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||Page|
|---|---|
|Reference and administrative
details ofthe School, its Trustees and advisers||
|Trustees' report|2-8|
|Trustees'
responsibilities
statement||
|Independent
auditors'
report on the financial statements|10-13|
|Consolidated
statement
offinancial activities|14|
|Consolidated
balance sheet|15|
|School balance sheet|16|
|Consolidated
statement
ofcash flows|17|
|Notes to the financial statements|18-37|
##
|REFERENCE AND|REFERENCE AND|REFERENCE AND|ADMINISTRATIVE|DETAILS OF THE SCHOOL, ITSTRUSTEES AND ADVISERS|DETAILS OF THE SCHOOL, ITSTRUSTEES AND ADVISERS|DETAILS OF THE SCHOOL, ITSTRUSTEES AND ADVISERS|
|---|---|---|---|---|---|---|
||||FOR THE|YEAR ENDED 31AUGUST 2021|||
||||EV Everett (resigned||31 July 2021)1||
||||A M Piper (resigned||10March 2022)||
||||A Rainbow1||||
||||M J L Commander||||
||||D E Clayton-Hatfield||||
||||SBartleetr||||
||||J A Fraser (resigned||6 July 2121)1||
||||J Giles, Chair||||
||||J M Mills||||
||||D M Thomasl||||
||||M Puckett (resigned||3 February 2021)1||
||||'||||
||||Member ofthe|Finance and General Purposes||Committee|
|Company|registered||||||
|number|||00893985||||
|Charity registered|||||||
|number|||307014||||
|Registered||office|Vinehall Road||||
||||Roberts bridge||||
||||East Sussex||||
||||TN32 5JL||||
|Headmaster|||J Powis BSc||||
|Company|secretary||W R Walker||||
|Independent||auditors|Knill James LLP||||
||||Chartered
Accountants||||
||||Statutory Auditor||||
||||One Bell Lane||||
||||Lewes||||
||||East Sussex||||
||||BN7 1JU||||
|Bankers|||National
Westminster||Bank Pic||
||||24 Havelock Road||||
||||Hastings||||
||||East Sussex||||
||||TN34 1BW||||
|Solicitors|||Veale Wasborough|Vizards LLP|||
||||PO Box3501||||
||||Bristol||||
||||BS22FL||||
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|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
||||Note|2021f|2021
E|2021|2020|
|Income from:||||||||
|Donations
and legacies||||51,642|1,554|53,196|129,632|
|Charitable
activities||||2,580,314||2„5&0,314|2,812,880|
|Other trading
activities||||95,797||95,797|96,990|
|Investments||||39||39|9,265|
|Other income||||784,134||784,134||
|Total income||||3,511,926|1,554|3,513,480|3,048,767|
|Expenditure
on:||||||||
|Raising funds||||25,683||25,683|24,887|
|Charitable
activities|||9|3,339,003|25,467|3,364,470|3,844,707|
|Total expenditure||||3,364,686|25,467|3,390,153|3,869,594|
|Net movement
in funds before other||||||||
|recognised
gains/(losses)||||147,240|(23,913)|123,327|(820,827)|
|Other recognised|gains/(losses):|||||||
|(Losses)/gains
on revaluation||offixed||||||
|assets||||(1,512,246)||(1,512,246)|3,715,448|
|Net movement
in funds||||(1,365,006)|(23,913)|(1,388,919)|2,894,621|
|Reconciliation
offunds:||||||||
|Total funds brought|forward|||6,981,159|135,979|7,117,138|4,222,517|
|Net movement
in funds||||(1,365,006)|(23,913)|(1,388,919)|2,894,621|
|Total funds carried|forward|||5,616,153|112,066|5,728,219|7,117,138|
##
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|||||2021||2020|
|---|---|---|---|---|---|---|
|||Note||||E|
|Fixed assets|||||||
|Tangible assets||14||5,419,971||7,193,482|
|Current assets|||||||
|Stocks||16|513||514||
|Debtors||17|134,378||171,366||
|Cash at bank and|in hand||815,202||509,433||
||||950,093||681,313||
|Creditors: amounts|falling due within one||||||
|year||18|(495,517)||(602,727)||
|Net current assets||||454,576||78,586|
|Total assets less|current liabilities|||5,874,547||7,272,068|
|Creditors: amounts|falling due after more||||||
|than one year||19||(146,329)||054,930)|
|Total net assets||||5,728,218||7,117,138|
|Charity funds|||||||
