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|`Registeredandprincipaloffice`|`WellsCathedralSchoolLimited`|`WellsCathedralSchoolLimited`|
|---|---|---|
||`CollegeRoad`||
||`Wells`||
||`Somerset`||
||`BA52SX`||
|`Bankers`|`NationalWestminsterBankPLC`||
||`7HighStreet`||
||`Wells`||
||`Somerset`||
||`BA52AD`||
|`Solicitors`|`HarrisandHarris`||
||`DiocesanRegistry`||
||`14MarketPlace`||
||`Wells`||
||`Somerset`||
||`BA52RE`||
||`BurgesSalmonLLP`||
||`OneGlassWharf`||
||`Bristol`||
||`BS2OZX`||
|`InsuranceBrokers`|`HettleAndrews& `|<br>`AssociatesLtd`|
||`ElevenBrindleyplace`||
||`2BrunswickSquare`||
||`Birmingham`||
||`B12LP`||
|`IndependentAuditor`|`CroweU.K.LLP`||
||`CarrickHouse`||
||`LypiattRoad`||
||`Cheltenham`||
||`GL502QJ`||
|`CompanySecretary`|`MrPeterKnell`||
||`WellsCathedralSchoolLimited`||
||`CollegeRoad`||
||`Wells`||
||`Somerset`||
||`BA52SX`||
|`ConnectedCharity`|`WellsCathedralSchoolFoundationLimited`||
||`CollegeRoad`||
||`Wells`||
||`Somerset`||
||`BA52SX`||





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|`surplusof£916k(2019:surplusof£523lc).`|||
|---|---|---|
|`Theconsolidatedactivitiesaresummarisedbelow:`|`2020`|`2019`|
||`£000`|`£000`|
|`Incomefromcharitableactivities`|||
|`(charitableactivitiesperSOFAplustheSchoolbursariesanddiscounts)`|`19,295`|`18,684`|
|`OperatingcostsofSchool`|||
|`Schoolbursariesanddiscounts`|`(4,344)`|`(3,292)`|
|`Expenditureoncharitableactivities(excludingdepreciation)`|`(13,476)`|`(14,335)`|
|`OperatingsurplusoftheSchool`|`1,475`|`1,057`|
|`Less:`|||
|`Depreciation`|`(545)`|`(520)`|
|`Premises- nonrecurringprojects`|`(14)`|`(14)`|
|`Netoperatingsurplus`|`916`|`523`|
|`Incomefromgeneratedfunds`|`390`|`377`|
|`Realised(loss)/gainoninvestments`|`(34)`|`33`|
|`Costofgeneratingfunds`|`(401)`|`(317)`|
|`Costofcharitableactivitiesnotpartofoperatingcosts`|`(74)`|`(64)`|
|`NetincomeinSOFA`|`797`|`552`|





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## 

||`Numberof`<br>`pupils`|`Numberof`<br>`pupils`|`Value`<br>`fOOO`|`Value`<br>`£000`|`%`<br>`of`<br>`grossfee`|`%`<br>`ofgross`<br>`feeincome`|`%`<br>`ofgross`<br>`feeincome`|
|---|---|---|---|---|---|---|---|
||||||`income`|||
||`2020`|`2019`|`2020`|`2019`|`2020`||`2019`|
|`Schoolbursaries`|`262`|`224`|`1,125`|`1,196`|`6.39%`||`6.80%`|
|`BursariesfromtheFoundation`|`6`|`2`|`48`|`61`|`0.27%`||`0.34%`|
|`MusicandDanceScheme`|`80`|`80`|`919`|`929`|`5.22%`||`5.28%`|
|`Scholarships`|`155`|`137`|`304`|`269`|`1.73%`||`1.53%`|
|`Valueof`<br>`feereductionsprovidedtochildren`||||||||
|`of:`||||||||
|`MembersoftheclergyoftheChurchof`<br>`England`|||`19`|`18`|`0.11%`||`0.10%`|
|`Membersofthearmedforces`|||`22`|`35`|`0.13%`||`0.20%`|
|`FormerpupilsoftheSchool`|||`24`|`24`|`0.14%`||`0.14%`|
|`ParentswithmorethanonechildattheSchool`|||`142`|`154`|`0.81%`||`0.87%`|
|`EmployeesoftheSchool`|||`568`|`582`|`3.23%`||`3.31%`|
|`Childrenofex-choristersoftheSchool`|||`21`|`22`|`0.12%`||`0.13%`|
|`Total`|||`3,192`|`3,290`|`18.14%`||`20.72%`|





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## 



Wells Cathedral School Limited (limited by guarantee) Independent Auditor's Report Year Ended 31 July 2020 

Independent Auditor's Report to the Members of Wells Cathedral School Limited _**(continued)**_ 

## _**Use of our report**_ 

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. 


