| Contents | Page |
|---|---|
| ReferenceandAdministrativeDetails | 1 |
| Trustees'Report | 3 |
| StrategicReport | 8 |
| IndependentAuditorsReport | 23 |
| ConsolidatedStatementofFinancialActivities | 26 |
| ConsolidatedandParentCharityBalanceSheets | 27 |
| ConsolidatedCashflowStatement | 28 |
| PrincipalAccountingPolicies | 30 |
| NotestotheFinancialStatements | 34 |
| (1) | (2) | (3) | (4) | (5) | ||
|---|---|---|---|---|---|---|
| DrMEdelsten(Chair,until06/12/2023) | Resigned06/12/2023 | • | • | • | • | • |
| JAldridge | Resigned06/12/2023 | • | ||||
| DBuxton | Deceased07/09/2023 | • | ||||
| MCatchpole | Appointed01/01/2024 | a | ||||
| JCroom | • | |||||
| MDay | • | • | • | |||
| CFischer | Appointed01/01/2024 | |||||
| KJeffrey*(Principal) | • | • | • | • *` | • | |
| NKhattar | Appointed01/01/2024 | |||||
| JPeake(ViceChair) | Notreappointed22/03/2023 | a | a | |||
| OSlater | Resigned06/12/2023 | • | ||||
| YSutton | • | |||||
| AWilliams | • | |||||
| PMWilson | • | |||||
| PRWilson(Chair,from06/12/2023) | • |
| Principaladdress | NewHallSchool |
|---|---|
| TheAvenue | |
| Boreham | |
| Chelmsford | |
| EssexCM33HS | |
| Auditor | RSMUKAuditLLP |
| BlenheimHouse | |
| NewmarketRoad | |
| BuryStEdmunds | |
| SuffolkIP333SB | |
| Bankers | NationalWestminsterBankplc |
| 4-5HighStreet | |
| Chelmsford | |
| EssexCM11BL | |
| Solicitors | BirkettsLLP |
| ProvidenceHouse | |
| 141-145PrincesStreet | |
| Ipswich | |
| Suffolk | |
| IP11QJ | |
| Website | www.newhallschool.co.uk |
NEW HALL SCHOOL TRUST TRUSTEES' REPORT FOR THE YEAR ENDED 31 JULY 2023
The ethos of the charity
At NHST, the ethos is inspired by the founding Religious Community, The Canonesses oflhe Order of the Holy Sepulchre; their beliefs and values remain essential to the character of the charity today. The distinctive Catholic ethos of the School has a special emphasis on welcome, community, prayer and service to others. The charity, in accordance with its objects, founding ethos and aims, seeks to support students, and those in the wider community, in their faith development. The charity also lives out Christian beliefs and values through community work, hospitality and voluntary and charitable service to those in need.
When setting the objectives and planning the work of the charity for the year, the Trustees have given careful consideration to the Charity Commission's general guidance on public benefit and in particular to its supplementary guidance on the advancement of religion, advancing education and fee charging. The principal work of the charily during the year was to own and operate an independent school for day and boarding students between the ages of 1 and 18. In July 2023, there were 1,323 students, of whom 220 were boarders.
The distinctive 'diamond model' school structure, established from 2006, is one in which students are educated in co educational classes from 1-11, in single-sex classes from 11-16, and in co-educational classes at Sixth Form. The School continues to believe that this model gives the best of both worlds, wilh the optimal combination of single-sex and co educational teaching at appropriate stages of students' development. The School won the overall TES Independent School of the Year 2016-17 as well as the TES Financial/Commercial (Green Travel & Transport Strategy) Initiative of the Year. The School was also in the final shortlists for Governing Body of the Year and Senior Leadership Team of the Year. Katherine Jeffrey, Principal, was shortlisted for the TES Headteacher of the Year Award in 2015. The School was on the national shortlist in 2014, for the TES Independent School Award (ISA) for Boarding Initiative of the Year and for Best Independent-Maintained School Collaboration (in relation to the sponsorship of Messing Primary School). The School won the national Independent Schools Award (ISA), 2011, for Outstanding Strategic Initiative, for the excellence of this development initiative and the consequent successful expansion and improvement of the School.
Following the opening of a Senior School Boys' Division in 2006, the School has expanded and now has boys in all year groups and overall equal numbers of girls and boys. NHST provides the only Catholic independent school provision for senior school aged boys in the Diocese of Brentwood.
AIMS, OBJECTIVES AND ACTIVITIES
Towards the end of the academic year 2016-17, the Mission & Ethos Statement was reviewed and amended, as follows, in light of feedback from students, staff and Governors:
New Hall, a Catholic boarding and day school, provides the best start in life, enabling students to meet confidently the challenges of the wider world. Here academic excellence is achieved in surroundings where relationships are based on care, trust and respect.
We welcome students from many traditions, building a Christian community that has at its heart prayer and service to others.
Strategic Aims of New Hall School
-
(1) To promote the Catholic life of the School and provide outstanding Religious Education
-
(2) To be an outstanding and caring educator of all students
-
(3) To recruit, support and develop outstanding staff
-
(4) To provide outstanding learning opportunities through the co-curriculum
-
(5[)] To promote New Hall's reputation as a distinctive school of choice
-
(6) To share our ethos, grow and innovate
-
(7[) To ensure the on-going security of the School's financial future, and ensure affordability of fees, while continuing to ] invest in improving the quality of education
Governing Body
Details of Trustees (who are also Governors of the School), including those who served during the year and those in office at the date the financial statements were signed, are listed in the "reference and administrative details" on page 1 of this report. Governors with children attending the School are on the same commercial terms as other parents.
Page 4
NEW HALL SCHOOL TRUST TRUSTEES' REPORT FOR THE YEAR ENDED 31 JULY 2023
The focus of provision for all children with SEND was quality first teaching, supported by targeted intervention. This support was directed and monitored by the Nursery Division Manager, the SEND Co-ordinator (SENDCo) (Preparatory Divisions) and the Head of Learning Development (Senior Divisions), each of whom acted as SENDCo for their Division. In addition to this, children were supported by a team of six Learning Support & Cover Assistants (LSCAs) and six Teaching & Cover Assistants (TCAs). We have also worked with a Speech & Language Therapist and a Dyslexia Tutor who have provided specialist support for children within the Preparatory Divisions.
All staff receive SEND training as part of the annual in-service training (INSET) programme. This year, staff within the Nursery and Preparatory Divisions also received training on the new Phonics scheme and all Senior Divisions staff were trained on the accessibility software that is available on iPads to assist children with SEND. A number of staff received training to further support children with SEND across the School. The SENDCo (Preparatory Divisions) completed the National Award for SEN Coordination (NASENCo). All training is fully funded by the School.
Catholic life
New Hall is the one of the largest Catholic independent boarding and day schools in the UK. New Hall also provides the only Catholic independent senior school provision in the Diocese of Brentwood, which covers all of Essex and five East London boroughs.
