ROuGEmOI SCHOOL TRU LIMrrED GOVERNOILS. REPORT AND FINANCIAL STATEMENTS YEAR EM>ED 31 AUGUST 2QZI Cfjllylly No. 01178886 rity No. 532341
ROUGEMONT SCHOOL TRUST LIMfIED FINANcL STATEMEhTS YEAR ENDED 31 AUGUST 2021 CONTENTS PAGE 13 St*emeth of FIllala1 A¢tiviiies 16 Balance 8hvct 17 Cth flow Btateme 18 Note6 to the 8tatoM 19
ROUGEMONT SCHOOL TRUST IIMITED YEAR ENDED 31 AUGUST 2021 have 411 served in office thmughout the year exttpt where tttdicated. To8th with past Governors th served iti the yeor as indicatc4 tkyare: Cbair of Gov¢rnotJ Mr P HarrAs . awointed 30 June 2021 Mrs S Desai B Phan4 Pharm S. {App. Chair of Gov. INJ116> resiBn&l 30 June 2021 Mrs C Thomas SRN. SCM, JP Mr l G SITh - Yesi8ned 30 2021 Mr8 J A Clth BA(Hons). P.G.C.E. M Tnbbick Mff8 McNallwa (o Mrm Tebbutt •. rnig1d JO June 2021 MrHCIth Mr M Cordnu • Mr R GreeD B.Sc.• (Hon&). B.Ar¢]L. ILLBA Mr P Haffis • MrI HopF BF4' Choir ofFinAn¢e and Gen¢rnl Puw Commitl¢e Mr D Mcclelland • MrD L4mt_ ap]nted 30 2021 Mr8 F Bennett c¢J. apwjinted 30 June 2021 Mr A Koled w. app)inted 30 2021 Mrs W WilliaDk8 C¢. pIDIed 30 JU 2021 Chair of FAwation Conjmittee KEY PEKSONNEL AIW PROFE&8IONAL ADVLSERS CODAPANY SECRETARY Mrs L Pritrh8rd- Head of Pr4) SclxKtrI Mrs S Deputy Head Senior S¢iKX)I CHARITY ADDRESS s Wale$14P20 6QB 01633 8208(KI WEBStrE AiJDrroRS 10 ()en Strtet P EC4R IAG.
ROUCKMONT SCHOOL TRUST LihirrED YEAR ENDED 31 AUGUST 21121 The Royal Bank of Sci)tlan On¢ Kthgsw8y Cardiff CFIO 3AQ SouORs Veale Wbrough BriOL BSI SWS 532341 01178886
ROUGEMONT SCHOOL TRUST L]MrrED COVERNORS? REPORT FOR THE YEAR ENDED 31 AUGUST 2021 annuaj rwrt IncoOting the StratsgiG Rwt the fina1 8¢atemcnts for the year ended 31 Au8USt 2021. The GoYeThw)rs ¢onfinn that the finanGial statenwLts comply with th¢ ¢turiry's gov¢rning documejjts, the Ststement of Recollded PTrctir< (SORP 2015) {second editicn efftive l janu 2019) "Accounting and tiwtin8 by Clwities- and the Companies Act 26. vAJich wu last am¢N]¢d in Nov¢tthr 2015. Goverthg Body Governors we elected at • Mectitig ol the Ik)8rd ot'(ioveny)r8 on the b5 ot e1ved from oth¢r governor8. TriT appointm¢nt is bwd on th¢ir eligibility. pe[wl coniFttenc¢ spxialist 8kill8. At least OD¢ Govemor 18 BIwayB a par¢nt of 4 wpil at the s¢lx)ol. Mrs McNamor4 Mr G)Tthv, Mr Mcclelland Mr8 B¢nnett and Dr Kolba wett all 80ven. dwinB the fllwicial ye4r ¢ded 3 Ilt August 2021. Governots 8erye for a tem of five yeats and arc ejiwlyle for r¢-d¢rtion for iwo subs4u¢llt periods 80 tb&i a Vi¢¢ Chainnjn for a period of five ye4r8 are ellb ts serve for on¢ subsequ¢n¢ perio4 so that a PuYpo8eo Comtnittee) aThl Mr Sknrt IF(rfmu all ffe8ign&J from the Board at the erd of th¢ir tsrni of offi¢e. We would like to thaDk them all for their IOYAI wport over many year8. We DOW welcome Mr IAWI Governor has a child at the Sthool fees Hro pid the 8ame basA8 Q8 oll other paruLts. The GoverJYJrs 4r¢ ¢ntitled to rollp legitim8 exp¢W in¢utt in the cour8e of their duties Governorn. Plea8e reftt to te 17 Induttlon Tralllthl of Governo The G0ven3 proTrid¢ 8tratsgic to the School. They fonDolly $ a Board ai least once a lerm {3 times a year) to detern the genu81 lIcY of th¢ Clwity rrvi¢w its overall n)t wnd ccthl, for Iwhich legally raqponsible. The work of itDpkmenting most of the Board's policies is Carri out by the
ROUGEMONT SCHOOL TRUST L]MrrED GOVERNORS, REPORT (conthiued) FOR THE YEAR ENDED 31 AUGUST 2021 The day to d•YM•n4I of the ScTrM)ol is delegated to the Il& who vKJrks with a Seniormwement Team to USi8t him iti his leadership role. The Direaor of Bu8iW3 and Finance is pErt of his team and reports directly DyTtrnt thToughwt the School strncnc to assirt in the Jnarwgement of the organisatim Wherever sensil)le their own budBtts Twhich are fonDally dele8at&l by tl Head throu8b the Director of Busines8 and Finance. RetnuD¢Trtion for key management is sct by with the policy obitttive providing appropriate inwitives to trage enlwiced perf01ll and of ttw¥rditi8 fairly al respoDfftbly indivi1hl contnbutions to the School's SuCcs. The apFffopriaten¢55 and r¢l¢vatKe of the rcmuner8tiOD policy is reviewed annually. the broader i88ue8 ofpay and eD¥loyment condilions eisewht¥e. approximtit¢ly 300 beads of leading British its4epathi sch(Kils. Tr Dirxtor of Busine&q And Finance is also a member of The Independent Sthools Bursm, A8110n which enable8 the sthLx)I to b¢ kept abreast of best rnana8et practice in wdqJ¢nd¢nt 8¢kn1$. The Scbool is a]$0 a m¢mbef of i nwnber of other professional bodi¢s including th¢ Gov¢rning Bodiej, Association and the Welsh Independent schIS. Council. The S¢knl ptovides use of its fxilitie% to & numbttof yrtiD8 dubs and as80¢iationg ¥ well as pmvidin8 STRATEGIC RKPORT The obie&t of th¢ Charity 18 the thatio4 for the wblic of cthildrn betwten the a8e8 of tbree ITMI eighte Str•¢eRl¢ Alm Jntended Effe¢t The PrIn¢jp Alrn Rougemont School aim8 to help e¥h wil reali his or tal4] by offNin8 qn all.round
ROUGEMONT SCROOL TRUST LIMrrED GOVERNORS, REPORT (eoDthiu¢d) FOR THE YEAR ENDED 31 AUGU 2021 Aeademk Dev¢lopm¢xt of each pupil and to help e4ch pupil to develop an will and ifylq)eknt mind. In pursuin8 thes¢ 4itits tb¢ SCI1 h&fj the followi£ objective8: to help each pupil to deVd Trthb1. to enable each pjpil to tackk work Indepe1¢nY and to &velop tbe think 1ndWny. to stimulate i¢ll#lal ¢uriosity&thl Flp deveky eJ4uirin8 minds a dcsirc tD I to t¢ach each pupil to communirAte ¢tively in writiD8, Speech and acti to h¢lp each pupil to 4uire & seALqe of by encOu1n8 th¢ ability to re li8to obsejve to help each pupil to delOp talcDt4 skills and iniere8t in ai¢ dram4 literturc. DIU8iC, mAnual and trthiic81 skill& sp)rt and a wi(k of hobbi¢8 by encow41 creative and recreation purnuits both Inside and outside h0o1 titiw. PenoJa] Ind sod Development Rou8ernOllt School tims to have • mive influeuo on the developmont ot" ea¢h wil'8 cbarxter or p¢r80nality 80 as to enable him w hez to bc a e(l membtt of xKiety Bnd to be preparcd for the world school. In pur8uin8 aim8 the Scknl has the followin8 obJ'e£tivc' to cncoura8e self4i8cipline and a scDJe of r¢swns&)iJity. help pwil to d¢velop as on ifyliyidual 8row ID I1¢p. confidenc¢ and 8¢1f. to equ) pupil w us¢ his or her kiswe time ctiVely. enjolY pmfitjbly. to h¢lp eachpupjj dcloP his or knphysic41 abilits4' relatioL8hips based u1 8¢nsitivity. tolwaS 8sxJ will and a Se1 of bullxjur, to teach pupils to th c¢ of their #nd physi¢al envimiin to help to X44UiTe a 6et of . to help pupi18 to the spirits dime of lifr.
