2020-07-31-accounts

	Page
Reference and Administrative Information
Report ofthe Governors	2 —8
Report ofthe Independent Auditors	9-11
Statement of Financial Activities	12
Balance Sheet
Cash Flow Statements	14
hiotes to the Financial Statements	15-26

Governing	document:	Memorandum and Artides ofAssociation
Charity number.		312737
Company number:		958054
Governors:		James Fyie (Chairman)
		Sue Shale (Vice-Chairman)
		Kevin Lake
		Lorenzo Mayol-Navarette
		Susan Sturrock
		lan Bogle
Company Secretary and Clerk tothe Governor:		Clarissa Ralston-Boyle —From January 2020
		Amanda Barker —Until January 2020
Key management:
Head:		Faith Hagerty —From March 2021
Co-Heads:		Mike Keeley —Until March 2021
		Amanda Leach —Until March 2021
Bursas Director ofFinance and Resources:		Susan Meadows —Until August 2020 Bobbie Elliott —From April 2021
Registered	offic:	22-24Pont Street
		London
		SW1X OAA
Auditors:		Azets Audit Services
		Chartered Accountants
		2~ Floor, Regis House
		45 King William Street
		London
		EC4R 9AN
		Coutts &Co
		440Strand
		London
		WC2R OQS

		Unrestricted	Restricted	Total funds	Total funds
		funds	funds	2020	2019
		8	8	8
Incoming resources
Donations		4,668	37,196	41,864	30,593
Charitable activities
Fees receivable		3,637,924	(45,993)	3,591,931	3,600,784
Sundry other income		27,529		27,529	13,274
Other trading activities		308,480		308,480	314,027
Investment income		7,798		7,798	8,995
Other income		101,485		10'i,485
Total movement in funds		4,087,884	(8,797)	4,079,087	3,987,873
Resources expended
Charitable activises
Raising funds		42,516		42,516	45,963
Charitable activities
Tuition costs	8	2,652,472	12,600	2,665,072	2,630,581
School operating costs	9	1,105,866		1,105,866	1,148,618
Total resources expended		3,800,854	12,600	3,813,454	3,825,162
Net movement in funds		287,030	(21,397)	265,633	142,511
Transfers
Total movement in funds		287,030	(21,39?)	285,633	142,511
Reconciliation offunds
Total funds brought forward		1,323,201	113,258	1,436,459	1,293,948
Total funds carried forward	19	1,610,231	91,861	1,702,092	1,436,459

		Note	2020		2019
Fixed assets
Tangible assets		15		488,410		531,110
Current assets
Debtors		16	278,418		460,939
Cash at bank and	in hand		2,084,155		1,742,939
			2,362,573		2,203,878
Current liabilities
Creditors: amounts year	falling due within one				(741,155)
Net Cunent assets				1,674,114		1,462,723
Total assets less current liabilities				2,162,524		1,993,833
Creditors: amounts than one year	falling due after more			(460,432)		(557,374)
Net Assets				1,702,092		1,436,459
Funds and reserves
Unrestricted funds		19		1,508,286		1,276,816
Designated funds		19		101,945		46,385
Restricted funds		19		91,861		113,258
Total funds				1,702,092		1,436,459

		Notes	2020 f	2019 6
Net cash	provided by operating activities	24	432,197	111,056
Cash flows from investing activities			7,798	8,995
Purchase	oftangible fixed assets		(98,779)	(86,703)
Net cash	provided by investing activities		(90,981)	(77,708)
Changes	in cash and cash equivalents in the year		341,216	33,348
Cash and	cash equivalents brought forward		1,742,939	1,709,591
Cash and	cash equivalents carried forward		2,084,155	1,742,939
The notes	on pages 15to26form part ofthese financial statements.

Donations and l	egacies
		Unrestricted	Restricted	Total	Total
		Funds	Funds	2020	2019
			6	6	6
Various donations		4,668		4,668	442
Levy Scheme			24,656	24,656	25,000
Various restricted	donations		12,540	12,540	5,151
		4,668	37,196	41,864	30,593

Income from charitable activities
	Unrestricted	Restricted	Total	Total
	Funds f	Funds	2020 6	2019 6
Gross tuition fees receivable	3,905,849		3,905,849	3,962,814
Less: Bursaries and scholarships	(267,925)	(45,993)	(3'I3,918)	(362,030)
Deposits forfeited	27,529	-	27,529	13,274
	3,665,453	(45,993)	3,619,460	3,614,058

Income from other trading ac	tivities
	Unrestricted	Restricted	Total	Total
	Funds	Funds	2020	2019
	6	6	6	6
Sale ofmeals	253,896		253,896	249,288
Sundry income	54,584		54,584	64,739
	308,480		308,480	314,027

Inves	tment inoome
		Unrestricted	Restricted	Total	Total
		Funds	Funds	2020	2019
		8	6	6	6
Bank	interest	7,798		7,798	8,995
		7,798		7,798	8,995

Other incom	e
						Unrestricted	Restricted	Total	Total
						Funds	Funds	2020	2019
							6	6	6
Job retention	scheme					101,485		101,485
						101,485		101,485
Raising funds
						Unrestricted	Restricted	Total	Total
						Funds	Funds	2020	2019
						6	6	6	6
Advertising	and marketing					18,310		18,310	10,536
School advertising			and	other costs		24,206		24,206	35,427
						42,516		42,516	45,963
In 2019, all	of	the costs were attributable				tothe unrestricted	fund.
Tuition costs
						Unrestricted	Restricted	Total	Total
						Funds	Funds	2020	2019
						6		6	6
Teaching	salaries			induding	national	2,290,074		2,290,074	2,265,013
insurance and		superannuation
Academic departmental				expenditure		194,343	12,500	206,843	275,600
Staff courses,		meetings		and travelling		10,957		10,957	17,523
Subscriptions		and	publications			11,744		11,744	11,868
Speech day	and prize			giving		3,984	100	4,084	5,500
Educational	visits					17,445		17,445	{1,590)
Bad debts						119,546		119,546	52,907
Other costs						4,379		4,379	3,760
						2,652,472	12,600	2,665,072	2,630,581

