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 #274 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 fcubbles'. hand hygiene sysrems. increased lessons outside acr055all subiecES, a dailyafternoon reading se55ion after lunch and thÈ intrtyduction of wellbÈin8 walk5. The remoie learning systems remained and were luriher enharrfed increased opportunities for boys ro interact socially with each other. Parent5 were 4150 6Nen opportunities to enBage with the School I￿ coffee mornirsEs, 5pon50red activittes. fundraising eYent5 eti. A rburnber of dedicated Friday half days were introduced io allow 'family learning lime, oi practbcal learnin& opportunitie5 for ihe boys- to encourage time away frorn the screen. Acrivitie5 inclvded building Ouiside den5. designing nd buildin& Cooki￿ a 3-cour5e family rneal eic. 'More Green. Less Screen, was prornoted throuKhout the school ¢Surin£ remote learnin8 and when the children ￿tUrn￿d to School. This all coTrrinued io build on the rigorous and excellent acadernir curriculum offered. Year 8 pupils continued to prepa￿ lor their scholarship examsand Common Entrance with resoundin8 succe55 lor all boys. The new Parents of Park5ide IPOPI group has been 5ucce55ful and includes parents from all year group5 throughoutthe School. fvndrèisineevents had to betancelled dueto COVID restrictions. bui all plans were rescheduled lor rhe following academic year. A new Outdoor Classroom was builtwirh supportfrom parentsand a 5econdScience Lab. part funded by the POP, and a Vegetable/Kitchen gartlen were all created ready for Sepiember 2021. The follo￿n& event5 have taken place thi5 year.. AUTUMN 2020 Back to School Pbtftic Meer the TeacheT Meetings Year l Trip to Bocketts Farm Parent5. Coffee Morning5 lor Nursery. Pre Prep and Prep Ull Foothall Tournament U13 Football Surrey Cup Prep Parents Evenings Intefview Skills Workshop wirh Charlie Sparrow. Charterhouse Reception Parents- Supporting Reading and Writing Science Inforrnar¢on MeeEing lor Y6-8 Parenls U8 Cranmore Tournament 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 KI￿S￿00d 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 chr￿tmaS 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 Janua￿5 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 ENDED3lAUGu￿Zo11 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 Conf￿rM 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 eS￿blIShed in 1879 whith. follown8 s￿er31 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 therefo￿￿5 nD shère ¢apital.The liability of each membei is lirnited to a 5urn nct exreeding El the winding up of the company. Cha¢ital￿e 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 e￿￿enCe of good behawour. The School operates no religious restrictions aThd there 15 no geographical re5rriction. In piactice. pupils ai the kh￿1 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 PU￿lS and Èxpects all staff and volutsteers to share this comrnitrnent. Schoof5 Aims To creare a happy. safe arKI nurturin8 e{mr￿Ment." 