2020-08-31-accounts - Westbourne House School Educational Trust Limited

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Trustees		Mrs D JAlun-Jones	Mrs D JAlun-Jones	Mrs D JAlun-Jones	MA	MA
		N P Backhouse		MA FCA
		W Belcher
		JAB Bruce FCA
		Miss L K Hamblett			MA
		RAJ Hill
		Mrs K Hogan	BA
		C M Keville (Chairman)
		Mrs J P Matthews
		JAPassam
		J H LPatrick	MVO		BSc
Secretary		G P Falconer
Charity number		307034
Company	number	902869
Principal address		Westboume	House		School
		Coach Road
		Shopwyke
		Chichester
		West Sussex
		PO20 2BH
Registered	office	Westboume	House		School
		Coach Road
		Shopwyke
		Chichester
		West Sussex
		PO20 2BH
Auditor		Jones Avens	Limited
		Piper House
		4 Dukes Court
		Bognor Road
		Chichester
		West Sussex
		PO19 8FX
Bankers		National Westminster				Bank Pic
		5 East Street
		Chichester
		West Sussex
		PO19 1HH
investment	advisors	Rathbone Brothers			Pic
		8 Finsbury Circus
		London
		EC2M 7AZ

		Page
Trustees' report		1-5
Statement ofTrustees'	responsibilities
Independent auditor's	report	7-9
Statement offinancial	activities	10
Balance sheet
Statement ofcash flows		12
Notes to the financial	statements	13-28

					Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
					funds	funds		funds	funds
					2020	2020	2020	2019	2019	2019
			Notes		F					F
In m an	n	wm	n	from
Donations and	legacies			3	250,000	18,492	268,492		124	124
Charitable activities				4	4,716,271		4,716,271	5, 176,453		5,176,453
Investments				5	18,041		18,041	26,670		26,670
Other income				6	388,640		388,640	53,571		53,571
Total income					5,372,952	18,492	5,391,444	5,256,694	124	5,256,818
~~hi ~ron:
Raising funds				7	4,402		4,402	4,279		4,279
Charitable activities				8	5,226,913	18,723	5,245,636	5,208,925	264	5,209,189
Total resources
expended					5,231,315	18,723	5,250,038	5,213,204	264	5,213,468
Net gains/(losses)		on
investments				13	10,119		10,119	7,618		7,618
Net movement	in	funds			151,756	(231)	151,525	51,108	(140)	50,968
Fund balances	at 1
September 2019					12,250,743	99,810	12,350,553	12,199,635	99,950	12,299,585
Fund balances	at	31
August 2020					12,402,499	99,579	12,502,078	12,250,743	99,810	12,350,553

					2020	2019
				Notes	6	F
Fixed assets
Tangible assets investments				15 16	10,447,426 333,135	10,187,628 320,986
					10,780,561	10,508,614
Current assets
Debtors					372,114	361,919
Cash at bank and		in	hand		2,213,230	2,433,940
					2,585,344	2,795,859
Creditors: amounts one year			falling due within	19	(863,827)	(953,920)
Net current assets					1,721,517	1,841,939
Total assets less		current liabilities			12,502,078	12,350,553
Income funds
Restricted funds				21	99,579	99,810
~Il tit f	d
General unrestricted			funds		12,342,970	12,187,603
Revaluation reserve					59,529	63,140
Total unrestricted		funds			12,402,499	12,250,743
					12,502,078	12,350,553

					2020		2019
				Notes
Cash flows from operating			activities
Cash generated from operations				26		162,608	40,287
Investing	activities
Purchase	oftangible fixed assets				(399,329)		(107,794)
Receipts	from sale oftangible		fixed assets				5,100
Purchase	ofother investments				(74,252)		(4,483)
Proceeds	on disposal ofother investments				72,222		1,854
Dividends	and interest received				18,041		26,670
Net cash	used in investing		activities			(383,318)	(78,653)
Net cash	used in financing		activities
Net decrease in cash and		cash equivalents				(220,710)	(38,366)
Cash and	cash equivalents	at beginning		ofyear		2,433,940	2,472,306
Cash and cash equivalents			at end of	year		2,213,230	2,433,940
Relating	to:
Cash and	Bank balances					2,213,230	2,433,940

