2022-08-31-accounts - Red House School Limited

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			Page
Charity Reference and Administrative		Details
Report ofthe Trustees (including	the	Strategic Report)	2 —10
Report ofthe Independent Auditors			ll —13
Statement ofFinancial Activities			14
Balance Sheet
Cash Flow Statement			16
Notes to the Financial Statements			17-29

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					2022	2021
			1)arestricted	Restricted	Total	Total
		Notes	Fund f	Fundsf	Fundf	Fttnd
Income from:
Donations and legacies		2				22,237
Charitable activities		3	4,034,558		4,034,558	3,715,329
Investment income		4				202
Other income		5	3,500		3,500	32,670
Total income			4,038,058		4,038,058	3,770,438
Expenditure on:
Charitable activities
Educational activities		6	3,856,007	4356	3,860,363	3,630,138
Total expenditure			32)56,007	4456	3,860463	3,630,138
Net income I(expenditure)			182,051	(4456)	177,695	140400
Net movement in funds		9	182,051	(4,356)	177,695	140,300
Reconciliation offunds:
Total funds brought	forward	20	3,452,985	7334	3,460,219	3,319,919
Total funds carried	forward	20	3,635,036	2478	3,637g14	3,460419

		Re	d House Sch	ool Limited
			Balance	Sheet
			A~231 A	t 2322
					2022	2021
			Notes
Fixed Assets
Tangible assets			14		5,158780	5,139,379
					52158480	5,139479
Current assets
Stocks			15		72,654	71,807
Debtors			16		159,080	151,624
Cash at bank	and in hand				1,034,350	952,865
					1466,084	1,176496
Creditors:
Amounts falling due withm one		year	17		(927,755)	(905,871)
Net current	assetsl(iiabiTitics)				338429	270,425
Total assets	less current liabilities				5,496,609	5,409,804
CREDITORS
Amounts falling due after more		than one year	18		(1,858,695)	(1,949,585)
Net assets					3,637,914	3,460419
Charity funds
Restricted funds			20		2,878	7434
Unrestricted	funds		20		1,299,493	1,117,442
Unrestricted	fimds - revaluation	reserve	20		2,335,543	2,335,543
Total charity funds					31637,914	3,460419

		Notes	2022 f	2021f
Cash inflow from operating activities		22	352402	294,895
Interest paid			(53,443)	(54,084)
Net cash flow froin operating	activities		298,759	240,811
Cash flow from investing activities
Payments to acquire tangible fixed assets Proceeds fiom sale oftangible fixed assets			(121,899)	(195,930) 300
Investment income				202
Net cash flow from investing	activities		(121,899)	(195,428)
Cash flow from financing activities
Capital repayment oflong-term	loans and finance lease		(95475)	(30,609)
Net cash flow from financing	activities		(95475)	(30,609)
Net increase in cash and cash	equivalents		81,485	14,774
Cash and cash equivalents at	1September		952,865	938,091
Cash and cash equivalents at	31August		1,034450	952,865
Cash and cash equivalents coasist of:
Cash at bank and in hand			1,034450	952,865
Cash and cash equivalents at	31August		1,034850	952,865

ofeach a	sset on asystematic basis over	its expected useful life as follows:-
Freehold	- buildings	2v/v on cost
Freehold	- artificial sports pitch	8.33'/o on cost
Property	improvements	6.67 /o on cost
Fixtures	and fittings	25'/v on cost and 15aoon cost
Motor vehicles		25v/v on cost

	2022	2021
	f.	f
Giffs		22,237

Income ffom donations and legacies was INil	Income ffom donations and legacies was INil	Income ffom donations and legacies was INil	(2021:f22237)ofwhich fNil (2021:f22237) was attributable	(2021:f22237)ofwhich fNil (2021:f22237) was attributable	to
unrestricted funds.
3	INCONIE FROM CHARITABLE ACTIVITIES
			2022		2021
	School fees		3,570,071	3,434,949
	Registration fees		2,275		?„425
	School uniform sales		67,763		54,092
	Catering &other income		267,763	171,955
	Co-curricular activities		126,686		51,908
			4,034458	3,715429
The above income is attributable		to unrestricted	funds.
4	INCOME FROiM INVESTMENTS
			2022f		2021 f
	Interest —deposits				202

