## ## ||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|