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