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|Contents|||||
|---|---|---|---|---|
|||||Page|
|Council ofTrustees,<br>Officers, Registered|||Office and Advisers||
|Annual<br>Report by the Council ofTrustees|||||
|Independent|Auditor's<br>report|||13|
|Consolidated|Statement<br>of Financial|Activities for the Year ended 31 August 2021||16|
|Consolidated|Statement of Financial|Activities for the Year ended 31 August 2020||18|
|Balance Sheets|||||
|Consolidated|Cash Flow Statement|||20|
|Notes to the|Financial<br>Statements|||21|





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|OFFICERS|(continued)|||||||||
|---|---|---|---|---|---|---|---|---|---|
|Preparatory|School:|||||||||
|The Head:||Mrs H M Grant|BEd (Hons) (appointed||||1 September 2020)|||
|Senior Deputy Head:||Mr R D Irwin BCs (Hons),||||PGCE (appointed||1 January|2021 - Acting Deputy|
|||Head from<br>1 September||||2020)||||
|Director of|Finance LOperations|||||||||
|and Company Secretary:||Mr T P Wood|BA||(Hons),|FCA||||
|Clerk to the Trustees:||Mr T P Wood|BA||(Hons),|FCA||||
|REGISTERED OFFICE:||Finance Department||||||||
|||Wycliffe College||(Incorporated)||||||
|||Regent Street||||||||
|||Stonehouse||||||||
|||Gloucestershire||||||||
|||GL10 2AD||||||||
|ADVISERS||||||||||
|Bankers||Lloyds Bank Commercial||||||||
|||Education<br>Support Team<br>3"Floor||||||||
|||Queen Square||||||||
|||Wolverhampton||||||||
|||WV1 1TF||||||||
|Solicitors||Harrison<br>Clark|Rickerbys|||||||
|||Ellenborough|House|||||||
|||Wellington<br>Street||||||||
|||Cheitenham||||||||
|||Gloucestershire||||||||
|||GL50 1YD||||||||
|Auditor||Hazlewoods||||||||
|||Staverton<br>Court||||||||
|||Staverton||||||||
|||Cheltenham||||||||
|||Glos||||||||
|||GL51 OUX||||||||
|Insurance|Brokers|Marsh Brokers Limited||||||||
|||Education<br>Practice, Capital House,||||||||
|||'I-5 Perrymount||Road||||||
|||Haywards<br>Heath||||||||
|||West Sussex||||||||
|||RH'I6 3SY||||||||
|Investment|managers|Paradigm<br>Norton|||Financial<br>Planning||Ltd|||
|||Paradigm<br>House||||||||
|||Macrae Road||||||||
|||Harn Green||||||||
|||Bristol||||||||
|||BS20ODD||||||||





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|that Wycliffe has upon the UK economy as|a whole an|d upon the local Stroud L|ocal Authority<br>District;|
|---|---|---|---|
||||Year to 31 Aug 2021|
|Total contribution<br>to UK GDP (direct, supply|chain and|indirect staff spending)|E2'l,9m|
|Of which: local impact|||f12.7m|
|Total jobs supported<br>(direct, supply chain and indirect||staff spending)|593|
|Total UK tax payments<br>(direct, supply chain|and indirect staff spending)||E6,8m|
|Savings for the UK taxpayer as a result ofattendance||at Wycliffe by pupils||
|entitled to a free UK state place|||E3.1m|





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|||Unrestricted|Restricted|Endowed|||
|---|---|---|---|---|---|---|
|||Funds|Funds|Funds|Total|Total|
|||2021|2021|2021|2021|2020|
||Note||||||
|INCOME FROM|||||||
|CHARITABLE ACTIVITIES|||||||
|School Fees|4|13,591,043|||13,59'I,043|13,856,524|
|Ancil!ary trading<br>income|5a|185,019|78,202||263,221|198,253|
|Government<br>grants|5c|210,532|||2'I0,532|503,784|
|Investment<br>income||11,170|6,551||17,721|23,313|
|Donations<br>and fundraising||15,4'I 6|143,115||'I58,531|74,968|
|Income from trading|||||||
|activities|||||||
|Other trading<br>income||45,595|||45,595|61,067|
|Other income|||||||
|Surplus/(Deficit)<br>on the sale|||||||
|offixed assets||2,833|||2,833|36,172|
|Total Income||14,061,608|227,868||'I4,289,476|14,754,081|
|Expenditure<br>on:|||||||
|Raising funds|||||||
|Fundraising<br>costs||24,423|||24,423|28,934|
|Financing costs||137,506|||137,506|68,550|
|Subsidiary<br>trading costs||||||2,352|
|Investment|||||||
|Management<br>costs||9,511|4,287||13,798|9,491|
|Charitable<br>activities|||||||
|Provision<br>of education||15,054,223|88,923|7'I4|15,143,860|15,553,408|
|Grant-making||7,800|5,150||12,950|35,988|
|Total expenditure||15,233,463|98,360|714|15,332,537|'I5,698,723|
|Net (expenditure)/income|||||||
|before gains, losses 8||(1,171,855)|129,508|(714)|('I,043,061)|(944,642)|
|transfers|||||||
|Net protit/(loss)<br>on<br>investment<br>assets||97,885|59,851|77,439|235,175|(24,078)|
|Net expenditure||(1,073,970)|189,359|76,725|(807,886)|(968,720)|
|Transfers<br>between<br>funds|||||||
|Net movement<br>in funds||(1,073,970|189,359|76,725|(807,886)|(968,720|





