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2020-08-31-accounts

Unrestricted Restricted Endowment Total Total
funds funds funds funds funds
2020 2020 2020 2020 2019
Note 5000 EOOO f000 8000 8000
Income and
endowments
from:
Donations and legacies 4 10 555 587
Charitable
activities		 5 20,347 20,347 19,686
Investments 6 48 91 108
Other Inco'me' 7 316 316 (5)
Total income and
endowments		 20,721 588 21,309 20,376
Expenditure on:
Chadtable
activities		 8 19,687 472 20,159 19,516
Total expenditure 19,687 472 20,159 19,516
Net (losses)/gains on
investments (8) (59) (67) 134
Transfers between
funds 22 102 (102)
Net movement
in
funds before other
recognised
gains/(losses)		 1,128 (45) 1,083
Other recognised
gains/(losses):
Actuarial
losses on
defined benefit pension
schemes 19 (9) (9) (122)
Net movement
in
funds		 1,119 (45) 1,074 872
Reconciliation
of
funds:
Total funds brought
forward 14,471 1,969 3,273 19,713 18,841
Net movement
in		 funds 1,119 (45) 1,074 872
Total funds carried
forward		 15,590 1,924 3,273 20,787 19,713

CONSOLIDATED CONSOLIDATED BALANCE SHEET
AS AT 31AUGUST 2020
2020 2019
Note F000 8000
Fixed assets
Tangible assets 11 17,078 17,221
Investmerits 13 1,633 1,888
Investment
property		 12 575 575
19,286 19,484
Current assets
Stocks 37 39
Debtors 14 934 1,158
Cash at bank and in hand 5,679 4,538
6,650 5,733
Creditors: amounts falling due within one
year 15 (3,534) (3,593)
Net current assets 3,116 2,040
Total assets less current liabilities 22,402 21,524
Creditors: amounts falling due after more
than one year (1,171) (1,303)
Net assets excluding pension liability 21 231 20,221
Defined benefit pension scheme liability 19 (444) (508)
Total net assets 20,787 19,713

2020 2019
Note 5000 OOOO
Charity funds
Endowmentfunds 22 ' 3,273 3,273
Restricted funds 22 1,924 1,969
Unrestricted
funds		 22 15,590 14,471
Total funds 20,787 19,713

CHARITY BALANCE SHEET CHARITY BALANCE SHEET
AS AT 31 AUGUST 2020
2020 2019
Note 8000 6000
Fixed assets
Tangible assets 11 17,078 17,221
Investments 13 1,633 1,688
Investment
property		 12 575 575
19,286 19,484
Current assets
Stocks 37 39
Debtors 14 935 1,157
Cash at bank and in hand 5,679 4,538
6,651 5,734
Creditors: amounts falling due within one
yeal 15 (3,533) (3,592)
Net current assets 3,118 2,042
Total assets less current liabilities 22,404 21,526
Creditors: amounts falling dus after more
than one year 16 (1,171) (1,303)
Net assets excluding pension
liability		 21233 20,223
Defined benefit pension scheme liability 19 (444) (508)
Total net assets 20,789 19,715

2020 2019
Note 5000 EOOO
Charity funds
Endowmentfunds 22 3,273 3,273
Restricted funds 22 1,924 'I,969
Unrestricted
funds		 15,592 14,473
Total unrestricted funds 15,592 14,473
Total funds 20,789 19,715
PJESmith, NIA DrSCSantber
Chairman Vice Chairman

2020 2019
6000 5000
Cash flows from operating
activities
Net cash used In operating
activities		 2,377 1,602
Cash flows from investing
acthrities
Proceeds from the sale oftangible assets 11 16
Payments to acquire tangible fixed assets (1,135) ('I,203)
Receipts from sale ofinvestments 608 121
Payments
to acquire Investments		 (619) (132)
Interest received 5 11
Dividends received 43 45
Rentals received from investment
properties		 43 49
Proceeds from the sale ofinvestment property 173
Net cash used in Investing
activities		 (1,044) (917)
Cash flows from financing
activities
Repayments
of long term loans		 (158) (154)
Interest paid (19) (56)
Repayments
of hire purchase
finance		 (14)
Net cash used in financing
activities		 (191) (210)
Change in cash and cash equivalents in the year 1,142 475
Cash and cash equivalents
at the beginning		 ofthe year 4,538 4,063
Cash and cash equivalents
at the end		 of the year 5,680 4,535
The notes on pages 32to 62form part ofthese financial statements

Unrestdicted Restricted Total
funds funds funds
2020 2020 2020
2000 6000 EOOO
10 545 555
Unrestricted Restricted Total
funds funds funds
2019 2019 2019
8000 8000 5000
68 519 587

