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|||||Elstree Bo s|||Elstree Girls||
|---|---|---|---|---|---|---|---|---|
|Affiliations||||HMC —Headmasters'||&|GSA —Girls' School Association||
|||||Headmistresses'<br>Conference|||GBGSA —Governing|Bodies of|
|||||IAPS —Independent<br>Association|||Girls' Schools Association||
|||||Of Prep Schools|||||
|||||IBSC —International|Boys'||||
|||||School Coalition|||||
|ISI|Inspection||date|November/December||2011|January 2014||
|(reports on||ISI|website)|RCI November 2017|||RCI January 2018||
|Pu|ils atSe tember 2020|||1 412|||1,171||
|2020 GCSE|||rades A"/9/8 &A/7|93.7%|||95.3%||
|2020 A Levels|||rades A* to B|98.2%|||97.4%||



## 

## 



## 

|n|statement||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|To|discharge<br>properly<br>the|role of||Trustee|||||||||||
|To|provide highest<br>quality|governance|||||||||||||
|To|develop<br>the influence|of|the Haberdashers'|||Company<br>in|the||field of||education||||
|To|enable the Haberdasher||Schools to take an|||independent|view on the||||students'||educational|needs|
|To|promote common<br>values||in Haberdasher||schools:||||||||||
||Attributable<br>to pupils:|||||Attributable|to||schools:||||||
||Open minded<br>/ intellectual|||curiosity||Aspirational|||/ stretching||||||
||Good citizenship|||||Accessible|||||||||
||Cultural<br>diversity|||||Academic||equality||ofopportunity|||||
||Rounded|||||Ethical|||||||||
||Innovative|||||Humane|||||||||
||Co-operative|||||Exciting|||||||||
|||||||Supportive|||of Christian|||values|||



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## 

|chools t<br>elow:|o maintain<br>no unr|estricted<br>gen|era|l<br>fund|res|erve.|Other polic|ies|for|unrestricte|d<br>gene|ral<br>funds ar|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|General|Funds|Policy||||||||||Balance at|
|||||||||||||31 August|
|||||||||||||2020|
|||||||||||||E.'000|
|Schools|and Governors|To maintain|sufficient||balance||in general|funds||only to meet|||
|eneral|funds|da -to-da|re|uirements||for workin<br>ca||ital.||||198|
|Foundation<br>income fund||Net income|is distributed|||to the|Schools'|Governors<br>during|||the||
|||year and a|small fund||balance||at the year|end arises only|||from|47|
|||re aid ex|enditure.||||||||||
|Pension|fund|The scheme||surplus|or|deficit|as calculated||under FRS102 is||||
|see note 17||an unrestricted||fund balance.||||||||1,587|





## 

|The following|reserves are|reserves are|held|as restricted|as restricted|or|designated|funds for specific|funds for specific|purposes:|purposes:||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Restricted|and||Policy|||||||||Balance at|
|Designated|Funds|||||||||||31 August|
|||||||||||||2020|
|||||||||||||f'000|
|Schools restricted||fund|To|rovide|bursaries||scholarshi|s and|rize funds as directed|||120|
|Simon Stuart<br>endowment|||To|provide|bursaries||for the Boys' School||||||
|Bursaries<br>A|eel|Fund|To|rovide|bursaries||for both schools|||||157|
|Charity<br>Designated||fund|Interest arising <br>b<br>the Charit|||specifically<br>on the fees in advance||||monies|held|42|



