Cbarlty Reglstradon No. 307931 Company Reglstratlon No. 86S624 THE ENA MAKIN EDUCATIONAL TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 THE ENA MAKIN EDUCATIONAL TRUST ANNUAL REPORT AIYD FINAIYCIAL STATEI¥IENTS FOR THE YEAR ENDED 31 AUGUST 2021 cor4TENTS P¥ge$ Leg81 gnd AdminlstT*tlv¢ InforJn4rfon GoverDors' An•u81 Report llldependent Auditor's Report io Statement of Fin8Dcig1 Activitie5 13 Balance sbeet 14 Statement of Cash Flows 15 Notes to the Financial Statements 16 THE ENA MAKIN EDUCATIONAL TRUST LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 AUGUST 2021 Reglstered offlee: The Granville School 2 Bradbourne Road Sevcnoaks Kent TN13 3LJ Registered Number: 865624 (England and Wales) Charity Number: 307931 (Engl￿￿ and Wales) The Governors Ire tbt Dlreet•r8 of the En• M•kill Educitional Trust The following selved as Governors since the start of the year.. Nicole Coll (Chair from 1st September 2020> Rowena Bolion T8mlyn Etrin Charlotte Gl4nvill¢ Anna Jobke Mwai (Idewale Heather Paget-Browi] Velizar Tar&shev During the year and subsequently up to the dat¢ of a￿rOvIng the awwnl4 the followtng Governors were appoIn￿d.. Bridget Ward (12th November 2020) George Brown (12th Novern￿r 2020) Jackie Thomas (12th November 2020) Ka* East(>n (17 Mareh 2021) Michael ZheD8 (9 November 2021) Duriug th¢ y¢ar. the following Govemors ruigned: Margaret Giblin (31" Deeember 2020) David Mackenzie124 Jutte 2021) Audiiors: Haysmacintyre LLP 10 Queen Stre London EC4R IAG THE EIYA MAKIN EDUCATIONAL TRUST LEGAL AND ADMINISTRATIVE INFORMATION (C0nrfttu￿1) FOR THE YEAR ENDED 31 AUGUST 2021 Banker5: Adam & Co 6 Adelaide Street London WC2N 4HZ National Westminster PLC 67 HiEh Street Sevenoaks Kent TN13 ILA Lloyds Bank PLC 83 High Street Sevenoaks TNIJ ILG Cont#ct det8ils: The Granville Sch￿1 2 Brddbourne Park Road Sevenoaks Kent TN13 3tJ r#nifilk%hool. Re8]￿ered oharity No. 307931 THE ENA MAKIN EDUCATIONAL TRUST GOVERNORS, REPORT FOR THE YEAR ENDED 31 AUGUST 2021 The govemors preseni their annual r¢wrt finan¢ial sthtements for the year ended 31 August 2021. OBJECTIVES AND ACTIVITIES The charitYs objectives are the advancement ofdu¢alion and the benefii of the wblic. iti particular by the provision and conduct of a day school for boys and girls residing in or near Sevenoaks. In furtherance of this objective, th¢ governors. as charity twstees. have complied with the duty in S.4 of the ClJari¢ies ACE 2011 to have due regard to the Charity Commissii)n's publishedgeneral and relevani sub-scctor8uidance ¢on¢¢rning the ¢)peration of the Public Benefit requitement un(kr that Acl. EDUCATIONAL AIMS The School caters for boys and girls in the Pre-S¢hool from 3 to 4 years old and girls in the PrEp School frorn 4 to I l y¢ars of age. Th¢ Sch¢)ol aims to fosier and provide an excellent all-round educalion for its pupils. This encompasses their academic, social development, physical development and wellbeing through its academic curriculum, pastoral care. sportin8, and other extrd-¢urriGular activities. The Granville providcs an educational environment where every child can rrali5e his or her trLEe potential by developing knowledge. confidence and self-relian¢e within a supp)nive a￿1 Iwjpy school cotnrnunity. The Granville School aims 10 set the highest academic and pasioral stsndards. Experienced staff identify and develop the full potential and natural talents of each ind1vith￿l child in order to prepare them for a fulfilled. happy and productive life. l. To provide exceptional and inspirntTonal teaching acr055 a broad, siimulating and ambitious cuniculum wbere each pupil develops a love for leaming, maximise5 their tull potenti31 and gains a place at a senior school where they will cotltinue to ihrive 2. To offer oulsianding pasioral eare in a sch(x)l that is Safe, healthy and envirot)mentally. culturdlly and s(Kially aware 3. To offer all the pupils ihe Opwp￿nlty to explore and develop their talents in and beyond the academic cutTiculum through the provision of an ouislanding extra-curricular programme 4. To raise the profile of the Granville as a centre of academic ¢x¢ellen¢¢, ¢wtstat)dinE personal development and exceptiortal pastoral eare 5. To optimise the use of the ￿l￿)01'S rtsoum including styff, ICT. infraSM￿￿￿e, land and buildings ftsr the bertefit of the current and future pupils Academlc Th¢ school'5 strategy for achieving high perfomiatKe. d¢rnonstrating ex¢elleni value added to Mandardised scores. is to mainiain thehigh quality ofour teaching. through retnjiltnent. teach¢rd¢velopmeni a￿1 apprai5al& Our ieacher-to-pupil r￿105 play and Emportant part in the process of bigh perfonDanc¢ and we lailor our teaching, learning strategies and delivery as appropriate to meet the imdividual needs of ow pupils. Despite the pandemic, The Grnnville School I￿$ been delighted with tts enty examination results to Sertior Schools, dernonstraling the excellent remoie learnin8 programme provided by the during lockdown. Of the Year 6 ¢ohort 0131. 20 (650/u) sat and pttssed the Kent I l+ with 16 gir]s180V.) being offered a place thi Tonbridge Grammar School for Girls. 10 Girls (32O/.) were offered a place ai Sevenoaks Sch(x)1.12 with scI￿larshIps). A iothl of 26 seholarships Jud awards were offe￿d at a numbEr of prcstigiow ]￿le[￿ent Sen1￿ schools. The S¢hool's edu¢ational o(Fer is underpinned by a broad curriculum with subject specialrst teaching incmsiAg as girls progre&8 through th¢ year grwps. This is combined with a cross curricular approach where possible which also helps 10 both widen and enkbed knowledge. This is supported by iniliatives ￿ch as Forest S¢knl and the enriched praciical experiences of wotkshops. trips and visiis. The curriculum is also elllwlced by theaire and M￿81C81 workshops. s￿l￿ellerS history ihemed workshops. visiting speakers, Virnjal Reality beadsets and visits io l(Kal places of interest and the chtldren's competent use of IT gives th¢tn great access to a wide Yange of ontine r¢50UW￿ to suppon learning. Tesiing, standardised a85es5ment and beAC￿nark￿B helps to assist the kh(xTrl p8r¢nts im a thorough understhnding of the children's progress tts well as ￿lTrg a very useful ￿11 whth coL8id¢ring (ytions for Senior￿h0o]& THE ENA MAKIN EDUCATIONAL TRUST GOVERNORS, REPORT (contlnlled) FOR THE YEAR ENDED 31 AUGUST 2021 All children are supported to rtach their potential including those who fllyj learning a cballen8e. Our SEN department IS key pillar in th¢ fjrdDvill¢ approach. The SENCO works with the sthff to ensure thai ¢he school provides Care￿IlY designe pupil centric support so that childrcn that require Li have the help that they need. Pupils may be thughi on a l-l basis or in small groups, they may access io sensory circuiw Lego therapy and Ne&8y Phonics intervention. The SENCO also co- ordinates weekly visits by the specch and language therdpists and the (Kwional Educ4tional Psy¢hologi5t wessm¢nts. Likewiye, more able, gifted and ￿len￿d {MAG&T) provision 1$ also an important part of ihe Granville approach. MAG&T children are identified ond then challenged with a