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|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||||||||
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|||||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|
##
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||||||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|
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|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|
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|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|
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||||||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|
##
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|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|
##
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|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|
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|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:|||||||
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|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|
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|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|
##
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##
||||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|
##
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|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|
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