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|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|12|
|Report ofthe Independent
Auditors|13|to|14|
|Statement ofFinancial Activities||15||
|Balance Sheet|16|to|17|
|Cash Flow Statement||18||
|Notes to the Cash Flow Statement||19||
|Notes to the Financial Statements|20|to|29|
|Detailed Statement ofFinancial Activities||30||
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||||2020|2019|
|---|---|---|---|---|
||||Unrestricted|Total|
||||funds|funds|
|||Notes|||
|INCOME AND ENDOWMENTS FROM|||||
|Charitable
activities||3|||
|School|||1302492|1,525,973|
|Investment
income|||8 1108|7 933|
|Total|||14109400|1,533,926|
|EXPENDITURE ON|||||
|Charitable
activities|||||
|School|||1,518,306|1,512,084|
|NET INCOME/(EXPENDITURE)|||(207,906)|21,842|
|RECONCILIATION|OF FUNDS||||
|Total fuads brought|forward||1,406,970|1,385,128|
|TOTAL FUNDS CARRIED FORWARD|||1199064|1406970|
##
||||2020|2019|
|---|---|---|---|---|
||||Unrestricted|Total|
|||Notes|funds|fundsf|
|FIXEDASSETS|||||
|Tangible assets||12|605,942|637,086|
|CURRENT ASSETS|||||
|Debtors||13|435,406|9&,331|
|Cash at bank and in hand|||016965|1 430669|
||||I/52@71|1,529,000|
|CREDITORS|||||
|Amounts
falling due within one year||14|(577,749)|(666,616)|
|NET CURRENT|ASSETS||674622|862384|
|TOTAL ASSETSLESSCURRENT|||||
|LIABILITIES|||1480,564|1,499,470|
|CREDITORS|||||
|Amounts
falling due after more than one|||||
|year||15|(81+00)|(92,500)|
|NET ASSETS|||I 199064|1,406,970|
|FUNDS||17|||
|Unrestricted
funds:|||||
|General fund|||52$,197|720,515|
|Freehold property|fund||470,867|486,455|
|Major repairs fund|||150,000|150,000|
|Bursary fund|||501100|50,000|
||||1199064|1,406970|
|TOTAL FUNDS|||I 199064|1,406,970|
##
##
|||FORT|HE YEAR ENDE|D 31AUGUST 2020||
|---|---|---|---|---|---|
|||||2020|2019|
||||Notes|f.||
|Cash flows from operating||activities||||
|Cash generated
from operations|||1|~5907811|112606|
|Net cash (used in)/provided||by operating activities||~590700|112686|
|Cash flows from investing||activities||||
|Purchase oftangible fixed|assets|||(22,932)|(31,571)|
|Interest received||||0 008|7953|
|Net cash used in investing|activities|||~14924)|~23 618)|
|Change in cash and cash|equivalents|||||
|in the reporting
period||||(613,704)|89,068|
|Cash and cash equivalents||at tbe||||
|beginning ofthe reporting||period||I430669|1,341,601|
|Cash and cash equivalents||at tbe end||||
|ofthe reporting
period||||016965|1 430,669|
##
|OPERATING ACTIVITI|ES||||
|---|---|---|---|---|
||||2020|2019|
|Net (expenditure)/income|for the reporting|period (as per the|||
|Statement ofFinancial Activities)|||(207,906)|21,842|
|Adjustments
for:|||||
|Depreciation
charges|||54,076|58,892|
|Interest received|||(8,008)|(7,953)|
|Increase in debtors
(Decrease)/increase
in creditors|||(337,075)
~99,86|(8,936)
48,841|
|Net cash (used in)/provided|by operations||~5907802|112,686|
##
|ANALYSIS OF CHANGES IN NET FU|NDS|||
|---|---|---|---|
||At 1/9/19|Cash flow|At 31/8/20|
||||g|
|Net cash||||
|Cash at bank and in hand|1,430,669|~613704|016965|
||1430669|~613704|016965|
|Total|1 430 669|~613,704|816965|
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|Freehold|property|2%on cost|
|---|---|---|
|Improvements
to property||10%on cost|
|Fixtures|&fittings|10%on cost|
|Computer|equipment|33%on cost and 25%on cost|
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|||2020|2019|
|---|---|---|---|
|Deposit account interest||~8008|~7953|
|INCOME FROM CHARITABLE ACTIVITIES||||