GuyBiggin 

Senior Statntory Auditor 

For and on behalf of 

Crowe U.K. LLP 

Statntory Auditor 

Cheltenham 

**Date: 5 February 2021** 

23 



|||`Endowment`|`Endowment`|`Restricted`|`Unrestricted`|`Designated`|`Total`|`Total`|
|---|---|---|---|---|---|---|---|---|
||`Note`||||||||
|||`funds`||`funds`|`revenue`|`Assetfunds`|`2020`|`2019`|
|||`£000`||`£000`|`£000`||`£000`|`£000`|
|||||||`£000`|||
|`INCOMEFROM:`|||||||||
|`Charitableactivities:`|||||||||
|`Feesreceivable`|`3`||`-`|`-`|`13,462`|`-`|`13,462`|`14,306`|
|`Othereducational`|||||||||
||`4`||`-`|`-`|`1,342`||`1,342`|`822`|
|`income`|||||||||
|`Otherancillary`<br>`tradingincome`|`^`||`-`|`-`|`145`|`-`|`145`|`264`|
|`Donations& `|`^`||||||||
||||`4`|`203`|`-`|`-`|`207`|`255`|
|`legacies`|||||||||
|`Othertrading`|`^`||`-`|`-`|`161`|`-`|`161`|`132`|
|`activities`|||||||||
|`Incomefrom`|`^`||||||||
|||||`23`|`1`|||`22`|
|`investments`|||||||`24`||
|`TotalIncome`|||`4`|`226`|`15,111`||`15,341`|`15,801`|
|||||||`-`|||
|`EXPENDITUREON:`|||||||||
|`Raisingfunds`|`7`||`-`|`-`|`(401)`|`-`|`(401)`|`(317)`|
|`Charitable`|`^`||||||||
||||`-`|`(153)`|`(13,488)`|`(468)`|`(14,109)`|`(14,965)`|
|`activities`|||||||||
|`TotalExpenditure`|||`-`|`(153)`|`(13,889)`|`(468)`|`(14,510)`|`(15,282)`|
|`(Loss)/gainon`<br>`investments`||`(34)`||`-`|`-`|`-`|`(34)`|`33`|
|`Netincome/(expendlture)`||`(30)`||`73`|`1,220`|`(468)`|`797`|`552`|
|`Transfersbetween`|||||||||
|`r>`<br>`1`<br>`tiinds`|`/`||`-`|`10`|`(926)`|`916`|`-`|`-`|
|`Netmovementinfunds`||`(30)`||`83`|`296`|`448`|`797`|`552`|
|`Fundbalances`|||||||||
|`broughtforwardat] 18,19,20`||`886`||`3,882`|`(5,001)`|`18,721`|`18,488`|`17,936`|
|`1August`|||||||||
|`Fundbalances`|||||||||
|`carriedforwardat18.19.20`||`856`||`3,965`|`(4,705)`|`19,169`|`19,285`|`18,488`|
|`31July`|||||||||





## 

## 

||`Note`|`2020`||`2019`||
|---|---|---|---|---|---|
|||`£000`|`£000`|`£000`|`£000`|
|`Fixedassets`||||||
|`Tangibleassets`|`12`||`23,061`||`23,369`|
|`Investments`|`13`||`879`||`886`|
|`Currentassets`||||||
|`Propertiesheldforsale`|`12`|||`520`||
|`Stocks`|`14`|`13`||`9`||
|`Debtors`|`15`|`1,207`||`1,171`||
|`Cashatbankandinhand`|`25`|`966`||`264`||
|`Totalcurrentassets`||`2,186`||`1,964`||
|`Creditors:amountsfallingduewithinone`|`16`|`(3,791)`||`(3,971)`||
|`year`||||||
|`Netcurrentliabilities`|||`(1,605)`||`(2,007)`|
|`Totalassetslesscurrentliabilities`|||`22,335`||`22,248`|
|`Creditors:amountsfallingdueaftermore`<br>`thanoneyear`|`17`||`(3,050)`||`(3,760)`|
|`Netassets`|||`19,285`||`18,488`|
|`Thefundsofthegroup`||||||
|`Endowmentfunds`|`18`||`856`||`886`|
|`Restrictedfimds`|`19`||`3,965`||`3,882`|
|`Unrestrictedfunds:`||||||
|`Revenuefund`||`(4,705)`||`(5,001)`||
|`Designatedassetfund`|`20`|`19,169`||`18,721`||
|`Totalunrestrictedfunds`|||`14,464`||`13,720`|
|`Totalfunds`|||`19,285`||`18,488`|



## 



## 

|`choolBalanceSheet`<br>`sat31July2020CompanyNumber564883`||||||
|---|---|---|---|---|---|
||`Note`|`2020`||`2019`||
|||`£000`|`£000`|`£000`|`£000`|
|`Fixedassets`||||||
|`Tangibleassets`|`12`||`23,061`||`23,369`|
|`Currentassets`||||||
|`Propertiesheldforsale`|`12`|`-`||`520`||
|`Stocks`|`14`|`13`||`9`||
|`Debtors`|`15`|`1,121`||`1,167`||
|`Cashatbankandinhand`|`25`|`674`||`5`||
|`Totalcurrentassets`||`1,808`||`1,701`||
|`Creditors:amountsfallingduewithinoneyear`|`16`|`(3,788)`||`(3,968)`||
|`Netcurrentliabilities`|||`(1,980)`||`(2,267)`|
|`Totalassetslesscurrentliabilities`|||`21,081`||`21,102`|
|`Creditors:amountsfallingdueaftermorethan`|`jy`||`(3,050)`||`(3,760)`|
|`oneyear`||||||
|`Netassets`|||`18,031`||`17,342`|
|`ThefundsoftheSchool`||||||
|`Endowmentfunds`|`18`|||||
|`Restrictedfunds`|`19`||`3,569`||`3,640`|
|`Unrestrictedfunds:`||||||
|`Revenuefund`||`(4,707)`||`(5,008)`||
|`Designatedassetfund`|`20`|`19,169`||`18,710`||
|`Totalunrestrictedfunds`|||`14,462`||`13,702`|
|`Totalcharityfunds`|||`18,031`||`17,342`|






