| Page | ||
|---|---|---|
| Governors' Report (incorporating |
the Strategic Report) | |
| Statement ofGovernors' Responsibilities |
12 | |
| Independent Auditor's Report |
13-17 | |
| Statement of FinancialActivities | 18 | |
| Balance Sheet | 19 | |
| Cash Flow Statement | 20 | |
| Notes to the Accounts | 21-31 |
| Unrestricted | Designated | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| Notes | Funds f |
Funds f |
2021 f |
2020 f |
|||
| f | |||||||
| Incoming resources from generated | funds | ||||||
| Donations | 100 | 100 | 5,665 | ||||
| 6overnment grant income |
37,258 | 37,258 | 107,499 | ||||
| Lettings income | 3,514 | 3,514 | |||||
| Bank interest | 3,605 | 3,605 | 16,652 | ||||
| Charitable activities |
3 | 4,682,442 | 4,682,442 | 4,389,746 | |||
| Total income | 4,726,919 | 4,726,919 | 4,519,562 | ||||
| Raising funds | |||||||
| Finance costs | |||||||
| Total cost of raising funds | 738 | ||||||
| Charitable activities |
|||||||
| Education | 4,401,816 | 4,401,816 | 4,334,998 | ||||
| Total expenditure | 4,401,816 | 4,401,816 | 4,335,726 | ||||
| Net income and expenditure | 325,103 | 325,103 | 183,836 | ||||
| Transfer between | funds | 12 | (175,000) | 175,000 | |||
| Fund balances at | 1September 2020 | 7,736,657 | 1,200,000 | 8,936,657 | 8,752,821 | ||
| Fund balances at | 31August 2021 | 13 | 7,886,760 | 1,375,000 | 9,261,760 | 8,936,657 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Fixed assets | Notes | ||||||
| Tangible assets | 5,387,190 | 5,507,339 | |||||
| Current assets | |||||||
| Stocks | 29,610 | 28,663 | |||||
| Debtors | 8 | 1,346,138 | 1,806,755 | ||||
| Cash at bank and | in | hand | 4,420,975 | 3,501,880 | |||
| 5,796,723 | 5,337,298 | ||||||
| Creditors: amounts year |
falling due within one | 9 | (1,922,153) | (1,907,980) | |||
| Net current assets | 3,874,570 | 3,429,318 | |||||
| Net assets | 9,261,760 | 8,936,657 | |||||
| Income funds | 13 | ||||||
| Unrestricted funds: |
|||||||
| Designated funds |
12 | 1,375,000 | 1,200,000 | ||||
| Other charitable | funds | 7,886,760 | 7,736,657 | ||||
| 9,261,760 | 8,936,657 |
| Notes | 2021 | 2020 | ||||
|---|---|---|---|---|---|---|
| 6 | 6 | |||||
| Cash flows from operating | activities | 14 | 982,681 | (137,884) | ||
| Cash flows from investing | activities | |||||
| Purchase oftangible fixed Finance costs Interest received |
assets | (67,191) 3,605 |
(55,521) (738) 16,652 |
|||
| Net cash from investing activities |
(63,586) | (39,607) | ||||
| Cash flows from financing | activities | |||||
| Repayment of bank loan |
(72,106) | |||||
| Net cash outflow from financing activities |
(72,106) | |||||
| Increase in cash and cash equivalents |
919,095 | (249,597) | ||||
| Cash and cash equivalents | at start ofyear | 3,501,880 | 3,751,477 | |||
| Cash and cash equivalents | at end ofyear | 4,420,975 | 3,501,880 | |||
| All cash is cash at bank and | in hand. |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| E | f | |||||
| Gross school fees | 4,990,577 | 5,112,862 | ||||
| Bursaries, | scholarships | and discounts | * | (406,464) | (794,062) | |
| Net school | fees | 4,584,113 | 4,318,880 | |||
| Minibus income |
72,510 | 60,555 | ||||
| Extras | ||||||
| 25,819 | 10,391 | |||||
| Net school | fees | 4,682,442 | 4,389,746 | |||
| ' Includes | COVID -19 | fee adjustments | for both 2021 and 2020. |
| Staff costs E |
Depreciation f |
Other Costs |
Total 2021 |
Total 2020 |
||
|---|---|---|---|---|---|---|
| 6 | E | f | ||||
| Raising funds | ||||||
| Finance costs | ||||||
| 738 | ||||||
| Total cost ofraising funds | 738 | |||||
| Charitable activities |
||||||
| Education | ||||||
| Teaching costs Welfare costs Premises costs |
2,687,307 22,350 239,073 |
40,736 146,603 |
80,007 322,336 307,384 |
2,808,050 344,686 693,060 |
2,885,987 320,499 618,757 |
|
| Support costs | 350,472 | 205,548 | 556,020 | 509,745 | ||
| Total charitable | activities | 3,299,202 | 187,339 | 915,275 | 4,401,816 | 4,334,988 |