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## 

||||Unrestricted|Funds||||||
|---|---|---|---|---|---|---|---|---|---|
|||||Asks's|Asks's|Restricted|Endowment|||
||||Schools<br>E'000|Income<br>E'000|Designated<br>E'000|Funds<br>E.'000|Funds<br>E'000|2020<br>F'000|2019<br>8'000|
|Income and endowments|from:|||||||||
|Donations|||14|||36||50|73|
|Charitable<br>activities:||||||||||
|School fees||3|44,502|||||44,502|45,410|
|Other educational<br>income|||1,672|||131||1,803|2,195|
|Ancillary<br>trading<br>income|||129|||||136|185|
|Other trading<br>activities:||||||||||
|Trading<br>income|||1,975|||||1,975|2,551|
|Other income:||||||||||
|Coronavirus<br>job retention|scheme|||||543||543||
|Investments:||||||||||
|Investment<br>income||2|149||42||38|234|809|
|FRS102 pension scheme<br>interest||17|242|||||242|343|
||||48,683||42|715|38|49,485|51,566|
|Expenditure<br>on:||||||||||
|Raising funds:<br>Loan interest|||154|||||154|275|
|Fees in advance<br>discount|||163|||||163|135|
|Investment<br>management<br>Trading cost of subsidianes|||7<br>2,248|||||7<br>2,248|13<br>3,211|
|Charitable<br>activities:||||||||||
|Schools|||41,952|846||822|2,036|45,656|43,795|
|FRS102 pension scheme<br>interest cost||17|276|||||276|365|
|||4|44,800|846||822|2,036|48,504|47,794|
|Net gains on investments||7|53||||834|887|1,409|
|Net income/(expenditure)|||3,936|(839)|42|(107)|(1,164)|1,868|5, 181|
|1ransfers between funds||5|(4,715)|808||(189)|4,096|||
|Other recognised<br>gains:||||||||||
|Actuarial<br>gains/(losses)<br>on<br>defined<br>benefit scheme||17|287|||||287|(1,049)|
|Net movement<br>in funds|||(492)|(31)|42|(296)|2,932|2,155|4,132|
|Reconciliation<br>of Funds:||||||||||
|Total funds<br>brought<br>forward|||(896)|78||575|100,908|100,665|96,533|
|Total funds carried forward||||1,388)|47|42|279|103,840|102,820|100,665|





## 

## 

||||||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Note|2020|2019|2020|2019|
||||||||6'000|8'000|6'000|8'000|
|Fixed assets:|||||||||||
|Tangible assets||||||6|81,520|76,357|81,520|76,357|
|Investments||||||7|34,703|37,760|34,703|37,760|
||||||||116,223|114,117|116,223|114,117|
|Current assets:|||||||||||
|Stocks|||||||17|100|17|100|
|Debtors||||||9|1,409|1,367|1,409|1,546|
|Investments|||||||9,464|11,107|9,464|11,107|
|Cash at bank and|in|hand|||||392|315|388|294|
||||||||11,282|12,889|11,278|13,047|
|Liabilities:|||||||||||
|Creditors: amounts||falling|due within||||||||
|one year||||||10|(11,899)|(12,944)|(11,896)|(13,103)|
|Net current<br>liabilities|||||||(617)|(55)|(618)|(56)|
|Total assets less|current|||liabilities|||115,606|114,062|115,605|114,061|
|Creditors: amounts||falling||due|in more||||||
|than one year||||||11|(11,199)|(11,516)|(11,199)|(11,516)|
||||||||104,407|102,546|104,406|102,545|
|Defined<br>benefit pension scheme|||||liability|17|(1,587)|(1,881)|(1,587)|(1,881)|
|Total net assets|||||||102,820|100,665|102,819|100,664|
|The Funds ofthe <br>Endowment<br>funds|Charity:|||||5|103,840|100,903|103,840|100,903|
|Restricted<br>funds||||||5|279|580|279|580|
|Unrestricted<br>funds:|||||||||||
|Designated<br>funds<br>General<br>funds||||||5<br>5|42<br>245|1,062|42<br>245|1,062|
|Non-charitable|trading||funds|||5|1|1|||
|Pension scheme||fund||||5|(1,587)|(1,881)|(1,587)|(1,881)|
|Total Charity Funds|||||||102,820|100,665|102,819|100,664|



