2023-08-31-accounts - Halstead St Andrew's School Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Governors	Governors				Dr C L McShane
					Mrs C Phillips
					Mr L Pytel
					Mr JA 8Speed
					Mrs K A Wyborn
					Mrs D Morgan
					Mr S D Brookhouse	(appointed		01.08.2023)
					Mrs CConnelly (appointed 01.08.2023)
					Mr S R Hartley (appointed 01.08.2023)
					Mrs 8A Hunwicks	(appointed		01.08.2023)
					Mr M Nikoo (appointed		01.08.2023)
					Mrs S LMaher (appointed 01.09.2023)
					Mr J W Kerr (appointed		01.09.2023)
					Mrs F Kitchen (appointed		02.10.2023)
Secretary					MrAG Law
Head					Mr D P Fitzgerald
Charity	Number				297580
Company		Number			01942216
Registered		Office	&Principal	Address	Church Hill House
					Horsell
					Woking
					Surrey
					GU21 4QW
Auditors					TC Group
					The Courtyard
					Shoreham Road
					Upper Beeding
					Steyning
					West Sussex
					BN44 3TN
Bankers					Lloyds Bank pic
					Woking GU1 3ZR
					Barclays Bank pic
					Woking GU21 6AE
Solicitors					GBH Law Ltd
					Elstead GUB 6LB

		Page
Governors' Report (Incorporating	Strategic Report)
Statement ofGovernors' Responsibilities
Report ofthe Independent Auditors
Statement of Financial Activities		12
Balance Sheet		13
Cash Flow Statement		14
Notes to the Financial Statements		15

Senior School Destinations	Senior School Destinations
		Year 6	Year 8	Total
ACS E ham
Bishop David Brown School
Cranieigh
Cranmore
Epsom College
Gordon's School
Guildford High School
Halliford School
Ham ton School
King Edward's
Lord Wandsworth	College
LVSAscot
Reed's School
RGS Guildford
Sir William Perkins's
St Catherine's School
St.John's School, Leatherhead
St.Teresa's, Effingham
The Marist, Sunningdale
Tiffin School
Tormead School
Woking High
Wellington College
		34	21		55

The following is a	comprehensive list	ofcharities supported and monies donated last yea	r:
Alumni Concert		Waking Hospice	6732.50
Clubs Charity Day		Woking Hospice	E1,074.10
Carol Service		Woking Hospice	6203.13
Carol Service		St. Mary's Church	E203.12
Christmas Jumper	Day	Save the Children	6549.06
Reindeer Run		Woking Hospice	6126.60
Pre-prep Numbers	Day	N.S.P.C.C.	6105.12
School Donation		Turkey/Syria Earthquake	E250.00
Spades Charity Day		Surfers Against Sewage	F812.00
Pre-prep		Red Nose Day	F210.59
Diamonds Charity	Day	Street Child	6694.00
Coronation Day		Waking Hospice	6478.27
House Fair		Enthuse	E879.35

			Total 2023	Total 2022
INCOME FROM:		Notes	6	6
Donations and legacies		6	250	23,688
Investments		7	4,310	181
Charitable activities		8	4,731,115	4,083,348
Other income		9	4,054,938	3,724
Totalincome			8,790,613	4,110,941
EXPENDITURE ON:		10
Charitable activities			5,310418	3,941,087
Total expenditure			5,310,518	3,941,087
Net income/(expenditure) movement in funds	and		3,480,095	169,854
Fund balances brought forward		20	2,901,526	2,731,672
Fund balances at carried	forward	20	6,381,621	2,901,526

