|||Page|| |---|---|---|---| |Strategic Report|1|to|2| |Report ofthe Trustees|3|to|8| |Report ofthe Independent
Auditors|9|to|12| |Statement of Financial Activities||13|| |Balance Sheet||14|| |Cash Flow Statement||15|| |Notes to the Cash Flow Statement||16|| |Notes to the Financial Statements|17|to|29| |Detailed Statement of Financial Activities|30|to|31| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||31.7.21|31.7.20| |---|---|---|---|---| ||||Unrestricted|Total| ||||funds|funds| |||Notes||F| |INCOME AND ENDOWMENTS|FROM|||| |Donations
and legacies|||1,234|| |Charitable
activities||||| |Fees and registrations|||11,364,290|10,352,984| |Other trading
activities|||73,474|144,392| |Investment
income|||2,012|3,339| |Total|||11,441,010|10,500,715| |EXPENDITURE ON||||| |Charitable
activities||||| |Staff costs|||7,081,631|6,595,198| |Administration
and maintenance|costs||2,223,842|1,829,005| |Depreciation|||706,582|725,692| |Fees and registrations|||1,070,804|1,022,541| |Total|||11,082,859|10,172,436| |NET INCOME|||358,151|328,279| |RECONCILIATION
OF FUNDS||||| |Total funds brought forward|||13,177,124|12,848,845| |TOTAL FUNDS CARRIED FORWARD|||13,535,275|13,177,124| ## |||31.7.21|31.7.20| |---|---|---|---| |||Total|Total| ||Notes|funds
f|funds| |FIXEDASSETS|||| |Tangible assets|14|14,312,379|14,826,799| |CURRENT ASSETS|||| |Stocks|15|32,330|33,725| |Debtors|16|3,682,313|3,318,777| |Cash at bank||2,853,067|2,249,717| |||6,567,710|5,602,219| |CREDITORS|||| |Amounts
falling due within one year|17|(5,335,332)|(5,034,154)| |NET CURRENT ASSETS||1,232,378|568,065| |TOTAL ASSETS LESSCURRENT|||| |LIABILITIES||15,544,757|15,394,864| |CREDITORS|||| |Amounts
falling due after more than one year 18||(2,009,482)|(2,217,740)| |NET ASSETS||13,535,275|13,177,124| |FUNDS|21||| |Unrestricted
funds||13,535,275|13,177,124| |TOTAL FUNDS||13,535,275|13,177,124| ## |||31.7.21|31.7.20| |---|---|---|---| ||Notes||| |Cash flows from operating
activities
Cash generated
from operations
Interest paid||1,003,294
~37,832)|802,457
~49,813)| |Net cash provided|by operating
activities|965,462|752,644| |Cash flows from investing
activities
Purchase oftangible fixed assets
Interest received||(192,161)
2,012|(431,744)
3,339| |Net cash used
in|investing
activities|~190,149)|~428,405)| |Cash flows from
Loan repayments|financing
activities
in year|~171,963)|~161,441)| |Net cash used
in|financing
activities|~171,963)|~161,441)| |Change
in cash
in the reporting|and cash equivalents
period|603,350|162,798| |Cash and cash equivalents
at the
beginning
ofthe reporting
period||2,249,717|2,086,919| |Cash and cash equivalents
at the end
ofthe reporting
period||2,853,067|2,249,717| ## ||RECONCILIATION|RECONCILIATION|OF|NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES|NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES|NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES|NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES|NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES|NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES| |---|---|---|---|---|---|---|---|---|---| |||||||||31.7.21|31.7.20| ||||||||||E| ||Net income|for the|reporting|||period (as per the|Statement of||| ||Financial Activities)|||||||358,151|328,279| ||Adjustments|for:|||||||| ||Depreciation|charges||||||706,581|725,692| ||Interest received|||||||(2,012)|(3,339)| ||Interest paid
Decrease
in|stocks||||||37,832
1,395|49,813
4,987| ||Increase
in debtors
Increase/(decrease)||in creditors|||||(363,536)
264,883|(166,711)
