| Page | |
|---|---|
| Notice ofAGM | |
| Directors', Officers and Advisers | 2-3 |
| Directors' report | 4-8 |
| Strategic report | 9-21 |
| independent auditor's report |
22-24 |
| Consolidated statement offinancial activities |
25 |
| Consolidated balance sheet |
26 |
| Company balance sheet |
27 |
| Consolidated cash flow statement |
28 |
| Notes to the financial statements | 29-52 |
| Appointed | Rewlected at | |||||
|---|---|---|---|---|---|---|
| AGM | ||||||
| Chair ofCouncil | ||||||
| Mrs SC PHIPKIN ACA"t"" | 2013 | 2019 | ||||
| Vice Chair ofCouncil | ||||||
| Miss M F RUDLAND BSc- t(Resigned March 2020) Mrs C OSTER WARRINER MA Oxon* 't (Appointed March 2020) |
2009 2017 |
2018 2020 |
||||
| Directors | ||||||
| Dr SBURGE OBEBScBM DM FRCP- | (Resigned | June | 2020) | 2012 | 2019 | |
| Dr C FOSTER OBEBEd Hons, MSc, PhD | X (Appointed | March 2020) | 2020 | |||
| Mr SC A HARRIS BScACA" (Resigned | March 2020) | 2009 | 2018 | |||
| Lady N C KENNY BA PGCE X (Resigned | March 2020) | 2010 | 2019 | |||
| Mrs P A LENON BA(HONS) *'" | 2013 | 2017 | ||||
| Mrs R MARTIN MEd NPQH —t(Appointed | February | 2020) | 2019 | |||
| Rev Fr D W MCFARLAND BA(Hons) BTh |
2016 | 2020 | ||||
| Ms K GLEN MA(HONS) X | 2019 | |||||
| Miss B MOORE MBA X | 2012 | 2020 | ||||
| Dr K RINGHAM BA(HONS) PhD* ¹t- |
2015 | 2020 | ||||
| Mrs SSALVIDANT Cert Ed BEd(HONS) | -' | 2016 | 2018 | |||
| Mr RSSHIPPERLEY * X¹" | 2010 | 2019 |
| Year to31"July 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|
| Energy consumption used |
to calculate emissions | (kWh) | 5,145,895 | |||||
| Emissions | from | combustion | ofgas (Scope 1)tCOze | 612 | ||||
| Emissions | from | combustion | offuel for transport | purposes (Scope 1)tCOze | ||||
| Emissions | from | business | travel in rental cars or |
employee-owned | vehicles | 0.4 | ||
| where company | is responsible for purchasing the fuel (Scope |
3)tCO~e | ||||||
| Emissions | from | purchased | electricity (Scope 2, | location-based) | tCO~e | 552 | ||
| Emissions | from | purchased | electricity (Scope 2, | market-based) | tCO~e | |||
| Total gross | tCOze based | on above | 1,164 | |||||
| Intensity ratio (tCO~e/total |
square metres (m )) |
0.0403 |
| Reporting | Period | Period | 18iAugust 2019 31stJuly 2020 |
||||
|---|---|---|---|---|---|---|---|
| Boundary | (consolidation | approach) | Operational approach |
||||
| Alignment | with | financial | reporting | SECRdisclosure has been prepared in line with Headington School's annual accounts made up to31"July 2020 |
|||
| Reporting | method | GHG Emissions reporting are in line with the Greenhouse |
Gas | ||||
| (GHG) Protocol Corporate Accounting and Reporting Standard |
|||||||
| Emissions | factor &Conversion | DEFRA, 2020 for all emissions and conversion factors |
|||||
| factor source | https://www. gov.uk/government/publications/greenhouse- |
||||||
| gasre porting-conversion-factors-2020 | |||||||
| Calculation | method | Activity Data x Emission Factor = GHG emissions | |||||
| Activity Data x Conversion Factor = kWh consumption |
|||||||
| Rounding | The results in the table are expressed in tons COze and may |
