2020-08-31-accounts

Governors		W R Garment	W R Garment
		D Whitman
		E M SAhmed
		J A T Nairn
		BR Hall
		J R Wood
		N Mason
		D Petal Smith
		M Booker
		Ml lllsley
Secretary	and School Business	AJ I-leywaod
Manager
Headmaster		J Duke BEd	Hone
Charity number		532262
Company	number	01157590
Registered	o%ce	58 Fulwood	Raw
		Fulwood
		Preston
		Lancashire
		PR2 5RW
Auditor		Azets Audit Services
		Charter House
		Pittman Way
		Fulwood
		Preston
		Lancashire
		PR2 9ZD
Bankers		National Westminister			Bank Pic
		292 Garstang		Road
		Fulwood
		Preston
		PR2 9RQ
Solicitors		DLA Piper UK		LLP
		India Buildings
		Water Street
		Liverpool
		L2 ONH

		Page
Trustees' report		1-8
Independent auditor's	report	9-10
Statement of financial	activities
Balance sheet		12
Statement ofcash flows		13
Notes to the financial	statements	14-26

Name ofdirector		Office held	in year			Committees
						attended
M Conlon (resigned	19January 2021)	Chair ofGovernors				AUD, STR, FGP
D Whitman		Vice Chair	ofGovernors,		Chair of	STR
		Strategic Committee
E M SAhmed		Chair of H&S Committee				AUD, STR, HS
M Booker						STR, FGP
W R Garment
BR Hall						STR, FGP
M lllsley						STR, FGP
N Mason		Chair ofFGP Committee				AUD, STR, FGP
JAT Naim		Chair ofSafeguarcfing		&	Child	AUD, EDU, STR,
		Protection				SCP
D Petal-Smith						STR
J R Wood		Chair ofAudit &Compliance				AUD, STR, EDU
		Committee,	Chair of	Education
		Committee

			Unrestricted	Restricted	Total	Total
		(cotes	funds 6	funds 8	2920f	2019 6
Donations and legacies			500		500	3,500
Chantable activities - income			1,747,937	5,272	1,753,209	2,021,074
Other trading activities			11,243		11,243	27,873
investments			424		424
Other income			100,487		100,487
Total Income			1,860,591	5,272	1,865,863	2,052,447
Rxgttntiitg~g; Charitable activities - expenditure		7	1,940,603	583	1,941,186	2,050,555
iiet (expenditure)/income	for the year
ttet movement In funds			(80,012)	4,689	(75,323)	1,892
Fund balances at 1 September 2019			1,517,877	9,019	1,526,896	1,525,004
Fund balances at 31August 2020		15,16	1,437,865	13,708	1,451,573	1,526,896

						2020	2019
					Notes	8	f
Fixed assets
Tangible assets					'IO	1,323,783	1,352,723
Current assets
Debtors						56,184	51,072
Cash at bank and in	hand					397,865	365,716
						454,069	416,788
Creditors: amounts	falling due vvtthm				12
one year						(276,279)	(242,615)
Net current assets						177,790	174,173
Total assets less current		liabilities				1,501,573	1,526,896
Creditors: amounts	falling due after				13
more than one year						(50,000)
Net assets						1,451,573	1,526,896
Income funds
Restricted funds						13,708	9,019
~nr stri I8IUI(008,
Designated funds						1,352,319	1,400,087
General unrestricted	funds					85,533	117,797
6hare capital						13	13
						1,437,865	1,517,877
						1,451,573	1,526,896
Th t	pp	dtytt	'l	t		.zzlv )2ozI

							292D		2019
						Notes	6		6	8
Cash flows from operating				activities
Cash generated from		operations				23		35,192		118,233
Investing	activities
purchase	oftangible	fixed	assets				(53,447)		(141,202)
Interest received							424
Net cash	used In investing			activities				(53,023)		(141,202)
Financing	activities
Bankloans	advanced						50,D00
Net cash	generated	from/(used			in)
financing	activities							50,000
Net increase/(decrease)			in	cash	and	cash
equivalents								32,169		(22,969)
Cash and	cash equivalents			at beginning		ofyear		365,716		388,685
Cash and	cash equivalents			at end of		year		397,885		365,716

2	t)onations	and lega	cies
				2020	2019
	Parents association		gift	500	3,500
3	Charitable	activities	- income
				2020	2019
				E	E
	Gross fees			1,769,056	2,036,921
	Less: Bursanes			(13,258)	(15,847)
				1,753,209	2,021,074
	Analysis by	fund:
	Unrestricted	funds		1,747,937	2,017,868
	Restricted funds			5,272	3,208
				1,753,209	2,021,074

4	Other trading activities	Other trading activities
			2020	2019
	Wire ofschool and hall		3,666	6,360
	Other receipts		7,577	21,513
			11,243	27,873
5	Investments
			2020	2019
	Interest receivable		424
6	Other Income
			Unrestricted	Total
			funds
			2020	2019
			f	E
	Coronavirus	Job Retention Scheme	100,487

Charitable activities - expenditure
		2020	2019
			8
Teaching costs, books and school meals		1,317,638	1,391,818
Non teaching staff costs		300,358	306, 'i 91
Premises expenses		230,866	262,344
Depreciation		82,388	80,221
Governance costs		9,938	9,981
		1,941,186	2,050,555
Analysis by fund:
Unrestricted funds		1,940,603	2,049,449
Restricted funds		583	1,106
		1,941,186	2,050,555
Auditor's remuneration
The analyaia Of auditOr'S remuneration	is as follows:
		2020	2019
		5	6
Audit services		5,200	5,115
Other services		3,818	3,818
		9,018	8,933

