2020-08-31-accounts

				Page
Reference and administrative		details ofthe Charity,	its Directors and advisers
Directors' report				2-8
Independent auditors'	report	on the financial statements		9-11
Statement offinancial	activities			12
Balance sheet				13
Statement ofcash flows				14
Notes to the financial	statements			15-32

			Unrestricted	Total	Total
			funds	funds	funds
		Note	2020f	2020f	2019
Income from:
Donations and legacies			194,683	194,683
Charitable activities			4,961,092	4,961,092	4,756,041
Other trading activities			3,705	3,705	57,544
Investments			3,167	3,167	5,402
Total income			5,162,647	5,162,647	4,8 I8,987
Expenditure on:
Charitable activities			4,688,479	4,688,479	4,572,922
Total expenditure			4,688,479	4,688,479	4,572,922
Net movement in funds			474,168	474,168	246,065
Reconciliation offunds:
Total funds brought	forward		4,588,303	4,588,303	4,342,238
Net movement in funds			474,168	474,168	246,065
Total funds carried forward			5,062,471	5,062,471	4,588,303

				Balance Sheet	Balance Sheet
				As at 31	August 2020
						2020		2019
				Note				E
Fixed assets
Tangible assets				13		7,112,456		7,075,276
						7,112,456		7,075,276
Current assets
Debtors				14	319,828		166,624
Cash at bank and	in hand				843,728		571,078
					1,163,556		737,702
Creditors: amounts	falling		due within one
year				15	(1,226,716)		(1,054,797)
Net current liabilities						(63,160)		(317,095)
Total assets less	current		liabilities			7,049,296		6,758,181
Creditors: amounts	falling		due after more
than one year						(1,986,828)		(2,169,878)
Net assets excluding		pension asset				5,062,468		4,588,303
Total net assets						5,062,468		4,588,303
Charity funds
Restricted funds
Unrestricted funds
Designated funds				18	2,732,920		2,732,920
General funds				18	2,329,548		1,855,383
Total unrestricted	funds					5,062,468		4,588,303
Total funds						5,062,468		4,588,303

	Forth	e Year Ended 31 August 2020
			2020	2019
Cash flows from operating	activities
Net cash used in operating	activities		745,429	801,041
Cash flows from investing	activities
Dividends, interests and rents from investments			3,167	5,402
Purchase oftangible fixed assets			(252,094)	(231,792)
Net cash used in investing	activities		(248,927)	(226,390)
Cash flows from financing	activities
Interest paid			(110,399)	(113,678)
Repayments of borrowing			(91,684)	(86,064)
New finance leases				66,662
Repayments offinance leases			(21,770)	(15,325)
Net cash used in financing	activities		(223,853)	(148,405)
Change in cash and cash	equivalents in	the year	272,649	426,246
Cash and cash equivalents	at the beginning	ofthe year	571,078	144,832
Cash and cash equivalents	at the end of	the year	843,727	571,078
The notes on pages 15to 32form part ofthese financial statements

	Unrestricted	Total	Total
	funds	funds	funds
	2020f	2020	2019
Donations	9,500	9,500
Grants	185,183	185,183
	194,683	194,683

								Unrestricted	Total
								funds	funds
								2020	2020
Provision	of	Education						4,961,092	4,961,092
								Unrestricted	Total
								funds	funds
								2019	2019
Income	from	charitable	activities	-	Provision	of	Education	4,756,041	4,756,041

		Unrestricted	Total
		funds	funds
		2020	2020
			f.
Exam	fees	932	932
Other	income	2,773	2,773
		3,705	3,705

			Notes to the Financial Stateme For the Year Ended 31August	nts 2020
5.	Income from other trading		activities (continued)
	Income from fundraising		events (continued)
				Unrestricted	Total
				funds	funds
				2019	2019
				E
	Exam fees			8,316	8,316
	Other income			49,228	49,228
				57,544	57,544
6.	Investment	income
				Unrestricted	Total
				funds	funds
				2020	2020
	Interest receivable			3,167	3,167
				Unrestricted	Total
				funds	funds
				2019	2019
	Investment	income - local cash		5,402	5,402
7.	School fees receivable

