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|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|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|
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||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|||||
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||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||
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||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||
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|||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||
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|||||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|
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||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||
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||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||
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|||||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|
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|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.|
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|||||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|
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||||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|
##
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|||||||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|
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|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|
##
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|||||||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)|
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||||2021|2020f|
|---|---|---|---|---|
|Contracted|for but not provided|in these financial statements|||
|Acquisition|oftangible fixed assets||335,651||
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|||||||||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|
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