2021-08-31-accounts

Reference and Administrative	Reference and Administrative	Details
Strategic Report			2to4
Trustees' Report			5 to 8
Statement. ofTrustees'	Responsibilities
Independent Auditors'	Report		10to 12
Statement ofFinancial	Activities		13to 14
Balance Sheet			15
Statement ofCash Flows			16
Notes to the Financial	Statements		17to 30

			Reference and	Reference and	Administrative	Administrative	Administrative	Administrative	Administrative	Details	Details
				Juliet Crittenden
				Nicola Edgcombe
				Robert Worthington
				Ben Whately
Secretary				Julie Thomas
Senior Management		Team		School Leadership			Team
Principal	Once			Hood Manor
				Dartington
				Devon
				TQ9 6AB
Registered	Office			Hood Manor
				Dartington
				Devon
				TQ96AB
				The charity	is	incorporated			in England		and Wales,
Company	Registration		Number	1693887
Charity Registration			Number	286434
Solicitors				Michelmores		LLP
				Education Team Exeter
				Woodwater	House
				Pynes Hill
				Exeter
				EX2 SWR
Bankers				National Westminster				Bank	pic
				9 Fore Street
				Totnes
				Devon
				TQ9 SYW
Auditor				Manningtons
				Statutoty auditor
				39High Street
				Battle
				East Sussex
				TN33 OEE

				and Los	ses)
					Unrestricted	Restricted	Total
				Note	fundsf	funds	2021
Income and Endowments		from:
Donations and legacies					4,431	48,480	52,911
Charitable activities					957,929		957,929
Activities for generating		funds			129		129
investment income					2		2
Total income					962,491	48,480	1,010,971
Expenditure on:
Charitable activities					(1,066,839)	(52,376)	(1,119,215)
Historcial bad debt	provision		unwinding		149,722		149,722
Total expenditure					(917,117)	(33,336i	~(969,493
Net income/(expenditure)					45,374	(3,896)	41,478
Transfers between	funds				26,000	(26,000)
Net movement in funds					71,374	(29,896)	41,478
Reconciliation offunds
Total funds brought	forward				1,042,956	35,000	1,077,956
Total funds carried	forward			23	1,114,330	5,104	1,119,434

					and L	osses)
						Unrestricted	Restricted	Total
						funds	funds	2020
					Note
Income and Endowments			from:
Donations and legacies						7,476	184,835	192,311
Charitable activities						919,157		9]9,157
Activities for generating		funds				11,072		11,072
Investment income						236		236
Total income						937,941	184,835	1,122,776
Expenditure on:
Raising funds						(1,172)		(1,172)
Charitable activities						(1,181,130)	(184,835)	(i365,965)
Historcial bad debt	provision			unwinding		7,323		7,323
Total expenditure						~(1,174,979	~184,833)	1,359,814)
Net expenditure						~237,038		(237,038)
Net movement in funds						(237,038)		(237,038)
Reconciliation offunds
Total funds brought	forward					If79,994	35,000	1,314,994
Total funds carried	forward				23	1,042,956	35,000	1,077,956

					2021	2020
				Note
Fixed assets
Tangible assets				16	1,660,834	1,718,367
Current assets
Debtors				17	479,833	45,430
Cash at bank	and in hand			18	35,347	45,198
					515,180	90,628
Creditors: Amounts		falling due within one year		19	597,857	306303)
Net current	liabilities				(82,677)	(215,575)
Total assets	less current		liabilities		1,578,157	1,502,792
Creditors: Amounts		falling due after more than one year		20	(458,723)	(424,836)
Net assets					1,119,434	1,077,956
Funds ofthe	charity:
Restricted income funds
Restricted funds				23	5,104	35,000
Unrestricted	income	funds
Unrestricted	funds				1,114,330	1,042,956
Total funds				23	1,119,434	1,077,956

