2022-07-31-accounts - The Knowl Hill Foundation

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		Page
Report ofthe Trustees	I	to	6
Report ofthe Independent Auditors	7	to	9
Statement ofFinancial Activities		10
Balance Sheet
Cash Flow Statement		12
Notes to the Cash Flow Statement		l3
Notes to the Financial Statements	14	to	22
Detailed Statement ofFinaacial Activities	23	to	24

				31.7.22	31.7.21
		Unrestricted	Restricted	Total	Total
		hmds	funds	1'unds	funds
	Notes
FIXEDASSETS
Tangible assets	12	199,244	776	200,020	202,321
CURRENT ASSETS
Stocks	13	3,000		3,000	3,000
Debtors	14	272,625		272,625	30,069
Cash at bank and in hand		755,266	154	755,420	631,779
		1,030,891	154	1,031,045	664,848
CREDITORS
Amounts falling due within one year	15	(298,256)		(298,256)	(43,518)
NET CURRENT ASSETS		732,635	154	732,789	621,330
TOTAL ASSETSLESSCURRENT
LI A B DEITIES		931,879	930	932,809	823,651
NET ASSETS		931,879	930	932,809	823,651
FUNDS	17
Unrestricted funds				931,879	822,211
Restricted funds				930	1,440
TOTAL FUNDS				932,809	823,651

					31.7.22	31.7.21
				Notes		f,
Cash tlows from operating		activities
Cash generated from operations					181,368	135,609
Net cash provided by operating activities					181,368	135,609
Cash flows from investing		activities
Purchase oftangible fixed	assets				(58,881)	(39,728)
Interest received					1,154	1,107
Net cash used in investing	activities				(57,727)	(38,621)
Change in cash and cash	equivalents		in
the reportiag period					123,641	96,988
Cash and cash equivalents		at the
beginning ofthe reporting		period			631,779	534,791
Cash and cash equivalents		at the end	of
the reportiag period					755,420	631,779

	Notes to the Cash Flow Statemeat ForThe Year Ended 31July 2022	Notes to the Cash Flow Statemeat ForThe Year Ended 31July 2022	Notes to the Cash Flow Statemeat ForThe Year Ended 31July 2022	Notes to the Cash Flow Statemeat ForThe Year Ended 31July 2022	Notes to the Cash Flow Statemeat ForThe Year Ended 31July 2022	Notes to the Cash Flow Statemeat ForThe Year Ended 31July 2022
	RECONCILIATION OFNET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
					31.7.22	31.7.21
						f.
	Net income	for the	reporting	period (as per the Statement ofFinancial
	Activities)				109,158	147,826
	Adjustments	for.
	Depreciation	charges			61,183	48,852
	interest received				(1,154)	(1,107)
	Increase in debtors				(242,556)	(6,066)
	Increase/(decrease)		in creditors		254,737	(53,896)
	Net cash provided		by operations		181,368	135,609
2.	ANALYSIS	OFCHANGES		IN NET FUNDS
				At 1.8.21	Cash flow	At 31.7.22
	Net cash
	Cash at bank	and in	hand	631,779	123,641	755,420
				631,779	123,641	755,420
	Total			631,779	123,641	755,420

	INCOME FROM CH	ARITABLE ACTIVITIES
				31.7.22	31.7.21
		Activity
	School Fees and Reimbursed
	cha rges	School fees		1,553,891	1,507, 163
5.	CHARITABLE ACTIVITIES COSTS
			Direct	Support
			Costs (see	costs (see
			note 6)	note 7)	Totals
	School expenditure		1,176,071	279,396	1,455,467
6.	DIRECT COSTSOF	CHARITABLE ACPIVITIES		31.7.22	31.7.21
	Staffcosts			1,032,903	1,014,372
	Educational supplies School Trips Daily travel costofpupils Other overheads			17,304 15394 26,488 10,588	12,055 3,953 7,817 26,923
	Bursary Awarded Depreciation			18,429 55,065	889 44,018
				1,176,071	1,110,027
7.	SUPPORT COSTS
			Overhead	Governance
			costs	costs	Totals
	School expenditure		129,725	149,671	279,396
	Support costs, included	in the above, are as follows:
	Overhead costs
				31.7.22	31.7.21
				School	Total
				expenditure	activities
					f,
	Rents, Rates and Insurance Light and heat Telephone Repairs and Renewals Computer Expenses Other Expenses			19,843 18,882 3,487 41,030 28,543 17,940	15,932 8,960 3,519 41,572 28,846 14,101
				129,725	112,930

