2020-07-31-accounts - Pipers Corner School

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			2020	2019
			Unrestricted	Total
			funds	funds
		Notes
INCOME AND ENDOWMENTS	FROM
Donations and legacies
Charitable activities
Administration and maintenance	costs
Fees and registrations			10,352,984	10,8&2,762
Other trading activities			144,392	44,568
Investment income			3,339	201
Total			10,500,715	10,928,179
EXPENDITURE ON
Charitable activities
Staffcosts			6,595,198	6,394,597
Administration and maintenance	costs		1,829,005	1,962,738
Depreciation			725,692	755,060
Fees and registrations			1,022,541	1,274,503
Total			10,172,436	10,386,898
NET INCOME			328,279	541,281
RECONCILIATION OF FUNDS
Total funds brought forward			12,&48,845	12,307,564
TOTAL FUNDS CARRIED FORWARD			13,177,124	12,848,&45

		2020	2019
		Total	Total
		funds	funds
	Notes	Z
FIXEDASSETS
Tangible assets	14	14,826,799	15,120,747
CURRENT ASSETS
Stocks	15	33,725	38712
Debtors	16	3,318,777	3,152,066
Cash at bank		2,249,717	2,086,919
		5,602,219	5,277,697
CREDITORS
Amounts falling due within one year	17	(5,034,154)	(5,138,155)
NET CURRENT ASSETS		568,065	139,542
TOTAL ASSETSLESSCURRENT
LIABILITIES		15,394,864	15,260,289
CREDITORS
Amounts failing due after more than one	year 18	(2,217,740)	(2,411,444)
NET ASSETS		13,177,124	12,848,845
FUNDS	21
Unrestricted funds		13,177,124	12,848,845
TOTAL FUNDS		13,177,124	12,848,845

	RECONCILIATION	RECONCILIATION	OF NET INCOME TO NET CASH	OF NET INCOME TO NET CASH	OF NET INCOME TO NET CASH	FLOW FROM OPERATING ACTIVITIES	FLOW FROM OPERATING ACTIVITIES	FLOW FROM OPERATING ACTIVITIES
							2020	2019
	Net income	forthe	reporting		period (as per the Statement of
	Financial Activities)						328,279	541,281
	Adjustments	for:
	Depreciation	charges					725,692	755,060
	Loss on disposal of		fixed assets					9,242
	Interest received						(3,339)	(201)
	Interest paid						49,813	58,893
	Decrease in	stocks					4,987	3,284
	Increase in debtors						(166,711)	(302,296)
	(Decrease)fincrease		in creditors				(136,264)	484,443
	Net cash provided		by operations				802,457	1,549,706
2.	ANALYSIS OF CHANGES			IN NET (DEBT)/FUNDS
						At 1.8.19	Cash flow F	At31.7.20 f
	Net cash
	Cash at bank					2,086,919	162,7S8	2,249,717
						2,086,919	162,798	2,249,717
	Debt
	Debts falling	due within1 year				(162,250)	(3,440)	(165,690)
	Debts falling	due after1 year				(2,030,398)	164,881	(1,865,517)
						(2,192,648)	'I61,441	(2,031,207)
	Total					(105,729)	324,239	218,510

3.	DONATIONS	DONATIONS	AND LEGACIES	AND LEGACIES
							2020	2019
	Donations							648
4.	OTHER TRADING ACTIVITIES
							2020	2019
								F
	Rent received						58,775	39,769
	Sundries	received					4,979	4,799
	Furlough	grant					80,638
							144,392	44,568
5.	INVESTMENT		INCOME
							2020	2019
	Interest received						3,339	201
6.	INCOME	FROM CHARITABLE ACTMTIES
							2020	2019
					Administration
					and
					maintenance	Fees and	Total	Total
					costs	registrations	activities	activities
						F
	School fees					9,856,978	9,856,978	9,958,565
	Bursaries,	scholarships		and allowances	(200,935)	(501,456)	(702,391)	(557,091)
	Discounts				200,935		200,935	191,364
	Registrations		received			30,250	30,250	2?,900
	Disbursements		income			585,334	585,334	588,480
	Designated income					56,142	56,142	78,515
	Transport	income				325,736	325,736	595,029
						10,352,984	10,352,984	10,882,762

