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2022-07-31-accounts

1 2021-2022 —Stable footing~ with headwtnds to manage. .
2 Kducat tonal h ghhghts
3 Our Chartty
4 Pubhc Benefit & Partnershtps
5 Operational
&Financial
Review ..
6 Governance. . 10
7 Reference &Admtnistrative
Details.		 . 12
8 Statement
ofGovernors'
Responsibdlties.		 . 13
9 Independent
audttor's
report to the members		 ofFmton House Educational Trust ... . . 14
10 Statement
ofFtnanctal Actnnties.		 . 17
11 Balance Sheet as at 31July 2022. .18
12 Gashtlow Statement
for the year ended 31July 2022		 .19
13 Notes to thc Financial Statements. .20

Name Date ofElection Bole/Committee Bole/Committee
Nick Addyman Elected 2017 Fmance and General Purposes
Retires 2025 Development
Lm, Buckler Elected 2018 Chair
Retires 2026
Andrew Cattle Elected 2022 Fmance and General Purposes
Retires 2026
Matthew Falconer Elected 2022 Finance and General Purposes
Retires 20211
Tom Frost Elected 2016 Finance and General Purposes
Retued 2022
Matt Hancox Elected 2014 Fmance and General Purposes
Retired 2022
Nathalie Hart Elected 2019 Safeguarihng and Wellbeing
Retmes 2023
Sally Hobbs Elected 2015 Education
Retires 2023 Nommations
Clare Ieng Elected 2015 Education
Retires 2023 Safeguarding and Wellbeing
Paul Mehta Elected 2022 Fmance and General Purposes
Retues 2026
Lucy Myres Elected 2022 Finance and General Purposes
Retires 2026
Myles Pink Elected 2014 Finance and General Purposes
Retires 2023 Nominations
Saroop Purewal Elected 2022 Safeguardmg and Wellbemg
Retues 2026
Kathenne
Stuart		 Elected 2018 Legal
Retires 2026
Natalie Trumper Elected 2022 Safeguarding ond Wcllbciog
Retires 2026
Annabel Tuckey Elected 2019 Edncation
Retires 2023
Hornet Turnbull Elected 2022 Safeguarding and Wellbeing
Retires 2030
Julian Walker Elected 2022 Finance and General Purposes
Retires 2030 Development
Health &Safety
Ben Freeman Elected 2016 Head
Vtctona Andrews Elected 2017 Safeguarihng and Wellbemg
Retired 2022
Robin Chatwrn Elected 2011 Finance and General Purposes
Retired 2022 Health &Safety
Annabelle Elliott Elected 2014 Safeguarding and Wellbeing
Retued 2022
Ian Michael Priest Elected 2014 Development
Reiired 2022 Marketing
Kavi lshwar Ruparcl Elected 2016 Safeguarding and Wellbeing
Retired 2022 Technology

L Bucklev Chair ofGovernors
26/04/2023

ncorporating
Income at E		 xpenditure Account) for the ye ar ended 31July 2022
Unrestricted 2022 2021
Notes Funds Total funds
f		 Total funds
INCOME FROM
Grants and donations 13 9 114,866 1G,OOO 130,866 105,475
Charitable
actnuties		 133 5,941,092 5,941.092 5,415,404
Sundry other income 11683 11683 21,518
lrivectmi nt mourne 3,115 28,767 31,882 32,959
Total G,070.756 5 575 356
EXPENDITURE ON
Raming funds 13.4 27,298 3,099 30397 23,963
Charitable
activities
S hool operating
costs		 13.5 5,845,432 5,845,432 5,625,396
Total 5 Br 2,730 3.099 5 375829 5649 359
NET INCOME/(EXPENDITURE) 198,0'96 41,668 239,694 (74,003)
BEFORE GAINS/(LOSSES) ON
INVESTMENTS
Net gams/(lcsseid
un		 13.12 39.336 3933G 510,810
investments
NET INCOME/(EXPENDITURE)
BEFORETRANSFERS 198,096 81,004 279,030 136,807
Transfers
between
funds		 13.17
NET INCOME/(EXPENDITURE) 198,026 81,004 279,030 436,80i
RECONCILIATION
OF
FUNDS
Total funds brought
forv'ard 5,940,991 2 1538(10 8,094,851 7,658,044
TOTAL FUNDS CARRIED
FORWARD

