2021-08-31-accounts

	Page
Trustees’ annual report (incorporating the director's report)	1
Independentauditor's report to the members	15
Statement offinancial activities (including income and
expenditure account)	20
Statementof financial position	21
Statement of cash flows	22
Notesto the financial statements	23
The following pages do not form part of the financial statements
Detailed statement offinancialactivities	35
Notes to the detailed statementof financial activities	36

ST.	ST.	MICHAEL'S SCHOOL(LEIGH-ON-SEA)LIMITED	MICHAEL'S SCHOOL(LEIGH-ON-SEA)LIMITED	MICHAEL'S SCHOOL(LEIGH-ON-SEA)LIMITED	MICHAEL'S SCHOOL(LEIGH-ON-SEA)LIMITED
CompanyLimited by Guarantee
Notesto the Financial Statements (continueq)
Year ended 31 August 2021
3.		Accounting policies (continued)
		Defined benefit plan
		The TPSis an unfunded schemeand contributions are calculated to			spread the cost of		pensions
		over employees’ working lives with the	academytrust in such a way that the pension				cost is a
		substantially level percentage of current and future		pensionable payroll. The contributions are
		determined by the Government Actuary	based on quadrennial valuations using a prospective unit
		credit method. TPS is an unfunded multiemployer scheme with no			underlying assets		to assign
		between employers. Consequently, the TPS is treated as a defined contribution				scheme for
		accounting purposes and the contributions recognisedin the period to which theyrelate.
4.	.	Limited by guarantee
		In the event of the company being woundup,theliability in respect of the guaranteeis					limited to
		£1 per memberofthe charity whilst he or she is a memberor within one year thereafter.
5.		Donations and grants
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2021	Funds		2020
			£	£	£		£
		Donations
		Donations	500	500	-		=
		Grants
		Job Retention Scheme	29,238	29,238	123,015		123,015
			29,738	29,738	123,015		123,015
6.		Charitable activities
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2021	Funds		2020
			£	£	£
		Schooltuition fees	2,554,038	2,554,038	2,270,090	2,270,090
		Registration fees	2,990	2,990	2,350		2,350
		Miscellaneous school income	8,446	8,446	4,177		4,177
			2,565,474	2,565,474	2.276617	2,276,617
7.		‘Investment income
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2021	Funds		2020
			£	£	£		£
		Bankinterest receivable	59	59	624		624

15.	Stocks
		2021	2020
		£
	Stock	4,055	4,539
16.	Debtors
		2021	2020
		£	£
	Prepayments and accrued income	53,182	45,712
	Schoolfees	75,879	40,391
		129,061	86, 103
17.	Creditors: amounts falling due within one year
		2021	2020
		£	£
	Bank loans and overdrafts	34,782	26,257
	Trade creditors	25,699	14,367
	Accruals and deferred income	270,905	217,501
	Social security and other taxes	37,221	34,520
	Returnable deposits	68,000	73,500
	Other creditors	1,578	2,814
		438,185	368,959
	Included within accruals and deferred incomeis deferred incomerelating to school fees received
	in advancefor the next year.
18.	Creditors: amountsfalling due after more than one year
		2021	2020
		£	£
	Bank loans and overdrafts	211,723	242,855
	Included within creditors: amounts falling due after more than one year is an amount of £73,809
	(2020: £101,047) in respect ofliabilities payable or repayable	by instalments which fall due for
	paymentafter more than five years from the reporting date.
	The bank loan is secured by charge over the property dated	29 October 2018 with a carrying
	amount of £488,085 in the balance sheet.

ST. MICHAEL'S SCHOOL(LEIGH-ON-SEA)	LIMITED
Company Limited by Guarantee
Detailed Statementof Financial Activities
Year ended 31 August 2021
	2021	2020
Income and endowments
Donations and grants
Donations	500
Job Retention Scheme	29,238	423,015
	29,738	123,015
Charitable activities
Schooltuition fees	2,554,038	2,270,090
Registration fees	2,990	2,350
Miscellaneous school income	8,446	4,177
	2,565,474	2,276,617
Investment income
Bankinterest receivable	59	624
Total income	2,595,271	2,400,256

	2021	2020
Expenditure on charitable activities
Activities undertaken directly
Education budget	45,155	40,281
Wagesandsalaries	1,471,398	1,455,383
Employer's NIC	129,826	123,874
Pension costs	244,787	238,133
Sports hire and transport costs	6,735	6,080
Rates and water	41,299	9,948
Light and heat	25,415	14,218
Premises expenditure, repairs and maintenance	43,415	23,154
Insurance	25,997	26,452
Depreciation	28,314	35,059
Discretionary bursaries and public benefit	49,517	36,111
Rentals and licences	2,274	2,717
Computer maintenance and software	46,778	38,156
Equipment and booksforresale	996	1,977
Household supplies	8,748	7,541
Catering costs	95,590
Sundry school expenses	4,125	3,078
Bad debts	10,495	1,976
Remodelling classrooms	442,167	17,964
	2,393,031	2,082,102
Support costs
Office wages and salaries	149,800	152,861
Employer's NIC	15,087	14,951
Pension costs	21,007	20,690
Telephone	6,009	6,174
Printing, postage and stationery	30,481	30,006
Subscription fees	8,312	7,899
Recruitment	2,983	2,145
Marketing, advertising and prospectus costs	13,657	7,369
School representation	2,792	753
	250,128	242,848

ST. MICHAEL'S SCHOOL(LEIGH-ON-SEA)	LIMITED
CompanyLimited by Guarantee
Detailed Statement of Financial Activities (continueg)
Year ended 31 August 2021
	2021	2020
	£	£
Governance costs
Governancecosts - accountancy fees	3,037	2,186
Governancecosts - audit fees	9,355	6,837
Legal and professionalfees	34,191	28,069
Trustees indemnity insurance	748	751
Bank charges andloaninterest	16,460	15,720
Sundry administration expenses	4,375	6,117
	68,166	59,680
Expenditure on charitable activities	2,711,325	2,384,630
Net (expenditure)/income	(116,054)	15,626