2021-08-31-accounts

			Page
Reference and Administrative		Details ofthe Charity, its Trustees and Advisers
Trustees' Report			2-7
Independent Auditors'	Report	on the Financial Statements	8-11
Statement of Financial	Activities		12
Balance Sheet			13
Statement of Cash Flows			14
Notes to the Financial	Statements		15-34

Trustees			C Machin, Trustee	(resigned	28June 2021)
			D Drew, Trustee
			C Hardiman, Chair
			L Bedborough, Trustee
			VWickens, Trustee
			M Lower, Trustee (resigned		23 September 2021)
			F Penfold, Trustee
			K Wilkie, Trustee (appointed		1 March 2021)
			A Geary (appointed	1 March	2021)
Company	registered
number			00758856
Charity registered
number			307322
Registered		office	Rookwood School
			Weyhill Road
			Andover
			Hampshire
			SP103AL
Company	secretary		SBench
Independent		auditors	Xeinadin Audit Limited
			Nightingale House
			46-48 East Street
			Epsom
			Surrey
			KT17 1HQ
Bankers			Barclays Bank PLC
			5 High Street
			Andover
			Hampshire
			SP10 1LN

			Restricted	Unrestricted	Total	Total
			funds	funds	funds	funds
		Note	2021	2021	2021	2020f
Income from:
Donations and legacies			1,911	53	1,964	1,521
Charitable activities				3,031,894	3,031,894	2,916,102
Investments				121	121	883
Other income				586,332	586,332	438,745
Total income			1,911	3,618,400	3,620,311	3,357,251
Expenditure on:
Charitable activities			12,200	3,641,544	3,653,744	3,415,006
Total expenditure			12,200	3,641,544	3,653,744	3,415,006
Net movement in funds before other
recognised gains			(10,289)	(23,144)	(33,433)	(57,755)
Other recognised	gains:
Other gains				98,097	98,097	39,681
Net movement in funds			(10,289)	74,953	64,664	(18,074)
Reconciliation offunds:
Total funds brought	forward		22,809	3,477,698	3,500,507	3,518,581
Net movement in funds			(10,289)	74,953	64,664	(18,074)
Total funds carried forward			12,520	3,552,651	3,565,171	3,500,507

			BALANCE SHEET	BALANCE SHEET
			AS AT 31	AUGUST 2021
			Note		2021		2020f
Fixed assets
Tangible assets			17		5,727,195		5,786,063
					5,727,195		5,786,063
Current assets
Stocks				9,243		5,605
Debtors			18	735,186		869,148
Cash at bank and	in hand			335,499		275,229
				1,079,928		1,149,982
Creditors: amounts	falling due within one
year			19	(1,351,548)		(1,321,582)
Net current liabilities					(271,620)		(171,600)
Total assets less	current liabilities				5,455,575		5,614,463
Creditors: amounts	falling due after more
than one year			20		(1,890,404)		(2,113,956)
Net assets excluding		pension asset			3,565,171		3,500,507
Total net assets					3,565,171		3,500,507
Charity funds
Restricted funds			23		12,520		22,809
Unrestricted funds			23		3,552,651		3,477,698
Total funds					3,565,171		3,500,507

				2021	2020
Cash flows from operating	activities
Net cash used in operating	activities			176,630	(283,928)
Cash flows from investing	activities
Dividends, interests and rents from investments				121	883
Purchase of tangible fixed assets				(19,035)	(21,009)
Net cash used in investing	activities			(18,914)	(20,126)
Cash flows from financing	activities
Cash inflows from new borrowing				50,000
Repayments of borrowing				(147,446)	(81,622)
Net cash used in financing	activities			(97,446)	(81,622)
Change in cash and cash	equivalents	in	the year	60,270	(385,676)
Cash and cash equivalents	at the beginning		ofthe year	275,229	660,905
Cash and cash equivalents	at the end	of	the year	335,499	275,229

