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|Governors||Mrs M Neilson|||||||
|---|---|---|---|---|---|---|---|---|
|||Mr JAAllenFCA|||||||
|||Mr T Leah BA(Hons) PGCE NPQH (Vice Chair)|||||||
|||Mr M Dunkley||LLB(Hone) TEP (Chair)|||||
|||Mrs SSiesage||BA (Hone) PGCE MBA NPQH|||||
|||Mrs J E Carroll||BA(Hone) PG Cert|||(Appointed|10September 2021)|
|||Ms C Salmon||BA(Hone)|||(Appointed|11 October 2021)|
|Secretary|and Bursar|E Mackay|||||||
|Headmaster||Mr A Whelpdale|||BAPGCE NPQH||||
|Charity number||503982|||||||
|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|||||||
|||NG16HS|||||||
|||Handelsbanken|||||||
|||Provincial
House|||||||
|||37 New Walk|||||||
|||Leicester|||||||
|||LE1 6TU|||||||
|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|9-11|
|Statement offinancial|activities|12-13|
|Balance sheet||14|
|Statement ofcash flows||15|
|Notes to the financial|statements|16-28|
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|Current financial year|||||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|||
||||2021|2021|2021|2020|
|||Notes|6|6|6|6|
|Income and endowments|f
m.||||||
|Donations and legacies||3|2,001|12,676|14,677|42,072|
|Income from charitable
activities||4|3,524,625||3,524,625|3,653,607|
|Investments||5|122||122|2,475|
|Other income||6|78,358||78,358|130,596|
|Total income|||3,605,106|12,676|3,617,782|3,828,750|
|EzgalLditurr
on.|||||||
|Expenditure
on charitable
activities||7|3,491,957|12,676|3,504,633|3,795,316|
|Finance costs|||41,432||41,432|64,917|
|Total resources expended|||3,533,389|12,676|3,546,065|3,860,233|
|Net income/(expenditure)|for the year/||||||
|Net incoming/(outgoing)|resources||71,717||71,717|(31,483)|
|Other recognised
gains and losses|||||||
|Revaluation
oftangible
fixed assets|||(350,242)||(350,242)||
|Net movement
in funds|||(278,525)||(278,525)|(31,483)|
|Fund balances at 1August|2020||4,491,200||4,491,200|4,522,683|
|Fund balances at 31 July|2021||4,212,675||4,212,675|4,491,200|
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|Prior financial|year|||||||
|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|
||||||funds|funds||
|||||Notes|2020f|2020
8|2020
6|
|Income
n
en|owm|n|fr|||||
|Donations
and legacies|||||41,909|163|42,072|
|Income from charitable||activities|||3,653,607||3,653,607|
|Investments|||||2,475||2,475|
|Other income|||||130,596||130,596|
|Total income|||||3,828,587|163|3,828,750|
|~E
"diit||||||||
|Expenditure
on|charitable
activities|||7|3,795,153|163|3,795,316|
|Finance costs|||||64,917||64,917|
|Total resources|expended||||3,860,070|163|3,860,233|
|Net incoming/(outgoing)|||resources||(31,483)||(31,483)|
|Other recognised
gains and losses||||||||
|Net movement|in funds||||(31,483)||(31,483)|
|Fund balances at 1 August|||2019||4,522,683||4,522,683|
|Fund balances|at 31 July||2020||4,491,200||4,491,200|
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|||||2021|2020|
|---|---|---|---|---|---|
||||Notes|K|E|
|Fixed assets||||||
|Tangible assets|||12|4,967,632|5,336,304|
|Current assets||||||
|Debtors||||275,748|301,903|
|Cash at bank and|in|hand||929,767|894,307|
|||||1,205,515|1,196,210|
|Creditors: amounts||falling due within|15|||
|one year||||(364,994)|(346,176)|
|Net current assets||||840,521|850,034|
|Total assets less|current liabilities|||5,808,153|6,186,338|
|Creditors: amounts||falling due after|16|||
|more than one year||||(1,595,478)|(1,695,138)|
|Net assets||||4,212,675|4,491,200|
|Income funds||||||
|Unrestricted
funds||||4,212,675|4,491,200|
|||||4,212,675|4,491,200|
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|||||2021||2020||
|---|---|---|---|---|---|---|---|
||||Notes|F||E||
|Cash flows from operating||activities||||||
|Cash generated
from operations|||22||154,129||24,126|
|Investing
activities||||||||
|Purchase oftangible
fixed|assets|||(40,196)||(18,025)||
|Interest received||||122||2,475||
|Net cash used in investing||activities|||(40,074)||(15,550)|
|Financing
activities||||||||
