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2021-08-31-accounts

Governors,
Officers and Advisers
Governors'
Report
Statement ofaccounting
and reporting		 responsibilities 17
Independent
auditor's
report to the members		 ofSt Edward's School 18
Group statement
offinancial activities		 20
Group and School balance sheet 21
Group statement
ofcash flows		 22
Notes to the financial statements 23

harity
law. The Governors
who serv		 ed
in office du		 ed
in office du		 ed
in office du		 nng the yea r and su bsequen tly
are		 detail ed
be		 low:
Name Date ofchan e 2 3 6 7 9 10
C
I M Jones, MA, FRSA
J A0Adedo
in, MA, MBA		 A ointed 25 Feb 2021
Mrs SAinsworth,
MA, MSc,
CQSW, Churchill
Fellow
Mrs CMBa
s, BSc
J M Burrows,
MA
Mrs G A S Dennis,
BA, MA
Dr L L Fawcett Posada,
MA,
DPhil
D JJackson, LLB
KM Macritchie
MA BD LLB
The Very Reverend
M W Percy		 Retired on 'I
BA, Med, PhD Se tember 2021
Dr C Robertson,
MBChB,
MRCPC Paeds
FRCPCH
M W Roulston,
MBE, Med
M P Stanfield
EW Ste henson,
MA
Dr P A Winston,
MA, PhD
General Purposes
Committee		 6 Audit Review Committee
Education
Committee		 7 The North Wall Trust
Compliance
and Safeguarding		 Committee 8 St Edward's School International Limited
Nominations
Committee		 9 Bursary Committee
Investment
Committee		 10 Beyond Teddies Committee

ompany sets out ompany sets out belo belo w the annual
energy
consumption:		 w the annual
energy
consumption:
UK Greenhouse gas emissions
and energy use data		 13months Year
ended 31 ended 31
August July 2020
2021
Energy consumption used to calculate emissions (kyyh) 10,297,837 8,697,806
Scope 1 emissions in metric tonnes ofCO2e
~ Gas consumption
~ Owned
trans		 ort —mini-buses 1,417.30 1,399.85
Scope 2 emissions in metric tonnes of CO2e
Purchased
electricit		 529.36 795,38
Scope 3 emissions in metnc tonnes of CO2e
Business travel
in		 em lo ee owned vehicles
Intensity Ratio
Tonnes CO2e
er		 u il 2.52 3.16

Unrestricted
Funds		 Restricted
Funds		 Endowment
Funds		 Total Total
Restated *
13Months 13Months 13Months 13Months Year
2021 2021 2021 2021 2020
Note 6'000 6'000 6'000 6'000 6'000
Income from:
Charitable activities:
School fees receivable 3 23,310 23,310 21,429
Ancillary
trading
income		 4 1,152 1,152 683
The North Wall Trust 28 68 68 232
Other trading activities:
Letting ofSchool facilities 50 50 329
Other activities 78 78 228
Job Retention Scheme Grant: 519 519 1,152
Investments:
Investment
income		 98 110 208 167
Bank interest 6 6 81
Voluntary sources:
Donations
and legacies		 216 89 305 347
Total income: 25,497 199 25,696 24,648
Expenditure
on:
Charitable
activities:
Education of pupils 24,417 8 24,425 22,130
The North Wall Trust 367 32 399 443
Other trading activities:
Letting ofSchool facilities 2 40
Investments:
Financing costs 1,139 1,139 413
Voluntary sources:
Fund raising
& Investment		 116 30 3 149 201
Management
Total expenditure: 26,041 70 3 26,114 23,227
Net income for the period before (544) 129 (3) (418) 1,421
transfers
and investment		 gains
Gains i (Losses) on investments 536 728 65 1,329 (283)
Net income for the period (8) 857 911 1,138
Transfers
between
funds		 19 42 (42)
Losses on revaluation
of property		 19 10,775
Net movement
in funds		 34 815 62 911 (9,637)
Fund balances at start of period 19 65,292 4,056 342 69,690 79,327
Fund balances at end of period 19 65,326 4,871 404 70,601 69,690

