2020-08-31-accounts - Cransley School Limited

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		Page
Repott ofthe Tntstees	I	to	6
Report ofthe Independent Auditors	7	to	g
Statement ofFinancial Activities
Statement ofFinancial Position		10
Statement ot Cash I'lows
Notes to the Statement ofCash Flows		12
Notes to the Financial Statements	13	to	23
Detailed Statement ofFinancial Activities	24	to	25

			Statement ofFinancial Activities	Statement ofFinancial Activities	Statement ofFinancial Activities	Statement ofFinancial Activities
		Inca	cretin	an Income	and Ex enditure Account
			for the	Year Ended 31Au		st2020
								2020	2019
					Unrestricted		Restricted	Total	Total
					fund		fund	funds	funds
				Notes	f,		f,	f	f.
INCOME AND	ENDOWMENTS FROM
Fees received				2	2,266,452			2,266,452	2,069,437
Other income				3	169,367		33,001	202,368	147,679
Total					2,435,819		33,001	2,468,820	2,217,116
EXPENDITURE ON
Direct chantablo	oxpondituro				1,304,904			1,304,904	1,114,665
Charitable activities
Educational Activities					461,365		12,729	474,094	439,488
Support Cost					356,394			356,394	410,075
Total					2,122,663		12,729	2,135,392	1,964,228
NET INCOME					313,156		20,272	333,428	252,888
RECONCILIATION		OF FUNDS
Total funds brought		forward			83,688		110,912	194,600	(58,288)
TOTAL FUNDS CARRIED FORWARD					396,844		131,184	528,028	194,600

		Statement of	Financial Position	Financial Position
		331A	3	2020
						2020	2019
				lhiicstilctrd	Restricted	Total	Total
				fund	fund	funds	funds
		Notes			f,
FIXEDASSETS
Tangible assets		11		717,759	117,202	834,961	706,607
CURRENT ASSETS
Stocks		12		6,355		6,355	12,985
Debtors		13		575,287		575,287	565,972
Cash at bank and in hand				453,671	13,982	467,653	384,135
				1,035,313	13,982	1,049,295	963,092
CREDITORS
Amounts falling due within	one year	14	(1,007,178)			(1,007,178)	(1,103,795)
NET CURRENT ASSETS				28,135	13,982	42,117	(140,703)
TOTAL ASSETSLESSCURRENT
LIABILITIES				745,894	131,184	877,078	565,904
CREDITORS
Amounts falling due after more than one year		15		(349,050)		(349,050)	(371,304)
NET ASSETS/(LIABILITIES)				396,844	131,184	528,028	194,600
FUNDS		18
Unrestricted funds						396,844	83,688
Restricted funds						131,184	110,912
TOTAL FUNDS						528,028	194,600

				Statement ofCash Flows	Statement ofCash Flows
				for the Year Ended 31 Au	st	2020
				Notos		2020	2019f
Cash flows from operating		activities
Cash generated from operations						247,060	359,112
Interest element offinance		lease	payments
paid						(415)
Net cash provided by operating			activities			246,645	359,112
Cash flows from investing		activities
Purchase oftangible fixed assets						(196,459)	(452,753)
Interest received						42,696	1
Nct cash used in investing	activities					(153,763)	(452,752)
Cash flows from financing		activities
New loans in year						50,089
Loan repayments in year						(55,963)
Capital repayments in year						(3,490)
Net cash (used in)/provided		by financing		activities		(9,364)
Change in cash and cash		equivalents		in
the reporting period						83,518	(93,640)
Cash and cash equivalents		at the
beginning ofthe reporting		period				384,135	477,775
Cash and cash equivalents		at	the end	of
the reporting period						467,653	384,135

					t t 1 ws for the Year Ended 31Au st2020	t t 1 ws for the Year Ended 31Au st2020	t t 1 ws for the Year Ended 31Au st2020	t t 1 ws for the Year Ended 31Au st2020	t t 1 ws for the Year Ended 31Au st2020	t t 1 ws for the Year Ended 31Au st2020
RECONCILIATION			OF NKT		INCOME TO NKT CASH FLOW FROM OPERATING ACTIVITIES
									2020	ZOI9
Net income for the		reporting		period (as per the Statement ofFinancial
Activities)									333,428	252,888
Adjustments	for:
Depreciation	charges								77,921	41,524
Loss on disposal of		fixed assets							656
Interest received									(42,696)
Interest element ofhire			purchase		and finance lease rental payments				415
Decrease/(increase)		in	stocks						6,630	(1,462)
Increase in debtors									(9,315)	(53,275)
(Decrease)/increase		in	creditors						(119,979)	119,438
Nei cash provided		by	operations						247,475	359,112
ANALYSIS	OFCHANGES IN				NET	(DEBT)/FUNDS
									Other
									non-cash
						At 1.9.19	Cash	flow	changes f	At31.8.20
Net cash
Cash at bank
and in hand						384,135	83,518			467,653
						384,135	83,518			467,653
Debt
Finance leases								3,490	(10,472)	(6,982)
Debts falling	due
within 1 year						(44,467)		(89)		(44,556)
Debts falling	due
afler I year						(343,185)		5,963		(337,222)
						(387,652)		9,364	(10,472)	(388,760)
Total						(3,517)	92,882		(10,472)	78,893

