## ||||||Pages| |---|---|---|---|---|---| |Governors'|annualreport||||1 to 9| |Independent|auditor's|report to|the members||10to 12| |Statement|of Financial|Activities|(incorporating|income and|13| |expenditure|account)||||| |Statement|of Financial|Position|||14| |Statement|ofCash Flows||||15| |Notes to the financial||statements|||16to 23| ## ## |REFEREN|CE AND AD|MINIST|RATIVE|DETAILS|||||| |---|---|---|---|---|---|---|---|---|---| |Registered|charity name|||Kingshott|School Trust Limited||||| |Charity number||||280626|||||| |Company|registration
number|||1507581|||||| |Website||||www. kingshottSchool.||corn|||| |Registered|office|||Kingshott|School, St|Ippolyts,|Hitchin,|Herts, SG4 7JX|| |Our Professional
Advisers|||||||||| |Auditor|Moore Kingston||Smith|4 Victoria Square, StAlbans,|||Herts,|AL1 3TF|| |Bankers|Barclays|Bank|Pic|PO Box|No. 1,5/6 High Street, Hitchin,||||Herts, SG5 1BJ| |Solicitors|Foreman|Laws||25 Bancroft, Hitchin,||Herts, SG51JW|||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||2022|2021| |---|---|---|---|---|---|---|---| |||||||Total funds|Total funds| |||||||6|| |Income|||||Note||| |Charitable
activities|||||5|5,378,932|4,791,442| |Donations
and legacies (including|||furlough|income)|6|13,444|105,918| |Investment|income||||7|20|199| |Total income||||||5392396|4897 559| |Expenditure|||||||| |Expenditure|on charitable|activities||||(5,350,220)|(4,546,612)| |Expenditure|on raising
funds|||||89485|87,401| |Total expenditure||||||5439705|4634013| |Net income|before investment||gains|||47 309|263 546| |Net income|and net movement||in funds||10|47|263546| |Reconciliation offunds|||||||| |Total funds|brought
forward|||||10,271,388|10,007,842| |Total funds|carried forward|||||10,224,079|10,271,388| ## ||||Note|2022|2021| |---|---|---|---|---|---| |Fixed assets|||||| |Tangible fixed assets|||13|12,608,633|12,827,554| |Current assets|||||| |Debtors|||14|94,757|36,750| |Cash at bank and in hand||||1,094.800|1,116,817| |||||1,189,557|1,153,567| |Creditors: amounts|falling|due within one year|15|1 076435|993128| |Net current assets I|(liabilitiesl|||113122|160,439| |Total assets less current||liabilities||12,721,755|12,987,993| |Creditonu
amounts|falling|due after more than one year|16|2 97877|2716605| |Net assets||||10224 079|10271 388| |Funds ofthe charity|||||| |Unrestricted
funds||||10,224,079|10,271,388| |Total charity funds||||10,224,079|10,271,388| |||2022f|2021f|| |---|---|---|---|---| |Cash flows from operating
activities||||| |Net income for the year||(47,309)|263,546|| |Adjustments
for:||||| |Depreciation
of tangible
fixed assets||431,659|377,157|| |Interest payable||89,485|87,401|| |Changesin:||||| |(Increase) IDecrease
in debtors||(58,007)|(3,152)|| |(Decrease) in creditors||135621|200 764|| |Cash generated
from operations||280,207|524,188|| |Interest received||20|199|| |Net cash from operating
activities||280187|523989|| |Cash flows from investing
activities||||| |Purchase of property,
plant and equipment||(212,739)|(247,620)|| |Proceeds from sale of listed investments||||| |Net cash used in investing
activities||212739|247 620|| |Cash flows from financing
activities||||| |Interest paid||(89,485)|(87,401)|| |Proceeds from borrowings —interest received||20|199|| |Net cash from financing
activities|||87202|| |Net (decrease)/increase
in cash and cash||(22,017)|189,167|| |Cash and cash equivalents
at beginning|ofyear|1 116817|927650|| |Cash and cash equivalents
at end ofyear
Analysis ofcash and cash equivalents||1094800|1 116817|| |||2,022
f|2021
f|| |Cash at bank and
in hand||1094800|1 116817|| |||1094800|1 116817|| |Analysis
ofchanges
in net debt||||| |||||At end or| |||At start ofyearf|Cash flows
f|year
f| |Cash||1,116,817|(22,017)|1,094,600| ## ## ## ## ## ## ## ## |useful eco|nomic|life ofthat asset as follows|:|||| |---|---|---|---|---|---|---| |Buildings|||-|2%- 10% straight||line| |Computers|||-|15%straight|line|| |Vehicles,|garden|equipment|-|20% straight|line|| |Swimming|Pool||-|5%straight|line|| ## ## ## ## ## ## ## ## |5.Incom|e from|Ch|aritab|le|activities||| |---|---|---|---|---|---|---|---| |||||||Total Funds|Total Funds| |||||||2022|2021| |||||||6|E| |School|and registration|||fees||5,152,296|4,827,277| |Bursaries and||discounts||||(127,076)|(103,168)| |Fee reductions||and COVID-19 bursaries|||||(75,740)| |Other educational|||income|||353 712|143,073| |||||||5378 932|4791442| |6.Income from||Donations|||and legacies||| |||||||Total Funds|Total Funds| |||||||2022f|2021f| |Donations|receivable|||||10,000|54,450| |Furlough|income|COVID-19||||3,444|51,468| |Legacies|||||||| |||||||13444|105918| ## |7. Investment||income||||||||| |---|---|---|---|---|---|---|---|---|---|---| ||||||||||Total Funds|Total Funds| ||||||||||2022|2021| ||||||||||8|6| |Bank interest|||||||||20|199| |||||||||||199| |8. Expenditure||on charitable||activities||||||| |Expenditure||||Staffcosts|||Other
