OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-08-31-accounts

Annual Report and Accounts 2020-21

A specialist school and college for children and young people with language disorders

Moor House School & College, Mill Lane, Hurst Green, Oxted, Surrey, RH8 9AQ 01883 712271 www.moorhouse.surrey.sch.uk

Registered Charity. 311871

Contents

Page
Welcome 3
Trustees Report
Vision 4
Strategy, Objectives and
Activities		 4
Achievement & Performance 7
Plans for the Future 11
Our Finances 12
Structure, Governance and
Management		 13
Trustees’ Responsibilities 17
Acknowledgements 19
Professional Advisers & Key
Information		 20
Independent Auditor’s Report 21-24
to the Trustees and Governors
Financial Statements 25-40

Charity No. 311871

Moor House School & College

2

Welcome

It gives me great pleasure on behalf of the Trustees to present the Moor House School & College (“Moor House”) Annual Report and Accounts for the year ending 31 August 2021.

2021 was an extremely challenging year for all schools; despite the pandemic it was an exceptional year for Moor House. The number of students rose again, the educational results of the students met long term expectations, facilities continued to be upgraded and finances remained strong. Students and staff committed themselves to high educational outcomes; staff adopted new technology at speed to provide students with new ways of learning. Ensuring all students had laptops to work from home, Moor House created an amazingly robust offering that enabled both remote and hybrid teaching and therapy to be delivered wherever the students were.

Support of student wellbeing during this year was of critical importance and included expanded pastoral care and psychotherapy support under Moor House’s unique SHaW (Student Health and Well-being Monitoring System) programme. The pandemic and the challenges posed continue and Moor House will not downplay the impact upon students, parents and staff.

The pandemic affected our capital and maintenance projects and diverted priorities but significant improvements were made. The new roof on the West Wing was completed and in July 2021 work commenced on building the much-needed Therapy Hub which it is hoped will be completed by Easter 2022. This will provide both increased capacity and enhanced facilities for therapy and for specialist teaching. During 2020/21 we significantly strengthened education middle management, to allow further development of the curriculum, to enhance pastoral care and to create greater management capacity to cope with future challenges and opportunities. Fund-raising activity continues and we are very appreciative of the donations made which have partially funded the new Therapy Hub. Research and training continue at the forefront of creating and sharing knowledge and expertise in the field of developmental language disorder and informing best practice at Moor House.

I became Chair only on 1st September 2021 so I want to finish by thanking my predecessor, David Taylor, for his service and dedication to Moor House. His time as Chair of Moor House has seen much growth and many improvements even as Moor House negotiated the significant challenges presented by the COVID-19 pandemic. He is stepping down from a very successful school and college that achieves high student outcomes and that is financially viable.

Our students are at the heart of everything we do and the 2021 educational outcomes results reflect great credit upon students and upon the first-class staff team through their dedication, input and encouragement. We expect 2022 to be a year of continued progress, hopefully as the pandemic recedes.

Stuart Dennison, Chair of Trustees & Governors

Charity No. 311871

Moor House School & College

3

Trustees’ Report

The Trustees present their annual report for the year ending 31 August 2021, under the Charities Act 2011, together with the audited accounts for the year which have been prepared under the accounting policies set out therein and follow and comply with the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

The Trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2011 to have due regard to the public guidance

published by the Charity Commission when reviewing the charity’s aims and objectives and in planning future activities.

Moor House is a day and residential co-educational Non-Maintained Special School within the meaning of the Education Act 1993 and welcomes students aged 7–19 years from all backgrounds with language disorders, including those with severe Developmental Language Disorder (DLD).

MOOR HOUSE’S VISION

Our Vision is of young people with speech and language impairment achieving their full learning and communication potential, building an independent life and contributing positively to society.

STRATEGY, OBJECTIVES AND ACTIVITIES

Moor House aims to provide its students with an education that prepares them for as independent a life as possible. All students have an Education, Health and Care Plan (EHCP).

Moor House needs to be satisfied that it will be able to educate, support and develop a prospective student to the best of their potential. Consequently, Moor House undertakes a lengthy and thorough admissions assessment process to ensure that any prospective student is able to benefit from the intensive therapy and teaching that Moor House provides. An individual’s economic status, gender, ethnicity, race, religion or non-DLD disabilities play no part in the assessment process.

Once a student starts at Moor House, teams of speech and language therapists and occupational therapists work closely with the teaching staff to provide the appropriate specialist education and therapy to fit their individual needs. Students come mostly from the South of England.

Charity No. 311871

Moor House School & College

4

Trustees’ Report

Drawing upon more than 70 years of experience in education, therapy and research, Moor House aims to support students to:

Achieve their learning potential

Measured by academic attainment through nationally recognised qualifications at Key Stage 4 and Key Stage 5 (success and completion rate).

Maximise their skills in speech, language and communication

Measured by progress in formal standardised assessments and by progress towards outcomes in individual EHCP plans in the areas of language and communication.

Build and maintain good relationships and friendships

Measured through achievement on identified areas of the Compass of Independence™ (a framework used to track and monitor progress) and through the Student Health and Well-being Monitoring System (SHaW) for individual students.

Become confident, independent and valued members of society

Measured through the Wheel of Independence™ (a framework used to track and monitor progress) and through the NEET (Not in Education, Employment or Training) data.

Feel safe, happy and develop emotional resilience

Measured by responses to the student questionnaire in the Annual Review and Ofsted Parent View questionnaire.

Charity No. 311871

Moor House School & College

5

Trustees’ Report

Moor House achieves its vision and aims by:

The Trustees are responsible for setting a strategy and annual priorities that are reflected in the Moor House Development Plan.

These reflect our educational aims and ethos within the context of the broader aims we set for Moor House and its students.

Fees are set at a level to maintain the financial viability of Moor House and at a level that is consistent with the aim of providing an excellent education to our students.

These fees are normally paid by the student’s Local Authority but, in exceptional circumstances, the Local Authority may arrange for the family to pay part of the fee.

Charity No. 311871

Moor House School & College

6

Trustees’ Report

ACHIEVEMENTS AND PERFORMANCE

The key strategic priorities that were the foundation of the Moor House Development Plan for 2020/21 were:

Achieved - the Mental Health and Well-being team has expanded and the Student Health and Well-being Monitoring System (SHaW MS) is embedded in practice and informs strategic development in this key area.

Achieved - the residential area in the west wing has been refurbished and new facilities provided. A day student common room has been created providing enhanced facilities for break and lunch times.

The work of the institute has increased awareness of DLD through the provision of training and resources. There has been a particular focus on developing training for teachers and parents on how to recognise DLD in children.

Achieved. Meeting held with new team at Surrey

Charity No. 311871

Moor House School & College

7

Trustees’ Report

Process improvement projects related to the admissions process, the day students sign in process and college logistics and timetabling. New projects are ongoing related to college STA deployment, Residential Care Induction, the Annual Review Process and Recruitment.

Student Achievement and Performance

During a difficult time, we have maintained our outstanding educational results with 58% of GCSE entries achieving a 4 (standard pass) with two entries at a grade 9 in Pottery. 48% of our Entry Level qualifications were at the highest level.

89% of Moor House students achieved or exceeded their minimum expected outcomes in English and 86% in Maths. All KS4 students gained access to a post-16 qualification and have continued their education.

This enables students to follow a wide range of courses including Art & Design, Media, ICT, Production Arts, Horticulture, Environmental Studies, Bricklaying, Electrical Installations, Childcare, Animal Management and Floristry.

