## ## |Council|Members|Members|SCook||| |---|---|---|---|---|---| ||||S Henderson|(Appointed|27 July 2020)| ||||A Marcuson|(Appointed|27 July 2020)| ||||E Brownlee|(Appointed|27 July 2020)| |Charity|number||311027||| |Company||number|395056||| |Registered||office|Langley
Hill
Herffords||| ||||Kings Langley||| ||||hir||| ||||WD4 9HG||| |Auditor|||Knill James LLP||| ||||One Bell Lane||| ||||Lewes||| ||||East Sussex||| ||||BN7 1JU||| |Solicitors|||Stone King||| ||||13Queen Square||| ||||Bath||| ||||England||| ||||BA1 2HJ||| ## ||||Page| |---|---|---|---| |Council Members'
report|||1-8| |Statement
of Council|Members'|responsibilities|| |Independent
auditor's|report||| |Statement offinancial|activities||| |Balance sheet|||14| |Statement ofcash flows|||15| |Notes to the financial|statements||16-28| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---|---| |||||funds|funds|2020|2019| ||||Notes||Z||| |In
m
n|n
n
f|m.|||||| |Donations
and fundraising
Charitable
activities
Rental income & investments
Gain on disposal of property||||38,52?
160,113
1,416,126||38,527
160,113
1,416,126|8,691
51,089
114,911
1,Q39,498| |Total income|and endowments|||1,614,766||1,614,766|1,214,189| |'ll '|||||||| |Charitable
activities||||833,954|2,283|836,237|2,259,566| |Net gaini(loss)|on investments|||122||122|740| |Defined benefit|pension scheme deficit|||(5,000)||(5,QQO)|(732,936)| |Net movement|in funds|||775,934|(2,283)|773,651|(1,777,573)| |Fund balances|at 1August 2019|||(1,768,903)|100,553|(1,668,350)|109,223| |Fund balances|at 31July 2020|||(992,969)|98,270|(894,699)|(1,668,350)| ## ## ## ||||||2020||2019| |---|---|---|---|---|---|---|---| ||||Notes|||F|| |Fixed assets|||||||| |Tangible assets
Investments|||11
12||1,141,480
10,208||1 382 925
10,086| ||||||1,151,688||1,393,011| |Current assets|||||||| |Debtors
Cash at bank and in|hand||13|47,111
88,071||94,249
21,330|| |Creditors: amounts|falling due within||15|135,182||115,579|| |one year||||(291,569)||(1,291,940)|| |Net current
liabilities|||||(156,387)||(1,176,361)| |Total assets less current||liabilities|||995,301||216,650| |Provisions
for liabilities|||16||(1,890,000)||(1,885,000)| |Net liabilities|||||(894,699)||(1,668,350)| |Income funds|||||||| |Restricted funds
Unrestricted
funds - general|||||98,270
(992,969)||100,553
(1,768,903)| ||||||(894,699)||(1,668,350)| ## ## ## |||2020|2019| |---|---|---|---| ||Notes|f.|| |Cash flows from operating
activities|||| |Cash absorbed
by operations|23|(593,605)|(1,854,784)| |Investing
activities|||| |Purchase oftangible fixed assets
Proceeds on disposal oftangible
fixed|||(1,300)| |assets
Rental income and interest received||1,450,233
160,113|1,064,766
114,384| |Net cash generated
from investing
activities||1,610,346|1,177,850| |Financing
activities|||| |New loans /repayment
of loans||(950,000)|200,000| |Net cash (used in)/generated
from|||| |financing
activities||(950,000)|200,000| |Net increase/(decrease)
in cash and|cash||| |equivalents||66,741|(476,934)| |Cash and cash equivalents
at beginning|ofyear|21,330|498,264| |Cash and cash equivalents
at end of|year|88,071|21,330| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |4|Charitable
