||||Page|
|---|---|---|---|
|Report of the Trustees|||1-8|
|Report of|the Independent<br>Auditors|||
|Statement|of Financial Activities||12|
|Balance Sheet|||13|
|Statement|of Cash Flow||14|
|Notes to|the Financial Statements||15-23|
|Detailed|Income and Expenditure|account|24-25|







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|||||||Unrestricted|Funds||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||General|Designated|Restricted|Total|Prior Year|
|||||||Funds|Funds|Funds|Funds|Funds|
|||||Notes||2020|2020|2020|2020|2019|
|||||||E|E|E|E|E|
|Income and endowments||from;|||||||||
|Charitable<br>Activities<br>Fees Receivable<br>Otherlncome<br>investments||||3||212,482<br>5,902<br>7,136|2,749||215,231<br>5,902<br>7,136|1,362,571<br>32,220<br>4(526|
|Total||||||225,520|2,749||228,269|1,399,317|
|Expenditure<br>on:|||||||||||
|Charitable<br>Actlvltles<br>Bursaries & Awards<br>Teaching Costs<br>Welfare &Catering<br>Premises Costs<br>Support Costs||||||153,736<br>24,319<br>22,872<br>74,037|2,749<br>3,243<br>3'82<br>8,732<br>127||2,749<br>156,979<br>24,701<br>31,604<br>74,164|23(827<br>839(990<br>122,516<br>183,164<br>194(555|
|||||||274,964|1'5,233||290,197|1,364,052|
|Governance<br>Costs||||||16,733|||16,733|10,670|
|Total|||||5|(291,697)|(15,233)||(306,930)<br>amma|('1,374,122)|
|Net income /(expenditure)|||before extraordinary|Item||(66,177)|(12,484)||(78,661)|25,19S|
|Transfers between|funds||||12|654,372|(654,372)||||
|Surplus on sale of company|||assets and trade||13|1,181,828|||1,181,828|(43,119)|
|Movement<br>in funds||||||1,770,023|(666,856)||1,103,167|(17,924)|
|Reconciliation<br>of funds<br>Total funds brought<br>forward||||||431,411|666,856||1,098,267|1,116,191|
|Total funds carried|forward||||14|2,201,434|||2,201,434|1,098,267|





||The Tave|The Tave|Endowment|formerl|formerl||Hi hfield Pre grata|Hi hfield Pre grata|School Limited||
|---|---|---|---|---|---|---|---|---|---|---|
||||||Com|an|No.|864531|||
||||||Balance Sheet||||||
||||||as at|31Au ust?020|||||
||||||||||Total|Prior Year|
||||||||||Funds|Funds|
||||||||Notes||2020|2019|
||||||||||6|E|
|FIAed assets:||||||||||666,856|
|Tangible Assets|||||||||||
|Current assets:||||||||||64,166|
|Debtors<br>Cash at Bank and<br>Ir'I Hand<br>Shor't Term Deposits|||||||||28,017<br>2,183(883|45(789<br>566,558|
|Total Current Assets|||||||||2,211,900|676r513|
|Uabilities:<br>Creditor's: Amounts|faliing|due|within one year||||||(10,466)|(132,515)|
|Net current assets|||||||||2(201(434|543,998|
|Total assets less current liabi%'ties|||||||||2,201,434|1,210,854|
|||||||||||(112,587)|
|Deferred income:|||||||||||
|Total net assets|||||||||2,201,434|1,098,267|
|The funds of the charity:<br>General Fund<br>Designated<br>Funds||||||||12<br>12|2,201,434|431,411<br>666,856.|
|Total charity funds|||||||||2,201,434|1,098,267|
|The financial statements||have been prepared|||in'accordance|||with the special|provisions of Part|15ofthe Companies|
|Act2006 relating|to small companies.||||||||||
|The financial statements||were approved||by|the Board ofDirectors on||||(Q|2020 and signed on|
|its be<br>by;|||||||||||
|PcampbelllviA|scc||redFciPD||||||||
|Chairman|||||||||||