Our College students improved performance from last year in English and Maths and this was repeated in their courses in other subjects that are provided by our partner Further Education college and supported by our staff.

At the end of the academic year all 15 leavers entered Education, Employment or Training. 1 student progressed to University, and a further 9 into Further Education. 4 students progressed into employment or training, with 1 entering a supported internship.

National lockdowns and bubble working meant that the students learning moved on-line and included a blend of live-streamed lessons, teacher assessed tasks, instructional videos and remote therapy sessions. Progress continued with speech, language and communication skills despite the challenging conditions.

The students participated in a range of extra-curricular activities and a number of educational visits during the year although Moor House annual residential visits were cancelled due to COVID-19.

The students benefit from Moor House’s own 25 metre swimming pool and have the opportunity of participating in an extensive extra-curricular programme including sport, music and drama clubs, riding and bowling, as well as trips out including cinema visits, although these were restricted during the pandemic.

Charity No. 311871

Moor House School & College

8

Trustees’ Report

Moor House Research and Training Institute Achievements & Performance

The Moor House Research and Training Institute is led by Dr Susan Ebbels. It contributes directly to the aims of the School and College but also carries out research and provides both internal and external training. This directly and indirectly benefits a wide range of children with language disorders, the majority of whom are not at Moor House.

It aims to achieve this by:

Three peer-reviewed research papers were published last year and two further studies, on vocabulary in key stage 5 and primer on adjectives, were submitted to journals.

The Institute offers training courses for Speech and Language Therapists (SLTs), Occupational Therapists (OTs) and those working within Education. Due to Government guidance, all courses in 2020/21 were held virtually as self-paced modules or live online workshops. Over 1,200 professionals accessed training during the year including a broad international audience.

The Institute is also committed to creating resources of use to other professionals working with children and this year released a range of free videos and resources for teachers and parents explaining the signs of DLD and strategies to support students. In addition a free spreadsheet identifying grammatical targets for children with DLD was published to benefit speech and language therapists.

A new web version, and website, for SHAPE CODING™, a system to teach spoken and written grammar to school-aged children with DLD, was launched, and a social media campaign was delivered to promote the WHEEL OF INDEPENDENCE™ Framework, an online tool used to track progress and measure outcomes for independence and functional life skills.

The Institute team also published Podcasts and had a number of articles on DLD published in industry magazine including SecEd, Education Today and SEN Magazine, also invitations to present at various conferences included a keynote talk by the International Clinical Phonetics and Linguistics Association were accepted.

Charity No. 311871

Moor House School & College

9

Trustees’ Report

Links with the community and fundraising

As with many other charities, the Covid-19 pandemic had a significant impact on fundraising at Moor House throughout 2020/21, with a reduction in community fundraising as many flagship events such as the annual ball and summer fete were cancelled in line with Government guidance and advice. Indeed, just one face to face event, a Super Car Event hosted by Peter and Julia Irvine in August 2021, was possible.

Virtual events were held, including online workshops, a virtual balloon race, virtual Christmas fete, virtual London Marathon and an online store, but priority was given to fundraising through Trusts and Foundations.

We were recently awarded £20,000 by the Bernard Sunley Foundation, £15,000 by the EBM Charitable Trust, £50,000 by the Wolfson Foundation and £5,000 by The 29th May 1961 Charitable Trust.

Regular income remained important and came in the way of regular donations through the Give As You Earn Scheme, Tandridge Together Lottery and shopping sites such as Amazon Smile and Easy Fundraising. Funds were further boosted by generous one-off gifts from the Limpsfield High Street Traders Association, Waitrose Community Matters, Reigate Rotary and Oxted Co-op.

Moor House is registered with the Fundraising Regulator and commits to compliance with the Code of Fundraising Practice, The General Data Protection Regulation, Charity Commission guidelines and Moor House’s own Ethical Fundraising Policy. There have been no complaints in relation to fundraising activities.

The Trustees are indebted to our donors and thank each and every one of them for their generosity and ongoing support during these unprecedented times.

Estates

The Trustees were delighted to be able to approve early in the year the building of a new Therapy and Specialist Teaching Hub which got underway in July.

Further improvement works included a new roof for the West Wing and upgrade works to the roof over the college learning zone.

Our regular upgrade programme also included the creation of an extra bedroom and redecoration of all other bedrooms and stairwells in John Lea House, electrical upgrades and rewiring in the main building, the creation of two literacy spaces and a temporary COVID testing centre in the sports hall for staff and students.

Charity No. 311871

Moor House School & College

10

Trustees’ Report

PLANS FOR THE FUTURE

The key strategic priorities that are the foundation of the Moor House Development Plan for 2021/22 are:

Charity No. 311871

Moor House School & College

11

Trustees’ Report

OUR FINANCES

Total income for the year ended 31 August 2021 was £10,485,532 a decrease of £31,019 on the previous year’s total income of £10,516,551. The principal source of income being pupil fees which for the year amounted to £9,870,668 an increase of £677,874 on the previous year mainly as a result of an increase in pupil numbers from 179 to 186, reflecting the high esteem in which Moor House is held. 98% of pupil fees are funded by Local Authorities. Total income also includes restricted fundraising income of £403,992 (2020: £987,950), including donations of £45,000 (2020: £780,000) towards the new Therapy Hub. Total expenditure was £8,672,366 (2020: £8,021,604) an increase of £650,762 due mainly to higher staff costs reflecting an increase in staff numbers as a result of the increase in pupil numbers and the recruitment of additional specialist staff for the benefit of all pupils. Net income for the year was £1,813,166 (2020: £2,494,947).

The year-end revaluation of Moor House’s defined benefit pension liability resulted in an actuarial loss of £190,000 (2020: loss £1,137,000) which is included in other recognised gains/(losses) resulting in a net surplus for the year of £1,623,166 (2020: Surplus £1,357,947). The actuarial loss for the year reflects a return on the scheme’s assets for the year of £1,793,000 and actuarial losses of £1,983,000, due mainly to an 0.60% increase in the assumed pension increase rate, and a reduction in the assumed discount rate from 1.9% to 1.65%, as a result of an increase in the CPI rate and a fall in the corporate bond yield rate respectively over the period.

Reserves

Total funds increased during the year by £1,623,166 to £6,089,479 at 31 August 2021 (2020: £4,466,313). Total Funds comprise an Endowment Fund of £62,639 (2020: £72,363), which cannot be spent, Restricted Funds of £768,883 (2020: £737,729), which can only be spent on the purpose for which they were given as described in note 14 and Unrestricted Funds of £5,257,957 (2020: £3,656,221). Total Unrestricted Funds comprise an amount of £3,376,869 (2020: £3,309,449) which has been designated as it has been invested in the charity’s buildings and other fixed assets and can only be realised by disposing of the tangible fixed assets to which it relates and is therefore not freely available to spend, a Welfare Fund of £17,916 (2020: £22,476) which can be used for the benefit of students and a negative Defined Benefit Pension Reserve of £2,902,000 (2020: £2,768,000) leaving a General Unrestricted fund of £4,765,172 (2020: £3,092,296), which is freely available for expenditure.