Statement	ofCash F	lows for the	Year Ended 31	August 2021
				2021	2020
			Note
Cash flows from operating activities
Net cash income/(expenditure)				41,478	(237,038)
Adjustments to cash flows from non-cash		items
Depreciation			7,9	52,844	57,542
Investment income			6	(2)	(236)
Loss on disposal oftangible fixed assets				4,689
				99,009	(179,732)
Working capital adjustments
(Increase)/decrease in debtors			17	(434,403)	21,782
Decrease in creditors			19	(4,972)	(54,664)
Increase in deferred income			20	309,293	39,949
Net cash flows from operating	activities			(31,073)	(172,665
Cash flows from investing activities
Interest receivable and similar	income		6		236
Purchase oftangible fixed assets			16		(4379)
Net cash flows &om investing	activities				(4,143)
Cash flows from flinancing activities
Value ofnew loans obtained	during the period			60,000	50,000
Repayment ofloans and borrowings			19	(38,780)	2,527
Net cash flows from financing	activities			21,220	52,527
Net decrease in cash and cash equivalents				(9,851)	(124,281)
Cash and cash equivalents at	1 September			45,198	169,479
Cash and cash equivalents at	31 August			35,347	45,198

3	Income fro	m	donations		and legaci	es
						Vnrestricted
						funds	Restricted		Total	Total
						General	funds		2021	2020
						K				f,
Donations and		legacies;
	Appeals and	Donations				4,431			4,431	7,476
Grants, including			capital grants;
	Government	grants					48,480		48,480	184,835
						4,431	48,480		52,911	192,311
4	Income from		charitable		activities
							Unrestricted
							funds		Total	Total
							General		2021	2020
	Education						924,021		924,021	879,101
	Summer school									500
	Letting ofnon-investment			property			14,170		14,170	16,465
	Other						19,738		19,738	23,091
							957,929		957,929	919,157
5	Activities for		generating		funds
							Unrestricted
							funds		Total	Total
							General		funds	2020
Events income;
	Fundraising	events						129	129	11,072
								129	129	11,072
6	Investment	income
							Unrestricted
							funds		Total	Total
							General		2021	2020
Interest receivable			and similar		income;
	Interest receivable on bank				deposits					236

a) Costs of	tradi	ng activities
						Total	Total
						2021	2020
					Note
Fundraising	trading costs;
Fundraising							1,172
							1,172
8 Expenditure		on charitable	activities
				Unrestricted
				funds	Restricted	Total	Total
				General	funds	2021	2020
		Note		f
Education				240,421	3,896	244,317	220,192
Depreciation,
amortisation	and
other similar	costs			57,534		57,534	57,542
Staffcosts				654,388	48,480	702,868	914,025
Governance	costs	10		114,496		114,496	]74,206
				1,066,839	52,376	1,119,215	1,365,965

9 His	torica	l b	ad de	bt provision unwinding
					Unrestricted
						Total	Total
					General	2021	2020
current	year	bad	debt	reduction	(149,722)	(149,722	7,323

					Unrestricted
					funds	Total	Total
					General	2021f	2020
Staffcosts
Compensation	payments						79,715
Other staff costs					4,532	4,532	3,828
Audit fees
Audit ofthe financial		statements			10,800	10,800	12,000
Accountancy					3,000	3,000	2,820
Legal fees					59,003	59,003	42,493
Marketing and publicity					529	529	3,550
Other governance	costs				36,632	36,632	29,800
					114,496	114,496	174,206
11 Net incoming/outgoing			resources
Net incoming/(outgoing)			resources for the year include:
						2021f	2020f
Audit fees						10,800	12,000
Loss on disposal	offixed		assets held for the charity's	own	use	4,690
Depreciation offixed assets						52,844	57,542

13 Staffcosts The aggregate	payroll costs were as follows:
		2021	2020
		K
Staffcosts during the year were:
Wages and salaries		644,257	841,668
Social security	costs	46,432	57,722
Pension costs		12,179	14,635
Compensation	payments		79,715
Other staff costs		4,532	3,828
		707,400	997,568

the year e	xpressed as full time equivalents was as f	ollows:
		2021		2020
		No		No
Charitable	activities		40		53

14 Auditors' remuneration	14 Auditors' remuneration
		2021	2020
		f,
Audit ofthe financial	statements	10,800	12,000
Other fees to auditors
All other non-audit services		3,000	2,820

