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2021-08-31-accounts

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EN
PRAESTAT OPES SAPIENTIA
HAMPTON SCHOOL
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(A Charitable Company Limited by Guarantee)

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2021

Registered Company No: 06264434 Registered Charity No: 1120005

HAMPTON SCHOOL

CONTENTS Page
Chair’s Report 1
Legal and Administrative Information 2-3
Governors’ Report 4-20
Independent Auditor’s Report 21-23
Consolidated Statement of Financial Activities 24-25
Consolidated Balance Sheet 26
School Balance Sheet 27
Consolidated Cash Flow Statement 28-29
Notes to the Financial Statements 30-50

HAMPTON SCHOOL - CHAIR’S REPORT - FOR THE YEAR ENDED 31 AUGUST 2021

Last year I said that 2019-2020 had been like no other in the experience or memory of most people, little knowing that the same description would be applied to the year of this report.

The Schools in the Trust re-opened fully for the Autumn term 2020 but due to Covid-19 rules shut again in January 2021 and then resumed education for the Summer Term. It was a year of considerable disruption for all concerned but especially for our boys and staff (both teaching and support).

In spite of all this – and at times perhaps because of it – many innovations had to be introduced. Delivering home schooling flourished and was much praised; increased communication with parents was essential; and later in the year the delivery of well thought through and evidence - based Teacher or Centre Assessed Grades had to be delivered to the satisfaction of examining bodies. The success of all this activity meant that 2020 -2021 ended on more of a high than many expected.

A-Level and Pre-U results were extremely impressive with Hamptonians achieving 427 A Grades between them. The percentage of A-B Grades was well over 90%. A similar set of excellent results was achieved at GCSE.

Co-curricular activities, which are such an important part of education at Hampton, inevitably suffered badly during the year and were much missed. Once the School reopened in the summer, some time was made up with the First XI cricket team enjoying an excellent season; rowing restarting; and even 35 football and 15 rugby matches being played to make up for the lost winter. Similarly with the Arts, where Drama and Music, often rehearsed or performed in “bubbles”, were much appreciated especially whenever audiences were allowed to attend.

The School remains in high demand with some 1557 pupils in Hampton School and its Prep and Pre-Prep. Of these some 404 boys at Hampton were in receipt of scholarship or bursary awards with nine scholars funded by our separate charity, the Fitzwygram Foundation, and a further three joining in September 2021. The Foundation, set up relatively recently as a separate, but linked charity, is a key element in our plans to increase the number of boys who are able to come to Hampton on a free place.

In a year when the Environment, Diversity, Equality and Relationships have all at times dominated the headlines throughout the UK, the School has continued to develop its approach where diversity is valued and celebrated; work continues to make sustainability central to everything we do; and relationships, both in and outside school, remain key to the development of those who come to Hampton. The year ahead will see the Governors placing even greater emphasis on all these areas.

Partnerships remain central to the work Hampton does both in and with its community. Links with state primary schools; pupil partnerships; secondary school learning for pupils at state primary schools have all continued and will be built on. The School is a foundation partner in the establishment of Feltham College, a sixth form college opening in September 2022.

Our finances are soundly based but with economic pressure continuing to increase, Governors are in no way complacent. Our approach will continue to build on the strengths of the Trust but plan for the likelihood of greater financial pressure in all sectors of the economy in the year ahead. Based on the efforts of everyone in the past year, for which we are extremely grateful, I have no doubt we can meet any challenges from the next .

A J Roberts

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HAMPTON SCHOOL LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 AUGUST 2021

Hampton School Governors

The Governors are the charity trustees and directors of the company and have all served in office throughout the year except where indicated.

Hampton
Pre-Prep &
Prep
Committee		 Development &
General
Purposes
Committee		 Finance
Committee		 Remuneration
& Governor
Selection
Committee
Mr A J Roberts CBE BA (Hons) FRSA FColl (OH)
Chair of Governors (from 15 Oct 20)		 ✓
Chair
To 15 Oct 20		 ✓ ✓ ✓
Chair
To 15 Oct 20
Mr J S Perry BA (OH)
Chair of Governors(to 12 Oct 20)		 To 12 Oct 20 To 12 Oct 20 To 12 Oct 20 To 12 Oct 20
Mr R G Alexander BA(Hons) (OH_)(from 18 Mar 21)_ From 20 Sept 21
Mr O Boardman(OH) (from 9 Dec 21) From 9 Dec 21
Mr S A Bull BSc ACA Chair ✓
Mrs M Choueiri BA MBA To 16 Nov 20 To 16 Nov 20
Mrs E Cremin BA(Hons) (from 18 Mar 21) From 15 Nov 21
Mrs M-L Ellis Cert Ed ✓ ✓
Mrs J Gore-Randall MA(Cantab) (from 23 Jun 21)
The Reverend B R Lovell BEng (Hons) BA (Hons) MA
Vicar of St Mary’s Church,Hampton
Mrs H A Lowe BA(Hons)LGSM_(to 7 Oct 21)_ To 7 Oct 21
Mrs R Mercer BA
Mr A H MundayLLBQCVice Chair ✓ Chair ✓
Mr D N ReyBA(OH) (from 18 Mar 21) From 25 Nov 21
Mr N J Spooner BAVice Chair Chair
From 15 Oct
20		 ✓ ✓ Chair
From 15 Oct 20
Mr F A Steadman M.Ed (from 15 Oct 20)
Mr R M Walker MA(OH) (to 13 Nov 20) To 1 Dec 20
Mr C P Walsh BSc FCA CFA(OH) (from 23 Jun 21) From 25 Nov 21
Mr L H Welch BArch(Hons)RIBA RIAS ✓
Mr M A Woolhouse BSc(Hons) (OH) (from 23 Jun 21) From 25 Nov 21
Miss A V Yandle MA(Oxon)

(OH) indicates Hampton School Alumni

The Headmaster:

Bursar, Clerk to the Governors and Company Secretary:

Mr K Knibbs MA (Oxon) Mr M A King BSc

The Board of Governors of Hampton School is a self-appointing body with two exceptions: one is an Ex Officio Governor and shall be the Vicar of Ecclesiastical Parish of St Mary, Hampton and one nominated by the Old Hamptonians’ Association, subject to the confirmation of the Governors.

Addresses: Hampton School Hampton Pre-Prep & Prep School Hampton Pre-Prep & Prep School Hampton Pre-Prep & Prep School Hampton Pre-Prep & Prep School
Hanworth Road 41 - 43 Wensleydale Road Gloucester Road
Hampton Hampton Hampton
Middlesex Middlesex Middlesex
TW12 3HD TW12 2LP TW12 2UQ

Websites: www.hamptonschool.org.uk www.hamptonprep.org.uk

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HAMPTON SCHOOL LEGAL AND ADMINISTRATIVE INFORMATION (continued) FOR THE YEAR ENDED 31 AUGUST 2021

Bankers: Barclays Bank PLC
Kingston upon Thames Business Centre
6 Clarence Street
Kingston upon Thames
KT1 1NY
Solicitors: Farrer & Co LLP Pilgrim Law Solicitors
66 Lincoln’s Inn Fields South Wind
London Chaldon
WC2A 3LH CR35AE
Auditors: Haysmacintyre LLP
10 Queen Street Place
London
EC4R 1AG
Insurance Brokers: Hettle Andrews & Associates Limited
Eleven Brindleyplace
2 Brunswick Square
Brindleyplace
Birmingham
B1 2LP
Investment Advisers: CCLA
Senator House
85 Queen Victoria Street
London
EC4V 4ET
Registered
Charity No: 1120005
Registered
Company No: 06264434
Registered Address Hampton School
Hanworth Road
Hampton
Middlesex
TW12 3HD

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HAMPTON SCHOOL GOVERNORS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2021

The Governors present their annual report for the year ended 31 August 2021 and the audited consolidated accounts for the year. The Governors confirm that they comply with the requirements of the School’s governing instrument, the Companies Act 2006 (including the Directors’ and Strategic Reports), the Charities Act 2011, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Statement of Recommended Practice for Charities (SORP 2015) (Second Edition, effective 1 January 2019) (the Charities SORP).

1. CONSTITUTION

Hampton School (the School) is a charitable company (the Charity or the Company) limited by guarantee. It incorporates and runs two schools: Hampton School and Hampton Pre-Prep & Prep School (the Schools). The Governing Body governs both Schools. The Schools have the same Department for Education (DfE) number, 318/6071. The accounts of Hampton School Trust (the Trust) are amalgamated with those of the Company under charity number 1120005, following an order made by the Charity Commission on 17 August 2007.

The Fitzwygram Foundation is a separate charitable company limited by guarantee, with a separate Board of Trustees. The Fitzwygram Foundation prepares its own financial statements. The School is the sole Member of the Fitzwygram Foundation and it is a requirement that the financial statements of the Fitzwygram Foundation are consolidated in the Hampton School financial statements.

2. GOVERNING INSTRUMENT

The Company is governed by its Memorandum of Association dated 14 May 2007 and Articles of Association dated 28 November 2007. Governors are also guided by the Scheme of Management and Delegation, which includes Terms of Reference for the sub-committees:

The Finance Committee

The Development & General Purposes Committee The Remuneration & Governor Selection Committee The Hampton Pre-Prep & Prep Committee

3. GOVERNANCE

The Governors are required to be members of the Company and are also Trustees and Directors. They are responsible for the overall management and control of the Schools and they normally meet four times per year. The work of implementing most policies is carried out by the members of the Development and General Purposes Committee and the Finance Committee, which meet before each meeting of the full Governing Board. The Hampton Pre-Prep & Prep Committee meets at least three times per year and the Remuneration and Governor Selection Committee meets at least once per year. The Governors have continued to pay close attention to their safeguarding obligations and those of the School community in general. The Governors monitor the effectiveness of the Schools’ safeguarding policies through the receipt, discussion and review of regular reports from the Schools’ Designated Safeguarding Lead and Officers and the nominated Governors with a special interest in safeguarding. There are currently three Governors so nominated and they are available, whenever required, to advise and assist the Schools’ Designated Safeguarding Lead and Officers in exercising the Schools’ duties to safeguard and promote the welfare of children and young people.

The Chairs of the sub-committees are appointed at the first meeting every calendar year and sub-committee membership is detailed in this report.

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HAMPTON SCHOOL GOVERNORS’ REPORT (continued) FOR THE YEAR ENDED 31 AUGUST 2021

3.1 Governor Recruitment and Training

The Governing Body requires breadth and depth of experience to carry out its duties effectively and efficiently. Where possible the composition should comprise the following:

One Governor may meet one or more of these requirements.

The process of appointment is:

Following their appointment, new Governors are given a comprehensive information pack, including past Governors’ meeting minutes, accounts, the Charitable Scheme and details of the role of a Trustee. The Clerk to the Governors provides regular information on training courses that may be helpful or relevant. Governors are encouraged to visit the Schools on a regular basis. No remuneration is paid to Governors.

3.2 Organisational Management

The Governors determine the strategy of the Schools. The day-to-day management and operation of the Schools is delegated to the Headmaster, supported by members of the senior leadership team. The Headmaster, the Bursar and selected senior staff are invited to attend full Governors’ meetings and sub-committee meetings.

The Remuneration & Governor Selection Committee meets annually in the Spring Term to consider the remuneration of the School senior staff (key management personnel), considering recommendations put forward by the Headmaster. The Committee recommends remuneration levels, which are ratified by the Governors at their meeting at the end of the Spring Term. Once ratified, senior staff remuneration levels are communicated by the Headmaster or the Bursar as appropriate. The Headmaster’s remuneration is reviewed separately on an annual basis by the Chair of the Governors, in consultation with the Remuneration & Governor Selection Committee.

