PARKSIDÉ SCHOOI TRUST GOVERfrIORS' REPORT ANO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 Company Number.. OG67817 Charity Number.. 312041 *tsAYK5BT4' 2510212022 COMPANIES H¢JUSÉ A13
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PARKSIDE SCHOOL TRUST GOVERNORS. REPORT FOR THE YEAR ENDED 31 AUGUST 2021 P•ge Head'5 51alement Stalus èfid Adminiyration Report of the Board of Go¥erhOts incorporavng the Strategic Report 6-16 Report of the Auditors 17-21 Statement ol Financial AttS¥ities 22 8alance Sheet 23 Cash Flow Staternent 24 Notes lo the Financial Statements 25-37
PARKSIOE SCHOOL TRUST
GOVERNORS. REPORT
FOR THE YEAR ENDED 31 AUGUST 2021
HEAD'S STATEMENT
This has been another successful yeaf lor Parkside School,. during rhe conrinuarion of the effe£rs of
COVID-L9 pandemic. The fc
PARKSIOE SCHOOL TRUST GOVERNORS. REPORT FOR THE YEAR ENDÉD 31 AUGUST 2021 Nursery visit to Garson's Farm U8-13 Swimming Gala The English Curriculuffl in the Prep khool For Parenrs U9 Downsené Tournament Year 3 10 Painshill Park Swimming Gala v Oanes Hill Year5 4 & S Aladdsn Perfonnante Reception Trip to Wislev Year 4Trip to Nower Wood Parkside Remembrance Senrice and Match v KIS00d House U9 Royal Russell Tournament Assessrnent Week for Year5 1-7 Pre Prep Pareni & Son Breakfast U8-13 Swimming Wzla v Cranmwe U7 LaThesborough Football Tournament Senior House Swmming Gala Year 8 French Cinema Afternoon Year 1&2 chrtmaS Production Carol Singing ai The Old Plough Pre Prep Carol SENce Eco, Digital Leaders and Food Committee meetiy every two week5 Parents, Assernbly for Pre Prep every week SPRING 2020 virtual events INSETon 5th and 6 January Remote Learnin6 commenced OD 6 Janua5 March Weekly drivfrthrn with resource pa¢k5 ¢iven and homewoAÉ handed in Virtual Coffee Mornings Mèth5- Howto support your son at Home Feelgood Fridav aihs Informatson Workshop for Pre Prep and Prep Parents Safer Internet Week Socially Oistanced Walk and Talk sessions for Year 1.2J.4.5.6.7. Super Friday and Valentines Fundraiser LeaminE EnrichmÈnt.. Neurodiversity in the dassroom Class Fleps Meetings Virtual Wodd 8ook Dav Owls Concert Reception Concert Y6 Movie Evening Chamber Choir Rehearsals POP Pre Prep Easter Egg Hunt and Wèlkathon Y7&8 Brilliant Britarn Production Ptye2
PARKSIDE SCHOOL TRUST GOVERNORS. RÉPORT FOR THE YEAR ENDED 31 AUGUST 2021 SUMMER 2021 Nursery and Pre Prep Parents, Coffee MorThin85 P¥e Prep Parent and Son Breakfast Effective Revision Sessions Year 2 Trip to Painshill Parkside School Parents. EveniThES Themed Lunch Parents E-safeiy Woikshop Crickei and Tennis Marche5 resumed Prelect lunch POP Pre Prep and Prep Movie Night5 Individual School Photographs Year 2 Taster Afternoon for Year 3 As5e55ment Week for Yeais 1-7 Second Hand 8ook Sale Year 5 Parents. Pre Tett Évening Year 8 Common Entrance Exams Year 7 Leadership Dav Year 8 Leaver5' Programrne Years 3&4 Extended ChallenEe Se55ions Owls and Reception Swimming Demonstration Hedgehogs and Squirrels Teddy Bears PKnic Adveniure Year 6 production ol The Tempest Year 8 Leavers. Trsp to Snowdon and Adventure Parc Snowdoni Watef Polo Squirrels. Summer Concert Sports Day and Summer Feie Year 5 & 6 Outdoor Pursuit Day at 8arfield Years 1&2 Mini Olympics Junior House Crickei Year 3 Production of Roald Oahl Mash-up. International Day Pre Prep Trip to Look Out Centre Year 7 Gentlernen'5 Oinner and Evening Celebration Final Assernbly Year 8 Leavers Celebration Dinner and Presentation Nicole Janssen BA (Honsl PGCE NPQH Head Pty3
PARK510E SCHOOL TAUST GOVERNORS. REPORT FOR THE YEAR ENDED3lAUGuZo11 REGISTERED OFFICE The Manor Stoke O'Abernon Cobham Surrey 113PX CHARITY NUM8ER 312(141 COMPANY NUMBEA 0667817 GOVERNOR5 Mr Robin Southwell "Ichairman of ihe 8oardl Mrjohn Cahill • IresiBned 301061211 Mrs Celia Gregory Ms Karen Keane Mi Edward Kesterton (resigned 301061211 Mi Roger Morris (resigned 301061211 Mrs Pauline Stoffber8 Mrs Kerry 5tylski Mr Jonathan Wood * Mr5 Claiie Tenenbavrn Mrs Sharon Pa5k Mr5 Sarah Bradley Mr Jarnes Dames (appointed 30m6nii Member of the Finante & Risk Committee HEAD IArs N Janssen BURSAR Mi J Taylor PROFESSIONAL ADVISERS- AUtXTORS Moore Kingston Smith ILP Devonshire House 60 Goswell Road London ECIM 7AD 8ANKERS Lloyds TS8 Bank PIC S Ockharn Road South East HoTsley Surrev KT24 6QW Pa9e 4
PARKSIDE SCIIOOITRUST GOVERNORS. REPORT FOII THE YEAR ENDED 31 AUGusf 2021 S¢XIUTORS Moore Barlow LLP ThÈ Onel Sydenham Road Gvildlord Surrey GUI 3SR Pa98 5
PAftKSIDE SCHOOL TRUST GOVERNORS, REPORT FOR THE YÉAR EMDED 11 AVGUST 2021 The Governors of Parf¢side School Trust Sent rheirannuol report including the 5traregic report and audired accounr5 for the year ended 31 August 2021, and ConfrM that thÈy comply with the requirements of rhe Charities Att. the Companies Art 2(, the Memorandurn and Articles of A5S0CiatiE)n and Ihe Charitie5 SORP. 5TAUCTURÉ. GOVERNANCE A14D AIMS CorL8titulion P3rkside School was eSblIShed in 1879 whith. follown8 ser31 chan8e5 Ot k)tation moved io sroke d'Abernon in 1979. ParksidE Trust was incorporated on 16 Mryu5t 1960 as amended by Special Rèsolution dated 10 Marih 1984 and JS November 1999. The latest revision to the Arricles is dateLI 18 Octoter 2011. Parkside Sch¢)tsl Trust is a charitable company limited by euaranree. registered charity number 312041 and company number 0667817. The charity is a150 known Just as Parkside School. The Governors are the directors aDd the charrty trustees. The Companyis limited by8uarantee and therefo5 nD shère ¢apital.The liability of each membei is lirnited to a 5urn nct exreeding El the winding up of the company. Cha¢itale objects ThÈ Objects of Park5ide School are -lo wovmje and maintain any day and/0¥ boardFng schotsl oi 5choo15 for the educatiort of boys andlor rtS-. The main charitable purpose is the Advancement of Education. The Governors have eletted to run preparatory schod. providing education to boys between the ages of 2 13 and bath girls and boy5 in ihe Nursery. Backtround and Ethos The School welcomes puwls from all backÉrounds. Boys who move to Pre Prep Irom Nursery do so autOrnatycally_ Where boys Join at a later 5rage. Ihe School's Admissions Policy is not acadefflic4lly seletti¥e and there Is 3 wide CT0$5-5ertion of aodemic a.11. Boys are. however. tested io determine whether or noi they will be abre to follow the ¢urriculum successfully and previous school ieports will be consulted for eenCe of good behawour. The School operates no religious restrictions aThd there 15 no geographical re5rriction. In piactice. pupils ai the kh1 are drawn from within a radius of approximately 20 miles. Ahhoitgh rhere are no gender fesuictions in the Charitsble Obtects. the School in practice Is only open to boys. The Nursery is ctreducaiional. Theschool iscommitted to saleEuarding and pri%moiin8 thewellare ol it5 PUlS and Èxpects all staff and volutsteers to share this comrnitrnent. Schoof5 Aims To creare a happy. safe arKI nurturin8 e{mrMent." Pa92 6
PARKSIDE SCHOOL TRUST GOVERNORS, REPORT Fofl THE YEAR ENDED 31 AUGUST 2011 To provide opportunities for our pupls io achie¥e their full potential through exciting. excellent and innovative teachin8 and learni ro present circumstances lor our pupi15 to develop inqui51tive and enquiring minds, where they embrace challenge with confidence and develop the skills for their future paths." To promote respectful. fair. well-rovnded and confident individu31s.' and To prepare an in5pirinE, diverseand challenging educationwhere our pupils. pa5sJon5 and talents are diKovered. celebrated. nurivred and developed. P45tgral C•rt Pasioral care remains Sirong aE)d underpins all aspects of s( life lor rhe £hilLlien. The Deputy Head oversees all systems ènd engages with the pupils throu8hout Ihe School and communicates regularly ¥th parent5 as ihe School's Pareni Contsct Liaison. Twice weekly brieling5. V4eekly staff meetin85. Week Head of Year meetings and Team meetings take place to ensure there is constant dialo8ue and shated communication between the Staff. All discu5510r15 are responded to appropriately and sensili¥ely and logged on Ihe School's Marsagemeni System. 5choolbase_ Each Form has their own WellbeinyJPSHE book which they work on collaboratively to enctsurage openne55. dtscussion and honesiy in a supportive environmenvplatform. Form ieachers follow up concerns which will often result in a phone call parents to agree a horne/school plan of action. The School Comrnittees ISchi)ol Council. Food Committee. Eco Comrnittee and Di8ltal Leader51 continue to allow the children to share their opinionslvoices which encourages team-work and a sènse of designing their own future- in line wtth the 'Make it HappeA' mantra carried throughoul Parkside. Equal Opportunities Promotyn8 equal opportunit5 is fundamental to the aims and eth05 of Parkside School. We treat all our pupils as Individuals ané produce a learning community that embraces the diversity we see in today's wkl. Park5ide School Is commitiefl to equal rreatrnent For all, regaidle55 01 an individual's race. ethnicity. reliKv)n. sexual orientation. disability. learfiing difficulty. body image Dr social background. We believe thai. if an ind[dual feels valued. they wll flourssh. Public Benefit Parkside School 5et5 its obsectives and plans it5 activities and the Governors have had regard to the Charity Comrni55ion's Public Benefit gvidance. Links vjith the lo¢al ¢t>mmunbty During the course of the year many local organisat5 have used our facilities. The Roy31 Kent school have used our swimming pool in ihe autumn. sp¥ingaThd 5umme¢, with one term being free of charge. Sroke D'Abernon Cricket club have been offered free 5es5ion5 on our pitche5." discounted hire rates are offered to Alanon Ifor families ol al£oholicsl." Chelsea FC used our grounds exiensiyely over the sutnmer holidays with their Oi5ability Outreach Team a150 tssing the fiekls far their community project whieh wa5 offered for free. Other hirer5 or users Includeil Cobham FC. Suirey Sotter khool.. O¥shott Royals. Stagecoach theatre. and hirirsg for Brass band use. There were a150 Other hirers OF our pitches and buildings on 3 regular b3515. Page 7
