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

Page
Governors,
Officers, Advisers
and Other information
Annual
Report		 ofthe Governors 5-16
Strategic Report 9-16
Statement ofGovernors'
Responsibilities		 16
Independent
Auditors'
Report		 17-20
Consolidated Statement
of Financial		 Activities 21 - 22
Consolidated and Charity Balance Sheet 23
Consolidated Cash Flow Statement 24
Notes to the Financial Statements 25-44

uring the year and subs equently
are s		 et o ut bel ow.
Name Role Committees Appointment and resignation
BC Marsden Chairman 1,2, 3,4, 5,
6, 7
P G Forrest Vice Chairman 2, 3, 4, 6, 7
DJBerr 1,2
Mrs J M Meadows 1,5 Resi ned 30a November 2021
J N Backhouse Designated Governor for 3, 4, 7
Welfare,
Health		 &Safety and
Com
liance
Dr R D Dobrashian Designated Governor for
Safe uardin
O.J McCann Designated Governor for
Com
liance
Mrs LA Robinson Designated Governor for Early 5, 3
Years and Foundation Sta e
Mrs V Robinson-Ho
Mr G O' Neill 1,4
Mrs G M Bardin Resi ned 2"4 Se tember 2020
Miss P LWilliamson
Dr SBhattacharyya Designated Governor for
Safe uardin
Mrs H J Crosb 1,6 A ointed 7'" December 2020
Mrs D A Northin Designated Governor for Early 5, 3 Appointed 7'" December 2020
Years and Foundation Stage

-------Year Ended
Unrestricted
Restricted		 -------Year Ended
Unrestricted
Restricted		 -------Year Ended
Unrestricted
Restricted		 31"August 2021-----—-
Endowment
Total		 31"August 2021-----—-
Endowment
Total		 Year Ended
31"August
Funds Funds Funds Funds 2020
Total
Note
Income
Charitable
Activities
Fees receivable and
similar income 6,549,509 6,549,509 6,716,181
Ancillary income 363,438 363,438 402,238
Other trading activities
Ancillary
income		 16,331 16,331 30,048
Voluntary
sources
Donations
and legacies		 24,363 33,307 57,670 60,427
Investments
Rental and hire income 4,000
Investment
income		 14,107 2,517 16,624 6,963
Total income 6,967,748 35,824 7,003,572 7,219,857
Expenditure
on:
Raising funds:
Bank charges and interest 27~272 27,272 11,490
Investment
management		 costs 263 510 773 730
Bad debt expense 1,163 1,163 8,666
Publicity,
marketing,		 and events 238,871 238,871 184,028
267,569 510 268,079 204,914
Charitable
Activities:		 School Operating Costs:
Teaching costs 4,625,064 8,643 4,633,707 4,873,676
Welfare 449,848 449,848 394,987
Premises 917,409 917,409 1,000,452
Administration 1,150,185 1,150,185 996,188
7,142,506 8,643 7,151,149 7,265,303
Total expenditure 7,410,075 9,153 7,419,228 7,470,217
Net (expenditure)/income (442,327) 26,671 (415,656) (250,360)

-------Year Ended
Unrestricted
Restricted		 -------Year Ended
Unrestricted
Restricted		 31"August 2021--
Endowment
Total		 31"August 2021--
Endowment
Total		 Year Ended
31"August
Funds Funds Funds Funds 2020
Total
Note
Net (expenditure)/income (442,327) 26,671 (415,656) (250,360)
Transfers
between funds		 18,19,20 12,509 (12,509)
Other recognised
gains		 and losses
Investment
gains/(losses)		 12, 18,20 4,143 7,718 11,861 (7, 139)
Net movement in funds (425,675) 14,162 7,718 (403,795) (257,499)
Funds brought
at31"August		 forward
2020		 18,19,20 9,712,493 11,181 77,101 9,800,775 10,058,274
Funds carried forward
at 31"August 2021 18,19,20 9,286,818 25,343 84,819 9,396,980 9,800,775

