2020-07-31-accounts - Michael Hall School

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					Page
Reference	and administrative			details
Report of the		trustee
Independent		auditor's	report		10
Statement	of	financial	activities		12
Balance sheet					13
Statement	of	cash flows			14
Accounting	policies				15
Notes to the accounts					18

Trustee
The sole trustee		of the	charity	is a company	limited by guarantee, Michael				Hall School	Limited,				company		number
539034. The directors of this company are the Council of Trustees of the								charity for charity					law	purposes		and are
set out below:
W Forward		(Teacher, Chair from 21/02/21)					(appointed		20 March 2017)
J Sharpe		(Independent,		Chair 17/10/20	to 20/02/21)		(appointed		13 November		2019, resigned				21
							February		2021)
S Rafferty		(Independent,		Chair to 16/10/20)			(resigned	16 October 2020)
J Cohen		(Parent)					(resigned	23 June 2020)
H Hebrank		(Parent)
K Hagenbach		(independent)					(resigned	1	April 2020)
M Hindler		(Independent)					(appointed		10January 2020)
V King		(Teacher)
S Kirby		(Independent)
L Lines		(Independent)					(appointed		3 February 2021)
M Macdonald		(Teacher)					(appointed		16September		2020)
E Maslen		(Parent)					(appointed		13 November		2019)
TMichaels		(Parent)					(appointed		23 November		2020)
B Ozgen		(Parent)					(resigned	16 November		2020)
T Souleiman		(Parent)					(appointed		9 December	2019)
The Association		members are		the guarantors	of the trustee		company and		hold the right			to appoint			or	remove
members	of the	Council	of Trustees. No person may be appointed as a					member unless				they are an			Association
member.
Management
The trustees delegate the day				to day management		of the school to committees comprised					of		members		of staff.
Key management personnel				(to May 2020 unless		stated)
Vacant			Chair of Management
M Fielding			Early Years Faculty Chair
J Brunoir			Upper	School Faculty	Chair	(to August	2019)
S Grimshaw			Upper	School Faculty	Chair	(from September 2019)
J Rolton			Upper	School Faculty	Chair	(from September 2019)
M Devaris			Upper	School Faculty	Chair	(from September 2019)
H Howlett			College ofTeachers Co-Chair
Vacant			Education Co-ordinator
D Skinner			Director of Operations		(to March 2020)
V King			Lower	School Faculty	Chair
K Whiley			Financial Controller/School			Bursar (to March 2020)
Key management personnel (to July 2021 unless						stated otherwise)
P Farr			Principal (from November 2019to March 2021)
E Hawker			Acting	Principal (from	March 2021 and		ongoing), previously Lower				School			Assistant
			Principal (from March		2020	to March 2021)
M Fielding			Early Years Faculty Chair
M Devaris			Upper	School Assistant	Principal
R Siddons			Upper	School Assistant	Principal (from		March 2020 to March 2021)
J Courtenay			Lower	School Assistant	Principal
LJames			Business Manager (from April 2020)
J Phillips			SENCO	(from September 2018)

Bankers
HSBC		Barclays Bank	Plc	Triodos Bank
38 London	Road	18Southgate	Street	Brunel House
East Grinstead		Gloucester		11 The Promenade
West Sussex		GL1 2DH		Bristol
RH19 1AB				BS8 3NN

Cawley Priory
South Pallant
Chichester
West Sussex
P019 1SY


Blue	Spire	Limited,	Statutory	Auditor		P019 1SY
Date
Blue	Spire	Limited	is eiigibie	to act as an auditor	in terms ofsection 1212of the Companies	Act 2006.