					2021	2020
Gross	fees				3,377,091	3,143,230
Less:	Scholarships	and	Bursaries	granted	(519,287)	(431,030)
					2,857,804	2,712,200

	Restricted	Unrestricted	Total	Total
	funds	funds	funds	funds
	2021	2021	2021	2020
	R
Donations	1,911	53	1,964	1,521
Total 2020	173	1,348	1,521

	Unrestricted	Total	Total
	funds	funds	funds
	2021	2021	2020
Fees receivable	2,857,804	2,857,804	2,712,200
Extra subjects and disbursements	135,341	135,341	183,937
Holiday camps activities	38,749	38,749	19,965
	3,031,894	3,031,894	2,916,102
Total 2020	2,916,102	2,916,102

		Restricted	Unrestricted	Total	Total
		funds	funds	funds	funds
		2021	2021	2021	2020f
Educational	activities	12,200	3,641,544	3,653,744	3,415,006
Total 2020		10,669	3,404,337	3,415,006

			Activities
			undertaken	Total	Total
			directly	funds	funds
			2021	2021	2020
Educational activities			3,653,744	3,653,744	3,415,006
Total 2020			3,415,006	3,415,006
Analysis ofdirect costs
			Educational	Total	Total
			activities	funds	funds
			2021	2021	2020
Staff costs			2,614,714	2,614,714	2,469,464
Depreciation			77,904	77,904	79,189
Academic costs			175,634	175,634	171,811
Activities and disbursements			46,886	46,886	106,533
Employment costs			31,152	31,152
Establishment costs			143,381	143,381	141,015
Repairs and maintenance			140,175	140,175	59,467
Office and ITexpenses			75,206	75,206	84,210
Advertising and marketing			68,651	68,651	52,385
Equipment hire			36,176	36,176	35,066
Motor expenses			60,805	60,805	73,835
Legal and professional		costs	32,958	32,958	14,137
Interest payable			110,490	110,490	119,596
Bad debts provided	for		33,612	33,612
Governance costs			6,000	6,000	8,298
			3,653,744	3,653,744	3,415,006
Total 2020			3,415,006	3,415,006

					2021 R	2020f
Fees payable accounts	to the Charity's	auditor	for the audit of the Charity's	annual	6,000	4,460
Fees payable	to the Charity's	auditor	in respect of:
All non-audit	services not included above					3,838

Staff costs
			2021	2020
Wages and	salaries		2,016,904	1,969,426
Social security costs			161,946	161,739
Contribution	to defined contribution	pension schemes	435,864	338,299
			2,614,714	2,469,464

	Freehold	Plant and	Office	Temporary
	property	equipment	equipment	buildings	Total
Cost or valuation
At 1 September 2020	5,477,446	9,054	513,340	370,691	6,370,531
Additions			19,035		19,035
At 31 August 2021	5,477,446	9,054	532,375	370,691	6,389,566
Depreciation
At 1 September 2020	44,504	8,637	265,951	265,376	584,468
Charge for the year	9,236	266	57,539	10,862	77,903
At 31 August 2021	53,740	8,903	323,490	276,238	662,371
Net book value
At 31 August 2021	5,423,706	151	208,885	94,453	5,727,195
At 31August 2020	5,432,942	417	247,389	105,315	5,786,063

		2021	2020
Due within one year
Trade debtors		667,285	701,773
Other debtors			1,730
Prepayments	and accrued income	67,901	165,645
		735,186	869,148

		2021	2020
Bank loans		181,636	178,001
Trade creditors		50,542	37,813
Other taxation and social security		40,595	40,906
Other creditors		7,667	46,684
Accruals and deferred	income	1,071,108	1,018,178
		1,351,548	1,321,582

			2021	2020
Bank loans			1,606,180	1,707,260
Accruals	and deferred	income	37,092	61,467
Financial	instruments		247,132	345,229
			1,890,404	2,113,956

