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2020-07-31-accounts

Governors Governors Mrs M Bowler JP BA(Hons) (Chair) JP BA(Hons) (Chair) JP BA(Hons) (Chair)
Mrs M Neilson
Mr JAAllen
FCA
Mr T Leah BA(Hons) PGCE NPQH (Vice Chair)
Mr M Dunkley LLB (Hone) TEP
Mrs K Mayas BSc(Hone) FCA
Mrs SSiesage BA(Hans) PGCE MBA NPQH
Mr JTomlinson MA(Hone) FCA
Mr M Joannou BSc(Hons) PGCE, MEd
Secretary and Bursar E Mackay
Headmaster MrA Whelpdale BAPGCE NPQH
Charity number 503962
Company number 01204450
Registered office 454 London Road
Leicester
LE22PP
Auditor Somerbys
Limited
30 Nelson Street
Leicester
LE1 7BA
Bankers HSBC Pic
2-6 Gallowtree Gate
Leicester
LE1 1DA
Allied
Irish Bank		 (GB)
Byron House
Maid Marian Way
Nottingham
NG1 SHS
Handelsbanken
Provincial
House
37 New Walk
Leicester
LE1 STU
Solicitors Shakespeare
Martineau		 LLP
One Colton Square
Leicester
LE1 1QH

Page
Governors'
report		 1-7
Statement ofGovernors'
responsibilities
Independent
auditor's		 report 9-10
Statement
offinancial		 activities 11 - 12
Balance sheet 13
Statement ofcash flows 14
Notes to the financial statements 15-28

Current financial year Current financial year
Unrestricted Restricted Total Total
funds funds
2020 2020 2020 2019
Notes f 6 8
Income and en w nts rom:
Donations
and legacies		 3 41,909 163 42,072 5,539
Income from charitable activities 4 3,653,607 3,653,607 3,989,985
Investments 5 2,475 2,475 2,787
Other income 6 130,596 130,596
Total income 3,828,587 163 3,828,750 3,998,311
g5ttagll)tore
oi) i
Expenditure
on		 charitable activities 7 3,795,153 163 3,795,316 3,582,323
Finance costs 64,917 64,917 63,158
Total resources expended 3,860,070 163 3,860,233 3,645,481
Net (expenditure)/income for the yearl
Net movement in funds (31,483) (31,483) 352,830
Fund balances at 1 August 2019 4,522,683 4,522,683 4,169,853
Fund balances at 31July 2020 4,491,200 4,491,200 4,522,683

Prior financial year
Unrestricted Restricted Total
funds funds
2019 2019 2019
Notes 6
Income and endowments from:
Donations and legacies 3 281 5,258 5,539
Income from charitable
activities		 4 3,989,985 3,989,985
Investments 5 2,787 2,787
Total income 3,993,053 5,258 3,998,311
~ECht
Expenditure
on		 chadtable activities 7 3,577,065 5,258 3,582,323
Finance costs 63,158 63,158
Total resources expended 3,640,223 5,258 3,645,481
Net (expenditure)/income for the year/
Net movement in funds 352,830 352,830
Fund balances at 1August 2018 4,169,853 4,169,853
Fund balances at 31July 2019 4,522,683 4,522,683

2020 2019
Notes 6
Fixed assets
Tangible assets 12 5,336,304 5,377,192
Current assets
Debtors 14 301,903 342,300
Cash at bank snd in hand 894,307 968,949
1,196,210 1,311,249
Creditors: amounts falling due within 15
one year (346,176) (384,066)
Net current assets 850,034 927,183
Total assets less current liabilities 6,186,338 6,304,375
Creditors: amounts falling due after 16
more than one year (1,695,138) (1,781,692)
Net assets 4,491,200 4,522,683
Income funds
Unrestricted
funds		 4,491,200 4,522,683
4,491,200 4,522,683

2020 2019
Notes 8
Cash flows from operating activities
Cash generated
from operations		 22 24,126 354,370
Investing activities
Purchase oftangible fixed assets (18,025) (435,661)
Interest received 2,475 2,787
Net cash used in investing activities (15,550) (432,874)
Financing activities
Repayment ofbank loans (83,218) (80,709)
Net cash used in financing activities (83,218) (80,709)
Net decrease
in cash and		 cash equivalents (74,642) (159,213)
Cash and cash equivalents at beginning ofyear 968,949 1,128,162
Cash and cash equivalents at end of year 894,307 968,949

Unrestricted Restricted Restricted Total Total
funds funds 2020 2019
5 6 6 6
Miscellaneous donations 163 163 5,539
Donated deposits from leaving pupils 1,750 1,750
Donation from alumnae 40,159 40,159
41,909 163 42,072 5,539
4 Income from charitable activities
Schoollees Less: total School trltrsl Total Total
Sorceries, meals and 2020 2010
grants and other income
allowances
2 2
Income for the year 3,788,293 (378,575) 243,889 3,653,607 3,989,985
5 Investments
Unrestricted Unrestricted
funds funds
2020 2019
6
Bank interest received 2,475 2,787
6 Other Income
Unrestricted Total
funds
2020 2019
6 6
Job Retention Scheme Grant 130,596

Expenditure on charit able
activities
Teaching Premises We(fare Support Totai Total
costs of 2020 2019
schooling
Staff costs 2,455,847 140,706 82,473 331,978 3,010,804 2,757,036
Depreciation 58,913 58,913 40,509
Other costs 235,510 226.306 37,898 204,763 704,477 768,191
2,691,157 425,925 120,371 536,741 3,774,194 3,565,738
Governance costs 21,122 21,122 16,587
2,691,157 425,925 120,371 557,863 3,795,316 3,582,323


