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2021-07-31-accounts

COtt t't.'PI'rs
Who wc an: 2-3
Governors,
OIFicrin arid		 Advisers
Annual
Report o I Ihc (Iovcrnors		 6-2 Ci
Stntenient ofC&overnins Rcsponslhilities 27
Independent Auditor's
Hep&irt		 28-3 I
Consoliihited Siaicmcnt ofI'inancial Activities 32
(:onsr&lidated and School Itnlancc Sheets
Consoliilatcd Cash Ftotv Statement 3&I
Statement,
el'		 Accounting Policies 35-38
Notes to the Financial
Statements

A intcd /Real
ncd		 I ~2 5 6
G.C. Laws Chair A ointcd 17 Mmeh 2012 (c)
S.Tunrer (Vice Chair until 5 Appointed 19January 2011
December 2020 Rcsi ncd 5 Occmrrhcl'2020
D.J.Atkins A inted I Se tembcr 2014
Prof S-J I)lnkentore A inted 17Junc 2017
A,K, Fahy Appointed I September 2014
Resi ned 13 March 2021
Dr M,A, Fenton Ad)pointed I Jat&tta
2014
A.R Harl A olnted I December 2018
IC Mus
rave		 e A t rInted I December 2018
KNi
ar		 A .lated 24 Sc lumber 2020
C.Nicholls A t tainted I Sc totnhcr 2015 c
S, Rolland A olnted 19Januat
2011
S,Shields Appointed 25 March 2017
S. 'I'idey Appointed 19Jmntaty 2011
Resi med 5 December 2020
J,J.Smith A olnted I Se tember 2020
N. Two iood A ointed I Se lember2015 c)
A, Wilcock A intcd 26 Nnvcmber
2016
3, Willimns (Vice-Chair from 5 Appointed I March 2018 "(c)
December 2020

fi ('hesham
Road
Rerklramsted
Herlfordshire
HP4		 3AA
Bankers NatWes( 13ank
P.O. Box202
l99High S(rcc(
Berkhams(ed
Her(fordshire
HP4		 IBH
Solicitors Venle Wnsbrough Vfzatds
Orchaixl Coute
Oivhard
Laiic
Bristol BSI SWS
Alii(i(el's Crowe U.K.LLP
58 Ludgale llill
London EC4M 73W
Invcsh»cnt Advisors 13rewin Dolphin
I2 Smithfield
S(rect
London ECIA 9BD
Insurance Brokers Aon UK I.imited
8 Devonshire
Srfunre
London EC2M 4PL
Propm'(y Advisers Aitchison
Raffcty		 Bidwclls
8 Cavciulish
Siiuarc		 Trumpington Ruiid
London W(G OPD Cambridge t'B2 9LD

Stakeholdcrs Why
ure		 tliey Our
approach		 Our
approach		 to
stakchoidcr
cugagcmcnt		 to
stakchoidcr
cugagcmcnt		 to
stakchoidcr
cugagcmcnt		 to
stakchoidcr
cugagcmcnt		 and and
important (o consideration
ln		 the Board's decision making
Bcrkhamsted Sci&ooH'
Parents Pm'ents
are the		 schoo('s Wc aim to involvo paircnts as inuch
as		 passible in the
customers
lind		 iilso join( rnnning of (hc scliooi
U)rough
open		 days, pnrents'
stakeholders in
the		 evenings and other evonh that showcase
thc. School's
development
pupils,
involveinent		 of
the
'I'heir
in
the		 strength
in nlusic, drama and spots.
In addition
the Governing
body
ls ahvays cognisant		 ol'
school
in
both
these		 the importance
of		 feo levels in attracting and retaining
capacities ls the
pupil		 hase and
places
great
importance		 in the
fundmnental to
the		 efficient rut)ning of the sclx)ol end the tigh( control of
success of the school fee increases.
and
wc nial
to		 folm
o
kcy
alliance		 with
Parcnrv
lhfoilgll		 sh'ong
an&I varied
communication.
Pnpils Our values of "Aim high 'I'he senior school takes a strong
pastoral
approach		 (o
ivith
integrity,
Bc		 lhe development of pupils by maintainltlg a ho&Isa"
adventunnes
nnd
Serve		 s(ructum which exists alongside thc academic
others"
are		 shnred timetable,

