REGisfERED ColP.41 N1'.lBER: 0227411rfp IEng]And and Wales) REGISTERED CH..IRITI' NI'.%IBER.. 299690 Report of the Trustees and Financial Siatements For The l'ear Ended 31 July 2024 for The Knowl Hill Foundation Fllller Spurling StalutOTV Auditors Mill House 8 Guildford Street Chertsey Surre) KT16 9BE
The Knowl Hill Foundatio Contents of the Fio#n¢iJl Statements For The l'ear F.nded 31 Jull. 2024 Page Report of the Tru5tee5 Report of iht Independent Audito 9 to 11 Stgtement of FlnAncial ActlTritie5 Balanee Sheei 13 C.'a$h Trlow Stattment 14 oils to th¢ C'ash Flow SIAtement Note5 to the Fln8nelAI Statements 16 24 Deixlled Staiement of Flnaneial Aetlyitles 25 to 26
The Knowl Hill froundation Report ofthe Trustees ForTh¢ ) ear F.nded 31 Jul). 2024 The irusiees who are also directors of the charity for the purw)ses of th¢ Companies A¢1 ?000, present their repon with Ihe financial staternents of lh¢ chariii for the y¢aT ended 31 Julj ?0?4. The ITusiee5 have adopted the pro%'isions of Ac¢oun¢ing and RetK)rtinB by Charities.. Siatemeni of Recommended Practice applicable lo charities Preparing their accounts in accordance with the Financial Rerx)rting Standard appliLable in the Lk and Republic of Ireland IFRS 10? leffeclive l January 20191. OPJECTIVES AND ACTII'ITIES Aims Charity'5 lIS510n and Operaiions Charity'5 Purwb5e 8nd Objertives The charity is a non-tK)litiral. non-Teligious British charity dedicated io advancing the educaiion of dvslexic children and children with specific leaming difficulties. The ¢haritw primarily focuses on providing sriall5 teaching in a Small, rin8 environment. such as thai offerd at Knowl Hill School in Pirbright. Surrey. In dItiOn to providino direct educational servi¢e5, the charity aims to rai5¢ aWaeSS of dv51¢xia and srifiC l¢aming ditTiculries within ihe mainstream education system. B) educating leacheT5. the charity hopes to iTnprove the identification and suppon oldyslexi¢ children in mainstyeam schwls. Policv and Operat10115 There has been no ihange in the charity'5 declared rolic).. The charity continues attractin8 Students frorn the priv*e sector and various local authorities io Knowl Hill 8¢hwl. The trustee5 have complied with the Tequiremenis of the ?01 I Charities Ac¢ including ihe dury regard the Charity Commission's 8uidanc¢ on publi¢ benefii, particularly regarding adwancing educaiion a¢)d fee-charging. Public Benefit Knowl Hill School seeks to benefit the public through its staled aims. The school is committed io safeguarding and promoting the welfare of its students. Parents receive resul¥ UTKiat¢s on their children's Social and academic progress through parent-teacher evenin85. and the sch[ rnaintains an open-door poli£v for parental inquiries. The charity Welcomes students frotn all backyound5 arkd i5 committed 10 providing an equal opp)rtuniiies environment fiEe from discrimination. OWEcfivES Objedii'ts for ihe I'eAr The chArity established the following key objectives for the current year= l. Bursyry Fund SupFK)n.. To continue providing financial &ssistance to 5ttJdents throu8h the bursary fund, enabling them access the sch1,5 educational opportunities. 2. Arad¢tDir Exc¢ll¢nre'. To ¢nsur¢ thai ¢ach studeni TK¢iVeS a high-quality acad¢mir rvrriculuTn that helps them achieve iheir fLsII p)iential. 3. Enhanced Pastoral Care: To further develop the ptoral supw)n services provided to siudents and foster a caring and supporti¢ leaming environment. 4. Expanded Qualifications.. To incre&se the rdnge of GCSE. IGCSE, and BTEC qualifications available to students. providing ihem 1th a wider range of Options for futu pathways. 5. InfrasrnJctur¢ Inv¢stm¢ni'. To invest in the s¢hix)I's infrastructure to create a safe. cornfortabl¢, and conducive leaming envjronment for knth shjdents and staff. 6. Technology Itlvesirnenl.. To acquiTe new technology to benefii childn wilh l¢aming diificulties, particularly those who struggle wilh wding and Mriting. 7. Speech and Language SuptK)rt.. To provide additional support for siudents with speech and language ditTicultres associated with speeific leamin8 challenges. These objeaives align with the Charl s mission to provide 5pecialised education and supwrt for dyslexi¢ ¢hildr¢n and children with specific leaming ditTiculries. BJ achieving these goa]5. the charity can ensure that ils studenis Tec¢ive th¢ best possible education and Opkxlrtuniiies for success. Page I
The Knowl Hill Fourtd•tion Report of the Trustees For The l'ear Fnded 31 JulTr 2024 OWEcri"Es AYD ACTII'ITIE5 ACCESS POLICV. Admission5 Pro¢es5 Ind Support Selet5 Admissions CriteriA And Procedures The 5Lhuol is t¢ resiricied io siudenis who can afford the full tuition fees. As k speeialised school for children with specific learnin¥ difficulties. the schwl only accepis s¢udents who would b¢n¢fit from the specialised leaching and suprort provided. Tts determine a Student's suitahility for admission, Ihe Kh)1 Tequires the following documentsrion.. Educational Ps>'chtslo¥ist's Rew>rt.' A ¢ompr¢hensive assessment of the ¢hild'5 leaming difficulii¢s and n¢¢ds. Previous School Report.. This is a report from the child's PTevious schwl Ihai provides information aix)ut their acad¢inic p¢rfornian¢¢ and b¢haviour. Educaiion Health and Care Plan IEHCPI.. An EHCP can provid¢ valuabl¢ insights into ¢he child's specific nttds and support require]nent5. After 5ubmilting the required documentation. TX>tential students are invited to spend two days at the whool to b¢ Assessed by the s¢aff in a classrwm sdiing. Bursary AwArd5 #nd Lo¢AI Authorliy Fundlng The he8dm8si¢r will discuss the ehild'5 suilabilily for the school and the fee structure with the parents. A bur58ry may be offcr¢d if the child'5 finan¢ial ¥ir¢umsian¢¢s warrnni li and funds arc available. If a child has An fHCP. the local educaiion authority will be inviied io mee¢ wilh ihe headmaster and SENtKo to discuss how the Child's needs can be mei. lThe auihori¢J may coniribuie towards ¢he cosi ofihe child's educatLOn. Support Servlees ThL sLhwl oifLrs a ran¥e of siIPPQn services 10 siudenis. including.. Speech And l.anBuAge Therapy.. Provided by qualified speech and langua8e ¢herapi5ts. - OccupatLOIIAI Thcrapy.. OtTercd by qualified occupalional therapi51S to address 5ens0ry. motor. and fine mOr skills. Schuol Courtsellin8.' Availablc 10 gtud¢nt5 who Tequire emotional OT P5ycholo¥ieal 5UPPOrt. Funding for these service5 15 typically included in the school ftts. IncluJlvL' ApPr0ch The iihcx)l laiers 10 s¢udents with a growing number of specifil needs, adopiing A holistic approa¢h that Énclude5 a wide v¥iety of interventions outlined in the document'knowl Hill Sch1 PTOViSlQn." Accessibllit). And In¢lusion Approximaiely 9Wio of the school's siud¢nls are funded b) Ihe lo¢al edu¥aiion authority. a5 Ihere are often no o¢her suiiable educational estsblishments available. The school actively repre5ent5 51ud¢nts at tribunals when necessary to appeal against local