PARKSIOE SCHOOL TRUST GOVERNORS. REPORT FOR THE YEAR ENDED 31 AUGVST 20ZI However. a number of other, additsonal events did have to be cancelled in the spring and summer terms due to the Covid Par41eM le.g. Sufftmer 8alll. StrucliirÈ The Governors who are also charity tnJ5tees are fespofisible for the overnll managemefit of the Park5ide School Trust. The Go¥ernin% Body is made up of people with professiorsal skills. Including educational spetialists. accountants. lawyers. marketing speciali5( premises and bvildin8 specialist and general management. current there are 10 gowernors sorne of whorn have 3 past connectlOA to the School. as an ex- pareni. or who ha* joined the Board via the Nominalw)n5 Corntnittee. having been hbgh recommended. Much of the detailed work of ihe c¢)vernors is carriedout by committees- Education. Finance and Risk. Health and Safety and Nominations. The Governors Bive their time freefy and no remvneration 01 expenses were paid in the year. No governor or person connerted with a govemor re¢eNed any benefit frorn mean5 ie5ted bursaries awarded to t)ur pupil& The day to day running ol the Sthool dtkgated to the Head. Bursar and the Senior Leadership Team1SLn. The Head. Bursar and Senhv members of staff attend Committee meeiings a5 required. The Bursar is responsible for ciFordinatinE the work of the Committees, preparation of the management accounts and the review of Matters Arising. The key management personnel of Parkside School are thè He3d and Bursar and the Senior Leadership Team. The School aims to recruiL 5ufy.ect to expErierKe. at the bwer tl) medium point within the Parkssde School $313ry 5c3le which provides K0peforrewardingexcellee. Delivery of the SC1Kl's charitable vision and purpose is Primarily dependent on rhe key martagernent petsortnel staff cgsts are the largest SlThEle element of our charitèble expefidttu. Recruitment and 7eeTla[lUn8 All recornrnended candidates are tonsidefed bythe full Board. New Governors are inwted io visit and tour the Schwl. meetin8 the Chairman of Governors, Head and key senior staff ahd are then supplied with the followi fOrmation= Independent Schools Council IISCI Manual 'Guidelines for Govemor5.' School Prospectus. Annual Report and Accounts. School Plan, last Inspection Re)It, Websiie details. CO of the latest 'Articles' of the tompanv. An induction prc<e55 for new Governor5 Imiolves the prospective Gove¥hor meeting wilh the Chairrnan of the 8oard ol Governors to distuss the straiegic plans, the School's major proipct5. role5 nd responsibilities of the Governors. allocation of Governors to certain Comrnittees, 'Governance Structure of the Charitv and Jttendance at ielevant training courses. A tour of the School is also included. A lull daTrls Govemors. meeting is arranged at least once a year dvrin8 which Governor5 observe lessons, meet the staff and receive traiThine_ The SttUre of thTs has had to changÈ due ro Covid and %fdS done wa Zoom along wilh other Governors. rneeiin85 throughout the lockdgwn. Page 8
PARKSIDf SCHOOL TRUST GOVERNORS, REPORT FOR THE YEAR ENDEO 31 AUGUST 2021 Risk Management Risk Managemeni t5 rh2 uliimate fespon5ibiliry of ihe 8oard ol Governorsnrustees. This responsibility has been delegated to the Firnance and Risk Cornmittee. The Cornmittee reports to the Board annually for the Bo3¥d's approv31 of the report and Committee meetings are minuted. The Committee seeks to identify those si8nifi.cant risks thar potentially could cause substantial impairment in the achievement of the School'5 objects and aims. A register of these risks is maintained and reviewed annually,. the Board h35 introduced procedures as 50 far as is practical and P055ible to mana8e them toan acceptable level. The Cornrnittee reminds staff and Governors ol rheir reswnsilj-lities. irn this respecr. to consider poieniial new iisks an¢J lailures. The hi8he5t priority risk5 identified by the GernOr5 were". The effects of Covid-19 on the running of ihe school A furtherdownturn In Ihe general econofflic environmenfimpacting pu1 number5 ané thecosts ol rvofting the school Common with the independent schools. sector. the thre31 ol VAT on school fees and lifting the business rates concession could also impact pupil numbers and costs. The Govefnors regularly review the efftcbveness of curient plans and strateg*5 lor managing all identified Fnaior risks for Park5ide School. Health and Safety is alwa¥5 a significant area for risk management. The risks rae from fire and infrastructure to peisonal risks Imost notably when ihe puwls attend residential School trip51. parkde School Governors take Ihis responsibility very seriously and ihrough ihe termly Health and Safety Meeting5 the annual Risk Assessments are reviewed along with the Fire Risk Assèssment which 15 prodvced externally. monitored by Health and Safety and shared with all stall. The training of all staff in area5 of Health and Salety Is ol paramount importance and the trainin8 pfogramme Is kept up lo date by the Senior Leadership Tearn. Page g
PARKSIDE SCHOOL TRUST GOVERNORS. REPORT FOR THE YEAR ENDED 31 AUGUST 2021 STRATEGIC REPORT Objeai¥es The Head has ensured durin8 202012021 rhat the ethos and community Spirii of the school is unchanged and has initjated thanges to fvrther develop those core aspects of the school,. whilst leading and deliveriThg greater academic rigour and a more dynamic an¢J varied curwiculum. The School continites to develop relaiioftships t private NUer1e$. local primary school5 5uth as St matthe5, Ro1 Kent and Eastwi¢k Junior khool as well as Feeder Preps IGlenesk and St Christopher's) and the l¢xal sports club5 and coThtbnue5 to buld links with Chelsea FC. The Head 15 actNety building links and visityng senior schools, aknngside lorging excellent relations with the new Reverend at St Mary's Chw(h and the schoof5 ne¢hbourine businesses in Cobham. Charity Governance Code The draft Governartte Code coniinyes ro be reviewed 8uidan¢e sought from the template document recewed via the Independent Schools. Bursars Ass¢xFabon in conjunrtion with Moore Barlow. The Board review5 progre55 regularlv. REVIEWOF ACTIVITIESAND ACHIEVEMENTS Academic Frgm the moment that the second Llxkdown was annourKEd in january 2021. Parkside had already implemented a strategy to ensure lessons continue throughout Ihe Covid crisis. New timerables were produced loi ihe whole school io follow. Edmodo wa5 used 35 a cornmunication platform between pupil and teather and Zoom was introduced to strèam live le55QnS thToughout a full teacfvnE day. A weekly drNe through wa5 implemented. where parents would pick up resources and marked work from the previous week and be given physical work and resources for the week ahead. io supplement and support the online 550n5. Form titnes. parent coffee momings, parent eveThings and social groups were all initiated to support rhe Parkside communrty and welfare of the pupils. Planned Walk and Talk, sÈssions were set up to allow 50cialty distancedand COVID safe walks for pupi15 to engège in social interaction chosen peers. During the Lockdown period5, Parkside continued ro thfwe and bullion the proVisn already offered. The Head set expe¢taiions to eftsure the whole curriCM was delivered to the pupils, whilst ensurin8 there was dedit3ted time for pvpils to engoge pastorally socially with their peers and teachers House competitions. a55e55rnents, Form times all continued to ensure school felt normal for rhe pupils. wherever practicably ppssible. Wellbein8 walks were intfoduced to encourage conversation. socièl interaction and good mind space f the whole of Parkside community. Parkside received overwhelrning praise from the parents for rhe educational provision and care in managing the pupils, wellbeing_ The Year 8's worked hard towards and sat their Common Entrance exarns with 11))% pa5$ rate. All boy5 received a place into their Sen1 School with Scholarships awarded from Tonbridge 11 x P4? JO
