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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|
##
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##
|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|||
|8|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)|
##