2021-07-31-accounts

1 December 2021

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27 January 2021
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	Note	2021	2021	2021	2020
		Unrestricted	Restricted	Total	Total
		Funds	Funds	Funds	Funds
		£	£	£	£
Income from:
Donations	2	9,389	10,727	20,116	13,740
Charitable activities	3	6,075,720		6,075.720	5,857,140
Turnover of subsidiary undertaking	4	1,264,316		1,264,316	1,139,621
Other income	5	193,722		193,722	313,362
Total Income		7,543,147	10,727	7,553.674	7,323,863
Expenditure on:
Raising funds	6	45,376		45,378	45,628
Coste of trading subsidiary	11	987;312		987,312	944,865
Charitable activities	7	5,577,599	32,651	5,610,250	5,723,738
Total Expenditure		6,610,289	32,651	6,642,940	6,714,231
Net lneome/(Expenditure)		932,858	(21,924)	910,934	609,632
Net movement In funds		932,858	(21,924)	910,934	609,632
Fund balances at 1st August		7,343,300	136,526	7,479,826	6,870,194
Fund balances at 31st July	17	6,276.158	114,602	8,390,760	7,479,826

1 December 2021

			2021	2020
		£	£	£	£
Net Cash Inflow from
Operating Activities (notel)			1,083,438		1,055,577
Cash flows from investing activities
Purchase of tengible fixed assets	(414,165)			(134,699)
Disposal of tangible fixed assets
Net cash provided by/(used In) Investing activities			(414,165)		(134,699)
Cash flows from financing activities
Cash inflows from new borrowing
Repayments of borrowing	(423,078)			(423.076)
Net c£»h provided by/(u5ed in) financing activities			(423,078)		(423.078)
Change in cash and cash equivalents in the reporting period			246,195		497,600
Cash and cash equivalents at the beginning of the reporting period			2.795.373		2,297,573
Cash and cash equivalents at the end of the reporting period			3.041.566		2,795,373
Notes to	the Consolidated Statement of Cash Flows
	For the year ended	31st July 2021
1 Reconciliation of Net Income
to Net Cash Inflow from Operating Activities			2021		2020
			£		£
Net income for the year			910,934		609.632
Depreciation			361,397		353,026
(lncrease)/Decrease in stock			1,712		(820)
Decrea$e/(lncrease) in debtors, and prepayments -			(67,158)		156,664
(Decrease)/lncrease in creditors, provisions			4,237		(94,111)
(Decrease)/lncrea$e in fees In advance			(127.684)		31,186
Net Cash Inflow from Operating Activities			1,083.438		1,055,577
2 Analysis of Cash and Cash Equivalents				At 31 July At	1 August
				2021	2020
				£	£
Cash at bank and in hand				3,041.568	2.795.373
				3,041,568	2,795,373

		Unrestricted	Restricted	Total
	Year to 31 July 2021	Funds	Funds	2021
		£	£	£
	Donations	9,389	10727	20,116
		9,389	10,727	20,116
		Unrestricted	Restricted	Total
	Year to 31 July 2020	Funds	Funds	2020
		£	£	£
	Donations	7,417	6,323	13,740
		7,417	6,323	13,740
3	Income from Charitable activities
		Unrestricted	Restricted	Total
	Year to 31 July 2021	Funds	Funds	2021
		£	£	£
	Gross Fees including disbursements charged	6,350,001		6.350,001
	Bursaries and other fee remissions	(277,580)		(277.580)
	Other pupil related income	3,300		3,300
		6,075,720		6,075,720
		Unrestricted	ResUicted	Total
	Year to 31 July 2020	Funds	Funds	2020
		£	£	£
	Gross Fees Including disbumements charged	6,137,736		6,137,736
	Bursaries and other fee remissions	(283,345)		(283,345)
	Other pupil related income	2,750		2,750
		5,857,140		5,857,140
4	Turnover from subsidiary undertakings
		Unrestricted	Restricted	Total
	Year to 31 July 2021	Funds	Funds	2021
		£	£	£
	Turnover of subsidiary	1,264,316		1,264,316
		1,264,316		1,264,316
		Unrestricted	Restricted	Total
	Year to 31 July 2020	Funds	Funds	2020
		£	£	£
	Turnover of subsidiary	1,139,621		1,139,621
		1,139,621		1,139,621