not | |||||
| add up precisely to the totals due to rounding. | |||||||
| Other relevant | information | on | Electricity usage contains estimates for sites where information |
||||
| calculation | on.consumption was not available. Estimation is based on |
||||||
| portfolio average. | |||||||
| Diesel and petrol split was not available from company |
|||||||
| mileage (6%oftotal transport). Split was made using |
|||||||
| VEH0203 statistics https://www. gov.uk/government/statistical- |
|||||||
| data-sets/veh02licensed-cars | |||||||
| Reason for the | intensity | metric | Headington School is an independent day, weekly and full- |
||||
| choice | boarding school therefore following the recommendations |
of | |||||
| the legislation the chosen intensity metric is total square |
|||||||
| meters, expressing the school's annual emissions in relation |
to | ||||||
| this uantifiable factor. |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2020 | 2020 | 2020 | 2019 | |||
| Note | R | |||||
| Income from: | ||||||
| Donations and grants |
758,425 | 292,762 | 1,051,187 | 338,697 | ||
| Charitable activities: |
5,6 | |||||
| School fees | 18,754,287 | 18)754,287 | 19,860,112 | |||
| Other educational | income | 853,354 | 853,354 | 1,184,570 | ||
| Other trading activities |
509,570 | 509,570 | 583,592 | |||
| Investments | 13,320 | 4,217 | 17,537 | 20,265 | ||
| Other income | 287,734 | 287,734 | 416,753 | |||
| Total income | 21,176,690 | 296,979 | 21,473,669 | 22,403,989 | ||
| Expenditure on: |
||||||
| Raising funds: | ||||||
| Headington School Services Limited |
233,350 | 233,350 | 340,366 | |||
| Headington School International |
||||||
| Limited | 28,395 | 28,395 | ||||
| Development Office |
213,877 | 213,877 | 159,694 | |||
| Other | 123,161 | 1,779 | 124,940 | 86,985 | ||
| Charitable activities |
9 | 18,804,528 | 104,643 | 18,909,171 | 19,698,983 | |
| Total expenditure | 19,403,311 | 106&422 | 19,509,733 | 20,286,028 | ||
| Net gains/(losses) | on investments | 4,059 | (17,153) | (13,094) | 18,280 | |
| Net income | 1,777,438 | 173,404 | 1,950,842 | 2,136,241 | ||
| Transfers between |
funds | 23 | 4,259 | (4,259) | ||
| Net movement in |
funds | 1,781,697 | 169)145 | 1,950,842 | 2,136,241 | |
| Reconciliation of |
funds: | |||||
| Total funds brought | forward | 24,?50,483 | 321,796 | 25,072,279 | 22,936,038 | |
| Net movement in funds |
1,781,697 | 169,145 | 1,950,842 | 2,136,241 | ||
| Total funds carried forward | 26,532,180 | 490,941 | 27,023,121 | 25,072,279 |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| Note | |||||||
| Fixed assets | |||||||
| Tangible assets | 14 | 33,540,726 | 29,230,513 | ||||
| investments | 15 | 315,078 | 329,225 | ||||
| 33,855,804 | 29,559,738 | ||||||
| Current assets | |||||||
| Stocks | 16 | 14,552 | 17,347 | ||||
| Debtors | 17 | 571,038 | 781,109 | ||||
| Cash at bank and | in hand | 775,857 | 776,557 | ||||
| 1,361,447 | 1,575,013 | ||||||
| Creditors: amounts | falling due within one | ||||||
| year | 18 | (7,743,500) | (5,785,500) | ||||
| Net current liabilities |
(6,382,053) | (4,210,487) | |||||
