## ## |Contents||Page| |---|---|---| |Governors,|Officers and Advisers|3 —4| |Annual
Report ofthe Governors||5 —21| |Independent|Auditor's
Report|22 - 24| |Consolidated|Statement ofFinancial Activities|25| |Consolidated|and Charity Balance Sheets|| |Consolidated|Statement ofCash Flows|27| |Notes to the|Financial
Statements|28-52| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |TIVE||||ASSESSMENT| |---|---|---|---|---| |To maintain
the high level of all-round
Catholic
and Christian
education
within
the schools ofthe
Trust.
An enduring
objective.||||With
the recent appointments
of new Heads at Prior
Park
College
and
the
Paragon
School
and
a new
Director ofOperations
& Finance new initiatives
will| |||||be undertaken
to ensure
the high
level of education| |||||across Prior Park Schools.
The Prior Executive Board| |||||is
in
place
to
ensure
that
the
schools
have
the| |||||appropriate
level ofexecutive leadership.| |To achieve a financial
surplus
in
to make
continued
investment
needed
to
support
the
Trust's
enduring
objective.|order to be able
in
the
facilities
activities.
An|||Due tothe challenges
caused by the Covid-19 pandemic
this objective has been put under strain in 2019/20 with
the
Trust
nevertheless
managing
to make
a small
surplus for the year, largely helped byI0.5m offunding| |||||from
the Government's
Furlough
Scheme. Rigorous
cashflow
management
and
scenario
planning
have| |||||taken place to ensure that the Trust survives
this period
and is in a good position
to move
forward
once the| |||||andemic eases.| |To focus on affordability
to ensure
that
Park education
remains
accessible
to as
section ofthe population
as possible.|||a Prior
wide a|Regular
affordability
discussions
are held at both the
FAIR and the
full
Governing
Board meetings.
This
issue receives the full attention ofboth Governors
and| |||||the Prior Executive Board. The decision was taken to| |||||hold the Michaelmas
Term 2020 fees at the 2019/20| |||||level for the UK schools to help parents
through
this| |||||eriod.| |Tocontinue to monitor opportunities
to strengthen
the
existing
schools
in
Bath
and
Gibraltar
potentially
through
partnering
or
acquiring||||We continue to review opportunities
both in the United
Kingdom
and abroad to seeifthere isafit with the Prior
Park Schools' vision and ethos.| |existing or new schools
in support||of the|Trust's|| |primary objective ofthe advancement||ofeducation||| |within
a
Catholic/Christian||ethos|and|| |environment.||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |
for the year ended 31August 2020||||||| |---|---|---|---|---|---|---| ||||Unrest-|Rest-||| ||||ricted|ricted|2020|2019| |INCOME:
Income from charitable
activities:|Notes||Funds|Funds
6|Total
6|Total| |School fees receivable
Other educational
income||2
3|13,575,683
1,266,463||13,575,683
1,266,463|13,869,392
1,195,844| |Donations||||137,537|137,537|244,307| |Investment
income|||38,774||38,774|49,972| |Other trading activities:||||||| |Rents and lettings|||122,415||122,415|231,822| |Other Income (Furlough
Claim)|||550,104||550,104|| |TOTAL INCOME|||15,553,439|137,537|15,690,976|15,591,337| |EXPENDITURE ON:||||||| |Charitable
activities||5|14,787,685|223,529|15,011,214|14,641,578| |Cost ofraising funds||||||| |Fundraising
