| Page | |
|---|---|
| Report ofthe Trustees | 1to7 |
| Report ofthe Independent Auditors |
8 to 10 |
| Statement ofFinancial Activities | |
| Balance Sheet | 12to 13 |
| Cash Flow Statement | |
| Notes to the Cash Flow Statement | 15 |
| Notes to the Financial Statements | 16to 24 |
| Unrestricted | Restricted | 2021 | 2020 | |||
|---|---|---|---|---|---|---|
| Funds | Funds | Total Funds | Total Funds | |||
| Notes | ||||||
| INCOME | AND ENDOWMENTS FROM | |||||
| Charitable | activities: | |||||
| Educational | 2 | 3,264,489 | 0 | 3,264,489 | 3,100,309 | |
| Donations | and legacies | 18,800 | 8,695 | 27,495 | 47,434 | |
| Investment | income | 67 | 67 | 4,692 | ||
| Total | 3283356 | 8695 | 3,292 051 | 3,152435 | ||
| EXPENDITURE ON | ||||||
| Charitable | activities: | |||||
| Educational | 1,732,934 | 4,682 | 1,737,616 | 1,718,161 | ||
| Domestic | 181,717 | 0 | 181,717 | 183,246 | ||
| Support Costs | 1,043,104 | 5,279 | 1,048,383 | 1,171,536 | ||
| Other | 12,087 | 0 | 12,087 | 26,605 | ||
| Total | 2,969,842 | 9,961 | 2,979,803 | 3,099,548 | ||
| NET INCOME/(EXPENDITURE) | 313,514 | (1,266) | 312,248 | 52,887 | ||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought | forward | 3,996,707 | 244,290 | 4,240,997 | 4,188,110 | |
| TOTAL FUNDS CARRIED FORWARD | 4310,221 | 243,024 | 4 553,245 | 4,240,997 |
| Unrestricted | Restricted | 2021 | 2020 | ||
|---|---|---|---|---|---|
| Funds | Funds | Total Funds | Total Funds | ||
| Notes | |||||
| FIXEDASSETS | |||||
| Tangible assets | 4,645385 | 183,320 | 4828705 | 4,972 591 | |
| CURRENT ASSETS | |||||
| Debtors | 10 | 137,696 | 0 | 137,696 | 93,527 |
| Cash at bank | 510,252 | 59,704 | 569,956 | 338,855 | |
| 647,948 | 59,704 | 707,652 | 432,382 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
(588,763) | 0 | (588,763) | (673,780) | |
| NET CURRENT (LIABILITIES)/ASSETS | 59,185 | 59,704 | 118,889 | 241 398 | |
| TOTAL ASSETSLESS CURRENT LIABILITIES |
4,704,570 | 243,024 | 4,947,594 | 4,731,193 | |
| CREDITORS | |||||
| Amounts falling due after more than one year |
(394,349) | 0 | (394,349) | (490,196) | |
| NET ASSETS | 4,310221 | 243,024 | 4,553 245 | 4,240,997 | |
| FUNDS | 15 | ||||
| Unrestricted funds: |
|||||
| General fund | 4,309,761 | 3,996,247 | |||
| Prize and GiAs fund | 460 | 460 | |||
| 4810,221 | 3,996,707 | ||||
| Restricted funds: | |||||
| Bursary fund | 47,361 | 49,793 | |||
| Sports Hall Equipment | fund | 4,345 | 5,794 | ||
| Swimming pool fund |
5,875 | 0 | |||
| Play Area fund | 1,487 | 1,525 | |||
| Espace fund | 92,543 | 94,582 | |||
| Raindrop fund |
91413 | 92 596 | |||
| 243,024 | 244,290 | ||||
| TOTAL FUNDS | 4,553,245 | 4,240,997 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Notes | ||||||
| Cash flows from operating | activities: | |||||
| Cash generated from operations |
380,682 | 255,825 | ||||
| Interest paid | (12,392) | (28,075) | ||||
| Net cash provided by operating |
activities | 368,290 | 227,750 | |||
| Cash flows from investing | activities: | |||||
| Purchase oftangible fixed assets |
(47,851) | (121,584) | ||||
| Interest received | 64 | 5,543 | ||||
| Net cash used in investing | activities | 47 787 | 116041 | |||
| Cash flows from financing | activities: | |||||
| Loan settled in year | 0 | (365,980) | ||||
| Loan repayments in year |
(95,847) | (177,444) | ||||
| Donations received re-classed |
6,445 | 10,876 | ||||
| Net cash used in financing | activities | 89402 | 532,548 | |||
| Change in cash and cash equivalents | in the year | 231,101 | (420,839) | |||
| Cash and cash equivalents | at the | beginning ofthe year | 338,855 | 759,694 | ||
| Cash and cash equivalents | at the | end | ofthe year | 569 956 | 338,855 |
| OPERATING AC | TI | VITIES | |||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Net income for the year (as per the statement offinancial |
