2020-07-31-accounts

Contents		Page
Governors,	Officers and Advisors	1
Annual Report of the Governors
Independent	Auditor's Report
Consolidated	Statement of Financial Activities	10
Consolidated	and Company Balance Sheets
Consolidated	Cash Flow Statement	12
Notes to the Financial Statements		13

						(2)	(3)	(4)	(5)	(6)
Mr	A Baker (Chair)		Appointed	Chair from 1 Sep 2019
Mr	N Butcher (Chair)		Resigned	31 August 2019
Mr	M Biddle		Appointed	9 September 2020
Mrs	T Botting		Resigned	17March 2020
Mr	R Britton
Mr	C Filbey		Appointed	30 March 2020
Mrs	T Fitzpatrick-Wheals
Dr S Mackenzie		Ross
Mrs	H O'Keeffe		Appointed	29 September	2020
Mrs	H Priday		Resigned	31 December 2019
Mrs	TTimperlake
Mr	J Turnbull

		2020	2020	2020	2019	2019	2019
		Unrestricted	Restricted	Totai	Unrestricted	Restricted	Total
	Notes	Funds	Funds	Funds	Funds f	Funds f	Funds
Income from:
Donations and legacies Donations and legacies			32,632	32,632		10,635	10,635
Charitable activities
School fees receivable	2	2,366,858		2,366,858	2,304,057		2,304,057
Ancillary trading income	3	41,896		41,896	82,351		82,351
Other trading activities Hire of school facilities		16,393		16,393	26,917		26,917
investments
Bank interest		2,546		2„546	1,767		1,767
Other income
Furlough grant Total income		219,443 2 647 136	32 632	219,443 2 679 768	2 415 092	10635	2 425 727
Expenditure on: Charitable activities	4	2 805 340	8 240	2 813 580	2 586 429	10416	2 596 845
Total expenditure		2 805 340	8 240	2 813 580	2 586 429	10 416	2 596 845
Net income/(expenditure)		(158,204)	24,392	(133,812)	(171,337)	219	(171,118)
Transfers between funds
Net movement in funds		(158,204)	24,392	(133,812)	(171,337)	219	(171,118)
Total funds brought forward		2,790,417	219	2,790,636	2,961,754		2,961,754
Total funds carr1ed forward		2,632,213	24,611	2,656,824	2,790,417	219	2,790,636

					Group		Company	Company
					2020	2019	2020		2019
				Note
Fixed assets
Tangible assets				6	2,547,728	2,637,360	2,547,728	2,637,360
Investments
Tot:al fixed asset:s					2,547,728	2,637,360	2,547,729	2,637,361
Current assets
Debtors				8	837,668	813,288	838,931		814,551
Current asset investments					102	171,810	102		171,810
Cash at bank and in	hand				533 408	283 140	533 408		283 140
					1,371,178	1,268,238	1,372,441	1,269,501
Creditors: Amounts	falling	due within	one year	9	1 107 975	1 114962	1 107 975	1	114962
Net current assets					263,203	153,276	264,466		154,539
Total assets less current		liabilities			2,810,931	2,790,636	2,812,195	2,791,900
Creditors: Amounts Net assets	falling	due after	one year	10 17	154 1D7 2 656 824	- 2 79D 636	154 107 2 658 D88	2	791 900
Funds
Restricted Funds					24,611	219	24,611		219
General Reserves					84,484	153,056	85„748		154,320
Designated funds					2 547 729	2 637 361	2 547 729	2	637 361
				11	2,656,824	2,790,636	2,658,088	2,791,900

		2020f	2020	2019	2019
Net expenditure			(133,812)		(171,118)
Adjustment for: Depreciation charges		135,531		145,010
Interest receivable		(2,546)		(1,767)
provisions (Increase)/decrease in Increase/(decrease) in	debtors creditors	(24,380) 147 120	255 725	(40,488) 102 110	204 865
Net cash provided by operating activities			121,913		33,747
Cash flows from investing Interest receivable Purchase of fixed assets	activities	2,546 ~45 899		1,767 ~138760
Net cash used in investing	activities		(43,353)		(136,993)
Cash flows from financing	activities
Net transfers from deposits			171,708
Change in cash during the	year		250,268		(103,246)
Cash at bank and in hand	brought forward		283,140		386,386
Cash at bank and in hand	carried forward		533,408		283,140

CHARITABLE A	CTIVITIES - FEES RECEIVABLE
		2020	2019f
Schoolfees Less: bursaries	and allowances	2,757,980 ~391 122	2,584,820 ~2SD 763
		2,366,858	2,304,057

3	ANCILLARY TRADING	INCOME
							2020	2019
	Registration fees Extras						6,000 34,487	6,700 71,271
	Other income						1 409	4 380
							41,896	82,351
4	ANALYSIS OF EXPENDITURE		2020	2020	2020	2019	2019	2019
			Staff costs	Other costs	Total f	Staff costs	Other costs	Total f
	Charitable activities
	Teaching costs Welfare costs		1,477,537 152,578	127,518 114,090	1,605,055 266,668	1,292,023 157,039	187,758 143,874	1,479,781 300,913
	Premises costs		141,8?8	288,661	430,539	138,813	257,469	396,282
	Support costs Funded expenditure Depreciation Finance costs		208,333	158,865 8,240 135,531 349	367,198 8,240 135,531 349	173,000	92,062 10,416 145,010 ~619	265,062 10,416 - 145,010 ~619
			1,980,326	833,254	2,813,580	1,760,875	835,970	2,596,845

