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||||||Page|
|---|---|---|---|---|---|
|Reference and administrative||details ofthe Company,|its Governors|and advisers|1-2|
|Governors'
report|||||3- 11|
|Independent
auditors'|report|on the financial statements|||12-14|
|Statement offinancial|activities||||15|
|Balance sheet|||||16|
|Statement ofcash flows||||||
|Notes to the financial|statements||||18-36|
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|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
||||Note|2020|2020f|2020
5|2019
E|
|Income from:||||||||
|Donations
and|legacies|||162,552|833,185|995,737|889,373|
|Charitable
activities||||2,958,331||2,958,331|3,438,827|
|Investments||||2,637|9,886|12,523|11,078|
|Other income||||880,336||880,336|3,583|
|Total income||||4,003,856|843,071|4,846,927|4,342,861|
|Expenditure
on:||||||||
|Charitable
activities|||7|3,801,513|9,886|3,811,399|3,585,439|
|Total expenditure||||3,801,513|9,886|3,811,399|3,585,439|
|Net losses on|investments||||(29,307)|(29,307)|(2,752)|
|Net income||||202,343|803,878|1,006,221|754,670|
|Transfers
between funds|||19|19,298|(19,298)|||
|Net movement|in funds|||221,641|784,580|1,006,221|754,670|
|Reconciliation|offunds:|||||||
|Total funds brought||forward||1,775,691|1,983,338|3,759,029|3,004,359|
|Net movement|in funds|||221,641|784,580|1,006,221|754,670|
|Total funds carried forward||||1,997,332|2,767,918|4,765,250|3,759,029|
##
|||Note||2020f||2019f|
|---|---|---|---|---|---|---|
|Fixed assets|||||||
|Tangible assets||13||6,162,707||4,226.352|
|Investments||14||172,076||201,383|
|||||6834,783||4,427,735|
|Current assets|||||||
|Stocks||15|10,412||10,412||
|Debtors||1IS|716,487||581,859||
|Cash at bank and|in hand||701,796||1,354,219||
||||1,428&695||1,946,490||
|Creditors: amounts|fa9ing due within one||||||
|year||17|(2,057,348)||(1,901,836)||
|Net current
liabilities Iassets||||(628,653)||44,654|
|Total assets less|current liabilities|||5,706,130||4,472,389|
|Creditors: amounts|falling due after more||||||
|than one year||18||(940,880)||(713,360)|
|Total net assets||||4,765,250||3,759,029|
|Charity funds|||||||
|Restricted funds||19||2,767,918||1,983,338|
|Unrestricted
funds||19||1,997,332||1,775,691|
|Total funds||||4,765,250||3,759,029|
##
##
|FOR THE|YEAR ENDED 31 AUGUST|2020|||
|---|---|---|---|---|
|||Note|2020f|2019
6|
|Cash flows from operating
activities|||||
|Net cash used in operating
activities||22|87,950|1,350,679|
|Cash flows from investing
activities|||||
|Dividends,
interests
and rents from investments|||12,523|11,078|
|Proceeds from the sale oftangible
fixed assets|||880,336||
|Purchase
oftangible
fixed assets|||(1,869,015)|(579,764)|
|Net cash used in investing
activities|||(976,156)|(568,686)|
|Cash flows from financing
activities|||||
|Cash inflows from new borrowing|||250,000|400,000|
|Repayments
ofborrowing|||(14,217)|(173,394)|
|Net cash provided
by financing
activities|||235,783|226,606|
|Change
in cash and cash equivalents
in|the year||(652,423)|1,008,599|
|Cash and cash equivalents
at the beginning|ofthe year||1,354,219|345,620|
|Cash and cash equivalents
atthe end of|the year|23|701,796|1,354,219|
|The notes on pages 18to 36 form part ofthese financial statements|||||
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2020
5|2020f|2020f|2019
5|
|Donations|||12,276|833,185|845,461|889,373|
|Government
grants|||150,276||150,276||
||||162,552|833,185|995,737|889,373|
|Total 2019|||26.134|863,239|889,373||
|Income from charitable||activities|||||
|||||Unrestricted|Total|Total|
|||||funds|funds|funds|
|||||2020f|2020
5|2019
F|
|Gross school fees billed||||2,660,084|2,660,084|3.099,410|
|Other ancillary income||||298,247|298,247|339,417|
|||||2,958,331|2,958,331|3,438,827|
|Total 2019||||3,438,827|3,438,827||
