2021-08-31-accounts - The Mall School Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.


CONTENTS		Page
Governors, Officers and Advisors
Governors' Report		2-7
Independent Auditor's	Report	8-9
Statement ofFinancial	Activities	10
Balance Sheet
Statement ofCash Flows		12-13
Notes to the Financial	Statements	14-26

		Unrestricted	Restricted	Total	Total
		Total	Total	Funds	Funds
	Notes	2021	2021 0	2021 f	2020f
Income from:
Charitable activities
School fees receivable		2,980,468		2,980,468	3,127,382
Ancillary ttading income		211,712		211,712	253,319
Other trading activities
Other activities		46,838		46,838	54,166
Investments
Bank and other interest		817		817	7,344
Voluntary sources
Grants and donations		40,764	40,887	81,651	151,508
Other income		40,802		40,802	23,492
Total income		3,321,401	40,887	3,362,288	3,617,211
Expenditure on:
Raising funds
Financing costs		9,029		9,029	14,082
Charitable activities
Education	7	3,255,570	10,000	3,265,570	3,530,323
Total expenditure	7	3,264,599	10,000	3,274,599	3,544,405
Net income		56,802	30,887	87,689	72,806
Transfer		30,887	(30,887)
Net movement in funds		87,689		87,689	72,806
Fund balances brought
forward
at 1 September 2020		6,889,561		6,889,561	6,816,755
Fund balances carried
forward at
31August 2021		6,977,250		6,977,250	6,889,561

			2021	2020
		Notes	I	8
FIXEDASSETS
Tangible assets		10	6,181,107	6,359,010
CURRENT ASSETS
Debtors			722272	680,421
Cash and deposits			2,058,458	2,039,285
			2,780,730	2,719,706
CURRENT LIABILITIES
Creditors payable	within one year	12	(1,522,779)	(1,612,821)
NET CURRENT	ASSETS		1,257,951	1,106,885
TOTAL ASSETSLESSCURRENT
LIABILITIES			7,439,058	7,465,895
LONG-TERM LIABILITIES
Creditors payable	atter one year	13	(461,808)	(576,334)
NET ASSETS			6,977,250	6,889,561
REPRESENTED	BY:
UNRESTRICTED FUNDS
General Rescrvc		14	1,257,951	1,106,885
Dcsignatcd Fixed	Asset Fund	14	5,719,299	5,782,676
RESTRICTED FUNDS		14
			6,977,250	6,889,561

					2021		2020
			Notes
Net cash inllow from operations					249,125		309,916
Cash flows from investing	activities:
Investment income receipts				817		7,344
Payments for tangible fixed assets				(108,979)		(118,684)
Net cash used in investing	activities				(108,162)		(111,340)
Cash flows from financing	activities:
Net loan payments				(112,761)		(107,595)
Finance costs paid				(9,029)		(14,082)
Net cash used in financial activities					(121,790)		(121,677)
Change in cash and cash	equivalents	in the
reporting period					19,173		76,899
Cash and cash equivalents	at I September 2020				2,039,285		1,962,386
Cash and equivalent at 31August 2021					2,058,458		2,039,285

			2021
(i)	Net cash inflow from operations
	Net income			87,689		72,806
	Elimination ofnon-operating	cashflows:
	-Investment income		(817)		(7,344)
	-Financing costs		9,029		14,082
	Depreciation charge		286,882		281,174
	(Increase)/decrease in debtors		(41,851)		231,606
	(Decrease) in creditors		(91,805)		(282,408)
				161,436		237,110
	Net cash provided from operations			249,125		309,916
					Non
Analysis ofmovements in net cash			2020	Cash flows	Cash flow	2021
			f
Cash at bank and in hand			2,039,285	19,173		2,058,458
Total cash and cash equivalents			2,039,285	19,173		2,058,458
Bank Loan (due within one year)			(111,960)	(112,761)	110,996	(113,725)
Bank Loan (due afler one year)			(576,334)		114,526	(461,808)
Total			1,350,991	(93,588)	225,522	1,482,925