					2020	2019
Fees					5,133,208	4,998,193
Less:
Scholarships,	bursaries	and	fee	discounts	(697,779)	(659,406)
					4,435,429	4,338,787

			Unrestricted	Total
			funds	funds
			2020f	2020f
Provision	of	Education	4,688,479	4,688,479
			Unrestricted	Total
			funds	funds
			2019	2019
Provision	nf	Education	4,572,922	4,572,922

Activities
undertaken	Support	Total
directly	costs	funds
2020f	2020	2020f
3,268,566	1,419,914	4,688,480

			Activities
			undertaken	Support	Total
			directly	costs	funds
			2019	2019	2019
Provision	of	Education	3,005,429	1,567,493	4,572,922

		Provision of	Total
		Education	funds
		2020f	2020f
Staff costs		3,223,076	3,223,076
Non-payroll	staff costs	45,490	45,490
		3,268,566	3,268,566
		Provision of	Totai
		Education	funds
		2019	2019
Staff costs		2,968,004	2,968,004
Non-payroll	staff costs	37,425	37,425
		3,005,429	3,005,429

	Provision of	Total
	Education	funds
	2020f	2020
Depreciation	214,914	214,914
Examination fees	13,182	13,182
Education requisites	80,373	80,373
Legal &Professional	25,206	25,206
Advertising	44,075	44,075
Catering	249,420	249,420
Utility charges	33,181	33,181
Motor and travel	43,004	43,004
Printing, postage and stationery	26,327	26,327
Debt collection costs	13,242	13,242
Staff training and recruitment	64,034	64,034
Telephone	13,475	13,475
School Trips	39,846	39,846
Computer and IT	71,810	71,810
Bad debt cost	40,000	40,000
School activities	52,440	52,440
Premises	204,156	204,156
Insurance	38,319	38,319
Interest	110,397	110,397
Other	25,236	25,236
Governance costs	17,277	17,277
	1,419,914	1,419,914

Analysis of	support costs	(continued)
				Provision of	Total
				Education	funds
				2019	2019
Depreciation				209,368	209,368
Examination	fees			16,597	16,597
Education requisites				68,491	68,491
Legal 8 Professional				20,240	20,240
Advertising				61,363	61,363
Catering				314,255	314,255
Utility charges				50,950	50,950
Motor and travel				38,883	38,883
Printing, postage and stationery				25,377	25,377
Debt collection costs				38,082	38,082
Staff training	and recruitment			42,979	42,979
Telephone				12,138	12,138
School Trips				'I17,607	117,607
Computer and IT				80,478	80,478
Bad debt cost				8,207	8,207
School activities				76,156	76, 'l56
Premises				184,639	184,639
Insurance				42,962	42,962
Interest				113,678	113,678
Other				34,243	34,243
Governance	costs			10,800	10,800
				1,567,493	1,567,493
Auditors' remuneration
				2020	2019
Fees payable	to the Charity's	auditor for the audit ofthe Charity's	annual
accounts				14,904	10,800

Staff costs
								2020	2019
									E
Wages and	salaries							2,579,413	2,455,913
Social security costs								242,014	228,263
Contribution		to defined	contribution		pension	schemes		401,649	283,828
								3,223,076	2,968,004
The average		number	of persons	employed		by the Charity	during	the year was as follows:
								2020	2019
								No.	No.
Teaching staff								53	49
Classroom	support							38	32
Administration								17	18
								108	99

2020	2019
No.	No.

	Freehold	Motor
	property	vehicles	Equipment	Total
Cost or valuation
At 1 September 2019	7,007,639	22,021	1,025,038	8,054,698
Additions	137,191		114,903	252,094
At 31 August 2020	7,144,830	22,021	1,139,941	8,306,792
Depreciation
At 1 September 2019	182,862	21,324	775,236	979,422
Charge for the year	93,877	174	120,863	214,914
At 31 August 2020	276,739	21,498	896,099	1,194,336
Net book value
At 31 August 2020	6,868,091	523	243,842	7,112,456
At 31August 20'/9	6,824,777	697	249,802	7,075,276

		2020	2019
Due within one year
Trade debtors		174,497	60,879
Other debtors		76,231
Prepayments	and accrued income	69,100	105,745
		319,828	166,624