Finance costs||8|95,635
315,238||95,635
315,238|118,110
176,720| |TOTAL EXPENDITURE|||15,198,558|223,529|15,422,087|14,936,408| |NKT INCOME before gains on investments|||354,881|(85,992)|268,889|654,929| |Net gains on investments||11|66,286||66,286|146,429| |NKT INCOME after gains on investments|||421,167|(85,992)|335,175|801,358| |Other recognised gains:||||||| |Re-measurement
offuture remission|liabilities|18||||97,437| |NET MOVEMKNT
IN FUNDS|||421,167|(85,992)|335,175|898,795| |Fund balances brought
forward (unrestricted)
Fund balances brought
forward (resu icted)|||14,765,646|2,431,453|14,765,646
2,431,453|13,857,346
2,440,958| |FUND BALANCES CARRIED FORWARD|||15,186,813|2,345,461|17,532,274|17,197,099| ## |||||Group||Charity| |---|---|---|---|---|---|---| |||Notes|2020|2019|2020|2019| |FIXEDASSETS|||||I|f| |Tangible assets
Investments
Investments
in subsidiaries||10
11
11|16,460,383
2,212,715
-|17,042,483
2,146,429
-|14,205,019
2,212,715
7|14,793,136
2,146,429
7| |CURRENT ASSETS|||18,673,098|19,188,912|16,417,741|16,939,572| |Stocks
Debtors
Cash at bank and in hand||12
13|6,429
784,099
6,298,539|5,052
969,618
6,864,619|6,429
1,380,967
5,543,132|5,052
1,430,244
6,265,756| |CREDITORS: Amounts|falling||7,089,067|7,839489|6,930,528|7,701t052| |due within
one year||14|(4,071,052)|(5,563,871)|(3,541,802)|(5,054,251)| |NET CURRENT ASSETS|||3,018,015|2,275,418|3488,726|2,646,801| |TOTAL ASSETSLESSCURRENT||||||| |LIABILITIES|||21,691,113|21,464,330|19,806,467|19,586473| |CREDITORS: Amounts
due after one year|falling|15|(4,147,259)|(4,206,631)|(1,263,875)|(1,319,826)| |Provisions||18|(11,580)|(60,600)|(11,580)|(60,600)| |NET ASSETS|||17,532,274|17,197,099|18,492,012|18,205,947| |FUNDS||||||| |RESTRICTED||19|2,345,461|2,431,453|2,315,292|2,370,850| |UNRESTRICTED||||||| |Designated
General||19
19|2,232,261
12,954,552|2,174,600
12,591,046|2,232,261
13,944,459|2,174,600
13,660,497| ||||15,186,813|14,765,646|16,176,720|15,835,097| |TOTAL FUNDS|||17,532)274|17r197,099|18,492,012|18,205,947| ## |Cash flows from operating activities:|||||2020|2019| |---|---|---|---|---|---|---| |Net cash (used in) / provided by operating
activities
Interest paid|||||(215,032)
(108,162)|1,506,868
(124,825)| |Net cash (used in) / provided
by operating
activities|||||(323,194)|1/82,043| |Cash flows from investing
activities:||||||| |Dividends,
interest and rents from investments
Transfer to investments
Proceeds from the sale ofproperty,
plant &equipment
Purchase ofproperty,
plant &equipment|||||38,774
(214,698)|49,972
(2,000,000)
97,437
(989,021)| |Net cash used in investing
activities|||||(175,924)|(2,841,612)| |Cash flows from finaacing activities:||||||| |Repayments
ofborrowing
Cash inflows from new borrowing|||||(66,962)|(61,057)| |Net cash used in financing
activities|||||(66,962)|(61,057)| |Change
in cash and cash equivalents
in the reporting|period||||(566,080)|(1,520,626)| |Cash and cash equivalents
at the beginning ofthe reporting|||period||6,864,619|8,385,245| |Cash and cash equivalents
at the end ofthe reportiag||period|||6,298,539|6,864,619| |Reconciliation
ofnet income to net cash flow from|operating|||activities||| |Net cash inflow from operating
activities:|||||2020|2019| |Net income for the reporting
