2023-08-31-accounts - Ayscoughfee Hall School Limited

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Trustees		A E Cole
		E0Sneath
		J White
		S Neal
		JJeffries
		A C Adams
		T LWright
		Ms E Gibson
		Mrs TA Baxter
		BFairbrother		(Appointed	2 October 2023)
		P Lawson		(Resigned	31August 2022)
		D Whatford		(Resigned	20 February 2023)
		H Baker		(Resigned	31August 2022)
Chairman		S Neal
Charity number		527294
Company	number	00612443
Registered	oNce	Welland Hall
		London Road
		Spalding
		Lines
		PE112TE
Auditor		TC Group
		1-4London	Road
		Spalding
		Lincolnshire
		PE112TA

		Page
Trustees' report		1-10
Statement ofTrustees'	responsibilities
Independent auditor's	report	12-14
Statement offinancial	activities	15
Balance sheet		16-17
Notes to the financial	statements	18-29

AYSCOUGHFEE HALL SCHOOL LIMITED INDEPENDENT AUDITOR'S REPORT ICONTINUEDI TO THE TRUSTEES OF AYSCOUGHFEE HALL SCHOOL LIMITED Our approach was as follows= We identified areas of laws regulations that tould reasonably be expected to have a material effert on the financial statement5 from our general commercial and sector experience, and through di5CUSSlOlI Wlth the directors and other management las required by auditing standards), and discussed with the directors and other management the policies and procedures regarding compliance with laws and regulations: We considered the legal and regulatory frameworks directly applicable to the financial statements reporting framework IFRS 102 and ihe Companies Act 20061 and the relevant tax compliance regulations in the U We considered the nature of the industry, the control environment and bu5ines5 performance, including the key drivers for management's remuneration. We communicated identified laws and regulations throughout our team and remained alert to any indicatr'ons of non-compliance throughout the audit,. We considered the procedures and controls that the company has established to address r6ks identilied, or that otherwise prevent, deter and detect fraud. and how senior management monitors those programmes and controls. Based on this understanding we designed our audit procedure5 to identify non-compliance with such law5 and regulations. Where the risk was considered to be higher, we performed audit procedures to address eLh idents'fied fraud risk. These procedures included.. tests'ng manual journals,. reviewing the financial statement disclosures and testing to supporting documentation,. performing analytical procedures- and enquiring of management, and were designed to provide reasonable assurance that the tinancial statements were free from fraud or error. Owing to the inherent limitations of an audit, there 15 an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example. the further removed non-compliance with laws and regulations lirregularitiesl is from the events and transactions reflected in the linancial statements. the less likely the inherently limited procedures required by auditing standards would identify it. The rlsk is also greater regarding irregularitie5 occurring due to fraud rather than error, as fraud involves intentr.onal concealment, ft)rgery, collusion, omission or rnisrepresentation. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations. A furthei description of our responsibilities is available on the Financial Reporting Council's website at.. hrtps'.//www.frc.org.uklOur-WorklAuditlAudit-and-assurance/Standards-and-guidancelStandards-and-guidance- forauditorslAuditors-This description forms part of oui auditor's report A further description of our responsibilitr'es is available on the Financial Reporting Council's website at.. https'./l www.frc.org.uv3uditorsresponsibilities. This description forms part of our auditor's report. Peter Wrl8ht (Senlor Statutory Audltorl lor and on behalf of TC Group 16 May 2024 Chartered Accountants statutory Auditor 1-4 London Road Spalding Lincolnshire PEII 2TA TC Group is eligible for appointment a5 auditor of the charity by virtue of its eligibility for appointment as auditor of a company under of section 1212 of the Companies Act 2006. 14-

						Unrestricted	Unrestricted
						funds	funds
						2023	2022
					Notes	f	f
Income and endowments			from:
Donations and	legacies					6,668	250
Charitable activities						967,181	978,232
Investments						3,331	529
Other income						340	324
Total income						977,520	979,335
Ex enditure on:
Charitable activities					7	1,071,829	984,197
Net expenditure		for the	year/
Net movement	in funds					(94,309)	(4,862)
Fund balances at		1September		2022		1,604,012	1,608,874
Fund balances	at	31August 2023				1,509,703	1,604,012

				2023		2022
			Notes
Fixed assets
Tangible assets					1,430,116		1,449,195
Current assets
Debtors			12	23,303		19,770
Cash at bank and	in	hand		641,397		738,141
				664,700		757,911
Creditors: amounts		falling due within
one year			14	(140,058)		(142,062)
Net current assets					524,642		615,849
Total assets less current liabilities					1,954,758		2,065,044
Creditors: amounts		falling due after
more than one year			15		(445,055)		(461,032)
Net assets					1,509,703		1,604,012
Income funds
Unrestricted funds					1,509,703		1,604,012
					1,509,703		1,604,012

