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|||Unrestricted|Unrestricted|funds||||
|---|---|---|---|---|---|---|---|
||Note|General
funds|Designated
funds||Restricted
funds|Total
2021|Total
2020|
|INCOME FROM:||||||||
|Government
grants
Charitable
activities|4c|89,864||||89,864|429,809|
|School fees
Ancillary
income
Other trading|4a
7|16,362,449
614,787||||16,362,449
614,787|15,602,258
835,415|
|activities||||||||
|Trading income
Non-ancillary
income|14
5|61,116
178,168||||61,116
178,168|73,216
90,489|
|Investments||||31,843||31,843|33,213|
|Donations||26,888|||17,044|43,932|57,575|
|Total income||17,333,272||31,843|17,044|17,382,169|17,121,975|
|EXPENDITURE ON:||||||||
|Charitable
activities|8|16,492,037||464,364|7,544|16,963,945|16,910,847|
|Raising funds|9|26,854||16,703||43,657|28,221|
|Trading costs|14|9,786||||9,786|7,628|
|Total expenditure||16,528,677||481,067|7,544|17,017,288|16,946,696|
|Net income before||||||||
|gains and transfers||804,595||(449,224)|9,500|364,871|1?5,279|
|Netgain
on||||||||
|investments
Transfers
between|14|||267,174||267,174|(46,536)|
|funds|22|(182,050)||182,050||||
|Net movement
in||||||||
|funds||622,546|||9,500|632,045|128,743|
|Total funds brought||||||||
|forward|22|14,850,697||1,000,000|28,706|15,879,403|15,750,660|
|Total funds carried||||||||
|forward|22|16,473,242||1,000,000|38,206|16,511,448|15,879,403|
##
##
|||||Unrestricted|funds||||
|---|---|---|---|---|---|---|---|---|
|||||General|Designated|Restricted|Total|Total|
||||Note|funds|funds
E|funds
E|2020|2019f|
|INCOME FROM:|||||||||
|Government
grants|||4c|429,809|||429,809||
|Charitable
activities|||||||||
|School fees|||4a|15,602,258|||15,602,258|16,568,432|
|Ancillary
income|||7|835,415|||835,415|1,019,559|
|Other trading|||||||||
|activities|||||||||
|Trading income|||14|73,216|||73,216|91,403|
|Non-ancillary|income||5|90,489|||90,489|26,228|
|Investments|||||33,213||33,213|38,493|
|Donations||||21,283||36,292|57,575|36,437|
|Total income||||17,052,470|33,213|36,292|17,121,975|17,780,552|
|EXPENDITURE||ON:|||||||
|Charitable
activities|||8|16,418,191|485,070|7,586|16,910,847|17,149,400|
|Raising funds|||9|11,788|16,433||28,221|44,697|
|Trading costs|||14|7,628|||7,628|23,794|
|Total expenditure||||16,437,607|501,503|7,586|16,946,696|17,217,891|
|Net income/|||||||||
|(expenditure)|before||||||||
|gains/(losses)||and|||||||
|transfers||||614,863|(468,290)|28,706|175,279|562,661|
|Net (loss)/gain|on||||||||
|investments|||14||(46,536)||(46,536)|39,743|
|Transfers
between|||||||||
|funds|||22|(514,826)|514,826||||
|Net movement||in|||||||
|funds||||100,037||28,706|128,743|602,404|
|Total funds brought|||||||||
|forward|||22|14,750,660|1,000,000||15,750,660|15,148,256|
|Total funds carried|||||||||
|forward|||22|14,850,697|1,000,000|28,706|15,879,403|15,750,660|
##
|||||Group|Group|School|School|
|---|---|---|---|---|---|---|---|
|Company|number 0133676||Note|2021|2020|2021|2020|
|Fixed assets||||||||
|Tangible assets|||13|18,630,363|19,374,674|18,630,363|19,374,674|
|Investments|||14|1,745,910|1,463,595|1,745,912|1,463,597|
