## 



## 

||||||Pages|
|---|---|---|---|---|---|
|Reference and Administrative|||Details ofthe Charity,|its Trustees and Advisors|1-2|
|Governors'|Report||||3-16|
|Independent|Auditors'|Report|||17-19|
|Accounting|Policies||||20-23|
|Consolidated|Statement|of Financial Activities|||24|
|Consolidated|Balance Sheet||||25|
|Consolidated|Statement|of Cashf lowe||||
|Notes to the|Financial Statements||||27-41|





## 

## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 



## 

## 




## 



## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

## 

## 



## 

## 

## 



## 

## 

## 

## 



## 

## 

## 



## 

## 

## 



## 

## 

## 



## 

## 

## 

## 



## 

## 

## 

## 



## 

## 



## 

## 

## 

## 



## 

## 

## 

## 



## 

## 


## 

## 




## 

|The results ofthe charity were:||
|---|---|
||E|
|Total Income and Endowments|14,431,478|
|Total Expenditure|13,362,932|
|Net Income|1,068,546|





## 

## 

## 

## 

## 



## 

## 

## 

## 



## 

## 



## 

## 

|||Mite|Endowed|Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
||||Funds|Funds|Funds|2021|2020|
||||2|2|2|2||
|Income and Endowments|from:|||||||
|Donations<br>and legacies||1|||53.355|53,656|7,793|
|Charitable<br>acthities||5|||14,062,126|14,062,126|13,131,861|
|Other trading actiubes||2,3|||92,594|92,594|95.137|
|Imestments||4|||801|839|17,394|
|Other income|||||222,263|222,283|571,232|
|Total Income and Endowments||||338|14,431,140|14,431,478|13,823417|
|Expenditure<br>on:||||||||
|Raising<br>funds|||||91,156|91,156|53,723|
|Charitable<br>actiuties|||||13,271,776|13,271,776|13,454980|
|Total Expenditure|||||13,362,932|13362,932|13,508,703|
|Net Incomel (Expenditure)||||||||
|before Transfers||||338|1,068,208|1,068,546|314,714|
|||||~IMMI|IMIII|||
|Net Incomel (Expenditure)|Before Other Recognised|||(186.303)|1,254,849|1.068,546|314.714|
|Gains and Loans||||||||
|Gaini(Less) on imeslments|||||3,115|3,115|(1,859)|
||||||83,000|83,000|(52,000)|
|Actuarial<br>Gainf(Loss) on defined benelit pension schemes||||||||
|Nst Movement<br>in Funds||||(186,303)|1,340,964|1,154661|260,655|
|Total funds brought<br>fcvward|at 1 September 2020||28,224|2.328,740|6,685.875|9,042,839|8,781,984|
|Total Funds Carried Forward at 31 August 2021|||28,224|2,142,437|8,026,839|10,197500|9,042,839|





## 

## 

|||||||Group|||College||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||2021|2020||2021|2020|
|FIXEDASSETS|||||||||||
|Tangible assets<br>Inlestments|||||12|6,560,416|6.040,224<br>5453|6,496,154<br>8,573||6,040,224<br>5457|
||||||||6,045,677|6,503,727||6,045,681|
|CURRENT ASSETS|||||||||||
|Stocks|||||15|15,642|10,293||16,642|10,293|
|Debtors|||||16|578,188|371,096||634,402|408,751|
|Cash at bank and|in hand||||||6,986,442|||6927,682|
||||||||7,367,831|8,050,794||7,346,726|
|Creditona<br>amounts|falling|due within one year|||17|(3,590,250)|(3,439,669)|(3,581,879)||(3,435,852)|
|NET CURRENT ASSETS||||||||4|468915|3910874|
|TOTAL ASSETS LESS CURRENT LIABILITIES||||||10,999,651|9,973,839|10,972,642||9,956,555|
|LONG TERM LIABILITIES|||||||||||
|Creditors: amounts|falling|alter||one year|18|(15,151)|||(15,161)||
|Defined pension scheme||liability|||21|(787,000)|(931,000)|(787,000)||(931,000)|
|NET ASSETS INCLUDING|||PENSION SCHEME||||||||
|LIABILITIES||||||||0|S||
|CHARITY FUNDS|||||||||||
|Endowed<br>Funds|||||19|25,224|28,224||28,224|28.224|
|Restricted<br>Funds|||||19|2,142,437|2,328,740|2,142,437||2,328,740|
|Unrestricted<br>Funda|||||19||||||
|Unrestricied<br>funds excluding||||pension scheme||8,813,839|7,616,875|8,786,830||7.599,591|
|liability|||||||||||
|Pension resene||||||(787,000)|(931,000)||(787,000)|(931,000)|
|TOTAL FUNDS|||||||||||





