2020-08-31-accounts

			Page
Chairman's	statement		1-3
Trustees report			4-8
Statement	oftrustees	responsibilities
Independent	auditor's	report	10-12
Statement	offinancial	activities	13
Balance sheet			14
Statement	ofcash flows		15
Notes to the financial		statements	16-33

				Unrestricted	Endowment	Total	Unrestricted	Endowment	Total
				funds	funds		funds	funds
				2020	2020	2020	2019	2019	2019
		Notes			f	8	f	8
			I'
Donations and legacies			3	214,347		214,347	333,643		333,643
Charitable activities			4	192,782		192,782	287,221		287,221
Investments			5	11,431		11,431	12,935		12,935
Other income			6	2,610		2,610	2,083		2,083
Total income				421,170		421,170	635,882		635,882
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Raising funds				72		72	885		885
Chaditable activities			8	460,146		460,146	424,988		424,988
Other			13		50	50	430	50	480
Total resources
expended				460,218	50	460,268	426,303	50	426,353
Net gains/(losses)		on
investments			14	(21,577)		(21,577)	(13,771)		(13,771)
Net (outgoing)/incoming
resources				(60,625)	(50)	(60,675)	195,808	(50)	195,758
Other recognised		gains	and	losses
Other gains or losses			15	3,236		3,236
Net movement	in	funds		(57,389)	(50)	(57,439)	195,808	(50)	195,758
Fund balances at 1
September 2019				2,404,718	150	2,404,868	2,208,910	200	2,209,110
Fund balances	at	31
August 2020				2,347,329	100	2,347,429	2,404,718	150	2,404,868

					2919
			Notes		6
Fixed assets
Tangible assets			16	652,214	666,393
Investment properdes			17	1,2'I0,000	1,210,000
Investments			16	407,186	421,055
				2.269,400	2,297,448
Current assets
Debtors			20	10,831	11,617
Cash at bank and in	hand			260,366	321,098
				271,197	332,715
Creditors: amounts one year	falling due wllhin		21	(26,069)	(41,482)
Iiet current assets				245,108	291233
Total assets less current		liabilities		2,514,506	2,588,681
Creditors: amounts more than one year	faging due alter			{167,079)	(183,813)
				2,347,429	2,404,868
Capital funda
Endowment funds - general				100	150
Incomefunds
~restri e~gda Designated funds					16,666
General unreslricted	funds			1,446,185	1,476,005
Revaluation reserve				901,144	912,047
				2,347,329	2,404,718
				2.347,429	2,404,868
The financial statements		were approved	by the Trustees	on ..!.C......H+PD~)

			Notes	2020 f	f	2019 f
Cash flows from operating		activities
Cash (absorbed by)/generated		from	31
operations					(64,455)		166,785
Investing	activities
Purchase	of investments			(91,193)		(46,951)
Proceeds	on disposal of investments			83,485		29,501
Investment	income received			11,431		12,935
Net cash	generated from/(used in)
investing	activities				3,723		(4,515)
Net cash	used in financing	activities
Net (decrease)/increase in		cash and cash
equivalents					(60,732)		162,270
Cash and	cash equivalents at beginning		ofyear		321,098		158,828
Cash and	cash equivalents	at end ofyear			260,366		321,098

			Unrestricted	Unrestricted
			funds	funds
			2020	2019
			f	5
Donations	and gifts		213,047	333,643
Legacies receivable			1,300
			214,347	333,643
Donations	and gifts
Church donations			17,788	28,982
Grilfiths Trust			193,924	185,858
Valedictory				426
Personal			1,234	971
Other			101	456
Proceeds	from the sale ofdonated	Baptist Chapel		116,950
			213,047	333,643

2020	2019
	5
88,493	163,294
104,289	123,927
192,782	287,221

	Rental income	88,493	163,294
	Fees	104,289	123,927
		192,782	287,221
5	Investments
		Unrestricted	Unrestricted
		funds	funds
		2020	2019
		6	9
	Dividends	10,607	12,145
	Interest receivable	824	790
		11,431	12,935
6	Other income
		Unrestricted	Unrestricted
		funds	funds
		2020 6	2019f
	Sundry income	2,610	2,083

						Unrestricted	Unrestricted
						funds	funds
						2020	2019
						6	6
	Advertising					72	885
						72	885
8	Charitable		activities
						2020f	2019 6
	Staffcosts					222,814	177,595
	Depreciation			and impairment		14,179	14,179
	Catering					3,380	3,197
	Student	support costs				110	632
	Books					2,358	1,944
	Library					7,924	6,915
	Schools	Science Project					646
	Prizes					400	3,731
	Pension	Liability Interest Charge				3,958	4,705
						255,123	213,544
	Grant funding			ofactivities (see note 9)		11,044	23,511
	Share ofsupport costs (see note 10)					189,779	183,733
	Share ofgovernance				costs (see note 10)	4,200	4,200
						460,146	424,988
9	Grants	payable
						2020	2019
						f	5
	Grants to individuals					11,044	23,511
						11,044	23,511

