OOR Ho Annual Report and Accounts 2022-23 Moor House &hool & College, Mill Lane, Hurst Green, Oxted, Surrey, RH8 9AQ 01883 712271 Registered Charity. 311871 Patron: HRH The Dthes5 of EdInIrgh GCVO
Contents Welcome Trustees, ReF()rt: House's Vision stTrtegy, Objectives and Activities Achievements and Performan ans fv the Fuiu Our FInanS io Structure, Govemantr and Management Trustees, Rq)onsilJ"lities 12 15 AcknoWledgen$ Professional Advisers and Key Information 16 17 Independent Auditorfs RepK)rt 18-21 Finanaal Statements 22-38
Welcome l am pleased, on behalf of the Trustees, to present the Moor House & College Annual ReFK)rt and Accounts for the year ending 31 August 2023. We were delighted to welcome our Patron, Her Royal Highness The Duchess of Edinburgh, to visit and offioally open the new Therapy Hub in April, 2023. We are already seeing the benefit of this exlIent faality and all its resources. Our students remain at the heart of all the work of Mr House and 2022123 was another significant year of great student prTrJre5s. This has receiv external recognition, for example, Ofsted in 2022 praised 'the impressive, collaborative, multidisciplinary approach [that] ensures pupils make outstanding progress with their speech and language" Student SUCC has tRen enabled by the Continu dedication and hard work of all our staff $th individually and, imkK)rtantly, in mUldISap11nary working to maximise the benefit to our students. Demand for pla5 remains high and we will ne& to continue to grow our facilities to cope with increasing numtrErs of students. We have completed two new classraams for KS2 students. Our current plans include significant upgrades to diningi performing and library provision as part of our current strategy to extend and enhance provision. It is not just about buildings, of course, and consideftble focus continues to be placed uwn pastoral care and mental hea5th and wellbeing support of our students. En the summer term, we introdLbced a dedicated resour to help students both during the transition to KS5 and later to life after Moor House College as our students prLxJress into further or higher education, employment, or training. In my view 2022123 has bn an excellent year for MCKK House. Stuart Denni Chair of Trustees & (k)vemors
Trustees. Report The Trustees present their annual repK)rt for the year ending 31 August 2023, under the Charities Act 2011, together with the audited accounts for the year which have trEen prepared under the accounting policies set out therein and follow and comply with the Accounting and Rewrting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordantr with the Financial Repong Standard applicable in the UK and Republic of Ireland (FRS 102) (effettive l January 2019). Moor House's Vision Moor House exists to provide children and students who have severe Developmental Language Disorder (DLD) with an education that prepares them for life as confident and independent members of society. StrategyR Objectives, arKI Activities 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 benefit guidance published by the Charity Commission for England and Wales when reviewing the charity's aims and objectives and in planning future activ.eS. Mwr House is a day and residentlal ccteducational Non-maintsined Special School within the meaning of the Education Act 1996 and welcomes students aged seven to 19 years from all backgrounds with language disorders, induding those with severe DLD. McK)r House aims to prowde its students with an education that prepares them for as independent a Ilfe as possible. All students have an Education, Health and Care Plan {EHCP). Moor House needs to sat15fied that it will be able to educate, support and develop a prospettive student to the kest of their tx)tential. Consequently, Moor House undertakes a lengthy and thorough admlssions assessment pr(Ke55 to ensure that any prospettive student is able to benefit from the intensive therapy and teaching that M(x)r House provides. An individual's economic statusi gender, ethniaty, ra, religion, or non-DLD disalJ"likn'es play no part in the assessment process. on a student starts at Moor House, teams of speech and language therapists and occupational therapists work closely with the teachlng staff to provide the appropria specialist eduGltion and therapy to fit their individual needs. Students come from acmss the countryi but mostly from the South of England. Moor House achieves its vision and aims by:
eXtrIlen of provision in teachingi therapy and residential care withln a highly specialist environment,. breadth of approach and cU1cUluM to meet eath student's needs. integration of teaching, therapy and residential provision by all stsff; provision tailored to meet each studenvs identified needs; knowledgeable and eXperIend staff (x)mmitted to their professions, roles and development of colleagues. working together in a partnership of students, parents, staff and &)vernors,' undertaking peer-reviewed research leading to eViden-baSed innovations; and advising and training other professionals and parents with an interest in DLD related issues. The Trustees are responsible for setting a long-temi strategy and annual priorities that are reflected in the Moor House Development Plan. These reflett our educational aims and ethos within the context of the broader aims we set for Mr House and its students. Fees aE set at a level to maintsin the finandal viablllty of House and at a level that is nsistent with the aim of providing an excellent educatlon to our students. Fees are normally paid by the student's Local Authority but, in eX[lonal Circumstan$, the L((31 Authority may arrange fcr the family to pay part fees. Achievements and Performance The key strategic prioritie5 that were the foundation of the Moor House Development Plan for 2022123 were as follows: (l) Maintain outstanding outcomes for students in all areas of our provislon. Achieved- see StudentAchlevementandPerforman'f0r schw/ and college on rnages 6 and 7. (2) Improve the educational, therapeutic and care provision for students. Adpieved- Speoalist Therapy hub operafyonal for the full academicyearas well as upgrade compkted to mental health and wellbeing spa. (3) Further develq) the facilities and infrastrurture at McKJr House. Adiieval- s* Estates'on page 9. (4) Extend the reath of our student health and welltEing programme. Achieved- the MentalHea/th and Well-being team has been expanded to indude a Child Counselloranda well-beingpractitsoner which hs increased &Se range of Servi on offerand btse timeliness ofsupport available to students across the age ranges. (5) Expand our on-site course offering for college students. Achieved- Moor House now Offe an NOCN Construttion qualification at Level l. Practscal elen7ents of the murse are delivered in a bespoke worbhop created on ste,
(6) Increa our capacity to tter meet demand. Achved- see 'Estates'on page 9. (7) Contlnue our research into language disorders to the tenefit of our own students and the broader community. Achpved- see 'Research & Training Insts"tute'on page 7. (8) Develop outreach Servi to help the tran51tion for students post McM)r House College. PartialtyachÉved- new Transition Ccxydinatorin post. student Achievement and Perforniance- SdThl Moor House has 138 school students in total (2022: 131). All students achieved above experted 'entry to exit, data statistics for a specialist setting, with 100 % achieving at thst exFEcted progress in English and Math's. 77 % of students gained at least one GCSE or equivalent, and we had an increase of 90 G(5E or equivalent entries. Three students gained a Distinction in Level 2 Food & Cookery, whilst our Creative Arts students all gained EL Diploma qualifications, Other highlights included passes for all of our English Language GCSE entries and some strong passes (five or abc)ve) in English Literature, Math's, Saen. In Art at Potteryf two students rereive two Grade 9,5 and one Grade 8. The students participated in a range of extra-curricular activities and a number of educational and residential visits during the year. The students also benefit from Moor House's own 25-metre swimming pool and have the opportunty of participating in an ecensive extra<urricular programme induding srx)rt, mugc and drama dubs, as well as trips out including anema visits. student Achievements & perfornian- College Moor Hcxjse had 71 college students in totsl (2022: 58). As part of Mwr House provision, the students attend a Partner Provider, supported by members of our stsff. This enabled students to follow a wide range of courses induding Art & Design, Media, Icr, E-sports, Horticulture, SherieS, Land based leaming, Catering, Health and Social Care, Travel and Tourism and Animal Management to name a few.
