2021-08-31-accounts - Red House School Limited

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			Page
Charity Reference and Ad 'nistrative		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

					2021	2020
			Unrestricted	Restricted	Total	Total
		Notes	Fund f.	Fuads	Fundf	Fund
Income I'rom:
Donations and legacies		2	22437		22437	1,719
Charitable activities		3	3,715429		3,715429	3,461462
Investment income		4	202		202	4,140
Other income		5	32,670		32,670	108,340
Total income			3,770,438		3,770,438	3,575,461
Expenditure on:
Charitable activities
Educational activities		6	3,629,521	617	3,630,138	3,523,797
Total expenditure			3,629/21	617	3,630,138	3,523,797
Net income I(expenditure)			140,917	(617)	140400	51,664
Net movement in funds		9	140S17	(617)	140400	51,664
Reconciliation offunds:
Total funds brought	forward	20	3412,068	7,851	3419,919	3468,255
Total funds carried	forward	20	3,452S85	7434	3,460419	3,319,919

		Re	d House Sch	ool Limited
			Balance	Sheet
			~AI 33A	2321
					2021	2020
			Notes		f,
Fixed Assets
Tangible assets			14		5,139479	5,009,953
					5,139479	5,009,953
Current assets
Stocks			15		71,807	67,999
Debtors			16		151,624	165,391
Cash at bank	and in hand				952,865	938,091
					1,176496	1,171,481
Creditorsi
Amounts fallmg due withh one		year	17		(905,871)	(817,444)
Net current	assetslgiabiTities)				270,425	354,037
Total assets	less current liabiTities				5,409,804	5,363,990
CREDITORS
Amounts falling due after more		than one year	18		(1,949485)	(2,044,071)
Net assets					3,460419	3,319,919
Charity funds
Restricted funds			20		7/34	7,851
Unrestricted	funds		20		1,117,442	976,525
Unrestricted	funds - revaluation	reserve	20		2435,543	2,335,543
Total charity funds					3,460819	3,319,919

		2021	2020
	Notes
Cash inflow from operating activities	22	294,895	97,571
Interest paid		(54,084)	(55,623)
Net cash flow from operating activitim		240,811	41,948
Cash flow from investing activities
Payments to acquire tangible fixed assets		(195g30)	(173,559)
Proceeds from sale oftangible fixed assets		300
Proceeds fiom sale ofother investments			1,000,000
Investment income		202	4,140
Net cash flow from investing activities		(195,428)	830,581
Cash flow from financing activities
New loan finance			2,000,000
Capital repayment oflong-term loans and finance lease		(30,609)	(2,610,855)
Net cash flow from flnancing activitim		(30,609)	(610,855)
Net increase in cash and cash equivalents		14,774	261,674
Cash and cash equivalents at ISeptember		938,091	676,417
Cash and cash equivalents at 31August		952&865	938,091
Cash and cash equivalents consist of:
Cash at bank and in hand		952,865	938,091
Cash and cash equivalents at 31August		952,865	938,091

3	INCOME	FROM CHA	RITABLE A	CTIVITIES
					2021	2020
	School fees				3,434rt49	3,101,447
	Registration	fees			2,425	1,575
	School uniform sales				54,092	60,196
	Catering k other income				171g55	183,846
	Co-curricular	activities			51,908	114,198
					3,715429	3,461462
The	above income is attributable		to unrestricted	funds.
4	INCOME	FROM INVESTMENTS
					2021	2020
	Interest —deposits				202	4,140

							2021f	2020
Government		grants	receivable	-	Coronavirus	Job	32,670	108,340
Retention	Scheme
							32,670	108,340

ANALYSIS OFEXPENDITURE ON	CHARITABLE ACT	IVITIES
	Educational	Support	Total	Total
	Activities	Costs	2021	2020
Teaching staff	2&173407		2&173407	2,092,784
Educational support costs Support costs (see note 7) Catering costs	684415 79,420	410,857	684415 410,857 79,420	647,585 375735 67,748
Uniform costs	44,700		44,700	43,869
Depreciation and loss on disposal ofassets	128 &t53		128,953	125,152
Interest payable Bank charges	54,084 2,594		54,084 2494	55,623 1,603
Co-curricular activities	51&108		51,908	114,198
	3/19/81	410,857	3,630,138	3,523,797

Support cost			Basis ofallocation	2021	2020 5
Governance (see note Senior management	8)		Allocated on time basis	159,036 114,699	145,595 109,133
Admin staff costs			Allocated on time basis	137,122	120,507
Total				410,857	375,235
8 GOVERNANCE		COSTS
			Basis ofallocation	2021f	2020
Senior management			Allocated on time basis	12,744	12,126
Admin staff costs			Allocated on time basis	99404	93,981
Auditor's remuneration Legal I?professional	(see note 10) fees		Governance Governance	11,500 35/88	11,300 28,188
				159,036	145,595

et movement in funds is state	d afier charging:
				2021	2020
				8
Depreciation oftangible fixed assets - owned assets				123,888	118,298
Depreciation oftangible fixed assets —leased assets				5464	5364
(Profit)/ loss on disposal oftangible fixed assets —owned assets				(299)	1,490
Operating lease rentals				32,691	20,040
0 AUDITOR'S REMUNERATION
				2021	2020
Fees payable to the charity's	auditor forthe audit ofthe charity's	annual	accounts	11,500	11,300
Fees payable to the charity's	auditor for other services			15J65	11,966
Fees payable tothe charity's	auditor in respect ofthe Teachers'	pension	plan	1,100	1,100

