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2021-07-31-accounts

2021 2020
Unrestncted Restricted Total Total
funds fund funds funds
Notes 6 6 6 6
INCOME AND ENDOWMENTS FROM
Donations and legacies 1,482
Charitable activities
General 10,343 10,343 9,735
Teaching 2,210,125 2,210,125 2,221.663
Transporl 105,633 105,633 88,657
Investment income 4 9,450 9,450 11,000
Other income 6 33,084 33,084 66,894
Total 2,368,635 2,368,635 2,399,431
EXPENDITURE ON
Charitable activities
Teaching 1,511,602 2,484 1,514,086 1.583,296
Welfare 36,489 36,489 34.672
Premises 293,832 293,832 292.189
Transport 115,018 115,018 127,149
Support 194,887 194,887 185,713
Total 2,151,828 2,484 2,154,312 2,223,019
Net gains on investments 50,000 50,000
NET INCOME/(EXPENDITURE) 266,807 (2,484) 264,323 176.412
RECONCILIATION OF FUNDS
Total funds brought forward 4,542,274 7,751 4,550,025 4,373,613
TOTAL FUNDS CARRIED FORWARD 4,809,081 5,267 4,814,348 4,550,025

2021 2020
Unrestricted Restricted Total Total
funds fund funds funds
Notes f 6 6 6
FIXEDASSETS
Tangible assets 15 4,897,316 5,267 4,902,583 4,752,122
Investment
property		 16 425,000 425,000 375,000
5,322,316 5,267 5,327,583 5,127,122
CURRENT ASSETS
Stocks 17 761 761 969
Debtors 18 67,348 67,348 45,524
Cash at bank and in hand 48,598 48,598 41,752
116,707 116,707 66,245
CREDITORS
Amounts
falling due within one year		 19 (291,045) (291,045) (293,873)
NET CURRENT ASSETS (174,338) (174,338) (205,628)
TOTAL ASSETSLESSCURRENT LIABILITIES 5,147,978 5,267 5,153,245 4,921,494
CREDITORS
Amounts
falling due after more than one year		 20 (338,897) (338,897) (371,469)
NET ASSETS 4,809,081 5,267 4,814,348 4,550,025
FUNDS 24
Unrestricted
funds:
General fund 1,979,398 1,677,339
Revaluation
reserve		 2,829,683 2,864,935
4,809,081 4,542,274
Restricted funds 5,267 7,751
TOTAL FUNDS 4,814,348 4,550,025

Notes 2021
5		 2020f
Cash flows from operating activities
Cash generated
from operations		 26 363,582 310,444
Interest paid (9,847) (12,618)
Net cash provided
by operating
activities		 353,735 297,826
Cash flows from investing activities
Purchase oftangible
fixed assets		 (315,058) (304,948)
Sale oftangible
fixed assets		 2,500
Net cash used in investing
activities		 (315,058) (302.448)
Cash flows from financing activittes
Capital repayments
in year		 (31,831) (29,457)
Net cash used in linancing
activities		 (31,831) (29,457)
Change
in cash and cash		 equivalents in
the reporting
period		 6,846 (34,079)
Cash and cash equivalents at the
beginning
ofthe reporting		 period 41,752 75,831
Cash and cash equivalents at the end of
the reporting
period		 48,598 41,752

DONATIO NS AND LEGACIES
2021 2020
Unrestricted Restricted Total Total
funds funds funds funds
6 6 f 6
Donations 1,482
INVESTMENT INCOME
2021 2020
Unrestricted Restricted Total Total
funds funds funds funds
6 6 f f
Rents received 9,450 9,450 11,000
INCOME FROM CHARITABLE ACTIVITIES
2021 2020
Activity 6 6
Registration and acceptance
fees General 10,343 9,735
Fees Teaching 2,607,693 2,698,748
Scholarships Teaching (70,088) (81,661)
Means tested bursaries Teaching (149,120) (126,920)
Means tested governors'
awards Teaching (3,491) (3,394)
Staff discounts Teaching (83,585) (79,824)
Sibling discounts Teaching (51,207) (52,039)
Discounts Teaching (40,077) (133,247)
Transport income Transport 105,633 88,657
2,326,101 2,320,055

2021 2020
Unrestncted Restricted Total Total
funds funds funds funds
5 5 2
Uniform commission 3,001 3,001 3,786
Government grants 30,083 30,083 63,108
33,084 33,084 66,894

CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 8)
6		 note 9)
6		 Totalsf
Teaching 1,455,912 58,174 1,514,086
Welfare 36,489 36,489
Premises 213,539 80,293 293,832
Transport 58,710 56,308 115,018
Support 67,765 127,122 194,887
1,795,926 358,386 2,154,312
DIRECT COSTSOF CHARITABLE ACTIVITIES
2021 2020
5
Staff costs 1,631,329 1,633,988
Depreciation 164,597 152,366
Loss on sale ofassets 1,801
1,795,926 1,818,155
SUPPORT COSTS
Governance
Other costs Totals
E 6 6
1eachmg 58,174 58,174
Welfare 36,489 36,489
Premises 80,293 80,293
Transport 56,308 56,308
Support 119,112 8,010 127,122
350,376 8,010 358,386

