## ||||||Page| |---|---|---|---|---|---| |Reference and administrative||details ofthe Company,|its Governors|and advisers|| |Governors'|report||||| |Independent|auditors'
report|on the financial statements|||11-14| |Consolidated|statement
offinancial activities||||15| |Consolidated|balance sheet||||16 - 17| |Company
balance sheet|||||18| |Consolidated|statement
ofcash flows||||19| |Notes to the|financial statements||||20-41| ## |Governors|Governors||Mr M.A. Burchfield,|Mr M.A. Burchfield,|Chair|Chair|| |---|---|---|---|---|---|---|---| ||||Mrs H.M. Archer||||| ||||Mr C.R.G. Biggin||||| ||||Mr J.M. Collard||||| ||||Mr D.J.Ferris||||| ||||Mr J.A. Isaacs||||| ||||Mr T.P. Lloyd-Jones||||| ||||Mrs H. Mack||||| ||||Mr T.P. Matthews|(appointed
26 June 2021)|||| ||||Mr B.J.Northover||||| ||||Mr T O' Sullivan
(appointed
21 November||||2020)| ||||Mrs R.Tear||||| ||||Dr R.S.Thomson||||| ||||Mrs R.E.Thornton||||| ||||Mr C.N.I.Tuttiett||||| |Company|registered||||||| |number|||01072074||||| |Charity registered
number|||310279||||| |Registered||office|The Downs School||||| ||||Charlton
House||||| ||||Wraxall||||| ||||Bristol||||| ||||BS481PF||||| |Company|secretary||Mrs H. L.Walker (to
Mr. J.Barclay (from||31 July 2021)
1 August 2021)||| |Headteacher|||Mrs D.J.Isaachsen||||| |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||||| ## ## ## ## ## ## ## ## |Strategy|Committee|Committee|||Mr M.A. Burchfield|(Chair)||| |---|---|---|---|---|---|---|---|---| ||||||MrJ.M. Collard|||| ||||||Mr D.J.Ferris|||| ||||||Mrs D. Isaachsen|||| ||||||Mr J.A. Isaacs|||| ||||||Mr C.N.I.Tuttiett|||| ||||||Mr B.J.Northover|||| ||||||Mrs H.L.Walker (resigned 31 July 2021)|||| |Nursery|Committee||||Mr J.M. Collard (Chair) Mrs||H. M. Archer|| ||||||Mrs D. Isaachsen|||| ||||||Mr M. A. Newman|||| ||||||Dr R.S.Thomson|||| ||||||Mrs R.E.Thornton|||| ||||||Mrs H. L. Walker (resigned||31 July 2021)|| |Remuneration||Committee|||Mrs R. E.Thornton|(Chair)||| ||||||Mr M. A. Burchfield|||| ||||||Mrs D. Isaachsen|||| ||||||Mrs H.L.Walker (resigned 31 July 2021)|||| |Education|Committee||||Mrs R.Tear (Chair)|||| ||||||Mrs D. Isaachsen|||| ||||||Mr T. O' Sullivan
(appointed||21 November|2020)| |Risk and|Regulatory||Committee||Mr B.J.Northover|(Chair)||| ||||||Mrs H.M. Archer|||| ||||||Mrs D. Isaachsen|||| ||||||Mrs R.Tear|||| ||||||Dr. R.S.Thomson|||| ||||||Mrs H.L.Walker (resigned 31 July 2021)|||| |Governors'
Development||||Committee|MrJ.A. Isaacs (Chair)|||| ||||||Mr M. A. Burchfield|||| ||||||Mrs D. Isaachsen|||| ||||||Mr B.J.Northover|||| |Health and Safety Committee|||||Mrs H.L.Walker (Chair) (resigned 31 July|||2021)| ||||||Mr P.A. Brockwell|||| ||||||MrJ.M. Collard|||| ||||||Mrs D. Isaachsen|||| ||||||Mrs R.E.Thornton|||| ||||||Mr C.N.I.Tuttiett|||| |Downs School||Association||Committee|Mrs. C.Williams
(Chair)|||| ||||||Mrs K. Northover
(Secretary)|||| ||||||Mrs G. Hagger (Treasurer)|||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Restricted|Unrestricted|Total|Total| |---|---|---|---|---|---|---|---| |||||funds|funds|funds|funds| |||||2021|2021|2021|2020| ||||Note|E|||E| |Income from:|||||||| |Donations
