##
##
##
##
##
|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|