Our College students improved rfOrnian from last year in English and Math's and this was repeated in their courses in other sub]ects that are provided by our partner providers and supwrted by our Staff. At the end of the academic year all 22 of the 23 leavers transitioned successfully into Education, Employment or Training, with one of the leavers still awaiting the outcome of a tribunal. Two students progressed to Universty, I l entered Further Education, three entered employment or trainingi with seven students continuing onto a Post-19 provision. Overall academic achievement in july 2023 resulted in a 46% pass rate in Math's, IOO/o pass rate in PSHCE and 65.546 of students achieved their English qualifications. In addition to this IOOO/o of students achieved their vocational qualifications with 63% achieving merit or distinction grades at Level 1, 47¥0 achieving merit or distinttion grades at Level 2 and 550 achieving merit or distinttion grades at Level 3. NE Data remains 00/0, With no students not belng In Education, EmFloyment or Training when they leave Moor House School & College. Moor House Research and Tralnlng Institute Achievements & Performan The Moor House Research and Training Institute is a department of Moor House School and College with valued contribution to supporting our charitsble aims, namely.. i) informing and validating provision at Moor House; ii) providing resour5 far use at Moor House such as development of Shape Coding and the Wheel of Independen which are integral to provision to our students at Moor House on a daily basis. iii) sharing our research and resources from the work of the Institute outside the organisation to benefit a wide range of children with language disorde. This is achieved through: a) raising aWareSS of language disorders and in particular of DLD; b) carrying out and publishing internatlonally-recogni5ed research into interyentions for children and young peop with DLD, thus improving the quality and range of eviden available to professionals, familiesi policy makers, and researchers,. c) developing and delivering high quality training courses and resources based on our research and extensive practical experience for professionals who work with children with language disorders; and d) influencing policies and practi affecting (hildren with DLD. The research contribut8J to five new paper submissions, with three having been published, namely:_ 'Supporting adjective le8ming by diildren with Deve/opmentalL7nguage Disorder.. Enhancing metalinguistscappr(Bcheg, 'Identifying Developmenta/Language 50rder in Deaf Children &vith Cochlear Implants.. A Case Study of Three Children, and ' The gramn7atica/ty judgment mowhology in children with and without Developn7ents/Language DisordeR. We also carried out further pilot studies on grammar and vocabulary which we will build on in 2023124. This research work informs future provision at Moor House and elsewhere.
TrainiThJ courses continue to te provided for sech and Language Therapists (SLTS), Occupational Therapists (OTS) and those working within Education. Our webinar range wa5 expanded during 2022123 with the development of a new Developmentsl Language Disorder (DLD) Webinar Series focusing on supwrting children with DLD in different curriculum subjects, aimed predominanuy at teachers. Links with the Community and Fundraising The year sav4 the culminab-on of large-scale capital development fundraising wlth the ofFicial opening of the new Speclallst Therapy Hub, and we were delighted to welcome Her Royal Highness The Duchess of Edinburgh to see its impact on stsff and students, and see the significant improvements that have been made Sin her last visit. This yearfs fundraising efforts were focused on supporter-led initiatives. The record-breaking Summer Fete held in May was a tremendous SucsS and brought t(yJether students, ex- students, staff, and the kncal community, for a wami and enjoyab day. The commitment of Moor House parents, carers and supporters was also noteworthy, with individuals undertaking thallenging fundraising activities and hosting fabulous events. The epic South Coast Challenge, London Marathon, Leeds Half Marathon, RideLondon60 and the APEX Super car dub event were anvjng the endeavours that raised substantial amounts for the School & College. We are also extremely grateful to those who made individual donations toward SFeafic projects and to donors who genemusly left gifts in wills, and their families. Moor House School & College has strong ties with the Ial community. The school's storts facilities serve as a hub for various schools and dubs in the area, emphasising Moor House's commitment to keing an attive and inclusive member of the community. Furthemiore, the school opens its doors to local residents, welcoming them to participate in events such as the summer Fete. A notslje vislt from the MP for East Surreyi Claire Coutinho, further strengthen8J community ties and the sthool's termly magazine seNed as a valuable platform for keeping supporters infomied of the schix)I's attivities and achievements. Additionally, partnerships with Handson and 40 volunteers from St lames's Pla Wealth Management resulted in the creation of a wonderful and vibrant sensory garden and a reflection Spo outside the new Therapy Hub. In an effort to engage the community further, McK)r House encourages local residents to become a member of the'Friends of Moor House,, a voluntary association providing a platfonn for individuals with an interest in the school to stay informed about news and developments, and to provide assistan from time to time. Friends of Moor House actively participated in vartous Initiatives this year, showcasing their dedication to SUPFK)rting the school. Notably, they played a vital role in conducting job interviews with students for the second consecutive year, and as part of Mwr House's 75th Anniversaryi played a crucial role in curating an exhibition of documents and photC*3raphs showcasing the rich history of Moor House. Additionallyi Friends of Moor House contributed to the school's library organISatIon and volunteered as gardeners, tending to the beds in the quadrangle. Moor House 15 registered with the Fundraising Regulator and commits to Complian with the Code of Fundraising Practi, The General Data Protection Regulabon, Charity CMISsion guidelines and Moor House's own Ethic31 Fundraising Policy. There have bn no complaints Conrning fundraising activities.
Esiates As part of an agreed rolling programme of refurbishment and repIarnent, improvement works during the year included the o)nversion of the Conferern room into two classrc)oms for Key Stsge 2, meaning that all Key Stage 2 dasses can now directly ac5 the Quad outdoor spa. We also instslled a new intruder alarm system to the residential buildings. Our regular upgrade prLxJramme also induded new r¢X)flng on the Garfield Weston Leaming Zone, replaong the flooring in four classrooms Wlth new (ArFets in the main building, air conditioning was installed to Garfield Weston and three dassrooms in the main buildingi the L(xlge was converted into Offi Spa for the research institute, replament of the main gas supply pipe to the school and continued upgrading of the school's electrical wiring. The highlight of the year was the completion of the extension of the Car Park aikjing an additional 21 much needed parking bays on site. As for the immediate future planning rmission has beer) applied for in respect of a major reftjrbishment of the din1 room and kitchen bl(Kk and it is hoted that we will ke able to carry out this WO towards the end of the current year. Plansfor the FU Mwr House remain committed to ensuring that we continue to maintain our eXllen in provision. The key strategic priorities forming the foundation of the Moor House Development Plan for 2023124 are to: SUPPK)rt the succe55 and wellLEing of our people; expand and enhan provision; supp)rt our students to become confident and independent meMtrrs of lety. and to be rec(xJnised as a Wing Vol in raising awareness and assisting thildren and students with DLD.
