COMPANY REGISTRATION NUMBER 3272341 HUP4TER IIALL SCHOOL COMPANY LIMtTED BY GUARANTEE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3￿AUGu￿r 2024 CHARrrY NUMBER 1059098 ROBINSON UDALE Chartered Accountants The Old Bank 41 Kin8 st￿et Penrith Cumbria CAII 7AY HUNTER HALLSCHOOL COMPANY LIMITED By GUARApifEE COMPANY REGISTRATION NUMBER 3272341 FINANCIAL STATEMENTS YEAR ENDED 315T AUGUST 2024 COP4TENT5 PAGE Members of the board and professional advrsers Tn￿tee5 annual report Independent examiners report Ststement of finanaal artr¥ities 8alan£t sheet io Cash Flow Statement li Notes to the financial statements 12-18 HUNTER HALLSCHOOL COMPANY LIMITED BY GUARANTEE COMPANY RE61STRAT1014 NUMBER 3272341 FINANCIAL STATEMENTS MEMBERS OF THE BOARD. SENIOR sfAFF AND PROFESSIONAL ADVISERS The board oftrustees Mrs N Ewbank Mrs N Harlintr Chairperson Mr J Pallister Mr P Hogan Mr A Robson Mrs G Bullimore MrSHart MrT Roberts Mrs W Addis (appointed 20102120241 Mr B Shamash lappointed 12103120241 Head Teacher Mr P Borrows (appointed 01109120231 Deputy head Mrs K Fletcher Company 5e¢retsry Currerbtly Vacant Registered office Hunter Hall School Frenchfield Penr¢th Cumbria rAII 8UA Examiner Robin50n Udale ￿"MIted Chartered Accountants The Old Bank 41 King Street Penrith Cumbria CAII 7AY Bankers HSBC Bank PIC Market Squa Penrith CAII 7SN Sollcltors Scott Duff & Co 40 King Street Penrith Cumbria CAII 7AY HuTrffER HALL SCHOOL COMPANY LIMITED BY GUARANTEE COMPANY REGISTrATJON NUMBER 3272341 FINANaAL STATEMENTS YEAR ENOED 31sr AUGUST 2024 TRUSTEES ANNUAL REPORT The direttors and trustees for the purposes of the Companies Act have pleasure in presenting their ￿port and the financial Statements of the charity for the year ended 31st August 2023. The financial statements have been preparèd in a¢¢ordan¢e with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing accounts in accordance wrth financial Reporting Standard applicable in the UK and Republic of Ireland IFR51021 (effective I january 20151- (Charities SORP IFRS 10211. the Financial Reportingstandard applicable in the UK and Republic of Ireland IFR51021 and the Companies Act 201￿. GOVERNING I)OCUMENT Hunter Hall Sch(KJl is a charitable company lirnited by guarantee, incorporated on 31" October 1996 and registered as charity on 8 November 1996. The company w35 established under a Memorandum of Association whith established the objects and powers of the charitable company and is governed under its Artides of Assouation. OBJECnVES The principal activtty of the charity in the period under rewew was that of running the school known as Hunter Hall. The trustees aim. through the School and nursery, to provide a high quality and broad edutation to boys and girls from the age5 of 3 to 11. The key objertives for the year Included: to maintain and enhance the academic success of the school to broaden pupils, experiences through a range of eXtr￿urrIcUlar activitie5 to torbtinue to develop the first das5 pastoral care we provide for pupi15 to continue the development of our cooperation with other local junior sthools. to provide means tested financial support. where appropriate. to improve access to the school roll. In settine the objertives and planning the actNities. the Governors. as the Charitvs Trustees. have complied with the duty in S.4 of the Charities Act 2006 to have due regard to the Charity Commission's published general and relevant sub-sector guldance concerning the operation of the Public Benefit requirement under that Act. TRUSTEES The directors of the company are a150 charity trustee5forthe purpose of charity law. Any person can be admitted asa trustee of the charity providin8 all othertru5tees give their approval. The trustees of the charity are responsible for the appointment of the company secrrfary in accordance with the Act. The trustees who served the charity during the year and who were also directors are as follows.. Mrs N Ewbank Mrs N Harling- Chairperson Mr J Pallister Mr P Hogan Mr A Robson Mrs G Bullimre MfSHart MrT Roberts Mrs W Addis lappointed 20/02120241 Mr B Sh¥mash lappointed 12103120241 HUKtER HALL SCHOOL COMPANY LIMITED BY GuARA￿rEE COMPANY REGISTrATION NUMBER 3272341 FINANCIAL sfATEMENTS YEAR ENDED 315T AUGUST 