4. OBJECTS AND AIMS

4.1 Objects

The object of the Charity is to advance the education of boys and girls and in particular (but not limited to) running a day and/or boarding school or schools in or near Hampton and by ancillary or incidental educational activities and other associated activities for the benefit of the community.

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HAMPTON SCHOOL GOVERNORS’ REPORT (continued) FOR THE YEAR ENDED 31 AUGUST 2021

4.2 Aims

The Charity provides education to boys aged 2½ to 18 and girls aged 2½ to 7 in the Schools.

In accordance with the objects, the Schools aim to provide a first-class independent education via excellent academic tuition and through developing the wider sporting, artistic, social and leadership skills of their pupils. The intention is to provide an environment in which each pupil can develop and fulfil his or her potential, thus helping to build selfconfidence and inculcating a desire to contribute to the wider community. Inextricably linked with this object is the aim of establishing partnership with local, national and international communities.

4.3 These objects and aims inform the School’s ethos and aims as published on the Hampton School website:

Ethos

We aim

to attract and educate pupils

to provide them with

to develop in our pupils

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HAMPTON SCHOOL GOVERNORS’ REPORT (continued) FOR THE YEAR ENDED 31 AUGUST 2021

We attempt to achieve these aims through

5. ACCESS

The Governors consider it extremely important to ensure that access to the education offered by the Schools is not restricted to pupils whose families can afford the fees. They believe that children benefit from learning within a diverse community and through social interaction, conversation and shared experiences. This promotes a sense of community and social responsibility, providing important preparation for life beyond Hampton.

The bursary policy, accessibility plan, teaching links programme and the funding of free places provided by the Fitzwygram Foundation all widen access to the education the Schools provide and the facilities they offer.

5.1 Scholarships and Bursaries

The Governors view bursary and scholarship awards as a means of ensuring a diverse school population, drawn from all backgrounds and sections of the community. In funding these awards they are nonetheless mindful of the need for fairness towards fee-paying parents, many of whom make considerable personal sacrifices to pay for their child’s education. They are also responsible for ensuring the on-going financial sustainability of the Schools, which do not have a large endowment, and aware of the need to maintain and develop their facilities in a competitive market.

The Governors’ policy is to award scholarships based on an individual’s academic and co-curricular merit and potential. They also offer scholarships, whereby a bursary award supplements the scholarship (see also section 7, Partnerships and Bursaries).

Bursary awards, for which all those who meet the Schools’ general entry requirements may apply, are based on parental means or to relieve hardship (for example, in the case of redundancy) where a pupil’s education and future prospects would otherwise be at risk. Bursary awards are given up to 100% fees discount. Free Places are also offered, involving 100% fees discount along with assistance in meeting uniform, public examination and lunch costs and other reasonable costs, including those of some educational trips. When assessing parental means, several factors are considered: family income, investments, savings and other assets, along with elements such as the number of siblings and dependent relatives.

The Governors’ have established a separate charity, the Fitzwygram Foundation, with the single aim of increasing the number of free place scholarships at the School. In September 2020 the School had nine Fitzwygram Foundation Scholars and a further three joined in September 2021 taking the total to twelve. The Schools received £206,344 (2020: £104,936) from the Fitzwygram Foundation in respect of their Scholarships.

Information regarding bursaries and Fitzwygram Scholarships is supplied in the Parents’ Guide to all those applying to the Schools. Free Places are advertised in the local print and digital media, via the School website and directly to local maintained primary schools.

In the year ending 31 August 2021 the total value of scholarship and bursary awards was £3,138,166 (2020: £2,735,671), with 404 awards (2020: 418) made as detailed in note 2 to the accounts. Bursaries totalling £2,094,124 (2020: £1,622,022) were awarded and 70 pupils received a 100% Bursary (2020: 51). The value of scholarships totalled £1,044,042 (2020: £1,113,649).

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HAMPTON SCHOOL GOVERNORS’ REPORT (continued) FOR THE YEAR ENDED 31 AUGUST 2021

5.2 Staff discounts

One of the means by which the Schools attract high quality teaching and non-teaching staff is by offering fee remission for staff children (subject to meeting the admissions criteria). Staff discounts amounted to £411,528 (2020: £402,102).

5.3 Teaching Links and community access

The Schools are part of a wider local, national and international community within which they are keen to participate in an active and socially responsible manner. They support broader educational activities for the benefit of other children and their teachers through an extensive Partnerships programme.

5.4 Volunteers

The Hampton School and Hampton Pre-Prep & Prep School Parents’ Associations, the Hampton School Music Society and the parents of boys in the Boat Club voluntarily give their time in support of the Schools by organising a variety of events and functions.

5.5 Fundraising

The Charity’s current fundraising focus is through the Fitzwygram Foundation and draws upon the support of the School community, which includes alumni, current and former parents and staff.

The Fitzwygram Foundation is currently funding twelve free place scholarships at Hampton School.

The Fitzwygram Foundation is registered with the Fundraising Regulator and it has complied with its regulations during the year. Staff are aware of guidance provided by the Institute of Fundraisers and of their obligations with respect to vulnerable donors. No complaints have been received about the Charity’s or The Fitzwygram Foundation’s fundraising activity. Neither the Charity nor The Fitzwygram Foundation use a third party to raise funds on their behalf.

The Fitzwygram Foundation Trustees meet regularly and consider all aspects of fundraising activity.

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HAMPTON SCHOOL GOVERNORS’ REPORT (continued) FOR THE YEAR ENDED 31 AUGUST 2021

STRATEGIC REPORT

6. REVIEW OF ACTIVITIES

6.1 Pupil numbers and Fees

In the year ending 31 August 2021, the number of pupils on roll was 1,334 at Hampton School and 223 at Hampton PrePrep & Prep School.

The fees per term, before the deduction of any means-tested bursaries and scholarships or reductions in respect of the impact of COVID-19 on the Schools’ operations, for the year ending 31 August 2021 were:

Hampton Pre-Prep & Prep: Kindergarten (whole day) £4,280 (£4,170 autumn 2020 term) Lower School (Reception to Year 2) £4,525 (£4,415 autumn 2020 term) Middle and Upper School (Years 3 to 6) £4,945 (£4,820 autumn 2020 term) Hampton: Secondary School (Years 7 to 13) £7,090 (£6,915 autumn 2020 term)

6.2 Hampton School (the School)

6.2.1 General

The School’s ethos and aims are set out in paragraphs 4.2 and 4.3. The conspicuous success with which it has adhered to this ethos and achieved these aims is evidenced in the following paragraphs. These relate not only to pupils’ exceptional academic achievements, but also testify to the School’s commitment to a broad and balanced education through a wide range of co-curricular activities and opportunities for service to the local, national and international community.

6.2.2 Academic

A Level and Pre-U Results

Qualifications awarded in 2021 were determined using Teacher Assessed Grades (TAGs) or School-Assessed Grades (SAGs). This was a very talented year group who were determined to achieve of their very best. This meant we could evidence a very creditable but realistic set of results. A Level and Pre-U results were extremely impressive, with 66.5% A or Pre-U equivalent being awarded. Hamptonians achieved a total of 427 A grades between them. The percentage of A-A grades was 92.2% and A - B grades were well over 90% (98%) for the eleventh successive year. Of the 2021 leavers 95% will matriculate at Russell Group or equivalent universities of which 20% took up places at Global Top Ten universities (Oxford, Cambridge, Imperial and UCL). Hamptonians once again went on to read for a pleasingly wide range of undergraduate degree courses.

(I)GCSE Results

The School’s Fifth Year pupils achieved an excellent set of (I)GCSE results: 97.8% 9-7 and 87.6% at grade 8/9. The total number of 9-7 grades between the boys was 2,120.

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HAMPTON SCHOOL GOVERNORS’ REPORT (continued) FOR THE YEAR ENDED 31 AUGUST 2021

Careers

Hamptonians are supported by the Assistant Head (UCAS and Careers) and his team, and have the use of the Unifrog platform and the UCAS Hub as well as a well-stocked library of prospectuses. The UCAS and Careers department provides a wide range of services and activities to give pupils education and guidance in planning their futures. Among a number of events organised was an annual Careers Convention held at Lady Eleanor Holles School (LEH) in February at the same time as the Hampton Careers Week, where alumni and others give talks about the ins and outs of various careers and professions.

Former Pupils

Contact with Hampton alumni is maintained through the Alumni Office. The Alumni Office supports Hamptonians after they have left the School and throughout their careers and beyond. It encourages and enables former pupils to keep in touch with each other and they are kept informed throughout the year with regular publications including The Hamptonian, The Old Hamptonians’ Chronicle (within The Lion - the School magazine) and a monthly digital newsletter.

6.2.3 Clubs, Societies and Co-curricular Activities

Hampton pupils benefit from a range of co-curricular activities which ensure that their time at the School is enhanced and enriched beyond the academic curriculum. These activities are considered essential in developing leadership, teamwork skills, independence, confidence and resilience. In 2020-21, national restrictions on schools which were put in place to limit the potential spread of Covid-19 inevitably made a very significant impact on the extent and nature of the co-curricular programme. The School worked incredibly hard to ensure it continued to offer a very significant programme of different activities, including sports fixtures and music and drama performances.

The School’s co-curricular clubs continued to flourish, with many of the usual 50 Clubs and Societies taking place regularly throughout the year, although in many cases these too operated in an amended format.

Adventure Society

With School trips not permitted for much of the year, the activities of the Adventure Society were greatly curtailed, although we still managed to run one Adventure Society trip to Dorset.

Badman Shepherd Travel Awards

Since 1980, annual awards have been made from a fund set up in memory of Mr E R Badman (former Deputy Headmaster) to enable boys to travel - in the United Kingdom or abroad - for educational purposes, in pursuit of a personal interest or for adventure. This fund was supplemented in 1994 from the legacy of Mr A T Shepherd, an Old Hamptonian and former Chair of Governors in 1961-62. Three awards were made this year.

Performing Arts

Drama was particularly affected by Covid-19 restrictions, although the changes in mid-May 2021, that permitted limited audiences, at least allowed performances to begin again.

Duke of Edinburgh’s Award (DofE)

Over 250 boys were involved in the Silver Award during the year 2020-21. This was fewer than in some previous years, but still a remarkable number in the circumstances. Our ability to offer expeditions was limited to local walks in the October half-term. Those who started Silver Awards founds ways of completing their other required activities (such as volunteering), some of which was done on-line.

Faith Societies

The Christian Union met weekly for games, quizzes, discussion, refreshments and a short bible study. The Muslim Society met for Friday Prayers throughout the year.

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HAMPTON SCHOOL GOVERNORS’ REPORT (continued) FOR THE YEAR ENDED 31 AUGUST 2021

Music

Despite the very significant disruption to our usually busy programme, the energy, vibrancy and creativity of Hampton musicians was maintained in very difficult circumstances. Despite the restriction of boys from different year groups mixing, and with audiences not allowed until the final half term of the School year, the music department managed to find various ways of allowing boys to continue to perform.

The School’s musical ensembles moved to the year-group only structures, and they continued with over forty rehearsals each week when the School was operating on-site. In the summer term a phased return to “live” audiences allowed a number of concerts to take place.

120 boys took Associated Board Practical Examinations in 2020-2021, and 74 secured Distinctions and Merits. No Associated Board Theory Examinations took place due to Covid-19 restrictions.

School Trips, Visits and Exchanges

School trips are usually an essential ingredient of life at Hampton, with an extensive programme of academic, cultural, adventurous and sporting excursions enhancing pupils’ learning, assisting their personal development and broadening their horizons. In 2020-2021, the number of day and residential trips was hugely reduced due although a small number of days trips took place in the summer term.

Talk!