							Unrestricted	Unrestricted
							funds	funds
							2023	2022
							f	f
Donations	and gifts						6,668	250
Charitable
activities
		Sales	Accident	Milk	Sport	Shop sales	Total	Total
			insurance				2023	2022
		2023	2023	2023	2023	2023
School
fees		879,968	(1,342)	1,309	7,479	302	887,716	883,830
Registrati
on fees		5,050					5,050	4,800
School
discounts		(2,680)					(2,680)	(3,072)
Nursery
grant
income		53,582					53,582	60,503
Kids club
income		21,993			695		22,688	19,358
Income from
school
lunches		825					825	12,813
		958,738	(1,342)	1,309	8,174	302	967,181	978,232

Forthe year ended 31August	Forthe year ended 31August	2022
		Sales	Accident	Milk	Sport	Shop sales	Total
			insurance				2022
School fees		875,626	(1,389)	1,246	7,335	1,012	883,830
Registration fees		4,800					4,800
School discounts		(3,072)					(3,072)
Nursery grant	income	60,503					60,503
Kids club income		19,358					19,358
Income from	school
lunches		12,813					12,813
		970,028	(1,389)	1,246	7,335	1,012	978,232
Analysis by fund
Unrestricted	funds	970,028	(1,389)	1,246	7,335	1,012	978,232
Investments
						Unrestricted	Unrestricted
						funds	funds
						2023	2022
						f	f
Bank interest	received					3,331	529
Other income
						Unrestricted	Unrestricted
						funds	funds
						2023	2022
						f	f
Other income						340	324

			Charitable	Milk	Sport	Shop stock	Total	Total
			Expenditure				2023	2022
			2023	2023	2023	2023
				f	f	f
Staff costs			719,596				719,596	656,714
Depreciation		and
impairment			58,962				58,962	60,477
ISA/IS I costs			3,428	1,707	6,770	222	12,127	11,864
Class materials			6,238				6,238	7,598
School books		and
magazines			20,991				20,991	16,506
Computer	costs		6,979				6,979	9,351
Prizes and	donations		3,563				3,563	953
Staff training		costs	6,227				6,227	5,134
Insurance			14,261				14,261	13,319
Hot lunch	expenditure		2,002				2,002	13,828
Kids club salaries			11,272				11,272	10,524
			853,519	1,707	6,770	222	862,218	806,268
Share ofsupport costs (see
note 8)			209,611				209,611	177,929
			1,063,130	1,707	6,770	222	1,071,829	984,197

		Charitable	Milk	Sport	Shop stock	Total
		Expenditure				2022
		f				f
Staff costs		656,714				656,714
Depreciation and impairment		60,477				60,477
ISA/IS I costs		3,280	1,461	5,979	1,144	11,864
Class materials		7,598				7,598
School books and magazines		16,506				16,506
Computer costs		9,351				9,351
Prizes and donations		953				953
Staff training costs		5,134				5,134
Insurance		13,319				13,319
Charitable expenditure	heading 11	13,828				13,828
Kids club salaries		10,524				10,524
		797,684	1,461	5,979	1,144	806,268
Share ofsupport costs	(see note 8)	177,929				177,929
		975,613	1,461	5,979	1,144	984,197
Analysis by fund
Unrestricted funds		975,613	1,461	5,979	1,144	984,197

Support costs
			Support	Governance	20235upport		costs	Governance	2022
			costs	costs				costs
Miscellaneous	expenses		2,798		2,798		4,721		4,721
Admin staff cost			99,039		99,039	93,146			93,146
Rates			9,643		9,643		9,698		9,698
Office costs			25,911		25,911		16,729		16,729
Licences and
subscriptions			3,114		3,114		1,811		1,811
Printing, stationery		and
advertising			9,537		9,537		9,984		9,984
Payroll charge			1,728		1,728		1,996		1,996
Repairs and renewals			23,503		23,503		(1,481)		(1,481)
School cleaning			4,663		4,663		6,369		6,369
Bank charges			782		782		524		524
Loan interest	paid		15,817		15,817		15,817		15,817
Bad debts			(1,593)		(1,593)		(1,593)		(1,593)
Audit fees				3,000	3,000			3,000	3,000
Accountancy				1,632	1,632			1,500	1,500
Legal and professional				10,037	10,037			17,508	17,508
			194,942	14,669	209,611	157,721		22,008	179,729
Analysed between
Charitable activities			194,942	14,669	209,611	157,221		22,008	179,729

Employees		(Continued)
Employment costs	2023	2022
	f	f
Wages and salaries	450,550	410,091
Socia I security costs	168,989	153,354
Other pension costs	100,057	93,269
Admin staff costs	99,039	93,146
	818,635	749,860

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Debtors
		2023	2022
Amounts falling due within one year:		f	f
Trade debtors		15,147	10,197
Other debtors		3,220	7,697
Prepayments	and accrued income	4,936	1,876
		23,303	19,770
Loans and overdrafts
		2023	2022
		f	f
Bank loans		461,032	476,480
Payable within	one year	15,977	15,448
Payable after	one year	445,055	461,032

Creditors: amounts	falling due within one year
			2023	2022
		Notes	f	f
Bank loans			15,977	15,448
Trade creditors			19,439	14,459
Other creditors			104,642	112,155
			140,058	142,062
Creditors: amounts	falling due after more than one year
			2023	2022
		Notes	f	f
Bank loans			445,055	461,032