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|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||||
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|||||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|
##
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||||||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|
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|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||
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||||||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|
##
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|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|
##
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|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|
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|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|||
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|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|||
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