Net income/(e xpenditure)
is		 stated after charging/(crediting):
2021 2020
6 8
Depreciation -owned assets 164,597 182,367
Other operating
leases		 600
Deficit on disposal offixed assets 1,801
AUDITORS' REMUNERATION
2021 2020
6 8
Fees payable to the charity's auditors and their associates for the audit ofthe
chanty's
financial statements		 6,930 6,534
Auditors'
remuneration
for non audit work		 1,080 1,032

STAFF COS T S
2021
8		 2020f
Wages and salaries 1,354,721 1,363,923
Social security costs 109,162 108,404
Other pension costs 167,446 161,661
1,631,329 1,633,988
1he average monthly number ofemployees dunng the year was as follows
2021 2020
Teaching staff 36 36
Administrative / Grounds staff 24 22
Welfare staff 3 3
Transporl
staff		 3 3
66 64
The number of employees whose employee benefits (excluding employer pension costs) exceeded f60.
was
2021 2020
860,001 - 870,000 2 2

Unrestricted Restricted Total
funds fund funds
5 E E
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 1,482 1,482
Charitable
activities
General 9,735 9,735
Teaching 2.221,663 2.221,663
Transport 88.657 88,657
Investment
income		 11,000 11,000
Other income 66.894 66,894
Total 2,397,949 1,482 2,399,431
EXPENDITURE ON
Charitable
activities
Teaching 1,579,812 3,484 1,583.296
Welfare 34,672 34,572
Premises 292,189 292,189
Transport 127,149 127,149
Supporl 185,713 185,713
Total 2,219,535 3,484 2,223.019
NET INCOME/(EXPENDITURE) 178,414 (2,002) 176,412
RECONCILIATION OF FUNDS
Total funds brought forward 4,353,860 9.753 4,373,613
TOTAL FUNDS CARRIED FORWARD 4,542.274 7,751 4,550,025
TANGIBLE FIXEDASSETS
Assets Furniture
Freehold under snd Motor
property
5		 construction
5		 equipment
5		 vehicles
f		 Totals
f
COST OR VALUATION
At 1stAugust 2020 4,536,323 172,116 729,852 179,969 5,618,260
Additions 266,524 48,534 315,058
At 31stJuly 2021 4,536,323 438,640 778,386 179,969 5,933,318
DEPRECIATION
At 1stAugust 2020 161,382 613,123 91,633 866,138
Charge for year 81,005 61,508 22,084 164,597
At 31stJuly 2021 242,387 674,631 113,717 1,030,735
NET BOOK VALUE
At 31stJuly 2021 4,293,936 438,640 103,755 66,252 4,902,583
At 31stJuly 2020 4.374,941 172,116 116,729 88,336 4,752,122

FAIR VALUE
At 1stAugust 2020 375,000
Revaluation 50,000
At 31stJuly 2021 425,000
NET BOOK VALUE
At 31stJuly 2021 425,000
At 31stJuly 2020 375,000

Fair value at 31stJuly 2021 is represented by:
5
Valuation in 2004 235,963
Valuation in 2009 7,778
Valuation in 2012 (3,878)
Valuation in 2013 35,000
Valuation in 2015 17,500
Valuation in 2018 7,500
Valuation in 2021 50,000
Cost 75,137
425,000
17. STOCKS
2021 2020
6 6
Stocks 761 969
No stock has been pledged as security for any liabilities
18. DEBTORS:ANIOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
f E
Trade debtors 53,493 40,054
Other debtors 12,793 4,519
Prepayments 1,062 951
67,348 45.524
19. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021f 2020
6
Bank loans and overdrafts (see note 21) 31,203 30,462
Trade creditors 80,814 23.308
Social security and other taxes 45,687 45.275
Other creditors 14,460 22,191
Advance fee payments 100,541 146,936
Accrued expenses 18,340 25,701
291,045 293,873

CREDITORS: AMOUNTS FA LLING DUE AFTER MOR E THAN ONE Y EAR
2021 2020
5 5
Bank loans (see note 21) 338,897 371,469
LOANS
An analysis ofthe maturity of loans is given below.
2021 2020
6 5
Amounts
falling due within		 one year on demand
Mortgage 31,203 30.462
Amounts
falling due between		 two and five years:
Mortgage 131,643 129,893
Amounts
falling due in more than five yearn.
Repayable
by instalments.
Mortgage 207,254 241,576
The instalments
for this loan		 are payable on a monthly basis and the loan is due to mature in March 2032. The
interest
rate is 2.1I'/o above
f8494 (2020-5(t,f53).		 the Bank of England base rate per annum and the interest payable for the year was

Minimum
lease payments
under non-cancellable
operating		 leases fall due as follows:
2021 2020
5
Within one year 10,080 10,680
Between one and five years 17,640 27,720
27,720 38.400

The following secured debts are included
within c		 reditor:
2021 2020
5 5
Bankloans 370,100 401,931

