Charlty 5$1110n number $27294 Cabry)any reglstratlon number 00612443 (England al Wales} AYSCOUGHFEE HALL SCHOOL LIMITED ANNUAL REPORT ANO FINANOAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 •AE20PVTI• 1f40512025 COMPANIES HC A19
AYSCOIJGHFEE HALL SCHOOL UMITED LEGAI AND ADMINISTRATNE INfORMAmOM Trustees AECole E 0 5neath J White S Neal J Jeffries T L Wright Ms E Gibson Mrs T A Baxter 8 Fairbrother B Gromett (Appointed 2 Ortober 20231 (Appoinied 24 June 20241 (Appointed 24 June 20241 Chalrman S Neal Chaiity number 527294 Company number 612443 Re8i5tered 4Jrfi¢e Welland Hall London Spalding Linc5 PEII 2TE Auditor TC Group 14 London Road Spalding Lincolnshire PEII 2TA
AYSCOUGHFEE HALL SCHOOL UMITED copirENTS Trustees. report i-ii Statement of Trustees, responsibilities 12 Independent avditor's report 13-16 stsiement of financial activiijes 17 Balance Sheet 18-19 Notes to the financial ststements 20-32
AYSCOUGHFEE HALLSCHOOL UMITEO TRUSTEE5' REPORT (INCLUDING DIREcfoRS' REPORn FOR THE YEAR ENDED31 AUGUST2024 The Trustees. who are also the director5 of AystouBhfee Hall School mIted. ha pleasure in subYritknn8 their annual report. together with the audited financial statements of the Charity for the ar ended 31 August 2024. DiiectorlTrtQe Responsibllitses Company law requires us as directOf5 to prepare financial ststements for each financial year whith give a true and fair view of the state of affairs of the company and of the profit or loss for that year. In preparing these financial ststements we are required to.. . Select suitable accountin8 policie5 and then apply them con5iStentty; Make judgements and estimates that are reasonable and prudent,. Prepare the financial ststements on the going concern basis. unless it is inappropriate to presume that the company will continue in business. We are responsible for keepin8 proper accounting retords which disclose, with reasonable accuracy at any time. the fin3ncial position of the company and to enab us to ensure that the linancial statements comply with the Companits Act 2[ and the recommendation5 in Accounth"ng and Reporting by Charities.. Stateffent of Recommended Pra¢ti¢e. We are also sPOnsible for safeguarding the assets of the company and he for takin8 reasonable steps for the prevention and deteth.on of fraud and other irreiularities. In 50 far as the Trustees are aw7re= There is no relevant audit inforrnation of which the compan5 auditor is unaware,. and The Trustees have taken all 5tep5 that they oveht to have taken to make themselve5 aware of any relev3nt audit inlormation and to establish that the auditor is awa of that information.
AY5CQUGHFEE HALL SCHOOL LIMITED TRUSTEES. REPORT (INCLUDING DIREcfoRS' REPORn IcoiinNUEDI FOR THE YEAR ENDED 31 AUGusf2024 Oblectives and activities Objeciive5 The objectives of the charity as deiailed in the Memorandum of Association are to develop. extend and carry on the school to provide a liberal and sound tducati¢)n for all pupils. The aim5 and values of the school are- . To ensure each child has the best possible education by gNing them personal attention, a happy atmosphere and dedicated staff. The children are Èxperted to work hard. to respert others and to Cctoperatè in the smooth running of the school. Children are encouraged to Y5e their own initiative and take on responsibility as they wrrf)ve through thè school. We pride our5el¥e5 on producinB well-motivated. confident and happy children. To educate our children through a broad and b31anced curriculum, with a wide range of extr&currlcular activities. so that each child can achieve their full poiential. When chIldn feel happy and supported they can zrow in self-esteem and conlidente and then the sky is the limitl This is achieved via teachin8 methods that inspire an enthusiasm and love of learnin& whh¢h bn tum will enable a confident move to the nert sage of educatbon. Throughout the school there is a twofold purp05e'. to enable the children to learn as much as possible according to their individual abilities. and to be happy in an enwronment of learning. In considering their objectives and planning their activrties. the Trustees gNe careful consideratfjon to the Charity Commission's general 8uidan¢e on public benefft.
AYSCOUGHFEE HALL SCHOOL UMITED TRUSTEES. REPORT {INCWOING DIREcfoRS' REPORT) {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST2024 Adknt6es The school meets its tharitable aims through the provision and advancement of educall.on and sport. Fees are maintsined at a level well below the independent sertor average on the principle that the maximum numbèrs of parents can benefit from an independent educafft.on for their thildren. The major sourtt of income is from school fees and all surplus fund5 are re-in¥e5ted in facilitie5 and resources to benefit the education of our pupil5 or held in reserve for the further development and upkeep of the school. Class sizes are small, helpin8 to foster the school's family values and atmosphe and the carin& individual approach which encourages a positive athtude to learnin8. Hi8hly experienced teachers are supported by well- trained support staff to ensure that all children receive the in(Sividual attention they require. The last full inspection (Ortober 20241 judged the xhool to be meetin8 all standards in all five areas of the inspection criteria. Pupil attainment was judged to be well above average for their age,. throughout the school it was found that 'Teacher5' high expertations are combined with lessons that are characterised by en838ing content. This encourages pupils to be engaged in their learnin& self-motivated and enjoy 3 challenge.. Specialist teaching provision is a key objertive for the school and indudes specialist ICT teaching. languages, music. sports coaching and foresr school. The l)# full inspedion report highlighted that'Pupils are enthusiastlc lèarners. making good and often rapid progre55.' The school offers a wide range of extfa-curritular acisvities organised in lunchtime and after school clubs. Children havè opportunities to both develop and enrith existing skills in arÈa5 such as sport and Icr or to explorè new areas in art, drama and history for example. Extendèd care provtsion is also provided by the Kids, Club which allows parents to leave their children before and after school, safe in the knowledge tha they will be well supervised and provided with freShMentS when necessary. The school undertake5 a hilh level of trainin8 for its stsff to ensu that the curriculum and all round education provided arè in line with its main aims and objertives. The comprthensive De¥elopmÈnt Plan use5 forward planniDB to ensure that improvernents Can be made year on year.
