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|Directors||Mrs M Brickwood||||
|---|---|---|---|---|---|
|||MrJ Lingard||||
|||Mr T R Squires||||
|||Ms A Pavin||||
|||Ms L Henderson||||
|||Mr D Murphy||||
|||Mr J Edgar||||
|||Mr E Mills||(Appointed|21 January 2021)|
|Secretary||Ms D Maroothynaden||||
|Charity number||312733||||
|Company|number|708188||||
|Registered|office|Worcester Road||||
|||Wimbledon||||
|||London||||
|||SW197QQ||||
|Auditor||Jacob Cavenagh|8 Skeet|||
|||5 Robin Hood Lane||||
|||Sutton||||
|||Surrey||||
|||SM1 2SW||||
|Bankers||Barclays Bank Pic||||
|||Onslow
Hall||||
|||Little Green||||
|||Richmond||||
|||Surrey||||
|||TW9 IQS||||
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|||Page|
|---|---|---|
|Directors' report||1-7|
|Independent
auditor's|report|8-10|
|Statement
offinancial|activities||
|Balance sheet||12|
|Statement
ofcash flows||13|
|Notes to the financial|statements|14-25|
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|||Unrestricted|Restricted|Total Unrestricted|Total Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||funds|funds||funds|funds||
|||2021|2021|2021|2020|2020|2020|
|Notes||F||F||||
|Income and endowments|from:|||||||
|Donations
and legacies||4,920|29,315|34,235|550|22,395|22,945|
|Charitable
activities||3,288,571||3,288,571|3,270,474||3,270,474|
|Investments||15||15|172||172|
|Other income||9,334||9,334|83,935||83,935|
|Total income||3,302,840|29,315|3,332,155|3,355,131|22,395|3,377,526|
|Ex enditure
on:||||||||
|Raising funds||366||366|1,116||1,116|
|Charitable
activities|6|3,224,844|25,642|3,250,486|3,294,571|15,390|3,309,961|
|Total expenditure||3,225,210|25,642|3,250,852|3,295,687|15,390|3,311,077|
|Net income before transfers||77,630|3,673|81,303|59,444|7,005|66,449|
|Gross transfers||||||||
|between
funds||3,673|3,673||7,005|(7,005)||
|Net income for the year/||||||||
|Net movement
in funds||81,303||81,303|66,449||66,449|
|Fund balances at 1||||||||
|September 2020||||||||
|As originally
reported||2,679,436||2,679,436|2,220,065||2,220,065|
|Prior year adjustment|19|(392,922)||(392,922)||||
|As restated||2,286,514||2,286,514|2,220,065||2,220,065|
|Fund balances at 31August
2021||2,367,817||2,367,817|2,286,514||2,286,514|
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|||||Notes|2021
f|2020
f|
|---|---|---|---|---|---|---|
|Fixed assets|||||||
|Tangible assets|||||4,716,800|4,600,822|
|Current assets|||||||
|Debtors|||||59,266|77,528|
|Cash at bank and in||hand|||329,920|690,878|
||||||389,186|768,406|
|Creditors:|amounts|falling due within|||||
|one year|||||(798,655)|(995,841)|
|Net current|liabilities||||(409,469)|(227,435)|
|Total assets less current|||liabilities||4,307,331|4,373,387|
|Creditors:|amounts|falling|due after||||
|more than|one year|||12|(1,939,514)|(2,086,873)|
|Net assets|||||2,367,817|2,286,514|
|Income funds|||||||
|Unrestricted|funds||||2,367,817|2,286,514|
||||||2,367,817|2,286,514|
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||||||2021||2020||
|---|---|---|---|---|---|---|---|---|
|||||Notes|||F||
|Cash flows from operating|||activities||||||
|Cash (absorbed
by)/generated
operations|||from|17||(121,846)||173,666|
|Investing|activities||||||||
|Purchase|of tangible fixed assets||||(194,387)||(101,800)||
|Investment|income received||||15||172||
|Net cash|used in investing||activities|||(194,372)||(101,628)|
