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|---|---|---|---|---|
|Charity Reference and|Administrative||Details||
|Report ofthe Trustees|(including'|the|Strategic Report)|2-9|
|Report ofthe Independent
Auditors||||10-11|
|Statement ofFinancial|Activities|||12|
|Balance Sheet||||13|
|Cash Flow Statement||||14|
|Notes to the Financial|Statements|||15-27|
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||||||2020|2019|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
|||Notes|Fund|Funds|Fund|Fundf|
|Income from:|||||||
|Donations
and legacies|||1,719||1,719|3,557|
|Charitable
activities|||3,461,262||3,461,262|3,688,580|
|Investment
income|||4,140||4,140|5,9 1 1|
|Other income|||108,340||108,340|6,747|
|Total income|||3,575,461||3,575,461|3,704,795|
|Expenditure
on:|||||||
|Charitable
activities|||||||
|Educational
activities||6|3,523,233|564|3,523,797|3,605,793|
|Total expenditure|||3,523,233|564|3,523,797|3,605,793|
|Net income/(expenditure)|||52,228|(564)|51,664|99,002|
|Gains on disposal ofother investments||||||517,186|
|Net movement
in funds||9|52,228|(564)|51,664|616,188|
|Reconciliation
offunds:|||||||
|Total funds brought|forward|20|3,259,840|8,415|3,268,255|2,652,067|
|Total funds carried|forward|20|3,3129068|7,851|3,319,919|3,268,255|
##
||||||Balance|Sheet|||
|---|---|---|---|---|---|---|---|---|
||||||AAt31 A|A 2020|||
||||||||2020|2019|
||||||Notes||5||
|Fixed Assets|||||||||
|Tangible assets|||||14||5,009,953|4,961,546|
||||||||5,009,953|4,961,546|
|Current
assets|||||||||
|Stocks|||||15||67,999|70,949|
|Debtors|||||l6||165,391|1,098,426|
|Cash at bank|and in hand||||||9382091|676,417|
||||||||1,171,481|1,845,792|
|Creditors:|||||||||
|Amounts
faliing due within|||one|year|17||(817,444)|(3,457,994)|
|Net current|assets/(liabilities)||||||354,037|(1,612,202)|
|Total assets|less current|liabilities|||||5,363,990|3,349,344|
|CREDITORS|||||||||
|Amounts
falling due after||more||than one year|18||(2,044,071)|(81,089)|
|Net assets|||||||3,319,919|3,268,255|
|Charity funds|||||||||
|Restricted funds|||||20||'/,851|8,415|
|Unrestricted|funds||||20||976,525|924,297|
|Unrestricted|funds - revaluation|||reserve|20||2',335,543|2,335,543|
|Total charity|funds||||||3,319,919|3,268,255|
##
|||2020|2019|
|---|---|---|---|
||Notes|g||
|Cash inflow from operating
activities|22|97,571|430,689|
|Interest paid||(55,623)|(118,017)|
|Net cash flow from operating
activities||41,948|312,672|
|Cash flow from investing
activities||||
|Payments
to acquire tangible fixed assets||(173,559)|(337,548)|
|Proceeds from sale ofother investments||1,000,000|453,459|
|Investment
income||4,140|5,911|
|Net cash flow from investing
activities||830,581|121,822|
|Cash flow from flnancing
activities||||
|New loan finance||2,000,000||
|Capital repayment
oflong-term
loans and finance lease||(2,610,855)|(519,404)|
|Net cash flow from financing
activities||(610,855)|(519,404)|
|Net increase in cash and cash equivalents||261&674|(84,910)|
|Cash and cash equivalents
at I September||676,417|761,327|
|Cash and cash equivalents
at 31August||938,091|676,417|
|Cash and cash equivalents
consist of:||||
|Cash at bank and in hand||938&091|676,4l7|
|Cash and cash equivalents
at 31August||938,091|676,417|
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|ANAL|YSIS OFEXPENDITURE ON|CHARITABLE ACT|IVITIES|||
