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|CONTENTS|||
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|Governors'
Report|||
|Report ofthe Independent||Auditors|
|Statement of Financial|Activities||
|Balance Sheet|||
|Cash Flow Statement|||
|Notes to the Financial|Statements||
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|||||Unrestricted|Unrestricted|Funds|Restricted|Restricted|||
|---|---|---|---|---|---|---|---|---|---|---|
||||Notes|General|Desicenated||Funds||Total|Total|
|||||2020||2020|2020||2020|2019|
|||||||E|||f'||
|INCOIIE|||||||||||
|Income from charitable||activities|||||||||
|Fee income||||4,338,027||(94,768)|(8,756)||4,234,503|4,456,217|
|Other income|||3|359,048||-|11,708||370,756|345,273|
|Income from generated||funds|||||||||
|Investment
income||||8,155|||||8, 'I 55|10,497|
|Total income||||4,705,230|~94,768)||2,952||4,613,414|4,811,987|
|EXPENDITURE|||||||||||
|Cost ofgenerating|funds||||||||||
|Fundraising
and publicity|||4|55,912|||||55,912|48,881|
|Charitable
activities|||||||||||
|Direct charitable
expenditure|||5|4,048,804|||||4,048,804|4,139,683|
|Support and governance||costs|6|478,336|||||478,336|425 082|
|Total expenditure||||4,583,052|||||4,583,052|4,613,646|
|Net income before|transfers||||||||||
|Transfers
between|funds|||122,178|~94,768)||2,952||30,362|198,341|
|Transfers
between|funds|||(94,768)||94,768|||||
|Net income before|other|recognised|||||||||
|gains and losses||||27,410|||2,952||30,362|198,341|
|Loss on revaluation|offixed assets||||||||||
|for Charity's
own use|||||||||||
|Net movement
in funds||||27,410|||2,952||30,362|198,341|
|Total funds brought|forward||||||||||
|at 1 September
2019||||4,421,739|3,201,011||4,584||7,627,334|7,428,993|
|Total funds carried|forward||||||||||
|at 31August 2020||||E4,449,149 E3,201,011|||E7,536|E7,657,696 E7,627,334|||
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|||||Notes|2020|2019|
|---|---|---|---|---|---|---|
||||||E|E|
|Fixed assets|||||||
|Tangible Assets|||||6,141,270|6,161,585|
|Current assets|||||||
|Stocks|||||5,763|9,996|
|Debtors||||10|10,040|14,567|
|Prepayments||||10|15,575|50,070|
|Cash at Bank and|In Hand||||2,444,400|2 554, 581|
||||||2,475,778|2,629,214|
|Creditors:|||||||
|Amounts
falling due||within|one year||~650,107)|~758,951)|
|Net current assets:|||||1,825,671|1,870,263|
|Total assets less current|||liabilities||7,966,941|8,031,848|
|Creditors: Amounts||falling|due after more than one year||(137,300)|(138,500)|
|Accruals and deferred income|||||~171,945)|~266,014)|
||||||E7,657,696|57627,334|
|Unrestricted
funds|||||||
|Designated
Funds|||||3,201,011|3,201,011|
|General
Funds|||||3,159,840|3,132,430|
|Revaluation
Reserve|||||1,289,309|1,289,309|
||||||7,650,160|7,622,750|
|Restricted funds||||13|7,536|4,584|
|Total charity funds||||13|F7,657,696|f7,627,334|
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|||||2020||2019|
|---|---|---|---|---|---|---|
|Cash used
in operating|activities|||81,794||541,154|
|Cash flows from investing
activities|||||||
|Interest income||||8,155||10,497|
|Purchase
of tangible
fixed|assets|||~200, 130)||~453,347)|
|Cash provided
by (used|in)||||||
|investing
activities||||)191,975)||~442,650)|
|Cash flows from finance|activities||||||
|(Decrease)/Increase
in cash and cash|||||||
|equivalents
in the year||||(110,181)||98,304|
|Cash and cash equivalents|at||||||
|the beginning
ofthe year||||2,554,581||2,456,277|
|Total cash and cash equivalents|||||||
|at the end ofthe year||||E2,444,400||22,554,581|
|1.
