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|||||Page|
|---|---|---|---|---|
|Reference and Administrative||Details ofthe School, its Governors|and Advisers|1|
|Governors'
Report||||2-14|
|Statement of Governors'
Responsibilities||||15|
|Independent
Auditor's|Report|on the Financial Statements||16 - tg|
|Statement of Financial|Activities|||20|
|Balance Sheet||||21|
|Statement ofCash Flows|||||
|Notes to the Financial|Statements|||23-47|
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|Governors|||JA Davison,
BA Hons, Chair|JA Davison,
BA Hons, Chair|JA Davison,
BA Hons, Chair|
|---|---|---|---|---|---|
||||SClark, BSc,FRICS, ACIArb|||
||||BCooper, MA,|PGCE||
||||PJ Evans, BA|Hons, LTCL, PGCE||
||||A Leyshon,
BA|Hons, ACA||
||||RA S Mallinson,
BSc,LLB|||
||||AA Melrose, CA (SA)|||
||||V C L Molony,
BA Hone (resigned 10July 2021)|||
||||A C Shirley, BSc(resigned 9July 2021)|||
||||C W Symes, BSc,MAEd, MCGI, PGCE|||
||||FStack, MA ED(open), BA Hone, PGCE, Mont Dip|||
||||R Bhoola (appointed||13March 2021)|
||||KPrest (appointed||13March 2021)|
||||TSexton (appointed||13March 2021)|
|Company|registered|||||
|number|||912265|||
|Charity registered||||||
|number|||310481|||
|Registered||office|Orwell Park School|||
||||Nacton|||
||||Ipswich|||
||||Suffolk|||
||||IP10OER|||
|Independent||auditor|MHA Maclntyre|Hudson||
||||Statutory
Auditor|||
||||Boundary
House|||
||||4 County Place|||
||||Chelmsford|||
||||Essex|||
||||CM2 ORE|||
|Bankers|||Barclays Bank PLC|||
||||1 Princes Street|||
||||Ipswich|||
||||Suffolk|||
||||IP5 7RF|||
|Solicitors|||Barker Gotelee|||
||||41cBarrack Square|||
||||Martlesham|||
||||Ipswich|||
||||Suffolk|||
||||IP5 7RF|||
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|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2021|2021|2021|2020|
||Note|6|6|6||
|Income from:||||||
|Donations
and grants
Charitable
activities|4
5 6|268,378
3,882,034||268,378
3,882,034|253,621
4,422,105|
|Other trading activities
Investments|10|167,869
74||157,869
74|22,237
604|
|Total Income||4,308,355||4,308,355|4,698,457|
|Expenditure
on:
Raising funds
Charitable
activities|11
13|38,009
4,606,433||38,009
4,506,433|2,187
4,954,753|
|Total expenditure||4,644,442||4,544,442|4,955,940|
|Net movement
in funds before other||||||
|recognised
gains||(236,087)||(236,087)|(258,473)|
|Other recognised gains:
Gains on revaluation
offixed assets||314,846||314,846||
|||78,769||78,759|(258,473)|
|Net movement
in funds||||||
|Reconciliation
offunds:||||||
|Total funds brought
forward|24|4,363,462|3,668|4,367,130|4,625,603|
|Net movement
in funds||78,769||78,769|(258,473)|
|Total funds carried forward|24|4,442,221|3,668|4,445,889|4,367,130|
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|||||Note|2021
E|2020f|
|---|---|---|---|---|---|---|
|Cash flows from operating|activities||||||
|Net cash used
in operating|activities|||26|(245,079)|(122,250)|
|Cash flows from investing|activities||||||
|Investment
income||||10|74|504|
|Proceeds from the sale oftangible fixed||assets||18||25,964|
|Purchase oftangible fixed assets||||18|{199,727)|(213,380)|
|Interest paid|||||(29,522)|(1,835)|
|Net cash used In investing|activities||||(229,175)|(188,747)|
|Cash flows from financing|activities||||||
|New secured loans||||||1,250,000|
|Net cash provided
by financing
activities||||||1,250,000|
|Change
in cash and cash|equivalents|in|the year||(474,254)|939,003|
|Cash and cash equivalents|at the beginning||ofthe year||860,378|(78,625)|
|Cash and cash equivalents|at the end of||the year|27|386,124|860,378|
|The notes on pages 23to 47 form part ofthese financial statements|||||||
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|Freehold|land and buildings|- Not|depreciated,|depreciated,|subject to annual|impairment|
|---|---|---|---|---|---|---|
|||review|||||
|Plant and|equipment|- 5-25/o straight|||line||
|Motor vehicles||- 20'/o|straight|line|||
|Furniture,|fixtures and fittings|- 10'/s|straight|line|||
|Computer|equipment|- 25'/|straight|line|||
