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||||||Page|
|---|---|---|---|---|---|
|Reference and Administrative||Details ofthe Company,|its Governors|and Advisers||
|Governors'|Report|||||
|Independent|Auditors'
Report|on the Financial Statements|||10-12|
|Consolidated|Statement ofFinancial Activities||||13|
|Consolidated|Balance Sheet||||14|
|Company
Balance Sheet|||||15|
|Consolidated|Statement ofCash Flows||||16|
|Notes to the|Financial Statements||||17-38|
|Governors|||Mr M.A. Burchfield,|Mr M.A. Burchfield,|Chair|Chair|Chair|||
|---|---|---|---|---|---|---|---|---|---|
||||Mrs H.M. Archer|||||||
||||Mr C.R.G. Biggin|||||||
||||Lady E.J.Burgh (resigned|||||24 October 2019)||
||||MrJ.M. Collard|||||||
||||Mr D.J.Ferris|||||||
||||Mr S.W. Holliday|(resigned||||20 June 2020)||
||||Mrs N.A. Huggett|(resigned|||||20 June 2020)|
||||MrJ.A. Isaacs|||||||
||||Mr T.P. Lloyd-Jones|||||||
||||Mr B.J.Northover|||||||
||||Mrs R.Tear|||||||
||||Dr R.S.Thomson|||||||
||||Mrs R.E.Thornton|||||||
||||MR C.N.I.Tuttiett|(appointed|||||20 June 2020)|
||||Mrs H. Mack (appointed||||14March 2020)|||
|Company|registered|||||||||
|number|||01072074|||||||
|Charity registered||||||||||
|number|||310279|||||||
|Registered||office|The Downs School|||||||
||||Charlton
House|||||||
||||Wraxall|||||||
||||Bristol|||||||
||||North Somerset|||||||
||||BS481PF|||||||
|Company|secretary||Mrs H.L. Walker|||||||
|Headmaster|||Mr M.A. Gunn (retired|||6July|||2020)|
||||Mrs D Isaachsen|(appointed|||||1 September 2020)|
|Independent||auditors|Bishop Fleming
LLP|||||||
||||Chartered
Accountants|||||||
||||10Temple Back|||||||
||||Bristol|||||||
||||BS16FL|||||||
|Bankers|||Barclays Bank pic|||||||
||||4th Floor, Bridgewater|||House||||
||||Counterslip|||||||
||||Finzels Reach|||||||
||||Bristol|||||||
||||BS16BX|||||||
|Solicitors|||Veale Wasbrough|Vizards||||LLP||
||||Narrow Quay House|||||||
||||Narrow Quay|||||||
||||Bristol|||||||
||||BS14QA|||||||
##
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|Strategy|Committee|Committee|Committee|Mr M.A. Burchfield
(Chair)
Lady E.J.Burgh (resigned 24 October 2019)
MrJ.M. Collard|Mr M.A. Burchfield
(Chair)
Lady E.J.Burgh (resigned 24 October 2019)
MrJ.M. Collard|Mr M.A. Burchfield
(Chair)
Lady E.J.Burgh (resigned 24 October 2019)
MrJ.M. Collard|Mr M.A. Burchfield
(Chair)
Lady E.J.Burgh (resigned 24 October 2019)
MrJ.M. Collard|
|---|---|---|---|---|---|---|---|
|||||Mr D.J.Ferris||||
|||||Mr M.A. Gunn||||
|||||MrJ.A. Isaacs||||
|||||Mr C.N.I. Tuttiett
Mr B.J.Northover|(appointed||20June 2020)|
|||||Mrs H.L. Walker||||
|Nursery|Committee|||MrJ.M. Collard (Chair)||||
|||||Mrs H. M. Archer||||
|||||Mr M.A. Gunn||||
|||||Mr M. A. Newman||||
|||||Dr R.SThomson||||
|||||Mrs R. E.Thornton||||
|||||Mrs H. L.Walker||||
|Remuneration|||Committee|Mrs R. E.Thornton||(Chair)||
|||||Mr M.A. Burchfield||||
|||||Mr M.A. Gunn
Mrs||H.L.Walker||
|Education||Committee||MrS.W. Holliday|(Chair)||(Retired 20 June 2020)|
|||||Mr M.A. Gunn||||
|||||Mrs N.A. Huggett||||
|||||Mrs R.Tear||||
|Risk and|Regulatory|||Mr B.J. Northover||(Chair)||
|Committee||||Mrs H.M. Archer||||
|||||Ms H.M. Fulton||||
|||||Mr M.A. Gunn||||
|||||Mrs R.Tear||||
|||||Dr. R.S.Thomson||||