|`ConsolidatedStatementofCashFlows`||||||
|---|---|---|---|---|---|
|`FortheyearendedSIJuly2020`||||||
||`Note`|`2020`||`2019`||
|||`£000`|`£000`|`£000`|`£000`|
|`Netcashprovidedbyoperatingactivities`|`24`||`1,307`||`1,548`|
|`Cashflowsfrominvestingactivities:`||||||
|`Incomereceivedfrominvestments`|`13`|`23`||`20`||
|`Proceedsfromsaleofinvestments`|`IS`|`240`||`83`||
|`Purchaseoftangiblefixedassets`|`12`|`(237)`||`(334)`||
|`Saleofproperty`||`520`||||
|`Purchaseofinvestments`|`IS`|`(262)`||`(134)`||
|`Netcashusedininvestingactivities`|||`284`||`(365)`|
|`Cashflowsfromfinancingactivities:`||||||
|`(Repayment)/receiptsofbankloans`|`26`|`(673)`||`(201)`||
|`Paymentofinterest`|`11`|`(64)`||`(85)`||
|`Netcashusedbyfinancingactivities`|||`(737)`||`(286)`|
|`Changeincashandcashequivalentsinthereportingperiod`|`25,26`||`854`||`897`|
|`Cashandcashequivalentsatthebeginningofthereporting`<br>`period`|||`85`||`(812)`|
|`Cashandcashequivalentsattheendofthereportingperiod`|||`939`||`85`|
|`Cashandcashequivalents`||||||
|`Cashatbankandinhand`|`25`|`966`||`264`||
|`Cashheldbyinvestmentmanager`|`13`|`(27)`||`(27)`||
|`Overdraft`||||`(152)`||
|||`939`||`85`||





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## 

|`3`|`FeesReceivable`|||
|---|---|---|---|
|||`2020`|`2019`|
|||`£000`|`£000`|
||`Feesreceivableconsistof:`|||
||`Tuitionandboardingfees`|`15,974`|`15,840`|
||`Musictuitionfees`|`1,832`|`1,758`|
||`Totalfees`|`17,806`|`17,598`|
||`Less:DfECap- Tuitionandboardingfees`|`(919)`|`(929)`|
||`Bursaries,scholarshipsandotherdiscounts`|`(2,225)`|`(2,363)`|
||`Covid19relateddiscounts`|`(1,200)`|`-`|
|||`13,462`|`14,306`|



## 

||`2020`|`2019`|
|---|---|---|
||`£000`|`£000`|
|`Othereducationalincome:`|||
|`Schoolactivities`|`417`|`559`|
|`Extratuition`|`150`|`212`|
|`WellsMusicCollegeincome`|`14`|`13`|
|`Registrationandauditionfees`|`28`|`34`|
|`Otherincome`|`42`|`4`|
|`Covid19relatedincome`|`691`||
||`1,342`|`822`|



||`2020`|`2019`|
|---|---|---|
||`£000`|`£000`|
|`Otherancillarytradingincome:`|||
|`Busserviceforpupils`|`45`|`60`|
|`Concertincome`|`16`|`34`|
|`Otherincome`|`84`|`170`|
||`145`|`264`|





## 

|||`Group`|||`School`||
|---|---|---|---|---|---|---|
||`2020`||`2019`|`2020`||`2019`|
||`£000`||`£000`|`£000`||`£000`|
|`Restricted/Endowed:`|||||||
|`Donations:`|||||||
|`Donations(restricted)`|`193`||`221`|`74`||`92`|
|`Donations(endowed)`|`4`||`27`||||
|`DonationsforSierraLeone`|||||||
|`DonationstoMusic`|`10`||`5`|`10`|||
|`DonationsforOutreach`|||`2`||||
||`207`||`255`|`84`||`99`|



|||`2020`|`2019`||
|---|---|---|---|---|
|||`£000`|`£000`||
|`Othertradingactivities:`|||||
|`Lettings`||`27`|`119`||
|`Hireoffacilities`||`10`|`11`||
|`Functions/concertincome`||`93`|`145`||
|`Solarpanels`||`15`|`32`||
|`Rental`||`6`|||
|`Surplusonfixedassetdisposals`||`10`|`(175)`||
|||`161`|`132`||
|`IncomefromInvestments`|||||
|||`Group`|`School`||
||`2020`|<br>`2019`|`2020`|`2019`|
||`£000`|<br>`£000`|`£000`|`£000`|
|`Interestfromshort-termdeposits`|`1`|`2`|`1`|`2`|
|`Incomeearnedonendowmentfundstransferredto`|||||
|`restrictedfunds`|`23`||||
|`Incomeearnedonendowmentfunds`||`20`|||
||`24`|`22`|||