period
Adjustments
for:|||||335,175|898,795| |Depreciation
charges
Other recognised
gains
Dividends,
interest and rents Irom investments
Interest payable
(Increase) / Decrease in stocks
Net gains on investments
Decrease
/ (Increase) in debtors
(Decrease) / Increase in creditors
Decrease in provision|||||796,798
(38,774)
146,631
(1,377)
(66,286)
185,520
(1,523,699)
(49,020)|738,065
(97,437)
(49,972)
152,234
2,903
(146,429)
(50,248)
216,174
(157,217)| |Net cash (used in) / provided
by operating
activities|||||(215)032)|1,506,868| |The notes onpages 28 to 52form part ofthese accounts||||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||Unrestricted|Restricted|2020|2019| |---|---|---|---|---|---|---|---|---| ||||||Funds|Funds|Total|Total| ||Extras
Sundry income||||1,063,473
202,990||1,063,473
202,990|978,911
216,933| ||||||1,266,463||1,266,463|1,195,844| |4|DONATIONS|||||||| ||Donations|comprise|the|following:||||| ||||||Unrestricted|Restricted|2020|2019| ||||||Funds|Funds|Total|Total| ||Designated
Fund donations
Restricted donations
(note
Unrestricted
donations|||(note 19)
19)||137,537|137,537|1,858
242,449| |||||||137,537|137,537|244,307| ## |TOTAL EXPENDITURE|||||| |---|---|---|---|---|---| ||Staff|Deprec-|Other|Total|Total| ||COStS|iation|COStS|2020|2019| |Cost ofgenerating
funds:|||||| |Fundraising
Costs
Finance costs|||95,635
315,238|95,635
315,238|118,110
176,720| ||||410,873|410,873|294,830| |Charitable
activities:|||||| |Teaching
Welfare
Premises
Marketing
and publicity
Support costs ofschooling
Extras tk Trips
Governance
costs|8,540,167
104,284
790,670
828,890|448
12,881
709,170|374,465
655,974
851,313
180,589
842,078
1,063,473
56,812|8,915,080
773,139
2,351,153
180,589
1,670,968
1,063,473
56,812|8,014,653
1,077,177
2,493,029
216,546
1,794,905
978,911
66,357| |Total Expenditure|10,264,011|722,499|4,435,577|15,422,087|14,936,408| ## ## |GOVERNANCE|COSTS|||2020|2019| |---|---|---|---|---|---| |Governance
costs|can be analysed||as follows:||| |Fees payable to auditor —audit &
Indemnity
insurance
Other governance
costs|||other services (see note 9)|37,835
5,564
13,413|44,046
2,736
19,575| |Total||||56,812|66,357| |STAFFCOSTS|||||| |Staff costs can be|analysed|as follows:|||| |Group:|||||| |||||2020|2019| |Wages and salaries
Social security costs
Pension costs||||8,271,435
741,446
1,251,130|7,600,601
722,383
870,219| |Total||||10,264,011|9,193,203| |Charity:|||||| |||||2020|2019| |Wages and salaries
Social security costs
Pension costs||||6,758,905
649,979
1,189,390|6,622,971
660,344
858,638| |Total||||8,598,274|8,141,953| |onthly
average number ofpersons employed,
full|and part time, during
the year was:|| |---|---|---| |Group:||| ||2020|2019| |Educational
Support staff|Number
220
87|Number
207
90| |Total|307|297| |Charity:||| ||2020|2019| |Educational
Support staff|Number
184
78|Number
182
82| |Total|262|264| ## ||||||2020|2019| |---|---|---|---|---|---|---| |f60,001 - f70,000
870,001 - f80,000
f90,001-f100,000
8100,001 - 8110,000
f130,001 - f140,000|||||Number
5
1
1
I|Number
4
3| |f.140,001 - $150,000||||||| |f160,001 - f170,000||||||| |f170,001 - f180,000||||||| ||||||10|| |For these employees
the number||with|retirement|benefits accruing in:||| |Money purchase
schemes was
for which the contributions