auihoTity decisions. No ¢hild is r¢j¢iied bj the s¢h(x)l if Ihey meet the basic ¢riierion of hAvin¥ a specific le8rnin8 difficulty. unless there are no available places. In such ca5cs. the child may be pla¢¢d on a wailing lisi. BURSARI, POLICY Bur58ry Program The charity ofter5 bursaries 10 eli8ible students lo help otTse¢ Ihe ¢osl of s¢hool fees. A iwr5ary covers the fees for a half temi and is r¢viewed every half temi io assess the ong?oing need for financial a5sislan¢e. When evaluating a parent's finan¢iAI situation. we consider th¢ following factOT5'. . Artrtual Salary.. The parent's annual income. Expenses.. Livin8 expenses. inLludin8 mi)n¥a¥¢ QT r¢r)l. utiliti. and ¢ranspDrtation cost5. Famil) Commitments.. OtheT financial oblispations, such child care. loans, OT dep¢ndents. If a parent's financial sityaiion warranis ii. we may arrange for monthly payment plan5 to mak¢ the ftt5 more manageable. Bv offering bursaries and flexible payment options. the charity aiTn5 to ensure that student5 can acc¢55 j15 educational services re¥ardles5 of their fin4nrial fiTrun15tanc¢s. Page 2
The linowl Hill Foundgtion Repvrt of ihc Tru%tee5 For The I'e#r Endtd 31 Jul). 2024 ACHIE%'E%IEYT AID PF.RF0Rj,llcF. B) Ihe end ITrf the academic lear 10?1.174, Ihc pupil numbers reached 65 places. Public Exgmlnation$ There ere 9 pupils in Jear I I for th¢ academic year of ?093- ?0?4. Due our pupils, needs. w¢ offer a wide range of subjec¢ choices I&Trad¢s awarded acros5 the year group from Unit Award Schemes and F.nir) l.evel Certificate through io GC-SEI. This ¢nabl¢s all our pupils io leave wilh a range of qualifications and Lertificales 5uiied to their leaming levels. There were ?6 grades awarded in the ¢OTe 5ubjec15 of EiigTlish. Math5. and Combined and Co-ordinat¢d S¢icn¢¢. Computer Science w&s offered as a one-off wutse this year and ihe pupil achieved a ¥rade 4. We offer¢d 4 BTEC OPiion5. Perfonning Arts (for the first year which is the beginning of a -yeaT wurs¢k ICT. SrM)rt and Horne Ci)oKing. In ICT Lev¢] l and ? ere h)¢ed. In Sprt 4 piipils A¢hie¥ed a lev¢] I merii- disiinciion and I pupil A level ? pass. In Home Cookin, all 9 pupils achieved a level ? award. The GcSEB TEC Awards k¢n this academi¢ year were.. . An, Craft & Design Texiiles PholiigTaphy F.nblish Language CLifflbined Science . Co-ordinated S¢ien¢e His10 . Compuier Science MaihemAIICS - BTEC Sport . EJ'rLC Home Cookin8 - B TEC Perfomiinb Arts BTEC Funeiional Skills ICT In l.AMDA. one siudeni completed Devising Drama Grade 7- Solo . awarded Distinction & Speaking V¢T5¢ and PT05e Grade 7- Solo- awarded Dislinc¢ion. Student Success and C'ollege Placement5 A wsiiive track TOrd of One hundred perceni suc¢¢ssful colle8e placements continues lo contribute to th¢ s¢hcM)I's repuialion and credibility, atiracting future studenis who aspire lo similar achi¢vemenls. Variations in exam r¢sulis among siuden¢s are expe¢t¢d due io factors such as differiiib qualificution5, individual pr¢parntion levels. and apiitudc for specific subjecis. The fact thai th¢s¢ variatlOll5 did Dot imp¢d¢ all 51ud¢nis' pri)8ress to ¢ollege is a posiiive indicaior ofthe sch(x)I's ¢tT¢¢li¥en¢ss in suptK)rtin8 and 8uidin8 Students. The successfvl transitions to college placements demonstrate that the school adequately prepwrd students for ihe next sta8e of their educational journey. This Preparation included.. - Acad¢mic Instru¢tion.' Rigorous ac8detnic programs to ensure students are well-prepared for further cducalion. College Applicaiion Guidance.. Support with th¢ wllege application pft)cess, including essay WTltin& pe]50nal ststem¢nts and d¢adlines. . Career Counselling.. Guidance on ¢are¢r paihs and exploration of wtential majors. - Other R¢souTces: A¢c¢ss to resources such a5 51andardi5ed iesi prepalOn, college fairs. and meniorship programs. Equipment The sch11 has experienced an incTe8s¢d demand for as515tive technology. such as reading pens and lapiops, 10 5UPPOrt stud¢nts with splfIe leaming difficulties. To rneel thi5 growing n¢¢d, th¢ school will ¢ontinue investing in new technologj. to ensure Students have the t(K)Is necessary to ach)e their full p)¢eniial. Page 3
The Knowl Hlll Foundatlon Report of the TTU5tee5 For'fhe l eAr Ended 31 JulTr 2024 Thi5 inve5ttnent in assistivc technology aligns with the schLX)I's commirmeni ¢0 providing a supportive and inclusive learning envimnmeni for All studenis. B), equipping $iud¢nts with the appropriate technology, th¢ s¢h(x)l ¢an help them overcome challenges and achieve their educational g]$. Building5 The s¢h(x)l is committed to mainthining the physical condition of lis buildings ihrough regular repaijs, mainienanee, ond improveThen15. This includes ongoing re-decoration and a Scheduled maintenance program. While the school cannot expand its size due plannin8 reslriciions. it will coniinue io explore ways 10 opiimise lis exisiing space. This may involve ¢hanges 10 ihe infrasituciure of Ihe school buildings io improve effiLien¢y and ¢Teate a more conducive learnin¥ environmeni. By in%'esiing in the upkeep of ils buildin85. th¢ sch1 is ¢nsurins a safe. eornfortable. and fimalon learning environmeni for lis siudents and siaff. GRANTMAlklNC Communit) Ln%A%ement And PArtntrshtP5 Whil¢ ihe charity dixs noi have a fomial ¥rant-makin¥ policy beyond bursaries. li actively en¥&se5 wilh local state s¢hools to shor¢ cxpertise aiid best practlC¢5. Thi5 inLlude5'. TeacheTIL¢cturer Visits.. Faciliia¢ing visits by tcachers from local sta¢¢ h0O15 to observe the school's srttialised teaching rneiliiidq and approaclies. Univ¢T5it>' Research.. C'ollaknrAiinB with universit), departments on research projects and c&5e studies rela¢¢d lo dyslexia and speLili¢ Icamin¥ dilCul¢l¢s. The charity receives copies of these rewns to infomi ils own iea¢hing and learning practices. These partnerships coniribu¢e lo Ihe charity's mission by rnisin8 awareness of dyslexia and specific learning ditTiculties wiihin Ihe wider education Lommunity and shArin8 vRluable knowledge and insights. CHARITABI.F AC-TII'ITITr:S Comrnunity In%'ol%tmenl and ("h4ritable C.Ivlng As in pre%'iou5 Jear5. Ihl sih(x)I hll5 iiilllinued its commitment to supprtirtg variou5 national local charities and or¥8nisalions. These efforts conlribu¢e ¢0 the school's broader mission of f051erin8 a Sense of swial responsibility and community en8a8emenl. Coiiiiiiuiiiiy lTrunii¥r¥liips'. TJi¢ ¥harlt)' wniinu¢d Iv fuillr pann¢rships with luLal OT¥anisaiions And initiailves. These collaix)raiions hAve allowed the charity to provide expertise or p8nlCtpale in wmmunity events. Volunteer Pro¥rams.' The school h&s eneourd¥ed siudenis and stsfy 10 pani¥ipaie in wolunteeT pro8fdms. ¢oniTibuiin8 their lime ènd skills to wArious iommunity projerls. These aclivilie5 ha%'e fosi¢r¢d o sense of civic resw>n5ibility and helped lo slrengihen the charity's conneciion io the local community. ('ommunil>-B8s¢d Initiaiiv¢s.' The charli> has launched or supported