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|Page|1 - 10|Report ofthe Governing|Report ofthe Governing|Body|
|---|---|---|---|---|
||11 - 13|Independent
Auditors'|Report||
||14|Statement ofFinancial||Activities|
|||Income and Expenditure||Account|
||16|Balance Sheet|||
||17|Cash Flow Statement|||
||18-26|Notes to the Financial|Statements||
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||H D Cocke|H D Cocke|(Chair)|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||BDavies||(Vice-Chair)|||||||||
||C JCulley||(Chair ofF&GP)|||||||||
||Dr R Skule|||||||||||
||M RTimberlake|||||Resigned|||31"July 2020|||
||E M Barkham||(Chair ofESC)|||||||||
||N L Hunter|||||||||||
||C Jarrold|||||||||||
||S West|||||||||||
||A Van|Wensveen||||Appointed|||20a|February 2020||
||JOffer|||||Appointed|||9a January 2020|||
|||Member of|the Finance and General|||Purposes||Committee||(F&GP)||
|||Member ofthe Communications||Committee||||(CC)||||
|||Member of|the Education
and Safeguarding||||Committee (ESC)|||||
|Head|||C Saenger BA QTS|||||||||
|Bursar|||J Perry
—(RMartin||Retired||31/08/20)|||||
|Finance|Administrator||SFairlield|||||||||
|Bankers|||General Purpose|||||||||
||||Lloyds Bank pic|||||||||
||||Ferndown
Branch|||||||||
||||PO Box 1000|||||||||
||||BX1 1LT|||||||||
|Savings|Accounts||National
Westminster|||Bank||||Barclays Bank PLC||
||||Wimborne
Branch|||||||Wimborne|Branch|
||||7 West Borough|||||||Registered|Address|
||||Wimborne|||||||1 Churchill|Place|
||||Dorset|||||||London||
||||BH21 1PR|||||||E145HP||
||||Teachers Building||Society|||||||
||||Allenview
House|||||||||
||||Hanham
Road|||||||||
||||Wimborne|||||||||
||||Dorset
BH21 1AG|||||||||
|Auditors||Fletcher &Partners||||
|---|---|---|---|---|---|
|||Chartered
Accountants||||
|||Crown Chambers||||
|||Bridge Street||||
|||Salisbury||||
|||Wiltshire||||
|||SPI 2LZ||||
|Insurance|Brokers|Hayes Parsons Broker Insurance|Marsh Ltd|||
|||Colston Tower|Capital House|||
|||Colston Street|1-5Perrymount||Road|
|||Bristol|Haywards|Heath||
|||BSI 4XE|West Sussex|||
||||POI IDU|||
|Solicitors||Wilsons Solicitors LLP||||
|||Alexandra
House||||
|||StJohns Street||||
|||Salisbury||||
|||Wiltshire||||
|||SPI 2SB||||
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|||FOR THE|YEAR ENDED 31JULY 2020|YEAR ENDED 31JULY 2020|YEAR ENDED 31JULY 2020||
|---|---|---|---|---|---|---|
||||||Total|Total|
|||||Note|2020|2019|
|INCOME FROM:|||||||
|Coronavirus
Job Retention|Scheme Grants||and Donation|3b|161,057||
|Charitable
activity - operation ofthe school|||||||
|Pupils fees|||||3,720,535|3,760, 154|
|Less: Covid-19 summer
term discount|||||(374,400)||
|Pupils extras and|disbursements||recovered||42,778|31,605|
|Early Years Funding|||||59,202|72,512|
|School bus service|||||51,404|76,529|
|Holiday
Activities|||||133|8,140|
|Investmeat||||3a|3,027|11,232|
|Other|||||13,399|1,450|
|TOTAL INCOME|||||3,677,135|3,961,622|
|EXPENDITURE ON:|||||||
|Charitable
activities|||||||
|Costs ofoperation|ofthe School||||3,742,648|3.684,652|
|TOTAL EXPENDITURE|||||3,742,648|3,684,652|
|NET INCOME/(EXPENDITURE)
FOR THE YEAR|||||(65,513)|776,970|
|FUND BALANCES AT|1 AUGUST 2019|||12a|7,120,224|6,843,254|
|FUND BALANCES AT 31||JULY 2020||12a|7,054,711|7,120,224|
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||||Notes||2020||2019|