Unrestricted Total
funds funds
2020 2020
9000 9000
Tuition fees 19,208 19,208
Other educational income 453 453
Other ancillary Income 194 194
School meals 492 492
Total2020 20,347 20,34T

Unrestncted Total
funds funds
2019 2019
8000 5000
Tuition fees 18,052 18,052
Other educational income 951 951
Other ancillary income 128 128
School meals 555 655
Total 2019 'I9,686 19,686

Unrestricted Restricted Total
funds funds funds
2020 2020 2020
5000 8000 9000
Rental income 43 43
Income from investments 43 43
Deposit account interest and interest from other debtors 5 5
Total2020 48 43 91

Unrestricted Restricted Total
funds funds Funds
2019 2019 2019
8000 6000 8000
Rental Income 49 49
Income from investments 48 48
Deposit account interest and interest from other debtors 11 51
Total2019 59 49 108

Unrestricted Total
funds funds
2020 2020
6000 EDDD
Loss on disposal oftangible fixed assets (3) (3)
Government grant income 319 319
316 316
Unrestricted Total
funds funds
2019 2019
8000 8000
Loss on disposal oftangible fixed assets %1 tel

Unrestricted Restricted Total
funds funds funds
2020 2020 2020
6000 5000 f000
Teaching and education 11,016 11,016
Welfare 904 904
Establishment 3,476 3,476
Support costs 1,974 1,974
Finance costs 52 52
Governance costs 42 42
Prizes, awards, scholarships and financial assistance 2,214 472 2,686
Defined benefit pension scheme - administrative expenses
(note 18)
Total 2020 19,687 4T2 20,159
Unrsslricted Restricted Total
funds funds funds
2019 2019 2019
6000 8000 f000
Teaching and education 11,265 11,265
Welfare 1123 1,123
Establishment 3,230 3,230
Support costs 2,074 2,074
Finance costs 102 102
Governance costs 26 26
Prizes, awards, scholarships and financial assistance 1,229 454 5,683
Defined benefit pension scheme - administrative expenses
(note 18) 13 13
Total 2019 19,062 454 19,516

Total
Staff costs Depreciation Other costs funds
2020 2020 2020 2020
ROOO ROOO ROOO ROOO
Teaching
and education		 8,816 538 1,662 11,016
Welfare 151 753 904
Establishment 372 770 2,334 3,476
Support costs 902 1,072 1,974
Finance costs 52 52
Governance costs (see below) 42 42
Prizes, awards, scholarships and financial
assistance 2,686 2,686
Defined benefit pension scheme costs (note
18)
Total 2020 10,241 1,308 8,610 20,159
Total
Staffcosts Depreciation Other costs funds
2019 2019 2019 2019
R000 f000 ROOO ROOO
Teaching and education 8,546 511 2,208 11,265
Welfare 123 1,000 1123
Establishment 434 515 2,281 3,230
Support costs 873 1,201 2,074
Finance costs 102 102
Governance
costs (see below)		 26 26
Prizes, awards, scholarships and financial
assistance 1,683 1,683
Defined benefit pension scheme costs (note
18) 13 13
Total 20'l 9 9,976 1,026 8,514 19,516

2020 2059
8000 f000
Analysis ofgovernance costs
Governors'
expenses		 4
Trustee and Professional indemnity insurance 9 8
Audit, accountancy
and		 legal fees 29 52.
42 26

Auditors'
remuneration
2020 2059
F000 6000
Fees payable to the Charity's
Charity's
annual accounts		 auditor and its associates for the audit ofthe 12
Fees payable to the Charity's auditor and its associates in respect of:
Teachers' Pension audit

Staffcosts
Group Group, Charity Charity
2020 2059 2020 2059
8000 8000 FOOO 8000
Wages and salaries 7,989 8,087 7,989 8,087
Social security costs 792 823 792 823
Pension costs 1,460 1,066 1,460 5,066
10,241 9,976 10,241 9,978

Group Group
2020 2019
No, No,
Teaching staff 138 146 '
Support staff 114 fff
252 257
Group Group
2020 2019
No. No.
In the band 860,001 - 870,000 3 2
In the band f70,001 - 880,000 3 5
In the band 8120,001 - 8130,000 1

Short-term
leasehold
property,
Freehold Long4erm fhdures,
land and leasehold tittings and Motor, '
buildings property equipment vehicles Total
ROOO ROOO ROOO ROOO ROOO
Cost or valuation
At 1 September 2019 7,391 10,359 6,456 118 24,324
Additions 4 246 885 45 1,180
Disposals (32) (32)
At 31August 2020 7395 10,605 ?,309 163 25,472
Depreciation
At 1 September 2019 639 ' 2,409 3,983 72 7,103
Charge for the year 101 326 670 16 1,113
On disposals (19) (19)
Impairment charge 196 196
At 31August 2020 740 2,931 88 8,383
Nst book value
At 31August 2020 6,655 7,674 2,675 75 17,079
At 31August 2019 6,752 7,950 2,473 46 17,221

