| Pages | |||
|---|---|---|---|
| Reference and administrative | details ofthe charity, its trustees and advisers | 3-4 | |
| Trustees' report | 5-16 | ||
| independent auditor's |
report | 17-21 | |
| Statement offinancial | activities | 22 | |
| Balance sheet | 23 | ||
| Statement ofcash flows | 24 | ||
| Notes tothe financial | statements | 25-42 |
| Urlr'estrlcted | Restricted | Endowment | Total | Total | |||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | |||
| 2021 | 2021 | 2021 | 2021 | 2020 | |||
| Note | E000 | 6000 | E000 | 6000 | 6000 | ||
| Income from: | |||||||
| Donations and legacies |
30 | 65 | 95 | 72 | |||
| Charitable activities: | |||||||
| School fees | 7,238 | 7,238 | 7,176 | ||||
| Other educational | income | 574 | 574 | 604 | |||
| Non-ancglary activities |
10 | 10 | 77 | ||||
| Investments | 2 | 6 | 17 | ||||
| Otherincome | 53 | 53 | 272 | ||||
| Total Income | 7,907 | 69 | 7,976 | 8418 | |||
| Expenditure on: | |||||||
| Raising funds | 59 | 59 | 85 | ||||
| Charitable actWIties: |
|||||||
| School operating costs | 7,513 | 7,513 | 7,635 | ||||
| Grant making | 7 | 66 | 73 | 256 | |||
| Total expenditure | 7,579 | 66 | 7,645 | 7,976 | |||
| Net income before investment | |||||||
| (losses) and transfers | 331 | 242 | |||||
| Net (losses) on investments | 13 | 14 | 12 | 5 | 31 | (28) | |
| Net income | 15 | 5 | $62 | 214 | |||
| Transfers | 25 | (25) | |||||
| Net movwnent Infunds |
$67 | (10) | 5 | 362 | 214 | ||
| Recondgatlon offunds: |
|||||||
| Total funds brought forward | 6,104 | 317 | 19 | 6,440 | 6,226 | ||
| Total funds carried forward | 6,471 | $07 | 24 | 6W2 | 6440 |
| 2021 | 2020 | ||
|---|---|---|---|
| EOOD | EOOD | ||
| Reconciliation ofnet movement in funds to |
|||
| net | cash flow from operating activities |
||
| Net | movement in funds |
362 | 214 |
| Adjustment for: |
|||
| Depreciation and amortisation charges |
301 | 267 | |
| Losses on disposal offixed assets | 58 | ||
| (Gains)/losses on investments |
(31) | 28 | |
| Dividends and interest from investments |
(6) | (17) | |
| Decrease/(Increase)in stocks |
12 | (18) | |
| (Increase)/Decrease in debtors |
(85) | 146 | |
| Increase/(Decrease) in creditors |
268 | (200) | |
| Net | cash provided by operating activities |
879 | 420 |
| CASH FLOW STATEMENT | |||
| Net | cash provided by operating activities |
879 | 420 |
| Cash flows from investing activities | |||
| Dividend and interest from investments |
6 | 17 | |
| Purchase oftangible fixed assets | (753) | (2,291) | |
| Net | cash used in investing activities |
(747) | (2,274) |
| Change in cash and cash equivalents in the |
|||
| year | 132 | (1,854) | |
| Cash | and cash equivalents brought forward |
2,918 | 4,772 |
| Cash | and cash equivalents carried forward |
3,050 | 2,918 |
| . School fees |
||||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| EOOO | EOOO | |||||
| The School's fee income | comprised | |||||
| Gross fees | 8,012 | 7,761 | ||||
| Less:Total scholarships, | bursaries | and discounts | (836) | (829) | ||
| 7,176 | 6,932 | |||||
| Add back: Scholarships, | bursaries | and other awards | paid for by restricted | funds | 62 | 244 |
| Total income | 7,238 | 7,176 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| EOOO | EOOO | ||||||
| French | and English | Curriculum | Programme | 313 | 296 | ||
| School | trips | 1 | 130 | ||||
| School | productions | 6 | |||||
| Other ancillary income | 260 | 172 | |||||
