##
##
|Reference|and Administrative|and Administrative|Details ofthe Company,|its Governors|and Advisers|Page
1-2|
|---|---|---|---|---|---|---|
|Governors'|Report|||||3-11|
|Independent|Auditors'|Report|on the Financial Statements|||12- 14|
|Statement of Financial||Activities|||||
|||||||15|
|Balance Sheet|||||||
|||||||16-17|
|Statement ofCash Flows|||||||
|||||||18|
|Notes to the|Financial|Statements||||19-39|
|REFERENCE AND|REFERENCE AND|ADMINISTRATIVE
DETAILS OF THE COMPANY, ITS GOVERNORS AND ADVISERS
FOR THE YEAR ENDED 31AUGUST 2020|ADMINISTRATIVE
DETAILS OF THE COMPANY, ITS GOVERNORS AND ADVISERS
FOR THE YEAR ENDED 31AUGUST 2020|ADMINISTRATIVE
DETAILS OF THE COMPANY, ITS GOVERNORS AND ADVISERS
FOR THE YEAR ENDED 31AUGUST 2020|
|---|---|---|---|---|
|Governors||Mr A R McGregor,
Chairman|||
|||Ms P C Calnan|||
|||Mr A W G Dixon-Smith|||
|||Ms C A Ewart|||
|||Ms N J Harrison
(resigned 2 April 2020)
Mr S Keoghane
(appointed
22 November
Ms SJ Kerr-Dineen
(resigned 15February
Mr D J M Liddell|2020)
2021)||
|||Mr
I MacAskill
(resigned 31 August 2020)
Ms L H Martin|||
|||Mr E G Mason (resigned 13March 2020)|||
|||Ms W A Meadows-Smith
(resigned 31 August 2020)
Mr CJ Minter|||
|||Mr N Page|||
|||Mrs H K W Pryke (resigned 31 August 2020)
Mr J Quick (appointed
13March 2020)|||
|Company|registered||||
|number||00910421|||
|Charity registered|||||
|number||310490|||
|Registered|office|Brettenham
Park|||
|||Ipswich|||
|||Suffolk|||
|||IP7 7PH|||
|Senior management
team||Mr D Griffiths,
Headmaster
Mr D Mitchell, Senior Deputy
Head
Mr C Bunting,
Director Head Academic|||
|||Mrs C Webster,
Head of Pre-Prep
Mrs E Easdale, Head of Boarding
Mrs L Deville, Director of Finance and Operations
Mr N Drake, Deputy Head Co-Curricular|||
|||Mrs G Giflott, Head of Learning Success|||
|Independent|auditors|Larking Gowen LLP|||
|||Chartered
Accountants|||
|||1 Claydon
Business Park|||
|||Great Blakenham|||
|||ipswich|||
|||IP6 ONL|||
|Bankers||Barclays Bank|||
|||Corporate
Banking|||
|||PO Box13699|||
|||Birmingham|||
|||B22FS|||
||||Page|1|
##
##
##
##
##
##
##
##
#
##
##
##
##
##
##
##
##
##
##
##
#
##
##
##
#
##
##
##
##
##
##
##
##
##
##
##
##
#
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||Note|Unrestricted
funds
2020
6|Restricted
funds
2020
6|Total
funds
2020|Total
funds
2019|
|---|---|---|---|---|---|---|
|Income from:|||||||
|Donations
and legacies
Charitable
activities
Other trading activities||4
5|1,500
2,947,694|8,794|10,294
2,947,694|17,550
3,275,697|
|Profit on disposal offreehold|property|7|673,188||673,188|58,749|
|Total income
Expenditure
on:|||3,622,382|8,794|3,631,176|3,352,196|
|Charitable
activities||8|3,396,934||3,396,934|3,420,125|
|Total expenditure|||3,396,934||3,396,934|3,420,125|
|Net movement
in funds
Reconciliation
offunds:|||225,448|8,794|234,242|(67,929)|
|Total funds brought
forward
Net movement
in funds|||2,312,997
225,448|17,550
8,794|2,330,547
234,242|2,398,476
(67,929)|
|Total funds carried forward|||2,538,445|26,344|2,564,789|2,330,547|
##
|||||||As restated|
|---|---|---|---|---|---|---|
|Fixed assets||Note||2020||2019
6|
|Tangible assets
Current assets||12||4,269,223||4,024,270|
|Stocks
Debtors
Cash at bank and|in hand|13
14|20,820
648,362
401,092||18,735
690,757
170,082||
||||1,070,274||879,575||