ROUGEMONT SCHOOL TRUST LIMfTED GOVERNORS, REPORT (conthiu¢d) FOR THE YEAR ENDED 31 AUCUST 2021 ObJetha for the YeAr. The Board's main objective duritig the year continued kn be to educate all the Sch(h)I's pupils to thetr maximum potential. This illclude8: to provide pupil$ with the opportUDity to take rthazthge of a bJe•Jth of Ctr¢urr1 activities in order to develop positiv¢ly all ofthetr chartr, to provide pupils with the ¢)pp)rnmity to tske de£isions on their own judgment to comtillwte th08e dcGisions oppropriatrly aod effKtively. Thc 81rategy to achieve thkq IS w mainthin a low p¥il to teth rntio and to provi& coTtsIuiD8 profegsional de1>ettt to staff to ¢nsurn the srknl at the forefmnt of e41ucational plartic PrIne1p Aetfvlty The School's Frlli¢ipAI a¢tivity ¢oJthuu to be the w>vision of a co*111 Day Khool for pupil$ from 3 to 18.
ROUGEMONT SCHOOL TRUST LItTED GOVERNORS) REPORT (COD¢IDued) FOR THE YEAR ENDED 31 AUGUST 2021 A4evd rrsMl4 of the exam entrlej achleyed A_ grth (rAtional 201Y average 52'A). AIA 77% (2019 national 26%) and 44 /• #ebleved A grdtt (2019 national VA) OUT bu¢ tr. The majority of our Economtcs, History. Journal Mathematic4 Medicllle, Nabjral S¢le¢s. Vetaillary Sciellc¢s ynd many more. ASlev¢lTC5ults also prrthed the but v¢r ff¢•MI(1: (DlOnl averllge 19%) and 88•h Tyere gred A gradu. The GCSE rnults wcrt outrtXDdth%' this jhed ttwty in year 10 who wcrc entered for Maths & >t4r early. 66% achieved AIA * (2019 nation41 18%) aA 44•A ¢hl¢v¢d AI2019 R•tloD•I 6•/•) BEST EVEILIt I(Kyh of all pupils le}r&I ll minimum of 5 A . C TlUdIng Englb Mats (Natioll 52%). The Yw 10 top get mathwlics rn 8At mathemat GCSE ¢xrnd ¢x•m a year early. and all the irDUP a¢bleved A gradw all excell xhieT4emenL TTrtnty.¢Thv pw?i18 vKre Jele£d to reweI wakK iti a wide r•n8e of Sh]ng musi1 di8cipliN& Effeets of Covld 19 Pandemle M F41uedon provhl Durin8 the lockdown ov¢r the Spriti8 Term our onune l¢•rn1tt8 provlslDn w¢ b¢liev< eXllen( in tenns of education and surn The vast majority of wpils rose to & chauenge in awtsD8 the ¢h4ngts to their ticaden p]a¢fonn (Gwl¢ cla88room) adaptL71 v4¥y 9u¢cwfully to a rw thythm of learnitig. 'll* School retllrn on si¢¢ the SummttTernL CXW wiority was the 8afrty A1 wellbein8 of our Rou8emont family. The aim was tts make $ll pupils. staff and pats were prepared. mejrtally, ¢motioMlly and prxti¢ally. The School wa$ deli8btrd with the progR$8 the v•8t llwiority dwiti8 this unus difficuh rnoniknr the pupils closely. wlkil$i always of 1ndiTridu C1M518A¢ and extremely keen to $uppoii and to continue ihe of Gire for tbooe P11$ with vknom we contTnu¢d to bave wncerns. The learnin8 to up on-site. iY¢w Developments Sch(x)l. P]att8 are tn plg for wid¢5 to the Sp)Tts Hall r( ljantstrarn Hau and to replace the Aatroturfdwill8 2021r22 in J1¢10 to other lti8 plon& Adtsfi frx j[C yea
ROUGEMONT SCHOOL TRUST LIMITED GOVERNORS. REPORT {continue4) FOR THE YEAR ENDRD 31 AUGUST 2021 PrAndple aDd Ux¢ertlnlles Coronavink8 Pandemic und the affordability of fees by parnts across the itiWt sector to b¢ th¢ pjyncipk risk faced by the S¢101. Despite tbe levels of e£onoThi¢ ull¢¢MaiAry pupil numbers bave si8nificaDdy iti¢1¢ over the pa8t f¢w years. CurTtDi numbers aTe d¥ite the Cts of the paThlemic dats. though diffilt to afford school fe¢$. The 8chwl has on ¥¢tiv¢ m8rketin8 and strategic plan ty incrc pupiI nuttthern. Retu)tion of pupiLs is key to futwe wil numbers. Th¢ Governitig B(xly last apwvcd a fee Ie•Se in September 2019 of 4% and for jUary 2021 a fe¢ Ire of 3Yo fo 9 1% from ye4r8 11>13. He41th and Safety is alwdy8 a significant area for rKk nJallageDW)t. Tr risks range from fire and iDfTrstr kn pa8onal risks (nM)8t notably when away from the school OD trTp8 8ryJ ¢xptditiOnS). Th¢ level and bre of adivity ai th¢ Schwl 18 iuJpr¢8sive and thc Tisks associated with all a¢tiviti¢S minimi8ed by thorough plaonillg and risk aBSe8m. The 8chool developed A separnte COVID Risk A$6wm¢ttt to miti8ate the Tisks from this pandemic. ¢ontro18 to miti88tr and Jrmitor th0 risks tbai are a88e88ed 85 big The 8t1¢ ¢ontro18 Used by the Sch1 t Forn] wiitlen wliri&4 Includin8 cle4r aUtknltioll Oj approv•1 kvekn. risks for the thoL PThANc REV In¢4)me for tkn rn totslled £6,691,141 (2020: £6,841827) ditse to £6251.027 (2020,. £6.518,669) resulti ina of £440,114 {2020: £323.158).
