## St. Mary’s School (Calne) (a company limited by guarantee) 

GOVERNORS’ REPORT AND CONSOLIDATED ACCOUNTS 

for the year ended 31 August 2021 

Registered Charity Number 309482 Company Registration Number 00235572 



||PAGE|
|---|---|
|Governors and Advisers||
|Annual Reportofthe Governors|2-16|
|IndependentAuditor's report|17-20|
|Consolidated StatementofFinancialActivities including Income and Expenditure Account|21|
|Balance Sheets|22|
|Consolidated StatementofCash Flows|23|
|Notes to the Accounts|24-47|





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||**UK GHG **|**Emission and Energy Data**|**Emission and Energy Data**|
|---|---|---|---|
||**2020-21**|**2019-20**|**2018-19**|
|**Energy consumption used to calculate**<br>**emissions (kWh)**|**4,917,865**|**4,843,399**|**5,388,573**|
|**Scope 1: Emissions from the combustion of**<br>**Natural Gas tCOe**|**660.68**|**657.33**|**695.59**|
|DEFRAConversion Rate for Gas used in above<br>calculation (kg/CO2/kWh)|0.18316|0.18387|0.18385|
|**Scope 2: Emissions from purchased Electricity**<br>**tCOe**|**278.31**|**295.57**|**356.06**|
|DEFRAConversion Rate forElectricity used in<br>above calculation (kg/CO2/kWh)|0.21233|0.23314|0.25560|
|**Total gross COe based on above (tCOe)**|**938.99**|**952.90**|**1,051.65**|
|**Intensity Ratio l:** tonnes CO¿e gross based on<br>mandatory fields above per metre square of<br>Gross Internal Area (tonne CO;em?)|**0.37 tonnes**<br>**CO;e m?**|**0.038 tonnes**<br>**CO;e m?**|**0.043 tonnes**<br>**COe m?**|
|Gross InternalArea used to calculate IRl<br>(newlibraryadded 2020 @ 625m2)|25,438m2|24,813m24|24,813m2|
|**Intensity Ratio 2:** tonnes CO.e gross based on|**1.8 tonnes**|**1.8 tonnes**|**2 tonnes**|
|mandatory fields above per pupil|**COe / Pupil**|**CO;e / Pupil**|**COe / Pupil**|
|Number ofpupils used to calculate IR2|522|529|530|





## 



INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF ST. MARY’S SCHOOL (CALNE) 

## **Opinion** 

We have audited the financial statements of St Mary’s School (Calne) (the ‘parent charitable company’) and its subsidiaries (the ‘group’) for the year ended 31 August 2021 which comprise the Consolidated Statement of Financial Activities, the Group and Company Balance Sheets, the Consolidated Statement of Cash Flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice). 

In our opinion the financial statements: 

- give a true and fair view of the state of the group’s and the parent charitable company’s affairs as at 31 August 2021 and of the group’s incoming resources and application of resources, including its income and expenditure, for the year then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and 

- have been prepared in accordance with the requirements of the Companies Act 2006. 

## **Basis for opinion** 

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 

## **Conclusions relating to going concern** 

In auditing the financial statements, we have concluded that the Governors’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group’s or parent charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. 

Our responsibilities and the responsibilities of the Governors with respect to going concern are described in the relevant sections of this report. 

## **Other information** 

The other information comprises the information included in the Annual Report of the Governors other than the financial statements and our auditor’s report thereon. The Governors are responsible for the other information contained within the Annual Report of the Governors. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. 

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated.  If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves.  If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. 

We have nothing to report in this regard. 

17 



INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF ST. MARY’S SCHOOL (CALNE) 

## **Opinions on other matters prescribed by the Companies Act 2006** 

In our opinion, based on the work undertaken in the course of the audit: 

- the information given in the Annual Report of the Governors, which includes the Directors’ Report  and the Strategic Report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and 

- the Directors’ Report and the Strategic Report included within the Annual Report of the Governors have been prepared in accordance with applicable legal requirements. 

## **Matters on which we are required to report by exception** 

In the light of the knowledge and understanding of the group and the parent charitable company and their environment obtained in the course of the audit, we have not identified material misstatements in the Directors’ Report or the Strategic Report included within the Annual Report of the Governors. 

We have nothing to report in respect of the following matters where the Companies Act 2006 require us to report to you if, in our opinion: 

- adequate accounting records have not been kept by the parent charitable company, or returns adequate for our audit have not been received from branches not visited by us; or 

- the parent charitable company financial statements are not in agreement with the accounting records and returns; or 

- certain disclosures of trustees’ remuneration specified by law are not made; or 

- we have not received all the information and explanations we require for our audit. 

## **Responsibilities of Governors** 

As explained more fully in the Statement of Governors’ responsibilities set out on page 13, the Governors (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Governors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. 

