## |||||Page| |---|---|---|---|---| |Company|information|||1-2| |Chairman's|statement|||3| |Directors'|report (incorporating||the Strategic report)|4 —18| |Independent
auditor's||report||19—22| |Financial statements||ofthe company||23-44| |DIRECTORS|DIRECTORS|AND ADVISORS|AND ADVISORS|||||||| |---|---|---|---|---|---|---|---|---|---|---| |Directors||||Mr KP Craig (Appointed||||as Chairman||on| |||||01/09/2021)||||||| |||||Ms LAyres (Previous Chairman,|||||stood|down| |||||31/08/2021)||||||| |||||Mr P H W Southern|||(Deputy Chairman)|||| |||||The Revd Canon|l|C Black (Resigned||||10/03/2021)| |||||Mrs SDixon (Appointed||||13/10/2020)||| |||||Dr E Gifford (Appointed||||20/08/2021)||| |||||Mrs KC Hart||||||| |||||Mr P Hayes||||||| |||||Prof CJ Howe||||||| |||||Mrs H L Milligan-Smith||||||| |||||Mrs E Payne||||||| |||||Mr PTSimmons||||||| |||||Mr CW Spinley||||||| |||||DrJSThompson||||||| |||||The Right Revd R||S|Ladds (Provost: non-voting|||| |||||member)||||||| |Secretary||||Mr SJ Dharamraj||||||| |Charity No.||||269667||||||| |Company|No.|||01182629||||||| |Principal|Address|and Registered|Office|The Peterborough||School Limited||||| |||||Thorpe Road||||||| |||||Peterborough||||||| |||||Cambridgeshire||||||| |||||PE3 6AP||||||| |Key Management||Personnel||||||||| |Head||||Mr A D Meadows||||||| |Bursar||||MrSJ 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|Ravenscroff
Group|Ravenscroff
Group|| |---|---|---|---|---| |||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||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Note|Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---|---| |||||Funds|Fundsf|2021f|2020f| |Income and endowments|from:||||||| |Charitable
Activities|||||||| |School fees receivable||||5,944,279|(7,821)|5,936,458|5,388,456| |Ancillary
trading
income||||276,087||276,087|310,771| |Other trading activities|||||||| |Non-ancillary
trading
income||||23,207||23,207|26,750| |Investments|||||||| |Investment
income||||7,617|1,013|8,630|9,648| |Bank and other interest||||1,160|1|1,161|6,864| |Other —Grants and donations|||||||| |Grants and donations||||39,916|4,342|44,258|209,994| |Other income|||||||2,150| |TOTAL INCOME||||6,292,266|(2,465)|6,289,801|5,954,633| |Expenditure
on:|||||||| |Raising funds|||||||| |Financing costs||||25,564||25,564|75,917| |Investment
management||||3,217|504|3,721|3,666| |||||28,781|504|29,285|79,583| |Charitable
Activities|||||||| |Education and grant making|||7|6,030,233|2,469|6,032,702|5,992,831| |TOTAL EXPENDITURE||||6,059,014|2,973|6,061,987|6,072,414| |Net gains/(losses)
on investment||assets|13|52,551|8,199|60,750|(30,743)| |NET INCOME/(EXPENDITURE)||||285,803|2,761|288,564|(148,524)| |Transfers
between
funds|||22||||| |Net Movement
in funds for the||year||285,803|2,761|288,564|(148,524)| |Fund balances at 1 September 2020||||6,466,375|21,127|6,487,502|6,636,026| |FUND BALANCES AS AT 31AUGUST|||2021|6,752,178|23,888|6,776,066|6,487,502| ## ||||Note|Unrestricted|Restricted|Total| |---|---|---|---|---|---|---| |||||Funds
f|Funds
f|2020f| |Income and endowments|from:|||||| |Charitable
Activities||||||| |School fees receivable|||2|5,388,456||5,388,456| |Ancillary
trading
income|||3|310,771||310,771| |Other trading