								2020	2019
					Unrestricted	Restricted	Endowment	Total	Total
					Funds	Funds	Funds	Funds	Funds
				Note	E	F			E
INCOME AND ENDOWMENTS			FROM:
Donations and legacies					4,202			4,202	21,743
Other trading activities					136,586			136,586	179,257
Investments					14,953			14,953	15,225
Charitable activities					3,420,362			3,420,362	3,703,047
Other					471,641			471,641
Total					4,047,744			4,047,744	3,919,272
EXPENDITURE ON:
Raising funds					111,851			111,851	67,223
Charitable activities					4,626,992			4,626,992	4,203,515
Total					4,738,843			4,738,843	4,270,738
Net gains/(losses) on		investments		13	(24,701)		3,535	(21,166)	26,222
Net income/(expenditure)					(715,800)		3,535	(712,265)	(325,244)
Transfers between	funds			20
Net movement in funds					(715,800)		3,535	(712,265)	(325,244)
RECONCILIATION	OF FUNDS
Total funds brought		forward		20	4,072,860	9,507	939,391	5,021,758	5,347,002
Total funds carried	forward			20	3,357,060	9,507	942,926	4,309,493	5,021,758

						2020		2019
					Note
FIXEDASSETS
Tangible assets					12	7,865,358		7,865,516
Investments					13	424,795		445,961
Total fixed assets							8,290,153		8,311,477
CURRENT ASSETS
Assets held for sale					14	710,000		710,000
Debtors					15	896,835		363,549
Cash at hand and in bank						212,384		79,488
Total current assets						1,819,219		1,153,037
CURRENT LIABILITIES
Creditors: amounts	falling	due within one		year	16	618,304		676,579
Net current assets/(liabilities)							1,200,915		476,458
Total assets less current		liabilities					9,491,068		8,787,935
Creditors: amounts	falling	due after more		than one year	17		(1,173,063)		(422,313)
Net assets/(liabilities)	excluding		pension	asset/(liability)			8,318,005		8,365,622
Defined benefit pension scheme			asset/(liability)		18		(4,008,512)		(3,343,864)
Total net assets							4,309,493		5,021,758
THE FUNDS OF THE CHARITY
Endowment funds					20		942,926		939,391
Restricted funds					20		9,507		9,507
Unrestricted funds
Designated funds					20	3,321,657		4,006,092
General funds					20	35,403		66,768
Total unrestricted	funds						3,357,060		4,072,860
Total charity funds							4,309,493		5,021,758

					2020		2019
				Note
Net cash flow from operating activities (see below)						(640,778)		(82,624)
Cash flow from investing	activities
Interest and dividends	received				14,953		15,225
Purchase of property, plant and equipment				12	(10,257)		(255,694)
Net cash flow from investing activities						4,696		(240,469)
Cash flow from financing	activities
Receipts from issue of	new loans				840,000
Repayments of long term loans					(71,022)		(44,983)
Net cash flow from investing activities						768,978		(44,983)
Net increase/(decrease) in cash and		cash	equivalents			132,896		(368,076)
Cash and cash equivalents	at 1 August 2019					79,488		447,564
Cash and cash equivalents	at 31 July 2020					212,384		79,488
Cash and cash equivalents	consist	of:
Cash at bank and in hand				25		212,384		79,488
Cash and cash equivalents	at 31 July 2020					212,384		79,488
Reconciliation of net income to net		cash	flow from operating	activities
					2020		2019
Net income for the year						(712,265)		(325,244)
Adjusted for:
Interest and dividends					(14,953)		(15,225)
Interest paid					20,774		11,289
(Gains)/losses on investments					21,166		(26,222)
(Profit)/loss on disposal	oftangible	fixed	assets		192
Depreciation and impairment of tangible			fixed assets		10,224		11,599
Decrease/(increase) in	debtors				(533,286)		(29,880)
Increase/(decrease) in	creditors less than one year				(97,278)		212,978
Increase/(decrease) in	provisions	for liabilities			664,648		78,081
						71,487		242,620
						(640,778)		(82,624)

1.Donations and legacies
				2020
	Unrestricted	Restricted	Endowment	Total
	Funds	Funds	Funds	Funds
				E
Donations	4,202			4,202
Grants received
	4,202			4,202
				2019
	Unrestricted	Restricted	Endowment	Total
	Funds	Funds	Funds	Funds
				E
Donations	21,743			21,743
Grants received
	21,743			21,743

