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2021-08-31-accounts

~Pa e
Company Information
Governors' Report 4-10
Auditor's Report 11-15
Statement of Financial Activities 16
Balance Sheet 17
Cash Flow Statement 18
Notes to the Financial Statements 19-26

Notes Unrestricted Restricted Total Tota I
Funds Funds 2021 2020
6 E E E
INCOME FROM:
Grants and Donations 76,974 25,000 101,974 320,029
Charitable activities
—Operation		 ofthe school
School Fees 3,255,399 3,255,399 3,453,575
Extra Support Fees 35,833 35,833 26,201
Other trading activities
School Shop commission 4,367 4,367 3,178
Lettings 31,949 31,949 12,360
Investments 43 43 1,374
Other 21,704 21,704 33,061
Tota
I Income		 3,426,269 25,000 3,451,269 3,849,777
EXPENDITURE ON:
Raising funds 43,176 43,176 33,273
Charitable activities
Costs ofoperation ofschool 3,454,616 15,491 3,470,107 3,749,744
Total Expenditure 3,497,792 15,491 3,513,283 3,783,018
Net Income/(Expenditure) -71,523 9,509 -62,014 66,759
Reconciliation of Funds:
Total funds at 1September 2020 3,651,970 57,891 3,709,861 3,643,105
Tota
Ifunds		 at 31August 2021 3,580,447 67,400 3,647,847 3,709,864

Note
2021 2020
E E
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash provided
by (used in) operating
activities 285,019 171,174
CASH FLOWS FROM INVESTING ACTIVITIES:
Interest from investments 43 1,374
Purchase
of property,
plant and equipment		 -164,063 -46,265
Proceeds from the sale of property, plant and equipment 5/96 2,000
Net cash provided
by (used in) investing		 activities -158,423 -42,891
CASH FLOWS FROM FINANCING
ACTIVITIES
Repayment
of bank loans		 -71,115 -55,365
Finance lease 54,072
Repayment
offinance lease		 -9,012 0
Interest
paid		 -43,449 -50,474
Net cash provided
by (used in) financing		 activities -69,503 -105,839
CHANGE
IN CASH AND CASH EQUIVALENTS
IN THE REPORTING
PERIOD		 57,093 22,445
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF
THE REPORTING
PERIOD		 402,368 379,922
CASH AND CASH EQUIVALENTS AT THE END OF
THE REPORTING
PERIOD		 459,462 402,368
a. Reconciliation
ofnet income/(expenditure)		 with
net cash flow from operating activities 2021 2020
E E
Net income/(expenditure)
for the reporting		 period (as per the -62,014 66,759
statement offinancial
activities)
Adjustments
for:
Depreciation
charges		 193,360 189,253
Interest from investments 43 -1,374
Interest
paid		 43,449 50,474
(Profit)/loss
on disposal offixed assets		 -381 -1,493
(Increase)/decrease
in stocks		 -150 2,541
(Increase)/decrease
in debtors		 59,342 -25,602
Increase/(decrease)
in creditors		 51,456 -109,384
Net cash provided
by (used in) operating		 activities 285,019 171,174

Land and buildings
existing		 at 31August 1992 at 31August 1992 Nil
Improvements
to freehold		 property since 1992 -1096 straight line
(to		 31August 1999)
-2% straight line
(from 1September		 1999)
Administration
office equipment		 -33)6 straight line (SL)
Educational
equipment		 -2596 straight line (SL)
Specific items -33% straight line (SL)
Motor vehicles -2596 reducing balance (RB)
Furniture
and fittings		 - 1096 reducing balance (RB)
Estate equipment - 2036 reducing balance (RB)
Swimming
pool equipment		 -20% reducing balance (RB)

