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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|
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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|
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||||||||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|
##
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##
|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|
##
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|||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|
##
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##
|8|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|
##
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|10|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|
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