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||`Page`|
|---|---|
|`Reference and administrative details of the School, its Trustees and advisers`|`1`|
|`Trustees’ report`|`2-9`|
|`Independent auditor's report on the financial statements`|`10-13`|
|`Consolidated statementof financial activities`|`14-15`|
|`Consolidated balance sheet`|`16-17`|
|`School balance sheet`|`18-19`|
|`Consolidated statement of cash flows`|`20`|
|`Notes to the financial statements`|`21-49`|
##
##
|`Trustees`|`Mr A J Furniss`|
|---|---|
||`Mr R S Sherrey`|
||`Mr M T Boobbyer`|
||`Mr P D Morris`|
||`Dr A Paterson`|
||`Mr A D Miles`|
||`Mrs D J Marten`|
||`Revd M Kneen`|
||`Mr G S F Bell (appointed 9 June 2020)`|
|`Companyregistered`||
|`number`|`02059659 (England and Wales)`|
|`Charity registered`||
|`number`|`518076`|
|`Companysecretary`|`Mr K P Thorne(resigned 31 August 2020)`|
||`Mrs D J Marten (appointed 1 November 2020)`|
|`Head Teacher`|`Mrs G Thorne(until 31 August 2020)`|
||`Mr J H Goode (Acting Head Teacher from 1 September 2020)`|
||`Mrs E Niblett (Acting Head Teacher from 1 September 2020)`|
|`Independentauditor`|`Crowe U.K. LLP`|
||`Fourth Floor`|
||`St James House`|
||`St James Square`|
||`Cheltenham`|
||`Gloucestershire`|
||`GL50 3PR`|
|`Bankers`|`Lloyds TSB Bank PLC`|
||`Ariel House`|
||`2138 Coventry Road`|
||`Sheldon`|
||`B26 3JW`|
|`Solicitors`|`Harrison Clark Rickerbys Solicitors`|
||`Thorpe House`|
||`29 Broad Street`|
||`Hereford`|
||`HR4 9AR`|
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||||||`As restated`|
|---|---|---|---|---|---|
|||`Unrestricted`|`Restricted`|`Total`|`Total`|
|||`funds`|`funds`|`funds`|`funds`|
|||`2020`|`2020`|`2020`|`2019`|
||`Note`|`£`|`£`|`£`|`£`|
|`Income from:`||||||
|`Donations`|`4`|`474,507`|`7,550`|`482,057`|`143,946`|
|`Charitable activities:`|`5,6`|||||
|`Fees`||`3,638,584`|`-`|`3,638,584`|`3,817,208`|
|`Other educational income`||`423,778`|`-`|`423,778`|`547,705`|
|`Othertrading activities`|`8`|`114,535`|`-`|`114,535`|`132,662`|
|`Investments`|`7`|`39,105`|`-`|`39,105`|`51,458`|
|`Total income`||
`4,690,509`|
`7,550`|
`4,698,059`|
`4,692,979`|
|`Expenditure on:`||||||
|`Raising funds`||`82,908`|`-`|`82,908`|`106,986`|
|`Charitable activities`|`9`|`4,700,081`|`150`|`4,700,231`|`4,738,673`|
|`Total expenditure`||
`4,782,989`|
`150`|
`4,783,139`|
`4,845,659`|
|`Net (expenditure)/income before`||
`(92,480)`|
`7,400`|
`(85,080)`|
`(152,680)`|
|`taxation`||||||
|`Taxation`|`15`|
`(7,200)`|
`-`|
`(7,200)`|
`-`|
|`Net (expenditure)/income after`
`taxation`||
`(99,680)`|
`7,400`|
`(92,280)`|
`(152,680)`|
|`Transfers between funds`|`23`|
`13,783`|
`(13,783)`|
`.`|
`-`|
|`Net movementin funds before other`
`recognised (losses)`||
`(85,897)`|
`(6,383)`|
`(92,280)`|
`(152,680)`|
|`Other recognised (losses):`||||||
|`Losses on revaluation of fixed assets`||`-`|`-`|`.`|`(372,956)`|
