2021-08-31-accounts

GeneralInformation
ReportoftheTrustee
ReportoftheIndependentAuditors	11
StatementofFinancialActivities	14
BalanceSheet	15
CashFlowStatement	16
NotestotheFinancialStatements	17

		Unrestricted	Restricted	Total	Total
		funds	funds	2021	2020
	Notes	£	£	£	£
INCOMEANDENDOWMENTSFROM:
Charitableactivities Feesreceivable Sundryandotherincome	2 3	8,629,498 626,089	- -	8,629,498 626,089	8,877,884 668,432
Donationsandlegacies		-	17,553	17,553	8,953
Investments Investmentincome Bankandotherinterest		8,022 -	101 -	8,123 -	8,457 -
TotalIncome		9,263,609	17,654	9,281,263	9,563,726
EXPENDITUREON:
Charitableactivities Schooloperatingcosts	6	9,794,029	8,864	9,802,893	9,449,430
Other Financeandothercosts	6	44,107	-	44,107	182,060
Totalexpenditure	6	9,838,136	8,864	9,847,000	9,631,490
NETINCOME/(EXPENDITURE)
BEFOREGAINSANDLOSSESON
INVESTMENTSANDTRANSFERS		(574,527)	8,790	(565,737)	(67,764)
Gainsoninvestments	8	112,698	68,789	181,487	13,528
Transfersbetweenfunds	13	5,973	(5,973)	-	-
NETMOVEMENTSINFUNDS		(455,856)	71,606	(384,250)	(54,236)
Fundbalancesbroughtforward at1 September2020		4,874,776	382,561	8,257,337	§,311,573
FUNDBALANCESCARRIED FORWARDAT31AUGUST2021		4,418,920	454,167	4,873,087	5,257,337

				2021	2020
		Notes		£
FIXEDASSETS:
Tangibleassets		7	:	7,639,535	7,784,726
Investments		8		891,126	701,711
				8,530,661	8,486,437
CURRENTASSETS:
Debtors		9		314,938	276,441
Cashatbankandinhand				309,348	22,237
				624,286	298,678
CREDITORS:	Amountsfalling
duewithinone	year	10		(2,977,322)	(2,658,510)
NETCURRENT	LIABILITIES:			(2,353,036)	(2,359,832)
TOTALASSETS	LESSCURRENT
LIABILITIES:				6,177,625	6,126,605
CREDITORS:	Amountsfallingdue
aftermorethan	oneyear	10		(1,304,538)	(869,268)
				4,873,087	9,257,337
FUNDS:
Restrictedfunds		13		454,167	382,561
Unrestrictedfunds				4,418,920	4,874,776
				4,873,087	5,257,337

		2021	2020
	Notes
CASHFLOWSFROMOPERATINGACTIVITIES:
Netcashprovidedbyoperatingactivities	15	92,925	(239,423)
Cashflowsfrominvestingactivities:
Dividends,interestandrentsfrominvestments		8,123	8,457
Purchaseoftangiblefixedassets		(264,836)	(140,442)
Saleoftangiblefixedassets
Proceedsfromsaleofinvestments Purchaseofinvestments		113,926 (121,857)	69,479 _(63,431)
Netcashusedininvestingactivities		(264,644)	(125,937)
Cashflowsfromfinancingactivities: Repaymentsofborrowings Cashinflowsfromnewborrowings		(194,490) 700,000	(186,246)
Netcashprovidedby/(usedin)financingactivities		505,510	(186,246)
Changeincashandcashequivalentsinthereportingperiod		333,791	(551,606)
Cashandcashequivalentsat1 September2020		(24,443)	527,163
Cashandcashequivalentsat31August2021	16	309,348	(24,443)

	2	FEESRECEIVABLE
			2021	2020
		Feesreceivableconsistof:	£	£
		Grossfees	10,723,010	10,440,678
		Less:Bursaries,grantsandallowances	(2,072,158)	(1,506,649)
			8,650,852	8,934,029
		Less:Introductorycommissions	(21,354)	(56,145)
			8,629,498	8,877,884
	3.	SUNDRYANDOTHERINCOME
			2021	2020
			£	£
		Insurancecommissions	(2,148)	-
		Useoffacilities	71,709	99,185
		Sundryincome	474,716	335,642
		Coronavirusjobretentionschemeincome	81,812	233,605
			626,089	668,432
4.		STAFFCOSTS
			2021	2020
			£	£
		Wagesandsalaries	5,101,065	5,152,416
		Socialsecuritycosts	792,200	427,948
		Otherpensioncosts	951,269	944,514
			6,844,534	6,524,878
		Theaveragenumberofemployees,bothfullandpart-time,ontheSchoolpayrollduringtheyearwasasfollows:
			2021	2020
		Teachers	102	109
		Others	_/>	_81
			177	190
		Thenumberofemployeeswhoseemolumentsexceeded£60,000were:
		£60,001- £70,000	3	3
		£70,001- £80,000	1	1
		£80,001- £90,000	1	1
		£140,001- £150,000		1
		£150,001- £160,000		=
		Thenumberwithretirementbenefitsaccruingin:
		-Definedbenefitschemeswas	5.	a

