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2022-08-31-accounts

Page
Company
Information
Report ofthe Governors
(including		 Strategic Report)
Report ofthe Independent
Auditors		 15
Statement ofFinancial Activities 19
Balance Sheet 20
Statement ofCash Flows 21
Notes to the Statement ofCash Flows 22
Notes to the Finandal Statements 23
Detailed Income and Expenditure Account 37

GOVERNORS: Mr A D Hussey —Chairman Mr A D Hussey —Chairman
Mrs A Brooks resigned 24June 2022
TA C N Dawson appointed 26 November 2021
Mr P Evitt
Brig A T L Potts
Mrs A Rainsford
Mrs K M Saker
Mr J M Scott
Mr C N PStourton
Dr R M Sullivan
Mrs C M M Witheridge
SECRETARY AND CLERK TO THE
GOVERNORS: Mrs ECarr
HEADMASTER: RJohnston
REGISTERED OFFICE: Hanford
School
Child Okeford
Blandford
Forum
DT11BHN
REGISTERED NUMBER: 02572565 (England and Wales)
REGISTERED CHARITY NUMBER.' 1001751
AUDITORS: Fawcetts
LLP
Chartered
Accountants
and Statutory Auditors
Windover
House
StAnn Street
Salisbury
SP12DR
BANKERS: HSBC Bank pic C Hoare & Co
17Market Place 37Fleet Street
Blandford
Forum		 London
Dorset EC4P 4DQ
DT117AG
INVESTMENT MANAGERS: Church
House investment		 Management
York House
6Coldharbour
Sherborne
Dorset
DTB4JW

Total Total
Unrestricted Restricted 2022 2021
INCOME AND EXPENDITURE Notes f f E E
INCOME AND ENDOWMENTS FROM:
Chadtable
activities
Fees receivable 2,304,048 2,304,048 2,021,801
Recharges 89,947 89,947 76,743
Otherincome 3 27,434 27,434 66,402
Donations
and legacies
Donations 308,512 308,512 23,993
Legacies
Investments 4 8,921 8,921 8,760
TOTAL INCOME 2,430,350 ~308512 2,738,862 2,197,649
EXPENDITURE ON:
Raising funds 5,696 5,696 9,058
Charitable
activities
Bursaries donated 152,802 152,802 196,535
School operating costs 2,196,689 38,980 2,235,669 2,053,044
TOTAL EXPENDITURE 8 2,355,187 38,980 2,394,167 2,258,637
NET (EXPENDITURE) / INCOME 75,163 269,532 344,695 (60,988)
Transfers between funds
(Losses) / Gains on Investments
-realised (3,750) (3,750)
-unrealised (30,259) (30,259) 45,154
NET MOVEMENT
IN		 FUNDS 41,154 269,532 310,686 (15,834)
RECONCILIATION
OF FUNDS
Total funds brought forward
at 1September 2021 2,041,010 14,739,382 16,780,392 16,796,226
TOTAL FUNDS CARRIED FORWARD
at 31August 2022 2~082~164 15p008~914 17p091,078 16,780,392

2022 2021
Notes
FIXEDASSETS
Tangible assets 9 16,563,497 16,681,226
Investments 10 433,821 467,830
CURRENT ASSETS
Debtors 503,055 578,410
Cash at bank and in hand 521,964 438,933
1,025,019 1,017,343
CREDITORS
Amounts
falling		 due within one year 12 (841,259) (1,033,507)
NET CURRENT ASSETS/(LIABILITIES) 183,760 (16,164)
TOTAL ASSETS LESSCURRENT LIABILITIES 17,181,078 17,132,892
CREDITORS: Amounts
falling
due after more than one year 13 (90,000) (3527500)
NET ASSETS 17,091,070 10,700,392
FUNDS:
Restricted
funds		 16 15,008,914 14,739,382
Unrestricted
funds		 —general 17 2,076,352 2,035,198
Unrestricted
funds		 - designated 17 5,812 5,812
TOTALCHARITY FUNDS 17,091.078 10,780,392
yp
ff
1
f
and were signed		 on «pp
its behalf by:		 d d 0 f df 1 03 3 0 d70,.!7r.3-r-L5
II~.I)~~
Mr AD Hussey- Chairman
Governor