## 



## 

||||||2020|2020|2019|2019|
|---|---|---|---|---|---|---|---|---|
||||||E'000|E'000|E'000|E'000|
|Net cash (used in)/provided|by|operating||activities||(711)||7,658|
|Cash flows from investing|activities:||||||||
|Investment<br>income received|||||234||809||
|Purchase<br>oftangible<br>fixed assets|||||(9,425)||(7,689)||
|Purchase<br>of investments|||||(187)||(1,209)||
|Proceeds from sale of investments|||||6,058||1,166||
|Drawn<br>from Charities<br>Investment||Pool (Total Return)|||3,722||180||
|Net cash used<br>in investing|activities|||||402||(6,743)|
|Cash flows from financing|activities:||||||||
|Repayment<br>of borrowing||||||(1,257)||(1,230)|
|Change<br>in cash and cash <br>reporting<br>period|equivalents||in the|||(1,566)||(315)|
|Cash and cash equivalents|at the|beginning||of the|||||
|reporting<br>period||||||11,422||11,737|
|Cash and cash equivalents<br>reporting<br>period|at the end of|||the||9,856||11,422|





## 

## 

|ASH PROVI|DED BY|OPER|ATING ACTI|VITIES|||
|---|---|---|---|---|---|---|
||||||2020|2019|
||||||E'000|E'000|
|Net income|for the reporting||period||1,868|5,181|
|Adjustments|for:||||||
|Gains on investments|||||(887)|(1,402)|
|Investment|income||||(234)|(809)|
|Depreciation|||||3,291|2,962|
|Loss on disposal of fixed asset|||||971|12|
|Pension scheme adjustment|||||(7)|(26)|
|Decrease<br>in|stocks||||83|16|
|(Decrease)/increase||in creditors|||(105)|2,257|
|Increase<br>in|debtors||||(42)|(301)|
|Increase<br>in|cash held for investment||||(5,649)|(232)|
|Net cash (used in)/provided|||by operating|activities|(711)|7,658|



## 

||||2020|2019|
|---|---|---|---|---|
||||E'000|E'000|
|Cash|in hand||392|315|
|Investments||(current assets)|9,464|11,107|
|Total|cash and cash equivalents||9,856|11,422|



## 

|YSIS|OF CHANGES<br>IN NET FUNDS||||
|---|---|---|---|---|
|||At 1|||
|||September||At 31|
|||2019|Cash|August|
|||E'000|flows|2020|
||||E'000|E'000|
|Cash|in hand|315|77|392|
|Cash|equivalents|11,107|(1,643)|9,464|
|Loans <br>Loans|falling due within one year<br> falling due after more than one year|(1,422)<br>(5,509)|564<br>693|(858)<br>(4,816)|
|Net funds||4,491|i309i|4, 182|





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## 



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## 

## 

|2.<br>INVES|TMENT<br>INCOME||||||
|---|---|---|---|---|---|---|
||||||2020|2019|
||||||8'000|8'000|
|Interest from|bank deposits||||120|235|
|Income from|listed investments||||79|187|
|Income from <br>Distributions|investment<br>property<br>from Haberdashers'|Charities|Investment|Pool (Total Return)|(3)<br>38|387|
||||||234|809|
|FRS102 pension scheme interest|||||242|343|
||||||476|1,152|



## 

|TUITION|FEES|||||
|---|---|---|---|---|---|
|||||2020|2018|
|||||8'000|8'000|
|Gross Fees||||48,510|49,705|
|Less:||||||
|Scholarships||||(878)|(868)|
|Bursaries||||(2,280)|(2,390)|
|Staff fee|remission|||(850)|(1,037)|
|||||44,502|45,410|
|Numbers<br>of pupils<br>Scholarships<br>Bursaries||benefiting|from:|298<br>166|266<br>173|





