OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-08-31-accounts

Directors and Advisors for the Year Ended 31August 2021.
Reference and Administrative
Information.		 , ,...3
Structure,
Governance
and Management
.
Objects, Aims, Objectives and Activities. .6
Strategic Report.
Overview ofthe year ,.„„8
Achievements
and Performance
Fundraising
Performance
Financial Review. ..„.„,....,
Principal
Risks and Uncertainties.		 12
Plans for the Future.
.		 „.14
Statement ofAccounting
and Reporting
Responsibilities
Independent
Auditor's
Report to the Members ofQueen Margaret's		 School, York Limited ... .....16
Statement of Financial Activities for the Year Ended 31August 2021 20
Balance Sheet as at 31August 2021 21
Cash Flow Statement for the Year Ended 31August 2021.................. .........,......... ... ... ... .... 22
Notes to the Cash Flow Statement for the Year Ended 31August 2021. 23
Accounting
Policies.		 ... 24
Notes to the Financial Statements
for the Year Ended 31August 2021		 28

2021 2020
Unrestricted Designated Restricted
funds funds funds Total Total
K'000 E'000 E'000 f'000 E'000
Income from:
Charitable
activities
School fees 5,554 5,554 6,188
Ancillary
trading income		 620 620 619
CIRSgrant 533 532
Other trading activities
Non-ancillary
trading		 income
investment
income		 10 15
Donations and legacies 24 40
Totai incoming resources 6,737 10 2 6,749 7,401
Expenditure
on:
Costs ofgenerating funds
Costs ofgenerating
funds		 122 122 106
122 122 106
Charitable
activities
Education and grant making 7,523 7,523 7,593
7,523 7,523 7,593
Total expenditure 7,645 7,645 7,699
Net incoming/(outgoing) (908) 10 2 (896) (298)
resources
Transfers between
funds		 16
Fund balances at 31 August 2020 4,783 141 5,247 5,545
Fund balances at 31August 2021 16 3,875 143 4,351 5,247
Note 2021 2020
K'000 f'000
Fixed assets
Tangible assets 9,582 9,867
9,582 9,867
Current assets
Stocks
Debtors 383 251
Cash at bank and in hand 12
436 300
Creditors - amounts falling due within one year 10 (4,002) (3,608)
Net current liabilities (3,566) (3,308)
Total assets less current liabilities 6,016 6,559
Creditors —amounts falling due after more than one year 11 (1,665) (1,312)
Net assets 4,351 5,247
Restricted funds 16 143 141
Unrestricted funds 4,208 5,106
Total Funds 4,351 5,247

Nate 2021 2021 2020 2020
K'000 f'000 f'000 E'000
Net cash (outflow) from operations A (570) (242)
Cash flow from investing activities
interest received
Interest paid (119) (91)
Payment for tangible
fixed		 assets (153) (374)
Net cash used in investing activities (257) (454)
Cash flow from financing activities
Advance fees scheme:
Amounts
utilised
and repaid		 (125) (156)
Finance lease contracts:
Amounts
repaid		 (4) (5)
8ank facility (repaid) / utilised 862
Net cash used by financing activities 819 701
Change
in cash and cash equivalents
in the reporting
period		 (8)
Cash and cash equivalents at the 12
beginning
ofthe period
Cash and cash equivalents at the end 8
ofthe period

A Reconciliation ofnet income to net cash flow from ope rating
activities
2021 2020
E'000 f'000
Net outgoing
resources		 (896) (298)
Interest receivable (15)
Financing costs
Depreciation
charges		 438
(Increase) / Decrease in stocks (12)
(Increase) / Decrease in debtors (132) 137
(Decrease) in creditors (72) (584)
Net cash (outflow) from operations (570) (242)
BAnalysis ofcash and cash equivalents
2021 2020
E'000 E'000
Reco nciliation ofnet debt
At 1
September At31August
2020 Cashflow 2021
E'000 E'000 f'000
Cash in hand, at bank 12
Bank overdraft (989) 467 (1,456)
Bank loan &1year (93) (130)
Bank ioan &1year (1,186) (1,630)
(2,256) 956 (3,212)

