##
||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|
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|||||||||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.|||
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||||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.||||||||
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|||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|
##
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||||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||
##
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##
|||||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|
##
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##
|||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|
##
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##
|||||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|||
##
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||||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|
##
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##
||||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|
##
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|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||||