amounted|||to||2020
5
f28,020|2019
4
f33,515| |Defined benefit scheme was
for which the contributions|amounted||to||5
f88,744|7
f89,756| ## |8|FINANCE COSTS||||| |---|---|---|---|---|---| |||||2020|2019| |||Unrestricted|Restricted|Total|Total| ||Bank &other loan interest
Other finance costs|146,631
168,607||146,631
168,607|152,234
24,486| |||315,238||315,238|176,720| |9|NET INCOME FOR THE YEAR||||| ||This is stated after charging:||||| |||||||2020|20]9| |---|---|---|---|---|---|---|---| |Depreciation ofowned|assets|||||796,798|738,065| |Auditor's
remuneration|(including|VAT):|||||| |Audit services: fees payable for the
Audit services: fees payable for the
Other services - taxation
and other||audit ofthe Trust's financial
statements
audit ofthe subsidiaries'
financial
statements
services||||26,519
6,276
5,040|29,131
9,490
5,425| |Operating
lease rentals:|||||||| |Plant &machinery||||||37,621|39,193| |||||It||||Pl!||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||||M||||||| |||||M0||||||||||| |||||||M||ICI||||||| |||C||00||||Vl
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Ct| |||||||to||V||||| ## |||2020|2019| |---|---|---|---| |Opening Balance
Transfer offunds from other designated
Transfer offunds from PPET unrestricted
Net gains on investment|funds (see note 19)
reserves|2,146,429
66,286|148,476
1,851,524
146,429| |||2,212,715|2,146,429| |Charity:
Shares at cost|2020f
7|2019
7| |---|---|---| ## ## ||2020|2019| |---|---|---| |TURNOVER|220,048|205,746| |Cost ofsales|149,012|253,990| |GROSS PROFIT / (LOSS)|71,036|(48,244)| |Administrative
expenses||| |OPERATING PROFIT / (LOSS)|71,036|(48,244)| |Interest payable
and similar charges||| |PROFIT / (LOSS)BEFORETAXATION|71,036|(48,244)| |Taxation||| |PROFIT / (LOSS)FORTHE FINANCIAL YEAR
AND RETAINED EARNINGS|71,036|(48,244)| ## ## ## |INVESTMENTS (eontinued)||| |---|---|---| ||2020|2019| |Fixed and Current assets
Current
liabilities|675,795
(653,002)|455,747
(503,990)| ||22,793|(48,243)| |Called up share capital
Profit and loss account|1
22,792|1
(48,244)| ||22,793|(48,243)| ## ## |||2020|2019| |---|---|---|---| |Turnover
Expenditure||41,546
(412)|52,425
(1,240)| |Gross Profit||41,134|51,185| |Administrative|Expenses|(4,078)|(4,939)| |Net profit before taxation||37,056|46,246| |Taxation|||| |Net profit after taxation||37,056|46,246| |Current assets
Current
liabilities||48,002
(10,940)|56,639
(10,387)| |||37,062|46,252| |Called up share capital
Profit and loss account||6
37,056|6
46,246| |||37,062|46,252| ## ## ## |||Unrest-|Rest-||| |---|---|---|---|---|---| |||ricted|ricted|2020|2019| |INCOME:||Funds|Funds|Total|Total| |Income from charitable|activities:||||6| |School Fees receivable
Other educational
income||2,197,772
113,440||2,197,772
113,440|1,371,640
152,984| |Donations|||5,493|5,493|19,643| |Other income||109,045||109,045|| |TOTAL INCOME||2,420,257|5,493|2,425,750|1,544,267| |EXPENDITURE ON:|||||| |Charitable
activities||2,360,340|35,925|2,396,265|1,915,765| |Cost ofraising funds|||||| |Fundraising
Finance costs||81,219||81,219|400
84,899| |TOTAL EXPENDITURE||2,441,559|35,925|2,477,484|2,001,064| |NET MOVEMENT IN|FUNDS|(21,302)|(30,432)|(51,734)|(456,797)| |Fund balances brought
forward (unrestricted)
Fund balances brought
