#
##
##
|||||Page|
|---|---|---|---|---|
|Governors'
Annual
Report (incorporating|||a Group Strategic Report)||
|independent|Auditors
Report||||
|Consolidated|Statement
of Financial|Activities||14|
|Consolidated|Balance Sheet|||15|
|Company
Balance Sheet||||16|
|Consolidated|Cashf low Statement|||17|
|Notes to the|Accounts|||18|
##
##
##
##
##
##
##
|Headmaster|Headmaster||||Mr A E Floyd||||
|---|---|---|---|---|---|---|---|---|
|Bursar|and Company||Secretary||Mr D St John Parker|(appointed||12th April 2021)|
|Senior|Leadership|Team|||Mr A Duggan,
Miss SC Fowler,|||Mr M W Goldhawk,|
||||||Mr AJ Morris, Mr RJTemlett||(resigned 31stAugust||
||||||2021), Mr SJWalton (resigned|||31stAugust 2021),|
||||||Mrs F EWestwood
and Mrs||KA Wyborn.||
|Address|and Registered|||Office|The Hawthorns
Educational||Trust Limited||
||||||T/A The Hawthorns|School|||
||||||Pendell Court||||
||||||Bletchingley,
Surrey|RH1 4QJ|||
|Bankers|||||Lloyds Bank pic||||
||||||1 London Road||||
||||||Redhill||||
||||||Surrey RHI IND||||
|Auditors|||||TC Group||||
||||||The Courtyard||||
||||||Shoreham
Road||||
||||||Upper Seeding||||
||||||Steyning||||
||||||West Sussex BN44 3TN||||
|School Website|||||www. hawthorns.
corn||||
|Email|||||office@hawthorns. corn||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
The Hawthorns Educational Trust Limited
INDEPENDENT AUDITOR'S REPORT
Year Ended 31 August 2021
Responsibilities of Governors
As explained more fully in the Governors, responsibilities statement sel out on page 7, the Governors (who
are also the directors of the charitable company for the purposes of company law) are responsible for the
preparation of the financial stalemenls and for being satisfied that Ihey give a true and fair view, and for such
internal control as the Governors determine is necessary lo enable the preparation of financial statements
that are free from material misstatement, whether due lo fraud or error.
In preparing the financial statements, the governors are responsible for assessing the charitable company's
ability to continue as a going concem, disclosing, as applicable, rnalters related to going concern and using
the going concern basis of accounting unless the governors either intend to liquidate the charitable company
or to cease operations. or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the flnanclal statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from material misslalemenl, 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 Ihat an audit
conducted in accordance with ISAS (UK) will always detect a malerial misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate,
they could reasonably be expected to influence the economic decisions of users taken on the basis of these
financial statements.
A further descriplion of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at: https'.Ilwww.frc.org.uklOur-WorkJAudiUAudil-and-assurancelStandards-and-
guidancelslandards-and-guidance-for-audilorslAuditors-responsibililies-for-audiVDescription-of-auditors-
responsibililies-for-audit.aspx. This description fomis part of our auditor's report.
##
##
##
##
|||Notes|Unrestricted|Restricted|TOTAL|TOTAL|
|---|---|---|---|---|---|---|
||||Funds|Funds|2021|2020|
|||||||F|
|INCOME FROM:|||||||
|Donations
and legacies|||2,322|1,205|3,527|21,762|
|Charitable
activities|||||||
|Fees receivable|||5,559,521||5,559,521|5,697,427|
|Other trading activities|||||||
|Sports Centre
Protection fees|||327,080
1,587||327,080
1,587|360„114
4,080|
|Other income|||101,625||101,625|499,765|
|Total Income|||5,992,135|1,205|5,993,340|6,583,148|
|EXPENDITURE ON:|||||||
|Raising funds|||||||
|Sports Centre|||470,251||470,251|508,115|
|Fundraising
(The Hawthorns|||3,187||3,187|3,293|
