## ## ## |||PAGE| |---|---|---| |Charitable
company
information||| |Report ofthe|Trustees|2-6| |Independent|auditor's
report|7 —11| |Consolidated|statement
offinancial activities|12 —13| |Consolidated|balance sheet|14| |Balance sheet||15| |Consolidated|cash flow statement|16| |Notes to the|financial statements|17-32| ## ## |Company|registered|registered|number|00856842|||||| |---|---|---|---|---|---|---|---|---|---| |Charity registered||number||307530|||||| |Registered|office:|||58 - 60 Shakespeare||Road|||| |||||BEDFORD|||||| |||||Bedfordshire|||||| |||||MK40 2DL|||||| |Directors|(Council):|||Mr G M Bates|OBE|(resigned 30April 2021)|||| |||||Mr SJ Williamson
(resigned 30 April 2021)|||||| |||||Mr C Simmonds
(resigned||||30 April 2021)|| |||||Mr
I R Flack|||||| |||||Mr B H Thompson||(resigned 30April 2021)|||| |||||Mr D Eyton Williams||(Chairman)|||| |||||Mr M J Grafton|(resigned||25 November||2020)| |||||Mrs M J Burt|(resigned 30|||April 2021)|| |||||Mr J J Leydon|||||| |||||Mrs D P Lennie
(resigned||||30 April 2021)|| |||||Mr A T Knight|(resigned 30April 2021)||||| |||||Mrs E P Coley|(appointed|||10Sept 2020, resigned 30 April|| |||||2021)|||||| |||||Mr A Whiteley|(appointed||17March 2021)||| |Bankers:||||HSBC Bank pic|||||| |||||12Allhallows|||||| |||||BEDFORD|||||| |||||Bedfordshire|||||| |||||MK40 1LJ|||||| |Auditors:||||Grant Thornton|UK|LLP|||| |||||Statutory
Auditor|||||| |||||Chartered
Accountants|||||| |||||Victoria House|||||| |||||199Avebury
Boulevard|||||| |||||Milton Keynes|||||| |||||MK9 1AU|||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||||Total funds|Total funds| |---|---|---|---|---|---|---|---|---|---| |||||||||2021|2020| ||||||||Note|F|| |Income from:|||||||||| |Charitable
activities|||||||||| |Fees receivable||||||||3,636,280|5,097,310| |Meal income||||||||134,135|128,396| |CJRS income (restricted||income)||||||65,233|462,681| |Donations
and legacies
Activities for generating
Investments||funds||||||43,510
15,571
218|48,756
21,383
19,370| |Other income|||||||||| |Rental income||||||||100,000|| |Profit on disposal of
Other income|asset|||||||60,000
11,468|31,514| |Total income||||||||4,066,415|5,809,410| |Expenditure
on:|||||||||| |Raising funds
Ancillary
trading||||||||22,195|8,888| |Charitable
activities|||||||||| |Education||||||||3,230,798|5,363,094| |Impairment
charge||||||||848,836|| |Donation
made to Bedford Greenacre
School Limited|||||Independent|||95,114|| |Total expenditure||||||||4,196,943|5,371,982| |Total net income||||||||(130,528)|437,428| |Reconciliation
offunds|||||||||| |Total funds brought|forward||at|1 September||2020||7,902,424|7,464,996| |Total funds carried|forward|||at 31 August||2021||7,771,896|7,902,424| ## ## ## ## ||||Note||2021||2020| |---|---|---|---|---|---|---|---| |Fixed assets|||||||| |Tangible assets|||||6,828,486||6,361,334| |Current assets|||||||| |Debtors
Cash at bank|||7|2,270,049||264,699
1,864,302|| |Creditors: amounts|falling due|||2,270,049||2,119,001|| |within one year||||(326,639)||(667,911)|| |Net current assets|||||1,943,410||1,561,091| |Total assets less cur'rent||liabilities|||7,771,896||7,902,424| |Funds|||||||| |Unrestricted
funds|||||||| |Development
reserve
General
fund|||14
14||7,77'I,896||2,000,000
5,902,424| ||||||7,771,896||7,902,424| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |each ass|et based on current
