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|CONTENTS|||Pacaes|
|---|---|---|---|
|Governors'
Report|||1 —13|
|Report ofthe Independent||Auditors|14-17|
|Statement
of Financial|Activities||18|
|Balance Sheet|||19|
|Cash Flow Statement|||20-21|
|Notes to the Financial|Statements||22 - 31|
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||Nt||Unrestricted
Funds
G
1
GGIG
tt**d**|Unrestricted
Funds
G
1
GGIG
tt**d**|Unrestricted
Funds
G
1
GGIG
tt**d**|Restricted
9
d|Restricted
9
d|Ttl|Total|
|---|---|---|---|---|---|---|---|---|---|
||||2021||2021|2021
F||2021
f.|2020
f|
|INCOME||||||||||
|Income from charitable
activities
Fee income
Other income||3|4,614,940
331,503||(163,473)|(2,952)||4,448,515
331,503|4,234,503
370,756|
|Income from generated
funds
Investment
income|||1,299|||||1,299|8 155|
|Total income|||4947,742|~163,473)||~2„962)||4,791317|4613414|
|EXPENDITURE||||||||||
|Cost ofgenerating
funds
Fundraising
and publicity||4|46,592|||||46,592|55,912|
|Charitable
activities
Direct charitable
expenditure||5|4,100,898|||||4,100,898|4,048,804|
|Support and governance
costs||6|475,533|||||475,533|478 336|
|Total expenditure|||4,623,023|||||4623,023|4 583,052|
|Net income before transfers
Between funds|||324,719||~163,473)|~2,952)||158,294|30362|
|Transfers
between
funds|||(163,473)||163,473|||||
|Net income before other recognised
gains and losses|||161,246||||(2,952)|158,294|30,362|
|Loss on revaluation
offixed assets||||||||||
|for Charity's
own use||||||||||
|Net movement
in funds|||161,246||||(2,952)|158,294|30,362|
|Total funds brought forward
at 1 September 2020|||4,449,149|3201,011|||7,536|7,657,696|7,627,334|
|Total funds carried forward
at 31August 2021|||F4,610,395|F3,201,011|||f4,584|F7,815,990|F7,657,696|
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|||||Notes|2021f||2020|
|---|---|---|---|---|---|---|---|
|Fixed assets
Tangible Assets|||||7,077916||6~141,270|
|Current assets
Stocks
Debtors
Prepayments
Cash at Bank and In|Hand|||10
10|10,770
6,501
28,673
3,629,388||5,763
10,040
15,575
2444,400|
||||||3,675,332||2,475,778|
|Creditors:
Amounts
falling due|within||one year||~990,530)||~650,107)|
|Net current assets:|||||2,684,802||1 825,671|
|Total assets less current|||liabilities||9,762,718||7,966,941|
|Creditors: Amounts|falling||due after more than one year|11|(1,126,700)||(137,300)|
|Accruals and deferred||income|||~820,028)||~171,945)|
||||||E7815990|,|E7,657,696|
|Unrestricted
funds
Designated
Funds
General
Funds
Revaluation
Reserve||||15|3,201,011
3,321,086
1289309||3,201,011
3,159,840
1 289,309|
||||||7,811,406||7,650,160|
|Restricted funds||||15|4,584||7,536|
|Total charity funds||||15|97815990||67,657696|
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|3.|ANALYSIS OF CHANGES|ANALYSIS OF CHANGES|ANALYSIS OF CHANGES|IN NET DEBT||||
|---|---|---|---|---|---|---|---|
||||||At1.9.20|Cash flow|At 31.08.21|
||||||E||F|
||Net cash|||||||
||Cash at bank and|in hand|||2 444,400|1,184,988|3.629,388|
||||||2444400|1.184,988|3,629,388|
||Debt|||||||
||Debts falling due
Debts falling due|within
1 year
after 1 year||||(220,000)
~980„000)|(220,000)
~980„000)|
|||||||~1.200,000|)) 200 000)|
||Total|||||||
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||Unrestricted
fun|ds can be used
in accordance
with the cha|ds can be used
in accordance
with the cha|ritable
|obje|ctives a|t the discretion|ofthe Governors.|
|---|---|---|---|---|---|---|---|---|
||Restricted
funds|can only be used for particular
purposes||within|the|objects|of the charity.|Restrictions
arise|
||when specified|by|the donor or when funds are raised for particular||purposes.||||
||Further explanation||ofthe nature and purpose ofeach fund is included|||in the|notes to the financial statements.||
|3.|OTHER INCOME||||||||
||||||||2021
f|2020f|
||Transport Fees
Miscellaneous
Income||||||143,610
187,893|132,771
237 555|
||||||||5331 503|5370 755|
|4.|FUNDRAISING|AND PUBLICITY|||||||
||||||||2021
F|2020f|
||Marketing
Costs||||||46,592|55,912|
||||||||F46,592|F55,912|
|5.|DIRECT CHARITABLE|EXPENDITURE|EXPENDITURE|Staff|~Di
~DDi|ti|Il|I|6th
Total|Total|
|---|---|---|---|---|---|---|---|---|---|---|
|||||Costs
f|of Fixed Assets
f||||Costs
f
2021
F|2020
f|
||Teaching Salaries and Costs
Estate Salaries and Costs||2,681,615
139,725||92,704
117,780||||256,605
339,780
3,030,924
597,285|3,059,829
527,259|
||Transport Costs
Catering Salaries and
Utilities Costs|Costs|102,977||1,314||||209,961
