##
|||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|||||
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||||||||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|
##
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##
||||||||||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|
##
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##
|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||
##
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##
##
|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|
##
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##
|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|
##
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##
##
##
##
##
|.
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)|