In preparing the financial statements, the Governors are responsible for assessing the groups and parent charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Governors either intend to liquidate the group or parent charitable company or to cease operations, or have no realistic alternative but to do so. 

## **Auditor’s responsibilities for the audit of the financial statements** 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 

## **The extent to which the audit was considered capable of detecting irregularities, including fraud** 

Irregularities are instances of non-compliance with laws and regulations.  The objectives of our audit are to obtain sufficient appropriate audit evidence regarding compliance with laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements, to perform audit procedures to help identify instances of non-compliance with other laws and regulations that may have a material effect on the financial statements, and to respond appropriately to identified or suspected non-compliance with laws and regulations identified during the audit. 

In relation to fraud, the objectives of our audit are to identify and assess the risk of material misstatement of the financial statements due to fraud, to obtain sufficient appropriate audit evidence regarding the assessed risks of 

18 



INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF ST. MARY’S SCHOOL (CALNE) 

material misstatement due to fraud through designing and implementing appropriate responses and to respond appropriately to fraud or suspected fraud identified during the audit. 

However, it is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud. 

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, the group audit engagement team: 

- obtained an understanding of the nature of the sector, including the legal and regulatory framework that the group and parent charitable company operate in and how the group and parent charitable company are complying with the legal and regulatory framework; 

- inquired of management, and those charged with governance, about their own identification and assessment of the risks of irregularities, including any known actual, suspected or alleged instances of fraud; 

- discussed matters about non-compliance with laws and regulations and how fraud might occur including assessment of how and where the financial statements may be susceptible to fraud. 

As a result of these procedures we consider the most significant laws and regulations that have a direct impact on the financial statements are FRS 102, Charities SORP (FRS 102), Companies Act 2006,  Charities Act 2011, the parent charitable company’s governing document, tax legislation and Charities (Protection and Social Investment) Act 2016. We performed audit procedures to detect non-compliances which may have a material impact on the financial statements which included reviewing the financial statements including the Report of the Governors, remaining alert to new or unusual transactions which may not be in accordance with the governing documents, inspecting correspondence with local tax authorities and evaluating advice received from internal/external advisors. 

The most significant laws and regulations that have an indirect impact on the financial statements are The Education (Independent School Standards) Regulations 2014, Keeping Children Safe in Education under section 175 of the Education Act 2002, and the UK General Data Protection Regulation (UK GDPR).  We performed audit procedures to inquire of management and those charged with governance whether the charitable company is in compliance with these law and regulations and inspected correspondence with regulatory authorities. 

The audit engagement team identified the risk of management override of controls and income recognition as the area where the financial statements were most susceptible to material misstatement due to fraud.  Audit procedures performed included but were not limited to testing manual journal entries and other adjustments, evaluating the business rationale in relation to significant, unusual transactions and transactions entered into outside the normal course of business, challenging judgments and estimates and performing substantive test of details over a sampling of donations. 

A further description of our responsibilities for the audit of the financial statements is provided on the Financial Reporting Council’s website at http://www.frc.org.uk/auditorsresponsibilities.  This description forms part of our auditor’s report. 

19 



INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF ST. MARY’S SCHOOL (CALNE) 

## **Use of our report** 

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006.  Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed. 


KERRY GALLAGHER (Senior Statutory Auditor) For and on behalf of RSM UK AUDIT LLP, Statutory Auditor Chartered Accountants Hartwell House 55-61 Victoria Street Bristol BS1 6AD 

Date: 14 March 2022 

20 



||||||Total|Total|
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|Funds|Funds|
|||Funds|Funds|Funds|2021|2020|
||Notes|£|£|£|£|£|
|INCOME FROM:|||||||
|**Charitable activities**|||||||
|School fees receivable|3(a)|14,235,575|||14,235,575|13,670,531|
|Othereducational income|3(b)|254,474|||254,474|198,207|
|Otherancillary trading income|3(b)|196,910|||196,910|195,160|
|Other trading activities|3(c)|323,655|||323,655|453,616|
|Investment income|3(b)|5,913|14,472||20,385|29,854|
|Donations|3(b)|3,799|500,966||504,765|4,400,998|
|OtherIncome|3(b)|409,849|||409,849|604,049|
|**Total income**||15,430,175|515,438||15,945,613|19,552,415|
|EXPENDITURE ON:|||||||
|**Charitable activities**|||||||
|School operating costs|5|14,420,668|242,805||14,663,473|13,997,821|
|**Raising funds**|||||||
|Other trading expenditure|5|730,209|||730,209|766,080|
|School financing costs|5|58,212|||58,212|81,369|
|||788,421|||788,421|847,449|
|**Total expenditure**|5|15,209,089|242,805||15,451,894|14,845,270|
|Net gains on investments|10|25,607|122,542|13,079|161,228|50,251|
|NETINCOME||246,693|395,175|13,079|654,947|4,757,396|
|NET MOVEMENT IN|||||||
|FUNDS FORTHE YEAR||246,693|395,175|13,079|654,947|4,757,396|
|Fund balances at start ofyear||15,732,365|9,523,933|60,916|25,317,214|20,559,818|
|Fund balances at end ofyear|17-20|15,979,058|9,919,108|73,995|25,972,161|25,317,214|