With the country in lockdown from January 2021, the School switched to online learning. In a bid to support the Hampton community through the long winter nights, a new Talk! strand evolved called ‘ Thursday Night In’ . It proved a highly popular weekly event with boys and families.

6.2.4 Sport

Boys continued to enjoy a free choice of sport throughout the School year, selecting from a wide range of options that included most major team sports and specialist activities, such as cricket, football, rugby, rowing, athletics, fencing, basketball, table tennis and rock-climbing, with the aim that each boy derives enjoyment, wellbeing and satisfaction from achieving personal bests and having an active lifestyle. Each sport was affected by the pandemic, with changes to rules and training requirements, while fixtures against other schools were limited.

Hampton continues to encourage a range of sporting opportunities in a number of other “specialist sports”. Cross country, Badminton, Volleyball, Fencing, Squash and Golf all continued, although everyone is looking forward to a return to fixtures against other schools in 2021.

6.2.5 Developments and Maintenance

Building work included the main kitchen refurbishment (£436,000), the lecture theatre refurbishment (£172,000), the Garrick building roof replacement (£153,000) and drainage work on the football pitches (£91,000). Capital expenditure included a further £166,000 spent on the Old Vicarage, which is being developed for staff accommodation, and a new biometrics security system (£81,000).

Significant maintenance work was undertaken during the year and all buildings continue to fully function as intended.

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HAMPTON SCHOOL GOVERNORS’ REPORT (continued) FOR THE YEAR ENDED 31 AUGUST 2021

6.3 Hampton Pre-Prep & Prep School (HPPP)

6.3.1 General

Hampton Pre-Prep & Prep School works hard to ensure every child’s social and emotional growth is closely aligned to their academic progress. HPPP values thinking of others first, as well as not giving up. HPPP’s academic programme is broad and balanced. HPPP believes a critically important function of its role is to prepare all its pupils for successful transfer to the senior school that will be the best fit for them.

6.3.2 Academic

At the end of the preceding academic year, the majority of boys in Year 6 left the Prep for Hampton School, with the remaining boys moving to the most appropriate academically selective school for them. Pupils in the Pre-Prep made excellent progress, and performed either in line with or above expectations.

6.3.3 Clubs, Societies and Co-curricular Activities

The co-curricular programme provides valuable opportunities for our pupils to expand their experiences, and develop their self-esteem in areas other than academia. We aim to cater for a diverse set of interests and most importantly we want the clubs to be fun and memorable.

Year 6 pupils had a bespoke Leavers’ Programme, which aimed to broaden the boys’ horizons and offer them new challenges as they prepared for senior school.

6.3.4 Sport

Enjoyment and participation in sport remains a strong feature of HPPP. All boys in the Prep have the opportunity to represent the school at least once a term in a fixture against pupils from other schools.

6.4 Employee Involvement

Effective communication with employees is of vital importance and the School has established methods to provide information to and consult with employees on financial and other matters that affect them.

6.5 Diversity, Equality and Inclusion

Hampton is a community in which diversity is valued and celebrated. A wide range of opportunities exist to help pupils learn about and celebrate different aspects of diversity and equality.

All appointments are made to ensure that the best possible staff are recruited on the basis of their merits, abilities and suitability for their position. We aim to continue to provide role models for pupils by increasing further the diversity within our staff community.

It is the practice of the School to facilitate the employment of persons with disabilities and to provide, whenever possible, opportunities for training, career development and promotion. Where employees become disabled whilst in service, every effort is made to rehabilitate them to their former jobs or some other suitable alternative and provide appropriate training and specialist advice.

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HAMPTON SCHOOL GOVERNORS’ REPORT (continued) FOR THE YEAR ENDED 31 AUGUST 2021

6.6 Environment

The School is committed to the environment and strives to reduce its carbon footprint by decreasing CO2 emissions at source, where possible. Protecting the environment is at the heart of the School building projects and infrastructure improvements and is included within the curriculum across a wide range of subjects.

The School’s energy usage and emissions, prepared in accordance with the Streamlined Energy and Carbon Reporting (SECR) requirements, for the year ended 31 August were as follows:

2021 2020
Energy use in kWh:
Gas 2,694,869 3,580,251
Electricity 997,203 669,330
Fuel 18,142 24,025
Total 3,710,214 4,273,606
**Associated Greenhouse Gas (GHG) emissions in Tonnes CO2: **
Gas 495 656
Electricity 230 155
Fuel 4 6
Total 729 817
Intensity ratio (kilograms of CO2 per metre squared of gross internal area) 31.41 35.21

GHG emissions have been calculated in accordance with the 2021 UK Government factors for company reporting.

7. PARTNERSHIPS AND BURSARIES (see also section 5.1)

The School has always taken and will continue to take its responsibilities as a charitable trust very seriously. The School will continue to contribute a great deal to the community. It will, with reference to the Charities Act 2006:

The staff and pupils of the School continue to commit a great deal of time and effort to provide a wide range of partnership activities locally, nationally and internationally.

Hampton School has registered on the ISC Schools Together website and it has uploaded examples of projects, including academic, sporting and other co-curricular support for a large number of local schools.

The Hampton Independent-State Schools Partnership (ISSP) is a link between two independent schools (Hampton School and LEH) and five maintained schools from the London Boroughs of Richmond upon Thames and Kingston upon Thames. Pupils from the state-funded member schools have been able to enjoy educational opportunities which would not otherwise have been available to them.

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HAMPTON SCHOOL GOVERNORS’ REPORT (continued) FOR THE YEAR ENDED 31 AUGUST 2021

As a charity, the parents of our pupils have the assurance that all the income of the School must be applied for educational purposes. As an educational charity we enjoy tax exemption on our educational activities and on our investment income and gains provided these are applied for our charitable aims. We are entitled to an 80% reduction on our business rates on the property we occupy for our charitable purposes. The financial benefits we receive from this tax exemption are all applied for educational purposes and indirectly help us to maintain our bursary policy and our partnerships programme with maintained schools. However, as an educational charity, we are unable to reclaim VAT input tax on our costs as we are exempt for VAT purposes. We also pay tax as an employer through the national insurance contributions we make.

In addition to the very substantial benefits our School brings to our pupils, the local community and society through the education we provide, our partnerships and bursary programmes create a social asset without cost to the Exchequer. In the past year the Hampton School Trust has educated 1,557 pupils, relieving the UK public expenditure.

The Governors have had regard to the general guidance from the Charity Commission on public benefit when determining the School’s objectives.

7.1 Hampton School Partnership Activities:

Primary School Workshops

Over recent years, we have built up a programme of Primary School workshops which involve members of Hampton’s Common Room visiting local primary schools to run enrichment sessions in a variety of subjects. Although colleagues were unable to go into partner schools for much of the year, we resumed these programmes as soon as we were able to do so.

Pupil Partnerships

Pupils from Hampton conducted online chess coaching for pupils attending a local primary school, and Hamptonians were involved in the Missing Maps project. This is an innovative project in which volunteers map some of the most vulnerable areas of the world. The resulting maps help in activities such as the provision of aid, distribution of essential resources and in the carrying out of epidemiological studies.

Lion Learning Saturday School

Pupils from eight local primary schools joined the year-long Lion Learning programme for lessons in English, Maths, Philosophy and Science. Alongside these lessons, the programme involved a complementary reading scheme using the bespoke Lion Learning Library . The majority of these children came back to Hampton to complete the programme when pandemic-related restrictions permitted this.

Food Bank Collections

We set up a Food Bank collection point at Hampton School through which we collected donations for the Feltham Food Bank who support families in Bedfont, Feltham, Hanworth and surrounding areas. It was extremely well supported both by our School community and by the local community.

Genocide Awareness

Genocide80Twenty

Hampton pupil campaign group Genocide80Twenty regularly involves pupils from partner schools both locally and nationally in a range of projects to raise awareness of the Holocaust and other recent genocides. Recent projects have included the publishing of a newspaper, Genocide Know More, in collaboration with eight maintained partnership schools, and a Borough-wide project to mark Holocaust Memorial Day.

14

HAMPTON SCHOOL GOVERNORS’ REPORT (continued) FOR THE YEAR ENDED 31 AUGUST 2021

Malawi

The Hampton Safe Haven was established in 2008 as a centre for orphaned and abused children. Hamptonians continue to support the centre through fundraising activities, and pupils, teachers and Hampton Gap Year students regularly visit to assist with teaching and practical tasks such as building, painting, repair works and water collection. Trips generally occur every second year with the most recent of the eight visits being in 2019.

Borneo and Namibia

In the year that we do not run a trip to Malawi, senior pupils are offered a three-week expedition to either Borneo or Namibia where we have established connections with local primary schools.

Form Charity

Form Charity raised over £14,300 through a host of activities and new initiatives including various themed days and quizzes. The money raised was donated to last year’s nominated charities – Shooting Star Hospice, CALM/FC-Not Alone, ZSL and Wateraid. Pupils and their families also supported Feltham Food Bank through donating a significant amount of food and toiletries.

7.2 Hampton Pre-Prep & Prep School Partnership Activities

Charitable Donations

During the academic year the School contributed a total of £1,672 to seven local and national charities.

Supporting the Local Community

The Pre-Prep & Prep Headmaster is Deputy Chairman of the Governing Body at Richard Cobden Primary School, in Camden Town in Central London. The Prep held a Mufti-Day to support a local charity. The School took part in the ‘12 Days of Giving’, a Hampton Trust wide initiative on the lead up to Christmas.

15

HAMPTON SCHOOL GOVERNORS’ REPORT (continued) FOR THE YEAR ENDED 31 AUGUST 2021

8. PRINCIPAL RISKS AND UNCERTAINTIES

The Board of Governors is responsible for overseeing the risks faced by the Schools. Detailed considerations of risk are delegated to the senior management of the Schools other than those relating to the Board and its membership. Risks are identified and assessed and controls are established throughout the year. A formal written review of the Charity’s risk management processes is undertaken on an annual basis.

This review covers the major risks and uncertainties common to all independent schools (for example, maintenance of high quality teaching staff; achievement of planned pupil numbers; effective and controlled funding for development; safeguarding; development of increasing partnership activities) but also includes any more immediate, specific and shorter term uncertainties such as the impact of the COVID-19 pandemic.

Through such reviews and the overall risk management processes established for the Schools, the Governors are satisfied that the principal risks identified have been adequately mitigated where possible. It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed.

The principal risks currently identified on the School’s risk register are:

Risk Mitigation Effectiveness of the safeguarding policy and Appointment of Designated Safeguarding Lead & Officers, nominating procedures including the "Prevent" duty Governors with lead safeguarding responsibility and routine reporting at Board meetings. Regular training of staff alongside briefings The political landscape and other external The uncertain political climate and potential impact on the factors that may affect the financial position Independent school sector, including potential threats to the benefits of the Schools for example, possible loss of afforded by charitable status the Governors are limiting future capital rates relief, VAT on fees and pension commitments and will continue to monitor the possible challenges and scheme costs plan, where possible, for such eventualities Recruitment and retention of staff Competitive salary and benefits including provision of some accommodation and considering the funding of pension obligations Data Protection and GDPR Robust policies, regular system backup, encryption of laptops and two factor authentication. Regular software updating and penetration testing. Incoming email filtering software and staff / pupil training Issues arising from Covid-19 pandemic Enhanced remote learning capability and improvements to the collation related restrictions, including site closure, and recording of pupil work to provide a robust CAG process and the requirement for the School to provide centre assessed grades (CAGs) in the event of exam cancellation.

16

HAMPTON SCHOOL GOVERNORS’ REPORT (continued) FOR THE YEAR ENDED 31 AUGUST 2021

9. FINANCIAL OVERVIEW

9.1 Financial Results

The financial statements show net income from unrestricted funds for the year of £2,058,361 (2020: £1,934,458). Net cash inflow from operating activities for the year was £4,981,328 (2020: £5,120,851).