AYSCOUGHFEE HALL SCHOOI UMrrED TRUSTEES, REPORT (INCLUDING DIRECtORS' REPORn {CONnNUED) FOR THE YEAR ENDED 31 AUGUST2024 Public Benefft The Trustees carry out an annual audit of public benefit and the matter is constantly under wtew. In addrrion to the advancement of education for our own pupils, the xhool provides wider PLtbltc benefit in the followin8 ways.. • Community work ¢arrd out by pupils. in and out of School. • The arrangement and hostir of music events for audiences fr(>rn within the wider community. The arrangement and hosting of sports events and tournaments with other schools providin8 invaluable match experience. • Pro¥idin8 #aff development opportunitie5 and tollaborating with teachers from oiher local cluster schools. • The lettin8 of the premi5e5 to other businesses and charities at IFttlt or no c05t. The provision of work experience for students from different xhools and colleges, givin8 them fjme and encouragement in their studies. • Thè maintenance of a magnificent Grade Il" listed building for the benefit of the community and which has been restored from the vand3lised. neEletted state it was in prior to purchase by the school. Charitsble fundrai5inB. The school enjoys exceptionally 8ood rdationships with parents and thé wider community. Volunteéts comè into school on a regular basis to help with sport. readin& craft-work and School clubs. The PTFA (which is the only other party related to the charity) does a fantastic job in arrangin8 a number of functions to help raise money for the benefit of the school. The School continues to be grateful to the PTFA for the funds it rnake5 available for desirable and useful extr45 throughout the School and its ¢ontribuiion in arranging social occasions.
AYSCOUGHFEE HALL SCHOOL UMITED TRUSTEES, REPORT IINCWDING DIRECTORS. REPORn ICONTINUEDI FOR THE YEAR ENDED31 AU6UST2024 hie¥ements and perlornlance General and academic Pupil numbers for the year were much better than anticipated following conkn.nued rec<)vtry in the aftermath of the pandemic. Pupil numbers remained fairfy consistent thrtsjghout the year. but increases in the general cost f living took much of ihis benefi.t. The last Independent Sehoo15 in5pettion in Ortober 2024 found the School to be mteting all stsndards within the five area5 of in5peciion and the staff and governors have continued to work towards maintsiningthe5e high stsndards. Academically. 2023-24 was another extremefy successful year, with results once a8ain being excellÈnt. The school achieved an 80% pass rate ft)r children sith"n8 the Il+ secondary seltrtion tests and averaged 93.2% over the13515 years. The test is desi8ned to have • benchmark pa55 rate of 25%. Early Year's provision for pupils establishes in them a value led ethos which continues through the school and helps motivate them to succeed. The school provides a fimi Youndation for the futu. with an emphasis on core curiiculum subjects for a51 pupils. PIRA and PUMA testing for Maths and English reading continues to help us ensure standards remain high and intefvent.on is appropriately placed. The inspection report (Ortober 20241 noted 'Prompt interventr.on helps pupils 'keep up rather than tatrh up. and minimises thè risk of pupils falling behind. Our data for reading. WrIn@ and maths shows the school to be exceeding Èxpectstfions both locally and natfonalw for children reaching age expected or abovè in those core subjects. The school provides an excellent extracurricular auiviliÈ5 programme. which ensurÈs all pupils are offered a wide range of opportunities and skills to develop over their time at the school. 8tving children the opportunities to diseover. create and enyge in the curriculum as well as showing that independence and resilience is important. This has been aided by the wntfnutd Forest khool sessions for all classes. The School continues its dèvelopment of technology with the use of 8reen strten, Chatterp[, Seesaw and Tim* Tables R¢xkstar5 and continue5 to update and upgrade interartive whiteboards wtthin the classrooms. In addition to this, the school upgraded and increasèd the number of iPads available for use in the cl3ssrooms. The School 5tron8ly promotes environmental awareness and has been awarded ihe Eco-Schoo15 Green Flag for the past three years. This was certified with distt"nthon. the highest accolade that the organiSati can award. In addition to this, we have achieved Plastic Clever Schools Status ILevel 31, The Royal Horticulturnl Society Level 4 Schools Award, The Woodland Trust Silver Award and have received a Highly Commended in the category of Sustainable Schools from the Independent Schools Association120241. The school continues to look at ways to improve pupil resilience. with increased emphasis on welltein developed within PSHEE lessons and through school ath"vities. We have achieved the Optimus Education Pupil Wellbeing Award Gold Standard. The school is Committed to promoting equality. diversity and inclu5i0n. We embrace the different tyhures and beliefs of our School community and promote these values throughotrt the sthool. The children learn French and Spanish and we have achieved a 8rib5h Council International khools Award and have links with a partnership school in France.
AY5COUGHFEE HALL SCHOOL UMITED TRUSTEES. REPORT IINCWOING DIREcfoRS' REPORn ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST2024 orts As well as the more traditional schixjl Sports of football, rugby, critket and netball, the school ¢ontt"nued with a wider range including coaching on tennis. hockey and gymnastic5. We have a busy timetable of outside thx¢ure5. competrng al$t other schools in the lotal area and achieving well in sporting results. Music and arts The school contr'nued its variety of peripatetic music prOvisrt. induding piano, V11Th, flute. darinrf. drums and vocal lessons. Our junior children are given the opportunity to learn different instfuments in each year 8roup and we also have a well-attended school thoir. who take part in local events and competition5. We host our Summer Music Concert for parents and families as well as a summer production by our Junior children. The school ¥¢is as host for the locals schools, annual music festival. The art around the school is of an impressive quality and is always Commented on by Msttors and pat$ alike. We continue to enter pieces from across the school into the ISA art5 cornpett"th"on anfl achieve a good rate of success with these. FinancHI review Detailed results for the year are shown on the Staiernent of Financial Activities. page 16. Financially. the School's results were 35 expected. following its continued recovery after the pandemic. The school generated a net mtJvÈment in funds of £10.257. mainly due to additional irttome from higher than anticipated pupil numbers, largely gff5et by an increase in the general cost of school materi315 and refreshing the school facilities, This small profit. along with the brought forward accumulated reserve5 of £1,509.703, has mèant that the charity has carried forward resefves of £l.519,960 at the end of the year. The majority of the charity's ServeS remain tied to the school's fixed assets. The Tnjstees have determined that the appropriate level of free reserve5, which are not invesied in fixed assets, should be equivalent to at least one school term's worth of expenditure,. approximate £393.000. The school currently has £895.628 invested in a ran8e ol bank dèposits. These reserves enable the school to rneet any unexperted or emergency expenditure or to help offset any decreases ir* income leve15 in the currer>t economic eIT9nrnent. The sehool is located in a magnificent Georgian Gfade ll. listed building and repairs are inevitable and likely to prove costly, hence the requirement to keep on top of repairs and to hold a strong level of reserves. The COVID:19 pandemic reduced the size of the school and it will need to continue to rtr on its IEServes over the next few years, whi15t its pupil numbers recover. The Governing Body is very aware of the current economic environment since the introduction of VAT on school fèes. Combined with other signifi.eant chan8es imptsstd by the new Labour Governmerst, for example, nan.onal insurance and loss of charitable rates relief, the School is aware that we may not have seen the full impact of the government's recent decisions. With this in mind. the Board made the decision that there would be no fee increases in September 2025 and advised parents of this in the Autumn 2024 term.