~136,264)| ||Net cash provided||by|operations||||1,003,294|802,457| |2.|ANALYSIS OF CHANGES||||IN|NET FUNDS|||| ||||||||At 1.8.20|Cash flow|At 31.7.21| ||Net cash||||||||| ||Gash at bank||||||2,249,717|603,350|2,853,067| ||||||||2,249,717|603,350|2,853,067| ||Debt||||||||| ||Debts falling|due within||1 year|||(165,690)|(3,514)|(169,204)| ||Debts falling|due after 1 year|||||~1,865,517)|175,477|~1,690,040)| ||||||||~2,031,207)|171,963|~1,859,244)| ||Total||||||218,510|775,313|993,823| ## ## ## ## ## ## ## ## ## ## ## ## ## |3.|DONATIONS
AND LEGACIES|DONATIONS
AND LEGACIES|31.7.21|31.7.20| |---|---|---|---|---| ||||F|| ||Donations||1,234|| |4.|OTHER TRADING ACTIVITIES||31.7.21|31.7.20| ||Rent received
Sundries
received
Furlough
grant||33,287
13,657
26,530|58,775
4,979
80,638| ||||73,474|144,392| |5.|INVESTMENT INCOME||31.7.21|31.7.20| |||||E| ||Interest received||2,012|3,339| |6.|INCOME FROM CHARITABLE ACTIVITIES||31.7.21|31.7.20| ||||Fees and|Total| ||||registrations|| ||||activities|| ||||F|E| ||School fees
Bursaries,
scholarships
Discounts|and allowances|10,912,536
(812,443)
220,139|9,856,978
(702,391)
200,935| ||Registrations
received
Disbursements
income||42,000
354,555|30,250
585,334| ||Designated
income
Transport
income||9,807
637,696|56,142
325,736| ||||11,364,290|10,352,984| ## ## ||||||Support|| |---|---|---|---|---|---|---| |||||Direct|costs (see|| |||||Costs|note 8)|Totals| |||||E||| |Staff costs|||||7,081,631|7,081,631| |Administration|and maintenance|||||| |costs||||12,223|2,211,619|2,223,842| |Depreciation|||||706,582|706,582| |Fees and registrations||||1,052,471|18,333|1,070,804| |||||1,064,694|10,018,165|11,082,859| |SUPPORT COSTS||||||| |||||Teachers|Welfare|| |||Management||and|and|| |||and||teaching|support|| |||administration|Finance|assistants|costs|Totals| |||||E|F|E| |Staff costs||1,269,409||5,167,191|645,031|7,081,631| |Administration|and|||||| |maintenance|costs|608,176|37,832|268,821|1,296,790|2,211,619| |Depreciation||4,539||40,845|661,198|706,582| |Fees and registrations||13,701|||4,632|16333| |||1,895,825|37,832|5,476,857|2,607,651|10,018,165| ## ## |NET INC|OME/(EXPEN|DITURE)||| |---|---|---|---|---| ||||2021|2020| ||||F|| |Depreciation
-owned||assets|706,581|755,060| |Deficit on|disposal of|fixed assets||9,242| |Auditors'|remuneration|- audit|21,600|26,750| |Auditors'|remuneration|-other services||5,161| |Operating|lease payments
-other||12,834|9,878| ## ## ## ## |Trustees expenses
paid for the year ended 31
STAFF COSTS|July 2021 totalled
anil (2020 -f901).|| |---|---|---| ||31.7.21|31.7.20| |||E| |Wages and salaries|5,448,078|5,081,233| |Social security costs|516,613|465,005| |Other pension costs|883,147|843,836| ||6,847,838|6,380,074| |The average
|monthly
number
ofemployees
during the|year was as follows:|| |---|---|---|---| |||31.7.21|31.7.20| |Teachers and|teaching assistants|119|112| |Management|and administration|32|29| |Welfare and support||16|14| |Subcontracted|catering staff|8|8| |||175|163| |The number ofemployees|The number ofemployees|whose emoluments|whose emoluments|exceeded 660,000were:-||| |---|---|---|---|---|---|---| ||||||2021|2020| |860,001 - 870,000|||||2|2| |F70,001 -F80,000|||||3|3| |F80,001 - F90,000
f90,001 - F100,000|||||0
1|0
0| |F100,001-f120,000|||||0|1| |f120,001-2130,000|||||0|0| |F130,001-2140,000|||||0|0| |8140,001-2150,000
f150,001-6160,000|||||0
0|1
0| |E160,001-f170,000|||||1|0| |Value ofcompany
pension||contributions|to money purchase|||| |schemes for employees|whose emoluments|||exceed 260,000.|8136433|812033D| |Transactions
with key|management||personnel|||| ||||||2021|2020| |Total compensation
ofkey||management|personnel||884,236|806,271| ## ## ## ## |14.|TANGIBLE FIXEDASSETS|||| |---|---|---|---|---| |||Freehold||Sundry| |||property||buildings| |||and major||and| |||refurbishment|Farm land|equipment| |||E||P| ||COST|||| ||At 1 August 2020|20,174,668|591,177|664,283| ||Additions