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 opportunit￿5 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 organisat￿5 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 K0peforrewardingexcelle￿e. Delivery of the SC1K￿l'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 7￿￿eeTla[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 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 pu￿LS 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.. 93￿nts 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, Cou￿edWIth 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, raIs￿g 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 re￿tWIn8 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 teach*ng 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 con￿11*￿ 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 acco￿ting 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 w￿1 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 inc11￿1Th1 the strategK report was apwoved and a￿hOrISed 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 reqU1￿Ments. Maiteys on whith w* are requir*1 to report by eX￿ptIon 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 reF￿rt 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 ex￿anationS 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 $0. Au¢litorf5 ReSPa￿s1￿111ties for the audit of the financi￿ ststements We have been appointed as auditor under the Companies Act 21J06 and section ISI of the Charitie5 A£t 2011 and report in accordarKe with I￿5* Acts. Our objerttves are to obta¢n fÈasonable assurance about whether Ihe hnan¢¥Èl statements as a whole are freE frorn material misstatement. whether due to fraud or error. and to issue an auditorfs report that includes our OSHnion. Reasonable assurance is a high level ol assurance. but 15 n¢t a guarantee that an audit conducted In accNd3nre with ISAS IiIKI will a￿aYS deiert a material mlsstaternent when Itexists Mis*tatemÈnts tan arise fromfraud orerrorand arecon51dered rnatefial if. individually or in aggregate. they could reasonably be expettetar 13 {1.822J63} 11.622.928) 11.64&7131 11.446.933) 14ET CURRENT ILIABILITIESI I A8SErs 52.114 52.11 188.690 TOTAL ASSEYS LESS CURRENT LIABIUTIES 4267.354 4.165.371 4267.354 4.165,371 CREDITORS,. ArntyJnts tslliry due aikr ¥Thye" 14 {114A131 1902281 1118.4131 I￿.228) NET ASSErs 4.148,941 4.075.143 4.07S.143 FUNDS VNRESTRICTED FIJMDS.. Ge￿¢81 lund RESTRICTED FUNDS: OW Boy5 AsSOC4alion FurKI 15 4.122.832 4.061.427 4.122.832 4.061.427 15 2fj.109 13.716 26,109 13.716 TOTOL FUNDS 4.148.941 4.075.143 4.148.941 4,075.143 No separate SOFA has been pre5enled lor Ihe tharity a￿￿. as by Seckn 408 of Ihe C(Jmpani85 Act 2006 The Schwfs int￿ne ￿ Ihe yèar wo5 £4.041.16212020." £3.695.EU41 and 5urFIu5 fy Ihe year was £73.79812020." defKltof ￿.2091. Appro¥ed by the Bowd ofGa¥err￿5 of Pzrtsth TnJ51 2021 and autr)rsed for issue and signed on it5 beharty. Se>y-Ti4￿j ILL Ichgwmanl Company nufflbv.. 0667817 The accompanyirvj ￿leS lorrn part of the fwwrial stalemen$. 