2021-08-31-accounts - Papplewick Educational Trust Limited

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FOR THE YEAR	END	ED	31STAU	GUST 2021	GUST 2021
				Unrestricted		Restricted	Total Unrestricted		Restricted	Total
					Funds	Funds	2021	Funds	Funds	2020
			Note				F
INCOME FROM
Charitable activities:
School fees			3		4,765,393		4,765,393	4,516,287		4,516,287
Other educational income			4		9,394		9,394	10,799		10,799
Other trading activities					2,787		2,787	2,000		2,000
Investments
Interest from UK bank accounts					1,723		1,723	16,487		16,487
Donations					15,539	73,569	89,108	75,591	198,524	274,115
Other income
Sundry income CJRS grant					3,804 41630		3,804 41 630	6,459 87 135		6,459 87 135
Total income					4840270	73569	4913839	4714758	198524	4913282
EXPENDITURE	ON:
Charitable activities:
School and grant making					4558140	161711	4574310	4541855	22569	4564424
7 t I *9 dtt			5		4558140	16170	4574310	4541855	22569	4564424
Net income for	the year		15,	16 282,130		57,399	339,529	172,903	175,955	348,858
Transfers					46 279	~46 279		171856	(~171856
Net movement	in funds				328,409	11,120	339,529	344,759	4,099	348,858
Reconciliation	offunds
9 d 01	0	9htf	d		8994739	48793	9043532	8649980	44694	8694674
Funds balances	carried		forward		~2;~	~5	9,353~	M94~

					2021			2020
			Note
Fixed assets
Tangible assets					7,998,946			8,	178,255
Current assets
Debtors			9	1,026,319			991,553
Investments			10	2,267,100			1,266,433
Cash at bank and	in	hand	11	1 287 600			1 535 972
				4,581,019			3,793,958
Creditors: amounts		falling due
within one year			12	2 831 266			2499339
Net current assets					1	749 753		1	294 619
Total assets less	current liabilities				9,748,699			9,472,874
Creditors: Amounts		falling due
after more than one year			13		(	247,738)		(	349,942)
Provisions for liabilities			14		~117900			~79400
Net assets
Funds
Unrestricted funds Restricted funds			15 16		9,323,148 59913			8,994,739 48 793
Totalfunds								~92(3532

			2021		2020
Cash provided
from operating activities (see below)				967,399		304,601
Cash flows from investing activities
Interest received			1,723		16,487
Increase in cash on deposit Payments to acquire tangible fixed assets			(1,000,667) ~174623		(5,672) ~224 175
Cash used in investing activities			(1,113,567)			(213,360)
Cash flows from financing activities
(Decrease)/Increase in Confirmations		of Entry	~102204		70071
Cash used in financing activities				~102204		70071
Net cash (oufflow)/inflow				(248,372)		161,312
Cash and cash equivalents brought		forward	1	535 972	1	374 660
Cash and cash equivalents carried	forward				~5~
Cash flows from operating activities
				2021		2020
Net income				339,529		348,858
Interest received shown in investing	activities			(1,723)		(16,487)
Depreciation				320,775		342,684
(Increase)/Decrease in debtors				(34,766)		(192,662)
Increase/(Decrease) in creditors				305,084		(217,192)
increase/(Decrease) in provisions				38500		39400
Cash provided from operating activities

instruments. Basic financial instruments are subsequently measured using amortised cost on	initially recognised at transacti the effective interest rate method.	on value
NET IN CO NIE	2021	2020
		F
This is stated after charging:
Depreciation	320,775	342,684
Auditors' remuneration:
Audit fees	6,840	6,600
Non-audit fees	2,238	1,236


3	SCHOOL FEES					2021f	2020 E
	The School fee income		comprised
	Gross fees					5,231,080	5,095,175
	Less: Total bursaries	and	scholarships			~469033	~584 965
						4,762,047	4,510,210
	Income from music	tuition				3346	6 077
4	OTHER INCOIIE					2021	2020
						6
	Other educational	and charitable
	Entrance and registration		fees			9,394	10,399
	Courses and sub lettings						400
5	EXPENDITURE
				Staff costs	Other costs	Dep'n	Total
				6		E
	Charitable activities
	Teaching costs			2,284,064	213,880		2,497,944
	Welfare			164,554	403,825		568,379
	Premises			220,086	398,000		618,086
	Support costs of schooling:
	Salaries and pensions			357,895			357,895
	Depreciation					320,775	320,775
	Printing, postage and stationery				31,969		31,969
	Bad debts				6,636		6,636
	Professional fees				57,612		57,612
	Motor and travel				19,274		19,274
	Insurance				19,392		19,392
	Other support costs				42,669		42,669
	Governance costs			10669	6 840		17509
	Total support costs			368,564	184,392	320,775	873,731
	Grants, awards and	prizes (see below)			16170		16 170
	Total charitable expenditure			~3L268

