2021-08-31-accounts - Staines Preparatory School Trust

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					Page
Reference and administrative		details ofthe Company,	its Governors	and advisers
Governors' report					2-7
Independent auditor's	report	on the financial statements			8-10
Statement offinancial	activities
Balance sheet					12
Statement ofcash flows					13
Notes to the financial	statements				14-29

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2021	2021	2021	2020
		Note	6	6	6	8
Income from:
Donations and	grants		51,367		51,367	97,999
Charitable activities			3,241,803		3,241,803	3,505,767
Investments			712		712	9,640
Other income			45,050		45,050	42,678
Total income			3,338,932		3,338,932	3,656,084
Expenditure on:
Charitable activities		7	3,358,359	2,030	3,360,389	3,611,569
Total expenditure			3,358,359	2,030	3,360,389	3,611,569
Net movement	in funds		(19,427)	(2,030)	(21,457)	44,515
Reconciliation	offunds:
Total funds brought forward			5,076,426	8,120	5,084,546	5,040,031
Net movement	in funds		(19,427)	(2,030)	(21,457)	44,515
Total funds carried forward			5,056,999	6,090	5,063,089	5,084,546

			Note		2021f		2020f
Fixed assets
Tangible assets					5,560,622		5,654,670
Current assets
Debtors			12	103,499		129.645
Cash at bank and in hand				1,448,005		1,387,211
				1,551,504		1,516,856
Creditors: amounts	falling	due within one
year			13	(671,541)		(633,440)
Net current assets					879,963		883,416
Total assets less current		liabilities			6,440,585		6,538,086
Creditors: amounts	falling	due aRer more
than one year			14		(1,377,496)		(1,453,540)
Total net assets					5,063,089		5,084,546
Charity funds
Restricted funds			15		6,090		8,120
Unrestricted funds			15		5,056,999		5,076,426
Total funds					5,063,089		5,084,546

		FOR T	HE	YEAR ENDED 31AU	GUST 2021
						2021	2020
					Note	6	6
Cash flows from operating		activities
Net cash used in operating	activities				18	241,243	178,370
Cash flows from investing		activities
Interest received						712	9,640
Purchase oftangible fixed assets						(102,602)	(161,159)
Net cash used in investing		activities				(101,890)	(151,519)
Cash flows from financing		activities
Repayments of borrowing						(78,559)	(74,821)
Net cash used in financing		activities				(78,559)	(74,821)
Change in cash and cash		equivalents	in	the year		60,794	(47,970)
Cash and cash equivalents		at the beginning		ofthe year		1,387,211	1,435,181
Cash and cash equivalents		at the end	of	the year	19	1,448,005	1,387,211

iation is provided	on the	following	basis:
Freehold property			2% straight	line
Mini bus			25% reducing	balance
Fixtures, fittings,	furniture	and	15% reducing	balance
equipment (excluding
computers)
Computers			33% straight	line
Netbafi court and	portacabins		25% reducing	balance

				Unrestricted		Restricted	Total	Total
				funds		funds	funds	funds
				2021		2021	2021	2020
					8	F	8	8
Donations				12,273			12,273	4,109
Government	grants			39,094			39,094	93,890
				51,367			51,367	97,999
Total 2020				97,775		224	97,999
Government	grants relate		to the Coronavirus	Job Retention	Scheme grant.
Income from		charitable	activities
						Unrestricted	Total	Total
						funds	funds	funds
						2021	2021	2020
						8	8	8
Gross fees						3,335,851	3,335,851	3,514,736
Less bursaries		and discounts				(162,099)	(162,099)	(213,933)
SPARKS						19,288	19,288	57,939
Fees in lieu						7,530	7,530
Extras						11,334	11,334	71,336
Disbursements						29,899	29,899	75,689
						3,241,803	3,241,803	3,505,767
Total 2020						3,505,767	3,505,767

