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

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

		Page
Report ofthe Trustees	1	to	8
Report ofthe Independent Auditors	9	to	10
Statement of Financial Activities
Balance Sheet		12
Cash Flow Statement		13
Notes to the Cash Flow Statement		14
Notes to the Financial Statements	15	to	24

N R Ebden
R P Leggott
J A L Sprenger
Auditors
Kingswood Allotts Limited,		Statutory	Auditor
Chartered Accountants
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU
Bankers
Yorkshire Bank	pic
19St Sepulchre	Gate
Doncaster
South Yorkshire
DN1 1SJ
Solicitors
Knights pic
Majestic
City Square
Leeds
LS1 2EF

Management	Management
The school headmaster, D Holland is assisted		in running	the school by the following	management	team:
BMcCrae	- Deputy Head
J Hall	- Head ofJunior School
S Hopkinson	—Second Master
K Wigglesworth	- Bursar and Clerk to the Governors
C Rogerson	- Head ofSenior School
C Leach	—Deputy Head ofJunior School
K Johnson	- Head of Sixth Form (from	01.09.20)

	For	The Year E	nded 31 Au u	st 2021
					2021	2020
			Unrestricted	Restricted	Total	Total
		Notes	fund F	funds f	funds F	fundsf
INCOME AND ENDOWMENTS	FROM
Donations and legacies						50
Charitable activities
Teaching Fees receivable			63,507 7,375,092		63,507 7,375,092	145,241 6,986,219
Other trading activities			113,339		113,339	93,712
investment income			110,252		110,252	73,222
Other income			4,372		4,372	8,216
Total			7,666,562		7,666,562	7,306,660
EXPENDITURE ON
Charitable activities
Teaching			6,758,068	3,635	6,761,703	6,702,677
NET INCOME/(EXPENDITURE)			908,494	(3,635)	904,859	603,983
RECONCILIATION OF FUNDS
Total funds brought forward			7,780,556	272,793	8,053,349	7,449,366
TOTAL FUNDS CARRIED FORWARD			8,689,050	269,158	8,958,208	8,053,349

Hill House School L	imited Re istered nu	imited Re istered nu	mber: 00908	443
	Balance Sheet
	~310	12021
				2021	2020
		Unrestricted	Restricted	Total	Total
	Notes	fund	funds F	funds 6	fundsf
FIXEDASSETS
Tangible assets	16	13,121,778	326,743	13,448,521	13,599,223
CURRENT ASSETS
Stocks	17	14,478		14,478	12,414
Debtors	18	304,828		304,828	269,713
Cash at bank		2,157,290		2,157,290	1,852,288
		2,476,596		2,476,596	2,134,415
CREDITORS
Amounts falling due within one year	19	(1,893,332)	(57,585)	(1,950,917)	(2,338,291)
NET CURRENT ASSETS		583,264	(57,585)	525,679	(203,876)
TOTAL ASSETS LESSCURRENT LIABILITIES		13,705,042	269,158	13,974,200	13,395,347
CREDITORS
Amounts falling due after more than one year	20	(5,015,992)		(5,015,992)	(5,341,998)
NET ASSETS		8,689,050	269,158	8,958,208	8,053,349
FUNDS	24
Unrestricted funds				8,689,050	7,780,556
Restricted funds				269,158	272,793
TOTAL FUNDS				8,958,208	8,053,349

				Hill House School Limit	ed
				Cash Flow Statement
			For	The Year Ended 31 Au	ust 2021
					2021	2020
				Notes	6	8
Cash flows from operating		activities
Cash generated from operations					1,121,354	1,291,782
Interest paid					(267,158)	(277,854)
Net cash provided by operating activities					854,196	1,013,928
Cash flows from investing		activities
Purchase of tangible fixed assets					(245,066)	(947,874)
Interest received					1,032	4,366
Net cash used in investing	activities				(244,034)	(943,508)
Cash flows from financing		activities
New loans in year						825,000
Loan repayments in year					(305,160)	(242,182)
Net cash (used in)/provided		by financing	activities		(305,160)	582,818
Change In cash and cash		equivalents	in
the reporting period					305,002	653,238
Cash and cash equivalents		at the
beginning ofthe reporting		period			1,852,288	1,199,050
Cash and cash equivalents		at the end	of
the reporting period					2,157,290	1,852,288

