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|||||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||
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|||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|
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||||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|
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|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|
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||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|
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||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|
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|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|
##
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|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|
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