Page 9
NEW HALL SCHOOL TRUST TRUSTEES' REPORT FOR THE YEAR ENDED 31 JULY 2023
The restricted funds of £97,919 of the School include unexpended balances of donations and grants held on trust. These have either been raised for, and their use restricted to, specific purposes or they comprise donations subject to donor imposed conditions. There is also a restricted fund balance of £1,330,422 (£1,280,150 in 2022) which represents the funds of New Hall Multi Academy Trust. Full details of these restricted funds can be found in note 21 to the financial statements together with an analysis of movements in the year.
The total free reserves of the Group are considered to be £(1,046,094) (£718,672 in 2022), after deducting restricted and endowment funds within the group and tangible fixed assets (net of related loans and fixed assets within the endowment and restricted fixed asset funds) of £28,989,117 (£26,179,412 in 2022).
The Trustees have considered carefully an appropriate target level for the Group's free reserves, albeit they acknowledge that the need to continue to invest significantly in the School's facilities may mean that any target is a long-term aim. Having regard to the likelihood of financial risks and mitigating factors, the Trustees consider the target level of free reserves should be approximately 6 to 8 weeks expenditure (currently £2.4 million to £3.2 million). At 31 July 2023, free reserves are significantly below this range, but cash reserves are significantly above it. In essence, this is due to capital spend in the year, driven by the one-off purchase of the New Hall Park Farm site, being significantly in excess of the surplus for the year.
In response to the economic climate, the possibility of the imposition of VAT on School Fees in the near future and the increase in the Teachers' Pension Scheme contribution rate, the School has scrutinised the scope of capital projects and is amending these lo focus spend on areas which add the most value for the size of spend. This will have the effect of decreasing capital spend, hence also depreciation. The effect of an increase in surplus and a decrease in capital spend will be to raise free reserves back to the Trustees' target in the near medium term.
The policy, therefore, remains to continue to hold free reserves within the target range, subject to the need to undertake capital projects required to enhance and maintain the educational facilities. The target level will, as before, remain under review by the Trustees, particularly with regard to the impact of and tax or regulatory changes and any resulting impact on cash flow.
Donations
Donations received by New Hall School for the year to 31 July 2023 were £55,054 (£9,430 in 2022).
Prior to 1 August 2021, the School received a donation of £3,290,088, from a donor who wishes to remain anonymous with respect to the donation. Due to the nature of the donation, in the context of compensatory measures relating to the housing development around the School and the consequent loss of open space, the donation was designated by the School's Trustees for a land acquisition project during the next 5 years.
In December 2022, the School acquired a property which would enable an expansion both of scope and quality of educational provision to pupils and students at the School. The property, New Hall Park Farm, is described more fully in the Premises section earlier in this Report.
Investment policy, objectives and performance
The charity has one holding invested in a Common Investment Fund, representing funds donated to support scholarship awards. The charity's investment objectives are to generate income to support these awards, while providing security of the capital sum.
The Trustees are satisfied with the overall performance of the charity's investments.
Carbon emissions reporting
The Companies (Directors' Report) and Limited Liability Partnerships (Energy and Carbon Report) Regulations 2018 came into force on 1 April 2019 for accounting periods commencing on or after that date.
UK Greenhouse gas emissions and energy use for the Group:
Energy Consumption used to calculate emissions 1 August 2022 to 31 July 2023
| Total Consumption: | |||
|---|---|---|---|
| Consumption | Measure | 2023 | 2022 |
| Electricity | per kWh | 1,985,996 | 2,103,558 |
| Liquid fuels | per litre | 483,218 | 464,533 |
| Gas | per litre/kWh | 101,059 | 115,487 |
| Transport Fuel | per litre | 41,730 | 38.067 |
Page 20
| Scope1Emissions | MetrictonnestCO2e: | MetrictonnestCO2e: |
|---|---|---|
| Liquidfuels | 1,234.7 | 1,181.9 |
| Gas | 68.9 | 75.7 |
| TransportFuel | 104.2 | 96.8 |
| Scope2Emissions | ||
| PurchasedElectricity | 384.1 | 406.8 |
| Total | 1,791.9 | 1,761.2 |
| IntensityRatio | 1.26tCO2eperpupil | 1.23tCO2eperpupil |
| Averagenumberof | 1,419 | 1,435 |
| pupils |
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NEW HALL SCHOOL TRUST (CONTINUED)
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent charitable company and their environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report, or the Strategic Report included within the Trustees' Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
-
adequate accounting records have not been kept by the parent charitable company, or returns adequate for our audit have not been received from branches not visited by us; or
-
the parent charitable company financial statements are not in agreement with the accounting records and returns; or
-
certain disclosures of trustees' remuneration specified by law are not made; or
-
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Statement of Trustees' responsibilities set out on page 22 the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the group's and parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or parent charitable company or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which the audit was considered capable of detecting irregularities, including fraud
Irregularities are instances of non-compliance with laws and regulations. The objectives of our audit are lo obtain sufficient appropriate audit evidence regarding compliance with laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements, to perform audit procedures to help identify instances of non-compliance with other laws and regulations that may have a material effect on the financial statements, and to respond appropriately to identified or suspected non-compliance with laws and regulations identified during the audit.
In relation to fraud, the objectives of our audit are to identify and assess the risk of material misstatement of the financial statements due to fraud, to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud through designing and implementing appropriate responses and to respond appropriately to fraud or suspected fraud identified during the audit.
However, it is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud.
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, the group audit engagement team:
-
obtained an understanding of the nature of the sector, including the legal and regulatory framework that the group and parent charitable company operates in and how the group and parent charitable company are complying with the legal and regulatory framework;
-
inquired of management, and those charged with governance, about their own identification and assessment of the risks of irregularities, including any known actual, suspected or alleged instances of fraud;
-
discussed matters about non-compliance with laws and regulations and how fraud might occur including assessment of how and where the financial statements may be susceptible to fraud.
