2021-07-31-accounts - The Knowl Hill Foundation

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		Page
Report ofthe Trustees	1	to	7
Report ofthe Independent Auditors	8	to	10
Statement ofFinancial Activities
Saiance Sheet		12
Cash Flow Statement		13
Notes to the Cash Flow Statement		14
Notes to the Financial Statements	15	lo	23
DetaHed Statement ofFinancial Activities	24	to	25

				31.7.21	31.7.20
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	f.	f.
FIXEDASSETS
Tangible assets	12	201,035	1,286	202,321	211,445
CURRENT ASSETS
Stocks	13	3,000		3,000	3,000
Debtors	14	30,069		30,069	24,003
Cash at bank and in hand		631,625	154	631,779	534,791
		664,694	154	664,848	561,794
CREDITORS
Amounts falling due within one year	15	(43,518)		(43,518)	(97,414)
NET CURRENT ASSETS		621,176	154	621,330	464,380
TOTAL ASSETSLESSCURRENT
LIABILITIES		822211	1,440	823,651	675,825
NET ASSETS		822,211	1,440	823,651	675,825
FUNDS	17
Unrestricted funds				822,211	673,875
Restricted funds				1,440	1,950
TOTAL FUNDS				823,651	675,825

					31.7.2]	31.7.20
				Notes	f.
Cash flows from operating		activities
Cash generated from operations					135,609	215,740
Net cash provided by operating activities					135,609	215,740
Cash flows from investing		activities
Purchase oftangible fixed	assets				(39,728)	(36,940)
Interest received					1,107
Net cash used in investing	activities				(38,621 )	(36,940)
Change in cash and cash the reporting period	equivalents		in		96,988	178,800
Cash and cash equivaleats		at the
beginning ofthe reporting		period			534,791	355,991
Cash and cash equivalents		at the end	of
the reporting period					631,779	534,791

RECONCILIATION OFNET INCOMF. TO NET CASH	RECONCILIATION OFNET INCOMF. TO NET CASH	RECONCILIATION OFNET INCOMF. TO NET CASH	RECONCILIATION OFNET INCOMF. TO NET CASH	FLOW FROM OPERATING ACTIVITIES	FLOW FROM OPERATING ACTIVITIES	FLOW FROM OPERATING ACTIVITIES
					31.7.21	31.7.20
						f
Net income	for thc	reporting	period (asper the Statement	ofFinancial
Activities)					147,826	199,301
Adjustments Depreciation	for: charges				48,852	42,010
interest received					(1,107)
Increase in debtors					(6,066)	(13,406)
Decrease in	creditors				(53,896)	(12,165)
Net cash provided		by operations			135,609	215,740
ANALYSIS	OF CHANGES		IN NKT FUNDS
				At 1.8.20	Cash flow	At 31.7.21
					f.	f.
Net cash
Cash at bank	and in	hand		534,791	96,988	631,779
				534,791	96,988	631,779
Total				534,791	96,988	631,779

	INCOME FROM CHARITABLE ACTIVITIES	INCOME FROM CHARITABLE ACTIVITIES	INCOME FROM CHARITABLE ACTIVITIES
					31.7.21	31.7.20
			Activity
	School Fees	and Reimbursed
	cha rges		School fees		1,507,163	1,469,419
5.	CHARITABLE ACTIVITIES COSTS
				Direct	Support
				Costs (see	costs (see
				note 6)	note 7)	Totals
				f.		f,
	School expenditme			1,110,027	265,177	1,375,204
	DIRECT COSTSOF		CHARITABLE ACTIVITIES
					31.7.21	31.7.20
	Staffcosts				1,014,372	951,008
	Educational	supplies			12,055	10,170
	School Trips				3,953	6,702
	Daily travel	cost ofpupils			7,817	8,778
	Other overheads				26,923	29,044
	Bmsary Awarded				889
	Depreciation				44,018	37,809
					1,110,027	1,043,511
7.	SUPPORT	COSTS
				Overhead	Governance
				costs	costs	Totals
				f,	f.
	School expenditure			112,930	152,247	265,177
	Support costs, included		in the above, are as follows:
	Overhead costs
					31.7.21	31.7.20
					School	Total
					expenditure	actlvrtlcs
	Rents, Rates	and insurance			15,932	16,681
	Light and heat				8,960	9,280
	Telephone				3,519	3,199
	Repairs and	Renewals			41,572	36,076
	Computer Expenses				28,846	24,699
	Other Expenses				14,101	14,065
					112,930