Number ofe	mployee	s
The average	monthly	number	employees		during the year		was:
								2020	2019
								Number	Number
Teachers and	Assistants							42	47
Administration								10	11
Domestic								5	5
								57	63
Employment	costs							2020	2019
								6	6
Wages and salaries								1,246,828	1,354,053
Social security costs								107,096	111,964
Other pension	costs							190,849	142,625
								1,544,773	1,608,642
The number	of employees		whose	annual		remuneration	was 660,000 or
more were:
								2020	2019
								Number	Number
80,001 - 90,000								1	1

Tangible fix	ed assets
			Freehold land	Leasehold	Furniture and	Motor	Total
			end buadines	land and	equipment	vehicles
				bundlnesf
Cost
At 1 September 2019			1,694,443	277,493	612,597	22,053	2,606,586
Additions			14,373		39,074		53,447
At 31August	2020		1,708,816	277,493	651,671	22,053	2,660,033
Depreciation	and impairment
At 1 September 2019			688,488	74,036	469,579	21,759	1,253,862
Depreciation	charged	in the year	31,113	18,509	32,69'l	75	82,388
At 31August	2020		719,601	92,545	502,270	21,834	1,336,250
Carrying amount
At 31August	2020		989,215	184,948	149,401	219	1,323,783
At 31August	2019		1,005,954	203,457	143,018	294	1,352,723

Debtors
		2020	2019
Amounts falling due within one year:			8
Fee debtors		11,816	5,973
Other debtors		16,113	3,623
Prepayments	and accrued income	28,255	41,476
		56,184	51,072

12	Creditors: amounts	Creditors: amounts	Creditors: amounts	falling due within one year
						2020f	2019f
	Other taxation	and social security				25,139	25,234
	Fees received	in advance				141,513	63,134
	Trade creditors					39,113	36,818
	Other creditors					4,093	4,882
	Accruals					66,421	111,947
						276,279	242,615
13	Creditors: amounts			felling due aRer more than one yssr
						2020	2019
					Notes	f	f
	Bank loans				14	50,000
14	Loans and overdrsfts
						2020	2019f
	Bank loans					50,000
	Payable after one		year			50,000
	Amounts included		above which fall due after svs years:
	Payable by instalments					10,457

				Balance at 1	incoming	Resources	Balance	at 31
				September	resources	expended	August	2020
				2019
				8
AEN	Early	Years	Funding	9,D19	5,272	583	13,708
				9,D19	5,272	583	13,708
				Balance at 1	incoming	Resources	Balance	at 31
				September	resources	expended	August	2019
				2018
				5
AEN	Early	Years	Funding	6,917	3,208	(L106)		9,019
				6,917	3,208	(1,106)		9,019

			Balance at 1	Incoming	Resources	Transfers	Balance at 31
			September	resources	expended		August 2020
			2019
			E	E	E
General	fund		117,797	1,860,591	(1,844,959)	(47,895)	85,533
Designated		funds:
Property	Asset Fund		1,352,723		(82,388)	53,447	1,323,783
Bursary	fund		47,344		(13,256)	(5,552)	28,536
			1,517,864	1,860,591	(1,940,603)		1,437,852
			Balance at 1	Incoming	Resources	Transfers	Balance st 31
			September	resources	expended		August 2019
			2018
			E		E		E
General	fund		143,847	2,049,239	(1,950,427)	(124,862)	117,797
Designated		funds:
Property	Asset fund		1,302,819		(83,175)	133,079	1,352,723
Bursary	fund		71,408		(15,847)	(8,217)	47,344
			1,518,074	2,049,239	(2,049,449)		1,517,864

Share capital										2020			2019
										E			E
Authorised
13Ordinary shares	ofE1 each									13			13
All the assets are	held	for charitable		purposes		and cannot		be distributed	to the members.		Should		the
company be wound up or dissolved, the assets have to be objects and which also prohibits the distribution ofany income								transferred to another charity or properly to it's members.			with	similar
Analysis ofnet assets		between	funds
					General		fund	Designated	Restricted				Total
										Fund
							E	E		E
Fund balances at 31 August 2020 are
represented by:
Tangible assets								1,323,783			1,323,783
Current assets/(liabilities)						135,546		28,536	13,708			177,790
Long term liabilities						(50,000)						(50,000)
						85,546		1,352,319	13,708		1,451,573
					General		fund	Designated	Restricted				Total
										Fund
							E	E		E			E
Fund balances at 31August 2019are
represented by:
Tangible assets								1,352,723			1,352,723
Current assets/(liabilities)						117,810		47,344		9,019		174,173
						117,810		1,400,067		9,019	1,526,896

under non-cancellable operating leases, mainly in respe	ct ofthe sports field which fall due as fol	lows:
	2020	2019
	E	E
Within one year	2,202	3,432
Between two and five years	1,920	3,642
In over five years	18,360	18,840
	22,482	25,914

23	Cash generated from	operations	operations					2020	2019
								E
	(Deficit)/surpus for the	year						(75,323)	1,892
	Adjustments for:
	Investment income recognised		in	statement		offinancial	activities	(424)
	(Gain)/loss on disposal	oftangible		fixed	assets				8,123
	Depreciation and impairment oftangible				fixed assets			82,388	83,175
	Movements in working	capital:
	(Increase) in debtors							(5,112)	(5,811)
	(Decrease)/increase in	creditors						(44,115)	58,474
	Increase/(decrease) in	deferred	income					77,779	(27,620)
	Cash generated from	operations						35,192	118,233