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|||||Unrestricted|Restricted|Endowed|||
|---|---|---|---|---|---|---|---|---|
||||Note|Funds|Funds|Funds|Total|Total|
|||||2021|2021f|2021|2021|2020|
|Reconciliation|offunds||||||||
|Total funds brought||forward|24|24,801,888|595,973|564,272|25,962,133|26,930,853|
|Net movement|in funds|||(1,073,970)|189,359|76,725|(807,886)|(968,720)|
|Total funds carried||forward|24|23,727,918|785,332|640,997|25, 'l54, 247|25,962,133|





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|||||Unrestricted|Restricted|Endowed||
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|Funds|Total|
|||||2020|2020|2020|2020|
|||||||K||
|INCOME FROM CWARITABLE||||||||
|ACTIVITIES||||||||
|School Fees||||13,856,524|||'!3,856,524|
|Ancillary<br>trading<br>income||||127,186|71,067||198,253|
|Government<br>grants||||503,784|||503,784|
|Investment<br>income||||'I3,460|8,823|'l,030|23,313|
|Donations<br>and fundraising||||30,256|44,712||74,968|
|income from trading|activities|||||||
|Other trading<br>income||||61,067|||61,067|
|Other income||||||||
|Surplus/(deficit)on<br>the|sale offixed||assets|36,172|||36,172|
|Total Income||||14,628,449|124,602|1,030|14,754,081|
|Expenditure<br>on:||||||||
|Raising funds||||||||
|Fundraising<br>costs||||28,934|||28,934|
|Financing costs||||68,550|||68,550|
|Subsidiary<br>trading costs||||2,352|||2,352|
|Investment<br>Management||costs||5,944|3,547||9,491|
|Charitable<br>activities||||||||
|Provision<br>of education||||15,480,658|72,750||15,553,408|
|Grant-making||||20,961|15,027||35,988|
|Total expenditure||||15,607,399|91,324||15,698,723|
|Net expenditure<br>before||investment|gains|(978,950)|33,278|1,030|(944,642)|
|Net loss on investment||assets||(10,144)|(6,055)|(7,879)|(24,078)|
|Net expenditure||||(989,094)|27,223|(6,849)|(968,720)|
|Transfers<br>between funds||||||||
|Net movement<br>in funds||||989,094|27,223|6,849|968,720|
|Total funds<br>brought forward||||25,790,982|568,750|571,121|26,930,853|
|Net movement<br>in funds||||989,094|27,223|6,849|968,720|
|Total funds carried forward||||24,801,888|595,973|564,272|25,962,133|





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||||||Consolidated|Consolidated|College|College|
|---|---|---|---|---|---|---|---|---|
|||||Notes|2021<br>E|2020<br>E|2021|2020f|
|FIXEDASSETS|||||||||
|Tangible assets|||||31,456,952|32,255,926|31,456,952|32,255,926|
|Investments|||||'l,913,138|1,501,974|2|2|
||||||33,370,090|33,757,900|31,456,954|32,255,928|
|CURRENT ASSETS|||||||||
|Stock|||||4,584|13,494|1,887|9,790|
|Debtors||||15|3,034,750|3,379,932|3,062,111|3,386,947|
|Cash at bank and|in||hand|16|411,798|363,445|307,382|251,678|
||||||3,451,132|3,756,871|3,371,380|3,648,415|
|Creditors: Amounts|||falling||||||
|due within one year|||||9,710,486)|9,520,234)|(9,679,900|(9,487,766)|
|NET CURRENT|||||(6,259,354)|(5,763,363)|(6,308,520)|(5,839,351)|
|(ILIABILITIES)|||||||||
|TOTAL ASSETS|LESS||||||||
|CURRENT LIABILITIES|||||27,110,736|27,994,537|25,148,434|26,416,577|
|Creditors: amounts||falling due|||||||
|after more than one||year||'I8|1,956,490)|2,032,404)|||
|TOTAL NET ASSETS||||23|25,154,247|25,962,133|23,191,944|24,384,173|
|Funds|||||||||
|Unrestricted<br>funds|||||||||
|Revaluation<br>reserve||||24|3,217,110|3,178,240|3,217,110|3,178,240|
|General||||24|20,510,808|21,623,648|19,756,708|20,976,572|
||||||23,727,918|24,801,888|22,973,818|24 154812|
|Restricted funds||||24|785,332|595,973|166,156|176,677|
|Endowed funds||||24|640,997|564,272|51,970|52,684|
|TOTAL FUNDS|||||25,154,247|25,962, 'I 33|23,191,944|24,384,173|