## 

## 

||||||2021||2020|
|---|---|---|---|---|---|---|---|
||||||6||6|
|Cash flows from operating||activities||||||
|Net cash prodded<br>by (used <br>operating<br>actidties|in)||||1,158,730||55,420|
|Cash flows from Inveshng||activities:||||||
|Purchase oftangible<br>fixed assets||||(722,055)||(51,460)||
|Loss on sale oftangible<br>fixed assets||||3 132||0||
|Investment<br>Income and bank||interest|received|839||17,394||
|Net cash used in investing||acdvitles|||(718,084)||(34,066)|
|Change<br>in cash and cash<br>equivalents<br>in the year|||||||21.354|
|Cash and cash equihalents|brought<br>forward||||6,986,442||6,965,088|
|Cash and cash equivalents<br>forward||carried|||7,427,088||6,986,442|





## 

## 

|1<br>Income from|1<br>Income from|1<br>Income from|1<br>Income from|Donations and|Donations and|Legacies|Legacies|||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||Endowment|Restricted|Unrestricted|Tote I|Total|
||||||||funds|funds|funds|funds|funds|
|||||||||||2021|2020|
|||||||||K|||E|
|Donations||||||||300|53,356|53656|7,793|
||||||||||||7793|
|Donations|2020||||||||7,793||7,793|
|2<br>Rents||Receivable||||||||2021|2020|
|||||||||||5|E|
|Rents receivable||||||||||17,504|18,973|
|3<br>Non Charitable|||||Trading|||||Total|Total|
|||||||||||funds|funds|
|||||||||||2021|2020|
|Income||||||||||||
|Tumowr||||||||||75,086|76,070|
|Interest Receineble||||||||||4|94|
|||||||||||75,090|76,164|
|Expenses<br>Cost ofsales||||||||||88,926|51,980|
|Administration|||Expenses|||||||2,230|1,743|
|||||||||||91156|53,723|
|Nei expenditure|||from non charitable|||trading|income|||16,066|22,441|
|4<br>investment||||Income|||Endowment|Restricted|Unrestricted|Total|Total|
||||||||funds|tunds|funds|funds|funds|
|||||||||||2021|2020|
||||||||||||E|
|Inwstment||income|||- local cash|||||||
|Infestment||income|||—other local|||38|801|839|17,394|
|inwstments||||||||||||
|||||||||38|801|839|17,394|
|Total funds||2020|||||||16,658||17.394|





## 

## 

|5<br>Income From Charitable|5<br>Income From Charitable|Activities||||2021|2020|
|---|---|---|---|---|---|---|---|
||||||||2|
|Gross fees||||||15,114,299|14,120,736|
|Less: Total bursaries,|grants and|||||||
|allowances||||||(1,538,426)|(1,521,458)|
|Registration<br>Fees||||||43,380|38,292|
|Summer school income|||||||63,591|
|School coach income||||||435,595|399,557|
|Fundraising<br>Income||||||7278|30,843|
|||||||14062,126|13,'l31,861|
|6<br>Analysis of Expenditure||on Charitable|Activities|||||
|||Endowment||Restricted|Unrestricted|Total|Total|
||||funds|funds|funds|funds|funds|
|||||||2021|2020|
|||||||6|6|
|Teaching costs|||||6,795,122|6,795,122|6,751,516|
|Welfare|||||1,241,230|1,241,230|1,257,084|
|Premises|||||2,471,383|2,471,383|2,390,003|
|School Administration<br>costs|and support||||2,764,041|2,784,041|3,056,377|
||||||132T1U6|132TITcc|13454MO|



|7<br>Direct Costs|7<br>Direct Costs||||||
|---|---|---|---|---|---|---|
|||Teaching|Welfare|Premises|School|Total|
|||Costs|||Admlnisbatlon|2021|
|||6|||6||
|Direct chantable|expenditure|352,891|1,047,037|1,255,209|1,530,138|4,185,275|
|Wages and salanes||4,898,100|174,787|913,580|1,017,329|7,003,796|
|National<br>insurance<br>Pension Cost||510,676<br>1,033,455|13,103<br>6,303|65,403<br>40,240|109,165<br>70,781|698,347<br>1,150,779|
|Depreciation||||196951||196961|
|||6, 95122|1 241230|2,471,383|2,727,413|13,235148|
|Total 2020||6751,516|1 257,084|2390,003|3034365|13432 969|





