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2020-08-31-accounts

Trustees Mrs T Leaver
Mr T Bunbury
Mrs L A Poore
Mrs K A Allner
Mr A Wiliunson
Mrs S Young
Dr F R Neale
Mr S R Nicholls (Appointed 26 August 2020)
Secretary Mr M J Tebbot
Charity number 310637
Company number 00068471
Registered office Shrubbery
Road
High Wycombe
Buckinghamshire
United
Kingdom
HP13 6PR
Auditor Arete Audit Serwces
7-8 Eghams
Court
Boston Drive
Bourne End
Buckinghamshire
United
Kmgdom
SLB5YS
Bankers National
Westminster		 Bank Pic
Svenska Handelsbanken AB
Barclays Bank PLC
Key executives and professional advisors
Headmistress Ms Sophie Green BScEcon (Hone), PGCE
Finance Director Ms Lisa Ellis ACMA
Clerk to the Governors Mrs Gundula Ackermann
Webslte www. godstowe org
THE GODSTOWE PREPARATORY SCHOOL COMPANY LIMITED THE GODSTOWE PREPARATORY SCHOOL COMPANY LIMITED THE GODSTOWE PREPARATORY SCHOOL COMPANY LIMITED THE GODSTOWE PREPARATORY SCHOOL COMPANY LIMITED
CONTENTS
Page
Trustees report 1-7
Statement ofTrustees responsrbrhtres
Independent
audnor's		 report 9 - 11
Statement ofananmal actrvrhes 12
Balance sheet 13
Statement ofcash flows 14
Notes to the linancial statements 15-26

Unrestricted Restricted Total Unrestricted Restricted Total
funds felt de lurids funds
2020 2020 2020 2019 2019 2019
Notes f f f f. f.
Income and endowments from:
Donations
and		 legacies 29,949 29,949 3,603 22,842 26,445
Chantable
achvities-
tuition and boarding 6,353,355 6,353,355 7,185,382 7,185,362
Investments 6,360 6,360 5,968 5,968
Other income 153,768 153,768
Total income 6,543,432 6,543,432 7,194,953 22,842 7,217,795
Charitable
activities-
tuition and boarding 7 6,559,549 28,051 6,587,600 6,427,867 27,768 6,455,635
Net (expenditure)/Income for
the year/
Net movement in funds (16,117) (28,051) (44,168) 767,086 (4,926) 762,160
Fund balances at 1
September 2019 9,197283 782,076 9,979,359 8,430,197 787,002 9,217,199
Fund balances at 31
August 2020 9,181,166 754,025 9,935,191 9,197,283 782,076 9,979,359

2020 2019
Notes 6 6
Fixed assets
Tangible assets 10 11,008,389 10,910,922
Investments 11 4 4
11,008,393 10,910,926
Current assets
Debtors 12 171,714 172,226
Cash at bank and in hand 1,783,220 1,796,847
1,954,934 1,969,073
Creditors: amounts faglng due within one
year 14 (1,855,027) (1,655,724)
Net current assets 99,907 313,349
Total assets less current liabilities 11,108,300 11,224,275
Creditors: amounts faglng due after mora
than one year 15 (1,173,109) (1,244,916)
Net assets 99351c1 9,979,359
Income funds
Restncted funds 754,025 782,076
Unrestncted funds 9,181,166 9,197,283
9,935,191 9,979,359

2020 2019
Notes 6 6
Cash flows from operating activities
Cash generated
from operations		 20 690,672 1,449,033
Investing
activities
Purchase
of tangible
fixed assets		 (697,892) (1,845,577)
Interest received 6,360 5,968
Net cash used
ln investing		 activities (691,532) (1,839,609)
Financing
activities
Repayment
of borrowmgs		 (40,549) (44,887)
Increase
in deposits		 27,782 29,710
Net cash used
In Rnancing		 activities (12,767) (15,177)
Net decrease
in cash and		 cash equivalents (13,627) (405,753)
Cash and cash equivalents at beginning ofyear 1,796,847 2,202,600
Cash and cash equivalents at end of year 1,783,220 1,796,847

Charitable
Charitable		 Charitable
Charitable
Expenditure
Expenditure
2020 2019
6 K
Teaching costs 3,243,775 3,023,622
Support service costs 1,909,773 2,012,015
Management
and admin costs		 732,344 775,408
Operating
lease payments		 67,381 52,560
Depreciation
and impairment		 600,425 571,255
Bank charges 40,138 30,465
Bad debts (16,710) (17,910)
Auditors
remuneration		 —for audh work 9,724 7,500
Auditors
remuneration		 —for non-audit work 750 720
6,587,600 6,455,635
Analysis
by fund
Unrestricted
funds		 6,559,549 6,427,8ti7
Restricted
funds		 28,051 27,768
6,587,600 6,455,635