variety of differentIa￿d work, focus aciivities, clubs and pathway& This ensures that the ¢hil(tren can realise their potential in the areas in which they excel. The staff. governoTS, parents and the girls Ihemselves. are immensely proud of the Granville girls. achievements. We are always thrilled when their effons are recognised and even more so when our bright and tslcnted girls gain scholarships and awards to their chosen senior schools. Thue awards cover many areas of ihe curriculum.. academic, music, sport, art and drama. Pastor•l Every child is known by every teacher in the %hool. Pupils shart woNies or concerns with the ￿ather5 who they trust. All the girls belong to one of the four Houses. which roS￿r fn"endly competition artd also allows the childrert, of all ageK io work together with children of oiher year groups. ¢reaiinE a seTW of belonging and Commurtity. Through the School Council the hildren all contribute to the way school operates. where their ideas are cortsidered and fed back to the school via School Council assemblies in order thai the children feel thai their opinions Thatter. The 'Feelings Box. is widely used, and Children share their though￿ and feelings through noies posted. which tre followed up by the Heathnistrels. Pupils achieve their be￿ in an envirotuneni which is caring. safe and encowaging. We have a very happy sch￿1 with a strong family feel. Ouraim is to rTear everyoneasan individual and iomeei theirneeds so thei theyflourish as 8 learnerand a member of the ￿h￿l ¢omrnunity. The Sch(K)l Dog positively impacts the children and p￿)lIs, and sthff say thai she has hely*d wilh dealing and coping with anxi¢ty, moral¢ and w¢llbeing. C04urrl¢u14r and Extr•-CuTricular Cu￿1¢￿lar co-curricular aciiviiies are a viial pan of life at The Granville Sch(K*l and is a key comTMmeni in ensuring that each girl reaches her highest level of personal achi¢vement. Here there are pleniy of opporninities to develop new skills whether in or out of the classroom. Our broad and varied curriculum, together with the extensive subject knowledge of our specialist *&h¢rs, a wide rgnging ¢xtra-curricul8r PTogramme and entries into challenging compeiitions achieves this. National compeuiions such as Primary Maths Challen8e. whicb is airned at children in Years 7 and 8 provid¢ great challcnge for the more able. Eleven girls achieved the Gold Award. eight girls achieved Silver and fourteen were awarded BroT￿e, with seveij going through to the Bonu5 round. The Year 6 girls twk part in the International Primary Laiin Proj'eci's M￿hOl0gY Compeiits"on. with one pupil winning 1st prize in ihe KS2 Creative Writins and another pupil winning 2nd ptize ID the KS2 Art category. Many of our Year 6 girls. compleie indeT*n&nt study towards the l.T. IDEA awaTds.17 giTls completed theiT Bronze Award and 8 completed their Silver Award. which ts ilte equivalent to GCSE level cornputing. Participation in inter-5chool events a150 improves perforrnance and the girb i<)ok part in many such evenis in English. Science, spon and music. One of our pupils won a highly commended in the Sir Plll"lip SidtLCy Poetry CouwKution and two pupils won Prizes lor their ¢ntries in th¢ First News Story Competition Swrt and physical fi￿￿5S have a very prominent place in the curri¢ulum. Th¢ PE Curri￿1￿M offtrs many OPPOTturiities to participate in a range of sp)rts all of which tre delivered by specialist spons teachers. There is a full programme of f]xtures in several sport5 including netball. h(Kkty. aihleiics. rounder5. t¢nnis, swimming. Cross-￿V￿try and ¢ri¢ket, wher¢ ¢v¢ry ehild in Year 3 to Year 6 compe(es in inier-school compeiitions. The nurnber of teams that participate in competitive sport has been inCTeued to ensure th￿ girls ihe oH￿r￿mIty io learn from the exp¢riethce of witining and losing irt the sporting THE Ef4A MAKIN EDUCATIO]Y AL TRUST GOVERNORS, REPORT (continued) FOR THE YEAR Ef4DED 31 AUGUST 2021 ontex¢ with a C and D team toumarnents w provide greater oppornmity for those teams. All pupils have the oppo￿nIty io work towants the following awards.. BAGA awards for gyrnnast1￿, natiODal 5wirnming awards and ballet ¢xams. MUSLC plays a very important role in day-t(pday life at The Granville. This ranges frotn daily singing in as5¢mbli¢5 to exciting weekly music lessons to elabora￿ festiyals and large-scale wforniances. Every girl learns io play an instrurneTLt in Year 2 and Year 3 Curriculum lessons and there are many oppornjniiies for individual lessons in piano aJNJ oiher orchestral instNmenis from Year 2. Over 90Yo of pupils in Year5 2 to 6 learn an instrument either in or out of school. We have two 0￿h¢Stra$, two ¢hoirs and numerous clwnber groups thaE allow girls the opporninity ￿ practice ajbj perfomi significani musicalpieces and prepare fortheirABRSM music exams. wher¢ great success is enjoyed. Granville girl$thriv¢ on the r¢gul#r perfomiances we hold. This year most being filmed and Streamed to parents. Drama is another feamre of a Granville education artd a key p8rt of our provision that eqllips the children with the confidence and poise to address a group. Fundam¢ntal io our inclusive approach to Drnma is thai every pupil should have a moment lo shine in ourperfomiances. Our festivals and pcrforrna￿ nol Only provide a Showcase for our many talented performer5, but they ore a150 a carefully managed oppotnmity io encourage and build confidence in every pupil. All children. including Kindergarten perforn) publicly. At Christmas, Pr¢-S¢hool and Reception Children put on a Chn'stmas concert Jnd Nativity respeciively and Year l and 2 perfom)ed the Nulcrdcker. Year 4 also Starred in 'Jungle Bwk. an al[￿]ng TnulÈi-settin8 filrTE. The teAr jerking and heart-warming Year 6 perfornian¢e of 'Wathorse' another blockbuster with many wenes filmed outdoors. The ¢enifi¢aied LAMDA programme is very popular with Years l and 2 taking Entry Level and Grade I Choral speaking, Year 3 takin8 their individual enty level and Year 4 to Year 6 girb tsking LAMDA acting classes. All girls taking their LAMDA examinattolls passed attd 56 with distitiClioD. Forest School le&sons continue io be a highlight of the we£k for pupils frorn Kindergarten to Year 3 and allows the children to creatively use th¢ woodland that borders the scknl, whilst challenging themselves physically and socially as they problem solve iogether. Outside the cla￿rooM we continue 10 expand the exiensive and exciring range of after-school clubs and a fvll progrnmme of whole-school enri¢hment activities where pupils brith and deepen learning experiences aud discover D¢W Interests and l¢nts, ¢.g., from the p)pular Mandarin Club io ihe long rnnning Puzzle Club. Despiie lttkdown. where clubs went ViENal aTJd then into bubbles. our pupils benefit from enthusiastic teachers keen to thare interests and passions alongside skilled coKh¢s frorn external organisaiions who add value and varieiy to our offtts. including hockey. tem)is. gymnastics, multispon, rugby and cricket. the latter both inuwstng in populariry ￿ girls. games. Outreach The School believes li As nece&8ary to sUP￿)rt children who would not otherwi5¢ ￿ abl¢ to ktDefit from a Gr8nvill¢ education through a s¢ri¢s of burwies. This year the value of means butsaries iothlled £48.361. (2020 £52.010. 