and|legacies|||4,809|13,892|18,701|47,769| |Charitable
activities|||||3,369,689|3,369,689|3,433,649| |Other trading
activities|||||689,469|689,469|494,456| |Investments|||||451|451|2,972| |Other income|||||56,607|56,607|151,824| |Total income||||4,809|4,130,108|4,134,917|4,130,670| |Expenditure
on:|||||||| |Raising funds|||||529,519|529,519|493,274| |Charitable
activities||||2,309|3,278,808|3,281,117|3,412,067| |Total expenditure||||2,309|3,808,327|3,810,636|3,905,341| |Net movement|in funds|||2,500|321,781|324,281|225,329| |Reconciliation|offunds:||||||| |Total funds brought||forward|||3,498,032|3,498,032|3,272,703| |Net movement|in funds|||2,500|321,781|324,281|225,329| |Total funds carried||forward||2,500|3,819,813|3,822,313|3,498,032| ## |||||2021||2020| |---|---|---|---|---|---|---| |||Note||||| |Fixed assets||||||| |Tangible assets||||3,823,357||3,868,371| |||||3,823,357||3,868,371| |Current assets||||||| |Stocks||15|18,693||18,936|| |Debtors||16|198,106||190,762|| |Cash at bank and|in hand||1,751,845||1,030,318|| ||||1,968,644||1,240,016|| |Creditors: amounts|falling due within one|||||| |year||17|(1,002,030)||(801,557)|| |Net current assets||||966,614||438,459| |Total assets less|current liabilities|||4,789,971||4,306,830| |Creditors: amounts|falling due after more|||||| |than one year||18||(967,658)||(808,798)| |Total net assets||||3,822,313||3,498,032| |Charity funds||||||| |Restricted funds||20||2,500||| |Unrestricted
funds||20||3,819,813||3,498,032| |Total funds||||3,822,313||3,498,032| ## |||Note||2021f||2020
E| |---|---|---|---|---|---|---| |Fixed assets||||||| |Tangible assets||13||3,792,457||3,823,760| |Investments||14||1||1| |||||3,792,458||3,823,761| |Current assets||||||| |Stocks||15|17,417||16,685|| |Debtors||16|500,074||516,494|| |Cash at bank and|in hand||1,635,051||1,012,436|| ||||2,152,542||1,545,615|| |Creditors: amounts|falling due within one|||||| |year||17|(963,451)||(778,491)|| |Net current assets||||1,189,091||767,124| |Total assets less|current liabilities|||4,981,549||4,590,885| |Creditors: amounts|falling due after more|||||| |than one year||18||(967,658)||(808,798)| |Total net assets||||4,013,891||3,782,087| |Charity funds||||||| |Restricted funds||20||2,500||| |Unrestricted
funds||20||4,011,391||3,782,087| |Total funds||||4,013,891||3,782,087| ## ## ||||||2021|2020| |---|---|---|---|---|---|---| ||||||E|E| |Cash flows from operating||activities||||| |Net cash used
in operating|activities||||720,889|392,383| |Cash flows from investing||activities||||| |Dividends,
interests
and rents from investments|||||451|2,972| |Proceeds from the sale oftangible
fixed|||assets||1,776|| |Purchase oftangible
fixed assets|||||(171,564)|(108,028)| |Bank interest
paid|||||(3,787)|(5,495)| |Net cash used in investing||activities|||(173,124)|(110,551)| |Cash flows from financing||activities||||| |Cash inflows from new borrowing|||||250,000|156,548| |Repayments
of borrowing|||||(53,637)|(236,817)| |Repayments
of hire purchase||loans|||(11,311)|(10,884)| |Interest paid on borrowings|||||(11,290)|(13,311)| |Net cash provided
by/(used||in) financing||activities|173,762|(104,464)| |Change
