2020-08-31-accounts - Mayville High School Limited

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						31.08.20	31.08.19
					Notes
Net income/(expenditure) forthe reporting			period (as pe	rthe statement	of
financia activftles						78,241	180,016
Adjustments for:
Depreciation charges						63,786	72,724
Loss on disposal of	fixed assets						1,179
Interest received						(4,412)	(3,107)
Decrease/(increase)	in stocks						4,995
Decrease/(increase)	in debtors					(89,915)	150,340
(Decrease)/increase	ln creditors					163,212	(37,469)
Net cash provided	by (used in) operating	activities				210,912	368,678

Ma	ille Hi h School Limited	ille Hi h School Limited
Notes to the Financial Statements			-continued
For	the Year Ended 31Au	ust
2020
4.	INVESTMENT INCOME
				31.08.20			31.08.19
				E			E
	Deposit account interest			4,412			3,107
5.	INCOME FROM CHARITABLE ACTIVITIES
				31.08.20			31.08.19
					E		E
	School fees receivable	-from	school activities	4,561,315			4,681,913
6.	OTHER INCOME
				31.08.20			31.08.19
				E			E
	Coronavirus Job Retention Scheme grant			153,894
7.	CHARITABLE ACTIVITIES COSTS
				I
			Direct	Grant funding of l		Support costs
			costs	activities	(See note 8)	(See note 9)	Totals
						E	E
	School activities		3,205,182	1,062,225		226,131	4,493,538
B.	GRANTS PAYABLE
						31.08.20	31.08.19
						E	E
	School activities					1,062,225	778,734
9.	SUPPORT COSTS
			Management	Finance		Governance costs	Totals
			E		E		E
	School activities		171,261	3,520		51,350	226,131
				Page 1

Ma	ille Hi h School Limited	ille Hi h School Limited
Notes to the Financial Statements				-continued
for the Year Ended 31Au ust			2020
13.	FIXEDASSETS
			Freehold		Long	Improvements	Equipment	Minibuses	Total
			Property		Leasehold	to property
				E	E	E	E	E	E
	COST
	At 1September 2019		1,058,693		24,576	627,632	744,311	146,317	2,601,529
	Additions						12,809	21,600	34,409
	Disposals
	At 31August 2020		1,058,693		24,576	627,632	757,120	167,917	2,635,938
	DEPRECIATION
	At 1September 2019			601,441	24,576	313,101	744,311	90,156	1,773,585
	Charge for year			21,174		12,553	12,809	17,250	63,786
	Eliminated on disposal
	At 31August 2020			622,615	24,576	325,654	757,120	107,406	1,837,371
	NET BOOK VALUE
	At 31August 2020			436,078		301,978		60,511	798,567
	At 31August 2019			457,252		314,531		56,161	827,944
14. STOCKS
								31,08.20	31.08.19
								E	f
	Stocks							300	300
15. DEBTORS:AIVIOUNTS		FALLING DUE WITHIN ONE YEA
								31.08.20	31.08.19
	Trade debtors							72,895	76,320
	Other debtors							265,306	171,966
								338,201	248,286
					Page	1

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE	YEAR
	31.08.20	31.08.19
	E
Payments on account	26S,484	137,342
Trade creditors	44,685	43,814
Social security and other taxes	51,194	54,863
Other creditors	236,527	198,659
	597,890	434,678

Minimum lease payments under	non-cancellable ope	rating leases fall	due as follows:
	I
			31.08.20	31.08.19
			E	E
Within one year			153,&52	155,058
Between one and five years			604,034	607,886
In more than five years				150,000
			757,886	912,944
MOVEMENTS IN FUNDS
	At 01.09.19	Net movement in funds	Transfers between funds	At 31.08.20
Unrestricted funds
General Reserve	1,335,501	78,241	6,500	1,420,242
Scholarship Reserve	285,000			285,000
Issued Share Capital	1,000			1,000
MUGA Reserve	80,76&		(6,500)	74,268
TOTAL FUNDS	1,702,269	78,241		1,780,510
Net movement in funds included	in the above are as	follows
	I	Incoming	Resources	Movement	in
		resources	expended	funds
			E
Unrestricted funds
General reserve		4,571,779	4,493,538	78,241
TOTAL FUNDS		4,571,779	4,493,538	78,241

		i At	Net movement	Transfers	Transfers	At
		01.09.18	in funds	between	funds	31.08.19
Unrestricted	funds
General Reserve		1,149,985	180,016	5,500		1,335,501
Scholarship	Reserve	285,000				285,000
		t
Issued Share	Capital	' 1,000				1,000
MUGA Reserve		86,268		(5,500)		80,768
TOTAL FUNDS		1,522,253	180,016			1,702,269

		31.08.20	31.08.20	31.08.19	31.08.19
		E		E
INCOME AND ENDOWMENT5
Donations and legacies
Donations			6,052		5,081
Investment Income
Deposit account interest Other income			4,412		3,107
Government grants	receivable		153,894
Charitable activities School fees receivable		4,561,315		4,681,913
Total incoming resources		4,725,673		4,690,101
EXPENDITURE
Charitable activities
Wages		2,368,191		2,406,821
Social security			174,590		196,128
Pensions			132,786		127,925
Rent			152,487		146,650
Rates and water			20,569		17,595
Insurance			31,377		29,974
light and heat			30,655		35,632
Telephone			908		2,693
Postage, stationery	and advertising		52,585		80,207
Computer expenses			71,986		73,249
Household and cleaning			11,770		10,318
Repairs L maintenance			18,920		36,579
Minibus expenses			26,454		34,346
Provisions			37,716		54,136
Uniforms and pupil	expenses		106,707		132,487
Licences and subscriptions			13,070		16,125
Training			5,188		8,600
Inspection fees			4,998		5,020
Staff expenses			6,859		8,312
Bad debts and debt	collection costs		27,474		35,404
Carried forward		3,295,290		3,458,201

Detailed Statement of Financial	Detailed Statement of Financial	Activities	Activities
For the Year Ended 31Au ust 2020
				31,08.20	31.08.19
Charitable activities
Brought forward				3,295,290	3,458,201
Freehold property depreciation				21,174	21,174
Improvements to property	depreciation			12,553	11,988
Equipment depreciation				17,250	20,734
Minibuses depreciation				12,809	18,828
(Profit)/Loss on sale oftangible		fixed assets			1,179
Scholarships and assisted places				1,062,225	778,734
				4,421,301	4,310,838
Support costs
Management
Wages				146,250	154,932
Socialsecurity				13,721	13,839
Pensions				5,290	4,500
Donations				6,000	6,000
				171,261	179,271
Finance
Sundries				193	140
Bank charges				3,327	3,621
				3,520	3,761
Governance
Auditors' remuneration				5,240	4,000
Auditors' remuneration for	non-audit		work
Accountancy and legal fees				46,110	12,215
				51,350	16,215
				4,647,432	4,510,085
Net income/(expenditure)				78,241	180,016