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¥estrr*nt 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￿$1 pa 18.793} 17,Wl Nel cash byllused in) f￿￿ng 18.7931 17.6601 Chan9e in cash and cash gquivalents in the r•portlng period 348.907 31.183 Cash aftd cash ¢quivol•nts at the begirthiThJ of the tsporting peviod 606J1fj 575.133 Cash and cash équivalents at end olthe reporttng poriod 955223 .316 Page 24 PARKSIDE SCHOOL TRLI$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 ￿￿￿4915￿1￿M?nts b*n 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 a￿1 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 S￿nd3￿1 apP1K*b￿ In UK and Repu￿￿ ol Ifel¥)d (The FRS 102 Charrt*s 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* Sta￿0￿ are ThThJed to Ihe nearest These finanaal slHlerrents are wepared ¢Jn gC￿ tra￿. uTrl¥ ￿stO￿l c05t Ct)tyeN*n Bs mc*Jif*d by inve$trrwits *vJ In aCC(xd¥￿e thtr CrynPan￿ Aci arvj appltablts accwnbi)g $landaol$ in ihe KMw*wn. ptwwal aciyJwlir¥J wAiciEs h have been congst8nty the y. we sei oL*t*￿I. Thè &rA)urts prt5enl ts WlSdKYaled 51atemenl actiwtie5 ISOFAI. cr*wlilaled rash tbw Sts1￿)ent and Ihe cor*dthied 8t￿1 thgrity sb*b 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￿[*￿ app￿￿te in prepanng ttxse The tru51ee5 have fflade aSSE55ment in tEspecl to a perk?d ofone sear fry. Eyn(Jrture reCOgn￿ed tr￿e is a W or cor*tnJcknve obl9aiwJn lo make pay￿en15 lo Ihird pariÈS. it prob8bl¢ Ihat the 5eidem&il be requited arLd the amw)t ofthe otAgotw ￿ ber*fits are wnised as a hbth.ty and an eX￿r Page 27 PARK510E SCHOOL TRUST NOTES TO THE FIN*14Ci4L STATE¥eNTS ror th• year ended 31 August 2021 1.16 STOCK SI0¢* i% Y￿Ue￿ 81 thrtr0fcl￿ and r*1 vaua. arwrnthr¥J ￿ alkywarKe k¥ and (rw movry ftems. 1.17 VAT The S¢hoLq is te9191er•J Mdpd Tax. Wl e*puKIkn• 15 therEfore ¥) ts expensè heaOing5 iowthKh il rei3les. ol MdÈd Tax 2 KEY ESTIMATES & JUDGEkEMrs In of ￿ t>)wWs aCl￿n￿¥ WKias. ts Boaid $ fflak• wdynents. o51imate5 #nd asSwnpl¥)r￿ abjul atrw)Jnl of *88ts aid h"ablibgs that are rea¢lity exF*rience fa¢kn that tte t￿*1*£d b be rt*vani. AL**I resuls nw frrm Ihe5e eslinate5. The 88rma(8s 355unt**ts am ¢TrwrwJ bas¢s. R8vsvJns to 8cwunti1g esknales are reCow￿ed ID the in IhE rFMsed. rf the I8vist￿ affe¢15 fxily thai . or ￿ the penoj of the and [￿J$ rf the rwdiwjn all￿t5 01r￿1 and lutu In I￿ opinty￿ ofthE Board ol Gov￿)￿. the eskn8*s 8SWmP￿S *tAch have a rfsk ov ca￿8￿¥d a ma*na 8tystyneni to amuntofas5ets arKY li*Mffibe$ 8fe ouV#ned bel)w. Cd11¢¥li￿l0*mOTh The 8nr¥J81 ¢Jewewbthl ¢*8rge wrs*rty. and ew*ni is chwes in O estimated uselul and Values of the as￿5. The ecor￿￿ tives •rMJ phys￿1 Ctsid*¢￿ ol the assets. See Thye 15 fot the Catsyry am￿1 ot rn. p￿￿t an Th8 Ccthpary makes an osbfflate oflht ¥alL* of detrtors asseswg impairment ol Irale ther¢JeL*)ts. manageffiwi Co￿￿j8r$ laciors I￿￿1r¥ the current rdtin9 ol the debtur. tho ag*ffj ol debt￿5 hisrtytal ewi￿. Se8 15 Ihe npl rairyi amunt ol ihe debttys 8ThY S55￿441￿d wwisith). In prepafww fiwcral it to mako ￿rtain judgBm2n15. E5bma￿S and assumpiy)ns thai affeu the rwni5ed ki statenwts. Th2 IL4k>*￿￿ jU￿eMen 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 To￿1 2020 Tclal SCHI)OL FEES Tha Schools. f99 In¢on* ¢onwiswI: G￿$$ fees Less. TO￿ tr¥Jrsa￿s. assisied pL*xs 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 If￿￿T 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￿￿ I￿s) 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 F￿1￿CIAL sTATE￿NTs lor Ihe yearended 31 August 2021 ExpeNDITilItE Total 2021 Slaff costs Isoe note 91 Oibor ¢osts Oeweclatlon ¢08ts of oener*kn9 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.