in cash and cash|equivalents||in|the year|721,527|177,368| |Cash and cash equivalents|at the beginning|||ofthe year|1,030,318|852,950| |Cash and cash equivalents||at the end|of|the year|1,751,845|1,030,318| |The notes on pages 20 to41||form part ofthese financial statements||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Restricted|Unrestricted|Total|Total| |---|---|---|---|---|---|---| ||||funds|funds|funds|funds| ||||2021|2021|2021|2020| ||||E||E|| |General Donations|||4,809|5,612|10,421|38,594| |The Downs|School Association|||8,280|8,280|9,175| ||||4,809|13,892|18,701|47,769| |TOTAL 2020|||1,094|46,675|47,769|| |Income from charitable||activities||||| ||||||2021|2020| ||||||F|| |Gross fee receivable|||||3,648,968|3,656,461| |Bursaries and scholarships|||||(521,899)|(484,691)| |Income from|rechargeable|expenditure|||236,320|257,829| |Registration|fees||||6,300|4,050| ||||||3,369,689|3,433,649| ## ## ## ## ## |||Unrestricted|Total|Total| |---|---|---|---|---| |||funds|funds|funds| |||2021|2021|2020| ||||F|E| |Letting s||6,667|6,667|14,583| |Other income||8,884|8,884|8,029| |Fundraising|income|11,924|11,924|10,921| |||27,475|27,475|33,533| |TOTAL202|0|33,533|33,533|| ## |||Unrestricted|Total|Total| |---|---|---|---|---| |||funds|funds|funds| |||2021|2021|2020| |Nursery|income|661,994|661,994|460,923| |TOTAL|2020|460,923|460,923|| ## ||Unrestricted|Total|Total| |---|---|---|---| ||funds|funds|funds| ||2021|2021|2020| ||F|F|| |Rental income|400|400|400| |Bank interest|51|51|2,572| ||451|451|2,972| |TOTAL 2020|2,972|2,972|| ## ## ## ||Unrestricted|Total|Total| |---|---|---|---| ||funds|funds|funds| ||2021|2021|2020| ||F||E| |CJRS income|56,607|56,607|151,824| |TOTAL 2020|151,824|151,824|| ## ## |||||||Unrestricted||Total||Total| |---|---|---|---|---|---|---|---|---|---|---| |||||||funds||funds||funds| |||||||2021||2021||2020| |Fundraising
expenditure||||||7,602||7,602||5,542| |TOTAL|2020|||||5,542||5,542||| |Expenditure||from non|charitable|trading|activities|||||| |||||||Unrestricted||Total||Total| |||||||funds||funds||funds| |||||||2021
E||2021f||2020| |Nursery|cost|ofsales||||59,509||59,509||40,623| |Nursery|administration||expenses|||56,477||56,477||62,802| |Interest|payable|||||100||100||100| |Nursery|cost|ofsales staff costs||||307,572||307,572||296,786| |Nursery|administration||staff costs|||82,170||82,170||71,872| |Nursery|depreciation|||||16,089||16,089||15,549| |||||||. 521,917|.|.521,,917.|.|487,732.| |TOTAL|2020|||||487,732||487,732||| ## ## ## ||Activities|||| |---|---|---|---|---| ||undertaken|Support|Total|Total| ||directly|costs|funds|funds| ||2021f|2021|2021|2020| |Education|2,416,501|864,616|3,281,117|3,412,067| |TOTAL 2020|2,538,399|873,668|3,412,067|| |Analysis ofdirect costs||||| ||||Total|Total| |---|---|---|---|---| |||Education|funds|funds| |||2021f|2021
F|2020
E| |Staff costs||1,873,002|1,873,002|1,993,796| |Depreciation||90,565|90,565|95,623| |Educational|supplies|141,532|141,532|158,229| |Household|and welfare|9,990|9,990|15,721| |Catering||257,905|257,905|222,750| |Transport||43,507|43,507|52,280| |||2,416,501|2,416,501|2,538,399| ## ## ## |||||||Total|Total| |---|---|---|---|---|---|---|---| ||||||Education|funds|funds| ||||||2021|2021|2020| ||||||E|E|E| |Staff costs|||||336,868|336,868|353,193| |Depreciation|||||109,036|109,036|105,929| |Educational
