## ## |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| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |3.|other|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| |||/f5|/f5||O
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U|ta|||||||| ## ## ## ## |||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| ## ## ## ## ## ## ## ##