|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|7|
|Report ofthe Independent
Auditors|8|to|10|
|Statement ofFinancial Activities||||
|Saiance Sheet||12||
|Cash Flow Statement||13||
|Notes to the Cash Flow Statement||14||
|Notes to the Financial Statements|15|lo|23|
|DetaHed Statement ofFinancial Activities|24|to|25|
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|||For|The Year|Ended 31July 2|021|||
|---|---|---|---|---|---|---|---|
|||||||31.7.21|31.7.20|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|funds|
||||Notes|f.|f||f.|
|INCOME|AND ENDOWMENTS FROM|||||||
|Donations
and legacies|||2|14,760||14,760|9,854|
|Charitable|activities||4|||||
|School fees||||1,507,163||1,507,163|1,469,419|
|Inveslmeni|income||3|1,107||1,107||
|Total||||1,523,030||1,523,030|1,479,273|
|EXPENDITURE ON||||||||
|Charitable|activities|||||||
|School expenditure||||1,374,694|510|1,375,204|1,279,972|
|NET INCOME/(EXPENDITURE)||||148,336|(510)|147,826|199,301|
|RECONCILIATION||OF FUNDS||||||
|Total funds|brought forward|||673,875|1,950|675,825|476,524|
|TOTAL FUNDS CARRIED FORWARD||||822,211|1,440|823,651|675,825|
##
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|||||31.7.21|31.7.20|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|f.|f.|||
|FIXEDASSETS||||||
|Tangible assets|12|201,035|1,286|202,321|211,445|
|CURRENT ASSETS||||||
|Stocks|13|3,000||3,000|3,000|
|Debtors|14|30,069||30,069|24,003|
|Cash at bank and in hand||631,625|154|631,779|534,791|
|||664,694|154|664,848|561,794|
|CREDITORS||||||
|Amounts
falling due within one year|15|(43,518)||(43,518)|(97,414)|
|NET CURRENT ASSETS||621,176|154|621,330|464,380|
|TOTAL ASSETSLESSCURRENT||||||
|LIABILITIES||822211|1,440|823,651|675,825|
|NET ASSETS||822,211|1,440|823,651|675,825|
|FUNDS|17|||||
|Unrestricted
funds||||822,211|673,875|
|Restricted funds||||1,440|1,950|
|TOTAL FUNDS||||823,651|675,825|
##
||||||31.7.2]|31.7.20|
|---|---|---|---|---|---|---|
|||||Notes|f.||
|Cash flows from operating||activities|||||
|Cash generated
from operations|||||135,609|215,740|
|Net cash provided
by operating
activities|||||135,609|215,740|
|Cash flows from investing||activities|||||
|Purchase oftangible fixed|assets||||(39,728)|(36,940)|
|Interest
received|||||1,107||
|Net cash used in investing|activities||||(38,621 )|(36,940)|
|Change in cash and cash
the reporting
period|equivalents||in||96,988|178,800|
|Cash and cash equivaleats||at the|||||
|beginning
ofthe reporting||period|||534,791|355,991|
|Cash and cash equivalents||at the end|of||||
|the reporting
period|||||631,779|534,791|
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|RECONCILIATION OFNET INCOMF. TO NET CASH|RECONCILIATION OFNET INCOMF. TO NET CASH|RECONCILIATION OFNET INCOMF. TO NET CASH|RECONCILIATION OFNET INCOMF. TO NET CASH|FLOW FROM OPERATING ACTIVITIES|FLOW FROM OPERATING ACTIVITIES|FLOW FROM OPERATING ACTIVITIES|
|---|---|---|---|---|---|---|
||||||31.7.21|31.7.20|
|||||||f|
|Net income|for thc|reporting|period (asper the Statement|ofFinancial|||
|Activities)|||||147,826|199,301|
|Adjustments
Depreciation|for:
charges||||48,852|42,010|
|interest received|||||(1,107)||
|Increase in debtors|||||(6,066)|(13,406)|