Depreciation is recognised	so as to write oif the cost or valuation ofassets less their residual	so as to write oif the cost or valuation ofassets less their residual	so as to write oif the cost or valuation ofassets less their residual	so as to write oif the cost or valuation ofassets less their residual
their useful lives on the following bases:
Freehold land and buildings	Nil
Leasehold property	15years / 50	years straight	line
Plant and machinery	25% Reducing	balance /10% straight		line
Fixtures, fittings &equipment	10%Reducing	balance
Computers	10% - 25% Stl'eight litle
Motor vehides	25% Reducing	balance

				Unrestricted	Restricted	Total	Restricted
				funds	funds		funds
				2020	2020	2020	2019
				F
Donations	and gifts			250,000	18,492	268,492	124
Charitable		activities
						2020	2019
						2	0
Gross Fees		receivable				5,516,554	6,018,716
Less: Bursaries, Scholarships			and Discounts			(835,533)	(919,605)
Net Fees	receivable					4,681,021	5,099,111
Recreational		facilities				35,250	58,664
Summer camps and courses							18,678
						4,716,271	5,176,453

		Unrestricted	Unrestricted
		funds	funds
		2020	2019
Income	from listed investments	6,432	6,908
Interest	receivable	11,609	19,762
		18,041	26,670

Other incom	e
				Unrestricted	Unrestricted
				funds	funds
				2020	2019
hiet gain on disposal oftangible			fixed assets		2,023
Other income				46,212	51,548
Coronavirus	Job Retention	Scheme grants		342,428
				388,640	53,571

					Unrestricted	Unrestricted
					funds	funds
					2020	2019
					6
Inv	ment	n	em	n	4,402	4,279
					4,402	4,279

					Providing	Providing
					education	education
					2020	2019
						6
Stalf costs					2,969,032	2,869,727
Depreciation			and impairment		39,816	40,977
Education		equipment		and materials	98,027	106,135
Sport and	games equipment				6,811	4,266
Educational		visits and activities			28,724	55,545
Provisions					100,643	136,429
					3,243,053	3,213,079
Grant funding			ofactivities (see note 9)		18,123
Share ofsupport costs (see note 10)					1,966,748	1,978,824
Share ofgovernance				costs (see note 10)	17,712	17,286
					5,245,636	5,209,189
Analysis	by		fund
Unrestricted			funds		5,226,913	5,208,925
Restricted		funds			18,723	264
					5,245,636	5,209,189
Grants payable
					Providing	2019
					education
					2020
					6
Grants to	individuals			(7grants)	18,123
					18,123

Support costs
		Support Governance		2020	Support	Governance	2019
		costs	costs		costs 6	costs f
Staffcosts - Support		776,938		776,938	838,680		838,680
Staff costs - Welfare		311,918		311,918	307,892		307,892
Depreciation		99,715		99,715	80,073		80,073
Rates		92,074		92,074	90,941		90,941
Insurance		38,036		38,036	37,249		37,249
Light and heat		104,357		104,357	109,620		109,620
Repairs and maintenance		159,105		159,105	121,714		121,714
Printing, postage,
stationery, advertising and website		74,849		74,849	114,635		114,635
Telephone and fax		8,955		8,955	8,056		8,056
Motor expenses		33,189		33,189	40,821		40,821
Legal and professional fees		76,948		76,948	28,906		28,906
School inspection		5,055		5,055	5,392		5,392
Household expenses		39,032		39,032	35,294		35,294
Cleaning contracts		75,443		75,443	83,894		83,894
Upkeep ofgrounds pool	and	38,141		38,141	38,224		38,224
Bad debts		5,667		5,667	5,127		5,127
Sundry expenses		24,731		24,731	29,184		29,184
Bank charges		2,595		2,595	3,122		3,122
Audit fees			5,850	5,850		5,700	5,700
Accountancy			11,862	11,862		11,586	11,586
		1,966,748	17,712	1,984,460	1,978,824	17,286	1,996,110
Analysed between
Charitable activities		1,966,748	17,712	1,984,460	1,978,824	17,286	1,996,110

