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|---|---|---|---|
|Company
Information||||
|Report ofthe Governors|(Including|Strategic Report)||
|Report ofthe Independent|Auditors|||
|Statement of Financial Activities||||
|Balance Sheet|||10|
|Cash Flow Statement||||
|Notes tothe Financial Statements||||
||HAYFRAN TRUST|HAYFRAN TRUST||||
|---|---|---|---|---|---|
|A COMPANY LIMITED BYGUARANTEE||||||
|COMPANY||INFORMATION||||
|for the|year ended 31August||2021|||
|GOVERNORS:||P J Humphries-Cuff|||-Chair|
|||M RJ Piper (resigned|||6January 2022)|
|||C Bromfield||||
|||R W Hook||||
|||8 H Miller||||
|||Mrs I E A Stevens||||
|||J EJ Sidders (resigned 25 March 2022)||||
|||R 5Oliver
—Treasurer||||
|HEADTEACHER:||0 Lee||||
|BURSAR:||M RI Piper||||
|REGISTERED OFFICE:||Haybrook
House||||
|||Marlborough|Road|||
|||Pewsay||||
|||SN9 5NT||||
|REGISTERED NUMBER:||2164880(England||and Wales)||
|REGISTERED CHARITY||||||
|NUMBER:||298522||||
|AUDITORS.'||Fawcetts
LLP||||
|||Chartered
Accountants||||
|||and Statutory|Auditors|||
|||Wlndover
House||||
|||St Ann Street||||
|||Salisbury||||
|||SP12DR||||
|SOLICITORS:||Thrings||||
|||6 Drakes Meadow||||
|||Penny Lane||||
|||Swindon||||
|||SN3 3LL||||
|BANKERS:||HSBC Bank pic||||
|||8 London Street||||
|||Basingstoke||||
|||RG217NU||||
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||||||2021||2020|
|---|---|---|---|---|---|---|---|
||||Unrestricted|fund|Restricted|||
||||School|Other|fund|Total|Total|
|||Notes|E|6|E|6|E|
|INCOME AND ENDOWMENTS|FROM;|||||||
|Income from:||||||||
|Charitable
activities||||||||
|Fees receivable||2|2,424,080|||2,424,080|2,319,285|
|Otherlncome||3|56,343|||56,343|192,315|
|Donations
and legacies|||5,689||1,259|6,948|58,800|
|Trading activities||||5,243||5,243|12,418|
|Total income|||2,486,112|5,243|1,259|2,492,614|~2,582 818|
|EXPENDITURE||||||||
|Expenditure
on:||||||||
|Chadtable
activities||||||||
|School operating
costs|||2,231,272||3,445|2,234,717|2,564,383|
|Trading expenses||||7,030||7,030|12,996|
|Total expenditure||5|2,231,272|7,030|3,445|2,241,747|2,577,379|
|NET (EXPENDITURE)/INCOME|||254,840|(1,787)|(2,186)|250,867|5,439|
|Fund balances at 1September|2020||1,568,323|87,089|110,957|1,766,369|1,760,930|
|TOTAL FUNDS CARRIED FORWARD||||||||
|AT31AUGUST 2021|||1,823,163|85,302|108,771|2,017,236|1,766,369|
##
||||||BALANCE SHEET
31August 2021||||
|---|---|---|---|---|---|---|---|---|
||||||2021|||2020|
|||||Notes|||||
|FIXEDASSETS:|||||||||
|Tangible assets||||||1,861,254||1,970,090|
|CURRENTASSETS:|||||||||
|Stocks|||||19,897||33,070||
|Debtors|||||36,495||48,484||
|Cash at bank and|in hand||||1,001,156||657,587||
||||||1,057,548||739,141||
|CREDITORS:|Amounts||faglng||||||
|due within one year|||||549,986||544,228||
|NET CURRENT ASSETS:||||||507,562||194,913|
|TOTAL ASSETS LESSCURRENT|||||||||
|LIABILITIES:||||||2,368,816||2,165,003|
|CREDITORS: Amounts||falling|||||||
|due after more than one|||year||10|(351,580)||(398,634)|
|||||||2,017,236||1,766,369|
|FUNDS:|||||||||
|Unrestricted
funds||||||1,908,465||1,655,412|
|Restricted fund|||||16|108,771||110,957|
||||||17|2,017,236||1,766,369|
|These accounts|were|approved||and authorised|for issue by the Governors|on .e.......s............kI
~5.05.ei as||and were signed on|
|their behalf by:|||||||||
||||CASH FLOW STATEMENT|||
|---|---|---|---|---|---|
|||forthe Year Ended 31August||2021||
|||||2021|2020|
||||Notes|f|E|
|Net cash provided
by||||||
|operating
activities||||423,289|289,484|
|Cash flows from investing|activities:|||||
|Purchase oftangible assets||||(36,505)|(20,567)|
|Net cash (used in) investing|activities|||(36,505)|(20,567)|
|Cash flows from Rnancing|activities:|||||
|Loan repayments||||(43,215)|(40,683)|
|New loan in year|||||50,000|
|Net cash (used in)/provided|by financing activities|||(43,215)|9,317|
|Change
In cash and cash equivalents||in the year||343,569|278,234|
|Cash and cash equivalents|at 1September 2020|||657,587|379,353|