| Total assets less | current liabilities | 27,473,751 | 25,349,251 | ||||
| Creditors: amounts | falling due after more | ||||||
| than one year | 19 | (449,479) | (275,821) | ||||
| Total net assets | 27,024,272 | 25,073,430 | |||||
| Charity funds | |||||||
| Share Capital | 22 | 1,151 | 1,151 | ||||
| Restricted funds | 23 | 490,941 | 321,796 | ||||
| Unrestricted funds |
23 | 26,532,180 | 24,750,483 | ||||
| Shareholders' | and Group funds | 27,024,272 | 25,073,430 |
| 2020 | 2019 | |||||||
|---|---|---|---|---|---|---|---|---|
| Note | ||||||||
| Fixed assets | ||||||||
| Tangible assets | 14 | 33,540,602 | 29,230,053 | |||||
| Investments | 15 | 315,083 | 329,229 | |||||
| 33,855,685 | 29,559,282 | |||||||
| Current assets | ||||||||
| Stocks | 16 | 14,552 | 14,187 | |||||
| Debtors | 17 | 701,253 | 792,475 | |||||
| Cash at bank and in hand | 613,559 | 675,303 | ||||||
| 1,329,364 | 1,481,965 | |||||||
| Creditors: amounts | falling due within one | |||||||
| year | 18 | (7,719,601) | (5,699,732) | |||||
| Net current liabilities | (6,390,237) | (4,217,767) | ||||||
| Total assets less current | liabilities | 27,465,448 | 25,341,515 | |||||
| Creditors: amounts | faIling due after more | |||||||
| than one year | 19 | (449,479) | (275,821) | |||||
| Total net assets | 27,015,969 | 25,065,694 | ||||||
| Charity funds | ||||||||
| Share Capital | 22 | 1,151 | 1,151 | |||||
| Restricted funds | 23 | 490,941 | 321,796 | |||||
| Unrestricted funds |
23 | 26,523,877 | 24,742,747 | |||||
| Shareholders' | and | Charity funds | 27,015,969 | 25,065,694 |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| Note | |||||||
| Cash flows from operating | activities | ||||||
| Net cash | used in operating |
activities | 25 | 3,703,547 | 2,870,317 | ||
| Cash flows from investing | activities | ||||||
| Dividends | and interest from | investments | 17,537 | 20,265 | |||
| Proceeds | from the sale of tangible fixed |
assets | 5,875 | ||||
| Purchase | of tangible fixed assets | (5,413,992) | (1,842,785) | ||||
| Proceeds | from sale of investments | 52,458 | 161,048 | ||||
| Purchase | of investments | (50,481) | (155,618) | ||||
| Net cash | used in investing | activities | (5,394,478) | (1,811,215) | |||
| Cash flows from financing | activities | ||||||
| Cash inflows from new borrowing | 1,919,340 | 290,000 | |||||
| Advance | fees utilised and repaid | (104,169) | (147,106) | ||||
| Financing | costs | (124,940) | (86,985) | ||||
| Net cash | provided by financing activities |
1,690,231 | 55,909 | ||||
| Change | in cash and cash | equivalents | in | the year | (700) | 1,115,011 | |
| Cash and cash equivalents | at the beginning | of the year | 776,557 | (338,454) | |||
| Cash and cash equivalents | at the end | of | the year | 26 | 775,857 | 776,557 | |
| The notes on pages 29to 52 form part ofthese financial statements. |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2020 | 2020 | 2020 | 2019 | ||
| Donations | 31,198 | 292,762 | 323,960 | 338,697 | |
| Government | grants | 727,227 | 727,227 | ||
| 758,425 | 292,762 | 1,051,187 | 338,697 | ||