|`Net movementin funds`||
`(85,897)`|
`(6,383)`|
`(92,280)`|
`(525,636)`|
|`Reconciliation of funds:`||||||
|`Total funds brought forward`|`23`|`345,764`|`44,586`|`390,350`|`915,986`|
|`Net movementin funds`||`(85,897)`|`(6,383)`|`(92,280)`|`(525,636)`|
|`Total funds carried forward`|`23`|
`259,867`
|
`38,203`
|
`298,070`
|
`390,350`
|
||||||
`Page 14`|
#
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|||||`2020`||`2019`|
|---|---|---|---|---|---|---|
|||`Note`||`£`||`£`|
|`Fixed assets`|||||||
|`Intangible assets`||`16`||`25,921`||`31,465`|
|`Tangible assets`||`17`||`3,704,390`||`3,778,259`|
|`Investments`||`18`||`70`||`70`|
|||||`3,730,381`||`3,809, 794`|
|`Current assets`|||||||
|`Stocks`||`19`|`27,786`||`46,122`||
|`Debtors`||`20`|`285,009`||`279,344`||
|`Cash at bank and in hand`|||`1,258`||`7,058`||
||||`314,053`||`332,524`||
|`Creditors: amountsfalling`|`due within one`||||||
|`year`||`21`|`(3,020,373)`||`(1,789,878)`||
|`Net currentliabilities`||||`(2,706,320)`||`(1,457,354)`|
|`Total assets less currentliabilities`||||`1,024,061`||`2,352,440`|
|`Creditors: amounts falling`|`due after more`||||||
|`than one year`||`22`||`(725,991)`||`(1,962,090)`|
|`Total net assets`||||`298,070`||`390,350`|
|`Charity funds`|||||||
|`Restricted funds`||`23`||`38,203`||`44,586`|
|`Unrestricted funds`|||||||
|`Generalfunds`||`23`|`(184,431)`||`(124,775)`||
|`Revaluation reserve`||`23`|`444,298`||`470,539`||
|`Total unrestricted funds`||`23`||`259,867`||`345, 764`|
|`Total funds`||||`298,070`||`390,350`|
##
|||`Note`||`2020`
`£`||`2019`
`£`|
|---|---|---|---|---|---|---|
|`Fixed assets`|||||||
|`Tangible assets`||`17`||`3,528,263`||`3,601,259`|
|`Investments`||`18`||`172,117`||`234,088`|
|||||`3,700,380`||`3,835,347`|
|`Current assets`|||||||
|`Stocks`||`19`|`27,786`||`46,122`||
|`Debtors`||`20`|`256,074`||`290,623`||
|`Cash at bank and in hand`|||`1,243`||`7,043`||
||||`285,103`||`343,788`||
|`Creditors: amountsfalling`
`year`|`due within one`|`21`|`(3,009,933)`||`(1,788,808)`||
|`Net currentliabilities`||||`(2,724,830)`||`(1,445,020)`|
|`Total assets less currentliabilities`||||`975,550`||`2,390,327`|
|`Creditors: amountsfalling`
`than one year`|`due after more`|`22`||`(725,991)`||`(1,962,090)`|
|`Total net assets`||||`249,559`||`428,237`|
|`Charity funds`|||||||
|`Restricted funds`||`23`||`38,203`||`44,586`|
|`Unrestricted funds`|||||||
|`General funds`||`23`|`(251,573)`||`(104,646)`||
|`Revaluation Reserve`||`23`|`462,929`||`488,297`||
|`Total unrestricted funds`||`23`||`211,356`||`383,651`|
|`Total funds`||||`249,559`||`428,237`|
##
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|||`2020`|`2019`|
|---|---|---|---|
||`Note`|||
|`Cashflows from operating activities`||||
|`Net cash (provided by)/ used in operating activities`|`25`|`(18,187)`|`135,527`|