2022 2021
E E
Net cash flow from operating activities 389,206 (93,167)
Cash flow from investing activities
Payments to acquire tangible fixed assets (272,279) (292,982)
Proceeds from sale ofassets 326,184 19,592
Dividends
received		 8,810 8,728
Interest received 111 32
Net cash flow from investing activities 62,826 (264,630)
Cash flow from financing activities
New loan in year 90,000
Loan repayments (442 500) (7500)
Interest paid (16,501) (1,776)
Net cash flow from financing activities (369,001) (9,276)
Net (decrease)/increase in cash and cash equivalents 83,031 (367,703)
Cash and cash equivalents at 1September 2021 438,933 806,006
Cash and cash equivalents at 31August 2022 521,964 438,933

Land - Not depreciated
Buildings —1%straight
line		 (see below)
Improvements to property -5%on reducing balance
Plant and equipment -20%on reducing balance
Motor vehicles -20%on reducing balance
Computer equipment -20%straight
line

2. INCOME FROM DONATIONS AND LEGACIES AND LEGACIES Unrestricted Restricted Total Tota I
funds funds funds funds
2022
E		 2022
E		 2022
E		 2021
f
Donations
General donations
Hanford 140
Art Barn		 229,502
79,010		 229,502
79,010		 1,550
22,343
100
Total 308512 308+12
3. OTHER INCOME Unrestricted Restricted Total Total
funds funds funds funds
2022
E		 2022
E		 2022
E		 2021
f
Government
grants
—Coronavirus
Job Retention		 Scheme 30,367
Registration
fees
Rentalincome
(Deficit) / Surplus
on other
Sale proceeds of donated		 recharges
asset		 5,450
1,700
(10,400)
30,684		 5,450
1,700
(10,400)
30,684		 7,000
850
8,593
19,592
Total 27,434 27W4 66,402
4. INCOME FROM INVESTMENTS Unrestricted Restricted Total Total
funds funds funds funds
2022
E		 2022f 2022
E		 2021
f
Dividends —equites
Interest —cash deposits		 8,810
111		 8,810
111		 8,728
32
Total 8,921 8,921 8,760

2022 2021
f f
Wages and salaries 1,137,885 1,055,932
Social security costs 87,681 78,162
Pension contributions 173,376 162,629
Other employee
benefits		 11,261 9,538
1,410,203 1,306,261
2022 2021
No. No.
Teaching and care staff 36 36
Other staff 26 23
62 59
2022 2021
No. No.
f60,001 —E70,000 1 1
The number
with retirement		 benefits accruing in:
—Money purchase schemes was

Net incoming Net incoming resources are stated resources are stated after charging:
2022f 2021f
Depreciation —owned assets 94,508 92,737
Realised loss on investments 3,750
Surplus on disposal ofdonated assets 30,684 19,592
Auditors' remuneration
-audit		 services 3,900 3,800
-non-audit services 8,465 8,766

Staff salaries 2022 2021
and costs
f		 Other
f		 Depreciation
f		 Total
f		 Tota If
Charitable activities:
Bursa des donated 152,802 152,802 196,535
School operating costs:
Teaching costs 878,533 152p171 13,821 1,044,525 951,872
Welfare 364,450 108,843 473,293 351,796
Premises 60,066 334,720 79,048 473,834 468,307
Support costs of schooling 107,154 122,859 1,639 231,652 268,503
Governance 12p365 12,365 12,566
1,410,203 730,958 94,508 2,235,669 2,053,044
Raising funds:
Alumnae relations
and fundraising costs 5,696 5,696 9,058
Total resources expended 1,4M,203 SS9,456 94,S08 2,394,167 2,258,637

