2021-08-31-accounts - Stafford Independent Grammar School

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								Page
Reference and administrative			details ofthe charitable		company,	its trustees	and
advisers
Governors'	report (incorporating			strategic report)				2- 11
Independent	auditor's	report	on	the financial statements				12-15
Statement	offinancial	activities						16
Balance sheet								17
Statement	ofcash flows							18
Notes to the financial		statements						19-38

								As restated
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
				Note	2021 f.	2021f	2021f	2020f
Income from:
Donations and		legacies			6,470		6,470	24,500
Charitable activities					4,624,444		4,624,444	4,438,130
Other trading	activities				6,733		6,733	21,187
Investments					927		927	4,197
Other income					80,462		80,462	150,255
Total income					4,719,036		4,719,036	4,638,269
Expenditure	on:
Raising funds					7,313		7,313	10,371
Charitable activities					4,494,667	2,938	4,497,605	4,567,606
Total expenditure					4,501,980	2,938	4,504,918	4,577,977
Net movement		in funds			217,056	(2,938)	214,118	60,292
Reconciliation		offunds:
Total funds brought			forward		4,855,745	24,500	4,880,245	4,819,953
Net movement		in funds			217,056	(2,938)	214,118	60,292
Total funds carried forward					5,072,801	21,562	5,094,363	4,880,245

						As restated	As restated
				2021	2021	2020	2020
			Note	F
Fixed assets
Tangible assets			13		4,382,599		4,295,219
					4,382,599		4,295,219
Current assets
Stocks			14	5,220		5,366
Debtors			15	51,596		149,539
Cash at bank and in hand				1,234,426		1,051,062
				1,291,242		1,205,967
Creditors: amounts	falling	due within one
year			16	(565,980)		(586,566)
Net current assets					725,262		619,401
Total assets less current		liabilities			5,107,861		4,914,620
Creditors: amounts	falling	due after more
than one year			17				(34,375)
Provisions for liabilities			19		(13,498)
Total net assets					5,094,363		4,880,245
Charity funds
Restricted funds			20		21,562		24,500
Unrestricted funds			20		5,072,801		4,855,745
Total funds					5,094,363		4,880,245

				2021f	2020
Cash flows from operating	activities
Net cash used in operating	activities			525,307	42,298
Cash flows from investing	activities
Investment income receipts				927	4,197
Purchase oftangible fixed assets				(276,757)	(30,517)
Finance costs paid				(7,313)	(10,371)
Net cash used in investing	activities			(283143)	(36691)
Cash flows from financing	activities
Repayments of borrowing				(58,800)	(55,922)
Net cash used in financing	activities			(58,800)	(55,922)
Change in cash and cash	equivalents	in	the year	183,364	(50,315)
Cash and cash equivalents	at the beginning		ofthe year	1,051,062	1,101,377
Cash and cash equivalents	at the end	of	the year	1,234,426	1,051,062

	Unrestricted	Restricted	Total	Total
	funds	funds	funds	funds
	2021f	2021f	2021f	2020f
Donations	6,470		6,470	24,500
Total 2020		24,500	24,500

					As restated
			Unrestricted	Total	Total
			funds	funds	funds
			2021f	2021 f	2020
Gross school fees			5,229,708	5,229,708	5,309,518
Scholarships, bursaries		and discounts	(887,232)	(887,232)	(1,185,215)
Other education	income		282,012	282,012	307,702
Donations			(44)	(44)	6,125
Total 2021			4,624,444	4,624,444	4,438,130
Total 2020 as	restated		4,438,130	4,438,130

		Unrestricted	Total	Total
		funds	funds	funds
		2021f	2021	2020f
Bank	interest	927	927	4,197
Total	2020	4,197	4,197

			Unrestricted	Total	Total
			funds	funds	funds
			2021	2021	2020
			f.
Coronavirus	Job Retention	Scheme	80,462	80,462	150,255
Total 2020			150,255	150,255

				Unrestricted	Total	Total
				funds	funds	funds
				2021f	2021f	2020 f.
Bank	interest	and	charges	7,313	7,313	10,371
Total	2020			10,371	10,371

				As restated
	Unrestricted	Restricted	Total	Total
	funds	funds	funds	funds
	2021f	2021f	2021f	2020
Teaching	2,852,172		2,852,172	2,800,190
Prep School	663,790		663,790	685,481
Transport	215,409		215,409	234,330
Sports Hall	26,198		26,198	32,901
Premises	709,143	2,938	712,081	743,749
Governance	27,955		27,955	70,955
	4,494,667	2,938	4,497,605	4,567,606
Total2020asrestated	4,567,606		4,567,606

