##
||Page||
|---|---|---|
|Report ofthe Trustees|1 to|8|
|Report ofthe Independent
Auditors|9 to|11|
|Statement of Financial Activities|||
|Balance Sheet|13||
|Cash Flow Statement|14||
|Notes tothe Cash Flow Statement|15||
|Notes to the Financial Statements|16 to|29|
|Detailed Statement of Financial Activities|30 to|31|
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||||FO|R THE YEAR E|NDED 31AUGUS|T 2021|||
|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|
||||||Unrestricted|Restricted|Total|Total|
|||||Notes|funds
E|fundf|funds
f|funds
E|
|INCOME AND|ENDOWMENTS||FROM||||||
|Donations
and|legacies||||222,774|181,298|404,072|272,382|
|Charitable
activities|||||||||
|School Fees|||||2,945,807||2,945,807|2,981,508|
|Other ancilliary|trading|income|||558,112||558,112|464,950|
|Investment
income|||||675||675|10,694|
|Total|||||3,727,368|181,298|3,908,666|3,729,534|
|EXPENDITURE|ON||||||||
|Raising funds|||||38,152||38,152|45,813|
|Charitable
activities|||||||||
|Teaching costs|||||2,490,268||2,490,268|2,466,528|
|Welfare costs|||||||||
||||||286,411||286,411|258,548|
|Premises|||||414,950|32,387|447,337|333,492|
|Management|and administration||||552,159|38,223|590,382|622,256|
|Total|||||3,781,940|70,610|3,852,550|3,726,637|
|NET INCOME/(EXPENDITURE)|||||(54,572)|110,688|56,116|2,897|
|RECONCILIATION
OF FUNDS|||||||||
|Total funds brought forward|||||1,482,996|172,405|1,655,401|1,652,504|
|TOTAL FUNDS|CARRIED FORWARD||||1,428,424|283,093|1,711,517|1,655,401|
||||31A|UGUST 2021||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|fund|funds|funds|
||||Notes|f|f|f|f|
|FIXEDASSETS||||||||
|Tangible assets|||12|4,632,709|199,541|4,832,250|4,775,750|
|CURRENT ASSETS||||||||
|Stocks|||13|67,408||67,408|72,404|
|Debtors|||14|537,845|83,552|621,397|627,191|
|Cash at bank and in hand||||60,130||60,130|31,877|
|||||665,383|83,552|748,935|731,472|
|CREDITORS||||||||
|Amounts
falling due within one year|||15|(2,784,822)||(2,784,822)|(2,698,986)|
|NET CURRENT|ASSETS|||(2,119,439)|83,552|(2,035,887)|(1,967,514)|
|TOTAL ASSETS LESSCURRENT LIABILITIES||||2,513,270|283,093|2,796,363|2,808,236|
|CREDITORS||||||||
|Amounts
falling due after more than one year|||16|(1,084,846)||(1,084,846)|(1,152,835)|
|NET ASSETS||||1,428,424|283,093|1,711,517|1,655,401|
|FUNDS|||19|||||
|Unrestricted
funds:||||||||
|General
fund||||||(368,061)|(313,489)|
|Revaluation|reserve|||||1,796,485|1,796,485|
|||||||1,428,424|1,482,996|
|Restricted funds:||||||||
|School development||fund||||283,093|172,405|
|TOTAL FUNDS||||||1,711,517|1,655,401|
##
||||2021|2020|
|---|---|---|---|---|
|||Notes|E|E|
|Cash flows from operating|activities||||
|Cash generated
from operations|||374,734|260,376|
|Interest paid|||(38,152)|(45,813)|
|Net cash provided
by operating
activities|||336,582|214,563|
|Cash flows from investing|activities||||
|Purchase oftangible
fixed|assets||(233,446)|(49,706)|
|Sale oftangible fixed assets||||5,496|
|Net cash used in investing|activities||(233,446)|(44,210)|
|Cash flows from financing|activities||||
|Loan repayments|||(58,337)|(65,053)|
|Finance lease capital repayments|||(16,546)|(18,715)|
|Net cash used in financing|activities||(74,883)|(83,768)|
|Change
in cash and cash|equivalents|in the|||
|reporting
period|||28,253|86,585|
|Cash and cash equivalents|at the beginning||||
|ofthe reporting
period|||31,877|(54,708)|
|Cash and cash equivalents|at the end|of|||
|the reporting
period|||60,130|31,877|
##
##
||NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31AUGUST 2021|NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31AUGUST 2021|NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31AUGUST 2021|NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31AUGUST 2021|NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31AUGUST 2021|NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31AUGUST 2021||