TANGIBLE FIXEDASSETS
Land and Improvements to Plant and
Buildings
f		 Property
f		 equipment
f
COST OR VALUATION
At 1September 2021
Additions
Disposals		 16,707,801
82,376
(300,000)		 657,594
202,137
(45,486)		 252,937
4,140
At 31August 2022 16&490,177 814+45 257,077
DEPRECIATION
At 1September 2021
Charge for year
Eliminated
on disposals		 719,430
41,495
(4,500)		 84,152
22,984		 182,504
14,569
At 31August 2022 756,425 107,136 197,073
NET BOOK VALUE
At 31August 2022 15, 33.7 707,109 60,004
At 31August 2021 15.988,371 573,442 70,433
Motor Computer
vehicles
f		 equipment
f		 Totals
f
COST OR VALUATION
At 1September 2021
Additions		 42,715 199,789
29,112		 17,860,836
317,765
Disposals (345,486)
At 31August 2022 42,715 228,901 17433,115
DEPRECIATION
At 1September 2021
Charge for year		 26,322
3,278		 167,202
12,182		 1,179,610
94,508
Eliminated
on disposals		 (4,500)
At 31August 2022 29,600 179384 1,269,618
NET BOOK VALUE
At 31August 2022 13,115 59,517 16, 63719
At 31August 2021 16,393 ~25IU5r 16.181226

10. FIXEDASSET INVESTMENTS FIXEDASSET INVESTMENTS FIXEDASSET INVESTMENTS
Listed Other
Investments Investments TotaIs
E E E
COST0RVALUATION
At 1September 2021		 439,230 28,600 467,830
Additions
Disposals
Revaluation		 (30,259) (3,750) (3,750)
(30,259)
At 31August 2022 4M,971 24,850 433,821
NET BOOK VALUE
At 31August 2022		 09.921 24,850 433,821
At 31August 2021 439,230 28,600 467,830
11. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021
8 E
Trade debtors 454,931 571,483
Other debtors 40,210
Prepayments 7,914 6,927
503,055 578,410
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021
E E
Bank loan (see note 14) 90,000
Bank overdraft (see note 14)
Trade creditors
Other creditors		 146,233
85,137		 51,187
105,212
Taxation and social security
Deferred income
—autumn
Advance fees scheme (see
Accrued expenses		 term fees
note 15)		 22,132
526,000
50,250
11,507		 16,346
703,866
44,900
21,996
841,259 I
1,033 507

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
E E
Advance fees scheme (see note 15)
Bankloan 352,500
90,000 352,500

2022 2021
f E
Within 2to 5years
Within 1to 2years
Within 1year 50,250 44,900
50,250

Analysis of movement
in r		 estricted funds
Balance at Balance at
1September Incoming Resources 31August
2021 resources expended Transfers 2022
E E E E E
Fixed asset fund
Hanford 140		 14,578,736
106,451		 229,502 (37,885) 14,540,851
335,953
Leavers programme
Bursaries		 1,095
3,000		 (1,095) 3,000
Sports
Swimming
Art Barn		 pool 5III00 79AIIO 129,110
14,739,382 308,512 (38,980) 15008,914

Fixed asset fund
Hanford
140
Leavers programme
Bursaries
Sports
Swimming
pool
Art Barn		 Balance at
1September
2020
f
14,616,621
84,108
1,095
3,000
2,000
15,000
50,000		 Balance at
1September
2020
f
14,616,621
84,108
1,095
3,000
2,000
15,000
50,000		 Incoming
resources
f
22,343
100		 Incoming
resources
f
22,343
100		 Resources
expended
f
(37,885)
(2,000)
(15,000)		 Transfers
f		 Balance at
31August
2021
f
14,578,736
106,451
1,095
3,000
50,100
1'1, 7,024 22,443 (54,885) 14,700,002
UNRESTRICTED FUNDS
Anolysis ofmovementin unrestricted funds
General Designated
fund fund Total
E f f
Balance at 1September
Surplus / (Deficit) forthe
Transfers between
funds		 2021
year		 2,035,198
41,154		 5,812 2,041,010
41,154
Balance as at31August 2022 2,0 0.302 5,012 2,001,104
The designated
funds
represent
utilised
in specific circumstances		 amounts
committed
by the Governors
to the hardship
fund.
to assist with the continuity ofeducation
for pupils.		 The fund
is
Analysis ofmovement
in		 unrestricted funds —previous yeor
General Designated
fund fund Total
f f f
Balance at 1September 2020
Surplus / (Deficit) for the year
Transfers between funds		 2,003,358
31,840		 21,044
(15,232)		 2,024,402
16,608
Balance as at 31August 2021 ~27035198 5,812 2.0 2.020