ma|rket prices, over its expe| |---|---|---| |Freehold|land|nil| |Freehold|buildings|40 —50years| |Furniture||5 —10years| |Fixtures|and fittings|5 —10years| |Motor vehicles||3 —5 years| |Computer|equipment|3 —4 years| ## ## ## ## ## ## ## ## ## ## |Fees receivable|||2021|2020| |---|---|---|---|---| ||||E|E| |The school fees income|comprises|||| |Gross fees|||3,986,300|5,496,818| |Less: Total scholarships,|bursaries,|etc.|(350,020)|(399,508)| ||||3,636,280|5,097,310| |Charitable
activities —co|mpany|||| |---|---|---|---|---| |Fees receivable|||2021|2020| ||||F|| |The school fees income
Gross fees|comprises||2,500,336|3,513,013| |Less: Total scholarships,|bursaries,|etc.|(242,498)|(274,768)| ||||2,257,838|3,238,246| ## ## ## ## |a) Total expenditure||||||| |---|---|---|---|---|---|---| |||Staff|Depreciation|Support||| |||costs||costs|Total|Total| |||(Note 4)
f|(note 5)||2021
f.|2020
f.| |Cost of raising funds
Ancillary
trading||||22,195|22,195|8,888| |Total cost ofgenerating|funds|||22,195|22,195|8,888| |Charitable
expenditure
Teaching
Welfare||2,246,710
84,618||102,837
1,537|2,367,547
86,155|3,770,515
125,313| |Premises||112,825|84,058|296,530|493,413|686,827| |Impairment
charge|||848,836||848,836|| |School administration||||||| |and governance||163,642|8,915|111,126|283,683|780,439| |Total charitable
expenditure||2,625,795|941,809|512,030|4,079,634|5,363,094| |Other expenditure
Donation
made||||95,114|95114|| |Total other expenditure||||95,114|95,114|| |Total Expended||2,625,795|941,809|629,339|4.196.943|5,371,982| |b) Governance
included|in support costs||||2021|2020| ||||||F|| |Remuneration
paid to auditor for audit services
Other non-audit
services|||||27,750
11,500|24,525
3,250| ||||||39,250|27,775| ## ## ## ## |a) Total expenditure||Staff|Depreciation|Support||| |---|---|---|---|---|---|---| |||costs||costs|Total|Total| |||(Note 4)|(note 5)||2021|2020| ||||F|F|F|| |Cost of raising funds
Ancillary
trading||||22,195|22,195|8,888| |Total cost ofgenerating|funds|||22,195|22,195|8,888| |Charitable
expenditure
Teaching
Welfare||1,428,690
37,689||72,469
238|1,501,159
37,897|2,405,233
57,809| |Premises||43,503|80,243|114,731|238,477|365,291| |Impairment
charge|||848,836||848,836|| |School administration||||||| |and governance||128,251|7,122|54,933|190,306|460,157| |Total charitable
expenditure||1,638,103|936,201|242,371|2,816,675|3,288,490| |Other expenditure
Donation
made||||524,677|524,677|| |Total other expenditure||||524,677|524 677|| |Total Expended||1,638,103|936,201|(260,111)|2,314,193|3,297,378| |b) Governance
included|in support costs||||2021|2020| ||||||F|F| |Remuneration
paid to auditor for audit services
Other non-audit
services|||||15,750
9,250|14,500
2,175| ||||||25,000|16,675| ## ## ## |Particulars|o|femployees||||| |---|---|---|---|---|---|---| |||||The Group|The|Company| ||||2021|2020|2021|2020| ||||No|No|No|No| |Administrative|||7|11|5|5| |Teaching
Domestic|||53
6|64
11|41
3|47
6| |Maintenance|||6|12|2|6| |Classroom|assistants||32|59|9|24| ||||104|157|60|88| |The aggregate||payroll costs ofthe above were:||||| |||||The Group|The|Company| ||||2021|2020|2021|2020| ||||F|||| |Wages and salaries
Social security costs
Pension costs|||2,093,062
190,007
342,726|3,411,774
294,251
538,105|1,242,575
135,766
259,762|2,053,322
206,969
394,813| |Redundancy|payments|||20,794||| ||||2,625,795|4,264,924|1,638,103|2,655,104| |ere:||||| |---|---|---|---|---| ||The|Group|The|Company| |2021||2020|2021|2020| |No||No|No|No| ## ## ## |Tangible fixed assets|||||| |---|---|---|---|---|---| |||Furniture|||| ||Freehold|fixtures and|Motor|Computer|| ||property
f|fittings|vehicles
