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2020-07-31-accounts

**Contents ** **Page **
ReferenceandAdministrativeDetails
Trustees'Report 3
StrategicReport 8
IndependentAuditor'sReport 16
ConsolidatedStatementofFinancialActivities 18
ConsolidatedandParentCharityBalanceSheets 19
ConsolidatedCashflowStatement 20
PrincipalAccountingPolicies 22
26

(1) (2) (3) (4) (5)
DrM Edelsten(Chair) • • • • •
JAldridge •
JCroom •
MDay
KJeffrey(Principal) • • • •
JPeake(ViceChair) •
RSkells*(ViceChair) LeftDecember2019 • • • •
RTalbut • •
AWilliams •
PMWilson •
PRWilson •
**Principal address ** NewHallSchool
TheAvenue
Boreham
Chelmsford
Essex CM33HS
Auditor RSMUKAuditLLP
AbbotsgateHouse
HollowRoad
BuryStEdmunds
SuffolkIP32 ?FA
**Bankers ** NationalWestminsterBankpic
4-5HighStreet
Chelmsford
EssexCM11BL
**Solicitors ** BirkettsLLP
ProvidenceHouse
141-145PrincesStreet
Ipswich
Suffolk
IP11QJ
**Website ** www.newhallschool.co.uk

**Energy Consumption used to calculate emissions1 August 2019 to 31 July 2020 ** **Energy Consumption used to calculate emissions1 August 2019 to 31 July 2020 ** **Energy Consumption used to calculate emissions1 August 2019 to 31 July 2020 **
**Consumption ** **Measure ** **Total Consumption **
Electricity perkWh 1,877,110
Liquidfuels perlitre 513,139
Gas perlitre/kWh 43,658
TransportFuel perlitre 15,846
Scope1 Emissions **Metric tonnes tCO2e **
Liquidfuels 1,306.7
Gas 56.4
TransportFuel 39.9
Scope2 Emissions
PurchasedElectricity 437.6
**Total ** 1,840.6
**Intensity Ratio **
Number of pupils 1,365 **1.35 tCO2eper pupil **

Multi
Academy Permanent
Unrestricted Restricted Restricted Endowment **Total ** Total
Notes
Funds		 Funds Fund Fund 2020 2019
£ £ £ £ £ £
**Income and endowments **
**from: **
**Charitable activities **
Schoolfeesandother charges 2 22,320,521 - **22,320,521 ** **22,168,732 **
Fundingforeducational
purposes 3 529,809 **529,809 ** **489,126 **
Other 51,315 13 **51,328 ** **23,763 **
**Other trading activities ** 243,968 2,252 16,007 262,227 **440,331 **
**Investments ** 1 45,602 2,706 295 **48,603 ** **48,193 **
**Other income ** 4 673,200 673,200
**Donations ** 41,415 10,084 **51,499 ** 1,347,887
**Total income ** 23,334,606 46,386 556,195 - **23,937,187 ** **24,518,032 **
**Expenditure on: **
**Charitable activities **
Provision ofeducation 7 22,277,843 73,688 602,064 88,374 **23,041,969 ** **21,053,541 **
**Raising funds **
Raisingdonations 5 178 773 **951 ** **8,441 **
Trading:costofgoodssold and
othercosts 6 338,913 **338,913 ** **275,727 **
---
**Total expenditure ** 22,616,756 73,866 602,837 88,374 **23,381,833 ** **21,337,709 **
Netgains oninvestments 13 1,089 1,089 **979 **
**Net income/(expenditure) ** 717,850 (26,391) (46,642) (88,374) **556,443 ** **3,181,302 **
Transfershotweenfunds _(22 _964) 13.709 9.255
Actuarial losses ondefined
benefitpensionscheme (17,000) **(17,000) ** **(30,000) **
**Net movement in funds ** 694,886 (12,682) (54,387) (88,374) **539,443 ** **3,151,302 **
Balancesbroughtforward
at1August2019 19,554,351 144,696 1,250,111 3,181,471 **24,130,629 ** **20,979,327 **
**Balances carried forward **
**at 31July 2020 ** 20,249,237 132,014 1,195,724 3,093,097 **24,670,072 ** **24,130,629 **