ROUGEMoNf SCHOOL TRusf LlhtiTED GOVERNOKS. REPORT (eonthiled) FOR THE YKAR ENDED 31 AUGUST 2021 FINAY4CIAL REVIEW (eonthiied) offset somewhat by thc School thkyng advanta8e of the Furfough schetne for certain stsff. nltsIY on the non te&ching side including catering stsff, bus drivers etc where the ttow retttving no incoJll¢. Al80. the scknol tt)ade 8i8Dificant eff1Y s&vio8s as a regjh of th¢ closur¢ all of vknich helped & school maintsin 8 trodin8 surplus at the ejjd of the finla] . and futse pla08 w be Jn¢t out ofplanned numbeTr ofpupi18 And fiJwKial resourrx8. Rewve4 Polley manwent of risks athj Conting¢1¢& At 31 Awgust 2021. the unreBtricteA funds of Rougemont School were £16,(M)5,995. The s¢knl ¢urrcndy bas DO free fEscrvts L4 all amounts are WrDIed by the value of fixed assets. On 4 pra¢tic41 level. l1Tre rnaDy indcpetht scTr¥)ol4 the goveTnL)Th continually as&eB8 the ruwla1 resi1M of the h0o1 through c108e monitoriti8 of termly cashllow and th¢ governors llr¢ content thaL ROUGEMONT SCHOOL AND THE COMMuf4Tfy (PUBLIC BENEFfD The School rernai ¢ommitted to the aim ofproviding public b¢n¢fii iti 8¢cordu with its fouDdin8 prin¢ipl Clwity le8i81ation I]ud¢S u rEquirnt dernTh thlt publi¢ benefit for any c1ble purp08¢ wher¢ is th'wlo¥ure of our public brnefit IxtiJ& The GovernoTr would like to coofirni tbat hAv¢ paid th resard to the Cknity Commi88ion's statiitory guidance, on pub]ic benefit in thiding whai ad1vi5 the School should UDd¢rtth. The Gov¢nxJrs have alw&yB consid¢r¢d that th¢ 8ckwl #boum strive to play ll full and responsibk pth iti its 10¢o1 community, JtriviDg to pursue its ¢lwritable objttts within and the c4)nfinu of its priwi1 y8 in wbi¢h the Sc]M)ol hl¢Ve0 this aim are a8 follo Thc S¢Fthl wi8be8 kn rk all li Can to widen access th¢ 04watiO ojwtiiDitie8 il offer& and to this etMI The Sclwl swxkd 54 (2020: 51) thilthen the Bwwy Sch¢ in thE pr ended 31 Augu 2021. th th¢ Hcad redllc 81)n fee Ion by £310322 (2020.. £321.694). The Sch1 all it prnctiG4IIy call
ROUGRMONT SCHOOL TRUST ijrrED GOVERNORS. REPORT {CODttDu¢d) FOR THE YEAR ENDED 31 AUGUST 2021 ROUGEMOIYT SCHOOL AND THE COM[u (PUBIIC BENEFif) (¢ontinued> 2. Schol•rJhlp And Headma•t¢r (eonthiued) between a IA and 25% scholarshry? vthich 18 applia to feas for 2 and 5 Ye8. ThT8 sale Supp}rt 84 (2020.. 88) childrcn and rthed awn1 fee income by £202.759 (2020.. £202.570). Ckarltsble lund-ral Rougemont School 4 strong sense of comTnuntry atra tbrou8b the enthuswts"c sUPPOrt of pupiLg. stsff and parents participates in 4 wide rn¢ of ¢horityble futyj rnisiti8 events thrOUgbo the year. Charities which the8¢ activitie8 8UPPOrt are usually 8¢lected on & grounds that tlry complement the obje£ts of the School and that Tkn4h thcs¢ ¥tivAties ehildren continue to gin an ap1110ll of the Ted8 of oth¢r3. This charity link ha8 fed into matty arw of th¢ FoUth1 Pb•fje CU1¢1U such 48 and Knowledge and Underth¥ of the World. We ¢th)linue to suiTort the prilpks of Global Cltrzeth through our fundr18 for schools in The Scllior Scbool also protMte8 and supports glxxl ¢aus¢s tTrrt it8 fithi$in8 efforn. The various ¢bArlty events Aerom the Ivbole •ehool th1• y¢r bav¢ rnised a of £735. Th¢ d80 allowed its facilitie8 to be qed for a range of external fidrsing ¢v¢nt8. A d¢tyil¢d OttY$l$ of the fill)d rni8iti8 is detsiled below. It From I SeptfftDber 2020 to 31 All 2¢lli sd] support&l the followin8 clwitie8 dtrough it8 2021 2020 Alzbeirner'8 Society Au8traJiall Bush Fire 114 980 Children in Need Children it b*k 493 1401 31 500 52 57 54 46 204 50 263 1064 2159 55 52 Littk Ptinc¢s8 Tnwt Latch Make A Wiqh Save the Cbildren St David's Hospice TeJKIvus The Silver Fox Re&ue The Trtt Couttcil 242 V¢lindr¢ Ho4)itAI 156 374 735 7.732 io
ROUGEMONT SCHOOL TRUST IllMED
GOVERNORS. REPORT (CODtlnued)
FOR THE YBARENDED 31 AUGU 2021
ROUGEMONT SCHOOL AND COMMiJi¥rrY (PUBLIC BENEFrr) (thI•1)
Care¢r dev¢lopJn¢n¢ workpltte
of their teacher or childcare traini1. The thl dtrk closely with its DeighbouT5 in th¢ lo1 ¢4MllmUtiiiy &% ppxt of its ethos of
revo]lity withiti the wider COD)munity. The SCI01 alw Ope its f•¢iliti¢S for use to th¢ general public.
through local sponit4, and dran grow. tting of fa¢iiiti¢8 for these a¢tiviti¢s 18 giv¢n in sonie coses
free of chfir8e or charged at COD¢e8S1 rntes to ellabk as many ustr to eqioy the ¢xcelknt
fa¢i]iti¢8 RoUguYt h98 to offer.
Svln8 to the Pllblle Pw•e
The School relieves the pre48pJre to prode plx¢s in tb¢ InauM se¢tor by tnd¢p¢tsdenUy educating 580
children, of compu180ry 4chool whith Ved th¢ pJbli¢ pur8¢ an e8tsmated £2.697.580 in the >rar ended 31
Au8U8t 2021. Thi9 illustrntive estinute is Calcu by assuTrJing A rnt¢ of fA.651 ptr place in the stste 8ector.
PLANS FOR FirruRE PERIOD8
The Bo8Td's detsiled dir¢¢tirn fr) the and Senior Mryerncnt I'eATn for the TxI ac&Jcynic year
ren1 Unchanged. Th¢ of Pfini¢ulAr ititrrest alba Attraciin8 priority duriD8 the tt S yt4rs arr:
Wldemlng AteeJ•lblllty
The School is to wntiDue its effffits io widen accessibijiry. The School's continued ¢OTnmitment to
importan¢e of knin8 the School's first class facilities kn external org&ni5alions, such a8 eommunity
ups. sEMxts club4 holiday dubs others r•mai of inllllense in the S¢hool'&
Academlc Su¢Te•
reactive and preventative nwian#n¢¢ of th¢ buildi088. fixpjres. fitiinp and 8round8 of Rougement
SchooL Durir4 the COmiDg five )Tar8 thi& rqDainahi8l&wiority.