supplies|||||29,773|29,773|28,452| |Other costs|||||39,765|39,765|31,609| |Premises costs|||||184,274|184,274|171,122| |Grounds
maintenance|||||25,223|25,223|49,070| |Management
expenses|||||99,258|99,258|84,186| |Financing
expenses|||||17,133|17,133|20,541| |Legal and professional|||||10,427|10,427|16,884| |Governance|||||12,859|12,859|12,682| ||||||864,616|864,616|873,668| |Net income/expenditure|||||||| |||||||2021|2020| ||||||||E| |Depreciation
oftangible|fixed assets:||||||| |-owned
by the charitable||group||||215,690|217,101| |Fees payable to the Company's|||auditor|in respect of:|||| |Auditors'
remuneration|-audit|||||12,050|11,400| |Auditors'
remuneration|-other||services|||410|400| |Operating
lease rentals||||||27,720|27,570| ## ## ## |||Group|Group|Company|Company| |---|---|---|---|---|---| |||2021|2020|2021|2020| |||E|E|f.|E| |Wages and salaries||2,161,479|2,201,783|1,799,761|1,859,770| |Social security costs||182,822|182,645|163,851|166,579| |Employer contribution|to pension schemes|255,311|331,219|246,258|320,640| |||2,599,612|2,715,647|2,209,870|2,346,989| |||||||Group|Group| |---|---|---|---|---|---|---|---| |||||||2021|2020| |||||||No.|No.| |Teaching staff||||||50|44| |Administrative|staff|||||49|43| ||||||||87| |The average headcount||expressed as full-time|equivalents|was:|||| ||||Group||Group|Company|Company| ||||2021||2020|2021|2020| |||||No.|No.|No.|No.| |Teaching staff||||37|34|37|34| |Administrative|staff|||39|38|21|24| |||||76|72|58|58| |Group|Group| |---|---| |2021|2020| |No.|No.| ## ||Freehold|Motor|Fixtures|Computer|Other fixed|| |---|---|---|---|---|---|---| ||property
K|vehicles
E|and fittings|equipment
E|assets
f|Total| |COST OR VALUATION||||||| |At 1 September 2020|5,158,480|11,900|1,028,436|292,692|188,368|6,679,876| |Additions|108,260||29,185|33,569|550|171,564| |Disposals|||(50)|(36,818)|(552)|(37,420)| |At 31August 2021|5,266,740|11,900|1,057,571|289,443|188,366|6,814,020| |DEPRECIATION||||||| |At 1 September 2020|1,736,018|9,700|706,532|238,205|121,050|2,811,505| |Charge for the year|97,423|800|'72,028|34,626|10,813|215,690| |On disposals|||(20)|(36,237)|(275)|(36,532)| |At 31August 2021|1,833,441|10,500|778,540|236,594|131,588|2,990,663| |NET BOOK VALUE||||||| |At 31 August 2021|3,433,299|1,400|279,031|52,849|56,778|3,823,357| |At 31August 2020|3,422,462|2,200|321,904|54,487|67,318|3,868,371| ## ## ||Freehold|Motor|Fixtures|Computer|Other fixed|| |---|---|---|---|---|---|---| ||property
E|vehicles|and fittings
f.|equipment|assets