MOVEM ENT IN FUNDS
Net Transfers
movement between At
At 'I.820 in funds funds 31.7.21
E E E E
Unrestricted funds
General fund 1,677,339 266,807 35,252 1,979,398
Revaluation reserve 2,864,935 (35,252) 2,829,683
4,542,274 266,807 4,809,081
Restricted funds
Fnends ofthe School Fund 7,751 (2,484) 5,267
TOTAL FUNDS 4,550,025 264,323 4,814,348
Net movement in funds, included in the above are as follows.
Incoming Resources Gains and Movement
resources expended losses n funds
E E E E
Unrestricted funds
General fund 2,368,635 (2,151,828) 50,000 266,807
Restricted funds
Friends ofthe School Fund (2,484) (2,484)
TOTAL FUNDS 2,368,635 (2,154,312) 50,000 264,323
Comparatives for movement in funds
Net Transfers
movement between At
At 1.8.19 in funds funds 31.7.20
E E E
Unrestricted funds
General fund 1,463,673 178,414 35,252 1,677,339
Revaluation reserve 2,900,187 (35,252) 2,864,935
4,363,860 178,414 4,542,274
Restricted funds
Friends ofthe School Fund 9,753 (2,002) 7,751
TOTAL FUNDS 4,373,613 176,412 4,550,025
Comparative net movement in funds, included in the above are as follows:
Incoming Resoul'ces Movemerd
resources expended in funds
E E E
Unrestricted funds
General fund 2.397,949 (2,219,535) 178,414
Restricted funds
Friends ofthe School Fund 1,482 (3,484) (2,002)
TOTAL FUNDS 2,399,431 (2,223,019) 176,412

2021 2020
6 2
Net income for the reporting period (as per the Statement ofFinancial
Activities) 264,323 176,412
Adjustments for:
Depreciation charges 164,597 182,366
Losses on investments (50,000)
Loss on disposal of fixed assets 1,801
Interest paid 9,847 12,618
Decrease
in		 stocks 208 1,587
(Increase)/decrease in debtors (21,824) 22,776
Decrease
in		 creditors (3,569) (87,116)
Net cash provided by operations 363,582 310,444
ANALYSIS OF CHANGES IN NET DEBT
ANAL YSIS OF CHANGES
IN NE		 T DEBT
Other
non-cash
At 1.8.20 Cash flow changes At 31.7.21
2 2 2 6
Net cash
Cash at bank
and in hand 41,752 6,846 48,598
41,752 6,846 48,598
Debt
Debts falling due
within 1 year (30,462) (1,482) 741 (31,203)
Debts falling due
after 1 year (371,469) (741) (338,897)
(401,931) 31,831 - (370,100)
(360,179) 38,677 (321,502)

StJose h'
h
Detailed Statement ofFinancial Activities
for the Year Ended 31stJul 2021
2021 2020
E
INCOME AND ENDOWMENTS
Donations
and legacies
Donations 1,482
Investment
income
Rents received 9,450 11,000
Charitable
activities
Fees 2,607,693 2,698,748
Scholarships (70,0881 (81,661)
Means tested bursaries (149,120) (126,920)
Means tested governors' awards (3,491) (3,394)
Staff discounts (83,585) (79,824)
Sibkng discounts (51,207) (52,039)
Discounts (40,077) (133,247)
Registration
and acceptance fees		 10,343 9,735
Transport
income		 105,633 88,657
2,326,101 2,320,055
Other income
Uniform commission 3,001 3,786
Government
grants		 30,083 63,108
33,084 66,894
Total incoming resources 2,368,635 2.399,431
EXPENDITURE
Charitable
activities
Wages 1,354,721 1,363.923
Social security 109,162 108,404
Pensions 167,446 161,661
Depreciation oftangible fixed assets 164,597 182,366
Loss on sale oftangible fixed assets 1,801
1,795,926 1,818,155
Support costs
Other
Rent 600
Rates and water 11,900 10,685
Insurance 18,261 17.962
Light and heat 27,203 31,738
Telephone 466 618
Sundries 16,567 10.319
Repairs and maintenance 24,933 29.327
Educational
equipment		 48,164 39,644
Books 5,207 1,951
Staff training 4,802 5,624
Cleaning 2,581 2,306
Catering 33,908 32,366
Carried
forward		 193,992 183,140

Detailed Statement ofFinancial Activities
for the Year Ended 31stJul 2021
2021f 2020f
Other
Brought forward 193,992 183,140
Office expenses 4,573 5.495
Subscriptions 5,397 4,659
Photocopierexpenses 6,525 8,715
Inspection costs 2,450 3,590
Computer
software and		 maintenance 41,587 35.667
Recruitment
costs		 5,697 522
Legal fees 10,013 775
Advertising 11,100 19,501
Motor expenses 56,263 60,307
Bad debts 2,932 62,309
Bank interest 1,353 1,465
Loan 8,494 11,153
350,376 397,298
Governance costs
Auditors'
remuneration		 6,930 6,534
Auditors'
remuneration		 for non audit work 1,080 1,032
8,010 7,566
Total resources expended 2,154,312 2,223,019
Net income before gains and losses 214,323 176,412
Unrealised
gains on fixed assets
Unrealised
gain on fixed		 assets 50,000
Net income 264,323 176,412