Group Group **Charity ** **Charity **
**2020 ** 2019 **2020 ** 2019
Notes £ £ £ £
Fixed assets
Tangibleassets **24,674,260 ** 24,084,764 **23,434,402 ** 22,825,971
Investments 13 53,757 52,668 **53,759 ** 52,670
**24,728,017 ** 24,137,432 **23,488,161 ** 22,878,641
Current assets
Stocks **88,284 ** 83,017 **29,276 ** 27,546
Debtors 14 **1,019,898 ** 1,765,977 **1,108,640 ** 1,797,393
Cash atbank andinhand **8,314,996 ** 8,524,449 **8,062,927 ** 8,260,236
**9,423,178 ** 10,373,443 **9,200,843 ** 10,085,175
**Current Liabilities **
Creditorspayablewithinone year 15 **(6,362,389) ** (6,734,776) **(6,290,21 O) ** (6,614,358)
Net current assets **3,060,789 ** 3,638,667 **2,910,633 ** 3,470,817
**Total assets less current **
**liabilities ** **27,788,806 ** 27,776,099 **26,398,794 ** 26,349,458
**Long term Liabilities **
Creditorspayableafter oneyear 16 **(2,904,734) ** (3,471,470) **(2,904,734) ** (3,471,470)
Pensionschemeliability 23 **(214,000) ** (174,000)
Total net assets **24,670,072 ** 24,130,629 **23,494,060 ** 22,877,988
**Represented by: **
Funds and reserves
Capitalfunds
Permanentendowment fund 18 **3,093,097 ** 3,181,471 **3,093,097 ** 3,181,471
Charitableincomefunds
Unrestrictedfunds
Generalfund 19 **18,729,771 ** 16,264,263 **18,749,483 ** 16,261,733
Designatedfund 20 **1,519,466 ** 3,290,088 **1,519,466 ** 3,290,088
Restrictedfunds 21 **132,014 ** 144,696 **132,014 ** 144,696
MultiAcademyrestrictedfund 21 **1,195,724 ** 1,250,111
**24,670,072 ** 24,130,629 **23,494,060 ** 22,877,988

Total Total
**2020 ** 2019
Notes £ £ £ £
Cashflowsfromoperatingactivities
Net cashprovidedby operating
activities A **3,114,482 ** 4,122,758
Cashflowsfrom investingactivities
Interestandinvestmentincome
received **48,603 ** 48,193
Proceedsfromsaleoftangible fixedassets **21,565 ** 13,784
Paymentfortangible fixed assets **(2,519,211) ** (4,204,543)
CapitalgrantsfromDfE **4,934 ** 186,192
Net cashusedininvestingactivities **(2,444,109) ** (3,956,374)
Cashflowsfromfinancingactivities
Repaymentofbankloans **(495,682) ** (484,008)
Repaymentoffinanceleases **(82,756) ** (127,872)
Newcompositionfees **1,796,815 ** 1,971,128
Compositionfeesutilised **(2,098,203) ** (2,040,559)
**(879,826) ** (681,311)
**Change in cash and cash **
**equivalents in thereporting period ** **(209,453) ** (514,927)
Cashandcashequivalentsatthe
beginningofthereportingperiod **8,524,449 ** 9,039,376
**Cash and cash equivalents at the **
**end of the reportina period ** **8,314,996 ** **8,524,449 **
**Total ** Total
**2020 ** 2019
£ £ £ £
Netincomingresources **556,443 ** 3,181,302
Net(gains)onInvestments **(1,089) ** (979)
Depreciationcharge **2,262,140 ** 1,458,351
Profitondisposaloftangible assets **(21,565) ** (944)
CapitalgrantsfromDfEand othercapitalincome **(4,934) ** (186,192)
FRS102pensioncostless contributionspayable **20,000 ** 21,000
FRS102pensionfinancecost **3,000 ** 2,000
Investmentincome **(48,603) ** (48,193)
(lncrease)/Decreaseinstocks **(5,267) ** 11,869
Decrease/(lncrease)indebtors **746,079 ** (939,569)
(Decrease)/lncreaseincreditors **(391,722) ** 624,113
**2,558,039 ** 941,456
**Net cash provided by operating activities ** **3,114,482 ** 4,122,758
B
**Analysisof changes in net debt **
**At 1 August ** **Cash ** **Other ** At31July
**2019 ** **flows ** **non-cash ** **2020 **
**changes **
£ £ £ £
**Cash and cash equivalents **
**Cash ** 8,524,449 (209,453) **8,314,996 **
**Borrowings **
**Loans falling due within oneyear ** (491,249) (25,974) **(517,223) **
**Loans falling due after oneyear ** (2,708,910) 521,656 **(2,187,254) **
Finance lease obligations 82,756 (332,425) **(249,669) **
(3,200,159) 578,438 (332,425) **(2,954,146) **
**Total ** 5,324,290 368,985 (332,425) **5,360,850 **