|||||Mrs H.L.Walker||||
|Governors'||Development||MrJ.A. Isaacs (Chair)||||
|Committee||||Lady E.J.Burgh (Resigned 20June 2020)||||
|||||Mr M.A. Burchfield||Mr M.A.|Gunn|
|||||Mr B.J.Northover||||
|Health and||Safety Committee||Mrs H.L.Walker (Chair)||||
|||||Mr P.A. Brockwell||||
|||||MrJ.M. Collard||||
|||||Ms H.M. Fulton||||
|||||Mr M.A. Gunn||||
|||||Mrs R.E.Thornton||||
|Downs School|||Association|Mrs V.Sweetman||(Chair)||
|Committee||||Mrs K. Northover|(Secretary)|||
|||||Mrs G. Hagger (Treasurer)||||
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2020|2020|2020|2019|
|||Note|E|||E|
|INCOME FROM:|||||||
|Donations
and legacies|||46,675|1,094|47,769|98,617|
|Charitable
activities|||3,433,649||3,433,649|3,933,238|
|Other trading
activities|||494,456||494,456|513,045|
|Investments|||2,972||2,972|3,999|
|Other income|||151,824||151,824||
|TOTAL INCOME|||4,129,576|1,094|4,130,670|4,548,899|
|EXPENDITURE ON:|||||||
|Raising funds|||493,274||493,274|501,673|
|Charitable
activities|||3,410,968|1,099|3,412,067|3,745,126|
|TOTAL EXPENDITURE|||3,904,242|1,099|3,905,341|4,246,799|
|NET MOVEMENT|IN FUNDS||225,334|(5)|225,329|302,100|
|RECONCILIATION|OF FUNDS:||||||
|Total funds brought|forward||3,272,698|5|3,272,703|2,970,603|
|Net movement
in funds|||225,334|(5)|225,329|302,100|
|TOTAL FUNDS CARRIED FORWARD|||3,498,032||3,498,032|3,272,703|
|||||2020||2019|
|---|---|---|---|---|---|---|
|||Note||E|||
|FIXEDASSETS|||||||
|Tangible assets||13||3,868,371||3,977,444|
|||||3,868,371||3,977,444|
|CURRENT ASSETS|||||||
|Stocks||15|18,936||24,425||
|Debtors||16|190,762||184,547||
|Cash at bank and|in hand||1,030,318||852,950||
||||1,240,016||1,061,922||
|Creditors: amounts|falling due within one||||||
|year||17|(801,557)||(1,008,062)||
|NET CURRENT ASSETS||||438,459||53,860|
|TOTAL ASSETSLESSCURRENT|||||||
|LIABILITIES||||4,306,830||4,031,304|
|Creditors: amounts|falling due after more||||||
|than one year||18||(808,798)||(758,601)|
|TOTAL NET ASSETS||||3,498,032||3,272,703|
|CHARITY FUNDS|||||||
|Restricted funds||19||||5|
|Unrestricted
funds||19||3,498,032||3,272,698|
|TOTAL FUNDS||||3,498,032||3,272,703|
##
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|||||2020||2019|
|---|---|---|---|---|---|---|
|||Note|||||
|FIXEDASSETS|||||||
|Tangible assets||13||3,823,760||3,918,861|
|Investments||14||1||1|
|||||3,823,761||3,918,862|
|CURRENT ASSETS|||||||
|Stocks||15|16,685||22,534||
|Debtors||16|516,494||484,772||
|Cash at bank and|in hand||1,012,436||790,257||
||||1,545,615||1,297,563||
|Creditors: amounts|falling due within one||||||
|year||17|(778,491)||(960,559)||
|NET CURRENT ASSETS||||767,124||337,004|
|TOTAL ASSETS LESSCURRENT|||||||
|LIABILITIES||||4,590,885||4,255,866|
|Creditors: amounts|falling due after more||||||
|than one year||18||(&08,798)||(758,601)|
|TOTAL NET ASSETS||||3,782,087||3,497,265|
|CHARITY FUNDS|||||||
|Restricted funds||19||||5|
|Unrestricted
funds||19||3,782,087||3,497,260|
|TOTAL FUNDS||||3,782,087||3,497,265|
##
##
|||||Note|2020f|2019f|
|---|---|---|---|---|---|---|
|CASH FLOWS FROM OPERATING||ACTIVITIES|||||
|Net cash used
in operating
activities||||21|392,383|409,544|
|CASH FLOWS FROM INVESTING||ACTIVITIES|||||
|Dividends,
interests
