2021-08-31-accounts - Park Charitable Trust For Girls Limited

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CONTENTS
					PAGES
Trustees, Officers and		Advisors
Trustees' Report					3to10
Statement of	Trustees'	responsibilities
independent	auditor's	report			12to 14
Statement of	financial	activities (incorporating	income and expenditure	account)	1S
Balance sheet					16
Statement of	cash flows				17
Notes to the financial		statements			18to 29

TRUSTEES:
The Trustees as at as follows:	the date ofsigning these accounts and those who served			the Charity during the	period were
Mr 5 Kondel Mr M Ahmed Mrs TSher		Appointed Appointed Appointed	15'"February 2011(Chair from 17'"September 30'"January 2015 1"February 2015, Resigned 4'" March		2020) 2021
Mrs SBeg		Appointed	1stAugust 2016,	Resigned 4'" March	2021
Mr 5Sharma		Appointed	10'"October 2018,	Resigned 13'"November 2021
Mr M A Reddy		ApPointed	10'"October 2018
Mr P Gersh		Appointed	10'"October 2018
Mrs F Husain		Appointed	19'"September 2020
Ms SWood		Appointed	23' June 2021,	Resigned 16'" November 2021
Ms J Roopra		Appointed	23' June 2021
Mr M Azam Mrs A Nicholas		Appointed Appointed	23"June 2021, 22" September 2021	Resigned 1stAugust	2021
OFFICERS:
Head Teacher	Mrs CRedfern	BA (Hons) Business Studies; MA Ed —Appointed 1"September 2021
Head Teacher	Mrs A Nicholas	BscHons (Econ) PGCE—retired 31August 2021
Bursar	Mr R D Lane appointed 6 October 2020

		Compulsory	Subjects (%	Pass Rat	e Grades	9-4)
			2021	2020	2019	2018	2017
English	Lang		100	100	96	100	94.1
English	Lit		96	100	100	100	100
Mathematics			100	100	96	100	100
French			100	100	100	100	100
Spanish			100	100	100	93.3	100
Biology			100	100	100	100	100
Chemistry			100	100	100	100	100
Physics			100	100	10D	100	100
Combined		Science	92	100	100	100	50

Optiona	l Subjects (	%Pass R	ate 9/4)
	2021	2020	2019	2018	2017
Art and Design	100	100	100	100	100
Business Studies	100	100	87	83.3	30
Computer Science	n/a	100	50	n/a	n/a
Geography	94	100	100	100	100
Hlstoiy	100	100	100	92.9	100
Music	100	n/a	100	100	100
Religious Studies	100	100	100	100	83.3
Physical Education	100	n/a	100	100	100

~	identified laws and regulations were communicated within the audit team regularly alert to instances of non-compliance throughout the audit.	identified laws and regulations were communicated within the audit team regularly alert to instances of non-compliance throughout the audit.	and	the team	the team	the team	remained	remained	remained
We assessed the susr eptibility ofthe charity's financial statements to material understanding of how fraud might occur, by:		misstatement,	including			obtaining			an
~	making enquiries of management as to where they considered there was susceptibility knowledge ofactual, suspected and alleged fraud; and				to	fraud,		their
~	considering the internal controls in place to mitigate risks of fraud	and non-compliance			with		laws		and
	regulations.
To address the risk offraud through management bias and override ofcontrols,		we:
~ ~	performed analytical procedures to identify any unusual or unexpected tested journal entries to identify unusual transactions;	relationships;
~	assessed whether judgements and assumptions made in determining note 1were indicative of potential bias; and	the accounting	estimates				sct	out in
~	investigated the rationale behind significant or unusual transactions.
ln response to the risk of irregularities and non-compliance with laws and regulations, we designed included, but were not limited to;				procedures				which
~	agreeing finanrial statement disclosures to underlying supporting documentation,
~	reading the minutes of meetings ofthose charged with governance;
~	enquiring of management asto actual and potential litigation and claims; and
~	reviewing correspondence with HMRC, relevant regulators including schools inspectorate and the charity's legal advisors.	the charity commission,				independent

							Total	Total
							Funds	Fundsforthe
							For the year	year ended
					Unrestricted	Restricted	ended 31st	29'"August
				Notes	Funds	Funds	August 2021	2020
								(Unrestricted
								)
								E
INCOMING	RESOURCES
Income from Charitable			activities:
School Other	fees educational	income		2 4	1,491,441 37,805		1491441 37,805	1~527p213 55,780
Investment income							3	632
Donations	and Legacies
TOTAL INCOMING RESOURCES					1,529,249		1,529,249	1,583,625
RESOURCES EXPENDED
Charitable	Activities
School	operating	costs		7	1,695,745		ti695 745	1671p252
TOTAL RESOURCES EXPENDED				7	1,695,745		1,695,745	1,671,252
NET (OUTGOING) RESOURCES FOR THE
PERIOD				8	(166,497)		(166,497)	(87,627)
Fund balances brought		forward at 1
September	2020			14	761,264	5,063	766,327	853,955
Fund balances carried		forward at 31August
2021				14	594,767	5,063	599,830	766,328