This cash inflow was used principally to fund our investing activities which included fixed asset additions amounting to £1,709,917 (2020: £3,232,926) and to reduce borrowings.

The Governors are continuing their policy of deploying all net income to enhance the Schools’ charitable objectives.

9.2 Investments

Investing activities are governed by the Trustee Act 2000.

The School uses CCLA to manage its investment portfolio. The current objective is to increase the investment portfolio by CPIH +5%. The Fitzwygram Foundation uses Sarasin & Partners LLP and its current objective is to achieve investment returns better than CPI, currently set at 4% above CPI.

In the financial year both investment portfolios have performed in accordance with the market, expectations and the FTSE 100.

9.3 Fundraising and Donations

The total amount received from donations and legacies was £950,158. The Fitzwygram Foundation raised a total of £709,816 in the year which included £97,594 donated by the School mainly from legacies and donations it received directly.

9.4 Asset Cover for Funds

An analysis of the net assets attributable to the various funds of the Charity is set out in Note 19 to the accounts. These assets are sufficient to meet the Charity’s needs.

9.5 Pension Liability

The Governors recognise the liability existing in the Wandsworth Council Pension Fund (previously the London Borough of Richmond upon Thames Pension Fund) for non-teaching staff – see notes 21 and 22. The pension liability has been reported within the accounts in accordance with FRS 102.

17

HAMPTON SCHOOL GOVERNORS’ REPORT (continued) FOR THE YEAR ENDED 31 AUGUST 2021

9.6 Other Relationships:

9.6.1 Millennium Boathouse

The administration of this facility is divided between Hampton School and LEH. Hampton School has responsibility for the maintenance of the site and LEH for all financial and administrative operations. For ease of administration the total revenue and costs are recorded in the accounts of LEH and audited as part of its accounts. A yearly reconciliation takes place to ensure net income and expenditure is evenly shared and recorded in the respective school’s accounts.

9.6.2 PupilCoach Limited

PupilCoach Limited is a joint trading company wholly owned in equal shares by Hampton School and LEH. The company provides a service to parents requiring help in transporting their children to and from the Schools.

When fully operating, the licensed coaches currently carry over 1,250 pupils a day on twenty-six different routes. The financial plan is to break even over the course of the financial year with any profits made by the company covenanted to the charities (Hampton School and LEH), or deficits shared, on an equal basis. The Bursar of Hampton School and Director of Finance at LEH are Directors and nominee shareholders. The accounting records are maintained and audited on a separate basis and are not consolidated into these accounts as they are not material. Hampton School’s share of the results is shown in note 24.

9.7 Reserves and Financial Position

The Governors believe that the School is in a good financial position and can continue as a going concern with secure financial management. The current economic climate is being closely monitored and contingencies are in place should the economic conditions start to affect parents’ ability to pay fees and consequently the School’s cash flow. The Trust aims to maintain an annual operating surplus which finances capital expenditure on improving buildings, equipment and other necessary facilities. This enables the Charity to provide the first-class education the parents, pupils and public have come to expect.

The Governors recognise that the level of reserves fluctuates and the School has invested substantial sums in the new School buildings and staff accommodation in recent years. Adequate resources, including bank finance and unrestricted investment funds, are available to provide a “safety net” should they be required.

The Governors regularly review the level and nature of the reserve funds of the School. The total value of Trust funds at 31 August 2021 was £48,246,612 of which unrestricted funds totalled £38,137,478, endowed funds £7,064,643 and restricted funds £3,044,491. As at 31 August 2021 the value of the Bursary fund was £2,554,413 and the pension liability fund was £447,392, although designated, these amounts are available as unrestricted reserves for the School should the need arise. The funds are detailed in notes 16, 17 and 18.

Technically the School has no free reserves as annual surpluses, supplemented by borrowings, are reinvested to improve the property and other facilities. Governors monitor cash flow closely and working capital is considered to be sufficient to meet the School’s liabilities as they fall due. With respect to the School’s principal funds:

18

HAMPTON SCHOOL GOVERNORS’ REPORT (continued) FOR THE YEAR ENDED 31 AUGUST 2021

9.8 Auditors

In March 2021 the Governors re-appointed Haysmacintyre LLP as the School auditors for the financial year 2020 - 2021.

9.9 Statement of Governors’ Responsibilities

The Governors (who are the directors of the School for the purposes of company law) are responsible for preparing the Governors’ Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards).

Company law requires the Governors to prepare financial statements for each financial year. Under that law the Governors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards) and applicable law. Under company law the Governors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the School and net movement in funds, including the income and expenditure, of the School for that period. In preparing these financial statements, the Governors are required to:

The Governors are responsible for keeping adequate accounting records that are sufficient to show and explain the School’s transactions and disclose with reasonable accuracy at any time the financial position of the School and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the School and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

So far as each of the Governors is aware at the time the report is approved:

19

HAMPTON SCHOOL GOVERNORS, REPORT Icontlnuedl FOR THE YEAR ENDED 31 AUGUST 2021 10. LOOKING FORWARO F￿Ure plans include the following.. Ensurin8 that the School's PSHE pro8rarnme and wlder pastoral provislon contlnue to equlp pup5Is at thè schools within the Trust to responé approprlately and thoughtfully to the challenges faced bytodavs young people Workin8 in conlunrtlon wlth The FitiWY8ram Foundatlon to provide additlonal free place scholarships at Hampton for puplls whose famllies cannot afford school lees Contlnuin8 to develop Alumnl Relatlon5 OffTce en8agemenl with formw pup115, parents and staff Building upon the Trust's local, natlonal and internatlonal partnershlps and encouraging puplls and staff to engage actlvely wlth the wider community le.g. through the establishment- In partnership wlth Reach Academy and Lady Eleanor Holle5 School- of Feltham Colle8e, a new 16-18 free school In the London 8orou8h of Hounslowl Enhancemeni of the School's 5tron8 S)le8uardlng culture le.8. throu8h addit5on81 and re8ular staff tra5nln8 on Issues highll8hted In the OfE's Keeping Children Safr in Educotion statutory 8uidancel Seekln8 opportunltles to dL>velop the Trust's pupil and 5t¥ff recrultment and retenrlon processes, Including in terms of equalllyl dI￿rsItY and InclusSon Developlng all aspects of the Trust's operatlons In seekiTh8 to be rnore envlronmentally and soclalty sust•lnablt Contlnuin8 revlew and refinement ol the a¢adernic curriculum to provide opportunities for puplls io develop and practlse digltal Ilteracy and other sk1115 sn preparatlon for thelr Ilve5 beyond school Thls report, whlch incorporate5 the strateglc report, 55 approved by the Board ol Governors of Hampton School and slgned on It5 behatf by.. A J Aoberts Dated.. 9 D•cember 2021 20

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF HAMPTON SCHOOL

Opinion

We have audited the financial statements of Hampton School for the year ended 31 August 2021 which comprise the Group Statement of Financial Activities, the Group and Parent Charitable Company Balance Sheet, the Group Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group or parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Trustees’ Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

21

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF HAMPTON SCHOOL (continued)

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report (which incorporates the strategic report and the directors’ report).

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees for the financial statements

As explained more fully in the trustees’ responsibilities statement set out on page 22, the trustees (who are also the directors of the group and parent charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the group’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or parent charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

Based on our understanding of the group and parent charitable company and the environment in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to independent school regulations, employment law, safeguarding regulations and Charity and Company law, and we considered the extent to which noncompliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006, Charities Act 2011 and Charities SORP.

22

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF HAMPTON SCHOOL (continued)

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members, as a body, for our audit work, for this report, or for the opinions we have formed.

Lee Stokes (Senior Statutory Auditor)

For and on behalf of Haysmacintyre LLP, Statutory Auditors

10 Queen Street Place London EC4R 1AG

date’ 15 Decomber 202

23

HAMPTON SCHOOL

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2021

Notes
INCOME AND
ENDOWMENTS FROM:
Charitable activities
School fees receivable
2
Other educational income
3
Other trading activities:
Hire of facilities
Investments
4
Voluntary sources:
Donations and grants
5
Other income
Total income
EXPENDITURE ON:
Cost of raising funds
Charitable activities
School operating costs
Total expenditure
6
Net income before transfers
& investment gains
Transfers
16,17
&18
Gains on investment assets:
Realised
10
Unrealised
10
Net Income
Actuarial gain/(loss) on
pension scheme
22
Net movement in funds
Balance at 1 September 2020
Balance at 31 August 2021
19		 Unrestricted
Funds

£
26,800,626
1,833,162
21,641
37
481,240
191,352
29,328,058
-
-
27,652,353
27,652,353
1,675,705
(118,419)
-
501,075
2,058,361
1,092,000
3,150,361
34,986,132
38,136,493		 Restricted
Funds
£
-
-
-
65,161
619,024
-
684,185
90
296,253
296,343
387,842
48,224
6
241,916
677,988
-
677,988
2,366,503
3,044,491		 Endowment
Funds
£
-
-
-
52
-
-
52
-
-
-
52
70,195
-
708,482
778,729
-
778,729
6,285,914
7,064,643		 Total
2021
£
26,800,626
1,833,162
21,641
65,250
1,100,264
191,352
30,012,295
90
27,948,606
27,948,696
2,063,599
-
6
1,451,473
3,515,078
1,092,000
4,607,078
43,638,549
48,245,627		 Total
2020
£
25,632,486
1,604,314
34,959
72,307
1,434,548
137,624
28,916,238
41,056
26,581,319
26,622,375
2,293,863
-
132,622
44,900
2,471,385
(1,351,000)
1,120,385
42,518,164
43,638,549

TOTAL RECOGNISED GAINS AND LOSSES

The charity has no recognised gains and losses other than those shown in the Statement of Financial Activities. See note 10 for details of gains and losses on fixed asset investments. The notes form part of these financial Statements

24

HAMPTON SCHOOL

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2020

Notes
INCOME AND ENDOWMENTS
FROM:
Charitable activities:
School fees receivable
2
Other educational income
3
Other trading activities:
Hire of facilities
Investments
4
Voluntary sources:
Donations and grants
5
Other income
Total income
EXPENDITURE ON:
Cost of raising funds
Charitable activities
School operating costs
Total expenditure
6
Net income/(expenditure) before
transfers and investment gains/(losses)
Transfers between funds
16,17
&18
Gains/(losses) on investment assets:
Realised
10
Unrealised
10
Net income
Actuarial loss on pension scheme
22
Net movement in funds
Balances at 1 September 2019
Balances at 31 August 2020
19		 Unrestricted
Funds
£
25,632,486
1,604,314
34,959
35,895
1,016,460
137,624
28,461,738
12,404
26,259,439
26,271,843
2,189,895
(279,915)
41,384
(16,906)
1,934,458
(1,351,000)
583,458
34,402,674
34,986,132		 Restricted
Funds
£
-
-
-
35,820
418,088
-
453,908
352
321,880
322,232
131,676
209,720
(3,182)
85,960
424,174
-
424,174
1,942,329
2,366,503		 Endowment
Funds
£
-
-
-
592
-
-
592
28,300
-
28,300
(27,708)
70,195
94,420
(24,154)
112,753
-
112,753
6,173,161
6,285,914		 Total
2020
£
25,632,486
1,604,314
34,959
72,307
1,434,548
137,624
28,916,238
41,056
26,581,319
26,622,375
2,293,863
-
132,622
44,900
2,471,385
(1,351,000)
1,120,385
42,518,164
43,638,549