			2021	2020
Not later than		1 year	30,122	34,335
Later than	1 year and not later than 5years		16,189	46,310
			46,311	80,645

2021	2020
33,247	34,838

Statemen	t	offunds	- current	year
				Balance at 1				Balance at
				September			Gains/	31 August
				2020	Income	Expenditure	(Losses)	2021
				R
Unrestricted		funds
General	Funds - all		funds	3,477,698	3,618,400	(3,641,544)	98,097	3,552,651
Restricted		funds
Fixed asset		donation	fund	22,809	1,911	(12,200)		12,520
Total of	funds			3,500,507	3,620,311	(3,653,744)	98,097	3,565,171

Statement	offunds	- prior y	ear
			Balance at				Balance at
			1 September			Gains'	31August
			2019f	Income	Expenditure	(Losses)f	2020
Unrestricted	funds
General Funds - all		funds	3,485,276	3,357,078	(3,404,337)	39,681	3,477,698
Restricted	funds
Fixed asset	donation	fund	33,305	173	(10,669)		22,809
Total offunds			3,518,581	3,357,251	(3,415,006)	39,681	3,500,507

Analysis	of n	et assets between funds -current	year
			Restricted	Unrestricted	Total
			funds	funds	funds
			2021	2021	2021
Tangible	fixed	assets	12,520	5,714,675	5,727,195
Current	assets			1,079,928	1,079,928
Creditors	due	within one year		(1,351,548)	(1,351,548)
Creditors	due	in more than one year		(1,890,404)	(1,890,404)
Total			12,520	3,552,651	3,565,171

Analysis	of n	et assets between funds - prior ye	ar
			Restricted	Unrestricted	Total
			funds	funds	funds
			2020	2020	2020
Tangible	fixed	assets	22,809	5,763,254	5,786,063
Current	assets			1,149,982	1,149,982
Creditors	due	within one year		(1,321,582)	(1,321,582)
Creditors	due	in more than one year		(2,113,956)	(2,113,956)
			22,809	3,477,698	3,500,507

25.	Reconciliation of	net movem	ent in funds	to	net cash flow from operatin	g activities
						2021	2020f
	Net expenditure for	the year (as per Statement			of Financial Activities)	(33,433)	(57,755)
	Adjustments for:
	Depreciation charges					77,904	79,188
	Dividends, interests	and rents	from investments			(121)	(883)
	Increase in stocks					(3,638)	(2,437)
	Decreasefincrease)	in debtors				100,350	(198,764)
	Increase/(decrease)	in creditors				1,956	(103,277)
	Net cash provided	by/(used	in) operating	activities		143,018	(283,928)
26.	Analysis ofcash and cash equivalents
						2021	2020
	Cash in hand					335,499	275,229
	Total cash and cash equivalents					335,499	275,229

			At 1
			September		At 31
			2020	Cash flows	August 2021
Cash	at bank and in hand		275,229	60,270	335,499
Debt	due within	1 year	(178,001)	(3,635)	(181,636)
Debt	due after	1 year	(1,707,260)	101,080	(1,606,180)
			(1,610,032)	157,715	(1,452,317)

												2021	2020
Financial		assets
Financial	assets measured				at	fair value through			income and expenditure			335,499	275,229
Financial	assets that			are debt		instruments		measured		at amortised cost		735,186	869,148
												1,070,685	1,144,377
												2021 R	2020f
Financial		liabilities
Derivative		financial	instruments			measured		at fair	value through		income and
expenditure		held as		part of	a trading		portfolio					(247,132)	(345,229)
Financial	liabilities measured					at amortised		cost				(2,994,820)	(3,090,309)
												(3,241,952)	(3,435,538)

			2021	2020
Hedging arrangement
Recognised losses/liabilities	on hedges at beginning	of period	345,229	384,910
(Gains)/losses arising in the year			(98,097)	(39,681)
Recognised losses/liabilities	on hedges at end of period		247,132	345,229