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