		Unrestricted	Total	Total
		funds	funds	funds
		2021	2021	2020
			6	6
Investment	income	712	712	9,640
Total 2020		9,640	9,640

		Unrestricted	Total	Total
		funds	funds	funds
		2021	2021	2020
		6	6	F
Other income		7,379	7,379	8,560
Commission	and letting income	37,671	37,671	34,118
		45,050	45,050	42,678
Total 2020		42,678	42,678

						Unrestricted	Restricted	Total	Total
						funds	funds	funds	funds
						2021f	2021 8	2021 8	2020
Teaching						2,039,608		2,039,608	2,289,616
Welfare and		catering				212,913		212,913	182,184
Premises						472,457		472,457	437,125
Administration			costs			552,059	2,030	554,089	614,241
Bank interest						70,822		70,822	78,503
Governance		costs				10,500		10,500	9,900
						3,358,359	2.030	3,360,389	3,611,569
Total 2020						3,608,637	2,932	3,611,569
Summary	by		expenditure	type
								Total	Total
					Staff costs	Depreciation	Other costs	funds	funds
					2021	2021	2021	2021	2020
					8	6	6	6	6
Teaching					1,924,425		115,183	2,039,608	2,289,616
We(fare and		catering			22,495		190,418	212,913	182,184
Premises					83,056	117,889	271,512	472,457	437,125
Administration			costs		320,668	78,761	154,660	554,089	614,241
Bank interest							70,822	70,822	78,503
Governance		costs					10,500	10,500	9,900
					2,350,644	196,650	813,095	3,360,389	3,611,569
Total 2020					2,420,427	207,849	983,293	3,611,569

								2021	2020
									8
Fees payable	to the Company's		auditor		for	the audit ofthe	Company's
annual accounts								9,800	9,220
Fees payable	to the Company's		auditor		in respect of:
All non-audit	services	not induded		above				700	680
Staff costs
								2021	2020
								8	8
Wages and salaries								1,891,240	1,943,788
Social security costs								166,948	162,619
Contribution	to defined	contribution		pension schemes				292,456	314,020
								2,350,644	2,420,427
The average	number	ofpersons	employed			by the Company	during the year	was as follows:
								2021	2020
								No.	No.
Teaching staff								47	49
Support staff								27	27
								74	76

	Freehold	Motor	Fixtures and
	property	vehicles	fittings	Total
	6	6		8
Cost or valuation
At 1 September 2020	6,717,486	50,061	1,336,120	8,103,667
Additions	3,790		98,812	102,602
At 31 August 2021	6,721,276	50,061	1,434,932	8,206,269
Depreciation
At 1 September 2020	1,465,025	41,942	942,030	2,448,997
Charge for the year	117,889	2,030	76,731	196,650
At 31 August 2021	1,582,914	43,972	1,018,761	2,645,647
Net book value
At 31 August 2021	5,138,362	6,089	416,171	5,560,622
At 31 August 2020	5,252461	8,119	394,090	5,654,670

			2021	2020
			6	8
Trade debtors			14,780	17,802
Other debtors			1,136	25,369
Prepayments	and accrued income		87,583	86,474
			103,499	129,645
Creditors: Amounts		falling due within one year
			2021 8	2020f
Bank loans			87,580	83,545
Trade creditors			1,137	82,209
Other taxation	and social security		42,049	42,494
Fee deposits	held		40,790	42,137
Other creditors			40,905	34,045
Accruals and	deferred	income	459,080	349,010
			671,541	633,440

	2021	2020
	8
Bank loans	1,232,446	1,315,040
Fee deposits held	145,050	138,500
	1,377,496	1,453,540