activities||||||| |Non-ancillary
trading
income||||26,750||26,750| |Investments||||||| |Investment
income||||8,782|866|9,648| |Bank and other interest||||6,863|1|6,864| |Other —Grants and donations||||||| |Grants and donations||||207,169|2,825|209,994| |Other income||||2,150||2,150| |TOTAL INCOME||||5,950,941|3,692|5,954,633| |Expenditure
on:||||||| |Raising funds||||||| |Financing
costs||||75,917||75,917| |Investment
management||||3,202|464|3,666| |TOTAL DEDUCTIBLE COSTS||||79,119|464|79,583| |Charitable
Activities||||||| |Education
and grant making|||7|5,990,198|2,633|5,992,831| |TOTAL EXPENDITURE||||6,069,317|3,097|6,072,414| |Net (losses)/gains
on investment||assets|13|(29,043)|(1,700)|(30,743)| |NET EXPENDITURE||||(147,419)|(1,105)|(148,524)| |Transfers
between
funds||||6,518|(6,518)|| |Net Movement
in funds for the||year||(140,901)|(7,623)|(148,524)| |Fund balances at 1 September 2019||||6,607,276|28,750|6,636,026| |FUND BALANCES AS AT 31 AUGUST|||2020|6,466,375|21,127|6,487,502| ## |||Note||2021||2020| |---|---|---|---|---|---|---| |FIXEDASSETS||||||| |Tangible assets||12||6,234,479||6,489,513| |Investments||13||318,339||261,207| |||||6,552,818||6,750,720| |CURRENT ASSETS||||||| |Stock|||3,680|||| |Debtors||14|175,653||150,888|| |Cash at bank and|in hand||1,601,783||1,397,849|| ||||1,781,116||1,548,737|| |CURRENT LIABILITIES||||||| |Creditors
payable|within one year|15|749,677||1,645,792|| |NET CURRENT||||1,031,439||(97,055)| |ASSETS/(LIABILITIES)||||||| |TOTAL ASSETS
LIABILITIES|LESSCURRENT|||7,584,257||6,653,665| |LONG TERM LIABILITIES||||||| |Creditors
payable|after one year|16||808,091||166,063| |TOTAL NET ASSETS||||6,776,166||6,487,602| |REPRESENTED|BY:|||||| |Called up share|capital|||100||100| |RESTRICTED FUNDS||||||| |Restricted
income|funds|22||23,888||21,127| |UNRESTRICTED|FUNDS|||||| |General reserve||22||6,752,178||6,466,375| |||||6,776,166||6,487,602| ## |||||||||Note|2021|2020| |---|---|---|---|---|---|---|---|---|---|---| |Net cash provided
by operating|||activities|||||28|428,001|307,994| |Investing|activities|||||||||| |Dividends|and interest||||||||9,791|16,512| |Proceeds from the sale oftangible|||fixed|assets||||||2,150| |Purchase|oftangible
fixed assets||||||||(47,889)|(200,824)| |Proceeds from sale ofinvestments|||||||||64,330|57,759| |Uninvested|cash decrease/(increase)||||||||22,181|(24,003)| |Purchase
Repayment|ofinvestments
ofobligations
under finance|||leases|||||(82,893)
~4.084|(30,090)
~4,084| |Net cash|used in investing|activities|||||||(38,564)|(182,580)| |Financing|activities|||||||||| |Repayments
of borrowing|||||||||(161,767)|(155,612)| |Financing|costs||||||||(23,736)|(77,745)| |Net cash|used in financing|activities|||||||(185,503)|(233,357)| |Increase/(decrease)
in cash and|||cash|equivalents|||in the||203,934|(107,943)| |year||||||||||| |Cash and|cash equivalents|at the|beginning||of|the year|||1,397,849|1,505,792| |Cash and|cash equivalents|at the end||of|the|year|||1,601,783|1,397,849| |Analysis|ofchanges
in net debt|||||||||| ||||||||||Other|| |||||1|September||||non cash|31August| |||||||2020||Cash flowf|movement|2021| |Cash at bank and in hand|||||1,397,849|||203,934||1,601,783| |Debt due within one year