Group Group School School
2021 2020 2021 2020
Restated " Restated *
Note 8'000 F'000 6'000 6'000
Fixed assets
Tangible assets 9 108,406 97,931 108,406 97,931
Investments
in securities		 10 6,619 5,122 6,619 5,122
115,025 103,053 115,025 103,053
Current assets
Stocks 18 23 18 23
Debtors 10 7,157 495 7,155 486
Investments
cash		 deposits 111 1,750 1,750
Cash
in hand and		 at bank 5,564 8,991 5,529 8,884
14,489 9,509 14,452 9,393
Current
liabilities
Creditors
payable		 within one year 13 ~72,255 ~5,015 ~12,277 ~5, 730
Net current assets/(liabilities) 2,234 4,491 2,175 4,263
Total assets less current liabilities 117,259 107,544 117,200 107,316
Creditors: Amounts falling due 14 (46,583) (37,699) (46,583) (37,699)
after more than one year
Provisions
for liabilities		 and 1617 (75) (155) (75) (155)
charges
Net assets 70,601 69,690 70,542 69,462
Represented
by:
Share capital 18
Endowed
funds		 19 404 342 404 342
Restricted
funds		 19 4,871 4,056 4,826 3,979
Revaluation
reserve		 19 29,249 29,249 29,249 29,249
Other unrestricted funds 19 36,077 36,043 36,063 35892
70,601 69,690 70,542 69,462

2021 2021 2020 2020
Note 6'000 6'000 6'000 6'000
Restated " Restated *
Net cash flow from operating 20 1,689 3,648
activities
Cash flows from investing
activities
Tangible assets - payments for (11,936) (18,300)
assets
Tangible assets - proceeds on sale of
assets
Investments
—receipts		 (payments) of (1,750) 10,000
short-term
deposits
Investments
- payments		 for (794) (1,248)
investments
Investments
—proceeds		 of investment 626 881
sales
Investments
—investment		 income 208 167
Net cash provided by / ( used in) (13,646) (8,495)
investing
activities
Cash flows from financing
activities
Loan Funding 350
Bond Funding 7,931
Advance Fees - new amounts 1,520 1,924
received
Advance Fees - used towards (1,205) (2,069)
School's fees
Advance Fees —amount of fees (66) (319)
repaid
Net cash provided by / (used in) 8,530 (464)
financing
activities
Increase /(decrease) in cash and
cash equivalents
in the period (3,427) (5,311)
Cash and cash equivalents at 8,991 14,302
beginning
of period
Cash and cash equivalents at end 5,564 8,991
of period

Freehold
buildings		 50to 100years
Refurbishments
and sports pitches		 5 to 20 years
Staff housing Nil, as have residential property value
Equipment,
fixtures and fittings		 3 to 10years
Motor vehicles 5 years
Assets
in the course of construction		 Not depreciated, as not yet brought into use

2021 2020
6'000 F'000
Restated
Gross school fees receivable 26,803 24,255
Less: Scholarships and bursaries (3,509) (2,926)
Add: Scholarships and bursaries paid from Restricted or Other 16 100
Funds
23,310 21,429
4. Charitable activities —Ancillary charitable activities
2021 2020
6'000 6'000
Additional tuition and other fees 763 423
Entrance fees and registration fees 389 260
1,152 683
5. Investment income
2021 2020
6'000 6'000
Income from securities —equities 148 104
Income from securities —fixed interest 60 63
208 167

2021 2020
f'000 f'000
Donations 100 70
Legacies 205 277
305 347
.
Financing		 costs
2021
f'000		 2020
f'000
Pension scheme financing costs (Note 23) 2
Financing costs accrued to Advance Fee contracts (Note 15) 20 39
Interest payable on bank loans and overdraft 194 258
Interest payable on bond 925 114
1,139 413

