||Page|
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|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|
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||||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|
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|||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|
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||||||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|
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|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|
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||||||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|
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|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|
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|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|
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|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|
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||||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|
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|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|
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||2021|2020|
|---|---|---|
|Within one year|25,730|22,192|
|Between one and five years|60,381|47,321|
||86,111|69,513|
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|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|||||||
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|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|
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