2022-08-31-accounts - Feltonfleet School Trust Limited

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Legal and	Administrative	Information
Governors'	Report (incorporating		the Stategic Report)
Statement	of Governors'	Responsibilities
Report of	the Independent	Auditors		12
Statement	of Financial Activities
Balance Sheet				17
Cash Flow	Statement			18
Notes tothe Financial Statements				19

Governors					Mr G D Ash bee Chairman
					Mrs E AAnderson BA, LLB,JP(Resigned 23/06/2022)
					Mr D J Barry BSc,MA, GDL
					Mrs T L Harvey M.Ed, RSA, FCoT
					Mr P A Howard BSC,ACA
					Mrs S Humphrey BA (Hons), PGCE
					Mrs M Jenner MBE,JP
					Mr G R Owton BA
					Mrs H D Quincey CIPD
					Mr M 0Sadler MA, LLB, FCCA
					Mrs 3St Gallay BA (Hone), PGCE, JP
					Mrs M White LLB(Hons)
Senior Leadership			Team
Head					Mrs M LLance BD PGCE
Secretary and			Bursar		Mr N Bmnington MBE, MBA
Senior	Deputy		Head		Mr E A Carradine BA PGCE GCPS
Deputy		Head (Pastoral)			Miss E Cherry BA (Hons), PGCE
Deputy		Head (Academic)			Mr SJ Pomeroy MA (Ed) BSC(Hons) PGCE
Assistant		Head	(Operations	&Logistics)	Mr P J Brea kwell B.Ed Cert.Ed
Assistant		Head	(Digital Communication)		Mr GI Starkey BA (Hons) PGCE
Head of		Pre-Prep			Mrs A Burton Smith MA, QTS
Head of		Boarding			Mr M J Rochford BSc(Hons) PGCE
Head of		Upper	School		Mr IThompson BA(Hons), QTS
Head of		Middle School			Miss A Wright BSC(Hone), PGCE
Head of		Lower	School		Miss H Marland BA (Hone), PGCE, BTEC
Director		ofStudies			Mrs CCarradine MManSci (Hone), DEUF, PGCE
Chadity number					312070
Company	number				00911933
Registered		office and principal		address	Feltonf lect School
					Byflect Road
					Cobham
					Surrey
					KT111DR
Auditors					TC Group
					The Courtyard
					Shoreham Road
					Upper Beeding
					Steyning
					West Sussex
					BN44 3TN
Bankers					Lloyds TSBBank pic
					Commercial Office
					Brambletye House
					29 Brighton Road
					Crawley
					RH10 6AE
Solicitors					Moore Barlow LLP
					The Onel
					Sydenham Road
					Guildford
					Surrey
					GU1 3SR

School	School	Places offered	School	Places offered
			Notre Dame
Box Hill	School		Prior's Field
Bradfield	College		Reed's	13
Charterhouse			RGS, Guildford
Claremont	Fan Court		StGeorge's College
Cranleigh	School	10	St John' s, Leatherhead	17

Cranmore		St Teresa's
Epsom College	18	Thomas's Battersea
Eton College		Wellington College
Halliford		Winchester College
Hurst		Worth
King Edward's, Witley
School 11+places	Places offered	School 11+places	Places offered
Epsom College		Reeds
Guildford High		RGS, Guildford
Hampton School		StCatherine's, Bramley
Lord Wandsworth		StGeorge's College
Notre Dame		StJohn's, Leatherhead
Queen		StTeresa's
Anne's,
Caversham
Queen's Gate

				Notes	Unrestricted	Restricted	Designated	Total	Total
					Fullds	Funds	Funds	2022	2021
					6	6	6	6	E
INCOME FROM:
Donations					347			347	2,000
Investments					2,875			2,875	3,646
Charitable activities					7,855,203			7,855,203	7,257,763
Total income					7,858,425			7,858,425	7,263,409
EXPENDITURE	ON:
Charitable activities					7,372,763			7,372,763	6,824,161
Total expenditure					7,372,763			7,372,763	6,824,161
Net income					485,662			485,662	439,248
Transfers between		funds		20	111,715	(24,000)	(87,715)
Net movement	in funds				597,377	(24,000)	(87,715)	485,662	439,248
Fund balances	brought		forward		8,607,547	24,000	215,921	8,847,468	8,408,220
Fund balances	carried forward			20	9,204,924		128,206	9,333,130	8,847,468

