##
##
|Governors|||||R FJonckheer (Retired
J P Bennett (Chairman,
A J Bark|R FJonckheer (Retired
J P Bennett (Chairman,
A J Bark|R FJonckheer (Retired
J P Bennett (Chairman,
A J Bark|R FJonckheer (Retired
J P Bennett (Chairman,
A J Bark|March 2021)
Appointed
March 2021)|March 2021)
Appointed
March 2021)|March 2021)
Appointed
March 2021)|March 2021)
Appointed
March 2021)|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||M R Booty||||||||
||||||The Rt Rev|C Fletcher|||||||
||||||CJ Easmon|(Appointed||||24 November||2020)|
||||||R Gunn||||||||
||||||WE Hart||||||||
||||||WWLau||||||||
||||||R A Palmer|(Appointed|||24November|||2020)|
||||||P A Tolley||||||||
|Secretary|||||H J Stapleton||||||||
|Officers (Key management||||personnel)|DJ Ettinger|||Headmaster|||||
||||||J C Stevens||Deputy Headmaster||||||
||||||A E Uglow||Director ofStudies||||||
||||||H J Stapleton||Bursar||||||
||||||N A Black||Head|||of Prep|School||
||||||G JSheer||Director of Co-Curricular||||||
||||||EJ Tolputt||Head|||of Sixth|Form||
|Registered|Office||||Cokethorpe|School|||||||
||||||Witney||||||||
||||||Oxon
OX29 7PU||||||||
|Company|Registration||Number||00767293||||||||
|Charity Registration||Number|||309650||||||||
|Auditor|||||Wenn Townsend||||||||
||||||30StGiles||||||||
||||||Oxford
OX1|3LE|||||||
|Bankers|||||National
Westminster|||Bank pic|||||
||||||21-23 High Street||||||||
||||||Witney||||||||
||||||Oxon
OX28 6HW||||||||
|Solicitors|||||Veale Wasbrough||Vizards||||||
||||||Orchard
Court||||||||
||||||Orchard
Lane||||||||
||||||Bristol||||||||
||||||BS15WS||||||||
##
##
|||Pages|
|---|---|---|
|Governors'
annual
report||1 -12|
|Independent
auditor's|report|13-14|
|Statement
offinancial|activities|15|
|Balance sheet||16|
|Cash flow statement||17|
|Notes to the financial|statements|18-29|
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||||||Unrestricted|Restricted|2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||Funds|Funds|Total|Total|
|||||||E|E||
|||||Note|||||
|Income and endowments|from:||||||||
|Income from charitable|activities||||||||
|Fees
Other income
Interest receivable
Donations
receivable|||||11,624,647
151,113
168|3,356|11,624,647
154,469
168|11,478,519
40,848
3,326|
|Government
grants receivable
Other donations|||||162,648|1,169|162,648
1,169|486,308
3,586|
|Total income|||||11,938,576|4,525|11,943,101|12,012,587|
|Expenditure
on:|||||||||
|Raising funds:|||||||||
|Financing costs
Fundraising
costs|||||97,669||97,669|59,401
13,742|
|Total costs ofraising funds|||||97,669||97,669|73,143|
|Charitable
expenditure|||||||||
|Teaching
Support and governance
Welfare
Premises
Bursaries and scholarships||awarded|||6,393,885
1,428,508
685,308
1,344,308
1,562,'172|1,540|6,393,885
1,430,048
685,308
1,344,308
1,562,172|6,428,058
1,310,980
727,463
1,144,585
1,639,265|
|Total costs ofcharitable|expenditure||||11,414,181|1,540|11,415,721|11,250,351|
|Total expenditure|||||11,511,850|1,540|11,513,390|11,323,494|
|Net income|||||426,726|2,985|429,711|689,093|
|Transfers
between
funds|||15||365|(365)|||
|Net movement
in funds|||||427,091|2,620|429,711|689,093|
|Reconciliation
offunds|||||||||
|Fund balances brought
forward|||||||||
|at 1 September 2020|||||6,970,946|111,315|7,082,261|6,393,168|
|Net movement
in funds|||||427,091|2,620|429,711|689,093|
|Fund balances carried forward||at|||||||