75,569
112 868
209,961
179,860
82 868|184,227
191,513
85976|
||||82,924317||8211798||||5964,783 84100,898|84048,80,4|
|6.|SUPPORT AND GOVERNANCE||COSTS||||||||
||||||||||2021|2020|
|||||||||||F|
||Support Costs:
Salaries and Office Costs||||||||405,301|405,536|
||Finance||||||||17,167|14,289|
||Governance
Costs:||||||||||
||Legal and Professional
Audit and Accountancy|Fees
Fees|||||||37,141
15,924|41,891
16,620|
||||||||||475 533|8478 336|
||||||||||2021|2020|
||||||||||F|f|
||Total Staff Costs Comprised:
Wages and Salaries
Social Security Costs
Pension Costs||||||||2,543,140
258,055
437 296|2,470,748
245,183
465 503|
||||||||||83,238 491|93,181434|
|One|employee|earned|between f60,000 and F70,000 per annum|between f60,000 and F70,000 per annum|between f60,000 and F70,000 per annum|||
|---|---|---|---|---|---|---|---|
|One|employee|earned|between f90,000 and F100,000 per annum|||||
|The|average
number||ofemployees,|analysed|by function, was:|2021|2020|
||Teaching
Estate|||||52
4|53
4|
||Management
and
Catering||Administration|of Charity||6
4|7
3|
|||||||66|67|
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|OPERATING SURPLUS|||
|---|---|---|
|The operating
surplus
is stated afier charging:|2021
f|2020
6|
|Depreciation
ofTangible Fixed Assets and loss on disposal offixed assets
Coach Hire|211,798
209,961|223,031
184,227|
|Auditors'
- Remuneration|6,100|6,000|
|-Accountancy|9,824|10020|
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|TANGIBLE FIXEDASS|ETS|||||
|---|---|---|---|---|---|
||||Fixtures|IT||
||||Fittings
&|Equipment||
||Freehold|Freehold|Other|&Software||
||Land
E|Buildinc
ss|~Ei
t||Totals
f|
|COSTNALUATION||||||
|At 1 September 2020|1,925,000|4,063,399|452,261|436,777|6,877,797|
|Additions||1,086,375|16,113|45,956|1,148,444|
||1,925,000|5,149,774|468,734|482,733|8,026,241|
|DEPRECIATION||||||
|At 1 September 2020||235,536|264,893|236,098|736,527|
|Charge for Year||116,145|34,431|61,222|211,798|
|||351,681|299,324|297,319|948,325|
|NET BOOK VALUES||||||
|At 31 August 2021|1,925,000|4,798,093|'I69,410|185,414|7,077,910|
|At 31 August 2020|1,925,000|3,827,863|187,728|200,679|6,141,270|
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|10. DEBTORS||||||
|---|---|---|---|---|---|
|||||2021|2020|
|Due within one year:
Fees Receivable||||6,501|10,040|
|Prepayments
and|Accrued||Income|28,673|15575|
|||||635,174|f25615|
|There were no amounts||falling due after more than one year.||||
|11. CREDITORS||||||
|Amounts
falling due within|||one year|2021|2020|
|||||F|8|
|Bank Loan (see
Fees in Advance|note|12)||220,000
661,776|535,324|
|Social Security and Pension Costs||||108,754|114,783|
|||||990,530|650,107|
|Other Creditors|and Accruals|||820,028|171,945|
|||||61~810,558|F822,052|
|Amounts
falling|due after||one yean-|||
|Bank loan||||980,000||
|Other creditors||||146,700|137,300|
|||||61~126700|F137300|
|12.
LOANS||||||
|An analysis ofthe maturity||of|loans is given below:|2021
6|2020
f|
|Amounts
falling due
Bank loan|within|one year or on demand:||220,000||
|Amounts
falling due between
Bank loan -1-2 years|||one and two years:|240 000||
|Amounts
falling due between
Bank loan -2-5 years|||two and five years:|720,000||
|Amounts
falling due|in more than five years:|||||
|Repayable
by instalments||||||
|Bank loan more than
instalments|5years||by|20,000||
|||||20,000||
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|STATEMENT OF FUNDS|STATEMENT OF FUNDS|||||Outgoing||||
|---|---|---|---|---|---|---|---|---|---|
||||Balance at||Incoming|Resources|||Balance at|
|||~76|t|0
2020|Resources||7|I|~318
t2021|
|||||6||||||
|General Funds||||||||||
|Unrestricted
Fund|||3,159,840||4,947,742|(4,623,023)|(163,473)||3,321,086|
|Revaluation
Reserve|||1,289,309||||||1,289,309|
|Designated
Funds||||||||||
|Bursaries and Scholarships||||98,000||(163,473)|163,473||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||7,650,160||4,947,742|(4,786,496)|||7,811,406|
|Restricted Funds||||||||||
|Covid 19Hardship|Fund|||2,952|(2,952)|||||
|Miscellaneous||||4 584|||||4,584|
|Total Restricted Funds||||7536|2,952||||4,584|
|Total Funds|||87,657,696||54 944790|8~4,786,496||—|57815990|
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|At 31|August 2020 the total ofthe Charity's
future|committed
payments
are:||
|---|---|---|---|
|||2021|2020|
|Less|than one year|4,131|9,660|
|One|to five years|248|4,379|
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