2021 2020
Unrestricted Unrestricted
E'000 6'000
Gross fees (net ofcharge for bad debtsj 6,210 6,810
Less:total bursaries, grants and allowances (656) (622)
5,554 6,188
Scholarships,
bursaries		 and other awards were made to 69(2020: 72) pupils.
Within this means
tested bursaries
totalling E484,000were awarded		 to 28 pupils (2020:f458,000to 32 pupils),
2.
Other Income
2021 2020
Unrestricted Unrestricted
K'000 E'000
From charitable
activities
Extra subjects, trips and activities, fees in lieu and other extras 427 467
Use offacilities, registration fees and other miscellaneous 193 152
QRSgrant 533 532
1,153 1,151
Other trading activities
Lettings and other income
Investment
incomes
Transfer from unrestricted funds 12
interest receivable
15
3.
Net Outgoing		 Resources
Net outgoing resources are stated after charging:
2021 2020
K'000 E'000
Fixed assets
Depreciation 438 414
Auditors'
remuneration
For audit services 16
Operatinz
lease charities
Land and buildings
and		 motor vehicles 116 120
interest paid
Bank interest 76 50
Transfer to restricted funds 12

(ACompany
Li
4.
Staff Costs		 mited by Guarant ee)
2021 2020
E'000 E'000
The aggregate
payroll costs for the year		 were as follows:
Wages and salaries 4,143 4,188
Social security costs 377 375
Pension contributions 653
5,173 5,204
Aggregate
employee		 benefits ofkey management personnel
(including
employer		 pension and national insurance costs) 381 404
The average full time equivalent number ofemployees at the School 2021 2020
Number Number
Teaching 55 57
Welfare 54
Premises 11
Support 16
135 138
2021 2020
Number Number
E90,001 - E100,000
E80,001 - E90,000
E70,001 - E80,000
E60,001 - E70,000

2021
Staff Other Depreciation Total
f'000 f'000 f'000 f'000
Charitable activities
Teaching 2,871 94 92 3,057
Welfare 1,442 372 1,814
Premises 791 346 1,4G1
Support costs and governance 596 655 1,251
Grants, awards and prizes
5,173 1,912 438 7,523
Costs ofgenerating funds
Financing costs —interest 119 119
payable
Development costs
Total expended 5,173 2,034 438 7,645
2020
Staff Other Depreciation Total
f'000 f'000 f'000 f'GOO
Charitable activities
Teaching 2,877 125 69 3,071
Welfare 1,380 1,730
Premises 321 879 345 1,545
Support costs and governance 624 623 1,247
Grants, awards and prizes
Costs ofgenerating funds 5,202 1,977 414 7,593
Financing costs —interest
payable
Development costs
Total expended 5,202 2,083 414 7,699

Gov ernance
Cos		 ts included
in Su		 pport C osts:
2021 2020
f'000 f'000
Auditors' remuneration -audit services 16
Legal and professional fees, Governors' training and expenses 25
16

Tangible Fixed Assets
Plant,
Fixtures equipment
Freehold and and motor
buildings IT fittings vehicles Total
f'000 f'000 f'000 f'000 f'000
Cost orfrozen' valuation
1September 2020 13,685 836 5,704 360 20,585
Additions 102 10
31August 2021 13,787 846 5,742 363 20,738
Depreciation
1September 2020 4,953 508 5,037 220 10,718
Charge forthe year 183 92 129 438
31August 2021 5,136 600 5,166 254 11,156
Net book values
31August 2021 8,651 246 576 109 9,582
31August 2020 8,732 328 667 140 9,867