## 

|`Expenditure`||||||
|---|---|---|---|---|---|
||`Staffcosts`|`Other`|`Depreciation`|`Total`|`Total`|
|||||`2020`|`2019`|
||`£000`|`£000`|`£000`|`£000`|`£000`|
|`Expenditureonraisingfunds:`||||||
|`Fundraisingtradingcosts`|`192`|`150`||`342`|`270`|
|`Fundraisingforvoluntarycosts`|`31`|`28`||`59`|`47`|
|`Totalexpenditureonraisingfunds`|`223`|`178`||`401`|`317`|
|`Expenditureoncharitableactivities:`||||||
|`Teachingcosts`|`6,343`|`261`|`75`|`6,679`|`6,789`|
|`Welfarecosts`|`651`|`160`||`811`|`839`|
|`Premises- general`|`1,306`|`1,488`|`470`|`3,264`|`3,385`|
|`-nonrecurringprojects`||`14`||`14`|`14`|
|`Supportcosts`|`1,734`|`1,084`||`2,818`|`3,257`|
|`Schoolactivities`||`417`||`417`|`559`|
|`Ancillarytrading`|`45`|`61`||`106`|`122`|
|`Totalexpenditureoncharitable`<br>`activities`|`10,079`|`3,485`|`545`|`14,109`|`14,965`|
|`Totalexpenditure`|`10.302`|`3.663`|`545`|`14.510`|`15.282`|
|`Supportcosts`||||||



||||||`Costsof`|`Other`|||
|---|---|---|---|---|---|---|---|---|
||||||`generating`|`charitable`|`Total`|`Total`|
||||||`funds`|`activities`|`2020`|`2019`|
||||||`£000`|`£000`|`£000`|`£000`|
|`Staffcosts`|||||`223`|`1,734`|`1,957`|`1,891`|
|`Other`|`supportcosts:`||||||||
|`Staffexpenses/development`|||||`1`|`79`|`80`|`126`|
|`Office`|||||`166`|`743`|`909`|`1,101`|
|`Professionaladvice`|||||`7`|`165`|`172`|`217`|
|`Financecosts`||||||`82`|`82`|`114`|
|`Servicesprovided`||`bytheSchool'sauditor:`|||||||
|`Fees`|`payable`|`for`|`the`|`audit(including`|||||
|`Foundation)`||||||`14`|`14`|`26`|
||`-`|`Audit`|`additionalcosts`||||||
||`-`|`Teachers'PensionCertificate`||||`1`|`1`|`1`|
||`-`|`CompaniesinHongKong`||||`4`|`4`|`6`|
||||||`397`|`2.822`|`3.219`|`3.482`|





## 

## 

|||`Numberofemployees`|`Numberofemployees`|
|---|---|---|---|
|||`2020`|`2019`|
|`Teachingstaff`||`167`|`176`|
|`Non-teachingstaff`||`222`|`216`|
|||`389`|`392`|
|`Theaggregatepayiollcostsofthesepersonswereasfollows:`||||
|||`2020`|`2019`|
|||`£000`|`£000`|
|`Wagesandsalaries`||`8,366`|`8,476`|
|`Socialsecuritycosts`||`708`|`717`|
|`Pensioncosts(seenote23)`||`1,228`|`915`|
|||`10,302`|`10,108`|
|`Thenumberofemployeesearninginexcessof£60,000perannum:`||||
|||`Numberofemployees`||
|||`2020`|`2019`|
|`£150,001`|`-£160,000`|||
|`£140,001`|`-£150,000`|||
|`£130,001`|`-£140,000`|||
|`£120,001`|`-£130,000`|||
|`£110,001`|`-£120,000`|||
|`£100,001`|`-£110,000`|||
|`£90,001-`<br>`£100,000`||||
|`£80,001-`|`£90,000`|||
|`£70,001-`|`£80,000`|||
|`£60,001-`|`£70,000`|||





## 

|||`2020`|`2019`|
|---|---|---|---|
|||`£000`|`£000`|
|`Netmcome/(expenditure)beforetransfersisstatedaftercharging:`||||
|`ServicesprovidedbytheSchoorsauditor:`||||
|`Auditfees`|`-School`|`12`|`22`|
||`-Foundation`|`2`|`2`|
||`-HongKong`|`4`|`5`|
|`Otherservices- MusicandDanceSchemegrantaudit`||`1`|`1`|
||`-TeachersPensioncertificateaudit`|`1`|`1`|
||`-Non-auditfees(HongKong)`|`-`|`6`|
|`Rentalspayableunderoperatingleases`||||
||`-landandbuildings`|`58`|`58`|
||`-other`|`135`|`132`|
|`Depreciation`|`-ownedassets`|`520`|`495`|
||`-leasedassets`|`25`|`25`|



||`2020`|`2019`|
|---|---|---|
||`£000`|`£000`|
|`Interestonbankloansandoverdraft`|`64`|`85`|





|`2`<br>`Tangi`|`bleFixedAs`|`sets`||||||
|---|---|---|---|---|---|---|---|
||`Freehold`|`Assetsinthe`|`Leasehold`|`Information`|`Fixtures,`|`Motor`|`Total`|
||`landand`|`courseof`|`landand`|`computer`|`Fittings,`|`vehicles`||
|`Groupand`|`buildings`|`construction`|`building`|`technology`|`musical`|||
|`School`|||||`instruments`|||
||||||`and`|||
||||||`machinery`|||
||`£000`|`£000`|`£000`|`£000`|`£000`|`£000`|`£000`|
|`Cost`||||||||
|`At1 August`|`24,114`|`62`|`1,571`|`546`|`2,682`|`59`|`29,034`|
|`Additions`|`88`|||`15`|`134`||`237`|
|`Transfer`|`10`|`(10)`||||||
|`Disposals`|||||`(2)`||`(2)`|
|`At31July`|`24,212`|`52`|`1,571`|`561`|`2,814`|`59`|`29,269`|
|`Accumulated`||||||||
|`Depreciation`||||||||
|`At1 August`|`2,530`||`832`|`460`|`1,796`|`47`|`5,665`|
|`Chargeforyear`|`298`||`25`|`23`|`196`||`545`|
|`Disposals`|||||`(2)`||`(2)`|
|`At31July`|`2,828`||`857`|`483`|`1,990`|`50`|`6,208`|
|`>letbookvalue`||||||||
||`21,384`|`52`|`714`|`78`|`824`|`9`|`23,061`|
|`At31July2020`||||||||
|`At31July2019`|`21,584`|`62`|`739`|`86`|`886`|`12`|`23,369`|






