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|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|
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|||||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|
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||||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|
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||||||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|
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|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|
##
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||2020|2019|
|---|---|---|
|Teaching|117|122|
|Others|184|201|
||301|323|
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|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||
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|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|
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|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|
##
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|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|
##
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|||||||||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,|
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|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|
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|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|
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|2020|2019|
|---|---|
|6|E|
|230,346|1,395,633|
|230,346|1,395,633|
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||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)|
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|||||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|