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||||||Page|
|---|---|---|---|---|---|
|Reference and administrative||details ofthe charitable|company,|its Trustees and|1|
|advisers||||||
|Trustees'
report|||||2-8|
|Independent
auditors'|report|on the financial statements|||9-12|
|Statement offinancial|activities||||13|
|Balance sheet|||||14|
|Statement ofcash flows|||||15|
|Notes to the financial|statements||||16-32|
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|Trustees|||Mrs Susannah
Clarke,|Trustee|Trustee|||
|---|---|---|---|---|---|---|---|
||||Mr Adrian
Downie, Trustee|||||
||||Mr Glynn Haywood,
Trustee||(appointed|1 November 2020)||
||||Mrs Nathalie
Haywood,|Trustee (appointed|||1 November 2020)|
||||Mrs Anne King, Trustee|||||
||||Mrs Jane Masih, Chair|||||
||||Mr Paul McNally, Trustee|||||
||||Mrs Victoria McNally, Trustee|||||
||||Mrs Amends
Silvey, Trustee||(appointed|7June 2021)||
||||Mrs Maralynn
Velasco-Mills,||Trustee|||
||||Mr Sudheer
KSharma,|Trustee (resigned 14May 2021)||||
|Company|registered|||||||
|number|||01239748|||||
|Charity registered||||||||
|number|||270719|||||
|Registered||office|Bishops Blake Farnham|Road||||
||||Farnham
Royal|||||
||||Buckinghamshire|||||
||||SL23BY|||||
|Senior management||||||||
|team|||Mr TWintle, Head|||||
||||K Dhoot, Head of Finance (to||August 2021))|||
||||A Eastwood,
Head of Finance||(from September 2021)|||
|Independent||auditom|MHA Maclntyre
Hudson|||||
||||Building 4|||||
||||Foundation
Park|||||
||||Roxborough
Way|||||
||||Maidenhead|||||
||||Berkshire|||||
||||SL63UD|||||
|Bankers|||Allied Irish Bank|||||
||||51 Belmont Road|||||
||||Uxbridge|||||
||||Middlesex|||||
||||UB8 1RZ|||||
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2021|2021|2021|2020|
|||Note||6|6|6|
|Income from:|||||||
|Donations
and legacies|||804|25,369|26,173|36,653|
|Charitable
activities|||1,478,497||1,478,497|1,431,979|
|Other trading
activities||||||120|
|Investments|||||63|632|
|Total income|||1,479,364|25,369|1,504,733|1,469,384|
|Expenditure
on:|||||||
|Charitable
activities||5|1,336,755|25,369|1,362,124|1,425,733|
|Total expenditure|||1,336,755|25,369|1,362,124|1,425,733|
|Net movement
in funds|||142,609||142,609|43,651|
|Reconciliation
offunds:|||||||
|Total funds brought|forward||1,016,847||1,016,847|973,196|
|Net movement
in funds|||142,609||142,609|43,651|
|Total funds carried|forward||1,159,456||1,159,456|1,016,847|
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||||2021|2021|2020|2020|
|---|---|---|---|---|---|---|
|||Note|8|6|F||
|Fixed assets|||||||
|Tangible assets||10||1,266,903||1,318,572|
|||||1,266,903||1,318,572|
|Current assets|||||||
|Debtors||11|34,726||62,579||
|Cash at bank and in hand|||545,652||309,952||
||||580,378||372,531||
|Creditors: amounts|falling due within one||||||
|year||12|(343,587)||(289,318)||
|Net current assets||||236,791||83,213|
|Total assets less current liabilities||||1,503,694||1,401,785|
|Creditors: amounts|falling due after more||||||
|than one year||13||(344,238)||(384,938)|
|Net assets|||||||
|||||1,159,456||1,016,847|
|Charity funds|||||||
|Restricted
funds||14|||||
|Unrestricted
funds||14||1,159,456||1,018,847|
|Total funds||||1,159,456||1,016,847|
##
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||||||2021f|2020
6|
|---|---|---|---|---|---|---|
|Cash flows from operating|activities||||||
|Net cash used
in operating|activities||||299,513|55,422|
|Cash flows from investing|activities||||||
|Dividends,
interests
and rents from investments|||||63|632|
|Purchase oftangible fixed assets|||||(15,285)|(22,864)|
|Net cash used in investing|activities||||(15,222)|(22,232)|
|Cash flows from financing|activities||||||
|Repayments
of borrowing|||||(34,200)|(34,200)|