|---|---|---|---|---|---|
|||Educational|Support|Total|Total|
|||Activities|Costs|2020|2019|
|||||8|f.|
|Teaching staff||2,092,784||2,092,784|2,022,333|
|Educational
support costs||6471585||647,585|614,403|
|Support costs|(see note 7)||3759235|375,235|318,388|
|Catering costs||67,748||67,748|230,905|
|Uniform
costs||43,869||43,869|52,736|
|Depreciation
and loss on disposal ofassets||125,152||125,152|, 103,293|
|Interest payable||55,623||55,623|118,013|
|Bank charges||1,603||1,603|22,061|
|Co-curricular|activities|114,198||114,198|123,661|
|||3,148,562|375,235|3,523,797|3,605,793|
||||||Educational||
|---|---|---|---|---|---|---|
|Support cost||||Basis ofallocation|Activities|Educational|
||||||2020|Activities 2019|
||||||K|f|
|Governance
(seenote||8)|||145,595|109,861|
|Senior|management|||Allocated on time basis|109,133|98,542|
|Admin|staff costs|||Allocated on time basis|)20,507|109,985|
|Total|||||375,235|318,388|
||GOVERNANCE||COSTS||||
|||||Basis ofallocation|2020|2019|
|Senior|management|||Allocated on time basis|12,126|10,949|
|Adrnin|staff costs|||Allocated on time basis|93,981|79,395|
|Auditor's
remuneration|||(see note 10)|Governance|11,300|II,100|
|Legal|Ec professional|fees||Governance|28,188|8,417|
||||||145,595|109,861|
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|Net movement|in funds is stated after charging:|in funds is stated after charging:|||||
|---|---|---|---|---|---|---|
||||||2020f|2019
f|
|Depreciation|oftangible
fixed assets - owned assets||||123,662|103,293|
|Loss on disposal oftangible||fixed assets —owned assets|||1,490||
|Operating
lease rentals|||||20,040|28,142|
|10
AUDITOR'S REMUNERATION|||||||
||||||2Q2Q|2019|
||||||f||
|Fees payable|to the charity's|auditor for the audit ofthe charity's|annual|accounts|I19300|11,100|
|Fees payable|to the charity's|auditor for other services|||11,966|1l,8 l7|
|Fees payable|to the charity's|auditor in respect ofthe Teachers'|pension|plan|1,100|1,050|
##
|FTE)during
the year|were as follow|s:|||
|---|---|---|---|---|
||||2020|2019|
|Charitable
activities|||60|47|
|Governance|||3|3|
||||63|50|
|he total staff costs and employees'||benefits was as follows:-|||
||||2020|2019|
|||||f|
|Wages &salaries|||2',076,983|1,914,719|
|Social security costs|||183,448|178,003|
|Defined contribution|pension costs||22,499|17,176|
|Defined benefit pension operating||costs|344,421|246,286|
||||2,6271351|2,356,184|
##
|13
INTEREST PAYAB|LE AND SIMILA|R CHARGES||||
|---|---|---|---|---|---|
|||||2020|2019|
|Bank loans and overdrafts||||53,356|116,026|
|||||53,356|116,026|
|14
TANGIBLE FIXED|ASSETS|||||
||Freehold|Property|Fixtures|||
||property|Improvements|and fittings|Motor vehicles|Total|
|||8||8|tt|
|Cost or deemed cast:||||||
|At
1 September 2019|4,579,456|471,126|469,102|7,000|5,526,684|
|Additions|31,621|86,734|55,204||173,559|
|Disposals|||(226,071)||(226,071)|
|At 31 August 202G|4,611,077|557)860|298,235|7,800|5,474,172|
|Depreciation:||||||
|At 1 September 2019|211,512|21,673|324,954|6,999|565,138|
|Charge for year|47,267|31,543|44,852||123i662|
|Elimination
on disposals|||(224,581)||(224,581)|
|At 31 August 202G|258,779|53,216|145,225|6,999|464,219|
|Net book value:||||||
|At 31 August 2020|4,352,298|504,644|153,010||5,009,953|
|At 31 August 2019|4,367,944|449,453|144,148||4,961,546|
|e historic cos|t equivalent ofland and buildings