|for the|ear ended 31|Au ust 2020|||
|---|---|---|---|---|
||||2020|2019|
|||Note|||
|Cash (used In) / provided<br>by operating<br>activities|||(243,786)|321601|
|Cash flows from /(used<br>in) investing<br>activities<br>Interest Income<br>Purchase of tangible<br>fixed assets<br>Proceeds-from<br>the sale of business<br>and assets<br>Solicitors fees wltheld<br>from proceeds on sale of business<br>Pupil fe'es etc.transferred<br>on sale of business|||7,136<br>(7,162)<br>1,577,032<br>(11,082)<br>277,415|4,526<br>(18,434)|
|Cash flows from / (used in) Investing<br>activities|||1,949,999|(13,908)|
|increase<br>in cash and cash equivalents<br>In the year|||1I599,553|18,693|
|Cash and cash equivalent<br>at the beginning<br>ofthe|year||612,347|593,654|
|Total cash and cash equivalents<br>at the end ofthe year|||2,211,9DO|612,347|






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||||||ZOZO|2019|
|---|---|---|---|---|---|---|
||||||E|E|
|3||Other Income|||||
||||||300|2,900|
|||Registration<br>Fees|||2 237|20,686|
|||Hire of Premises||||6,302|
|||Grants & Donations|||3,365|2 332|
|||Sundry<br>Income|||||
||||||5,902|32,220|
||4|Staff Costs|||||
|||Wages and Salaries<br>Social Security Costs<br>Pension Contributions<br>Other Costs|||128,815<br>11,172<br>21,824<br>1,473|775,933<br>64,201<br>91,598<br>3(315|
||||||163,284|935,047|
|||The average number of employees||In the period was:|2020|2019|
||||||12|14|
|||Teaching:<br>Full Time||||15|
|||Part Time|||||
|||Domestic|||||
|||Administration|||||
||||||42|40|
|||The number ofemployees|whose|emoluments|||
|||would<br>have exceeded E60,000 In the year were:|||||
|||Note<br>On 13 November<br>2019the trade and assets ofthe school was sold to a third party. Following<br>agreement<br>from<br>both parties<br>all contracts were transferred<br>to the buyer on 31October 2019.The figures shown above reflect<br>the average number<br>of employees<br>for the period oftrade.|||||
|||Governance<br>Costs ofthe Charity||Include;|||
||||'||||
|||Auditors'<br>Remuneration,|||||
||||||11,705|8,088|
|||For Audit|||||
|||For other services|||5,016|1,324|





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|5||Analysis of Expenditure||Staff Costs &||||
|---|---|---|---|---|---|---|---|
|||||Contractors|Other|Depreciation|Total|
|||||E|f.||E|
|||Charitable<br>Activities||||||
|||Scholarships<br>&Bursarles<br>Teaching Costs<br>Welfare Costs<br>Premises Costs<br>Support Costs||130,059<br>12,639<br>5,485<br>21,692|2,749<br>23,677<br>11,680<br>17I387<br>S2,345|3,243<br>382<br>8,732<br>127|2,749<br>156;979<br>24,701<br>31,604<br>74,164|
|||Governance<br>Costs||169,875|107,838<br>16,733|12,484|290,197<br>16,733|
|||Total Expenditure||169,875|124,571|12,484|306,930|
||6|Tangible<br>Fixed Assets|Freehold<br>Land &<br>Buildings<br>E|Improvements<br>to<br>Property<br>f|Furniture,<br>Fixtures &<br>Equipment<br>E|Motor<br>Vehicles<br>E|Total|
|||Cost<br>At 1 September 2019<br>Additions<br>Dlsposals|918,357<br>(918,357)|302,882<br>6,780<br>(309,662)|238,962<br>382<br>(239,344)|17,394<br>(17,394)|1,477,595<br>7,162<br>(1,484,757)|
|||At 31August 2020||||||
|||Depreciation<br>At 1 September 2019<br>Charge for period<br>Dlsposals|441,490<br>3,299<br>(444,789)|169,515<br>4,778<br>(174,293)|197,247<br>3,993<br>(201,240)|2,485<br>414<br>(2,899)|810,737<br>12,484<br>(823,221)|
|||At 31August 2020||||||
|||Net Book Values||||||
|||At 31 August 2020||||||
|||At 31August 2019|476,867|133,367|41,715|14,909|666,858|