|---|---|---|---|---|---|---|---|
||||||f|||
|TURNOVER||||||||
|Pupils fees|||||3,720,535||3,760,154|
|Less: Covid-19 summer|term discount||||(374,400)|||
|Early Years Funding|||||59,202||72,512|
|Pupils extras and disbursements||recovered|||42,778||31,605|
||||||3,448,115||3,864,271|
|OTHER OPERATING|INCOME|||||||
|School bus income|||||51,404||76,529|
|Interest receivable|||3a||3,027||11,232|
|Coronavirus
Icb Retention|Scheme|Grants|3b||161,057|||
|Miscellaneous
income|||||13,532||9,590|
||||||3,677,135||3,961,622|
|EXPENDITURE||||||||
|Consumables||||185,809||266,217||
|Disbursements
on behalf ofpupils||||7,716||9,179||
|Other external charges||||581,815||619,445||
|Staff costs:—||||||||
|Salaries and wages||||2,104,618||7,107,040||
|Social security costs||||186,820||181,936||
|Other pension|costs||14b|326,355||240,254||
|||||2,617,793||2,529,230||
|Depreciation
and other amounts||||||||
|written offtangible
lyxed assets||||259,551||193,885||
|Other operating
charges||||89,964||66,696||
||||||3,742,648||3,684,652|
|GKNERALFUND||||||||
|(DEFICIT)/SURPLUS|||12a||~f.65 513||%276,970|
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|||FOR|THE YEAR ENDED 31JULY 202|THE YEAR ENDED 31JULY 202|THE YEAR ENDED 31JULY 202|THE YEAR ENDED 31JULY 202|||
|---|---|---|---|---|---|---|---|---|
||||Company|Registration|Number;|936623|||
||||N42Ss|||2020||2019|
|FIXEDASSETS|||||||||
|Tangible Assets||||||6,416,928||6,509,514|
|CURRENT ASSETS|||||||||
|Debtors|||8|136,090|||115,028||
|Cash at bank and||in hand||~945 339|||1,144,258||
|||||1,081,429|||1,259,286||
|CREDITORS: Amounts|falling due||||||||
|within one year|||9|~273 635)|||430301||
|NET CURRENT ASSETS||||||007 794||828,985|
|TOTAL ASSETSLESS|CURRENT||||||||
|LIABILITIES||||||7,224,722||7,338,499|
|CREDITORS: Amounts|falling due||||||||
|after more than one year|||10|||~170,011)||~218,275)|
|TOTAL NET ASSETS|||12a|||7 054,711||7 120 224|
|TOTAL GENERAL FUNDS|||12a|||7,054 711||7,120,224|
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|||Note||2020|2020|2019|
|---|---|---|---|---|---|---|
|NET CASH (OUTFLOW)/ INFLOW|||||||
|FROM OPERATING ACTIVITIES||A|||(34,982)|693,390|
|RETURNS ON INVESTMENTS AND SERVICING|||||||
|OF FINANCE|||||||
|Investment
income received||||3,027|11,232||
|Proceeds ofsale ofproperty,
plant and equipment||||17,680|4,400||
|Purchase ofproperty,
plant|and equipment||(184,645)||( 1.,858,452)||
||||||(163,938)|(1,842,820)|
|(DECREASE) IN CASH||B,C|||(I198,920)|(81,149,430)|
|NOTES TO THE CASH|FLOW STATEMENT||||||
|A.
Reconciliation
of net income/(expenditure)|||to net cash||inflow from operating|activities|
|Net (expenditure)/
income|for the reporting|period|||(65,513)|276,970|
|Depreciation|||||274,657|194,934|
|interest
from investments|||||(3,027)|(11,232)|
|Loss/(profit)
on sale offixed assets|||||(15,107)|(1,049)|
|Decrease
/ (Increase) in debtors|||||(21,062)|(18,699)|
|(Decrease)
/ Increase
in creditors|||||(204,930)|252,466|
|Net cash (outflow)/
inflow|from operating|activities|||@34,982)|f693,390|
|B.
Reconciliation
of net|cash outflow to movements|||in net|funds||
|Net funds at 31July 2019|||||1,144,259|2,293,689|
|Net cash(outflow)/
inflow|||||(198,920)|(1,149,430)|
|Net funds at 31 July 2020|||||f945,339|%1,144,259|
|C.
