2022-08-31-accounts - West Heath 2000

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			Page
Reference and Administrative		Details ofthe Charity, its Trustees and Advisers	1-2
Trustees' Report			3-10
Independent	Auditors' Report	on the Financial Statements	11-14
Consolidated	Statement ofFinancial Activities
Consolidated	Balance Sheet		16-17
Charity Balance Sheet			18-19
Consolidated	Statement ofCash Flows		20
Notes to the	Financial Statements		21-43

REFERENCE AND	REFERENCE AND	REFERENCE AND	ADMINISTRATIVE DETAILS OFTHE CHARITY, ITSTRUSTEES AND ADVISERS	ADMINISTRATIVE DETAILS OFTHE CHARITY, ITSTRUSTEES AND ADVISERS	ADMINISTRATIVE DETAILS OFTHE CHARITY, ITSTRUSTEES AND ADVISERS	ADMINISTRATIVE DETAILS OFTHE CHARITY, ITSTRUSTEES AND ADVISERS
			FOR THE YEAR ENDED		31AUGUST 2022
Trustees			P L Knutton, Chair
			JSFlanagan, Vice Chair
			RWTApps (appointed 15July		2022)
			DP Deeney
			M Heath
			M EA Housley
			W Keeping (appointed 1SJuly 2022)
			H M McClure
			RG Streatfeild (appointed 15July 2022)
			LA Wallace (appointed 15July 2022)
			R PGreco (resigned 15July 2022)
			L Harris (resigned	15July 2022)
			N M Smith (resigned 15July 2022)
Company	registered
number			03571239
Charity registered
number			1069577
Registered		office	West Heath School
			Ashgrove Road
			Sevenoaks
			Kent
			TN13 1SR
Company	secretary		N Marinov (Appointed February 2022)
			C Robinson (Resigned February		2022)
Executive	Leadersip		P Bohacek - Pdncipal
Team			N Marinov - Head	ofFinance
			BFinch - Head of	HR (Maternity	Leave)
			W Foster - Interim	Head ofHR (Resigned		April 2022)
			J Lindo - Interim Head of HR (Appointed			April 2022)
Independent		auditors	Haslers
			Chartered Accountants
			Statutory Auditor
			Old Station Road
			Loughton
			Essex
			IG104PL
Bankers			HSBC
			16King Street
			Covent Garden
			London
			WC2E 8JF

(continued)
g.Summary		ofreserves and investment policies
These two topics are inextricably linked. All reserves have to be held in some way as assets and this matrix sets out how these will be managed. Restricted and Unrestricted funds at 31August 2022 are set out in notes 21 and
22
Class ofReserve			Value at an ime	Trustee review	Permitted		investment
Restricted:	to include ACF		Whatever sum has been	A monthly schedule of	Cash and		near-cash.		Ie
Lease Donation Various			given fora restricted	fund movements is	secure non-risk short-term
Capital Donations for			purpose less actual	produced with the	notice bank deposits				in
Iong- term capital			expenditure made for that	management accounts for	reputable		financial
development		to match	purpose,	review by the finance	institutions		except for
future amortisation.				committee and the full	Restricted		Reserves
				board oftrustees at each	matched		against
				meetin ..	investment		in	fixed assets,
Unrestricted	(including
Desi nated
Operational	Reserve		An amount as calculated	Full financial details	At least 75%as cash				and
			by the finance committee	relating to calculation of	near cash.ie secure non-
			and agreed by the full	reserve to be reviewed	risk short-term			notice
			board oftrustees to cover	annually by the finance	bank deposits			in reputable
			deficits during a period of	committee and full board	financial	institutions.
			restructuring should	oftrustees.
			revenue decrease by a
			si nificant level.
Fixed Asset	Reserve		The net book value of	Ensures that reserves	Fixed assets owned by
			fixed assets owned by the	already invested in long	the Charity.
			Charity, except where	term fixed assets for
			these are matched by	charitable purposes
			Restricted Reserves.	cannot be used for other
				u oses.
Capital Projects and			Proposed Capital	Monthly review by the	Cash.
Cyclical Maintenance			Expenditure already	finance cominittee.
			authorised or listed
			on a 'Priorit Pro'acts' list,
			Bursary	A monthly schedule of	Cash.
				fund movements is
				produced with the
				management accounts for
				review by the finance
				committee and the full
				board oftrustees at each
				meetin .
Free Reserves			Value oftotal	Reviewed along with the	Cash.
			Funds fess Restricted	monthly management
			Reserves and Designated	accounts by the finance
			Reserves and Operational	committee, and allocated
			Reserve and Capital	to capital projects
			Projects.	throughout the course of
				the financial ear..

