2020-08-31-accounts - The Edgbaston High School For Girls

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Directozs appomted by the shareholders, who are also the trustees ofthe~,since 1 September 2019
MrJDPayne BSc,MRICS—(Chaimum) -Resigned I'rom role 3V08/2020, still atrustee Mzs CFatah RGN—(Deputy Chaizmm) -Resigned hom role 31/08/2020, still atrustee MsH JAmoldBSc
Mzs SAEngland Kerr Resigned 29/1 V2019 MrIGiifmu~PGCE Resigned 02/07/2020 Mrs AESHowarth DrJV~PhD, BSc,PGCE, Mod (EdPsych), AFBPs, CPsychol Resigned 3V08/2020 Mrs VJNicholls~MCIPD
Mrs SPriest MAMRICS
Mr GIScottMA (Oxon) -Appointed Chair 01/09/2020
Mts PMTilt Appomted 14September 2020 MrsJTozer LLB(Hous), Solicitor, BD—Appomted Depuiy Chair 01/09/2020 Mr M Chitty BAHone (Dunebn)

dgbaston High School NSOLIDATED STATEMENT the year ended 31August 2020	for OF FIN	Girls ANCIAL A	CT~
	Notes	Vnrestrtcmd funds	Endow mom frmds	Totalfunds 2020	Tata!funds 20/9
INCOME AND ENDOWMFZKS
FROM: Charitable activities	2	9,684,604		9,684,604	10,174386
Odter tradmg ectndties lllvestul ents	4 5	50,352 118781		50,352 118,781	69,709 124,697
Total		9,853,737		9,853,737	10368,792
EXPENDITURE ON: Raising funds	6	33,116		33,116	22,094
Charitable acdvitias: -Educational costs -Establishment costs - Support costs -Awards made	7	7,140,765 1,317,583 1381492	6,373	7,140,765 1317,583 1,381,492 6,373	6,840,166 1,534,303 1,539,338
Total		9,872,956	6,373	9,879,329	9,935,901
Losses/(galas) on iavestmentst	12	(167,052)		(167,052)	141395
TRANSFERS	19,20
NET (EXPENDITURE)/INCOME		(186371)	(6,373)	(192,644)	574386
NEI' MOVEMENT IN FUNDS		(186271)	(6,373)	(192,644)	574386
BALANCE BROUGHT		20,460,859	16,035	20,476,894	19,902,608
FORWARD
BALANCE CARRIED FORWARD		20374,588	9,662	20384350	20,476.894

Gross mcome		9,853,737	10368,792
Total expenditure		(9,879329)	(95t35~1)
Net income		(25,592)	432,891
Gams/0osses) on disposal ofaxed	asset investmenet	(29,144)	(378,438)
NET EXPENSITURE/(INCOME)	FORTHE YEAR	(54,736)	54,453

s at 31 August 2020			Company Nu	mber; 10631
		Notes	2020	2019
FIXEDASSETS Tangible assets Investments		11 12	12,992,865 4,066,541	13,350,325 4/42, 045
			17,059,406	17,592370
CURRENT ASSETS Debtors Cash at bank snd in hand	-unrestricted -restricted fimds and endowment	14	260311 4,554,374 9,662	401/01 3,905~0 16,035
			4,824447	4,322,576
CREDITORS: Amounts	falling due within one year	15	{1,599,403)	(1,43 8,052)
NET CURRENT ASSETS			3424,844	2,884,524
TOTAL NET ASSETS			20/84450	20,476,894
Endowment funds Designated funds and called up share capital Other funds TOTAL~FUNDS		18 19 19	9,662 15446,185 5,028,403 20784350	16,035 15,603,645 4,8572.14 20,476,894

