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|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||
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|||||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|
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|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|
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|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|
##
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##
|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|
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|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|
##
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|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|
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##
|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|
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|||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|||
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