					Support
				Direct	costs (see
				Costs	note 8)	Totals
Staff costs					6,595,198	6,595,198
Administration	and maintenance
costs					1,829,005	1,829,005
Depreciation					725,692	725,692
Fees and registrations				1,022,541		1,022,541
				1,022,541	9,149,895	10,172,436
SUPPORT COSTS
				Teachers	Welfare
		Management		and	and
		and administration	Finance	teaching assistants	support costs	Totals
		F			F
Staffcosts		1,127,538		4,870,029	597,631	6,595,198
Administration	and
maintenance	costs	639,166	49,813	234,359	905,667	1,829,005
Depreciation		3,699		33,288	688,705	725,692
		1,770,403	49,S13	5,137,676	2,192,003	9,149,895

		2020	2019
		F
Depreciation - owned assets		725,692	755,060
Other operating leases		205,124	245,208
Deficit on	disposal offixed assets		9,242
Auditors'	remuneration -audit	24,120	26,750
Auditors'	remuneration -other services	5,928	5,161
Operating	lease payments - other	8,850	9,878

Trustees expenses	p	aid fo	r the y	ear en	de	d 31	Suly 2020totalled F901(20	19-R454).
STAFF COSTS
								2020	2019
									F
Wages and salaries								5,081,233	4,989,812
Social security costs								465,005	474,346
Other pension costs								843,836	685,239
								6,3S0,074	6,14S,397
The average monthly		number ofemployees				during the year was asfollows:
								2020	2019
Teachers and teaching assistants								112	110
Management and administration								29	28
Welfare and support								14	17
Subcontracted catering staff								8	8
								163	163
The number ofemployees			whose	emoluments			exceeded F60,000were:-
								2020	2019
F60,001 - 870,000								2	3
F70,001 - F80,000								3	1
F80,001 - F90,000								0	0
FS0,001 - F.100,000								0	0
f100,000-8120,000								1	1
E120,000-F130,000								0	0
F130,000-F140,000								0	0
F140,000-2150,000								1	1
R150,000-2160,000								0	0
Value ofcompany pension			contributions		to	money purchase schemes
for employees whose		emoluments		exceedF60,			000.	212D330	f70358
Transactions with key management					personnel
								2020	2019
								F
Total compensation	ofkey		management		personnel			806,271	713,408

TANGIBLE FIXEDASSETS
	Freehold		Sundry
	property		buildings
	and major		and
	refurbishment	Farm land	equipment
COST
At 1August 2019	1S,900,110	591,177	650,104
Additions	274,558		14,179
At 31 July 2020	20,174,668	591,177	664783
DEPRECIATION
At 1August2019	5,433,486		646,184
Charge for year	669,070		6,754
At 31 July 2020	6,102,556		652,938
NET BOOKVALUE
At 31July 2020	14,072,112	591,177	11,345
At 31July 2019	14,466,624	591,177	3,920
	School	Grounds
	equipment	equipment f	Totals
COST
At 1August 2019	1,341,197	S4,1S7	22,576,785
Additions	80,346	62,661	431,744
At 31July 2020	1,421,543	156,858	23,008,529
DEPRECIATION
At 1August2019	1,282,867	93,501	7,456,038
Charge for year	36,988	12,880	725,692
At 31 July 2020	1,319,855	106,381	8,181,730
NET BOOKVALUE
At 31 July 2020	101,688	50,477	14,826,799
At 31 July 2019	58,330	6S6	15,120,747

