||||Page|| |---|---|---|---|---| |Report ofthe Trustees||1|to|4| |Independent
Examiner's|Report|||| |Statement ofFinancial Activities||||| |Balance Sheet||7|to|8| |Cash Flow Statement||||| |Notes tothe Cash Flow|Statement||10|| |Notes tothe Financial Statements||11|to|21| |Detailed Statement ofFinancial Activities||22|to|23| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||2021|2020| |---|---|---|---|---|---| |||||Unrestricted|Total| |||||funds|funds| ||||Notes|E|E| |INCOME AND ENDOWMENTS||FROM|||| |Donations
and legacies|||||76| |Charitable
activities|||||| |Activities for generating|funds|||5,855|707,768| |Rental Income||||26,358|1,610| |Total||||32.313|709,454| |EXPENDITURE ON|||||| |Charitable
activities|||||| |Activities for generating|funds||||22,258| |Staff costs||||5,994|744,063| |Support costs||||121,629|355,709| |Depreciation||||31,988|33,392| |Total||||159,611|1,155,422| |NET INCOME/(EXPENDITURE)||||(127,298)|(445,968)| |RECONCILIATION
OF FUNDS|||||| |Total funds brought forward||||(1,059,997)|(614,029)| |TOTAL FUNDS CARRIED|FORWARD|||(1,187295)|(1,059,997)| ## |||Balance|Sheet||| |---|---|---|---|---|---| |||3~2A|2021||| |||||2021|2020| |||||Unrestricted|Total| |||||funds|funds| |||Notes||E|E| |FIXEDASSETS|||||| |Tangible assets||12||184,656|226,949| |Investments||13||1,597,204|1,597,204| |||||1,781,860|1,824,153| |CURRENT ASSETS|||||| |Debtors||14||62,8&4|94,297| |Cash at bank||||7,251|28,702| |||||70,135|122,999| |CREDITORS|||||| |Amounts
falling due within one year||15||(342,916)|(304,761)| |NET CURRENT ASSETS||||(272,781)|(181,762)| |TOTAL ASSETSLESSCURRENT LIABILITIES||||1,509,079|1,642,391| |CREDITORS|||||| |Amounts
falling due after more than one year||16||(2,696874)|(2,702,388)| |NET ASSETS||||(1,187,295)|(1,059,997)| |FUNDS||20|||| |Unrestricted|funds|||(1,187,295)|(1,059,997)| |TOTAL FUNDS||||(1,187,295)|(1,059,997)| ## ## ## ||||||Cash Flow Statement|Cash Flow Statement|| |---|---|---|---|---|---|---|---| |||||forthe|YearEnded31Au|ust2021|| |||||||2021|2020| |||||Notes||6|6| |Cash flows from operating|activities||||||| |Cash generated
from operations||||||(212,843)|(414,796)| |Interest paid||||||(77,275)|(26,562)| |Interest element of hire purchase|||payments||||| |paid||||||(3,861)|(1,605)| |Finance costs paid||||||57|(1,520)| |Net cash used in operating|activities|||||(293,922)|(444,483)| |Cash flows from investing|activities||||||| |Purchase oftangible fixed assets|||||||(440)| |Sale oftangible fixed assets||||||13,605|6,008| |Net cash provided
by investing||activities||||13,605|5,568| |Cash flows from financing|activities||||||| |New loans in year||||||263,770|| |Loan repayments
in year||||||(230,792)|(42,953)| |Additional
Trustee loans in|year|||||238,000|535,370| |Capital repayments
in year||||||(12,112)|(5,012)| |Net cash provided
by financing||activities||||258,866|487,405| |Change in cash and cash equivalents||||in the|||| |reporting
period||||||(21,451)|48,490| |Cash and cash equivalents|atthe||beginning||||| |ofthe reporting
period||||||28,702|(19,788)| |Cash and cash equivalents|atthe||end|ofthe|||| |reporting
period||||||7,251|28,702| ## ## ## |RECONCILIATION
OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING|RECONCILIATION
OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING|RECONCILIATION
OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING|ACTIVITIES|| |---|---|---|---|---| ||||2021|2020| ||||E|E| |Net expenditure
