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|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|
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||||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|
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|||||||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|
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|||||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|
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||||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|
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|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|||
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|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||||||
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|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|
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|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|
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|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|
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||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|
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|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|
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