2020-07-31-accounts

					Pacae
Chairman's Report
Reference and Administrative Details
Report ofthe Governors (including	Statement		of Governors'	Responsibilities)	4
Independent Auditor's Report on the		Financial	Statements		12
Consolidated Statement of Financial		Activities			15
Balance Sheet and Consolidated	Balance Sheet				16
Consolidated Cashf low Statement					17
Notes to Financial Statements					18

			Un-		En-
			restricted	Restricted	dowment	Total	Total
			funds	funds	fund	2020	2019
		Notes
Income:
Donations and gifts		1cl	55,964			55,964	51,188
Charitable activities
School fees and extras		1a	4,688,635			4,688,635	4,682,530
Investment income		1b	39,663			39,663	15,182
Other income		1c	290,854			290,854	322,831
Total income			5,075,116			5,075,116	5,071,731
Expenditure:
Costs of raising funds
Trading expenses		2	340,084			340,084	282,305
Marketing costs		2	43 811			43,811	71,827
Investment management	fees	2	1,937			1,937	4,017
Charitable activities
School operating costs		2	5,514,523			5,514,523	6,126,973
Total expenditure			5,900,355			5,900,355	6,485,122
Net income/(expenditure)	for
the year before transfers	and
gains and losses			(825,239)			(825,239)	(1,413,391)
Transfers between funds		15	(1,909)		1,909
Net gains on investments		12			(1,909)	(1,909)	9,414
Net income/(expenditure)	and		(827,148)			(827,148)	(1,403,977)
net movement in funds for the
year
Reconciliation offunds
Total funds brought forward			2,999,756	210	500,000	3,499,966	4,903,943
Total funds carried forward			2,172,608	210	500,000	2,672,818	3,499,966

				2020	2020	2019	2019
				E
			Notes	Group	Charity	Group	Charity
Fixed assets
Tangible fixed assets			7	7,476,604	7,338,996	7,413,122	7,302,174
Intangible assets			8	8,171	8,171	31,184	31,184
Investment in subsidiary			9		1		1
				7,484,775	7,347,168	7,444,306	7,333,359
Current assets
Stock			10	74,038	11,628	84,383	22,333
Debtors			11	1,884,830	2,199,060	460,803	606,887
Investments			12	25,352	25,352	284,388	284,388
Cash at bank and	in hand			363,721	331,024	972,627	952,719
				2,347,941	2,567,064	1,802,201	1,866,327
Liabilities:
Creditors falling due	within one	year	13	(3,848,677)	(3,816,104)	(2,115,363)	(2,082,369)
Net current liabilities				(1,500,736)	(1,249,040)	(313,162)	(216,042)
Creditors: amounts	falling due	in more
than one year			14	(3,311,221)	(3,311,221)	(3,631,178)	(3,631,178)
Total net assets				2,672,818	2,786,907	3,499,966	3,486,139
The funds ofthe charity:
Restricted funds			15	210	210	210	210
Unrestricted funds			15	377,856	491,945	1,166,818	1,152,991
Revaluation reserve			15	1,794,752	1,794,752	1,832,938	1,832,938
Endowment fund			15	500,000	500,000	500,000	500,000
Total charity funds				2,672,818	2,786,907	3,499,966	3,486,139

							Total 2020	Total 2019
							E	E
						Notes	Group	Group
Cash flows from operating	activities
Net movements in funds for	the year						(827,148)	(1,403,977)
(Gains)/losses on investments							1,909	(9,414)
(Profit)/loss on disposal of tangible		fixed assets					14,020	(106,367)
Depreciation							223,490	234,881
Amortisation						8	23,014	26,658
Interest receivable						1b	(345)	(1)
Dividends received						1b	(39,318)	(15,181)
interest payable							120,157	86,656
Working capita/ adjustments
Decrease/(increase) in stocks						10	10,345	(1,887)
Decrease/(increase) in trade	debtors					11	(1,424,027)	(85,034)
(Decrease)/increase in trade	creditors					12	1,343,200	462,559
Net cash flow from operations							(554,703)	(81 1,107)
Cash flows from investing activities
Interest receivable						1b	345	1
Dividends received						1b	39,318	15,181
Proceeds from sale of investments							282,069	355,715
Proceeds from sale offixed	assets							1,500,126
Payments to acquire tangible	fixed	assets				7	(300,992)	(454,727)
Payments to acquire intangible fixed assets						8		(16,000)
Payments to acquire investments						12	(24,943)	(131,055)
Net cash (outflow)/inflow from	investing		activities				(4,203)	1,269,241
Cash flows from financing activities
Loans received								1,900,000
Loans repayments							(50,000)
Net cash (outflow)/inflow from	financing		activities				(50,000)	1,900,000
Net increase/(decrease) in cash and		cash equivalents					(608,906)	2,358,134
Cash and cash equivalents at the beginning				ofthe reporting		period	972,627	(1,385,507)
Gash and cash equivalents at the end			of the	reporting	period		363,721	972,627
Consisting of:
Cash at bank and in hand							363,721	972,627
							363,721	972,627