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||||||||||2020|2019|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||f|g|
|7||Debtors|||||||||
|||Trade Debtors<br>Deferred Costs<br>Prepayments<br>Other debtors<br>Provision for irrecoverablllty<br>of debtors|||||||292,500<br>(292,500)|10,776<br>24,372<br>29,018|
|||||||||||64,166|
|||As stipulated<br>in the business transfer agreement,<br>a sum of <br>the purposes<br>of capital improvements,<br>If this balance<br>has <br>first day ofthe Autumn<br>term 2023, the balance remaining<br>As it is deemed<br>unlikely<br>this sum will be recovered<br>by the|||||E292,500 has been set aside by the buyer for<br> not been spent on capital assets before the<br>will be transferred<br>to The Tovey Endowment,<br> charity,<br>In order to show a true and fair view||||
|||the debtor has been fully Impaired<br>in the financial|||statements,||||||
||8|Short Term Deposits|||||||||
|||COIF Charity<br>Funds|||||||2,183,883|566,558|
||9|Creditors. - Amounts<br>falling due within one year|||||||||
|||Trade Creditors<br>Payroll Taxes 5 Social <br>Other Creditors|Security Costs||||||10,466|26,672<br>26,450<br>79,393|
||||||||||10,466|132,515|





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|||Total|
|---|---|---|
|||Unrestricted|
|||~Fnds|
|||E|
|||28,017|
|Cash at Bank & in Hand||2,183,883|
|Short term Deposits<br>.Creditors -Amounts|falling due in less than one year|(10,466)|
|Balance of funds at|31August 2020|2,201,434|



|15|Reconciliation<br>of net|movements|movements|movements|in funds|to net cash flow|from operating<br>activities||
|---|---|---|---|---|---|---|---|---|
||||||||2020|2019|
||||||||E||
||Deficit for the year||||||(78,661)|(17,924)|
||Add back depreciation||charge||||12,484|81,56'3|
||Deduct interest Income||||||(7,136)|(4,526)|
||Decrease In debtors||||||64,166|15,255|
||(Decrease)/Increase|in|creditors||||(122,049)|7,583|
||Decrease in deferred|Income|||||(112,590)|(49;350)|
||Net cash (used in) /|provided||by|operating|activities|(243,786)|32,601|





|||The|Tove|Endowment|formerl|formerl|Hl hfleld Pre|Hl hfleld Pre|arator|arator|SchoolLlmlted|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||Detailed|Income||a d Ex endlture||Account|||||
|||||for|the|ear|ended 31Au|ust|2020|||||
||||||||Linrestrlcfed|Funds||||||
||||||||2020|||||||
|||||||||||||Total|Total|
|||||||General<br>Funds||Designated<br>Funds|||Restricted<br>Funds|Funds<br>2020|Funds<br>2019|
||||||||E||f||E|E|E|
|Income||||||||||||||
|Fees Receivable<br>Tuition (Reception to year <br>Nursery<br>School Meals||6)|||||173(869<br>15,353<br>17,296||2,749|||176,618<br>15,353<br>17,296|1074739<br>146,839<br>106/585|
||||||||206,518||2,749|||209,267|1,328,163|
|Early Birds & The Den|||||||5,964|||||5,964|29,820<br>4,588|
|Holiday<br>Club||||||||||||||
|Total Fee Income|||||||212,482||2,749|||215,231|1,362,571|
|Other Income<br>Registration<br>Hire ofPremises|||||||300<br>2 237|||||300<br>2 237|2,900<br>20,68'6<br>6,302|
|Grants & Donations<br>Sundry Income|||||||3,365|||||3,365|2332|
|Total Other Income|||||||5,902|||||5,902|32,220|
|Interest Received<br>Bank Peposit Interest|||||||7,136|||||7;136|4,526|
|TOTAL INCOIVIE|||||||225,520|||2,749||228/269|1,399,317|
|Bursarles & Awards||||||||||2,749||2,749|23,827|
|Teaching Staff Costs||||||||||||||
|Teaching Salaries,<br>Employers'<br>National<br>Insurance<br>8 Medical Insurance<br>Pension Contributions<br>External Workshops<br>Recruitment<br>-Teaching staff|||||||110,009<br>20,050|||||110,009<br>20,050|656,888<br>82,656<br>1,585<br>2,825|
||||||||130,059|||||130,059|743,954|
|Tutorial<br>Expenses<br>Academic Purchases<br>Teaching<br>Equipment<br>Repairs & Renewals<br>Transport for Sports<br>Costs of School Productions<br>Pupil Insurance<br>Sports Facilities Hire<br>In-Service Training<br>Computer<br>Suite Costs<br>Academic Licences &Subscrlptlons<br>Depreciation:<br>ICT Equipment<br>Depreciation:<br>Minibus|||||||11,190<br>416<br>4,671<br>540<br>278<br>1723<br>1,270<br>3,484<br>105|||2,829<br>414||11,190<br>416<br>4,671<br>540<br>278<br>1723<br>1,270<br>3,484<br>105<br>2,829<br>414|24,460<br>127<br>17,248<br>2,634<br>1/465<br>81142<br>6;598<br>11(120<br>4,729<br>17,033<br>2,485|
||||||||23,677|||3,243||26,920|96,036|
|Total Teaching Costs|||||||153,736|||3,243||156,979|839,990|





