2022-08-31-accounts - Ayscoughfee Hall School Limited

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Trustees		A E Cole		(Appointed	27June 2022)
		E0Sneath		(Appointed	9May 2022)
		J White		(Appointed	1September 2021)
		SNeal
		Rev A Workman
		JJeffries
		A CAdams
		T LWright
		Ms E Gibson
		Mrs TA Baxter
		P Lawson		(Resigned	31/08/2022)
		D Whatford		(Resigned	20/02/2023)
		H Baker		(Resigned	31/08/2022)
Chairman		S Neal
Charity number		527294
Company	number	00612443
Registered	oNce	Welland Hall
		London Road
		Spalding
		Lines
		PE112TE
Auditor		TCGroup
		1-4London	Road
		Spalding
		Lincolnshire
		PE112TA

			Page
Trustees' report			1-10
Independent	auditor's	report	11-13
Statement of	financial	activities	14
Balance sheet			15-16
Notes to the financial		statements	17-28

AYSCOVGHFEE HALL SCHOOL UMITED INDEPENDENT AUDtroR'S REPORT ICONnNUED) TO THE TRUSTEES OF AYSCOUGHFEE HALL SCHOOL UMITED Our approach was as follow5.. • We identified areas of laws and regulations that could reasonably be exrrted to have a materbal effect on the financial statements from our genernl commercial and sertor experience. and through discussion with the director5 and other management las required by auditing standards), and discussed wilh the directo and other management the policies and procedures regarding compliance with laws and regulations- We considered the le8al and regulatory frameworks dirertty applicable to the financial statements reporting framework IFRS 102 and the Companies Act 2C)61 and the relevant tsx compliance regulations in the UK" • We considered the natu of the industry. the control environment and business performaw. including the key drivers for management's MUnera"0n: • We communicated idenlified laws and regularAS throUght ourteèm and remained alert to any indications of non-compliance throughout the audit- . We considered the procedures and controls th the company ha5 established to addre55 rsk5 identified, or that otherwise prevent. deter and deiert fraud: and how senior management monitors those programmes and controls. Based on this understanding we designed our audit procedures to thntify noTr¢ompliance with such Iws and regulations. Where the risk was considered to be hvdher, we performed audit procedures to address e&h identified fraud risk. These procedures included= testing manual joumals; reviewing the financial statement disclosures and testin8 to supporting documentation- performing ana1(al procedures; and enquirin8 of management, and were designed to provide reasonable assurance that the finanoal statements were free frorn fraud or error. Owing to the inherent limitations of an audit. there is an unavoidable risk that we may not have detected some material misstatements in the financial ststements, even though we have property planned and performed our audit in accordance with auditing standards. For exèmple, the further removed non-compliance with laws and regulations lirregularitr.esl is from the events and transactions reflected in the financial statemerts. the less likety the inherently limited procedures required by auditing standards would identify it. The risk is also greater regarding irregularities occurring due to fraud rdther than error. as frdud In¥1ve5 intentional concealment. forgery, collusion, omission or misrepresentation. We are not responsible for pre¥enlin8 non-compliance and cannot be expetted to detect non-compliance with all laws and regulations. A further description of our respon5ibilrtses is wailable on the Financial RepoTrtin8 Council's website at: https'.//www.frc.or8.uklOur-WorklAudit/Audit-and-assurancelStandards-arnl-guidancelStandards-and-8uidanc forauditorslAuditors-This description lom)s part of our auditor's report A further description of our responsibilities is available on the Financial Rewrting Counul's website at: https:/l www.frc.org.uVauditorsresponsibilities. This description fom part of our auditoes report. Peter Wrfght Isenlor St•tutory Audltor) for and on behalf of TC Group Chartered Accountants 5tutory Auditor 14 London Ro Spalding Lincolnshire PEII 2TA TC Group is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under of section 1212 of the Companies Att 2LM)6. 13-

