Chrlty r•gl•tron numbor 525931 Cofflpny r•gl•trallon numb•r OOT13067 (Engl•nd and W•5) (Enqland and Wal••l HULME HALL EDUCATIONAL TRUST LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
HULME HALL EDUCATIONAL TRUST LIMITED LEGAL AND ADMINISTRATIVE INFORMATION MrLHCarr Mr. J Asha¢a10n Mr E W Nichc418 MrTRLow• 8•¢r•t•ry Mr S Malkln Ch•rlty numb•r 525931 Company numb•r 00773867 (England and Wales) R•glsl•r•d offl Hulm8 Hall Grammar Schod B•8¢hAv•nu• unit Klngdijm SK3 8PIA Audttor Azets Audlt Sep41cs pha Hous8 4 Gmk Street Stockp Unltsd Klngdom SK3 8AB Bmk•Y¥ Nthn41 W•¥lmlnst•r Bank pk ChevJl8 Hul PO 8ox 2027 Howdch BL6 4YU Sollcknrs Squlr• Patton Boggs {UKI LLP No 1 Swnningfialds 1 Hardman Slf88t Manch88ter M3 3EB
HULME HALL EDUCATIONAL TRUST LIMITED CONTENTS Pige Trust8. repc*t Statsmont of trustso$' responslbllities 12 IndeperOnI audhorfs rewl 13-15 Statement of finanoal aclrites 18 8•18nce sheet 17 Nots8 10 the Ilnandal stat•m•nts 18-27
HULME HALL EDUCATIONAL TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 The trustees pre$trnt thoir annual r¥port and finan¢ial ststemonts for th¢ year ondod 31 August 2024. The financial statèrnents have been prepared in accordance with the accounbng polldes Set out In note 1 to tho financial statèmènts and comply wth thè charitys goveming docurnent. the Companiès Aet 2006 and 'Accounting and Rery)rDng by Charitiès.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with thg FJnan¢ial Rgportlng Standard appllcablè in th8 UK and Ropublic of Ireland IFRS 1021 leffectlvg 1 January 20191.. REFERENCE ANDADMINISTRATION INFORMATION The Hulme H811 Educational Tnjst Llmlted is a reglstered charfty INO. 5259311 and a company INo.007738671 limited by mernbership guarant88s. Its wistèred offica is shovm on the infomation sheet. The tnJste8s who served during the yoar together with thg dotsil$ of gx19mal advisor8 are noted on thg compBny infomiation sheet. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng Documont Th• charity is governed by its Memorandum and Artide3 of Associath'on adopted on 12 Sapt9mbor 1963 as amended by Spe¢S01 Rgsolution dated 21 February 2008. Gov•rning Body Tha affairs of tha charity are managed by a goveming body. Th8 trustaès of thè charity are also members of tha govèmlng body. Mr fimothy Lowe Mr LaurencE Ca Mr Edward Nicholls Mr John Shackl8ton Ichalmianl Recrultmont and Trnlnlng of Trust$ The charity's trustees and TNstg9s are appointed by the Board of Truste8s after duo considoration given lo gligibility, personal competence, speThalist $kill$ and local availability. N8W tnjstees and Trusto&5 are inducted in the worknngs of th& charity and the school by the Board of Trustegs. the Headmaster and Busin8ss Manager. Ongoing training 13 Provided periodically. The Board contsnues to actively replace itself with suitsble candidates who ¢8n demonstrate a pa55ion for L¥)ntinuous impmv8m8nt and who can offer any skn11 required of a diverse voluntsry group.
HULME HALL EDUCATIONAL TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 Org¥nlsatlonal Man49omont The Trustees are legally rèsponsible for th8 overall management 8nd control of the School. The work of Implementing most of their policie8 18 carried out by member8 of warious commiltees. Thg Financg Committ9• nomially meets before each meeting of the goveming body and on other occasions. They review managemont ac¢ounts, approva revanue budgets, consider capitsl projacts and costs and fin81iso the audited accounts and annual report f approv81 by the govgming body. Thè Edu¢atson Committee normally meets at least once each term and focus on all demiC rnatt8r5 induding analysis of public 8xaminalion SU1¢S and curricajlum review. Th& Full Gov8ming Bc¥Jy meet at least three times a ye8r1on¢è por tèml trArt the various othèr ¢ommittees will meet more often if necessary. The Headmaster and the Business Manager attend the meeting$ of the above CLynmitt&es. The day to day running of the h(%)IS is delegated to the Headma8t8r supported by his Senior Leadership Team Induding the Business Manager. Rlsk Managem•rt The goveming body responwble for the m8n898mènt of the nsks faced by the school. Detsiled ConstIonS of risk a delegated to the Finance ComMe8 and Educ81 Committè8 who arg assisted by members oflhe SenKY Lgadethip T$am. Risks are identifi6d. assessed ané controls established thmughoul the ygai. The key controls used by the charity inelude.. fomal agenda lor all Commitiè8 and Board aCtIty tems of reference for all Comrnittees comprehansive stratsgic planning, budgeting and managomont ac¢ounling fomal writtén policies clear authorisatlon and approval levels vetting proce(lur&$ as raquirad by law for tha protecion of the vulnerable. Through the risk management pro¢osses &stablish8d by th8 trust, tha tnJstg8s ar8 Satisfied that the major risks idontified have been adequalety mitigated wherg n$cès$ary. It is raeognised that systems can only provSd& reasonable but not absolute assurances that major risks have b08n adequatety managed.
HULME HALL EDUCATIONAL TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31AUGUST 2024 08JECTS. AIMS. OBJECTIVES AND ACTIVITIES Charitsble Object• The Charity's Objects, as set OLrt In the MgmoT8ndum of Associatton. are for the publSc bèn$fft to provid8 oducation for children beleen the agas of2 and 16 by way of management of Hulmg H811 Pre-sthool. Junior Leoming Centre and Senior School. In setung objgctive8, the Ttee5 have also considered the Cl)arity Commission's general guidance on public benèfit. In furthering the Charity'8 objectives, the school fumlshes. maintsins and equips Ots buildings and sports facilllles. Tho school awards means-tested bursariés to d$sèrving pupils who cujld not othewse afford to attend the schod. A5ms and Int•nd•d Impact The Hulme Hall EdUCab"on Trnsl's aim is to provide a first-dass 1fidendent education, both through strong academie ttlition and through developing wider sporting, artistic and social skills in all its pupils. Thls Is intended lo provide an enviffjnment where each pupil can develop and fulfil hi3 Of her potential. thus to help bLsild sev- confidence and inculcats a desire to witribute to the wider community. Tha cl)jè¢ttv8s of the h0o1 were as follows.. To provide a compl•t• •ducatio) package from the ag8 of 11 to 16 yèars and to contlnually strive for axc811on¢e in all Braas. To provide a Prtrscknool offering for childf8n bèfvA8n thè ages tsf 2 arHI 4. To prowde a challenging, yet caring and suppwtive environmenL which ¢8ter8 for a wlde range of academic To prowde a Caring, nurturing environment combined eXlIent pa8lcfal care. whi¢h allows every individual to thrive.. personally. socially and morally, as w811 as acadgmically. To ensure that every child achièvos. if not exceed3 his I her academic potgntial and ha$ thè opportunlty to participate in a W-ranging pwrammt of c(ptsJrricular actwities. To dgvelop th& effectiveness of pastoral tutoring in smallor 9n)UP$ $0 that every pupil 1$ knoym and valugd. To foDJs on the needs of the individual ond to tailor the ¢urri¢ulum and assoctotgd 8UPPOrt and pastoral care to that indiwduAI to d81ivar th& best possible results. To encourage every pupil to develop all facets of thglr Character.. spirrtual, int811octual. moral. social. cultural. charitable and emotional. To nurturè and davalop indèpgndenl reaming tethniques and approachas to pupils taking ownarship of their outcomès. To improve public examination results through raising stsndards of as5essmgnl. m8rking. tr8cknng and intervention. To ¢MtinLtè tr) rovigw thè content and delivery of the academic curriculum. To improve futher the quality of teathing through staff developmgnt 8nd by erurtn9 th81 good pracbee is PTomvlgated throughout the school. To continue lo improve the facdities through a managed sthgdulg of maintenance and major works.