|||2020|2019|
||Activity|||
|School fees|School|1462/98|1,500,766|
|Clubs dt activities|School|17,737|19,048|
|Other ancillary income|School|3/53|6,159|
|Grants|School|10404||
|||~13~02 92|1525 973|
##
||CHARITABL|E ACTIVITIES COSTS||||
|---|---|---|---|---|---|
||||Direct|Support||
||||Costs (see|costs (see||
||||note 5)|note 6)|Totals|
||||f.|||
||School||1 500 957|~77
49|~7570 00|
|5.|DIRECT COSTSOFCHARITABLE ACTIVITIES|||||
|||||2020|2019|
||Staffcosts|||985,747|938,832|
||Other operating|leases||12+04|11,619|
||Donations
Other teaching|costs||2,033
72,885|3,887
79,913|
||Catering|||72,089|119,143|
||Premises costs
Administration|dt finance costs||224,181
64,990|221,159
60,050|
||Scholarship
award
Provision for bad debts
Depreciation|||12,752
54,076|7,313
(3,316)
58,892|
|||||1500957|1,497,492|
##
##
|||2020|2019|
|---|---|---|---|
|Auditors'
remuneration||8,000|8,000|
|Auditors'
remuneration|for non audit work|8,574|5,564|
|Depreciation - owned|assets|54,076|58,892|
|Other operating leases||12404|11,619|
##
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|||2020|2019|
|---|---|---|---|
|Wages|and salaries|784,521|776,759|
|Social|security costs|71/60|67,832|
|Other|pension costs|~129966|94,241|
|||~9&5 747|938,832|
|The average monthly
number ofemployees|during the year was as follows:||
|---|---|---|
||2020|2019|
|Teaching|29|28|
|Other|5|5|
||34|33|
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|Within
Other pension
costs the pension
costs relating
to the defined
benefit
schem
(2019:686,975)and to the defined contribution
scheme aref8,865(2019:67,266).|e
are f121,10|
|---|---|
|COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES||
||Unrestricted|
||funds|
|INCOME AND ENDOWMENTS FROM||
|Charitable
activities||
|School|1,525,973|
|Investment
income|7963|
|Total|1,533,926|
|EXPENDITURE ON||
|Charitable
activities||
|School|1,512,084|
|NET INCOME|21,842|
|RECONCILIATION OFFUNDS||
|Total funds brought forward|1,385,128|
|TOTAL FUNDS CARRIED||
|FORWARD|7 406,970|
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|||Improvements||||
|---|---|---|---|---|---|
||Freehold|to|Fixtures|Computer||
||property|property
f|ik fittings
f|equipment|Totals
f|
|COST||||||
|At I September 2019|779478|62,574|256,100|177/15|I/75@67|
|Additions|||~17 54|~5578|~22 932|
|At 31August 2020|~779 78|~62
74|~273454|~182893|1~98 99|
|DEPRECIATION||||||
|At I September 2019
Charge for year|292,922
~15588|50,852
~1954|131,977
~22 028|162,530
~14 06|638/81
~54 076|
|At 31August 2020|~308510|~52 806|~154005|~177036|~692 57|
|NET BOOKVALUE||||||
|At 31 August 2020|~470868|~9768|~119449|~5857|~605 942|
|At 31August 2019|~486456|~lt 722|~124 123|~14 785|637,086|
##
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|||2020|2019|
|---|---|---|---|
|||8||
|Fees &extras||411,405|85,625|
|Other debtors||694|637|
|Prepayments
and accrued income||~23 07|12,069|
|||~435 406|98,331|
|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||||
|||2020|2019|
|||f||
|Trade creditors||87,022|58,362|
|Social security and other|taxes|169226|19,047|
|Other creditors||19,086|20,033|
|Fees &extras||426,602|485,109|
|Fee deposits due within|1 year|7,500|6,000|
|Accrued expenses||~21 13|78,065|
|||~577 749|666,616|
##
##
|CR|EDITO|RS: AMOUNTS FALLING DUE A|FTER MORE THAN ONE YEAR||
|---|---|---|---|---|
||||2020|2019|
||||8||
|Fee|deposits|repayable|~81 500|92,500|
##
##
|MOVEM|EN|T IN|FUNDS|||||
|---|---|---|---|---|---|---|---|
||||||Net|Transfers||
