2020-10-31-accounts - Seven Hills Educationaltrust

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			Pages
Trustees' Annual Report			2to4
Independent Examiner's	Report		5to 5
Statement of Financial Activities			6to6
Summary Income and Expenditure		Account	7to 7
Balance Sheet			Sto8
Statement ofCash flows			9to9
Notes to the Accounts			10to 18
Detailed Statement of Financial Activities			19to 21

for the year	ended 31Octobe	r 2020
			Unrestricte	Restricted
			d funds	funds	Total funds	Total funds
			2020	2020	2020	2019
		Notes	E	E	E	E
Income and	endowments
from:
Donations	and legacies		136,398	20,438	156,836	81,309
Charitable	activities		93,020		93,020	70,116
Other trading activities			171,667		171,667	249,854
Other						63
Total			401,085	20,438	421,523	401,342
Expenditure	on:
Raising funds		8	2,996		2,996
Charitable	activities	9	6,827		6,827	5,212
Other		10	355,441	10,939	366,380	329,051
Total			365,264	10,939	376,203	334,263
Net gains on	investments
Net income			35,821	9,499	45,320	67,079
Transfers between funds
Net income gains/(losses)	before other		35,821	9,499	45,320	67,079
Other gains	and losses
Net movement in funds			35,821	9,499	45,320	67,079
Reconciliation offunds:
Total funds brought forward			70,545		70,545	3,466
Total funds carried forward			106,366	9,499	115,865	70,545

		2020	2019
		f	E
Income		421,523	401,342
Gross income for the year		421,523	401,342
Expenditure		374,487	331,831
Depreciation	and charges for
impairment	offixed assets.	1,716	2,432
Total expenditure for the year		376,203	334,263
Net income	before tax for the year	45,320	67,079
Net income	for the year	45,320	67,079

at 31October 2	020	020	020
Company No.	06716163			Notes	2020	2019
						6
Fixed assets
Tangible assets				13	4,299	6,015
					4,299	6,015
Current assets
Debtors				14	277,261	259,117
Cash at bank	and		in hand		70,971	2,517
					348,232	261,634
Creditors: Amount		falling due within one year		15	(236,666)	(197,104)
Net current assets					111,566	64,530
Total assets less	current liabilities				115,865	70,545
Net assets excluding			pension asset or liability		115,865	70,545
Total net assets					115,865	70,545
The funds ofthe	charity
Restricted funds				16
Restricted income			funds		9,499
					9,499
Unrestricted funds				16
General funds					106,366	70,545
					106,366	70,545
Reserves				16
Totalfunds					115,865	70,545

		2020	2019
		E	f
Cash flows from operating activities
Net income per Statement of Financial Activities		45,320	67,079
Adjustments for:
Depreciation of property, plant and equipment		1,716	2,432
Increase in trade and other receivables		(18,144)	(8,861)
Decrease in trade and other payables		(7,938)	(72,917)
Net cash provided by/(used in) operating	activities	20,954	(12,330)
Net cash from investing activities			63
Cash flows from financing activities
Repayment ofborro wings		47,500	16,012
Net cash from financing activities		47,500	16,012
Net increase In cash and cash equivalents		68,454	3,745
Cash and cash equivalents at the beginning	ofthe year	2,517	(1,228)
Cash and cash equivalents at the end ofthe year		70,971	2,517
Components ofcash and cash equivalents
Cash and bank balances		70,971	2,517
		70,971	2,517

3	Statemen	t	ofFinancial	Activities - prior y	ear
							Unrestricted
							funds	Tote Ifunds
							2019	2019
Income and endowments				from:
	Donations		and legacies				81,309	81,309
	Charitable		activities				70,116	70,116
	Other trading activities						249,854	249,854
	Other						63	63
Total							401,342	401,342
Expenditure		on:
	Charitable		activities				6,712	6,712
	Other						327,551	327,551
Total							334,263	334,263
Net	income						67,079	67,079
Net	income before other
gains/(losses)							67,079	67,079
Other gains and losses:
Net	movement		in funds				67,079	67,079
Reconciliation			offunds:
Total funds brought forward							3,466	3,466
Total funds carried forward							70,545	70,545
4	Income from donations			and legacies
					Unrestricted	Restricted	Total	Total
							2020	2019
	Donation				136,398		136,398	81,309
	Grant					20,438	20,438
					136,398	20,438	156,836	81,309

