||Page|
|---|---|
|Report ofthe Trustees|1 to 9|
|Report ofthe Independent
Auditors|10 to 11|
|Statement
of Financial Activities|12|
|Balance Sheet|13 to 14|
|Cash Flow Statement||
|Notes to the Cash Flow Statement|16|
|Notes to ihe Financial Statements|17to 23|
|Detailed Statement of Financial Activities|24to 25|
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|||f|or the Year E|nded 31Au
ust 2|020|||
|---|---|---|---|---|---|---|---|
|||||||31.8.20|31.8.19|
|||||Unrestricted|Restricted|Total funds|Total funds|
|||||funds|funds|||
||||Notes|f|f|E|E|
|INCOME AND ENDOWMENTS||FROM||||||
|Donations|and legacies|||60,830||60,830|26,382|
|Charitable|activities|||||||
|Education||||1,531,002||1,531,002|1,489,377|
|Investment|income|||13,755||13,755|16,547|
|Other income||||19,154||19,154|11,876|
|Total||||1,624,741||1,624,741|1,544,182|
|EXPENDITURE ON||||||||
|Charitable|activities|||||||
|Education||||1,667,499||1,667,499|1,696,352|
|NET INCOME/(EXPENDITURE)||||(42,758)||(42,758)|(152,170)|
|RECONCILIATION
OF FUNDS||||||||
|Total funds|brought forward|||1,773,367||1,773,367|1,925,537|
|TOTAL FUNDS CARRIED FORWARD||||1,730,609||1,730,609|1,773,367|
##
|||||31.8.20|31.8.19|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total funds|Total funds|
|||funds|funds|||
||Notes|E|f|E|f|
|FIXEDASSETS||||||
|Tangible assets||1,061,096||1,061,096|1,093,454|
|CURRENT ASSETS||||||
|Debtors|12|17,774||17,774|19,027|
|Cash at bank||934,080||934,080|982,317|
|||951,854||951,854|1,001,344|
|CREDITORS||||||
|Amounts
falling due within one year|13|(226,740)||(226,740)|(264,424)|
|NET CURRENT ASSETS||725,114||725,114|736,920|
|TOTAL ASSETS LESSCURRENT LIABILITIES||1,786,210||1,786,210|1,830,374|
|CREDITORS||||||
|Amounts
falling due after more than one year|14|(55,601)||(55,601)|(57,007)|
|NET ASSETS||1,730,609||1,730,609|1,773,367|
|FUNDS|15|||||
|Unrestricted
funds||||1,730,609|1,773,367|
|TOTAL FUNDS||||1,730,609|1,773,367|
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||||for the Ye|ar Ended 31Au
us|t 2020||
|---|---|---|---|---|---|---|
||||||31.8.20|31.8.19|
|||||Notes|f|E|
|Cash flows from operating|activities:||||||
|Cash used in operations|||||(14,454)|(92,565)|
|Interest paid|||||||
|Net cash provided
by/used|in) operating||activities||(14,454)|(92,565)|
|Cash flows from investing|activities:||||||
|Purchase oftangible fixed|assets||||(43,196)|(64,558)|
|Interest received|||||9,413|9,293|
|Net cash provided
by/ (used in) investing|||activities||(33,783)|(55,265)|
|Change
in cash and cash equivalents||in the|||||
|reporting
period|||||(48,237)|(147,830)|
|Cash and cash equivalents|at the beginning ofthe||||||
|reporting
period|||||982,317|1,130,147|
|Cash and cash equivalents|at the end|of|the||||
|reporting
period|||||934,080|982,317|
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|RECONCILIATION|OF NET|OF NET|INCOME/(EXPENDITURE)|INCOME/(EXPENDITURE)|INCOME/(EXPENDITURE)|TO NET CASH FLOW FROM|OPERATING ACTIVITIES|OPERATING ACTIVITIES|
