##
|Trustees|||Mrs DJAlun-Jones|Mrs DJAlun-Jones|Mrs DJAlun-Jones||MA|
|---|---|---|---|---|---|---|---|
||||N P Backhouse||MA||FCA|
||||W Belcher|||||
||||JAB Bruce FCA|||||
||||Miss L K Hamblett|||MA||
||||RAJ Hill|||||
||||Mrs K Hogan|BA||||
||||C M Keville (Chairman)|||||
||||JA Passam|||||
||||J H LPatrick|MVO||BSc||
||||Mrs S L Morison|||||
|Secretary|||G P Falconer|||||
|Charity|number||307034|||||
|Company||number|902869|||||
|Principal|address||Westboume|House|||School|
||||Coach Road|||||
||||Shopwyke|||||
||||Chichester|||||
||||West Sussex|||||
||||PO20 2BH|||||
|Registered||office|Westboume|House|||School|
||||Coach Road|||||
||||Shopwyke|||||
||||Chichester|||||
||||West Sussex|||||
||||PO20 2BH|||||
|Auditor|||Jones Avens|Limited||||
||||Piper House|||||
||||4 Dukes Court|||||
||||Bognor Road|||||
||||Chichester|||||
||||West Sussex|||||
||||PO19 8FX|||||
|Bankers|||National
Westminster||||Bank Pic|
||||5 East Street|||||
||||Chichester|||||
||||West Sussex|||||
||||PO19 1HH|||||
|Investment||advisors|Rathbone
Brothers|||Pic||
||||8 Finsbury
Circus|||||
||||London|||||
||||EC2M 7AZ|||||
##
|||Page|
|---|---|---|
|Trustees'
report||1-5|
|Statement
ofTrustees'|responsibihties||
|Independent
auditor's|report|7-10|
|Statement
offinancial|activities||
|Balance sheet||12|
|Statement
ofcash flows||13|
|Notes to the financial|statements|14-30|
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##
|||||Unrestricted|Restricted|Total Unrestricted|Total Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds||funds|funds||
|||||2021|2021||2020|2020|2020|
|||Notes||6|6||6|||
|Incom
and end|wments||fr|m||||||
|Donations
and legacies||||548|1,218|1,766|250,000|18,492|268,492|
|Charitable
activities||||4,967,307||4,967,307|4,716,271||4,716,271|
|Investments||||15,964||15,964|18,041||18,041|
|Other income||||155,407||155,407|388,640||388,640|
|Total income||||5,139,226|1,218|5,140,444|5,372,952|18,492|5,391,444|
|Ex~nlittur
un:||||||||||
|Raising funds|||7|7,962||7,962|4,402||4,402|
|Charitable
activities|||8|5,137,588|1,434|5,139,022|5,226,913|18,723|5,245,636|
|Total resources|expended|||5,145,550|1,434|5,146,984|5,231,315|18,723|5,250,038|
|Net gains/(losses)||on||||||||
|investments|||13|193,610||193,610|10,119||10,119|
|Net incoming/(outgoing)||||||||||
|resources
before||transfers||187,286|(216)|187,070|151,756|(231)|151,525|
|Gross transfers||||||||||
|between
funds|||15|1,000|(1,000)|||||
|Net movement|in|funds||188,286|(1,216)|187,070|151,756|(231)|151,525|
|Fund balances at 1||||||||||
|September 2020||||12,402,499|99,579|12,502,078|12,250,743|99,810|12,350,553|
|Fund balances|at|31August||||||||
|2021||||12,590,785|98,363|12,689,148|12,402,499|99,579|12,502,078|
##
##
|||||2021|2020|
|---|---|---|---|---|---|
||||Notes|F||
|Fixed assets||||||
|Tangible assets|||16|10,506,626|10,447,426|
|Investments|||17|1,284,302|333,135|
|||||11,790,928|10,780,561|
|Current assets||||||
|Debtors|||19|274,805|372,114|
|Cash at bank and|in|hand||1,711,202|2,213,230|
|||||1,986,007|2,585,344|
|Creditors: amounts||falling due within|20|||
|one year||||(1,087,787)|(863,827)|
|Net current assets||||898,220|1,721,517|
|Total assets less|current liabilities|||12,689,148|12,502,078|
|Income funds||||||
|Restricted funds
~Il «dMf
d|||22|98,363|99,579|
|General
unrestricted||funds||12,389,307|12,342,970|
|Revaluation
reserve||||201,478|59,529|
|Total unrestricted|funds|||12,590,785|12,402,499|
|||||12,689,148|12,502,078|
##
##
|||||2021||2020||
|---|---|---|---|---|---|---|---|
||||Notes|||||
|Cash flows from operating||activities||||||
|Cash generated
from operations|||27||435,733||162,608|
|Investing|activities|||||||
|Purchase|oftangible
fixed assets|||(196,168)||(399,329)||
|Purchase|ofother investments|||(1,004,371)||(74,252)||
|Proceeds|on disposal ofother investments|||246,814||72,222||
|Dividends|and interest received|||15,964||18,041||
|Net cash|used in investing|activities|||(937,761)||(383,318)|
|Net cash|used in financing|activities||||||
|Net decrease
in cash and||cash equivalents|||(502,028)||(220,710)|
|Cash and|cash equivalents|at beginning|ofyear||2,213,230||2,433,940|
|Cash and|cash equivalents|at end of|year||1,711,202||2,213,230|
