##
##
##
||||Page|
|---|---|---|---|
|TrUstees' report|||1-5|
|Independent
examiner's||report||
|Statement
offinancial|activities|||
|Balance sheet|||8-9|
|Statement ofcash flows|||10|
|Notes to the financial|statements||11-24|
##
##
|Trustees||Miss A McCarthy-Sommerville|Miss A McCarthy-Sommerville|||
|---|---|---|---|---|---|
|||Mr E Cohen||||
|||S Bolton||(Appointed|14April 2022)|
|||E Daniels||(Appointed|14April 2022)|
|||Mrs H Bodiley||(Appointed|14April 2022)|
|School administrator||Mr S Bellamy||||
|Charity number||299714||||
|Company
number||02274600||||
|Principal address||Greylands||||
|||48 East Street||||
|||Ashburton||||
|||Devon||||
|||TQ13 7AX||||
|Registered|office|30 Fore Street||||
|||Totnes||||
|||Devon||||
|||TQ9 5RP||||
|Independent|examiner|Darnells Chartered|Accountants|||
|||Quay House||||
|||Quay Road||||
|||Newton Abbot||||
|||Devon||||
|||TQ12 2BU||||
|Bankers||Lloyds Bank||||
|||31 Fore Street||||
|||Totnes||||
|||Devon||||
|||TQ9 5HH||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds||funds|funds||
||||Notes|2021
E|2021|2021|2020|2020
E|2020f|
|Income from:||||||||||
|Voluntary
income||||1,505||1,505||||
|Incoming
resources||||||||||
|from charitable||||||||||
|activities||||557,739|51,091|608,830|678,779|71,000|749,779|
|Investment
income||||145||145|395||395|
|Other income||||25,449||25,449||||
|Total income||||584,838|51,091|635,929|679,174|71,000|750,174|
|Ex enditure
on:||||||||||
|Charitable
activities|||7|648,090|51,091|699,181|595,419|66,662|662,081|
|Net (expenditure)/income||||||||||
|for the year/||||||||||
|Net (outgoing)/incoming||||||||||
|resources||||(63,252)||(63,252)|83,755|4,338|88,093|
|Other recognised||gains|and|losses||||||
|Other gains or|losses||11|(1,238)||(1,238)||808|808|
|Net movement|in funds|||(64,490)||(64,490)|83,755|5,146|88,901|
|Fund balances|at 1|||||||||
|August 2020||||699,731|22,446|722,177|615,976|17,300|633,276|
|Fund balances|at|31||||||||
|July 2021||||635,241|22,446|657,687|699,731|22,446|722, 177|
##
##
##
|||||2021||2020||
|---|---|---|---|---|---|---|---|
||||Notes|f||f.||
|Fixed assets||||||||
|Tangible assets|||12||287,803||289,508|
|Current assets||||||||
|Debtors|||13|68,321||216,400||
|Cash at bank and|in|hand||457,095||345,266||
|||||525,416||561,666||
|Creditors: amounts||falling due within||||||
|one year|||15|(147,752)||(94,570)||
|Net current assets|||||377,664||467,096|
|Total assets less|current liabilities||||665,467||756,604|
|Creditors: amounts||falling due after||||||
|more than one year|||16||(7,780)||(16,745)|
|Provisions
for liabilities|||||||(17,682)|
|Net assets|||||657,687||722,177|
|Income funds||||||||
|Restricted funds|||20||22,446||22,446|
|Unrestricted
funds|||||635,241||699,731|
||||||657,687||722,177|
##
##
##
##
##
##
|||||2021||2020||
|---|---|---|---|---|---|---|---|
||||Notes|f||||
|Cash flows from operating||activities||||||
|Cash generated
from/(absorbed
by)|||23|||||
|operations|||||125,164||(21,938)|
|Investing
activities||||||||
|Purchase
oftangible
fixed|assets|||(5,086)||(5,895)||
|Interest received||||145||395||
|Net cash used in investing||activities|||(4,941)||(5,500)|
|Financing
activities||||||||
|Repayment
of bank loans||||(8,394)||(7,832)||
|Net cash used in financing||activities|||(8,394)||(7,832)|
|Net increase/(decrease)|in|cash and|cash|||||
|equivalents|||||111,829||(35,270)|