for the eriod	ended 31st Au ust 2021	C	om an Numbe	r 1220667
			2021	ZBZ0
		Note	E	E
FIXEDASSETS
Tangible assets		9	967,496	1,011,765
			967,496	1,011,765
CURRENT ASSETS
Debtors Cash at bank and	in hand	10	39,637 242,462	193,919 134,975
CREDITORS			282,099	328,894
Amounts falling due within one year			(455,527)	(347,507)
NET CURRENT ASSETS/(LIABILITIES)			(173,429)	(18,613)
TOTAL ASSETS LESSCURRENT LIABILITIES			794,067	993,152
CREDITORS
Amounts due after more than one year		12	(194,237)	(226,825)
NET ASSETS			599,830	766,327
FUNDS
Restrirted Unrestricted		14 14	5,063 594,767	5,063 761,264
TOTALFUNDS			599,830	766,327

						31stAugust	29th August
					Note	2021	2020
						5	5
Cash (used in)/provided	by operating	activities			18	132,838	(235,611)
Cash flows from investin	activities
Interestincome							632
Purchase oftangible fixed	assets					(359)
Cash used in investing activities						(356)	632
Cash flows from financin	activities
Repayment of borrowing						(24,995)	(22,281)
Cash inflows from new borrowing							50,000
Cash increase( used) in financing activities						(25,351)	27,719
Increase / (Decrease) in cash and Cash		equivalents		in the	period	107487	L2207 260
Cash and cash equivalents	at the beginning		ofthe	period		134,975	342,235
Total cash and cash equivalents at the		end	ofthe	period		242 462	~134975

		Year ended	Year ended
		31stAugust	29th August
		2021	2020
The	schools' fee income comprised:	E	E
	Gross fees due	1,553,643	1,568,067
	Less; bursaries	(62,202)	(40,854)
		1,491,441	1,527,213

				Year	ended	Year	ended
				31st	August	29th	August
					2021		2020
					E		E
Bank	interest	receivable			3		632
4.	OTHER	EDUCATIONAL	INCOME

					Year ended	Year ended
					31stAugust	29th August
					2021	2020
Other educational		charitable	activities		E	E
School trips Registration Music, dance	and exam fees lessons and additional			fees	1,667 7,760 28,378	9,038 11,122 35,620
					37,805	55,780

Governancecosts:
		Year	Year
		ended	ended
		31st	29th
		August	August
		2021	2020
Auditor's remuneration		E	E
-Audit service		15,000	14,000
Apportionment ofsenior staff costs		15,000	15,000
(Senior staff costs are apportioned	based on time spent)	30,000	29,000
6. TOTAL STAFF COSTS COMPRISED		E	E
WaRes and salaries Social security costs Pension contributions		981,585 99,048 205,427	992,516 94,384 205,001
		1,286,060	1,291,901

		Year	Year
		ended	ended
		31st	29th
		August	August
		2021	2020
		No.	No.
Teaching		28	28
Administration		4	3
		32	31
The number of higher	paid employees was:
Taxable emoluments	band: 660,001 —E70,000

		Staff Costs	Other	Deprecia-	Year	Year
			Costs	tion	ended 31st	ended
					August	29th
					2021	August
					Total	2020
					f	f
Charitable	activities:
Teaching Premises Support costs		1,169,266 101,794	87,467 43,398 219,193	18,159 26,468	1,274,892 69,866 320,987	1,212,788 56,274 373,190
		1,271,060	350,058	44,627	1,665,745	1,642,252
Governance	costs (note 5)	15,000	15,000		30,000	29,000
Total Resources Expended		1,286,060	365,058	44,627	1,695,745	1,671,252
2020		1,291,901	328,671	50,680	1,671,252

	Net outgoing	resources are stated after charging:
			Year ended	Year ended
			31st August	29th August
			2021	2020
			f	f
Depreciation			44,627	50,680
Auditor's	remuneration	(exclusive ofVAT):
—as auditors			15,000	14,000

9. TANGIBLE FIXED ASSETS
	Freehold	Equipment,
	land and	fixtures and
	buildings	fittings	Total
	E	E	E
Cost
At 30'" August 2020 Disposals	1,323,388	252,183	1,575,571
Additions At 31stAugust 2021		359	359
	1,323,388	252,542	1,575,930
Depreciation
At 30'" August 2020 Disposals	384,262	179,545	563,807
Charge for the period At 31August 2021	26,468 410,730	18,159 197,704	44,627 608,434
At 31stAugust 2021	912,658	54,838	967,496
At 29th August 2020	939,126	72,638	1,011,764

		31st August	29th August
		2021	2020
		E	E
Trade debtors Provision for bad or Doubtful	Debts	88,537 (50,000)	192,819
Prepayments
Other debtors		1,100	1,100
		39,637	193,919