|||GROUP|GROUP||SCHOOL|SCHOOL|
|---|---|---|---|---|---|---|
|||2021||2020|2021|2020|
||Notes|£||£|£|£|
|**FIXED ASSETS**|||||||
|Intangible assets|7|6,513||10,099|6,513|10,099|
|Tangible assets|8|30,149,443|30,028,701||30,089,899|29,946,957|
|Investment assets|9|1,496,802||1,323,567|225,494|191,840|
|||31,652,758|31,362,367||30,321,906|30,148,896|
|**CURRENT ASSETS**|||||||
|Stocks|11|100,658||115,158|99,224|112,813|
|Debtors|12|760,853||828,544|431,718|340,260|
|Cash at bank and in hand||2,946,081||2,856,229|2,224,766|2,000,642|
|||3,807,592||3,799,931|2,755,708|2,453,715|
|**CRiviTOiS:** Ámounts faiiing due|||||||
|within one year|13|(4,469,747)|(5,222,987)||(4,362,234)|(5,135,948)|
|**NET CURRENT LIABILITIES**||(662,155)|(1,423,056)||(1,606,526)|(2,682,233)|
|**TOTAL ASSETS LESS CURRENT**|||||||
|**LIABILITIES**||30,990,603|29,939,311||28,715,380|27,466,663|
|**CREDITORS:** Amounts falling due|||||||
|aftermore than one year|14|(5,018,442)|(4,622,097)||(5,018,442)|(4,622,097)|
|**NET ASSETS**||25,972,161|25,317,214||23,696,938|22,844,566|
|**FINANCED BY:**|||||||
|Endowment funds|18|73,995||60,916|64,032|53,901|
|Restricted funds|19|9,919,108||9,523,933|7,629,907|7,105,765|
|Unrestricted funds|20|15,355,070|15,108,378||15,379,011|15,060,912|
|Revaluation reserve|20|623,988||623,988|623,988|623,988|
|**Total funds**||25,972,161|25,317,214||23,696,938|22,844,566|





|||2021|2020|
|---|---|---|---|
||Notes|£|£|
|**Cash flow from operating activities:**|21|||
|Cash generated by operations||978,476|5,946,596|
|Interest paid||(58,212)|(74,146)|
|**Net cash from operating activities**||920,264|5,872,450|
|**Cash flows from investing activities:**||||
|Dividends, interest and rents from investments||20,385|29,854|
|Purchase oftangible assets||(1,184,669)|(4,913,002)|
|Purchase ofintangible fixed assets|||(10,758)|
|Proceeds from sale ofinvestment assets||2,083||
|Purchase ofinvestment assets||(14,090)|(250,000)|
|**Net cash used by investing activities**||(1,176,291)|(5,143,906)|
|**Cash flows from financing activities:**||||
|Repayments of loans||(848,662)|(1,415,365)|
|Cash inflows from loans||1,200,000||
|Repayment ofFinance Lease obligations||(5,459)|(5,459)|
|**Net cash from financing activities**||345,879|(1,420,824)|
|**Movement in cash**||89,852|(692,280)|
|**Cash and cash equivalents at the beginning of the reporting**||||
|**period**||2,856,229|3,548,509|
|**Cash and cash equivalents at the end of the reporting**||||
|**period**||2,946,081|2,856,229|
|**Analysis of cash and cash equivalents:**||||
|Cash at bank and in hand||2,946,081|2,856,229|





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|3(a)|SCHOOL FEES|||
|---|---|---|---|
||The Schools' fee income comprised:|||
|||2021|2020|
|||`£`|`£`|
||Gross fees|16,261,815|16,348,397|
||Less: Means tested bursaries and scholarships|(1,129,948)|(1,010,538)|
||OtherAllowances|(272,094)|(263,310)|
||CV19 fee reduction|(624,198)|(1,404,018)|
|||14,235,575|13,670,531|
|3(b)|OTHER INCOME|||
|||2021|2020|
|||£|£|
||**Income from charitable activities**|||
||**Other educational income**|||
||Entrance and registration fees|178,467|198,107|
||Courses and sub-lettings|76,007|100|
|||254,474|198,207|
||**Other ancillary trading income**|||
||Insurance commissions|37,605|39,377|
||Uniform shop|112,754|127,702|
||After School Club|26,620|22,206|
||School accommodation|3,340|1,500|
||Events|16,591|4,375|
|||196,910|195,160|



|**Investment Income and Gains**|||
|---|---|---|
|Fixed Asset Investment income|20,385|29,854|
|Fixed Asset Investment gains|161,229|50,251|
||181,614|80,105|



