2021-08-31-accounts - Hampshire Christian Education Trust

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		Page
Report ofthe Trustees	1	to	7
Report ofthe Independent Auditors	Sto11
Statement ofFinancial Activities		12
Balance Sheet		13
Cash Flow Statement		14
Notes to the Cash Flow Statement		15
Notes to the Financial Statements	16 to		26

					2021	2020
			Unrestricted	Restricted	Total	Total
		Notes	funds F	funds f	funds 6	funds f
INCOME AND ENDOWMENTS	FROM
Donations and legacies		2	16,418	112,135	128,553	22,132
Charitable activities
Advancement of education			1,724,014	1,000	1,725,014	1,609,269
Other trading activities Investment income			6,687 5,341	42	6,729 5,341	4,859 8,444
Total			1,752,460	113,177	1,865,637	1,644,704
EXPENDITURE ON
Raising funds		6	12,987		12,987	11,496
Charitable activities
Advancement of education			1,386,503		1,386,503	1,367,148
Total			1,399,490		1,399,490	1,378,644
NET INCOME			352,970	113,177	466,147	266,060
Other recognised gains/(losses) Gains on revaluation offixed assets						536,343
Net movement in funds			352,970	113,177	466,147	802,403
RECONCILIATION OF FUNDS
Total funds brought forward			1,862,488		1,862,488	1,060,085
TOTAL FUNDS CARRIED FORWARD			2,215,458	113,177	2,328,635	1,862,488

	BALANCE SHEET 31AUGUST 2021
	Notes	2021 6	2020 f
FIXEDASSETS
Intangible assets Tangible assets	14 15	900 2,098,287	1,800 2,128,261
		2,099,187	2,130,061
CURRENT ASSETS
Debtors Cash at bank	16	18,233 990,787	58,264 604,296
		1,009,020	662,560
CREDITORS
Amounts falling due within one year	17	(347,054)	(432,280)
NET CURRENT ASSETS		661,966	230,280
TOTAL ASSETSLESSCURRENT
LIABILITIES		2,761,153	2,360,341
CREDITORS
Amounts falling due after more than one	year 18	(432,518)	(497,853)
NET ASSETS		2,328,635	1,862,488
FUNDS	22
Unrestricted funds Restricted funds		2,215,458 113,177	1,862,488
TOTAL FUNDS		2,328,635	1,862,488

FOR THE YEAR ENDED	31AUGUST 2021
	2021	2020
Notes	8	6
Cash flows from operating activities Cash generated from operations 1 interest paid Finance costs paid	424,970 (12,279) (12,987)	124,824 (17,612) (11,197)
Net cash provided by operating activities	399,704	96,015
Cash flows from investing activities Purchase oftangible fixed assets Interest received Finance interest income	(18,554) 203 5,138	(20,462) 1,328 7,116
Net cash used in investing activities	(13,213)	(12,018)
Change in cash and cash equivalents in the reporting period	386,491	83,997
Cash and cash equivalents at the beginning ofthe reporting period	604,296	520„299
Cash and cash equivalents at the end ofthe reporting period	990,787	604,296

		2021	2020
		6	f
Net income for the reporting	period (as per the Statement of
Financial Activities) Adjustments for:		466,147	266,060
Depreciation charges Interest received Interest paid Finance costs Amortisation charges Finance interest income Decrease/(increase) in debtors Decrease in creditors		48,528 (203) 12,279 12,987 900 (5,138) 40,031 (150,561)	53,013 (1,328) 17,612 11,197 900 (7,116) (13,734) (201,780)
Net cash provided by operations		424,970	124,824

Net cash	At 1.9.20 f	Cash flow	At 31.8.21 6
Cash at bank	604,296	386,491	990,787
	604,296	386,491	990,787
Debt
Debts falling due within 1 year Debts falling due after 1 year	(118,678) (443,310)	70,173 56,532	(48,505) (386,778)
	(561,988)	126,705	(435,283)
Total	42,308	513,196	555,504