activities) | 312,248 | 52,887 | ||
| Adjustments for: |
|||||
| Depreciation charges |
184,197 | 191,715 | |||
| Interest receivable | (67) | (4,692) | |||
| Interest payable | 12,087 | 26,605 | |||
| Donations received |
re-classed | (6,445) | (10,876) | ||
| Increase in debtors | (44,166) | (14,382) | |||
| Increase in creditors | (77,172) | 14,568 | |||
| Net cash provided | by | operating | activities | 380,682 | 255,825 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Activitv' | ||||||
| Fee income | Educational | 3,067,443 | 2,897,764 | |||
| Minor fees and | extras | Educational | 105,167 | 93,095 | ||
| Holiday activity | Educational | 16,823 | 15,868 | |||
| Miscellaneous income |
Educational | 75,056 | 93,582 | |||
| 3,264 489 | 3,100,309 | |||||
| 3. | DONATIONS | AND LEGACIES | ||||
| 2021 | 2020 | |||||
| E | ||||||
| Donations | 27,495 | 47,434 | ||||
| 4. | INVESTMENT | INCOME | ||||
| 2021 | 2020 | |||||
| Deposit account | interest | 67 | 4,692 | |||
| 5. | NET INCOME/(EXPENDITURE) | |||||
| Net income/(expenditure) | is | stated after charging: | 2021 | 2020 | ||
| Auditors' remuneration |
6,930 | 6,000 | ||||
| Depreciation —owned assets | 184,197 | 191,715 |
| STAF | F COSTS | ||
|---|---|---|---|
| 2021 | 2020 | ||
| Wages | and salaries | 1,688,234 | 1,674,957 |
| Social | security costs | 151,734 | 126,313 |
| Other | pension costs | 284,188 | 287,490 |
| 2,124,156 | 2,088,760 |
| Wages and salaries Social security costs Other pension costs |
1,688,234 151,734 284,188 2,124,156 |
1,674, 126 287, 2,088 |
|||
|---|---|---|---|---|---|
| The average monthly | number ofemployees | during | the year was as | ||
| follows: | |||||
| 2021 | 2020 | ||||
| Teaching | 50 | 54 | |||
| Domestic | 6 | 5 | |||
| Administration | 11 | 10 | |||
| Maintenance | 5 | 6 | |||
| 72 | 75 |
| COMPAR | ATIVES | FOR THE ST | ATEMENT OF | FINANCIAL ACTIV | ITIES | |
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | 2020 | ||||
| Funds | Funds | Total Funds | ||||
| INCOME | AND ENDOWMENTS | FROM | ||||
| Charitable | activities: | |||||
| Educational | 3,100,309 | 0 | 3,100,309 | |||
| Donations | and legacies | 45.258 | 2,176 | 47,434 | ||
| Investment | income | 4,692 | 0 | 4,692 | ||
| Total | 3150259 | 2 176 | 3152,435 | |||
| EXPENDITURE ON | ||||||
| Charitable | activities: | |||||
| Educational | 1,709,271 | 8,890 | 1,718,161 | |||
| Domestic | 183,246 | 0 | 183,246 | |||
| Support Costs | 1,166,256 | 5,280 | 1,171,536 | |||
| Other | 26,605 | 0 | 26,605 | |||
| Total | 3,070,393 | 14,170 | 3,099,548 | |||
| NET INCOME/(EXPENDITURE) | 64,881 | (11,994) | 52,887 | |||
| RECONCILIATION | OF FUNDS | 3,913,826 | 256,284 | 4,188,110 | ||
| Total funds brought | forward | |||||
| TOTAL FUNDS CARRIED FORWARD | 3996707 | 244 290 | 4 240997 |
| TANGIBLE FIXEDASSETS | ||||
|---|---|---|---|---|
| Freehold | Furniture | |||
| land and | And | Motor | ||
| buildings | equipmcnt | Vehicles | Totals | |
| COST | ||||
| At 1 August 2020 | 6,081,562 | 619,290 | 54,164 | 6,755,016 |
| Additions | 0 | 40,311 | 0 | 40,311 |
| Disposals | 0 | 14,211 | 0 | 14,211 |
| At 31 July 2021 | 6081562 | 645 390 | 54 164 | 6781116 |
| DEPRECIATION | ||||
| At 1 August 2020 | 1,357,544 | 390,153 | 34,728 | 1,782,425 |
| Charge for the year | 117,789 | 60,410 | 5,998 | 184,197 |
| Eliminated on disposal |
0 | 14,211 | 0 | 14211 |
| At 31 July 2021 | 1,475,333 | 436,352 | 40,726 | 1,952,411 |
| NET BOOK VALUE | 4,606,229 | 209,038 | 13,438 | 4,828,705 |
| At 31July 2021 | ||||
| At 31 July 2020 | 4,724,018 | 229,137 | 19,436 | 4,972,591 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Trade debtors | 49,931 | 5,537 | ||
| Other debtors | 20,261 | 24,199 | ||
| Prepayments and accrued |