					Unrestricted	Unrestricted
					funds	funds
					2022	2021
				Notes	f	f
Income and endowments			from:
Donations and	legacies				250	2,765
Charitable activities					978,232	868,061
Investments					529	157
Other income					324	864
Total income					979,335	871,847
Ex enditure on:
Charitable activities					984,197	895,317
Net expenditure		for the	year/
Net movement	in funds				(4,862)	(23,470)
Fund balances at		1September 2021			1,608,874	1,632,344
Fund balances	at	31August 2022			1,604,012	1,608,874

			2022		2021
		Notes	E		E
Fixed assets
Tangible assets				1,449,195		1,503,008
Current assets
Debtors		12	19,770		15,522
Cash at bank and in	hand		738,141		704,520
			757,911		720,042
Creditors: amounts	falling due within
one year		14	(142,062)		(137,696)
Net current assets				615,849		582,346
Total assets less current liabilities				2,065,044		2,085,354
Creditors: amounts	falling due after
more than one year		15		(461,032)		(476,480)
Net assets				1,604,012		1,608,874
Income funds
Unrestricted funds				1,604,012		1,608,874
				1,604,012		1,608,874

Land and buildings	Buildings	- Straight	- Straight	line over 50years
Fixtures and fittings	200/0 per	annum	on	cost
Computers	20/0 per	annum	on	cost
Freehold extension	Straight	line over 50years
Land	No depreciation
Infant block refurbishment	200/0 per	annum	on	cost

Unrestricted	Unrestricted
funds	funds
2022	2021
E	f
250	2,765

	Sales	Accident	Milk	Sport	Shop sales	Total	Total
		insurance				2022	2021
	2022	2022	2022	2022	2022
School
fees	875,626	(1,389)	1,246	7,335	1,012	883,830	818,961
Registrati
on fees	4,800					4,800	2,600
School
discounts	(3,072)					(3,072)	(15,962)
Nursery
grant
income	60,503					60,503	47,736
Kids club
income	19,358					19,358	11,286
School
fund
income							2,512
Income from
school
lunches	12,813					12,813	928
	970,028	(1,389)	1,246	7,335	1,012	978,232	868,061

Charitable						(Continued)
activities
Forthe year ended 31August	2021
	Sales	Accident	Milk	Sport	Shop sales	Total
		insurance				2021
School fees	816,989	(1,380)	1,200	462	1,690	818,961
Registration fees	2,600					2,600
School discounts	(15,962)					(15,962)
Nursery grant income	47,736					47,736
Kids club income	11,286					11,286
School fund income	2,512					2,512
Income from school
lunches	928					928
	866,089	(1,380)	1,200	462	1,690	868,061
Analysis by fund
Unrestricted funds	866,089	(1,380)	1,200	462	1,690	868,061

			Unrestricted	Unrestricted
			funds	funds
			2022	2021
			E	E
Bank	interest	received	529	157

		Unrestricted	Unrestricted
		funds	funds
		2022	2021
		f	f
Other income		324	314
Property	rental income		550
		324	864

		Charitable	Milk	Sport	Shop stock	Total	Total
		Expenditure				2022	2021
		2022	2022	2022	2022
		f	f	f	f
Staff costs		656,714				656,714	630,256
Depreciation and
impairment		60,477				60,477	59,145
ISA/ISI costs		3,280	1,461	5,979	1,144	11,864	5,267
School fund expenditure							495
Kids club expenditure							11
HMRC furlough	scheme						{16,102)
Class materials		7,598				7,598	4,841
School books and
magazines		16,506				16,506	8,610
Computer costs		9,351				9,351	6,351
Prizes and donations		953				953	896
Staff training costs		5,134				5,134	997
Insurance		13,319				13,319	12,492
Hot lunch expenditure		13,828				13,828
Kids club salaries		10,524				10,524	5,611
		797,684	1,461	5,979	1,144	806,268	718,870
Share ofsupport	costs {see
note 8)		177,929				177,929	176,447
		975,613	1,461	5,979	1,144	984,197	895,317

