2022-08-31-accounts - Greenfields Educational Trust

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Reference and Administrative	Reference and Administrative
Strategic Report		2 to 3
Trustees' Report		4 to 7
Independent Auditors'	Report	8to 11
Consolidated Statement	ofFinancial Activities	12to 13
Consolidated Balance	Sheet	14
Balance Sheet
Consolidated Statement ofCash Flows		16
Statement ofCash Flows		17
Notes to the Financial	Statements	18to 38

			Reference and Administrative	Reference and Administrative	Reference and Administrative	Reference and Administrative	Details
Chairman			P Hodkin
Trustees			P Hodkin
			JScarfe Beckett
			SLRush
			A C Calcioli
			M McEntyre
Secretary			V Tupholme
Charity Registration		Number	287037
Company	Registration	Number	01720539
			The charity is incorporated			in England	and Wales.
Registered	Office		Greenfields	School
			Priory Road
			Forest Ross
			East Sussex
			RH18 5JD
Auditor			Manningtons
			39High Street
			Battle
			East Sussex
			TN33 OEE
Solicitors			Hodkin & Company
			42-44 Copthome		Road
			Felbridge
			East Grinstead
			West Sussex
			RH19 2NS
Bankers			HSBC Bank	pic
			56-58 London Road
			East Grinstead
			West Sussex
			RH19 1BJ

(Including	Consol	idated Income and Recognised	Expenditure Account Gains and Losses)	and Statement	ofTotal
				Unrestricted	Total
				funds	2022
			Note	f
Income and Endowments Donations and legacies		from:		6,038	6,038
Charitable activities				1,889,543	1,889,543
Subsidiary income				38,120	38,120
Investment income				137	137
Other inconie				30,800	30,800
Total income				1,964,638	1,964,638
Expenditure on: Subsidary Expenditure Charitable activities			8 9	(46,406) ~1,938.613)	(46,406) ~3.938,633
Total expenditure				(1,985,019)	(1,985,019)
Net expenditure				20,381)	(20,381)
Net movement in funds				(20,381)	(20,381)
Reconciliation offunds
Total funds brought	forward			2,218,149	2,218,149
Total funds carried	fonvard		22	2,197,768	2,197,768

				Unrestricted	Total
				funds	2021
			Note	f	f
Income and Endotvments		from:
Donations and legacies				60,682	60,682
Charitable activities				1,584,967	1,584,967
Investment income				19	19
Other income				31,200	31,200
Total income				1,676,868	1,676,868
Expenditure on:
Charitable activities			9v	~i1,673.27(	(1,673,275)
Total expenditure				(1,673,275)	(1,673,275)
Net income				3,593	3,593
Net movement in funds				3,593	3,593
Reconciliation offunds
Total funds brought	fonvard			2,214,556	2,214,556
Total funds carried forvvard				2,218,149	2,218,149

											2022	2021
									Note		f	f
Fired assets
Tangible assets									15		6 363959	6,352,694
Investments												I
											6,363,959	6,352,695
Current assets
Stocks									17		25,733	23,769
Debtors									18		67,119	132,373
Cash at bank	and in hand								19		571,710	706,004
											664,562	862,146
Creditors: Atuounts		falling due within			one year				20		(551,306)	494,045
Net current	assets										113,256	368,101
Total assets	less current		liabilities								6,477,215	6,720,796
Creditors: Atuounts		falling due after			more than	one	year		21		~7,382.943)	1,604,344
Net assets											5,094,272	5,116,452
Funds ofthe	group:
Unrestricted	income	funds
Unrestricted funds Revaluation reserve Other reserves											2,197,768 2,898,303 ~7.799	2,218,149 2,898,303
Total unrestricted funds											5,094,272	5,116,452
Total funds The financial	statements		on pages	12	38	PP	487	1	22	4	5,094,272 4 41,,	5,116,452 2gjfg
an igned on their behalf			by:

