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|||||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|
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||||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|||||
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||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|
##
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##
||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|
##
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##
##
|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.|
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##
||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|
##
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|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|
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||||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|
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