forward (restricted)||(1,067,452)|60,602|(1,067,452)
60,602|(649,271)
99,218| |FUND (DEFICIT) / EARNINGS CARRIED
FORWARD||(1,088,754)|30,170|(1,058,584)|(1,006,850)| ## |||Notes|2020|2019| |---|---|---|---|---| |FIXEDASSETS||||| |Tangible assets|||2,255,364|2,249,348| ||||2,255,364|2,249,348| |CURRENT ASSETS||||| |Debtors|||140,661|71,999| |Cash at bank and in hand|||716669|564 800| ||||857,330|636,799| |CREDITORS: Amounts
year|falling due within one||~3,287 895|~7006,193| |NET CURRENT (LIABILITIES)/ ASSETS|||~430361|~369,394| |TOTAL ASSETSLESS|CURRENT|||| |LIABILITIES|||1,824,799|1,879,954| |CREDITORS: Amounts|falling due after one year||~2.883,383|~2,886,804| |NET LIABILITIES|||~3008,504|~3,006,000| |FUNDS||||| |Restricted|||30,170|60,602| |Unrestricted
Funds||||| |General|||~1088754|~3,067,432| |Total deficit|||~3,0538004|~8,006,800| |STOCKS (G|ROUP AND CHARITY)||||| |---|---|---|---|---|---| |||||2020|2019| |||||f,|| |Goods for resale||||6,429|5,052| |DEBTORS|||||| ||||Group||Charity| |||2020|2019|2020|2019f| |Trade debtors
School fees
Other debtors
Prepayments
and accrued income
Amounts
owed by group undertakings||1,018
171,587
229,967
381,527|22,576
328,545
368,727
249,770|155,682
157,776
323,965
743,544|320,300
353,085
203,036
553,823| |||784,099|969,618|1,380,967|1,430,244| ## |CREDITORS: Am|ounts
falling due within one|year|||| |---|---|---|---|---|---| ||||Group||Charity| |||2020
f|2019|2020|2019
8| |Current
instalments
School fees received
Trade creditors
Taxation and social
Other creditors
Accruals|due on bank loans (note 17)
in advance
security payable|65,297
1,576,530
311,663
206,521
1,692,272
218,769|83,753
2,355,040
954,016
217,555
1,738,987
214,520|48,631
1,315,158
230,398
206,521
1,550,598
190,496|83,753
2,060,184
873,495
217,555
1,627,084
192,180| |||4,071,052|5,563,871|3,541,802|5,054,251| ## |||Group||Charity| |---|---|---|---|---| ||2020|2019|2020|2019| ||f,|||| |Bank loans (note 17)
School fees received in advance|4,109,723
37,536|4,158,228
48,403|1,226,339
37,536|1,271,423
48,403| ||4,147,259|4,206,631|1,263,875|1,319,826| ## ||||Group|Charity| |---|---|---|---|---| |Brought|forward|fees in advance|2,403,443|2,108,587| |Cash received in
Amounts
utilised||2019/20
in 2019/20|1,565,663
(2,355,040)|1,304,291
(2,060,184)| |Carried|forward|fees in advance|1,614,066|1,352,694| ## ## |Bank loan|s repaya|ble
by inst|alments
are due for rep|ayment
as follows:||| |---|---|---|---|---|---|---| ||||||2020|2019| |Repayable
Repayable
Repayable
Repayable|within
within
within
beyond|one year
one to two
two to five
five years|years
years||65,297
147,470
455,271
3,506,982|83,753
1,544,460
1,532,231
1,081,537| ||||||4,175,020|4,241,981| |y:||||||| |oans repayable
by||instalments|are due for repayment|as follows:||| ||||||2020|2019| |||||||8| |Repayable
Repayable
Repayable
Repayable|within
within
within
beyond|one year
one to two
two to five
five years|years
years||48,629
47,470
155,271
1,023,600|83,753
44,460
145,427
1,081,537| ||||||1,274,970|1,355,177| ## ## ## ## |I/n-restricted|Fund|Fund
balance as at
In|Income|Expenditure|Nel Income /
(expenditure)|Adjustments
/ Transfers|Fund
bnlnnce as nt| |---|---|---|---|---|---|---|---| |||September
2019|||||31nAugust
2020| |Gignn