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|||||Unrestrtcted|Total|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2021|2021|
||||||6|
|HMRC|Job|retention|scheme|268,378|268,318|
|||||Unrestricted|Total|
|||||funds|funds|
|||||2020|2020|
|||||6|6|
|HMRC|Job|retention|scheme|253,621|253,521|
##
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2021|2021f|
|Educational|operations|3,882,034|3,882,034|
|||Unrestricted|Total|
|||funds|funds|
|||2020|2020|
|Educational|operations|4,422,105|4,422,105|
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|6.|Analysis ofin|come f|ro|m charitable
activities
by type|ofincome|||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||||E|6|
||School fees||||7|3,726,237|4,153,754|
||Other ancillary|trading|income||8|425,176|268,351|
|||||||4,150,412|4,422,105|
|7.|School fees|||||||
|||||||2021
E|2020f|
||Gross fees|||||4,455,168|4,791,170|
||Less: total bursaries,||grants and allowances|||(729,921)|(637,416)|
|||||||3,725,237|4,153,754|
|8.|Other ancillary|trading||income||||
|||||||2021
E|2020f|
||Learning
support|||||69,940|85,919|
||Registration
fees|||||6,175|6,360|
||Insurance
commission|||||14,636|19,399|
||Sundry
income|||||311,634|91,444|
||School activity|income||||29,910|62549|
||Orwell Park activities||income|||3,080|2680|
|||||||425,176|268,351|
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||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2021|2021|
||||E|6|
||Fundraising||52,916|52,916|
||Letting income||104,953|104,953|
||Total 2021||157,869|157,869|
||||Vnrestrfcted|Total|
||||funds|funds|
||||2020f|2020|
||Fundraising||10|10|
||Concerts and events||1,780|1,780|
||Letting income||20,447|20,447|
||Total 2020||22237|22,237|
|10.|Investment|income|||
||||Unrestricted|Total|
||||funds|funds|
||||2021|2021|
||||6|6|
||Bank interest|receivable|74|74|
||||Vnresldcled|Total|
||||funds|funds|
||||2020f|2020|
||Bank interest|receivable|504|504|
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|||||Activities|||
|---|---|---|---|---|---|---|
|||||undertaken|Support|Total|
|||||directly|costs|funds|
|||||2021|2021|2021|
|||||8|E|8|
|Schools|and|grant|making|3,794,047|712,386|4,506.433|
|||||Activities|||
|||||undertaken|Support|Total|
|||||directly|costs|funds|
|||||2020|2020f|2020|
|Schools|and|grant|making|4,132,205|822,548|4,954,753|
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||||Total|Total|
|---|---|---|---|---|
||||funds|funds|
||||2021|2020|
||||E|5|
|Staff costs|||3,084,6&8|3,384,526|
|Depreciation|||36,146|24,846|
|Teaching costs|||73,649|163,241|
|Welfare costs|||111,114|113,531|
|Premises costs|||488,550|446,061|
|Total|||3,?94,04?|4,132,205|
|Analysis ofsupport costs|||||
||||Total|Total|
||||funds|funds|
||||2021|2020|
||||E||
|Staff costs|||396,121|379,622|
|Orwell Park Activities||||1,729|
|School activities||recharged|13,568|49,359|
|Miscellaneous|||12,037|17,935|
|Printing,
posting||and stationary|30,602|35,021|
|Professional fees|||42,941|23,576|
|Marketing
and recruitment|||42,137|76,383|
|Concerts|||10,887|10,833|
|Telephones|||21,069|2?,964|
|Computer costs|||78,162|502,387|
|Bank charges|||13,352|9,947|
|Bad debts|||20,?94|51,606|
|Commission|fees||17,993|25,472|
|Governance|costs||12,723|f6,694|
|Total|||712,386|822,548|
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|14.|Governance
co|sts||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2021
E|2020f|
||Inspection costs|||||||3.123|5,177|
||Audit and accountancy|||||||$,600|ff,517|
|||||||||12,723|15,594|
|15.|Auditor's
remuneration|||||||||
|||||||||2021
E|2020
f|
||Auditor's
remuneration||-Audit|ofthe financial statements||||8,250|8,000|
||Auditor's
remuneration||- Other|selvices||||1,350|3,517|
|16.|Staffcosts|||||||||
|||||||||2021
5|2020f|
||Wages and salaries|||||||2,808,116|3,030,724|
||Social security costs|||||||254,009|279,231|
||Pension costs|||||||418,685|454,193|
|||||||||3,480,809|3,754, 148|
||Included
within|wages|and salaries are||staff restructuring|costs of|243,952 (2020 - 542,572) of which|||
