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2020-08-31-accounts

Page
Reference and Administrative
Details
Report ofthe Trustees 2 to 7
Report ofthe independent
AucEtors		 8 ta 10
Statement ofFinandal Ant%ties
Statement ofFinanstaf position
Stalement ofCash Flows
Notes tathe Statement ofCash Flows 14
Notes sathe Ffnandal Statements 15 to 26
TRUSTEES R DJBussag
—Ading Chairman		 R DJBussag
—Ading Chairman
LJMason
TIBogg
Ivirs C M Tvdgg
W IVI Phelan
A E Langsdale
Mrs J CVincent
Mrs E CWould
Dr Rlvl Sharpe (appointed 9,11,20)
I RTyler (appointed 9.11.20)
I R C Harris (resigned 2.3.20)
J IVI Merrltt (resigned 2.3.20l
Mrs LM Reynolds {resigned 2.3.20)
S0 HeITlng (resigned 30.11.20)
REGISTERED OFFICE CromWe)IAVenue
Woodhallspa
Llncolnshlre
LN10 6TQ
REGlsTERED coivIPANY IaUREBER 00796794{England and Wales)
REGISTERED CHARITY NUMBER 527611
INDEPENDENT AUDITORS Forrester Boyd
Waynflete
House
1396astgate
Louth
Llncolnshire
LN11 9QO,
BANKERS Bardays Bank pic
35High Street
Homcasde
Lincolnshire
LN9 5HS
ACCOUNTANTS Duncan &Toplis limited
18 No rthgate
Sleaford
lincolnshire
N634 7BJ

2020 2019
Unrestricted Restdcted Total Total
fund fund funds funds
Notes E
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 83,547 83,547 1.,026
Charitable
aalvhles
Sdtoo!fees reoeivable 1,600,678 1,600,678 1,621,771
Other educational income 247,967 247,967 381,077
Other trading activities 22,505 22,505
Investment
income		 16,205 16,205 36301
Other income 6,879 6,879 30,718
Total 1,977,781 1,977,781 2,094,336
EXPENDITURE ON
Raising
funds		 6 21,043 21,043 16,260
Charhetde
acthdties
Teaching costs 93,482 93,482 229,397
Staff costs 1,356,983 1,356,983 1,336,973
Support and ere!fare costs 185,112 185,112 238,827
Premises costs 175,567 175,56'7
Financing cosb 7,978 7,978 6,169
Depreciation
costs		 39,520 39,520 37,406
Total 1,879,685 1,879,685 2,090,937
NET INCO84E 98,096 98,096 3,399
RECONCIUATION
OF FUNDS
Total funds brought forvsard 1,412,490 1,412,490 1309,091
TOTAL FUNDS CARRIED FORWARD 1,510,586 1,510,586 4412,490

STATEBIIENT OF FINANCIAL POSfBON
31AUGUST 2020
2020 2019
Unrestricted Restricted Total Total
fund fund funds funds
Notes 6 E
FIXEDASSETS
Tangible assets 13 1,690,283 1,690,283 1,691,739
CURRENI' ASSETS
Stor.ks 14 31,229 31,229 34,822
Debtors 1.5 495,399 495,399 449,281.
Cash at bank and in hand 140,546 140,546 115,796
667,174 667,174 599,899
CREDITORS
Amounts
falling due within one yea r		 16 (767,599) (767,599) (805,035)
NET CURRENT ASSETS (100,425) (100325) (205,136)
TOTAL ASSETS LESSCURRENT LIARIUTIES 1589,858 4589488 LA&6,603
CTt EDITORS
Amounts
falling due after more than one year		 17 P9,272) (79,272) (74,213)
1,510,586 1,510,5&6 1,412+90
FUNDS 20
Unrestricted
funds		 1,310,386 1,412,490
TOTAL FUNDS 2+10/86 1,412~0

2020 2019
6
Cash flows from operating activities
Cash generated
from operations		 57,078 51,341.
Interest paid (164) (243)
interest element ofhire purchase payments
paid (tr361) (1,352)
Net cash provided
by operating
activities		 49,746
Cash flows from lrwesting act{sides
Purchase oftangible fixed assets (38,064) (87,341)
Sa)eoftangible fixed assets 4,000 17,032
Interest received 517 388
Net orsh used
in investing		 aclfvities (33,547) (69,921)
Cash fhrws from dna»dng activities
New hire purchase
agreements		 42360
Hire purchase
repayments		 In year 3,244 (7,766)
lect cash prcndded
by financing
actlvKIes		 3,244 34,594
Change
In cash and cash equhralents		 In the
reporting
period		 24,750 14,419
Cash and cash equfvalents atthe beginning
ofthe mporting
period		 115,796 101,377
Cash and cash equivalents atthe end of
the repordng
period		 140,546 115,796