2024 TRUSTEES (Contlnuedl In recognition of developing best practice, the Tru5tee5 operate a formal and 5trurtured approach to the induction and training of Trustees. This structured approath include5 specific focus and training on individual areas of governance and management of the company, using external expert advisors where appropriate. The Memorandum and Artldes of Associatlon were reviewed and updated to provFde a better basis for the governance of the Company and Charity. The changes included a better set of definrcion$ and more clarity about the respective roles, powers, duties and appointment of Members and Go¥ernor5 arbd about the atrangements foi holding meetings of the Company and Governors. meetings and the composition of the Company's membership and its Board. In addition to the main Board. there are also sub-committees for Safeguardin& Finance. Marketin& Estates Health and Safety, Academic and Oversight arKI Trainin& Bursaries an(J Nomlnations. The Safe8uardin8 Committee is responsible for safe8uardin8 includin8 Partoral Care and Child Protection. The Finance Committee is responsible for maintaining the sclM)oVs financral viability. To include the production of the school budget. financial control and processing of Bursary requests. The Marketing Committee is responsible for ensuring that Hunter Hall 15 effectively marketed and that tts marketin8 activity is closely linked with the school's development pLins. The Estate Committee is responsible for the maintenan¢e and dèvelopment of the buildings and resources of the school. The Health & Safety Committee is responsible for overseeing the health and safety of the school and its members. The overall goal of the Academic Sukpcommittee is to ensure that the sthocA provldes a quality of education Ilncluding extra- curricular activitie5 and pastoral carel that allov•S all children to develop to the best of their academic, 5POrting, musical and art15tic abilities. The (herswlrt and Training Committee has knvo main goabs which are to maintsin an overview of the school management and Board's compliance with key legislation, regulations and policy areas in line with ISI requirements and to identify and to- ordinate training needs and opportunities for members of the governing body to build the capacities for effective governance. The Bursary Committee is reswjnsible for implementing the sthool's policy to widen pupil a¢￿$S to the school and ensure that Hurbter Hall education is provided to children from a broad spectrum of society. The Nominations Committee is responsible for setting the genernl criteria for Governors, recruitment, succession planning and undertaking an annual evaluation of the currerbt Governors. perfomance. No remuneration or empenses were paid to the trustees in the year. HUNTER HALL SCHOOL COMPANY LIMITED BY GUARANTEE COMPANY REGISTRATION NUMBER 3272341 FINANCIAL STATEMENTS YEAR ENDED 31ST AUGUST2024 REVIEW OF DEVELOPMENTS. AcrivrriES At40 ACHIEVEMENTS An extremely wide range of artivtties continue to be offered both inside and outside of the classroom for Hunter Hall pupils. Weekly Forèst activities remain a favourite for our younger children whilst upper school pupils benefit from a broad outdoor education programme. The environmentsl issues affecting our planet are a high Priority for our pupils and thev are encouraged to take responsibility for both the immediate and wider environment, including looking after the gardens and forest areas on site. Cookery club. dodgeball, table tennis and running remain popular additional activilie5. Chess club, backgammor¢. Warhammer. construction and art aCtivit￿S as well as musical experiences such as choir and band 31so add to the range of activities offered. The schod continues to move forward, wrch mentsl hea￿h and wdlbein8 continuing to be a f¢xus. Mindful colouring as a CO•curricular club for both upper and lower school pupi15 continue to be popular. as do our yoga sessions. and quiet period5 for reflection built into our school timetable with ERIC- Everyone Reading In Class and EDIC- Everyone Drawing In Class. In addition, we have two qualified mental heatth first aiders on our staff team. Our superb outdoor education provision is thrivin& taking