CHARITABLE ACTIVITIES —FEESRECEIVABLE	CHARITABLE ACTIVITIES —FEESRECEIVABLE	2021 8	2020f
Fees receivable consist	of:
School fees		3,030,974	3,187,945
Less'.total scholarships	and bursarics	(50,506)	(60,563)
		2,980,468	3,127,382


2.	CHARITABLE ACTIVITIES —FEES			RECEIVABLE	2021 8		2020f
	Fees receivable consist	of:
	School fees				3,030,974	3,187,945
	Less'.total scholarships	and	bursarics		(50,506)		(60,563)
					2,980,468	3,127,382
	Scholarships, bursaries	and	other awards	were paid to 12 pupils (2020', 9), Within this means-tested			bursaries
	totalling 622,857were paid		to 8 pupils (2020:828,410to 6pupils).
	CHARITABLE ACTIVITIES —ANCILLARY TRADING INCOME				2021		2020
	Extras				146,128	226,468
	Entrance and registration	fees			5,865		3,410
	School bus income				12,906		13,392
	Educational yants				37,713		8,749
	Deposits forfeited				9,100		1,300
					211,712	253,319
4.	OTHER TRADING ACTIVITIES				2021		2020f
	External lets				46,838		54,166
5.	BANK AND OTHER INTEREST
					2021		2020
					8
	Bank interest				817		7,344
6.	GRANTS, DONATIONS		&LEGACIES		2021		2020
					f
	Government's Coronavirus		Job Retention	Grant	40,764		99,206
	Donations				40,887		52,302
					81,651		151,508

7.	ANALYSIS OFEXPENDITURE	Staff costs	Depreciation		Total
(a)	Total expenditure	(note 8) f	(note 9) f	Otherf	2021f
	Cost ofraising funds
	Financing costs (note 8)			9,029	9,029
	Total costs ofraising funds			9,029	9,029
	Charitable expenditure
	Education
	Teaching	1,594,467		316,055	1,910,522
	Welfare	129,296		74,433	203,729
	Premises	106,406	286,882	217,980	611/64
	Support costs and governance	318,923		221,132	540,055
	Total charitable expenditure	2,149,088	286,882	829,600	3,265,570
	Total expeaditure	2,149,088	286,882	838,629	3,274,599
	COMPARATIVE ANALYSIS OF
	EXPENDITURE	Staff costs	Depreciation		Total
	Total expenditure	(note 8) f	(note 9) f	Otherf	2020 f
	Cost ofraising funds
	Financing costs (note 7)			14,082	14,082
	Total costs ofraising funda			14,082	14,082
	Charitable expenditure
	Education
	Teaching	1,760,249		382,176	2,142,425
	Welfare	119,571		76,322	195,893
	Premises	141,881	281,174	244,678	667,733
	Support costs and governance	301,739		222,533	524472
	Total charitable expenditure	2,323,440	281,174	925,709	3,530,323
	Total expenditare	2,323,440	281,174	939,791	3,544,405

Governance in support costs	2021	2020
Governance costs include:
Remuneration paid to auditor for;
- Audit services	14.400	14,040
- Other services	1,440	1,320

8.	FINANCING	COSTS	2021	2020f
	Loan interest		9,029	14,082
9.	STAFF COSTS		2021	2020
	The aggregate	payrofi costs for thc year were as follows:
	Wages and salaries		1,726,851	1,857,775
	Social security	costs	163,646	177,345
	Other pension	costs	258,591	288,320
			2,149,088	2,323,440

Aggregate employee-benefits	Aggregate employee-benefits	ofkey	ofkey	management	459,710	530,966
					2021	2020
					Number	Number
Number ofhigher paid employees			in	bands of:
f60,001to870,000
8100,001 - 8110,000
8110,001 to 8120,000
The nuinbcr with retirement		benefits		accruing
- in Defined Contribution	schemes		was
ofwhich the contributions	amounted			to	4, 176	3,876
- in Defined Benefit schemes		was
ofwhich the contributions	amounted			to	39,469	39,469