Staff Deprec- Other Total Total
Costs iation Operating 2021 2020
Costs
13Months ended 31August 2021 f'000 f'000 f'000 f'000 f'000
Charitable activities:
Teaching 9,623 217 1,378 11,218 10,423
Welfare 3,462 1,624 5,086 4,346
Premises 1,212 1,244 2,762 5,218 4,758
Support and governance 1,728 1,175 2,903 2,602
Awards and prizes 1
North Wall Trust 260 139 399 443
Raising funds:
Letting of School facilities 2 40
Financing costs (Note 6) 1,139 1,139 413
Investment management fees 49 49 21
Fund raising 89 11 100 180
16,376 1,461 8,277 26,114 23,227

Staff Deprec- Other Total
Costs iation Operating 2020
Costs
Year ended 31July 2020 6'000 6'000 6'000 6'000
Charitable activities:
Teaching 9,386 196 841 10,423
Welfare 3,231 1,115 4,346
Premises 745 1,339 2,674 4,758
Support and governance 1,666 936 2,602
Awards
and		 prizes 1 1
North
Wall Trust		 234 209 443
Raising funds:
Letting ofSchool facilities 30 10 40
Financing costs (Note 7) 413 413
Investment management fees 21 21
Fund raising 141 39 180
15,433 1,535 6,259 23,227
2021 2020
6'000 6'000
Included
in support costs		 are:
Operating
leases		 250 39
Reimbursement
of personal expenses		 to Governors
Remuneration paid to Auditor for audit ofaccounts 20 20
Remuneration paid to Auditor for taxation compliance services
Remuneration paid to Auditor for other non-audit
services

.
Staff costs
2021 2020
6'000 f'000
The aggregate
gross costs of		 staff were as follows:
Wages and salaries 13,654 12,595
Social security costs 1,377 1,195
Other pension costs 1,345 1,643
16,376 15,433
The aggregate
employee		 benefits of key management personnel was; 389 366
The average
monthly		 number of employees during the 13months /
year was:
Teaching 193 184
Domestic 181 168
Administration 104 107
478 459
The number ofemployees whose total benefits during the 13months /
Year lexcluding
employer		 pension contributions and social security )
were over F60,000 was:
F60,001 -
670,000		 30 21
670,001 — 680,000 15 6
680,001 - 690,000 2
690,001 - F100,000 2
6100,001 - 6110,000 1
F130,001 - 6140,000 1
F170,001 —6180,000
6190,001 —6200,000

10.
Tangible fixed assets
Group and School Staff School Vehicles and Total
Housing Campus Equipment
6'000 6'000 F'000 6'000
Cost or valuation
As at 1 August 2020 22,075 75,400 6,003 103,478
Additions 4,722 7,049 165 11,936
As at 31 August 2021 26,797 82,449 6,168 115,414
Depreciation
As at 31 July 2020 5,547 5,547
Charge for the year 1,182 279 1,461
As at 31 August 2021 1,182 5,826 7,008
Net book value
As at 31 July 2020 22,075 75,400 456 97,931
As at 31 August 2021 26,797 81,267 342 108,406
2021 2020
Freehold
land and		 buildings —Group and School f'000 E'000
Staff Housing 7,743 3,021
School Campus 70,657 65,203
At cost from 1890to 31 July 2020 78,400 68,224
2021 2020
E'000 K'000
Capital commitments outstanding 338 4,000

1.
Investments
Group and School Investments
f'000
Investments
in securities:
As at 1 August 2020 5,122
Additions 794
Disposals at opening market value (626)
Gains
in the 13months to 31 Aug 2021		 1,329
As at 31 August 2021 6,619
Analysis of investments: f'000
Fixed interest securities
Equities 6,619
6,619
nvestments
 are managed
and held
in the UK.
f'000
Investments in short —term cash deposits:
As at 1 August 2020
Cash deposits made 1,750
As at 31 August 2021 1,750