2021 2020
Note
FIXEDASSETS
Tangible assets
Investments		 11
12		 8,373,303
130,343		 7,727,558
115,433
8,503,646 7,842,991
CURRENT ASSETS
Debtors 13 104,935 150,158
Cash in bank and in hand 2,667,528 3,029,999
2,772,463 3,150,167
CREDITORS
Amounts
falling due within one year		 14 (804,230) (576,288)
NET CURRENT ASSETS 1,968,233 2,503,879
TOTAL ASSETS LESSCURRENT LIABILITIES 10,471,879 10,445,870
CREDITORS
Amounts
falling due after more than
one year 15 (455,424)
ACCRUALS AND DEFERRED
INCOME 16 (619,475) (646,095)
TOTAL NET ASSETS 17 9,396,980 9,800,775
FUNDS
Unrestricted Funds 18 9,286,818 9,712,493
Restricted
Funds		 19 25,343 11,181
Endowment Funds 20 84,819 77,101
9,396,980 9,800,775

2021 2020
Notes
Net cash (outflow)/inflow
from
operations		 (a) (243,967) 22,005
Capital expenditure
and financial
investment
Payments
for tangible fixed assets
(775,202)
Proceeds on disposal oftangible fixed assets		 (294,139)
2,464,860
Net payments
for Investments		 (3,049) (4,142)
(778,251) 2,166,579
(1,022,218) 2,188,584
Financing
Loans received 500,000
(Decrease)/increase
in cash in year		 (b) (522,218) 2,188,584
Notes to the Consolidated Cash Flow Statement
a. Net cash inflow from operations
2021
6		 2020f
Net expenditure
before
Depreciation		 transfers and investment gains (415,656)
145,349		 (250,360)
337,636
Release of historic loans (see
Decrease
in debtors		 note 4) 42,080 (16,280)
38,026
Increase/(Decrease)
in
(Decrease)/increase
in		 creditors
accruals and deferred		 income 7,727
(26,620)		 (85,259)
866
Gift aid recovery 3,153 (2,624)
Net cash (oufflow)/inflow from operations (243,967) 22,005
b. Analysis ofChanges in Net Funds At 1" Cashf low At 31"
September August
2020
6		 2021f
Net Cash:
Cash at bank and in hand 3,029,999 (362,471) 2,667,528
Debt:
Bank overdraft (159,747) (159,747)
Debts due in less than one year (44,576) (44,576)
Debts due in more than one year (455,424) (455,424)
Net Funds 3,029,999 (1,022,218) 2,007,781

less estimated
residual
value based
lives. The rates used are as follows:		 on current market prices o ver t
Freehold
Buildings		 20 to 50years
Furniture
and School Equipment:		 10%and 20%straight line
Computers 33%straight
line
Motor Vehicles 25%reducing
balance

FEESRECEIVABLE AND SIMILAR INCOME
2021
f		 2020
f
Fees receivable
and similar income		 6,843,556 7,456,095
(after staff remissions
and family reductions)
Less: Reductions
and rebates arising from Covid-19 disruption		 (418,165)
6,843,556 7,037,930
Less: Bursaries awarded (205,830) (228,217)
Less: Scholarships
awarded		 (88,217) (93,532)
6,549,509 6,716,181
Number
of pupils
in receipt of bursaries		 43 46
Number
of pupils
in receipt ofscholarships		 57 61

ANCILLARY INCOME
Unrestricted
f		 Restricted
6		 Endowments 6 2021 2020
Charitable
activities
Coach income 241,809 241,809 237,885
Government
Coronavirus		 Job
Retention Scheme 79,818 79,818 121,056
Government
contribution		 to
CBILSloan interest
After School care		 (see note 14) 12,500
4,153		 12,500
4,153		 12,580
Commissions
received		 2,700 2,700 3,891
Entrance exam fees 4,635 4,635 4,365
Other 17,823 17,823 22,461
363,438 363,438 402,238
Other trading
activities
Property
rental income		 16,331 16,331 30,048