					2021	2020
					6	6
Payable	or	repayable	by	instalments	847,186	925,745

Statement offunds	- current	year
		Balance at 1				Balance at
		September			Transfers	31August
		2020	Income	Expenditure	in/out	2021
			8	6	6
Unrestricted funds
Designated funds
Freehold property		3,853,876		(117,889)	82,349	3,818,336
General funds
General funds		1,222,550	3,338,932	(3,240,470)	(82,349)	1,238,663
Total Unrestricted	funds	5,076,426	3,338,932	(3,358,359)		5,056,999
Restricted funds
Restricted funds		8,120		(2,030)		6,090
Total offunds		5,084,546	3,338,932	(3,360,389)		5,063,089

Statement offunds	- prior y	ear
			Balance at				Balance at
		1	September			Transfers	31 August
			2019f	Income f	Expenditure f	in/out	2020f
Unrestricted funds
Designated funds
Freehold property			3,896,868		(117,813)	74,821	3,853,876
General funds
General funds			1,132,028	3,655,860	(3,490,824)	(74,514)	1,222,550
Total Unrestricted	funds		5,028,896	3,655.860	(3,608,637)	307	5,076,426
Restricted funds
Restricted funds			11,135	224	(2,932)	(307)	8,120
Total offunds			5,040,031	3,656,084	(3,611,569)		5,084,546
Summary offunds
Summary offunds	- current	year
		Balance at 1					Balance at
			September			Transfers	31August
			2020f	Income f	Expenditure f	infoutf	2021
Designated funds			3,853,876		(117,889)	82,349	3,818,336
General funds			1,222,550	3,338,932	(3,240,470)	(82,349)	1,238,663
Restricted funds			8,120		(2,030)		6,090
			5,084,546	3,338,932	(3,360,389)		5,063,089

		Balance at				Balance at
		1 September			Transfers	31 August
		2019f	Income f	Expenditure f	in/out	2020f
Designated	funds	3,896,868		(117,813)	74,821	3,853,876
General funds		1,132,028	3,655,860	(3,490,824)	(74,514)	1,222,550
Restricted	funds	11,135	224	(2,932)	(307)	8,120
		5,040,031	3,656,084	(3,611,569)		5,084,546

Analysis ofnet assets between funds - current year
	Unrestricted	Restricted	Total
	funds	funds	funds
	2021f	2021f	2021f
Tangible fixed assets	5,554,532	6,090	5,560,622
Current assets	1,551,504		1,551,504
Creditors due within one year	(671,541)		(671,541)
Creditors due in more than one year	(1,377,496)		(1,377,496)
Total	5,056,999	6,090	5,063,089
Analysis ofnet assets between funds - prior year
	Unrestricted	Restricted	Total
	funds	funds	funds
	2020f	2020 f.	2020f
Tangible fixed assets	5,646,550	8,120	5,654,670
Current assets	1,516,856		1,516,856
Creditors due within one year	(633,440)		(633,440)
Creditors due in more than one year	(1,453,540)		(1,453,540)
Total	5,076,426	8,120	5,084,546

18.	Reconciliation ofne	t	mo	veme	nt	in fun	ds t	o net	cash flow	fro	m operating	activities
												2021	2020
												6	6
	Net income/expenditure			for	the	year	(as	per	Statement	of	Financial
	Activities)											(21,457)	44,515
	Adjustments for:
	Depreciation charges											196,650	207,849
	Interest received											(712)	(9,640)
	Decrease/(increase)	in	debtors									26,146	(20,642)
	Increase//(decrease)	in	creditors									40,616	(43,712)
	Net cash provided by operating					activities						241,243	178,370
19.	Analysis ofcash and		cash equivalents
												2021	2020
													6
	Cash in hand											1,448,005	1,387,211
	Total cash and cash equivalents											1,448,005	1,387,211
20.	Analysis ofchanges		in	net debt
											At 1
										September			At 31
											2020	Cash flows	August 2021
											6	6	6
	Cash at bank and in	hand									1,387,211	60,794	1,448,005
	Debt due within 1 year										(125,682)	(2,688)	(128,370)
	Debt due after 1 year									(1,315,040)		82,594	(1,232,446)
											(53,511)	140,700	87,189