##
##
|Annual
Report|||
|---|---|---|
|Year Ended 31 July 2021|||
|Contents||Page|
|Trustees'
Report|||
|Independent
Auditors'
Report to the|Members|16|
|Consolidated
Statement
of Financial|Activities|19|
|Consolidated
Balance Sheet||20|
|Company
Balance Sheet||21|
|Consolidated
Cash Flow Statement||22|
|Notes and Accounting
Policies||24|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||General|Restricted|2021|General|Restricted|2020|
|---|---|---|---|---|---|---|---|---|---|
|||||Fund|Fund|Total|Fund|Fund|Total|
||||Notes||F||f||f|
|Income||||||||||
|Charitable
Activities||||||||||
|School fees receivable|||2|5,015,872||5,015,872|4,434,762|-|4,434,762|
|Ancillary
trading
income|||3|479,555||479,555|382,307||382,307|
|Other trading activities||||||||||
|Commercial
trading|operations||4|107,811||107,811|94,247||94,247|
|Government
grant -|CJRS|||108,890||108,890|138,475||138,475|
|Other income||||56,124||56,124|42,943||42,943|
|Donations|||||500|500||11,596|11,596|
|Tota I income||||5,768,252|500|5,768,752|5,092,734|11,596|5,104,330|
|Expenditure||||||||||
|Charitable
Activities||||||||||
|School operating
costs|||5|5,512,831|5,000|5,517,831|4,967,403|6,446|4,973,849|
|Costs ofgenerating|funds|||||||||
|Commercial
trading|operations||5|63,500||63,500|55,747||55,747|
|Total expenditure|||5|5,576,331|5,000|5,581,331|5,023,150|6,446|5,029,596|
|Net income
/ (expenditure)||||||||||
|before transfers||||191,921|(4,500)|187,421|69,584|5,150|74,734|
|Transfers
between|funds|||||||||
|Net income
/ (expenditure)||and||||||||
|movement
in funds|for the|year||191,921|(4,500)|187,421|69,584|5,150|74,734|
|Funds as at 1 August|2020|||1,027,915|5,150|1,033,065|958,331||958,331|
|Funds as at 31July|2021|||1,219,836|650|1,220,486|1,027,915|5,150|1,033,065|
##
##
|Consolidated
B|ala|nce|Sheet||||
|---|---|---|---|---|---|---|
|31 July 2021|||||||
||||||2021|2020|
||||Notes||||
|Fixed assets|||||||
|Intangible
assets|||||||
|Tangible assets|||||2,250,756|2,349,231|
||||||2,250,756|2,349,231|
|Current assets|||||||
|Stock|||||49,967|45,123|
|Debtors|||||223,438|304,382|
|Cash at bank and|in hand||||640,065|54,473|
||||||913,470|403,978|
|Current liabilities|||||||
|Amounts
falling due within|||one year|12|(1,072,584)|(809,707)|
|Net current
liabilities|||||(159,114)|(405,729)|
|Total assets less|current||liabilities||2,091,642|1,943,502|
|Long term liabilities
Amounts
falling due after one year||||12|(871,156)|(910,437)|
|Net assets|||||1,220,486|1,033,065|
|Restricted funds||||13/14|650|5,150|
|Unrestricted
general||fund||13/14|1,219,836|1,027,915|
|Total funds|||||1,220,486|1,033,065|
##
##
|31 July 2021||||||
|---|---|---|---|---|---|
|||||2021|2020|
|||Notes||||
|Fixed assets||||||
|Intangible
assets|||8|||
|Tangible assets|||9|2,250,756|2,349,231|
|Investments|||10|2|2|
|||||2,250,758|2,349,233|
|Current assets||||||
|Stocks||||7,984|4,392|
|Debtors||||302,594|365,064|
|Cash at bank and|in hand|||601,123|30,412|
|||||911,701|399,868|
|Current
liabilities||||||
|Amounts
falling due within||one year|12|(1,070,817)|(805,599)|
|Net current
liabilities||||(159,116)|(405,731)|
|Total assets less|current|liabilities||2,091,642|1,943,502|