f|Total| |COST OR VALUATION||||||| |At 1 September 2020|5,158,480|11,900|941,985|290,233|188,368|6,590,966| |Additions|108,260||28,860|31,516|550|169,186| |Disposals|||(50)|(36,818)|(552)|(37,420)| |At 31August 2021|5,266,740|11,900|970,795|284,931|188,366|6,722,732| |DEPRECIATION||||||| |At 1 September 2020|1,736,018|9,700|664,081|236,357|121,050|2,767,206| |Charge for the year|97,423|800|57,062|33,503|10,813|199„601| |On disposals|||(20)|(36,237)|(275)|(36,532)| |At 31August 2021|1,833,441|10,500|721,123|233,623|131,588|2,930,275| |NET BOOK VALUE||||||| |At 31August 2021|3,433,299|1,400|249,672|51,308|56,778|3,792,457| |At 31August 2020|3,422,462|2,200|277,904|53,876|67,318|3,823,760| ## ## ||Investments| |---|---| ||in| ||subsidiary| |COMPANY|companiesf| |COST OR VALUATION|| |At 1 September 2020|| |At 31 August 2021|| |NET BOOK VALUE|| |At 31August 2021|| |AT31AUGUST2020|| ## |||||Group|Group|Company|Company| |---|---|---|---|---|---|---|---| |||||2021|2020|2021|2020| |||||F||E|| ||Consumables|||18,693|18,936|17,417|16,685| |16.|Debtors||||||| |||||Group|Group|Company|Company| |||||2021|2020|2021|2020| ||||||E||E| ||DUE WITHIN||ONE YEAR||||| ||Trade debtors|||122,770|102,269|114,228|85,564| ||Amounts|owed by Group undertakings||||318,290|353,578| ||Other debtors|||198|328|198|328| ||Prepayments||and accrued income|75,138|88,165|67,358|77,024| |||||198,106|190,762|500,074|516,494| ## ## ## |||||||Group|Group|Company|Company| |---|---|---|---|---|---|---|---|---|---| |||||||2021f|2020
E|2021f|2020| |Bank loans||||||146,715|120,949|146,715|120,949| |Payments|received||on account|||142,945|131,438|142,945|131,438| |Trade creditors||||||83,312|67,677|72,356|65,478| |Other taxation and||social security||||50,670|42,652|44,676|40,639| |Obligations|under finance lease and hire||||||||| |purchase|contracts|||||10,013|9,587|10,013|9,587| |Other creditors||||||69,691|68,110|53,108|54,865| |Accruals and deferred||||income||498,684|361,144|493,638|355,535| |||||||1,002,030|801,557|963,451|778,491| |||||||Group|Group|Company|Company| |||||||2021
f.|2020|2021f|2020| |Deferred income at|||1 September||2020|311,770|337,855|311,770|333,274| |Resources|deferred||during the year|||459,051|311,770|459,051|311,770| |Amounts
released||from previous|||periods|(311„770)|(337,855)|(311,770)|(333,274)| |||||||459,051|311,770|459,051|311,770| ## ||||Group|Group|Company|Company| |---|---|---|---|---|---|---| ||||2021|2020|2021|2020| ||||||E|| |Bank loans|||951,838|782,965|951,838|782,965| |Net obligations||under finance lease and hire||||| |purchase|contracts||15,820|25,833|15,820|25,833| ||||967,658|808,798|967,658|808,798| ## ## ||||||Group|Group|Company|Company| |---|---|---|---|---|---|---|---|---| ||||||2021|2020|2021|2020| ||||||E|E||E| |FINANCIAL||ASSETS||||||| |Financial|assets measured||at amortised|cost|1,882,238|1,132,915|2,075,192|1,480,570| ||||||Group|Group|Company|Company| ||||||2021f|2020
E|2021|2020| |FINANCIAL||LIABILITIES||||||| |Financial|liabilities measured||at amortised|||||| |cost|||||1,510,637|1,298,585|1,472,058|1,275,519| ## ## |20.|Statement offunds|||||| |---|---|---|---|---|---|---| ||Statement offunds - current year|||||| ||||Balance at 1|||Balance at| ||||September|||31August| ||||2020|Income|Expenditure|2021| ||UNRESTRICTED FUNDS|||||| ||General Funds||3,751,975|3,447,910|(3,226,968)|3,972,917| ||The Downs School Association||30,112|20,204|(11,842)|38,474| ||Downs School Enterprises|Limited|(284,055)|661,994|(569,517)|(191,578)| ||||3,498,032|4,130,108|(3,808,327)|3,819,813| ||RESTRICTED FUNDS|||||| ||Donations|||3,156|(656)|2,500| ||Bursary|||1,653|(1,653)|| |||||4,809|(2,309)|2,500| ||TOTAL OF FUNDS||3,498,032|4,134,917|(3,810,636)|3,822,313| ## ## ## ## |||Balance at|||Balance at| |---|---|---|---|---|---| |||1September|||31August| |||2019|Income|Expenditure|2020| |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| ## ## |Analysis|of n|et assets between funds -current|year||| |---|---|---|---|---|---| ||||Restricted|Unrestricted|Total| ||||funds|funds|funds| ||||2021