|Restricted funds||20||112,066||135,979|
|Unrestricted
funds||20||5,616,152||6,981,159|
|Total funds||||5,728,218||7,117,138|
##
|||SCHOOL BALANCE SHEET|SCHOOL BALANCE SHEET|||
|---|---|---|---|---|---|
|||AS AT 31|AUGUST 2021|||
||||2021||2020|
|||Note|||E|
|Fixed assets||||||
|Tangible assets||14|5,419,971||7,193,482|
|Investments||15|100||100|
||||5,420,071||7,193,582|
|Current assets||||||
|Stocks||16|513|514||
|Debtors||17|134,377|171,366||
|Cash at bank and in hand|||815,202|509,333||
||||950,092|681,213||
|Creditors: amounts|falling due within one|||||
|year||18|(495,516)|(602,727)||
|Net current assets|||454,576||78,486|
|Total assets less current liabilities|||5,874,647||7,272,068|
|Creditors: amounts|falling due after more|||||
|than one year||19|(146,329)||(154,930)|
|Total net assets|||5,728,318||7,117,138|
|Charity funds||||||
|Restricted funds||20|112,066||135,979|
|Unrestricted
funds||20|5,616,252||6,981,159|
|Total funds|||5,728,318||7,117,138|
##
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||||2021|2020|
|---|---|---|---|---|
||||E|E|
|Cash flows from operating
activities|||||
|Net cash|used
in operating
activities||(6&5,634)|(884,927)|
|Cash flows from investing
activities|||||
|Dividends,|interests
and rents from investments||39|9,625|
|Proceeds|from the sale oftangible
fixed assets||991,644||
|Purchase|oftangible
fixed assets||(280)||
|Net cash|provided
by investing
activities||991,403|9,625|
|Change
in cash and cash equivalents
in||the year|305,769|(875,302)|
|Cash and|cash equivalents
at the beginning|ofthe year|509,433|1,384,735|
|Cash and|cash equivalents
at the end of|the year|815,202|509,433|
|The notes|on pages 18to 37form part ofthese financial statements||||
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|Freehold
property|- Straight|line over 50years|
|---|---|---|
|Motor vehicles
Fixtures and fittings|- Straight
- Straight|line over 5years
line over 15years|
|Office equipment|- Straight|line over 5years|
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|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
|||||2021|2021|2021|2020|
|||||F||E|E|
||Donations||||1,554|1,554|26,510|
||CJRS Furlough|grants||51,642||51,642|103,122|
|||||51,642|1,554|53,196|129,632|
||Total 2020|||103,122|26,510|129,632||
|5.|Income from charitable||activities|||||
||||||Unrestricted|Total|Total|
||||||funds|funds|funds|
||||||2021f|2021|2020|
||School fees receivable||||2,440,128|2,440,128|2,725,937|
||Extra School services||||140,186|140,186|86,943|
||Total 2021||||2,580,314|2,580,314|2,812,880|
||Total 2020||||2,812,880|2,812,880||
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|||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2021|2021|2020|
||||||f.||
||Letting income|||50,504|50„504|46,545|
||Sundry sales|||5,919|5,919|9,544|
||Music Society|||39,374|39,374|40,901|
|||||95,797|95,797|96,990|
||Total 2020|||96,990|96,990||
|7.|Investment|income|||||
|||||Unrestricted|Total|Total|
|||||funds|funds|funds|
|||||2021f|2021|2020
E|
||Bank interest|receivable|||39|9,265|
|8.|Other incoming||resources||||
|||||Unrestricted|Total|Total|
|||||funds|funds|funds|
|||||2021|2021|2020|
||Profit on disposal||offixed assets|784,134|784,134||
##
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|||Activities||||
|---|---|---|---|---|---|
|||undertaken|Support|Total|Total|
|||directly|costs|funds|funds|
|||2021|2021|2021|2020|
|||f.|||E|
|Education||2,401,358|963,113|3,364,471|3,844,707|
|Total 2020||3,142,147|702,560|3,844,707||
|Analysis of|direct costs|||||
|||||Total|Total|
|||||funds|funds|
|||||2021|2020|
|||||F|E|
|Staff costs||||1,407,241|2,032,791|
