2020-08-31-accounts

	PAGE
Legal and Administrative Information	L
Governors' Report (incorporating the Strategic Report)	2
Report of the Independent Auditors	8
StatementofFinancial Activities	11
Balance Sheet	12
Cash Flow Statement	13
Notes to the Financial Statements	14

					Unrestricted
	Notes	Unrestricted	Restricted	FundsTotal	Total Funds
		Funds	Funds	2020	2019
		£		£	£
INCOME FROM:
Donations	6	-	500	500	-
Othertrading activities	7	29,129	-	29,129	36,480
Investments	8	3,527	-	3,527	-
Charitable activities	9	3,373,617	-	3,373,617	3,399,731
Other income	10	92,864	-	92,864	-
Total income		3,499,137	500	3,499,637	3,436,211
EXPENDITURE ON:	11
Raising Funds		47,856	-	47,856	51,977
Charitable activities		3,266,983	333	3,267,316	3,171,579
Total expenditure		3,314,839	333	3,315,172	3,223,556
Net income/expenditure and net		184,298	167	184,465	212,655
movementin funds
Fund balances brought forward		3,717,723	-	3,717,723	3,505,068
Fund balancescarried forward	24	3,902,021	167	3,902,188	3,717,723

	Notes	2020		2019
		£	£	£	£
FIXED ASSETS
Tangible assets	13		4,363,995		4,335,630
CURRENTASSETS
Stock	14	24,914		25,978
Debtors	15	190,840		301,756
Cash at bank and in hand		703,870		496,399
		919,624		824,133
CURRENTLIABILITIES
Creditors due within one year	16	(638,443)		(657,292)
NET CURRENT ASSETS/(LIABILITIES)			281,181		166,841
CREDITORS DUE AFTER MORE THAN ONE YEAR	17		(742,988)		(784,748)
NET ASSETS			3,902,188		3,717,723
REPRESENTEDBY:
RESTRICTED FUNDS	23		167		-
UNRESTRICTED FUNDS	24
General school funds			3,902,021		3,717,723
			3,902,188		3,717,723

	Notes	2020		2019
Cash flows from operatingactivities:
Net income/(expenditure) for the year		184,465		212,655
Adjustmentsfor:
Depreciation charges	13	122,757		122,737
Dividends, interest and rents from investments	8	(3,527)
Interest payable		17,297		20,827
Loss/(profit) from sale of tangible fixed assets		(2,755)
(Increase)/decreasein stock		1,064		(2,341)
(Increase)/decrease in debtors		110,916		(117,735)
Increase/(decrease) in creditors		(5,854)		94,973
Net cash provided by/(used in) operating activities			424,363		331,116
Cash flowsfrom investing activities:
Dividends, interest and rents from investments	8	3,527
Proceedsonsale of tangible fixed assets		3,000
Purchaseof tangible fixed assets Net cash provided by/(usedin) investing activities	13	(151,367)	(144,840)	(38,638)	(38,638)
Cash flowsfrom financingactivities:
Loan repayments		(54,755)		(52,507)
Interest payable		(17,297)		(20,827)
Netcash provided by/(usedin) financing activities			(72,052)		(73,334)
Changein cash andcash equivalentsin the year			207,471		219,144
Cash and cash equivalents at the beginning of the year			496,399		277,255
Cash and cash equivalents at the end of the year			703,870		496,399
Analysis of cash and cash equivalents
Cash at bank and in hand			703,870		496,399
Total cash and cash equivalents			703,870		496,399
The notes on pages 14 to 22 form part of these financial	statements

This is stated after charging:			2020	2019
			£	£
Operating lease payments			43,092	47,638
Stock recognised as an expense			27,499	28,635
Depreciation			122,757	122,737
(Profit)/loss on disposal of assets			(2,755)	-
Auditors' remuneration - audit services (see note 11)			11,700	6,313
Auditors' remuneration - non-audit services (see note 11)			1,086	2,112
TAXATION
The charitable companyis registered as a charity andall	of its incomefalls	within the exemptions under		Part 11 of the
Corporation Tax Act 2010.
INCOME FROM DONATIONSANDLEGACIES
	UNRESTRICTED	RESTRICTED	TOTAL	TOTAL
			2020	2019
	£	£	£	£
Donations	-	500	500	-
INCOME FROM OTHER TRADING ACTIVITIES
	UNRESTRICTED	RESTRICTED	TOTAL	TOTAL
			2020	2019
	£	£	£	£
School uniform shop	29,129	-	29,129	36,480
INCOME FROM INVESTMENTS
	UNRESTRICTED	RESTRICTED	TOTAL	TOTAL
			2020	2019
	£	£	£	£
Interestreceivable	3,527	-	3,527	-

INCOME FROM CHARITABLEACTIVITIES
	TOTAL	TOTAL
	2020	2019
	£	£
Gross schoolfees	3,751,211	3,475,627
less bursaries and allowances	(480,581)	(227,378)
Net school fees	3,270,630	3,248,249
Add:
Registration fees	15,775	6,800
Extras	-	18,758
School bus service and minibushire	4,687	7,305
Flexiday income	78,530	112,100
Premises hire	3,995	6,519
	3,373,617	3,399,731