PARKSIDE SCHOOL TRUST GOVERNORS. REPORT FOR THE YEAR ENDED JI AUGusf 2021 Academicl, AGS12 x Academic). WafTOW Istarred Comrnerbdationl and Reed's11 M Drama. I x Sport). A two-week Leavers. Programme was de¥eloped to turthef enhaftce theif Parkside experience involvin8 an off-site trip to Wales and climbing Snowdon. whsch was very svcces51ul and allowed the Year 8's to leave as self-as5ured young gendemen. ready to take on any challenge that wesented in their Senior School. Music Music is taught rhroughovt the school frorn Nuvsery to Year 8. Singing, rnusK perftsrmaThce and learnin8 a differeni instrument. Irangin8 from ukulele to violinl are the main component5 to ihe curriculurn." where opportunities ro perform have been hampered by Covid, but continued within governrnent 8uidelines. There is a School choir for Years S-8. The Music Development plan includes all boys learnin£ an instrumer¢t. introduction of a Chamber Choif. erlsemble Efoups, iermly concerts. regular performances In assembly, singing at Leith Hill. Planned outdoor Summer Music Concert and Creative Arts Week in the Summer term were cancelled due to COVID-19. Drm• and Theatre De5Plte Covid restrictions. innovative 2oom productions allowed the show to go on and ensure boy5 were kept in their bubbles ro rehearse and perform for panIS. In Spring ierm. Years 4 & 5,5 Aladdin Performance. the Ow15' Concert. Reception Concert and cornedic Y7&8 Brilliant Britain ProduCin. all look place wa Zoom from two locations. In summer term. the boys wefe ale to perform a Year 6 prod4Ktion of The Ternpest., the 5quirrel5' Summer Concert and the Year 3 pr¢)ductK•n ol'Roald Dahl Mash-upl,. The Year l & 2 Christmas produciion as well as the Squirre15' Toy SeryKe and Ow15 & Reception Nativity ti)ok place. Oc3ma and Mu51c lessons continued ihrouRhout Lockdown with greai originality and Imagination, which was captured by the boys recordiTrg thei¢ tasks, seni io tlT teachers and also posted on social media.and n the New51erter. Sport The sport provision at Park5ide durin8 2020121 has had io evolve, adapt show great creativiiy due to the global pandemic. with remoie learnin& bubbled year groups and stringent re8ulation5. During remote learning Ihe boys had live. online skill and HIIT IHiEh IntentY Interval Tra¢ningl sessions run by the sports sralt which were greatly appreciated and participated in by not only the pupils but many siblings. parents and even peis. The Live les50nsbroughi a real feeling of community together with activities. competitions and the opportunity for some much-needed soc131 interaclion vrith others. The boys found the HIIT sessions particulafly challen8iThE physical wirh many boys coming Out of remote learning fitter and stronger than belore, è tsnt3Stic achievemenr through hard work and commitmenr on their part. During the SLMnmer term we saw a more normal provision resume althougb many valuable lessons have been leaint about not over playing inter school matches and ihe imkx)rrance ol indivbdual pa55ion and progression and not j115t team developmenl
PARKSIDE SCHOOL TRUST GOVERNORS, REPORT FOR THÉ YEAR ENDED 31 AUGUST 2021 and results-bèsed assessment. Sport continues to be taught with a 'sport for all. approach, wh*lst en5unng the talented boys are 8i¥en the opportunity to develop their skills in the Elite Sporting Programme. Our ¢ollatrt)ration th Chelsea FC throughout ihe fooiball procramme continue5 to give both statt and boys an increase of knowSe ol ihe game and help profe$5ionalise our football progfamme even further. Finally, our cricket prog¢amme is constantly improvin8 throu8h Qui Park5ide Cricket Academv. Football- Our contlAued strong links th Chelsea and their coache5 input continues through0 the School and we have 6 Pupils who are under the Chelsea Football aub developmeni foundation. The Pandemic hugely affected the inter sth0015' fixturesprogramme but we saw it as a great opportunity to spenLI more lime posilivefy ImCting the boys. individu315ki115 and by ihe end of the season were able to review the significant improvement seen particularly across ihe lower to rnid I"11ty Eroups. We also highlighted that deSe the more able con501idaiing their skills they missed the opportunitv to play a8èinst other high-level performeis. A ComprehenVe internal league systern was set up which allowed for weekty competitive internal vnatche5 which the boys thofoughty enjoyed and got lot out of. Swimmine- tontinues io sprinÈbtsard the boys inlo Var$£0MPel1Ilons including reaching the IAPS National Swmrning Champonships. There were no inier sthool swimmin8 Gala's last year due to Covid restrictions these have recommenced this terrn IAuturnn 20211 with some great success thanks to the effort and cornmitment made staff to put pfotocols in place over ihe summer term 2020 to allow ihe boy5 tt) swirn when many other schools did not. Thi5 has allowed Parkside pupils to continue to develop and rno¥e ftsard ih their swimming despite the pandemic. WaterPolO-Afterthesuc¢EssofPare becomin¥ U13 Cadetwater Polochampions in 2019. water polo has continued io be hu8ety popular despite teams not being able to play rnatche5 due to CUVKI restrictions. We hope ihe matche5 will recornrnence in the Sprin8 and Surnrner Z022_ Crltket- The UIIA team reached the Semi-finals of Ehe Surrey Cup and the I" Xl nafrowlv 105t the final ol the Belmont 6.5 In a Golflen Over play off to end up bein8 runners up. Parkside has 8 CAG Icounty I8e Groupl players for Surrey County Cricket. Parkside Cricket Acaderny IPCAI continued with or-10-one sessions and Summer ¢ri(ket camp5. in line with Government guidance. Rugby- After the hugely successful introduction of ru8by last ¥ear it was fru5tratifjg that rnuch of the season was affetted by Covid restrictions with boys noi being able to compete in eontact rugby and training being re5¢ricied to handlin8 drills at best. With this in mind we hawe already startin8 Puttin8 plans In place to help increase the training an(1 development lime ih lessons this year to help bring rhe boys ski115 UP to rhe expected levd. PE Curri¢ulvm The PE curTicuhJrn continues to evolve anrf we have seen huge benefits this year with the Year 3 and 4 boy5 accessi6 a triple PE lesson allowing them to now participate in PE and Swimming le550ns every vieek instead ol the week on week off rotation The Iw5' fitness. passion and skill developrneThi 15 Certain beneFitting with ihe new system. We are a150 continually looking to 51ren£then and devÈlop ihe curriculum and afief the successful introduction of Handball last year Pag8 12
PARKSIOE SCHOOL TRLIST GOVERNORS. REPORT FOA THE YEAR ENDED 31 AUGUST 20ZI for Year5 3+4 we will also be looking to introdute strength and conditioniry se5510ns in Spring 2022, across the school after ihe hugely popular HIIT sessions in remoie learning. Parkside School Entewprises IPSEI Parkside £oniirtves to offer è rarbge of aciiwties for pupi15 throughout the year including Nursery Fun Days. Cricket, Sports. and Soccer Camps." all genefatin8 additN)nal irttome revenue for the School. Other events were held. but there was sorne disrupiion due to the Co¥id-19 kxkdown5 drIng the vear. FINANCIAL REVIEW Our finances Once again the Governors are dedicated to the School deveknprnent programrne and ensuring ihat 11 the net income resource5 are investetl for educotional purpose> Parkside khool is a charitable trust and as such our parents have the assurance that all the income of the Khool will be used lor educational purposes. As a Charity we also entitled to an 80% reduction on our bvsines5 rates on the property we occupy for our charitable purwjses, the linanual benefit5 we receNe from ihis are all applied io WT educational purposes. an educational charity. we are unableio reclaim VATlas educational services ère exempt for VATI. The School pays tax throueh contributions made for National Insurance. Good managemeni ol the School'5 incorne aThd expenditure. which is monitored by regular meetings of the Finance and Risk Cornmittee. ensures confidence in the procedures within which the S£hool operates. The level and Isreadth ol actwity at the School is consitlerable and the risks associated Wbth all activities are minitnised by thorough planning risk a55e55meni. Reserves Policy The Governors regvlèrly review the level and nature of the reserve funds of rhe khool At 31 Augvst 2021, P3rkside School had uNestricted funds (including amounts tied vp in lixed assets) of E4,122.83212020.. £4.061,42?l. Due to the ¢nvestrneni in fixed asse15 Ihe School does not carry free reserves as at 31 Augusr 2021. The school alsohad restricted reserve5 of É26,10912020.. £13,71SI, which represent5 the lunds controlled by the Old Boy5 Association,108AI. The Governors wsh ¢0 build the Free Reserves io an amount which represents the equivalent of one term's expenditure. However. in ihe medium teim it Is their inEention to invest substantial sums into building projects. The Governors are mindful that. whilst executÈng their capital development plan, the level of free reserves Ibeld by the School will fluctuate. The Governors are satisfied that external finance facilitie5 already in place provide an adeouare safety net, If it shovld be reouired. Page 13