Net income/(expenditure)
	31.7.21	31.7.20
Auditors' remuneration	7,500	7,500
Depreciation —owned assets	48,852	42,010

The average monthly num	ber ofemployees	during the year was	as follow	s:
				31.7.21	31.7.20
Teachers (Full and Part Time)				33	34
Admin tk Bursary Staff Trustees				8 6	6 6
				47	46
The number ofemployees	whose employee	benefits (excluding	employer	pension costs) exceeded	f60,000was:
				31.7.21	31.7.20
f60001-f70000				1

The key management the bookkeeper. The	personnel ofthe charity total employee benefits	personnel ofthe charity total employee benefits	comprise the trustees, of the key management	the Hesdteacher, personnel of	the Business manager and the Charity were f.100,547	the Business manager and the Charity were f.100,547	the Business manager and the Charity were f.100,547
(2020:Kt03,489).
COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES
			Unrestricted		Restricted		Total
				funds	funds		funds
				f.
INCOME AND ENDOWMENTS		FROM
Donations and legacies				5,472	4,382		9,854
Charitable activities
School fees			1,469,419			1,469,419
Total			1,474,891		4,382		1,479,273
EXPENDITURE ON
Charitable activities
School expenditure			1,276,060		3,912		1,279,972
NET INCOME				198,831	470		199,301
RECONCILIATION	OF FUNDS
Total funds brought forward				475,044	1,480		476,524
TOTAL FUNDS CARRIED FORWARD				673,875	1,950		675,825

CREDITORSt AMOUNTS FALLING DUE WlTHIN	ONE YEAR
	31.7.21	31.7.20
Tmde creditors	10,841	11,177
Social security and other taxes	16,535	21,733
Other creditors	6,797	51,880
Accrued expenses	9,345	12,624
	43,518	97,414

MOVEMENT IN FUNDS
			Net
			movement	At
		At 1.8.20	in funds	31.7.21
		f	f.
Unrestricted funds
General fund		648,875	148,336	797,211
Designated funds		25,000		25,000
		673,875	148,336	822,211
Restricted funds
Playground equipment		732	(244)	488
Sundry Items		154		154
Other Equipment		1,064	(266)	798
		1,950	(510)
TOTAL FUNDS		675,825	147,826	823,651
Net movement in funds, included	in the above are as follows:
		Incoming	Resources	Movement
		resources	expended	in fimds
				f.
Unrestricted funds
General fund		1,523,030	(1,374,694)	148,336
Restricted funds
Playground equipment			(244)	(244)
Other Equipment			(266)	(266)
			(510)	(510)
TOTAL FUNDS		1,523,030	(1,375,204)	147,826

Comparatives for moverne	at in funds
			Net
			movement	At
		At 1.8.19	in funds	31.7.20
			f.
Unrestricted funds
General fund		450,044	198,831	648,875
Designated funds		25,000		25,000
		475,044	198,831	673,875
Restricted funds
Playground equipmeut Sundry Items Other Equipment		976 154 350	(244) 714	732 154 1,064
		1,480	470	1,950
TOTAL FUNDS		476,524	199,301	675,825
Comparative net movement	in funds, included	in the above are as follows:
		Incoming	Resources	Movement
		resent'ces	expended	in funds
			f,
Unrestricted funds
General fund		1,474,891	(1,276,060)	198,831
Restricted funds
Playground equipment			(244)	(244)
Sundry Items Other Equipment		3,402 980	(3,402) (266)	714
		4,382	(3,912)	470
TOTAL FUNDS		1,479,273	(1,279,972 )	199,301