||`2020`|`2019`|
|---|---|---|
||`£000`|`£000`|
|`Investmentmanagementportfolio`|`879`|`886`|
||`879`|`886`|



|||`Group`||`School`|
|---|---|---|---|---|
||`2020`|`2019`|`2020`|`2019`|
|`GroupandSchool`|||||
||`£000`|`£000`|`£000`|`£000`|
|`Investmentsatvaluation`|||||
|`At1 August`|`886`|`807`|`-`|`414`|
|`Additionsatcost`|`262`|`134`|`-`|`-`|
|`Disposalproceeds(includesinterest)`|`(263)`|`(83)`|`-`|`-`|
|`AddtransfersfromSchool`|`-`|`-`|`-`|`(414)`|
|`Cashheldforre-investment`|`27`|`20`|`-`|`-`|
|`Netgain/(loss)oninvestments`|`(34)`|`33`|`-`|`-`|
||`878`|`911`|`_`|`_`|
|`Increase/(decrease)incashforreinvestment`|`1`|`(25)`|`-`|`-`|
|`At31July`|`879`|`886`|`_`|`_`|





## 

||`Group`|`Group`|`School`|`School`|
|---|---|---|---|---|
||`2020`|`2019`|`2020`|`2019`|
||`£000`|`£000`|`£000`|`£000`|
|`Tradedebtors- amountsduefromparents`|`501`|`653`|`501`|`653`|
|`Otherdebtors`|`339`|`329`|`339`|`329`|
|`Prepayments`|`367`|`189`|`281`|`185`|
||`1,207`|`1,171`|`1,121`|`1,167`|
|`16`<br>`Creditors:amountsfallingduewithinoneyear`|||||
|||`Group`||`School`|
||`2020`|`2019`|`2020`|`2019`|
||`£000`|`£000`|`£000`|`£000`|
|`Bankloansandoverdrafts`|`202`|`352`|`202`|`352`|
|`Feesreceivedinadvance`|`154`|`348`|`154`|`348`|
|`Pupildeposits`|`2,184`|`2,316`|`2,184`|`2,316`|
|`Tradecreditors`|`3`|`9`|`3`|`9`|
|`Taxationandsocialsecurity`|`807`|`186`|`807`|`186`|
|`Financelease`|`7`|`9`|`7`|`9`|
|`Othercreditors`|`143`|`169`|`143`|`169`|
|`Accrualsanddeferredincome`|`291`|`582`|`288`|`579`|
||`3,791`|`3,971`|`3,788`|`3,968`|



## 

|`GroupandSchool`|||
|---|---|---|
||`2020`|`2019`|
||`£000`|`£000`|
|`At1 August`|`395`|`443`|
|`Newcontracts`|`68`|`257`|
|`AmountsutilisedinpaymentoffeestotheSchool`|`(294)`|`(305)`|
|`At31July`|`169`|`395`|





||`2020`|`2019`|
|---|---|---|
||`£000`|`£000`|
|`Feesinadvance- agedbreakdownoffees:`|||
|`Feesfallingduewithin:`|||
|`1year`|`154`|`343`|
|`1- 2 years`|`15`|`47`|
||`169`|`395`|



## 

||`2020`|`2019`|
|---|---|---|
|`GroupandSchool:`|||
|`Bankloans`|`3,034`|`3,713`|
|`Feesreceivedinadvance`|`16`|`47`|
||`3,050`|`3,760`|



## 

||`2020`|`2019`|
|---|---|---|
||`£000`|`£000`|
|`Within:`|||
|`1year`|`202`|`1,070`|
|`1-2years`|`299`|`217`|
|`2— 5 years`|`896`|`652`|
|`After5 years`|`1,839`|`1,972`|
||`3,236`|`3,911`|






|||`Alan`||||`Ashley`|||
|---|---|---|---|---|---|---|---|---|
|`Group`|`Chandler`|`Quilter`|`Dulverton`|`Carnegie`|`Vanderveli`|`Jones`|`Bursary`|`Group`|
||`fund`|`fund`|`fund`|`fund`|`fund`|`fund`|`fund`|`Total`|
||`£000`|`£000`|`£000`|`£000`|`£000`|`£000`|`£000`|`£000`|
|`AtI August`|`80`|`6`|`40`|`25`|`249`|`14`|`472`|`886`|
|`2019`|||||||||
|`Additions`|`-`|`-`|`-`|`-`|`-`|`-`|`4`|`4`|
|`Interest`|`-`|`-`|`-`|`-`|`-`|`-`|`-`|`-`|
|`Losson`|||||||`(34)`|`(34)`|
|`Investments`|||||||||
|`At31July2020`|`80`|`6`|`40`|`25`|`249`|`14`|`442`|`856`|



## 

|`Group`|`Chandler`|`Alan`|`Duiverton`|`Carnegie`|`Vandervell`|`Ashley`|`Bursary`|`Group`|
|---|---|---|---|---|---|---|---|---|
||`fund`|`Quiiter`|`fund`|`fund`|`fund`|`Jones`|`fund`|`Total`|
|||`fund`||||`fund`|`£000`|`£000`|
||`£000`|`£000`|`£000`|`£000`|`£000`|`£000`|||
|`At1 August`|`80`||`40`|`25`|`249`|`14`|`393`|`807`|
|`2018`|||||||||
|`Additions`|||||||`26`|`26`|
|`Interest`|||||||`20`|`20`|
|`Gain/ (loss)on`|||||||`33`|`33`|
|`iiivestmenls`|||||||||
|`At31July2019`|`80`||`40`|`25`|`249`|`14`|`472`|`886`|





