## ## ## ||||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| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## A (.'om Jjimited endelltAllditor'J Re rt t th GuarHDtet of Red Houst Sth l LiThited Dde A furttL¢r description of C￿r respoJ]sibiJities 1$ availabl¢ on the Fitihtici8J Report￿8 Coullcil'8 wBbsite at.. httpsJlwryw.fre.ors.ukJOUr-WorklAuditlAudit.and.8ssurdLcelStsnd￿d&8ud.guJdanC￿8tunddrd5-a￿d_ÈuldIQce-r0r- tiuthtor51Auditors-i¢sponsibilitieg-for-aUdiVDesCtiption￿[-aUdlt￿s-res[K)Os1biIllles-for￿1dILwL This descriptioth forns part of our audiknr's retxirt. Use of our report This Teport is made sokly io the cb8rit8ble company's ll)¢llLb¢T& ￿ &body. in acwrohttee ￿7th Chapter 3 of Part 16 or the Compatiies Act2￿. Ourduditwerkh&sErED undtnakerLsothatw¢ ￿ight 5tratetothe charitsble cornpwy'5 those m8tters w¢ requ￿￿1 to stare t¢ thern in an dudttOT'3 r¢pL>rt a￿1 for no other puw%. To tbc fvllcst cxtEllt rmitte41 by law, we do not accept or &SSUTllC reSFM7t￿lb1]lty lo atyone oth¢r tbgll the cbaribthlB Lu)￿panY aDd tl ch8ritsble w￿p91)y's U￿berS &% a btsty, forow a￿lit WOTL for this repoTL or for the opinioDs ￿ have fornicd Jerome Bury FCA- S¢llior SlatsLtory Auditor For and on beb￿￿Of AndusonBam)weliff LLP SL9Nlory Auditor5 Chartered Accountsnts 3 Kitigfish¢r Court Bowesfjeld P2Tk stocktonon Tces T518 3EX 9 Novemkr 2022 Page 13 ## ||||||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)|