2020-08-31-accounts

Governors			S M Barnett BScACG (Chairman)
			P YBooth BA PGCE (Vice Chairman)
			P A Kent FRICS ACIArb
			D Kelsey
			D EJ Kittow LLB
			5 Mills BSMCIM MMRS MIDM
			I Rudge FRICS
			RJ Sharp
Acting Headmistress			KStokes MA BA PGCE DipCG
General Manager		and Company Secretary	A BWarner
Charity Number			307045
Company	Number		00875915
Registered	Office	Ik Principal Address	StJulian's Lane
			Shoreham-by-Sea
			West Sussex
			8N43 6YW
Auditors			TC Group
			The Courtyard
			Shoreham Road
			Upper Beeding
			Steyning
			West Sussex
			BN44 3TN
Bankers			Barclays Bank PLC
			North Street
			Brighton
			East Sussex
			BN1 1SF

			Page
Governors' Report (incorporating		the Strategic Report)
Statement ofGovernors' Responsibilities			12
Independent Auditor's	Report		13-15
Statement of Financial	Activities		16
galance Sheet			17
Cash Flow Statement			18
Notes to the Accounts			19-29

					Unrestricted	Designated	Total	Total
					Funds	Funds	2020	2019
				Notes	f	f	f	f
f
Incoming resources from generated			funds
Donations					5,665		5,665	14,486
Government	grant income				107,499		107,499
Bank Interest					16,652		16,652	15,241
Charitable activities				3	4,389,746		4,389,746	4,769,886
Total income					4,519,562		4d519d562	4799613
~ddt
Raising funds
Finance costs					738		738	3,008
Total cost of raising funds					738		738	3,008
Charitable activities
Education					4,334,988		4,334,988	4,279,791
Total expenditure					4,335,726		4,335,726	4,282,799
Net income and expenditure					183,836		183,836	516,814
Transfer between		funds
Fund balances	at	1September 2019			7,552,821	1,200,000	8,752,821	8,236,007
Fund balances	at	31August 2020		14	7,736,657	1,200,000	8,936,657	8,752,821

				2020		2019
Fixed assets			Notes
Tangible assets					5,507,339		5,638,052
Current assets
Stocks				28,663		18,515
Debtors			8	1,806,755		1,365,379
Cash at bank and	In	hand		3,501,880		3,751,477
				5,337,298		5,135,371
Creditors: amounts year		falling due within one	9	(1,907,980)		(2,020,602)
Net current assets					3,429,318		3,114,769
Net assets					8,936,657		8,752,821
Income funds
Unrestricted funds:
Designated funds			13		1(200,000		1,200,000
Other charitable	funds				7,736,657		7,552,821
					gp936,657		8,752,821

		2020	2019
		f	E
Gross school fees		5,112,862	4,910,990
Bursaries, scholarships	and discounts	(794,062)	(249,686)
Net school fees		4,318,800	4,661,304
Minibus income		60,555	81,874
Extras		10,391	26,708
Net school fees		4,389,746	4,769,886

4. Total expend	iture
		Staff costs	Depreciation	Other	Total	Total
			E	Costs	2020	2019
				f	E
Raising funds
Finance costs				738	738	3,008
Total cost ofraising funds				738	738	3,008
Charitable activities
Education
Teaching costs		2,751,324	40,368	94,295	2,885,987	2,660,920
Welfare costs		23,059		297,440	320,499	423,727
Premises costs		184,167	145,866	288,724	618,757	648,674
Support costs		343,154		166,591	509,745	546,470
Total charitable	activities	3,301,704	186,234	847,050	4,334,988	4,279,791
Total expenditure		3,301,704	186,234	847,788	4,335,726	4,282,799

equivalent em	ployees during the year was:
		2020	2019
		Number	Number
Teaching		42	41
Non-teaching		34	35
Tata I		76	76
Employment	casts	2020	2019
Wages and salaries		2,590,937	2,555,123
Socia I security	costs	249,960	240,007
Other pension	costs	460,807	313,836
		3,301,704	3,108,966

2020	2019
Number	Number

7. Tangibl	e fixed assets
Cost		Land and buildings	Fixtures, fittings & equipment	Total
		f	f
At 1September 2019		7,398,158	555,030	7,953,188
Additions		35,848	19,673	55,521
Disposals
At 31August	2020	7,434,006	574,703	8,008,709
Depreciation
At 1September 2019		1,849,827	465,309	2,315,136
Charge for the year		145,866	40,368	186,234
Depreciation	on disposals
At 31August	2020	1,995,693	505,677	2,501,370
Net book value
At 31August	2020	5,438,313	69,026	5,507,339
At 31August	2019	5,548,331	89,721	5,638,052

8. Debtors
			2020	2019
Trade debtors			1,733,176	1,332,947
Prepayments	and accrued	income	73,579	32,432
			1,806,755	1,365,379
9. Creditors: amounts		falling due within one year
			2020	2019
				6
Bank loans				72,106
Trade creditors			51,749	66,224
Taxes and social security		costs	61,643	60,216
Feesin advance			1,615,618	1,641,986
Fee deposits			80,450	76,250
Other creditors			98,520	103,820
			1,907,980	2,020,602

10. Creditors: amo	unts falling due after more than one year
		2020	2019
		6	f
Bankloans
Analysis of loans
Total repayable			72,106
Due within one year	(Note 9)		(72,106)
Due after more than	one year
Bank loan maturity	analysis
Debt due in one year or less			72,106
In more than one year but not more than two years
			72,106

			1	Balance at September 2019	Incoming Resources	Resources Expended	Transfers	Balance at 31August 2020
Capital	Development	Fund		1,200,000				1,200,000
				1,200,000				1,200,000

				Unrestricted funds	Designated funds	Total
Fund balances	at 31August 2020 are represented		by:
Tangible fixed	assets			5,507,339		5,507,339
Current assets				4,137,298	1,200,000	5,337,298
Creditors: amounts		falling due within one year		(1,907,980)		(1p907,980)
				7,736,657	1,200,000	8,936,657
				Unrestricted funds	Designated funds	Total
Comparative	Fund	balances at31August 2019are
represented by:
Tangible fixed	assets			5,638,052		5,638,052
Current assets				3,935,371	1,200,000	5,135,371
Creditors: amounts		falling due within one year		(2,020,602)		(2,020,602)
				7,552,821	1,200,000	8,752,821

		2020	2019
Reconciliation to changes in resources			6
Changes in resources	before revaluations	183,836	516,817
Interest received		(16,652)	(15,241)
Financing costs		738	3,008
Depreciation oftangible fixed assets		186,234	171,734
Profit on sale offixed assets			(1,299)
(Increase)/decrease	in stocks	(10,148)	4,002
(Increase)/decrease	in debtors	(441,376)	2,585
Increase/(decrease)	in creditors	(40,516)	64,761
		(137,884)	746,367

			2020	2019
			6	E
Increase/(decrease)in		cash	(249,597)	551,432
Repayment	of bank loan		72,106	98,926
Movement	in net funds		(177,491)	650,358
Net funds	at 1September 2019		3,679,371	3,029,013
Net funds	at 31August	2020	3,501,880	3,679,371

		At 1 September 2019	Cash f)ow	Non-cash changes	At 31August 2020
		6	E		6
Cash	at bank and in hand	3,751,477	(249,597)		3,501,880
Debt	due within one year	(72,106)	72,106
		3,679,371	(177,491)		3,501,880

	2020	2019
		f
Expiry date:
Within one year	48,269	48,269
Between two and five years	116,650	164,918