HULME HALL EDUCATIONAL TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Prin¢ipal activities in the year The Charity principally prowdos s&condary and primary gducalion in the Greater Manchester and Cheshire area to boys ano gids from the ages of 11 to 18. In additi'on. the Charity provides pre4chool education for boys and girts from thg 999$ of 2 to 4. This yoar th$ Senior Sthool averaged 15912023'.1551 pupits and the P-School averaged 6712023=651 pupils. Th8 number of stsff employed during the year. including part-tim8 stsff. was.. tsad)Ing related staff 49 and nonthteaching staff 11. Public Benefi( Aims and Int•nd•d Impact The Trust's public benefit alm is to provlde an excellènt indèpènd$nt education through 8 strong academic tradition and through developing wbder soaal, moral and pèrson81 sknlls. These are enc4yJragéd through the devalopm$nt of 8 supportive cornmunity vh)i¢h places a strong emphasis on the individual development of boys and gids. Such an enwronment helps pupi15 to leam self-disrapline, particApate in and be enriched by the challenges of many extra- curricular aCtiv.e8 which will contribute to their success in life beyond school and univefsity by aquipping them w high moral values, petsonal qualities and a thirst for knowlodge which wll serve them all their lives and enable tham to bècome worthwhile and r8sponsible citizens. In sgth.ng Out policy and planning the89 activities Ihe Truslees and Trustees have gSv8n caroful considerBb"on to the Ch8nty Commis&on's ggngral guidan on public benefit and in particular th8 requirement lo demonstrate that public benefft for any charitable purp03e where it had previously been presumed in tho absence of evidonce lo the contrary. The Sthool continues to provide means-tested bursaries to chldren whose panIS would not othIse be able to pay th8 faos. Flnancral asslstanca was provlded to 18 pupil$ across the s¢hod for the academ1¢ y$ar. Links with local schools and cric4(et dubs have Continued to be developed wth a local prirn8ry school and erricket dubs using the school's sports facilities. The school continues to host tha annual ISA North natball MpetitIOn which utilises the all Weatherlaclty. The School continuos to enjoy running the Duke of EdinbuTgh Award Scheffle and prowdes opportunities for training pupils to leam about the enmronment beyond the walls of the school. Grant4naklng polley E¥8ry year, bursaries and other awards aro made to the School's pupils out ol unrastrided lunds. The TrustÈe$' policy is to make these awards on tre basis of the individual's educats'onal potential and. in the case of bursaries, of finanu81 aid. AJI bursaries granted are means-tested. Thi8 year the School gave bursaries and other discounts of £135k12023-.£116k) to holp 31 12023.'321 pupils. Extsmal RtIOnS The School has maintained tis mambarship of 8 recognis8d n8b.onal 8$sociation throughout the year. Th8 Headmaster is a member of the In¢J8pendent S¢hod$ Assoi>8tiM IISAI. The Sc*ool are also mernbers of the Association of Goveming Bodies for Independent Schools IAGBISI and the IndgP9ndent Schools 8urys8r Association IISBAI. The membership of thesa associations allows th8 school to draw on consid8rabl8 èypertis8 from those 8ssouations in matters of COM1nCe and edu¢ab"on81 ex¢ollence.
HULME HALL EDUCATIONAL TRUST LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 Golng Concern In 2017 the School relocated to its ¢urrent 311e by entering into a lease agream8nt Mlh the Dgpartmenl f Education with an option to purchase th& site at a later date. The proceeds from the sale of the old school 8tte were Used to $tr&n9thgn S¢h&J'$ finanLial position. In hAoy 2024 th& Sthool wmplgled the disposal of the Buttersfield sit$ to boost r8$èN8$ furthèr and promdè the nècèssary caprt81 funding lo purchase the current sthod building from th& D8parlm0nt of Educatir. Trustees continue to act proactivély to 88feguard the long-lerm fijture of the Sthool by èxWoring possibl• optson$ such as the morger of th• charity Into a larger enuty to prowd8 finanaal. oparatlonal and govemancg 8UPPOrt, provkllng graater certainty for th8 school. The Trusteas have reviewed the fin8na81 fc¢e¢8sts and proi&¢tson8 vknid) demonstratg that. deBPite the future thallenges of VAT on school fees, al)oliti'on of business rate relief and addrtsonal Nalonal Insurance CA)nIntiOnS (all due to take effect in 20251. the school is able lo meet its obligations as they fall due lor a peric*J of at lèast Iwelve months frcffi Ihe date of signing these financial staternents. Thg Trustg8s hAv8 thgreforg adopted the gng conc8rn basis of ac0)Unng In preparing thè finanaal stotsm8nts.
HULME HALL EDUCATIONAL TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 ACHIEVEMENTS AND PERFORMANCE REVIEW Op•Yational porfonnance of th• schools and publi¢ benofit At the beginning of October 2022, the school received a FooJse(I Compliance Inspeclion IFCII, alOr wth an Educational Quality InSCtIOn IEQII. Once again, th& school Yrds judged as being fulty c4)mpliant in the FCI part of that inspeCtn proSS. The EQI part of that process off8rs mor8 detail and judgements relating to the quality of oducation on offai at Hulm8 Hall. Judgements arè madè regarding the quallty of pupils, academic and other achievements. as w811 a$ the qualrty of pupils. porsonal dwlopmenL Th8 inspection report can bé studied In deiail on tha School and ISI website. As noted vrithin the grant making poliey abovè. the principal public banefit provided by the School is means-tested fee assisiance (see details of bursari&s within this policy above) and other fee discounts. This meant that a total of 31 pupils were assist1 al ¥ ¢osl of £135k, vthich repmsents 6.fj% ofthe total gross fees in the senlor school. Th Trustses confim that they have had regard to guidance on public benefft issued by the Charities Commission in thè exercise of Ihar powers and duti8$ whère the guidance is relevant to thg operations ofthe Sthool. This year, Iha Year 11 cohort consisted 0133 pupils, many of whom had joined thg school part way through their senior sthool careers. Our GCSE pass rates Igradas 4-9 inclusivel were at 85%. very similar to last yea¢s 86V•, though there wa8 a further. very pleasing increasè in the percentsge of top gradès (grades 7-9 inclusivel awarded. up to over 22Yts, an increase on last yèar's figure of 18%, which in itself was a big increase from 2022. On a subject lev81, thg Math¢matiu department are worthy of special mention, 8ecuring a 97% pass rat&- thi5 is in a subjoct wherè pass r¥tgs nationally were around the 60Vo mot. Resujts in English and Science also dearty beat the nats'onal average in lemis of p88s rates, with English achièving 820/0" Inaknonal average 62%) and saen¢9 88% Inalional average 57%1. Art, Craft and Deslgn. Photography. F¢xKI Preparation and Nutrrt¢'on, Mustc and Psyrj)olJY all achieved 100% pass ratés. Unlike some other ind8pand&nt schools. Hulmo Hall is not an acadomieally sgle¢tive schoc4 0$ suth, and w ¢8ter for children with a wide range of a¢adernic abilities. Therefore, simply Iking #l raw r8sults doesn't nssarilY provid& an a¢¢uratg Picture of an individual child's achievements. For example, achieving a grade 4 or 5 may adually be a very good result fw a child if that result èX¢o$ds Iheir predided or expected grade. For that reason. we also look dos8ly at OUT Valu8 Added data for aa¢h indiwdual pupll. Every pupil completes basélinè aSSM&nI in years 7 and 10 ICAT41. which providè$ a prediction of what th8t child mbght be expected to 8chi$ve in 88ch GCSE subject. A6 a school. we aim. through the use of small dass sizes, high quality teaching and individually tailored support, to help that child a¢hl8vo bgyond their baseline targets. In other words. we try to 'add value" for that child. This year our GCSE pupils. orl 8verage, were able to score d¢)se to a full grade 1+0.7) b&tter per subject than was pICted by the baseline data collected at the start of their Hulme Hall careers. That is very gncouraging, gSt>gaally as the examination boards hav6 ravèrtgd to 11ghler pres)andemi¢ grading levels. The 8chool 13 about more than just achieving examin8ts.on ie8uIts though and the 8xcellent pastoral Te and th& support offered by the unique Enrichment Dopartsnent enabled some pupils who may have struggled lo comete their educalion elsththere. to not only do just thaL but lo do so successfully and achieve som8 cr8ditable r8suhs. Hulm8 Hall ¢onb"nu&s to maintsin d05e links with severnl colleges and apwenticeship provldtrrs in the Gr88ter M8nchestsr end Stockport areas. Wè 8Te thankful to our 16+ collaoguès hav8 SUPPOrted us by dèlivering application awJgmNies'. 1..1 Mock Interviews and attending tha 2024 Caro$rs Fair. As a rèsult of a plannèd and varied careers programme, we are pleased to r•port that only Lw)è of our Year 11 Class of 2024 Leavers was NEET (Not in Education, Employment or Training}.