The Trustees reserves policy is to hold a General Unrestricted Fund equivalent to one term’s operational expenditure, currently £2.8 million, to allow for the maintenance of the services provided and for adequate working capital if there was a temporary reduction in income or incursion of unforeseen costs. In addition, the Trustees are committed to ensuring Moor House’s facilities are kept to the highest standard for the benefit of all its pupils, such as the current committed expenditure on the new Therapy Hub, as described in note 17, which will significantly reduce the Fund. The General Unrestricted Fund at 31 August 2021 was £4,765,172 (2020: £3,092,296). The Trustees keep this policy under regular review.

Charity No. 311871

Moor House School & College

12

Trustees’ Report

DEFINED BENEFIT PENSION RESERVE

Moor House participates in the Surrey Pension Fund, part of the Local Government Pension Scheme (LGPS), a defined benefit scheme, which was closed to new Moor House entrants in 2008. Moor House engages an independent actuary to carry out a valuation, for accounting purposes, of the Fund at the balance sheet dates. As described in Note 13 to the accounts, a negative Pension Reserve of £2,902,000 (2020: £2,768,000) was required at 31 August 2021. In view of the long-term nature of this liability it has been shown in the balance sheet as a negative Pension Reserve. The Trustees requested a covenant review by LGPS with the result that Moor House is paying additional secondary contributions to the Scheme of £144,000 p.a.. In addition, the Trustees engaged an independent firm of consulting actuaries to advise them on the options available to them to best manage the liability, and the resulting advice is fully reflected in the Trustees’ financial strategy for Moor House and in their regular monitoring of Moor House’s finances.

GOING CONCERN

Through the year the COVID-19 pandemic continued to have a significant impact including Government-imposed lockdowns. Moor House went into partial lockdown in January but stayed open for vulnerable pupils and the children of key workers and began a phased reopening for other students in March and is now fully open. Despite these partial lockdowns all Local Authorities fees, for all pupils, were paid on time and in full. The number of pupils in the School and College is again up on the year just ended and the Trustees do not believe that COVID-19 will have a material detrimental effect on Moor House’s future finances.

Other key risks which could potentially affect Moor House include demand for places and capacity for day and residential students, pressure on Local Authorities funding, expansion of facilities on site whilst ensuring student provision is maintained, and recruitment and retention of specialist staff. In addition, as described in note 17 there is an outstanding capital commitment of £1,766,685 in respect of the Therapy Hub currently under construction. The funds for this will firstly come from the restricted Fund of £768,883 and the balance of £997,802 from the Unrestricted General Fund of £4,765,172.

Having reviewed these risks and in view of the strong level of projected net income and Unrestricted General Funds and in the absence of any material uncertainties the Trustees consider Moor House to be a going concern for the forthcoming year and the foreseeable future.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Moor House operates under a scheme document which was sealed by the Charity Commissioners for England and Wales on 1st June 1998, as amended by resolution dated 9th December 2013, which includes the regulations for the appointment of Trustees. Moor House’s purpose is the advancement of education by running a special school within the meaning of the Education Act 1993, as set out in its scheme document.

Charity No. 311871

Moor House School & College

13

Trustees’ Report

Organisation structure

The Board of Trustees is responsible for the overall management and control of Moor House. Whilst the ultimate responsibility rests with the Board of Trustees which deals with strategic and financial issues, other operational considerations are delegated to the Board of Governors, with day-to-day matters being handled by the Principal, Bursar and Senior Management Team. All Trustees are Governors and in addition there are two Parent Governors, one Staff Governor and one Teacher Governor. The Principal and Bursar attend all Trustee and Governor meetings.

The sub-committees of Moor House were:

1. Finance & Audit Committee -

Monitors, supports and recommends improvements in financial planning, control and performance to ensure long term sustainability. Provides trustees with assurance and recommendations on the effectiveness of use of resources, risk management, financial controls and fraud. Liaison with external auditors.

2. Human Resources and Governance Committee

Monitors, supports and recommends improvements in the implementation of Moor House School & College human resources strategies and plans in support of its aims for students and the welfare of staff. To ensure that the governance structures and processes are fit for purpose.

  1. “Every Child Matters” Committee -

Monitors, supports and recommends improvements in the outcomes of the Government’s Every Child Matters agenda. Monitors safeguarding via termly monitoring visits and the work of the safeguarding Trustees.

4.

Progress & Attainment Committee -

Monitors, supports and recommends improvements in all aspects of student progress and attainment in education, therapy and care including health and well-being.

5. Pay Committee

Decides the pay of senior managers and recommends pay and renumeration policy for groups of staff.

  1. Research and Training Institute Development Committee

Steers and supports the development of the Research and Training Institute and oversees the work of the Research Ethics Panel.

Charity No. 311871

Moor House School & College

14

Trustees’ Report

TRUSTEES (membership of sub-committees in brackets)

Mr S Dennison (1; 2; 3; 5) Chair (Appointed Chair 1 September 2021) Mr D F Badman (2; 5) Mrs C Combes (3; 4) Mr J A Dick (1; 4) Mrs L Harlow (6) Mrs S Jones (2; 3; 4) Resigned 31 July 2021 Mr D Marnham (1) Mr K Maskell (4; 6) Mr R Perry (1) Mrs L Middleditch (3) Mr D Taylor (1; 2; 5) Resigned Chair 1 September 2021, Resigned Trustee 31 December 2021 Mr S Gooch (2; 4) Appointed 1 September 2021 GOVERNORS All Trustees, as listed above plus Shauna Ramsaran (2; 6) Teacher Governor Mr W Gunston Parent Governor Mrs J Irvine (3) Parent Governor Mrs J Vallance (3) Staff Governor KEY OFFICERS Mrs H A Middleton (1; 2; 3; 4; 6) Principal Dr S Ebbels (6) Director of Research & Training Institute Ms J Kingham (1; 2; 5) - Resigned 31/07/21 Bursar & Business Manager Mr C Sharp (1; 2; 5) - Appointed 01/09/21 Bursar & Business Manager Mr J Mansell (3; 4) Deputy Headteacher – Curriculum and KS4 Mrs N Maric (3; 4) Head of Therapy Mrs Barbara Martin (3; 4) Head of Residential Care Mrs M Van-Niekerk (3; 4) Deputy Headteacher – College Mrs S Williams (3; 6) Deputy Headteacher KS2/KS3

Charity No. 311871

Moor House School & College

15

Trustees’ Report

The chairs of the Committees are appointed by the Trustees. All Trustees and Governors give their time freely and no remuneration or reimbursement of expenses was paid in the period. No Trustee or Governor or person connected with them received any benefit from Moor House, other than the Staff and Teacher Governors in the normal performance of their duties and the Parent Governors in the normal attendance of their children at Moor House.

Organisation management

The Trustees and Governors determine Moor House’s general policy. The day to day running of Moor House is delegated to the Principal, supported by the senior staff. The Principal undertakes the key leadership role overseeing educational, therapeutic, pastoral and administrative functions in consultation with senior staff. Day to day administration is undertaken within the policies and procedures approved by the Trustees and Governors; this provides for significant expenditure decisions and major capital projects to be approved by Trustees and Governors. Trustees and Governors conduct a programme of monitoring and reviews on a range of key areas of operation.

The Principal oversees the recruitment of senior staff, whilst under delegated authority the Deputy Headteachers, the Heads of Therapy and Residential Care and the Bursar oversee the recruitment of their staff. The Trustees are involved in the recruitment of members of the Senior Management Team including the Principal. Key management remuneration is set in accordance with Moor House’s performance management framework including the Performance Related Pay Policy for Teachers and “Agenda for Change” for Therapists.

