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||`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`|
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||||||`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`
|
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||`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`|
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||`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`|||||
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|`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`|`-`|
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|`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`
|
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|`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`|
##
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||`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`
|
##
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|`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`|
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|`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`|
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|`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`
|