## 

|||Page||
|---|---|---|---|
|Repott ofthe Tntstees|I|to|6|
|Report ofthe Independent<br>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|





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||||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<br>activities||||||||||
|Educational<br>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<br>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<br>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<br>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<br>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<br>in year||||||(55,963)||
|Capital repayments<br>in year||||||(3,490)||
|Net cash (used in)/provided||by financing||activities||(9,364)||
|Change in cash and cash||equivalents||in||||
|the reporting<br>period||||||83,518|(93,640)|
|Cash and cash equivalents||at the||||||
|beginning<br>ofthe reporting||period||||384,135|477,775|
|Cash and cash equivalents||at|the end|of||||
|the reporting<br>period||||||467,653|384,135|





## 

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## 

||||||t<br>t<br>1 ws<br>for the Year Ended 31Au<br>st2020|t<br>t<br>1 ws<br>for the Year Ended 31Au<br>st2020|t<br>t<br>1 ws<br>for the Year Ended 31Au<br>st2020|t<br>t<br>1 ws<br>for the Year Ended 31Au<br>st2020|t<br>t<br>1 ws<br>for the Year Ended 31Au<br>st2020|t<br>t<br>1 ws<br>for the Year Ended 31Au<br>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<br>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<br>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|





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|Improvements|to property|at varying rates on cost|
|---|---|---|
|Short leasehold||at varying<br>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|



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||||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|





## 

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## 

||Raising donations<br>and|Raising donations<br>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'<br>iell'lullelatklli|||||4,780|4,555|
||Auditors'<br>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<br>leases|||||108,093|107,193|
||Deficit on disposal offixed assets|||||656||





## 

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## 

## 

|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<br>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<br>activities||||||
|Educational<br>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<br>between||funds|(1,668)|1,668||



## 



## 

||for the Year E|for the Year E|nded 31Au<br>st20|20|20||
|---|---|---|---|---|---|---|
|10.|COMPARATIVES FOR TIIESTATEMENT||OFFINANCIAL|ACTIVITIES -continued|||
|||||Unrestricted|Restncted|Total|
|||||fund|fund|funds|
|||||||f.|
||Net movement<br>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<br>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<br>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<br>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<br>falling due within one year on demand:||||
||Bank loans||89||
||Other loans||44,467|44,467|
||||44,556|44,467|
||Amounts<br>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|





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## 

||||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<br>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<br>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<br>fund||||88,029||21,215|1,668|110,912|
||TOTALFUNDS||||(58,288)||252,888||194,600|





## 

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## 

## 

||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended<br>f.|in funds<br>f|
|Unrestricted|funds|||||
|General fund|||2,190,390|(1,958,717)|231,673|
|Restricted funds||||||
|Foundation<br>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<br>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<br>funds||||
|General fund|4,626,209|(4,081,380)|544,829|
|Restricted funds||||
|Foundation<br>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<br>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<br>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<br>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<br>resources|||80,363||80,363|82,726|
|Examination<br>costs|||6,018||6,018|4,519|
|Music tuition sub contract|||10,379||10,379|15,435|
|Information<br>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<br>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<br>st||2020||||
||||||||2020|2019|
|||||Unrestricted|Restricted||'1'otal|Total|
|||||luuds|funds||funds|lbu(ls|
||||||f.||f.|f.|
|Charitable<br>activities|||||||||
|Brought forward<br>Depreciation ofimprovements<br>to property<br>Depreciation ofshort leasehold<br>Depreciation offixtures and fittings<br>Depreciation ofpavigon<br>Depreciation ofschool equipment||||379,886<br>21,658<br>1,665<br>32,562<br>239<br>9,724|875<br>1,764<br>3,907<br>5,527||379,886<br>22,533<br>1,665<br>34,326<br>4,146<br>15,251|405,288<br>17,525<br>2,075<br>12,501<br>4,040<br>5,383|
|Loss on sale oftangible|fixed|assets||||656|656||
|||||445,734|12,729||458,463|446,812|
|Support costs|||||||||
|Management<br>Mauageiiicut<br>and clerical salaries<br>Other operating<br>leases<br>Postage and telephone<br>Printing<br>and stationery<br>Sundry expenses<br>Legal and professional<br>fees<br>Accountancy<br>and book-keeping<br>Bad debts||||112,318<br>36,113<br>5,000<br>23,541<br>24,862<br>21,047<br>3,053|||112,318<br>36,113<br>5,000<br>23,541<br>24,862<br>21,047<br>3,053|117,212<br>35,212<br>5,195<br>16,754<br>37,708<br>19,777<br>1,108<br>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<br>and public|relations|||21,995|||21,995|14,760|
|Governance<br>costs|||||||||
|Auditors'<br>remuneration||||4,780|||4,780|4,555|
|Auditors'<br>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|