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|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|7|
|Report ofthe Independent<br>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|





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||||||2021|2020|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
|||Notes|funds<br>F|funds<br>f|funds<br>6|funds<br>f|
|INCOME AND ENDOWMENTS|FROM||||||
|Donations<br>and legacies||2|16,418|112,135|128,553|22,132|
|Charitable<br>activities|||||||
|Advancement<br>of education|||1,724,014|1,000|1,725,014|1,609,269|
|Other trading<br>activities<br>Investment<br>income|||6,687<br>5,341|42|6,729<br>5,341|4,859<br>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<br>activities|||||||
|Advancement<br>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<br>gains/(losses)<br>Gains on revaluation<br>offixed assets||||||536,343|
|Net movement<br>in funds|||352,970|113,177|466,147|802,403|
|RECONCILIATION<br>OF FUNDS|||||||
|Total funds brought<br>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|





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






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





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



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





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





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





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



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|F115,541).This does not include remunerati|F115,541).This does not include remunerati|F115,541).This does not include remunerati|on<br>for trustees,|all ofwhich<br>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<br>and|legacies|||22,132||22,132|
|Charitable<br>activities|||||||
|Advancement|of education|||1,581,137|28,132|1,609,269|
|Other trading<br>activities<br>Investment<br>income||||4,859<br>8,444||4,859<br>8,444|
|Total||||1,616,572|28 132|1 644 704|
|EXPENDITURE ON|||||||
|Raising funds||||11,496||11,496|
|Charitable<br>activities|||||||
|Advancement|of education|||1,339,016|28,132|1,367,148|
|Total||||1,350,512|28,132|1,378,644|
||||P20|||continued. ..|





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||HAMPSHIRE CHRISTIAN EDUCATION TRUST<br>NOTES TO THE FINANCIAL STATEMENTS -continued<br>FOR THE YEAR ENDED 31AUGUST 2021|HAMPSHIRE CHRISTIAN EDUCATION TRUST<br>NOTES TO THE FINANCIAL STATEMENTS -continued<br>FOR THE YEAR ENDED 31AUGUST 2021|HAMPSHIRE CHRISTIAN EDUCATION TRUST<br>NOTES TO THE FINANCIAL STATEMENTS -continued<br>FOR THE YEAR ENDED 31AUGUST 2021|HAMPSHIRE CHRISTIAN EDUCATION TRUST<br>NOTES TO THE FINANCIAL STATEMENTS -continued<br>FOR THE YEAR ENDED 31AUGUST 2021|HAMPSHIRE CHRISTIAN EDUCATION TRUST<br>NOTES TO THE FINANCIAL STATEMENTS -continued<br>FOR THE YEAR ENDED 31AUGUST 2021||
|---|---|---|---|---|---|---|
|13.|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -continued||||||
|||||Unrestricted|Restricted|Total|
|||||funds<br>f|funds<br>6|fundsf|
||NET INCOME|||266,060||266,060|
||Other recognised|gains/(losses)|||||
||Gains on revaluation||offixed assets|536,343||536,343|
||Net movement<br>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<br>Charge for year|||||2,700<br>900|
||At 31August 2021|||||3,600|
||NET BOOK VALUE||||||
||At 31 August 2021|||||900|
||At 31 August 2020|||||1,800|





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





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



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|MOVEMENT<br>IN FUNDS|||||||
|---|---|---|---|---|---|---|
||||||Net||
||||||movement|At|
|||||At 1.9.20<br>8|in funds<br>F|31.8.21<br>f|
|Unrestricted<br>funds|||||||
|General<br>fund<br>Revaluation<br>reserve<br>Enrichment<br>fund||||1,765,120<br>50,598<br>46,770|349,943<br>3,027|2,115,063<br>50,598<br>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<br>in funds,|included||in the above|are as follows:|||
|||||Incoming|Resources|Movement|
|||||resources<br>f|expended<br>8|in funds|
|Unrestricted<br>funds|||||||
|General<br>fund<br>Enrichment<br>fund||||1,742,027<br>10,433|(1,392,084)<br>(7,406)|349,943<br>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<br>for movement||in|funds||||
||||||Net||
||||||movement|At|
|||||At 1.9.19<br>f|in funds<br>6|31.8.20<br>6|
|Unrestricted<br>funds|||||||
|General<br>fund<br>Revaluation<br>reserve<br>Enrichment<br>fund||||1,022,943<br>37,142|742,177<br>50,598<br>9,628|1,765,120<br>50,598<br>46,770|
|||||1,060,085|802,403|1,862,488|
|TOTAL FUNDS||||1,060,085|802,403|1,862,488|



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