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|Reference and administrative||details of the Company,|its Governors|and advisers|1|
|Governors'
report|||||2-9|
|Independent
auditor's|report|on the financial statements|||10-13|
|Statement offinancial|activities||||14|
|Balance sheet|||||15-16|
|Statement of cash flows|||||17|
|Notes to the financial|statements||||18-33|
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
|||Note|2021
f|2021
2|2021f|2020f|
|Income from:|||||||
|Donations
and legacies|||66,255||66,255|103,949|
|Charitable
activities|||3,211,852||3,211,852|3,378,968|
|Other trading
activities|||5,813||5,813|12,162|
|Investments|||642||642|1,238|
|Total income|||3,284,562||3,284,562|3,496,317|
|Expenditure
on:|||||||
|Charitable
activities||8|3,727,587||3,727,587|3,870,655|
|Total expenditure|||3,727,587||3,727,587|3,870,655|
|Net movement
in funds before other|||||||
|recognised
gains|||(443,025)||(443,025)|(374,338)|
|Other recognised|gains:||||||
|Gains on revaluation|offixed assets||37,600||37,600|737,520|
|Net movement
in funds|||(405,425)||(405,425)|363,182|
|Reconciliation
offunds:|||||||
|Total funds brought|forward||5,669,426|2,313|5,671,739|5,308,557|
|Net movement
in funds|||(405,425)||(405,425)|363,182|
|Total funds carried forward|||5,264,001|2,313|5,266,314|5,671,739|
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||||Note||2021||2020f|
|---|---|---|---|---|---|---|---|
|Fixed assets||||||||
|Tangible assets|||12||5,145,101||5,258,615|
|Investment
property|||13||557,000||1,189,400|
||||||5,702,101||6,448,015|
|Current assets||||||||
|Debtors|||14|84,812||65,238||
|Cash at bank and in hand||||919,433||1,265,601||
|||||1,004,245||1,330,839||
|Creditors: amounts|falling|due within one||||||
|year|||15|(757,103)||(671,264)||
|Net current assets|||||247,142||659,575|
|Total assets less current||liabilities|||5,949,243||7,107,590|
|Creditors: amounts|falling|due after more||||||
|than one year|||16||(682,929)||(1,435,851)|
|Total net assets|||||5,266,314||5,671,739|
|Charity funds||||||||
|Restricted funds:||||||||
|Restricted funds|||17|2,313||2313||
|Total restricted
funds|||17||2,313||2,313|
|Unrestricted
funds|||17||5,264,001||5,669,426|
|Total funds|||||5,266,314||5,671,739|
##
|||STATEMENT OF CASH FLOWS|STATEMENT OF CASH FLOWS|||
|---|---|---|---|---|---|
||FOR|THE YEAR ENDED 31 AUGUST 2021||||
|||||2021|2020|
|||||9||
|Cash flows from operating|activities|||||
|Net cash used
in operating|activities|||(240,124)|(543,160)|
|Cash flows from investing|activities|||||
|Dividends,
interests
and rents from investments||||642|1,238|
|Purchase oftangible
fixed assets||||(87,685)|(239,259)|
|Proceeds from sale of investment
properties||||670,000||
|Interest paid||||(27,746)|(24,998)|
|Net cash provided
by/(used
in) investing|||activities|555,211|(263,019)|
|Cash flows from financing|activities|||||
|Cash inflows from new borrowing|||||500,000|
|Repayments
of borrowing||||(661,255)||
|Net cash (used in)/provided
by financing|||activities|(661,255)|500,000|
|Change
in cash and cash|equivalents|in|the Year|(346,168)|(306,179)|
|Cash and cash equivalents|at the beginning||of the Year|1,265,601|1,571,780|
|Cash and cash equivalents|at the end of||the Year|919,433|1,265,801|
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|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2021|2021|
|||9|9|
|Donations||15,339|15,339|
|Government|grants|50,916|50,916|
|||66,255|66,255|
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|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2020f|2020f|
|Donations||1,437|1,437|
|Government|grants|102,512|102,512|
|||103,949|103,949|
##
||||||Unrestricted|Total|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||2021|2021|
|||||||2|
|Gross fee|income||||3,473,900|3,473,900|
|Less: bursaries,|||scholarships|and allowances|(368,710)|(368,710)|
|Other charges to|||pupils||103,713|103,713|
|Registration|fees||||2,949|2,949|
||||||3,211,852|3,211,852|
||||||Unrestricted|Totai|
||||||funds|funds|
||||||2020|2020|
|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|
|||2021|2021|
|||8|8|
|Bank|interest|642|642|
|||Unrestricted|Total|
|||funds|funds|
|||2020|2020f|
|Bank|interest|1,238|1,238|
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||||||Unrestricted|Total|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||2021|2021|
||||||2|9|
|Teaching|costs||||2,204,441|2,204,441|
|Welfare|costs||||407,859|407,859|
|Premises|||||528,582|528,582|
|Support|for schooling||||558,959|558,959|
|Bank interest and charges|||||27,746|27,746|
||||||3,727,587|3,727,587|
||||||Unrestricted|Tctai|
||||||funds|funds|
||||||2020
9|2020f|
|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|
|Bank interest and charges|||||24,999|24,999|
||||||3,670,655|3,870,655|
|Auditor's|remuneration||||||
||||||2021f|2020
9|
