2021-08-31-accounts - Sandroyd School Trust Limited

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			Page
Company Information
Report ofthe Governors	(including	Strategic Report)
Report ofthe Auditors
Statement of Financial Activities
Balance Sheet			12
Cash Flow Statement			13
Notes to the Cash Flow	Statement		14
Notes to the Financial Statements			15


GOVERNORS:	Rhodri Thomas	(Chairman)
	Simon Barber
	Jaideep Barot
	Hannah Bell
	Paul Bird
	Peter Bourke
	Elizabeth Brierley
	Emma McKendrick
	Charles McVeigh
	Laura Miles
	Oliver Stanley
	George Whitefield
	Felicity Wilson
	Philippa Zingg
HEADMASTER:	Alastair Speers
SECRETARY:	Christopher Stewart
PRINCIPAL ADDRESS:	Rushmore
	Tollard Royal
	Salisbury
	SPSSOD
REGISTERED OFFICE:	Windover House
	StAnn Street
	Salisbury
	SP12DR
REGISTERED NUMBER:	552767 (England	and Wales)
CHARITY REGISTRATION
NUMBER:	309490
AUDITORS:	Fawcetts LLP
	Chartered Accountants
	and Statutory	Auditors
	Windover House
	StAnn Street
	Salisbury
	SP12DR
BANKERS:	Lloyds Bank pic
	38 Blue Boar Row
	Salisbury
	SP11DA

			Unrestricted	Restricted	Total	Total
			funds	funds	2021	2020
		Notes	E	E	E	E
INCOIVIE AND ENDOWMENTS	FROM:
Income from:
Charitable activities
Fees receivable		2	4,378,896		4,378,896	3,948,540
Other income		3	292,960		292,960	344,277
Donations and legacies			4,517	34,748	39,265	66,803
Total income and endowments			4,676,373	34,748	4,711,121	4,359,620
EXPENDITURE
Expenditure on:
Charitable activities;
School operating costs			4,586,447	39,031	4,625,478	4,389,156
Total expenditure		6	4,586,447	39,031	4,625,478	4,389,156
NET INCOME/(EXPENDITURE)			89,926	(4,283)	85,643	(29,536)
Fund balances at 1September	2020		3,513,724	518,329	4,032,053	4,061,589
TOTAL FUNDS CARRIED FORWARD
AT31AUGUST 2021			3,603,650	514,046	4,117,696	4,032,053

				2021		2020
			Notes
FIXEDASSETS:
Tangible assets					6,548,190		6,644,176
CURRENT ASSETS:
Stocks			9	67,931		76,536
Debtors			10	1,312,724		1,285,760
Cash at bank and in hand				3,193		3,565
				1,383,848		1,365,861
CREDITORS:	Amounts	falling
due within one	year		11	2,395,328		2,332,497
NET CURRENT LIABILITIES					(1,011,480)		(966,636)
TOTAL ASSETS LESSCURRENT
LIABILITIES:					5,536,710		5,677,540
CREDITORS:
Due after more	than one year		12		(1,419,014)		(1,645,487)
					E4,117,696		E4,032,053
RESERVES:
Restricted funds			20		514,046		518,329
Unrestricted funds					3,603,650		3,513,724
					E4,117,696		64,032,053

					CASH FLOW STATEMENT
				for the Year Ended 31August		2021
						2021	2020
					Notes	E	f
Net cash provided by
operating activities						581,002	19,398
Cash flows from investing		activities:
Purchase oftangible	assets					(133,565)	(66,934)
Net cash used in investing		activities				(133,565)	(66,934)
Cash flows from financing		activities:
Loan repayments						(142,658)	(132,255)
Loan received in the	year					50,000
Capital repayments	in the year					(5,590)	(9,320)
Net cash used in by	financing		activities			(98,248)	(141,575)
Change in cash and	cash equivalents			in the year		349,189	(189,111)
Cash and cash equivalents		at	1September 2020			(395,890)	(206,779)
Cash and cash equivalents		at	31August 2021		2	(46,701)	(395,890)