across tho Bcrkhan(stcd
family
of
schools.		 The pmpose
of assigning
all
pupils
to		 a house &vfth
Children
livm
Nursery		 dedicated
house tutors
is to ensure
that each individual
lb&vugh
Iv
Sixth
aml		 pupil
has a sense of belonging
snd
ready
access
to
slai1' too are encouraged i&ppl'oschabh.
O'Icn(bcl's ot s(aft' whn will		 look to &u1sure
to embrace
these
ideals		 thnt there is a strong focus on their &vellheing.
in
everyday
life.
Our
pupils
src
tho
very
1'cason thc school exists
and(heir dove lopment
is
at the heart ol'all we do.
Fmployees 0&II'
c&npl&&yees'		 We have
a Staff Consultntion
Committee
that		 meets
cvmmitmen(
to		 regulmly
nnd
rnises
matt&us
to
thc		 L'xceutivc for
developing
ouistanding		 discussion
and
decision
and
have		 a
volunta&y
snd rounded
individuals		 nrrangement
in
place
with
(hc
NASIJW'I'		 (tha
is essential
for us to earn		 NASIIW'I'
works to enhance
the status of thc teaching
the trust ofboth existing pro('cssion
to dclivcr
rani
improvements		 to tenchers'
an&i pl'ospcc(ivc
puren(s		 working
lives, seeking
to ensure
they
are recognised
so
that
they
have
thc		 and
rewarded
as
highly
skilled
professionals		 with
c&mf&d&n1cv
that		 working
conditions
thai enable
them
to		 focus on their
Bcrkhams(ed
School
is		 core mle ofteaching),
Iho
best
pince
for
the
cducs'(Ion
of
(hch'		 Wc have regular
all stai1'mee(ings
ns well as n v		 eekiy
CI1IklmI I, brieling
to cascade impo(tant
informntion		 to nil levels
ol the wvrkf'orce,
Berkhsn(sted
School
is committed
to promoting		 Ihc
health
and wellbcin
ofour workforcc.
Suppliers Wc rely on a The school
&vorks closely
with a wide		 range of key
range
oi'
suppliers
to		 suppliers
with
the sim of ensuring
that		 thc school's
&leliver
services
to		 requirements
in tcr&ns of service
levels		 and price are
ensure
the
school
can		 clearly understood
and delivered
upon.
operate
efficiently
and
effectively
for
tike		 h(
the
same
time
the
school
works
ethically		 with
bcnefi(ofour
pupils
nnd		 suppliers
settling
invoices
within
payment
terms		 snd
workforc&'..I(Is vital that rnising
queries promptly.
we build
strong
&vvrklng		 The school
has well-dcvclopcdi
in(crnnl		 processes to
relntlonships
with our		 ensure
that
suppliers'
Invoices
receive		 apprvpria(c
intcrmcdiarics, lovcls OI'authorise(ivn
for paymtn(t.
including
arcual
risk
n&snagcnlcnt
rn1d		 During 202 I the school has approved
an		 Anti-modern
custvn&cr sorvice, slave(y
policy
snd
implemented
a new		 supplier due
diligence
prvcedu&o.
C0111111(laityhv Ider We
recognise
tho		 We n(nke
our fncilities
available
t'rcc of charge		 to a
society &n1portance
Of		 nun1bcf of local
conuuunltv
gl'Cups
&vhclix.'1
(tv&(		 bc
contributing
to
our		 schools, spods clubs or disadvantaged
i&uilvl&lusls.
conlnlunitles
through
volunteering,		 In «ddition,
wc provide employment
opportunities		 fvr a
conununlty local teaming
disabili(y
employ(nant
charity.
invcstn1cnt,
aod
lvrlg-
(c&1u
artncrshi
s,
ln