## 



## 

|nd 31 August 2020 are shown below.|||
|---|---|---|
||2021|2020|
||£|£|
|Turnover|574,030|706,991|
|Other operating income|85,278|114,240|
|Administrative expenses and interest payable|(727,762)|(790,956)|
|Net deficit forthe year|(68,454)|30,275|



## 



|||2021|2020|
|---|---|---|---|
|||`£`|`£`|
||INCOME FROM:|||
||Donations|504,711|4,410,389|
||Investment income|14,472|14,666|
||Total income|519,183|4,425,055|
||EXPENDITURE FROM:|||
||Charitable activities|(773,619)|(3,789,756)|
||Total expenditure|(773,619)|(3,789,756)|
||TOTAL|(254,436)|635,299|
||Gains on investments|125,491|43,328|
||NET (EXPENDITURE)/INCOME|(128,945)|678,627|
||NET MOVEMENT IN|||
||FUNDS FOR THE YEAR|(128,945)|678,627|
||Fund balances at start ofyear|2,448,615|1,769,988|
||Fund balances at end ofyear|2,319,670|2,448,615|
|4|EXPENDITURE|||
|||2021|2020|
|||£|£|
||**Charitable activities expenditure includes:**|||
||Operating lease charges - other|22,273|123,122|
||Cost ofstocks as an expense|240,843|215,676|
||Bad debt expense|2,963|7,222|
||Taxation Fees-RSMUK Tax and Accounting Limited|3,450|2,800|
||Auditor's remuneration:|||
||RSMUK Audit LLP-audit ofthe group and parent charity|17,450|14,200|
||RSMUK Audit LLP-audit ofthe subsidiary companies|5,500|5,000|
||RSMUK Audit LLP-other assurance|1,500||
||**Total Group and Charity staff costs comprised:**|||
||Wages and salaries|8,368,086|8,050,733|
||Social security costs|755,718|727,465|
||Pension contributions|1,364,445|1,374,032|
|||10,488,249|10,152,230|





## 

||Full Time|Equivalents|Headcount||
|---|---|---|---|---|
||2021|2020|2021|2020|
||No.|No.|No.|No.|
|Teachingandsupport|137|11|201|209|
|Domestic|74|79|1I3|124|
|Administration|37|24|47|31|
|Tradingsubsidiary|19|21|54|54|
||267|265|418|418|
|he numberofhigher paidemployees was:|||||
||||2021|2020|
||||No.|No.|
|Taxable emolumentsband:|||||
|£60,001 - £70,000|||2|3|
|£70,001 -£80,000|||1|2|
|£80,001 - £90,000|||2|1|
|£90,001 -£100,000||||1|
|£100,001 -£110,000|||||
|£]60,001-£170,000|||||
|£170,001 -£180,000|||||



## 

||||Depreciation|Total|Total|
|---|---|---|---|---|---|
||Staffcosts|Other costs & amortisation||2021|2020|
||£|£|£|£|£|
|**Raising funds:**||||||
|Tradingexpenditure|497,378|210,632|22,199|730,209|766,080|
|Interest||58,212||58,212|81,369|
|Total|497,378|268,844|22,199|788,421|847,449|
|**Charitable activities:**||||||
|Teaching|7,124,981|642,562|392,969|**8,160,512**|7,875,849|
|Welfare|1,512,997|811,968|**8,821**|2,333,786|2,294,504|
|Premises|438,719|1,595,602|628,800|2,663,121|2,432,261|
|Supportcostsofschool|914,175|591,879||1,506,054|1,395,207|
|Schooloperatingcost|9,990,872|3,642,011|1,030,590|14,663,473|13,997,821|
|Total|10,488,250|3,910,855|1,052,789|15,451,894|14,845,270|





## 

||Educational operations|Ancillary trading|Marketing|Widercommunity|Governance|Total|Total|
|---|---|---|---|---|---|---|---|
||2021|2021|2021|2021|2021|2021|2020|
||£|£|£|£|£|£|£|
|Staffcosts|672,271|108,683|133,221|||914,17S|847,772|
|Admin and office costs|2SS,489|47,08S|160,292|`so`||462,916|409,S40|
|Stock purchases||94,1S8||||94,1S8|96,060|
|Trustee expenses|||||4,944|4,944|5,516|
|Audit and accountancy|||||29,862|29,862|36,318|
||||||||--|
||927,760|249,926|293,Sl3|`so`|34,806|l,S06,0SS|l,39S,207|



## 



## 

||Computer|
|---|---|
||software|
||£|
|Cost||
|At 1 September 2020|65,198|
|At 31 August 2021|65,198|
|Amortisation||
|At 1 September 2020|55,099|
|Charge|3,586|
|At 31 August 2021|58,685|
|At 31 August 2021|6,513|
|At 31 August 2020|10,099|





