2021-08-31-accounts - The Edgbaston High School For Girls

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dgbaston High School NSOLIDATED STATEMENT the year ended 31 August 2021	for OF FI	Girls NANCIAL A	CTIVITIES
	Notes	t/nrestricted	Endo) r ment	Totolfunds	Toto/ fttnds
		funds	funds	2021	2020
		8
INCOME AND ENDOWMENTS
FROM: Charitable activities	2	9,685,173		9,685,173	9,684,604
Other trading activities	4	39,651		39,651	50,352
Investments	5	88,856		88,856	118,781
Total		9,813,680		9,813,680	9,853,737
EXPENDITURE ON: Raising funds	6	34,853		34,853	33,116
Charitable activities: -Educational costs —Establishment costs - Support costs - Awards made	7	6,762,422 1,433,315 1,276,278		6)762,422 1,433,315 1,276,278	7,140,765 1,317,583 1381 492 6,373
Total		9,506,868		9,506,868	9,879,329
Gains/Bosses) on investments:	12	788,060		788 060	(167052)
TRANSFERS	19,20
NET INCOME/(EXPENDITURE)		1,094,872		1,094,872	(192,644)
NET MOVEivD'NT IN FUNDS		1,094,872		1,094,872	(192,644)
BALANCE BROUGHT		20,274,588	9,662	20284,250	20,476,894
FORWARD
BALANCE CARRIED FORWARD		21,369,460	9,662	21/79,122	20,284350

			2021	2020
Gross income			9,813,680	9,853,737
Total expenditure			(9,506,867)	(9,879,329)
Net income			306,813	(25,592)
Gains/(losses)	on disposal offixed	asset investments	88,569	(29,144)
NET INCOME/(EXPENDITURE)		FORTHE YEAR	395,382	(54,736)

			Notes	2021	2020
FIXEDASSETS Tangible assets Investments			11 12	12,562,865 4,905,884	12,992,865 4,066,541
				17,468,749	17,059,406
CURRENT ASSETS Debtors Cash at bank and in hand	-unresnicted		14	451,390 5,275,727	260,211 4,554,374
	-restricted funds and endowtuent			9,662	9,662
				5,736,779	4,824,247
CREDITORS: Amounts	falling due within	one year	15	(1,826,406)	11,599,403)
NET CURRENT ASSETS				3,910,373	3,224,844
TOTAL NET ASSETS				21,379,122	20,284450
Endowment funds			18	9,662	9,662
Designated funds and called up share capital Other funds			19 19	14816 185 6,553,275	15,246,185 5,028,403
TOTAL CHARITY FUNDS				21,379,122	20,284,250

			Nares	2021	2020
FIXEDASSETS
Tangible assets Investments			11 13	12,562,865 5,000,091	12,992,865 4,160,748
				17,562,956	17,153,613
CURRENT ASSETS
Debtors Cash at bank and in hand	-unrestricted -restricted funds and endowment		14	516,940 5,094,832 9,662	322,411 4,371,072 9,662
				5,621,434	4,703,145
CREDITORSr Amounts	falling due within one year		15	(1,822,313)	(1,595,403)
NET CURRENT ASSETS				3,799,121	3,107,742
TOTAL NET ASSETS				21,362,077	20,261,355
Endowment funds Designated funds and called up share Other funds		capital	18 20 20	9,662 14,816,185 6,536230	9,662 15,246,185 5,005,508
TOTAL CHARITY FUNDS				21,362,077	20,261,355

dgbaston High School ONSOLIDATED STATEMENT O r the year ended 31 August 2021	for F C	Girls ASH FLO	WS
				2021	2020
					K
Cash flows from operating activities: Net cash provided by operating artivities				768,366	716,937
Cash flows from investing activities:
Dividends and interest fiom Investments Purchase ofproperty, plant and equipment				88,856 (84,586)	118,781 (195,036)
Proceeds f'rom sale ofinvestments
Unrestricted				344,682	996,679
Purchase of investments
Unrestricted				(395,965)	(988,227)
Net cash used in investing activities				(47,013)	(67,803)
Cash flows from flnancing activities:
Expenditure on endowment					(6,373)
Net cash (used in)/generated by financing		activities			(6,373)
Change in cash and cash equivalents	in the reporting		period	721,353	642,761
Cash and cash equivalents at the beginning		ofthe		4,564,036	3,921,275
reporting period
Cash and cash equivalents at the end	ofthe reporting			5,285,389	4,564,036
period
Reconciliation ofnet income to net cash flows from
operating activities Net income forthe reporting period				1,094,872	(192,644)
Adjustments for: (Gains)/losses on investments Net expenditure/(income) on endowments Depreciation charges				(788,060) 514,586	167,052 6,373 552,496
Dividends and interest from investments increase)/decrease in debtors Increase in rreditors				(88,856) (191,179) 227,003	(118,781) 141,090 161,351
Net cash provided by operating activities				768,366	716,937
					Page 21