	31st August	29th August
	2021	2020
	f	6
Bank loans Trade creditors Taxation and social security Other creditors Pupil Bonds Deferred income	33,252 57,230 24,280 37,562 67,200 236,004	25,660 49,547 25,641 57,364 63,200 126,095
	455,528	347,507

school t	rips taking place in 2020-21.		p
			31stAugust 2021
Balance Amount Amount Balance	as at 30'" August 2020 released to income earned from charitable deferred in year as at 31stAugust 2021	activities	E 126,095 (126,095) 236,004 236004

12. CREDITORS: Amounts falling due after more than one	year
	31stAugust	29th
	2021	August
		2020
	E	E
Bankloans	194,237	226,825
	194,238	226,825
MATURITY ANALYSIS
	E	E
In more than one year but not more than two years In more than two years but not more than five years In more than five years	28,396 85,188 80,653	33,160 99,480 94,185
	194,237	226,825


14. FUNDS
		At 30August 2020	Incoming resources	Outgoing resources	between reserves	31August 2021
Restricted funds		E	E	E	E	f
Patricia Lambert	prize fund	138				138
Travel fund		4,925				4,925
		5,063				5,063
Unrestricted funds
General fund Designated funds		(250,500)	1,529,248	(1,651,118)	(359)	(372,729)
Fixed Assets		1,011,764		(44,627)	359	967,496
		761,264	1,529,248	(1,695,745)		594,767
Total restricted	and unrestricted	766,327	1,529,248	(1,695,745)		599,830

. ANALYSI	S OF NET AS	SETS BETWEEN	FUNDS
		2021				2020
	Tangible		Other net		Tangible		Other net
	Fixed	Investments	assets/	Total	Fixed	Investments	assets/	Total
	Assets		liabilities		Assets		liabilities
Restricted
funds			5,063	5,063			5,063	5,063
Designated funds	967,496			967,496	1,011,764			1,011,764
Unrestricted
funds			(372,729)	(372,729)			(250,500)	(250,500)
	967,496		(367,666)	599,830	1,011,764		(245,437)	766,327

	2021	2020
	E	E
Net movement in funds	(166,497)	(87,627)
Add back depreciation charge Less investment income (Increase)/Decrease in debtors Increase/(Decrease) in creditors	44,627 (3) 154,282 100,429	50,680 (632) (118,601) (79,431)
Net cash used in operating activities	132,838	(235,611)

	As at 30/08/2020	Cash -flows	As at 31/08/21
	6	f	6
Cash at bank and in hand	134,975	107,487	242,462
	134,975	107,487	242,462
Loans falling due within one year	(25,660)	(7,592)	(33,2S2)
Loans falling due after more than	(226,825)	32,588	(194,237)
one year
	(252,485)	24'996	(227,4891
Total	(117,510)	132,483	14'973

			2021	2020
			f	E
INCOME
Fees due			1,553,644	1,568,067
Music lessons and additional		fees	372	15,380
Bursaries			(62,202)	(40,854)
Deposit interest accrued			3	632
School trips			1,667	9,038
Donations			0	0
Other income			35,764	31,362
TOTAL INCOME			1,529,248	1,583,625
TEACHING COSTS
Educational Resources			28,704	20,375
Wages and salaries			1,169,266	1,126,446
Text books and school supplies			26,712	25,528
Examination fees			1,643	8,116
Sports and Coach Hire			14,849	20,355
Staff Training			2,098	3,414
Subscriptions			958	4,065
Depreciation offixed	assets		18,159	24,212
School trips			12,503	4,046
			1,274,892	1,236,557
PREMISES COSTS
Insurance			15,410	13,012
Repairs and maintenance			27,988	16,794
Depreciation of fixed	assets		26,468	26,468
			69,866	56,274
SUPPORT COSTS
Wages and salaries			101,794	150,455
Temporary bursar fees			0	14,000
Rates &water			10,771	31,370
Telephone			6,705	5,795
Laundry and cleaning			26,434	26,291
Computer expenses			3,884	1,425
Catering &Refreshments			11,316	10,382
Legal &Professional	Fees		16,082	14,462
Speech Day			3,852	0
Service, Licence and	Copyright	Agreements	37,505	38,875
Other costs			8,544	11,484
Bank interest and charges			1,045	5,138
Advertising costs			5,251	8,188
Light and heat			19,352	11,311
Printing, postage and stationery			9,044	11,874
Bad debts			47	(217)
Provision for Bad or Doubtful		Debts	50,000	0
			311,626	340,833

GOVERNANCE	COSTS
Board Expenses			0	0
Auditor's remuneration			15,000	14,000
Apportionment	ofsenior staff costs (based on time spent)		15,000	15,000
			30,000	29,000
COSTS OF GENERATING		FINANCE
Sank and loan	interest	payable	7,861	8,588
Other costs			1,500	0
			9,361	8,588
TOTAL EXPENDITURE			1,695,745	1,671,252
NET OUTGOING	RESOURCES FOR THE PERIOD		(166,497)	(87,627)