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