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||||||2021|2020|
|---|---|---|---|---|---|---|
|||||Notes|E||
|CASH FLOWS FROM OPERATING ACTIVITIES|||||||
|Net cash used<br>in operating<br>activities||||25|395,543|(1,123,044)|
|Cash flows from investing<br>activities|||||||
|Interest received|||||567|1,015|
|Dividends<br>received|||||17,154|21,268|
|Payments<br>to acquire investments|||||(255,268)|(475,189)|
|Receipts from disposal of investments|||||75,09<br>I|485,585|
|Payments<br>to acquire tangible<br>fixed assets|||||(182,413)|(821,887)|
|Receipts from disposal oftangible<br>fixed assets|||||6,700|36,172|
|Cash flows used in investing<br>activities|||||(338,'I 69)|(753,036|
|Cash flow from financing<br>activities|||||||
|Net increase/(decrease)<br>in advance fees <br>Net increase/(decrease)<br>in hire purchase||scheme money<br>loans|||238,797<br>(1,878)|(901,152)<br>302,434|
|Net increase/(decrease)<br>in bank loan|||||750,001|1,749,999|
|Net increase/(decrease)<br>in CBIL|||||(1,000,000)||
|Net cash inflow from financing|||||(13,080)|1,151,281|
|Increase<br>in cash and cash equivalents|during||the year||44,294|(724,799)|
|Cash and cash equivalents<br>at the start|of|the year|||414,072|1,138,871|
|Total cash and cash equivalents<br>at the||end|ofthe year||458,366|414,072|
|Cash and cash equivalents<br>at the end||ofyear comprise:|||||
|Cash at bank and<br>in hand||||16|411,798|363,445|
|Cash on deposit||||14|46,568|50,627|
||||||458,366|414,072|





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|||||Total|Total|
|---|---|---|---|---|---|
|||||2021|2020|
||||||E|
|Fees|receivable|consist|of;|||
|Gross|fees|||I5,571,570|15,423,283|
|Less:|Total scholarships||and bursaries|(1,980,526)|( I,566,759)|
|||||13,591,043|13,856,524|



||School fees receivable<br>off13,591,043(2020 - 813,8|School fees receivable<br>off13,591,043(2020 - 813,8|School fees receivable<br>off13,591,043(2020 - 813,8|56,524) related to unrestricted<br>funds.||
|---|---|---|---|---|---|
|5.|Other income|||||
|||||Total|Total|
|||||2021|2020|
||||||E|
||a) Ancillary|income||||
||Other ancillary||income|165,'!81|45,723|
||Registration|and entrance fees||25,400|21,389|
||Commissions||and other income||15,817|
||School coffee||shop|14,'I40|44,257|
||The Wycliffian||Society|58,500|71,067|
|||||263,22'I|198,253|





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|c) Government|c) Government|grants|||||
|---|---|---|---|---|---|---|
|Government|turlough||scheme||210,532|503,784|
|Government||grants were unrestricted||in the current and prior year.|||



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||Unrestricted|Restricted|Endowed||
|---|---|---|---|---|
||Funds|Funds|funds|Total|
||2021|2021|2021|2021|
||F||||
|Bank and other interest|||||
|Dividends|10,645|6,509||17,'l 54|
||10,645|6,509||17,154|
||Unrestricted|Restricted|Endowed||
||Funds|Funds|funds|Total|
||2020|2020|2020|2020|
||||F||
|Bank and other interest|142|873|1,030|2,045|
|Dividends|13,318|7,950||21,268|
||13,460|8,823|1,030|23,313|



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|Net incoming resourc|es for the year|||
|---|---|---|---|
|||2021|2020|
|Net income tor the year|is stated after:|||
|Charitable<br>expenditure|includes:|||
|Depreciation||977,520|946,022|
|Profit/(loss)<br>on disposal|offixed assets|2,833|36,712|
|Auditors<br>remuneration:||||
|-for audit services||26,538|24,396|
|- for non audit services||3,487|10,680|
|||1 010378|1 018810|





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|Expenditu|re<br>on raising|funds||||||
|---|---|---|---|---|---|---|---|
||||Staff|Other|Depreciation||Total|
|||||F||F|2021|
||||||||E|
|Fundraising|costs||24,423|8,830|||33,253|
|Financing|costs (see note|10)||72,248|||72,248|
|Fundraising|trading costs|||1,043|||1,043|
|Investment|management|costs||11,298|||11,298|
||||24,423|93,419|||117,842|



|restricted|and 6168,940|(2020 - &|05,780 was un|restricted<br>fund|s.||
|---|---|---|---|---|---|---|
||||Staff|Other|Depreciationf|Total<br>2020|
|Fundraising|costs||25,000|3,934||28,934|
|Financing|costs (see note|10)||68,550||68,550|
|Fundraising|trading costs|||2,352||2,352|
|Investment|management|costs||9,491||9,491|
||||25,000|84,327||109,327|