5 children) these provided assistance to 4 pupils, two of which were transfornlational bursari¢5 at IOW•. The Govemors review the Bursary Policy regularly and advertise the availabiliry of bursaries to ensure that ¢kn"Ith￿ from outside the Sch￿?1 are able to access metns-tesied fee asgistsnc¢. In the Current climate Governors are acutely aware of financial hardship of existing parents and aim to approach these cases with a syrnpathetic approach whilst balancing the essential fairness of a means ethodology. Our time-honoured tradirions are at the heart of a Granyille calendar. but ihis is maxed with a forward-looking stance. equipping pupils for the challeng¢s of rn¢Mlern life. Many pupils are daugh￿[$ of pasi pupils who want their children to share in the values and eth05 of a Granville educ*ioty w￿"¢1￿ 76 years latcr. Are still relevant. Trdditional events such as 'Stirring the Pudding. #nd 'Spring Fesiival, bring ihe whole school community iogether. The Granville exudes a genuine sense of family amongst the children. staff and parents and it was with 8reai hope that we be8aD once again to open many of ourevents to parents. though with ¢¢)n¢inuous management of the Covid-19 risks some were available thr￿gh 8 range of mediums. including Zoom. filming and live Streaming. The Granville has a well-established tradition ofsuptthing many l¢)¢aJ and nauonal ¢lwiiies whtch give the ¢hildr¢n 4 respxt and un(krstanding for the wider community and ihose ie&8 forDJnate than themselves or in need. During lockdown we established a series of Fridoy competitions in which pupi]5 entered and raised money or worked towards several initiatives. THE ENA MAKJN EDUCATIONAL TRUST GOVERNORS, REPORT (colltlnued) FOR THE YEAR ENDED 31 AUGUST 2021 The children joined the Sevenoaks Cleanup. I￿k part in a guess the teacher competitiort in support of Place2Be, contribU￿d to the community lY￿k Coll￿tIon and Laptop Librdry initiativ¢, baked for the schry)I dog Inspir￿ Cooki¢ Bak¢ and the Book Day bake off, jumped in puddles for Cartcer Reseatch and (wtiised a Jtsrtior Le*dership Fayre. All in all, over £1,500 was rdised. School Resources The resources of the School are for sole purpose of Atstarning and developing the delivery of its charitable objectives. Uliimafrly ¢verything we do is PTin¢ipally for the edu¢alion and wellbeing of our children but also our personnel. Th¢ last Iwo years have challenged (rtwresources in a way not experienced before with the I￿PU¢l of the Covid-19 pandemic. We have also embarked on long-expe¢ted expend1Th￿¢ for ihe roof replacement of our Early Years facility expected to be cotDpleled by Tnid-February 2022. Thi5 rwf rq)lacetnent is funded from School reserves and note 16 of the Accounts provi(k further inforniaiion on that commitment. The Schr￿1 ha8 a rolling J year planning framewoth alld ts guided by these forecasts when developing ond plannhng pupil T¢uuilm¢nt an(Vor costs savings. FUTURE PLANS TtLe School's ￿ts￿re plans are driven by the strategic objectiv&s identified thTrve. The overnll aim of which is to provide art educational environment Whe￿ every child Can realise his or her poiential by developing knowledge. confidence and self- reliance within a supportive and happy school comtnunity. W¢ int¢nd to ¢ontinu¢ to rnainlain th¢ S¢bool's PQSltion in a compdiiive market by providing a fTrsi-cl8ss education for our pupi15. achicvin8 a high standard ofaeademic results, wkn.lsi myintaining the breadth and depth of a broad, futtwe fa¢ing and relevant curriculum and outstanding pastoral care. The School has complered a stra(egi¢ review and is ￿[ing both its markeiin& development and financial risk management plans. Development and marketin8 plans are financed primarily from our reserves and fee income. The Governors ensure robust budgding and cash flow Morti￿r￿￿ are exC￿lsed to ensure the schwl can meet its ongoing educational needs while reviewing the feasibility of dev¢loprn¢nl projects, we continue to invest in our estat¢ and fa¢ilitie$. MJiniaininB and developing the fabri¢ and faciliiies of the School are ceniral io ourstrategyand the sch(x>l wtll Continue io improve lis facilities And provisions in th¢ coming years. The GoveThKJrs are saiisfied thai the s¢1￿1 sufficient available fill￿5 and fa¢ilitLe5 to meei its siraiegic objeciives. The Govemors review our Bursary Awards policy atmually to ensure that l¢Kal children can a¢wt off¢rs of p18ees at our School through the availability of means*tested fee assistance. The Governo￿ place 8rrat importance on the bursary awards to wid¢n ￿¢¢￿5 10 8 Grdnville d￿allon. OUR FINANCES The fuw]cia] s￿leMents show net deficit of iticome and movement in fimds for the year on Schwl a¢iLVllies of(£290,181) {2020.. £248,861 deficit). Th¢ prin¢ip41 source of income is fees ￿￿O￿ar]ng for 970/012020.. 94.6Yol of ihe S¢hwl'5 income. The Governots are Continuu￿ their strategy of deplOYll￿ all rtet incoming resou￿ to TllVC5ting in the educatiOTJal purposes and f￿lIttieS of the s¢hcol. Reserve¥ and Finanelil Health As part of the effeclive governance of the sch￿1. the Governors rtteive moftthly mal￿gement accoun￿ witb a review of finpn¢es, budgets, ¢xpenditure and variances against budgets iogeiher with a monthly cash flow forttast analysts. The Goyernors have invested substantial 5urns into new sch(￿1 buildings recent years and have a continuing programme ol refiJrbishmenL developrneni and investsneni ￿ maiotsin excellent teaching faciliiies for our pupils. The closing value of our tangible a&8et& property, plant artd equipment, was £3.Th),706 (2020 £3,431.8331. Ai 31 August 2021. the Sehool's funds were £4.390,943. comprised of restricted of £14.OLK) and unrestricted furtds of £4,376.943. Net current assets werc £890237 THE ENA MAKIN EDUCATIONAL TRUST GOVERNORS, REPORT (continued) FOR THE YEAR ENDED 31 AUGUST 2021 Going Conce After making appropriaie enquiries. the Governors have a reasonable eXpeC￿lI0n that the School has adequate resources continue 118 operations for the foresttable furnre. For this reason. it continue5 to adopt th¢ going concern basis in preparing the financial siatements. Further detsils regarding the adoption of the going concern basis can be found in the Sthtement of Accounting Poli¢i¢s. STRUCTURE, GOVERNANCE AND ￿lANAGEMENT Governors are &p￿Inted as vacancies arise. In making appoitith)ents Govemors tske into accouni Charity Commission guidanc¢, th¢ depth and breadth o(5kills experience Tequired by the schwl namely in safeguarding, health and safety, laws. financiaVaccoun(ing. regulatory compliance. buildingdesign & surveying andeducational experience. seniormanagerial andlor con)mewial busine￿ human resource practice and prnmises management. Poteniial candidates WI￿ possess Ihe requisite personal andspeeialist skL'I]sare id¢ntified, discussed by GoVernorSaT￿ invited to b¢¢otThe# Gov¢rnor a$ appropriate. The Governor5, who are also thecharity trusttts, deierniine the general policy of the school. Significant expendituredecisions and major capiial projects are refe￿d ts> the Governors for approval. The day-to-day rnanagetllenl of the 5chtK)l is delegated to the Headmi51re5s and the Senior Leadership Team. The Full Board of Governors meet three (imes a year. with each committee also meetin8 at least 3 time% a year. Th¢ Granvill¢ Sohool Bursar, who 15 #Iso Clerk to the Governors, Cth conferen¢es perrnit appropriate r¢pre5¢ntation to Government and regulators on the views of the sec￿r. THE ENA MAKIN EDUCATIONAL TRUST GOVERNORS, REPORT (¢ODt£nued) FOR THE YEAR ENDED 31 AUGUST 2021 The School is sirncmred and organised io ensu￿ eollalxJTaiion. learnin8 and involvemeni ofall employees. pn)viding channels and forum for employees al all levels to be involved in all are￿ of the S¢h(K)l. There is a ¢a5cading stru¢lure of rntttings at the levels of heads of departtttenl divisional heads, subjec( staff. operniional staff and the senior leadership team where the business of the School is raised. discussed and bdierouicomes arrived ai ona weekly basis. Project teams are created regu]arly to deliver improvements or change programmes using the appropriate Skills of employees. Settlng pay for staff and key JD•nagement peTsonnel A number of criteria are used irt setting pay. the national pay scales. the Mture of the role and responsibilities,. indtvidual perforn)ances' the sectoraverage salary for comparable positions using AGBIS surveys and IAPS advi¢e and trends in pay in rK¢Tht years. Risk Management The school maintasns a risk register which is reviewed annually by the Compliance and Risk Committee and is presented to the Board of Govem015 for approval. A5 tisk5 oversight is mappEd to each i%)ard committrt the risk register is shared with 11 cotnlnittees for COTlltnent durin8 the revicw pr(KeS5 leading UP to Board apptvval. The Board also takes particular account of the risks 8550ciated with si8tuficant capital projects, whctt the necd for extensive professional advice before and during projects are critical to 5u¢ce&8. The Governors routinely consider the major risks and other possible risks faced by the School and the probability of the risks arising at commit￿t medings. They are assisted in this regard by the sch(N)I's Senior Leadership Tealn. ￿"Sk 1$ Tnanaged under the two brt)ad groupirtgs of Operational and Strategic risks. below which a number of risk heading5 are allocated. includin8 these kty risks". Safeguarding, Education & Pastoral outcomes Regulatory Compliance ICT resilience. security and bus5ness continuity Naiional Emergencies GovernaThce Through the above risk managemeni framework and its review, the Governo￿ are satisfied th*t the rnajorrisks are identified aad a5 far a5 practicable. have been adequately mitigated. It 15 reco8nised thai systems can only provide reasonable but not absoluie assurance that major risks have been adequa*ly managed. Key risks All risks flow ba¢k to the reputatson of the school such that there is a potential tnalerial Ernpact on current and future pupil numbers. and the ability of tbe school to attract high quality Staff. Th&%e key risks are managed tltrough safeguarding and staff safei recruimient policies. pasioral and wellbeing gjppon for both pupils and sthff, high qualiry teaching and le#rning and active identiflcation and rcsolution of health and safety related isyjes. As in the prior year wc have continued to mamage extensively the risks assoCia￿d with the COVILk19 viNs. Pandemic risk is now and will remain a key risk for the School in th¢ yeaTS ahead. Continued COVID-19 disrup¢h Th¢ Granville School, in ¢ommon with 5¢h(x)Is naiionwide, fac¢d another nauonal lock(k)wn in January 2021. The School agaÉn adapted quickly reverting io remote leaching by delivering 8 ￿11 remo* lean)ing programme. which followed pupils. nonnal daily timetables and even managing some online clubs and competitions. Teachers taught a full timetable of virnial face to face lessons using Zoom and Microsoft Teams for delivering worL assessm8 alld feeding back on work. The School was open to all children in the nursery and approximately 35 key worker and wlnerable children. When we returned io measures were implemented wch as sthggered et)tsy at)d exit points and times, exlra-curricular clubs offered in bubbles, face coverings worn by Staff. children playing and eating in bubbles. All primjuciions were fihned and streamed ro parents including infornial con¢ert& plays. Awards Evening and even SrK)rts Day. The School's cloud-baged system allowed it to switch to remote teaching. Once again. the enornious efforts of all reathing nd support staff to develop, implemenL execute and mainthin the remoie learning provision wilh very little noti¢¢ was highly commended by parents and governors. THE Ef4A MAKIN EDUCATIONAL TRUST GOVERNORS. REPORT (eontinued) FOR THE YEAR ENDED 31 AUGUST 2Q21 At no time did the Governance or rurtnirtgof the School stop &s all mtttin8s were held remotely and ihe frequencyofmeeling$ increased a5 a result of the nttd for greater oversighi and straiegic guidance ttwiaging the CriSL5. Governors participated and were more regularly informd of risk4 8￿ngeMents for educatiott. paS￿ra1 care and safeguarding. financial impacts, impact on $taff resources athd how the school w&8 preparll￿ for a Yenm) ￿ faCe-￿faCe education. Key risks in the area of health and safdy were eleVa￿d as the School up)n reh￿Ill8, prepared for th¢ safety and health proiection of PLwils and siaff. This involved dethiled risk assessments with guidance from our regulatory bodies. increased use of cleaning and sanitising rnaterials, PPE requirements and more frequent cleaning routines. The pandemic had a $ignifi¢8nt fina￿1￿1 impact in 202012021, with fee income And operaiing costs heavily affected. The School offered families a reduction in fees to refleci Ihe ctWJ8e in educaiional provision resulting from remote t￿chIng during the second lockdown. During this lockdown fmancial risks were miiigated as best a5 possible, the School managed to reduce Some ¢95ts tn support functio￿. Fitwicially tbe School benefitted in a snMII bui noi insiEnifi¢ani way from the grant available through the FuAough support scheme. For ihe second consecutive year ihe p8mdemic has impacied thc School by limiting the opportunities for personal marketing through open day5 and visits by parents. This has tegjlted in a slowdown of growth al the naturdl ¢Atry points of tbe School. The Sch￿1 oxpects the recrnitsneni pipeline will slowly renun ¢0 growth in 18 - 24 months. The Covid-19 impacl on pupil recmiment, the major repairs to the EYFS fa¢ility, managing the financial and operational risks and ¢fforts io $tr¢ngth¢n reserves will CODtinue in the current fmallcial year and beyond. The Governors and senior leadership will 108eiher ensure thai the Schixil can stturely build financial reserves, operation&1 strength and restlicnce to weather the per5i$tent threats from Covid-19, to cope with the changes