The average	monthly	numbe	r ofem	ployees	during the yea	r was:
							2020	2019
							Number	Number
Teaching staff							57	60
Admin and support		statf					29	29
Welfare staff							11	13
							97	102
Employment	costs						2020f	2019
Wages and salaries							3,196,335	3,300,358
Social security	costs						294,661	289,838
Other pension	costs						506,701	370,097
Other staff costs							60,191	56,006
							4,057,888	4,016,299
The number	of employees		whose	annual	remuneration	was f60,000 or
more were;
							2020	2019
							Number	Number
f60,000 - f70,000 f90,000 - f100,000							2 1	1 1

Net gains((	toss	es) on investments
			Unrestricted	Unrestricted
			funds	funds
			2020	2019
Revaluation	of	investments	7,491	7,702
Gain/(loss)	on	sale ofinvestments	2,628	(84)
			10,119	7,618

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Fixed asset investments
	Listed
	investments
	6
Cost or valuation
At 1 September 2019	320,986
Additions	74,252
Valuation changes	21,128
Disposals	(83,231)
At 31August 2020	333,135
Carrying amount At 31 August 2020	333,135
At 31August 2019	320,986

17	Financial	instruments			2020	2019
					6
	Carrying	amount of	financial assets
	Instruments measured		at fair value through	profit or loss	333,135	320,986
18	Debtors
					2020	2019
	Amounts	falling due	within one year:		6	F
	Trade debtors				160,145	168,866
	Other debtors				85,764	12,368
	Prepayments and accrued income				126,205	180,685
					372,114	361,919

Creditors: amounts	Creditors: amounts	falling due within one year
			2020	2019
Other taxation	and social security		74,633	72,891
Trade creditors			112,072	58,009
Other creditors			626,102	791,727
Accruals and deferred		income	51,020	31,293
			863,827	953,920

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Analysis of	net assets	between funds
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2020	2020	2020	2019	2019	2019
		6	F		F	5
Fund balances at 31
August 2020	are
represented by: Tangible assets Investments		10,447,426 333,135		10,447,426 333,135	10,187,628 320,986		10,187,628 320,986
Current assets/
(liabilities)		1,621,938	99,579	1,721,517	1,742, 129	99,810	1,841,939
		12,402,499	99,579	12,502,078	12,250,743	99,810	12,350,553

pg under non-cancellable operating leases, which fall due a	s follows;
	2020	2019
Within one year	19,118	25,358
Between two and five years	19,478	38,476
	38,596	63,834

	The operating lease pa	yments r	ecogn	ised as	an	expe	nse in the year were	525,238 (2019- 525,	358).
24	Capital commitments							2020	2019
	At 31 August 2020 the	Trust had	capital commitments				as follows:
	Contracted for but not	provided	in the	financial	statements:
	Acquisition of property,	plant and equipment						61,809
25	Related party transactions
	Remuneration of key	management		personnel
	The remuneration of key management			personnel		is as follows.
								2020	2019
	Aggregate compensation							395,371	248,058

Cash generated from	operations				2020	2019
						F
Surplus for the year					151,525	50,968
Adjustments for:
Investment income recognised in statement			offinancial	activities	(18,041)	(26,670)
Gain on disposal oftangible fixed assets						(2,023)
(Gain)/loss on disposal	ofinvestments				(2,628)	84
Fair value gains and losses on investments					(7,491)	(7,702)
Depreciation and impairment oftangible		fixed assets			139,531	121,050
Movements in working	capital:
(Increase) in debtors					(10,195)	(38,040)
(Decrease) in creditors					(90,093)	(57,380)
Cash generated from	operations				162,608	40,287