2021-08-31-accounts - St Mary's School (Colchester) Limited

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						Page
Reference and administrative		details	ofthe company,	its Governors	and advisers
Governors'	report					2-9
Independent	auditors' report	on the	financial statements			10-13
Consolidated	statement offinancial		activities
Consolidated	balance sheet					15-16
Company balance sheet						17 - 18
Consolidated	statement ofcash flows					19
Notes to the	financial statements					20-38

			Unrestricted	Restricted	Total	Tote/
			funds	funds	funds	funds
		Note	2021 6	2021 6	2021	2020f
Income from:
Donations and legacies			54,156		54,156	92,259
Charitable activities			5,183,517		5,183,517	4,899,317
Other trading activities			76,829		76,829	64,285
Investments			1,338		'l,338	3,370
Total income			5,315,840		5,315,840	5,059,231
Expenditure on:
Raising funds			67,488		67,488	56,206
Charitable activities		7	5,290,143		6,290,143	4,775,863
Total expenditure			5,357,631		5,357,631	4,832,069
Net (expenditure)/Income			(41,791)		(41,791)	227,162
Transfers between	funds	18	53,000	(53,000)
Net movement in funds			11,209	(63,000)	(41,791)	227,162
Reconciliation offunds:
Total funds brought	forward		4,488,648	54,000	4,542,648	4,315,486
Net movement in funds			11,209	(53,000)	(41,791)	227,162
Total funds carried	forward		4,499,857	1,000	4,500,857	4,542,648

			CONSOLIDATED	BALANCE SHEET
			AS AT 31 AUGUST 2021
			Note	2021f		2020 5
Fixed assets
Tangible assets			12	3,407,776		3,192,124
				3,407,776		3,192,124
Current assets
Stocks			14	50,978	51,374
Debtors			15	280,195	389,016
Cash at bank and in hand				2,066,521	2,265,446
				2,397,694	2,705,836
Creditors: amounts	falling due within		one
year			16	(1,304,613)	(f,355,312)
Net current assets				1,093,081		1,350,524
Total assets less current liabilities				4,500,857		4,542,648
Net assets excluding		pension asset		4,500,857		4,542,648
Total net assets				4,500,857		4,542,648
Charity funds
Restricted funds			18	1,000		54,000
Unrestricted funds			18	4,499,867		4,488,648
Total funds				4,500,867		4,542,648

			COMPANY BALANCE SHEET	COMPANY BALANCE SHEET
			AS AT 31 AUGUST 2021
			Note		2021f		2020f
Fixed assets
Tangible assets			12		3,407,776		3,192,124
Investments			13		1		1
					3,407,777		3,192,125
Current assets
Stocks			14	7,423		9,640
Debtors			15	313,918		417,938
Cash at bank	and in hand			2,066,446		2,264,591
				2,387,786		2,692,169
Creditors: amounts		falling due within one
year			16	(1,302,139)		(1,347,496)
Net current	assets				1,086,647		1,344,671
Total assets	less current liabilities				4,493,424		4,536,796
Net assets excluding			pension asset		4,493,424		4,536,796
Total net assets					4,493,424		4,536,796
Charity funds
Restricted funds			18	1,000
Restricted funds			18		1,000		54,000
Unrestricted	funds		18		4,492,424		4,482,796
Total funds					4,493,424		4,536,796

				2021	2020
				E	5
Cash flows from operating		activities
Net cash	used in operating	activities		209,654	354,912
Cash flows from investing		activities
Dividends,	interests and rents from investments			1,338	3,370
Proceeds	from the sale of intangible assets			100	2,500
Purchase	oftangible fixed assets			(410,017)	(256,276)
Net cash	used in investing	activities		(408,579)	(250,406)
Cash flows from financing		activities
Net cash	provided by financing activities
Change	in cash and cash	equivalents in	the year	(198,925)	114,506
Cash and	cash equivalents	at the beginning	ofthe year	2,265,446	2,150,940
Cash and cash equivalents		at the end of	the year	2,066,521	2,265,446
The notes on pages 20to 38 form part ofthese financial statements

		Unrestricted	Total	Total
		funds	funds	funds
		2021f	2021f	2020f
Donations		26,406	26,406	26,124
Government	Grants	27,750	27,750	66,135
		54,156	54,156	92,259
Total 2020		92,259	92,259

		Unrestricted	Total	Total
		funds	funds	funds
		2021	2021	2020
		f.	F
Income from charitable	activities - Upper School	3,637,245	3,637,245	3,507,626
Income from charitable	activities - Lower School	1,358,239	1,358,239	1,206,299
Income from charitable	activities - Kindergarten	188,033	188,033	185,392
Total 2021		5,183,517	5,183,517	4,899,317
Total 2020		4,899,317	4,899,317

		Unrestricted	Total	Total
		funds	funds	funds
		2021f	2021f	2020 5
Shop	income	76,829	76,829	64,285
Total	2020	64,285	64,285

		Unrestricted	Total	Total
		funds	funds	funds
		2021	2021	2020
		6	6
Investment	income - bank interest	1,338	1,338	3,370
Total 2020		3,370	3,370