||f9,731 (2020 -|515,092) is||in respect|of non-statutory|severance|payments|made
to 3 (2020 - 4)||
||individuals.|||||||||
||The average number ofpersons employed||||by the School|during the year was as follows:||||
|||||||||2021|2020|
|||||||||No.|No.|
||Teaching|||||||62|59|
||Welfare|||||||34|36|
||Maintenance|||||||8|8|
||Administration|||||||15|56|
|||||||||109|f19|
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|2021|2020|
|---|---|
|No.|No.|
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||Freehold|||Furniture,||
|---|---|---|---|---|---|
||land and|Plant and|Motor|fixtures and||
||buildings|equipment|vehicles|fitt)ngs|Total|
|||6|6||F|
|Cost or valuation||||||
|At 1 September 2020|6,548,052|672,797|75,245|87,400|7,283,494|
|Additions|117,122|78,445||4,160|199,727|
|Revaluations|314,846||||314,846|
|At 31August 2021|6,980,020|651,242|75,245|91,560|7,798,067|
|Depreciation||||||
|At 1 September 2020|1,360,017|166,196|75,246|12,049|1,613,507|
|Charge for the year||27,906||8,241|36,146|
|At 31August 2021|1,360,017|194,101|75,245|20,290|1,649,653|
|Net book value||||||
|At 31August 2021|5,620,003|457,141||71,270|6,148,414|
|Al 31August 2020|5.188035|4DS,6ijt||75,351|5,669,967|
|purpose|s of|these|financial statements.|||
|---|---|---|---|---|---|
|||||2021|2020|
|||||E|5|
|Historic|cost|less|depreciation|3,432,752|3,501,210|
|||||3,432,762|3,501,210|
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|Stocks||||
|---|---|---|---|
|||2021|2020|
|||E||
|Stationary
supplies||160|600|
|Food stocks||600|2,019|
|Oil stocks||6,399|6,399|
|||7,349|9,018|
|There is no material difference between the replacement||costs ofstocks and the amounts
stated|above.|
|Debtors||||
|||2021|2020|
|||E||
|Due within one year||||
|Trade debtors||1,099|1,180|
|Other debtors||66,668|23,653|
|Prepayments|and accrued income|62,663|146,810|
|School fees||69,680|54,780|
|||210,010|226,383|
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||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||||E||
|Bank overdraffs||||||||4,303|
|Bank loans|||||||91,933|4,635|
|Fees in advance|||||||366,841|205,988|
|Trade creditors|||||||4,714|5,237|
|Lump sum fees (see below)|||||||63,021|119,266|
|Amounts
owed to subsidiary|undertakings||||||100|100|
|Other taxation and social security|||||||323,712|392,284|
|Final term deposits|||||||31,000|23,000|
|Other creditors|||||||62,685|80,611|
|Accrusls and deferred income|||||||86,969|115,894|
||||||||1,019,875|951,318|
|Both the bank overdraff
and|bank||loan are secured||by way of a legal|charge|over the property at Orwell||
|Park Nacton Ipswich Suffolk|in|favour of Barclays Bank PLC.|||||||
|sum fees|||||||||
|Parents may enter into a contract|||to pay the School||tuition fees in advance. The money may be returned||||
|subject
to specific conditions.||The balance||represents
the accrued||liability|under
the contracts.
The||
|movements
during the year|were:||||||||
||||||||2021|2020|
||||||||6||
|Balance st 1 September 2020|||||||235,319|193,170|
|Amount of lump sum fees received|||in the year|||||133,709|
|Amount
utilised
in payment|of|school fees to the school|||||(133,382)|(91,550)|
|Balance at 31August 2021|||||||101,937|235,319|
||||||||2021
6|2020
f|
|Ofwhich:|||||||||
|Payable
within
1 year|||||||63,021|119,256|
|Payable after 1 year|||||||48,816|116,053|
|Balance at 31August 2021|||||||101,937|235,319|
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||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||||F|6|
|Bank loans||||||1,164,317||1,245,365|
|Lump sum fees|||||||48,916|116,053|
|Final term deposits|||||||73,000|86,000|
|||||||1,2&6,233||1,447,418|
||||Bank|loan|Lump sum|fees|Final term|deposits|
||||2021|2020|2021|2020|2021|2020|
||||f|E|6|6|6|F|
|In more than one year but|||94,022|56,306|18,234|78,661|18,000|22,000|
|not more than|two years||||||||
|In more than two years||but|1,070,295|1,189,059|30,682|37,392|31,500|41,000|
|not more than|five years||||||||