## 

|||Assets in the|Furniture,|||
|---|---|---|---|---|---|
||Freehold land|course of|fittings and|||
||and buildings|construction|equipment|Minibuses|Total|
||£|£|£|£|£|
|Cost||||||
|At 1 September 2020|26,535,906|6,028,479|5,769,648|139,981|38,474,014|
|Additions|419,884|422,941|341,844||1,184,669|
|Transfer|5,522,756|(5,522,756)||||
|Disposals|||(14,723)||(14,723)|
|At 31 August 2021|32,478,546|928,664|6,096,769|139,981|39,643,960|
|Depreciation||||||
|At 1 September 2020|3,405,319||4,935,297|104,697|8,445,313|
|Charge|778,437||261,946|8,821|1,049,204|
|Disposals||||||
|At 31 August 2021|4,183,756||5,197,243|113,518|9,494,517|
|Net book value||||||
|At 31 August 2021|28,294,790|928,664|899,526|26,463|30,149,443|
|At 31 August 2020|23,130,587|6,028,479|834,351|35,284|30,028,701|



|||Assets in the|Furniture,|||
|---|---|---|---|---|---|
||Freehold land|course of|fittings and|||
||and buildings|construction|equipment|Minibuses|Total|
||£|£|£|£|£|
|Cost||||||
|At 1 September 2020|26,535,906|6,028,479|5,526,383|139,981|38,230,749|
|Additions|419,884|422,941|341,844||1,184,669|
|Transfer|5,522,756|(5,522,756)||||
|Disposals|||(14,723)||(14,723)|
|At 31 August 2021|32,478,546|928,664|5,853,504|139,981|39,400,695|
|Depreciation||||||
|At 1 September 2020|3,405,319||4,773,776|104,697|8,283,792|
|Charge|778,437||239,746|8,821|1,027,004|
|Disposals||||||
|At 31 August 2021|4,183,756||5,013,522|113,518|9,310,796|
|Net book value||||||
|At 31 August 2021|28,294,790|928,664|839,982|26,463|30,089,899|
|At 31 August 2020|23,130,587|6,028,479|752,607|35,284|29,946,957|





## 

|||Group||School|
|---|---|---|---|---|
||2021|2020|2021|2020|
||£|£|£|£|
|Fixed asset investments (note l0(a))|1,496,802|1,323,567|225,493|191,839|
|Investment in subsidiaries|||1|1|
||1,496,802|1,323,567|225,494|191,840|



||2021|2020|
|---|---|---|
||£|£|
|Tangible fixed assets|59,545|81,744|
|Current assets|44,375|29,817|
|Current assets (due from parent charity)||28,689|
||103,920|140,249|
|Creditors: amounts falling due within one year|(138,734)|(116,215)|
|Creditors: amounts falling due within one year (due to parent charity)|(9,631)||
|Net assets|(44,445)|24,034|
|Represented by:|||
|Share capital|l|l|
|Profit and loss account|(44,446)|24,033|
||(44,445)|24,034|





## 

||2021|2020|
|---|---|---|
||£|£|
|Fixed asset investments|1,271,309|1,131,728|
|Current assets|1,048,361|1,316,399|
|Net assets|2,319,670|2,448,615|
|Represented by:|||
|Endowment funds|9,964|7,015|
|Restricted funds|2,289,201|2,418,168|
|Unrestricted funds|20,505|23,432|
||2,319,670|2,448,615|



## 

||Unrestricted|Restricted|Endowment|Total|
|---|---|---|---|---|
||Funds|Funds|Funds|Funds|
||£|£|£|£|
|Valuation at l September 2020|134,093|1,135,961|53,513|1,323,567|
|Additions||14,090||14,090|
|Disposals||(2,083)||(2,083)|
|Gain on investments|25,607|122,542|13,079|161,228|
|Valuation at 31 August 2021|159,700|1,270,510|66,592|1,496,802|



## 

||Unrestricted|Restricted|Endowment|Total|
|---|---|---|---|---|
||Funds|Funds|Funds|Funds|
||£|£|£|£|
|Valuation at 1 September 2020|134,093||57,747|191,840|
|Gain on investments|23,524||10,130|33,654|
|Valuation at 31 August 2021|157,617||67,877|225,494|