HULME HALL EDUCATIONAL TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 . 33134 Year 11 Le8vers went on to fijrthef education. training or employment. BTECS & Diplornas continue to be popular chceS alongside tradiQ'onal A Level suty9¢1s. . This year the most popular college was StockporL One Hulme Hall Leaver have gone on to follow an Apprenticeship in aco)unting. . Two Hulmo Hall Leav8rs have continuad in Indapendent éducation. To ce18brate a SU$$1y1 sot of GCSE Rtr$uts 8nd t() th$ir $¢hiK)ling at HHGS on a high, the Annual Leavers. Prom was Teinststed in 2024 after a hiatus follong the COVID pandemic. Over 65 staff and students onjoyad a formal evening where dressing up. arriving in style, eatyng, dancing and reIving Prom Poll Awards and voting for our Prom lfjng and Prorn Queen were 8nioyed by alll School continues to partlClP8te. where possible, in National ISA Sports events and striv88 for success In both tèam and individual pursuits. HHGS perfomied well at the North ISA Cross Country race with a Year 9 pupil p18¢ing overall 3rf in their racé and gaining selection lor the successive year to the North team at tha Nation81 Finals, placing 12th overall in the county for hgr 890 group. Athlet8s also rf0M&1 well at the ISA North Athlètic5 Championships. with one Year 10 student gaining selection to represent the North at the National Finals al the exander Stadiurn. Birningham. Girfs. sporting 0pporttjnits havo d0v9loFd ovar thè past 12months, with Nalb811 teams once again Compgting in fn'endlies against other small ISA h0O1$ and scAné local Grammar Schools. A successlul competstsve netball weekend residential look place at Boreatton Park, Shropshire in May 2024. The netball gills w8r8 introdvced to the $$ibilitios on to elite I talented players. when England Roses Academy Player l Manthester Thunder Netball Super L88gue Pl8y&r Ella Bowen visited school and ran both a coaching session and a Q&A. This was th•n followed by a visit lo the AO Ar¥na Man¢hastèrr to attend a Ilxtura and support our local Manchester Thunder tea in def8nce of their 2023 Super Leagug trfg. Football ntinUeS to b8 the most popular sporNng activlty pursued by the boys in s(*ool. Teams wer8 busy vJith 8 number of friendly fixture8 throughout the season. As with the girls, netball, age groups come together to 88tabli3h t8ams and compete both locally and at ISA toumaments. Two notable players in Year 8 ore linked to football Academies, one pl8yin9 at Stoke City FC and one playing at M8cclesfi8ld Tovm FC. Sports clubs have continued to be pular both at lunthb"mg$ and aftor schod, wth attendance continuing to grow. Rugby training has been added a8 an extr8 dub Ihi¥ year al the request of the S¢hod Counal. IndidUal spOng Achievements indude a Year 10 student who. to add to her North of England representational honouts, continues her Windsurfing Roumey by competing and medalling in Inter-club sedès al both Burton and Nottingham Sailin9 Clubs. A Yèar 9 student is followng in his dad's footsteps by aiming to become a professional racing driver. He trains and ¢omp&te$ both nationally and Intèm8tion8lly in the Junior Karbng Circuit and is hoping to movg on to car track races during the next academic year. On Sports Day, toumaments for 88th Year Group saw all schoc4 pupils compete in tug-of-war. rounders. foolball. beachball volleyball, silly games rel8y$ and wally-wanging and w8t&r gamèsl Once again, Lyme Hous¥ were ¢rownad the overall Sports Day winners and Dunham HOU also won the ovorall Annual Hous8 Competh'on. School ended tho ygar our Amnual Awards Presentation Moming with prizes given to our top athletes and to PLtpils in all academic, arts. music and pèrfomiance subjects forAchievement. Commitm$nt & Excellence- ourACE Awwdsl During th• last acad8mic year. school had pupils parb'eipating in both thè Bronzè and Silver Dukè of Edinburgh's Award. Pupils invdved themselves in a variety of Skill. Physical and Voluntoer a¢tiwties, both In and out of, school. 17 parbryp8nts passèd th&lr Bronze Expedition, and 5 participants passed their Silver Expeditlon sgction, and all are working towards full cartthcation. Notsble academlc achievements this year includtr HHGS Y¢ar 10 siudgnts eompeting in the Stockport Gr8mm8r Annual Scienee Team Challenge.
HULME HALL EDUCATIONAL TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Arts subjerts hav& endoavourgd to stratd) 8nd challengg our sludents this year. Thg Art and Design Bnd Phtitography Exhibition was oncé 8gain A 18aturè of the Summar Tom pieces on diway from GCSE candidates, Key Stago 3 artists and also pie¢e8 ol art photography 8nd uafts submitted by members of staff. Our Music Department continues to inuease the number of pupils playing instruments, singing and taking axams. School hald hvo concerts this year - The Movie Soundtrad( themed Spring Concart and the Summer Showcase whèrè pupils vkno r8caiv8 patipatètic music lèssons w&r& to demonstratè thair talents in a varièty of dis(aplines in¢luding slnging. drums, piano, wolln. flute and guitar. LAMDA {London Academy of Music and Dramatic Arts) continues lo be a thriving paripatetic lesson and a popular addition to our enrichment prc4Jramme. 3 students completed LAMDAexams it) the summer as fc41ows: Year 9 (FBI- DISTINCTION- 911100- Grade 3 Year 8 ILFI- DISTINCTION - 901100- Grade 3 Y•ar 8 IHRI- DISTINCTION - 901100. Grade 2 The Drama and Muslc Departmonfs coll8bor8ted 8t Chrfstm8s by pr8sentlng an Elizabethan penned by H&ad of Drama Ahsan enbtled (Have YourselQ A Merry Tudor Chrislm8s. This drew on the talonts of a large number of perfonners, over 50, from Years 7-11 both perfomiing on stsge, in the band and behind th& sc8n•s helping lwlh th• tochniGal aspeGts of the show. Annually the $¢hool endeavours to provlde our students wlth an array of wslts to slimulale InteSL enrich their education and provide them with opFx)rtunitlès that go b8yond the dassroom. During the academic year 202314, students participated in Curriculum Enri¢hmenl Day5 which Fncludod.. Yèar 7 Bonding Day," Catalyst Srienc Discovery Centre,. Ca3Ueton Cavems and Mam Tor,. Rock & Riv8r Outdoor Pursuits., Lowry Art Gallery and Imperial War Museum North. They attended the Bolton Octagon for a Christmas Panto and GCSE Drama students also had O Msit to Manchester's Royal Exchange Theatre to enjoy a live performance of the Shèlagh Dèlaney play. "A Taste ofHoney.- Our annual tnp to London was Bttèrtded by 4Q students 8s a rewant for their involvement with tha Chnstma$ Productson and visit to Manchester City'$ Etihad Stadium allowed $port$ and nutntm students to ex6¢8 8 day in the life of an MCFC profossional fcthll8r. 2023124 was another succgssful yèar for fundralslng for local and national charitigs. In schocl the puplls nominated suicid8 prevention charity PAPYRUS UK as our rèupiènts thrs year. Th9h a variety of 8v8nts. staff 8nd pupils went on to raise £1,783.45. In addition, school raised £741.01 at our annual Ma¢millan Coffee Moming. Otjr ISI Inspaction Raport for 2022 noted the groat charity and community work th8t sd)ool does- for a small 8¢hwl. we are prthjd to mak8 a big difference.