REconicI UATIQN o F NET INc oME TO NET CASH FLOW FROM OPERATING ACTIV ITIEs
2020 2019f
Net Income for the reporting period (as per the Statement ofFinancia!
Activibes) 98,096 3,399
Adjustments
for:
Depreciation
charges		 39,520 37,406
Profit on dispose Ioffixed assets (4,000) (17,032)
Interest rein i vsd (517) (388)
Interest paid 164 243
interest element ofhire purchase and flnana. lease rental payments IgkI 1,352
Decrease/(increase) in stocks 3,593 (5,734)
Increase in debtors (46,118) (28,670)
(Decrease)/Increase In creditors (35,521) 60,76S
Net cash provided by operations 58,939 52,693
ANALySLS OF CHANGES IN NET FUNDS
At1.9.19 Cash flow At31.8.20
E 6 f
Net cash
Cash at bank and in hand 115,796 24,750 140,546
115,796 24,750 140,546
Debt
Finance leases (34,594) (3/244) (37t838)
(34494) (3,744) (37,838)
Totat 81,202 21,506 102,708

h!OTES TO THE FINANCIAL STATEMENTS - continued TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31AUGUST 2020
2. DONATIONS AND 16GACIES
2020 2019
Donations 1,026
Grants 83,547
83,547 1,026
Grants received, included in the above, are asfollows:
2020 2019
f
Coronavirus fob Retention Scheme 83~7
9. OTHERTRADING
ACTRIITIES
2020 2019
f
Shop Income 22,505 23,443
4, IIWESTMENT INCOME
2020 2019
f
Rents received 15,688 35,913
Deposit a~count interest 517 388
16,205 36W1
S. INcongE FROM CHARITABLE ACTlvlrtEs
2020 2019
Activity
Boarding pupils School fees receivable 74,465 61,664
Oay pupils School fees receivable 1,526,213 '1,560,107
P up gs extras Other educaclonal income 1.02,106 181,678
Nursery Other educational Income 62,082 91,278
Early years funding Other educations! income 57,918 60,750
SEN funding Other educational income 25,861 47,371
1,848,645 2,002,848

2020 2019
f
21,043 16,260
7. cHARITABLE AcTRATIEs cosTS
Support
Dire~t costs (see
Cosh note 8)
f		 Totalsf
Teaching ~osts 93,482 93rK2
Stolfcosts 1,356,983 1,356,983
Support and welbre costs 163,823 21,289 185,112
Premises costs 175,567 175,567
Finandng costs 2,G25 5,953 7,978
Depreciation costs 39,520 39,520
1,831,400 27,242 1,858,642
SUPPORT COSTS
Governance
Finance costs Totals
f
Support and welbre costs 21,289 21,289
Flnandng costs 5,953 5,953
5,953 21,289 27,242
9, NET INCOME/(EIIPENDITVRE)
2G20
f		 2019f
Auditors'
remunerauon		 5,460 S,210
Depredation —owned assets 23,305 27,953
Depredation —assets on hire purchase contracts and finance leases 16,215 9,453
surplus on disposal ofAxed assets (4,000) (27/)32)
Accountancy fees 10,526 10,686

Trustees' expenses Trustees' expenses
2020 2019
E
Trustees' expenses 370 1,023
Expenses were reimbursed to two trustees during the year for travel expenses.
STAFF COSTS
2020 2019
f
Wages and salaries 1,089,179 1,220W2
Social security costs 89,364 93,38'7
Other pension costs 178,440 123,184
1,3S6,983 1,336,973
The average monthly number ofemployees during the year was as follows:
2020 2019
Teaching staff 35 34
Domestic staff 15 14
Administration staff 4 3
54