School operating costs	School operating costs
			Unrestricted	Restrichrd	Total	Total
			Funds	Funds	2020	2019
			6	6	6	6
Administrative salaries	including	national	221,525		221,525	232,339
insurance and pensions
Catering and cleaning			170,738		170,738	205,942
Rent and rates			196,030		196,030	156,122
Photocopying, postage,	stationery	and	65,563		65,563	101,042
telephone
Depreciation			141,479		141,479	136,888
Maintenance and repairs			190,428		190,428	152,063
Insurance			37,003		37,003	38,889
Light and heat			26,359		26,359	24,429
Sundry expenses			35,984		35,984	54,364
Governance costs:
Legal and professional	fees		2,780		2,780	30,565
Audit and accountancy	fees		17,833		17,833	15,975
External courses for governors			144		144
			1,105,866		1,105,866	1,148,618

				Total	Total
				2020	2019
				6	6
Net movement		in funds is stated after charging:
Depreciation				141,479	136,888
Auditor's remuneration				17,833	15,975
Operating	lease rentals			159,762	146,053
Auditors	remuneration
				Total	Total
				2020	2019
				6	6
Audit fess				8,040	7,680
Payroll services				7,484	7,815
Other services				2,220
Over/under	accruals		in prior years	89	480
				17,833	15,975

15.	Tangible Fixed Assets		Leasehokl	Furniture &	Total
			Improvements 8	Equipment f
	Cost
	At 1 August 2019		749,160	558,028	1,307,188
	Additions		69,105	29,674	98,779
	At 31 July 2020		818,265	587,702	1,405,967
	Depreciation
	At 1 August 2019		328,547	447,531	776,078
	Charge for the year		71,957	69,522	141,479
	At 31July 2020		400,504	517,053	917,557
	Net BookValue
	31July 2020		417,761	70,649	488,410
	31 July 2019		420,613	110,497	531,110
16.	Debtors			Total	Total
				2020	2019
				R	K
	Tuition fees receivable (Less provision for bad		debts)	147,106	106,232
	Prepayments and accrued income			131,312	354,707
				278,418	460,939
17.	Creditors: amounts falling	due within one year
				Total	Total
				2020	2019
				R	6
	Fees received from parents	in advance ofterm		4,345	10,275
	Trade creditors			78,555	192,580
	Deposits held in respect of pupils			184,129	167,937
	Other tax and social security			1,160
	Accruals and deferred income			363,142	277,608
	Fees in advance scheme (note 18.1)			18,930	59,730
	Other Creditors			38,198	33,025
				888,459	741,155

Creditors: amounts falling due after more than one ye	ar
	Total	Total
	2020	2019
	6	6
Deposits held in respect ofpupils	460,432	518,494
Fees in advance scheme (note 18.1)		38,880
	460,432	557,3?4

notice. Assuming pupils w	ill remain in the School, fees in	advance will be applied as follow	s:
		Total	Total
		2020	2019
		6	6
After five years
Within two to five years
Within one to two years			38,880
			38,880
Within one year		18,930	59,730
		18,930	98,610
Summary ofmovement	in liability:
Balance at 1 August 2019		98,610
New contracts
Amounts refunded upon pupil leaving Amounts used to pay fees		(39,900) (39,760)
Balance at 31July 2020		18,930

Movement in fund	s —Prior yea	r
		At 1August	Incoming		Outgoing	Transfers	At 31July
		2018 6	resources 6		rssoul'ces 6	6	2019 f
Unrestricted funds
General fund - undesignated		1,160,161	3,979,654		(3,816,614)	(46,385)	1,276,8'i6
General fund - designated						46,385	46,385
		1,160,161	3,979,654		(3,816,614)		1,323,201
Restricted funds
Bursary Fund		104,550	(17,132)				87,418
Germing Prize Fund		2,877			(100)		2,777
Ndoca Educational	Fund	26,360			(3,297)		23,063
Other Educational	Funds		5,151		(5,151)
		133,787	(11,981)		(8,548)		113,258
		1,293,948	3,967,673		(3,825„162)		1,436,459
Analysis ofnet assets between funds
		Unrestricted		Restricted		Total	Total
		Revenue			Revenue	2020	2019
					6	6	8
Fund balances at 31 July 2020 are presented by:
Tangible fixed assets			488,410			488,410	531,110
Net current assets			1,582.253		91,861	1,674,114	1,462,723
Long term liabilities			(460,432)		-	(460,432)	(557,374)
			1,610,231		91,861	1,702,092	1,436,459

Operating lease comm	itments
				Total	Total
				2020	2019
				6	8
Total future minimum leases as follows:	lease payments	under non~ncellable	operating
Not later than one year				202,721	143,456
Later than one and not	later than five	years		750,221	518,841
Later than five years				441,042	408,633
				1,393,984	1,070,930

Reconciliation ofnet c	ash	provided by	operating activities
				Total	Total
				2020	2019
				8
Net (expenditure)/income	for	the reporting	period	265,633	142,511
Adjustments for:
- Depreciation				141,479	136,888
-Decrease/(Increase)		in debtors		182,521	(221,659)
-(Decrease)/increase		in creditors		(149,638)	62,311
- Interest received				(7,796)	(8,995)
				432,197	111,056