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2021-08-31-accounts

Page
Members ofthe Council, Officers and Advisors
Report ofthe Council 2to 9
Report ofthe Independent Auditors 10to 12
Consolidated
Statement of		 Financial Activities 13
Consolidated
Balance Sheet		 14
Statement ofCash Flow 15
Notes to the Financial Statements 16to 28
Port Regis School Limited
Report ofthe Council
Forthe year ended 31August 2021
CHAIR Mr J Hussey
MA (Oxon) *e+x (appointed
Mr0TW Hawkins
MChem (Oxon) +sex"		 12/03/21)
(resigned 10/07/21)
MEMBERS OF THE COUNCIL Mr M Aichroth
+
Miss E Boswell MA (Oxon)
~
Lady M Cayley MA (Cantab)
Mrs E Dawson '+		 ox
Mr J Hamer"
Mrs J Healy MA (Cantab) *"
Ms SJames BEd Hons
~
Mrs F Loveridge
MA (Oxon)		 *+x-
Mrs
K Massey
Mr G White+'
Mrs J Williamson
JP +x
Mr N Tomlin +x (resigned 31/8/21)
Dr I McManus
MChem (Oxon) ~
Mr W Gething * (resigned 31/8/21)
v Member ofthe Finance Committee
~ Member ofthe Education Committee
+Member ofthe Governance Committee
x Member ofthe Wellbeing
Committee
"Member ofthe Communications
Committee
"Parent Governor
HEAD Mr T Mills BA(Hans) appointed 01/01/21
Mr S llett MA (Oxon) resigned 31/12/20
BURSAR Mr K Binns
BSc (Hons) MRICS
SECRETARY Mrs 6 A White
LL8 (Hons) LPC
ADDRESS AND REGISTERED OFFICE Motcombe
House
Motcombe
Park
Shaftesbury
Dorset, SP7 9QA
REGISTERED NUMBER 440436
CHARITY NUMBER 306218
BANKERS National
Westminster
Bank Pic
25 Market Place
Blandford
Forum
Dorset
DT117AQ
AUDITORS Fawcetts
LLP
Windover
House
St Ann Street
Salisbury
SP12DR

2021 2020
INCOME AND EXPENDITURE Unrestricted Restricted Total Total
Note 6 E 6 6
INCOME AND ENDOWMENTS FROM:
Charitable
activities:
School fees receivable 3 5,356,943 5,356,943 4,778,962
Other income 4 739,330 739,330 1,041,820
Donations
and legacies		 5 39,100 39,993 79,093 61,721
Other trading
activities		 46,418 46,418 129,792
Investment
income		 532 532 2,748
Total income 6,182,323 39,993 6,222,316 6,015,043
EXPENDITURE ON:
Raising funds 8 53,018 53,018 75,247
Charitable
activities		 8 6,093,112 8,924 6,102,036 6,135,280
Total expenditure 6,146,130 8,924 6,155,054 6,210,527
36,193 31,069 67,262 (195,484)
Net gains/(losses)
on investments		 14
NET INCOME/(EXPENDITURE) 36,193 31,069 67,262 (195,484)
RECONCILIATION
OF FUNDS:
Total funds brought
forward		 7,526,855 7,526,855 7,722,339
TOTAL FUNDS CARRIED FORWARD 7563048 31g069 7p594~117 Tp526p855