Other Relationships

Moor House is a member of the National Association of Independent Schools and Non-Maintained Special Schools (NASS) which provides opportunities to share expertise, knowledge and experience across the special school sector.

Risk Management

The Trustees are responsible for the management of risks and have delegated primary consideration thereof to the Finance & Audit Committee and receive regular reports themselves. Moor House has established procedures and controls to assess and regularly review operational and financial risks. These controls include:

Charity No. 311871

Moor House School & College

16

Trustees’ Report

As well as regular in-house inspections, a full independent external Health and Safety Audit and Fire Risk Assessment are each completed annually and reported to Governors to ensure the safety and welfare of the whole community. Health and Safety procedures and risk assessments are periodically reviewed. Risk assessments are undertaken for major projects and reviewed by Trustees.

The Trustees are satisfied that major risks are adequately mitigated and that reasonable procedures are in place to deal with them should they arise.

Moor House is committed to promoting good health and safety amongst its employees, students, their families and visitors and complying with all relevant health and safety legislation.

Moor House is committed to the “Safeguarding of all children”. All staff and Governors receive child protection training: all members of the Senior Management Team and two Trustees have received “Safer Recruitment” training. This training is regularly updated. Trustees and Governors undertake safeguarding monitoring and reviews and oversee maintenance of the single central record.

Trustee and Governor Recruitment and Training

Moor House maintains a Board of Trustees with a range of appropriate skills. New Trustees and Governors are appointed by the Board of Trustees after suitable and appropriate vetting. Each Governor and Trustee is provided with a handbook detailing key information about the School’s services and operation. An induction programme organised by the Board and Moor House’s Senior Management Team ensures that newly appointed Trustees are acquainted with all relevant Board and individual Trustee responsibilities, including child protection training.

TRUSTEES’ RESPONSIBILITIES

The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming

resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:

Charity No. 311871

Moor House School & College

17

Trustees’ Report

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements

comply with the Charities Act 2011 and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity, making proper allocation as required by charity law, and taking reasonable steps for the prevention and detection of fraud and other irregularities.

AUDITORS

Moor House has re-appointed Moore Kingston Smith LLP to act as auditors this year.

BY ORDER OF THE BOARD OF TRUSTEES

31st January 2022

Charity No. 311871

Moor House School & College

18

Trustees’ Report

Acknowledgements

The Trustees are grateful to the following funders who have donated or pledged to recent and current projects.

Trusts & Foundations:

For Therapy Hub

For Sensory Garden

For Multi-Use Games Area

Others

We are also most grateful to the many individuals and families who have generously donated, raised sponsorship money or secured corporate donations for Moor House. Our donors and supporters have enabled us to provide facilities which would not otherwise be available to our children and students.

Charity No. 311871

Moor House School & College

19

Professional Advisors & Key Information

Auditors

Moore Kingston Smith LLP

Devonshire House 60 Goswell Road London EC1M 7AD

Bankers

Lloyds TSB Bank plc 23 Station Road West Oxted Surrey RH8 9EL

The Trustees are very grateful for the pro-bono support of their solicitors Osborne Clark LLP, One London Wall, London, EC2Y 5EB. This mainly involves commercial and contractual advice.

For further information on how you can support us visit moorhouseschool.co.uk/support-us

Registered Office:

Moor House School & College Mill Lane, Hurst Green, Oxted, Surrey, RH8 9AQ

Telephone: 01883 712271 Email: info@moorhouseschool.co.uk Website: www.moorhouseschool.co.uk

Charity No. 311871

Moor House School & College

20

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF MOOR HOUSE SCHOOL AND COLLEGE

Opinion

We have audited the financial statements of Moor House School and College for the year ended 31 August 2021 which comprise of the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

21

Charity No. 311871

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s Responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

22

Charity No. 311871

disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charity to cease to continue as a going concern.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the charity.

Our approach was as follows:

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

23

Charity No. 311871

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Chapter 3 of Part 8 of the Charities Act 2011. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to any party other than the charity and charity's trustees as a body, for our audit work, for this report, or for the opinion we have formed.

Moore Kingston Smith LLP Statutory auditor Devonshire House 60 Goswell Road London EC1M 7AD

Moore Kingston Smith LLP is eligible to act as auditor in terms of Section 1212 of the Companies Act 2006.

Date: 23 February 2022

24

Charity No. 311871

Moor House School & College

Statement of Financial Activities For the Year Ending 31[st] August 2021

Unrestricted Unrestricted Restricted Endowment
TOTAL		 TOTAL
Notes Funds Funds Fund FUNDS FUNDS
2021 2020
£ £ £ £ £
INCOME
Income from charitable activities
School and College fees 9,870,668 9,870,668 9,192,794
Assessment Fees 44,650 44,650 21,950
Training courses & lecture fees 109,211 109,211 66,651
Grants 2 331,748 331,748 168,169
Bursaries,Pupil Premium,sundry 30,938 30,938 45,856
Bank Interest 1,673 1,673 9,047
Donations
Donations 11,150 65,000 76,150 955,417
Fundraising Events 398 398 3,253
Parents contributions 7,244 7,244 18,183
Income from trading activities
Catering 3,214
Rent from flats 12,852 12,852 17,062
Hire of swimming pool & hall 14,955
-------------------- -------------------- -------------------- ------------------------ ------------------------
Total Income 10,081,540 403,992 10,485,532 10,516,551
-------------------- -------------------- ------------------- ----------------------- ------------------------
EXPENDITURE
Charitable activities
Education & speech therapy:
Staff costs 3 6,854,772 116,559 6,971,331 6,340,646
Education costs 4
334,343		 133,671 468,014 491,819
Admin & establishment 5
509,148		 112,292 621,440 592,585
Domestic costs 6
174,272		 174,272 152,254
Depreciation 9 206,131 9,724 215,855 217,380
Interest 7
191,642		 191,642 176,477
Fundraising activities
Fundraising & marketing 19,496 10,316 29,812 50,443
-------------------- -------------------- -------------------- ------------------------ ------------------------
Total Expenditure 8 8,289,804 372,838 9,724 8,672,366 8,021,604
-------------------- -------------------- -------------------- ------------------------ ------------------------
NET INCOME/(EXPENDITURE)
 1,791,736 31,154 (9,724) 1,813,166 2,494,947
Transfers between funds
Other recognised gains/(losses):
Actuarial loss on defined benefit
pension scheme 13 (190,000) (190,000) (1,137,000)
-------------------- -------------------- -------------------- ----------------------- ----------------------
NET MOVEMENT IN FUNDS 1,601,736 31,154 (9,724) 1,623,166 1,357,947
Reconciliation of funds:
Total funds brought forward
3,656,221 737,729 72,363 4,466,313 3,108,366
-------------------- -------------------- -------------------- -------------------- --------------------
FUNDS CARRIED FORWARD 5,257,957 768,883 62,639 6,089,479 4,466,313
========= ========= ========= ========= =========

The notes on pages 28 to 40 form part of these Financial Statements All transactions are derived from continuing activities

There are no recognised gains or losses other than the results for the year as set out above