addition, as asignificant
employer
in the m ca and
a large Imidowner
we
arc
fully
aware
ol' nur		 For signiftcan(
developmen(
activities,
planning
application
for n new Sixth I'orm
hold public ci!nsiil(aiions to discuss details
with all In(erected
padics mid to seek their		 such
as
ihc
building,
we
ofour plans
I'eedback and
responsibilities
with		 collect(is,
regard to Ihc importance
ol'sustainabili(y
and tlic
in(pact
our
decisions
may have on cliinatc
Regulators chan e.
We
tllld elslilli(l
'Ill it t
regulators
nre
kcy
in
main(sining
thc
credibility
of both
the
school
and
ihc
sector
that we opera(c in. Thc
school strives io bc I'ully		 The
Senior
lvtanagcmcnt
oi' the
School
are
fully
involved
in all atcas whcm
the School is subject
to
regulatory
control.
School Governor
Commiticcs
will
he kept informed of all regulatory
review cute&!mes mid
reconimcndations
and governors
will then ensure
LhaL
Seliior
Ivlallagclilelit
acts
ilpon
Iccomlnclldntions
to
resolve any areas ofstructural
or prixicss wcaloicss,
compliant
in all nrercs in
wliich
wc face external
regulatoiy
review
nnd
ensures
that
any
regulatoiy
changes
are
understood
anil
acted
upon quickly.
Donors Dollatlolls
lo
the
school's
charitable
en(i(y
provide
opportuni(ics
to		 All donations
are gratofully
received aml acknowledged
by the school,
Donors arc niade aware
by Lhc school
wcbsite and otlier I'orms ol'communication
ofhow their
donations
are
being
used
(o
provide
educntional
increase
ihc
public		 opportuniti
ca,
benelit
I'rom
the
delive(y of thc scluxil's
main
charitable
nim of
promoting
the edocntion
oi'its pupils,
Alumni The
School
rccognises
the
impoisancc
of
its
almnni
in ilia( they
are
the represent;itlon
uf the
delivery
of' Ihe School's		 The School niaintalns
Lontart
with
its alummi
through
its links with the Old Derkltnmstcilimis
orgmiisa(ion
and
also through
the Berkhatnsted
Socio(y which
has been
sct up by the School toencoumge slrongci. relationships
between
the town of lim'I(hamsted,
thc School and its
talent
and
expertise
in		 alumni.
teaching
and
pnsioral
cnre.
'I'hc School also
regnrds
i(s alumni
as a
strong link to tire outside
world
which
can
provide
further
Iienclit
to c(ll'I'alit pupils,

UK:ind Offshore
Minisnre Unl(s 2020/21 2019/20
Energy consungltion used to &nilculate emissions Total Fnergy (kWh) 7,745,960 7, I I8,570
Enlissions from the combustion of gas Scope
I (tonnes		 I,O I2 915
CO2e
Enlissions
t&tais
ot'I		 I'rom thc combustion of fuel I'oi Scope
I (tonncs
CO2eg		 l9 I9
Fmlssions
based		 fiom putrchased
electricity		 (location Scope 2 (tonnes
CO2e)		 504 527
Emissions
tl'allspol'I		 froiii thc combustion of fuel ioi Scope 3 (tonnes
CO2c
Tolnl gross tonncsCO2o Scope I, 2 nnd 3 1,535 I416I
Illtcnsity
I'allo, ' Gross
students		 lolltlesCO2c / ntllnbei' ot Intensity
ratio		 0.7668 0,7282