25

HAMPTON SCHOOL CONSOUDATED BALANCE STrIEET AS AT 31 AUGUST 2021 Company numbÈr:06264434 2021 2020 Notes FIXED ASSEf5 46,476,722 46,979,532 INVESTMENTS io 9,886,582 7,899,746 CURREIU ASSETS Appeal fund as5et5 Debtor5 Cash at bank and In hand li 12 1,659 1,095,704 1,638,235 2,735,598 14,368,6041 1.210 1.396.600 659,211 2,057,021 4,412,046 CREDITORS: fallin8 due within one year 13 NEf CURRENT LIABILITIES 11.633,0061 12.355.025) CREDITORS: fallSn8 due after one year 14&15 14.448,6711 15,875,704> ASSETS EXCLUDING PENSION LIABILITY 50,2BI,627 46,648,549 PENSION LIABILITY 22 12,036,LX)01 13.010.CQOI NEf ASSETS INCLUDING PENSION LIABILITY 48,245.627 43,638,549 eNDOWEOFUNDS Capital luTrd5 Property reserve 16 16 6,350,475 714,168 7,064,643 5,571,746 714,168 6,285,914 RESTRICTED FUNDS 17 3,044,491 2,366,503 UNRESTRICTED FUNDS Properly reserve eursary fund Pension Ilability fund Income account Penslon reserve 18 18 18 18 18 37.170,688 2,554,413 447,392 35,570,601 2,127.988 297,543 12.036,000 3,010,CLIO 38,136,493 34,986,132 48,245.627 43.638.549 The financial statements were approved and auihorised for issue by the Board of Governors on 9 December 2021 and were si8ned on It5 behalf by.. A J Roberts Chair The notes form part of these financlal statements. SABull Chair ol the Finance Committee 26

HAMPTON SCHOOL SCHOOL BALANCE SHEET AS AT31 AUGUST 2021 Company number:06264434 2021 2020 Notes FIXED A5SErs 46,476,722 46,979,532 INVESTMENTS io 7,275,733 5,915,787 CURRENT ASSETS Appeal fund èssets Debtors Cash ai bank and in hand li 12 1,659 1.327.555 1,005.728 2,334,942 14,368,6041 1,210 1,425,913 317,967 1,745,090 14.412.046> CREDITORS,. fallSn8 due wlthSn one year 13 NEf CURRENT LIA81LITIES 12.033,6621 12,666,956> CREDITORS: fall￿nI due after one year 14&15 14,448,671) 15.875.704) ASSETS EXCLUDING PENSION LIABIUTY 47.270.122 44,352,659 PENSION LIABILITY 22 12,036,000> 13,010.0001 NEf ASSEfs INCLUDING PENSION LIABILI 45,234,122 41,342,659 ENDOWED FUNDS Capital funds Property reserve 16 16 6,350,475 714,168 7,064,643 5.571,746 714,168 6,285,914 RESTRICTED FUNDS 17 32,986 70.613 UNRESTRICTED FUNOS Property reserve Bursary fund Pension Ilability fund Income account Penslon reserve 18 18 18 18 37,170,688 2,554,413 447.392 35.570,601 2.127,988 297,543 2.036 000 3,010,000 38,136,493 34,986,132 45,234,122 41.342.659 The financial staièments were approved and authorisèd for Issue by the Board of Governor5 on 9 December 2021 and were signed on 5ts behalf bv.. A J Roberts Chair The notes forni part of thÈsÈ financial statements. 5A Bull Chairof the Finance Committee 27

HAMPTON SCHOOL CONSOLIDATED CASH FLOW STATEMENT YEAR ENDED 31 AUGUST 2021

2021
Notes
£
£
Net cash inflow from operating activities
A
Net cash provided by operating activities
4,981,328
Cash flows from investing activities
Payments to acquire fixed assets
(1,709,917)
Proceeds from sale of fixed assets
10,500
Payments to acquire investments
(471,211)
Proceeds from sale of investments
764
Interest and investment income received
250
Net cash used in investing activities
(2,169,614)
Cash flows from financing activities
Cash outflows from borrowing
(1,832,690)
Change in cash and cash equivalents in
the year
979,024
Cash and cash equivalents at 1 September
659,211
Cash and cash equivalents at 31 August
B
1,638,235
CONSOLIDATED STATEMENT
OF NET DEBT/CASH
Overdraft
Bank Loan
Total
Borrowing
s
£
£
£
01 September 2019
201,348
5,357,800
5,559,148
Movements
53,237
(3,522,800)
(3,469,563)
31 August 2020
254,585
1,835,000
2,089,585
Movements
2,310
(1,835,000)
(1,832,690)
31 August 2021
256,895
-
256,895		 2020
£
(3,232,926)
65,609
(10,800,955)
10,947,193
42,497
Cash and
Cash
Equivalents
£
(1,986,505)
1,327,294
(659,211)
(979,024)
(1,638,235)		 2020
£
(3,232,926)
65,609
(10,800,955)
10,947,193
42,497
Cash and
Cash
Equivalents
£
(1,986,505)
1,327,294
(659,211)
(979,024)
(1,638,235)
£
5,120,851
(2,978,582)
(3,469,563)
(1,327,294)
1,986,505
659,211
Net Debt/
(Cash)
£
3,572,643
(2,142,269)
1,430,374
(2,811,714)
(1,381,340)

28

HAMPTON SCHOOL CONSOLIDATED CASH FLOW STATEMENT (continued) YEAR ENDED 31 AUGUST 2021

NOTES TO THE CONSOLIDATED CASHFLOW STATEMENT
A
Reconciliation of net income to net cash flow
from operating activities
Net income before investment gains
Depreciation
Interest and investment income receivable
Defined benefit pension scheme adjustments
Investment management fees
Net profit on sale of fixed assets
Decrease/(increase) in debtors
(Increase)/decrease in appeal fund debtors
(Decrease)/increase in creditors
Increase in advanced fees
Share donation
Net cash inflow from operating activities
B
Analysis of cash and cash equivalents
Cash at bank		 2021
£
2,063,599
2,207,774
(65,250)
118,000
90
(5,547)
300,896
(449)
(70,670)
432,885
-
4,981,328
1,638,235
1,638,235		 2020
£
2,293,863
2,182,829
(72,307)
144,000
41,056
(60,232)
(518,548)
1,358
13,166
1,167,516
(71,850)
5,120,851
659,211
659,211

29

HAMPTON SCHOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

1. ACCOUNTING POLICIES

The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), the Companies Act 2006 and the Statement of Recommended Practice for Charities (SORP 2015) (Second Edition, effective 1 January 2019)

The accounts are drawn up on the historical cost basis of accounting, as modified by the revaluation of investments. The accounts are prepared for the School as a single entity. The School has two subsidiaries and one joint venture, see notes 25 and 24 respectively.

Hampton School (the School) is a Public Benefit Entity registered as a charity in England and Wales. Hampton School Foundation Charity became a charitable company, limited by guarantee, on 1 September 2007 (registration number 06264434). The registered office is Hampton School, Hanworth Road, Hampton, Middlesex, TW12 3HD.

Group Financial Statements

These financial statements consolidate the results of the School and its subsidiary the Fitzwygram Foundation (charity number 10056045), together the Group. The School has one further subsidiary and a joint venture, see notes 25 and 24 respectively.

In accordance with Section 408 of the companies Act, no separate Statement of Financial Activities is presented for the School. The net movement in funds for the School for the year is £3,892,448 (2020: £739,726). The School has taken advantage of the exemption available to a qualifying entity in FRS102 from the requirement to present a Cash Flow Statement for the School only.

Going concern

The Covid-19 pandemic continued to impact the results for the year ended 31 August 2021. Despite this, with good financial management and effective cost controls, the Group was able to report a surplus for the year and a positive cash flow. Based on the experience gained, the additional measures taken to enhance remote teaching and learning and financial stewardship, the Trustees are confident that the Group will continue to operate effectively should pandemic related restrictions be reintroduced.

Having reviewed the Group’s future projected cash flows, which reflect Covid-19 and other risks, and the funding facilities available to the Group together with the expected ongoing demand for places, the Governors have a reasonable expectation that the School has adequate resources to continue its activities for the foreseeable future and consider that there are no material uncertainties over the School’s financial viability. Accordingly, they also continue to adopt the going concern basis in preparing the financial statements as outlined in the Statement of Governors’ Responsibilities on page 19.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the accounting policies, Governors are required to make judgement, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affected current and future periods.

Judgements made by the Governors in the application of these policies that have significant effect on the financial statements and estimates with a significant risk of material misstatement in the next year are deemed to be in relation to the depreciation rates of tangible fixed assets, the bad debt provision and the valuation of the defined benefit pension scheme liability.

30

HAMPTON SCHOOL NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 AUGUST 2021

1. ACCOUNTING POLICIES (continued)

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the School’s financial statements.

Fees and similar earned income

Fees receivable and charges for services and use of the premises, less any allowances, scholarships, bursaries granted by the School against those fees, but including contributions received from restricted funds, are accounted for in the period in which the service is provided.

Investment income

Investment income from dividends, bank balances and fixed interest securities is accounted for on an accruals basis.

Donations, legacies, grants and other voluntary income

Voluntary income is accounted for as and when entitlement arises, the amount can be reliably quantified and the economic benefit to the School is considered probable. Grant income from the Coronavirus Job Retention Scheme is recognised in the same period as the related employment costs are incurred.

Expenditure

Expenditure is allocated to expense headings on a direct cost basis. Redundancy and termination costs are accrued in the period in which the decision is made and communicated to the affected employee(s). The irrecoverable element of VAT is included with the item of expense to which it relates. Any expenses incurred with recoverable VAT are shown net of VAT.

Tangible fixed assets and depreciation

Items purchased with a cost of greater than £5,000 are depreciated with the exception of computer equipment in which case items purchased with a cost greater than £150,000 are depreciated. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful economic life.

Freehold property 2% on cost with 10% residual value
Leasehold property 2% on cost with 10% residual value or term of
lease if shorter
Property improvements 10% on cost
Furniture, fixtures & fittings and office equipment 15% on cost
Kitchen, administrative and teaching equipment 15% on cost
Motorised equipment 20% on cost
Computer equipment 50% on cost
Security & control systems 33.3% on cost
Motor vehicles 25% on cost
Rowing boats 10% on cost

Where assets are fully depreciated by the balance sheet date they are eliminated from the accounts in the following year. Properties held to provide staff accommodation are classified as fixed assets.

31

HAMPTON SCHOOL NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 AUGUST 2021

Pension Schemes

The School contributes to the Teachers’ Pension Scheme (the TPS) and to the Wandsworth Council Pension Fund (the Wandsworth Fund) at rates set by their actuaries and advised to the School by their administrators. These are defined benefit multi-employer pension schemes. As of 1 October 2016, the London Borough of Richmond upon Thames Pension Fund (the Richmond Fund) merged with the Wandsworth Fund. All previous participating employers of the Richmond Fund became participating employers of the Wandsworth Fund from this date and all assets and liabilities associated with each employer transferred to the Wandsworth Fund. The Richmond Fund was closed to support staff joining the School after 1 April 2009. For the TPS it is not possible to identify the assets and liabilities of the scheme that are attributable to the School and the School does not benefit from any surpluses on the scheme nor share in any losses. Accordingly, under FRS 102 the scheme is accounted for as if it were a defined contribution scheme. The School also contributes to TPT Retirement Solutions Pension Scheme for support staff joining the School after 1 April 2009. This is a money purchase scheme with the employer contribution currently set at 8% per annum and the employee contribution set at 4% per annum.

Operating Leases

Rentals payable are charged on a time basis over the lease term.

Realised and unrealised gains/losses

Realised gains/losses are recorded in the accounts at the date of disposal. Unrealised gains/losses are recorded at the balance sheet date.

Advanced Fee Payments

Parents may enter into a contract with the School to pay tuition fees in advance and by doing so they receive a discount.

