2021-08-31-accounts

							Page
Reference and Administrative		Details ofthe Company,		its Governors	and	Advisers	1-2
Governors' Report							3-9
Statement ofGovernors' Responsibilities							10
Independent Auditor's	Report	on the Financial	Statements				11-14
Statement of Financial	Activities (Incorporating		Income	and Expenditure		Account)	15
Balance Sheet							16
Statement ofCash Flows							17
Notes to the Financial	Statements						18-32

Governors	M G Billington
	P R Goodfellow, Chair of Governors
	E EGuest (appointed	9 February	2021)
	L Jamil (appointed 26 January 2021)
	C Kean
	F E Morgan
	Rev M R Poole
	W M Roberts, Chair	of Education	(resigned 9March 2021)
	SA Rogers (resigned	26 January	2021)
	A W Stembridge
	J M Tudor (resigned	10November	2020)
	A PWatson-Lee, Chair ofFinance
	SWilloughby (appointed 26 January 2021)

Company	registered	registered
number			00733644
Charity registered
number			307328
Registered		office	Fernhill Lane
			New Milton
			Hampshire
			BH25 5SU
Company	secretary		R Munro Southern
Independent		auditor	Nexia Smith &Williamson
			Chartered Accountants
			Statutory Auditor
			4th Floor Cumberland		House
			15-17Cumberland	Place
			pton
			SO152BG

					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
					2021	2021	2021	2020
				Note	K	R	f.
Income from:
Donations and legacies						325,107	325,107
Charitable activities					6,197,157		6,197,157	5,049,913
Other trading activities					23,751		23,751	18,297
Investments					80,858		80,858	100,781
Other income					117,420		117,420	195,319
Total income					6,419,186	325,107	6,744,293	5,364,310
Expenditure on:
Costs of raising funds: management fees			Investment		12,753		12,753	11,229
Charitable activities				8	5,889,111		5,889,111	5,605,908
Total expenditure					5,901,864		5,901,864	5,617,137
Net gains/(losses)	on investments				374,655		374,655	(23,553)
Net income					891,977	325,107	1,217,084	(276,380)
Transfers between	funds				119	(119)
Net movement in funds and net income/(expenditure) for the year					892,096	324,988	1,217,084	(276,380)
Reconciliation of	funds:
Total funds brought		forward			7,351,062		7,351,062	7,627,442
Net movement in funds					892,096	324,988	1,217,084	(276,380)
Total funds carried		forward			8,243,158	324,988	8,568,146	7,351,062

		BALANCE SHEET	BALANCE SHEET
		AS AT 31	AUGUST 2021
				2021		2020
		Note
Fixed assets
Tangible assets		12		2,734,959		2,810,734
Investments		13		4,113,002		3,673,234
				6,847,961		6,483,968
Current assets
Stocks		14	9,322		5,728
Debtors		15	154,579		129,784
Cash at bank and	in hand		3,139,231		2,181,248
			3,303,132		2,316,760
Creditors' .amounts	falling due within one
year		16	(1,582,947)		(1,291,108)
Net current assets				1,720,185		1,025,652
Total assets less	current liabilities			8,568,146		7,509,620
Provisions for liabilities		18				(158,558)
Total net assets				8,568,146		7,351,062
Charity funds
Restricted funds				324,988
Unrestricted funds				8,243,158		7,351,062
Total funds				8,568,146		7,351,062

					Note	2021f	2020
Cash flows from operating		activities
Net cash used in operating	activities				19	1,095,968	266,931
Cash flows from investing		activities
Dividends and other income		from investments				77,866	89,852
Purchase oftangible fixed assets						(153,730)	(22,011)
Purchase ofinvestments						(3,395,848)	(1,717,570)
Sales offixed asset investments						3,330,735	1,638,947
Bank interest received						2,992	10,929
Net cash (used in)/provided		by investing		activities		(137,985)	147
Change in cash and cash		equivalents	in the year			957,983	267,078
Cash and cash equivalents		at the beginning		ofthe year		2,181,248	1,914,170
Cash and cash equivalents		at the end	ofthe year		20	3,139,231	2,181,248