Fund|Bursary|28,171||(8,625)|(8,625)||19,546| |PPS 2030
Fund|Bursary|2,146,429|66,286||66,286||2312,715| |Designated
Total|Funds|2,174,600|66386|(8,625)|57,661||2,232361| |General Fund||12,591,046|15,553,439|(15,189,933)|254315||12,954,552| |Total||14,765,646|15,619,725|(15,198,558)|311,976||15,186,813| ## |Un-restricted|Fund|Fund
balance as at
I"
September|Income|Expenditure|Netlacome/
(expenditure)|Adjustments
/ Transfers|Fund
balance as at
31"August
2019| |---|---|---|---|---|---|---|---| |||2018|||||| |Scbolarsbip|Fund|16,141||(5,665)|(5,665)|(10,476)|| |Ginan
Fund|Bursary|164/13|Irsss||12)58|(13$,000)|28,171| |PPS 2030
Fund|Bursary||146,429||146,429|2,000,000|2,146/)29| |Designated
Total|Funds|180,454|148487|(5,665)|142,622|12)51524|2,174,600| |GeneralFund||13,676,$92|15,444,466|(14478,788)|765,678|(13)51824)|12,591,046| |Total||13,857346|15,592,753|(14,684,453)|908300||14,765,646| ## ## |Restricted Fund|Fund
balance
as at
1aSeptember 2019|Fund
balance
as at
1aSeptember 2019|Income|Expenditure|||Net Income /
(expenditure)|Net Income /
(expenditure)|Adjustments
/ Transfers|Fund balance
as at31"| |---|---|---|---|---|---|---|---|---|---|---| |||||||||||August 2020| |Open Funds||||Amortisation|Other|||||| |Bursary (general)||118,911|62,231||18,298|||43,933||162,844| |Bursary (specific)||141,301|35,615||102,039|||(66,424)||74,877| |Chapel||76,991|3355|||||3,255||80,246| |Entrepreneurial||241,064||||||||241,064| |BigSchool Room||49,040||||||||49,040| |Sports Fund||1,882|||1,244|||(1.244)||638| |Heritage Fund||500|1,931|||101||1,830||2,330| |Gibraltar
- IT A DT||||||||||| |Technology||24,630|||7,508|||(7,508)|(15,275)|1,847| |Gibraltar - Bursary|||5,493||5,493|||||| |Gibraltar - Library||306||||||||306| |Closed Funds||||||||||| |Mansion
Steps||51,841||1,103||||(1,103)||50,738| |Science Project||10,895||1,557||||(1,557)||9,339| |Sports Centre||516,094||11,281||||(11,281)||504,813| |Piano||35,029||929||||(929)||34,099| |College Freehold||119,975||4,004||||(4,004)||115,971| |Old Gymnasium||204,477||6,835||||(6,835)||197,642| |Sixth Form Centre||113,955||3,870||||(3,870)||110,085| |Campaign||521,109||11,580||||(11,580)||509,529| |Organ||39,956||1,200||||(1,200)||38,756| |Chapel
Improvements||74,165||4,478||||(4,478)||69,687| |All Weather Pitch||7,648||423||||(423)||7,225| |Sports Facilities||23,516||2,613||||(2,613)||20,903| |Covid-19 Appeal|||29,012||14,547|||14,465||14,465| |Paragon
Parents
Association||22,500||1,500||||(1,500)||21,000| |Gibraltar
- IT A DT||||||||||| |Technology
- closed||35,668||22,926||||(22,926)|15,275|28,017| |Total||2,431,453|137,537|74,299|149~0|||(85,992)||2/45,461| ## ## ## |~
The Paragon Parents'|~
The Paragon Parents'|~
The Paragon Parents'|Association|Fund was|Fund was|established
to|raise funds towards|raise funds towards|the building|ofthe new| |---|---|---|---|---|---|---|---|---|---|---| |music centre at the Paragon School.||||||||||| |~
The Gibraltar IT&DT Technology
school over the last three years.|||||Fund shows the funds||used to purchase|IT&DT equipment
for the||| |Comparative
position as per 2018/19 Accounts:||||||||||| |Restricted Fund|Income||Expenditure|||Net Income/
(expenditure)|Fund balance
as at1"|Adjustments
/ Transfers||Fund