HULME HALL EDUCATIONAL TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 FINANCIAL REVIEWAND RESULTS FOR THE YEAR The Schocd mada 8 surplus after d8prsty8tion of £1.052k12023'. tjofiat of £351k). Indud8d the surFIus was £1,426k net profft on disposal of the Butterfield site and £272k costs assi)uated with th8 rentsl and subsequent rchas8 of th8 current site and WO on an aborted sale to a third party. The Unre8tri¢ted Fund$ 8t 31 August 2024 w9rg £2.572k In $uWu$12023.' £1.5211. Trustees recognise that the C•)ntinuing very *nffi¢8nt oconomlc pressures on parents may have an impact on fvture rocruitment and retention. However. they note the huge commitment of families to Hulme Hall Grammar Sthool 8nd their thildren's educalKsn and that th¢ level ol fee debt owed to the School has not increased significanuy. The new Labour Government's intention to introdu¢è VAT on sch)1 fées and wthdraw Business Rates Relief for Charities causès $igntfi¢ant uncertainty in the sector and wijl p08e signffj¢8nt further financial prèssurés on the School throughout 2025 and beyond. The Trustees are mindful of this arKI continue to on$U Ihal effio'en¢ies are mado where possible to cushion against financial Shocks. In¥tmOnt Poll¢y and Porforni•n¢g At present the investment policy is to maximise the long-lemi total reium of th& charity's investment funds $ubjeci lo th8 risk nomally assooat8d th a balanchd approach to portfolio rnanagernenl. AJI availabla fvnds were invested vhth National Wgstrninster Bank pjc dèposit accounts. The Trusvs Finance Ccfflmitt•e wll be examining the b8st retums available on inve8trntrnts. R•g•rv•s Poll¢y Free reserves available for the use of tho ¢h8rity ara d88med to ba those that am rèadily realisable. This exdudes proporty and other fixed assets that will continuo lo bo US8d for the day-to4ay running of the charity. As a m8ttgr of pdlcy. each year the trustees review the valve of the reseNg$ wuired to be hekl in inveslments, cash and cash equivalents not restricted to any partiujlar purpose. The Trustee8 consid&r th8 chariW5 exposure to the risk of any 8ignsfi¢ant l<)ss of income, and to the risk of unforeseen expendibjre. whSch ¢annot be mrtigated by axecutive acfion, and the agregd d8gre& of tha rfsk ascribed to each such event is assessg<J. The TNStees have detsrmined that the fr88 resorvgs should b8 8quivalent to approximately three to Six months direct ¢l)aritsbla expenditure. The Present level of fvnding is adgqll8t8 to support the continuation of the Sthool's activiti'es in th& short-tem).
HULME HALL EDUCATIONAL TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 FUTURE PLANS It rem8ins the Tnjslees. and Headmasterfs intention to •nsure that pupils continue lo achieve the best academic results that they can, a5 this will enable them to gain onty to sixth form colleges or to pursue the next stage of their education 8$ they choose. The airn is also to educate the wholè child and io prepare them for life beyond school by having Ihe opportunty to participate in a wdè range of pastor31 and COthcAJrricular activitl8s. which will anablè thè In¢Jividual to make ¥ positive contribution to souety once they lèave the s¢hool. The k&y oblectives for 202412025 ara= 1. To Increase tho numb&r on pupil roll through a cloar marketin9 stratagy and ¢ontinuing to r8É5è Iho st8ndards right acTOS$ Iha School to attract more families to our oulstsrvllng school. To rnake graater use of Ihtt d8ta available through th? rèc8nUy introduced baseline testing and half-tennly tracknng system to better target inleNèntions where required, so that improved OLrtcomes for individual pupils are achieved. Pupils wll be encouraged to take an active part in this pr(88. To lInUe to improve the GCSE results. both in lems of raw results and value•add. Ensure that all puplls receive th¥ highast levels of ¢8r•. collaborating. as appropriate. extem81 agenaes and other sd)ools. in order to promote their well-bein9. Thè School VAII continue to 0r addition support to those pupils who need IL To create ¢ontinuous opportunib.es for pupils to ¢Jevelop th8 skills of initiats've, alcation, resilience, perseverance and independen¢&. A co-¢urricular programmè is in place to supwrt this. The Trusto•s continue lo be aCLrtdy aware of th& economic pr888ure on porgnts cays&d by th9 19Vo1 of f98$. They 11 continu8 to ensure that the fgas for tuOn offer 9XCollent value for mon•y as w911 as sèèking ways to raduce ¢osts whergvgr possible without compromising thè high standards of leachlng, pastor81 eare. (x)-currlcular opportunitses, tha provision of other sorwlces. and long lem Invgstment in th8 new sitè arKI thg School's f8Lalrfio$. PRINCIPAL RISKS AND UNCERTAINTIES The Board of Trustees. assisted by the Senior Leadorship Tgam is iesponsitlo for the management of the risks faced by the School. The Twstees Mew the most significant risk to the future of the Schwl to be a possible future financial implication becau8e of changing e00M1¢ and p)litical pressures faang the sector. He81th and Safety dsk management underpins m8ny ol the activitias of the School, from daity management ol infrastructure risks such as fire to personal risk3, parb"cularfy when pupils ar9 involvgd in offsits cfr¢urricular actwilios. Carefvl annIng and detailed risk assessment pro¢oduros are in Fdacg to minimis& the$0. Through th¥ risk managernent processe8 established for the S(*ool. the Trustees are satisfsed that the major risks idenb.fied have been Bdequately mitigated where newsary. The Senior Laadernhip of the School regularfy reviews these risks and day-taY managemènt of those risks is delegated to the Senic¥ Leadership Team. Risks are identifi¢d, assessed and contrds establishe{1 throughout the year. 10-
HULME HALL EDUCATIONAL TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 AUDITOR In accordance with th8 o)mpany's artide8. a resolulion proposlng that A2ets Audit Services bg m8ppointed as auditor of the company will be pul at a General Meglin9. STATEMENT AS TO DISCLOSURE OF INFORMATION TO THE AUDITOR The Trustees who were in officE on the date of approv81 of these financAal statements have conffimed, as far as they ore awa, that there is no relevant audit information of which the audiloi is unaware. Each of the Twstees have ¢x)nfimèd that they have taken all the steps that they ought lo have tsken as Trustees in order to make themselves awa of any r¢levgnt audtt Infornalon and to establssh that it has been ojmmunicated to the auditor. The Tnjstees h8ve also tsk8n all nècéssary stèps to comply vAth their obligations as sel OLrt by the Charity Commission to act in the b881 interests of the chafity and comply with their legal ijuties under charfty l¥w. induding thelr duty of prudance. Approval By lder of tho Bt)ard Approved o behalf of the Trustees Mr T Lowe- Chairynan Il. ul.7- 11