			Unrestricted	Total	Total
			funds	funds	funds
			2021 R	2021 K	2020f
School fees			6,633,886	6,633,886	5,525,172
Extras			81,962	81,962	76,014
Entrance fees			18,218	18,218	20,985
Less scholarships,	bursaries	and other allocations	(536,909)	(536,909)	(572,258)
			6,197,157	6,197,157	5,049,913

		Unrestricted	Total	Total
		funds	funds	funds
		2021	2021	2020
		K	f,
Holiday and other lettings		23,428	23,428	17,606
Insurance	income	323	323	691
		23,751	23,751	18,297

		Unrestricted	Total	Total
		funds	funds	funds
		2021	2021	2020
			K
Interest receivable		2,992	2,992	10,929
Investment	income	77,866	77,866	89,852
		80,858	80,858	100,781

		Unrestricted	Total	Total
		funds	funds	funds
		2021	2021	2020
		K	E
Other income		66,768	66,768	8,421
Furlough	income	50,652	50,652	186,898
		117,420	117,420	195,319

Analysis oftotal resources e	xpenditure
	Staffcosts	Depreciationf	Otherf	Total 2021	Total 2020
(a) Charitable expenditure
Education	3,616,945	81,170	205,237	3,903,352	3,911,754
Housekeeping	215,279	13,812	267,937	497,028	384,891
Establishment	218,640	127,465	467,500	813,605	641,386
Finance costs (8c)			3,965	3,965	3,562
Support costs (8b)	440,656	7,058	223447	671 161	664,315
	4491,520	229,505	1,168086	5,889111	5605,906
(b) Support costs				2021f	2020f
Wages and salaries				440,656	404,907
Marketing				52,192	54,575
Legal and professional				27,514	51,675
IT				57,799	53,860
Insurance				43,770	52,593
Other office costs				30,951	28,023
Depreciation				7,058	7,665
Governance costs (8d)				11,222	11,017
				671,161	664,315
				2021f	2020f
(c) Finance costs
Finance charges				3965	3,562
(d) Governance costs				2021f	2020f
Audit fee				10,900	10,595
Governance support costs				322	422
				11,222	11,017

				2021	2020
				E
Auditor's	remuneration	- audit		10,900	10,595
Auditor's	remuneration	-other services		775	775
Operating	lease rentals			78,526	71,832
Gain on	sale ofinvestments			(204,469)	(5,323)
(Gain)/loss on revaluation			ofinvestments	(170,186)	28,876

Staff costs
					2021	2020
					E
Wages and	salaries				3,530,102	3,494,064
Social security		costs			336,847	301,605
Contribution	to	defined	contribution	pension schemes	618,765	599,105
Compensation		costs			5,806	121
					4,491,520	4,394,895

	2021	2020
	No.	No.
Administration	12	'/2
Educational	'70	71
Establishment	9	9
Housekeeping	9	9
	100	101

				2021	2020
				No.	No.
In	the	band	f60,001 - 870,000	1	1
In	the	band	f70,001 - f80,000	1	1
In	the	band	F100,001 - f110,000

	Freehold	Furniture,
	buildings and	fittings 8	Computers
	improvements	equipment	&equipment	Total
				R
Cost
At 1 September 2020	5,402,433	326,895	400,604	6,129,932
Additions		124,319	29,411	153,730
At 31August 2021	5,402,433	451,214	430,015	6,283,662
Depreciation
At 1 September 2020	2,792,609	230,077	296,512	3,319,198
Charge for the year	121,545	39,466	68,494	229,505
At 31August 2021	2,914,154	269,543	365,006	3,548,703
Net book value
At 31August 2021	2,488,279	181,671	65,009	2,734,959
At31August 2020	2,609,824	96,818	104,092	2,810,734

				Listed and
				other
				investmentsf
	Cost or valuation
	At 1 September 2020			3,673,234
	Additions			3,395,848
	Disposal proceeds			(3,126,266)
	Gain on revaluation			170,186
	At 31August	2021		4,113,002
	INarket value
	At 31August	2021		4,113,002
	At 31August	2020		3,673,234
14.	Stocks
			2021f	2020
	Consumables		9,322	5,728
15.	Debtors
			2021f	2020
	Trade debtors		71,525	902
	Other debtors		10,984	70,762
	Prepayments	and accrued income	72,070	58,120
			154,579	129,784