## ## ## |Contents|||Page| |---|---|---|---| |Governors'|Report||1-7| |Report ofthe Independent||Auditors|8-10| |Consolidated|Statement|of Financial Activities|11| |Consolidated|Balance Sheet||12| |Company
Balance Sheet|||13| |Consolidated|Statement|ofCash Flows|14| |Notes to the|Financial Statements||15-22| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||0 CD
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N0Z| |||||||||||('I| |---|---|---|---|---|---|---|---|---|---|---| ||ALDRO|SCHOOL EDUCATIONAL|||TRUST LIMITED|||||| |||CONSOLIDATED||BALANCE||SHEET||||| |||AS AT|31|JULY 2021||||||| ||||||2021||||2020|| |||Note||||||||| |Fixed assets||||||||||| |Tangible assets
investments||||||7,004,025
45 248|||7,066,030
36597|| |||||||7,049,273|||7,|102,627| |Current assets||||||||||| |Stocks
Debtors
Cash at bank and in|hand|10
11||2,154
176,173
344 868||||2,154
212,993
414318||| |Creditors: Amounts|falling due|||523,195||||629.465||| |within one year||12||787 726||||634425||| |Net current
liabilities||||||(~264 531|||(~4960|| |Total assets less current liabilities||||||6,784,742|||7,097,667|| |Creditors: Amounts|falling due|||||||||| |after more than one|year|13||||419999|||(~423 034|| |Net assets||16||||%364H3||||| |Unrestricted
Funds||14||||||||| |General
Fund
Designated
Fund
Fixed Asset Fund|||(
6|337,788)
6,500
581 644|||(
6|5,611)
6,000
597 175||| |||||||6,250,356|||6,597,564|| |Restricted
Funds||15||||114387||||77 069| ## ## ||||||2021||||2020| |---|---|---|---|---|---|---|---|---|---| |Cash provided
by operating
activities||(see below)|||||233,230||266,113| |Cash flows from investing
activities|||||||||| |Payments
for fixed asset additions
Proceeds offixed asset disposals||||(251,848)
3700||||(237,017)|| |Cash (used in) investing
activities||||||(248,148)|||(237,017)| |Cash flows from financing
activities|||||||||| |Interest paid
(Drawdowns)
of revolving
loan facility
(Drawdowns)/repayment
of long term loans
Cash (used in)/provided
by financing
activities|||(
8,058)
(~46 474|||(~54 532||(11,131)
(250,000)
305636|44505| |Net cash (outflow)/inflow
Cash and cash equivalents
at 1 August||2020||||( 69,450)
414318|||73,601
340 717| |Cash and cash equivalents
at 31July||2021|||||%~68||| |Note: Cash flows from operating
activities|||||||||| |Net (expenditure)
Interest payable
included
in financing|activities|||||(309,890)
8,058|||(79,207)
11,131| |Depreciation||||||295,222|||282,913| |Net (gains)/losses
on investments
Loss on sale offixed assets||||||(|8,651)
14,931||10,224| |Decrease in stocks
Decrease
in debtors
Increase
in fees paid
in advance|||||||36,820
44,810||59,516
9,624| |Decrease/(increase)
in creditors||||||151930|||(2~8088| |Cash provided
by operating
activities|||||||||| |Analysis in changes on net debt|||At|1August
2020|||Cash
flowsf|Other non-
cash changes|At31July
2021| |Cash at bank and in hand
Bank loans within one year
Bank loans after one year|||414,318
( 45,821)
(4~23 034||||(69,450)
45,821
653|(47,192)
47 192|344,868
( 47,192)
(3~75 189| |Total|||(~54
Zg||||(~22 976||(M~&1| ## ## ## ## ## ## ## ## ## ## ## ||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |Summary
profit and lo|ss accou|nt||||||Aldro|Enterprises||| ||||||||||Limited||| |||||||||2021|||2020| |Turnover||||||||32,832|||21,963| |Rent receivable
Cost ofsales and administration
Rent payable||expenses||||||(8,447)
(~15000|||1,496
(71,289)
(~15000| |Interest payable
Net profit/(loss)
Amount
gifted to the company||||||||9,385
(~629
8,756
(~8756|||(62,830)
~561
(63,391)| ||||||||||||~63381| |EXPENDITURE ON CHARITABLE|||ACTIVITIES|Unrestricted||Restricted||2021|||2020| |||||Funds|E|funds E|||||| |Bursaries||||137,166||5,413||142,579|||165,027| |Teaching
Premises||||1,748,167
721,498|||1,748,167
721,498|||1,827,804
681,967|| |Household
expenses||||502,040||||502,040||465,787|| |Support costs ofschooling||||555 65D|||358|555 4D6||614552|| |||||||52l1|||||| |TOTAL EXPENDITURE|||||||||||| |||||Staff|Depreciation||Other|2021|||2020| ||||Grants|costs||8 loss|costs|Total|||Total| |Costs of raising funds|||||||18||18||24| |Commercial
trading
Bursaries|||142,579|2,650|||5,797|8,447
142,579|||71,289
