2020-08-31-accounts - Chesham Preparatory School Trust Limited

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Officers and advisers	Officers and advisers
Directors and Trustees		Mr A Klnnier {Chairman)
		Mrs C Almond
		Mr N Baker
		Mr 8 Cartledge
		Dr A Haycocl&
		Mr P Hurd
		Mr P Johnson (resigned		10July 2020)
		Mr AJordan
		Mr D Kllllnger (resigned		sJanuary	2021)
		Mr J Matthews
		Ms A IVICNaney
		Mrs S Peck
		lvlrs N Shepherd
		Mr DStrong
		Mr M Walker
Company	Secretary fk Bursar	Mrs C Hughes
Company	Number	910924
Charity Number		31064?
Principal and Registered Office		Chesham Preparatory School Trust Limited (known as Chesham Preparatory School), Two Dells Lane, Orchard Leigh, Cheshsm, Bucks, HPS 3QF
Headmaster		Mr J Reals
School Address		Two Dells Lane, Orchard Leigh
		Chesham, Bucks
		HPS 3QF
		National Westminster		Bank pic
		Chllterns Corporate Business Centre
		PO Box412, 2~ Floor,		Rapid House
		Oxford Road, High	Wycombe, Bucks
		HP11 2EF
Solicitors		Veale Wasborough Vizards LLP Narrow Quay House, Narrow Quay Bristol				Lyons Davidson Ltd 43Queen Square Bristol
		BS14QA				BS14QP
insurance	Brokers	Marsh Limited Capital House, 1-5Perrymount Road
		Haywards Heath,	RH16 3SY
Auditor		Moore Northern First Floor, 73-75	Home Counties High St		Limited
		Stevenage, Hertfordshire, SG13HR

Directors and Trustees
Ag Directors ofthe Company Trustees. The Board has the	are also Governors ofthe School and power to appoint additional Trustees.	Trustees ofthe char'ity and The Trustees who served	there are no other during the year were:
Mr A Kinnier (Chairman)	(1)(2)
Mrs C Almond	(1)(B)
Mr N Baker	(1)(2)
Ivlr 8Cartledge	(2)
Dr Haycork	(11(3)
Mr P Hurd	(2)
lvlr D Kfllinger	(2)
Mr P Johnson	(2)(B)
Mr AJordan	(2)
Mr J Matthews	(2)
Ms A McNaney	(1)
Mrs SPeck	(2)
Mrs N Shepherd	(1)(S)
Mr D Strong	(2) (S)
Mr M Walker	(1)

endedS1August	202	0
				Unrestricted		Restricted		Total Funds for	Total Funds for
					Funds	Funds		the Year ended	the Year ended
		hlotes			2020	2020		31August 2020	31August 2019
						f		E
Income
Donations and
legacies: Donations Other income					199,219	1,000		1,000 199,219	1,273 6,626
Income from
charitable activities: school fees receivable Other educational					4,797,240 99,27S			4,737,240 99,275	5,226,828 183,52D
income Other ancillary Income					18/29			18,429	31,763
Total income					S,054,163	1,000		5,055,163	5,451,010
Expenditure
Expenditure on
charitable activities: Educational costs Welfare costs Premises costs Finandng cost					3,932,524 312,267 748,249 76&020			3,932,524 312,267 748,249 76,020	3,693,355 470,264 568,587 55,763
Governance costs					23WSS			23&055	22,751
Total expenditure			5		5,092,115			5,092,115	4&813&720
Net income					(37,952)	1,00D		{36,952)	637,290
Transfers between					1,963	(1,963)
funds
tact movement In					{35,989)	(963)		(36,952)	637,290
funds
Accumulated funds	brought				7,064,044	S&662		7,065,706	6,428/16
fonuard
Accumulated funds	carried				7,028,055	699		7&028,754	7,065,706
forward
The statement of Rnancial activities				includes	all gains and losses recognised		In	the year.
All income and expenditure All income and expenditure		derive fmm continuing activities. In the year ended 31August 2019				was unrestricted		apart from F1273	ofdonations Income,
E1,20Dof educationai	costs and		f73ofwelfare costs.

tatement ofcash flows for th	e y	ea	r ended Sf,August	2020
				2020	2019
					f
Cash flows from operating activities
Net cash provided by operating activities		(note (a))		350,7Z6	857,347
Cash flows from investing activities
Purchase ofproperty, plant and equipment				(367,823)	(4,436,732
Cashused In investing activities				(17,097)	(3,579,385)
Cash flows from financing acthrlties
Repayments ofborrowlng 9orrowfng from bank				(40,690) 312,453	P2,032) 3,365,258
Net cash used In financing activities				Z71,763	(3,294,226)
Change Incash and cash equivalents fn the year Cash and cash equivalents atthe beginning ofthe				254,666 1,025/49	Z85,159 1,300,608
reporting period Cash and cash equivalents atthe and	of	the		1,270,115	1,015,449
reporting period
Notes tothe cash flow statement
(a) Recondilatlon ofoperating surplus cash flow from operating activities			to net	2020	2019 6
Net Income for the reporting	period			(36,952)	637,290
Adjustments for. Depreciation toss on disposal offixed assets Decrease in stock				323,366 ?47,820 196	220,215 313 10,354
Decrease Indebtors				32,094	20,214
(Decrease) in creditors				(215,798)	(31,039)
Net cash provided by operating		activities		350,726	857,347
The note on page 15forms part	of	this	cash flow statement.