## 

|11|STOCKS||||||
|---|---|---|---|---|---|---|
||||Group|||School|
|||2021||2020|2021|2020|
|||£||£|£|£|
||Goods forresale|100,658||115,158|99,224|112,813|
|12|DEBTORS||||||
||||Group|||School|
|||2021||2020|2021|2020|
|||£||£|£|£|
||School fees|189,351||16,352|189,351|16,352|
||Prepayments|500,380||571,481|154,008|165,431|
||Other debtors|71,122||240,712|78,728|158,477|
||Amounts owed from group undertakings||||9,631||
|||760,853||828,544|431,718|340,260|
|13|CREDITORS: AMOUNTS FALLING DUE IN ONE YEAR||||||



|||_f·_<br>ar+||Schoc!|
|---|---|---|---|---|
||2021|2020|2021|2020|
||£|£|£|£|
|Fees received in advance|1,101,533|986,463|1,101,533|986,463|
|VAT payable|8,355|6,642|6,792|4,782|
|Other tax and social security|194,470|169,269|187,803|162,023|
|Pension creditor|151,726|149,004|148,730|145,492|
|Othercreditors|792,851|1,126,260|705,264|1,032,211|
|Accruals and deferred income|1,275,176|1,977,388|1,265,785|1,967,840|
|Finance lease|5,330|5,459|5,330|5,459|
|Amounts owed to group undertakings|||691|29,176|
||3,529,441|4,420,485|3,421,928|4,333,446|
|Current portion ofbank loans (note 15)|940,306|802,502|940,306|802,502|
||4,469,747|5,222,988|4,362,234|5,135,948|



|analysed below.|||
|---|---|---|
||Fees in|Fees in|
||Advance|Advance|
||2021|2020|
||£|£|
|As at 1 September|986,463|841,766|
|Increase in the year|1,101,533|986,463|
|Released in the year|(986,463)|(841,766)|
|As at 31 August|1,101,533|986,463|





|||Group||School|
|---|---|---|---|---|
||2021|2020|2021|2020|
||£|£|£|£|
|Fees received in advance|1,213,870|1,211,166|1,213,870|1,211,166|
|Othercreditors|1,314,412|1,128,974|1,314,412|1,128,974|
|Bank loan|2,490,160|2,276,627|2,490,160|2,276.,627|
|Finance lease||5,330||5,330|
||5,018,442|4,622,097|5,018,442|4,622,097|



||Fees in|Fees in|
|---|---|---|
||Advance|Advance|
||2021|2020|
||£|£|
|As at I September|1,211,166|1,450,882|
|Increase in the year|955,400|786,418|
|Released in the year|(952,696)|(1,026,134)|
|As at 31 August|1,213,870|1,211,166|



|||Group||School|
|---|---|---|---|---|
||2021|2020|2021|2020|
||£|£|£|£|
|Bank loans|3,430,466|3,079,129|3,430,466|3,079,129|
||3,430,466|3,079,129|3,430,466|3,079,129|
|Payable in one year|940,306|802,502|940,306|802,502|
|Payable after one year|2,490,160|2,276,627|2,490,160|2,276,627|
||3,430,466|3,079,129|3,430,466|3,079,129|





|||Group||School|
|---|---|---|---|---|
||2021|2020|2021|2020|
||£|£|£|£|
|Carrying amount offinancial assets:|||||
|Equity instruments measured at fair value|1,496,802|1,323,567|225,493|191,839|



||Fixed assets|Current|||
|---|---|---|---|---|
||ao_a_»da od.||**r :-11:a:.-**|**r.I**|
||**atta tttottttto**|**a33L>**|**ta'It±to**|**tuta!**|
||£|£|£|£|
|Endowment Funds (note **18)**|64,031|||64,031|
|Restricted Funds (note 19)|7,585,590|44,317||7,629,907|
|Unrestricted Funds (note 20)|22,672,284|2,711,391|(9,380,676)|16,002,999|
|**School**|30,321,905|2,755,708|(9,380,676)|23,696,937|
|Subsidiaries' reserves (Restricted Funds)|1,261,820|1,027,381||2,289,201|
|Subsidiaries' reserves (Endowed Funds)|9,489|475||9,964|
|Subsidiaries' reserves (Unrestricted Funds)|59,544|24,028|(107,513)|(23,941)|
|**Group**|31,652,758|3,807,592|(9,488,189)|25,972,161|



||Fixed assets|Current|||
|---|---|---|---|---|
||and investments|assets|Liabilities|Total|
||£|£|£|£|
|Endowment Funds|53,901|||53,901|
|Restricted Funds|5,351,368|1,754,397||7,105,765|
|Unrestricted Funds|24,743,626|699,318|(9,758,044)|15,684,900|
|**School**|30,148,895|2,453,715|(9,758,044)|22,844,566|
|Subsidiaries' reserves (Restricted Funds)|1,125,188|488,285||1,613,473|
|Subsidiaries' reserves (Endowed Funds)|6,540|||6,540|
|Subsidiaries' reserves (Unrestricted Funds)|81,743|857,931|(87,039)|852,635|
|**Group**|31,362,366|3,799,931|(9,845,083)|25,317,214|





