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||||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|
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|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|||||
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|||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.|
##
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|||||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|
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||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|
##
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|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|
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||||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|
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|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|
##
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|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|
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|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|
##
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|||2021|2020|
|---|---|---|---|
|||f|f|
|Cost||258,111|258,111|
|Accumulated|depreciation|33,703|32,541|
##
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|DEBTORS||||
|---|---|---|---|
|||2021|2020|
|Trade debtors||657,201|564,812|
|Prepayments|and accrued income|6,639|6,607|
|||663,840|571,419|
##
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|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|
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|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|
##
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||||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)|
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