##
|Trustees|||C Aldridge|||
|---|---|---|---|---|---|
||||H Davies|||
||||A Siddiqui|||
||||M Hornsby|||
||||N Newman|||
||||A Brown|||
||||SPepper|||
||||A Skinnard|||
||||J Mackay|||
||||D Smith|||
|Secretary||and Bursar|G Bunning|||
|Head Teacher|||ERees|||
|Charity|number||800284|||
|Company||number|2270044|||
|Registered||offic|Hornsby
House School|||
||||Heamville
Road|||
||||London|||
||||SW12 8RS|||
|Auditor|||Ward Williams|||
||||Belgrave House|||
||||39-43 Monument||Hill|
||||Weybridge|||
||||Surrey|||
||||KT13SRN|||
|Bankers|||Child &Co|Bankers||
||||1 Fleet Street|||
||||EC4Y 1BD|||
|Solicitors|||Barlow Robbins||Solicitors|
||||The Oriel|||
||||Sydenham|Road||
||||Guildford|||
||||Surrey|||
||||GU1 3SR|||
##
||||Page|
|---|---|---|---|
|Trustees'|report||t -8|
|Statement|of Trustees'|responsibilities||
|Independent
auditor's||report|10-11|
|Statement|offinancial|activities|12|
|Statement|offinancial|position|13|
|Statement|ofcash flows||14|
|Notes to the financial||statements|t5 - 27|
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|parents,
staff and pupils, wer|e helped|during
the year:||
|---|---|---|---|
||||2020 (6)|
|United Word Schools|||8,000|
|Committed
Project
Battersea Crime Prevention|Summer|Camp|300
1,445|
|Coram Beanstalk -Volunteer|Reading|Helpers|4,300|
|GoFundMe|||200|
|Tommy's
World Wildlife Fund|||249
457|
|St Mary's Care Home - Tooting|||115|
||||15,066|
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|||Notes|2020
6|2019f|
|---|---|---|---|---|
|Ittggtrudfgm;
Donations
and legacies|||19,571|19,590|
|Charitable
activities|||6,602,485|7,040,291|
|Other income|||64,978||
|Investments|||12,657|15,359|
|Total income|||6,699,691|7,075,240|
|Raising funds||7|8,948|12,306|
|Charitable
activities||8|6,042,010|6,063,237|
|Other||12|1,429|(1,534)|
|Total resources|expended||6,052,387|6,074,009|
|Net Income for the year/|||||
|Net movement|in funds||647,304|1,001,231|
|Fund balances|at 1 September 2019||9,296,383|8,295,152|
|Fund balances|at 31August 2020||9,943,687|9,296,383|
##
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||||||2020|2019|
|---|---|---|---|---|---|---|
|||||Notes|||
|Fixed assets|||||||
|Property,|plant and||equipment|13|7,015,861|5,939,066|
|Current|assets||||||
|Debtors|falling|due|after one year|15|248,000|258,000|
|Debtors|falling|due|within one year|15|122,402|162,956|
|Cash at|bank|and|in hand||4,165,958|4,977,632|
||||||4,536,360|5,398,588|
|Current|liabilities|||16|(688,393)|(995,137)|
|Net current assets|||||3,847,967|4,403,451|
|Total assets||less|current liabilities||10,863,828|10,342,517|
|Non-current||liabilities|||(920,141)|(1,046,134)|
|Net assets|||||9,943,687|9,296,383|
|Income|funds||||||
|Unrestricted
funds|||||9,943,687|9,296,383|
||||||9,943,687|9,296,383|
##
|||2020|2019||
|---|---|---|---|---|
||Notes|8|E||
|Cash flows from operating
activities|||||
|Cash generated
from operations|23|664,552||1,500,500|
|investing
activities|||||
|Purchase of property,
plant and equipment||(1,489,152)|(978,988)||
|Proceeds on disposal of property,
plant
and equipment||269|19,502||
|Interest received||12,657|15,359||
|Net cash used in investing
activities||(1,476,226)||(944,127)|
|Net cash used In financing
activities|||||
|Net (decrease)/increase
in cash and cash
equivalents||(811,674)||556,373|
|Cash and cash equivalents
at beginning|ofyear|4,977,632||4,421,259|
|Cash and cash equivalents
at end ofyear||4,165,958||4,977,632|
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||Charitable
activitie|s|||
|---|---|---|---|---|
||||2020|2019|
||School fees||6,333,460|6,420,579|
||Extra lessons/clubs/trips
School registration
fees
Discounts
given
Catering
Other income||122,109
24,800
(125,660)
244,505
3,271|225,443
26,100
(124,643)
343,777
149,035|
||||6,602,485|7,040,291|
|5|Other Income||||
||||2020|2019|
||Government
grants|- JRS|64,978||
|6|Investments||||
||||2020|2019|
||Interest receivable||12,657|15,359|
|7|Raising funds||||
||||2020|2019|
||dl'||||
||Staging fundraising|events|8,948|12,306|
##
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||Charitable
activities|(School operating costs)|||
|---|---|---|---|---|
||||2020|2019|
||||6||
||Staff costs
Depreciation
Class materials
and lesson costs
Catering costs
Charitable
donations
Staff welfare
Playing fields rental
Establishment
costs
Legal and professional
fees
Sundry expenses
Advertising
and marketing
Computer
and printing
costs
Entertaining
Other charitable
expenditure||4,260,209
410,659
313,703
257,450
15,066
62,585
157,025
299,960
9,661
12,790
78,782
100,720
55,000|3,989,174
397,163
490,457
301,282
9,925
45,715
154,610
361,473
63,293
11,023
82,651
118,549
2,463
27,059|
||||6,033,610|6,054,837|
||Governance
costs (see note 9)||8,400|8,400|
||||6,042,010|6,063,237|