|Relating|to:|||||||
|Cash and|Bank balances||||1,711,202||2,213,230|
##
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##
|||Unrestricted|Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
||||2021|2021|2021|2020|2020|2020|
||||f.|f.||F|8|F|
|Donations|and gifts||548|1,218|1,766|250,000|18,492|268,492|
|Charitable||activities|||||||
||||||||2021|2020|
||||||||f|f|
|Gross Fees||receivable|||||5,794,716|5,516,554|
|Less. Bursaries, Scholarships|||and Discounts||||(861,583)|(835,533)|
|Net Fees|receivable||||||4,933,133|4,681,021|
|Recreational||facilities|||||15,969|35,250|
|Summer camps and courses|||||||18,205||
||||||||4,967,307|4,716,271|
##
##
##
|5|Investments|||
|---|---|---|---|
|||Unrestricted|Unrestricted|
|||funds|funds|
|||2021|2020|
|||6|6|
||Income from listed investments|15,519|6,432|
||Interest receivable|445|11,609|
|||15,964|18,041|
|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||2021|2020|
||||6|
|Other income||65,138|46,212|
|Coronavirus|Job Retention Scheme grants|90,269|342,428|
|||155,407|388,640|
##
|||||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|---|---|
|||||||funds|funds|
|||||||2021|2020|
|Inv|s|en|m|na|emen|7,962|4,402|
|||||||7,962|4,402|
##
##
||||||Providing|Providing|
|---|---|---|---|---|---|---|
||||||education|education|
||||||2021|2020|
||||||6|5|
|Staff costs|||||2,919,824|2,969,032|
|Depreciation|||and impairment||45,315|39,816|
|Education||equipment||and materials|117,131|98,027|
|Sport and|games equipment||||3,824|6,811|
|Educational||visits and||activities|11,674|28,724|
|Provisions|||||122,966|100,643|
||||||3,220,734|3,243,053|
|Grant funding|||ofactivities (see note 9)||1,434|18,123|
|Share of|support costs (see note 10)||||1,897,794|1,966,748|
|Share of|governance|||costs (see note 10)|19,060|17,712|
||||||5,139,022|5,245,636|
|Analysis|by||fund||||
|Unrestricted|||funds||5,137,588|5,226,913|
|Restricted||funds|||1,434|18,723|
||||||5,139,022|5,245,636|
|Grants payable|||||||
||||||Providing|Providing|
||||||education|education|
||||||2021|2020|
||||||6||
|Grants to|individuals|||(1 grants)|1,434|18,123|
||||||1,434|18,123|
##
|10|Support costs||||||||
|---|---|---|---|---|---|---|---|---|
||||Support|Governance|2021|Support|Governance|2020|
||||costs|costs||costs|costs||
||||E|E|||E||
||Staff costs - Support||854,699||854,699|776,938||776,938|
||Staff costs - Welfare||320,019||320,019|311,918||311,918|
||Depreciation||91,653||91,653|99,715||99,715|
||Rates||89,583||89,583|92,074||92,074|
||Insurance||40,970||40,970|38,036||38,036|
||Light and heat||90,207||90,207|104,357||104,357|
||Repairs and||||||||
||maintenance||101,306||101,306|159,105||159,105|
||Printing,
postage,||||||||
||stationery,
advertising||||||||
||and website||64,692||64,692|74,849||74,849|
||Telephone
and fax||8,644||8,644|8,955||8,955|
||Motor expenses||34,915||34,915|33,189||33,189|
||Legal and professional||||||||
||fees||63,066||63,066|76,948||76,948|
||School inspection||3,370||3,370|5,055||5,055|
||Household
expenses||35,888||35,888|39,032||39,032|
||Cleaning
contracts||21,715||21,715|75,443||75,443|
||Upkeep ofgrounds|and|||||||
||pool||51,241||51,241|38,141||38,141|
||Bad debts||2,367||2,367|5,667||5,667|
||Sundry expenses||19,558||19,558|24,731||24,731|
||Bank charges||3,901||3,901|2,595||2,595|
||Audit fees|||6,295|6,295||5,850|5,850|
||Accountancy|||12,765|12,765||11,862|11,862|
||||1,897,794|19,060|1,916,854|1,966,748|17,712|1,984,460|
||Analysed
between||||||||
||Charitable
activities||1,897,794|19,060|1,916,854|1,966,748|17,712|1,984,460|
##
##
##
|The average
|monthl|y
number|of full|time equ|ivalent
emplo|yees
during the year|was:||
|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|
||||||||Number|Number|
|Teaching staff|||||||57|57|
|Admin
and support||staff|||||27|29|
|Welfare staff|||||||14|11|
||||||||98|97|
|Employment|costs||||||2021|2020|
|Wages and salaries|||||||3,244,688|3,196,335|
|Social security|costs||||||287,416|294,661|
|Other pension|costs||||||509,119|506,701|
|Other staff costs|||||||53,319|60,191|
||||||||4,094,542|4,057,888|
|The number|of employees||whose|annual|remuneration|was f60,000 or|||