| Total 2019 | 30,054 | 308,643 | 338,697 |
| Fees | |||
|---|---|---|---|
| 2020 | 2019 | ||
| Fees receivable consist of: | |||
| Gross fees | 19,669,385 | 20,877,600 | |
| Less bursaries and allowances |
(998,818) | (1,114,210) | |
| Fees less discounts | 18,670,567 | 19,763,390 | |
| Add back scholarships | paid for by restricted funds | 83,720 | 96,722 |
| 18,754,287 | 19,860,112 |
| Other educational income |
||
|---|---|---|
| 2020 | 2019f | |
| Extra subjects | 669,445 | 966,63/ |
| Insurance commissions |
16,775 | 19,575 |
| Registration fees |
99,069 | 87,598 |
| After School care | 42,037 | 67,291 |
| School shop and book sales | 26,028 | 43,475 |
| 853)354 | 1,184,570 |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2020 | 2020 | 2019 | |||
| Trading income - Headington | School Services Limited | 254,717 | 254,717 | 505,341 | |
| Trading income - Headington | School International | Limited | 206,041 | 206,041 | |
| Rental income | 48,812 | 48,812 | 78,251 | ||
| 509,570 | 509,570 | 583,592 | |||
| Total2019 | 583,592 | 583,592 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2020 | 2020 | 2020 | 2019 | ||
| Dividend | income | 4,217 | 4,217 | 4,123 | |
| Bank interest | 13,320 | 13,320 | 16,142 | ||
| 13,320 | 4,217 | 17,537 | 20,265 | ||
| Total20 | 19 | 16,142 | 4,123 | 20,265 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2020 | 2020 | 2020 | 2019 | ||
| R | |||||
| Teaching | 10,930,848 | 20,923 | 10,951,771 | 11,018,465 | |
| Welfare costs | 3,134,560 | 3,134,560 | 3,397,356 | ||
| Premises costs | 2,450,269 | 2,450,269 | 2,911,254 | ||
| Support costs | 2,190,588 | 2,190,588 | 2,198,218 | ||
| Grants, prizes and awards | 83,720 | 83,720 | 96,722 | ||
| Governance | costs | 98,263 | 98,263 | 76,968 | |
| 18,804,528 | 104,643 | 18,909,171 | 19,698,983 | ||
| Total 2019 | 19,361,469 | 337,514 | 19,698,983 |
| Other | Total | Total | ||||
|---|---|---|---|---|---|---|
| Staff costs | Depreciation | costs | funds | funds | ||
| 2020 | 2020 | 2020 | 2020 | 2019 | ||
| P | F | |||||
| Expenditure on fundraising |
||||||
| trading | 132,915 | 336 | 467,311 | 600,562 | 587,045 | |
| Cost of raising funds | 132,915 | 336 | 467,311 | 600,562 | 587,045 | |
| Teaching | 9,996,107 | 282,229 | 673,435 | 10,951,771 | 11,018,465 | |
| Welfare costs | 2,253,153 | 881,407 | 3,134,560 | 3,397,356 | ||
| Premises costs | 401,922 | 799,756 | 1,248,591 | 2,450,269 | 2,911,254 | |
| Support costs | 1,727,643 | 19,586 | 443,359 | 2,190,588 | 2,198,218 | |
| Grants, prizes and awards | 83,720 | 83,720 | 96,722 | |||
| Governance costs |
98,263 | 98,263 | 76,968 | |||
| Charitable activities |
14,378,825 | 1,101,571 | 3,428,775 | 18,909,171 | 19,698,983 | |
| Total 2020 | 14,511,740 | 1,101,907 | 3,896,086 | 19,509,733 | 20,286,028 | |
| Total 2019 | 14,120,246 | 1,062,323 | 5,103,459 | 20,286,028 | ||
| Auditor's remuneration |
||||||
| 2020 | 2019f | |||||
| Fees payable to the School's auditor and its associates | for the audit ofthe | |||||
| School's annual accounts | 23,690 | 19,750 | ||||
| Fees payable to the School's auditor and its associates | in respect of: | |||||