Improvements	to property	at varying rates on cost
Short leasehold		at varying rates on cost
Construction	in progress	not provided
Gymnasium		4%on cost
Pavilion		5%on cost
Fixtures and	fittings	10%on cost
School equipment		25%on cost

			2020	2019
			f,
Fees			1,973,782	1,720,723
Extra subject	fees		62,616	66,394
Catering			82,614	116,066
Multi-sensory	support		95,815	89,933
Transport			51,625	76,321
			2,266,452	2,069,437
OTHER INCOME
			2020	2019
Donations received			41,187	29,515
Deposit account interest			16	1
Government	grants received,	Job Retention Scheme	42,680
Sundry receipts			118,485	118,163
			202,368	147,679

	Raising donations and	Raising donations and	legacies
						2020	2019
						6
	Staffcosts					1,092,878	924,239
	Departmental	resources				80,363	82,726
	Examination	costs				6,018	4,519
	Music tuition	sub contract				10,379	15,435
	Information	technology				26,223	22,643
	Trip expenses					88,628	65,103
	Interest payable and similar charges					415
						1,304,904	1,114,665
5.	CHARITABLE ACTIVITIFS COSTS
						Suppoit
					Direct	costs (see
					Costs	note 6)	Totals
							f.
	Educational	Activities			416,478	57,616	474,094
	Support Cost				41,985	314,409	356,394
					458,463	372,025	830,488
6.	SUPPORT	COSTS
						Governance
				Management	Other	costs	Totals
					f.
	Educational	Activities		57,616			57,616
	Support Cost			284,029	21,995	8,385	314,409
				341,645	21,995	8,385	372,025
7.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)		is stated after charging/(crediting):
						2020f	2019
	Auditors' iell'lullelatklli					4,780	4,555
	Auditors' remuneration		for non audit	work		3,605	2,553
	Depreciation	- owned assets				77,136	41,525
	Depreciation	- assets on	hire purchase	contracts and finance leases		785
	Other operating leases					108,093	107,193
	Deficit on disposal offixed assets					656

STAFFCOSTS
				2020	2019
Salaries			1,108,086		962,566
Social security costs				86,021	73,885
Pensions				1o,364	16,201
			1,213,471		1,052,652
The average monthly		number ofemployees	during the year was as follows:
				2020	2019
Teaohing staff				40	37
Non teaching staff				16	15
				56	52
No employees had employee benefits in excess off60,000in the current year or the				prior year.
COMPARATIVES		FORTHE STATEMENT OFFINANCIAL ACTIVITIES
			Unrestricted	Restricted	Total
			fund	fund	funds
				f,	f,
INCOME AND	ENDOWMENTS FROM
Fees received			2,069,437		2,069,437
Other income			120,953	26,726	147,679
Total			2,190,390	26,726	2,217,116
EXPENDITURE ON
Direct charitable	expenditure		1,114,665		1,114,665
Charitable activities
Educational Activities			434,116	5,372	439,488
Support Cost			409,936	139	410,075
Total			1,958,717	5,511	1,964,228
NET INCOME			231,673	21,215	252,888
Transfers between		funds	(1,668)	1,668

	for the Year E	for the Year E	nded 31Au st20	20	20
10.	COMPARATIVES FOR TIIESTATEMENT		OFFINANCIAL	ACTIVITIES -continued
				Unrestricted	Restncted	Total
				fund	fund	funds
						f.
	Net movement in funds			230,005	22,883	252,888
	RECONCILIATION	OF FUNDS
	Total funds brought forward			(146,317)	88,029	(58,288)
	TOTAL FUNDS CARRIED FORWARD			83,688	110,912	194,600
11.	TANGIBLE FIXEDASSETS
			Improvements		Construction
			to	Short	in
			property	leasehold	progress	Gymnasium
	COST
	At 1 September 2019		414,346	161,710	30,418	77,088
	Additions		25,505		92,844
	Disposals
	At 31August 2020		439,851	161,710	123,262	77,088
	DEPRECIATION
	At 1 September 2019		140,610	158,157		77,088
	Charge foryear		22,533	1,665
	Eliminated on disposal
	At 31August 2020		163,143	159,822		77,088
	NET BOOKVALUE
	At 31 August 2020		276,708	1,888	123,262
	At 31August 2019		273,736	3,553	30,418