|Creditors;
amounts|falling due within one||||||
|year||15|(1,357,368)||(1,385,649)||
|Net current liabilities|||||||
|||||(287,094)||(506,074)|
|Total assets less
Creditors;
amounts|current liabilities
falling due after more|||3,982,129||3,518,196|
|than one year||16||(1,417,340)||(1,187,649)|
|Total net assets|||||||
|||||2,564,789||2,330,547|
|Charity funds|||||||
|Restricted
funds
Unrestricted
funds||17
17||26,344
2,538,445||17,550
2,312,997|
|Total funds|||||||
|||||2,564,789||2,330,547|
|STATEMENT|STATEMENT|OF CASH FLOWS||||
|---|---|---|---|---|---|
|FOR THE YEAR ENDED 31AUGUST|||2020|||
|Cash flows from operating
activities|||Note|2020f|2019|
|Net cash used in operating
activities|||19|(293,395)|60,967|
|Cash flows from investing
activities||||||
|Proceeds from the sale of tangible
fixed assets
Purchase oftangible fixed assets||||707,866
(473,870)|7,000
(160,786)|
|Net cash provided
by/(used
in) investing|activities|||233,996|(153,786)|
|Cash flows from financing
activities||||||
|Cash inflowe from new borrowing
Repayments
of borrowing
Interest paid
Capital element offinance lease rentals||||1,200,000
(834,190)
(27,691)
(47,710)|(38,239)
(27,049)
(23,990)|
|Net cash provided
by/(used
in) financing|activities|||290,409|(89,278)|
|Change
in cash and cash equivalents
in
Cash and cash equivalents
at the beginning|the year
ofthe year|||231,010
170,082|(182,097)
352,179|
|Cash and cash equivalents
at the end of|the year||20|401,092|170,082|
|The notes on pages 19to 39form part ofthese financial||statements||||
#
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
#
##
##
##
##
##
##
#
##
##
##
##
##
##
##
##
##
|Unrestricted|Restricted|Total|
|---|---|---|
|funds|funds|funds|
|2020f|2020|2020|
|1,500|8,794|10,294|
|Restricted|Total|
|---|---|
|funds|funds|
|2019|2019|
|17,550|17,550|
##
||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2020|2020|
||||5||
|Gross Fees|||||
|Less: Bursaries||and other allowances|3,053,231|3,053,231|
|Other incoming||resources|(392,419)|(392,419)|
|Coronavirus|Job|Retention Scheme grant|129,453
157,429|129,453
157,429|
|Total 2020|||||
||||2,947,694|2,947,694|
##
##
##
##
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2019|2019|
|Gross Fees
Less: Bursaries
Otherincoming|and other allowances
resources|3,452,697
(348,957)
172,157|3,452,697
(348,957)
172,157|
|Total 2019||3,275,897|3,275,897|
##
##
##
##
##
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2020
E|2020f|
|Teaching||||
|Household||1,817,631|1,817,631|
|Property||505,549|505,549|
|Support 8|Administration|619,540|619,540|
|Financing|costs|411,209|411,209|
|||43,005|43,005|
|Total 2020||||
|||3,396,934|3,396,934|
|||Unrestricted|Total|
|||funds|funds|
|||2019|2019|
|Teaching||||
|Household||1,916,519|1,916,519|
|Property||611,685|611,685|
|Support
&Administration||554,036|554,036|
|Financing costs||302,618|302,618|
|||35,267|35,267|
|Total 2019||||
|||3,420,125|3,420,125|
##
##
##
##
##
##
|||Supportand|||
|---|---|---|---|---|
|||Administration|Financing|Total|
|Administrative
overheads
Audit and professional
fees
Bank charges and interest||cost
6
76,392
32,546|costs
6|funds
6
76,392
32,546|
|Wages and salaries
National
insurance||227,730|43,005|43,005
227,730|
|Pension cost||21,800||21,800|
