2020-12-31-accounts - Hawkwood College Limited

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				Page
Reference and administrative		details ofthe Company,	its Trustees and advisers
Chair's statement
Trustees' report				3-22
Independent examiner's	report			23-24
Statement offinancial activities				25
Balance sheet				26-27
Statement ofcash flows				28
Notes to the financial statements				29-49

Trustees		ProfG Henderson	ProfG Henderson	ProfG Henderson
		R Mortlock
		C O' Malley
		P Boniface, Chair
		L Emerson
		D Elford
		J O'Connell		(appointed	21 June 2020)
		L Harris (appointed 21			June 2020)
Company	registered
number		00599678
Charity registered
number		311767
Registered	office	Hawkwood		College
		Painswick	Old Road
		Stroud
		Gloucester
		GL6 7QW
Company	secretary	A Carey
Chief executive officer		ACarey
Accountants		Regulatory		Audit
		Vicarage Court
		160Ermin	Street
		Swindon
		Wiltshire
		SN34NE
Bankers		Lloyds Bank Pic
		Stroud
		Gloucestershire
		GL53D
		Triodos Bank
		Deanery Road
		Bristol
		BS15AS

Year	Annual income	/o increasel(decrease)	/o increasel(decrease)	/o increasel(decrease)	Surplusl(deficit)	Surplusl(deficit)
		on	revious	ear	overex	enditure
2020	R628 031	394k			R76066
2019	R1035815	16'/o			R57959
2018	R893367	9%			R26266
2017	R821496	20'/o			R18898
2016	R685482	7'/o			R21 270
2015	R643372	11'/o			R3 536

		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2020	2020	2020	2019
	Note	R	R	R
Income from:
Donations and legacies		210,721	404	211,125	51,954
Charitable activities		3T0,199		370,199	725,149
Other trading activities		46,666		46,666	258,622
Investments		17	24	41	90
Total income		627,603	428	628,031	1,035,815
Expenditure on:
Charitable activities		704,097		704,097	977,854
Total expenditure		T04,097		704,09T	977,854
Net (expenditure)fincome		(76,494)	428	(76,066)	57,961
Transfers between funds	18	4,948	(4,948)
Net movement in funds		(T1,546)	(4,520)	(76,066)	57,961
Reconciliation offunds:
Total funds brought forward		1,662,663	38,398	1,701,061	1,643,100
Net movement in funds		(71,546)	(4,520)	(76,066)	57,961
Total funds carried forward		1,591,117	33,878	1,624,995	1,701,061

					2020		2019
			Note
Fixed assets
Intangible assets			12		2,610		3,683
Tangible assets			13		1,926,090		1,920,050
					1,928,700		1,923,733
Current assets
Stocks			14	2,800		2,800
Debtors			15	38,715		22,414
Cash at bank and in hand				282,140		100,950
				323,655		126,164
Creditors: amounts	falling due within one
year			16	(227,623)		(221,419)
Net current assets I		liabilites			96,032		(95,255)
Total assets less current liabilities					2,024,?32		1,828,478
Creditors: amounts	falling due after more
than one year			17		(399,737)		(127,41I7)
Net assets excluding		pension asset			1,624,995		1,701,061
Total net assets					1,624,995		1,701,061
Charity funds
Restricted funds			18		33,878		38,398
Unrestricted funds			18		1,591,117		1,662,663
Total funds					1,624,995		1,701,061

					2020	2019
					R
Cash flows from operating		activities
Net cash used in operating	activities				(89,510)	130,063
Cash flows from investing		activities
Purchase of intangible assets						(2,315)
Purchase oftangible fixed assets					(22,282)	(67,786)
Net cash used in investing		activities			(22,282)	(70,101)
Cash flows from financing		activities
Cash infiows from new borrowing					300,000
Repayments ofborrowing					(7,019)	(26,224)
Net cash provided by/(used		in) financing		activities	292,981	(26,224)
Change in cash and cash	equivalents		in	the year	181,189	33,738
Cash and cash equivalents	at the beginning			ofthe year	100,951	67,213
Cash and cash equivalents		at the end	of	the year	282,140	100,951