2021 2020
Notes 6 6
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash provided
by/(used
in) operating		 activities a 1,760,527 (176,453)
Cash flows from investing
activities:
Purchase oftangible
fixed assets		 (307,125) (379,600)
Proceeds on sale oftangible fixed assets 5,200
Net cash provided
by/(used
in) investing		 activities (307,125) (374,400)
Cash flows from financing
activities:
Repayments
of borrowing		 (1,287,500)
Cash inflows from new borrowing 2,000,000
Net cash provided
by/(used
in) financing		 activities (1,287,500) 2,000,000
CHANGE
IN CASH AND CASH EQUIVALENTS FOR THE YEAR		 165,902 1,449,147
Cash and cash equivalents
brought
forward		 b 2,518,425 1,069,278
CASH AND CASH EQUIVALENTS CARRIED FORWARD
AT31AUGUST b 2,684,327 2,518,425
a) Reconciliation
ofnet Income/(expenditure)		 to net cash flow from operating
activities
2021 2020
E F.
Net income/(expenditure)
for the year as		 per the
Statement
of Financial Activities		 67,262 (195,484)
Adjusted for:
Depreciation 396,232 382,743
(Profit)/loss
on disposal oftangible		 fixed assets 3,493 (738)
Net gains/(losses)
on investments
(Increase)/decrease
in debtors		 (15,760) 181,428
Increase/(decrease)
in creditors		 1,309,300 (544,402)
Net cash (used in)/provided
by operating		 activities 1,760,527 (176,453)
b) Analysis ofcash and cash equivalents
2021 2020
6 6
Cash at bank and
in hand		 2,684,327 2,518,425

Forthe year Forthe year ended 31A ugust 2021
2. Statement offinancial activities -comparative balances
2020
Unrestricted Restricted Total
INCOME AND ENDOWMENTS FROM: E E E
Charitable
activities:
School fees receivable 4,778,962 4,778,962
Otherincome 1,041,820 1,041,820
Donations
and legacies		 61,721 61,721
Other trading
activities		 129,792 129,792
Investment
income		 2,748 2,748
Total income 6,015,043 6,015,043
EXPENDITURE ON:
Raising funds 75,247 75,247
Charitable
activities		 6,135,280 6,135,280
Total expenditure 6,210,527 6,210,527
(195,484) (195,484)
Net gains/(losses)
on investments
NET INCOME/(EXPENDITURE) (195,484) (195,484)
RECONCILIATION
OF FUNDS:
Total funds brought 7,722,339 7,722,339
TOTAL FUNDS CARRIED FORWARD 7,526,855 7,526,855

Forthe year ended 31August 2021
3. Charitable activities: School fees receivable 2021 2020
6 6
Gross fees excluding registrations 6,642,356 6,556,697
Less: Bursaries, scholarships and allowances (1,285,413) (1,777,735)
5,356,943 4,778,962
Restricted fund bursa ries
5,356,943 4,778,962
4. Charitable activities: Other income 2021 2020
f 6
Extras, special tuition and outlays recoverable 375,966 439,676
Registration fees 10,295 10,659
Government grants 353,069 591,485
739,330 1,041,820
5. Donations and legacies 2021 2020
6 6
Donations 79,093 61,721
6. Other trading activities 2021 2020
6
Subsidiary trading
income		 (1,970) 21,715
Sports centre income 36,953 90,964
Lettings and rents 8,395 2,406
Otherincome 3,040 14,707
46,418 129,792
7. Investment income 2021 2020
6 6
Bank and other interest 310 2,609
investment income 222 139
532 2,748

Notes to the Consolidated
Financial		 to the Consolidated
Financial		 Statements
Forthe year ended 31August 2021
8. Expenditure Staff Other Total Total
costs costs Depreciation 2021 2020
E 6 E E E
Raising funds
Trading costs
Commissions
and other costs
Bank loan interest and charges		 3,251
35,427
12,311		 2,029 5,280
35,427
12,311		 22,124
49,105
4,018
S0,989 2,029 53,018 75,247
Charitable
activities
Education.
Teaching
Welfare
Premises
ICT & AV development
Support costs ofschooling
Bad debts
Lettings, courses and other activities		 2,682,489
471,160
511,048
531,100
30,000		 98,247
199,168
861,590
163,512
136,150
21,834
1,536		 4,357
389,845		 2,785,093
670,328
1,762,483
163,512
667,250
21,834
31,536		 2,930,890
717,676
1,620,692
121,411
699,511
13,907
31,193
4,225,797 1,482,037 394,202 6,102,036 6,135,280
4,225,797 1,533,026 396,231 6,155,054 6,210,527
(note 11)
TOTAL 2020 4,481,576 1,346,208 382,743 6,210,527
9. Net income/(expenditure) 2021 2020
This is stated after charging: E
Depreciation
(Loss)/Profit
on disposal offixed assets
Auditors'
remuneration:		 396,231
(3,493)		 382,743
738
—audit
Operating
lease		 rentals: 15,000 13,746
- equipment rental 29,376 3 .0

