2021-08-31-accounts

		Page
Company information
Report ofthe Governors (including	Strategic Report)
Report ofthe Independent Auditors
Statement of Financial Activities
Balance Sheet		10
Statement ofCash Flow
Notes to the Financial Statements		12

GOVERNORS:	Mr Douglas Gale
	Mr lan McDonald
	Mr Stephen Spicar
	Mr Jonathan Wansey
	Ms Victoria Hance
	Mrs Deborah Lewis
	Mrs Michele Russell
	Mr Robert Clarke
HEADMASTER:	Mr Terence Ayres
BURSAR AND COMPANY SECRETARY:	Mrs Lindsay Chater
REGISTERED OFFICE:	19Campbell Road
	Salisbury
	SP13BQ
REGISTERED NUMBER:	2306881(England	and Wales)
REGISTERED CHARITY NUMBER:	800158
AUDITORS:	Fawcetts LLP
	Chartered Accountants
	and	Statutory	Auditors
	Windover House
	St Ann Street
	Salisbury
	SP12DR
BANKERS:	Barclays Bank pic
	2/6 High Street
	Salisbury
	SP1 2YH
SOLICITORS:	Dutton Gregory Solicitors
	Ambassador House
	Carlton Crescent
	Southampton
	SO1S 2EY
INSURANCE BROKERS:	Jelf
	Kabel House
	15Quay Street
	Manchester
	M3 3HN

				2021	2020
			Note	E	E
Fixed assets
Tangible fixed assets				4,109,028	4,225,828
Current assets
Debtors				113,522	103,821
Cash at bank and in		hand		674,500	641,449
Liabilities
Creditors: Amounts		due within one year		605,518	549,955
	Net current assets			182,504	195,315
	Total assets less current liabilities			4,291,532	4,421,143
Creditors: Amounts		due after more than one year	10	1,103,182	1,225,307
NET ASSETS				3,188,350	3,195,836
Funds
Unrestricted	funds:			3,188,350	3,195,836
TOTAL FUNDS				3,188,350	3,195,836

					2021	2020
				Notes	E	E
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash provided by/(used in) operating		activities		a	195,354	(30,210)
Cash	flows from investing activities:
	Purchase oftangible fixed assets				(15,804)	(13,976)
	Proceeds on sale oftangible fixed assets					1,000
Net cash provided by/(used in) investing		activities			(15,804)	(12,976)
Cash	flows from financing activities:
	Repayments ofborrowing				(119,782)	(114,915)
	Cash inflaws from new borrowing				23,690
Net	cash provided by/(used in) financing	activities			(96,092)	(114,915)
CHANGE IN CASH AND CASH EQUIVALENTS FOR THE YEAR					83,458	(158,101)
Cash	and cash equivalents brought forward			b	591,042	749,143
CASH AND CASH EQUIVALENTS CARRIED FORWARD
AT31AUGUST				b	674,500	591,042
a)	Reconciliation of net income/(expenditure)		to net cash	flow from	operating activities
					2021	2020
					E	E
	Net income/(expenditure) for the year as per		the
	Statement of Financial Activities				(7,486)	1,384
	Adjusted for:
	Depreciation				131,063	133,293
	(Profit)/loss on disposal oftangible	fixed assets			1,541	(535)
	(Increase)/decrease in debtors				(9p701)	(14,048)
	Increase/(decrease) in creditors				79,937	(150,304)
	Net cash (used in)/provided by operating activities				195,354	(30,210)
b)	Analysis ofcash and cash equivalents
					2021	2020
					E	E
	Cash at bank and in hand				674,500	641,449
	Overdraft facility repayable on demand					(50,407)
					674,500	591,042

2.	Fees		2021	2020
			E	E
	Fees receivable consist of.
	Gross fees		2,499,030	2,724,917
	Less:Total bursa ries, grants	and allowances	(432,937)	(606,035)
			2,066,093	2,118,882
			2,066,093	2,118,882
4.	Sundry and other income		2021	2020
			E	E
	Lettings		26,268	27,255
	Sundry Income		26,158	37,593
	Coronavirus Job Retention	Scheme	34,371	32,328
			86,797	97,176
5.	Staff Costs		2021	2020
			E	E
	Wages and salaries		1,245,981	1,255,469
	Social security costs		102,893	106,684
	Other pension costs		228,926	240,767
				1,602,920