## 

## 

|TOTAL RESOURCES EX||P|ENDED||||||
|---|---|---|---|---|---|---|---|---|
||||||Other||||
|||||Staff|direct|Deprec-|Total|Total|
|||||Costs|costs|iation|2020|2019|
|||||6'000|6'000|6'000|6'000|6'000|
|Raising funds:|||||||||
|Loan interest|||||154||154|275|
|Investment<br>management|||||7||7|13|
|Fees in advance<br>discount|||||163||163|135|
|Trading costs of subsidiary||||61|2,187||2,248|3,211|
|||||61|2,511||2,572|3,634|
|Charitable<br>expenditure:|||||||||
|Teaching costs<br>School welfare||||21,487<br>173|2,052<br>2,250||23,539<br>2,423|25,571<br>2,379|
|School premises costs<br>Public relations<br>and marketing||||1,228|7,210<br>184|2,036<br>-|10,474<br>184|9,336<br>195|
|Grants<br>paid to Haberdashers'<br>Federation<br>Trust|||||430||430|433|
|Supportcosts<br>Governance<br>costs||||4,991<br>11|2,287<br>62|1,255<br>-|8,533<br>73|5,802<br>79|
|FRS102 pension scheme <br>costs||interest|||276||276|365|
|||||27,890|14,751|3,291|45,932|44,160|
|Total resources expended||||27,951|17,262|3,291|48,504|47,794|
||||||||2020|2019|
||||||||6'000|6'000|
|Charitable<br>expenditure||includes:|||||||
|Remuneration<br>ofSchools'||auditors||for audit services|||38|34|
|Remuneration<br>of Charity's|||auditors|for audit services|||10|11|
|Rentals under operating<br>leases:<br>Equipment<br>Payment to the Trustee for service||||charges|||587<br>18|580<br>17|





## 

## 

## 

|TOTAL|RESOURCES|EXPENDED (continued)|EXPENDED (continued)|||
|---|---|---|---|---|---|
|||||2020|2019|
|||||f'000|f'000|
|Staff costs comprised:||||||
|Wages|and salaries|||21,040|20,934|
|Social security costs||||2,373|2,206|
|Pension|contributions|||4,276|3,271|
|Other costs||||144|169|
|Payment|ofTrustees'|staff under paymaster|agreement|118|117|
|||||27,951|26,697|



|to the various entities managed<br>by the Haberd|to the various entities managed<br>by the Haberd|to the various entities managed<br>by the Haberd|to the various entities managed<br>by the Haberd|ashers'|ashers'|Co|mpany<br>on the b|mpany<br>on the b|asis of time|asis of time|spent|spent|.|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Reimbursed<br>expenses<br>of f280 (2019: fNil)||||were||paid|to Schools'||Governors||during||the|year.|No|
|remuneration<br>or|payment<br>for services||were paid to||the|Trustees||or to any ofthe Schools' Governors.||||||||
|The day-to-day<br>running<br>ofthe||Schools is delegated|||to|the|Heads and the||Chief|Operating||Officer.||They are||
|also supported|by the Senior Management|||Teams||and|together<br>this||group|are|the|key management||||
|personnel.||||||||||||||||
|||||||||||||2020||2019||
|||||||||||||f'000||f'000||
|Aggregate|employee-benefits||of key management||||personnel|||||3,659||3,238||
|The average<br>numbers<br>ofemployees|||in the year were:|||||||||||||
|||||||||||||2020|||2019|
||||||||||||||No.||No.|
|Teaching<br>staff<br>Other staff|||||||||||||326<br>196||329<br>200|
||||||||||||||522||529|
|Numbers|of higher-paid|employees<br>earning|||in excess of|||f60,000 were:||||||||
|||||||||||||2020|||2019|
||||||||||||||No.||No.|
|f60,001 to f70,000|||||||||||||42||48|
|f70,001 to f80,000<br>f80,001 to f90,000|||||||||||||22<br>3||11<br>6|
|f90,001 tof100,000|||||||||||||3|||
|f100,001|tof110,000||||||||||||1||3|
|f120,001|tof130,000||||||||||||1||1|
|f140,001|to f150,000||||||||||||1||1|
|f170,001|to f180,000||||||||||||2||2|






