2021-08-31-accounts - Homefield Preparatory School Trust Limited

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Contents
Report ofthe Governors
Report ofthe Auditor
Statement of Financial	Activities
Balance Sheet
Cash Flow Statement
Notes to the Financial Statements

				2021				2020
		Unrestricted	Restricted			Unrestricted	Restricted
		Funds		Funds	Total	Funds	Funds			Total
	Note
Income from:
Donations Other trading activities		4,359		1,235	5,594	1,063		6,567		7,630
School shop		206			206	316				316
Investments Charitable activities		6,735			6,735	18,624				18,624
Fees receivable Extras chargeable Otherincome		3,801,530 226,041			3,801,530 226,041	3,889,865 220,389			3,889,865 220,389
Insurance claim		100,000			100,000
Sundry income CJRS grant		4,162 33730			4,162 33730	17,045 81 299				17,045 81 299
Total income		4 176763		1 235	4177998	4228601		6567	4235168
Expenditure on:
Raising funds
Cost ofgoods sold						132				132
Charitable activities
School operating costs		3826 271		2902	3829173	3955646		6905	3962551
Total expenditure	2	3 826 271		2902	3829173	3955778	6905		3962683
Net income	3	350,492	(	1,667)	348,825	272,823	(	338)		272,485
Transfers between funds	12,13
Net movement in funds		350,492	(	1,667)	348,825	272,823	(	338)		272,485
Reconciliation offunds At 1"September 2020		8608390		5113	8613503	8335567	5451		8341 018
Balance carried forward
At31"August 2021		8958882		3446 ~896232		8608390	5113		8613503
All recognised gains and losses are Statement ofTotal Recognised Gains		reflected through the Statement of Financial Activities or Losses is presented.						and no		separate

				2021	2020
			Note
Net cash inflow from operating activities			19	766,108		381,341
Returns on investments and
servicing offinance
Interest received			6735		18624
				6,735		18,624
Capital expenditure
Payments to acquire tangible	fixed assets		(3,028,489)		(2,293,806)
Refund for asset capitalised	last year				9,351
Receipts from sales oftangible		fixed assets	1 280		2D 000
				(3027209)	(2	264 455)
(Decrease) / Increase in cash				(2 2!~435~6	~1~44')
RECONCILIATION OF NET	CASH FLOW TO		MOVEMENT	IN NET FUNDS
				2021		2020
(Decrease)/Increase in cash	in	the year		(2254 366)	(1	864 490)
Movement in net funds				(2,254,366)	(1,864,490)
Net funds brought forward Net funds carried forward				3 163232 ~)~6	5 D27 722 ~3)~2'32

NET INCOIIE							2021	2020
This is stated after charging: Auditors' remuneration —statutory audit —termly and annual —payroll services Depreciation				accounts			5,580 5,011 7,834 ~370 0 3	5,580 7,068 7,911 362666
STAFF COSTS							2021	2020
Staff costs during the year amounted Wages and salaries Social security costs Pension costs (see Note 17)		to:					2,094,177 212,073 374 366 2 680616	2,127,287 219,128 395581 2 741 996
The average number ofemployees		during	the		year was	as follows:	2021	2020
							No	No
Teaching Estates							44 8	46 7
Catering Maintenance								4
Administration							9	10
							61	67
The number ofemployees whose	emoluments				amounted	to over f60,000	in the year were as follows:
							2021	2020
							No	No

Unlisted	investment	at cost
Homefield	School Enterprises		Ltd
Total Investments

Homefield School Enterprises Limited is a wholly owned subsidiary ofHomefield Preparatory School Trust Limited, which was incorporated on 30 April 2013.The initial accounting period for Homefield School Enterprises was from incorporation to 31 August 2014. It has remained dormant to 31 August 2021.	Homefield School Enterprises Limited is a wholly owned subsidiary ofHomefield Preparatory School Trust Limited, which was incorporated on 30 April 2013.The initial accounting period for Homefield School Enterprises was from incorporation to 31 August 2014. It has remained dormant to 31 August 2021.	Homefield School Enterprises Limited is a wholly owned subsidiary ofHomefield Preparatory School Trust Limited, which was incorporated on 30 April 2013.The initial accounting period for Homefield School Enterprises was from incorporation to 31 August 2014. It has remained dormant to 31 August 2021.	Homefield School Enterprises Limited is a wholly owned subsidiary ofHomefield Preparatory School Trust Limited, which was incorporated on 30 April 2013.The initial accounting period for Homefield School Enterprises was from incorporation to 31 August 2014. It has remained dormant to 31 August 2021.	Homefield School Enterprises Limited is a wholly owned subsidiary ofHomefield Preparatory School Trust Limited, which was incorporated on 30 April 2013.The initial accounting period for Homefield School Enterprises was from incorporation to 31 August 2014. It has remained dormant to 31 August 2021.
DEBTORS			2021	2020
Fees debtors			35,372	53,594
Other debtors			4,162	4,499
Prepay ments			72 341 111875	53201 111294
CREDITORS:	Amounts falling	due within one year	2021	2020
Fees received	in advance		464,491	9,302
Taxes and social security costs Accruals			51,338 231,832	55,445 416,233
Other creditors			196278	209736
			943939	690716

were payable	as set out below:
		2021	2020
Within one year Within two to five years		24,992 52483 77475	21,555 43576 65 131
The operating	lease charges for the year were:
		2021	2020
Hire of plant	and machinery	21 555	23502

UNRESTRICTED FUNDS	UNRESTRICTED FUNDS	Balances	Income			Balances
		brought	less		Gains and	carried
		forward	expenditure	Transfers	losses	forward
2021
Designated funds:
Tangible fixed asset	fund	6,027,910		2,855,833		8,883,743
General reserve		2580480	350492	(2~855833		75139
Total unrestricted	funds	(L60(~0	35(~492			8~2
2020
Designated funds:
Tangible fixed asset	fund	3,767,015		2,260,895		6,027,910
General reserve		4 568 552	272 823	(2~260 895		2 580480
Total unrestricted	funds	67	~272 82
RESTRICTED FUNDS		Balances				Balances
		brought				carried
		forward	Income	Expenditure	Transfers	forward
2021
Awards		180		(180)
Early Years Training	Grant	2,229				2,229
School travel grant		1,369		(152)		1,217
Early Years Department		350		(350)
Department Equipment		985		(985)
Coronavirus
Homefield Association			1 235	~1235
Total restricted funds			~12 5	(~29 2)		~44
2020
Awards		180				180
Early Years Training	Grant	2,229				2,229
School travel grant		1,707		(338)		1,369
Early Years Department		350				350
Department Equipment		985				985
Coronavirus Homefield Association Total restricted funds		~451	4,761 1 806 ~7	(4,761) (1 806) (~

NET CASH INFLO	W FROM OP	ERATING A	CTIV	ITIES
					2021		2020
Net movement in	funds				348,825		272,485
Depreciation (Profit)/loss on disposal offixed Interest receivable		assets	370,093 ( 1,026) ( 6735)		362,332	362,666 2,416 (18624)	346,458
(Increase)/decrease Increase/(decrease)	in debtors in creditors		(	581) 55532		62,422 ~3D0 024
					54 851		(237 602)
Net cash inflow from operating		activities			766 108		381 341