	Unrestricted	Total	Total
	funds	funds	funds
	2021	2021	2020
	E	E.	E
Upper School	3,661,812	3,661,812	3,281,829
Lower School	1,404,968	1,404,968	1,277,416
Kindergarten	223,363	223,363	216,618
	5,290,143	5,290,143	4,775,863
Total 2020	4,775,863	4,775,863

	Activities
	undertaken	Support	Total	Total
	directly	costs	funds	funds
	2021	2021	2021	2020
	E	E	E	E
Upper School	2,440,036	1,221,776	3,661,812	3,281,829
Lower School	982,225	422,743	1,404,968	1,277,416
Kindergarten	165,932	57,431	223,363	216,618
	3,588,193	1,701,950	5,290,143	4,775,863
Total 2020	3,338,445	1,437,418	4,775,863

					2021 F	2020f
Fees annual	payable to the company's accounts		auditor	for the audit ofthe company's	11,310	11,310
Fees	payable	to the company's	auditor	in respect of:
All non-audit		services not included above			2,148	2,148

Staff costs
				Group	Group	Company	Company
				2021f	2020f	2021f	2020f
Wages and	salaries			2,807,625	2,644, 754	2,797,942	2,636,712
Social security costs				275,488	251,116	275,241	250,979
Contribution	to defined	contribution	pension
schemes				483,206	446,515	483,094	446,441
				3,566,319	3,342,385	3,656,277	3,334, 132

				Group	Group
				2021	2020
				No.	No.
Teaching	staff			42	42
Domestic	&	non-teaching	staff	14	11
Adminitrative		staff		13	13
Nursery				6	7
				75	73

					Group	Group
					2021	2020
					No.	No.
In	the	band	f60,001	- f70,000
In	the	band	f80,001	- f90,000
In	the	band	f90,001	- f100,000

				Assets
	Freehold	Motor	Fixtures and	under
	property F	vehicles f	fittings 6	construction 6	Total 6
Cost or valuation
At 1 September 2020	3,906,660	15,382	1,521,460	149,868	5,593,360
Additions			125,087	284,930	410,017
Disposals			(596)		(596)
Transfers between classes	274,319			(274,319)
At 31August 2021	4,180,979	15,382	1,645,941	160,479	6,002,781
Depreciation
At 1 September 2020	1,305,737	15,382	1,080,117		2,401,236
Charge for the year	77,545		116,820		194,365
On disposals			(596)		(596)
At 31 August 2021	1,383,282	15,382	1,196,341		2,595,005
Net book value
At 31 August 2021	2,797,697		449,600	160,479	3,407,776
At31August 2020	2 600,923		441,333	149,868	3,192,124

	Freehold	Motor	Fixtures and	Other fixed
	propertyf	vehicles 6	fittings f	assets 6	Totalf
Cost or valuation
At 1 September 2020	3,906,660	15,382	1,521,450	149,868	5,593,360
Additions			125,087	284,930	410,017
Disposals			(596)		(596)
Transfers between dasses	274,319			(274,319)
At 31 August 2021	4,180,979	15,382	1,645,941	160,479	6,002,781
Depreciation
At 1 September 2020	1,305,737	15,382	1,080,117		2,401,236
Charge for the year	77,545		116,820		194,365
On disposals			(596)		(596)
At 31 August 2021	1,383,282	15,382	1,196,341		2,595,005
Net book value
At 31August 2021	2,797,697		449,600	160,479	3,407,776
At 31August 2020	2 600,923		441,333	149,868	3,192,124

			Group	Group	Company	Company
			2021 f.	2020f	2021 E	2020f
Finished	goods and goods for resale		50,978	51,374	7,423	9,640
Debtors
			Group	Group	Company	Company
			2021f	2020f	2021 f.	2020f
Due within one year
Trade debtors			78,294	f65,568	80,367	165,604
Amounts	owed by group undertakings				32,610	30,368
Other debtors			22,682	10,976	21,782	9,554
Prepayments		and accrued income	179,219	212,472	179,159	212,412
			280,195	389,016	313,918	417,938

				Group	Group	Company	Company
				2021f	2020f	2021f	2020f
Trade	creditors			104,368	124,456	103,767	122,559
Other	taxation	and social security		70,885	61,128	70,885	61,128
Other	creditors,	accruals and deferred	income	1,129,360	1,169,728	1,127,487	1,163,811
				1,304,613	1,355,312	1,302,139	1,347,498
				Group	Group	Company	Company

16.	Creditors: Amounts	falling	due within one	year (continued)
				Group 2021 E	Group 2020	Company 2021 f.	Company 2020f
				2021 E	2020f	2021 E	2020f
	Deferred income and fees		in advance
	Deferred income at 1 September 2020			323713	349,783	323,713	349,783
	Resources deferred	during	the year	360,327	359,819	360,327	359,819
	Resources released	during	the year	(384,936)	(385,889)	(384,936)	(385,889)
	Deferred income at	31 August 2021		299,104	323,713	299,104	323,713
17.	Financial instruments
				Group 2021 E	Group 2020f	Company 2021f	Company 2020f
	Financial assets
	Financial assets measured at fair value through income and expenditure			2,066,521	2,265, 446	2,066,445	2,264, 591
18.	Statement offunds
	Statement offunds	- current year

