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|||PAGE|
|---|---|---|
|Charitable
company|information||
|Report ofthe Council||2-13|
|Independent
auditor's|report|14 —18|
|Statement offinancial|activities|19-20|
|Balance sheet||21|
|Notes to the financial|statements|22-32|
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|Company||registered|registered|number|00866338||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Charity registered|||number||307531||||||
|Registered||office:|||78 Kimbolton
Road||||||
||||||BEDFORD||||||
||||||Bedfords hire||||||
||||||MK40 2PA||||||
|Directors||(Council):|||Mr G M Bates OBE, Chairman||||||
||||||Mr SJ Williamson||||||
||||||Mrs M J Burt
(resigned||on 31stAugust 2021)||||
||||||Mr
I R Flack
(resigned||on 30th April 2021)||||
||||||Mr M J Grafton (resigned|||25|November 2020)||
||||||Mr C Simmonds||||||
||||||Mr D Eyton-Williams|(resigned
on 30th April 2021)|||||
||||||Mr J J Leydon (resigned|||on 30th April 2021)|||
||||||Mrs D P Lennie||||||
||||||Mr B H Thompson|(resigned|||on 20 August 2021)||
||||||Mr A T Knight||||||
||||||Mrs E P Coley (appointed|||10|September 2020)||
|Principal|Officers:||||Mr
I Daniel —Principal
Mrs S Diffey —Business|||Manager
& Company||Secretary|
|Bankers:|||||Barclays Bank pic||||||
||||||111High Street||||||
||||||Bedford||||||
||||||Bedfords hire||||||
||||||MK40 1NJ||||||
|Auditors:|||||Grant Thornton
UK|LLP|||||
||||||Statutory
Auditor||||||
||||||Chartered
Accountants||||||
||||||Victoria House||||||
||||||199Avebury
Boulevard||||||
||||||Milton Keynes||||||
||||||MK9 1AU||||||
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|||||Note|Total funds|Total funds|
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||E|f.|
|Incoming
from:|||||||
|Charitable
activities|||||||
|Fees receivable|||||1,378,443|1,859,064|
|Meal income|||||39,236|36,837|
|CJRS income (restricted|income)||||25,317|171,250|
|Donations
and legacies
Investments|||||8,691
116|15,555
1,217|
|Other income|||||||
|Other income|||||7,417|4,088|
|Total income|||||1,459,220|2,088,0'I 1|
|Expenditure
on:|||||||
|Charitable
activities|||||||
|Education||||3|1,262,959|2,074,604|
|Donation
made to Greenacre||Trust Limited||3/18|516,725||
|Donation
made to Bedford Greenacre|||Independent||||
|School Limited||||3/18|619,791||
|Total expenditure|||||2,399,475|2,074,604|
|Net income|||||||
|Net income from educational||activities|||(940,255)|13,407|
|Total net income|||||(940,255)|13,407|
|Reconciliation
offunds|||||||
|Total funds brought
forward||at 1 September 2020|||940,255|926,848|
|Total funds carried forward||at 31 August 2021||13||940,255|
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|||||Note|2021||2020|
|---|---|---|---|---|---|---|---|
||||||F|||
|Current assets||||||||
|Tangible assets
Debtors||||||563,723
111,717||
|Cash at bank||||||428,850||
|||||||1,104,290||
|Creditors: amounts||falling|due|||||
|within one year||||||(164,035)||
|Net current|assets||||||940,255|
|Total assets|less current||liabilities||||940,255|
|Funds||||||||
|Unrestricted|funds|||||||
|General
fund|||||||940,255|
||||||||940,255|
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|a) Total expenditure||Staff|Depreciation|Support|||
|---|---|---|---|---|---|---|
|||costs||costs|Total|Total|
|||(Note 4)
f.|(note 5)
F|f|2021
f|2020
f.|
|Charitable
expenditure
Teaching
Welfare
Premises||836,020
46,958
69,322|3,815|30,368
1,298