Acceptance Deposits

An acceptance deposit is payable when a place is accepted at the School. The deposit is refunded when the pupil leaves the School. If parents choose not to send a pupil to the School after formally accepting a place the acceptance deposit is forfeited and retained according to the School’s terms and conditions.

Financial Assets and Liabilities

Basic financial cost instruments are initially recognised at transaction value and subsequently measured at amortised cost with the exception of investments which are held at fair value. Financial assets held at amortised cost comprise cash at bank and in hand, together with trade and other debtors. A specific provision is made for debts for which recoverability is in doubt. Cash at bank and in hand is defined as all cash held in instant access bank accounts and used as working capital. Financial liabilities held at amortised cost comprise all creditors except social security and other taxes and provisions. Assets and liabilities held in foreign currency are translated to sterling at the balance sheet date at an appropriate exchange rate.

Investments

Investments are stated at market value less any provision for permanent diminution in value.

32

HAMPTON SCHOOL NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 AUGUST 2021

2. CHARITABLE ACTIVITIES - SCHOOL FEES RECEIVABLE 2021 2020
£ £
The School’s fee income comprises:
Gross fees 30,057,019 28,449,365
Bursaries granted from restricted funds 293,301 320,894
Bursaries (2,094,124) (1,622,022)
Scholarships (1,044,042) (1,113,649)
Staff discounts (411,528) (402,102)
-------------------------- --------------------------
26,800,626 25,632,486
============= =============

Means-tested bursary awards, providing fee assistance to parents, were provided to a total of 128 pupils (2020: 116), of which 9 pupils (2020:5) were Fitzwygram Foundation Scholars. Scholarships, which are awarded to boys on merit and recognise talent and potential in a particular field, totalled 276 (2020: 302). The number of pupils receiving fee remission as children of members of staff was 50 (2020:53).

3. CHARITABLE ACTIVITIES - OTHER EDUCATIONAL INCOME 2021 2020
£ £
Charitable activities
Catering 1,205,623 1,040,421
Music tuition 405,139 340,228
Registration fees 170,750 141,215
Acceptance deposits forfeited 51,650 82,450
-------------------------- --------------------------
1,833,162 1,604,314
============= =============
4. INVESTMENT INCOME 2021 2020
£ £
Income from investments 65,089 65,190
Bank interest receivable 161 7,117
-------------------------- --------------------------
65,250 72,307
============= =============
5. DONATIONS AND GRANTS 2021 2020
£ £
Donations 808,781 614,903
Legacies 141,377 215,140
Appeal funds 4,888 5,162
Grants 145,218 599,343
-------------------------- --------------------------
1,100,264 1,434,548
============= =============

33

HAMPTON SCHOOL NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 AUGUST 2021

6. TOTAL EXPENDITURE

TOTAL EXPENDITURE
Staff Other Total
costs costs Depreciation 2021
Cost of raising funds £ £ £ £
Investment management fees - 90 - 90
-------------------------- -------------------------- -------------------------- --------------------------
Total cost of raising funds - 90 - 90
-------------------------- -------------------------- -------------------------- --------------------------
Charitable activities
Teaching costs 13,646,292 1,379,202 164,479 15,189,973
Welfare and catering 55,104 1,215,182 36,288 1,306,574
Premises 1,393,041 1,951,296 2,005,851 5,350,188
Support costs 3,314,303 2,386,758 1,156 5,702,217
Pension net finance charge 45,000 - - 45,000
Grant making - 293,301 - 293,301
Governance costs - 35,858 - 35,858
Bank interest and charges - 25,495 - 25,495
-------------------------- -------------------------- -------------------------- --------------------------
Total charitable activities 18,453,740 7,287,092 2,207,774 27,948,606
-------------------------- -------------------------- -------------------------- --------------------------
TOTAL EXPENDITURE 18,453,740 7,286,182 2,207,774 27,948,696
============ ============ ============ ============
Governance costs above include:
Audit fees - 33,300 - 33,300
Other services - 2,558 - 2,558
-------------------------- -------------------------- -------------------------- --------------------------
- 35,858 - 35,858
-------------------------- -------------------------- -------------------------- --------------------------
Staff Other Total
costs costs Depreciation 2020
Cost of raising funds £ £ £ £
Investment management fees - 41,056 - 41,056
-------------------------- -------------------------- -------------------------- --------------------------
Total cost of raising funds - 41,056 - 41,056
-------------------------- -------------------------- -------------------------- --------------------------
Charitable activities
Teaching costs 13,003,626 1,561,919 165,464 14,731,009
Welfare and catering 42,348 1,010,536 49,666 1,102,550
Premises 1,356,408 1,473,988 1,965,146 4,795,542
Support costs 3,257,311 2,261,229 2,553 5,521,093
Pension net finance charge 27,000 - - 27,000
Grant making - 320,894 - 320,894
Governance costs - 36,010 - 36,010
Bank interest and charges - 47,221 - 47,221
-------------------------- -------------------------- -------------------------- --------------------------
Total charitable activities 17,686,693 6,711,797 2,182,829 26,581,319
-------------------------- -------------------------- -------------------------- --------------------------
TOTAL EXPENDITURE 17,686,693 6,752,853 2,182,829 26,622,375
___ ___ ___ ___
Governance costs above include:
Audit fees - 32,640 - 32,640
Other services - 3,370 - 3,370
-------------------------- -------------------------- -------------------------- --------------------------
- 36,010 - 36,010
-------------------------- -------------------------- -------------------------- --------------------------

34

HAMPTON SCHOOL NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 AUGUST 2021

7. STAFF COSTS 2021 2020
£ £
Payroll costs:
Teaching staff 13,646,292 13,003,625
Non-teaching staff 4,807,448 4,683,068
-------------------------- --------------------------
18,453,740 17,686,693
============= =============
Wages and salaries 14,121,159 13,514,298
Social security costs 1,543,644 1,472,323
Pension costs 2,788,937 2,700,072
-------------------------- --------------------------
18,453,740 17,686,693
============= =============
The average number of employees during the year: 2021 2020
Number Number
Teaching staff
Full-time 148 143
Part-time 73 75
Non-teaching staff
Full-time 80 89
Part-time 123 126
--------- ---------
424 433
==== ====
The number of employees whose emoluments exceeded £60,000:
£60,000 - £70,000 25 25
£70,000 - £80,000 9 6
£80,000 - £90,000 3 2
£90,000 - £100,000 1 2
£100,000-£110,000 3 1
£140,000-£150,000 1 1
£280,000-£290,000 - 1
£290,000-£300,000 1 -
=== ===
2021 2020
Employees with retirement benefits accruing:
- in defined contribution schemes 5 5
for which the employer contributions amounted to £32,864 £31,840
- in defined benefit schemes 37 32
Redundancy and other termination payments made during the year amounted
to £52,496 (2020: £11,084).
Aggregate employee benefits of key management personnel £1,889,522 £1,827,369
No remuneration is payable to any Trustees (2020: nil).

Payments of £630 (2020: £310) were made on behalf of 2 (2020: 3) Trustees during the year for various expenses incurred in relation to their duties

35

HAMPTON SCHOOL NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 AUGUST 2021

8. CONSOLIDATED ENTITIES

The Fitzwygram The Fitzwygram The Fitzwygram
Foundation Foundation
2021 2020
£ £
Income from:
Donations and legacies 709,816 584,421
Investments 65,161 35,817
Expenditure on:
Cost of raising funds (90) (225)
Charitable activities (296,253) (321,880)
Investment gains 236,981 82,526
-------------------------- --------------------------
Net incoming resources 715,615 380,659
============= =============
Total funds balance (Note 17) 3,011,505 2,295,890
============= =============
.
9. FIXED ASSETS Property Freehold Leasehold Property Equipment
Group and School Improvements Property Property Total Total Total
£ £ £ £ £ £
Cost
At 1 September 2020 9,686,856 46,411,979 875,662 56,974,497 2,532,610 59,507,107
Additions 1,029,329 358,099 - 1,387,428 322,489 1,709,917
Disposals and
adjustments (391,867) (29,419) 13,172 (408,114) (208,817) (616,931)
------------------------- ------------------------- ------------------------- ------------------------- ------------------------- -------------------------
At 31 August 2021 10,324,318 46,740,659 888,834 57,953,811 2,646,282 60,600,093
------------------------- ------------------------- ------------------------- ------------------------- ------------------------- -------------------------
Depreciation
At 1 September 2020 6,228,793 4,692,032 190,828 11,111,653 1,415,922 12,527,575
Charge for the year 949,438 797,379 19,732 1,766,549 441,225 2,207,774
Disposals and
adjustments (408,112) - - (408,112) (203,866) (611,978)
------------------------- ------------------------- ------------------------- ------------------------- ------------------------- -------------------------
At 31 August 2021 6,770,119 5,489,411 210,560 12,470,090 1,653,281 14,123,371
------------------------- ------------------------- ------------------------- ------------------------- ------------------------- -------------------------
Net Book Value
At 31 August 2021 3,554,199 41,251,248 678,274 45,483,721 993,001 46,476,722
============= ============= ============= ============= ============= =============
At 31 August 2020 3,458,063 41,719,947 684,834 45,862,844 1,116,688 46,979,532
============= ============= ============= ============= ============= =============

36

HAMPTON SCHOOL NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 AUGUST 2021

9. FIXED ASSETS (continued)

Kitchen,
Security Furniture, Fixtures Administrative
EQUIPMENT Rowing & Control & Fittings & Teaching Motorised Motor Equipment
Boats Systems & Office Equipment Equipment Equipment Vehicles Total
£ £ £ £ £ £ £
Cost
At 1 September 2020 246,525 143,175 1,120,950 488,283 302,056 231,621 2,532,610
Additions - 94,761 90,722 - 112,967 24,039 322,489
Disposals and
adjustments - - (31,938) (54,090) (65,514) (57,275) (208,817)
------------------------ ------------------------ ------------------------ ------------------------ ------------------------ ------------------------ ------------------------
At 31 August 2021 246,525 237,936 1,179,734 434,193 349,509 198,385 2,646,282
------------------------ ------------------------ ------------------------ ------------------------ ------------------------ ------------------------ ------------------------
Depreciation
At 1 September 2020 87,930 67,344 643,728 333,571 173,110 110,239 1,415,922
Charge for the year 24,652 79,316 161,142 56,615 69,902 49,598 441,225
Disposals and
adjustments - - (31,938) (49,139) (65,514) (57,275) (203,866)
------------------------ ------------------------ ------------------------ ------------------------ ------------------------ ------------------------ ------------------------
At 31 August 2021 112,582 146,660 772,932 341,047 177,498 102,562 1,653,281
------------------------ ------------------------ ------------------------ ------------------------ ------------------------ ------------------------ ------------------------
Net Book Value
At 31 August 2021 133,943 91,276 406,802 93,146 172,011 95,823 993,001
============= ============= ============= ============= ============= ============= =============
At 31 August 2020 158,595 75,831 477,222 154,712 128,946 121,382 1,116,688
============= ============= ============= ============= ============= ============= =============

37

HAMPTON SCHOOL NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 AUGUST 2021

