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2020-08-31-accounts

Registered number: 02485159 Charity number: 803481

MOON HALL SCHOOLS EDUCATIONAL TRUST

(A Company Limited by Guarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2020

MOON HALL SCHOOLS EDUCATIONAL TRUST

(A Company Limited by Guarantee)

CONTENTS

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1
Trustees' Report 2 - 9
Independent Auditors' Report on the Financial Statements 10 - 13
Statement of Financial Activities 14
Balance Sheet 15 - 16
Statement of Cash Flows 17
Notes to the Financial Statements 18 - 33

MOON HALL SCHOOLS EDUCATIONAL TRUST

(A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2020

Trustees D S Baker
R B Dean (resigned 3 December 2019)
Ms A Wilson (resigned 26 November 2020)
Mrs B E Baker
J Swain
A Turner
E Fitzgibbons (appointed 1 September 2019)
C Goostrey, Chair (appointed 1 September 2019)
G Humphries (appointed 3 December 2019)
A Walford
Company registered
number
02485159
Charity registered
number
803481
Registered office
Burys Court
Flanchford Road
Leigh
Reigate
Surrey
RH2 8RE
Company secretary
T Caveney
Independent auditors
Kreston Reeves LLP
Chartered Accountants
Statutory Auditor
Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG

Page 1

MOON HALL SCHOOLS EDUCATIONAL TRUST

(A Company Limited by Guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2020

The Trustees present their annual report together with the audited financial statements of the Charity for the year 1 September 2019 to 31 August 2020. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Policies and objectives

Moon Hall is a Mainstream Specialist school for Dyslexic children working towards the common goal and vision for an Access to Education for all.

Moon Hall School was originally founded as a school for young dyslexic pupils by Berry Baker at her home in 1985. In 1990, she donated the business and assets to the newly established charitable company which she and her husband, David, had established. At the same time Moon Hall School, the charity, entered into an agreement with Belmont School, a local preparatory school, to take a 125 year lease of a site within Belmont's grounds in Holmbury St Mary, Surrey, to construct a building and to provide staff for the teaching of dyslexic pupils. The school is now known as Moon Hall School Dorking and teaches primary school to Year 6.

In 2005, Moon Hall Schools Educational Trust purchased the freehold property, assets and business of Burys Court School in Leigh near Reigate, Surrey. This school is now known as Moon Hall School Reigate and teaches dyslexic children from Year 3 to Year 11(GCSE).

We aim, through our Junior and Senior Schools, to provide a first class education to boys and girls from the ages of 7 to 16. We seek to provide our pupils with a structured educational environment with specialist support for dyslexia integrated throughout in a way that secures their literacy and numeracy, rebuilds their confidence, and identifies and develops their capabilities, competencies and skills. We promote the academic, moral and physical development of our pupils through our academic curriculum, pastoral care, sporting and other activities. We provide an educational environment where each student can realise his or her potential. This helps them to mature into responsible young adults with the confidence and knowledge they need to complete their secondary education and, in many cases, tertiary education in mainstream establishments. Through their time in our schools, they have gained skills and knowledge to undertake and benefit from the opportunities, responsibilities and experiences of adult life. We also seek to instil in them an understanding of the needs of others and a desire to contribute to the wider community.

Pupils at Moon Hall School located on the premises of Belmont School have all their academic education with Moon Hall but in many other respects are treated as pupils of Belmont, the mainstream prep school. The object has been to try to give the dyslexic pupils the educational tools and confidence to enable them to integrate successfully back into a mainstream school at the end of Year 6 or to enable them to progress to Moon Hall Reigate with continued specialist support up to GCSE.

Moon Hall Schools provide a full curriculum except foreign language. This is enhanced to support our individual pupils with literacy and numeracy. Specialist support is provided in all subjects, thus limiting the amount of disruptive removal from class for one to one tuition. In addition, we provide specialist Speech & Language and Occupational Therapy on site for those of our pupils who need it.

Page 2

MOON HALL SCHOOLS EDUCATIONAL TRUST

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020

Objectives and activities (continued)

The Trust sets high standards for its teachers and expectations for its pupils. An important part of our ethos is that we are a small family school in which all pupils are known to all teaching and support staff. We place great emphasis on the pastoral care and support provided for each of our pupils as we help them mature and learn to take increasing responsibility.

In setting our objectives and planning our activities our Governors have given careful consideration to the Charity Commission's general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education and on fee-charging.

The public benefit activities of the Moon Hall Schools Educational Trust consist primarily of the provision of education with expert support for children whose problems with literacy and/or numeracy are such that they have not been or are unlikely to be catered for adequately by the public sector or elsewhere in the private sector. These activities are funded by payments made by parents from their own resources, by local education authorities or from the Trust's own funds by way of bursaries.

The Trust admits dyslexic pupils who are placed with its schools by a local education authority and who meet the other entrance criteria as to their educational needs and behavioural conduct. In the year under report, Moon Hall Schools Educational Trust provided several bursary grants to families that would otherwise not be able to afford full fees.

Our key objectives include:

Specialist Teachers

Small class sizes

Pupil Outcomes

Pupil Wellbeing

b. Strategies for achieving objectives

Our Governors are responsible for setting a strategy for achieving the objectives they have set.

