2021-08-31-accounts - Kingswood House School Trust Limited

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

		Page
Report ofthe Trustees	1	to	9
Report ofthe Independent Auditors	10	to	13
Stateruent ofFinancial Activities		14
Balance Sheet
Cash Flow Stateruent		16
Notes to the Cash Florv Statement		17
Notes to the Financial Statements	18	to	27
Detailed Statement ofFinancial Activities	28	to	30

						2021	2020
				Unrestricted	Restricted	Total	Total
				fund	fund	funds	funds
			Notes		8		f.
INCOME AND ENDOWMENTS		FROM
Donations and legacies			2	1,500		1,500	17,704
Charitable activities			5
Tuition fees				3,536,568		3,536,568	3,071,203
Other trading activities Investment income			3 4	96,192 ~255 1		96,192 2,551	146,583 4474
Total				3,636,811		3,636,811	3,239,964
EXPENDITURE ON
Charitable activities
Teaching Catering Premises				1,972,912 169,227 659,245		1,972,912 169,227 659,245	1,927,630 150,253 547,358
Support				585,742		585,742	464,174
Total				3,387, 126		3,387,126	3,089,415
NET INCOME				249,685		249,685	150,549
RECONCILIATION	OF FUNDS
Total funds brought	fonvard			2,006,466	55,299	2,061,765	1,911,216
TOTAL FUNDS CARRIED FORWARD				~2 256,151	~55 299	2 311450	2 061 765

			CASH	FLOW STATEMENT
			for the	ear ended 31Au ust 2021
				2021	2020
			Notes
Cash flows from	operating	activities
Cash generated tram operations Interest paid				555,724 ~22 344)	180,398 ~23.2tl1
Net cash provided	by operating activities			533,380	157,197
Cash flows from	iuvesting	activities
Purchase oftangible fixed assets				(156,388)	(17,289)
Interest received				285	1,658
Net cash used in investing		activities		~156,103)	~15,631)
Cash flows from	financing	activities
New loans in year Loan repayments	in year			94,166 ~29,294)	~23 673)
Net cash provided	by/(used	in) financing	activities	64 872	~23 673)
Change in cash and cash		equivalents	in the
reporting period				442,149	117,893
Cash and cash equivalents		at the beginning
ofthe reporting	period			894,018	776 125
Cash and cash equivalents		at the end	ofthc
reporting period				~1336 167	894,018

			2021	2020
				f.
Net income for thc Activities)	reporting	period (as pcr the Statement ofFinancial	249,685	150,549
Adjustments for: Depreciation charges Interest received			159,455 (285)	133,491 (1,658)
Interest paid Increase in debtors			22,344 (14,728)	23,201 (68,209)
Increase/(decrease)	in creditors		~139 253	~56,976)
Net cash provided	by operations		~555 724	~180398

ANALYSIS OF CHAN	GES IN NKT FUNDS
		At 1.9.20	Cash flow	At 31.8.21
			f,	f.
Net cash Cash at bank and in hand		~894 018	442,149	~1,336 167
		~894018	442,149	1,336 167
Debt
Debts falling due within Debts falling due atter I	1 year year	(29,117) ~447 210)	(12,695) ~52 178)	(41,812) ~499 388
		~476.327)	~64 873	~843 200)
Total		417,691	~377 276	794,967

				2021	2020
	Donations			1,500	17704
3.	OTHER TRADING ACTIVITIES
				2021	2020
	Extras and entrance	fees		45,472	40,927
	Activities week			26,661	8,731
	Government grants			~24 059	~96925
				96,192	146583
4.	INVESTMENT INCOME
				2021	2020
	Rents received			2,266	2,816
	Deposit account interest			285	~1658
				~255 1	~4474
	INCOME FROM	CHARiTABLE ACTIVITIES
				2021	2020
			Activity
	General tuition		Tuition fees	3,579,704	3,298,765
	Support fees Scholarships and bursaries		Tuition fees Tuition fees	352,008 ~395,144)	231,991 ~459,553)
				~3536,568	~3071203

					Support
				Direct	costs (see
				Costs	note 7)	Totals
					f,
Teaching				1,972,912		1,972,912
Catering					169,227	169,227
Premises					659,245	659345
Support					~585 742	~585 742
				1,972,912	~1414,214	~3387,126
SUPPORT	COSTS
					Governance
		Management	Finance	Other	costs	Totals
			8			f,
Catering				169,227		169,227
Premises Support		529,322	2,074	659,245	~54 346	659,245 585,742
		~529 322	~2074	828,472	54,346	~1414214