|---|---|---|---|---|---|---|---|
||RECONCILIATION
OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES|||||||
|||||||2021|2020|
|||||||f|E|
||Net income for the|reporting||period {asper the Statement of Financial||||
||Activities)|||||56,116|2,897|
||Adjustments
for:|||||||
||Depreciation
charges|||||176,946|73,367|
||Loss on disposal offixed||assets||||10,019|
||Interest paid|||||38,152|45,813|
||Decrease/(increase)|in stocks||||4,996|(7,630)|
||Decrease in debtors|||||5,794|47,816|
||Increase in creditors|||||92,730|88,094|
||Net cash provided|by operations||||374,734|260,376|
|2.|ANALYSIS OF CHANGES||IN NET DEBT|||||
||||||At 1/9/20|Cash flow|At 31/8/21|
||||||E|||
||Net cash|||||||
||Cash at bank and in|hand|||31,877|28,253|60,130|
||||||31,877|28,253|60,130|
||Debt|||||||
||Finance leases||||(26,198)|16,546|(9,652)|
||Debts falling due within||1year||(112,471)||(112,471)|
||Debts falling due after 1year||||(1,143,183)|58,337|(1,084,846)|
||||||(1,281,852)|74,883|(1,206,969)|
||Total||||(1,249,975)|103,136|(1,146,839)|
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||||||2021|2020|
|---|---|---|---|---|---|---|
|||Unrestricted||Restricted|Total|Total|
||||funds|funds|funds|funds|
||||E|E|E|f|
|Donations||150,002||181,298|331,300|203,333|
|Donated services and facilities|||72,772||72,772|69,049|
|||222,774||181,298|404,072|272,382|
|INVESTMENT INCOME|||||||
||||||2021|2020|
|||Unrestricted||Restricted|Total|Total|
||||funds|funds|funds|funds|
||||E|E|E|E|
|Rents received|||675||675|10,694|
|INCOME FROM|CHARITABLE ACTIVITIES||||||
||||||2021|2020|
|||Activity|||f|f|
|Gross fees||School Fees|||3,530,199|3,726,059|
|Total bursaries|and allowances|School Fees|||(584,392)|(744,551)|
|Minibus income||Other ancilliary|trading|income|100,507|113,301|
|Income from school shops||Other ancilliary|trading|income|45,684|44,018|
|Sundry income||Other ancilliary|trading|income|411,921|307,631|
||||||3,503,919|3,446,458|
||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|Total|
||||||funds|funds|funds|funds|
||||||E|f|f|E|
|Interest|payable|and|similar|charges|38,152||38,152|45,813|
##
##
|CHARITABLE|ACTIVITIES COSTS||||
|---|---|---|---|---|
||||Support||
|||Direct|costs (see||
|||Costs|note 7)|Totals|
|||E|E|E|
|Teaching costs||2,490,268||2,490,268|
|Welfare costs||286,411||286,411|
|Premises||447,337||447,337|
|Management|and administration|580,182|10,200|590,382|
|||3,804,198|10,200|3,814,398|
|SUPPORT COSTS|||||
|||2021||2020|
|||Governance||Governance|
|||costs||costs|
|||f||E|
|Management|and administration|10,200||10,833|
|||2021|2020|
|---|---|---|---|
|||E|E|
|Auditors'|remuneration|10,200|10,833|
|Depreciation
—owned assets||176,946|73,367|
|Other operating
leases||842|5,083|
|Deficit on|disposal offixed assets||10,019|
##
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##
|STAFF C|OSTS|||||||
|---|---|---|---|---|---|---|---|
||||||2021|2020||
||||||E|E||
|Wages and salaries|||||2,265,344|2,242,|154|
|Social security costs|||||202,024|201,373||
|Other pension costs|||||356,491|375,612||
||||||2,823,859|2,819,139||
|The average||monthly|number ofemployees|during the year was as follows:||||
||||||2021|2020||
|Teachers|||||38|43||
|Administration|||||9||10|
|Learning|support||||14||16|
|Catering|||||5||7|
|Domestic|and Laundry||||3||4|
|Maintenance||and groundsmen|||3||4|
|Drivers|||||4||7|
|Nursery|assistants||||3||2|
||||||79||93|
||2021|2020|
|---|---|---|
|E60,001 - E70,000|2||
|E90,001 —E100,000|||
|E110,000 —E120,000|||
##
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##
##
|||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
|||||funds|fund|funds|
|||||E|f|E|
|INCOME AND|ENDOWMENTS||FROM||||
|Donations
and|legacies|||79,049|193,333|272,382|
|Charitable
activities|||||||