The average
number ofemployees
during the year		 was:
2020 2019
Teaching 43 43
Non-teaching 52 51
95 94
Employment costs 2020
6		 2019
Wages and salaries 2,386,316 2,255,246
Social security costs 219,850 207,546
Other pension costs 404,638 294,244
3,010,804 2,757,036
2020 2019
Number Number
Between 660,000 and 670,000 1 1
Between 680,000 and 690,000 1
Between 690,000 and 6100,000

Tangible fixed assets Tangible fixed assets
Land and Modular Fixtures, Slotor vehicles Total
buildings building fittings &
equipment
E E
Cost or valuation
At 1August 2019 4,850,000 380,698 1,717,013 30,831 6,978,542
Additions 18,025 18,025
At 31 July 2020 4,850,000 380,698 1,735,038 30,831 6,996,567
Depreciation
At 1August 2019 1,570,519 30,831 1,601,350
Depreciation
charged		 in the year 15,228 43,685 - 58,913
At 31 July 2020 15,228 1,614,204 30,831 1,660,263
Carrying
amount
At 31 July 2020 4,850,000 365,470 120,834 5,336,304
At 31 July 2019 4,850,000 380,698 146,494 5,377,192

14 Debtors
2020 2019
Amounts
falling due		 within one year: E E
Trade debtors 206,858 227,044
Prepayments and accrued income 95,045 115,256
301,903 342,300
15 Creditors: amounts falling due within one year
2020 2019
E E
Loans and overdrafts 78,596 82,610
Taxation and social security 55,120 54,416
Fees received in advance 25,003 18,081
Trade creditors 9,392 30,781
Other creditors 99,009 91,549
Accruals and deferred income 79,056 106,629
346,176 384,066

Creditor's:
amounts
falling due after more than one year
2020 2019
E E
Bank loans 1,814,838 1,894,042
Repayable
deposits		 80,300 87,650
1,695,138 1,781,692
Loan maturity
analysis
In more than one year but not more than two years 96,611 85,451
In more than two years but not more than five years 303,744 276,032
In more than five years 1,214,483 1,332,559
1,814,838 1,694,042

18 Restricte d funds
Balance at 1 Incoming Resources Balance at 31
August resources expended July 2020
2019
Donation towards Head's Bursary Fund 163 (163)
19 Analysis ofnet assets between funds
Unrestricted
Restricted		 Total
E 6 6
Fund balances at 31 July 2020 are represented by:
Tangible assets 5,336,304 5,336,304
Current assets 850,034 850,034
Long term liabilities (1,695,138) (1,695,138)
4,491,200 4,491,200

There were no d isclos able
related
party		 tra nsactions
du		 ring the year (2019- no ne).
22 Cash generated from operations 2020 2019
6 5
(Deficit)/surpus
for the		 year (31,483) 352,830
Adjustments
for:
Investment
income recognised
in statement		 offinancial activities (2,475) (2,787)
Depreciation
and		 impairment
oftangible		 fixed assets 58,913 40,509
Movements
in working		 capital:
Decrease/(increase)
in		 debtors 40,397 (99,947)
(Decrease)/increase
in		 creditors (41,226) 63,765
Cash generated from operations 24,126 354,370
23 Analysis ofchanges in net (debt)/funds
At 1August 2010 Cash flaws At 21July 2020
6 6
Cash at bank and in hand 968,949 (74,642) 894,307
l.oans falling due within one year (82,610) 4,014 (78,596)
Loans falling due atter more than one year (1,694,042) 79,204 (1,614,838)
(807,703) 8,576 (799,127)

24
Pension and other post-retirement		 24
Pension and other post-retirement		 24
Pension and other post-retirement		 benefit commitments benefit commitments (Continued) (Continued)
PRESENT VALUES OF PROVISION
31July 2020 31July 2019 31July 2018
5 5
Present value of provision 32,232 34,077 25,615
RECONCILIATION
OF OPENING		 AND CLOSING PROVISIONS
31July 2020 31July 2019
5 5
Provision at start of period 34,077 25,615
Unwinding
ofthe		 discount factor (interest expense) 404 493
Deficit contribution paid (2,879) (2,221)
Remeasurements -impact ofany change in assumptions 630 1,384
Remeasurements -amendments to the contribution schedule 8,806
Provision at end ofperiod 32,232 34,077
INCOME AND EXPENDITURE IMPACT
31July 2020 31July 2019
5
Interest expense 404 493
Remeasuremenis —impact of any change in assumptions 630 1,384
Costs recognised in income and expenditure account 8,806

DEF ICIT CONTRIBUTIONS
SCHEDUL		 E
Year ending 31 July 2020 31 July 2019 31July 2018
6 6 6
Year 1 3,019 2,879 2,221
Year 2 3,109 3,019 2,287
Year 3 3,202 3,109 2,356
Year 4 3,299 3,202 2,427
Year 5 3,397 3,299 2,499
Year 6 3,499 3,397 2,574
Year 7 3,604 3,499 2,652
Year 8 3,713 3,604 2,731
Year 9 3,824 3,713 2,813
Year 10 2,952 3,824 2,897
Year 11 2,952 2,984
Year 12 249
Year 13
Year 14
Year 15
Year 16
Year 17
Year 18
Year 19
Year 20