2021-08-31-accounts

	PAGE
LegalandAdministrativeInformation
Governors'Report(incorporatingtheStrategicReport)
ReportoftheIndependentAuditors
StatementofFinancialActivities	13
BalanceSheet	14
CashFlowStatement	15
NotestotheFinancialStatements	16

PENNTHORPESCHOOLTRUST	LIMITED
STATEMENTOFFINANCIALACTIVITIES
(INCLUDINGINCOMEANDEXPENDITUREACCOUNT)
FORTHEYEARENDED31AUGUST2021
	Notes	Unrestricted		Restricted	TotalFunds		Unrestricted	Restricted	TotalFunds
			Funds	Funds	2021		Funds	Funds	2020
			£	£	£		£	£	£
INCOMEFROM:
Donations Othertradingactivities Investments Charitableactivities	oon mn		2,178 27,304 3,782 3,329,126	13,180 - - -	15,358 27,304 3,782 3,329,126		- 29,129 3,527 3,373,617	500 - - -	500 29,129 3,527 3,373,617
Otherincome			33,733	-	33,733		92,864		92,864
Totalincome			3,396,123	13,180	3,409,303		3,499,137	500	3,495,637
EXPENDITUREON:	11
RaisingFunds			35,738	-	35,738		47,856	-	47,856
Charitableactivities			3,238,770	1,347	3,240,117		3,266,983	333	3,267,316
Totalexpenditure			3,274,508	1,347	3,275,855		3,314,839	333	3,315,172
Netincome/expenditureandnet			121,615	11,833	133,448		184,298	167	184,465
movementinfunds
Transfersbetweenfunds	22		12,000	(12,000)	-		“	|	.
Netmovementinfunds			133,615	(167)	133,448	|	184,298	167	184,465
Fundbalancesbroughtforward			3,902,021	167	3,902,188		3,717,723	-	3,717,723
Fundbalancescarriedforward	21		4,035,636	-	4,035,636		3,902,021	167	3,902,188
Allincomeandgainsfortheyeararerecognisedabove.Alloftheschool'sactivities					areclassed	as	continuing.
TheStatementofFinancialActivitiesalsocomplieswiththerequirementsforanincomeandexpenditureaccount.
Thenotesonpages16to24formpartofthesefinancial			statements

PENNTHORPESCHOOLTRUSTLIMITED	PENNTHORPESCHOOLTRUSTLIMITED				CompanyNumber:00799603	CompanyNumber:00799603
BALANCESHEET
ASAT31AUGUST2021
		Notes		2021		2020
			£	£	£	£
FIXEDASSETS
Tangibleassets		13		4,432,004		4,363,995
CURRENTASSETS
Stock		14	22,886		24,914
Debtors		15	168,105		190,840
Cashatbankandinhand			694,405		703,870
			885,396		919,624
CURRENTLIABILITIES
Creditorsduewithinoneyear		16	(627,141)		(638,443)
NETCURRENTASSETS/	(LIABILITIES)			258,255		281,181
CREDITORSDUEAFTERMORETHANONEYEAR		17		(654,623)		(742,988)
NETASSETS				4,035,636		3,902,188
REPRESENTEDBY:
RESTRICTEDFUNDS		22			-	167
UNRESTRICTEDFUNDS		21
Generalschoolfunds				4,035,636		3,902,021
				4,035,636		3,902,188
TheaccountswereapprovedbytheBoardofGovernorsand 3und			signedon theirbehalf AS		by: LS
			sJ Kapsalis
Governor			Governor
Date: 2December2021
Thenotesonpages16	to24formpartofthesefinancialstatements

