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





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|||||||(2)|(3)|(4)|(5)|(6)|
|---|---|---|---|---|---|---|---|---|---|---|
|Mr|A Baker (Chair)||Appointed|Chair from<br>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||||||||||



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|||2020|2020|2020|2019|2019|2019|
|---|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Totai|Unrestricted|Restricted|Total|
||Notes|Funds|Funds|Funds|Funds<br>f|Funds<br>f|Funds|
|Income from:||||||||
|Donations<br>and legacies<br>Donations<br>and legacies|||32,632|32,632||10,635|10,635|
|Charitable<br>activities||||||||
|School fees receivable|2|2,366,858||2,366,858|2,304,057||2,304,057|
|Ancillary<br>trading<br>income|3|41,896||41,896|82,351||82,351|
|Other trading activities<br>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<br>grant<br>Total income||219,443<br>2 647 136|32 632|219,443<br>2 679 768|2 415 092|10635|2 425 727|
|Expenditure<br>on:<br>Charitable<br>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<br>between<br>funds||||||||
|Net movement<br>in funds||(158,204)|24,392|(133,812)|(171,337)|219|(171,118)|
|Total funds brought<br>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:<br>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:<br>Amounts<br>Net assets|falling|due after|one year|10<br>17|154 1D7<br>2 656 824|-<br>2 79D 636|154 107<br>2 658 D88|2|791 900|
|Funds||||||||||
|Restricted<br>Funds|||||24,611|219|24,611||219|
|General<br>Reserves|||||84,484|153,056|85„748||154,320|
|Designated<br>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||





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





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



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



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





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|STAFF COSTS (co|ntinue|d)|||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2020|2019|
|The aggregate<br>employee<br>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<br>number of||employees|during the year calculated|||on a full time equivalent||basis was:|2020|2019|
|Teaching|||||||||27|26|
|Classroom<br>assistants|||||||||3|4|
|Domestic|||||||||15|14|
|Administration|||||||||6|5|
||||||||||51|49|



||Teaching<br>Classroom<br>assistants<br>Domestic<br>Administration|||||27<br>3<br>15<br>6<br>51|26<br>4<br>14<br>5<br>49|
|---|---|---|---|---|---|---|---|
||The Governors<br>received|no remuneration.||||||
||Termination<br>payments|totalling|E10,826 were paid to two employees<br>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<br>Additions||39,488<br>21 592|2,645,225|5,000|966,547<br>24 307|3,656,260<br>45 899|
||At 31stJuly 2020||61 080|2 645 225|5 DDD|990 854|3 702 159|
||Depreciation<br>At 1st August 2019<br>Charge for the year<br>At 31stJuly 2020|||365,987<br>26 122<br>392 109|4,575<br>125<br>4 700|648,338<br>109 284<br>757 622|1,018,900<br>135 531<br>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<br>2020|2019|Charity<br>2020|2019|
|Fees receivable<br>Amounts<br>due from subsidiary<br>Prepayments<br>and accrued income|709,920<br>127 748<br>837,668|769,092<br>44 196<br>813,288|709,920<br>1,263<br>127 748<br>838,931|769,092<br>1,263<br>44 196<br>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<br>2020||2019|Charity<br>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<br>funds|||||||||||
||Friends of Belmont||||219|4,516||(4,665)|||70|
||Hardship<br>fund<br>Shere Parish Council||||219|24,541<br>3 575 <br>32 632|~3575<br> ~8240||||24,541<br>24 611|
||Unrestricted<br>funds|||||||||||
||Designated<br>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<br>f||Transfers|At|31/7/19|
||Restricted<br>funds|||||||||||
||Friends of Belmont|||||10,635||(10,416)|||219|
||Unrestricted<br>funds|||||||||||
||Designated<br>funds<br>- Fixed asset reserve||||2 643 611|||-|~6250|2|637 361|
||General<br>reserve||||2,643,611<br>318 143|10,635<br>2 415 092|(10„416)<br> ~2 586 429||(6,250)<br>6 250|2,637,580<br>153 056||
||||||2,961,754|2,425,727|(2,596,845)|||2,790,636||





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|be looked at within<br>the ne<br>implemented<br>in April 2023.|xt scheme|valuation,<br>w|hich<br>is c|urren|tly<br>scheduled|to be based<br>on April 2020 data<br>and|to be based<br>on April 2020 data<br>and|to be based<br>on April 2020 data<br>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<br>Fixed assets<br>Current<br>assets<br>Creditors<br>Net assets||||||24,611<br>24 611|2,547,728<br>2,547,728<br>1,346,567<br>1,371,178<br>~1262 082 ~1262 082<br>2 632 213<br>2 656 824||
|||||||Restricted|Unrestricted|Total|
|||||||Funds|Funds|Funds|
|2019Group<br>Fixed assets<br>Current assets<br>Creditors<br>Net assets||||||219<br>219|2„637,360<br>2,637,360<br>1,268,019<br>1,268,238<br>~11 2 14 962 ~1114962<br>2 790 417<br>2 790 636||



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