HULME HALL EDUCATIONAL TRUST LIMITED STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 AUGUST 2024 STATEIAENT OF DIRECTORS. RESPOMSIBIUTIES Th8 Tru$t8gs (who 8re Blso directors of Hulme Hall Educational Trust Limited for thè purpo805 of company law and trustee8 of the ¢haritablè company for the purposes of charity lawl ara responsible for preparing the Trustè8S' Report and thg fin8ncial 5tatèment5 in accordance with applicable law and Unit8d Kingdom ACntIng Stand¥rd$ (United Klngdom Generally Acceplg¢J A¢¢ountlng PrBcticel. Cunpany law requires the TTUStees to prepare finanrAal 31atements for oa¢h finanThal year which givo a and fair ew of the state of affairs of the charitae company and the group and ofthe incoming r8soure&s and applicat'on of resources, induding Ihg income and axpèndirS, of thè charitabl& group for that p8ri¢d. In Preparing these finanaal statements, the Trustees a requiffjd to.. selèct suit8Ne Accounting poliues and then apply thern nsIstenI1y.' observe the methods and prirriples in tho Charitiès SORP IFRS1021; make judgments and estimates that afe reasonable and prudenL stats whether applicable UK ACrUnting Stsndards have been followed. subject to any material departures di8closgd and exaIn$d In the financAal statements- and prepare the financ4al ststements on the goirvJ ¢onc8m basis unlèss it is in8ppropriate to presume thot lh& Charitable company will continue in business. The Trustees a responsible for keeping proper acc¢)unting rerdS th8t disdose wth reasonablè a¢uJra¢y at any time the financial posthn of the charitable company and enable them to ensure that thg fin8n¢ial 8tattrm$nts comply with the Companies Act 2006. They are also Tespon3ible for safeguarding the assets of Ihe charitable company and thè group and hanca for taking reasonabl8 steps for the prèvention and detection of fraud and other iThegularities. The Trustees are responsible for the malntenanca and int8grity of the o)rporate and financial infomi8tion induded on the Charity's website. Legislatron in the United Kingdom goveming the preparation and d1MinatIon of financial statements may differ from legislalitin in olh6rjurisdlth"ons. 12-
HULME HALL EDUCATIONAL TRUST LIMITED INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF HULME HALL EDUCATIONAL TRUST LIMITED Opinion We hava audited Ihe financAal statements of Hulme Hall Educational Trust Limited (the 'charity'l for the year ended 31 August 2024 which comprise the statement of financial activities. the balance sheet and tha ftotes lo the financial stslements, induding a summary of significant accounting poliaes. The finanaal reportin9 framework that has been applied in their preparation is opplicable law and United ngdoM Accounting Stsndards. induding Financial Reports'ng Standard 102 Thè FinAnci81 Réporting St8nd&rd applic8ble th& UK and Republic of Irolantl (United 'ngdom Genwally Accepted Accounting Practi¢o1 In our opinion, the fin8nci81 slatèmènts: give a truè and fair view of the stste of the charitable companvs affairs as at 31 August 2024 and of Its inc¢ming resources and application of resources. for the year then ended,. havè bèèn properfy prepared in acojrdance with United Kingdom Generally Accepted Accounting Practice,. and h8ve been ppared In accordance with the requirements of the Companies Act 2006. 8asls for opinion We CdUct•d our audit in accordan with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our rosptsnslbillties under those standards are fijther described in the Auditorfs responsith"lrflè$ for fhe audit of th8 financial st81em&nts s8cb.on of our report. We are independent of the charity in accordance wth the ethical requirements that are relev8nt tr) our audit of the financial statements in the UK. including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance wlth these requirements. We believe that the audk evlden¢o we have obtained is suificaent and appropriate to provide a basis for our oplnlon. Concluslons relating to going con¢•m In auditing ihe financial ststements. we have conduded that the trustees. use of thè going ¢oncem basis of accounting in the preparation of the financial st8tèménts Is approprfate. Based on thè w(xk we have performed, we have not idontified any maledal uncertainties reFating lo events or conditions tha( individually or collactively, may cast significant doubt on the charity's ability to continue as a going ¢oncem for a period ol al least ¢wtrl¥è months from when the finanual statements ale aUthS$d fL¥ i58ue. Our SponSIbl11ti8S and the re3ponsibilities of the trusts vAth respect to g¢ng con¢em aro desuib8d in the relevant $$ctions ol this report. Oth•r Infomiatlon The other infomation comprtsas tho informatkjn induded in the annual Trport 0th0r than the finandal statèm&nts ond our auditorfs Teport Iherw). The trustees are responsible for the other information contained within th¥ annual rgport. Our opinion on the financial statements does not cover the other infornation and. except to Ihg 0xt•nt Othgrwse expliuuy stated in our report. Wg do not express any form of assurance condusion thereon. Our responsibility is lo read the other information and, in doing so, consider whether the oth8r infomation is materially inconsistent with the financial ststements or our k00d9e obtained in the course of the 8udit, or othemse appears to be materially misststgd. If we id8ntify such material inconsistencies or apparsnt material misstatements, Wa org r¥quired to determine whether thi$ giv8S risè to a material misstaternenl in the financAal statements thèmsolvos. If. b&8ed on the VKJrk we have performed, we rA)ndude that there is a matsrial misstatement of th18 oth8r infonnation. we are requir8d to r&port thal fact. W8 have nothing to rowt in thls regard. Opinions on oth•r matt•rs pre$¢rib•d by tho Companles Act 2006 In our opinion, based on the work un¢Jertak8n in the course of our a- the inforrnalion given in the trustees. report for the finan¢i81 year for which thtr finanal statements are pr8pared, which includ$$ thè dirèctors, report prepared for the wrposos of ¢ompany law. 18 consistent vAth the financial statements,. and the directors, report Indudfjd vAthin the trustses. repart has Ln pParad In a¢cordance wth applicable legal r9quirements. 13-
HULME HALL EDUCATIONAL TRUST LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF HULME HALL EDUCATIONAL TRUST LIMITED Matters on which we ar• required to r•port by •xe•ption In the light of tha knowledgè and und8fStanding ol the charity and its environm•nt obtsined in the coursa of tho audit. we havè not identffied material misslatements in the directors. report induded vthhin the trustees, report. We have nothing to report in respect of tho following matters in lation to whi¢h the CompanS8s A¢1 2006 requires us to report to you rf. in our opinion.. adequate accnting rttords havè not 8ft kw, or rntums AdaquBta for audrt have not bèan e¥l¥ed from branches not visitsd by us,. or the finanaal statements are not in 8greement wth the a¢¢ounting records ond rotums" or Certain dtsdosurns oftftjstaès, remuneration specAfied by law are not made.. or wè hav& not receiv8d all the infomiats'on and explanations we require for our audit., or th8 knJste8s were not entiued lo prepare tho finan¢ial statam8nts in accordance the small ¢omp8nies reglme and tske advantage of the Sfflall mpanies. exemptions In prepartng the trustees, report and from the requirtrment to prepare a strategic report. Rg¥pon¥ibilitl•s of trust••s As explained more fully in the statement of trustaès, r#sponbIl[lIés. tha trustaas, who are also the diraclors of thè d)arity for the purpose of company law, are rosponslNe for th8 pr&p8ration of thè financial statements and for boing satisfie<1 that they give a tnje and fair view. and for such inlemal control 4$ th& trustees detemine is ne¢èss8ry to enable the preparation of finanaal statements that are free from material mi$8t8tement, whether dua to fraud or erTOi. In Preparing the fln8n(ial ststements, the trustees are responsible for assessing the chaws ability to continue as a going concern, disdo$ing. as applicable. matters related to going concem and using the going ¢onc8rn basis of accounting unless th$ twst&8s etthèr intend to liquidate the charitsblo Company or to cease oper8tion$, or have no realistic alternative but to so. Audltorfs reJpon$ibilrti•* for th• audft of the financial statement• W8 havè baèn appointed as auditor under and ptsrt in a¢¢ordancè the Aets And relevant regulaions madè or having effect thereunder. A bjrthei description of our rèsponsibilities is aVailae on the Financial R&pong Council's website at: htlps..11 www.froorg.ukjauditotsre8ponsibilthes. This description fomis part of our audito$ report. 14-
