##
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|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||||
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|||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|
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|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|
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|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|
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|||||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|
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|||||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|
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||||||||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||
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|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|
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|
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|||
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|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|
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|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|
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|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|
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||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)|
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|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|
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|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||||||||