and rents from||investments|||2,972|3,999|
|Proceeds from the sale oftangible|fixed assets|||||1,947|
|Purchase oftangible fixed assets|||||(108,028)|(111,025)|
|Bank interest paid|||||(5,495)|(3,976)|
|NET CASH USED IN INVESTING|ACTIVITIES||||(110,551)|(109„055)|
|CASH FLOWS FROM FINANCING||ACTIVITIES|||||
|Cash inflows from new borrowing|||||156,548||
|Repayments
of borrowing|||||(236,817)|(116,812)|
|Repayment
of hire purchase
loans|||||(10,884)|(5,516)|
|Interest paid on borrowings|||||(13,311)|3,788|
|NET CASH USED IN FINANCING|ACTIVITIES||||(104,464)|(118,540)|
|CHANGE
IN CASH AND CASH EQUIVALENTS|||IN THE YEAR||177,368|181,949|
|Cash and cash equivalents
at the beginning
ofthe year|||||852,950|671,001|
|CASH AND CASH EQUIVALENTS||AT THE END|OF THE YEAR|22|1,030,318|852,950|
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|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2020|2020|2020|2019|
||||F|||
|General Donations||37,500|1,094|38,594|87,814|
|The Downs School Association||9,175||9,175|10,803|
|||46,675|1,094|47,769|98,617|
|TOTAL 2019||98,503||98,617||
|INCOME FROM CHARITABLE ACTIVITIES||||||
|||||2020|2019|
|Gross fees receivable||||3,656,461|4,057,860|
|Bursaries and scholarships||||(484,691)|(505,691)|
|Income from rechargeable|expenditure|||257,829|376,619|
|Registration
fees||||4,050|4,450|
|||||3,433,649|3,933,238|
##
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2020|2020|2019|
||||F|E|
|Lettings||14,583|14,583|18,272|
|Other income||8,029|8,029|13,894|
|Fundraising|income|10,921|10,921|14,986|
|||33,533|33,533|47,152|
|TOTAL201|9|47,152|47,152||
##
##
|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2020|2020|2019|
|||E|E||
|Nursery|Income|460,923|460,923|465,893|
|TOTAL|2019|465,893|465,893||
##
##
||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2020|2020f|2019|
|Rental Income|400|400|400|
|Bank Interest|2,572|2,572|3,599|
||2,972|2,972|3,999|
|TOTAL 2019|3,999|3,999||
##
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|Unrestricted|Total|Total|
|---|---|---|
|funds|funds|funds|
|2020|2020|2019|
|E||E|
|151,824|151,824||
##
##
|||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2020f|2020|2019|
|Fundraising||expenditure||5,542|5,542|8,796|
|TOTAL|2019|||8,796|8,796||
|Expenditure||from non charitable|trading activities||||
|||||Unrestricted|Total|Total|
|||||funds|funds|funds|
|||||2020f|2020
F|2019|
|Nursery|expenditure|||487,632|487,632|492,877|
|Interest|payable|||100|100||
|||||487,732|487,732|492,877|
|TOTAL|2019|||492,877|492,877||
##
##
|||Activities||||
|---|---|---|---|---|---|
|||undertaken|Support|Total|Total|
|||directly|costs|funds|funds|
|||2020|2020|2020|2019|
|||F||||
|Education||2,538,399|873,668|3,412,067|3,745,126|
|TOTAL 2019||2,720,161|1,024,965|3,745,126||
|Analysis ofdirect costs||||||
||||||Total|
||||||funds|
||||||2020|
||||||E|
|Staff costs|||||1,993,796|
|Depreciation|||||95,623|
|Educational|supplies||||158,229|
|Household|and welfare||||15,721|
|Catering|||||222,750|
|Transport|||||52,280|
||||||2,538,399|
##
||||||||Total|
|---|---|---|---|---|---|---|---|
||||||||funds|
||||||||2020|
||||||||F|
|Staff costs|||||||353,193|
|Depreciation|||||||105,929|
|Educational|supplies||||||28,452|
