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|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|||
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|||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|
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|||||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|
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|||||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|
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||||||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|
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||||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|
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|||2020|2019|
|---|---|---|---|
||||E|
|Rental|income|1,975|4,521|
|Interest|receivable|7,641|12,969|
|||9,616|17,490|
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|2020|2019|
|---|---|
|15,413|7,213|
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|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|
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||||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|
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|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|
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|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|
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|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||
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||||2020f|2019
E|
|---|---|---|---|---|
|Other|deferred|income|34,290|41,427|
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|||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|
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|||||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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##
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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.|||||||||||||