Our Finances Total income for the year ended 31 August 2023 of £12,528,113 was an increase of £1,441,323 on the previous year's totsl income of £11,086,790. The prinapal Sour of income was pupil which amounted to £11,738,870 an increase of £1,333,955 on the previous year mainly as a result of an increase in pupil numbers from 189 to 208, reflectsng the high regard in which Moor House is held. 99010 of pupil's fees were funded by Local Authorities. Totsl expenditure of £11,310,039 was a 16 % increase on the previous year's total exnditUre of £9,721,119 refletting inflationary pressures on costs during the year, especially on staff costs. The resulting net operating surplu5 for the year of £1,218,074 is 10.80/0 down on the previous year's surplus of £1,365,671. The year-end revaluation of Mix)r House's defined benefit pension scheme showed a surplus of scheme assets over liabilities of £1,090,000 which was an increase of £136,000 over the 31 August 2022 net surplus of £954,000. The small increase in the surplus mainly arose as a result of an increase in the discount rate used year-on-year from 4.250/0 to 5.25010 offset by a reduttion in the value of the scheme's assets (Note 14). This surplus has again not been recogniseyj in the aOUnts as the Charity is unable to recover any part of the surplus by way of fundS from the scheme. As part of their strategic plan for the Charity the Trustees are planning to undertake major capitsl projects. The first being the complete refurbishment of the existing dining room and kitchen bl¢xK in order to increase dining capacity to meet the increase in student numbers, to create a "quiet" dining area for those students that require such provision and to utxjate kitchen equipment. It is hoped that this projett will commence during the coming year. The intention is that an the dining and kitchen project has been completed it will L followed by the construttion of a performing arts building, a much needed additional facility. The current cost estimate for these t0 projects is in the region of £5.5 million and the Trustees have chosen to set aside £4 million of the Charivs funds towards this cost with the balaTr to be raised through a fundraising campaign. A £4 million Site Development Designated Fund was therefore set up on 31 August 2023. The Charity has a strong balan sheet with net assets at 31 August 2023 of £11,555,224 (2022: £10,337,150) including net cash and cash equivalents of £4,779,557 (2022: £3,786,259) and Unrestri¢tted Funds of £11,512,033 (2022: £10,284,235). The Trustees are committed to ensuring that future investment is met from cash flow generated by its charitsble activities and the cctinUed SUcS of its fundraising campaigns. io
Reserves and Reserve policy Total funds at 31 August 2023 were £11,555,224 (2022.. £10,337,150) and comprised an Endowment Fund of £43,191 (2022: £52,915), which cannot be spent and total Unrestricted Funds of £11,512,033 (2022.. £10,284,235). Of the total Unrestricted Funds an amount of £4,000,000 (2022.. nil) has been earmarked by the Trustees as a Designated Site Development Fund and £5,812,548 (2022., 5,755,950) as a Designated Fixed Asset Fund as this amount has been invested in the Charity's buildings and other fixed assets used in the delivery of the services to the beneficiaries and is not freely available to spend, a Welfare Fund of £21,664 (2022: £21,065) which can be for the benefit of students, with the balan of £1,677,821 (2022: £4,507,220) being a General Unrestrbcted Fund. The Trustees reseNes lIcY is to hold a General Unrestrirted Fund equivalent to at least one tem's operational expenditure, currently £3.6 million, to allow for the Maintenan of the services provided and for adequate working capital if there wa5 a temporary rduction in income or incursion of unforeseen costs. In addltlon, the Trustees are committed to ensuring Moor House's facilities are kept to the highest standard for the Eenefit of all of its pupils. Whi15t the General Unrestricted Fund at the year*nd of £1,677,821 is below the policy target of £3.6 million the Trust&s considered it appropriate to set aside £4 million of the Charity's Unrestritted Funds as a Deslgnatsd Site Development Fund, in accordan with their policy of keeping the School's facilities to the highest standard. The Trustees will keep this policy under regular review with the aim of rebuilding the General Unrestritted Fund to the required level over time. Going concern Mcx)r House participates in the Surrey Pension Fund (the Fund) part of the Local Government Pension Scheme (LGPS), a defined nefIt scheme, which was closed to new Mwr House entrants in 2008. Moor House engages an independent actuary to carry out a valuation, for accounting purposes, of the Fund at the balan sheet dates. As described in Note 14 to the accounts the Scheme had a surplus of assets at 31 August 2023 and 31 August 2022 of £1,090,000 and £954,000 restErtively. However, the trustees are aware that the result of the annual valuation can be volatile and this is reflected in their financial strategy for Moor House and their regular monitoring of Moor House's finan. Other key risks that could potentially have a detrimentsl effect on Moor House'5 fInanS indude demand for pla5 and capacity fvr day residential students, pressure on Local Authorities fundingi expansion of facilities on site whilst ensuring student provision is Maintain and recruitment and retention of 5rwalt stsff. Having reviewed these risk5 and in view of the strong levd of Unrestricted Funds, the IneaSe in pupil numters and the strong indications of continuing pupil demand the Trustees are of the opinion that the Charity is a going conrn for the forthcoming year and for the foreseeable future. li
structure, Governance and Management Moor House opeTrtes under a scheme document which was sealed by the Charlty Commission for England and Wales on l June 1998, as amendej by resolution dated 9 Drnber 2013, which indudes the regulations for the appointment of Trustees. Moor House's purpose is the advanment of education in particular by means of the running of a special school within the meaning of the Education Act 1993, as set out in its scheme document. 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 legated to the Board of Governors, with day-to-day matters king handled by the Prinapal, Bursar and Business Manager and Senior Management Team. All of the Trustees are Governors; in addition, there are one Parent Governor, one Staff Govemor and one Teacher Govemor. The Principal and Bursar attend all Trustee and Governor meetings. The sub-committees of r House were: 'Every Child Matter5" Commktee - prowses the priorities for the five outcomes of the'Every Child Matters, agenda. It monitors safeguarding via termly monitoring visits and the work of the safeguarding Trustees. 2. Pmgress & Attainment Committee - monitor5 all aspects of student prcgress and attainment in education, therapy and care. 3. Finan & Audit Committee- monitors, supports and recommends improvements in financial planning, control and performan to ensure long-term finanaal stability. 4. Human ReSourS & GO¥eman C(wnn7itt&- monitors, supports and recommends Improvements in the irnplementation of HR strategies and aims to support stLtdent and staff welfare. Ensures g0Veman structure and pro55e5 are fit for purtK)se. 5. Committee- to decide the pay for senior managers and recommend pay and remuneration policy for groups of sttff. 6. Research EthitJ ComMitt- to assess all internal and external research projects submitted by the internal Ethics CA)mmittee for assuran that any research projett meets MHS&C ethical stsndards kefore approval. 12
Trustees (membership of sub-committees in brackets) Mr S Dennison (1; 3; 4 and 5) Mrs C Combes (1; 2 and 6) Mr S Gooch (2. 4 and 5) Mr W Gunston (3. 4 and 6) Mrs L Harlow (3. 4 and 6) - retired 20 March 2023 Mr D Marnham (3; 5) Mr K Maskell (2; 5) Mrs L Middleditch (l) Mr R PIsk0 (3) - appointed 22 November 2022 Dr J Ireson - apFuint8J 18 March 2024 Chalr Governors All Trust, as listed at£*ve plus Shauna Graham (4) Teacher Governor - retired 20 March 2023 Sam Ackerley (4) Teacher Govemor - appointed 20 March 2023 Mrs J Irvine (l) Parent Governor Mrs J Vallantr (l) Stsff Governor Key Officer5 Mrs H A Middleton (1. 2. 3; and 4) fvincipal Mrs N Bradley (l and 2) Deputy Headteacher- Curriculum and KS4 Dr S Ebbels (6) Director of Research & Training Institute Mrs N Maric (1; 2 and 6) Head of Therapy Servi5 and Admissions Head of Safeguarding and Residential Care Bursar & Business Manager Deputy Headteacher- College Deputy Headteackw - KS21K53 Mrs Barbara Martin (l and 2) Mr C Sharp (3; 4 and 5) Mrs M Van-Niekerk (l and 2) Mrs S William5 (l and 2) 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 Govemor or person connected with them retrived any benefit from Moor House, other than the Staff and Teacher Governors in the normal perfOrMar of their duties and the Parent Governor in the normal attendance of their children at McK)r House. 13
Organisation management The Trustees and Governors determine Moor House's general policy. The day-to4ay runnir¥J 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 polioes and prOdureS approved by the Trustees and Govemors; this provides for signifficant expenditure decisions and major opitsl projects to be approved by Trustees armj Governors. Trustee5 and Governors conduct a prcKJramme of monitoring and reviews on a range of key areas of operab"on. The Prlncipal overs5 the recruitment of senior staff, whilst under delegated authority the Deputy Headteachers, the Head5 of Therapy and Residential Care, and the Bursar and Business Manager oversee the recruitment of their staff. The Trustees are involved in the recruitment of members of the Senior Management Team induding the Principal. Key management remuneration is set in accordan with Moor House's perfomance management fTrmework including the Perfornian Related Pay Policy for Teachers and "Agenda for Change" for Therapists. Other Relatlonships M(J)r House is a member of the National Association of Independent Schools and Non- Maintained StEcial Schools (NASS) which provides opwrtunities to Share extsise, knowledge and experien across the special school sector. Risk Management The Trustees are responsible for the management of risks and all the risks identified in the MLyJr House risk register have b&n allwated to individual Trustee sub-committees and are reviewed on a regular basis and the major identified risks are reviewed by the Governing BY also C a regular basis. Moor Hse has established pffedures and controls to assess and regularly review operational and financial ris. These controls include., comprehensive finandal and strategic planning; robust budgeting and management accounting prwedures; fomial written poliaes and prCdUres (induding business contlnulty and crisis management). fomal agendas and minutes for all Tnjstees and Govemors mtIng5, including sub-committees. dear authorisation and approval levels; established organisational structure with dear Ilnes of rewrting; vetting procedures as requir&1 by law; and regular review of the identified nsks in the risk rister by Trustee sub-committees and major risks by the Goveming BY on a regular basis. 14