|Other costs|||||||31,609|
|Premises costs|||||||171,122|
|Grounds
maintenance|||||||49,070|
|Management|expenses||||||84,186|
|Financing
expenses|||||||20,541|
|Legal and professional|||||||16,884|
|Bank interest|and charges|||||||
|Governance|||||||12,682|
||||||||873,668|
|NET INCOME/(EXPENDITURE)||||||||
|||||||2020|2019|
|Depreciation|oftangible|fixed asstes:||||||
|-owned
by|the charitable||group|||217,101|206,503|
|Fees payable|to the Company's|||auditor|in respect of:|||
|Auditors'
remuneration||- audit||||11,400|11,000|
|Auditors'
remuneration||-other services||||400|360|
|Operating
lease rentals||||||27,570|23,739|
##
##
|||Group|Group|Company|Company|
|---|---|---|---|---|---|
|||2020|2019|2020|2019|
|||||f.|E|
|Wages and|salaries|1,859,770|1,899,531|1,859,770|1,899,531|
|Social security costs||166„579|169,029|166,579|169,029|
|Contribution|to pension schemes|320,640|230,645|320,640|230,645|
|||2,346,989|2,299,205|2,346,989|2,299,205|
|||Group|Group|
|---|---|---|---|
|||2020|2019|
|||No.|No.|
|Teaching staff||44|46|
|Administrative|staff|43|36|
|||87|82|
|||Group|Group|Company|Company|
|---|---|---|---|---|---|
|||2020|2019|2020|2019|
|||No.|No.|No.|No.|
|Teaching staff||34|35|34|35|
|Administrative|staff|38|25|24|25|
|||72|60|58|60|
|Group|Group|
|---|---|
|2020|2019|
|No.|No.|
##
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##
##
||||Fixtures||Other||
|---|---|---|---|---|---|---|
||Freehold|Motor|and|Computer|fixed||
||property|vehicles|fittings|equipment|assets|Total|
||||E||E||
|COST OR VALUATION|||||||
|At 1 September 2019|5,158,060|9,100|961,163|262,939|188,368|6,579,630|
|Additions|420|2,800|67,273|37,535|-|108,028|
|Disposals||||(7,782)|-|(7,782)|
|At 31August 2020|5,158,480|11,900|1,028,436|292,692|188,368|6,679,876|
|DEPRECIATION|||||||
|At 1 September 2019|1,642,906|8,900|632,122|209,225|109,033|2,602,186|
|Charge for the year|93,112|800|74,410|36,762|12,017|217,101|
|On disposals||||(7,782)||(7,782)|
|At 31 August 2020|1,736,018|9,700|706,532|238,205|121,050|2,811,505|
|NET BOOK VALUE|||||||
|At 31August 2020|3,422,462|2,200|321,904|54,487|67,318|3,868,371|
|At 31August 2019|3,515,154|200|329,041|53,714|79,335|3,977,444|
##
##
##
||||Fixtures||Other||
|---|---|---|---|---|---|---|
||Freehold|Motor|and|Computer|fixed||
||property|vehicles|fittings|equipment|assets|Total|
||E||E|E|E|F|
|COST OR VALUATION|||||||
|At 1 September 2019|5,158,060|9,100|876,289|260,480|188,368|6,492,297|
|Additions|420|2,800|65,696|37,535||106,451|
|Disposals||||(7,782)||(7,782)|
|At 31August 2020|5,158,480|11,900|941,985|290,233|188,368|6,590,966|
|DEPRECIATION|||||||
|At 1 September 2019|1,642,906|8,900|604,604|207,993|109,033|2,573,436|
|Charge for the year|93,112|800|59,477|36,146|12,017|201,552|
|On disposals||||(7,782)|-|(7,782)|
|At 31August 2020|1,736,018|9,700|664,081|236,357|121,050|2,767,206|
|NET BOOK VALUE|||||||
|At 31August 2020|3,422,462|2,200|277,904|53,876|67,318|3,823,760|
|At 31 August 2019|3,515,154|200|271,685|52,487|79,335|3,918,861|
##
##
##
||Investments|
|---|---|
||in|
||subsidiary|
|Company|companiesf|
|COST OR VALUATION||
|At 1 September 2019||
|AT 31AUGUST 2020||
|NET BOOK VALUE||
|AT 31AUGUST 2020||
|AT 31AUGUST 2019||
##
|15.|STOCKS|||||