STAFF COSTS					2021f	2020 F
Salaries and wages					2,394,527	2,299,308
Social security costs					251,290	241,300
Employers contribution Employers contribution	to defined contribution pension schemes to multi-employer defined benefit scheme				53,877 387 682 ~~M6	40,470 375512 ~9.'~
The average number	ofemployees	during	the	year	2021	2020
was made up as follows:					No.	No.
Teaching staff					36	34
General, office and domestic					38	36
					74	ZQ

the year w	as as follo
2021	2020
No.	No.

TANGIBLE FIXEDASS	ETS
		Furniture		Long
		and equip-	Motor	leasehold
	Computers	ment	vehicles	property	Total
			F	F	E
Cost
At 1st September 2020 Additions	307,096 48,167	687,213 58,308	98,201	10,120,747 34,991	11,213,257 141,466
Transfers/(Disposals) At 31stAugust 2021	355263	745 521	98201	10 155738	11 354 723
Depreciation At 1st September 2020	280,354	352,567	78,263	2,323,818	3,035,002
Transfers/(Disposals) Provided for the year At 31stAugust 2021	39077 319431	93797 446 364	7872 86135	180029 2 503 847	320 775 3355777
Net book value At 31stAugust 2021 At 31stAugust 2020	2~				Q9~

9	DEBTORS	2021	2020
	Fees and extras receivable	967,855	907,348
	Prepayments Other debtors	38,668 19696	50,477 33728
10	INVESTMENTS	2021	2020
			F
	General school funds on deposit	M7,100

11	CASH AT BANK AND	IN HAND	2021 f	2020
	General school funds		1,265,560	1,516,372
	Papplewick Development	Fund	22 060 M8~00	19600 2 53~22
12	CREDITORS: Amounts	falling due within one year	2021	2020 f
	Fees billed in advance		1,810,468	1,619,437
	Trade creditors		158,976	79,240
	Other creditors		666,488	579,171
	Taxation and social security Accruals		61,054 196280	59,806 161 685
13	CREDITORS: Amounts	falling due after more than one year	2021 f	2020
	Confirmations of entry

PROVISIONS FOR LIA	BILITIE	S AND CHARGE	S
				Building 8
			Legal	Grounds
			Fees	Repairs	Total
At 1st September 2020 Provisions and transfers Provisions expended	during	year	15,000 7,500	64,400 52,000 ~21 000	79,400 59,500 ~21 000
At 31stAugust 2021

UNRESTRICTED	FUNDS - 2020	Other
		General
		Funds F	General	Totalf
Income		75,591	4,639,167	4,714,758
Expenditure		~17731	~4524 124	~4541 855
Net income		57,860	115,043	172,903
Transfers			171,856	171,856
Balance brought	forward	111558	8 538422	8 549 980
Balance carried	forward
UNRESTRICTED	FUNDS - 2021	Other
		General
		Funds	General	Total
Income		15,539	4,824,731	4,840,270
Expenditure		~13718	~4544 422	~4558 140
Net income		1,821	280,309	282,130
Transfers			46,279	46,279
Balance brought Balance carried	forward forward	159418	8 825 321 ~08	8 994739 kK3~

		Papplewick	Daphne	Prize
		Development	Watson	and Tour
		Fund	Fundf	Funds	Total
Income		166,456	7,998	24,070	198,524
Expenditure			~3532	~19037	~22 569
Net income		166,456	4,466	5,033	175,955
Transfers Balance brought Balance carried	forward forward	(171,856) 25 000	1 034	18660 ~3	(171,856) 44 694
RESTRICTED FUNDS - 2021
		Papplewick	Daphne	Prize
		Development	Watson	and Tour
		Fund	Fund	Funds	Totalf
Income Expenditure Net income		48,889 ~170 48,719		24,680 (~16000 8,680	73,569 ~16 170 57,399
Transfers Balance brought	forward	(46,279) 19600	5500	23693	(46,279) 48 793
Balance carried	forward	2202(0