in the market durirtg this penod and secure its long terni fiJDJre for the current children and those to come. St#tem¢nt of G•v¢Toors' Responsiblliiies Company law requitys the Govemors io prepare Financial Statements foreach financial period which give a true and fairview of the Sta￿ of affairs of the chartty's activities during the period and of its financial position al the end of the period. In prepanng those Fitwicial Statements. the Governors are required to: Select Suitable accountin8 Sx)licies and then apply thcm consis*ntly. Obserye the methods and principles of the Charitse5 SORP. Make judgerne*)Is and eslimales thai are reasonable aftd prndent. State whetber the policies are in accordance with applscable accouniing Pr￿aTe the flnallcial statetnellts on the going concem basis unless it is Th)i appropria￿ io presume thai (he cb#ritable mpany will continue in (wation. Th¢ Governor5 are F¢ynsible for keeping accounting records wbicb disclose with re&sonable accuracy ai any tiTn¢ the financial position of the Charitable Compaay attd to enable them ￿ ensure that the Financial S￿lements comply with the Companies Act 2(K)6. They are a]so responsible for ￿fegUarditi8 the a￿etS of the charitsble wmpany and hence for taking reasonable Steps for the prevention a￿d detetti(m of fraud attd other Ènrgularities. The Governors confwm thal there 15 no iDlortnation r¢levant to th¢ Judit ofwhicb th¢ audtti)rs are unaware and that the Govemors have thken the necessary st¢ps to ¢nsuT¢ they are aw￿¢ of￿1 rel¢vant audit infonnalion and uwde sure the auditors are aware of it. Th¢ Govemors. Report has b*n prepared in aceordance with the sttthll ¢on)panies regime and the Governors have tsken the ¢xetnpti(*n from prtparing a $tr4iegic res￿. Approved by th¢ fjovernor5 al its m¢elin8 on 2022. And si8nin8 on its behalf by.. Nicole Coll Chair of the Board of Tn￿tee5 Dated.. INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE ENA MAKIN EDUCATIONAL TRUST FOR THE YEAR ENDED 31 AUGUST 2021 Oplnion We have audited Ihe fiftattcial staternents of The Ena Makirt Eduutional Trust fr>T the year ended 31 August 2021 which comprise the Statement of Financial ActLViti&%, the Balance Sheet. the Statement of Cash Flows. and not&% to the fitwieial statements, including a summary of significant aecountrng policies. The financial reptsrting framework that has been applied in iheirpreparaiion is applicable 18w ond United Kingdom Accounting S(andard& includzng Financial Reporting Standard 102 Tlie FinttffttCi¢71 ReportTn8 Siandanl opplieable IR ihe UK and Republtc of Ireldnd (United Kingdom Generally AcCep￿d A¢¢ouniing Practice). In our opinion. the fmancial statements.. givc a true and fair view of the stste of the charitable company's affairs a5 at 31 August 2021 ond of the charitsble company's net movement in funds, including the income and expenditure. for the year then ended. have been properly prepared in accordance with United Kingdom Generally A¢¢epted A¢wunting Pr￿tIce,. and have been prepared in accordance wilh ihe requirements of the Companies Aci 21x16. Basi$ for oplnlon We Conducied our audit in accordance with International Sthndards on Audiiing (UK) (ISAS (UK)) and Applicable law. Our r¢$pon5ibiliti¢s under ihose sthndards are fiffther described in the Audiior's responsibiliiies for the audii of the financial statements srftion of our repon. We are independeni of the chariiable company in accordance with The ethical requirements tha¢ are relevan¢ io ourauditof the f￿ancial sts(ements in the UK. including the FRC'S Ethical Standard. and we have fulfilled our o¢her ethical responsibiliiies in accordance with these requiremen￿ We klieve that the audit evidence we have Ob￿Ined is suffi¢ient and appropriate 10 provide a basis for ouropinion. CoDcIusifjn$ T¢lating to going concer In auditing the fmancsal stsiemenw we have ¢oncluthd the tru￿e¢S. use of the going concern basis of a￿oUntIng in the preparation of the financial stsiements is appropriate. Based on Ihe work we have perfom)ed. we have noi identified any material uncenainties relaiin8 io events or conditions thal individually or collectively, may ¢ast signifi¢an¢ doubl on the Charl￿ble wmpany's ability lo ¢ontEnU¢ as a going ¢¢)ncem lor a period of at le&sl twelve months from when the futanciai slatements are authori*d for isSU¢. Our rcsEX)nsibilitics and the wnsibiliues of the tr￿ste¢s with respect to going Concern are described in the Televant Scctions of this report. Other lllformitio* The trustees are responsible for the other infornlation. The other infonnalion comprises ihe inforniation included in the Governors. rewTrrt. Our opinion on the financial statements does noi cover the other it)fornwion and, except to the extent otherwise explkcitly stated in our reF*)rt. we do twt express any forni of assurance conclusion thereon. ln conttection with our audit of the financial statements, our responsibility is to read the other tnforn?aiion and, in doing so, eonsider whether the otI￿r infonnaiion is materially inconsisient with the financial ststements or our knowledge obtained in the audit or otherwise appears to be maierially missthied. If we tdentify such material imconsistencies or apparent material misstatements, we are required to detemiine whether there is a ma¢erial missiatement in the financial stalemenl.8 or a mat¢rial mLSStaternent of the other infonnaiion. If, based on the work we have kxrforme¢l we conclude thai there is a mat¢rial mi55tst¢ment of this other infomiation. we aye Tequired to Tep)n that fxt. We have nothing to report in this regard. Oplnlons other m#tteTS Prescribed by lh¢ Companies Ad 2006 In our opini(Trn. based ¢)n the work t]ndenaken in the course of the audit.. the infornialion given in the Governors. report (which includes the directors, report prepared for the Purposes of company law) for the firtancial year ftir which the flljartcial statements are prepared is consistent with the fmancial sthtemenis; and the directors, report included within the Govetm. ReNMI have beell PTepared iti accordance with applicable legal requirements. Matters wbieb we are requlred to report by exeeptlo# In (he1￿h1 of the knowl¢dg¢ and und¢rstanding of the charitsble company and lis environment obtsined in ihe ¢ours¢ of the audit. we have not identified material misMa*ments in the Governors. Report (which incotporaies the directors, report). 