PARKSIDE SCHOOL TRUST GOVERNORS, REPORT FOR THE YEAR ENDEO 31 AUGUST Z021 Puiyl numbers and fees In the last academic year the buLlgeted number of puLS was in line th predittions. At the end of Summer term 2021 there were 260 pupils on iole.. the number ol wpils in Pre Prep was 49 and 166 in the Prep School with Nursery having 45. FTE (full time equivalentl pupi15 wa$ 245. The Governors re¢ognise ihe pressure on parents tts afford school fees and in order to avoid increasing the lee5 to co¥er the c05t of bvrsaries, rhe School has continued its Commercial activities ro raise fLtnd5 to olfset extra costs. The Governor5 also decided not to increase the school fees fL¥ thi5 financial year. B4rrsaries Whilst the priority lor Parkside sch has waYS been the wwsiort of a quality education for its pupi15. the GDvernors and staff also believe in the irnportance ol being oulward looking and in providing access to Parkside School to those who cannot afford the fees. Any bursary agreed will potentially operate lor the entire peri(Kl a boy is a pupil at Parkside School. We wll consult rhe parents each year to reassess thEir financial poytion. This ensures fund5 are directed where need is greatest. 8ufsaries of up io 100% are available depending uppn the financial p051tion of parents. 11 a parent is unable to pay for the cost of sthool unilorm. sports kit and school trips. payments to cover these additional costs can be provided under the terms of the Bursary Policv. The Bvrsary Policy covers two cateeories". Those who wish to send their son to Parkside School t¥Jt cannot afford to pay the fees.. 93nts who appty for a bursary while their son 15 at Parkside School. In assessing mean5. a number tsf financtal fxtor5 are taken into ¢on5ideration. Parkside School's normal admissions procedure applies when a bursary 15 offered but. if more applications are Ceived Ihan places at any one rime. priority will be given to those ju¢Jged m05t suitable and likely to gain most frorn the educalionèl prowsion. In total 11 boys were in receipt of means iested bursaries. A further three boys re¢e4ved a discount 0170% or more. The value of all means teste¢J bursaries whith inEltsdes pupils starting 5ch(x)l. tontinijation of bursaries already agreed. hardship awards lor puwls ai ihe xhoDI and awafds for children of staff er and above the normal 50% Matf discount represents 2_1% of our tDtsI gross fees. The School has promoted the availèbility of bursaries during the year from Year 3 anLI atK)ve. Information about bursaries has been included on ihe website. Other d55toufits Park5ide School has Cgme to an agreement with School Fees Plan to run a facility for parents who wish to pay their schoo15 fees by monthly direu debit instalment5. To undedine the value we place on continuity IOT families we offer a discount of IO% ¢)n the eldest child for parents with three children at Parkside School including children aitending the Nlwsery. We also offera'loy6ltydiscount' when a pukxls move5 from Nursery io Pre Prep. In order to attratt and retain qualiiy staff we offer a discount 5chEme where staff members choose to edutate their children at Parkside School_ Page 14
PARKSIDE SCHOOL TRUST GOVERNORS. REPORT FOR THE YEAR E140ED 31 AUGUST 2021 Fern5ide A Separate ¢hafitable trust. The Fernside Trust. was Set up in 1989, by a Khool Govem¢)r of the dav. and was established ltsr the purpose of providing financial support to parents of boys wh(} fall on hard times finantially Thiswas cl¢>sed in April 2021. with the balance being transferrèd to the School and held ès restricted funds. Parents can continue to donate to the School's hardship ftsnd through an opt-in process on their fee inwxces. Charity Givi In line with our PSHEE curriculurn. which, CouedWIth British Valtses, the school Coniinues to educate the children of those who are in need throughout the UK and abroad. The children of Parksid supported the lollowing charities." Cobham FrKJd Bank and the Grace Dear Foundation, raIsg a total of £1303. The School'5 Charity Week was unfortunately cancelled due to Co¥id. The school council is fully involved in ch¢)osing and runnifie hJnd-raising charity events. OLD BOY5, ASSOOATION The Old 8oys' Association IOBAI conlinues to an irnportant part of the School. with a new designated area being ser up on the wÈbsiie. To drive up numbers. a new comrnittee set up by parents has now been launched. FUTURE PLANS The Governor5 are actively retWIn8 and irnplernenling a range of aciions io continue to impfo¥e Ihe financial delicit durin8 2020121 whilst maintaining the same objectives concerning the education of Children at the School The 6overnois believe that the key to the future ol the School is to build on the educaiional experierKe of the children through continuiTh8 improving teachng and learnin8 and investing in faciliiies wiihin the School. The Governors are looking to improve the monitoring of pastoral progress of pupils. thereby aiding their personal development. through a Sirern8thened Education Committee. Governor5 with specific role5 such as with responsibillty for the EYFS are con11 with_ The Governors are determined to invest in the refurbishmeni of Schotsl's facilities fvrther via a PPM Iplanned Preventative Maintenance Planl alongside the School Master Plan whiih was initiated in 2018. An upgrade to the S(hool's internei capability look place in Spring term 2020 to allow faster inteinet speed and Wi-Fi. A programme of measures to improve efficiency and save costs in running Ihe School has alreadv been enacted upon and will continue into 20213nd 2022. The Governors will continue 10 review the operation of the 8uFsary kheme and the elfec¢iveness ol the Schoofs approach to Publit Benefit. The School will continue to take part in events w¢th other schools boih state and private and thereby support ihe local communily. The School will hosi events irwolving other schools. club5 and organisarions whenever possbble subj.ed to Covid resttictions. Page 15
PAf¢KSIOE SCHOOL TRUST GOVERNORS. REPORT FOA THE YEAR ENDED 31 AUGU ZOII STATEMENT OF GOVERNORS, RESPONSI6ILmES The Governors Iwho are also directors of Parkside School Trust for the purpose5 of company lawl are re5pon5ible lor preparing ihe Governors. Report and the financsal statements in accordance with applicable law and United Kingdom Accounti Stsndards (United KiEvAdom Generalty Accepted Accouniing Practice). Company law requires the Rovernors to prepare financial statements for each financial year which give a true and fair wew of the state of affaits of the charitabte company and of the incomin8 resources and application of restsurces. including the income and expenditure. of the charitable company for that period. In preparing these finanual statements. the governors are required to.. select suitable accoting policies and then apply them tonsistently- observe the rnethods aThd winoples in the Charities SORP- rnake judgerneDts aTbd timateS that are reasonable and prudent.. State whether applicable UK ktountinÉ standards have been folFowed. wbject to any material departures disc105ed and explained in ihe financial ststements, and prepare the financial statements on the 8oin8 tontÈrn basis unle551t is inapwopnate io presume that tt tharitable company w1 continue in bussness. The Governors are responsible fof keeping proper accounting record5 Ihot disclose with reasonable accuracy at any tsme of the financial posityon of the charitable company and enable them to ensure that rhe financial statements comply with the Companies Aci 2006. They art also responsible for safeguardi assets of the chariiable company and herKe for taking reasonable step5 fof the preventign and detect of fraud and other ifreBularilyes. The followin8 Statements have been affimed by each of the Governors of the charitable company.. so far as each Govemor is aware, thefe is no relevant aL*dil information (that is. information needed by the company's auditors in cofinection with prep3rinE their report) of whKh the ¢ompan¢s auditors are unaware- and each Governor has taken all the step5 that helshe ought to hav? taken as a Governor in order to make himselflherself aware of any relevant audit information and to establssh that the companrfs auditor5 are aware of thai informat. To lacilitate thi5, Ihe Govemors rety on represent3ts.ons made by the Management of Parkside School. AUDITORS The Governors. report inc111Th1 the strategK report was apwoved and ahOrISed for issue by the 8oard of Gove¥rtors at its meeting on 24 November 2021 al signed on its behatf by.. Mr Rolm'rt Southwell Chairman Pap 16