Group Group School School
2021 2020 2021 2020
f'000 f'000 f.'000 f'000
Fees outstanding 7,026 161 7,026 161
Trade debtors 38 126 38 126
Staff loans 21 27 21 27
Other debtors 16 35 16 35
Prepayments and accrued income 56 146 54 137
7,157 495 7,155 486

13.
Creditor		 s: amoun ts
falling du		 e within one y ear
Group Group School School
2021 2020 2021 2020
Restated Restated
6'000 6'000 6'000 8'000
Trade creditors 756 259 756 259
Taxation and social security 324 334 324 334
Other creditors and accruals 1,094 2,252 1,069 2,236
Short term compensated balances 140 140
Amount
due to		 subsidiary 47 128
Deferred income:
Fees held
in Advance Fees Fund		 1,209 1,108 1,209 1,108
(Note 15)
Fees received in advance of term 8,784 850 8,784 850
Registration
deposits
held		 81 64 81 64
Other income 7 11 7 11
12,255 5,018 12,277 5,130

Group and Group and
School School
2021 2020
8'000 f'000
Bank loans (Note 14) 7,000 6,650
Bond less unamortised financing costs (Note 14) 37,721 29,790
Deferred income:
Fees held in Advance Fees Fund (Note 15) 876 708
Registration deposits held 986 551
46,583 37,699

Group and Group and
School School
2021 2020
6'000 6'000
Loans:
Due within one year
Due between one and two years
Due between two and five years 7,000
Due in more than five years 37,721 36,440
44,721 36,440

6.
A		 dvan ce Fees Fund
Group Group
and and
School School
2021 2020
f.'000 8'000
As at 1 August 1,816 2,241
New contracts with Parents 1,520 1,924
Finance costs accrued to contracts 20 39
3,356 4,204
Amounts used towards School's fees (1,205) (2,069)
Capital repaid or paid to other schools (66) (319)
As at 31 July 2,085 1,816
he balance on the Advance Fees Fund can be analys ed
as follows;
Group Group
and and
School School
2021 2020
F'000 8'000
Due within one year 1,209 1,108
Due between one and two years 481 558
Due between two and five years 395 150
2,085 1,816

Group Group
and and
School School
2021 2020
8'000 8'000
Defined benefit pension scheme liability (Note 23) 75 155
18. Share capital
2021 2020
8'000 8'000

19Funds
Movement on Funds for the 13months ended 31August 2021
Note As at 1 Income Expend- Gains I Transfers As at 31
Aug 2020
f'000		 itura
f'000		 losses
f'000		 f'000 Aug 2021
f'000
Endowed Funds
Rotherfield Scholarship (a) 342 (3) 65 404
Fund
Restricted Funds
Rotherfield Income Fund 9 9
Foundation Fund (b) 125 10 (8) (51) 76
Endowment Fund (c) 1,293 34 (10) 244 1,561
Scholarship Fund (c) 2,561 146 (20) 484 9 3,180
The North Wall Trust 77 (32) 45
Total Restricted Funds 4,056 199 (70) 728 (42) 4,871
Unrestricted
Funds
Revaluation Reserve (d) 29,249 29,249
Other unrestricted funds
General reserves 267 25,116 (25,629) (528) (774)
The North Wa/l Trust 45 68 (367) 276 22
SlEdward's
lnl'l Ltd		 100 (8) (100) (8)
Other designated funds
Rotherfield Designated 200 200
Fund
Advance Fees Fund (e) 551 (25) 274 (200) 661
Capital Fund (f) 33,680 414 34,094
Foundation Fund (b) (14)
Scholarship Fund (c) 1,386 252 (12) 262 (6) 1,882
36,043 25,497 (26,04!) 536 42 36,077
Total Unrestricted 65,292 25,497 (26,041) 536 42 65,326
Funds
Total Funds 69,696 26,696 226,1142 1,629 70,601