|31 August 2021|||15||7,398,037|113,935|7,511,972|7,082,261|
##
##
##
|||2021||2020|
|---|---|---|---|---|
|||E|||
|Reconciliation
ofnet income to net cash flow|||||
|from operating
activities:|||||
|Net income for year
Depreciation
Interest receivable
Interest payable
Profit on disposal offixed assets
Stocks movement
Debtors movement
Creditors
movement
Fees in advance
movement|429,711
409,184
(168)
38,155
1,792
76,645
(94,788)
(33,358)||689,093
433,673
(3,326)
56,577
(3,369)
(665)
(102,745)
156,738
(721,924)||
|Net cash provided
by operating
activities||827,173||504,052|
|Net cash flow from investing
activities:|||||
|Payments
to acquire tangible fixed assets
Receipts from sales oftangible fixed assets
Interest received|(1,068,513)
11,049
168||(485,865)
4,129
3,326||
|||(1,057,296)||(478,410)|
|Net cash flow from financing
activities:|||||
|Repayment
ofloans
Interest paid|(283,769)
(38,155)||(287,314)
(56,577)||
|||(321,924)||(343,891)|
|Decrease in cash||(552,047)||(318,249)|
|Net decrease
in cash and cash equivalents||(552,047)||(318,249)|
|Cash and cash equivalents
at I September 2020||2,545,443||2,863,692|
|Cash and cash equivalents
at 31August 2021||1,993,396||2,545,443|
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|Net inco|ming
resource|s f|or the year|||
|---|---|---|---|---|---|
|||||2021|2020|
|||||F||
|This is stated after charging:||||||
|Auditor's|remuneration|-|audit fee|8,488|8,100|
||||other services|470|450|
|Depreciation||||409,184|433,673|
|Profit on
Operating|sale oftangible
lease rentals|fixed assets
-
land and buildings||36,700|(3,369)
36,699|
||||other assets|7,416|5,224|
##
##
##
##
|Supportcosts|||||
|---|---|---|---|---|
||||2021
E|2020f|
|Administrative
staff costs|||767,155|752,186|
|Computer
maintenance|||153,344|116,977|
|Postage, stationery,
telephone
and other administrative
Advertising
for staff and promotion
Insurances
Travel
Depreciation
ofvehicles
Governance
costs (see note 4)||costs|41,103
165,901
72,803
163,088
35,448
31,206|40,548
83,955
87,634
156,691
38,741
34,248|
||||1,430,048|1,310,980|
##
|Governance costs|Governance costs|Governance costs|||||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||E|E|
|Auditor's|remuneration||—|audit fees|8,488|8,100|
|||||other services|470|450|
|Legal and
Governors'||professional fees
expenses|||21,247
1,001|25,554
144|
||||||31,206|34,248|
##
##
||||||||2021||2020|
|---|---|---|---|---|---|---|---|---|---|
|Staff costs|||||||F|||
|Wages and salaries
Social security costs
Pensions||||||5,961,600
601,794
1,034,074|||5,738,886
595,387
1,060,546|
|||||||7,597,468|||7,394,819|
||||||2021|2021||2020|2020|
||||||FTE|Number||FTE|Number|
|Average number
employed||including||Governors|158|218||162|218|
|Number ofemployees|earning||within|the following|bands:|||||
|||||||2021|||2020|
|F 60,001-F 70,000
E 70,001-F 80,000
F 80,001-F 90,000||||||||||
|F 90,001 - F100,000||||||||||
|F130,001 - F140,000||||||||||
|F140,001 - F150,000||||||||||
##
##
##
##
|Tangible fixed assets||||||
|---|---|---|---|---|---|
||Assets under|Freehold|Furniture
and|Motor||
||construction|Property|equipment|vehicles|Total|
|1 September 2020
Additions
Disposals|440,582
910,936|10,031,743|2,095,828
97,092
(39,744)|633,725
60,485|13,201,878
1,068,513
(39,744)|
|31 August 2021|1,351,518|10,031,743|2,153,176|694,210|14,230,647|
|Depreciation||||||