PARKSIDE SCIIOOL TRUST AUDITOAS REPORT FOR THE YEAR ENDÉD 31 AUGusf 2021 INDÉPENDENT AUDITOR'S RÉPOATTO ThE •ttMBERS AND TRIJSTEES OF PARKSIDE SCHOOL TRU Opinion We have aydited the financial statements of Parkside klKJolTrust IthÈ'pèrEnt chaTltable iompanrfl and its subsidiaries Ithe 'group I for the Year ended 31 August 2021 which comprise the Group 5t3tement ol Finaneial Attiwties. the GTOUP 5umrnary Income and Expenditure Account, the Group and Parent Charitable Company Balance Sheets. the Group Cash Flow 5¢atement ané notes to the financial siaternents, including significant accounting policies. The financial reportin£ framework ihar ha5 been appSiÈd in their preparation is applicable law and Uniled Kinedom Accovnting Standards, includin8 FRS 102 'The Financial Reporti srandard Applitable in the UK and Republic of Ireland. Iljnited K*ngdom Generally Accepted Accounting Pr3Clicel. In our opinion the financial statesnents- 8bve a true and fair ol the slate of ihegroup'sandthe Parenicharitable company's aff airs as at 31 August 2021 and of the group's incoming resources and application of resources. including tt5 income and expen(lilure. for the year then ended-. h3ve eTh properly prepared in attordante with Ursited Kin8dom Generally Accepted AccouThrin8 Practice." and have been prepared in accordance with the requirements of the Companies 2(KJ6 and the Charities Aci 2011. 045is for opinioA We conducted our audit in accoidance with International Standards on AudttTn8 IUKI IISAS IUKII and applicable law. Our fesponsibilrties under those standards are ILrther described in Ihe ALtdstorfs Responsibilities for the au¢Jit of the financial statements 5eLtion of our report. We are Independent ol the charitable company in accordance with the elbical requlrements thar are relevant to our audit of the financial statemeThts in the UK, including the FRC'S Ethical Standard. and we have fulfilled our gther ethical responsibilities in aicordance wilh ihese iequirèments. We believe thai the audit ewdence we have obtained is sufficienr and appropriate to providÈ a basis for our opinion. Concluslons relating to going concern In atsdtting the financial 51atements. we have concluded thai ihe trustees, use of the goiTh8 concern basis ol accounting in the preparatiorb of the linancial statement5 15 appropriate. Based on the work we have performed. we have not ideniified any maierial uDcertaintie5 relatiriE to Èvent5 or conditions that. individually or collectively. may cast gnifIcant doubt on the group'5 3nd parent charitable company's ability ro continue as a going concern for a period of at least twelve months Irom when the financial siatements are authorised for i$5ue. Our responsibilitie5 and the iesponsibilities of the trustees wth respect to gosnB corscern are descrlbed In the relevant sections ol Ihi5 report. Paje 17
PARKSIDE SCHOOL TRUST AUOITORS REPORT FOR THE YEAR ÉNDED 31 AUGUST 2021 Other information The other information coniprise5 the informatyon induded in the annual port, other than the financial statements and our auditorfs report thereon. The truyÈes are responsible for the other informaiion contained within the arbnval report_ Oui opinion on the financial statements does not cover rhe other irtfo¢matK)rb and. excepr to the extent otherwise explicftly stated in our report. we do not express any form of assurance c¢)nclusion thertoft Our re5pon5ibdity is to read the other information and. in thn6 $0. Ct>nsider whether the other Infofmation is materially inconsistent with thefinanoal ateMents orour knowledge obtained irb the course of the audit Of otherwise appears to be materially misstaied. If we Identify such materlal inconsistencies or apparent maierial misstatements. we are required to deiemine whethef there is a mateTial misstatement in ihe finanual statements themselves. 11, based on the work we have performed, we conclude that there i5 a material misstsiement of thi5 Other information. we are required to report that lart. We have nothin8 io in this regaid. Opinions ffjher matters pre5uibed lry the Comp•rties Art 21x16 n our opinion, based on the work undertaken in the c¢wvst of the audii.. the informaiion given In the twee anrwal report for ihe financrdl year for which the financial staternents are prepared is consistent vlith the financial statement5.' ar the trustee5' annu31 report have been prÈpared in accordance th applicable legal reqU1Ments. Maiteys on whith w are requir1 to report by eXptIon In the light of the knowledBe and undetstandiry of the group and parent chèritable company and theirenvironment obtained in ¢hecourseof theaudit. we have not identified material misstatements ill Ithe strategic report orl the trustee5' annual report_ We ha¥e nothing to reFrt in respect of the following matters where the Companie5 Att 20)6 and the Ch3rities Act 2011 require us to report to you rf. in our opifiion_' the parent charrtable company has not kept adequate and sufficient accounting records. or returrns adequate for our audit have not been recei¥ed from branches nor visited by us.. or Ihe parent charitable Company s financial staterneTrts are not ifi agreerneni with the accounting lecords artd reiurns." or certain disclosures of trustees. remuneiation Specified by laware not made- or we have not received all the information and exanationS require for our audit," or thè trustee5 were not entitled to prepare the financial sratement5 in accordafbce with the srnall cotnpanie5 regirne take advantage of the small cornpanies exprnption in preparbng the Trustees, Annual Report and from preparing a strategic report. Poge 18
PARKSIOE SCHOOL TRUST AUDITORS REPORT Foft THe YEAR ENDEO 31 AUGUST 1021 Aespon5ibilities oltrustees As explained more fully in the trustee¥ ie5ponsil%"Iities staiemeni set out on page Ixl. the trustees Iwho are also the directors of the chariiable company for the purp05Ès af company lawl are responsible for the preparation OF the linantial statements and for beiAg Satisfied that they give a tnje and fair view. and for such Internal control as rhe irustees deiermine 15 ffiece$5ary lo enable the preparation of fiThanctal 5tatemellts thot are free from materièl misstatement, whether due to fraud or error. In preparing the finaftcial Statements, the trustees are respon51ble for assessing the group arsd parent charitable £omparyy's ability to continue as a goingconcern, disclosing, as applicable. mallers related ro80in8 roncern and usin8 Ehe going concern basis of accounting unle55 the Iru5tee5 either intend to liquidate the group or parent choni3ble Company or to cease Opera[n$. or have no realistic alternative but to do $0. Au¢litorf5 ReSPas1111ties for the audit of the financi ststements We have been appointed as auditor under the Companies Act 21J06 and section ISI of the Charitie5 A£t 2011 and report in accordarKe with I5 Acts. Our objerttves are to obta¢n fÈasonable assurance about whether Ihe hnan¢¥Èl statements as a whole are freE frorn material misstatement. whether due to fraud or error. and to issue an auditorfs report that includes our OSHnion. Reasonable assurance is a high level ol assurance. but 15 n¢t a guarantee that an audit conducted In accNd3nre with ISAS IiIKI will aaYS deiert a material mlsstaternent when Itexists MistatemÈnts tan arise fromfraud orerrorand arecon51dered rnatefial if. individually or in aggregate. they could reasonably be expette<l to influerKe the economic decssions of users tsken on ihe basis ol thest financial staiements. As part of an audit In accordance with I&As IUKI we exercise wofessional judgement and maintain professional sceptlC15m ihrouBhout ihe aydil. We also". Identify and a55e55 the risk5 01 maierial misstatemeni ol ihe financial 5taiement5. whethei due ro fraud or error. degn and pertorm audit prDcedures responsive to thDse risks. and obtasn audit evidence that Is suffitient 3rnd appropriate ro provide a basis for our opnion. The risk ol n(F¢ detectrng a matertal misstatement fe5ulting from fraud is highei than foi one resuliing frorn error. a5 fraud rnay involve collusion. forgery. intentional otnissions. misrepresentations. Dr the ove¢iide ol intemal control. Obiain an underst3ndinB of Interrtal contfol rele14ant io ihe audit in older to design audit procedures thai are appropriate in the circumstances. bvr nol for rhe purp05e5 of expressing an opinion on the eflerti¥eness ol the group and parent charitsble company's Internal control. E¥alu31e ihe appropriateness of aciountin8 policies used and the reasonableness of accOtIng e5timales and related distlosurÈs made by ihÈ trustees. pa 19
PARKSIDE SCIIOOL TRUST AUDITORS REPORT FOR ThE YEAR ENDED 31 AUGUST2021 Cofitludeon the appropriatenessol the trusteés. use of the 8oinB concern basis of accounting 4nd, based on the audii evidence obtained. wheiher a marerk)l uncertainty exists reliced ro events or corbdètlOllS that may cast significant doubt on the group and parent charitable oMpan5 aljility to continue as a goin8 concem. If we c¢)ntlvde that a rnaterial uncertainty exists. we are required to draw attention in our audiiorfs report to the related disclosure5 in the finafici statements or. if suth disdosures are inadequate. to modify our opinion. Our conclusions afe based on the audit ewdeTrce obièined up to the date of our aud1to¢5 Teport. However. Future ents or conditiorts may cause the group or pareni charitable company to CEa5e lo continue as a going concern. Evaluatetheovetall presentation. structure and contentof ihe financial Statements. incluéing the diKlosures, and whether finanoal staiements represent the underlying transaction5 and events in a mannerthat aclNe¥es fairpresenlath. Obtain sufficient appropriate audit QdenCe regardinR the financial infofmation of the eniblies or busines5 aciivities withirs the group to express an opinion on the consolidated rinancial SialentS. We a resk¥)n5iblt for the direttion. super¥ision and performonce of the 8roup audit. We remain solely responsible forour audii report. We eornmunitate wtth those charged with governaThce r4ardinL among other rnatter5, the planhed scope and timing of the audir and significanr audit findiry, induding any signrficant deficiencies in internal control that we identify during Ouf audit. Explanation as to what extent the audit was considered capable of detectih8 irregularities, includtn¢ fraud Irregularities. ivKluding fraud. are iDstsnces of non-comlance th laws and re8ulations. We de5¥n procedures io line with our respDnsits"lities. out11rd atjove. to detect matertal misstatements in respect of irretularitie5. including fravd. The extenttts which ourpro¢Eduresarecapable tsf de¢ettin8 irregularities. including fraud is detailed below. The oty'ective5 of our audbt in respett of fraud. are- to identify and assess risk5 of material mi55tatement of the firbancial statements due io fratsd,. to obtain 5uffKient appropriate audit evidence regarding the assessed risks of rnaterial misstaternent due to fraud. through designing and Implementing approp¥iate responses to those assessed risks,- and to fespond approwiately to instances olfraud 0¥ 5Uspectedfraud identified during the audit. However. the primary responsibility for the prevention and detection of fraj rests 1h boih management and those charged w¢th loveinance ol the charitable cOMnY. Our approach was as fdltsws". We obtained 3n understanding of the le8al and regulatory requirements applitable to the charitablecompanyand considered thatthe most sign&ficaTrrafe the Companie5 Act 21x16. the Charities Att 2011. Ihe Chaiity SORP. and UK finarKial reportine Standards as Issued by the Financial Reporting Council Paw 20