					As restated
				Total	Total
	Staff costs	Depreciation	Other costs	funds	funds
	2021 f	2021 f	2021 f	2021 f	2020 f
Teaching	2,144,166		708,006	2,852,172	2,795,878
Prep School	653,199		10,591	663,790	685,482
Transport	151,607		63,802	215,409	234,330
Sports Hall			26,198	26,198	32,901
Premises	521,295	187,848	2,938	712,081	748,060
Governance			27,955	27,955	70,955
	3,470,267	187,848	839,490	4,497,605	4,567,606
Total 2020 as restated	3,514,437	192,318	860,851	4,567,606

	Activities			As restated
	undertaken	Support	Total	Total
	directly	costs	funds	funds
	2021	2021	2021	2020
		f.
Teaching	2,326,131	526,041	2,852,172	2,795,878
Prep School	632,097	31,693	663,790	685,482
Transport	215,409		215,409	234,330
Sports Hall	26,198		26,198	32,901
Premises		712,081	712,081	748,060
Governance		27,955	27,955	70,955
	3,199,835	1,297,770	4,497,605	4,567,606
Total 2020 as restated	3,241,173	1,326,433	4,567,606

					Total	Total
	Teaching	Prep School	Transport	Sports Hall	funds	funds
	2021 F	2021 f	2021 F	2021 f	2021 F	2020f
Staff costs	2,081,851	624,124	151,607		2,857,582	2,882,980
Subject materials
and supplies	121,969	6,646			128,615	126,952
School transport
costs	985				985	22,542
Seminars and
training courses	8,782	1,327			10,109	15,127
Travelling and
motor expenses	224		63,802		64,026	63,321
Light and heat				22,203	22,203	28,912
Catering costs	57,619				57,619	57,019
Sundry expenses
-sports hall				3,995	3,995	3,989
Marketing	54,701				54,701	40,331
	2,326,131	632,097	215,409	26,198	3,199,835	3,241,173
Total 2020	2,318,305	655,637	234,330	32,901	3,241,173

							As restated
						Total	Total
		Teaching	Prep School	Premises	Governance	funds	funds
		2021	2021	2021	2021	2021	2020
				F			F
Staff costs		62,315	29,075	521,295		612,685	631,457
Depreciation				187,848		187,848	192,318
Postage, printing,
stationery	&
advertising		4,598				4,598	6,568
Insurances		47,493				47,493	37,692
Marketing		10,317				10,317	10,317
Telephone		17,952				17,952	7,791
Maintenance	and
repairs		78,185		2,938	2,181	83,304	77,182
Business 8	water
rates		34,624				34,624	34,245
Light and heat		49,077				49,077	54,800
Subscriptions		43,405	1,711			45,116	44,526
Cleaning		19,092				19,092	24,456
Leasing charges		106,266				106,266	78,032
Sundry expenses		21,873	907			22,780	34,108
Consumable
computer
expenses		6,778				6,778	14,164
Professional	fees	5,442			25,774	31,216	75,913
Bad debts		18,624				18,624	2,864
		526,041	31,693	712,081	27,955	1,297,770	1,326,433
Total 2020	as
restated		477,573	29,845	748,060	70,955	1,326,433

Auditor's remuneration
				2021	2020
Fees payable to the charitable	company's	auditor	for the audit ofthe
charitable company's annual	accounts			11,000	18,408
Fees payable to the charitable	company's	auditor	in respect of:
All non-audit services not included above				800	2,868

	2021	2020
Wages and salaries	2,812,829	2,759,332
Social security costs	256,829	265,254
Other pension costs	400,609	489,851
	3,470,267	3,514,437

		2021	2020
		No.	No.
Teaching	staff	56	61
Support	staff	48	50
		104

	Freehold	Motor	Fixtures	Office	Other fixed
	property	vehicles	and fittings f	equipment f	assets f	Totalf
Cost or valuation
At 1 September 2020	5,856,778	461,820	392,809	1,267,607	196,680	8,175,694
Additions	108,074	95,253	50,352	23,078		276,757
Disposals				(5,400)	-	(5,400)
At 31 August 2021	5,964,852	557,073	443,161	1,285,285	196,680	8,447,051
Depreciation
At 1 September 2020	1,787,912	461,820	248,237	1,188,924	193,582	3,880,475
Charge for the year	105,802	12,506	38,676	29,228	1,635	187,847
On disposals				(3,870)	-	(3,870)
At 31 August 2021	1,893,714	474,326	286,913	1,214,282	195,217	4,064,452
Net book value
At 31 August 2021	4,071,138	82,747	156,248	71,003	1,463	4,382,599
At 31 August 2020	4,068,866		144,572	78,683	3,098	4,295,219

Stocks
	2021f	2020f
Raw materials	3,878	3,064
Finished goods	1,342	2,302
	5,220	5,366

		2021	2020
			F
Due within one year
Trade debtors		46,372	97,970
Other debtors		3,134	811
Prepayments	and accrued income	2,090	50,758
		51,596	149,539