|School Fees||||2,981,508||2,981,508|
|Other ancilliary|trading|income||464,950||464,950|
|Investment
income||||10,694||10,694|
|Total||||3,536,201|193,333|3,729,534|
|EXPENDITURE|ON||||||
|Raising funds||||45,813||45,813|
|Charitable
activities|||||||
|Teaching costs||||2,466,528||2,466,528|
|Welfare costs||||258,548||258,548|
|Premises||||312,447|21,045|333,492|
|Management|and administration|||585,982|36,274|622,256|
|Total||||3,669,318|57,319|3,726,637|
|NET INCOME/(EXPENDITURE)||||(133,117)|136,014|2,897|
|RECONCILIATION
OF FUNDS|||||||
|Total funds brought forward||||1,616,113|36,391|1,652,504|
|TOTAL FUNDS|CARRIED FORWARD|||1,482,996|172,405|1,655,401|
##
|TANGIBLE FIXEDASSETS||||||
|---|---|---|---|---|---|
|||Assets in||||
|||the|Fixtures|||
||Freehold|course of|and|Motor||
||property
E|construction
f|fittings
E|vehicles
f|Totals
E|
|COST||||||
|At 1September 2020|4,492,201||831,236|56,885|5,380,322|
|Additions||199,541|33,905||233,446|
|At 31August 2021|4,492,201|199,541|865,141|56,885|5,613,768|
|DEPRECIATION||||||
|At 1September 2020|||561,946|42,626|604,572|
|Charge for year|||170,617|6,329|176,946|
|At 31August 2021|||732,563|48,955|781,518|
|NET BOOK VALUE||||||
|At 31August 2021|4,492,201|199,541|132,578|7,930|4,832,250|
|At 31August 2020|4,492,201||269,290|14,259|4,775,750|
##
|13.|STOCKS|||||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||||E|E|
||Finished goods|||||67,408|72,404|
||The amount ofstock||recognised
as an expense|||in the year was f33,083(2020:f78,542).||
|14.|DEBTORS:AMOUNTS||FALLING DUE WITHIN ONE YEAR|||||
|||||||2021|2020|
|||||||E|E|
||Trade debtors|||||501,547|540,072|
||Other debtors|||||55,385|39,850|
||Prepayments|and accrued|||income|64,465|47,269|
|||||||621,397|627,191|
|15.|CREDITORS: AMOUNTS|||FALLING DUE WITHIN||ONE YEAR||
|||||||2021|2020|
|||||||E|f|
||Bank loans and overdrafts||||(see note 17)|112,471|112,471|
||Hire purchase|(see note 18)||||9,652|16,546|
||Trade creditors|||||61,145|35,460|
||Social security|and other|||taxes|86,058|142,935|
||Other creditors|||||1,256,679|1,172,110|
||Accruals and|deferred||income||1,258,817|1,219,464|
|||||||2,784,822|2,698,986|
|CRE|DITORS: AMOUNTS
FALLING DUE AFTER MORE TH|AN ONE YEAR||
|---|---|---|---|
|||2021|2020|
|||E|E|
|Bank|loans (see note 17)|1,084,846|1,143,183|
|Hire|purchase (see note 18)||9,652|
|||1,084,846|1,152,835|
##
##
||||||2021|2020|
|---|---|---|---|---|---|---|
||||||E|E|
|Amounts
falling due within one year on demand:|||||||
|Bank loans||||112,471||112,471|
|Amounts
falling between
one|and two years:||||||
|Bank loans
—1-2years||||112,471||112,471|
|Amounts
falling due between|two and five years:||||||
|Bank loans
—2-5years||||337,414||337,414|
|Amounts
falling due in more than five years:|||||||
|Repayable
by instalments:|||||||
|Bank loans more than 5years||||634,961||693,298|
|The bank loans and overdrafts|are secured by a debenture||and legal mortgage|over all assets||ofthe company.|
|The company
has 2 separate|loans with Natwest|Bank. The first loan has an||interest|rate of 1.3/o per annum||
|above the Natwest base rate.|The second loan has|an interest rate of1.92/o per annum|||above|the Natwest base|
|rate.|||||||
##
|||Hire purchase|contracts|
|---|---|---|---|
|||2021|2020|
|||E|E|
|Net obligations|repayable:|||
|Within one year||9,652|16,546|
|Between one and five years|||9,652|
|||9,652|26,198|
##
##
|LEASING AGREEMENTS - continued|||
|---|---|---|
||Non-cancellable|operating|
||leases||
|||2020|
|||E|
|Within one year||72,937|
|Between one and five years||192,098|
||232,575|265,035|
##
|MOVEMENT|IN FUN|DS||||
|---|---|---|---|---|---|
|||||Net||
|||||movement|At|
||||At 1/9/20|in funds|31/8/21|
||||E|E|E|
|Unrestricted|funds|||||
|General fund|||(313,489)|(54,572)|(368,061)|
|Revaluation|reserve||1,796,485||1,796,485|
||||1,482,996|(54,572)|1,428,424|