Improv¢rn¢nt otFaellltks
li
ROUGEMONT SCHOOL TRusf LIMITED GOVERNORS, REPORT (eonlthvd) FOR THE YEAR ENDED 31 AUGUST 2021 COVERNORS, RESPONSIBILITIES Are responsible for prepaTing th¢ GoveTllOTS' Rep)rt ond th¢ fill81 staiements in aceordane¢ with appiicable fair view of th¢ stale of affiir5 of the chwritsble GO]nPY 8nd of the incomiDS re50urcts application of resources. includillg the inwrne and expenditu. of the charitable con]pony for periosL In Preparing thC Select Suitable xcountint po]i¢x6 t1 anjly tlm¢otis&WtIy. Obfjeftve tk rneth atsl pr1p1¢S in the Charities SOKP: Mok¢ judg¢me4llS and ¢stinwtes tFot are Ye&sothl¢ atbj prndett(' State whether 4pp]icabk UK Accoutitin8 Standarth hav¢ b¢¢n ftlllort bit to maternj any limc thc finatic1 position of the charithble cOn]Y and cnoblc thcm kn euure that thc financial ststcmcDts comply with the Con4)Anieg Act 2(K16. Thry Are a180 repOnk for safr8Ua the a85ets of the ciJAritsbl¢ In 80 fir48 w¢ oThwe'. There 18 no 1cVSl audit InforntiOn of vthich the choritabk conwgs auditor is unawore" aDd The tru5¢e¢s b#v¢ tsken all 8*P8 tha¢ they ought to have tAkeL to nmke themgelves aw¢ of any r¢levaDt audit infotion and to establistrL the auditor is awATe of that inforn)ation. ill¢luded on the Charity's website. LLgisiatl ill the Unit¢d Kingdom goveJning the pr¢parn¢ion and AiJDrroRS The Governors. report including the 5tr•tegic rwt w¥s approved and authori for i&%ue by th¢ Board of DiTeCtor8 (Govern) at its meetin8 on 2021 and sw%d on ILS b¢ha]f by. 12
INDEPENDENT AUDrfoRS' REPORT TO THE MEMBEILS OF ROUGEMONT SCEOOL TRL'ST LINflTED Oplmlon We have auditcd the fiall AatemeDts of RjgU)nt Scknl Tntst timid for the year endcd 31 August 2021 whiGh cOn]pT the Consolidated Statement of Fin181 knivities. th¢ CorJ)lidaba and Conwy Bala¢ Sheets, CoTr40lidated Staknent of Ca8h Flows 1¢$ to th¢ fuwll¢ial ststern¢nt8. iuluding E4 SUMM of sigDific8nt aecoullting policies. The financial T¢wMiD8 that has Ixen applied in their preparation ts Applicable law and United Kingdotn AUnting sta]rds ihID8 Financial Reporting Stsodard 102 TheFuwRewlReporting SmIrd0pP1b1e in the UKandRwublkoflreland (Unit•l KiD8dom GeDcfAlly Ac4)ted Accounting Prxtice). givc a t¢ #Dd fair view of th¢ #ate of the 8r0.3 of the paTrytt chwitsble ¢ompany'8 affairs as at 31 August 21r21 and of the group's and parent cbaTitable ¢ompony's net nx)v¢m¢nt iti funds, includin8 Prnctice.. and for oplnlon We &xthted our audi¢ in with Standorth AuditiD8 (UK) (ISA8 (IJK)) 8nd applicable law. reswinsli Jilitiu d¢1 thos¢ stsndard$ are ffijnher de5criW in Auditor's rc$ponsibilitieg for the audit of the fin¢11 at¢m¢nts s¢¢tion of wr r4hxt. We are Illdepe of the cbarity in wrdon¢e with the ethical requiTem¢nts that are relw¢ to Ij1( of the ruw181 stawnenty io the UL iluding th¢ FRC'S Ethic41 Standax¢ aod we have fijlfilled other ethical responsibilities in 4¢eord4nce with these requireDWnts. We believe that the audit evidence we have obthi1 18 8uffi¢ient atyj 4wrwte to provide a basis for ¢)ur ¢)PiniC Con¢1•0 relathg to gokn8 COD¢4rn In auditing the financtal statementy we have concluded that the tsWt¢u' use of going rcern btsii of Ba8ed on th¢ work we have pufornrt we have TK)t idenli6ed aoy llter1 uncertainties reIating to ents or ¢Otltio1Lfj thai irMliVY or o)Ll¢ctively. may significattt &)ubi on the gr0'S or parent cbaritsbk ¢ompanY¥ ability to Continue as a goiDg ¢%rn for a of 8t leart twylve m(ffLthB from th the fu111 Other Infonmtio in the Governors. Annual opinion on the fKiAl (knes cov¢r the other infornjation corKlusioJ) our knowledge obtsined in the audit orot7xr a]yeaTS to be nIatry MISS If we identify such m&teri41 Oplnlolls on Other matteTh Prrfbed by the CompADkn Act 20 13
INDEPENDENT AUDITORSI REPORT TO THE MEMBERS OF ROUGEMONT SCHOOL TRUST LIMITED (coiYfiNUED) the irnfomation given ID the Governm. ReF#Xt (whl¢h In¢oryKJTat¢s the stsxtegi¢ report and the directors, Irport) for the finla] year for Twhich the finla1 thtettKnts are prepar1 is consistent th¢ Gov¢morn' Report (whicb incorpxatrs the stratwc reiKI a1 the direc. Irprrt) has been prepared in a¢¢ordao¢¢ with amjlicabk legal requilettn MtttrB •D TYbi¢h we r¢ r¢qulr¢d ts report by ¢xe¢ptlo• In th¢ light of th¢ knowlcd8e and utrjerstsnditig of the group parent chwitsble wTupAny and its ellvirotit oblDed in th¢ ¢oursc of the audiL we bave not identified rnatrlial mi$$1atsnty in th¢ Governors, Rep)rt (wht¢h InrpOrateS the straiegic report al the dirertors. Teport). We have nothing w repozt in re5pe£t of thc following matte48 iti relltion w wi¢h the CoMparri Act 2006 requires us to rep(Kt to you if, in ouropin1. adequate Ac&¥>utititiR records have not been kw by the group OT psrcnt clJaTitable company certsiti disclosureg of GovemoTS' Temunrtion speeified by law are not Mt. or hthve not rettived all & inforn]ation afyl explaDatiOn8 W¢ T¢qUiTe for our audit. R¢wwlbllldei ortnutee8 for tkn •tatements As explained more fully in the GovemoJY' r¢sponsibiliii¢$ $thtenl ofi pg8e 10 the GovvDors (VA are a180 the d]rlOr8 of the group and pareDt ¢lwi¢Jbk ¢on4Mny for th¢ purwm of con4Mny law) are resfv)tisibk for the preparation of thc fin1•1 stat¢meDts and for b¢in8 8titi8fied th&t they give A tsue and fair view. al for such In prepaTiD8 th¢ fl1wl&l 8tatrmen4 the Goveny)fB are respM)nsiI)le for asse&ing the wup's and parent harilable wnpany's ability to continue a going con¢¢vn. dis¢losin& as an)li¢abk. m&tteYs related to going Auditor'i reJponilbllhkJ for the Audlt of the fllln¢knl t¢ents Our obiectiveB Bre to obthill reay)nabl¢ 86Wtwv aiKJut wlth the final]1 8tAtrments &8 A whole are free from material misslatem¢nL whether due to fra or errrff, to isgue an auditor'5 T¢POrt that in¢lud¢5 oiir opinion. R¢&wnable awujnce is A hi8h level of Iur, bui is D)t a guar8Dtrt an fiudii conthd i including fiRud Th¢ extent to which Lmtr pro¢thes are c4pable of detr£tiDg irregularitie4 Inclthng fraud i8 detai bebw. sth8uwditi8 re8uknIo health and safety law. GDPR 8nd al10Yent law Ittd CO]red the exlenl to Act 2006. the Act 2011. p*ymll tsL 14
INDEPEI¥DENT AUDITORS REPORT TO THE MEMBERS OF
ROUGEMONT SCHOOL TRUST IJMrrED (CONllNUED)
¢IxtlIanCe with laws regulation and frau4.
R¢vi¢w of rninutcs of relevant governor Mting$ during thc pul1.