||||||movement|between|At|
|||||At 1/9/19|in funds|funds|31/8/20|
|Unrestricted||funds||||||
|General|fund|||720,515|(46,988)|(145@30)|528,197|
|Freehold property
Major repairs fund
Bursary fund|||fund|486,455
150,000
50,000|(15,588)
(132,578)
~12 752|132,578
12752|470,867
150,000
50,000|
|||||1406970|~207908||1 199,064|
|TOTAL|FU|DS||1 406970|~207 9062||1 199064|
##
##
##
||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended|in funds|
|Unrestricted|funds|||||
|General fund|||14109400|(1457488)|(46,988)|
|Freehold property||fund||(15,588)|(15488)|
|Major repairs
Bursary fund|fund|||(132,578)
~12752|(132+78)
~12752|
||||~110400|)22820
0066)~2tl790||
|TOTAL FUNDS|||IBID 400|~1518 06|~207 90|
##
|||||Net|Transfers||
|---|---|---|---|---|---|---|
|||||movement|between|At|
||||At 1/9/18|in funds
f|funds|31/8/19|
|Unrestricted|funds||||||
|General fund|||683,085|169,737|(132,307)|720,515|
|Freehold property||fund|502,043|(15,588)||486,455|
|Major repairs
Bursary fund|fund||150,000
5D DDD|(124,994)
~7313)|124,994
7,313|150,000
50,000|
||||1385128|21842||I 4D6 9711|
|TOTAL FUNDS|||1,385,128|21,842||1,406,970|
||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended
f|in funds|
|Unrestricted|funds|||||
|General fund
Freehold property
Major repairs fund
Bursary fund||fund|1,533,926|(1,364,189)
(15,588)
(124,994)
~7,313)|169,737
(15,588)
(124,994)
~7,313|
||||1,333,926|~1,1)2,084|21,842|
|TOTAL FUNDS||||||
##
##
|||||Net|Transfers||
|---|---|---|---|---|---|---|
|||||movement|between|At|
||||At I/9/18|in funds|funds|31/8/20|
||||f|f|||
|Unrestricted|funds||||||
|General fund|||683,085|122,749|(277,637)|528,197|
|Freehold property||fund|502,043|(31,176)||470,867|
|Major repairs
Bursary fund|fund||150,000
50000|(257,572)
~20.065)|257,572
20 065|150,000
50,000|
||||1 385 128|~)86,064||1,199,064|
|TOTAL FUNDS|||1 385 128|~)86,064|.|1 199064|
||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources
f|expended|in funds|
|Unrestricted|funds|||||
|General fund|||2,844,326|(2,721,577)|122,749|
|Freehold property||fund||(31,176)|(31,176)|
|Major repairs
Bursary fund|fund|||(257,572)
~200651|(257,572)
~20,065)|
||||2,844326|~3030390|186,064|
|TOTAL FUNDS|||2,844 326|~3030390|~)86064|
##
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##
||DETAILED STATEMENT OF FINANCIAL ACTIVITIES|DETAILED STATEMENT OF FINANCIAL ACTIVITIES||
|---|---|---|---|
||FORTHE YEAR ENDED 31AUGUST 2020|||
|||2020|2019|
|INCOME AND ENDOWMENTS||||
|Investment
income||||
|Deposit account interest||8,008|7,953|
|Charitable
activities||||
|School fees||17262/98|1,500,766|
|Clubs dt activities||17,737|19,048|
|Other ancillary
income||3,953|6,159|
|Grants||10404||
|||1302392|1 525 973|
|Total incoming resources||1410,400|1,533,926|
|EXPENDITURE||||
|Charitable
activities||||
|Wages||784,521|776,759|
|Social security||71/60|67,832|
|Pensions||129,966|94,241|
|Other operating
leases||12/04|11,619|
|Donations||2,033|3,887|
|Other teaching costs||72,885|79,913|
|Catering||72,0$9|119,143|
|Premises costs||224,1$1|221,159|
|Administration
Itt finance costs||64,990|60,050|
|Scholarship
award
Provision for bad debts
Depreciation oftangible|fixed assets|12,752
54076|7,313
(3,316)
58,892|
|||1,500,957|1,497,492|
|Support costs||||
|Governance
costs||||
|Auditors'
remuneration
Auditors'
remuneration
Legal fees|for non audit work|8,000
89574
775|8,000
5,564
I 028|
|||~17 49|14,592|
|Total resources expended||~151006|1.312.0$4|
|Net (expenditure)/income||~207 906|21 842|