Page 24
Claire Sutherland
25/03/24
| Multi | |||||||
|---|---|---|---|---|---|---|---|
| Academy | Permanent | ||||||
| Unrestricted | Restricted | Restricted | Endowment | Total | Total | ||
| Notes | Funds |
Funds | Fund | Fund | 2023 | 2022 | |
| £ | £ | £ | £ | £ | £ | ||
| Incomeandendowments | |||||||
| from: | |||||||
| Donations | 47,000 | 8,054 | 75,397 | 130,451 | 18,532 | ||
| Charitableactivities | |||||||
| Schoolfeesandothercharges | 2 | 26,110,559 | 26,110,559 | 24,672,319 | |||
| Fundingforeducational | |||||||
| purposes | 3 | - | .. | 568,317 | 568,317 | 555,633 | |
| Other | 70,093 | 12 | - | 70,105 | 59,313 | ||
| Othertradingactivities | 312,903 | - | 18,372 | 331,275 | 276,382 | ||
| Investments | 1 | 40,731 | 3,907 | 826 | 45,464 | 12,409 | |
| Otherincome | 4 | - | - | - | 1,482 | ||
| Totalincome | 26,581,286 | 11,973 | 662,912 | - | 27,256,171 | 25,596,070 | |
| Expenditureon: | |||||||
| Charitableactivities | |||||||
| Provisionofeducation | 7 | 25,185,608 | 24,484 | 687,361 | 88,374 | 25,985,827 | 24,361,669 |
| Raisingfunds | |||||||
| Raisingdonations | 5 | 3,359 | 1,279 | 4,638 | 7,265 | ||
| Trading:costofgoodssold | |||||||
| andothercosts | 6 | 290,511 | 290,511 | 233,327 | |||
| Totalexpenditure | 25,476,119 | 27,843 | 688,640 | 88,374 | 26,280,976 | 24,602,261 | |
| Net(losses)oninvestments | 13 | (6,257) | (6,257) | (7,019) | |||
| Netincome/(expenditure) | 1,105,167 | (22,127) | (25,728) | (88,374) | 968,938 | 986,790 | |
| Transfersbetweenfunds | (4,500) | 4,500 | |||||
| Actuarialgains/(losses)on | |||||||
| definedbenefitpension | |||||||
| scheme | - | 76,000 | 76,000 | 244,000 | |||
| Netmovementinfunds | 1,100,667 | (17,627) | 50,272 | (88,374) | 1,044,938 | 1,230,790 | |
| Balancesbroughtforward | |||||||
| at1August2022 | 22,586,040 | 115,546 | 1,280,150 | 2,916,349 | 26,898,085 | 25,667,295 | |
| Balancescarriedforward | |||||||
| at31July2023 | 23,686,707 | 97,919 | 1,330,422 | 2,827,975 | 27,943,023 | 26,898,085 |
| Group | Group | Charity | Charity | ||
|---|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | ||
| Notes | £ | £ | £ | £ | |
| Fixedassets | |||||
| Tangibleassets | 12 | 33,351,326 | 27,616,943 | 32,228,829 | 26,450,385 |
| Investments | 13 | 38,087 | 44,344 | 38,089 | 44,346 |
| 33,389,413 | 27,661,287 | 32,266,918 | 26,494,731 | ||
| Currentassets | |||||
| Stocks | 94,886 | 110,576 | 44,028 | 60,510 | |
| Debtors | 14 | 884,066 | 753,126 | 845,544 | 702,026 |
| Cashatbankandinhand | 6,151,352 | 6,118,580 | 5,873,130 | 5,908,866 | |
| 7,130,304 | 6,982,282 | 6,762,702 | 6,671,402 | ||
| Currentliabilities | |||||
| Creditorspayablewithinoneyear | 15 | (7,262,978) | (6,037,424) | (7,095,375) | (5,882,773) |
| Netcurrent(liabilities)/assets | (132,674) | 944,858 | (332,673) | 788,629 | |
| Totalassetslesscurrent | |||||
| liabilities | 33,256,739 | 28,606,145 | 31,934,245 | 27,283,360 | |
| Longtermliabilities | |||||
| Creditorspayableafteroneyear | 16 | (5,313,716) | (1,635,060) | (5,313,716) | (1,635,060) |
| Pensionschemeliability | 23 | (73,000) | |||
| Totalnetassets | 27,943,023 | 26,898,085 | 26,620,529 | 25,648,300 | |
| Representedby: | |||||
| Fundsandreserves | |||||
| Capitalfunds | |||||
| Permanentendowmentfund | 18 | 2,827,975 | 2,916,349 | 2,827,975 | 2,916,349 |
| Charitableincomefunds | |||||
| Unrestrictedfunds | |||||
| Generalfund | 19 | 23,686,707 | 21,066,574 | 23,694,635 | 21,096,939 |
| Designatedfund | 20 | 1,519,466 | 1,519,466 | ||
| Restrictedfunds | 21 | 97,919 | 115,546 | 97,919 | 115,546 |
| MultiAcademyrestrictedfund | 21 | 1,330,422 | 1,280,150 | ||
| 27,943,023 | 26,898,085 | 26,620,529 | 25,648,300 |
| Total | Total | ||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Notes | |||||
| Cashflowsfromoperatingactivities | |||||
| Netcashprovidedbyoperating | |||||
| activities | A | 3;439,143 | 3,781,077 | ||
| Cashflowsfrominvestingactivities | |||||
| Interestandinvestmentincome | |||||
| received | 45,464 | 12,409 | |||
| Proceedsfromsaleoftangiblefixedassets | 6,050 | ||||
| Paymentfortangiblefixedassets | (7,415,126) | (5,019,677) | |||
| CapitalgrantsfromDfE | 16,681 | 4,968 | |||
| Netcashusedininvestingactivities | (7,352,981) | (4,996,250) | |||
| Cashflowsfromfinancingactivities | |||||
| Newbankloan | 3,500,000 | ||||
| Repaymentofbankloans | (498,615) | (528,888) | |||
| Repaymentoffinanceleases | (165,146) | (137,127) | |||
| Newcompositionfees | 2,403,211 | 1,518,711 | |||
| Compositionfeesutilised | (1,292,840) | (1,763,852) | |||
| 3,946,610 | (911,156) | ||||
| Changeincashandcash | |||||
| equivalentsInthereportingperiod | 32,772 | (2,126,329) | |||
| Cashandcashequivalentsatthe | |||||
| beginningofthereportingperiod | 6,118,580 | 8,244,909 | |||
| Cashandcashequivalentsatthe | |||||
| endofthereportingperiod | 6,151,352 | 6,118,580 |
| A Reconciliationofnetincometonetcashflowf |
rom operatingactiv | ities | ||
|---|---|---|---|---|
| Total | Total | |||
| 2023 | 2022 | |||
| £ | £ | £ | £ | |
| Netincome | 968,938 | 986,790 | ||
| Netlossesoninvestments | 6,257 | 7,019 | ||
| Depreciationcharge | 2,122,925 | 2,581,719 | ||
| Profitondisposaloftangibleassets | (5,450) | |||
| CapitalgrantsfromDfEandothercapitalincome | (16,681) | (4,968) | ||