1/mnstrictcd 1/mnstrictcd I)unds Restricted Restricted Fn(lov (ncnt Year Yettr
I tttids tmd F.aded Ended
Notes Btlthlttlg IitIY July
Funds 2021 2020
School
f.'000		 l)r»ignatcd
6'00C)		 8'000 8'000 Toial
r/000		 Total
6'000
Income and cndoivtncnts
from C:hariiable activi(ics
School fees receivable
Anoillaty
tntding
inc»(nc		 I
2		 33,697
1,675		 33)697
I,Ci75		 3(),563
1,)114
Other tradi»g nriivlties
Non.ancillary
trading
&ncome		 3 1,074 i)074 930
Invest!nants
It)vest(i'Icttt. It!collie
Bank and other interest,		 55
I		 55
I		 57
54
Vol(inta
ry sources
Grants and do»»lions		 43 96 84 Ci1I 1,303
'I'ot»l Incan&I»g Resource» 36,890 84 37&113 34,321
Expenditure
ou:
Itaising fltuds
Non-ancilht
ty hiding)
Fundraisllig
a)id l)cvcloptttctlt		 4 911
20		 911
20		 976
26
Total dcduetible
cost»		 931 931 1,002
Cttaritabic
activities
Education
and grant making		 4 31,756 1,430 69 33)350 32,350
Total expenditure 4 32,6h7 I 430 95 69 34)281 13,352
Net income/'(expendiiurc) 4,203 (1,387) 15 2,832 969
before trnnsfer»»nd
tt(Ycstnictlt gttllist(los!)es)
O)sins/(losses)
on investmonts		 152 376 528 (208)
Nct income/(expenditure) nfter 4,203 (1,235) 391 3,360 761
gait)a(losses)
on it)vest)tie)its
'I'ransf(»
behveen
funds		 14 (4,203) 4,203
Net movemeni
iia funds		 2,968 I 391 3,360 761
Futid balt(&tees at I At)i'ttsl 32,530 190 7,595 40,315 '39,554
2020
I(and balnnces»t
31.Iuly		 15,498 191 7,986 43,675 40,315
2021

t8&'cup t8&'cup School School
Notos 2021 2020 2021 2020
Fixed nsscis f'(100 f'000 f'000 f'000
Land and buildings
Other taiikihle assets
In(angible fixed assets
Investments		 6
6
7
8		 39,256
656
6
3,141		 36,694
784
100
2,322		 39,256
6&56
6
3 141		 36,694
784
57
2,322
213,059 39,900 43 059 39,857
Current
assets
S(nrk 9 7 54 7 521
Debtors
Cash at bank &aid in hm&il		 10 923
6 667		 981
5,857		 90:I
6,003		 1,006
5,792
6,997 6,892 6,91'I 6,852
Credl(ors;
Am&&unls
Veal'		 falling due within one 11 (S,812) (S,681'I (5,729) (S,S98)
Nc( current a~sets / (liabilities) I 185 1,211 1,185 1,2S4
Total esse(s less current liabilities -'14,244 416111 614,244 41,111
Credi(urs;
Amounts		 falling due alter onc your 12 (569) (796) (569) (796)
t&Ie( assef8 43,675 40,315 43,67S 40,31S
Kndown&cnt
and l&uildink		 funils 16la 7,8)86 7,595 7,986 7 58)5
Restricted
funds		 14h 191 190 I ') I 190
Uares(ricled
I'unde
Dcsivna(ed
flit&ds		 14c 356498 32,530 35,498 326530
To h& I funds 43667S 210,315 43767S 40,315

Nlotc 2021 2020
8 noo f.000 8 ooo t. ono
Net cash luflolv from opersltions
Net. cash provided
by operating
activities		 ~4717 I 5616
Cash tllnvs
I'rain iuvcstiug
activities
Pliyments
Iinr tattglblc
fixed assets		 (4,270) (I 918)
Payinents
t'r!r intangible
fixed assets
Decrease in cash hckl
v ithin Investment		 portt'olio (292) (750)
lavcstnlcrlt
hlconlc anil hank interest
Net cnnli used in investlnl! nctiviiies		 received 55~4.5()7 I I I ~2,557
Cmsh ltolvs from finnucing
nctiVllies
Rank loan repayments
Change
in cash and cash cq»ivnricnts		 in the ivpoding 210 (991)
period
Cash mid cash cqtrivalcnts
at the beginning		 of:Ihc period 5,857 6,8418
('ash and cash eq»ivnlcnbs
al lhc cnd		 ofthe pei1od 6,067 5,857
Rcconcilintion
ofnet income		 to nct cnsh flow from riperating aciivities
2021 2020
15000 I'000 8 ooo 6 oon
l5lct hlcrimrtlg
res»»lees		 2,832 969
Elimination
ol non-operating
Investnient
incctnc		 cash flows: (55) (111)
Finance costs 18 14
Depreciation
charge
Atnorlisation
chrnge		 15155
58		 1,336
58
Loss/(pr»lit)
orl disposai ofa lixed asset.
Der;re;is5C / (Increase)
in stock
Decrease / (Inctvnsc)
in dcbtots		 700
47		 (9)
(117)
(Dccmasc) / Incr'ease
nl creilllofs		 (cxchlditlg feels»l 359 (516)
advance scheme
nnd dcl»ISILs)
Deere»sc in fees in advance scheme cmdltors (SSI) (73)
Inr;iunsc
in parents'
deposits		 99 45
1,88S
Net ciish inflow fiom oper)atiolns 4,717 t, SG6
(ii)
Aunlysis
I!fcrash and cash cqnivnlents		 2021 2020
8'tioo f,'(100
CILsh Hl britlk ~6067 5 857

