2022-08-31-accounts

			Page
Governors' Annual Report (incorporating		a Group Strategic Report)
Independent	Auditors Report
Consolidated	Statement of Financial Activities		14
Consolidated	Balance Sheet
Company Balance Sheet			16
Consolidated	Cashf low Statement		17
Notes to the	Accounts

Headmaster	Headmaster				Mr A E Floyd
Bursar	and Company		Secretary		Mr D St John Parker
Senior	Leadership	Team			Mr A Duggan, Miss SC Fowler,				Mr M	W Goldhawk,
					Mr AJ Morris, Mr AWRaja (appointed					1September
					2021), Mr R Skottowe		(appointed			1 September
					2021), Mrs F E Westwood			and	Mrs	K A Wyborn
					(resigned 31 August	2022).
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
					corn
Auditors					TC Group
					The Courtyard
					Shoreham Road
					Upper Seeding
					Steyning
					West Sussex BN44 3TN
School Website					www. hawthorns. corn
Email					office@hawtho ms.

The Hawthorns Educational Trust Limited INDEPENDENT AUDITOR'S REPORT Year Ended 31 August 2022 Responsibilities of Governors As explained more fully in the Governors, responsibilities statement set out on page 8, 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 statements and for being satisfied that they give a true 2nd fair view, and for such internal control as the Goverr)ors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the governors are responsible for assessing the charitable company's ability to continue as a going Concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounling unless the governors either intend lo liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Auditor's responslbllities for the audit of the f inancial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered matèrial rf, 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 description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. https'.Ilww.frc.org.uklOur-WorklAuditlAudit-and-assurancelStandards-and- guidancelStandards-and-guidance-for-audf£orslAuditors-responsibilities-for-8udiUDescription-of-auditors- responsibilities-for-aLJdrt.aspx. This description forms part of OLJr auditor's report.

		Notes	Unrestricted	Restricted	TOTAL	TOTAL
			Funds	Funds	2022	2021
INCOME FROM:				F		F
Donations and legacies			1,591		1,591	3,527
Charitable activities
Fees receivable			6,213,680		6,213,680	5,559,521
Other trading activities
Sports Centre Protection fees			618,230 761		618,230 761	327,080 1,587
Other income						101,625
Total Income			6,834,262		6,834,262	5,993,340
EXPENDITURE ON:
Raising funds
Sports Centre			644,886		644,886	470,251
Fundraising (The Hawthorns Foundation)			250		250	3,187
Charitable Activities
Education			6,090,608		6,090,608	5,640,403
Total Expenditure			6,735,744		6,735,744	6,113,841
NET INCOME/(EXPENDITURE)			98,518		98,518	(120,501)
Transfers between	funds	16	67,437	(67,437)
NET MOVEMENT	IN FUNDS		165,955	(67,437)	98,518	(120,501)
Reconciliation of	funds
Total funds brought	forward		5,721,526	386,407	6,107,933	6,228,434
Total funds carried forward			5,887,481	318,970	6„206,451	6,107,933

ONSOLIDATED CASH FLOW ear ended 31 August 2022	STATE	MENT
			2022		2021
			E
Cash flows from operating activities:
Net income/expenditure for the	year	98,518		(120,501)
Adjustments for: Depreciation Decrease/(Increase) in debtors		444,406 (522,058)		450,497 183,763
(Decrease)/Increase in creditors		786,617		93,950
Net cash provided by/(used operating activities	in)		807,483		607,709
Cash flows from investing activities
Proceeds from the sale ofproperty, and equipment	plant			2,500
Purchase oftangible fixed assets		260,867		196,474
Net cash provided by/(used investing activities	in)		(260,867)		(193,974)
Cash flows from financing activities
Cash inflows from new borrowing Repayments of borrowing		91,983		200,000 ~71,265)
Net cash provided by/(used in) financing activities			(91,983)		128,735
Change in cash and cash equivalent in the year			454,633		542,470
Cash and cash equivalents beginning ofthe year	at the		(132,549)		(675,019)
Cash and cash equivalents atthe end ofthe year			322,084		(132,549)
Analysis of cash and	cash
equivalents
Cash at bank and in hand			322,084		48,946
Overdraft facility payable on demand					(181,495)
Total cash and cash equivalents			322,084		(132,549)