Evaluating manag¢]n¢nt'5 wntrol$ desiykd to prevent and detect iwlaTitie6'
Ideotifyia8 and testing journals. in pw¢iadHr journal trieS postrd WAth unusual ac
ROUCEMONT SCHOOL TRUST IJMrrED CONSOLIDATED STATEMENT OF FINANCIAL ACTtv FOR THE YEAR ENDED 31 AUGUST 2021 IIDcorpor•dllg IncoDAe & E3pendhutt Attoul) Unrejtrleted hnds G¢ll¢r Dety14ted Fund• Fund• Totsl 2021 Total 21120 ¥COME FROM: Cbarllble Aetlvltles S¢hool fee8 6225.593 284.514 6225.593 284,514 5,739,735 525,384 Other Traditig Aetivltle# Other incorne 35.640 35,640 109,0 Invutment Iniomt 41 41 580 In¢ome from Dtsnath and IA8*d Grants and donations 145,353 145,353 467.068 TOTAL INCOME 6,691,141 6,691.141 6.841,827 Rlitt¢ Frtndl Tradin8 activities 10.046 10,046 27,784 Cb•rlt•ble Aetlvld E41ucation and maknD8 6240.981 t5240.981 6.490.885 6251.027 6351,027 6.518.669 NET ll¥COME BEFORE TRAi¥SFER8 440,114 440.114 323.158 (663.853) 663.853 223.rJ9 663.853 440,114 323,158 RECOY4CILLIATION OF FUNDS Fund8 as 8t I 2020 7229J04 8336548 15.565,852 15242,694 TrIINDS CARRIED FORWARD AT 31 AUGUST 2021 15 7.lJ)5J65 9,000,401 16,005.966 15.565,852 Ststement of Activities is requirryl 16
ROUGEMONT SCHOOL TRU IJMiTED cOmpY number. 01178886 CONSOLIDATED AND CHARITY BAIANCE SHEETS AS AT 31 AUGUST 2021 Ch4rity 2021 2020 2021 2020 FIX ASSETS Tan81le usets Investttth in Subsidiary io J7,635.746 17,956914 17,635,746 17.956.914 Stock 2656 98.998 2.345J77 898 234.849 1.31x1.804 1,758 115.434 2.327.367 li 252.260 1279,999 Cash at b3rk ond 8hort tenn depx'ts 2.447.031 1.53&551 2.444.559 lJ32,259 CREDfroRS'. arnowtts fallll¥ th within y 12 (830204) (871.709) (827.735) (867.419) 1,616,827 664,842 1,616,824 664.840 19252J73 18.621,756 19252.570 18.621,756 cREDORS. amoullts faUin8 th 13 (3246,607) 13,055,gN)4) (3346,7) (3.055.904) NET ASSETS 16,IX15,966 15565,852 16,005966 15.565.852 FUNDS 15&16 7.5565 7229304 8208,339 7229304 15&16 9.0(X).401 8J36.548 7.797513 8,33t5,548 I&5966 15.565.852 16.(X)5.852 15,565,852 TOTAL FUNDS 16.CQ5.966 15565.852 16.(b)5.852 15565352 2021 P Horri8 17
ROUCEMONT SCHOOL TRUST LIMrrED CONSOLIDATED STATEM OF CASH FUPWS FOR THE YEAR ENDED 31 AUGUST 21121 2021 20211 CASH FLOWS FROM OPERATING ACTIVITIES N¢t eash Inflowl(olltllov4) from optrdoni Net cash provided byl(used in) OPUBti a¢tiYits48 1.129J27 513,393 Cajh Ilowi from Invoth Kdvllla Payments to awire tall1¢ fixed 48sets RKeip¢s on dispwl of fixed Investment income (80.694) (154,023) 4.750 580 41 Net (n#d thyprovlded by Invuthg Ictjvill {80,653) (148.693) C•h Inflow before ilnud 1,048,674 364,700 Cuh Ilowi from fAn•n¢l8 Aedvlthi 138,412 (2H.961) Net itiflow1(ouOw) in rewi of finw (14.656) (127.857) (14,656) (89250) FinAti¢e c08ts pwd N¢t ¢tsb infiowl{th) ftom fiDWKiD8 (4,101) {348,866) Change In and euh eq•fvk•ts In the l.lJ44.373 15.834 C*th and uib eqMlvthJts It th¢ of lh¢ r•portlJi ptrlod 13Q).804 1284.970 Cash alld ex>h equlvaienlj at the of th• reporthig perlod 2.343J77 1,3C4J,804 18
ROUGEMoNf SCHOOL TRUST LIMrrED FOR THE ENDED 31 AUGUST 2021 ACcOiTNG POLICIES applicable in the UK and Republic of Ir¢]aDd (FRS1021. the CompatiTes Act 2LK)6 and the Statemeni of Rwrting Styndard a11¢•bI¢ in the UK aul Republic of Irela1 IFRS 102)- (SeeoTMI Editio effective I JallU 2019). As h1ghl18ht tn the Governw8' Rqffj haviD8 asgesyed the S¢hLX)I's finan¢ial p)sitio the plang for the fore8¢eable fulur¢. the Tisk8 io Ythich the Sclb)ol is w08ed aTrJ the d¢tailryJ projection8, the The functional of the Seknl is colder•I to be GBP th•t 18 the cUY of the primary The Schwl is a Public Bewfii Entity regi8kn1 ¢lwity iti Ets8l•NI and W•]e8 •nd • eomp8lly limited by gullrBnttt. It wa8 irted OD 29th JY 1974 (¢cqllpwry number. 1178886) and repstered as A huEity on 24° 0¢ts)ber 1974 (cth&rity 532341) Crld¢•l A¢¢ouDtlni JudgemenlJ kny of e•dwtlo• unetrtthty ID the appliGqtion of the accowiting polici4 Tntstres are requirtd to make j1 e8tiniat4 Attd a88un)ptioDS about the carying value of and li]]111¢$ th81 are not readily apparent from other ¢#imat¢s att reeogniA•J An the picd in whicb the e¥tirn4 18 Tewd if the revi8ion affects only thai The ¢conomtc lives of tao8ibk fixed 9ets Ere based OD llk8nagement's jtsdg¢ment and experience. to l¢ll141¢ depreciation. that cbarye is adjusted r¢trosFwtively. AIthou8h thwble fixed 15¢5 are 1.2 lll¢ome of Igip( ha bccu satisfiol 19
ROUGEMONT SCHOOL TRUST LIMrrED NOTES TO THE FINANCIAL STATEME3 (£thIed} FOR TUE YLIR ENDED 31 AUGUST 2021 1.2 Ineome {eoMthi•ed) Dontlons •nd le8adu And Ot1 voluntAry ltteome Volunw incoming r¢SOu are a¢¢ounted for )d when entitleme atises. the amount can b¢ r¢liably quantified al the eccq¥)nllc the School is coL%idered proboble. Subject specific wisbes of the dory)Ts uedi¢ed to th ffl¢vath Restricted th¢ 4moun¢ is ljeld AS experthle capithi, or to Ellth7 Funds. Leg4¢ies )re rxogniJJ when the Scbool ba8 entitl to thc fu, the amouttt can be re]iably quantified WMI the economic benefit to the Sclh)ol 18 ¢INtsi(le¥ed prob4bl¢. FAtit]ernent 18 the ellrlier of the Fe¢8 thll•r earned Ancojlle Fees reKeivable and charges for servi¢¢f ond use of thc are a¢¢oullt¢d for in year in which the remi&8ions allowed by th¢ S¢hLX)L Deposit8 are included gs a liabAJity until or. on ¢¢asin8 to be r¢firytsbl¢ off ¢rnJil¢d to IJ £e]Htre make a pallent to a third pty afyl the of obligation be Meas reliably? cxp¢nditW¢ 18 Alktrd to the appmpriat¢ iwdings re1ct to the cknlthble activiti on a dIrt bllsis. Supp)n costs mainly repxe8ent off¢ adrniill5tratioD. ]fftcoverable VAT is chaTEal to the Ststcmcnt of Financiol Activities as inallr. Governance eost8 cotijw the costs of rurllJill8 the ScknoL 8trnte81¢ pIAtming for its futrwe devclopmeni extrrnal audil k8al advice and all the costs of complyiti8 with School IludIng sthrie4 cateri premises welfare costs. Cos¢B of rJi&ing fiwdB include IA TAllTrIC Flxed Anets D¢pr¢datiOA All fixryl assets are inittajty recorded COBL RevlU10tt of 08get&' Under the previou8 GlP. chatitable company bad a l1¢Y of rev•lui its la1 and builitiw. On traAti to FRS 102 th¢ charithble company ek¢t to use the previ(w ValUAOL of ]And bUdID8S as at 31 All 2014 as the 1.5 DeprecltlDn Freehold building5 25% on on c4J8t 25% on r¢thI iMl8Ne 25% OD W8t 20