5	Income from		charitable ac	tivities
					Unrestricted	Total	Total
						2020	2019
	Fundra ising	events			3,010	3,010	70,116
	Job retention		Scheme		90,010	90,010
					93,020	93,020	70,116
6	Income from		other trading	activities
					Unrestricted	Total	Total
						2020	2019
	Fees receivables				164,397	164,397	209,104
	Summer school fees				7,270	7,270	40,750
					171,667	171,667	249,854
7	Other income
						Total	Total
						2020	2019
							E
	Other income						63
							63
8	Expenditure		on raising funds
					Unrestricted	Total	Total
						2020	2019
	Fundraising	trading costs
	Fees receivables				2,996	2,996
					2,996	2,996
9	Expenditure		on charitable	activities
					Unrestricted	Total	Total
						2020	2019
	Expenditure	on charitable
	activities
	Grants made				1,000	1,000
	Governance	costs
	Insurance				3,142	3,142	2,230
	Telephone				883	883	1,092
	Bank charges		and Interest		302	302	390
	Independent		examiner fee		1,500	1,500	1,500
					6,827	6,827	5,212

10	Other expenditure
				Unrestricted		Restricted	Total	Total
							2020	2019
	Catering cost				26,115	74	26,189	4,539
	Tuition fees				900		900	15,164
	Fees and subscription				4,359		4,359	1,116
	UK entertainment				1,069		1,069	4,336
	Employee costs				242,587	8,485	251,072	249,211
	Motor and travel costs				6,219	2,042	8,261	3733
	Premises costs				47,213		47,213	30,392
	Amortisation, depreciation,
	impairment, profit/loss		on		1,716		1,716	2,432
	disposal offixed assets
	General administrative		costs		14,059	338	14,397	8,463
	Legal and professional		costs		11,204		11,204	9,665
					355,441	10,939	366,380	329,051
11	Net income before transfers
						2020		2019
	This is stated after charging:					E		E
	Depreciation ofowned		fixed assets			1,716		2,432
12	Staff costs
	Salaries and wages					240,989		235,750
	Social security costs					8,141		11,385
	Pension costs					1,942		1,530
						251,072		248,665
	No employee received		emoluments	in excess ofE60,000.
	The average monthly	number offull		time equivalent	employees	during the year	was as follows:
						2020		2019
						Number		Number
	Teaching and administrative					18		23
						18		23

13	Tangible fixed assets
			Motor	Fixtures, fitti
			vehicle	ng and	Total
				equipment
				E
	Cost or revaluation
	At 1November 2019		14,500	97,932	112,432
	At 31October 2020		14,500	97,932	112,432
	Depreciation and
	impairment
	At 1November 2019		11,048	95,369	106,417
	Depreciation charge for the		863	853	1,716
	year
	At 31October 2020		11,911	96,222	108,133
	Net book values
	At 31October 2020		2,589	1,710	4,299
	At 31October 2019		3,452	2,563	6,015
14	Debtors
			2020		2019
			E		E
	Trade debtors		276,711		259,117
	Prepayments and accrued income		550
			277,261		259,117
15	Creditors:
	amounts falling due within one year
			2020		2019
			f		E
	Otherloans		164,012		116,512
	Trade creditors				18,973
	Other taxes and social	security	21,893		15,625
	Other creditors		42,962		40,896
	Accruals and deferred	income	7,799		5,098
			236,666		197,104

16	Movement	in funds
					Incoming
					resources		At 31
					(including	Resources	October
				At 1	other	expended	2020
				November	gains/losses
				2019	)
					E
	Restricted funds:
	Restricted income funds:
					20,438	(10,939)	9,499
	Total				20,438	(10,939)	9,499
	Unrestricted	funds:
	General funds			70,545	401,085	(365,264)	106,366
	Revaluation	Reserves:
	Total funds			70,545	421,523	(376,203)	115,865
17	Analysis of	net assets between	funds
						Unrestricted
							Total
						funds
							f
	Fixed assets					4,299	4,299
	Net current	assets				111,566	111,566
						115,865	115,865
18	Reconciliation ofnet debt
					At 1		At 31
					November		October
					2019	Cash flows	2020
					f	f	f
	Cash and cash equivalents				2,517	68,454	70,971
					2,517	68,454	70,971
	Borrowings				(116,512)	(47,500)	(164,012)
					(116,512)	(47,500)	(164,012)
	Net debt				(113,995)	20,954	(93,041)