Number ofemployees
The average
monthly
number
ofemployees
dunng
the		 year was.
2020 2019
Number Number
Teachers - Full arne 36 32
Teachers - Part time 19 24
Other-
Full time		 43 39
Other - Part time 28 32
126 127
Employment
costs		 2020
f		 2019f
Wages and satanas 3,570,451 3,498,021
Social secunty costs 345,857 344,161
Other pension costs 564,777 400,566
4,481,085 4,242,748
The number
of employees
whose
annual
remuneration,
f60,000 or more were		 exduding
social security
and pension
contribu		 tions,
was
2020 2019
Number Number
f60,000 - f70,000 1
f70,001 - f80,000 2
690,001 - F100,000
f120,001 - f130,000

10 Tangible fixed assets Tangible fixed assets
Freehold
lend		 Fixtures end Motor vehicles Tote I
snd hulldlnes rmlnes
f. 6
Cost
At 1 September 2019 13,672,206 2,082,948 30,711 15,785,865
Adddions 455,602 242,290 697,892
At 31 August 2020 14,127,808 2,325,238 30,711 16,483,757
Depreciation and impairment
At 1 September 2019 3,344,218 1,500,014 30,711 4,874,943
Depreciation charged in the year 433,955 166,470 600,425
At 31 August 2020 3,778,173 1,666,484 30,711 5,475,368
Carrying
amount
At 31 August 2020 10,349,635 658,754 11,008,369
At 31 August 2019 10,327,988 582,934 10,910,922
11 Fixed asset Investments
Other
Investments
Cost or valuation
At 1 September 2019 &31August 2020
Carrying
amount
At 31 August 2020
At 31 August 2019

Debtors
2020 2019
Amounts
falling due within one year:		 6 f.
Trade debtors 1,866 51,237
Other debtors 57,652 18,734
Prepayments and accrued income 112,196 102,255
171,714 172,226

13 Loans and Loans and deposits
2020 2019
6 6
Bankloans - due
in		 1 year 41,910 40,981
Bank loans - 1-2years 42,860 41,910
Bank loans - 2-5 years 134,500 131,518
Bank loans -over 5 years 695,294 740,704
914,564 955,113
Deposits - due
in 1 year		 104,397 46,286
Deposits - 1-2 years 48,965 58,049
Deposits - 2-5 years 143,365 161,235
Deposits - over 5 years 108,125 111,500
404,852 377,070
Bank Loans 914,564 955,113
Deposits 404,852 377,070
1,319,416 1,332,183
Payable within one year 146,307 87,267
Payable after one year 1,173,109 1,244,916
1,319,416 1,332,183

14 Creditors: amounts amounts falling due within one year
2020 2019
Notes 6 8
Banktoans 13 41,910 40,981
Other taxation and social secunty 85,114 2,618
Fees received in advance 1,303,228 1,262,797
Deposits 13 104,397 46,286
Other creditors 310,378 157,862
Accruals and deferred income 10,000 145,180
1,855,027 1,655,724
15 Creditors: amounts falling due after more than one year
2020 2019
Notes f 8
Bankloans 13 872,654 914,132
Deposits 13 300,455 330,784
1,173,109 1,244,916
16 Analysis of net assets between funds
Unrestricted Restricted Total Total
2020 2020 2020 2019
6 f f
Fund balances at 31 August 2020 are
represented
by
Tangible assets 10,254,364 754,025 11,008,389 10,910,922
Investments 4 4 4
Current assets/(Iiabaibes) 99,907 99,907 313,349
Long term kabilites (1,173, 109) (1,173,109) (1,244,916)
9,181,166 754,025 9,935,191 9,979,359

non-cancella ble
ope		 rati ng
lea		 se s, which fall due as foll ows:
2020 2019
f f.
Withm one year 38,501 35,788
Between two and five years 60,455 26,159
98,956 61,947
20 Cash generated
from		 operations
2020 2019
f' f
(Defiat)/surplus
for		 the year (44,168) 762,160
Adlustments for
Investment income recognised in statement of financial activities (6,360) (5,968)
Depreciation and impairment of tangible fixed assets 600,425 571,255
Movements in working caprtal.
Decrease/(increase) in debtors 512 (63,566)
Increase
in		 credrtors 140,263 185,152
Cash generated
from		 operations 690,672 1,449,033

21 Analysis of changes
in net debt		 of changes
in net debt
At 1 September Cash flows At 31 August 2020
2019
Cash at bank and in hand 1,796,847 (13,627) 1,783,220
Loans felling due within one year (40,981) (929) (41,910)
Loans falling due after more than one year (914,132) 41,478 (872,654)
841,734 26,922 868,656