ROUGEMONT SCHOOL TRUST LI NOTES TO THE FINANCIAL STATEMENtS (tInUed) FOR THE YEARENDED 31 AUGUST 2021 1.6 Htre purekue Assets he under hire purclwe agteaDents are wiithlis¢d and di}{ed under tsngiblc ed assets al thcir fair value. Th ¢apitsl elettt of the payinents 15 trcatrd Jiabllity and the interest 18 cbargcd to tb¢ st4temeDt of finAtKiaI activities on a straight line b&sis. 1.7 Flm•nce ie•fe weements Assets awired undu fit)8nce lea8e cwitalised e¢onomic lives. Obligations uthler $uch contracts 4re included itt ueditors nct of thc fina ¢bary¢ aik•¢weAI to fuhwe peri(xls. The fill4¢ 1.8 OperAdMt le we¢me•ts Rentals und¢T leaqes are chargd OD • straight.11 IxÉis over the lease tenN even if thc pallents are not mde OD such a ba8is. Befits r¢¢¢iveJ gnd tIv&b &$ an in¢•Trtivc to Sign 1.9 Fund a¢¢o¥ntlni The School has three teN of fill. Ethvmient- VAM the ¢•pit81 is knld ID PUFthity to geDeJ di8tributable income. Restri¢ied- wbere purpox for 7which th¢ fittsd8 may be used hog been re8tri¢d by donorn; UDrrntri¢t&1- th th¢ fitsMI IB Tr)t testricd aj to uoe (rtIKr in the objects of the 1.10 FIA¢11 Instruments anrtISed with the ex¢¢ptioti of irLVe8tsne vthicb are held at flir value. binanciAI held ot amorti8 ¢osl ¢onyiK cash at bank and cath equIvll4 tO8ethtt with trth and other debtorB. A 4wifi¢ provision is made for debts 7*bie& rt£overnbility ig in doubt. Catth at bank ca&b and eqth•luts appli1¢. 4r¢ shown within curTeot liabiliti Debton ¢redito L4abilities for tK)TfowiD8a 7wbich are sDbiec¢ to a of the value of the 21
ROUGEMONT SCHOOL TRUST LIMrrED TO THE FINANCIAL sfATLMENTh (ronthilled) FOR THR YEAR ENDED 31 AUGUST 2021 year 18 ]luded in the Staterne of Fitiw¢ial AthivAlies. Pri)vtslon8 for M•blllde• Provi8ioDs are where an event has tak¢n pl#¢¢ t1 gives th¢ S¢hool a legal or cottstswtiv¢ obJi88titin that prob&bly requira8 settiemellt by a trallsfu of #onomic b&fits. 8zd a reliable estitr]th c4ts k made of the amoullt of the obligati 1.11 Staff Belleflts Ineludthg PeDdoD co The scknl contril4¢S to the followg 8¢kne8: The Scknol conknbut&8 to the Teacher5. Pension SclKme. This is a multi-¢mploy¢T ttnsion scheme and it is nol pK)Ss11)k to ideniify the Sch{}1's share of the undeTlying Eets •ExI I1111tieS on a consi8t and TnAble bs8i8. Thtrefore. As requirvj by FRS 102, School accounty for the scheme as if it were a defined contrTh1oD scheme. The School's Contriblon8. which are in accordance with the tlw rnlate payabl li. a ¢ontnlw¢ory Per80llai Pension Thi8 18 a defined COntnuti0ll 8¢hexn¢. ¢ontribution8 to the p]All in 4ccordallce WAth the nlles of the plan and Ch to ex1¢ when they ore payable. Pu70n ceAts Are eharged as a perceDW of 8thTi¢s and paid over to Scottish Widow8 on a mODthly b98iS. Short term benefits Sknrt tern benefity iocJth8 holiday y, are •¥ ¢xpeDS¢ in th¢ p¢¥iod in 1¢h the 8ervi¢e is rwxived. Employee lernitidoll benefits 1.12 Bllrwy fund Oll8oing fee iw¢. 1.13 Alldltorlllm Rd Refeftory fulld The Auditorium RetOry dcsi8nated fi1 ba8 been fiy & d¢v¢lLwnY&¢ of a Dew facility on tbe Bite of th¢ prrvl0uy destr c• thuin8 a fiTr iti th¢ year ¥xthd 31 August 21)08. 1.14 VAT Regi#trAtIo As of l* F¢bnwy 2019 tbe Gr(AP 18 longer rep8tard for VAT.
ROUGEMONT SCHOOL TRUST L]MrrED NOTES TO THE FllYANCIAL STATE{ (tonthiued) FOR THE YEAR LNDED 31 AUGusf 2020 2021 202 Gro fe 7.031241 6525,934 BursaTie8 Scholar8hip8 Fee diwowts- SthIiD8 {310,322) (202.759) (135,549) (146,136) {10,882) (320,131) (202,5701 {121.180) (131228) (i i.(v)i) Diollts on ftts iti rAlv8we L4.. Tolal iRrwie4. 8rants atml allovrntts (805,648) (786,199} 6225,593 5,739,735 Bux8atie8 totallinK £310J22 were to 54 pupiis (2020.. £320.131 kn 67 pupily) ScholaThhips tot&llin8 £202.759 vlere paid (0 75 pupils (2020: £202.570 to 88 pw)ila) ANCILLARY TRADING INCOME 21121 2020 Regi81rn¢ioD f¢e8 5.940 129.080 127.179 16.062 1.453 4,800 4,965 132,831 233,281 136.431 3.048 14,828 School triF Chorges for Jate paymeat of fees 284.514 525.384 GRANTS AI4D DONATIONS 2020 434 144919 2.628 464.440 145J53 467.068 2021 2020 32,447 3,193 70.608 38.452 35,640 109.060
ROUGEMONT SCHOOL TRUST LIMITED NOTFS TO THE FINANCIAL STATEMEIYTS (colldmued) FOR THE YEAR ENDED 31 AUGUST 2021 2021 2020 Baok inter¢8t receivable 41 580 STAFF COSLS 2021 2020 Tots] •tsff eodts eomprjwl: Wages and salaries Social Slty costs Pension contnbutions 3.732.845 350,665 664,539 524 3.825248 351.117 662,680 18,799 4.758J73 4,857,844 Nonc of th¢ Gov¢rnon ff¢¢ived anyTemuner or other benefit from the SclKxTrl or from any connected EJdy. No reithb wezt made to trustett dwi08 the year (£2019: Nil) uote 18 for fiwther detsils. 2021 No. 2020 The average number ofeD¥loyees ID ts )Yar, vrn# ts follo. Teachitig Staff Support sthff 74 52 76 62 Number of 8taff 126 138 £60.(W- £69,999 £70.799- £79,999 £io0.otX)-£Is99 £I10.OW- £119,0(K) F4loytr pen8ion ¢ontnlwti(m for Key MAlla8Une Per total £70,462 (2020: £62,629) 452278 39790 452278 397590 LhriD8 the ytartminatKO aryl totalled £524 (2020: £165