The focus of our strategy is on helping as many dyslexic (and some other) children as we can who have failed to achieve their potential in mainstream education.

Page 3

MOON HALL SCHOOLS EDUCATIONAL TRUST

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020

Objectives and activities (continued)

c. Activities undertaken to achieve objectives

In taking forward our strategy we:

We provide caring schools which serve our local community and society. We provide a significant benefit to the public through the pursuit of our stated aims. Our fees are set at a level that seeks to ensure the financial viability of the Schools consistent with our aim of providing a first class specialist education to boys and girls at an affordable cost. We are confident that our fee levels are not more costly, when all elements of the provision are taken into account, than the provision of similar education would cost the state to provide in its own establishments were it to decide to do so. As it is, there is no state institution that we are aware of which replicates what we provide. Our schools welcome pupils from all backgrounds. To admit a prospective pupil we need to be satisfied that he or she needs the specialist support which our Schools can provide and that we will be able to educate and develop them to the best of their potential and in line with the general standards achieved by their peers. Entrance interviews and assessments are undertaken to satisfy ourselves and parents that potential pupils have the relevant needs and can cope with the pace of learning and benefit from the education we provide. An individual's economic status, gender, ethnicity, race, religion or disability do not form part of our assessment processes.

We are an equal opportunity organisation and are committed to a working environment that is free from any form of discrimination on the grounds of colour, race, ethnicity, religion, age, sex, sexual orientation or disability. We will make reasonable adjustments to meet the needs of staff or pupils who are or become disabled.

We are committed to safeguarding and promoting the welfare of our pupils and expect all staff and volunteers to share this commitment. Parents are given regular information about their children's social and academic progress through parent evenings in addition to the traditional end of term and year reports. We maintain regular contact with parents throughout the year through informal contacts, our parent email and texting systems and through our newsletter. We have active School Councils with pupil representatives from each class and active Parents' Associations.

d. Access policy

It is important to us that access to the education we offer is not restricted to those who can afford our fees. Our pupils benefit from learning within a diverse community. A great deal of learning occurs through social interaction, conversation and shared experiences which helps our pupils develop an understanding of the perspectives of other people that will be vital in their adult lives.

Our Bursary Policy, together with our Local Education Authority placed pupils, ensure a wide access to the education we offer and the facilities we enjoy. We admit pupils funded by not only our own Local Education Authority but from a number of surrounding ones because of the wide catchment area we have. Our School is a part of a wider community and we are keen that our staff and pupils participate.

Page 4

MOON HALL SCHOOLS EDUCATIONAL TRUST

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020

Objectives and activities (continued)

e. Bursary policy

The Governors view our Bursary awards as important in helping to ensure children from families who would otherwise not be able to afford the fees can access the education we offer and who for one reason or another may not have been able to obtain support from the Local Education Authority. Our Bursary awards are available to all who meet our general entry requirements and are made solely on the basis of family means or to relieve hardship where a pupil's education and future prospects would otherwise be at risk, for example in the case of redundancy. In assessing means we take a number of factors into consideration including family income, investments and savings and family circumstances, for example dependant relatives and the number of siblings. However, our School does not have any endowment and in funding our awards we have to be mindful that we must ensure a balance between fee-paying parents, many of whom make considerable personal sacrifices to fund their child's education and would not be resorting to the independent sector but for their child's special educational needs, and those benefiting from the awards. Information about fee assistance through Bursaries is available to all applying to the School. Further details of our Bursary policy and how to apply are available on our website.

f. Assistance for our staff

As part of our emphasis on attracting and retaining high calibre staff, we offer a discount scheme where full time staff members choose to educate their children at our School.

Achievements and performance

a. Review of activities

The 19/20 academic year has been dominated by Covid 19. Moon Hall moved to remote Teaching very successfully during the initial lockdown. We had already invested in Office 365 to ensure that our pupils had the very best of services to support them. We also significantly invested in staff training by our IT department to ensure that all staff were proficient in delivering lessons remotely. In addition to this, we also invested in numerous IT resources to make the delivery more successful e.g. webcams, laptops and headsets.

Covid preparations around the school have been extensive and we have had no cases of in school transmission during Autumn term 2020. We have had a partial closure for 3 days, to allow the school to be deep cleaned and close contact analysis to take place. A phased return of pupils resumed after day 3. Covid procedures were praised by the visiting Ofsted inspector in Sept 2020 and documented in their report findings.

Costs with regards to Covid have had an implication on budgets, not only in terms of resources, but also for hygiene consumables to keep the schools clean and safe but also in additional supply teachers costs in order to cover those self isolating.

b. Future plans

The Governors regularly review and adapt their strategies to a changing and competitive market. While other specialist dyslexia schools provide a broader offering to include a range of other special educational needs, the key to the success at Moon Hall for its dyslexic children has been the focus of attention on their specific needs and talents without distractions. Moon Hall continues to be a proactive and forward looking specialist school.

c. Future planned developments

Page 5

MOON HALL SCHOOLS EDUCATIONAL TRUST

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a forseeable expectation that the School has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Review of financial results

The financial statements that follow this report show the current state of the finances which the Governors consider to be sound and have been prepared in accordance with the special exemptions of Part 15 of the Companies Act 2006 relating to small companies.