5	Other Income
		Unrestricted	Restricted	Total
	Year to 31 July 2021	Funds	Funds	2021
		£	£	£
	Rental and hire fees	69.999		69,999
	CJRS Funding	123.433		123.433
	Interest Receivable	290		290
		193,722		193.722
		Unrestricted	Restricted	Total
	Year to 31 July 2020	Funds	Funds	2020
		£	£	£
	Rental and hire fees	115.795		115,795
	CJRS Funding	189,744		189.744
	Interest Receivable	7.823		7,823
		313,362		313.362

6	Expenditure on raising funds
		Unrestricted	Restricted	Total
	Year to 31 July 2021	Funds	Funds	2021
		£	£	£
	Advertising and publldty costs	45.378		45,378
		45.378		45,378
		Unrestricted	Restricted	Total
	Year to 31 July 2020	Funds	Funds	2020
		£	£	£
	Advertising and publicity costs	45,628		45,628
		45,628		45,628
7	Expenditure on charitable activities
		Unrestricted	Restricted	Total
	Year to 31 July 2021	Funds	Funds	2021
		£	£	£
	Staff costs -teaching	2,961,331		2,961,331
	• administrative	1,112,253		1,112,253
	Education and recreation	177.372		177,372
	Domestic	178,254		178,254
	Establishment costs	254,638		254,636
	Depreciation	326,746	32,651	361,397
	Composition fee discounts	12,796		12,796
	Office costs	141,322		141,322
	Maintenance of buildings, swmming pool and equipment	208,677		208,677
	Administrative costs	119,318		119,318
	Bad debt expense	(18,763)		(18,763)
	Bank interest & charges	64,703		84,703
	Loss on Disposal of fixed asset
	Governance costs (see below)	16,952		16,952
		5,577,599	32,651	5,610,250
				Page; 16

	Unrestricted	Restricted	Total
Year to 31 July 2020	Funds	Funds	2020
	£	£	£
Staff costs -teaching	2,861,125		2,881,125
- administrative	1,095,101		1,095,101
Education and recreation	262,688		262,686
Domestic	175,190		175,190
Establishment costs	270,941		270,941
Depreciation	321,395	31,631-	353,026
Composition fee discounts	19,423		19,423
Office costs	184,696		184,696
Maintenance of buildings, swimming pool and equipment	172,871		172,871
Administrative costs - Restated	131,825	7,658	139,683
Bad debt expense	36,970		36,970
Bank interest & charges	118,425		118,425
Loss on Disposal of fixed asset
Governance costs (see below) - Restated	13,599		13.599
	5,664,249	39.489	5.723.738

Governance costs
	Unrestricted Restricted		Total
Year to 31 July 2021	Funds	Funds	2021
	. £ .	£	£
Auditors’ remuneration:
Audit fee including VAT	11,460		11,460
Under/(over) provision from prior year	460		460
Other services	2,958		2,958
Other professional fees	2,074		2,074
	16,952		16,952
	Unrestricted Restricted		Total
Year to 31 July 2020	Funds	Funds	2020
Restated	£	£	£
Auditors' remuneration:
Audit fee including VAT	10,700		10,700
Under/(over) provision from prior year	555		555
Other services	1,272		1,272
Other professional fees	1,072		1,072
	13,599		13.599

8	Net income	2021	2020
		£	£
	This is stated after charging:
	Auditors' remuneration (excluding VAT)	9.933	9,379
	Depreciation	361,397	353,026
9	Staff costs (Group)	2021	2020
		£	£
	Wages and salaries	3,932.086	3,867,605
	Social security costs	367,040	343,082
	Other pension costs	532,422	507,258
	Termination Payments		19,570
		4,831.548	4,737,715

Charity	2021	2020
	Actual	Actual
The average monthly number of employees during the year was:
Teaching and learning support	71	71
Administration	56	56
	127	127
Group	2021	2020
	Actual	Actual
The average monthly number of employees during the year was:
Teaching and learning support	100	99
Administration	62	61
	162	160

