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|Trustees||SBurt|||
|---|---|---|---|---|
|||JE Bowry|||
|||SDeane|||
|||M Gibrill|||
|||CJohns|||
|||N M S G Bartholomew|(Appointed|19August 2020)|
|||BC Robinson|(Appointed|5October 2020)|
|||ST Lashley|(Appointed|14 February 2021)|
|Charity number||307024|||
|Company|number|00543113|||
|Registered|office and|Bolney Court|||
|Principal address||Crossways|||
|||Bolney|||
|||Haywards
Heath|||
|||West Sussex|||
|||RH17 5RD|||
|Auditor||TC Group|||
|||The Courtyard|||
|||Shoreham
Road|||
|||Upper Beeding|||
|||Steyning|||
|||West Sussex|||
|||BN44 3TN|||
|Accountant||Moore (South) LLP|||
|||9st Johns Place|||
|||Newport|||
|||Isle ofWight|||
|||PO30 1LH|||
|Bankers||NatWest Bank Pic|||
|||1 Muster Green|||
|||Haywards
Heath|||
|||West Sussex|||
|||RH16 4AP|||
##
||||Page|
|---|---|---|---|
|Trustees'|report||1-7|
|Independent
auditor's||report|8-10|
|Statement|offinancial|activities||
|Balance sheet|||12|
|Statement|ofcash flows||13|
|Notes to|the financial|statements|14-27|
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|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||funds|funds||funds|funds||
|||2020|2020||2019|2019|2019|
||Notes||f||R|K||
|Income and endowments|from:|||||||
|Donatjons
and legacies||5,819|33,984|39,803||23,164|23,164|
|Charitable
activities||3,237,363|13,238|3,250,601|3,275,209|11,812|3,287,021|
|Investments||29,688||29,688|31,759||31,759|
|Other income||371||371|300||300|
|Total income||3,273,241|47,222|3,320,463|3,307,268|34,976|3,342,244|
|Ex enditure on:||||||||
|Raising funds||2,746||2,746|9,343||9,343|
|Charitable
activities|8|3,481,488|49,592|3,531,080|3,188,868|23,353|3,2'i 2,221|
|Total resources||||||||
|expended||3,484,234|49,592|3,533,826|3,198,211|23,353|3,221,564|
|Net(outgoing)/incoming||||||||
|resources before||||||||
|transfers||(210,993)|(2,370)|(213,363)|109,057|11,623|120,680|
|Gross transfers
between||||||||
|funds|18|11,429|(11,429)||17,270|(17,270)||
|Net {expenditure)/income|for|||||||
|the year/||||||||
|Net movement
in funds||(199,564)|(13,799)|(213,363)|126,327|(5,647)|120,680|
|Fund balances at 1||||||||
|September 2019||4,909,769|39,281|4,949,050|4,783,442|44,928|4,828,370|
|Fund balances at 31||||||||
|August 2020||4,710,205|25,482|4,735,687|4,909,769|39,281|4,949,050|
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|||||2020||2019||
|---|---|---|---|---|---|---|---|
||||Notes|||||
|Fixed assets||||||||
|Tangible assets|||12||1,836,636||1,851,248|
|Investment|properties||13||657,282||657,282|
||||||2,493,918||2,508,530|
|Current assets||||||||
|Debtors||||1,070,623||905,868||
|Cash at bank and in||hand||2,518,506||3,021,667||
|||||3,589,129||3,927,535||
|Creditors:|amounts|falling due within||||||
|one year|||15|(1,149,769)||(1,282,067)||
|Net current|assets||||2,439,360||2,645,468|
|Total assets less current liabilities|||||4,933,278||5,153,9S8|
|Creditors:|amounts|falling due after||||||
|more than|one year||||(197,591)||(204,948)|
|Net assets|||||4,735,687||4,949,050|
|Income funds||||||||
|Restricted|funds||18||25,482||39,281|
|Unrestricted|funds||||4,710,205||4,909,769|
||||||4,735,687||4,949,050|
##
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||||2020||2019||
|---|---|---|---|---|---|---|
|||Notes|||||
|Cash flows from operating|activities||||||
|Cash absorbed
by operations||||(481,959)||(178,951)|
|Investing activities|||||||
|Purchase oftangible fixed assets|||(51,050)||(52,866)||
|Proceeds on disposal
oftangible fixed|||||||
|assets|||160||300||
|Interest received|||11,337||17,624||
|Rent received|||18,351||14,135||
|Net cash used In investing|activities|||(21,202)||(20,807)|
|Financing activities|||||||
|Net cash used in financing|activities||||||
|Net decrease in cash and|cash equivalents|||(503,161)||(199,?58)|