## 

## 

|8<br>Support Costs|||||||School<br>Adminlshaaion|School<br>Adminlshaaion||Tots I<br>2021|Total<br>2020|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||5||5||
|Governance<br>costs||||||||366||36628|22,011|
|||||||||||2021|2020|
|||||||||||6||
|Auditom'<br>remuneration:||||||||||21,082|16,648|
|Gotemors<br>Insurance||||||||||1,616|1,960|
|Goiemors Expenses<br>Misc||||||||||aos<br>13026|4,403|
|||||||||||36628|22011|
|During the year SNil was reimbursed||||to|Nil|Gotemois (2020. 21,201,to 4Goiemors)||for expenses|incurred|||
|9<br>Analyslsof<br>ResourcesExpended|||||Sy Expenditure||Type|||||
|||||||Siss<br>costs|Depreciation|Other Costs||Tots I|Total|
|||||||||||2021|2020|
|||||||||||5|5|
|Non charitable<br>trading <br>Cost ofgenerating|expenses<br>funds|||||||91,166<br>91,166||91,165<br>91,156|53,723<br>53,723|
|Teaching costs<br>Welfare||||||8,442,231<br>194,193||362,891<br>1,047,037||6,796,122<br>1,241,230|6,751,516<br>1,257,054|
|Premises||||||1,019,223|19s,ast|1,255,209||2,471,383|2,390,003|
|School Administration|and|support||||1,197,276||1,666,766||2,764,041|3,050,377|
|costs<br>Charitable<br>activities||||||8,862822|195951|4 221 903||13271,775|13,454,900|
|||||||8 852 922|196961|4313068||13362 932|13508,703|
|10<br>Net Incomel(Expenditure)<br>This is stated after charging.||||||||||2021<br>5|2020f|
|Depreciation<br>offixed assets<br>.<br>- owned by the chantable<br>group||||||||||198730|240,153|





## 

## 

|11<br>Staff Costs|||||||
|---|---|---|---|---|---|---|
|Staff Costs were as follows:|||||2021|2020|
|||||||E|
|Wages and salaries|||||7,003,796|7,112,128|
|Social security costs|||||698,347|698,147|
|Other pension costs (note 21)|||||1 150,779|1,190,874|
||||||8,852 922|9,001,149|
|The storage number ofpersons|employed||by the College during|the year was as follows:|||
||||||2021|2020|
|Teaching staff|||||131|144|
|Support staff|||||7|7|
|Welfans|||||9|12|
|Premises|||||23|20|
|Household|||||31|32|
|Administration|||||28|35|
|Marketing|||||3|2|
||||||232|252|
|The number ofhigher paid employees||was.|||||
||||||2021|2020|
||||||No.|No|
|E50,001 - E70,000|||||9|6|
|E70,001 - E80,000|||||2|2|
|E80,001 - E90,000|||||||
|E90,001 - E100,000|||||||
|E100,001 - E110,000|||||||
|E110,001 - E120,000|||||||
|E120,001 - E130,000|||||||