included|at deemed
cost are as follows. —||
|---|---|---|---|
|||2020|2019|
|||Land &|Land &|
|||Buildings
K|Buildings
I|
|Cost||2,716,796|2,685,175|
|Accumulated|depreciation|(700,041)|(652,774)|
|Net book value||2,016,755|2,032,401|
##
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|||||||2020|2019|
|---|---|---|---|---|---|---|---|
|||||||g||
||Uniforms|||||59,139|66,072|
||Food|||||2,000|4,877|
||Cleaning products|||||6,860||
|||||||67,999|70,949|
|All|stock held is||for charitable||activities.|||
|16||DEBTORS||||||
|||||||2020|2019|
||||||||L|
||Fees|debtors||||59,822|12,568|
||Other|debtors||||81,495|1,070,863|
||Prepayments||& accrued income|||24,074|14,995|
|||||||165,391|1,098,426|
|17|CREDITORS:|||AMOUNTS FALLING DUE WITHIN ONE YEAR||||
|||||||2020|2019|
|||||||8||
||Bank|loans &overdrafts||||23,537|2,606,745|
||Trade|creditors||||43,560|122,497|
||Other|tax & social security||||130,030|45,976|
||Other|creditors||||60,424|52,413|
||Fees in advance|||||455,936|534,061|
||Confirmation||deposits received|||6,800|7,000|
||Accruals &deferred|||income||88,228|80,544|
||Finance leases|||||8,929|8,758|
|||||||817,444|3457994|
##
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|||2020
8|2019
f|
|---|---|---|---|
|Bank loans &|overdrafts|1,976,463||
|Confirmation|deposits received|62,400|71,600|
|Finance leases||5,208|9,489|
|||2,0449071|81,089|
##
|otal future minimum
finance lease payments
are as follows;|||
|---|---|---|
||2020|2019|
|Not later than one year|10,385|10,930|
|Later than one and not later than five years|7,552|11,840|
||17,937|22,770|
|Less finance charges|3,800|4,523|
||'14,137|18,247|
||2020|2019|
|---|---|---|
|||8|
|Not later than one year|31,521|23,902|
|Later than one and not later than five years|57,136|43,020|
||88,657|66,922|
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|AN|ALYSIS OF NET ASSETSBETWEE|N FUNDS|||
|---|---|---|---|---|
|||Unrestricted|Restricted||
|||funds|funds|Total|
|||g|8||
|Fixed assets||5,005,842|4,111|5,009,953|
|Current|assets|l,167,741|3,740|1,171,481|
|Current|liabilities|(817,444)||(817,444)|
|Creditors|more than one year|(2,044,07 i)||(2,044,071)|
|Total||3,312,068|7,851|3,319,919|
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||||||||||||Outstanding||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||Balances||
||||||||||||(Trade||
||||||||Income||Expenditure||creditors)|Commitments|
|Agne Limited
a company ofwhich|||||||||||||
|Mr SCostigan
is a|||director||||||||||
|At 31 August||2020||||||||8,842|||
|At 31August||2019||||||||5,900|498||
|The expenditure||off6,516(2019;E5,900)relates to marketing||||||costs aud f2,326(2019:fNil) relates to||||stationery.|
|26
FINANCIAL|||INSTRUMENTS||||||||||
|The carrying|amounts||ofthe charity's||financial|instruments|are|as follows:|||||
||||||||||||2020|2019|
||||||||||||g||
|Financial|liabilities||||||||||||
|Measured|at|amortised cost|||||||||||
|- Bank loans||(see notes 17and||18)|||||||2,000,000|2,606,745|
|-Obligations||under|finance leases||||||||14,137|18,247|
||||||||||||2,014,137|2,624,992|
|The expenses|attributable
the charity's||||financial|instruments|are summarised|||as follows:|||
||||||||||||2020|2019|
|||||||||||||E|
|Expenses|||||||||||||
|Financial|liabilities||measured|at amortised||cost|||||||
|Bank loan|interest||||||||||(53,356)|(116,626)|