Fees paid for the pupils' education make up the most substantial part of the Charity's income and reflect the development of the Trust's schools.

The result for the year is a surplus of £375,428 (2019: deficit of £56,252). This includes donations totalling £686 (2019: £33,878). It also includes notional expenditure of £106,676 (2019: £104,208) as depreciation of buildings, plant and equipment.

c. Reserves policy

The Govenors' current view on the adequacy of the funds

Total funds at the balance sheet date were £1,189,603 (2019: £813,878). Of these £8,500 (2019: £123,456) were held as restricted funds and £130,680 (2019: £nil) as designated funds. Included within total funds is £1,870,421 (2019: £1,869,909) of tangible fixed assets. Free reserves are calculated as unrestricted funds less amounts tied up in fixed assets. At the balance sheet date free reserves are £nil (2019: £nil). This illustrates the extent of the investment in the fixed assets of the Charity, as is common practice by independent schools which have to finance their own capital investment plans.

The General Fund (£1,050,126) represents part of the surpluses achieved since the establishment of the charity in March 1990. The Trust has net current asset deficit of £48,903, increased from £482,471 in the prior year.

The overall intention of the Governors is to maintain funds, both restricted and unrestricted, which they consider adequate to ensure the successful operation of the schools and this is reviewed regularly. Although net current assets show a deficit and the restructuring that has taken place in 2018-2019 has incurred one off costs, the revised business plan which is based on realistic and conservative growth, expected to return the Trust to profitability in 2020, which has been seen from the surplus generated in 2020.

The Trust's long term debt has decreased substantially over past years. Since the purchase in 2005, total borrowings of £1,529,525 have been reduced to £609,475. During the same period over £549,071 has been spent on improvements to the freehold property but the Governors' policy on depreciating the freehold asset has resulted in a reduction in its book value over that time totalling over £545,617 which has been charged as an expense. The actual freehold value is significantly in excess of its written down value.

The Governors consider that given the relative strength of the charity's assets, and the return to an increasing cash flow from an expanding student roll, the negative balance in reserves is acceptable for the short period while the new business plan takes effect. In the meantime effective steps are being taken to reduce the outstanding amount of debtors.

Page 6

MOON HALL SCHOOLS EDUCATIONAL TRUST

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020

Financial review (continued)

Restricted and Unrestricted Funds

The accounts make reference to General Funds (unrestricted), Designated Funds (unrestricted) and Restricted Funds. Restricted funds are funds held for specific purposes within the objects of the charity. Designated funds (unrestricted) are unrestricted funds which have been allocated by the Governors for particular purposes. Unrestricted funds are funds held for the general purposes of the charity and for spending at the discretion of the governors.

The designated Moon Hall junior school capital fund (£130,680) represents donations received which funded the construction of the Moon Hall School building at Holmbury St Mary. It is reducing in line with depreciation on that property.

Belmont School (Feldemore) Educational Trust Limited

By an agreement dated 3rd July 1990 Moon Hall Schools Educational Trust took a 125 year lease of a site within the grounds of Belmont School for a consideration amounting to £12,500. The Trust erected a building on this leased site to house a specialised unit for the education of dyslexic children. An annual peppercorn rent is payable for the occupation of this land, and Moon Hall School collects a proportion of its fees on behalf of Belmont for teaching and other facilities shared by Moon Hall and Belmont pupils and staff.

d. Investments policy

There are no restrictions on the Trust's absolute powers of investment. The Board's policy continues to be to put any retained funds on short term bank deposit.

Structure, governance and management

a. Constitution

The charity is controlled by its Memorandum and Articles of Association. The Governors are the Trustees and the Directors of the Charitable Company.

Moon Hall Schools Educational Trust was incorporated as Moon Hall School on 26th March 1990 under registered company number 2485159, a company limited by guarantee. It changed its name to Moon Hall Schools Educational Trust on 1st June 2006. It is a registered Charity with registered number 803481. The School is governed by its Memorandum and Articles of Association. The liability of the members is limited to £1 in the event of the company being wound up whilst they are members or within one year after they cease to be members. Its primary object is the education of children and in particular dyslexic children.

Moon Hall Schools Educational Trust operates two schools in Surrey: Moon Hall School Dorking at Holmbury St Mary and Moon Hall School Reigate at Leigh. There are currently about 169 pupils in the two schools.

Page 7

MOON HALL SCHOOLS EDUCATIONAL TRUST

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020

Structure, governance and management (continued)

b. Organisational structure and decision-making policies

For the period under report, Mrs Michelle Catterson was Head of Moon Hall Reigate and the Executive Head. Ms Donna Edmonds was Head of Moon Hall Dorking from September 2019, until being suceeded by Mrs Sarah George in January 2020. The day to day running of the schools is the responsibility of the Executive Head assisted by the Bursar and their Senior Management Teams. The following Governors' sub-committees report to the Board: Finance & HR, General Purposes, Academic and Premises (including Health & Safety). The Executive Head of both schools attends sub-committee meetings, together with the Bursar and Governors as appropriate.

