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|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|
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|---|---|---|
|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||
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||||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|
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|||||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)|
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|||||||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)|
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|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|
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|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|
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|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|
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|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|
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||||||||||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|
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|An analysis ofthe maturity|An analysis ofthe maturity|of|loans and overdrafts|is given below:|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|
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|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||
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