10	Support costs	Support costs
			Support	Govennance	2020	Support	Governance	2019
			costs	costs		costs	costs
			8	8			8
	Staff costs		41,063		41,063	39,915		39,915
	Operating	lease charges	1,888		1,888	2,088		2,088
	Telephone		832		832	966		966
	Printing 8	stationery	4,583		4,583	6,158		6,158
	Heat, light	and water	19,495		19,495	23,363		23,363
	Cleaning		18,086		18,086	19,123		19,123
	Insurance		12,934		12,934	12,319		12,319
	Professional fees		8,933		8,933	14,951		14,951
	Sundry		14,403		14,403	10,943		10,943
	Amenities	&training	8,387		8,387	531		531
	Travel &conference
	expenses		3,955		3,955	7,011		7,011
	Repairs and renewals		55,220		55,220	46,365		46,365
	Audit fees			4,200	4,200		4,200	4,200
			189,779	4,200	193,979	183,733	4,200	187,933
	Analysed	between
	Charitable	activities	189,779	4,200	193,979	183,733	4,200	187,933

The average	monthly number ofemployees during	the year was:
		2020	2019
		Number	Number
Teaching staff
Administrative	staff
Employment	costs	2020 f	2019f
Wages and salaries		209,820	167,297
Social security	costs	21,132	17,584
Other pension	costs	32,925	32,629
		263,877	217,510

		Endowment	Unrestricted	Endowment	Total
		funds	funds	funds
		general		general
		2020	2019	2019	2019
Anne	Rendell Prize Fund	50		50	50
Other	expenditure		430		430
		50	430	50	480

Unrestricted	Unrestricted
funds	funds
2020	2019
(21,577)	(13,771)

14	stet gains/(losses)	stet gains/(losses)	on investments	on investments			(Continued)
15	Other gains	orlosses
					Unrestricted		Total
					funds
					2020		2019
						8	F
	Gain on pension scheme				(3,236)
16	Tangible fixed assets
					Freehold	land	and buildings
							8
	Cost
	At 1 September 2019						708,930
	At 31August	2020					708,930
	Depreciation	and	impairment
	At 1 September 2019						42,537
	Depreciation	charged		in the year			14,179
	At 31August	2020					56,716
	Carrying amount
	At 31August	2020					652,214
	At 31August	2019					666,393

18	Fixed asset investments	Fixed asset investments
				Listed	Cash in	Total
				investments	portfolio
				6
	Cost or valuation
	At 1 September 2019			406,444	14,611	421,055
	Additions			91,193	(91,193)
	Valuation changes			(21,577)		(21,577)
	Cash movement				7,710	7,710
	Disposals			(80,206)	80,206
	At 31August 2020			395,854	11,334	407,188
	Carrying amount
	At 31August 2020			395,854	11,334	407,188
	At 31August 2019			406,444	14,611	421,055
19	Financial instruments				2020	2019
						6
	Carrying amount of	financial assets
	Instruments measured	at fair value through	profit or loss		395,852	406,444
20	Debtors
					2020	2019
	Amounts falling due	within one year:			6
	Trade debtors					850
	Prepayments and accrued income				10,831	10,767
					10,831	11,617
21	Creditors: amounts	falling due within one year
					2020	2019
				Notes	6	8
	Other taxation and social security				5,005	5,147
	Deferred income			23		15,553
	Other creditors					466
	Accrusls and deferred	income			21,084	20,316
					26,089	41,482

22	Creditors: amounts	falling due after more than one year
			2020	2019
				6
	Accruals and deferred	income	167,079	183,813

			2020f	2019
Repayable	within	two and five years	79,465	71,527
Repayable	in more than five years		87614	112286
			167079	183813

				2020	2019
				6	f
Arising from income in advance					15,553
Deferred income	is included	in the financial statements	as follows:
				2020	2019
				6	6
Balance brought	forward			15,553	43,276
Income received
Income released				(15,553)	(27,723)
Balance carried	forward				15,553

			Balance at	Resources	Balance at	Resources	Balance at
		1	September	expended	1 September	expended	21 August
			2010f	6	2010 f		2020 6
Pension Scheme Gift			33,333	(16,667)	16,666	(16,666)
			33,333	(16,667)	16,666	(16,666)
The trustees	agreed to	designate additional	voluntary	payments to	the Pension	Scheme of f50,000.The
final payment	was made	in 2019/20.
Analysis of	net assets	between funds
		Unrestricted Endowment		Total Unrestricted		Endowment	Total
		funds	funds		funds	funds
		2020	2020	2020	2019	2019	2019
		6	6	6	6	f
Fund balances at 31
August 2020	are
represented	by:
Tangible assets		652,214		652,214	666,393		666,393
Investment properties		1,210,000		1,210,000	1,210,000		1,210,000
Investments		407,186		407,186	421,055		421,055
Current assets/
(liabilities)		245,008	100	245,108	291,083	150	291,233
Long term liabilities		(167,079)		(167,079)	(183,813)		(183,813)
		2,347,329	100	2,347,429	2,404,718	150	2,404,868

	under non-cancellable operating	leases,	wh	ich fall due	as follows:
						2020 6	2019f
	Within one year					1,848	1,888
	Between two and five years					1,540	3,388
						5,276	5,276
31	Cash generated from operations					2020	2019
						6	f
	(Deficit)/surplus for the year					(60,675)	195,758
	Adjustments for:
	Investment income recognised	in statement		offinancial	activities	(11,431)	(12,935)
	Foreign exchange differences					3,236
	Fair value gains and losses on	investments				21,577	13,771
	Depreciation and impairment oftangible		fixed assets			14,179	14,179
	Difference between pension charge and		cash contributions			(17,768)	(14,568)
	Movements in working capital:
	Decrease/(increase) in debtors					786	(1,205)
	Increase/(decrease) in creditors					1,194	(492)
	(Decrease) in deferred income					(15,553)	(27,723)
	Cash (absorbed by)/generated	from operations				(64,455)	166,785