|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|
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|||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|
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|||||||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|
##
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##
||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|
##