Governance costs
		31.7.22	31.7.21
		School	Total
		expenditure	activities
		8
Wages		103,866	102,568
Social security		8,425	8,187
Pensions		2,476	1,954
Auditors' remuneration		7,500	7,500
Rents, Rates and Insurance		2,205	1,770
Light and Heat		4,030	996
Telephone		387	391
Repairs and Renewals		4,559	4,619
Computer Expenses		3,172	3,205
Other Expenses		1,993	1,567
Accountancy and legal fees		4,940	14,656
Depreciation oftangible fixed assets		6,118	4,834
		149,671	152,247
NET INCOME/(EXPENDITURE)
Net income/(expenditure)	is stated after charging/(crediting):
		31.7.22	31.7.21
		f.	8
Auditors' remuneration		7,500	7,500
Depreciation - owned assets		61,182	48,852

	The average monthly numb	er of	empl	oyees	during the ye	ar was	as fol	low	s:
											31.7.22		31.7.2 1
	Teachers (Full and Part Time)										31			33
	Admin &Bursary Staff										7			8
	Trustees										6			6
											44			47
	The number ofemployees	whose employee			benefits (excluding		employer		pension costs) exceeded %60,000 was:
											31.7.22		31.7.21
	f60,001-f70,000										1			I
	The key management personnel		ofthe charity comprise			the trustees,		the Headteacher,			the Business		manager and
	the bookkeeper. The total	employee		benefits of the key management					personnel	of	the Charity	were		f,161,548
	(2021;6100,547).
11.	COMPARATIVES FOR	THE STATEMENT OF FINANCIAL ACTIVITIES
								Unrestricted			Restricted			Total
									funds		funds			funds
									f.		f.
	INCOME AND ENDOWMENTS FROM
	Donations and legacies								14,760					14,760
	Charitable activities
	School fees							1,507,163						1,507,163
	Investment income								1,107					1,107
	Total							1,523,030						1,523,030
	EXPENDITURE ON
	Charitable achvities
	School expenditure							1,374,694			510			1,375+04
	NET INCOME/(EXPENDITURE)								148,336		(510)			147,826
	RECONCILIATION OF FUNDS
	Total fuads brought forward								673,875		1,950			675,825
	TOTAL FUNDS CARRIED FORWARD								822,211		1,440			823,651

12.	TANGIBLE FIXEDASSETS
		Freehold	Equipment	Motor	Computer
		property	&furniture	vehicles	equipment	Totals
		8				g
	COST
	At I August 2021	873,014	115,788	9,000	144,032	1,141,834
	Additions		38,918		19,963	58,881
	At 31 luly 2022	873,014	154,706		163,995	1,200,715
	DEPRECIATION
	At I August 2021	730,260	80,092	2,250	126,911	939,513
	Charge for year	19,498	20,754	2,250	18,680	61,182
	At 31July 2022	749,758	100,846	4,500	145,591	1,000,695
	NET BOOKVALUE
	At 31 July 2022	123,256	53,860	4,500	18,404	200,020
	At 31July 2021	142,754	35,696	6,750	17,121	202,321
13.	STOCKS
					31.7.22	31.7.21
	Stocks				3,000	3,000
14.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
					31.7.22	31.7.2 I
					8	f,
	Trade debtors				252,228	22,931
	Prepayments				20,397	7,138
					272,625	30,069
15.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
					31.7.22	31.7.21
	Trade creditors				28,325	10,841
	Social security and other taxes				28,901	I6535
	Other creditors				6,504	6,797
	Deferred income				204,170
	Accrued expenses				30,356	9,345
					298,256	43,518

MOVEMENT IN FUNDS
			Net
			movement	At
		At 1.8.21	in t'unds	31.7.22
Unrestricted funds
General fund		822311	109,668	931,879
Restricted funds
Playground equipment		488	(244)	244
Sundry Items		154		154
Other Equipment		798	(266)	532
		1,440	(510)	930
TOTAL FUNDS		823,651	109,158	932,809
Net movement in funds, included	in the above are as follows:
		incoming	Resources	Movement
		resources	expended	in funds
				f.
Unrestricted funds
General fund		1,564,625	(1,454,957)	109,668
Restricted funds
Playground equipment			(244)	(244)
Other Equipment			(266)	(266)
			(510)	(510)
TOTAL FUNDS		1,564,625	(1,455,467)	109,158

Comparatives for movement in funds
		Net
		movement	At
	At 1.8.20	in funds	31.7.21
Unrestricted funds
General fund	648,875	148,336	7%,211
Designated funds	25,000		25,000
	673,875	148,336	822,211
Restricted funds
Playground equipmcnt Sundry Items Other Equipment	732 154 1,064	(244) (266)	488 154 798
	1,950	(510)	1,440
TOTAL FUNDS	675,825	147,826	823,651

Comparative	net movement in funds, included	in the above are as follows:
		Incoming	Resources	Movement
		resources	expended	in funds
			f.	f,
Unrestricted	funds
General fund		1,523,030	(1,374,694)	148,336
Restricted	funds
Playground equipment Other Equipment			(244) (266)	(244) (266)
			(510)	(510)
TOTAL FUNDS		1,523,030	(1,375,204)	147,826