|||||20,376,273|20,838,269|20,376,275|20,838,271|
|Current assets||||||||
|Debtors|||15|375,339|401,071|392,423|417,228|
|Cash at bank and
in hand|||28|690,564|400,792|630,882|328,383|
|||||1,065,903|801,863|1,023,305|745,611|
|Creditors:|amounts|falling due||||||
|within one|year||16|(3,183,298)|(3,923,536)|(3,173,035)|(3,913,874)|
|Net current liabilities||||(2,117,395)|(3,121,673)|(2,149,730)|(3,168,263)|
|Total assets less current||||||||
|liabilities||||18,258,878|17,716,596|18,226,545|17,670,008|
|Creditors:|amounts|falling due||||||
|after more|than one|year|17|(1,747,430)|(1,837,193)|(1,747,430)|(1,837,193)|
|Net assets|||23|16,511,448|15,879,403|16,479,115|15,832,815|
|Funds||||||||
|General funds|||22|15,473,242|14,850,697|15,440,909|14,804,109|
|Designated|funds||22|1,000,000|1,000,000|1,000,000|1,000,000|
|||||16,473,242|15,850,697|16,440,909|15,804,109|
|Restricted|funds||22|38,206|28,706|38,206|28,706|
|Total|||22|16,511,448|15,879,403|16,479,115|15,832,815|
##
||||||Group|Group|
|---|---|---|---|---|---|---|
|||||Note|2021|2020|
||||||E||
|Cash flows from operating|activities||||||
|Net cash provided
by operating
activities||||27|2,273,010|483,552|
|Cash flows from investing|activities||||||
|Dividends
and interest on investment||portfolio|||31,843|33,213|
|Purchase oftangible
fixed assets|||||(694,548)|(1,404,348)|
|Purchase of investments|||||(260,528)|(247,752)|
|Receipts from sale of investments|||||157,051|250,248|
|Net cash used
in investing|activities||||(766,182)|(1,368,639)|
|Cash flows from financing|activities||||||
|Receipt of new bank loan|||||2,000,000|2,000,000|
|Repayment
of borrowing|||||(2,073,633)||
|Interest
paid|||||(56,338)|(36,009)|
|Net cash (used in)/provided|by financing||activities||(129,971)|1,963,991|
|Increase
in cash and cash equivalents||in the|year||1,376,857|1,078,904|
|Cash and cash equivalents|at the beginning||ofthe year||(1,308,575)|(2,387,479)|
|Total cash and cash equivalents
at||the end ofthe year||28|68,282|(1,308,575)|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|School fees||||||
|---|---|---|---|---|---|
|||||Unrestricted|Unrestricted|
|||||2021|2020|
|School fees receivable consist of:||||||
|Gross fees||||17,140,408|17,493,062|
|Less: Scholarships||and other awards||(888,347)|(922,023)|
|Less: Summer|term|(Covid-19) discount||(353,976)|(1,453,278)|
|Net fees receivable||||15,898,085|15,117,761|
|Add: Bursaries|paid|out ofdesignated|funds|464,364|484,497|
|||||16,362,449|15,602,258|
##
||The total aw|ards are as fol|lows:||||
|---|---|---|---|---|---|---|
||||||Unrestricted|Unrestricted|
||||||2021|2020|
||Revenue account (scholarships)||||423,983|437,526|
||Designated|funds (means-tested||bursaries)|464,364|484,497|
||Total grants|and awards|||888,347|922,023|
|4c|Income from government||grants||||
||||||Unrestricted|Unrestricted|
||||||2021|2020f|
||Government|furlough
scheme|||89,864|429,809|
##
##
##
|Non ancil|lary|income||||
|---|---|---|---|---|---|
|||||Unrestricted|Unrestricted|
|||||2021|2020|
||||||F|