Multi
academy
Unrestricted Restricted restricted **Total ** Total
funds funds fund 2020 2019
£ £ £ £ £
Investmentincome 2,267 2,267 2,176
Interestreceivable 45,602 439 295 **46,336 ** 46,017
45,602 2,706 295 **48,603 ** 48,193

Multi
Unrestricted academy
funds Restricted
restricted		 **Total ** Total
funds
fund		 **2020 ** 2019
£ £
£		 £ £
Grossfees 24,421,995 **24,421,995 ** 22,985,028
Less:Bursaries,scholarships andother
discounts (3,268,550) **(3,268,550) ** (1,998,750)
Addback:Scholarshipspaidforfrom
RestrictedFunds 42,846 **42,846 ** 24,426
21,196,291 **21,196,291 ** 21,010,704
Otherschoolcharges 1,124,230 **1,124,230 ** 1,158,028
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**FUNDING FOR EDUCATIONAL PURPOSES **
Multi
academy
restricted **Total ** Total
fund **2020 ** 2019
**DfE/ESFA revenue grants: ** £ £ £
GeneralAnnualGrant(GAG) 421,050 **421,050 ** 401,456
OtherDfE/ESFAGrants 54,595 54,595 35,928
**Other government grants: **
Localauthoritygrants 54,164 **54,164 ** 51,742
529,809 **529,809 ** 489,126

Multi
academy
Unrestricted Restricted restricted **Total ** Total
funds funds fund **2020 ** 2019
£ £ £ £ £
Fundraising expenses 178 773 **951 ** 8,441

Multi
academy
restricted
Unrestricted Restricted fund **Total ** Total
funds funds £ **2019 ** 2019
£ £ £ £
Trading expenses-Group 338,913 **338,913 ** 275,727
**PROVISION OF EDUCATION **
Multi
academy Permanent
Unrestricted Restricted restricted endowment **Total ** Total
funds funds fund fund **2020 ** 2019
£ £ £ £ £ £
Teaching 11,416,765 42,846 399,409 **11,859,020 ** 10,956,913
Welfare 2,150,888 16,765 **2,167,653 ** 2,487,513
Premises 5,587,880 88,374 **5,676,254 ** 4,408,184
Supportcostsofschooling 3,122,310 14,077 202,655 **3,339,042 ** 3,200,931
22,277,843 73,688 602,064 88,374 **23,041,969 ** 21,053,541
StaffDepreciation& Other **Total ** Total
costs impairment costs **2020 ** 2019
£ £ £ £ £
Teaching 9,970,328 282,651 1,606,041 **11,859,020 ** 10,956,913
Welfare 1,418,498 28,830 720,325 **2,167,653 ** 2,487,513
Premises 1,251,587 1,877,544 2,547,123 **5,676,254 ** 4,408,184
Supportcostsofschooling 1,390,103 73,115 1,875,824 **3,339,042 ** 3,200,931
14,030,516 2,262,140 6,749,313 **23,041,969 ** 21,053,541
Multi
academy
Unrestricted Restricted restricted **Total ** Total
funds funds fund **2020 ** 2019
£ £ £ £ £
Remuneration paidtoAuditorfor
auditoftheCharity'sfinancial
statements 20,600 20,600 20,000
Feespayable totheAuditorforother
services:
Auditrelatedassurance services 1,050 **1,050 ** 1,000
Auditofthe financialstatements of
subsidiaries 3,050 **3,050 ** 2,950
Taxcompliance services 1,840 **1,840 ** 1,745
Governors'training andexpenses 1,612 **1,612 ** 6,391
Othergovernance costs 14,717 6,100 20,817 18,623
42,869 6,100 **48,969 ** 50,709