2022	2021
	f
3,500	32,670
3~	32,670

ANALYSIS OF EXPENDITURE ON	CHARITABLE	~S
	Educatioaal	Support	Total	Total
	Activitiesf	Costs f	2022f	2021
Teaching staff	2,186,868		2,186,868	2,173,307
Educational support costs	787,594		787,594	684,315
Support costs (see note 7)		407,381	407,381	410,857
Catering costs	93,917		93,917	79,420
Uniform costs	47,049		47,049	44,700
Depreciation and loss on disposal ofassets	154,249		154,249	128,953
Interest payable	53,443		53,443	54,084
Bank charges	1,925		1,925	2,594
Co-curricular activities	127,937		127,937	51,908
	3,452882	407481	32160463	3,630,138

	Support cost	Support cost			Basis ofallocatioa	2022	2021
						f	f
	Governance (see note		8)			173,324	159,036
	Senior	management			Allocated on time basis	83,934	114,699
	Admin	staff costs			Allocated on time basis	150,123	137,122
	Total					407381	410,857
8		GOVERNANCE		COSTS
					Basi~ofallocation	2022	2021
						f	f.
	Senior	management			Allocated on time basis	9,326	12,744
	Admin	staff costs			Allocated on time basis	113,511	99,504
	Auditor's remuneration			(see note 10)	Governance	11,500	11,500
	Legal	fk pmfessional	fees		Governance	38,987	35388
						173424	159,036

et movement in funds is sta	ted afier	chmging:
					2022f	2021 f
Depreciation oftangible fixed assets		—owned assets			150,673	123,888
Depreciation oftangible fixed assets		—leased assets			3,576	5,364
(Profn)/ loss on disposal of	tangible	fixed assets —owned assets			0	(299)
Operating lease rentals					31,994	32,691
0 AUDITOR'S REMUNERATION
					2022	2021
					f	f.
Fees payable to the charity's	auditor	for the audit ofthe charity's	annual	accounts	11,500	11,500
Fees payable to the charity's	auditor	for other services			7,380	15,965
Fees payable to the charity's	auditor	in respect ofthe Teachers'	pension	plan	1,100	1,100

FTE)during the year	were as follow	s;
				2022	2021
Charitable activities				57	59
Governance				3	3
				60	62
he total staff costs and employees'		benefits was as follows:-
				2022f	2021
Wages &salaries				2,215,285	2,166,765
Social security costs				207,887	198,359
Defined contribution	pension costs			27,141	23,718
Defined benefit pension operating		costs		342,061	337,825
				2,792,374	2,726,667
he number ofemployees who received total employee benefits (excluding			employer	pension costs) ofmore than 660,
as follows:
				2022	2021
				Number	Number
f70,001 - 880,000				I
6100,001 - 6110,000					I

13 INTEREST PAYABLE AND SIM	ILAR CHARGES
			2022f	2021 f
Bank loans and overdrafis			51,762	51,998
Finance lease			1,681	2,086
			53,443	54,084
14 TANGIBLE FIXEDASSETS
	Freehold	Property	Fixtures
	property f	Improvements f	and fittings f.	Total f
Cost or deemed cost:
At I September 2021	4,611,077	741,974	372,800	5,725,851
Additions		147,252	25,898	173,150
Disposals
At 31August 2022	4,611,077	889,626	398,698	5,899,001
Depreciation:
At I September 2021	300,002	90,448	196,022	586,472
Charge for year	41,685	49,968	62,596	154449
Elimination on disposals
At 31August 2022	341,687	140,416	258,618	740,721
Nct book value:
At 31August 2022	4,269390	748,810	140,080	5,158480
At 31August 2021	4411,075	651,526	176,778	5,139379

				2022	2021
				Land tk	Land tk
				Buildings	Buildings
					f.
Cost				2,716,796	2,716,796
Accumulated	depreciation			(782,949)	(741,264)
Net book value				1433,847	Irr75432
Freehold land and buildings		almve were recognised	using previous valuations	asdeemed cost on transition	to SORP (FRS
102).

