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||||Page|
|---|---|---|---|
|Reference and Administrative||Details ofthe Charity, its Trustees and Advisers||
|Trustees'
Report|||2-9|
|Independent
Auditors'|Report|on the Financial Statements|10 - 13|
|Statement of Financial|Activities||14|
|Balance Sheet|||15-16|
|Statement
ofCash Flows|||17|
|Notes to the Financial|Statements||18-34|
|Trustees|||ES Hames||||
|---|---|---|---|---|---|---|
||||B E Baker||||
||||A Turner,
Chair||||
||||E M Fitzgibbons||||
||||G P Humphries||||
||||A Walford||||
||||0 Newhall|(appointed||22 March 2022)|
||||A Kitley (appointed||29|June 2022)|
||||C Goostrey|(deceased)|||
|.Company|registered||||||
|number|||02485159||||
|Charity registered|||||||
|number|||803481||||
|Registered||office|Burys Court||||
||||Flanchford|Road|||
||||Leigh||||
||||Reigate||||
||||Surrey||||
||||RH2 8RE||||
|Company|secretary and||T L Caveney||||
|Bursar|||||||
|Executive|Head||M Catterson||||
|Independent||auditors|Kreston Reeves LLP||||
||||Chartered|Accountants|||
||||Statutory
Auditor||||
||||Springfield|House|||
||||Springfield|Road|||
||||Horsham||||
||||West Sussex||||
||||RH12 2RG||||
|Bankers|||Barclays Bank Pic||||
||||87/99 High|Street|||
||||Dorking||||
||||Surrey||||
||||RH2 8RE||||
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2022|2022|2022|2021|
|||Note|||||
|Income from:|||||||
|Donations
and legacies||||34,835|34,835|42,470|
|Charitable
activities|- Education||4,597,806||4,597,806|4,035,605|
|Other incoming
resources||||||307,894|
|Total income|||4,597,806|34,835|4,632,641|4,385,969|
|Expenditure
on:|||||||
|Charitable
activities|||3,870,943||3,870,943|3,525,628|
|Total expenditure|||3,870,943||3,870,943|3,525,628|
|Net income/(expenditure)|||726,863|34,835|761,698|860,341|
|Transfers
between|funds|16|34,835|(34,835)|||
|Net movement
in funds|||761,698||761,698|860,341|
|Reconciliation
offunds:|||||||
|Total funds brought|forward||2,049,647||2,049,647|1,189,306|
|Net movement
in funds|||761,698||761,698|860,341|
|Total funds carried|forward||2,811,345||2„811,345|2,049,647|
##
||||||2022||2021|
|---|---|---|---|---|---|---|---|
||||Note|||||
|Fixed assets||||||||
|Intangible
assets|||||4||4|
|Tangible assets|||||3,142,747||2,165,468|
||||||3,142,751||2,165,472|
|Current assets||||||||
|Debtors|||13|1,413,720||1,182,475||
|Cash at bank and|in|hand||1,846,535||1,257,322||
|||||3,260,255||2,439,797||
|Creditors: amounts
year||falling due within one|14|(2,032,434)||(1,968,034)||
|Net current assets|||||1,227,821||471,763|
|Total assets less|current liabilities||||4,370,572||2,637,235|
|Creditors: amounts
than one year||falling due after more|15||(1,559,227)||(587,588)|
|Total net assets|||||2,811,345||2,049,647|
|Charity funds||||||||
|Restricted funds|||16|||||
|Unrestricted
funds|||16||2,811,345||2,049,647|
|Total funds|||||2,811,345||2,049,647|
##
##
|STATEMENT OF CASH FL
FOR THE YEAR ENDED 31|OWS
AUGUST 20|22|||||
|---|---|---|---|---|---|---|
||||||2022|2021|
|||||Note|||
|Cash flows from operating|activities||||||
|Net cash generated
by operating
activities||||18|789,083|946,679|
|Cash flows from investing|activities||||||
|Proceeds from the sale oftangible fixed assets||||||501,263|
|Purchase
oftangible
fixed assets|||||(1,150,618)|(563,422)|
|Net cash used in investing|activities||||(1,150,618)|(62,159)|
|Cash flows from financing|activities||||||
|Cash infiowa from new borrowing|||||1,052,440||
|Repayments
of borrowing|||||(57,950)|(50,107)|
|Loan interest
paid|||||(43,742)|(11,020)|
|Net cash provided
by/(used|in) financing||activities||950,74&|(61,127)|
|Change
in cash and cash equivalents||in|the year||589,213|823,393|
|Cash and cash equivalents|at the beginning||ofthe year||1,257,322|433,929|
|Cash and cash equivalents|at the end|of|the year|19|1,846,535|1,257,322|
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|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2022|2022f|2022f|
|Donations|||34,835|34,835|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||202'i|2021|2021|