| Taxation compliance services |
950 | |||||
| All non-audit services not included |
above | 2,261 | 990 |
| Group | Group | School | School | ||
|---|---|---|---|---|---|
| 2020 | 2019f | 2020 | 2019 | ||
| Wages and | salaries | 11,492,017 | 11,543,406 | 11,344,517 | 11,540,073 |
| Social security costs | 1,170,884 | 1,168,602 | 1,152,104 | 1,168,602 | |
| Contribution | to pension schemes | 1,848,839 | 1,408,238 | 1,837,473 | 1,408,238 |
| 14,511,740 | 14,120,246 | 14,334,094 | 14,116,913 |
| Group | Group | ||
|---|---|---|---|
| 2020 | 2019 | ||
| No. | iVo. | ||
| Teaching staff | 160 | 164 | |
| Other direct staff | 102 | 103 | |
| Visiting teachers | 42 | 42 | |
| Domestic, outdoor and maintenance | staff | 81 | 83 |
| Other | 16 | 14 | |
| 401 | 406 |
| Group | Group | ||||
|---|---|---|---|---|---|
| 2020 | 2019 | ||||
| No. | No. | ||||
| In | the | band | f60,001 - f70,000 | 13 | |
| In | the | band | f70,001 - F80,000 | 2 | |
| In | the | band | f80,001 - f90,000 | 1 | |
| In | the | band | f90,001 - f100,000 | ||
| In | the | band | f100,001 - 2110,000 | ||
| In | the | band | F110,001 - f120,000 | ||
| In | the | band | f120,001 - f130,000 | ||
| ln | the | band | 2200,001 - 2210,000 | ||
| ln | the | band | f230,001 - f240,000 |
| Motor | |||||
|---|---|---|---|---|---|
| vehicles, | Assets | ||||
| Freehold | fixtures and | under | |||
| property | fittings | construction | Total | ||
| R | |||||
| Cost or valuation | |||||
| At 1 August 2019 | 35,839,331 | 4,458,250 | 1,025,162 | 41,322,743 | |
| Additions | 511,763 | 329,926 | 4,572,303 | 5,413,992 | |
| Disposals | (309,791) | (309,791) | |||
| Transfers | between classes | 50,000 | (50,000) | ||
| At 31 July | 2020 | 36,401,094 | 4,478,385 | 5,547,465 | 46,426,944 |
| Depreciation | |||||
| At 1 August 2019 | 8,336,358 | 3,755,872 | 12,092,230 | ||
| Charge for the year | 708,445 | 393,462 | 1,101,907 | ||
| On disposals | (307,919) | (307,919) | |||
| At 31 July | 2020 | 9,044,803 | 3,841,415 | 12,886,218 | |
| Net book | value | ||||
| At 31 July | 2020 | 27,356,291 | 636,970 | 5,547,465 | 33,540,726 |
| At31Ju/y | 2019 | 27,502,973 | 702,378 | 1,025,162 | 29,230,513 |
| Motor | |||||
|---|---|---|---|---|---|
| vehicles, | Assets | ||||
| Freehold | fixtires and | under | |||
| property | fittings | construction | Total | ||
| Cost or valuation | |||||
| At 1 August 2019 | 35,839,331 | 4,456,907 | 1,025,162 | 41,321,400 | |
| Additions | 511,763 | 329,926 | 4,572,303 | 5,413,992 | |
| Disposals | (309,791) | (309,791) | |||
| Transfers between classes |
50,000 | (50,000) | |||
| At 31 July 2020 | 36,401,094 | 4,477,042 | 5,547,465 | 46,425,601 | |
| Depreciation | |||||
| At 1 August 2019 | 8,336,358 | 3,754,989 | 12,091,347 | ||
| Charge for the year | 708,445 | 393,126 | 1,101,571 | ||
| On disposals | (307,919) | (307,919) | |||
| At 31 July 2020 | 9,044,803 | 3,840,196 | 12,884,999 | ||
| Net book value | |||||
| At 31 July 2020 | 27,356,291 | 636,846 | 5,547,465 | 33,540,602 | |
| At31Ju/y 2019 | 27,502,973 | 701,918 | 1,025,162 | 29,230,053 | |
| 15. | Fixed asset investments |
| Listed | |
|---|---|