activities||||||| |---|---|---|---|---|---|---|---| ||||School fees|Classroom|Other|Total|Total| |||||income|income|2020|2019| ||Income within charitable|activities|||||51,089| ||Analysis
by fund||||||| ||For the year ended 31|July 2019|||||| ||Unrestricted
funds - general
Restricted funds||41,651|2,336|7,102||48,753
2,336| ||||41,651|2,336|7,102||51,089| |5|Rental income 8 investments||||||| |||Total|Total| |---|---|---|---| |||2020|2019| |Rental|income|160,113|114,309| |Interest|receivable||602| |||160,113|114,911| ||Investment
income is unrestricted.| |---|---| |6|Gain on disposal ofproperty| ||||||||Unrestricted|Unrestricted| |---|---|---|---|---|---|---|---|---| ||||||||funds|funds| ||||||||general|general| ||||||||2020|2019| ||||||||E|E| |Net|gain|on|disposal|oftangible|fixed|assets|1,416,126|1,039,498| ## ## |Charitable
activities|Charitable
activities|||||| |---|---|---|---|---|---|---| |||Education|Property|Administration|Total|Total| |||costs|costs|costs|2020|2019| |||||||E| |Staff costs
Depreciation
and impairment
School supplies
Transport
Examinations
Staff development
Maintenance
ofgrounds
Rent and rates
Insurance
Light and heat
Cleaning
Printing,
stationery
and advertising
Subscriptions,
telephone
and||100,384
207,338
2,283
94|5,392
2,215
5,595
3,783|20,073|100,384
207,338
2,283
94
5,392
2,215
5,595
3,783
20,073|60?,829
67,685
817
2,881
873
372,408
35,012
50,262
31,453
60,7?7
23,657
24,095| |computer
Sundry expenses
Loss on disposal of|fixed assets|||9,281
1,761|9,281
1,761|13,257
2,580
(715)| |Share ofsupport costs (see note 8)
Share ofgovernance
costs (see note||310,099
234,668|16,985|31,115|358,199
234,668|1,292,871
412,820| |8)||||243,370|243,370|553,8?5| |||544,767|16,985|274,485|836,237|2,259,566| |Analysis
by fund||||||| |Unrestricted
funds -
Restricted funds|general|542,484
2,283|16,985|274,485|833,954
2,283|| |||544,767|16,985|274,485|836,237|| |Forthe year ended|31July 2019|||||| |Unrestricted
funds -|general|1,465,313|201,161|593,092||2,259,566| |||1,465,313|201,161|593,092||2,259,566| ## ## |Support costs||||| |---|---|---|---|---| ||Support|Governance|2020|2019| ||costs|costs||| |Staff costs
Bad debt write off
Bank charges and interest
Legal and professional
Loan interest
Agency support staff|8,720
136,467
7,116
14,951
67,414||8,720
136,467
7,116
14,951
67,414|64,308
113,501
14,537
60,313
138,296
21,865| |Audit fees
Legal and professional
Trustee expenses||10,200
233,170|10,200
233,170|13,590
536,63Q
3,655| ||234,668|243,370|478,038|966,695| |Analysed
to:||||| |Charitable
activities|234,668|243,370|478,Q38|966,695| ## ## ## ## |The average|monthly|number ofemployees|during|the year was:||| |---|---|---|---|---|---|---| ||||||2020|2019| ||||||Number|Number| |Administration|8 Support (for2 months)|||||| |Employment|costs||||2020|2019| |Wages and salaries
Other pension costs|||||8,545
100,559|547,111
125,026| ||||||109,104|672,13?| ## |Tangible|fixed asse|ts|||||| |---|---|---|---|---|---|---|---| ||||Freehold|Furniture
&|Equipment|Motor|Total| ||||property|fittings|&computer|vehicles|| |Cost||||E||f|| |At 1 August 2019
Disposals|||1,512,292
(44,858)|626,542|149,799
(1,124)|21,243|2,309,876
(45,982)| |At 31 July|2020||1,467,434|626,542|148,675|21,243|2,263,894| |Depreciation