3 SCHOOL PEES SCHOOL PEES 2021 2020
Fees receivable consist of; I'000 g'000
Oross fees
Less; Bur)aries, (ilnitts and AIlosvnllccs
Legs; 'I'i lnity lerm COVIC)-19 fcc concession
Add back; Scholarships
paid for by Restricted		 I'unils 36,972
(2,146)
(1,224)
95		 35,553
(2,097)
(3,038)
145
33,697 30,563
2 ANCILLARY 'I'RAI)liV(' liVCOME 2021 2020
X'000 I 000
ltcgisimti on lees 101 84
Fstrn-currimilm lessons ()35 602
I-lire nnd lettings Income 78 87
hicome arising
Crom school		 trips 301
Other income 861 340
1,675 1,414
3 NON-ANCILLARY
TRAI)IN(' INCOME		 2021 2020
f,'000 X'000
Membership
fees
Hiin of' tiicllities		 39
30		 90
125
Cfnsscs mid mlniissions 34 16
Other income 388 28
Nillsely
cafe		 535 514
Iloliday camp 48 157
1,074 930

(a) Toial cxpcmlitu re
Stair Other 'I'otnl Total
Costs
12000		 Depreciation
)7000		 Costs
X'000		 2021
f.'0011		 2020
8'000
Raising
fan&la
'I'red ing costs
Fwulruising
fm' voluntary		 684 227
20		 911
20		 97G
26
resources
'fetal costs ofraising funds 247) 931 1,002
Cha&'itable activities
Tenching
Welfare
I'rcmises
repair and		 17,473
34
1,808		 1,565 3,248
1,756
4,244		 20,9GG
1,790
7)G17		 21,')52
1,419
6,319
Il)aII\tcuance
Support costs and governance
Funding
ol scholarships		 l,?25 906)
9S		 2,882
95		 2,512
148
Totnl clmrita bio ospotuliturc 21,240 1,861 10,2)19 33$5t) 32,3SO
21,924 1,861 s)rd)6 ))))) 3)))2
2020 2),956 ),3)17 )0,00s) 33,352

2021 2020
f.'000 f)000
Manage&nent
time		 4?
Auditor)s
fees
Aud&&		 3? 39
Tax compliance
Other Services
Governors
Indemnity
Legal nnd professional		 insurance
fees		 13
3
12
78		 17
10
56
194 170

2021 2020
20000 8'000
Totnl staff costs c«n&prise:
Wages and salaries
Social security costs
Pension contributions		 16,791
1,650
34109		 16,96&J
1,628
3,280
21,850 21,871
Aggregaie cmpl&&yc&. benefits ofkey managcmenl, personnel 1419 135&
2021 2020
J.'200,00I - 8210,000 I
8160,001 - f.l70,000 0
f,110,000 —8120,000 I
890,001 - 8100,000 I
f80,001 - 890,000
f70,001 - 880,00')		 4
6		 7
J:60,001 - 870,000 25 17
30

he ave&age nu mber
ol'employees
during
tho year		 was made up as follows;
2021 2020
Full I'art I'u I I I'a t4
thlle I&Inc time Tlute
Teaching staff
School based suppot& staff
Maintelsallee
and dontestic staff
Adminlstrntive
and sport Centm		 188
91
33
19		 79
92
31
19		 194
')2
33
18		 79
92
33
19
331 221 337 223