For the year ended 31August 2021
	Charitable	Milk	Sport	Shop stock	Total
	Expenditure				2021
	f				f
Staff costs	630,256				630,256
Depreciation and impairment	59,145				59,145
ISA/ISI costs	2,899	1,178	486	704	5,267
School fund expenditure	495				495
Kids club expenditure	11				11
HMRC furlough scheme	(16,102)				(16,102)
Class materials	4,841				4,841
School books and magazines	8,610				8,610
Computer costs	6,351				6,351
Prizes and donations	896				896
Staff training costs	997				997
Insurance	12,492				12,492
Kids club salaries	5,611				5,611
	716,502	1,178	486	704	718,870
Share ofsupport costs (see note 8)	176,447				176,447
	892,949	1,178	486	704	895,317
Analysis by fund
Unrestricted funds	892,949	1,178	486	704	895,317

Support costs
			Support	Governance	20225upport		costs	Governance	2021
			costs	costs				costs
			f	f
Miscellaneous	expenses		4,721		4,721		3,088		3,088
Admin staff cost			93,146		93,146		86,103		86,103
Rates			9,698		9,698		10,843		10,843
ONce costs			16,729		16,729		13,391		13,391
Licences and
subscriptions			1,811		1,811		3,081		3,081
Printing, stationery		and
advertising			9,984		9,984		9,633		9,633
Payroll charge			1,996		1,996		1,484		1,484
Repairs and renewals			(1,481)		(1,481)		9,383		9,383
School cleaning			6,369		6,369		7,221		7,221
Bank charges			524		524		259		259
Loan interest	paid		16,328		16,328		16,823		16,823
Bad debts			(3,904)		(3,904)		(1,658)		(1,658)
Audit fees				3,000	3,000			2,197	2,197
Accountancy				1,500	1,500			1,500	1,500
Legal and professional				17,508	17,508			13,099	13,099
			155,921	22,008	177,929	159,651		16,796	176,447
Analysed between
Charitable activities			155,921	22,008	177,929	159,651		16,796	176,447

Employees		(Continued)
Employment costs	2022	2021
	f	f
Wages and salaries	410,091	384,362
Social security costs	153,354	148,731
Other pension costs	93,269	97,163
	656,714	630,256

Tangible axe	d assets
			Land and	Fiatures and	Computers	Freehold	Land	infant block	Total
			buildings	ettings		extension		refurbishment
			E	E				E	E
Cost
At 1September 2021			341,341	297,721	39,792	888,353	3,211	715,648	2,286,066
Additions				5,957	704				6,661
At 31August	2022		341,341	303,678	40,496	888,353	3,211	715,648	2,292,727
Depreciation	and impairment
At 1September 2021			121,851	300,432		319,006		41,766	783,055
Depreciation	charged	in the year	4,897	23,502		17,765		14,313	60,477
At 31August	2022		126,748	323,934		336,771		56,079	843,532
Carrying amount
At 31August	2022		214,593	(20,256)	40,496	551,582	3,211	659,569	1,449,195
At 31August	2021		219,489	(2,710)	39,792	569,344	3,211	673,882	1,503,008

Debtors
		2022	2021
Amounts falling due within one year:		f	f
Trade debtors		10,197	8,143
Other debtors		7,697	6,110
Prepayments	and accrued income	1,876	1,269
		19,770	15,522
Loans and overdrafts
		2022	2021
		f	f
Bank loans		476,480	491,417
Payable within	one year	15,448	14,937
Payable after	one year	461,032	476,480

Creditors: amounts	falling due within one year
			2022	2021
		Notes	f	f
Bank loans			15,448	14,937
Trade creditors			14,459	26,278
Other creditors			112,155	96,481
			142,062	137,696
Creditors: amounts	falling due after more than one year
			2022	2021
		Notes	f	f
Bank loans			461,032	476,480