for the reporting|period (as per the Statement of|||| |Financial Activities)|||(127,298)|(445,968)| |Adjustments
for:||||| |Depreciation
charges|||28,553|34,539| |Loss on disposal offixed assets|||135|19,545| |Interest paid|||77,275|26,562| |Interest element ofhire purchase|and finance lease|rental payments|3,861|1,605| |Finance costs|||(57)|1,520| |Decrease in stocks||||1,528| |Decrease in debtors|||31,413|27,663| |Decrease in creditors|||(226,725)|(81,790)| |Net cash used in operations|||(212,843)|(414,796)| |ANALYSIS OF CHANGES IN NET DEBT||||| |||At 1.9.20|Cash flow|At 31.8.21| |||E|E|E| |Net cash||||| |Cash at bank and in hand||28,702|(21,451)|7,251| |||28,702|(21,451)|7351| |Debt||||| |Finance leases||(12,112)|12.112|| |Debts falling due within 1year||(39,162)|(269,892)|(309,054)| |Debts falling due after 1year||(2,625,288)|(1,086)|(2,626,374)| |||(2,676,562)|(258,866)|(2,935,428)| |Total||(2,647,860)|(280,317)|(2,928,177)| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||||||2021|2020| |---|---|---|---|---|---|---|---|---|---|---|---| |||||||Activity||||E|E| ||Fees receivable|||||Activities for generating||funds|||558,804| ||Grants|||||Activities for generating||funds|||87,535| ||Extras and disbursements||||||||||| ||recoverable
and recovered|||||Activities for generating||funds|||37,854| ||Other income|||||Activities for generating||funds||5,855|23,575| ||Rent receivable|||||Rental Income||||26,358|1,610| |||||||||||32,213|709,378| ||Grants received, included||||in the|above,|are as follows:||||| |||||||||||2021|2020| |||||||||||E|E| ||Covid Job Retention|||Scheme|||||||87,535| |5.|CHARITABLE ACTIVITIES COSTS||||||||||| ||||||||||Direct|Support|| ||||||||||Costs (see|costs (see|| ||||||||||note 6)|note 7)|Totals| ||||||||||E|E|E| ||Staff costs||||||||5,994||5,994| ||Support costs||||||||33,986|87,643|121,629| ||Depreciation||||||||31,988||31,988| ||||||||||71,968|87,643|159,611| ||DIRECT COSTS|OF CHARITABLE||||ACTIVITIES|||||| |||||||||||2021|2020| |||||||||||E|E| ||Staff costs|||||||||(5,224)|744,063| ||Rates and insurance|||||||||20,873|36,485| ||Light and heat
Repairs - premises||and household|||||||18,063
9~|30,736
9,681| ||Gardens and grounds|||||||||2,604|7,650| ||Advertising||||||||||1,209| ||Catering costs||||||||||33,349| ||Professional fees, training,||||subscriptions||&licences|||595|19,144| ||General teaching expenses|||||||||(1,639)|15,683| ||Disbursements|recoverable|||||||||8,171| ||Telephone,
post &||stationery|||||||952|16,389| ||Administration|costs||- health &||safety, pest control &other admin||||158|1,042| ||Bad debts|||||||||(7,038)|41,410| ||Travel and motor expenses|||||||||298|3,626| ||Leasing costs|||||||||317|4,630| ||Depreciation|||||||||28,553|34,539| ||Loss on sale of|assets||||||||135|19,545| ||Redundancy
cost|||||||||3,477|79,424| |||||||||||71,968|1,106,776| ## ## ## |||||Governance|| |---|---|---|---|---|---| ||||Finance|costs|Totals| ||||E|E|E| |Support costs|||78,043|9,600|87,643| |Independent|examiners fees||||| |||||2021|2020| |||||E|E| |Independent|examination
fees|||2,934|7,140| |Other fees payable to independent||examiner||4,686|11,819| |NET INCOME/(EXPENDITURE)|||||| |Net income/(expenditure)