The Bursar is appointed by the Governors to manage its finances and reports to the Chairman of the Board with the chair of the Finance Committee and provides financial services and support to the Head of each school. The Board of Governors meets at least once each term and the sub-committees meet more frequently as necessary.

c. Policies adopted for the induction and training of Trustees

Currently the Governors comprise all of the Charity's Members. Governors are appointed who have a special interest in helping dyslexic children and who have both time and relevant skills and abilities to help the Charity develop its objectives. New appointments are generally made of people who have already had some involvement with the Charity's schools and have demonstrated their ability to contribute. Potential Governors are approached by existing Trustees and asked if they are willing to assist the trust. The minimum number of Governors is 4 and the maximum number is 10. New Governors are provided with a full briefing and a set of the relevant documents by the Chairman. The Charity subscribes to associations which can provide training for Trustees and Governors are encouraged to attend courses on Trustee and Governor training to enable them to keep abreast of current best practice. All Governors are required to undertake regular safeguarding training.

d. Pay policy for key management personnel

The Governors consider that they, together with the head teachers, executive head, deputy head, assistant heads, the bursar, operations manager, premises & transport manager and head's PA & HR comprise the Key Management Personnel (see note 8 to the accounts). The Governors give their time freely and the pay remuneration of the senior staff is set by the Governors HR committee.

e. Financial risk management

The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The Board keeps the schools' activities under review, particularly with regard to any major risks that may arise from time to time, and monitors the effectiveness of the system of internal controls and other viable means, including insurance cover where appropriate, by which those risks already identified by the Governors can best be mitigated.

Plans for future periods

The Trust's vision is to provide education to at least GCSE level that is focused and tailor made to the needs and talents of the individual pupil and to do so for as many pupils as possible who can benefit from the provision.

Page 8

MOON HALL SCHOOLS EDUCAnoNAL TRUST IA C¢)mpany Llmltod by Guarnnto01 TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2020 Statèmènt of Trustees. r8sponslbllltl•s The Trustee5 {who are also the directors of the Charity for the purposes of company lawl are reswnsible for preparing the Trustees, Report and the financial statements in aC￿rdance with applieablg law and Unrted Kingdom Accounting Standards (United Kingdom Ganeralty Accepted Accounting Practice). cc￿PanY law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees musl not approve the financial slalements unless thoy are &*isfied that they give a true and fair of the State of affairs of th8 Charity and of its incoming resources and appI￿allon of resources, including r income and expenditure, for that period. In preparing these financial statements, the Trustees are required lo.. select suitable accounting polic￿$ and then apply them con81Stenlty; observe the melh¢)ds and principles of the Charrties SORP IFRS 1021., make judgments and accounting estimates that are reasonable and prudent,. stale whether applicable UK Accounting Standards IFRS 1021 have been followed. subj'ecl lo any material departures disdosed and explained in the financial statements.. prepare the financial statements on the going concern basi8 unths it is inapproprÈate to presume that the Charity will continue in business. The Tnjstees are responsible for keeping adequate accounting records that are sufficient lo show and explain the Chartys Iransaction5 and disclose with reasonablo accuracy at any time the financial position of the Charty and enable them to ensure that the financial statements comply with the Companies Act 2006. They are abo responsible for safeguarding the assets of the Charty and hence for taking reasonable steps for the preventK)n and detection of fraud and other irregularrties. Disclosurn of Infomiation to •udltors Each of the Pe￿on$ who are Trustees at the time when this Trustees. Report is approved has confimied that.. 80 far as that Trustee is aware, there 15 no relevant audit inforynation of which the charit¢s audrtors are unaware. and that Trustee has tsken all the steps that ought lo have been taken as a Trustee in order lo be aware of any re￿vant audit infomialion and to establish that th8 charitys auditors are aware of that information. Audltors The auditors. Kreston Reeves LLP, have indicated their willingness lo continue in Off￿8. The designatgd Trustees will propose a motion reappointing the auditors at a mgeting of the Trustees. Approved by order of the members of the board of Trustees and signed on their beha￿ by.. C Goostrey Ichair of Trustees) Dale.. Pagg 9

MOON HALL SCHOOLS EDUCATIONAL TRUST

(A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MOON HALL SCHOOLS EDUCATIONAL TRUST

Opinion

We have audited the financial statements of Moon Hall Schools Educational Trust (the 'charitable company') for the year ended 31 August 2020 set out on pages 14 to 33. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

Page 10

MOON HALL SCHOOLS EDUCATIONAL TRUST

(A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MOON HALL SCHOOLS EDUCATIONAL TRUST (CONTINUED)

Other information

The Trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Auditors' Report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees' Responsibilities Statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 11

MOON HALL SCHOOLS EDUCATIONAL TRUST

(A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MOON HALL SCHOOLS EDUCATIONAL TRUST (CONTINUED)

Auditors' responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Page 12

MOON HALL SCHOOLS EDUCATIONAL TRUST

(A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MOON HALL SCHOOLS EDUCATIONAL TRUST (CONTINUED)