## 

## 

## 

|(a) Fund Movements|(a) Fund Movements|Balance|||Other||Balance|
|---|---|---|---|---|---|---|---|
|||1September|||recognised|Net|31August|
|||2019|Income|Expenditure|Gain/loss|Transfers|2020|
|||8'000|r.'000|0000|6'000|6'000|0000|
|Designated<br>funds|- Charity:|||||||
|Charity designated|fund||42||||42|
|General funds —Charity:||||||||
|Schools general<br>fund||||||||
|excluding<br>pension|reserve|984|46,639|(42,135)|53|(5,343)|198|
|Pension<br>reserve||(1,881)|242|(417)|287|182|(1,587)|
|Aske Income Fund||(897)<br>78|46,881<br>7|(42,552)<br>(846)|340|(5,161)<br>808|(1,389)<br>47|
|Total unrestricted|funds—|||||||
|Charity||(819)|46,930|(43,398)|340|(4,353)|(1,300)|
|Non-charitable<br>trading<br>funds||1|1,802|(2,248)||446|1|
|Total unrestricted|funds—|||||||
|Group||(818)|48,732|(45,646)|340|(3,907)|(1,299)|
|Restricted funds||||||||
|Schools restricted|funds|429|710|(819)||(200)|120|
|Simon Stuart Scholarship<br>Bursaries Appeal<br>Fund||2<br>144||(3)||11|2<br>157|
|Total restricted funds||575|715|(822)||(189)|279|
|Endowment<br>funds||||||||
|Dr Margaret<br>Bent endowment<br>Simon Stuart endowment||5<br>74|2||3|(2)|5<br>77|
|Bursaries Appeal|endowment|1,520|36||56|(36)|1,576|
|Asks's permanent<br>endowment||99,309||(2,036)|775|4,134|102,182|
|Total endowment|funds|100,908|38|(2,036)|834|4,096|103,840|
|Total Funds||100,665|49,485|(48,504)|1,174||102,820|





## 

## 

## 

## 

|(b) Fund Transfers|||Non-||||Permanent|
|---|---|---|---|---|---|---|---|
||||charitable|Charitable|||endow-|
||||Trading|Unrestricted|Designated|Restricted|ment|
||||funds|funds|funds|funds|fund|
||||E'000|E'000|E'000|E'000|E'000|
|New & replacement|school|buildings||(5.585)||(322)|5,907|
|Unapplied<br>total return for application||||930|||(930)|
|Transfers<br>to school|bursary|funds||(100)||100||
|Loan repayments||||843|||(843)|
|Transfer for fixed assets||||5||(5)||
|Transfer of Pool investment||income||||38|(38)|
|Coach services paid by schools||||(446)||||
||||446|(4,353)||(189)|4,096|
|TANGIBLE FIXEDASSETS||||||||
||Freehold||Leasehold|All weather|Equipment||Group &|
|||land and|land and|sports|and|Motor|Charity|
||buildings||buildings|pitches|furnishings|Vehicles|Total|
|||E'000|E'000|E'000|E'000|E'000|E'000|
|Cost||||||||
|1 September 2019<br>Additions<br>Disposals||89,341<br>5,585<br>(1,046)|350<br>3,004|2,443|10,951<br>836<br>(114)|82<br>(6)|103,167<br>9,425<br>(1,166)|
|31 August 2020||93,880|3,354|2,443|11,673|76|111,426|
|Depreciation<br>1 September 2019<br>Charge for year<br>Disposals||19,684<br>2,036<br>(85)|236<br>22|764<br>121|6,044<br>1,112<br>(104)|82<br>(6)|26,810<br>3,291<br>(195)|
|31 August 2020||21,635|258|885|7,052|76|29,906|
|Net book value||||||||
|31 August 2020||72,245|3,096|1,558|4,621||81,520|
|31 August 2019||69,657|114|1,679|4,907||76,357|



## 



## 

|7,|INVESTMENTS|
|---|---|
||Charity<br>and Group|



|7,|INVESTMENTS|||||
|---|---|---|---|---|---|
||Charity<br>and Group|||2020<br>6'000|2019<br>6'000|
|(A)|Listed investments||||5,818|
|(B)|Haberdashers'<br>Charities|Investment|Pool (Total Return)|28,634|31,522|
||Investment<br>cash|||6,069|420|
|||||34,703|37,760|



|(A)|Listed Investments|||
|---|---|---|---|
|||2020|2019|
|||f.'000|6'000|
||Market value at 1 September 2019|5,818|5,606|
||Additions|187|1,209|
||Disposal proceeds|(6,083)|(1,166)|
||Revaluation|53|169|
||Market value at 31 August 2020||5,818|



## 

|Investment<br>in Haberdashers'<br>Charity<br>and Group|Charities<br>Inve|stment<br>Pools|||
|---|---|---|---|---|
||||Charities||
|||Charities|Investment||
|||Investment|Pool (Total||
|||Pool|Return)|Total|
|||6'000|6000|F'000|
|Market value at 1 September|2019|1,596|29,926|31,522|
|Withdrawal|||(3,722)|(3,722)|
|Gain on revaluation||59|775|834|
|Market value at 31 August|2020|1,655|26,979|28,634|