AYSCOVGHFEE HALL SCHOOL UMITED TRUSTEES. REPORT {INCWDING OIRECTORS. REPORn ICONnNUEDI FOR THE YEAR ENDED 31 AUGUST2024 The school will cOnntse to capitslise on its impressive inspection results th1Oh its marketing and promotional activities. The School continualty updates its forecast financial Pfojeetiofts and has tight control over r(s e<penses with the objective of protectrng, then growing. its year end reserves. The School Closely monitors its cash flow5 to ensure that li remain5 a 8oin8 concern. Over the next year, the school will be lookin8 to increase its pupil roll and make 8radu•l further improvements where appropriate. It is well placed to do so with a stron8 financial plarfomi and a team of highly motivated and experienced teaching and support s¢aff. The school will continue to invest in its staff throv8h trainin8 and development and fonward planning in the knowledge that it is great teaching that inspires children to want to learn and give of iheif best. Goin8 Concern After review of the evidence. the Board has a reasonable expectation that the company will be ableto continue operating for the foreseeable future and the financial statements have been prepared on a going concern basis.
AYSCOVGHFEE HALLSCHOOL UMITED TRu¥fEES' REPORT {INCWDING DIREcfoRS' REPORT) {CONTINUED) FOR THE YEAR ENDED31 AU6U5T2024 Structurei Eo¥ernance and manaymert Goverllinz document Ayscoughfee Hall School was founded 1920. It was incorporated as a company limited by guarantèÈ on 22 Septèmber 1958 (company number (X)6124431. The company has charitable status and its registered number is 527294. The Governors are both Trustees of the Chartty and Dirertors of the Comparry. Their liability is limitèd tts £1. The charitable company is governed by its memorandum and articles of association. The principal address and re8i5tered office bs Welland Hall. London Road, Spaldin& PEII 2TE. Appolntmert and trnlnlng of Go¥erno GO¥errr5 are recruited on the ba515 of nominations and ser¥e for a perirxl of three yèars before being due for re-election. The GoveminB Body carries out a re¥ular audit to ensure it has the right mix of skillsto ènable it to arry out its responsibilities effectivety- The current Governofs include experience/back8round in education. business management. chartered sur¥eyin& accounting. constrnction. marketing and human relations. All Goverrwrs give their time voluntsrily and receive no benefits from the charity. The school ha5 a written policy for th induttion and trninir of new Governors which Is implemented with the support of the Head, Bursar and other experienced Governors. The school is a member of The Associkn"on of Governing Bodies of Independent Schools IAGBISI and èrtcourages Governors to attend its trainin8 course seminars as well as attending training event5 arranged for the school staff where applicable. The s¢hool w•$ last inspected by the Independent Schools Inspertorate in October 2024. This re8ulatory compliance and èducatt.onal qualtty inspe10n was very thorough and involved the Inspecto looking closely at all procedures across the school, including effettivenes5 of 8overnance. They reportèd thai the school met all of the standard in the Schedule of Education and no artfions were required as a result of their InspecOn. The school is fortunate in having experienced and dedicated Governors. The full Governing body meets twice per term lsix times arly). Specifi"c responsibilities are also allocatèd to permanent sub-committees Icurriculum, Staffing, Finance. Marketin8. Buildings and Sustainability & Wellbein81 which meet at least termly. The Sustainabiif(y & Wellbeing committee has made good progress in considerinE all areas of 5U5tainability. many of whieh have fed into the other su&committees. The sub<ommittees all have clear term5 of reference. Other S¢0MmitteeS and workin8 partie5 are Set up on a needs basis. Each Govemor tskes responsibility for a curriculum subject area working closely with the subject co-ordinator in the school and hence taking an attive role in supporting school lrfe. Governors also undertake~learning walks" around the school, enabling them to monitor the School's life and work effertively. MaTragement The day to day operational management of the schod ts undertaken by the Senior M•nagement Team. comprising of the Headiea¢her, Oeputy Headtea¢her, Senior Teacher and eur5ar. All four members of this team attènd the full Governin8 Board meetings and are involved in the various sub<ommittees. They work very closely with the Governors. formulaD"ng and monitoring development plan5 and reportin8 progre55.
AVSCOUGHFEE HALL SCHOOL UMITED TRUSTEES. REPORT IINCWDING DIREC115, REPORn ICONTINUEO) FOR THE YEAR ENOED31 AUGUST2024 Risk Management Governors asse$5 the risk5 faced by the school on a regular basis. when a8reÈing and reviewing development plans and when setbn8 budgets. The school has a comprehen51ve Set of written policies which are kept up to date. There are a variety of processes and controls which are regularty reviewed and are in place to mitigate any risks such as, for example.. Flnancial • The setting and continual monitoring of annual bud8ets. Contingenry in annual budget for unforeseen expenditure. Clear policies and authorisation limits. Maintained cash reserves equal to at least one temi's expenditure in line with1SA recommendatr'ons and built up further to ensure ihe long iemi sustainability of the school durin8 economic downturn. . The development of 3 5-yezr financial plan, which enables the Governin8 Body to assess various scenarios related to potential chèn8es in the economic. political and tax environments. affetting pupil numbers and runnin8 tosts. This hi8hli8ht5 awarenes5 Wlthin the Governing Body and provides a useful tool, with the potential for planning to miti8ate future risks. • Robust Health and Safety policy and risk assessment pnxess. Our rlgorous safeguarding processes include the use of the My Concern package. whtch enables us to track and monitor safe8uardin8 procedures across the xh¢x•l. Buildin . Comprehensive maintenance and development plan reeularty reviewed. . Accumulatin8 additional reser¥es to cover unforeseen repaits.