Teaching Teaching Non-teaching Non-teaching Total
2021 2020 2021 2020 2021 2020
E E E E E E
Wages and salaries
Social security
Pension costs		 2,042,085
195,012
252,218		 2,261,541
220,563
320,510		 1,572,733
115,677
48,072		 1,520,102
107,676
51,184		 3,614,818
310,689
300,290		 3,781,643
328,239
371,694
2,489,315 2,802,614 1,736,482 1,678,962 4,225,797 4,481,576
The average number of employees during the year were as follows: 2021 2020
No. No.
Teaching staff 53 56
Other employees 94 113
147 169
The number
of employees		 whose emoluments for the year fell 2021 2020
within the following bands were: No, No.
660,001to 670,000
E70,001to E80,000
E80,001to E90,000
E90,001to 6100,000
6100,001to E110,000

Furniture,
Freehold Building fittings & Motor School Group
Cost property
E		 improvements
E		 equipment
E		 vehicles
E		 Total
E		 Subsidiary
E		 Total
E
At 1September
Additions
Disposals
At 31August		 11,684,892
11,684,892		 2,881,672
105,498
2,987,170		 2,849,588
201,627
(4,842)
3,046,373		 49,560
49,560		 17,465,712
307,125
(4,842)
17,767,995		 143,370
143,370		 17,609,082
307,125
(4,842
17,911,365		 )
Depreciation
At 1September
Charge for the year
Disposals
At 31August		 4,448,801
231,698
4,680,499		 2,459,317
42,788
2,502,105		 2,252,298
115,360
(1,349)
2,366,309		 32,133
4,357
36,490		 9,192,549
394,203
(1,349)
9,585,403		 137,812
2,029
139,841		 9,330,361
396,232
(1,349)
9,725,244
Net book value
At 31August 2021 7,004,393 485,065 680,064 13,070 8,182,592 3,529 8,186,121
At 31August 2020 7,236,091 422,355 597,290 17,427 8,273,163 5,558 8,278,721

Fid t
xe sse Investments Investment Unquoted Group Motcombe School
Trusts UK equities Total Park Ltd Total
E E E E E
Market value at 1September
Unrealised
gains/(losses)		 4,429 1,320 5,749 500 6,249
Market value at 31August 4,429 1,320 5,749 500 6,249
Historical cost 1,600 90 1,690 500 2,190
Debtors Group School
2021 2020 2021 2020
E E E
Fees and extras
Stocks, prepayments
and accrued income
Amount
owed by subsidiary		 145,114
97,654		 128,978
98,030		 145,114
96,788
11,163		 128,978
97,777
4,383
242,768 227,0DB 253,065 231,138