|---|---|---|---|---|---|---|---|---|
||||||||31.8.20|31.8.19|
||||||||E|E|
|Net income/(expenditure)|||for the reporting||period|(as per the statement|||
|offinancial activities)|||||||(42,758)|(152,170)|
|Adjustments
for:|||||||||
|Depreciation
charges|||||||75,554|89,162|
|Interest received|||||||(9,413)|(9,293)|
|Decrease/(increase)|in debtors||||||1,253|(2,076)|
|Decrease in creditors|||||||(39,090)|(18,188)|
|Net cash provided|by (used in) operating|||activities|||(14,454)|(92,565)|
|ANALYSIS OF CHANGES||IN NET FUNDS|||||||
|||||||At 1.9.19|Cash flow|At 31.8.20|
|||||||f|E|f|
|Net cash|||||||||
|Cash at bank||||||982,317|(48,237)|934,080|
|Total||||||982,317|(48,237)|934,080|
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|Freehold|building|&improvements|- 2/o on cost and Straight|line over 10years|line over 10years|
|---|---|---|---|---|---|
|Freehold|land||- Not provided|||
|Equipment|&Website||-Straight
line over 5years|and Straight|line over 10years|
|Motor vehicles|||-Straight
line over 4years|||
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##
|2.|DONATIONS|DONATIONS|AND LEGACIES|AND LEGACIES|||||
|---|---|---|---|---|---|---|---|---|
||||||||31.8.20|31.8.19|
||||||||f|f|
||Donations||||||6,287|26,382|
||Grants||||||54,543||
||||||||60,830|26,382|
||Grants received, included|||in the|above, are as follows;||||
||||||||31.8.20|31.8.19|
||||||||f||
||Furlough|grant|||||54,543||
|3.|INVESTMENT||INCOME||||||
||||||||31.8.20|31.8.19|
|||||||||f|
||Rents received||||||4,342|7,254|
||Interest received||||||9,413|9,293|
||||||||13,755|16,547|
|4.|INCOME FROM CHARITABLE ACTIVITIES||||||||
||||||||31.8.20|31.8.19|
||||||Activity||f|f|
||School||||Education||1,260,440|1,264,509|
||Nursery||||Education||310,060|187,666|
||Extras / Extra||lessons||Education||47,326|54,006|
||Meals||||Education||71,996|108,813|
||Bursaries|and|discounts||Education||(158,820)|(125,617)|
||||||||1,531,002|1,489,377|
|5.|CHARITABLE||ACTIVITIES|COSTS|||||
|||||||Direct costs|Support costs|Totals|
||||||||(See note 6)
f|f|
||Education||||||8,060|1,667,499|
|6.|SUPPORT|COSTS|||||||
|||||||||Governance|
|||||||||costs|
|||||||||f|
||Education|||||||8,060|
##
##
##
|Net incom|e/(expenditur|e)
is stated a|fter charging/(crediting).|||
|---|---|---|---|---|---|
|||||31.8.20|31.8.19|
|||||E|f|
|Auditors'|remuneration|||7,060|4,650|
|Auditors'|remuneration|for non-audit|work|1,000|1,820|
|Depreciation
-owned||assets||75,554|89,162|
##
##
##
##
|||31.8.20|31.8.19|
|---|---|---|---|
|||f|E|
|Wages|and salaries|996,666|984,189|
|Social|security costs|78,146|80,424|
|Other|pension costs|111,915|111,111|
|||1,186,727|1,175,724|
|The average
monthly
num|ber ofemployees|during the year was as follow|s:||
|---|---|---|---|---|
||||31.8.20|31.8.19|
|Teaching|||29|27|
|Administration||||8|
|Domestic|||7|8|
||||44|43|
|The number ofemployees|whose employee|benefits (excluding employer|pension costs) exceeded|f60,000was:|
||||31.8.20|31.8.19|
|E80,001 - E90,000|||1|1|
