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|Contents||||Page|
|---|---|---|---|---|
|Governors'|Report|||1 —8|
|Independent||auditor's|report to the members|9 —10|
|Statement|of|Financial|Activities|11|
|Balance Sheet||||12|
|Statement|of|Cash Flows||13|
|Notes to the financial|||statements|14-24|
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|||Notes|Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2020|2019|
||||E|E|
|INCOME FROM|||||
|Charitable
activities|||||
|School fees receivable||2|1,505,023|1,493,140|
|Registration
fees|||3,080|4,565|
|Donations
and legacies|||1,420|6,340|
|Other trading
activities:|||||
|Rents and lettings|||13,590|4,861|
|Investmentincome|||2,258|2,282|
|C/Rs Grant|||61,841||
|Other income|||41,025|78,545|
|Total Income|||1,628,237|1,589,733|
|EXPENDITURE ON|||||
|Charitable
activities:|||||
|School operating
costs|||1,501,858|1,482,900|
|Raising funds:|||||
|School financing costs|||4,717|4,676|
|Total expenditure||7|1,506,575|1,487,576|
|NET INCOME FOR THE YEAR AND NET MOVEMENT|IN FUNDS||121,662|102,157|
|RECONCILIATION
OF FUNDS|||||
|Funds brought
forward at 1"September 2019|||1,858,485|1,756,328|
|Funds carried forward at31"August 2020|||1,980,147|1,858,485|
||||Notes|2020|2019|
|---|---|---|---|---|---|
|||||f|E|
|FIXEDASSETS||||||
|Tangible assets||||||
|School land,|buildings
and|equipment||906,121|929,117|
|CURRENT ASSETS||||||
|Debtors|||10|80,590|48,723|
|Investment:|cash on short-term||deposit|534,876|104,785|
|Cash||||750,913|998,625|
|||||1,366,379|1,152,133|
|CREDITORS:|Due within one year|||( 159,853)|( 94,265)|
|Net Current|Assets|||1,206,526|1,057,868|
|Total Assets|less Current|Liabilities||2,112,647|1,986,985|
|CREDITORS:|Due after more than one year|||||
|Final term deposits|||12|( 132,500)|( 128,500)|
|NET ASSETS||||1,980,147|1,858,485|
|UNRESTRICTED FUNDS:|||15|||
|Designated:|Scholarship|fund||74,850|60,850|
|General fund||||1,905,297|1,797,635|
|TOTAL FUNDS||||1,980,147|1,858,485|
|Approved
by the board on|||16'"March, 2021and signed on its behalf by|||
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||||2020||2019|
|---|---|---|---|---|---|
||||f||f|
|CASH PROVIDED BYOPERATING ACTIVITIES||||||
|NET INCOME|||121,662||102,157|
|Add back depreciation
charge|||38,329||35,244|
|Add back loss on disposal offixed assets|||163|||
|Deduct interest income
in investing|activities|(|2,258)|(|2,282)|
|(Increase)/decrease
in debtors||(|31,867)||7,233|
|Increase/(decrease)
in creditors|||69,588|(|21,866)|
|NET CASH INFLOW FROM OPERATING|||195,617||120,486|
|ACTIVITIES||||||
|CASH FLOWS FROM INVESTING ACTIVITIES||||||
|Interest income|||2,258||2,282|
|Net (additions to) investments||(430,091)||(|1„024)|
|Purchase oftangible
fixed assets||(|15,496)|( 19,910)||
|CASH (USED IN) INVESTING ACTIVITIES||(443,329)|||(18,652)|
|(DECREASE)/INCREASE
IN CASH FOR|THE|(247,712)|||101,834|
|YEAR||||||
|Cash and cash equivalents
at the beginning||998,625|||896,791|
|ofthe year||||||
|TOTAL CASH AND CASH EQUIVALENTS AT||||||
|THE END OF THE YEAR||750,913||998,625||
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||||2020|2019|
|---|---|---|---|---|
||||E|E|
|Gross school fees|||1,668,994|1,517,312|
|Less:Total|Scholarships,|sibling and other discounts|(163,971)|(24,172)|
||||1,505,023|1,493,140|
|ONATIONS|AND LEGACIES||||
||||2020|2019|
|||||E|
|Legacies|||||
|Sundry donations|||1,420|6,340|
||||1,420|6,340|
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|TAFF COSTS||||
|---|---|---|---|
|||2020|2019|
|||E|E|
|Wages and salaries||921,530|888,738|
|Socia I security costs||63,710|68,403|
|Pension contributions||112,354|83,220|
|||1,097,594|1,040,361|
|||No.|No.|
|The average number ofemployees|in the year:|||
