2021-08-31-accounts - Bryanston School Incorporated

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				Page
Company Information
Report ofthe	Governors	(including	Strategic Report)	3
Report ofthe	Independent	Auditors		IS
Consolidated	Statement	ofFinancial	Activities	17
Balance Sheets				IS
Consolidated	Statement	ofCash Flows		l9
Notes to the	Consolidated	Financial	Statements	20

Governors:		J R Greenhill, MA, QC - Chairman	J R Greenhill, MA, QC - Chairman	J R Greenhill, MA, QC - Chairman
		S Foulser, BA —Vice Chairman
		N Bickford
		S F Bowes (resigned 26 July		2021)
		BBroad
		A W Browning (appointed S0 Conran		I August	202I)
		J A F Fortescue, BA
		M Laurence
		C G Martin, MA,	ACA
		V M McDonaugh,	MA, DL (resigned		26 July 2021)
		M E McKeown, BA, Msc
		H M Pharaoh, MBBS, DRCOG, MRCGP, DFSRH
		L M V Soden, BA	(Hons), MA
		RW Swallow
		D M Trick
Company	Secretary:	NJ Dodd
Head:		M D Mortimer MBA, BA
REGISTERED OFFICE:		Bryanston School
		Blandford Forum
		DTI I OPX
REGISTERED COMPANY
NUMBER:		226I43 (England	and Wales)
REGISTERED CHARITY
NUMBER:		306210

AUDITORS:		Haysmacintyre	LLP
		10Queen Street Place
		London
		EC4R IAG
BANKERS:		HSBC Bank pic
		I7 Market Place
		Blandford Forum
		DT I I 7AG
SOLICITORS:		Steele Raymond
		Richmond Point
		43 Richmond	Hill
		Bournemouth
		BH2 6LR
		Farrer and Co
		66 Lincoln's	Inn Fields
		London
		WC2A 3LH
INSURANCE	BROKERS:	A J Gallagher
		8 Albany Park
		Cabot Lane
		Poole
		Dorset
		BH I7 7AZ

nergy consumption was as follows:		2021	2020
UK energy use (I) I&WA		7,498,658	7,598,075
Associated Greenhouse gas emissions Tonnes C02 equivalent	(2)	1,435.24	1,521.76
Intensity ratios Emlssions per pupil (tC02e per pupil) Emissions per m"" (tCO2e per m')		2,17 0.03	2.21 0.03

								Total	Total
						Unrestricted	Restricted	2021	2020
					Notes
Income from:
Charitable activities
Fees receivable						20,699,532		20,699,532	20,522,355
Other income						1,007,010		1,007,010	971,138
Donations, grants	and legacies					641,971	164,000	805,971	1,566,398
Trading activities						1,116,602		1,116,602	694,606
Investment						87,758	51,003	138,761	84,919
Total						23,552,873	215,003	23,767,876	23,839,416
Expenditure on:
Charitable activities:
School operating		costs				22,060,469	25,179	22,085,648	22,735,279
Trading activities						992,069		992,069	940,418
Total						23,052,538	25,179	23,077,717	23,675,697
Net Income before investment
gains/ (losses)						500,335	189,824	690,159	163,719
Other recognised		gains/			10
(losses):
Realised investment			losses				(43,157)	(43,157)	(79,845)
Unrealised investment				gains			743,818	743,818	92,261
Net Income						500,335	890,485	1,390,820	176,135
Transfers between		funds			17/18	349,323	349,323
Net movements		in funds				849,658	541,162	1,390,820	176,135
Fund balances as at		I September				34,467,476	3,343,118	37,810,594	37,634,459
2020
Fund balances carried forward
as at 31 August	2021					35,317,134	3,884,280	39,201,414	37,810,594