|Decrease in|creditors||||(53,896)|(12,165)|
|Net cash provided||by operations|||135,609|215,740|
|ANALYSIS|OF CHANGES||IN NKT FUNDS||||
|||||At 1.8.20|Cash flow|At 31.7.21|
||||||f.|f.|
|Net cash|||||||
|Cash at bank|and in|hand||534,791|96,988|631,779|
|||||534,791|96,988|631,779|
|Total||||534,791|96,988|631,779|
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||INCOME FROM CHARITABLE ACTIVITIES|INCOME FROM CHARITABLE ACTIVITIES|INCOME FROM CHARITABLE ACTIVITIES||||
|---|---|---|---|---|---|---|
||||||31.7.21|31.7.20|
||||Activity||||
||School Fees|and Reimbursed|||||
||cha rges||School fees||1,507,163|1,469,419|
|5.|CHARITABLE ACTIVITIES COSTS||||||
|||||Direct|Support||
|||||Costs (see|costs (see||
|||||note 6)|note 7)|Totals|
|||||f.||f,|
||School expenditme|||1,110,027|265,177|1,375,204|
||DIRECT COSTSOF||CHARITABLE ACTIVITIES||||
||||||31.7.21|31.7.20|
||Staffcosts||||1,014,372|951,008|
||Educational|supplies|||12,055|10,170|
||School Trips||||3,953|6,702|
||Daily travel|cost ofpupils|||7,817|8,778|
||Other overheads||||26,923|29,044|
||Bmsary Awarded||||889||
||Depreciation||||44,018|37,809|
||||||1,110,027|1,043,511|
|7.|SUPPORT|COSTS|||||
|||||Overhead|Governance||
|||||costs|costs|Totals|
|||||f,|f.||
||School expenditure|||112,930|152,247|265,177|
||Support costs, included||in the above, are as follows:||||
||Overhead
costs||||||
||||||31.7.21|31.7.20|
||||||School|Total|
||||||expenditure|actlvrtlcs|
||Rents, Rates|and insurance|||15,932|16,681|
||Light and heat||||8,960|9,280|
||Telephone||||3,519|3,199|
||Repairs and|Renewals|||41,572|36,076|
||Computer
Expenses||||28,846|24,699|
||Other Expenses||||14,101|14,065|
||||||112,930||
##
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|SUPPORT
Governance|COSTS - continued
costs|||
|---|---|---|---|
|||31.7.21|31.7.20|
|||School|Total|
|||expenditure
I|activities|
|Wages||102,568|95207|
|Social security||8,187|8,295|
|Pensions||1,954|2,165|
|Auditors'
remuneration||7,500|7,500|
|Rents, Rates|and insurance|1,770|1,853|
|Light and Heat||996|1,031|
|Telephone||391|355|
|Repairs and|Renewals|4,619|4,008|
|Computer
Expenses||3405|2,744|
|Other Expenses||1,567|1,563|
|Accountancy|and legal fees|14,656|3,539|
|Depreciation|oftangible fixed asseis|4,834|4,201|
|||152,247|132,461|
##
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|Net income/(expenditure)|is stated aher charging/(crediting):|||
|---|---|---|---|
|||31.7.21|31.7.20|
|Auditors'
remuneration||7,500|7,500|
|Depreciation
—owned assets||48,852|42,010|
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|STAF|FCOSTS|||
|---|---|---|---|
|||31.7.21|31.7.20|
|Wages|and salaries|1,025,675|952,071|
|Social|scctmty costs|81,865|82,950|
|Other|pension costs|19,541|21,654|
|||1,127,081|1,056,675|
##
##
|The average monthly
num|ber ofemployees|during the year was|as follow|s:||
|---|---|---|---|---|---|
|||||31.7.21|31.7.20|
|Teachers (Full and Part Time)||||33|34|
|Admin tk Bursary Staff
Trustees||||8
6|6
6|
|||||47|46|
|The number ofemployees|whose employee|benefits (excluding|employer|pension costs) exceeded|f60,000was:|
|||||31.7.21|31.7.20|
|f60001-f70000||||1||
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|The key management
the bookkeeper.
