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2020-08-31-accounts

CONTENTS
REFERENCE 8 ADMINISTRATIVE
INFORMATION.
PUBLIC BENEFIT AIMS AND INTENDED IMPACT. ...3
GOVERNANCE
AND MANAGEMENT.		 ...4
STRATEGIC REPORT . .5
REVIEW OF ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR.......... ......... . ..7
FINANCIAL
REVIEW AND RESULTS FOR THE YEAR		 ...8
STATEMENT OF DIRECTORS' RESPONSIBILITIES .10
INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31AUGUST 2020.. .14
BALANCE SHEET AS AT 31 AUGUST 2020 . .15
STATEMENT OF CASH FLOW FOR THE YEAR ENDED 31 AUGUST 2020. .16
1.
COMPANY
INFORMATION		 .17
2.
ACCOLINTING
POLICIES		 ..17
3.
FEESRECEIVABLE		 .19
4.
ANALYSIS OF TOTAL RESOURCES EXPENDED .		 20
5.
TANGIBLE FIXEDASSETS		 22
6.
INVESTMENTS
.. .........		 23
7.
DEBTORS		 ..23
8.
CREDITORS: DUE WITHIN ONE YEAR.		 23
9.
CREDITORS: DUE AFTER MORE THAN ONE YEAR:		 24
10.
BANK LOAN		 24
11.
SHARE CAPITAL ........................................................................ ............ ........,...		 .24
12.
OPERATING LEASE COMMITMENTS		 .24
13.
TEACHERS' PENSION DEFINED BENEFITS SCHEME		 25
14.
STCHRISTOPHER SCHOOL GUILDS LIMITED		 26
15.
CONTRACTS AND COMMITMENTS		 .26
16.
CASH FLOW		 27

at the beginning
and end ofthe year		 were:
Ordinary shares off1 each
At 31August 2020 At 1 September 2019
Sophie Nolan
Emma-Kate
Henry
Sarah Kilcoyne
Bertie Leigh
Peter McMeekin
John Simmonds
Rabinder Sing h
Ben Walker
Dasha Nicholls
36 40

Notes 2020 2019
Income from Charitable Activities 8,826,302 9,807,502
Grants 8 Donations 550,197 11,200
Incoming
Resources from Other Trading Activities
Letting s 113,689 147,626
Investments
Bank and other interest 1,510 4,504
Other income 8,536 2,208
Total Income 9,500,234 9,973,040
EXPENDITURE
Cost of Raising Funds
Charitable
Activities
Education
and grant making		 9,680,873 9,795,376
Total Expenditure 9,680,873 9,795,376
Net incoming
resources		 before gain and losses (180,639) 177,664
Net Gain on investments 24,563 303,714
Net movement
in funds		 (156,076) 481,378
Balances brought
forward		 at
1 September 2019 9,954,243 9,472,865
Balances carried forward at
31August 2020 9,798,167 9,954,243
Notes 2020 2019
E
TANGIBLE FIXEDASSETS
School buildings
and equipment		 5 10,126,724 10,278,785
INVESTMENTS 6 1,680,007 1,650,007
CURRENT ASSETS
Debtors 416,983 339,331
Cash 920,920 969,755
1,337,903 1,309,086
CREDITORS: amounts due within one year 8 ~2,495,837 ~2, 775,551
NET CURRENT LIABILITIES ~1,157,934 ~1,466,465
TOTAL ASSETS LESS CURRENT LIABILITIES 10,648,797 10,462,327
CREDITORS: amounts
Loan 8 Fees in Advance		 due after more than one year ~850,830 ~508.064
TOTAL NET ASSETS 9,798,167 9,954,243
CAPITAL AND RESERVES
Called up share capital 40 40
UNRESTRICTED FUNDS
General Reserve 9,798,127 9,954,203
9,798,167 9,954,243

Notes 2020 2019
E
Cash flows from Operating Activities:
Net cash provided
by		 operating activities ('16a) (8,687) '/, 150,903
Cash flows from Investing Activities:
Payments
for tangible		 fixed assets (548,796) (911,443)
Payments
for investments
(548,796) (911,443)
Interest Received 1,510 4,504
interest Paid on Loan (11,220) (11,966)
Property
Rental income		 59,548 49,634
Transfer to investment properties (5,437) (14,672)
Management
charges		 for rental property 9,218 7,307
35,183 20,193
Net cash flows used in investing activities: (513,613) (891,250)
Cash flows from Financing Activities:
New Loan 500,000
Repayments
on Loan		 26,535 25,249
Cash flows used in financing activities: 473,465 (25,249)
Change
in cash and
period		 cash equivalents in the reporting 4&,835 234,404
Cash and cash equivalents
reporting
period		 at the beginning ofthe 969,755 735,351
Cash and cash equivalents at the end of the reporting (16b) 920,920 969,755
period

Long leasehold property, acquired prior to 1979 -over the term ofthe lease
Long leasehold property - between 25 and 50years
Motor vehicles -over 5years
Fixtures, fittings and equipment - between 5 and 10years
Leasehold
improvements		 -over 20 years
Plant - over 20 years
Computer
equipment		 -over 3years