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Kreston Reeves LLP

Chartered Accountants Statutory Auditor Horsham

Date: 24 March 2021

Kreston Reeves LLP are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

Page 13

MOON HALL SCHOOLS EDUCATIONAL TRUST

(A Company Limited by Guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2020

Note
Income from:
Donations and legacies
3
Charitable activities - Education
4
Total income
Expenditure on:
Charitable activities
5
Total expenditure
Net income/(expenditure)
Transfers between funds
17
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2020
£
89,256
3,423,102
3,512,358
3,128,130
3,128,130
384,228
106,156
490,384
690,422
490,384
1,180,806		 Restricted
funds
2020
£
-
-
-
8,800
8,800
(8,800)
(106,156)
(114,956)
123,456
(114,956)
8,500		 Total
funds
2020
£
89,256
3,423,102
3,512,358
3,136,930
3,136,930
375,428
-
375,428
813,878
375,428
1,189,306		 Total
funds
2019
£
33,878
3,381,065
3,414,943
3,471,195
3,471,195
(56,252)
-
(56,252)
870,130
(56,252)
813,878

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 18 to 33 form part of these financial statements.

Page 14

MOON HALL SCHOOLS EDUCATIONAL TRUST (A Company Limited by Guarantee) REGISTERED NUMBER: 02485159

BALANCE SHEET AS AT 31 AUGUST 2020

Note
Fixed assets
Intangible assets
10
Tangible assets
11
Current assets
Debtors
12
Cash at bank and in hand
20
Creditors: amounts falling due within one
year
13
Net current liabilities
Total assets less current liabilities
Creditors: amounts falling due after more
than one year
14
Total net assets
Charity funds
Restricted funds
17
Unrestricted funds
17
Total funds		 1,054,537
433,929
1,488,466
(1,537,369)		 2020
£
4
1,870,421
1,870,425
(48,903)
1,821,522
(632,216)
1,189,306
8,500
1,180,806
1,189,306		 840,928
117,979
958,907
(1,383,828)		 As restated
2019
£
4
1,869,909
1,869,913
(424,921)
1,444,992
(631,114)
813,878
123,456
690,422
813,878

Page 15

MOON HALL SCHOOLS EDUCATIONAL TRUST IA Company Llmited by Guarantee) REGISTERED NUMBER: 02485159 BALANCE SHEET ICONTINUEDI AS AT 31 AUGUST 2020 The ontity was entitled lo exemption from audrt under sedion 477 of the Companies Act 2006. The members have not fequired the enlty to obtain an audit for the year in question in accordanee with section 476 of the Companies Act 2006. However, an aLbdit is required in accordance with section 144 of the Charities Act 2011. The Trustees ackncmledge their responsibilities for Complying with the requirements of the Act with respect to accounting records and preparation of financial stslements. The financial Ststemenls have been prepared in accordance with the provisions applicable lo entities Subject to the small companies regime. The financial statements were approved and authorised for iSSLte by the Trustees and signed on their behaw by.. C Goostrey (Chair of Trustees) Date.. The notes on pages 18 to 33 form part of these financial slalgments. Page 16

MOON HALL SCHOOLS EDUCATIONAL TRUST

(A Company Limited by Guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2020

Note
Cash flows from operating activities
Net cash generated by operating activities
19
Cash flows from investing activities
Proceeds from the sale of tangible fixed assets
Purchase of tangible fixed assets
Net cash used in investing activities
Cash flows from financing activities
Repayments of borrowing
Loan interest paid
Net cash used in financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
20		 2020
£
470,057
1,789
(109,368)
(107,579)
(31,982)
(14,546)
(46,528)
315,950
117,979
433,929		 2019
£
236,714
4,500
(43,259)
(38,759)
(50,323)
-
(50,323)
147,632
(29,653)
117,979

The notes on pages 18 to 33 form part of these financial statements

Page 17

MOON HALL SCHOOLS EDUCATIONAL TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

1. General information

Moon Hall Schools Educational Trust is a charitable company limited by guarantee and an exempt charity incorporated in England and Wales. The registered office is Burys Court Flanchford Road, Leigh, Reigate, Surrey, RH2 8RE. The principal activity of the Trust is to provide an education for pupils that satisfies the requirements of the Education Act 2002.

The presentation currency is £ sterling. The figures in the financial statements have been rounded to the nearest £1.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Moon Hall Schools Educational Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.2 Going concern

Having reviewed the funding facilities available to the school together with the expected ongoing demand for places and the school's projected cash flows, the Governors have a reasonable expectation that the school has adequate resources to continue its activities for the forseeable future and consider that there were no material uncertainties over the school's financial viability. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

These considerations take into account the impact of Covid-19 and the Trustees have concluded that it is appropriate to continue to adopt the going concern basis in preparing the financial statements as outlined in the Statement of Trustees' Responsibilities.

2.3 Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Income from charitable activities includes school fees receivable, registration fees and fees from ancillary activities. School fees consists of charges billed for the school year ending 31 August, less bursaries and discounts. Fees received for education to be provided in future years are carried forward as deferred income. Registration fees are non-refundable fees which are recognised once parents/guardians have committed for the child to attend the school. Income from ancillary activities is generated from additional activities offered to pupils in the school year ending 31 August.

