## ## ||||~pa e| |---|---|---|---| |Company|Information||| |Governors'|Report||4-10| |Auditor's|Report||11-13| |Statement|of Financial|Activities|14| |Balance Sheet|||15| |Cash Flow|Statement||16| |Notes to the FinancialStatements|||17-24| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |0
THE|YE|AR ENDED 31 AU|GUST 2020|||||| |---|---|---|---|---|---|---|---|---| |||||||||Total| |||||Nones|Unrestricted|Restricted|Total|2019| ||||||Funds
8|Fundsf|~202
6|Restated
5| |INCOME FROM:||||||||| |Grants and|Donations||||296,662|23,366|320,029|9,022| |Charitable|activldes
—Operation||ofthe school|||||| |||School Fees|||3,455,535|-1,960|3,453,575|3,897,600| |||Extra Support Fees|||26,201||26,201|30,687| |Other trading||acUvities||||||| |||School Shop commission|||3,178||3,178|4,273| |||Lettings|||12,360||12,360|12,150| |Investments|||||1,374||1,374|1,721| |Other|||||33,061||33,061|71,432| |Total Income|||||3,828,371|21,406|3,849,777|4,026,886| |EXPENDITURE ON:||||||||| |Raising funds|||||33,273||33,273|24,812| |Charitable|activities|||||||| |||Costs ofoperation|ofschool||3,741,429|8,315|3,749,744|3,910,817| |Total Expenditure|||||3,774,703|8,315|3,783,018|3,935,629| |Net Income/(Expenditure)|||||53,668|13,091|66,759|91,257| |Reconciliation||of Funds:||||||| |Total funds|at|1 September 2019|||3,598,305|44,800|3,643,105|3,551,848| |Total funds|at|31August 2020|||3,651,973|57,891|3,709,864|3,643,105| |COMPA|UMBER 1134697| |---|---| |TANGIBLE|FIXEDASSETS| |CURRENT|ASSETS| ||Stocks| ||Debtors| ||Cash at bank snd in hand| ## ## ## ## ||||Note|Note||||| |---|---|---|---|---|---|---|---|---| |||||||2020f||~201f| |CASH FLOWS FROM OPERATING|ACTIVITIES:|||||||| |Net cash provided
by (used in) operating||||||||| |activities||||a.||171,174||398,057| |CASH FLOWS FROM INVESTING|ACTIVITIES:|||||||| |Interest from investments|||||1,374||1,721|| |Purchase of property,
plant and|equipment||||-46,265||-38,141|| |Proceeds from the sale of property,
plant||and|equipment||2,000||1,830|| |Net cash provided
by (used in) investing||activities||||-42,891||-34,590| |CASH FLOWS FROM FINANCING|ACTIVITIES|||||||| |Repayment
ofbank loans|||||-55,365||-95,776|| |Cash inflows from new borrowing|||||0||0|| |Interest pakl|||||-50,474||-59,987|| |Net cash provided
by (used in) financing||activities||||-105,839||-155,763| |CHANGE
IN CASH AND CASH EQUIVALENTS||||||||| |IN THE REPORTING PERIOD||||||22,445||207,706| |CASH AND CASH EQUIVALENTS AT THE||BEGINNING OF||||||| |THE REPORTING PERIOD||||||379,922||172,216| |CASH AND CASH EQUIVALENTS AT THE||END|OF|||||| |THE REPORTING PERIOD||||||~402 368||379,922| |a. Reconciliation
of net income/(expenditure)||with||||||| |net cash flow|from operating||activikes|||2002)||2019| |||||||6||6| |Net income/(expenditure)
for the reporting||period||(as per the||66,759||91,257| |statement
offinancial
activities)||||||||| |Adjustments
for:||||||||| |Depredation
charges||||||189,253||212,394| |Interest from investments||||||-1,374||-1,721| |Interest paid||||||50,474||59,987| |(Progt)/loss
on disposal offixed assets||||||-1,493||-1,663| |(Increase)/decrease
in stocks||||||2,541||1,432| |(Increase)/decrease
in debtors||||||-25,602||60,572| |Increase/(decrease)
in creditors||||||-109,384||-24,200| |Net cash provided
by (used In) operating||activities||||171,174||398,057| ## ## ## |for this purpose
are as foll|ow;||||| |---|---|---|---|---|---| |Land and buildings
existing|at 31|August 1992|Nil||| |Improvements
to freehold|property|since 1992|-10%|straight|line
(to 31 August 1999)| ||||- 24/|straight|line
(from 1 September 1999)| |Administration
office equipment|||-33'/|straight|line (SL)| |Educational
equipment|||-25%|straight|line (SL)| |Motor vehicles|||-25'/|reducing|balance (RB)| |Furniture
and littings|||- 10%|reducing|balance (RB)| |Estate equipment|||-20'/.|reducing|balance (RB)| |Swimming
pool equipment|||- 20%|reducing|balance (RB)| ## ## ## ## ## ## ||(I) Pension costs|||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| ||Contributions