|more were:|||||||||
||||||||2021|2020|
||||||||Number|Number|
|f60,000 - f70,000|||||||1|2|
|f70,000-f80,000|||||||1||
|f90,000-f100,000|||||||||
|f100,000-f110,000|||||||||
##
##
##
##
||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2021|2020|
|||||6|
|Revaluation|of|investments|173,857|7,491|
|Gain/(loss)|on|sale of investments|19,753|2,628|
||||193,610|10,119|
##
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##
|Fixed asset investments||||
|---|---|---|---|
||Listed|Cash in|Total|
||investments|portfolio||
||5|||
|Cost or valuation||||
|At 1 September 2020|303,442|29,693|333,135|
|Additions|1,004,371||1,004,371|
|Valuation
changes|173,857||173,857|
|Transfer|(2,759)|2,759||
|Disposals|(227,061)||(227,061)|
|At 31 August 2021|1,251,850|32,452|1,284,302|
|Carrying
amount||||
|At 31 August 2021|1,251,850|32,452|1,284,302|
|At 31 August 2020|303,442|29,693|333,135|
##
|18|Financial|instruments|||2021|2020|
|---|---|---|---|---|---|---|
||||||F|6|
||Carrying|amount of|financial assets||||
||instruments
measured||at fair value through|profit or loss|1,251,850|333,135|
|19|Debtors||||||
||||||2021|2020|
||Amounts|falling due|within one year:||||
||Trade debtors||||97,385|160,145|
||Other debtors||||38,520|85,764|
||Prepayments
and accrued income||||138,900|126,205|
||||||274,805|372,114|
##
##
|20|Creditors: amounts|Creditors: amounts|falling due within one year|||
|---|---|---|---|---|---|
|||||2021|2020|
||Other taxation|and social security||85,496|74,633|
||Trade creditors|||42,905|112,072|
||Other creditors|||939,609|626,102|
||Accruals and deferred||income|19,777|51,020|
|||||1,087,787|863,827|
##
##
##
##
##
##
|23|Analysis of|net assets|between funds||||||
|---|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||||funds|funds||funds|funds||
||||2021|2021|2021|2020|2020|2020|
||||6|6|F|f|||
||Fund balances at 31||||||||
||August 2021|are|||||||
||represented|by:|||||||
||Tangible assets||10,506,626||10,506,626|10,447,426||10,447,426|
||Investments||1,284,302||1,284,302|333,135||333,135|
||Current assets/||||||||
||(liabilities)||799,857|98,363|898,220|1,621,938|99,579|1,721,517|
||||12,590,785|98,363|12,689,148|12,402,499|99,579|12,502,078|
##
|
under non-cancellable
operating
leases, which fall due a|
s follows:|py|
|---|---|---|
||2021|2020|
|Within one year|26,024|19,118|
|Between two and five years|19,998|19,478|
||46,022|38,596|
||The operating
lease payments|recognised as an|recognised as an|recognised as an|expense|expense|in the year were 625,904 (2020 -825,238).|in the year were 625,904 (2020 -825,238).|
|---|---|---|---|---|---|---|---|---|
|25|Capital commitments||||||2021|2020|
||At 31 August 2021 the Trust had capital commitments|||||as|follows||
||Contracted
for but not provided|in the|financial|statements:|||||
||Acquisition
of property,
plant and equipment|||||||61,809|
|26|Related party transactions||||||||
||Remuneration
ofkey management||personnel||||||
||The remuneration
of key management||personnel||is as follows.||||
||||||||2021|2020|
|||||||||6|
||Aggregate
compensation||||||421,109|395,371|
##
|26|Related party transactions|||||||(Continued)|(Continued)|
|---|---|---|---|---|---|---|---|---|---|
||Transactions
with related parties|||||||||
||Mr J Passam
and
Mr J Bruce have|children||that|attend|the school|with|fee arrangements|being
in|
||accordance
with the school's
normal terms.|||||||||
|27|Cash generated
from operations|||||||2021|2020|
|||||||||6|6|
||Surplus for the year|||||||187,070|151,525|
||Adjustments
for.|||||||||
||Investment
income recognised
in statement||offinancial||activities|||(15,964)|(18,041)|
||Loss on disposal oftangible
fixed assets|||||||||
||Gain on disposal ofinvestments|||||||(19,753)|(2,628)|
||Fair value gains and losses on investments|||||||(173,857)|(7,491)|
||Depreciation
and impairment
oftangible|fixed assets||||||136,934|139,531|
||Movements
in working
capital:|||||||||
||Decrease/(increase)
in debtors|||||||97,309|(10,195)|
||Increase/(decrease)
in creditors|||||||223,960|(90,093)|
||Cash generated
from operations|||||||435,733|162,608|
|28|Analysis ofchanges
in net funds|||||||||
||The Trust had no debt during the year.|||||||||