## ## ## |CONTENTS|||Page| |---|---|---|---| |Directors and company||information|| |Governors'
report|||| |Independent
auditors'||report|| |Statement offinancial||activities|16| |Balance sheet|||17| |Cash flow statement|||18| |Notes to the financial|statements||19| ## |Directors (Governors|Directors (Governors|Directors (Governors|of|the|School)|PJ Woodhouse|(Chairman)|(Chairman)|(Chairman)|| |---|---|---|---|---|---|---|---|---|---|---| |||||||Mrs K Fenwick||||| |||||||BR K Moorhead|(resigned|||14'"January 2021)| |||||||G Mann (resigned||26'" February 2020)||| |||||||Mrs L Martine (resigned 30'" September 2020)||||| |||||||J M WSale||||| |||||||C Burge
(resigned|||2"' October 2019)|| |||||||D Royds||||| |||||||A Harber||||| |||||||JJackson||||| |||||||A Land (appointed||26'" February 2020)||| |||||||K Morgan
(appointed|||20'" May 2020)|| |||||||C Evans||||| |Secretary|and registered|||office||Mrs BA Parsons||||| |||||||Wellesley
House||||| |||||||114Ramsgate
Road||||| |||||||Broadstairs||||| |||||||Kent||||| |||||||CT102DG||||| |Company|registration||number|||859223||||| |Charity registration||number||||307852||||| |Auditors||||||Saffery Champness|||LLP|| |||||||Chartered
Accountants||||| |||||||71 Queen Victoria||Street||| |||||||London||||| |||||||EC4V4BE||||| |Key Management||Personnel|||and Professional|Advisers||||| |Headmaster||||||G D Franklin||||| |Bursar||||||Mrs BA Parsons||||| |Solicitors||||||Hewitson
Moorhead|||LLP|| |||||||Kildare House||||| |||||||3Dorset Rise||||| |||||||London||||| |||||||EC4Y 8EN||||| |Bankers||||||HSBC UK||||| |||||||26Westwood Cross|||Shopping
Centre|| |||||||Broadstairs||||| |||||||Kent||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Links with the Community|Links with the Community|Links with the Community|Links with the Community||||||| |---|---|---|---|---|---|---|---|---|---| |Sofar as it is able due to the pandemic,
the School lets out its facilities or||||provides|them||free ofcharge||| |for a number ofactivities.||In the last year this has included
the following:|||||||| |Sports Hall|||This has
been
made
available
to the|Thanet|Light|Orchestra|||for| ||||weekl
rehearsals||||||| |The Old Hall|||Free of charge use of the Theatre
and facilities to local||||schools||and| ||||I'ou s||||||| |Kent School of English|||Overseas
students
use the
boarding
facilities,
Classrooms,
Swimming
Pool, Sports Hall and Playing
Fields over the Summer|||||Hall,
and|| ||||Easter
holidays
including
evening
entertainment||with||other|local|| ||||children||||||| |Puddleducks|||A local swim school for toddlers
and babies use||the swimming|||pool|| ||||weekly||||||| |Deal Guide Group|||Use ofthe school minibuses
during
holiday
periods for|||excursions|||to| ||||aide financially
deprived
attendees||||||| |Space Radio Club|||Wellesley
is a STEM Hub School and hosts the club for
schools||||visiting||| |Governorship|at local school||Two members
of staff are on the governing
body of||||local
primary||| ||||schools||||||| |School Nurses'|Meeting||Wellesley hosts meetings
for local schools to visit||to share information||||| ||||and practices||||||| |Leavers Programme|||Block 1 leavers undertake
community
service during
their final term||||||| |East Kent College|||Allocated emergency
evacuation
centre||||||| |Sporting|Swimming|Pool
Over the years, use by local primary||schools,|swimming||||| |Links|||coachin
and scuba club for outside|rou s|||||| ||Cricket||Outside coaching has been provided|to local|children||||| ||||The School hosted
the Kent County|under|eleven||fixtures||and| ||||other under eleven
and under twelve|competitions|||and matches||| ||||between
local clubs||||||| |Music|School Choir||The School Choir was ver
roactive|includin|erformances||||at:| ||||Harvest
Distribution||||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||Notes|Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---| ||||funds
E|funds
F|2020
E|2019f| |INCOME FROM||||||| |Donations