|Long term liabilities||||||
|Amounts
falling due after one year|||12|(871,156)|(910,437)|
|Net assets||||1,220,486|1,033,065|
|Restricted funds|||13/14|650|5,150|
|Unrestricted
general fund|||13/14|1,219,836|1,027,915|
|Total funds||||1,220,486|1,033,065|
##
##
|Year ended 31 July 2021||||
|---|---|---|---|
|||2021|2020|
||Notes|||
|Net cash inflow from operations||847,544|199,401|
|Returns on investments
and||||
|Servicing offinance
Finance costs paid||(33,300)|(26,961)|
|Capital expenditure
and financial||||
|Investment||||
|Payments
for tangible
fixed assets||(153,475)|(236,994)|
|Proceeds from sale offixed assets||1,080|4,850|
|Net cash outflow from capital expenditure||(152,395)|(232,144)|
|Financing||||
|Repayment
of bank borrowing||(28,024)||
|Payment
to finance lease creditors
New finance lease agreements||(27,056)
33,662|(23,865)
25,795|
|Net cash (outflow)
/ inflow from financing||(21,418)|1,930|
|Increase
/ (decrease)
in cash in the year||640,431|(57,774)|
|Reconciliation
of net cash flow to||||
|movement
in net funds||||
|Increase
/ (decrease)
in cash||640,431|(57,774)|
|Change
in net funds
Net funds at 1 August 2020||640,431
(366)|(57,774)
57,408|
|Net (debt) funds at 31July 2021||640,065|(366)|
##
##
##
|Ye|ar ended 31 July 2|021|||||
|---|---|---|---|---|---|---|
|(i)|Reconciliation
of net|incoming|resources to net cash flow from operations||||
|||||2021||2020|
|||||E|||
||Net income for the year|||187,421||74,734|
||Elimination
of non-operating||cashflows:||||
||Financing
costs|||33,300||26,961|
||Amortisation
charge|||||1,569|
||Loss on disposal offixed assets|||9,690||675|
||Depreciation
charge|||241,176||249,903|
||(Increase)
/ decrease|in stock||(4,844)||(4,028)|
||(Increase)
/ decrease|in debtors||80,944||(42,846)|
||Increase
/ (decrease)|in creditors||276,062||(88,349)|
||Increase
/ (decrease)|in deposits||23,795||(19,218)|
||Net cash inflow from operations|||847,544||199,401|
|(ii)|Analysis
ofchanges|in net funds|||||
|||||At 1||At 31|
|||||August|Cash|July|
|||||2020|flows|2021|
||Cash at bank and
in|hand||54,473|585,592|640,065|
||Bank overdraft|||(54,839)|54,839||
|||||(366)|640,431|640,065|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|Ye|ar Ended 3|1 July 2021|1 July 2021|1 July 2021|1 July 2021||||
|---|---|---|---|---|---|---|---|---|
|2|Charitable|activities - School fees|||||||
||||||||2021|2020|
||Gross school fees receivable||||||5,961,501|5,493,203|
||Less:||||||||
||Scholarships||||||(174,453)|(172,496)|
||Bursaries||||||(298,160)|(281,297)|
||Other discounts||and awards||||(473,016)|(604,648)|
||||||||5,015,872|4,434,762|
|3|Charitable|activities —Ancillary|||trading|income|||
||||||||2021f|2020|
||Catering
and transport||||||383,717|289,734|
||School trips|and|other re-chargeables||||77,188|74,072|
||Entrance and registration|||fees|||14,898|12,950|
||Other income||||||3,752|5,551|
||||||||479,555|382,307|
||Subsidiary|Subsidiary||Charity|
|---|---|---|---|---|
||2021|2020|2021f|2020
E|
|Turnover
and fee income|107,811|94,247|5,290,360|4,650,003|
|Cost ofsales: Subsidiary|(59,748)|(52,397)|||
|Gross profit: Subsidiary|48,063|41,850|||
|Administration:
Subsidiary|(14,533)|(12,777)|||