Disposals|126,805
~31,611)||~57,470)| ||At 31 July 2021|20,269,862|591,177|606,813| ||DEPRECIATION|||| ||At 1 August 2020|6,102,556||652,938| ||Charge for year
Eliminated
on disposal|638,205
~31,611)||2,835
~57,470)| ||At 31 July 2021|6,709,150||598,303| ||NET BOOK VALUE|||| ||At 31 July 2021|13,560,712|591,177|8,51D| ||At 31 July 2020|14,072,112|591,177|11,345| |||School|Grounds|| |||equipment|equipment|Totals| |||F||| ||COST|||| ||At 1 August 2020|1,421,543|156,858|23,008,529| ||Additions
Disposals|28,963
~986,555)|36,393
~89774)|192,161
~1,165,410)| ||At 31 July 2021|463,951|103,477|22,035,280| ||DEPRECIATION|||| ||At 1 August 2020|1,319,855|106,381|8,181,730| ||Charge for year
Eliminated
on disposal|45,383
~986,555)|20,158
~89.774)|706,581
~1,165,410)| ||At 31 July 2021|378683|36,765|7,722,901| ||NET BOOK VALUE|||| ||At 31 July 2021|85,268|66,712|14,312,379| ||At 31 July 2020|101,688|50,477|14,826,799| ## |15.|STOCKS|||||||| |---|---|---|---|---|---|---|---|---| ||||||||31.7.21|31.7.20| ||||||||E|E| ||Household
and|cleaning||stock|||32,330|33,725| |16.|DEBTORS:AMOUNTS|||FALLING DUE WITHIN ONE YEAR||||| ||||||||31.7.21
E|31.7.20
f| ||Trade debtors||||||3,503,123|3,154,746| ||Other debtors||||||3,228|14,395| ||Prepayments
and accrued||||income||175,962|149,636| ||||||||3,682,313|3,318,777| |17.|CREDITORS:|AMOUNTS|||FALLING DUE WITHIN ONE YEAR|||| ||||||||31.7.21|31.7.20| ||||||||P|E| ||Bank loans and overdrafts||||(see note 19)||169,204|165,690| ||Trade creditors||||||43,442|109,854| ||Other creditors||||||18,461|19,572| ||Social security|and other||taxes|||221,380|230,913| ||Pupils' deposits|held|||||314,500|306,750| ||Accruals and deferred||income||||4,462,951|4,023,162| ||Fees received|in advance|||||105,394|178,213| ||||||||5,335,332|5,034,154| |18.|CREDITORS:|AMOUNTS|||FALLING DUE AFTER MORE THAN ONE YEAR|||| ||||||||31.7.21|31.7.20| ||||||||F|| ||Bank loans (see note||19)||||1,690,040|1,865,517| ||Accruals and deferred||income||||319,442|352,223| ||||||||2,009,482|2,217,740| |19.|LOANS|||||||| ||An analysis ofthe maturity||||of|loans is given below:||| ||||||||31.7.21|31.7.20| ||||||||E|| ||Amounts
falling|due within|||one year on demand:|||| ||Bank loans||||||169,204|165,690| ||Amounts
falling|between||one||and two years:||| ||Bank loans||||||172,791|169,204| ||Amounts
falling|due between||||two and five years:||| ||Bank loans||||||1 517,249|514,281| ## ## |Minimum
lease payments
under non-cancellable
ope|rating
leases fall due as follows:|| |---|---|---| ||31.7.21|31.7.20| ||E|E| |Within one year|7,501|8,107| |Between one and five years|20,252|2,160| ||27,753|10,267| ## |MOVEM|ENT|IN FUNDS||||| |---|---|---|---|---|---|---| |||||Net|Transfers|| |||||movement|between|At| ||||At 1.8.20|in funds|funds|31.7.21| |||||E|E|F| |Unrestricted||funds||||| |General|fund - general reserves||(1,861,455)|1,425,086|(542,465)|(978,834)| |General|fund - fixed assets||14,826,799|(706,581)|192,161|14,312,379| |Designated||funds|25,000|(260)|260|25,000| |Bursary endowment
PTA fund|||150,548
36,232|(358,667)
~1,427)|350,044|141,925
34,805| ||||13,177,124|358,151||13,535,275| |TOTAL FUNDS|||13,177,124|358 151||13,535,275| ## |Net movement
in funds,
included
in the abov|e are as follows:||| |---|---|---|---| ||incoming|Resources|Movement| ||resources|expended|in funds| ||||F| |Unrestricted
funds|||| |General
fund - general reserves|11,789,141|(10,364,055)|1,425,086| |General
fund - fixed assets||(706,581)|(706,581)| |Designated
funds|5,279|(5,539)|(260)| |Bursary endowment
PTA fund|(357,938)
4,528|(729)
~5,955)|(358,667)
~1,427)| ||11,441,010|~11,082,859)|358,151| |TOTAL FUNDS|11,441,010|~11,082,859)|358,151| ## ## |Compara|tive|s
for movement