## 

## 

## 

|endowment<br>fund.<br>No ne|w endow|ment|gifts ha|ve been received|since the bas|e date.||
|---|---|---|---|---|---|---|---|
|||||Trust|Unapplied|||
|||||for|Total|Total|Total|
|||||investment|Return|2020|2019|
|||||F'000|5'000|E'000|E'000|
|Trust for investment<br>at 1|September 2019|||1,578|28,491|30,069|29,273|
|Investment<br>returns.||||||||
|Investment<br>income|||||||350|
|Realised and unrealised|gains||||775|775|1,203|
|Transfer to trust for application|||||(930)|(930)|(780)|
|Withdrawal<br>for purchase|ofresidential||property||(3,004)|(3,004)||
|Replacement<br>ofcapital expended||prior|to|||||
|inception ofthe total return approach|||||23|23|23|
|Trust for investment<br>at|31August 2020|||1,578|25,355|26,933|30,069|



## 

|||||Trust|Unapplied|||
|---|---|---|---|---|---|---|---|
|||||for|Total|Total|Total|
|||||investment|Return|2020|2019|
|||||6'000|E'000|E'000|8'000|
|Trust for investment||at 1|September 2019|873|723|1,596|1,567|
|Investment|returns:|||||||
|Investment|income||||38|38|37|
|Realised and unrealised|||gains||59|59|29|
|Transfer to|trust for application||||(38)|(38)|(37)|
|Trust for investment||at|31August 2020|873|782|1,655|1,596|





## 

## 

## 

|DEBTORS AND PR|EPAYMENTS||||||
|---|---|---|---|---|---|---|
||||Group||Charity||
|||2020||2019|2020|2019|
|||E'000||E'000|E'000|E'000|
|School fees||191||76|191|76|
|Other debtors||403||535|403|535|
|Prepayments||815||756|815|756|
|Due from subsidiary|company|||||179|
|||1,409||1,367|1,409|1,546|



## 

## 

|||||Group||Charity|Charity|
|---|---|---|---|---|---|---|---|
|||||2020|2019|2020|2019|
|||||E'000|E'000|E.'000|E'000|
|Bank loan||||858|1,422|858|1 422|
|Fees in|advance|||5,657|5,843|5,657|5,843|
|Accruals|and deferred||income|2,870|2,117|2,866|2,117|
|Tax and social security<br>Other creditors||||574<br>1,940|571<br>2,991|574<br>1,940|571<br>2,991|
|Due to subsidiary||company||||1|162|
|||||11,899|12,944|11,896|13,103|



## 

## 

|CREDIT|ORS: AMOUNTS<br>FALLING DUE IN MORE|THAN ONE YEAR||
|---|---|---|---|
|||Group and|Charity|
|||2020|2019|
|||E'000|E'000|
|Loan from NatWest||4,816|5,509|
|Fees in|advance|6,281|5,919|
|Other creditors||102|88|
|||11,199|11,516|
|Maturity<br>ofdebt:<br>Between<br>1 and 2 years<br>Between 2 and 5 years<br>More than 5 years||3,076<br>5,789<br>2,334|4,027<br>5,687<br>1,802|
|||11,199|11,516|





## 

## 


## 



## 

## 

## 


## 

## 



## 

## 

||||HASCCL||HASSL||
|---|---|---|---|---|---|---|
||||2020|2019|2020|2019|
||||E'000|f'000|6'000|6'000|
|Turnover|||2,247|3,211|197|215|
|Cost ofsales|||(2,180)|(3,142)|(118)|(136)|
|Administration||expenses|(67)|(69)|(75)|(71)|
|Operating|(loss)/profit||||4||
|Other income|||||8||
|Transfer|to the|Charity —Gift Aid|||(8)||
|Profit for|the year||||||
|Retained|profit/(loss)||||||
|brought|forward||||||
|Retained|profit|carried forward|||||
|Current assets||||182|98|104|
|Creditors|falling|due within one|||||
|year|||(3)|(181)|(87)|(97)|
|Net assets/(liabilities)|||||||