|Depreciation||10,682
42,059||10,682
42,059|
|Total 2020||411,209|43,005|454,214|
|||Support and|||
|||Administration|Financing|Total|
|||cost|costs|funds|
|Administrative
overheads|||||
|Audit and professional
fees
Bank charges and interest||40,892
25,315||40,892
25,315|
|Wages and salaries|||35,267|35,267|
|National
insurance||191,750||191,750|
|Pension cost||19,688||19,688|
|Depreciation||8,978||8,978|
|||15,995||15,995|
|Total 2019|||||
|||302,618|35,267|337,885|
##
##
##
||||2020|2019|
|---|---|---|---|---|
||||6||
|Depreciation
of tangible||fixed asset|||
|-owned
by the charity
-hire purchase
Auditor's
remuneration|||155,525
38,946|139,886
8,533|
|Auditor's
Operating|remuneration
lease rentals|-other services|12,720
3,448|12,360
3,253|
||||45,068|45,064|
##
|||||2020|2019|
|---|---|---|---|---|---|
|Wages and|salaries|||||
|Social security costs
Contribution
to defined||contribution|pension schemes|1,855,958
164,519
279,160|1,956,611
171,775
203,378|
|Casual staff||||2,299,637|2,331,764|
|||||88,262|171,393|
|||||2,387,899|2,503,157|
##
||2020|2019|
|---|---|---|
|Teaching Staff|No.|No.|
|Other Staff|33|45|
||54|46|
||87|91|
|||||||2020|2019|
|---|---|---|---|---|---|---|---|
|In|the|band|870,001|-|680,000|No.|No.|
|In|the|band|680,001|-|890,000|||
##
|||NOTES TO THE FINANCIAL
STATEMENTS
FOR THE YEAR ENDED 31AUGUST 2020|NOTES TO THE FINANCIAL
STATEMENTS
FOR THE YEAR ENDED 31AUGUST 2020|NOTES TO THE FINANCIAL
STATEMENTS
FOR THE YEAR ENDED 31AUGUST 2020|||
|---|---|---|---|---|---|---|
||Tangible fixed assets||||||
|||Freehold
property
f|Ilotor
vehicles
f|Fixtures and
fittings
f|Computer
equipment
f|Total
f|
||Cost or valuation||||||
||At 1 September 2019
Additions
Disposals|4,781,346
355,303
(45,098)|117,082
3,106|922,578
101,791|292,854
13,670
(27,778)|6,113,860
473,870
(72,876)|
||At 31 August 2020|5,091,551|120,188|1,024,369|278,746|6,514„854|
||Depreciation||||||
||At 1 September 2019
Charge for the year on|1,219,370|49,050|627,610|193,560|2,089,590|
||owned assets
Charge for the year on|92,511|1,953|45,655|15,774|155,893|
||financed assets
On disposals|(11,020)|16,060|9„154|13732
(27,778)|38,946
(38,798)|
||At 31 August 2020|1,300,861|67,063|682,419|195,288|2,245,631|
||Net book value||||||
||At 31August 2020|3,790,690|53,125|341,950|83,458|4,269,223|
|At 31August 2019||3,567,976|68,032|294,968|99,294|4,024,270|
##
|||2020f|2019|
|---|---|---|---|
|Computer|equipment|||
|Fixtures and fittings||48,172|64,202|
|Motor vehicles||63,375|72,529|
|||50,470|64,232|
|||162,017|200,963|
##
##
||||2020|2019|
|---|---|---|---|---|
|Food, teaching and housekeeping
Heating
Oil||supplies|6
9,960|8,836|
||||10,860|9,900|
||||20,820|18,736|
##
||||As restated|
|---|---|---|---|
|||2020|2019|
|||6||
|Due within one year||||
|Fees outstanding||||
|Other debtors||536,841|569,569|
|Prepayments|and accrued income|48,015
63,506|44,298
76,890|
|||648,362|690,757|
##
##
##
|||||As restated|
|---|---|---|---|---|
||||2020|2019|
|Bank loans and overdrafts|||8|5|
|Payments
received on|account||41,548|39,635|
|Trade creditors|||3,100|8,150|
|Other taxation and social security
Obligations
under finance lease and hire purchase
Feesin advance||contracts|172,678
37,662
36„487|121,492
43,946
47,777|
|Other creditors|||103,516|135,581|