|Foundation)|||||||
|Charitable
Activities|||||||
|Education|||5,640,403||5,640,403|5,966,931|
|Total Expenditure|||6,113,841||6,113,841|6,478,339|
|NET
INCOME/(EXPENDITURE)|||(121,706)|1„205|(120,501)|104,809|
|AND
NET
MOVEMENT|IN||||||
|FUNDS|||||||
|Reconciliation
offunds|||||||
|Total funds brought forward|||5,843,232|385,202|6,228,434|6,123,625|
|Total funds carried forward|||5,721,526|386,407|6,107,933|6,228,434|
##
|The Hawthorns
Educational
T
CONSOLIDATED
BALANCE
As at 31 August 2021|rust Limited
SHEET|||||
|---|---|---|---|---|---|
||Notes||2021||2020|
||||E||E|
|FIXEDASSETS||||||
|Tangible Assets|10||8,065,347||8,321,870|
|CURRENT ASSETS||||||
|Debtors|12|1,263,548||1,447,311||
|Cash at bank and
in hand||48,946||399,770||
|Total Current Assets||1,312,494||1,847,081||
|Creditors,
due within one year||||3,404,852||
|NET CURRENT LIABILITIES|||(1,255,650)||(1,557,771)|
|LONG TERM LIABILITIES||||||
|Creditors,
due
after more than|14||(701,764)||(535,665)|
|one year||||||
|TOTAL NET ASSETS|||6,107,933||6,228,434|
|Represented
by||||||
|Unrestricted
Fund|17||5,721,526||5,843,232|
|Restricted
Fund|16||386,407||385,202|
|TOTAL NET FUNDS|||6,107,933||6,228,434|
|These accounts were approved|by the board|on||||
|BJCDyer||||||
||hair|||||
|D WJSearle||||||
||Governor|||||
##
##
|ONSOLIDATED
CASH FLOW ST
ear ended 31 August 2021|ATE|MENT||||
|---|---|---|---|---|---|
||||2021||2020|
||||E||E|
|Cash flows from operating
activities:||||||
|Net income/expenditure
for the year||(120,501)||104,809||
|Adjustments
for:||||||
|Depreciation||450,497||418,081||
|Decrease/(Increase)
in debtors
(Decrease)/Increase
in creditors||183,763
93,950||216,853
~532,215||
|Net
cash
provided
by/(used
operating
activities|in)||607,709||207,528|
|Cash flows from investing
activities||||||
|Proceeds from the sale ofproperty,
plant
and equipment||2,500||||
|Purchase oftangible
fixed assets||196,474||280,298||
|Net
cash
provided
by/(used
investing
activities|in)||(193,974)||(280,298)|
|Cash flows from financing
activities||||||
|Cash inflows from new borrowing||200,000||||
|Repayments
of borrowing||(71,265||(67,505)||
|Net
cash
provided
by/(used
financing
activities|in)||128,735||(67,505)|
|Change
in cash and cash equivalent
in the year|||542,470||(140,275)|
|Cash
and
cash
equivalents
at the
beginning
ofthe year|||(675,019)||(534,744)|
|Cash and cash equivalents
at the end
ofthe year|||(132,549)||(675„019)|
|Analysis
of
cash
and
cash||||||
|equivalents||||||
|Cash at bank and
in hand|||48,946||399,770|
|Overdraft
facility payable
on demand|||(181,495)||(1,074,789)|
|Total cash and cash equivalents|||(132,549)||(675,019)|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||||
|---|---|---|---|---|---|---|
|3|Income from Charitable||Activities||2021|2020|
||Gross fees||||5,783,330|6,245,618|
||Less: bursaries,|scholarships||and discounts|(324,367)|(407,470)|
||Less: COVID adjustments||||103,071|377,114|
||||||5,355,892|5,461,034|
||Extras||||203,629|236,393|
||||||5,559,521|5,697,427|
|4|Income from Other Trading|||Activities|2021|2020|
|||||||E|
||Sports Centre income||||308,830|342,585|
||Other lettings and activities||||18,250|17,529|
||||||327,080|360,114|
||Net commission|receivable||||4,080|
||||||327,080|364,194|
|5|Other income||||2021|2020|
|||||||F|
||Insurance
reclaim|||||210,033|
||Furlough
grant|income|||101,625|289,732|
||||||101,625|499,765|
##
##
|||Staff Costs||Other|Depreciation|Total|Total|
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
||||||||E|
|Cost ofraising funds||||||||
|Fundraising||3,187||||3,187|3,293|
|Lettings (inc.||338,707||131,544||470,251|508,115|
|Sports Centre||||||||
|exp)||||||||
|Total cost of||341,894||131,544||473,438|511,408|