Fund bala nces a s at 31 August 2021 were represented by:
Fixed Investments Net Long Interfund Total
current term
Assets assets (liabilities) Loans Assets
6'000 6'000 E'000 6'000 6'000 K'000
Endowed Funds 381 23 404
Restricted Funds
Rotherfield Income Fund
Foundation Fund 76 76
Endowment Fund 1,470 91 1,551
Scholarship Fund 2,995 185 3,180
The North Wall Trust 45 45
Total Restricted Funds 4,465 406 4,871
Unrestricted
Funds
Revaluation Reserve 29,249 29,249
Other unrestricted funds
General reserves 342 821 (1,937) (774)
The North Wall Trust 22 22
StEdward's lnt'I Ltd (8) (8)
Other designated funds
Rotherfield Designated 200 200
Fund
Advance Fees Fund 661 661
Capital Fund 78,815 (44,721) 34,094
Foundation Fund
Scholarship Fund 1,773 109 1,882
79,157 1,773 1,805 (46,658) 36,077
Total Unrestricted Funds 108,406 1,773 1,805 (46,658) 65,326
Total Funds 108,406 6,619 2,234 (46,658) 70,601

Movement on Funds for year ended 31July year ended 31July 2020
Note As at Income Expend Gains Transfers As at
1 August iture llosses 31 July
f.'000 K'000 f'000 5'000 6'000 6'000
Endowed
Funds		 342 342
Restricted
Funds
Foundation
Fund		 (b) 67 107 (35) (14) 126
Endowment
Fund		 (c) 1,313 27 (47) 1,293
Scholarship
Fund
The North Wall Trust
Total Restricted Funds		 (c) 2,604
3,984		 54
76
264		 ~35 (93)
~10		 (4)
2,561
1
77
~17,056
Unrestricted
Funds
Revaluation
Reserve		 (d) 40,186 ~10775 ~102 29 2 9
Other unrestricted funds
General reserves 366 23,796 (22,652) (1,243) 267
The North
Wall Trust		 47 157 (443) 284 45
SlEdward's
Inl'I Lid		 106 (6) 100
Other designated funds
Advance Fees Fund (e) 633 58 (44) (96) 551
Capital Fund (0 32,437 1,243 33,680
Foundation
Fund
Scholarship
Fund		 (b)
(c)		 25
1,307
34,815		 240
27
24,384		 (1)
~46
~23,102		 ~47
~143		 (250)
145
179		 14
1 386
36,043
Total Unrestricted Funds 75DIII 24384 ~23102 ~ID,818 17 65,292
Total Funds 0327 24,6.48 ~23,227 ~1, 5 100 69,690

und balances (R estated) as at 31 July 202 0 were repres ented
by:
Net
Fixed Invest current Long term Interfund Total
Assets ments assets (liabilities) Loans Assets
E'000 E'000 E'000 E'000 E'000 E'000
Endowed
Funds		 235 114 ~7 32
Restricted Funds
Foundation
Fund		 164 (39) 125
Endowment
Fund		 890 428 (25) 1,293
Scholarship
I-und		 1,763 848 (50) 2,561
The North
Wall Trust
Total Restricted
Funds		 2,653 77
~377		 77
Unrestricted
Funds
Revaluation
Reserve		 29,249 29249
Other unrestricted funds
General reserves 456 504 (706) 13 267
The North
Ihra/I Trust		 (6) 51 45
StEdward's
lnl'I Ltd		 106 (6) 100
Other designated funds
Advance Fees Fund 1,280 (20) (708) (1) 551
Capital Fund 68,226 1,894 (36,440) 33,680
Foundation
Fund
Scholarship
Fund		 68,682 954
2,234		 459
.93		 ~37,854 14
~27
44		 14
1,385
36043
Total Unrestricted Funds 97,931 2,234 2937 ~,37854, 44 65,292
Total Funds 97,931 5,122 4,491 ~3, 5478 69,690