|Repayment
ofbank loans||||(78,595)||(83,218)||
|Net cash used in financing||activities|||(78,595)||(83,218)|
|Net increase/(decrease)|in|cash and|cash|||||
|equivalents|||||35,460||(74,642)|
|Cash and cash equivalents||at beginning|ofyear||894,307||968,949|
|Cash and cash equivalents||at end of|year||929,767||894,307|
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|||||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||||funds
6|funds
5|2021
6|2020f|
|Miscellaneous||donations|||||12,676|12,676|163|
|Donated|deposits from leaving|||pupils||1,750||1,750|1,750|
|Giff Aid||||||251||251||
|Donation|from|alumnae|||||||40,159|
|||||||2,001|12,676|14,677|42,072|
|Income|from|charitable|activities|||||||
||||||Schoolfees|Less: total|School tripe/|Total|Total|
|||||||bursarles,|meals and|2021|2020|
|||||||srsnts and|other income|||
|||||||allowances||||
|||||||2||||
|Income for the||year|||3,831,987|(378,661)|71,299|3,524,625|3,653,607|
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||Unrestricted|Unrestricted|
|---|---|---|
||funds|funds|
||2021|2020|
||f|f|
|Bank interest received|122|2,475|
|Other income|||
||Unrestricted|Unrestricted|
||funds|funds|
||2021|2020|
||f||
|Job Retention Scheme Grant|78,358|130,596|
##
|||Teaching|Premises|Welfare|Support|Total|Total|
|---|---|---|---|---|---|---|---|
||||||costs of|2021|2020|
||||||schooling|||
||||||6|||
|Staff costs||2,370,054|132,941|69,911|331,650|2,904,556|3,010,804|
|Depreciation|||58,626|||58,626|58,913|
|Other costs||119,246|195,688|26,047|152,974|493,955|704,477|
|||2,489,300|387,255|95,958|484,624|3,457,137|3,774,194|
|Governance|costs||||47,496|47,496|21,122|
|||2,489,300|387,255|95,958|532,120|3,504,633|3,795,316|
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|The average|number ofem|ployees|during|the year was|:||||
|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|
|Teaching|||||||43|43|
|Non-teaching|||||||50|51|
||||||||93|94|
|Employment|costs||||||2021
f|2020
f|
|Wages and salaries|||||||2,289,651|2,386,316|
|Social security costs|||||||214,387|219,850|
|Other pension costs|||||||400,518|404,638|
||||||||2,904,556|3,010,804|
|The number|of employees|whose|annual|remuneration|(excluding|pension|||
|contributions)|was 660,000|or more|were:||||||
||||||||2021|2020|
||||||||Number|Number|
|Between f60,000 and f70,000|||||||1|1|
|Between 690,000 and 6100,000|||||||1|1|
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|Tangible|fixed assets||||||||
|---|---|---|---|---|---|---|---|---|
||||Land and|Modular|Fixtures|lentor|vehicles|Total|
||||buildings|building|fittings a||||
||||||equipmentf||6||
|Cost or valuation|||||||||
|At 1August 2020|||4,850,000|380,698|1,735,038||30,831|6,996,567|
|Additions|||||40,196|||40,196|
|Disposals|||||(3,930)|||(3,930)|
|Revaluation|||(350,242)|||||(350,242)|
|Transfer|||350,242|(350,242)|||||
|At 31 July|2021||4,850,000|30,456|1,771,304||30,831|6,682,591|
|Depreciation|||||||||
|At 1August 2020||||15,228|1,614,204||30,831|1,660,263|
|Depreciation
charged||in the year||15,228|43,398|||58,626|
|Eliminated|in respect ofdisposals||||(3,930)|||(3,930)|
|At 31July|2021|||30,456|1,653,672||30,831|1,714,959|
|Carrying|amount||||||||
|At 31 July|2021||4,850,000||117,632|||4,967,632|
|At 31 July|2020||4,850,000|365,470|120,834|||5,336,304|
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|14|Debtors|||||
|---|---|---|---|---|---|
|||||2021|2020|
||Amounts
falling due||within one year:||5|
||Trade debtors|||194,314|206,858|
||Prepayments|and accrued income||81,434|95,045|
|||||275,748|301,903|
|15|Creditors: amounts||falling due within one year|||
|||||2021|2020|
|||||8||
||Loans and overdrafts|||96,611|78,596|
||Taxation and|social security||51,104|55,120|
||Fees received|in advance||15,616|25,003|
||Trade creditors|||33,939|9,392|
||Other creditors|||97,369|99,009|
||Accruals and|deferred|income|70,355|79,056|
|||||364,994|346,176|