	The Schoo	l'	s activ	ities	are ca	rried out within	the UK. T	he School's f	ees compr	ised:
										2020	2019
										E	F
	Gross fees								5,881,073		5,291,745
	Less: Total		bursaries,		grants	and allowances			(1,394,633j		(982,056)
									4,486,440		4,309,689
	Extras and	disbursements							202,195		372,841
									4,688,635		4,682,530
1b	Investment		income
										2020	2019
	Interest receivable									345	1
	Dividend	income								39,318	15,181
										39,663	15,182
1c	Other income
						Unres-	Res-	Total	Unres-	Res-	Total
						tricted	tricted	2020	tricted	tricted	2019
								F			E
	Rent and lettings					62,619		62,619	86,252		86,252
	Other trading		income			138,835		138,835	209,88'I		209,881
	Other income					89,400		89,400	26,698		26,698
						290,854		290,854	322,831		322,831
1d	Donations	and gifts
						Unres-	Res-	Tota I	Unres-	Res-	Total
						tricted	tricted	2020	tricted	tricted	2019
						E	F	P			'E
	Income donations			and	gifts	55,964		55,964	51,188		51,188
						55,964		55,964	51,188		51,188

							Depreciation
							and	Total
					Staff costs	Other	amortisation	2020
Cost of raising funds
Trading expenses					141,176	182,045	16,863	340,084
Marketing	costs					43,811		43,811
Investment management			fees			1,937		1,937
					141,176	227,793	16,863	385,832
Charitable	activities
Teaching	costs				2,788,457	83,748		2,872,205
Welfare					125,470	358,848		484,318
Premises					126,325	645,834	229,640	1,001,799
Support costs ofschooling				(2a)	376,424	728,354		1,104,778
Governance costs		(2b)				17,335		17,335
Loss on disposal ofshares						20,068		20,068
Profit from disposal offixed assets						14,020		14,020
					3,416,676	1,868,207	229,640	5,514,523
					3,557,852	2,096,000	246,503	5,900,355
							Deprec-	Total
					Staff costs	Other	iation	2019
								F
Cost of raising funds
Trading expenses					86,703	189,232	6,370	282,305
Marketing	costs				70,359	1,468		71,827
Investment	management		fees			4,017		4,017
					157,062	194,717	6,370	358,149
Charitable	activities
Teaching	costs				2,637,079	337,456		2,974,535
Welfare					97,674	523,442		621,116
Premises					208,523	869,235	228,509	1,306,267
Support costs ofschooling				(2a)	401,808	880,358	23,973	1,306,139
Governance costs		(2b)				19,458		19,457
Loss on disposal ofshares						5,826		5,826
Profit from	disposal	offixed		assets		(106,367)		(106,367)
					3,345,084	2,529,408	252,482	6, 'I 26,973
					3,502,146	2,724,125	258,852	6,485,122

upport costs of schooling
	2020
Staff training and recruitment	24,433	32,493
Marketing activities Marketing - commission Centra I costs	76,990 52,502 276,384	60,322 79,865 296,324
Legal and professional Finance costs	72,239 171,160	188,174 223,179
	673,708	880,358

			2020
Audit and	accountancy	fees	16,821	17,354
Governors	expenses		514	2,104
			17,335	19,458

3	Staff costs
	Employment costs				2020		2019
					F
	Wages and salaries				2,892,854		2,929,947
	Social security costs				257,144		221,588
	Pension costs				407,853		350,611
					3,557,852		3,502,146
	Number of employees
	The average monthly number of employees			during the	year was:
					2020		2019
	Educational staff				85		77
	Support staff				58		52
	Nursery staff				14		14
					157		143
	The number ofemployees		whose annual	emoluments	were F60,000 or more were:
					2020		2019
					number		number
	F70,001 —F80,000
	f80,001 - F90,000
4	Net income/(expenditure)		for the year
	This is stated after charging:
					2020		2019
	Net income is stated after charging:
	Depreciation oftangible	fixed assets - owned			223,490		234,881
	Amortisation of intangible		fixed assets - owned		23,014		26,658
	Operating lease rentals -		other		114,448		116,324
	Auditors remuneration
	-Auditor's remuneration				8,500		8,500
	- Audit services for the subsidiary				1,950		1,950
	- Non-audit services					500	500

8	Intangible	fixed assets	fixed assets
					Software
					F
	Cost
	At 1 August	2019			97,553
	Additions
	At 31 July 2020				97,553
	Amortisation:
	At 1 August	2019			66,368
	Charge during the year				23,014
	At 31 July 2020				89,382
	Balance at	31 July 2020			8,171
	Balance at	31 July 2019			31,184
9	Investments
				Charity
				2020	2019
					f
	Leweston	Enterprises	Limited
	Ordinary shares ofE1		each

