2021-08-31-accounts

Governors		R.Fisher
		P.Toilet
		J.Clarke
		A, Page
		S.Wallis (Chairman)
		F.Barton
		C.Temple		(Appointed	26 January 2021)
		L. Lawson		(Appointed	1 December 2021)
Charity number		280883
Company	number	01510524
Principal address		Moulsford
		Wallingford
		Oxfordshire
		OX109HT
Registered	oNce	Moulsford
		Wallingford
		Oxfordshire
		OX109HT
Auditor		Kench &Co Ltd
		Chartered	Accountants
		10Station	Road
		Henley on	Thames
		Oxfordshire
		RG9 1AY
Bankers		Lloyds Bank PLC
		4 Market Place
		Wallingford
		Oxfordshire
		OX10 OEH
Solicitors		Field Seymour Parkes
		11 London	Street
		PO Box174
		Reading
		Berkshire
		RG1 4QW

		Page
Governors' report		1-5
Statement ofGovernor' responsibilities
Independent auditor's	report	7-9
Statement offinancia	activities	10
Balance sheet
Statement ofcash flows		12
Notes to the financial	statements	13-26

				Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				funds	funds		funds	funds
		Notes		2021 R	2021 R	2021	2020 F	2020f	2020f
o e	dowments		from:
Donations and	legacies		3		10,000	10,000		16,000	16,000
Charitable activities			4	8,008,341		8,008,341	7,255,006		7,255,006
Investments			5	25,660		25,660	11,191		11,191
Other income			6	4,120		4,120	6,113		6,113
Total income				8,038,121	10,000	8,048,121	7,272,310	16,000	7,288,310
Charitable activities			7	7,694,250	34,146	7,728,396	6,916,630		6,916,630
Net gains/(losses)		on
investments							15,000		15,000
Net Income/(expenditure)
for the year/
Net movement	in	funds		343,871	(24,146)	319,725	370,680	16,000	386,680
Fund balances	at 1
September 2020				6,988,571	24,146	7,012,717	6,617,891	8,146	6,626,037
Fund balances	at	31
August 2021				7,332,442		7,332,442	6,988,571	24,146	7,012,717

			Notes	2021 f	2020 f
Fixed assets
Tangible assets			12	14,310,898	13,906,300
Investment properties			13		385,000
				14,310,898	14,291,300
Current assets
Stocks			14	2,350	4,802
Debtors			15	1,957,623	1,929,616
Cash at bank and	in	hand		1,228,923	881,615
				3,188,896	2,816,033
Creditors: amounts		falling due within
one year			17	(3,958,761)	(6,693,987)
Net current liabilities				(769,865)	(3,877,954)
Total assets less	current liabilities			13,541,033	10,413,346
Creditors: amounts		falling due after
more than one year			18	(6,208,591)	(3,400,629)
Net assets				7,332,442	7,012,717
Income funds
Restricted funds			21		24,146
nre tr' ed funds
General unrestricted		funds		4,846,200	4,502,329
Revaluation reserve				2,486,242	2,486,242
				7,332,442	6,988,571
				7,332,442	7,012,717

					2021		2020
				Notes			f
Cash flows from operating		activities
Cash generated from operations				26		981,746	261,242
Investing	activities
Purchase	oftangible fixed assets				(465,412)		(1,734,554)
Investment	income received				25,660		11,191
Net cash	used in investing	activities				(439,752)	(1,723,363)
Financing	activities
Proceeds	ofnew bank loans						1,699,291
Repayment	ofbank loans				(194,686)		(135,748)
Net cash (used in)/generated			from
financing	activities					(194,686)	1,563,543
Net increase in cash and cash equivalents						347,308	101,422
Cash and	cash equivalents	at beginning		ofyear		881,615	780,193
Cash and	cash equivalents	at	end of	year		1,228,923	881,615

				Restricted
				funds
				2021	2020
					F
	Donations	and gifts		10,000	16,000
4	Charitable	activities
				Unrestricted
				funds
				2021	2020
					R
	Gross fees			7,979,169	7,058,291
	Job retention		scheme grant income	29,172	196,715
				8,008,341	7,255,006
5	Investments
				Unrestricted
				funds
				2021	2020
					f,
	Rental income			25,489	8,547
	Interest receivable			171	2,644
				25,660	11,191

						Unrestricted
						funds
						2021	2020
							E
	Other income					4,120	6,113
7	Charitable		activities
						Provision ofProvision of
						educational	educational
						services	services
						2021	2020
						f
	Staff costs					4,645,398	4,440,987
	Depreciation			and impairment		445,814	373,716
	Scholarship,			bursaries	and direct expenditure	1,388,384	1,078,406
						6,479,596	5,893,109
	Share ofsupport costs				(see note 8)	1,248,800	1,023,521
						7,728,396	6,916,630
	Analysis by fund Unrestricted funds					7,694,250	6,916,630
	Restricted	funds				34,146
						7,728,396	6,916,630