						Consolidated	Consolidated	School	School
					Notes	2021	2020	2021	2020
Fixed assets:						F	F
Tangible assets					9	41,929,122	40,807,842	41,677,529	40,473,822
Investments					10	3,748,611	3,061,381
						45,677,733	43,869,223	41,677,529	40,473,822
Current assets:
Stocks					II	241,810	217,603	30,785	34,603
Debtors					12	670,492	520,495	875,829	1,047,051
Cash at bank		and	in hand			4,273,066	2,690,602	4,273,066	2,690,602
						5,185,368	3,428,700	5,179,680	3,772,256
Creditors: within one	Amounts year			falling due	13	~IO,D65,238	~7,729,865	~9,751,936	~7,636,120
Net Current		Liabilities:				(4,879,870)	(4,301,165)	(4,572,256)	(3,863,864)
Total assets		less current
liabilities:						40,797,863	39,568,058	37,105,273	36,609,958
Creditors: one year	Due		after more than		15	~1,596,449	~1,757,464	~1,596,449	~1,757,464
						39,201,414	37,810,594	35,508,824	34,852,494
Funds:
Restricted	funds				17	3,884,280	3,343,118	366,764	435,559
Unrestricted		funds
- General	funds				18	33,955,757	33,304,306	33,955,757	33,304,306
- Designated		funds			18	1,361,377	1,163,170	1,186,303	1,112,629
						39,201,414	37,810,594	35,508,824	34,852,494

						2021	2020
					Notes
Net cash provided/		(used)		by
operating	activities				22	4,232,565	2,663,236
Cash used	in investing		activities		23	2,918,302	471,947
Increase/(decrease)		in	cash and cash
equivalents	in the year					1,314,263	2,191,289
Cash and	cash equivalents			at
I September 2020						2,872,361	681,072
Cash and	cash equivalents			at
31 August	202 I				24	4,186,624	2,872,36 I

		I September	Cashflows	31 August
		2020		2021
Cash		2,690,602	1,582,464	4,273,066
Cash equivalents Overdraft, repayable	on demand	199,662 ~17,903	(119,512) 148,689	80,150 ~166.692
Total		2,872,361	1,314,263	4,186,624

COME
				2021	2020
Fees receivable	consist of:				F
Gross fees				24,007,414	23,652,961
Less: Total bursaries,		grants	and allowances	3,307,882	~3, 130,606
				20,699,532	20,522,355

, its annual profit re:	is paid to the School under gift aid, Its trading	results, extracted from its audi	ted accounts
		2021	2020
Turnover Cost of sales		1,138,864 ~494,670	718,146 ~539,385
Gross profit Administrative expenses		644,194 ~386,970	178,761 ~413,032
Operating profit Interest payable	and similar charges	257,224 ~10,262	(234,271) ~11,540
Net profit		246,962	(245,811)
Net gift aid payments		(122,429)
Retained profit		124,533	245,811
Extract from Balance Sheet as at 31 August 2021:
Fixed assets Net current liabilities		251,593 ~76,517	334,020 ~283,477
Net assets		175,076	50,543
INVESTMENT	INCOME
		2021	2020
			E
Rent receivable		87,445	21,775
Bank deposit interest		313	7,564
Investment income		51,003	55,580
		138,761	84,919

OTHER INCOME
				2021	2020
					f
Summer courses				72,294	3,898
Registration and other fees				85,813	151,146
Day pupils accommodated				158,462	114,200
Miscellaneous income				73,690	34,371
Special tuition				417,956	500,143
Equestrian income				198,795	167,380
				1,007,010	971,138
STAFF COSTS
				2021	2020
Wages and salaries				12,117,451	12,353,906
Social security costs				1,082,911	1,105,982
Other pension costs				1,501,195	1,554,007
				14,701,557	15,013,895
The average number of employees		during the year was as follows:
				2021	2020
				No.	No,
				535	560
Calculated on a full-time	equivalent		basis:
Teaching staff				128	128
Other employees				242	252
				370	380
				2021	2020
					F
Governors' expenses				529	7,543
Numbers ofgovernors	receiving	expenses			14

e number ofemployee	s whose		emoluments	ex	ceeded f60,000 was	:
						2021	2020
L'60,001 - If70,000						17	19
F70,001 - 680,000						3	I
F80,001 - 690,000						2	I
f90,001 - 6100,000							2
6130,001 - 6140,000							I
f180,001 - F190,000
The number with retirement		benefits accruing			in;
- Money Purchase	schemes		were			4	5
for which the contributions			amounted	to		634,672	F30,689
- Defined benefit	schemes	were				20	19

