2020-08-31-accounts - Clayesmore School

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		Page
Company Information
Report ofthe Governors	(Including Strategic Report)
Report ofthe Independent	Auditors	12
Statement of Financial Activities
Balance Sheet		15
Cash Flow Statement		16
Notes tothe Financial Statements		17

				Year to 31/8/2020
UK energy	use (kWh)			1,545,319
Associated greenhouse		as emissions	(tonnes CO2 equivalent)	365
Intensity	ratio (emissions	in tC02e per	pupil)	0.58

			STATEMENT OF FINANCIAL ACTIVITIES	STATEMENT OF FINANCIAL ACTIVITIES	STATEMENT OF FINANCIAL ACTIVITIES	STATEMENT OF FINANCIAL ACTIVITIES
			(in«luding	income and	expenditure	account)
			For the year ended		31August 2020
			Unrestricted		Restricted		Total	Total
				Funds	Funds		2020	2019
			Notes
INCOME AND ENDOWMENTS		FROM:
Charitable activities
Fees receivable			2	12,083,808			12,083,808	13,580,562
Other Income				279,048			279,048	341,475
Grant Receivable				802,159			802,159
Donations and legacies					56,555		56,555	53,931
Other trading activities:
Trading income				138,253			138,253	177,997
Holiday lettings				3,043				103,237
Clayesmore Society					33,321		33,321	48,203
Totalincome				13,306,310	89,876		13,396,186	14,305,405
RESOURCE5 EXPENDED
Charitable activities:
School operating costs				12,533,838	36,875		12,570,713	13,549,767
Other costs:
Donations & Legacies expenses				152			152	2,562
Trading expenses				384,329			384,329	517,387
Finance and other costs				364,486			364,486	311,876
Clayesmore Society					10,503		10,503	35,108
				748,967	10,503		759,470	866,933
Total resources expended			7	13,282,805	47,378		13,330,183	14,416,700
NET INCOME & EXPENDITURE
FOR THE YEAR/
NET MOVEMENT IN FUNDS				23,505	42,498		66,002	(111,295)
Fund balances brought 1September 2019	forward at			7,854,441	406,760		8,261,201	8,372,496
FUND BALANCES CARRIED FORWARD AT31AUGUST 2020				7,877,946	449,258		8,327,203	8,261,201

					2020		2019
				Notes	E
FIXED ASSETS
Tangible assets						15,273,864		15,654,239
CURRENT ASSETS
Stocks					45,947		49,620
Debtors				10	3,495,622		2,828,851
Cash at bank and	in	hand		23	230,346		1,395,633
					3,771,915		4,274,104
CREDITORS: Amounts		falling
due within one year					5,806,487		6,231,843
NET CURRENT LIABILITIES:						(2,034,572)		(1,957,739)
TOTAL ASSETS LESSCURRENT
LIABILITIES						13,239,292		13,696,500
CREDITOILk Amounts		falling
due after more than		one year		12		4,912,089		5,435,299
						8,327,203		8,261,201
FUNDS
Unrestricted funds- General				15		7,794,182		7,770,678
		-Designated	funds	15,16		83,763		83,763
Restricted funds				15,17		449,258		406,760
						8,327,203		8,261,201

					2020	2019
				Notes		E
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash provided by operating activities				22	(861,994)	(75,127)
Cash flows from investing	activities:
Purchase oftangible fixed	assets				(33,000)	(444131)
Sale of Fixed Asset					850	1,080
Net cash used in investing	activities				)32, 5II)	~43552)
Cash flows from finan cing	activities:
Repayment ofborrowings				24	(271,143)	(423,848)
Finance lease repayments
Cash inflaws from new borrowings
Net cash (used in)/provided	by financing activities				(271,143)	(423,848)
Change in cash and cash equivalents		in the reporting	period		(1,165,287)	(542,026)
Cash and cash equivalents	at 1September 2019				1,395,633	1,937,659
Cash and cash equivalents	at 31August 2020			23, 24	230,346	1,395,633

Fees receiveable	consist	of;
						2020	2019
						E	f
Gross fees						16,359,192	18,451,163
Less:Total scholarships,		bursaries		and allowances		(4,275,384)	(4,870,601)
						888	23,88, 82
OTHER INCOME
						2020	2019
						f	f
Sundry income						246,968	335,6&4
Fees in lieu ofnotice						32,080	5,791
Grants receivable	—Coronavirus		iob Retention		Scheme	802,159
						1,0&1,207	341,475
STAFF COSTS
						2020	2019
						f	f
Wages and salaries						8,153,948	&,615,353
Social security costs						743,873	808,055
Other pension costs						1,357,052	1,076,162
						10,254,874	10,499,570

