OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-08-31-accounts

REGISTERED COMPANY NUMBER: 06156711 (England and Wales) REGISTERED CHARITY NUMBER: 1140307

Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 August 2022

for

Zelda School (A Company Limited by Guarantee)

Roy Pinnock & Co LLP Chartered Certified Accountants Wren House 68 London Road St Albans Hertfordshire AL1 1NG

Zelda School

Contents of the Financial Statements for the Year Ended 31 August 2022

Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7 to 8
Notes to the Financial Statements 9 to 17

Zelda School (Registered number: 06156711)

Report of the Trustees for the Year Ended 31 August 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES Objectives and aims

The Charity's objective is:

"The advancement of education for children by establishing and running a primary school and otherwise supporting the education of young children."

At Zelda School we aim to develop happy,self-disciplined and motivated children. Children learn through play and projects, either individually or collaboratively. This is a place where parents and members of the wider community can take an active role in school life and where people are not measured against each other but against their own potential.

We aim to teach a love of learning and to stimulate natural curiosity by:

We aim to provide children with the knowledge, skills and confidence to become democratic, self-respecting, loving adults.

Significant activities

This year we have continued to run Zelda School as a two class school at Holifield Farm in Cornwall, for up to 30 children each day.

Zelda Schools are small environmentally friendly schools, with buildings and furniture made from sustainable materials. We have been developing our gardens with the children and have a lovely vegetable patch with a poly-tunnel, a small woodland and an outdoor learning area. Outdoor learning and the environment are key features of education at Zelda School. There is a stable and highly committed team of staff working at Zelda School.

We continue to explore opportunities to further extend the Zelda School ethos to older groups of children and children in other geographical areas, and expand further into offering outdoor learning teacher training for mainstream school teachers.

This year has seen a return to more normal operations at Zelda School as Covid restrictions have been lifted and events within the school community have been able to restart. Our organisation remains in a strong position to enhance learning in West Cornwall and we are pleased to report that our most recent Ofsted inspection in May 2022 has resulted in a rating of "Outstanding".

Public benefit

The trustees have given due consideration to Charity Commission published guidance on the operation of the Public Benefit requirement.

Page 1

Zelda School (Registered number: 06156711)

Report of the Trustees for the Year Ended 31 August 2022

OBJECTIVES AND ACTIVITIES

Volunteers

We would like to thank the many parents and carers who commit so much time and energy to Zelda School and make the running of a school like this possible. The support of parents who clean, come to workdays and support the school fundraising activities are much appreciated by the trustees and is recognised as vital to building the school community.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The primary focus of our charity is the operation of a small school in Cornwall, for up to 30 children each day at Holifield farm in Gweek. Overall, around 50 families have benefited from the education provided at Zelda School over the last year, and 11 people are employed by Zelda School. Our school at Holifield continues to operate from from 2 yurt classrooms. Future plans for development of the school site include investigation of improved access routes to the school in collaboration with our landowners.

We have made further links with the wider community and worked hard as a school community to raise funds for additional equipment to enhance the educational experience of all the children who attend Zelda School.

Fundraising activities

Zelda School is fortunate to have a very active school community which organises many fundraising events throughout the course of each year. Fundraising efforts have focused on raising funds for additional resources for the school, with the added benefit that the events are enjoyed by all who attend. We are pleased to have been able to resume these as Covid restrictions have started to lift..

FINANCIAL REVIEW

Financial position

The school made an overall net deficit of £7,827 this year.

The principal sources of income were school fees of £87,559 (2021 £67,692) and Early Learning Scheme fees of £63,367 (2021 £56,961).

Total incoming resources were £20,033 higher than last year but total costs were £21,795 higher than last year. This was due in part to the cost of replacing the yurt covers, the range cooker and cloakroom roof repairs.

Reserves policy

The trustees are seeking to build up the reserves to a level which could support the operations of the charity during any temporary reduction in local authority income.. The trustees are therefore working towards holding reserves of approximately six months core expenditure and the charity currently holds reserves equivalent to three months' planned expenditure.

Page 2

Zelda School (Registered number: 06156711)

Report of the Trustees for the Year Ended 31 August 2022

FUTURE PLANS

We have also been working with external business coaches to create the Zelda School vision for the next five years. Part of this has been to clearly define our strategic focus, which is 'To develop and innovate outdoor and child-led learning and to impact mainstream education.' The primary way in which we achieve this is by running the school and constantly testing and innovating new methods of outdoor learning (inspired to a large extent by the children's ideas). We plan to resume running teacher-training courses at Zelda School, which are very well received by teachers from mainstream schools who wish to learn how to bring their teaching 'outside'.