10. FIXED ASSET INVESTMENTS 2021 2020
Group Group
£ £
QUOTED INVESTMENTS
Market value at 1 September 7,899,746 7,807,859
Additions 471,211 10,800,955
Disposals (764) (10,947,193)
Share donation - 71,850
Investment management fees (90) (41,056)
Investment income retained in investment portfolio 65,000 29,809
Realised investment gains 6 132,622
Unrealised investment gains 1,451,473 44,900
------------------------ ------------------------
Market value at 31 August 9,886,582 7,899,746
============ ============
Historic cost at 31 August 8,390,202 7,853,965
============ ============
2021 2020
School School
£ £
QUOTED INVESTMENTS
Market value at 1 September 5,915,787 7,807,859
Additions 145,447 961,098
Disposals - (2,907,335)
Investment management fees - (40,831)
Realised investment gains - 136,228
Unrealised investment gains/(losses) 1,214,499 (41,232)
------------------------ ------------------------
Market value at 31 August 7,275,733 5,915,787
============ ============
Historic cost at 31 August 6,102,458 5,956,138
============ ============
ANALYSIS OF FIXED ASSET INVESTMENTS 2021 School Fitzwygram Group
CCLA Sarasin
2021
£
CAPITAL FUNDS
Capital account – endowed funds 4,244,328 - 4,244,328
------------------------ ------------------------ ------------------------
RESTRICTED FUNDS
Badman/Shepherd memorial fund 29,599 - 29,599
Fitzwygram Foundation - 2,610,849 2,610,849
------------------------ ------------------------ ------------------------
29,599 2,610,849 2,640,448
------------------------ ------------------------ ------------------------
DESIGNATED FUNDS
Bursary fund 2,554,413 - 2,554,413
Pension liability fund 447,393 - 447,393
------------------------ ------------------------ ------------------------
3,001,806 - 3,001,806
------------------------ ------------------------ ------------------------
------------------------ ------------------------ ------------------------
At 31 August 2021 7,275,733 2,610,849 9,886,582
============ ============ ============

38

HAMPTON SCHOOL NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 AUGUST 2021

10. FIXED ASSET INVESTMENTS (continued)
ANALYSIS OF FIXED ASSET INVESTMENTS 2020 School Fitzwygram Group
CCLA Sarasin
2020
£
CAPITAL FUNDS
Capital account – endowed funds 3,465,598 - 3,465,598
----------------------- ----------------------- -----------------------
RESTRICTED FUNDS
Badman/Shepherd memorial fund 24,658 - 24,658
Fitzwygram Foundation - 1,983,959 1,983,959
----------------------- ----------------------- -----------------------
24,658 1,983,959 2,008,617
----------------------- ----------------------- -----------------------
DESIGNATED FUNDS
Bursary fund 2,127,988 - 2,127,988
Pension liability fund 297,543 - 297,543
----------------------- ----------------------- -----------------------
2,425,531 - 2,425,531
----------------------- ----------------------- -----------------------
----------------------- ----------------------- -----------------------
At 31 August 2020 5,915,787 1,983,959 7,899,746
============ ============ ============
11. APPEAL FUND ASSETS 2021 2020
Group and School £ £
Cash at bank 683 179
Income tax recoverable and interest receivable 976 1,031
------------------------ ------------------------
1,659 1,210
============= =============
12. DEBTORS Group Group School School
2021 2020 2021 2020
£ £ £ £
School fees receivable 220,993 502,422 220,993 502,422
Other debtors 232,305 415,122 223,530 415,122
Amount due from subsidiary - - 284,426 30,730
Amount due from joint ventures - 61,335 - 61,335
Prepayments and accrued income 624,030 382,849 580,230 381,432
Prepayments to be released after more than one year 18,376 34,872 18,376 34,872
------------------------ ------------------------ ------------------------ ------------------------
1,095,704 1,396,600 1,327,555 1,425,913
============ ============ ============ ============

39

HAMPTON SCHOOL NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 AUGUST 2021

13. CREDITORS: amounts falling due within one year 2021 2020
£ £
Group and School
Overdraft 256,895 254,585
Advanced fees (Note 14) 1,211,452 1,154,234
Fees received in advance 522,575 472,307
Trade creditors 436,629 867,090
Accruals 667,409 402,411
Amount due to joint ventures 65,000 -
Other creditors 469,495 585,156
Tax and social security 392,049 361,013
Acceptance deposits 347,100 315,250
------------------------ ------------------------
4,368,604 4,412,046
============ ============
14 CREDITORS: amounts falling due after more than one year 2021 2020
£ £
Group and School
Bank loan (Note 15) - 1,835,000
Acceptance deposits 2,043,200 2,010,900
Advanced fees 2,405,471 2,029,804
------------------------ ------------------------
4,448,671 5,875,704
============ ============

Advanced fees

Parents may enter into a contract to pay to the School up to the equivalent of 7 years tuition fees in advance. The money may be returned subject to specific conditions on the receipt of one term’s notice. Assuming pupils remain in the School, advanced fees will be applied as follows:

2021 2020
£ £
After 5 years 217,479 209,027
Within 2 to 5 years 1,164,939 1,077,591
Within 1 to 2 years 1,023,053 743,186
------------------------ ------------------------
2,405,471 2,029,804
Within 1 year 1,211,452 1,154,234
------------------------ ------------------------
3,616,923 3,184,038
============ ============
The balance represents the accrued liability under the related contracts. The movements during the year were:
Balance at 1 September 3,184,038 2,016,522
New contracts 1,673,320 2,151,221
Discounts applied 44,206 32,339
Amounts utilised in settlement of fees (1,284,641) (1,016,044)
------------------------ ------------------------
Balance at 31 August 3,616,923 3,184,038
============= =============

40

HAMPTON SCHOOL NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 AUGUST 2021

15. BANK LOAN Group and School

A secured revolving loan agreement was entered into in September 2013 and amended by a letter of variation in December 2016. The loan has an upper limit of £6m. The final repayment date was 1 December 2021 and the interest is calculated at base rate plus margin of 2.00 per cent per annum. The terms of the loan agreement and variation were approved by written resolutions of the Governors. The loan is secured by a legal charge over the School’s properties in Wensleydale Road and Gloucester Road, Hampton. As at 31 August 2021 the balance of the secured loan was £nil (2020: £1,835,000).

16. CAPITAL FUNDS Group and School

Endowed funds
Capital Account Property Reserve Total
£ £ £
1 September 2019 5,458,993 714,168 6,173,161
Net expenditure (27,708) - (27,708)
Transfers 70,195 - 70,195
Investment gains 70,266 - 70,266
------------------------ ------------------------ ------------------------
31 August 2020 5,571,746 714,168 6,285,914
Net income 52 - 52
Transfers 70,195 - 70,195
Investment gains 708,482 - 708,482
------------------------ ------------------------ ------------------------
31 August 2021 6,350,475 714,168 7,064,643
============ ============ ============

Under agreements with the Charity Commission the Trust is committed to the following repayments:

To the Capital Account:

41

HAMPTON SCHOOL NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 AUGUST 2021

17. RESTRICTED FUNDS

Group Total Fitzwygram Total
School Foundation Group
£ £ £
1 September 2019 27,098 1,915,231 1,942,329
Net income / (expenditure) 49,783 81,893 131,676
Investment gains 252 82,526 82,778
Transfers (6,520) 216,240 209,720
------------------------ ------------------------ ------------------------
31 August 2020 70,613 2,295,890 2,366,503
Net income / (expenditure) 6,802 381,040 387,842
Investment gains 4,941 236,981 241,922
Transfers (49,370) 97,594 48,224
------------------------ ------------------------ ------------------------
31 August 2021 32,986 3,011,505 3,044,491
============ ============ ============
School Appeal Badman/Shepherd Hardship Total
Funds Memorial Fund Fund School
£ £ £ £
1 September 2019 2,568 24,530 - 27,098
Net income / (expenditure) 5,162 (124) 44,745 49,783
Investment gains - 252 - 252
Transfers (6,520) - - (6,520)
------------------------ ------------------------ ------------------------ --------------------
31 August 2020 1,210 24,658 44,745 70,613
Net income / (expenditure) 4,888 - 1,914 6,802
Investment gains - 4,941 - 4,941
Transfers (4,439) - (44,931) (49,370)
------------------------ ------------------------ ------------------------ --------------------
31 August 2021 1,659 29,599 1,728 32,986
============ ============= ============ ==========

The Appeal funds balance comprises two separate appeals:

The Badman/Shepherd Memorial Fund supports travel grants for pupils.

The Hardship fund was established during 2020 with donations from parents to assist those financially affected by covid-19 with the payment of their school fees. It is anticipated that the remainder of the fund will be utilised in the next financial year.

The Fitzwygram Foundation was established in 2016 to seek ways to increase the level of bursary funding. A £97,594 donation (2020: £216,240) was made during the year from the School to the Fitzwygram Foundation and £206,344 (2020: £104,936) was paid by the Fitzwygram Foundation to the School in respect of bursaries for Fitzwygram Scholars.

42

HAMPTON SCHOOL NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 AUGUST 2021

18. OTHER FUNDS AND RESERVES Group and School

Group and School
Unrestricted Unrestricted Designated Funds Unrestricted
Funds Bursary Pension Pension General
Property Reserve Fund Liability Reserve Fund
(see note below) (see note Fund (note 22) Income Total
below) (see note Account
below)
£ £ £ £ £ £
1 September 2019 33,593,334 2,116,930 207,410 (1,515,000) - 34,402,674
Net income/
(expenditure) - (10,725) (1,395) (144,000) 2,346,015 2,189,895
Transfers 1,977,267 - 88,833 - (2,346,015) (279,915)
Gains / (losses) - 21,783 2,695 (1,351,000) - (1,326,522)
------------------------ ------------------------ ------------------------ ------------------------ ------------------------ ------------------------
31 August 2020 35,570,601 2,127,988 297,543 (3,010,000) - 34,986,132
Net income/
(expenditure) - 31 5 (118,000) 1,793,669 1,675,705
Transfers 1,600,087 - 75,163 - (1,793,669) (118,419)
Gains / (losses) - 426,394 74,681 1,092,000 - 1,593,075
------------------------ ------------------------ ------------------------ ------------------------ ------------------------ ------------------------
31 August 2021 37,170,688 2,554,413 447,392 (2,036,000) - 38,136,493
============= ============= ============= ============= ============= =============
Expenditure, income and transfers from the unrestricted general fund income account:
Expenditure 2021 2020
Repayments to capital account (note 16) (70,195) (70,195)
Transfer to designated funds (75,163) (88,833)
Transfer to the Fitzwygram Foundation (97,594) (216,240)
Transfer to property reserve (1,600,087) (1,977,267)
Income
Funded by appeal (note 17) 4,439 6,520
Hardship fund 44,931 -
------------------------ ------------------------
(1,793,669) (2,346,015)
============= =============

Property Reserve

With the exception of properties funded out of restricted capital, the available balance of free reserves is designated up to a maximum of the amount spent on additions and improvements to freehold and leasehold properties less depreciation charged thereon and adjustments for disposals.

Bursary Fund

Bequests and other ad hoc amounts received by the School are allocated to the Bursary Fund by the Governors

Pension Liability Fund

This will, over time, represent any shortfall in the pension scheme liability.