ROUGEMONT SCHOOL TRUST LtNflTED NOTES TO THE FINANCIAL STATEMEKf6 (eMthined) FOR THE YEARENDED 31 AUGUST 2021 ANALYSL8 OF EXPENDITUIIE Depretiatlofj 2021 Charitable expendltur&' Raisins Funds 10,040 10,¢)40 sch)1 Activities Teaching 3.770.488 142.432 283,113 56290 154,481 92,723 335,058 498284 65,907 3,990,876 235.155 950.391 1,064.559 332220 3,735 4,758,573 1.080J46 401.862 6,240,981 4,758.573 I,090.52 401.862 6251.027 ctht8 COti8i5t of the followin8.' . 202(1 68,543 126274 19211 97.455 187J25 35,333 125,836 39,701 234,143 130,421 Telepknne8. stationery attd other co6ts Tran8porL tr*S includins relate41 c( 498.808 564,434 Grauts prlu4 2021 2020 805.648 786.199 805.648 786.199
ROuGEM0L SCHOOL TRUST IIMrrED NOTES TO FINANCIAL s[ATEIENTS (¢oBtlnued) FOR THE YEAR EI¥DED 31 AUGU2021 AL¥ALYSJS OF EXPEThDrruRE (eondpued) ¢Nts Deprtetatloo 2020 Chthtsble eJpeMdtte. 5.189 22,595 27,784 School A¢tivitie8 TeacbiDg Welfare 3,799J05 145,307 325.452 582.591 201.627 160.838 307,384 364,434 52.117 4.053.049 306.145 971,019 1,160,672 338.183 16,732 Support and g0Vene ¢0 4.852.655 1235283 402.947 6,490,885 4.857.845 1257.877 402.947 6.518.669 NET INCOME FOR THE YEAR 2021 2029 Stsff pension contnl>u¢ic DwoBa] of fLxed assets 664J39 662,680 (4,084) 407.031 401.862 . audAt of fanCial s¢atememts {¢111n8 VAT) .for other Servi (&1¢118 VAT) 21.480 3,120 21J80 25.260 45,139 25.260 53.894 26
ROUGEMONT SCHOOL TRU LtNItTED NOTES TO THE Fll¥ANCIAL STATEMENTS (wtlAlled) FOR THE YEAR ENDED 31 AUGUST 21121. 10. TANGJBLE FIXED ASSET6 GROUP AND COMPANY Land and Buildy & BulldlAy Ikvmtt Fltthiy FAdUtIt4 Compllten Vehld Co At I SeptttDbtt2020 Addition5 Di4¥xalg 18.842,713 17.8 945, 19.693 464.649 279,710 43201 129,179 20,661253 80,694 At 31 Au8USt2ff21 I48)13 964ffj95 464.649 321911 129,179 20,741,947 rttl8tlon At I Septemby 2020 1,337 287.927 730276 44293 299.706 37.995 21&144 27.912 2,704J39 401.862 3,735 A¢ 31 August 2021 l.625.769 774569 337.761 24&056 IU046 3,106201 Net Bookvalxe At 31 August 2021 17234.744 IfAI.126 12C888 76,855 7.133 17.635,746 At 31 Au8urt2020 £17J04,872 214.726 164.883 61 J65 10.868 17,956.914 Charlty ii. DEBTORS 21J2A 2021 2020 1.775 53.W 33275 10.104 Sch] feu Pt¢pAymuJ Othtt Debts) 54,3( 166.743 9.828 53,844 33275 14,186 14,129 54J06 166.743 9,829 21 J82 98,998 234,849 115,434 251260 12. 2•21 2021 2020 161557 219,610 73.802 237,497 103.729 107250 l62J57 44,536 291784 96.862 120,750 (518) 35,784 62.811 12,169 219,610 73,802 237,497 103,729 107250 Autunm 2021 poid 96,862 120.750 {518) 35.784 65211 12.169 Pwl dwits 39348 75,617 14.656 3999 71 J27 14.656 871.709 827.735 807.420 27
ROUGEMONT SCHOOL TRUST LIMrrED FOR THE YEAR ENDED 31 AUGUST 2021 13. CREDm)RS: due fter more than one year Group Chlty 2021 2020 2021 2020 Bak loatss 3.079.572 167.035 2.884.107 159.628 12,169 3.079.572 2,884.107 167,035 159,628 12,169 3246.607 3.055.904 3,246.607 3.055,904 Adled fee PAyiiiemt&" Parents nuy enter into a tract to pay to Ibe SCI1 up to the equivalent of five years, tuition ftts ill advance and the r[1 form8 part of the 6clwls Th¥)rkiti8 C4>ital. It is tread 88 deferyed incom4 until the p11.5 ftts become due the f¢e8 for ewh 8cly)ol tenn are chArged &gainst subject to specific conditions on th¢ reccipt of one tetm's noiice. 2020 After S y¢arJ Withiti 2 to 5 yeorB Within I to 2 yearB 118296 48.739 99,201 60.427 167.035 159,628 Withiti ono y¢ar 96.862 103,729 263.897 263.357 2021 2020 Balance at I Sc¥temb¢r 2020 263 J57 120,809 4.702 403.127 (8356) 3.026 388.868 397,897 AMCAll utili8ed illpiymeot of fe (124971) (134.540) Ba18tKe at 31 Aus1 2021 263.897 263J57
ROUGEMONT SCHOOL TRuKf 11mED NOTES TO THE FINANCIAL ATEmENts (¢omdm•ed) FOR THE YEAR EI¥DED 31 AUGUST 2021 CREDfTORS: fallitig dDe 4ft¢r llre th one year (eomtlnued) CoMpY atyj is di1&$ed as follows. 2021 2020 2.323.183 574,539 181,850 2.017.663 659,054 201,556 Within 2 10 5 )vrffj WitbiD l 10 2 yearn 3.079.572 2.884,107 Within on£ yt4r 162557 219.610 3,241129 3.103,717 Tbe bank overthth and bfillk loans aye se¢ured by • first le8al chorge over th¢ fredM)Id property known Ljatstarnom Hail and Ljantsrnarn Hall W(xrf Torfw Gwent dated 28 Au8USt 2006 valued at 18th Apn'l 2002 I1p(8nS a fLxed and floatin8 cfrthr8e over all 4Dd futh assets of the ¢IArity. The thl ¢n*red itito ocw loons in 2020. the first is for £1.980.000 and tb¥ ii for £1,320,(M)O began drnwdovrn in April 2021. Both are SllreA1 by a first le8al charye over tho dised 41 follows.. 2(121 2020 Within i to 2 yrats 12,169 12.169 14,656 12.169 12.169 26,825
ROUGEMONT SCHOOL TRUST LlhfrrED NOTES TO THE FINANCIAL STATEMENTS (cMtlxued) FOR YEAR RNDRD 31 AUGUST 2020 14. COMMrfMKNTS UNDER OPERATING LEASFS At 31 August 2021 the cotDpanyhad the following firtuY¢ minimum opeTrting &$ sct below. The ch8rge lo the Statement of Fill]#1 Activiti&8 in the yrar vns £70.339 (2020: £78.172). land #nd buiidlnii 2021 2020 Payments due l: 25,151 90.096 3.147 115247 Within 2 to 5 >rars 113247 118294 I& STATEMENT OF FUNDS GROUP I September 2020 IKom¢ Ewndturn ReVtIO & Trn•fff• 31 Au¥u 31121 Gener fllndi Other r&qcrves 6,691,141 {6251,027) (HO,114) (223,739) 7229J04 7,005,565 7229J04 6,691,141 (6251,02T) (663.853) 7,005,565 De*llited fun Audiwrium & Refectory fimd 8336J48 603,833 9,CiIO,401 15J65,852 6,691,141 6251,027 16.(KJ5.966 30