|Donations||3,241|30,853|34,094|
|Government|grants|8,376||8,376|
|||11,617|30,853|42,470|
##
##
##
|||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2022|2022|2021|
|Fee|income|-|Education|4,597,806|4,597,806|4,035,605|
##
|||||||Total|Total|
|---|---|---|---|---|---|---|---|
|||||||funds|funds|
|||||||2022f|2021|
|Profit|on|disposal|of|leasehold|property||307,894|
##
|||Unrestricted||
|---|---|---|---|
|||funds|Total|
|||2022f|2022|
|Education||3,870,943|3,870,943|
||Unrestricted|Restricted||
||funds|funds|Total|
||2021|2021|2021|
|Education|3,524,790|838|3,525,628|
##
||||Activities|||
|---|---|---|---|---|---|
||||undertaken|Support|Total|
||||directly|costs|funds|
||||2022|2022|2022|
|Education|||3,721,969|148,974|3,870,943|
||||Activities|||
||||undertaken|Support|Total|
||||directly|costs|funds|
||||2021|2021|2021|
|Education|||3,435,545|90,083|3,525,628|
|Analysis ofdirect costs||||||
|||||Total|Total|
||||Education|funds|funds|
||||2022|2022|2021|
|||||E||
|Staff costs|||2,526,334|2,526,334|2,448,439|
|Depreciation|||162,756|162,756|133,754|
|Other direct costs|||1,032,879|1,032,879|853,352|
||||3,721,969|3,721,969|3,435,545|
|Analysis|of|support costs||||
|||||Total|Total|
||||Education|funds|funds|
||||2022|2022|202'l|
|Finance|||61,939|61,939|14,104|
|Other support costs|||33,962|33,962|63,878|
|Governance||costs|53,073|53,073|12,101|
||||148,974|148,974|90,083|
##
##
##
|services of
Staff costs|F1,250 (20|21 - E4,596)|.|||
|---|---|---|---|---|---|
|||||2022|2021|
|||||F||
|Wages and|salaries|||2,061,894|1,999,178|
|Social security costs||||200,089|182,722|
|Contribution|to defined|contribution|pension schemes|264,351|266,539|
|||||2,526,334|2,448,439|
|The average
number ofpersons
employed
by the|Charity during the year was as follows:||
|---|---|---|
||2022|2021|
||No.|No.|
|Teachers|45|51|
|Administration|33|26|
||78|77|
|2022|2021|
|---|---|
|No.|No.|
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##
||Freehold|Plant and|Computer|Improvements||
|---|---|---|---|---|---|
||property|machinery|equipment|to property|Total|
|Cost or valuation||||||
|At 1 September 2021|1,958,817|128,769|198,739|863,055|3,149,380|
|Additions|906,216|22 277|105,590|116,535|1,150,618|
|Disposals||||(10,800)|(10,800)|
|At 31 August 2022|2,865,033|151,046|304,329|968,790|4,289,198|
|Depreciation||||||
|At 1 September 2021|584,793|85,415|161,361|152,343|983,912|
|Charge for the year|56,005|10,755|49,628|46,367|162,755|
|On disposals||||(216)|(216)|
|At 31 August 2022|640,798|96,170|210,989|198,494|1,146,451|
##
##
|Tangible fixed assets (c|ontinued)|||||||
|---|---|---|---|---|---|---|---|
|||||||Improvemen||
||Freehold||Plant and|Computer||ts to||
||property|f|machinery|equipment|F|property|Totalf|
|Net book value||||||||
|At 31 August 2022|2,224,235||54,876|93,340||770,296|3,142,747|
|At 31August 2021|1,374,024||43,354|37,378||710,712|2,165,468|
##
|Debtors||||
|---|---|---|---|
|||2022|2021|
|Due within one year||||
|Trade debtors||1,344,046|1,131,968|
|Other debtors||4,322|3,216|
|Prepayments|and accrued income|65,352|47,291|
|||1,413,720|1,182,475|
##
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##
|Creditors: Amounts|falling|due|within one year||||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||E||
|Bank loans|||||80,431|59,105|
|Trade creditors|||||102,710|352,146|
|Fee deposits
held|||||16,250|13,000|
|Other taxation
and|social security|||||48,845|
|Other creditors|||||20,713|27,561|
|Accruals|||||253,817|87,371|
|Deferred
income|||||1,558,513|1,380,006|
||||||2,032,434|1,968,034|
|Deferred
income represents||fees|paid for the autumn|term.|||
||||||2022|2021|
|Deferred
income at 1 September|||2021||1,380,006|1,148,993|
|Resources deferred|during|the year|||1,55&,513|1,380,006|
|Amounts
released|from previous||periods||(1,380,006)|(1,148,993)|
|Deferred income at 31August|||2021||1,558,513|1,380,006|
##
|Creditors: Amounts
falling due after|more than one year|||
|---|---|---|---|
|||2022|2021|
|Bank loans||1,473,427|500,263|
|Other creditors||85,800|87,325|
|||1,559,227|587,588|