DONATIONS DONATIONS AND LEGACIES
Unrestricted Restricted Endowments 2021 2020
F 6 6 F 6
Donations
Release of		 and legacies
historic loans		 24,363 33,307 57,670 44,147
16,280
24,363 33,307 57,670 60,427

2021 2020f
Property rental income - unrestricted 4,000

Unrestricted Restricted Endowments 2021 2020
6 6 6 F. 6
Bank deposit interest
Investment
income		 12,802
1,305		 2,517 12,802
3,822		 2,091
4,872
14,107 2,517 16,624 6,963

TOTAL EXPENDI URE ------—-----—2021---------------
Staff De p'n Other Total
Costs
Bank charges and interest
Investment
management
Bad debt expense
Publicity		 costs 105,599 27,272
773
1,163
133,272		 27,272
773
1,163
238,871
Costs ofgenerating funds 105,599 162,480 268,079
Teaching costs
Welfare costs		 4,143,932 144,244 345,531
449,848		 4,633,707
449,848
Premises 361,338 1,105 554,966 917,409
Support costs 556,916 593,269 1,150,185
Charitable
activities		 5,062,186 145,349 1,943,614 7,151,149
Total expenditure 5,167,785 145,349 2,106,094 7,419,228
Total resources expended include: 2021 2020
Auditors'
remuneration
-Audit 9,270 9,000
-Accountancy,
taxation and other services		 11,800 8,108
Governance costs 21,070 17,108
Depreciation 145,349 337,838

id
TOTAL EXPENDI URE contnue) --—-2020---------------
Staff Dep'n Other Total
Costs
Bank charges and interest
Investment
management
Bad debt expense
Publicity		 costs 68,629 11,490
730
8,666
115,399		 11,490
730
8,666
184,028
Costs ofgenerating funds 68,629 136,285 204,914
Teaching costs
Welfare costs		 4,296,245 173,847 403,584
394,987		 4,873,676
394,987
Premises 340,461 163,789 496,202 1,000,452
Support costs 465,754 530,434 996,188
Charitable
activities		 5,102460 337,636 1,825,207 7,265,303
Total expenditure 5,171,089 337,636 'i,961,492 7,470,217

The average
number of		 persons employed
(including
Go		 vernors)
during the year was as		 follows:
2021 2020
Non-executive
governors		 13 12
Teachers; full time 49 52
part time
Teaching support and pastoral
Office and administration		 23
26
23		 21
31
19
Domestic, maintenance and cleaning 26 27
160 162
Staff costs comprise:
Salaries and wages
Social security costs		 4,165,214
373,348		 4,052,446
414,595
Other pension costs 631,923 704,048
5,167,785 5,171,089

STAFF COSTS (continue d)
2021 2020
6
Governors'
expenses		 250 226
The number ofemployees whose emoluments exceeded 660,000 in the year was as follows:
680,001 -f90,000 2 1
6100,001 - 6110,000 1 1
F120,001 - 6130,000 1
6140,001 - 6150,000 2
5 3

FIXED ASSETS —GROUP AND FIXED ASSETS —GROUP AND FIXED ASSETS —GROUP AND FIXED ASSETS —GROUP AND CHARITY
Freehold Furniture Motor Assets in Total
Land and and School Vehicles the
Buildings Equipment course of
construction
COST)VALUATION
At 1"September 2020 9,906,523 4,671,744 112,997 289,913 14,981,177
Additions 30,318 67,012 4,200 689,564 791,094
Transfer 289,866 - - (289,866)
At31"August 2021 10,226,707 4,738,756 117,197 689,611 15,772,271
DEPRECIATION
At 1"September 2020
Charge for the year		 2,855,359
1,105		 4,317,136
135,226		 81,124
9,018		 7,253,619
145,349
At31"August 2021 2,856,464 4,452,362 90,142 7,398,968
NET BOOK VALUE AT
31"August 2020 7,051,164 354,808 31,873 289,913 7,727,558
31"August 2021 7,370,243 286,394 27,055 689,611 8,373,303
DIRECTORS' VALUATION OF FREEHOLD LAND AND BUILDINGS
2021f 2020
Comprises: Directors' estimate of 'continuing
existing use'
valuation
of land and buildings as at 31"August 1975
Subsequent
additions
at cost		 4'10,000
9,816,707		 410,000
9,496,523
10,226,707 9,906,523
All fixed assets are used for direct charitable purposes.
Land with acost off1,029,407 (2020:f1,029,407) is not depreciated.

