## |Officers|and adviser|s|||||| |---|---|---|---|---|---|---|---| |Directors|and Trustees||Mr A Kinnier (Chairman)||||| ||||Mrs C Almond||||| ||||Mr N Baker (resigned 5'" July|2021)|||| ||||Mr 8 Cartledge
Mr A Grounds (appointed 1"January 2022)||||| ||||Dr A Haycock||||| ||||Mr P Hurd||||| ||||Mr AJordan (resigned
5"'July 2021)||||| ||||Mr D Killinger (resigned
5"'January 2021)||||| ||||Mr J Matthews||||| ||||Ms A McNaney||||| ||||Mrs F Nijkamp-Lyell
(appointed 13"December 2021)
Mrs J O'Gorman
(appointed 1"January 2022)||||| ||||Mrs SPeck||||| ||||Mrs N Shepherd||||| ||||Mr D Strong (resigned 20'" December 2021)||||| ||||Mr M Walker||||| |Company|Secretary &Bursar||Mrs C Hughes||||| |Company|Number||910924||||| |Charity Number|||310642||||| |Principal|and Registered|Office|Chesham
Preparatory
School|Trust Limited (known||as Chesham|Preparatory| ||||School),Two Dells Lane, Orchard||Leigh, Chesham,|Bucks, HPS 3QF|| |Headmaster|||Mr J Beale||||| |School Address|||Two Dells Lane, Orchard
Leigh||||| ||||Chesham,
Bucks||||| ||||HPS 3QF||||| |Bankers|||National
Westminster
Bank pic||||| ||||Chilterns
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||||| ||||BS14QA||||| |Insurance|Brokers||Marsh
Limited||||| ||||Capital House, 1-5 Perrymount|Road|||| ||||Haywards
Heath, RH16 3SY||||| |Auditor|||Moore Northern
Home Counties||Limited||| ||||First Floor, 73-75 High St||||| ||||Stevenage,
Hertfordshire,
SG13HR||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |tatement offinancial
nded 31August 2021|activiti|es (incorporating|a|n income|and expenditure|account) for th| |---|---|---|---|---|---|---| |||Unrestricted|'|Restricted|Total Funds for|Total Funds for| |||Funds||Funds|the Year ended|the Year ended| ||Notes|2021
E||2021|31August 2021
f|31August 2020
E| |Income||||||| |Donations
and||||||| |legacies:||||||| |Donations
Otherincome||2,187
123,940|||2,187
123,940|1,000
199,219| |Income from||||||| |charitable
activities:||||||| |School fees receivable
Other educational
income||4,915,879
43,505|||4,915,879
43,505|4,737,240
99,275| |Other ancillary
income||30,290|||30,290|18,429| |Total income||5,115,801|||5,115,801|5,055,163| |Expenditure||||||| |Expenditure
on||||||| |charitable
activities:||||||| |Educational
costs
Welfare costs||3,808,359
392,273|||3,808,359
392,273|3,932,524
312,267| |Premises costs||734,552|||734,552|748,249| |Financing cost||65,606|||65,606|76,020| |Governance
costs||24,816|||24,816|23,055| |Total expenditure|5|5,025,606|||5,025,606|5,092,115| |Net income||90,195|||90,195|(36,952)| |Transfers between||||||| |funds||||||| |Net movement
in
funds||90,195|||90,195|(36,952)| |Accumulated
funds brought
forward||7,028,055||699|7,028,754|7,065,706| |Accumulated
funds carried
forward||||699|7,118,949|7,028,754| ## ## |||||2021||2020| |---|---|---|---|---|---|---| |||Notes||6||f| |Fixed assets||||||| |Tangible assets||||10,431,420||10,428,088| |Current assets||||||| |Stock||9|13,522||6,783|| |Debtors||10|209,964||130,557|| |Cash at bank and in|hand||1,550,471||1,270,115|| ||||1,773,957||1,407,455|| |Creditors: amounts|falling due|11|(1,467,778)||(1,034,985)|| |within one year||||||| |Net current (liabilities) / assets||||306,179||372,470| |Total assets less current||||10,737,599||10,800,558| |liabilities||||||| |Creditors: amounts|falling due|12||(3,618,650)||(3,771,804)| |after more than one|year|||||| |Net assets||||7,118,949||7,028,754| |Accumulated
funds||||||| |Restricted
fund||Page|13ik note 15|699||699| |Unrestricted