	Annual co	mmitments under non-cancellable	operating leases are	as follows:
			2020	2020	2019	2019
			Land and		Land and
				Other		Other
			buildings		buildings
			f		f
	Operating	leases with expiry date:
	Pension commitments
				2020		2019
				f		f
	The pension cost charge to the company
	amounted	to:		1,942		1,530
20	Related party disclosures
	Controlling	party

for the year ended 3	1Oct	ober 2020
			Unrestricte	Restricted
			d funds	funds	Totalfunds	Totalfunds
			2020	2020	2020	2019
Income and endowments		from:
Donations and legacies
Donation			136,398		136,398	81,309
Grant				20,438	20,438
			136,398	20,438	156,836	81,309
Charitable activities
Fundraising events			3,010		3,010	70,116
Job retention Scheme			90,010		90,010
			93,020		93,020	70,116
Other trading activities
Fees receivables			164,397		164,397	209,104
Summer school fees			7,270		7,270	40,750
			171,667		171,667	249,854
Other
Other income						63
						63
Total income and endowments			401,085	20,438	421,523	401,342
Expenditure on:
Costs ofother trading	activities
Fees receivables			2,996		2,996
			2,996		2,996
Total ofexpenditure funds	on raising		2,996		2,996
Charitable activities
Grants made			1,000		1,000
			1,000		1,000
Governance costs
Insurance			3,142		3,142	2,230
Telephone			883		883	1,092
Bank charges and Interest			302		302	390
Independent examiner fee			1,500		1,500	1,500
			5,827		5,827	5,212
Total ofexpenditure activities	on charitable		6,827		6,827	5,212
Other expenditure
Catering cost			26,115	74	26,189	4,539
Tuition fees			900		900	15,164
Fees and subscription			4,359		4,359	1,116

UK entertainment			1,069		1,069	4,336
			32,443	74	32,517	25,155
Employee costs
Salaries/wages			232,504	8,485	240,989	235,750
Employer's NIC			8,141		8,141	11,385
Pension costs			1,942		1,942	1,530
Staff training						546
			242,587	8,485	251,072	249,211
Motor and travel costs
Vehicles - General costs			1,615		1,615
Vehicles - Repairs and						65
maintenance
Travel and subsistence			4,604	2,042	6,646	3,668
			6,219	2,042	8,261	3,733
Premises costs
Rent			23,861		23,861	8,854
Rates			4,350		4,350
Light, heat and power			7,701		7,701	10,559
Premises cleaning			785		785	950
Premises repairs and maintenance			10,516		10,516	10,029
			47,213		47,213	30,392
General administrative		costs,
including depreciation	and
amortisation
Depreciation ofMotor		vehicle	863		863	1,151
Depreciation of Fixtures, fitting			853		853	1,281
and equipment
Equipment repairs and			737		737
maintenance
Information and publications			2,929	275	3,204
Postage and couriers						355
Software, ITsupport	and related		1,206		1,206
costs
Stationery and printing			7,246	63	7,309	8,108
Sundry expenses			1,941		1,941
			15,775	338	16,113	10,895
Legal and professional	costs
Accountancy and bookkeeping			4,500		4,500	1,500
Consultancy fees						800
Other legal and professional			6,704		6,704	7,365
costs
			11,204		11,204	9,665
Total ofexpenditure ofother costs			355,441	10,939	366,380	329,051
Total expenditure			365,264	10,939	376,203	334,263
Net gains on investments

Net income	35,821	9,499	45,320	67,079
Net income before other
gains/(losses)	35,821	9,499	45,320	67,079
Other Gains
Net movement in funds	35,821	9,499	45,320	67,079
Reconciliation offunds:
Total funds brought forward	70,545		70,545	3,466
Total funds carried forward	106,366	9,499	115,865	70,545