well as regular in-house instections, 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 asSessMts are undertaken for major projects and reviewed by the Trustees. The Trustees are satisfied that major risks are adequately mitigated and that reasonable and appropriate procedures are in pla to deal with them should they arise. Moor House is committed to promoting g¢Jod health and safety amongst Fts employees, students, their families and visitors and complying with all relevant health and safety IjiS1at10n. Moor House is committed to the"Safeguarding of all children" All stsff and Govemors receive child protection training.. all member5 of the Senior Management Team, HR team, middle 5eaders, and Trustees have reiVed "Safer Recruitment" training. This training 15 regularly updated. Trustees and Govemors undertake safeguarding monitoring and reviews and oversee rna1ntenan of the single central record. Trustee and Governor Recruitment and Trdining Moor House maintains a Board of Trust with a range of appropriate skills. New Trustees and &wernors are appointed by the Board of Trust&s after suitable and appropriate vetting. Each Govemor and Trustee is provided with a hand1k detailing key information about the School's ServIS and operation. An induction programme organised by the Board and Moor House's Senior Management Team ensures that newly apFointed Trustees are acquainted with all relevant Board and individual Trustee responsikn'lities, induding child protection trainirvj, 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 ACpted Accounting Pra(tice). The law appliGible to charities in England and Wales requires the Trustees to prepare financial statements for each financial year that give a true and fair view of the stste of affairs of the tharity and of the ino)ming resources and application of resour5 of the charity for that period. In preparing these financial statements, the Trustee5 are requir to: select and consistently apply suitable accounting wlicies; obseNe the methods and PrilPIeS in The Charities Statema* of Reo)mmend&l Practi (SORP); 15
make judgements and estimate5 that are reasonable and pwdent, state whether applicable accounting stsndards have been followed, subject to any material departures disclosed and explained in the finanaal statements. and prepare the flnancial statements on the going conrn basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are resp)n5ible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial py)sition of the tharity 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, maklng proper allocation as required by charity law, and tsking reasonable steps for the prevention and detection of fraud and other irregularitie5. Moor House has re-appointed Mwre Kingston Smith LLP to act as auditors this year, BY ORDER OF THE BOARD OF TRUSfEES 18 March 2024 Acknowledgements The TrUStS are indebted to every one of our donors and fundraisers who have donated, pledged, raised money, secured cotporate donations, or hosted events on behalf of Moor House in the [st and during the financial period ending 31 August 2023. Our donors and supporters have enabled us to provide faalities and resour which would not otherwise be available to our children and students. 16
Professional Advisers and Key Informatlon Auditors: Moore Kingston Smith LLP 9 Appokl Street London EC2A ZIP Bankers: Lloyds Bank plc 21 Ststion Avenue Caterham Surrey CR3 6Yr The Trustees are very grateful for the pro bono support of their solicitors 05me Clarke LLP, One London Wall, London, EC2Y SEB in the pvIsion of mainly commercial and contractual advi. •• For further information on how you can support us please vtsit.. mcK)rhouseoxted.(D.uVsupFQrt-us Registered offi.. Moor House School & College Mill Lane, Hurst Grn, Oxt&l, Surrey, RH8 9AQ Telephone: Email: info@moorhouseschool.co.uk 01883 712271 Website: www.mwrhouseoxted.co.uk Charity No. 311871 17
Moor House School & College Independent Auditors Report To the Trustees of Moor House School & College INDEPENDENT AUDITOR'S REPORTTO THETRUSTEES OF MOOR HOUSE SCHOOLAND COLLEGE Oplnlot) We have audited the financial statements of Moor House School and College for the year ended 31 August 2023 which comprise of the Slalernent of Financial Actiwlies, the Summary Income and Expenditure Account, the Balan Sheet, the Cash Flow Statement and notes lo the financial stalemenls, inGluding significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Stsndards. Including FRS 102 'The Financial Reporting Standard AppIable in the UK and Republi¢ of Ireland, (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial slatemenls.. give a true and fair view Df the stste of the charity's affairs as al 31 August 2023, and of its incoming resources and application of resou$, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting PraCte." and have been prepared in accordance with the requirements of the Chaniies Act 2011_ Basis for opinion We conducted our audit in accordance wf(h International Standards on Auditing {UKI IISAS IUKII and applicable law. Our responsibilf(ies under those slandards are further described in the Auditor's Responsibilities for the audit of the financial slalements 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 slalemenls in the UK, including the FRC'S Ethtcal Standard, and we have fulfilled our other ethical responsibilrties in accordan with these requirements. We believe tha the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to golng concern In auditing the financial statements. we have conclud&J that the trustees, use of the going ¢oncern basis of accounting in the preparation of the financial stslements is appropriate. Based on the work we have perfomed, we have rw)t identified any material uncertainties relating to events or condrtions that, individually or colleclivoly, may cast significant doubt on the charity's ability lo continue as a going concem for a period of at least twelve months from when the financial ststements a authorised for issue. Our responsibilities and the reswnsibilities of the truste¢5 Wth respect to going Goncern are described in th8 relevant sections of this report. Other infomiation The other information comprises the infomation inclLJded in the annual report, other than the financial slalements and our auditorfs report Ihereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial stalemenls does not cover the other infomiation and, except to the extent otherwise explicitly slated in our report, we do not express any form of assurance conclusion Ihereon. Our fesponsibilily is to read the other infomiation and. in doing so, consider whether the other infomialion is materially inconsistent with the financial slalements or our knowledge obtained in the course of the audit or otherwise appears to be materially misslaled. If we entIfy Such rnalerial Inconsistencies or apparent material misstatements, we are required to detemine whether there is a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there ts a material misstatement of this other infomiation. we are required to report that fact. We have nothing 10 report In this regard.
Moor House School & College Independent Auditors Report To the Trustees of Moor House School & College 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 lo you if, in our opinion.. the infomation given in the Trustees, Annual Report is inconsistent in any material respect with the financial statements., or the chari(y has not kept adequate accounting records,. or the financial statements are not in agreement wth the accounting CordS and returns., or we have not reiVed all the information and explanations we required for our audit. Responsibilities of trustaes As explained more fully in the Iruslees, responsibilities statement, tha tDJStees are responsible for the preparation of the financial slalements and for being satisfied that they give 8 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 misslalemenl, whether due lo fraud or error. In preparing the financial slalemenls. the trustees are responsible for assessing the charity's ability to continue as a going concem, disclosing. as applicable, matters related lo going conrn and Ljsing the going concern basis of accounting unless the trustees either intend lo liquidate the charity or lo eease operations, or have no realistic allemalive bul to do so Auditor's Responsibilities forthe audlt of the financial statements We have been appointed as auditor under Section 144 of the Charities Act 2011 and report in ¥cordance wth regulations made under section 154 of that Act. Our objectives are lo obtain reasonable assuran about whether the financial slalemenls as a whole are free from material misstatement, whether due to fraud or error, and lo issue an audilorfs report that includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delecl a material misstatement when il exists. Misslalemenls can arise from fraud or error and are considered material ff, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial stalemenls. As part ofan audit in a¢¢ordance with ISAS {UKI we exercise professionaljudgement and maintain professK)nal scepticism throughout the audrt. We also,. Identify Ènd assess the risks of material misslalement of the financial statements, whether due lo fraud or error, design and perform audit procedures responsive lo those risks. and obtain audit evidence that is sufficient and appropriate to provide a basi5 for our opinion. The risk of not detecting a materkgl misstatement resuKing from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant lo the audit in order to design audit produ$ that are appropriate in the circumstances, bul not for the purposes of expressing an opinion on the effectiveness of the charity's internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of cOUntIng estimates and related disclosures made by the trustees. Conclude on the appropriateness of the trustees, use of the going Conrn basis of accounting and. based on the audit evidence obtained, whether a material uncertainly exists ielated lo events or condilK)ns th81 may cast significant doubl on the Gharily's ability to continue as a going Con. If we Conclude that a material uncertainty exists, we are required to draw attention in our audrtorfs report lo the related disclosures in the financial slalements or, rf such disclosures are inadequate, lo mojify our opin*)n. Our eonclusions are based on the audit evidence obtained LJP lo the date of our auditor's report. However, future events or condi(ions may cause th8 charty lo cease to Continue as a going cOnrn.