**ST AFF COSTS **
**Total ** Total
2020 2019
£ £ £ £
Staffcostsduringtheyearwereasfollows:
Wagesand salaries 10,895,717 10,431,301
Socialsecurity costs **999,761 ** 945,979
Otherpensioncosts(seenote22)
DefinedBenefitSchemes **1,313,227 ** 921,635
DefinedContributionSchemes **139,729 ** 132,566
Lifeassurance **7,133 ** 2,360
**1,460,089 ** 1,056,561
13,355,567 12,433,841
Contractcateringstaffcosts **632,644 ** 750,762
Supplyteacher costs-NHMAT 377
Otherstaffrelatedcosts 42,305 42,462
**14,030,516 ** 13,227,442
Theaveragenumberofemployees,excluding contractcatering staff,analysedbyfunctionduringtheperiodwas as
follows:
Total Total
**2020 ** Total **2019 ** Total
Fulltime **2020 ** Fulltime **2019 **
Equivalent **Actual ** Equivalent **Actual **
Group number number number number
e
a		 4**0o ** 4 407 2no
tanttt
Welfare 27 36 30 49
Premises **47 ** 56 45 54
Schooladministration **43 ** 60 44 56
**305 ** **446 ** 306 462
**Total ** Total
**2020 ** 2019
**Number ** Number
£60,000-£70,000 3 2
£70,001-£80,000 2 2
£80,001-£90,000 1 1
£90,001-£100,000 1
£100,001-£110,000 1
£230,001-£240,000 1
£250,001-£260,000° 1

Grounds
improvements Fixtures,
Freehold &buildings furniture
landand under and Motor
buildings construction equipment vehicles **Total **
**GROUP ** £ £ £ £ £
**Cost or vaiuation **
At1August2019 27,040,387 2,850,162 6,466,737 141,922 **36,499,208 **
Additions 744,851 1,261,143 810,942 34,700 **2,851,636 **
Disposals/other
derecognition (599,904) (563,575) (50,562) **(1,214,041) **
Reclassification 3,391,487 (3,391,487)
**At 31 July 2020 ** **31,176,725 ** **119,914 ** **6,714,104 ** **126,060 ** **38,136,803 **
Cost 25,176,725 119,914 6,714,104 126,060 **32,136,803 **
Valuation(2005) 6,000,000 **6,000,000 **
31,176,725 119,914 6,714,104 126,060 **38,136,803 **
**Depreciation and **
**Impairment **
At1August2019 6,829,353 5,464,202 120,889 12,414,444
Disposals/other
derecognition (599,904) (563,575) (50,562) **(1,214,041) **
Depreciation 1,155,644 490,139 16,453 **1,662,236 **
Impairment 599,904 599,904
**At 31 July 2020 ** **7,984,997 ** **5,390,766 ** **86,780 ** **13,462,543 **
**Net book values **
**At 31July 2020 ** **23,191,728 ** **119,914 ** **1,323,338 ** **39,280 ** **24,674,260 **
At31July2019 20,211,034 2,850,162 1,002,535 21,033 24,084,764

Grounds
improvements Fixtures,
Freehold &buildings furniture
landand under and Motor
buildings construction equipment vehicles **Total **
**CHARITY ** £ £ £ £ £
**Cost or valuation **
At1August2019 25,722,666 2,850,162 6,365,465 141,922 **35,080,215 **
Additions 727,202 1,261,143 810,942 34,700 **2,833,987 **
Disposals/other
derecognition (599,904) (563,575) (50,562) **(1,214,041) **
Reclassification 3,391,487 (3,391,487)
**At 31 July 2020 ** **29,841,355 ** **119,914 ** **6,612,832 ** **126,060 ** **36,700,161 **
Cost 23,841,355 119,914 6,612,832 126,060 **30,700,161 **
Valuation(2005) 6,000,000 **6,000,000 **
29,841,355 119,914 6,612,832 126,060 **36,700,161 **
**Depreciation and **
**Impairment **
At1August2019 6,742,650 5,390,705 120,889 12,254,244
Disposals/other
derecognition (599,904) (563,575) (50,562) **(1,214,041) **
Depreciation 1,126,501 482,698 16,453 **1,625,652 **
Impairment 599,904 **599,904 **
**At31 July 2020 ** **7,869,151 ** **5,309,828 ** **86,780 ** **13,265,759 **
**Net bookvalues **
**At 31 July 2020 ** **21,972,204 ** **119,914 ** **1,303,004 ** 39,280 **23,434,402 **
At31July2019 18,980,016 2,850,162 974,760 21,033 22,825,971
**Total ** Total
**2020 ** 2019
**Charity and Group ** £ £
Contractedbutnotprovidedfor:-
Plantandmachinery 120,000
Groundimprovements **582,217 **
**582,217 ** 120,000

**FIXEDASSET INVESTMENTS **
**Listed **
**investment **
£
Group
Marketvalueat1August 2019 **52,668 **
Netunrealisedinvestmentgains 1,089
Marketvalueat31July 2020 53,757
Historicalcostofinvestments at31July2020 47,577
Sharesin
subsidiary Listed
company investments Total
**Charity ** £ £ £
Market valueat1August2019 2 52,668 52,670
Netunrealisedinvestmentgains 1,089 1,089
Market valueat31July2020 2 53,757 53,759
Costofinvestmentsat31July2020 2 47,577 47,579