						2020
			Unrestricted	Restricted	Endowment	Total
			Funds	Funds	Funds	Funds
			E	F
Christmas		fair	25,405			25,405
Other fundraising			(57)			(57)
Estate and		rental income	74,748			74,748
Ancillary	income		36,490			36,490
			136,586			136,586
						2019
			Unrestricted	Restricted	Endowment	Total
			Funds	Funds	Funds	Funds
			E	E	E	E
Christmas		fair	27,404			27,404
Other fundraising			33			33
Estate and		rental income	84,558			84,558
Ancillary	income		67,262			67,262
			179,257			179,257
3.Income		from investments
						2020
			Unrestricted	Restricted	Endowment	Total
			Funds	Funds	Funds	Funds
				E	E	E
Investment		income	14,896			14,896
Bank interest			57			57
			14,953			14,953

								2019
					Unrestricted	Restricted	Endowment	Total
					Fundsf	Funds F	Funds 8	Funds E
Investment	income				14,311			14,311
Bank interest					914			914
					15,225			15,225
4.Income from charitable				activities
								2020
					Unrestricted	Restricted	Endowment	Total
					Funds	Funds	Funds	Funds
					E	E		8
Tuition fees					4,031,149			4,031,149
Reduced fee		contracts			(686,303)			(686,303)
Chargeable	disbursements				12,277			12,277
Lunches and		catering	income		63,239			63,239
					3,420,362			3,420,362
								2019
					Unrestricted	Restricted	Endowment	Total
					Funds	Funds	Funds	Funds
					E	8		E
Tuition fees					4,179,091			4,179,091
Reduced fee		contracts			(659,912)			(659,912)
Chargeable	disbursements				75,736			75,736
Lunches and		catering	income		108,132			108,132
					3,703,047			3,703,047

			2020
Unrestricted	Restricted	Endowment	Total
Funds	Funds	Funds	Funds
F	E	f	f
471,641			471,641
471,641			471,641
			2019
Unrestricted	Restricted	Endowment	Total
Funds	Funds	Funds	Funds
E	E	6

6.Raising funds	6.Raising funds
							2020
				Unrestricted	Restricted	Endowment	Total
				Funds	Funds	Funds	Funds
				E	f		6
Ancillary	expenditure			6,148			6,148
Salary costs of raising funds				22,746			22,746
Christmas	fair and other	fundraising	costs	9,875			9,875
Finance costs				72,305			72,305
Bad debts and provision		for bad debts		777			777
				111,851			111,851
							2019
				Unrestricted	Restricted	Endowment	Total
				Funds	Funds	Funds	Funds
				6	6	6
Ancillary	expenditure			19,224			19,224
Salary costs of raising funds				22,590			22,590
Christmas	fair and other	fundraising	costs	6,515			6,515
Finance costs				21,171			21,171
Bad debts and provision		for bad debts		(2,277)			(2,277)
				67,223			67,223

7.Charitable activities	7.Charitable activities
								2020
					Unrestricted	Restricted	Endowment	Total
					Funds	Funds	Funds	Funds
					F		f
Education
Teachers salaries					2,162,411			2,162,411
Pension scheme	deficit	funding		agreement	850,348			850,348
Staff training and	development				164,758			164,758
Supplies and equipment					93,605			93,605
Chargeable disbursements			cost		72,881			72,881
Boarding and EFL costs
Conference costs
Depreciation					3,782			3,782
Minibus costs					23,714			23,714
Minibus depreciation					231			231
					3,371,730			3,371,730
Welfare
Catering salaries					51,456			51,456
Catering supplies	and equipment				32,187			32,187
Medical salaries					25,425			25,425
Medical					2,929			2,929
					111,997			111,997
Premises
Health and safety					12,966			12,966
Estate salaries					202,876			202,876
Property maintenance					92,247			92,247
Light and heat					88,833			88,833
Insurance					56,531			56,531
Cleaning					11,671			11,671
Rates 8 water					49,931			49,931
Buildings depreciation
					515,055			515,055
S~UII costs
Administration salaries					399,851			399,851
Telephone and postage					7,083			7,083
Printing and stationery					7,747			7,747
Communications	and PR				(121)			(121)
Insurance					6,260			6,260
Office equipment	and IT				46,213			46,213
Legal and professional		fees			92,93'I			92,931
Subscriptions					19,290			19,290
General admin expenses					12,336			12,336
Depreciation					6,211			6,211
Governance costs (see		note 8)			30,409			30,409
					628,210			628,210
					4,626,992			4,626,992