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|Expenditure|on charitable<br>a|ctivities||||
|---|---|---|---|---|---|
|||Staff|Other|Depreciation|Total|
||||F|E|2021|
|Provision ofeducation||||||
|Teaching||6,470,549|482,207||6,952,757|
|Welfare||1,817,175|'I,342,935||3,160,110|
|Premises||372,377|1,298,393|977,520|2,648,290|
|Letting costs||||||
|Support costs|and governance|1,107,916|1,107,916||2,366,486|
|Grants, awards|and prizes||1,80'I||1,801|
|||9,768,017|4,383,906|977,520|15,129,443|
|Grant making|||12,950||12,950|
|Total charitable|expenditure|9,768,017|4,396,856|977,520|15,142,393|



|||Staff|Other|Depreciation|Total|
|---|---|---|---|---|---|
||||||2020|
|Provision ofeducation||||||
|Teaching||7,800,361|825,781||8,626,142|
|Welfare||779,657|1,I09,677||1,889,334|
|Premises||371,732|1,458,571|946,022|2,776,325|
|Letting costs|||5,82 I||5,821|
|Support costs|and governance|1,045,083|1,207,133||2,252,216|
|Grants, awards|and prizes||3,570||3,570|
|||9,996,833|4,610,553|946,022|'I5,553,408|
|Grant making|||35,988||35,988|
|Total charitable|expenditure|9,996,833|4,646,541|946,022|15,589,396|





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|||||2021|2020f|
|---|---|---|---|---|---|
|Auditors|remuneration:|||||
|-for audit|services|||26,538|24,396|
|—for non-audit||services||3,487|10,480|
|Reimbursement||ofexpenses|to trustees|959|56'I|
|||||30,984|35,637|



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|Travel, accommodation,<br>training<br>and subsistence<br>expenses<br>ive (three<br>in 2020) Members<br>ofthe Council.<br>Financing costs|of6959 (2020:f56'I) were reimburse|d<br>to|
|---|---|---|
||2021f|2020|
|Bank loan|48,819|3,018|
|Fees scheme|23,429|27,052|
|Bank charges|21,127|1,030|
|Finance lease|17,572|8,892|
|Bad debts and bad debts provision|26,558|1,558|
||137,506|41,550|



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|Finance costs <br>Staff costs|were unrestricted<br>in the current<br>and prior year,|||
|---|---|---|---|
|||2021f|2020<br>F|
|The aggregate|payroll costs for the year were as follows:|||
|Wages and salaries||7,828,104|8,043,496|
|Social security|costs|709,760|691,393|
|Superannuation|and other pension costs|1,230, 'I 53|1,286,944|
|||9,768,017|10,021,833|





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||||Group|Group|
|---|---|---|---|---|
||||2021|2020|
|Teaching staff|||217|214|
|Others|||121|136|
||||338|350|
|The number of employees|whose emoluments|exceed f60,000 were:|||
||||2021|2020|
||||Number|Number|
|260,001 - f70,000|||||
|270,001 - F80,000|||||
|F80,001 - 890,000|||||
|f90,001 - 6100,000|||||
|R'I00,001 - R1'f0,000|||||
|f150,001 - 2160,000|||||
|2160,001 —2 'l 70,000|||||



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|13. Tangible|fixed asse|ts —Group|||||||
|---|---|---|---|---|---|---|---|---|
|||||||Motor|||
|||Freehold|Assets|Furniture||Vehicles|||
|||land and|Under|And||and|Computer||
|||Buildings|construction|Fittings|Equipment|Boats|Software|Total|
|||6||6|8|8||8|
|Cost or deemed|cost'||||||||
|At 1 September|2020|36,730,140|134,947|1,035,969|3,182,184|572,118|18,066|41,673,423|
|Additions<br>during|the year||2,500|53,706|116,557|6,350|3,300|182,413|
|Disposals<br>during|the year|||||(8,GOO)||(8,0GO)|
|At 31 August 2021||36,730,140|137,453|1,089,674|3,298,735|570,468|21,364|41,847,837|
|Depreciation|||||||||
|At 31 August 2020||5,967,724||323,479|2,815,758|298,936|11,601|9,417,498|
|Provided<br>during|year|574,066||158,367|163,731|79,316|2,040|977,520|
|On dlsposals||||||(4,133)||(4,133)|
|At 31 August 2021||6,541,790||481,846|2,979,489|374,119|13,641|10,390,885|
|Net book value|||||||||
|At 31 August 2021||30,188,350|137,423|607,829|319,255|196,349|7,725|31,456,952|
|At 31 August 2020||30,762,416|134,947|712,490|366,426|273,182|6,465|32,255,926|





