## ## ## ||||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| ## ## ## ## ## ## ##