			Restricted	Unrestricted	Total	Tofa/
			funds	funds	funds	funds
			2022	2022	2022	2021
		Note		E
Income from:
Donations and legacies			398,812	20,000	418,812	378,000
Charitable activities				8,953,978	8,953,978	9,372,725
Other trading activities				142,990	142,990	129,023
Investments				2,656	2,656	$,983
Totai income			398,812	9,'I19,624	9,518,436	9,821, 73'I
Expenditure an:
Charitable activities			509,905	8,575,723	9,085,628	8,87'/, 903
Total expenditure			509,905	8,575,723	9,085,628	8,87$,903
Net movement in funds			(111,093)	543,901	432,808	949,828
Reconciliation offunds:
Total funds brought	forward as
previously stated			487,734	6,685,770	7,173,504	6,223,676
Total funds brought	forward as restated		487,734	6,685,770	7,173,504	6,223,676
Net movement in funds			(111,093)	543,90'I	432,808	949,828
Total funds carried	forward		376,641	7,229,671	7,606,312	7,f73,604

		CONSOLIDATED	BAUNCE SHEET
		AS AT 31AUGUST 2022
			2022		202f
		Note			E
Fixed assets
Tangible assets			3,616,174		2,490,f09
			3,615,174		2,490,109
Current assets
Stocks		13	7,805	5,553
Debtors		14	144,610	182,818
Cash at bank and in hand			4,515,036	4,864,402
			4,667,461	5,052,773
Creditors: amounts	falling due within one
year		15	(426,312)	(221,378)
Net current assets			4,239,139		4,831,395
Total assets less current liabilities			7,754,313		7,321,504
Provisions for liabilities			(148,000)		($48,000)
Net assets exc/uding		pension asset	7,606,313		7,f73,504
Total net assets			7,606,313		7,f73,504
Charity funds
Restricted funds		19	376,641		487,734
Unrestricted funds		19	7,229,672		6,685,770
Total funds			7,606,313		7,173,504

						As restated
				2022		2021
		Note
Rxed assets
Tangible assets				3,515,174		2,489,009
Investments		12		100		100
				3,516,274		2,489,f09
Current assets
Stocks		13	5,058		3,76f
Debtors		14	201,037		255,978
Cash at bank and in hand			4,412,413		4,797,490
			4,618,608		5,057,229
Creditors: amounts	falling due within one
year		15	(397,528)		(f95,380)
Net current assets				4,220,980		4,861,849
Total assets less current liabilities				7,736,254		7,350,958
Provisions for liabilities		17		(148,000)		($48,000)
Total net assets				7,588,254		7,202,958
Charity funds
Restricted funds		19		390,841		487,734
Unrestricted funds		19		7,197,413		6,715,224
Total funds				7,588,254		7,202,958

				2022	2021
				R
Cash flows from operating	activities
Net cash used in operating	activities			1057325	1223 793
Cash flows from investing	activities
Dividends, interests and rents from investments				2,656	1,983
Purchase oftangible fixed assets				(1,409,347)	(511,301)
Net cash used in investing	activities			(1 406 691)	(509318)
Cash flows from financing	activities
Net cash provided by financing activities
Change in cash and cash	equivalents	in	the year	(349,366)	714,475
Cash and cash equivalents	at the beginning		ofthe year	4,864,402	4,149,927
Cash and cash equivalents	at the end	of	the year	4,515,036	4,864,402
The notes on pages 21 to43form part ofthese financial statements

Leasehold improvements	- 6-20 years
Motor vehicles	- 4 years
Fixtures and fittings	- 3years

					Unrestricted	Total	Total
					funds	funds	funds
					2022	2022	2021
						K
	School	fees			8,953,978	8,953,978	9,312,725
	Total 2021				9,312,725	9,312,725
5.	Income	from other trading	activities
	Income	from fundraising	events
				Restricted	Unrestricted	Total	Total
				funds	funds	funds	funda
				2022	2022	2022	2021
	Lettings	&other school income			23,967	23,957	92,662
	West Heath Centre income				119,023	119,023	35,536
	Other income						825
					142,990	142,990	129,023
	Total 2021			825	128,198	129,023

		Unrestricted	Total	Total
		funds	funds	funds
		2022	2022	2021
Bank	interest	2,656	2,656	1,983
Total	2021	1,983	1,983

		Activities
		undertaken	Support	Total	Tofa(
		directly	costs	funds	funds
		2022	2022	2022	2021
				E
Educational	operations	5,966,366	3,051,299	9,017,665	8,833,614
Event costs		39,243	28,720	67,963	38,288
		6,005,609	3,080,019	9,085,628	8,871,903
Tofa/2021		5,897,718	2,974,184	8,871,902
Analysis of	direct costs