								2019
					Unrestricted	Restricted	Endowment	Total
					Funds	Funds	Funds	Funds
						f
Education
Teachers salaries					2,156,126			2,156,126
Pension scheme	deficit	funding		agreement	257,242			257,242
Staff training and	development				115,141			115,141
Supplies and equipment					117,864			117,864
Chargeable disbursements			cost		131,516			131,516
Boarding and EFL costs					43,716			43,716
Conference costs					3,726			3,726
Depreciation					3,952			3,952
Minibus costs					41,160			41,160
Minibus depreciation					372			372
					2,870,815			2,870,815
Welfare
Catering salaries					61,437			61,437
Catering supplies	and equipment				65,575			65,575
Medical salaries					29,268			29,268
Medical					3,097			3,097
					159,377			159,377
Premises
Health and safety					6,522			6,522
Estate salaries					181,459			181,459
Property maintenance					96,934			96,934
Light and heat					85,942			85,942
Insurance					45,633			45,633
Cleaning					24,230			24,230
Rates &water					39,325			39,325
Buildings depreciation
					480,045			480,045
~SU Olt COStS
Administration salaries					403,457			403,457
Telephone and postage					8,757			8,757
Printing and stationery					12,326			12,326
Communications and PR					19,670			19,670
Insurance					4,458			4,458
Office equipment	and IT				60,303			60,303
Legal and professional		fees			138,526			138,526
Subscriptions					5,691			5,691
General admin expenses					12,757			12,757
Depreciation					7,275			7,275
Governance costs	(see	note	8)		20,058			20,058
					693,278			693,278
					4,203,515			4,203,515

													2020
									Unrestricted	Restricted	Endowment		Total
									Fundsf	Funds f	Funds		Funds
Salaries									10,000				10,000
Auditors'	fees		- current		year				9,900				9,900
Council expenses									10,509				10,509
									30,409				30,409
													2019
									Unrestricted	Restricted	Endowment		Total
									Funds	Funds	Funds		Funds
									E	E	E
Salaries									10,000				10,000
Auditors'	fees		- current		year				9,000				9,000
Council expenses									1,058				1,058
									20,058				20,058
9.Fees payable to				independent auditors
													2020
									Unrestricted	Restricted	Endowment		Total
									Funds	Funds	Funds		Funds
													6
Auditors'	remuneration				- current year				9,900				9,900
													2019
									Unrestricted	Restricted	Endowment		Total
									Funds	Funds	Funds		Funds
										f
Auditors'	remuneration				- current year				9,000				9,000
10.Staff	costs and			information
											2020		2019
											Total		Total
											6
Gross wages											2,569,023		2,606,374
Employer's		national		insurance		costs					199,578		199,123
Pension costs											72,393		60,973
Termination		payments'									30,000		4,748
											2,870,994		2,871,218
*Termination			payments		have	been made	in full settlement.	No additional	costs are expected to arise.
											2020		2019
Staff numbers:
Average		head count										130	153

					2020	2019
Tuition fees	charged to 6(2019:4) Parent Trustees inclusive ofdiscounts		amounted	to	52,624	31,869
The following	individuals	who were trustees for all or part ofthe year were	educating	their children at the school:
J Cohen
H Hebrank
E Maslen
V King
BOzgen
TSouleiman

12.Tangible fixed assets	12.Tangible fixed assets	12.Tangible fixed assets
						Machinery
			School			&office	Fixtures	&	Motor	Classroom
				site		equipment	fittings		vehicles	equipment	Total
				F			F.				F
Cost
Brought forward			7,789,318			393,046	283,714		40,968	308,366	8,815,412
Additions				9,249			1,008				10,257
Disposals									(19,064)		(19,064)
			7,798,567			393,046	284,722		21,904	308,366	8,806,605
Depreciation
Accumulated brought	forward					375,565	257,573		39,849	276,909	949,896
Charge						3,497	2,715		231	3,781	10,224
On disposals									(18,873)		(18,873)
						379,062	260,288		21,207	280,690	941,247
Net book value carried		forward	7,798,567			13,984	24,434		697	27,676	7,865,358
Net book value brought		forward	7,789,318			17,481	26,141		1,119	31,457	7,865,516
On transition to FRS	102SORP (2015)a valuation,				provided	by Strutt and	Parker, ofthe school		site has been	included as deemed	cost as at
August 2014.The site		is considered	for impairment		at each	balance sheet	date.
13.Investments
										2020	2019
Listed investments
Market value brought	forward									445,961	419,739
Additions at cost
Disposals at carrying	value
Gains/(losses) on revaluation										(21,166)	26,222
Market value carried	forward									424,795	445,961
The investments above		are analysed	as follows:
Listed investments										133,870	158,571
Unit trusts and similar investments										290,926	287,391
										424,796	445,962
14.Assets held for sale
										2020	2019
										8
Property for sale										710,000	710,000
										710,000	710,000

