2020-08-31-accounts

Report of	the Governors	the Governors
Report of	the independent auditor
Principal	accounting	policies
Statement	offinancial	activities
Balance sheet
Cash flow	statement
Notes to the financial		statements

					Unrestricted	Funds
				Note	2020	2019
Incoming resources
Inconung I'csoufccs fr'onl cheflfal&lc			actlvltlcs	1	2,522)838	2,')35,312
t)over nnlcnt 1)urlough Grant					405,588
Inconllng I'csoul'ccs Iron) gcnclslted			funds:
Voh)ntaf1' laconic				2	21,025	6),072
loves talent laconic				3	10,188	2,589
Othcf lnconllng rcsoufccs					8,649	11,493
Total incoming resources					2,968,288	2,')55,4611
Resources expended
Costs ofgcncfaltlng flmds					107,781	107,804
Charitable activities					2,850,G88	2,858,178
()ther. resources expended					55,077	59,760
Total resources expended					3,013,54G	3,025,742
Net (Expemliture)					(45,258)	(70,276))
Actuarial (Loss)/Gain on Defined			Benefit Pension Schemes		(231)	1'),745
Movements in funds					(45,489)	(50,531)
'1'otal fumls brought fonvard	at	1 Scptcml&cr 2019			2,502,624	2,553,135
Total funds carried fonvard	at 31August 2020				2,457,135	2,502,624

Company number	1091930	1091930	Note	2020	2020	2019	2019
Fixed assets
Tanglblc 'tsscts					3,418,848		3,475,534
Current assets
Stocks			9	1,242		2,578
Debtors			10	239,942		135,050
Cash at bank anti in		hand		345,034		618,149
				586,218		755,777
Liabilities
Crcclitors: amounrs		fallmg duc
lvithin onc fear			11	(462,391)		(539,979)
Net current assets					123,827		215,798
Total assets less current liabilities					3,542,675		3,691,332
Crcclitors: amounts		Falling duc aF)cr
n)ofc than onc veau'			12		(1,063,104)		(1,163,352)
I'rovision for I'ension			17		(22,436)		(25,356)
Net assets					2,457,135		2,502,624
Total charity funtls:
Cnrcstnctcd income		funrls			2,457,135		2,502,624

				Note	2020	2020	2019	2019
Net cash (outflosv) / inflotv			from
operating activities						(63,597)		192,734
Returns on investments	and		servicing
offinance
Illtcrcst t'ccclvctl					10,188		2,589
Intcrcst paid					(55,077)		(58,839)
						(44,889)		(57,171)
Capital expenditure
Payments to acquire tangible		flxcd assets				(68,815)		(45,198)
Financing
IIank loan repayments						(95,814)		(91,720)
Decrease in cash in year				19		(273,115)		(434)

Incoming resources from charitable	Incoming resources from charitable	Incoming resources from charitable	activities
				2020	2019
School fees and associated		income:
I ees receivable				3,348,081	3,280,081
I.css: Summer tenn 2020 Covid Fccadjustmcnt				(382,875)
I.ess: Bursarics, scholarships		and other discounts		(556,334)	(503,349)
is)ct Fees rcccivablc				2,408,872	2,776,732
Dial&tlrsctncnts				87,245	135,832
I:xtra tuition				23,571	20,f)12
I'.ntrancc Fees				3,150	2,136)
				2,522,838	2,935,312
Voluntary income
				2020	2019
Voluntary income
Donattons				21,025	6),072
Dunng thc year donations	For thc Imrcha c		of fixed assets ann&untcd	to $18,500 (2019')/1,	547)
Investment income
				2020	2019
Investment income
llsnit deposit intcrcst				10,188	2,589
Other resources expended
				2020	2019
Other resources expended
Intcrcst pavsl&le on bank loan		.r ' «Gr) vote 12		54,844	58,839
f)ther interest costs				233	921
				55,077	5'),76)0

Analysis oftotal r	eso	urces	expend	ed
							2020	2019
			Staffcosts		Other	Depreciation	Total	Total
Costs ofgenerating	funds
:Idvcltisillg atltl pubhcltl'			57,888		4'),893		107,781	107,804
Charitable activities
SChonl OpCfiltlllg COStS:
'I'caching ail&I suppoft		costs	1,896,517		101,C)52		1,998,169	1,979,336
C:storing and support costs			100,191		59,216		159,407	172,562
I'rcmiscs			145,951		164,606	83,362	393,919	398,970
Support and administration			14'),')39		97,370	42,139	289,448	298,252
Ctovernance cosrs					9,745		9,745	9,058
			2,292,598		432,589	125,501	2,850,688	2,858,178
Other resources expended
Interest parable on	l&ank loan				54,844		54,844	58,83')
Other. interest costs							233	921
					55,077		55,077	59,7C)0
			2,350,486		537,559	125,501	3,013,546	3,025,742
'I'otal rcsourccs cxpemled		include:
							2020	2019
)auditors' rclnuneration	For fnilht services			rxi/lri1')Ir	I'x1'I'		G,850	6,750
(1)ecrease)/Increase in Stock							(1,336)	3&3
Opcratmg lcasc rentals							7,006	5,603
Professional Illtlcnlllltl	lllsuflllcc		prclllnlin				664	651
Employees
Staff costs during thc	rear	were as	folio)vs:
							2020	2019
')N'ages and salancs							1,924,244	1,921,683
.Iocial scclll1tl' costs							162,G80	162,473
Other pcnsinll costs (note		17)					263,562	190,687
							2,350,486	2,274,843