| FRS102pensioncostlesscontributionspayable | 1,000 | 37,000 | ||
| FRS102pensionfinancecost | 2,000 | 4,000 | ||
| Investmentincome | (45,464) | (12,409) | ||
| Decrease/(increase)instocks | 15,690 | (23,327) | ||
| (Increase)/Decreaseindebtors | (130,940) | 15,698 | ||
| Increaseincreditors | 515,418 | 195,005 | ||
| 2,470,205 | 2,794,287 | |||
| Netcashprovidedbyoperatingactivities | 3,439,143 | 3,781,077 |
| Non-cashchanges | Non-cashchanges | ||||
|---|---|---|---|---|---|
| New | Othernon- | ||||
| At1August | finance | cash | At31July | ||
| 2022 | Cashflows | leases | changes | 2023 | |
| £ | £ | £ | £ | £ | |
| Cashatbankandinhand | 6,118,580 | 32,772 | 6,151,352 | ||
| Bankloans | (507,389) | 498,615 | (424,398) | (433,172) | |
| Debtduewithin1year | (507,389) | 498,615 | - | (424,398) | (433,172) |
| Bankloans | (1,159,279) | (3,500,000) | 424,398 | (4,234,881) | |
| Debtdueafter1year | (1,159,279) | (3,500,000) | 424,398 | (4,234,881) | |
| Obligationsunderfinancelease | (53,885) | 165,146 | (334,618) | - | (223,357) |
| Totalnetdebt | 4,398,027 | (2,803,467) | (334,618) | 1,259,942 |
| Multi | |||||
|---|---|---|---|---|---|
| academy | |||||
| Unrestricted | Restricted | restricted | Total | Total | |
| funds | funds | fund | 2023 | 2022 | |
| £ | £ | £ | £ | £ | |
| Investmentincome | - | 1,269 | 1,269 | 1,632 | |
| Interestreceivable | 40,731 | 2,638 | 826 | 44,195 | 10,777 |
| 40,731 | 3,907 | 826 | 45,464 | 12,409 |
| Multi | |||||
|---|---|---|---|---|---|
| Unrestricted | academy | ||||
| funds | Restricted | restricted | Total | Total | |
| funds | fund | 2023 | 2022 | ||
| £ | £ | £ | £ | £ | |
| Grossfees | 25,947,897 | 25,947,897 | 25,070,299 | ||
| Less:Bursaries,scholarshipsandother | |||||
| discounts | (2,117,585) | - | (2,117,585) | (1,940,987) | |
| Addback:Scholarshipsandbursariespaid | |||||
| forfromRestrictedFunds | 2,415 | 2,415 | 1,682 | ||
| 23,832,727 | - | 23,832,727 | 23,130,994 | ||
| Otherschoolcharges | 2,277,832 | - | 2,277,832 | 1,541,325 | |
| 26,110,559 | - | 26,110,559 | 24,672,319 |
| Multi | |||
|---|---|---|---|
| academy | |||
| restricted | Total | Total | |
| fund | 2023 | 2022 | |
| DfE/ESFArevenuegrants: | £ | £ | £ |
| GeneralAnnualGrant(GAG) | 457,076 | 457,076 | 464,732 |
| OtherDfE/ESFAGrants | 80,323 | 80,323 | 68,264 |
| Othergovernmentgrants: | |||
| Localauthoritygrants | 30,918 | 30,918 | 22,637 |
| 568,317 | 568,317 | 555,633 |
EXPENDITUREONTRA |
DING:COSTOF | GOODSSOLD | ANDOTHER | COSTS | |||
|---|---|---|---|---|---|---|---|
| Multi | |||||||
| academy | |||||||
| restricted | |||||||
| Unrestricted | Restricted | fund | Total | Total | |||
| funds | funds | 2023 | 2022 | ||||
| £ | £ | £ | £ | ||||
| Tradingexpenses | 290,511 | 290,511 | 233,327 | ||||
PROVISIONOFEDUCATION |
|||||||
| Multi | |||||||
| academy | Permanent | ||||||
| Unrestricted | Restricted | restricted | endowment | Total | Total | ||
| funds | funds | fund | fund | 2023 | 2022 | ||
| £ | £ | £ | £ | £ | £ | ||
| Teaching Welfare |
11,772,265 3,019,959 |
2,415 21,169 |
434,963 | 12,209,643 3,041,128 |
11,063,871 2,705,805 |
||
| Premises | 6,039,371 | - | 88,374 | 6,127,745 | 6,645,200 | ||
| Supportcostsofschooling | 4,354,013 | 900 | 252,398 | 4,607,311 | 3,946,793 | ||
| 25,185,608 | 24,484 | 687,361 | 88,374 | 25,985,827 | 24,361,669 | ||
| StaffDepreciation& | Other | Total | Total | ||||
| costs | impairment | costs | 2023 | 2022 | |||
| £ | £ | £ | £ | £ | |||
| Teaching Welfare |
9,648,088 1,900,119 |
311,626 24,037 |
2,249,929 1,116,972 |
12,209,643 3,041,128 |
11,063,871 2,705,805 |
||
| Premises | 1,307,978 | 1,739,187 | 3,080,580 | 6,127,745 | 6,645,200 | ||
| Supportcostsofschooling | 1,383,089 | 48,075 | 3,176,147 | 4,607,311 | 3,946,793 | ||
| 14,239,274 | 2,122,925 | 9,623,628 | 25,985,827 | 24,361,669 |
GOVERNANCEINCLUDEDINSU |
PPORTCOST | S | |||
|---|---|---|---|---|---|
| Multi | |||||
| academy | |||||
| Unrestricted | Restricted | restricted | Total | Total | |
| funds | funds | fund | 2023 | 2022 | |
| £ | £ | £ | £ | £ | |
| RemunerationpaidtoAuditorfor | |||||
| auditoftheCharity'sfinancial | |||||
| statements | 32,000 | 32,000 | 28,325 | ||
| FeespayabletotheAuditorforother | |||||
| services: | |||||
| Auditrelatedassuranceservices | 1,200 | - | 1,200 | 1,100 | |
| Auditofthefinancialstatementsof | |||||
| subsidiaries | 3,600 | 3,600 | 3,275 | ||
| Taxcomplianceservices | 2,535 | 2,535 | 2,040 | ||
| Governors'trainingandexpenses | 1,342 | - | 1,342 | 3,111 | |
| Othergovernancecosts | 41,092 | 12,535 | 53,627 | 38,241 | |
| 81,769 | 12,535 | 94,304 | 76,092 |
STAFFCOSTS |
||||
|---|---|---|---|---|
| Total | Total | |||
| 2023 | 2022 | |||
| £ | £ | £ | £ | |
| Staffcostsduringtheyearwereasfollows: | ||||
| Wagesandsalaries | 10,682,472 | 10,255,846 | ||
| Socialsecuritycosts | 1,109,676 | 1,066,452 | ||
| Otherpensioncosts(seenote23) | ||||
| DefinedBenefitSchemes | 1,216,264 | 1,217,535 | ||
| DefinedContributionSchemes | 185,426 | 174,794 | ||
| Lifeassurance | 2,026 | 1,965 | ||
| 1,403,716 | 1,394,294 | |||
| 13,195,864 | 12,716,592 | |||
| Contractcateringstaffcosts | 964,970 | 867,871 | ||
| Otherstaffrelatedcosts | 78,440 | 53,308 | ||
| 14,239,274 | 13,637,771 |
| Theaveragenumberofemployees follows: |