##
##
||||Unrestricted|Restricted|Total funds|
|---|---|---|---|---|---|
||||funds|funds||
||||E|E|E|
|INCOIVIE AND ENDOWMENTS||FROM||||
|Donations
and legacies|||26,382||26,382|
|Charitable
activities||||||
|Education|||1,489,377||1,489,377|
|Investment
income|||16,547||16,547|
|Other income|||11,876||11,876|
|Total|||1,544,182||1,544,182|
|EXPENDITURE ON||||||
|Charitable
activities||||||
|Education|||1,696,352||1,696,352|
|NET EXPENDITURE|||(152,170)||(152,170)|
|Transfers between|funds||21,840|(21,840)||
|Net movement
in funds|||(130,330)|(21,840)|(152,170)|
|RECONCILIATION
OF FUNDS||||||
|Total funds brought|forward||1,903,697|21,840|1,925,537|
|TOTAL FUNDS CARRIED FORWARD|||1,773,367||1,773,367|
##
|11.|TANGIBLE FIXEDASSE|TS|||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||Freehold||||||||
||||building|R,|||Equipment|8|Motor||
||||improvements||Freehold|land|Website||vehicles|Totals|
||||E|||f|E||E|E|
||COST||||||||||
||At 1September 2019||977,957||300,000||305,489||52,482|1,635,928|
||Additions||||||43,196|||43,196|
||Disposals||||||(74,771)|||(74,771)|
||At 31August 2020||977,957||300,000||273,914||52,482|1,604,353|
||DEPRECIATION||||||||||
||At 1September 2019||327,209||||171,654||43,611|542,474|
||Charge for year||34,656||||32,027||8,871|75,554|
||Eliminated
on disposal||||||(74,771)|||(74,771)|
||At 31August 2020||361,865||||128,910||52,482|543,257|
||NET BOOK VALUE||||||||||
||At 31August 2020||616,092||300,000||145,004|||1,061,096|
||At 31August 2019||650,748||300,000||133,835||8,871|1,093,454|
|12.|DEBTORS:AMOUNTS|FALLING DUE WITHIN ONE YEAR|||||||||
||||||||||31.8.20|31.8.19|
||||||||||E|E|
||Fees receivable||||||||10,177|9,155|
||Prepayments||||||||7,597|9,692|
||Other debtors|||||||||180|
||||||||||17,774|19,027|
|13.|CREDITORS: AMOUNTS||FALLING DUE WITHIN ONE YEAR||||||||
||||||||||31.8.20|31.8.19|
||||||||||f|f|
||Social security and other||taxes||||||19,597|20,723|
||Other creditors||||||||38,980|37,610|
||Pensions|||||||||15,325|
||Accruals and deferred|income|||||||168,163|190,766|
||||||||||226,740|264,424|
|14.|CREDITORS: AMOUNTS||FALLING DUE AFTER||MORE THAN ONE||YEAR||||
||||||||||31.8.20|31.8.19|
||||||||||E|E|
||Deposits||||||||55,601|57,007|
##
##
||||||||||Net||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||movement
in||
|||||||||At 1.9.19|funds|At 31.8.20|
|||||||||E|f|f|
|Unrestricted|funds||||||||||
|General fund||||||||1,773,367|(42,758)|1,730,609|
|TOTAL FUNDS||||||||1,773,367|(42,758)|1,730,609|
|Net movement||in funds, included||in the above|are as follows:||||||
|||||||||Incoming|Resources|Movement
in|
|||||||||resources|expended|funds|
|||||||||E|f|E|
|Unrestricted|funds||||||||||
|General
fund||||||||1,624,741|(1,667,499)|(42,758)|
|TOTAL FUNDS||||||||1,624,741|(1,667,499)|(42,758)|
|Comparatives||for movement|in|funds|||||||
|||||||||Net|Transfers||
|||||||||movement
in|between||
|||||||At 1.9.18||funds|funds|At 31.8.19|
||||||||E|E|E|f|
|Unrestricted|Funds||||||||||