|---|---|---|---|---|---|
|||Group|Group|Company|Company|
|||2020f|2019f|2020f|2019|
||Consumables|18,936|24,425|16,685|22,534|
|16.|DEBTORS|||||
|||Group|Group|Company|Company|
|---|---|---|---|---|---|
|||2020f|2019
f|2020
f|2019
f|
|DUE WITHIN|ONE YEAR|||||
|Trade debtors||102,269|89,496|85,564|81,932|
|Amounts
owed by group undertakings||||353,578|321,847|
|Other debtors||328|15,000|328|15,000|
|Prepayments|and accrued income|88,165|80,051|77,024|65,993|
|||190,762|184,547|516,494|484,772|
##
##
##
|||||||Group|Group|Company|Company|
|---|---|---|---|---|---|---|---|---|---|
|||||||2020|2019
F|2020f|2019|
|Bank loans||||||120,949|252,572|120,949|252,572|
|Payments|received||on account|||131,438|116,633|131,438|116,633|
|Trade creditors||||||67,677|106,646|65,478|93,218|
|Other taxation
and||social security||||42,652|46,360|40,639|42,733|
|Obligations|under finance lease and hire|||||||||
|purchase|contracts|||||9,587|9,160|9,587|9,160|
|Other creditors||||||68,110|56,706|54,865|43,111|
|Accruals and deferred||||income||361,144|419,9&5|355,535|403,132|
|||||||&01,557|1,008,062|778,491|960,559|
|||||||Group|Group|Company|Company|
|||||||2020|2019|2020|2019|
|||||||E|E|||
|Deferred income at|||1 September||2019|337,855|343,519|333,274|343,519|
|Resources|deferred||during the year|||311,770|337,855|311,770|333,274|
|Amounts
released||from previous|||periods|(337,855)|(343,519)|(333,274)|(343,519)|
|||||||311,770|337,855|311,770|333,274|
##
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##
|||Group|Group|Company|Company|
|---|---|---|---|---|---|
|||2020|2019|2020f|2019
F|
|Bank loans||782,965|723,181|782,965|723,181|
|Obligations|under finance lease and hire|||||
|purchase|contracts|25,833|35,420|25,833|35,420|
|||808,798|758,601|808,798|758,601|
##
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##
|STATEMENT OF FUNDS|- CURRENT Y|EAR||||
|---|---|---|---|---|---|
|||Balance at 1|||Balance at|
|||September|||31August|
|||2019|Income|Expenditure|2020|
|||E|F|E|E|
|UNRESTRICTED FUNDS||||||
|General Funds||3,457,657|3,648,557|(3,369,225)|3,736,989|
|The Downs School Association||24,617|20,096|(14,601)|30,112|
|Downs School Enterprises|Limited|(209,576)|460,923|(520,416)|(269,069)|
|||3,272,698|4,129,576|(3,904,242)|3,498,032|
|RESTRICTED FUNDS||||||
|Donations|||94|(99)||
|Bursary|||1,000|(1,000)||
||||1,094|(1,099)||
|TOTAL OF FUNDS||3,272,703|4,130,670|(3,905,341)|3,498,032|
##
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##
|19.|STATEMENT OF FUNDS|(CONTINUED)|||||
|---|---|---|---|---|---|---|
||STATEMENT OF FUNDS|- PRIOR YEAR|||||
||||Balance at|||Balance at|
|||1|September|||31August|
||||2018|Income|Expenditure|2019|
|||||E|||
||UNRESTRICTED FUNDS||||||
||General Funds||3,083,845|4,065,899|(3,692,087)|3,457,657|
||The Downs School Association||22,857|16,993|(15,233)|24,617|
||Downs School Enterprises|Limited|(136,099)|465,893|(539,370)|(209,576)|
||||2,970,603|4,548,785|(4,246,690)|3,272,698|
||RESTRICTED FUNDS||||||
||Donations|||114|(109)||
||TOTAL OF FUNDS||2,970,603|4,548,899|(4,246,?99)|3,272,703|
|20.|ANALYSIS OF NET ASSETS BETWEEN FUNDS||||||
||ANALYSIS OF NET ASSETS BETWEEN FUNDS||- CURRENT|PERIOD|||
|ANALY|SIS O|F NET ASSETS BETWEEN FUNDS - CUR|RENT PERIOD||