Future plans include increased exposure for senior staff members at conferences and workshops around the country, which is important to keep them connected with the wider educational landscape,and also for raising the profile of what we do at Zelda School.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, its Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

Potential new trustees are invited to attend the next trustees' meeting and given an information pack in order for them to understand the role. Should they wish to be considered further they are invited to explain how and why they would like to be involved, and the existing board votes on whether to accept their application. If successful, background checks are carried out before being approved by Ofsted.

Organisational structure

Organisational structure
Chairperson Mrs Kathryn J White
Secretary Mrs Zelda Astley
Treasurer Dr Russ Monhemius
Management of school Mrs Zelda Astley & Miss Jackie Cockerill
Artistic director Mrs T Robertson

Wider network

This year we are again very grateful for all the support from Holifield Farm Project who have given us the use of the land on which we run Zelda School for a very low rent and have also allowed us to share their fabulous resources at Holifield Farm. This year has once again seen a focus on the core strengths of Zelda School, and a strengthening of the development plans for the future. We have additionally strengthened our links with local education providers by providing school based training sessions for staff, focussed on outdoor learning, and continued to share events where possible.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

06156711 (England and Wales)

Registered Charity number

1140307

Page 3

Zelda School (Registered number: 06156711)

Report of the Trustees for the Year Ended 31 August 2022

Registered office

Trewince Farm Manaccan Helston Cornwall TR12 6JD

Trustees

Miss Z C Astley Teacher Dr R Monhemius Trustee Mrs T E Robertson Artist and Housewife Mrs K J White Copywriter Miss E Rembalski (appointed 24.6.22) Miss V E Strugnell (appointed 22.7.22)

Company Secretary

Miss Z C Astley

Independent Examiner

Natalie Coleman FCCA Roy Pinnock & Co LLP Chartered Certified Accountants Wren House 68 London Road St Albans Hertfordshire AL1 1NG

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 14 June 2023 and signed on its behalf by:

Dr R Monhemius - Trustee

Page 4

Independent Examiner's Report to the Trustees of Zelda School

Independent examiner's report to the trustees of Zelda School ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2022.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Natalie Coleman FCCA

Roy Pinnock & Co LLP Chartered Certified Accountants Wren House 68 London Road St Albans Hertfordshire AL1 1NG

14 June 2023

Page 5

Zelda School

Statement of Financial Activities

(Incorporating an Income and Expenditure Account) for the Year Ended 31 August 2022

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
305
Charitable activities
Primary school
150,926
Other trading activities
3
1,724
Investment income
4
6
Total
152,961
EXPENDITURE ON
Raising funds
671
Charitable activities
5
Primary school
153,067
Other
7,050
Total
160,788
NET INCOME/(EXPENDITURE)
(7,827)
RECONCILIATION OF FUNDS
Total funds brought forward
43,930
TOTAL FUNDS CARRIED FORWARD
36,103
Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
-
-
31.8.22
Total
funds
£
305
150,926
1,724
6
152,961
671
153,067
7,050
160,788
(7,827)
43,930
36,103
31.8.21
Total
funds
£
8,249
124,653
20
6
132,928
-
135,383
3,610
138,993
(6,065)
49,995
43,930

The notes form part of these financial statements

Page 6

Zelda School (Registered number: 06156711)

Balance Sheet 31 August 2022

Unrestricted
Restricted
fund
fund
Notes
£
£
FIXED ASSETS
Tangible assets
11
12,372
-
CURRENT ASSETS
Debtors
12
7,577
-
Cash at bank and in hand
37,065
-
44,642
-
CREDITORS
Amounts falling due within one year
13
(8,244)
-
NET CURRENT ASSETS
36,398
-
TOTAL ASSETS LESS CURRENT
LIABILITIES
48,770
-
CREDITORS
Amounts falling due after more than one
year
14
(12,667)
-
NET ASSETS
36,103
-
FUNDS
16
Unrestricted funds
TOTAL FUNDS
31.8.22
Total
funds
£
12,372
7,577
37,065
44,642
(8,244)
36,398
48,770
(12,667)
36,103
36,103
36,103
31.8.21
Total
funds
£
6,296
5,164
53,677
58,841
(4,874)
53,967
60,263
(16,333)
43,930
43,930
43,930

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 7

Zelda School (Registered number: 06156711)

Balance Sheet - continued 31 August 2022

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 14 June 2023 and were signed on its behalf by:

R Monhemius - Trustee

The notes form part of these financial statements

Page 8

Zelda School

Notes to the Financial Statements for the Year Ended 31 August 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The charity is a private company limited by guarantee.

