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|---|---|---|---|
|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|
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||||||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|
##
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|||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|
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|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|
##
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|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|who received total employee benefits (excluding|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|
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|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|
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|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|
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|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|
##
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|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|
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|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|
##
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||||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)|
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||||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)|