1.	TANGIBLE FIXED	ASSETS - continued
			Fixtures
			slid	School
		Pavilion	fittings	equipment	Totals
				f.
	COST
	At 1 September 2019	81,628	402,220	232,514	1,399,924
	Additions	2,254	63,564	22,764	206,931
	Disposals	(703)			(703)
	At 31August 2020	83,179	465,784	255,278	1,606,152
	DEPRECIATION
	At 1 September 2019	4,673	116,824	195,965	693,317
	Charge for year	4,146	34,326	15,251	77,921
	Eliminated on disposal	(47)			(47)
	At 31August 2020	8,772	151,150	211,216	771,191
	NET BOOKVALUE
	At 31August 2020	74,407	314,634	44,062	834,961
	At 31August 2019	76,955	285,396	36,549	706,607
	Fixed assets, included	in the above, which are held under finance	leases are as follows:
					Fixtures
					and
					fittings
	COST
	Additions				10,472
	DEPRECIATION
	Charge for year				785
	NET BOOKVALUE
	At 31August 2020				9,687
	At 31August 2019
12.	STOCKS
				2020	2019
				8	8
	Stocks			6,355	12,985

13.	DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
			2020	2019
	Fees outstanding		494,804	473,317
	Bad debts provision		(11,823)	(11,992)
	Other debtors		18,037	4,709
	Prepayments and accrued	income	74,269	99,938
			575,287	565,972
14.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			2020	2019
			f.	f.
	Bank loans and overdratts	(see note 16)	89
	Other loans (see note 16)		44,467	44,467
	Finance leases (socnota 17)		5,236
	Trade and other creditors		91,421	117,522
	Social security and other taxes		21,141	17,357
	Fees paid in advance		22,852	37,585
	Deposits in advance		900	800
	Other creditors		11,576	27,470
	Accruals and deferred income		750,493	744,625
	Accrued expenses		59,003	113,969
			1,007,178	1,103,795
15.	CREDITORS: AMOUNTS FALLING DUE AFTERMORE THAN ONE YEAR
			2020	2019
			f	8
	Bank loans (sccnote 16)		50,000
	Other loans (see note 16)		287,222	343,185
	Finance leases (see note 17)		1,746
	Deposits in advance		800	1,200
	Fees paid in advance		9,282	26,919
			349,050	371,304
16.	LOANS
	An analysis ofthe maturity ofloans is given below:
			2020	2019
	Amounts falling due within one year on demand:
	Bank loans		89
	Other loans		44,467	44,467
			44,556	44,467
	Amounts falling between	one and two years:
	Bank loans - 1-2 years		50,000
	Other loans - 1-2years		44,467	44,467
			94,467	44,467

			Finance leases	Finance leases
			2020	2019
				f.
Gross obligations		repayable;
Within one year			5,858
Between one and		five years	1,953
			7,811
Finance charges	repayable:
Within one year			622
Between one and		five years	207
			829
Net obligations	repayable:
Within one year			5,236
Between one and		five years	1,746
			6,982
			Non-cancellable	operating
			leases
			2020	2019
			8	8
Within one year			71,500		845
Between one and		five years	121,594	260,564
			193,094	261,409

			Notes to the Financial	Notes to the Financial	Statements	- continued	- continued
				for the Year Ended 31Au		st2020
18.	MOVEMENT IN FUNDS
								Net
								movement	At
						At 1.9.19		in funds	31.8.20
	Unrestricted	funds
	General fund						83,688	313,156	396,844
	Restricted funds
	Foundation fund						110,912	20,272	131,184
	TOTAL FUNDS						194,600	333,428	528,028
	Net movement	in funds, included		in the above are as	follows:
						Incoming		Resources	Movement
						resources		expended	in funds
								f.
	Unrestricted	funds
	General fund					2,435,819		(2,122,663)	313,156
	Restricted funds
	Foundation fund						33,001	(12,729)	20,272
	TOTAL FUNDS					2,468,820		(2,135,392)	333,428
	Comparatives	for movement	in	funds
							Net	Transfers
						movement		between	At
					At 1.9.18		in funds	funds	31.8.19
									f
	Unrestricted	funds
	General fund				(146,317)		231,673	(1,668)	83,688
	Restricted funds
	Foundation fund				88,029		21,215	1,668	110,912
	TOTALFUNDS				(58,288)		252,888		194,600