25

Charity No. 311871

Moor House School & College

Balance Sheet As at 31[st] August 2021

2021 2020
Notes £
£		 £
£
FIXED ASSETS
Tangible assets 9 6,325,071 6,381,310
CURRENT ASSETS
Debtors 10 2,411,402 1,976,564
Cash and cash equivalents 6,291,942 4,790,689
-------------------- --------------------
8,703,344 6,767,253
CREDITORS: Amounts falling due
within one year 11 (3,271,876) (3,028,863)
-------------------- --------------------
NET CURRENT ASSETS 5,431,468 3,738,390
-------------------- --------------------
TOTAL ASSETS LESS CURRENT LIABILITIES 11,756,539
10,119,700
CREDITORS: Amounts falling due
after more than one year 11 (5,667,060) (5,653,387)
-------------------- --------------------
TOTAL NET ASSETS 6,089,479 4,466,313
========= =========
FUNDS
Unrestricted funds
General fund 14 4,765,172 3,092,296
Welfare fund 14 17,916 22,476
Designated fund 14 3,376,869 3,309,449
-------------------- --------------------
8,159,957 6,424,221
Defined benefit pension reserve 14 (2,902,000) (2,768,000)
-------------------- --------------------
TOTAL UNRESTRICTED FUNDS 5,257,957 3,656,221
Restricted funds 14 768,883 737,729
Endowment fund 14 62,639 72,363
-------------------- --------------------
TOTAL CHARITY FUNDS 6,089,479 4,466,313
========= =========

Approved by the Board of Trustees on 31 January 2022 and signed on its behalf by:

TRUSTEES

The notes on pages 28 to 40 form part of these Financial Statements

Charity No. 311871

26

Moor House School & College

Cash Flow For the Year Ending 31[st] August 2021

2021 2020
£ £
Cash flows from operating activities
Cash generated by operations 1,774,804 1,767,615
Investing activities
Purchase of tangible fixed assets (159,616) (210,898)
Sale of tangible fixed assets 5,100
Financing activities
Loan repaid (113,935) (108,478)
─────── ───────
Net cash used in investing & financing activities (273,551) (314,276)
Net increase in cash and cash
Equivalents 1,501,253 1,453,339
Cash and cash equivalents at beginning of year 4,790,689 3,337,350
─────── ───────
Cash and cash equivalents at end of year 6,291,942 4,790,689
═══════ ═══════
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2021 2020
£ £
Net income for the reporting period 1,813,166 2,494,947
Adjustments for:
(Profit) on disposal of fixed assets (5,100)
Depreciation of tangible fixed assets 215,855 217,380
Movements in working capital:
(Increase) in debtors (434,838) (963,742)
Increase in creditors 180,621 24,130
─────── ───────
1,774,804 1,767,615
═══════ ═══════
CASH AT BANK AND CASH EQUIVALENTS
2021 2020
£ £
Cash at bank and in hand 4,171,336 2,671,379
Cash equivalent (32 day notice bank account) 2,120,606 2,119,310
─────── ───────
Cash and cash equivalents at end of year 6,291,942 4,790,689
═══════ ═══════
At 1 Sept Cash flows Non cash At 31 Aug
2020 £ £ changes £ 2021 £
Cash
 4,790,689 1,501,253 6,291,942
─────────────────────────── ───────
Borrowings- due within one year 114,111 (113,935) 120,327 120,503
Due after more than one year 2,885,387 (120,327) 2,765,060
─────────────────────────── ───────
2,999,498 (113,935) 2,885,563
─────────────────────────── ───────
Total Net Cash & equivalents 1,791,191 1,615,188 3,406,379
═══════════════════════════ ═══════

The notes on pages 28 to 40 form part of these Financial Statements

Charity No. 311871

27

Moor House School & College

Notes to the Financial Statements For the Year Ending 31[st] August 2021

  1. ACCOUNTING POLICIES

Trust Information

Moor House School & College is a charitable trust sealed by the Charity Commissioner for England and Wales on 1[st] June 1998.

1.1 Accounting Convention These accounts have been prepared in accordance with FRS102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS102”), “Accounting and Reporting by Charities”: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) effective 1 January 2019. The charity is a public benefit entity as defined by FRS102.

The accounts are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

Comparative Figures

The comparative figures are for the 12 months ended 31 August 2020.

The Trustees do not consider that the continuing COVID-19 pandemic will have a material effect on Moor House’s finances. With increased pupil numbers, solid levels of reserves, a firm control over expenditure and in the absence of any material uncertainties over the Charity’s ability to continue, it is considered by the Trustees to be a going concern for the forthcoming year and the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the accounts.

Designated funds comprise unrestricted funds which have been set aside at the discretion of the Trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the accounts.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts.

The Endowment Fund was established in accordance with the Charity Scheme to include as a permanent endowment the site and buildings at the Charity Scheme date.

1.4 Income

Donations and other income is recognised once the amounts can be measured reliably and it is probable that income will be received. Tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time the donation is recognised. Full accrual is made on interest income receivable.

Expenditure is accounted for on an accruals basis and liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay the sum due. Irrecoverable VAT is included with the item of expense to which it relates. Governance costs

Charity No. 311871

28

Moor House School & College

Notes to the Financial Statements For the Year Ending 31[st] August 2021

comprise those relating to external audit and legal and professional charges relating to the preparation and examination of the annual statutory accounts.

Tangible fixed assets are initially measured at cost and subsequently measured at cost net of depreciation and any impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost of each asset evenly over its expected useful life on a straight line basis using these annual rates:

Freehold buildings 2%
Leasehold Buildings 2%
IT Equipment 20%
Motor Vehicles 20%
Other Equipment 15%

It is the policy of the School only to capitalise items with a unit cost over £1,000 and a useful life greater than one year. New building are depreciated from the date of first use. Staff costs incurred on development projects are capitalised. Depreciation on the original Freehold Buildings is charged to the Endowment Fund, with all other depreciation being charged to the General Fund. The profit or loss arising from the disposal of an asset is determined as the difference between the sale proceeds and the book value of the asset and is recognised in the Statement of Financial Activities.

At each reporting end date, the Charity reviews the book value of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If so an estimate would be made of the impairment loss, and recognised immediately in the accounts.

1.8 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material the provision is based on the present value of these amounts, discounted at the discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

The Charity only holds basic financial instruments as defined by FRS102. Basic financial instruments are initially recognised at transaction value and subsequently measured at

29

Charity No. 311871

Moor House School & College

Notes to the Financial Statements For the Year Ending 31[st] August 2021

amortised cost. Financial assets held at amortised cost comprise cash and cash equivalents together with trade and other debtors. Financial liabilities held at amortised cost comprise trade creditors and bank loans.

ii) The School participates in the Surrey County Council Local Government Pension Scheme (“LGPS”), a defined benefit scheme which is closed to new Moor House School entrants. The scheme is subject to a triennial valuation by an independent actuary the latest being as at 31 March 2019.

Moor House engage an independent actuary to roll forward the 31 March 2019 valuation each year end. The liability recognised in the balance sheet in respect of the defined benefit plan is the present value of the defined benefit obligations less the fair value of the plan assets at the reporting date. The defined benefit obligation is calculated using the projected unit credit method and the fair value of plan assets is measured in accordance with the FRS102 fair value hierarchy.

The change in the net defined benefit liability arising from employee service during the year is recognised as an employee cost in the SOFA. The net interest element is recognised as other financial interest in the SOFA. Remeasurement changes comprise actuarial gains and losses arising from experience adjustments and the return on plan assets. These are recognised in other gains and losses in the SOFA.

iii) The School also operates a defined contribution stakeholder scheme for eligible staff, and pension contributions are charged in the SOFA as they become payable.

2. GRANTS

During the year Moor House received grants totalling £331,748 (2020: £168,169) which were fully or partially utilised during the year in compliance with the regulations governing their use.