CASTLE COURT SCHOOL EDUCATIONAL TRUST LIMITED CASTLE COURT SCHOOL EDUCATIONAL TRUST LIMITED CASTLE COURT SCHOOL EDUCATIONAL TRUST LIMITED CASTLE COURT SCHOOL EDUCATIONAL TRUST LIMITED CASTLE COURT SCHOOL EDUCATIONAL TRUST LIMITED
Limited
b
Guarantee
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31AUGUST 2021
1. ACCOUNTING
POLICIES (continued)
(f) Expenditure
Expenditure
is accounted for on an accruals		 basis.
Expenditure		 is allocated to expense headings either on a direct cost
basis, or apportioned
according to time spent.
The school is not registered for VAT and all costs include
VAT		 where this has been charged.
Governance
costs comprise
the costs ofaudit and is included		 within support costs.
(g) Debtors
Debtors are measured
at the amounts		 the charity anticipates it will receive from a debt or the amount it has paid in
advance for goods or services, Prepayments are valued at the amount
prepaid		 net of any trade discounts due.
(h) Cash at bank and in hand
Cash at bank and in hand includes cash and cash on deposit.
(i) Creditors
Creditors are measured
at the amounts		 the charity anticipates it will pay to settle a debt or the amount it has received as
an advance payment
for goods		 or services it must provide. Liabilities are recognised when there is an
obligation to transfer economic benefits as a result ofpast events.
(j) Financiallnstruments
The School only has financial assets and financial liabilities ofa kind that qualify as basic financial instruments. Basic
financial
instruments
such as trade and		 other debtors and creditors are initially recognised at transaction value and
subsequently
measured
at their		 settlement value with the exception of bank loans which are subsequently measured at
the carrying value plus interest less repayments.
(k) Teaching Costs
Supplies ofgames equipment, books, stationery and sundry materials are written off to the Income and Expenditure
account when the expenditure is incurred.
(I) Pension costs
Contributions
in respect ofthe 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 E318,450(2020:E356,715).
2021 2020
2. GRANTS AND DONATIONS E E
Government
Grants - Coronavirus		 Job Retention Scheme 72,520 296,562
- Kickstart 3,912 0
Donations - Unrestricted 542 100
Restricted 25,000 23,366
101,974 320,029
2021 2020
3. OTHER INCOME E E
Registration
fees		 7,391 5,879
Insurance
Claims		 0 2,400
Sundry
income		 6,210 13,399
Holiday Courses 2,024 5,494
Surplus(loss)
on recoverable
costs		 6,079 5,889
21,704 33,061
~2021 ~2020
4. EXPENDITURE E E
Direct charitable
expenditure
includes:
Depreciation 193,360 189,253
Auditors'
remuneration
for audit 6,000 6,000
for other services 0 1,320
2021 2020
5. STAFF COSTS f f
Wages and salaries 1,969,456 2,190,437
Redundancy
and termination		 settlements 35,624 37,922
Social security costs 155,284 174,662
Pension contributions 318,449 356,715
Other staff costs 19,097 16,714
2,497,911 2,776,449
The average number ofemployees in the year was: No. No.
Teaching
Full time		 31 35
Teaching
Part time		 24 33
Welfare 23 23
Premises 5 6
Administration 20 23
Total 103 120
2021 2020
The number of employees whose emoluments No.
exceeded f60,000were:
f70,000-f80,000
f f
Remuneration
to Governors		 Nil Nil
Expenses reimbursed to Governors f0 f337
Governors
travel expenses		 and consultancy services - zero Governors (2020: 3)
The executive management ofthe school is delegated by the Governors to the Headmaster with financial management and
administration
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 f139,613(2020:f143,803).
The total ofredundancy payments charged for the year to 31August 2021was f35,624 (2020:f37,922), which was outstanding at the
year end. The School's policy for any necessary redundancy or termination payments is settled
in accordance		 with the appropriate
legal advice.
6.a. ANALYSIS OF EXPENDITURE 2021 Staff
costs		 0th ~hi tt Total
2021		 Tota I
2020
f f f f f
Raising Funds
Marketing
gt publicity		 43,176 43,176 33,273
43,176 43,176 33,273
Charitable
activity- operation		 ofthe school
Teaching costs 1,829,623 181,296 68,218 2,079,137 2,292,110
Welfare 231,438 91,629 5,650 328,716 334,703
Premises 100,907 299,724 119,492 520,123 483,038
Charitable
support costs:
Administration
ofthe		 School 335,943 156,738 492,681 582,100
Interest payable 43,449 43,449 50,474
Governance
costs (note		 6c.) 6,000 6,000 7,320
Costs ofoperation
ofthe school		 2,497,911 778,835 193,360 3,470,107 3,749,744
Tota I expenditure 2,497,911 822,012 193,360 3,513,283 3,783,018
Staff
costs
E		 Other
E		 ~Dt Total
2020
Raising
Funds
Marketing gt publicity 33,273 33,273
33,273 33,273
Charitable
activity-		 operation ofthe school
Teaching costs 2,055,525 174,610 61,976 2,292,110
Welfare 225,652 101,133 7,918 334,703
Premises 113,912 249,766 119,359 483,038
Charitable
support		 costs:
Administration ofthe School 381,360 200,740 582,100
Interest payable 50,474 50,474
Governance costs (note S.a.j 7,320 7,320
Costs ofoperation ofthe school 2,776,449 784,042 189,253 3,749,744
Total expenditure 2,776,449 817,316 189,253 3,783,018
6.c.GOVERNANCE COSTS
2021 2020
Staff costs
Auditors' remuneration
-for audit 6,000 6,000
-for other 0 1,320
6,000 7,320
7. TANGIBLE FIXED ASSETS Freehold
Property Administration
and Office
TOTAL t Etta
E E
COST
01.09.20 9,419,189 7,296,201 17,549
Additions 164,063 60,120
Disposals -101,680
31.08.21 9,481,571 7,356,320 17,549
DEPRECIATION
01.09.20 3,706,078 1,880,320 17,549
Provided
in		 year 193,360 119,493
Disposals -96,467
31.08.21 3,802,969 1,999,813 17,549
NET BOOK VALUE
31.08.21 5,678,602 5,356,506
31.08.20 5,713,111 5,415,881

