2023-08-31-accounts - Greenfields Educational Trust

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Reference and Administrative	Details
Strategic Report		2to 3
Trustees' Report		4to 7
Independent Auditors' Report		8to 11
Consolidated Statement ofFinancial Activities		12to 13
Consolidated Balance Sheet		14
Balance Sheet		15
Consolidated Statement ofCash Flows		16
Statement ofCash Flows
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
			SL Rush
			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 Row
			East Sussex
			RHl8 SJD
Auditor			Manningtons
			39High Street
			Battle
			East Sussex
			TN33 OEE
Solicitors			Hodkin &Company
			42-44 Copthorne		Road
			Felbridge
			East Grinstead
			West Sussex
			RH19 2NS
Bankers			HSBC Bank	pic
			56-58 London Road
			East Grinstead
			West Sussex
			RH l9 IBJ

				Unrestricted		Total
				funds	Other funds	2023
			Note
Income and Endowments		from:
Donations and legacies				20,577		20,577
Charitable activities				2,152,656		2,152,656
Subsidiary income				27,300		27,300
Investment income				1,989		1,9$9
Other income				33,875		33,875
Total income				2,236,397		2,236,397
Expenditure on:
Subsidary Expenditure				(8,251)		(8,251)
Charitable activities				(2,284,331)		(2,284,331)
Total expenditure				(2,292,582)		(2,292,582)
Net expenditure				~56,185)
Net movement in funds				(56,185)		(56,185)
Reconciliation offunds
Total funds brought	forward			2,195,969	2,898,303	5,094,272
Total funds carried	forward		22	2,139,784	2,898,303	5,038,087

				Unrestricted		Total
				funds	Other funds	2022
			Note	f,	f
Income and Endowments		from:
Donations and legacies				6,038		6,038
Charitable activities				1,889,543		1,889,543
Subsidiary income				38,120		38,120
Investment income				137		137
Other income				30,800		30,800
Total income				1,964,63S		1,964,638
Expenditure on:
Subsidary Expenditure				(46,406)		(46,406)
Charitable activities				(1,938,613)		(1,938,613)
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			2,216,350	2,898,303	5,114,653
Total funds carried	forward		22	2,195,969	2,898,303	5,094,272

					2023	2022
				Note		f,
Fixed assets
Tangible assets				15	6,368,715	6,363,959
Investments					I	1
					6,368,716	6,363,960
Current assets
Stocks				17	34,745	25,733
Debtors				18	65,935	67,119
Cash at bank	and	in hand		19	300,927	571,710
					401,607	664,562
Creditors: Amounts			falling due within one year	20	(397,325)	(551,306)
Net current	assets				4,282	113,256
Total assets	less current liabilities				6,372,998	6,477,216
Creditors: Amounts			falling due after more than one year	21	(1,334,910)	(1,382,943)
Net assets					5,038,08$	5,094,273
Funds ofthe group:
Unrestricted	income		funds
Called up share capital					1	1
Unrestricted	funds				2,139,7&4	2,195,969
Revaluation	reserve				2,898,303	2,$98,303
Total unrestricted		funds			5,03$,088	5,094/73
Total funds				22	5,038,088	5,094+73

					2023	2022
				Note		f,
Fixed assets
Tangible assets				15	6,368,715	6,363,959
Investments					1	1
					6,368,716	6,363,960
Current assets
Stocks				17	34,745	25,733
Debtors				1$	69,814	90,07$
Cash at bank	and	in hand		19	289,983	552,751
					394,542	668,562
Creditors: Amounts			falling due within one year	20	(390,261)	(545,223)
Net current	assets				4,281	123,339
Total assets	less current liabilities				6,372,997	6,487,299
Creditors: Amounts			falling due after more than one year	21	1,334,910)	1,382,943)
Net assets					5,038,087	5,104,356
Funds ofthe charity:
Unrestricted	income		funds
Unrestricted	funds				2,139,784	2,206,053
Revaluation	reserve				2,898,303	2,898,303
Total unrestricted		funds			5,038,087	5,104,356
Total funds				22	5,03$,087	5,104,356