|||||||Unrestricted<br>F<br>2020|unds||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||Total|Total|
|||||||General<br>Funds<br>Designated<br>Funds||Restricted<br>Funds|Funds<br>2020|Funds<br>2019|
|||||||E|||E|E|
|Welfare and Catering<br>Wages & Contractors<br>Catering, The Den and Early <br>Catering Management<br>Fee<br>Food<br>Kitchen Consumables<br>8 Holiday Club Resources|||||Birds|12,'639<br>600<br>8,17S<br>2,905|382||12,639<br>600<br>8,175<br>2,905<br>382|76,036<br>3,600<br>34,777<br>7,670<br>433|
|Depreciation:<br>Kitchen Equipment|||||||||||
|||||||24,319|382||24,701|122,516|
|Premises Costs<br>Site Controllers'<br>Wages & Einployer's<br>National<br>Insurance<br>Cleaning Contractors<br>Business &Water Rates<br>Heat &Ught<br>Insurance<br>Household<br>Expenses, Maintenance,<br>Servicing, Waste<br>Repairs & Refurbishment,<br>Ground<br>Maintenance,<br>Equipment<br>Depreciation;<br>Buildings||||||5,485<br>4,490<br>21823<br>2,394<br>2,885<br>3,767<br>1(028|1,406<br>429||5,485<br>4,490<br>2,823<br>2,394<br>2,885<br>3,767<br>1,028<br>1,406<br>429|30,790<br>24,303<br>14,038<br>15,590<br>12,913<br>16897<br>8,804<br>8,437<br>2,575|
|Pre-School|||||||272||272|1(629|
|Reception:classroom<br>Building Projects 2003<br>Improvements<br>to Property|||||||810<br>4,778<br>727||810<br>4,778<br>727|4,860<br>30,051<br>9,466|
|Equipment<br>Furniture,<br>Fixtures|||& Fittings||||310||310|2,811|
|||||||22,872|8,732||31,604|183,164|
|Support Costs<br>Salaries & Employer's<br>National<br>Pension Contributions|Insurance|||||20,340<br>11352<br>57|||20,340<br>1,35Z<br>57|125,589<br>7,136<br>278|
|Training||||||||||126|
|Travel||||||381|||381|1,505|
|IViedlcal<br>Printing<br>&Stationery||||||910<br>868|||910<br>868|3,116<br>5,348|
|Computer<br>Sundries<br>Telephone<br>&Postage||||||579|||579|2,399<br>364|
|Subscriptlons<br>Marketing||||||33,959<br>453|||33,999<br>453|37,64S<br>1,815|
|Recruitment||||||571|||571|5,485|
|General Expenses<br>Legal & Professional||||||13,770<br>797|||13,770<br>797.|508<br>1,458|
|Bank Charges|||||||127||127|1,783|
|Depreciation:<br>Office Equipment|||||||||||
|||||||74,037|127||74,164|194,555|
|Governance<br>Costs<br>Audit & Accountancy<br>Fees||||||16,721<br>12|||16,721<br>12|9,412<br>658|
|Other Expenses|||||||||||
|||||||16(733|||16,733|10,070|
|TOTAL EXPENDITURE||||||(291,697)|(15,233)||(306,930)|(1,374,122)|
|SURPLUS/(DEFICIT) BEFORE|SALE OF COMPANY ASSETS AND TRADE|||||(66,177)|(1?(484)||(78,661)|25,195|
|Surplus on sale ofcompahy|assets and trade|||||1,181,828|||1(1'81,828.|(43,119)|
|SURPLUS/(DEFICIT)<br>FOR YEAR||||||1,115,651|(12,484)||1,103,167|(17,924)|