,excludingcontractcaterings | taff,analysedby | functionduringthe | periodwasas |
|---|---|---|---|---|
| Total | Total | |||
| 2023 | Total | 2022 | Total | |
| Fulltime | 2023 | Fulltime | 2022 | |
| Equivalent | Actual | Equivalent | Actual | |
| Group | number | number | number | number |
| Teaching | 178 | 211 | 167 | 215 |
| Welfare | 27 | 35 | 21 | 30 |
| Premises | 39 | 48 | 45 | 58 |
| Schooladministration | 39 | 47 | 40 | 53 |
| 283 | 341 | 273 | 356 |
| Thenumberofemployeeswhoearned£60,000ormo contributions)duringtheperiodwasasfollows: |
re(includingtaxablebenefitsbutexcludinge | mployerpensi |
|---|---|---|
| Total | Total | |
| 2023 | 2022 | |
| Number | Number | |
| £60,000-£70,000 | 8 | 5 |
| £70,001-£80,000 | 4 | 3 |
| £80,001-£90,000 | 1 | |
| £100,001-£110,000 | 1 | |
| £110,001-£120,000 | 1 | |
| £120,001-£130,000 | 1 | |
| £320,001-£330,000* | 1 | 1 |
| ANGIBLEFIXEDASSET | S | ||||
|---|---|---|---|---|---|
| Grounds | |||||
| improvements | Fixtures, | ||||
| Freehold | &buildings | furniture | |||
| landand | under | and | Motor | ||
| buildings | construction | equipment | vehicles | Total | |
| GROUP | £ | £ | £ | £ | £ |
| Costorvaluation | |||||
| At31July2022 | 38,464,387 | 103,327 | 7,152,053 | 160,620 | 45,880,387 |
| Additions | 5,584,767 | 1,724,173 | 548,368 | 7,857,308 | |
| Disposals | - | (332,425) | (332,425) | ||
| At31July2023 | 44,049,154 | 1,827,500 | 7,367,996 | 160,620 | 53,405,270 |
| Cost | 38,049,154 | 1,827,500 | 7,367,996 | 160,620 | 47,405,270 |
| Valuation(2005) | 6,000,000 | - | 6,000,000 | ||
| 44,049,154 | 1,827,500 | 7,367,996 | 160,620 | 53,405,270 | |
| Depreciationand | |||||
| Impairment | |||||
| At31July2022 | 11,801,934 | 6,338,146 | 123,364 | 18,263,444 | |
| Disposals | (332,425) | (332,425) | |||
| Depreciation | 1,600,847 | 505,586 | 16,492 | 2,122,925 | |
| At31July2023 | 13,402,781 | 6,511,307 | 139,856 | 20,053,944 | |
| Netbookvalues | |||||
| At31July2023 | 30,646,373 | 1,827,500 | 856,689 | 20,764 | 33,351,326 |
| At31July2022 | 26,662,453 | 103,327 | 813,907 | 37,256 | 27,616,943 |
| Grounds | |||||
|---|---|---|---|---|---|
| improvements | Fixtures, | ||||
| •Freehold | &buildings | furniture | |||
| landand | under | and | Motor | ||
| buildings | construction | equipment | vehicles | Total | |
| CHARITY | |||||
| Costorvaluation | |||||
| At31July2022 | 37,112,426 | 103,327 | 7,050,782 | 160,620 | 44,427,155 |
| Additions | 5,584,767 | 1,724,173 | 548,367 | 7,857,307 | |
| Disposals | - | - | (332,425) | (332,425) | |
| At31July2023 | 42,697,193 | 1,827,500 | 7,266,724 | 160,620 | 51,952,037 |
| Cost | 36,697,193 | 1,827,500 | 7,266,724 | 160,620 | 45,952,037 |
| Valuation(2005) | 6,000,000 | - | - | 6,000,000 | |
| 42,697,193 | 1,827,500 | 7,266,724 | 160,620 | 51,952,037 | |
| Depreciationand | |||||
| Impairment | |||||
| At31July2022 | 11,608,585 | 6,244,821 | 123,364 | 17,976,770 | |
| Disposals | (332,425) | (332,425) | |||
| Depreciation | 1,561,652 | 500,719 | 16,492 | 2,078,863 | |
| At31July2023 | 13,170,237 | 6,413,115 | 139,856 | 19,723,208 | |
| Netbookvalues | |||||
| At31July2023 | 29,526,956 | 1,827,500 | 853,609 | 20,764 | 32,228,829 |
| At31July2022 | 25,503,841 | 103,327 | 805,961 | 37,256 | 26,450,385 |
| Ca | pit | alcommitments | ||
|---|---|---|---|---|
| At | 31 | July2023thegroupandcharityhadthefollowingcapitalcommitments: | ||
| Total | Total | |||
| 2023 | 2022 | |||
| CharityandGroup | ||||
| Contractedbutnotprovidedfor:— | ||||
| Buildings | 788,237 | |||
| 788,237 |
| FIXEDASSETINVESTMENTS | |
|---|---|
| Listed | |
| investment | |
| Group | |
| Marketvalueat1August2022 | 44,344 |
| Netunrealisedinvestment(losses) | (6,257) |
| Marketvalueat31July2023 | 38,087 |
| Historicalcostofinvestmentsat31July2023and31July2022 | 47,577 |
| Sharesin | |||
|---|---|---|---|
| subsidiary | Listed | ||
| company | investments | Total | |
| Charity | £ | £ | £ |
| Marketvalueat1August2022 | 2 | 44,344 | 44,346 |
| Netunrealisedinvestment(losses) | (6,257) | (6,257) | |
| Marketvalueat31July2023 | 2 | 38,087 | 38,089 |
| Costofinvestmentsat31July2023and31July2022 | 2 | 47,577 | 47,579 |
| AsummaryoftheresultsofNewHallSchoolEnterprisesLimitedfortheyeare AuditedfinancialstatementswillbefiledwiththeRegistrarofCompanies. |
nded31July2023i | sgivenbelow. |
|---|---|---|
| Total | Total | |
| 2023 | 2022 | |
£ |
£ |
|
| Profitandlossaccount | ||
| Turnover | 436,398 | 393,702 |
| Costofsales | (395,513) | (353,224) |
| Grossprofit/(loss) | 40,885 | 40,478 |
| Administrativeexpenses | (18,448) | (19,206) |
| Netprofit(netincome) | 22,437 | 21,272 |
| Profit/(loss)fortheyearbeforeGiftAid | 22,437 | 21,272 |
| Retainedprofit/(loss)forthefinancialyear | 22,437 | 21,272 |
| TheassetsandliabilitiesofNewHallSchoolEnterprisesLimitedwereas | ||
| follows: | ||
| Currentassets | 187,527 | 92,897 |
| Currentliabilities | (195,453) | (123,260) |
| Totalnet(liabilities) | (7,926) | (30,363) |
| Sharecapitalandreserves | (7,926) | (30,363) |
statementswillbefiledwiththeRegistrarofCompanies. |
||
|---|---|---|
| Total | Total | |
| 2023 | 2022 | |
| Totalincome | 662,912 | 607,828 |
| Totalexpenditure | (688,640) | (690,785) |
| Net(expenditure)fortheyear | (25,728) | (82,957) |
