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|||~Pa e|
|---|---|---|
|Legal and administrative
information|||
|Report ofthe trustees|and directors|2-6|
|Report ofthe auditors||7-9|
|Statement ofFinancial|Activities|10|
|Balance Sheet|||
|Cashflow Statement||12|
|Notes forming part of|the Financial Statements|13 - 19|
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|||||Unrestricted|Restricted|||
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|Total Funds|Total Funds|
||||Notes|2020|2020|2020|2019|
|INCOME||||||||
|Income from charitable
activities||||||||
|School fees||||1,425,639||1,425,639|1,278,682|
|Income from other trading operations|||2a|45,031||45,031|43,895|
|Donations
and Legacies|||2b|106,168||106,168|15,614|
|Total income||||1,576,838||1,576,838|1,338,191|
|EXPENDITURE||||||||
|Costs ofraising funds|||3a|40,532||40,532|40,557|
|Expenditure
on charitable
activities|||3b|1,834,102||1,834,102|1,543,643|
|Total expenditure||||1,874,634||1,874,634|1,584,200|
|Net (expenditure)
for the year||||(297,796)||(297,796)|(246,009)|
|Transfers between funds||||4,877|(4,877)|||
|Other recognised
losses on impairment||of||||||
|fixed asset through
revaluation|reserve.||||||(726,000)|
|Net movement
in funds for the|year|||(292,919)|(4,877)|(297,796)|(972,009)|
|Reconciliation
offunds||||||||
|Total Funds brought forward||||349,619|21,147|370,766|1,342,775|
|Total Funds carried forward||||56,700|16,270|72,970|370,766|
|Balance Sheet as at|31|stDecember 2020|||||
|---|---|---|---|---|---|---|
|||||||30th August|
|||||2020||2019|
||||Note||||
|FIXEDASSETS|||||||
|Tangible Assets||||||1,496,501|
|Investments|||||||
|CURRENT ASSETS|||||||
|Stocks||||||2,981|
|Debtors||||2&772||32,456|
|Cash at Bank and in Hand||||119,964||1,528|
|||||122,736||36,965|
|CREDITORS: Amounts||falling due within|||||
|one year|||9a|(49,766)||(919,009)|
|NET CURRENT LIABILITIES|||||72,970|(882,044)|
|TOTAL ASSETSLESS||CURRENT LIABILITIES|||72,970|614,457|
|CREDITORS: Amounts||falling due in more|||||
|than one year|||9b|||(243,691)|
|TOTAL NET ASSETS|||10||72,970|370,766|
|FUNDS|||||||
|Restricted|||||16,270|21,147|
|Unrestricted
funds:|||||||
|Unrestricted
General|fund|||56,700||(34,714)|
|Revaluation
reserve||||||384,333|
||||||56,700|349,619|
|TOTAL FUNDS|||||72,970|370,766|
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||||||2020|2019|
|---|---|---|---|---|---|---|
|||||Note|||
|Cash flows from operating||activities|||||
|Net cash used by operating||activities||12|(419,097)|(46,397)|
|Returns
on investments
and servicing|||finance||||
|Receipt on disposal offixed||assets|||1,451,361||
|Finance costs paid
Purchase oftangible
fixed|assets||||(42,210)
(13,825)|(29,781)
(47,439)|
|Net cash used in investing||activities|||1,395,326|(77,220)|
|Cash flows from financing||activities|||||
|Repayment ofborrowings|||||(255,825)|(12,133)|
|Net cash used in financing||activities|||(255,825)|(12,133)|
|Change in cash and cash
Cash and cash equivalents|equivalents
in the year
brought
forward||||720,404
(600,440)|(135;/50)
(464,690)|
|Cash and cash equivalents||carried forward||13|119,964|(600,440)|
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|2a|Activities|for generating|funds||2020||2019|
|---|---|---|---|---|---|---|---|
||Hire ofschool facilities||||43,746||40,926|
||Catering|income|||1,285||2,969|
||||||45,031||43,895|
|2b|Income from grants and||donations|Unrestricted|Restricted|Total|Total|
|||||Funds|Funds|Funds|Funds|
|||||2020|2020|2020|2019|
||Grants|||102,283||102,283||
||Donations|from Friends ofBirchfield||3,825||3,825|14,882|
||Other donations|||60||60|732|
|||||106,168||106,168|15,614|
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|3|Total resou|rces|exp|ende|d
|by expendi|ture
type|||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||2019|
||||||||Staff Costs|Other|Depreciation|Total|Total|
|3a|Costs ofgenerating|||funds|||9,885|30,647||40,532|40,557|
|3b|Analysis of|expenditure|||on|charitable|activities|||||
||Teaching Costs||||||898,529|129,998|14,971|1,043,498|943,293|
