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

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		Page
Report ofthe Trustees	1	to	8
Report ofthe Independent Auditors	9	io	10
Statement of Financial Activities
Balance Sheet		12
Cash Flow Statement
Notes to the Cash Flow Statement		14
Notes to the Financial Statements	15	Io	22

		For	The Y r	Ended 31 Au u	st 2022
						2022	2021
				Unrestncted	Restricted	Total	Total
				fund	funds	funds	funds
			Notes	8	f	6	8
INCOME AND ENDOWMENTS		FROM
Donations and legacies					2,077	2,077
Charitable activities
Teaching							63,507
Fees receivable				7,794,036		7,794,036	7 375,092
Other trading activities			4	139,484		139,484	113,339
Investment income			5	146,109		146, 'I09	110,252
Other income				15,531		15,531	4,372
Tots I				8095 160	2,077	8,097,237	7 666,562
EXPENDITURE ON
Charitable activities			7
Teaching				~7305886	3,842	7,309,728	6761,703
NET INCOME/(EXPENDITURE)				789,274	(1,765)	787,509	904,859
RECONCILIATION	OF FUNDS
Total funds brought	forward			8,689,050	269,158	8,958,208	8 053,349
TOTAL FUNDS CARRIED FORWARD				9,478,324	267,393	9,745,717	8 958,208

Hill House School	Limited Re	Limited Re	istered	number: 00908	443
	Balance		Sheet
	331A	1	12822
					2022	2021
		Unrestricted		Restricted	Total	Total
			fund	funds	funds	funds
	Notes		E	f	E	E
FIXEDASSETS
Tangible assets	16	13,291,684		324,977	13,616,661	13448,521
CURRENT ASSETS
Stocks	17		17,408		17,408	14,478
Debtors	18		391,373		391,373	304,828
Cash at bank					2 855 726	2 157,290
		3,264,507			3,264,507	2,476,596
CREDITORS
Amounts falling due within one year	19	(2	393,149)	(57,584)	(2,450,733)	(1 950,917)
NET CURRENT ASSETS			8 1,358	~5	813,774	525,679
TOTAL ASSETS LESS CURRENT LIABILITIES		14,163,042		267,393	14,430,435	13974,200
CREDITORS
Amounts falling due after more than one year	20	(4,684,718)			(4,684,718)	(5,015,992)
NET ASSETS		9	83 4	67393	4.	5
FUNDS	24
Unrestricted funds					9,478,324	8689,050
Restricted funds					267,393	269,158
TOTAL FUNDS					9,745717	8 958208

				Hill Hous	e School Limit	ed
				Cash	Flow Statement
		For		The Ye	Ended 31Au	ust 2022
				Notes		2022f	2021 f
Cash flows from	operating	activities
Cash generated from operations Interest paid						1,656,404 ~280AM	1,121 354 ~267 158)
Net cash provided	by operating activities					1 395915	854 196
Cash flows from	investing	activities
Purchase oftangible fixed assets						(387,234)	(245,066)
Interest received						8,431	1,032
Net cash used in	investing	activities				378,803	~244,034)
Cash flows from Loan repayments	financing in year	activities				318,676	~305,t60)
Net cash used in	financing	activities				~318.676)	~385.160)
Change in cash	and cash	equivalents	in
the reporting period						698,436	305002
Cash and cash equivalents		at the
beginning ofthe	reporting	period				2 157290	1 852288
Cash and cash equivalents		at the end	of
the reporting period						2,855,726	~2157.290

							2022		2021
							f		f
	Net income	for the	reporting			period (as per the Statement of Financial
	Activities)						787,509		904 859
	Adjustments	for:
	Depreciation	charges					219,095		215,768
	Interest received						(8,431)		(1,032)
	Interest paid						260,489		267,158
	(Decrease)	in payments		on	account		(31,171)		(36816)
	Increase in stocks						(2,930)		(2 064)
	Increase in debtors Increase/(decrease)		in	creditors			(86,545) 518,388	(35 115) ~I91,40 'I )
	Net cash provided		by	operations			1,656,404	1,121354
2.	ANALYSIS	OF CHANGES			IN	NET DEBT
						At 1.9.21	Cash flow	At	31.8.22
						f.			f
	Net cash
	Cash at bank					2,157,290	698,436	2,855,726
						2,157,290	698,436	2,855,726
	Debt
	Debts falling Debts falling	due within 1 year due after 1 year				(338,012) ~5,315232	(12,597) 33»	(350,60'9) ~433
						~5,354,004)	318,677	$5,035,32/)
	Total					~3. M.7	131 113	~2.	. Il I

