2022-08-31-accounts

HORNSBY HOUSE EDUCATIONAL TRUST	HORNSBY HOUSE EDUCATIONAL TRUST
COMPANY LIMITED BYGUARANTEE
CONTENTS
		Page
Trustees' report		1-10
Independent auditor's	report	11-14
Statement offinancial	activities	15
Statement offinancial	position	16
Statement ofcash flows		17
Notes to the financial	statements	18-30

			2022 (K)
Royal British Legion Poppy	Appeal		597
United World Schools			8,000
Ruth Strauss Foundation			2,064
Winston's Wish			2,064
Red Cross - Ukraine Crisis	Appeal		5,471
Coran Beanstalk - Volunteer	Reading	Helpers	3,300
Other outreach projects			600
			22,096

			2022	2021
		Notes
Income and endowments	from:
Donations and legacies			20,773	9,152
Charitable activities			7,585,398	6,860,962
Government grants				27,983
Investments			2,924	565
Other income			101,024
Total income			7,710,119	6,898,662
Ex enditure on:
Charitable activities			7,165,251	6,501,004
Other		12	(4,500)	(2,979)
Total resources expended			7,160,751	6,498,025
Net income for the year/
Net movement in funds			549,368	400,637
Fund balances at 1 September 2021			10,344,324	9,943,687
Fund balances at 31August 2022			10,893,692	10,344,324

					2022	2021
				Notes		K
	Fixed assets
	Property,	plant and	equipment	13	6,603,060	6,907,881
	Current	assets
	Debtors	falling due	after one year	15	218,000	233,000
	Debtors	falling due	within one year	15	119,902	137,249
	Cash at	bank and	in hand		6,090,954	5,077,625
					6,428,856	5,447,874
	Current	liabilities		16	(1,031,012)	(1,044,419)
	Net current assets				5,397,844	4,403,455
	Total assets less		current liabilities		12,000,904	11,311,336
	Nonwurrent liabilities			17	(1,107,212)	(967,012)
	Net assets				10,893,692	10,344,324
	Income	funds
	Unrestricted funds
	Designated funds			19	45,000
'	General	unrestricted funds			10,848,692	10,344,324
					10,893,692	10,344,324
					10,893,692	10,344,324

							2022		2021
						Notes
Cash flows from operating				activities
Cash generated		from	operations					1,300,922		1,373,291
Investing	activities
Purchase	ofproperty,		plant	and equipment			(295,017)		(465,204)
Proceeds	on disposal		ofproperty,		plant	and
equipment							4,500		3,015
Interest received							2,924		565
Net cash	used	in investing		activities				(287,593)		(461,624)
Net cash	used	in financing		activities
Net increase in		cash	and cash		equivalents			1,013,329		911,667
Cash and	cash equivalents			at beginning		ofyear		5,077,625		4,165,958
Cash and	cash	equivalents		at	end of	year		6,090,954		5,077,625

					2022	2021
	Donations and gifts		- Fundraising	events	20,773	9,152
4	Charitable	activities
					2022	2021f
	School fees				6,939,007	6,473,617
	Extra lessons/clubs/trips				348,147	191,447
	School registration		fees		25,600	27,700
	Discounts given				(123,894)	(138,317)
	Catering				388,250	305,448
	Other income				8,288	1,067
					7,585,398	6,860,962
5	Government	grants
					2022	2021
	Government	grants				27,983

		2022	2021
	Interest receivable	2,924	565
7	Other income
		2022	2021
	Other income	101,024