community-based initiatives, These initiative5 h8v¢ addressed 5pe¢ifJ¢ needs or ¢h4llen¥e5 %lIhIn the community. demon51T&lin8 the ¢hariiy's commitment to %)cial impact. By en8agin8 in charitable 8ivÉn8 and wmmunity involvemeni, the school demonstrates ils dedItIOn io positively impading society and promoiin¥ a culture of service and compassion. FINANC-IAI, REI'IEII, Fln#nci81 p051tion The results for ihe y¢ar are shown in the attached Statern¢nt of Financial Adivities. Income IncrSed from £l,()63,063 in ?013 to £1,818,719. Expenditure inere&sed fn)m £1,569,651 10 £1.690.30? after depwiaiion of £38.203 19023.. £48.6051. There were net incoming resources of £128.417 this year compared to £63.412 l&sl year. Totsl funds carried foTh%ard have increased 10 £1.124.6381?073.' £996.2•11. The policy of th¢ %h(N)l is io ensure we have funds availabl¢ befort ony major expenditure 15 incurred. PrIncI1 furtding 50urres Principal fundin¢ arises fri)m S¢hcM)l F¢e5 collected each Term. InTre5trnent policy Hnd objeclives The School'5 rnajor inve51meni is in the Land and BlIding$ of ihe Sch(x)l and ID its Tegular upkeep. Pag¢ 4
The Kno1 Ilill FoundAtion Report of the-l'ruslees For The I'eAr Lnded 31 Jul) 2024 FINAYC.IAL REN'IEI Reserve5 polie) The "Iruslees review ihe financial reports al each bi-rnonihl), Meeting to ensure sufficient reserves are mainthincd for the need5 of the day io da> wnning of the School. An) surpluses are reiained 1th1n the Charity and utilised for School puryx)ses. It is considered desirable io try io aim io relain %7L1ent Lash reserwes lo cover ai lea51 one term's expenditure. Ai .31st July ?074 unre51ricted funds. excludinb fixed assffls, ere £319.000 Compared io on¢ l¢mis expenditure of approximai¢ly £563.000. Market N'Alue of Frtehold Property A coNenani exisis on lh¢ land on whiLh the school Te5id¢5. which siales li may onl> be used for educational purposes. The Irusiees do not therefore consider it pra¢ii¢abl¢ 10 esiablish wheiher ihere is a signifiLani dityerence beiween ihe mark¢1 value and ixx)k value of the freehold property. FIITIIRE DEI'EI.OPMENTS Srhool Expansion Prowed Exponslon Knom'l Hill Special Cducalional Needs SchLX)I plans io ¢xpand lis operaiions by op¢ninb a s¢¢ond Lampu5 to accommodate up 10 60 4ludent%, A suitable 5ch(K)1 Sile has been ideiilified in nearby Eli51ey and ihe pur¢ha%e of the property was compleled in July ?0?4. Refurbishments are underway and the s¢hiK)I will open in September ?O?l. 14AI and Flninel#l C'onslderlilorts restrictive ¢ov¢nanl had been placed on ihe schth)I's land, siipulaiinky lis use for edu¢a¢ional purposes only. To faLililAte the expansion. 5urveyor5 have been enbyag7ed 10 &s5ess the propert>', an architect ha5 been sIbled 10 reconfigure the space, J loan ha5 b¢¢n 5wur¢d from a ihird party. and l¢bal and ac¢ountinbT advice ha5 been obtained. Rationale for Expansion The expansion of Knowl Ilill Special Ldu¢alion81 Nc¢ds SLh(x)l alibTns with ihe tsTrowinbT need for 5pecialised education and support for childr¢n Hnd youn¥ pwpl¢ faciTh¥ specific leaming diifiLultics arsd anxicl> disorder5. Focus of the Seconil C'#mpts5 The new canipus will focu8 on off¢rin8 g wmpreh¢n5ive, wordinated approach to reinlegratin8 children and young people Struling wilh schix)I phi)bia. The Kh(x)I will provide a SUP}n1¥¢ and nurturing ¢nviTonmenl that enable5 students to access a Sensory and Iherapeuiic school curriculum. includin¥ life ski115 Irainin¥. This expansion will allow Ihe 5chwl lo reach a broader ran¥c of 51udentS And providv them with the specialised care and edueaiion Yequit¢d to $u¢¢¢¢d. TEACHING & CIIRRICIILIIM FIITIIRE DEVEl.0P1ETS External courses for st8tYfor the year in¢luded.. Two 51aff members compleied their L5 Dyslexia Diploma with Dyslexia Action. Two sialymembers ar¥ compleiing iheir se¢i)nd year of Farly Career T¢achingk IECTI On¢ m¢rnber ot'ststY¢ompleicd (he Foresi School Training. One staff member 15 compleling the LS Dy51exia Diploma thiih Dyslexia Action. All staff receii'ed 5afebJuardinb) Awareness training on INSET day by a safeguarding Consultant. All staff ee1Ved GDPR training. All staff Teceived Health & Safety trainin8. Therapists are also attended courses in 5ensoTh Inieg?raiion. Iniernal irainin¥.' Siaff Iraining ¢on¢inu¢d on 11 ednesday afiemoon5 on subjects including.. Trdining on dyslexia. Developmental Language Delay IDL Dl. 5ensory' preSSing ditri¢uliies. attention diffjculties. Auditory Pnxessing Disorder IAPDI and Developrnenthl COrdination Di50Td¢r. STRIICTI'RE.C.nl'FRf*AYCE AND 1AAc.EmENT Governin% docurnent The charity is eonirolled by its governing docurnent, a deed of trust, and cortstitutes a limited cornpany, limited by guarantee. &s defined by th¢ Cofflpanies Ad 2006. Page S
The Knowl Hill Found*ilon Report of the Trustee5 For The I'eAr Ended 31 Julv 2024 STRL,CTIIRE. GO%,ERNAcE AD MANAGEIEyT Orggni58tion Da)-Io-DA>' ManA%ernent The day-10-day managremeni of ihe charity is delegaied io the headmasier by ihe trnstees. This apIntment aligns with the Lharity's governance 51ru¢iure and ensures thai the heAdma5ter has the necessary authority to overse¢ the Kh(x)I's operaiions. Trustee ]eetIngS The truslees rneel twice per lem Teview the ¢harity'5 p¢rfoThnan¢e and PTogr¢55. These meetings are attended by the headmaster and a statTrepresentative. The following reports are presented to the tNstees ai each meerin8.' Headmasier's Re5x)rl.. Provide5 an overview of the schix)I's academic, pastornl. and extrdcurri¢ulgr tIvITIeS. as well as any significant developments or challeng¢5. Offic¢ Manager's Rewn.. This r¢)x)r¢ dfflails the s¢hth)I's admini$irnii%e funciions. including health and safety and propety mana&Temeni. 14R Rew)n.. This rew)n summari5es the School's human resources activilies. including recnkiimeni, sthtT development. and perfomi&nce manabyement. SiafT Representaiivc's Rep)n.' Provides feedback flom The statT on issue$ affectin their workin8 conditions and morale. Saf¢b?uarding Rewn.. This repon addresses Ihe hl,$ safeguarding policies and procedures, ensurin8 th¢ 58f¢ty and w¢ll-b¢ing of siudenls and slaff. In addition lo these regular meetings. th¢ twst¢¢5 also meet with the headma5teT io dIU$S deiAiled specifie fingn¢i41 matter5. such as,. School Finances.. Review5 the eharitv's financial perforniance. includin8 income. expenditure. and reserves. Cupitsl [.X17dItur¢s.. DisiU55es plllnncd invcsimeni& in lh¢ school's Lnfrasiruciur¢, ¢quipmeni. or faciliiies. Future tkvelopments.. Fxplores )len(lA1 future projects or inilialive5 thai aliyn with the charity's strdiegic objectives. This ¥ovemance 51ruclure en5ure5 that ihe trustees are aciively involved in overseein¥ the ¢hArity'5 opcration5 and m#kirt8 Lnformed deci5ion5 about it5 future dir¢dion. Trustet Recruitment Induction Proress 711¢ ihurily'5 IruslcL' rrUItnIrnt pr(Kr55 aims 10 idiniify indiwiduals wilh Ihe neLessary ski115 and ¢xperience io contribute efTe¢iively lo the knard'5 