HULME HALL EDUCATIONAL TRUST LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED TO THE TRUSTEES OF HULME HALL EDUCATIONAL TRUST LIMITED Extent to which the audit eonsid•r•d capabh of d8t•eting Irrngulariti•s. including fraud Irregularities. induding fraud. are instances of non-compliance wrth laws and regulations. We design procedures in line with our responsibilities, outlined aL¥)ve and on thg Finanti81 Rgpwting Counal's websita. to det&¢t rnaterial misstatements in respect of irregul8rities, induding fraud. Wg obtain and update our understanding of the enlty, Tts actiwties, its control onvironmenl, and likely future d¢velopments. including in relatson to the legal and re9ulatory framework applicable and how the entity is complying th that framework. Bastrd on this und9rstsndlng. w8 identify and as$ess th9 risks of material misstatèmgnt ol the financial statements, whether due to fraud or error, design and perform audit procedures responsive lo those risks,
nd obl8bn audit &wdence that is suffient and appropriate 10 provide a basis for our opinion. This includes
¢y)nSideOn of th& risk of acts by th8 entity that waro o)ntrary to applicable laws and r&gulations. induding fraud. In response to the risk of irregularftl8s ond non-compllance whh laws and regulations, induding fraud, designed pro&8dures whith included: Enqulry of management and those charged wmh governance around actual and potential litsgalion 8nd daims as w911 as aciuol, suspected and alleged fraud., Reviewing minutss of mèètings of those charged with govemance", Assessing the extenl of ¢omplianca wth tha laws and regulations consldgred lo have a dlrect material effect on the financial statements or Ihg operations of thè antity through anquiry and insp8Cton' Rev¢ewing financial ststement di$¢lo$ur0s and tèsting to supporting documentstn to assess complianca with opplicable laws and regulations.. Pgrfomiing audit work over the risk of managemgnt bia$ and ovorrid• of controls, induding tsstin9 of joumal entries and other adjustments for approprialene83, evaluating th8 bu8iness ration81& of $ignifi¢ant transactions ¢)utsid& thg nom)al course of busine&% and revtewing accountsng estimoles for Indicato of potential bias. B&¢aus& of thg inhgr8nt limitations of an audit, there is a risk that wg wll not all iTregularitie$. indudiThJ Ihosg leading lo a materfal misstatement in the financaal statements or non-compliance r8gulation. This risk increase5 thè more that compliance Wth a law or regulation is femoved from the events and transaction8 reflected in tha financial statements, as we wll bg1&$s likoly to become aware of instances of non-¢ompliance. The risk of not det¢cting a matérial misstatement reSUng from fu is hlgh8r than for on8 rasulting frorn error. as fraud may involve ¢ollusion. fwgery. Intentional omissions. misrepresentstions. or thè ovorride of intemal control. Us• of our report This rePt is made $019ty to the tharitable company's membor5, 8$ 8 y, in 8ceordance with Chaptor 3 of Part 16 of thé Companie5 Act 2006. Our Budit WO has been undertaken 30 that we might stste to the charit8bl& companls members those matter8 we 8re r8qLtirgd to statè to them in an auditorfs report and for no oth8r purpose. To the fvlle$t 9Xtgnt permitted by law, we do nfA aPt or assum8 responsibility to anyon• othgr than Ihe charilable company and th8 charitsble company's membw$ 8$ a b¢y. for our audit w. foT thls repotrt or for the opinion3 we have forned. Jonathan Ward IS•nlor Statutory Audltor) for and on behall of ets Audlt S•NIc•s CharteTed A¢¢ountsnts statutory Auditor Alpha House 4 Greek Street Stockport United Kingdom SK3 8AB 15-
HULME HALL EDUCATIONAL TRUST LIMITED STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024 Unrg$trictsd Unrestrictad fund$ funds 2024 2023 Nots• Income and endowm Charitable actiwlies Investments Other in¢om& 2,630.751 2,363,527 142 22.446 18.627 Total Incom• 2,649.378 2,386.115 ndttur• on: Charitable actiwties 3,023.948 2,737,142 Gain on disposal of tangible fixed asset io {1,426,230} Tot41 r•SoUr¢ •yndod 1,597.718 2.737.142 N•t incomel{•xpondituro) for th• y•arl Not movem•nt In fund$ 1,051.660 1351.0271 Fund balan at 1 September 2023 1.520.740 1,871,767 Fund balance• at 31 August 2024 2,572,400 1,520.740 The statement of financ¥al activitses indudes all gains 8ftd1088e8 ro¢c¥Jnis8d in th8 year. AJI inTh)mo and expenditure derive frc4m continuing activities. The statement of financial activities also ¢ompliè$ with th8 requirements for an income and expenditure acc4JsJnt under thè Companies Act 2006. 16-
HULME HALL EDUCATIONAL TRUST LIMITED BALANCE SHEET ASAT 31 AUGUST2024 2023 Flx•d a•vts Tangible a88ets 12 2,652,038 1.661.272 Curr•nt M•ts D8bto Cash at bank and in hand 13 124,861 799,344 117.323 80,358 924.205 197.681 Cmdltorn: amounts falllng du• wllhln on• y••r 14 {815.953) {338,2131 Net cuffenl assetsllllabllhlo$1 108.252 (140.532) Tot•1 a•••t• l•M eurr•nt Ilblllll•• 2.760.290 1,520.740 Cr•dltorn'. amount• f•lllng du• aft•r mor• th•n on• y•ar 15 {187,8W)I 2,572.400 1.520.740 Incom• fund• Unrostricted fvrKIs 2,572,400 1,520.740 2,572,400 1,520.740 16 Tho financial statsmonts were apwoved bythe TNsto0s on......................... Mr E W NlchoU¥ TN•t•• Company r•gl•tr•tlon numb•r 00773867 (Eryiland Wal••) 17-
HULME HALL EDUCATIONAL TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 A¢¢ountlng policies Charity informatlon Hulmo Hall Educallonal Trust Limited is a priv81e company limited by guarantee incorporated in England and Wal•s. The re9iStered offics s Hulme Ho11 Grammar School. Beeth Avenue, Stockport. SK3 8HB. United Kingdom. 1.1 Accounting conv•ntion The finanual statements have bean prepared In 8c¢ordance wlh the charity's governing d(Kurnenl dated 12th septernr 1963 as amended by Special R&$olution datad 21 Febmary 2008, the Companies Act 2006 and 'AUnting and Reporting by Charities.. Ststement of Recommended Practice opplicable to d)arities preparing thèir 8cco¢Jnts in accordancè with the Financial Reporting Standard applicable in the UK and Republic of Iroland IFRS 1021. las amènded for accounting periods c£Jmmèncing from 1 January 20161. Tha charity is a Public Benafrt Entity as defin&d by FRS 102. Th8 charity has taken advantsg& of the provisions in the SORP for cknarities applying FRS t02 Update Bullglin 1 not lo prepare & Stslement of Cash Flows. The finanrAal stslements are prèpared in steding. whith is the funtxional currency of the ch8rty. Mortetary amounts in these finanaal ststemenis ar& rounded to th& nearest £. Tha fin8nthal statamgnts have been prepared under th8 historical cost convention. The pn"nrApal 8ccounting policies adopted are sel out beltrw. 1.2 Golng ¢onc•m The Trustses have reviowed Ihe financial foreca$ts and projections for tho next [vmOnth pèriod and thereforg believe that Ihe school is able to meet ts obligations as Ihey fo11 due for a period of at least twefva month$ trom the datg of s¢gning thgse financial ststements. The Trn$tees hav8 tharefore adoptgd the going eoncèm basis of accounting In pr8paring the financial stataments. 