E|2021
f|2021
E| |Tangible|fixed|assets||3,823,357|3,823,357| |Current|assets||2,500|1,966,144|1,968,644| |Creditors|due|within one year||(1,002,030)|(1,002,030)| |Creditors|due|in more than one year||(967,658)|(967,658)| |TOTAL|||2,500|3,819,813|3,822,313| ## ## ## ## |Analysis|of n|et assets between funds - prior year||| |---|---|---|---|---| ||||Unrestricted|Total| ||||funds|funds| ||||2020|2020| |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)| ||||3,498,032|3,498,032| ## ## ||||||Group|Group| |---|---|---|---|---|---|---| ||||||2021|2020| ||||||f.|| ||Net income|for the|year (as per Statement|of Financial Activities)|324,281|225,329| ||ADJUSTMENTS FOR:|||||| ||Depreciation|charges|||215,690|217,101| ||Dividends,
interests||and rents from investments||(451)|(2,972)| ||Loss/(profit)|on the|sale offixed assets||(888)|| ||Decrease
in|stocks|||243|5,489| ||Increase
in debtors||||(7,344)|(6,215)| ||Increase/(decrease)||in creditors||174,281|(75,309)| ||Interest paid||||15,077|10,154| ||NET CASH|PROVIDED BYOPERATING ACTIVITIES|||720,889|373,577| |23.|Analysis of|cash and cash equivalents||||| ||||||Group|Group| ||||||2021|2020| |||||||E| ||Cash
in hand||||1,751,845|1,030,318| ||TOTAL CASH AND||CASH EQUIVALENTS||1,751,845|1,030,318| ## ## ## |||||Cash|||| |---|---|---|---|---|---|---|---| |||At 1||inflowe|Repayment|Finance|| |||September||from net|of|lease|At 31| |||2020|Cash flows|borrowings|borrowings|repayments|August 2021| ||||E|f.||E|E| |Cash|at bank||||||| |and|in hand|1,030,318|721,527||||1,751,845| |Debt due within|||||||| |1 year||(120,949)||(25,000)|(766)||(146,715)| |Debt due after 1|||||||| |year||(782,965)||(225,000)|56,127||(951,838)| |Finance leases||(35,420)||||9,587|(25,833)| |||90,984|721,527|(250,000)|55,361|9,587|627,459| ## ## ## ## |Operating
le|Operating
le|ase commitments||||||||| |---|---|---|---|---|---|---|---|---|---|---| |At 31 August||2021 the Group|and|the|Company|had
commitments
to||make|future
minimum|lease| |payments|under non-cancellable||operating||leases as|follows:||||| |||||||Group|Group|Company
Company||| |||||||2021|2020||2021|2020| |||||||f'|||f.|| |Not later than||1 year||||20,892|27,720||20,892|27,720| |Later than|1 year and not later than 5|||years||5,518|26,410||5,518|26,410| |||||||26,410|54,130||26,410|54,130| ## ## ## ## |The following|was a subsid|iary
undertaking
of|iary
undertaking
of|the Company:|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|subsidiary|for the year were:||||||| |Name||||Income|Expenditure||Profit/(Loss)||Net assets| |||||E|||/ Surplus/||F| ||||||||(Deficit) for||| ||||||||the year||| |||||||||E|| |Downs School Enterprises||Limited||661,994||(569,517)||92,477|(191,577)|