is stated||after charging/(crediting):|||| |||||2021|2020| |||||E|E| |Depreciation|-owned assets|||28,553|29,959| |Depreciation|-assets on hire purchase contracts and finance leases||||4,580| |Deficit on disposal offixed assets||||135|19,545| ## ## ## ## ## |STAFF|COSTS||| |---|---|---|---| |||2021|2020| |||E|E| |Wages|and salaries|(1,474)|625,231| |Social|security costs|(3,826)|48,516| |Other|pension costs|76|70,316| |||(5,224)|744,063| ## ## ## ## ## ## ## ## ## ## |TANGIBLE FIXEDASSETS|||||| |---|---|---|---|---|---| ||||Fixtures||| ||Sports|Long|and|Motor|| ||Hall|leasehold|fittings|vehicles|Totals| ||E|E|E|E|E| |COST|||||| |At 1September 2020|113,591|267,514|88,744|30,064|499p913| |Disposals||||(30,064)|(30,064)| |At 31August 2021|113,591|267,514|||469,849| |DEPRECIATION|||||| |At 1September 2020|87,658|129,742|39,240|16,324|272,964| |Charge for year|2,992|16,688|8,873||28,553| |Eliminated
on disposal||||(16,324)|(16,324)| |At 31August 2021|90,650|146,430|48,113||285,193| |NET BOOK VALUE|||||| |At31August 2021|22,941|121,084|40,631||184,656| |At 31August 2020|25,933|137,772|49,504|13,740|226,949| ## ## ## |FIXEDASSET INVESTMENTS|| |---|---| ||Shares in| ||group| ||undertakings| ||E| |MARKET VALUE|| |At 1September 2020 and 31August 2021|1,597,204| |NET BOOK VALUE|| |At31August 2021|1,597p204| |At 31August 2020|1,597,204| ## ## ## |DEBTORS:AMOUNTS
FALLING DUE WITHIN ONE YEAR|DEBTORS:AMOUNTS
FALLING DUE WITHIN ONE YEAR||| |---|---|---|---| |||2021|2020| |||E|E| |Trade debtors||1,858|15,833| |Prepayments
and accrued income|||17,438| |Development
costs||61,026|61,026| |||62,884|94,297| |CREDITORS: AMOUNTS|FALLING DUE WITHIN ONE YEAR||| |||2021|2020| |||E|E| |Bank loans and overdrafts (see note 17)||309,054|39,162| |Hire purchase (see note|18)||5,012| |Trade creditors||7,750|42,873| |Amounts
owed to group|undertakings|6,947|6,947| |Social security and other|taxes|622|73,481| |Other creditors &accruals||14,554|137,286| |Fees in advance||3,989|| |||342,916|304,761| ||||2020|2019| |---|---|---|---|---| |||||E| |Deferred|income|brought forward||35,650| |Amounts|released|in year||(235,650)| |Income|deferred|in year|Sp898|197,875| |Deferred|income|carried forward|5,898|| ## ## ## ||2021|2020| |---|---|---| ||E|E| |Bank loans (see note 17)|739,921|769,835| |Other loans (see note 17)|1,886,453|1,855,453| |Hire purchase (see note 18)||7,100| |Other creditors|70,000|70,000| ||2,696,374|2,702,388| ## ## ||||2021|2020| |---|---|---|---|---| ||||E|E| |Amounts|falling due within one year on demand:|||| |Classroom||loan|4370|946| |Lloyds mortgage|||40414|38,216| |Otherloan|||263,770|| ||||309,054|39,162| |Amounts|falling between one and two years:|||| |Bank loans||- 1-2years|43,421|44,207| |Loan stock||||200,000| ||||43,421|244,207| |Amounts|falling due between two and five years:|||| |Bank loans||- 2-5years|130,810|137,385| |Other LTcreditors|||1,886,453|1,655,453| ||||2,017,263|1,792,838| |Amounts|falling due in more than five years:|||| |Repayable||by instalments:||| |Bank loans||more than 5years|565,690|588,243| ## ## ## ## ||||2021|2020| |---|---|---|---|---| ||||E|E| |Net obligations|repayable:|||| |Within one year||||5,012| |Between one|and five years|||7,100| |||||12,112| |SECURED DEBTS||||| |The following|secured debts are included|within creditors:||| ||||2021|2020| |||||E| |Bankloans|||1,048,975|808,997| |Hire purchase|contracts|||12,112| ||||1,048,975|821,109| ## ||||||Net|| |---|---|---|---|---|---|---| ||||||movement|At| |||||At 1.9.20|in