3	Income from	Charitable	Activities		2022	2021
	Gross fees Less: bursaries, scholarships Less: CQVID adjustments			and discounts	6,241,386 (337,889)	5,783,330 (324,367) 103,071
					5,903,497	5,355,892
	Extras				310,183	203,629
					6,213,680	5,559,521
4	Income from	Other Trading		Activities	2022	2021
	Sports Centre	income			602,650	308,830
	Other lettings	and activities			15,580	18,250
					618,230	327,080
5	Other income				2022	2021
	Furlough grant	income				101,625
						101,625

	Staff Costs	Other	Depreciation	Total	Total
				2022	2021
				E	E
Cost of raising funds
Fundraising	250			250	3,187
Lettings (inc.	387,181	257,705		644,886	470,251
Sports Centre
exp)
Total cost of	387,431	257,705		645,136	473,438
raising funds
Teaching	3,294,468	253,583	179,076	3,727,127	3,537,645
Welfare	102,115	425,807		527,922	408,014
Premises	139,681	507,201	265,330	912,212	853,161
Finance costs		57,139		57,139	34,341
Support and	440,778	425,430		866,208	807,242
Governance
Total charitable	3,977,042	1,669,160	444,406	6,090,608	5,640,403
expenditure
Total Expenditure	4,364,473	1,926,865	444,406	6,735,744	6,113,841

Analysis	of	support	and Go	vernance	costs
						2022	2021
Governance		costs:				E
Auditors'	remuneration		for audit services			12,790	12,240
						12,790	12,240
Support	costs:
Auditors'	remuneration		for non	audit services		10,425	12,660
Support	staff	wages,	national	insurance	and pension	440,778	434,816
Other support		costs				402,215	347,526
						866,208	807,242

			Unrestricted	Restricted	Total
			Funds	Funds	2021
INCOME FROM:					F
Donations and legacies			2,322	1,205	3,527
Charitable activities
Fees receivable			5,559,521		5,559,521
Other trading activities
Sports Centre Protection fees			327,080 1,587		327,080 1,587
Other income			101,625		101,625
Total Income			5,992,135	1,205	5,993,340
EXPENDITURE ON:
Raising funds
Sports Centre Fundraising (The Hawthorns Charitable Activities		Foundation)	470,251 3,187		470,251 3,187
Education			5,640,403		5,640,403
Total Expenditure			6,113,841		6,113,841
NET INCOME			(121,706)	1,205	(120,501)
Net movement in funds
Fund balances brought	forward		5,843,232	385,202	6,228,434
Fund balances carried	forward		5,721,526	386,407	6,107„933

Staff Co	sts
				2022f	2021f
Salaries and wages Social security costs Pension costs				3,470,051 340,264 554,158	3,265,602 307,441 544,702
				4,364,473	4,117,745
Number f60,000	ofemployees	whose emoluments	for the year exceeded f60,000 to f69,999	2022	2021
			f80,000to f89,999
			f130,000to f139,999
			f140,000to f149,999

me equivalent employees duri	ng the	year was:
								2022	2021
Teaching and teaching assistants (term time) Others (administration, kitchen, maintenance and sports centre)								55 33	57 33
								88	90
e key management personnel	ofthe school are detailed				in	the Governors'		Report.
								2022f	2021
Aggregate employee benefits of key management				personnel				895,399	827,431
ne of the Governors received	any remuneration		or	other		benefits	from	the school or any connected
dy.
Operating Surplus								2022f	2021f
Included within the operating	surplus	for the year	are	the	following:
Charitable Activities - Education
Operating lease rentals (inc. VAT)								49,568	46,552
Governance
Auditors' fees —audit services	(inc.	VAT)						12,790	12,240
Auditors' fees —other services (inc.		VAT)						10,425	12,660

