2021-08-31-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	2021f	2021 F	2020f
Income from:
Donations and legacies			60,382	60,382	194,583
Charitable activities			5,395,350	5,395,350	4,951,091
Other trading activities			101,588	101,588	3,705
Investments			564	564	3,168
Total income			5,557,884	5,557,884	5,152,647
Expenditure on:
Charitable activities		8	5,381,398	5,381,398	4,688,482
Total expenditure			5,381,398	5,381,398	4,688,482
Net movement in funds			176,486	176,486	474,155
Reconciliation offunds:
Total funds brought	forward		5,062,468	5,062,468	4,588,303
Net movement in funds			176,486	176,486	474,155
Total funds carried	forward		5,238,954	5,238,954	5,062,468

	Fort	he Year Ended 31August 2021
			2021 E	2020f
Cash flows from operating activities
Net cash used in operating	activities		731,562	745,429
Cash flows from investing	activities
Dividends, interests snd rents from investments			564	3,167
Purchase oftangible fixed assets			(803,442)	(252,094)
Net cash used in investing	activities		(802,878)	(248,927)
Cash flows from financing	activities
Interest paid			(113,624)	(110,399)
Repayments of borrowing			(2,096,510)	(91,684)
New loans			2,200,750
Repayments offinance leases			(23,428)	(21,770)
Net cash used in financing	activities		(32,812)	(223,853)
Change in cash and cash	equivalents in	the year	(104,128)	272,649
Cash and cash equivalents	at the beginning	ofthe year	843,727	571,078
Cash and cash equivalents	at the end of	the year	739,599	843,727
The notes on pages 15to 32form part ofthese financial statements

	Unrestricted	Total	Total
	funds	funds	funds
	2021	2021	2020f
Donations			9,500
Grants	60,382	60,382	185,183
	60,382	60,382	194,683
Total 2020	194,663	194,683

	Unrestricted	Total	Total
	funds	funds	funds
	2021	2021	2020
		F
Provision of Education	5,395,350	5,395,350	4,961,091
Total 2020	4,961,091	4,961,091

		Unrestricted	Total	Total
		funds	funds	funds
		2021	2021	2020
Exam	fees			932
Other	income	101,588	101,588	2,773
		101,588	101,588	3,705
Total	2020	3,705	3,705

				Unrestricted	Total	Total
				funds	funds	funds
				2021	2021	2020f
	Interest receivable			564	564	3,168
	Total 2020			3,168	3,168
7.	School fees	receivable
					2021	2020f
	Fees				5,996,376	5,910,064
	Less:
	Scholarships,	bursaries	and fee discounts		(639,973)	(765,804)
					5,356,403	5,144,280

	Unrestricted	Total	Total
	funds	funds	funds
	2021	2021	2020
		E
Provision of Education	5,381,398	5,381,398	4,688,482
Total 2020	4,688,482	4,688,482

	Activities
	undertaken	Support	Total	Total
	directly	costs	funds	funds
	2021 8	2021	2021	2020f
Provision of Education	3,528,111	1,853,287	5,381,398	4,688,482
Total 2020	3,268,564	1,419,018	4,688,482

		Provision of	Total	Total
		Education	funds	funds
		2021	2021	2020
Staff costs		3,503,808	3,503,808	3,223,075
Non-payroll	staff costs	24,303	24,303	45,480
		3,528,111	3,528,111	3,268,564
Total 2020		3,268,564	3,268,564

				Provision of	Total	Total
				Education	funds	funds
				2021	2021	2020
				E
Depreciation				268,755	268,755	214,914
Examination	fees			8,817	8,817	13,182
Education requisites				78,856	78,856	80,373
Legal &Professional				61,166	61,166	25,205
Advertising				54,424	54,424	44,075
Catering				325,331	325,331	249,420
Utility charges				27,030	27,030	33,180
Motor and travel				34,278	34,278	43,004
Printing, postage and stationery				78,671	78,671	26,328
Debt collection costs				22,819	22,819	13,242
Staff training	and recruitment			69,020	69,020	64,034
Telephone				16,175	16,175	13,475
School Trips				26,377	26,377	39,846
Computer and IT				120,822	120,822	71,810
Bad debt cost				84,241	84,241	40,000
School activities				24,369	24,369	52,441
Premises				205,575	205,575	204,157
Insurance				34,908	34,908	38,319
Interest				113,624	113,624	110,397
Other				186,929	186,929	25,238
Governance	costs			11,100	11,100	17,277
				1,853,287	1,853,287	1,419,918
Total 2020				1,419,918	1,419,918
Auditors' remuneration
					2021	2020
					E
Fees payable	to the Charity's	auditor	for the audit ofthe Charity's	annual
accounts					6,950	6,950
Fees payable	to the Charity's	auditor	in respect of:
All non-audit	services not included above				4,150	7,954

Staffcosts		For	the Year Ended 31August 20	21
				2021	2020f
Wages and	salaries			2,823,198	2,579,413
Social security costs				239,273	242,014
Contribution	to defined	contribution	pension schemes	441,337	401,648
				3,503,808	3,223,075

		2021	2020
		No.	No.
Teaching	staff	53	53
Classroom	support	25	38
Administration		34	17
		112	106

2021	2020
No.	No.

