2022-12-31-accounts - Dawliffe Hall Educational Foundation

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

TENTS
		Page
Directors' and Trustees' report		1 —15
Auditors' report		16-18
Statement offinancial	activities
and income 8 expenditure account		19
Balance sheet		20
Cash flow statement		21
Notes to the financial	statements	22- 32

Company	number	number	1450892
Registered	charity number		278720
Scottish charity		number	SCO39512
Registered	office		10Wellesley Terrace
			London N1 7NA
Auditor			Rouse Audit LLP
			55Station Road
			Beaconsfield
			Bucks
			HP9 1QL
Banks			HSBC Bank pic
			Kensington &Chelsea Commercial	Banking Centre
			Heathrow House
			785 Bath Road
			Cranford, Middlesex TW5 9AT
			Royal Bank ofScotland
			Charities 8 Not for Profit Sector
			6'"Floor, 1 Princes Street
			London EC2R 8BP
Solicitor			Ann C. Bennett
			2 Chelsea Embankment
			London
			SW3 4LG
Chief Executive		Officer	Maria Alvarez de Toledo
Chief Finance Officer			Isabel Abad
Directors„who		are also trustees	Ann Catherine Bennett (Chair)
			Mary Mulhall
			Marta Sauri
			Vivian Chinwe Nzewi
			Anna Burbidge
			Elena Cardenal

					2022		2021
			Notes
Fixed assets
Tangible assets			14		18,432,803		12,294,673
Assets under construction			19		399,341
Current assets
Debtors: amounts falling due within one year						29,803
Loan to PACT falling year	due within one		15	253,500
Other debtors falling year	due within one		15,19			6,142,543
Loan to PACT falling than one year	due atter more		15	520.000		773.500
Cash at bank and in hand			23	3,485,206		3,984,776
				4,319,079		10,930,622
Creditors: amounts one year	falling due within					(1,747,528)
Net current assets					2,933,526		9,183,094
Total assets less current liabilities					21,765,670		21,477,767
Creditors: amounts more than one year	falling due after				(805,226)		(756,402)
Funds			18		20,960,444		20,721,365
Unrestricted
General Fund					2,527,641		8,426,692
Designated Fund					18,432,803		12,294,673
					20,960,444		20,721,365
The notes on pages 22to 32 form part		ofthese accounts.
Approved by the Board and authorised		for	issue on		q ooo

			2022	2021
		Notes
Net cash flows from operating activities		21	556,453		717,634
Cash flows from investing	activities
Purchase ofproperty, plant and equipment			(314,755)	(200,058)
Proceeds from sale ofassets				2,282,134
Payments to acquire tangible	assets		(399,341)
Interest received			35,073	8,067
PACT loan repayment				253,500
Net cash flows from investing activities			(679,023)		2,343,643
Cash flows from financing	activities
New short-term loans			9,000	380,900
Repayment ofshort-term loans			(26,000)	(9,181)
New long-term loans
Repayment oflong-term non	secured
loans			(360,000)	(781,027)
Interest paid				(3,716)
Net cash flows from financing activities			(377,000)		(413,024)
Net increase/(decrease) in	cash and
cash equivalents in the year			(499,570)		2,648,253
Cash and cash equivalent at beginning ofthe year	the	22	3,984,776		1,336,523
Cash and cash equivalents at the end of the year		22	3,485,206		3,984,776

	DHEF	Ashwell	Hazelwood	Total	Total
		House		2022	2021
Fees	1,148	446,795	212,776	662,719	386,203
Contributions	149,996	31,119	2,764	183,899	192.632
Covid Grants					39,313
Unrestricted	151,144	479,914	215,560	846,618	618,148

6.Analysis ofexpenditure	6.Analysis ofexpenditure	6.Analysis ofexpenditure	activities
			DHEF	Ashwefi	Hazelwood	Total
				House		2022
Activities undertaken		directly	323,915	361,179	116,062	801,156
Grants to other charities			132,544			132,544
Supportcosts			273,610	58,631	56,631	390,872
			730,069	419,810	174,693	1,324,572
Governance	8Su	ort costs
Head oflice salary costs			49,438	10,594	10,594	70,626
Head office &insurance costs			42,750	9,151	9,161	61,072
Interest Paid			572	123	123	818
Depreciation			169,930	36,413	36,413	242,756
Governance			10,920	2,340	2,340	15,600
			273,610	58,631	58,631	390,872

			DHEF	Ashwell	Hazelwood	Total
				House
Costs			(323,915)	(361,179)	(116,062)	(801,156)
Fees			151,144	479,914	215,560	846,618
Net cost funded from other
income			(172,771)	118,735	99,498	45,462
8.	Interest Payable
					2022	2021
Interest	payable on non-secured	loans				3,716
9.	Net income/(expenditure)	for the year
This is stated after expenses I(income) of:					2022	2021
Depreciation oftangib(e assets					319,167	249,127
Audit fee					15,600	14,400
Interest	payable					3,716
Foreign	exchange loss (gain)				48,824	(80,676)
10.	Taxation

		2022	2021
		6
Clark Marjory		1,500
Mulhall J		750
MA Mulhall			100
14. Tangible fixed assets for use by		the charity
		Land and	Fixtures		Total
		buildings	fittings 8
		freehold	equipment
		8	6
Cost
At 1 January	2022	13,781,672	1,985,237		15,766,909
Additions		6,191,420	265,877		6,457,297
Disposals
At 31 December 2022		19,973,092	2,251,114		22,224,206
Depreciation
At 1 January	2022	2,424,271	1,047,965		3,472,236
Charge for the year		165,622	153,545		319,167
Depreciation	on disposal
At 31 December 2022		2,589,893	1,201,510		3,791,403
Net book value
At 31 December 2022		17,383,209	1,049,604		18,432,803
At 31 December 2021		11,357,401	937,272		12,294,673
15. Debtors
			2022	2021
			6	6
Tex recoverable			8,892	6,241
Other debtors			51,481	23,563
Loan to PACT			773,500	773,500
Deposits and	shortfalls (see note 19)			6,142,543
			833,873	6,945,846

						2022	2021
Loan to PACT						520,000	773,500
16. Creditors: amounts				falling due within one		year
						2022	2021
							6
Bank and other	loans
Concessionary	loans				1,318,073		1,695,073
Taxation and social security						3,061	2,350
Other creditors	and accruals					64,419	50,105
					1,385,553		1,747,528
All the loans are	unsecured		loans.
17. Creditors:	amounts		falling due		after more than one year
							2022	2021
							f
Otherloans
Concessionary	loans						805,226	756,402
Analysis ofloans
Not wholly repayable		within		five years	by instalments		106,676	82,352
Wholly repayable within five				years			2,016,623	2,369,123
Included in current liabilities							2,123,299 ~1,318,933)	2,451,475 ~1695933,
							805,226	756,402
Loan maturity	analysis
Between two and five		years					698,550	674,050
In five years or	more						106,676	82,352

			Unrestricted	Designated	Total
			Funds	Funds	Funds
Analysis ofnet assets between		funds
Tangible fixed assets				18,832,144	18,832,144
Current assets			4,319,079		4,319,079
Creditors: amounts	failing due
within one year			(1,385,553)		(1,385,553)
Creditors: amounts	falling due
after one year			(805,226)		(805,226)
Total net assets			2,128,300	18,832,144	20,960,444

2. Analysis ofcash and cash equivalents
	2022	2021
	8	f:
Cash in hand	2,325,206	3,574,776
On deposit	1,160,000	410,000
Total cash and cash equivalents	3,485,206	3,984,776