AuditedfinancialstatementswillbefiledwiththeRegistrarofCompanies.
Total
2020
£		 Total
2019
(asrestated)
£
**Profit and loss account **
Turnover **357,821 ** 401,835
Costofsales **(276,495) ** (286,443)
Grossprofit 81,326 115,392
Administrative expenses **(54,569) ** (64,451)
Netprofit(netincome) **26,757 ** 50,941
Rentand servicespaidto school **(49,000) ** (50,501)
(Loss)/profitfor theyearbeforeGiftAid **(22,243) ** 440
AmountdonatedtoNewHallSchoolTrustviaGiftAid (3,866)
Retained (ioss)for the financiaiyear **(22,243) ** **(3,426) **
Theassets andliabilities ofNewHallSchoolEnterprisesLimitedwereas
follows:
Currentassets **117,938 ** 170,758
Currentliabilities **(137,648) ** (168,225)
Totalnet(liabilities)/assets **(19,710) ** 2,533
Sharecapitalandreserves **(19,710) ** 2,533
**Total ** Total
**2020 ** 2019
£ £
Total income **565,450 ** 720,436
Totalexpenditure **(602,837) ** (604,064)
Net(expenditure)/incomefor the year **(37,387) ** 116,372
Actuarial lossondefinedbenefitpensionscheme **(17,000) ** (30,000)
Netmovementinfunds **(54,387) ** 86,372
Theassets,liabilitiesandfundsofNHMATLimitedwere asfollows:
Fixed assets **1,239,858 ** 1,258,793
Currentassets **232,063 ** 240,918
Currentliabilities **(62,198) ** (75,600)
Definedbenefitpensionschemeliability **(214,000) ** (174,000)
Totalnetassets **1,195,723 ** 1,250,111
Funds:
Totalrestrictedfunds **1,108,483 ** 1,178,252
Unrestrictedincomefunds **87,240 ** 71,859
Totalfunds **1,195,723 ** 1,250,111

**DEBTORS **
**Group ** **Charity **
**2020 ** 2019 **2020 ** 2019
£ £ £ £
Schoolfees andrelatedcharges **299,599 ** 618,362 **299,599 ** 618,362
Amountduefromsubsidiarycompany **118,413 ** 114,327
Sundrydebtors 28,000 61,407 **22,355 ** 29,877
Prepaymentsand accruedincome **692,299 ** 1,086,208 **668,273 ** 1,034,827
**1,019,898 ** 1,765,977 **1,108,640 ** 1,797,393
Group Charity
**2020 ** 2019 **2020 ** 2019
£ £ £ £
Bankloans(note16) **517,223 ** 491,249 **517,223 ** 491,249
Trade creditors **345,987 ** 1,074,721 **317,499 ** 1,042,361
Taxationandsocialsecurity **248,796 ** 255,673 **239,417 ** 240,246
Other creditorsand accruals **1,818,204 ** 1,733,011 **1,783,892 ** 1,660,380
Financelease **110,704 ** 110,704
Tuitionfeesreceivedin advance **820,439 ** 673,202 **820,439 ** 673,202
Returnablefee depositsfrompupils **1,327,040 ** 1,215,581 **1,327,040 ** 1,215,581
Compositionfeesscheme(note17) **1,173,996 ** 1,291,339 **1,173,996 ** 1,291,339
**6,362,389 ** 6,734,776 **6,290,210 ** 6,614,358
**CREDITORS amounts falling due after more than oneyear **
**2020 ** 2019
Charity andgroup £ £
Bankloans(seebelow) **2,187,254 ** 2,708,91O
Financelease **138,965 **
Compositionfeesscheme(note17) **578,515 ** 762,560
**2,904,734 ** 3,471,470

**At ** At
31July 31July
CharityandGroup Loan1 Loan2 Loan3 Loan 4 **2020 ** 2019
£ £ £ £ £ £
After5years 167,124 226,293 **393,417 ** 788,612
Within2to5years 183,333 278,215 41,091 766,518 **1,269,157 ** 1,418,322
Within1to2years 156,972 90,809 28,709 248,190 **524,680 ** 501,976
340,305 536,148 69,800 1,241,001 2,187,254 2,708,910
Within1year 155,176 89,669 28,357 244,021 **517,223 ** 491,249
495,481 625,817 98,157 1,485,022 2,704,477 3,200,159
l**toroet roto **
Baserateplus: 0.95% 0.95% 0.95% 1.35%
September December February November
Loancommenced 2010 2010 2013 2013
August January November October
Finalrepayment 2030 2033 2030 2033

