2021-08-31-accounts - Gayhurst School Trust

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				Unrestricted	Total	Total
				Total	Funds	Funds
INCOME FROM:				2021	2021	2020
			Notes	E	E	E
Charitable Activities:
Fees receivable			2	4,300,567	4,300,567	3,979,702
Grants and donations				44,240	44,240	105,600
Investments				3,336	3,336	15,064
Other				41,510	41,510	38,191
Total				4,389,653	4,389,653	4,138,557
EXPENDITURE ON:
Charitable Activity
School Operating		Costs:
Teaching costs				2,524,716	2,524,716	2,568,300
Welfare				295,879	295,879	290,328
Premises				643,360	643,360	625,808
Support costs of		schooling		423,112	423,112	411,906
Finance costs				4,924	4,924	56,774
Total				3,891,991	3,891,991	3,953,116
Net Income				497,662	497,662	185,441
Transfers between		funds
Net movement in		funds		497,662	497,662	185,441
Balance brought	forward			6,127,282	6,127,282	5,941,841
Balance carried	forward			6,624,944	6,624,944	6,127,282

			2021	2020
		Notes
FIXED ASSETS
Tangible assets			4,246, 072	4,378,156
CURRENT ASSETS
Debtors —fees			422	151
Other debtors			7 773	72 723
Prepayments	and accrued income		49,437	16,925
Total debtors			57,632	89,799
Cash at bank	and in hand		3,624,131	2,899,146
			3,681,763	2,988,945
CURRENT LIABILITIES
Creditors and	accruals	6	(1,102,505)	(908,346)
Bank loan		8	(131,087)	(131,098)
			(1,233,592)	(1,039,444)
NET CURRENT ASSETS			2,448,171	1,949,501
TOTAL ASSETS LESS CURRENT
LIABILITIES			6,694,243	6,327,657
CREDITORS:	due after more than
one year			(69,299)	(200,375)
NET ASSETS			6,624,944	6,127,282
FUNDS
Unrestricted	funds		6,624,944	6,127,282
			6,624,944	6,127,282

											2021	2020
											E	E
Cash flows from operating		activities:
Net cash provided by operating				activities					A		962,393	385,128
Cash flows from investing		activities:
Interest received											3,336	15,064
Payments for tangible fixed assets										(109,658)		(53,130)
Net cash used in investing		activities								(106,322)		(38,066)
Cash flow from financing		activities
Repayment of long term	loan									(131,086)		(83,109)
										(131,086)		(83,109)
Net cash used by financing activities
Change in cash and	cash		equivalents				in	the			724,985	263,953
reporting period
Cash and cash equivalents		at	the		beginning		of	the		2,899,146		2,635,193
reporting period
Cash and cash equivalents			at		the	end	of	the
reporting period									B	3,624,131		2,899,146
A. Reconciliation of net		movements				in funds		to	net cash flow from operating		activities
											2021	2020
											E	E
Net movement in funds	for the			reporting			period
(as per the statement of		financial			activities)						497,662	185,441
Adjustments for:
Depreciation charges											238,714	266,661
Interest received											(3,336)	(15,064)
Decrease in debtors											32,167	1,435
(Decrease) /increase in creditors											194,159	(53,345)
Loss on disposal of fixed	assets										3,027
Net cash provided by operating				activities							962,393	385,128
B. Analysis of cash and	cash		equivalents								2021	2020
											E	E
Cash at bank and in hand										3,624,131		2,899,146
Total cash and cash equivalents										3,624,131		E2,899,146

lowing rates:
LLH and Buildings				- 2X on cost
Furniture, Fittings	and	Equipment		- 10Xon cost.
Short Leasehold Property			(Boilers)	- 10Xon cost
All Weather Pitches				- 10Xon cost
Grounds Works				- 10Xon cost
Minibuses Et Motorised		Equipment		- 20X on cost
IT Equipment				- 25X on cost