Unrestricted Unrestricted
funds funds Restricted
General
f		 Designated
f		 funds
E		 Total
Tangible fixed assets
Investments
Current assets
Current liabilities
Creditors more than one year		 2,022,646
433,821
551,144
(841,259)
(90,000)		 5,812 14,540,851
468,063		 16563,497
433,821
1,025,019
(841,259)
(90,000)
2,074,002 5,812 10.000,914 17.001,070

2022 2021
E E
27714 2,714
2,714 2,714

.
PRIOR YEAR COMPARATIVE
STATE		 MENT OF FINANCIAL ACTIVI TIES
Total
Unrestricted Restricted 2021
INCOME AND EXPENDITURE Notes E F.
INCOME AND ENDOWMENTS FROM:
Charitable
activities
Fees receivable
Recharges
Otherincome		 3 2,021,801
84,593
58,552		 2,021p801
84,593
58,552
Donations
and legacies
Donations		 1,500 22,443 23,993
Legacies
Investments 4 8,760 Bp760
TOTAL INCOME 2,175,?06 22,443 2,197,649
EXPENDITURE ON:
Raising funds 9,058 9,058
Charitable
activities
Bursaries donated
School operating costs		 196,535
1,998,159		 54,885 196,535
2,053,044
TOTAL EXPENDITURE 8 ~2,203752 54,885 2,258,637
NET (EXPENDITURE) / INCOME (28,546) ~32,442) ~(60 988))
Transfers between funds
(Losses) / Gains on Investments
-realised
- unrealised		 45,154 45,154
NET MOVEMENT
IN FUNDS		 16,608
RECONCILIATION
OF FUNDS
Total funds brought forward
at 1September 2020		 2,024,402 14,771,824 16,796,226
TOTAL FUNDS CARRIED FORWARD
at31August 2021		 2,041,010 14,739,382 16,780,392

2022 2021
Turnover
Fees 2,304,048 2,021,801
Bursaries ~152,802) (196,535)
Other income 2,151,246 1,825,266
Donations 308,512 23,993
Legacies
Music 14,206 15,494
Learning support 23,696 11,927
Dancing 11,325 9,134
Riding 45,730 40,138
Registration
fees		 5,450 7,000
(Deficit) / Surplus on other recharges (11c495) 8,593
Government
grants		 icoronavlrus sob Retention scheme) 30,367
Rental income 1,700 850
Investment
income		 8,921 8,760
403,035 156,256
Expenditure 1,981.,522
Staff salary costs 1,410,203 1,306,261
Academic 42,527 37,552
Market garden 2,631 2,152
Activities and entertainment 23,085 7,268
Food 87,435 63,415
Household
expenses		 13,731 15,510
Surgery expenses 510 731
Telephone 10,000 9,834
Post and stationery 7,997 4,708
Motor expenses Sc427 3,896
Rates and water 22,943 27,881
Insurance 35,654 29,101
Light and heat 109,854 71,813
Repairs and renewals 123,492 180,180
Health, safety and security 42,777 19,460
COVID-19 compliance expenses 4,535 9,691
Subscriptions
and		 inspection costs 9,188 6,677
Alumnae
relations		 and fundraising costs 5,696 9,058
Marketing
and advertising		 30,018 28,361
Recruitment
costs		 42,133 9,044
Staff training 9,264 7,506
ITsupport costs 59,470 58,881
Auditors'
remuneration		 12,365 12,566
Legal fees 15,377 22,807
Bank charges 2,949 1,958
Bad debts 21,278
2,129,260 1,967,443
Carried forward 425,021 13,933

2022 2021
E E
Brought forward 425,021 13,933
Finance costs
Bank interest payable
Bank loan interest		 (5)
(16/I96)		 (213)
(1,563)
(16,501) (1,776)
Surplus on disposal of assets
Gifted asset		 30,684 19,592
(Loss) / Gains on investments
Realised (losses)
Unrealised
(losses) / gains		 (3,750)
(30,259)		 (34,009) 45,154 45,154
NET INCOME —Pre-Depreciation 405,195 76,903
Depreciation
Buildings
and improvements
Plant and equipment		 (64,479)
(14,569)		 (65,103)
(13,961)
Motor vehicles (3,278) (4,098)
Computer
equipment		 (12,182) (94,508) (9,575) (92,737)
NET (EXPENDITURE) / INCOME -Post-Depreciation 310,686 (15,834)