|`Cashflows from investing activities`||||
|`Dividends,interests and rents from investments`||`39,105`|`28`|
|`Proceedsfrom the sale of tangible fixed assets`||`1,700`||
|`Purchase of tangible fixed assets`||`(48,001)`|`(145,836)`|
|`Proceedsfrom sale of investments`|||`3,556`|
|`Financing costs`||`(45,437)`|`(57,023)`|
|`Interest element of HP payments`||`(14,402)`|`(21,776)`|
|`Net cash usedin investing activities`||`(67,035)`|`(221,051)`|
|`Cash flows from financing activities`||||
|`Cashinflows from new borrowing`||`50,000`|`148,253`|
|`Repayments of borrowing`||`(30,584)`|`(40,000)`|
|`Repaymentsof finance leases`||`(44,882)`|`(44,407)`|
|`Net cash (used in)/provided by financing activities`||`(25,466)`|`63,846`|
|`Changein cash and cash equivalents in the year`||`(110,688)`|`(21,678)`|
|`Cash and cash equivalents at the beginning of the year`||`(57,472)`|`(35,794)`|
|`Cash and cash equivalents at the end of the year`|`26`|`(168,160)`|`(57,472)`|
|`The notes on pages 21 to 49 form part of these financial statements`||||
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||`Unrestricted`|`Restricted`|`Total`|`Total`|
|---|---|---|---|---|
||`funds`|`funds`|`funds`|`funds`|
||`2020`|`2020`|`2020`|`2019`|
||`£`|`£`|`£`|`£`|
|`Governmentgrants`|||||
|`Nursery Early Years Funding`|`90,581`|`-`|`90,581`|`91,513`|
|`Small Business Grant`|`10,000`|`-`|`10,000`|`-`|
|`Coronavirus Job Retention Scheme`|`323,788`|`-`|`323,788`|`-`|
||
`424,369`|
`-`|
`424,369`|
`91,513`|
|`Donations`|
`50,138`|
`7,550`|
`57,688`|
`52,433`|
||
`474,507`|
`7,550`|
`482,057`|
`143,946`|
|`Total 2019`|
`143,946`|
`-`|
`143,946`||
##
##
##
##
||`2020`|`2019`|
|---|---|---|
||`£`|`£`|
|`Music, dance and drama`|`55,324`|`79,137`|
|`School outings and clubs`|`§2,233`|`161,463`|
|`Examinations and extra lessons`|`72,923`|`92,787`|
|`Horseriding and stable fees`|`42,297`|`36,869`|
|`Transport`|`85,611`|`104,425`|
|`Uniforms`|`34,952`|`31,477`|
|`Other income`|`80,438`|`41,547`|
||`423,778`|`547,705`|
##
##
##
||`Unrestricted`|`Total`|`Total`|
|---|---|---|---|
||`funds`|`funds`|`funds`|
||`2020`|`2020`|`2019`|
||`£`|`£`|`£`|
|`Rental income`|`38,170`|`38,170`|`51,430`|
|`Interest receivable`|`935`|`935`|`28`|
||
`39,105`|
`39,105`|
`51,458`|
|`Total 2019`|`51,458`|`51,458`||
##
||||`As restated`|
|---|---|---|---|
||`Unrestricted`|`Total`|`Total`|
||`funds`|`funds`|`funds`|
||`2020`|`2020`|`2019`|
||`£`|`£`|`£`|
|`Biomass income`|`41,889`|`41,889`|`37,198`|
|`Trading income - Lucton International Schools Limited`|`72,646`|`72,646`|`95,464`|
||
`114,535`|
`114,535`|
`132662`|
|`Total 2019 as restated`|`132,662`|`132,662`||
##
|||||`As restated`|
|---|---|---|---|---|
||`Unrestricted`|`Restricted`|`Total`|`Total`|
||`funds`|`funds`|`funds`|`funds`|
||`2020`|`2020`|`2020`|`2019`|
||`£`|`£`|`£`|`£`|
