2021-08-31-accounts - Moreton Hall School Trust Limited

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			Page
Report ofthe Trustees		1	to	4
Independent Examiner's	Report
Statement ofFinancial Activities
Balance Sheet		7	to	8
Cash Flow Statement
Notes tothe Cash Flow	Statement		10
Notes tothe Financial Statements		11	to	21
Detailed Statement ofFinancial Activities		22	to	23

				2021	2020
				Unrestricted	Total
				funds	funds
			Notes	E	E
INCOME AND ENDOWMENTS		FROM
Donations and legacies					76
Charitable activities
Activities for generating	funds			5,855	707,768
Rental Income				26,358	1,610
Total				32.313	709,454
EXPENDITURE ON
Charitable activities
Activities for generating	funds				22,258
Staff costs				5,994	744,063
Support costs				121,629	355,709
Depreciation				31,988	33,392
Total				159,611	1,155,422
NET INCOME/(EXPENDITURE)				(127,298)	(445,968)
RECONCILIATION OF FUNDS
Total funds brought forward				(1,059,997)	(614,029)
TOTAL FUNDS CARRIED	FORWARD			(1,187295)	(1,059,997)

		Balance	Sheet
		3~2A	2021
				2021	2020
				Unrestricted	Total
				funds	funds
		Notes		E	E
FIXEDASSETS
Tangible assets		12		184,656	226,949
Investments		13		1,597,204	1,597,204
				1,781,860	1,824,153
CURRENT ASSETS
Debtors		14		62,8&4	94,297
Cash at bank				7,251	28,702
				70,135	122,999
CREDITORS
Amounts falling due within one year		15		(342,916)	(304,761)
NET CURRENT ASSETS				(272,781)	(181,762)
TOTAL ASSETSLESSCURRENT LIABILITIES				1,509,079	1,642,391
CREDITORS
Amounts falling due after more than one year		16		(2,696874)	(2,702,388)
NET ASSETS				(1,187,295)	(1,059,997)
FUNDS		20
Unrestricted	funds			(1,187,295)	(1,059,997)
TOTAL FUNDS				(1,187,295)	(1,059,997)

					Cash Flow Statement	Cash Flow Statement
				forthe	YearEnded31Au	ust2021
						2021	2020
				Notes		6	6
Cash flows from operating	activities
Cash generated from operations						(212,843)	(414,796)
Interest paid						(77,275)	(26,562)
Interest element of hire purchase			payments
paid						(3,861)	(1,605)
Finance costs paid						57	(1,520)
Net cash used in operating	activities					(293,922)	(444,483)
Cash flows from investing	activities
Purchase oftangible fixed assets							(440)
Sale oftangible fixed assets						13,605	6,008
Net cash provided by investing		activities				13,605	5,568
Cash flows from financing	activities
New loans in year						263,770
Loan repayments in year						(230,792)	(42,953)
Additional Trustee loans in	year					238,000	535,370
Capital repayments in year						(12,112)	(5,012)
Net cash provided by financing		activities				258,866	487,405
Change in cash and cash equivalents				in the
reporting period						(21,451)	48,490
Cash and cash equivalents	atthe		beginning
ofthe reporting period						28,702	(19,788)
Cash and cash equivalents	atthe		end	ofthe
reporting period						7,251	28,702

RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING	RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING	RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING	ACTIVITIES
			2021	2020
			E	E
Net expenditure for the reporting	period (as per the Statement of
Financial Activities)			(127,298)	(445,968)
Adjustments for:
Depreciation charges			28,553	34,539
Loss on disposal offixed assets			135	19,545
Interest paid			77,275	26,562
Interest element ofhire purchase	and finance lease	rental payments	3,861	1,605
Finance costs			(57)	1,520
Decrease in stocks				1,528
Decrease in debtors			31,413	27,663
Decrease in creditors			(226,725)	(81,790)
Net cash used in operations			(212,843)	(414,796)
ANALYSIS OF CHANGES IN NET DEBT
		At 1.9.20	Cash flow	At 31.8.21
		E	E	E
Net cash
Cash at bank and in hand		28,702	(21,451)	7,251
		28,702	(21,451)	7351
Debt
Finance leases		(12,112)	12.112
Debts falling due within 1year		(39,162)	(269,892)	(309,054)
Debts falling due after 1year		(2,625,288)	(1,086)	(2,626,374)
		(2,676,562)	(258,866)	(2,935,428)
Total		(2,647,860)	(280,317)	(2,928,177)