(A Company
L
9.
Debtors		 imited by Guarantee)
2021 2020
K'000 E'000
School fees and extras 228 125
Other debtors 10
Prepayments 116
383 251
10.
Creditors:		 amounts falling due within one year
2021 2020
COOO f'000
Fees received
in		 advance 985 906
Trade creditors 247 354
Taxation and social security 278 189
Final term deposits 615 817
Accruals 94 121
Other creditors 162 66
Finance lease (note 15)
Bank overdraft facility (note 12) 1,456
Bank loan (note 12) 130 93
Deferred Income —advance fees scheme
(note 13)
4,002 3,608
11.
Creditors: amounts		 falling due after more than one year
2021 2020
E'000 f'000
Bank loans (note 12) 1,631 1,187
Deferred Income —advance fees scheme (note 13) 125
1,665 1,312

ueen Margaret's
school, York Limited
Company
limited by Guarantee)
2.
Bank loans and Overdraft
e bank loans are due to be repaid as follows:
2021 2020
f'000 E'000
Within 1year (note 10) 130 93
Within 1to 5years 523 375
Over 5years 1,109 812
1,762 1,280

2021 2020
f'000 E'000
Within 1year (note 10)
Between 1ancl 5years (note 11) 125
194
2021 2020
K'000 E'000
Balance at 1September 2020 194 3SO
New contracts
Payment offees to the School (125) (156)
Balance at31August 2021 69 194

2021 2020
f.'000 f'000
Financial assets measured at arnortised cost (a) 243 146
Financial assets measured at fair value
Financial liabilities measured at amortised cost (b) (4,611) (3,818)
Net financial assets measured at amortised cost (4,368) (3,672)

ng
leases for land and buildings
and motor vehicl		 es which expire as follows:
2021 2020
E'000 E'000
Within one year 108 114
Within two to five years 184 173
After five years
318 289

as folio ws.
2021 2020
f'000 E.'000
Within one year
Within two to five years

16.
Statem		 e nt of Funds
Balance at Balance at
31August Incoming Resources Gains, Losses 31August
2020 Resources Expended and Transfers 2021
E'000 f'000 K'000 f'000 f'000
Restricted funds
Bursary Funds 123 125
Other restricted funds 18
Total restricted funds 141
Unrestricted funds
General:
Accumulation fund 4,783 6,737 7,645 3,875
Designated:
Janet Churm Bursary Fund 323 10
Total unrestricted funds 5,106 6,747 7,645 4,208
Total funds 5,247 6,749 7,645 4,351
Balance at Balance at
31August Incoming Resources Gains, Losses 31August
2019 Resources Expended and Transfers 2020
K'000 f'000 E'000 E'000 E'000
Restricted funds
Bursary Funds 121 123
Other restricted funds 18
Total restricted funds 134 141
Unrestricted funds
General:
Accumulation fund 5,097 7,385 (7,699) 4,783
Designated:
Janet Churm Bursary Fund 314 323
Total unrestricted funds 5,411 7,394 (7,699) 5,106
Total funds 5,545 7,401 (7,699) 5,247

e net assets are held for th e various funds as foll ows:
Net current Long term Total
Fixed assets assets/(liabilities) liabilities 2021
f'000 E'000 f'000 f'000
Restricted funds 143 143
Unrestricted funds 9,582 (3,709) (1,665) 4,208
9,582 (3,566) (1,665) 4,351
Net current Long term Total
Fixed assets assets/(liabilities) liabilities 2020
f'000 K'000 E'000 E'000
Restricted funds 141 141
Unrestricted funds 9,867 (3,449) (1,312) 5,106
9,867 (3,308) (1,312) 5,247

2020
Unrestricted Designated Restricted
funds funds funds Total
f'000 f'000 f'000 f'000
Income from:
Charitable activities
School fees 6,188 6,188
Ancillary
trading
income		 619 619
CjRS grant 532 532
Other trading activities
Non-ancillary
trading income
investment
income
Donations and legacies 40
Total incoming resources 7,385 7 7,401
Expenditure
on:
Costs ofgenerating funds
Costs ofgenerating funds 106 106
106 106
Charitable activities
Education
and grant		 making 7,593 7,593
7,593 7,593
Total expenditure 7,699 7,699
Net incoming/(outgoing)
resources		 (314) 7 (298)
Transfers between
funds
Fund balances at 31August 2019 5,097 314 134 5,545
Fund balances at $1August 2020 16 4,783 323 141 5,247