|**Group**|Balance at||Transfers and|Balance at|
|---|---|---|---|---|
||l Sept|Investment|outgoing|31 August|
||2020|gain|resources|2021|
||£|£|£|£|
|Scholarship Fund|46,971|13,079||60,050|
|PrizeFund|13,945|||13,945|
||60,916|13,079||73,995|
|**School**|Balance at||Transfers and|Balance at|
||l Sept|Investment|outgoing|31 August|
||2020|gain|resources|2021|
||£|£|£|£|
|Scholarship Fund|50,375|10,130||60,505|
|PrizeFund|3,526|||3,526|
||53,901|10,130||64,031|



|**Group**|Balance at||Transfers and|Balance at|
|---|---|---|---|---|
||1 Sept|Investment|outgoing|31 August|
||2019|gain|resources|2020|
||£|£|£|£|
|Scholarship Fund|46,917|54||46,971|
|PrizeFund|13,945|||13,945|
||60,862|54||60,916|
|**School**|Balance at||Transfers and|Balance at|
||l Sept|Investment|outgoing|31 August|
||2019|gain|resources|2020|
||£|£|£|£|
|Scholarship Fund|48,292|2,083||50,375|
|Prize Fund|3,526|||3,526|
||51,818|2,083||53,901|





||Balance at 1||||Balance at 31|
|---|---|---|---|---|---|
||September|||Transfers and|August|
||2020|Income|Expenditure|gains/(losses)|2021|
||£|£|£|£|£|
|Foundation Appeal|5,551||||5,551|
|Headmistresses Old Girls||||||
|Association|2,085||||2,085|
|MusicDepartment Donations|1,728||||1,728|
|St. Mary's Charity Fund|6,896|574|(574)||6,896|
|St Margaret's Charity Fund|1,290|1,285|(1,285)||1,290|
|Chapel Fund|4,758||||4,758|
|St Margaret's Eco Project|1,053||||1,053|
|Sports Fund|2,350,667||(43,094)||2,307,573|
|St. Mary's Library|4,804,393|219,232|(133,960)||4,889,665|
|New Bursary Fund|1,890,504|136,098|(22,633)|120,521|2,124,490|
|Armed Forces Fund|101|50|||151|
|Capital Projects Fund|190,710|156,597|(22,434)||324,873|
|Prizes|534|50|(200)||384|
|**PGSM**|**_4 (_**<br>_r,ut_||||**_n_**<br>_r,I_|
|STEM|172,625|1,050|||173,675|
|Other restricted funds|86,809|502|(18,625)|2,021|70,707|
|Total|9,523,933|515,438|(242,805)|122,542|9,919,108|



||Balance at 1||||Balance at 31|
|---|---|---|---|---|---|
||September|||Transfers and|August|
||2020|Income|Expenditure|gains/(losses)|2021|
||£|£|£|£|£|
|Foundation Appeal|5,551||||5,551|
|Headmistresses Old Girls||||||
|Association|2,085||||2,085|
|Music Department Donations|1,728||||1,728|
|St. Mary's Charity Fund|6,897|574|(574)||6,897|
|St Margaret's Charity Fund|1,290|1,285|(1,285)||1,290|
|Chapel Fund|4,758||||4,758|
|St Margaret's Eco Project|1,053||||1,053|
|Prizes|534|200|(200)||534|
|Sports Fund|2,379,884|36,871|(43,094)||2,373,661|
|St. Mary's Library|4,414,717|626,908|(133,960)||4,907,665|
|STEM|132,605||||132,605|
|PGSM|4,229||||4,229|
|Capital Projects Fund|20,000|34,851|(22,434)||32,417|
|New Bursary Fund|12,764|8,760|(8,760)||12,764|
|Equipment Fund|420||||420|
|Otherrestricted funds|117,250|57,498|(32,498)||142,250|
|Total|7,105,765|766,947|(242,805)||7,629,907|





## 

## 

## 

## 

## 

## 

## 

## 

## 



|||Balance at 1||||Balance at 3 1|
|---|---|---|---|---|---|---|
|||September|||Transfers and|August|
|||2019|Income|Expenditure|gains/(losses)|2020|
|||£|£|£|£|£|
|Foundation Appeal||5,551||||5,551|
|Headmistresses Old Girls|||||||
|Association||2,085||||2,085|
|Music Department Donations||1,728||||1,728|
|St. Mary's Charity Fund||6,686|210|||6,896|
|St Margaret's Charity|Fund|1,082|208|||1,290|
|Chapel Fund||4,758||||4,758|
|St Margaret's Eco Project||1,053||||1,053|
|Sports Fund||2,349,917|4,735|(3,985)||2,350,667|
|St. Mary's Library||1,350,344|3,519,407|(65,358)||4,804,393|
|New Bursary Fund||1,148,430|724,032|(28,706)|46,748|1,890,504|
|Armed Forces Fund<br>'« **Af ro»+? I {lo, **<br>**1Mt**<br>**0 tnttt« tg**|**Ll**<br>**t ttttt**|l|100|||101|
|Capital Projects Fund||120,142|74,443|(3,875)||190,710|
|Prizes||534||||534|
|PGSM||3,729|500|||4,229|
|STEM||171,500|1,125|||172,625|
|Other restricted funds||13,521|77,582|(2,903)|(1,391)|86,809|
|Total||5,181,061|4,402,342|(104,827)|45,357|9,523,933|