2.	FEES RECEIVABLE	FEES RECEIVABLE	FEES RECEIVABLE	FEES RECEIVABLE				Unrestricted	Unrestricted
								funds	funds
								2021	2020
								E	E
	Gross fees							4,404,956	4,101,621
	Less: bursaries		and discounts					(145,266)	(189,529)
	Fees (net)							4,259,690	3,912,092
	Extras and	disbursements						34,741	63,734
								4,294,431	3,975,826
	Registration	fees						6,136	3,876
	Deposits forfeited
								4,300,567	E3,979,702
3.	ANALYSIS	OF TOTAL RESOURCES				EXPENDED
	2021					Staff costs	Other	Depreciation	Total
						E	E	E	E
	Charitable	Activity:
	School operating			costs:
	Teaching costs					2,205,472	319,244		2,524,716
	Welfare						295,879		295,879
	Premises					69,052	335,594	238,714	643,360
	Support and governance				costs	286,048	137,064		423,112
	Finance costs						4,924		4,924
						2,560,572	1,092,705	238,714	3,891,991
	2020					Staff costs	Other	Depreciation	Total
						E	E	E	E
	Charitable	Activity:
	School operating			costs:
	Teaching costs					2,219,585	348,715		2,568,300
	Welfare						290,328		290,328
	Premises					77,075	282,072	266,661	625,808
	Support and governance				costs	259,968	151,938		411,906
	Finance costs						56,774		56,774
						E2,556,628	E1,129,827	E266,661	E3,953,116

								2021	2020
								E	E
Expenditure includes
Auditors	remuneration		-	Audit (including	VAT)			14,520	14,520
-	Other non-audit			services				1,140	1,440
Operating	lease rentals		-	Plant and machinery				14,842	15,703
-	Other Assets							83,000	82,167
STAFF COSTS								2021	2020
								E	E
Salaries and wages								2,132,933	1,990,855
Social security costs								212,243	198,247
Pension costs								215,396	367,526
								2,560,572	2,556,628
								2021	2020
								E	E
Aggregate	employee	benefits of key management					personnel	302,082	289,461
The number of employees				whose emoluments		exceeded E60,000 were
								No	No
E60,000 - E70,000
E110,001	- E120,000

Teaching	48	47
Premises	3	3
Support	7	7
		57

F	OR THE YEAR ENDED 31 AU	GUST 2021
5.	TANGIBLE FIXED ASSETS
		Long LfH	Furniture	Short	AII	Grounds	MInibusesl	ICT	Total
		Land and	Fixtures &	Leasehold	Weather	Works	Motorised	Equipment
		Buildings	Equipment	Improvement	Pitches		Equipment
		E	E	E	E		E
	Cost
	At 1 September 2020	5,348,944	922,414	450,787	77,792	250,100	52,395	303,748	7,406,180
	Additions	18,454	12,226	27,928			43,426	7,624	109,658
	Disposals		(561,839)			(118,528)	(40,666)	(88,761)	(809,794)
	At 31August 2021	5,367,398	372,801	478,715	77I792	131I572	55,155	222,611	6,706,044
	Depreciation
	At 1 September 2020	1,552,456	853,741	143,667	11,669	196,079	35,097	235,315	3,028I024
	Charge for the year	102,323	29,046	46,941	7,779	12,990	8,977	30,659	238,715
	Disposals		(561,839)			(118,528)	(37,639)	(88,761)	(806,767)
	At 31August 2021	1,654,779	320,948	190,608	19,448	90,541	61435	177,213	2,459,972
	Net Book Value
	At 31 August 2021	E3,712,619	E51,853	E288,107	E58,344	E41,031	E48,720	E45,398	E4,246,072
	At 31 August 2020	E3,796,488	E68,673	E307,120	E66,123	E54,021	E17,298	E68,433	E4,378,156