		Total	Total
		funds	funds
		2022	2021
		E
Staff costs		5,503,607	5,347,442
Educational	supplies	190,299	171,929
Staff training		65,624	73,968
Courses and	training fees	246,078	304,379
		6,005,608	5,897,718

		Educational		Total	Total
		operations	Events	funds	funds
		2022	2022 F	2022	2021f
Staff costs		141,476	9,888	151,364	171,680
Depreciation		355,951	2,085	358,036	456,460
Agency staff		203,972		203,972	16'l,610
ITexpenses		44,826		44,828	131,044
Vehicle costs		24,589		24,589	25,902
Rent & rates		524,694		524,694	522,459
Travel costs		160,332		180,332	99,605
Cleaning costs		196,886	987	197,873	I88,831
Printing, postage and telephone		37,477		37,477	46,835
Marketing		19,494	8,732	28,228	5,490
Repairs &maintenance		530,240		530,240	421,042
Catering		232,600		232,600	228,013
Insurance		219,004		219,004	14T,672
Legal & Professional		144,730	2,225	146,955	122,282
General expenses		12,059		12,059	19,035
Subscriptions		18,073		18,073	11,233
School trips		61,093		81,093	21,184
Bank charges		676	4,504	5,180	3,595
Bad debts		10,000		10,000	78,573
Recruitment	costs	113,'I27		113,127	111,639
Wedding furnishings			299	299
		3,051,299	28,720	3,080,019	2,974,184
Total 2021		2,947,859	26,326	2,974,184

Auditors' remuneration
						2022	202$
Fees payable tothe Charity's	auditor		forthe audit ofthe Charity's		annual
accounts						17,250	21,285
Fees payable to the Charity's	auditor		in respect of:
All taxation advisory services	not	included		above		500	1,050
All non-audit services not included		above				1,250	3,500

Staff costs
				Group	Group	Company	Company
				2022	202f	2022	2027
Wages and	salaries			4,633,693	4,520,347	4,607,960	4,483,550
Social security costs				405,401	407,272	405,401	407,272
Contiibution	to defined	contribution	pension
schemes				615,877	597,563	615,877	591,563
				5,654,971	5,519,f22	5,629,238	5,482,325

			Group	Group
			2022	2027
			No.	No.
Direct charitable			118	f38
Administration		and support	59	37
Subsidiary	company			7
			178	't76

Group	Group
2022	2021
No.	No.

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	Investments
	in
	subsidiary
	companies
Charity	E
Cost or valuation
At 1 September 2021	100
At 31August 2022	100
Net book value
At 31August 2022	100
At31August 2021	100

The following	was a subsidi	ary undertaking o	ary undertaking o	fthe Charity:
Name		Company		Registered	office or principal		Class of	Holding
		number		place ofbusiness			shares
West Heath	Centre Limited	05355486		West Heath	School, Ashgrove		Ordinary	1004/o
				Road, Kent,	TN131SR
The financial	results ofthe	subsidiary	for the	year were:
Name				income	Expenditure	E Profit/(Loss) ISurplus/		Net assetsf
						(Deficit) for
							the year
							E
West Heath	Centre Limited			119,023	(32,268)		4T,513	18,159

				Group	Group	Company	Company
				2022	2021	2022	2021
					E	f.
Goods	to	be	sold	7,805	5,553	5,058	3,761

			Group		Company
		Group	As restatert	Company	As restated
		2022	2021	2022	2021
Due within one year
Trade debtors		11,975	88,549	5,871	86,177
Amounts owed by group undertakings				62,S31	75,532
Other debtors		5,796	10,428	5,796	10,428
Prepayments	and accrued income	126,839	83,841	126,839	83,841
		144,610	182,818	201,037	255,978

		Group	Group	Company	Company
		2022	2021	2022	2021
			E
Trade creditors		11,318		9,718
Other taxation and social security		156,327	14,751	138,351
Other creditors		36,167	57,815	36,167	57,815
Accruals and deferred	income	224,500	148,812	213,292	137,565
		428,312	221,378	397,528	195,380

				Group	Group	Company	Company
				2022	202i	2022	202i
					E	R
Deferred	income at 1 September			33,220	49,246	21,841	2i,84i
Resources deferred		during the year			33,220		2i,84i
Amounts	released	from previous	periods	(33,220)	(49,246)	(21,841)	(2i,84i)
					33,220		2i,84i

			Group	Group	Company	Company
			2022	202i	2022	202i
Financial assets
Financial	assets measured	at fair value
through	income and expenditure		4,515,036	4,864,402	4,412,413	4,797,490

