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|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|
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|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|
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|||||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)|
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|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|
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|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||
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