Listed Cash Total
investments
f
Market value at 1"September 2020 111,004 4,429 115,433
Additions 32,747 32,747
Disposals
Unrealised
gains arising
in the year
Movement
in cash		 (29,938)
11,861		 240 (29,938)
11,861
240
Market value at 31"August 2021 125,674 4,669 130,343
2021
f		 2020
Historical cost 118,626 114,850
Listed investments 2021
f		 2020
f
UK investments 91,693 80,730
Overseas
and other investments		 33,981 30,274
125,674 111,004
The investments
are all managed
in the UK.
Investments
with a market value of over 5%ofthe total market value of investments
are as follows:
2021
6		 2020
f
Smith &Williamson
Church		 House Investment 5,952
Legal &General
All Stocks Gilt Index
Janus Henderson
Strategic Bond		 7,717 9,981
5,831
DEBTORS —GROUP AND CHARITY:
Amounts
falling due within		 one year 2021f 2020
Fee debtors
Prepayments
Income tax recoverable		 15,346
64,441		 28,436
102,157
3,153
Amounts
due from subsidiary
Other debtors		 undertaking 24,323
825		 18,422
104,935 150,188

14. CREDITORS —GROUP AND CHARITY:
Amounts
falling due within one year		 2021 2020
6
Bank loans and overdrafts
Deposits received
Taxation and social security
Trade creditors and accruals		 204,323
177,529
166,514
255,864		 182,125
138,784
277,379
804,230 576,288

CREDITORS —GROUP AND CH
Amounts
falling due after more		 ARITY:
than one year
2021
f		 2020
Loans 455,424
The loan from NPIF is repayable as follows: 2021 2020
6 8
Within
1 year
1 to 2 years
2to 5years
More than 5years		 44,576
92,558
307,069
55,797

ACCRUALS AND DEFERRED INCOME —GROUP AND CHARITY
2021
f		 2020
Fees paid in advance:
Amounts
at 1"September 2020
Amounts
received
in the year
Amounts
utilised
in payment
offees		 646,095
688,492
(715,112)		 645,229
528,638
(527,772)
At 31"August 2021 619,475 646,095

ANALYSIS OF NET A SSETS BETWEEN FUNDS —GROUP AN D CHARITY
Undesignated Designated Restricted Endowment Total
f f
Fund balances at 31"August 2021 are represented by:
Tangible fixed assets
Investments		 45,524 8,366,680 6,623 84,819 8,373,303
130,343
Debtors 104,935 104,935
Cash in hand 660 660
Cash at bank 2,079,459 568,689 18,720 2,666,868
Bank overdraft (159,747) (159,747)
Creditors
Accruals and deferred		 income (1,084,015)
(619,475)		 (15,892) (1,099,907)
(619,475)
Total net assets 367,341 8,919,477 25,343 84,819 9,396,980
Undesignated Designated Restricted Endowment Total
f f
Fund balances at 31"August 2020 are represented by:
Tangible fixed assets
Investments		 38,332 7,716,377 11,181 77,101 7,727,558
115,433
Debtors 150,168 150,168
Cash in hand 1,239 1,239
Cash at bank 1,421,501 1,607,259 3,028,760
Creditors (576,288) (576,288)
Accruals and deferred income (646,095) (646,095)
Total net assets 388,857 9,323,636 11,181 77,101 9,800,775