and legacies||||||| |Grants and donations
receivable|||25,405|22,240|47,645|29,651| |Charitable
Activities||||||| |Fees receivable|||1,372,698||1,372,698|1,677,042| |Registration
fees and extra-curricular|income||160,449||160,449|290,406| |Government
grants - coronavirus job|retention||141,825||141,825|| |scheme||||||| |Investments|||16,300||16,300|118,112| |Other income|||27,500||27,500|| |Total income|||1,744,177|22,240|1,766,417|2,115,211| |TOTAL EXPENDITURE ON||||||| |Raising funds|||47,773||47,773|47,674| |Charitable
Activities||||||| |Provision ofeducation||||||| |Teaching costs|||1,310,603||1,310,603|1,363,947| |Welfare|||269,155|10,421|279,576|304,932| |Premises|||231,194||231,194|249,464| |Support costs ofschooling|||664,887||664,887|540,699| |Total expenditure||5,7|2,523,612|10,421|2,534,033|2,506,716| |Net (expenditure)/income|||(779,435)|11,819|(767,616)|(391,505)| |Gain on revaluation
ofassets|||125,000||125,000|210,000| |Net movement
in funds|||(654,435)|11,819|(642,616)|(181,505)| |Balances brought
forward at 1 September 2019|||6,274,497||6,274,497|6,456,002| |Balances carried forward at 31 August|2020||5,620,062|11,819|5,631,881|6,274,497| ## ||||Note||2020||2019| |---|---|---|---|---|---|---|---| |Fixed assets|||||||| |Tangible assets|||||6,503,698||6,742,807| |Current assets|||||||| |Assets held for sale||||425,000||810,000|| |Stock||||9,551||6,774|| |Debtors|||10|87,600||172,619|| |Cash at bank and|in|hand||111,483||106,685|| |||||633,634||1,096,078|| |Creditors: amounts||falling||(1,457,806)||(1,564,388)|| |due within one year|||||||| |Net current (liabilities)l|||||(824,172)||(468,310)| |assets|||||||| |Total assets less|current||||||| |liabililites|||||5,679,526||6,274,497| |Creditors: amounts||falling|||||| |due after one year|||||||| |Bank loan|||||(47,645)||| |Net assets|||||5,631,881||6,274,497| |Total funds|||||||| |Restricted|||||11,819||| |Unrestricted|||||5,620,062||6,274,497| ||||1213||5,631,881||6,274,497| ## ||||||Notes|2020||2019|2019| |---|---|---|---|---|---|---|---|---|---| |||||||||E|| |Cash flows from operating|activities:||||||||| |Net cash used in operating|activities||||14||(661,545)||(251,806)| |Cash flows from investing|activities:||||||||| |Proceeds from the sale of property,
plant||and equipment||||837,500|||| |Purchase of property,
plant|and equipment|||||(149,734)||(253,770)|| |Interest received
Interest paid
Net cash provided
by I (used in) investing|||activities|||1,516
25,063|664,219|7,842
~23,136|(269,065)| |Cash flows from financing|activities:||||||||| |Cash inflows from new borrowing||||||198,014||273,848|| |Repayment
oflong term bank loan||||||(42,500)||(42,500)|| |Net cash provided
byl (used in) financing|||activities||||155,514||231,348| |Change
in cash and cash|equivalents|in the reporting||period|||158,192||(289,523)| |Cash and cash equivalents|at the beginning
ofthe period||||||(46,709)||242,814| |Cash and cash equivalents|at the end|ofthe period|||(see below)||111,483||(46,709)| |Anal sis ofcash and cash|e uivalents||||||2020||2019| ||||||||E||6| |Cash
in hand|||||||111,483||106,685| |Overdraft
facility|||||||||~(163,394| ||||||||111,483||(46,709)| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |1|Fees receiv|able|||||| |---|---|---|---|---|---|---|---| |||||||2020|2019| |||||||F|| ||Fees receivable consist of:||||||| ||Gross fees|||||1,753,905|2,036,300| ||Less: Bursaries|||||(391,629)|(380,493)| |||||||1,362,277|1,655,807| ||Add back: Bursaries||paid for by|specific funds||10,421|21,236| |||||||1,372,698|1,677,043| |2|Grants and|donations|||||| |||||||2020|2019| |||||||F|| ||Donations|||||47,645|29,651| ||Government|grants - coronavirus||job retention|scheme|141,825|0| |||||||189,470|29,651| |3|Investment|income||||2020|2019| |||||||F|| ||Rents and lettings|||||14,782|110,270| ||Interest receivable|||||1,517|7,842| |||||||16,299|118,112| |4|Cost of raising funds||||||| |||||||2020|2019| |||||||F|| ||Marketing|||||22,711|24,539| ||Interest payable|||||25,062|23,136| |||||||47,773|47,675| ## ## |5|Total expenditure|||||| |---|---|---|---|---|---|---| ||Total expenditure