funds|31.8.21| |||||E|E|E| |Unrestricted|funds|||||| |General fund||||(1,059,997)|(127,298)|(1,187495)| |TOTAL FUNDS||||(1,059,997)|(127,298)|(1,187,295)| |Net movement||in funds, included|in the above are as follows:|||| |||||Incoming|Resources|Movement| |||||resources|expended|in funds| |||||E|E|f| |Unrestricted|funds|||||| |General fund||||32.313|(159,611)|(127,298)| |TOTAL FUNDS||||32,313|(159,611)|(127,298)| ## ## ## ## |||||Net|| |---|---|---|---|---|---| |||||movement|At| ||||At 1.9.19|in funds|31.8.20| ||||E|E|E| |Unrestricted|funds||||| |General fund|||(614,029)|(445,968)|(1,059,997)| |TOTAL FUNDS|||(614,029)|(445,968)|(1,059,997)| |Comparative|net movement|in funds, included|in the above are as follows:||| ||||Incoming|Resources|Movement| ||||resources|expended|in funds| ||||E|E|E| |Unrestricted|funds||||| |General fund|||709,454|(1,155,422)|(445,968)| |TOTAL FUNDS|||709,454|(1,155,422)|(445,968)| ||||Net|| |---|---|---|---|---| ||||movement|At| |||At 1.9.19|in funds|31.8.21| |||E|E|E| |Unrestricted|funds|||| |General fund||(614,029)|(573,266)|(1,187,295)| |TOTAL FUNDS||(614,029)|(573,266)|(1,187,295)| |||Incoming|Resources|Movement| |---|---|---|---|---| |||resources|expended|in funds| |||E|E|E| |Unrestricted|funds|||| |General fund||741,767|(1,315,033)|(573,266)| |TOTAL FUNDS||741,767|(1,315,033)|(573,266)| ## ## ## ## ## ## ## ## ## ## ## ||||Detailed Statement of Financial Activities||| |---|---|---|---|---|---| ||||for the Year Ended 31Au ust 2021||| |||||2021|2020| |||||E|E| |INCOME AND ENDOWMENTS|||||| |Donations and|legacies||||| |Donations
and|fundraising||||76| |Charitable
activities|||||| |Fees receivable|||||558,804| |Grants|||||87,535| |Extras and disbursements||recoverable|and||| |recovered|||||37,854| |Otherincome||||5455|23,575| |Rent receivable||||26,358|1,610| |||||32,213|709,378| |Total incoming|resources|||32,313|709,454| |EXPENDITURE|||||| |Charitable
activities|||||| |Wages||||(1,474)|625,231| |Social security||||(3,826)|48,516| |Pensions||||76|70,316| |Rates and insurance||||20,873|36,485| |Light and heat||||18,063|30,736| |Repairs - premises
and household||||9,844|9,681| |Gardens and grounds||||2,604|7,650| |Advertising|||||1,209| |Catering costs|||||33,349| |Professional fees, training,||subscriptions|&||| |licences||||595|19,144| |General teaching expenses||||(1,639)|15,683| |Disbursements|recoverable||||8,171| |Telephone,
post &stationery||||952|16,389| |Administration|costs - health &safety,||pest||| |control &other|admin|||158|1,042| |Bad debts||||(7,038)|41,410| |Travel and motor expenses||||298|3,626| |Leasing costs||||317|4,630| |Depreciation
oftangible fixed assets||||28,553|34,539| |Loss on sale oftangible fixed assets||||135|19,545| |Redundancy
cost||||3,477|79,424| |||||71,968|1,106,776| ## ## ||||Detailed Statement ofFinancial Activities||| |---|---|---|---|---|---| ||||for the Year Ended 31Au ust 2021||| |||||2021|2020| |||||E|E| |Support costs|||||| |Finance|||||| |Bank loan interest||||930|906| |Bank mortgage|interest|||37,095|15,656| |Loan note interest|||||10,000| |Otherloan
interest||||36,188|| |HMRC interest||||26|| |Hire purchase|interest|||3,861|1,605| |Bank charges and other||interest||(57)|1,520| |||||78,043|29,687| |Governance costs|||||| |Independent
examiner's||fees||9,600|18,959| |Total resources|expended|||159,611|1,155,422| |Net expenditure||||(127,298)|(445,968)|