RECONCILIATION|OF NET MOVEMENT|||IN FUNDS TO NET CASH|FLOW FROM|OPERATING|
|ACTIVITIES|||||||
||||||2020|2019|
||||||F|F|
|Net movement
in funds|||||30,362|198,341|
|Add back depreciation||charges|||223,301|205,547|
|Loss on disposal offixed assets|||||||
|Deduct interest income||shown|||||
|in investing
activities|||||(8,155)|(10,497)|
|(Increase)/Decrease|in|stock|||4,233|(1,156)|
|Decrease/(Increase)|in|debtors|||39,022|50,106|
|(Decrease)/Increase|in|creditors|||~206,969)|98,813|
|Net cash used
in operating|||activities||F81,794|541,154|
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||||||||2020||2019|
|---|---|---|---|---|---|---|---|---|---|
|Transport|Fees||||||132,771||173,509|
|Miscellaneous
Income|||||||237,985||171,764|
||||||||F370,756||F345,273|
|4. FUNDRAISING||AND|PUBLICITY|||||||
||||||||2020||2019|
||||||||F||F|
|Marketing|Costs||||||55,912||48,881|
||||||||F55,912||848,881|
|5. DIRECT CHARITABLE EXPENDITURE||||||||||
||||||Staff|Loss on Dis osal|Other|Total|Total|
||||||Costs|of Fixed Assets|Costs|2020
2019||
||||||E||E|E||
|Teaching|Salaries and Costs|||2,698,009||97,621|264,197
3,059,829||3,018,275|
|Estate Salaries||and Costs|||134,765|124,028|268,466|527,259|594,860|
|Transport|Costs||||||184,227|184,227|246,233|
|Catering|Salaries and||Costs||46,539|1,382|143,592|191,513|200,310|
|Utilities Costs|||||||85,976|85,976|80,005|
|||||E2,879,313||F223,031|6946,460 E4,048,804||E4,139,683|
|. SUPPORT|AND GOVERNANCE|||COSTS||||||
||||||||2020||2019|
||||||||F|||
|Support Costs:||||||||||
|Salaries and Office Costs|||||||405,536||374,189|
|Finance|||||||14,289||8,081|
|Governance|Costs:|||||||||
|Legal and Professional|||Fees||||41,891||24,292|
|Audit and Accountancy|||Fees||||16,620||18,520|
||||||||2478,336||F425,082|
||||||||2020||2019|
|Total Staff|Costs|Comprised:||||||||
|Wages and|Salaries||||||2,470,748|2,408,906||
|Social Security Costs|||||||245,183||241,442|
|Pension Costs|||||||465,503||339,364|
||||||||E3,181,434|F2,989,712||
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|The average|number|number|ofemployees,|ofemployees,|ofemployees,|ofemployees,|analysed|by|function,|was:|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||||2020||2019||
|Teaching||||||||||||||||53|50||
|Estate||||||||||||||||4|4||
|Management||and|Administration||||of Charity|||||||||7|7||
|Catering||||||||||||||||3|||
|||||||||||||||||67|61||
|7. OPERATING SURPLUS|||||||||||||||||||
|The operating||surplus||is|stated|after charging:|||||||||||||
|||||||||||||||2020|||2019||
|||||||||||||||F|||E||
|Depreciation
ofTangible|||||Fixed|Assets and||loss on disposal of fixed assets||||||223,031||205,547|||
|Coach Hire||||||||||||||184,227||246,233|||
|Auditors'
—Remuneration||||||||||||||6,000|||5,650||
|—Accountancy||||||||||||||10,020|||12,870||
|8. TAXATION|||||||||||||||||||
|Due to the|nature ofthe charity's||||||activities there is no corporation||||tax|liability||arising|on|the charity's|surplus|for|
|the year.|||||||||||||||||||
|, TANGIBLE|FIXEDASSETS||||||||||||||||||
||||||||||||Fixtures|||IT|||||
||||||||||||Fittings||8|Equipment|||||
||||||Freehold||||Freehold||Other|||8 Software|||||
||||||Land||||B~ildinqs||EttEui|ment|||||Totals||
||||||||||||||||||E||
|COST/VALUATION|||||||||||||||||||
|At 1 September||2019||||1,925,000|||3,963,911||441,599||||344,571||6,675,081||
|Additions|||||||||99,488|||11,022|||92,206||202,716||
||||||1,925,000||||4,063,399||452,261||||436,777||6,877,797||
|DEPRECIATION|||||||||||||||||||
|At 1 September||2019|||||||115,502||220,683||||177,311||513,496||
|Charge
for Year|||||||||120,034||44,210||||58,787||223,031||
||||||||||235,536||264,893||||236,098||736,527||
|NET BOOK|VALUES||||||||||||||||||
|At 31 August|2020||||1,925,000||||3,827,863||187,728||||200,679||6,141,270||
|At 31 August|2019||||1,925,000||||3,848,409||220,916||||167,260||6,161,585||
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|DEBTORS|||||
|---|---|---|---|---|
||||2020|2019|
||||E||
|Due within one year:|||||
|Fees Receivable|||10,040|14,567|
|Prepayments|and Accrued|Income|15,575|50 070|
||||225,615|664,637|
||||225,615|664,637|
|---|---|---|---|---|
|There were no amounts||falling due after more than one year.|||
|CREDITORS|||||
|Amounts
falling due within one year|||||
||||2020|2019|
||||E|E|
|Fees in Advance|||535,324|655,255|
|Social Security and Pension Costs|||114,783|103,696|
||||650,107|758,951|
|Other Creditors|and Accruals||171,945|266,014|
||||f822,052|E1,024,965|
|Amounts
falling due after one year:-|||||
|Other creditors|||F137,300|F138,500|
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|nine Governors
w|ho are li|m|ited to E1 liability e|ach.||||
|---|---|---|---|---|---|---|---|
|13. STATEMENT OF|FUNDS||||Outgoing|||
||||Balance at|Incoming|Resources||Balance at|
|||1|Se tember 2019|Resources|~ioc losses|||
|General
Funds||||||||
|Unrestricted
Fund|||3,132,430|4,705,230|(4,583,052)|(94,768)|3,159,840|
|Revaluation
Reserve|||1,289,309||||1,289,309|
|Designated
Funds||||||||
|Bursaries
and Scholarships|||98,000|(94,768)||94,768|98,000|
|Miscellaneous|||3,011||||3,011|
|Capital
Equipment||||||||
|Replacement
Fund|||100,000||||100,000|
|Development
Fund|||3,000,000||||3,000,000|
|Total Unrestricted|Funds||7,622,750|4,610,462|(4,583,052)||7,650,160|
|Restricted
Funds||||||||
|Covid 19Hardship|Fund|||11,708|(8,756)||2,952|
|Miscellaneous|||4,584||||4,584|
|Total Restricted Funds|||4,584|11,708|~8,758||7,536|
|Total Funds|||E7,627,334|F4,622,170|E4,591,808||F7,657,696|
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