F|equipment
E|Total
E| |Group|||||| |Cost|||||| |At 1 September 2020
Additions|8,669,461
484 456|339,247
15041|130,891
-|419,394
1,599|9,558,994
501,096| |Donations
made to Bedford Greenacre|||||| |Independent
School Limited||(354,288)|(130,891)|(420,994)|(906,173)| |At 31 August 2021|9,153,917||||9,153,917| |Depreciation|||||| |At 1 September 2020|2,400,099|297,407|115,502|394,653|3,207,661| |Provided
in the year
Impairment
charge|76,496
848,836|7,562|4,611|4,304|92,973
848,836| |Donation disposals||(304,969)|(120,113)|(398,957)|(824,039)| |At 31 August 2021|3,325,431||||3,325,431| |Net book value at|||||| |31 August 2021|5,828,486||||5,828,486| |Net book value at|||||| |31 August 2020|6,269,363|41,839|15,390|24,742|6,351,334| ## ## |Tangible fixed assets|(conti|nued)||||| |---|---|---|---|---|---|---| ||||Furniture|||| |||Freehold|fixtures and|Motor|Computer|| |||property
E|fittings
f|vehicles
E|equipment
E|Total
E| |Company||||||| |Cost||||||| |At 1 September 2020
Additions||7,531,751
484,455|181,434|103,05'I|331,885
1,599|8,148,121
486,054| |Donations
made to Bedford||||||| |Greenacre
Independent|School|||||| |Limited|||(181,434)|(103,051)|(333,484)|(617,969)| |Donations
received from|St. Andrew' s|||||| |School (Bedford) Limited||3,000,000||||3,000,000| |At 31 August 2021||11,016,206||||1 'I,016,206| |Depreciation
At 1 September 2020
Provided
in the year
Impairment
charge
Donation disposals||1,779,113
76,496
848,836|167,262
3,747
(171,009)|87,662
4,611
(92,273)|326,473
2,511
(328,984)|2,360,510
87,365
848,836
(592,266)| |At 31 August 2021||2,704,445||||2,704,445| |Net book value at||||||| |31 August 2021||8,311,761||||8,311,761| |Net book value at||||||| |31 August 2020||5,752,638|14,172|15,389|5,412|5,787,61'I| |All assets are held for charitable||purposes.||||| ## ||The|Group|The|Company| |---|---|---|---|---| |2021||2020|2021|2020| |No||No|No|No| ## ## |The following
extracts are f|rom the audited
acc|ounts for th|e y|ear ended|31 A|ugust 2021:|| |---|---|---|---|---|---|---|---| |||||||Funds at|Deficit| |Company|Country of
incorporation|Company
status||Nature of
business||31 August
2021|for
the year| |St.Andrew's
School|||||||| |(Bedford) Limited—|||||||| |Company
No: 00866338
Charity
No: 307531|England|Limited
by
guarantee||Provision
of
education|||~940,255| ## |Its results for the year are|summarise|d
below:|||| |---|---|---|---|---|---| |||||2021|2020| |||||E|| |Incoming
resources
Resources expended
Donation
made to Bedford Greenacre||Independent|School Ltd|1,459,220
(1,262,959)
(619,791)|2,088,011
(2,074,604)| |Donation
made to Greenacre|Trust Ltd|||516,725|| |Net outgoing
resources||||(940,255)|13,407| ## |Debtors||||| |---|---|---|---|---| |||The Group|The|Company| ||2021|2020|2021|2020| ||||F|F| |Fees receivable||113,611||42,639| |Prepayments
Other debtors||111,296
29,792||110,306
321| |||254,699||153,266| ## ## |||||The Group|The|Company| |---|---|---|---|---|---|---| ||||2021|2020|2021|2020| |||||E|f|F| |Trade creditors|||172,568|16,593|172,568|16,593| |Social security
Fees received|and other
in advance|taxes||89,499
201,269||54,470
158,491| |Other creditors|||154,071|231,336|154,071|156,632| |Accruals||||29,214||17,691| |Amounts
due to subsidiary||company||||10,283| ||||326,639|567,911|326,639|414,160| ## ## ## ## ## ## ## ## ## ## ## ## |||Designated|General|2021|2020| |---|---|---|---|---|---| |Group||reserve|fund
F|Total
f|Total
E| |Balance brought|forward|2,000,000|5,902,424|7,902,424|7,464,996| |Transfer
Net incoming