11 Balance Sheet as at 31July 11 Balance Sheet as at 31July 2022 Company number: 02119682
2022 2022 2021 2021
Note c 2
FIXEDAS SETS
Tangible Assets 13.11 5,714,556 5,922,432
Investments 1312 1,590,880 1,622,26 r
7,305,436 7,544,699
CURRENT ASSETS
Debtors 13.13 314,801 390,923
Cash at Bank 2 183,011 1 483669
2,497,812 1,874,592
GREBE/RS
1314 (665 8151 (667,835)
NET CURRENT ASSETS 1,831,997 1,206,757
TOTAL ASSETSLESS
CURRENT LIABILITIES 9,13r,433 8,751,456
CREDITORS 1315
Amounts
falhng due after		 (763,552) (656,605/
more than one year
NET ASSETS
FUNDS 13.17
Unrestricted
funds:
General
fund		 687,420 313,964
Building fund 5 451597 5,627,027
6,139,017 5,940,991
Restricted funds'
Sally Walker Bursary 2,051,953 1,928,436
Special Needs Appeal 182,911
2,234,864 2,153,860
9

Note 2022 2021
2
Cash f(ows &om operating
activities'-
Cash generated
from operations		 i33,005 (261,090)
Cash flows fmm investing activitieei,
Purchase oftangible
fixed		 assets (136,268) (317,279)
Purchase
ofmvestinent		 (218,150) (2i2,516)
Proceeds from disposal ofmvestments 288,8/3 582,342
Investment
income		 31,882 32,959
Net cash provided
by (used in) investing
activities
us''i		 (33 6/13) 25,507
Change in cash and cash equivalents in the reporting period G99,342 /235,583)
Cash and cash eqiuvalents at the begmrong ofthe reportmg
period
i
s'u		 1,483,669 1,719,252
The accompanying
notes		 on the followmg pages form an integral part, ofthese financial statements.
The accompanying
notes on the followmg
pages form		 The accompanying
notes on the followmg
pages form		 The accompanying
notes on the followmg
pages form		 an integral
p		 art, ofthese financial statements.
A: RECONCILIATION
OFNET INCOME TO NET		 CASH FLOW FROM OPERATING ACTIVITIES
2022 2021
Net income for the
Gnancial activities)		 reporting period (ssper the statement of gi9,030 436,80i
Ad/ustments
for
Depreciation
charge
(Gains)/losses
on investments		 344,144
(39,336)		 309,686
(5)0,810)
Invcstmcnt
income		 (31,882) (32,959)
(Increase)/decrease in debtors 76,122 (236,802)
(Decrease)/Incruasu m creihturs 104,92i (227,012)
Net cash provided by operatmg activities

:AN ALYSIS OF CASH AND CASH EQUIVALENT S AT THE END OF THE REPORTI NG PERIOD
2022 2021
Cash at bank aiui m hand 2,113,i6i 1,482,050
Cash held by mvestment managers G9,244 1,619
Total cash and equivalents

2029 2021
Douatioue aud forfeited deposits 127,400 82,560
Government grants 3,466 22 915
8
13.3 Income from Charitable Activities
.3 Income fro m Charitable
Activities
2022 2021
Gross fees* 5,738,375 5,321,770
Statf discounts &Bursaries (210,961) (154,347)
Registration fees 22,450 15,615
Other fees incl. school clubs 391228 232,366
5,415,404
2022 2021
2
Fuudraisiug and publicity 28,406 22,442
Finance and other costs 1991 1521

Depreciation
f		 Other Total 2022
2
Chantable expenditure 2022
Teaching Costs 3208,509 59,991 3,268,500
Welfare 47,822 363,847 411,669
Prertuses 344,144 297,469 641,613
Support Costs —see 9 ti 555,838 96i,812 1,523,650
3,612 169 344 144 1,689 119 5,845,432
Staff Costs Depreciatton Other Total 2021
2 2
Chantable expenditure - 2021
Teaching Costs 3 253,208 56,8li7 3,310,0i5
Welfare 32,998 297,033 330,031
Preuuses 309,686 403,694 713,380
Support Costs —see 9.6 529,074 742,836 1,271,910

3.6 Sup p ort Costs
20o2 2021
2
Salanes, 1'enmons &Soctaf Security 5o5,838 529,074
Transport 51,068 24,453
Informatrun Tectusulugy 5 999 4,990
Sundry Extras 694,717 434,222
Governance Casts 216,028 229,171
12il 910
Governance coats
Audrtcrs' remuneratton 12,000 11,250
Aucbtcrs remuneratron for non.audrt work 3,500 3,400
Legal and professional fees 200 528 214,521
216,028 229,171

.7
Net		 Income/(Expe nditure)
2022 2021
Net income/(expenditure) is stated after charging/(crediting):
Auditors' remuneration —for audu 12,000 11,250
Auditors' remuneration for non-audit work 3,500 3,400
Depreciation —owned assets 344,144 309,686
Operating lease rentals