	INCOME FR	OM CHA	RI	TA	BLE	ACTIVITIES
						Activity		2022f	2021
	Coronavirus	support	grants			Teaching			63507
	Tuition fees					Fees receivable		7,514,546	7.201 202
	Wrap around	and activity
	weeks					Fees receivable		41,626	24,791
	Nursery fees					Fees recewable		237,864	149099
								7,794,036	7,438 599
	Grants received, included			in the		above, are as follows,
								2022f	2021 f
	Coronavirus	Job Retention			Scheme				63,507
7.	CHARITABLE ACTIVITIES				COSTS
							Direct	Support
							Costs (see	costs (see
							note 8)	note 9) f	Totals f
	Teaching						7,303,408	6,320	7,309728
8.	DIRECT COSTS OF		CHARITABLE ACTIVITIES
								2022f	2021 f
	Staff costs							4,931,143	4 872 278
	Food							276,050	203,147
	Academic costs and games				expenses			176442	132,740
	Teaching and student		other		costs			276,217	178079
	Running ofschool other			costs				812,182	654 530
	Premises costs							351,790	233027
	Deprecation							219,095	215768
	Interest payable and similar				charges			260,489	267 158
								7 303408	6,756 727
S.	SUPPORT COSTS
									Governance
									costs
									f
	Teaching								6 320
10.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)			is	stated after charging/(crediting),
								2022	2021
								F	f
	Depreciation	—owned	assets					219,094	215768
	Auditors' remuneration							6,100	6 000
	Operating lease costs							71,024	66,044

STAFF COSTS
						2022	2021
						E	E
Wages and salaries						4,001,605	3810,670
Social security costs						375,244	366882
Other pension costs						~554 294	694,726
						4,931,143	4,872 278
There were no redundancy		payments	made	in the	year (2021:F16,678).
The average monthly	number ofemployees			during	the year was as follows
						2022	2021
Teaching						93	93
Administration						16	13
Maintenance						16	15
						125	121

The number ofemployees whose employee benefits (	excluding employer pension costs) exceeded	E60000
	2022	2021
E60,001 —E70,000	1	2
E70,001 - F80,000	3	2
E80,001 - F90,000	1	1
F130,001 - E140,000		1
F140,001 —E150,000

				Unrestricted	Restricted	Total
				fund	funds	funds
				F	E	E
INCOME AND ENDOWNIENTS			FROM
Charitable	activities
Teaching				63,507		63,507
Fees receivable				7,375,092		7 375,092
Other trading		activities		113,339		113,339
Investment	income			110,252		110,252
Other income				4,372		4,372
Total				7666 562		7 666 562

			Unrestricted	Restricted	Total
			fund	funds	fund
			8	E	9
EXPENDITURE ON
Charitable	activities
Teaching			6,758,068	3,635	6761,703
NET INCOMEI(EXPENDITURE)			908,494	(3,635)	904,859
RECONCILIATION		OF FUNDS
Total funds	brought	forward	7,780,556	272,793	8 053,3/I9
TOTAL FUNDS CARRIED FORWARD			8,689,050	269,158	8,958,208
FRIENDS	OF HILL	HOUSE SCHOOL

INTANGIBLE F	IXEDASSETS
						Transfer
						commission
						8
COST
At 1 September	2021 and 31 August 2022					320 000
AMORTISATION
At 1 September	2021 and 31 August 2022					320 000
NET BOOK VALUE
At 31 August 2022
At 31 August 2021
TANGIBLE FIXEDASSETS
		Leasehold	Freehold		Fixtures
		land and	land	and	and
		property	improvements		fittings	Totals
			5		5	5
COST
At 1 September	2021	13,308,995	554,322		1,307,438	15,170755
Additions		114 90	166880		105564	387 234
At 31 August 2022		13,423,785	721,202		1,413,002	15,557 989
DEPRECIATION
At 1 September	2021	620,493	243,014		858,727	1,722 234
Charge for year		73.901	2	4	112,909	219094
At 31 August 2022		694,394	275,298		971,636	1,941 328
NET BOOK VALUE
At 31 August 2022		12,729,391	445,	904	441,366	13,616661
At 31 August 2021		12,688,502	311,308		448,711	13,448 521