Management accounts are compared to termly projections of income and expenditure and reserves are maintained equivalent to three months' planned expenditure, of which staff salaries are the largest commitment.

The school has been fully open again this year and income from school fees and the early learning scheme have both increased. A Bounce back loan of £20,000 has helped the school to continue to meet its costs. In the opinion of the trustees the charity is a going concern.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Governance costs

Governance costs include the costs of preparation and examination of the statutory accounts, the costs of trustee meetings and the cost of any legal advice to trustees on governance or constitutional matters.

Allocation and apportionment of costs

Costs are allocated directly to the activity to which they relate. Where the costs incurred relate to more than one activity, they are apportioned on a basis consistent with the resource.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Yurt & Buildings - 25% on reducing balance Equipment - 25% on reducing balance

Tangible assets are capitalised if they can be used for more than one year and cost at least £500. They are valued at cost or, if gifted, at the value to the charity on receipt.

continued...

Page 9

Zelda School

Notes to the Financial Statements - continued for the Year Ended 31 August 2022

1. ACCOUNTING POLICIES - continued

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Debtors

Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.

Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

2. DONATIONS AND LEGACIES

31.8.22 31.8.21
£ £
Donations 263 965
Grants 42 7,284
305 8,249
Grants received, included in the above, are as follows:
31.8.22 31.8.21
£ £
Coronavirus Jobs Retention Scheme - 6,826
First year interest Bounceback loan 42 458
42 7,284

continued...

Page 10

Zelda School

Notes to the Financial Statements - continued

for the Year Ended 31 August 2022

3.
OTHER TRADING ACTIVITIES
31.8.22
£
Fundraising events
1,724
Other income
-
1,724
4.
INVESTMENT INCOME
31.8.22
£
Bank interest receivable
6
5.
CHARITABLE ACTIVITIES COSTS
Support
Direct
costs (see
Costs
note 6)
£
£
Primary school
151,076
1,991
6.
SUPPORT COSTS
Governance
Management
costs
£
£
Other resources expended
1,954
972
Primary school
1,079
912
3,033
1,884
7.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31.8.22
£
Independent examiner's remuneration
912
Depreciation - owned assets
4,124
31.8.21
£
-
20
20
31.8.21
£
6
Totals
£
153,067
31.8.21
£
-
20
20
31.8.21
£
6
Totals
£
153,067
Totals
£
2,926
1,991
4,917
31.8.21
£
870
2,098
Totals
£
2,926
1,991
4,917

continued...

Page 11

Zelda School

Notes to the Financial Statements - continued

for the Year Ended 31 August 2022

8.
TRUSTEES' REMUNERATION AND BENEFITS
31.8.22
31.8.21
£
£
Trustees' salaries
28,861
26,688
Trustees' social security
535
306
Trustees' pension contributions to money purchase schemes
554
510
29,950
27,504
The trustees' salaries shown above are as follows:
Zelda Astley
Headteacher
£24,975
Russ Monhemius
Administrator
£3,886
Pension contributions made on behalf of trustees are as follows:
Zelda Astley
Headteacher
£554
These payments are made under the authority of the Memorandum
of Association.
31.8.22
£
28,861
535
554
29,950
31.8.21
£
26,688
306
510
27,504

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2022 nor for the year ended 31 August 2021.

9.
STAFF COSTS
Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Teachers
Teaching assistants
Administrator
31.8.22
£
122,232
1,360
1,575
125,167
31.8.22
3
3
1
7
31.8.21
£
111,402
781
1,614
31.8.21
£
111,402
781
1,614
113,797
31.8.21
3
2
1
6

No employees received emoluments in excess of £60,000.

continued...

Page 12

Zelda School

Notes to the Financial Statements - continued

for the Year Ended 31 August 2022

10.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
fund
fund
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
8,249
-
Charitable activities
Primary school
124,653
-
Other trading activities
20
-
Investment income
6
-
Total
132,928
-
EXPENDITURE ON
Charitable activities
Primary school
135,383
-
Other
3,610
-
Total
138,993
-
NET INCOME/(EXPENDITURE)
(6,065)
-
RECONCILIATION OF FUNDS
Total funds brought forward
49,995
-
TOTAL FUNDS CARRIED
FORWARD
43,930
-
Total
funds
£
8,249
124,653
20
6
132,928
135,383
3,610
138,993
(6,065)
49,995
43,930

continued...