Moor House School & College Independent Auditors Report To the Trustees of Moor House School & College Evaluate the overall presentation, structure and conlenl of the financial slalernents, including the disclosures, and whether the financial slalemenls represent the underlying transactions and events in a manner that achieves fair presenl81ion. We communicate with those charged with governance regarding, among olh8r matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal ntrol that we identify during our audit. Explanation as to what extent the audlt wa$ considered capable of detecting irr8gularÈties. including fraud Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design prgcodures in line with our responsibilities, outlined above, to detect material misstslements in respect of irreguiarilies, including fraud. The extent to which our procedures a capable of delecling irregularf(ies, including frautj is detailed below. The objectives of our audrt in respect of fraud, are., to ¢denlify and assess the risks of material misslalemenl of the financial statements due lo fraud,. lo obtain sufficient appiopriate audit evidence rardIng the assessed risks of material misstatement due lo fraud. through designing and implementing appropriate responses to those assessed risks., and lo respond appropriately lo instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the pVentIOn and detection of fraud rests with both management and those charged wf(h govemance of the charty. Oui approach was as follows: We obtained an understanding of the legal and regulatory requirements applicable to the charity and considered that the most significant are the Charities Act 2011, the Charity SORP, and UK financial reporting standards as issued by the Financial Reporting Council. We oblair¢ed an understanding of how the charf(y complies with these reqL¢irements by di8CU85ions with rnanement and those charged with governance. We assessed the risk of material misstslemenl of the financial statements, including the risk of material misstatement due to fraud and how il might occur, by holding discussions with management and those charged with governance. We inquired of management and those charged wrth governance as to any known InStanS of non- Complian or suspected non-compliance wi(h laws and regulations. Based on this understanding, we designed specrfic appropriate audi( procedur8s to idenlrfy instantss of non-compliance wf(h laws and regulations. This included making enquiries of management and those charged with governance and obtaining additional corroborative evidence as required. There are inherent limitations in the audit procedures described above. We are less likely lo 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 misslalement due lo 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 misrepresenlalions, or through collusion. 20
Moor House School & College Independent Auditors Report To the Trustees of Moor House School & College Use of our report This report is made SOlY lo the charity's Iruslees, as a body, in accordance wi(h Chapter 3 of Part 8 of the Charities Act 2011. Our audit work has boen undertaken so that we might slate lo the charity's Iruslee5 those matters we are required lo stsle to them in an audrtorfs report and for no other purpose. To the fullest extent permrtted by law, we do not accept Or assume responsibility lo any paty other than the ¢harily and charitys trustees as a body, for our audit wort(, for this rerx)rt. or for the opinion we have fomied. J_A LLP 19 April 2023 9 Appold Street Londtx) EC2A 2AP Slalutory auditor Moore Kingston Smith LLP is eligible lo act as auditor in tem)s of section 1212 of the Companies Acl 2006.
Moor House School & College Statement of Financial Activities For the Year Ending 31°, August 2023 Unrestricted Funds Restricred Endowment Funds Fund TOTAL FUNDS 2023 TOTAL FUNDS 2022 Notes INCOME Income from charitable attivities School and College fees Assessment Fees Tralning courses & leciure fee5 Grants Bursaries & Pupil Premium Bank Interest Donations Donations and legacies Fundraising Events Parents contributions Income from trading activities Catering Rent from flats Hire of swimming pool & hall 11.738,870 49,400 129.983 11,738,870 49,400 129,983 342,798 40,965 75.160 10,404,915 42,200 106,065 287,564 20,226 2,550 342.798 40,965 75,160 37,788 8.924 37.788 8,924 47,425 147,889 6,100 26,291 47,425 5,785 15,665 21,540 16,776 40,024 16,776 40.024 Total Income 12,137,890 390.223 12,528,113 l T,086,790 EXPENDITURE Charitable activities Education & speech therapy.. Siaff costs Education costs Admin & establishment Domestic costs Depreciation Interest Fundraising aciivities Fundralsing & marketing 3 8,732,309 4 605.376 950,004 6 247,315 9 254,598 91,127 123,742 132,249 134,232 8,856,051 737,625 1,084,236 247,315 264,322 91,127 7,611,457 597,139 784,477 191.123 220.615 291,109 9,724 29,363 29,363 25,199 Total Expenditure 8 10,910,092 390,223 9,724 11.310.039 9.721,119 NET INCOME/IEXPENDITURE) 1.227,798 19,7241 1.2 18,074 1.365,671 Other recognised gains/llosses Actuarial net gain on defined benefit pension scheme 2,882,000 NETMOVEMENT IN FUNDS Reconciliation of funds.. Total funds brought fotward 1,227,798 19,7241 1,218,074 4,247,671 10,284,235 52.915 10,337,150 6,089,479 FUNDS CARRIED FORWARD 11.512,033 43,191 11,555.224 10,337,150 The notes on pages 25 10 38 form part of these Flnancial Statemenis All transactions are derived from contlrsuin9 activities There are no reco9nised gaills or losses other than the results for the year as sei out above 22
Moor House School & College Balance Sheet As at 31" August 2023 2023 2022 Notes FIXED ASSET5 Tangible assets CURRENT ASSET5 Debtor5 Cash and cash equivalents 7,875,370 7,904,785 2,820,551 6,799,188 2,593,589 5,882,179 9.619.739 8.475,768 CREDITORS.. Amounts falling due within one year 14,001,560) 14,025,874) NET CURRENT ASSETS 5,618,179 4.449.894 TOTAL ASSETS LESS CURRENT LIABILITIES 13,493,549 12,354.679 CREDITORS.. Amounts falling due after more than one year 11 ,938,3251 12,017.5291 TOTAL NET ASSET5 11,555,224 10.337.150 FUNDS Unrestricted funds General fund Welfare fund Designated funds 1,677,821 21,664 9,812,548 4.507,220 21,065 5,755,950 TOTAL UNRE5TRicfED FUNDS 11,512,033 10,284,235 Endowment fund 43,191 52,915 TOTAL CHARITY FUNDS 11,555,224 10,337,150 Approved by the Board of Trustees on 18 March 2024 and signed on its behalf by". A)1 <5) S Dennlson - Chalr D Marnham- Trustee The note5 on pages 25 to 38 form part of these Financial Ststements 23
Moor House School & College Cash Flow For the Year Ending 31" August 2023 2023 2022 Cash flows from operating aaivlties Cash generated by operations ,228,205 2,18QI,209 Investing activiiies Purchase of tangible fixed assets 1234,9071 11 ,800,3291 Financing attivities Loans paid 176.2891 1789,6431 Nei cash used in investing & financing attiviiies 1311,1961 12,589,972) Net increaselldecrease) in cash and cash Equivalent5 917,009 1409.763 Cash and cash eQ1valentS ai beginning of year 5,882,179 6,291,942 Cash and cash equivalents at end of year 6,799.188 5,882,179 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2023 2022 Nei income for the reporring period Adjustments for.. Depreciation of tan9ible fixed a55eis MoveEnent5 in working capital.. Ilncreasel in debtors (Decrease) in creditors 1,218,074 1.365,671 264,322 220,615 1226,9621 127,2291 1182,1871 776.110 1.228,205 2,180,209 CASH AT BANK AND CASH EQUIVALENTS 2023 2022 Cash at bank and in hand Cash equivalent 132 day notice bank account) Cash equivalent 195 day notice bank accoun 1,602.445 2,177.847 3,018.896 1,759,374 4,122,805 Cash and cash equivalenis at end of year 6,799,188 5,882.179 ANALYSIS OF CHANGES IN NET CASH AND EQUIVALENTS At I Sept Cash flows Non cash 2022 £ changes £ 5,882,179 At 31 Aug 2023 £ 6,799,188 Cash 917,009 Borrowings- due within one year 78,391 176.2891 79,204 81,306 Due aftei more than one year 2,017.529 179,2041 ,938.325 2,095,920 176,2891 2,019,631 Total Nèt Cash & equivalents 3,786,259 993.298 4,779,557 The notes on pages 25 to 38 form part of these Financial Statements 24