15.	Creditors: Am	ounts	falling due within	one year
							2020	2019
	Bank loans						91,684	91,684
	Trade creditors						75,479	63,031
	Other taxation	and social security					65,702	61,129
	Obligations under finance lease and hire purchase				contracts		25,543	21,651
	Other creditors						728,507	402,086
	Accruals and deferred		income				239,801	415,216
							1,226,716	1,054,797
16.	Creditors: Amounts		falling due after	more than	one year
							2020f	2019
	Bank loans						1,982,804	2,074,488
	Net obligations	under	finance lease and	hire purchase		contracts	4,024	29,686
	Accruals and deferred		income					65,704
							1,986,828	2,169,878
	Included within	the above are amounts		falling due	as follows:
							2020	2019
	Between one	and two years
	Bank loans						91,684	91,684
	Between two	and five years
	Bank loans						366,737	366,737
	Over five years
	Bank loans						1,524,383	1,616,067

					2020	2019
Payable	or	repayable	by	instalments		1,6'/6, 067
						1,616,067

										2020	2019
Financial	assets
Financial	assets	measured	at	fair	value	through	income	and	expenditure	843,728	571,078

Statement offunds
Statement offunds	-current year
		Balance at 1			Balance at
		September			31 August
		2019	Income f	Expenditure	2020f
Unrestricted funds
Designated funds
Designated Funds -	all funds	2,732,920			2,732,920
General funds
General Funds - all	funds	1,855,383	5,162,647	(4,688,482)	2,329,548
Total Unrestricted	funds	4,588,303	5,162,647	(4,688,482)	5,062,468

Statement offunds	Statement offunds	(continued)
Statement offunds		- prior year
			Balance at			Balance at
			1 September			31August
			2018	Income f	Expenditure	2019
Unrestricted	funds
Designated	funds
Building fund			2,732,920			2,732,920
General funds
General fund			'/, 609,318	4,818,987	(4,572,922)	1,855,383
Total Unrestricted		funds	4,342,238	4,818,987	(4,572,922)	4,588,303

Summary	offunds - current year
		Balance at 1				Balance at
		September				31 August
		2019	Income F	Expenditure	f	2020
Designated	funds	2,732,920				2,732,920
General funds		1,855,383	5,162,647	(4,688,482)		2,329,548
		4,588,303	5,162,647	(4,688,482)		5,062,468
Summary	offunds - prior year
		Balance at				Balance at
		1 September				31August
		2018	Income	Expenditure		2019
Designated	funds	2,732,920				2,732,920
General funds		1,609,318	4,818,987	(4,572,922)		1,855,383
		4,342,238	4,818,987	(4,572,922)		4,588,303

Analysis	ofn	et assets between funds - current period
			Unrestricted	Total
			funds	funds
			2020 F	2020f
Tangible	fixed	assets	7,112,456	7,112,456
Current	assets		1,032,355	1,032,355
Creditors	due	within one year	(1,095,515)	(1,095,515)
Creditors	due	in more than one year	(1,986,828)	(1,986,828)
Total			5,062,468	5,062,468

	Analysis of n	et asse	ts	between	funds - pr	ior period
							Unrestricted	Total
							funds	funds
							2019	2019
	Tangible fixed	assets					7,075,276	7,075,276
	Current assets						737,702	737,702
	Creditors due	within one year					(1,054,797)	(1,054,797)
	Creditors due	in more than one year					(2,169,878)	(2,169,878)
	Total						4,588,303	4,588,303
21.	Reconciliation	of net movement			in funds	to net cash flow from operating	activities
							2020	2019
	Net income for the period (as per				Statement	of Financial Activities)	474,168	246,065
	Adjustments	for:
	Depreciation charges						214,914	209,368
	Interest paid						110,399	113,678
	Interest received						(3,167)	(5,402)
	Increase in debtors						(22,004)	(26,450)
	Increase/(decrease)		in	creditors			(28,881)	(263,782)
	Net cash provided		by	operating	activities		745,429	273,477

	Cash	in hand
	Total	cash and cash	equivalents
23.	Analysis ofchanges		in net debt

			2020	2019
Not later than		1 year	13,064	14,155
Later than	1 year and not later than 5years		41,369	15,639
			54,433	29,794