FOR T HE YEAR ENDED 81AUGUST 2020 HE YEAR ENDED 81AUGUST 2020
12, COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVIT)ES
Unrestricted Restr!cted Total
fund fund funds
6
INCOME AND ENDOWMENtS FROM
Donations and legacies 1,026 1,026
Chatftadfe accMtles
School fees receivable 1,621,771 1,621,771
Other educauenal
InCOme		 381,077 381,077
Other trading
activities		 23,443
Investment
income		 36,301 36,301
Other income 30,718 30,718
Total 2,094,336
EXPENDITURE ON
Raising funds 16,260 16,260
Cttarftad(e acthrlties
Teaching costs 229,397 229397
Staff mats 1,336,973 1,336,973
Support
and welfare costs		 238,827 238,827
Premises costs 22S,SSS 225,905
Finandng costs 6,169 6,169
Depreciation
costs		 37,406 377(06
Total 2,090,587 350 2,090,937
NET INCOME/(EXPENDITURE) (350) 3,399
RECONCILIATION
OFFUNDS
Total funds drought forward 1,4G8,741 350 2,409/f91
TOTAL FUNDS CARRIED FORWARD 1,412,490 1,412,490
FOR T HE YEAR ENDED31AUGUST 2020
13, TANGIBLE FIXEDASSE(S
Freehold Plant and Motor
property
f		 machinery
f		 vehldes
f		 Totals
COST
AtISeptember 2019 1,847,687 55'7,177 IIS~ 2,523,347
Additions 15425 22,539 38,064
Dlsposals (55,463 ) (55rl63)
At 31August 7070 1,863,212 557,177 85,559 2,505,948
DEPRECIATION
AtISeptember
2019		 263,211 503,481 64,916 831,608
Charge for year 18,632 8,054 12,834 39,520
Eliminated
on disposal		 (55r463 ) (55r463 )
At31August 2020 511,535 22,287 815,665
NET BOOK VALUE
At31August 2020 1,581,369 63,272 1,690,283
At31August 2019 1,584,476 53,696 53,567 1,691,739
Motor
vehldes
COST
AtISeptember
2019		 63,020
Additions 22,539
At31August 2020 85,559
DEPREOATION
AtISeptember 2019 9,453
Charge for year 16,215
At 31August 2020 25,668
NET BOOK VALUE
At 31August 2020
At 31August 2019 53@67

14. STOCKS
2020 2019
f f
Stocks 31,229 34g22
15, DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
f
Trade debtors 454,052 402,393
Other debtors 23/19
Prepayments and accrued Income 27,528
495,399 449,281
16. CREDITORSI AIIBOUNTS FALLING DUE WITMIN ONE YEAR
2020 2019
f
Hire purchase (see note 18) 1'1,382 8,472
Trade creditors 44,268 65,686
Social security and other taxes 26~7 26,938
Accruals and deferred income 685,082 703,939
767599 805,035
17, CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2020 2019
f
Hire purchase contracts (see note 18) 26,456 26,122
Accruals and deferred income 52,816 47,991
79,272 74,113
Deferred
income represents
the fees in «dvanee
sc
be applied against fees chargeable
in the future,		 heme.
This is sash received
in advance for fee		 s which
will
2020 2019
f
Opening balance 16,961 29,776
New deposits
Fee payments (12,870) (22,815)
Closing bala no. 4,091 16,961

Hire purchase contracts
2020 2019
f E
Net obligations repayable:
Within one year 1.1,382 &A72
Between one and five years 26,456 26,122
37,&38 34494
Non-cancellabie operating
leases
2020 2019
E
Within one year 29315 19,315
Between one and five years 2&378 30352
31,693
SECURED DEBTS
The following secured debts are included within creditors:
2020 2019
E E
Hire purchase contracts 37,838 34,594
The hire purchase liability Issecured on the underlying assets.

MOVE MENT IN FUNDS
Net
movement At
At 1.9.19 in funds 31,8.20
f
Unrestricted funds
Genera I fund 1,412,490 98,096 1,510,586
TOTALFUNDS 1,412,490 9&,096 1,510,5&6

Het mOVement Het mOVement In funds, mduded In funds, mduded in the abOve are asfollows:
Incoming Resources Movement
resources
f		 expended
f		 In funds
Unrestricted funds
General fund 1,977,781 (1,879,685 ) 98,096
TOTALFUNDS 1,977,781 (1,879,685 )
Compa ratives for movement In funds
Net
movement At
At 1,9,18
f		 in funds
f		 31.8.29
f
Unrestricted funds
General fund 1,408,741 3,749 ~12~0
Restricted funds
General fund 350 (350)
TOTALFUHDS 1,409,091 3,399 1,412,490
Comparative net movement In funds, included in the above are asfollows:
Incoming Resources Movement
resources
f		 expended In funds
Unrestricted funds
General fund 2~4,336 (2,090,587) 3,749
Restricted funds
General fund (350) (350)
TOTAL FUNDS 2,094,336 (2,090,937 ) 3,399

Net
movement At
At1,928 ln funds 31.8.20
Unreslskted funds
General fund 1,408,741 101,845 1,510,586
Restridad funds
General fund 350 (350)
TOTALFUNDS 1,409,D91 101395 1,510,S86
Incoming Resources IVIove ment
resources
f		 expended
f		 in funds
E
Unrestricted funds
Genera I fund 4,0/2,217 (3,970,2'72)
Restricted funds
General fund (350) (350)
TOTAL FUNDS 4,072,117 (3,970,622) 1G1,495