THE GROUP	Freehold	Electrical,	Fixtures,	TOTAL
	property	computer 8	fittings, tools
		garden	8 equipment
		equipment
Cost
At beginning ofyear Additions At end ofyear	11,116,312 137,571 11,253,883	418,883 52,258 471,141	718,493 71,038 789,531	12,253,688 260,867 12,514,555
Accumulated Depreciation
At beginning ofyear Charge for year	3,510,808 290,007	289,723 75,623	387,810 78,776	4,188,341 444,406
At end ofyear	3,800,815	365,346	466,586	4,632,747
Net Book Value
At beginning ofyear	7,605,504	129,160	330,683	8,065,347
At end ofyear	7,453,068	105,795	322,945	7,881,808
THE COMPANY
Cost
At beginning ofyear Additions	11,006,312 137,571	418,883 52,258	718,493 71,038	12,143,688 260,867
At end ofyear	11,143,883	471,141	789,531	12,404,555
Accumulated Depreciation
At beginning ofyear Charge for year	3,510,808 290,007	289,723 75,623	387,810 78,776	4,188,341 444,406
At end ofyear	3,800,815	365,346	466,586	4,632,747
Net Book Value
At beginning ofyear	7,495,504	129,160	330,683	7,955,347
At end ofyear	7,343,068	105,795	322,945	7,771,808

Debtors
		The	Group	The Compan
		2022	2021	2022	2021
		E	F
Fees receivable		1,645,841	1,135,694	1,645,817	1,135,670
Other debtors		14,380	13,152	14,380	13,152
Prepayments Loan to subsidiary	company	125,385	114,702	125,385 45,276	114,702 45,276
TOTAL		1,785,606	1,263,548	1,830,858	1,308,800

Creditors due	within one ye	ar
			The	Grou	The Com	an
			2022	2021	2022	2021
			f'		E	E
Fees charged in advance Bank loans and overdrafts			2,384,632 119,446	1,959,524 273,367	2,384,632 119,446	1,959,524 273,367
Other creditors	and school	(Note 15)	639,381	299,977	639,141	299,737
fees received	in advance
Accruals			42,736	35,276	42,736	35,276
TOTAL			3,186,195	2,568,144	3,185,955	2,567,904

Creditors du	e after m	ore t	han one	year
						The	Grou	TheCom	an
						2022	2021	2022	2021
							F
Long term loans Advanced Fees Payments than one year			Scheme	due	more	435,370 161,482	554,927 146,837	435,370 161,482	554,927 146,837
TOTAL						596,852	701,764	596,852	701,764
Loan maturity	analysis
Repayable in Repayable in Repayable in Repayable in	less than 1-2years 2-5 years more than	1 year (Note 5years		13)		119,446 123,826 311,550	91,872 119,341 385,406 51,041	119,446 123,826 311,550	91,872 119,341 385,406 51,041
TOTAL						554,822	647,660	554,822	647,660

returned, subject to specific conditi remain in the School, advance fees	ons, upon the receipt of one term will be applied as below:	's notice. Assuming	pupils will
		2022	2021
		F	F
Due within one year Advanced Fees Payments Scheme	due more than one year	120,176 161,482	53,988 146,837
TOTAL		281,658	200,825
The balance represents the accrued	liability under the contracts.
The movements during the year were:		2022	2021
		E
Balance at beginning ofthe year Amounts received during the year Amounts credited to pupil accounts	for fees	200,825 175,663 (94,830)	144,477 132,849 (76,501)
Balance at end ofyear		281,658	200,825

current	and	former	parents and from	Old Hawthorn	ians.
			Balance at	Income	Expenditure	Transfers	Balance
			1				at
			September				31 August
			2021				2022
			F			E	E
The	Hawthorns		386,407			(67,437)	318,970
Foundation
Designation		of
Fund
Bursary Capital	Fund Projects		166,928 182,149			(67,437)	99,491 182,149
Fund
Endowment		Fund	37,330				37,330
TOTAL			386,407			67,437)	318,970

			Balance at	Income	Expenditure	Transfers	Balance
		1	September				at
			2021				31 August
							2022
							E
The	Company		5,728,552	6,834,262	6,735,744	67,437	5,894,507
The	Group		5,721,526	6,834,262	6,735,744	67,437	5,887,481