|Other ancillary income|||||||
||||||2020
5|2019f|
|Disbursements|||||164,222|177,155|
|Registration
fees|||||12,942|11.576|
|Accommodation|income||||12,295|17,185|
|Music department|||||84,505|103,771|
|Extra tuition|||||11,482|21,946|
|HH Society - Subscriptions|||||3,801|3,640|
|HH Society - Events income||||||4,144|
|Deposit retained|||||9,000||
||||||298,247|339,417|
##
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##
|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
|||||2020
6|2020
6|2020f|2019
5|
||Investment|income||2,637|9,886|12,523|11,078|
||Total 2019|||1,322|9,756|11,078||
|8,|Other incoming||resources|||||
||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2020|2020|2019|
||E|6|5|
|Rental income|||3,583|
|Property sales|880,336|880,336||
||880,336|880,336|3,583|
|Total 2019|3,583|3,583||
##
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##
||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2020f|2020
5|2020f|2019|
|Teaching|||1,475,139||1,475,139|1,299,434|
|Welfare|||642,538||642,538|717,085|
|Premises|||550,035||550,035|630,446|
|Grants, awards||&prizes|211,489|9,886|221,375|213,492|
|Support costs ofschooling|||819,102||819,102|664,759|
|Interest|||38,117||38,117|32,496|
|Bad debt provision|||50,000||50,000|15,000|
|Expenditure|on|governance|15,093||15,093|12.727|
||||3,801,513|9,886|3,811,399|3,585,439|
|Total2019|||3,573,408|12,031|3,585,439||
##
|||||||Total|Total|
|---|---|---|---|---|---|---|---|
||||Staff costs|Depreciation|Other costs|funds|funds|
||||2020
6|2020
f|2020
6|2020
6|2019f|
|Teaching|||1,377,098|47,862|50,179|1,475,139|1,299,434|
|Welfare|||459,365|29,250|153,923|642,538|717,085|
|Premises|||69,010|100,128|380,897|550,035|630,446|
|Grants, awards||&prizes|||221,375|221,375|213,492|
|Support costs ofschooling|||249,715||569,387|819,102|664,759|
|Interest|||||38,117|38,117|32,496|
|Bad debt provision|||||50,000|50,000|15,000|
|Expenditure|on|governance|||15,093|15,093|12,727|
||||2,155,188|177,240|1,478,971|3,811,399|3,585,439|
|Total 2019|||1,963,456|162,750|1,459,233|3,585,439||
##
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##
|Support costs ofsc|hooling||||||
|---|---|---|---|---|---|---|
||||||2020|2019|
||||||5|5|
|Sundry expenses|||||7,807|6,550|
|Office expenses|||||35,993|58,443|
|Membership
&subscriptions|||||7,161|7,648|
|ITcosts|||||93,835|60,780|
|Advertising|||||65,669|52,159|
|Website|||||16,468|883|
|Professional fees|||||176,404|31,463|
|Travel and vehicle expenses|||||36,574|53,030|
|Clothing,
excursions|and activity|programmes|||123,428|155,361|
|HH Foundation
& HH Society|||||3,448|29,383|
|Conference costs|||||2,600|3,025|
|Wages 8 salaries|||||249,715|206,034|
||||||819,102|664,759|
|Auditors'
remuneration|||||||
||||||2020|2019|
||||||6|5|
|Fees payable to the|Company's|auditor||for the audit ofthe Company's|||
|annual accounts|||||11,220|10,890|
|Fees payable to the|Company's|auditor||in respect of:|||
|All non-audit
services not included|||above||3,759|1,102|
##
|Staff costs|||
|---|---|---|
||2020f|2019
F|
|Wages and salaries|1,781,643|1,642,076|
|Social security costs|159,826|141,511|
|Pension costs|213,719|179,869|
||2,155,188|1,963,456|
##
##
##
|||2020|2019|
|---|---|---|---|
|||No.|No,|
|Teaching|staff|40|38|
|Others||43|44|
|||83|82|
|The average headcount|expressed as full-time|equivalents|was:|||
|---|---|---|---|---|---|
|||||2020|2019|
|||||No.|No.|
|Teaching staff||||26|22|
|Others||||26|27|
|||||52|49|
||||||2020|2019|
|---|---|---|---|---|---|---|
||||||No.|No.|
|In|the|band|f80,001|- F90.000|2|2|
##
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##
##
|||||||2020f|2019
5|
|---|---|---|---|---|---|---|---|
|Depreciation|ofthe cricket pavilion|from|restricted|funds||1,218|1,187|
|Depreciation|ofthe portable fiood|lights from restricted
