2021-08-31-accounts

					Page
Reference and Administrative		Details ofthe Company,	its Governors	and Advisers
Governors' Report					2-9
Independent Auditors'	Report	on the Financial Statements			10-13
Statement of Financial	Activities				14
Balance Sheet					15
Statement ofCash Flows					16
Notes to the Financial	Statements				17-37

Governors			Mr A R McGregor,	Chairman	Chairman
			Ms P C Calnan
			Mr A W G Dixon-Smith
			Ms C A Ewart
			Mr S Keoghane (appointed			22 November	2020)
			Ms SJ Kerr-Dineen	(resigned 15February			2021)
			Mr DJ M Liddell
			Ms L H Martin (resigned		19	July 2021)
			Mr CJ Minter
			Mr N Page
			Mr J Quick
Company	registered
number			00910421
Charity registered
number			310490
Registered		office	Brettenham Park
			Ipswich
			Suffolk
			IP7 7PH
Senior management			Mr D Griffiths, Headmaster
team			Mr D Mitchell, Senior Deputy Head
			Mr C Bunting, Deputy Head			Academic
			Mr N Drake, Deputy	Head Co-Curricular
			Mr F Auld, Director	ofStudies
			Mrs E Easdale, Head of Boarding
			Mrs G Gillott, Head	of Learning Success
			Mrs L Deville, Director of		Finance and Operations
			Mrs C Webster, Head of		Pre-Prep
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
Solicitors			Knights pic
			Midland House
			West Way
			Botley
			Oxford, OX2 OPH

				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Note	2021f	2021f	2021f	2020
Income from:
Donations and legacies			3	3	3,075	3,078	10,294
Charitable activities			4	3,002,078		3,002,078	2,947,694
Profit on disposal offreehold		property	5				673,188
Total income				3,002,081	3,075	3,005,156	3,631,176
Expenditure on:
Charitable activities			6	3,414,524		3,414,524	3,396,934
Total expenditure				3,414,524		3,414,524	3,396,934
Transfers between	funds		15	8,794	(8,794)
Net movement in	funds			(403,649)	(5,719)	(409,368)	234,242
Reconciliation of	funds:
Total funds brought	forward			2,538,445	26,344	2,564,789	2,330,547
Net movement in funds				(403,649)	(5,719)	(409,368)	234,242
Total funds carried forward				2,134,796	20,625	2,155,421	2,564,789

			Note		2021f		2020
Fixed assets
Tangible assets			10		4,207,887		4,269,223
Current assets
Stocks			11	20,914		20,820
Debtors			12	809,244		648,362
Cash at bank and	in hand			75,873		401,092
				906,031		1,070,274
Creditors: amounts	falling	due within one
year			13	(1,635,905)		(1,357,368)
Net current liabilities					(729,874)		(287,094)
Total assets less	current	liabilities			3,478,013		3,982,129
Creditors: amounts	falling	due after more
than one year			14		(1,322,592)		(1,417,340)
Total net assets					2,155,421		2,564,789
Charity funds
Restricted funds			15		20,625		26,344
Unrestricted funds			15		2,134,796		2,538,445
Total funds ICOSI					2,155,421		2,564,789

				STATEMENT OF	STATEMENT OF	CASH FLOWS
			FOR	THE YEAR ENDED 31AUGUST			2021
								2021	2020
							Note
Cash flows from operating		activities
Net cash used in operating	activities						17	(64,842)	(293,395)
Cash flows from investing		activities
Proceeds from the sale oftangible			fixed assets					3,225	707,866
Purchase oftangible fixed assets								(142,133)	(473,870)
Net cash (used in)/provided		by	investing		activities			(138,908)	233,996
Cash flows from financing		activities
Cash inflows from new borrowing									1,200,000
Repayments of borrowing								(42,581)	(834,190)
Repayment offinance leases								(37,310)	(47,710)
Interest paid								(41,578)	(27,691)
Net cash (used in)/provided		by	financing		activities			(121,469)	290,409
Change in cash and cash	equivalents			in the year				(325,219)	231,010
Cash and cash equivalents	at the		beginning		ofthe year			401,092	170,082
Cash and cash equivalents		at the end of			the year			75,873	401,092
The notes on pages 17to 37		form	part	ofthese financial		statements

eir estima	ted useful lives o	n the following bases:
Freehold	property	School Buildings and	facilities		of	specific
		nature - 4% straight line
		General School Buildings		- 2%	straight		line
		basis down to a residual	value
Motor vehicles		25% reducing balance
Fixtures and fittings		10%-20%straight line
Computer	equipment	25% straight line

