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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|||||
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|||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|
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|~|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|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||||
##
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##
||||||||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|
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|||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)|