|Property|rentals|||34,738|32,300|
|HM Court|and|Tribunals|Service income|130,485|51,660|
|Miscellaneous||income||12,945|6,529|
|||||178,168|90,489|
##
||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||2021|2020|
||||F||
|UK|listed|investments|31,843|33,213|
##
|Ancillary
in|co|me||||
|---|---|---|---|---|---|
|||||Unrestricted|Unrestricted|
|||||2021|2020|
|||||F|F|
|After school|care|||31,624|64,049|
|Trips income||||74,141|252,791|
|Fees for extra-curricular|||courses and examinations|393,657|437,835|
|Fees in lieu|of|notice||44,920|7,404|
|Registration|fees|||48,217|30,884|
|Tuck shop income|||||10,816|
|Miscellaneous||income||22,228|31,636|
|||||614,787|835,415|
##
##
|8|Expenditure|on|charitable|activities|||||
|---|---|---|---|---|---|---|---|---|
|||||||||Total|
||||||Staff costs|Other|Depreciation|2021|
||||||F|F|||
||Charitable
activities||||||||
||Teaching costs||||8,297,504|406,151|235,729|8,939,384|
||Welfare costs||||73,859|968,943||1,042,802|
||Premises costs||||920,267|1,686,378|1,197,298|3,803,943|
||Support costs||||1,625,472|895,967|5,832|2,527,271|
||Trip costs and|other travel||||126,258||126,258|
||Grants, awards||and prizes|||464,364||464,364|
||Governance
costs|||||29,730||29,730|
||Finance costs|||||60,451||60,451|
||Movement
in|bad debt provision||||(30,258)||(30,258)|
||||||10,917,102|4,607,98¹|1,438,859|16,963,945|
||||||||Total|
|---|---|---|---|---|---|---|---|
|||||Staff costs|Other|Depreciation|2020|
|||||F||F||
||Charitable
activities|||||||
||Teaching costs|||8,805,483|490,595|279,962|9,576,040|
||Welfare costs|||62,664|822,841||885,505|
||Premises costs|||849,932|1,111,661|1,193,779|3,202,191|
||Support costs|||1,564,221|776,666|4,980|2,345,867|
||Trip costs and other travel||||284,162||284,162|
||Grants, awards|and prizes|||485,070||485,070|
||Governance
costs||||24,106||24,106|
||Finance costs||||78,073||78,073|
||Provision
for bad debts||||76,652||76,652|
|||||11,282,300|4,149,826|1,478,721|16,910,847|
|9|Expenditure
on|raising funds||||||
|||||||2021|2020|
||Portfolio management||costs|||16,703|16,433|
||Non-ancillary
costs|||||26,854|11,788|
|||||||43,557|28,221|
##
##
|Staff costs||||
|---|---|---|---|
|||2021f|2020|
|Wages and salaries||8,967,835|8,779,419|
|Social security||836,368|835,750|
|Pension contributions||967,260|1,518,891|
|Other non-payroll|staff costs|145,639|148,240|
|||10,917,102|11,282,300|
|exceeded 66|0,000was:|
|---|---|
|2021|2020|
|Number|Number|
##
##
|The average
number
of employees
during th|e year was as follows:||
|---|---|---|
||2021|2020|
||Number|Number|
|Teaching|239|261|
|Welfare|26|28|
|Premises|18|18|
|Support|45|46|
||328|353|
|The split between
part time|and full time staff was as follow|s:|||
|---|---|---|---|---|
||2021|2021|2020|2020|
||Number|Number|Number|Number|
||Full time|Part time|Full time|Part time|
|Teaching|110|129|109|152|
|Welfare|7|20|5|23|
|Premises|14|4|15|3|
|Support|26|18|26|20|
||157|171|155|198|
##
##
|11|Net Income|||||
|---|---|---|---|---|---|
|||||2021|2020|
|||||F||
||Net income includes:|||||
||Operating
