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2021-08-31-accounts

Trustees			C Aldridge
			H Davies
			A Siddiqui
			M Hornsby
			N Newman
			A Brown
			S Pepper
			A Skinnard
			J Mackay
			D Smith
Secretary		and Bursar	G Bunning
Head Teacher			E Rees
Charity	number		800284
Company		number	2270044
Registered		office	Hornsby House		School
			Hearnville	Road
			London
			SW12 8RS
Auditor			Ward Williams
			Belgrave House
			39-43 Monument		Hill
			Weybridge
			Surrey
			KT138RN
Bankers			Child 8 Co	Bankers
			1 Fleet Street
			EC4Y 1BD
Solicitors			Barlow Robbins		Solicitors
			The Oriel
			Sydenham	Road
			Guildford
			Surrey
			GU1 3SR

				Page
Trustees'	report			1-9
Statement		of Trustees'	responsibilities	10
Independent		auditor's	report	11 - 14
Statement		offinancial	activities	15
Statement		offinancial	position
Statement		ofcash flows		17
Notes to the financial			statements	18-30

		2021	2020
~oi~fro	Notes
Donations and legacies Charitable activities Other income Investments		9,152 6,860,962 27,983 565	19,571 6,602,485 64,978 12,657
Total income		6,898,662	6,699,691
d' ur on'
Raising funds			8,948
Charitable activities		6,501,004	6,042,010
Other		(2,979)	1,429
Total resources expended		6,498,025	6,052,387
Net income for the year/
Net movement in funds		400,637	647,304
Fund balances at 1 September 2020		9,943,687	9,296,383
Fund balances at 31August 2021		10,344,324	9,943,687

			2021	2020
		Notes	F	E
Fixed assets Property, plant and	equipment'	13	6,907,881	7,015,861
Current assets
Debtors falling due Debtors falling due Cash at bank and	after one year within one year in hand	15 15	233,000 137,249 5,077,625	248,000 122,402 4,165,958
			5,447,874	4,536,360
Current liabilities		16	(1,044,419)	(688,393)
Net current assets			4,403,455	3,847,967
Total assets less	current liabilities		11,311,336	10,863,828
Non-current liabilities		17	(967,012)	(920,141)
Net assets			10,344,324	9,943,687
Income funds Unrestricted funds			10,344,324	9,943,687
			10,344,324	9,943,687

			2021	2020
		Notes
Cash flows from operating	activities
Cash generated from operations		23	1,373,291	664,552
Investing activities
Purchase of property, plant and equipment Proceeds on disposal ofproperty, plant			(465,204)	(1,489,152)
and equipment			3,015	269
Interest received			565	12,657
Net cash used in investing	activities		(461,624)	(1,476,226)
Net cash used in financing	activities
Net increase/(decrease) in	cash and	cash
equivalents			911,667	(811,674)
Cash and cash equivalents	at beginning	ofyear	4,165,958	4,977,632
Cash and cash equivalents	at end of	year	5,077,625	4,165,958

						2021	2020
						F	f.
	School	fees				6,473,617	6,333,460
	Extra lessons/clubs/trips					191,447	122,109
	School	registration		fees		27,700	24,800
	Discounts given					(138,317)	(125,660)
	Catering					305,448	244,505
	Other income					1,067	3,271
						6,860,962	6,602,485
5	Other income
						2021	2020
	Government grants			- JRS		27,983	64,978
6	Investments
						2021	2020
							E
	Interest	receivable				565	12,657
7	Raising	funds
						2021	2020
	Fundrai	in and	ub i		i
	Staging	fundraising		events			8,948

	Charitable activities	(School operating costs)
			2021f	2020 E
	Staff costs Depreciation Class materials and lesson costs Catering costs Charitable donations Staff welfare Playing fields rental Establishment costs Legal and professional fees Sundry expenses Advertising and marketing Computer and printing costs Entertaining Other charitable expenditure		4 391290 573,148 276,108 321,966 17,193 76,525 168,833 432,846 10,799 25,102 71,009 75,874 692 51,219	4,260,209 410,659 313,703 257,450 15,066 62,585 157,025 299,960 9,661 12,790 78,782 100,720 8,866 46,134
			6,492,604	6,033,610
	Governance costs (see note 9)		8,400	8,400
			6,501,004	6,042,010
	Analysis by fund Unrestricted funds		6,501,004
			6,501,004
	For the year ended Unrestricted funds	31August 2020		6,042,010
				6,042,010
9	Governance costs		2021	2020
	Audit fees		8,400	8,400
			8,400	8,400

