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|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|
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|||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|
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||||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|
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||||||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|
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||||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|
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|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|
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|---|---|---|---|---|---|---|---|
|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|
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|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|
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|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|petsonnct|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|
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|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|
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|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|
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|.
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||
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||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|||||
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||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|