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2021-07-31-accounts

Pacae
Chairman's
Report
Reference and Administrative
Details
Report ofthe Governors
(including		 Statement ofGovernors' Responsibilities) 4
Independent
Auditor's
Report on		 the Financial Statements 13
Consolidated
Statement
of Financial		 Activities 17
Balance Sheet and Consolidated Balance Sheet 18
Consolidated
Cashflow
Statement		 19
Notes to Financial Statements 20

Un- En-
restricted Restricted dowment Total Total
funds funds fund 2021 2020
Notes
Income:
Donations
and gifts		 1d 65,963 65,963 55,964
Charitable
activities
School fees and extras 1a 5,828,932 5,828,932 4,688,635
Investment
income		 ib 845 845 39,663
Other income 1c 369,427 369,427 290,854
Total income 6,265,167 6,265,167 5,075,116
Expenditure:
Costs of raising funds
Trading expenses 2 402,422 402,422 340,084
Marketing
costs		 2 61,951 61,951 43,811
Investment
management		 fees 2 1,937
Charitable
activities
School operating
costs		 2 6,538,045 6,538,045 5,514,523
Total expenditure 7,002,418 7,002,418 5,900,355
Net income/(expenditure) for
the year before transfers and
gains and losses (737,251) (737,251) (825,239)
Transfers
between
funds		 15
Net gains on investments 12 (1,909)
Net income/(expenditure) and (737,251) (737,251) (827,148)
net movement
in funds for the
year
Reconciliation
offunds
Total funds brought
forward		 2,172,608 210 500,000 2,672,818 3,499,966
Total funds carried forward 1,435,357 210 500,000 1,935,567 2,672,818

2021 2021 2020 2020
F E F
Notes Group Charity Group Charity
Fixed assets
Tangible
fixed assets		 7,806,260 7,683,203 7,476,604 7,338,996
Intangible assets 8,171 8,171
Investment
in subsidiary		 1 1
7,806,260 7,683,204 7,484,775 7,347,168
Current assets
Stock 10 91,344 32,460 74,038 11,628
Debtors 11 1,994,802 2,387,025 1,884,830 2,199,060
Investments 12 25,352 25,352
Cash at bank and in hand 125,807 97,326 363,721 331,024
2,211,953 2,516,811 2,347,941 2,567,064
Liabilities:
Creditors
falling due		 within one year 13 (4,835,430) (4,762,298) (3,848,677) (3,816,104)
Net current
liabilities		 (2,623,477) (2,245,487) (1,500,736) (1,249,040)
Creditors: amounts falling due in more
than one year 14 (3,247,216) (3,247,216) (3,311,221) (3,311,221)
Total net assets 1,935,567 2,190,501 2,672,818 2,786,907
The funds ofthe charity:
Restricted funds 15 210 210 210 210
Unrestricted
funds		 15 (330,147) (75,213) 377,856 491,945
Revaluation
reserve		 15 1,765,504 1,765,504 1,794,752 1,794,752
Endowment
fund		 15 500,000 500,000 500,000 500,000
Total charity funds 1,935,567 2,190,501 2,672,818 2,786,907
Total 2021 Total 2020
Notes Group Group
Cash flows from operating activities
Net movements
in funds for		 the year (737,251) (827,148)
(Gains)/losses
on investments		 1,909
(Profit)/loss
on disposal oftangible		 fixed assets 14,020
Depreciation 7 226,935 223,490
Amortisation 8 8,171 23,014
Interest receivable 1b (163) (345)
Dividends
received		 1b (682) (39,318)
Interest payable 19,872 'I20,157
Working capital adjustments
Decrease/(increase)
in stocks		 10 (17,306) 10,345
Decrease/(increase)
in trade		 debtors 11 (109,972) (1,424,027)
(Decrease)/increase
in trade		 creditors 12 964,805 1,343,200
Net cash flow from operations 354,409 (554,703)
Cash flows from investing activities
Interest receivable 1b 163 345
Dividends
received		 1b 682 39,318
Proceeds from sale of investments 25,352 282,069
Payments
to acquire tangible		 fixed assets 7 (556,591) (300,992)
Payments
to acquire investments		 12 (24,943)
Net cash (outflow)/inflow
from		 investing activities (530,394) (4,203)
Cash flows from financing activities
Loans received 250,000
Loans repayments (350,000) (50,000)
Net cash (outflow)/inflow
from		 financing activities (100,000) (50,000)
Net increase/(decrease)
in cash and		 cash equivalents (275,985) (608,906)
Cash and cash equivalents at the beginning of the reporting period 363,721 972,627
Cash and cash equivalents at the end ofthe reporting period 87,736 363,721
Consisting of:
Cash at bank and
in hand		 125,807 363,721
125,807 363,721