PENNTHORPESCHOOLTRUSTLIMITED	PENNTHORPESCHOOLTRUSTLIMITED
NOTESTOTHEFINANCIALSTATEMENTS
FORTHEYEARENDED31AUGUST2021
8INCOMEFROMINVESTMENTS
			UNRESTRICTED	RESTRICTED	TOTAL	TOTAL
					2021	2020
			£	£	£	£
Interestreceivable			3,782	-	3,782	3,527
9INCOMEFROMCHARITABLEACTIVITIES
					TOTAL	TOTAL
					2021	2020
					£	£
Grossschoolfees					3,565,345	3,751,211
lessbursariesandallowances					(349,801)	(480,581)
Netschoolfees					3,215,544	3,270,630
Add:
Registrationfees					16,250	15,775
Extras					3,813	-
Schoolbusserviceandminibushire					3,867	4,687
Flexidayincome					86,723	78,530
Premiseshire					2,929	3,995
					3,329,126	3,373,617
Bursariesandallowancesinclude	adiscount	provided	ontheSpringterm	2021feesas	aresultofthenationwide
lockdownarisingfromtheCovid-19	pandemic.
10OTHERINCOME			UNRESTRICTED	RESTRICTED	TOTAL	TOTAL
					2021	2020
			£	£	£	£
CoronavirusJobRetentionScheme	Grant		33,733	-	33,733	90,109
Profitondisposaloffixedassets			-	-	-	2,735
			33,733	-	33,733	92,864
11ANALYSISOFEXPENDITURE
		Staff	Depreciation	Other	Total	Total
		Costs		costs	2021	2020
		£	£	£	£	£
Costsofraisingfunds
Schooluniformshop		-	-	19,786	19,786	27,499
Financecosts		-	-	15,952	15,952	20,357
Totalcostsofraisingfunds		-	-	35,738	35,738	47,856
Charitableactivities
Education
Teaching		1,839,716	70,399	201,617	2,111,732	2,150,158
Welfare		-	-	214,304	214,304	213,976
Premises		99,020	68,345	301,235	468,600	477,818
Supportandgovernance		316,129	-	129,352	445,481	425,364
Totalcharitableexpenditure	:	2,254,865	138,744	846,508	3,240,117	3,267,316
Totalexpenditure		2,254,865	138,744	882,246	3,275,855	3,315,172
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PENNTHORPESCHOOLTRUSTLIMITED	PENNTHORPESCHOOLTRUSTLIMITED	PENNTHORPESCHOOLTRUSTLIMITED
NOTESTOTHEFINANCIALSTATEMENTS
FORTHEYEARENDED31AUGUST2021
12STAFFCOSTScont'd
Staffearninginexcessof£60,000	per	annuminthefollowingbandsare:
					2021	2020
					Number	Number
£70,000-£79,999
£100,000-£109,999
Oftheemployeeswhoseemolumentsexceed£60,000,1 (2020:1)has			benefitsaccruingunder		adefinedbenefitscheme.
Contributionspayablebythecompanytothatschemeforthehigherpaidemployee				were:
					2021	2020
					£	£
Definedbenefitschemes					16,014	21,964
The keymanagementpersonnel	of	theschoolaredetailed inthe	Governors'	Reportand	Legaland	Administrative
Information.In2021:3 staff(2020:	3	staff)
					2021	2020
					£	£
Aggregateemployeebenefitsofkeymanagementpersonnel					308,116	283,244
(includingemployernationalinsuranceandpensioncontributions)
13TANGIBLEFIXEDASSETS
		Freehold	Fixtures,	Computer	Motor	Total
		Landand	Fittings&	Equipment	Vehicles
		Buildings	Equipment
		£	£		£	£
Cost
At1 September2020		5,657,781	562,946	223,021	16,995	6,460,743
Additions		95,101	50,853	63,525	-	209,479
Disposals		(1,585)	(30,162)	(56,332)	-	(88,079)
At31August2021		5,751,297	583,637	230,214	16,995	6,582,143
Depreciation
At1 September2020		1,524,882	376,445	192,588	2,833	2,096,748
Chargeforyear		68,345	49,674	17,705	3,020	138,744
Eliminatedondisposal		(635)	(28,386)	(56,332)	-	(85,353)
At31August2021		1,592,592	397,733	153,961	5,853	2,150,139
NetBookValue
At31August2021		4,158,705	185,904	76,253	11,142	4,432,004
At31August2020		4,132,899	186,501	30,433	14,162	4,363,995

14	STOCK
				2021	2020
				£	£
	Stockofuniform			22,886	24,914
15	DEBTORS
				2021	2020
				£	£
	Feedebtors			71,813	84,484
	Prepaymentsandaccruedincome			90,742	95,618
	Otherdebtors			5,550	10,738
				168,105	190,840
16	CREDITORS:due	withinoneyear
				2021	2020
				£	£
	Bankloan(secured)			62,425	56,930
	Tradecreditors			115,049	108,423
	Accrualsanddeferredincome			37,070	19,386
	Othercreditors			40,705	34,395
	Feesinadvance			303,872	356,532
	Deposits			26,500	22,000
	Othertaxesand	socialsecurity		41,520	40,777
				627,141	638,443
	Feesinadvance	representfeesreceivedforAutumnterm2021.
17	CREDITORS:dueaftermorethanoneyear
				2021	2020
				£	£
	Bankloan(secured)			557,623	620,388
	Deposits			97,000	122,600
				654,623	742,988
18	ANALYSISOFSECUREDDEBTS
	Thebankloaniswhollyrepayableininstalmentsasfollows:			2021	2020
				£	£
	Inlessthanone	year		62,425	56,930
	Inmorethanoneyearbutlessthanfiveyears			249,700	227,720
	Inmorethanfiveyears			307,923	392,668
				620,048	677,318
	Thebankloan	issecuredbylegalchargesoverthefreeholdlandandbuildingsandbya debentureinfavourof
	BarclaysBankplc.Thebankloanwasformalised		withBarclaysBankplcon	10April2018fora 13yeartermata
	variableinterest	rateof2%abovebaserate.
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