## 

|`GroupandSchool`|`Project`|`Bursary`|`Capital`|`Other`|`School`|`Foundation`|`Group`|`Group`|
|---|---|---|---|---|---|---|---|---|
||`fund`|`fund`|`fund`|`fund`|`2020`|`2020`|`2020`|`2019`|
||`£000`|`£000`|`£000`|`£000`|`£000`|`£000`|`£000`|`£000`|
|`Donationsandother`|||||||||
|`receipts`|`-`|`-`|`10`|`-`|`10`|`193`|`226`|`228`|
|`Bankandotherinterest`|||||||||
|`received`||||||`23`|||
|`Expenditure`|||`(77)`||`(77)`|`(76)`|`(153)`|`(148)`|
|`Consolidation`|||||||||
|`adjustment`|`(14)`|`-`||`-`|`(14)`|`14`|||
|`(Deficit)/surplusforyear`|`(14)`|`-`|`(67)`|`-`|`(81)`|`154`|`73`|`80`|
|`Transfersbetweenfunds`|||`10`||`10`||`10`|`(57)`|
|`At1 August`|`88`|`27`|`3,185`|`340`|`3,640`|`242`|`3,882`|`3,859`|
|`At31July`|`74`|`27`|`3,128`|`340`|`3,569`|`396`|`3,965`|`3,882`|



||`2020`|`2019`|
|---|---|---|
||`£000`|`£000`|
|`Transfertorevenuefund,fundsheldintheFoundationrelatedtotheCedarsfield`|||
|`development.`||`22`|
|`Transferfromdesignatedassetfundtocapitalrestrictedfundre:musicalinstrumentsfunded`<br>`byFriendsofMusic.`|`10`|`(5)`|
|`TransfertorevenuefundinrespectofrestrictedbursariesfromtheFoundation`||`35`|
|`Transfertodesignatedassetfundinrespectofaggregatedfundsrelatedtofundsfromthe`||`5`|
|`FoundationandOutreach.`|||
||`10`|`57`|





## 

|`GroupandSchool`|`Project`|`Bursary`|`Capital`|`Other`|<br>`SchoolFoun`|<br>`SchoolFoun`|`dation`|`Group`||
|---|---|---|---|---|---|---|---|---|---|
||`fund`|`fund`|`fund`|`fund`|<br>`2019`||`2019`|`2019`||
||`£000`|`£000`|`£000`||`£000`|||||
|||||`£000`|||`£000`|||
|`Donationsandother`||||||||||
|||`60`||`25`||`92`|`136`|`228`||
|`receipts`||||||||||
|`Bankandotherinterest`||||||||||
|`received`||||||||||
|`Expenditure`|||`(83)`||`(83)`||`(65)`|`(148)`||
|`Consolidationadjustment`||||||`5`|`(5)`|||
|`(Deficit)/surpiusforyear`||`60`|`(78)`|`30`||`14`|`66`|`80`||
|`Transfersbetweenfunds`||`(35)`|<br>`(22)`||`(57)`|||`(57)`||
|`At1 August`|`86`|`2`|`3,285`|`310`|<br>`3,683`||`176`|`3,859`||
|`At31July`|`88`|`27`|<br>`3,185`|`340`|<br>`3,640`||`242`|`3,882`||
|`20`<br>`Designated`|`AssetFunds`|||||||||
|||||||`Group`||`School`||
||||||`2020`|<br>`2019`||`2020`|`2019`|
|||||`£000`||<br>`£000`||`£000`|`£000`|
|`Atbeginningofyear`||||`18,721`||`18,803`||`18,721`|`18,792`|
|`Schooloperatingcosts(depreciation)`||||`(468)`||`(436)`||`(468)`|`(436)`|
|`Transfersbetweenfunds`|||||`916`||`354`|`916`|`354`|
|`Atendofyear`||||`19,169`||`18,721`||`19,169`|`18,710`|





||`2020`|`2019`|
|---|---|---|
||`£000`|`£000`|
|`Reductionintheloanssecuredagainsttheassetsinthefund`|`679`|`200`|
|`Unrestrictedadditionstofixedassets`|`237`|`334`|
|`Lessnetbookvalueofpropertysale`|`10`|`(175)`|
|`LessfixedassetsfundedbytheFriendsofMusic`|`(10)`|`(5)`|
|`Total`|`916`|`354`|