$50 X)3.614 1.O)1.062 531.752 22.276 3.996,430 Ttachm 2.030.523 13.735 Pl￿￿e$ 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.$81 I.%￿.7T2 93.941 172288 514.077 281238 19J70 .146.873 13.ns Wdfare *émiJ8S t81.69) 237 3rJ 239228 2.409.745 252.*3 Tolal 2.4109.745 7.154.533 252. 3.817.241 Tolal T￿81 2020 Athl tees. Schor4 Aulil lees. Llnd8f4ovwl provisH>) 5er¥Kes 14276 13.170 1.650 15801 1.320 18,546 Page 30 PARKSIDE SCHOOL TRVST NOTES TO THE FIN￿CIAL STATEMEMTS fDr the year An*J•d 31 A￿9￿51 2021 STAFF COSTS Tothl 21 To￿1 2020 Total staff ¢05ts compris•d.. Wages and salBries Sotial sea￿1*$ costs Defi￿ Benefit Pert5￿ tonlitKrtw Defi￿d Conthbutw)n i.W,426 163.503 259.443 57,601 O,J43 1.964.471 189.948 258,841 61,6OJ 8.$42 Cxher slaHcos 2.535.315 2.483.40S The a¥er&Je monlhty numbRr ofernphws ￿r￿a$ 2021 49 14 53 leath￿9 Th8 number ol efflployees emckn)8nts8rtKM*)bJ lov￿r £60.(#Y) K) >wr iYa5 as IBItr￿.. 2021 2020 E 90.(X11 . £ I￿.(￿10 thè head the tsJI￿. Aotyegate empk)se8 ben8fits of kay m*wnert pw$￿ne1 274.461 228,500 JtsrwJ he yw E16.14012020.. t5.0￿) *a5 pawntnts. r slaN5 wn￿1￿1)rE Irom members and IhB employer baw ¢redited to Ihe Eyxwr. RefyI￿en1 h￿effits are pa*1 by publ hjnds wo¥hled by Padv•1)￿l. The enwloser C(￿l￿bU￿on ratg is sel by ts Secrwary of folo*ffjTrJ sch2rne valuat**)s ￿dertaKeN the Go¥emI￿ent Departs￿( The ttvJ5t r*efti *k*ws *e 8&0 requwed lo pay a 0.08% a Iotsi empbyer tontribjtion rtte of 23.68%. The 31 Ploich 2016 R8KAWt was ￿pared ￿ ar￿￿￿¢$ vJ*h li* ben8fi1s Set Oul in I SChEm? wuktion5 afyj uThYerts ¥pproa¢* sre¢W hi lh2 Ol￿bc￿s. as they appled al S W 2020. H￿rtY8r. rhe 85Sump￿￿ CO￿r￿j sol by t)ep•knwl EdL•catiw prk)r lo ihe rL4ing lh8 'MCCknL￿sWt ca5&. Thts casts ha$ cwrts lo cr•si(*r cases regarffjrrfj t On 27 June 2020 ￿ &FYErr* Court4Yen*d il* permtssw lo ar￿1 the C￿rt ClA￿al9 judgnortt 1ntrcrfJ￿d b) tha $c￿M&S in 2015 enoage ￿llY lh¢ Empty￿1 as as ￿fflt￿r Trwfrsonlati￿ to ayree lth¥ dis¢riMInab￿8 r* rwned*d. A was *unch*J by the on 16 Juty 2021. aid (*)5ed to reswnse5 M 11 (￿O￿￿r 2021. The TPS SVWI lo • cap m•chanw was •) protea agai foreseen chary ￿ yeh*n8 ¢(61s. SeLYetrry t+ Tr8a5ury. fiaving In 2019 •nourKÉd al tse t* a re¥wot CL￿1¢• ¢rtthènism. InJ•iuary 2QQ anr￿)UnCed a pause to Ihe o)st c¥p ff*char¥sm folkw ts C&Jrt ol Appears rulry k￿b￿Ny98r￿eanl case and vnll tW8 15 rta￿ty akntthe ￿ ol to em￿>$e$ ?01S+￿. Th? wa5 lifted in Juty 2021 and ￿ g(tyemment wepwrfj tosi Ix4WJ e*mwl of Lhe 2016 valu8tK)ns. whth exptthd b) bo 2021. The school addw opefales a wrrth888 Grw Pwxnal pensi￿ 5th2me. Cont￿Ul￿n$ an behaN ol Sbff Ihi5 scheme are made tro S￿￿lSh Withs Totsi cts)tr*Ath)ns M￿re tho P•tsonar Pension Scherne5 ￿ar *we £57.601 12020. £61.6031. fytribution5 lo these 5ch8ffles artr (hwged ro tr* ststwwil ot acb%yDes a5 tr*y 18U du¢. bjal perwi contr￿t￿￿5 w **re (thi*diNJ as * the ￿ren￿ **re tnil12020.. £4.3841. Page 32 PARKSIDE SCHOOL TRUST MOTÈS TO THE FINANCWL STATEMEPITS lor lh* ye¥ eMJ•d 31 August 2021 10 YANGIOLE F￿ED ASSETS Frn•hold euildin9s & Group & School IAottsr Vehkles Park 74)tal VV*L*bJn 