lease charges|||32,647|57,894|
||Depreciation|||1,438,859|1,479,511|
||Auditors'
remuneration|—excluding|VAT|||
||-Audit fees|||24,000|22,320|
||- Other|||3,500|4,260|
||-Taxation —compliance|services|to the subsidiary|1,650|1,525|
##
##
|Tangible assets —Group and Sc|hool||||
|---|---|---|---|---|
||Freehold||||
||property
and|Motor|||
||improvements|vehicles|Equipment|Total|
|||F|F||
|Cost|||||
|At 1 September 2020|27,622,835|23,338|4,093,078|31,739,251|
|Additions|449,284||245,264|694,548|
|At 31August 2021|28,072,119|23,338|4,338,342|32,433,799|
|Depreciation|||||
|At 1 September 2020|9,115,491|15,638|3,233,448|12,364,577|
|Charge for year|1,075,170|3,300|360,389|1,438,859|
|At 31August 2021|10,190,661|18,938|3,593,837|13,803,436|
|Net book va/ue|||||
|At 31August 2021|17,881,458|4,400|744,505|18,630,363|
|At 31 August 2020|18,507,344|7,700|859,630|19,374,674|
##
##
|14|Fixed|asset investments|asset investments|||||
|---|---|---|---|---|---|---|---|
|||||Group|Group|School|School|
|||||2021|2020|2021|2020|
||Listed|investments|(see below)|1,745,910|1,463,595|1,745,910|1,463,595|
||Abbey|Commercial|Enterprises|||||
||Limited|(see below)||||||
|||||1,745,910|1,463,595|1,745,912|1,463,597|
##
|Trading
resul|ts e|xtracted
from its audited
financial statements
|are shown
below:||
|---|---|---|---|---|
||||2021|2020|
|Turnover|||61,116|73,216|
|Administration|expenses||(9,786)|(7,628)|
|Management|charge from the Abbey School||(19,000)|(19,000)|
|Profit on ordinary||activities before taxation|32,330|46,588|
|Tax on profit|on|ordinary
activities|||
|Profit on ordinary||activities after taxation|32,330|46,588|
|Net assets|||32,330|46,590|
##
##
##
##
||||||2021|2020|
|---|---|---|---|---|---|---|
||||||Market|Market|
||||||value|value|
|At 1 September|||||1,337,306|1,386,338|
|Additions|||||260,528|247,752|
|Disposals|||||(157,051)|(250,248)|
|Unrealised|gain/(loss)|on|revaluation|for the year|267,174|(46,536)|
|At 31 August|||||1,707,957|1,337,306|
|Cash held|by investment||manager||37,953|126,289|
|Total|||||1,745,910|1,463,595|
|Historical|cost of investments||||1,257,752|1,292,761|
|Investment|s
which|compri|se
more t|han 5%ofthe market valu|e of investments
are:||
|---|---|---|---|---|---|---|
||||||Market||
||||||value|Cost|
||||||F|F|
|Aberdeen|Standard|Fund|Managers|Ltd|94,439|77,773|
|Debtors|||||
|---|---|---|---|---|
||Group|Group|School|School|
||2021
F|2020|2021f|2020|
|Trade debtors|41,691|61,590|39,775|53,873|
|Amounts
due from own subsidiary|||19,000|23,874|
|Other debtors|4,500|46,762|4,500|46,762|
|Prepayments|329,148|292,719|329,148|292,719|
||375,339|401,071|392,423|417,228|
##
##
##
|Creditors: am|ounts
falling due within|less than one ye|ar|||
|---|---|---|---|---|---|
|||Group|Group|School|School|
|||2021|2020|2021|2020|
|||F||||
|Bank overdraft||622,282|1,709,367|622,282|1,709,367|
|Bank loan (see|note 18)|200,000|200,000|200,000|200,000|
|Trade creditors||486,399|322,123|486,399|322,123|
|Deposits held||658,551|648,868|658,551|648,868|
|Other taxes and social security costs||229,485|407,197|224,870|403,412|