|Depreciation||||61,513|174,375|
|Other costs||||894,419|869,105|
|Awards
and|bursaries|||25,467|55,663|
|Governance|costs|||12,718|10,213|
|||||2„401,358|3,142,147|
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|||Total|Total|
|---|---|---|---|
|||funds|funds|
|||2021|2020|
|||f.||
|Staff costs||639,767|271,503|
|Depreciation||4,900|4,900|
|Other costs||305,201|415,571|
|Governance|costs|13,245|10,586|
|||963,113|702,560|
##
||||2021f|2020|
|---|---|---|---|---|
|Fees payable|to the School's auditor|for the audit ofthe School's annual|||
|accounts|||10,400|9,900|
|Fees payable|to the School's auditor|in respect of:|||
|additional
costs in respect ofthe prior year audit|||1,000|3,750|
|All assurance|services not included|above|700|925|
|All non-audit|services not included
above|||1,500|
##
||Group|Group|School|School|
|---|---|---|---|---|
||2021|2020|2021|2020|
|Wages and salaries|1,557,772|1,843,471|1,557,7T2|1,843,471|
|Social security costs|144,903|161,227|144,903|161,227|
|Pension costs|357,052|309,809|357,052|309,809|
||2,059,727|2,314,507|2,059,727|2,314,507|
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|||||Group|Group|
|---|---|---|---|---|---|
|||||2021|2020|
|||||No.|No.|
|Teaching|-|full|time|21|23|
|Teaching|-|part|time|14|17|
|Welfare||||7|6|
|Premises||||8|10|
|Support||||10|13|
|||||60|69|
|Group|Group|
|---|---|
|2021|2020|
|No.|No.|
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||Freehold|Motor|Fixtures and|Office||
|---|---|---|---|---|---|
||property|vehicles|fittings
f|equipment|Totalf|
|Cost or valuation||||||
|At 1 September 2020|8,670,441|6,620|1,814,710|348,162|10,839,933|
|Additions|||280||280|
|Disposals|(250,000)||(14,224)||(264,224)|
|Revaluations|(1,512,246)||||(1,512,246)|
|At 31August 2021|6,908,195|6,620|1,800,766|348,162|9,063,743|
|Depreciation||||||
|At 1 September 2020|2,275,441|6,620|1,016,228|348,162|3,646,451|
|Charge for the year|||66,413||66,413|
|On disposals|(67,246)||(1,846)||(69,092)|
|At 31August 2021|2,208,195|6,620|1,080,795|348,162|3,643,772|
|Net book value||||||
|At 31 August 2021|4,700,000||719,971||5,419,971|
|At 31August 2020|6,395,000||798,482||7,193,482|
##
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||Investments|
|---|---|
||in|
||subsid&ary|
|School|companies|
|Cost or valuation||
|At 1 September 2020|100|
|At 31 August 2021|100|
|Net book value||
|At 31 August 2021||
|At 31August 2020|100|
##
||||||Group|Group|School|School|
|---|---|---|---|---|---|---|---|---|
||||||2021f|2020|2021f|2020|
||Consumabies,|books|and|provisions|513|514|513|514|
|17.|Debtors||||||||
|||Group|Group|School|School|
|---|---|---|---|---|---|
|||2021|2020|2021|2020|
|||E|E|f.|E|
|Due within one year||||||
|Fees||86,191|'/00,299|86,191|100,299|
|Other debtors||40,745|40,197|40,744|40, '/97|
|Prepayments|and accrued income|7,442|30,870|7,442|30,870|
|||134,378|171,366|134,377|171,366|
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||||Group|Group|School|School|
|---|---|---|---|---|---|---|
||||2021|2020|2021|2020|
||||E|E|||
|Fees received|in advance||315,698|325,550|315,698|325,550|
|Trade creditors|||101,477|124,181|101,477|124,181|
|Other taxation|and social security||24,656|50,223|24,656|50,223|
|Other creditors|||37,466|45,486|37,466|45,486|
|Accruals and deferred||income|16,220|57,287|16,219|57,287|
||||495,517|602,727|495,516|602,727|
|Creditors: Amounts||falling due after more than one year|||||
||||Group|Group|School|School|
||||2021|2020|2021|2020|
|Pupil deposits|||146,329|154,930|146,329|154,930|
##
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||||Balance at 1
September
2020|Income|Expenditure|Transfers
in/out|Gains/