PARKSIOE SCHOOL TRUST AUOITORS REPORT FOR THE VÉAR ENDED 31 AUGUST 2021 We obtained an under5tandin8 of how the chantsble company complies with these reouirements by dbSCI1S5ion5 Wth manaeemEnt and those chai8ed with governance. We assessed the risk of maierial mi55tatement of the financial staiemenis. including the iisk of matEria1 misstatement due to fraud and how li m¢ght occur, by holding discussions with rnanagement and ihose charged th Éovernance. We in4uifed of manaeernent and those charged wr(h 8o¥ernance as to any known instances of non-compli3nce or 5U5pected norbrfornpliance 13ws and regulaiion5. Based on this understanding. we de5i8ned specific appropriaie audit procedures to identify instances of non<ompliance with law5 and reeulaiion5. This included making enquiries of management and those charKed wilh Rovernance a1 obtaining additional corroborative eTrridence as required. There are inherent limitations in the audit procedures described above We are less likely to become aware of instances of non-compliance with law5 anLI regulation5 that are not closety relared to events and transacin5 reflertetl in the financial statements. A150. the risk of not deteciing 3 rnaterial misstatetnerii due to Iraud is higher ihan ihe risk of not detectiryq one iesulting from error, a5 fraué may In¥0e deliberaie concealment by. for examplÈ. forgery or intentional misrepresentalions. or through collusion_ Use of ow report This report is made solely to the charirable compartvs members. as a body. in accorflance with Chaprei 3 of Part 16 of the Companies Act 2¢J16 and. in respect of ihe con501idaied financial staiements, to the charity's trusiees. as a boltr. in accordancewirh Chapter 3 of Part 8 of the charle5 Act 2011. Our audit work ha5 been undertaken 50 that we might state to the charitable company's rnembe¢s and trustees ih05e marters which we are required io state to ihem in an audirorfs report and for no other purpose. To the fullÈst extent pefmitte¢J by law. we do not accept or assume responsibility to èny party other than the tharirable company. the charitable company'5 members, as a body. and the charitvs trustees, as a body, for our audit work. for thi5 report. or for the opinion we have Formed. LL Neil Finlayson Isenior Statutory Auditor) For and on behalf ol Moore Kingston Smith LLP. Statulory Auditor Date.. 2 December 2021 DevonshirÈ Hous2 60 Goswell Road london ECIM 7AD Moore Kingsron Smith LLP is eligible ro act as auditor in iefms o15ection 1212 of the Companie5 Att P4 21
PARKSIOE SCHOOL TRUST CONSOLIOATED STATEMENTOF flN#J4¢tAL ACTMTES (incorporating the inetyme ar exrndilvte a¢¢otI lor tho yar¢nding 31 Awjvsi 2021 Unf•Strted nds 2021 Rtstrict•d Toral 2021 Tt)tal 2020 IIICOME FROII: 2021 Fo8$ fo¥abl8S Olher e Othor trading a¢ti¥its Hire of school lac1¢$ Bank Mrt•rnst rh)nati(¥ 3.414.$85 203.262 3.414,505 203,262 3.253.730 135.597 170.(63 44 278.684 170.IJ53 148.675 1.321 178.709 12J93 291.07T Total I1m• 4.079.021 3.718.032 EXPENDITURE OM.. Raisifig hNNIs Fir1• w8ts 8.T93 Char41able ewditure SdvJol opwatsng COSLS )..420 1996.430 3.,581 To1 expendlWf¢ 4.005223 3,817.241 Net ir¢¥ GI5 12J93 73.7•8 (992091 N•t ffto¥efflt lo fv•ds lor Ihe y4ar 11393 73.798 1992091 Ffftj traLle al I Septemtw 2W) 13.716 4.075.143 4.174.352 Fund balaThc¢5 at 31 IV51 2021 2&109 4.148.941 4.075.143 The iemenl rn0£1 aLie5 all 98wisand knsses vi th? yewarxj th2rdt¥ a staknwlof totsl reGNd 94in5 atvj kses has weparEd. Al olthe ab unIS kncoitrKMr¥J actsffts. The accompany)g fr pwlolthE fwrK?al Swrrthits. P4e 22
PARKSIDE SCHOOL TRUST CONSOLIDATED SCtIOOL BPLANCE SHEETS as •t 31 August 2021 Group 2021 Note 2020 2021 2020 FLXED ASSETS TarKJibk assets Investrnenl asse15 10 4319.468 4.354. 4,319.468 4,354,060 4.319.468 4.354.to 4319.469 4,354.061 CURRENT ASWS Debto Cash at bank and in h)J 12 815.026 955223 1,7711,249 827.923 606,316 1.434.239 807,302 786296 1.593.598 823.035 435208 1.258.243 CREDITORS: Amounts falling ¢JJe *itrAn
tar 13 {1.822J63} 11.622.928) 11.64&7131 11.446.933) 14ET CURRENT ILIABILITIESI I A8SErs 52.114 52.11 188.690 TOTAL ASSEYS LESS CURRENT LIABIUTIES 4267.354 4.165.371 4267.354 4.165,371 CREDITORS,. ArntyJnts tslliry due aikr ¥Thye" 14 {114A131 1902281 1118.4131 I.228) NET ASSErs 4.148,941 4.075.143 4.07S.143 FUNDS VNRESTRICTED FIJMDS.. Ge¢81 lund RESTRICTED FUNDS: OW Boy5 AsSOC4alion FurKI 15 4.122.832 4.061.427 4.122.832 4.061.427 15 2fj.109 13.716 26,109 13.716 TOTOL FUNDS 4.148.941 4.075.143 4.148.941 4,075.143 No separate SOFA has been pre5enled lor Ihe tharity a. as by Seckn 408 of Ihe C(Jmpani85 Act 2006 The Schwfs intne Ihe yèar wo5 £4.041.16212020." £3.695.EU41 and 5urFIu5 fy Ihe year was £73.79812020." defKltof .2091. Appro¥ed by the Bowd ofGa¥err5 of Pzrtsth TnJ51 2021 and autr)rsed for issue and signed on it5 beharty. Se>y-Ti4j ILL Ichgwmanl Company nufflbv.. 0667817 The accompanyirvj leS lorrn part of the fwwrial stalemen$. Pa9e 23
PARKSIDE HOoL TRUST CONSOLIDATED CASHFLOW STATEAIENT for the ar •nded 31 gust 2021 2021 2020 NET CASH FLOWS FROM OPERATIONS Nel cash prowded by opernthrKJ atiwlies 18 S02,497 196,027 CASH FLOWS FROM INVESTING ACTIVITIES Payments for lan9ible fixed asseL% In¥estrrnt ffto)me and bank interestiecw 1144M1} 1158,5051 1.321 Net cash prowded by4used inl fftvesiiry athrf 1144.7971 1157.1841 CASH FLOWS FROM FINANCING ACTr4mES Inte$1 pa 18.793} 17,Wl Nel cash byllused in) fng 18.7931 17.6601 Chan9e in cash and cash gquivalents in the r•portlng period 348.907 31.183 Cash aftd cash ¢quivol•nts at the begirthiThJ of the tsporting peviod 606J1fj 575.133 Cash and cash équivalents at end olthe reporttng poriod 955223 .316 Page 24
PARKSIDE SCHOOL TRLI$T NOTES TO THE FII4ANCWL STATEPAENTS tor tho y•ar•fided 31 Au911$12021 I ACCOUNTING P(LICIES The P8rfK8¥Je S¢h(Y InJSI is a by aThl d¢wi•J in Engknd wa tAilh regi4terÈd nurnber 1kn7817 aNJ chaw Trjrnber 0312041. 11$ iegstered offi¢e is The an¢Y. Sloke D'Ab. CLthrn. &Jrrey. KTI I ]PX 1.1 8ASts OF PREPARATK)N Thg 49151M?nts bn in Finanoal Slandard appkawe in UK and of Irekr¥J (FRS 1021 The Charitab Company s a benefit entity fty Ihe purposes cl FRS 102 a1 Charty aL%o wepared 115 51atements in accordartt wth the siai8Wt ol Recommorfed Practtr appli¢ab 10 chanbes IN%ir a¢courts in Fmanciai ResK¥Lry Snd31 apP1Kb In UK and Repu ol Ifel¥)d (The FRS 102 Charrts SORP). C(KnpaThe5 2( ano Ihe Chariti25 Aci 2011. The financial Slatemenls are prep in st. is lunEtK)nal uurpncy DI Ih? tharity. Mts)etary amwnts In these fih8fjci Sta0 are ThThJed to Ihe nearest These finanaal slHlerrents are wepared ¢Jn gC tra. uTrl¥ stOl c05t Ct)tyeNn Bs mcJifd by inve$trrwits vJ In aCC(xd¥e thtr CrynPan Aci arvj appltablts accwnbi)g $landaol$ in ihe KMwwn. ptwwal aciyJwlir¥J wAiciEs h have been congst8nty the y. we sei oLtI. Thè &rA)urts prt5enl ts WlSdKYaled 51atemenl actiwtie5 ISOFAI. crwlilaled rash tbw Sts1)ent and Ihe cordthied 8t1 thgrity sbb ihe cMsLIKlatson ol tt The SchoLI h85 L8k6n ol avaiiqbl8 to 8 qua&fy¥YJ entity In FRS 102 Irom the iequThneni to kYeS8ni a Charity 0 Cash Fk)w Stetemeni the C4xtsohdaied Fioan(Jal 1.2 G(YNG CONCERN Tho tyu51ees ha assessed use of ass[ appte in prepanng ttxse The tru51ee5 have fflade aSSE55ment in tEspecl to a perk?d ofone sear fr<xn th8 d¥iE ol of these [inaral sratemtyts The st$,3 ackn5 howe been irnped by the COVID-19 paThYerruc ¢ed be1¢e fv)wKial wei8 apwoved and the coibnuarKe ol e parvjern ha5 bRen taken •ikn accouni in the goin9 cwrn aSseSen1. The schwl is tpeThJwl i)1 students apptyry to il aryl rm parent5 pay Ihwr fs. lj ietT forra5ting of StnI nuthrs dthcuK PAJI yk continues to raise the kKolle ot ihe 5CtKJol and io ffltaln and eth3r reL4th1)S wth IpEder sdKK4s arKY rrfusen85 and desbnabon hLKl$. Thp 9ovtrrwrs have ¢(rtiwJBd there a maiwial uncertain5 rted to evw15 or corwJitiQnS trol may casi the aDth"tyolthe sCfKY to effiiinue as a yowwJ concern. As SCWI can tyct lo t ab to meei 115 as IhBy 1811 due in the perKwJ DI al le851 12 nKnths the dat8 ol aFro ol these accomts. HcAEver. can be rKJ certainty in feiabon to mattws. OTr basis Ihe Go4errm have that tr Schxl a gr cortrrn The finawal siaiomen15 do rK)I Ine any &aw5knentS ihai f8SLII fvom the SCh(X be¥ty atrAe b meet rts abbibes as Ihey fam d. Pag¢ 25