10 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE ENA MAKtN EDUCATiof4AL TRUST FOR THE YEAR ENDED 31 AUGUST 2021 We have nothing to trwrt in respect of the following Ma￿e[S in relaiion to which the Companies Act 2006 requires u5 to repon to you if. in our opinion.. adequate accounting records have not been kept by the chan"table company,. or the charitable cotnpany fmancial statements are not in agreern￿t with the accounting records and relurn5" or certain di￿1￿5ures of trustees. rernunerati(m SP￿lfied by law ar¢ not mad¢. or we have not Teceived all the inforna¢ion and explanatiow we require for our audil or Ihe Governors were not entitled io prepare Ihe financial statements in accordance with the small companies. regime and take advantage of the small companies. exemptions in preparing the trostees. rep)rt and from the requiremerti to prepare a strategic reporL Responslbllitles of trustees for the fiDancial statemeTrts As explained more fully in Ihe irnsiees. responsibilities statement se¢ out on page 8. the trusiees (who are also Ihe directors of the charitable company for the pu￿oSe$ of company law) are responsible for the prepardtion of the financial statements and for being satisfied that they give a true aTJd fair view. and for such internal control as the trustees deterniine is necessary io enable the preparation of firtanC￿l ￿a￿mentS that are free from material Mi￿latC￿ent. w￿ther due to fraud or enY)r. In prepanng the financial Sta￿ments. the tntsiees are responsible forassessin8 the charitable company's ability io continue as a going concern. disclosing. as applicable. maitets ￿lated to going concern and using the going concem basis of accounting unle&8 ihe Irustees eithei intend 10 liquidaie the charitable company or to cease operntion& or have no realistic &lien)aiive but to do so. AMdi¢or'$ responslbllities lor tbe Audit of the Ilnanefial statemellts Our objectives are io obtain reasonable asstsrance about whether the financial statements as a whole are free from maierial missiatement. whether due to fraud or error. and to issue an auth"tor's report that tncludes our opinioA. Reasonable assurance is a high level of assurnice, btst is not a guataniee that an audit conducted ID attordallce with ISAS (UK) will always detect a maierial mi%statement when it extsts. Mi&stateTDents can arise from fraud or error and are considered ll￿terial if, individually or in the aggregate, they C￿￿Id reasonably bc expected to infitThce the economic decision5 of users takeu on thE basis of these financial statements. Irregulartties. including fraud. are instance5 of non-compliance with law5 and regulation5. We design procedures in line wilh our resportsibilities, outlined above. io dctect Tnaterial rnisslatements in rE5pect of irre8ularities, including frdud. The extent to which our procedures are capable of deiecting irregularities, includin8 (rdud 15 dctailed below.. Based on our understanding of the charitable company and the environment in which it operates, we identified that the principal risks of rton-compliartce with laws and regulation5 related to the regulatory requiremertts of the Charity Commission and Ihe Independent Schools Inspectorate. and we considcred the extent to which non-cornpliance might have a tnaterial effect on ihe financial statements. We also considered those laws and re8ulations thai have a dIr￿t impact ort the prepardtion of the finaneial statements such as the Companies Act 21KJ6. the Charitics Act 2011. and other factors such payroll taxes. We evaluated martagement's irtceniives and opmnities for fTaudulent mantpulation of the fir￿DelaI ststements (including the risk of override of corjtrolsl. and detemiined that the principal rL5ks were relaied to W)5tÈng inappropriate joumAI entries and management bi18 in mak￿8 accounting estimates. Audit pr(Kedur¢5 wfornied by th¢ engag¢meni ton included.. Inspecling correspondence with regulators and lax authorities. Discussions with managemenl including consideration of known or wspxied inmancesof non•complian¢e with laws and regulation and fraud. Evaluating manaEemenr's controls designed to prevetki and deieci irregularitie$; Identifying and testing journa15, in parti¢ular journ41 entries posied with unusual acc(llmt combinattons Postings by unusual users or with unusual descriptio￿￿. and Ch¥ll¢nging gswmptions and judgements made by manweni in their ￿oUnting C￿lMateS A further descriplion ol our resp)Dsibiliiies for the audii of the fina￿tal sratements is located OD the Financial R¢portin8 Council's website al: www. . This descripiion fornis pan of our auditOT'5 reFwL Use of our report Thts report 15 rnade solely to the elwitable compan￿$ members, ￿ a b(rtty. in aw)rdance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken $0 ihw we rnighi stat¢ to the charktable ¢oMpan￿$ members those allers w¢ ar¢ TEquired to stste to th¢m ID Auditorf5 r¢wn aNI for no other purw)s¢. To the full¢st ¢xt¢nt perniiÉt¢d by law. 11 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE ENA MAKIN EDUCATIONAL TRUST FOR THE YEAR ENDED 31 AUCUST 2021 we do not accept or assume responsiThility to anyone other than tbe charitable company and the ¢haritabl¢ company's members as a body. for our audit worK for this re￿Trrt. or for the ¢)pinions we have fonned. Steven Harper (Senior Ststutory Auditor) For and on behalf of Haysmacintyre LLP. Stswiory Audliors Date: 17 February 2022 10 Queen Strttt Place Lond¢m EC4R IAG 12 THE ENA MAKIN EDUCATIONAL TRUST STATEMENT OF FINANCIAL ACTIVITIES (Ir4CORPORATING THE INCOME AND EXPENDITURE ACCOUND FOR THE YEAR ENDED 31 AUGUST 2021 Unrejtricted Restricted fundi Total 2021 2020 Not¢ Income from: Chariiable activities Donations and grhrtt iticome Other 2.292.933 31.738 842 2292,933 31,738 2.327,438 120,910 10,235 Total 2.325513 2,325,513 2,458.583 Expendiiurt tsn: Charitable activiti¢s 2.608,694 7.000 2.615.694 2.707,444 Total 2,608.694 7.(K)0 2.615.694 2.707.444 Net and net movement In funds 1283,181) (7,(￿) (290.181> (248.861) Balances brought forward at I sep￿mber 4,660,124 21.(YXI 4.681.124 4.929,985 Balinces c•rried forward at 31 August 11. 12 4J76.943 I4,0￿ 4.390.943 4,681,124 All of the aknve results W¢Tf derived from cffitinuing a¢tsvities. There were no other recognised gains and10&8es other than those sthted above. The notc5 on pages 16 to 22 1¢)rnt an integral part of these fmancial sthIemen￿. 13 THE ENA MAKIN EDUCATIONAL TRUST BALANCE SHEET COMPANY NUMBER: 00805624 AS AT 31 AUGUST 2021 2021 2020 Notes FIXED ASSETS Tangibk as5etS 3.5(K),706 3,431,833 CURRENT ASSETS Debtors Cash at bank and in hand 112,986 1297.115 56.811 ,656.070 1.410.101 1.712,881 CREDITORS: amounts falling due within one year 10 519.864 463.590 NET CURRENT ASSETS 890.237 1,249,291 TOTAL NET ASSETS 4.390.943 4,681.124 FUNDS OF THE CHARrrY Unrestrleted funds Fixed asset reserve Revenue reservc 3,500,706 876237 3,431.833 1,228,291 4376,943 4,660.124 Restrlcied fullds 14,0(X) 21.000 4J90,943 4.681,124 The notes pages 16 to 22 fiTh part of these f￿anCIal stsiements. The financial statements have been prepared in ￿cOrdanCe with part 15 of the Companies Act 2(X)6 in regardi to small companies. The fmartcial s¢&ternents wcre approved and authorised for issue by the Board of Governor5 and were Signed on it5 behalf by.. Mrs Nicole Coll >s)Z 14 THE ENA MAKIN EDUCATIOliAL TRUST STATEMENT OF CASH FLOWS AS AT 31 AUGUST 2021 2021 2020 Notes Casb flows from operatinK *etivities: Net cash provided by opmting xuvities (158.1￿) 103,017 Casb nows from investing *ctivitiu: Paytnents to acquire langible r￿ed assets Interesl rcceived (201.602) 842 (74.699) 5,941 N¢t ￿5h used in investing activities (200.760> (68,7581 (D¢crea5e)IIncre&se in cash in ihe reporting peri(xl (358.955) 34,259 Bank