##
|||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|
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|||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|
##
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||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|
##
##
##
|12.|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)|
##
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##
|||||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|||||