|Other creditors||221,151|89,246|221,151|89,246|
|Accruals||346,252|121,785|340,60¹|115,908|
|Advance fee scheme payments||||||
|(see note 19)||16,530|42,577|16,530|42,577|
|Fees received|in advance|402,648|382,373|402,648|382,373|
|||3,183,298|3,923,536|3,173,035|3,913,874|
##
|Creditors: am|ounts
falling due afte|r more than one yea|r|||
|---|---|---|---|---|---|
|||Group|Group|School|School|
|||2021|2020|2021|2020|
||||E|f.||
|Bank loan (see|note 18)|1,726,367|1,800,000|1,726,367|1,800,000|
|Fees received|in advance|4,533||4,533||
|Advance fee scheme payments||||||
|(see note 19)||16,530|37,193|16,530|37,193|
|||1,747,430|1,837,193|1,747,430|1,837,193|
##
##
##
##
||||2021|2020|
|---|---|---|---|---|
|Within|1 year||200,000|200,000|
|Within|2 to 5years||800,000|800,000|
|More|than 5years||926,367|1,000,000|
|Total|due in more than one year||1,726,367|1,800,000|
|Total|balance repayable|at the year end|1,926,367|2,000,000|
##
##
|It is in|ten|ded
that the advance fees will be applied|as follows:||
|---|---|---|---|---|
||||2021|2020|
|||||F|
|Within|1|year|16,530|42,577|
|Within|2|to 5years|16,530|37,193|
||||33,060|79,770|
|Balance|at 1 September 2020||79,770|156,660|
|---|---|---|---|---|
|Amounts|utilised
in the payment|offees|(46,710)|(76,890)|
|Balance|at 31 August 2021||33,060|79,770|
##
##
##
||
leases as follows:|gp
|||||||
|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|
||Due within one year||||||35,153|53,503|
||Due between one and|five years|||||43,941|4,391|
||||||||79,094|57,895|
|21|Capital commitments||||||||
||At 31 August 2021 the|School had the|following|capital commitments:|||||
||||||||2021|2020|
||||||||F||
||Contracts for future capital expenditure||not provided||in the financial||||
||statements||||||11,583|91,100|
|22|Funds||||||||
||Group —current year||||||||
|||Balance at 1||||||At 31|
|||September||||Gains and||August|
|||2020|Income||Expenditure|(losses)|Transfers|2021|
||Unrestricted||||||||
||funds||||||||
||General|14,850,697|17,333,272||(16,528,677)||(182,050)|15,473,242|
||unrestricted||||||||
||Designated —The||||||||
||Bursary Fund|1,000,000|31,843||(481,067)|267,174|182,050|1,000,000|
||Total Unrestricted||||||||
||funds|15,850,697|17,365,115||(17,009,744)|267,174||16,473,242|
||Restricted funds|28,706|17,044||(7,544)|||38,206|
||Total funds|15,879,403|17,382,159||(17,017,288)|267,174||16,511,448|
##
##
##
||Balance at 1|||||At|
|---|---|---|---|---|---|---|
||September|||Gains and||31August|
||2020|Income|Expenditure|(losses)|Transfers|2021|
|Unrestricted|||||||
|funds|||||||
|General|||||||
|unrestricted|14,804,109|17,337,741|(16,518,891)||(182,050)|15,440,909|
|Designated —The|||||||
|Bursary Fund|1,000,000|31,843|(481,067)|267,174|182,050|1,000,000|
|Total Unrestricted|||||||
|funds|15,804,109|17,369,584|(16,999,958)|267,174||16,440,909|
|Restricted funds|28,706|17,044|(7,544)|||38,206|
|Total funds|15,832,815|17,386,628|(17,007,502)|267,174||16,479,115|
|Group —prior year|||||||
|---|---|---|---|---|---|---|
||Balance at 1|||||At|