.9 Staff Costs
2022 2021
Salaries &wages 2,969,138 2,990,653
Social security costs 298,729 249,008
pensions 396,691 482,021
Life and health msursnce 3,847 10,720
Other staff costs 143 7l)4 82,878
3,815,280
20'72 2021
The average number ofemployees in the year was:
Teaching staff 38 39
Other 35 37
73 76

Unrestricted 2021
Funds Total funda
Notes 6 f
INCOME FROM
Grants and donaticna 13.2 105,475 105,475
Charitable
activities		 13.3 5,415,404 5,415,404
Sundry other income 21,518 21,518
Investment
income		 32,959 32,959
Total 32,959 5,575,3o6
EXPENDITURE ON
Raising funds 134 23,963 23,963
Charitable
activities
School operatmg
costs		 13.(i 5,625,396 5,626,396
Total 5 649,359
NET INCOME/(EXPENDITURE)
BEFOREGAINS/(LOSSES) ON
INVESTMENTS (106,962) 32,9,i9 (74,003)
Net gmne/(losses)
on
vestments 13.12 510,810 510,810
NET INCOME/(EXPENDITURE)
BEFORETRANSFERS (106,962) 543,769 436,807
Transfers
beiiveeu
fund~		 13 17
NET INCOME/(EXPRNDITURE) 543 769 436,807
RECONCILIATION
OF
FUNDS
Total funds brought
forward 6,047,063 1,610,091 7,658,044
TOTAL FUNDS CARRIED
FORWARD

13.11Tangible Fixe d Assets
Freehold & Fnttures Information
Buildings &Equip Technology Totals
COST
At
1 August 2021		 8,380,862 67,494 1,073,368 9,521,724
Additions 52,810 66 951 16,507 136,268
At 31July 2022 8 433 G72 134,445 1,0898 '5 9,657,992
DEPRECIATON
At 1August 2021 2,753,836 9,077 83G,380 3,599,292
Charge for year 228 240 14,8G6 101038 344 144
At 31July 2022 2,982,076 23,943 937,418 3,943,436
NET BOOK VALUE
At 31July 2022 5,451,697 110502 162,454 5,714,55G
At 31July 2021 5 627027 68417 236 988 5,922 432
13.12
Fixed Asset		 Investments
2022 2021
MARKET VALUE
Listed investments at 1August 2021 1,G22,2G7 1,421,284
Additions 218,150 272,616
Disposals (288,873) (582,342l
Net gains/(losses) on investments 39,33G 510,810
T,istsd investmenta at 31July 2022 1,590,880 1,622,267
Cash balances held at fund manager: 69,244 1,G19
Total 1660 124 1623 886
Cost oflisted portfolio 1289029 1,318710
13.13 Debtors: Amounts Falling Due Within One Year
2022 2021
Trade debtors 154,378 350,654
Other debtors 160,423 40,269
314801 390,923

3.14 Creditor s: Amounts Falling Due Within One Year
2022 2021
Trade creditors Lee,oie 162,547
Social security and other taxes 102,434
Other creditors 242,423 240,517
Deposits and fees receive in advance 96,489 129,694
Accrued expenses //5 deferred income 69 3534 145,077
655.815 835

3.16 C reditors: Amounts
Falling Due After More		 Than One Year
'3022 2021
Deposits 763,552 656,605
83 55' 6 G G55
.16 Operating Lease Commitments
2022 2021
Amounts falling duet
Within one year 25,374 25,3i4
Between one anil five years 47,282 61,122