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|||||||Motor|||
|---|---|---|---|---|---|---|---|---|
|||Free hald|Assets|Furniture||Vehictes|||
|||land and|Under|And||and|Computer||
|||Buildings|construction|Fittings|Equipment|Boats|Software|Total|
|||||K|||||
|Cast or deemed|cost*||||||||
|At 1 September|2020|36,730,140|134,947|1,035,969|3,182,184|572,118|18,066|41,673,423|
|Additions<br>during|the year||2,500|53,706|116,557|6,350|3,300|182,413|
|Disposals<br>during|the year|||||(8,000)||(8,000)|
|At 31 August 2021||36,730,140|137,453|1,089,674|3,298,735|570,468|21,364|41,847,837|
|Depreciation|||||||||
|At 31 August 2020||5,967,724||323,479|2,815,758|298,936|11,601|9,4'I 7,498|
|Provided<br>during|year|574,066||158,367|163,731|79,3'I 6|2,040|977,520|
|On disposals||||||(4,133)||(4,133)|
|At 31 August 2021||6,541,790||481,846|2,979,489|374,119|13,641|'!0,390,885|
|Net book value|||||||||
|At 31 August 2021||30,188,350|137,423|607,829|319,255|196,349|7,725|31,456,952|
|At 31 August 2020||30,762,416|134,947|712,490|366,426|273,182|6,465|32,255,926|





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|Investments||||
|---|---|---|---|
|Investments|—Group|||
|Listed investments||2021|2020|
||||E|
|Market value|at 1 September 2021|1,451,347|1,485,821|
|Additions||255,268|475,189|
|Disposals||(75,091)|(485,585)|
|RealIsed gains|||10,492|
|Revaluations||235,048|(34,570)|
|Market value|at 31 August 2021|1,866,572|1,45'i, 347|
|Cash on deposit||46,568|50,627|
|At 31 August|2021|'l,913,140|1,501,974|



|Investments|-|College|
|---|---|---|
|Investments|in|subsidiaries|



## 

|summary<br>ofthe|trading<br>results<br>and financial<br>performance<br>o|fthe subsidiary<br>alone is:||
|---|---|---|---|
|||2021|2020|
|Turnover||45,136|49,605|
|Cost ofsales|||(2,539)|
|Gross profit||45,136|47,066|
|Administrative<br>expenses||(4,401)|(5,126)|
|Operating<br>profit||40,735|41,940|
|Interest payable|and expenses|||
|Profit for the year||40,735|41,940|
|Donation<br>made|to College|(40,735)|(41,939)|
|Retained<br>profit|for the year|||





## 

## 

## 

||||||2021|2020|
|---|---|---|---|---|---|---|
|||||||f|
|Income|||||175,538|35,938|
|Expenditure|||||(26,748)|(45,479)|
|Net (expenditure)/income||before|investment|gains|148,790|(9,541)|
|Net (losses)/gains|on investment||assets||235,175|(24,079)|
|Net (expenditure)/income||for the|year||||
||||||383,965|(33,620)|



## 

||Group<br>2021|Group<br>2020|College<br>2021|College<br>2020|
|---|---|---|---|---|
|School fees|2,794,886|3,022,521|2,794,886|3,022,521|
|Other debtors|6,494|150,273|33,854|157,288|
|Prepayments|233,371|207,138|233,371|207,138|
||3,034,750|3,379,932|3,062,111|3,386,947|
|Cash at bank and in hand|||||
||Group<br>2021|Group<br>2020|College<br>2021|College<br>2020|
|Cash at bank|411,798|363,445|307,150|251,678|



## 



## 

## 

|||Group<br>2021|Group<br>2020|College<br>2021|College<br>2020|
|---|---|---|---|---|---|
|Bank loan||1,500,000|1,749,999|1,500,000|1,749,999|
|Trade creditors||179,296|236,303|179,296|236,304|
|Social security|and other taxes|203,412|186,691|202,328|186,625|
|Amount<br>due to|subsidiary|||||
|company||||||
|Other creditors||283,868|'I02,185|259,227|78,185|
|Outstanding<br>pension||||||
|contributions||'I2,993|14,049|12,993|14,049|
|Fees deposits||1,295,652|1,411,170|1,295,652|1,411,170|
|Accruals||480,563|473,892|475,062|465,489|
|I-lire purchase||110,673|92,39'I|111,313|92,391|
|Advance fees scheme||1,196,630|902,078|1,196,630|902,078|
|Fees received|in advance|4,447,399|4,351,476|4,447,399|4,351,476|
|||9,710,486|9,520,234|9,679,900|9,487,766|



|||Group<br>2021|Group<br>2020|College<br>2021|College<br>2020|
|---|---|---|---|---|---|
|Bank loan (note 20)||1,000,000|1,000,000|1,000,000|1,000,000|
|Advance fees|scheme (note 19)|595,958|651,713|595,958|65'l,713|
|Hire purchase|(note 21)|360,532|380,691|360,532|380,691|
|||1,956,490|2,032,404|1,956,490|2,032,404|