Bank loans||||||942,914||(157,683)|(626,236)|158,995| |Debt due after one year
Bank loans|||||||||626,236|626,236| |Obligations
under finance||leases||||4,084||(4,084)||| |||||||450,851||365,701||816,552| ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Freehold|land is not depreciated|||||| |---|---|---|---|---|---|---| |Freehold|buildings:|-Variable|according|to the building|and written|off over| |||the expected useful||life (see note|below)|| |Freehold|improvements|- Over the|useful economic life ofthe improvement|||| |Computer|equipment|- 25'/0 on|cost|||| |Fixtures and fittings||- between|10'/0 and 25'/0 on cost|||| |Motor vehicles||- 25'/0 on|cost|||| ## ## ## ## ## ## ## ||||2021f|2020| |---|---|---|---|---| |The school|fees income comprises:|||| |Gross fees|||6,871,585|6,717,794| |Less:|Scholarships||130,809|123,467| ||Bursaries||669,915|710,328| ||Staff remissions||134,403|166,389| ||CV19Summer|tuition fees reduction||329,154| ||||935,127|1,329,338| ||||5,936,458|5,388,456| ## ## ## |INCOME||||||||| |---|---|---|---|---|---|---|---|---| ||||||||2021|2020| ||||||||f.|| |Pre- and After-school||educational||supervision|||26,697|32,691| |Entrance fees|and registration||fees||||13,050|10,905| |Fees in lieu of|notice and late payment||||charges||38,006|34,375| |Pupil transport|||||||42,552|33,227| |Commissions|and other income||||||155,782|199,573| ||||||||276,087|310,771| |INVESTMENTS - INVESTMENT||||INCOME||||| ||||||||Total|Total| |||||Unrestricted||Restricted|2021|2020f| |Securities investment||income||||||| |Equities|||||7,617|1,013|8,630|9,648| ## ## ||||||Total|Total| |---|---|---|---|---|---|---| ||||Unrestricted|Restrictedf|2021|2020| |Bank interest|||1,160||1,161|6,864| |. OTHER —GRANTS AND DONATIONS||||||| ||||||Total|Total| ||||Unrestricted|Restricted|2021f|2020| |Government|grants|—CJRS|39,916||39,916|207,069| |Development|grants|and donations||542|542|2,025| |The Westwoodians'||Association||1,500|1,500|| |Other donations||||2,300|2,300|900| ||||39,916|4,342|44,258|209,994| ## |a) Total|expenditure||||||| |---|---|---|---|---|---|---|---| ||||Staff Costs|Support|Depreciation|Total|Total| ||||(note 9)f|Costs
'E|(note 12)
f|2021
f|2020f| |Costs of raising funds
Financing
costs (note 8)
Investment
management||fees||25,564
3,721||25,564
3,721|75,917
3,666| |Total costs of raising funds||||29,285||29,285|79,583| |Charitable|expenditure||||||| |Education|and grant making:||||||| |Teaching|||3,708,156|375,467|65,830|4,149„453|4,280,464| |Welfare|||239,398|266,370||505,768|405,039| |Premises|||164,979|376,197|184,934|726,110|679,845| |School administration|||383,915|226,153|18,035|628,103|604,514| ||||4,496,448|1,244, 187|268,799|6,009,434|5,969,862| |Governance costs||||23,268||23,268|22,969| |Education|and grant making||4,496,448|1,267,455|268,799|6,032,702|5,992,831| |Total Expenditure|||4,496,448|1,296,740|268,799|6,061,987|6,072,414| ## |||2021|2020| |---|---|---|---| |Remuneration
paid to auditor for audit services
Depreciation
oftangible
fixed assets (all owned)||20,160
268,799|19,806
277,826| |Operating
lease rentals:|||| |—Land and buildings
-Other assets||52,327|49,913| ## ## ## |8.|FINANCING