(Losses)|Balance at
31August
2021|
|---|---|---|---|---|---|---|---|---|
||||||E|F||F|
|Unrestricted|||||||||
|funds|||||||||
|General|Funds||6,981,159|3,511,926|(3,364,687)||(1,512,246)|5,616,152|
|Restricted|||||||||
|funds|||||||||
|Foundation||Fund|56,530||(24,717)|(4,074)||27,739|
|Pavilion|Fund||57,515|||5„200||62,715|
|Year 8 leaving|||||||||
|fund
ESCC grant|||2,075
179|||(947)
(179)||1,128|
|Hardship|Fund||19,680|1,554|(750)|||20,484|
||||135,979|1,554|(25,467)|||112,066|
|Total of|funds||7,117,138|3,513,480|(3,390,154)||(1,512,246)|5,728,218|
##
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|||Balance at||||Balance at|
|---|---|---|---|---|---|---|
|||1September
2019|income|Expenditure|Gains/
(Losses)|31August
2020|
|||E|||||
|Unrestricted|funds||||||
|General Funds||4,057,385|3,022,257|(3,813,931)|3,715,448|6,981,159|
|Restricted funds|||||||
|Foundation
Fund||105,363|5,830|(54,663)||56,530|
|Pavilion
Fund||57,515||||57,515|
|Year 8 leaving|fund|2,075||||2,075|
|ESCC grant||179||||179|
|Hardship
Fund|||20,680|(1,000)||19,680|
|||165,132|26,510|(55,663)||135,979|
|Total offunds||4,222,517|3,048,767|(3,869,594)|3,715,448|7,117,138|
##
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|Analysis of n|et assets between
funds - current year||||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2021|2021|2021|
||||E||
|Tangible fixed|assets|5,419,971||5,419,971|
|Current assets||838,027|112,066|950,093|
|Creditors due|within one year|(495,517)||(495,517)|
|Creditors due|in more than one year|(146,329)||(146,329)|
|Total||5,616,152|112,066|5,728,218|
|Analysis ofnet assets between funds -prior year|||||
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2020|2020|2020|
|||E|E||
|Tangible fixed|assets|7,193,482||7,193,482|
|Current assets||545,334|135,979|681,313|
|Creditors due within one year||(602,727)||(602,727)|
|Creditors due in more than one year||(154,930)||(154,930)|
|Total||6,981,159|135,979|7,117,138|
##
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||||||||||||||Group||Group|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||2021||2020|
||Net
income/expenditure||||for|the|year|(as|per|Statement|of|Financial||||
||Activities)||||||||||||123,327||(820,827)|
||Adjustments|for:||||||||||||||
||Depreciation|charges|||||||||||66,413||179,275|
||Profit on disposal of|||fixed assets|||||||||(796,512)|||
||Dividends,
interests||and||rents|from|investments||||||(39)||(9,625)|
||Decrease
in|stocks|||||||||||||4,761|
||Decrease/(increase)|||in debtors|||||||||36,988||(76,441)|
||Decrease
in|creditors|||||||||||(107,210)||(197,660)|
||Decrease/(increase)|||in long term creditors|||||||||(8,601)||35,590|
||Net cash used in operating|||||activities|||||||(685,634)||(884,927)|
|23.|Analysis of|cash and cash equivalents||||||||||||||
||||||||||||||Group||Group|
||||||||||||||2021||2020|
||||||||||||||||E|
||Cash
in hand||||||||||||815,202||509,433|
||Total cash and cash|||equivalents|||||||||815,202||509,433|
|24.|Analysis of|changes||in|net debt|||||||||||
|||||||||||||At 1||||
||||||||||||September||||At 31|
|||||||||||||2020|Cash flows|August 2021||
||||||||||||||f.||F|
||Cash at bank|and
in hand||||||||||509,433|305,769||815,202|
|||||||||||||509,433|305,769||815,202|
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||||Group|Group|School|School|
|---|---|---|---|---|---|---|
||||2021|2020|2021|2020|
||||K|E|||
|Not later than||1 year|26,097|3,342|26,097|3,342|
|Later than|1 year and not later than 5years||31,653|40,363|31,653|40,363|
|Later than|5 years||866|2,466|866|2,466|
||||58,616|46,171|58,616|46,171|
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