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2021-08-31-accounts

Finance and General Purposes Finance and General Purposes Committee (F8GP) Education
Support Committee (ESC)		 Education
Support Committee (ESC)
Mrs C Dure-Smith Chair from 1Jan 2020 Mr L Gamble Chair from 9Jan 2019
Mr BArnold Mrs C Dure-Smith
Mr L Gamble Mrs C L Evans
Mr G Morgan Dr SSmallwood
Col P BWilliams OBE Col P BWilliams OBE

Unrestricted Restricted Total Total
Funds Funds 13m period
2021 2021 2020
Note f f f
Income from:
Donations 175
Charitable
activities		 f 975,171 975 171 2 324 899
Other trading
activities		 63,666
Investments:
bank		 deposit interest
Other 3 31,651 31,651 1,050,430
Total income 1,006,825 1,006,825 3,439,173
Expenditure
on:
Raising funds 21
Charitable
activities		 1,629,092 6,741 1,635,833 3,012,054
Total expenditure 4 1,629,092 6,741 1,635,833 3,012,075
Net expenditure (622,267) (6,741) (629,008) 427,098
Net movement
of Funds
Total funds
brought
1 August 2020		 forward at 2,291,974 6,741 2,298,715 1,871,617
Total funds carried forward
31August 2021		 at 1,669,707 1,669,707 2,298,715

Balance Sheet
Company
number:		 01616533
as at as at
31August 31August
2021 2020
Note E E
Fixed assets
Tangible assets 2,430,127
Current assets
Stocks
295
Debtors 10 169,556 60,173
Cash at bank and in hand 1,584,385 533,318
1,753,951 693,784
Liabilities
Creditors: amounts falling due within one year 11 (20,262) (720,849)
Net current assets/(liabilities) 1,733,889 (27,066)
Total assets less current liabilities 1,733,689 2,403,062
Creditors; amounts falling due after more than one year 13 (37,102)
Provisions
for liabHities		 14 (63,982) (67,245)
Total net assets 1,669,707 2,298,715
Funds ofthe charity
Restricted
fund		 17 6,741
Unrestricted
fund		 1,869,707 2,291,974
Total charIty funds 1,669,707 2,298,715
The notes on pages 17to 28 are an integral pert ofthese financial statements.
Approved
by the Board ofTrustees on 25 May 2022 and signed		 on its behalf by:
Cash Flow Statement
2021 2020
6 8
Cash flows from operating
activities
Net cash provided
by/(used
operating
activities		 in) (744,628) (206,560)
Cash flows from investing
activities
Interest received
Purchase
oftangible
fixed assets		 (26,835) (44,607)
Proceeds from sale oftangible
fixed		 assets 2,000,000 825,195
Net cash used in investing activities 1,973,168 780,591
Cash flows from financing
activities
Repayments
of borrowing		 (277,383) (424,859)
Interest paid on borrowing (3,128) (67,536)
Cash inflows from new borrowing 11,775 265,000
Reduction
oflease liabilities		 (8,735) (9,717)
Net cash provided
by (used
activities		 in) financing (277,471) (237,112)
Change
in cash and cash equivalents
reporting
period		 in the 951,069 336,919
Cash and cash equivalents
at the
reporting
period		 beginning ofthe 633,316 296,397
Cash and cash equivalents
at the end
reporting
period		 ofthe 1,584,385 633,316
Reconciliation
of Net Income/(Expenditure)		 to Net Cash Flow from Operating Activities
2021 2020
f E
Net expenditure
for the reporting
(asper the statement
offinancial		 period
activities)		 (629,008) 427,098
Depreciation 71,136 171,133
(Profit) / Loss on disposal
offixed		 assets 385,827 (815,635)
Interest received from investments (3) (3)
Interest payable
on borrowings		 2,656 66,494
Interest payable
on finance leases		 472 1,042
(Increase)
/ Decease in stock		 296 2,323
(Increase)
/ Decrease
in debtors		 (109,394) 70,042
(Decrease)
/ Increase
in creditors		 (463,347) 36,931
Increase
/ (Decrease)
in Provisions		 (3,263) (165,985)
Net cash provided
by operating		 activities (744,628) (206,560)

Analysis ofchanges
in net debt
At 31July Cashflows Other At 31August
2020 2021
f f
Cash at bank and
in hand		 633,316 951,069 1,584,385
Debt due within one year (265,609) 265,609
Debt due after more than one year
367,707 1,216,678 1,584,385

mic
lives.
The rates
generally
app
gories
and ranges:		 licable
depend
on		 the exact n
Improvements
to property		 3-5'/0
All-weather
pitch, sports equipment		 and playground 8-10'/0
Furniture,
fittings and equipment		 10-20'/o
Motor vehicles 15'/o
Administration
and office equipment		 25'/o
Educational
computer
equipment		 25'/o
School website development
costs		 20'/o
Garden and maintenance
equipment		 15'/o

ncome from ch arit able acti vities
2020
2021
E		 (13months)
f
School fees and associated income
Fees receivable 1,112,564 2,764,678
Less: Bursaries and scholarships (194,676) (542,786)
Net fees receivable 917,888 2,221,892
Other educational income 57,283 103,007
975,171 2,324,899
ncome from other trading activities
2020
2021 (13months)
8 E
Activities for generating funds
Rental and letting income 63,666
Overseas packages
Sale ofadvertising space
63,666
ther income
2020
2021
8		 (13months)
f
Sundry income 21,542 17,099
Grant income 10,109 217,696
Sale oftangible fixed assets 815,635
31,651 1,050,430