									2022	2021
							Note
Fixed assets
Tangible assets								15	6,363,959	6,352,694
Investments									1	I
									6,363,960	6,352,695
Current assets
Stocks								17	25,733	23,769
Debtors								18	90,078	132,373
Cash at bank	and in hand							19	552,751	706,004
									668,562	862,146
Creditors: Aiuounts		falling due within			one year			26	~(545,223	(494,046)
Net current	assets								123,339	368 100
Total assets	less current		liabilities						6,487,299	6,720,795
Creditors: Aiuonnts		falling due after			more than one year		23		~1,382,943)	~1.664.344)
Net assets									5,104,356	5,116,451
Funds ofthe	charity:
Unrestricted	income	funds
Unrestricted	funds								2,206,053	2,218,148
Revaluation reserve									2,898,303	2,898,303
Total unrestricted funds									5,104,356	5,116,451
Total funds							22		5,104,356	5,116,451
The financial	statements		on pages	12 to	38 were approved	by the tnistees,		and	authorised for issue	on 25..X .29
and signed on their behalf			by:

Consolidated S	tatement	o	fCash Flows f	or the Year E	nded 31August	2022
					2022	2021
				Note
Cash flows from operating activities
Net cash (expenditure)/income					(20,381)	3,593
Adjustments to cash floivs froru non-cash			items
Depreciation Investment income				8 6	10,989 ~313 377))	11,769 ~3199))
					(9,529)	15,343
Working capital adjustnients
(Increase)/decrease in stocks				17	(1,964)	9,718
Decrease in debtors				18	65,254	51,426
(Decrease)/increase in creditors Decrease in deferred income				20 21	(66,133) ~4,456)	192,862 (21,355)
Net cash flows from operating	activities				(16,828	247,994
Cash flows froni investing activities
Interest receivable and similar	income			6	137	19
Purchase oftangible fixed assets				15	(22,254)
Acquisition ofinvestments in	subsidiary	undertakings
Net cash flows from investing	activities				(22,117	18
Cash flows from financing activities
Value ofnew loans obtained during the period Repapnent ofloans and borroivings				20	~93,550)	200,000 ~6),724)
Net cash floivs front financing	activities				(93,550)	138,276
Net (decrease)/increase in cash and cash		equivalents			(132,495)	386,288
Cash and cash equivalents at	I September				704,205	319,716
Cash and cash equivalents at	31 August				571,710	706,004

				2022	2021
			Note		f
Cash flows from operating activities
Net cash (expenditure)/income				(12,095)	3,593
Adjustmeats to cash flows from non-cash Depreciation Investment income		iteins	8 6	10,989 ~7)37	11,769 ~)9
				(1,243)	15,343
Working capital adjustiuents
(Increase)/decrease in stocks			17	(1,964)	9,718
Decrease in debtors			18	42,295	51,426
(Decrease)/increase in creditors Decrease in deferred income			20 21	(71,769) ~74.905	192,862 ~)2),355
Net cash flows from operating activities				37,586	247,994
Cash flows from investing activities
Interest receivable and similar income			6	137	19
Purchase oftangible fixed assets			15	(22,254)
Acquisition ofuivestments ui subsidiary	undertakings
Net cash floivs from investing activities				~22.))7)	18
Cash flows froiu financing activities
correct 2021 Value ofneiv loans Repayment ofloans and borroivings Net cash floivs from financing activities			20	)93.550) ~93.550)	200,000 ~)6),724 138,276
Net (decrease)/increase ui cash and cash	equivalents			(153,253)	386,288
Cash and cash equivalents at I Septen)ber				706,004	319,716
Cash and cash equivalents at 31 August				552,751	706,004

3	Incorue	f	r	oiu	don	ations	and legacies
								Unrestricted
								funds	Total	Total
								General	2022	2021
								f
Donations		and		legacies;
	Donations		to major			appeals		6,038	6,038		508
Grants, including					capital grants;
	Government			grants						60,	174
								6,038	6,038	60,682
4	Income	from			charitable		activities
								Unrestricted
								funds	Total	Total
								General	2022f	2021
	Greenfields			School				1,543,025	1,543,025	1,220,709
	Children's		House Nursery					211,825	211,825	272,266
	Effective	Education				Centre		134,693	134,693	91,992
								1,889,543	1,889,543	1,584,967