|Cash and cash equivalents||at beginning|ofyear||345,266||380,536|
|Cash and cash equivalents||at end of|year||457,095||345,266|
##
##
|1|Accounting
policies||||||||
|---|---|---|---|---|---|---|---|---|
||Charity information||||||||
||Sands
School
is a private
company|limited
by guarantee||incorporated|in
England
and|Wales.|The||
||registered
office is 30 Fore Street, Totnes, Devon, TQ9||5RP .|The Charity's|place of business|is Greylands,|||
||48 East Street, Ashburton,
Devon, TQ13 7AX.||||||||
|1.1|Accounting
convention||||||||
||These
accounts
have
been
prepared|in accordance|with|the
Charity's|Memorandum
and
Articles|||of|
||Association,
"Accounting
and Reporting
by Charities:||Statement
of Recommended
Practice|||applicable||to|
||charities
preparing
their accounts
in accordance
with||the Financial
Reporting
Standard
applicable
in|||||the|
||UK and
Republic
of Ireland
(FRS102) (effective
1 January|||2019)", the|Companies
Act 2006 and|||UK|
||Generally Accepted Accounting
Practice. The charity is||a Public Benefit Entity as defined
by FRS 102.||||||
||The accounts are prepared
in sterling,|which
is the functional||currency ofthe charity. Monetary
amounts||||in|
||these financial statements
are rounded|to the nearest f.1.|||||||
||The
financial
statements
have
been|prepared
under
the||historical|cost
convention.
The
principal||||
||accounting
policies adopted are set out|below.|||||||
|1.2|Charitable
funds||||||||
||Unrestricted
funds are available
for use|at the discretion|ofthe|Trustees
in|furtherance
oftheir|charitable|||
||objectives.||||||||
||Restricted
funds are subject to specific|conditions
by funders as to how they may be used. The purposes|||||||
||and uses ofthe restricted
funds are set|out in the notes|to the|accounts.|||||
|1.3|Incoming resources||||||||
||Income is recognised
when the charity|is legally entitled|to it after any performance
conditions|||have been|||
||met, the amounts
can be measured
reliably,
and
it is probable|||that income|will be received.||||
||Income from school fees is included
in|incoming
resources
in the period that the student has received|||||||
||tuition from the school.||||||||
||Cash donations
are recognised
on receipt. Other donations
are recognised||||once the charity has been||||
||notified ofthe donation,
unless performance
conditions||require|deferral ofthe amount.
Income||tax|||
||recoverable
in relation to donations
received under Gift||Aid or|deeds ofcovenant
is recognised||at the time|||
||ofthe donation.||||||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|Incoming||resources
from cha|ritable
activities||||
|---|---|---|---|---|---|---|
|||||Net school|Net school|fees and|
|||||fees and|associated|income|
|||||associated|||
|||||income|||
|||||2021f||2020f|
|Net school||fees and associated|income|608,830||725,056|
|Restricted||Grants||||24,723|
|||||608,830||749,779|
|Analysis|by fund||||||
|Unrestricted||funds||557,739||678,779|
|Restricted||funds||51,091||71,000|
|||||608,830||749,779|
##
|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||2021|2020|
|||f|f|
|Interest|receivable|145|395|
##
##
|5|Breakdown ofIncoming resources|||
|---|---|---|---|
|||2021|2020|
|||E||
||Fees Receivable|680,844|846,667|
||Lunches|7,501|13,660|
||Buses/ Trips/ Camps|9,944|6,575|
||Bursaries given|(69,135)|(78,873)|
||Discounts
given|(53,440)|(62,566)|