165,027| |Direct costs ofcharitable|activities|||2,014,226|||690,267|2,704,493||2,751,103|| |Support costs||||342,182||310,153|143,543|795,878||815,413|| |Governance
costs||||9 831|||16911|26 742|||23594| ||||~42 57|2~368
9||3K1M|8565K|36M7~||X82M4&5|| ## ## |||||| |---|---|---|---|---| |NET EXPENDITURE|||2021f|2020f| |This is stated after charging:||||| |Interest payable on bank
Auditors'
remuneration|overdrafts
—audit|and loans|8,058
6,150|11,131
6,150| ||—other|services|10,761|10,228| |Depreciation|||295,222|282,913| |Loss on disposal of fixed
Operating
lease rentals|assets||14,931|| ## |STAFF COSTS|STAFF COSTS||2021f|2020f| |---|---|---|---|---| |Wages and salaries
Social security costs|||1,942,856
172,149|2,013,589
185,454| |Pension costs|||253 884|277 158| |The headcount|of employees|during the year, excluding|2021|2020| |the Governors,|was made up|as follows:|No|No| |Teaching staff|||35|33| |Teaching support staff|||10|8| |Domestic and|matrons||5|11| |Maintenance|||2|3| |Administration|||10|8| |Catering|||11|9| |Cleaning|||6|4| ||||ZB|ZG| ## ||||| |---|---|---|---| |RELATED PA|TY TRANSACTIONS|2021f|2020| |Remuneration|paid to Governors||| |Reimbursements|ofGovernors
training expenses to third parties|1,045|639| |Reimbursements|oftravel expenses to 2 (2020:3)Governors|141|| ## ||||Freehold|Furniture|||| |---|---|---|---|---|---|---|---| ||||land and|and|Motor||| ||||buildingsf|equipment|vehiclesf||Total| |Cost|||||||| |At 1 August 2020|||10,575,774|1,414,720|99,240||12,089,734| |Additions
Disposals
At 31 July 2021|||147,993
10723767|98,845
~44403
1 469 162|5,010
(~27948
76302||251,848
(~72 351
12269 231| |Depreciation|||||||| |At 1 August 2020|||4,120,688|822,055|80,961||5,023,704| |Charge for the year
Released on disposals
At 31 July 2021|||154,326
4275014|135,300
(~26678
930677|5,596
(~27042
59515|295,222
(~53720
5265206|| |Net book value|||||||| |At 31 July 2021|||~~448 7 3|MIL485|~77||~t)04LQ25| |At 31 July 2020|||64~5~6|~52~65|~12||7~06 939| |INVESTMENTS||Group|||Company||| |||Shares in|||Shares|in|| ||Listed|subsidiary|Total|Listed|subsidiary||Total| ||investments|undertakings||investments|undertakings||| |Market value|||||||| |At 1 August 2020|36,597||36,597|36,597|||36,599| |Additions|||||||| |Disposals|||||||| |Revaluation|8651||8651|8651|||8651| |At 31 July 2021|45246|||45245|||| ## ## ## ## ## |RESTRICTED FUNDS —GROUP AND|COMPANY||||| |---|---|---|---|---|---| |2021|Opening|||Gains/|Closing| ||balance|Income|Expendi ture|Losses|balance| |Francis Hudson
Bursary Fund|36,597|||8,651|45,248| |Development
Fund
New Bursary Fund
Christmas
Card Fund|24,414
13,825
2233
ZZQ68|29,043
5,413|(
18)
(5,413)
(~358
(~5289||53,439
13,825
1 875
~Z| |2020|Opening|||Gains/|Closing| ||balance|Income|Expenditure|Losses|balance| |Francis Hudson
Bursary Fund
Development
Fund|46,821
21,381|3,057|(24)|(10,224)|36,597
24,414| |New Bursary Fund
Christmas
Card Fund|4,901
1 762|35,977
2283|(27,053)
~1812(~||13,825
2233
ZUl69| ## ## ## |ANALYSIS OF NET ASSETS BYTYPE OF|FUND||| |---|---|---|---| ||Unrestricted|Restricted|| ||funds|funds|Total| |Group 2021|||| |Tangible fixed assets|7,004,025||7,004,025| |Investments||45,248|45,248| |Current assets|454,056|69,139|523,195| |Current
liabilities
Long term liabilities|( 787,726)
( '119999)||( 787,726)
(~419999| |Company
2021|||| |Tangible
fixed assets|7,004,025||7,004,025| |Investments||45,250|45,250| |Current assets|512,922|69,137|582,059| |Current
liabilities
Long term liabilities|( 785,886)
(~419999
6~11Q62|PM438Z|( 785,886)
(~419999| |Group 2020|||| |Tangible fixed assets|7,066,030||7,066,030| |Investments||36,597|36,597| |Current assets|588,993|40,472|629,465| |Current
liabilities
Long term liabilities|( 634,425)
(~423 D34||( 634,425)
(~423034| |||~77|| |Company
2020|||| |Tangible fixed assets|7,066,030||7,066,030| |Investments||36,599|36,599| |Current assets|647,959|40,470|688,429| |Current
liabilities
Long term liabilities|( 632,685)
(~423 034||( 632,685)
(~423 D34| |||~77|| ## |31 July 2021, the outstanding
commitments
for non-cance|
llable
operating
leases fall due as follows:|.
| |---|---|---| ||2021|2020| |Within one year
Between two and five years|29,640
100,066|9,369
37,475| |After five years|1155|10524| ||1%352|5Z2%| ##