|raising funds||||||||
|Teaching||3,168,335||190,234|179,076|3,537,645|3,690,938|
|Welfare|||408,014|||408,014|392,286|
|Premises||172,700|409,040||271,421|853,161|847,031|
|Finance costs||||34,341||34,341|49,206|
|Support|and|434,816||372,426||807,242|987,470|
|Governance||||||||
|Total
charitable||3,775,851|1,414,055||450,497|5,640,403|5,966,931|
|expenditure||||||||
|Total Expenditure||4,117,745|1,545,599||450,497|6,113,841|6,478,339|
|Analysis ofsupport||and Governance|costs|||||
|Governance|costs:|||||2021
E|2020f|
|Auditors'
remuneration||for audit services||||12,240|11,880|
|||||||12,240|11,880|
|Support costs:||||||||
|Auditors'
remuneration||for non audit services||||12,660|16,452|
|Support staff|wages,|national
insurance|and|pension||434,816|532,091|
|Other support|costs|||||347,526|427,047|
|||||||807,242|987,470|
##
|7 Comparative
Statem|ent|ofFinancial Activities|—Year Ended 31August|2020||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||Funds|Funds|2020|
|INCOME FROM:||||||
|Donations
and legacies|||16,951|4,811|21,762|
|Charitable
activities||||||
|Fees receivable|||5,706,547|(9,120)|5,697,427|
|Other trading activities||||||
|Sports Centre
Protection fees|||360,114
4,080||360,114
4,080|
|Other income|||499,765||499,765|
|Total Income|||6,587,457|4,309|6,583,148|
|EXPENDITURE ON:||||||
|Raising funds||||||
|Sports Centre|||508,115||508,115|
|Fundraising
(The Hawthorns||Foundation)|3,293||3,293|
|Charitable
Activities||||||
|Education|||5,966,931||5,966,931|
|Total Expenditure|||6,478,339||6,478,339|
|NET INCOME|||109,118|(4,309)|104,809|
|Net movement
in funds||||||
|Fund balances
brought|forward||5,734,114|389,511|6,123,625|
|Fund balances carried|forward||5,843,232|385,202|6,228,434|
##
##
|Staff Co|sts|||||
|---|---|---|---|---|---|
|||||2021|2020|
||||||F|
|Salaries and wages
Social security costs||||3,265,602
307,441|3,487,647
322,300|
|Pension|costs|||544,702|567,925|
|||||4,117,745|4,377,872|
|Number|ofemployees|whose emoluments|for the year exceeded|2021|2020|
|860,000||||||
||||F60,000to F69,999|||
||||2100,000to f109,999|||
||||8120,000to F129,999|||
||||8130,000to F139,999|||
||||||2021|2020|
|---|---|---|---|---|---|---|
||Teaching and teaching assistants|||(term time)|57|61|
|Others|(administration,|kitchen, maintenance|and sports centre)||33|35|
||||||90|96|
|uctural
reo|rganisation.||||||||
|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|
||||||||F|F|
|Aggregate|employee|benefits|of|key|management|personnel|827,431|960,389|
##
||||2021|2020|
|---|---|---|---|---|
||||F||
|Included|within the operating
surplus|for the year are the following:|||
|Charitable
Activities
-Education|||||
|Operating|lease rentals (inc. VAT)||46,552|48,643|
|Governance|||||
|Auditors'|fees —audit services (inc.|VAT)|12,240|11,880|
|Auditors'|fees —other services (inc.|VAT)|12,660|16,452|
##
|Tangible Fixe|d Assets|||||
|---|---|---|---|---|---|
|The movement|oftangible fixed|assets was as follows:||||
|THE GROUP||Freehold|Electrical,|Fixtures,|TOTAL|
|||property|computer 8|fittings, tools||
||||garden|8 equipment||
||||equipment|||
|Cost||||||
|At beginning
ofyear||11,032,301|530,200|670,862|12,233,363|
|Additions||84,011|64,832|47,631|196,474|
|Disposals|||(176,149)||(176,149)|
|At end ofyear||11,116,312|418,883|718,493|12,253,688|
|Accumulated|Depreciation|||||
|At beginning
ofyear||3,239,387|355,694|316,412|3,911,493|
|Charge for year||271,421|107,678|71,398|450,497|
|Disposals|||173,649||173,649|
|At end ofyear||3,510,808|289,723|387,810|4,188,341|
|Net Book Value||||||
|At beginning
ofyear||7,792,914|174,506|354,450|8,321,870|
|At end ofyear||7,605,504|129,160|330,683|8„065,347|
|THE COMPANY||||||
|Cost||||||
|At beginning