governantt. The E¥)ard h&5 Tw¢ntly recruited a twsiee with general man88¢menl experience from a commercial environment and will finalise the appointment of 8 new trusiee with A financial services background. To provide a comprehensive understanding of ihe charity'5 operations and 8overnance. potential trustees are provided wilh th¢ following inlomiation.. Annuol Reports and Accounts.. These docurnenls offer insi8hts into the ¢harity's finanrial perforrnance. E¢iiviiies. and 5trate8ic direction. Gov¢ming Trust Deed.. The tTus¢ deed outlines the Charity's legal fTamewoTk. including its tx)wers. duties. and resw)nsibiliiies. Charity Commi5sion'5 Guidance.. Th¢ Chariry Commission's guidance. The E55elltial Tnle¢. provides e55ential inforniation on tru5tee5' roles. re5ponsibiliiies, and legal obligations. Once a potenlial trustee h&s reviewed this information. the) are invited lo attend a regular board m¢eting to meet existin8 trU51ee5 and gain firsihand experience of ih¢ ¢harity'5 0r(lon5. During this meetin¥. the prosp¢ctiv¢ trustee h&$ the opportunity, lo ask quesiions, discuss their tential contributions. and assess their suitability for the role. If there are no objections from eith¢r the existing trustecs or the tentIal trustee. a fomial tnvi¢aiion to joiii the Ix)ard is extended. The aptx)intment is conditional urx>n the completion of an). necessary due diligence and the ¢¢¢ of the role. To ensure that all trustees are fully informed of iheir reswnsibilities, the charity require5 new trustees to read the relevani Charity Commission ¥uidelines. Th¢% guid¢lin¢5 clearl) outline the legal and ethical obli8ations of $TeC5. in¢luding ih¢ir fiduciary duiies. ¢onfli¢i of interesi management. and dwisiop-making PTOCeSSeS. Page 6
The Knowl Mill FoundAtion Report of the Trustee5 For The )'ear F.nded 31 July 2024 RFFF.RFNC£ AlD ADlIlsTIL4TjN'E DETAILS Auditors Fuller Spurlin8 Siaiuiory Auditor5 Mill House 58 Guildford Sireel Chertsey Surr¢y KT16 9BE Banker5 HSBC plc 6 commeIal Way I'okifig SuTrey GU1 IEZ STATEMFfTOFTRIISTFFS' RTr:SPOYSIBII.ITIF.S The irusiec$ 1%4ho are alw IhL dircLI()N i)I' Th¢ kni).1 Ilill Foundaiion for ihe purrK)ses of wmpany lawl are responsible for preparins the Report of the I'ru51ee5 and the financial stalernen15 in accordance with applicable law and United Kin¥dom AcLouniin¥ Standards IlJniied Kingdi)m CJ¢ncrally Aicepi¢d Ac¢ouniing PrA¢ii¢el. Company law requires the tru51ees io prepare finan¢ial stalemenis for each financial year which biive R true and fair view of the stAie of aflaiT4 of the ChariiublL Ll)mpany and ()f the inloming resour¢es and appliiaiion of r¢souNs. in¢ludin the incorne and expenditure. of the chaTi¢ablc company for that period. In prepthring thL¢ financial statements, the irusiees are required 10 selt suitable a¢¢ounling polici¢5 and then llppl>' them consist¢nily.' observ¢ the m¢ihods and principl¢s in ihe Chariiy S()RP. make juduements and estimates that are reasonable and PTudenl: prepare the financial sthiemenis on the going concern basis unless il is inappTopriate to presume that the charitable company will con¢inue in business. The irusiees are responsible for k¢¢ping prop¢r untIn¥ reeord5 which diselose with re&8onable accurncy at any lime the financial psltion of the LhariiAble c()nipany and to enable Ihem 10 ensure IhAI the finanLial staiements wmply wilh the Conipanies Acl ?006. 1'h¢y are 8150 re5Fxin5ible for sAt¢guardin¥ th¢ &ss¢ts ofthe ¢hariiable company and hence for rakin8 rYa5unablc &icps for th¢ prevciiiitrii 4Lnd del110 of fraud an¢J oihcr irTe¥ularilie5. In so far as the irusiees aware.. there is no relevant audii InfOallon of which the charitable COTnpany's auditors are unaware.. and Ihe irusiees have iaken all sieps that the>. ought to have taken to make themselves aware of any relevant audii inforniation and to establish that the auditor5 are aware of ihot infomialion. AIIDITC)RS The aud2tor5, Fuller Spurlin8* will be proposed for re-apw)inim¢nt at ihc forthcomins Annual General Meeting. Approved by order of the Ixwd of trnstees on.... d signed on its behalf by.. Trustee Page 8
The linowl Hill Foundtion Report of the Trustees For The l'ear Ended 31 Jul), 2024 STRIICTLIRE.GO%'ERYANCE AD MANAGEMEYT Trustee Rectwitment And Induction Proce$$ By following this slruclured recruitment and induciion process. Ihe Charit) aims ¢0 aiiraci and retain qualified tNstees who are committed ¢0 ils missitsn and capable ofpToviding effeaive biovemance. Risk id¢ntiflcitlon ind manfjgernent The trnstees have a fiduciary du io ideniify and assess the risks facing the iharily and iniplerntnl appropriate controls to mitigate those risks. This in¢ludes safeguArding the charity 5 &S5et5. ensuring cornpliance wilh l¢g81 and regulaiory requirements. and protecting the interests of b¢n¢fi¢iaries. MJor Rlsk Identlll¢iion The irusiees have conducted a thorough Tisk assessmeni and identified ihe loss of Sludenls th¢ rnosl significani risk io th¢ ¢hariiy's financial 5UStainability. A decline in siud¢ni numbejs could reduce income and tentIallY necessitate staff cuts. To address this risk, Ihe irusiees have established a minirnum siudenl enrolm¢ni ihreshold necessary io cover the charity's overhead costs. In$urAnce C-overH%t The school mainiains adequate insuranee co%'eTage to prol¢d abiainst various risks, inLluding public liability. Thi5 insurance is reviewed annually lo en5ur¢ li remains appropriaie and surriLieni. Sch] Trip Risk Assessments The headrnasier and the educational visits coordinator are re5ponsibl¢ for conducling risk assessments for all school trips. Thes¢ assessmenis are reviewed throubh ihe Evolve 5)stem and bj. a trusiee wilh ¢¥perience in risk mana8¢m¢n¢. This dual review presS helps ¢0 ensure (hai appropriate measures are in place lo safebTuard siudenis on irips. S•fegugrdini ind E.SAfety A trustee attends safeguarding meetings each tem ¢0 review ihe schwl's safeguarding policies and PrdUr¢s. These meetings involv¢ the desiunaied 5afebTuardinb lead and ihe e-safcty represeniaiive. This over5ibihi helps en5YTe ihat ihe sch(x)I complies with saf¢guarding regiulaiions and tskes proactive steps io proiL'¢l siudenis from hami. B>. implementing these risk management me&%ure5. the trustees are demonstrating their conimilmenl to swfeguarding the ¢h#rity's H5%ets. proieciin¥ the interests nf eri¢larIC5. and ensurinx the schMI's Ii)ng-iem) 5u51ainability. REFERENCE AND ADMIYI Is'fRATIV'E DETAILS Registered Compon>. numbpr 02274166 IEngland ld Il'alesl ReRister¢d Chrlty number 299690 Registered office Schwl Lane Pirbri¥h¢ Surrey GU74 OJN Trustees Jccwke K Rowland-t)oyle Iresigned 10.10.231 A M Rhodes E M Spcncer K Govender RKLaw J Boiham (appointed ?3.10 ?41 N A Le8gett lapp)inted 24.10 ?41 Comp•ny Secretary A M Rhodes Pag¢ 7