in respect of|||the Teachers'||Superannuation||||Scheme and the company's
defined|contribution|schemes| ||are charged
to|the Income||and Expenditure|||account||in the year for which they are payable to||the schemes.|| ||The company's|contribution||to these schemes||||for the|year was F52,448 (20195301,906).|||| |||||||||||20(rg||2019| |2.|GRANTS AND DONATIONS|||||||||||6| ||Government
Grants - Coronavirus||||Job Retention|||Scheme||296,562||0| ||Donations
- Unrestricted|||||||||100||9,022| ||Restricted|||||||||23,366||0| |||||||||||320,029||9,022| |||||||||||~202||ZQ19| |3.|OTHER INCOME|||||||||6||| ||Registration
fees|||||||||5,879||5,525| ||School Fees Insurance||Commission|||||||0||3| ||Insurance
Claims|||||||||2,400||0| ||Sundry income|||||||||13,399||26,528| ||Rent- HM|||||||||0||4,792| ||Holiday Courses|||||||||5,494||23,104| ||Surplus(loss)
on|recoverable||costs||||||5,889||11,480| |||||||||||33,061||71,432| |||||||||||2020||| |4.|EXPENDITURE|||||||||6||| ||Direct charitable|expenditure||includes:||||||||| ||Depreciation|||||||||189,253||212,393| ||Auditors'
remuneration|||||||||||| ||for audit|||||||||6,000||6,000| ||for other services|||||||||1,320||800| ## |R THE Y
DED|31||A|UGU|ST|||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||||||||||||2019| |5. STAFF COSTS||||||||||||||kQ2Qf||||||Restated| |Wages and salaries||||||||||||||2,190,437||||||2,296,268| |Redundancy
and termination||||settlements||||||||||37,922||||||45,000| |Social security costs||||||||||||||174,662||||||188,709| |Pension contributions||||||||||||||356,715||||||311,272| |Other staff costs||||||||||||||16,714||||||| |||||||||||||||2,776,449||||||2,841,249| |The average
number ofemployees||||||in the year was:||||||||No.||||||No.| |Teaching
Full time||||||||||||||35||||||32| |Teaching
Part time||||||||||||||33||||||31| |Welfare||||||||||||||23||||||23| |Premises||||||||||||||6||||||6| |Administration||||||||||||||23||||||24| |Total||||||||||||||120||||||116| |The number ofemployees|||whose emoluments|||||||||||||||||| |exceeded 660,000were:||||||||||||||||||||| |660,000 —670,000||||||||||||||~Ne||||||| |570,000 —680,000||||||||||||||1||||||| |||||||||||||||f.||||f||| |Remuneration
to Governors||||||||||||||Nil||||Nil||| |Expenses reimbursed|to|Governors||||||||||||~53|||~E|||| |Governors
travel expenses||||and|consultancy|||services - 3 Governors (2019:3)||||||||||||| |The executive management||||of the||school is||delegated
by the Governors|||||to|the Headmaster||with finandal|||management
and|| |adrnlnlsuation
in the hands||||ofthe Bursar who are|||||considered||to|be the key||management|personnel|||ofthe|school. The total|| |paid to these employees||during|||the|year (excluding||||pension|contributions)|||was 6143,803|(2019:6150,416).|||||| |The total of redundancy||payments||||charged||for the year to 31 August 2020||||||was 637,922,|which was|||outstanding||at the year| |The School's policy for any||||necessary|||redundancy|||or termination||payments||is settled
in accordance||||with the appropriate
le||| |6.a. ANALYSIS OF EXPENDITURE 2020||||||||||||||||||||Total| |||||||||||Staff
gocss
5||OIIOe
f||~De rec
'o||||Total
2020
6||2019
~tted
F| |Raising Funds||||||||||||||||||||| |Marketing
& publicity||||||||||||33,273||||||33,273||24,812| |||||||||||||33,273||||||33,273||24,812| |Charitable
activity- operation|||ofthe school|||||||||||||||||| |Teaching costs
Welfare||||||||2,055,525
225,652||||174,610
101,133||61,976
7,918||2,292,110
334,703||||2,409,645
377,952| |Premises|||||||||113,912|||249,766||119,359|||483,038|||515,509| |Chantable
support costs:
Administration
ofthe|School||||||||381,360|||200,740|||||582,100|||540,924| |Interest payable
Governance
costs (note|||5.a.)|||||||||50,474
7,320||||||50,474
7,320||59,987
6,800| |Costs ofoperation
ofthe|school|||||||2,776,449||||784,042||189,253||3,749,744||||3,910,817| |Total expenditure||||||||2,776,449||||817,316||189,253||3,783,018||||3,935,629| |||||||9~elf|||Total||| |---|---|---|---|---|---|---|---|---|---|---|---| |||||||costs