10	OTHER INCOME		UNRESTRICTED	RESTRICTED	TOTAL	TOTAL
					2020	2019
			£	£	£	£
	Coronavirus Job Retention Scheme Grant		90,109	-	90,109	-
	Profit on disposal of fixed assets		2,755	-	2,755	-
			92,864	-	92,864	-
11	ANALYSIS OF EXPENDITURE
		Staff	Depreciation	Other	Total	Total
		Costs		costs	2020	2019
		£	£	£	£	£
	Costs of raising funds
	School uniform shop	-	-	27,499	27,499	28,635
	Finance costs	-	-	20,357	20,357	23,342
	Total costs of raising funds	-	-	47,856	47,856	51,977
	Charitable activities
	Education
	Teaching	1,899,711	54,394	196,053	2,150,158	2,029,376
	Welfare	-	-	213,976	213,976	272,912
	Premises	97,227	68,363	312,228	477,818	534,856
	Support and governance	281,626	-	143,738	425,364	334,435
	Total charitable expenditure	2,278,564	122,757	865,995	3,267,316	3,171,579
	Total expenditure	2,278,564	122,757	913,851	3,315,172	3,223,556

11	ANALYSIS OF EXPENDITUREcont'd
	Analysis of support and governancecosts:	2020	2019
	Governancecosts:
	Auditors remuneration for audit services:
	Current auditors	9,000	-
	Previous auditors	2,700	6,313
	Governors’training	2,299	-
	Total governance costs	13,999	6,313
	Supportcosts:
	Auditors' remuneration for non audit services:
	Current auditors	600	-
	Previous auditors	486	2,112
	Legal and professional fees relating to support	36,310	28,602
	Support staff wages, national insurance and pension	281,626	213,256
	Other support costs	92,343	84,152
		425,364	334,435
12	STAFF COSTS
	The average monthly numberof employees during the year was:
		2020	2019
		Number	Number
	Teaching	34	34
	Classroom assistants	21	22
	Administration, premises and other	17 16 nn
	The aggregate payroll costs for the year were asfollows:
		2020	2019
		£	£
	Wagesandsalaries	1,795,751	1,675,268
	Social security costs	162,377	146,881
	Pension costs	292,980	188,278
	Employee benefits	12,459	15,049
	Agencystaff	14,997	23,107
		2,278,564	2,048,583

	2020	2019
	Number	Number
£90,000-£99,999 £100,000-£109,999	= 1 —

		2020	2019
		£	£
Defined	benefit schemes	21,964	13,065

						2020	2019
						£	£
Aggregate	employee	benefits	of	key	managementpersonnel	283,244	311,203

TANGIBLE FIXED ASSETS
	Freehold	Fixtures,	Computer	Motor	Total
	Landand	Fittings&	Equipment	Vehicles
	Buildings	Equipment
	£	£		£	£
Cost
At 1 September 2019	5,638,225	496,879	256,138	5,118	6,396,360
Additions	19,556	96,760	18,056	16,995	151,367
Disposals	-	(30,693)	(51,173)	(5,118)	(86,984)
At 31 August 2020	5,657,781	562,946	223,021	16,995	6,460,743
Depreciation
At 1 September 2019	1,456,519	370,424	228,852	4,935	2,060,730
Chargefor year	68,363	36,469	14,909	3,016	122,757
Eliminated on disposal	-	(30,448)	(51,173)	(5,118)	(86,739)
At 31 August 2020	1,524,882	376,445	192,588	2,833	2,096,748
Net Book Value
At 31 August 2020	4,132,899	186,501	30,433	14,162	4,363,995
At 31 August 2019	4,181,706	126,455	27,286	183	4,335,630

14	STOCK
		2020	2019
		£	£
	Stock of uniform	24,914	25,978
15	DEBTORS
		2020	2019
		£	£
	Fee debtors	84,484	217,293
	Prepayments and accrued income	95,618	81,440
	Other debtors	10,738	3,023
		190,840	301,756
16	CREDITORS:due within one year
		2020	2019
		£	£
	Bankloan (secured)	56,930	53,425
	Trade creditors	108,423	54,089
	Accruals and deferred income	19,386	78,356
	Other creditors	34,395	28,430
	Fees in advance	356,532	377,699
	Deposits	22,000	29,000
	Othertaxes andsocial security	40,777	36,293
		638,443	657,292

CREDITORS:due after more than oneyear
	2020	2019
	£	£
Bank loan (secured)	620,388	678,648
Deposits	122,600	106,100
	742,988	784,748
ANALYSIS OF SECURED DEBTS
The bankloan is wholly repayable in instalments as follows:	2020	2019
	£	£
In less than one year	56,930	53,425
In more than one yearbutless than five years	227,720	213,700
In more thanfive years	392,668	464,948
	677,318	732,073

leases which are payable as follows:
	2020	2019
	£	£
Within one year	37,208	11,234
Betweenone andfive years	111,471	14,744
	148,679	25,978

ANALYSIS OF NET ASSETS BETWEEN FUNDS
	Unrestricted	Restricted	Total
	Funds	Funds	2020
At 31 August 2020	£	£	£
Tangible fixed assets	4,363,995	-	4,363,995
Current assets	919,457	167	919,624
Creditors: less than one year	(638,443)	-	(638,443)
Creditors: more than one year	(742,988)	-	(742,988)
	3,902,021	167	3,902,188
	Unrestricted	Restricted	Total
	Funds	Funds	2019
At 31 August 2019	£	£	£
Tangible fixed assets	4,335,630	-	4,335,630
Current assets	824,133	-	824,133
Creditors: less than one year	(657,292)	-	(657,292)
Creditors: more than one year	(784,748)	-	(784,748)
	3,717,723	-	3,717,723