RECONCILI	ATION	OF	NE	T IN	COME TO NET CASH FLOW FROM OPERATIN	G ACTIVITIES
						2021f	2020
Net income	for the	reporting			period (as per the Statement of Financial
Activities)						904,859	603,983
Adjustments	for:
Depreciation	charges					215,768	237,800
Loss on disposal of		fixed assets					1,314
Interest received						(1,032)	(4,366)
Interest paid						267,158	277,854
(Decrease)	in payments		on	account		(36,816)	(125,144)
Increase in stocks						(2,064)	(2,069)
(Increase)/decrease		in	debtors			(35,115)	43,332
(Decrease)/increase		in	creditors			(191,404)	259,078
Net cash provided		by	operations			1,121,354	1,291,782
ANALYSIS	OF CHANGES			IN NET DEBT
					At 1.9.20	Cash flow	At 31.8.21
					f	f	f
Net cash
Cash at bank					1,852,288	305,002	2,157,290
					1,852,288	305,002	2,157,290
Debt
Debts falling	due within		1 year		(317,166)	(20,846)	(338,012)
Debts falling	due after 1 year				(5,341,998)	326,006	(5,015,992)
					(5,659,164)	305,160	(5,354,004)
Total					(3,806,876)	610,162	(3,196,714)

Termination payments are accounted for w	hen a constructive obligation exists.
Acquisition ofSt. Mary's School
Transfer commission paid on the purchase	of St Mary's School has been fully amortised in prior periods
DONATIONS AND LEGACIES
	2021f	2020 5
Donations and grants		50
OTHER TRADING ACTIVITIES
	2021f	2020 5
Pupil bus fares	113,339	93,712
INVESTMENT INCOME
	2021f	2020f
Rents received	109,220	68,856
Deposit account interest	1,032	4,366
	110,252	73,222

								2021	2020
						Activity		E,	E
Coronavirus	support		grants			Teaching		63,507	145,241
Tuition fees						Fess receivable		7,201,202	6,836,092
Wrap around	and	actwity
weeks						Fees receivable		24,791	32,710
Nursery fees						Fees receivable		149,099	117,417
								7,438,599	7,131,460
Grants received,		included		in the		above, are as follows:
								2021f	2020f
Coronavirus	Job	Retention			Scheme			63,507	145,241
CHARITABLE ACTIVITIES					COSTS
							Direct	Support
							Costs (ses	costs (ses
							note 8) E	note 9) f	Totals E
Teaching							6,756,727	4,976	6,761,703
DIRECT COSTS OF			CHARITABLE ACTIVITIES
								2021	2020
								E	f
Staff costs								4,872,278	4,808,351
Food								203,147	178,750
Academic costs and games					expenses			132,740	135,564
Teaching and student			other		costs			178,079	183,783
Running ofschool other costs								654,530	673,440
Premises costs								233,027	199,882
Depreciation								215,768	237,799
Loss on sale	ofassets								1,314
Interest payable and similar					charges			267,158	277,854
								6,756,727	6,696,737
SUPPORT COSTS
									Governance
									costs
									E
Teaching									4,976
NET INCOME/(EXPENDITURE)
Net income/(expenditure)				is	stated after charging/(crediting):
								2021f	2020 E
Depreciation	- owned		assets					215,768	237,800
Deficit on disposal		of	fixed	assets					1,314
Auditors' remuneration								6,000	5,940
Operating lease costs								66,044	68,841

STAFF COSTS
	2021	2020
	E
Wages and salaries	3,810,670	3,773,233
Social security costs	366,882	348,496
Other pension costs	694,726	686,622
	4,872,278	4,808,351

	2021	2020
Teaching	93	94
Administration	13	13
Maintenance	15	15
	121	122

	2021	2020
860,001 —F70,000	2	3
870,001 - 680,000	2	1
880,001 - 890,000	1	1
8130,001 - 8140,000	1	1

COMPAR	ATIV	ES FOR THE ST	ATEMENT	OF FINANCIAL A	CTIVITIES
					Unrestricted	Restricted	Total
					fund	funds	funds
					8	F	8
INCOME	AND	ENDOWMENTS	FROM
Donations	and legacies				50		50
Charitable	activities
Teaching					145,241		145,241
Fees receivable					6,986,219		6,986,219
Other trading		activities			93,712		93,712
Investment	income				73,222		73,222
Other income					8,216		8,216
Total					7,306,660		7,306,660
				Page 18			continued. . .