Analysis ofcash and cash equivalents	2021	2020
		f,
Cash at bank	5,285,389	4,564,036
Total cash and cash equivalents	5,285,389	4,564,036

COMPARATIVE INFORMATION - STA	TEMENT OF FINA	NCIAL ACTIV	ITIES
	I/nresiricted	Endowment	rota/funds
	fundsI	funds	2020
INCOME AND ENDOWMENTS
FROM.'
Charitable activities	9,684,604		9,684,604
Other trading activities Investments	50,352 118,781		50,352 118,781
Total	9,1!53,737		9,853,737
EXPENDEDITURE ON.'
Raising funds	33,116		33,116
Charitable activities
-Educational costs	7,140,765		7,140,765
—Establishment costs	1,317,583		1317,583
- Support costs	1,381,492		1,381,492
- Awards made		6,373	6,373
Total	9,872,956	6,373	9,879,329
(Losses)/gains on Investments	(167,052)		(167,052)
NET INCOME/(EXPENDITURE)	(186,271)	(6,373)	(192,644)
NET MOVEMENT IN FUNDS	(186471)	(6,373)	(192,644)
BALANCE BROUGHT FORWARD	20,460,859	16,035	20,476,894
BALANCES CARRIED FORWARD	20,274488	9,662	20,284,250

INCOME FROM CHARITABLE ACTIVITIES	2021	2020
School fees Registration fees After School cover Catering income Other income I'rom charitable activities Exceptional Government Funding:	9,029,232 30,450 43,504 420375 82,624	8,740,612 24,525 61,365 395,277 123,853
-Coronavirus Job Retention Scheme Grant -School Open for Key Worker's children Grant	64,958 14,030	302,972 36,000
	9,685,173	9,684,604

3	SCHOOL FEES		2021	2020
	The School's fee income comprised:
	Gross fees		9,976,882	9,708,138
	Less: Total buzsaries, scholarships	and allowances	(947,650)	(967,526)
			9,029,232	8,740,612
4	OTHER TRADING ACTIVITIES		2021	2020
			8
	Hire ofschool facilities		39,651	50,352
5	INVESTMENT INCOME		2021	2020
	Income &om listed investments		88,324	102,881
	Bank interest and Interest on short	term deposits	532	15,900
			88,856	118,781
6	INVESTMENT COSTS		2021	2020
	Investment management		34,853	33,116

CHARITABLE	ACTIVITIE	S EXPENDITURE
					2027	2020
		Staff costs	Other costs	Depreciation	Total	Total
Charitable activities:
Educational costs		6,359,786	402,636		6,762,422	7,140,765
Establishment	costs	757,923	675,392		1,433,315	1,317,583
Support costs		529,782	231,910	514,586	1,276,278	1,381,492
Awards made						6,373
Total —2021		7,647,491	1,309,938	514,586	9,472,015	9,846,213
Total —2020		7,843,768	1,449,948	552,497

NET INCOME	Unrestric	tedItmde
	2021	2020
Net income is stated atter charging:
Depreciation and amounts written offtangible fixed assets:
Charge for the year: owned assets	514,586	552,496
Operating lease rentals:
Land and buildings	1,963	2,048
Plant and machinery	7,543	27,308
Auditor's remuneration:
Audit fees current year	31,292	30,370
Non audit services	2,952	2,784
Trustee Imiemnity Insurance	268	268


EMPLOYEES			2021	2020
			No	No
The average weekly number ofpersons	employed	by the School
during the year was:
Teaching and allied staff			157	160
Others			66	70
			223	230
			2021	2020
			No	No
The average weekly number offull time	equivalent	employees
employed by the School during the year	was:
Teaching and allied staff			126	130
Others			40	40
			166	170
			2021	2020
Staft costs for above persons:
Wages and salaries			5,925,660	6,035,440
Social security costs			552,018	635,781
Other pension costs			1,095,747	1,120,229
			7,573,425	7,791,450

"The number ofemployees whose emoluments am	ounted to over f60,000 in the year were	as follows
	2021	2020
	No.	No.
f60,000 —f69,999	2	I
Z70,000 —79,999	2	1
8120,000 - f,129,999	I	1

TANGIBLE FIXEDASSETS
GROUP AND COMPANY		Plant and
	Long	machinery
	leasehold	and ICT
	property	hardware	Total
	8		8
Cost
I September 2020	16,746,715	4,129,394	20,876,109
Additions	20,550	64,036	84,586
Disposal		(41,190)	(41,190)
Transfers
31 August 2021	16,767,265	4,152,240	20,919,505
Depreciation
I September 2020	4,509,919	3,373,325	7,883,244
Charged in the year	312,932	201,654	514,586
Disposal		(41,190)	(41,190)
31August 2021	4,822,851	3,533,789	8,356,640
Net book value
31August 2021	11,944,414	618,451	12,562,865
31 August 2020	12236,796	756,069	12,992,865