| Actuarialgain/(loss)ondefinedbenefitpensionscheme | 76,000 | 244,000 |
| Netmovementinfunds | 50,272 | 161,043 |
| Theassets,liabilitiesandfundsofNHMATwereasfollows: | ||
| Fixedassets | 1,122,497 | 1,166,558 |
| Currentassets | 252,185 | 232,883 |
| Currentliabilities | (44,260) | (46,291) |
| Definedbenefitpensionschemeliability | (73,000) | |
| Totalnetassets | 1,330,422 | 1,280,150 |
| Funds: | ||
| Totalrestrictedfunds | 1,171,178 | 1,125,558 |
| Unrestrictedincomefunds | 159,244 | 154,592 |
| Totalfunds | 1,330,422 | 1,280,150 |
| DEBTORS | ||||
|---|---|---|---|---|
| Group | Charity | |||
| 2023 | 2022 | 2023 | 2022 | |
| £ | £ | £ | £ | |
| Schoolfeesandrelatedcharges | 368,696 | 324,901 | 368,696 | 324,902 |
| Amountduefromsubsidiarycompany | 72,109 | 14,899 | ||
| Sundrydebtors | 51,113 | 30,048 | 21,240 | 14,029 |
| Prepaymentsandaccruedincome | 464,257 | 398,177 | 383,499 | 348,196 |
| 884,066 | 753,126 | 845,544 | 702,026 |
| CREDITORSamountsfallingduewith | inoneyear | ||||
|---|---|---|---|---|---|
| Group | Charity | ||||
| 2023 | 2022 | 2023 | 2022 | ||
| Bankloans(note16) | 433,172 | 507,389 | 433,172 | 507,389 | |
| Tradecreditors | 1,204,559 | 552,710 | 1,170,243 | 487,871 | |
| Taxationandsocialsecurity | 308,558 | 280,467 | 266,339 | 264,891 | |
| Othercreditorsandaccruals | 1,642,839 | 1,896,649 | 1,551,771 | 1,822,413 | |
| Financelease | 111,539 | 53,885 | 111,539 | 53,885 | |
| Tuitionfeesreceivedinadvance | 790,853 | 644,418 | 790,853 | 644,418 | |
| Returnablefeedepositsfrompupils | 1,571,228 | 1,520,811 | 1,571,228 | 1,520,811 | |
| Compositionfeesscheme(note17) | 1,200,230 | 581,095 | 1,200,230 | 581,095 | |
| 7,262,978 | 6,037,424 | 7,095,375 | 5,882,773 |
| CREDITORSamountsfallingdueaftermorethanoney | ear | |
|---|---|---|
| 2023 | 2022 | |
| CharityandGroup | £ |
£ |
| Bankloans(seebelow) | 4,234,881 | 1,159,279 |
| Financelease | 111,818 | |
| Compositionfeesscheme(note17) | 967,017 | 475,781 |
| 5,313,716 | 1,635,060 |
| At | |||||||
|---|---|---|---|---|---|---|---|
| At | |||||||
| Charityand | 31July | 31July | |||||
| Group | Loan1 | Loan2 | Loan3 | Loan4 | Loan5 | 2023 | 2022 |
| £ | £ | £ | £ |
£ |
|||
| After5years | 3,155,504 | 3,155,504 | |||||
| Within2to5years | 195,427 | 297,043 | 199,675 | 692,145 | 787,392 | ||
| Within1to2years | 86,522 | 242,563 | 58,147 | 387,232 | 371,887 | ||
| 281,949 | 539,606 | 3,413,326 | 4,234,881 | 1,159,279 | |||
| Within1year | 28,045 | 80,458 | 12,844 | 225,151 | 86,674 | 433,172 | 507,389 |
| 28,045 | 362,407 | 12,844 | 764,757 | 3,500,000 | 4,668,053 | 1,666,668 | |
| Interestrate | |||||||
| Baserateplus: | 0.95% | 0.95% | 0.95% | 1.35% | 1.45% | ||
| Repayments | September | February | December | November | August | ||
| commenced | 2010 | 2013 | 2010 | 2013 | 2023 | ||
| August | January | November | October | ||||
| Finalrepayment | 2030 | 2033 | 2030 | 2033 | July2048 |
| ParentsmaypaytotheSchooluptotheequivalentofsevenyears'tuitionfee returnedsubjecttospecificconditionsonthereceiptofoneterm'snotice. |
sinadvance.The | moneymaybe | |
|---|---|---|---|
| 2023 | 2022 | ||
| CharityandGroup | £ | £ | |
| At1August2022 | 1,056,876 | 1,302,017 | |
| Newcontracts | 2,403,211 | 1,518,711 | |
| Feespaid | (1,308,580) | (1,782,371) | |
| Discountallowed | 15,740 | 18,519 | |
| At31July2023 | 2,167,247 | 1,056,876 | |
| AssumingpupilswillremainintheSchoolthefeeswillbeappliedasfollows: | |||
| After5years | 88,258 | 26,105 | |
| Within2to5years | 539,629 | 241,070 | |
| Within1to2years | 339,130 | 208,606 | |
| 967,017 | 475,781 | ||
| Withinoneyear | 1,200,230 | 581,095 | |
| 2,167,247 | 1,056,876 | ||
| 18 | PERMANENTENDOWMENTFUND | ||
| 2023 | 2022 | ||
| CharityandGroup | |||
| At1August2022 | 2,916,349 | 3,004,723 | |
| Movementinfundfortheyear: | |||
| Depreciationcharge | (88,374) | (88,374) | |
| At31July2023 | 2,827,975 | 2,916,349 |
| GENERALFUND | ||
|---|---|---|
| 2023 | 2022 | |
| Group | £ |
£ |
| At1August2022 | 21,066,574 | 19,882,800 |
| Income | 26,581,286 | 24,998,197 |
| Expenditure | (25,476,119) | (23,783,665) |
| Gains,lossesandtransfers | 1,514,966 | (30,758) |
| At31July2023 | 23,686,707 | 21,066,574 |
| Charity | ||
| At1August2022 | 21,096,939 | 19,934,437 |
| Income | 26,268,382 | 24,743,598 |
| Expenditure | (25,185,652) | (23,571,596) |
| Gains,lossesandtransfers | 1,514,966 | (9,500) |
| At31July2023 | 23,694,635 | 21,096,939 |
fundsbytheGovernorsforspecific |
purposes. |
||||
|---|---|---|---|---|---|
| Gains, | |||||
| At | losses | At | |||
| 31July | and | 31July | |||
| CharityandGroup | 2022 | Income | Expenditure | transfers |
2023 |
| £ | £ | £ | £ | £ | |
| Buildingdevelopmentfund | 1,519,466 | - | (1,519,466) |
onationsandgrantsheldontruststobea |
ppliedforspec |
ificpurpose |
s: |
||
|---|---|---|---|---|---|
| Charity | At | Gains, losses |
At | ||
| 31July | and | 31July | |||
| 2022 | Income | Expenditure | transfers | 2023 | |
| £ | £ | £ | £ | £ | |
| Scholarshipfunds | 47,365 | 1,270 | (1,353) | (6,257) | 41,025 |
| Otherrestricteddonations | 8,319 | 6,311 | (1,062) | (5,000) | 8,568 |
| NewHallVoluntaryServices | 32,283 | 1,742 | (21,169) | 9,500 | 22,356 |
| NewHallAssociation | 27,579 | 2,650 | (4,259) | 25,970 | |
| 115,546 | 11,973 | (27,843) | (1,757) | 97,919 | |