6.	CREDITORS: Due within	CREDITORS: Due within	CREDITORS: Due within	one	year		2021	2020
							E	E
	Deferred	income - fees		in advance			657,947	441,678
	Taxation	and social	security				54,348	52,903
	Deposits	refundable	and other creditors				256,860	246,577
	Trade creditors and		accruals				130,054	163,955
	Pension						3,306	3 233
	Composition fees
							E1,102,515	E908,346
	All brought forward		deferred		income was released	during the year.
7.	CREDITORS: due after			more	than one year		2021	2020
							E	E
	Bank loan	(note 8)					69,299	200,375
							E69,299	E200,375

2021	2020
E	E

Amounts falling due:
Within one year

The bala	nce repr	esents the accrued liability under contracts.	The movements during the year were:
Brought	forward		28,084
Additions	in year
Amounts	utilised	in the year	(28,804)

BANK LOAN	BANK LOAN		2021	2020
			E	E
Amounts	falling	due
- between	one and two years		69,299	131,098
- between	two and five years			69,277
- after more than five years
			69,299	200,375
Within one year		—bank loan	131,087	131,098
			200,386	E331,473

	The company is a registe	red charity a	nd no taxation	is payable on its inco	me.
10.	FUNDS			Unrestricted	Restricted	Total
				Funds	Funds	Funds
				E	E	E
	Balance at 1 September	2020		6,127,282		6,127,282
	Net income			497,622		497,622
	Transfer
	Balance carried forward	at 31 August	2021	6,624,944		6,624,944
	PRIOR YEAR COMPARATIVE OF FUNDS			Unrestricted	Restricted	Total
				Funds	Funds	Funds
				E	E	E
	Balance at 1 September	2019		5,941,841		5,941,841
	Net income			185,441		185,441
	Transfer
	Balance carried forward	at 31 August	2020	E6,127,282		E6,127,282

At 31 August 2021 the charity ha for as foll,ows:	At 31 August 2021 the charity ha for as foll,ows:	d annual commitm	ents under non-can	cellable operati	ng leases
Land and buildings		2021	2020	2021	2020
		E	E	E	E
		Main	School	Adrien	House
Expiry date
- Within one year		69,167	69,167	8,667	13,000
- Within two to five years		24,999	94,166		8,667
		94,166	E163,333	8,667	E21,667
				2021	2020
				E	E
Operating	leases
Expiry date
- Within one year				14,842	15,739
- Within two to five years				3,980	18,000
				19,106	E33,739

NET DEBT RECONCILIATION				At 1	Cashflows	Other non-	At 31
				Sept'20		cash	Aug'21
						changes
						E
Cash at bank and in hand				2,899,146	724,987		3,624,133
Secured bank loan falling due within		1		(131,098)	(131,098)	(131,087)	(131,087)
year
Secured bank loan falling due less than			5	(200,375)		131,087	(69,299)
years
NET DEBT RECONCILIATION	2020			At 1	Cashflows	Other non-	At 31
				Sept'19		cash	Aug'20
						changes
					E	E	E
Cash at bank and in hand				2,635,193	263,953		2,899,146
Secured bank loan falling due within		1		(143,013)	(11,915)	11,915	(131,098)
year
Secured bank loan falling due less than			5	(271,569)		(71,194)	(200,375)
years

					Unrestricted	Total
					Total	Funds
INCOME FROM:					2020	2020
				Notes	E	E
Charitable Activities:
Fees receivable				2	3,979,702	3,979,702
Covenants ancC	donations				105,600	105,600
Investments					15,064	15,064
Other					38,191	38,191
Total					E4,138,557	E4,138,557
EXPENDITURE ON:
Charitable Activity
School Operating			Costs:
Teaching costs					2,568,300	2,568,300
Welfare					290,328	290,328
Premises					625,808	625,808
Support costs	of		schooling		411,906	411,906
Finance costs					56,774	56,774
Total					E3,953,116	E3,953,116
Net Income					185,441	185,441
Transfers between			funds
Net movement	in		funds		185,441	185,441
Balance brought		forward			5,941,841	5,941,841
Balance carried		forward			E6,127,282	E6,127,282