## ## ## ## |||||Page| |---|---|---|---|---| |Trustees'
annual
report (incorporating||the|director's report)|| |Independent
auditors|report to the members|||12| |Statement offinancial|activities (including||income and|| |expenditure
account)||||16| |Statement offinancial|position|||17| |Statement ofcash flows||||18| |Notes to the financial|statements|||19| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||2020|2020|2019| |---|---|---|---|---|---|---| |||||Unrestncted||| |||||funds|Total funds|Total funds| ||||Note||E|| |Income and endowments||||||| |Donations
and legacies|||5|138,542|138,542|| |Charitable
activities|||6|3,474,897|3,474,897|3,606,895| |Other trading
activities|||7|72,240|72,240|83,798| |Investment
income|||8|4,644|4,644|4,766| |Total income||||3,690,323|3,690,323|3,695,459| |Expenditure||||||| |Expenditure
on raising funds:||||||| |Costs offinancing|||9|51,173|51,173|60,076| |Costs ofother trading|activities||10|43,833|43,833|50,970| |Expenditure
on charitable|activities||11,12|3,552,257|3,552,257|3,304,704| |Total expenditure||||3,647,263|3,647,263|3,415,750| |Net income and net movement||in funds||43,060|43,060|279,709| |Reconciliation offunds||||||| |Total funds brought
forward||||5,248,386|5,248,386|4,968,677| |Total funds carried forward||||5,291,446|5,291,446|5,248,386| ## ## ## |||||2020|||2019|| |---|---|---|---|---|---|---|---|---| |Fixed assets|||Note|6||8||B| |Tangible fixed assets|||18||5,386,074|||5,525,836| |Current assets||||||||| |Stocks
Debtors
Cash at bank and in|hand||19
20|60,130
121,944
1,031,993||56,003
155,615
846,180||| |||||1,214,067||1,057,798||| |Creditors: amounts|falling|due||||||| |within one year|||21|468,278||360,748||| |Net current assets|||||745,789|||697,050| |Total assets less current||liabilities|||6,131,863|||6,222,886| |Creditors: amounts|falling|due after||||||| |more than one year|||22||840,417|||974,500| |Net assets|||||5,291,446|||5,248,386| |Funds ofthe charity||||||||| |Unrestricted
funds|||||5,291,446|||5,248,386| |Total charity funds|||25||5,291,446|||5,248,386| ## ## ## ## |||||2020|2019| |---|---|---|---|---|---| |||||6|| |Cash flows from operating||activities|||| |Net income||||43,060|279,709| |Adjustments
for:|||||| |Depreciation
oftangible
fixed||assets||192,007|189,464| |Government
grant income||||(138,542)|| |Other interest receivable and||similar income||(4,644)|(4,766)| |Accrued expenses/(income)||||41,514|(42,559)| |Chsngesin:|||||| |Stocks||||(4,127)|12,869| |Trade and other debtors||||33,671|52,030| |Trade and other creditors||||123,254|(181,216)| |Cash generated
from operations||||286,193|305,531| |Interest received||||4,644|4,766| |Net cash from operating
activities||||290,837|310,297| |Cash flows from investing||activities|||| |Purchase
oftangible assets||||(52,245)|(56,033)| |Net cash used
in investing|activities|||(52,245)|(56,033)| |Cash flows from financing||activities|||| |Proceeds from borrowings||||(133,333)|(133,334)| |Government
grant income||||138,542|| |Payments
offinance lease|liabilities|||(57,988)|(57,988)| |Net cash used
in financing|activities|||(52,779)|(191,322)| |Net increase
in cash and|cash equivalents|||185,813|62,942| |Cash and cash equivalents||at beginning|ofyear|846,180|783,238| |Cash and cash equivalents||at end ofyear||1,031,993|846,180| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Depreciation
is calculated
so as
value, over the useful economic|to write off the
life ofthat asset|cos
as fo| |---|---|---| |Land and buildings|2% straight|line| |Fixtures and other equipment|20% straight|line| |Demountables|10%straight|line| |Computer