|`Teaching`|`2,606,799`|`-`|`2,606,799`|`2,664,257`|
|`Welfare`|`397,436`|`-`|`397,436`|`405,379`|
|`Premises`|`633,033`|`150`|`633,183`|`583,857`|
|`Support`|`1,062,813`|`-`|`1,062,813`|`1,085, 180`|
||
`4,700,081`|
`150`|
`4,700,231`|
`4,738,673`|
|`Total 2019 as restated`|
`4,737,907`|
`766`|
`4,738,673`||
##
##
##
|||||||`As restated`|
|---|---|---|---|---|---|---|
||||||`Total`|`Total`|
||`Teaching`|`Welfare`|`Premises`|`Support`|`funds`|`funds`|
||`2020`|`2020`|`2020`|`2020`|`2020`|`2019`|
||`£`|`£`|`£`|`£`|`£`|`£`|
|`Staff costs`|`2,391,325`|`27,504`|`279,923`|`440,281`|`3,139,033`|`3,039, 846`|
|`Depreciation`|`-`|`26,747`|`92,777`|`-`|`119,524`|`97,010`|
|`Other costs`|`215,474`|`343,185`|`260,483`|`622,532`|`1,441,674`|`1,601,817`|
||
`2,606,799`|
`397,436`|
`633,183`|
`1,062,813`|
`4,700,231`|
`4,738,673`|
|`Total 2019 as`
`restated`|
`2,664,257`|
`405,379`|
`583,857`|
`1,085, 180`|
`4,738,673`||
||`2020`|`2019`|
|---|---|---|
|`Audit fees`|`22,877`|`8,650`|
|`Accountancy`|`2,400`|`2,950`|
|`Legal and professional`|`10,979`|`36,812`|
|`Trustees’ expenses`|`1,242`|`2,148`|
||`37,498`|`50,560`|
##
##
##
##
||`2020`|`2019`|
|---|---|---|
||`£`|`£`|
|`Fees payable to the School's auditor for the audit of the School's annual`|||
|`accounts`|`14,145`|`7,208`|
|`Fees payable to the School's auditor in respectof:`|||
|`All non-audit services not included above`|`3,500`|`2,458`|
##
||`Group`|`Group`|`Company`|`Company`|
|---|---|---|---|---|
||`2020`|`2019`|`2020`|`2019`|
||`£`|`£`|`£`|`£`|
|`Wagesand salaries`|`2,541,390`|`2,518,174`|`2,541,390`|`2,518,174`|
|`Social security costs`|`218,391`|`217,229`|`218,391`|`217,229`|
|`Contribution to defined contribution pension`|||||
|`schemes`|`379,252`|`304,443`|`379,252`|`304,443`|
||
`3,139,033`|
`3,039,846`|
`3,139,033`|
`3,039,846`|
||`Group`|`Group`|
|---|---|---|
||`2020`|`2019`|
||`No.`|`No.`|
|`Teaching`|`56`|`53`|
|`Support and ancillary`|`56`|`56`|
||`112`|`109`|
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##
##
|||||`Group`|`Group`|
|---|---|---|---|---|---|
|||||`2020`|`2019`|
|||||`No.`|`No.`|
|`In `|`the `|`band `|`£80,001 - £90,000`|`-`|`1`|
|`In `|`the `|`band `|`£90,001 - £100,000`|`1`|`-`|
|`In `|`the `|`band `|`£120,001 - £130,000`|`1`|`1`|
##
##
||`2020`|`2019`|
|---|---|---|
||`£`|`£`|
|`Corporation tax`|||
|`Current tax on net (expenditure)/income for the year`|`7,200`|`-`|
|`Taxation on net (expenditure)/income`|`7,200`|`-`|
||`2020`|`2019`|
|---|---|---|
||`£`|`£`|
|`Net (expenditure)/income before tax`|`(85,080)`|`(152,680)`|
|`Net (expenditure)/income multiplied by the standard rate of corporation tax`|||
|`in the UK of 19 (2079 - 19%).`|`(16,165)`|`(29,009)`|
|`Effects of:`|||
|`Distribution to parent charity`|`-`|`(246)`|
|`Charitable activities not subject to taxation`|`23,365`|`29,255`|