PIXED~		1%ores	2020 g	2019 g
Tangi1&le assets Investmerds		11 13	12„tt92,865 4,160,748	13350325 4336~2
			17,153,613	17,686877
CURRENT ASSETS
Debtors Cash atbank and. in hand	-unrestricted	14	322,411 4371,072	426PA8 3,755,459
	-restricted funds and endowment		9,662	16,035
			4,703,145	4,197,742
CREDITORS Amounts	falhng due withia one year	15	(1495,403)	(1,434,052)
NET CURRENT ASSETS			3,107742	2,763,690
TOTAL NET ASSETS			20461355	20,450467
		18 20	9,662 15~,185	16,035 15,603,645
		20	5,005408	4,830487
TOTAL CHARITY FUNDS			20361@55	20,450467

dgbaston High School ONSOLIDATED STATEMENT O or the year ended 31August 2020	for F C	Girls ASH FLO	WS
					2019
Cash flows from operating activities:
Net cash provided by operating activities				716,937	875,511
Cash flows from investing nativities:
Dividends and interest from investments Purchase ofproperty, plant and equipment				118,781 (195,036)	124,697 (477709)
Proceeds kom sale of investments
-Endowment -Unrestricted				996,679	3,851,482
Purchase ofinvestments
-Endowment -Unrestricted				(988,227)	(3,858,437)
Net cash used in investing activities				(67,803)	(359,467)
Cash flows from flnancing activities:
Endowment income
Expenditure on endowment				(6,373)
Net cash (used in)/generated by fbsancing		activities		(6873)	48
Change in cash and cash equivalents	in the reporting		period	642,761	516,092
Cash snd cash equivalents at the beginning		ofthe		3,921,275	3,405,183
reporting period
Cash snd cash equivalents at the end	ofthe reporting			4,564,036	3,921,275
period
Reconciliation ofnet become to net cash flows from
operating activities Net income forthe reporting period				(192,644)	5747.86
Adjustments for. Gains/0osses) on mvestments Net expenditure/(income) on endowments Depreciation charges				167,052 6373 552,496	(141,395) (48) 578,914
Loss snd disposal offlxed assets Dividends and mterest from investments Decrease/(increase) in debtors Increase m creditors				(118,781) 141,090 161,351	(124,698) (41,188) 29,640
Net cash provided by operating activities				716937	875,511

Analysis ofcash and cash epuvalents	2OZO
	4/64,036	3P2I475
Total cash and cash eqnivalents	4464,036	3+ZI~S

COMPARATIVE INFORMATION - STA	TEMENT OFFINA	NCIAL ACTIVI	TIES
	Uruestrlcted fundsf	Endowment funds f.	ttestrtcted fundsf	Totalfunds 2019
INCOME AND ENDOWMENTS
FROM: Charitable activities Other trading activities Investments	10,174386 69,709 124,649	48		10,174386 69,709 124,697
Total	10,368,744			10,368,792
EXPENDEDITURE ON: Raising Smds	22,094			22,094
Charitable activities —Educational costs -Establishment costs -Support costs	6,840,166 1,534203 1,539238			6,840, 166 1,534,303 1439338
-Awards made
Total	9,935,901			9rr35,901
(Iossesi/gams on investments	141,395			141,395
NET INCOME/(EXPENDITURE)	574438			574286
NETMO~ IN FUNDS	574285	48		574,286
BALANCE BROUGHT FORWARD	19,886,573	15,987		19,902,608
BALANCES CARRIED FORWARD	20,460,859	16,035		20,476,894

INCOME FROM~ABLEACT1VKIES	2020	2019
School fees R gistration fees After School cover	8,740,612 24,525 61365	9835,152 26~3 97,795
mcome Other income fiom charitable activities Exceptional Government Funding: -Coronavirus Job Reteufion Scheme Gnmt -School Open forKeyWorkn's children Grant	395277 123,853 302 tr72) ~36,tMD	572,806 142@80
	9,684,604	10,174386

3	SCHOOL FEES		2020	2019
	The School*s fee income compriseck
	Gross fees		9,708,138	10~9tt95
	Less:Total bursaries, scholarships	and allowances	(967426)	(924,844)
			8,740,612	9835,152
4	OTHER TRADINGA~S		2020	2019
				f,
	Hhe ofschool fitcilittes		50352	69,709
5	INVESTMENT INCOME		2020	2019
				6
	Income hu listed mvestments		102,881	106~
	Bank interest and mterest on short	term deposits	15„F00	18395
	Endowment tuteresx
			118,781
6	INVES~ COSTS		2020	2019
	investmeut management		33,116	22,094
				Page 28

or th	e year ended 31	August 2020
7	CHARITABLE	ACTIVITIES	EXPENDITURE			2020	2019
			Stttff costs	Other costs	Deprectctton	Total	Total
	Charitable activities: Educational costs Establishment costs Support costs		6,605 tt69 702,464 535335	534,796 615,119 293,660	552,497	7,140,765 1,317,583 1,381,492	6,840,166 1,534,303 1,539,338
	Taxation Awards made			6373		6,373
	Total —2020		7,843,768	1,449$48	552,497	9,846313	9,913,807
	Total —2019		7,566262	1,768,632	578,914