Support	costs
			SupportGovernance		2021	2020
			costs	costs
Human resources				37,770	37,770	37,303
Premises	costs		474,252		474,252	280,399
General management		expenses	288,997		288,997	352,207
Information	technology		105,765		105,765	62,753
Audit fees				21,140	21,140	21,892
Finance costs			279,356		279,356	226,505
Professional fees			41,520		41,520	46,462
			1,189,890	58,910	1,248,800	1,023,521
Analysed	between
Charitable	activities		1,189,890	58,910	1,248,800	1,023,521

The average monthly number o	femployees during the year wa	s:
		2021	2020
		Number	Number
Direct charitable		126	122
Management and administration	ofthe charity	20	14
		146	136
Employment costs		2021	2020
Wages and salaries		3,730,039	3,569,938
Social security costs		361,049	337,616
Other pension costs		592,080	570,736
		4,683,168	4,478,290

benefits)	was E60,000or more were:
		2021	2020
		Number	Number
f60,000	- f80,000	2	1
890,000	- F120,000	2	2

12	Tangible fixed assets	Tangible fixed assets
					Land and	Fixtures, Motor vehicles		Total
					buadings	fittings 8
						equipmentf	f
	Cost or valuation
	At 1 September 2020				15,000,887	1,227,025	168,064	16,395,976
	Additions				412,363	53,049	-	465,412
	Transfer from	investment		property	385,000			385,000
	At 31August	2021			15,798,250	1,280,074	168,064	17,246,388
	Depreciation	and impairment
	At 1 September 2020				1,361,384	963,476	164,816	2,489,676
	Depreciation	charged	in	the year	345,283	97,283	3,248	445,814
	At 31August	2021			1,706,667	1,060,759	168,064	2,935,490
	Carrying amount
	At 31August	2021			14,091,583	219,315		14,310,898
	At 31August	2020			13,639,503	263,549	3,248	13,906,300

Investment property
	2021f
Fair value
At 1 September 2020	385,000
Transfers to tangible fixed assets	(385,000)
At 31August 2021

14	Stocks				2021f	2020f
	Stock				2,350	4,802
15	Debtors
					2021	2020
	Amounts	falling due within one year:				K
	Trade debtors				1,852,493	1,878,167
	Other debtors				24,546	5,330
	Prepayments		and	accrued income	80,584	46,119
					1,957,623	1,929,616
16	Loans and overdrafts
					2021	2020
						f.
	Bank loans				6,077,269	6,271,955
	Payable	within	one year		230,778	3,194,676
	Payable	after	one	year	5,846,491	3,077,279
	Amounts	included		above which fall due after five years:
	Payable	by instalments			4,701,530	2,336,904

Creditors: amounts falling due within one year
		2021	2020
	Notes		E
Loans and overdrafts	16	230,778	3,194,676
Other taxation and social security		96,544	86,353
Deferred income		3,358,407	3,132,502
Trade creditors		207,236	108,766
Other creditors		12,500	92,671
Accruals		53,296	79,019
		3,958,761	6,693,987

18	Creditors: amounts	falling due after more than one year
			Notes	2021 K	2020f
	Bank loans		16	5,846,491	3,077,279
	Other creditors			362,100	323,350
				6,208,591	3,400,629
19	Deferred income
				2021	2020f
	Other deferred income			3,358,407	3,132,502

				INovement		Movement	in funds
				in funds
			Balance at 1 September	Incoming resources	Balance at 1September	Incoming resources	Resources expended	Balance at 31August
			2019		2020			2021
				K	F			E
	Restricted	funds	8,146	16,000	24,146	10,000	(34,146)
22	Analysis ofnet assets		between funds
			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2021	2021f	202'I	2020 F	2020	2020
	Fund balances at 31
	August 2021 are
	represented	by:
	Tangible assets		14,310,898		14,310,898	13,906,300		13,906,300
	Investment	properties				385,000		385,000
	Current assets/
	(liabilities)		(769,865)		(769,865)	(3,902,100)	24,146	(3,877,954)
	Long term	liabilities	(6,208,591)		(6,208,591)	(3,400,629)		(3,400,629)
			7,332,442		7,332,442	6,988,571	24,146	7,012,717

	2021 E	2020f
Within one year Between two and five years In over five years	34,359 93,176	20,597 94,992 8,966
	127,535	124,555

26	Cash generated from operatio		ns				2021	2020
							R	K
	Surplus for the year						319,725	386,680
	Adjustments for.
	Investment income recognised		in statement	offinancial	activities		(25,660)	(11,191)
	Fair value gains and	losses on	investment	properties				(15,000)
	Depreciation and impairment oftangible fixed assets						445,814	373,716
	Movements in working capital:
	Decrease in stocks						2,452	275
	(Increase) in debtors						(28,007)	(435,465)
	Increase in creditors						41,517	45,788
	Increase/(decrease)	in deferred	income				225,905	(83,561)
	Cash generated from operations						981,746	261,242
27	Analysis ofchanges	in net (debt)/funds
					At	1 September	Cash flows	At 31August
						2020		2021
						E,	K
	Cash at bank and in	hand				881,615	347,308	1,228,923
	Loans falling due within one year					(3,194,676)	2,963,898	(230,778)
	Loans falling due after more than one year					(3,077,279)	(2,769,212)	(5,846,491)
						(5,390,340)	541,994	(4,848,346)