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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|
##
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|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|
##
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##
##
##
|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|
##
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