|1 September 2020
Charge for year
On disposals||3,271,075
214,199|1,642,318
159,537
(28,695)|586,858
35,448|5,500,251
409,184
(28,695)|
|31August 2021||3,485,274|1,773,160|622,306|5,880,740|
|Net book value||||||
|31 August 2021|1,351,518|6,546,469|380,016|71,904|8,349,907|
|31 August 2020|440,582|6,760,668|453,510|46,867|7,701,627|
##
|9.|Stocks||||
|---|---|---|---|---|
||||2021|2020|
|||||E|
||Stock - consumables||2,182|3,974|
|10.|Debtors||||
||||2021|2020|
||Trade debtors
Other debtors
Prepayments|and accrued income|236,521
2,773
107,769|119,312
173,864
130,532|
||||347,063|423,708|
##
##
##
|Creditors: amounts
falling due within one year|||
|---|---|---|
||2021|2020|
|Bank loans (note 14)
Trade creditors
Other taxation
and social security
Other creditors
Accruals
Autumn
fees in advance
Deferred fee income (note 13)|116,199
278,391
162,295
72,721
128,714
923,816
337,452|285,239
378,098
152,498
159,358
47,022
784,758
302,860|
||2,019,588|2,109,833|
##
|Creditors: amounts|falling due after one year|||
|---|---|---|---|
|||2021|2020|
|||F|E|
|Bank loans (note 14)
Parents'
refundable
deposits
Deferred fee income (note 13)||527,049
301,561
332,378|641,778
301,494
539,386|
|||1,160,988|1,482,658|
|Deferred income||||
|||2021|2020|
|Balance at 1 August 2020
Fees in advance
receipts
Released to incoming
resources||842,246
138,076
(310,492)|1,281,296
65,315
(504,365)|
|Balance at 31 August|2021|669,830|842,246|
|Included
in current
liabilities||337,452|302,860|
|Included
in creditors|due after more than one year|332,378|539,386|
##
##
##
##
|Bank loans|||
|---|---|---|
|The aggregate
amount
ofbank loans are as follows:|||
||2021|2020|
|Due within one year or less, or on demand
Due between
one and two years
Due between
two and five years
Due after five years|116,199
116,199
410,850|285,239
285,239
356,539|
|Total due|643,248|927,017|
|Included
in current
liabilities|116,199|285,239|
|Included
in creditors due after more than one year|527,049|641,778|
##
|2021|||At
01/09/2020|Incoming
resources|Outgoing
resources|Fund
transfer|At
31/08/2021|
|---|---|---|---|---|---|---|---|
||||E|E|f.|||
|Restricted funds:||||||||
|Academic achievement
School equipment||awards|33,234|3,356|(1,014)||35,576|
|(including
land)|||78,081|1,169|(526)|(365)|78,359|
|Total restricted funds|||111,315|4,525|(1,540)|(365)|113,935|
|Unrestricted
funds:||||||||
|General funds
Designated
fund|||914,525
6,056,421|12,293,532|(11,866,806)|(50,184)
50,549|1,291,067
6,106,970|
|Total unrestricted|funds||6,970,946|12,293,532|(11,866,806)|365|7,398,037|
|Totalfunds|||7,082,261|12,298,057|(11,868,346)||7,511,972|
##
##
|Movement
in funds (c|ontinu|e|d)|||||||
|---|---|---|---|---|---|---|---|---|---|
|2020||||At
01/09/2019
f|Incoming
resources
E|Outgoing
resources
F|Fund
transfer|At
31/08/2020||
|Restricted funds:||||||||||
|Academic achievement
awards
School equipment
(including
land)||||30,149
80,598|4,930
3,586|(1,845)
(214)|(5,889)||33,234
78,081|
|Total restricted funds||||110,747|8,516|(2,059)|(5,889)||111,315|
|Unrestricted
funds:||||||||||
|General funds
Designated
fund|||6,061,671
220,750||12,728,915|(12,046,279)|(5,829,782)
5,835,671|914,525
6,056,421||
|Total unrestricted
funds|||6,282,421||12,728,915|(12,046,279)|5,889|6,970,946||
|Total funds|||6,393,168||12,737,431|(12,048,338)||7,082,261||
|Restricted funds comprise the following:||||||||||