## 

## 

|12<br>Tangible Fixed Assets|Land snd|Plant &|Motor Vehicles|Ail Weather Pitch|Total|
|---|---|---|---|---|---|
|Group|buildings<br>2|Equipmentf||||
|Cost<br>At 1stSeptember 2020<br>Additions<br>Disposais|5,383,938<br>436,782|2,534,863<br>220,273<br>(501,587)|92,945<br>65,000<br>(47,288)|416,498|8,428,244<br>722,066<br>(648,876)|
|Write Oib<br>At 31 August 2021|5 820,720|2253 549|110,657|416498|8,601,424|
|Depreciation<br>At 1st September 2020<br>Charge for year<br>Dispossis||1,888,912<br>193,011<br>(498,454)|89,495<br>3.424<br>(47,288)|409,613<br>2,295|2,388,020<br>198,730<br>(646,742)|
|Write Ofs<br>At 31 August<br>2021<br>Net Book Value at 31 August 2021<br>Nst book wlue at 31 August 2020|5,820. 20<br>,383,9M|1 583,469<br>6 0080<br>665,9 1|45631<br>65026<br>3,450|411,908<br>4,590<br>6,885|2 041 008<br>6680,416<br>6040224|
|College||||||
|Cost<br>At 1st September 2020<br>Additions<br>Dispoesis|5,383,938<br>436,782|2.534,863<br>218,231<br>(501,587)|8,280|416,498|8,343,679<br>666,014<br>(601,687)|
|Write Oiis<br>At 31 August 2021|5,820 720|2,251,507|8,280|416,498|8497,006|
|Depreciation<br>At 1st September 2020<br>Charge for year<br>Disposais||1,888,912<br>192,585<br>(498,454)|4,830<br>2,070|409,613<br>2,295|2,303,365<br>196,SS1<br>(498,454)|
|Write Orfs<br>At 31 August 2021<br>Nst Book Value at 31 August 2021<br>Net book 6elus at 31 August 2020|5,820,720<br>5,383,938|1,583043<br>668464<br>645951|1,380<br>3,450<br>6900|4,590<br>8,885<br>411908|6495,164<br>6,040,224<br>2001 SS2|





## 

|13<br>Fixed Asset Investments|13<br>Fixed Asset Investments|
|---|---|
|Group||
|Market value||
|At 31August|2021|




## 

## 


|Ail gxed asset inumtments|Ail gxed asset inumtments|are held|rn the UK||||
|---|---|---|---|---|---|---|
|||||Listed|Unlisted||
|College Market Value<br>At 31 August<br>2021||||securities<br>f<br>8,569|securities<br>f<br>4|Tote I<br>f<br>8,573|
|College investments|at|market value comprise:|||2021|2020|
|Listed inu.stments|||||f|f|
|Group<br>Total|||||8,569<br>4|5,453<br>4|
||||||8573|5457|





## 

## 

|14<br>Principal<br>Subsidiaries|||||||||
|---|---|---|---|---|---|---|---|---|
|Subsidiary<br>name<br>Company<br>registration<br>number<br>Basis ofcontrol|||||Old Hall Enterprises<br>Ltd<br>01889064<br>Wholly owned subsidiary||||
|Equity shareholdng<br>%||||||100%|||
|Total assets as at 31 August 2021||||||8115,279|||
|Total liabilities as at 31 August 2021<br>Total equity as at 31 August 2021||||||E88,266<br>E27,013|||
|Turnover<br>for the year ended 31August<br>2021<br>Expenditure<br>fitr the year ended 31 August<br>2021<br>Profit for the year ended 31 August 2021||||||6190,089<br>6180,364<br>9,725|||
|15<br>Stocks|||||Group<br>2021|2020|College<br>2021|2020|
||||||E|E|E|E|
|Consumablss|||||15,642<br>15642|10,293<br>10,293|15,842<br>15,642|10,293<br>10.293|
|16<br>Debtors|||||Group<br>2021|2020|College<br>2021|2020|
||||||E|E|E||
|Trade debtors<br>Other debtors|||||259,641<br>54,323|62,086<br>90,907|259,184<br>31,835|62,086<br>83,257|
|Amounts<br>owed from group undertakings<br>Prepayments<br>and accrued income|||||264,222|218,103<br>371,096|79,895<br>263,488<br>634402|34,244<br>229,164<br>408,751|
|17<br>Creditors: Amounts<br>falling|due|within||one year|Group<br>aoat|2020|College<br>2031|2020|
||||||E|8|E|E|
|Fees paid in advance<br>Other creditors|||||1,125,906<br>856,226|1,195,079<br>591,529|1,125,906<br>650,391|1,195,079<br>589,078|
|Amounts<br>owed to group undertakings<br>Other taxation<br>and social security<br>School fees deposits<br>Accruals|||||173,813<br>1,366,627<br>267,678<br>3,590250|172,808<br>1,201,331<br>278,922<br>3,439,669|173,813<br>1,366,627<br>265,142<br>3,581,879|172,808<br>1,201,331<br>277,556<br>3,435,852|
|18<br>Credltonk<br>Amounts<br>falling|due||over one year||Group<br>2021|2020|College<br>2021|2020|
||||||E||E|E|
|Lease liabilities|||||15151||15151||
||||||15,151||15.151||