21.
Reconciliati		 on
of net i		 nco me to net cas h flow from op erating
act		 ivities
2021 2021 2020 2020
8'000 8'000 8'000 E'000
Restated Restated
Net income for the 13Months / Year 911 1,138
Elimination
of non-operating
items:
Investment
income		 (208) (167)
(Gains)/losses on investments (1,329) 276
Finance cost accrued to Advance Fees 20 39
Amortisation
of		 bond costs 8
Depreciation 1,461 1,535
(Profit) on sale offixed assets (5)
Decrease/(Increase)
in stocks		 5 45
Decrease/(increase) in debtors (6,662) 717
Increase/(decrease) in creditors and provisions 7,039 (131)
Increase/(decrease) in Registration deposits 452 193
778 2,510
Net cash flow from operating
activities		 1,689 3,648

22. Analysis
ofchanges
in net debt
Note As at 1 Noncash Cash As at 31
August Change Flows August
2020 2021
f'000 f'000 8'000 f'000
Cash 8,991 (3,427) 5,564
Cash equivalents 11 1,750 1,750
Loans falling due after more than one year 15 ~36440 8 281 ~44 721
(27,449) )9,959) ~37,407

2021 2020
6'000 8'000
Year ending: 31 August /31 July
2021 33
2022 28 34
2023 20 35
2024 19 36
2025 8 19
Net present value of provision 75 155

Group and School
2021 2020
f'000 f'000
As at 1 August 155 185
Unwinding
ofdiscount factor		 1
Deficit contributions paid (36) (32)
Re-measurements
Re-measurements		 —impact ofany
—amendments		 change
in the assumptions
to the contributions
schedule		 ~44 1
As at 31August/31
July		 75 155
The impact of income and expenditure during the year was as follows:
Group and School
2021 2020
f'000 f'000
Interest expense
Remeasurements
Remeasurements		 —impact of any
—amendments		 change
in the assumptions
to the contributions
schedule		 ~44
~44		 2

he effect on the Statem ent
of Finan		 cial
Activities for		 the Year to 31 July 2020 is as foll
Total Total
As Orginally Adjustment Restated
Reported
Year
2020
f'000
Income from:
Charitable
activities:
School fees receivable 21,726 (297) 2'1,429
Ancillary
trading
income		 683 683
The North Wall Trust 232 232
Other trading activities:
Letting ofSchool facilities 329 329
Other activities 228 228
Job Retention Scheme Grant: 1,152 1,152
Investments:
Investment
income		 167 167
Bank interest 81 81
Voluntary sources:
Donations
and legacies		 347 347
Total income: 24,945 297 24,648
Expenditure
on:
Charitable
activities:
Education
of pupils		 22,130 22,130
The North
Wall Trust		 443 443
Other trading activities:
Letting ofSchool facilities 40 40
Investments:
Financing
costs		 413 413
Voluntary sources:
Fund raising
& Investment		 201 201
Management
Total expenditure: 23,227 23,227
Net income for the year before 1,718 (297) 1,421
transfers
and investment
gains
Gains I(Losses) on investments 283 283
Net income for the year 1,435 (297) 1,138
Transfers
between
funds
Losses on revaluation of (10,775) (10,775)
property
Net movement
in funds		 9,340 297 9,637