										2021	2020
						Activity				E	E
	Fees receivable					Activities for generating		funds			558,804
	Grants					Activities for generating		funds			87,535
	Extras and disbursements
	recoverable and recovered					Activities for generating		funds			37,854
	Other income					Activities for generating		funds		5,855	23,575
	Rent receivable					Rental Income				26,358	1,610
										32,213	709,378
	Grants received, included				in the	above,	are as follows:
										2021	2020
										E	E
	Covid Job Retention			Scheme							87,535
5.	CHARITABLE ACTIVITIES COSTS
									Direct	Support
									Costs (see	costs (see
									note 6)	note 7)	Totals
									E	E	E
	Staff costs								5,994		5,994
	Support costs								33,986	87,643	121,629
	Depreciation								31,988		31,988
									71,968	87,643	159,611
	DIRECT COSTS	OF CHARITABLE				ACTIVITIES
										2021	2020
										E	E
	Staff costs									(5,224)	744,063
	Rates and insurance									20,873	36,485
	Light and heat Repairs - premises		and household							18,063 9~	30,736 9,681
	Gardens and grounds									2,604	7,650
	Advertising										1,209
	Catering costs										33,349
	Professional fees, training,				subscriptions		&licences			595	19,144
	General teaching expenses									(1,639)	15,683
	Disbursements	recoverable									8,171
	Telephone, post &		stationery							952	16,389
	Administration	costs		- health &		safety, pest control &other admin				158	1,042
	Bad debts									(7,038)	41,410
	Travel and motor expenses									298	3,626
	Leasing costs									317	4,630
	Depreciation									28,553	34,539
	Loss on sale of	assets								135	19,545
	Redundancy cost									3,477	79,424
										71,968	1,106,776

				Governance
			Finance	costs	Totals
			E	E	E
Support costs			78,043	9,600	87,643
Independent	examiners fees
				2021	2020
				E	E
Independent	examination fees			2,934	7,140
Other fees payable to independent		examiner		4,686	11,819
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated		after charging/(crediting):
				2021	2020
				E	E
Depreciation	-owned assets			28,553	29,959
Depreciation	-assets on hire purchase contracts and finance leases				4,580
Deficit on disposal offixed assets				135	19,545

STAFF	COSTS
		2021	2020
		E	E
Wages	and salaries	(1,474)	625,231
Social	security costs	(3,826)	48,516
Other	pension costs	76	70,316
		(5,224)	744,063

TANGIBLE FIXEDASSETS
			Fixtures
	Sports	Long	and	Motor
	Hall	leasehold	fittings	vehicles	Totals
	E	E	E	E	E
COST
At 1September 2020	113,591	267,514	88,744	30,064	499p913
Disposals				(30,064)	(30,064)
At 31August 2021	113,591	267,514			469,849
DEPRECIATION
At 1September 2020	87,658	129,742	39,240	16,324	272,964
Charge for year	2,992	16,688	8,873		28,553
Eliminated on disposal				(16,324)	(16,324)
At 31August 2021	90,650	146,430	48,113		285,193
NET BOOK VALUE
At31August 2021	22,941	121,084	40,631		184,656
At 31August 2020	25,933	137,772	49,504	13,740	226,949

FIXEDASSET INVESTMENTS
	Shares in
	group
	undertakings
	E
MARKET VALUE
At 1September 2020 and 31August 2021	1,597,204
NET BOOK VALUE
At31August 2021	1,597p204
At 31August 2020	1,597,204

DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
		2021	2020
		E	E
Trade debtors		1,858	15,833
Prepayments and accrued income			17,438
Development costs		61,026	61,026
		62,884	94,297
CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR
		2021	2020
		E	E
Bank loans and overdrafts (see note 17)		309,054	39,162
Hire purchase (see note	18)		5,012
Trade creditors		7,750	42,873
Amounts owed to group	undertakings	6,947	6,947
Social security and other	taxes	622	73,481
Other creditors &accruals		14,554	137,286
Fees in advance		3,989
		342,916	304,761

			2020	2019
				E
Deferred	income	brought forward		35,650
Amounts	released	in year		(235,650)
Income	deferred	in year	Sp898	197,875
Deferred	income	carried forward	5,898

	2021	2020
	E	E
Bank loans (see note 17)	739,921	769,835
Other loans (see note 17)	1,886,453	1,855,453
Hire purchase (see note 18)		7,100
Other creditors	70,000	70,000
	2,696,374	2,702,388

