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





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||||Unrestricted|Restricted|Total|Tote/|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
|||Note|2021<br>6|2021<br>6|2021|2020f|
|Income from:|||||||
|Donations<br>and legacies|||54,156||54,156|92,259|
|Charitable<br>activities|||5,183,517||5,183,517|4,899,317|
|Other trading<br>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<br>on:|||||||
|Raising funds|||67,488||67,488|56,206|
|Charitable<br>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<br>between|funds|18|53,000|(53,000)|||
|Net movement<br>in funds|||11,209|(63,000)|(41,791)|227,162|
|Reconciliation<br>offunds:|||||||
|Total funds brought|forward||4,488,648|54,000|4,542,648|4,315,486|
|Net movement<br>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<br>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<br>funds|||18|1,000||54,000|
|Unrestricted<br>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|





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## 

|||||2021|2020|
|---|---|---|---|---|---|
|||||E|5|
|Cash flows from operating||activities||||
|Net cash|used<br>in operating|activities||209,654|354,912|
|Cash flows from investing||activities||||
|Dividends,|interests<br>and rents from investments|||1,338|3,370|
|Proceeds|from the sale of intangible<br>assets|||100|2,500|
|Purchase|oftangible<br>fixed assets|||(410,017)|(256,276)|
|Net cash|used in investing|activities||(408,579)|(250,406)|
|Cash flows from financing||activities||||
|Net cash|provided<br>by financing<br>activities|||||
|Change|in cash and cash|equivalents<br>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||||||





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|||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||





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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2021f|2021f|2020<br>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||





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## 

||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<br>F|2020f|
|---|---|---|---|---|---|---|
|Fees <br>annual|payable to the company's<br>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<br>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|||





## 

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## 

|||||Assets||
|---|---|---|---|---|---|
||Freehold|Motor|Fixtures and|under||
||property<br>F|vehicles<br>f|fittings<br>6|construction<br>6|Total<br>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<br>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|





## 

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## 

||Freehold|Motor|Fixtures and|Other fixed||
|---|---|---|---|---|---|
||propertyf|vehicles<br>6|fittings<br>f|assets<br>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<br>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|





## 

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## 

## 

||||Group|Group|Company|Company|
|---|---|---|---|---|---|---|
||||2021<br>f.|2020f|2021<br>E|2020f|
|Finished|goods and goods for resale||50,978|51,374|7,423|9,640|
|Debtors|||||||
||||Group|Group|Company|Company|
||||2021f|2020f|2021<br>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|





## 

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## 

|16.|Creditors: Amounts|falling|due within one|year (continued)||||
|---|---|---|---|---|---|---|---|
|||||Group<br>2021<br>E|Group<br>2020|Company<br>2021<br>f.|Company<br>2020f|
|||||2021<br>E|2020f|2021<br>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<br>2021<br>E|Group<br>2020f|Company<br>2021f|Company<br>2020f|
||Financial assets|||||||
||Financial assets measured<br>at fair value<br>through<br>income and expenditure|||2,066,521|2,265, 446|2,066,445|2,264, 591|
|18.|Statement offunds|||||||
||Statement<br>offunds|- current year||||||



|Statement|offunds - current|year|||||
|---|---|---|---|---|---|---|
|||Balance at 1||||Balance at|
|||September<br>2020|Income|Expenditure|Transfers<br>in/out|31 August<br>2021|
|||E|E|E|f.|E|
|Unrestricted<br>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<br>2020f|Income<br>E|Expenditure<br>5|Transfers<br>in/out<br>5|31 August<br>2021<br>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<br>2019<br>6|Income|Expenditure|Transfers<br>inlout|31August<br>2020f|
|Unrestricted<br>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<br>offunds - cu|rrent year|||||
|---|---|---|---|---|---|
||Balance at 1||||Balance at|
||September<br>2020f|Income<br>f|Expenditure<br>F|Transfers<br>in/out<br>6|31August<br>2021<br>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<br>2019f|Income<br>f|Expenditure|Transfers<br>inlout<br>f|31August<br>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<br>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<br>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<br>6|2020f|
||Net<br>income/expenditure<br>Activities)||||for|the|year|(as|per|Statement|of|Financial||(41,791)|227,162|
||Adjustments<br>for:|||||||||||||||
||Depreciation<br>charges|||||||||||||194,365|199,215|
||Dividends,<br>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<br>in creditors|||||||||||||(50,699)|(8,076)|
||Net cash provided||by|operating|||activities|||||||209,654|364,912|
|22.|Analysis<br>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<br>f||Cash flows<br>f|August 2021<br>f|
||Cash at bank and|in|hand|||||||||2,265,446||(198,925)|2,066,521|
|||||||||||||2,265,446||(198,925)|2,066,521|





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## 

|<br><br><br><br>payments<br>under non-cancellable<br>operating<br>lease|s as follows:||||
|---|---|---|---|---|
||Group<br>2021<br>F|Group<br>2020|Company<br>2021<br>6|Company<br>2020f|
|Amounts<br>payable:|||||
|Not later than<br>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<br>office or principal|Principal|activity|
|---|---|---|---|---|---|---|
||||number|place of business|||
|SMS|(Colchester)|Limited|07579755|91 Lexden Road, Colchester,<br>Essex. CO3 3RB|School shop||





## 

## 

|he fi|nancial<br>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|