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