12. Investment property
Group
Freehold
investment
property
5000
Valuation
At 1 September 2019 575
At 31August 2020
Charity
Freehold
investment
property
5000
Valuation
At 1 September 2019 575
At 31August 2020 575

Listed
investments
Group and Charity f000
Cost orvaluation
At 1 September 2019 1,688
Additions 619
Dispoasis (608)
Revaluations (66)
At 31August 2020 1,633
Nst book value
At31August 2020 1,633
At 35August 2059 5,688
The majoriity ofinvestments were gifted,
The historic cost oflisted investments on 31August 2020was f1,272k (2019 —f1,268k).

Group Group Charity Charity
202D 2019 2020 2019
ROOD f000 ROOD f000
Due within one year
Fees receivable 316 54 316 54
Amounts
owed by group undertakings		 1 1
Other debtors 11 15 11 11
Prepayments and aocrued income 607 1,091 607 1,091
934 1,158 935, 1,157

Group Group Charity Charity
2020 2019 2020 2019
ROOD f000 f000 f000
Bank loans 194 194 194 194
Fees received in advance 2,082 2,035 2,082 2,035
Trade creditors 610 843 610 843
Other taxatlon and social security '200 202 200 202
Obligations
under finance lease and hire
purchase
contracts		 5 5
Other creditors 136 132 136 132
Accruals and deferred income 307 287 306 288
3,534 3,693 3,533 3,892

Creditors : Amounts
falling due within one y		 ear (continued)
Group Group Charity Chaiity
2020 2019 2020 2019
6000 ZOOO . FOOO 2000
.Group Group Charity Charily
2020 2019 2020 2019
'2000 OOOO '5000 5000
Deferred income at 1 September 2019 2,179 2,437 2,179 2,437
Resources deferred
during the year		 2,099 2,179 2,099 2,179
Amounts released from previous periods (2,179) (2,437) (2,1?9) (2,437)
Deferred income st 31August 2020 2,099 2 179 2,099 2,179
Group Group Charity Charity
2020 2019 2020 2019
5000 2000 2000 EOOO
Bankloans 1,145 1,303 1,145 '/,303
Net'obligations under financ lease and hire
purchase contracts 26 26
1,171 1,303 1,171 1,303

2020 2019
f000 f000
Group and Charity
Within ons year 7~6
Between 1-5years 29,327
Less:finance charges allocated to future periods (6,063)
30,752

The Group 's share ofthe assets In the scheme was:
At 31August AI31August
2020 2019
f000 9000
Cash and other liquid assets 85 9
Investment funds 446 492
Total fair value ofassets 531 501
The amounts
r		 ecognised
in		 the Consolidated
Sta		 tement
of Financial
Activities		 are as follows:
2020 2019
6000 f000
Interest income (10) (11)
Interest cost 19 22
Administrative expenses 2
Total amount recognised in the Consolidated Statement ofFinancial
Activities (note 6)
Moveme nts
in the present value ofthe defined
benefit obliga		 tion were as follows:
2020 2019
6000 6000
Opening defined benefit obligation 1,009 854
Interest cost 19 22
Actuarial (gains)/losses (T) 133
Benefits paid (46)
Closing defined benefit obligation 975 1,009

2020 2019
6000 6000
Opening fair value ofscheme assets 501 403
Expected
return		 on assets 10 11
Actuarial
(losses)/gains		 (18) 11
Contdibutions by employer 82 78
Benefits paid (46)
Expenses (2)
Closing fair value ofscheme assets 531 501

payments und er non-cancellable
operating lease		 s asfollows:
Group Group Charity Charity
2020 2019 2020 2019
6000 OOOO f000 EOOO
Not later than 1 year 526 516 526 516
Later than 1 year and not later than 5years 1,496 1,683 1,496 1,683
Later than 5years 728 939 728 939
2,750 3,138 2;750 3,138

Balance at 1 Balance at Balance at
September Transfers Gains/ 31August
2019 Income Expenditure In/out (Losses) 2020
f000 FOOO 6000 6000 6000 8000
Designated
funds
Development
fund 546 23 (8) 561
Covid-19
Response fund 375 375
546 398 (8) 936
General funds
General Funds-
all funds 13,925 20,721 (19,687) (296) (9) 14,654
Total
Unrestricted
funds 14,471 20,721 (19,687) 102 (17) . 15,590
Endowment
funds
Permanent
endowment 3,273 3273
Restricted
funds
Bursary funds 133 105 (103) 135
Other restricted
funds 791 434 (369) 856
Scholarship
funds 1,045 (102) (59) 933
1,969 588 (472) (102) (59) 1,924
Total offunds 19,713 21,309 (20,159) - (76) 20,787