Page 18

MOON HALL SCHOOLS EDUCATIONAL TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

2. Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.

2.5 Government grants

Government grants are credited to the Statement of Financial Activities as the related expenditure is incurred.

2.6 Taxation

The charity is exempt from corporation tax on its charitable activities. Irrecoverable VAT is included in costs.

2.7 Intangible assets and amortisation

Included in the purchase price of Burys Court School was £7 for intangible assets comprising £1 for each of the following; goodwill, stocks, deposits, benefit of the contracts, intellectual property rights, the option and pre-emption rights in respect of the Stable Block. The goodwill, stocks and deposits have been written off.

Intangible assets are initially recognised at cost. At each reporting date the charity assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined to be the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

2.8 Tangible fixed assets and depreciation

Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. The assets are reviewed annually for impairment.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following bases:

Freehold property - 2% on cost Long-term leasehold property - 2% on cost - Plant and machinery 4-10 years - Computer equipment over 4 years - Improvements to property 2% on cost and straight line over 15 years

Page 19

MOON HALL SCHOOLS EDUCATIONAL TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

2. Accounting policies (continued)

2.9 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.10 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.11 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

2.12 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

2.13 Operating leases

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the lease term.

2.14 Pensions

The company makes contributions on behalf of employees who have elected to join the Teacher's Pension Defined Benefits Scheme at rates set by the Scheme Actuary. The Scheme is a multiemployer pension scheme and it is not possible to identify the assets and liabilities of the Scheme which are attributable to the Company. The scheme is a defined contribution scheme and contributions are accounted for when advised as due by the Scheme Administrator.

All other eligible employees are enrolled in Nest under the auto-enrolment regulations or have other personal pension providers. All contributions are included in pension costs.

2.15 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Page 20

MOON HALL SCHOOLS EDUCATIONAL TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

2. Accounting policies (continued)

2.15 Fund accounting (continued)

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

3. Income from donations and legacies

Unrestricted
funds
2020
£
Donations
686
Government grants
88,570
89,256
Unrestricted
funds
2019
£
Donations
(6,755)
Income from charitable activities
Unrestricted
funds
2020
£
Fee income - Education
3,423,102		 Restricted
funds
2020
£
-
-
-
Restricted
funds
2019
£
40,633
Total
funds
2020
£
3,423,102		 Total
funds
2020
£
686
88,570
89,256
Total
funds
2019
£
33,878
Total
funds
2019
£
3,381,065

4. Income from charitable activities

All income from charitable activities in 2019 was unrestricted.

Deducted from fee income are bursaries paid totalling £27,115 (2019 - £63,320). A total of 4 pupils (2019 - 8 pupils) were supported in the year.

Page 21

MOON HALL SCHOOLS EDUCATIONAL TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

5. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted
funds
2020
£
Education
3,128,130
Unrestricted
funds
2019
£
Education
3,464,585
6.
Analysis of expenditure by activities
Activities
undertaken
directly
2020
£
Education
3,041,266
Activities
undertaken
directly
2019
£
Education
3,339,409		 Restricted
funds
2020
£
8,800
Restricted
funds
2019
£
6,610
Support
costs
2020
£
95,664
Support
costs
2019
£
131,786		 Total
funds
2020
£
3,136,930
Total
funds
2019
£
3,471,195
Total
funds
2020
£
3,136,930
Total
funds
2019
£
3,471,195

Page 22

MOON HALL SCHOOLS EDUCATIONAL TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

6. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
Depreciation
Other direct costs		 Education
2020
£
2,042,913
106,676
891,677
3,041,266		 Total
funds
2020
£
2,042,913
106,676
891,677
3,041,266		 Total
funds
2019
£
2,278,090
104,208
957,111
3,339,409

Analysis of support costs

Finance
Governance costs		 Education
2020
£
17,631
78,033
95,664		 Total
funds
2020
£
17,631
78,033
95,664		 Total
funds
2019
£
20,695
111,091
131,786

7. Auditors' remuneration

The auditors' remuneration amounts to an auditor fee of £14,400 ( 2019 - £21,824 ) , and non-audit services of £4,200 (2019 - £13,247).

8. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2020
£
1,667,734
150,173
225,006
2,042,913		 2019
£
1,937,493
149,722
190,875
2,278,090

During the year there were redundancy and termination payments totalling £11,587 (2019 - £nil).

Page 23

MOON HALL SCHOOLS EDUCATIONAL TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

8. Staff costs (continued)

The average number of persons employed by the Charity during the year was as follows:

Teachers
Administration		 2020
No.
46
21
67		 2019
No.
49
16
65

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2020 2019
No. No.
In the band £60,001 - £70,000 1 1
In the band £70,001 - £80,000 - 1
In the band £80,001 - £90,000
1 -

During the year pension contributions of £17,760 were made in respect of higher paid employees.

The key management personnel of the Trust comprise of the head teachers, executive head, deputy head, assistant heads, the bursar, operations manager, premises & transport manager and head's PA & HR. The total amount of employee benefits (including employer pension contributions and employer national insurance contributions) received by key management personnel for their services to the Trust was £543,904.

9. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2019 - £NIL).