||Staff discount|(15,767)|(21,853)|
||COVID discount|(2,208)|(24,831)|
||LEA funding|51,091|46,277|
||Klax grant||13,120|
||Eclect grant||11,603|
|||608,830|749,779|
##
|Unrestricted|Total|
|---|---|
|funds||
|2021|2020|
|25,449||
##
##
##
##
|||||Costs of|Costs of|
|---|---|---|---|---|---|
|||||operation of|operation of|
|||||school|school|
|||||2021|2020|
|Staff costs||||393,211|372,537|
|Depreciation
and impairment||||6,791|7,292|
|Restricted
expenditure||||6,288|20,879|
|Supply teachers and cooking contractors||||10,878|2,635|
|Counselling
costs||||2,211|840|
|Books, teaching
supplies||and exam fees||22,123|15,061|
|Food and refreshments||||6,340|5,878|
|Camp, trip and educational|||visit costs|3,624|788|
|Rent and rates||||6,468|4,828|
|Repairs and cleaning||||55,457|54,023|
|Insurances||||9,970|8,094|
|Light and heat||||5,084|7,125|
|||||528,445|499,980|
|Share of support costs (see|||note 8)|151,698|150,104|
|Share ofgovernance|costs||(see note 8)|19,038|11,997|
|||||699,181|662,081|
|Analysis
by fund||||||
|Unrestricted
funds||||648,090|595,419|
|Restricted
funds||||51,091|66,662|
|||||699,181|662,081|
##
##
##
|Support cos|ts|||||||||
|---|---|---|---|---|---|---|---|---|---|
||||||Support|Governance|2021|2020|Basis of|
||||||costs|costs|||allocation|
||||||E|||||
|Staff costs|||||106,709||106,709|100,165|Time spent|
|Motor running|and|travelling|||6,230||6,230|5,880|Direct|
|Bad debts|||||17,316||17,316|24,180|Direct|
|Advertising
and publicity|||||1,102||1,102|1,197|Direct|
|Recruitment,|training||and workshops||9,126||9,126|6,406|Direct|
|Printing,
postage and|||stationery||3,901||3,901|3,756|Direct|
|Telephone
and communication|||||1,897||1,897|1,163|Direct|
|Copier hire|||||2,843||2,843|3,352|Direct|
|Bank charges|||||748||748|856|Direct|
|Interest payable|||||1,742||1,742|2,025|Direct|
|Sundries|||||84||84|1,124|Direct|
|Independent|examiner's|||fees-|||||Governance|
|external
scrutiny||||||2,280|2,280|2,280||
|Independent|examiner's|||fees - other|||||Governance|
|services||||||6,526|6,526|4,253||
|Legal, professional||and||consultancy|||||Governance|
|fees||||||10,232|10,232|5,464||
||||||151,698|19,038|170,736|162,101||
|Analysed
between||||||||||
|Charitable
activities|||||151,698|19,038|170,736|162,101||
##
##
##
##
|||2021|2020|
|---|---|---|---|
|||Number|Number|
|Teaching||19|20|
|Administration||4|4|
|Maintenance||1|1|
|Counselling||1|1|
|Total||25|26|
|Employment|costs|2021|2020|
|Wages and salaries||438,825|407,755|
|Social security|costs|28,290|27,423|
|Other pension|costs|32,805|37,524|
|||499,920|472,702|
|Unrestricted|Restricted|
|---|---|
|funds|funds|
|2021|2020|
|1,238|(808)|
##
##
|12|Tangible|fixed assets|||||||
|---|---|---|---|---|---|---|---|---|
|||||Land and|Plant and|Fixtures, Motor vehicles||Total|
|||||buildings|machinery|fittings
&|||
|||||||equipment|||
||Cost||||||||
||At 1August 2020|||277,865|44,151|112,096|26,219|460,331|
||Additions||||3,454|1,632||5,086|
||At 31 July|2021||277,865|47,605|113,728|26,219|465,417|
||Depreciation
and impairment||||||||
||At 1 August 2020||||33,506|111,101|26,216|170,823|
||Depreciation
charged||in the year||5,722|1,069||6,791|
||At 31 July|2021|||39,228|112,170|26,216|177,614|
||Carrying|amount|||||||
||At 31 July|2021||277,865|8,377|1,558|3|287,803|
||At 31 July|2020||277,865|10,645|995|3|289,508|
|
ofF110,000.
