2022-08-31-accounts - Sarum Hall School Trust Limited

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	Page
Directors Report
Audit Report	12
Statement of Financial Activities	16
Balance Sheet	17
Statement of Cashflows	18
Notes to the Financial Statements	19

he Charity's banke	rs and professional advisers are as follo
Bankers	National Westminster Bank Pic
	COIF Charities Deposit Fund
	Santander Bank pic
	Nationwide Building Society
Solicitors	Veale Wasbrough Vizards
Auditors	Brewers Chartered Accountants
Insurance	Ecclesiastical

					2022	2022	2022	2021
					Unrestricted	Restricted	Total	Total
				Note	Funds	Funds	Funds	Funds
INCOME FROM:
Charitable Activities
Academic Fees					3,036,934		3,036,934	2,828,446
Grant Income					9,550	34,519	44,069	41,151
Extra-curriculum outings	and other fees				104,352		104,352	69,613
Investment Income
Bank interest income					5,324		5,324	1,073
Income from property					16,000		16,000	19,200
Other Income					16102	18090	34 192	5 824
TOTAL INCOME					3188262	52609	3240 871	2965 307
EXPENDITURE ON:
Raising Funds Investment management		costs			3,997		3,997	3,799
Charitable Activities
School Operating costs					~063017	45 037	3 108054	2 741 388
TOTAL EXPENDITURE					3067014	45037	3112051	2745 187
Gains/(Losses) on investments					4580		4 580	95525
NET INCOME/(EXPENDITURE)			FOR THE YEAR		125,828	7,572	133,400	315,645
Transfers					21 524	21 524
Net Movements in funds					147,352	(13,952)	133,400	315,645
Reconciliation offunds
Funds brought forward	at	1 September						7034623
FUNDS CARRIED FORWARD			AT 31 AUGUST	14&

						2022	2021
		Note	Unrestricted	Restricted		Total	Total
			E	E		E	E
FIXEDASSETS
Tangible assets
School land, buildings, and			5,388,140	140	5,388,280		5,385,509
equipment
Investments
Investment property Security investment		9 10	440,266 468 137			440,266 468 137	440,266 463557
TOTAL FIXEDASSETS			6296 543	140	6	296683	6289332
CURRENT ASSETS
Debtors			123,216			123,216	86,002
Cash at bank and in hand			2724 946	45 103	2	770049	2 481 910
TOTAL CURRENT	ASSETS		2,848,162	45,103	2,893,265		2,567,912
CURRENT LIABILITIES
Creditors: amounts	falling due
within one year		12	885012		~886012		~690606
NET CURRENT ASSETS			1 963150	45 103	2	008 253	1 877 306
TOTAL ASSETS LESSCURRENT
LIABILITIES			8259693	45243	8	304936	8166638
Creditors: amounts	falling due after	13
more than one year			821 268		821 268		816370
Net Assets			~25	~23			~350268
Unrestricted reserve funds Restricted reserve funds		14 15	7,438,425 ~425	45243 ~243	7,438,425 45243 ~7		7,291,073 59195 7350268

				Note	2022f	2021 f.
Cashflows	from operating activities
Net cash provided by operating activities				17	400 779	356294
Cashf low from Investing activities
Investment	Income				21,324	20,273
Purchase oftangible fixed assets					(134,764)	(137,508)
Disposal proceeds oftangible fixed assets					800
Cash used	in investing activities				~412540	~117235
Increase in	cash and cash equivalents	in the year			288,139	239,059
Cash and	cash equivalents at the beginning		ofthe year		2 481 81~	2 242 851
Cash and	cash equivalents at the end ofthe		year

Grant income						2022	2021
							E
Deprivation Grant						9,550	9,723
Learning support assistance						34519	31428
EXPENDITURE ON		INVESTMENT PROPERTY
						2022f	2021 8
Investment property		repairs and service charges
CHARITABLE EXPENDITURE —SCHOOL OPERATING					COSTS
			Staff	Other
			Costs	Costs	Depreciation	Total	Total
			2022	2022	2022	2022	2021
Charitable Activities			8	8	8	E	8
School Operating	Costs:
Teaching costs			1,794,172	312,642	29,187	2,136,001	1,888,586
Welfare			31,144	194,956		226,100	191,586
Premises			47,689	246,114	101,572	395,375	370,510
Support costs (note	5)		276233	134345		35~578	290 706
SUPPORT COSTS						2022	2021
						8	8
Salaries						187,895	170,593
Printing						25,447	23,347
Telephone						4,160	2,584
Bank charges						1,860	984
General						13,973	4,342
Loss on fixed assets		disposals				434
Governance (note 6)						116809	88856
GOVERNANCE COSTS						2022	2021
						8
Salaries						28,338	36,713
Professional fees						40,603	37,488
Bookkeeping						30,810
Audit						8,763	7,905
Accountancy						1,725	1,500
Payroll						5,460	4,200
TPA audit						1 110	1 050
STAFF COSTS						2022	2021
						6	8
Wages and salaries						1,680,397	1,582,314
Social security costs						166,959	146,125
Superannuation						201,113	171,923
Pension contributions						40 770	37988

Number of higher paid employees	Number of higher paid employees	in bands of:			2022	2021
f60,000-f70,000 f70,000 - F80,000					3 1	2 1
f80,000 - F90,000						1
f90,000 - F100,000					1	1
The average number	of employees	during	the year calculated	on an
average head count	basis:				2022	2021
					Number	Number
Teachers					29	28
Administrative					6	5
Domestic staff						1