advantage of the Lake Di5trici National Park on our doorstep. Our outdoor education leader coordinates a burgeoning programme of artivitie5 for both lower and upper school including paddle boardiw sailin& dimbin8. orienteering and cyclin8. We have a150 hosted an overnight expedition in the local landscape for our year 6 as part of their leavers programme. A number of local venues a￿ sllPPOrted including Vllswater $3i5ing Club. Keswick Climbing Wall and Eden Rock as well as Whinlatter. The cultural side of school life is vibrant with the school offering a plethora of opportunitie5 for music and drama. We are 3 designated centre to host both ABRSM Imusicl and L4MDA Ispeech and drama) for the local cornrnunity. Both are popular options for our children as well as children in the l¢xal community. Local festivals are also supported such as the Carlisle Music and Drama Festival and the children have other opportunr(ies to develop their talents such as joining our choir and band. An annLtal event is taking part in the Penrith schools carol roncert. All year groups have the opportunity to perform on stage.. words and music concerts are performed three times a yeaf. and Christmas and end of year productions also take place. Many of our music events take place in the local community and St Andrev/s church in Penrith is used as regular venue. Educational trips enhance leamin& and all children have the prospect to experience such opportunities. Our lower school pupils enjoy day trips whereas upper sthool pupils have enjoyed residential trips to Shropshire and Edinburgh. In addition we went on a ski trip to Ausiria. The sportin8 side of school life is an important part of the Hunter Hall curriculum, and all children are encoura8ed to take part in as many sporting disciplines as possible. The sporting Ca￿ndar indudes opportunities for rugby. netball, hockey as well as cross county runrbin& cricket, rounders and athletics. PE is an important aspect of the games program which also ificludes dance. As a school WÈ wstt other schoo15 to take part in fn"endJy matthes in all the above tèam sports as well a5 offering coaching activities for local schools at Hunter Hall. We have an artive parent group who meet at least 3 times a year to organise a series of events to raise money for resources, as well 3$ enhance our community invofvement. Highlights during the year included an Auction of Promises which led to the creation of a wellbeing space a Motor Show 3n¢J our annual Bonfire event. Other events the parents groLbP hosted included charttable fundraising with the or8anisatitin of thè donation of Christmas presents to the Salvation Army and Foodstuffs to the Upper Eden Food Bank. HUNTER HALI SCHOOL COMPANY LIMITED BY GUARANTEE COMPANY REGISTrATION NUMBER 3272341 FINANCIAL STATEMENTS YEAR ENDED 31ST AUGUST 2024 PUBUC BENEFIT INFORMATION Hunter Hall's ability to interact and work with the local community 15 a strate8ic aim of the school. We continue to further develop our partnership program to widen the opportunities there are for community involvement in our school. Sport 15 an excellent way to fostersuth partnerships and our Direttoi of Swrt has encouraged much liaison with local schools. 5incÈ February 2020 we have hosted the Cumbrian Cross Country Championships annually. and we remain a vènuÈ for Eden Runners. In addition, we host 2 large Cross Country events for key stage l and key Stage 2 children where over 20 local schools are invofved. Sporting fixtures are organised with schools in the area involving netball rugby and football. We also organise tournaments and coaching afternoons to develop skills for both children and teachers a5 they involve expertise. We contlnue to regularly contrlbute musie perfomiances to Cumbrtan events Includlng Penrfth Schools Musle Concerts and Keswick Virtorian Fair. St Andrews our local church is Used as a regular venue for services and we have also supported their local event5. We provide the ¥enue for The Professional Football Coaching Academy during school holiday5 as well as during the term time where local children are invited to attend school after normal hours. Local clubs such as Penrith Archery Club and Penrith Ladies Football Club