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2021-08-31-accounts

Page
Reference and Administrative details
Trustees' Annualreport 2-8
Independent
Auditor's
report		 9 - 12
Statement offinancial
activities (incorporating		 the income
and expenditure
account)		 13
Balance Sheet 14gi15
Cash Flow Statement
Notes to the Cash Flow Statement 17
Notes to the financial statements 18-31

Registered charity name: charity name: F H 5Trust Limited F H 5Trust Limited
Charity registration number: 525489
Company registration number: 1080984(England and Wales)
Principal address: 36StJames Crescent
Swansea
SA1 6DR
Registered office: 36StJames Crescent
Swansea
SA1 6DR
Trustees
The trustees
who		 served the charity during the period were as
follows:-
Mr G M Astley
Mrs B H Hughes
Mr DA Rowe
MrP HPatel
Company Secretary: Mr G M Astley
Auditors: Gordon
Down and		 Partners
144Walter Road
Swansea
SA15RW
Principal Bankers: Barclays Bank Ltd
1-6Pocketts Wharf
Maritime Quarter
Swansea,
SA1 3XL
Solicitors: Smith Llewellyn Partnership
18Princess Way
City Centre
Swansea,
SA13LW

Unrestricted Total Total
Funds 2021 2020
Note
INCOMING
RESOURCES
Incoming
resources from charitable
activities:
School fees and associated income 2 1,626,936 1,626,936 1,568,493
Activities for generating
funds:
Investment
income		 3 27,000 27,000 27,000
TOTAL INCOMING
RESOURCES		 1,653,936 1,653,936 1,595,493
RESOURCES EXPENDED
Cost ofgenerating
funds:
Charitable
activities		 4 1,676,449 1,676,449 1,638,619
TOTAL RESOURCES EXPENDED 1,676,449 1,676,449 1,638,619
Net (losses) on investments 15
NET RESOURCES EXPENDED 6 (22,513) (22,513) (43,126)
Other recognized
gains/(losses)
Gains/(losses)
on revaluation
fixed assets 15 350,000
NET MOVEMENT
IN FUNDS		 (22,513) (22,513) 306,874
RECONCILIATION
OF FUNDS
Total funds brought forward 15 848,491 848,491 541,617
TOTAL FUNDS CARRIED FORWARD 825,978 825,978 848,491

31 AUGUST 2021
2021 2020
Note E
FIXEDASSETS:
Investment
property		 9 525,000 525,000
Tangible assets 10 1,159,265 1,167,833
1,684,265 1,692,833
CURRENT ASSETS:
Debtors 663,840 571,419
Cash at bank 62 62
663,902 571,481
CREDITORS: Amounts falling due within
one year 12 1,487,891 1,400,073
NET CURRENT (LIABILITIES) (823,989) (828,592)
TOTAL ASSETS LESSCURRENT LIABILITIES 860,276 864,241
CREDITORS: Amounts falling due after
more than one year 13 (34,298) (15,750)
825,978 848,491
THE FUNDS OF THE CHARITY:
Restricted Income funds 15
Revaluation
Reserve		 15 879,809 894,592
Fair Value Reserve 15 335,000 335,000
Unrestricted
Income		 funds 15 (388,831) (381,101)
TOTALFUNDS 825,978 848,491.

2021 2020
Notes
Cash flows from operating activities:
Cash generated
from operations		 58,830 85,737
Net cash (used in) operating activities 58,830 85,737
Cash flows from investing activities:
Purchase oftangible
fixed		 assets (49,979) (54,543)
Net cash (used in) Investing activities 8,851 31,194
Change
in cash and cash equivalents		 in the
reporting
period		 8,851 31,194
Cash and cash equivalents at the beginning
ofthe reporting
period		 (531,747) (562,941)
Cash and cash equivalents at the end ofthe
reporting
period		 (522,896) (531,747)

2021 2020
Notes E
Net (expenditure) for the
reporting
period		 (as per the statement
offinancial activities) (22,513) (43,126)
Adjustment
for:
Depreciation
charges		 58,546 42,458
(Increase)/decrease in debtors (92,421) (57,580)
Increase/(decrease) in creditors 115,218 143,985
Net cash (used in) operating activities 58,830 85,737

Unrestricted Restricted Total Total
Funds Funds 2021 2020
E 6 E
School fees 1,188,054 1,188,054 1,211,998
Learning support 72,254 72,254 58,960
Lunch income 54,975 54,975 50,675
Transport 10,212 10,212 13,348
Exam fees 13,636 13,636 19,100
Trips 200 200 9,942
Music and elocution 36,010 36,010 44,518
Duke of Edinburgh 282
Other income 9,666 9,666 ' 12,523
Year Book adverts 150
Prom 1,985
Grants 241,930 241,930 145,012
1,626,937 1,626,937 1,568,493

INVES T MENT INCOME
Unrestricted Restricted Total Total
Funds Funds 2021 2020
Renta I Income 27,000 27,000 27,000

Unrestdcted Restricted Total Tota I
Funds Funds Funds Funds
2021 2020
f E
Direct costs of education:
Cost of lunches 24,970 24,970 33,038
Transport 18,883 18,883 16,812
Trips 642 642 29,177
Exam fees 12,631 12,631 18,431
Duke ofEdinburgh 726
Prom night 1,650
Sports costs 6,059 6,059 4,834
Science equipment and books 16,776 16,776 6,282
Photocopying 5,584 5,584 5,942
Sports transport 820 820 3,342
Year Book
Bad Debts 12,511 12,511
98,876 98,876 120,234
Staffcosts:
Staff salaries 1,074p472 1,074,472 1,025,025
Socialsecurity costs 97,836 97,836 95,200
Staff pension costs 167,359 167,359 162,897
Staff training 949 949 1,255
Peripatetic staff 28,806 28,806 33,988
Travel
1,369,422 1,369,422 1,318,865