funds:||||||| |General funds|||Page 13|7,118,250||7,028,055| |||||7,118,949||7,028,754| ## ||||||2021|2020| |---|---|---|---|---|---|---| ||||||f|f| |Cash flows from operating
activities||||||| |Net cash|provided
by operating
activities||(note (a))||711,487|350,726| |Cash flows from investing
activities||||||| |Purchase|of property,
plant and equipment||||(320,977)|(367,823)| |Cash used in investing
activities|||||390,510|(17,097)| |Cash flows from financing activities||||||| |Repayments
of borrowing|||||(110,154)|(40,690)| |Borrowing from bank||||||312,453| |Net cash|used
in financing
activities||||280,356|271,763| |Change
in cash and cash equivalents||in the||year|280,356|254,666| |Cash and|cash equivalents
at the beginning|||ofthe|1,270,115|1,015,449| |reporting|period|||||| |Cash and|cash equivalents
at the end|of|the||1,550,471|1,270,115| |reporting|period|||||| |Notes to|the cash flow statement|||||| |(a)|Reconciliation ofoperating|surplus||to net|2021|2020| ||cash flow from operating
activities||||f|f| ||Net income for the reporting|period|||90,195|(36,952)| ||Adjustments
for:|||||| ||Depreciation||||313,845|323,366| ||Loss on disposal offixed assets||||3,801|247,820| ||(Increase)/Decrease
in stock||||(6,739)|196| ||(Increase)/Decrease
in debtors||||(79,407)|32,094| ||Increase/(Decrease)in
creditors||||389'792|(215,798)| ||Net cash provided
by operating||activities||711,487|350,726| ## |(b)|Reconciliation
ofnet cash flow to movement|Reconciliation
ofnet cash flow to movement|Reconciliation
ofnet cash flow to movement|Reconciliation
ofnet cash flow to movement||2021|2020| |---|---|---|---|---|---|---|---| ||in net debt/funds|||||6|f| ||Increase/(Decrease)|in cash|in|the year||280,356|254,666| ||Cash used to repay|loans||||110,154|40,690| ||Increase
in Loans||||||(312,453)| ||Change
in net debt|resulting|from cash flow|||390,510|(17,097)| ||Net debt at 1September 2020|||||(2,367,874)|(2,350,777)| ||Net debt at 31August 2021|||||(1,977,364)|(2,367,874)| |(c)|Analysis ofchange|in net||||Other non-|| ||debt|||1September|Cash|cash|31August| |||||2020
f|flow
f|changes
f|2021
E| ||Cash at bank and
in|hand||1,270,115|280,356||1,550,471| ||Debt due within one year|||(40,000)|(86,140)||(126,140)| ||Debt due after one|year||(3,597,989)|196,294||(3,401,695)| |||||(2,367,874)|390,510||(1,977,364)| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |3.|Other|income||||Year ended|Year ended| |---|---|---|---|---|---|---|---| |||||||31August 2021|31August 2020| |||||||f|f| |||Donations-|Unrestricted||||| |||Donations-|Restricted|||2,187|1,000| |||||||2,187|1,000| |||Other Income|||||| |||Government|grants|||45,597|164,778| |||Sundry||||70,211|34,289| |||Loan interest||||8,132|152| |||||||123,940|199,219| |||Other educational|||income||| |||Registration|fees|||13,900|12,300| |||School trips||||12,539|66,163| |||Late club fees||||17,066|20,812| |||||||43,505|99,275| |||Other ancillary||income|||| |||School bus|fares|||27,740|16,757| |||Rentalincome||||2,550|1,672| |||Event income|||||| |||||||30,290|18,429| |||Total||||199,922|317,923| ## ## ## |||||||Year ended|Year ended|Year ended|Yearended| |---|---|---|---|---|---|---|---|---|---| |||||||||31Aug|31Aug| |||||||||2021|2020| |||||||||f|f| |Wages and salaries|||||||2,696,128||2,537,908| |Social Security||costs|||||261,153||245,150| |Pension contributions|||||||496,573||462,530| ||||||||3,453,854||3,245,588| |||||||Year||ended|Year ended| |||||||||31Aug|31Aug| |||||||||2021|2020| ||||||||Number||Number| |The average|monthly|||head count was 93staff (2020-89 staff) and the|||||| |average monthly|||number offull time equivalent||persons|employed|was:||| |Teaching||||||||62|61| |Premises||||||||3|3| |Administration||and Minibus