NET INCOME	Unrestricted 2020	funds 2019
Net income is stated after charging:
Depreciation and amounts written offtangible Exed assets: Charge for the year: owned assets	552,496	578,914
Operating lease rentals; Land and bugdings Plant and machmery	2,048 27,308	1,031 18,420
Auditor's remuneration: Audit fees current year Non audit services Trustee Indemnity Insurance	30,370 2,784 268	22,900 2,972 268

		2020	2019
The average weekly number ofpersons employed	by the School	No	No
durmg thc year was:
		160	155
		70	68
		2020	2019
		No	No
'Ihe average weekly number offull time equivalent	employees
employed by the School dming thc year was:
Teachmg and allied statf		130	129
Olhers		40	40
		170	169
		2020	2019
StaBcostsforabovepersons:
Wages and salaries Social secunty costs		6,035,440 635,781	6,087,784 585~
Olher peusion costs		1,120~9	831,436
		7,791,450	7404,764

The number ofemployees whose emoluments am	ounted to over f60,000inthe year were	as follows:
	2020	2019
	No.	No.
Bi0,000 -&9rt99	I	I
$70-000 —79P99	I
6120,000 - f129,999	I
f130,000-6139~9 f140,000 -f149/99

TANGIBLE FIXED ASSETS GROUP AND COMPANY			Plant and
	Assets in	Long	machinery
	course of	leasehold	and ICT
	construction	property	hardware	Total
	6	6
Cost 1 September 2019 Additions Disposal Transfers	135,622 (135,622)	16,737tt55 8,760	3,879,013 186476 (71417) 135,622	20,752,590 195,036 (71,517)
3I August 2020		16,746,715	4,129,394	20,876,109
Depreciation 1 September 2019 Charged in the year Disposal		4,192,827 317,092	3409,438 235,404 (71,517)	7,402365 552,496 (71,517)
31August 2020		4/09,919	3373325	7,883244
Net book value 31August 2020		12,236,796	756,069	12,992,865
31August 2019	135,622	12,545,128	669,575	13,350,325

or th	e year ended 31August 2020
12	FIXEDASSETINtrES~S GROUP		Unrestricted Func's	Endowment Funds
			Listed	Listed	Total
	~value
	I September 2019 Additions		4~2,045 988~4		4/42, 045 988~
	Disp oasis Net investment loss		(996,679) (167,049)		(996,679) (167,049)
	31~2020		4,066~1		4,066,541
	Historical cost as at 3IAugust 2020		3949,776		3 r4t9,776
	Historical cost as at31August 2019		3rr87,453		3887,453
13	FIXEDASSETINVES~ COMPANY	Unlisted (subsidiary)	U~ Frards Listed
			6
	Market value
	I September 2019	94207	4+42,045		4336352
	Additions		988~7		988~7
	Disposals		(996,679)		(996,679)
	Net investment loss Transkrs (seenote 17)		(167,052)		(167,052)
	31August 2020	94907	4,066~1		4,160,748
	Iiistorical cost as at31August 2020	100,000	3,949,776		4,049,776
	Historical cost asat31August 2019	100,000	3987,453		4,087,453

FIXED ASSET INVESTMENTS COMPANY (continu	FIXED ASSET INVESTMENTS COMPANY (continu	ed)
The company holds directly more than 10%ofthe share		capital ofthe	following undeztahng:
	Country of incorporation	Class of holding	Proportion held	Plature of business
EHS (Property Services) Liuuted Company no. 02660124	England	Ordmary	100%	Hire of school faczitttes