|Interest paid|||||(14,391)|(17,205)|
|Net cash used
in financing|activities||||(48,591)|(51,405)|
|Change
in cash and cash|equivalents|in|the year||235,'700|(18,215)|
|Cash and cash equivalents|at the beginning||ofthe year||309,952|328,167|
|Cash and cash equivalents|at the end of||the year||545,652|309,952|
|The notes on pages 16to 32 form part ofthese financial||||statements|||
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|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2021|2021|2021|
|||E||6|
|Donations||804||804|
|Government|grants||25,369|25,369|
|Total 2021||804|25,369|26,173|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2020|2020|2020|
|||F|6|9|
|Donations||1,033|776|1,809|
|Government|grants||34,844|34,844|
|||1,033|35,620|36,653|
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2021|2021|2020|
|||6|F|5|
|Gross fees and charges||1,682,722|1,682,722|1,726,302|
|Discounts|given|(204,225)|(204,225)|(294,323)|
|Total 2021||1,478,497|1,478,497|1,431,979|
##
||||Total|Total|
|---|---|---|---|---|
||||funds|funds|
||||2021|2020|
|||||6|
||Other|||120|
|5.|Investment|income|||
|||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2021|2021|2020|
||||||6||
||Investment|income||63|63|632|
|6.|Analysis|ofexpenditure|on charitable activities||||
||Summary|by fund type|||||
|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2021|2021|2021|
|||6|6|8|
|Total|expenditure|1,336,755|25,359|1,362,124|
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|Unrestricted|Restricted|Total|
|---|---|---|
|funds|funds|funds|
|2020
6|2020|2020f|
|1,390,113|35,620|1,425,733|
##
|Activities|||
|---|---|---|
|undertaken|Support|Total|
|directly|costs|funds|
|2021|2021|2021|
||K|6|
|1,280,352|81,772|1,362,124|
||Activities
undertaken
directly
2021|Support
costs
2021
K|Total
funds
2021
6|
|---|---|---|---|
|Total expenditure|1,280,352|81,772|1,362,124|
||Activities|||
||undertaken|Support|Total|
||directly|costs|funds|
||2020|2020|2020|
|||5||
|Total expenditure|1,288,478|137,257|1,425,733|
|Analysis ofdirect costs||||
||||Total|Total|
|---|---|---|---|---|
|||Activities|funds|funds|
|||2021|2021|2020|
|||6|K||
|Wages and salaries||941,688|941,686|938,142|
|Provision|ofeducation services|338,866|338,666|350,334|
|||1,280,352|1,280,352|1,288,476|
##
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||||Total|Total|
|---|---|---|---|---|
||Activities||funds|funds|
|||2021|2021|2020|
|||5||F|
|Wages and salaries||21,612|21,612|65,375|
|Training||2,894|2,894|3,916|
|Advertising||10,423|10,423|8,446|
|Telephone
and postage||3,070|3,070|2,274|
|Personal accident insurance||||2,154|
|Motor vehicle expenses||1,301|1,301|628|
|Sundry administration|and support costs|5,491|5,491|13,222|
|IAPS/ISI accreditation|and affiliation|5,070|5,070|5,171|
|Loan interest payable||14,391|14,391|17,205|
|Bank charges||528|528|(2,220)|
|Speech day costs||2,584|2,584|723|
|Governance
costs||14,408|14,408|20,363|
|Total 2021||81,772|81,772|137,257|
|In 2021 525,369(2020|- 634,844) of salary costs related to restricted|expenditure.|||
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|Net Inco|me/(Expenditur|e)|||
|---|---|---|---|---|
||||2021|2020|
||||6||
|This isstated after charging:|||||
|Depreciation
oftangible||fixed assets:|||
|-owned|by the chadity||66,954|59,798|
|Auditors'|remuneration|-audit|6,200|5,400|
|Auditors'|remuneration|-other services|3,583|2,400|
|Underprovision
for audit||fee in 2019||1,116|
|Operating|lease rentals||9,784|4,178|
||||86,521|72,892|
##
|Staff costs||||||
|---|---|---|---|---|---|
|||||2021|2020|
|||||E||
|Wages and|salaries|||768,473|803,006|
|Social security costs||||66,516|70,007|
|Contribution|to defined|contribution|pension schemes|128,309|130,504|