6|Other
5|~De reciation
5|2019f||| |Raising Funds|||||||||||| |Marketing|&|pubffdty|||||24,812||24,812||| ||||||||24,812||24,812||| |Charitable
activity-|||operation||of the school||||||| |Teaching|costs|||||2,116,121|210,960|82,565|2,409,645||| |Welfare||||||236,940|134,145|6,867|377,952||| |Premises||||||115,839|277,422|122,248|515,509||| |Charitable
support|||costs:||||||||| |Administration|||of the School|||372,349|167,862|713|540,924||| |Interest payable|||||||59,987||59,987||| |Governance||costs (note|||5.a.)||6,800||6,800||| |Costs ofoperation|||of|the school||2,841,249|857,175|212,393|3,910,817||| |Total expenditure||||||2,841,249|881,987|212,393|3,935,629||| |6.c.GOVERNANCE||||COSTS|||||||| |||||||||2020|||2019| |Staff costs|||||||||||| |Audffors'|remuneration||||||||||| ||-for|audit||||||6,000|||6,000| ||-for|other||||||1,320|||800| |||||||||7,320|||6,800| |7. TANGIBLE|FIXEDASSETS|||||||Freehold|||| |||||||||Property||Administration|| |||||||||and|||Office| |||||||T~OT||II09IELeJILeeILs||~Eui|ment| |||||||f|||||5| |COST|||||||||||| |01.09.19||||||9,377,651||7,290,635|||17,549| |Additions||||||46,265||5,566|||| |Disposals||||||-4,727|||||| |31.08.20||||||9,419,189||7,296,201|||17,549| |DEPRECIATION|||||||||||| |01.09.19||||||3,521,045||1,760,961||17,549|| |Provided
in|year|||||189,253||119,359|||| |Disposals||||||-4,219|||||| |31.08.20||||||3,706,079||1,880,320|||17,549| |NET BOOK VALUE|||||||||||| |31.08.20||||||5,713,110||5,415,881|||| |31.08.19||||||5,856,606||5,529,674|||| ## |7. TANGIBLE FIXEDASS|7. TANGIBLE FIXEDASS|ETS (Cont)||Furniture,||||| |---|---|---|---|---|---|---|---|---| |||||Fittings and|||Swimming|| |||Motor||Educational||Estate||Pool| |||Vehides||EqEui
rment|~E'|e t|ErEui|e t| |||6||||||| |COST||||||||| |01.09.19||68,484||1,853,381|94,355||53,247|| |Additions||||31,285||9,414||| |Disposals||||||-4,727||| |31.08.20||68,484||1,884,666|99,042||53,247|| |DEPRECIATION||||||||| |01.09.19||64,881||1,557,121|72,616||47,916|| |Provided|in year|901|10%RB|23,438||5,950||1,067| ||||25% SL|38,538||||| |Disposals||||||4,219||| |31.08.20||65,782||1,619,097|74,347||48,983|| |NET BOOK VALUE||||||||| |31.08.20||2,702||265,569|24,695|||4,264| |31.08.19||3,603||296,260|21,739|||5,331| |||~2|2019| |---|---|---|---| |8. STOCKS||8|6| |Catering stocks||1,600|2,400| |Other stocks||5,486|7,227| |||7,086|9,627| |9. DEBTORS||2020f|~2 f| |School debtors - net ofreserve||69,604|115,008| |Other debtors||64,062|11,743| |Prepayments||80,830|62,143| |||214,496|188,894| |10.CREDITORS: due within one|year|2020
f|2019f| |Bank loan (note 11)||94,478|97,313| |Trade creditors||46,211|66,203| |Fees and deposits received|in advance|325,065|378,248| |Other taxes and somal secunty||38,182|43,433| |Accruals and deferred
income||127,653|131,558| |||631,589|716,755| |The bank has a fixed and floating charges over the assets of the school, dated 15 January,|||1992,14June 2016| |and 21 April 2017.|||| |||~220|2019| |11.CREDITORS, due after more|than one year||6| |Bankloan||1,827,961|1,880,491| |Fees and deposits received|in advance||| |-amount
due within five years||167,646|194,698| |||1,995,607|2,075,189| ## ## ## ## ## ## ||||Unrestncted|Restricted|Total| |---|---|---|---|---|---| ||||EgfdLsf|Funds
6|~1
6| |INCOME FROM.|||||| |Donations
and legacies|||1,022|8,000|9,022| |Charitable
activities - Operation||ofthe school|||| ||School Fees||3,897,600||3,897,600| |Other trading|activities||||| ||School Shop commission||4,273||4,273| ||Leffings||12,150||12,150| |Investments|||1,721||1,721| |Other|||71,432||71,432| |Total Income|||3,988,199|8,000|3,996,199| |EXPENDITURE ON:|||||| |Raising funds|||24,812||24,812| |Charllable
activities|||||| ||Costs ofoperation|ofschool|3,878,930|1,200|3,880,130| |Total Expenditure|||3,903,742|1,200|3,904,942| |Net Income/(Expenditure)|||84,457|6,800|91,257| |Reconciliation|of Funds:||||| |Total funds at|1 September 2018||3,513,848|38,000|3,551,848| |Total funds at|31 August 2019||3,598,305|44,800|3,643,105|