||September||||Gains and|31August|
||2019|Income|Expenditure|Transfers|(losses)|2020|
|Unrestricted|||||||
|funds|||||||
|General|||||||
|unrestricted|14,750,660|17,052,470|(16,437,607)|(514,826)||14,850,697|
|Designated —The|||||||
|Bursary Fund|1,000,000|33,213|(501,503)|514,826|(46,536)|1,000,000|
|Total Unrestricted|||||||
|funds|15,750,660|17,085,683|(16,939,110)||(46,536)|15,850,697|
|Restricted funds||36,292|(7,586)|||28,706|
|Total funds|15,750,660|17,121,975|(16,946,696)||(46,536)|15,879,403|
##
##
||Balance at||||||
|---|---|---|---|---|---|---|
||1||||Gains|At|
||September||||and|31 August|
||2019|Income|Expenditure|Transfers|(losses)|2020|
|Unrestricted|||||||
|funds|||||||
|General|||||||
|unrestricted|14,683,051|17,065,863|(16,429,979)|(514,826)||14,804,109|
|Designated —The|||||||
|Bursary
Fund|1,000,000|33,213|(501,503)|514,826|(46,536)|1,000,000|
|Total Unrestricted|||||||
|funds|15,683,051|17,099,076|(16,931,482)||(46,536)|15,804,109|
|Restricted funds||36,292|(7,586)|||28,706|
|Total funds|15,683,051|17,135,368|(16,939,068)||(46,536)|15,832,815|
|Group|||||||
|---|---|---|---|---|---|---|
|||Fixed||Net current|Long term|2021|
|||assets|Investments|liabilities|liabilities|Total|
|||||f.|||
|Funds 2021|||||||
|General
fund||18,630,363||(1,409,691)|(1,747,430)|15,473,242|
|Designated|funds||1,745,910|(745,910)||1,000,000|
|Restricted|fund|||38,206||38,206|
|||18,630,363|1,745,910|(2,117,395)|(1,747,430)|16,511,448|
|||Fixed||Net current|Long term|2020|
|||assets|Investments|liabilities|liabilities|Total|
|||||F|||
|Funds 2020|||||||
|Revenue account||19,374,674||(2,686,784)|(1,837,193)|14,850,697|
|Designated|funds||1,463,595|(463,595)||1,000,000|
|Restricted|funds|||28,706||28,706|
|||19,374,674|1,463,595|(3,121,673)|(1,837,193)|15,879,403|
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|School|||||||
|---|---|---|---|---|---|---|
|||Fixed||Net current|Long term|2021|
|||assetsf|Investments|liabilities|liabilities
F|Total
F|
|Funds 2021|||||||
|General account||18,630,363||(1,442,024)|(1,747,430)|15,440,909|
|Designated|funds||1,745,912|(745,912)||1,000,000|
|Restricted|funds|||38,206||38,206|
|||18,630,363|1,745,912|(2,149,730)|(1,747,430)|16,479,115|
|||Fixed||Net current|Long term|2020|
|||assets|Investments|liabilities|liabilities|Total|
|||F|F|F||E|
|Funds 2020|||||||
|General account||19,374,674||(2,733,372)|(1,837,193)|14,804,109|
|Designated|funds||1,463,597|(463,597)||1,000,000|
|Restricted|funds|||28,706||28,706|
|||19,374,674|1,463,597|(3,168,263)|(1,837,193)|15,832,815|
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||||||At|||At|
|---|---|---|---|---|---|---|---|---|
||||||1 September|||31August|
||||||2020f|Cash flows
f|Non-cash flows|2021|
|Cash|balances||||400,792|289,772||690,564|
|Overdraft|||||(1,709,367)|1,087,085||(622,282)|
|Bank|loans|due|in|under|(200,000)|||(200,000)|
|one year|||||||||
|Bank|loans|due|in|more|(1,800,000)|73,633||(1,726,367)|
|than|one year||||||||
|Net Debt|||||(3,308,575)|1,450,490||(1,858,085)|
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