8 TANGIBLE FIXED	8 TANGIBLE FIXED	ASSETS
		Freehold	Building	Fixtures	Fixtures and	Computers	Total
		Land	and	and	Fittings	and
			Professional	Equipment	Restricted	Software
			Costs
			f
Cost:
At 1 September 2021		1,030,790	4,687,975	894,218	19,964	233,932	6,866,879
Additions Disposal			14,382	89,726		30,656 ~2631	134,764 ~2631
At 31 A 9	t2022	1 030 790	4 702 357	983 944	19964	261 957	6 999012
Depreciation:
At 1 September 2021			744,790	542,137	19,396	175,047	1,481,370
Charge for the year Disposal			18,602	82,542	428	29,187 ~7397	130,759 ~7397
At 31 August	2022		763 392	624 679	19824	202 837	1 610732
Net book value: At 31 August 2022 At 31 August 2021		~L)~ 1'~	3e)3L965 ~~	~ ~	140 568	~ 9tL()85	~8L2E ~UL)9

TO THE ACCOUNTS - (Contin ENDED 31 AUGUST 2022	u	ed	)
INVESTMENT PROPERTY											2022f	2021f
Long-leasehold residential property,		at	cost
This investment has been included	in	the accounts at cost,				which		in the	opinion ofthe		Directors	approximates
to the market value of the property	based on			market	information			of sold prices of			similar properties in the
same postcode location. The property to the Headmistress until June 2022. A			was let on an assured new tenant has been				shorthold secured		tenancy basis on commercial terms post year-end.
INVESTMENTS											2022	2021
											E	E
Balance at 1 September											463,557	368,032
Unrealised revaluation surplus/(deficit) year			arising	in the							4 580	95525
Market value as at 31 August
During 2011F250,000was invested		in	CAF UK Equitrack			Fund		—Accumulation		units.
Current Asset investments include	fixed interest deposits					with	maturity		greater than		100days.
DEBTORS											2022 E	2021f
Fees											714	1,544
Costs recoverable from parents											72,677	33,318
Prepayments Other Debtors											43,575 6 250	38,400 12740
CREDITORS: amounts falling year Trade creditors	due		within	one							2022 E 136,939	2021 E 121,702
Deferred income											500,949	404,057
Enrolment deposits held on account Taxes, pensions, and social security Accruals and other creditors		costs									142,597 74,135 30392	81,950 42,378 40519
Deferred income reflects tuition fees		paid in advance
for the following year.
CREDITORS: amounts falling than one year	due		after	more							2022 E	2021 F
Enrolment deposits held on account: Due between 1 and 5years Due after more than 5years											292,745 528 523	338,882 477 488

ANALYSIS OF NET A	SSE	TS BET	WEEN FUNDS	WEEN FUNDS
			Tangible Fixed
			Assets		Net Assets			Total
				E		8		E
RESTRICTED FUNDS 2022
Bursary Fund					42,603			42,603
Equipment Appeal Fund				140				140
SHPA					2,500			2,500
UNRESTRICTED FUNDS		2022
General Fund			2,539,710		987,486			3,527,196
Premises Reserve			2 848430					2,848,430
Building Maintenance	Fund				1 062 799			1 062799
Total as at 31August	2022
			Tangible Fixed
			Assets		Net Assets			Total
				E			E	E
RESTRICTED FUNDS 2021
Bursary Fund					58,627			58,627
Equipment Appeal Fund				568				568
UNRESTRICTED FUNDS		2021
General Fund			2,536,511		900,302			3,436,813
Premises Reserve			2,848,430					2,848,430
Building Maintenance	Fund				1 005	830		1 005830
Total as at 31 August	2021
RECONCILIATION OF NET INCOME TO CASHFLOW FROM				OPERATING	ACTIVITIES
			2022 E		2021		f
Net income				133,400			315,645
(Gain)/Loss on investment			(4,580)		(95,525)
Depreciation charges			130,759		134,753
Loss on disposal offixed assets			434
(Increase)/ Decrease	in debtors		(37,214)		(28,355)
Increase/(Decrease)	in creditors		199,304		50,049
Investment income			~21 324		~20 273
				267 379			40	649
CASH AND CASH EQUIVALENTS			AND NET DEBT RECONCILIATION
Cash and cash equivalents		at the start ofthe year		2,481,910			2,242,	851
Movement				288 139			239	059
Cash and cash equivalents		at the end ofthe year

			2021	2021		2021
			unrestricted	Restricted		Total
			Funds	Funds		Funds
INCOME FROM:
Donations
Charitable Activities
Academic Fees			2,828,446		2,828,446
Extra-curriculum outings		end other fees	9,723	31,428		41,151
Grant Investment Income			69,613			69,613
Interest income Income from property Other income			1,073 19,200 ~824			1,073 19,200 5 824
TOTAL INCOME			2933879	31 428	~2965 07
EXPENDITURE ON:
Raising Funds
Investment management Charitable Activities		costs	3,799			3,799
School Operating costs			967	33421	~27	388
TOTAL EXPENDITURE			~2711	33421	2745 187
Gain on Investment			95525			5525
Net Income l(expenditure)			317,638	(1,993)	315,645
Transfers			5 195	5 195
NET MOVEMENT IN FUNDS			322,833	(7,188)	315,645
Reconciliation offunds
Funds brought forward	at	1 September 2020	~968 24	66363	~70	4 623
FUNDS CARRIED FORWARD AT 31 AUGUST 2021