				2023	2022
			Notes
Cash flows from operating	activities:
Net income forthe year				3,480,095		169,854
Adjustments for:
Depreciation charges			13	165,316	186,161
Interest paid			10	138,636	73,725
Interest received			7	(4,310)	(181)
(Increase)/decrease in debtors			14	(39,984)	(54,859)
Increase/(decrease) in creditors			15,16	719,056	139,025
				978,714		343,871
Net cash provided by/(used activities	in) operating			4,458,809		513,725
Cash flows from investing	activities:
Interest received			7	4,310	181
Purchase oftangible fixed assets			13	(57,006)	(92,555)
Transfer ofHalstead School			13	(4,345,514)
Net cash used in investing	activities			(4,398,210)		(92,374)
Cash flows from financing activities:
Interest paid			10	(138,636)	(73,725)
Repayment ofborrowings				(56,929)	(67,372)
Net cash used in financing	activities			(195,565)		(141,097)
Increase/(decrease) in cash and cash equivalents in the year				(134,966)		280,254
Cash and cash equivalents the year	at the beginning	of		870,001		589,747
Cash and cash equivalents year	at the end ofthe			735,035		870,001

			At 1September	Cash flow	Non-cash	At 31August
			2022		Changes	2023
			6		6	6
Cash	at bank and	in hand	870,001	(134,966)		735,035
Bank	loan within	one year	(67,372)	(49,608)	67,372	(49,608)
Bank	loan after one year		(2,009,251)	49,608	(17,764)	(1,977,407)
			(1,206,622)	(134,966)	49,608	(1,291,980)

			Total	Total
			2023	2022
			f	f
	Donations		250	23,688
	Total donations	in 2022 included f10,515that were restricted.
7	INCOME FROM	INVESTMENTS
			Total	Tota I
			2023	2022
			f	f
	Interest		4,310	181

	Total	Total
	2023	2022
		f
Gross school fees	4,886,361	4,183,527
Less bursaries and allowances	(250,906)	(233,434)
Net school fees	4,635,455	3,950,093
Add:
Extras income	25,808	24,468
Registration fees After school clubs	10,200 36,509	8,875 28,831
Easter and Summer camps	23,143	71,081
	4,731,115	4,083,348
OTHER INCOME
	Total	Total
	2023f	2022 f
Halstead School transfer of Net Assets	4,049,901
Sundry income	5,037	3,724
	4,054,938	3,724

		Staff costs	Depreciation	Other	Total	Tota I
				costs
		f	f	f	2023 f	2022 E
Charitable	expenditure:
Education
Teaching		2,537,419		205,185	2,742,604	2,295,421
Welfare		10,195		482,282	492,477	404,771
Premises		57,679	165,316	1,011,140	1,234,135	757,355
Support and governance		317,019		524,283	841,302	483,540
Total expenditure		2,922,312	165,316	2,222,890	5,310,518	3,941,087

					Total	Tota I
					2023	2022
					E	E
Governance	costs:
Current auditors' remuneration			for audit services		10,800	9,900
Accountancy	services				6,000
Governors' expenses						50
Total governance costs					16,800	9,950
Printing, postage and		telephone			22,194	17,879
Legal and professional		fees relating to support			145,060	24,815
Support staff	wages, national		insurance and	pension	317,019	272,349
Advertising and marketing					76,179	33,742
Interest payable					138,636	73,725
IT					46,717
Othersupport	costs				78,697	51,080
					824,502	473,590
Total support	and governance				841,302	483,540
STAFF COSTS
The average	monthly	number	ofemployees	during the year was:
					2023	2022
					Number	Number
Teaching					66	61
Premises					2	2
Household					1
Support					9
					78	72
The aggregate payroll		casts for the year were as follows:
					2023	2022
					E
Wages and	salaries				2,411,708	2,029,047
Social security costs					230,933	202,102
Other pension costs					279,671	253,063
					2,922,312	2,484,212

taff paid in excess off60,000per annum in the follo	wing bands are:
	2023	2022
	Number	Number
f60,000-f69,999	2	1
f70,000-f79,999 f80,000 -f89,999		2
	4	3