f|Depreciation
F|Total 2022
6|Total 2021| |Teaching costs||||2,918,474|||568,584|141,761|3,628,819|3,107,907| |Welfare costs|||||||293,759||293,759|227,450| |Premises costs|||||220,777||296,750|289,898|807,425|669,824| |Support costs|||||369,150||251 067||620217|541 431| |||||3,508,401|||1,410,160|431,659|5,350,220|4,546,612| |Expenditure||||Staff costs|||Other|Depreciation|2021|Total 2020| |||||||6|6||6|6| |Teaching costs||||2,651,005|||327,472|129,380|3,107,907|3,400,961| |Welfare costs|||||||227,450||227,450|186,231| |Premises costs|||||178,810||243,237|247,777|669,824|636,682| |Supportcosts|||||356 596||184835||541431|629554| |||||3|186461||982994|377157|4546612|4853428| |Support costs|include governance||||costs|of615,505(f16,184 - 2021)||||| |9.Expenditure||on raising funds||||||||| ||||||||||Total Funds|Total Funds| ||||||||||2022|2021| ||||||||||6|6| |Bank interest payable|||||||||89485|87,401| ||||||||||89485|87401| |10.Net income||||||||||| |Net income is|stated after charging:|||||||||| ||||||||||2022|2021| ||||||||||6|6| |Remuneration|to the auditors||for||audit services||||15,000|15,000| |Depreciation
of||tangible fixed|assets||||||431,659|377,157| ## |The total staff costs and e|mployee|ben|efits f|or|the year are analysed|as follows:||| |---|---|---|---|---|---|---|---|---| ||||||||2022|2021| ||||||||E|E| |Wages and salaries||||||2,752,255||2,499,090| |Supply teachers||||||54,726||22,670| |Social security costs||||||274,562||249,426| |Employer contributions||to pension||plans||426 858||415,275| ||||||||4 1|3186461| |The average head count ofemployees|||during|the year was 75(73-2021)||||| |During the year, termination|payments||including||notice, were payable|totalling E70,121 for 3staff.||| ||||||||2022|2021| ||||||||No.|No.| |Teaching|||||||57|54| |Other|||||||18|19| ||||||||75|73| |The number ofemployees|whose|remuneration|||for the year fell within|the following|bands, were:|| ||||||||2022|2021| |660,000to E69,999|||||||1|1| |E70000to E79999|||||||1|1| |E60,000to E69,999||||||||| |E90,000to E99,999||||||||| |E100,000 toE110,000||||||||| ## ## ## ## |13.Tangible Fixed Asset|s||||||||| |---|---|---|---|---|---|---|---|---|---| |Cost||Land and
buildings||Furniture
and
equipment||Swimming
Pool|Vehicles||Total| ||||E|||E|E||E| |At 1 September 2021||14,636,381||1,002,846||305,608|75,200|16,020,035|| |Additions||24,387||30,365||136,963|21,024||212,739| |Assets no longer
in use|||||||||| |At 31August 2022||14660 768||1033|211|442 571|96224|16232774|| |Depreciation|||||||||| |At 1 September 2021||2,517,159||543,646||57,988|73,688||3,192,481| |Eliminated
on not in use|||||||||| |Charge for the year||288,386||129,380||12,381|1 512||431659| |At 31August 2022||0 5|||||7 200||2414| |Carrying
amount|||||||||| |At 31August 2022||11 55223||360|185|372202|21 024|1|6 8 33| |At 31 August 2021||12,119,222||459,200||247,620|1,512|12,827,554|| |There has been no adjustment||to the value|ofthe land.||||||| |14.Debtom|||||||||| ||||||||2022||2021| ||||||||E||E| |Trade debtors|||||||83,794||71,484| |Provision|||||||(33,771)||(74,482)| |Prepayments|||||||6,393||19,353| |Other debtors|||||||38341||20 395| ||||||||94757||36750| |15. Creditonn
amounts|falling due within||one|year|||2022||2021| ||||||||E||E| |Bank loans|||||||226,293||229,078| |Trade creditors|||||||32,305||11,986| |Accruals|||||||103,171||46,066| |Fees received
in advance|||||||537,790||555,912| |Deposits|||||||27,300||27,300| |Social security and other taxes|||||||64,159||59,690| |Other creditors|||||||85417||63096| ||||||||4||993128| |Fees in advance relate to|fees paid ahead ofthe|||school year||2022/23|||| |Balance at 01/09/21|||||||555,912||| |Redeemed
against current fees|||||||(555,912)||| |Received
in advance of01/09/2022 for 2022 fees|||||||537 790||| |Balance at 31/08/2022|||||||537,790||| ## ## ## ## ## ##