## 

|FOR THE YEAR ENDED|31AUGUST 2021|
|---|---|
|19<br>Statement of Funds||
|Designated<br>Funds(Group<br>and Charity)<br>Balance 1<br>September<br>2020|Income<br>Outgoing<br>resources<br>Transfers<br>&<br>invesbnent<br>gaInsl(losses)<br>Balance 31<br>August2021|
|Cap8al Resene<br>As Weather Pitch Replacanent<br>Fund<br>Amenities<br>Fund<br>Sia0ard Legacy<br>Cardinal<br>Hume Assistance<br>Fund<br>Froiich Fund<br>Other Designated<br>Funds<br>5,383,938<br>232,953<br>S7,249<br>46,996<br>1,08S,989<br>8,021<br>2776|7,278<br>(15,886)<br>8<br>436,782<br>15,000<br>10,882<br>(1,08S,989)<br>5,820,720<br>247,953<br>69,303<br>46,998<br>8,021<br>2 776|
|6817932||
|General Funds<br>College(Group<br>and Charity)<br>Cardnai<br>Hume Aasislance<br>Fund<br>Subsidiary<br>Company<br>(Group)<br>Pension Resene (Group and Charily)<br>Balance 1<br>September<br>2020<br>5<br>781,659<br>Income<br>14,362,943<br>202<br>60,717<br>Outgoing<br>resources<br>(13,316,890)<br>(91,156)<br>61,000<br>Transfers &<br>Investment<br>gains/(losses)<br>8<br>(312,852)<br>1,085,989<br>40,1S4<br>83000<br>Balance 31<br>August 2021<br>1,514,850<br>1,086,191<br>27,009<br>787,000||
|Total Unrestricted<br>Funds<br>6885875<br>14|431 140<br>13362932<br>896301<br>1841 060<br>272 756<br>8026 839|
|Endowment<br>Funds -(Group and Charity)<br>Primtop<br>Bursary<br>Mary Woodcock Mathematics<br>Pnze<br>Edmundian<br>Scholarship<br>Father Higiey Scholarship<br>Our Lady ofPity Scholamhip<br>Balance<br>1<br>September<br>2020<br>8<br>25,000<br>300<br>485<br>1,483<br>958|Income<br>Outgoing<br>resources<br>Transfers<br>&<br>Balance 31<br>Augufd 2021<br>gainaigoems)<br>5<br>5<br>25,000<br>300<br>486<br>1,483<br>956|
|28224|28224|
|Restricted funds (Group and Charity)<br>Balance 1<br>September<br>2020|Income<br>Outgoing<br>resources<br>Transkfrs &<br>investment<br>gainer(losses)<br>Balance 31<br>Augusi2021|
|Fortescue Vestment<br>Rasorauon<br>Butler Memorial<br>Fund<br>Father Pinot Fund<br>Bursary<br>Fund<br>Other Restncted<br>Funds<br>5<br>1,100<br>107<br>279,762<br>2,047,771|38<br>300<br>5<br>(40,751)<br>(145,890)<br>8<br>1,100<br>107<br>239,049<br>1,901,881<br>300|
|Total Funds<br>2328740|338<br>186641<br>2 142437<br>86 115<br>10197500|
|Endowment<br>and<br>Restricted<br>funds<br>comprise<br>donations<br>received<br>specifically<br>to generate<br>income<br>to<br>fund<br>scholarships<br>and bursaries.<br>Transfers<br>are made from the Endowed<br>and Restricted<br>Funds to general<br>funds to<br>contribute<br>to the cost of scholarships<br>and bursaries.<br>The All Weather<br>Pitch Replacement<br>Fund comprises<br>an<br>amount sat aside to build a fund for the replacement<br>ofthe All Weather Pitch. An annual<br>transfer is made to this<br>fund<br>from general<br>funds<br>and a transfer<br>has been made<br>to general<br>funds<br>to cover expenditure<br>incurred<br>on<br>replacement<br>work in the year, The Amenities<br>Fund represents<br>donations<br>to the College Parents Association<br>and<br>income generated<br>on behalf of the College by the Parents Association.<br>The income is used to fund purchases<br>of specific items of equipment<br>for use by College students.<br>The Cardinal<br>Hume Assistance<br>Fund, the Stallard<br>Legacy and the Frolich Fund are established<br>to fund bursarias.<br>The Capital Reserve represents<br>the balance of<br>the College funds that are invested<br>in land and buildings.<br>Other designated<br>funds include sums raised for specific<br>items of expenditure.<br>During the year a transfer was made to general<br>funds representing<br>spend on the chapel.||