and impairment|||||||| |At 1 August 2019
Depreciation
charged
Eliminated
in respect||in the year
ofdisposals|323,374
74,180
(11,383)|440,080
128,814
-|145,205
1,662
(492)|18,292
2,682
-|926,951
207,338
(11,875)| |At 31 July|2020||386,171|568,894|146,375|20,974|1,122,414| |Carrying|amount||||||| |At 31 July|2020||1,081,263|5?,648|2,300|269|1,141,480| |At 31 July|2019||1,188,918|186,462|4,594|2,951|1,382,925| ## ## ||Unlisted| |---|---| ||investments| ||E| |Cost or valuation|| |At 31 July 2020|10,086| |Valuation changes|122| |At 31 July 2020|10,208| |Carrying
amount|| |At 31 July 2020|10,208| |At 31 July 2019|10,086| ## |||||| |---|---|---|---|---| |13|Debtors|||| ||||2020|2019| ||Amounts
falling due within one year:|||E| ||Trade debtors||37,559|63,540| ||Other debtors||7,784|18,232| ||Prepayments|and accrued income|1,768|12,477| ||||47,111|94,249| |14|Loans and overdrafts|||| ||||2020|2019| ||||E|E| ||Other loans|||950,000| ||Payable
within|one year||950,000| ## ## ## |||||| |---|---|---|---|---| |15|Creditors: amounts
falling|due within one year||| ||||2020|2019| ||Loans
Other taxation and social security
Trade creditors
Other creditors
Accruals||(791)
42,320
250,040|950,000
25,549
452
48,53'7
267,402| ||||291,569|1,291,940| |17|Provisions
for liabilities||2020|2019| ||Retirement
benefit obligations|(note 18)|1,890,000|1,885,000| ||||1,890,000|1,885,000| ## ## ## ## ## ## ||||Movement|in funds|| |---|---|---|---|---|---| |||Balance at 1|Income|Expense|Balance at 31| |||August
2019|||July 2020| ||||f.||| |Bursary fund
Classroom
funds
K i Concert fund
Hockey Club
Teacher wish list||63,250
30,949
2,877
1,352
500||(2,283)|63,250
28,666
2,877
1,352
500| |Music department|legacy|1,625|||1,625| |||100,553||(2,283)|98,270| ## ## ## ## |Analysis ofnet assets between funds||||| |---|---|---|---|---| ||Unrestricted|Restricted|Total|Total| ||funds|funds||| ||2020|2020|2020|2019| |Fund balances at 31 July 2020 are||||| |represented
by:||||| |Tangible assets
Investments
Current assets/{liabilities)
Provisions
and pensions|1,141,480
10,208
(254,657)
(1,890,000)|98,270|1,141,480
10,208
(156,387)
(1,890,000)|1,382,925
10,086
(1,176,361)
{1,885,000)| ||(992,969)|98,270|(894,699)|(1,668,350)| ## ## ## |||2020|2019| |---|---|---|---| |Aggregate|compensation||234,325| ## ## |23|Cash generated
from operations|Cash generated
from operations||2020|2019| |---|---|---|---|---|---| ||Surplus/(deficit)
for the year|||773,651|(1,777,573)| ||Adjustments
for:||||| ||Dividends
interest and rents
Gain on disposal oftangible
Fair value gains and losses
Depreciation
and impairment|from investment
fixed assets
on investments
oftangible fixed assets||(160,113)
(1,416,126)
(122)
207,338|(114,911)
(1,040,213)
(740)
67,685| ||Movements
in working
capital:||||| ||Decrease in debtors
(Decrease)/increase
in creditors
Increase
in provisions|||47,138
(50,371)
5,000|175,185
102,847
732,936| ||Cash absorbed
by operations|||(593,605)|(1,854,784)| |24|Analysis ofchanges
in net|funds/(debt)|||| ||||At 1August 2019|Cash flows|At 31July 2020| ||Cash at bank and
in hand||2'l,330|66,741|88,071| ||Loans falling due within one|year|(950,000)|950,000|| ||||(928,670)|1,016,741|88,071|