|Teaching||28|28|
|Administration||8|8|
|The following
number ofemployees|received:|
|---|---|
|f60,000-f70,000 emoluments||
|f70,000-f80,000 emoluments.||
|7|(al EXPENDITURE||Staff|Other|Depreciation|2020|2019|
|---|---|---|---|---|---|---|---|
||||costs||and loss on|||
||||||disposal|||
||||||f|||
||Charitable
Expenditure|||||||
||School operating costs:|||||||
||Teaching costs|1,097,594||67,667||1,165,261|1,102,799|
||Premises|||101,442|38,492|139,934|157,934|
||Support costs|||192,043||192,043|217,757|
||Governance
costs|||4,620||4,620|4,410|
|||1,097,594||365,772|38,492|1,501,858|1,482,900|
||Raising Funds|||||||
||Finance costs|||4,717||4,717|4,676|
|||1,097,594||370,489|38,492|1,506,575|1,487,576|
|7|(b) EXPENDITURE - Other|disclosures||||2020f|2019
f|
||Support costs include:|||||||
||Outings|||||33,509|44,964|
||Advertising
and printing|||||34,128|63,648|
||Utilities|||||28,741|31,272|
||Insurance|||||14,555|16,073|
||Office expenses|||||11,145|9,689|
||Other expenses|||||4,113|9,495|
||Other legal and professional||costs|||62,596|37,255|
||Auditor's
remuneration:|for other||services||3,256|5,361|
|||||||192,043|217,757|
||Governance
costs include:|||||||
||Auditor's
remuneration:|for audit||||4620|4410|
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||Freehold|Freehold|Fixtures|Computer||Total|
|---|---|---|---|---|---|---|
||land|buildings|and fittings|equipment|||
||E||E|E|||
|Cost|||||||
|1"September 2019|275,000|781,010|150,258|92,142|1,298,410||
|Additions||1,998|1,080|12,418||15,496|
|Disposals|||( 11,970)|(
661)|(|12,631)|
|31"August 2020|275,000|783,008|139,368|103,899||1,301,275|
|Depreciation
1"September 2019||169,646|127,892|71,755||369,293|
|Charge for the year||12,216|7,983|18,130||38,329|
|Released on disposal|||( 11,807)|(
661)|(|12,468)|
|31"August 2020||181,862|124,068|89,224||395,154|
|Net book value|||||||
|31"August 2020|275,000|601,146|15,300|14,675||906,121|
|31"August 2019|275,000|611,364|22,366|20,387||929,117|
|10.DEBTORS|||
|---|---|---|
||2020|2019|
||E|E|
|Due within one year:|||
|Fees|38,250|11,059|
|Other|6,325||
|Prepayments|36,015|37,664|
||80,590|48,723|
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|11|.CREDITORS: amounts|f|alling due within one year|||
|---|---|---|---|---|---|
|||||2020|2019|
|||||f|f|
||Trade creditors|||37,991|23,257|
||Other taxation and social security costs|||18,652||
||Accruals and deferred||income|75,051|15,566|
||Fee deposits (see note 13)|||20,000|21,500|
||Other creditors|||8,159|33,942|
|||||159,853|94,265|
|12.|CREDITORS: amounts|falling due after more than one year||||
|||||2020|2019|
|||||f|f|
||Fee deposits (see note||13)|132,500|128,500|
|13.|DEFERRED INCOME|||||
|||||2020|2019|
|||||Fee|Fee|
||Balance at 1"September|||deposits
f
150,000|deposits
f
131,500|
||Amount
received during the year|||2,500|18,500|
||Amount
released to the Statement of Financial Activities|||||
||Balance at31"August|||152,500|150,000|
||Due within one year|||20,000|21,500|
||Due between two and||five years|80,000|78,500|
||Due after more than five years|||52,500|50,000|
|||||152,500|150,000|
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||||Balance at|||Balance at|
|---|---|---|---|---|---|---|
||||01.09.2019|Income|Expenditure|31.08.2020|
||||E|E|E|E|
|General|fund||1,797,635|1,614,237|1,506,575|1,905,297|
|School|Bursary|fund|60,850|14,000||74,850|
||||1,858,485|1,628,237|1,506,575|1,980,147|
||||Balance at|||Balance at|
|---|---|---|---|---|---|---|
||||01.09.2018|Income|Expenditure|31.08.2019|
||||f|E|E|f|
|General|fund||1,695,478|1,589,733|1,487,576|1,797,635|
|School|Bursary|fund|60,850|||60,850|
||||1,756,328|1,589,733|1,487,576|1,858,485|
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