181,800|866,388
48,256
254,937|1,365,282
67,504
321,536|
|School administration|||||||
|and governance||35,391|1,793|56,194|93,378|320,282|
|Total charitable
expenditure||987,691|5,608|269,660|1,262,959|2,074,604|
|Other expenditure
Donations
made (note 17)||||1,136,516|1,136,516||
|Total other expenditure||||1,136,516|1,136,516||
|Total Expended||987,691|5,608|1,406,176|2,399,475|2,074,604|
|b) Governance
included|in support costs||||2021|2020|
|||||||F|
|Remuneration
paid to auditor for audit services
Other non-audit
services|||||12,000
2,250|10,025
1,075|
||||||14,250|11,100|
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|financial ye|ar|amounted
to:|||
|---|---|---|---|---|
||||2021|2020|
||||No|No|
|Administrative|||2|6|
|Teaching
Domestic|||12
3|17
5|
|Maintenance|||4|6|
|Classroom|assistants||23|35|
||||44|69|
|The aggregate||payroll costs ofthe above were:|||
||||2021|2020|
|Wages and salaries
Social security costs
Pension costs|||850,486
54,241
82,964|1,362,452
87,282
143,291|
|Redundancy|payments|||20,794|
||||987,691|1.609,820|
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|Tangible fixed assets||||||
|---|---|---|---|---|---|
|||Furniture||||
||Freehold|fixtures and|Motor|Computer||
||property
f|fittings|vehicles
f|equipment
F|Total
E|
|Cost||||||
|At 1 September 2019
Additions|1,137,710|157,813
15,041|27,840|87,510|1,410,873
15,041|
|Transfer via donation|(1,137,710)|(172,854)|(27,840)|(87,510)|(1,425,914)|
|At 31 August 2020||||||
|Depreciation
At 1 September 2019
Provided
in the year
Eliminated
on transfer|620,985
(620,985)|130,146
3,815
(133,961)|27,840
(27,840)|68,179
1,793
(69,972)|847,150
5,608
(852,758)|
|At 31 August 2020||||||
|Net book value at||||||
|31 August 2020||||||
|Net book value at||||||
|31 August 2019|516,725|27,667||19,330|563,723|
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|Debtors|||
|---|---|---|
||2021|2020|
||F||
|Fees receivable||70,974|
|Prepayments
Amounts
due from parent company||30,460
10,283|
|||111,717|
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||||2021|2020|
|---|---|---|---|---|
||||F||
|Social security
Fees received|and other taxes
in advance|||35,028
42,778|
|Other creditors||||74,705|
|Accruals and deferred||income||11,524|
|||||164,035|
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||||General|2021|2020|
|---|---|---|---|---|---|
||||fund|Total|Total|
|Balance brought|forward||940,255|940,255|926,848|
|Net (outgoing)/incoming||resources|(940,255)|(940,255)|13,407|
|Balance carried|forward||||940,255|
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|||Unrestricted|Total funds|Unrestricted|Total funds|
|---|---|---|---|---|---|
|||funds|2021|funds|2020|
|||E|E|||
|Tangible|fixed assets|||563,723|563,723|
|Current|assets|||540,566|540,566|
|Current|liabilities|||(164,035)|(164,035)|
|N|t|||940,255|940„255|
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|leases|a|s set out below:|||||
|---|---|---|---|---|---|---|
|||||2021||2020|
|||||Leasehold||Leasehold|
|||||and||and|
||||Other|buildings|Other|buildings|
||||F||E|E|
|Operating
Within
1
Between||leases which expire:
year
2 and 5years|||10,292|67,600
270,400|
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|
,
been recognised as a donation
within expenditure.|These comprised
the following assets and|
|---|---|
||2021|
|Tangible fixed assets
Debtors|56,431
609,337|
|Bank and cash
Creditors|372,204
~418,181|
||619,791|