2020-08-31-accounts

CONTENTS		Page
Governors' Report		I —7
Independent Auditor's	Report	8-9
Statement ofFinancial	Activities	10
Balance Sheet
Statement ofCash Flow		12
Statement ofAccounting Policies		13-14
Notes to the Financial	Statements	15 - 20

GOVERNORS		J Allen
		D Alexander
		S A Armstrong
		Prof M Bailey (Resigned	31	August 2020)
		C Castelino
		Ms A Collier
		Mr K SGim (Appointed	4 December 2019)
		Mrs SHay
		D G Henshall (Co-Chairman)
		Miss H Kaur
		PJ Magill
		KJMahoney (Co-Chairman)
		Mrs R M Recce
KEYMANAGEMENT	PERSONNEL
HEADMASTER		N I Kendrick (Retired 31	August 2020)
		K H G Entwisle (Appointed		1	September 2020)
BURSAR AND	COMPANY SECRETARY	Mrs J M Twyford
REGISTERED OFFICE		12Castlebar Road
		London W5 2DR
ARCHITECT		ADP Architecture Ltd
		150Waterloo Road
		London SE1 8SB
AUDITOR		Haysmacintyre LLP
		10Queen Street Place
		London EC4R 1AG
BANK		The Co-operative Bank
		16-18New Broadway
		London W5 2XL
CHARTEREDSURVEYOR		Gerald Eve
		7 Vere Street
		London WIM OJB
INSURANCE BROKER		Hettle Andrews k. Associates			Ltd
		2 Brunswick Square
		Birmingham B1 2LP
SOLICITOR		GBH Law Ltd
		7/8 Innovation Place
		Douglas Drive
		Godalming
		Surrey GU7 1JX

				Unrestricted	Funds	Total	Total
INCOME AND EXPENDITURE				General	Bursary
				Funds	Funds		2019
INCOME FROM			Notes
Income from charitable	activities
Tuition fees			I	5,057,735		5,057,735	5,251,280
Other educational income			1	123,389		123,389	146,849
Voluntary sources
Donations					120	120	12,250
CJRS Furlough Income				178,054		178,054
Trading activities
Lettings income				39,015		39,015	44,410
Investments
Bank interest				37,683		37,683	37,880
Total Income				5,435,876	120	5,435,996	5,492,669
EXPENDITURE ON
Expenditure on charitable		activity
School operating costs;
Teaching costs				3,123,806		3,123,806	3,206,147
Premises costs and maintenance				799,117		799,117	748,917
Support costs and governance				1,382,880		1,382,880	1,171,412
Total Expenditure			2	5,305,803		5,305,803	5,126,476
NKT INCOME BEFORE		TRANSFERS		130,073	120	130,193	366,193
Transfer between funds				14,383	(14,383)
NET MOVEMENT IN	FUNDS FOR THE
YEAR				144,456	(14,263)	130,193	366,193
Balance brought forward	at	I September 2019		8,154,160	34,702	8,188,862	7,822,669
BALANCE CARRIED	FORWARD AT
31AUGUST 2020				8,298,616	20,439	8,319,055	8,188,862

			2020		2019
		Notes	8
FIXEDASSETS
Tangible assets				5,694,922		5,916,295
CURRENT ASSETS
Debtors			231,835		106,170
Cash at bank and in hand			4,037,269		3,795,596
			4,269,104		3,901,766
CREDITORS: Amounts	falling due
within one year		8	(1,012,871)		(978,199)
NET CURRENT ASSETS				3,256,233		2,923,567
TOTAL ASSETSLESSCURRENT
LIABILITIES				8,951,155		8,839,862
CREDITORS: Amounts	falling due
after more than one year				(632,100)		(651,000)
NET ASSETS				8,319,055		8,188,862
UNRESTRICTED FUNDS
General Fund				8,298,616		8,154,160
Designated Bursary Fund				20,439		34,702
TOTAL FUNDS				8,319,055		8,188,862

					2020			2019
Cash flow from operating	activities:
Net income						130,193			366,193
Depreciation						408,384			374,334
Increase in debtors						(125,665)			(2,458)
Increase in creditors						15,772			37,424
Interest receivable						(37,683)			(37,880)
Net cash provided by operating			activities			391,001			737,613
Cash flow from investing	activities:
Interest received				37,683			37,880
Purchase oftangible fixed	assets			(187,011)			(867,661)
Net cash used in investing	activities					(149,328)			(829,781)
INCREASE IN CASH AND		CASH EQUIVALENTS				241,673			(92,168)
Cash and cash equivalents	at	1 September 2019				3,795,596			3,887,764
Cash and cash equivalents	at	31	August 2020			4,037,269			3,795,596
ANALYSIS OF CASH AND CASH EQUIVALENTS						2020			2019
Cash at bank						164,170			131,947
Deposits						3,873,099			3,663,649
Cash and cash equivalents	at	31	August 2020			4,037,269			3,795,596