15.	STOCKS
					2020	2019
	Household and		cleaning stock		33,725	38,712
16.	DEBTORS:AMOUNTS FALUNG DUE WITHIN ONEYEAR
					2020	2019
						F
	Trade debtors Other debtors				3,154,746 14,395	3,097,662 8,163
	Prepayments	and accrued		income	149,636	46/41
					3,318,777	3,152,066
17.	CREDITORS:	AIIOUNTS		FALUNG DUE WITHIN ONE YEAR
					2020	2019
	Bank loans and overdrafts			(see note 19)	165,690	162,250
	Trade creditors				109,854	215,542
	Other creditors Social security		and other taxes		19,572 230,913	17,565 207,041
	Pupils' deposits		held		306,750	296,000
	Accruals and deferred income				4,023,162	4,126,477
	Fees received		in advance		178,213	113,280
					5,034,154	5,138,155
18.	CREDITORS:	AMOUNTS		FALLING DUE AFTER MORE THAN ONE YEAR
					2020	2019
	Bank loans (see note 19)				1,865,517	2,030,398
	Accruals and deferred income				352,223	381,046
					2+17,740	2,411,444
19.	LOANS
	An analysis of	the maturity		ofloans is given below:
					2020	2019
					F
	Amounts failing		due within one year on demand:
	Bank loans				165,690	162,250
	Amounts falling		between one and two years:
	Bank loans				169+04	165,690
	Amounts falling		due between two and five years:
	Bank hans				514,281	518,450

	Minimum lea	se payments under non-	cancellable operating	leases fall due	as follows:
					2020	2019
	Within one year				8,107	8,730
	Between one	and five years			2,160	9,101
					10,267	17,831
21.	MOVEMENT	INFUNDS
				Net	Transfers
				movement	between	At
			At 18.19	in funds	funds	31.7.20
	Unrestricted	funds
	General fund	-general reserves	(2,507,046)	1,340,351	(694,760)	(1,861,455)
	General fund	-fixed assets	15,120,747	{725,692)	431,744	14,826,799
	Designated funds		25,000	12,739	(12,739)	25,000
	Bursary endowment		176,830	(302,037)	275,755	150,548
	PTA fund		33,314	2,918		36,232
			12,848,845	328,279		13,177,124
	TOTALFUNDS		12,848,845	328,279		13,177,124

Net movement in funds, included in the abov	e are as follows:
	incoming	Resources	Movement
	resources	expended	in funds
Unrestricted funds
General fund - general reserves	10,746,610	(9,406,25S)	1,340,351
General fund - fixed assets		(725,692)	(725,692)
Designated funds	20,547	(7,808)	12„739
Bursary endowment	{302,037)		(302,037)
PTA fund	35,595	(32,677)	2,918
	10,500,715	(10,172,436)	328,279
TOTAL FUNDS	10,500,715	(10,172,436)	328,279

Comparatives for movement in fun	ds
		Net	Transfers
		movement	between	At
	At 1.8.18	in funds f	funds	31.7.19
Unrestricted funds
General fund - general reserves General fund - fixed assets	(3,346,439) 15,466,779	1,452,915 (764,303)	(613,522) 4'I8,271	(2,507,046) 15,120,747
Designated funds	62,224	14,606	(51,830)	25,000
Bursary endowment	125,000	(195,251)	247,081	176,830
PTA fund		33,314		33,314
	12,307,564	541,281		12,848,845
TOTALFUNDS	12,307,564	541,281		12,848,845

Comparative net movement in funds, included	in the above are as follow	s:
	Incoming	Resources	Movement
	I'esoufces	expended	in funds
Unrestricted funds
General fund - general reserves	11,044,915	(9,592,000)	1,452,915
General fund - fixed assets		(764,303)	(764,303)
Designated funds	18,005	(3,399)	14,606
Bursary endowment	(195,251)		(195,251)
PTA fund	60,510	(27,1S6)	33,314
	10,928,179	(10,386,898)	541+81
TOTAL FUNDS	10,928,179	(10,386,898)	541,281