|||||963,298|1,003,517|
||2021|2020|
|---|---|---|
||No.|No.|
|Teachers|17|15|
|Non-teaching|15|16|
||32|31|
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||Freehold|llllotor|Fixtures and||
|---|---|---|---|---|
||property|vehicles|fittings|Total|
||K||K|8|
|Cost orvaluation|||||
|At 1 September 2020|1,736,017|25,500|191,550|1,953,067|
|Additions|||15,285|15,285|
|At 31August 2021|1,736,017|25,500|206,835|1,968,352|
|Depreciation|||||
|At 1 September 2020|515,078|25,202|94,215|634,495|
|Charge for the year|33,887|74|32,993|66,954|
|At 31August 2021|548,965|25,276|127,208|701,449|
|Net book value|||||
|At 31August 2021|1,187,052|224|79,627|1,266,903|
|At 31 August 2020|1,220,939|298|97,335|1,318,572|
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|||2021|2020|
|---|---|---|---|
|||6||
|Due within one year||||
|Trade debtors||12,109|35,364|
|Prepayments|and accrued income|22,617|27,215|
|||34,726|62,579|
##
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||||2021|2020|
|---|---|---|---|---|
|||||5|
|Bank loan|||34,200|34,200|
|Trade creditors|||62,526|40,986|
|Deposits|||7,000|12,250|
|Fees received|in advance||163,010|138,205|
|Other creditors|||43,042|41,000|
|Accruals and deferred||income|33,809|22,677|
||||343,587|289,318|
##
|||2021|2020|
|---|---|---|---|
|||8|5|
|Bank|loans|306,738|340,938|
|Other|creditors|37,500|44,000|
|||344,238|384,938|
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|Analysis|ofn|et assets between funds - current year|||
|---|---|---|---|---|
||||Unrestricted|Total|
||||funds|funds|
||||2021|2021|
||||6|6|
|Tangible|fixed|assets|1,266,903|1,266,903|
|Current|assets||580,378|580,378|
|Creditors|due|within one year|(343,587)|(343,587)|
|Creditors|due|in more than one year|(344,238)|(344,238)|
|Total|||1,159,456|1,159,456|
##
|Analysis|of net assets between funds - prior year|||
|---|---|---|---|
|||Unrestricted|Total|
|||funds|funds|
|||2020|2020|
|||E|6|
|Tangible|fixed assets|1,318,572|1,318,572|
|Current|assets|372,531|372,531|
|Creditors|due within one year|(289,318)|(289,318)|
|Creditors|due in more than one year|(384,938)|(384,938)|
|Total||1,016,847|1,016,847|
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|16.|Reconciliation
ofnet movement|Reconciliation
ofnet movement|Reconciliation
ofnet movement|Reconciliation
ofnet movement|in funds to net cash flow from operating|in funds to net cash flow from operating|activities||
|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|
||Net income for the year (as per Statement of Financial|||||Activities)|142,609|43,651|
||Adjustments
for:||||||||
||Depreciation
charges||||||66,954|59,798|
||Interest paid||||||14,391|17,205|
||Dividends,
interests||and|rents from investments|||(63)|(632)|
||Decrease/(increase)||in debtors||||27,853|(29,048)|
||Increase/(decrease)||in creditors||||47,769|(35,552)|
||Nst cash provided|by operating|||activities||299,513|55,422|
|17.|Analysis ofcash and cash equivalents||||||||
||||||||2021|2020|
||||||||K|5|
||Cash
in hand||||||545,652|309,952|
||Total cash and cash equivalents||||||545,652|309,952|
|18.|Analysis ofchanges||in|net debt|||||
|||||||At 1|||
|||||||September||At 31|
|||||||2020
5|Cash flows
f|August 2021|
||Cash at bank and
in|hand||||309,952|235,700|545,652|
||Bank overdrafts
repayable|||on demand||(34,200)||(34,200)|
||Debt due after 1 year|||||(340,938)|34,200|(306,738)|
|||||||(65,186)|269,900|204,714|
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|under|no|n-cancellable
operating
leases as follows:|||
|---|---|---|---|---|
||||2021|2020f|
|Within|1|year|13,342|3,756|
|Between||2 and 5years|46,697|2,191|
||||60,039|5,947|
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