in fun|ds|||| |---|---|---|---|---|---|---| |||||Net|Transfers|| |||||movement|between|At| ||||At 1.8.19|in funds|funds|31.7.20| ||||F||F|F| |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| |TOTAL FUNDS|||12,848,845|328,279||13,177,124| |Comparative|net movement
in funds,
included|in the above are as follow|s:|| |---|---|---|---|---| |||Incoming|Resources|Movement| |||resources|expended|in funds| |||E|E|P| |Unrestricted|funds|||| |General
fund|- general reserves|10,746,610|(9,406,259)|1,340,351| |General
fund|—fixed assets||(725,692)|(725,692)| |Designated
funds||20,547|(7,808)|12,739| |Bursary endowment
PTA fund||(302,037)
35,595|~32677)|(302,037)
2,918| |||1D,5D0,715|)10,172,436)|328,279| |TOTAL FUNDS||10,50D,715|~10,172,436)|328,279| ## ## ## ## ## ## |School wa|s f1,733,714(Th|e estimated
employer debt at 30Septe|mber 2019was E1,89|4,034).| |---|---|---|---|---| |CAPITAL|COMMITMENTS|||| ||||31.7.21|31.7.20| ||||E|F| |Contracted|but not provided|for in the financial statements|165,923|21,082| |RELATED|PARTY DISCLOSURES|||| ## ||||31.7.21|31.7.20| |---|---|---|---|---| |||||F| |INCOME AND ENDOWMENTS||||| |Donations
and legacies||||| |Donations|||1,234|| |Other trading
activities||||| |Rent received|||33,287|58,775| |Sundries
received|||13,657|4,979| |Furlough
grant|||26,530|80,638| ||||73,474|144,392| |Investment
income||||| |Interest received|||2,012|3,339| |Charitable
activities||||| |School fees|||10,912,536|9,856,978| |Bursaries,
scholarships|and allowances||(812,443)|(702,391)| |Discounts|||220,139|200,935| |Registrations
received|||42,000|30,250| |Disbursements
income|||354,555|585,334| |Designated
income|||9,807|56,142| |Transport
income|||637,696|325,736| ||||11,364 290|10,352,964| |Total incoming
resources|||11,441,010|10,500,715| |EXPENDITURE||||| |Charitable
activities||||| |Disbursement
expenditure|||345,864|573,388| |Designated
expenditure|||12,223|40,485| |Transport
expenditure|||706,607|408,668| ||||1,064,694|1,022,541| |Support costs||||| |Management
and administration||||| |Management
and administration||staff|1,085,194|934,823| |Social security|||107,542|92,910| |Pensions|||74,673|99,805| |Administration
expenses|||119,830|184,087| |Bad debts|||(5,295)|43,142| |Professional
expenses|||137,633|112,952| |Bank charges and interest|||6,186|8,180| |Postage and telephone|||24,374|20,644| |Carried forward|||1,550,137|1,496,543| ## ## |||||||31.7.21|31.7.20| |---|---|---|---|---|---|---|---| |Nlanagement||and administration|||||| |Brought forward||||||1,550,137|1,496,543| |Marketing
and||promotion||||121,011|69,226| |Discounts||||||220,139|200,935| |Depreciation|oftangible|||fixed|assets|4,538|3,699| |||||||1,895,825|1,770,403| |Finance|||||||| |Loan interest||paid||||37,832|49,813| |Teachers and||teaching||assistants|||| |Teachers and||teaching assistants||||3,762,899|3,593,927| |Social security||||||380,188|344,131| |Pensions||||||792,311|726,847| |Educational|supplies||- staff|||231,794|205,124| |Educational|supplies||- admin|||268,820|234,359| |Depreciation|oftangible|||fixed assets||40,845|33,288| |||||||5,476,857|5,137,676| |Welfare and|support||costs||||| |Welfare and|support||staff (including||||| |subcontracted||catering staff)||||599,985|552,483| |Social security||||||28,883|27,964| |Pensions||||||16,163|17,184| |Services||||||314,816|319,246| |Maintenance||||||310,454|144,455| |Household
expenses|||- cleaning|||308,859|176,253| |Household
expenses|||—catering|||222,817|199,077| |Grounds||||||120,141|40,566| |Furniture
and||furnishings||||24,335|26,070| |Depreciation|oftangible|||fixed assets||661,198|688,705| |||||||2,607,651|2,192,003| |Total resources||expended||||11,082,859|10,172,436| |Net income||||||358,151|328,279|