2020-08-31-accounts - Seaton House School Limited

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		Notes	Unrestricted	Unrestricted
			funds	funds
			2020	2019
			E	E
INCOME FROM
Charitable activities
School fees receivable		2	1,505,023	1,493,140
Registration fees			3,080	4,565
Donations and legacies			1,420	6,340
Other trading activities:
Rents and lettings			13,590	4,861
Investmentincome			2,258	2,282
C/Rs Grant			61,841
Other income			41,025	78,545
Total Income			1,628,237	1,589,733
EXPENDITURE ON
Charitable activities:
School operating costs			1,501,858	1,482,900
Raising funds:
School financing costs			4,717	4,676
Total expenditure		7	1,506,575	1,487,576
NET INCOME FOR THE YEAR AND NET MOVEMENT	IN FUNDS		121,662	102,157
RECONCILIATION OF FUNDS
Funds brought forward at 1"September 2019			1,858,485	1,756,328
Funds carried forward at31"August 2020			1,980,147	1,858,485

			Notes	2020	2019
				f	E
FIXEDASSETS
Tangible assets
School land,	buildings and	equipment		906,121	929,117
CURRENT ASSETS
Debtors			10	80,590	48,723
Investment:	cash on short-term		deposit	534,876	104,785
Cash				750,913	998,625
				1,366,379	1,152,133
CREDITORS:	Due within one year			( 159,853)	( 94,265)
Net Current	Assets			1,206,526	1,057,868
Total Assets	less Current	Liabilities		2,112,647	1,986,985
CREDITORS:	Due after more than one year
Final term deposits			12	( 132,500)	( 128,500)
NET ASSETS				1,980,147	1,858,485
UNRESTRICTED FUNDS:			15
Designated:	Scholarship	fund		74,850	60,850
General fund				1,905,297	1,797,635
TOTAL FUNDS				1,980,147	1,858,485
Approved by the board on			16'"March, 2021and signed on its behalf by

			2020		2019
			f		f
CASH PROVIDED BYOPERATING ACTIVITIES
NET INCOME			121,662		102,157
Add back depreciation charge			38,329		35,244
Add back loss on disposal offixed assets			163
Deduct interest income in investing	activities	(	2,258)	(	2,282)
(Increase)/decrease in debtors		(	31,867)		7,233
Increase/(decrease) in creditors			69,588	(	21,866)
NET CASH INFLOW FROM OPERATING			195,617		120,486
ACTIVITIES
CASH FLOWS FROM INVESTING ACTIVITIES
Interest income			2,258		2,282
Net (additions to) investments		(430,091)		(	1„024)
Purchase oftangible fixed assets		(	15,496)	( 19,910)
CASH (USED IN) INVESTING ACTIVITIES		(443,329)			(18,652)
(DECREASE)/INCREASE IN CASH FOR	THE	(247,712)			101,834
YEAR
Cash and cash equivalents at the beginning		998,625			896,791
ofthe year
TOTAL CASH AND CASH EQUIVALENTS AT
THE END OF THE YEAR		750,913		998,625

TAFF COSTS
		2020	2019
		E	E
Wages and salaries		921,530	888,738
Socia I security costs		63,710	68,403
Pension contributions		112,354	83,220
		1,097,594	1,040,361
		No.	No.
The average number ofemployees	in the year:
Teaching		28	28
Administration		8	8

The following number ofemployees	received:
f60,000-f70,000 emoluments
f70,000-f80,000 emoluments.

7	(al EXPENDITURE		Staff	Other	Depreciation	2020	2019
			costs		and loss on
					disposal
					f
	Charitable Expenditure
	School operating costs:
	Teaching costs	1,097,594		67,667		1,165,261	1,102,799
	Premises			101,442	38,492	139,934	157,934
	Support costs			192,043		192,043	217,757
	Governance costs			4,620		4,620	4,410
		1,097,594		365,772	38,492	1,501,858	1,482,900
	Raising Funds
	Finance costs			4,717		4,717	4,676
		1,097,594		370,489	38,492	1,506,575	1,487,576
7	(b) EXPENDITURE - Other	disclosures				2020f	2019 f
	Support costs include:
	Outings					33,509	44,964
	Advertising and printing					34,128	63,648
	Utilities					28,741	31,272
	Insurance					14,555	16,073
	Office expenses					11,145	9,689
	Other expenses					4,113	9,495
	Other legal and professional		costs			62,596	37,255
	Auditor's remuneration:	for other		services		3,256	5,361
						192,043	217,757
	Governance costs include:
	Auditor's remuneration:	for audit				4620	4410

	Freehold	Freehold	Fixtures	Computer		Total
	land	buildings	and fittings	equipment
	E		E	E
Cost
1"September 2019	275,000	781,010	150,258	92,142	1,298,410
Additions		1,998	1,080	12,418		15,496
Disposals			( 11,970)	( 661)	(	12,631)
31"August 2020	275,000	783,008	139,368	103,899		1,301,275
Depreciation 1"September 2019		169,646	127,892	71,755		369,293
Charge for the year		12,216	7,983	18,130		38,329
Released on disposal			( 11,807)	( 661)	(	12,468)
31"August 2020		181,862	124,068	89,224		395,154
Net book value
31"August 2020	275,000	601,146	15,300	14,675		906,121
31"August 2019	275,000	611,364	22,366	20,387		929,117

11	.CREDITORS: amounts	f	alling due within one year
				2020	2019
				f	f
	Trade creditors			37,991	23,257
	Other taxation and social security costs			18,652
	Accruals and deferred		income	75,051	15,566
	Fee deposits (see note 13)			20,000	21,500
	Other creditors			8,159	33,942
				159,853	94,265
12.	CREDITORS: amounts	falling due after more than one year
				2020	2019
				f	f
	Fee deposits (see note		13)	132,500	128,500
13.	DEFERRED INCOME
				2020	2019
				Fee	Fee
	Balance at 1"September			deposits f 150,000	deposits f 131,500
	Amount received during the year			2,500	18,500
	Amount released to the Statement of Financial Activities
	Balance at31"August			152,500	150,000
	Due within one year			20,000	21,500
	Due between two and		five years	80,000	78,500
	Due after more than five years			52,500	50,000
				152,500	150,000