|COSTS|||| |---|---|---|---|---|---| |||||2021|2020| ||Bank interest|||18,030|24,985| ||Lease interest|||668|668| ||Bank charges|||2,493|2,853| ||Provision for bad and doubtful||debts|(8,881)|32,927| |Other costs||||13,254|14,484| |||||25,564|75,917| |9.|STAFF COSTS||||| |||||2021|2020f| ||The aggregate|payroll costs|for the year were:||| ||Wages and salaries|||3,566,263|3,551,622| ||Social security|costs||350,298|330,714| ||Other pension|costs||576,285|591,796| ||Private medical|insurance||3,602|3,935| |||||4,496,448|4,478,067| |The number
of higher paid employees
whose annua
were 660,000or more was:|l
emoluments
(excluding
employer
pens|ion costs)| |---|---|---| ||2021|2020| ||No|No| |F70,001 - f80,000||| |f120,001 - F130,000||| ## ## ||||||2021|2020| |---|---|---|---|---|---|---| ||||||No|No| |The number|with retirement||benefits|accruing:||| |- in Defined|Contribution|schemes was||||| ||||||f|| |Of which the|contributions||amounted|to|5,335|5,337| ||||||No|No| |—in Defined|Benefit schemes was||||2|2| ||||||f|f| |Of which the|contributions||amounted|to|45,392|45,984| |ollows:|||| |---|---|---|---| |||2021|2020| |Teaching||67|68| |Teaching support||18|24| |Nursery||15|18| |Welfare||17|11| |Premises||9|10| |Administrative|support|11|11| |||137|142| |Full time equivalent||117|119| ## ## ## |||||m0I-||||4L|CD lA
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CO~O|| ## ## ## |. INVESTMENTS||||||| |---|---|---|---|---|---|---| ||||||Total|Total| ||||Unrestrictedf|Restricted
F|2021|2020| |At 1 September 2020|||226,213|34,994|261,207|295,616| |Reinvested
income||||103|103|| |Amounts
withdrawn||||||| |Investment
management||fees|(3,217)|(504)|(3,721)|(3,666)| |(Decrease)/Increase
investments|in value of||52,551|8,199|60,750|~30,743| |At 31August 2021|||275,547|42,792|318,339|261,207| |Investments
comprise:||||||| |Listed investments||||||| |Equities|||272,339|35,884|308,223|228,910| |Cash|||3,208|6,908|10,116|32,297| |At 31August 2021|||275,547|42,792|318,339|261,207| |6,250|Lindsell Train Ltd Global Equity B|8.8| |---|---|---| |9,300|Unicorn Asset Management
UK Income|8.4| |10,750|FIL Inv Svcs UK Global|7.7| |2,850|Royal London
UTM UK Equity|7.6| |1,400|NB Private Equity Class A Ordinary|7.4| |12,500|Montanaro
UK Small Ordinary|7.2| |8,800|Premier Porffolio UK Multi Cap|6.7| |6,750|Aegon AM UK Ethical|6.6| |10,000|Montanaro
Asset Mgmt Better World|6.4| |10,000|lnt Public Partner
Ordinary|5.6| |13,500|Gresham
House Energy Ordinary|5.3| ## ## |14. DEBTORS||||| |---|---|---|---|---| ||||2021|2020| |School fees receivable
Reserve for bad and doubfful||debts|110,198
~71,841|118,177
~88,888| ||||39,157|38,141| |Other debtors|||21,686|15,035| |Prepayments
and accrued|income||114,810|97,712| ||||175,653|150,888| |15.CREDITORS: amounts
falling due within one year||||| ||||2021f|2020| |Bank loans and overdrafts|||158,995|942,914| |Net obligations
under finance leases||||4,084| |Deposits from parents|||14,757|17,906| |Fees received from parents||in advance|319,696|287,893| |ofterm||||| |Trade creditors|||61,428|115,222| |Taxation and social security|||86,114|83,541| |Other creditors|||59,709|123,525| |Accruals|||48,978|70,707| ||||749,677|1,645,792| |Summary
ofmovements|in deferred income|||| |Balance at 1 September 2020||||287,893| |Additional