equipment|33%straight|line| ## ## ## ## ## ## ## ## ## |Donation|s|and le|gacies||||| |---|---|---|---|---|---|---|---| |||||Unrestricted|Total Funds|Unrestricted|Total Funds| |||||Funds|2020|Funds|2019| |||||8||F|| |Grants|||||||| |Job retention/furlough|||scheme|138,542|138,542||| |Charitable|activities||||||| |||||Unrestricted|Total Funds|Unrestricted|Total Funds| |||||Funds
f|2020|Funds
F|2019
6| |School fees||||3,377,951|3,377,951|3,479,341|3,479,341| |Clubs||||86,462|86,462|97,248|97,248| |Registration|fees|||8,500|8,500|8,000|8,000| |Miscellaneous||school|income|1,984|1,984|22,306|22,306| |||||3,474,897|3,474,897|3,606,895|3,606,895| ## |Other trading|activities||||| |---|---|---|---|---|---| |||Unrestricted|Total Funds|Unrestricted|Total Funds| |||Funds
f|2020
6|Funds|2019| |Shop income||65,026|65,026|74,825|74,825| |Commission|income|7,214|7,214|8,973|8,973| |||72,240|72,240|83,798|83,798| ## ## ## |Yea|r ended 31 August|r ended 31 August|20|20||||| |---|---|---|---|---|---|---|---|---| |8.|Investment
income|||||||| ||||||Unrestricted|Total Funds|Unrestricted|Total Funds| ||||||Funds|2020|Funds|2019| ||||||8|||F| ||Bank interest|receivable|||4,644|4,644|4,766|4,766| |9.|Costs offinancing|||||||| ||||||Unrestricted|Total Funds|Unrestricted|Total Funds| ||||||Funds|2020|Funds|2019| ||||||9||5|5| ||Bank interest|and charges|||51,173|51,173|60,076|60,076| |10.|Costs ofother trading||activities|||||| ||||||Unrestricted|Total Funds|Unrestdcted|Total Funds| ||||||Funds|2020|Funds
5|2019
f| ||Costs of other trading||activities - Shop|||||| ||costs||||43,833|43,833|50,970|50,970| |11.|Expenditure|on charitable||activities|by fund type|||| ||||||Unrestricted|Total Funds|Unrestricted|Total Funds| ||||||Funds
f|2020|Funds
F|2019| ||Provision ofeducation||||2,778,189|2,778,189|2,643,446|2,643,446| ||Support costs||||774,068|774,068|661,258|661,258| ||||||3,552,257|3,552,257|3,304,704|3,304,704| |12.|Expenditure
on charitable|||activities|by activity type|||| |Expenditure|on charitable
act|ivities
by activity type|||| |---|---|---|---|---|---| |||Activities|||| |||undertaken|Support|Total funds|Total fund| |||directly|costs|2020|2019| |||F|||| |Provision of|education|2,778,189|762,171|3,540,360|3,291,776| |Governance|costs||11,897|11,897|12,928| |||2,778,189|774,068|3,552,257|3,304,704| ## ## ## ## ## |13.|Analysis ofsupport|co|sts|||||| |---|---|---|---|---|---|---|---|---| ||||||||Total2020f|Total 2019| ||Staff costs||||||549,669|535,130| ||Advertising,
publicity|&|recruitment||||26,312|40,507| ||Governance
costs||||||11,897|12,928| ||General
office||||||186,190|72,693| ||||||||774,068|661,258| |14.|Net income|||||||| ||Net income is stated|after charging/(crediting):||||||| ||||||||2020
f|2019
f| ||Depreciation
of tangible||fixed|assets|||192,007|189,464| |15.|Auditors
remuneration|||||||| ||||||||2020
f|2019
f| ||Fees payable for the|audit of||the financial
statements|||11,100|11,200| ||Fees payable to the|charity's||auditor and its associates for|||other services:|| ||Audit-related
assurance||and|payroll services|||2,142|1,729| |16.|Staff costs|||||||| ||The total staff costs|and|employee
benefits for the reporting||||period are analysed as|follows:| ||||||||2020
f|2019
f| ||Wages and saladies||||||2,541,426|2,330,757| ||The average head count||ofemployees||during|the year was|96(2019:94).|| ||The number
ofemployees
whose remuneration|||||for the year|fell within the following|bands, were:| ||||||||2020|2019| ||||||||No.|No.| ||f60,000tof69,999|||||||1| ||f70,000tof79,999
f80,000tof89,999||||||1