	Split of investments lvhuket value	and overseas: Unlisted f,	Listed L	Endowment	Totalf
	UK Overseas Global	94307	2450,057 1,178,673 637,809		2,344+64 1,178,673 637,809
		942,07	4,066/39		4,160,746
		GROUP		COMPANY
14	DEBTORS	2020	2019	2020	2019
	Due within one year: Fees and disbursements Other debtors Prepayments Amount due fiom subsidiary	32,046 43,619 184,546	145,514 47,686 208,101	32,046 38311 184~6 67407	145,513 38,374 208,102 34359
	undertaking
		260411	401,301	322,410	426,248

CREDITORS: Amouots gttgng due wight one year	2020	GROUP 2019	COMPANY 2020 2019 f.	COMPANY 2020 2019 f.
Trade creditors Deferred income	104,765 161,424 IP33'14	162,078 135332 1,140,642	104,765 157,424 1333414	162,078 131,332 1,140,642
	1,599,403	1,438,052	1495,403	1,434,052
DE~INCOME			2020	2019
GROUP AND COMPANY
I Scptmnbet			I,140,642	1,062,046
Additions Released			1333314 (1,140,642)	1,140,642 (1,062,046)
31August			1333414	1.140,642

ANALYSIS	OF NET ASSETS	BETWEEN FUNDS
				Net curent	Fund
		Fixed assets	Investments	assets	balances
			f,
Unrestricted Designated Other fimds Endowment	funds: funds funds	12,992,865	2/50,000 1,816,541	3320 3311,862 9,662	15,246, 185 5,028,403 9,662
		12,992,865	4,066,541	3,224,844	20,284750

			Ba)ance at 1 September 2019	Expenditure		Balance at 31 August 2020
			E	f,	8
Special	funds	and	awards:
Prizes Awards	and fund		16,035	(6,373)		9,662
			16,035	(6373)		9,662

CONSOILDATE	D UNRESTRICT	ED FUNDS:	~ I	N THEYEAR
	Balance at I September 2019 6			Gains/ (loss) on mvesiment		Balance at 31August 2020
Designated
fends
Tmqpble Sxed
asset fund	13350325				(357,460)	12,992,865
Bursarics and
Scholarship
fund	2250,000	65,721	(158,150)	92,429		2250,000
	3,320					3320
	15,603,645	65,721	(158,150)	92,429	(357,460)	15446,185
General
reserve	4,857214	9,788,016	(9,714,806)	(259,481)	357,460	5,028,403
Total
unrestncted
Snds	20,460,859	9,853,737	P,872956)	(167,052)		20~4488

OMPANY UNR	ESTRICTED FUN	DS:	IN THE	YEAR
	Balance at I September 2019	Income	Expenditme	Gains/ (loss) on mvestments	Transfers	Balance at 31August 2020
			f.	f,
Designated
fends
Tangible fixed asset fund	13,350,325				(357,460)	12,992,865
Burssries and
Scholarship fund	2,250,000	65,721	(158,150)	92,429		2,250,000
Called up share capital	3320					3320
	15,603,645	65,721	(158,151)	92,429	(357,460)	15,246,185
General reserve	4,830,587	9,758,411	(9,681,499)	(259,481)	357,460	5,005,508
Total
unrestricted fimds	20,434,232	9,824,162	(9,839,649)	(167,052)		20,251,693

		2019
Equity shaxe capital A~
750 ordmary shares oH10 each	7400
Allotted, issued and funy paicL 332~shares of$10each	3320	3~0

COMMXIMENIS UND	ER OPERATIN	G LEASES
The total Sxture minimum	lease payments	under non-cmcellabIe	operating	leases are set out below:
		Land and butldirgs		Equipment
		2020	2019	2020	2019
Withm one year		1,870	1,870	17401	17401
Between one and Eve yeaxs After tive years		7,480 67320	7,480 69,190	34,402	51,603
		76,670	78~	51,603	68,804

		EBS(Property	Sexvices) Lhnited
		2020	2019
		8	8
Managmnent charge Prcgts~trom ~due txv'(ttmn)	EHS~Servtcm) Limited EBS(Property Services) Limited	29~0 20,777 (67407)	41,836 17,511 (34~9)

PARENT COMPANY	PARENT COMPANY
The results of the parent company are as follows:		2020	2019
Total income		9,824,162	10,316494
Net movement	in funds in the year	(188,912)	571,019