7.	EXPENDITURE Expenditure includes:
					2021	2020
	Auditor's remuneration	—for audit services			26,770	24,940
	—for non-audit		services		4,210	13,412
	Depreciation Profit on disposal of tangible Operating lease rentals	fixed assets —Land and Buildings			1,839,904 10,203 30,900	1,833,334 2,696 30,900
8.	ANALYSIS OF EXPENDITURE
			Staff costs	Support	Depreciation	Total
				costs	& Profit on
					Disposal
	Charitable activities
	School operating activities: Teaching costs Welfare		9,452,365 3,203,441	1,389,314 1,437,875	329,609 51,070	11,171,288 4,692,386
	Premises		795,206	2,065,778	1,330,032	4,191,016
	Management and administration Governance		1,038,174	957,506 19,770	15,508	2,011,188 19,770
			14,489,186	5,870,243	1,726,219	22,085,648
	Trading activities:
	Trading costs ofthe subsidiary		212,371	676,216	103,482	992,069
	Total for group		14,701,557	6,546,459	1,829,701	23,077,717

Analysis ofexpenditure	Analysis ofexpenditure	Analysis ofexpenditure
			Staff costs	Support	Depreciation	Total
				costs	& Profit on
					Disposal
Charitable	activities
School operating		activities:
Teaching	costs		9,723,954	1,596,278	417,353	11,737,585
Welfare			3,079,510	1,545,340	45,928	4,670,778
Premises			1,056,968	1,905,834	1,212,962	4,175,764
Management and administration			971,524	1,143,842	18,686	2,134,052
Governance				17,100		17,100
			14,831,956	6,208,394	1,694,929	22,735,279
Trading activities:
Trading	costs ofthe subsidiary		181,939	622,770	135,709	940,418
Total for	group		15,013,895	6,831,164	1,830,638	23,675,697

TANGIBLE FIXEDASSETS
Consolidated			Plant,
	Freehold	furniture
	land and	and other
	~bnildin	e	ui ment	Totals
COST:
At I September 2020	52,090,443		7,189,865	59,280,308
Additions	2,668,792		294,048	2,962,840
Disposals			39,872	39,872
At 31 August 2021	54,759,235		7,444,041	62,203,276
DEPRECIATION:
At I September 2020	12,549,641		5,922,825	18,472,466
Charge for year	1,262,199		577,705	1,839,904
Eliminated on disposals			38,216	38,216
At 31 August 2021	13,811,840		6,462,3 I4	20,274,154
NET BOOK VALUE;
At 31 August 2021	40,947,395		981,727	41,929,122
At 31 August 2020	39,540,803		1,267,040	40,807,842
School			Plant,
	Freehold	furniture
	land and	and other
	~bnildin	e	ui ment	Totals
COST:
At I September 2020	52,090,443		6,414,815	58,505,258
Additions	2,668,792		272,055	2,940,847
Disposals			39,872	39,872
At 31 August 2021	54,759,235		6,646,998	61,406,233
DEPRECI ATION:
At I September 2020	12,549,641		5,481,795	18,031,436
Charge for year	1,262,199		473,285	1,735,484
Eliminated on disposals			38,216	38,216
At 31 August 2021	13,811,840		5,916,864	19,728,704
NET BOOK VALUE:
At 31 August 2021	40,947,395		730,134	41,677,529
At 31 August 2020	39,540,802		933,020	40,473,822

						Consolidated	Consolidated								School	School
					2021			2020			2021						2020
Balance at I September 2020					2,861,719			2,977,562
Additions						651,818			851,537
Disposals					(545,737)			(979,796)
Realised profit/(loss)		on disposal				(43,157)			(79,845)
Revaluations						743,818			92,261
Quoted investments		and fixed			3,668,461			2,861,719
interest stock
(historic cost	62,303,049)
Cash deposits						80,150			199,662
Balance at 31	August	2021			3,748,611			3,061,381
The School controls		two other		entities other		than its trading	subsidiary.
I0 Education	Services Limited,			which was	dormant throughout				the year.
The Bryanston for the pupils summary of its	Foundation is a charity registered in England and Wales and of the School. The aggregate amount of assets, liabilities income and expenditure is shown in note 17. The Bryanston									its objects are to provide support and funds are shown below and Foundation has been consolidated									a
on the grounds	that	its net	assets are material			to the group.
Extract from	Balance Sheet as			at 31 August	2021:						2021						2020
Fixed assets											3,668,461						2,861,719
Net current assets/		(liabilities)										150,945						45,840
Net funds											3,5		I	7,5	I6		2,907,559
STOCKS
						Consolidated										School
						2021			2020			2021						2020
Maintenance,	domestic and catering stock					45,425			45,423					30,785				34,603
Stock ofgoods for		resale				196,385			172,180
						241,810			217,603					30,785				34,603
DEBTORS:AMOUNTS			FALLING DUE WITHIN ONE					YEAR
						Consolidated										School
						2021			2020			2021						2020
									F
Trade debtors						428,464			172,604				261,374					171,994
Other debtors						51,686			97,280					51,686				97,282
Prepayments						190,342			250,611					190,342				246,946
Amount due from		subsidiaries											369,427					530,829
						670,492			520,495				875,829				1,047,051