|`Total tax charge for the year`|`7,200`|`-`|
##
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##
|`16.`|`Intangible assets`||
|---|---|---|
||`Group`||
|||`Goodwill`|
|||`£`|
||`Cost`||
||`At 1 September 2019`|`52,441`|
||`At 31 August 2020`|`52,441`|
||`Amortisation`||
||`At 1 September 2019`|`20,976`|
||`Chargefor the year`|`5,544`|
||`At 31 August 2020`|`26,520`|
||`Net book value`||
||`At 31 August 2020`|`25,921`|
||`At 31 August 2019`|`31,465`|
##
##
##
||`Freehold`|`Plant and`|`Motor`|`Fixtures and`||
|---|---|---|---|---|---|
||`property`|`machinery`|`vehicles`|`fittings`|`Total`|
||`£`|`£`|`£`|`£`|`£`|
|`Cost or valuation`||||||
|`At 1 September 2019`|`3,009,493`|`416,210`|`401,710`|`1,061,504`|`4,888,917`|
|`Additions`|`9,044`|`-`|`15,594`|`23,363`|`48,001`|
|`Disposals`|`-`|`-`|`(19,440)`|`-`|`(19,440)`|
|`At 31 August 2020`|
`3,018,537`|
`416,210`|
`397,864`|
`1,084,867`|
`4,917,478`|
|`Depreciation`||||||
|`At 1 September 2019`|`-`|`31,061`|`290,001`|`789,596`|`1,110,658`|
|`Charge for the year`|`26,241`|`14,567`|`26,747`|`52,842`|`120,397`|
|`Ondisposals`|`-`|`-`|`(17,967)`|`-`|`(17,967)`|
|`At 31 August 2020`|
`26,241`|
`45,628`|
`298,781`|
`842,438`|
`1,213,088`|
|`Net book value`||||||
|`At 31 August 2020`|
`2,992,296`|
`370,582`|
`99,083`|
`242,429`|
`3,704,390`|
|`At 31 August 2019`|
`3,009, 493`
|
`385, 149`
|
`111,709`
|
`271,908`
|
`3,778,259`
|
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##
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||`Freehold`|`Plant and`|`Motor`|`Fixtures and`||
|---|---|---|---|---|---|
||`property`|`machinery`|`vehicles`|`fittings`|`Total`|
||`£`|`£`|`£`|`£`|`£`|
|`Cost or valuation`||||||
|`At 1 September 2019`|`2,832,493`|`416,210`|`401,710`|`1,061,504`|`4,711,917`|
|`Additions`|`9,044`|`-`|`15,594`|`23,363`|`48,001`|
|`Disposals`|`-`|`-`|`(19,440)`|`-`|`(19,440)`|
|`At 31 August 2020`|
`2,841,537`|
`416,210`|
`397,864`|
`1,084,867`|
`4,740,478`|
|`Depreciation`||||||
|`At 1 September 2019`|`-`|`31,061`|`290,001`|`789,596`|`1,110,658`|
|`Chargefor the year`|`25,368`|`14,567`|`26,747`|`§2,842`|`119,524`|
|`On disposals`|`-`|`-`|`(17,967)`|`-`|`(17,967)`|
|`At 31 August 2020`|
`25,368`|
`45,628`|
`298,781`|
`842,438`|
`1,212,215`|
|`Net book value`||||||
|`At 31 August 2020`|
`2,816,169`|
`370,582`|
`99,083`|
`242,429`|
`3,528,263`|
|`At 31 August 2019`|
`2,832,493`
|
`385, 149`
|
`111,709`
|
`271,908`
|
`3,601,259`
|
##
##
##
||`Investments`|
|---|---|
||`in`|
||`subsidiary`|
||`companies`|
|`Group`|`£`|
|`Cost or valuation`||
|`At 1 September 2019`|`70`|
|`At 31 August 2020`|`70`|
|`Net book value`||
|`At 31 August 2020`|`70`|
|`At 31 August 2019`|`70`|
||`Investments`|
|---|---|
||`in`|
||`subsidiary`|
|`School`|`companies`
`£`|
|`Costor valuation`||
|`At 1 September 2019`|`234,088`|
|`At 31 August 2020`|`234,088`|