15.Debtors
		2020	2019
Fees outstanding		976,662	580,275
Fee provision		(318,000)	(318,000)
Prepayments		76,026	95,303
Other debtors		162,147	5,971
		896,835	363,549
16.Creditors: amounts	falling due in less than one year
		2020	2019
Bank overdraft			108,504
Loans		71,763	32,761
Trade creditors		69,213	187,848
Fees in advance			39,464
Deposits from parents		40,982	40,982
Other creditors and accruals		436,346	267,020
		618,304	676,579
17.Creditors: amounts	falling due after one year
		2020	2019
Loans		1,173,063	422,313
		1,173,063	422,313

18.Defined benefit	pension sc	heme liability
			2020	2019
Brought forward			3,343,864	3,265,783
Payments made			(185,700)	(179,161)
Charge to statement	offinancial	activities	850,348	257,242
Carried forward			4,008,512	3,343,864

								2020	2019
				General	Designated	Restricted	Endowment	Total	Total
				funds	funds	funds	funds	funds	funds
					E	E	E	E	6
Tangible assets					7,213,358		652,000	7,865,358	7,865,516
Investments				17,058	116,811		290,926	424,795	445,961
Current assets				1,809,712		9,507		1,819,219	1,153,037
Creditors: &1 year				(618,304)				(618,304)	(676,579)
Creditors: &1 year				(1,173,063)				(1,173,063)	(422,313)
Pension scheme	deficit				(4,008,512)			(4,008,512)	(3,343,864)
Net assets at 31July 2020				35,403	3,321,657	9,507	942,926	4,309,493	5,021,758
20.Analysis ofmovement			in funds
							Unrealised
				Brought	Incoming	Outgoing	gains/		Carried
				forward	resources	resources	(losses)	Transfers	forward
								6	E
Permanent endowment		funds
Permanent Endowment		Fund		652,000					652,000
Endowment Recoupment		Fund		287,391			3,535		290,926
Total endowment	funds			939,391			3,535		942,926
Restricted funds
ESCC				3,000					3,000
Clockhouse Fund				3,789					3,789
Natural England	Fund			2,718					2,718
Total restricted	funds			9,507					9,507
Designated and	general	funds
WO Field bequest				136,440			(19,629)		116,811
Pension deficit (see note		18)		(3,343,864)		(850,348)		185,700	(4,008,512)
Fixed asset reserve (see		note 12)		7,213,516		(10,226)		10,068	7,213,358
Total designated	funds			4,006,092		(860,574)	(19,629)	195,768	3,321,657
General reserves				66,768	4,047,744	(3,878,269)	(5,072)	(195,768)	35,403
Total unrestricted funds				4,072,860	4,047,744	(4,738,843)	(24,701)		3,357,060
Total funds				5,021,758	4,047,744	(4,738,843)	(21,166)		4,309,493

21.Transfer between funds	21.Transfer between funds
										Unrestricted	Funds
From				To						General f	Designated
Transfer	1
General	fund			Pension		deficit				(185,700)	185,700
										(185,700)	185,700
Transfer	offunds from unrestricted		general funds representing		payments		made during	the	year.
Transfer	2
Fixed asset reserve (see note		18)		General		fund				(10,068)	10,068
										(10,068)	10,068
Transfer	offunds to unrestricted	general		funds to match costs	previously		borne by general		funds.