Det 15	ails re	garding tangible fixed STOCKS	assets pledged as security for liabilities ofthe charity	are shown in notes	17, 18and
				2022f	2021 f
	Uniforms			66,413	65,727
	Food			3,350	3,629
	Cleaning products			2,891	2,451
				72,654	71,807
All	stock held is for charitable		activities.
16		DEBTORS
				2022f	2021 8
	Fees	debtors		49,345	29,049
	Other	debtors		89,630	104,944
	Prepayments R accrued income			20,105	17,631
				159,080	151,624
17		CREDITORS: AMOUNTS FALLEN DUE WITHIN ONE YEAR
				2022	2021
					8
	Bank	loans tk overdrafis		92,658	90,104
	Trade	creditors		120,384	141,697
	Other	tax tk social security		66,503	53,192
	Other	creditors		42,685	41,345
	Fees	in advance		579,120	509,850
	Confirmation deposits received			5,600	8,600
	Accruals 6t deferred income			20,805	55,244
	Finance leases				5,839
				927,755	905WI

CREDIT	ORSi AMOUNTS FALLING DUE AFT	ER MORE THAN ONE YEAR
		2022	2021
Bank loans k	overdrags	f 1,795,495	1,887,585
Confirmation	deposits received	63,200	62,000
		12)58,695	IP49485

Total fu	ture minimum	finance lease payments are as follows:
			2022	2021
Not later than one		yau		7,553
Later	than one and	not later than five years
Less	finance charges			1,714
				52)39
(b)	Operating	leases —lessee

	2022	2021
	f
Not later than one year	31,522	31,521
Later than one and not later than five years	18,670	46,717
	50,192	78238

OPERATING	A~	S
				2022	2021
				f
Net income for year				177,695	140,300
Investment income Interest payable				53,443	(202) 54,084
Depreciation and loss on disposal offixed assets				154,249	128,953
Decrease/(increase) fincrcsse)/decrease (Decrease)/increase	in stock in debtors in creditors			(847) (7,456) (24,882)	(3,808) 13,767 (38,199)
Net cash flow finm	operating	activities		352402	2942195
ANALYSIS OF CHANGES IN NET DEBT
			Balaace at I	Cash flow	Balaace at 31
			September 2021 6		August 2022 I
Cash aad cash equivalents
Cash at bank and in	hand		952,865	81,485	1,034450
Debt
Debts falling due within I year Debts falling due after 1 year			(95,943) (1,887,585)	3,285 92,090	(92,658) (1,795,495)
			(1,983,528)	95,375	(12188,153)
			(1,030,663)	1762160	(8532)03)

				Outstanding
				Balances
				(Trade
		Incomef	ExpeaditareI	creditors)f	Commitments f
Agee Limited	a company ofwhich
Mr SCostigan	is a director
At 31August 2022			3457
At 31August 2021			8,052	245

									2022I	2021 f,
Financial liabilities
Measured at	amortised		cost
-Bank loans	(see notes		17and	18)					1,888,153	1,977,689
-Obligations	under	finance leases								5,839
									1,888,153	1,983428
e expenses attributable			the charity's		financial	instruments	are summarised	as follows:
									2022	2021
Expenses
Financialliabilities		measured		at arnortised		cost
Bank loan interest Finance lease									(51,762) (1,681)	(51,998) (2,086)