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