						2021	2020
						F.	E
	Net (outgoing)/ incoming			resources		85,643	(29,536)
	Depreciation charges					228,864	235,484
	Loss on disposal					687
	Decrease/(Increase)		in stocks			8,605	334
	(Increase)/ Decrease		in debtors			(26,964)	(84,970)
	(Decrease)/Increase		in creditors			284,167	(101,914)
	Net cash provided	by operating			activities	581,002	19,398
2.	ANALYSIS OF CASH	AND		CASH	EQUIVALENTS
						2021	2020
						E	E
	Cash at bank and in	hand				3,193	3,565
	Overdraft facility repayable on				demand	(49,894)	(399,455)
						(46,701)	(395,890)

statements INCOME	in the peri	od in	w	hich they beco	me receivable.
						2021	2020
						f	f
Fees receivable consist of:
Gross fees						4,944,117	4,471,985
Less; Total	bursaries,	grants		and allowances		(343,872)	(371,528)
Staff	discounts					(221,349)	(151,917)
						4,378,896	3,948,540
SUNDRY AND OTHER		INCOME
						2021	2020
						f	f
Use of facilities						29,688	15,285
Sundry income						153,394	41,508
Coronavirus	Job Retention		Scheme			109,878	290,454
						292,960	347,247
STAFF COSTS
						2021	2020
						f	f
Wages and	salaries					2,533,292	2,559,953
Social security costs						206,851	206,792
Other pension costs						444,630	425,377
						3,184,773	3,192,122
The average	monthly	number		ofemployees	(full time equivalent)	during the year was as follows:
						2021	2020
Teachers						53	50
Others						37	35
						90	85

EXPENDITURE Expenditure includes;
							2021	2020
							E	E
Depreciation -owned	assets						223,920	230,746
Depreciation -assets	on	hire purchase		contracts			4,944	4,738
Operating lease rentals							18,806	24,752
Auditors' remuneration		-audit					9,200	9,000
		- accountancy					2,800	2,760
ANALYSIS OF TOTAL	RESOURCES		EXPENDED
							2021	2020
			Staff costs		Other	Depreciation	Tata I	Tota I
				E	E	E	E	E
Charitable activities:
School operating costs:
Teaching costs			2,226,809		126,355	9,117	2,362,281	2,301,690
Welfare				478,513	232,695	30,831	742,039	774,999
Premises				178,778	520,810	176,909	876,497	671,616
Management and administration				300,673	254,788	12,007	567,468	556,998
			3,184,773		1,134,648	228,864	4,548,285	4,305,303
Governance costs					12,788		12,788	11,898
Costs ofgenerating	funds:
Finance and other costs					64,405		64,405	71,955
Total resources expended			3,184,773		1,211,841	228,864	4,625,478	4,389,156

STATEMENT OF FINANCIAL	ACTIVITIES	—comparative	balances
				Unrestricted	Restricted	Total
				funds	funds	2020
				f	f	f
INCOME AND ENDOWMENTS	FROM:
Income from:
Charitable activities
Fees receivable				3,948,540		3,948,540
Otherincome				344,277		344,277
Donations and legacies				24,080	42,723	66,803
Total income and endowments				4,316,897	42,723	4,359,620
EXPENDITURE
Expenditure on:
Charitable actiwties:
School operating costs				4,353,960	35,196	4,389,156
Tote I expenditure				4,353,960	35,196	4,389,156
NET INCOME				(37,063)	7,527	(29,536)
Fund balances at 1September	2019			3,550,787	510,802	4,061,589
TOTAL FUNDS CARRIED FORWARD
AT 31AUGUST 2020				3,513,724	518,329	4,032,053
TANGIBLE FIXEDASSETS
		Freehold		Furniture
		land	and	and	Motor
		buildings		equipment	vehicles	Totals
COST:
At 1September 2020		8,516,477		1,047,339	57,702	9,621,518
Additions			59,769	49,802	23,994	133,565
Disposals				(246,130)		(246,130)
At 31August 2021		8,576,246		851,011	81,696	9,508,953
DEPRECIATION:
At 1September 2020		2,082,773		848,383	46,186	2,977,342
Charge for year		176,909		47,575	4,380	228,864
Eliminated on disposal				(245,443)		(245,443)
At 31August 2021		2,259,682		650,515	50,566	2,960,763
NET BOOK VALUE;
At 31August 2020		6,433,704		198,956	11,516	6,644,176
At 31August 2021		6,316,564		200,496	31,130	6,548,190