## 

|school,|a|dvance fees will be ap|plied as follows:||||
|---|---|---|---|---|---|---|
||||Group<br>2021|Group<br>2020|College<br>2021|College<br>2020|
|Within|2|to 5 years|231,328|347,849|3'I0,663|347,849|
|Within|1|to 2 years|285,295|303,864|285,295|303,864|
|Greater||than 5 years|79,335|651,7'I 3|595,958|651,713|
|Within|1|year|1,196,630|902,078|1,196,630|902,078|
||||1,792,588|1,553,791|1,792,588|1,553,79'I|





## 

## 

## 

|||||Group<br>2021<br>E|Group<br>2020|College<br>2021|College<br>2020|
|---|---|---|---|---|---|---|---|
||Balance at 1 September 2020|||1,553,791|2,454,944|1,553,791|2,454,944|
||New contracts|||1,394,41 1|837,630|1,394,411|837,630|
||Amounts<br>accrued to contracts||as|||||
||debt-financing|costs||28,797|55,667|28,797|55,667|
|||||2,976,998|3,348,241|2,976,998|3,348,24'I|
||Amounts<br>utilised<br>in payments||of|||||
||fees|||(1,184,410)|(1,794,450)|(1,184,410)|(1,794,450)|
||Balance at 31|August 2021||I,792,588|I,553,79'I|1,792,587|1,553,79'I|
|20.|Bank<br>Ioan|||||||
|||||Group<br>2021<br>K|Group<br>2020|College<br>2021|College<br>2020|
||Due in one year|||1,500,000|'I,749,999|1,500,000|1,749,999|
||Due in between|2 and 5 years||1,000,000|1,000,000|1,000,000|1,000,000|
||Oue in more than 5 years|||||||





## 

## 

||||||||Group<br>2021f|Group<br>2020|College<br>2021|College<br>2020|
|---|---|---|---|---|---|---|---|---|---|---|
||More|than 5 years|||||164,044|181,227|164,044|18'I,227|
||Within|2|to 5years||||91,728|101,227|91,728|101,566|
||Within|1|to 2 years||||104,760|97,898|'I04,760|97,898|
||||||||360,532|380,691|360,532|380,691|
||Within|1|year||||110,673|92,391|111,313|92,39'I|
||||||||471,204|473,082|471,844|473,082|
|22.|Financial||instruments||||||||
||||||||||Group|Group|
||||||||||2021|2020|
||Financial||assets measured||at fair value||||1,866,572|1,451,347|
||Included||within<br>financial|instruments||held|at fair value is investments,||||



## 

|2021 Group||Unrest|ricted<br>funds||||
|---|---|---|---|---|---|---|
|||Revaluation<br>Reserve|General|Restricted<br>Funds|Endowed<br>Funds|Totalf|
|Tangible fixed assets||3,217,110|28,239,842|||31,456,952|
|Investments|||704,937|619,176|589,027|1,913,140|
|Net current|liabilities||(6,477,482)|166,156|51,970|(6,259,356)|
|Long term!iabilities|||(1,956,489)|||(1,956,489)|
|||3,217,110|20,510,808|785,332|640,997|25,154,247|





## 

## 

|Analysis of net assets|Analysis of net assets|between funds (continued)|between funds (continued)||||
|---|---|---|---|---|---|---|
|2021 College||Unrestricted<br>funds|||||
|||Revaluation<br>Reserve|General|Restricted<br>Funds|Endowed<br>Funds|Total|
||||E||||
|Tangible fixed assets||3,217,110|28,239,842|||31,456,952|
|Investments|||2|||2|
|Net current|liabilities||(6,526,647)|166,156|51,970|(6,308,521)|
|Long term liabilities|||(1,956,489)|||(1,956,489)|
|||3,217,110|19,756,708|166,156|51,970|23,197,472|
|2020 Group||Unrestricted<br>funds|||||
|||Revaluation<br>Reserve|Generalf|Restricted<br>Funds<br>E|Endowed<br>Funds|Total|
|Tangible<br>fixed assets||3,178,240|29,077,686|||32,255,926|
|Investments|||571,090|419,296|511,588|1,501,974|
|Net current|liabilities||(5,992,724)|176,677|52,684|(5,763,363)|
|Long term liabilities|||(2,032,404)|||(2,032,404)|
|||3,178,240|21,623,648|595,973|564,272|25,962,133|
|2020 College|||||||
||||Unrestricted<br>funds||||
|||Revaluation<br>Reserve|General|Restricted<br>Funds|Endowed<br>Funds|Total|
|Tangible fixed assets||3,178,240|20,077,686|||32,255,926|
|Investments|||2|||2|
|Net current|liabilities||(7,059,253)|176,677|52,684|(6,829,892)|
|Long term liabilities|||(1,032,404)|||(1,032,404)|
|||3,178,240|20,986,031|176,677|52,684|24,393,632|