drivers||||||12|11| |||||||||77|75| |The number ofemployees||||who earned more than f60,000on an annualised||||basis was|| |||||||||2021|2020| ||||||||Number||Number| |f60,001to f70,000||||||||1|| |f70,001tof80,000
f80,001tof90,000||||||||1|| |f90,001to f100,000||||||||1|1| |Retirement
benefits|are||accruing to the higher paid employees|||under both||the defined|benefit scheme and money| |purchase
scheme.|||||||||| ## ## ## ## ## ## ||||||||Year|Year| |---|---|---|---|---|---|---|---|---| ||||Staff|Direct|Support|Deprec-|ended 31|ended 31| ||||Costs
f|Costs
6|Costs
f|iation
f|Aug 2021
f|Aug 2020
6| |Charitable||||||||| |expenditure||||||||| |Educational|costs||3,308,055|185,434|240,738|74,132|3,808,359|3,932,524| |Welfare costs|||17,000|372,523|2,750||392,273|312,267| |Premises costs|||119,799|331,040|44,000|239,713|734,552|748,249| |Financing costs|||||65,606||65,606|76,020| |Governance|||9,000||15,816||24,816|23,055| ||||3,453,854|888,997|368,910|313,845|5,025,606|5,092,115| |Financing costs||||||||| ||||||||2021|2020| ||||||||f|f| |Interest payable||on bank loan|||||64,282|76,020| |Bank charges|||||||1,324|| ||||||||65,606|76,020| |Governance||||||||| ||||||||2021|2020| ||||||||f|6| |Bursar's time|||||||9,000|9,000| |Audit fee|||||||15,759|13,877| |Trustees meeting|||expenses||||57|178| ||||||||24,816|23,055| ## ## ## ## ||||||||Freehold|||| |---|---|---|---|---|---|---|---|---|---|---| ||||||||Land and|Furniture||| |||||portakabins|||Buildings|anti|Mower|Total| |||||||E|f|Equipment||f| |||||||||E||| |Cost:||||||||||| |1September||2020||326,029|||12,668,767|874,700|34,242|13,903,738| |Additions|||||||171,665|149,312||320,977| |Disposals||||||||(55,399)||(55,399)| |31August 2021||||326,029|||12,840,432|968,613|34,242|14,169,316| |Depreciation:||||||||||| |1September||2020||326,029|||2,337,359|778,020|34,242|3,475,650| |Charge for|the||||||239,713|74,132||313,845| |year||||||||||| |Disposals||||||||(51,599)||(51,599)| |31August 2021||||326,029|||2,577,072|800,553|34,242|3,737,896| |Net book value:||||||||||| |31August 2021|||||||10,263,360|168,060||10,431,420| |31August 2020|||||||10,331,408|96,680||10,428,088| |All tangible|fixed||assets are||held|for use by the Charity.||||| |Assets included|||in freehold||land|and buildings
that are not depreciated|||amount to f740,816|(2020-| |E740,816).||||||||||| |Stock||||||||||| ||||||||||2021|2020| ||||||||||E|f| |Educational||supplies|||||||13,522|6,783| ## ## ## ## |||||| |---|---|---|---|---| |10.|Debtors|||| ||||2021|2020| ||||f|f| |Trade debtors|||28,299|38,524| |Other debtors|||75,408|2,219| |Prepayments|||106,257|89,814| ||||209,964|130,557| |11.|Creditors: amounts|falling due within one year|2021|2020| ||||E|f| ||Bank loans (Note 13)||126,140|80,251| ||Payrolltaxes||67,038|65,650| ||Trade creditors||174,262|41,237| ||Other creditors||94,718|86,623| ||Accruals||58,516|99,035| ||Deferred income (Note 14)||947,104|662,189| ||||1,467,778|1,034,985| |12.|Creditors: amounts|falling due after more than one year|2021|2020| ||||f|6| ||Bank loans (Notes|13)|3,401,695|3,557,738| ||Pupil deposits||216,955|214,066| ||||3,618,650|3,771,804| |ferre|d
inco|me consists offees pai|d in advance,
and includes fees|for the period after 31August 2|021.| |---|---|---|---|---|---| |13.|Bank|loans||2021|2020| |||||f|f| ||The|bank loans —repayable|by instalments:||| ||Due|within one year||126,140|80,251| ||Due|between two and five|years|378,420|504,562| ||Due|more than five years||3,023,275|3,053,176| |||||3,527,835|3,637,989| ## ## ||||| |---|---|---|---| |Notes forming part ofthe financial statement||for the Year ended|31August 2021| |(continued)|||| |14.|Analysis ofmovements
