2020-07-31-accounts

Trustees		Mr M C G Redshaw,	Mr M C G Redshaw,	Chair
		Mr SW Kent
		Mr P Newbury
		Ms G Pilling
		Mr M Abbott
		SA Dewar
Principal		Mr B Mclnally
Company	Secretary and Business Manager	Mr TTaylor
Charity number		307066
Company	number	00544254
Registered	office	9Walpole Road
		Brighton
		East Sussex
		BN2 OLS
Auditor		Knill James LLP
		One Bell Lane
		Lewes
		East Sussex
		BN7 1JU
Bankers		HSBC Bank PLC
		153 North Street
		Brighton
		East Sussex
		BN1 1SW
		National Westminster		Bank PLC
		8-11 Pavillion	Buildings
		Castle Square
		Brighton
		East Sussex
		BN1 1DP
		Barclays Bank Pic
		North Street
		Brighton
		East Sussex
		BN1 1SF
Solicitors		Griffith Smith	LLP
		47 Old Steyne
		Brighton
		East Sussex
		BN1 1NW

		Page
Trustees' report		1 -11
Statement ofTrustees'	responsibilities	12
Independent auditor's	report	13-14
Statement offinancial	activities	15
Balance sheet		16
Statement ofcash flows		17
Notes to the accounts		18-32

				Unrestricted	Unrestricted		Restricted	Total	Total
				funds	funds		funds	2020	2019
			Notes	general f	designated	f
Income and endowments		from:
Donations and grants			3	40,427				40,427	30,231
School fees receivable			4	3,214,996				3,214,996	3,197,687
Other trading activities
Investments				9,616				9,616	17,490
Other ancillary trading	income			15,413				15,413	7,213
Total income				3,280,452				3,280,452	3,252,621
Ex enditure on:
Raising funds				2,180				2,180	1,243
Charitable activities			8	3,206,113	7,000		424	3,213,537	3,639,478
Total resources expended				3,208,293	7,000		424	3,215,717	3,640,721
Net income/(expenditure)		for the	year/
Net movement in funds				72,159	(7,000)		(424)	64,735	(388,100)
Fund balances at 1 August		2019		4,991,609	644,000		4,516	5,640,125	6,028,225
Fund balances at 31	July	2020		5,063,768	637,000		4,092	5,704,860	5,640,125

				2020		2019
			Notes
Fixed assets
Tangible assets			12		3,662,746	3,754,553
Current assets
Debtors			13	252,956		124,364
Cash at bank and	in	hand		1,958,826		2,056,268
				2,211,782		2,180,632
Creditors: amounts		falling due within	14
one year				(169,668)		(295,060)
Net current assets					2,042,114	1,885,572
Total assets less	current liabilities				5,704,860	5,640,125
Income funds
Restricted funds			17		4,092	4,516
Unrestricted funds	-	designated	18		637,000	644,000
Unrestricted funds	-	general			5,063,768	4,991,609
					5,704,860	5,640,125

					2020		2019
				Notes	f		f
Cash flows from operating			activities
Cash (absorbed by)/generated operations			from	22		(85,642)		19,351
Investing	activities
Purchase	oftangible fixed assets				(21,416)		(355,813)
Investment	income				9,616		17,490
Net cash	used in investing		activities			(11,800)		(338,323)
Net cash	used in financing		activities
Net decrease in cash and		cash equivalents				(97,442)		(318,972)
Cash and	cash equivalents	at beginning		ofyear		2,056,268		2,375,240
Cash and	cash equivalents		at end of	year		1,958,826		2,056,268
Relating	to:
Cash at bank and in hand						1,958,826		2,056,268

			2020	2019
Donations	and gifts		1,643	3,976
Grants receivable		for core activities	38,784	26,255
			40,427	30,231

			2020	2019
Gross	fees	charged	3,214,996	3,197,687

		2020	2019
			E
Rental	income	1,975	4,521
Interest	receivable	7,641	12,969
		9,616	17,490

2020	2019
15,413	7,213

Raising fund	s
			2020	2019
School financin		costs
Other fundraising		costs	2,180	1,243
			2,180	1,243
For the year	ended 31 July 2019
Unrestricted	funds			1,243

			Teaching	Welfare	Premises	Support	Total	Total
			costs	costs	costs	costs	2020	2019
					E	F	f	f
Staff costs			1,487,634	648,407	58,262	264,974	2,459,277	2,533,922
Depreciation	and
impairment			31,080	345	81,798		113,223	109,596
Other costs			33,756	215,420	188,956	184,287	622,419	976,867
			1,552,470	864,172	329,016	449,261	3,194,919	3,620,385
Share of support costs
(see note 9)						1,385	1,385	1,282
Share ofgovernance		costs
(see note 9)						17,233	17,233	17,811
			1,552,470	864,172	329,016	467,879	3,213,537	3,639,478
Analysis by	fund
Unrestricted	funds-
general			1,552,470	863,748	322,016	467,879	3,206,113
Unrestricted	funds-
designated					7,000		7,000
Restricted funds				424			424
			1,552,470	864,172	329,016	467,879	3,213,537
For the year	ended	31July	2019
Unrestricted	funds-
general			1,622,769	994,353	462,945	550,793		3,630,860
Unrestricted	funds-
designated					7,000			7,000
Restricted funds				1,618				1,618
			1,622,769	995,971	469,945	550,793		3,639,478