				Assets
	Freehold	Motor	Office	Under
	property 5	vehicles	equipment	Construction	Total
Cost or valuation
At 1 September 2020	7,144,830	22,021	1,139,941		8,306,792
Additions	136,012		117,064	550,366	803,442
Disposals		(22,021)			(22,021)
At 31 August 2021	7,280,842		1,257,005	550,366	9,088,213
Depreciation
At 1 September 2020	276,739	21,498	896,099		1,194,336
Charge for the year	99,909		168,846		268,755
On disposals		(21,498)			(21,498)
At 31 August 2021	376,648		1,064,945		1,441,593
Net book value
At 31 August 2021	6,904,194		192,060	550,366	7,646,620
At 31August 2020	6,868,091	523	243,842		7,112,456

		2021	2020
Due within one year
Trade debtors		88,717	174,497
Other debtors		5,097	76,231
Prepayments	and accrued income	67,500	69,100
		161,314	319,828

			2021f	2020f
Bank loans			131,156	91,884
Trade creditors			137,783	75,479
Other taxation and social security			72,467	65,702
Obligations under finance lease and hire purchase		contracts	6,139	25,543
Other creditors			497,769	728,507
Accruals and deferred	income		353,775	147,684
			1,199,089	1,134,599

						2021f	2020f
Bank loans						2,047,572	1,982,804
Net obligations		under finance lease and		hire purchase	contracts		4,024
Accruals	and deferred		income			61,918	92,117
						2,109,490	2,078,945
Included	within	the above are amounts		falling due as	follows:
						2021	2020
						6
Between	one and two years
Bankloans						137,503	91,684
Between	two and five years
Bank loans						434,164	366,737
Over five	years
Bank loans						1,475,905	1,524,383

							2021f	2020f
Payable	or	repayable	other	than	by	instalments	1,475,905	1,524,383
							1,475,905	1,524,383

2021	2020f
739,599	843,728

Statement	offunds	- curren	t year
			Balance at 1				Balance at
			September			Transfers	31August
			2020	Income	Expenditure	in/out	2021
			E	E		E
Unrestricted	funds
Designated	funds
Designated	Funds		2,149,814				2,149,814
Building fund			583,106			(136,012)	447,094
Old Babingtonians				57,273			57,273
			2,732,920	57,273		(136,012)	2,654,181
General funds
General fund			2,329,548	5,500,611	(5,381,398)	136,012	2,584,773
Total Unrestricted		funds	5,062,468	5,557,884	(5,381,398)		5,238,954

Summary	offunds - prior year
		Balance at				Balance at
		1September				31August
		2019f	Income f	Expenditure	f	2020 f
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

Analysis	ofn	et assets between funds - current year
			Unrestricted	Total
			funds	funds
			2021f	2021f
Tangible	fixed	assets	7,646,620	7,646,620
Current	assets		900,913	900,913
Creditors	due	within one year	(1,199,089)	(1,199,089)
Creditors	due	in more than one year	(2,109,490)	(2,109,490)
Total			5,238,954	5,238,954

Analysis	ofn	et assets between funds - prior year
			Unrestricted	Total
			funds	funds
			2020f	2020
Tangible	fixed	assets	7,112,456	7,112,456
Current	assets		1,163,556	1,163,556
Creditors	due	within one year	(1,134,599)	(1,134,599)
Creditors	due	in more than one year	(2,078,945)	(2,078,945)
Total			5,062,468	5,062,468

						2021	2020
						E
	Net income for the year (as per Statement				of Financial Activities)	176,486	474,165
	Adjustments for:
	Depreciation charges					268,755	214,914
	Interest paid					113,624	110,399
	Interest received					(564)	(3,167)
	Decrease/(increase)		in debtors			158,514	(22,004)
	Increase/(decrease)		in creditors			14,224	(28,551)
	Profit / (loss) on disposal offixed			assets		523
	Net cash provided	by operating		activities		731,562	745,425
22.	Analysis ofcash and cash equivalents
						2021	2020
						F
	Cashin hand					739,599	843,727
	Total cash and cash		equivalents			739,599	843,727
23.	Analysis ofchanges		in net debt
					At 1
					September		At 31
					2020	Cash flows	August 2021
							E
	Cash at bank and in hand				843,728	(104,129)	739,599
	Debt due within 1 year				(91,684)	(39,472)	(131,156)
	Debt due after 1 year				(1,982,804)	(64,768)	(2,047,572)
	Finance leases				(29,567)	23,428	(6,139)
					(1,260,327)	(184,941)	(1,445,268)

			2021	2020f
Contracted	for but not provided	in these financial statements
Acquisition	oftangible fixed assets		335,651

								2021 E	2020f
Not later than		1 year						21,654	13,064
Later than	1 year and		not later	than 5	years			32,147	41,369
								53,801	54,433
The following		lease	payments	have	been	recognised	as an expense	in the Statement	of financial
activities:
								2021 E	2020f
Operating	lease rentals							34,234	14,155