| securities | |
| Group | |
| Cost or valuation | |
| At 1 August 2019 | 329,225 |
| Additions | 50,481 |
| Disposals | (52,458) |
| Revaluations | (12,170) |
| At 31 July 2020 | 315,078 |
| Investments | |||||||
|---|---|---|---|---|---|---|---|
| in | |||||||
| subsidiary | Listed | ||||||
| companies | securities | Total | |||||
| School | E | ||||||
| Cost or valuation | |||||||
| At 1 August 2019 | 329,225 | 329,229 | |||||
| Additions | 50,481 | 50,482 | |||||
| Disposals | (52,458) | (52,458) | |||||
| Revaluations | (12,170) | (12,170) | |||||
| At 31July 2020 | 5 | 315,078 | 315,083 | ||||
| 16. | Stocks | ||||||
| Group | Group | School | School | ||||
| 2020 | 2019 | 2020 | 2019 | ||||
| Finished | goods and goods for resale | 14,552 | 17,347 | 14,552 | 14,187 | ||
| 17. | Debtors | ||||||
| Group | Group | School | School | ||||
| 2020 | 2019 | 2020 | 2019 | ||||
| Due within one year | |||||||
| Trade debtors | 121,601 | 474,012 | 121,601 | 339,501 | |||
| Amounts | owed by group undertakings | 131,999 | 135,120 | ||||
| Other debtors | 74,824 | 13,139 | 73,040 | 13,139 | |||
| Prepayments | and accrued income | 374,613 | 293,958 | 374,613 | 304,715 | ||
| 571,038 | 781,109 | 701,253 | 792,475 |
| Group | Group | School | School | |||
|---|---|---|---|---|---|---|
| 2020 | 2019 | 2020 | 2019f | |||
| Bank loans | 3,269,340 | 1,650,000 | 3,269,340 | 1,650,000 | ||
| Fees received | in advance | 1,143,506 | 1,011,941 | 1,143,506 | 1,011,941 | |
| Trade creditors | 94,044 | 310,232 | 85,994 | 284,777 | ||
| Other taxation | and social security | 287,347 | 309,748 | 287,347 | 299,581 | |
| Advance fee scheme | (note 20) | 34,353 | 69,816 | 34,353 | 69,816 | |
| Other creditors | 29,740 | 67,344 | 29,740 | 67,344 | ||
| Accruals and deferred | income | 1,312,298 | 663,734 | 1,296,449 | 613,588 | |
| Deposits held | 1,572,872 | 1,702,685 | 1,572,872 | 1,702,685 | ||
| 7,743,500 | 5,785,500 | 7,719,601 | 5,699,732 |
| Group | Group | School | School | ||
|---|---|---|---|---|---|
| 2020 | 2019f | 2020 | 2019 | ||
| Bank loans | 300,000 | 300,000 | |||
| Advance fee scheme (note 20) | 34,353 | 34,353 | |||
| Fees received | in advance | 149,479 | 241,468 | 149,479 | 241,468 |
| 449,479 | 275,821 | 449,479 | 275,821 |
| 2020 | 2019 | |
|---|---|---|
| Group and School | ||
| Due within one year (note 18) | 34,353 | 69,816 |
| Due 1-2years (note 19) | 34,353 | |
| 34,353 | 104,169 |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| Group and School | |||||||
| Balance | at 1 August 2019 | 104,169 | 251,575 | ||||
| New contracts | |||||||
| 104,169 | 251,575 | ||||||
| Amounts | utilised in payment |
offees | (69,816) | (147,406) | |||
| Amounts | refunded | ||||||
| Balance | at 31July 2020 | 34,353 | 104,169 | ||||
| 21. | Financial instruments | ||||||
| Group | Group | School | School | ||||
| 2020 | 2019 | 2020 | 2019 | ||||
| F | |||||||
| Financial assets | |||||||
| Financial | assets measured | at fair value | |||||
| through | income and expenditure | 315,078 | 329,225 | 315,078 | 329,225 |
| 2020 | 2019 | |
|---|---|---|
| Allotted, called up and fully paid | ||