FTE)during the year	were as follow	s;
			2021	2020
Charitable activities			59	60
Governance			3	3
			62	63
he total staff costs and employees'		benefits was as follows:-
			2021	2020
			8
Wages db salaries			2,166,765	2,076,983
Social security costs			198459	183,448
Defined contribution	pension costs		23,718	22,499
Defined benefit pension operating		costs	337,825	344,421
			2,726,666	2,627,351

The number ofemployees	employer pension costs)ofmore than 860000	employer pension costs)ofmore than 860000
is as follows:
	2021	2020
	Number	Number
890,001 - 8100,000		1
6100,001 - f,110,000		1

13 INTEREST PAYABL	E AND	SIMILA	R CHAR	GE	S
							2021	2020
							f
Bank loans and overdraiis							51,998	53,356
Finance lease							2,086	2467
							54,084	55,623
14 TANGIBLE FIXEDASSETS
	Freehold		Property			Fixtures
	property		Improvements f			and Gttings	Motor vehicles f	Total f.
Cost or deemed cost:
At I September 2020	4,611,077			557,860		298,235	7,000	5,474,172
Additions				184,114		74,565		258,679
Di epos ala							(7,000)	(7,000)
At 31August 2021	4,611,077			741,974		3723(00		5,725,851
Depreciation:
At 1 September 2020	258,779			53416		145/25	6,999	464419
Charge for year Elimination on disposals		41,223		37232		50,797	(6,999)	129452 (6~)
At 31August 2021	300,002			90,448		196,022		586,472
Net book value:
At 31August 2021	4411,075			651+26		176,778		5,139479
At 31August 2020	4452498			504,644		153,010		5,009,953
Included in the deemed costofland and		buildings	is treehold		land ofI2,549,935(2020:I2,549,935).
Tangible fixed assets held at deemed cost
The historic cost equivalent ofland and		buildings	included	at	deemed cost are as follows:-
							2021	2020
							Land &	Land &
							Buildings f	Buildings
Cost							2,716,796	2,716,796
Accumulated depreciation							(741/64)	(700,041)
Net book value							1,975432	2,016,755

15		STOCK	S
					2021	2020
					8	f,
	Uniforms				65,727	59,139
	Food				3,629	2,000
	Cleaning products				2,451	6,860
					71&807	67,999
All	stock held is		for charitable	activities.
16		DEBTORS
					2021	2020
	Fees	debtors			29,049	59,822
	Other	debtors			104,944	81,495
	Prepayments		&accrued income		17,631	24,074
					151,624	165,391
17		CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

DEBTORS
	2021	2020
Fees debtors	29,049	59,822
Other debtors	104,944	81,495
Prepayments &accrued income	17,631	24,074
	151,624	165,391
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2021	2020
Bank loans &overdraits	90,104	23,537
Trade creditors	141,697	43,560
Other tax &.social security	53,192	130,030
Other creditors	41/45	60,424
Fees in advance	509,850	455,936
Confirmation deposits received	8,6OO	6,800
Accruals &,deferred income	55444	88328
Finance leases	5,839	8,929
	905,871	817,444

CREDIT	ORS: AMOUNTS FALLING DUE AFI	ERMORE THAN ONE YEAR
		2021	2020
		K
Bank loans tk	overdrafis	1,887,585	1,976,463
Confirmation	deposits received	62,000	62,400
Finance leases			5,208
		1,949,585	2,044,071

Total fu	ture minimum	finance lease payments are as follows:
			2021	2020
			f	f,
Not later than one		year	7453	10,385
Later	than one and	not later than five years		7,552
			7/53	17,937
Less	finance charges		1&714	3,800
			5,839	14,137
(b)	Operating	leases —lessee

	2021f	2020
Not later than one year	31421	31,521
Later than one and not later than five years	46,717	57,136
	78438	88,657

OPERATING	ACTIVITIES
		2021	2020
Net income for year Investment income		140400 (202)	51,664 (4,140)
Interest payable Depreciation and loss on disposal offixed assets Decrease/(increase) in stock (increase)/decrease in debtors (Decrease)/increase in creditors		54,084 128,953 (3,808) 13,767 (38,199)	55,623 125,152 2,950 (66,965) (66,713)
Net cash flow &om	operating activities	294,895	97,571

			Balance at 1	Cash flow	Balance at 31
			September 2020		August 2021
			f,
Cash Cash	and cash equivalents at bank and in hand		938,091	14,774	952,865
Debt
Debts Debts	falling due within falling due after I	1year year	(32,466) (1,981,671)	(63,477) 94,086	(95it43) (1,887485)
			(2,014,137)	30,609	(1,970/30)
			(1,076,046)	45,383	(1,017,665)

			Outstanding
			Balances
			(Trade
	Income	Expenditure	creditors)	Commitments
				f.
Ague Limited a company ofwhich
Mr SCostigan is a director
At 31August 2021		8,052	245
At 31August 2020		8,842

								2021f	2020
Financial liabilities
Measured at	amortised	cost
-Bank loans	(see notes	17and	18)					1,977,689	2,000,000
-Obligations	under finance leases							5,839	14,137
								1,983428	2,014,137
e expenses attributable		the charity's		financial	instruments	are summarised	as follows:
								2021	2020
Expenses
Financial liabiTities measured			at	amortised	cost
Bank loan interest								(51~8)	(53356)
Finance lease								(2,086)	(2,267)