2020-08-31-accounts - Red House School Limited

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Charity Reference and	Administrative		Details
Report ofthe Trustees	(including'	the	Strategic Report)	2-9
Report ofthe Independent Auditors				10-11
Statement ofFinancial	Activities			12
Balance Sheet				13
Cash Flow Statement				14
Notes to the Financial	Statements			15-27

					2020	2019
			Unrestricted	Restricted	Total	Total
		Notes	Fund	Funds	Fund	Fundf
Income from:
Donations and legacies			1,719		1,719	3,557
Charitable activities			3,461,262		3,461,262	3,688,580
Investment income			4,140		4,140	5,9 1 1
Other income			108,340		108,340	6,747
Total income			3,575,461		3,575,461	3,704,795
Expenditure on:
Charitable activities
Educational activities		6	3,523,233	564	3,523,797	3,605,793
Total expenditure			3,523,233	564	3,523,797	3,605,793
Net income/(expenditure)			52,228	(564)	51,664	99,002
Gains on disposal ofother investments						517,186
Net movement in funds		9	52,228	(564)	51,664	616,188
Reconciliation offunds:
Total funds brought	forward	20	3,259,840	8,415	3,268,255	2,652,067
Total funds carried	forward	20	3,3129068	7,851	3,319,919	3,268,255

		2020	2019
	Notes	g
Cash inflow from operating activities	22	97,571	430,689
Interest paid		(55,623)	(118,017)
Net cash flow from operating activities		41,948	312,672
Cash flow from investing activities
Payments to acquire tangible fixed assets		(173,559)	(337,548)
Proceeds from sale ofother investments		1,000,000	453,459
Investment income		4,140	5,911
Net cash flow from investing activities		830,581	121,822
Cash flow from flnancing activities
New loan finance		2,000,000
Capital repayment oflong-term loans and finance lease		(2,610,855)	(519,404)
Net cash flow from financing activities		(610,855)	(519,404)
Net increase in cash and cash equivalents		261&674	(84,910)
Cash and cash equivalents at I September		676,417	761,327
Cash and cash equivalents at 31August		938,091	676,417
Cash and cash equivalents consist of:
Cash at bank and in hand		938&091	676,4l7
Cash and cash equivalents at 31August		938,091	676,417

ANAL	YSIS OFEXPENDITURE ON	CHARITABLE ACT	IVITIES
		Educational	Support	Total	Total
		Activities	Costs	2020	2019
				8	f.
Teaching staff		2,092,784		2,092,784	2,022,333
Educational support costs		6471585		647,585	614,403
Support costs	(see note 7)		3759235	375,235	318,388
Catering costs		67,748		67,748	230,905
Uniform costs		43,869		43,869	52,736
Depreciation and loss on disposal ofassets		125,152		125,152	, 103,293
Interest payable		55,623		55,623	118,013
Bank charges		1,603		1,603	22,061
Co-curricular	activities	114,198		114,198	123,661
		3,148,562	375,235	3,523,797	3,605,793

Net movement	in funds is stated after charging:	in funds is stated after charging:
					2020f	2019 f
Depreciation	oftangible fixed assets - owned assets				123,662	103,293
Loss on disposal oftangible		fixed assets —owned assets			1,490
Operating lease rentals					20,040	28,142
10 AUDITOR'S REMUNERATION
					2Q2Q	2019
					f
Fees payable	to the charity's	auditor for the audit ofthe charity's	annual	accounts	I19300	11,100
Fees payable	to the charity's	auditor for other services			11,966	1l,8 l7
Fees payable	to the charity's	auditor in respect ofthe Teachers'	pension	plan	1,100	1,050

FTE)during the year	were as follow	s:
			2020	2019
Charitable activities			60	47
Governance			3	3
			63	50
he total staff costs and employees'		benefits was as follows:-
			2020	2019
				f
Wages &salaries			2',076,983	1,914,719
Social security costs			183,448	178,003
Defined contribution	pension costs		22,499	17,176
Defined benefit pension operating		costs	344,421	246,286
			2,6271351	2,356,184

e historic cos	t equivalent ofland and buildings included	at deemed cost are as follows. —
		2020	2019
		Land &	Land &
		Buildings K	Buildings I
Cost		2,716,796	2,685,175
Accumulated	depreciation	(700,041)	(652,774)
Net book value		2,016,755	2,032,401

						2020	2019
						g
	Uniforms					59,139	66,072
	Food					2,000	4,877
	Cleaning products					6,860
						67,999	70,949
All	stock held is		for charitable		activities.
16		DEBTORS
						2020	2019
							L
	Fees	debtors				59,822	12,568
	Other	debtors				81,495	1,070,863
	Prepayments		& accrued income			24,074	14,995
						165,391	1,098,426
17	CREDITORS:			AMOUNTS FALLING DUE WITHIN ONE YEAR
						2020	2019
						8
	Bank	loans &overdrafts				23,537	2,606,745
	Trade	creditors				43,560	122,497
	Other	tax & social security				130,030	45,976
	Other	creditors				60,424	52,413
	Fees in advance					455,936	534,061
	Confirmation		deposits received			6,800	7,000
	Accruals &deferred			income		88,228	80,544
	Finance leases					8,929	8,758
						817,444	3457994

otal future minimum finance lease payments are as follows;
	2020	2019
Not later than one year	10,385	10,930
Later than one and not later than five years	7,552	11,840
	17,937	22,770
Less finance charges	3,800	4,523
	'14,137	18,247

	2020	2019
		8
Not later than one year	31,521	23,902
Later than one and not later than five years	57,136	43,020
	88,657	66,922

											Outstanding
											Balances
											(Trade
							Income		Expenditure		creditors)	Commitments
Agne Limited a company ofwhich
Mr SCostigan is a			director
At 31 August		2020								8,842
At 31August		2019								5,900	498
The expenditure		off6,516(2019;E5,900)relates to marketing						costs aud f2,326(2019:fNil) relates to				stationery.
26 FINANCIAL			INSTRUMENTS
The carrying	amounts		ofthe charity's		financial	instruments	are	as follows:
											2020	2019
											g
Financial	liabilities
Measured	at	amortised cost
- Bank loans		(see notes 17and		18)							2,000,000	2,606,745
-Obligations		under	finance leases								14,137	18,247
											2,014,137	2,624,992
The expenses	attributable the charity's				financial	instruments	are summarised			as follows:
											2020	2019
												E
Expenses
Financial	liabilities		measured	at amortised		cost
Bank loan	interest										(53,356)	(116,626)