							Unrestricted	Unrestricted
							funds		Total
							General f		2022f
Trading income;
	Newgale	Farm		rents received			38,120		38,	120
							38,	120	38,120
6	Investment		income
						Unrestricted
						funds	Total		Total
						General	2022		2021
									f
Interest receivable				and similar income;
	Interest	receivable			on bank deposits	137		137		19
7	Other	income
						Unrestricted
						funds	Total		Total
						General	2022		2021
						f.			f
Rental income						30,800	30,800		31,200
8	Subsidary		Expenditure

					Unrestricted
					funds	Total
					General	2022
				Note
Newgale	Faun	operating	costs		46,406	46,406
					46,406	46,406

9 Expend	it	ure on	charita	ble activities
						Unrestricted
						funds	Total	Total
						General	2022	2021
					Note	f
Greenfields		School				1,556,998	1,556,998	1,262,027
Children's	House Nursery					227,920	227,920	287,273
Etfective Education			Centre			129,997	129,997	97,137
Depreciation,		amortisation		and other similar
costs						10,988	10,988	11,769
Governance		costs			10	12,710	12,710	15,069
						1,938,613	1,938,613	1,673,275

Governance costs
		Unrestricted
		funds	Total	Total
		General f	2022	2021f
Staff costs
Wages and salaries		2,660	2,660	7,869
Audit fees
Audit ofthe financial	statements	6,460	6,460	5, 150
Other fees paid to auditors		3,590	3,590	2,050
		12,710	12,710	15,069

Net (outgoing)/in	coming resources for the year include:
		2022f	2021f
Audit fees		8,380	6,590
Other non-audit Depreciation of	services fixed assets	4,730 10,988	3,010 11,769

		2022f	2021f
Staff costs during	the year were:
Wages and salaries Social security costs		1,167,288 72,744	1,049,562 65,123
Pension costs		16,520	12,602
		1,256,552	1,127,287

during th	e year expressed as full tune equivalents was as follows:		py	y g	roup
		2022		2021
		No		No
Charitable	activities		68		69
Neivgale	Farnt Cottages Limited (subsidiary)		1		1
			69		70

Group		Land and	Furmture and
		buildings f	equipnient f	Motor vehicles f	Total f
Cost
At 1 September 2021 Additions		6,330,275	320,567 22,254	23,780	6,674,622 22,254
At 31 August	2022	6,330,275	342,821	23,780	6,696,876
Depreciation At 1 September 2021 Charge for the year			301,077 9,236	20,851 1,753	321,928 10,989
At 31August	2022		310,313	22,604	332,917
Net book value
At 31 August	2022	6,330,275	32,508	1,176	6,363,959
At 31 August	2021	6,330,275	19,490	2,929	6,352,694

Charity
				Land and	Furniture and
				buildings f	ettuipntent f	Motor	vehicles f	Total
Cost
At 1 September 2021 Additions				6,330,275	320,567 22,254		23,780	6,674,622 22,254
At 31 August 2022				6,330,275	342,821		23,780	6,696,876
Depreciation
At 1 September 2021 Charge for the year					301,077 9,236		20,851 1,753	321,928 10,989
At 31 August 2022					310,313		22,604	332,917
Net book value
At 31 August 2022				6,330,275	32,508		1,176	6,363,959
At 31 August 2021				6,330,275	19,490		2,929	6,352,694
16 Fired asset investments
Group
						2022		2021
Shares in group undertakings		and participating	interests
Shares in group undertakings		and participatiag		interests
Cost
At 31 August 2022
Net book value
At 31 August 2022
Charity
						2022f		2021
Shares in group undertakings	and participating		interests

are as follow	are as follow	s:
Undertaking			Country of incorporation		Holding	Proportion and shares	ofvoting rights held		Principal activity
						2022		2021
Subsidiary		undertakings
									Other letting
									and operating
Newgale Limited	Farm Cottages		England	and Wales	Ordinary Share	100%		100%	of owll leased	or real
									estate