## 

## 

|Statement<br>of Funds Prior Year<br>Designated<br>Funds(Group<br>and Charity)|Balance<br>1<br>$ be **201**g<br>September<br>9|Balance<br>1<br>$ be **201**g<br>September<br>9|Income|Outgoing<br>resources|Transfem<br>&<br>inurstment<br>gains/(losses)|Balance 31<br>August 2020|
|---|---|---|---|---|---|---|
|Capital Resene<br>All Weather Pitch Replacement<br>Fund<br>Amenities<br>Fund<br>Stallard Legacy<br>Cardinal<br>Home Assistance<br>Fund<br>Frolich Fund<br>Other designated<br>Funds||5<br>5,382,411<br>217,963<br>35,944<br>46,996<br>1.085,692<br>6,144<br>2,776<br>6777 926|297<br>1,877|(9,488)|9<br>1.527<br>15,000<br>(50)<br>16,477|5,383,938<br>232,963<br>57,249<br>46,996<br>1,085,989<br>8,021<br>2,776<br>8,817,932|
|General Funds|Balance 1<br>September 2019||Income|Outgoing<br>resources|Transfers<br>&<br>iniestment<br>gains/(losses)|Balance 31<br>August 2020|
|College(Group<br>and charity)<br>Subsidiary<br>company<br>(Group)<br>Pension resene (Group and Chanty)||9<br>432.561<br>24,719|5<br>13,729,632<br>60,032|(13,549,492)<br>(53,723)<br>104,000|5<br>168,958<br>(13,744)<br>52,000|5<br>781,659<br>17,284<br>931,000|
|Total Unrestricted<br>funds||525,720<br>6252,206|13,822,681|13,508703|119,691|6,685,875|
|Endowment<br>Funds - (Group and Charity)|Balance 1<br> $ I<br>b<br>**201**g<br>September<br>9||Income|Outgoing<br>resources|Transfem<br>&<br>insestment<br>gains/(losses)|Balance 31<br>A<br>t 2020|
|||5|||5|5|
|Primtop<br>Bumary<br>Man/ Woodcock Mathematics<br>Prize<br>Edmundian<br>Scholarship<br>Father Higley Scholarship<br>Our Lady of Pity Scholarship||25,000<br>300<br>485<br>1,483<br>956<br>28,224||||25,000<br>300<br>485<br>1.483<br>956<br>28,224|
|Restricted<br>Funds(Group<br>and Charity)||Balance 1<br>September 2019|Income|Outgoing<br>resources|Ti'ansfeis<br>&<br>iniestment<br>gains/(losses)f|Balance 31<br>August 2020|
|Forlescue Vestment<br>Resoration<br>Butler Memorial<br>Fund<br>Father Pinot Fund<br>Bursary<br>Fund||1,100<br>107<br>306,684<br>2,193,663|736||(27,658)<br>(145,892)|1,100<br>107<br>279.762<br>2,047,771|
|Other Restricted<br>Funds<br>TotalFunds||2,501,554<br>8,781,984|736||173550<br>3,|2 328740<br>I,|





## 

## 

## 

|Group Analysis ofNe|t Assets Between Funds-|Current Year||||
|---|---|---|---|---|---|
|||Endowment|Restricted<br>Funds|Unrestricted|Total Funds|
|||Funds 2021|2021|Funds 2021|2021|
|Tangible<br>lixed assets<br>Fixed asset inwstments<br>Current assets<br>Creditors due within one year<br>Prrnisions<br>for liabilites<br>and charges||28,224<br>2<br>2r<br>E|E<br>2,142,437<br>2,142437|E<br>6,660,416<br>8,569<br>6,860,265<br>(3,590,260)<br>802 161<br>8,028,839|E<br>6,660,416<br>8,569<br>6,020,916<br>(3,590,260)<br>802161<br>10197500|