use 04Jr facilities during the summer months. whilst a local keep fit dass and karate club use our hall a5 a venue. In addition to this our classrooms a￿ used as venue for courses being run locally. The school ha5 a charity program which involve5 5UPPOrting a number of charities both local and national. Last year some of the charitable group5 5UPPOrted included Children in Need, Comic Relief, the National Autistic Society and the Princes Trust in recognition of the coronation of King Charles. We also supported a refuge projert in Penrith and the 58lvation Army with proceeds from our Harvest Festival. Our largest fundraiser this year was for DEC as we supported the people of Ukraine which also involved offering schooling to a Ukrainian refugee. Spearheaded by the children and as a new initl8tive we introduced our Summer of Kindness, the children given passports for completing acts of kindness such as baking cake5 for neighbours, making kindness cards for people on their own and reading stories to hospital patients. Both Lancaster and Cumbria Universities use our school as a venue to train thelr students. whilst we a159 offer loans of resource5 to local people such as our stsgin8, chairs and costume5. We are keen to SUPPOrt local community events such as Skelton show and take part in Cumbrian litter picks tidying areas ar(KJnd our school ènd F￿nchfield. We continue to develop link5 With our local care homes. We support local businesses, regularly vi51tin8 venues such a5 Penrith Leisure Centre, Penrith Rugby Club orsd climbin8 venues such as Eden Rock. We like as many children a5 P055ible to berbefit from an education at Hunter Hall and have bursary scheme in place to support such families. In the academic year 2V23 we helped 9 families. HUN7ER HALL SCHOOL COMPANY LIMtTED BY GUARANTE£ COMPANY REGISTRATION NUMBER 3272341 FINANCIAL STATEMENTS YEAR ENDED 31ST AUGUST 2024 FINANCIAL REVIEW In addition to pupil recruitment, the staff and trustees have continued to seek ways of botssting income from other sources includtng recyclin& 8eneration of electricty from 501ar pane15 and the letting of facilities for evening cla55e5 ThroLJ8hout the year the Flnance sub-wmmittee Considered requests for financial assistsnce with fees. In the academic year 2023124, 9 bursaries were awardèd in line with the Bursary Policy. Existing means tested bursaries were reviewed annually in accordance with the Bursary Polity. The full results for tht ytar and the charitls financial position ale shown in the attached financial statements and the adequacy of the reserves is set out below. RISK POLICY The Board of Trustees periodically tonducts 3 review of the major risks to whlch the charlty is exposed and develops mitigation strate8ies. A statement of the major risk5 and any appropriate 5y5tern5 and pr¢xedures to miti8ate these risks are included in the school's Strategic Plan and Board Policy Documents. PUPIL WELFARE Hunter Hall is committed to safeguarding and promoting the welfare of its pupils and expects all staff and volunteers to share this commitment. Policies and risk assessments are in place and are StrI￿lY adhered to. They are regularly reviewed irb line with the timetable Set out and monitored by the Over5i4ht and Training Committee. Matters of concern with regard to Safeguarding and Health and Safety are discussed at all staff meetings and board meetings. RESERVES POUCY The trLbStees have reviewed the charity's needs for reserves in line with the guidance issued by the Charity Commisslon. The policy of the trustees is to ensure that financial resources are suffioent to cover the projected operating and development fvndin8 needs of the charity with some degree of flexibility to allow for potential contin8encies. The trustees believe that the unrestricted retained reserve5 of £306,673 are sufficient to meet any foreseeable shortfall or delay in funding or contin8encies durin8 the comin8 year. and forthe foreseeable future, whilst maintainin8 the school and the current high level of service it provides. HUNTER HALL SCHOOL COMPANY LIMITED BY GUARANTEE COMPANY REGISTRATION NUMBER 3272341 FINANaAL STATEMENTS YEAR ENDED 31ST AUGUST 2024 TRUSTEES. RESPONSIBILrnes Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the