Net income/(expenditure)	Net income/(expenditure)	Net income/(expenditure)
			2021	2020
			f.	f,
Auditors' remuneration			7,960	5,580
Depreciation -	owned	assets	159,454	133,491
Other operating	leases		201,935	150,448

STAFF COSTS
		2021	2020
Wages and salaries		1,836,315	1,652,965
Social security costs		157,494	134,810
Teachers' pension	contributions	198,161	246,876
Stakeholder pension costs		16,385	12,120
Health insurance		5 405	7,735
		2,213760	2.054.5136

The average monthly number ofemployees during	the year was as follows:
	2021	2020
Teaching	60	53
Administration	10	9
Domestic	7	8
Premises	3	1
	80	71

		2021	2020
f90,001	- f,100,000	I	1

COMPARATIVES FOR THK STATEMENT Oli FINANCIAL ACTIVITIES	COMPARATIVES FOR THK STATEMENT Oli FINANCIAL ACTIVITIES	COMPARATIVES FOR THK STATEMENT Oli FINANCIAL ACTIVITIES
		Unrestricted	Restricted	Total
		fund	fund	funds
INCOME	AND ENDOWMENTS	IiROM
Donations	and legacies	14,513	3,191	17,704
Charitable	activities
Tuition fees		3,071,203		3,071,203
Other trading activities Investment income		146,583 ~4474		146,583 ~4474
Total		3,236,773	3,191	3,239,964
EXPENDITURE ON
Charitable	activities
Teaching		1,927,630		1,927,630
Catering		150353		150,253
Premises		547,358		547,358

11.	COMPARATIVES FOR THK STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FOR THK STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FOR THK STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FOR THK STATEMENT OF FINANCIAL ACTIVITIES - continued
			Unrestricted	Restricted	Total
			fund	fund	funds
				8
	Support		464,174		464,174
	Total		3,089,415		3,089,415
	NET INCOME		147,358	3,191	150,549
	RECONCILIATION	OF FUNDS
	Total funds brought	fonvard	1,859,108	52,108	1,911,216
	TOTAL FUNDS CARRIED FORWARD		~2,006 466	55299	~2061 765
12.	TANGIBLE FIXED	ASSETS
				Teaching
			Study	blocks 62	Astro
			centre	lab	turf
	COST
	At 1 September 2020 Additions		192,288	2,607,496 ~17 319	112999
	At 31August 2021		~192 288	~2624 815	~112999
	DEPRECIATION
	At I September 2020		192,288	601,591
	Charge for year			131,240	16,143
	At 31 August 2021		~192 288	~732 831	~16 143
	NET BOOK VALUE
	At 31 August 2021			1,891,984	96,856
	At 31 August 2020			2,005,905

12.	TANGIBLE	FIXEDASSETS - continued	FIXEDASSETS - continued
				Car park	Computer
				& field	equipment	Totals
	COST
	At I September 2020 Additions			67,626	~26 070	2,867,410 ~156388
	At 31 August	2021		~67 626	26,070	~3,023 798
	DEPRECIATION
	At I September 2020 Charge for year			13,432 3,381	~8690	807,311 159,454
	At 31 August	2021		16,813	8,690	~966765
	NET BOOK At 31 August	VALUE 2021		~50 813	17,380	~2057,033
	At 31 August	2020		~54 194		~2060,099
13.	DEBTORS:	AMOUNTS	FALLING DUE WITHIN	ONE YEAR
					2021	2020
					f.
	Fee debtors				73,721	75,852
	Other debtors				31,234
	Prepayments	and accrued	income		~120 963	~135338
					225,918	211,190
14.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
					2021	2020
						f
	Bank loans and overdrahs		(see note 16l		41,812	29,117
	Trade creditom				41,944	85,098
	Other creditors				6,681	4,804
	Fee deposits				9,400	16,200
	Fees paid in advance Accrued expenses				441,723 ~89 220	307,008 ~105 755
					~630 780	~547 982

		2021	2020
Bank loans (see note 16) Fee deposits & 1 year		499,388 177,500	447,210 ~108 350
		676,888	555,560
LOANS
An analysis ofthe maturity	ofloans is given below:
		2021	2020
Amounts falling due within one year on demand: Bank loans		41,812	~29 117
Amounts falling between Bank loans & I year	one and two years:	~499 388	447,210