Statement o ffun ds - prior year
Balance at Balance al
1September Transfers Gains/ 31August
'
2018 Income Expenditure in/out (Losses) 2019
8000 8000 8000 8000 f000 6000
Designated
funds
Development
fund		 535 11 546
General funds
General Funds-
all funds 13,129 20,021 (19,275) 98 (48) 13,925
Total
Unrestdcted
funds 13,664 20,021 (19,275) 98 (37) 14,471
Endowment
funds
Permanent
endowment 3,273 3,273
Restricted
funds
Bursary funds 151 104 (122) 133
Other restricted
funds 709 408 (326) 791
Scholarship
funds		 1,045 55 (6) (98) 49 1,045
1,905 567 (454) (98) 49 1,969
2 t
\ 11		 5 18,842 25,588 4111.128) — t2 18,tt3

Summa'ry offunds
Summary offunds - current year		 Summa'ry offunds
Summary offunds - current year
Balance at 1 Balance at
September Transfers Gains) 31August
2019 Income Expenditure in/out (Losses) 2020
6000 f000 6000 6000 6000 6000
Designated
funds 546 398 (8) 936
General funds 13,925 20,721 (19,687) (296) (9) 14,654
Endowment
funds 3273 3,273
Restricted funds 1,969 588 (472) (102) (59) 1,924
19,713 21,309 (20,159) (76) 20,787
Summary offunds - prior year
Balance at Balance sl
1September Transfers Gains/ 31August
2018 income Expenditure inrout (Losses) 2019
8000 8000 8000 8000 8000 5000
Designated
funds		 535 f'1 ' 545
General funds '13,i29 20,02'I (19,275) (48) 13,925
Endowment
funds 3,273 3,273
Restricted funds 1,905 567 (454) (98) 1,969
18,842 20,588 (19,729) 12 19,713

Analysis ofnet assets between funds - current period
Unrestricted Restricted Endowment Total
funds funds funds funds
2020 2020 2020 2020
6000 6000 6000 F000
Tangible fixed assets 14,688 2,390 17,0?8
Fixed asset investments 406 1,072 155 1,633
Investment
properly		 575 575
Current assets 5,070 852 728 6,650
Creditors due within one year (3,560) (3,560)
Creditors due in more than one year (1,145) (1,145)
Provisions for liabilities and charges (444) (444)
Total 15,590 1,924 3,273 20,787
Analysis
ofnet assets between funds -		 prior period
Unrestricted Res(ricted Endowment Total
funds funds funds funds
2019 2019 2019 2019
8000 OOOO OOOO f000
Tangible fixed assets 14,831 2,390 17,221
Fixed asset investments 586 947 155 1,688
Investment
property		 575 575
Current assets 3,983 1,022 728 5,733
Creditors due within one year (3,693) (3,693)
Creditors due in more than one year (1,303) (1,303)
Provisions for liabilities and charges (508) (508)
'Total 14,471 1,969 3,273 19,713

25. Reconciliation
of net mo		 vement in funds to net cash flow from operati ng
activities
Group Group
2020 2019
8000 5000
Net income for the period (as per Statement of Financial Activities) 1,083 994
Adjustments
for:
Dividends received (43) (48)
Rents received from investment properties (43) (49)
Interest receivable (5) (11)
Interest payable 19 56
Depreciation 1,113 1,026
Lossesi(gains)
on investments		 67 (134)
Loss on disposal offixed assets 3 5
Decrease in stock 2 22
Decrease In debtors 222 157
Decrease in creditors (164) (351)
Pension scheme non-cash movements (73) (65)
Impairment
oftangible fixed assets		 196
Net cash provided
by operating		 activities 2.377 1,602
26. Analysis ofcash and cash equivalents
Grou p Group
2020 2019
8000 8000
Cash at bank and in hand 5,680 4,538
Total cash and cash equivalents 5,680 4,538

At 1 At 31
September New finance August
2019 Cash flows leases 2020
f000 6000 EOOO 2000
Cash at bank and in hand 4,538 1,141 5,679
Debt due within 1 year (194) (194)
Debt due after 1 year (1,303) 156 (1,145)
Financelesses (31) (31)
3,041 1,299 (31) 4,309
Financial instruments
Group Group Charity Charity
2020 2019 2020 2019
6000 8000 6000 5000
Financial assets
Financial assets measured at fair value
through income and expenditure 1,633 'i,688 1,633 1,688