Hill House School Limited Notes to the Financial Statements -continued For The Year Ended 31 Au ust 2021	Hill House School Limited Notes to the Financial Statements -continued For The Year Ended 31 Au ust 2021
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
	Unrestricted	Restricted	Total
	fund	funds	funds
	8	8	8
EXPENDITURE ON
Charitable activities
Teaching	6,695,324	7,353	6,702,677
NET INCOME/(EXPENDITURE)	611,336	(7,353)	603,983
RECONCILIATION OF FUNDS
Total funds brought forward	7,169,220	280,146	7,449,366
TOTAL FUNDS CARRIED FORWARD	7,780,556	272,793	8,053,349
FRIENDS OF HILL HOUSE SCHOOL

INTANGIBLE FIXEDASSETS
	Transfer
	commission
	6
COST
At 1 September 2020 and 31 August 2021	320,000
AMORTISATION
At 1 September 2020 and 31 August 2021	320,000
NET BOOK VALUE
At 31 August 2021
At 31 August 2020

Notes to the Financial Statements For The Year Ended 31 Au	Notes to the Financial Statements For The Year Ended 31 Au	Notes to the Financial Statements For The Year Ended 31 Au	-continued ust 2021
TANGIBLE FIXED ASSETS
		Leasehold	Freehold	Fixtures
		land and	land and	and
		property 6	improvements f	fittings f	Totals 6
COST
At 1 September 2020		13,308,995	554,322	1,242,372	15,105,689
Additions				65,066	65,066
At 31 August 2021		13,308,995	554,322	1,307,438	15,170,755
DEPRECIATION
At 1 September 2020		760,627		745,839	1,506,466
Charge for year		70,596	32,284	112,888	215,768
Reclassification		(210,730)	210,730
At 31 August 2021		620,493	243,014	858,727	1,722,234
NET BOOK VALUE
At 31 August 2021		12,688,502	311,308	448,711	13,448,521
At 31 August 2020		12,548,368	554,322	496,533	13,599,223
STOCKS
				2021	2020
				8	8
Food and consumables				14,478	12,414
DEBTORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR
				2021	2020
				f
Trade debtors				168,768	104,986
Other debtors				21,270	21,960
Prepayments and accrued		income		114,790	142,767
				304,828	269,713
CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
				2021 f	2020 f
Bank loans and overdrafts		(see note 21)		338,012	317,166
Payments on account				64,205	101,021
Trade creditors				117,687	199,504
Social security and other taxes				89,411	362,375
Other creditors				384,160	811,378
Accruals and deferred	income			957,442	546,847
				1,950,917	2,338,291

CREDIT	O	RS: AMOUNTS	FA	LLING DUE AFTER MORE THAN ONE YEA	R
					2021	2020
					f	f
Bank loans		(see note 21)			5,015,992	5,341,998
LOANS
An analysis		of the maturity of loans is given below:
					2021	2020
						f
Amounts	falling due within		one year on demand:
Bank loans					338,012	317,166
Amounts	falling between		one	and two years:
Bank loans		- 1-2years			350,607	322,371
Amounts	falling due between			two and five years:
Bank loans		- 2-5 years			1,595,249	1,058,989
Amounts	falling due in more than five years:
Repayable		by instalments:
Bank loans		over 5 years			3,070,136	3,960,638
Interest is	charged on the		loans at various fixed and variable rates.

LEASING AG	LEASING AG	REEMEN	TS
At 31 August		2021 the	total of the Charity's	future	minimum	lease payments	under	non-cancellable		operating
leases was:
								2021		2020
								f
Amounts	due	within one year						66,148		66,148
Amounts	due	between	one and five years					110,184		177,039
Amounts	due	after five	years					5,270,375	5,336,375
								5,446,707	5,579,562

The following secured debts are included within	creditors:
	2021	2020
	f	F
Bankloans	5,354,004	5,659,164
Other creditors		180,000
	5,354,004	5,839,164

MOVE	MENT	IN FUNDS
							Net
							movement	At
						At 1.9.20	in funds	31.8.21
							8
Unrestricted		funds
General	fund					7,780,556	908,494	8,689,050
Restricted funds
Equipment fund						23,696	(2,172)	21,524
Building	fund					249,097	(1,463)	247,634
						272,793	(3,635)	269,158
TOTAL	FUNDS					8,053,349	904,859	8,958,208
Net movement		in funds,	included		in the above are as follows:
						Incoming	Resources	Movement
						resources	expended	in funds
						F	E	6
Unrestricted		funds
General	fund					7,666,562	(6,758,068)	908,494
Restricted funds
Equipment fund							(2, 1 72)	(2,172)
Building	fund						(1,463)	(1,463)
							(3,635)	(3,635)
TOTAL	FUNDS					7,666,562	(6,761,703)	904,859
Comparatives		for movement		in	funds
							Net
							movement	At
						At 1 919	in funds	31.8.20
						6	f	F
Unrestricted		funds
General	fund					7,169,220	611,336	7,780,556
Restricted funds
Equipment fund						29,586	(5,890)	23,696
Building	fund					250,560	(1,463)	249,097
						280,146	(7,353)	272,793
TOTAL	FUNDS					7,449,366	603,983	8,053,349