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|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|
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|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|
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|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||||
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||||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|
##
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