1.3 Charttlblè funds Unreslri¢t&d funds are available for u$$ al the di$¢relion of thg trustees in furtherance of their charitable objècbvos. 1A Incom Income is recognised en the charity islogally entltlgd to it after any rfOrManCE conditions ha been m&L th& amounts be m8osured reliably. and il is probable that incoma will be re¢8ived. Cash d¢atiOnS are recogni8ed on rec8lpt. Other donallons ar8 recognistrd one8 the charity has b8en notifigd of the donation, unless performance eonditions require deferral of the amount. Income tax recoverable in retation to donauons received under Gift or deeils of covenant 1$ recognised at the time of the donation. Govemment grants are recognised wthen tharè 15 reasonable a8suTanco that the entity will ¢omply wth the conditions attathing to thè 9ranl and the grant will be recelvèd. Fee income is recognised in the period Ihe inci)me relates. Fee incomè is measured at the fair value of the ¢onsideratlon raved or r•¢eivable and represents amunts receivable fortuition, leaming support and olher school relatsd activities. 18-
HULME HALL EDUCATIONAL TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Accountlng pollcl•s (Continued) 1.5 Resour¢•• pond Rèsourcès èxpèndèd are included in the statement of financial activitiès on an accruals basis. Ch8ritsble expènditure ¢omprises those eosts incurred by thè d)arity in thè delivery of its a¢tt¥iti88 and sertrices for its beneficiariès. It indudes both costs that can b& allo¢ated diredjy to such actiwties and those costs of an indirect natu nettssary lo support th&m. Govemance costs include those costs associated with meeting the conslitubonal and ststulory requirements of the charity and include the audit fees and costs Ilnked to tho strategic managemént of th& ¢h8rity. AII costs ar8 8110(¥t8d botw¥&n thè axpanditurè catsgorias in the Slatam8nt of Finanaal Actiwties ISOFAI on a basis designed to refled the us? of the rgsourcs. Costs rsiating to a partitar activity are oUo¢atod dirody whilst others are apporboned on an appropriate basis 1.6 Tanglbl• flx•d ass•t8 Tangible fixed assets are inttially measured al cost and subs8quenUy measured at cost or valuation. net of dapr8ciation and any impaimienl lossas. Depreetation is recognised so as to write off the cost or valuation of assets less thelr rèsidu81 values over their useful liv¢s on the follng bases.. Freehold land and buildings Leasèhold improvements FiXtuS and fittings 2% per annum. straight ling 7%- 10%per annum, straight line 20%- 25% pèr annum. straight line On acquis6tion of tangiblè fixèd assèts the assets ars charged wlth ¥ fvll yegr of depredation. Th8 gain or loss adslng on the disposal of an asset is determined as the drfference betren sale proceeds and the caryin9 value of the asseL and is recognised in the staiement of financAal aclivitigs. 1.7 Impalmi•nt ot fixad as8•ts At èach reporting end date, the chartty reviews the canyng amwnts of ils tsngible assats to ¢Jot¥miine whether tt)ere 18 8ny indication thot those assets have suffered an impairment k)ss. If ony such indication eSts, the recL)verable arnount of thè assèt Is •stimated in Order to d8termin& th8 extent of th8 impainnent loss Irf any). 1.8 Ca$h and cash •qulval•nts Cash and cash equivalents indude cash in hand, dewslts held at call vAth banks, other short-term liquid invostsnants vAth original maturities of three mgnths or lass, bank ovardrafts. Bank overdrafts are shovm vAthin borrowiThJ8 in cajrrent liabilTtie8. 1.9 Flnanclal Instrum•nts The charity has electgd to apply the proS1onS of seCtiC 11 'Basic Financial Instrumants, and Sedion 12 'Other Finanaal In8tnJm¢ftts Issuès, of FRS 102 to all of its financial instnjments. Finanoal instnjments are recognisod in thè charitys balance sheet when the chaiity bècomes party to the ¢traCtual provtsions of the instNmenL Finanaal 8SSots and liabilitses are offset, with tho not amounts prèsented in the fin8n¢ial statements. when there is a18gally enforceable right to set off the recogniso11 amounts an¢J th 1$ an intention to setlle on a net basis or to realis8 thtr assgt and sott18 th& liability sirnultaneously. 19-
HULME HALL EDUCATIONAL TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Aecountlng pollcO•s IContlnu•dl Basi¢ fin4n¢il 4u8ts Basic financial assets. vthich include debtors and cash and bank balantes, are initially maasured at transaction price including transaction costs and are subsequenlly caftlad at amoitised cost uslng thè effective interest méthod unlèss thè arrangament eonstitutès a finanang transaction. where the transacts'on is measured al the present value of the fvture ceIpts discounted al a market rate of interest. Finan¢i81 assets assified as receivable within one year are not amortised. BlC finn¢i•l liabiliti•s Basic finanoal liabilitiès. includlng cre(Iltors and bank108ns are inrtialty recognised al transaction price unless the arrangement constitutes a financing trans8clon. where the debt instnjment is measured at the present value of the future payments discounted al a market rale of interest. Financial liabileS clas$ifieil as payab wrfhin one year are not amortised. Debt instruments ar8 subs8qu8nUy cairied at amorbsed cost, using the effectiv6 intsresl Tale method. Trade credilors are obligalions to p8y for goods or sgfM¢¢$ that have bogn acquired in the ordinary cour8e of operations from suppliers. Amounts payable 8re d3$sthed 8s curront liabilities if payment is du¥ within one year or less. If not. they are presented as non-currgnt liabilJb88. Trade creditors are cOgnISed in81 at tronsacticffl pric8 and sUbsequerY measured at amortised cost using the effective int8r6st method. Dere¢ognltlon of Ilnanelal Ilabllltl•s Finan¢i81 liabiltb.es are deCOgni8ed en the charity's contractual ¢)bligations expire or ars discharged or cancellei1. 1.10 TaxalSc*n In view of the fact the wmpany is 8 reglstered charity, no provision is mad& for ather current or dalarrnd tsXatlC. 1.11 Employee benefit¥ The cost of any unusod holiday èntldèment is recognised in the period in which th8 8mployee's services are recEived. Twmination nefits ar8 recognised immediately as an expgnsg whan Iho charity 13 demonstrably committad to lerninate the employment of an empbyee or lo prowde tsmination benefits. 1.12 Rv•M0nt b•n•fft¥ Payments to defined cDntribution rotifamènt banellt sch8mes are charged as an èxpansè a$ they fajl due. 1.13 Loa Leases are das8ified as finance le8ses whenever the tenns of the lease transfer substantlally all the risks and rewards of ownership lo the1&8sees. AJI othar leases are dassffied as operating leas&s. As8ets held under finance leases are recognised a$ a$sels at thè lower of the 888gts fair value at the date of Inc£ption and the pr$s&nt value of the minimum lease payments. The relatad liability is induded in the balance $heet as a finance leass oblig8b"on. Lease payments are treated a3 cxjnsisting of capital and intwèst elements. The intsrest is charged to ngt incomallèxpenditure} for the year so as to produce a nstant periodic rgt8 of intar8St on th8 remaining balanca of th• liability. Rentals payablè under operating laasas. induding any leasè incentives recaived, arè ¢harg8d as an axpanse on a straight line basis over the tern of r8l&vant18ase. -20-