The carryin	g amou	nts	ofthe	c	harity's fin	ancial instruments are as follows:
							2020	2019
							Total	Total
							Funds	Funds
								F
Financial assets
Measured	at fair value		through		net income/(expenditure):
Fixed	asset investments				(note 13)		424,795	445,961
							424,795	445,961
Debt instruments		measured		at amortised		cost:
Trade	debtors	(note 15)					976,662	580,275
							976,662	580,275
Financial liabilities
Measured	at amortised		cost:
Trade	creditors (note 16)						69,213	187,848
Bank	loan (notes		16and		17)		1,244,826	455,074
							1,314,039	642,922

23.Financial	instruments	instruments	(continued)	(continued)	(continued)
The income, expense,		net	gains		and net	losses	attributable	to the charity's	financial	instruments	are summarised	as follows:
												2020	2019
												Total	Total
												Funds	Funds
												2
income and expense
Financial assets measured			at fair value through				net income/(expenditure)
Investment	income											14,896	14,311
												14,896	14,311
Net gains and	losses (including			changes		in fair	value)
Financial assets measured			at fair value through				net income/(expenditure)
Unrealised	gains/(losses)			on investments								(21,166)	26,222
												(21,166)	26,222

24.Operating leases
At the balance sheet date	the school had	total future	minimum	lease payments		under non-cancellable operating		leases payable as follows:
		Office				2020	Office		2019
		equipment				Total	equipment	Vehicles	Total
									6
In less than one year				16,315		16,315	1,629	16,315	17,944
In more than one year less than five year				16,315		16,315		16,315	16,315
More than five years				23,113		23,113		39,428	39,428
				55,743		55,743	1,629	72,058	73,687
25.Analysis ofchanges	in net debt
				2018	Cash flows		2019	Cash flows	2020
				'Z			6	6	6
Long term borrowings				488,769		(33,695)	455,074	789,752	1,244,826
Short term borrowings						108,504	108,504	(108,504)
Total liabilities				488,769		74,809	563,578	681,248	1,244,826
Cash and cash equivalents				(447,564)		368,076	(79,488)	(132,896)	(212,384)
Total net debt				41,205		442,885	484,090	548,352	1,032,442

26.Comparative Statement of	26.Comparative Statement of	Financial	Activities and	Analysis of	movement in funds
									2019
					Unrestricted	Restricted		Endowment	Total
					Funds	Funds		Funds	Funds
			Note		E	E		E
INCOME AND ENDOWMENTS		FROM:
Donations and legacies					21,743				21,743
Other trading activities					179,257				179,257
Investments					15,225				15,225
Charitable activities					3,703,047				3,703,047
Other
Total					3,919,272				3,919,272
EXPENDITURE ON:
Raising funds					67,223				67,223
Charitable activities					4,203,515				4,203,515
Total					4,270,738				4,270,738
Net gains/(losses) on investments			13		(1,001)			27,223	26,222
Net income/(expenditure)					(352,467)			27,223	(325,244)
Transfers between funds			20
Net movement in funds					(352,467)			27,223	(325,244)
RECONCILIATION OF FUNDS
Total funds brought forward			20		4,425,327	9,507		912,168	5,347,002
Total funds carried forward			20		4,072,860	9,507		939,391	5,021,758
						Unrealised
			Brought	Incoming	Outgoing	gains/			Carried
			forward f	resources E	resources E	(losses) E		Transfers E	forward
Permanent endowment	funds
Permanent Endowment	Fund		652,000						652,000
Endowment Recoupment	Fund		260,168			27,223			287,391
Total endowment funds			912,168			27,223			939,391
Restricted funds
ESCC			3,000						3,000
Clockhouse Fund			3,789						3,789
Natural England Fund			2,718						2,718
Total restricted funds			9,507						9,507
Designated and general	funds
WO Field bequest			137,870				(27)	(1,403)	136,440
Pension deficit (see note	18)		(3,265,783)		(257,242)			179,161	(3,343,864)
Fixed asset reserve (see	note 12)		6,969,421		(11,599)			255,694	7,213,516
Total designated funds			3,841,508		(268,841)		(27)	433,452	4,006,092
General reserves			583,819	3,919,272	(4,001,897)	(974)		(433,452)	66,768
Total unrestricted funds			4,425,327	3,919,272	(4,270,738)	(1,001)			4,072,860
Total funds			5,347,002	3,919,272	(4,270,738)	26,222			5,021,758