					Interest	rate		Total amount of	Total amount of
			Remaining	term ofloan	payable per annum		Loan repayments in next year	loan drawn at 31 August 2021	loan drawn at 31 August 2020
								f,	f.
Senior	school	loan		12years		2.6%	28,360	449,276	476,327

MOVEMENT	IN FUNDS
					Net
					movement	At
				At 1.9.20	in funds	31.8.21
Unrestricted	funds
General fund				2,006,466	249,685	2,256,151
Restricted funds
Development	I'und			55,299		55,299
TOTAL FUNDS				2,061,765	~249 685	~2 311,450
Net movement	in funds, included		in the above are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
				f.
Unrestricted	funds
General fund				3,636,811	(3,387,126)	249,685
TOTAL FUNDS				3,636,811	~3,387,126)	~249 685
Comparatives	for movement	in	funds
					Net
					movement	At
				At 1.9.19	in funds	31.8.20
Unrestricted	funds
General fund				1,859,108	147,358	2,006,466
Restricted funds
Development	fund			52,108	3,191	55,299
TOTAL FUNDS				~191L216	~150 549	~2,061 765

		Incoming	Resources	Movement
		resources	expended	in funds
		f,		f.
Unrestricted	funds
General fund		3,236,773	(3,089,415)	147,358
Restricted funds
Development	fund	3,191		3,191
TOTAL FUNDS		3,239,964	~3,089,415)	~150549

				Net
				movement	At
			At 1.9.19	in funds	31.8.21
			f.
Uarestricted		funds
General	fund		1,859,108	397,043	2,256,151
Restricted funds
Development		fund	52,108	3, 191	55,299
TOTAL	FUNDS		~191I 216	400 234	~2311 450

		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted	funds
General fund		6,873,584	(6,476,541)	397,043
Restricted funds
Development	fund	3,191		3,191
TOTALFUNDS		~6876 775	~6,476,541)	~400 234

	2021	2020
INCOME AND ENDOWMENTS
Donations and legacies Donations	1,500	17,704
Other trading activities Extras and entrance fees Activities week Government grants	45,472 26,661 24,059	40,927 8,731 ~96 925
	96,192	146,583
Investment inconie Rents received Deposit account interest	2,266 285	2,816 1,658
	2,551	4,474
Charitable activities General tuition	3,579,704	3,298,765
Support fees Scholarships and bursaries	352,008 ~395 144)	231,991 ~459 553)
	~3,536568	3,071,203
Total incoming resources	3,636,811	3,239,964
EXPENDITURE
Charitable activities
Teaching salaries Health insurance	1,558,529 5,405	1,449,551 7,735
Pensions	198,161	246,876
Text books and teaching aids IT maintenance and cousumables Staff training and travel Sports and rent ofpitches	118,100 77,237 9,508 ~5972	116,190 81,484 17,617 ~8177
	1,972,912	1,927,630
Support costs
Mauagement OAice salaries Carried forward	287,389 287,389	204,030 204,030

	2021	2020
Management Brought forward Driven wages Pensions	287,389 22,276 16,385	204,030 19,652 12,120
Other operating leases Telephone and postage Stationery and photocopying Advertising and recruitment Sundries	31,935 16,145 34,731 9,354 9,370	25,694 13,126 32,745 16,540 6,234
Marketing Subscriptions Bad debts	13,960 20,685 4,977	14,048 20,348 19,763
Motor expenses Accountancy Hospitality expenses Speech day expenses School prospectus School inspection Document storage and security Staff welfare	10,647 4,600 5,234 2,276 4,751 3,366 8,897	12,583 13,125 9,819 1,166 3,518 1,947 (213)
Bank loan interest	21,888	23,201
Astro loan interest	456
	529,322	449,446
Finance
Bank charges	2,074	2,187
Other
Catering wages Groundsman wages Other operating leases Rates and water	97,296 28,319 170,000 29,607	86,827 27,717 124,754 26,918
Insurance	30,633	36,630
Light and heat School lunches	25,161 71,931	24,866 63,426
Cleaning Property repairs Household maintenance	41,238 53,134 55,085	34,904 30,064 28,150
Major refurbishments Depreciation oftangible fixed assets	66,613 ~159455	79,864 ~133 491
	828,472	697,611
Governance costs
Auditors' remuneration	7,960	5,580
Carried forward	7,960	5,580

		2021	2020
Governance costs Brought forward Professional fees		7,960 46,386	5,580 6,961
		54,346	~12 541
Total resources	expended	~3,387 126	~3089,415
Net income		249,685	150,549