includes:|||||| ||Auditors'
remuneration|for audit services|||10,257|12,210| ||Auditors'
remuneration|for other services|||750|750| ||Operating
lease payments||||5,482|5,482| ||Depreciation||||88,841|85,950| |6|Employees|||||| ||||||2020|2019| ||||||F|| ||Staff costs during
the|year:||||| ||Wages and salaries||||1,388,432|1,347,155| ||Social security costs||||118,217|116,338| ||Other pension costs||||205,525|156,724| ||||||1,712,174|1,620,217| ||The average
number|ofemployees|in the year:||Number|Number| ||Teaching staff||||28|27| ||Non teaching
staff||||39|41| ||||||67|68| ||The number ofstaff whose emoluments|||plus taxable benefits exceeded F60,000were as follows:||| ||F80,000 - F90,000|||||| ||||||2020|2019| ||Pensions
paid on behalf of this employee|||in the year totalled:|19,370|13,184| ||||||2020|2019| ||||||F|| ||Aggregate
emoluments|of key management|||160,268|150,981| ||personnel|||||| ## ## ## ## ## ## |7|Analysis ofexpenditure|Analysis ofexpenditure|(2019)|||||| |---|---|---|---|---|---|---|---|---| |||||Staff|Other||Total|| |||||costs|costs|Depreciation|2019|| |||||f.|F|f.|f.|| ||Raising funds||||47,674||47,674|| ||Teaching costs|||1,093,484|266,354|4,109|1,363,947|| ||Welfare|||200,360|104,572||304,932|| ||Premises|||97,428|80,713|71,323|249,464|| ||Support costs ofschooling|||228,944|301,238|10,517|540,699|| |||||1,620,216|800,551|85,949|2,506,716|| |8|Tangible fixed assets||||Freehold||Fixtures|Total| ||||||land &|Motor|fittings &|2020| ||||||buildings|vehicles|equipment
etc|| ||Cost or valuation|||||||| ||1 September 2019||||6,664,411|92,771|891,603|7,648,785| ||Additions||||108,100||41,634|149,734| ||Disposal|||||||| ||Transfer to assets|held for sale|||(300,000)|||(300,000)| ||31August 2020||||6,472,511|92,771|933,237|7,498,519| ||Depreciation|||||||| ||1 September 2019||||211,114|87,062|607,803|905,979| ||Charge for the year||||33,288|2,854|52,699|88,841| ||Disposals|||||||| ||31August 2020||||244,402|89,916|660,502|994,820| ||Net book value|||||||| ||31 August 2020||||6,228,109|2,855|272,734|6,503,698| ||31 August 2019||||6,453,297|5,709|283,801|6,742,807| |9|Current asset investments|||||2020||2019| |||||||F||| ||Brought forward|||||810,000||| ||Additions
(transfers|from fixed assets)||||300,000||600,000| ||Gain on reclassification|||||125,000||210,000| ||Disposals|||||(810,000)||| ||Carry forward|||||425,000||810,000| ## ## |10|Debtors|Debtors||||||| |---|---|---|---|---|---|---|---|---| ||||||||2020|2019| ||||||||F|| ||Due within||one||year:|||| ||Trade|debtors|||||36,750|133,892| ||Prepayments|||and accrued income|||50,850|38,727| ||||||||87,600|172,619| |11|Creditors||falling due within one year|||||| ||||||||2020|2019| ||Amounts||falling||due within|one year:||| ||Bank|overdraft||||||153,394| ||Fees|received|||in advance||190,434|267,225| ||Bank|loan|||||944,845|836,973| ||Other|creditors|||and accruals||322,527|306,796| ||||||||1,457,806|1,564,388| ||Creditors||falling due over one year|||||| ||||||||2020|2019| ||Bank|loan|||||47,645|| ||||||||47,645|| ||Bank|loans are|||analysed|as follows:|2020|2019| ||||||||F|| ||Over|five|years||||7,904|| ||Within|two to five years|||||30,175|| ||Within|one to||two years|||9,566|| ||Within|one year|||||944,845|836,973| ||||||||992,490|836,973| ## ## |12|Funds||||||||| |---|---|---|---|---|---|---|---|---|---| ||||||At|Income|Expenditure|Transferal|At| ||||||1 September|||Valuations|31 August| ||||||2019||||2020| ||Restricted||||||||| ||Bursary Appeal||Fund|||22,240|(10,421)||11,819| ||Other
Donations||||||||| |||||||22,240|(10,421)||11,819| ||Unrestricted|Funds|||||||| ||General||||6,148,711|1,743,914|(2,519,565)|125,000|5,498,060| ||Desi
