##
##
##
|Reference and Administrative|Reference and Administrative|Details||
|---|---|---|---|
|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|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||||||
##
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##
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##
##
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##
|(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|
##
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##
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##
##
##
##
##
##
##
##
##
##
##
##
##
##
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##
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##
##
|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),,**38**22**.**9944 33))||(551,306)
~331)**.38**22**.**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|
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