ANALYSI S OF TOTAL RESOURC ES EXPENDED
2020 Staff costs Other Depreciation Total
F
Cost ofraising Funds
Charitable Activities:
Education 4,787,255 4&2,025 88,653 5,357,933
Welfare 611,302 340,726 23,090 975,118
Premises 222,346 675,815 588,572 1,486,733
Swimming Pool Costs 142,576 38,553 181,129
Support Costs 1,099,593 579,825 542 1,679,957
6,&63,072 2,116,944 700,857 9,680,873
2019
Cost ofraising Funds
Charitable Activities:
Education 4,614,0'/5 651,596 88,653 5,354,264
Welfare 771,42T 627,684 23,090 1,422, 20'I
Premises 261,315 791,T64 539,732 1,592,811
Swimming pool costs '/58, 108 32,880 190,988
Support Costs 564,165 670,405 542 'l,235,112
6,369,030 2,774,329 652,017 9,795,376
2020 2019
Other expenditure
includes:
Auditor's remuneration:
for audit (inc VAT) 16,500 15,720
Operating lease rentals —other 71,435 33,918
Depreciation 700,857 652,018
Staff Costs
Wages and salaries 5,427,897 5,233,750
Social security costs 493,131 475,624
Pension
contributions		 942,044 659,656
6,863,072 6,369,030

he average
num		 ber
o		 femployees
in the ye		 femployees
in the ye		 ar was:
2020 2019
Average Average FTE Average Actual Average FTE
Actual No. No. No. No.
Teachers 78 70 77 68
Academic Support 33 23 33 24
Welfare 48 38 46 38
Premises 25 22 36 28
Administration 12 11 11 10
Total 196 164 203 168
either the Directors nor persons connected with them received any remuneration or other
enefits from the School or any connected organisation.
Related Party Transactions 2020 2019
Reimbursement oftrustee expenses RO F334
Number oftrustee reimbursed 2
whose emoluments
ex		 ceeded 660, 000were
2020 2019
No. No.
260,001 —F70,000 3 3
F70,001 - F80,000
f90,001 —2100,000		 2 2
1
F100,001 —f110,000
F110,001 —F120,000
2120,001 - E130,000
f170,001 - F180,000
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INVESTMENTS INVESTMENTS 2020 2019
'E
Investment properties b/fwd 1,650,000 1,300,000
Transfer from fixed assets 31,613
Improvements
and additional		 costs 5,437 14,673
Gains on revaluation 24,563 303,714
Investment properties c/fwd 1,680,000 1,650,000
Investment in subsidiary
undertaking		 (note 14) 7 7
1,680,007 1,650,007
DEBTORS 2020 20'l9
Fees 180,305 54,581
Other debtors 8,729 30,601
Prepayments
and accrued income		 227,949 254,149
416,983 339,33'I
CREDITORS: DUE WITHIN ONE YEAR 2020 2019
Bank Loan (note 10) 132,065 26,566
Fees in advance 1,226,658 1,420,118
Parental
deposits		 642,541 656,122
Trade creditors 89,055 123,053
Other taxes and social security 130,519 118,878
Accruals and deferred income 135,243 311,541
Other creditors 139,756 119,273
2,495,837 2,775,551

CREDITORS: DUE AFTER MORE THAN ONE YEAR: 2019 2019
From one to two years:
Fees in advance 25,470 25,410
Loan (note 10) 726,460 27,374
From two to five years:
Fees in advance 74,025 74,820
Loan 331,130
Five years onwards:
Fees in advance 24,675 49,350
Loan
Total 850,630 508,084
BANK LOAN 2019 2019
Amounts
falling due:
Within one year 132„065 26,566
Within one to two years 726,460 27,374
Within two to five years 331,130
Total 858,525 385,070
SHARE CAPITAL SHARE CAPITAL No. Value No. Value
2020 2020 2019 2019
Allotted and fully paid:
Ordinary shares off1 each 40 40 40 40

(a) Reconciliation
of		 Net In com ing Resources to Net Cash Inflow from Operations
2020f 2019
Net incoming
resources		 180,639 177,664
Elimination
of non-operating		 cash flows:
Interest received (1,510) (4,504)
Interest of loan repaid 11,220 11,966
Rental Income from investment (59,548) (49,634)
Cost of Management
Depreciation
charges		 of Rental Properties 9,218
700,858		 7,307
652,017
Decrease/(increase) in Debtors (77,651) 374,080
Decrease in stock
(Decrease)/increase in Creditors (410,635) (17,993)
171,952 973,239
Net cash inflow from operations (8,687) 1,150,903
(b) Analysis ofcash and cash equivalents
Cash held and at bank 920,920 969,755
(c)Analysis of changes in net funds
Balance at 1 Cash Balance at
September 2019 Flows 31August 2020
E
Cash at bank & in hand 969,755 (48,835) 920,920
Loan (note 10) ~355070 ~473465
584,685 522,300 62,385
Reconciliation
of Net Cash		 Flow to movement in net debt
2020 2019
e
Increase/(decrease) in cash in the year (48,835) 234,404
Cash outflow from decrease in debt 473,465 25,249
Ilovement
in net (debt)/funds		 in the year (522,300) 259,653
Opening
net funds		 584685 325,032
Closing net funds 62,385 584,685