## 

|||`Group`||`School`||
|---|---|---|---|---|---|
||`2019`||`2018`|`2019`|`2018`|
||`£000`||`£000`|`£000`|`£000`|
|`Atbeginningofyear`|`18,803`||`18,742`|`18,792`|`18,731`|
|`Schooloperatingcosts(depreciation)`|`(436)`||`(455)`|`(436)`|`(455)`|
|`Transfersbetweenfunds`|`354`||`516`|`354`|`516`|
|`Atendofyear`|`18,721`||`18,803`|`18,710`|`18,792`|
|`21`<br>`FinancialInstruments`||||||



|||`Group`||`School`|
|---|---|---|---|---|
||`2020`|`2019`|`2020`|`2019`|
||`£000`|`£000`|`£000`|`£000`|
|`Debtors`|`501`|`653`|`501`|`653`|
|`Bankandcash`|`966`|`264`|`674`|`5`|
|`Otherreceivables`|`339`|`329`|`339`|`329`|
||`1,806`|`1,246`|`1,514`|`987`|





||`Group`|||`School`|
|---|---|---|---|---|
||`2019`|`2019`|`2019`|`2019`|
||`£000`|`£000`|`£000`|`£000`|
|`Bankloansandoverdraft`|`3,237`|`4,065`|`3,237`|`4,065`|
|`Tradecreditors`|`3`|`9`|`3`|`9`|
|`Pupils'deposits`|`2,184`|`2,316`|`2,184`|`2,316`|
|`Accruals`|`192`|`307`|`189`|`304`|
|`Othercreditors`|`ISO`|`178`|`150`|`178`|
||`5,766`|`6,875`|`5,763`|`6,872`|



||`Group`||
|---|---|---|
||`2020`|`2019`|
||`£000`|`£000`|
|`Investments`|`879`|`886`|



## 

## 

## 

|`GroupandSchool`|`2020`||`2019`||
|---|---|---|---|---|
||`Landand`<br>`buildings`|`Other`|`Landand`<br>`buildings`|`Other`|
||`£000`|`£000`|`£000`|`£000`|
|`Operatingleasescommitments:`|||||
|`Inlessthanoneyear`|`58`|`136`|`58`|`132`|
|`Inthesecondtofifthyearsinclusive`|`82`|`156`|`140`|`264`|
||`140`|`292`|`198`|`396`|






## 

## 

||`2020`|`2019`|
|---|---|---|
||`Landand`|`Landand`|
||`buildings`|`buildings`|
||`£000`|`£000`|
|`Financeleaseswhicharepayable:`|||
|`Inlessthanoneyear`|`103`|`103`|
|`Inthesecondtofifthyearsinclusive`|`-`|`103`|
||`103`|`206`|



## 

## 



## 

||`2020`|`2019`|
|---|---|---|
||`£000`|`£000`|
|`Non-teachingstaff`|`168`|`151`|
|`Teachers`|`1,060`|`764`|
||`1,228`|`915`|
|`Contributionsoutstandingat31Julywereasfollows:`|||
||`2020`|`2019`|
||`£000`|`£000`|
|`Non-teachingstaff`|`24`||
|`Teachingstaff`|`122`|`101`|
|`Netcontributionsoutstanding`|`146`|`101`|





## 

|`24`<br>`Reconciliationofnetmovementinfundstonet `|`cashinflowfromoperatingactiv`|`ities`|
|---|---|---|
||`2020`|`2019`|
||`£000`|`£000`|
|`Netmovementinfunds`|||
||`797`|`552`|
|`Depreciation`|||
||`545`|`520`|
|`Profit/Lossonsaleoffixedassets`|`(10)`|`175`|
|`(Increase)/Decreaseinstocks`|`(4)`|`2`|
|`(Increase)/Decreaseindebtors`|`(36)`|`163`|
|`(Gams)/Lossoninvestments`|`35`|`(33)`|
|`Increase/(Decrease)increditors`|`(61)`|`105`|
|`Interestfrominvestments`|`(23)`|`(20)`|
|`Interestpayable`|||
||`64`|`84`|
|`Netcashinflowfromoperatingactivities`|`1,307`|`1,548`|



## 

|`25`<br>`AnalysisofChangesinCashBa`|`lances`|||
|---|---|---|---|
||`At1 August`<br>`2019`|`Cashflows`|`At31July2020`|
||`£000`|`£000`|`£000`|
|`Cashinhandandatbank`|`264`|`702`|`966`|
|`Bankoverdraft`|`(152)`|`152`||
|`Debtduewithinoneyear`|`(1,070)`|`868`|`(202)`|
|`Debtdueafteroneyear`|`(2,841)`|`(195)`|`(3,036)`|
|`Total`|`(3,799)`|`1,527`|`(2,272)`|
|`26`<br>`ReconciliationofNetDebt`||||



||`2020`|`2019`|
|---|---|---|
||`£000`|`£000`|
|`Increaseincashintheyear`|`854`|`921`|
|`Cashinflowfromrepaymentofloansandhirepurchaseagreements`|`673`|`201`|
|`Changeinnetfundsresultingfromcashflow`|`1,527`|`1,122`|
|`Netdebtatstartofyear`|`(3,799)`|`(4.921)`|
|`Netdebtatendofyear`|`(2,272)`|`(3,799)`|





## 

||`Fixedassets`|`Netcurrent`<br>`assets/(liabillties)`|`Longterm`<br>`liabilities`|`Total`|
|---|---|---|---|---|
||`£000`|`£000`|`£000`|`£000`|
|`Endowmentfunds`|`879`|`(23)`||`856`|
|`Restrictedfiinds`|`5,774`|`(1,809)`||`3,965`|
|`Revenuefund`||`(4,689)`|`(16)`|`(4,705)`|
|`Designatedassetfunds`|`17,285`|`4,916`|`(3,034)`|`19,169`|
||`23,940`|`(1,605)`|`(3,050)`|`19,285`|



||`Fixedassets`|`Netcurrent`<br>`assets/(liabilities)`|`Longterm`<br>`liabilities`|`Total`|
|---|---|---|---|---|
||`£000`|`£000`|`£000`|`£000`|
|`Restrictedfunds`|`5,744`|`(2,205)`||`3,569`|
|`Revenuefund`||`(4,891)`|`(16)`|`(4,707)`|
|`Designatedassetfunds`|`17,287`|`4,916`|`(3,034)`|`19,169`|
||`23,061`|`(1,980)`|`(3.050)`|`18,031`|