|Financing|activities||||||||
|Proceeds|of new bank loans||||50,000||500,000||
|Repayment|of bank loans||||(94,740)||(93,647)||
|Net cash
financing|(used in)/generated
activities||from|||(44,740)||406,353|
|Net (decrease)/increase
in
equivalents||cash and||cash||(360,958)||478,391|
|Cash and|cash equivalents|at beginning||ofyear||690,878||212,487|
|Cash and|cash equivalents||at end of|year||329,920||690,878|
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|The average
monthly
number ofemployees
during the|year was:||
|---|---|---|
||2021|2020|
||Number|Number|
|Teaching|44|40|
|Premises
and administration|9|9|
|Total|53|49|
|Employment
costs|2021|2020|
|Wages and salaries|1,711,337|1,705,290|
|Social security costs|176,496|172,303|
|Other pension costs|203,448|302,396|
||2,091,281|2,179,989|
|2021|2020|
|---|---|
|Number|Number|
|||||2021|2020|
|---|---|---|---|---|---|
|Advance|payment|scheme|interest|366|1,116|
|||||366|1,116|
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|School operating
and|governance
costs|||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||f|f|2021
f|2020f|
|Direct costs||||||
|Teaching: Staff costs||1,815,520|25,642|1,841,162|1,881,156|
|Teaching: Other costs||143,161||143,161|141,187|
|Welfare: Other costs||188,485||188,485|193,865|
|Premises: Staff costs||60,660||60,660|87,633|
|Premises: Other costs||349,550||349,550|135,676|
|Scholarships,
bursaries|&discounts|137,743||137,743|191,923|
|||2,695,119|25,642|2,720,761|2,631,440|
|Support costs||||||
|Staff costs||214,865||214,865|246,170|
|Depreciation
-owned assets||147,033||147,033|165,926|
|Governance
costs - Audit fee||7,931||7,931|8,263|
|Other fees paid to Auditors||3,960||3,960|3,830|
|Legal &professional||17,729||17,729|44,977|
|Inspection||3,870||3,870|3,865|
|Bank interest payable||81,801||81,801|80,019|
|Change
in fair value of|interest rate swap|(84,964)||(84,964)|(29,327)|
|Other costs||137,500||137,500|154,798|
|||529,725||529,725|678,521|
|||3,224,844|25,642|3,250,486|3,309,961|
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|7|Tangible fixed assets|Tangible fixed assets|||||||
|---|---|---|---|---|---|---|---|---|
||||||Land and|Fixtures,|Computers|Total|
||||||buildings|fittings 8|||
|||||||equipmentf|||
||Cost||||||||
||At 1 September 2020||||5,837,716|323,704|160,815|6,322,235|
||Additions||||229,137|6,962|26,912|263,011|
||Disposals|||||(48,193)|-|(48,193)|
||At 31August|2021|||6,066,853|282,473|187,727|6,537,053|
||Depreciation|and impairment|||||||
||At 1 September 2020||||1,360,367|229,845|131,201|1,721,413|
||Depreciation|charged|in the year||108,084|17,194|21,755|147,033|
||Eliminated
in|respect ofdisposals||||(48,193)|-|(48,193)|
||At 31August|2021|||1,468,451|198,846|152,956|1,820,253|
||Carrying
amount||||||||
||At 31August|2021|||4,598,402|83,627|34,771|4,716,800|
||At 31August|2020|||4,477,349|93,859|29,614|4,600,822|
|8|Financial instruments||||||2021f|2020f|
||Carrying
amount offinancial|||liabilities|||||
||Measured
at|fair value|through|profit or loss|||||
||-Other financial
liabilities||||||307,958|392,922|
|9|Debtors||||||||
||Amounts
falling due||within|one year:|||2021|2020f|
||Trade debtors||||||13,672|10,555|
||Other debtors||||||4,254|16,167|
||Prepayments|and accrued income|||||41,340|50,806|
||||||||59,266|77,528|
