2020-08-31-accounts

				Page
Legal and Administrative		Information		1
Governors' Report (Incorporating			the Strategic Report)	2-9
Statement ofGovernors'		Responsibilities
Independent Auditors'	Report			11—13
Statement of Financial	Activities			14
Balance Sheet				15
Cash Flow Statement				16
Notes to the Accounts				17-26

Governors				Mr Michael Cumming	(Chairman)
				Dr Alexandra Cran-McGreehin
				Mr Jonathan Dobson
				Mr William Gillen
				Mrs Reica Gray
				Dr Jill Harling
				Mr Gary Li
				Mrs Laura Marani
				Mr Peter Trueman
				Mrs Manina Weldon
Principal				Mrs RM Kamaryc
Bursar and Secretary				Mr J Cubitt
Senior Management		Team		Mrs RM Kamaryc
				Mrs 2 Camenzuli
				Mr J Cubitt
				Mr M Crundwell
				Mr J Denchfield
				Dr M Lee
				Mr P Williams
				Ms CYates
Company	number			00640464
Charity number				312724
Principal address and		registered	office	Queen's Gate School
				133Queen's Gate
				London
				SW7 SLE
Auditors				TC Group
				The Courtyard
				Shoreham Road
				Upper Beeding
				Stey ning
				West Sussex
				BN44 3TN
Bankers				Barclays Bank Pic
				1Churchill Place
				Canary Wharf
				London
				E14SHP

		Notes	Unrestricted	Restricted	Total	Total
			Funds	Funds	2020	2019
			E	E	E	E
INCOME FROM:
Donations and legacies		6	15,076	48,269	63,346	52,543
Investments		7	17,729		17,729	28,199
Charitable activities		8	10,485,034		10,485,034	10,711,217
Total income			10,517,839	48,269	10,566,109	10,791,959
EXPENDITURE ON:
Raising funds				564	564	9,115
Charitable activities			10,229,153		10,229,153	10,367,658
Total expenditure		9	10,229,153	564	10,229,717	10,376,773
Net income			288,686	47,705	336,391	415,186
Transfers between	funds	19	17,413	(17,413)
Net movement in funds			306,099	30,292	336,391	415,186
Fund balances brought forward			7,436,716	105,228	7,541,944	7,126,758
Fund balances carried forward		20	7,742,815	135,520	7,878,335	7,541,944

		Notes	2020		2019
FIXEDASSETS
Tangible Assets		12	13,026,474		13,193,531
				13,026,474		13,193,531
CURRENT ASSETS
Debtors		13	287,984		497,050
Cash at bank and in hand			4,247,235		3,597,984
			4,535,219		4,095,034
CURRENT LIABILITIES
Creditors due within one year		14	(3,641,737)		(3,331,569)
NET CURRENT ASSETS				893,482		763,465
TOTAL ASSETS LESSCURRENT		LIABILITIES		13,919,956		13,956,996
LONG TERM LIABILITIES
Creditors due after one year		15		(6,041,621)		(6,415,052)
				7,878,335		7,541,944
REPRESENTED BY:
RESTRICTED FUNDS		19		135,520		105,228
UNRESTRICTED FUNDS		19
General reserves			7,693,199		7,351,541
Designated	reserves		49,616		85,175
				7,742,815		7,436,716
				7,878,335		7,541,944

			2020		2019
Cash flows from operating	activities:
Net income for the year			336,391		415,186
Adjustments for:
Depreciation charges			435,066		444,968
Dividends, interest and rents from investments			(17,729)		(28,199)
Decrease in debtors			209,065		104,410
Increase in creditors			285,586		218,958
Net cash provided by operating activities				1,248,378		1,155,324
Cash flows from investing	activities:
Dividends, interest and rents from investments			17,729		28,199
Purchase oftangible fixed	assets		(268,009)		(416,204)
Net cash used in investing	activities			(250,279)		(388,005)
Cash flows from financing	activities:
Repayments of borrowing			(348,848)		(327,959)
Net cash used in financing	activities			(348,848)		(327,959)
Change in cash and cash equivalents		in the year		649,251		439,360
Cash and cash equivalents	at the beginning ofthe year			3,597,984		3,158,624
Cash and cash equivalents	at the end	ofthe year		4,247,235		3,597,984
Analysis ofcash and cash	equivalents
Cash at bank and in hand				4,247,235		3,751,683
Overdraft facility repayable	on demand					(153,699)
Total cash and cash equivalents				4,247,235		3,597,984

INCOME FROM I	NVESTMENTS
		UNRESTRICTED	RESTRICTED	TOTAL	TOTAL
				2020	2019
				6	6
Interest		17,729		17,729	28,199
		17,729		17,729	28,199
INCOME FROM CHARITABLE ACTIVITIES
				TOTAL	TOTAL
				2020	2019
				E	E
Gross School fees				11,308,263	10,782,269
Less:
Bursaries and allowances				(698,138)	(597,885)
COVID discounted	fees			(526,142)
COVID Hardship	Fund awards			(41,950)
Net School fees				10,042,033	10,184,384
Add:
Registration fees				46,137	48,605
Extras income				352,987	478,228
CIRS Grant Income				43,877
				10,485,034	10,711,217