The aggregate payroll costs for the year were: Wages and salaries Social security costs Pension contributions Employee benefits Agency staff	2020 1,567, 155 147,959 246,497 3,945 14 770 1,980,326	2019f 1,450,103 139,043 168,199 3,788 ~258 1,760,875

STAFF COSTS (co	ntinue	d)
									2020	2019
The aggregate employee benefits			of key management	personnel				E184,972		E171,083
Number of higher	paid employees		in bands of						2020	2019
E90,000 to E100,000										1
E100,000 to E110,000									1
									1	1
The contributions	paid	in respect	of the above employee		in	respect of a Defined	Contribution		scheme	was E19,593
(2019:E13,801).
The average number of		employees	during the year calculated			on a full time equivalent		basis was:	2020	2019
Teaching									27	26
Classroom assistants									3	4
Domestic									15	14
Administration									6	5
									51	49

	Teaching Classroom assistants Domestic Administration					27 3 15 6 51	26 4 14 5 49
	The Governors received	no remuneration.
	Termination payments	totalling	E10,826 were paid to two employees in the		financial year	(2019:nil).
6	TANGIBLE FIXED ASSETS
			Assets in the	Freehold	Short	Vehicles
			course of	land 8	leasehold	and
	Group and Charity		construction	buildings	land	equipment	Total
	Cost or deemed cost
	At 1st August 2019 Additions		39,488 21 592	2,645,225	5,000	966,547 24 307	3,656,260 45 899
	At 31stJuly 2020		61 080	2 645 225	5 DDD	990 854	3 702 159
	Depreciation At 1st August 2019 Charge for the year At 31stJuly 2020			365,987 26 122 392 109	4,575 125 4 700	648,338 109 284 757 622	1,018,900 135 531 1 154431
	Net book value
	At 31st July 2020		61,080	2,253,116	300	233,232	2,547,728
	At 31st July 2019		39,488	2,279,238	425	318,209	2,637,360

DEBTORS
	Group 2020	2019	Charity 2020	2019
Fees receivable Amounts due from subsidiary Prepayments and accrued income	709,920 127 748 837,668	769,092 44 196 813,288	709,920 1,263 127 748 838,931	769,092 1,263 44 196 814,551

9	CREDITORS: Amounts	falling due within	falling due within	one year	one year
						Group			Charity
						2020		2019	2020		2019
	Fees in advance					815,975		825,038	815,975		825,038
	Trade creditors					144,682		144,350	144,682		144,350
	Other taxes and social	security costs				37,775		36,294	37,775		36,294
	Other creditors					38,114		29,805	38,114		29,805
	Accruals and deferred	income				71 429		79 475	71 429		79 475
						1,107,975		1,114,962	1,107,975	1,114,962
10	CREDITORS: Amounts	falling	due after	more than	one vear
						Group 2020		2019	Charity 2020		2019
	Fees in advance					154 107			154 107
						154,107			154,107
11	SUMMARY OF MOVEMENTS		ON MAJOR	FUNDS
					At 1/8/19	Income	Expenditure		Transfers	At	31/7/20
	Restricted funds
	Friends of Belmont				219	4,516		(4,665)			70
	Hardship fund Shere Parish Council				219	24,541 3 575 32 632	~3575 ~8240				24,541 24 611
	Unrestricted funds
	Designated funds
	- Fixed asset reserve				2 637 361				89 632	2	547 729
					2,637,580	32,632		(8,240)	(89,632)	2,572,340
	General reserve				153 056	2 647 136	~2805 340		89 632		84 484
					2,790,636	2,679,768	(2,813,580)			2,656,824
					At 1/8/18	Income	Expenditure f		Transfers	At	31/7/19
	Restricted funds
	Friends of Belmont					10,635		(10,416)			219
	Unrestricted funds
	Designated funds - Fixed asset reserve				2 643 611			-	~6250	2	637 361
	General reserve				2,643,611 318 143	10,635 2 415 092	(10„416) ~2 586 429		(6,250) 6 250	2,637,580 153 056
					2,961,754	2,425,727	(2,596,845)			2,790,636

be looked at within the ne implemented in April 2023.	xt scheme	valuation, w	hich is c	urren	tly scheduled	to be based on April 2020 data and	to be based on April 2020 data and	to be based on April 2020 data and
The school also contributes	to defined	contribution	schemes	and	contributions	paid in the year were E22,710 (2019:
E12,827) and at the year-end	E3,401 (2019:E2,717)		was accrued		in respect of	contributions	to this scheme.
NET ASSETS
						Restricted	Unrestricted	Total
						Funds	Funds	Funds
2020 Group Fixed assets Current assets Creditors Net assets						24,611 24 611	2,547,728 2,547,728 1,346,567 1,371,178 ~1262 082 ~1262 082 2 632 213 2 656 824
						Restricted	Unrestricted	Total
						Funds	Funds	Funds
2019Group Fixed assets Current assets Creditors Net assets						219 219	2„637,360 2,637,360 1,268,019 1,268,238 ~11 2 14 962 ~1114962 2 790 417 2 790 636