The|personnel
ofthe charity
total employee
benefits|personnel
ofthe charity
total employee
benefits|personnel
ofthe charity
total employee
benefits|comprise
the trustees,
of the key management|comprise
the trustees,
of the key management|the Hesdteacher,
personnel
of|the Hesdteacher,
personnel
of|the Business
manager
and
the Charity
were
f.100,547|the Business
manager
and
the Charity
were
f.100,547|the Business
manager
and
the Charity
were
f.100,547|the Business
manager
and
the Charity
were
f.100,547|
|---|---|---|---|---|---|---|---|---|---|---|---|
|(2020:Kt03,489).||||||||||||
|COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES||||||||||||
||||||Unrestricted|||Restricted|||Total|
|||||||funds||funds|||funds|
|||||||f.||||||
|INCOME AND ENDOWMENTS|||FROM|||||||||
|Donations
and legacies||||||5,472||4,382|||9,854|
|Charitable
activities||||||||||||
|School fees|||||1,469,419|||||1,469,419||
|Total|||||1,474,891|||4,382|||1,479,273|
|EXPENDITURE ON||||||||||||
|Charitable
activities||||||||||||
|School expenditure|||||1,276,060|||3,912|||1,279,972|
|NET INCOME||||||198,831||470|||199,301|
|RECONCILIATION|OF FUNDS|||||||||||
|Total funds brought forward||||||475,044||1,480|||476,524|
|TOTAL FUNDS CARRIED FORWARD||||||673,875||1,950|||675,825|
##
|||Freehold|Equipment|Motor|Computer||
|---|---|---|---|---|---|---|
|||property
f|&furniture|vehicles|equipment|Totals
f|
|COST|||||||
|At
1 August|2020|873,014|373,822||447,293|1,694,129|
|Additions|||15,443|9,000|15,285|39,728|
|Disposals|||(273,477)||(318,546)|(592,023)|
|At 31July 2021||873,014|115,788||144,032|1,141,834|
|DEPRECIATION|||||||
|At
1 August|2020|710,761|338,986||432,937|1,482,684|
|Charge for|year|19,499|14,583|2,250|12,520|48,852|
|Eliminated|on disposal||(273,477)||(318,546)|(592,023)|
|At 31July 2021||730,260|80,092|2,250|126,911|939,513|
|NET BOOK VALUE|||||||
|At 31 July 2021||142,754|35,696|6,750|17,121|202,321|
|At 31July 2020||162,253|34,836||14,356|211,445|
|STOCKS|||||||
||||||31.7.21|31.7.20|
||||||f|f,|
|Stocks|||||3,000|3,000|
|DEBTORS:AMOUNTS||FALLING DUK|WITHIN ONK YEAR||||
||||||31.7.21|31.7.20|
||||||f||
|Trade debtors|||||22,931|2,658|
|Other debtors||||||11,454|
|Prepayments|||||7,138|9,891|
||||||30,069|24,003|
##
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##
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|CREDITORSt AMOUNTS FALLING DUE WlTHIN|ONE YEAR||
|---|---|---|
||31.7.21|31.7.20|
|Tmde creditors|10,841|11,177|
|Social security and other taxes|16,535|21,733|
|Other creditors|6,797|51,880|
|Accrued expenses|9,345|12,624|
||43,518|97,414|
##
##
##
|MOVEMENT IN FUNDS|||||
|---|---|---|---|---|
||||Net||
||||movement|At|
|||At 1.8.20|in funds|31.7.21|
|||f|f.||
|Unrestricted
funds|||||
|General fund||648,875|148,336|797,211|
|Designated
funds||25,000||25,000|
|||673,875|148,336|822,211|
|Restricted
funds|||||
|Playground
equipment||732|(244)|488|
|Sundry Items||154||154|
|Other Equipment||1,064|(266)|798|
|||1,950|(510)||
|TOTAL FUNDS||675,825|147,826|823,651|
|Net movement
in funds, included|in the above are as follows:||||
|||Incoming|Resources|Movement|
|||resources|expended|in fimds|
|||||f.|
|Unrestricted
funds|||||
|General fund||1,523,030|(1,374,694)|148,336|
|Restricted funds|||||
|Playground
equipment|||(244)|(244)|
|Other Equipment|||(266)|(266)|
||||(510)|(510)|
|TOTAL FUNDS||1,523,030|(1,375,204)|147,826|
##
##
|Comparatives
for moverne|at
in funds||||
|---|---|---|---|---|
||||Net||
||||movement|At|
|||At 1.8.19|in funds|31.7.20|
||||f.||
|Unrestricted
funds|||||
|General
fund||450,044|198,831|648,875|
|Designated
funds||25,000||25,000|
|||475,044|198,831|673,875|
|Restricted
funds|||||
|Playground
equipmeut
Sundry Items
Other Equipment||976
154
350|(244)
714|732
154
1,064|
|||1,480|470|1,950|
|TOTAL FUNDS||476,524|199,301|675,825|
|Comparative
net movement|in funds, included|in the above are as follows:|||
|||Incoming|Resources|Movement|
|||resent'ces|expended|in funds|
||||f,||
|Unrestricted
funds|||||
|General fund||1,474,891|(1,276,060)|198,831|
|Restricted funds|||||
|Playground
equipment|||(244)|(244)|
|Sundry Items
Other Equipment||3,402
980|(3,402)
(266)|714|
|||4,382|(3,912)|470|
|TOTAL FUNDS||1,479,273|(1,279,972 )|199,301|
##