Page 13

Zelda School

Notes to the Financial Statements - continued

for the Year Ended 31 August 2022

11. TANGIBLE FIXED ASSETS

Yurt &
Furniture
Buildings
& fixtures
Equipment
£
£
£
COST
At 1 September 2021
35,260
2,423
11,816
Additions
10,200
-
-
At 31 August 2022
45,460
2,423
11,816
DEPRECIATION
At 1 September 2021
32,519
1,880
8,804
Charge for year
3,235
136
753
At 31 August 2022
35,754
2,016
9,557
NET BOOK VALUE
At 31 August 2022
9,706
407
2,259
At 31 August 2021
2,741
543
3,012
12.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.22
£
Other debtors
6,652
Prepayments and accrued income
925
7,577
Other debtors is made up as follows:
31.8.21
£
School fees
4,476
Yurt &
Furniture
Buildings
& fixtures
Equipment
£
£
£
COST
At 1 September 2021
35,260
2,423
11,816
Additions
10,200
-
-
At 31 August 2022
45,460
2,423
11,816
DEPRECIATION
At 1 September 2021
32,519
1,880
8,804
Charge for year
3,235
136
753
At 31 August 2022
35,754
2,016
9,557
NET BOOK VALUE
At 31 August 2022
9,706
407
2,259
At 31 August 2021
2,741
543
3,012
12.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.22
£
Other debtors
6,652
Prepayments and accrued income
925
7,577
Other debtors is made up as follows:
31.8.21
£
School fees
4,476
Totals
£
49,499
10,200
59,699
43,203
4,124
47,327
12,372
6,296
31.8.21
£
4,476
688
5,164
31.8.21 31.8.20
£ £
4,476 3,965

continued...

Page 14

Zelda School

Notes to the Financial Statements - continued

for the Year Ended 31 August 2022

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.22 31.8.21
£ £
Bank loans and overdrafts (see note 15) 4,000 3,667
Trade creditors 870 -
Social security and other taxes - (138)
Other creditors 287 -
Deferred income 647 144
Accrued expenses 2,440 1,201
8,244 4,874

Deferred income represents school fees received in the year before that to which they relate.

2022
Balance brought forward
144
Released during the year
-144
Received during the year
647
Balance carried forward
647
14.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.22
£
Bank loans (see note 15)
12,667
15.
LOANS
An analysis of the maturity of loans is given below:
31.8.22
£
Amounts falling due within one year on demand:
Bank loans
4,000
Amounts falling between one and two years:
Bank loans - 1-2 years
4,000
Amounts falling due between two and five years:
Bank loans - 2-5 years
8,667
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal
-
2021
1,683
-1,683
144
144
31.8.21
£
16,333
31.8.21
£
3,667
4,000
12,000
333

Page 15

continued...

Zelda School

Notes to the Financial Statements - continued

for the Year Ended 31 August 2022

16. MOVEMENT IN FUNDS

At 1.9.21
£
Unrestricted funds
General fund
43,930
TOTAL FUNDS
43,930
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
152,961
TOTAL FUNDS
152,961
Comparatives for movement in funds
At 1.9.20
£
Unrestricted funds
General fund
49,995
TOTAL FUNDS
49,995
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
132,928
TOTAL FUNDS
132,928
Net
movement
At
in funds
31.8.22
£
£
(7,827)
36,103
(7,827)
36,103
Resources
Movement
expended
in funds
£
£
(160,788)
(7,827)
(160,788)
(7,827)
Net
movement
At
in funds
31.8.21
£
£
(6,065)
43,930
(6,065)
43,930
Resources
Movement
expended
in funds
£
£
(138,993)
(6,065)
(138,993)
(6,065)

Page 16

continued...

Zelda School

Notes to the Financial Statements - continued for the Year Ended 31 August 2022

16. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement
At 1.9.20
in funds
£
£
Unrestricted funds
General fund
49,995
(13,892)
TOTAL FUNDS
49,995
(13,892)
At
31.8.22
£
36,103
36,103

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS
Incoming
resources
£
285,889
285,889
Resources
Movement
expended
in funds
£
£
(299,781)
(13,892)
(299,781)
(13,892)

17. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2022.

Page 17