	Number of	Employees
Remuneration Range	2021	2020
£60,001 - £70,000	2	2
£80,001 - £90,000	1	1
£100,001 -£110,000	1	1

10	Fixed Assets	Freehold		Equipment,		Assets
	Group and company	Land and	Swimming	Furniture	Motor	Under
		Buildings	Pool	and Fittings	Vehicles	Construction		Total
	Cost	£	£	£	£	£		£
	At 1st August 2020	12,044,453	253,028	2,122,158	8,450	47,556		14,475.645
	Addilions at cost	105,905		187,563		120,667		414,165
	Correction			4,804				4,804
	Disposals at cost
	Adjustment
	At 31st July 2021	12,150,358	253,028	2,314,525	8,450	168,253	■	14,894,614
	Deproclation
	At 1st August 2020	3,060,799	188,361	1,716,982	8,450			4.974,592
	Charge for the year	249,055	12,369	99,953				361,397
	Correction			4,604				4,804
	Depredation on Disposal
	At 31st July 2021	3,309.654	200,750	1,821.739	8,450			5,340,793
	Not Book Amount
	At 31st July 2021	8,640.504	52,276	492,766		168,253		9.553.621
	At31StJuly 2020	8.983.654	64.667	405,176				9.501.053

14	Creditors: Amounts falling due within one year	Group		Charity
		2021	2020	2021	2020
		£	£	£	£
	Bank loan	423,078	423,078	423,078	423.078
	Fees In advance (note 16)	513,349	559,910	438,549	506,310
	Trade creditors	179,603	212,183	166,613	206,455
	Accruals and deferred income	264,366	247,549	229,900	204,956
		1,400,396	1,442,720	1,258,140	1,340,799
15	Creditors: Amounts falling due after more than	Group		Charity
	one year	2021	2020	2021	2020
			£	£	£
	Long term bank loan	2,516,610	2,941,688	2,516,610	2,941.688
	Fees in advance (note 16)	466,521	549,644	466,521	549,644
		2,987,131	3,491,332	2,987,131	3,491,332

16	Fees in Advance	Composition	Disbursement	Total	Total
		Fees	Deposits	2021	2020
	Net amounts repayable:	£	£	£	£
	in less than one year	397,299	41,250	438,549	506.310
	in one to two years	215,587	19,350	234,937	269,732
	in two to five years	125,084	89,300	214.384	246,774
	After five years		19,200	19,200	33,138
		737,970	169,100	907,070	1,055,954

Year to Sist July 2021	Brought	Income	Expenditure	Carried
	Forward		/ Transfers	Forward
	£	£	£	£
Unrestricted Funds - General Fund	7,343.300	7,543,147	(6,610,289)	8,276,158
Restricted Funds:
Innovation Space	101,955		(24.698)	77,257
Bursary Fund	■ ' 501	2,000		2,501
Tanzania	2,241			2,241
Hazelwood Community Fund	1,552	1,000		2,552
Hazelwood Parents Association	30,277	7,727	(7,953)	30,051
	7,479,826	7,553.674	(6,642,940)	8,390,760

Year to 31st July 2020	Brought	Income	Expenditure	Carried
	Forward		/ Transfers	Forward
	£	£	£	£
Unrestricted Funds - General Fund	6,700,502	7,317,540	(6.674,742)	7,343.300
Restricted Funds:
Innovation Space	126,653		(24,698)	101,955
Bursary Fund				SOI
Tanzania	2,095	2,183	(2,037)	2,241
Hazelwood Community Fund	3,233	4,140	(5.821)	1,552
Hazelwood Parents Association	37,210		(6,933)	30,277
	6,870,194	7,323,863	(6,714,231)	7,479,826

At 31st July the Charity had total	Group		Charity
commitments under operating leases	2021	2020	2021	2020
as follows:	Other Assets Other Assets		Other Assets Other Assets
	£	£	£	£
Amounts due within one year	■ 60,734	67,700	60,734	67,179
Amounts due in one to five yearn	116,765	84,529	116,765	84,529
Amounts due in more than five years