## 

|Group Analysis of N|et Assets Between Funds -Prior Year||||||
|---|---|---|---|---|---|---|
|||Endowment|Restricted|Funds|Unrestricted|Total Funds|
|||Funds 2020||2020|Funds 2020|2020|
|Tangible fixed assets<br>Fixed asset inwstments||E||E|E<br>6,040,224|E<br>6,040,224|
|Current assets<br>Creditors<br>due within one year<br>Provisions<br>for liabihtes<br>and charges||28,224|2,328,740||5,453<br>5,010,867<br>(3,439,669)<br>931,000|5,453<br>7,367,831<br>(3,439,669)<br>931000|
|||28224|2,328,740||6,685,875|9,042,839|
|Charity<br>Analysis<br>of Net Assets Between Funds -Current Year|||||||
|||Endowment|Restricted|Funds|Unresbfcted|Total Funds|
|||Funds 2021||2021|Funds 2021|2021|
|Tangible fixed assets<br>Fixed asset investments||E||E|E<br>6,496,164|E<br>6,496,164|
|Current assets<br>Creditors<br>due within one year<br>Provisions<br>for liabilites<br>and charges||28,224|2,142,437||8,673<br>5,880,133<br>(3,681,879)<br>802 151|8,573<br>8,060,794<br>(3,681,879)<br>802,161|
|||28 224|2,142,437||7,999830|10170491|



|Charity Analysis<br>ofN|et Assets Between Funds -|Prior Year||||
|---|---|---|---|---|---|
|||Endowment|Restricted<br>Funds|Unrestricted|Total Funds|
|||Funds 2020|2020|Funds 2020|2020|
|Tangible fixed assets<br>Fixed asset inwstments||E||E<br>6,040,224|E<br>6,040,224|
|Current assets<br>Creditors<br>due within one year<br>Provisions<br>for liabilrtes<br>and charges||28,224|2,328,740|5,457<br>4,989,762<br>(3,435,852)<br>931000|5,457<br>7,346,726<br>(3,435,852)<br>931000|
|||28,224|2,328,740|6,568,591|9,025,555|





## 

## 

## 




## 

## 

|1he assets|1he assets|in the scheme and the expected rates of return|in the scheme and the expected rates of return|in the scheme and the expected rates of return|were:|were:|Fair value at 31<br>August2021|Fair wlue at<br>31 August<br>2020|
|---|---|---|---|---|---|---|---|---|
||||||||f|f|
|Equities|||||||806,000|485,000|
|Cash|||||||192,000|335,000|
|Properly|||||||28,000|26,000|
|Insured|pensions||||||1,374,000|1,420,000|
|Bonds|||||||487,000|423,000|
|Altematiws|||||||62,000|19,000|
|Total market||wive ofassets|||||2,949,000|2,708,000|
|The actual||return on|scheme assets|was f216,000||(2020-f77,000)|||
|The amounts||recognised|in the Statement|ofFinancial Actiuties are as follows:|||2021|2020|
||||||||f|f|
|Cunent|senice cost||||||32,000|30,000|
|Net Interest||cost|||||14000|17,000|
|Total|||||||46000|47,000|
|Actual<br>return||on scheme|assets||||216,000|77,000|
|Mowments||in the present|value ofa defined|benefit obligation||were as follows:|2021|2020|
||||||||f||
|Opening|defined benefit obligation||||||3,639,000|3,571,000|
|Interest|cost||||||58,000|54,000|
|Contributions||by scheme|participants||||3,000|3,000|
|Actuarial|gains||||||ee,ooo|82,000|
|Cunent|service costs||||||32,000|30,000|
|Benelits|paid||||||efi,ooo|111,000|
|Closing|delined<br>benelil obligation||||||3,736000|3,639,000|
|Changes|in the fair value||ofscheme assets|were as follows|||2021|2020|
|||||||||f|
|Opening|fair|value ofscheme assets|||||2,708,000|2,588,000|
|Interest|Income||||||44,000|47,000|
|Actuarial|gains and (losses)||||||172,MO|30,000|
|Contributions||by employer|||||107,000|151,000|
|Contributions||by scheme|participants||||3,000|3,000|
|Benefits|paid||||||86,000|111,000|
||||||||2,949,000|2,708,000|