			Incoming	Resources	Movement
			resources	expended f.	in funds f
Unrestricted	funds
General fund			2,190,390	(1,958,717)	231,673
Restricted funds
Foundation fund			26,726	(5,511)	21,215
TOTALFUNDS			2,217,116	(1,964,228)	252,888
A current year	12months	and prior year 12months combined position is as follows:
			Net	Transfers
			movement	between	At
		At 1.9.18	in funds	funds	31.8.20
					g
Unrestricted	funds
General fund		(146,317)	544,829	(1,668)	396,844
Restricted funds
Foundation fund		88,029	41,487	1,668	131,184
TOTAL FUNDS		(58,288)	586,316		528,028

	Incoming	Resources	Movement
	resources	expended	in funds
Unrestricted funds
General fund	4,626,209	(4,081,380)	544,829
Restricted funds
Foundation fund	59,721	(18,240)	41,48 /
TOTAL FUNDS	4,685,936	(4,099,620)	586,316

			Detailed Statement ofFinancial Activities	Detailed Statement ofFinancial Activities
			for the Year Ended 31 Au st	2020
					2020	2019
			Unrestricted	Rcstrictcd	Total	Total
			fuuds	funds	funds	funds
INCOME AND	ENDOWMENTS
Fees received
Fees			1,973,782		1,973,782	1,720,723
Extra subject fees			62,616		62,616	66,394
Catering			82,614		82,614	116,066
Multi-sensory support			95,815		95,815	89,933
Tfatlsport			51,625		51,625	76,321
			2,766,4%2		2,266,457	2,069,437
Other income
Dotlatlolls Iccclvcd			8,202	32,985	41,187	29,515
Deposit account	interest			16	16	I
Government grants		received,	Job Retention
Scheme			42,680		42,680
Sundry receipts			118,485		118,485	118,163
			169,367	33,001	202,368	147,679
Total incoming	resources		2,435,819	33,001	2,468,820	2,217,116
EXPENDITURE
Raising donations		and legacies
Support staff costs			210,725		210,725	149,961
Academic staff salaries			882,153		882,153	774,278
Departmental resources			80,363		80,363	82,726
Examination costs			6,018		6,018	4,519
Music tuition sub contract			10,379		10,379	15,435
Information technology			26,223		26,223	22,643
Trip expenses			88,628		88,628	65,103
Leasing			415		415
			1,304,904		1,304,904	1,114,665
Charitable activities
Reut			71,980		71,980	71,981
Rates and water			25,905		25,905	16,340
Insurance			56,274		56,274	57,154
Light and heat			33,384		33,384	39,584
Cleaning			38,099		38,099	41,732
Pensions			19,364		19,364	16,201
Catering			73,327		73,327	104,410
Sundry transport			58,091		58,091	57,886
Covid related costs			3,462		3,462
Carried forward			379,886		379,886	405,288

			Detailed Statement ofFinancial Activities	Detailed Statement ofFinancial Activities	Detailed Statement ofFinancial Activities
			for the Year Ended 31Au st		2020
							2020	2019
				Unrestricted	Restricted		'1'otal	Total
				luuds	funds		funds	lbu(ls
					f.		f.	f.
Charitable activities
Brought forward Depreciation ofimprovements to property Depreciation ofshort leasehold Depreciation offixtures and fittings Depreciation ofpavigon Depreciation ofschool equipment				379,886 21,658 1,665 32,562 239 9,724	875 1,764 3,907 5,527		379,886 22,533 1,665 34,326 4,146 15,251	405,288 17,525 2,075 12,501 4,040 5,383
Loss on sale oftangible	fixed	assets				656	656
				445,734	12,729		458,463	446,812
Support costs
Management Mauageiiicut and clerical salaries Other operating leases Postage and telephone Printing and stationery Sundry expenses Legal and professional fees Accountancy and book-keeping Bad debts				112,318 36,113 5,000 23,541 24,862 21,047 3,053			112,318 36,113 5,000 23,541 24,862 21,047 3,053	117,212 35,212 5,195 16,754 37,708 19,777 1,108 3,377
Bank charges				2,904			2,904	2,878
Repairs and renewals				112,807			112,807	146,662
				341,645			341,645	380,883
Other
Marketing and public	relations			21,995			21,995	14,760
Governance costs
Auditors' remuneration				4,780			4,780	4,555
Auditors' remuneration	for non audit		work	3,605			3,605	2,553
				8,385			8,385	7,108
Total resources expended				2,122,663	12,729		2,135,392	1,964,228
Net income				313,156	20,272		333,428	252,888