| Contents | Page | ||
|---|---|---|---|
| Governors' Report |
1—7 | ||
| Independent | auditor's | report to the members | 8 —10 |
| Statement of | Financial | Activities | 11 |
| Balance Sheet | 12 | ||
| Statement of | Cash Flows | 13 | |
| Notes to the financial | statements | 14-25 |
| Notes | Unrestricted | Unrestricted | ||
|---|---|---|---|---|
| funds | funds | |||
| 2021 | 2020 | |||
| E | E | |||
| INCOME FROM | ||||
| Charitable activities |
||||
| School fees receivable | 2 | 1,667,372 | 1,505,023 | |
| Registration fees |
3,300 | 3,080 | ||
| After school activities and trips | 46,004 | 16,979 | ||
| Donations and legacies |
5,000 | 1,420 | ||
| Other trading activities: | ||||
| Rents and lettings | 1,950 | 13,590 | ||
| Investment income |
3,176 | 2,258 | ||
| CIRSGrant | 2,807 | 61,841 | ||
| Other income | 5,239 | 24,046 | ||
| Total Income | 1,734,848 | 1,628,237 | ||
| EXPENDITURE ON | ||||
| Charitable activities: |
||||
| School operating costs |
1,563,041 | 1,506,575 | ||
| Total expenditure | 7 | 1,563,041 | 1,506,575 | |
| NET INCOME FOR THE YEAR AND NET MOVEMENT | IN FUNDS | 171,807 | 121,662 | |
| RECONCILIATION OF FUNDS |
||||
| Funds brought forward at 1"September 2020 | 1,980,147 | 1,858,485 | ||
| Funds carried forward at31"August 2021 | 2,151,954 | 1,980,147 |
| Notes | 2021 | 2020 | ||||
|---|---|---|---|---|---|---|
| E | ||||||
| FIXEDASSETS | ||||||
| Tangible assets | ||||||
| School land, | buildings and equipment |
887,968 | 906,121 | |||
| CURRENT ASSETS | ||||||
| Debtors | 10 | 122,356 | 80,590 | |||
| Investment: | cash on short-term | deposit | 537,700 | 534,876 | ||
| Cash | 907,283 | 750,913 | ||||
| 1,567,339 | 1,366,379 | |||||
| CREDITORS: | Due within | one year | ( 172,353) | ( 159,853) | ||
| Net Current | Assets | 1,394,986 | 1,206,526 | |||
| Total Assets | less Current | Liabilities | 2,282,954 | 2,112,647 | ||
| CREDITORS: | Due after more than one year | |||||
| Final term deposits | 12 | ( 131,000) | ( 132,500) | |||
| NET ASSETS | 2,151,954 | 1,980,147 | ||||
| UNRESTRICTED FUNDS: | 15 | |||||
| Designated: | Scholarship | fund | 89,350 | 74,850 | ||
| General fund |
2,062,604 | 1,905,297 | ||||
| TOTAL FUNDS | 2,151,954 | 1,980,147 |
| 2021 f |
2021 f |
2020f | ||||
|---|---|---|---|---|---|---|
| CASH PROVIDED BYOPERATING ACTIVITIES | ||||||
| NET INCOME | 171,807 | 121,662 | ||||
| Add back depreciation charge |
32,688 | 38,329 | ||||
| (Deduct)/Add back loss on disposal offixed |
( | 59) | 163 | |||
| assets | ||||||
| Deduct interest income in investing activities |
( | 3,176) | ( | 2,258) | ||
| increase in debtors |
( | 41,766) | ( | 31,867) | ||
| Increase in creditors |
11,000 | 69,588 | ||||
| NET CASH INFLOW FROM OPERATING | ACTIVITIES | 170,494 | 195,617 | |||
| CASH FLOWS FROM INVESTING ACTIVITIES | ||||||
| Interest income | 3,176 | 2,258 | ||||
| Net additions to investments | ( | 2 824) | ( | 430,091) | ||
| Cash proceeds from disposal oftangible | fixed assets | 222 | ||||
| Purchase oftangible fixed assets |
( | 14,698) | ( | 15,496) | ||
| CASH USED IN INVESTING ACTIVITIES | ( | 14,124) | (443,329) | |||
| INCREASE /(DECREASE) IN CASH FOR THE | 156,370 | (247,712) | ||||
| YEAR | ||||||
| Cash and cash equivalents at the beginning |
750,913 | 998,625 | ||||
| ofthe year | ||||||
| TOTAL CASH AND CASH EQUIVALENTS | AT | |||||
| THE END OF THE YEAR | 907,283 | 750,913 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| f | E | |||
| Gross school fees | 1,706,388 | 1,668,994 | ||
| Less:Total | Scholarships, | sibling and other discounts | (39,016) | (163,971) |
| 1,667,372 | 1,505,023 | |||
| ONATIONS | AND LEGACIES | |||
| 2021 | 2020 | |||
| E | f | |||
| Sundry donations | 5,000 | 1,420 | ||
| 5,000 | 1,420 |
| TAFF COSTS | ||||