|Cash and cash equivalents|at beginning|ofyear||3,021,667||3,221,425|
|Cash and cash equivalents|at end of|year||2,518,506||3,021,667|
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||||Unrestricted|Restricted|Total|Restricted|
|---|---|---|---|---|---|---|
||||funds|funds||funds|
||||2020|2020|2020|2019|
|Donations|and gifts|||33,984|33,984|23,164|
|Grants|||5,819||5,819||
||||5,819|33,984|39,803|23,164|
|Charitable|activities||||||
||||||2020|2019|
||||||f.||
|School fees within charitable||activities|||3,237,363|3,275,209|
|Pupil Premium|||||13,238|11,812|
||||||3,250,601|3,287,021|
|Analysis
by fund|||||||
|Unrestricted|funds||||3,237,363||
|Restricted|funds||||13,238||
||||||3,250,601||
|Forthe year ended 31August 2019|||||||
|Unrestricted
Restricted|funds
funds|||||3,275,209
11,812|
|||||||3,287,021|
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|5|Investments|||||
|---|---|---|---|---|---|
|||||Unrestricted|Unrestricted|
|||||funds|funds|
|||||2020f|2019|
||Rental income|||18,351|14,135|
||Interest receivable|||11,337|17,624|
|||||29,688|31,759|
|6|Other income|||||
|||||Unrestricted|Unrestricted|
|||||funds|funds|
|||||2020|2019|
||Net gain on|disposal oftangible fixed assets||160|300|
||Miscellaneous||income|211||
|||||371|300|
|7|Raising funds|||||
|||||2020|2019|
||Investment|property costs||2,746|9,343|
|||||2,746|9,343|
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||||2020|2019|
|---|---|---|---|---|
||||K||
|Establishment|||528,556|480,010|
|School expenses|||2,577,707|2,355,166|
||||3,106,263|2,835,176|
|Share ofsupport costs {seenote 9)|||406,487|350,449|
|Share ofgovernance||costs (see note 9)|18,330|26,596|
||||3,531,080|3,212,221|
|Analysis
by|fund||||
|Unrestricted|funds||3,481,488||
|Restricted funds|||49,592||
||||3,531,080||
|Forthe year|ended|31August 2019|||
|Unrestricted|funds|||3,188,868|
|Restricted funds||||23,353|
|||||3,212,221|
##
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|Support cos|ts|||||
|---|---|---|---|---|---|
|||Support|Governance|2020|2019|
|||costs|costs|||
|Depreciation||65,662||65,662|58,572|
|Salaries||179,983||179,983|173,151|
|Staff training||343|2,130|2,473|4,247|
|Sundry||3,755||3,755|8,901|
|Telephone||||||
|||16,837||16,837|16,363|
|Office costs||8,357||8,357|9,793|
|Motor expenses||22,550||22,550|24,935|
|Computer expenses||34,902||34,902|35,120|
|Payroll||3,391||3,391|3,160|
|Professional|fees|69,776||69,776|23,304|
|Bank charges||931||931|899|
|Audit fees|||12,000|12,000|13,200|
|Accountancy|||4,200|4,200|5,400|
|||406,487|18,330|424,817|377,045|
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|The ave|rage
|monthly
number ofem|ployees
during
the year was:|||
|---|---|---|---|---|---|
|||||2020|2019|
|||||Number|Number|
|School||||72|67|
|Establishment||||9|7|
|Administration||||4|4|
|||||85|78|
|Employment||costs||2020|2019|
|||||K||
|Wages|and salaries|||2,101,750|1,946,270|
|Social security||costs||188,825|186,629|
|Other pension||costs||187,008|119,019|
|Benefits|in kind - healthcare|||37,195|39,043|
|Change|in present value for pension||obligation|4,945|(103,828)|
|||||2,519,723|2,187,133|
|The num
were;|ber
of employees
whose annual
remunerati|on
was f60,000 or more||
|---|---|---|---|
|||2020|2019|
|||Number|Number|
|860,000|- F69,999|2|1|
##
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|12|Tangible fixed assets|Tangible fixed assets|||||||
|---|---|---|---|---|---|---|---|---|
|||||Freehold
land|Plant and|Fixtures and Motor|vehicles|Total|
|||||and buildings|eguipm ant|fittings|||
||Cost||||||||
||At 1 September 2019|||3,931,723|276,218|330,357|49,179|4,587,477|
||Additions||||7,416|43,634||51,050|
||Disposals||||(5,352)|(2,000)||(7,352)|
||At 31 August|2020||3,931,723|278,282|371,991|49,179|4,631,175|
||Depreciation|and impairment|||||||