nated|Funds|||||||| ||Bursary Appeal||Fund||8,940|263|||9,203| ||Swire||||60,740||(2,914)||57,826| ||Bursary Fund||-Swire||54,973||||54,973| ||Foundation|(Capital||Fund) -Small assets|1 133||(1,133)||| ||||||6,274,497|1,744,177|(2,523,612)|125,000|5,620,062| ||Total unrestricted|||funds|||||| ||||||6,274,497|1,766,417|(2,534,033)|125,000|5,631,881| ||Total funds||||||||| ## |Funds (20|19)||||||||| |---|---|---|---|---|---|---|---|---|---| ||||||At|Income|Expenditure|Transferal|At| ||||||1 September|||Valuations|31 August| ||||||2018||||2019| |Restricted|||||||||| |Bursary Appeal||Fund||||18,168|(18,168)||| |Other
Donations|||||1,498||(1,498)||| ||||||1,498|18,168|(19,666)||| |Unrestricted|Funds||||||||| |General|||||6,323,702|2,091,827|(2,476,818)|210,000|6,148,711| |Desi
nated|Funds||||||||| |Bursary Appeal||Fund|||3,724|5,216|||8,940| |Swire|||||63,654||(2,914)||60,740| |Bursary Fund||-Swire|||58,041||(3,068)||54,973| |Foundation|(Capital||Fund)-Small|assets|5,383||(4,250)||1 133| ||||||6,454,504|2,097,043|(2,487,050)|210,000|6,274,497| |Total unrestricted|||funds||||||| |Total funds|||||6,456,002|2,115,211|(2,506,716)|210,000|6,274,497| ## ## |13|Analysis of net asse|ts|betw|een funds||||| |---|---|---|---|---|---|---|---|---| ||||||Unrestricted|Restricted|Total|Total| ||||||2020|2020|2020|2019| ||Tangible fixed assets||||6,503,698||6,503,698|6,742,807| ||Current (liabilities)/assets||||(835,991)|11,819|(824,172)|(468,310)| ||Long term liabilities||||(47,645)||(47,645)|| ||||||5,620,062|11,819|5,631,881|6,274,497| ||Analysis of net assets between funds (2019)|||||||| ||||||Unrestricted|Restricted|Total|| ||||||2019|2019|2019|| ||Tangible fixed assets||||6,742,807||6,742,807|| ||Current (liabilities)/assets||||(468,310)||(468,310)|| ||Long term liabilities|||||||| ||||||6,274,497||6,274,497|| |14|Reconciliation
ofoperating|||deficit to net cash used|in operating
activities|||| |||||||2020||2019| ||Net income/(expenditure)|||||(767,616)||(391,505)| ||Interest receivable|||||(1,516)||(7,842)| ||Interest payable|||||25,063||23,136| ||Profit on disposal ofassets|||||(27,500)||| ||Depreciation
charges|||||88,841||85,950| ||Increase
in stock|||||(2,777)||2,670| ||(Increase)/decrease|in|debtors|||85,019||52,291| ||Increase/(decrease)|in|creditors|||(61,060)||(16,507)| ||Net cash used
in operating|||activities||(661,545)||(251,808)| |15|Analysis ofchanges||in net|debt||||| ||||||As at1
September
2019|Cash flows|Other non-
cash changes|As at 31
August 2020| ||Cash and cash equivalents|||||||| ||Cash||||106,685|4,798||111,483| ||Overdrafts||||(153,394)|153,394||| ||||||(46,709)|158,192||111,483| ||Borrowings|||||||| ||Loans falling due within||one year||(836,973)|(107,869)||(944,842)| ||Loans falling due over one year|||||(47,645)||(47,645)| ||||||(883,682)|2,678||(881,004)| ## ## ## |||2020|2019| |---|---|---|---| |Other|leases:|f.|f.| |Within|1 year|5,482|5,482| |Between 2 and 5 years|||5,482| |||5,482|10,964| ## ## ## ## |19|Comparative
information|Comparative
information|||| |---|---|---|---|---|---| ||||Unrestricted|Restricted|Total| ||||funds|funds|2019| ||||f.|f.|f.| ||INCOME FROM||||| ||Donations
and legacies||||| ||Grants and donations|receivable|29,651||29,651| ||Charitable
Activities||||| ||Fees receivable||1,658,874|18,168|1,677,042| ||Registration
fees and|extra-curricular|290,406||290,406| ||income||||| ||Investments||118,112||118,112| ||Other||||| ||Total income||2,097,043|18,168|2,115,211| ||EXPENDITURE ON||||| ||Raising funds||47,674||47,674| ||Charitable
Activities||||| ||Provision ofeducation||||| ||Teaching costs||1,363,947||1,363,947| ||Welfare||286,764|18,168|304,932| ||Premises||247,966|1,498|249,464| ||Support costs ofschooling||540,699||540,699| ||Total expenditure||2,487,050|19,666|2,506,716| ||Net gains on investments||||| ||Net income||(390,007)|(1,498)|(391,505)| ||Gain on revaluation
ofassets||210,000||210,000| ||Net movement
in funds||(180,007)|(1,498)|(181,505)| ||Funds brought
forward|at 1|||| ||September 2018||6,454,504|1,498|6,456,002| ||Funds carried forward|at 31 August|||| ||2019||6,274,497||6,274,497|