	Notes	2022		2021
FIXEDASSETS
Tangible assets	12		7,167,405		7,229,070
CURRENT ASSETS
Debtors	13	928,253		1,197,536
Cash at bank and in hand		4p885,006		3,818,953
		5,813,259		5,016,489
CURRENT LIABILITIES
Creditors due within one year	14	(3,647p534)		(3,398,091)
NET CURRENT ASSETS			2,165,726		1,618,398
TOTAL ASSETS LESSCURRENT	LIABILITIES		9,333,130		8,847,468
NET ASSETS			9,333,130		8,847,468
REPRESENTED BY:	20
RESTRICTED FUNDS					24,000
UNRESTRICTED FUNDS
General funds		9,204,924		8,607,547
Designated funds		128,206	9,333,130	215,921	8,823,468
			9,333,130		8,847,468

FOR THE YEAR ENDED 31AUGUST	20	22
					Notes	2022		2021
Cash flows from operating activities:
Net income/(expenditure) for the	year					485,662		439,248
Adjustments for:
Depreciation charges					12	388,687		375,494
Dividends, interest and rents from	investments				7	(2,875)		(3,646)
Loss/(profit) from sale oftangible	fixed assets					1,360		3,420
(Increase)/decrease in debtors						269,284		418,751
Increase/(decrease) in creditors						249,443		190,476
Net cash provided by/(used in) operating				activities			1,391,561		1,423,743
Cash flows from investing activities:
Dividends, interest and rents from	investments				7	2,875		3,646
Purchase oftangible fixed assets					12	(328,382)		(205,253)
Net cash provided by/(used in) investing			activities				(325,507)		(201,607)
Change in cash and cash equivalents		in the year					1,066,054		1,222,136
Cash and cash equivalents at the	beginning			ofthe year			3,818,953		2,596,817
Cash and cash equivalents at the	end	of	the year				4,885,006		3,818,953
Analysis ofcash and cash equivalents
Cash at bank and in hand							4,885,006		3,318,953
Notice deposits (less than 30days)									500,000
Total cash and cash equivalents							4,885,006		3,818,953

NET INCOME/(EXPENDITURE)
This is stated after charging:		2022	2021
		E	6
Operating lease payments		170,872	157,416
Depreciation		388,687	375,494
Profit/(loss) on disposal ofassets		2,941	3,420
Auditors' remuneration -audit services		13,200	12,300
Auditors' remuneration -non-audit	services	17,141	18,360

6	INCOME FRO		M DON	ATIONS AND LEGACIES
				UNRESTRICTED	RESTRICTED	DESIGNATED	TOTAL	TOTAL
							2022	2021
							E	E
	Donations			347			347	2,000
7	INCOME FROM INVESTMENTS
				UNRESTRICTED	RESTRICTED	DESIGNATED	TOTAL	TOTAL
							2022	2021
							6	6
	Interest			2,875			2,875	3,646
8	INCOME FROM CHARITABLE ACTIVITIES
							TOTAL	TOTAL
							2022	2021
							6	6
	Gross school	fees					8,208,107	7,836,636
	less bursaries		and allowances				(494,193)	(817,570)
	Net school fees						7,713,914	7,019,066
	Add:
	Registration	fees					21,457	21,678
	Extras income						46,044	113,172
	Other income		- CIRS	grant				46,622
	Other income						2,941
	School bus/transport			Income			70,848	57,225
							7,855,203	7,257,763

ANALYSIS OF EXPENDITURE	ANALYSIS OF EXPENDITURE	ANALYSIS OF EXPENDITURE
					Staff		Depreciation	Other	Total	Total
					Costs			costs	2022	2021
						E	f	f	f	f
Charitable expenditure
Education
Teaching				4,007,116			62,038	359,317	4,428,471	4,384,877
Welfare						221,277		550,548	771p824	557,422
Premises						137,347	326,649	529,921	993,917	869,883
Support and governance						672,487		506064	1p178p551	1,011,979
Total charitable expenditure				5,038,225			388,687	1,945,850	7,372,763	6,824,161
Analysis ofsupport and		governance		costs:					2022	2021
									E	E
Governance costs:
Auditors remuneration		for audit services							13,200	12,300
Total governance costs									13,200	12,300
Support costs:
Auditors' remuneration		for non audit services							17,141	18,360
Legal and professional	fees relating to				support				79,135	32,997
Support staff wages, national			insurance			and pension			672,487	583,973
Other support costs									396,588	364,349
									1,178,551	1,011,979