| 1,151 Ordinary shares of R1 each | 1,151 | 1,151 |
| 1,151 | 1,151 |
| Statement | offunds | offunds | offunds | ||||
|---|---|---|---|---|---|---|---|
| Statement | offunds - current year | ||||||
| Balance at 1 | Transfers | Gains/ | Balance at | ||||
| August 2019 | Income | Expenditure | in/out | (Losses) | 31July 2020 | ||
| Unrestricted | |||||||
| funds | |||||||
| Headington | |||||||
| School | 24,742,747 | 20,851,956 | (19,079,144) | 4,259 | 4,059 | 26,523,877 | |
| Headington | |||||||
| School Services | |||||||
| Limited | 7,736 | 369,941 | (369,374) | 8,303 | |||
| Headington | |||||||
| School | |||||||
| International | |||||||
| Limited | 206,041 | (206,041) | |||||
| Consolidation | |||||||
| adjustments | (251,248) | 251,248 | |||||
| 24,750,483 | 21,176,690 | (19,403,311) | 4,259 | 4,059 | 26,532,180 | ||
| Restricted | |||||||
| funds | |||||||
| Charitable | Trust | 60,000 | (60,000) | ||||
| Scholarship | 234,359 | 25,982 | (25,498) | (4,259) | (17,153) | 213,431 | |
| Prizes | 37,612 | 100 | 37,712 | ||||
| Leach | 4,970 | (258) | 4,712 | ||||
| Rowing | 38,417 | 8,900 | (14,016) | 33,301 | |||
| Prep | 938 | (938) | |||||
| Creativity | and | ||||||
| Innovation | |||||||
| Centre | 5,225 | (5,225) | |||||
| Drama | 158 | 158 | |||||
| Ogden Trust | 5,342 | (487) | 4,855 | ||||
| Sport Donation | 6,250 | 6,250 | |||||
| Boathouse | 190,522 | 190,522 | |||||
| 321,796 | 296,979 | (106,422) | (4,259) | (17,153) | 490,941 | ||
| Total offunds | 25~072&279 | 21&473&669 | (19r509&733) | (13,094) | 27,023,121 |
| Statement | offun | ds - prior year | |||||
|---|---|---|---|---|---|---|---|
| Balance at | |||||||
| 1August | Transfers | Gains' | Balance at | ||||
| 2018 | Income f |
Expenditure | inlout | (Losses) | 31Ju/y 2019 | ||
| Unrestricted | |||||||
| funds | |||||||
| Headington | |||||||
| School | 22,595,962 | 21,919,970 | (19,775,490) | 2,305 | 24,742,747 | ||
| Headington | |||||||
| School Services | |||||||
| Limited | 7,736 | 680,054 | (680,054) | 7,736 | |||
| Consolidation | |||||||
| adjustments | (508,801) | 508,801 | |||||
| 22,603,698 | 22,091,223 | (19,946,743) | 2,305 | 24,750,483 | |||
| Restricted | |||||||
| funds | |||||||
| Charitable | Trust | 70,000 | (70,000) | ||||
| Scholarship | 218,520 | 27,621 | (27,757) | 15,975 | 234,359 | ||
| Prizes | 31,872 | 6,225 | (485) | 37,612 | |||
| Leach | 5,221 | (251) | 4,970 | ||||
| Rowing | 14,227 | 24,190 | 38,417 | ||||
| Parents' | |||||||
| Association | 9,000 | (9,000) | |||||
| Prep | 62,500 | 1,938 | (63,500) | 938 | |||
| Creativity and | |||||||
| Innovation | |||||||
| Centre | 125,000 | (125,000) | |||||
| Drama | 791 | (633) | 158 | ||||
| Ogden Trust | 5,997 | (655) | 5,342 | ||||
| 6th Form | |||||||
| Improvements | 42,004 | (42,004) | |||||
| 332,340 | 312,766 | (339,285) | 15,975 | 321,796 | |||
| Total offunds | 22.936.038 | 22,403,989 | (20,286,028) | 15,975 | 2,305 | 25,072,279 |
| Analysis of net assets between funds - | current period | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Share | Total | |
| funds | funds | Capital | funds | |
| 2020 | 2020 | 2020 | 2020 | |