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|16|Creditors:|amounts|falling due after more than one year|||
|---|---|---|---|---|---|
|||||2021|2020|
|||||6|6|
||Bank loans|||1,518,228|1,614,838|
||Repayable|deposits||77,250|80,300|
|||||1,595,478|1,695,138|
||Loan maturity
analysis|||||
||In more than one year but not more than two years|||98,870|96,611|
||In more than two years but not more than five years|||1,053,765|303,744|
||In more than five years|||365,593|1,214,483|
|||||1,518,228|1,614,838|
##
|Restrict|ed funds|||||||||
|---|---|---|---|---|---|---|---|---|---|
||||||Balance at 1|Incoming||Resources|Balance at 31|
||||||August|resources||expended|July 2021|
||||||2020|||||
|Donation|towards|sixth form scholarship||||12,526||(12,526)||
|Donation|towards|bursary|fund||||150|(150)||
|Analysis|ofnet assets between funds|||||||||
||||||Unrestricted|||Restricted|Total|
|||||||6||6|6|
|Fund balances at 31 July|||2021 are represented|by:||||||
|Tangible|assets||||4,967,632||||4,967,632|
|Current|assets|||||840,521|||840,521|
|Long term liabilities|||||(1,595,478)||||(1,595,478)|
||||||4,212,675||||4,212,675|
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||||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||f|f|
||Within one year||||||||15,570|21,464|
||Between two and five|years|||||||13,950|23,004|
||||||||||29,520|44,468|
|21|Related party transactions||||||||||
||There were no disclosable
related|||party|transactions||during the year (2020- none).||||
|22|Cash generated
from|operations|||||||2021f|2020
f|
||Deficit for the year||||||||71,717|(31,483)|
||Adjustments
for:||||||||||
||Investment
income recognised||in|statement||offinancial||activities|(122)|(2,475)|
||Depreciation
and impairment||oftangible||fixed assets||||58,626|58,913|
||Movements
in working|capital:|||||||||
||Decrease
in debtors||||||||26,155|40,397|
||Decrease
in creditors||||||||(2,247)|(41,226)|
||Cash generated
from|operations|||||||154,129|24,126|
|23|Analysis ofchanges|in net (debt)/funds|||||||||
|||||||||At 1 August 2020
f|Cash flows
f|At 31July 2021
f|
||Cash at bank and
in hand|||||||894,307|35,460|929,767|
||Loans falling due within one year|||||||(78,596)|(18,015)|(96,611)|
||Loans falling due after|more than||one year||||(1,614,838)|96,610|(1,518,228)|
|||||||||(799,127)|114,055|(685,072)|
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|||||||31July|2021|31|July|2020|31July|2019|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||5||||
|Present value of provision|||||||29,211|||32,232||34,077|
|RECONCILIATION|OF OPENING AND CLOSING||||PROVISIONS||||||||
|||||||31 July
6|2021||||31July 2020
f||
|Provision at start ofperiod|||||||32,232|||||34,077|
|Unwinding
ofthe discount factor||(interest|expense)||||257|||||404|
|Deficit contribution|paid||||||(3,019)|||||(2,879)|
|Remeasurements|- impact ofany change||in|assumptions|||(259)|||||630|
|Remeasurements|-amendments|to the contribution|||schedule||||||||
|Provision at end ofperiod|||||||29,211|||||32,232|
|INCOMEAND
EXPENDITURE IMPACT|||||||||||||
|||||||31 July 2021|||||31July 2020||
|||||||9|||||5||
|Interest expense|||||||257|||||404|
|Remeasurements|—impact ofany change||in|assumptions|||(259)|||||630|
|Costs recognised|in income and|expenditure||account||20,104||||||19,809|
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|DEF|ICIT CONTRIBUTIONS
SCHEDUL|E|||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Year|ending|31|July|2021|31|July|2020|31|July|2019|
||||6|||6|||||
|Year|1|||3,109|||3,019|||2,879|
|Year|2|||3,202|||3,109|||3,019|
|Year|3|||3,299|||3,202|||3,109|
|Year|4|||3,397|||3,299|||3,202|
|Year|5|||3,499|||3,397|||3,299|
|Year|6|||3,604|||3,499|||3,397|
|Year|7|||3,713|||3,604|||3,499|
|Year|8|||3,824|||3,713|||3,604|
|Year|9|||2,952|||3,824|||3,713|
|Year|10||||||2,952|||3,824|
|Year|11|||||||||2,952|
|Year|12||||||||||
|Year|13||||||||||
|Year|14||||||||||
|Year|15||||||||||
|Year|16||||||||||
|Year|17||||||||||
|Year|18||||||||||
|Year|19||||||||||
|Year|20||||||||||