12	FIXED ASSET INVESTMENTS		Unrestricted
	GROUP		Funds
			Listed	Total
	Market value
	I September 2020		4,066,541	4,066,541
	Additions		395,965	395,965
	Disp oasis		(344,682)	(344,682)
	Net investment gains		788,060	788,060
	31August 2021		4,905,884	4,905,884
	Historical cost as at31 August 2021		4,089,630	4,089,630
	Historical cost as at31August 2020		3,949,776	3,949,776
13	FIXEDASSETINVESTMENTS		Unrestricted
	COMPANY	Unlisted	Furtds
		(subsidiary)	Listed	Total
	Market value
	I September 2020	94407	4,066,541	4,160,748
	Additions		395,965	395,965
	Disposals		(344,682)	(344,682)
	Net investment gains		788,060	788,060
	31 August 2021	94,207	4,905,884	5,000,091
	Historical cost as at31August 2021	100,000	4,089,630	4,189,630
	Historical cost as at 31August 2020	100,000	3,949,776	4,049,776

Name	Country of	Class of	Proportion	Nature of
	incorporation	holding	held	business
EHS (Property Services) Limited	England	Ordinary	100%	Hire of
Company no. 02660124				school
				facilities

Split ofmvestments	between UK and overseas:	between UK and overseas:
Matket value		Unlisted	fisted	Total
UK		94,207	2,845,743	2,939,950
Overseas			1,403,437	1,403,437
Global			656,704	656,704
		94,207	4,905,884	5,000,091
		GROUP		COMPANY
DEBTORS		2021	2020	2021	2020
Due within one year:
Fees and disbursements		130,017	32,046	130,017	32,046
Other debtors		93,015	43,619	65,267	38,311
Prepayments		228,358	184,546	228,358	184,546
Amount due from	subsidiary			93,298	67,507
undertakmg
		451,390	260,211	516,940	322,410

				GROUP	COMPANY	COMPANY
15	CREDITORS: Amounts	falling due	2021	2020	2021	2020
	within one year
	Trade creditors Accruals		174,699 86,494	104,765 161,424	174,699 82,401	104,765 157,424
	Deferred income		1,565,213	I833,214	1,565,213	1,333,214
			1,826,406	1,599,403	1,822,313	1,595,403
	DEFERRED INCOME				2021	2020
	GROUP AND COMPANY
	I September				1,333,214	1,140,642-
	Additions				1,565413	1,333,214
	Released				(1,333,214)	(1,140,642)
	31 August				1,565,213	1333,214

					GROUP		COMPANF	COMPANF
16	FINANCIAL INSTRUMENTS			2021		2020	2021	2020
	Fhancial assets:
	Equity instruments	measured	at fair
	value			5,000,091	4,	160,748	4,905,884	4,066,539

ENDO	WMEN	T F	UNDS.'MOVEME	NTS IN TH	E YEAR
			Balance at				Transfers	Balance at
			1 September			Investment		31 August
			2020	Income	Expenditure	gain/(loss)		2021
			8
Special	funds	and	awards:
Prizes	and
Awards	fund		9,662					9,662
			9,662					9,662

		Balance at			Gsinai		Balance at
		1 September 2020	Income	Expenditure	0osses) on investment	Trarlsfers	31August 2021
Designated
funds
Tangible fixed
asset Rnd		12,992,865				(430,000)	12,562,865
Bursaries	and
Scholarship
fund		2,250,000	40,752	(402,182)	361,430		2,250,000
Called up
share capital		3320					3320
		15446,185	40,752	(402,182)	361,430	(430,000)	14,816,185
General
reserve		5,028,403	9,772,928	(9,104,686)	426,630	430,000	6,553,275
Total
unrestricted
funds		20274,588	9,813,680	(9,506,868)	788,060		21,369,460

OMPANY UNR	ESTRICTED FU	NDS: MOVEM	ENTS IN THE	YEAR
	Balance at			Gains/		Balance at
	I September			(losses) on		31August
	2020	Income	Expenditure	investments	Transfers	2021
						f,
Designated
funds
Tangible fixed asset fund	12,992,865				(430,000)	12,562,865
Bursaries and
Scholarship fund	2,250,000	40,752	(402,182)	361,430		2,250,000
Called up
share capital	3)320					3,320
	15,246,185	40,752	(402,182)	361,430	(430,000)	14,816,185
General
reserve	5,005,508	9,750,324	(9,076,232)	426,630	430,000	6,536,230
Total
unrestricted
funds	20251,693	9,791,076	(9,478,414)	788,060		21,352,415

		2021	2020
Equity share	capital
Authorised:
750 ordinary	shares of510each	7,500	7,500
AUotted, issued and fully paid:
332 ordinary	shares ofQ0each	3320	3,320

			EHS (Property Services) Limited	EHS (Property Services) Limited
			2021	2020
Management	charge		22407	29@30
Profits distributed		EB(Propaty Services) Limited	17,047	20,777
Amounts due	to/(from)	EHS (Property Services) Limited	(93,298)	(67,507)

PARENT CO	MPANY
The results of	the parent company	are as follows:	2021	2020
Total income
			9,791,076	9,824, 162
Net movement	in funds in the year		1,094,872	(188,912)