Charity No. 311871

30

Moor House School & College

Notes to the Financial Statements For the Year Ending 31[st] August 2021

3. STAFF COSTS 2021 2020
£ £
Salaries & wages 5,814,037 5,293,188
Social Security & Pension Costs:
National Insurance 511,784 441,323
Teachers Pension Scheme (note 13) 274,988 230,785
Surrey LGPS current service cost (note 13) 197,000 220,000
Stakeholder Pension Scheme (note 13) 173,522 155,350
---------------- ---------------
6,971,331 6,340,646
═══════ ═══════

The average monthly number of full and part time employees during the year was 209 (2020:199)

As at the end of the summer term 2021 the number of Full Time Equivalent (FTE) employees was 177 (2020:165)

The average monthly number of FTE employees during the year was 174 (2020:167) comprising:

comprising:
2021 2020
Teachers & Special Teaching Assistants 69 65
Residential Child Care 32 31
Therapists & Psychologist 32 32
Research Institute 2 2
Administration 17 17
Catering & Domestic 14 13
Maintenance 6 5
Fundraising & Marketing 2 2
------------------- --------------------
174 167
======== ========

The Senior Management Team received salary and benefits, including employer’s pension contributions and national insurance to the value of £782,995 (2020:£722,226). SMT comprised: Principal, Bursar and Business Manager, Head of Residential Care, Head of Therapy, Director of Research and Training Institute, Deputy Headteacher-College, Deputy Headteacher- KS2 and KS3, Deputy Headteacher- curriculum and KS4.

The number of employees whose emoluments for the year were above £60,000 pa and who were also accruing benefits under a pension scheme was:

2021 2020
£60,000-£69,999 4 4
£70,000-£79,999 3 2
£100,000-£109,999 1 1
Total 8 7

No Trustee received or waived any remuneration or pension benefits during the year or received any other benefits from the charity or a related party. No Trustee was reimbursed out of pocket expenses (2020: nil). The School has taken out a public liability insurance policy that provides professional indemnity cover for the Trustees, Governors and staff of the charity.

31

Charity No. 311871

Moor House School & College

Notes to the Financial Statements For the Year Ending 31[st] August 2021

There is a valuable contribution made by volunteers, especially with regard to fundraising events. Their contribution to the School cannot be reasonably quantified in financial terms and so has not been included in these accounts.

4. EDUCATION COSTS 2021 2020
£ £
FE College 245,072 254,701
Education materials 37,763 19,710
Pupil trips and welfare 42,462 72,271
Staff training and welfare 37,021 40,281
IT 70,979 77,592
Motor vehicles 26,604 19,575
Examinations 8,113
7,689
-------------------- --------------------
468,014 491,819
======== ========
5. ADMIN AND ESTABLISHMENT 2021 2020
£ £
Utilities 179,548 192,698
Repairs and maintenance 203,697 155,010
Equipment (non capital) 29,395 41,543
Licences,consultancy and professional fees 76,213 74,462
Research & development 7,796 3,402
Staff recruitment and advertising 19,517 17,093
Printing, postage, stationery 40,236 41,195
Insurance 44,673 39,954
Leases,travel,sundry 3,991
13,230
(Profit) on disposal of fixed assets (5,100)
External audit 16,374 19,098
--------------------- ------------------------
621,440 592,585
========= =========
6. DOMESTIC COSTS 2021 2020
£ £
Catering 113,883 113,031
Domestic supplies 53,764 32,360
Medical 6,625
6,863
---------------------- ---------------------
174,272 152,254
========= ========
7. INTEREST 2021 2020
£ £
Loan interest 139,642 145,477
Net interest on LGPS post employment benefits (note 13) 52,000 31,000
---------------------- ---------------------
191,642 176,477
========= =========

Charity No. 311871

32

Moor House School & College

Notes to the Financial Statements For the Year Ending 31[st] August 2021

8. TOTAL EXPENDITURE

TOTAL EXPENDITURE
Education Fundraising 2021 2020
& Therapy
ActivitiesGovernance		 Total Total
£ £ £ £
Support Service Costs:
Admin, maintenance,
Finance,HR,IT 643,540 643,540 597,679
Fundraising/Marketing 101,432 101,432 118,146
Governance 25,584
25,584		 29,480
--------------------- ---------------------
--------------------
---------------------		 --------------------
643,540
101,432
25,584
770,556		 745,305
Direct Charitable Costs 7,901,810 7,901,810 7,276,299
-------------------------- --------------------
-------------------- ------------------------- --------------------------
8,545,350
101,432
25,584 8,672,366 8,021,604
=========== ========
======== ========== ==========
TANGIBLE FIXED ASSETS
IT & other Motor
Freehold Leasehold
Projects
Total Equipment Vehicles
Land &		 Buildings
L&B WIP
Buildings
£ £ £
£		 £
£
COST
At 1 September 2020 8,093,082 312,133 169,180 7,405,336 109,333 97,100
Additions 159,616 28,525 131,091
Transfers 41,687 (41,687)
---------------------- ------------------- ------------------- ---------------------- -------------------
----------------
At 31 August 2021 8,252,698 340,658 169,180 7,447,023 109,333 186,504
========= ======== =================== ======= =======
DEPRECIATION
At 1 September 2020 1,711,772 174,821 119,765 1,364,493 52,693
Charge for the Year 215,855 49,311 15,534
148,823		 2,187
---------------------- ------------------- ---------------- ---------------------- ----------------
----------------
At 31 August 2021 1,927,627 224,132 135,299 1,513,316 54,880
========= ======== ======== ========= =======
=======
NET BOOK Amount
At 1 September 2020 6,381,310 137,312 49,415 6,040,843 56,640
97,100
========= ======== ======== ========= =======
=======
At 31 August 2021 6,325,071 116,526 33,881 5,933,707 54,453 186,504
========= ======== ======== ========= =======
=======

9. TANGIBLE FIXED ASSETS

Freehold Buildings includes Freehold Land at cost of £1,500. The Trustees consider that there is a material difference between the book amount and the market value of the land and buildings. The buildings are insured at a reinstatement cost of £24.1m.

L&B Work in Progress project additions in the year comprised Therapy Hub (£123,513), Food Tech room (£934) and West Wing conversion (£6,644). This completed the last two projects so £41,687 total costs were transferred to Freehold Land and Buildings: Food Tech room (£31,277) and west wing conversion (£10,410).

Charity No. 311871

33

Moor House School & College

Notes to the Financial Statements For the Year Ending 31[st] August 2021

----- Start of picture text -----
||||| |---|---|---|---| |10.|DEBTORS|2021|2020| |£|£| |Trade debtors|2,332,046 1,669,782| |Donations receivable|250,000| |Prepayments|79,356 56,782| |--------------------------|------------------------| |2,411,402 1,976,564| |==========|==========| |11.|CREDITORS| |2021|2020| |Amounts falling due within one year:|£|£| |Trade Creditors|97,842|79,780| |Other Creditors, including taxation and social security costs|203,887 227,336| |Bank Loans|120,503 114,111| |Accruals & Deferred Income (note 12)|2,849,644 2,607,636| |-------------------------- -------------------------| |3,271,876 3,028,863| |=========== ==========| |Amounts falling due after more than one year:| |Bank Loans: repayable in two to five years|544,579 516,275| |Bank Loans: repayable in more than five years|2,220,481 2,369,112| |Defined benefit pension liability|2,902,000 2,768,000| |------------------------|------------------------| |5,667,060 5,653,387| |========= ==========|

----- End of picture text -----

Moor House has three bank loans, which are secured by first legal charges over the freehold land and buildings known as Moor House School & College, Mill Lane, Hurst Green, Oxted, Surrey. The first loan of £500,000, used to support the development of the Sports Hall and Swimming Pool, is repayable in instalments, with the last instalment due on 1 February 2029 (interest rate= 6.05%).The second loan of £600,000, used to develop the Sixth Form accommodation building known as John Lea House, is being repaid over 25 years, with the last instalment due on 19 February 2037 (interest rate= 6.00%). The third loan of £2,500,000 was used to support the development of the School accommodation building known as The Village and is being repaid over 24 years with the last instalment due on 28 August 2040 (interest rate= 4.32%).