|`impairment`||
|`Charge for the year`|`61,971`|
|`At 31 August 2020`|`61,971`|
|`Net book value`||
|`At 31 August 2020`|`172,117`|
|`At 31August 2019`|`234,088`|
##
##
##
##
||`Names`|`Income`|`Expenditure`
`Profit/(Loss)`|`Expenditure`
`Profit/(Loss)`|`Expenditure`
`Profit/(Loss)`|`Net assets`|
|---|---|---|---|---|---|---|
|||`£`||`£`|`! for the`|`£`|
||||||`year`||
||||||`£`||
||`Lucton School Limited`|`-`||`873`|`(873)`|`172,114`|
||`Lucton International Schools Limited`|`72,646`||`41,802`|`30,844`|`31,138`|
|`19.`|`Stocks`||||||
|||`Group`||`Group`|`Company`|`Company`|
||||`2020`|`2019`|`2020`|`2019`|
||||`£`|`£`|`£`|`£`|
||`School uniforms`|`27,786`||`46,122`|`27,786`|`46,122`|
|`20.`|`Debtors`||||||
|||`Group`||`Group`|`Company`|`Company`|
||||`2020`|`2019`|`2020`|`2019`|
||||`£`|`£`|`£`|`£`|
||`Trade debtors`|`131,396`||`167,628`|`84,353`|`112,188`|
||`Amounts owed by group undertakings`||`-`|`-`|`18,108`|`66,719`|
||`Other debtors`|`42,714`||`34,874`|`42,714`|`34,874`|
||`Prepayments and accrued income`|`110,899`||`76,842`|`110,899`|`76,842`|
|||
`285,009`||
`279,344`|
`256,074`|
`290,623`|
##
##
##
||`Group`|`Group`|`Company`|`Company`|
|---|---|---|---|---|
||`2020`|`2019`|`2020`|`2019`|
||`£`|`£`|`£`|`£`|
|`Bankoverdrafts`|`169,418`|`64,530`|`169,418`|`64,530`|
|`Bankloans`|`1,155,452`|`41,025`|`1,155,452`|`41,025`|
|`Fee deposits`|`104,125`|`69,255`|`104,125`|`69,255`|
|`Trade creditors`|`191,496`|`172,244`|`191,496`|`172,244`|
|`Fees in advance`|`572,528`|`82, 164`|`572,528`|`82, 164`|
|`Corporation tax`|`7,200`|`-`|`-`|`-`|
|`Other taxation and social security`|`293,336`|`56,490`|`293,336`|`56,490`|
|`Obligations underfinance lease and hire`|||||
|`purchasecontracts`|`51,912`|`57,137`|`51,912`|`57,137`|
|`Othercreditors`|`442,979`|`1,234,083`|`442,979`|`1,234,083`|
|`Accruals`|`31,927`|`12,950`|`28,687`|`11,880`|
||
`3,020,373`|
`1,789, 878`|
`3,009,933`|
`1,788, 808`|
||`Group`|`Group`|`Company`|`Company`|
||`2020`|`2019`|`2020`|`2019`|
||`£`|`£`|`£`|`£`|
|`Deferred income at 1 September 2019`|`82,164`|`80,628`|`82,164`|`80,628`|
|`Resources deferred during the year`|`577,528`|`82, 164`|`-`|`82,164`|
|`Amounts released from previous periods`|`(82,164)`|`(80,628)`|`(82,164)`|`(80,628)`|
||
`577,528`|
`82,164`|
`-`|
`82,164`|
##
##
##
##
||`Group`|`Group`|`Company`|`Company`|
|---|---|---|---|---|
||`2020`|`2019`|`2020`|`2019`|
||`£`|`£`|`£`|`£`|
|`Bank loans`|`46,667`|`1,141,678`|`46,667`|`1,141,678`|
|`Fee deposits`|`292,930`|`409, 140`|`292,930`|`409,140`|
|`Net obligations underfinance lease and hire`|||||
|`purchasecontracts`|`246,567`|`286,224`|`246,567`|`286,224`|
|`Tradecreditors`|`-`|`1,865`|`-`|`1,865`|
|`Feesin advance`|`5,000`|`-`|`5,000`|`-`|
|`Othercreditors`|`134,827`|`123,183`|`134,827`|`123,183`|
||
`725,991`|
`1,962,090`|
`725,991`|
`1,962,090`|