| Total expenditure | 3,299,202 | 187,339 | 915,275 | 4,401,816 | 4,335,726 |
| equivalent e |
mployees during the year was: |
g mony nume |
of full time |
|---|---|---|---|
| 2021 | 2020 | ||
| Number | Number | ||
| Teaching | 41 | 42 | |
| Non-teaching | 35 | 34 | |
| Total | |||
| 76 | 76 | ||
| Employment | costs | 2021 | 2020 |
| Wages and salaries | 2,590,388 | 2,590,937 | |
| Social security | costs | 251,963 | 249,960 |
| Other pension | costs | 456,851 | 460,807 |
| 3,299,202 | 3,301,704 |
| 2021 | 2020 |
|---|---|
| Number | Number |
| 7. Tangible fixed assets |
|||
|---|---|---|---|
| Cost | Land and | Fixtures, | |
| buildings | fittings & equipment |
Total | |
| At 1September 2020 Additions |
f 7,434,006 34,813 |
f 574,703 32,378 |
f 8,008,709 67,191 |
| At 31August 2021 | 7,468,819 | 607,080 | 8,075,900 |
| Depreciation | |||
| At 1September 2020 Charge for the year |
1,995,693 146,603 |
505,677 40,736 |
2,501,370 187,339 |
| At 31August 2021 | 2,142,296 | 546,413 | 2,688,709 |
| Net book value | |||
| At 31August 2021 | 5,326,523 | 60,667 | 5,387,190 |
| At 31August 2020 | 5,438,313 | 69,026 | 5,507,339 |
| 8. Debtors |
||||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Trade debtors | ||||
| 1,308,025 | 1,733,176 | |||
| Prepayments | and accrued income | 38,113 | 73,579 | |
| 1,346,138 | 1,806,755 | |||
| 9. Creditors: amounts |
falling due within one year | |||
| 2021 | 2020 | |||
| Trade creditors Taxes and social security costs Fees in advance Fee deposits Other creditors |
f 64,412 61,430 1,641,824 90,650 63,837 |
f 51,749 61,643 1,615,618 80,450 98,520 |
||
| 1,922,153 | 1,907,980 |
| 1 | Balance at September 2020 |
Incoming Resources |
Resources Expended |
Transfers | Balance at 31August 2021 |
|||
|---|---|---|---|---|---|---|---|---|
| Capital | Development | Fund | 1,200,000 | 175,000 | 1,375,000 | |||
| 1,200,000 | 175,000 | 1,375,000 |
| Unrestricted funds |
Designated funds |
Total | ||||
|---|---|---|---|---|---|---|
| Fund balances at | 31August 2021are represented | by: | ||||
| Tangible fixed assets Current assets |
5,387,190 | 5,387,190 | ||||
| Creditors: amounts | falling due | within one year | 4,421,723 (1,922,153) |
1,375,000 | 5,796,723 (1,922,153) |
|
| 7,886,760 | 1,375,000 | 9,261,760 | ||||
| Unrestricted funds |
Designated funds |
Total | ||||
| Comparative Fund |
balances at | 31August 2020 are | ||||
| represented by: |
||||||
| Tangible fixed assets Current assets Creditors: amounts falling due within one year |
5,507,339 4,137,298 (1,907,980) |
1,200,000 | 5,507,339 5,337,298 (1,907,980) |
|||
| 7,736,657 | 1,200,000 | 8,936,657 | ||||
| 14. Net cash inflow/(outflow) | from operating activities | |||||
| Reconciliation to changes in resources |
2021 f |
2020 6 |
||||
| Net income | ||||||
| Interest received | 325,103 | 183,836 | ||||
| Financing costs | (3,605) | (16,652) | ||||
| Depreciation oftangible fixed assets (Increase)/decrease in stocks (Increase)/decrease in debtors Increase/(decrease) in creditors |
187,339 (947) 460,617 14,174 |
738 186,234 (10,148) (441,376) (40,516) |
||||
| 982,681 | (137,884) |
| 2021 | 2020 | |
|---|---|---|
| Increase/(decrease) in cash Repayment of bank loan Movement in net funds Net funds at 1September 2020 Net funds at 31August 2021 |
E 919,095 919,095 3,501,880 4,420,975 |
f (249,597) 72,106 (177,491) 3,679,371 3,501,880 |
| At 1 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| September | Cash flow | Non-cash | At 31August | ||||||
| 2020 | changes | 2021 | |||||||
| Cash | at | bank | and | in | hand | E 3,501,880 |
f 919,095 |
E 4,420,975 |
|
| 3,501,880 | 919,095 | 4,420,975 |
| 17. Commitments under operati |
ng leases |
||||
|---|---|---|---|---|---|
| At 31August 2021 the company follows: |
had total commitments | under | non-cancellable | operating | leases as |
| 2021 | 2020 | ||||
| Expiry date: | E | f | |||
| Within one year Between two and five years |
48,269 68,381 |
48,269 116,650 |