----- Start of picture text -----
||||| |---|---|---|---| |12.|ACCRUALS & DEFERRED INCOME|2021|2020| |£|£| |Deferred income at beginning of the period|2,474,331 2,296,913| |Incoming resources deferred in current period|2,760,932 2,474,331| |Amounts released from previous periods|(2,474,331)(2,296,913)| |-------------------------- -----------------------------| |Deferred income at 31 August|2,760,932 2,474,331| |Accruals|88,712|133,305| |-------------------------- -----------------------------| |2,849,644 2,607,636| |=========== ===========|

----- End of picture text -----

Amounts are recognised in the Statement of Financial Activities in the period in which the service is provided. Deferred income is mainly fee income received in advance of the period it covers.

Charity No. 311871

34

Moor House School & College

Notes to the Financial Statements For the Year Ending 31[st] August 2021

13. PENSION SCHEMES

LOCAL GOVERNMENT PENSION SCHEME

Some employees of the School participate in the Surrey County Council Local Government Pension Scheme (LGPS) which is a defined benefit scheme. This is closed to new members from this School. The assets of the Fund are held in externally managed funds invested by professional investment managers. Participation in the Scheme is by virtue of the School’s status as an Admitted Body.

A full triennial valuation of the Scheme was carried out as at 31 March 2019 by an independent actuary using a risk based methodology. This valuation has been rolled forward by an independent actuary to the balance sheet date using the projected unit credit method of valuation required by FRS102, allowing for the different financial assumptions allowed under that accounting standard. The 31 August 2021 valuation shows:

2021 2020
£ £
Fair value of the School’s scheme assets 10,639,000 8,639,000
Present value of funded liabilities 13,541,000 11,407,000
-------------------------- -----------------------------
Closing position at 31 August (2,902,000) (2,768,000)
=========== ===========
The key assumptions used by the actuary were:
2021
2020
Discount rate for scheme liabilities 1.65% 1.90%
Rate of increase in salaries 3.80%
3.20%
Rate of increase in pensions 2.70% 2.10%
Inflation (CPI) 2.70%
2.10%
Longevity in years at age 65 retiring at balance sheet date:
-
Males		 22.3 22.1
-
Females		 24.7
24.3
Longevity in years at age 65 retiring in 20 years:
-
Males		 23.4 22.9
-
Females		 26.4
25.7

Reconciliation of scheme assets and liabilities:

ASSETS LIABILITIES TOTAL
At 1 September 2020 8,639,000 11,407,000 (2,768,000)
Current service cost 197,000 (197,000)
Interest income/(expense) 164,000
216,000		 (52,000)
Employees contributions 31,000
31,000
Employers contributions- primary 161,000 161,000
Employers contributions- secondary 144,000 144,000
Estimated benefits paid (293,000) (293,000)
Remeasurement gains/(losses):
Actuarial losses 1,983,000 (1,983,000)
Return on plan assets 1,793,000 1,793,000
----------------------------------------------------------------------------------------
Position at 31 August 2021 10,639,000 13,541,000 (2,902,000)
====================================

35

Charity No. 311871

Moor House School & College

Notes to the Financial Statements For the Year Ending 31[st] August 2021

The current service cost of £197,000 and the net interest cost of £52,000 have been recognised in the Statement of Financial Activities as operating costs. The actuarial losses of £1,983,000 and the return on plan assets of £1,793,000 have been recognised as net actuarial losses of £190,000. During the three years from 1 April 2020 primary employer contributions will be 34.6% and secondary contributions £144,000 per year.

TEACHERS’ PENSION SCHEME

The School participates in the Teachers’ Pension Scheme (“TPS”) for its teaching staff. The staff costs for the period includes contributions payable to the TPS of £274,988 (2020: £230,785).

The TPS is an unfunded multi-employer defined benefits scheme governed by the Teachers’ Pension Scheme Regulations 2014. Members contribute on a “pay as you go” basis with contributions from members and the employer being credited to the Exchequer. Retirement and other pension benefits are paid from public funds provided by Parliament.

The employer contribution rate is set following scheme valuations undertaken by the Government Actuary’s Department. The latest actuarial valuation caused the employer rate to increase from 16.48% to 23.68% on 1 September 2019.This valuation will also determine the opening balance of the cost cap fund and provides an analysis of the cost cap as required by the Public Service Pensions Act 2013.

STAKEHOLDER SCHEME

The School also contributes to a defined contribution scheme for eligible staff as the School’s auto-enrolment scheme. The pension costs charged in the financial statements represent the employer contributions made by the School £173,522 (2020: £155,350). The increase in contribution is mainly due to an increase in legal minimum contributions.

14. FUNDS FOR THE YEAR ENDING 31 AUGUST 2021

FUNDS FOR THE YEAR ENDIN G 31 AUGUST 2021 G 31 AUGUST 2021
Unrestricted Funds
Restricted Endowment
Total Funds
General Welfare Designated		 Pension Funds
Fund
Total
£ £ £ Reserve £ £ £ £
1 Sept 2020 3,092,296 22,476 3,309,449 (2,768,000) 737,729 72,363 4,466,313
Surplus(Deficit)1,740,296 (4,560) 56,000 31,154 (9,724) 1,813,166
Transfers (67,420) 67,420
Actuarial loss (190,000) (190,000)
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
31 Aug 2021 4,765,172 17,916 3,376,869 (2,902,000) 768,883 62,639 6,089,479
======================================================================================
Restricted Funds At 1 Sept At 31 Aug
2020 Income Expenditure 2021
£ £ £ £
Building Fund-Therapy Hub 734,199 45,000 (10,316) 768,883
Sensory garden 3,530 (3,530)
Multi use games area 20,000 (20,000)
Parents contributions 7,244 (7,244)
Building maintenance grant 112,292 (112,292)
Teachers pay grant 31,074 (31,074)
Teachers pension grant 85,485 (85,485)
PE and sport grant 16,180 (16,180)
Covid catch up grant 86,717 (86,717)
──── ──── ──── ────
737,729 403,992 (372,838) 768,883
══════ ══════ ══════ ══════