## 

## 



## 

## 




## 

## 

|onciliation<br>of opening<br>and closing balances on the fair value o|f plan assets||
|---|---|---|
||2020|2019|
||E'000|E'000|
|Fair value of plan assets at the start ofthe period|13,721|13,367|
|Interest<br>income|242|343|
|Asset gain/(loss)|289|371|
|Contributions<br>by the employer|182|205|
|Benefits paid|(685)|(565)|
|Fair value of plan assets at the end ofthe period|13,749|13,721|



|he actu<br>nalysis|al return<br><br> of plan|on plan assets over the penod ended <br> assets|31 August 2020 was f531,000 (2019:5|714,000).|
|---|---|---|---|---|
||||Value of|Value of|
||||assets|assets|
||||31August|31 August|
||||2020|2011|
||||r.'000|2'000|
|Equity <br>Bonds|(including|property)|2,316<br>1,372|2,517<br>1,219|
|Insured<br>Cash|pensions||9,628<br>433|9,320<br>665|
|Totala|ssets||13,749|13,721|



## 

|ned benefit costs recognised|in the income st|ate|ment|||
|---|---|---|---|---|---|
|||||2020|2019|
|||||6'000|6'000|
|Current service cost||||132|144|
|Net interest cost||||34|22|
|Total pension expense||||166|166|
|ned benefits costs included|in other recognised||(losses)l gains|||
|||||2020|2019|
|||||6'000|6'000|
|Actuanal<br>gain on plan assets||||289|371|
|Actuarial<br>(loss)/gain<br>on defined|benefit obligation|||||
|ofwhich due to experience||||21|(8)|
|ofwhich due to financial assumptions||||(23)|(1,412)|
|Total (loss)/gain<br>included<br>in|other recognised|gains||287|(1 049)|



## 



## 

## 

## 



## 



## 

## 

||||Unrestricted|Funds||||
|---|---|---|---|---|---|---|---|
|||||Asks's|Restricted|Endowment||
||||Schools|Income|Funds|Funds|2019|
||||E'000|F'000|E'000|E'000|E'000|
|Income and endowments||from:||||||
|Donations|||||65||73|
|Charitable<br>activities:||||||||
|School fees|||45,410||||45,410|
|Other educational|income||2,166||29||2,195|
|Ancillary<br>trading<br>income|||185||||185|
|Other trading<br>activities:||||||||
|Trading<br>income|||2,551||||2,551|
|Investments:||||||||
|Investment<br>income|||413|||387|809|
|FRS102 pension scheme||||||||
|interest|||343||||343|
||||51,076||100|387|51,566|
|Expenditure<br>on:||||||||
|Raising funds:<br>Loan interest|||275||||275|
|Fees in advance|discount||135||||135|
|Investment<br>management|||13||||13|
|Trading cost of subsidiaries|||3,211||||3,211|
|Charitable<br>activities:||||||||
|Schools|||41,245|716|76|1,758|43,795|
|FRS102 pension <br>interest cost|scheme||365||||365|
||||45,244|716|76|1,758|47,794|
|Net gains on investments|||170||6|1,233|1,409|
|Net income/(expenditure)|||6,002|(713)|30|(138)|5,181|
|Transfers<br>between|funds||(11,233)|657||10,576||
|Other recognised|losses:|||||||
|Actuarial<br>losses on|defined|||||||
|benefit scheme|||(1,049)||||(1,049)|
|Net movement<br>in funds|||(6,280)|(56)|30|10,438|4,132|
|Reconciliation<br>of|Funds:|||||||
|Total funds brought|forward||5,384|134|545|90,470|96,533|
|Total funds carried forward|||(8960|78|575|10II,908|100,665|