|---|---|---|---|---|
| 2021 | 2020 | |||
| E | E | |||
| Wages and salaries | 923,917 | 921,530 | ||
| Socia I security | costs | 73,097 | 63,710 | |
| Pension contributions | 117,958 | 112,354 | ||
| 1,114,972 | 1,097,594 | |||
| No. | No. | |||
| The average number ofemployees | in the year: | |||
| Teaching | 30 | 28 | ||
| Administration | 8 | 8 | ||
| The following | number ofemployees | received: | ||
| E60,000-f70,000 emoluments |
| 7 | (a) EXPENDITURE | Staff | Other | Depreciation | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
| costs | and loss on | ||||||
| disposal | |||||||
| E | |||||||
| Charitable Expenditure |
|||||||
| School operating costs: | |||||||
| Teaching costs | 1,114,972 | 72,525 | 1,187,497 | 1,165,261 | |||
| Premises | 141,056 | 32,629 | 173,685 | 139,934 | |||
| Support costs (b) | 197,119 | 197,119 | 192,043 | ||||
| Finance costs | 4,717 | ||||||
| Governance costs |
4,740 | 4,740 | 4,620 | ||||
| 1,114,972 | 415,440 | 32,629 | 1,563,041 | 1,506,575 | |||
| 7 | (b) EXPENDITURE - Other | disclosures | 2021 | 2020 | |||
| E | E | ||||||
| Support costs include: | |||||||
| Outings | 31,472 | 33,509 | |||||
| Advertising and printing |
47,317 | 34,128 | |||||
| Utilities | 31,895 | 28,741 | |||||
| Insurance | 16,741 | 14,555 | |||||
| Office expenses | 7,736 | 11,145 | |||||
| Other expenses | 36,649 | 4,113 | |||||
| Other legal and professional | costs | 18,948 | 59,605 | ||||
| Auditor's remuneration: |
for other | services | 6,361 | 6,247 | |||
| 197,119 | 192,043 | ||||||
| Governance costs include: |
|||||||
| Auditor's remuneration: |
for audit | 4740 | 4 620 |
| Freehold | Freehold | Fixtures | Fixtures | Computer | Computer | Total | ||
|---|---|---|---|---|---|---|---|---|
| land f |
buildings f |
and | fittings | equipment f |
||||
| Cost | ||||||||
| 1"September 2020 | 275,000 | 783,008 | 139,368 | 103,899 | 1,301,275 | |||
| Additions | 5,838 | 8,860 | 14,698 | |||||
| Disposals | ( | 13,166) | ( | 1,109) | ( | 14,275) | ||
| 31"August 2021 | 275,000 | 783,008 | 132,040 | 111,650 | 1,301,698 | |||
| Depreciation | ||||||||
| 1"September 2020 | 181,862 | 124,068 | 89,224 | 395,154 | ||||
| Charge for the year | 12,216 | 7,063 | 13,409 | 32,688 | ||||
| Released on disposal | ( | 13,166) | ( | 946) | ( | 14,977) | ||
| 31"August 2021 | 194,078 | 117,965 | 101,687 | 413,730 | ||||
| Net book value | ||||||||
| 31"August 2021 | 275,000 | 588,930 | 14,075 | 9,963 | 887,968 | |||
| 31"August 2020 | 275,000 | 601,146 | 15,300 | 14,675 | 906,121 |
| EBTORS | ||
|---|---|---|
| 2021 | 2020 | |
| f | f | |
| Due within one year: | ||
| Fees | 73,931 | 38,250 |
| Other | 4,944 | 6,325 |
| Prepayments | 43,481 | 36,015 |
| 122,356 | 80,590 |
| 11 | .CREDITORS: amounts | falling due within one year | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| f | E | |||
| Trade creditors | 21,638 | 37,991 | ||
| Other taxation and social security costs | 18,652 | |||
| Accruals and deferred | income | 130,715 | 75,051 | |
| Fee deposits (see note 13) | 20,000 | 20,000 | ||
| Other creditors | 8,159 | |||
| 172,353 | 159,853 | |||
| 12. | CREDITORS: amounts | falling due after more than one year | ||
| 2021 | 2020 | |||
| E | f | |||
| Fee deposits (see note 13) | 131,000 | 132,500 | ||
| 13. | DEFERRED INCOME | |||
| 2021 | 2020 | |||
| Fee | Fee | |||
| deposits | deposits | |||
| Balance at 1"September | 152,500 | E 150,000 |
||
| Amount received during the year |
13,000 | 2,500 | ||
| Amount released to the Statement of Financial Activities |
(14,500) | |||
| Balance at31"August | 151,000 | 152,500 | ||
| Due within one year | 20,000 | 20,000 | ||
| Due between two and |
five years | 82,000 | 80,000 | |
| Due after more than five years | 49,000 | 52,500 | ||
| 151,000 | 152,500 |