|Cash and cash equivalents|at 31August 2021||2|1,001,156|657,587|
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||||||2021f|2020
E|
|---|---|---|---|---|---|---|
||Net incoming/(outgoing)||resources||250,867|5,439|
||Depreciation
charges||||145,341|155,272|
||Loss on disposal of|assets||||397|
||Decrease In stock||||13,173|3,028|
||Decrease in debtors||||11,989|26,806|
||Increase in creditors||||1,919|98,542|
||Net cash provided|by operating||activities|423,289|289,484|
|2.|ANALYSIS OF CASH|AND|CASH|EQUIVALENTS|||
||||||2021|2020|
||||||E|6|
||Cash at bank and in hand||||1,001,156|657,587|
||||||1,001,156|657,587|
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|Tangible|fixed assets|continued||
|---|---|---|---|
|Freehold|property|-2%on cost||
|Property|improvements|-at varying rates between|2.5and 14.33SSon cost|
|Plant and equipment||-at varying rates between|10%and 33.33%on cost|
|Motor vehicles||-25%on cost||
|Nursery|unit|-at varying rates between|4%and 33.33%on cost|
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|FEES|||||
|---|---|---|---|---|
||||2021|2020|
||||6|6|
|Fees|receivable consist of:||||
|Gross|fees||2,713,662|2,710,515|
|Less:|Total bursaries,|grants and allowances|(289,582)|(391,230)|
||||2,424,080|2,319,265|
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|SUNDRY AN|D OTHER INCOME|||
|---|---|---|---|
|||2021f|2020
6|
|Sundry Income||53,238|28,877|
|Coronavirus|Job Retention Scheme|3,105|163,438|
|||56,343|192,315|
|STAFF COSTS||||
|||2021|2020|
|||E|6|
|Wages and|salaries|1,416,765|1,643,399|
|Social security costs||110,271|131,212|
|Other pension costs||181,997|218,794|
|||1,709,033|1,993,405|
|The average monthly|number ofemployees|during the year, calculated|on a full time equivalent|basis, was as|
|---|---|---|---|---|
|follows:|||||
||||2021|2020|
|Teaching|||37|44|
|Non teaching|||17|17|
||||54|61|
|||||2021|2020|
|---|---|---|---|---|---|
|||||No.|No|
|The number
ofemployees|whose emoluments|exceeded 660,000was:||||
|680,001 - 690,000||||||
|The number ofhigher paid|staff to whom retirement||benefits were accruing|||
|was as follows:||||2021|2020|
|||||No.|No.|
|Defined benefit schemes||||||
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||ANALYSIS OF|TO|TAL|RESOURCES|EXPENDED||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Support|||2021|2020|
||||||Staff costs|costs|Depreciation||Total|Total|
||||||f|f||f|6|E|
||Charitable activities:||||||||||
||School operating||costs:||||||||
||Teaching costs||||1,362,720|42,091||17,986|1,422,797|1,736,280|
||Welfare||||72,440|73,838|||146,278|149,639|
||Premises||||85,291|148,641||118,362|352,294|349,796|
||Management|and administration|||188,582|98,937||8,993|296,512|308,781|
||||||1,709,033|363,507||145,341|2,217,881|2,544,496|
||Governance|costs||||9,200|||9,200|10,080|
||Costs ofgenerating|||funds:|||||||
||Finance and other costs|||||7,636|||7,636|9,807|
||||||1,709,033|380,343||145,341|2,234,717|2,564,383|
||Trading costs|||||7,030|||7,030|12,996|
||Totalresources||expended||1,709,033|387,373||145,341|2,241,747|2,577,379|
|6.|TANGIBLE FIXEDASSETS||||||||||
||||||||Plant||||
|||||Freehold|Property||and|Nursery|Motor||
|||||property|improvements|equipment||unit|vehicles|Totals|
||||||||||E|E|
|COST:|||||||||||
|At 1September 2020||||489,602|2,110,895||460,171|598,324|15,158|3,674,150|
|Additions|||||7,517||18,251|10,737||36,505|
|Disposals|||||||(3,971)|||(3,971)|
|At 31August 2021||||489,602|2,118,412||474,451|609,061|15,158|3,706,684|
|DEPRECIATION:|||||||||||
|At 1September 2020||||275,675|934,188||394,906|84,133|15,158|1,704,060|
|Charge|for year|||9,792|79,313||26,979|29,257||145,341|
|Eliminated
on disposals|||||||(3,971)|||(3,971)|
|At 31August 2021||||285,467|1,013,501||417,914|113,390|15,158|1,845,430|
|NET BOOKVALUE:|||||||||||
|At 31August 2021||||204,135|1,104.911||56,537|495,671||1,861,254|