8	Charitable a	ctivities (	School operating costs)
				2022	2021
	Staff costs			4,634,090	4,391,290
	Depreciation			599,836	573,148
	Class materials and lesson costs			472,462	276,108
	Catering costs			376,936	321,966
	Charitable donations			22,096	17,193
	Staff welfare			88,300	76,525
	Playing fields	rental		162,850	168,833
	Establishment	costs		544,370	432,846
	Legal and professional		fees	54,205	10,799
	Sundry expenses			18,573	25,102
	Advertising and marketing			41,778	71,009
	Computer and printing		costs	73,894	75,874
	Entertaining			692	692
	Other charitable expenditure			66,169	51,219
				7,156,251	6,492,604
	Governance	costs (see note 9)		9,000	8,400
				7,165,251	6,501,004
	Analysis by	fund
	Unrestricted	funds		7,165,251
				7,165,251
	For the year	ended 31August 2021
	Unrestricted	funds			6,501,004
					6,501,004
9	Governance	costs
				2022	2021
	Audit fees			9,000	8,400
				9,000	8,400

			2022	2021
			Number	Number
	Teaching and	support staff	84	82
	Administration,	ITand catering staff	13	12
			97	94
	Employment	costs	2022	2021
			E
'	Wages and salaries		3,613,864	3,442,329
	Social security	costs	391,100	351,316
	Other pension	costs	629,126	597,645
			4,634,090	4,391,290

			2022	2021
			Number	Number
	F60,000 - E69,999		3	2
	E70,000 - E79,999		1	1
	F80,000 - F89,999		2	2
	F100,000 - F109,999		1	1
12	Other expenditure
			2022	2021
	Net (profit) Iloss on disposal oftangible	fixed assets	(4,500)	(2,979)
			(4,500)	(2,979)

13	Property, plant and equipment	Property, plant and equipment	Property, plant and equipment
						Freehold	Fixtures and	Computers	Total
						buildings	fittings
	Cost
	At 1 September 2021					10,340,417	1,474,841	637,746	12,453,004
	Additions					96,072	158,313	40,632	295,017
	Disposals						(46,638)	(121,627)	(168,265)
	At 31August	2022				10,436,489	1,586,516	556,751	12,579,756
	Depreciation	and impairment
	At 1 September 2021					4,040,285	926,584	578,254	5,545,123
	Depreciation	charged	in the year			368,283	189,510	42,045	599,838
	Eliminated in	respect	ofdisposals				(46,638)	(121,627)	(168,265)
	At 31August	2022				4,408,568	1,069,456	498,672	5,976,696
	Carrying amount
	At 31August	2022				6,027,921	517,060	58,079	6,603,060
	At 31August	2021				6,300,132	548,257	59,492	6,907,881
	The carrying	value of	land included	in	land and buildings	comprises:
								2022f	2021
	Freehold							1,000,000	1,000,000
	All fixed assets are used for charitable				purposes.

14	Financial instruments	Financial instruments	Financial instruments					2022	2021
	Carrying amount		offinancial			assets
	Debt instruments	measured			at	amortised	cost	287,067	288,093
	Carrying amount		offinancial			liabilities
	Measured at amortised			cost				2,039,498	1,924,699
15	Trade and other	receivables
								2022	2021
	Amounts falling	due		within	one year:
	Trade receivables							54,067	40,093
	Other receivables							15,000	15,000
	Prepayments and		accrued income					50,835	82,156
								119,902	137,249
								2022	2021
	Amounts falling	due		after	more than one year:
	Other receivables							218,000	233,000
	Total debtors							337,902	370,249
16	Current liabilities
								2022	2021
	Other taxation and		social security					98,726	86,732
	Trade payables							174,378	128,984
	Other payables							175	175
	Accruals and deferred			income				757,733	828,528
								1,031,012	1,044,419

24	Cash generated from operations				2022	2021
	Surplus for the year				549,368	400,637
	Adjustments for:
	Investment income recognised in statement		offinancial	activities	(2,924)	(565)
	Gain on disposal of property, plant and equipment				(4,500)	(2,979)
	Depreciation and impairment of property,	plant and equipment			599,836	573,148
	Movements in working capital:
	Decrease in trade and other receivables				32,349	153
	Increase in trade and other payables				126,793	402,897
	Cash generated from operations				1,300,922	1,373,291
25	Analysis of changes in net funds
	The School had no debt during the year.