Land and Furniture
nn&l		 Ivtutor Total
Bail&lings Fquipntcnt Vehicles
Cost S'000 8'000 A'000 1000
I August 2020
A &kl it I one
Disposals		 44,956
4,072
~777		 4,279
92		 672
76		 49,907
4,240
1777)
31 July 2021 48,251 4,371 748 53,370
Dept'eclatlo&1
I August 2020
Charged
in thc year
Disposals		 8,262
829
(9 )		 3,728
203		 439
93		 12,rl29
1,125
31 July 2021 8,99S 3,93 I 532 13,458
Net hook value
31 July 2021		 39,256 440 216 ' 39912
31 July 2020 36,694 551 37,478

INTANGIBLE ItIXED ASSETS
GROUP So lava tu
costs
J."000
Cost
I Aug,nst 2020		 3I2
Additions
Disposals		 ~36
31 July 2021 276
Depreciation
I August 2020
Charged
in thc year		 212
58
31 July 2021 270
Net book value
31.iuly 2021
31 July 2020 100
itCIIOOL
Soihvarc
costs
r.'000
Cost
I August 2020		 255
Additions
31 July 2021 255
Depreciation
I August 2020
Charged
in the year		 I '98
5l
31 July 2021 249
Net book value
31 July 2021
31 J«ly 2020 57

're(at Tul:i I
202J 2020
g'000 g'000
Market valuo a( I hi(gust 2020 2,322 1,787
Capital
invested		 292 750
Miuliigcillelil cliarges (19) (15)
Revaluation 528 (208)
Net dividend income retnincd in 18
Investmcn(
Fnnd
Markc( value nt 31 July 2021 3,141 2,322
Designated frcs(rioted Fndowment 'I'ntal ToIal
mid I)uilding 2021 2020
8'000 f.'000 000 12000
Miuulgc(I
porttbtio		 1,165 1,97&i 3,141 2,322
lvlarkct valiio a( 31 July 1,165 1,976 3,141 2,322
I-listorical cost of invcstrncnts 1,079 1,367 2,446i 2,047
Invcsunents
are represented
hy (a( mnrket value):
2021 2020
J'000 J,"000
UK equiiy shares 815 62&i
UK bonds 178 253
Overseas bonds 129 48
Overseas equi(y shares
Other investments		 1,402
458		 880
282
Cash 159 233
Tuhil 3,141 2.322

0 STOCK (sloop School
2021 2020 2021 2020
fyooo y.'000 8'000 f,'ooo
Stock ofgoods for tresale 7 54

(a)
BKtr		 r()RS: Ansounts
duc wi		 thin
onc yenr
Group School
2021 2020 2021 2020
y'000 8 OOO 8'000 f,'00(l
l.ees t'eccivable 21 48 21
t&ccoverable disburscmmtts 37 82 37 82
Tra&lc debtors 136 35
Other tlcblnrs mtd prepaymrnls 531 612 530 608
Due from subsidiary under(aking 31
725 777 70G 802

GI'oup School
2021 2020 2021 2020
f'000 r'000 g 000 f.000
Othe&' dcb(u&u;nld prepay»to&its 198 2()4 198 204
198 204 198 204

O&'oup School
2021 2020 2021 2020
f.'000 f.'000 r,'000 8'000
I ccs &'ccc&ved hl adva&lcc 546 746 546 746
Payments
received
&tn account
I'ccdeposi(s held at year end
Trade creditors
O(her tages mtd national
insure»cc		 c&nttributions 249
2,243
1,010
419		 220
2,144
816
452		 24&)
2,232
1,001
419		 220
2,135
796
452
Other crcdi(&)rs :&29 638 526 638
Accrue(a 552 554 540 514
Deferred
income
13ue to subsidiary		 u»dcr(a(clogs 264 111 211
4		 8(
16
5,812 5,681 5,728 5,598