Charity No. 311871

36

Moor House School & College

Notes to the Financial Statements For the Year Ending 31[st] August 2021

FUNDS FOR THE YEAR ENDING 31 AUGUST 2020

FUNDS FOR THE YEAR ENDING 31 AUGUST 2020 FUNDS FOR THE YEAR ENDING 31 AUGUST 2020 FUNDS FOR THE YEAR ENDING 31 AUGUST 2020 FUNDS FOR THE YEAR ENDING 31 AUGUST 2020
Unrestricted Funds
Restricted		 Endowment
Total Funds General Welfare Designated Pension Funds
Fund		 Total
£ £
 £ Reserve £ £ £ £
1 Sept 2019 1,423,795 26,076 3,197,729 (1,631,000)
9,679		 82,087 3,108,366
Surplus(deficit)1,740,353 (3,600) 767,918 (9,724) 2,494,947
Transfers (71,852) 111,720
(39,868)
Actuarial loss (1,137,000) (1,137,000)
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
31 Aug 2020 3,092,296 22,476 3,309,449 (2,768,000) 737,729 72,363 4,466,313
======================================================================================
Restricted Funds At 1 Sept At 31 Aug
2019 Income Expenditure Transfers 2020
£ £ £ £ £
Building Fund-Therapy Hub 780,000 (24,001)
(21,800)
734,199
Sensory Garden 13,350 (9,820)
3,530
Ultrasound Equipment 8,248 (8,248)
Parents Contributions 18,183 (18,183)
Building maintenance grant 46,306 (46,306)
Teachers pay grant 29,928 (29,928)
Teachers pension grant 82,935 (82,935)
PE and sport grant 9,679 9,000 (18,679)
──── ──── ──── ──── ────
9,679 987,950 (220,032)
(39,868)
737,729
══════ ══════ ══════ ══════ ══════

The Designated Fund (Fixed Asset Reserve) was established to match the book value of the School’s Fixed Assets less the debt finance related to those assets and less the Endowment Fund. Transfers from the general fund and restricted fund represent the increase in the Charity’s tangible fixed assets and the decrease in related debt financing in the year.

The Welfare Fund represents general income from fundraising activities and donations. The money is spent to enhance the general welfare of the students attending the school.

The Building Fund has been established to support Building Development Projects and donations received in support of the charity’s development programme are credited to the fund. The transfer to unrestricted funds represents the value of completed development project assets paid for from restricted donations. As there are no ongoing restrictions in place the assets are available to be used by Moor House to fulfil its general charitable activities.

The Endowment Fund - the site and buildings of 6.25 acres of Moor House, Hurst Green, Oxted, Surrey constitute the permanent endowment of the Charity in accordance with the Scheme dated 1st June 1998.

The Pension Reserve liability recognised in the balance sheet in respect of the LGPS defined benefit pension scheme is the present value of the defined benefit obligation at the balance sheet date less the fair value of the scheme’s assets at that date.

Charity No. 311871

37

Moor House School & College

Notes to the Financial Statements For the Year Ending 31[st] August 2021

15. ASSET ATTRIBUTION FOR THE YEAR ENDING 31 AUGUST 2021

General Fund Welfare Designated Pension Restricted Pension Restricted Endowment
TOTAL £
Fund Fund Reserve Fund Fund
£ £ £ £ £ £
Fixed Assets 6,262,432 62,639 6,325,071
Current Assets:
Debtors 2,411,402 2,411,402
Cash 5,505,143 17,916 768,883 6,291,942
Creditors:
Loans < 1 year (120,503) (120,503)
Others (3,151,373) (3,151,373)
Creditors:
Loans > 1 year (2,765,060) (2,765,060)
Defined benefit
Pension liability (2,902,000) (2,902,000)
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
4,765,172 17,916 3,376,869 (2,902,000) 768,883 62,639 6,089,479
=================================================================================================
ASSET ATTRIBUTION FOR THE YEAR ENDING 31 AUGUST 2020
General Fund Welfare Designated Pension Restricted Endowment
TOTAL £
Fund Fund Reserve Fund Fund
£ £ £ £ £ £
Fixed Assets 6,308,947 72,363 6,381,310
Current Assets:
Debtors 1,726,564 250,000 1,976,564
Cash 4,280,484 22,476 487,729 4,790,689
Creditors:
Loans < 1 year (114,111) (114,111)
Others (2,914,752) (2,914,752)
Creditors:
Loans > 1 year (2,885,387) (2,885,387)
Defined benefit
Pension liability (2,768,000) (2,768,000)
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3,092,296 22,476 3,309,449 (2,768,000) 737,729 72,363 4,466,313
=================================================================================================

38

Charity No. 311871

Moor House School & College

Notes to the Financial Statements For the Year Ending 31[st] August 2021

  1. STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 31 AUGUST 2020
Unrestricted Restricted Endowment
TOTAL
Notes
Funds
Funds
Fund		 FUNDS
2020
£ £ £ £
INCOME
Income from charitable activities
School and College fees 9,192,794 9,192,794
Assessment Fees 21,950 21,950
Training courses & lecture fees 66,651 66,651
Grants 2 168,169 168,169
Bursaries,Pupil Premium,sundry 45,856 45,856
Bank Interest 9,047 9,047
Donations
General donations 153,819 801,598 955,417
Fundraising Events 3,253 3,253
Parents contributions 18,183 18,183
Income from trading activities
Catering 3,214 3,214
Rent from flats 17,062 17,062
Hire of swimming pool & hall 14,955 14,955
-------------------- -------------------- -------------------- ------------------------
Total Income 9,528,601 987,950 10,516,551
-------------------- -------------------- ------------------- -----------------------
EXPENDITURE
Charitable activities
Education & speech therapy:
Staff costs 3 6,227,783 112,863 6,340,646
Education costs 4
454,957		 36,862 491,819
Admin & establishment 5
546,279		 46,306 592,585
Domestic costs 6
152,254		 152,254
Depreciation 207,656 9,724 217,380
Interest 7
176,477		 176,477
Fundraising activities
Fundraising & publicity costs 26,442 24,001 50,443
-------------------- -------------------- -------------------- ------------------------
Total Expenditure 8 7,791,848 220,032 9,724 8,021,604
-------------------- -------------------- -------------------- ------------------------
NET INCOME/(EXPENDITURE) 1,736,753 767,918 (9,724) 2,494,947
Transfers between funds 39,868 (39,868)
Other recognised gains/(losses):
Actuarial loss on defined benefit
pension scheme (1,137,000) (1,137,000)
-------------------- -------------------- -------------------- -----------------------
NET MOVEMENT IN FUNDS 639,621 728,050 (9,724) 1,357,947
Reconciliation of funds:
Total funds brought forward 3,016,600 9,679 82,087 3,108,366
-------------------- -------------------- -------------------- --------------------
FUNDS CARRIED FORWARD 3,656,221 737,729 72,363 4,466,313
========= ========= ========= =========

Charity No. 311871

39

Moor House School & College

Notes to the Financial Statements For the Year Ending 31[st] August 2021

17. CONTRACTS AND COMMITMENTS

18. FINANCIAL COMMITMENTS

At 31 August Moor House had outstanding commitments for future minimum lease payments under non-cancellable operating leases which fall due as follows:

2021 2020
£ £
Within one year: 3,806 5,790
Between two to five years: 9,516 13,322
-------------------- --------------------
13,322 19,112
-------------------- -------------------

None of the operating leases related to land and buildings.

During the year operating lease payments have been recognised as an expense in the Statement of Financial Activities to the value of £3,806 (2020: £6,939).

19. RELATED PARTIES TRANSACTIONS

Donations received from related parties without conditions during the year amounted to £600 (2020:£1,200).

Charity No. 311871

40

Moor House School & College, Mill Lane, Hurst Green, Oxted, Surrey, RH8 9AQ

01883 712271

info@moorhouseschool.co.uk

www.moorhouse.surrey.sch.uk

@MoorHouseSLCN

facebook.com/MoorHouseSchoolandCollege

Charity No. 311871