2022-08-31-accounts

Contents		Page
Report ofthe Governors		1-8
Report of the Auditor		9-'11
Statement of Financial	Activities	12
Balance Sheet		13
Cash Flow Statement		14
Notes to the Financial Statements		15-23

				2022				2021
			Unrestricted	Restricted		Unrestricted	Restricted
			Funds	Funds	Total	Funds		Funds		)otal
		Note
Income from:
Donations			1,552		1,552	4,359		1,235		5,594
Other trading activities
School shop			299		299	206				206
Investments			172		172	6,735				6,735
Charitable activities
Fees receivable			4,481,277		4,481,277	3,801,530			3,801,530
Extras chargeable			172,556		172,556	226,041				226,041
Other income
Insurance claim						100,000				100,000
Sundry income			9,538		9,538	4,162				4,162
CJRS grant						33,730				33730
Total income			4665394		4 665 394	4 176763		1 235	4	177998
Expenditure on:
Raising funds
Cost ofgoods sold			195		195
Charitable activities
School operating	costs		4 150 165		4150 165	3826 271		2 902	3	829 173
Total expenditure		2	4 150360		4 150360	3 826 271		2 902	3	829 173
Net income/(expenditure)		3	515,034		515,034	350,492	(	1,667)		348,825
Transfers between	funds	13,14
Net movement in funds			515,034		515,034	350,492	(	1,667)		348,825
Reconciliation offunds
At 1"September 2021			8958 882	3446	8 962 328	8 608 390		5 113	8	613503
Balance carried forward
At31"August 2022			9473916	3446	9477362	8958882		3446	8952328

						2022		2021
				Note
Fixed assets
Tangible assets						10,168,762		8,883,743
Investments						2			2
						10,168,764		8,883,745
Current assets
Stocks					1,781		1,781
Debtors and prepayments					74,586		111,875
Cash at bank and	in	hand			2868061		908866
Creditors: Amounts		falling	due		2,944,428		1,022,522
within one year				10	(1 287831)		( 943939)
Net current assets						1 656 597			78583
Total assets less	current		liabilities			11,825,361		8,962,328
Creditors: Amounts		falling	due after
more than one year						(2 347999)
Net assets						9477 362		~89	2328
Unrestricted funds Restricted funds				13 14		9,473,916 3446		8,958,882 3446
Total Charity funds						9477 362		8962 328

								2022	2022	2022	2021
						Note
Net cash inflow from operating					activities	20				971,754		766,108
Returns on investments		and
servicing offinance
Interest received							172				6,735
Interest payable						(	10338)		(	10,166)		6,735
Capital expenditure
Payments to acquire	tangible		fixed assets				(1,519,993)				(3,028,489)
Receipts from sales	oftangible			fixed assets			17600				1 280
									(1,502,393)		(3,027,209)
Financing activities
Proceeds of new bank loans							2,939,000
Repayment of bank	loans						( 439000)
										2 500 000
Increase/(decrease)	in cash									1 959 195	(2	254 366)
RECONCILIATION	OF NET CASH FLOW					TO IV1OVEMENT		IN	NET FUNDS
										2022		2021
(Decrease)/increase	in cash in			the year						1 959 195	(2	254 366)
Movement in net funds										1,959,195	(2,254,366)
Net funds brought forward										908 866	3	163232
Net funds carried forward										2 868 061		908866
ANALYSIS OF CHANGES		IN		NET FUNDS
					Brought forward				Gashflows		Carried	forward
Cash at bank						908,866				1,959,195	2,868,061
Bank loans									{2500 000)		(2	500000)
						8089M				(MM4895)		36(L051

3	NET INCOME					2022	2021
	This is stated after charging:
	Auditors' remuneration	—statutory	audit			5,940	5,580
		—termly and annual		accounts		4,663	5,011
		—payroll services				7,791	7,834
	Depreciation					328274	370093
4	STAFF COSTS					2022	2021
	Staff costs during the year amounted		to:
	Wages and salaries					2,061,280	2,094,177
	Social security costs					220,917	212,073
	Pension costs (see Note	18)				356631	374366
						263882$	2649515
	The average number ofemployees		during the	year was	as follows:	2022	2021
						No	No
	Teaching					44	44
	Estates					7	8
	Administration					9	9
						~6	61
	The number ofemployees	whose emoluments		amounted	to over f60,000 in the year were		as follows:
						2022	2021
						No	No
	f60,001 - f70,000					2	2
	f80,001 - F90,000						1
	2120,00'I - 2130,000
	8130,001 - f140,000