	INCOME FROM CHARITA	BLE ACTIVITIE	S
	School fees and bursaries School trips and sales Rental income Sundry income Grants	Activity Advancement Advancement Advancement Advancement Advancement	of education ofeducation of education of education ofeducation		2021f 1,701,172 19,062 880 3,900	2020 1,543,242 33,234 1,830 2,831 28,132
					1,725,014	1,609,269
	Grants received, included	in the above, are	as follows:		2021 F	2020 f
	Job retention scheme					28,132
6.	RAISING FUNDS
	Raising donations and legacies				2021 F	2020 f
	Sundries Finance cost				12,987	299 11,197
					12,987	11,496
7.	CHARITABLE ACTIVITIES COSTS
				Direct	Support
				Costs (see	costs (see
				note 8) F	note 9) f	Totals f
	Advancement of education			1,099,315	287,188	1,386,503
8.	DIRECT COSTS OF CHARITABLE ACTIVITIES
					2021f	2020 f
	Staff costs Educational resources				698,537 43,948	654,661 34,916
	Trips, camps and events Training DBSand licences Fundraising costs Bursaries				20,986 538 10,895 24,740 299,671	25,761 1,964 7,976 16,576 354,043
					1,099,315	1,095,897

SUPPORT COSTS
				Governance
			Management	costs f	Totals 6
Advancement ofeducation			282,176	5,012	287,188
Support costs, included	in	the above, are as follows:
Management
				2021	2020
				Advancement
				of	Total
				education	activities
				6
Wages Hire of plant and machinery Rates and water Insurance Light and heat Minibus and car park expenses Legal and professional fees Repairs and maintenance Stationery, postage and phone				102,000 18,044 14,966 16,438 7,963 3,352 8,602 23,353 18,373	80,900 16,936 11,454 16,935 8,326 2,697 10,804 19,849 17,911
Sundry expenses Bad debts Donations Amortisation of intangible		fixed assets		7,377 900	5,417 2,664 1,020 900
Depreciation oftangible Bank interest Mortgage interest Loan interest	assets			48,529 1,633 10,150 496	53,014 1,855 13,537 2,220
				282,176	266,439
Governance costs
				2021	2020
				Advancement
				of	Total
				education E	activities f
Auditors' remuneration				5,012	4,812
NET INCOME/(EXPENDITURE)
Net income/(expenditure)		is stated after charging/(crediting):
				2021	2020
					F
Auditors' remuneration Depreciation -owned assets Hire of plant and machinery Website amortisation				5,012 48,528 18,044 900	4,812 53,013 16,936 900

STAFF COSTS
			2021 E	2020 f
Wages and salaries Social secudity costs Other pension costs			749,356 39,161 12,020	688,551 35,890 11,120
			800,537	735,561
The average monthly	number ofemployees	during the year was as follows:
			2021	2020
Advancement of Education Support staff			58 9	55 8
			67	63

F115,541).This does not include remunerati	F115,541).This does not include remunerati	F115,541).This does not include remunerati	on for trustees,	all ofwhich is r	eported as per	note 11.
COMPARATIVES FOR THE S'TATENIENT			OF FINANCIAL	ACTIVITIES
				Unrestricted	Restricted	Total
				funds	funds	fundsf
INCOME AND	ENDOWMENTS	FROM
Donations and	legacies			22,132		22,132
Charitable activities
Advancement	of education			1,581,137	28,132	1,609,269
Other trading activities Investment income				4,859 8,444		4,859 8,444
Total				1,616,572	28 132	1 644 704
EXPENDITURE ON
Raising funds				11,496		11,496
Charitable activities
Advancement	of education			1,339,016	28,132	1,367,148
Total				1,350,512	28,132	1,378,644
			P20			continued. ..

	HAMPSHIRE CHRISTIAN EDUCATION TRUST NOTES TO THE FINANCIAL STATEMENTS -continued FOR THE YEAR ENDED 31AUGUST 2021	HAMPSHIRE CHRISTIAN EDUCATION TRUST NOTES TO THE FINANCIAL STATEMENTS -continued FOR THE YEAR ENDED 31AUGUST 2021	HAMPSHIRE CHRISTIAN EDUCATION TRUST NOTES TO THE FINANCIAL STATEMENTS -continued FOR THE YEAR ENDED 31AUGUST 2021	HAMPSHIRE CHRISTIAN EDUCATION TRUST NOTES TO THE FINANCIAL STATEMENTS -continued FOR THE YEAR ENDED 31AUGUST 2021	HAMPSHIRE CHRISTIAN EDUCATION TRUST NOTES TO THE FINANCIAL STATEMENTS -continued FOR THE YEAR ENDED 31AUGUST 2021
13.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -continued
				Unrestricted	Restricted	Total
				funds f	funds 6	fundsf
	NET INCOME			266,060		266,060
	Other recognised	gains/(losses)
	Gains on revaluation		offixed assets	536,343		536,343
	Net movement in funds			802,403		802,403
	RECONCILIATION	OF FUNDS
	Total funds brought		forward	1,060,085		1,060,085
	TOTAL FUNDS CARRIED FORWARD			1,862,488		1,862,488
14.	INTANGIBLE FIXED		ASSETS
						Website
	COST					F
	At 1 September 2020		and
	31 August 2021					4,500
	AMORTISATION
	At 1 September 2020 Charge for year					2,700 900
	At 31August 2021					3,600
	NET BOOK VALUE
	At 31 August 2021					900
	At 31 August 2020					1,800