|Other income|||||
|Income for the year|33,530|29,073|5,671,722|5,018,883|
|Deed ofCovenant|(33,530)|(29,073)|33,530|29,073|
|Gross incoming
resources|||5,705,252|5,047,956|
|Costs of charitable
activities|||(5,517,831)|(4,973,849)|
|Retained
income|||187,421|74,107|
##
##
##
##
|||||Staff|Other|Depreciation|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||costsf|costs||2021|2020
E|
||Charitable
activities-||||||||
||Salary 8 Staff Costs||3,733,159||||3,733,159|3,551,510|
||Teaching||||295,177||295,177|236,236|
||Catering||||204,063||204,063|135,875|
||Estates/Grounds||||478,825|199,500|678,325|546,397|
||Governance||||71,895||71,895|72,075|
||Support costs ofschooling||||493,536|41,676|535,212|431,756|
||Charity||3,733,159||1,543,496|241,176|5,517,831|4,973,849|
||Cost ofgenerating|funds:|||||||
||Trading costs ofthe|subsidiary|||63,500||63,500|55,747|
||Total Resources Expended||||||||
||Group||3,733,159||1,606,996|241,176|5,581,331|5,029,596|
|6|Expenditure
—Other Disclosures||||||||
||||||||2021|2020|
||Auditors'
remuneration:||||||||
||Audit fees||||||14,820|12,500|
||Accounting
and other||compliance|services|||4,758|2,630|
||Payroll services||||||10,502|11,055|
||Depreciation
of intangible||fixed assets (note 8)|||||1,569|
||Depreciation
oftangible||fixed assets|(note 9)|||241,176|249,903|
||Bank and other loan|interest payable|||||34,002|26,961|
##
##
|Ye|ar Ended 31 July|2|021||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|7|Staff Costs||||||||||
||||||||||2021f|2020|
||Wages and salaries
Social security costs||||||||3,010,379
258,794|2,868,354
245,768|
||Other pension costs||||||||463,986|437,388|
||||||||||3,733,159|3,551,510|
||Average
number
of|employees|||||||137|134|
||The number of higher||paid employees||was:||||||
||290,001 - E100,000||||||||||
||Ofthese employees,||the number|with|retirement||benefits||||
||accruing
in defined|benefit pension schemes||||was|||||
||||||||||2021|2020|
||Aggregate
employee||remuneration|of|key management|||personnel|443,926|326,448|
|8|Fixed Assets - Intangible||||||||||
|||||||||Charity|Subsidiary|Group|
||||||Software|||Total|Total|Totalf|
||Cost||||||||||
||At 1 August 2020|||||33,404||33,404||33,404|
||At 31July 2021|||||33,404||33,404||33,404|
||Depreciation||||||||||
||At 1 August 2020|||||33,404||33,404||33,404|
||At 31 July 2021|||||33,404||33,404||33,404|
||Net book amounts||||||||||
||At 31 July 2020||||||||||
||At 31 July 2021||||||||||
##
##
##
##
|||||||Subsidiary|Subsidiary||
|---|---|---|---|---|---|---|---|---|
|||Freehold|Fixtures Computer||Motor|Charity|Fixtures|Group|
|||properties|&fittings|equipm't|vehicles|Total|&fittings|Total|
|||E|||||||
|Cost|||||||||
|At 1 August 2020||3,420,283|2,705,421|119,930|135,533|6,381,167|1,492|6,382,659|
|Additions||15,367|93,598|13,816|30,694|153,475|-|153,475|
|Disposals|||(43,663)|-|(2,600)|(46,263)|-|(46,263)|
|Transfers|||||||||
|At 31 July|2021|3,435,650|2,755,356|133,746|163,627|6,488,379|1,492|6,489,871|
|Depreciation|||||||||
|At 1 August|2020|1,889,731|1,958,691|93,004|90,510|4,031,936|1,492|4,033,428|
|Charge for|year|52,416|147,084|18,575|23,101|241,176||241,176|
|Eliminated|on disposals||(32,958)||(2,531)|(35,489)||(35,489)|