|`Included within the above are amountsfalling due as follows:`|||||
||`Group`|`Group`|`Company`|`Company`|
||`2020`|`2019`|`2020`|`2019`|
||`£`|`£`|`£`|`£`|
|`Between one and two years`|||||
|`Bank loans`|`10,000`|`42,612`|`10,000`|`42,612`|
|`Between twoand five years`|||||
|`Bank loans`|`30,000`|`132,843`|`30,000`|`132,843`|
|`Overfive years`|||||
|`Bankloans`|`6,667`|`966,223`|`6,667`|`966, 223`|
##
##
##
||`Balanceat1`|||||`Balanceat`|
|---|---|---|---|---|---|---|
||`September`||||`Transfers`|`31 August`|
||`2019`|`income`|`Expenditure`|`Taxation`|`in/out`|`2020`|
||`£`|`£`|`£`|`£`|`£`|`£`|
|`Unrestricted`|||||||
|`funds`|||||||
|`General Fund`|`(124,775)`|`4,690,509`|`(4,756,748)`|`(7,200)`|`13,783`|`(184,431)`|
|`Revaluation`|||||||
|`reserve`|`470,539`|`-`|`(26,241)`|`-`|`-`|`444,298`|
||
`345,764`|
`4,690,509`|
`(4,782,989)`|
`(7,200)`|
`13,783`|
`259,867`|
|`Restricted`|||||||
|`funds`|||||||
|`Portrait of the`|||||||
|`founder donated`|||||||
|`to the school`|`11,077`|`-`|`-`|`-`|`-`|`11,077`|
|`Sports hall`|||||||
|`project`|`25,626`|`-`|`-`|`-`|`-`|`25,626`|
|`Shop`|`1,841`|`-`|`-`|`-`|`(1,841)`|`-`|
|`Classroom`|`3,742`|`-`|`-`|`-`|`(3,742)`|`-`|
|`Storage unit`|`398`|`-`|`-`|`.`|`(398)`|`-`|
|`Dining room`|||||||
|`folding doors`|`1,902`|`-`|`-`|`-`|`(1,902)`|`-`|
|`Anti-slip covering`|`-`|`150`|`(150)`|`-`|`-`|`:`|
|`Prep School new`|||||||
|`staging`|`.`|`4,000`|`-`|`-`|`(4,000)`|`-`|
|`Nursery pirate`|||||||
|`ship`|`-`|`1,900`|`-`|`-`|`(1,900)`|`-`|
|`Outside play`|||||||
|`equipment`|`-`|`1,500`|`-`|`-`|`-`|`1,500`|
||
`44,586`|
`7,550`|
`(150)`|
`-`|
`(13,783)`|
`38,203`|
|`Total! of funds`|`390,350`|`4,698,059`|`(4,783,139)`|`(7,200)`|`-`|`298,070`|
##
##
##
##
||`Balance at`||||`Balance at`|
|---|---|---|---|---|---|
||`1 September`|||`Gains/`|`31 August`|
||`2018`|`Income`|`Expenditure`|`(Losses)`|`2019`|
||`£`|`£`|`£`|`£`|`£`|
|`Unrestricted funds`||||||
|`General Fund`|
`866,710`|
`4,692,979`|
`(4,844,893)`|
`(369,032)`|
`345,764`|
|`Restricted funds`||||||
|`Portrait of the founder donated`||||||
|`to the school`|`11,077`|`-`|`-`|`-`|`11,077`|
|`Sports hall project`|`28,849`|`-`|`-`|`(3,223)`|`25,626`|
|`Shop`|`2,072`|`-`|`-`|`(231)`|`1,841`|
|`Classroom`|`4,212`|`-`|`-`|`(470)`|`3,742`|
|`Storage unit`|`530`|`-`|`(132)`|`-`|`398`|
|`Dining room folding doors`|`2,536`|`-`|`(634)`|`-`|`1,902`|
||
`49,276`|
`-`|
`(766)`|
`(3,924)`|
`44,586`|
|`Total of funds`|`915,986`|`4,692,979`|`(4,845,659)`|`(372,956)`|`390,350`|
#
##
##
##
##
##
##
||`Unrestricted`|`Restricted`|`Total`|
|---|---|---|---|
||`funds`|`funds`|`funds`|
||`2020`|`2020`|`2020`|
||`£`|`£`|`£`|
|`Tangible fixed assets`|`3,704,390`|`-`|`3,704,390`|
|`Intangible fixed assets`|`25,921`|`-`|`25,921`|
|`Fixed asset investments`|`70`|`-`|`70`|
|`Current assets`|`275,850`|`38,203`|`314,053`|
