(24,003)|8,147| |Purchase
Repayment|of investments
ofobligations
under finance|||leases||||(30,090)
4,084|(54,745)
~4,084| |Net cash|used
in investing|activities||||||(182,580)|(319,772)| |Financing|activities||||||||| |Repayments
of borrowing||||||||(155,612)|(148,746)| |Cash inflows from new borrowing|||||||||12,252| |Financing|costs|||||||(77,745)|~(79,388| |Net cash|used in financing|activities||||||(233,357)|(215,862)| |Decrease|in cash and cash equivalents||||in the year|||(107,943)|(149,435)| |Cash and|cash equivalents|at the|beginning||of|the year||1,505,792|1,655,227| |Cash and|cash equivalents|at the end||ofthe||year||1,397,849|1,505,792| |Analysis|ofchanges
in net debt||||||||| |||||||||Other|| |||||1 September||||non cash|31August| |||||||2020f|Cash flow|movement
F|2020| |Cash at bank and in hand|||||1,505,792||(107,943)||1,397,849| |Debt due|within one year||||||||| |Bank loans||||||149,779|(151,528)|944,663|942,914| |Debt due|after one year||||||||| |Bank loans||||||944,663||(944,663)|| |Obligations
under finance||leases||||8,168|(4,084)||4,084| |||||||403,182|47,669||450,851| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Gross|fees|||6,717,794|6,678,584| |---|---|---|---|---|---| |Less:||Scholarships||123,467|117,155| |||Bursaries||710,328|618,931| |||Staff remissions||166,389|120,751| |||CV19 Summer|tuition fees reduction|329,154|| |||||1,329,338|856,837| |||||5,388,456|5,821,747| ## ## |CHARITABL
INCOME|E ACT|IVITIES|- A|NCIL|LARY TRADING||| |---|---|---|---|---|---|---|---| |||||||2020|2019| |||||||F|| |Pre- and After-school||educational||supervision||32,691|54,407| |Entrance fees|and registration||fees|||10,905|13,265| |Fees in lieu of|notice|and late|payment||charges|34,375|50,281| |Pupil transport||||||33,227|50,160| |Commissions|and other income|||||199,573|193,591| |||||||310,771|361,704| ## |INVEST|MENTS - IN|VESTMENT|INCOME|||| |---|---|---|---|---|---|---| ||||||Total|Total| ||||Unrestricted|Restricted|2020|2019| ||||||F|| |Securities|investment|income||||| |Equities|||8,782|866|9,648|12,444| ## ||||||Total|Total| |---|---|---|---|---|---|---| ||||Unrestricted|Restrictedf|2020
E|2019| |Bank interest|||6,863||6,864|9,978| |. OTHER —GRANTS AND DONATIONS||||||| ||||||Total|Total| ||||Unrestricted|Restricted|2020|2019| |Government|grants|—CJRS|207,069||207,069|| |Development|grants|and donations||2,000|2,000|| |Development|grants|and donations||25|25|608| |The Westwoodians'||Association||||1,000| |Other donations|||100|800|900|1,000| ||||207,169|2,825|209,994|2,608| ## ## ## |7.