| 574 | 604 | ||||||
| 5. | Non-ancillary | activities | |||||
| 2021 | 2020 | ||||||
| EOOO | EOOO | ||||||
| Lettings | to other educational | organisations | and swimming | clubs | 10 | 77 | |
| 10 | 77 |
| 10 | 77 | ||||||
|---|---|---|---|---|---|---|---|
| 6. Investment |
income | ||||||
| Unrestricted | Restricted | Endowment | Total | Total | |||
| funds 2021 | funds 2021 | funds 2021 | funds | funds | |||
| 2021 | 2020 | ||||||
| EOOO | EOOO | EOOO | EOOO | EOOO | |||
| Income from: | |||||||
| Income from investment | funds | 6 | 8 | ||||
| Interest receivable | 9 | ||||||
| Totalincome | 6 | 17 | |||||
| Total 2020 | 12 | 17 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| f000 | EOOD | |||||
| Coronavirus | Job | Retention | Scheme | funding | 53 | 272 |
| 53 | 272 |
| Staff costs | Depreciation | Other costs | Total | Total | ||||
|---|---|---|---|---|---|---|---|---|
| and | ||||||||
| amortisation | ||||||||
| 2021 | 2021 | 2021 | 2021 | 2020 | ||||
| f000 | f000 | f000 | f000 | f000 | ||||
| Development | office | 26 | 3 | 29 | 58 | |||
| Trading costs | 30 | 30 | 27 | |||||
| Costs of raising funds | 26 | 33 | 59 | 85 | ||||
| Teaching | 4,001 | 749 | 4,750 | 4,959 | ||||
| Welfare | 195 | 173 | 368 | 330 | ||||
| Premises | 171 | 301 | 895 | 1,367 | 1,117 | |||
| Support costs | 622 | 390 | 1,012 | 1,210 | ||||
| Governance | costs | 16 | 16 | 19 | ||||
| Grants, prizes | and awards | 73 | 73 | 256 | ||||
| Charitable | activities | 4,989 | 301 | 2,296 | 7,586 | 7,891 | ||
| Total 2021 | 5,015 | 301 | 2,329 | 7,645 | 7,976 | |||
| Total2020 | 5,225 | 267 | 2,484 | 7,976 | ||||
| Governance | costs include: | 2021 | 2020 | |||||
| f000 | EOOD | |||||||
| Auditor's remuneration |
—in respect ofyear | 14 | 15 | |||||
| Other services | provided | by auditors | 1 | 3 | ||||
| Trustees' liability insurance |
1 | |||||||
| 16 | 19 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| f000 | 6000 | |||||
| Depreciation | of | tangible fixed assets: | ||||
| Owned | by the charity | 290 | 256 | |||
| Amortisation | of | intangible | fixed assets | 11 | 21 | |
| Auditor's | remuneration - |
audit | 14 | 15 |
| taffco | sts were as follows: | ||
|---|---|---|---|
| 2021 | 2020 | ||
| 6000 | 6000 | ||
| Wages | and salaries | 3,928 | 4,093 |
| Social | security costs | 377 | 395 |
| Other | pension costs | 710 | 737 |
| 5,015 | 5,225 |
| he average number ofpersons employed by the ch |
arity during the year was as follows: | |
|---|---|---|
| 2021 | 2020 | |
| No. | No. | |
| Teaching | 76 | 76 |
| Other | 64 | 62 |
| 140 | 139 |
| 2021 | 2020 |
|---|---|
| No. | No. |
| Tangible fixed assets | |||||
|---|---|---|---|---|---|
| Freehold | Motor | Fixtures, | Assets | Total | |
| property | vehicles | fittings & IT | under | ||
| equipment | construction | ||||
| EOOD | EOOD | f000 | EOOD | f000 | |
| Cost | |||||
| At 1September 2020 | 5,580 | 59 | 817 | 6,456 | |
| Additions | 786 | 174 | 47 | 1,007 | |
| Disposals | PO) | (70) | |||
| Transfers on completion | |||||
| At31August 2021 | 6,296 | 59 | 991 | 47 | 7,393 |
| Depreciation | |||||
| At 1September 2020 | 1,746 | 38 | 411 | 2,195 | |
| Charge for the year | 120 | 5 | 165 | 290 | |
| On disposals | (12) | (12) | |||
| At31August 2020 | 1,854 | 576 | 2J73 | ||
| Net book value | |||||
| At31August 2021 | 4,442 | 16 | 415 | 47 | 4,920 |
| At 31August 2020 | 3,834 | 21 | 4,261 |
| Intangible assets | |
|---|---|
| Total | |