			2021	2020
			E	E
Amounts	falling due within one year on demand:
Classroom		loan	4370	946
Lloyds mortgage			40414	38,216
Otherloan			263,770
			309,054	39,162
Amounts	falling between one and two years:
Bank loans		- 1-2years	43,421	44,207
Loan stock				200,000
			43,421	244,207
Amounts	falling due between two and five years:
Bank loans		- 2-5years	130,810	137,385
Other LTcreditors			1,886,453	1,655,453
			2,017,263	1,792,838
Amounts	falling due in more than five years:
Repayable		by instalments:
Bank loans		more than 5years	565,690	588,243

			2021	2020
			E	E
Net obligations	repayable:
Within one year				5,012
Between one	and five years			7,100
				12,112
SECURED DEBTS
The following	secured debts are included	within creditors:
			2021	2020
				E
Bankloans			1,048,975	808,997
Hire purchase	contracts			12,112
			1,048,975	821,109

					Net
					movement	At
				At 1.9.20	in funds	31.8.21
				E	E	E
Unrestricted	funds
General fund				(1,059,997)	(127,298)	(1,187495)
TOTAL FUNDS				(1,059,997)	(127,298)	(1,187,295)
Net movement		in funds, included	in the above are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
				E	E	f
Unrestricted	funds
General fund				32.313	(159,611)	(127,298)
TOTAL FUNDS				32,313	(159,611)	(127,298)

				Net
				movement	At
			At 1.9.19	in funds	31.8.20
			E	E	E
Unrestricted	funds
General fund			(614,029)	(445,968)	(1,059,997)
TOTAL FUNDS			(614,029)	(445,968)	(1,059,997)
Comparative	net movement	in funds, included	in the above are as follows:
			Incoming	Resources	Movement
			resources	expended	in funds
			E	E	E
Unrestricted	funds
General fund			709,454	(1,155,422)	(445,968)
TOTAL FUNDS			709,454	(1,155,422)	(445,968)

			Net
			movement	At
		At 1.9.19	in funds	31.8.21
		E	E	E
Unrestricted	funds
General fund		(614,029)	(573,266)	(1,187,295)
TOTAL FUNDS		(614,029)	(573,266)	(1,187,295)

		Incoming	Resources	Movement
		resources	expended	in funds
		E	E	E
Unrestricted	funds
General fund		741,767	(1,315,033)	(573,266)
TOTAL FUNDS		741,767	(1,315,033)	(573,266)

			Detailed Statement of Financial Activities
			for the Year Ended 31Au ust 2021
				2021	2020
				E	E
INCOME AND ENDOWMENTS
Donations and	legacies
Donations and	fundraising				76
Charitable activities
Fees receivable					558,804
Grants					87,535
Extras and disbursements		recoverable	and
recovered					37,854
Otherincome				5455	23,575
Rent receivable				26,358	1,610
				32,213	709,378
Total incoming	resources			32,313	709,454
EXPENDITURE
Charitable activities
Wages				(1,474)	625,231
Social security				(3,826)	48,516
Pensions				76	70,316
Rates and insurance				20,873	36,485
Light and heat				18,063	30,736
Repairs - premises and household				9,844	9,681
Gardens and grounds				2,604	7,650
Advertising					1,209
Catering costs					33,349
Professional fees, training,		subscriptions	&
licences				595	19,144
General teaching expenses				(1,639)	15,683
Disbursements	recoverable				8,171
Telephone, post &stationery				952	16,389
Administration	costs - health &safety,		pest
control &other	admin			158	1,042
Bad debts				(7,038)	41,410
Travel and motor expenses				298	3,626
Leasing costs				317	4,630
Depreciation oftangible fixed assets				28,553	34,539
Loss on sale oftangible fixed assets				135	19,545
Redundancy cost				3,477	79,424
				71,968	1,106,776

			Detailed Statement ofFinancial Activities
			for the Year Ended 31Au ust 2021
				2021	2020
				E	E
Support costs
Finance
Bank loan interest				930	906
Bank mortgage	interest			37,095	15,656
Loan note interest					10,000
Otherloan interest				36,188
HMRC interest				26
Hire purchase	interest			3,861	1,605
Bank charges and other		interest		(57)	1,520
				78,043	29,687
Governance costs
Independent examiner's		fees		9,600	18,959
Total resources	expended			159,611	1,155,422
Net expenditure				(127,298)	(445,968)