income | 67,504 | 63,791 | |
| 137,696 | 93,527 | |||
| 11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2021 | 2020 | |||
| Bank loans and overdrafts | (see note 13) | 108,239 | 108,239 | |
| Trade creditors | 31,787 | 77,861 | ||
| Social security and other | taxes | 38,401 | 37,646 | |
| Other creditors | 375,657 | 432,452 | ||
| Accruals and deferred income | 34,679 | 17,582 | ||
| 588 763 | 673,780 | |||
| 12. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | |||
| 2021 | 2020 | |||
| Bank loans (see note 13) | 394,349 | 490,196 |
| LOANS | LOANS | ||
|---|---|---|---|
| An analysis ofthe maturity ofloans is given below. | 2021 | 2020 | |
| Amounts falling due within one year on demand: |
|||
| Bank loans | 108239 | 108239 | |
| Amounts falling due between |
one and two years: | ||
| Bank loans —1-2years | 108,239 | 108,239 | |
| Amounts falling due between |
two and five years: | ||
| Bank loans —2-5 years | 286,110 | 324,717 | |
| Amounts falling due in more |
than five years: | ||
| Bank loans more than 5 years | by instalments | NIL | 57,240 |
| 2021 | 2020 | |
|---|---|---|
| Within one year | 25,730 | 22,192 |
| Between one and five years | 60,381 | 47,321 |
| 86,111 | 69,513 |
| MOVEMENT | IN FU | NDS | ||||
|---|---|---|---|---|---|---|
| Movement | ||||||
| At 01/08/20 | in funds | At 31/07/21 | ||||
| Unrestricted funds: |
||||||
| General fund | 3,996,247 | 313,514 | 4,309,761 | |||
| Prize and GiAs | fund | 460 | 0 | 460 | ||
| 3996707 | 313514 | 4,310221 | ||||
| Restricted funds: | ||||||
| Bursary fund | 49,793 | (2,432) | 47,361 | |||
| Sports Hall Equipment | fund | 5,794 | (1,449) | 4,345 | ||
| Swimming pool fund |
0 | 5,875 | 5,875 | |||
| Play Area fund | 1,525 | (38) | 1,487 | |||
| Espace fund | 94,582 | (2,039) | 92,543 | |||
| Raindrop fund |
92,596 | 1,183 | 91,413 | |||
| 244 290 | 126 | 243 024 | ||||
| TOTAL FUNDS | 4 240 997 | 312248 | 4553,245 | |||
| Net movement | in funds, | included | in the above are as follows: | |||
| Incoming | Resources | Movement | ||||
| resources | Expended | in funds | ||||
| Unrestricted funds: |
||||||
| General fund |
3283,356 | 2 969842 | 313514 | |||
| Restricted funds: | ||||||
| Bursary fund | 62,250 | (64,682) | (2,432) | |||
| Sports Hall Equipment | fund | 0 | (1,449) | (1,449) | ||
| Swimining pool |
fund | 5,875 | 0 | 5,875 | ||
| Play Area fund | 0 | (38) | (38) | |||
| Espace fund | 0 | (2,039) | (2,039) | |||
| Raindrop fund |
570 | 1,753 | 1183 | |||
| 68695 | 69961 | 1 6 | ||||
| TOTAL FUNDS | 3292,051 | 2,979,803 | 312,248 | |||
| Unrestricted funds |
| Comparatives | for mo | vement in funds |
|||
|---|---|---|---|---|---|
| Movement | |||||
| At 01/08/19 | in funds | At 31/07/20 | |||
| Unrestricted | funds: | ||||
| General fund | 3,931,366 | 64,881 | 3,996,247 | ||
| Prize and GiAs fund | 460 | 0 | 460 | ||
| 3,931,826 | 64,881 | 3,996,707 | |||
| Restricted funds: | |||||
| Bursary fund | 57,383 | (7,590) | 49,793 | ||
| Sports Hall Equipment | fund | 7,242 | (1,448) | 5,794 | |
| Play Area fund | 1,563 | (38) | 1,525 | ||
| Espace fund | 96,497 | (1,915) | 94,582 | ||
| Raindrop fund |
93,599 | 1,003 | 92,596 | ||
| 256,284 | 11994 | 244 290 | |||
| TOTAL FUNDS | 4,188,110 | 52,887 | 4,240,997 |
| Incoming | Resources | Movement | |||
|---|---|---|---|---|---|
| resources | Expended | in funds | |||
| Unrestricted | funds: | ||||
| General fund | 3,150,259 | 3,085,378 | 64,881 | ||
| Restricted funds: | |||||
| Bursary fund | 49,300 | (56,890) | (7,590) | ||
| Sports Hall Equiptnent | fund | 0 | (1,448) | (1,448) | |
| Play Area fund | 0 | (38) | (38) | ||
| Espace fund | 125 | (2,040) | (1,915) | ||
| Raindrop fund |
751 | 1 754 | 1003 | ||
| 50,176 | 62,170 | 11,994 | |||
| TOTAL FUNDS | 3,152,435 | 3,099,548 | 52,887 |