		Group		Charity
		2022f	2021f	2022	2021
Trade debtors		39,109	78,639	39,109	78,639
Due from	group undertakings		26,498	22,959	26,498
Prepayments		15,507	12,034	15,507	12,034
Accrued	income	12,503	8,617	12,503	8,617
Other debtors			6,585		6,585
		67,119	132,373	90,078	132,373
19 Cash	and cash equivalents
		Group		Charity
		2022	2021	2022	2021
Cash at bank		187,171	212,157	168,212	212,157
Short-term	deposits	384,539	493,847	384,539	493,847
		571,710	706,004	552,751	706,004

20 Creditors:	amounts falling due with	in one year
		Group		Charity
		2022	2021	2022	2021f
Bank loans		227,091	99,240	227,091	99,240
Trade creditors		261,240	341,850	261,240	341,849
Other taxation	and social security	17,011	10,977	17,011	10,977
Other creditors		5,955	2,733	3,680	2,733
Accruals		11,520	6,300	8,160	6,300
Deferred inconte		28,489	32,945	28,040	32,945
		551,306	494,045	545,222	494,044

Group
				Balance at I
				September	Incoming	Resources	Balance at 31
				2021	resources f	expended	August 2022
Unrestricted		fuuds
General
General	fund			1,758,716	1,964,638	(1,943,002)	1,780,352
Designated Norman lewis designated			fund	459,433		~42.017)	417,416
Total funds				2,218,149	1,964,638	(1,985,019)	2,197,768
				Balance at I
				Septentber	Incoming	Resources	Balance at 31
				2020	resources	expended f	August 2021
Unrestricted		funds
General
General	fund			1,719,294	1,676,868	(1,637,446)	1,758,716
Designated
Norman	lewis designated		fund	495,262		(35,829)	459,433
Total funds				2,214,556	1,676,868	(1,673,275)	2,218,149

Charity
				Balance at I
				September	Incoming	Resources	Balance at 31
				2021	resources	expended	August 2022 f
Unrestricted		funds
General
General	Fund			1,758,715	1,926,518	(1,896,596)	1,788,637
Designated
Nornian	Lewis designated		fund	459,433		(42,017)	417,416
Total funds				2,218,148	1,926,518	(1,938,613)	2,206,053
				Balance at 1
				September	Incoraing	Resources	Balance at 31
				2020 f	resources f	expended f	August 2021 f
Unrestricted		funds
General
General	Fund			1,719,292	1,676,868	(1,637,445)	1,758,715
Deslgnnted Norman	Leivis designated		fund	495,262		~35.829	459.433
Total funds				2,214,554	1,676,868	(1,673,274)	2,218,148

Group
					Total funds at
			Unrestricted	funds	31August
			General f	Designated f	2022
Tangible	fixed	assets	6,357,297	6,662	6,363,959
Current	assets		253,808	410,754	664,562
Current liabilities Creditors over 1 year			(551,306) ~1),,3822.9944 33))		(551,306) ~331).3822.9944 33
Total net assets			4,676,856	417,416	5,094,272
					Total funds at
			Unrestricted	funds	31August
			General f	Designated f	2021f
Tangible	fixed	assets	6,349,876	2,818	6,352,694
Fixed asset investments			1		1
Current	assets		405,531	456,615	862,146
Current Creditors	liabilities over 1 year		(494,044) ~).694.344)		(494,044) ~),694,344
Total net assets			4,657,020	459,433	5,116,453

Charity
					Total funds at
			Unrestricted	funds	31August
			General f	Designated f	2022
Tangible	fixed	assets	6,357,297	6,662	6,363,959
Fixed asset investments			1		1
Current	assets		257,808	410,754	668,562
Current Creditors	liabilities over 1 year		(545,223) ~),382,943)		(545,223) (1,382,943)
Total net assets			4,686,940	417,416	5,104,356

					Total funds at
			Unrestricted	funds	31August
			General	Designated	2021
Tangible	fixed	assets	6,349,876	2,818	6,352,694
Fixed asset iuveshnents			1		1
Current	assets		405,531	456,615	862,146
Current Creditors	liabilities over 1 year		(494,046) ~(1 6tl4 344		(494,046) ~1,6tl4,344)
Total net assets			4,657,018	459,433	5,116,451