16 Tangible fixed assets
	Land and	Furniture and
	buildings	equipment	Total
Cost
At 1 September 2020	2,253,828	221,321	2,475,149
At 31 August 2021	2,253,828	221,321	2,475,149
Depreciation
At 1 September 2020	559,293	202,178	761,471
Charge for the year	44,815	8,029	52,844
At 31 August 2021	604,108	210,207	814,315
Net book value
At 31 August 2021	1,649,720	11,114	1,660,834
At 31 August 2020	1,694,535	19,143	1,713,678
17 Debtors
		2021	2020
Trade debtors		468,225	38,002
Prepayments		11,477	3,793
Other debtors		131	3,635
		479,833	45,430
1$ Cash and cash equivalents
		2021	2020
		f,
Cash on hand		59	285
Cash at bank		34,914	43,042
Short-term deposits		374	1,871
		35,347	45,198

19 Creditors: amou	nts	falling due w	ithin one yea	r
					2021	2020
					E
Bank loans					25,466	22,118
Trade creditors					115,874	124,959
Other loans					7,951	23,966
Other taxation and social		security			83,263	68,527
Other creditors					2,261	5,849
Accruals					13,800	20,835
Deferred income					349,242	39,949
					597,857	306303
Creditors due within	one	year includes	the following	liabilities, on which security	has been given by the charity:
					2021	2020
Bank loan					19,910	18,785
Other Loan					7,951	23,966
					27,861	42,751
20 Creditors: amounts		falling due after one year
					2021	2020
Bank loans					373,777	397,315
Other loans					84,946	27,521
					458,723	424,836
Included in the creditors		are the following amounts		due after more than five years:
					2021	2020
After more than five	years by instalments				(314,896)	(222,400)
Bank loans and overdraits after five			years
Bank loans are a combination of2 loans as follows:

Operating	lease commitments	lease commitments
Total future	minimum	lease payments	under non-cancellable	operating	leases are as follows:
					2021	2020
Other
Within one	year				3,184	3,184
Between one and five		years			5,572	8,756
					8,756	11,940

23 funds
	Balance at 1				Balance at
	September	Incoming	Resources		31August
	2020	resources	expended	Transfers	2021
		K		K	E
Unrestricted
General
General fund	1,042,956	962,491	(917,117)	26,000	1,114,330
Restricted
Bursary fund	14,000			(14,000)
Arts and crafts	9,000		(3,896)		5,104
Covid Grants		48,480	(48,480)
Upper school development	12,000			(12,000)
Total restricted	35,000	48,480	(52,376)	(26,000)	5,104
Total funds	1,077,956	1,010,971	969,493)		1,119,434

		Balance at 1
		September	Incoming	Resou rces	Balance at 31
		2019	resources	expended	August 2020
Unrestricted funds
General
General fund		1,279,994	911,960	(1,148,998)	1,042,956
Restricted
Bursary fund		14,000			14,000
Arts and craAs		9,000			9,000
Covid Grants			184,835	(184,835)
Upper school development		12,000			12,000
Total restricted	funds	35,000	184,835	(184,835)	35,000
Total funds		1,314,994	1,096,795	(1,333,833)	1,077,956

			Unrestricted		Total funds at
			funds	Restricted	31August
			General	funds	2021
					f,
Tangible	fixed	assets	1,660,834		1,660,834
Current assets			510,076	5,104	515,180
Current	liabilities		(597,857)		(597,857)
Creditors	over	1 year	(458,723)		458,723
Total net assets			1,114,330	5,104	1,119,434
			Unrestricted		Total funds at
			funds	Restricted	31August
			General	funds	2020
Tangible	fixed	assets	1,718,367		1,718,367
Current	assets		55,628	35,000	90,628
Current	liabilities		(306303)		(306,203)
Creditors	over	I year	(424,836)		(424,836)
Total net assets			1,042,956	35,000	1,077,956

25 Analysis ofnet funds
	At I
	September	Financing cash	At 31August
	2020	flows	2021
Cash at bank and in hand	45,198	(9,851)	35,347
Debt due within one year	(46,084)	12,667	(33,417)
Debt due after more than one year	(424,836)	(33,887)	(458,723)
Net debt	(425,722)	(31,071)	456,793
	At 1
	September	Financing cash	At 31August
	2019	flows	2020
Cash at bank and in hand	169,479	(124,281)	45,198
Debt due within one year	(41,999)	(4,085)	(46,084)
Debt due after more than one year	(418,392)	(6,444)	(424,836)
Net debt	(290,912)	(134,810	425,722