||Balance at 1||||Balance at 31|
|---|---|---|---|---|---|
||September|||Transfers and|August|
||2020|Income|Expenditure|gains/(losses)|2021|
||£|£|£|£|£|
|Foundation Appeal|5,551||||5,551|
|Headmistresses Old Girls||||||
|Association|2,085||||2,085|
|Music Department Donations|1,728||||1,728|
|St. Mary's Charity Fund|6,686|210|||6,897|
|St Margaret's Charity Fund|1,082|208|||1,290|
|Chapel Fund|4,758||||4,758|
|St Margaret's Eco Project|1,053||||1,053|
|Prizes|534||||534|
|Sports Fund|2,341,311|42,558|(3,985)||2,379,884|
|St. Mary's Library|889,048|3,558,348|(32,679)||4,414,717|
|STEM|132,605||||132,605|
|PGSM|3,729|500|||4,229|
|Capital Projects Fund|20,000||||20,000|
|New Bursary Fund|11,392|1,372|||12,764|
|Equipment Fund|620||(200)||420|
|Otherrestricted funds|8,981|110,060|(1,790)||117,250|
|Total|3,431,163|3,713,256|(38,654)||7,105,765|





||Unrestricted|Revaluation|Total|Total|
|---|---|---|---|---|
||funds|reserve|2021|2020|
|**Group**|£|£|£|£|
|Balance at start ofyear|15,108,377|623,988|15,732,365|15,317,895|
|Retained surplus forthe year|221,086||221,086|409,630|
|Transfers and gains|25,607||25,607|4,840|
||15,355,070|623,988|15,979,058|15,732,365|
||Unrestricted|Revaluation|Total|Total|
||funds|reserve|2021|2020|
|**School**|£|£|£|£|
|Balance at start ofyear|15,060,911|623,988|15,684,899|15,282,816|
|Retained surplus forthe year|292,493||292,493|397,244|
|Transfers and gains|25,607||25,607|4,840|
||15,379,011|623,988|16,002,999|15,684,899|



||Unrestricted|Revaluation|Total|Total|
|---|---|---|---|---|
||funds|reserve|2020|2019|
|**Group**|£|£|£|£|
|Balance at start ofyear|14,693,907|623,988|15,317,895|13,745,502|
|Retained surplus for the year|409,630||409,630|1,556,734|
|Transfers and gains|4,840||4,840|15,659|
||15,108,377|623,988|15,732,365|15,317,895|
||Unrestricted|Revaluation|Total|Total|
||funds|reserve|2021|2020|
|**School**|£|£|£|£|
|Balance at start ofyear|14,658,828|623,988|15,282,816|13,617,474|
|Retained surplus forthe year|397,244||397,244|1,653,092|
|Transfers and gains|4,840||4,840|12,250|
||15,060,911|623,988|15,684,899|15,282,816|





||2021|2020|
|---|---|---|
||£|£|
|Net income|654,947|4,757,396|
|**Non-operating cashflows eliminated:**|||
|Investment income|(20,385)|(24,400)|
|Financing costs|58,212|74,146|
|Depreciation|1,049,203|943,558|
|Amortisation|3,586|659|
|Loss on disposal offixed assets|14,723||
|Gains on investments|(161,229)|(50,251)|
|Donations not yet received (pledges)||(328,650)|
|Decrease in stock|14,500|2,748|
|Decrease in debtors|67,691|338,555|
|(Decrease)/increase in creditors|(702,773)|232,835|
|**Net cash inflow from group operations**|978,475|5,946,596|



||At start||Other non-|At end|
|---|---|---|---|---|
||ofthe year|Cash-flows|cash changes|ofthe year|
||£|£|£|£|
|Cash|2,856,229|89,852||2,946,081|
||2,856,229|89,852||2,946,081|
|Loans falling due within one year|(802,502)|(137,804)||(940,306)|
|Loans falling due aftermore than one year|(2,276,627)|(213,534)||(2,490,161)|
|Finance lease obligations|(5,459)|129||(5,330)|
||(228,359)|(261,357)||(489,716)|





## 

## 

|leases was:|||
|---|---|---|
||2021|2020|
||`£`|`£`|
|Within one year|1,533|22,273|
|In more than one year, but not more than five years||1,533|
|Over five years|||
||1,533|23,807|



## 

##