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 D￿Pos*S 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 oVe￿￿ft laclibes (ZO￿. Overtrdfl laoh"*l 11 UNLkSTED114VESTMEFIYS Group sch￿ SthDr4 21 2020 Interesi in sub5K*xy Totsi The 5chwl 1swr6 100% 01 PartsNYe SdK*Y 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 ￿s￿lI$. e￿rthd accwnts *w." 2021 2Q20 Turn¢y48r (rfsales 105.113 33.B54 .822 71.259 4.rx)5 62,*7 4.573 PéJmifu$%raih>l opera￿rg 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 $TATÉMENYS lor lh¢ yoar ended 31 AugU5I2021 11 1114LISTED wvesTMENTS (Conto7 BALANCE SHEET 20 t*bk)rs Cash at tr*nk CrediiNs Nèt assets 83.997 158.927 252.￿3 121.053 171.108 292.160 SharewiBI 12 DEB71Nt$ 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 Cr*Jiic*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 IDAdva￿e F8e DepML8 PAYE & NIC ire Purch85e 29.316 262.941 11.831 29,386 17,64 76273 11.831 20. 116.165 Dolerred I￿orne Intercompw 1.622.928 1.645.713 1.446.933 uso Jn F•￿ts 2021 2020 #alar￿ets 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 P*RKSIDE $CHOOL TRU5Y NOTES TO THE FiIIAN¢IAL STATEMEIITS for th¢ y¢af endéd 31 August 2021 14 CREDITIXS." d¥• y•ar Group 1021 2020 Hife P￿¢ha$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 I￿r5." ￿T￿ts dl￿ 2. $￿al5. HIRE PURCHASE 2020 5.9)6 x￿[s4￿81.2￿e due 2. 5 tr*r5". 14.229 25.Z45 Page 35 PARKSIt)E SCHOOL TRLIST NOTES TO THE FIF4ANCIAL STATEIENTS lorthè yeartrbdod 31 Auwst YJ21 15 STATEMENT OF FUNDS A¢ 31 •dwJu5t 21 4.rffji.427 4.(M.&28 14.(XJ52231 4.122.832 ResbiL*•J fimth." 13.716 22.616 3.493 Tiu 3.493 4.075.143 4.079n21 14.LK152231 4.148.941 A131 kngU51 2020 2019 Gene1* r•seTh 4.174. 14.207.262) 4.035096 4.174.352 4.IABffjO8 (4.207.2tr21 4.035.898 31 ￿gust 20Z1 4.C61.427 4.￿.628 4.122033 13.716 22.616 3.493 F8rrysNl8 Tr￿1 3.493 TotsifthJ¥ 4 ts75.143 4.079.021 14.C115.2231 4.148.Y42 A131 &￿guSt 2020 2019 4.174.352 4.LW. 14.207.262} 4.035.899 ToWfwvJs 4.174.352 4.LW.808 14.Z07.262} 4.03S.899 Page 36 AFIKSIDE SCHOOL TRUST NOTES TO THE FIN￿CIAL STATEMENTS tor th• y••r •nd•d 31 Augu&¢ 2021 16 ANALY515 OF NET ASSETS BETWEEN FUIIDS aup 2021 G￿JP 2020 Scho Z021 Scho 2020 Taryt)le I￿e0 a￿ets Investments assets Cu[Tw￿ kèb4ilie$ 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$8knw £ifd] AssociatKJ71rtebn membershy that Day the 9¢WI. Tr amounls tty ¢utr¥nl thJiThned we 151 swmber 2019 ** Klbdities Ihe arO￿nl% knc41nts rnceNed after da e ffecognwd on as membershi) IEe Is Or￿ndat*. Tr affwnL8 penthtu￿. rtymainwvJ ￿ance d the rtslrted lundsal £3.493 12020". wesw4s arrwx*ts dty)altd Ic Ihe 'FernsNle TrusVdwu¥J h* t*Éh tx[)L￿1 srTr>)l. TtrA ￿￿JU￿5 are hetyj ￿ lu￿￿ lees of kwhls wfv) meth SW teftn off harOshipwuB5. Ti*re is vjrrontyrxi p[￿ned EXPBtKklwe 17 RECONCLIATION OF NCOMWG RESOURCE5 TO NET INFLcf•Y FROkl OPERATIOWS 2021 2020 Net incanwThJ re¥￿#￿$ pre￿*￿7 tharyos n.798 179N33 12,897 227,620 1441 ,793 I￿209} 252.*3 3J.839 12,095 lrffe¥*4de¢￿a$e) w) ctEtli*)rs Bank tetswej Bank Ir*WeSi paKI 196.037 18 RELAYÈD PARTY TRAJISACTIONS Durity v* yEaf. Ihe chargtyj ￿1.025 I20￿. £25.8681 ID par￿ sChr￿A Ttadiry Company Limiied Irx ts proW5A￿OI 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