Expenditureincludes:
	2021	2020
	£	£
Depreciationofownedassets	410,031	461,266
Auditors’remuneration-audit	19,800	15,000
Operatingleaserentals-equipment	173,497	140,050

	Staffsalaries	Support		2021
	andcosts	costs	Depreciation	Total
	£	£	£	£
Charitableactivities:
Schooloperatingcosts:
Teachingcosts	5,362,060	607,626	-	5,969,686
Welfare	321,261	773,677	-	1,094,938
Premises	372,098	638,610	410,031	1,420,739
Managementandadministration	789,115	499,031	-	1,288,146
Grants,awardsandprizes	-	8,864	-	8,864
Governancecosts	-	20,520	-	20,520
	6,844,534	2,548,328	410,031	9,802,893
Other:
Financeandothercosts	-	44,107	-	44,107
Totalresourcesexpended	6,844,534	2,592,435	410,031	9,847,000

	Staffsalaries	Support			2020
	andcosts	costs	Depreciation		Total
	£	£	£		£
Charitableactivities:
Schooloperatingcosts:
Teachingcosts	4,857,546	220,664	-		5,078,210
Welfare	307,903	776,083	-		1,083,986
Premises	458,552	588,383	461,266		1,508,201
Managementandadministration	900,877	839,985	-		1,740,862
Grants,awardsandprizes	-	24,311	-		24,311
Governancecosts	-	13,860	-		13,860
	6,524,878	2,463,286	461,266	~	9,449,430
Other:
Financeandothercosts	-	182,060	-		182,060
Totalresourcesexpended	6,524,878	2,645,346	461,266		9,631,490

TANGIBLEFIXEDASSETS
	Freehold		Motorvehicles
	landand		and
	buildings		equipment	Totals
	£		£	£
COSTORVALUATION:
At1 September2020	11,676,748		1,936,611	13,613,359
Additions		-	264,835	264,835
Disposals		-	-
At31August2021	11,676,748		2,201,446	13,878,194
DEPRECIATION:
At1 September2020	4,684,815		1,143,818	5,828,633
Chargeforyear	272,927		137,099	410,026
Eliminatedondisposals	-		-	-
At31August2021	4,957,742		1,280,917	6,238,659
NETBOOKVALUE:
At31August2021	6,719,006		920,529	7,639,535
At31August2020	6,991,933		792,793	7,784,726

	FIXEDASSETINVESTMENTS
	UKquotedinvestments Marketvalueat1 September2020 Additions Disposalsatopeningmarketvalue Investmentgains	2021 £ 699,754 121,854 (113,926) 181,487	2020 £ 692,273 63,431 (69,478) 13,528
	Marketvalueat31August2021
	Unlistedinvestments
	Historicalcostasat31August2021
	DEBTORS
	Amountsfallingduewithinoneyear:
		2021	2020
		£	£
	Tradedebtors	137,377	103,994
	Otherdebtors	46,269	36,381
	Prepaymentsandaccruedincome	131,292	136,066
		314,938	276,441
10.	CREDITORS
	Amountsfallingduewithinoneyear:
		2021	2020
		£	£
	Bankloansandoverdrafts	264,730	241,169
	Tradecreditors	337,886	83,345
	Othercreditors	189,362	241,942
	Taxationandsocialsecurity	120,350	118,912
	Accruals	415,863	159,519
	Feesreceivedinadvance	1,426,100	1,532,855
	Entrydepositsrepayable	223,031	280,768
		2,977,322	2,658,510
	Amountsfallingdueaftermorethanoneyear:
	Bankloan	1,304,538	869,268

				Operating	leases
				2021	2020
				£	£
	Withinoneyear— Equipment			41,916	16,119
	Betweenoneandfiveyears— Equipment			431,717	293,405
12.	ALLOCATIONOFTHECHARITYNETASSETS
		Fixed	Net
		assetsand	currentassets/	Longterm
		investments	liabilities	liabilities	Total
		£	£	£	£
	Restrictedfunds	415,050	39,117	-	454,167
	Unrestrictedfunds	8,115,611	(2,392,153)	(1,304,538)	4,418,920
		8,530,661	(2,353,036)	(1,304,538)	4,873,087
	Analysisforcomparativeperiod:
		Fixed	Net
		assetsand	currentassets/	Longterm
		investments	liabilities	liabilities	Total
		£	£	£	£
	Restrictedfunds	348,517	34,044	-	382,561
	Unrestrictedfunds	8,137,920	(2,359,832)	(869,268)	4,874,776
		8,486,437	(2,359,832)	(869,268)	5,257,337