The Schoo l's activ ities are ca rried out within the UK. T he School's f ees compris ed:
2021 2020
Gross fees 6,972,096 5,881,073
Less: Total bursaries, grants and allowances (1,456,651 ) (1,394,633)
5,515,445 4,486,440
Extras and disbursements 313,487 202,195
5,828,932 4,688,635
1b Investment income
2021 2020
Interest receivable 163 345
Dividend income 682 39,318
845 39,663
1c Other income
Unres- Res- Total Unres- Res- Total
tricted tricted 2021 tricted tricted 2020
f
Rent and lettings (2,239) (2,239) 62,619 62,619
Other trading
income		 263,282 263,282 138,835 138,835
Other income 108,384 108,384 89,400 89,400
369,427 369,427 290,854 290,854
1d Donations and gifts
Unres- Res- Tota I Unres- Res- Total
tricted tricted 2021 tricted tricted 2020
Income donations and gifts 65,963 65,963 55,964 55,964
65,963 65,963 55,964 55,964
2 Total expenditure Total expenditure Total expenditure
Depreciation
and Total
Staff costs Other amortisation 2021
K
Cost of raising funds
Trading expenses 177,981 194,297 30,144 402,422
Marketing costs 61,951 61,951
177,981 256,248 30,144 464,373
Charitable activities
Teaching costs 3,526,444 52,047 3,578,491
Welfare 174,859 566,250 741,109
Premises 139,990 758,924 198,058 1,096,972
Support costs of schooling (2a) 409,777 697,741 1,107,518
Governance
costs (2b)		 13,825 13,825
Loss on disposal of shares 130 130
4,251,070 2,088,917 198,058 6,538,045
4,429,051 2,345,165 228,202 7,002,418
Deprec- Total
Staff costs Other iation 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 of schooling (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 of fixed 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

upport costs ofschooling
2021 2020
f
Staff training and recruitment 29,400 26,483
Marketing
activities		 68,438 33,179
Marketing
- commission		 59,452 52,502
Central costs 413,930 383,421
Legal and professional 21,675 61,609
Finance costs 104,846 171,160
697,741 728,354

2021 2020
Audit and accountancy fees 13,483 16,821
Governors expenses 342 514
13,825 17,335
3 Staff costs
Employment
costs		 2021 2020
f
Wages and salaries 3,599,623 2,892,854
Social security costs 312,187 257,144
Pension costs 517,241 407,853
4,429,051 3,557,852
Number ofemployees
The average
monthly		 number
of		 employees during the year was:
2021 2020
Educational
staff		 100 85
Support staff 65 58
Nursery
staff		 15 14
180 157
The number
of employees		 whose annual emoluments were 260,000 or more were:
2021 2020
number number
280,001 —690,000
4 Net income/(expenditure) for the year
This is stated after charging:
2021f 2020
f
Net income is stated after charging:
Depreciation of tangible fixed assets —owned 226,935 223,490
Amortisation of intangible fixed assets - owned 8,171 23,014
Operating lease rentals - other 167,148 114,448
Auditors remuneration
- Auditor's remuneration 9,925 8,500
- Audit services for the subsidiary 1,950 1,950
—Non-audit services 875 500

Tangible Fixed Assets
Group Freehold All Plant Fixtures
Land and Weather 8 and Motor
Buildings Pitch Equipment Fittings Vehicles Total
E E E
Cost
At
1 August 2020		 7,365,487 362,658 1,261,988 1,255,311 61,035 10,306,479
Additions 330,959 - 155,022 58,295 12,315 556,591
At 31 July 2021 7,696,446 362,658 1,417,010 1,313,606 73,350 10,863,070
Depreciation
At
1 August 2020		 341,037 362,658 1,050,047 1,015,098 61,035 2,829,875
Charged in year 107,281 73,532 45,220 902 226,935
Eliminated on disposal
At 31 July 2021 448,318 362,658 1,123,579 1,060,318 61,937 3,056,810
Net book values
At 1 August 2020 7,024,450 211,941 240,213 7,476,604
At 31 July 2021 7,248,128 293,431 253,288 11,413 7,806,260
Tangible Fixed Assets (con t.)
Charity Freehold All Plant Fixtures
Land and Weather & and Motor
Buildings
f		 Pitch Equipment Fittings
f		 Vehicles
f		 Total
Cost
At 1 August 2020 7,326,650 362,658 1,148,097 1,243,825 61,035 10,142,265
Additions 320,393 143,712 57,963 12,315 534,383
At 31 July 2021 7,647,043 362,658 1,291,809 1,301,788 73,350 10,676,648
Depreciation
At
1 August 2020		 340,261 362,658 1,028,506 1,010,809 61,035 2,803,269
Charged
in year		 106,352 41,490 41,432 902 190,176
Eliminated
on disposal
At 31 July 2021 446,613 362,658 1,069,996 1,052,241 61,937 2,993,445
Net book values
At 1 August 2020 6,986,389 119,591 233,016 7,338,996
At 31 July 2021 7,200,430 221,813 249,547 11,413 7,683,203
8 Intangible fixed assets
Software
Cost
At 1 August 2020 97,553
Additions
At 31 July 2021 97,553
Amortisation:
At 1 August 2020 89,382
Charge
during		 the year 8,171
At 31 July 2021 97,553
Balance at 31 July 2021
Balance at 31 July 2020 8,171
Investments
Charity
2021 2020f
Leweston Enterprises Limited
Ordinary shares of E1 each