						Unrestricted	Restricted	Total
						funds	funds	funds
						2020	2020	2020
						R	R
	Donations					70,534		70,938
	Government	grants -	Coronavirus		Job Retention Scheme	140,187		140,187
						210,721	404	211,125
						Unrestricted	Restricted	Total
						funds	funds	funds
						2019	2019	2019f
	Donations					31,657	20,296	51,953
4.	Income from charitable			activities
							Unrestricted	Total
							funds	funds
							2020	2020
							R	R
	Income from	charitable	activities - Courses				370,199	370,199
							Unrestricted	Total
							funds	funds
							2019	2019
	Income from	charitable	activities - Courses				725,149	725,149

		Unrestricted	Total
		funds	funds
		2020	2020
		R
Board &room	hire	6,451	6,451
Rental income		27,015	27,015
Miscellaneous	income	13,200	13,200
		46,666	46,666
		Unrestricted	Total
		funds	funds
		2019	2019
External course income		109,203	109,203
Board &room	hire	3,825	3,825
Rental income		32,608	32,608
Miscellaneous	income	64,218	64,218
Events		48,768	48,768
		258,622	258,622

		Unrestricted	Restricted	Total
		funds	funds	funds
		2020	2020	2020
			R	R
Investment	income	17	24

Unrestricted	Restricted	Total
funds	funds	funds
2019	2019	2019
36	53

			Unrestricted	Total
			funds	funds
			2020	2020
				R
Courses			546,756	546,756
Hire ofCollege Facilities			68,706	6&,706
Fundraising	&Other		68,707	68,707
Governance			19,928	19,028
			704,097	704,097
		Unrestricted	Restricted	Total
		funds	funds	funds
		2019	2019	2019
Governance
Courses		779,996		779,996
Hire ofCollege Facilities		93,278		93,278
Fundraising	8 Other	62,689	30,569	93,258
		11,322		11,322
		947,285	30,569	97T,854

		Activities
		undertaken	Support	Total
		directly	costs	funds
		2020f	2020	2020 R
Courses		450,021	96,736	546,757
Hire ofCollege Facilities		56,652	12,054	68,706
Fundraising	&Other	56,652	12,054	68,706
Governance		13,528	6,400	19,928
		576,853	127,244	704,097

		Activities
		undertaken	Support	Totai
		directly	costs	funds
		2019	2019	2019
Courses		629,853	150,143	779,996
Hire ofCollege Facilities		78,329	14,949	93,278
Fundraislng	&Other	78,309	14,949	93,258
Governance		5,572	5,750	11,322
		792,063	185,791	977,854

				Hire of
				College	Fundraising		Total
			Courses	Facilities	8 Other	Governance	funds
			2020	2020	2020	2020	2020
					R		E
Staffcosts			350,024	43,753	43,753		437,530
Lecturers			45,836	5,729	5,729		57+94
Course Expenses			1,071	134	134		1,339
Administration		Expenses	30,860	3,858	3,858		38,576
Festival Costs			4,032	504	504		5,040
Professional		Fees				13,528	13,528
Food Provisions			21,391	2,674	2,674		26,739
Bad Debt			(3,193)				(3,193)
			450,021	56,652	56,652	13,528	576,853
				Hire ot
				College	Fundraising		Total
			Courses	Facilities	8,Other	Governance	funds
			2019	2019	2019	2019	2019
Staffcosts			345,816	43,223	43,203		432,242
Lecturers			112,446	14,056	14,056		140,558
Course Expenses			4,533	567	567		5,667
Administration		Expenses	47,743	5,968	5,968		59,679
Fundraising	Activities		9,762	1,220	1,220		12,202
Festival Costs			38,926	4,866	4,867		48,659
Professional		Fees				5,572	5,572
Bursary Payments			2,681	335	335		3,351
Food Provisions			64,753	8,094	8,093		80,940
Bad Debt			3,193				3,193
			629,853	78,329	78,309	5,572	792,063

