2020-08-31-accounts - Arnold House School Ltd

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				Dr M PBadenoch	Dr M PBadenoch
				Rev Dr A KBergquist
				H Burgess (appointed			9 March 2021)
				M English (appointed				8 October 2019)
				EJDe Freitas
				P SJ Derham (resigned				9 July 2020)
				C M S Douglass
				A N J Fafalios (resigned 9 July 2020)
				JBProsser (resigned			16December 2020)
				G Savage (appointed			9March 2021)
				V Savage (appointed			10March 2020)
				D Widdicombe
				A J D Woolf
				J H Zehner
REGISTERED		OFFICE		1 Loudoun Road
				StJohn's Wood
				London
				NW8 OLH
AUDITORS				Haysmacintyre	LLP
				Chartered Accountants
				10Queen Street	Place
				London
				EC4R 1AG
BANKERS				The Royal Bank ofScotland Plc
				48 Haymarket
				London
				SW1Y4SE
INVESTMENT		BROKERS		Brewin Dolphin
				12 Smithfield Street
				London
				EC1A9LA
SOLICITORS				Veale Wasbrough		Vizards
				24 King William		Street
				London
				EC4R 9AT
KEYPERSONNEL
Headmaster				V W PThomas,	BEd,		MA.
Bursar/Company		Secretary		P Vanninen
Deputy	Headmaster		(Academic)	JHill
Deputy	Headmaster		(Pastoral)	S Stones
REGISTERED		COMPANY NUMBER:		00889424
REGISTERED		CHARITY NUMBER:		312725

				Unrestricted	Restricted	Total	Total
				Funds	Funds	Funds	Funds
				2020	2020	2020	2019
			Notes
INCOME FROM:
Charitable activities:
School fee income			3	5,636,293		5,636,293	5,444,707
Other ancillary income				180		180	4,996
Other trading activities:
Rental income				17,672		17,672	19,804
Investment income				102,475		102,475	105,318
Donations and grants				22,340	50,634	72,974	105,533
TOTAL INCOME				f5,778,960	550,634	55,829,594	K5,680,358
EXPENDITURE ON:
Charitable activity:
School Operating Costs:
Teaching costs				3,246,150		3,246,150	3,227,228
Welfare costs				235,083		235,083	317,793
Premises costs				1,209,475		],209,475	1,227,428
Support costs ofschooling				692,392		692,392	583,153
Grants, awards and prizes				10,946	78,394	89,340	100,884
				5,394,046	78,394	5,472,440	5,456,486
Raising funds:
Fundraising costs				64,662		64,662	65,562
Investment management	costs			17,633		17,633	30,920
TOTAL EXPENDITURE			6	5.5,476,341	F78,394	$5,554,735	K5,552,968
NET INCOME/(EXPENDITURE)		BEFORE
TRANSFERS 4
INVESTMENT GAINS				302,619	(27,760)	274,859	127,390
Net gains on investments				(58,480)		(58,480)	106,729
NET MOVEMENT IN FUNDS				244,139	(27,760)	216,379	234,119
BALANCE BROUGHT FORWARD
AT 1 SEPTEMBER2019				9,509,866	412,896	9,922,762	9,688,643
BALANCE CARRIED FORWARD
AT 31AUGUST 2020			13	59,754,005	$385,136	f.10,139,141	E9,922,762

		Notes	2020	2019
FIXEDASSETS
Tangible fixed assets			4,181,865	4,509,677
Investments				3,049,076
			4,181,865	7,558,753
CURRENT ASSETS
Stock			4,121	3,637
Debtors		10	1,378,172	1,089,112
Cash at bank and in hand			7,570,652	4,275,345
			8,952,945	5,368,094
CREDITORS: Amounts	falling due
within one year		11	(2,363,669)	(2,398,085)
NET CURRENT ASSETS			6,589,276	2,970,009
TOTAL ASSETSLESS	CURRENT
LIABILITIES			10,771,141	10,528,762
CREDITORS: Amounts	falling due
after one year		12	(632,000)	(606,000)
—TOTAL NET A.SSETS			f10,139,141	E9,922,762
FUNDS
Unrestricted		13	9,754,005	9,509,866
Restricted		13	385,136	412,896
			f.10,139,141	y.9,922,762

						2020	2019
Reconciliation ofnet cash		inflow from
operations
Net income before	investment		gains			274,859	127,390
Depreciation						383,079	400,682
Interest received						(18,811)	(16,244)
Investment income						(83,664)	(89,074)
Increase in stock						(484)	(388)
(Increase)/decrease	in debtors					(289,060)	169,478
(Decrease)/increase	in creditors					(8,416)	281,245
Net cash flow from operations						257,503	873,089
Cash flows from investing		activities
Investment income	received					83,664	89,074
Interest received						18,811	16,244
Proceeds from sale	ofinvestments					3,213,570	389,848
Purchase oftangible assets						(55,267)	(156,024)
Purchase ofinvestments						(258,194)	(413,183)
Net cash provided	by/(used	in) investing		activities		3,002,584	(74,041)
Increase in cash						3,260,087	799,048
Cash and cash equivalents		at	the beginning		of
the period						4,310,565	3,511,517
Cash and cash equivalents		at	the end of	the
period						K7,570,652	4,310,565
Analysis ofcash and cash equivalents
Cash at bank						7,570,652	4,275,345
Cash held by investment managers							35,220
						$7,570,652	X4,310,565