|At 31August 2020||||213,927|1,176,707||65,265|514,191||1,970,090|
##
||||||NOTES TOTHE FINANCIAL STATEMENTS|NOTES TOTHE FINANCIAL STATEMENTS|NOTES TOTHE FINANCIAL STATEMENTS|||
|---|---|---|---|---|---|---|---|---|---|
|||||||forthe year ended 31August 2021||||
|7.|STOCKS|||||||||
|||||||||2021|2020|
|||||||||6||
||School uniform|||||||19,897|33,070|
|8.|DEBTORS:AMOUNTS|||FALLING||||||
||DUE WITHIN ONE YEAR|||||||||
|||||||||2021|2020|
|||||||||E|E|
||Trade debtors|||||||8,824|7,206|
||Other debtors||||||||20,022|
||Prepayments
and accrued income|||||||27,671|21,256|
|||||||||36,495|48,484|
|9.|CREDITORS: AMOUNTS||||FALLING|||||
||DUE WITHIN ONE YEAR|||||||||
|||||||||2021|2020|
|||||||||6|6|
||Bank loans and|overdrafts
(see note|||||14)|51,372|40,683|
||Trade creditors|||||||39,518|31,136|
||Social security|and other|||taxes|||27,145|48,455|
||Other creditors|||||||23,745|34,163|
||Deferred Income|||||||374,442|327,505|
||Accrued expenses|||||||33,764|62,286|
|||||||||549,986|544,228|
|10.|CREDITORS: AMOUNTS||||FALLING|||||
||DUE AFTER MORE THAN||||ONE YEAR|||||
|||||||||2021|2020|
|||||||||6|f|
||Bank loans|(see note|||14)|||263,030|316,934|
||Fee deposits|||||||88,550|81,700|
|||||||||351,580|398,634|
|11.|NET OUTGOING||RESOURCES|||||||
||Net outgoing resources are stated|||||after charging.||||
|||||||||2021|2020|
|||||||||6|f|
||Depreciation
-|owned||assets||||145,341|155,272|
||Operating
lease||rentals|||||20,135|15,300|
||Auditors'
remuneration||||-audit|||8,250|8,250|
|||||—previous||year audit under provided fee|||880|
||||||-other services|||750|750|
|12.|OPERATING LEASE COMMITMENT|||||||||
||The total future||minimum||payments||due on leases expiring:|2021
f|2020
6|
||Equipment
and||motor vehicles|||||||
||Expiring:|||||||||
||Between one|and five years||||||86,701|15,434|
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|An analysi|s ofthe maturity
ofloans is given below:|||
|---|---|---|---|
|||2021f|2020
E|
|Amounts|falling due within one year:|||
|Bankloan||51,372|40,683|
|Amounts|falling due between one and two years:|||
|Bank loan|-1-2 years|51,372|51,327|
|Amounts|falling due between two and five years:|||
|Bank loan|—2-5years|154,116|153,981|
|Amounts|falling due over five years:|||
|Bank loan|—over 5years|57,542|111,626|
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||||Balance at|||Balance at|
|---|---|---|---|---|---|---|
||||1September|Incoming|Resources|31August|
||||2020
6|resources
E|expended
f|2021
E|
|Fixed|asset fund||78,527|1,259|(3,305)|76,481|
|Pdism|Foundation|grant|32,430||(140)|32,290|
||||110,957|1,259|(3,445)|108,771|
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|The net assets are held forthe various funds as follows:|The net assets are held forthe various funds as follows:|||||
|---|---|---|---|---|---|
||||Net|Creditors||
|||Fixed|current|due after more||
|||assets|assets|than one year|Total|
|||6|6|E|6|
|Unrestricted|funds|1,784,773|475,272|(351,580)|1,908,465|
|Restricted fund||76,481|32,290||108,771|
|||1,861,254|507,562|(351,580)|2,017,236|
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||||Unrestricted|fund|Restricted||
|---|---|---|---|---|---|---|
||||School|Other|fund|Total|
|||Notes|E|E|6|E|
|INCOME AND ENDOWMENTS|FROM:||||||
|Charitable
activities|||||||
|Fees receivable|||2,319,285|||2,319,285|
|Other Income|||192,315|||192,315|
|Donations and legacies|||26,370||32,430|58,800|
|Trading activities||||12,418||12,418|
|Total Income|||2,537,970|12,418|32,430|2,582,818|
|EXPENDITURE ON|||||||
|Charitable
activities|||||||
|School operating
costs|||2,561,078||3,305|2,564,383|
|Trading expenses||||12,996||12,996|
|Total expenditure|||2,561,078|12,996|3,305|2,577,379|
|NET (EXPENDITURE)/INCOME|||(23,108)|(578)|29,125|5,439|
|Fund balances at 1September|2019||1,591,431|87,667|81,832|1,760,930|
|TOTAL FUNDS CARRIED FORWARD|||||||
|AT31AUGUST 2020|||1,568,323|87,089|110,957|1,766,369|