Analysis ofchanges|in net funds||||||
||||01.08.19||Cash flow|31.07.20|
|Cash at bank and in hand|||1,144,259||(198,920)|945,339|
||||81,144,259||(8198,920)|8945,339|
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|Assets under construction|Assets under construction|Not depreciated|until assets are brought|until assets are brought|into|use.|
|---|---|---|---|---|---|---|
|Land and original buildings:||No depreciation.|||||
|School buildings:||At various
rates|from 2'/o to 10'/o per annum|||on historical cost.|
|Astroturf sport pitch:|||||||
|Base, groundworks|and related costs|4/0 per annum|on costs.||||
|Synthetic
surface||14.29'/0 per annum
on costs.|||||
|Fencing and equipment||10'/o per annum|on costs.||||
|Other sports buildings|and facilities:|At various
rates|averaging|8'/0 per annum|on|costs.|
|Furniture
and Fittings:||20'/0 per annum|on written|down value.|||
|Computers:||50/0 per annum|on cost||||
|Plant and machinery:||20'/o per annum|on written|down value.|||
|Motor vehicles:||25/0 per annum|on written|down value.|||
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||||||||2020|2019|
|---|---|---|---|---|---|---|---|---|
|2|SCHOOL FEES||||||||
||The Company's
fee income|comprised:|||||||
||Prep School||||||3,164,816|3,132,527|
||Pre-prep||||||511,723|560,474|
||Nursery||||||41,496|64,703|
||Registration
fees||||||2,500|2,450|
||||||||3,720,535|3,760,154|
||Less Covid-19 summer|term|discount||||(374,400)||
||||||||3,346,135|3,760, 154|
|3a.|UK INVESTMENT INCOME||||||||
||Bank interest||||||3,027|11,232|
|3b.|GRANTS AND DONATIONS||||||||
||Government
Grants: Coronavirus
Job Retention||||Scheme||160,557||
||Donations||||||500||
||||||||161,057||
|4.|EXPENDITURE||||||||
||Charitable
activity expenditure||includes:||||||
||Depreciation oftangible|fixed assets|||||274,657|194,934|
||Profit/(loss)
on disposal|offixed assets|||||15,108|1,049|
||Auditors
remuneration:||||||||
||Audit fees||||||l.1,070|10,590|
||Other services||||||4,108|9,103|
||Operating
lease rentals||||||7,507|7,507|
||The Company
has professional||indemnity|insurance||for the Governors|which costf324 for the y'ear||
||(2019 —f324).||||||||
||Total staff costs comprised;||||||||
||Salaries||||||2,104,618|2,107,040|
||Social Security Costs||||||186,820|181,936|
||Pension Costs||||||326,355|240,254|
||||||||2,617,793|2,529,230|
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|5.|ANALYSIS OF TOTAL RESOURCES EXPENDED|ANALYSIS OF TOTAL RESOURCES EXPENDED|ANALYSIS OF TOTAL RESOURCES EXPENDED|ANALYSIS OF TOTAL RESOURCES EXPENDED||||
|---|---|---|---|---|---|---|---|
||||Staff|Other||2020|2019|
||||Costs|Costs|Depreciation|Total|Total|
||Charitable
activity
—operation ofthe school|||||||
||Direct costs:|||||||
||Teaching and welfare||2,296,100|227,967|83,960|2,608,027|2,634,754|
||Premises and facilities||89,027|386,846|190,697|666,570|621,267|
||Advertising,
marketing|and|13,694|30,460||44,154|46,183|
||publicity|||||||
||Total||2,398,821|645,273|274,657|3,318,751|3,302,204|
||Support costs;|||||||
||Support costs ofschooling||208,319|182,544||390,863|348,755|
||Governance
costs||10,653|22,381||33,034|33,693|
||Total||218,972|704,925||423,897|382,448|
||Total resources expended||2,617,793|850,198|274,657|3,742,648|3,684,652|
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|Staff costs|Staff costs||10,653|12,252|
|---|---|---|---|---|
|Auditors'|remuneration:|for audit (inclusive ofvat)|11,070|10,590|
|||for other services|1,920|1,890|
|Legal and|professional|fees|9,391|8.961|
||||33,034|33,693|