**2020 ** 2019
**Charity andgroup ** £ £
At1August2019 **2,053,899 ** 2,123,330
Newcontracts **1,796,815 ** 1,971,128
Feespaid **(2,126,759) ** (2,074,058)
Discountallowed **28,556 ** 33,499
At31July 2020 **1,752,511 ** 2,053,899
Assuming pupilswill remainintheSchoolthefeeswillbe appliedasfollows:
After5years **39,524 ** 25,753
Within 2to 5years **215,076 ** 278,715
Within1to2years **323,915 ** 458,092
**578,515 ** 762,560
Withinone year **1,173,996 ** 1,291,339
**1,752,511 ** 2,053,899
**18 ** **PERMANENT ENDOWMENT FUND **
**2020 ** 2019
**Charity andgroup ** £ £
At1August2019 **3,181,471 ** 3,269,845
Movementinfundforthe year:
Depreciationcharge **(88,374) ** (88,374)
At31July2020 **3,093,097 ** 3,181,471

**2020 ** 2019
Group £ £
At1August2019 **16,264,263 ** 14,222,787
Income 23,334,606 22,626,187
Expenditure **(22,616,756) ** (20,584,711)
Gains,lossesandtransfers **1,747,658 **
At31July2020 **18,729,771 ** 16,264,263
**2020 ** 2020
**Charity ** £ £
At1August2019 **16,261,733 ** 14,216,830
Income **23,176,276 ** 22,372,754
Expenditure **(22,445,439) ** (20,327,851)
Gains,lossesandtransfers **1,756,913 **
At31July 2020 **18,749,483 ** 16,261,733

At Gains, **At **
31July lossesand 31July
**Charity and group ** 2019 Income Expenditure transfers **2020 **
£ £ £ £ £
Building developmentfund 3,290,088 (1,770,622) **1,519,466 **

**Charity ** Gains,
**At ** losses **At **
31 July **and ** **31 July **
**2019 ** Income **Expenditure ** transfers **2020 **
£ £ £ £ £
**Scholarship funds ** 55,769 2,267 (2,260) 1,089 **56,865 **
**Other restricteddonations ** 40,586 (40,586)
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**New HallAssociation ** 66,876 452 (14,077) **53,251 **
144,696 46,386 (73,866) 14,798 **132,014 **
- -
**NHMAT funds **
**General Annual Grant (GAG) ** 23,066 421,049 (420,203) (12,715) **11,197 **
**StartUp Grants ** 60,252 - - - **60,252 **
**Other DfE/ESFA Grants ** 7,011 46,833 (47,358) - **6,486 **
**Pupil Premium ** 3,130 22,680 (21,120) - **4,690 **
**Local authority grants ** - 39,247 (39,247) -
-		 -
**Other restricted funds: **
**Pension reserve ** (174,000)
-		 (23,000) (17,000) **(214,000) **
**Fixed assetstransferred ** **on ** 1,042,802 - (15,678) - **1,027,124 **
**conversion **
**Capital expenditure ** 215,991 4,934 (20,906) 12,715 **212,734 **
Unrestrictedfunds 71,859 21,452 (15,325) 9,255 **87,241 **
1,250,111 556,195 (602,837) (7,745) 1,195,724
1,394,807 602,581 (676,703) 7,053 **1,327,738 **

**NHMAT ** **Permanent **
**General ** **Designated ** **Restricted ** **restricted ** **endowment ** **Total **
**Group ** **fund ** **fund ** **funds ** **funds ** **fund ** **funds **
£ £ £ £ £ £
**Fund balances at **
**31 July2020 **
**are represented by: **
Tangiblefixedassets 20,341,305 1,239,858 3,093,097 24,674,260
Fixed assetinvestments 53,757 **53,757 **
Netcurrentassets 1,293,200 1,519,466 78,257 169,866 **3,060,789 **
Creditors:amountsfallingdue
aftermorethanoneyear (2,904,734) **(2,904,734) **
Pensionschemeliability (214,000) **(214,000) **
**Total net assets ** **18,729,771 ** **1,519,466 ** **132,014 ** **1,195,724 ** **3,093,097 ** **24,670,072 **

