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||||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|
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|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|||
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||||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|
##
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|||||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|
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||||||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||
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|||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||
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||||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||
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||||||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|
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||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|
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|||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|
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||||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|
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|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|
##
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|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|
##
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|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|
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||||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)|
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|||||||||||||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|