|`Creditors due within one year`|`(3,020,373)`|`-`|`(3,020,373)`|
|`Creditors due in more than one year`|`(725,991)`|`-`|`(725,991)`|
|`Total`|
`259,867`|
`38,203`|
`298,070`|
##
||`Unrestricted`|`Restricted`|`Total`|
|---|---|---|---|
||`funds`|`funds`|`funds`|
||`2019`|`2019`|`2019`|
||`£`|`£`|`£`|
|`Tangible fixed assets`|`3,733,673`|`44,586`|`3,778,259`|
|`Intangible fixed assets`|`31,465`|`-`|`31,465`|
|`Fixed asset investments`|`70`|`-`|`70`|
|`Current assets`|`332,524`|`-`|`332,524`|
|`Creditors due within one year`|`(1,789,878)`|`-`|`(1,789,878)`|
|`Creditors due in more than one year`|`(1,962,090)`|`-`|`(1,962,090)`|
||
`345,764`|
`44,586`|
`390,350`|
##
##
##
||`Group`|`Group`|
|---|---|---|
||`2020`|`2019`|
||`£`|`£`|
|`Net expenditure for the period (as per Statement of Financial Activities)`|`(92,280)`|`(152,680)`|
|`Adjustmentsfor:`|||
|`Depreciation charges`|`120,397`|`97,883`|
|`Amortisation charges`|`5,544`|`5,244`|
|`Dividends, interests and rents from investments`
`(Profit) on the sale of fixed assets`|`(39,105)`
`(227)`|`(28)`|
|`Decrease/(increase) in stocks`|`18,336`|`(10,072)`|
|`(Increase) in debtors`|`(5,665)`|`(95,089)`|
|`(Decrease)/increasein creditors`|`(85,026)`|`211,470`|
|`Financing costs`|`45,437`|`57,023`|
|`Interest element of HP and finance lease payments`|`14,402`|`21,776`|
|`Net cash provided by/(usedin) operating activities`|`(18,187)`|`135,527`|
##
||`Group`|`Group`|
|---|---|---|
||`2020`|`2019`|
||`£`|`£`|
|`Cashin hand`|`1,258`|`7,058`|
|`Overdraft facility repayable on demand`|`(169,418)`|`(64,530)`|
|`Total cash and cash equivalents`|`(168,160)`|`(57,472)`|
##
##
##
||`Att`|||
|---|---|---|---|
||`September`||`At 31`|
||`2019`|`Cash flows `|`August 2020`|
||`£`|`£`|`£`|
|`Cash at bank and in hand`|`7,058`|`(5,800)`|`1,258`|
|`Bank overdrafts repayable on demand`|`(64,530)`|`(104,888)`|`(169,418)`|
|`Debt due within 1 year`|`(123,189)`|`(1,604,791)`|`(1,727,980)`|
|`Debt due after 1 year`|`(1,141,678)`|`1,090,011`|`(51,667)`|
|`Finance leases`|`(343,361)`|`44,882`|`(298,479)`|
||
`(1,665,700)`|
`(580,586)`|
`(2,246,286)`|
##
#
##
##
##
|`Thefinancial assumptions underlying the last `|`valuation as at 30 September 2014 were asfollows:`|`valuation as at 30 September 2014 were asfollows:`|
|---|---|---|
||`% `|`p.a`|
|`Investmentreturn pre-retirement`||`5.1`|
|`Investment return post retirement - non-pensioner`||`3.3`|
|`Investment return post retirement - pensioner`||`3.3`|
|`Rate of pension increases`|||
|`RPI`||`3.1`|
|`CPI`||`2.2`|
##
##
##
##
||`Group`|`Group`|`Company`|`Company`|
|---|---|---|---|---|
||`2020`|`2019`|`2020`|`2019`|
||`£`|`£`|`£`|`£`|
|`Notlater than 1 year`|`38,162`|`28,291`|`38,162`|`28,291`|
|`Later than 1 year and notlater than 5 years`|`35,644`|`48,343`|`35,644`|`48,343`|
||
`73,806`|
`76,634`|
`73,806`|
`76,634`|
##