Report of th¢ Independeni.luditor fo the Member5 of The l&nowl Hill Foundaiion Opinion e hal'e audited the financial statements of The Knowl Hill Foundation Ithe charitable con)pan)'I for the year ended 31 July ?0?4 which Comprise Ihe Siaiement of Financial Aciivilies. the Balance Sh¢ei, Ihe Cash Flow Staiemeni and ote5 to the finan¢ial sthiemenis, includinbT a sumniary of 5ibJnifi¢ani acwunting policies. The financial rewrtin frame.OrK" that has b¢¢n applied in their preparation is appli¢8bl¢ law and Lni¢ed Kingdom Accounting Standards (Lniid Kingdom Generally AcLepied A¢¢ounling Practice). In our opinion the financial 5taiernenis'. ive a true and fair view of the SLiie of ihe rhari¢abl¢ cojnpany's affairs &s al 31 July 0•4 and of its incomin8 resources and application of resources. in¢ludinb> ils incc)me and t¥nditUre. for Ihe year then ended.. have been properly pr¢p4r¢d in accordance with L'niied Kin8dom GenLrall> ,Aii¢pi¢d Ai¢ouniing Prn¢ti¢e: and hav¢ been prepared in acciirdance with ihe r¢quiremenis of ihe Companies Act ?006. Basis for opinion I'e cunducled our audii in acwrdance with Iniemational Siandards on Auditing IUKI IISAS IL',Kll and appli¢abl¢ law. Our resFx)nsibiliti¢s llndeT those siandards are further desLribed in the Auditors, r¢stK)nsibiliiics for th¢ gudil of th¢ financial siaieTllen15 sedion of our rcp)n. We are independent ofihe charilable coinpany in aLcurdan¢e with the eihical requirements that are relevant lo our 8udil of ihe linancial siaicmcnis in the UK. including) Ihe FRC'S F.Ihical SiandArd, and we have fulfilled our oiher vthilal r¢spL)nsibiliiies in accordance wilh these requireinenls. I,¢ beli¢v¢ thai the audit evidcnce we have obtained is sutTi¢i¢n¢ and apprÉ)priaie pmvide a bAsis for our (Ipini()n. Concluslon5 relating to ffoiDR eoncern In audiiinb th¢ finanLial 51aten)enis. we have concluded thai ih¢ trustees, use of ihe going concern basis of COuntIng in the preparation of Ihe financial stsi¢m¢nis is appropriate. Ba on the work we have perfomied. we have noi identified any maierial un¢¢rtainiies r¢181in& 10 ¢venis OT ¢ondiiioiis that. individually or colleLiively, maj ca51 significant doubt on the charitable cornpany's ability lo continue &s a 8Olllb con¢eM for a period of at least twelve months from wh¢n ihe financial stsi¢menis are auihorised for issue. Our resrK)n$ibilities and ¢h¢ re5ponsibili¢ies of ihe trustees wilh respect 10 80ing concern are described in the levant sections of this rert. Other infomiitlon Th¢ tnjsiees are S$x>nsib1t for lh¢ other infonnatioii. The other infornialion comprises the infom)ation included in ihe Annual Re¥x>rt. oiher than the financial 51atemenis and our Rewn of Ihe Independeni Audiiors iheTeon. Our opinÉon on the financial sthiemenis does noi cover ¢he oiher inforn)aiion and. excew to the exieni oiheTwise explicitly 51ated in our report, we do noi express an) fomi of assurdnce conclusion ihereon. In connection with our audit of the financial sta*menis. our reswnsibility is io read the o¢her inf0mlon and, in doing 80. consider knh¢th¢r thc oih¢r inforrnalion 15 rnaleriall) incon5151enl with Ihc financial stalenienls or our knowled¥¢ obtained in the audil or othernvi5e appear5 to be materially mi55taled. Ir we identify. such material in¢onsi51encies or apparent maierial misstaiements. we are required io deiemiine hthher ihis gives rise lo a maiLrial mis51alcnieni in th¢ rinancial 51alenienis themselves. If. b&sed on the work wc have perfornied. we conclude that Ihcrc 15 a material misstsi¢m¢nl ofihis oiher informaiion. we are qUired lil rew)n Ihai fa¢1. We have noihinb li) report in Ihis resard. Oplnlons ort other rnatter5 prewribed b) the C-ompanie5 Jlct 21H)6 In CIUT l)pinii)n. based i)n the M'ork" undertaken in ihe ci)utse ot'ihe audi¢.. the inforniaiion given in the Rery)n of Ihe TTUStees for ihe financial year for which the financial statements ore pryred is consistent 1th ihe financial siatemenls: and the Report of the Trus¢ees b¢en pr¢p8red in a¢cordance with applicable lesal requirements. Page 9
Report ofthe Independent Auditors to the MeThbers of The knowl Hill Foundation MAtters on which we are requir¢d to rewbrt b>. ¢x¢eption In ihe light of the knowledge and undersiandins of the charitsble cornpany and its environment obtained in the COU of the audit. we have not identified rnaterial tni55talement5 in the Rewrt of the Trustees. We have nothing to rew)rt in Te5pect of the following matter5 where the Companies Act ?006 requires us to rew>rt to you if. in our opinion.. adequaie a¥¢otsniing records have no¢ been kept or rdums odequaie for our audit have noi been received from branch¢s not visited by us: OT the financial staiements are noi in agreement thiih the accouniing rectsrds and retums: or cemain disclosures of irnsiees, remuneration specified by law are noi made,. or we have not recei%ed all the infomialion and explanations we require for our audit.. or the tNstees were not entitled to lake advantase of the small companie5 exemption from th¢ r¢quir¢ment to prepaTe a StrAie¥iL Rewrt or in preparin lh¢ Report of the Trustees. Responslbilities of trustees As explained rnore full%, in Ihe Statement of Trusttts. Reswnsibilitie5. the In15¢ee5 Iwho are a150 th¢ direcr5 of the horitable compan) for the puty)ses of wmpany lawl are reswnsible for ihe preparniion of ihe financial statements and for bein¥ SlllisfiLd ihal ihc), Bive a true and fair view, And for such internal control a5 the tru51ee5 dfflennine is n¢ttssary to enable the preparation of fjnaneial Statements that ar¢ fre¢ from m&terial misststement. Mh¢ther due w fraud or error. In preparing the financial sthiemenis, Ihe ¢rusiees are responsible for assessing the charitable company's ability to ntinue &s a going concern. disclosing. &s applicable. matters related io going concern and using the goin8 concem blS of 4¢wuniing unl¢ss ihe irusiees eiiher iniend 10 liquidaie ihe charitsble wmpany or to cease operdlions. or have no realistic altemaiive but to do $0. Our rejponslbllities for the fiudl¢ of th¢ flngn¢lo1 st4t¢rnent$ OUT objectives are to obtsin reasonable &ssuran¢¢ whether th¢ financial s¢aiemenis As a whole are free from material Inissthiemciii. wheiher due 10 fraud or em)r. &nd 10 issu¢ a R¢wrt of the Ind¢p¢ndeni Auditors that includcs oyr opinion. Reasonable assurnnce is a hi8h level of &ssurdn¢e. bui is noi a biuarJnl¢¢ thai an audit conducted in ac¢oTdanee with ISAS IUKI will always deie¢i g maierial misstaiemeni when it exisi$. Mis$iat¢men15 can arise fn)m frnud or error and are considered malcrial if. individually OT Ln ihe 8re&te. they Could reas()nably be expectcd lo influence the economi¢ decisions of users taken on the basis of these financial stalemenls. The extent to which our PTo¢edur¢s gre capable of dffleciing itTegularities. including frftud is deikiled b¢low'. We obtaincd an undcr51andin¥ of th¢ l¢go1 and Tegulaiory frameworks thai are applicable io the Charitable Company and ddermined thai ihe most significant are those that relalc lo th¢ Chariiics Acl ?01 l and Ch&riiies SORP &s they diT¢CtIy impa¢l way ¢h¢ enli¢>' ¢ondu¢ts