||At 1 September 2019|||2,137,089|261,836|292,048|45,256|2,736,229|
||Depreciation|charged|in the year|39,798|7,318|16,584|1,962|65,662|
||Eliminated
in|respect ofdisposals|||(5,352)|(2,000)|-|(7,352)|
||At 31 August|2020||2,176,887|263,802|306,632|47,218|2,794,539|
||Carrying
amount||||||||
||At 31 August|2020||1,754,836|14,480|65,359|1,961|1,836,636|
||At 31 August|2019||1,794,634|14,382|38,309|3,923|1,851,248|
|13|Investment|property|||||||
|2020|2019|
|---|---|
|657,282|657,282|
##
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|14|Debtors|||||
|---|---|---|---|---|---|
|||||2020|2019|
||Amounts|falling due within one year:|||K|
||School fees receiveable|||1,027,198|855,343|
||Prepayments
and accrued income|||43,425|50,525|
|||||1,070,623|905,868|
|15|Creditors:|amounts
falling due within one year||||
|||||2020|2019|
||Other taxation and social||security|18,429|63,828|
||Payments|received on account for future terms (see note 17)||1,027,196|1,093,554|
||Education/Care
supplies||payable|62,257|97,591|
||Other creditors (see note||23)|12,952|11,351|
||Accruals|||28,935|15,743|
|||||1,149,769|1,282,067|
|16|Creditors:|amounts
falling due after more than one year||||
|||||2020|2019|
||Future
liabilities
in respect offormer staff obligations (see note|||||
||23)|||197,591|204,948|
|the start ofthe next academic year from
1 Se|ptember,
and re|present
incom|
|---|---|---|
||2020|2019|
|Fees in advance at 1/09/2019|1,093,554|997,165|
|Recognised as income
in 2019-20year|(1,093,554)|(997,165)|
|Fees invoiced
prior to 31 August 2020,|||
|and carried forward to 2020-21|1 027 196|1 093554|
|Fees in advance at 31 August 2020|1 027 196|1 093554|
##
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|||||INovement
in funds|INovement
in funds|||
|---|---|---|---|---|---|---|---|
||||Balance at|Incoming|Resources|Transfers|Balance at|
||||1 September|resources|expended||31 August|
||||2019||||2020|
|Pupil Premium|||19,503|13,238|(12,905)||19,836|
|Vocational|building|&equipment|6,574|5,499|(7,106)||4,967|
|IT|||5,319|15,268|(16,692)|(3,895)||
|Education|and childcare||1,684|8,111|(4,082)|(5,142)|571|
|Equipment|donations||2,156|2,606|(4,762)|||
|Fair Fax|||4,045|2,500|(4,045)|(2,392)|108|
||||39,281|47,222|(49,592)|(11,429)|25,482|
##
|||||Movement|Movement|in funds|||
|---|---|---|---|---|---|---|---|---|
||||Balance at|Incoming|Resources||Transfers|Balance at|
||||1 September|resources|expended|||31August|
||||2018|||||2019|
||||f.||||||
|Pupil Premium|||17,147|11,812||(9,456)||19,503|
|Vocational|building|&equipment|11,404|13,042||(602)|(17,270)|6,574|
|IT|||7,150|||(1,831)||5,319|
|Education|and childcare||835|6,122||(5,273)||1,684|
|Equipment|donations||3,724|||(1,568)||2,156|
|Fair Fax|||4,668|4,000||(4,623)||4,045|
||||44,928|34,976|(23,353)||(17,270)|39,281|
##
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|19|Analysis ofnet assets between|funds|||||
|---|---|---|---|---|---|---|
|||||Unrestrictedf|Restricted|Totalf|
||Fund balances at 31 August 2020|were represented|by:||||
||Tangible assets|||1,826,317|10,319|1,836,636|
||Investment
properties|||657,282||657,282|
||Current assets/(liabilities)|||2,428,703|15,163|2,439,360|
||Long term liabilities|||{197,591)||(197,591)|
|||||4,714,711|25,482|4,735,687|
||Analysis ofnet assets between|funds comparative|||||
|||||Unrestricted|Restrictedf|Total|
||Fund balances at 31 August 2019were represented||by:||||
||Tangible assets|||1,851,248||1,851,248|
||Investment
properties|||657,282||657,282|
||Current assets/(liabilities)|||2,606,187|39,281|2,645,468|
||Long term liabilities|||{204,948)||(204,948)|
|||||4,909,769|39,281|4,949,050|
##
||2020|2019|
|---|---|---|
|Within one year|5,984|6,581|
|Between two and five years|11,956|19,594|
||17,940|26,175|
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