||Welfare||||||120,384|34,160|241|154,785|131,517|
||Premises||||||53,872|173,320|43,563|270,755|223,212|
||Administration||ofschool||||91,537|177,975|190|269,702|234,526|
||Governance|Costs|||||3,034|92,328||95,362|11,095|
||||||||1,167,356|607,781|58,965|1,834,102|1,543,643|
||||||||1,177,241|638,428|58,965|1,874,634|1,584,200|
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|||||||
|---|---|---|---|---|---|
|Interest payable||||2020|2019|
|On bank overdraft||||32,610|19,286|
|On bank loan repayable||within|5 years|8,978|10,495|
|On lease purchase|agreement|||622||
|||||42,210|29,781|
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|4|Net expenditure/income|for the|year|||
|---|---|---|---|---|---|
||This is stated after charging:|||2020|2019|
||Depreciation ofowned
Operating
lease rentals
Auditors'
remuneration
-|tangible fixed assets
- equipment
- statutory
audit
other services||58,965
22,893
6,250
36,701|47,535
20,937
5,820
16,858|
|5|StaffCosts|||||
|||||2020|2019|
||Wages and salaries
Social security costs
Pension costs|||998,172
79,595
99,474|903,854
74,719
100,944|
|||||1,177,241|1,079,517|
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|Tangible fixed assets|||||
|---|---|---|---|---|
||||Equipment||
||Freehold|Motor|and||
||Property|Vehicles|Furniture|Total|
|Cost|||||
|At 30th August 2019
Additions|2,215,905|4,800|839,142|3,059,847|
|Disposals
At 31stDecember 2020|(2,215,905)|(4,800)|13,825
(852,967)|13,825
(3,073,672)|
|Depreciation|||||
|At 30th August 2019
Charge for the year
Eliminated
on disposal
At 31stDecember 2020|787,600
35,938
(823,538)|4,800
(4,800)|770,946
23,027
(793,973)|1,563,346
58,965
(1,622,311)|
|Net BookValue|||||
|At31stDecember 2020|||||
|At 30th August 2019|1,428,305||68,196|1,496,501|
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|Debtors||||||||
|---|---|---|---|---|---|---|---|
||||||2020||2019|
|Fees outstanding|||||||12,974|
|Prepayments
and accrued income|||||2,772||19,482|
||||||2,772||32,456|
|Creditors: amounts||falling due within one year||||||
||||||2020||2019|
|Bank loan and|overdraft||||||614,102|
|Fees received in advance|||||||156,386|
|Trade creditors|||||21,717||94,357|
|Other taxation|Ecsocial security costs||||||18,708|
|Other creditors|||||9,052||16,700|
|Accruals and deferred||income|||18,997||18,756|
||||||49,766||919,009|
|Creditors: amounts||falling due in more than one|year|||||
||||||2020||2019|
|Bank Loan|||||||243,691|
|Analysis ofnet|assets|||||||
||||||||Fund|
||||||||balances at|
||||||Net current||31st|
||||||assets|Long-term|December|
||||Fixed|assets|(liabilities)|liabilities|2020|
|Unrestricted
fund
Restricted
fund|||||56,700
16,270||56,700
16,270|
|||||0|72,970||72,970|
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|||Balance at
30th August|||Transfer|Balance at
31stDecember|
|---|---|---|---|---|---|---|
|||2019|Income|Expenditure|between
funds|2020|
|Restricted fund|||||||
|Squire Sponsorship
Unrestricted
fund|fund|21,147|||(4,877)|16,270|
|General fund
Revaluation
reserve
Total funds||(34,714)
384,333
370,766|1,576,838
1,576,838|(1,874,634)
(1,874,634)|389,210
(384,333)|56,700
72,970|
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|Reconciliation
o|net movemen|t
in funds to net ca|sh from oper|ating
activities||
|---|---|---|---|---|---|
|||||2020|2019|
|Net income for the
Adjustment
for;|period (as per|Statement offinancial|activities)|(297,796)|(246,009)|
|Financing costs
Depreciation
Decrease/(increase)
(Increase)/decrease
(Decrease)/increase
Net cash provided|in stocks
in debtors
in creditors
by operating|activities||42,210
58,965
2,981
29,684
(255,141)
(419,097)|29,781
47,535
(1,122)
45,710
77,708
(46,397)|
|Analysis ofcash and cash equivalents||||||
|||||2020|2019|
|Cash in hand
Overdraft||||119,964|1,528|
||||||(601,968)|
|||||119,964|(600,440)|
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|non-canc|ellable
operating
leases was:|||
|---|---|---|---|
|||2020|2019|
|Amounts|payable|||
|Within one year|||16,667|
|Between|one and five years||33,435|
|Total|||50,102|
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