1|1| ||||||||2|2| ||Key Management
Personnel|||||||| ## ## ## ## ## ## ## ## |2019ist45)were reimburs
Tangible fixed assets|ed
to Governo|r for travel co|sts during the ye|ar.|| |---|---|---|---|---|---| |||Fixtures and|||| ||Land and|other||Computer|| ||buildings|equipment|Demountables|Equipment|Total| ||8|5|5|5|| |Cost|||||| |At 1 September 2019|5,506,232|349,958|183,873|432,872|6,472,935| |Additions||||52,245|52,245| |At 31August 2020|5,506,232|349,958|183,873|485,117|6,525,180| |Depreciation|||||| |At 1 September 2019|162,323|287,703|163,886|333,187|947,099| |Charge for the year|91,723|14,019|16,890|69,375|192,007| |At 31August 2020|254,046|301,722|180,776|402,562|1,139,106| |Carrying
amount|||||| |At 31 August 2020|5,252,186|48,236|3,097|82,555|5,386,074| |At 31 August 2019|5,343,909|62,255|19,987|99,685|5,525,836| ## |19.|not depreciate
Stocks|d.||| |---|---|---|---|---| ||||2020
f|2019
E| ||Stock||60,130|56,003| |20.|Debtors|||| ||||2020|2019| ||||6|F| ||Trade debtors||22,587|1,075| ||Prepayments|and accrued income|99,357|154,540| ||||121,944|155,615| ## ## ## ## ## |Creditors: amounts
f|alling due within one year|||| |---|---|---|---|---| ||||2020
f|2019
f| |Bank loans and overdrafts|||133,333|133,333| |Trade creditors|||5|10,783| |Accruals and deferred|income||109,142|67,628| |Obligations
under finance leases and hire purchase||contracts||57,988| |Pupil deposits
held|||11,500|12,000| |Receipts in advance|||138,927|79,016| |Other creditors|||75,371|| ||||468,278|360,748| ## |Credi|tors: am|ounts
falling due after more than|one year|| |---|---|---|---|---| ||||2020|2019| |Bank|loans and overdrafts||766,667|900,000| |Pupil|deposits|held|73,750|74,500| ||||840,417|974,500| ## ||The total fut
as follows:|ur|e
minimu|m|lease paym|ents
under fin|ance leases an|d hire purchase
contr|acts are| |---|---|---|---|---|---|---|---|---|---| |||||||||2020
f|2019| ||Not later than||1 year||||||57,988| |24.|Government||grants||||||| ||The amounts||recognised||in the financial statements||for government|grants are as follows:|| |||||||||2020|2019| ||Recognised|in income||from donations||and legacies:|||| ||Job retention/||furlough|scheme||||138,542|| ## ## ## ## ||||At||||At| |---|---|---|---|---|---|---|---| |||1|September||||31August| ||||2019
F|Income
F|Expendituref|Transfers
F|2020
f| |General|funds||5,248,386|3,690,323|(3,647,263)||5,291,446| ||||5,248,386|3,690,323|(3,636,920)||5,291,446| ||||At||||At| |||1|September||||31August| ||||2018
f|Income
E|Expendituref|Transfers
F|2019
f| |General|funds||4,968,677|3,695,459|(3,415,750)||5,248,386| ||||4,968,677|3,695,459|(3,415,750)||5,248,386| |Analysis ofnet as|se|ts between funds||| |---|---|---|---|---| ||||Unrestricted|Total Funds| ||||Funds|2020
f| |Tangible fixed assets|||5,386,074|5,386,074| |Current assets|||1,214,067|1,214,067| |Creditors less than|1|year|(468,278)|(468,278)| |Creditors greater than||1 year|(840,417)|(840,417)| |Net assets|||5,291,446|5,291,446| ||||Unrestricted|Total Funds| ||||Funds|2019| ||||F|F| |Tangible fixed assets|||5,525,836|5,525,836| |Current assets|||1,057,798|1,057,798| |Creditors less than|1|year|(360,748)|(360,748)| |Creditors greater than||1 year|(974,500)|(974,500)| |Net assets|||5,248,386|5,248,386| ## ## ## |Anal|ysis ofchang|es
in net debt|||| |---|---|---|---|---|---| ||||At||At| ||||1 Sep 2019|Cash flows|31Aug 2020| ||||||6| |Cash|at bank and|in hand|846,180|185,813|1,031,993| |Debt|due within one year||(191,321)|57,988|(133,333)| |Debt|due after one|year|(900,000)|133,333|(766,667)| ||||(245,141)|377,134|131,993| ##