lis alTairs and presents infonnaiion in it5 financial staternents. We assessed the risks of material misstsiemeni in r¢5P¢Ct of fraud by making enquiries of mana¥emeni and Ih05e charged wilh ¥i)vernance. The audit team discu55ed and identified particular areas that M'ere susceptible missthiement as part of their fraud discussion. Bascd on th¢ results of gur Tisk assessment we designed our audit prtK¢duTe5 to identify non•mplIancc with such law5 and re¥ulations identified abo%'e and made enquiries of mana8emeni and those Charged wi¢h governance. We eorroboTated our enquiries through the review of appropriat¢ documentation. We did not find any contradictory evidence. We considered the risk of fraud through management override and in response w¢ tncorpoTaled testing of manuw] journal entries. trx)th durinB the year and at year end. inio our audit approach. Based on the re$ult5 of our risk assessment w¢ designed our audit prOcUreS to identify and address material misstatement5 in relHlion to fraud in relglion to Ihc possibility of frnudulertt or corrupt paym¢n¢s given the 5Lze of the entity and the limiiation on ihe segrtgaiion of¢¢tiain dut1¢5 W¢ in¢orForaied an element of UnpdIctab]I1ty in the selection of the natur¢. liming and ¢xteni of our audit ptt)cedures. A further description of our 5nsibilitieS for the audit of the financial siaiemenis is located on the Financial RenIng Council'5 website al w.fr¢.0rg.Ukn8dlIOrSr¢Slx7lIsibil1lies. This descripiion fomis part of our R¢w)rt of the Independeni Audiiors. Pa8e 10
Report of ihe Independent.4uditor5 to the MembeT5 of The Hill Fouthd4lio l.'5e of our report This report is made 501el} to the charitable compan>'s members, as a body, in a¢¢ordance with Chapier .1 of Part 16 of the Cotnpanies A¢1 ?006. Our audit work has been undertaken so that w¢ mighi siaie io ihe charithble Lompany's members those niatters we ar¢ required io stale to theTll in an auditor5, report and for no oiher purpose. To the full¢si ¢xi¢n¢ p¢miitt¢d b) law. we do noi aci¢pi or a55Utn¢ rcspons1bili. lo an)one other than Ihe ¢haritable company dnd the Charlble coFnpany's members as a kndy. for our audit w'ork. for this r¢wn. or for the opinions 'e have formed. Mark Harvey (Senior Sth¢uiory Auditor) for and on bchaifof Fuller Spurling Siatuior> Audiiors Mill House 58 Guildford Sireei Chertsey Surrey KT169BE Pagell
The Knowl Hill Foundation Stalement of Financial .4ctiiities {IncorporAting gn Income And Expenditure Aeeount) For The Year Ended 31 July 2024 31.7.24 Total funds 31.7.23 Total funds Unre5tTiCted funds Restricted funds Notes IliCOME AND EYDOII'MENTS FROM lJ)nalions and lega¢ies 85,629 85,629 12.670 Ch4ritiblt #oivittes School fees 1.710.110 1,710.110 1.609.580 Investment incom¢ 22,980 22,980 10.813 Total 1,818.719 1.818.719 1.633,063 EXPENDITLRE ON Charitable activitie5 School expenditure 1.6(A).206 1,690.302 1,569,651 ISET INCOMLI(EXPENDITIIRE) 128.513 1961 128,417 63.412 RECONCILIATION OF FL,NDS Totsl fijnds brought forward 995.801 420 996,221 932.809 TOTAL FUYDS CARRIED FORW'ARD 324 1.1 ?4.638 996,221 The notes fonn part olihese fEnancial statements Page 12
The Knowl Hill Foundation Balante Sheet 31 Jvl) 2014 Unresiricied funds Restricied fund5 Total funds Total fund5 Notes FIXF.D.4SSETS Tangible assets 12 805,660 170 805,830 156,354 cl1RRE ASSETS Stocks Debtors Cash ai bank and in hand 13 14 3.000 79,790 1,039.404 3,000 9.5.875 89f,979 79.790 1.039,250 154 1.122.040 154 1,1?? 194 994,854 CREDITORS Amounts falling due within one vear 15 1 154,2881 1154,2881 1154,9871 NET CURRENT ASSETS 967,752 154 967,IX>6 839.867 TOTAL ASSETS LESS CURRENT LIABILITIES ,77J.41) 324 1,773,736 996.221 CREDITORS Amounts falling due after more than one year 16 1649.0981 1649,098 NET ASSETS 1.124,314 1.1?4,638 996.221 FIINDS Unrestricted funds Restricted funds 1.124.314 i24 995.801 4?0 TOTAL FLYDS 1.124,638 996.221 These financial statements have been prepared in accordance with the provisions applicable to charitable cornpanies subjeci to the small ¢om]Mnies rygime. The financial 5tateTnents were approved by the Board of Trusiees and auihorised for issue a-. Xa-..Jo and were signed on it5 behalfby.. on K Govender- Trustee Th¢ notes fomi part of th¢se financial stai¢tnenis Page 13
The Knowl Hill Foundation CA$h Flow St#tement For The l'ear End¢d 31 Juli 2024 31.7.24 31.7.23 Noies Cash Ilows from oper9tiDg a¢tivities Cash bi¢neraied from operaiions Inieresl paid 105,886 134,685 Ne¢ cash PTovided by operdtirtu activities 94,215 134,685 CAsh flows from inwestln2 ACtivltie5 Purchase of ianb)ible li¥ed asseis Inte$1 received 1687.6791 18.980 14.9391 10.813 Nei cash (used inllprovided by investing activities 1668.6991 5.874 Cash llows from financing aetiviti New loans in ycar Loan repaymenis in >ear 720.000 Nel ¢h provided by financin8 Ac¢iviiies 717.909 Chan%¢ in ¢Msh and eosh equlvAlents In Ihc repDrtlNK l)trlod Cash and ¢h%h equliAleni$ li the beRinninK of the rertIn Ptrlod 143.425 140.559 895.979 753.420 Cgsh and ¢ah equli•lent$ Al the end or ¢h¢ r¢w)rting period 1.039.404 895.979 The notes fomi part of these financial siaiemenis Page 14
Th¢ Knowl Hill Foundation iYote5 to the Cash Flow StateMent For-l'he l'ear Ended 31 Jul). 2024 RECONCILIATION OF ET INCOlE TO YET CASH FLOW FROM OPERATIYG Acri.1T1ES 11.7.•4 31.7.•3 Nei in¢orne for the reporting period las ptr the Sixtement of Fin•rtril Actil'itiesl Adju$tmeNt5 for: Depreciation ¢haT¥ies Interest Teceived Intere51 paid Decrease in debiors Decrease irt credito 1?8.417 63.41? 48,605 110.8131 118.9801 16.08.5 169,5091 176,750 1143,269 Net Cgsh provided by oper9tions 105,886 134.68.5 AfALYSISOFCHANGES IN IIET FIIYDS At 1.8.?3 Cash flow Ai 31.7.24 Net C95h Cash at bank and in hand 895.979 143.425 1,039,404 895,979 143,4?5 1.039.404 Debt Debt5 falling due within l year Debts falling due after l year 168.8101 1649.0981 168,8101 1649.0981 1717.9081 1717,9081 Totsl 895.979 1574,4831 Th¢ notes forni part of these financial statements Pag¢ IS