	2020	2019
Teaching	117	122
Others	184	201
	301	323

4.	STAFF	COSTS(continued)	2020	2019
			No.	No,

The number ofemployees	whose emoluments	exceeded E60,000were:
E60,001 - E70,000
670,001 - E80,000
E80,001 - E90,000
E90,001 - F100,000
E100,001 - E110,000
E110,001 - E120,000
E120,001 - E130,000

				2020	2019
Expenditure includes:				E	E
Depreciation -owned assets				413,376	437,689
(Profit) /	Loss on dispoa	I offixed assets		(850)	(1,080)
Operating	lease rentals	—plant, machinery	and vehicles	204,622	182,728
Auditors'	remuneration	—audit fee		16,297	15,799
Auditors'	remuneration	—other services		2,520

ANALYSI5 O	F	TOTAL RESO	URCES EXPE	NDED
								2020
				Staff costs	Other		Depreciation	Total
				E		E	6	6
Charitable	activities
School operating costs:
Teaching	costs			7,077,995		300,510	37,992	7,416,497
Welfare				1,329,191		467,661	200	1,797,052
Premises				484,674		225,720	337,193	1,047,587
Management		and administration		1,069,910	1,182,051		37,992	2,289,953
Governance		costs				19,624		19,624
				9,961,770	2,195,567		413,376	12,570,713
Other costs:
Donations	& Legacies					152		152
Trading costs				293,103		91,226		384,329
Finance and		other costs				364,486		364,486
Clayesmore		Society				10,503		10,503
				293,103		466,367		759,470
Total resources expended				10,254,874	2,661,934		413,376	13,330,183
Analysis for		comparative	period
								2019
				Staff costs	Other		Depreciation	Total
				E		E	6	E
Charitable	activities
School operating costs:
Teaching	costs			7,006,844		487,222	42,783	7,536,849
Welfare				1,510,231		706,834	4,884	2,221,949
Premises				544,240		379,837	347,239	1,271,316
Management		and administration		1,056,135	1,403,098		42,783	2,502,016
Governance		costs				17,637		17,637
				10,117,450	2,994,628		437,689	13,549,767
Other costs:
Donations	& Legacies					2,562		2,562
Trading costs				382,120		135,267		517,387
Finance and		other costs				311,876		311,876
Clayesrnore		Society				35,108		35,108
				382,120		484,813		866,933
Total resources expended					3	9 41	37639	14416 II9

TANGIBLE FIXED ASSETS
	Freehold		Fixtures,
	land and	All weather	fittings and	Motor
	buildings	pitch	equipment	Vehicles	Total
	E	E	E	E	E
COST
At 1st September 2019	16,997,240	415,910	5,182,982	83,286	22,679,418
Additions			33,000		33,000
Disposals
At 31August 2020	16,997,240	415,910	5,215,982	83,286	22,712,418
DEPRECIATION
At 1September 2019	2,209,766	314,579	4,418,496	82,338	7,025,179
Charge for the year	219,618	41,591	151,967	200	413,376
Eliminated on disposal
At 31August 2020	2,429,384	356,170	4,570,462	82,538	7,438,554
NET BOOK VALUE
At 31August 2020	14,567,857	59,740	645,519	748	15,273,864
At 31August 2019	14,787,475	101,331	764,487	948	15,654,239

9.	STOCKS
				2020	2019
				E	E
	Maintenance,	domestic and catering stock		5,100	6,512
	Goods for resale			40,847	43,108
				45,947	49,620
10.	DEBTORS: AMOUNTS		FALLING
	DUE WITHIN ONE YEAR
				2020	2019
				E	E
	Trade debtors			3,207,012	2,724,026
	Other debtors			9,747	35,111
	Prepayments	and accrued income		270,171	69,714
	VAT			8,693
				3,495,622	2,828,851