							2021	2020
							F
	Bank loans						31,496	55,921
	Trade creditors						109,194	53,316
	Other taxation and	social security					67,441	68,518
	Other creditors						26,857	80,187
	Accruals and deferred			income			330,992	328,624
							565,980	586,566
							2021	2020
								F
	Deferred income at		1	September	2020		304,198	295,760
	Resources deferred		during the year				315,273	304,198
	Amounts released	from previous			periods		(304,198)	(295,760)
							315,273	304,198
	All deferred income		is	made up offees paid		in advance.
17.	Creditors: Amounts			falling due	after more	than one year

STAFFORD INDEPENDENT	GRAMMAR SCHOOL
(A company limited	by guarantee)

			NOTES TO THE FINANCIAL STATEMENTS	NOTES TO THE FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 31AUGUST 2021
18.	Financial	instruments
					2021	2020
						F
	Financial	assets
	Financial assets measured		at fair value through	income and expenditure	1,234,426	1,051,062
19.	Provisions
						Exam fee
						refund
	Additions					13,498
						13,498

Statement	offunds
Statement	offunds	- current year
			Balance at 1			Balance at
			September			31 August
			2020	Income f	Expenditure	2021
Unrestricted	funds
Designated	funds
Sixth form				6,470		6,470
General funds
General Funds - all		funds	4,855,745	4,712,566	(4,501,980)	5,066,331
Total Unrestricted		funds	4,855,745	4,719,036	(4,501,980)	5,072,801
Restricted	funds
Performing	arts		24,500		(2,938)	21,562
Total offunds			4,880,245	4,719,036	(4,504,918)	5,094,363

Statement	offunds - prior year
					Balance at
		Balance at	As restated	As restated	31August
		1 April 2019 K	Income	Expenditure f	2020 f
Unrestricted	funds
General Funds - all funds		4,819,953	4,613,769	(4,577,977)	4,855,745
Restricted	funds
Performing	arts		24,500		24,500
Total offunds		4,819,953	4,638,269	(4,577,977)	4,880,245

Summary	offunds - current ye	ar
		Balance at 1			Balance at
		September			31August
		2020	Income	Expenditure	2021f
Designated	funds		6,470		6,470
General funds		4,855,745	4,712,566	(4,501,980)	5,066,331
Restricted	funds	24,500		(2,938)	21,562
		4,880,245	4,719,036	(4,504,918)	5,094,363

Summary	offunds - prior year
					Balance at
		Balance at	As restated	As restated	31 August
		1 April 2019 f	Income f	Expenditure	2020f
General funds		4,819,953	4,613,769	(4,577,977)	4,855,745
Restricted	funds		24,500		24,500
		4,819,953	4,638,269	(4,577,977)	4,880,245

Analysis	of net assets	between funds - current	year
			Unrestricted	Restricted	Total
			funds	funds	funds
			2021f	2021	2021f
Tangible	fixed assets		4,382,599		4,382,599
Current assets			1,269,680	21,562	1,291,242
Creditors	due within one year		(565,980)		(565,980)
Provisions	for liabilities	and charges	(13,498)		(13,498)
Total			5,072,801	21,562	5,094,363

Analysis	of n	et assets between funds - prior y	ear - as restated
			Unrestricted	Restncted	Total
			funds	funds	funds
			2020f	2020	2020f
Tangible	fixed	assets	4,295,219		4,295,219
Current	assets		1,181,467	24,500	1,205,967
Creditors	due	within one year	(586,566)		(586,566)
Creditors	due	in more than one year	(34,375)		(34,375)
Ttl			4,855,745	24,500	4,880,245

23.	Reconciliation of n	et movement	in fund	s to net cas	h flow from oper	ating activities
							As restated
						2021	2020f
	Net income for the year (as per Statement			of Financial	Activities)	214,118	60,292
	Adjustments for:
	Depreciation charges					187,847	192,318
	Adjustments to fixed	assets restatement					(57,402)
	Investment income					(927)	(4,197)
	Loss on the sale offixed assets					1,530
	Decrease/(increase)	in stocks				146	(1,662)
	Decrease/(increase)	in debtors				97,943	(44,258)
	Increase!(decrea e)	in creditors				17,337	(113,164)
	Financing costs					7,313	10,371
	Net cash provided	by operating	activities			525,307	42,298
24.	Analysis ofcash and cash equivalents
						2021	2020
						F
	Cash in hand					1,234,426	1,051,062
	Total cash and cash equivalents					1,234,426	1,051,062
25.	Analysis ofchanges in net debt

			At 1
			September		At 31
			2020	Cash flows	August 2021
Cash	at bank and	in hand	1,051,062	183,364	1,234,426
Debt	due within 1	year	(55,921)	24,425	(31,496)
Debt	due after 1 year		(34,375)	34,375
			960,766	242,164	1,202,930

under non-	can	cellable operating leases as follows:
			2021f	2020f
Not later than		1 year	64,227	57,819
Later than	1 year and not later than 5years		91,313	41,762
			155,540	99,581