	2022	2021
	Number	Number
Teaching	67	67
Domestic	20	18
Administration	19	17
	106	102

The aggregate	payroll costs for the year were as follows;
		2022	2021
		f	f
Wages and salaries		3,951,601	3,624,820
Social security	costs	415,513	357,679
Pension costs		671,111	635,994
		5,038,225	4,618,493

:
2022	2021
Number	Number

			2022	2021
			f	f
Defined	contribution	schemes		5,021
Defined	benefit schemes		47,424	34,099

			Unrestricted	Restricted	Designated	Total
			Funds	Funds	Funds	2021
			f	E	E	E
INCOME FROM:
Donations and legacies			2,000			2,000
Investments			3,646			3,646
Charitable activities			7,257,763			7,257,763
Total income			7,263,409			7,263,409
EXPENDITURE ON:
Charitable activities			6,824,161			6,824,161
Total expenditure			6,824,161			6,824,161
Net income			439,248			439,248
Transfers between	funds		53,391	(24,000)	(29,391)
Net movement in funds			492,639	(24,000)	(29,391)	439,248
Fund balances brought		forward	8,114,908	48,000	245,312	8,408,220
Fund balances carried forward			8,607,547	24,000	215,921	8,847,468

TANGIBLE FIXED ASSETS
	Freehold	Fixtures,	Motor	Outside	IT	Total
	Land and	Fittings &	Vehicles	Facilities	Project
	Buildings	Equipment
	E	E
Cost
At 1September 2021	10,833,782	451,815	171,252			11,456,849
Additions	183,506	125,882		17,195	1,799	328,382
Disposals		(400)	(13,837)			(14,237)
Transfers	(353,351)	(19,034)		353,351	19,034
At 31August 2022	10,663,937	558,263	157,415	370,546	20,833	11,770,995
Depreciation
At 1September 2021	3,813,126	261,958	152,695			4,227,781
Charge for year	325,534	51,391	8,117	1,116	2,529	388,687
Eliminated on disposal		(400)	(12,477)			(12,877)
Transfers	(353,351)	(7,138)		353,351	7,138
At 31August 2022	3,785,309	305,811	148,335	354,467	9,667	4,603,589
Net Book Value
At 31August 2022	6,878,628	252,452	9,080	16,079	11,166	7,167,405
At 31August 2021	7,020,656	189,857	18,557			7,229,070

13	DEBTORS
			2022	2021
			E	E
	Fee debtors		794,738	1,142,584
	Prepayments	and accrued income	122,969	50,748
	Other debtors		10,545	4,204
			928,253	1,197,536
14	CREDITORS: due within one year
			2022	2021
			E	E
	Trade creditors		270,980	98,099
	Accruals and	other creditors	35,552	58,170
	Fees in Advance		2,753,610	2,695,765
	Deposits		587,392	546,057
			3,647,534	3,398,091

At 31August 2022 the company had total comm payable as follows:	itments under non-cancellable o	perating l
	2022	2021
	f	f
Within one year	156,459	182,712
Between one and five years	134,442	183,455
	290,901	366,167

		At 1Sept	Income	Expenses	Transfers	At 31
		2021				August 2022
Unrestricted	funds
General reserves		8,607,547	7,858,425	(7,372,763)	111715	9p204p924
Designated	funds	215,921			(87,715)	128,206
		8,823,468	7,858,425	(7,372,763)	24,000	9,333,130
Restricted funds
Holroyd Howe		24,000			(24,000)
		24,000			(24,000)
Totalfunds		8,847,468	7,858,425	(7,372,763)		9,333,130

ANALYSIS OF	NET ASSETS BETWEEN	FUNDS
		Unrestricted	Designated	Restricted	Total
		Funds	Funds	Funds	2022
A~31* 2322		f	f	f	f
Tangible fixed	assets	7,167,405			7,167,405
Current assets		5,685,054	128,206		51813,259
Creditors: less	than one year	(3,647,534)			(3,647,534)
		9,204,924	128,206		9,333,130
~Cti	3 3	Unrestricted Funds	Designated Funds	Restricted Funds	Total 2021
~A31 A	2321	f	f		f
Tangible fixed	assets	7,229,070			7,229,070
Current assets		4,776,568	215,921	24,000	5,016,489
Creditors: less than one year		(3,398,091)			(3,398,091)
		8,607,547	215,921	24,000	8,847,468