Debtors|,|
|regon|
|---|---|---|---|
|||2021|2020|
|Amounts
falling due within one year:|||f|
|Fee debtors||57,269|74,715|
|Other debtors|||132,936|
|Prepayments|and accrued income|11,052|8,749|
|||68,321|216,400|
|Loans and overdrafts||||
|||2021|2020|
|Bank loans||16,182|24,576|
|Payable
within|one year|8,402|7,831|
|Payable after|one year|7,780|16,745|
##
##
##
##
##
|15|Creditors: am|ounts|falling|due within one|year||||
|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|
|||||||Notes|||
||Bank loans|||||14|8,402|7,831|
||Other taxation|and social security|||||12,243|675|
||Trade creditors||||||54,684|17,565|
||Other creditors||||||58|1,080|
||Deposits helds||||||67,002|57,001|
||Accruals and deferred||income||||5,363|10,418|
||||||||147,752|94,570|
|16|Creditors: amounts||falling due after more||than one year||||
|||||||Notes|2021f|2020|
||Bank loans|||||14|7,780|16,745|
|17|Provisions for|liabilities|||||2021|2020|
||Repayment
of|Coronavirus||Job Retention|Scheme grant||||
||At 1 August 2020||||||17,682||
||Receipt|||||||17,682|
||Reversal ofprovision||||||(17,682)||
|||||||||17,682|
##
##
##
##
##
##
##
|||||Movement|in funds||
|---|---|---|---|---|---|---|
||||Balance at 1|Incoming|Resources|Balance at 31|
||||August|resources|expended|July 2021|
||||2020||||
|Learning|support|||51,091|(51,091)||
|Meadowbrook|||13,000|||13,000|
|Europaisher||Radiopodcast|9,446|||9,446|
||||22,446|51,091|(51,091)|22,446|
|Analysis|ofnet assets|between funds||||||
|---|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|||funds|funds||funds|funds||
|||2021|2021|2021|2020|2020|2020|
|||E|E|E|F|F||
|Fund balances at 31||||||||
|July 2021 are||||||||
|represented|by:|||||||
|Tangible assets||287,803||287,803|289,508||289,508|
|Current assets/||||||||
|(liabilities)||355,218|22,446|377,664|444,650|22,446|467,096|
|Long term|liabilities|(7,780)||(7,780)|(16,745)||(16,745)|
|Provisions|||||(17,682)||(17,682)|
|||635,241|22,446|657,687|699,731|22,446|722, 177|
##
##
##
|23|Cash generated
from|operations|||||2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||||f|f|
||(Deficit)/surplus
for the|year|||||(63,252)|88,093|
||Adjustments
for:||||||||
||Investment
income recognised
in statement||||offinancial|activities|(145)|(395)|
||Foreign exchange differences||||||(1,238)|808|
||Depreciation
and impairment
oftangible|||fixed assets|||6,791|7,292|
||Movements
in working|capital:|||||||
||Decrease/(increase)
in|debtors|||||148,079|(143,872)|
||Increase
in creditors||||||52,611|8,454|
||Increase/(decrease)
in|provisions|||||(17,682)|17,682|
||Cash generated
from/(absorbed||by) operations||||125,164|(21,938)|
|24|Analysis ofchanges|in net funds|||||||
|||||||At 1August 2020|Cash flows|At 31July 2021|
|||||||E||E|
||Cash at bank and
in hand|||||345,266|111,829|457,095|
||Loans falling due within|one year||||(7,831)|(571)|(8,402)|
||Loans falling due after|more than one year||||(16,745)|8,965|(7,780)|
|||||||320,690|120,223|440,913|