Notes	to cash flour statement (continued)	to cash flour statement (continued)
(b)	Reconcgiation of net cash flow to in net debt/funds		movement		2020 f	2019 f
	Increase/(Decrease) in cash	In the	year		254,666	(285,159)
	Cash used to repay loans				40,690	72,302
	Increase in kosns				(312,453	(3,366,258)
	Change in net debt resulting	from	cash Sow		(17&097)	(3,579,385)
	Net debt at 1 September 2019				(2,350,777)	1,228,608
	Net debt at31August 2020				2,867,874)	(235ll,T/71
(c)	Analysis ofchange in net debt	1September		cash	Other non- cash	31August
			2019 f	flow f	changesf	2020 f
	Cash at bank and in hand Debt due within one year Debt due after one year	1,015,449 (80,000) (3,236,226)		254,666 40,690 (312,453)	(690) 690	1,?70r115 (40,000) (3,597,989)
		{2,350,777)		(17,097)		(2P67r874

income	Year ended 31August 2020	Yearended 31August 2019 6
Donations- Unrestricted Donations- Restricted	1,000	1,273 i.,273
Other income
Government grants Sundry Loan interest	164,778 34,289 152 199,219	6,181 445 6,626
Other educational income Registration fees School trips late club fees	12,300 66,169 20432 99,275	12,DDD 148,453 22,867 183,52D
Other ancillary income
School bus fares Rental Income Event income	16,757 1,672 28~9	26163 6,600 32,763 32,763
Total	317,923	224,182

Staff costs
				Yearended		Year ended
					31Aug	31Aug
					2020	2019
						f.
Wages and salaries Social Security costs Pension contdbutfons				2,537,908 245&150 462530 3,245,588		2,531,727 239,832 340,642 3,112,201
				Year ended		Yearended
					31Aug	31Aug
					2020	2019
					Number	Number
The average monthly		head	count was 89 staff (2019-90staff) and		the
average monthly	number offull time equivalent			persons employed	was:
Teaching Premises Administration	and Minibus drivers				61 3 11 75	59 3 13 75
The number ofemployees		who earned more than E60,000on an annualised basis was 2020				2019
					Number	Number
E60,001to E70,000 E70,001to E80,000					1 1
E80,001to E90,000
E90,001to E100,000

					Year	Year
	Staf	Direct	Support	Oeprec-	ended 81	ended 31
	Costs	Costs	Costs	lotion	Aug 2020	Aug 2019
	E	E	E	E	E
Charitable
expenditure Educational costs Welfare costs Premises cos'ts Financing costs Governance	3,104,77S 17,000 114,812 9,000 3,245,587	253,162 292,517 351/30 897,109	4$9,22$ 2,15G 44,00G 16,020 14,055 626,053	85,359 238407 323,366	3,932,524 312,267 14$,249 76,020 23,055 5,092,115	3,693,355 470,264 568,587 55,763 25,751 4,813,720
Financing costs
					2020	2019
					E	E
Interest payable on bank loan					76,020	55,763
Governance
					2020	2019
					E	E
Bursars time Audit fee Trustees meeting expenses					9,000 1$,$11 178 23055	9,000 16,332 419 25,751

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		freehold
		Land and	Furniture
	Portakablns	aulldlngs	end	Mower	Tatal
	f	f	Equipmentf		E
Cost:
1September 2019 Additions	326,029	12,603,404 313,277	919,665 54,546	34,242	13,883,340 $67,82$
Disposels		(247,914)	(99,511)		(347325)
31August 2020	326,029	12,668,767	874,700	34,242	15,903,738
Depreciation: 1September 2019 Charge for the	32i67029	2,099,446 238,00'7	792,172 85,$59	34,242	3,251,889 323,366
year Disposals		(94)	(99,511)		(99,605)
31August 2020	$26,D29	2,337,359	778,D20	34,242	3,475,650
Net boak value:
31August 2020		10,331,408	96,68D		10,428,088
31August 2019		10,503,958	127,493		10.631AS1

2020	2019
f	E
6,766	6,979

flf) PREPARATORY SCHOOL TRUST LIM(TED 3 orming part ofthe financial statement for the Year ende ed)	d 31August 2020
10. Debtors	2020	2019
Trade debtors other debtors prepayments	38,524 2,219 89,814 130&557	12,770 36,833 113,048 162,651
13. Creditors: amounts falling dua within one year	2020 6	2019 6
Bank loans (Note 13) Payroll taxes Trade creditors Other creditors Accruals Deferred income (Note 14)	BG,251 65,650 41&237 86,623 99,035 662,189 1,034,985	73,403 60,185 318,773 74,737 23,743 681,310 1,232,15'J
12. Creditonn amounts faglng due after more than one year	2020 f	2019
Bank loans (Notes 13) Pupil deposits Deferred Income (Note 14)	3,557,788 214,066 3,292,823 199,000 26,850 3»»0» 5&», 73

inco	me consists offees pai	d in advance, and Includes fees f	or the period after 31August 2	020.
Bank	loans .		2G20 6	2019 E
The	bank loans- repayable	by Instalments:
Due Due Due	within one year between two and five more than five years	years	80,251 504,562 3,053,176 3,637,989	73,403 461,507 2,831,316 3,366,226

Balance at 1September 2019:
Due within one year	681,310
Due after more than one year	26,850
	708I160
Released in year	(681,310)
Invoiced In year	633,339
Balance at31August 2020	662,189
Due within one year	662,189
Due after more than one year
	662,189

he total future minimum lease payments under non-ca quipment are as follows:	ncellable operating leases f	or motor vehicle
	2020	2019
	E	E
Not later than 1year Later than 1year and not' later than 5years Total	79&695 126,156 205,851	56,986 95,155 56,986