|More than five|years||||||23,500|23,000|
||||1,184,317|1,245,365|48,916|116,053|73,000|66,000|
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||Balance at 1|||||Balance at|
|---|---|---|---|---|---|---|
||September|||Transfers|Galnsl|31August|
||2020|Income|Expenditure|In/(out)|(Losses)|2021|
||6|E|E|E|E|E|
|Unrestricted|||||||
|funds|||||||
|Designated|||||||
|funds|||||||
|Designated|||||||
|fixed esse'ts|||||||
|fund|4,256,501||(36,146)|199,727||4,420,082|
|Fixed asset|||||||
|revaluation|||||||
|reselve|1,413,486||||314,846|1,728,332|
||6,669,987||(36,146)|199,727|314,846|6,148,414|
|General funds|||||||
|General fund|(1,306,526)|4,308,355|(4,608,296)|(199,727)||(1,706,193)|
|Total|||||||
|Unrestitcted|||||||
|funds|4,363,462|4,308,355|(4,544,442)||314,846|4,442,221|
|Restricted|||||||
|funds|||||||
|Other|3,668|||||3,668|
|Total offunds|4,367,130|4,308,355|(4,544,442)||314,846|4,446,889|
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|Statement|offunds|- prior ye|ar||||||
|---|---|---|---|---|---|---|---|---|
||||Balance ai|||||Balance at|
||||1September||||Transfers|31August|
||||2019f|Income
f|Expenditure|f|in7oul|2020|
|Unrestricted|funds||||||||
|Designated|funds||||||||
|Designated|fixed assets fund||4,067,967||(24,846)||213,380|4,256,501|
|Fixed asset|revaluation||||||||
|reserve|||1,413,486|||||1,413,486|
||||5,481,453||(24,846)||213,380|5,S69,987|
|General funds|||||||||
|General fund|||(859,518)|4,698,467|(4,932,094)||(213,380)|(1,30S,525)|
|Total Unrestricted||funds|4,621,935||(4,956,940)|||4,363,462|
|Restricted|funds||||||||
|Other|||3,668|||||3,668|
|Total offunds|||4,625,603||(4,956,940)|||4,367,130|
##
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|Analysis|of ne|t assets between|funds -current year||||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|
|||||funds|funds|funds|
|||||2021|2021|2021|
||||||E||
|Tangible|fared|assets||6,148,414||6,148,414|
|Fixed asset investments||||100||100|
|Current assets||||599,815|3,668|603,483|
|Creditors|due within one year|||(1,019,875)||(1,019,875)|
|Creditors|due in more than one year|||(1,286,233)||(1,286,233)|
|Total||||4,442,221|3,668|4,445,889|
|Analysis|ofnet assets between||funds - prior year||||
|||||Unnsstncted|Restricted|Total|
|||||funds|funds|funds|
|||||2020|2020|2020|
|||||||6|
|Tangible|fixed|assets||6,669,987||5,669,987|
|Fixed asset investments||||100||100|
|Current|assets|||1,092, 111|3,666|1,095,779|
|Creditors|due|within one year||(951,316)||(951,318)|
|Creditors|due|in more than one year||(1,447,418)||(1,447,418)|
|Total||||4,363,462|3,668|4,367,130|
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|26.|Reconciliation
of|net movem|ent|In f|unds|to net cas|h Row from o|perating|activities||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2021
E|2020f|
||Net
expenditure|for
the
year||(as|per|Statement|of Financial||||
||Activities)||||||||(236,087)|(258,473)|
||Adjustments
for:||||||||||
||Depreciation
charges|||||||18|36,146|24,846|
||Investment
income|||||||10|(74)|(504)|
||Profit on the sale offixed assets|||||||18||(25,964)|
||Decrease/(increase)|in stocks||||||19|1,669|(505)|
||Decrease/(increase)|in debtors||||||21|16,373|(7,260)|
||Increase/(decrease)|in creditors||||||23,22|(92,628)|143,775|
||Interest paid|||||||11|29,522|1,835|
||Net cash used in|operating|acdvities||||||(245,079)|(122,250)|
|27.|Analysis ofcash|and cash equivalents|||||||||
||||||||||2021|2020|
||||||||||E|5|
||Cash in hand||||||||386,124|860,378|
||Total cash and cash equhralents||||||||386,124|850,378|
|28.|Analysis ofchanges
in net||debt||||||||
|||||At 1|||
|---|---|---|---|---|---|---|
|||||September||At 31|
|||||2020|Cash flows
E|August 2021
f|
|Cash|at bank and in hand|||860,378|(474,254)|386,124|
|Bank|overdrafts|repayable|on demand|(4,303)|4,303||
|Debt|due within|I year||(123,901)|(21,053)|(144,954)|
|Debt|due after 1 year|||(1,361,418)|148,185|(1,213,233)|
|||||(629,244)|(342,819)|(972,063)|
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