## 

## 

## 

|4. Funds analysis —G|roup current year||||||
|---|---|---|---|---|---|---|
|||||Gains/|||
||At 1|||(losses)|||
||September<br>2020|income|Expenditure|And<br>Transfers|August|At 3'l<br>202'I|
|Unrestricted<br>funds|||||||
|Revaluation<br>reserve|3,178,240|||38,870|3,217,110||
|Genera<br>I funds|21,623,648|14,061,608|(15,233,463)|59,015|20,510,808||
||24,801,8SS|14,06'l, 608|15,233,463|97,885|23,727,918||
|Restricted funds|||||||
|The Wycliffian Society|144,052|58,700|(51,211)||151,541||
|Expendable<br>grants|32,625|19,702|(37,712)|||14,615|
|Genera! Endowment|3,619|70|(38)|547||4,198|
|Loosley Endowment|43,467|716|(471)|6,580||50,292|
|Pearson<br>Bursary|2,945|48|('I,382)|446||2,057|
|Ward's Scholarship|55,449|913|(2,101)|8,393||62,654|
|J H Edwards<br>Bequest|17,501|288|(190)|2,649||20,248|
|Sibly Scholarship|19,451|320|(211)|2,944||22,504|
|Wilson Scholarship|12,420|204|('I35)|1,880||14,369|
|Selwyn Bursary|72,490|1,193|(2,286)|10,973||82,370|
|Bursaries<br>Fund|93,030|4,531|(1,009)|14,082|110,634||
|Burnet Ward Bursary|68,592|1,189|(744)|10,373||79,420|
|Educational<br>Grants|1,101|18|(12)|167||1,274|
|Honours<br>Boards|978|16|(11)|148||1,131|
|Prep School Sports|23,900|34||||23,934|
|Miscellaneous<br>funds|2,793|46|(30)|423||3,232|
|Hardship<br>fund|1,560|590|(817)|236||1,569|
|Nowark<br>Family Fund||100,000|||100,000||
|Keith Paget Fund||39,290||||39,290|
||595,973|227,868|(98,360|59,851|785,332||
|Endowment<br>funds|||||||
|Bequests and Prize|||||||
|Funds|52,684||(714)|||51,970|
|General<br>Endowment|48,066|||7,276||55,342|
|Loosley Endowment|199,320|||30,171|229,491||
|Pearson<br>Bursary|81,361|||12,316||93,677|
|Ward's Scholarship|72,889|||11,033||83,922|
|J H Edwards Bequest|38,531|||5,832||44,363|
|Sibly Scholarship|49,245|||7,454||56,699|
|Wilson Scholarship|22,176|||3,357||25,533|
||564,272||(714)|77,439|640,997||
|Total funds|25,962,133||||||





## 

## 

|||||||Gains/||
|---|---|---|---|---|---|---|---|
||||At 1|||(losses)||
||||September|||And|At 31|
|Unrestricted||funds|2020|income|Expenditure|Transfers|August 2021|
|Revaluation|reserve||3,178,240|||38,870|3,217,110|
|General funds|||20,976,572|14,043,706|('I5,224,700)|(38,870)|19,756,708|
||||24,154,8'l 2|14,043,706|(15,224,700)||22,973,818|
|Restricted|funds|||||||
|The Wycliffian||Society|144,052|58,700|(51,211)||151,541|
|Expendable|grants||32,625|19,702|(37,712)||14,615|
||||I76,677|78,405|(88,923)||166,156|
|Endowment||funds||||||
|Bequests and||Prize||||||
|Funds|||52,684||(714)||51,970|
||||52,684||||51,970|
|Total funds|||24,384,173||||23,19'l,944|





## 

## 

|||||Gains/||
|---|---|---|---|---|---|
||At 1|||(losses)||
||September|||And|At 31|
||2019|income|Expenditure|Transfers|August 2020|
|Unrestricted<br>funds||||||
|Revaluation<br>reserve|3,217,110|||(38,870)|3,178,240|
|General funds|22,573,872|14,628,449|(15,607,399)|28,726|21,623,648|
||25,790,982|'I4,628,449|(15,607,399|(10,144)|24,801,888|
|Restricted funds||||||
|The Wycliffian<br>Society|133,737|71,608|(6'i,293)||144,052|
|Expendable<br>grants|12,190|31,892|(11,457)||32,625|
|General<br>Endowment|3,632|72|(30)|(55)|3,619|
|Loosley Endowment|43,648|869|(388)|(662)|43,467|
|Pearson<br>Bursary|4,159|83|(1,234)|(63)|2,945|
|Ward's Scholarship|57,185|1,139|(2,008)|(867)|55,449|
|J H Edwards<br>Bequest|17,574|350|(156)|(267)|17,501|
|Sibly Scholarship|19,532|389|(174)|(296)|19,451|
|Wilson Scholarship|12,472|248|(11'I)|(189)|12,420|
|Selwyn Bursary|74,127|1,476|(1,989)|(1,124)|72,490|
|Bursades<br>Fund|93,417|1,860|(830)|(1,417)|93,030|
|Burnet Ward Bursary|68,717|1,528|(611)|('I,042)|68,592|
|Educational<br>Grants|1,106|22|(10)|(17)|1,101|
|Honours<br>Boards|881|118|(8)|(13)|978|
|Prep School Sports|23,568|332|||23,900|
|Pavilion||||||
|Miscellaneous<br>funds|2,805|56|(25)|(43)|2,793|
|Hardship<br>fund||12,560|(11,000)||1,560|
||568,750|124,602|(91,324)|(6,055)|595,973|
|Endowment<br>funds||||||
|Bequests and Prize||||||
|Funds|51,654|'I,030|||52,684|
|Genera! Endowment|48,806|||(740)|48,066|
|Loosley Endowment|202,390|||(3,070)|199,320|
|Pearson<br>Bursary|82,614|||(1,253)|81,361|
|Ward's Scholarship|74,012|||(1,123)|72,889|
|J H Edwards<br>Bequest|39,124|||(593)|38,531|
|Sibly Scholarship|50,003|||(758)|49,245|
|Wilson Scholarship|22,518|||(342)|22,176|
||571,121|1,030||(7,879)|564,272|
|Total funds|26,930,853|14,754,081|15,698,723|(24,078)|25,962,133|