AYSCOUGHFEE HALL SCHOOL LIMITED TRUSTEES, REPORT {INCWDING DIREcfofts' REPORn ICONTINUEDI FOR THE YEAREIVDED 31 AU6usf2024 Orzanisatlonal Management The Sch¢)ol'$ 8overnofS are legally responsible for the overall management and control of the school. The full 8overning body meets at least six times a ytar. and is chaired by Sam Neal, Chaimian. The governing body is responsible for determining the aim5, 5tralegy and overall conduct of the khool and is actountable for the dischar8e of its responsibilities to pupi15. parents and stsff. The work of implementing the policiES Trs carried out by a series of ¢ommittees-. ty Financ Committee Thi5 committee meets three times a year, once in each term. Its main role5 ore: to consider. monitor, challenge and recommend the annual budgets and fee increases to the board,. to monitor and dirert iTryear expenditure,. authorise capital expenditure and scrutinise the financial statements and recommend them to the governing body. The committee also has the responsibility for appointing and appraising the perforniance of the external auditor. . Stsffin mmi This tommittee meets three time5 a year. once in eath term. Its main role is to scrutinise. monitor, challenge and endorse proposals for the staffing and remunerab.on of all stsff and monitor and advise on the School'5 human resource function. This committee meet5 three tlmès a year. once in each term. Its main objÈttive is to scrurinise. challenge. support and monitor the S¢hool's educatfonal aims and help develop new and appropriate ones. This committee meets three times a year. once in each temi. Its main objective is to consider, scrutinise, challenge and support all aspects of health. safety and maintenance in relation to the buildings of the School and support and thise On caprtal expenditure building projetts. Marke Committee This committee meets three times a year. once in tath term. Its main obiectrve is to consider, scrvtr'nise, challenge and support all aspects of marketing and to resÈarth new T4¥ays of attracting prospective parents. • Sustain Wellbein Committee Thi5 committee meets three times a year, once in e#ch term_ Its main objective is to consider both the school's commitmeni to becoming more ecologicalty aware and to support the school in planning for a 5UStainatrJe future. across multiple areas including school buildings and environmeni. wellbeing ol school pupils. parents and staff, staff 5UPPOrt and training and forward financial planning. The work of this committee feeds into the other Committees, the School Development Plan and also the 5 year plan. which 15 continually updated and allows the board to make informed decisions. 10-
AYSCOUGHFEE HALL SCHOOL UMITEO TRUSTEES. REPORT IINCLIIDING DIRÉCTORS, REPORn {CONTINUEO) FOR THE YEAR ENDED31 AUGUST2024 The running of the School is delegaied to the Headteacher. supported by the other members of the Senior Management Team who are the Deputy Headteacher. SeniorTeacher and 8ursar. who is also the CompaThv Secretary. The Headteacher report5 dirertly to the 8overnors, as doe5 the Butsar through the Headteaeher, but with direct access for matters relatin8 to the role of Company Secretsry. The Headteacher attends all meetin85 nd committees of the govemor5. and members of the Senbor Management Team attend meetin8$ according to their responsibilities and at the direction of the HeaLlteacher and Company Secretary. With regard to rmuneiatt"on. governors agree the Htadteacherfs saLiry and the Headteacher agrees the Sènior Management Team salaries in consultation with the govemors. Em The school ha5 a rigorous recruitment policy and sets it remunration at a level which awards the sthool an e¥tremely hi8h level of staff retention. The school a150 ofler5 work experience opportunities to pupils of the local secondary schools. Staff attend regular meetr.ngs to discuss current whole school issues. where ihey are encouraged to have a voice and partitipate. They are règularly updatèd on the current developments of the school. including contribution towards the S¢hool Oevelopment Plan. Audltor TC Group. having expressed thr willingness to continue in office. will be deemed reappointed for the next financial year. Exem tlon The report of the council members has been prepared t¥kin8 ad¥antsÉe of the small company exemptim of seth.on 415A ofthe Companies Art 2006. The Trustee5' report wès approved by the Board of Trustees. S Neal Chairman Oated......ai.i..i/..&S 11
AYSCOUGHFEE HALLSCHOOL UMITED srATEMEP4T OF TRusfEES' RESPONSIBILMES FOR THE YEAR ENDED31 AUGU5T2024 The Trustees, who ore a150 the director5 of Ayscoughfee Hall khool Limrttd for the purpose of company law, are responsible for preparing the Trustee5' Report and the financial statement5 in accordance with applicable law and United Kingdom Accounting Standards (United Kin8dom Generally Accepted Accounting Pr3cltcel. Company Law requires the Trustees to prepare financial srdtements for each financial year which gpie a true and fair view of the state of affairs of the thariiy and of the incoming resources and application of rtsources, includin8 the income and expenditure. of the charitsble company for that year. In preparing these financial statements. the Trustees are required to: select suitable accountin8 polrcies and then apply them cgnsi5tently- - observe the method5 and principle5 in the Charitbes SORP- - make judgements and esDmates that are reaSonae and Pfudent.. stale whether applicable UK Accounling Standards h•ve been followed. subject to any material departures disclosed and explained irh the financial rtatemertts- and - prepare the financial ststements on the 8oin8 con¢ern basis LJnles5 it is inappropriate to presume that the charity will continue in operation. The Trusteès are rèsponsible for keeping adequate accounting records thai disclose with reasonable accuracy at any n.me the financial posifft.on of the charity and enable them to tnsurt that the financial statemerts comply with the Companies Art 2ChJ6. They are also responsible for safeguarding the a$5ets of the charity and hence for tsking reasonable step5 for the prevention and detethm of fraud and other irre8ularitres. 12-
AYSCOUGHFEE HAU SCHOOL UMITED INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEE5 OF AYSCOUGHFEE HALL SCHOOL UMfrED Opinion We have audited the financial 5t•tements of AyKou8hfee Hall School tsmited Ithe 'chariVI for the year ended 31 August 2024 which comprise the statement of financial activities, the balance sheet ènd note5 to the financial ststements, including significant accountin8 policies. The financial reporting framework that ha5 been applied in their preparation is applicable law and United Kingdom Accounting Stsndards, including Financial Rewrting Standard 102 The Financial Reporting Stondord opplicoble in the UK ond Republic of Irelond (United Kingdom Generalty Accepted Accounting Practicel. In our opinion, tht financial statements-. give a true and fair view of the state of the charf(able company's affairs as at 31 Au8U5t 2024 and of its incoming resources and applTrcation of resource5. for the year then ended. have been property prepared in accordance with United Kingdom Generally Accepted Accounting Practice.. and have beert prepared in accordance with the requirements of the Companies Act 2006. Basls for oplnion We conducted our audii in accordance with Intemational Standards on Auditing IUKI (ISA5 IUKII ènd applicable law. Our responsibilities under those stsndards are further deKribed in the Auditor's responsibilities Aor the oudit of thefinonciol stotements section of our report. We are independent of the charity in acCordae with the ethical requirements that are relevant to our audit of the financial statements in the UK. including the FRCS Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirerrtnts. We believe that the audit evidence we have obtained is sufficient and appropriaie to provide a basis for o¢Jr opinion. Conduslons relaiini io g•inÈ tontern In auditing the financial statements. we have concluded that the Trustees. use of the 80in8 concem basis of accounting in the preparation of the h'nancial statements is appropriate. Based on the work we have