ROUGEMoiYf SCHOOL TRUST LIMITED NOTES TO THK F]NANCtAL sfATEMENTS (eonthiwed) FOR THE YEAR ENDED 31 AUGiYST 2021 i& srATEMENf OF FUNDS B•]llee at I Stptember 2020 GaInL0# BaiAllf¢ at Ivom¢ Expendlturt ReVtIo 31 Augu & Tranlferi 2021 Uleted funds General fulldB 6.690.141 (6251,027) 440,114 (223.739) 7229J04 7.(X)5.565 Totsl Beller fond• 7229J04 6.690.141 (6251,02T) (663,853) 7.5.565 DeAted fundi Fixed Rexerve ffiJtsJ 8J36548 663,853 9,000,401 Totsl Uumtrlrt¢d l5J65,852 6.W.141 (6251,027) 16,005,966 CompATadv¢ ftgllru: STATEIENT OF FUNDS B•l•nee at GROUP AND COMPANY I S¢pteffjlKr UnreBtrlcted ldI 2019 Ill EendItllre Rev•lutlon & Tr#1¢ 31 All¥t 20211 G¢n¢r41 6.814,043 (6.490.885) (323.158) (223,739) 7,453,043 7,229,304 Totsl leller fumdi 7.453,043 6.814.043 (6,490.885) (s46.81) 7229,304 DdRn8ted f1nd• Auditorium & Refecw fiTThI Fixed Re9ern 7,789,651 546.897 8.336,548 Totsl Unre•trl¢ted fuDdi 15242,694 614.043 (6,49¥).885) 15.565,852 Fixed As8et Rwve fimd - Tr fu] IA8 bw set up th arpmtely Imild up balaDCU ¢0 match the Dei of the Bcl¥x)1 th8t ort available ts the 8erml of the sclwL 17. RELATED PARTY TBMSACTIONS As at 31 August 2021. RouB¢ttk)7rt Sc1Kl TnLSt Iimitrd vM8 owed £10.046 (2020: £33,130) from RougellK)ni SCI0] Adiviti¢5 limit&l the wknuy ovrned bthidigry company. tkning the year Rougemont Setr] Truy¢ tAmited chgl tl ¢onyany £3,093 (2020: £23.4) relatiD8 lo a mail Fiv¢ Governors had thildni TA pupds at RougaD Sdxxkl (knyn8 the year (2020.. frmr). Sclwl f paid and diouttts re1Ved ¥t the same rate atba on th¢ same terms as for all other parents of 31
ROUG£MONT SCHOOL TRUST I1IrrED NOTES TO THE FINANCIAL STATEMKNTS (Mtblled) FOR THE YEAii ENDED 31 AUGUST 2021 17. RELATED PARTY TRLNSAcfioNS (eond•Hed) IneetinBs from lirne to time. No Gov¢rLKfS were relathUr for travel costs in the year £NAI {2020.. £Nil). RS Greu) AB80¢i4t¢s invoiced costs ot"£16512 (2020: £3.6) to th¢ Se]1 for a8sociateA with the refectory and auditorium tww buildmg projecL The Governor (chard Gre4n) is 8 dirwtor of RS Gr¢¢n A$8ociates. No aDwunts vlere outsthtidlg at yrar el (2020.. Nil). David McCleJlaDd invoi¢d ¢o8ts of £25(KI12020: Nil) for bealth support. 18. RECOIYCILIATION OF NET INCOME 2021 2112D Net Incon before traMfw8 Eliminaiion of noTrop¢ryiill8 cth tIow6: Add: Int¢T payable 440,114 323.158 127,857 (41) 89,250 (580) 367.930 411,827 Lo41 on di6posal offixcd 18*9 DeprlatiOrt (4,084) 407,034 (78,2251 (227.650) 4,491 401.862 135.851 25.442 (1.758) IncrweJ(de¢rea8e) in ¢rediW 1,129 J27 513J93 19. ANALYSIS OF CASH AND CASH EQUIVILENYS At At 3J AuguBt 2021 2112• Calh flo Cath in l]# And at bank l JIXI.8LM 1.044573 2J45.377 I JC(1,8C4 1,044573 2.345 J77 32
ROUGEMONT SCHOOL TRUST LIMITED FOR THE YEAR ENDED 31 AUGUST 2021 TRADINC SUBSIDIARY Rougenmxrt Scknol Trusi IArnitoJ knld l(MN of the sbue in Rougemont School Activttie8 2020. all profits are coveDantcd to the SchLM)L the 31 All1 2021 the ttt &wets of the c4)mpany were £2. (2020: £2). 2021 2020 20,447 292 61,518 (8,352) Cost of soJeB Gros8 profit 20.739 10.338 53,166 (42,832) Netprofit 10.4(Kl 10,334 (lo.4) (10,334) The School is owed the aid of £10,4(KI (2020: £IOJ34) frow Rou8emont School Activitie4 L4mited a¢ 31 August 2021. 21. PENSION COMNfrrMENrs The Scknl pgrti¢ipate8 in the Tehers' Pen8jon schell (EW 8nd W4les) ("the TPS.) for its teaclllD8 The pension clw8e for the year Ilu(k ¢onknknutioA8 payBbl¢ to the TPS of £612.679 (2020.. £622.657) at th¢ £niJ (2020 . £Nil) ws wcnxd in rewt of ¢cmtrilxrtions to this Th¢ TPS As an Ullfu multi•loy¢r defined benefits PeDSiOtt s¢h¢m¢ governed by The Teachers. Pensions Regul109 2010 1&% amended) and The Teachu5' P¢D51 Scheme Regulations 2014 (as amended). Menth¢Ts conthlJu Y as you 80- basis with contnbutions from m¢mbers ond the The emplw ¢ontnuti0D rnte 18 set by the Sre of Stsfe followijjg 8¢beme v8hthtioL8 utsle 3A at 31 mah 2016 and the Valuation RqKx4 which vM3 publi8lYd in March 2019, c0llfirn that the etrwloyer contrknon Ate for TPS ll1d iwease from 16.4Vh to 23.6% from I September 2019. EmplOS are alw requirnj to pay o 8ch8me *lministrati(XL levy of 0.08% 8iViDg o total employ ¢ontrkniion Trte of 23.68%. The 31 mch 2016 Valu10 R¢rt aCLordonce the benefits set io the scheme regulatioAq and ufyl¢r th¢ appro wified in the DirrxtiOD5. a8 they 4)p11 at 5 Mwch 2019. ixN)Icmentstion of the 2015 refonw to Public Service P510 incluthD8 the Teacha5' P¢DSiCW. 33
ROUGEMONf SCHOOL TRusf LIhl NOTES TO THE FINANCIAL ATEmETh (collllnued) FOR THE YEAR ENDED 31 AUGUST 21121 21. PENSION COMMITMENTS {eonthi•ed) On 27 June 2019 the Supreme Cowt denied the govemm¢ffj p¢rmission to the Court of Appeal's judgment that trSitiOnal provisions Intr(Mh refornd pension scherncs in 2015 gave rise lo dawful age diqcriminatioL The goverJment is T¢SP¢¢ting the Court's deeiiion and ]J&8 said it will e fidly vrith the Employment Tnal as Thrll and repre8entaiives to agre¢ how the discrimitiOns will be remcdied A consul10 was laullcbed by the 8overnmettt on 16 July 2020, and closed refjp) on I l (ktober 2020. The TPS 1$ 8ubje¢t to a c(ffjt csp mechanism l¢b put in plxe w proiext taxpa8 agAin8t unfore8e¢D ¢hAD8e8 io h¢t CA. Tr Chief sre(ry to the Trew. bavitig ID 2018 an1ull¢¢d thai there ThK)uld bc a review of this ¢08t up rne¢baniN in Jamwy 2019 anrx)uttced a pause lo the cost cap rnechanism ftillowing the Cowt of ApFa]'s ruling in the m¢cknS0ryet case uthil there 18 certainty the value of pension8 to emplo$ from April 2015 ¢)nMrd8. The pause wos litsl in July 2020 and the Bovernmeni 18 pryofiD8 to coDwlrt¢ the cost ¢oJtroI elemull of the 2016 Yahtion$, which &8 ¢xpected to k Completed in 2021. ID Tri¢w of the above w]iti8s and deKisions ts as8unbo u8ed in the 31 mCh 2016 A¢wwial Valuati00 may become inapproptr. In this scen10, a valuation prepar¢d in a¢¢ordwKe with revis¢d A¢tiwial Valuation. Until the co41tstioll And the cort w llchari review or¢ conwJed li is not powTrJle to ¢tUde on y financial impw or fubjre cban8es to the contrutiOn rnt&% of the TPS. A•y. no provision for PeTrollo1 P10ll P]aD). to which the contributrs 6%. The om(Amt contributed iDto the scheme by the employcr amounted ts) £51.800 {2020: £43}. p10)r¢S contribute fit Je4St the sAme amowlt the eryloyer into the There no ¢4pithi comnllbnents as 31 Augus¢ 2021 or 31 Augwt 21Y20.