Consoli	dated	S	tatement o	fCash Flows	for the Year End	ed 31August 2	023
						2023	2022
					Note
Cash flows from operating		activities
Net cash expenditure						(56,185)	(20,381)
Adjustments to cash flows from non-cash				items
Depreciation						12,517	10,989
Investment income						(1,989)	137)
						(45,657)	(9,529)
Working capital adjustments
Increase in stocks					17	(9,012)	(1,964)
Decrease in debtors					18	1,184	65,254
Increase/(decrease)	in creditors				20	36,879	(66,133)
Decrease in deferred	income				21	(18,762)
Net cash flows from	operating		activities			35,368)	(16,828)
Cash flows from investing activities
Interest receivable and similar			income		6	1,989	137
Purchase oftangible	fixed assets				15	17,273)	22,254)
Net cash flows from	investing		activities			(15,284)	(22,117)
Cash flows from financing activities
Repayment ofloans	and borrowings				20	(220,131)	(93,550)
Net decrease in cash	and cash	equivalents				(270,783)	(132,495)
Cash and cash equivalents at		I	September			571,710	704,205
Cash and cash equivalents at		31 August				300,927	571,710

				2023	2022
			Note
Cash flows from operating activities
Net cash expenditure				(66,270)	(12,095)
Adjustments to cash flows from non-cash		items
Depreciation				12,517	10,989
Investment income				1,989)	137)
				(55,742)	(1,243)
Working capital adjustments
Increase in stocks			17	(9,012)	(1,964)
Decrease in debtors			18	20,264	42,295
Increase/(decrease) in creditors			20	35,899	(71,769)
Decrease in deferred income			21	(18,762)	(4,905)
Net cash flows from operating	activities			(27,353)	(37,586)
Cash flows from investing activities
Interest receivable and similar	income		6	1,989	137
Purchase oftangible fixed assets			15	(17,273)	(22,254
Net cash flows from investing	activities			(15,284)	(22,117)
Cash flows from financing activities
Repayment ofloans and borrowings			20	(220,131)	(93,550)
Net decrease in cash and cash	equivalents			(262,768)	(153,253)
Cash and cash equivalents at 1	September			552,751	706,004
Cash and cash equivalents at 31 August				289,983	552,751

							Unrestricted
							funds	Total	Total
							General	2023	2022
Donations		and		legacies;
	Donations		to major		appeals		20,577	20,577	6,038
							20,577	20,577	6,038
4	Income	from charitable				activities
							Unrestricted
							funds	Total	Total
							General	2023	2022
	Greenfields			School			1,&07,869	1,807,869	1,543,025
	Children's		House Nursery				160,800	160,800	211,825
	Effective	Education			Centre		183,987	183,987	134,693
							2,152,656	2,152,656	1,889,543

		Unrestricted
		funds	Total	Total
		General f.	2023f	2022 f,
Trading income;
Newgale	Farm rents received	27,300	27,300	38,120
		27,300	27,300	38,120

						Unrestricted
						funds	Total	Total
					Note	General f.	2023 f,	2022f
Greenfieids		School				1,879,936	1,879,936	1,556,998
Children's	House Nursery					201,586	201,586	227,920
Effective Education			Centre			176,592	176,592	129,997
Depreciation,		amortisation		and other similar
costs						12,518	12,518	10,988
Governance		costs			10	13,699	13,699	12,710
						2,284,331	2,284,331	1,938,613

Governance costs
		Unrestricted
		funds	Total	Total
		General	2023	2022
				f,
Staffcosts
Wages and salaries		2,839	2,839	2,660
Audit fees
Audit ofthe financial	statements	6,780	6,780	6,460
Other fees paid to auditors		4,080	4,080	3,590
		13,699	13,699	12,710

Net outgoing res	ources for the year include:
		2023	2022
Audit fees		8,892	8,380
Other non-audit	services	5,664	4,730
Depreciation of	fixed assets	12,518	10,988

13 Staffcosts The aggregate payroll costs were as follows:
	2023	2022
		f,
Staff costs during the year were:
Wages and salaries	1,425,373	1,167,2$8
Social security costs	95,272	72,744
Pension costs	22,071	16,520
	1,542,716	1,256,552

during the	year expressed as full time equivalents was as follows:
		2023		2022
		No		No
Charitable	activities		83		74
Newgale	Farm Cottages Limited (subsidiary)		I		1
			$4		75

Group
	Land and	Furniture and
	buildings	equipment	Motor vehicles	Total
		f,	f,
Cost
At 1 September 2022	6,330,275	342,821	23,780	6,696,876
Additions		17,273		17,273
At 31 August 2023	6,330,275	360,094	23,780	6,714,149
Depreciation
At 1 September 2022		310,313	22,604	332,917
Charge for the year		11,341	1,176	12,517
At 31 August 2023		321,654	23,780	345,434
Net book value
At 31August 2023	6,330,275	38,440		6,368,715
At 31 August 2022	6,330,275	32,508	1,176	6,363,959