tharity at the end of the year and of the incoming and outgoing resources for the year then ended. In preparin8 those financial statement5, the twstee5 are required to selett Suitable accountin8 policies and then apply them consistently, observing the methods and principals in the Chartties SORP. and making judgements and estimates that are reasonable and prudent. They must als0 state whetherapplKable UK accountin8 Standards and statements of recomrnended practice have been followed, subject to any departures disclosed in the financial statements. The trustees must also prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue its activities. The trustees are responsible for keeping proper accounting records which disclose wf(h reasonable accuracy at any time the financial p051tion of the charity and to enable them to ensure that the financial statements comply with the Companies A 201kS. The trustees are also responsible for safeguarding the a55ets of the charity and hence for taking reasonable steps for the prèvention and detectbon of fraud and other Frregulartties. Small company pr￿ls1On5. Thi5 report has been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities li55ued in March 20051 and in accordance with the special provisions of Statutory Instrument 20081409 under the Companies Art 2006 relating to small CoMpan￿s. Mrs N Harling !)l.£.l.Zts Approved by the trustee5 on .... . HUNTER HALL SCHOOL COMPANY LIMITED BY GUARANTEE COMPANY REGisfRATION NUMBER 3272341 FINANCIAL STATEMENTS YEAR ENDED 31ST AUGUST 2024 Independent Examlnerfs report to the Trustees of Hunter Hall School I report on the financial statements of the Charity for the year ended 31st August 2024, which are set out on pages 9 to 18. Respe¢tlve respon51bilitles of Trustees The charitls trustee5 (who are also directors of the company for the purposes of company lawl are responsible for the preparation of the accounts. The charivs trustees consider that an audit is not required for this year lunder section 144121 of the Charities Act 2011 (the 2011 Actll and that an independent examination is needed. The Charlty's 8r055 income eKceeded £250,000 and l am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales. Havin8 satisfied myself that the charity is not subject under company law and is eligible for Independent examination it 15 my responsibility to: examine the account5 under section 145 of the 2011 Act to follow the procedures laid down in the General Directions 8iven by the Charity Commission under section 145 1511bl of the 2011 Att: and to state whether particular matters have come to my attention. 8asls of Indepertdent Examlnerf5 Report My examination was carried out in accordance with the General Directions Biven by the Charity Commi55ioner5. An examination includes a review of the accounting records kept by the Charity and a compari50n of the accounts presented with th05e records. It also includes consideration of any unusual items or disclosures in the accounts. and seeking explanations from you as Trustees concerning any such matters. The protedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view. and the report is limited to those matters set out in the statement below Independent Emaminerfs Statement In the cause of my examination, no matter has come to my attention- l. which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records in accordance with section 386 of the Companies Act 2006. to prepare accounts which accord with the accounting records and comply with accountin8 requirements of the Section 396 of the Companies Art 2006 and with the method5 and principals of the Statement of Recommended Prattice: Accounting and Reporting by Charities have not been met: or 2. to which, in my opinion, attention should be drawn in order to enable a proper understandin8 of the accounts to be reached. -Robinson artered Accountant OBINSON UDALE LTD Chartered Accountants The Old Bank, 41 King Street Penrith. Cumbria. CAII 7AY Date.. 271,fv- HUPUER HALLSCHOOL COMPANY LIMITED BY GUARANTEE COMPANY REGISTrATION NUMBER 3272341 FINANCIAL STATEMENTS YEAR ENDED 31ST AUGUST 2024 srATEMENT OF FINANCIALAaivmES Note Restricted Funds Unrestrirted Funds Totsl Funds 2024 