perlormed. we have not identified any material uncertainties relating to events or conditions that. individually or colleaivety. may cast Significant doubt on the charity's ability to continue as a going concern for a period of at least iwelve months from when the finantial ateMentS are authorised for issue. Our responsibilities and the responsibilitses of the Trustees with sPect to going concern are dcTibed in the relevant sections of thi5 report. Othèr Informalion The other information comprises the information int1Led in the annual report other than the financial statements and our auditor's report thereon. The Tfustees are responsible for the other infomiation contained within the annual rtport. Chjr opinion on the financial ststements dots not cover the other inforniation and we do not expres5 any form of assurance conclusion ihereon. Our responsibility is to read the other informakn.on and. in doing so. consider whether the other infomiar*on is materially intonsistent with ihe fi.nancial statements or our knowledge obtsined in the course of the audit. or otherwise appeats to be materially misstated. If VE identify such material incon515tencies or appJreni material misstatements. we are required to determine whether this Bives rise to a material mTrsstatement in the financial statements them5elve5. If, based on the work we have performed. we conclude that there is a material mi55tatement of this other information, we are reqe to report that fact. We have nothing to report in this regard. 13-
AYSCOUGHFEE HALL SCHOOL UMITED INOEPENDENT AUDtWOR'S REPORT ICONTINVED) TO THE TRUSTEES OF AYSCOUGHFEE HALL SCIKKIL UMITED Matters on which we are requSred to POrt by exception We have nothing to report in re5pert of the following matters in relation to which the Charitie5 IAccounts and Report51 Regulations 2008 require us to report to you if. in our opinion.. the information givert in the financial statements is inconsistent in any material respect with the Trustees. report.. or suffi'cient accounting records have not been kept.. or the financial statements are not in agreement with the accounting records,. or we have not received all the information and explanations we require for our audit. Responsibilities of Truslees A5 explained more lully in the ststement of Trustees, responsibilitses, the Trustee5. who are also the directors of the charity for the purpose of company law. are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such intemal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatemenL whether due to fraud or erffjr. In preparin8 the linancial statements. the Trustees are responsible for 35se55in8 the charity's ability to tontinue as a going concern, disclosin8, 35 applicable. mattér5 related to goin8 concern and usin8 the going con¢ern basi5 of a¢countin8 unless the Trustees either intend to liquidate the charitsble company or to cease operations, or hove no realistic alternative but to do so. Auditor's responsibilities forthe aud51 of the finaThc5al statements We have been appointed as auditor under sertFon 144 of the Charities Art 2011 and report in accorthnce with the Act and relevant regulations made or having effect thereunder. Our objectives are io obtain asOnable assurance about whether the finatKial statements as a whole are free from material misstatement. whether due to fraud or error. and to issue an auditor's report that indude5 our opinion. Reasonable assurance is a hr8h level of a$5uraAce but is not a guarantee that an audit con(kn¢ted in a¢cordan¢e with ISAS IUKI will always detect a material Mis31trnent when it exist5. Misstatement5 on arise from fraud or error and are considered material rf. individually or in the aggregate. they could reasonatly be expected to influence the economic decisions of usefs taken on the basis of these financial statements. Irregularittes. in¢luding fraud. are instances of non<¢)mplian¢e with laws and regulations. The extent to which our proceduw are Capable of detecting irregularities, including fraud is detailed below. Extent to whkh the audlt vras <onsSdered capable ol deteclini Irwlarllle5. Indudln8 fraud The objectives of our audit. in respect of fraud. are.. to identify and assess the risks of material misstatement of the financial statements dut to fraud- to obtain sufficient appropriate audit evidence regarding assessed risks ol material misstatement due to fraud, through designing arbd implemenTr"ng appropriate respon5es,' and to respond appropriately to fraud or $uspected fraud identified durin8 the Judit. however, the primary responsibility for the prevention and detectitsn of fraud rests with those char8ed with governance of the entity and its management. 14-
AYSCOUGHFEE HALL SCHOOL UMITED INDEPENDENT AUDITOR'S REPORT ICONTINUEO) TO THE TRUSTEES OF AYSCOUGHFEE HALL SCHOOL UMfTED Our approach was as follows." We identified areas of laws and regulations that eould reasonably be expected to have a matèrial effect on the financial statements from our general commertial and sector expèrience. and through distussion with the direciors and other manazement las required by audiil.ng standards). and discvsstd with the directors and other management the polities and procedu$ regarding tompliance with laws and regulations- We considered the lègal and regulatory framtworks directly applicable to the fi.nancial statements reporting framework IFRS 102 and ihe Companies Act 20061 and thè relevant tax compliance regulations in the U • We tonsidered ihe nature of the industry. the control environment and business performarte. including the kev drivets for management's remunerntion- • Wt tommunitated identifièd laws and regulations throug?ul our iezm and remained alert to any indicatbons of non<ompliance throughout the audit.. • We considered the procedures and coniro15 that the ¢ompany has established to address r6ks idènlffied, or that othenvise prevent, deter and deted fraud,. and how Senior management monitor5 ihose programmes and Controls. Based on thi5 understanding we designed our audit procedure5 to identify noTrcompliance with Such laws and re8ulation5. Where the risk wa5 considered to be higher, we PErformed audit procedures to addre55 exh identr'fied fraud risk. These procedures inclu(led.. testin8 manual journals,. reviewin8 the financial 5tstement disclosure5 and tests'nB to supportin6 documentation,. performing analytical procedures- and enquirinB of management, and were designed to provide reasonable assurance that the financial statements were fr frorn fraud or error. Owin8 to the inherent limitatr'ons of an audit, there 15 an unavoidable risk that we may not have detected somè material misstatements in the tinancial statements, even thou8h we have properly planned and performed our audit in accordance with auditin8 standards. For example, the fvrther removed non-compliance with laws and re8ulations lirregularitiesl is from the events and transactions refleded in the financial statements, the le55 likely the inherently lirnited procedures required by auditrng stsndard5 would idents'fy it. The risk is also greater regarding irregularities occurring due to fraud father than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. We are noi responsible for preventing noTrcompliance and cannot be expected to detert non-compltance with all laws and iegulations. A further description of OUT re5ponsibilitres is available on the Financial Reporting Council's web51te at.. https'.//www.frc.org.uklOur-WorklAuditlAudit-and-assur3ncelStsndards-and-8uidancelStsndards-and-8uidance- forauditorslAuditors-This description forms part of our auditoes report A further descriptr'on of our responsibilrties is lIable on the Finanoal Reporting Council's website at.. https.'Il www.frc.ore.uvauditorsresponsibilities. This description forms part of our auditor's reporL Use ol our report This report Is made solely to the compan9 members, as a t#)dy, in accordance with Section 391 ofthe Companies Act 2014. Our audit work ha5 been undertaken so that we mi8ht State to the company's members those nTtters we are required to state to thern in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report. or for the opinions we have formed.