			Freehold	Freehold		Fixtures&
			land and		Motor	fittings and	Computer
			buildings		vehicles	equipment	equipment	Total
Cost
At I September. 2019			4,601,570		97,307	558,147	335,17f)	5,592,200
Dlsposals					(2,080)	(105,278)	(73,788)	(181,14f))
Atltlltlons				40,800	8,500	6),101	13,414	68,815
At 31 August	2020		4,642,370		103,727	458,970	274,802	5,479,8f)9
Dcpfcclatton
At I Scptcml&er. 2019			1,231,738		87,064	520,416)	277,448	2,116,666
Dlsposals					(2,080)	(105,278)	(73,788)	(181,146))
Provided in thc vcar				83,362	5,261	14,605	22,273	125,501
At 31 August	2020		1,315,100		90,245	429,743	225,933	2,06)1,021
Nct book amount
Al 31 August	2020		3,327,270		13,482	29,227	48,869	3,418,848
Nct book amount
At 31 .Ingest	2019		3,3()9,832		10,243	37,731	57,728	3,475,534
Stocks
							2020	2019
Catcfu)g pfovlslnns,		n&ct'chanthsc		and hcatulg	fuel		1,242	2,578
Debtors
							2020	2019
'I'rallc debtors							42,317	25,632
()ther riel&tora							144,280
Prcpavments	and accrued		mcnmc				53,345	10t),418
							239,942	135,050

Non-canccllablc	opcfatltlg	Ic;Iscs '\vhlch	cxplfcI'	2020	2019
5lthln 2 to 5 'I	cars			12,G00	8,405

Present vahies	ofProvision
				2020	2019	2()18
					/'
I I.'cscnl vad&lc ot	pn)vislot'I			22,436	2:),3&6)	47,(747
Reconciliation	ofopening	an&1		closing provisions
					2020	2019
I Iovl)LOO It Still'I	Ol pCI'lo(l				25,356)	-17,9-17
L n)vul&lnlg ot rhc disco&alt llctol'				Fu I(crest cspcusc)		')21
Deficit contribution paid					(3,384)	F3,76)7)
Iten)cas&ll cnlcflts 'Lssluuptlous	—nllpalct ot 'ulv			ch)ulgc Iu	231
14'n)cas&)reluct)to	—'Illlcluhucuts		to Ihc conti'll&L)tlol)			F2(),628)
schc&lulc
Provision at elhi ofperiod					22,436	25,356

			2020		2019
Interest cxpcnsc			233		921
11emeasurements assi]alp tlons	—impact of any	change in	231
Remcasurcmcnts	—amenclments	to the contribution
schedule					(20,628)
Assumptions
		2020	2019	2018
		%per annum	%pcl'annual	%pcf	'ultlunl
1&ateofthscount		0.65	03)9	2.00

paval&lc. Amounts olving	paval&lc. Amounts olving	to pension s	chemes as at thc	chemes as at thc	vcar-cnd amounted to /'30,484 (2019	:$24,828).
Reconciliation ofnet		incoming	resources to		net cash inflow from operating	activities
					2020	201')
Nct (()utgolng) fcsoul'ccs					(45,489)	(50,531)
Ncl ultcfcst					44,889	56),250
Dcpfcciatlon					125,501	136,331
Dccfcasc / (Incfc;lsc) In		stocl&			1,336	(»3)
(Increase) /I')ccrcasc in	debtors				(104,892)	2,438
(Dccrc;Isc) / Incl'c;Isc In	cfctlltol. 's				(82,022)	71,190
(Dccrcase) in provision	tol' pension				(2,920)	(22,591)
Net cash (outlloiv) / mtlovv iriun operating				activities	(63,597)	192,734
Reconciliation of net		cash flow	to movement		in net debt
					2020	2019
I)ccfcalsc in calsh					(273,115)	(434)
Ital]IS loan I'cpm'nlcnts					95,814	91,720
Decrease in nct dcl&t					(177,301)	91,286)
Nct debt at I gcptcmber		201')			(6)-11.017)	(732,303)
Nct debt at 31 August 2020					(818,318)	(641,017)

Analy	sis ofchanges in net debt
		At		At
		31Aug 2020	Cash fla	1Sep 2019
Cash	at bank and in hand	345,034	(273,115)	618149
13ank	loan	(l, l63,352)	95,814	(1,259,166)
		(818,318)	(177,301)	(641,017)