ofyear||10,922,301|530,200|670,862|12,123,363|
|Additions||84,011|64,832|47„631|196,474|
|Disposals|||176,149||176,149|
|At end ofyear||11,006,312|418,883|718,493|12,143,688|
|Accumulated|Depreciation|||||
|At beginning
ofyear||3,239,387|355,694|316,412|3,911,493|
|Charge for year||271,421|107,678|71,398|450,497|
|Disposals|||173,649||173,649|
|At end ofyear||3,510,808|289,723|387,810|4,188,341|
|Net BookValue||||||
|At beginning
ofyear||7,682,914|174,506|354,450|8,211,870|
|At end ofyear||7,495,504|129,160|330,683|7,955,347|
##
##
|2021|2020|
|---|---|
|E||
|71,534|71,534|
|Debtors||||||
|---|---|---|---|---|---|
|||The|Grou|The Compan||
|||2021|2020|2021|2020|
|||F|F||F|
|Fees receivable||1,135,694|1,248,019|1,135,670|1,248,019|
|Other debtors||13,152|66,010|13,152|65,988|
|Prepayments
Loan to subsidiary|company|114,702|'l33,282|114,702
45,276|133,282
45,276|
|TOTAL||1,263,548|1,447,311|1,308,800|1,492,565|
##
|||||The|Grou|The Compan|The Compan|
|---|---|---|---|---|---|---|---|
|||||2021|2020|2021|2020|
|||||E|P|F|F|
|Fees charged|in advance|||1,959,524|1,759,284|1,959,524|1,759,284|
|Bank loans and||overdrafts||273,367|1,145,938|273,367|1,145,938|
|Other creditors||and school|(Note 15)|299,977|414,799|299,737|414,559|
|fees received|in advance|||||||
|Accruals||||35,276|84,831|35,276|84,831|
|TOTAL||||2,568,144|3,404,852|2,567,904|3,404,612|
##
##
|ended 31|August 2021|August 2021||||||||
|---|---|---|---|---|---|---|---|---|---|
|Creditors|due after more||than one|year||||||
|||||||The|Grou|The Com|an|
|||||||2021|2020|2021|2020|
|Long term loans
Advanced
Fees Payments
than one year|||Scheme|due|more|554,927
146,837|446,915
88,750|554,927
146,837|446,915
88,570|
|TOTAL||||||701,764|535,665|701,764|535,665|
|Loan maturity
analysis||||||||||
|Repayable
Repayable
Repayable|in less than
in 1-2years
in 2-5years|1 year (Note||13)||91,872
119,341
385,406|71,149
75,205
251,464|91,872
119,341
385,406|71,149
75,205
251,464|
|Repayable|in more than|5|years|||51,041|120,246|51,041|120,246|
|TOTAL||||||647,660|518,064|647,660|518,064|
##
|Advanc|e|d
Fees Payment
Scheme|||||||
|---|---|---|---|---|---|---|---|---|
|Parents||may enter
into a contract|to pay the School tuition fees||in advance.
The money|||may be|
|returned,||subject to specific conditions,||upon the receipt of one term's||notice. Assuming|pupils
will||
|remain|in the School, advance fees||will|be applied as below:|||||
|||||||2021||2020|
|||||||F|||
|Due within one year||||||53,988||55,727|
|Advanced||Fees Payments
Scheme|due|more than one year||146,837||88,750|
|TOTAL||||||200,825||144,477|
|The balance represents
the accrued|||liability under the contracts.||||||
|The movements
during the year were:||||||2021||2020|
|||||||||E|
|Balance||at beginning
ofthe year||||144,477||362,605|
|Amounts||received
during the year||||132,849||20,155|
|Amounts||credited to pupil accounts|for fees|||(76,501)|(238,283)||
|Balance||at end ofyear||||200,825||144,477|
##
|current|and|former|parents
and from|Old Hawthorn|ians.|||
|---|---|---|---|---|---|---|---|
||||Balance at|Income|Expenditure|Transfers|Balance|
||||1||||at|
||||September||||31 August|
||||2020||||2021|
||||F|||||
|The|Hawthorns||385,202|1,205|||386,407|
|Foundation||||||||
|Designation||of||||||
|Fund||||||||
|Bursary|Fund||165,723|1,205|||166,928|
|Capital|Projects||182,149||||182,149|
|Fund||||||||
|Endowment||Fund|37,330||||37,330|
|TOTAL|||385,202|1,205|||386,407|
##
||||Balance at|Income|Expenditure|Transfers|Balance|
|---|---|---|---|---|---|---|---|
|||1|September||||at|
||||2020||||31 August|
||||||||2021|
||||||||F|
|The|Company||5,850,260|5,890,510|6,012,218||5,728,552|
|The|Group||5,843,232|5,890,510|6,012,216||5,721,526|
##
##
##
##
##
##