|Included
within the above are amounts|falling due as follows:|||
|||2022f|2021|
|Between one and two years||||
|Bank loans||82,543|60,206|
|Between two and five years||||
|Bank loans||262,752|187,436|
|Over five years||||
##
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##
||||Balance at 1||||Balance at|
|---|---|---|---|---|---|---|---|
||||September|||Transfers|31August|
||||2021|Income|Expenditure|in/out|2022|
|Unrestricted
funds||||||||
|Designated
funds||||||||
|Moon Hall Junior|School||307,894|||(307,894)||
|General funds||||||||
|General
Fund|||1,741,753|4,597,806|(3,870,943)|342,729|2,811,345|
|Total Unrestricted||funds|2,049,647|4,597,806|(3,870,943)|34,835|2,811,345|
|Restricted funds||||||||
|MUGA||||30,000||(30,000)||
|Other restricted|donations|||4,835||(4,&35)||
|||||34,835||(34,835)||
|Total offunds|||2,049,647|4,632,641|(3,870,943)||2,811,345|
##
##
|Statement offu|nds|-prior y|ear|||||
|---|---|---|---|---|---|---|---|
||||Balance at||||Balance at|
||||1 September|||Transfers|31August|
||||2020|Income|Expenditure|in/out|2021|
|Unrestricted
funds||||||||
|Designated
funds||||||||
|Moon Hall junior school
designated
capital fund|||130,680|||177,214|307,894|
|General funds||||||||
|General
Fund|||1,050,126|4,355,116|(3,524,790)|(138,699)|1,741,753|
|Total Unrestricted||funds|1,180,806|4,355,116|(3,524,790)|38,515|2,049,647|
|Restricted funds||||||||
|MHD Grant|||8,500|||(8,500)||
|MUGA||||30,015||(30,015)||
|Other restricted|donations|||838|(838)|||
||||8,500|30,853|(838)|(38,515)||
|Total offunds|||1,189,306|4,385,969|(3,525,628)||2,049,647|
##
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##
|Analysis|of net assets between
funds -current year|||
|---|---|---|---|
|||Unrestricted|Total|
|||funds|funds|
|||2022|2022|
||||f.|
|Tangible|fixed assets|3,142,747|3,142,747|
|Intangible|fixed assets|4|4|
|Current assets||3,260,255|3,260,255|
|Creditors|due within one year|(2,032,434)|(2,032,434)|
|Creditors|due in more than one year|(1,559,227)|(1,559,227)|
|Total||2,811,345|2,811,345|
|Analysis|of net assets between funds - prior year|||
|---|---|---|---|
|||Unrestricted|Total|
|||funds|funds|
|||2021|2021|
|Tangible|fixed assets|2,165,468|2,165,468|
|Intangible|fixed assets|4|4|
|Current assets||2,439,797|2,439,797|
|Creditors|due within one year|(1,968,034)|(1,968,034)|
|Creditors|due in more than one year|(587,588)|(587,588)|
|||2,049,647|2,049,647|
##
##
|8.|Reconciliation
of ne|t movement|in funds to net cas|h flow from opera|ting
activities||
|---|---|---|---|---|---|---|
||||||2022f|2021|
||Net income for the year (as per Statement of Financial|||Activities)|761,69&|860,341|
||Adjustments
for:||||||
||Depreciation
charges||||162,755|133,622|
||Interest payable||||43,742|11,020|
||Loss/(profit)
on the sale offixed assets||||10,584|(366,510)|
||(Increase)/decrease|in debtors|||(231,245)|(127,938)|
||Increase/(decrease)|in creditors|||41,549|436,144|
||Net cash provided|by operating|activities||789,083|946,679|
|19.|Analysis ofcash and cash equivalents||||||
||||||2022|2021|
||Cash
in hand||||1,846,535|1,257,322|
||Total cash and cash equivalents||||1,846,535|1,257,322|
##
||||At 1||Other non-||
|---|---|---|---|---|---|---|
||||September||cash|At 31|
||||2021|Cash flows|changes|August 2022|
|Cash|at bank and|in hand|1,257,322|589,213||1,846,535|
|Debt|due within
1|year|(59,105)|37,725|(59,051)|(80,431)|
|Debt|due after 1 year||(500,263)|(1,032,215)|59,051|(1,473,427)|
||||697,954|(405,277)||292,677|
##
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|Contracted|for but not provided|in these financial statements|
|---|---|---|
|Acquisition|oftangible
fixed assets||
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|At 31 Aug
cancellable|ust 2022 the Charity
had commitments
to make future
mi
operating
leases as follows:|nimum
lease payments
under
non-|
|---|---|---|
|||2022f|
|Not later than
1 year||82,234|
|Later than|1 year and not later than 5years|103,108|
|Later than|5years|4,836|
|||190,178|
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