	A summary oft	he trading result	s is shown	below:
						2020	2019
						K	E
	Turnover					201,454	296,133
	Cost ofsales					(288,528)	(264,804)
	Gross (loss)/ profit					(87,074)	31,329
	Administrative	expenses				(40,842)	(17,502)
	Net profit/(loss)	before tax				(127,916)	13,827
	Donation payable to Leweston		School				(23,833)
	Retained in subsidiary					(127,916)	(10,006)
	The assets and	liabilities were:
	Fixed assets					137,608	110,946
	Current assets					174,795	159,034
	Current liabilities					(426,491)	(256,152)
	Total net assets					(114,088)	13,828
	Representing:
	Called up share	capital				1	1
	Profit and loss	account				(114,089)	13,827
						(114,088)	13,828
10	Stock
					2020		2019
				Group	Charity	Group	Charity
							F
	Consumables	and stores		11,628	11,628	22,333	22,333
	Stock for resale			62,410		62,050
				74,038	11,628	84,383	22,333

								2020		2019
							Group	Charity	Group	Charity
									F
	Fees and extras						1,778,685	1,714,828	461,749	396,153
	Less provision			for doubtful	debts		(50,980)	(50,980)	(91,368)	(91,368)
	Other debtors						10,565		14,505	5,479
	VAT and other			taxes			14,821	?,869
	Prepayments		and accrued		income		131,739	131,020	75,917	73,463
	Amount due	from group undertaking						396,323		223,160
							1,884,830	2,199,060	460,803	606,887
12	Current asset		investments
									2020	2019
	Balance at 1	August 2019							284,388	499,634
	Additions								50,668	138,620
	Disposals								(282,069)	(355,715)
	Gains/ (losses)			from movements		in	valuations		(1,909)	9,414
	Accrued interest								463	327
	Cash movement								(26,189)	(7,892)
	Balance at 31		July 2020						25,352	284,388
									2020	2019
										F
	UK fixed interest									39,399
	Overseas fixed			interest						9,351
	UK equities									93,757
	International	equities								65,695
	Property								23,174	24,620
	Alternative									23,199
	Cash								2,178	28,367
									25,352	284,388

				2020		2019
			Group	Charity	Group	Charity
Other loans			900,000	900,000	900,000	900,000
Trade creditors			216,092	190,107	350,066	327,717
Taxation		and social security	409,789	409,789	134,628	134,457
Fees in	advance		1,858,012	1,858,012	336,484	335,012
Other creditors			401,476	394,888	294,949	290,949
Accruals			63,308	63,308	99,236	94,234
			3,848,677	3,816,104	2,115,363	2,082,369
				2020		2019
			Group	Charity	Group	Charity
						'E
Deferred	income:
Brought		forwards	336,484	335,012	202,134	202,134
Received		in the year	1,853,757	1,858,012	336,484	335,012
Released		in the year	(336,484)	(335,012)	(202,134)	(202,134)
Carned	forwards		1,853,757	1,858,012	336,484	335,012

redito	rs: Amounts falling	due after more than one	year
			2020		2019
		Group	Charity	Group	Charity
				e	f
Other	loans	3,189,273	3,189,273	3,119,116	3,119,116
Other	creditors	121,948	121,948	512,062	512,062
		3,311,221	3,311,221	3,631,178	3,631,178

		2020		2019
Other loans	Group	Charity	Group	Charity
Repayable by instalments:	F
In one year or less	50,000	50,000	150,000	150,000
Between one and two years	50,000	50,000
Between two and five years	3,089,273	3,089,273	2,969,116	3,119,116
	3,189,273	3,189,273	3, 1'I 9,116	3,269,116

Summary	of movement in	funds
					Transfers
		Opening	Incoming	Outgoing	8 valuation	Closing
		Balance	Resources	Resources	gains	Balance
Group				E	E
Unrestricted	funds
General reserve		1,166,818	5,075,116	(5,900,355)	36,277	377,856
Revaluation	reserve	1,832,938			(38,186)	1,794,752
Restricted	funds
School production		210				210
Total restricted		210				210
Endowment	fund	500,000				500,000
		3,499,966	5,075,116	(5,900,355)	(1,909)	2,672,818

Summary of mo		vement in fund	s —prior year
Prior year						Transfers
			Opening	Incoming	Outgoing	8 valuation	Closing
			Balance	Resources	Resources	gains	Balance
Group						f.
Unrestricted funds
Genera I reserve			2,229,768	5,071,731	(6,391,717)	257,036	1,166,818
Revaluation reserve			1,871,124			(38,186)	1,832,938
Restricted funds
Purchase and repair of harp			1,204		(1,204)
Music department		and boarding	209,802			(209,802)
Cemetery upkeep			250		(250)
Appeal fund			73,839		(73,839)
Hardship fund			790		(790)
Music prizes			150		(150)
Science department			1,395		(1,395)
Schola Tours			856		(856)
Facer Language		Prize	l,403		(1,403)
Leavers bursary	fund		6,376		(6,376)
School production			210
Joe Ralph Prize			950		(950)
Belvedere Restoration			5,067		(5,067)
Junior Department		Play	1,125		(1,125)
Total restricted			303,417		(93,405)	(209,802)	210
Endowment fund			499,634	9,414		(9,048)	500,000
			4,903,943	5,081,145	(6,485,122)		3,499,966