l expenditure
is		 a na lysed
as follows:
2021
Staff costs Depreciation Other Total
Raising funds
Overseas package costs
Charitable
activities
Teaching 531,653 11,181 33,548 576.282
Welfare 70,198 105,741 175,939
Premises 44,752 55,905 453,675 554,332
646,603 67,086 592,964 1,306,653
Support costs
Support 8 administration 101,016 4,050 199,253 304,319
Interest payable 2,656 2,656
Finance costs 12,955 12,955
Governance costs 5,050 4,200 9,250
106,066 4,050 219,064 329,180
Total charitable activities 752,669 71,136 812,028 1,635,833
752,669 71,136 784,798 1,635,833
13months to 31 August 2020
Staff costs Depreciation Other Total
Raising funds
Holiday letting costs
Overseas package costs 21 21
21 21
Charitable
activities
Teaching 1,221,677 29,825 86,739 1,338,241
Welfare 161,971 262,545 424,516
Premises 99,981 137,535 272,300 509,816
1,483,629 167,360 621,584 2,272,573
Support costs
Support & administration 267,660 3,774 370,545 641,979
Interest payable 67,536 67,536
Finance costs 17,722 17,722
Governance costs 5,050 7,194 12,244
272,710 3,774 462,997 739,481
Total charitable activities 1,756,339 171,134 1,084,591 3,012,054
1,756,339 171,134 1,084,602 3,012,075

2020
2021
F		 (13months)
f
Staff costs 5,050 5,050
Auditors' remuneration 4.200 7,194
9,250 12,244
irect cha ritable
expendit		 ure
includes		 :
2020
2021 (13months)
6
Leasing costs: vehicles 546 32,038
Leasing costs: office & educational equipment 1,069 6,975
Finance lease charges 7,774 1,042
Depreciation 71,136 171,133
Auditors' remuneration —for statutory audit 4,200 3,960
Auditors' remuneration —for other services 2,550 47,238

he average nu mber ofemp loyees in the year, prior to sale ofthe school (as none thereaf ter) was:
2021 2020
Number Number
Teaching: full time 26 26
Teaching: part time 7 11
Welfare 14 19
Premises 4 5
Administration 8 8
59 69
he aggregate remuneration comprises;
2020
2021
E		 (13months)
f
Wages and salaries 604,752 1,409,119
Social security 52,328 123,536
Pensions 95,589 223,684
Cost ofredundancy 29,230
752,669 1,785,569

Tangible fixed assets
Property
improvements Furniture,
Freehold &new fittings
&		 Motor
property buildings
f.		 equipmentf vehicles
Cost
At 1 September 2020 799,112 4,015,459 10,873 4,799
Additions 26,835
Disposals (799,112) (4,015,459) (10,873) (31,634)
At 31August 2021
Depreciation
At 1 September 2020 2,442,889 5,724 4,799
Charge for the period 55,707 198 2,453
Disposals (2,498,596) (5,922) (7,252)
At31 August2021
Net book value
as at 31August 2021
as at 31 August 2020 799,112 1,572,570 5,149
Admln
&		 Educational
office computer
Websitef equipmentf equipmentf Total
f.
Cost
At 1 September 2020 36,558 10,671 376,564 5,254,036
Additions 26,835
Disposals (36,558) (10,671) (376,564) (5,280.871))
At 31August 2021
Depreciation
At 1 September 2020 22,914 10,671 336,912 2,823,909
Charge for the period 1,597 11,181 71,136
Disposals (24,511) (10,671) (348,093) (2,895,045)
At 31August 20201
Net book value
as at 31August 2021
as at 31 August 2020 13,674 41,652 2,430,127

ebtors
2021f 2020f
Other debtors 512 16,199
Trade debtors 4,060
Prepayments and accrued income 169,054 39,914
169,566 60,173
reditors: Amo unts
fa		 lling due within one year
2021f 2020f
Bank loans 265,609
Trade creditors 7,296 66,959
Fess received in advance 236,416
Social security and other taxes 23,104
Accruals and deferred income 6,870 120,026
Obligations
under finance leases		 8,735
Other creditors 6,096
20,262 720,849

he movement
in		 def erred
income		 is anal ysed as f ollows:
2021f 2020
F
Deferred income at the beginning ofthe reporting period 1,867 42,014
Income released from previous
reporting		 period (1,867) (42.014)
Income deferred in the current reporting period/year 1,867
Deferred income at the end ofths reporting period 1,867
reditors: Amounts falling due after more than one year
2021
F		 2020f
Fees received
in		 advance 35,400
Bank loans
Obligations
under		 finance leases 1,702
37,102

he move ment
in		 provisions is analys ed
as		 follows:
Pension Holiday pay Total
provision provision
2021 2021 2021 2020
E E
Provision at the beginning ofthe reporting period 67,245 67,245 233,230
Amount utilised in the current year (3,263) (3,263) (165,985)
Amount provided in the current year
Provision at the end ofthe reporting period 63,982 63,982 67,245

t current rates of repayment
this loan will be repaid a		 s follows:
2021 2020
E E
Within one year 265,609
One to two years inclusive
Two to five years indusive
Over five years
265,609

2021 2020
E E
Expiring not later than one year 1,188
Expiring later than one year and not later than five years
Expiring later than five years