Total Funds ZOZ3 Income frorn:" Donètions and Legacies Charitable Activities Income from Investments Other Tradin8 Artivities 24,977 1,119,847 5,614 4,110 24.977 1,119,847 5,614 4,110 7.206 958,091 3,157 4,832 Total Income 1.154,548 1,154,548 973,286 Expenditure On: Charitable Activitie5 Expendrture on Raising Funds 1.127,942 14,883 1,127,942 14,883 930.616 15.085 Total Expendltuwe 1,142,825 1,142.825 945,701 Net IncomellDelkltl 11.723 11.723 27,585 Reconciliation of Funds Funds 8rought Forward To Unrestricted Funds 294,950 294,950 267,365 Funds Carrled Forward £2 The statement of financial actNities includes all 8ains and1055es in the year. All incoming resources and resources expended deri¥e from continuing artivities. The notes on pa8es 12 to 18 form part ofthese accounts HUNTER HALL SCHOOL COMPANY LIMITED BY GUARANTEE COMPANY REGISTRATION NUMBER 3272341 FINANaAL STATEMENTS YEAR ENDED 31ST AUGUST2024 8AiANCE 5HEEr 2024 2023 FIXED ASSErs Tangible assets 210,027 209.754 CURRENT ASSETS Stock Debtors Cash at bank and in hand 14,657 89.969 304.335 15,397 52,299 147.363 io 408,961 215,059 CREDITORS: Amounts falllng due within one year li 290,123 96,996 NET CURRENT ASSETS 118,838 118,063 TOTAL ASSEfs PLUS CVRRENT ASSETS 328.865 327,817 CREDITORS.. Amounts fallin¥ due after more than one year 12 22,192 32,867 N￿AsSETs FUNDS Restricted Llnrestrirted 14 306,673 294,950 TOTAL FUNDS 15 For the year ended 31st August 2024 the charitable company was entitled to exemption from the requirements to have an audit under the provisions of Sertion 477 of the Companies Act 2(M)6. No noti￿ has been deposited with the company under Sectlon 476 of that Art requiring an audit to be carried out. The trustees acknowledge their responsibilty for=. al En5urinB the cornpany keep5 accounting records in accordance with Sections 386 and 387 of the Companies Act 2￿6,. and bl Preparing financ￿1 statements which give a true and fair wew of the State of affairs of the company as at the end of the financial period and of its profrt for that financial perbod. in aCCDrdance with the requirements of Sub Sections 394 and 395 of the Companies Act 2(K)6, and which otherwise comply with the accounting requirements of that Art relating to financial statements. so far as they are appli¢able to the company. The financial statements have been prepared in accordance with the special provisions of Statutory Instrument 20081409 under the Companies Act 2(X)6 relating to small companies. These financial statements were approved by the members ofthe committee on............. their behalF by:_ - and are signed on Mr5 N HarJing- Director and TnJstee The notes on pages 12 to 18 form part ofthese accounts HUNTER HALL SCHOOL COMPANY LIMITED 8Y GUARANTEE COMPANY REGISTRATION NUMBER 3272341 STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST AUGUST 2024 2024 2023 Cash Used in 0￿rating Activities Net movement in Funds Add Back Depreciation Charge Deduct Interest Income Decreaselllncreasel in Stock Decreaselllncreasel in Debtors (Decreasellincrease in Creditor5 11,723 31,478 15.6141 740 137.6701 182,452 27,585 25,951 13.1571 8,832 8.593 167,8331 Net Cash used in operating acti¥ities 183,109 1291 Cash Flows from lThvestir¢ Activities Interest Income S.614 3,157 Purchase of Tangible Fixed A55ets 131,7511 118,2351 Cash Pry>¥ided By (Used In) In¥estlng ActlvStles 126,1371 115,0781 Decre•se in cash and cash equivalents in the Year 156.972 115.1071 Castrt and cash equivalents at the be8inning of the Year 147.363 162.470 304,335 147,363 li HUNTER HALL SCHOOL COMPANY LIMITED BY GUARAPItEE COMPANY REGISTRATION NUMBER 3272341 NOTES TO THE FINANCIAL STATEMENTS ACCOUNTING POLICIES Basis of accounting The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Prartice applicable to charities preparing accounts in accordance with Financial Reporting Standard applicable in the VK and Republic of Ireland IFRS1021 leffective l January 20151- Icharities SORP IFRS 10211. the Financial Reporting Standard applicable in the UK and Republic of Ireland IFR51021 and the Companies Act 2006. Intome Aewnition Income consist5 of school fees and related incorne. fundraising and events income and investment income. It is accounted for on a receivable