| NHMATfunds | |||||
| GeneralAnnualGrant(GAG) | - | 457,076 | (522,188) | 81,793 | 16,681 |
| StartUpGrants | 20,355 | - | 20,355 | ||
| OtherDfE/ESFAGrants | 6,638 | 52,332 | (52,332) | 6,638 | |
| PupilPremium | 5,007 | 27,991 | (27,991) | - | 5,007 |
| Localauthoritygrants | - | 30,918 | (30,918) | ||
| Otherrestrictedfunds: | |||||
| Pensionreserve | (73,000) | - | (3,000) | 76,000 | |
| Fixedassetstransferredonconversion | 995,686 | 16,681 | (37,607) | (16,681) | 958,079 |
| Capitalexpenditure | 170,872 | (6,454) | - | 164,418 | |
| Unrestrictedfunds | 154,592 | 77,914 | (8,150) | (65,112) | 159,244 |
| 1,280,150 | 662,912 | (688,640) | 76,000 | 1,330,422 | |
| TotalCharityandGroup | 1,395,696 | 674,885 | (716,483) | 74,243 | 1,428,341 |
| NHMAT | Permanent | ||||
|---|---|---|---|---|---|
| General | Restricted | restricted | endowment | ||
| Group | fund | funds | funds | fund | Totalfunds |
| £ | £ | £ | £ | £ | |
| Fundbalancesat | |||||
| 31July2023 | |||||
| arerepresentedby: | |||||
| Tangiblefixedassets | 29,400,854 | 1,122,497 | 2,827,975 | 33,351,326 | |
| Fixedassetinvestments | 38,087 | 38,087 | |||
| Netcurrent(liabilities)/assets | (400,431) | 59,832 | 207,925 | (132,674) | |
| Creditors:amountsfallingdue | |||||
| aftermorethanoneyear | (5,313,716) | (5,313,716) | |||
| Pensionschemeliability | |||||
| Totalnetassets | 23,686,707 | 97,919 | 1,330,422 | 2,827,975 | 27,943,023 |
| Permanent | ||||
|---|---|---|---|---|
| General | Restricted | endowment | ||
| Charity | fund | funds | fund | Totalfunds |
£ |
£ |
£ |
£ |
|
| Fundbalancesat | ||||
| 31July2023 | ||||
| arerepresentedby: | ||||
| Tangiblefixedassets | 29,400,854 | 2,827,975 | 32,228,829 | |
| Fixedassetinvestments | 2 | 38,087 | 38,089 | |
| Netcurrent(liabilities)/assets | (392,505) | 59,832 | (332,673) | |
| Creditors:amountsfallingdue | ||||
| aftermorethanoneyear | (5,313,716) | - | (5,313,716) | |
| Totalnetassets | 23,694,635 | 97,919 | 2,827,975 | 26,620,529 |
| At31August | At31August | |
|---|---|---|
| 2023 | 2022 | |
| Discountrateforschemeliabilities | 5.30% | 4.20% |
| Rateofincreaseinsalaries | 3.90% | 3:90% |
| Rateofincreaseforpensionsinpayment/inflation | 2.90% | 2.90% |
| ecurrentmortalityassumptionsincludesufficientallowa sumedlifeexpectationsonretirementage65are: |
nceforfutureimprovementsinmortali | tyrates.The |
|---|---|---|
| At31August | At31August | |
| 2023 | 2022 | |
| Retiringtoday | ||
| Males | 20.7 | 21.0 |
| Females | 23.2 | 23.5 |
| Retiringin20years | ||
| Males | 22.0 | 22.3 |
| Females | 24.6 | 24.9 |
| Sensitivityanalysis | 2023 | 2022 |
| £000 | £000 | |
| Discountrate+0.1% | 331 | 240 |
| Discountrate-0.1% | 345 | 255 |
| Lifeexpectancy—1yearincrease | 348 | 254 |
| Lifeexpectancy—1yeardecrease | 328 | 240 |
| Salaryincrease+0.1% | 338 | 247 |
| Salarydecrease-0.1% | 338 | 247 |
| Theacademy'sshareoftheassetsintheschemewas: | ||
|---|---|---|
| Fairvalueat | Fairvalueat | |
| 31August | 1September | |
| 2023 | 2022 | |
| £000 | £000 | |
| Equities | 201 | 99 |
| Gills | 4 | 3 |
| Debtinstruments | - | 8 |
| Property | 27 | 16 |
| Cashandotherliquidassets | 10 | 5 |
| Alternativeassets/othermanagedfunds | 103 | 43 |
| Totalmarketvalueofassets | 345 | 174 |
| Theactualreturnonschemeassetswas£9,000(2022-£NIL). | ||
| TheamountsrecognisedintheStatementofFinancialActivitiesareasfollows: | ||
| 2023 | 2022 | |
| £000 | £000 | |
| Currentservicecost | (30) | (62) |
| Interestincome | 8 | 3 |
| Interestcost | (10) | (7) |
| TotalamountrecognisedintheStatementofFinancialActivities | (32) | (66) |
| Changesinthepresentvalueofthedefinedbenefitobligationwereasfollows: | ||
| 2023 | 2022 | |
| £000 | £000 | |
| At1September | 247 | 424 |
| Currentservicecost | 30 | 62 |
| Interestcost | 10 | 7 |
| Employeecontributions | 7 | 6 |
| Actuarial(gains)/losses | 50 | (247) |
| Estimatedbenefitspaidnetoftransfersin | (6) | (5) |
| At31August | 338 | 247 |
| Changesinthefairvalueoftheacademy'sshareofschemeassetswereasfollows: | ||
| 2023 | 2022 | |
| £000 | £000 | |
| At1September | 174 | 148 |
| Interestincome | 8 | 3 |
| Returnonassetslessinterest Employercontributions |
1 29 |
(3) 25 |
| Employeecontributions | 7 | 6 |
| Estimatedbenefitspaidplusunfundednetoftransfersin Otheractuarialgains |
(6) 132 |
(5) - |
| At31August | 345 | 174 |
| calGovernmentPensionScheme(continued) | ||
|---|---|---|
| 2023 | 2022 | |
| £000 | £000 | |
| Presentvalueofdefinedbenefitobligation Fairvalueofschemeassets |
(338) 345 |
(247) 174 |
| Netasset/(liability) Effectofassetceiling |
7 (7) |
(73) |
| Netasset/(liability)recognisedinthebalancesheet | (73) |
| 2023 | 2022 | |
|---|---|---|
£ |
£ |
|
| Financialassetsmeasuredatfairvalue | 38,087 | 44,344 |
| O | PERATINGLEASES | ||||
|---|---|---|---|---|---|
| At | 31July2023,thecharityhadcommitments | undernon-cancellableoperating | leasesasfollows: | ||
| 2023 | 2022 | ||||
| Landand | Landand | ||||
| Charityandgroup | buildings | Equipment | buildings | Equipment | |
£ |
£ |
£ |
£ |
||
| Operatingleasespaymentsinthe | |||||
| followingperiods: | |||||
| Withinoneyear | 36,621 | 69,876 | 14,421 | 64,531 | |
| Withintwotofiveyears | 65,782 | 93,098 | 57,682 | 64,237 | |
| Aftermorethanfiveyears | 219,878 | - | 234,298 | - | |