								2020	2019
								f	f
	Loans and overdrafts	(see		note 13)				475,417	475,417
	Trade creditors							61,627	123,770
	Other creditors							107,961	161,603
	Payroll taxes							206,162	209,666
	Accruals and deferred	income						4,670,021	4,868,783
	Advance fees							285,300	392,604
								5,806,487	6,231,843
12.	CREDITORS: AMOUNTS		FALLING
	DUE AFTER MORE THAN		ONE		YEAR
								2020	2019
								f	f
	Building loans (see note		13)					4,605,859	4,876,809
	Advance fees							306,230	558,490
								4,912,089	5,435,299
13.	LOANS AND OVERDRAFTS
	An analysis ofthe maturity			of	loans and overdrafts		is given below:	2020 f	2019 f
	Amounts falling due	within		one year or on demand:
	Bank overdraft
	Building loans							475,417	475,417
								475,417	475,417
	Amounts falling due	between			one and two years:
	Building loans							475,417	475,417
	Amounts falling due	between			two and five years:
	Building loans							1,426,251	1,426,251
	Amounts falling due	after		five	years:
	Building loans							2,704,191	2,975,141
	The building loans with		amounts			falling due after more than five years are being repaid		by instalments off475	417per year,

OBLIGATIONS UNDER LEASING AGREEMENTS The total future minimum payments due on leases expiring:
	Operating	leases
	2020	2019
	6	6
Expiring:
Within one year	175,512	167,988
Between one and five years	151,258	148,066
Over five years		5,949

ALLOCATION OF THE CHARITY NET ASSETS
		Unrestricted	Restricted	Total
		funds	funds	funds
		E	F.	E
Fund values at 31August 2020 are represented	by:
Tangible fixed assets		14,896,353	377,511	15,273,863
Current assets		3,700,169	71,747	3,771,915
Liabilities		(10,718,576)		(10,718,576)
		7,877,945	449,258	8,327,203

RESTRICTED FUNDS
				At			At
				1September			31August
				2019	Income	Expenditure	2020
					E	E	E
Upkeep ofChapel
Scholarship fund				3,681	25,120	(25,000)	3,801
Development ofschool / Capital			buildings	273,005	181	(2,644)	270,541
Old Clayesmorians	Support	Fund		9,360			9,360
Teaching				3,652	640		4,292
Sports Facilities				7,400	250	(300)	7,350
Cricket pavillion				21,500			21,500
Long jump / High jump				4,583		(1,000)	3,583
Annual Unrestricted	Fund				850	(433)	417
Annual Teaching &	Learning			2,220			2,220
Annual Bursaries &Scholarships				5,768	2,808		8,516
Social Centre				25			25
Pup i I Projects				2,100			2,100
Musical Instruments				1,663	1,669	(2,719)	613
Lake Project				227	6,385		6,612
Hardship Fund					18,653	(4,780)	13,873
Other				22,571			22,571
Clayesmore Society				43,005	33,321	(10,503)	65,823
				406,760	89,876	(47,378)	449,258

2020	2019
6	E
230,346	1,395,633
230,346	1,395,633

	At		At
	1September		31August
	2019	Cash Flows	2020
Net cash
Cash at bank and in hand	1,395,633	(1,165,287)	230,346
Debt
Ioans falling due within one year	(475,417)		(475,417)
Loans falling due after more than one year	(4,877,002)	271,143	(4,605,859)
	(3,956,786)	(894,144)	(4,850,930)

				Unrestricted	Restricted	Total
				Funds	Funds	2019
			Notes	E	E
INCOME AND ENDOWMENTS		FROM:
Charitable activies
Fees receivable			2	13,580,562		13,580,562
Otherlncome			3	341,475		341,475
Donations and legacies					53,931	53,931
Other trading activities:
Trading income				177,997		177,997
Holiday lettings				103,237		103,237
Clayesmore Society					48,203	48,203
Total income				14,203,271	102,134	14,305,405
RESOURCES EXPENDED
Charitable activities:
School operating costs				13,489,172	60,595	13,549,767
Other costs:
Donations & Legacies expenses				2,562		2,562
Trading expenses				517,387		517,387
Finance and other costs				311,876		311,876
Clayesmore Society					35,108	35,108
				831,825	35,108	866,933
Totalresour«es expended			7	14,320,997	95,703	14,416,700
NET INCOME FOR THE YEARI
NET MOVEMENT IN FUNDS				(117,726)	6,431	(111,295)
Fund balances brought September 2018	forward at 1			7,972,167	400,329	gp372,496
FUND BALANCES CARRIED FORWARD
AT31AUGUST 2019				7,8S4,441	406,760	8,261,201