Group Scl»)el
2021 2020 2021 2020
6'000 f.'000 f,'000 f.'000
secs received
in advance
Dcfcrred income		 442
127		 796 442
127		 796
569 796) 569
2021 2020
f.'000 f'000
Balance at I Augu»12020 1,542 I,r)15
New co»tracks
l&cpayn)eats
Ain)»mts
used in pay»ient offees to the srhool		 (858) 929
(60)
(942)
Balance at 31 July 202 t 1,542

3
ALL		 OCATION Or SCHO OL NE OL NE T ASSETS
Tangible t)xed Investmel&ts (Jthor nssets/ 'I'otal
assi ts (liabilities)
8'000 f. 000 k'000 8'000
L'ndo&vmrn&t and building 5,723 3,141 (878) 7,986
funds
Restricted
funds		 191 191
Unrestricted
Designated		 I'unds;
funds		 34,184 1,314 35,498
Rotained
income		 (5)
39,912 3,141 622 43,675
2(121 2020
Unrcalised g&ins/(losses) included above In invostmenbu f.'000 8'000
Emknv&nent
Designated		 an&i building
funds		 I'unds 376
152		 (163)
(45)
528 (208)

4n
ENDOWMENT		 AND BUIL AND BUIL DING 1 )UND S
Balance Incoming Resources Inves(mettt Tl'&1ltslel's Dahmcc
I'csotll'res Expended gains/(losses)
I August
2020
J."000		 f,'000 8'000 31 July
2021
k'000
Represented
by:
Land al1d		 5,7'J2 (69) 5,723
huildings
Anltlvelsary		 104 188
Iron&I
Scholarship
and		 1,699 376 2,075
pl'lae fttnd 7 595 84 69) 376 7 986
141)
RESTRICfED		 PUNJ)S
Thc I90 191
I)erkhamstcdlan
Foumlntion
500n Anniversary ')5 (95)
Irund 190 96 95 191
14c
DESIGNATED		 1)UNDS
The 115 118
IJerldtamstcdian
I'oundation
500n Annivetsttry		 40 152 204 I, 196
Fund
J.nnd and buildings
Iieathorton		 31,370
245		 (I4130) 3,999 33,939
245
Oeveioplnent
Ftlnd		 32,530 43 1,430) 152 4,203 35,498
14d
UNRESTRIC		 I'ED EEJNI)S
School funds 36 890 32,687 4,203
14e
'I'OTAL EIJNDS IIELD
TOTAI. RUNDS 40,3I5 37,113 34agI 528 43,675

X'000
Unapplied
(oiai		 return at 3August 2020 554
Add: 1m&vs(melit gflilis 376
Less: Rcsnurces expended
Unapplied
to(al		 refnrn before iriinsfcu to income
I.ess: transfer
(v		 income
Uniipplicd
totnl		 return ut 31July 202( &(30
Addi'core value 1,145
Scholarshifi
und		 prize fumf assets a(31July 202( 2,075

results
for the year anti retain		 ed
capita		 ed
capita		 l mid reserves
nre shown below
:
:
Bcrlihamstcd
Day Nursery
Pro/i/
IIIII/ /oar uccomi/		 Limited 2021
2020
f.'000,8'000
Tul1tover 657 557
Totnf expciu! I(irre
Profit before tax and gifl aid		 (571)
86		 (536)
21
Taxation
Gffl Aid
Profit /(fons) atter tax and gifl aid		 (86) (21)
/fa/ance
s/Icc/
Totai assets
Total li«bifilies
Nel assets		 53
(53)		 58
(58)
Costs recharge(i
from Berkhams(cd		 Schools Ciroup 36
Amnnnt
OWed fium /(tO) Berklmniated		 SrhOOIS GrOup (31)
Berkhamstcd
Sclicol gnterprises		 Limited 2021 2020
PI'Ofi/ arir//iiss
uccoim/		 f.'000 f'000
Till'Ilovcr 466 46I5
Total cxpeiiifiture
Profit before tax and gifl uid		 (355)
I I
I		 (455)
10
Taxatloll
Gffl Aid
profit /(loss) al'ier tax and gifl		 aid (10)
/fatuitous/tce/
'I'oint assets 41 73
Total liabilities
Nci assscts		 (41) (73)
(:osts recharged
fi'om Bei'Iihanistcd		 Schiiols Group 14 I3
Auioillit owed fl'on1 Bcl'khuui'. Illxl Schools Group (7) 16

