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||`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`|















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|`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`<br>`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`|<br>`29,238`|<br>`29,238`|<br>`123,015`||<br>`123,015`|
||||<br>`29,738`<br>|<br>`29,738`<br>|<br>`123,015`<br>||<br>`123,015`<br>|
|`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`<br>|`8,446`<br> <br>|`4,177`<br> <br>|<br>|`4,177`<br> <br>|
||||<br>`2,565,474`<br>|<br> <br>`2,565,474`<br> <br>|<br> <br>`2.276617`<br> <br>|<br> <br>`2,276,617`<br> <br>||
|`7.`||`‘Investment income`||||||
||||`Unrestricted`|`Total Funds`|`Unrestricted`|`Total Funds`||
||||`Funds`|`2021`|`Funds`||`2020`|
||||`£`|`£`|`£`||`£`|
|||`Bankinterest receivable`|`59`|`59`|`624`||`624`|













|`15.`|`Stocks`|||
|---|---|---|---|
|||`2021`|`2020`|
|||`£`||
||`Stock`|<br>`4,055`|`4,539`|
|`16.`|`Debtors`|||
|||`2021`|`2020`|
|||`£`|`£`|
||`Prepayments and accrued income`|`53,182`|`45,712`|
||`Schoolfees`|`75,879`|`40,391`|
|||<br> <br>`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`|
|||<br>`438,185`<br>|`368,959`<br> <br>|
||`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`<br>|`242,855`<br>|
||`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`<br>|||
||`2021`|`2020`|
|`Income and endowments`|||
|`Donations and grants`|||
|`Donations`|`500`||
|`Job Retention Scheme`|`29,238`|`423,015`<br>|
||`29,738`|`123,015`<br> <br>|
|`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`<br> <br>|`2,276,617`<br> <br>|
|`Investment income`|||
|`Bankinterest receivable`|`59`|`624`|
|`Total income`|<br>`2,595,271`<br>|<br>`2,400,256`<br>|





## 

||`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`<br> <br>|`2,082,102`<br> <br>|
|`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`|
||<br>`250,128`|<br>`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`|<br> <br>`2,711,325`|<br> <br>`2,384,630`|
|`Net (expenditure)/income`|<br>`(116,054)`|<br>`15,626`|