A summary
oft		 he trading
results
is shown		 below:
2021 2020
Turnover 258,643 201,454
Cost ofsales (338,269) (288,528)
Gross (loss)/ profit (79,626) (87,074)
Administrative expenses (61,219) (40,842)
Net profit/(loss) before tax (140,845) (127,916)
Donation
payable to Leweston School
Retained
in subsidiary		 (140,845) (127,916)
The assets and liabilities were:
Fixed assets 123,057 137,608
Current assets 162,999 174,795
Current
liabilities		 (540,989) (426,491)
Total net assets (254,933) (114,088)
Representing:
Called
up share		 capital 1 1
Profit and loss account (254,934) (114,089)
(254,933) (114,088)
Stock
2021 2020
Group Charity Group Charity
Consumables and stores 32,460 32,460 11,628 11,628
Stock for resale 58,884 62,410
91,344 32,460 74,038 11,628

11 Debtors
2021 2020
Group Charity Group
f.		 Charity
f
Fees and extras 1,913,296 1,858,851 1,778,685 1,714,828
Less provision
for doubtful		 debts (50,980) (50,980)
Other debtors 21,443 10,565
VAT and other taxes 14,821 7,869
Prepayments
and accrued		 income 60,063 60,063 131,739 131,020
Amount
due from group undertaking		 468,111 396,323
1,994,802 2,387,025 1,884,830 2,199,060
12 Current asset investments
2021 2020
Balance at 1 August 2020 25,352 284,388
Additions 50,668
Disposals (25,352) (282,069)
Gains I(losses) from movements in valuations (1,909)
Accrued interest 463
Cash movement (26,189)
Balance at 31 July 2021 25,352
2021 2020
Property 23,174
Cash 2,178
25,352

2021 2020
Groupf Charity
f		 Groupf Charityf
Other loans 800,000 800,000 900,000 900,000
Trade creditors 353,017 310,784 216,092 190,107
Taxation and social security 628,101 631,916 409,789 409,789
Fees in advance 2,557,883 2,557,883 1,858,012 1,858,012
Other creditors 480,719 449,033 401,476 394,888
VAT and other taxes 3,028
Accruals 12,682 12,682 63,308 63,308
4,835,430 4,762,298 3,848,677 3,816,104
2021 2020
Groupf Charityf Groupf Charityf
Deferred income:
Brought forwards 1,853,757 1,858,012 336,484 335,012
Received in the year 2,557,883 2,557,883 1,853,757 1,858,012
Released in the year (1,853,757) (1,858,012) (336,484) (335,012)
Carried forwards 2,557,883 2,557,883 1,853,757 1,858,012

reditors:
 Amounts
falling due af		 ter more than one year
2021 2020
Groupf Charity Group
f.		 Charity
Other loans 3,209,145 3,209,145 3,189,273 3,189,273
Other creditors 38,071 38,071 121,948 121,948
3,247,216 3,247,216 3,311,221 3,311,221
2021 2020
Other loans Group Charity Group Charity
Repayable by instalments:
In one year or less 50,000 50,000 50,000 50,000
Between one and two years 50,000 50,000 50,000 50,000
Between two and five years 3,109,145 3,109,145 3,089,273 3,089,273
3,209,145 3,209,145 3,189,273 3,189,273

Summary of movement in funds
Transfers
Opening Incoming Outgoing &valuation Closing
Balance Resources Resources gains Balance
Group
Unrestricted funds
General reserve 377,856 6,265,167 (7,002,418) 29,248 (330,147)
Revaluation reserve 1,794,752 (29,248) 1,765,504
Restricted funds
School production 210 210
Total restricted 210 210
Endowment fund 500,000 500,000
2,672,818 6,265,167 (7,002,418) 1,935,567
Summary of movement in funds —prior year
Prior year Transfers
Opening Incoming Outgoing &valuation Closing
Group Balance Resources
f		 Resources gains Balance
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

Analysis ofassets between fu nds
Unrestricted Restricted Endowment Total
Funds Funds Funds 2021
f
Group.
Tangible fixed assets 7,806,260 7,806,260
Intangible
assets
Current assets 1,711,743 210 500,000 2,211,953
Current liabilities (4,835,430) (4,835,430)
Long term liabilities (3,247,216) (3,247,216)
As at 31 July 2021 1,435,357 210 500,000 1,935,567
Unrestricted Restricted Endowment Total
Prior year Funds Funds Funds
f		 2020
Group
Tangible fixed assets 7,476,604 7,476,604
Intangible
assets		 8,171 8,171
Current assets 1,847,731 210 500,000 2,347,941
Current liabilities (3,848,677) (3,848,677)
Long term liabilities (3,311,221) (3,311,221)
As at 31 July 2020 2,172,608 210 500,000 2,672,818
17 Obligations Obligations under leases
The total future
minimum		 rentals payable under non-cancellable operating
leases		 funded
by
unrestricted funds are as follows:
2021 2020
f f
Due within one year 149,770 176,303
Due between two to five years 317,997 401,546
Due in over five years 75,000 112,500
542,767 690,349