43

HAMPTON SCHOOL NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 AUGUST 2021

19. ANALYSIS OF GROUP NET ASSETS BETWEEN FUNDS

2021 Unrestricted Restricted Endowment Total
Funds Funds Funds Funds
£ £ £ £
Fund balances at 31 August 2021
are represented by:
Tangible fixed assets 43,656,407 2,820,315 46,476,722
Investments 3,001,806 29,599 4,244,328 7,275,733
Net current (liabilities)/assets (2,037,049) 3,387 (2,033,662)
Long term liabilities (4,448,671) (4,448,671)
Pension liability (2,036,000) (2,036,000)
------------------------ ------------------------ ------------------------ ------------------------
School 38,136,493 32,986 7,064,643 45,234,122
Fitzwygram Foundation:
Investments - 2,610,849 - 2,610,849
Net current assets - 400,656 - 400,656
------------------------ ------------------------ ------------------------ ------------------------
Group 38,136,493 3,044,491 7,064,643 48,245,627
============= ============= ============= =============
Net gains included above
(compared to historic cost):
On investments 484,066 327,880 684,434 1,496,380
============= ============= ============= =============
2020 Unrestricted Restricted Endowment Total
Funds Funds Funds Funds
£ £ £ £
Fund balances at 31 August 2020
are represented by:
Tangible fixed assets 44,159,216 - 2,820,316 46,979,532
Investments 2,425,531 24,658 3,465,598 5,915,787
Net current (liabilities)/ assets (2,712,911) 45,955 - (2,666,956)
Long term liabilities (5,875,704) - - (5,875,704)
Pension liability (3,010,000) - - (3,010,000)
------------------------ ------------------------ ------------------------ ------------------------
School 34,986,132 70,613 6,285,914 41,342,659
Fitzwygram Foundation:
Investments - 1,983,959 - 1,983,959
Net current assets - 311,931 - 311,931
------------------------ ------------------------ ------------------------ ------------------------
Group 34,986,132 2,366,503 6,285,914 43,638,549
============ ============ ============ ============
Net gains/(losses) included above
(compared to historic cost):
On investments (16,544) 85,964 (23,639) 45,781
============ ============ ============ ============

44

HAMPTON SCHOOL NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 AUGUST 2021

20. FINANCIAL COMMITMENTS

At 31 August 2021 the School had future minimum lease payments under non-cancellable operating leases as follows:

ollows:
2021 2020
£ £
Payments due:
Within one year 50,639 21,907
Between two and five years 82,977 2,340
More than five years - -
------------------------ ------------------------
133,616 24,247
============ ============

The cost of the operating leases included as an expense in the Statement of Financial Activities is £51,138 (2020: £49,535).

21. PENSION SCHEMES

The School participates in the Teachers’ Pension Scheme (“the TPS”) for its teaching staff. The pension charge for the year includes contributions payable to the TPS of £2,241,414 (2020: £2,125,637) and at the year-end £259,260 (2020: £249,026) was accrued in respect of contributions to this scheme.

The TPS is an unfunded multi-employer defined benefits pension scheme governed by The Teachers’ Pensions Regulations 2010 (as amended) and The Teachers’ Pension Scheme Regulations 2014 (as amended). Members contribute on a “pay as you go” basis with contributions from members and the employer being credited to the Exchequer. Retirement and other pension benefits are paid by public funds provided by Parliament.

The employer contribution rate is set by the Secretary of State following scheme valuations undertaken by the Government Actuary’s Department. The most recent actuarial valuation of the TPS was prepared as at 31 March 2016 and the Valuation Report, which was published in March 2019, confirmed that the employer contribution rate for the TPS would increase from 16.4% to 23.6% from 1 September 2019. Employers are also required to pay a scheme administration levy of 0.08% giving a total employer contribution rate of 23.68%.

The 31 March 2016 Valuation Report was prepared in accordance with the benefits set out in the scheme regulations and under the approach specified in the Directions, as they applied at 5 March 2019. However, the assumptions were considered and set by the Department for Education prior to the ruling in the ‘McCloud/Sargeant case’. This case has required the courts to consider cases regarding the implementation of the 2015 reforms to Public Service Pensions including the Teachers’ Pensions.

On 27 June 2019 the Supreme Court denied the government permission to appeal the Court of Appeal’s judgement that transitional provisions introduced to the reformed pension schemes in 2015 gave rise to unlawful age discrimination. The government is respecting the Court’s decision and has said it will engage fully with the Employment Tribunal as well as employer and member representatives to agree how the discriminations will be remedied. The government announced on 4 February 2021 that it intends to proceed with a deferred choice underpin under which members will be able to choose either legacy or reformed scheme benefits in respect of their service during the period between 1 April 2015 and 31 March 2022 at the point they become payable.

The TPS is subject to a cost cap mechanism which was put in place to protect taxpayers against unforeseen changes in scheme costs. The Chief Secretary to the Treasury, having in 2018 announced that there would be a review of this cost cap mechanism, in January 2019 announced a pause to the cost cap mechanism following the Court of Appeal’s ruling in the McCloud/Sargeant case until there was certainty about the value of pensions to employees from April 2015 onwards. The pause was lifted in July 2020, and a consultation was launched on 24 June 2021 on proposed changes to the cost control mechanism following a review by the Government Actuary.

45

HAMPTON SCHOOL NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 AUGUST 2021

Following a public consultation, the Government have accepted three key proposals recommended by the Government Actuary, and are aiming to implement these changes in time for the 2020 valuations.

21. PENSION SCHEMES (continued)

In view of the above rulings and decisions the assumptions used in the 31 March 2016 Actuarial Valuation may become inappropriate. In this scenario, a valuation prepared in accordance with revised benefits and suitably revised assumptions would yield different results than those contained in the Actuarial Valuation.

Until the cost cap mechanism review is completed it is not possible to conclude on any financial impact or future changes to the contribution rates of the TPS. Accordingly, no provision for any additional past benefit pension costs is included in these financial statements.

The School also participates in a defined benefit pension scheme (see note 22) and a defined contribution scheme for support staff. The pension charge for the year includes contributions payable to these schemes of £426,524 (2020: £430,434) and at the year-end £Nil (2020: £35,771) was accrued in respect of contributions to these schemes.

22. PENSION SCHEME LIABILITY

An actuarial valuation of the defined benefit pension scheme previously offered to support staff was carried out on behalf of the School as at 31 August 2021, in accordance with FRS102 and based on the instructions of the Wandsworth Council Pension Fund. Contributions are set every three years following the actuarial valuation of the Fund required by the Regulations. The last full actuarial valuation of the Fund was as at 31 March 2019, which set the contributions for the period from 1 April 2020 to 31 March 2023. The contributions for the period after 31 March 2023 will be set following the completion of the actuarial valuation as at 31 March 2022.

2021 2020
% per annum % per annum
Financial assumptions
Pension increase rate 2.90% 2.35%
Salary increase rate 3.90% 3.35%
Expected return on assets 1.65% 1.55%
Discount rate 1.65% 1.55%
2021 2020
£’000 £’000
Fair value of employer assets
Equities 7,025 5,795
Bonds 1,543 1,342
Property 1,107 812
Multi-asset fund 1,073 499
Gilts 240 207
Cash 440 879
------------------------ ------------------------
11,428 9,534
============ ============

46

HAMPTON SCHOOL NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 AUGUST 2021

22. PENSION SCHEME LIABILITY (continued)

Mortality

Life expectancy from age 65:

Males Females
Retiring today 21.6 years 24.3 years
Retiring in 20 years 22.9 years 25.7 years
2021 2020
£’000 £’000
Balance sheet
Fair value of employer assets 11,428 9,534
Present value of funded liabilities (13,464) (12,544)
------------------------ ------------------------
Net underfunding in funded plans (2,036) (3,010)
Present value of unfunded liabilities - -
Unrecognised past service cost - -
------------------------ ------------------------
Net liability (2,036) (3,010)
============ ============
Amount in balance sheet
Liabilities (2,036) (3,010)
Assets - -
------------------------ ------------------------
Net liability (2,036) (3,010)
============ ============
Recognition in the Statement of Financial Activities (SOFA)
2021 2020
£’000 % of pay £’000 % of pay
Current service cost 252 48.0% 244 45.5%
Net interest cost 45 8.6% 27 5.1%
Administration expenses 3 0.5% 4 0.7%
----------- -------------- ----------- --------------
Total 300 57.1% 275 51.3%
====== ======== ====== ========
Actual return on plan assets 1,888 (446)
====== ======

47

HAMPTON SCHOOL NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 AUGUST 2021

22.
PENSION SCHEME LIABILITY (continued)		 2021 2020
£’000 £’000
Reconciliation of defined benefit obligations
Opening defined benefit obligations 12,544 11,666
Current service cost 252 242
Interest cost 193 214
Contribution by members 40 41
Change in financial assumptions 1,031 934
Change in demographic assumptions (155) (339)
Experience gains on defined benefit obligation (228) (5)
Estimated benefits paid (213) (209)
------------------------ ------------------------
Closing defined benefit obligations 13,464 12,544
============ ============
Reconciliation of fair value of employer assets
Opening fair value of employer assets 9,534 10,151
Interest on assets 148 187
Return on assets excluding interest 1,740 (633)
Other actuarial losses - (128)
Administration expenses (3) (4)
Contribution by members 40 41
Contribution by employer 182 129
Estimated benefits paid (213) (209)
------------------------ ------------------------
Closing fair value of employer assets 11,428 9,534
============ ============
Amounts for the current and previous accounting periods
Fair value of employer assets 11,428 9,534
Present value of defined benefit obligations (13,464) (12,544)
Deficit (2,036) (3,010)
Experience gains/ (losses) on assets - -
Experience gains on liabilities 228 5
============ ============
Reconciliation of Statement of Financial Activities (SOFA) and Balance Sheet movement
2021 2020
£’000 £’000
Movement in net liability 974 (1,495)
Associated costs included in charitable activities expenditure:
Service cost less employer’s contribution 70 113
Administration expenses 3 4
Net finance charge 45 27
------------------------ ------------------------
Actuarial gain / (loss) in SOFA 1,092 (1,351)
============ ============

The employer’s contributions for the year to 31 August 2022 will be approximately £127,000.

48

HAMPTON SCHOOL NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 AUGUST 2021

23. CAPITAL COMMITMENTS

At 31 August 2021 capital commitments relating to the installation of a new bore hole totalled £174,300.

24. PUPILCOACH LIMITED

The School has a half ownership of PupilCoach Limited, a joint venture formed with Lady Eleanor Holles School (LEH) in March 2000 to provide a service to families requiring help with transport to/from the schools. The company’s accounting year is the 31 August. Equity accounting is not used for the joint venture as it is not material to the School. The School’s share of shareholders’ funds as at 31 August 2021 was a deficit of £32,373 (2020: surplus £31,642). The School’s share of the results for the year ended 31 August and the balance sheet at 31 August is as follows:

2021 2020
£ £
Profit and loss account
Turnover 587,730 520,617
Administrative expenses (651,745) (485,803)
------------------------ ------------------------
Operating profit (64,015) 34,814
Interest receivable - -
------------------------ ------------------------
(Loss)/Profit on ordinary activities before taxation (64,015) 34,814
Taxation on profit on ordinary activities - -
Distribution to the School - (34,814)
------------------------ ------------------------
Loss on ordinary activities after taxation (64,015) -
Brought forward as at 1 September - -
------------------------ ------------------------
Carried forward as at 31 August (64,015) -
============ ============
2021 2020
£ £
Balance sheet
Current assets
Debtors 1,815 3,109
Cash at bank and in hand 17,614 61,316
Creditors: amounts falling due within one year (51,802) (32,783)
------------------------ ------------------------
Net current (liabilities)/assets (32,373) 31,642
============ ============
Capital and reserves
Called up share capital 31,642 31,642
Profit and loss account (64,015) -
------------------------ ------------------------
(32,373) 31,642
============ ============

Since the year end the School and LEH have each agreed to contribute £65,000 to PupilCoach Limited to cover the loss in the current year.

49

HAMPTON SCHOOL NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 AUGUST 2021

25. SUBSIDIARIES

The School is the sole member of the Fitzwygram Foundation (Company registration number 10056045 and charity registration number 1167976), a company limited by guarantee, which was incorporated on 10 March 2016. The registered office of the company is the same as the School.

The School owns the entire ordinary share capital of Hampton School Enterprises Limited (Company registration number 03003554), which was dormant in the current and preceding year. The registered office of the company is the same as the School.

26. RELATED PARTY TRANSACTIONS

There were no related party transactions during the year.

Donations received by the Fitzwygram Foundation during the year from Hampton School Trustees totalled £11,236 (2020: £7,500).

50