FEEINCOME				2020	2019
Gross tuition fees				5,447,783	5,151,084
Less: bursaries				(81,384)	(95,160)
Less: staff discounts				(41,030)	(80,880)
				5,325,369	4,975,044
Add: bursaries	funded	by restricted	funds	54,256	63,440
Net tuition fees				5,379,625	5,038,484
Registration fees				15,800	25,100
Other fees and	extras			240,868	381,123
				S5,636,293	$5,444,707

4.	INVESTMENT INCOME	2020	2019
	Dividends	83,664	89,074
	Interest receivable	18,811	16,244
		E,102,475	5.105,318
5.	DONATION AND GRANT INCOME	2020	2019
	Furlough grant	19,130
	Bursary fund donations	24,378	82,642
	Family fund donations	23,535
	Other donations	5,931	22,690
		f.72,974	$105,533

6.	TOTAL EXPENDITURE	TOTAL EXPENDITURE				Staff	Other		Total
						Costs	Costs	Depreciation	2020
	Charitable activity
	Teaching costs					2,815,792	430,358		3,246,150
	Welfare costs						235,083		235,083
	Premises costs					75,511	750,885	383,079	1,209,475
	Support costs					398,441	293,951		692,392
	Grants, awards &prizes						89,340		89,340
	Raising funds
	Fundraising costs					25,510	39,152		64,662
	Investment management		costs				17,633		17,633
						$3,315,254	5.1,856,402	5383,079	X5,554,735
	Governance included	in support costs:
	Auditors remuneration								518,240
	TOTAL EXPENDITURE		(2019)			Staff	Other		Total
						Costs	Costs	Depreciation	2019
	Charitable activity
	Teaching costs					2,666,135	561,093		3,227,228
	Welfare costs						317,793		317,793
	Premises costs					77,861	748,885	400,682	1,227,428
	Support costs					356,263	248,133		604,396
	Grants, awards A prizes						79,641		79,641
	Raising funds
	Fundraising costs					25,729	39,833		65,562
	Investment management		costs				30,920		30,920
						$3,125,988	X2,026,298	5400,682	55,552,968
	Governance included	in support		costs:
	Auditors remuneration								K17,520
7.	STAFFCOSTS							2020	2019
	The average number ofemployees			during	the year
	excluding Governors	was:
	Teachers							45	45
	Non-teachers							10	12
								55	57

STAFFCOSTS (continued)	STAFFCOSTS (continued)						2020	2019
Staff costs during the year	amounted	to:
Wages and salaries						2,626,393		2,571,707
Social security costs							251,425	244,746
Other pension costs							437,436	309,535
						$3,315,254		53,125,988
							2020	2019
						Number		Number
The number ofemployees	where emoluments		exceeded f60,000 were:
f.60,000 —f.69,999
f70,000 —f79,999
f.130,000-5.139,999
S140,000 —f.149,999
Total remuneration ofkey During the year there were	management personnel E2,538 redundancy or			for the year termination	ended 31 payments	August 2020 was X497,084(2019:5450,454). made (2019:fNil).

No remuneration is payable to any Govern	ors. No Governors were	reimbursed any ex	penses (2019:N	il).
TANGIBLE FIXEDASSETS		Fixtures
		Fittings and
	Land and	Computer	Motor
	Buildings	Equipment	Vehicles	Total
COST
At 1 September 2019	9,796,212	1,256,728	68,579	11,121,519
Additions	44,]20	11,147		55,267
At 31August 2020	9,840,332	1,267,875	68,579	11,176,786
DEPRECIATION
At 1 September 2019	5,458,152	1,085,111	68,579	6,611,842
Charge for the year	316,830	66,249		383,079
At 31August 2020	5,774,982	1,151,360	68,579	6,994,921
NET BOOK VALUE
At 31August 2020	$4,065,350	$116,515		f.4,181,865
At 31August 2019	$4,338,060	f.171,617		54,509,677