1.	CHARITABLE	ACTIVITIES	ACTIVITIES					2020	2019
	Fees receivable	consist of:
	School fees							5,081,453	5,342,360
	Less: total bursaries and hardship			awards				(21,718)	(91,080)
								5,059,735	5,251,280
	Other educational income
	After school care							45,975	50,699
	Extras							54,514	67,306
	Acceptance fees	not returned						10,000	16,400
	Registration fees							9,800	9,400
	Commission received
	Test fees							3,100	2,900
	Sundry income								144
								123,389	146,849
2.	TOTAL EXPENDITURE							2020
					Staff costs	Depreciation	Other costs	Total
							8
	Charitable activity
	School Operating	Costs:
	Teaching costs				2,870,353		253,453	3,123,806
	Premises and maintenance		costs		131,054	408,384	259,678	799,116
	Support and governance		costs		1,119,388		263,493	1,382,881
					4,120,795	408,384	776,624	5,305,803
								2019
					Staff costs	Depreciation	Other costs f	Total
	2019Charitable	activity
	School Operating	Costs:
	Teaching costs				2,807,773		398,374	3,206,147
	Premises and maintenance		costs		122,109	374,334	252,474	748,917
	Support and governance		costs		911,382		260,030	1,171,412
					3,841,264	374,334	910,878	5,126,476

					2020	2019
						g
Governance	included		in support	costs
Remuneration	paid	to	auditor for	audit services	17,010	16,350
					17,010	16,350
					2020	2019
Total expenditure		includes the following
Auditors remuneration			- for audit		17,010	16,350
			- other		9,600
Depreciation	—owned		fixed assets		408,384	371,334

EMPLO	YEES						2020			2019
							Full	time		Full time
						No.	Equivalents		No.	Equivalents
The average number ofemployees			(full and part		time)
analysed	by function was:
Teaching	- full time					46		46	46	46
	-part time					3		2	3	2
Premises	- full time					3		3	3	3
Support	- full time					15		15	15	15
	- part time					24		11	24	11
						91		77	91	77
Teaching	staff numbers	includes teachers		and teaching assistants.
									2020	2019
The costs	incurred in respect ofthese employees				were:
Wages and salaries									3,217,689	3,123,260
Social Security costs									329,436	310,081
Pension costs									573,670	407,923
									4,120,795	3,841,264

2020	2019
No.	No.

TANGIBLE FIXEDASSETS	Freehold	Improvement		Furniture
	land and	to freehold	Motor	and
	buildings	premises	vehicles f	equipment	Total
Cost
At 31 August 2019	5,357,197	3,920,507	87,195	322,157	9,687,056
Additions		163,683		23,328	187,011
Disposals			(87,195)	(60,863)	(148,058)
At 31 August 2020	5,357,197	4,084,190		284,622	9,726,009
Depreciation
At 31 August 2019	2,198,548	1,302,611	87,195	182,407	3,770,761
Charge for the year	79,971	268,353		60,060	408,384
Disposals			(87,195)	(60,863)	(148,058)
At 31 August 2020	2,278,519	1,570,964		181,604	4,031,087
Net Book Value
At 31 August 2020	3,078,678	2,513,226		103,018	5,694,922
At 31 August 2019	3,158,649	2,617,896		139,750	5,916,295

7.	DEBTORS			2020	2019
				8
	Fee debtors			90,705	4,954
	Pupil disbursements				41,786
	Other debtors			28,609	32,670
	Prepayments			31,532	20,183
	Accrued income			80,989	6,577
				231,835	106,170
	CREDITORS			2020	2019
	Amounts falling due within	one year
	Acceptance fees			51,600	36,000
	Fees in advance			620,243	719,581
	Trade creditors			33,595	10,698
	Other taxes and social security			86,474	78,237
	Other creditors and accruals			220,959	133,683
				1,012,871	978,199
	Amounts falling due after	more than one year
	Acceptance fees			632,100	651,000
9.	ANALYSIS OF NET ASSETS BETWEEN FUNDS				Total
			Bursary	General	Funds
			Fund	Funds	2020
	fixed assets			5,694,922	5,694,922
	Current assets		20,439	4,248,665	4,269,104
	Creditors due within one year			(1,012,871)	(1,012,871)
	Creditors due after one year			(632,100)	(632,100)
	Net assets		20,439	8,298,616	8,319,055
	Bursary Fund (cumulative	movements)
	Transfers from Reserves		446,110
	Donations received		103,002
	Bursaries awarded		(528,673)
			20,439

NALYSIS O	NALYSIS O	NALYSIS O	F NET ASSE	F NET ASSE	TSBETWEEN FUNDS (co	ntinued)
Comparative			information
								Total
						Bursary	General	Funds
						Fund	Funds	2019
Fixed assets							5,916,295	5,916,295
Current	assets					34,702	3,867,064	3,901,766
Creditors		due	within	one year			(978,199)	(978,199)
Creditors		due aller one year					(651,000)	(651,000)
Net assets						34,702	8,154,160	8,188,862
Bursary		Fund	(cumulative		movements)
Transfers		from	Reserves			446,110
Donations		received				102,882
Bursaries		awarded				(514,290)
						34,702