9.	STAFF COSTS (coatinued)	STAFF COSTS (coatinued)
	The average number ofthe School's		employees during	the year was 58(2020:65).
						2021	ZOZO
						Number	Number
	Teaching					33	34
	Welfare, premises,	support				25	31
						58	65
10.	TANGIBLE FIXEDASSETS		Freehold	Furniture,
			land and	fitting and	Electrical	Motor
			buildings	equipment	equipment	Vehicles	Total
			f.				f
	Coat
	At 1 September 2020		8,744,221	1,191,546	486,906	128,175	10,550,848
	Additions		74,233	4,344	7,023	23,379	108,979
	Disposals					(18,600)	(18,600)
	At 31August 2021		8,818,454	1,195,890	493,929	132,954	10,641227
	Depreciation
	At 1 September 2020		2,928,633	847,660	306,481	109,064	4,191,838
	Charge for the year		144,432	77226	58,853	6,371	286,882
	Eliminated on disposal					(18,600)	(18,600)
	At 31August 2021		3,073,065	924,886	365,334	96,835	4,460,120
	Net book value
	At 31August 2021		5,745,389	271,004	128,595	36,119	6,181,107
	At 31August 2020		5,815,588	343,886	180,425	19,111	6,359,010
11.	DEBTORS					2021	2020f
	Fees and extras					593,825	605,635
	Other debtors					9,101	3,675
	Prepayments and accrued income					119,346	71,111
						722,272	680,421

12.	CREDITORS: amounts vrithin one year	CREDITORS: amounts vrithin one year	falling due	2021	2020f
	Bank loan (see note 13)			113,725	111,960
	Deposits &om parents			259,220	285,480
	Fees received from parents in advance ofterm			939,823	953,273
	Trade creditors			106,612	117,054
	Taxation and social security			42,646	42,663
	Other creditors			7	68,958
	Accruals and deferred	income		38,236	33,433
				1,522,779	1,612,821
13.	CREDITORS: amounts more than one year		falling due after	2021	2020f
	Bank loan repayable	by instalments
	Duc two to 5 years			461,808	465,594
	Over 5 years				110,740
				461,808	576,334

. FUNDS		OF THE SCH	OOL
			At I Sept				At	31August
			2020	Income	Expenditure	Transfers		2021
					8
Unrestricted		funds
-General reserve			1,106,885	3,321,401	(2,996,317)	(174,018)	1,257,951
-Designated		fixed
asset			5,782,676		(268482)	204,905	5,719,299
Restricted Funds				40,887	(10,000)	30,087
			6,889,561	3,362,288	(3,274,599)		6,977,250
COMPARATIVE
			At ISept				At	31August
			2019	Income	Expenditure	Transfers		2020
			g					K
Unrestt1eted		funds
Gcncral reserve			1,000,550	3,564,909	(3,262,781)	(195,793)		1,106,885
Designated	fixed
asset			5,816,205		(281,174)	247,645	5,782,676
Restricted	funds			52,302	(450)	(51,852)
			6,816,755	3,617,211	3,544,405		6,889,561

	Plant and	machinery	Land and	buildings
	2021	2020	2021	2020
	8		8	8
In 1year In 2-5 years	9,740 25,078	10,938 19,749	50,400	50,400 50,400
Over 5 years

	Unrestricted	Restricted	Total
	Total	Total	Funds
	2020	2020 f	2020f
Income from:
Charitable activities
School fees receivable	3,127,382		3,127,382
Ancillary trading income	253,319		253,319
Other trading activities
Other activities	54,166		54,166
Investments
Bank and other interest	7,344		7,344
Voluntary sources
Grants and donations	99,206	52,302	151,508
Other income	23,492		23,492
Total income	3,564,909	52,302	3,617/11
Expenditure on:
Raising funds
Financing costs	14,082		14,082
Charitable activities
Education	3,529,873	450	3,530,323
Total expenditure	3,543,955	450	3,544,405
Net income/(expenditure)	20,954	51,852	72,806
Transfer	51,582	(51,582)
Nct movement in funds
Fund balances brought
forward
at 1 September 2019
	6,816,755		6,816,755
Fund balances carried
forward at 31August 2020	6,889,561		6,889,561