2020-08-31-accounts

					Page
Reference and administrative		details ofthe Company,	its Governors	and advisers
Governors' report					2-9
Independent auditor's	report	on the financial statements			10-13
Statement of financial	activities				14
Balance sheet					15
Statement ofcash flows
Notes to the financial	statements				17-36

			Unrestricted	Restricted	Total	Tota)
			funds	funds	funds	funds
			2020	2020	2020	2019
		Note		2	2
Income from:
Donations and legacies			103,949		103,949
Charitable activities			3,378,968		3,378,968	4,183,005
Other trading activities			12,162		12,162	18,055
Investments			1,238		1,238	1,893
Total income			3,496,317		3,496,317	4,202,953
Expenditure on:
Raising funds			24,998		24,998	14,613
Charitable activities			3,845,656		3,845,656	4,275,501
Total expenditure			3,870,654		3,870,654	4,290,114
Net movement in funds before other recognised gains			(374,337)		(374,337)	(87,151)
Other recognised	gains:
Gains on revaluation	of fixed assets		737,520		737,520
Net movement in funds			363,183		363,183	(87,161)
Reconciliation offunds:
Total funds brought	forward		5,306,244	2,313	5,308,557	5,395,718
Net movement in funds			363„183		363,183	(87,161)
Total funds carried forward			5,669,427	2,313	5,671,740	5,308,557

					2020		2019
			Note		9
Fixed assets
Intangible assets			13				2,733
Tangible assets			14		5,258,615		5,708,978
Investment property			15		1,189,400
					6,448,015		5,711,711
Current assets
Debtors			16	65,238		77,852
Cash at bank and	in hand			1,265,601		1,571,780
				1,330,839		1,649,832
Creditors: amounts	falling	due within one
year			17	(671)264)		(1,108,602)
Net current assets					659,575		541,030
Total assets less	current	liabilities			7,107,590		6,252,741
Creditors: amounts	falling	due after more
than one year			18		(1,435,851)		(944,184)
Total net assets					5,671,739		5,308,557
Charity funds
Restricted funds			19		2,313		2,313
Unrestricted funds			19		5,669,426		5,306,244
Total funds					5,671,739		5,308,557

			2020	2019
Cash flows from operating	activities
Net cash used in operating	activities		(543,160)	350,207
Cash flows from investing	activities
Dividends, interests and rents from investments			1,238	1,893
Purchase of tangible fixed assets			(239,259)	(1,259, 131)
Interest paid			(24,998)	(14,613)
Net cash used in investing	activities		(263,019)	(1,271,851)
Cash flows from financing	activities
Cash inflaws from new borrowing			500,000	944,184
Net cash provided by financing activities			500,000	944,184
Change in cash and cash	equivalents in	the Year	(306,179)	22,540
Cash and cash equivalents	at the beginning	of the Year	1,571,780	1,549,240
Cash and cash equivalents	at the end of	the Year	1,265,601	1,571,780
The notes on pages 17to 36form part ofthese financial statements

		Unrestricted	Total	Total
		funds	funds	funds
		2020	2020	2019
			9
Donations		1,437	1,437
Government	grants	102,512	102,512
		103,949	103,949

				Unrestricted	Total
				funds	funds
				2020	2020
				9	9
Gross fee	income			3,881,593	3,881,593
Less: bursaries,		scholarships	and allowances	(600,244)	(600,244)
Other charges to pupils				96,419	96,419
Registration	fees			1,200	1,200
				3,378,968	3,378,968

				Unrestricted	Total
				funds	funds
				2019	2019
Gross fee	income			4,448,941	4,448,941
Less: bursaries,		scholarships	and allowances	(398,886)	(398,886)
Other charges to pupils				130,900	130,900
Registration	fees			2,050	2,050
				4,183,005	4,183,005

6.	Income	from	other trading	activities
	Income	from	fundraising	events

			Unrestricted	Total
			funds	funds
			2020	2020
			2
	Rent tt Lettings		12,162	12,162
			Unrestricted	Total
			funds	funds
			2019	2019f
	Rent & Lettings		18,055	18,055
7.	Investment	income

		Unrestricted	Total
		funds	funds
		2020	2020
		6	6
Bank	interest	1,236	1,236

				Unrestricted	Total
				funds	funds
				2019	2019
Bank	interest	and	charges	14,613	14,613

		Unrestricted	Total
		funds	funds
		2020	2020
		2	6
Teaching	costs	2,317,243	2,317,243
Welfare	costs	411,420	411,420
Premises		520,049	520,049
Support	for schooling	596,944	596,944
		3,845,656	3,645,656

Summary	by fund type (continued)
		Unrestricted	Restricted	Total
		funds	funds	funds
		2019f	2019	2019
Teaching	costs	2,638,074	798	2,638,872
Welfare	costs	470,363		470,363
Premises		551,327		551,327
Support	for schooling	614,939		614,939
		4,274,703	798	4,275,501

					2020	2019
Fees	payable	to the Company's	auditor	for the audit of the Company's
annual	accounts				12,350	12,000
Fees	payable	to the Company's	auditor	in respect of:
All non-audit		services not included above			2,850	2,850

Staff costs
				2020	2019
				2
Wages and	salaries			2,321,093	2,658,765
Social security costs				208,465	217,780
Contribution	to defined	contribution	pension schemes	343,850	291,526
				2,873,408	3,168,071

	2020	2019
	No.	No.
Teaching	65	67
Domestic	22	24
Administration	11	13
	98	104

2020	2019
No.	No.