The Knowl Ilill Foundatio rote5 to the Financial Statements For The ) ear Ended 31 Jul) 2024 ACCOUNTING POLICIES Basis of preparing the financigl stfitements The finan¥ial 51at¢rn¢nt5 1)f the Lharitabl¢ Company. which is 8 public benefLt ¢niiry under FRS 102. have been prepared in aLcordance wiih the Chariiies SORP (FR5 1011 '.4ccounting and Reporting by Chariiies- Ststemeni of Recommended PrdLlice applicable to LhaTilies preparing iheir accounis in accordance with the Financial RerK>rting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20151,. Financial Reporting Standard 10? 'The FinanLial Rewning Siandard applicable in ¢he UK and Republic of Ireland,. the Chariiie5 Act ?01 l and the Co]npanies Aci ?006. Asgels and liabilities are initially recognised at historical cosi or ironsaciion volue unless otherwise sthted itt the rel¢vanl aceounling policy notes. In¢orn¢ All income 15 r¢wgni5ed in the Stsi¢m¢ni of Financial Activit1¢5 on¢¢ th¢ ¢harity enlitlement to the funds, it is pn)bable thai Ihe income will be received and the amount can be measured reliably. School fees are stsled inclusive of reimbursed ir8v¢l. s¢hool trips. exam fe¢5 and oiheT Costs. Amounts invoiced in adv1¢¢ are iarried forward io the relevani &Lcountin¥ period. DonAtions and Brnn15 are acwunted for when rw¢iv¢d Expenditure Liabilitie5 are recognised Ls expenditure as soon &$ there is a le1 or construdive obligation cornmittin8 the eharily lo that e¥penditUTe. il is probable that a transfer of economiL benef21s will required in settlement and the amouni of Ihe L)bligaiion can be measured Teliabl>. E¥penditure is accounied for on an ¢ral5 basis and has been LIabsifi undcr hcadin¥s that a¥gre¥al¢ all L051 rLl&ird iv Ihc catcOry. Wli¢r¢ w$is ¢annoi be directly ai¢ribuied panicular headin¥s Ihey hove been all(Kaled to activities on a b&sis wnsisleni with the use of resources. C'hfiritAble fictiwiti¢S Chariuble acli%iiies inLlude e¥penditUTe la1¢d wilh the operaiion of the school and include both the dire cos¢s and supw)rt wsts relaiing 10 these activities. Gov¢rnn¢¢ eosts Govemance costs include Ih05e inciirred in the governon¢¢ of ihe ¢hori¢y And its assets and are primarily a550cialed with con51ilutional and Statutory requiremenis. .4IIo¢AtiOll And Apportionmenl of costs Siipwrt include i¢ntral fuiiciions and have bttn all(Kaied 10 activity Cost categories on a basis con515tent with the u5¢ of Te50urces. e.g.. allocatin¥ property costs b>. flix)r areas or per capila. staff costs by th¢ lime 5pcnt and other costs by their usag¢. IOD/o of overhead Costs have been attributed to 8overnance expendiiure. with 900/0 attributable lo Ihe chariiable aciiviiies of the Charity. TAngible fixed 89s¢ts Depreciatloll 15 provided 81 ihe following annual rates in order to write oif eh asse¢ over its estimated useful Frtthold prOrt}, Equipment &. furniture Moior ¥ehicle5 Computer equipment 50/0 on ¢osi ry/ on cost 250/0 on cosi 33% on Eost Fixed Assets are stated al C05t le55 ¢UmlaTed depreciaiion. The costs of minor additions or those costing below £l.000 are not ¢APltalis¢d. StoclLS Stocks are valud * th¢ 1gw¢r of cost and net realisable value. after making due allowance for obsol¢te and slow moving iierns. Page 16 continll¢d...
The Knowl Hill FoundAtion Note5 to the FinAn¢ig1 Stgtements- eonlinued Tror The I'efir Lnded JI Jul). 2024 ACCOIIYTINC POLICIES- ¢ontlnued TJx#tio Th¢ Charity is exempi from corrK)t3tion t&¥ on its charitsble aclivilies. Fund 9ccouniing Unresiricied funds can be used in a¢¢ordance with ihe charitable objeciives at the disLreiion of the trustees. tksibynaied funds 8r¢ sel pside by the trustees out of unTestriaed genernl funds for specific future purposes or project5. R¢styi¢ied funds Can only be used for particular resiri¢ied PUTfrt)ses within the objecis of the charity. Resiriciions arise when specified b>. the donor or wh¢n funds ar¢ raised for parti¢ular r¢51ri¢ied purtK>s¢s. Further explanation of the naiure and purp)se of each fund is included in the not 10 ihe finan¢ial sthi¢m¢nts. Pension cost5 and other post-retirernent bpnefitS The chariiable Liinipany operaies a delined LLiniribulion pension scheme. Coniribuiii)ns payable 10 ihe chari¢able company's pension scheme are charyed lo the Sta*meni of Financial Aciiviiie5 in the period 10 which they relate. Debtorg 'rrade and other debtors are r¢cognis¢d ai the settl¢m¢nl amovni due after gny trad¢ di%ount otTcred. Prepayments are valued at Ihe amount prepaid nei of an> tr4¢ dis¢ounis due. C15h At bank and in hHnd Cash 01 bank and ¢osh in hand includes Cash ai bank And in hand, and demand dep()siis wilh banks. C"reditors Crediiors and provisions are reLo&inised where (he Lharii). has a present ohligalion resuliing from a past event Ihai will probabl>, result in the transfer of fund5 10 a third party and the amount due li) settle lh¢ obli¥aiion Can be meLsllred or ¢%limaled reliabl>'. Creditor5 and provisions are nomially reco8nised at their settlemeni Amount after allowin8 for any trndc dis¢oun15 due. DONATIOYS AYD I.EC.AC'IES 31.7.24 Total funds Unrestricled Re5tri¢ted runds Total funds Donations INN"ESTMEiYT IYC.OME 31.7.24 31.7.23 Total funds UnTestricled funds Restricted fund5 funds Ren15 received Deposit 8c¢ount interest 4.000 18.980 18.980 10.813 22,980 22,980 10.813 Page 17 ¢oniinu¢d...
The Knowl Hill Foundaiion otes io the Fin#neiAI Siaiemeni$- coniinued For The l'ear Ended 31 JulTr 2024 lTr¥COME b"ROM CIIARITABLE ACTIVITlkS 31.7.24 31.7.23 A¢iivity School Fees and Reimbursed charges Sch(1 fees 1.609,580 CHARIT,IBLE ACTIVITIESC.OSTS Direct C(isis (see note 61 Support costs15ee note 71 Tota15 School expenditure 1 ?98.?76 391.026 1.690,302 DIREcf COSTS OF CIIARITABLE AcfiviTIES 31.7.24 31.7.23 Staff costs Edue81ional supplies School Trips DAII) travel cost ofpupils (hher overheads Bur50ry Awarded Compen5alion- loss of office tkpre¢igtion 1.195,947 19.386 ?3.860 12.596 12.303 1.103.794 20,775 23,698 25,441 13,899 20,( 43,235 34.184 1.298,?76 1.266,623 SIIPPORTCOS Overhead costs Governance ¢OSls Finance Totsls School expenditttr¢ 17? 871 207,484 392.026 Supwrt costs. included in th¢ a0Ve. are 45 follows.. OverheAd r0515 31.7.?4 School exndItUre 31.7.23 Tothl activili¢s Rtnts, Rates and Insuran¢¢ Light and heat Telephone Repairs and Renewals Compuier Expenses heT EXpenS 24,452 12,036 4,614 59,020 20.737 12.477 4.333 37,45 28.567 28.529 39,521 172.871 132.095 Page 18 coniinued...
The Hill Foundition Notes lo the Financial SIAtements- continued For Thc I'eyr Endtd JI July 2024 S('.PPORT COSTS- tonthnued GoTrerNance costs 31.7.24 School expendiiure Toial aciii'iii¢s Wages Social se¢uriiy Pensions Auditors. remuneraiion Auditors. remuneraiion for non audit work Renis. Raies and Insurance Lighi 2nd Heat Telephone Repairs and Renewals Compuier Fxpenses Other Expenses Ac¢i)uiiianry and leal fees tkprcciation (If tangible ftxed assets 119.747 110.?98 9.73_1 ?,890 7.800 4.5.16 ?.717 1.337 7,800 1.-186 481 6.5.$8 -1.174 -1.170 4.391 39.039 4.018 5,370 ?07,484 170.93.1 NET IliC'OMEIIEXPEYDITIIRL) Nei incom¢ll¢xp¢ndilurel is stai¢d after charlM(credItinBl'. 31.7.24 Auditors, remuneration Audiiors, remuneraiion for non audit work Depreciation. owned asseis 7,800 4,536 38,?O.A 7.800 48.60.S TRL1STEES' RLMI.'YERA'fioN AliD BLYLFITS k. Cinvend¢r is x memher nf the Bi)ard and milna¥inu direanT and is alqo a salaried memher i)f 4tAff which 1% in cordHnc¢ 1th the Memorandum and Articles of Association of the charity and approwed by the Charities Commi55ion. Ills salary pension nefit for the yeAr was £75.14]. Tru5tees' exp¢nsey There were no trustees, ¢xpens¢5 paid forthe year ¢[ed 31 July 2024 nor for the year ended 31 July •O•3. 10. srAFF COSTS 31.7.?4 31.7.23 Wages and salaries Social security costs Other pension costs Compensation for loss of office 1,197.470 10?.464 28,897 1.107979 97.?.78 2.5.994 20.000 1.3?8.831 1 ?46.301 Page 19 ¢on¢itJu¢d...