2021 2020
f.'000 ko000
Plnnt nnd machinery:
Due
Duc		 within
ono year
bc(wccii one nnd five years		 8Iti
54 I		 i842
760
1,357 l,602

OURES BYFIJND TYP E
Yenr Ended 31July 2020
unrestricted Funds iten&rioted Endo&vment
Funds nnd
Building
l)ands
School Designated Total
f.'000 8'000 5'000 e000 5 000
Incnmc nnd
cndu&vu&a&&is		 f&'on&
CharltnMc
activities
School li.cvnmcivablc 30,5G3 30,563
Ancitlmy
trading
income		 1,414 1,414
Other 1m&ling nctivities
Non-ancillary
trading
h)cumc		 930 930
Other nctivities
Investments
h&vesnncnt
lncon)c		 57
Bunk mnl other interest 54
Voluntary
sources
Grants
nnd dona&lens		 1 153 51 66 43 ~I3U3
Tntal incoming
Resources		 34 161 43 34321
Expenditure
on:
Raising
funds
Nnn-ancillary
trading		 976 97()
I)undraising
nnd Developmun&		 26 2G
Total deductible
custs		 ~1002 1,002
Charlial&lc netivitles
Fducntion
and grant n)lakinn		 31,5121 712 148 69 32,350
Total espendlture 32,423 712 148 59 33 352
Net incun&lng
I'unds
from		 operations 1,73 8 (661) (82) (26) 969
l&cfore tronsfers
and invest&un&t		 gains
Onion/(losses)
nn 8)vcsuncn&s		 (45) (163) (208)
Transfer
bet&veen
funds		 1 738 1,738
Nct movement
in funds		 1,032 (82) (189) 761
Fund balances at I Augus& 2019 31 498 272 7,784 39,554
I'und
hnlances
at3l,luly		 202U 32 530 190 3 \95 511 315

Year Lie&le&I 31July 2 0ZQ 0ZQ 0ZQ 0ZQ
21a
KNDOWIVIVNT		 AND BUILDING 1&UNDII
Bnlmtce Incoming Resources Investntent 'I'rnnsfcrs Balance
resources Rxpewled gains/(I oases)
I August 31 July
201&) 2020
E'000 f,'000 12000 E'000 E'000 E'000
Represented
by:
Land and 5,8() I (69) 5,792
buildings
5000A &till ye&sary 61 104
Fund
Scholnrship
aud		 (163) 1,699
p«'ac
Rut&I
7,784 43 (69 (163 7 595
21b
RL&STRIC'I'Vt)		 VtiNDS
'I'hc 190 3 (3) 190
Horkhamstcdian
I-'nundatlon
500'" Anniversary
Fund		 63 ( I¹5)
272 66 118 190
2lc
DL'SIGNATKD		 FUNDS
Thc 112 I I5
Borkhumstedian
Foundailon
SQQ'
' Anniversary		 48 (45) 199 800
Fund
Land anil buildings
Hcatherlon		 30,543
2¹5		 (712) 1,539 31,370
245
l)evelnpment
Fund
313I98 51 712 45 I 738 32,530
21d
UNRKSTRIC. fED		 1&UNDS
Sclwnl
liinds		 34,161 32,423 1,738
21e
TOTAL FUNDS		 IIELD
TOTAL FUNDS 39,554 34321 33 352 208 40 315i

Tiuigiblc fixed Investmonts Other assets! Total
assets
f,'000		 f, nnn (liabilities)
y.'000		 f.'000
Vndowl1tcli( and L)lllldl118 5,792 2,322 (519) 7,595
fiiiuls
Restricted
funds		 190 190
ttntestrtcted
13osignated		 funds;
funds		 31,015 915 32,530
Rriailiril
illcoiiie		 71 (71)
37,478 2,322 515 40,315