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|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|
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|||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|
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|||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||
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||||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|
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|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|
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||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|
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|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|
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|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|
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