amounts
deferred||||319,696| |Amounts
transferred
to SOFA in the year||||(287,893)| |Balance at 31August 2021||||319,696| ## ## |.CREDITORS: amounts
falling due after one y|ear|| |---|---|---| ||2021|2020| ||F|| |Bank loans and overdrafts|626,236|| |Deposits from parents|181,855|166,063| ||808,091|166,063| ## |After 5years||123,960|120,843| |---|---|---|---| |Within 2to 5years||39,068|33,651| |Within
1 to 2years||18,827|11,569| |Due after more than one year||181,855|166,063| |Within
1 year||14,757|17,906| |||196,612|183,969| |. BANK LOAN|||| |||2021f|2020f| |The bank loan is repayable|by instalments||| |Due within 2 to 5years||463,862|| |Due within
1 to 2 years||162,374|| |Due after more than one year||626,236|| |Due within
1 year||158,995|942,914| |||785,231|942,9'I4| ## ## ||||2021f|2020f| |---|---|---|---|---| |Amounts|falling due:|||| |Due within||1 year||4,084| |||||4,084| ## ## ## |The fut|ure|minimum
commitments|under non-cancellabl|e
operating
le|ases are:|| |---|---|---|---|---|---|---| ||||Land and|buildings|Other|| ||||2021
f|2020|2021|2020f| |Within|1|year|||50,007|54,743| |Between||2 and 5 years|||46,085|72,648| ||||||96,092|127,391| ## ## ## ## ## ## ## ## ## ## ||||Total|Total| |---|---|---|---|---| ||Unrestricted|Restricted|2021|2020| |Tangible fixed assets|6,234,479||6,234,479|6,489,513| |Securities investments|275,547|42,792|318,339|261,207| |Net current assets/(liabilities)|1,050,343|(18,904)|1,031,439|(97,055)| |Long term liabilities|(808,091)||(808,091)|(166,063)| ||6,752,278|23,888|6,776,166|6,487,602| ## |||At 1|||||At 31| |---|---|---|---|---|---|---|---| |||September|||||August| |||2020|Income|Expenditure|Transfersf|Gains
f|2021| |Restricted Funds|||||||| |Hannah
Warner
Scholarship||19,926|(6,808)|(504)||8,199|20,813| |Elisabeth
Little Prize
Fund||400|||||400| |Enjoy Benefits||168|1,000|(1,168)|||| |Individual
Learning|||1,000||||1,000| |6'"Form Benches|||1,000|(1,000)|||| |Year 11 Leavers'|Ball||500||||500| |Year 6 Leavers'
Books|||300|(300)|||| |The Giving Tree||633|542||||1,175| |||21,127|(2,465)|(2,973)||8,199|23,888| |Unrestricted
Funds|||||||| |General Reserve||6,466,375|6,292,266|(6,059,014)||52,551|6,752,178| |Total Funds||6,487,502|6,289,801|(6,061,987)||60,750|6,776,066| ## |At 31 August|2021,the|company|had capital|commitments|as follows:|2021|2020| |---|---|---|---|---|---|---|---| |||||||F|| |Expenditure|contracted|for but not provided||in the accounts||Nil|Nil| ## ## ## ## ## ## ## ||||2021|2020| |---|---|---|---|---| |||||E| |Net income/(expenditure)
for the year (as per the
statement
offinancial
activities)|||288,564|(148,524)| |Adjustments
for:||||| |Depreciation
charges|||268,799|277,826| |(Gains)/losses
on investments|||(60,750)|30,743| |Dividends
and interest|from investments||(9,791)|(16,512)| |Financing costs|||25,564|75,917| |Profit on the sale offixed assets||||(2,150)| |(Increase)
in stocks|||(3,680)|| |(Increase)/decrease
in|debtors||(24,765)|80,987| |(Decrease)/increase
in|creditors||(55,940)|9,707| |Net cash generated
from operating||activities|428,001|307,994| |ANALYSIS OF CASH|AND CASH EQUIVALENTS|||| ||||2021|2020| |Cash at bank and in hand|||1,601,783|1,397,849| |Total cash and cash|equivalents||1„601,783|1,397,849|