	2021		2020
Teaching		28		31
Non-teaching		10		7
		38		38

		2021	2020
E60,001	—E70,000
E70,001	—E80,000

Analysis ofexpenditure	Analysis ofexpenditure						2021	2020
				Staff costs	Other	Depreciation	Total	Total
Charitable activities:
School operating		costs
Teaching				1,373,453	78,679	17,082	1,469,214	1,489,739
Premises				73,800	163,714	106,223	343,737	391,225
Support costs ofsc hook ng				130,547	145326	7758	283,631	256 148
				1,577,800	387,719	131,063	2,096,582	2,137,112
Governance costs					13,758		13,758	15,374
				1,577,800	401,477	131,063	2,110,340	2,152,486
Finance and other		costs			50,036		50036	63761
Total resources	expended			1,577,800	451,513	131,063	2,160,376	2 216247
Tangible Fhed Assets
					Freehold	Fixtures and	Motor	Tote I
					Property	fittings	vehicles
					6	E	6
Cost
At 1September 2020					5,786,169	371,340	23,015	6,180,524
Additions						10,313	5,491	15,804
Disposals						(13,373)	(4,500)	lI17,873)
At 31August 2021					5,786,169	368,280	24,006	6,178,455
Depreciation
At 1September 2020					1,649,164	284,829	20,703	1,954,696
Charge for the year					106,223	23,275	1,565	131,063
Disposals						(13,373)	(2,9591	(16,332)
At 31August 2021					1,755,387	294,731	19,309	2,069,427
Net book value
At 31August 2021					4,030,782	73,549	4,697	4,109,028
At 31August 2020					4,137,005	86,511	2,312	4,225,828
The cost offreehold	property		mcludes	land of6319,408which is not being depreciated.

				2021	2020
Trade debtors				87,011	62,452
Other debtors				26,511	41,369
Creditors: Amounts		falling	due within one year
				2021	2020
Bank loans and overdrafts			(see note 12)	137,326	187,733
Deferred income	(fees paid		in advance)
Autumn	2021fees			319,289	254,554
Advance fees scheme (see			note 17)	23,738	23,400
Other creditors				106,302	63,163
Accrued expenses				18,863	21,105

					F	F	or the year ended 31August 2	or the year ended 31August 2	or the year ended 31August 2	or the year ended 31August 2	021
10.	Creditors:	Amounts	falling		due after		more than one year
												2021	2020
												E	E
	Bank loans (see note		12)									1,047,256	1,143,348
	Fee deposits											38,000		40,240
	Advanced	fees scheme Isee			note 17)							17,926		41,719
												1,103,182	1,225,307
11.	Obligations under leasing			agreements
	The total	future minimum		payments			due		on leases	expiring:
												2021	2020
												E	E
	Motor vehicles:
	Expiring:
	Between	one and five years										49,350		27,477
12.	Loans and overdrafts
	An analysis ofthe maturity				of	loans and		overdrafts		is given below:
												2021	2020
												E	E
	Amounts	falling due	within		one year		or on demand:
	Bank overdraft													50,407
	Bankloan											137,326		137,326
												137,326		187,733
	Amounts	falling due	between			one and two years:
	Bank loan	-1-2years										137,326		137,326
	Amounts	falling due	between two and five years:
	Bank loan	—2-5 years										411,978		411,978
	Amounts	falling due	over five years:
	Bank loan	- over 5 years										497,952		594,044
	There are	three bank	loans,		all	repayable		by instalments over 20 years. One				loan is repayable	at a fixed
	interest rate of5.5sg		per annum and the					other two		loans at base rate+ 396per annum.
13.	Secured debts
	The following secured debts				are included			within creditors:
												2021	2020
												E	E
	Bankloans											1,184,582	1,280,674
	The bank	loans are secured			by	a first	legal		charge over the freehold		property	ofthe School.

						Fixed assets	Net current	Long term	Total
							assets	liabilities
Unrestricted funds						4,109,028	182,504	(1,103,182)	3,188,350
Restricted funds
						4,109,028	182,504	(1,103,182)	3,188,350
Advance	fee payments
								2021	2020
								E	E
Assuming	pupils	will remain		in	the	school, advance fees will be applied as follows:
Within 2	to 5 years							17,926	41,719
								17,926	41,719
Within 1	year (included		in deferred			income)		23,738	23,400
								41,664	65,119
								E	E
Balance at 1September			2020					65,119	87,827
Advances	in the	year
Amounts	utilised	in payments			offees			23,455	22,708
Balance at31August 2021								41,664	65,119