|General fund||||||1,903,697||(152,170)|21,840|1,773,367|
|Restricted
Funds|||||||||||
|Conservatory|||||||21,840||(21,840)||
|TOTAL FUNDS||||||1,925,537||(152,170)||1,773,367|
|Comparative|net movement||in funds, included||in|the|above are|as follows:|||
|||||||||Incoming|Resources|Movement
in|
|||||||||resources|expended|funds|
|||||||||f|E|E|
|Unrestricted|funds||||||||||
|General
fund||||||||1,544,182|(1,696,352)|(152,170)|
|TOTAL FUNDS||||||||1,544,182|(1,696,352)|(152,170)|
##
##
|||||Net|Transfers||
|---|---|---|---|---|---|---|
||||movement|in|between||
|||At 1.9.18|funds||funds|At 31.8.20|
|||f|f||f|f|
|Unrestricted|funds||||||
|General fund||1,903,697|(194,928)||21,840|1,730,609|
|Restricted funds|||||||
|Conservatory||21,840|||(21,840)||
|TOTAL FUNDS||1,925,537|(194,928)|||1,730,609|
|||Incoming|Resources|Movement
in|
|---|---|---|---|---|
|||resources|expended|funds|
|||f|f|f|
|Unrestricted|funds||||
|General fund||3,168,923|(3,363,851)|(194,928)|
|TOTAL FUNDS||3,168,923|(3,363,851)|(194,928)|
##
##
||for the Year Ended 3|1Au
ust 2020||
|---|---|---|---|
|||31.8.20|31.8.19|
|||E|f|
|INCOME AND ENDOWMENTS||||
|Donations
and legacies||||
|Donations||6,287|26,382|
|Grants||54,543||
|||60,830|26,382|
|Investment
income||||
|Rents received||4,342|7,254|
|Interest received||9,413|9,293|
|||13,755|16,547|
|Charitable
activities||||
|School||1,260,440|1,264,509|
|Nursery||310,060|187,666|
|Extras / Extra lessons||47,326|54,006|
|Meals||71,996|108,813|
|Bursaries and discounts||(158,820)|(125,617)|
|||1,531,002|1,489,377|
|Other income||||
|Sundry income||19,154|11,876|
|Total incoming resources||1,624,741|1,544,182|
|EXPENDITURE||||
|Charitable
activities||||
|Wages||996,666|984,189|
|Socia I security||78,146|80,424|
|Pensions||111,915|111,110|
|Rates||27,234|26,612|
|Insurance||16,638|20,108|
|Fuel and light||35,945|24,951|
|Maintenance||45,002|36,870|
|Repairs and renewals||8,430|9,211|
|Garden maintenance||1,751|4,714|
|Provision offood||108,191|146,229|
|Motor costs||3,183|1,850|
|Curricula
and library||29,252|28,176|
|Training||5,512|11,054|
|Advertising||20,230|15,991|
|Recruitment||1,320|1,880|
|Legal, professional|and subscription|32,137|35,233|
|Carried forward||1,521,552|1,538,602|
##
|||for the Year Ended 31Au us|t 2020||
|---|---|---|---|---|
||||31.8.20|31.8.19|
||||f|E|
|Charitable
activities|||||
|Brought forward|||1,521,552|1,538,602|
|Travelling|||1,184|12,114|
|Print, post and stationery|||9,635|6,722|
|Telephone|||4,230|3,826|
|Computer
consumables|and licences||39,892|31,218|
|Sundry|||5,550|6,564|
|Freehold
building
and improvements||depreciation|34,656|34,655|
|Equipment
and website|depreciation||32,027|45,637|
|Motor vehicles depreciation|||8,871|8,870|
|Bank charges|||1,842|1,674|
||||1,659,439|1,689,882|
|Support costs|||||
|Governance
costs|||||
|Auditors'
remuneration|||7,060|4,650|
|Auditors'
remuneration|for non-audit|work|1,000|1,820|
||||8,060|6,470|
|Total resources expended|||1,667,499|1,696,352|
|Net expenditure|||(42,758)|(152,170)|