funds|||||2,901|
|Depreciation|ofthe electronic scoreboard||from restricted
funds|||3,097|3,097|
|Funds spent|on the cricket pavilion|||||(742)||
|Funds spent|on new lower school|&design technology
projects||||15,725|187,815|
|||||||19,298|195,000|
|Tangible fixed assets||||||||
|||||Freehold|Motor|Fixtures and||
|||||property|vehicles|fittings|Total|
|||||E|6||6|
|Cost or valuation||||||||
|At 1 September 2019||||5,201,484|69,759|1,035,325|6,306,568|
|Additions||||2,077,913||35,683|2,113,596|
|Disposals||||(14,500)||(8,437)|(22,937)|
|At 31 August|2020|||7,264,897|69,759|1,062,571|8,397,227|
|Depreciation||||||||
|At 1 September 2019||||1,258,541|66,086|755,589|2,080,216|
|Charge for the year||||100,727|2,025|74,488|177,240|
|On disposals||||(14,500)||(8,436)|(22,936)|
|At 31 August|2020|||1,344,768|68,111|821,641|2,234,520|
|Net book value||||||||
|At 31 August|2020|||5,920,129|1,648|240,930|6,162,707|
|At 31 August|2019|||3,942,943|3,673|279,736|4,226,352|
##
##
##
||FOR THE YEAR ENDED 31 A|FOR THE YEAR ENDED 31 A|UGUST 2020||
|---|---|---|---|---|
|14.|Fixed asset investments||||
|||||Listed|
|||||securities|
|||||6|
||Cost or valuation||||
||At 1 September 2019|||201,383|
||Revaluations|||(29,307)|
||At 31August|2020||172,076|
||Material investments||||
||||2020f|2019
6|
||BlackRock Investments||54,676|56,085|
||M&G Charifund||114,154|141,439|
||||168,830|197,524|
|15.|Stocks||||
||||2020f|2019f|
||Consumables||10,412|10,412|
|16.|Debtors||||
||||2020|2019|
||||5|6|
||Trade debtors||546,205|458,500|
||Other debtors||5,289||
||Prepayments|and accrued income|164,993|123,359|
||||716,487|581.859|
##
##
##
##
##
||||||2020|2019|
|---|---|---|---|---|---|---|
||||||6|5|
|Bank loans|||||38,876|51,873|
|Trade creditors|||||63,577|193,724|
|Other taxation and||social security|||36,603|36,035|
|Fees in|advance||||1,247,499|1,196,269|
|Other creditors|||||327,483|200,865|
|Accruals|and deferred||income||343,310|223,070|
||||||2,057,348|1,901,836|
||||||2020|2019|
||||||6|5|
|Deferred|income at 1 September|||2019|1,290,856|1,194,665|
|Resources deferred||during the year|||1,234,388|1,338,736|
|Amounts|released|from previous||periods|(1,195,009)|(1,242,545)|
||||||1,330,235|1,290,856|
##
##
|||2020|2019|
|---|---|---|---|
|||5|5|
|Bank loans||913,953|665,173|
|Fees in advance||26,927|48,187|
|||940,880|713,360|
|Included
within the above are amounts|falling due as follows:|||
|||2020|2019|
||||5|
|Between one and two years||||
|Bank loans||69,135|51,873|
|Between two and five years||||
|Bank loans||633,613|408,727|
|Over five years||||
|Bank loans||211,205|204,573|
##
##
##
||||||2020f|2019
5|
|---|---|---|---|---|---|---|
|Payable|or|repayable|by|instalments|225,952|204,573|
||||||225,952|204,573|
##
##
||Balance at 1|||||Balance at|
|---|---|---|---|---|---|---|
||September|||Transfers|Gains/|31August|
||2019
6|Income
6|Expenditure
6|in/outf|(Losses)|2020
6|
|Unrestricted|||||||
|funds|||||||
|Designated|||||||
|funds|||||||
|Designated|||||||
|property|922,751||(50,895)|15,725||887,581|
|General funds|||||||
|General fund|852,940|4,003,856|(3,750,618)|3,573||1,109,751|
|Total|||||||
|Unrestricted|||||||
|funds|1,775,691|4,003,856|(3,801,513)|19,298||1,997,332|
|Restricted|||||||
|funds|||||||
|Bursary|201,383|31,979|(9,886)||(29,307)|194,169|
|Presentation|60,791|3,330||(3,573)||60,548|
|Development|91,328|58,005||(15,725)||133,608|
|Theatre|1,629,836|749,757||||2,379,593|
||1,983,338|843,071|(9,886)|(19,298)|(29,307)|2,767,918|
|Total offunds|3,759,029|4,846,927|(3,811,399)||(29,307)|4,765,250|
##
##
##
##
|Statemen|t offu|nds|- prior year||||||
|---|---|---|---|---|---|---|---|---|
||||Balance at|||||Balance at|
|||1|September
2018|Income|Expenditure|Transfers
in/out|Gains/
(Losses)|31 August
2019|
||||E|6|6|6|5|6|