ANALYSIS OF EX|PENDIT|URE||||| |---|---|---|---|---|---|---| |a) Total expenditure||||||| |||Staff Costs|Support|Depreciation|Total|Total| |||(note 9)f|Costs|(note 12)|2020|2019| |Costs of raising funds
Financing costs (note 8)|||75,917||75,917|78,888| |Investment
management|fees||3,666||3,666|3,862| |Total costs of raising funds|||79,583||79,583|82,750| |Charitable
expenditure||||||| |Education
and grant making:||||||| |Teaching||3,812,037|395,513|72,914|4,280,464|4,195,844| |Welfare||121,837|283,202||405,039|550,987| |Premises||164,198|331,546|184,101|679,845|591,726| |School administration||379,995|203,708|20,811|604,514|699,409| |||4,478,067|1,213,969|277,826|5,969,862|6,037,966| |Governance costs|||22,969||22,969|13,319| |Education
and grant making||4,478,067|1,236,938|277,826|5,992,831|6,051,285| |Total Expenditure||4,478,067|1,316,521|277,826|6,072,414|6,134,035| ## |||2020|2019| |---|---|---|---| |||E|E| |Remuneration
paid to auditor for audit services||19,806|12,358| |Depreciation
oftangible|fixed assets (all owned)|277,826|247,810| |Operating
lease rentals:|||| |- Land and buildings|||| |- Other assets||49,913|54,742| ## ## |8.|FINANCING|COSTS|||| |---|---|---|---|---|---| |||||2020|2019| |||||F|| ||Bank interest|||24,985|31,799| ||Lease interest|||668|668| ||Bank charges|||2,853|2,934| ||Provision for bad and doubtful||debts|32,927|27,404| ||Other costs|||14,484|16,083| |||||75,917|78,888| |9.|STAFF COSTS||||| |||||2020|2019| ||||||E| ||The aggregate|payroll costs|for the year were:||| ||Wages and salaries|||3,551,622|3,512,688| ||Social security|costs||330,714|331,703| ||Other pension|costs||591,796|421,723| ||Private medical|insurance||3,935|5,120| |||||4,478,067|4,271,234| |The number of higher paid employees
whose annua
were F60,000 or more was:|l
emoluments
(excluding
employer
pens|ion costs)| |---|---|---| ||2020|2019| ||No|No| |F70,001 —280,000||| |2120,001 —F130,000||| ## ||||||2020|2019| |---|---|---|---|---|---|---| ||||||No|No| |The number|with retirement||benefits|accruing:||| |—in Defined|Contribution|schemes was||||| ||||||f|| |Of which the|contributions||amounted|to|5,337|| |- in Defined|Benefit schemes was|||||| |Of which the|contributions||amounted|to|45,984|32,095| |he avera
ollows:|ge
m|onthly
number
of employees
during|the year calculated
on a head count|basis was| |---|---|---|---|---| ||||2020|2019| |Teaching|||68|70| |Teaching|support||24|22| |Nursery|||18|18| |Welfare|||11|10| |Premises|||10|10| |Administrative||support|11|10| ||||142|140| |Full time|equivalent||119|115| ## ## |||||||||(0
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O|| ## ## |. INVESTMENTS||||||| |---|---|---|---|---|---|---| ||||||Total|Total| ||||Unrestricted|Restricted|2020|2019| ||||F|||| |At 1 September 2019|||258,458|37,158|295,616|304,209| |Reinvested
income||||||| |Amounts
withdrawn||||||(7,945)| |Investment
management||fees|(3,202)|(464)|(3,666)|(3,862)| |(Decrease)/Increase|in value of|||||| |investments|||29,043|1,700|30,743|3,214| |At 31August 2020|||226,213|34,994|261,207|295,616| |Investments
comprise:||||||| |Listed investments||||||| |Equities|||193,927|34,983|228,910|287,322| |Cash|||32,286||32,297|8,294| |At' ,31August 2020|||226,213|34,994|261,207|295,616| |5,150|Royal London
UTM UK Equity|14.5| |---|---|---| |6,250|Lindsell Train
Ltd Global Equity B|10.7| |10,750|FIL Inv Svcs UK Global|9.2| |9,300|Unicorn Asset Management
UK Income|9.0| |10,000|lnt Public Partner
Ordinary|7.3| |42,980|Schroder Trust Income Maximiser|6.6| |12,500|Montanaro
UK Small Ordinary|6.6| |20,000|Picton Prop Income Ordinary|6.2| |1,400|NB Private
Equity Class A Ordinary|5.8| |2,500|Fundsmith
LLP Equity
Int|5.3| |6,750|Utilico Emerging
Market|5.2| |9,711|GCP Infrastructure
Ordinary|5.1| ## ## |. DEBTORS|||||| |---|---|---|---|---|---| |||||2020f|2019| |School fees receivable||||118,177|124,329| |Reserve for bad and doubtful||debts||80,036|57,832| |||||38,141|66,497| |Other debtors||||15,035|54,886| |Prepayments
and accrued income
Amounts
due from parent company||||97,712|109,082