## 

## 

|||||||||||||||Gains/||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||At 1|||||||||(losses)||
|||||September||||||||||And|At 31|
||||||2019||||Income||Expenditure|||Transfers|August 2020|
|Unrestricted<br>funds||||||||||||||||
|Revaluation<br>reserve||||3,217,110||||||||||(38,870)|3,178,240|
|General funds||||21,914,693||||'I4,|564,008||(15,540,999)|||38,870|20,976,572|
|||||25,131,803||||14,554,008|||(15,540,999)||||24,154,812|
|Restricted funds||||||||||||||||
|The Wycliffian<br>Society|||||'I33,737|||||71,608||(61,293)|||144,052|
|Expendable<br>grants|||||12,190|||||31,892||(11,457)|||32,625|
|Other funds|||||(10,109)|||||||||'I0,109||
||||||135,818||||113,609|||(72,750)|||176,677|
|Endowment<br>funds||||||||||||||||
|Bequests and Prize||||||||||||||||
|Funds|||||5'l,654|||||1,030|||||52,684|
||||||51,654|||||1,030|||||52,684|
|Total funds||||25,319,275|||14,678,647|||||15,613,749)|||24,384,173|
|5. Reconciliation|of net|||expenditure||to|net|cash inflow from||||operating|activities|||
|||||||||||||||Group|Group|
|||||||||||||||2021|2020|
|Net expenditure<br>for||the|reporting<br>period||||(as|per||the Statement||of Financia!||||
|Activities)||||||||||||||(807,886)|(968,720)|
|Depreciation<br>charge||||||||||||||977,520|946,022|
|Gains on disposal oftangible|||||assets|||||||||(2,833)|(36,172)|
|Realised (gains)/losses|||on|disposal of investments|||||||||||(10,492)|
|Unrealised<br>losses/(gains)|||on investments|||||||||||(235,048)|34,570|
|interest received||||||||||||||(567)|(1,015)|
|Dividends<br>received||||||||||||||(17,154)|(21,268)|
|Increase<br>in stocks||||||||||||||8,910|(3,091)|
|(Increase)/decrease||in debtors|||and prepayments|||||||||345,184|137,835|
|Increase/(decrease)||in creditors||||||||||||127,417|(1,200,713)|
|Net cash used<br>in operating||||activities||||||||||395,543|1,123,044|





## 

## 

## 

|Analysis o|f net debt|||||
|---|---|---|---|---|---|
|||At<br>1 September<br>2020|Cash flows|Non-cash<br>Flows|At<br>31 August<br>2021f|
|Cash<br>in hand||363,445|48,353||411,798|
|Deposit||50,627|(4,059)||46,568|
|||414,072|44,294||458,366|
|Creditors|due in one year:|||||
|HP liabilities||(92,391)|1,877|(20,159)|(110,673)|
|Bank loan||||(1,500,000)|(1,500,000)|
|Advance fee scheme||(902,078)|(238,797)|(55,755)|(1,196,630)|
|Creditors|due in more than one|||||
|year.||||||
|HP liabilities||(380,691)||20,159|(360,532)|
|Bank loan||(2,749,999J|249,999|1,500,000|(1,000,000)|
|Advance fee scheme||(651,7'I 3)||55,755|(595,958)|
|Net debt||||||
|||(4,362,801)|57,373||(4,305,427)|



## 

|||||Group<br>2021|Group<br>2020|Coliege<br>2021|College<br>2020|
|---|---|---|---|---|---|---|---|
||||||||E|
|Not later than one year||||18,127|21,494|18,127|21,494|
|Later than<br>one|year|and|not|||||
|than five years||||3,163|2,91'l|3,'I 63|2,91'i|
|Later than 5years||||||||
|||||2'i,290|24,405|21,290|24,405|





## 

## 

## 

## 



## 

##