basis. Where income is re￿ived for a specific project or purpose this income is classed as restricted. Incorne recebved toward5 the 8eneral objects of the charity is classed as unrestricted. Expenditure Recognltian The cost ofgenerating funds includes any direct fundraisingcosts, the tosts of uniform5 and any money paid or donated to a third party a5 a result of fundraising event days. The cost of charitable activities, in furtherance of the charity'5 object5. include5 all the direct school costs. The Govemance costs represent professional fees and banking costs. Expenditure is reco6nised on an accruals basi5 as a liabiltty is incurred. Expenditure includes any VAT which cannot be recovered and is reported as part of the expenditure to which it relates. Flxed assets Assets used for charitable purposes. with an expected usefvl life exceeding one year, are capitalised in the balance shèet. Depreciation is provided at the following rates in order to write off each a55et off over its ljseful economic life. or in the case of short leasehold propefty. over the period of the lease. Computer Equipment Fixtures and Equipment Vehicles + Machinery 3 year 5trai8ht line basis 15% reducing balance basis 25% redu¢in8 balance basis Equipment Operatlng Lease5 Equipment operating leases are not opitslised, and the lease payments are treated as expenditure in the statement of financial activities when they are ineurred. Stock Stock is valued at the lower of cost and net realisable valu*, after making due allowance for obsolete and slow moving items. Fund a¢￿Unting Unrestricted funds are available at the discretion of the Trustees in furtherance of the charitable objectives of the charty. Restricted funds a￿ subjected to restrIct￿n$ on their expenditure imposed by the donors. Pensions The companvs teaching staff members are all eligible to be members of the national Teacher5 Pension Scheme which operates a defined benefft pension scheme. Contributions payablefortheyearare charged in the statement of financvdl activities. Aemunerati¢)D One employee received emoluments greater than £60.1))). Trustees did not receNe any remuneration. 12 HUNTER HALL SCHOOL COMPANY LIM￿ED BY GUARArifEE COMPANY REGISTRATION NUMBER 3272341 FINANaAL 5TATEMENts YEAR ENDED 315T AUGUST 2024 NOTES TO THE FINANCIAL ￿ATEmENTs INCOME FROM CHARtfABLE A￿￿[nE5 Re5trirted Funds VNestri¢ted Funds Total Funds 2024 Total Funds 2023 Main school fees Nursery fèes Lunches and milk Field trips and wsits PhotO8raphs and videos Rent5 received Sundry Income 895.209 79,381 93,591 43,574 210 5,580 2,302 895.209 79,381 93,591 43,574 210 5,580 2,302 794,626 77.720 76.650 13,0481 187 6,465 5,491 OTHER TRADING ACTIVITIES R¢strirted Unrestrirted Funds Funds Total Funds 2024 Total Funds 2023 Plays and concerts Uniform Sales Other Events 2,015 1.628 467 2.015 1.628 467 2.124 1.453 1,255 HUNTER HALL SCHOOL COMPANY LIMITED BY GUARANTEE COMPANY REGISTRATION NUMBER 3272341 FINANCIAL STATEMENTS YEAR ENDED 31ST AUGUST 2024 NOTES TO THE FINANCIAL STATEMENTS EXPENDITURE ON CHAR WABLE A￿1v￿lEs Restrirted Funds Unrestri¢ted Funds Support Total Funds 2024 Total Funds 2023 Direct Salaries and employment costs Employers NIC Staff Training Recruitment Costs Nursery grant reimbursed Lunches and Milk Schoolroom materials Rent and rates LiEhting and heating Sports and extra4urricular expen5e5 Repairs, maintÈnancè and cleaning Insurance Telephone Office, postage and adVert￿Ing Motor expenses Hire of equipment LèasÈ costs Field trips and visits Sundry Expense5 Depreciatlon Payroll and Accountancy fees Bank char8e5 and interest Loan interest and charges Le8al and Profe55ional Fee5 536.559 35.894 2.965 3.629 28,395 93,230 28.703 43.480 23.881 12,5601 76,639 17,491 5,568 48,635 3,936 12.798 8,774 45,098 6,379 31,478 4,527 424 594 4,248 593,105 39.936 2,965 3,629 28,395 93,230 28,703 45.768 25.138 12.5601 76,639 18,412 6,187 50.139 3,936 12.798 8,774 45,098 6.379 31,478 4,527 424 594 4,248 536.378 3S,278 1,215 3,958 17,216 80,535 23,594 46,001 24,124 14041 56.741 13.193 5,149 28,352 4.267 5,837 5.982 1,326 4.550 25,951 4,142 233 4.042 2.288 1.257 921 619 1,504 6.157 EXPENDITURE ON RAISING FUNDS Restrirted Unrestricted Total Funds Total Funds Funds Funds Support 2024 2023 Direct Events expendlture Plays and concerts Uniforms 10,385 4.497 10,385 4.497 7,915 4.492 2,678 Support Costs Support costs have been calculated for staff Costs according to time spent and for other costs they have been calculated based on purpose. C05t allocatbon indudes an element of judgement and the Charity has to consider the cost benefit of detailed calculations. Therefore. the support Costs shown are a best estimate of the costs that have been 50 allocated. 