balance ￿ I Sepiember 1,656,070 1.621,811 Bank b*lance at 31 August 1397,115 1,656,(J70 Note A: Reconclllation of net incomt to net Cash 8ellerated from vperatlng activities Nei ineome foT the year (290.181) (248.861) Adjustm¢nts for: Depr¢ciatson Interest received (Increas¢},Id￿reasC in d¢btt)rs Increase in ¢r¢diiors 132.729 1842) (56.175) 56.274 134.198 {5.941) 56.537 167,084 Net ¢ash provided by OFeraiinE aciiviues (158.190) 103,017 1S THE ENA MAKtN EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 COMPANY STATUS Ch$rlty Informadtsn The Ena Makin Educational TTUSI is a private company limi1￿ by guarantee (number 8656241 regis￿ed in England & Wales. The liability of the members is limited to £1 each in the event of the Company being wowid up. The Company has five members. The Company 15 a regtstered chariry. number 307931. regIS￿red office and principal place of business is shown on page l. The Company constiN￿ a public benefit eniiry in line with FRS 102. ACCOUNTING POLICIES 8) Ba$1$ of ¥e¢ountlnE Th¢s¢ f￿ancial statements have been prepared in accOrda￿e with the Companies Act 2006, the Siatemelli of Re¢0￿￿neThded Practice.. Accounting and Rewning by Chariues Second Ediuon (SORTr 20191, and in a¢cordance with Financial Reporting Standard 102 (FRS 102). The trustees are saiisfied the TnEsi has adequate resources io continue in operation for th¢ forese¢able fvture and accordingly these financial s￿￿Ments have been prepared on the basis that th¢ Ena Makin Educational Trusi 1$ a going concern foT the foTeseeable fvwre Ibeing a period of at least Nelve months frorn th¢ date of gpproval of these fmancial S￿lements}. Thefjovernors have considered the impact of the COVID-19 pandemic on the reserves and financial health of ihe school. The trusle¢s are satisfi¢d that the TTUSt has adequa￿ resource$ to coniinue in operauon for the for&qeeable and, accordingly these rEna￿lai slatetAents have been prepared on the basis thai the Ena Makin EducatiotMi Ttust is a going conc¢rn. b) Fees Fees receivable represcnt the invoic¢d valueof tuitson and1$￿lated fees, afterdedu¢ling bursaries and other remissions granted by the School. Entrance and registration fees ar¢ cr•Ytted to income in ihe year in which they are received. c) TaDgible fiied assets Fixed assets in use by the school are held al Cosi less depTtciaiion and impaimieni. Proytsion is made for depreeiaiion on all tangible [￿ed a$5ets at Tates calculaied to write off the cosi or valuation. less estimaied residual value. of each asset over ils expected useful life, as follows.. Freehold buildin8S Building irnprovernents Fixlure5, fitting and equipmem Cotnputer equipm¢nt Motor vehi¢1¢s 2% perannum on cost IOYrfJ- 2￿/* per awium on cost IO% per am)um on cost 25°A per annum on cosr 25% per al￿￿M on cosi d) Expendilure All expendiwre is ac¢ounied for on an xcruals basis. Expenditur¢ is all￿ared directly to the appropriaie expense headmgs. The irrecovernble element of VAT is included with the item of expense io which it rela￿. Te8¢hlng costs Supplie5 of games equipment, book& sthtionery and Surt￿ materieL% are writtrn off when the exFnditure is incurred. Ailoe8doll of support aDd governaoce costs Support and governance costs have all been alloca*d ￿ Ex￿ndin￿e on Chaft"thble Aciiyiiies. Cb*rltAblÈ Actlwltles Charirable Activities include teaching. esthblishmeni and athninistraiion costs as well as f]]wi¢e charges. e) Flnand*l instruments The School only h85 fuwKial aSSe￿and liabiliitesofakind thatqualify&sbasic financ￿1 I￿truments. Bastc financial itiStrum¢nts ar¢ initially rrfognised ai transaciion value and subsequently measured at their settlemetti value. THE ENA MAK￿ EDUCATIONAL TRUST NOTES TO THE FINAf4CIAL STATEMENTS (Contlnued) FOR THE YEAR ENDED 31 AUGUST 2021 ACCOUNTING POLICIES (Continued) fj Crldc81 wur¢fS of fstirnation unceTtainty and acco￿￿tillg j￿dgements In the application of the accouniing policie5. the Govemors are required io make judgements, esiimates, and a55umplions about the carying value of assets and liabiliiios that are not readily apparent from other sources. The estimate5 and underlying assumptions are based on histOTical experience and other factors thai are Conside￿d to be relevanL Actual results may differ from these eslima￿s. In the vi¢w of the Governor5. no assumptions concerning the future or estimation uncertainty affwting assets or liabilities at the balance sheet dale are likely to resuli in a maierial adjustmen[ to their canying amounts in the next fuwicial year. 8) Fund *¢¢ounting Unr¢stri¢ted funds conwrise fvnds not subject io any Testrictions regarding their use and are available for any charl￿bI¢ purpose of the Company. Restricted funds Comprise funds donated io ihe Company w be applied towards specific capi￿1 and Tevenue items. h) P¢nslon scheme Th¢ Company contributes to the Teachers, Pension S¢heme. This is a multi-employer pension scheme and it is not P0S5ible to identify ihe Company's share of the underlying assets and liabiliiies. Therefore, as required by FRS 102. th¢ Company accounts for the scheme as if li was a defined ¢ontribuiion scheme. Conmbuiiong payable in respe¢i of th¢ accounting peri(kl are charged io direci charitsble expendilure. The Company also contyibutes io a defined Ontribution ￿hem¢ for non-ieaching sthff. Conmbuiions payable in respeci of the accounEing period are charged io dI￿¢t charitable ¢xpendiwre. INCOME FROM CHARITABLE ACTIVITIES 2021 2020 Gr05s fees Bursarie5 Fee discounts Suspended fees I￿rease credited 2,356,509 (48,361) (28,798) (48,456) 2,288.593 (52,010) (12,3871 Net fee income 2,230.894 2,224,196 Registration ftts Clubs and trips Oiher fees & Lettin8 Income 4,7(X) 15.334 42,005 4,700 70,842 27,700 2.292.933 2J27.438 Gross Fees are stated net of Covid-19 Lockdowrt fee th"5counts in both year5. In 2021 the School suspended a fee incr¢￿¢ by crediting the bills of all families &$ a means of a fuwicial relief. Means bursaries are off¢r¢d tt) qualifyin8 families upon application and diseounts are offer&1 to staff with primary age ehildr¢rt. INCOME FROM DONATIONS AND GRANTS 2021 2020 AtDounts received through the coronavir￿ Job Retetktson Schem¢ Don81ions 25,191 6,547 120,910 31,738 120,910 17 THE ENA MAKIf4 EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENfs (Cont[D￿ed) FOR THE YEAR ENDED 31 AUGUST 2021 NET INCOME 2021 2020 Net Income 1$ stated after charging: Auditor's remuneration- audit ex VAT DeP￿ClaI10￿ of owned as5cIS 12,830 132,729 10,100 127,197 ANALYSIS OF CHARITABLE EXPENDITURE AND SUPPORT COSTS 2021 2020 Teaching Establislunent Administrdtion Depreciatlon Historic TPS eEDploy¢ts' conthbuti¢)Ths Govemance costs ,707,475 336,256 392,967 132,729 ,770.785 324,615 342,748 127,197 85,764 56,335 46267 To(81 EXp¢nd1tu￿ on Charttable A¢tiviti¢s 2,615,694 2.707,444 Historic l¢achers' pension s¢h¢me (TPS) conrributions rela* io retroaciive membership of the Scheme for 3 employees. The e051s alx)v¢ include p¢r50nnel ¢osis sthied in no￿ 7 below as well as a]1 other charithble expenditure alld supw)rt cost5 atlributabl¢ to th¢ ¢)p¢rdtions of the Schwl. STAFF COSTS 2021 2020 Salaries and wages Social security costs Pension contributions 1.634,204 154,638 286,803 1,646.364 156,827 269,795 2,075,645 2,072,986 The average number of employees during the yearwas 63 (2020..58). There was l employee receiving employee salaryandbenefits ltheen £120.