			Notes to the Financial Statem For The Year Ended 31	ents -continued Au ust 2022
17.	STOCKS
					2022	202'
					f	f
	Food and consumables				17,408	14478
16.	DEBTORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR
					2022	2021
					f	f
	Trade debtors				239 150	168768
	Other debtors				21,270	21,270
	Prepayments and accrued		income		130953	114790
					391,373	304 828
19.	CREDITORS'. AMOUNTS		FALLING DUE WITHIN ONE YEAR
					2022	2021
					f	f
	Bank loans and overdrafts		(see note 21)		350,609	338 012
	Payments on account				33,034	64205
	Trade creditors				295,235	117687
	Social secunty and other	taxes			95,010	89411
	Other creditors				436,621	384 160
	Accruals and deferred income				1,240,224	957.442
					2,450,733	1,950 917
20.	CREDITORS: AMOUNTS		FALLING DUE AFTER MORE THAN ONE YEAR
					2022	202'
						f
	Bank loans (see note 21)				4,684,718	5,015992
21.	LOANS
	An analysis of the maturity		of loans is given below;
					2022	2021
					f	f
	Amounts falling due within		one year on demand:
	Bankloans				350,609	338012
	Amounts falling between Bank loans -1-2years	one and two years.			366,694	350 607
	Amounts falling due between two and five years: Bank loans -2-5 years				1,603,494	1,595,249
	Amounts falling due in more than five years:
	Repayable by instalments
	Bank loans over 5 years				2,714,530	3070.136
	Interest is charged on the	loans at venous fixed and variable		rates

At 31 Aug was	ust	2022 the t	otal ofthe Chanty's future minimum lease	payments under non-cancellable o	perating leas
				2022	2021
				f	8
Amounts	due	within one year		67,461	66 148
Amounts	due	between	one and five years	85,555	110184
Amounts	due	after five	years	5,264,875	5 270,375
				5,417,891	5,446 707

The following	s	ecured d	ebts are	included within creditors'
					2022	2021
					f
Bankloans					5,035,327	5,354 004
Bank loans are		secured	by a fixed and floating charge over the assets of the charity.
MOVEMENT	IN FUNDS
					Net
					movement	At
				A(1 921	in funds	31.8 22
					8	6
Unrestricted	funds
General fund				8,689,050	789,274	9478 324
Restricted funds
Equipment fund Building fund				21,524 247,634	(303) ~1,462)	21 221 246 172
				269,158	1,765	267,393
TOTAL FUNDS				8,958206	787,509	9.7457 'I /
Net movement		in funds,	included	in the above are as follows
				Incoming	Resources	Movement
				resources	expended	in funds
				8	5	5
Unrestricted	funds
General fund				8,095,160	(7 305,886)	789271
Restricted funds
Equipment fund Building fund				2,076 1 2,077	(2.379) ~1463) ~3,842	(303) ~1,462) ~I,765)

				Net
				movement	At
			At 1.920	in funds	31.8 21
			f	f	E
Unrestricted funds
General fund			7,780,556	908,494	8,689,050
Restricted funds
Equipment fund Building fund			23,696 249,097	(2,172) ~1463)	21,524 247 634
			272,793	~3,635	269,158
TOTAL FUNDS			8,053,349	904,859	8 958208
Comparative net movement	in funds,	included	in the above are as follows
			Incoming	Resources	Movement
			resources f.	expended f	in funds f
Unrestricted funds
General fund			7,666,562	(6,758,068)	908.494
Restricted funds
Equipment fund Building fund				(2,172) ~1,463)	(2 172) ~1463)
				~3,635	~3635)
TOTAL FUNDS			~7.666562	~6,761.703)	904 859

				2022	2021
				E	E
Contracted	but not provided	for in the financial	statements	752,688
RELATED	PARTY DISCLOSURES