in deferred income||| ||Balance at 1September 2020:||| ||Due within one year||662,189| ||Due after more than one year||| ||||662,189| ||Released
in year||(662,189)| ||Invoiced
in year||947,104| ||Balance at 31August 2021 all due within one year||947,104| ## ## ||||2021|2020| |---|---|---|---|---| ||||f|6| |Not later|than 1year||81,824|79,695| |Laterthan|1year and notlaterthan|5years|100,346|126,156| |Total|||182,170|205,851| ## ## ## ## ## ## ## ## ## ||||||Year from 1Sept|Year from 1Sept| |---|---|---|---|---|---|---| ||||||2020to 31Aug 2021|2019to 31Aug| |||||||2020| |Income||||||| |Tuition fees|||||4,915,879|4,737,239| |School bus fares|||||27,740|16,757| |Registration|fees||||13,900|12,300| |School trips|||||12,539|66,163| |Sundry|||||143,556|221,704| |Donations-|restricted||||2,187|1,000| |Donations||||||| |Total|||||5,115,801|5,055,163| |Expenditure||||||| |Staffcosts||||||| |Staff salaries|and|wages:||||| |Teaching|(including||Headmaster)||2,233,369|2,106,649| |Supply|||||10,524|2,305| |Catering||||||| |Administration|||||360,429|341,324| |Maintenance|||||91,806|87,630| ||||||2,696,128|2,537,908| |National
insurance|||||261,153|245,150| |Pension contributions|||(IAPS and TPS)||496,573|462,530| |Total|||||3,453,854|3,245,588| |Operating
expenses||||||| |School trips|||||12,376|67,036| |Stationery
and materials||||(inc. text books)|164,595|168,816| |School prizes and||trophies|||2,048|1,215| |Swimming
(including|||transport)||49,822|39,637| |Minibus|||||57,250|55,463| |Staff training|course||||18,440|11,568| |Food etc.for lunches|||||303,109|210,454| |School bus hire|||||149|36,007| |Other (including||recruitment)|||20,224|16,445| |Total|||||628,013|606,641| ## ## |||||||| |---|---|---|---|---|---|---| |Detailed Income and|expenditure|||account for|the Year ended 31August 2020 (continued)|| ||||||Year from 1|Year 1Sept| ||||||Sept 2020to|2019to 31Aug| ||||||31Aug 2021|2020| ||||||f|E| |Establishment
expenses||||||| |Cleaning contractor
and materials|||||91,108|87,198| |Light and heat|||||68,337|72,701| |Rates including
water|||||50,001|25,112| |Insurance|||||30,275|28,488| |Repairs and maintenance|—premises||||91,335|138,148| |Depreciation —premises|||||223,364|221,755| |Depreciation-
L/Fi Flat|||||2,473|2,468| |Depreciation —porta
ka bins||||||| |Repairs and maintenance|—equipment||||9,238|2,993| |Depreciation
Building Improvements|||||13,876|13,784| |Depreciation —equipment|||||74,132|85,359| |Loss on disposal offixed assets|||||3,801|247,820| |Total|||||657,940|925,826| |Administration
and promotional|||expenses|||| |Marketing
and Advertising|||||19,197|31,080| |Post age and telephone|||||17,799|14,752| |Printing,
stationery
and computer|||supplies||78,200|125,286| |Audit and accountancy|||||15,759|13,877| |Legal and professional|||||64,388|19,068| |Subscriptions|||||8,117|8,663| |Sundry
(including
recruitment)|||||10,749|13,958| |Marquee
and parents'
meetings|||||5,458|6,982| |Bad debts||||||1| |Assisted places and discounted||fees paid in||advance|526|4,373| |Total|||||220,193|238,040| |Total expenses (excluding|finance||charges)||4,960,000|5,016,095| |Surplus before finance charges|||||155,801|39,068| |Finance|||||(65,606)|(76,020)| |Surplus/(Loss)
after finance charges|||||90,195|(36,952)| |Number of Pupils|||||2020/21|2019/20| |Autumn
term|||||390|393| |Spring term|||||394|398| |Summer term|||||399|399|