AYSCOUGHFEE HALL SCHOOL UMITED INDEPENDENT AUDITOR'S REPORT (CONTINUEO) TO THE TRUSTEES OF AYSCOUGHFEE HALL SCHOOL UMrrED TC ¢knyp OJ 2tri£ Sl•tutory Auditor 14 London Road Spalding Lincolnshire PEII 2TA TC Group is eligible for appointment as auditor of the charity by virtue of its eliw"bility for appointment as aL1t01 of a ¢omparty under settj.on 1212 of the Companies Act 2006. 16-
AYSCOUGHFEE HALL SCHOOI UMITED STATEMENT OF FINANCIAi AcnvmES 114CLUOING INCOME AND EXPENDITURE ACCOUP FOR THE YEAR ENDED31 AUGVST2024 Unrtstrlrted fvnds 1024, Unremrlrfed funds 1. .2023 Income and endowments from: Oonation5 and legacies Charitable activities Investments Other income 6,463 1.167.318 11.672 2,50J 6,668 967.181 3,331 340 Total Incomo 1.187.953 977.520 Expenditure on: Charitable activitr'es 1.177.696 1.071,829 Total expenditure 1.177.696 1.071.829 Net Incomellexpendlte) and mo¥ement in 10.257 194.3091 RttondllatSon of lurnds: Fund balances at I September 2023 1,509,703 1.604,012 Fund balances at 31 Auyst 2024 1,519.960 1,509.703 The statemerht of financial arti¥iknes includes all gains and 105ses recognised bn the year. All income and expendrture derive from continuin8 artivitie5. 17
AYSCOUGHFEE HALL SCHOOL UMttED BALANCE SHEET AS AT31 AUGUST2024 2024 2023 Axed assets Tangible assets Current assets Dèbtors Cash at bank and in hand 1.404.226 1,430,116 14 26.959 916.S89 23.303 641,397 943,548 664.7C(J Credltors: amounts lalling due vAth5n one year 16 1399.2831 1140,0581 Net Current assets 544.265 524,642 Total assets less current Ilabilities 1,948,491 1,954,758 Credltors: amounts falllnl due after mofe than one year 17 {428.5311 1445.0551 Net aet5 1.519,960 1,509.703 Income lunds Unrestricted fvnds 1.519,960 1.509,703 1.519,960 1.509.703 18-
AYSCOUGHFEE HALL SCHOOL UMITED 8ALANCE SHEET ICONTINUEDI ASAT31 AUGvsf2024 The company is entitled to the exemption from the audit requirement ti)ntained in section 477 of the Companies Act 2006. for the year ended 31 August 2024. ahh8h an audit has been carrted out under section 144 of the Charities Act 2011. The directors acknowledge their reSpsIbiliti"S for complying t4 the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audii of rts financial Statements under the reqU1MentS of the Companies Art 21, lor the year in question in attordance with section 476. These financial Statements he been prepared in accordan wth the prowsions applicable to companies subjert to the small companies reBime. The financial ststements were approved by the Trustees on .... 31J.3/ zs S Neal Chalrman Company Rglstrntion No. 00612443 19-
AYSCOUGHFEE HALL 5CHOOI UMITED NOTES TO THE FINANOAL STATEMENTS FOR THE YEAR EhlDED 31 AUGUST2024 AccoUnn$ polkies Charfty Information Ay5COU8hfee Hall School knmited is a privatè company limited by gu•rnntee incorporated in EnÉland and Wales. The registered office is Welland Hall. London Road, Spaldin& Lincs. PEII 2TE. 1.1 ACCounnE ¢omientEo The linancial ststements have been prepared in accordance with the charivs IgoveminK do¢umentl, the Companies Act 2¢)J6. FRS 102 The Financial Reporring Standard applicable in the UK and Republic ol Ireland" I-FRS 102.1 and the Charities SORP -AccountinE and Reporting by Charities.. Statement ol Recommended Prartice applicable to chariiies prÈparirtg their accounts in accordance with the Financol Aeporting Standard applKablÈ in the UK and Republic of Ireland IFRS 1021" leffertive l January 2019). Thé harity is a Public Benefit Entity a5 defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial rtatements are prepared in sterlin8, which is the functional currency of the charity- Monetary amounts in these financial statements are rounded to the nearest £. The financial 5taternents ha¥e been prepared under the historical tost corwention, (modified to indude the revaluation of fehOld properties and to indude investment properties and rtain financial instruments at fair valuel. The principal accountt.ng policies adopted are set out below. 1.2 Golng corKern At thè time of approving the financial statements. the Trustees have a reasonable expertation that the charity has adequatè resources to continue in operational existence for the foreseeable future. Thus the Trustee5 continue to adopt the Boing concern basts of accounting in preparing the fr"nancial statements. 1.3 Charitable lunds Unrestricted funds are available for usè at the distretitin of thé TrustÈes in furtherance of their charitablè objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purpose5 and vses of the restricted funds are set out in the rtrote5 to the financial statements. Endowment funds are subject to speofic conditions by (lonors that the capital must be maintsined bythe charity. 1.4 Income Income is re¢oBni5ed when the charity is legally entitled io it after any performance tonditions hwe been met, the amounts can be measured reliably. and it is probable that income will be received. Cash donations are recogni5ed on receipt. Other donations are recognised once the ¢hJrity has been notithed of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations receNed under Gift Aid or deeds of ¢ovenant i% recognised at the time of the doftatfiofi.