## 

## 

|The major categories<br>of|The major categories<br>of|scheme assets as a percentage<br>oftotal|scheme assets as a percentage<br>oftotal|scheme assets as a percentage<br>oftotal|scheme assets are|as follows:|2021|2020|
|---|---|---|---|---|---|---|---|---|
|Equities|||||||76.03%|71.05%|
|Bonds|||||||16.51%|15.62%|
|Properly|||||||0.96%o|0.960/o|
|Cash|||||||6.51%%uo|12.37%|
|Amounts<br>for|the current|and previous|four periods sre ss follows:||||||
|Defined benefit pension||schemes|||||||
|||||2021|2020|2019|2018|2017|
|Defined benefit obligation||||(3,736,000)|(3,639,000)|(3,571,000)|(2,881,000)|(3,050,000)|
|Scheme assets<br>Deficit||||20O,DM<br>2200000<br>2000Mtl<br>~203,000~939,0DD~983000|||2,308,000<br>573,000|2,236,000<br>814,000|
|Experience|adjustments|on scheme||(89,000)|(82,000)|(660,000)|198,000|46,000|
|liabilities|||||||||
|Experience|adjustments|on scheme|assets|172,000|30,000|137,000|(27,000)|(29,000)|



## 

## 

|22<br>Operating<br>Lease Comm|itments||||||||
|---|---|---|---|---|---|---|---|---|
|At 31August 2021 the total of|the Group's|future minimum|lease payments|under|non cancellable|operating|leases was:||
||||||||2021|2020|
|Group and College amounts|payable||||||6|6|
|Within<br>I year|||||||35,029|33,884|
|Between I and 5years|||||||67,807|28,136|
||||||||102,836|62,020|



## 

## 



## 

## 

|25<br>Consolidated<br>Statement ofFinancial|25<br>Consolidated<br>Statement ofFinancial|Activities - Comparative|Figures By Fund-Type|Figures By Fund-Type|||
|---|---|---|---|---|---|---|
|Year Ended 31 August|2020||Endowed|Restricted|Unreiaricted|Tots I|
||||Funds|Funds|Funds|2020|
|||||6|6|E|
|Income and Endowmentsfrom:|||||||
|Donations<br>and legacies|||||7,793|7,793|
|Charitable<br>activities<br>Other trading<br>acthities|||||13,131,861<br>95,137|13,131,861<br>95,137|
|Inwstments|||||16,658|17,394|
|Other Income<br>Total Income and Endowments|||||571,232<br>13822,681|571,232<br>13,823,417|
|Expenditure<br>on:|||||||
|Raising Funds|||||53,723|53,723|
|Charitable<br>actidties<br>Total Expendlture|||||13,454,980<br>13,508,703|13454,980<br>13,508,703|
|Net Income (Expenditure)<br>before Transfers<br>Transfers<br>between<br>funds<br>Net Income (Expenditure)<br>before Other||||736<br>~173,550|313,978<br>173550|314,714|
|Recognised<br>Gains and|Losses|||(172,614)|487,528|314,714|
|Gains on Ininstments<br>Actuarial<br>gains on defned|benefit pension schemes||||(1,859)<br>52000|(1,859)<br>52 000|
|Net Nlovement<br>in Funds|for the Year|||(172,814)|433,669|260.855|
|Fund balances<br>brought<br>forward al I September 2019<br>Fund BalancesCardied<br>Forward at 31August 2020|||28,224<br>28 224|2,501,554<br>2,328,740|6,252,206<br>6685,875|8781,984<br>9,042,839|





## 

## 

|26<br>Reconciliation|of Net Movement|of Net Movement|of Net Movement|In Funds|to|Net Cash Flow|from Operating<br>Activities||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||2021|2021|2020|2020|
||||||||6|6|2|2|
|Net income/(expenditure)for||the year (ss||per Statement||ofFinancial|||||
|Actiuties)|||||||1,071,661|||312,855|
|Adjustment<br>for.|||||||||||
|Iniestment<br>income|||||||(839)||(17.394)||
|Finance costs|||||||||||
|Depreciation<br>charge|||||||198,730||240,153||
|Investment<br>(gain)/loss|||||||(3,115)||1,859||
|(Increase)/Decrease|in stocks||||||(5,349)||14,055||
|(Increase)/Decrease|in debtors||||||(207,090)||164,011||
|Increase/(Decrease)<br>Actuarial<br>change<br>in|in creditors<br> pension scheme||liability||||185,732<br>~67,000||(556,119)<br>~104,000||
|||||||||87,069||257,435|
|Net Cash prouded<br>by/(used||in) operating||actiuties|||I|181120||01,420|
|27<br>Analysts ofCash and Cash Equivalents-|||||Group||||2021|2020|
||||||||||6|6|
|Cashinhand|||||||||7421018|8 IID 406|
||||||||||7427000|6080402|