Statement	offunds - current	year
		Balance at 1				Balance at
		September 2020	Income	Expenditure	Transfers in/out	31 August 2021
		E	E	E	f.	E
Unrestricted funds
General Funds - all funds		1,296,524	5,315,840	(5,163,264)	(357,019)	1,092,081
Restricted	fixed asset fund	3,192,124		(194,367)	410,019	3,407,776
		4,488,648	6,315,840	(5,357,631)	53,000	4,499,857
Restricted	funds
Restricted	Funds - all funds	1,000				1,000
Comrie scholarship		53,000			(53,000)

State	ment offunds -c	urrent year (continued)
		Balance at 1				Balance at
		September 2020f	Income E	Expenditure 5	Transfers in/out 5	31 August 2021 F
		54,000			(53,000)	1,000
Total	offunds	4,542,648	5,315,840	(5,357,631)		4,500,857

Statement	offunds - prior ye	ar
		Balance at				Salance at
		1 September 2019 6	Income	Expenditure	Transfers inlout	31August 2020f
Unrestricted funds
General Funds - all funds		1,126, 166	5,059,231	(4,635,097)	(253,776)	1,296,524
Restricted	fixed asset fund	3,135,320		(196,972)	253,776	3,192,124
		4,261,486	5,059,231	(4,632,069)		4,488, 648
Restricted	funds
Restricted	Funds - all funds	1,000				1,000
Comrie scholarship		53,000				53,000
						54,000
Total offunds		4,315,486	5,059,231	(4,632,069)		4,542, 648

Summary offunds - cu	rrent year
	Balance at 1				Balance at
	September 2020f	Income f	Expenditure F	Transfers in/out 6	31August 2021 5
General funds	4,488,648	5,315,840	(5,357,631)	53,000	4,499,857
Restricted funds	54,000			(53,000)	1,000
	4,542,648	5,315,840	(5,357,631)		4,500,857

	Balance al				Balance at
	1September 2019f	Income f	Expenditure	Transfers inlout f	31August 2020f
General funds	4,261,486	5,059,231	(4,832,069)		4,488,648
Restricted funds	54,000				54,000
	4,315,486	5,059,231	(4,832,069)		4,542,648

Analysis of net assets between	funds - current year
		Unrestricted	Restricted	Total
		funds	funds	funds
		2021	2021f	2021
Tangible fixed assets		3,407,776		3,407,776
Current assets		2,396,694	1,000	2,397,694
Creditors due within one year		(1,304,613)		(1,304,613)
Total		4,499,857	1,000	4,600,857
Analysis of net assets between	funds - prior year
		Unrestricted	Restricted	Total
		funds	funds	funds
		2020f	2020 6	2020f
Tangible fixed assets		3,192124		3,192,124
Current assets		2,651,836	54,000	2,705,836
Creditors due within one year		(1,355,312)		(1,355,312)
Total		4,488,648	54,000	4,542,648

21.	Reconciliation of	net	net	movement	movement	movement	in funds to	in funds to	net	cash flow	from operating	from operating	from operating	activities
														Group	Group
														2021 6	2020f
	Net income/expenditure Activities)				for	the	year	(as	per	Statement	of	Financial		(41,791)	227,162
	Adjustments for:
	Depreciation charges													194,365	199,215
	Dividends, interests		and rents			from	investments							(1,338)	(3,370)
	Profit on the sale offixed				assets									(100)	(2,243)
	Decrease/(increase)		in	stocks										396	(5,257)
	Decrease/(increase)		in	debtors										108,821	(42,519)
	Increase in creditors													(50,699)	(8,076)
	Net cash provided		by	operating			activities							209,654	364,912
22.	Analysis ofcash	and		cash equivalents
														Group	Group
														2021f	2020f
	Cash in hand													2,066,521	2 265,446
	Total cash and cash			equivalents										2,066,521	2,265, 446
23.	Analysis ofchanges			in	net debt
												At	1
											September				At 31
												2020 f		Cash flows f	August 2021 f
	Cash at bank and	in	hand									2,265,446		(198,925)	2,066,521
												2,265,446		(198,925)	2,066,521

payments under non-cancellable operating lease	s as follows:
	Group 2021 F	Group 2020	Company 2021 6	Company 2020f
Amounts payable:
Not later than 1 year	30,201	35,693	30,201	35,693
Later than 1 year and not later than 5 years	45,855	29,460	45,855	29,460
Total	76,056	65,153	76,056	65,153

Name			Company	Registered office or principal	Principal	activity
			number	place of business
SMS	(Colchester)	Limited	07579755	91 Lexden Road, Colchester, Essex. CO3 3RB	School shop

he fi	nancial result	s ofthe subsidiary	for the year were:
Name			Income	Expenditure	Profit/(Loss)	Net assets
			8		/ Surplus/	F
					(Deficit) for
					the year
					8
SMS	(Colchester)	Limited	78,329	70,895	7,434	7,435