| Tangible fixed assets | 33,540,726 | 33,540,726 | ||
| Fixed asset investments | 110,283 | 204,795 | 315,078 | |
| Current assets | 1,075,301 | 286,146 | 1,361,447 | |
| Creditors due within one year | (7,743,500) | (7,743,500) | ||
| Creditors due in more than one year | (449,479) | (449,479) | ||
| Share Capital | (1,151) | 1,151 | ||
| Total | 26,532,180 | 490,941 | 1,151 | 27,024,272 |
| Analysis of net assets between funds - | prior period | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Share | Total | |
| funds | funds | Capital | funds | |
| 2019 | 2019 | 2019 | 2019 | |
| Tangible fixed assets | 29,230,513 | 29,230,513 | ||
| Fixed asset investments | 108,880 | 220,345 | 329,225 | |
| Current assets | 1,473,562 | 101,451 | 1,575,013 | |
| Creditors due within one year | (5,785,500) | (5,785,500) | ||
| Creditors due in more than one year | (275,821) | (275,821) | ||
| Share Capital | (1,151) | 1,151 | ||
| Total | 24,750,483 | 321,796 | 1,151 | 25,073,430 |
| Group | Group | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||||
| Net income for the period (as per | Statement | of Financial | Activities) | 1,950,842 | 2,136,241 | ||||
| Adjustments for: |
|||||||||
| Depreciation charges |
1,101,907 | 1,062,323 | |||||||
| Gains/(losses) on investments |
12,170 | (18,280) | |||||||
| Dividends and interest from investments |
(17,537) | (20,265) | |||||||
| Loss/(profit) on the sale of fixed assets |
1,872 | (5,875) | |||||||
| Decrease/(increase) | in stocks | 2,795 | (2,765) | ||||||
| Decrease/(increase) | in debtors | 211,835 | (38,606) | ||||||
| Increase/(decrease) | in creditors | 314,723 | (329,441) | ||||||
| Financing costs | 124,940 | 86,985 | |||||||
| Net cash provided by operating |
activities | 3,703,547 | 2,870,317 | ||||||
| 26. | Analysis ofcash and cash equivalents |
||||||||
| Group | Group | ||||||||
| 2020 | 2019 | ||||||||
| Cash at bank and in | hand | 775,857 | 776,557 | ||||||
| Total cash and cash equivalents | 775,857 | 776,557 | |||||||
| 27. | Analysis ofchanges | in net debt | |||||||
| Other non- | |||||||||
| At 1 August | cash | At 31 July | |||||||
| 2019 | Cash | flows | changes | 2020 | |||||
| Cash at bank and in | hand | 776,557 | (700) | 775,857 | |||||
| Debt due within 1 year |
(1,650,000) | (3,269,340) | 1,650,000 | (3,269,340) | |||||
| Debt due after 1 year |
1,350,000 | (1,650,000) | (300,000) | ||||||
| (873,443) | (1,920,040) | (2,793,483) |
| under non | -can | cellable operating leases as follow |
s: | |||
|---|---|---|---|---|---|---|
| Group | Group | School | School | |||
| 2020 | 2019 | 2020 | 2019f | |||
| Not later than | 1 year | 88,835 | 101,629 | 88,835 | 101,629 | |
| Later than | 1 year and not later than 5years | 5,694 | 94,529 | 5,694 | 94,529 | |
| 94,529 | 196,158 | 94,529 | 196,158 |
| 2020 | |||
|---|---|---|---|
| Income | 369,941 | ||
| Expenditure | 369,374 | ||
| Profit for the | year | 567 | |
| Net assets | 8,307 | ||
| Headington | School International | Limited | |
| 2020 | |||
| Income | 206,041 | ||
| Expenditure | 206,041 | ||
| Result for the | year | ||
| Net assets |