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|7.FIXEDASSETS||||||||||
|---|---|---|---|---|---|---|---|---|---|
||Freehold|||||||||
||Land &||Furniture||&|Plant &|Motor|Computers|2020|
||Buildings||Equipment|||Machinery|Vehicles|& Software|TOTAL|
|COST OR VALUATION||||||||||
|As at 1 August 2019|7,513,479|||781,653||635,355|295,608|96,304|9,322,399|
|Additions||121,222||||30,699|32,724||184,645|
|Disposals|||(256,427)|||(24,848)||(96,304)|(377,579)|
|As at 31 July 2020|7,634,701|||525,226||641,206|328,332||9,129,465|
|DEPRECIATION||||||||||
|As at I August 2019|1,485,555|||590,551||425,302|215,172|96,304|2,812,885|
|Charge for the year||145,960||55,659||44,737|28,301||274,657|
|Written back on|||(256,427)|||(22,274)|-|(96,304)|(375,005)|
|disposal||||||||||
|As at 31July 2020|1,631,515|||389,783||447,765|243,473||2,712,537|
|NET BOOK VALUE||||||||||
|As at I August 2019|6,027,924|||191,103||210,053|80,434||6,509,514|
|As at 31July 2020|6,003,185|||135,443||193,441|84,859||6,416,928|
|Freehold
land and buildings||at Deans Grove were revalued
atfl.I million
on||||||22 March 1997|by FPD|
|Savills on the basis ofopen||market value.||Since|then|extensive|redevelopment|ofthe campus|has taken|
|place.||||||||||
||||||||2020||2019|
|8.DEBTORS||||||||||
|Parents for fees and extras|||||||49,239||-'18,623|
|Prepayments|||||||66,901||63,012|
|Accrued income|||||||2,845||3,393|
|Other Debtors|||||||17,105|||
||||||||136,090||115,028|
|9.CREDITORS: AMOUNTS FALLING||||DUE WITHIN ONE|||YEAR|||
|Pupils' fees received|in advance||||||69,792||148,325|
|Deposits from parents|||||||13,000||14,500|
|Trade creditors|||||||50,466||69,495|
|Taxation and Social Security|||||||57,676||52,580|
|Other creditors|||||||11,654||7,022|
|Accruals|||||||71,047||138,379|
||||||||273,635||430,301|
||NOTES TO THE FINANCIAL|NOTES TO THE FINANCIAL|STATEMENTS AS|STATEMENTS AS|AT 31|JULY 2020||
|---|---|---|---|---|---|---|---|
|||||||2020|2019|
|10.|CREDITORS: AMOUNTS FALLING||DUE AFTER|||||
||MORE THAN ONE YEAR|||||||
||Deferred income - fees received
in advance|||||67,260|101,275|
||Deposits from parents|||||102,751|117,000|
|||||||170,011|218,275|
|11.|DEFERRED INCOME|||||||
||Pupils fees received
in advance are scheduled|||to be applied as follows:||||
||Amounts
falling due within one year|||||69,792|148,325|
||Amounts
falling due after one year within||5 years|||67,260|101,275|
||Total liability
due at 31st July 2020|||||I.37,052|249,600|
||Movement
on advance
on fees|||||||
||Fees in advance
brought
forward at I|August||2019||249,600|148,378|
||Amounts
received for fees in advance|in year||||70,596|167,921|
||Amounts
used in year against fees|||||(183,144)|(66,699)|
||Fees in advance
carried forward at 31|July 2020||||137,052|249,600|
|12.|ANALYSIS OF NET ASSETS|||||General|General|
|||||||Funds|Funds|
||Tangible fixed assets||||6,4 1.6,928||6,509,514|
||Net current assets|||||807,794|828,985|
||Long term liabilities|||||(170,011)|(218,275)|
||||||7,054,711||7,120,224|
|12(a)|FUND
MOVEMENT
IN THE YEAR|||||||
||At I August 2019||||7,120,224||6,843,254|
||(Deficit)/Surplus
on ordinary
activities|for the||year||(65,513)|276,970|
||At 31July 2020||||7,054,711||7,120,224|
|13.|GUARANTORS'
LIABILITY|||||||
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|in respect|ofe|quipment,
was as follows:|||
|---|---|---|---|---|
||||2020|2019|
|||||f|
|Amounts|due|within one year|7,135|5,318|
|Amounts|due|between two and five years|20,098|4,704|
||||27 233|10027|
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