Unrestricted Restricted Total Total
Funds Funds Funds Funds
2021 2020
Support Costs:
Advancement ofeducation
Post and stationery 2,662 2,662 3,357
Computer costs 5,782 5,782 5,154
Advertising 14,805 14,805 10,046
Subscriptions 13,935 13,935 6,182
Bank charges and interest 24,948 24,948 27,287
Depreciation 43,546 43,546 27,458
Sundry expenses 3,172 3,172 14,321
Legaland
professional		 11,880 11,880 4,608
120,730 120,730 98,413
Premises costs
Rates 5,416 5,416 7,926
Insurance 24,358 24,358 24,238
Light and heat 13,390 13,390 16,757
Repairs 11,883 11,883 23,005
Cleaning 5,351 5,351 4,714
Trade waste 3,623 3,623 3,467
Depreciation 15,000 15,000 15,000
79,021 79,021 95,107
Governance
costs		 8,400 8,400 6,000
Total support costs 208,151 208,151 199,520
Total cost ofcharitable activities 1,676,449 1,676,449 1,638,619
GOVERNANCE
COSTS
Total Funds Total Funds
2021 2020
E E
Auditors
remuneration		 4,800 6,000
Other professional fees 3,600 4,608
8,400 10,608
NET OUTGOING RESOURCES FOR THE YEAR
This is stated after charging:-
2021 2020
E f
Depreciation 58,646 42,458
Auditors
remuneration:
-audit ofthe financial statements 4,800 6,000

STAFF COSTS
2021 2020
E E
Wages and salaries 1,104,227 1,060,268
Social security costs 97,836 95,200
Pension costs 167,359 162,897
1,369,422 1,318,365
Aggregate
employee		 benefits ofkey management personnel 64,264 62,597
On which Employer's National insurance contributions were 7,653 7,439

7. STAFF COSTS(continued)
The average number ofemployees, analysed by function was:-
2021 2020
Charitable
activities		 50 38
Management
and administration		 of the charity 3 4
53 42
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
Funds Funds Funds
Incoming resources
Activities for generating funds:
Incoming resources from charitable activities:-
School fees and associated income 1,568,493 1,568,493
Investment
income		 27,000 27,000
Total incoming resources 1,595,493 1,595,493
.Resources expended
Cost ofgenerating
funds:-
Charitable
activities		 1,632,619 1,632,619
Governance
costs		 6,000 6,000
Total resources expended 1,638,619 1,638,619
Net (losses) on investments (=)
Net resources expended (43,126) (43,126)
Gains/(losses)
on revaluation
fixed assets 350,000 350,000
Net movement
in funds		 306,874 306,874
Reconciliation offunds
Total funds brought
forward		 541,617 541,617
Total funds carried forward 848,491 848,491

TANGIBLE FIXEDASSETS
Freehold Computer Fixtures &
property equipment Fittmgs Total
f f
COST/VALUATION
At 1September 2020 1,150,000 52,352 71,851 1,274,203
Additions 13,070 36,909 49,979
Revaluation
At 31August 2021 1,150,000 65,422 108,760 1,324,182
DEPRECIATION
At 1September 2020 45,000 19,600 41,771 106,371
Charge for year 15,000 16,356 27,190 58,546
Revaluation
At 31August 2021 60,000 35,956 68,961 164,917
NET BOOK VALUE
At 31August 2021 1,090,000 29,466 39,799 1,159,265
At 31August 2020 1,105,000 32,752 30,080 1,167,832

2021 2020
f f
Cost 258,111 258,111
Accumulated depreciation 33,703 32,541

DEBTORS
2021 2020
Trade debtors 657,201 564,812
Prepayments and accrued income 6,639 6,607
663,840 571,419

CREDITORS: Amounts falling due within one year
2021 2020
Bank loans and overdrafts 522,957 531,809
Trade creditors 11,323 22,344
Accruals and deferred income 641,357 676,758
Tax and social security 312,254 169,162
1,487,891 1,400,073
Deferred income Fee Rental
Income Income
As at 31August 2020 422,809 42,750
Additions
during the year		 206,013
Released during the year (27,000)
As at 31August 2021 628,822 15,750
Due to be released
in		 less than one year 628,822 15,750
Due to be released after more than one year

2021 2020
E E
Accruals and deferred income 34,298 15,750

Unrestricted funds
General Revaluation Fair
Reserves Reserve value reserve Total
Balance brought forward (381,101) 894,592 335,000 848,491
(Deficit) for the year (22,513) (22,513)
Transfer 14,783 (14,783)
Revaluation adjustment
Balance carried forward (388,831) 879,809 335,000 825,978

Incoming Outgoing Deficit for
Resources Resources this year
General fund 1,653,936 (1,676,449) (22,513)
Revaluation reserve
1,653,936 (1,676,449) (22,513)
Compa ratives for movement in funds:-
General Revaluation Fair Value
Reserves Reserve Reserve Total
f f f f
Balance brought forward as
as restated (382,316) 738,933 185,000 541,617
Deficit forthe year (43,126) (43,126)
Transfer between reserves
Revaluation
Balance carried forward (425,442) 738,933 185,000 498,491
Incoming Outgoing Deficit for
Resources Resources this year
General fund 1,595,493 (1,638,619) (43,126)
Revaluation reserve
1,595,493 (1,638,619) (43,126)