	Unrestricted	Restricted	Total
	funds	funds	funds
	2021	2021	2021
Donations		3,075	3,078
	Unrestricted	Restricted	Total
	funds	funds	funds
	2020	2020	2020
Donations	1,500	8,794	10,294

				Unrestricted	Total
				funds	funds
				2021	2021
Gross Fees				3,199,491	3,199,491
Less: Bursaries		and other	allowances	(424,478)	(424,478)
Other incoming		resources		148,804	148,804
Coronavirus	Job Retention		Scheme grant	78,261	78,261
Total 2021				3,002,078	3,002,078

				Unrestri cted	Total
				funds	funds
				2020	2020
Gross Fees				3,053,231	3,053,231
Less: Bursaries		and other	allowances	(392,419)	(392,419)
Other incoming		resources		129,453	129,453
Coronavirus	Job Retention		Scheme grant	157,429	157,429
Total 2020				2,947,694	2,947,694

						Total
						funds
						2021f
Profit	on	disposal	offreehold	property
					Unrestricted	Total
					funds	funds
					2020	2020
Profit	on	disposal	offreehold	property	673,188	673,188

		Unrestricted	Total
		funds	funds
		2021	2021
Teaching		1,837,137	1,837,137
Household		483,190	483,190
Property		665,960	665,960
Support 8	Administration	377,983	377,983
Financing	costs	50,254	50,254
		3,414,524	3,414,524
		Unrestricted	Total
		funds	funds
		2020	2020
Teaching		1,817,631	1,817,631
Household		505,549	505,549
Property		619,540	619,540
Support 8	Administration	411,209	411,209
Financing	costs	43,005	43,005
		3,396,934	3,396,934

					Total
		Staff costs	Depreciation	Other costs	funds
		2021	2021	2021	2021
Teaching		1,548,760	20,839	267,538	1,837,137
Household		339,292	21,867	122,031	483,190
Property		182,064	125,148	358,748	665,960
Support 8	Administration	265,398	39,044	73,541	377,983
Financing	costs			50,254	50,254
		2,335,514	206,898	872,112	3,414,524
					Total
		Staffcosts	Depreciation	Other costs	funds
		2020	2020	2020	2020
Teaching		1,520,893	22,191	274,547	1,817,631
Household		349,048	20,981	135,520	505,549
Property		169,484	109,608	340,448	619,540
Support 8	Administration	260,212	42,059	108,938	411,209
Financing	costs			43,005	43,005
		2,299,637	194,839	902,458	3,396,934

			Support and
			Administration	Financing	Total
			cost	costs	funds
Administrative	overheads		29,311		29,311
Audit and professional		fees	44,230		44,230
Bank charges	and interest			50,254	50,254
Wages and salaries			231,172		231,172
National insurance			21,907		21,907
Pension cost			12,319		12,319
Depreciation			39,044		39,044
Total 2021			377,983	50,254	428,237

			Supportand
			Administration	Financing	Total
			cost	costs	funds
Administrative	overheads		76,392		76,392
Audit and professional		fees	32,546		32,546
Bank charges	and interest			43,005	43,005
Wages and salaries			227,730		227,730
National insurance			21,800		21,800
Pension cost			10,682		10,682
Depreciation			42,059		42,059
Total 2020			411,209	43,005	454,214

			2021	2020
Depreciation oftangible		fixed asset
-owned	by the charity		174,389	1M,525
- hire purchase			32,509	38,946
Auditor's	remuneration		12,370	12,720
Auditor's	remuneration	-other services	2,943	3,448
Operating	lease rentals		46,083	45,068

Staff costs
				2021	2020
Wages and	salaries			1,883,624	1,8M,958
Social security costs				166,076	164,519
Contribution	to defined	contribution	pension schemes	285,814	279,160
				2,335,514	2,299,637
Casual staff				54,668	88,262
				2,390,182	2,387,899

	2021	2020
	No.	No.
Teaching Staff	41	33
Other Staff	42	54
	83	87

2021	2020
No.	No.