||Analysis
by fund
Unrestricted
funds||6,042,010||
||||6,042,010||
||For the year ended
Unrestricted
funds|31August 2019||6,063,237|
|||||6,063,237|
|9|Governance costs||2020|2019|
||||5||
||Audit fees||8,400|8,400|
||||8,400|8,400|
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|Number ofemployees
Theaverage
monthly
number|employees|during the year was:|||
|---|---|---|---|---|
|
|||2020|2019|
||||Number|Number|
|Teaching
and support staff
Administration,
(T and catering|staff||81
13|81
14|
||||94|95|
|Employment
costs|||2020f|2019f|
|Wages and salaries
Social security costs
Other pension costs|||3,331,007
335,530
593,672|3,236,148
336,053
416,973|
||||4,260,209|3,989,174|
|Thsnumber
ofemployees
w|hose annual|remuneration
was f60,00|0 or more were||
|---|---|---|---|---|
|
|||2020|2019|
||||Number|Number|
|f60,000 - f69,999
f70,000 - f79,999
f80,000 - f89,999|||2
1
2|2
3|
|f100,000 - f109,999|||1||
|Other expenditure|||||
||||2020|2019|
|Net (profit) Iloss on disposal|of tangible|fixed assets|1,429|(1,534)|
||||1,429|(1,534)|
##
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|13|Property,
plant and equipment|Property,
plant and equipment|Property,
plant and equipment|Freehold|Assets under|Fixtures and|Computers|Total|
|---|---|---|---|---|---|---|---|---|
|||||buildings|construction|fittings|||
|||||F||6|||
||Cost||||||||
||At 1 September 2019
Additions|||7 380268
18,479|1 595236
1,142,867|1,129,113
273,782|616,407
54,024|10,721,024
1,489,152|
||Disposals|||||(67,585)|(40,270)|(107,855)|
||At 31 August|2020||7,398,747|2,738,103|1,335,310|630,161|12,102,321|
||Depreciation
and impairment
At 1 September 2019
Depreciation
charged
in the year
Eliminated
in respect ofdisposals|||3,429,811
246,034||843,407
104,578
(66,185)|508,740
60,047
(39,972)|4,781,958
410,659
(106,157)|
||At 31August|2020||3,675,845||881,800|528,815|5,086,460|
||Carrying
amount
At 31 August 2020|||3,722,902|2,738,103|453,510|101,346|7,015,861|
||At 31August|2019||3,950,457|1,595,236|285,706|107,667|5,939,066|
||The carrying|value of|land included|in land and buildings
comprises:|||2020|2019|
||||||||6||
||Freehold||||||1,000,000|1,000,000|
##
|14|Financial
instruments|Financial
instruments|||||2020|2019|
|---|---|---|---|---|---|---|---|---|
||||||||E|E|
||Carrying
amount
Debt instruments|offinancial
measured
at|||assets
amortised|cost|277,178|299,334|
||Carrying
amount offinancial
Measured
at amortised
cost||||liabilities||1,527,583|1,963,739|
|15|Trade and other|receivables|||||||
||||||||2020|2019|
||Amounts
falling|due|within|one year:|||E|E|
||Trade receivables||||||14,178|26,334|
||Other receivables||||||15,000|15,000|
||Prepayments
and|accrued income|||||93,224|121,622|
||||||||122,402|162,956|
||||||||2020|2019|
||Amounts
falling|due|after|more than||one year:||6|
||Other receivables||||||248,000|258,000|
||Total debtors||||||370,402|420,956|
|16|Current liabilities||||||2020|2019|
||||||||E|E|
||Other taxation
and social security
Trade payables
Accruals and deferred
income||||||80,951
83,239
524,203|77,532
203,915
713,690|
||||||||688,393|995,137|
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|20|Operating
lease commitments|||||||||
|---|---|---|---|---|---|---|---|---|---|
||At the reporting
end date the|School|had outstanding|||commitments|for future|minimum
lease|payments|
||under non-cancellable
operating|leases, which||fall|due|as follows;||||
|||||||||2020|2019|
|||||||||f|f|
||Within one year|||||||24,996|24,996|
||Between two and five years|||||||2,054|27,119|
|||||||||27,050|52,115|
|21|Capital commitments|||||||2020
f|2019f|
||At 31August 2020 the School had capital commitments|||||as follows:||||
||Contracted
for but not provided|in the|financial|statements;||||||
||Acquisition
of property,
plant and equipment||||||||204,764|
|22|Related party transactions|||||||||
||Remuneration
of key management||personnel|||||||
||The remuneration
of key management||personnel||is as|follows.||||
|||||||||2020
f|2019f|
||Aggregate
compensation|||||||509,227|577,631|
##
##
|23|Cash generated
from|operations|||||2020
f|2019
f|
|---|---|---|---|---|---|---|---|---|
||Surplus
for the year||||||647,304|1,001,231|
||Adjustments
for:||||||||
||Investment
income recognised
in statement||||offinancial|activities|(12,657)|(15,359)|
||Loss/(gain)
on disposal of property,
plant
Depreciation
and impairment
of property,|||and equipment
plant and equipment|||1,429
410,659|(1,534)
397,163|
||Movements
in working|capital:|||||||
||Decrease
in trade and|other receivables|||||50,554|9,926|
||(Decrease)/increase
in|trade and other payables|||||(432,737)|109,073|
||Cash generated
from|operations|||||664,552|1,500,500|
|24|Analysis
ofchanges|in net funds|||||||
||The School had no debt during
the||year.||||||