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||||2021|2020f|
|---|---|---|---|---|
|Bank loans|||1,461,395|1,506,135|
|Payable|within one year||106,839|99,767|
|Payable|after one|year|1,354,556|1,406,368|
|Amounts|included|above which fall due after five years:|||
|Payable|by instalments||529,547|585,077|
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|Creditors|: amount|s
falling|du|e aft|er more than one yea|r|||
|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|
|||||||Notes|||
|Loans and overdrafts||||||10|1,354,556|1,406,368|
|Derivative|financial|instruments||- Interest rate swap|||307,958|392,922|
|Deferred|income -|Advance|payment||scheme|14||1,833|
|Pupils security deposits|||||||277,000|285,750|
||||||||1,939,514|2,086,873|
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|||||2021f|2020|
|---|---|---|---|---|---|
|Fees in|advance|||459,211|499,980|
|Advance|Payment Scheme|||2,667|17,112|
|||||461,878|517,092|
|Deferred|income is included|in the financial statements|as follows:|||
|||||2021|2020f|
|Current|liabilities|||461,878|515,259|
|Non-current
liabilities|||||1,833|
|||||461,878|517,092|
##
|Operating
lease|com|mitments|||||||
|---|---|---|---|---|---|---|---|---|
|At the reporting|end|date the|charity|had outstanding|commitments|for future|minimum
lease|payments|
|under non-cancellable||operating|leases, which fall due||as follows:||||
||||||||2021f|2020f|
|Within one year|||||||40,666|11,417|
|Between two and|five|years|||||156,492|1,543|
|In over five years|||||||149,971||
||||||||347,129|12,960|
|||2021f|2020f|
|---|---|---|---|
|Aggregate|compensation|178,557|191,540|
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||||||||
|---|---|---|---|---|---|---|
|Cash generated
from operations|||||2021|2020|
|Surplus
for the year|||||81,303|66,449|
|Adjustments
for:|||||||
|Investment
income recognised
in statement
Fair value change
in interest rate swap|||offinancial|activities|(15)
(84,964)|(172)
(29,327)|
|Depreciation
and impairment
of|tangible|fixed assets|||147,033|165,926|
|Movements
in working
capital:|||||||
|Decrease/(increase)
in debtors
(Decrease)
in creditors|||||18,262
(228,251)|(41,737)
(45,176)|
|(Decrease)/increase
in deferred|income||||(55,214)|57,703|
|Cash (absorbed
by)/generated|from operations||||(121,846)|173,666|
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|Analysis of|changes
in net (debt)/funds|||||
|---|---|---|---|---|---|
|||At 1 September|Cash flows|Fair value|At 31August|
|||2020||movements|2021|
|Cash at bank and in hand||690,878|(360,958)||329,920|
|Loans falling|due within one year|(99,767)|(7,072)||(106,839)|
|Loans falling|due after more than one year|(1,406,368)|51,812||(1,354,556)|
|Derivatives|relating to debt|(392,922)||84,964|(307,958)|
|||(1,208,179)|(316,218)|84,964|(1,439,433)|
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|Changes|to th|e balance s|heet||||
|---|---|---|---|---|---|---|
|||||At 31August 2020|||
|||||As previously|Adjustment|As restated|
|||||reported||f|
|Creditors|due|after one year|||||
|Derivatives|||||(392,922)|(392,922)|
|Total funds||||2,679,436|(392,922)|2,286,514|
|Changes|to the statement||offinancial activities||||
|||||Period ended 31August||2020|
|||||As previously|Adjustment|As restated|
|||||reported
E|f||
|Charitable|activities|||3,339,288|(29,327)|3,309,961|
|Net movement||in funds||37,122|29,327|66,449|