Moor House School & College Notes to the Financial Statements For the Year Ending 31" August 2023 ACCOUNTING POLICIES Trust Informatlon Moor House School & College is a charitable trust sealed by the Charity Commissioner for England and Wales on l June 1998. 1.1 Accounting Convenrion These accounts have been prepared in accordance with FRSI 02 'The Financial Reporring Standard applicable in the UK and Republic of Ireland" I'FRSI 02,1, "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 IFRSI 02) effective l January 2019. The charity is a public benefit entity as defined by FRSI 02. The account5 are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £. The financlal statements have been prepared under the historical cost convention. Comparative Figures The comparative figures are for the 12 month5 ended 31 August 2022. 1.2 Going Concern With increased pupil numbers, solid levels of unrestricted 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. 1.3 Charitable Funds Unrestrlcted funds are available for use at the discretion of Trustees in furtherance of their charitable objectives. 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, legacies 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 rhe time the donarion is recognised. Full accrual is made on interest income receivable. 1.5 Expendlture 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 cosrs comprise those relating to external audit and legal and professional charges relating to the preparation and examination of the annual statutory accounts. 25
Moor House School & College Notes to the Financial Statements For the Year Ending 31" August 2023 1.6 Tangible Fixed Assets 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 Leasehold Buildings IT Equipment Motor Vehicles Other Equipment 2% 20% 15% It is the policy of rhe 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 Building5 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 d ifference beeen the sale proceed5 and the book value of the asset and is recognised in the Statement of Financial Activities. 1.7 Impairment of Fixed Assets 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 Ios5, and recognised immediately In the accounts. 1.8 Debtors Trade and other debror5 are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 1.9 Liabilities and Provisions Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement and the amount of the settlement can be estimated reliably. Liabil ities are recognised at the amount that the charity anticipates it woll pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Deferred income represents fees and deposits received in advance of the academic year to which they relate. 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. l. l O Cash and cash equivalents Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of 95 days or less from the date of acquisition or openlng of the deposit or slmllar account. . I l Flnanclal Instruments The Charity only holds basic financial instruments as defined by FRSI 02. Basic financial instruments are initially recognised at transaction value and subsequently measured at 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 cred itors and bank loans. 26
Moor House School & College Notes to the Financial Statements For the Year Ending 31" August 2023 1.12 Operating Leases Rentals under operating leases are charged to the Statemenr of Financial Activities on a Straight line basis over the term of the lease. 1.13 Accounting esrimates and areas of judgment The rrustees are required to make jlsdgments, estimates and assumptions about the book value of a55ets and liabilities that are not readily available from other sources. Such estimates and judgments are continually reviewed and are based on historical experience and other factors that are considered to be relevant. The trustees consider the valuation of the defined benefit pension scheme obligation is a significant estimate and judgment affecting the potential liability, if any, recognised in the Pinancial statements. The valuation is subject to the actuarial assumption5 set out in Note 14 which are by nature uncertain and may therefore result in a material adjustment to the obligation in subsequent years. 1.14 Pension Schemes il The School contributes to the Teachers, Penslon Scheme operated by the Teachers, Pension Agency. Contribution rates are set by the actuaries of the scheme and advised to the Board of Trustee5 by the Scheme Adminlstrators. The scheme is a multi-employer pension scheme and St Is not possible to idenrify the assets and liabilities of the scheme which are attributable to the School on an annual basis. Therefore in accordance with FRSI 7 the scheme is accounted for as a defined contribution scheme. In accordance with FRSI 02. the accounts recognise all contributions payable to fund deficits arising as a result of past employee service. Contributions to the scheme are charged to ihe Statement of Financial Activities ISOFAI as they become payable in accordance with the rules of the multi employer scheme. ill The School participates in the Surrey County Council Local Government Pension Scheme I'LCPS"), 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 and the 31 March 2022 valuation has been received. The independent actuary has projected forward thls valuation to the balance sheet date as set out in Note 14. The defined benefit obligation is calculaied using ihe projected unit credit method and the fair value of plan assets is measured in accordance with the FR5102 fair value hierarchy. iiil The School also operates a defined contribution stakeholder scheme for eligible staff. and pension contributions are charged in the SOFA as they become payable. GRANTS During the year Moor House received grants totaling £342,79812022.. £287,564) which were fully or partially utilised during the year in compliance with the regulations governing their use. 27
Moor House School & College Notes to the Financial Statements For the Year Ending 31" August 2023 STAFF COSTS 2023 2022 Salaries & wages Social Security & Pension Costs: National Insurance Teachers Pension Scheme {note 141 Surrey LGPS current Service cost (note 141 Surrey LGPS (note 14} Stakeholder Pension Scheme (note 141 7,156,286 6,298.916 669,263 568,221 393,912 320,734 224,000 338,380 298,210 199,586 8,856,051 7,611,457 The average monthly number of full and part time employees during the year was 234 12022..2191 As at the end of the summer term 2023 the number of Full Time Equivalent IFtE) employees was 198 12022'.1801 The average monthly number of FtE employees during the year was 19712022.'1841 comprising.. 2023 84 29 37 2022 77 31 32 Teachers & Special Teaching Assistants Residential Child Care Therapists & Psychologists Research Institute Administration Catering & Domestic Maintenance Fundraising & Marketing 21 18 197 The Senior Managemeni Team I'SMT") received salary and benefits. Includlng employer's pension contribuiions and national insurance to the value of £839,174 12022'.£776.3731. SMT comprised.. Principal, Bursar and 8usiness 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.. 2023 2022 £60,000-£69,999 £70,000-£79,999 £80,000-£89.999 £1 10,000-£119,999 Total 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 wa5 reimbursed out of pocket expenses12022.' nill. The School has taken out a public liability insurance policy that provides professional Indemnity cover for the Trustees, Governors and staff of the charity. 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. 28