PtsRKSIDE SCHIXIL TRUST NOTES TO THE FINANCIAL STATEAIENTS tor th• ysar •ndod 31 August 2021 1.3 COWANY LIMITED BY GUARANTEE The Chartab comY is limrteo by guaranthe. nt of tile thartaL4e company 7Ar¥JThl UP the alIty m respect rl gUae Is 10 £1 w Nmtorot thg thanty. 1.4 IPLOME RECCENITION in¢rnirg res(NJr¢es ate indvJ•J in &atwnent of ActiYth$ ISOFAI vilw tht chtY is ented to kne irrn any have been mel the arrwt can be mBasured rE8ya il i8 PDtot4e thatlhe irxxffie be reced. In1 on fvJ heJ on deFo4 r& retsrrfable aTrY th8 c4h (ale0 rdiaw by tr Charily, tli5 &s rl thè nileI paKI orpayaNe by Ihe Bank. Sclwl F•a$ arg rqcogrn5ed thin ¥orne tsy bBoyne t1. Fe8s are chaw on a tyrmty In accdan ilh Lh¢ Chanls SORP IFRS 1021. the gewal tmne of Ihe Fr * not rewni58I R8tsr to Tru$180S' Iwrt I¢ mrKe nformabjn alxxrt IrKorne reco¥Fable 10 thler Gill or deth of covtnanl ¢5 recc¥Jrnsed at th• brr ofW#l. 1.5 DONAM t)onatiors re5trKted tythe ishe5 LYthE ktm5 of an aK)ptsl are tsken to restythJ fuTh1s. 1.6 EXPENDITURE EwerltUre accounled accnth bass aTrJ h8¥ betn Classrf Uer head9$ that egats 1 ¢ts rewed the categ>y. Eyn(Jrture reCOgned tre is a W or cortnJcknve obl9aiwJn lo make payen15 lo Ihird pariÈS. it prob8bl¢ Ihat the 5eidem&il be requited arLd the amw)t ofthe otAgotw <an te rdvaL4y. Eywthrp s ¢aiegorL88d ur¥Jer Expenthiure on aclp4the5. I1jeS * ¢c6ts wjrfod thi furthwing owts of thg Charity. antl HxIL1e yoect m8nagemeM CarrdO al the SLpx4 Charitable xbwlie5 arKJ G¢)¥emae C15 aTr LYJ5b Chanty$ eOu¢atity)81 opwall$. indudyw Sur costs ar¥J f the gomance costs Ifxwrpd on the ChaciV5 edUCanal 1rj u)sts iekt¥¥J to w4efflan¢e oi Chaiity apporfity)ed to charitae ¥tMties. Rentsts urthr operng &505 are CW a l)asis the fftrm ol Ihe ase. even if the p8ym8rd5 ale made a b8sk4. aenefits recwed rnCENa142 ay Èn incenbve to swJii an op2rèlWB l&rysÈ are SimidY 5preJ w a str8wrt-tine 153s over the kn52 term. 1.7 FLVIO AccNTING Al we fLd$ thch we avble ftq Ltse at the disue1tr the Iwsiees In FuthèrarKe ol the yeral tybves of thtr charity Oesw3n•ed fLV)ds are unrestrthd I5 r expen<knJre inposed by Ihe dor Page 26
PARKSIDE SCHOOL TRUST NOTES TO THE FINANCiAL STATEMENTS for th• year ended 31 August 2021 1.8 FIXED ASSETS AND DEPRECIATIThN A¥ fixed assets us8d in threci lupfrw ol ts s(hx4's otL"s. 8ssei$ aty inded in these financial ai trjin81 u¥51 knss deFveria acCuMal9 impairffent bss8S YO¥d ¢Jate. Oewpcialh?n wow¢d L¥) ai t8r¥Jde assets. fr8eho tsThJ. 81 rnies Ca01ed 10 WTite off the cosis ss 8S1imaie¢J SjaI YahJe ol each a59el. by ewal anThJ4 inswmenls. over ih•r 8xp8ci•J usetul Irdes are CWSAred to be.. FreehLJ prLVEty 2% PEr kne b Prokrty Impr(Nerts 10 20% rer •)num thi a straigN fire bas Mr Velxcs 25% anwm a stra1 b Fuinilurp. FIlg5 aTr beNen 3 aNI 10 a 5trnwJht Ie basr Equpmeni Spc•ts &Jrface IT Equil1 Cw Park 10% pw anNm tyi a Sts•3hl Iw*t)aSi5 33.3% afirn on a stral linp ba5r IO% tv uffl on a stsawjhl t 1.10 PENSIONS Th8 th8riy coiirtvJtes to the Twhers. PeTrshw Oethed Benefts al rates Sel by Il Stherne £tU8ry and advi%d to the Board by the Scheme AdmiThstrats The stheme s a munemPlOYer s¢heme and il is not to wJÈntity th8 asts I01tiW ol In8 $ttm&. whh ar? aItrthwe to the SL4thl Mi acttvsJ•)ce FRS 102. The sctsTre is acuwntso as a Oefin8d jrtributian 5cl¢nE. The 8ts0 ps H18 OefineLI ¢mt(ik)r1 scheme lor As nofvteaching slafl 1_11 INVESTMENTS The charity has inY•strnerts IbsIE(l aid un151Ed eow. Investrrwts afE ¥atj in the banCe eet at 1r mksrnarkd Valut at Iht balarte slei ¢J•t6. Inveskneni maThè9ameni c¢sts arrounied lur as in¢¥Jentsi costs of fv XqU191ion ly thwsal where transaciKTrOas8d. ioyeslment IrKorne manag8merti ¢¢¥5ts are chwgeLI a5 evrrture of the rele¥art uicome lth)Os. All gains a)d ¥S8S are keft kn kne Snwidf as Ilw aw. 1.12 CASH AND CASH EQUIVALENTS Cash ar¥J cash equivgnls wlude cash In dewLS hebj at c1 banks. other sht¥1.ieim nShl15 4ih rDalthiE501 1kn rrK)nih5 or 5&. 1.13 FINANCIAL INsTRuTrNrS The u)mDany has eIe1 10 of Sgckn 11 Bogc FIrr11 Ir6trurnen15' and Seciwx 12'0ther FinaroJ In51nhmenis Issues. ol FRS 102 to al ol its Inslruments. F¢nanaal inrumS are reccsnLsed the compan¥s balarKe Sheet then kne u)mpany beccrnEs party to lh2 coniracw&31 wowsions ol the Instrurvnnt. FiDart¥a are ofli, ¥4ilh oei aTmunts preserrteil in finan0 5wmÈnts. Ihe a Wly enforteatAe rwJht 10 set olt the ¢09rsed amwnts and thue 15 an tr) $eAlk a n# ba to 8Se fv as8ei and setue the liabty rusty. consKlerd its be tsas fN)arfk81 inyrwnents thjer FRS 102. See rA5 12. 13 14 for the debtor anocrwjitor nole5. 1.14 TAXATION The b5 0 ¢harity aThJ Irrm as afforded by secti YJ5 TA 1988. 1.15 EMPLOYEE BENEFITS The costs ol sl)rt-lerm ery)k> ber*fits are wnised as a hbth.ty and an eXr Page 27
PARK510E SCHOOL TRUST NOTES TO THE FIN14Ci4L STATE¥eNTS ror th• year ended 31 August 2021 1.16 STOCK SI0¢ i% YUe 81 thrtr0fcl and r1 vaua. arwrnthr¥J alkywarKe k¥ and (rw movry ftems. 1.17 VAT The S¢hoLq is te9191er•J Mdpd Tax. Wl epuKIkn• 15 therEfore ¥) ts expensè heaOing5 iowthKh il rei3les. ol MdÈd Tax 2 KEY ESTIMATES & JUDGEkEMrs In of t>)wWs aCln¥ WKias. ts Boaid $ fflak• wdynents. o51imate5 #nd asSwnpl¥)r abjul atrw)Jnl of 88ts aid h"ablibgs that are rea¢lity exFrience fa¢kn that tte t1£d b be rtvani. ALI resuls nw frrm Ihe5e eslinate5. The 88rma(8s 355untts am ¢TrwrwJ bas¢s. R8vsvJns to 8cwunti1g esknales are reCowed ID the in IhE rFMsed. rf the I8vist affe¢15 fxily thai . or the penoj of the and [J$ rf the rwdiwjn allt5 01r1 and lutu In I opinty ofthE Board ol Gov). the eskn8s 8SWmPS tAch have a rfsk ov ca8¥d a mana 8tystyneni to amuntofas5ets arKY liMffibe$ 8fe ouV#ned bel)w. Cd11¢¥lil0mOTh The 8nr¥J81 ¢Jewewbthl ¢8rge wrsrty. and ewni is chwes in O estimated uselul and Values of the as5. The ecor tives •rMJ phys1 Ctsid¢ ol the assets. See Thye 15 fot the Catsyry am1 ot rn. pt an Th8 Ccthpary makes an osbfflate oflht ¥alL of detrtors asseswg impairment ol Irale ther¢JeL)ts. manageffiwi Coj8r$ laciors I1r¥ the current rdtin9 ol the debtur. tho agffj ol debt5 hisrtytal ewi. Se8 15 Ihe npl rairyi amunt ol ihe debttys 8ThY S55441d wwisith). In prepafww fiwcral it to mako rtain judgBm2n15. E5bmaS and assumpiy)ns thai affeu the rwni5ed ki statenwts. Th2 IL4k> jUeMen and estimate5 are by th8 trustses b hav8 most eflea on om¢xJnts rwnised in Page 28
PARKSIOE SCHOOL TRUST NOTES TO TFIE FINANCIAL STATEMENTS fDf the or en¢ed 31 Avg¥St 2021 2021 To1 2020 Tclal SCHI)OL FEES Tha Schools. f99 In¢on ¢onwiswI: G$$ fees Less. TO tr¥Jrsas. assisied pLxs arKI al(Marv5 3.654.862 1240.2771 3.728.613 1474.8631 Total 3.414.585 3.253.730 2021 Ttst•l 2W20 Totsi OTHER INCOIIE Other incorne.. Regsstration f*s PuF45 distwJrgements )d Other 8.698 28.405 166,159 18.799 109.898 Totsl 135.597 2Q21 Total 2020 Total OTHER TRA0114G A¢TIVrnE$ Olhor trailin9 a¢tivitits'. Hw8 ofs¢WI latilibes Propety rental Tradino IfT 18.823 49.030 eo.822 105.113 Total 170,053 148.675 2021 Totsl 2020 Tlxal INIESTAIENT INCOME Investsnent income.. Inter8S1 r6ctrw8d on barkl d4w)SAs 1.321 Total 1.321 GRApifs AND DONATIONS 2021 2020 Total Toki D0•8tions". F8m5¥Jè TtU51 (res Is) Cxher Pm5 Assocralkx Kkmbwsl4p Fee5 Iresirrt8d F4rerts ol P3rtSide Go¥efflmenl Furhx4h scherre Toial 3.493 13298 8.9LX) 10.183 255,203 291.077 1.160 13.716 1.798 162.035 178.709 Page 29
PARKSIOE SCHOOL TRUST NOTES TO THE F1CIAL sTATENTs lor Ihe yearended 31 August 2021 ExpeNDITilItE Total 2021 Slaff costs Isoe note 91 Oibor ¢osts Oeweclatlon ¢08ts of oenerkn9 lynd5: Finm 4 Jtherco 8.193 8.T93 8.793 8.793 Chathabl¢ expndth4re.' 75.176 118.292 203,614 649.849 284.C61 22276 1.J5J.269 1,2.[1 75.176 2.162.$50 X)3.614 1.O)1.062 531.752 22.276 3.996,430 Ttachm 2.030.523 13.735 Ple$ 185.515 247.691 16S. 2.463.729 179.433 Total 2.463.729 179.43) 4.5,223 Totsl 2020 Chadtable •xp•nthbfft: Pubkniy 65.959 2.098.448 172.288 934.955 518.561 19.370 3.809.$81 I.%.7T2 93.941 172288 514.077 281238 19J70 .146.873 13.ns Wdfare émiJ8S t81.69) 237 3rJ 239228 2.409.745 252.*3 Tolal 2.4109.745 7.154.533 252. 3.817.241 Tolal T81 2020 Athl tees. Schor4 Aulil lees. Llnd8f4ovwl provisH>) 5er¥Kes 14276 13.170 1.650 15801 1.320 18,546 Page 30
PARKSIDE SCHOOL TRVST NOTES TO THE FINCIAL STATEMEMTS fDr the year AnJ•d 31 A951 2021 STAFF COSTS Tothl 21 To1 2020 Total staff ¢05ts compris•d.. Wages and salBries Sotial sea1$ costs Defi Benefit Pert5 tonlitKrtw Defid Conthbutw)n i.W,426 163.503 259.443 57,601 O,J43 1.964.471 189.948 258,841 61,6OJ 8.$42 Cxher slaHcos 2.535.315 2.483.40S The a¥er&Je monlhty numbRr ofernphws ra$ 2021 49 14 53 leath9 Th8 number ol efflployees emckn)8nts8rtKM)bJ lovr £60.(#Y) K) >wr iYa5 as IBItr.. 2021 2020 E 90.(X11 . £ I.(10 thè head the tsJI. Aotyegate empk)se8 ben8fits of kay mwnert pw$ne1 274.461 228,500 JtsrwJ he yw E16.14012020.. t5.0) a5 pawntnts. r slaN<y)sS represent the¢t (4 thrtwg n¥4 stsff. If8fftiNJ tr)StS8IxJ tyl feBts pulainA 108Mpk)enl adv8. No members ol the ol GrNerS reced IY rewntxwff¢nts of ewwses in the r¥rrerrt or predYg year. P¥Je 31
PARKsioe SCHQOL TRUST
P40TES TO THE F1P11C[AL sTATENTs
tor year onded 31 August 2021
STAFF COSTS l¢Mlin)
PENSQM SCHEMe$
The &hwl partX4iatsS n the TeacFr3' P•hyt Stheme TPS"} for its t•a¢hty siaif. The kns
charg? for the 5ar i1eS parab b the TPS (rf £259.443 12020." £258.8411 ai tht
.eThY £29.38612020. £nil wa3 in W 01c4biLrt#s to thrs SL¥me.