|Restricted funds||||||
|School development||fund|172,405|110,688|283,093|
|TOTAL FUNDS|||1,655,401|56,116|1,711,517|
|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|||E|E|E|
|Unrestricted
funds|||||
|General fund||3,727,368|(3,781,940)|(54,572)|
|Restricted funds|||||
|School development|fund|181,298|(70,610)|110,688|
|TOTAL FUNDS||3,908,666|(3,852,550)|56,116|
##
|||||Net||
|---|---|---|---|---|---|
|||||movement|At|
||||At 1/9/19|in funds|31/8/20|
||||E|E|E|
|Unrestricted|funds|||||
|General fund|||(180,372)|(133,117)|(313,489)|
|Revaluation|reserve||1,796,485||1,796,485|
||||1,616,113|(133,117)|1,482,996|
|Restricted funds||||||
|School development||fund|36,391|136,014|172,405|
|TOTAL FUNDS|||1,652,504|2,897|1,655,401|
|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|||E|E|E|
|Unrestricted
funds|||||
|General fund||3,536,201|(3,669,318)|(133,117)|
|Restricted funds|||||
|School development|fund|193,333|(57,319)|136,014|
|TOTAL FUNDS||3,729,534|(3,726,637)|2,897|
|||||Net||
|---|---|---|---|---|---|
|||||movement|At|
||||At 1/9/19|in funds|31/8/21|
||||E|E|f|
|Unrestricted|funds|||||
|General fund|||(180,372)|(187,689)|(368,061)|
|Revaluation|reserve||1,796,485||1,796,485|
||||1,616,113|(187,689)|1,428,424|
|Restricted funds||||||
|School development||fund|36,391|246,702|283,093|
|TOTAL FUNDS|||1,652,504|59,013|1,711,517|
##
##
|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|||E|E|E|
|Unrestricted
funds|||||
|General fund||7,263,569|(7,451,258)|(187,689)|
|Restricted funds|||||
|School development|fund|374,631|(127,929)|246,702|
|TOTAL FUNDS||7,638,200|(7,579,187)|59,013|
##
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||||DETAILED STATEMENT OF
FOR THE YEAR ENDED|FINANCIAL ACTIVITIES
31AUGUST 2021||
|---|---|---|---|---|---|
|||||2021|2020|
|||||E|E|
|INCOME AND ENDOWMENTS||||||
|Donations
and|legacies|||||
|Donations||||331,300|203,333|
|Donated services and facilities||||72,772|69,049|
|||||404,072|272,382|
|Investment
income||||||
|Rents received||||675|10,694|
|Charitable
activities||||||
|Gross fees||||3,530,199|3,726,059|
|Total bursaries|and|allowances||(584,392)|{744,551)|
|Minibus
income||||100,507|113,301|
|Income from school||shops||45,684|44,018|
|Sundry income||||411,921|307,631|
|||||3,503,919|3,446,458|
|Total incoming|resources|||3,908,666|3,729,534|
|EXPENDITURE||||||
|Investment
management|||costs|||
|Bank interest and charges||||7,525|20,758|
|Mortgage interest||||27,033|25,055|
|Other Interest||||3,594||
|||||38,152|45,813|
|Charitable
activities||||||
|Staff costs||||2,265,344|2,242,154|
|Social security||||202,024|201,373|
|Pensions||||356,491|375,612|
|Other operating|leases|||842|5,083|
|Rates and water||||28,265|26,330|
|Insurance||||45,193|46,334|
|Light and heat||||79,875|66,503|
|Telephone||||2,991|3,242|
|Postage and stationery||||24,755|26,476|
|Advertising||||25,908|34,532|
|Sundries||||3,056|8,306|
|Teaching resources||||90,809|105,742|
|Purchases||||106,860|86,173|
|Staff and governor||training||3,575|9,466|
|Carried forward||||3,235,988|3,237,326|
##
||FOR THE YEAR ENDED 3|1AUGUST 2021||
|---|---|---|---|
|||2021|2020|
|||E|E|
|Charitable
activities||||
|Brought forward||3,235,988|3,237,326|
|Maintenance
and repairs||71,010|62,035|
|Motor expenses||80,145|76,430|
|Subscriptions||10,093|11,863|
|Legal fees||1,577|4,102|
|Professional
fees||47,622|30,945|
|Lease costs||53,290|38,722|
|Bad debts||16,532|19,859|
|Computer
expenses||38,223|36,274|
|Finance,
ITand design services||72,772|69,049|
|Fixtures and fittings||170,617|69,801|
|Motor vehicles||6,329|3,566|
|Loss on sale oftangible|fixed assets||10,019|
|||3,804,198|3,669,991|
|Support costs||||
|Governance
costs||||
|Auditors'
remuneration||10,200|10,833|
|Total resources expended||3,852,550|3,726,637|
|Net income||56,116|2,897|