16. Creditors: amounts
due		 within one year Group School School
2021 2020 2021 2020
6 f 6 6
Cash received
in advance for next term's fees
Advance fees scheme (note 18)
Deposits
Trade creditors
Bank loans (note 17)
Hire purchase agreements
Other taxation
and social security
Other creditors
Accruals and deferred
income		 707,757
331,434
344,747
97,245
150,000
4,343
74,774
32,666
136,070		 575,332
138,784
400,800
109,816
100,000
7,445
77,703
33,254
84,507		 707,757
331,434
344,747
97,245
150,000
4,343
74,774
32,666
133,454		 575,332
138,784
400,800
109,816
100,000
7,445
76,055
31,154
84,507
1,879,036 1,527,641 1,876,420 1,523,893
17. Creditors: amounts
due after more		 than one year 2021 2020
6 6
Advance fee scheme (note 18) 1,083,312 71,064
Bank loans 562,500 1,900,000
Hire purchase agreements 4,343
1,645,812 1,975,407
Hire purchase
agreements		 repayable by instalments: 2021 2020
6 6
Less than 1year 4,343 7,445
Between 2 and 5years 4,343
4,343 11,788
Bank loans repayable
by instalments:		 2021 2020
6 6
Less than 1year 150,000 100,000
Between 2 and 5years
In 5 years or more		 562,500 1,600,000
300,000
712,500 2,000,000

2021 2020
f f
Less than 1year 331,434 138,784
Between 2 and 5years 1,083,312 71,064
1,414,746 209,848
Summary of movements in liability: 2021 2020
F. f
Balance at 1September 209,848 249,613
Additional amounts received 1,356,410 138,049
Allocation to fees (151,512) (177,814)
Balance at 31August 1,414,746 209,848

As at 31 Au
equipment		 gust the Sch
as follows:		 ool had total future minimum
lease pay		 ments
under
non		 -cancellable operat ing
leases for
2021 2020
F.
Less than 1year 27,506 29,376
Between 2 and 5 years 18,013 45,519
Over 5years
45,519 74,895
Analysis of net assets between funds
Fixed assets
& Net current Creditors &1
investments liabilities year Total
f f f f
Unrestricted funds:
General undesignated funds 8,157,272 1,059,169 (1,645,812) 7,570,629
Trading subsidiary 3,529 (11,110) (7,581)
Restricted funds 31,069 31,069
Net assets at the end of the year 8,191,870 1,048,059 (1,645,812) 7,594,117

Comparative
analysis of		 net asset s between
funds		 for the year end ed 31August 2 020:
Fixed assets
& Net current Creditors &1
investments liabilities year Total
E E E E
Unrestricted
funds:
General undesignated funds 8,278,912 1,223,681 (1,975,407) 7,527,186
Trading subsidiary 5,558 (5,889) (331)
Restricted funds
Net assets at the end ofthe year 8,284,470 1,217,792 (1,975,407) 7,526,855
Statement offunds
Balance at Incoming Outgoing Gains/losses Balance at
1.09.20 resources resources &transfers 31.08.21
E E E E E
Unrestricted
funds:
General undesignated funds 7,527,186 6,184,293 (6,140,850) 7,570,629
Trading subsidiary (331) (1,970) (5,280) (7,581)
7,526,855 6,182,323 (6,146,130) 7,563,048
Restricted funds 39,993 (8,924) 31,069
7,526(855 6,222,316 (6,155,054) 7,594,117
Comparative
statement		 offunds for the year ended 31August 2020:
Balance at Incoming Outgoing Gains/losses Balance at
1.09.19 resources resources &transfers 31.08.20
E E E E
Unrestricted
funds:
General undesignated funds 7,722,261 5,993,328 (6,188,403) 7,527,186
Trading subsidiary 78 21,715 (22,124) l331)
7,722,339 6,015,043 (6,210,527) 7,526,855
Restricted funds
7,722,339 6,015,043 (6,210,527) 7,526,855

Profit a nd loss accounts 2021 2020
6 6
Turnover (1,970) 21,715
Operating
costs		 (5,280) (22,124)
Operating
profit		 (7,250) (409)
Interest receivable
(7,250) (409)
Gift aid donation to Port Regis School
(7,250) (409)
Balance sheet 2021 2020
E 6
Fixed assets 3,529 5,558
Current assets 3,170 4,521
Current liabilities (13,780) (9,910)
(7,081) 169
Called up share capital 500 500
Retained earnings (7,581) (331)
(7,081) 169