8.	TANGIBLE FIXEDASSETS	TANGIBLE FIXEDASSETS	TANGIBLE FIXEDASSETS	(continued)		2020	2019
	Land and buildings	at net	book	value
	comprise
	Freehold property					2,057,037	2,152,037
	Leasehold property					2,008,313	2,177,734
						j4,065,350	$4,329,771
9.	INVESTMENTS					2020	2019
	At 1 September 2019					3,013,856	2,883,792
	Additions					258,194	413,183
	Disposals					(3,213,570)	(389,848)
	Unrealised (loss)/gain					(160,422)	106,729
	Realised gain					101,942
							3,013,856
	Cash held within portfolio						35,220
	At 31August 2020						5.3,049,076
	Historic cost						$2,734,153
10.	DEBTORS					2020	2019
	Fees and charges receivable					1,254,379	854,920
	Other debtors					4,815	2,795
	Prepayments and accrued		income			118,978	231,397
						5.1,378,172	5.1,089,112
11.	CREDITORS: Amounts		falling due within		one year	2020	2019
	Trade creditors					29,667	226,554
	Fees charged and fees received			in advance		1,932,108	1,892,484
	Fee deposits					66,000	70,000
	Other creditors					120,863	60,064
	Accruals					150,555	87,609
	Social security and	other taxes				64,476	61,374
						f2,363,669	52,398,085

CREDITORS: Amounts	CREDITORS: Amounts	CREDITORS: Amounts	falling due after one	year		2020	2019
Fee deposits						f632,000	$606,000
FUNDS			Balance at			Investment	Balance at
			1 September	Income	Expenditure	gains/(losses)	31August
			2019			and transfers	2020
Unrestricted	funds
General funds			9,509,866	5,778,960	(5,476,341)	(58,480)	9,754,005
Restricted funds
Bursary fund			404,278	24,379	(60,676)		367,981
Family fund				23,535	(17,718)		5,817
School equipment		fund	8,618	2,720			11,338
			f9,922,762	55,829,594	f(5,554,735)	f(58,480)	f.10,139,141

	FUNDS (2019)	FUNDS (2019)	Balance at			Investment	Balance at
			1 September	Income	Expenditure	Gains/(losses)	31August
			2018			and transfers	2019
	Unrestricted	funds
	General funds		9,287,617	5,588,897	(5,473,377)	106,729	9,509,866
	Restricted funds
	Bursary fund		401,026	82,843	(79,591)		404,278
	School equipment			8,618			8,618
			f9,688,643	55,680,358	X(5,552,968)	f.106,729	f9,922,762
14.	ANALYSIS OF NET ASSETSBETWEEN			FUNDS	Unrestricted	Restricted	Total
	2020				Funds	Funds	Funds
	Fixed asset				4,181,865		4,181,865
	Net current assets				6,204,140	385,136	6,589,276
	Creditors due	after more	than one year		(632,000)		(632,000)
					5.9,754,005	X385,136	f.10,139,141

14.	ANALYSIS OF NET ASSETS BETWEEN FUNDS	ANALYSIS OF NET ASSETS BETWEEN FUNDS		Unrestricted	Restricted	Total
	2019			funds	funds	funds
	Fixed asset			4,509,677		4,509,677
	Investments			3,049,076		3,049,076
	Net current assets			2,557,113	412,896	2,970,009
	Creditors due after more than one year			(606,000)		(606,000)
				f.9,509,866	5412,896	K9,922,762
15.	OTHER FINANCIAL COMMITMENTS
					Land and	buildings
					2020	2019
	The future minimum lease payments	under non-cancellable	operating	leases:
	Within one year				340,000	340,000
	Between two and five years				1,360,000	1,360,000
	After more than 5 years				2,573,753	3,594,685
					K4,273,753	$5,294,685

STATEMENT OF FINANCIAL ACTIVITIES	STATEMENT OF FINANCIAL ACTIVITIES	STATEMENT OF FINANCIAL ACTIVITIES	- COMPARATIVE FIGURES BYFUND	- COMPARATIVE FIGURES BYFUND	- COMPARATIVE FIGURES BYFUND	TYPE
				Unrestricted	Restricted	Total
				Funds	Funds	Funds
				2019	2019	2019
			Notes
INCOME FROM:
Charitable activities:
School fee income			3	5,444,707		5,444,707
Other ancillary income				4,996		4,996
Other trading activities:
Rental income				19,804		19,804
Investment income				105,318		105,318
Donations				14,072	91,461	105,533
TOTAL INCOME				f.5,588,897	591,461	K5,680,358
EXPENDITURE ON:
Charitable activity:
School Operating Costs:
Teaching costs				3,227,228		3,227,228
Welfare costs				317,793		317,793
Premises costs				1,227,428		1,227,428
Support costs ofschooling				583,153		583,153
Grants, awards and prizes				21,293	79,591	100,884
				5,376,895	79,591	5,456,486
Raising funds:
Fundraising costs				65,562		65,562
Investment management	costs			30,920		30,920
TOTAL EXPENDITURE			6	f.5,473,377	f79,591	K5,552,968
NET INCOME/(EXPENDITURE)		BEFORE
TRANSFERS A
INVESTMENT GAINS				115,520	11,870	127,390
Net gains on investments				106,729		106,729
NET MOVEMENT IN FUNDS				222,249	11,870	234,119
BALANCE BROUGHT FORWARD
AT 1SEPTEMBER 2018				9,287,617	401,026	9,688,643
BALANCE CARRIED FORWARD
AT 31AUGUST 2019			13	f.9,509,866	$412,896	f9,922,762