2021-08-31-accounts - Westbourne House School Educational Trust Limited

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Trustees			Mrs DJAlun-Jones	Mrs DJAlun-Jones	Mrs DJAlun-Jones		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)
			JA Passam
			J H LPatrick	MVO		BSc
			Mrs S L Morison
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'	responsibihties
Independent auditor's	report	7-10
Statement offinancial	activities
Balance sheet		12
Statement ofcash flows		13
Notes to the financial	statements	14-30

				Unrestricted	Restricted	Total Unrestricted	Total Unrestricted	Restricted	Total
				funds	funds		funds	funds
				2021	2021		2020	2020	2020
		Notes		6	6		6
Incom and end	wments		fr	m
Donations and legacies				548	1,218	1,766	250,000	18,492	268,492
Charitable activities				4,967,307		4,967,307	4,716,271		4,716,271
Investments				15,964		15,964	18,041		18,041
Other income				155,407		155,407	388,640		388,640
Total income				5,139,226	1,218	5,140,444	5,372,952	18,492	5,391,444
Ex~nlittur un:
Raising funds			7	7,962		7,962	4,402		4,402
Charitable activities			8	5,137,588	1,434	5,139,022	5,226,913	18,723	5,245,636
Total resources	expended			5,145,550	1,434	5,146,984	5,231,315	18,723	5,250,038
Net gains/(losses)		on
investments			13	193,610		193,610	10,119		10,119
Net incoming/(outgoing)
resources before		transfers		187,286	(216)	187,070	151,756	(231)	151,525
Gross transfers
between funds			15	1,000	(1,000)
Net movement	in	funds		188,286	(1,216)	187,070	151,756	(231)	151,525
Fund balances at 1
September 2020				12,402,499	99,579	12,502,078	12,250,743	99,810	12,350,553
Fund balances	at	31August
2021				12,590,785	98,363	12,689,148	12,402,499	99,579	12,502,078

				2021	2020
			Notes	F
Fixed assets
Tangible assets			16	10,506,626	10,447,426
Investments			17	1,284,302	333,135
				11,790,928	10,780,561
Current assets
Debtors			19	274,805	372,114
Cash at bank and	in	hand		1,711,202	2,213,230
				1,986,007	2,585,344
Creditors: amounts		falling due within	20
one year				(1,087,787)	(863,827)
Net current assets				898,220	1,721,517
Total assets less	current liabilities			12,689,148	12,502,078
Income funds
Restricted funds ~Il «dMf d			22	98,363	99,579
General unrestricted		funds		12,389,307	12,342,970
Revaluation reserve				201,478	59,529
Total unrestricted	funds			12,590,785	12,402,499
				12,689,148	12,502,078

				2021		2020
			Notes
Cash flows from operating		activities
Cash generated from operations			27		435,733		162,608
Investing	activities
Purchase	oftangible fixed assets			(196,168)		(399,329)
Purchase	ofother investments			(1,004,371)		(74,252)
Proceeds	on disposal ofother investments			246,814		72,222
Dividends	and interest received			15,964		18,041
Net cash	used in investing	activities			(937,761)		(383,318)
Net cash	used in financing	activities
Net decrease in cash and		cash equivalents			(502,028)		(220,710)
Cash and	cash equivalents	at beginning	ofyear		2,213,230		2,433,940
Cash and	cash equivalents	at end of	year		1,711,202		2,213,230
Relating	to:
Cash and	Bank balances				1,711,202		2,213,230

		Unrestricted	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2021	2021	2021	2020	2020	2020
			f.	f.		F	8	F
Donations	and gifts		548	1,218	1,766	250,000	18,492	268,492
Charitable		activities
							2021	2020
							f	f
Gross Fees		receivable					5,794,716	5,516,554
Less. Bursaries, Scholarships			and Discounts				(861,583)	(835,533)
Net Fees	receivable						4,933,133	4,681,021
Recreational		facilities					15,969	35,250
Summer camps and courses							18,205
							4,967,307	4,716,271

Investments
	Unrestricted	Unrestricted
	funds	funds
	2021	2020
	6	6
Income from listed investments	15,519	6,432
Interest receivable	445	11,609
	15,964	18,041

		Unrestricted	Unrestricted
		funds	funds
		2021	2020
			6
Other income		65,138	46,212
Coronavirus	Job Retention Scheme grants	90,269	342,428
		155,407	388,640

						Unrestricted	Unrestricted
						funds	funds
						2021	2020
Inv	s	en	m	na	emen	7,962	4,402
						7,962	4,402

					Providing	Providing
					education	education
					2021	2020
					6	5
Staff costs					2,919,824	2,969,032
Depreciation			and impairment		45,315	39,816
Education		equipment		and materials	117,131	98,027
Sport and	games equipment				3,824	6,811
Educational		visits and		activities	11,674	28,724
Provisions					122,966	100,643
					3,220,734	3,243,053
Grant funding			ofactivities (see note 9)		1,434	18,123
Share of	support costs (see note 10)				1,897,794	1,966,748
Share of	governance			costs (see note 10)	19,060	17,712
					5,139,022	5,245,636
Analysis	by		fund
Unrestricted			funds		5,137,588	5,226,913
Restricted		funds			1,434	18,723
					5,139,022	5,245,636
Grants payable
					Providing	Providing
					education	education
					2021	2020
					6
Grants to	individuals			(1 grants)	1,434	18,123
					1,434	18,123