	Freehold	Motor	Fixtures and	Computer
	property	vehicles	fittings	equipment	Total
Cost or valuation
At 1 September 2020	5,091,551	120,188	1,024,369	278,746	6,514,854
Additions	69,727	3,464	58,962	14,090	146,243
Disposals		(25,862)	(715)		(26,577)
At 31 August 2021	5,161,278	97,790	1,082,616	292,836	6,634,520
Depreciation
At 1 September 2020	1,300,861	67,063	682,419	195,288	2,245,631
Charge for the year	98,423	14,415	67,612	26,448	206,898
On disposals		(25,862)	(34)		(25,896)
At 31 August 2021	1,399,284	55,616	749,997	221,736	2,426,633
Net book value
At 31 August 2021	3,761,994	42,174	332,619	71,100	4,207,887
At 31August 2020	3,790,690	53,125	341,950	83,458	4,269,223

	2021f	2020
Computer equipment	36,127	48,172
Fixtures and fittings	57,898	63,375
Motor vehicles	17,382	50,470
	111,407	162,017

				2021	2020
Food, teaching		and housekeeping	supplies	14,825	9,960
Heating	Oil			6,089	10,860
				20,914	20,820

		2021f	2020
Due within one year
Fees outstanding		724,107	536,841
Other debtors		28,658	48,015
Prepayments	and accrued income	56,479	63,506
		809,244	648,362

			2021	2020
Bank loans and overdrafts			43,023	41,548
Payments received on	account		7,600	3,100
Trade creditors			94,435	172,678
Other taxation and social security			41,442	37,662
Obligations under finance lease and hire purchase		contracts	37,190	36,487
Fees in advance			101,033	103,516
Other creditors			42,870	35,836
Accruals and deferred	income		1,268,312	926,541
			1,635,905	1,357,368

				2021	2020
Bank loans				1,107,521	1,151,577
Payments received on account				34,000	29,100
Net obligations	under finance lease and	hire purchase	contracts	57,709	91,612
Fees in advance				123,362	145,051
				1,322,592	1,417,340
Included within the above are amounts		falling due as	follows:
				2021f	2020
Between one and two years
Bank loans				44,550	43,023
Between two and five years
Bank loans				1,062,971	1,108,554

Obligation	s u	nder	fina	nce leases and hire purchase con	tracts, included above, are payable as	follows:
					2021	2020
Between	one	and	five	years	57,709	91,612
					57,709	91,612

Statemen	t	offun	ds -curren	t year
				Balance at 1				Balance at
				September			Transfers	31August
				2020	Income	Expenditure	in/out	2021
Unrestricted		funds
General	Funds			2,538,445	3,002,081	(3,414,524)	8,794	2,134,796
Restricted		funds
Sports Hall		Fund		17,550				17,550
Capital Donations			Fund	8,794			(8,794)
Thatched	Pavillion		Fund		3,075			3,075
				26,344	3,075		(8,794)	20,625
Total of	funds			2,564,789	3,005,156	(3,414,524)		2,155,421

Statement offunds	Statement offunds	(continued)
Statement offunds		- prior year
			Balance at			Balance at
			1 September			31August
			2019	Income	Expenditure	2020
Unrestricted funds
General Funds			2,312,997	3,622,382	(3,396,934)	2,538,445
Restricted funds
Sports Hall Fund			17,550			17,550
Capital Donations	Fund			8,794		8,794
			17,550	8,794		26,344
Total offunds			2,330,547	3,631,176	(3,396,934)	2,M4,789

Analysis	of n	et assets between funds - current	year
			Unrestricted	Restricted	Total
			funds	funds	funds
			2021f	2021f	2021f
Tangible	fixed	assets	4,207,887		4,207,887
Current	assets		885,406	20,625	906,031
Creditors	due	within one year	(1,635,905)		(1,635,905)
Creditors	due	in more than one year	(1,322,592)		(1,322,592)
Total			2,134,796	20,625	2,155,421

16.	Analysis	ofnet assets	between	between	funds	(continued)	(continued)	(continued)
	Analysis	of net assets	between		funds	- prior year
									Unrestricted		Restricted	Total
										funds	funds	funds
										2020	2020	2020
	Tangible	fixed assets							4,269,223			4,269,223
	Current assets									1,070,274		1,070,274
	Creditors	due within one year							(1,357,368)			(1,357,368)
	Creditors	due in more than one year							(1,417,340)			(1,417,340)
	Total								2,M4,789			2,M4,789
17.	Reconciliation of net movement				in funds to		net	cash flow	from operating		activities
											2021f	2020
	Net income/expenditure		for	the	year	(as	per	Statement	of	Financial
	Activities)										(409,368)	234,242
	Adjustments for:
	Depreciation charges										206,898	194,839
	Profit on	the sale offixed assets									(2,544)	(673,788)
	Increase	in stocks									(94)	(2,084)
	Increase	in debtors									(160,882)	(479,694)
	Increase	in creditors									283,742	539,350
	(Decrease) in fees in advance										(24,172)	(133,951)
	Interest paid										41,578	27,691
	Net cash	used in operating		activities							(64,842)	(293,395)

cancell	ab	le operating leases as follows:
			2021	2020
Within	1	year	43,491	36,606
Between		1 and 5Years	68,027	56,063
			111,518	92,669