The effect on the B alance S heet as at 3 1 July 2020 is as follows:
Group Group Group School School School
2020 2020 2020 2020 2020 2020
As Adjustment Restated As Adjustment Restated
originally originally
presented presented
8'000 8'000 f'000 K'000 8'000 K'000
Fixed assets
Tangible assets 97,931 97,931 97,931 97,931
Investments
in securities		 5 122 5 122 5,122 5 122
103,053 103,053 103,053 103,053
Current assets
Stocks 23 23 23 23
Debtors 495 495 486 486
Investments
cash
deposits
Cash
in hand and		 at 8,991 8,991 8,884 8,884
bank
9,509 9,509 9,393 9,393
Current
liabilities
Creditors
payable		 within (4,721) (297) (5,018) (4,833) (297) (5,130)
one year
Net current 4,788 (297) 4,491 4,560 (297) 4,263
assets/(liabilities)
Total assets less 107,841 (297) 107,544 107,613 (297) 107,316
current liabilities
Creditors: Amounts (37,699) (37,699) (37,699) (37,699)
falling due
after more than one year
Provisions
for		 (155) (155) (155) (155)
liabilities
and charges
Net assets 69,987 297) 69,690 69,759 (297) 69,462

Profit and Loss Account Profit and Loss Account Profit and Loss Account 2021 2020
6'000 6'000
Revenue 106
Cost ofsales (6)
Gross Profit 100
Administrative
Expenses		 (8)
Profit I(Loss) before taxation (8) 100
Taxation
Profit I(Loss) after taxation being profit for the period (8) 100
Retained
Profit brought		 forward 100
Profit I(Loss) for the period (8) 100
Gift Aid Payment to Parent Charity (100)
Retained
Profit I		 (Loss) at end of period (8) 100
As at As at
Balance Sheet 31 August 31July
2021 2020
6 f
Current assets
Debtors
Amounts
owing
by Parent company
Cash in hand and at bank 100
Net current assets 1 106
Current
liabilities
Creditors
payable
within one year
Amounts
owing to Parent company		 ~9 ~6
Net assets (8) 100
Represented
by:
Share capital
Unrestricted
funds		 100
(8) 100

Statement of Financial Statement of Financial Activities Activities Unrestricted Restricted Total Total
Funds Funds Funds Funds
2021 2020
(Year)
000 8'000 8'000 8'000
Income:
Donations 310 310 362
Income from charitable activities 67 67 156
Total income 377 377 518
Expenditure
Cost of raising funds
Expenditure
on charitable		 activities 400 32 432 443
Total expenditure 400 32 432 443
Net income/(expenditure) (23 32 55
Net movement
in funds		 (23) (32) (55) 75
Reconciliation
offunds:
Total funds brought forward 45 77 122 47
Total funds carried forward 22 45 67 122

he North Wall he North Wall Trust (continued)
Balance Sheet 2021 2020
8'000 6000
Current assets
Debtors 58 131
Cash at bank and in hand 34 7
Total current assets
Creditors
falling due within one year		 92
~25		 138
~16
Net assets 67 122
Represented by
Unrestricted income funds 22 45
Restricted income funds 45 77
Total funds 67 122

Unrestricted Restricted Endowment Total
Funds Funds
2020 2020 2020 2020
f'000 f'000 f'000 f'000
Income from:
Charitable
activities:
School fees receivable 21,429 21,429
Ancillary
trading
income		 683 683
The North Wall Trust 156 76 232
Other trading activities:
Letting of School facilities 329 329
Other activities 228 228
Job Retention Scheme Grant: 1,152 1,152
investments:
Investment
income		 86 167
Bank interest 81 81
Voluntary sources:
Donations
and legacies		 240 107 347
Total income: 24,384 264 24,648
Expenditure
on:
Charitable
activities:
Education
of pupils		 22,095 35 22,130
The North Wall Trust 443 443
Other trading activities:
Letting ofSchool facilities 40 40
investments:
Financing costs 413 413
Voluntary sources:
Fund raising 201 201
Total expenditure: 23,192 35 23,227
Net income for the year before 1,421
transfers
and investment		 gains 1,192 229
Losses on investments 143 140 (283) (283)
Net income for the year 1,049 89 1,138
Transfers
between
funds		 17 (17)
Losses on revaluation of (10,775)
property 10,775
Net movement
in funds		 (9,709) 72 (9,637)
Fund balances at 1 August 75,001 3,984 79,327
Fund balances at 31 July 18 65,292 4,056 69,690