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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<br>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|





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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 exr*rted 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 regular￿AS throUgh￿t 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 ana￿1(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
5t*utory 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<br>and|legacies||||250|2,765|
|Charitable<br>activities|||||978,232|868,061|
|Investments|||||529|157|
|Other income|||||324|864|
|Total income|||||979,335|871,847|
|Ex enditure on:|||||||
|Charitable<br>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<br>funds||||1,604,012||1,608,874|
|||||1,604,012||1,608,874|





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## 

|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|



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|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|





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|4|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<br>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<br>by fund|||||||
||Unrestricted<br>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|





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|||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<br>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<br>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|





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|For the year ended 31August 2021||||||
|---|---|---|---|---|---|
||Charitable|Milk|Sport|Shop stock|Total|
||Expenditure||||2021|
||f||||f|
|Staff costs|630,256||||630,256|
|Depreciation<br>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<br>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<br>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<br>by fund||||||
|Unrestricted<br>funds|892,949|1,178|486|704|895,317|





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## 

|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,<br>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<br>between||||||||||
|Charitable<br>activities|||155,921|22,008|177,929|159,651||16,796|176,447|



## 




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## 

|10|Employees||(Continued)|
|---|---|---|---|
||Employment<br>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|





## 

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## 

|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<br>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|



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