1,410| |||||150,888|231,875| |. CREDITORS: amounts
falling due|||within one year||| |||||2020|2019| |Bank loans and overdrafts||||942,914|149,779| |Net obligations
under finance||leases||4,084|4,084| |Deposits from parents||||17,906|29,844| |Fees received from parents|in|advance||287,893|288,048| |ofterm|||||| |Trade creditors||||115,222|104,372| |Taxation and social security||||83,541|80,641| |Other creditors||||123,525|131,763| |Accruals||||70,707|131,299| |||||1,645,792|919,830| |Summary
of movements|in|deferred|income||| |Balance at 1 September 2019|||||288,048| |Additional
amounts
deferred|||||287,893| |Amounts
transferred
to SOFA in the year|||||(288,048)| |Balance at 31 August 2020|||||287,893| ## ## ## |. CREDITORS: amounts
falling due after one year||| |---|---|---| ||2020|2019| |Bank loans and overdrafts||944,663| |Net obligations
under finance leases||4,084| |Deposits from parents|166,063|163,641| ||166,063|1,112,388| ## |After 5years||120,843|98,825| |---|---|---|---| |Within 2 to 5 years||33,651|46,170| |Within
1 to 2 years||11,569|18,646| |Due after more than one year||166,063|163,641| |Within
1 year||17,906|29,844| |||183,969|193,485| |. BANK LOAN|||| |||2020|2019| |||F|F| |The bank loan is repayable|by instalments||| |Due after 5 years|||302,757| |Due within 2 to 5 years|||487,965| |Due within
1 to 2 years|||153,941| |Due after more than one year|||944,663| |Due within
1 year||942,914|149,779| |||942,914|1,094,442| ## ## |||2020f|2019| |---|---|---|---| |Amounts|falling due:||| |Due within|1 to 2 years||4,084| |Due after|more than one year||4,084| |Due within|1 year|4,084|4,084| |||4,084|8,168| ## |The fut|ure|minimum
commitments|under non-cancellable
operating
le|under non-cancellable
operating
le|ases are:|| |---|---|---|---|---|---|---| ||||Land and buildings||Other|| ||||2020|2019f|2020
E|2019| |Within|1|year|||54,743|54,743| |Between||2 and 5 years|||72,648|112,902| ||||||127,391|167,645| ## ## ## ## ## ## ## ## ||||Total|Total| |---|---|---|---|---| ||Unrestricted|Restricted|2020|2019| |||E|E|E| |Tangible fixed assets|6,489,513||6,489,513|6,635,061| |Securities investments|226,213|34,994|261,207|295,616| |Net current assets/(liabilities)|(83,188)|(13,867)|(97,055)|817,837| |Long term liabilities|(166,063)||(166,063)|(1,112,388)| ||6,466,475|21,127|6,487,602|6,636,126| ## |||At 1|||||At 31| |---|---|---|---|---|---|---|---| |||September|||||August| |||2019|Income|Expenditure|Transfers|Losses|2020| |||F|E|E|F||E| |Restricted|Funds||||||| |Hannah
Warner
Scholarship||27,742|866|(464)|(6,518)|(1,700)|19,926| |Elisabeth
Fund|Little Prize|400||(1)|||400| |Enjoy Benefits|||800|(632)|||168| |Prep play|area||2,000|(2,000)|||| |The Giving|Tree|608|25||||633| |||28,750|3,692|(3,097)|(6,518)|(1,700)|21,127| |Unrestricted|Funds||||||| |General Reserve||6,607,276|5,950,941|(6,069,317)|6,518|(29,043)|6,466,375| |Total Funds||6,636,026|5,954,633|(6,072,414)||(30,743)|6,487,502| |23. CAPITAL|COMMITMENTS|COMMITMENTS|||||| |---|---|---|---|---|---|---|---| |At 31 August|2020, the|company|had capital|commitments|as follows:|2020|2019| |Expenditure|contracted|for but not provided||in the accounts||Nil|Nil| ## ## ## ## ## ## ## |28.|RECONCILIATION
OF NET INCOME|TO NET CASH INFLOW FROM OPERATING|TO NET CASH INFLOW FROM OPERATING|ACTIVITIES| |---|---|---|---|---| ||||2020|2019f| ||Net (expenditure)/income
for the year (as per the
statement
offinancial activities)||(148,524)|118,920| ||Adjustments
for:|||| ||Depreciation
charges||277,826|247,810| ||Losses/(gains)
on investments||30,743|(3,214)| ||Dividends
and interest from investments||(16,512)|(22,422)| ||Financing costs||75,917|78,888| ||Profit on the sale offixed assets||(2,150)|| ||Decrease/(increase)
in debtors||80,987|(33,896)| ||Increase
in creditors||9,707|113| ||Net cash generated
from operating|activities|307,994|386,199| ||ANALYSIS OF CASH AND CASH EQUIVALENTS|||| ||||2020|2019| ||||E|E| ||Cash at bank and
in hand||1,397,849|1,505,792| ||Total cash and cash equivalents||1,397,849|1,505„792|