REDITO	RS: AMOUNTS FALLING	DUE WITHIN ONE YEAR	DUE WITHIN ONE YEAR
		Consolidated		School
		2021	2020	2021	2020
			f		f
Trade creditors		4,287,066	3,047,232	4,267,305	3,027,042
Bank loans and overdrafts		166,592	17,903
Other creditors		210,622	128,229	162,254	98,446
Fees received in advance		3,316,612	2,606,90 I	3,316,612	2,606,901
Taxation	and social security	350,782	268,910	283,613	259,399
Accrued	expenses	343,922	410,701	332,510	394,343
Advance	fees scheme (see note 14)	1,389,642	1,249,989	1,389,642	1,249,989
		10,065,238	7,729,865	9,751,936	7,636,120

s will be	applied a	s follo	ws:
					2021	2020
After 5 years					48,026	48,026
Within 2 to 5 years					734,434	964,840
Within	I to 2 years				813,989	744,598
					1,596,449	1,757,464
Within	I year				1,389,642	1,249,989
					2,986,091	3,007,453
Balance	at I September		2020		3,007,453	2,559,826
New contracts Repayments					1,316,674	1,966,464 ~56,469
					4,324,127	4,469,821
Amounts	utilised	in payment		offees;
To the	School				1,344,709	1,477,154
					2,979,4 I8	2,992,667
Discount accrued					6,673	14,786
Balance	at 31 August 2021				2,986,091	3,007,453

						Consolidated		School
						2021	2020	2021	2020
						f
Advance	fees	scheme	(see	note	14)	1,596,449	1,757,464	1,596,449	1,757,464
						1,596,449	1,757,464	1,596,449	1,757,464

The total future	minimum	minimum	lease payments	due on	leases expiring:	leases expiring:
					Consolidated 0 eratin leases			0	School eratin leases
					2021		2020	2021		2020
Less than one year							18,025			18,025
Between two	and	five	years
							18,025			18,023
RESTRICTED	FUNDS
Analysis of movement		in	restricted funds
			Balance at
			I				Gains &			Balance at
			September 2020	Income		Expenditure	Losses	Transfers		31	August 2021
											E
Bursaries Teddy Potter Fund Business Conference			73,633 167,166 76,727						(73,633) 4,838		172,004 76,727
Pupil Bursary ENEV			100,003								100,003
Live(IBry Capital assets			18,030	164,000				~I64,000			18,030
Bryanston School			435,559	164,000				(232,795)			366,764
Bryanston Foundation			2,907,559	51,003		(25,179)	700,661	(116,528)		3,517,516
			3,343,118	216003		~25, 179	700,661	~349,323		3,884280

Analysis ofmovement	Analysis ofmovement	restricted	funds —previous	year
		Balance at							Balance at
		I September				Gains &			31 August
		2019 Income			Expenditure	Losses	Transfers		2020
						E.
Bursaries			216,549				(142,916)		73,633
Teddy Potter Fund			161,403	5,763					167,165
Business Conference			76,727						76,727
Pupil Bursary			29,242				(29,242)
ENEV			100,003						100,003
Live@Bry			13,005	5,025					18,030
Capital assets			954	300				1,254
Bryanston	School		597,883	11,088			(173,412)		435,559
Bryanston Foundation		2,973,172		55,580	(22,496)	12,416	(I	I I, I I3)	2,907,559
		3,571,055		66,668	22,496	12,416	284,525		3,343,118

	Fixed assets	Net current
	and	assets/	Long term
	investments	(liabilities)	liabilities	Total
Unrestricted	41,929,122	(5,014,739)	(1,596,449)	35,317,134
Restricted	3,748,611	134,869		3,884,280
	45,677,733			39,201,414

	Fixed assets	Net current
	and	assets/	Long term
	investments	(liabilities)	liabilities	Total
Unrestricted	40,807,842	(4,582,902)	(1,757,464)	34,467,476
Restricted	3,061,381	281,737		3,343,118
	43,869,223	4,301,165	1,757,464	37,810,594