Moor House School & College Notes to the Financial Statements For the Year Ending 31" August 2023 EDUCATION COSTS 2023 2022 FE College Education materials Pupil trips and welfare Staff training and welfare 354.435 289,849 68,084 64,223 96,549 62,776 68,125 58,621 91,237 72,526 46,609 40,176 12,586 8,968 Motor vehicles Examinations 737,625 597,139 ADMIN AND ESTABLISHMENT 2023 2022 Utilities Repairs and malntenance Equipment (non capital) Licence5,consultancy and professional fees Research & development Staff recruitment and advertising Printing, postage, stationery Insurance Travel, copier leases, bank charges, sundry Auditor's remuneration Inote 211 358.747 204,093 264,050 235.629 86,743 53,578 139,846 90,340 16,066 4,536 20,893 48.609 47,843 42.203 90,257 66,240 23,864 19,989 35.927 19,260 ,084,236 784,477 DOMESTIC COSTS 2023 2022 Catering Domestic supplies Medical 204,079 35,460 7,776 150,207 35,788 5.128 247,315 191,123 INTEREST 2023 2022 Loan interest Net interest cost on LGPS penslon benefits Inote 141 Early repayment break costs 91.127 100,960 48,000 142,149 91,127 291,109 29
Moor House School & College Notes to the Financial Statements For the Year Ending 31" August 2023 TOTAL EXPENDITURE Fundraising & Education Marketing Governance 2023 Total 2022 Total Suppon Service Costs.. Admin.Maint,Finance,HR,IT Fundraising & Marketing Governance 806,941 806,941 96,245 54,369 682,087 100,429 25.880 96,245 54,369 806,94T 10.352,484 96.245 54.369 957.555 808,396 10,352,484 8,912,723 Direct Charitable Costs 11,159,425 96,245 54,369 11,310,039 9,721,119 TANGIBLE FIXED ASSErs IT & other Total Equipment Motor Vehicles Freehold Leasehold Ftrojects Land & Buildings L&B WIP Bulldings cosr At I September 2022 Additions Transfers 10,028,726 234,907 485,771 169,180 9,262,157 109,333 92,867 37,20S 107,120 2,285 104,835 1107.1201 At 3 1 August 2023 10,263,633 578,638 169,180 9,406,482 109.333 DEPRECIATION Ai I September 2022 Charge for the Year 2.123,941 264,322 254,326 147,297 1,665,251 66,148 9.801 186,186 57,067 2,187 At 31 August 2023 2,388,263 320.474 157.098 1,851 ,437 $9,254 NEF BOOK Amount At I September 2022 7,904,785 231,445 21.883 7,596,906 52,266 2,285 At 3 1 August 2023 7.875.370 258.164 12,082 7.555,045 50,079 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 rebuild cost of £59m. This is not the market value of the land and buildings. Land & Buildings additions.. Car Park extension project cost in the year was £104,835. The total cumulative project cost of £107,120 was transferred from L&B Work in Progress to Land & Buildings. A further £31 ,700 wa5 spent on the Wellbeing hut and £5, 505 on selective double glazing. 30
Moor House School & College Notes to the Financial Statements For the Year Ending 31" August 2023 DEBTORS 2023 2022 Trade debtors 2,695.222 2,484.574 Prepayments & Other Debtors 125,329 109.015 2,820.551 2,593,589 CASH AND CASH EQUIVALENTS 2023 2022 6,799.188 5,882,179 Included in the 3 1 August 2023 balance is cash of £496,260 12022.. £721 ,3761 being fees received in advance of the Autumn Term and which relate to expenditure which will be incurred in the following year. 12. CREDITORS 2023 2022 Amount5 falling due wlthln one year.. Trade Creditors Other Creditor5 (including HMRC & Pension providers) Bank Loans Accruals & Deferred Income (note 131 126,499 174,282 331,199 356,236 81,306 78,391 3,462,556 3,416,965 4,001,560 4,025,874 Amount5 falling due after more than one year.. Bank Loans.. repayable in two to five year5 Bank Loans.. repayable in more than five years 363,44S 349,355 ,574,880 1,668.174 1.938,325 2,017,529 Moor House has one bank loan, which is secured by a first legal charge over the freehold land and buildings known as Moor House School & College, M ill Lane, Hurst Green, Oxted, Surrey. It is for £2,500,000 and 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 linterest rate= 4.32%). 13. ACCRUALS & DEFERRED INCOME 2023 2022 Deferred income at beginning of the period Incoming resources deferred in current period Amounts ieleased from previous periods 3,205.950 2,760,932 3,191.482 3,205.950 13,205,950112,760.9321 Deferred income at 31 August Accruals 3,191,482 3,205.950 271,074 211,015 3,462,556 3,416,965 Amounts are recognised in the Statement of Flnancial Activities in the period in which the Service is provided. Deferred income is mainly fee income received in advance of the Autumn 2023 term. 31
Moor House School & College Notes to the Financial Statements For the Year Ending 31" August 2023 14. PENSION SCHEME5 LOCALGOVERNMENT PENSION SCHEME Some employees of the School participate In the Surrey County Council Local Government Pension Scheme ILGPSI 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 mana9ers. Participation in the Scheme is by virtue of the School's staius as an Admitted Body. A full triennial valuation of the Scheme is carried out every three years by an independent aciuary using a risk based methodology and the 31 March 2022 valuation has been received. The IrependentactUary has projected forward the results of this vduation to the balance sheet date using the projected unit credit method of valuation required by FRSI 02 allowing for the different financial assumptions allowed under that accounting standard. The 31 August 2023 valuation shows= 2023 2022 Fair value of the School's Scheme assets Present value of funded liabilities 9,141.000 10,100,000 8,051,000 9,146,000 Closing Position at 31 August 1,090,000 954,000 The key assumptions used by the actuary were.. 2023 5.25% 4.05% 3.05% 3.05% 2022 4.25% 4.10% 3.20% 3.20% Discount rate for scheme liabilities Rate of increase in salaries Rate of increase in pensions Inflation ICPII Longevity in years at age 65 retiring at balance sheet date.. Males Females Longevity in years at age 65 retlrlng in 20 years.. Males Females 20.5 24.4 22.1 24.5 21.5 25.9 23.1 26.2 Reconciliation of scheme assets and liabilities= ASSEYS UABIIJTIES i 0,1 00,000 9,146,000 130,000 385,000 28,000 TOTAL 954,000 1130,0001 44,000 At I September 2022 Current Service cost Interest incomellexpensel Employees contributions Ernployers coniribution5-primary Employers coriribution5- secondary Estifflaied benefit5 paid Remeasurement 9ains/llos5e51'. Actuarial gains Loss on scheme assets 429,000 28,000 154,000 184.000 1338,0001 154,000 184,000 1338,0001 11,300.0001 1,300,000 11,416,000) 11,416,000) Posltlon at 31 August 2023 9,141,000 8.05 1,000 1.090,000 kheme asset noi recognised 1.090,000 11,090,000) Closing position at 3 1 August 2023 9,141,000 9,141,000 32
Moor House School & College Notes to the Financial Statements For the Year Ending 31" August 2023 The Charity will not be able to retover any part of the 31 August 2023 scheme surplus of £1 .090,000 or the 31 August 2022 surplus of £954,000 by way of refunds from the scheme and therefore these have not been recognlsed Sn the respective accounts. The scheme had a deficlt of £2,902,000 ai 31 August 2021 which was recognised in the accounts at that date as a Balance Sheet Pension Reserve. As a result of the scheme going into surplus during the year ended 31 August 2022 the Pension Reserve was released resulting in a net actuarial gain of £2.882,000 in the Statement of Financial Activities which also included the client seNice cost of £224,000 INote 31 and the net interest cost of £48,000 (Note 7) as these formed part of the aCwar1 net gain. As neither the scheme surplus or any related actuarial gain or loss have been recognised in the 31 August 2023 accounts the Charity's primary contributions of £153,925 and secondary contributions of £184,455 to the Scheme for the year. totaling £338,380 (Note 31, have been included in the Statement of Financial Attniities in lieu of the client seNice and interest costs. The primary employer contributions were 39.6% for the year ending 31 August 2023 and for the two months ending 3 1 October 2023 reducing to 30.7% untll 31 August 2025. The secondary contribuiions were £184,45 5 for the year endlng 31 August 2023 and £33,485 for the months ending 31 October 2023. Secondary contributions are nil from l November 2023. TEACHERS. PENSION SCHEME The School participates in the Teachers, Pension Scheme I'TPS'I for its teaching staff. The staff costs for the period includes contributions payable to the TPS of £393,912 (2022.. £320,734). 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 laiesi actuarial valuation caused the employer rate to increase from 16.48% to 2 3.68% on I September 2019.This valuation vlill also determine the opening balance of the cost cap fund and provides an analysis of the cost cap as required by the Public SeNice Pensions Aci 2013. STAKEHOLDER SCHEME The School also contributes to a defined contribution scheme for eligible staff as the School's auto-enrolment scheme. The pension c05t5 charged in the financial statements represent the employer contributions made by the School £298,210 12022.. £199,586). The Increase In contribution 15 mainly due to an increase in legal minimum contrlbutions. 33