RESTRICTEDFUNDS
				Transfers		Realised/
	At			Between		unrealised	At
	1.9.20		Income	Funds	Expenditure	Gains/(Losses)	31.8.21
	£		£	£	£	£	£
RecoupmentFund	287,334		-	-	-	60,809	348,143
PrizeFund	56,924		101	-	(3,559)	7,980	61,446
FitnessCentreFund	6,868		-	(227)	-	-	6,641
DevelopmentFund	649		710	-	(178)	-	1,181
ModernLanguagesFund	4,803		-	-	-	-	4,803
ThriftShop	7,747		-	(1,515)	-	-	6,232
BigLotteryFund	4,606		-	(995)	-	-	3,611
PrepChaplaincyFund	1,500		-	-	-	-	1,500
FitnessCentreEquipment	3,580		-	(1,789)	-	-	1,791
PrepPlayground	8,100		-	(900)	(77)	-	7,123
DramaFund	300		556	-	-	-	856
HardshipFund	150		2,400	-	(2,550)	-	-
SeniorSchoolFund		-	13,887	(547)	(2,500)	-	10,840
	382,561		17,654	(5,973)	(8,864)	68,789	454,167
Analysisforcomparative	period:			Transfers		Realised/
	At			Between		unrealised	At
	1.9.19		Income	Funds	Expenditure	Gains/(Losses}	31.8.20
	£		£	£	£	£	£
RecoupmentFund	272,160		-	482	-	14,692	287,334
PrizeFund	78,530		157	-	(23,484}	1,721	56,924
FitnessCentreFund	7,095		-	(227)	-	-	6,868
DevelopmentFund	556		920	-	(827)	-	649
ModernLanguagesFund	4,803		-	-	-	-	4,803
ThriftShop	9,262		-	(1,515)	~	~	7,747
BigLotteryFund	5,601		-	(995)	-	-	4,606
PrepChaplaincyFund	1,500		-	-	-	-	1,500
FitnessCentreEquipment	5,369		-	(1,789)	-	-	3,580
PrepPlayground	9,000		-	(900)	-	-	8,100
DramaFund		-	300	-	-	-	300
HardshipFund		-	6,425	(6,275)	-	-	150
	393,876		7,802	(11,219)	(24,311)	16,413	382,561

15.	RECONCILIATIONOFNETINCOME/(EXPENDITURE)TO NETCASHINFLOWFROMOPERATINGACTIVITIES
			2021	2020
			£	£
	Net(expenditure}/incomefortheyearaspertheStatement
	ofFinancialActivities		(384,250)	(54,236)
	Adjustedfor:
	Depreciation		410,031	461,266
	Gainsoninvestments		(181,487)	(13,528)
	Incomefrominvestments		(8,123)	(8,457)
	(Increase)/decreaseindebtors		(38,497)	185,203
	(Decrease)/increaseincreditors		295,251	(809,671)
	Netcashprovidedbyoperatingactivities		92,925	(239,423)
16.	ANALYSISOFCASHANDCASHEQUIVALENTS
			2021	2020
			£	£
	Cashatbankandinhand		309,348	22,237
	Overdraftfacilityrepayableondemand		-	(46,680)
			309,348	(24,443)
17.	ANALYSISOFCHANGESINNETDEBT
		At1.9.20	Cashflow	At31.8.21
		£	£	£
	Netcashandcashequivalents
	Cashatbankandinhand	22,237	287,111	309,348
	Overdraftfacilityrepayableondemand	(46,680)	46,680	-
		(24,443)	333,791	309,348
	Debt
	Loansfallingduewithin1 year	(194,489)	(70,241)	(264,730)
	Loansfallingdueafter1 year	(869,268)	(435,270)	(1,304,538)
		(1,063,757}	(505,511)	(1,569,268)
	Total	(1,088,200)	(171,720)	(1,259,920)

	Unrestricted	Restricted	Total	Total
	funds	funds	2020	2019
	£	£	£	£
INCOMEANDENDOWMENTSFROM:
Charitableactivities
Feesreceivable	8,877,884	-	8,877,884	9,232,753
Sundryandotherincome	668,432	-	668,432	717,512
Donationsandlegacies	1,308	7,645	8,953	14,959
Investments
Investmentincome	8,300	157	8,457	13,103
Bankandotherinterest	-	-	-	-
Totalincome	9,555,924	7,802	9,563,726	9,978,327
EXPENDITUREON:
Charitableactivities
Schooloperatingcosts	9,425,119	24,311	9,449,430	9,672,274
Other
Financeandothercosts	182,060	-	182,060	106,569
Totalexpenditure	9,607,179	24,311	9,631,490	9,778,843
NETINCOME/(EXPENDITURE)
BEFOREGAINSANDLOSSESON
INVESTMENTSANDTRANSFERS	(51,255)	(16,509)	(67,764)	199,484
Gainsoninvestments
Realisedondisposal	(11,425)	-	(11,425)	(257)
Unrealisedonrevaluation	8,540	16,413	24,953	20,007
Transfersbetweenfunds	11,219	(11,219)	-	-
NETMOVEMENTSINFUNDS	(42,921)	(11,315)	(54,236)	219,234
Fundbalancesbroughtforward
at1 September2019	4,917,697	393,876	5,311,573	5,092,339
FUNDBALANCESCARRIED
FORWARDAT31AUGUST2020	4,874,776	382,561	5,257,337	5,311,573