balance as| ||||||||September|||at31"| ||||||||2018|||August| |||||||||||2019| |Open Fuads|||Amortisatioa||Other|||||| |Bursmy (general)||39,060|||16,666|22,394|183,220||(86,703)|118,911| |Bursary (spemfic)||167,768|||113,170|54,598|||86,703|141,301| |Chapel||7,245|||7,553|(308)|111,159||(33,860)|76,991| |Entrepreneurial|||||2,827|(2,827)|243,891|||241,064| |Big School Room|||||||49,040|||49,040| |Sports Fund||7,132|1.235|||5,897|12,354||(16,369)|1,882| |Heritage
Fund||500||||500||||500| |Gibraltar
—IT&DT
Technology||14,625|||35,561|(20,936)|45,566|||24,630| |Gibraltar
—Bursary||4,637|||4,637|||||| |Gibraltar - Library||382|||226|156|150|||306| |Closed Fuads||||||||||| |Mansion Steps|||1,103|||(1,103)|52,944|||51,841| |Science Project|||1,557|||(1,557)|12,452|||10,895| |Sports Centre|||11,281|||(11,281)|527,375|||516,094| |Piano|||929|||(929)|35,958|||35,029| |College Freehold|||4,004|||(4,004)|123,979|||119,975| |Old Gymnasium|||6,835|||(6,835)|211,312|||204,477| |Sixth Form Centre|||3,870|||(3,870)|117,825|||113,955| |Campaign|||11,580|||(11,580)|532,689|||521,109| |Organ|||1,200|||(1,200)|41,156|||39,956| |Chapel
Improvements|||4,479|||(4,479)|44,784||33,860|74,165| |All Weather Pitch|||423|||(423)|8,071|||7,648| |Sports Faclhties|||2,383|||(2,383)|9,530||16,369|23,516| |Paragon
Parents
Association|||1,501|||(1,501)|24,001|||22,500| |Paragon
Nursery
Fund||1,100|||1,100|||||| |Gibraltar
- IT&DT||||||||||| |Technology
closed|||17,834|||(17,834)|53,502|||35,668| |Total|242,449||70,214|181,740||(9,505)|2,440,95S|||2431,453| ## ||Unrestricted|Restricted|Endowment|Total Funds| |---|---|---|---|---| ||Funds|Funds|Funds|2020| |Tangible Fixed Assets
Investments
Current Assets
Liabilities|14,728,114
2,212,715
6,475,875
(8,229,891)|1,732,269
613,192||16,460,383
2,212,715
7,089,067
(8,229,891)| ||15,1865813|2,345,461||17,532,274| ## ## ## ## ## ## ## ## ## ## ## |||Unrest-|Rest-||| |---|---|---|---|---|---| |||ricted|ricted|2019|2018| |INCOME:
Income from charitable
activities:||Funds|Funds|Total|Total
5| |School Fees receivable
Other educational
income||13,869,392
1,195,844||13,869,392
1,195,844|12,669,577
1,320,823| |Donations||1,858|242,449|244,307|542,172| |Investment
income||49,972||49,972|21,936| |Other trading activities:|||||| |Rents and lettings
Profit on disposal offixed assets||231,822||231,822|300,354
11,926| |TOTAL INCOME||15448,888|242,449|15,591,337|14,866,788| |EXPENDITURE ON:|||||| |Charitable
activities||14,389,624|251,954|14,641,578|13,708,688| |Cost ofraising funds|||||| |Fundrai sing
Finance costs||118,110
176,720||118,110
176,720|94,132
194,002| |TOTAL EXPENDITURE||14,684,454|251,954|14,936,408|13,996,822| |NET INCOME before gains on investments||664,434|(9,505)|654,929|869,966| |Net gains on investments||146,429||146,429|| |NKT INCOME after gains on investments||810,863|(9,505)|801&358|869,966| |Other recognised
gains / (losses):|||||| |Loss on Fixed Assets
Re-measurement
offuture remission|liabilities|97,437||97,437|(178,586)
(324,990)| |NET MOVEMENT IN FUNDS||908,300|(9,505)|898,795|366,390| |Fund balances brought
forward (unrestricted)
Fund balances brought
forward (restricted)||13,857,346|2,440,958|13,857,346
2,440,958|13,779,622
2,152,292| |FUND BALANCES CARRIED FORWARD||14,765,646|2,431,453|17,197,099|16,298404|