Analysis of movemen	ts in unrestricted	Funds
	Balance at I						Balance at
	September 2020	Income	Expenditure	Gains & losses		Transfers	31 August 2021
Income account	33,304,306	22,312,654	22,054,688			393,485	33,955,757
Desi nated funds: Bryanston Fund Bursary Endowment	956,609 463	86,327	(1,528)			(21,437) (463)	1,019,971
Operational Endowment	102,120						102,120
Other minor funds	13,341	500					13,841
HM Discretionary fund	40,096	14,528	(4,253)				50,371
Trading company	50,541	1,138,864	(992,069)			(22,262)	175,074
assets
	1,163,170	1,240,219	~997,850			~44, 162	1,361,377
	34467476	23,552873	~23,052538		.	349323	35317,134

Analysis ofmovement	in unrestricted funds	—previous year
	Balance at I						Balance at
	September			Gains	&		31 August
	2019	Income	Expenditure	losses		Transfers	2020
	E		f.				E
Income account	32,810,736	22,877,418	22,689,980			306,132	33,304,306
Desi nated funds:
Bryanston Fund Bursary Endowment	789,029 275	185,923 188	(3,222)			(15,121)	956,609 463
Operational Endowment	124,983		(16,377)			(6,486)	102,120
Other minor funds	12,341	1,000					13,341
HM Discretionary
fund	29,687	I3,6 I 3	(3,204)				40,096
Trading company assets	296,353	694,606	(940,418)				50,541
	1,252,668	895,330	~963,221			~21,607	1,163,170
	34,063,404	23,772,748	~23,653,201		-	284,525	34,467,476

2.	RECONCILIATION OF NET ACTIVITIES	IN	COME	TO	NET CASH PRO	VIDED BYOPERAT	ING
						2021	2020
	Net income					1,390,820	176,135
	Depreciation charges Profit on disposal of tangible fixed assets Gains on investments					1,839,904 (10,203) (700,661)	1,833,334 (2,696) (12,416)
	Investment income					(138,761)	(84,919)
	(Increase)/decrease in stocks (Increase)/decrease in debtors					(24,207) (149,997)	46,293 477,204
	Increase/(decrease)in creditors due within (Decrease)/increase in creditors due after			one year more than one year		2,186,685 ~161,016	(258,427) 488,728
	Net cash provided/ (used)	by	operating		activities	4,232,565	2,663,236
23.	ANALYSIS OF CASH FLOWS
						2021	2020
						F
	Cash flows from Investing activities Interest and rents from investing activities					138,761	84,919
	Purchase of tangible fixed assets Sale of tangible fixed assets					(2,962,840) 11,858	(696,085) 10,960
	Purchase of investments					(651,818)	(851,537)
	Sale of investments					545,737	979,796
	Net cash used in investing	activities				2,918,302	471,947
24.	ANALYSIS OF CASH AND CASH EQUIVALENTS
						2021	2020
	Cash at bank and in hand					4,273,066	2,690,602
	Bank overdraft					(166,592)	(17,903)
	Investment bank accounts					80,150	199,662
	Total and cash equivalents					4,186,624	2,872,361

27. PRIOR Y	EAR COMPAR	ATIVES BYFUND
					Total
			Unrestricted	Restricted	2020
Income from:
Charitable activities Fees receivable Other income			20,522,355 971,138		20,522,355 971,138
Donations, grants and legacies			1,555,310	11,088	1,566,398
Trading activities			694,606		694,606
Investment			29,339	55,580	84,919
			23,772,748	66,668	23,839,416
Expenditure on:
Charitable activities:
School operating	costs		22,712,783	22,496	22,735,279
Trading activities			940,418		940,418
			23,653,201	22,496	23,675,697
Net Income before investment		gains/ (losses)	119,547	44,172	163,719
Other recognised gains/ (losses): Realised investment gains Unrealised investment gains				(79,845) 92,261	(79,845) 92,261
Net Income			119,547	56,588	176,135
Transfers between	funds		284,525	284,525
Net movements	in funds		404,072	(227,937)	176,135
Fund balances as at	I September 2019		34,063,404	3,571,055	37,634,459
Fund balances carried forward
as at 31 August 2020			34,467,476	3,343,118	37,810,594