|---|---|---|---|---|
||||Unrestricted|Total|
||||funds|funds|
||||2020|2020|
||||K||
|Tangible|fixed|assets|3,868,371|3,868,371|
|Current|assets||1,240,016|1,240,016|
|Creditors|due|within one year|(801,557)|(801,557)|
|Creditors|due|in more than one year|(808,798)|(808,798)|
|TOTAL|||3,498,032|3,498,032|
##
##
|ANALY|SIS O|F NET ASSETSBETWEEN FUNDS|- PRIOR PERIOD|||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
||||2019|2019|2019|
|Tangible|fixed|assets|3,977,444||3,977,444|
|Current|assets||1,061,917||1,061,922|
|Creditors|due|within one year|(1,008,062)||(1,008,062)|
|Creditors|due|in more than one year|(758,601)||(758,601)|
|TOTAL|||3,272,698|5|3,272,703|
##
|||||Group|Group|
|---|---|---|---|---|---|
|||||2020|2019|
|||||K||
||Net income|for the period (as per Statement|of Financial Activities)|225,329|302,100|
||ADJUSTMENTS FOR:|||||
||Depreciation|charge||217,101|206,503|
||Dividends,
interest and rents from investments|||(2,972)|(3,999)|
||Decrease
in|stocks||5,489|1,695|
||Decrease/(increase)
in debtors|||(6,215)|70,102|
||Decrease
in|creditors||(75,309)|(156,282)|
||Loss on disposal offixed assets||||(1,485)|
||Interest paid|||10,154|188|
||Interest rate|swap fair value adjustment|||(9,278)|
||NET CASH|PROVIDED BYOPERATING ACTIVITIES||373,577|409,544|
|22.|ANALYSIS OF CASH AND CASH EQUIVALENTS|||||
|||||Group|Group|
|||||2020|2019|
||||||E|
||Cash
in hand|||1,030,318|852,950|
||TOTAL CASH AND CASH EQUIVALENTS|||1,030,318|852,950|
##
||||Cash||||
|---|---|---|---|---|---|---|
||At 1||inflows|Repayment|Finance||
||September||from new|sof|lease|At 31|
||2019|Cash flows|borrowing|borrowing|repayments|August 2020|
||E||||K||
|Cash at bank|||||||
|and in hand|852,950|177,368||||1,030,318|
|Debt due within|||||||
|1 year|(252,572)||(30,715)|162,338||(120,949)|
|Debt due after 1|||||||
|year|(723,181)||(125,813)|66,029||(782,965)|
|Finance leases|(44,580)||||9,160|(35,420)|
||(167,383)|177,368|(156,528)|228,367|9,160|90,984|
##
##
##
|At 31 August|At 31 August|2020 the Group|and the|Company|had
commitments
to|had
commitments
to|make|future
minimum|lease|
|---|---|---|---|---|---|---|---|---|---|
|payments|under non-cancellable||operating|leases as|follows:|||||
||||||Group|Group|Company
Company|||
||||||2020|2019f||2020
F|2019|
|Not later than||1 year|||27,720|27,570||27,720|27,570|
|Later than|1 year and not later than 5years||||26,410|53,630||26,410|53,630|
||||||54,130|81,200||54,130|81,200|
##
##
##
|PRINCIPAL|SUBSIDIARIES|SUBSIDIARIES||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|The following|was a subsidiary||undertaking|||of|the Company:|||||||
|Name||||Company|||Registered||office or principal|||Principal|activity|
|||||number|||place of|business||||||
|Downs School Enterprises||||10801425|||The Downs||School,|||Nursery||
|Limited|||||||Charlton||Drive, Wraxall,|||||
||||||||Bristol,|BS481PF||||||
|Class of|Holding|Included||in||||||||||
|shares||consolidation||||||||||||
|Ordinary|100%|Yes||||||||||||
|The financial|results ofthe|subsidiaries|||for the||year were:|||||||
|Names|||||||Income
f|Expenditure||f|Profit/(Loss)
forthe year||Net assets
f|
|Downs School Enterprises||Limited|||||460,923||(520,416)|||(59,493)|(284,054)|