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