During the year ended 31 August 2020, no Trustee expenses have been incurred (2019 - £NIL).

Page 24

MOON HALL SCHOOLS EDUCATIONAL TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

10. Intangible assets

Cost
At 1 September 2019 and 31 August 2020
Amortisation
At 1 September 2019 and 31 August 2020
Net book value
At 31 August 2019 and 31 August 2020		 Other
intangible
assets
£
7
3
4

11. Tangible fixed assets

Cost or valuation
At 1 September
2019
Additions
Disposals
At 31 August 2020
Depreciation
At 1 September
2019
Charge for the year
On disposals
At 31 August 2020
Net book value
At 31 August 2020
At 31 August 2019		 Freehold
property
£
1,759,038
-
-
1,759,038
510,437
35,180
-
545,617
1,213,421
1,248,601		 Long-term
leasehold
property
£
297,954
-
-
297,954
160,665
6,610
-
167,275
130,679
137,289		 Plant and
machinery
£
106,668
14,623
-
121,291
100,704
6,213
-
106,917
14,374
5,964		 Computer
equipment
£
403,212
47,803
(10,900)
440,115
330,775
41,421
(8,720)
363,476
76,639
72,437		 Improvements
to property
£
502,129
46,942
-
549,071
96,511
17,252
-
113,763
435,308
405,618		 Total
£
3,069,001
109,368
(10,900)
3,167,469
1,199,092
106,676
(8,720)
1,297,048
1,870,421
1,869,909

Page 25

MOON HALL SCHOOLS EDUCATIONAL TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

12. Debtors

Due within one year
Trade debtors
Other debtors
Prepayments and accrued income		 2020
£
1,024,575
4,229
25,733
1,054,537		 2019
£
805,267
18,025
17,636
840,928

13. Creditors: Amounts falling due within one year

Bank loans
Trade creditors
Fee deposits held
Other taxation and social security
Other creditors
Accruals
Deferred income		 2020
£
57,434
89,530
15,950
44,751
55,274
125,437
1,148,993
1,537,369		 As restated
2019
£
67,893
182,614
33,680
34,928
29,068
47,462
988,183
1,383,828

Deferred income represents fees paid for the autumn term.

Deferred income at 1 September 2019
Resources deferred during the year
Amounts released from previous periods
Deferred income at 31 August 2020		 2020
£
998,183
1,148,993
(998,183)
1,148,993		 2019
£
1,070,115
998,183
(1,070,115)
998,183

Page 26

MOON HALL SCHOOLS EDUCATIONAL TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

14. Creditors: Amounts falling due after more than one year

Bank loans
Fee deposits held
Included within the above are amounts falling due as follows:
Between one and two years
Bank loans
Between two and five years
Bank loans
Over five years
Bank loans		 2020
£
552,041
80,175
632,216
2020
£
59,277
184,550
308,214		 As restated
2019
£
573,564
57,550
631,114
2019
£
67,893
203,680
301,991

The bank loan relates to a mortgage held by Barclays Bank PLC up to a maximum of £1,279,525. The drawdown of the loan was £769,525 in April 2005, £340,000 in April 2006 and £170,000 in April 2007. The loan is fully repayable 25 years from April 2005 consisting of monthly repayments from May 2007. Interest iis charged on the loan at 1.75% over the Barclays Base Rate every quarter.

D.S. and B. Baker hold by assignment a legal charge of the property known as Burys Court School, Flanchford Road, Leigh, Reigate, Surrey, RH2 8RE granted originally to Messrs D. and P. White to secure the balance of the purchase price of Burys Court.

Page 27

MOON HALL SCHOOLS EDUCATIONAL TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

15. Financial instruments

Financial assets
Financial assets measured at fair value through income and expenditure
Financial liabilities
Other financial liabilities measured at fair value through income and
expenditure		 2020
£
1,026,342
2020
£
1,020,592		 2019
£
823,276
2019
£
1,026,759

Financial assets measured at fair value through income and expenditure comprise trade and other debtors.

Other financial liabilities measured at fair value through income and expenditure comprise trade and other creditors, taxes and social security payable, fee deposits held, accruals and bank loans.

16. Prior year adjustments

A prior year adjustment has been made to reclassify a proportion of fee deposits held into creditors falling due after more than one year. The impact of the prior year adjustment has been to increase creditors falling due after more than one year, and decrease creditors falling due within one year, by £57,550. There has been no impact on the Statement of Financial Activities.

Page 28

MOON HALL SCHOOLS EDUCATIONAL TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

17. Statement of funds

Statement of funds - current year

Unrestricted funds
Designated funds
Moon Hall junior school
designated capital fund
General funds
General Fund
Total Unrestricted funds
Restricted funds
MHD Grant
MHD IT
Other purposes
Tangible fixed assets
Total of funds		 Balance at 1
September
2019
£
-
690,422
690,422
11,157
1,500
686
110,113
123,456
813,878		 Income
£
-
3,512,358
3,512,358
-
-
-
-
-
3,512,358		 Expenditure
£
-
(3,128,130)
(3,128,130)
(1,016)
(488)
(686)
(6,610)
(8,800)
(3,136,930)		 Transfers
in/out
£
130,680
(24,524)
106,156
(1,641)
(1,012)
-
(103,503)
(106,156)
-		 Balance at
31 August
2020
£
130,680
1,050,126
1,180,806
8,500
-
-
-
8,500
1,189,306

MHD Grant fund represents funds received for the purchase of IT and gym equipment. MHD IT fund represents funds donated to Moon Hall Dorking which were used to purchase IT equipment. Other purposes fund represents funds received which were used to purchase SEN resources.