		NOTES TO THE FINANCIAL STATEMENTS
		FOR THE YEAR ENDED 31 AUGUST 2020
13.	Intangible assets
			Computer
			software
			2
	Cost
	At 1 September 2019		8,204
	At 31 August 2020		8,204
	Amortisation
	At 1 September 2019		5,471
	Charge for the year		2,733
	At 31 August 2020		8,204
	Net book value
	At 31 August 2020
	At31August 2019		2,733

	Freehold	Motor	Fixtures and	Computer
	property	vehicles	fittings	equipment	Total
	2	2	9	2	2
Cost or valuation
At 1 September 2019	7,171,639	96,358	994,419	658,630	8,921,046
Additions	218,675		15,523	5,061	239,259
Transfers between classes	(638,647)				(638,647)
At 31 August 2020	6,751,667	96,358	1,009,942	663,691	8,521,658
Depreciation
At 1 September 2019	1,798,668	88,643	737,246	587,511	3,212,068
Charge for the Year	145,533	4,465	40,389	47,355	237,742
Transfers between classes	(186,767)				(186,767)
At 31 August 2020	1,757,434	93,108	777,635	634,866	3,263,043
Net book value
At 31 August 2020	4,994,233	3,250	232,307	28,825	5,258,615
At31August 2019	5,372,971	7,715	257,173	71,119	5,708,978

		Freehold
		investment
		property
		2
Valuation
Transfers	between classes	1,189,400
At 31 August 2020		1,189,400

Debtors
		2020	2019
Due within	one year
Trade debtors		29,902	60,813
Prepayments	and accrued income	16,190	17,038
Grants receivable		19,146
		65,238	77,852

				2020	2019f
Bank loans				8,333
Trade creditors				136,710	119,389
Other taxation and		social security		49,044	52,017
Fees in advance	and		deposits	290,799	451,534
Other creditors				36,192	59,102
Accruals and deferred			income	49,276	290,597
Advance payment		scheme		100,910	135,983
				671,264	1,108,602

		2020	2019
Bank	loans	1,435,851	944,184

Statemen	t		offunds - current	Year
				Balance at 1				Balance at
				September			Gains/	31 August
				2019	Income	Expenditure	(Losses)	2020
				9	9		9	2
Unrestricted			funds
General	Funds			5,306,244	3,496,317	(3,870,655)	737,520	5,669,426
Restricted			funds
Restricted		Funds - all funds		2,313				2,313
Total of	funds			5,308,557	3,496,317	(3,870,655)	737,520	5,671,739

Analysis		of net assets between funds - current	period
			Unrestricted	Restricted	Total
			funds	funds	funds
			2020	2020	2020
			2	2	2
Tangible	fixed assets		5,258,615		5,258,615
Investment		property	1,189,400		1,189,400
Current	assets		1,328,526	2,313	1,330,839
Creditors		due within one year	(671,264)		(671,264)
Creditors		due in more than one year	(1,435,851)		(1,435,851)
Total			5,669,426	2,313	5,671,739

20.	Analysis	of net assets between	funds (continued)
	Analysis	of net assets between	funds - prior period
				Unrestricted	Restricted	Totai
				funds	funds	funds
				2019	2019f	2019
	Tangible	fixed assets		5,708,978		5,708,978
	Intangible	fixed assets		2,733		2,733
	Current assets			1,647,318	2,313	1,649,631
	Creditors	due within one year		(1,108,602)		(1,108,602)
	Creditors	due in more than one year		(944, 184)		(944,184)
	Total			5,306,243	2,313	5,308,556
21.	Reconciliation of net movement		in funds to net cash flow from operating		activities

21.	Reconciliation of n	et movement in funds	to n	et cash flow	from operatin	g activities
						2020	2019
	Net expenditure for	the period (as per Statement		of Financial	Activities)	(374,337)	(87,161)
	Adjustments for:
	Depreciation charges					240,475	212,947
	Interest paid					24,998	14,513
	Dividends, interests	and rents from investments				(1,238)	(1,893)
	Decrease in debtors					31,760	27,801
	Increase/(decrease)	in creditors				(464,818)	183,900
	Net cash provided	by/(used in) operating	activities			(543,160)	350,207
22.	Analysis of cash and cash equivalents
						2020 2	2019 f
	Cash in hand					1,265,601	1,571,780
	Total cash and cash equivalents					1,265,601	1,571,780

			2020	2019f
Not later than		1 year	17,064	18,179
Later than	1 year and not later than 5years		28,440	45,504
			45,504	63,683