|||||||2021||2020||
|Academic achievement|awards:|||||||||
|Cokethorpe
Society —Subscriptions||||Fund||35,576|||33,234|
|School equipment
(including|||land):|||||||
|Annual
Fund
Ice Cream Machine
Development
ofScience|||||66,171
2,188
10,000||65,528
2,553
10,000|||
|||||||78,359|||78,081|
|||||||113,935||111,315||
|Designated
funds comprise||the following:||||||||
|Mansion
Stonework
Boathouse||||||145,335
58,414||220,750||
|Property||||||5,903,221||5,835,671||
|||||||6,106,970||6,056,421||
|Purpose offunds:||||||||||
|Cokethorpe
Society —Subscriptions||||Fund||||||
|Subscriptions
held for the|Cokethorpe|||Society.||||||
|Annual
Fund||||||||||
|Established
for the future|development|||ofthe school.||||||
##
##
##
##
##
|Analysis ofnet assets between funds||||
|---|---|---|---|
||Unrestricted|Restricted|Total|
|Fund balances at 31 August 2021 are represented|funds
E
by:|funds
E|fundsf|
|Tangible fixed assets
Cash at bank and
in hand
Other net current
liabilities
Long term liabilities|8,331,629
1,897,739
(1,670,343)
(1,160,988)|18,278
95,657|8,349,907
1,993,396
(1,670,343)
(1,160,988)|
||7,398,037|113,935|7,511,972|
||Unrestricted|Restricted|Total|
||funds|funds|funds|
|Fund balances at 31 August 2020 are represented|by:|||
|Tangible fixed assets
Cash at bank and
in hand
Other net current
liabilities
Long term liabilities|7,682,984
2,452,771
(1,682,151)
(1,482,658)|18,643
92,672|7,701,627
2,545,443
(1,682,151)
(1,482,658)|
||6,970,946|111,315|7,082,261|
##
|The total future
minimum
lease payments
under|non-cancellable
operating
leases a|re payable as fo|
|---|---|---|
||2021|2020|
|Equipment:|||
|Within one year
Between one and five years|106,637
279,090|5,224
10,448|
||385,727|15,672|
||2021|2020|
|Land and buildings:||E|
|Within one year
Between one and five years
Later than five years|36,700
102,520|36,699
178,443
34,173|
||139,220|249,315|
##
##
##
##
##
##
|. Statement offinancial
a|. Statement offinancial
a|ctivities —comparativ|ctivities —comparativ|e
figures
by fund-type|||
|---|---|---|---|---|---|---|
|Period ended 31August||2020|||||
|||||Unrestricted|Restricted|2020|
|||||Funds|Funds|Total|
|Income and endowments||from:||E|E|F|
|Income from charitable||activities|||||
|Fees
Other income
Interest receivable
Donations
receivable||||11,478,519
35,918
3,326|4,930|11,478,519
40,848
3,326|
|Government
grants receivable
Other donations||||486,308|3,586|486,308
3,586|
|Total income||||12,004,071|8,516|12,012,587|
|Expenditure
on:|||||||
|Raising funds:|||||||
|Financing costs
Fundraising
costs||||59,401
13,742||59,401
13,742|
|Total costs of raising funds||||73,143||73,143|
|Charitable
expenditure|||||||
|Teaching
Support and governance
Welfare
Premises
Bursaries and scholarships|||awarded|6,428,058
1,308,921
727,463
1,144,585
1,639,265|2,059|6,428,058
1,310,980
727,463
1,144,585
1,639,265|
|Total costs ofcharitable|expenditure|||11,248,292|2,059|11,250,351|
|Total expenditure||||11,321,435|2,059|11,323,494|
|Net income||||682,636|6,457|689,093|
|Transfers between
funds||||5,889|(5,889)||
|Net movement
in funds||||688,525|568|689,093|
|Reconciliation
offunds|||||||
|Fund balances
brought
forward|||||||
|at 1 September 2019||||6,282,421|110,747|6,393,168|
|Net movement
in funds||||688,525|568|689,093|
|Fund balances carried forward|||at||||
|31 August 2020||||6,970,946|111,315|7,082,261|