TANGIBLEFIXEDASSETS
					Fixtures
			Freehold	Plant and	and
			property 6	machinery	fittings 6
COST At 1 September 2020 Additions Disposals		2,100,000		21,244 247 (1,499)	74,745 8,198 (222)
At 31 August 2021		2,100,000		19,992	82,721
DEPRECIATION At 1 September 2020 Charge for year Eliminated on disposal			29,600	18,312 1,011 (1,499)	61,724 7,251 (222)
At 31 August 2021			29,600	17,824	68,753
NET BOOK VALUE At 31 August 2021		2,070,400		2,168	13,968
At 31 August 2020		2,100,000		2,932	13,021
			Motor	Computer
			vehicles 6	equipment f	Totals 6
COST At 1 September 2020 Additions Disposals			14,700	70,861 10,109 (15,783)	2,281,550 18,554 (17,504)
At 31 August 2021			14,700	65 187	2 282 600
DEPRECIATION At 1 September 2020 Charge for year Eliminated on disposal			14,700	58,553 10,666 (15,783)	153,289 48,528 (17,504)
At 31 August 2021			14,700	53,436	184,313
NET BOOK VALUE At 31 August 2021				11,751	2,098,287
At 31 August 2020				12,308	2,128,261
Cost or valuation offreehold	property at 31 August	2021 is represented		by:
Revaluation in 2020 Revaluation in 2015 Revaluation in 2010 Cost					200,000 272,285 (421,687) 2 049402
					2,100,000
The Trust's other tangible fixed assets are included		at cost.

DEBTORS:AMOUNTS F	ALLING DUE WITHIN	ONE YEAR
Trade debtors Other debtors Prepayments		2021 f (18,351) 7,581 29,003	2020 F 26,546 4,044 27,674
		18,233	58,264
CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 19) Other loans (see note 19) Feesin advance Trade creditors Social security and other taxes Other creditors Accruals and deferred income		2021 f 48,505 251,179 24,052 9,779 502 13,037	2020 F 57,955 60,723 273,998 18,709 5,494 1,192 14,209
		347,054	432,280
Fees in advance represents	school fees received	in advance for future academic years.
		2021 f	2020
Brought forward Amount released to incoming resources Amount deferred in year		328,542 (182,884) 146,457	344,484 (186,164) 170,222
Carried forward		292,114	328,542

MOVEMENT IN FUNDS
					Net
					movement	At
				At 1.9.20 8	in funds F	31.8.21 f
Unrestricted funds
General fund Revaluation reserve Enrichment fund				1,765,120 50,598 46,770	349,943 3,027	2,115,063 50,598 49,797
Restricted funds				1,862,488	352,970	2,215,458
Muga fund					113,177	113,177
TOTAL FUNDS				1,862,488	466,147	2,328,635
Net movement in funds,	included		in the above	are as follows:
				Incoming	Resources	Movement
				resources f	expended 8	in funds
Unrestricted funds
General fund Enrichment fund				1,742,027 10,433	(1,392,084) (7,406)	349,943 3,027
Restricted funds				1,752,460	(1,399,490)	352,970
Muga fund				113,177		113,177
TOTAL FUNDS				1,865,637	(1,399,490)	466,147
Comparatives for movement		in	funds
					Net
					movement	At
				At 1.9.19 f	in funds 6	31.8.20 6
Unrestricted funds
General fund Revaluation reserve Enrichment fund				1,022,943 37,142	742,177 50,598 9,628	1,765,120 50,598 46,770
				1,060,085	802,403	1,862,488
TOTAL FUNDS				1,060,085	802,403	1,862,488