2021-08-31-accounts

Governors'	Report		3-8
Independent	Auditor's	Report	9-12
Statement	of Financial	Activities	13
Balance Sheet			14
Statement	ofCash Flows ...		15
Notes to the Financial		Statements	16-26

Key executives and professional advisers	Key executives and professional advisers
Headmaster:	Mr CJones B Ed (Hons) —retired 31"October 2021 Mr N Close BSc, PGCE —appointed 1"November 2021
Bursar/Secretary:	Mr R Kinnison BA, FCA —resigned 31"December 2020 Interim Bursars —1"January 2021to 4'" May 2021
	Mr P Flowerday FFA, FIPA —appointed 4'" May 2021
Bankers:	National Westminster Bank, The Boulevard, Crawley,	RH10 1XU
	Lloyds Bank Pic, 6th Floor, 33 Old Broad Street, London, EC2N 1HZ
	CCLA, Senator House, 85 Queen Victoria Street, London,	EC4V 4ET
Auditors:	Alliotts LLP, Friary Court, 13-21 High Street, Guildford,	GU1 3DL
Solicitors:	Veale Wasbrough Vizards LLP, Narrow Quay House, Narrow Quay,		Bristol BS14QA
	DMH Stallard LLP, 3rd Floor, Origin One, 108 High Street,	Crawley,	RH10 1BD

				Unrestricted	Restricted	Total
			Notes	Fundsf	Fundsf	Funds f	2020 f
INCOME FROM:
Charitable activities				3,817,378		3,817,378	4,032,287
Other trading	activities			144,000		144,000	295,798
Investments				381		381	9,596
Total income				3,961,759		3,961,759	4,337,681
EXPENDITURE	ON:
Raising funds				53,867		53,867	39,532
Charitable activities				4,123,476		4,123,476	4,138,743
Total expenditure				4,177,343		4,177,343	4,178,275
NET INCOME				(215,584)		(215,584)	159,406
Transfer between		funds		1,000	(1,000)
Net movement	in funds			(214,584)	(1,000)	(215,584)	159,406
Reconciliation	of	funds:
Fund balances	at	1"September 2020		3,581,619	57,144	3,638,763	3,479,357
FUND BALANCES		at31"August 2021		3,367,035	56,144	3,423,179	3,638,763

		Notes		2021		2020
				f		f
FIXEDASSETS
Tangible assets		10		2,374,697		2,346,037
CURRENT ASSETS
Stocks			44,962		24,121
Debtors		12	193,356		133,766
Cash at bank and in hand			1,697,064		1,823,609
			1,935,382		1,981,496
CREDITORS: due within one year:		13	(815,722)		(621,914)
Net current assets				1,119,660		1,359,582
Total assets less current	liabilities			3,493,357		3,705,619
CREDITORS: due after more than one year:		14		(71,178)		(66,856)
TOTAL NET ASSETS				3,423,179		3,638,763
FUNDS
Unrestricted funds		17		3,367,035		3,581,619
Restricted funds				56,114		57,144
TOTAL CHARITY FUNDS				3,423,179		3,638,763

					2021	2020
Net cash flow from	operating activities				97,881	(145,881)
Cash flow from investing activities
Interest income received				381	9,596
Purchase oftangible fixed assets			(231,928)		(122,033)
Disposal oftangible	fixed assets			7,121	5,448
Net cash flow from	investing activities				(224,426)	(106,989)
Net cash flow from	financing activities				(126,545)	(252,870)
Cash and cash equivalents at 1"September					1,823,609	2,076,479
Cash and cash equivalents at31"August					1,697,064	1,823,609
RECONCILIATION	OF NET MOVEMENT IN FUNDS		TO NET CASH	FLOW	FROM OPERATING ACTIVITIES
					2021	2020
						E
Net income for the	year (as per Statement ofFinancial Activities)				(215,584)	159,406
Adjustment for:
Depreciation charges					198,332	186,027
Profit on disposal offixed assets					(2,185)	(3,198)
Investment income					(381)	(9,596)
(increase)/decrease	in stocks				(20,841)	11,763
(increase)/decrease	in debtors				(59,590)	29,451
Increase/(decrease)	in creditors				198,130	(519,734)
Increase/(decrease)	in cash provided	by operating	activities		97,881	(145,881)

5.	INVESTMENT	INVESTMENT	INCOME	INCOME
						Unrestricted	Restricted	Total	Total
						Funds	Funds	Funds	Funds
						2021	2021	2021	2020
						f	f	f	f
	Bank interest					381		381	9,596
6.	GOVERNANCE		COSTS
						Unrestricted	Restricted	Total	Total
						Funds	Funds	Funds	Funds
						2021	2021	2021	2020
						f	f	f	f
	Auditor's	remuneration			-current year	9,240		9,240	7,200
	Auditor's	remuneration			—prior year	2,730		2,730
	Other accountancy			costs		4,994		4,994
	Other governance			costs		345		345	1,784
						17,309		17,309	8,984

					2021
		Staff costs	Other	Dep'n	Total
Charitable	activities	f	f	f	f
School operating costs
Teaching		2,084,417	332,529	37,040	2,453,986
Welfare		210,721	114,757		325,478
Premises		183,499	483,485	161,292	828,276
Support		332,399	166,028		498,427
		2,811,036	1,096,799	198,332	4,106,167
Expenditure	on governance		17,309		17,309
Expenditure	on raising funds		53,867		53,867
		2,811,036	1,167,975	198,332	4,177,343