					Hire of
					College	Fundraising		Total
				Courses	Facilities	&Other	Governance	funds
				2020	2020	2020	2020	2020
							R
Depreciation				13,008	1,617	1,617		16,242
Accountancy			Fees				6,400	6,400
Household		Expenses		5,337	667	667		6,671
Repairs &Replacements				26,300	3,259	3,259		32,818
Rates & Insurance				15,577	1,947	1,947		19,4?1
Heat, Light		&	Water	19,473	2,434	2,434		24,341
Bank Charges				16,183	2,023	2,023		20,229
Amortisation				858	107	107		1,072
				96,736	12,054	12,054	6,400	127,244
					Hire oi
					College	Fundraising		Total
				Courses	Facilities	&Other	Governance	funds
				2019	2019	2019	2019	2019
Staff costs				37,267				37,267
Depreciation				10,627	3,727	3,727		18,081
Accountancy		Fees					5,750	5,750
Household	Expenses			15,028	1,879	1,879		18,788
Repairs & Replacements				23,264	2,908	2,908		29,080
Rates & Insurance				14,841	1,855	1,855		18,551
Heat, Light	&Water			31,944	2,434	2,434		36,812
Garden Expenses				1,517	190	190		1,897
Bank Charges				14,110	1,763	1,763		17,636
Amortisation				1,545	193	193		1,931
				150,143	14,949	14,949	5,750	185,791

							2020
Fees payable	to the Company's	independent	examiner	for the independent	examination	of
the Company's	annual accounts						2,000
Fees payable	to the Company's	independent	examiner	in respect of:
All other services not induded		above					1,550

			2020	2019
			R
Wages and	salaries		411,'I35	429,040
Social security costs			20,803	31,405
Contribution	to defined contribution	pension schemes	5,592	9,065
			43?,530	469,510

2020	2019
No.	No.

Intangible assets
	Computer
	software
Cost
At 1 January 2020	9,656
At 31 December 2020	9,656
Amortisation
At 1 January 2020	5,973
Charge for the year	1,073
At 31 December 2020	?,046
Net book value
At 31 December 2020	2,610

	Freehold	Plant and	Fixtures and
	property f	machinery	fittings	Total
Cost orvaluation
At 1 January 2020	1,819,600	33,162	205,453	2,058,215
Additions	21,919		363	22,282
At 31 December 2020	1,841,519	33,162	205,816	2,080,497
Depreciation
At 1 January 2020		31,056	107,110	138,166
Charge for the year		1,403	14,838	16,241
At 31 December 2020		32,459	121,948	154,40?

Tangible fixed assets (continued)
	Freehold	Plant and	Fixtures and
	property	machinery	fittings	Total
	R	R	R	R
Net book value
At 31 December 2020	1,841,519	703	83,868	1,926,090
At31December 2019	1,819,600	2,106	98,344	1,920,050

	2020	2019
	R
Stock	2,800	2,800

		2020	2019
Due within one year
Trade debtors		23,205	18,513
Prepayments	and accrued income	15,510	3,901
		38,715	22,414

		2020	2019
		R
Bank loans		48,985	28,323
Payments received on	account	22,690
Trade creditors		8,191	22,529
Other taxation and social security		13,151	14,105
Other creditors		2,276	4,113
Accruals and deferred	income	132,330	152,349
		227,623	221,419

2020	2019
399,737	127,417

					2020	2019
Payable	or	repayable	by	instalments	158,780
					158,780

Statement	offunds -current	year
						Balance at
		Balance at 1				31
		January			Transfers	December
		2020	Income	Expenditure	inlout	2020
		R				E
Unrestricted	funds
General Funds - all funds		617,447	627,603	(704,097)	4,948	545,901
Revaluation	Reserve	1,045,216				1,045,216
		1,662,663	627,603	(704,097)	4,948	1,591,117
Restrictedfunds
Bursary Funds		856	24		(880)
FW Reckitt Arts Trust
(Formerly Mount Pleasant
Artists Rest	Home) donated
Assets		33,878				33,878
Donations towards outside
classroom			404		(404)
Crowdfunding		3,664			(3,664)
		38,398	428		(4,948)	33,878
Total offunds		1,701,061	628,031	(?04,097)		1,624,995