AYSCOUGHFEE HALL SCHOOL LIMITED NOTES TO THE FINANCIAi STATEMENTS (CONTINUED) FOR THE YEAR EPIDED 31 AUGUST2024 Accountlng policies (Cont5nuÈd) Legacies are recognised on receipi or otherwise if the charity has been nOfied of an impending distTibutlon. the amount is known. and receipt is experted. If the amount is not known. the legacy is treated as conts"ngent asset. 1.5 Expènditu Expenditure is recognised once there is a legal or constructive obli8an.on to transfer economic befit to a third party, it is probable that a transfer of economic benefits will be required in settlement. andthe amount of the obligation can be measured reliably. Expendilure bs classitied by activity. The costs of each activity are made up of the total of dir costs and shared costs. including support costs involved in undertaking each activity. Dirett costs att¥ibutat4e to a single activity are allocated direttly to thai ath"vrty. Shared costs which contribute to more thanone actiwty nd support costs whith are not attributablè to a sin8le attivity are apportioned between those actpiitie5 On ? basis con5iStÈnt with the use of resource5. Cèntrnl staff costs are allo£ated on thè basis of time spent. and deprecialion charges are •llocated on the portion of the asset's use. Website developrnent 1.6 Tangible fixed assets Tan8iWe fixed assets are inits.ally measured at COSt and 5ub5equently measured at C05t or valuation. net of depreciation and any impairment1055es. Straighi line over 3 years Dèpreciation is recognised so as to writè off the cost or valuation of assèts I their residual values over their useful lives on the fdlowine bases= Land and buildings Fixtures and ffttings Freehold extension Land Inlant block refurbishment Buildings- Straight li over SO years 20% per annum on cost Straight line over 50 year5 No depreciation 20% per annum on Cost The 8ain or 105$ arising on the disposal of an 055et Is deteminÈd as the differentt between the sale proceed5 and the carryin6 value of the asset, and is reco8nised bn thè statement of financial athvities. 1.7 Impalrnient ol fixed asset5 At each reporting end date, the charity reviews the carryin8 amounts of irs tangible and intsngible assets to determine whether there is any indicatron that those assets have suffered an impaimieTht loss. If any such indicakn.on exists. the coverable amount of the asset is estimated in order to determine the extent of the impairment loss lif any). 1.8 Cash and ¢ash ¢qul¥alents C3sh and cash equivalents include cash in hand. deposits held at call with banks, other 5hort-lerm liquid investments with original maturities of three months OT less, and bank overdrafts. Bank overdrafts a shown wiihin borrowings in current liabilroes. 21
AYSCOUGHFEE HALLSCHOOI UMITED NOTES TO THE FINANCIAL STATEMENTS ICONnNUED) FOR THE YEAR ENDED 31 AU6U5T2024 A¢¢ounting polldes Icontlnued} 1.9 Financial Instruments The charity has elected to apply the provisions of Section 11 '8asic Financial Instrument¥ and Sethon 12 'Other Financtal Instruments Issues. of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity'5 bzlantt sheet when the charity betomes party to the contractual Provisions of the instrument. Financial assets and liabilities arE offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to sèt off the recognised amounts and there is an intention tosettle on a net basis or to realise the asset and settle the lia"l1ty simultsneously. 8askJlnonool ossets Basic financial assets, which include debtors and cash and bank balances, are initally measured transaction price including transartion costs and are Subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction Is measured ai the present value of the future receipts discounted at a market rate of interest. Financial assets tlassifi.ed as receivable within onè year are not amortised. 8oskJlnoncl•l Iloblllrfes Basic fi'nancial liabilities, including creditoTs and bank loans are initially recognised at transaction price unless the arrangement constitute5 3 fTrnancing transaction, where thè debt instrument is measured at the present value of the future payments discounted at a market Tate of interest. Financial liabilitie5 classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cosL using the effective interest rate method. Trade creditors are obli8ation5 to pay for good5 Or services that have been acquired in the ordinry tourse of operations from supplier5. Amounts payable are cla55iffied as currènt liabilities if payment 15 due within one year or less. If not. they are presented as norFcurrent liabilitie5. Trade creditors are recognised initially at transattion price and subsequently measud at amorrised cost using the effective interest method. Ikrecognhlon 0fflnanciall1a"Iit1e$ Financial liabilities are dereco8ni5ed when the charitys contrartual oblyth.ons expire or are discharged or cancelled. 1.10 Employee beneffts The cost of any unused holiday entitlement is recognised in the perio(l in which the employee's services are received. Termination benefits are reco8ni5ed immediately 45 an expense when the charity is demonstrably committed to terminate the employment of an employee or to prowde termination benefits. 1.11 Retlrement beneffts Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
AYXOUGHFEE HALL SCHOOL UMITED NOTES TOTHE FINANCIAL STATEMEP4T5 ICONTINVED) FOR THE YEAR ENDED31 AUGusf2024 Critical actounling e#imat& and judgèments In the application of the charivs accounting policies. the Trustees are required to make judgemt$, estimate5 and a55umptions about the carrying amount of assets and liabilities that are not readily apparent from other source5. The estimates and associated assumptions are baseil on histofical experience and other factors that are considered to be relevant. Artual results may differ from these esrimates. The estimates and underlying assumptions are reviewed on an ongoing basi5. Revisions to accounting estimates are recognised in the period in which the e51im3te is revised where the revision affects u)ly that pèriod. of in the period of the rl$lOn and future period5 where the revision affects both turrènt and future periods. In¢m doltIOnS and legxies Unrestr5cted funds 2024 Unrestrirted lunds 2023 Donatr"ons and ftS 6.463 6.668
AYXOUGHFEE HALL SCHOOL UMITED NOTES TO ThE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGusf2024 Charilablè activitles shop% Total 2014 School fees Re8lStiatl on fees Teaching support School discounts Nursery grant income Kids club Income Toddlèr group income Other school income Rental income Income from school lunches 1,046,1)44 1,046,044 879,968 13.750 13.750 5.050 2.241 2,241 15,6111 15,6111 12,6801 69,648 69,648 53,582 24.814 24.814 21,993 1.593 1.593 695 {1.4931 1.351 9.152 316 9.326 7.748 5.070 5.070 443 443 825 1.157,992 11,4931 1.351 10,745 316 1,167,31B 967,181 -24-