|Transfers|||||||||
|At 31July|2021|1,942,147|2,072,817|111,579|111,080|4,237,623|1,492|4,239,115|
|Net book amounts|||||||||
|At 31 July 2020||1,530,552|746,730|26,926|45,023|2,349,231|-|2,349,231|
|At 31July|2021|1,493,503|682,539|22,167|52,547|2,250,756|-|2,250,756|
##
##
##
##
##
##
|Ye|ar Ended 31 July|2021||||||
|---|---|---|---|---|---|---|---|
|11|Debtors|||||||
||||||Group|Company||
|||||2021f|2020|2021
f|2020
f|
||Fees receivable|||121,140|178,608|121,140|178,608|
||Trade debtors|||38,953|92,231|38,224|91,583|
||Amounts
owed by subsidiary
Deed ofcovenant
payment||undertaking:|||33,530|29,073|
||Other amounts
owed|||||46,355|37,766|
||Prepayments
and accrued income|||63,345|33,543|63,345|28,034|
|||||223,438|304,382|302,594|365,064|
|12|Creditors: payable|within one year||||||
||||||Group|Company||
|||||2021f|2020f|2021
f|2020
f|
||Loans and bank overdraft|||35,530|81,839|35,530|81,839|
||Finance leases and|hire||||||
||purchase
agreements|||31,104|21,771|31,104|21,771|
||Trade creditors|||100,509|43,085|100,509|40,677|
||Fees received
in advance|||174,588|72,789|174,588|72,789|
||Refundable
deposits|||235,474|211,679|235,474|211,679|
||PAYE and social security|||62,448|60,654|62,448|60,654|
||Accruals and deferred
income|||432,931|317,890|431,164|316,190|
|||||1,072,584|809,707|1,070,817|805,599|
||Creditors: payable|after one year||||||
||||||Group|Company||
|||||2021f|2020|2021
f|2020
f|
||Bank loan|||836,446|873,000|836,446|873,000|
||Finance leases and|hire||||||
||purchase
agreements|||34,710|37,437|34,710|37,437|
|||||871,156|910,437|871,156|910,437|
##
##
##
##
##
##
|Analysis
in|mov|ements
in|funds|||||
|---|---|---|---|---|---|---|---|
||||Balance|||Transfers|Funds|
|||1|August 2020
F|Income
f|Expenditure
E|In/(out)
E|31July 2021
F|
|Unrestricted|funds|||||||
|General funds|||1,027,915|5,768,252|(5,576,331)||1,219,836|
|Restricted|Funds|||||||
|Clockhouse|Clock||5,000||(5,000)|||
|Drama Outreach||Programme|150||||150|
|Music Department||Fund||500|||500|
||||5,150|500|(5,000)||650|
|Total funds|||1,033,065|5,768,752|(5,581,331)||1,220,486|
##
##
##
##
|Analysis
in|m|ovements
in|funds —previou|s
year||||
|---|---|---|---|---|---|---|---|
||||Balance|||Transfers|Funds|
|||1|August 2019|Income|Expenditure|In/(out)|31July 2020|
|Unrestricted||funds||||||
|General funds|||958,331|5,092,734|(5,023,150)||1,027,915|
|Restricted|Funds|||||||
|Clockhouse|Clock|||5,000|||5,000|
|3D Printer||||3,500|(3,500)|||
|Rugby Serum Machine
Drama Outreach
Programme||||2,946
150|(2,946)||150|
|||||11,596|(6,446)||5,150|
|Total funds|||958,331|5,104,330|(5,029,596)||1,033,065|
|||Restricted|Unrestricted|Total|Restricted|Unrestricted|Total|
|---|---|---|---|---|---|---|---|
|||Funds|Funds|Funds|Fund|Funds|Funds|
|||2021
F|2021
f|2021|2020|2020|2020f|
|Fixed Assets|||2,250,756|2,250,756||2,349,231|2,349,231|
|Cash at bank||650|639,415|640,065|5,150|49,323|54,473|
|Other net current|liabilities||(763,649)|(763,649)||(460,202)|(460,202)|
|Creditors due after one year|||(906,686)|(906,686)||(910,437)|(910,437)|
|Total||650|1,219,836|1,220,486|5,150|1,027,915|1,033,065|
##
##
##
##
##
##
##
##
##
##
##
##
##
##