Charity
	Land and	Furniture and
	buildings	equipment	Motor vehicles	Total
Cost
At 1 September 2022	6,330,275	342,821	23,780	6,696,876
Additions		17,273		17,273
At 31 August 2023	6,330,275	360,094	23,780	6,714,149
Depreciation
At 1 September 2022		310,313	22,604	332,917
Charge for the year		11,341	1,176	12,517
At 31 August 2023		321,654	23,780	345,434
Net book value
At 31 August 2023	6„330,275	38,440		6,36$,715
At 31 August 2022	6,330,275	32,508	1,176	6,363,959

are as fol	low	s:
			Country	of		Proportion	ofvoting rights	Principal
Undertaking			incorporation		Holding	and shares	held	activity
						2023	2022
Subsidiary		undertakings
								Other letting
Newgale Limited	Farm Cottages		England	and Wales	Ordinary Share	IPP%	100%	and operating of own or leased real
								estate

17 Stock
		Group		Charity
		2023	2022	2023	2022
Stocks		34,745	25,733	34,745	25,733
18 Debtors
		Group		Charity
		2023	2022	2023	2022
		f.
Trade debtors		32,944	39,109	32,944	39,109
Due &om group undertakings				3,&79	22,959
Prepayments		27,851	15,507	27,851	15,507
Accrued income		5,140	12,503	5,140	12,503
		65,935	67,119	69,814	90,078
19 Cash and cash equivalents
		Group		Charity
		2023	2022	2023	2022
Cash at bank		103,206	187,171	92,262	168,212
Short-term	deposits	197,721	384,539	197,721	384,539
		300,927	571,710	289,983	552,751

Group
				Balance at 1
				September	Incoming	Resources	Balance at 31
				2022	resolll ces	expended	August 2023 f
Unrestricted		funds
General
General	fund			1,778,553	2@36,397	(2,212,844)	1,802,106
Designated
Norman	lewis designated		fund	417,416		(79,738)	337,678
Total funds				2,195,969	2,236,397	(2,292,582)	2,139,784
				Balance at 1
				September	Incoming	Resources	Balance at 31
				2021	resources	expended	August 2022 f
Unrestricted		funds
General
General	fund			1,756,917	1,964,638	(1,943,002)	1,778,553
Designated
Norman	lewis designated		fund	459,433		(42,017)	417,416
Total funds				2,2]6,350	1,964,638	(1,985,019	2,195,969

Charity
				Balance at 1
				September	Incoming	Resources	Balance	at 31
				2022	resources	expended	August	2023
Unrestricted		funds
General
General	Fund			1,788,637	2,218,061	(2,204,592)	1,802,106
Designated
Norman	Lewis designated		fund	417,416		79,738)	337,678
Total funds				2,206,053	2,218,061	2,284,330)	2,139,784
				Balance at I
				September	Incoming	Resources	Balance	at 31
				2021	resources	expended	August	21122
					f,
Unrestricted		funds
General
General	Fund			1,758,715	1,926,518	(1,896,596)	1,788,637
Designated
Norman	Lewis designated		fund	459,433		(42,017)	417,416
Total funds				2,218,148	1,926,518	(1,938,613)	2,206,053

Group
					Total funds at
			Unrestricted	funds	31August
			General	Designated	2023
				f.
Tangible	fixed	assets	6,364,057	4,658	6,368,715
Fixed asset investments			1		1
Current	assets		68,587	333,020	401,607
Current	liabilities		(397,325)		(397,325)
Creditors over		1 year	(1,334,910)		(1,334,910)
Total net assets			4,700,410	337,678	5,038,088
					Total funds at
			Unrestricted	funds	31 August
			General	Designated	2022
Tangible	fixed	assets	6,357,297	6,662	6,363,959
Fixed asset investments			1		1
Current	assets		253,808	410,754	664,562
Current	liabilities		(551,306)		(551,306)
Creditors	over	1 year	(1,382,943)		1,382,943)
Total net assets			4,676,857	417,416	5,094,273
Charity
					Total funds at
			Unrestricted	funds	31August
			General	Designated f	2023 f,
Tangible	fixed	assets	6,364,057	4,658	6,368,715
Fixed asset investments			1		1
Current	assets		61,522	333,020	394,542
Current	liabilities		(390,261)		(390,261)
Creditors	over	1 year			1,334,910)
Total net assets			4,700,409	337,678	5,038,087

		Notes to the Financial S	tatements for the Year Ended	31August 20	23
					Total funds at
			Unrestricted	funds	31 August
			General	Designated	2022
				f,
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	liabilities		(545,222)		(545,222)
Creditors	over	1 year	(1,382,943)		(1,382,943
Total net assets			4,686,941	417,416	5,104,357