Of the employees whose emoluments	Of the employees whose emoluments	Of the employees whose emoluments	Of the employees whose emoluments	exceed f60,000, four (2022: three)	exceed f60,000, four (2022: three)	exceed f60,000, four (2022: three)	exceed f60,000, four (2022: three)	have	retirement	benefits accruing	benefits accruing
under defined contribution		schemes		and none (2022: none) have		benefits		accruing under			defined benefit
schemes. Total contributions (2022:f28,060).		payable		by the school to those schemes		for	higher		paid employees		were f41,075
The key management	personnel		ofthe school comprise the Headmaster,				the	Bursar and teaching staff on the
Senior Leadership Team.
									2023		2022
										f.	f
Aggregate employee benefits of key employer pension contributions)				management	personnel (including				433,783		406,391
Wages and salaries includes f38,700(2022:fNil) of redundancy costs.
COMPARATIVE STATEMENT		OF	FINANCIAL ACTIVITIES —31AUGUST			2022
					Unrestricted funds			Restricted funds			Total 2022
INCOME FROM:				Notes	f				f		f
Donations and legacies				6	13,173				10,515		23,688
Investments				7	181						181
Charitable activities				8	4,083,348						4,083,348
Other income				9	3,724						3,724
Total income					4,100,426				10,515		4,110,941
EXPENDITURE ON:				10
Charitable activities					3,941,087						3,941,087
Total expenditure					3,941,087						3,941,087
Net income/(expenditure)					159,339				10,515		169,854
Transfers between funds				20	10,515			(10,515)
Net movement in funds					169,854						169,854
Fund balances brought forward					2,731,672						2,731,672
Fund balances at carried	forward			20	2,901,526						2,901,526

		Freehold	I.easehold	Fixtures &	Motor
		Property	Buildings	Fittings	Vehicles	Total
Cost
At 1September 2022		405,713	5,531,585	545,196	105,889	6,588,383
Transfer from Halstead	School	4,250,000		95,514		4,345,514
Additions				88,378		88,378
Disposals				(117,194)		(117,194)
At 31August 2023		4,655,713	5,531,585	611,894	105,889	10,905,081
Depreciation
At 1September 2022		140,500	1,350,181	250,365	88,529	1,829,575
Charge forthe year		7,437	96,607	55,482	5,790	165,316
Eliminated on disposal				(117,194)		(117,194)
At 31August 2023		147,937	1,446,788	188,653	94,319	1,877,697
Net book value
At 31August 2023		4,507,776	4,084,797	423,241	11,570	9,027,384
At 31August 2022		265,213	4,181,404	294,831	17,360	4,758,808

		2023	2022
Fee debtors		113,173	89,158
Prepayments	and accrued income	84,455	31,034
Other debtors		22,033	59,485
		219,661	179,677

	2023	2022
	6	6
Trade creditors	348,473	14,034
Other creditors and accruals	255,576	69,707
Social security and other taxes	98,896	61,435
Feesin advance	593,003	531,911
Bank loans (see note 17)	49,608	67,372
Finance lease	6,274
	1,351,830	744,459

	2023	2022
Pupil deposits	253,445	153,250
Bank loans (see note 17)	1,977,407	2,009,251
Finance lease	17,777
	2,248,629	2,162,501

	2023	2022
Less than one year	49,608	67,372
In more than one year but less than five years	198,430	269,490
In more than five years	1778,977	1,739,761
	2,027,015	2,076,623

		Balance at 1	Income	Expenditure	Balance at31
		September			August 2023
		2022
		f
Unrestricted	funds
General fund		2,901,526	8,790,613	(5,310,518)	6,381,621
Total funds		2,901,526	8,790,613	(5,310,518)	6,381,621

	2023	2022
Within one year	270,997	230,000
Between one and five years	1,083,988	920,000
In more than five years	4,877,946	4,370,000
	6,232,931	5,520,000

At 31August 2023 the school had the following finance payments of	lease commitment with future minimum	lease
	2023	2022
Within one Year	6,274
Between one and five years	17,777
	24,051