Statement offunds (continued)	Statement offunds (continued)	Statement offunds (continued)
Statement offunds - prior		year
								Balance at
					Balance at			31
					1January			December
					2019	Income	Expenditure	2019
Unrestricted funds
General Funds - all	funds				549,213	1,015,518	(947,284)	617,447
Revaluation Reserve					1,045,216			1,045,216
					1,594,429	1,015,518	(947,284)	1,662,663
Restricted funds
Bursary Funds					4,208		(3,352)	856
FW Reckitt Arts Trust (Formerly			Mount
Pleasant Artists Rest Home) donated Assets					33,878			33,878
Donations towards	outside classroom				6,921	11,895	(18,816)
Donations towards	disabled	bathroom		facilities		6,500	(6,500)
Crowdfunding					3,664			3,664
Western Power						300	(300)
University of Bristol						1,531	(1,531)
Other restricted funds						70	(70)
					48,671	20,296	(30,569)	38,398
Total offunds					1,643,100	20,296	(977,853)	1,701,061

					Balance at
	Balance at 1				31
	January			Transfers	December
	2020	Income	Expenditure	in/out	2020
					E
General funds	1,662,663	627,603	(704,097)	4,948	1,591,117
Restricted funds	38,398	428		(4,948)	33,878
	1,701,061	628,031	(704,097)		1,624,9S5
Summary offunds - prior year
					Baiance at
		Balance at			31
		1January			December
		2019	Income	Expenditure	2019
General funds		1,594,429	1,015,518	(947,284)	1,662,663
Restricted funds		48,671	20,296	(30,569)	38,398
		1,643,100	1,035,814	(977,853)	1,701,061

Analysis	ofnet assets between funds - current	period
		Unrestricted	Restricted	Total
		funds	funds	funds
		2020	2020	2020
			R
Tangible	fixed assets	1,926,090		1,926,090
Intangible	fixed assets	2,610		2,610
Current assets		289,778	33,878	323,656
Creditors	due within one year	(227,624)		(227,624)
Creditors	due in more than one year	(399,737)		(399,737)
Total		1,591,117	33,878	1,624,995

	Analysis ofnet ass	ets	betw	een	funds -	prior period
							Unrestricted	Restricted	Total
							funds	funds	funds
							2019	2019	2019
	Tangible fixed assets						1,920,050		1,920,050
	Intangible axed assets						3,683		3,683
	Current assets						87,767	38,398	126,165
	Creditors due within	one year					(221,421)		(221,421)
	Creditors due in more than one year						(127,417)		(127,417)
	Total						1,662,662	38,398	1,701,060
21.	Reconciliation ofnet movement				in funds to net cash flow		from operating	activities
								2020	2019
	Net income/expenditure		for	the	period	(as per Statement	of Financial
	Activities)							(76,066)	57,961
	Adjustments for:
	Depreciation charges							16,241	17,335
	Amortisation charges							1,073	1,931
	Decrease in stocks								96
	Decrease/(increase)	in debtors						(16,301)	10,371
	Increase/(decrease)	in creditors						(14,457)	41,627
	Net cash provided by/(used			in)	operating	activities		(89,510)	129,321
22.	Analysis of cash and cash equivalents
								2020	2019
								R
	Cash in hand							282,140	100,951
	Total cash and cash	equivalents						282,140	100,951

		At 1		At 31
		January		December
		2020	Cash flows	2020
			R	R
		R
Cash	at bank and in hand	100,950	181,190	282,140
Debt	due within 1 year	(28,323)	(20,662)	(48,985)
Debt	due after 1year	(127,417)	(272,320)	(399,737)
		(54,790)	(111,792)	(166,582)