| 6000 | |
| Cost | |
| At 1September 2020 and at 31August 2021 | 549 |
| Amortisation | |
| At 1September 2020 | 241 |
| Charge for the year | 11 |
| At31August 2021 | 252 |
| Net book value | |
| At 31August 2021 | 297 |
| At31August 2020 | 308 |
| 3. Fixed as |
set investments | |
|---|---|---|
| Listed | ||
| Securities | ||
| f000 | ||
| Market value | ||
| At 1September | 2020 | 116 |
| Additions | ||
| Net revaluation | 31 | |
| At 31August 2021 | 147 | |
| Historical cost | 55 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| 6000 | 6000 | |||||
| 9,392 | units | in | M&G | Charifund | 147 | 116 |
| 147 | 116 |
| 14. Stocks |
|||
|---|---|---|---|
| 2021 | 2020 | ||
| f000 | f000 | ||
| Finished goods and goods | for resale | 19 | 31 |
| 15. Debtors |
|||
| 2021 | 2020 | ||
| f000 | 6000 | ||
| Trade debtors | 36 | 115 | |
| Other debtors | 3 | 7 | |
| Prepayments and accrued |
income | 407 | 239 |
| 446 | 361 | ||
| 16. Creditors: Amounts |
falling due within one year | ||
| 2021 | 2020 | ||
| f000 | f000 | ||
| Trade creditors | 292 | 117 | |
| Other taxation and social security | 88 | 117 | |
| Pension creditor | 85 | 86 | |
| Other creditors | 21 | 16 | |
| Pupil deposits | 344 | 298 | |
| Fees and invoices paid in advance | 821 | 649 | |
| Accruals | 323 | 130 | |
| Composition fees |
97 | 119 | |
| 2,071 | 1,532 |
| emain in the advance fees payment scheme, payments |
will be applied to offset fees as follows: | |
|---|---|---|
| 2021 | 2020 | |
| 6000 | fOOO | |
| Within one year | 97 | 119 |
| One to two years | 3 | 20 |
| Two to five years | ||
| Total | 100 | 139 |
| The balance represents the |
accrued liability under the contracts. | accrued liability under the contracts. | The capital movements | during the year were: | during the year were: |
|---|---|---|---|---|---|
| 2021 | |||||
| 6000 | |||||
| As at 1September 2020 | 139 | ||||
| New contracts | 112 | ||||
| Amounts accrued to contracts |
1 | ||||
| Amounts utilised in payment offees |
(152) | ||||
| As at31August 2021 | |||||
| 18. Financial instruments |
|||||
| 2021 | 2020 | ||||
| 6000 | 6000 | ||||
| Financial assets measured | at fair value through | income and expenditure | 147 | 216 |
| 9. Share capital |
||
|---|---|---|
| 2021 | 2020 | |
| EOOO | f000 | |
| Allotted, called up and fully paid | ||
| 135Ordinary shares ofE20each | 3 | 3 |
| Statement offunds | Statement offunds | Balance at 1 | Income | Expenditure | Transfers | Gains/ | Balance at | ||
|---|---|---|---|---|---|---|---|---|---|
| —current year | September | (losses) | 31August | ||||||
| 2020 | 2021 | ||||||||
| EOOD | EOOD | EOOO | EOOD | EOOO | EOOO | ||||
| Designated funds |
|||||||||
| Capital Development | Fund | 890 | (140) | - | 750 | ||||
| Extraordinary Hardship |
Fund | 80 | (59) | - | - | 21 | |||
| General funds | |||||||||
| General reserve | 5,134 | 7,908 | (7,520) | 165 | 13 | 5,700 | |||
| Total unrestricted | funds | 6,104 | 7,908 | (7,579) | 25 | 13 | 6371 | ||
| Restricted funds | |||||||||
| Scholarships and bursaries |
301 | 35 | (62) | 12 | 286 | ||||
| Other | 16 | 34 | (4) | (25) | - | 21 | |||
| Total restricted funds | 317 | 69 | (66) | (25) | 12 | 307 | |||
| Endowment funds |
|||||||||
| Scholarships and bursaries |
19 | 5 | 24 | ||||||
| Total offunds | 6,440 | 7,977 | (7,645) | 30 | 6,802 |
| Transfers between funds |
Transfers between funds |
Unrestricted | Restricted | Endowment | |
|---|---|---|---|---|---|