P¢nsKJn5 2010 las amTrYedl TeacW' Persxsn Scheme RegulatnS 2014 las
ndedl. MbS ro71njte on a "pay a5 )(xt go" ba>5 wn11)rE Irom members and IhB
employer baw ¢redited to Ihe Eyxwr. RefyIen1 heffits are pa1 by publ
hjnds wo¥hled by Padv•1)l.
The enwloser C(lbUon ratg is sel by ts Secrwary of foloffjTrJ sch2rne valuat)s dertaKeN
the Go¥emIent Departs( The ttvJ5t refti k
PARKSIDE SCHOOL TRUST MOTÈS TO THE FINANCWL STATEMEPITS lor lh ye¥ eMJ•d 31 August 2021 10 YANGIOLE FED ASSETS Frn•hold euildin9s & Group & School IAottsr Vehkles Park 74)tal VVLbJn As ai 1 Sep¢8mDer 2010 5.773.114 173.113 121.7611 6.W1 I,J79.979 134.6421 128.840 514.936 7.841.142 156.4rffji 144.841 Aklilknns In yeat As at )1 AugWSt 202t 5.7T3.114 157.350 1.444.177 514.936 7.929.577 DeprpGialKrfTr As 31 i Septenkn¥ 2020 DPosS ChargB fty ar 1.939.876 119.634 I21.7) 23.494 1.114.613 3,487.082 134.6421 156.4061 39.rmo 97.256 179,43J 1.177.217 273.159 3.610.109 312.899 97.723 As al 31 Au9USt 2021 121.264 N•1 value As al 31 Au9llSt 2Q21 3 735 515 306.890 241.117T 4.J15.466 As 3131 W)3) 3.833.238 53.479 202.037 4.3y.(o A fixed elwge on WOFerty h wdnied LO the IJ• a5 serA7ffly ILY oVeft laclibes (ZO. Overtrdfl laoh"l 11 UNLkSTED114VESTMEFIYS Group sch SthDr4 21 2020 Interesi in sub5Kxy Totsi The 5chwl 1swr6 100% 01 PartsNYe SdKY Tr&Jw Ctynparry LiN¥led. regt5tere¢J in England a Wal8S numbei 09441239 lNch WO¥iOes rental [hL io arnl other grrw. 11$ I¥x8tit ale ¢joTh• gill awj SC Ils IradKs slI$. erthd accwnts w." 2021 2Q20 Turn¢y48r (rfsales 105.113 33.B54 .822 71.259 4.rx)5 62,7 4.573 PéJmifu$%raih>l operarg pro¢K 57.254 58.394 Gth ¢Jon*n to Ihe 5thuL4 67.254 Nel fvofil TaNalion RelaMed wofil the year P¥33
PARKSIOE SCHOOL TrUST NOTES TO TIIE FWANCL•L $TATÉMENYS lor lh¢ yoar ended 31 AugU5I2021 11 1114LISTED wvesTMENTS (Conto7 BALANCE SHEET 20 tbk)rs Cash at trnk CrediiNs Nèt assets 83.997 158.927 252.3 121.053 171.108 292.160 SharewiBI 12 DEB71Nt$ 21121 Outsiathw te85 70t.555 710.478 1(M).407 17.038 B27.923 71J8.55S 90.919 7.828 710.470 95.519 17.038 823.035 7.12B 815.026 13 CREDITORS.. 4knwllhSr one year 2021 CrJiic*d 5,741 82.221 1.3J3.3ZS 181.171 6.592 91.W 1.LWI.108 104.525 5.741 62221 1303.325 173.$56 0.100 43.983 6.592 91.ts4 1.087.108 96.865 10. Fees IDAdvae F8e DepML8 PAYE & NIC ire Purch85e 29.316 262.941 11.831 29,386 17,64 76273 11.831 20. 116.165 Dolerred Iorne Intercompw 1.622.928 1.645.713 1.446.933 uso Jn F•ts 2021 2020
alarets as at T Sepknbel
Arn(1 teleased b ¢£ Amounldeferred in 15.31NI 163,7QQl 21.341 223.783 35.516 Ilfj,S161 20.800 120,8QOI 17.640 122.517 8?nCES as al 31 A 262.941 17.640 Page 34
PRKSIDE $CHOOL TRU5Y NOTES TO THE FiIIAN¢IAL STATEMEIITS for th¢ y¢af endéd 31 August 2021 14 CREDITIXS." d¥• y•ar Group 1021 2020 Hife P¢ha$k Fee depJssts 14229 19.737 70.491 9J.228 14.229 19.737 70.491 90.228 118.413 118AIJ SCHIJOL FEE DEPOSITS 2Q21 8,Ivo iJ,ooo 91.184 112,284 io. 17.300 S3.191 8Q.991 1 . 2 Ir5." Tts dl 2. $al5. HIRE PURCHASE 2020 5.9)6 x[s481.2e due 2. 5 trr5". 14.229 25.Z45 Page 35
PARKSIt)E SCHOOL TRLIST NOTES TO THE FIF4ANCIAL STATEIENTS lorthè yeartrbdod 31 Auwst YJ21 15 STATEMENT OF FUNDS A¢ 31 •dwJu5t 21 4.rffji.427 4.(M.&28 14.(XJ52231 4.122.832 ResbiL•J fimth." 13.716 22.616 3.493 Tiu 3.493 4.075.143 4.079n21 14.LK152231 4.148.941 A131 kngU51 2020 2019 Gene1 r•seTh 4.174. 14.207.262) 4.035096 4.174.352 4.IABffjO8 (4.207.2tr21 4.035.898 31 gust 20Z1 4.C61.427 4..628 4.122033 13.716 22.616 3.493 F8rrysNl8 Tr1 3.493 TotsifthJ¥ 4 ts75.143 4.079.021 14.C115.2231 4.148.Y42 A131 &guSt 2020 2019 4.174.352 4.LW. 14.207.262} 4.035.899 ToWfwvJs 4.174.352 4.LW.808 14.Z07.262} 4.03S.899 Page 36
AFIKSIDE SCHOOL TRUST NOTES TO THE FINCIAL STATEMENTS tor th• y••r •nd•d 31 Augu&¢ 2021 16 ANALY515 OF NET ASSETS BETWEEN FUIIDS aup 2021 GJP 2020 Scho Z021 Scho 2020 Taryt)le Ie0 aets Investments assets Cu[Tw kèb4ilie$ Lono term liabililN 4.319,468 4.354.rffjo 4.J19A68 4.354.060 I.TT0249 1.43•.239 11.622.36Jl 11.622.938) 118.413 .128 1.593,598 11.645,71J 1258.243 (1.446.933> Tor81 t&s$8t% 4.148.941 4.075.142 4.075.142 rqslrKtBd lund5 01 £26.10912020" É13.7161 ale aKrent assets. Tho feprnsenl kne a tathiof E22.61612D20." £13.715} re$8knw £ifd] AssociatKJ71rtebn membershy that Day the 9¢WI. Tr amounls tty ¢utr¥nl thJiThned we 151 swmber 2019 ** Klbdities Ihe arOnl% knc41nts rnceNed after da e ffecognwd on as membershi) IEe Is Orndat. Tr affwnL8 penthtu. rtymainwvJ ance d the rtslrted lundsal £3.493 12020". wesw4s arrwxts dty)altd Ic Ihe 'FernsNle TrusVdwu¥J h tÉh tx[)L1 srTr>)l. TtrA JU5 are hetyj lu lees of kwhls wfv) meth SW teftn off harOshipwuB5. Tire is vjrrontyrxi p[ned EXPBtKklwe 17 RECONCLIATION OF NCOMWG RESOURCE5 TO NET INFLcf•Y FROkl OPERATIOWS 2021 2020 Net incanwThJ re¥#$ pre7 tharyos n.798 179N33 12,897 227,620 1441 ,793 I209} 252.3 3J.839 12,095 lrffe¥4de¢a$e) w) ctEtli)rs Bank tetswej Bank IrWeSi paKI 196.037 18 RELAYÈD PARTY TRAJISACTIONS Durity v yEaf. Ihe chargtyj 1.025 I20. £25.8681 ID par sChrA Ttadiry Company Limiied Irx ts proW5AOI S£ premises aft. PathpAde TraJ¥J Ctynpany Lwnitwj made a gift d IfE ¢JutwKJ of E67.254 120>J £58.3941. Thg 5(1x owed £76.273 12020. £116.)651 Ihe Tradw CArwny31 ALyuSi 3021. P?ge 37