	THE YEAR ENDED 31AUGUST	THE YEAR ENDED 31AUGUST	THE YEAR ENDED 31AUGUST	2020
9	ANALYSIS OF EXPENDITURE
						Staff	Depreciation	Other	Total	Total
						Costs		costs	2020	2019
						6		6	6	E
	Cost ofraising funds:
	Fundraising activities							564	564	9,115
	Total cost of raising funds							564	564	9,115
	Charitable expenditure
	Education
	Teaching					5,918,197	222,590	382,345	6,523,131	6,428,380
	Welfare					97,346		442,860	540,207	677,935
	Premises					85,372	212,476	915,154	1,213,002	1,372,204
	Support and governance					837,425		1,115,388	1,952,813	1,889,139
	Total charitable expenditure					6,938,340	435,066	2,855,747	10,229,153	10,367,658
	Total expenditure					6,938,340	435,066	2,856,310	10,229,717	10,376,773
	Analysis ofsupport and		governance		costs:				2020	2019
									6	E
	Auditors' remuneration		for audit services						15,620	14,500
	Other governance costs								575	324
	Total governance costs								16195	14824
	Support costs:
	Auditors' remuneration		for non audit services						13,170	13,440
	Legal and professional	fees relating to				support			101,144	58,511
	Support staff wages, national			insurance		and pension			837,425	805,758
	Loan interest								395,460	415,023
	Other support costs								589,419	581,583
									1,952,813	1,889,139

time equivalen	t employees during the year was:
		2020	2019
		Number	Number
Teaching		81	83
Premises		4	4
Support		12	13
		97	100
The aggregate	payroll costs for the year were as follows:
		2020	2019
		f	E
Wages and salaries		5,399,604	5,434,986
Social security	costs	560,971	585,153
Pension costs		977,765	698,204
		6,938,340	6,718,343

	2020		2019
	Number		Number
E60,000 —E69,999		5		8
f70,000-f79,999		4		3
F80,000 - E89,999		3		3
f90,000-f99,999		1		1
E160,000 - E169,999		1		1

			2020	2019
			f	f
Defined	contribution	schemes	9,849	9,656
Defined	benefits schemes		170,693	152,018
			180,542	161,674

	The key management	personnel	of the	School	are	detailed	in the Governors'	in the Governors'	Report	and	Legal and
	Administrative Information.
									2020		2019
									E		E
	Aggregate employee	benefits ofkey	management		personnel				871,800		916,677
	COMPARATIVE STATEMENT OF FINANCIAL			ACTIVITIES		- YEAR ENDED 31AUGUST 2019
							Unrestricted	Restricted			Total
							Funds	Funds			2019
							E		E		E
	INCOME FROM:
	Donations and legacies						38,397		14,146		52,543
	Other trading activities
	Investments						28,199				28,199
	Charitable activities						10,711,217				10,711,217
							10,777,813		14,146		10,791,959
	Raising funds								9,115		9,115
	Charitable activities						10,367,658				10,367,658
	Total expenditure						10,367,658		9,115		10,376,773
	Net income before transfers						410,155		5,031		415,186
	Net income						410,155		5,031		415,186
	Transfers between funds						12,330		(12,330)
	Net movement in funds						422,485		(7,299)		415,186
	Fund balances brought	forward					7,014,231		112,527		7,126,758
	Fund balances carried	forward					7,436,716		105,228		7,541,944

R T	HE YEAR ENDED 31AUGUST 20	20
12	TANGIBLE FIXEDASSETS
		Freehold	Fixtures and	Computer	Total
		Property f	Fittings f	Equipment F.
	Cost
	At 1September 2019	15,012,624	1,329,659	627,149	16,969,432
	Additions	35,559	42,876	189,574	268,009
	At 31August 2020	15,048,183	1,372,535	816,723	17,237,441
	Depreciation
	At 1September 2019	2,591,821	838,492	345,588	3,775,901
	Charge for year	212,477	75,690	146,899	435,066
	At 31August 2020	2,804,298	914,182	492,487	4,210,967
	Net BookValue
	At 31August 2020	12,243,885	458,353	324,236	13,026,474
	At 31August 2019	12,420,803	491,167	281,561	13,193,531

13	DEBTORS
			2020	2019
			E	f
	Fee debtors		190,600	267,362
	Prepayments	and accrued income	87,710	178,797
	Other debtors		9,674	50,891
			287,984	497,050
14	CREDITORS: due within one year
			2020	2019
			f	f
	Bank loans and overdrafts		382,192	357,616
	Trade creditors		150,974	158,722
	Other creditors		54,280	19,188
	Accruals		345,264	350,087
	Fees in Advance		1,053,661	813,763
	Deposits		1,493,159	1,486,699
	Other taxes and social security		162,207	145,494
			3,641,737	3,331,569

15	CREDITORS: due after	one year
						2020	2019
						6	6
	Bankloans					6,041,621	6,415,052
						6,041,621	6,415,052
16	Bankloans					2020	2019
						6	6
	Bank loans are wholly	repayable	in in stalm	ants	as follows.
	Less than one year					382,192	357,616
	In more than one year	but less than two years				408,207	382,193
	In more than two years	but less	than five	years		1,396,374	1,308,840
	In more than five years					4,237,040	4,724,020
						6,423,813	6,772,669