Support costs
		Support	Governance	2021	Support	Governance	2020
		costs	costs		costs	costs
		E	E			E
Staff costs - Support		854,699		854,699	776,938		776,938
Staff costs - Welfare		320,019		320,019	311,918		311,918
Depreciation		91,653		91,653	99,715		99,715
Rates		89,583		89,583	92,074		92,074
Insurance		40,970		40,970	38,036		38,036
Light and heat		90,207		90,207	104,357		104,357
Repairs and
maintenance		101,306		101,306	159,105		159,105
Printing, postage,
stationery, advertising
and website		64,692		64,692	74,849		74,849
Telephone and fax		8,644		8,644	8,955		8,955
Motor expenses		34,915		34,915	33,189		33,189
Legal and professional
fees		63,066		63,066	76,948		76,948
School inspection		3,370		3,370	5,055		5,055
Household expenses		35,888		35,888	39,032		39,032
Cleaning contracts		21,715		21,715	75,443		75,443
Upkeep ofgrounds	and
pool		51,241		51,241	38,141		38,141
Bad debts		2,367		2,367	5,667		5,667
Sundry expenses		19,558		19,558	24,731		24,731
Bank charges		3,901		3,901	2,595		2,595
Audit fees			6,295	6,295		5,850	5,850
Accountancy			12,765	12,765		11,862	11,862
		1,897,794	19,060	1,916,854	1,966,748	17,712	1,984,460
Analysed between
Charitable activities		1,897,794	19,060	1,916,854	1,966,748	17,712	1,984,460

The average	monthl	y number	of full	time equ	ivalent emplo	yees during the year	was:
							2021	2020
							Number	Number
Teaching staff							57	57
Admin and support		staff					27	29
Welfare staff							14	11
							98	97
Employment	costs						2021	2020
Wages and salaries							3,244,688	3,196,335
Social security	costs						287,416	294,661
Other pension	costs						509,119	506,701
Other staff costs							53,319	60,191
							4,094,542	4,057,888
The number	of employees		whose	annual	remuneration	was f60,000 or
more were:
							2021	2020
							Number	Number
f60,000 - f70,000							1	2
f70,000-f80,000							1
f90,000-f100,000
f100,000-f110,000

			Unrestricted	Unrestricted
			funds	funds
			2021	2020
				6
Revaluation	of	investments	173,857	7,491
Gain/(loss)	on	sale of investments	19,753	2,628
			193,610	10,119

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Fixed asset investments
	Listed	Cash in	Total
	investments	portfolio
	5
Cost or valuation
At 1 September 2020	303,442	29,693	333,135
Additions	1,004,371		1,004,371
Valuation changes	173,857		173,857
Transfer	(2,759)	2,759
Disposals	(227,061)		(227,061)
At 31 August 2021	1,251,850	32,452	1,284,302
Carrying amount
At 31 August 2021	1,251,850	32,452	1,284,302
At 31 August 2020	303,442	29,693	333,135

18	Financial	instruments			2021	2020
					F	6
	Carrying	amount of	financial assets
	instruments measured		at fair value through	profit or loss	1,251,850	333,135
19	Debtors
					2021	2020
	Amounts	falling due	within one year:
	Trade debtors				97,385	160,145
	Other debtors				38,520	85,764
	Prepayments and accrued income				138,900	126,205
					274,805	372,114

Creditors: amounts	Creditors: amounts	falling due within one year
			2021	2020
Other taxation	and social security		85,496	74,633
Trade creditors			42,905	112,072
Other creditors			939,609	626,102
Accruals and deferred		income	19,777	51,020
			1,087,787	863,827

Analysis of	net assets	between funds
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2021	2021	2021	2020	2020	2020
		6	6	F	f
Fund balances at 31
August 2021	are
represented	by:
Tangible assets		10,506,626		10,506,626	10,447,426		10,447,426
Investments		1,284,302		1,284,302	333,135		333,135
Current assets/
(liabilities)		799,857	98,363	898,220	1,621,938	99,579	1,721,517
		12,590,785	98,363	12,689,148	12,402,499	99,579	12,502,078

under non-cancellable operating leases, which fall due a	s follows:	py
	2021	2020
Within one year	26,024	19,118
Between two and five years	19,998	19,478
	46,022	38,596

	The operating lease payments	recognised as an	recognised as an	recognised as an	expense	expense	in the year were 625,904 (2020 -825,238).	in the year were 625,904 (2020 -825,238).
25	Capital commitments						2021	2020
	At 31 August 2021 the Trust had capital commitments					as	follows
	Contracted for but not provided	in the	financial	statements:
	Acquisition of property, plant and equipment							61,809
26	Related party transactions
	Remuneration ofkey management		personnel
	The remuneration of key management		personnel		is as follows.
							2021	2020
								6
	Aggregate compensation						421,109	395,371

26	Related party transactions							(Continued)	(Continued)
	Transactions with related parties
	Mr J Passam and Mr J Bruce have	children		that	attend	the school	with	fee arrangements	being in
	accordance with the school's normal terms.
27	Cash generated from operations							2021	2020
								6	6
	Surplus for the year							187,070	151,525
	Adjustments for.
	Investment income recognised in statement		offinancial		activities			(15,964)	(18,041)
	Loss on disposal oftangible fixed assets
	Gain on disposal ofinvestments							(19,753)	(2,628)
	Fair value gains and losses on investments							(173,857)	(7,491)
	Depreciation and impairment oftangible	fixed assets						136,934	139,531
	Movements in working capital:
	Decrease/(increase) in debtors							97,309	(10,195)
	Increase/(decrease) in creditors							223,960	(90,093)
	Cash generated from operations							435,733	162,608
28	Analysis ofchanges in net funds
	The Trust had no debt during the year.