				Other
				provisionf
At	1	September	2021	148,000
				148,000

				Other
				provision
At	1	September	2021	148,000
				148,000

Statement offunds	-current year
		As restated
		Balance at 1			Balance at
		September			31August
		2021	Income	Expenditure	2022
		E	K		f.
Unrestricted funds
Designated funds
Capital projects and	cyclical maintenance	1,674,400		(1,177,400)	497,000
Fixed Assets (iess restricted funds)		2,213,308	1,407,122	(359,138)	3,26'I,292
Operational reserve	fund	1,500,000			1,500,000
Bursary Fund		239,835	60,805	(51,125)	249,515
		5,627,543	1,467,927	(1,587,663)	5,507,807
General funds
Unrestricted funds		1,058,227	7,651,698	(6,988,060)	1,721,865
Total Unrestricted	funds	6,685,770	9,119,625	(8,575,723)	7,229,672
Restricted funds
ACF Lease - building	and maintenance	201,661	350,000	(448,128)	103,533
Courtyard Fund		276,801		(24,605)	252,196
Camiila Nurse Fund		8,250	28,000	(36,150)	100
Outdoor Education		916		(916)
Beauty Room		106		(106)
Variety			20,812		20,812
		487,734	398,812	(509,905)	376,641
Total offunds		7,173,504	9,518,437	(9,085,628)	7,606,313

Statement offunds		- prior year
						As restated
			Balance at			Balance at
			1September			31August
			2020	Income	Expenditure	2021
Unrestricted funds
Designated funds
Capital projects and		cyclical maintenance	1,247,600	1,674,400	(1,247,600)	1,674,400
Fixed Assets (less restricted funds)			2,389,952		(176,644)	2,213,308
Operational reserve	fund		1,500,000			1,500,000
Bursary Fund			333,873	(37,490)	(56,548)	239,835
			5,471,425	1,636,910	(1,480,792)	5,627,543
General funds
Unrestricted funds			1,058,227	7,805,996	(7,805,996)	1,058,227
Total Unrestricted	funds		6,529,652	9,442,906	(9,286, 788)	6,685,770
Restricted funds
ACF l ease - buildings		and maintenance	222,680	350,000	(371,019)	201,661
Courtyard Fund			301,406		(24,605)	276,801
Camilia Nurse Fund			8,250	28,000	(28,000)	8,250
Outdoor Education			91	825		916
Beauty Room			106			106
			532,533	378,825	(423,624)	487,734
Total offunds			7,062,185	9,821,731	(9,710,412)	7,173,504

		As restated
		Balance at 1			Balance at
		September			31August
		2021	Income	Expenditure	2022
			f.		F
Designated	funds	5,627,543	1,467,927	(1,587,663)	5,507,807
General funds		1,058,227	7,651,698	(6,988,060)	1,72'I,866
Restricted	funds	487,734	398,812	(509,905)	376,641
		7,173,604	9,618,437	(9,086,628)	7,606,313

Summary	offunds - prior year
					As restated
		Balance at			Balance at
		1September			31August
		2020f	tncome	Expendituref	2021f
Designated	funds	5,471,425	1,636,910	(1,480,792)	5,627,543
General funds		1,058,227	7,805,996	(7,805,996)	1,058,227
Restricted	funds	532,533	378,825	(423,624)	487,734
		7,062,185	9,821,731	(9,710,412)	7,173,504

Analysis ofnet assets between funds -current	year
	Restricted	Unrestricted	Total
	funds	funds	funds
	2022	2022	2022
Tangible fixed assets	252,916	3,262,258	3,616,1'74
Current assets	123,725	4,543,726	4,667,451
Creditors due within one year		(428,312)	(428,312)
Provisions for liabilities and charges		(148,000)	(148,000)
Total	376,641	7,229,672	7,606,313

Analysis ofnet assets between funds - prior ye	ar
			As restated
	Restricted	Unrestricted	Tote/
	funds	funds	funds
	2021	202$	2021
Tangible fixed assets	276,907	2,213,202	2,490,$09
Current assets	2f0,826	4,84f,947	5,052,773
Creditors due within one year		(22f,378)	(221,378)
Provisions for liabilities and charges		(148,000)	(f48,000)
	487,733	6,685,771	7,173,504

Reconciliation of	net movement	In fund	s to net cash flow from oper	ating activities
				Group	Group
				2022	2021
				E
Net income for the	year (as per Statement		ofFinancial Activities)	432,808	949,828
Adjustments for:
Depreciation charges				381,158	477,666
Dividends, interests	and rents from	investments		(2,656)	(1,983)
Decrease/(increase)	in debtors			121,322	($49,01f)
Increase/(decrease)	in creditors			124,693	(52,707)
Net cash provided	by operating	activities		1,057,325	1,223,793

Analy	sis ofcash and cash equivalents
		Group	Group
		2022	202f
		E	E
Cash	in hand	4,515,036	4,864,402
Total	cash and cash equivalents	4,515,036	4,864,402