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|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|
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|||||||||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|
##
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|||||||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|
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|||||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|
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||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||
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||||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||
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|||||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||
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|||||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||
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||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||
##
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|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||
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||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|
##
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|||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|
##
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|20.|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|
##
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|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|
##
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|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|
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|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|
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