## 

## 

|(a) Fund Movements|(a) Fund Movements|Balance|||Other||Balance|
|---|---|---|---|---|---|---|---|
|||1September|||recognised|Net|31August|
|||2018|Income|Expenditure|Gain/loss|Transfers|2019|
|||8'000|E'000|8'000|E'000|E'000|E'000|
|Designated<br>funds|- Charity:|||||||
|Schools' designated<br>funds||3,674|773|(870)||(3,577)||
|General funds —Charity:||||||||
|Schools general<br>fund||||||||
|excluding<br>pension|reserve|2,567|47,409|(40,641)|170|(8,521)|984|
|Pension reserve||(858)|343|(522)|(1,049)|205|(1,881)|
|||1,709|47,752|(41,163)|(879)|(8,316)|(897)|
|Aske Income Fund||134|3|(716)||657|78|
|Total unrestricted|funds—|||||||
|Charity||5,517|48,528|(42,749)|(879)|(11,236)|(819)|
|Non-charitable<br>trading<br>funds||1|2,551|(3,211)||660|1|
|Total unrestricted|funds—|||||||
|Group||5,518|51,079|(45,960)|(879)|(10,576)|(818)|
|Restricted funds||||||||
|Schools restricted|funds|418|94|(73)||(10)|429|
|Simon Stuart Scholarship<br>Bursaries Appeal<br>Fund||2<br>125||(3)|6|10|2<br>144|
|Total restricted<br>funds||545|100|(76)|6||575|
|Endowment<br>funds||||||||
|Dr Margaret<br>Bent endowment<br>Simon Stuart endowment||5<br>73|2||1|(2)|5<br>74|
|Bursaries Appeal|endowment|1,492|35||28|(35)|1,520|
|Asks's permanent<br>endowment||88,900|350|(1,758)|1,204|10,613|99,309|
|Total endowment|funds|90,470|387|(1,758)|1,233|10,576|100,908|
|Total Funds||96,533|51,566|(47,794)|360||100,665|





## 

## 

|(b) Fund|Transfers||||Non-charitable||||Permanent|
|---|---|---|---|---|---|---|---|---|---|
||||||Trading|Charitable|||endow.|
||||||funds|Unrestricted|Designated|Restricted|ment|
||||||8'000|funds|funds|funds|funds|
|||||||E'000|8'000|8'000|8'000|
|New & replacement||school||buildings||(6,609)|||6,609|
|Unapplied|total return||for application|||780|||(780)|
|Transfers|to school|bursary||funds||37||(37)||
|Loan repayments||||||(1,230)|||1,230|
|Transfer|of Pool investment|||income||||37|(37)|
|Balances|released|and reclassified||||23|(3,577)||3,554|
|Coach services paid|||by schools||660|(660)||||
||||||660|(7,659)|(3,577)||10,576|



## 

|||||||Permanent||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|endowment|Total|
|||||funds|funds|funds|Funds|
|||||E'000|6'000|f'000|E'000|
|Tangible fixed||assets||6,700||69,659|76,357|
|Listed investments||||5,818|||5,818|
|Haberdashers'||Charities|Investment|||||
|Pools||||||31,522|31,522|
|Investment|Cash|||420|||420|
|Net current|assets l(liabilities)|||(359)|580|(276)|(55)|
|Long term|liabilities|||(13,397)|||(13,397)|
|||||(818)|580|100,903|100,665|





## 

|TOTAL RESOURCES EXPENDED FO|R THE YEAR EN|DED 31 AUG|UST 2019||
|---|---|---|---|---|
|||Other|||
||Staff|direct|Deprec-|Total|
||Costs|costs|iation|2019|
||E'000|E'000|6'000|6'000|
|Raising funds:|||||
|Loan interest||275||275|
|Fees in advance discount||135||135|
|Investment<br>management||13||13|
|Trading costs of subsidiary|62|3,149||3,211|
||62|3,439||3,634|
|Charitable<br>expenditure:|||||
|Teaching costs|22,821|2,750||25,571|
|School welfare|207|2,172||2,379|
|School premises costs|1,092|6,485|1,759|9,336|
|Public relations<br>and marketing||195||195|
|Grants<br>paid to other establishments||433||433|
|Support costs<br>Governance<br>costs|2,502<br>13|2,232<br>66|1,203|5,802<br>79|
|FRS102 pension scheme interest|||||
|costs||365||365|
||26,635|14,698|2,962|44,160|
|Total resources expended|26,697|18,135|2,962|47,794|