HULME HALL EDUCATIONAL TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 Accountlng pollcl•8 Icontlnuedl 1.14 Valuo Add•d Tax Value added tsx is not racoverablo by the charfty and as suth Is Indud8d In the relevant costs In the statemtrnt of fin¥nual aCtiVOS. From 1 January 2025 Ind&pendt school fvgs 11 bg $ubl8Ct to VAT and the charfty will be reqUId to reglster fof VAT. ¢rf1 a¢¢ountlng •stlmAt•s and ludgomonts In the application of thè charitys 8¢counttng polldes. the trvstg0S 8re roqulred to make judgemants. éstimatés and assumpltons abCt the carying amount of 88$0ts and liabililios that 8ro not readily apparent from othèr sources. The astlmates and assooated assumpts'ons are based on hislori¢al experienc8 atwj olher factors that a nSIde to be relevant. Actual resutts may drfTer from th&se estirnat&s. The estimates and und8r1n9 Assumptions are rewewed on an ongoing basis. R8vi$ions lo accounting estimates are recognised in the period In which the esrnate is rewsed where the revision affects only that pariod, or in lh8 riod of the revision and fuknrs pwiods wh&r& tha rovlslon affth both current and future paricds. There are no ¢rili¢al accountlng astimatos orjudgements. Inv•skn•nts Total Unr•stricted fund• 2024 2023 Irrterest rNabl• 142 Charftabl• •¢tlvltl•s Charltabl• Charltabl• Incom• In¢om• 2024 2023 S¢hod Meals Tuition Rent and room hlre 92.924 2,526,641 11,186 83.165 2.272.227 8.135 2.630,751 2.363,527 21
HULME HALL EDUCATIONAL TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Othw income Unr•4trlet•d Unr•strf¢tsd funds fund$ 2024 2023 Other income Ass888menl fees and 0th9r rocover8bl6 expenses 7.885 10,742 7,915 14.531 18.627 22.446 Charltabl• actlvltl•$ Charltable Charltsblo Exp•ndlture Exp•nditure 2024 2023 staff costs Depreciation and impaim)8nt Premisos $ts Suppli&s, gquipment and toc4s Establishment costs Sundry costs Fln8ncial costs 1.888.863 1,721.055 167,318 113.719 190.441 129,531 436.591 406,593 122,253 140.816 69.195 81.803 113.824} 29.784 2,840.837 2.603.301 Shar8 of govemance costs18ge note 71 183.111 133,841 3.023,948 2.737,142 Governan costs 2024 2023 Audit fees Lfjgol and prOfen81 11.000 172.111 10.975 122.866 183.111 133,841 An81y8ed behvèen Chatrltablè aCtitio 183,111 133,841 22-
HULME HALL EDUCATIONAL TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 None of th8 injstoos lor any p8rsons conn8dgd witti thom) received any ramuration or bgneffts from the charity during the r. Employee• Th& averagg monthly numbw of omployees during the year was: 2024 Numb•r 2023 Numb•r Teaching staff Administrab"v¥ st¥ff Maintenance staff 49 Total 60 Employm•nt costs 2024 2023 Wages and salaries Social security c oth8r pansion costs 1.573,334 139,756 155.773 1,452.277 125,399 143.379 1.868.883 1,721,055 The number of amployaes 5th050 annual rmun&rati was mor8 than £60,ofy) Is os follows: 2024 Numb•r 2023 Numb•r £70.000- £79,999 £90.000- £99.999 Total kay managèmènt ramun8r8Uon Indud¥$: Grw Pay, Emptoyer Penslon and Employer Natbnal Insurance Conlrlbulions. The total key rnanagement remuneration for the year was £207,063.46 (2023.. £195,563.42). Thls Is made up of gr pay. ¢mploy¢r nattonal Insuran¢& and employfjis pènsion ¢ontribubon8.
HULME HALL EDUCATIONAL TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 10 Oth•r Unr•strlctod funds Unrn8tsld•d nd 2024 2023 Net gain disposal of tangiblo fixed assets 1.426.230 1.426.230 Forth• ar •nd•d 31 AUgt 2023 11 Taxatlon Th8 charity is exempt from tax on incomg and gains falling within seclion 505 of the Taxe8 Act 1988 or section 252 of th8 T8x8tion of Chargeable Gains Act 1992 to tha gxtfjnl that these are appliod lo ils charitsblg objects. 12 Tanglbl• fixed ass•ts Frwhold land L••¥h•ld Flxturn• and and bulln Impruv•m•n ffttings Total At 1 September 2023 Additions Dispos5 Transfar of as8et type upon purthase of school sito 1.213,412 1.152,295 {98.412) 370,227 370.227 505.989 51.106 2.089.628 1.203.401 198.412) 1370,2271 Al 31 August 2024 2.637.522 557.095 3.194.617 Depreclatlon and impairni•nt At 1 Soptember 2023 09prgo¥tion L*arged in the yogr Eliminated In SpeCt of disposals Transfer of assst type upon purch889 of $¢hool sile 53,094 45,346 153.0941 148,294 123,600 24.694 251,861 97,278 428.355 167,318 153,094) 1148.2941 At 31 August 2024 193.640 348.939 542.579 Carrylng amount At 31 Au9USt 2024 2,443,882 208.156 2.852.038 At 31 August 2023 1,160,318 246,627 254.328 1,661.272 On 1 May 2024, the ¢harfty sold Ihe Buttersfield land for £1.5 milllon 8nd the proceods from thi$ wore used to purchas8 th¥ remaining 50% of the s¢hool building, at a cost of £1.115 nMIIicffl. As the Charity n¢)w owns tho slte tn fvll. le8sehold impmvements have been transferred to froehold land 8ni1 buildings. -24-
HULME HALL EDUCATIONAL TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 13 Dèbtorn 2024 2023 Amounts falllng du• wlthln on• y••r: Trnde debtor8 PrePaYYnS And a¢c¥ued incom• 54,575 70.286 42,924 74.399 124.861 117,323 14 Cr•dltor¥: amounts falllng du• wlthin one year 2024 2023 Othfjr18xation and sodal socurfty Trade wditor8 Other creditors Accruals and d8f8rrsd income 31.893 99.035 10.666 674,359 31.$61 29.148 14,427 263.057 815.953 338.213 15 Crndltorn: •fflounts falllng du• •fter morn than on• y•ar 2024 2023 Acc•Jals and deferrgd Income 187.890 18 An•lysl$ of n•1 •Hets betw••Tr fund Unr•strlct•d Unwtrictsd funds funds 2024 2023 Fund balances al 31 Augu* 2024 aro reproBented by: T8ngible assets Current a888ts1(liabiliti88) Long temi Ilabillles 2,652,038 108.252 1187,890) 1.861.272 (140,532) 2,572.400 1,520.740 l fvnds aro unrestricted. -25-
HULME HALL EDUCATIONAL TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 17 Op•rntlng •$? commllmènts At the reporung and date tho ch8rity had outstandlng tsJmmibn8nts for fvture mlnlmum leas8 P8yments under nonwcancellablo operating leases, which fall due as follows.. 2024 2023 Within one ye¥r Befven tsvo and five yoars 17,155 50,03S 92.155 62.902 67.190 155.057 Le•8or At th• rewknng end date the tharity had contracted tenants for the following rninirnum lease payThents'. 2024 2023 Wrthin one yoar 9,000 18 C•pltsl ¢ommllm•nts 2024 2023 At 31 August 2024 the charity had capital comYMlm¢nts as frAIows: Contracted for but not provided In the flnancial slatements: Acquisilion of propaty, plant and equlpment 1.115.CQO In the prior yo8r tha tharity was Committ to tho wrch88e of tha $thl 8ite at Beech Avanue, Stockwt, SK3 8HB. 19 Ev•nts fter the r•porting dat• From 1 January 2025 private s¢lKty)I fees WUI be cknBrygd wllh standered rat8d valu8 added tax and Ihe charity 11 requlred to registerfor VAT. 20 R•lat•d party tran•acUon Thoro were no dlsclosable relat8d party transactions duving th8 yaar12023- n(mel.
HULME HALL EDUCATIONAL TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 21 P•n•ion 8¢h•m•• In FabNary 2021 the school commoncld a d6fin8d contrfbulMM schamè wlth Avlv8 Ith• "APTIS" schem8) which becamo the 8018 scheme for leaching staff and Senlor L8ad•rshlp from 1 Fgbruary 2021. Tho Assets of tho scherna are hdp sep8ral8ly from those of th• Sthool In an independgnuy adnvnist8red fund. The for the year rnpresents th• sthool's contrfbulions to thls 8chom• of £144,01512023.' £132.6941 The school also admlni8tsrs an auto enrolm8nt sthem•, The Peoples Pen8lon, ft*r Its non•leo¢hlng staff. Thè a88ets of the scheme are help separately from Ihose of the School In an independenly admlni$leTed fvn¢J. The cost lor th• year repreaents the School's contAbuUon8 10 the ¥uto ènrolment scheme of £8.92612023.' £8,082). -27-