##
##
||||||||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|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##