9,	STOCKS
						2021	2020
						E	E
	Raw materials		and consumables			41,143	45,345
	Goods for resale					26,788	31,191
						67,931	76,536
10.	DEBTORS:AMOUNTS FALLING
	DUE WITHIN ONE YEAR
						2021	2020
						E	E
	Trade debtors					1,192,507	1,147,409
	Other debtors					30,488	55,825
	Prepayments					89,729	82,526
						1,312,724	1,285,760
11.	CREDITORS: AMOUNTS			FALLING
	DUE WITHIN ONE YEAR					2021	2020
						E	E
	Bank loans and		overdraft	(note 16)		246,205	541,356
	Hire purchase		agreements		(note 13)	5,589	5,878
	Trade creditors					187,124	67,007
	Other creditors					18,908	56,810
	Taxation and social security					51,120	56,711
	Accruals					74,296	32,030
	Entry deposits		repayable			124,733	48,029
	Deferred income (fees paid				in advance)
	Autumn	2021fees				1,536,461	1,333,174
	Advance		fees scheme		(note 15)	150,892	165,192
	Other						26,310
						2,395,328	2,332,497
12.	CREDITORS: AMOUNTS			FALLING DUE AFTER MORE THAN ONE YEAR
						2021	2020
						E	F
	Bank loans (note 16)					1,051,304	1,198,373
	Hire purchase		agreements		(note 13)	21,204	26,505
	Deferred income (note 15)					182,306	206,475
	Entry deposits		repayable			164,200	214,134
						1,419,014	1,645,487

									2021	2020
									E	E
Net obligations		repayable:
Within one year									5,589	5,589
Between	one and five years								21,204	26,794
									26,793	32,383
SECURED DEBTS
The following secured debts				are included		within	creditors:		2021	2020
									f	E
Bank overdraft									49,894	399,455
Bankloan									1,247,615	1,340,274
									1,297,509	1,739,729
The bank	loan is	secured	by	a first	charge	over the freehold		property ofthe School.
DVANCE	FEE PAYMENTS
Assuming	pupils	will remain		in the	school,	advance fees will		be applied	as follows:
									2021	2020
									f	E
Within 2	to 5years								182,306	206,475
Over 5years
									182,306	206,475
Within 1year (included			in deferred		income)				150,892	165,192
									333,198	371,667
									E	E
Balance at 1September			2020						371,667	494,943
Advances	in the	year							150,401	99,937
Amounts	utilised	in payment		offees					(188,870)	(223,213)
Balance at 31August 2021									333,198	371,667

An analysis ofthe maturity	An analysis ofthe maturity	of	loans and overdrafts	2021	2020
				f	E
Amounts	falling due within	one year or on demand
Bank overdraft				49,894	399,455
Bankloan				196,311	141,901
				246,205	541,356
Amounts	falling due between		one and two years;
Bank loan	—1-2years			153,930	147,069
Amounts	falling due between		two and five years;
Bank loan	—2-5years			502,114	484,075
Amounts	falling due over five		years:
Bank loan	—over 5years			395,260	567,229

The total future minimum payments due on leases expiring;
	2021	2020
Equipment	E	E
Expiring:
Within one year	15,651	20,243
Between one and five years	45,797	14,217
In more than five years	7,872