(M)O and£130,0￿ durin8 theyear{2020: l employee receiving salary and benefits between £120.IKM) and £130.0￿). There was l employee receivitig eEnployee salary and b¢nefits beN¢¢n £80,0(K) al￿ £90.IK)O during the y¢ar. (2020 l employee received employee salary aud ben¢fits of b¢¢we¢n £90.1I)O and £lfy).000). The key rnanagernent pcr50nuel are considered to be the Governors and the Senior Lead¢tship Team. The Governor5 received no reTnunerdtion ill thc year{2020". none). The aggregate r¢rnuTwationof the Senior Leadership Team durin8 the year amounted to £340,855. (2020 £352.331) 18 THE ENA MAKIN EDUCATIOI¥AL TRUST NOTES TO THE FINANCIAL STATEMElWtS {Conrfn￿ed) FOR THE YEAR ENDED 31 AUGUST 2021 TANGIBLE FIXED ASSETS Freehold Furnitmre *nd equipment building5 Total Cost Ai I September 2020 Additlons 4,548,777 166,162 697.731 35.440 5,246.508 201.602 At 31 Allgllst 2(J21 4,714.939 733.171 5.448.110 Depreelation I Septetnber 2020 Char8¢ for th¢ y¢ l J27.915 90.560 486.760 42.169 1.814.675 132,729 At 31 Au8U$t 2021 1,418.475 528,929 1.947.404 Nel book values 31 August 2021 3296,464 204,242 3.500.706 Ai 31 Augwst 2020 3,220,862 210.971 3,431.833 DEBTORS 2(121 2020 Fee debiors Prepayments Other debiors 13,105 56,972 42,909 18.065 31,980 6.706 112,986 56,811 io. CREDITORS: Amoumts f*lll*g due wlthln ye 2021 2020 Trade Credit TaxatLOrt arnd social security Other creditor5 (including pupi]s dw5its) AccTuals 8nd def¢rred income Oth¢r creditors (including fees paid advanc¢ for th¢ next s¢h¢x)I terni) 41,208 40.719 156.506 28.015 253.417 28.734 46.088 150,872 17.858 220.043 519.864 463,590 19 THE ENA MAKIN EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS {Continued} FOR THE YEAR ENDED 31 AUGUST 2021 ii. UNRFSTIUCTED FUNDS Balanee at I September 2020 Balance at 31 August 21121 IDeome Expelldltsre Transfers Fixed assei reserve Revenue resetve 3.431.833 .228.291 (132,729) (2.475.965) (7.000) 7,000 3.292.104 1,084.839 2.325.513 4.660.124 2 J25.513 2.608.694 4J76,943 Balance at I September 2019 Bal¥4nce at 31 August 21120 Income Expendlture Transfers Fixed asset reserve Revenue reserve 3.491.332 1.410.653 (127.198) {2.573.246) 74.699 (74.699) 3.431,833 1.228.291 2.458.583 4.901.985 2.458.583 {2.7(Ml.444) 4,660,124 Transfers benveen fvnd5 represeni Pu￿has¢S of tsngible r￿ed assets. which are made oui of the Revenue reserve and transferred to ihe Fixed assei reserve ￿ the year end. 12. RESTIUCTED FUNDS Balance it I Seplember Balance 41 31 August Ineome ExpeDdlture Transfers Minibus fund 21,0(Kl {7.1XX)) 14,000 During the year ended 31 August 2019, the School received a donation of £28,OCH) from Frietth of Granville S¢h(xil towards the puwhase of a new minibus. A minibus was subsequenily purchased in Sepiember 2019. The depre¢ialion ¢harged on the minibus has been alloca*d io this ￿nd. Restricred funds comprise solely the net bfy)k value of the minibus. which is iticluded within tangible fixed assets on the Balance Sheet. 13. TRUSTEES, REMUNERATION AND EXPENSES Trustees are not remwieraied for their services. Dun"ng the year llo expenses We￿ ￿1mbu[sed to any Governor. {2020.. £0). There were no fither rel*ed party transactions thai fEquire disclosure. THE ENA MAKIN EDUCATIONAL TRUST NOTES TO THE FINAIYCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 AUGUST 2021 14. PENSION COSTS The school's employees ￿￿1￿n% to one of two priticipfil employee scbeme& a) Legal and General, which is a der￿ed contribution scheme for non-teachinE Staff. b) Teachers. Pcn5ion Schettle (rps) for texhing staff which is a mulii-employer defmed benefii scheme. The School participates in the Teachers. Pension Scheme ('tthe TPS") for its teaching stsff. The pension charge for the year includes contrtbutiotts payable to the TPS of £247.886 (2020.. £184205) and ai the year-end £29,443 (2020 - £32.106) was accrued in r£5￿¢1 of contrtbutions to this scheme. Th¢ TPS is aTL unfimded multi-euyloy¢T d¢fll￿d bettefits pension scheme governed by The Teachers. Pensions Regulations 2010 (as amended) and The Teachers. Pension Scheme Regulaiions 2014 (as amended). Members contribute on a 'tray as you go" basis with Contributions from members and ihe employer being credited io the Exchequer. Retirement and other pension benefits are p￿d by public fimds provided by ParliamenL The employer eontnlMJlRon rnie 15 set by the Secrelary of sta￿ following scheme valuations undenaken by the Government Actuary's Departrueni. The most recent actuarial valuation of the TPS was prepared as at 31 March 20I6 and the Valuation Report. wbich was published iti March 2019. confrmed thai the employer contribution rJt¢ for the TPS would increase froln 16.4% to 23.6Y. from I September 2019. Employers are also required to pay a scheme adminisiration levy of 0.08Yp giYin8 a tothl employer contnbuiion raie of 23.680/ The 31 Match 2016 Vaiuatiort Ryrt w&% prepared iti accordance with tbe benefits sei out in the scheme regulations and under the approach specif￿d in the Direction¥ as they applied 815 March 2019. However. the assun)piions were considered and set by tbe tkpartmeni for Educatiotl prior to the rnling in the'McCloudlSargeani case,. This cas¢ has required the ¢OUTts to consider cases regarding the implementation of the 2015 reforn)s to Public Service P¢nsions includin8 the Teaehers. Pensions. 21 THE Ef4A MAKIN EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS (Contlllued) FOR THE YEAR ENDED 31 AUGUST 2021 15. PRIOR YEAR sfATEMENT OF FINANCIAL ACTivrfiF UDrestrleted funds RestrIcted funds Total 2020 Income from: ctwitsbl¢ activities Donations and grant income Other 2292.933 31,738 2,327,438 120,910 10,235 Tot•1 2J25.513 2,458,583 Expenditure on: Charitsble activities 2,608.694 7,(K>O 2,707,444 Tot41 2,608,694 2.707.444 Net income aDd net movement in funds (283,181) (7,CN)O) (248,861) Balartces brought forward Jt I Sep*mber 4.660.124 21.fyxl 4.929,985 Balances carrled forward *t 31 Aug￿$1 4.376.943 14.0(K) 4.681.124 16. UNRECOGNISED COMMITMENTS - EVANS LODGE BUILDING PROJECT The School has been plamiing for the lasi year. the ￿lacemen[ of the roof of Evans Lod8e. Ihe Early Years facility. This replacemeni would reciify hIs￿rie defec(s in the onginal riM)f that resulted in extrnsive leaks. The School has taken professional advice thrtrjghout to ensure design and construction requirements are met and that the projtti is adequately mana8ed. After the year end, the Sch(M)l entered into a fornial contract for the repair of the roof artd there are expected costs of a furth¢r £388,000 on th¢ contra¢i. Ai th¢ timc of approving the accounts the roof r¢plac¢m¢nt projeet is substantially complete, with the ￿lIdIng to be made available for re-occupation in February 2022. The School is ￿ndIng thEs capttal expenditure from its cath reseEves. 22