18. UNRESTRICTED FUNDS —GROUP AND CHARITY —GROUP AND CHARITY
Balance
1"September		 Income Expenditure Gains/
(losses)		 Balance
31"August
2020 and 2021
transfers
6 6
Designated
Funds:
Fixed Asset Fund		 6,718,478 76,889 6,795,367
Principal's
Fund
Westholme
2022		 5,158
2,600,000		 (481,048) 5,158
2,118,952
9,323,636 (404,159) 8,919,477
Undesignated
Funds:
General Reserve		 388,857 6,967,748 (7,410,075) 420,811 367,341
9,712,493 6,967,748 (7,410,075) 16,652 9,286,818
Balance
1"September		 Income Expenditure Gains/
(/osses)		 Balance
3'I"August
2019 and 2020
transfers
Designated
Funds:
Fixed Asset Fund		 9,073,652 (2,355,174) 6,718,478
Principal's Fund 5,158 5,158
Westholme 2022 2,600,000 2,600,000
9,078,810 244,826 9,323,636
Undesignated
Funds:
General Reserve		 881,856 7,222,823 (7,458,770) (257,052) 388,857
9,960,666 7,222, 823 (7,458,770) (12,226) 9,712,493

RESTRICT ED FUNDS —GR OUP AND CHARITY
Balance
1*'September		 Income Expenditure Transfers Balance
31"August
2020 2021
Bursaries 29,720 (11,000) 18,720
Westholme Association 11,181 3,587 (8,643) 498 6,623
Investment income 2,517 (510) (2,007)
11,181 35,824 (9,153) (12,509) 25,343
School for specific purposes.
Balance
1"September		 Income Expenditure Transfers Balance
31"August
2019 2020
Foundation Bursaries (12,175) 12,175
Westholme Association 15738 6393 (10951) 11,181
Investment income 2,816 (496) (2,320)
15,738 (2,966) (11,447) 9,856 11,181

ENDOWME NT
FUNDS —GR		 OUP AND CHARITY
Balance
1"September		 Income Expenditure Gains/
(losses)		 Balance
31"August
2020 and 2021
transfers
8 8 8
Permanent Endowments 77,101 7,718 84,819

considered
t		 o be material to the accounts ofthe School.
2021 2020
5
Westholme Promotions Limited
Aggregate ofCapital and Reserves (12,083) (12,083)
Turnover 16,005 158,366
Cost ofsales (13,481) (155,889)
Gross Profit 2,524 2,477
Administrative expenses (2,524) (2,477)
Result for the year

OF FUND
Unrestricted Restricted Endowment Total
Funds
f		 Funds Funds Fundsf
Income
Charitable
Activities
Fees receivable and similar income 6,728,356 (12,175) 6,716,181
Ancillary
income		 402,238 402,238
Other trading
activities
Ancillary
income		 30,048 30,048
Voluntary sources
Donations
and legacies		 54,034 6,393 60,427
Investments
Rental &hire income 4,000 4,000
Investment
income		 4,147 2,816 6,963
Total income 7,222,823 (2,966) 7,219,857
Expenditure
on
Raising funds:
Bank charges and interest 11,490 11,490
Investment
management		 costs 234 496 730
Bad debt expense 8,666 8,666
Publicity,
marketing,		 and events 184,028 184,028
204,418 496 204,914
Charitable
Activities:		 School Operating Costs
Teaching costs 4,862,725 10,951 4,873,676
Welfare 394,987 394,987
Premises 1,000,452 1,000,452
Administration 996,188 996,188
7,254,352 10,951 7,265,303
Total expenditure 7,458,770 11,447 7,470,217
Net income (235,947) (14,413) (250,360)
Transfers
between		 funds (9,856) 9,856
Other recognised gains and losses
Loss on investments (2,370) (4,769) (7,139)
Net movement
in funds		 (248,173) (4,557) (4,769) (257,499)

FUND (continu ed)
Unrestricted Restricted Endowment Total
Funds Funds Funds Funds
8 E
Net movement in funds (248,173) (4,557) (4,769) (257,499)
Funds broughtforward
at31"August 2019		 9,960,666 15,738 81,870 10,058,274
Funds carried forward
at 31"August 2020 9,712,493 11,181 77,101 9,800,775