|Fees payable to the Company's||auditor||for the audit ofthe Company's|||
|annual accounts|||||12,950|12,350|
|Fees payable to the Company's||auditor||in respect of:|||
|All non-audit
services not included|||above||2,000|2,650|
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|Staff costs|||||
|---|---|---|---|---|
||||2021|2020|
||||9||
|Wages and|salaries||2,285,081|2,321,093|
|Social security costs|||205,377|208,465|
|Contribution|to defined contribution|pension schemes|294,957|343,850|
||||2,785,415|2,873,408|
||2021|2020|
|---|---|---|
||No.|No.|
|Teaching|60|65|
|Domestic|22|22|
|Administration|11|11|
||93|98|
|2021|2020|
|---|---|
|No.|No.|
|In|the|band|960,001|- 670,000|
|---|---|---|---|---|
|In|the|band|670,001|—280,000|
|In|the|band|690,001|—Et00,000|
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||Freehold|Motor|Fixtures and|Computer||
|---|---|---|---|---|---|
||property|vehicles|fittings|equipment|Total|
||2|2|2|2|9|
|Cost or valuation||||||
|At 1 September 2020|6,751,667|96,358|1,009,942|663,691|8,521,658|
|Additions|62,592||5,901|'I9,192|87,685|
|At 31 August 2021|6,814,259|96,358|1,015,843|682,883|8,609,343|
|Depreciation||||||
|At 1 September 2020|1,757,434|93,109|777,635|634,865|3,263,043|
|Charge for the Year|136,349|669|35,370|28,811|201,199|
|At 31 August 2021|1,893,783|93,778|813,005|663,676|3,464,242|
|Net book value||||||
|At 31 August 2021|4,920,476|2,580|202,838|19,207|5,145,101|
|At 31August 2020|4,994,233|3,249|232,307|28,826|5,258,615|
##
||Freehold|
|---|---|
||investment|
||property
9|
|Valuation||
|At 1 September 2020|1,189,400|
|Disposals|(670,000)|
|Revaluation|37,600|
|At 31 August 2021|557,000|
##
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##
|||2021
t'.|2020f|
|---|---|---|---|
|Due within one year||||
|Trade debtors||55,262|29,902|
|Prepayments|and accrued income|29,550|16,190|
|Grants receivable|||19,146|
|||84,812|65,238|
##
##
|||||2021|2020|
|---|---|---|---|---|---|
|||||6||
|Bank loans||||100,000|8,333|
|Trade creditors||||36,707|136,710|
|Other taxation|and social security|||50,047|49,044|
|Fees in advance||and|deposits|413,909|290,799|
|Other creditors||||40,662|36,192|
|Accruals and deferred|||income|16,198|49,276|
|Advance
payment||scheme||99,580|100,910|
|||||757,103|671,264|
##
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|Statemen|t|offunds - curr|ent Year|||||
|---|---|---|---|---|---|---|---|
||||Balance at 1||||Balance at|
||||September|||Gains/|31 August|
||||2020|Income|Expenditure|(Losses)|2021|
|||||2|2|9|2|
|Unrestricted||funds||||||
|General|Funds||5,669,426|3,284,562|(3,727,587)|37,600|5,264,001|
|Restricted||funds||||||
|Music fund|||2,313||||2,313|
|Total of|funds||5,671,739|3,284,562|(3,727,587)|37,600|5,266,314|
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|||Balance at||||Balance at|
|---|---|---|---|---|---|---|
|||1 September|||Gainsr|31August|
|||2019|Income
f|Expenditure|(Losses)|2020|
|Unrestricted|funds||||||
|General
Funds||5,306,244|3,496,317|(3,870,655)|737,520|5,669,426|
|Restricted|funds||||||
|Music fund||2,313||||2313|
|Total offunds||5,308,557|3,496,317|(3,870,655)|737520|5,671,739|
##
|Analysis|of net assets between funds - current|year|||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2021
2|2021f|2021
2|
|Tangible fixed assets||5,145,101||5,145,101|
|Investment|property|557,000||557,000|
|Current assets||1,001,931|2,313|1,004,244|
|Creditors|due within one year|(757,102)||(757,102)|
|Creditors|due in more than one year|(682,929)||(682,929)|
|Total||5,264,001|2,313|5,266,314|
##
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||Analysis||of net assets between|funds - prior y|ear|||
|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Tctai|
||||||funds|funds|funds|
||||||2020|2020f|2020|
||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|2313|5,671,739|
|19.|Reconciliation
of net movement|||in funds to net cash flow from operating||activities||
|19.|Reconciliation
of net movement
in funds to|net cash fl|ow from operati|ng
activities||
|---|---|---|---|---|---|
|||||2021
2|2020f|
||Net expenditure
for the year (as per Statement|of Financial|Activities)|(443,025)|(374,338)|
||Adjustments
for:|||||
||Depreciation
charges|||201,199|240,475|
||Interest paid|||27,745|24,998|
||Dividends,
interests
and rents from investments|||(642)|(1,238)|
||Decrease/(increase)
in debtors|||(19,574)|31,761|
||Decrease
in creditors|||(5,828)|(464,818)|
||Net cash used in operating
activities|||(240,124)|(543,160)|
|20.|Analysis ofcash and cash equivalents|||||
|||||2021|2020|
|||||2||
||Cash in hand|||919,433|1,265,601|
||Total cash and cash equivalents|||919,433|1,265,601|
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||||2021|2020|
|---|---|---|---|---|
|Not later than||1 year|17,064|17,054|
|Later than|1 year and not later than 5years||11,376|28,440|
||||28,440|45,504|