| 322,281 | 162,974 | 306,401 | 128,768 | ||
| Expenditurefortheyearincludes | |||||
| operatingleaserentals: | 58,996 | 90,492 | 15,047 | 80,111 |
| Multi | |||||
|---|---|---|---|---|---|
| Academy | Permanent | ||||
| Unrestricted | Restricted | Restricted | Endowment | Total | |
| Funds | Funds | Fund | Fund | 2022 | |
| £ | £ | £ | £ | £ | |
| Incomeandendowmentsfrom: | |||||
| Donations | 9,430 | 9,102 | - | 18,532 | |
| Charitableactivities | |||||
| Schoolfeesandothercharges | 24,672,319 | - | 24,672,319 | ||
| Fundingforeducationalpurposes | - | 555,633 | 555,633 | ||
| Other | 59,300 | 13 | - | 59,313 | |
| Othertradingactivities | 254,599 | - | 21,783 | 276,382 | |
| Investments | 10,497 | 1,860 | 52 | - | 12,409 |
| Otherincome | 1,482 | - | - | 1,482 | |
| Totalincome | 24,998,197 | 11,303 | 586,570 | 25,596,070 | |
| Expenditureon: | |||||
| Charitableactivities | |||||
| Provisionofeducation | 23,550,338 | 39,437 | 683,520 | 88,374 | 24,361,669 |
| Raisingfunds | |||||
| Raisingdonations | - | 7,265 | 7,265 | ||
| Trading:costofgoodssoldand | |||||
| othercosts | 233,327 | - | 233,327 | ||
| Totalexpenditure | 23,783,665 | 39,437 | 690,785 | 88,374 | 24,602,261 |
| Netlossesoninvestments | - | (7,019) | - | (7,019) | |
| Netincome/(expenditure) | 1,214,532 | (35,153) | (104,215) | (88,374) | 986,790 |
| Transfersbetweenfunds | (30,758) | 9,500 | 21,258 | ||
| Actuariallossesondefinedbenefit | |||||
| pensionscheme | - | - | 244,000 | - | 244,000 |
| Netmovementinfunds | 1,183,774 | (25,653) | 161,043 | (88,374) | 1,230,790 |
| Balancesbroughtforward | |||||
| at1August2021 | 21,402,266 | 141,199 | 1,119,107 | 3,004,723 | 25,667,295 |
| Balancescarriedforward | |||||
| at31July2022 | 22,586,040 | 115,546 | 1,280,150 | 2,916,349 | 26,898,085 |
| ARATIVEFUNDNOTES | ||
|---|---|---|
| GeneralFund | ||
| 2022 | 2021 | |
| Group | £ | £ |
| At1August2021 | 19,882,800 | 18,729,771 |
| Income | 24,998,197 | 23,100,587 |
| Expenditure | (23,783,665) | (21,926,220) |
| Gains,lossesandtransfers | (30,758) | (21,338) |
| At31July2022 | 21,066,574 | 19,882,800 |
| GeneralFund(continued) | |||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Charity | |||||
| At1August2021 | 19,934,437 | 18,749,483 | |||
| Income | 24,743,598 | 22,990,058 | |||
| Expenditure | (23,571,596) | (21,795,604) | |||
| Gains,lossesandtransfers | (9,500) | (9,500) | |||
| At31July2022 | 21,096,939 | 19,934,437 | |||
| DesignatedFund | |||||
| At | Grains, | At | |||
| 31July | lossesand | 31July | |||
| Charityandgroup | 2021 | Income | Expenditure | transfers | 2022 |
| £ | £ | £ | £ | £ | |
| Buildingdevelopmentfund | 1,519,466 | - | 1,519,466 | ||
| RestrictedFunds | |||||
| Gains, | |||||
| Charity | At | losses | At | ||
| 31July | and | 31July | |||
| 2021 | Income | Expenditure | transfers | 2022 | |
| £ | £ | £ | £ | £ | |
| Scholarshipfunds | 54,434 | 1,632 | (1,682) | (7,019) | 47,365 |
| Otherrestricteddonations | 8,319 | - | 8,319 | ||
| NewHallVoluntaryServices | 35,322 | 1,111 | (13,650) | 9,500 | 32,283 |
| NewHallAssociation | 51,443 | 241 | (24,105) | - | 27,579 |
| 141,199 | 11,303 | (39,437) | 2,481 | 115,546 | |
| NHMATfunds | |||||
| GeneralAnnualGrant(GAG) | 6,940 | 464,732 | (476,640) | 4,968 | - |
| StartUpGrants | 43,660 | (23,305) | - | 20,355 | |
| OtherDfE/ESFAGrants | 5,838 | 35,531 | (34,731) | 6,638 | |
| PupilPremium | 4,690 | 32,694 | (32,377) | 5,007 | |
| Localauthoritygrants | - | 22,676 | (22,676) | - | |
| Otherrestrictedfunds | |||||
| Pensionreserve | (276,000) | (41,000) | 244,000 | (73,000) | |
| Fixedassetstransferredonconversion | 1,011,405 | - | (15,719) | 995,686 | |
| Capitalexpenditure | 200,056 | 4,968 | (29,184) | (4,968) | 170,872 |
| Unrestrictedfunds | 122,518 | 25,969 | (15,153) | 21,258 | 154,592 |
| 1,119,107 | 586,570 | (690,785) | 265,258 | 1,280,150 | |
| TotalCharityandgroup | 1,260,306 | 597,873 | (730,222) | 267,739 | 1,395,696 |
| NHMAT | Permanent | |||||
|---|---|---|---|---|---|---|
| General | Designated | Restricted | restricted | endowment | Total | |
| Group | fund | fund | funds | funds | fund | funds |
| £ | £ | £ | £ | £ | £ | |
| Fundbalancesat | ||||||
| 31July2022 | ||||||
| arerepresentedby: | ||||||
| Tangiblefixedassets | 23,534,036 | 1,166,558 | 2,916,349 | 27,616,943 | ||
| Fixedassetinvestments | 44,344 | 44,344 | ||||
| Netcurrentassets | (832,402) | 1,519,466 | 71,202 | 186,592 | 944,858 | |
| Creditors:amountsfallingdue | ||||||
| aftermorethanoneyear | (1,635,060) | (1,635,060) | ||||
| Pensionschemeliability | (73,000) | (73,000) | ||||
| Totalnetassets | 21,066,574 | 1,519,466 | 115,546 | 1,280,150 | 2,916,349 | 26,898,085 |
| Permanent | ||||||
| General | Designated | Restricted | endowment | |||
| Charity | fund | fund | funds | fund | Totalfunds | |
| £ | £ | £ | £ | £ | ||
| Fundbalancesat | ||||||
| 31July2022 | ||||||
| arerepresentedby: | ||||||
| Tangiblefixedassets | 23,534,036 | 2,916,349 | 26,450,385 | |||
| Fixedassetinvestments | 2 | 44,344 | 44,346 | |||
| Netcurrentassets | (802,039) | 1,519,466 | 71,202 | 788,629 | ||
| Creditors:amountsfallingdue | ||||||
| aftermorethanoneyear | (1,635,060) | (1,635,060) | ||||
| Totalnetassets | 21,096,939 | 1,519,466 | 115,546 | 2,916,349 | 25,648,300 |