| funds | funds | funds | |||
| EOOO | EOOO | EOOO | |||
| Funds expended | on capitalitems | 25 | (25) | ||
| Transfers to unrestricted | funds have been made where | ||||
| restricted funds | have been spent in accordance with the purpose | ||||
| ofthe donation | to acquire | tangible fixed assets. | |||
| Totaltransfers | 25 | (25) |
| Statement offunds | Balance at 1 | Income | Expenditure | Transfers | (Losses) | Balance at | ||
|---|---|---|---|---|---|---|---|---|
| -Prior year | September | 31August | ||||||
| 2019 | 2020 | |||||||
| f000 | f000 | f000 | EOOD | f000 | EOOD | |||
| Designated funds |
||||||||
| Capital Development | Fund | 3,000 | (2,110) | 890 | ||||
| Extraordinary Hardship |
Fund | 80 | 80 | |||||
| General funds | ||||||||
| General reserve | 2,701 | 8,141 | (7,720) | 2,019 | (7) | 5,134 | ||
| Total unrestricted funds |
5,701 | 8,141 | (7,720) | (11) | (7) | 6p104 | ||
| Restricted funds | ||||||||
| Scholarships and bursaries |
480 | 36 | (199) | (16) | 301 | |||
| Extraordinary Hardship |
Fund | 25 | (45) | 20 | ||||
| Other | 21 | 16 | (12) | (9) | - | 16 | ||
| Total restricted funds | 501 | 77 | (256) | 11 | (16) | 317 | ||
| Endowment funds |
||||||||
| Scholarships and bursaries |
24 | (5) | 19 | |||||
| Total offunds | 6~226 | Bp218 | (7p976) | (28) | 6~ |
| Analysis ofnet assets between | Analysis ofnet assets between | funds | |||||
|---|---|---|---|---|---|---|---|
| Current year | Tangible | Fixed asset | Current | Creditors | Creditors | Total | |
| and | investments | assets | due | due after | |||
| intangible | within | more | |||||
| fixed | one year | than one | |||||
| assets | year | ||||||
| EOOO | EOOO | EOOO | EOOD | E'000 | EOOD | ||
| Unrestricted | funds | 5,217 | 67 | 3,264 | (2,071) | (3) | 6,474 |
| Restricted funds | 56 | 251 | 307 | ||||
| Endowment | funds | 24 | 24 | ||||
| 5,217 | 147 | 3,515 | (2,071) | (3) | 6,805 | ||
| Prior year | Tangible | Fixed asset | Current | Creditors | Creditors | Total | |
| and | investments | assets | due | due after | |||
| intangible | within | more | |||||
| fixed | one year | than one | |||||
| assets | year | ||||||
| 6000 | f000 | EOOD | EOOO | E'000 | EOOD | ||
| Unrestricted | funds | 4,569 | 54 | 3,036 | (1,532) | (20) | 6,107 |
| Restricted funds | 43 | 274 | 317 | ||||
| Endowment | funds | 19 | 19 | ||||
| 4,569 | 116 | 3,310 | (1,532) | (20) | 6,443 |
| Unrestricted | Restricted | Endowment | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| EOOD | EOOD | EOOO | 6000 | ||
| Income from: | |||||
| Donations and legacies | 72 | 72 | |||
| Charitable activities: |
|||||
| Fee income | 7,176 | 7,176 | |||
| Other educational | income | 604 | 604 | ||
| Other trading activities | 77 | 77 | |||
| Investments | 12 | 17 | |||
| Other Income | 272 | 272 | |||
| Total income | 8,141 | 77 | 8,218 | ||
| Expenditure on: |
|||||
| Raising funds | 85 | 85 | |||
| Charitable activities |
|||||
| School operating costs | 7,635 | 7,635 | |||
| Grant making | 256 | 256 | |||
| Total expenditure | 7,720 | 256 | 7,976 | ||
| Net income before investment | |||||
| (losses) and transfers | 421 | (179) | |||
| Net (losses) on investments | (16) | (5) | (28) | ||
| Net income | 414 | (195) | (5) | 214 | |
| Transfers | |||||
| Net movement in funds |
403 | (184) | (5) | 214 | |
| Total funds brought forward | 5,701 | 501 | 24 | 6,226 | |
| Total funds carried forward | 6,104 | 317 | 19 | 6,440 |