**Permanent **
**General ** **Designated ** **Restricted ** **endowment **
**Charity ** **fund ** **fund ** **funds ** **fund ** **Total funds **
£ £ £ £ £
**Fund balances at **
31July**2020 **
**are represented by: **
Tangible fixed assets 20,341,305 3,093,097 **23,434,402 **
Fixed assetinvestments 2 53,757 **53,759 **
Netcurrentassets 1,312,910 1,519,466 78,257 **2,910,633 **
Creditors:amountsfalling due
aftermorethanoneyear (2,904,734) **(2,904,734) **
**Total net assets ** **18,749,483 ** **1,519,466 ** **132,014 ** **3,093,097 ** 23,494,060

**At ** **31 August ** At 31August
**2020 ** 2019
Discountrateforschemeliabilities **1.65% ** 1.85%
Rate ofincreaseinsalaries **3.20% ** 3.70%
Rateofincreaseforpensionsin payment/inflation **2.20% ** 2.20%
Inflationassumption(CPI) **2.20% ** 2.20%
**At 31 August ** At31August
**2020 ** 2019
_Retiring today _
Males **21.8 ** 21.3
Females **23.8 ** 23.6
_Retiring in 20 years _
Males 23.2 23.0
Females **25.2 ** 25.4
Sensitivity analysis **2020 ** 2019
£ £
Discountrate+0.1% **302,000 ** 327,000
Discountrate-0.1% **321,000 ** 343,000
Lifeexpectancy-
1yearincrease		 **322,000 ** 347,000
Lifeexpectancy-
1yeardecrease		 **300,000 ** 323,000
Salaryincrease+0.1% **311,000 ** 335,000
Salarydecrease-0.1% **311,000 ** 335,000
**Fair value at ** Fairvalueat
**31 August ** 1September
**2020 ** 2019
£ £
Equities **60,000 ** 101,000
Debtinstruments **5,000 ** 9,000
Property **8,000 ** 13,000
Gilts **4,000 ** 9,000
Cashand otherliquid assets **3,000 ** 5,000
Alternativeassets/othermanagedfunds **17,000 ** 24,000
**Total market value of assets ** 97,000 161,000
**2020 ** 2019
£ £
Currentservicecost **(43,000) ** (45,000)
Interestincome **3,000 ** 4,000
Interest cost **(6,000) ** (6,000)
**Total amount recognised in the Statement of financial activities ** **(46,000) ** (47,000)
angesinthepresentvalueofthe defined benefitobligationwere asfollows:
2020 2019
£ £
**At 1 September ** **335,000 ** 241,000
Currentservicecost **43,000 ** 41,000
Employeecontributions **6,000 ** 6,000
Interestcost **6,000 ** 6,000
Actuariallosses/(gains) **(33,000) ** 37,000
Estimatedbenefitspaidnetoftransfersin **(46,000) **
Pastservicecosts 4,000
**At 31 August ** **311,000 ** 335,000
angesinthefairvalueofthe academy'sshare ofschemeassetswere asfollows:
**2020 ** 2019
£ £
**At 1 September ** **161,000 ** 120,000
Interestincome **3,000 ** 4,000
Actuarial(losses)/gains **(50,000) ** 7,000
Employer contributions **23,000 ** 24,000
Employee contributions **6,000 ** 6,000
Estimated benefitspaid plusunfundednetoftransfersin **(46,000) **
**At 31 August ** **97,000 ** 161,000

**2020 ** 2019
£ £
**53,757 ** 52,668

**2020 ** 2019
**Land and ** Landand
**Charity andgroup ** **buildings ** **Equipment ** buildings Equipment
£ £ £ £
Operatingleasespaymentsinthe
followingperiods:
Withinone year **11,300 ** **57,976 ** 10,300 60,332
Withintwotofiveyears **49,200 ** **115,861 ** 48,200 101,411
Aftermorethanfive years **228,150 ** 240,450
**288,650 ** **173,837 ** 298,950 161,743
Expenditureforthe yearincludes
operatingleaserentals: **10,300 ** **79,261 ** 9,300 74,000