resources||(2,000,000)
-|2,000,000
~130,528|~130,528|437,428| |Balance carried|forward||7,771,896|7,771 896|7,902,424| |||Designated|General|2021|2020| |Company||Reserve
E|fund
f|Total
F|Total
E| |Balance brought|forward|2,000,000|4,962,170|6,962,170|6,538,147| |Transfer
Net incoming
resources||(2,000,000)|2,000,000
3,293 001|3 293 001|424,023| |Balance carried|forward||10,255,171|10255 171|6,962,170| ## ## ## ## ||||The Group||The|Company| |---|---|---|---|---|---|---| |||Unrestricted|Total|Unrestricted||Total| |||funds|funds|funds||funds| |||2021|2021|2021||2021| ||||E|F||F| |Tangible|fixed assets|5,828,486|5,826,776|8,311,761||8,310,051| |Current|assets|2,270,049|2,270,049|2,270,049||2,270,049| |Current|liabilities|(326,639)|(324,929)|(326,639)||(324,929)| |Net assets||7,771,896|7,771,896|10,255,171|10,255,171|| ||||The Group||The|Company| |||Unrestricted|Total|Unrestricted||Total| |||funds|funds|funds||funds| |||2020|2020|2020||2020| |||E|F|F||E| |Tangible
Current|fixed assets
assets|6,351,334
2,119,001|6,351,334
2,119,001|5,787,611
1,588,718|5,787,611
1,588,718|| |Current|liabilities|(567,911)|(567,9'i 1)|(414,160)||(414,160)| |Ntass|ts|7,902,424|7,902,424|6,962,170|6,962,170|| ## |The Group|The Group|||2021||2020| |---|---|---|---|---|---|---| |||||Leasehold||Leasehold| |||||and||and| ||||Other|buildings|Other|buildings| ||||f,|f.||| |Operating
Within
1
Between|leases which expire:
year
1 and 5years||||20,584|69,600
271,567| ## ## |The Company|The Company||2021
Leasehold||2020
Leasehold| |---|---|---|---|---|---| ||||and||and| |||Other|buildings|Other|buildings| ||||f.|E|E| |Operating
Within
1
Between|leases which expire:
year
1 and 5years|||10,292|2,000
1,167| ## ## ## ## ## |||Greenacre|St. Andrew' s|Total|Total| |---|---|---|---|---|---| |||2021|2021|2021|2020| |Incoming
from:||E|F||E| |Charitable
activities|||||| |Fees receivable||2,257,838|1,378,442|3,636,280|5,097,310| |Meal income||94,899|39,236|134,135|128,396| |CJRS income||39,916|25,317|65,233|462,681| |Donations
and legacies
Activities for generating
funds
Investments||34,819
15,571
102|8,691
116|43,510
15,571
218|48,756
21,383
19,370| |Other income|||||| |Rental income||100,000||100,000|| |Profit on disposal
ofasset
Other income||60,000
4,051|7,417|60,000
11,468|31,515| |Total income||2,607,196|1,459,219|4,066,415|5,809,410| |Expenditure
on:|||||| |Raising funds
Ancillary
trading||22,195||22,195|8,888| |Charitable
activities|||||| |Teaching
Welfare||1,501,159
37,897|866,388
48,257|2,367,547
86,154|3,770,515
125,313| |Premises||238,477|254,936|493,413|686,827| |Impairment
charge
School administration|and governance|848,836
i90,306|93,378|848,836
283,684|780,439| |Donations
made to Bedford Greenacre
Independent
Ltd||(524,677)|619,791|95,114|| |Total expenditure||2,314,193|1,882,750|4,196,943|5,371,982| |Total surplus/(deficit)|for the year|293,003|423,531||| ||CD 41||||||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||CD||||||||||||||P)||||||||| ||CV||||||||||||||lA||||||||| ||C60
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I| ## ## |Fixed assets||||| |---|---|---|---|---| |Tangible assets||||6,046,169| |Current assets||||| |Debtors|||477,541|| |Cash and cash equivalents|||2,044,434|| ||||2,521,975|| |Creditors: amounts|falling|due||| |within one year|||(1,072,318)|| |Net current assets||||1,449,657| |Total assets less current||liabilities||7,495,826| |Funds||||| |Unrestricted
funds||||| |Development
reserve||||| |General fund||||7,495,826| |||||7,495,826|