14 HUNTER HALL SCHOOL COMPANY LIMftED BY GUARAp¥fEE COMPANY REGISTRATION NUMBER 3272341 FINANaAL STATEMENTS YEAR ENDED 31ST AUGUST 2024 NOTES TO TrIE FINANCIAL STATEME14TS NET INCOMING RESOURCES This is stated after charging.. 2024 2023 Depreciation 31,478 25,951 STAFF COSTS 20Z4 2023 Salarie5 and wages Pension costs Employers. NIC 497.264 95.841 39.935 452.784 83,594 35.278 Total £633,040 £571,656 The companvs teaching staff members are all eliwble to be member5 of the National Teachers Pension Scheme which operates a defined benefit pension scheme. The average number of employees during the year, cakulated on a full time equivalent basis was as follows.. 2024 Number 13 2023 Number 12 Teaching staff and administration Caretaker and deaning Total 14 13 TANGIBLE FIXED ASSErs Leasehold Computer Furniture & Vehicles & Property Equipment Frttinp Mathinery Total COST At 1st September 2023 Additions Disposals 560.261 13,968 8,876 110,736 22,875 4.050 689.015 31,751 At 31st August 2024 560.261 22.844 133,611 4,050 720,766 DEPRECIATION At 1st September 2023 Depreciation Depreciation Disposals 391A85 16,838 4.302 6.181 81,740 7,780 1.334 679 479,261 31.478 At 31st August 2024 408.723 10.483 89,520 2,013 510,739 NET BOOK VALUE At 31st August 2024 At 31st August 2023 HUNTER HALL SCHOOL COMPANY LIMITED BY GUARANTEE COMPANY REGISTRATION NUMBER 3272341 FINANCIAL STATEMENTS YEAR ENDED 31ST AUGUST 2024 NOTES TO THE FINANCIAL STATEMEP STOCKS 2023 School Uniforms eating Oil 7.422 2.725 1,490 3,020 7.423 5.236 1,225 1,513 Teaching Resources £14 10. DEBTORS 2024 2023 Fees receivable Other debtors Prepayments 70.051 50 19,868 34,686 . 6.495 11.118 11. CREDITOR5: Amounts falling due within one year 2024 2023 Trade creditors Accruals and deferred income School fees received in advance Registration and deposlt scheme fees Other Taxes & Social Security Costs Bank loan Other creditors 26.863 24.398 115,606 5,325 21.192 10.078 86,661 31,486 14.971 17,806 5,9fKJ 16,221 9,748 804 The bank holds a fixed charge over book debts. a floating charge over all other assets, dated 13 December 1996. IZ. CREDITORS: Amountsfalling due after nHJre than one year 2024 2023 Registration and deposit scheme fees Bank loan 14.050 8,142 14,340 18.527 £22 192 16 HUNTER HALL SCHOOL COMPANY LIMITED BY GUARANTEE COMPANY REGISTRATION NUMBER 3272341 FINANCIAL STATEMENTS YEAR ENDED 31ST AUGusf 2024 NOTES TO THE FINANCIAL STATEMENTS FINANCIAL COMMITMENTS In respect of Property Leasing the company is committed to the following payments: _ pro￿rtY Amounts Falling Due'.- Due within l Year Due in I to 5 Years Due after more than 5 years 49.657 198,628 198,628 The property lease payments are based on the rent review carried out In Sèptember 2024. These payments do not take into account any further increases at future rent review date5. The next review date will be September 2027 and then every 3 anniversary of that date. RESTRicfED FUNDS The Govemors use a separate bank account to deposit funds raised at occasional fund raising events. The funds a accumulated in the account until there is sufficient to purchase item5 required by the 5thool a5 identified by the Head. The control and operation of both of these accounts is identical to that of other school accounts and thè financial asperts of the fund raising events are controlled by the Bursar and the Secretary and the Head. Restricted Funds 8rought Forward Restrirted Less Funds Carried Expenditurè Forward t)onations Received No restricted funds 17 HUNTER HAiI SCHOOL COMPANY LIMITED BY GUARANTEE COMPANY REGISTRATION NUMBER 3272341 FINANaAL STATEMENTS YEAR ENDED 315T AUGUST2024 NOTESTO THE FINANCIAL STATEMENTS IS. ANALYSIS OF NET ASSETS BEfwEEN FUNDS Total Funds Tan8ible Fixed Assets Net Current Assets Non