|||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|
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|||||
|---|---|---|---|
|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|||
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|||||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|
##
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||||||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|
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|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|
##
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||||||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.|||
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|||||||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|
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