|Unrestricted|||||||||
|funds|||||||||
|Designated|||||||||
|funds|||||||||
|Designated
property|||778,481||(43,545)|187,815||922,751|
|General|funds||||||||
|General|fund||908,027|3,469,866|(3,532,138)|7,185||852,940|
|Total|||||||||
|Unrestricted|||||||||
|funds|||1,686,508|3,469,866|(3,575,683)|195,000||1,775,691|
|Restricted|||||||||
|funds|||||||||
|Bursary|||204,135|9,756|(9,756)||(2,752)|201,383|
|Presentation|||67,976|||(7,185)||60,791|
|Development|||210,629|68,514||(187,815)||91,328|
|Theatre|||835,111|794,725||||1,629,836|
||||1,317,851|872,995|(9,756)|(195,000)|(2,752)|1,983,338|
|Total of|funds||3,004,359|4,342,861|(3,585,439)||(2,752)|3,759,029|
#
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##
|Summary|offun|ds - current yea|r|||||
|---|---|---|---|---|---|---|---|
|||Balance at 1|||||Balance at|
|||September|||Transfers|Gainsi|31August|
|||2019f|Income
6|Expenditure
f|in/out
5|(Losses)
6|2020
5|
|Designated||||||||
|funds||922,751||(50,895)|15,725||887,581|
|General funds||852,940|4,003,856|(3,750,618)|3,573||1,109,751|
|Restricted|funds|1,983,338|843,071|(9,886)|(19,298)|(29,307)|2,767,918|
|||3,759,029|4,846,927|(3,811,399)||(29,307)|4,765,250|
|Summary|offunds - prior year|||||||
|||Balance at|||||Balance at|
|||1 September|||Transfers|Gains/|31August|
|||2018|Income|Expenditure|in/out|(Losses)|2019|
|||E|5|5||5|E|
|Designated||||||||
|funds||778,481||(43,545)|187,815||922,751|
|General funds||908,027|3,469,866|(3,532,138)|7,185||852,940|
|Restricted|funds|1,317,851|872,995|(9,756)|(195,000)|(2,752)|1,983,338|
|||3,004,359|4,342,861|(3,585,439)||(2,752)|3,759,029|
##
##
##
##
##
|Analysis ofnet assets between
funds
Analysis ofnet assets between funds - current period||||
|---|---|---|---|
||Unrestricted|Restricted|Total|
||funds|funds|funds|
||2020|2020|2020|
|||6|6|
|Tangible fixed assets|3,452,119|2,710,588|6,162,707|
|Fixed asset investments||172,076|172,076|
|Current assets|1,298,860|129,835|1,428,695|
|Creditors due within one year|(1,812,767)|(244,581)|(2,057,348)|
|Creditors due in more than one year|(940,880)||(940,880)|
|Total|1,997,332|2,767,918|4,765,250|
|Analys)s ofnet assets between funds - prior period||||
||Unrestricted|Restricted|Total|
||funds|funds|funds|
||2019
6|2019
6|2019f|
|Tangible fixed assets|3,555,483|670,869|4,226,352|
|Fixed asset investments||201,383|201,383|
|Current assets|835,404|1,111.086|1,946,490|
|Creditors due within one year|(1.901,836)||(1,901,836)|
|Creditors due in more than one year|(713,360)||(713,360)|
||1,775,691|1,983,338|3,759,029|
##
##
##
##
|||||2020
6|2019f|
|---|---|---|---|---|---|
||Net income for the period (as per Statement||of Financial Activities)|1,006,221|754,670|
||Adjustments
for:|||||
||Depreciation
charges|||177,240|162,750|
||Loss on investments|||29,307|2,752|
||Dividends,
interests
and rents from investments|||(12,523)|(11,078)|
||Loss/(profit)
on the sale offixed assets|||(880,336)|1,525|
||Decrease/(increase)
in debtors|||(134,628)|60,683|
||Increase/(decrease)
in creditors|||(97,331)|379,377|
||Net cash provided
by operating|activities||87,950|1,350,679|
|23.|Analysis ofcash and cash equivalents|||||
|||||2020
f|2019
E|
||Cash in hand|||701,796|1,354,219|
||Total cash and cash equivalents|||701,796|1,354,219|
|24.|Analysis ofchanges
in net debt|||||
||||At 1||At 31|
||||September||August|
||||2019|Cash flows|2020|
|||||K|E|
||Cash at bank and in hand||1,354,219|(652,423)|701,796|
||Debt due within
1 year||(51,873)|12,997|(38,876)|
||Debt due after 1 year||(665,173)|(248,780)|(913,953)|
||||637,173|(888,206)|(251,033)|
##
##
##
||||2020|2019|
|---|---|---|---|---|
||||6|6|
|Not later than||1 year|64,374|72,166|
|Later than|1 year and not later than 5years||126,802|168,907|
|Later than|5years|||11,101|
||||191,176|252,174|
##
##