|||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|||||
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||||||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|
##
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##
|||||||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|
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||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|
##
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##
||||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||||||||||||
##
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##
||||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|
##
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##
|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|
##
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##
|||||
|---|---|---|---|
|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|
##
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##