INVESTMENTS
Unlisted investment	at cost
Homefield School Enterprises		Ltd
Total Investments

	Homefield School Enterprises Limited is a wholly owned subsidiary	Homefield School Enterprises Limited is a wholly owned subsidiary	Homefield School Enterprises Limited is a wholly owned subsidiary	Homefield School Enterprises Limited is a wholly owned subsidiary	Homefield School Enterprises Limited is a wholly owned subsidiary	ofHomefield Preparatory	ofHomefield Preparatory	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 2022.
9	DEBTORS							2022	2021
	Fees debtors							18,551	35,372
	Other debtors							2,939	4,162
	Prepayments							53096	72 341
								74 586	~111 7
10	CREDITORS:	Amounts	falling due within one year					2022	2021
	Bank loans							137,001
	Fees received	in advance						591,730	464,491
	Taxes and social security			costs				53,565	51,338
	Accruals							148,619	231,832
	Other creditors							356916	196278
								~1287 31	~943 9 9
11	CREDITORS:	Amounts	falling after more than one year					2022	2021
	Bank loans							2 347999
	Amounts repayable by		instalments		after five years			~1321 0"3
	Loan details are disclosed			in note	7.

The charitable company's total future minimum lease payments were payable as set out below:	under operating leases at 31	August 2022
	2022	2021
Within one year	19,680	24,992
Within two to five years	32802	52 483
	52482	77475
The operating lease charges for the year were:
	2022	2021
Hire of plant and machinery	~21 55	21 $55
		Page 19

FO	R THE YEAR ENDED 31 AUG	R THE YEAR ENDED 31 AUG	UST 2022 (con	tinued)
13	UNRESTRICTED FUNDS		Balances	Income				Balances
			brought	less		Gains and		carried
			forward	expenditure	Transfers	losses		forward
	2022
	Designated funds:
	Tangible fixed asset	fund	8,883,743		1,285,019		10,168,762
	General reserve Total unrestricted	funds	75 139 8 958882	515034 515034	(1 285019)		(	694846) 9473 916
	2021
	Designated funds:
	Tangible fixed asset	fund	6,027,910		2,855,833			8,883,743
	General reserve		2580480	350492	(2 855 833)			75 139
	Total unrestricted	funds	8608390	350492				8958 882
	RESTRICTED FUNDS		Balances					Balances
			brought					carried
			forward	Income	Expenditure	Transfers		forward
	2022
	Early Years Training	Grant	2,229					2,229
	School travel grani		1 217					1 217
	Total restricted funds		3446					3446
	2021
	Awards		180		(180)
	Early Years Training	Grant	2,229					2,229
	School travel grant		1,369		(152)			1,2I7
	Early Years Department		350		(350)
	Department Equipment		985		(985)
	Homefield Association			1 235	(1 235)
	Total restricted funds		5 'i13	1 235	(2902)			3446

ANALY	SIS	OF NET ASSETS BYFUN	D
			Unrestricted	Restricted	Total
			funds	funds	funds
2022
Tangible	fixed assets		10,168,762		10,168,762
Investments			2		2
Net current		assets	1,653,151	3,446	1,656,597
Non-current.		liabilities	(2 347 999)		(2347 999)
			9473916	3446	9477 362
2021
Tangible	fixed assets		8,883,743		8,883,743
Investments			2		2
Net current		assets	75 137	3446	78 583
			8958882	3446	8962 32M
					Page 20

NET CASH INFLOW	FROM OPERATING	FROM OPERATING	ACTIVITIES	ACTIVITIES
					2022			2021
Net movement in funds					515,034			348,825
Depreciation			328,274			370,093
Finance costs			(	15,000)
(Profit)/loss on disposal offixed Interest receivable Interest payable		assets	( (	6,967) 172) 10338		( (	1,026) 6,735)
					316,473			362,332
Decrease/(increase) Increase in creditors	in debtors		37,289 102958			(	581) 55 532
					140247			54 951
Net cash inflow from operating		activities			971 754			766 108