Moor House School & College Notes to the Financial Statements For the Year Ending 31" August 2023 15. FUNDS FOR THE YEAR ENDING 31 AUGUST 2023 Unrestricred Funds General Welfare Designated Designated Restricted Endowment Fixed Site Assets Development Total Funds Total I Sept 2022 4,507,220 21,065 5.755,950 SurpluslDeficitll ,22 7,199 599 Transfers 14,056,598) 52.915 10,337,150 19,724) 1,218.074 56,598 4.000,000 31 Aug 2023 1,677,821 21,664 5,812,548 4,000,000 43,191 11,555,224 Restrlcted Funds At l Sept 2022 At 31 Aug 2023 Income Expenditure Transfers Parents contributions Building maintenance grant Teachers pay grant Teachers pension grant PE and sport grant Covid catch up grant 47,425 147,4251 134,232 1134,2321 32.813 132.8131 90,929 190,9291 16,000 116,0001 68,824 168,8241 390,223 1390,2231 The Designated Funds- FIXED ASSET FUND The fund wa5 established to match the book amount of the School's fixed assets less the debt finance related to those assets and the Endowment Fund. Transfers from the general fund and restricted fund represent the increase or decrease in the Charity's tangible fixed assets and the decrease in related debt financing in the year. SITE DEVELOPMENT FUND The trustees are planning to develop the existlng site with two major projects." thè complete refurbishment of the existing dining room and kitchen block, and the construction of a new performing arts building. The current cost estimate for the two projects is in the region of £5.5 million and the irustees have chosen to set aside £4 million of the Charity's fund5 towards the cost with the balance to be raised through a fund raising campaign. WELFARE FUND The fund represents general income from fundraising activitie5 and donations. The money is spent to enhance the general welfare of the students attending the school. ENDOWMENT FUND The 51te and buildings of 6.25 acres of Moor House, Hurst Green, Oxied, Surrey constitute the permanent endowment of the Charity in accordance with the Scheme dated I st June 1998. PENSION RESERVE The Pension Reserve of £2,902.000 recognised in the 31 August 2021 balance sheet wa5 in respect of the present value of the defined benefit obllgatlon of the LGPS defined benefit pension scheme less the fair value of the scheme's assets at that date. As a result of the scheme going into surplus at 31 August 2022 the Pension Reserve was released resulting in an actuarial net gain in that year of £2,882,000 (Note 141. 34
Moor House School & College Notes to the Financial Statements For the Year Ending 31" August 2023 FUNDS FOR THE YEAR ENDING 31 AUGUST 2022 Unrestricted Funds General Welfare Designated Pension Fixed Reserve Asset5 Total Funds Restricted Endowment Total Sept 2021 4,765,172 17,916 3,376,869 12,902,000) 768,883 62,639 6,089,479 Surplusldeficitll ,256,026 3,149 20.000 96,220 19,7241 1,365,671 Transfers 11,513,9781 1865,1031 Actuarial gain 2,379,081 2,882,000 2,882,000 31 Aug 2022 4,507,220 21.065 5,755,950 52,915 10,337.150 Restricted Funds At I Sept 2021 At 31 Aug 2022 Income Expenditure Transfers Bullding Fund-Therapy Hub Garden Parents Contributions Bu ilding maintenance grant Teachers pay grant Teachers pension grant PE and sport grant Covid catch up grant 768,883 i 00,000 13,7801 1865,1031 2,022 12,0221 26,291 126.2911 104,326 1104.3261 31,551 131,5511 87,432 187.4321 13,000 113.0001 51,255 151,2551 768,883 415,877 1319,6571 1865.1031 35
Moor House School & College Notes to the Financial Statements For the Year Ending 31" August 2023 16. ASSET AftRIBUTION FOR THE YEAR ENDING 31 AUGUST 2023 General Fund Welfare Fund Deslgnated Funds Restrftted Endowment Funds Fund TOTAL Fixed Assets Current A55etS'. Debtors Cash Creditors.. Loans < l year Others Creditors.. Loans > l year Defined benefit Pension asset 7,832,179 43,191 7,875.370 2,820,551 2,777.524 21,664 4.000.000 2.820,551 6,799,188 181 ,306) 181,3061 13.920,2541 13,920.254) 11,938,325) 11,938,325> 1.677,821 21,664 9,812,548 43,191 11,555,224 ASSET AThRIBUTION FOR THE YEAR ENDING 31 AUGUST 2022 General Fund Welfare Fund De51gnated Funds Restricted Endowrnent Fund5 Fund TOTAL Fixed Assets Current Assets.. Debtors Cash Creditors-. Loans < l year Others Creditors= Loans > l year Defined benefit Pension asset 7,851 ,870 52,915 7,904,785 2,593,589 5,861,114 21,065 2.593,589 5,882,179 178,3911 178,3911 13,947,483) 13,947,483) 12.017.529) 12.017.529) 4,507,220 21,065 5,755,950 52,915 10,337,150 36
Moor House School & College Notes 10 the Financial Statements For the Year Ending 31°, August 2023 17. STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 31 AUGUST 2022 Unrestricted Restricted Funds Funds Endowment Fund TOTAL FUNDS 2022 Notes INCOME Income from charitable actNiiies School and College fees As5e5sment Fees Training courses & lecture fees Grarnts Bursaries,Pupil Premium.%undry Bank Interest Donations Donations and legacies Fundraising Evenis Paren15 contribution5 Income from trading aaivities Catering Rent from flats Hire of Swimming pool & hall 10,404,915 42,200 106,065 10,404,915 42,200 106,065 287,564 20,226 2,550 287,564 20,226 2,550 4S,867 6,100 102,022 147,889 6,100 26.291 26.291 5,785 15,665 21,540 5,785 15.665 21.540 Total Income 10,670,913 415,877 11,086,790 EXPENDITURE Charitable activities Education & speech therapy.. Staff costs Education costs Admin & establishment t)omestic costs Depreciation Interest Fundraising activitiès FundraisiNg & publicity iosts 3 7,492.474 506,593 5 678,129 191,123 210,891 7 291.109 118,983 90,546 106,348 7,611,457 597,139 784,477 191,123 220,615 291,109 9.724 21,419 3,780 25,199 Total Expenditure 8 9,391,738 319,657 9,724 9.721,119 NET INCOME/(EXPENDITUREI 1,279.175 865,103 96,220 1865,1031 19,7241 1,365,671 Transfers between funds Oiher recognised gains/llosses)'. Aciuarial netgain/110551 on defined beneflt pension scheme 14 2,882,000 2,882,000 NETMOVEMENT IN FUNDS Reconciliation of fund5-. Total funds broughi forward 5.026,278 1768,8831 19,7241 4.247,671 5,257,957 768,883 62,639 6,089,479 FUNDS CARRIED FORWARD 10,284,235 52,915 10,337.150 37
Moor House School & College Notes to the Financial Statements For the Year Ending 31" August 2023 18. CONTRACTS AND COMMITMENTS At 31 August 2023 there was nil committed expenditure12022'. nill. 19. 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.. 2023 2022 Within one year. Between two to five years: 3,806 1 .904 3,806 5,710 5.710 9,516 None of the operating lease5 related to land and buildings. During ihe year operating lease payment5 have been recognised as an expense in the Statement of Financial Activities to the value of £3,86812022.. £4,214). 20. TRUSTEE REMUNERATION AND RELATED PARTY TRANSACTIONS None of the trustees have been paid any remuneration or received any other benefits from employment wlth their charity or a related entity and no trustee expenses have been incurred. There have been no related party transactions during rhe year ended 31 August 2023 12022.. Donations received from related partie5 Wlthout condltions durlng the year amounted to nil 12022.. nill. 21. AUDITOR'S REMUNERATION 2023 2022 Statutory Audit Taxation Advice Other {includes teachers, pension and sub-contractor audits) 20,754 8,045 7,128 17,640 1,620 35.927 19,260 38