Multi
Academy
Permanent
Unrestricted Restricted Restricted
Endowment		 **Total **
Funds Funds Fund
Fund		 **2019 **
£ £ £ £ £
**Income and endowments from: **
**Charitable activities **
Schoolfees and other charges 22,168,732 **22,168,732 **
Fundingforeducationalpurposes 489,126 **489,126 **
Other 23,750 13 **23,763 **
**Other trading activities ** 409,122 4,482 26,727 **440,331 **
**Investments ** 44,967 2,700 526 **48,193 **
Donations 1,109,616 34,214 204,057 1,347,887
Total income 23,756,187 41,409 720,436 24,518,032
Expenditure on:
**Charitable activities **
Provisionofeducation 20,308,984 59,532 596,651 88,374 **21,053,541 **
**Raising funds **
Raising donations 1,028 7,413 **8,441 **
Trading:costofgoodssoldand
othercosts 275,727 **275,727 **
**Total expenditure ** 20,584,711 60,560 604,064 88,374 **21,337,709 **
Netlossesoninvestments 979 **979 **
**Net income/(expenditure) ** 3,171,476 (18,172) 116,372 (88,374) **3,181,302 **
Actuariallosseson definedbenefit
pensionscheme (30,000) **(30,000) **
**Net movement in funds ** 3,171,476 (18,172) 86,372
(88,374)		 **3,151,302 **
Balancesbroughtforward
at1August2018 16,382,875 162,868 1,163,739
3,269,845		 **20,979,327 **
**Balances carried forward **
**at 31 July 2019 ** 19,554,351 144,696 1,250,111 3,181,471 **24,130,629 **
**COMPARATIVE FUND NOTES **
**General Fund **
**2019 ** 2018
**Group ** £ £
At1August2018 14,222,787 12,278,343
Income **22,626,187 ** 21,334,232
Expenditure **(20,564,711) ** **(19,369,766) **
At31July2019 **16,264,263 ** 14,222,787
**2019 ** 2018
**Charity ** £ £
At1August 2018 **14,216,830 ** 12,271,849
Income **22,372,754 ** 21,153,571
Expenditure **(20,327,851) ** (19,208,590)
At31July2019 **16,261,733 ** 14,216,830

At Grains, **At **
31July lossesand 31 July
Charityand group 2018 Income Expenditure transfers **2019 **
£ £ £ £ £
Buildingdevelopment fund 2,160,088 1,130,000 **3,290,088 **
**Restricted Funds **
At Grains, **At **
31July losses and 31 July
**Charity ** 2018 Income Expenditure transfers **2019 **
£ £ £ £ £
Scholarshipfunds 54,789 **24,426 ** (24,425) 979 **55,769 **
NewHallVoluntary services 31,070 16,447 (25,466) **22,051 **
NewHallAssociation 77,009 536 (10,669) 66,876
162,868 41,409 (60,560) 979 **144,696 **
NHMAT funds
GeneralAnnualGrant(GAG) 74,320 401,456 (450,996) (1,714) **23,066 **
StartUpGrants 60,252 **60,252 **
OtherDfE/ESFAGrants 9,818 34,063 (36,870) **7,011 **
PupilPremium 3,080 18,605 (18,555) **3,130 **
Localauthoritygrants 35,002 (35,002)
Otherrestrictedfunds
Pensionreserve (121,000) (23,000) (30,000) **(174,000) **
Fixedassetstransferredonconversion 1,058,480 (15,678) **1,042,802 **
Capitalexpenditure 38,776 186,192 (10,691) 1,714 **215,991 **
Unrestrictedfunds 40,013 45,118 (13,272) 71,859
1,163,739 720,436 (604,064) (30,000) **1,250,111 **
**Total Charity and group ** 1,326,607 761,845 (664,624) (29,021) **1,394,807 **
**NHMAT ** Permanent
General Designated Restricted restricted endowment Total
Group fund fund funds funds fund funds
£ £ £ £ £ £
Fundbalancesat
31July2019
are representedby:
Tangible fixed assets 19,644,500 1,258,793 3,181,471 24,084,764
Fixed assetinvestments 52,668 52,668
Netcurrentassets 91,233 3,290,088 92,028 165,318 3,638,667
Creditors:amountsfallingdue
aftermorethanoneyear (3,471,470) (3,471,470)
Pensionschemeliability (174,000) (174,000)
Totalnetassets 16,264,263 3,290,088 144,696 1,250,111 3,181,471 24,130,629
Permanent
General Designated Restricted endowment
Charity fund fund funds fund Totalfunds
£ £ £ £ £
Fundbalancesat
31July2019
arerepresentedby:
Tangiblefixedassets 19,644,500 3,181,471 22,825,971
Fixedassetinvestments 52,670 52,670
Net currentassets 88,703 3,290,088 92,026 3,470,817
Creditors:amountsfallingdue
aftermorethanoneyear (3,471,470) (3,471,470)
Total netassets 16,261,733 3,290,088 **144,696 ** **3,181,471 ** 22,877,988