.17 Moveme nt
in Funds —C		 urrent
Year
Net Transfers
Movement
in		 Between
At 1/8/21 Funds Funds At 31/7/22
6
Unrestricted funds
General fund 313,964 426,266 (52,810) 687,420
Building
fund		 6 627 02i (228 240) 62810 5 451 597
6,940,991 198,026 6,139,01
'
Restricted funds
Sally Walker Bursary Fund 1,9i4,794 77,159 2.051,953
Special Needs Appeal Fund 179,066 3,845 182,911
2,163,860 81,004 2,234,864
Total Funds 8 094851 279,030 8 373881
et movi ment in funds, included in the above are as follows:
Gains and Movement
in
Income Expenditure
f		 Losses Funds
Unrestricted funds
General fund 6,070,756 (5,644,490) 426,26G
Building
fund		 (228,240) (228,240)
6,070,756 (5,872,730) 198,026
Restricted funds
Sally Walker Bursary Fund 44,767 (2,747) 35,139 77,159
Special Needs Appeal Fund (352) 4,107 3,845
44,767 (3,099) 39,336 81,004
Total Iiunds 6,115,523 (5,875,829) 39,336 279,030
The 10th Anniversary
Spi rial Needs
Funil was established
with the objective to raise funds
to help
cover the staffing costs ofthe School Special Needs Department.		 The 10th Anniversary
Spi rial Needs
Funil was established
with the objective to raise funds
to help
cover the staffing costs ofthe School Special Needs Department.		 The 10th Anniversary
Spi rial Needs
Funil was established
with the objective to raise funds
to help
cover the staffing costs ofthe School Special Needs Department.		 The 10th Anniversary
Spi rial Needs
Funil was established
with the objective to raise funds
to help
cover the staffing costs ofthe School Special Needs Department.		 The 10th Anniversary
Spi rial Needs
Funil was established
with the objective to raise funds
to help
cover the staffing costs ofthe School Special Needs Department.		 The 10th Anniversary
Spi rial Needs
Funil was established
with the objective to raise funds
to help
cover the staffing costs ofthe School Special Needs Department.		 The 10th Anniversary
Spi rial Needs
Funil was established
with the objective to raise funds
to help
cover the staffing costs ofthe School Special Needs Department.		 The 10th Anniversary
Spi rial Needs
Funil was established
with the objective to raise funds
to help
cover the staffing costs ofthe School Special Needs Department.		 The 10th Anniversary
Spi rial Needs
Funil was established
with the objective to raise funds
to help
cover the staffing costs ofthe School Special Needs Department.		 The 10th Anniversary
Spi rial Needs
Funil was established
with the objective to raise funds
to help
cover the staffing costs ofthe School Special Needs Department.		 The 10th Anniversary
Spi rial Needs
Funil was established
with the objective to raise funds
to help
cover the staffing costs ofthe School Special Needs Department.		 The 10th Anniversary
Spi rial Needs
Funil was established
with the objective to raise funds
to help
cover the staffing costs ofthe School Special Needs Department.		 The 10th Anniversary
Spi rial Needs
Funil was established
with the objective to raise funds
to help
cover the staffing costs ofthe School Special Needs Department.
For the Sally Walker Bursary
Fund, donations
off44,7G7 (2021:f11,30G) from various
donors
viere
received. Bursaries totalling f142,009(2021:f103,080) were partly financed from the income received
from this Fund.
The School Building I"und represents
designation		 fund retained to finance School freehold
property
deducting
other		 long-term financing
provided		 by fees in advance. The balance of corporate
reserves
represents
free		 reserves to cover normal
fluctuations		 in working capital and further mvestment
in
school facilities.
13.18 Movement
in Funds —Prior Year
Net Transfers
At 1/8/20 Movement
in
~ds		 Between
Funds		 At 31/7/21
f
Unrestricted
funds
General fund 342,137 110,907 (139,080) 313,964
Building
fund		 5 705,816 (217,869) 139,080 5,62i,027
6,047,953 (106,9G2) 5,940,991
Restricted funds
Sally Walker Bursary I"uad 1,431,025 493,823 I iJ74 7iJ4
Special Needs Appeal Fund 179,066 49,946 179066
1,610,091 543,7G9 2,153,8GO
Total Funds 7,658,044 436 807 8,094,851
Net movement in funds, included in the above are as follows-
Gains and Movement
in
Income Expenditure
f		 Losses Funds
f
Unrestricted
funds
General fund 5,542,397 (5,431,490) 110,907
Building
fund		 (217,869) (217,869)
5,542,397 (5,649,359) (106,962)
Restricted funds
Sally Watlrer Bursary Fund 29,371 464,452 493,823
Special Neeils Appeal Fund 3 588 4G,358 49 94G
32 95iJ o1V,810 543,769
Total Funds 5 575 356 510,810 436,80i
18.19 Net Assets by Fund 18.19 Net Assets by Fund
Unrestricted Restncted 2022
Funds Funds Total funds
f s
Tangible fixed assets 5,714,556 5,714,556
Investments 1,590,880 1,590,880
Current assets 1,853,828 643,984 2,497,813
Current liabilities (665,815) (665,815)
Non current liabdities (763,552) (7fi3,552)
TOTAL FUNDS 6,139,017 2,234,864 8 373,881
Unrestricted Restricted 2021
Funds Funds Total funds
Tangible fixed assets 5,922,432 5,922,432
Investments 1,622,267 1,622,2(ii
Current assets 1,342,999 531,593 1,874,592
Current liabilities (667,835) (667,835)
Non.current liabihties (655,605) (656,605)
TOTAL FUNDS 5,94U 991 2,153,86U 8,094851