|`Group`|`Fixedassets`|`Netcurrent`<br>`assets/(liabilities)`|`Longterm`<br>`liabilities`|`Total`|
|---|---|---|---|---|
||`£000`|`£000`|`£000`|`£000`|
|`Endowmentfunds`|`886`|||`886`|
|`Restrictedfunds`|`5,764`|`(1,882)`||`3,882`|
|`Revenuefund`||`(4,954)`|`(47)`|`(5,001)`|
|`Desisnatedassetfunds`|`17,605`|`4,829`|`(3,713)`|`18,721`|
||`24,255`|`(2,007)`|`(3.760)`|`18,488`|





## 

|`Shl`|||||
|---|---|---|---|---|
|`coo`|`Fixedassets`|`assets/(liabilities)`|`term`<br>`liabilities`|`Total`|
||`£000`|`£000`|`£000`|`£000`|
|`Restrictedfunds`|`5,764`|`(2,124)`||`3,640`|
|`Revenuefund`||`(4,961)`|`(47)`|`(5,008)`|
|`Designatedassetfunds`|`17,605`|`4,818`|`(3,713)`|`18,710`|
||`23,369`|`(2,267)`|`(3,760)`|`17,342`|



## 

||||`2020`|||
|---|---|---|---|---|---|
||`Unrestricted`|`Designated`|`Restricted`|`Endowment`||
||`funds`|`assetfunds`|`funds`|`funds`|`Total`|
||`£000`|`£000`|`£000`|`£000`|`£000`|
|`Netmovementinfundsforyear`|`1,222`|`(468)`|`73`|`(30)`|`797`|
|`Netincreaseintangiblefixedassetsfor`||||||
|`directcharitablepurposes`|`308`||||`308`|
|`Netincreaseinfundsavailableforfuture`||||||
|`activities`|`1,530`|`(468)`|`73`|`(30)`|`1,105`|



## 

## 



## 

## 

## 



## 

||`Endowment`|`Restricted`|`Unrestricted`|`Total`|`Total`|
|---|---|---|---|---|---|
||`funds`|`funds`|`funds`|`2020`|`2019`|
||`£000`|`£000`|`£000`|`£000`|`£000`|
|`Income`||||||
|`Incomefromcharitableactivities;`|`4`|`216`|`59`|`279`|`643`|
|`Expenditureonraisingfunds:`|`-`|`(76)`|`(60)`|`(136)`|`(144)`|
|`Unrealisedgains/(losses)oninvestments`|`(34)`|`-`|`-`|`(34)`|`33`|
|`Netmovementinfunds`|`(30)`|`140`|`(1)`|`109`|`532`|
|`Balancebroughtforwardat1 August`|`886`|`256`|`4`|`1,147`|`615`|
|`Balancecarriedforwardat31July`|`856`|`396`|`3`|`1,256`|`1,147`|
|`Thenetassetsandliabilitieswere:`||||||
|||||`2020`|`2019`|
|||||`£000`|`£000`|
|`Fixedassets:`||||||
|`Investments`||||`879`|`886`|
|`Totalcurrentassets`||||`379`|`264`|
|`Creditors:amountfallingduewithinoneyear`||||`(3)`|`(3)`|
|`Netcurrentassets`||||`376`|`261`|
|`Netassets`||||`1,256`|`1,147`|
|`Totalcharityfunds`||||`1,256`|`1,147`|



## 



## 

## 

||`Note`|`Unrestricted`|`Designated`|`Restricted`|`Endowment`|`Total`|
|---|---|---|---|---|---|---|
|||`revenue`|`assetfunds`|`funds`|`funds`||
|||||||`2019`|
|||`£000`|`£000`|`£000`|`£000`||
|||||||`£000`|
|`INCOMEFROM:`|||||||
|`Donations& `<br>`legacies`|`5`|||`228`|`27`|`255`|
|`Othertradingactivities`|`5`|`132`||||`132`|
|`Incomefrominvestments`|`10`|`2`|||`20`|`22`|
|`Charitableactivities:`|||||||
|`Feesreceivable`||`14,306`||||`14.306`|
|`Othereducationalincome`|`4`|`822`||||`822`|
|`Otherancillarytradingincome`|`4`|`264`||||`264`|
|`Totalincome`||`15,526`||`228`|`47`|`15,801`|
|`EXPENDITUREON:`|||||||
|`Raisingfunds`||`317`||||`317`|
|`Charitableactivities`||`14,381`|`436`|`148`||`14,965`|
|`Totalexpenditure`||`14,698`|`436`|`148`||`15,282`|
|`Gainoninvestments`|`15`||||`33`|`33`|
|`Netincome/(expeDditure)`||`828`|`(436)`|`80`|`80`|`552`|
|`Transfersbetweenfunds`|`18.19`|`(296)`|`354`|`(57)`|`(1)`||
|`Netmovementinfunds`||`532`|`(82)`|`23`|`79`|`552`|
|`Fundbalancesbroughtforward`|`18,19.20`|`(5,533)`|<br>`18,803`|`3,859`|`807`|`17,936`|
|`atI August2018`|||||||
|`Fundbalancescarried`|`18.19,20`|`(5,001)`|<br>`18,721`|`3,882`|`886`|`18,488`|
|`forwardat31July2019`|||||||