7.	EXPENDITURE: analysis	EXPENDITURE: analysis	EXPENDITURE: analysis	of	total expenditure	total expenditure	total expenditure	—Prior	year
													2020
									Staff costs		Other	Dep'n	Total
	Charitable	activities									f	E	f
	School operating costs
	Teaching								2,164,618		261,569	26,701	2,452,888
	Welfare									207,353	117,943		325,296
	Premises									169,193	544,425	159,326	872,944
	Support								332,307		146,324		478,631
									2,873,471		1,070,261	186,027	4,129,759
	Expenditure		on governance								8,984		8,984
	Expenditure		on raising funds								39,532		39,532
									2,873,471		1,118,777	186,027	4,178,275
8.	NET INCOME
	Net income		is stated after		charged:							2021 f	2020f
	Depreciation		oftangible	fixed assets								198,332	186,027
	Auditor's remuneration			—current year								9,240	7,200
	Auditor's remuneration			—prior year								2,730
9.	STAFF COSTS
												2021	2020
												f	f
	Wages and	salaries										2,363,495	2,361,883
	Employer's		Nl costs									213,749	207,815
	Pension contributions											233,796	303,773
												2,811,035	2,873,471
												2021	2020
	Average number of monthly				employees	in	the	year:				Number	Number
	Teaching and		teaching support									61	59
	Administration,		domestic	and maintenance			staff					35	22
													81

	total remuneration and be E506,503).	nefits received	by key manag	ement personn	el during th	e year was f49	5,039 (2020
10.	TANGIBLE FIXEDASSETS
		Freehold	Plant &	Fixtures,	Motor	Assets under
		property f	Machinery f	fittings & IT E	vehicles f	construction	Total f
	Cost
	At 1"September 2020	3,688,536	64,304	501,350	194,305		4,448,495
	Additions		66,462	25,428	7,900	132,138	231,928
	Disposals				(29,568)		(29,568)
	At 31"August 2021	3,688,536	130,766	526,777	172,637	132,138	4,650,855
	Depreciation At 1"September 2020	1,657,700	38,741	258,669	147,348		2,102,458
	Charge for the year	78,247	14,398	77,504	28,183		198,332
	Disposals				(24,632)		(24,632)
	At 31"August 2021	1,735,947	53,139	336,173	150,899		2,276,158
	Net: BookValue
	At31"August 2021	1,952,589	77,627	190,605	21,738	132,138	2,374,697
	At 31"August 2020	2,030,836	25,563	242,681	46,957		2,346,037

12.	DEBTORS
							2021f	2020 f
	Trade debtors						28,891	3,637
	Other debtors						11,631	36,644
	Prepayments						152,834	93,485
							193,356	133,766
13.	CREDITORS: FALLING DUE WITHIN ONE YEAR
							2021	2020
							f	f
	Trade creditors						68,579	33,591
	Pension liability						32	26,452
	Other taxation	and social	security					52,761
	Accruals and other creditors						14,621	48,016
	Fees received in advance and			deposits held			732,490	461,094
							815,722	621,914
14.	CREDITORS: FALLING DUE MORE THAN				ONE YEAR
							2021f	2020f
	Pension liability						71,178	66,856
15.	FINANCIAL INSTRUMENTS
							2021	2020
							f	f
	Financial assets	measured	at	amortised	cost		1,725,955	1,827,246
	Financial liabilities measured			at amortised		cost	301,119	314,423

16.	FUNDS: ANALYSIS OF NET ASSETS —current year	FUNDS: ANALYSIS OF NET ASSETS —current year	FUNDS: ANALYSIS OF NET ASSETS —current year	FUNDS: ANALYSIS OF NET ASSETS —current year	FUNDS: ANALYSIS OF NET ASSETS —current year
							Net		2021
							Current	Long Term	Fund
						Fixed Assets	Assets	Liabilities	Balances
						f	f	f	f
	Restricted	funds				25,000	31,144		56,144
	Unrestricted		funds			2,349,697	1,088,516	(71,178)	3,367,035
						2,374,697	1,119,660	(71,178)	3,423,179
	FUNDS: ANALYSIS OF NET ASSETS —prior year
							Net		2020
							Current	Long Term	Fund
						Fixed Assets	Assets	Liabilities	Balances
						f	f	f	f
	Restricted	Funds				26,000	31,144		57,144
	Unrestricted		Funds:			2,320,037	1,328,438	(66,856)	3,581,619
						2,346,037	1,981,496	(66,856)	3,638,763
17.	FUNDS MOVEMENT —current year
			1	September					31August
					2020 f	Income f	Expenditure f	Transfers f	2021 f
	Restricted	funds			57,144			(1,000)	56,144
	Unrestricted		funds	3,581,619		3,961,759	(4,177,343)	1,000	3,367,035
				3,638,763		3,961,759	(4,177,646)		3,423,179

FUNDS MOV	EMENT —prio	r year
		1September				31August
		2019 f	Income f	Expenditure f	Transfers f	2020 f
Restricted funds		54,330	3,814		(1,000)	57,144
Unrestricted	funds	3,425,027	4,333,867	(4,178,275)	1,000	3,581,619
		3,479,357	4,337,681	(4,178,275)		3,638,763

OPE	RATING LEASES
		2021f	2020 E
Due	within 1year	8,897	7,637
Due	from 1-5years	18,194	20,021
Due	in 5+years	976