The Knowl Hill Foundation ote5 to the Financial Sigtements- continued Tror The I'egr Ended JI Julv 2024 STAFF COSTS- ¢ontinued The average mortthly nuTnber of employee5 durin8 the year w&s &s follow5.' 31.7.24 34 Jl.7.23 37 Teacher5 (Full and Part Timel Admin & Bursary Siaff Trusiees 50 51 Th¢ number of ¢mploy¢es whose mploytt benefiis (excluding employer pension costs) exettded £OO.000 was.. 31.7.24 31.7.23 £70.001 . £80,IX)o The key management pernonnel of the charity cornpri5e the trustees. the H¢adi¢a¢her. Ihe Business manager and Ihe lXx)kkeer, The total employee benef115 of th¢ key man88¢meni personnel of ihe Charity were £1116,670 12023.. £121.5471. COMPARATIV'ES FOR TIIE STATEMENT OF FINANC:IAL ACTIN'ITIES unSIr1¢(¢d runds Restricted funds Totsl funds INCOME AND ENDOWMENTS TrROM t)onation5 and l¢bYii¢s 12,670 12,070 Chgrit8ble activltles Sch1 fees 1.609.580 1.609,580 Inveslmeni income 10.813 10.813 Total 1.63.1.063 1.63J,063 EXPENDITIIRF. ON C'h#rli#ble Activitie5 Schot)l expendiiure 1,569,141 510 1,569.651 NET INc.0]EllEXPND[TRK} 03.922 63.412 RECONCII.IAT10Tr4 OF Fuf*D5 Total funds brough¢ fotivard 931.879 930 932.809 TOTAL FUNDS CARRIED FORW'ARD 995,801 420 996.221 Page 20 ¢ontinu¢d...
The Knowl Hill Foundation Noies to the FinanciHI StHleTnents- continued For The l'ear Ended 31 Jul). 2024 12. TAPGIBLE FINED ASSETS Freehold prOr F.quipmeni & rumiiure Motor vehiLles Computer equipment Totsls COST Ai l Ausrust ?023 Addiiions 871,014 1.$4,706 8.1?6 9,000 108,9.14 1 ?05.6$4 687.679 At I l July ?0?4 1.539..S.$6 162.83? 9.000 181.945 1.891.1.1.1 DEPREC'IATION Ai l Aubusi ?O?.I Charg¢ for year 769.?46 5,0?3 114,310 18.569 6.750 158.994 1,049.300 At 31 July 104 774.?69 13?.879 9.000 171.355 1,087.fj0.1 NET BO()K VALIIE At 31 July ?0?4 765 ?87 19.953 10.51x1 80S,8.30 At 31 July 2023 10.1.768 40..196 9,940 156,.154 13. ro("Ks 31.7.?4 Stocks -1.000 .I,(M>O 14. DEwfoRS: AMOIINTS FALLING DI'.E II'ITIIIY ONL I'EAR Trade d¢biors Prepa>'m¢nis 23,460 20.7.35 79.790 95,875 CRkDITOR5: Alol"'rs Tr ALLITG DIIE WITHif* ()YF. YEAR 31.7.?4 Bank loans and overdrnft51see note 17 (hheT loan5 (see note 171 Trade ¢rediiors Social security and other thxes Other creditOT5 Deferred inwme Ac¢rued expens¢5 8.810 60,000 21.842 30.762 14.0_32 6?.400 ?5.951 28.060 23.738 12.-$4? 154.?88 154.987 Pa8e21 continued...
Tht Knowl Hill Foundation Notes to iht Financill Si#tements. coNtinued For The I'e#r F.nded 31 Jul). 2024 i& CREDITORS: AMOUN'fs FALLING DIIE AFfER %IORE THAN ONE YEAR 31.7.24 31.7.23 Bank108ns Ise¢ noi¢ 171 Other loanslstt note 171 409.098 ?40,000 649.098 17. LOANS An analysis of the maturity of loans IS given below.. 31.7.24 31.7.23 Amounts falling due wiihin one year on dem8nd-. Bank loans Other loans 8,810 60.0(K> 68.810 Amounts fg11in8 beNeen one and two years.. Bank loans Other loans 9,566 60.000 69.566 Amounts falling dye bemttn And five ycaT5'. Bank Loans Other loans 180.(H)O 212.844 Amounts fallinjs duc iii more than flv¢ y¢atJ: Repayable by instalmenis.. Bank Loans 366.688 The bank loan 15 secured by a fixed and floating charge over the se1$ of the Charity and a legal ¢h&rge over the freehold ofoid sLh)I Buildin¥. Bisl¢y. The o¢her loan is secured by a first le8al Charge over Knowl Hill School. Pirbright.. Pag¢ 22 continued...
The knoMI Hill Foundation Notes to the Financial Statement5- continued Fvr The I'eir F.nded 31 Jul) 2024 18. MOVEfvIF.NT IY FIINDS moiemenl in fund5 At 31.7.?4 At 1.8.?3 L'nrestricted funds CJenerAI lund Designated funds 970,801 178,513 1.099,314 ?5.000 995,801 1?8,513 1.124,314 Restrirted fun(ts Sundri lienis Other Equipm¢nt 154 ?66 154 170 1961 4?0 1961 3?4 TOTAL FIINDS 996.??] 198.417 1.1?4.638 Net movemeni in funds, included in the alK>ve are as follows.. Incoming re50urce5 RcsovTttS LxpLiided Movement in fund Ilnrestri¢ted fund$ General fund 1.818.719 11,690.2061 128.513 Reslrieted funds Other Equipment 1961 1961 TOTAL FIIN 1.818,719 11.690,30?) 1?8.417 CompAr#ilve5 for movement In funds Nd movemcnt in funds At At 1.8.22 I'nre51riCted funds Generdl fund De518naied funds 6.879 2.5.000 970,801 25,000 931.879 63.9?? 995,801 Rotrlcied lund% Playground equipmeni Sundry Itcms Other Equipment 244 154 532 1?44 1?661 930 Isioi 4?0 TOTAL FLNDS 93?,809 63,41? Page 23 ntinued...
The Knowl Hill Foundation Notes to the Fingncigl Staternents- continued For The l'ear Ended 31 Jul). 2024 i& MOVEMEIIT IN FL'NDS-coniinued Comparative ne¢ movemeni in funds, included in the above are as follows: Inwming resources Resources expethdcd Movem¢nt in funds Ilnresiri¢t¢d funds Generdl fund Desi8naied funds 1.617.282 15,781 11.553,3601 63.922 1.633,063 11.569,1411 63.922 Restricted funds PlaybTrouiid equipm¢nl Other Equipment 12441 12661 12441 12661 15101 TOTAL FIIliDS 1.6J.1,063 11.569.651) 63.412 Resiricied funds include doniiions received spwific8]ly for the purchhse of capithlised equipment irk 2019 of £1 ??0: these fund5 have Tedueed ¢ach year in line wilh depreciation charges and ai Il 51 July ?0?4 th¢ nel tKK)k value £170 12023 £2661. Sundry other donaiions in ?020 have £154 remained unsperti 315t July 2024 1?02.1 £1541. The desiBnaled fund is mad¢ up of a bursary reserve for children in need of £?5.000. No buTSary WAS owarded in the year.lThe designated fund of£25.000 is earri¢d forward. 19. RELATED PARTY DIS('1.0SIIRES There were no related party tTansa¢tions for ihe year ended.I l July 20?4. Page 24