2021 2020
11.CREDITORS: due after more than one year E E
Bank loan 1,736,738 1,827,961
Obligations under Finance Leases 27,036 0
Fees and deposits
received		 in advance
- amount due within
five years		 165,737 167,646
1,929,511 1,995,607
The bank loan is secured by legal charges over the school's freehold property.
Bank Loans Finance Leases Bank Loans Finance Leases
This loan is repayable as follows: 2021 2021 2020 2020
E E E 0
Within one year 114,596 18,024 94,478
Between one and two years 114,783 18,024 108,635
Between two and five years 346,357 9,012 312,084
In more than five years 1,275,598 0 1,407,242
1,851,333 45,060 1,922,439
2021 2020
12. DEFERRED INCOME E E
Brought forward at 1September 2020 392,909 462,296
Released in the year -313,810 -366,686
Deferred in the year 310,223 297,300
Carried forward at 31August 2021 389,324 392,909
RESTRICTED FUNDS Movements Movements
Balance at Incoming Outgoing Balance at
1Sept
E		 2020 Resources
E		 Resources
f		 31Aug
E		 2021
Stredwick
Will Trust Fund		 35,600 -1,200 34,400
Scott Trust Fund 8,000 0 8,000
Development
Fund		 7,885 25,000 -7,885 25,000
COVID Hardship
Fund		 6,406 -6,406 0
57,892 25,000 -15,491 67,400

~Ei t Motor Vehicles
2021 2020 2021 2020
E E E E
Amounts due within one year 16,209 16,209 60,048 39,312
Amounts due between two and five years 31,044 47,253 137,556 114,660
Amounts due after more than five years
47,253 63,462 197,604 153,972

Unrestricted Restricted Total
Funds Funds 2020
E E E
INCOME FROM;
Donations and legacies 296,662 23,366 320,029
Charitable activities - Operation ofthe school
School Fees 3,455,535 -1,960 3,453,575
Extra Support Fees 26,201 26,201
Other trading activities
School Shop commission 3,178 3,178
Lettings 12,360 12,360
Investments 1,374 1,374
Other 33,061 33,061
Tota
I Income		 3,828,371 21,406 3,849,777
EXPENDITURE ON:
Raising funds 33,273 33,273
Charitable activities
Costs ofoperation ofschool 3,741,429 8,315 3,749,744
Total Expenditure 3,903,742 8,315 3,783,018
Net Income/(Expenditure) 53,668 13,091 66,759
Reconciliation of Funds:
Total funds at 1September 2020 3,598,305 44,800 3,643,105
Total funds at 31August 2021 3,651,973 57,891 3,709,864