The Moon Hall junior school designated capital fund represents donations received which funded the construction of the Moon Hall School building at Holmbury St Mary. This fund was reclassified during the year as a designated fund. The fund is held in line with the net book value of that property.

Page 29

MOON HALL SCHOOLS EDUCATIONAL TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

17. Statement of funds (continued) Statement of funds - prior year

Unrestricted funds
General Fund
Restricted funds
MHD Grant
MHD IT
Other purposes
Tangible fixed assets
School Banners
Sensory Room
Total of funds		 Balance at
1 September
2018
£
742,112
-
10,000
1,295
116,723
-
-
128,018
870,130		 Income
£
3,374,310
40,001
-
-
-
432
200
40,633
3,414,943		 Expenditure
£
(3,426,000)
(28,844)
(8,500)
(609)
(6,610)
(432)
(200)
(45,195)
(3,471,195)		 Balance at
31 August
2019
£
690,422
11,157
1,500
686
110,113
-
-
123,456
813,878

Page 30

MOON HALL SCHOOLS EDUCATIONAL TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

18. Analysis of net assets between funds

Analysis of net assets between funds - current period

Unrestricted
funds
2020
£
Tangible fixed assets
1,870,421
Intangible fixed assets
4
Current assets
1,479,966
Creditors due within one year
(1,537,369)
Creditors due in more than one year
(632,216)
Total
1,180,806		 Restricted
funds
2020
£
-
-
8,500
-
-
8,500		 Total
funds
2020
£
1,870,421
4
1,488,466
(1,537,369)
(632,216)
1,189,306

Analysis of net assets between funds - prior period

Tangible fixed assets
Intangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
Total		 Unrestricted
funds
2019
£
1,759,796
4
945,564
(1,383,828)
(631,114)
690,422		 Restricted
funds
2019
£
110,113
-
13,343
-
-
123,456		 Total
funds
2019
£
1,869,909
4
958,907
(1,383,828)
(631,114)
813,878

Page 31

MOON HALL SCHOOLS EDUCATIONAL TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

19. Reconciliation of net movement in funds to net cash flow from operating activities

Net income/expenditure for the period (as per Statement
Activities)
Adjustments for:
Depreciation charges
Interest payable
Loss on the sale of fixed assets
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by operating activities
20.
Analysis of cash and cash equivalents
Cash in hand
Total cash and cash equivalents
21.
Analysis of changes in net debt
At 1
September
2019
£
Cash at bank and in hand
117,979
Debt due within 1 year
(67,893)
Debt due after 1 year
(573,564)
(523,478)		 of Financial
Cash flows
£
315,950
31,982
-
347,932		 2020
2019
£
£
375,428
(56,252)
106,676
101,971
13,685
16,827
391
2,237
(213,609)
227,251
187,486
(38,493)
470,057
253,541
2020
2019
£
£
433,929
117,979
433,929
117,979
Other non-
cash
changes
At 31
August 2020
£
£
-
433,929
(21,523)
(57,434)
21,523
(552,041)
-
(175,546)

Page 32

MOON HALL SCHOOLS EDUCATIONAL TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

22. Pension commitments

Defined contribution pension scheme

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension charge for the year includes contributions payable of £19,385 to the scheme. At the balance sheet date contributions of £18,267 were due to the scheme and are included within other creditors.

Teachers' pension scheme

The charity participates in the Teachers' Pension Scheme (England and Wales) (the TPS) for its teaching staff. The TPS is an unfunded multi-employer defined benefits pension scheme governed by the Teachers' Pensions Regulations 2010 and, from 1 April 2014, the Teachers' Pension Scheme Regulations 2014. Members contribute on a "pay as you go" basis with contributions from members and the employer being credited to the Exchequer. Retirement and other pension benefits are paid by public funds provided by Parliament.

The employer contribution rate is set following scheme valuations undertaken by the Government Actuary Department. The contribution rate for the academic year 2019/20 was 23.68% (2018/19 16.48%).

The pension charge for the year includes contributions payable of £221,047 to the scheme. At the balance sheet date contributions of £25,666 were due to the scheme and are included within other creditors.

23. Operating lease commitments

At 31 August 2020 the Charity had commitments to make future minimum lease payments under noncancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 2020
£
59,549
79,936
139,485

Operating lease payments totalling £52,026 (2019 - £53,812) have been recognised as an expense in the Statement of Financial Activities.

24. Members' liability

Each member of the charitable company undertakes to contribute to the assets of the company in the event of it being wound up while they are a member, or within one year after they cease to be a member, such amount as may be required, not exceeding £1 for the debts and liabilities contracted before they cease to be a member.

25. Related party transactions

The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 31 August 2020.

Page 33