	The average monthly	number employees	number employees	number employees	during the	year was:
						2021	2020
						Number	Number
	Teaching and support Administration, ITand	staff catering staff				82 12	81 13
						94	94
	Employment costs					2021	2020
							E
	Wages and salaries Social security costs Other pension costs					3,442,329 351,316 597,645	3,331,007 335,530 593,672
						4,391,290	4,260,209
	The number ofemployees		whose annual		remuneration	was F60,000 or more were
						2021	2020
	F60,000-F69,999 F70,000- 679,999 280,000-F89,999 6100,000- F109,999					Number 2 1 2 1	Number 2 1 2 1
12	Other expenditure
						2021	2020
	Net (profit) Iloss on disposal		oftangible	fixed assets		(2,979)	1,429
						(2,979)	1,429

13	Property, plant and equipment	Property, plant and equipment	Property, plant and equipment	Freehold	Assets under	Assets under	Fixtures and	Computers	Total
				buildings	construction		flttings
				E				E
	Cost
	At 1 September 2020 Additions			7,398,747 2,587	2,738,103 200,980		1,335,310 239,521	630,161 22,116	12,102,321 465,204
	Disposals						(99,990)	(14,531)	(114,521)
	Transfers			2,939,083	(2,939,083)
	At 31August	2021		10,340,417			1,474, 841	637,746	12,453,004
	Depreciation and impairment At 1 September 2020 Depreciation charged in the year Eliminated in respect ofdisposals			3,675,845 364,440			881,800 144,738 (99,954)	528,815 63,970 (14,531)	5,086,460 573,148 (114,485)
	At 31August	2021		4,040,285			926,584	578,254	5,545,123
	Carrying amount At 31August 2021			6,300,132			548,257	59,492	6,907,881
	At 31August	2020		3,722,902	2,738,103		453,510	101,346	7,015,861
	The carrying	value of	land included	in land and buildings		comprises:		2021	2020
								E	E
	Freehold							1,000,000	1,000,000

14	Financial instruments	Financial instruments	Financial instruments				2021	2020
	Carrying amount	of	financial		assets		F	E
	Debt instruments	measured		at	amortised	cost	288,093	277,178
	Carrying amount	of	financial		liabilities
	Measured at amortised cost						1,924,699	1,527,583
15	Trade and other	receivables
	Amounts falling	due	within	one year:			2021 F	2020 E
	Trade receivables Other receivables Prepayments and	accrued income					40,093 15,000 82,156	14,178 15,000 93,224
							137,249	122,402
	Amounts falling due		after more than one year:				2021	2020
	Other receivables						233,000	248,000
	Total debtors						370,249	370,402
16	Current liabilities
							2021	2020
							f.
	Other taxation and Trade payables Other payables	social security					86,732 128,984 175	80,951 83,239
	Accruals and deferred		income				828,528	524,203
							1,044,419	688,393

Analysis ofnet assets between funds		Total
		F
Fund balances at 31August 2021 are represented Property, plant and equipment Current assets/(liabilities) Long term liabilities	by:	6,907,881 4,403,455 (967,012)
		10,344,324

At the reporting end under non-cancellable	At the reporting end under non-cancellable	date the operating	School had outstanding leases, which fall due	commitments as follows:	for future	minimum lease	payments
						2021	2020
						E	E
Within one year Between two and	five	years				2,054	24,996 2,054
						2,054	27,050

	Remuneration ofkey management	Remuneration ofkey management	personnel	personnel	personnel
	The remuneration of key management			personnel		is as	follows.
									2021	2020
									E
	Aggregate	compensation							537,886	509,227
	The School	paid E1,156for insurance	for professional				indemnity	and governors'	liability (2020:	E1,005).
23	Cash generated from operations								2021	2020
									E	E
	Surplus for	the year							400,637	647,304
	Adjustments	for:
	Investment (Gain)/loss Depreciation	income recognised in statement offinancial activities on disposal of property, plant and equipment and impairment ofproperty, plant and equipment							(565) (2,979) 573,148	(12,657) 1,429 410,659
	Movements	in working capital:
	Decrease in trade and other receivables Increase/(decrease) in trade and other payables								153 402,897	50,554 (432,737)
	Cash generated from operations								1,373,291	664,552