9	Support costs	Support costs	Support costs
				Support	Governance	2020	2019
				costs	costs
				f
	Bank charges			1,385		1,385	1,282
	Audit fees				10,680	10,680	10,264
	Governance		costs		6,553	6,553	7,547
				1,385	17,233	18,618	19,093
	Analysed	to:
	Charitable		activities	1,385	17,233	18,618	19,093

The average		monthly number ofemployees during th	e year was:
			2020	2019
			Number	Number
Teaching and		learning	61	57
Residential	care		23	28
Administration			8	13
Maintenance		and cleaning	11	15
			103	113
Employment		costs	2020f	2019
Wages and	salaries		2,059,905	2,171,223
Social security		costs	188,516	199,457
Other pension		costs	210,856	163,242
			2,459,277	2,533,922

more we	re:		,
			2020	2019
			Number	Number
260,000	to	270,000	2	2
f90,000	to	f100,000	1	1

12	Tangible	fixed assets
				Freehold	Leasehold	Furniture &	Motor	Total
				Land &	Land &	Equipment	vehicles
				Buildings f	Buildings
	Cost
	At 1 August 2019			3,748,095	991,811	1,023,358	71,211	5,834,475
	Additions			7,206		14,210		21,416
	Disposals					(788,848)		(788,848)
	At 31 July	2020		3,755,301	991,811	248,720	71,211	5,067,043
	Depreciation and impairment
	At 1 August 2019			1,013,708	97,170	897,833	71,211	2,079,922
	Depreciation charged		in the year	69,849	12,294	31,080		113,223
	Eliminated	in respect ofdisposals				(788,848)		(788,848)
	At 31 July	2020		1,083,557	109,464	140,065	71,211	1,404,297
	Carrying	amount
	At 31 July	2020		2,671,744	882,347	108,655		3,662,746
	At 31 July	2019		2,734,387	894,641	125,525		3,754,553
	The carrying value of		land and buildings	comprises:
							2020	2019
								F
	Freehold						2,671,744	2,734,387
	Long leasehold						637,000	686,184
	Shortleasehold						245,347	208,457
							3,554,091	3,629,028

	Freehold	land	8 buildings	8 buildings	includes	land	included	at cost	of F184,625 which	is not depreciated.	is not depreciated.	The
	freehold	land	8 buildings	are valued,		for insurance		purposes,	at F13.3m.
13	Debtors
										2020		2019
	Amounts	falling due within one year:										E
	Fee debtors									194,763		89,183
	Other debtors									6,784		2,394
	Prepayments		and accrued		income					51,409		32,787
										252,956	124,364

			2020f	2019 E
Other	deferred	income	34,290	41,427

		Movement	in funds
	Balance at 1	Incoming	Resources	Balance at 31
	August	Resources	Expended	July 2020
	2019
	E	E	E
Pedal to the Pebbles Bike Ride	3,840			3,840
J Simister	676		(424)	252
	4,516		(424)	4,092

				Movement	in funds
			Balance at 1	Incoming	Resources	Balance at 31
			August	resources	expended	July 2020
			2019
			E
34	Walpole	Road	644,000		(7,000)	637,000
			644,000		(7,000)	637,000

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20	Operating lease commitments
	At the reporting end date the charitable			company			had	outstanding		commitments			for		future minimum			lease
	payments under non-cancellable	operating			leases, which fall				due as follows:
															2020			2019
															E
	Within one year																	1,254
21	Related party transactions
	Remuneration ofkey management		personnel
	The remuneration of key management			personnel			is as	follows.
															2020			2019
																		f
	Aggregate compensation													369,618		338,694
	M Abbott, who was appointed	as a	trustee		on	2nd July 2019, provides					building		project management					and
	property surveying services to	the charity			under		a service		level agreement			dated			20th June	2017		which
	was entered in to before his	appointment.				The Service			Level	Agreement			will		be reviewed		after 3
	years. The Chair of Trustees and the Business Manager review the terms of the ensure that it continues to represent fair value and is in line with market rates.													agreement		each	year to
22	Cash generated from operations														2020			2019
															E			f
	Surplus/(deficit) for the year														64,735	(388,100)
	Adjustments for:
	Investment income recognised	in statement			offinancial			activities							(9,616)		(17,490)
	Depreciation and impairment oftangible			fixed assets										113,223		109,596
	Movements in working capital:
	(Increase)/decrease in debtors												(128,592)			195,586
	(Decrease)/increase in creditors												(118,255)			105,910
	(Decrease)/increase in deferred	income													(7,137)		13,849
	Cash (absorbed by)/generated	from operations												(85,642)			19,351
23	Analysis ofchanges in net funds
	The charitable company had no	debt	during		the	year.