AYSCOUGHFEE HALL SCHOOL LIMITED NOTES TO THE FINANCIAL sfATEMENTS {CONTINUÉDI FOR THE YEAR ENDED 31 AUGUST2024 Charitable acil¥ities (Cortlnuedl For ihe year ended 31 August 2023 Yysalgs 1013 School fee5 Re8isiration fees School discounts Nursery grant income Kids club income Income frorn school lunches 879,968 5.050 12,6801 53.582 21.993 11.3421 1.309 7,479 302 887,716 5.050 12,6801 S3,582 22.688 695 825 825 958.738 11.3421 1,309 .174 302 967.181 Analysis by fund Unrestricted funds 958,738 11,3421 1,309 8,174 302 967,181 Investments Unrestricted UnTe5tricted funds funds 2024 2023 Bank Inierest received 11,672 3,331 Othèr Sncome Unrestrlrted Unrestrirted funds funds 2024 2023 Other income
AYSCOUGHFEE HALL SCHOOL UMITED NOTES TO THE FINANCIAI STATEMENTS ICONTIIIUED) FOR THE YEAR ENDED 31 AUGusf2024 Charltable activities Charitable Expenditure 2024 Mllk Spwl SI stock Total 2024 Total 2023 2024 2024 1024 stsff costs Depreciation and impairment IWISI costs Kids club expenditure Class materials School books and magazines Computer ¢osts Prizes and donations Staff trainin8 Costs Insurance Other school expenditure Hot lunch expenditure Kids club salaries 807.625 807.625 719.596 53.S74 4.675 19 9.785 53,574 4.675 19 9.785 58.962 3.428 6.238 24.233 10.301 2.179 6,174 16.339 24,233 10.301 2,179 6,174 16,339 9.846 2,184 12.453 20.991 6.979 3,563 6.227 14,261 8,699 2.002 11.272 2.014 7.674 158 2,184 12.453 949.$41 2.014 7.674 158 959.387 862.218 Share of support costs (see note 81 218.309 218,309 209,611 1.167.850 2.014 7,674 158 1,177.696 1,071,829
AYSCOUGHFEE HALi SCHOOL UMITED NOTES TO ThE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST2024 Charitabl attivitsS Icorbtinyedl For the year ended 31 August 2023 (hritablè Mllk sport Shop 5tod( Total Z023 Staff co$ Depreciation and impairment ISAIISI costs Class materials School book5 and magaiines Computer r051S Prizes and donations Staff training CQSt5 Insurance Othef School expenditure Hot Itjnth expenditurè Kids tlub salaries 719.596 58.962 3,428 6.238 20.991 6,979 3.S63 6.227 14.261 719.596 58.962 3.428 6.238 20,991 6.979 3.563 6,227 14.261 8.699 2.[12 11.272 1,707 6.770 222 2.CK12 11.272 853.519 1.707 6,770 222 862.218 Share of support costs Isee note 81 209.611 209.611 1,063.130 1.707 6,770 222 1.071,829 Analysls by fund Unrestricted fund5 1,063.130 1.707 6.770 222 1.071,829 -27-
AYSCOUGHFEE HALL SCHOOL UMtTED NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR EhTOED 31 AUGUST2024 Support <osts Support Go¥ernabKe 20245upport ¢osts Governance ¢osts 2023 Miscellaneous expenses Admin stsff cost Ratès 3.222 98,152 10,867 37.188 3.222 98.IS2 10,867 37.188 2,798 99,039 9.643 25.911 2,798 99.039 9,643 25,911 Office costs Licences and subscriptions Printing, stationery and adverhsing Payroll tharge Repairs and renewals School cleaning 8ank charges Loan interest paid 8ad debts 3,062 3,C62 3,114 3,114 10,759 2.512 17.494 6.673 832 10,759 2.512 17.494 6.673 832 9.537 1,728 23,503 4,663 782 9,537 1,728 23,503 4.663 782 15,817 11.5931 15.288 746 15.288 746 15,817 11,5931 Audit fees Accountsncy Legal and professional 3,OCQ 1.070 7.443 3,000 1.632 10.037 3.000 1.632 10,037 1.070 7.443 206,795 11.513 218.308 194.942 14.669 209.611 Analysed between Charitable actiwties 206,795 11.513 218.308 194.942 14.669 209.611 Governance cost5 intludes payments to the auditor5 of £3.l(2023- £3,(hJOI for audit fees. Net movement in funds 2024 2023 The net movement in funds is stated after thary"n8llcreditingl: Fees payable for the audtt of the charity's finarKial statements Depreciation of owned tangible thxed assets 53,574 58.962 10 Trustees None of the Trustees lor any persons connerted with them) received any remuneration or benEfit5 frryn the charity duTin8 the year.
AYSCOUGHFEE HALL SCHOOL UMtTED NOTES TO ThE FINANCIALSTATEME14TS ICONTINVED) FOR ThE YEAR ENDED 31 AUGusf2024 11 Employees The average monthly number of employees during the year wa5: 2024 2023 Number Number 29 28 Employment costs 2024 2023 Wages and salaries Social security costs Oiher pension costs Admin staff costs S25.688 165,745 116.192 99,039 450.550 168,989 I.057 93,146 906,664 812,742 12 Taxation The charity is exempt from taxation on its aciivities because all its income is applied for charitsble purposes.
AYSCOUGHFEE HAiL SCHOOL UMITED NOTES TO THE FINANOAL sfATEMENTS (CONTrNUED) FOR TIIE YEARENDED 31 AUGiIST2024 13 Tangible fixed assets laniblock futhshmifit T•tsi At I September 2023 Additions 341.341 384,056 27,683 888,353 3,211 715,648 2,332,609 27,683 At 31 August 2024 341,341 411,739 888,353 3.211 715,648 2,360.292 Dtpreciation ao)d impairment At I September 2023 Depreciation charged in the year 131.645 345.918 354.537 70,392 902,492 4.897 16,599 17.765 14.313 53.574 At 31 August 2024 136.542 362.517 372.302 84.705 956,066 Carryln8 afflot At 31 August 2024 204,799 49.222 516.051 3.211 630.943 1.404,226 At 31 August 2023 209,696 38.136 533,817 3,211 645,256 1.430,116 14 Dthors 2024 2023 Amounts falllng due wlthln one year. Trade debtors Other dèbtors ppaYMentS and accrued income 17.992 2,265 6,702 15.147 3.220 4.936 26.959 23,303 15 Loans and (verdft$ 2024 2023 Bank loans 445,055 461.032 Payable within one year Payable after one year 16,524 428.531 15,977 445,055
AYSCOUGHFEE HALL SCHOOL UMITED NOTES TO THE FINANCIAL STATEMENTS ICOPlllNUEDI FOR THE YEAR ENDED 31 IIUGU5T2024 15 loans and overdrafts (Continued) The long-term loans are secured by fixed thar8es over freehold land and buildings at Welland Hall. London Road, Spalding. 16 Creditors: arnounts f•llln8 dyt within one year Z024 2023 Bank loans Other taxation and so¢ial security Trade credttors Other creditor5 15 16.524 14331 18,820 364,372 15,977 19,439 104,642 399.283 140.058 17 ClitOrs. amounts dwe after more than ¢Jne year 2024 202J Bank loans 428.531 445.055 18 Retirement benefft sthem 2023 Defined contrIblOn 5dMe$ Charge to profit or loss in respect of defined contribution scheme5 116,192 100,057 The charity operate5 a defined contributK>n pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in arb independently administered fund. 31
AYSCOUGHFEE HALL SCHOOL UMITED IIOTES ro THE FINANCIAL STATEMENTS {COPrnNUEO) FOR THE YEAR ENDED 31 AUGUST2024 19 Unrestrlcted funds The unrèstritted funds of the charity comprise the unexpended balances of dOnaofiS and grants which are not subjett to specth"c condin.ons by donors and grantors as io how thèy may be usèd. These inclvdè designated fund5 which have been set aside out of unrestritted fund5 by the trustee5 for specific purposes. In¢ornirva resour¢es Resources At 31 AuBYSt expended 2024 September General funds 1.509.703 1.187.953 11.177.696) 1,519.960 Previous ytar: Incoming September resources 2022 Resources At 31 August expended 2023 General funds 1.604.012 977.520 11.071.8291 1,509.703 20 Events afterihe reporting date Following the 2024 general election, the government announced that private school fees would be cfrfjrged VAT at the standard rate of 20% from l January 2025. The School is aware that we may Trot have seen the full impact of this decision and as such has chosen not to increase fee's in September 2025. 21 Related partylran5actlons There were no disclosable related party transactions durin8 the year12023- rne1.