|Accruals and deferred|income||35,836|32524|
||||926,541|956,544|
||||1,357,368|1,385,649|
##
##
##
##
|||||2020|2019|
|---|---|---|---|---|---|
|Bank loans||||6|8|
|Payments|received on account|||1,151,577|787,680|
|Net obligations
Feesin advance||under finance lease and hire purchase|contracts|29,100
91,612|25,000
128,032|
|||||145,051|246,937|
|||||1„417,340|1,187,649|
||2020|2019|
|---|---|---|
|Between one and two years|6||
|Bank loans|||
||43,023|787,680|
|Between two and five years|||
|Bank loans|||
||1,108,554||
|||||re purchase
co|ntracts,
included
above, are payable a|s follows;|
|---|---|---|---|---|---|---|
||||||2020|2019|
|Between|one|and|five|years|91,612|128,032|
||||||91,612|128,032|
##
##
|Unrestricted
funds|Unrestricted
funds|Balance at 1
September
2019
5|Income
6|Expenditure
F|Balance at
31August
2020
6|
|---|---|---|---|---|---|
|General
Funds||2,312„997|3,622,382|(3,396,934)|2,538,445|
|Restricted funds||||||
|Sports Hall Fund
Capital Donations|Fund|17,550|||17,550|
||||8,794||8,794|
|||17,550|8,794||26,344|
|Total offunds||2,330„547|3,631,176|(3,396,934)|2,564,789|
|Restricted Funds||||||
##
|Unrestdicted|funds|Balance at
1 September
2018
8|Income
8|Expenditure|Balance at
31August
2019|
|---|---|---|---|---|---|
|General
Funds||2,398,476|3,334,646|(3,420,125)|2,312,997|
|Restricted funds||||||
|Sports Haft Fund||||||
||||17,550||17,550|
|Total offunds||2,398,476|3,352,196|(3,420,125)|2,330,547|
##
##
##
##
||Unrestricted|Restricted|Total|
|---|---|---|---|
||funds|funds|funds|
||2020
6|2020f|2020f|
|Tangible fixed assets
Current assets|4,269,223||4,269,223|
|Creditors due within one year
Creditors due in more than one year|1,043,930
(1,357,368)
(1,417,340)|26,344|1,070,274
(1,357,368)
(1,417,340)|
|Total||||
||2,538,445|26,344|2„584,789|
|Analysis ofnet assets between funds - prior year||||
||Unrestricted|Restricted|Total|
||funds
2019|funds
2019|funds
2019|
|Tangible fixed assets
Current assets|4,024,270||4,024,270|
|Creditors due within one year
Creditors due in more than one year|862,025
(1,385,649)
(1,187,649)|17,550|879,575
(1,385,649)
(1,187,649)|
|Total|2,312,997|17,550|2330,547|
##
##
##
||||||2020|2019|
|---|---|---|---|---|---|---|
|Net
income/expenditure
for
Activities)|the|period|(as per Statement|of Financial|234,242|(67,929)|
|Adjustments
for:|||||||
|Depreciation
charges
Profit on the sale of fixed assets
(Increase)/decrease
in stocks|||||194,839
(673,788)|148,419
(6,959)|
|(Increase)/decrease
in debtors|||||(2,084)|593|
|increase/(decrease)
in creditors|||||(479,694)|36,090|
|(Decrease)
in fees in advance|||||539,350|(55,860)|
|Interest paid|||||(133,951)
27,691|(20,436)
27,049|
|Net cash provided
by/(used|in) operating||activities||(293,395)|60,967|
##
|||||2020|2019|
|---|---|---|---|---|---|
||Cash in hand|||6||
|||||401,092|170,082|
||Total cash and cash|equivalents||401,092|170,082|
|21.|Analysis ofchanges|in net debt||||
||Cash at bank and in hand
Debt due within
1 year
Debt due after 1 year
Finance leases||At 1
September
2019
6
170,082
(39,635)
(787,680)|Cash flows
6
231,010
(1,913)
(363,897)|At 31
August
2020f
401,092
(41,548)
(1,151,577)|
||||(175,809)|47,710|(128,099)|
||||(833,042)|(87,090)|(920,132)|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##