2021-08-31-accounts - St Hugh's School (Woodhall Spa) Limited

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

	Page
Reference and Administrative Details
Report ofthe Trustees	2 to	7
Report ofthe Independent Auditors	8 to	11
Statement of Financial Activities
Statement of Financial Position
Statement ofCash Flows	14
Notes to the Statement of Cash Flows
Notes to the Financial Statements	16 to	27

TRUSTEES	R D J Bussell - Acting	Chairman
	LJ Mason
	TJ Bogg
	Mrs C M Twigg
	W M Phelan
	A E Langsdale
	Mrs J CVincent
	Mrs E CWould
	Dr R M Sharpe (appointed 9.11.20)
	I RTyler (appointed	9.11.20)
	S D Herring (resigned 30.11.20)
REGISTERED OFFICE	Cromwell Avenue
	Woodhall Spa
	Lincolnshire
	LN10 6TQ
REGISTERED COMPANY NLIMBER	00796794 (England	and Wales)
REGISTERED CHARITY NUMBER	527611
INDEPENDENT AUDITORS	Wright Vigar Limited
	15Newland
	Lincoln
	Lincolnshire
	LN1 1XG
BANKERS	Barclays Bank pic
	35 High Street
	Horncastle
	Lincolnshire
	LN9 5HS
ACCOUNTANTS	Duncan R.Toplis Limited
	18Northgate
	Sleaford
	Lincolnshire
	NG34 7BJ

						2021	2020
				Unrestricted	Restricted	Total	Total
				fund	fund	funds	funds
			Notes	f	f	f	f
INCOME AND ENDOWMENTS		FROM
Donations and legacies				9,737		9,737	83,547
Charitable activities
School fees receivable				1,711,695		1,711,695	1,600,678
Other educational income				262,407		262,407	247,967
Other trading activities				26,118		26,118	22,505
Investment income				7,690		7,690	16,205
Other income				1,490		1,490	6,879
Total				2,019,137		2,019,137	1,977,781
EXPENDITURE ON
Raising funds				22,756		22,756	21,043
Charitable activities
Teaching costs				63,309		63,309	93,482
Staff costs				1,445,983		1,445,983	1,356,983
Support and welfare	costs			272,645		272,645	185,112
Premises costs				173,927		173,927	175,567
Financing costs				8,027		8,027	7,978
Depreciation costs				36,807		36,807	39,520
Total				2,023,454		2,023,454	1,879,685
NET INCOME/(EXPENDITURE)				(4,317)		(4,317)	98,096
RECONCILIATION OF	FUNDS
Total funds brought	forward			1,510,586		1,510,586	1,412,490
TOTAL FUNDS CARRIED FORWARD				1,506,269		1,506,269	1,510,586

STATEMENT OF FINANCIAL POSITION 31AUGUST 2021
				2021	2020
		Unrestricted	Restricted	Total	Total
		fund	fund	funds	funds
	Notes	f	f	f	f
FIXEDASSETS
Tangible assets	13	1,669,000		1,669,000	1,690,283
CURRENT ASSETS
Stocks	14	32,517		32,517	31,229
Debtors	15	559,283		559,283	495,399
Cash at bank and in hand		170,727		170,727	140,546
		762,527		762,527	667,174
CREDITORS
Amounts falling due within one year	16	(844,650)		(844,650)	(767,599)
NET CURRENT ASSETS		(Bz,123)		(82,123)	(100,425)
TOTAL ASSETS LESS CURRENT LIABILITIES		1,586,877		1,586,877	1,589,858
CREDITORS
Amounts falling due after more than one year	17	(80,608)		(80,608)	(79,272)
NET ASSETS		1,506,269		1,506,269	1,510,586
FUNDS	20
Unrestricted funds				1,506,269	1,510,586
TOTAL FUNDS				1,506,269	1,510,586

FOR THE YEAR ENDED 31	AUGUST	20	21
					2021	2020
				Notes	E	E
Cash flows from operating	activities
Cash generated from operations					58,935	57,078
Interest paid						(164)
interest element of hire purchase		payments
pa icl					(2,054)	(1,861)
Net cash provided by operating activities					56,881	55,053
Cash flows from investing	activities
Purchase oftangible fixed	assets				(15,525)	(38,064)
Sale oftangible fixed assets						4,000
Interest received					207	517
Net cash used in investing	activities				(15,318)	(33,547)
Cash flows from financing	activities
Hire purchase repayments	in year				(11,382)	3,244
Net cash (used in)/provided	by financing			activities	(11,382)	3,244
Change in cash and cash equivalents			in the
reporting period					30,181	24,750
Cash and cash equivalents	at the	beginning
ofthe reporting period					140,546	115,796
Cash and cash equivalents	at the	end	of
the reporting period					170,727	140,546

RECONCILIATION	OF NET (EXPENDITURE)/INCOME	OF NET (EXPENDITURE)/INCOME	OF NET (EXPENDITURE)/INCOME	OF NET (EXPENDITURE)/INCOME	TO NET CASH	FLOW FROM	OPERATING ACTIVITIES	OPERATING ACTIVITIES
							2021	2020
							f	E
Net (expenditure)/income for the			reporting	period	(as per the
Statement of Financial Activities)							(4,317)	98,096
Adjustments for:
Depreciation charges							36,808	39,520
Profit on disposal	offixed assets							(4,000)
Interest received							(207)	(517)
Interest paid								164
Interest element of hire purchase			and finance	lease	renta! payments		2,054	1,861
(Increase)/decrease		in stocks					(1,288)	3,593
increase in debtors							(63,884)	(46,118)
Increase/(decrease)		in creditors					89,769	(35,521)
Net cash provided		by operations					58,935	57,078
ANALYSIS OF CHANGES IN NET FUNDS
						At 1.9.20	Cash flow	At 31.8.21
						E		E
Net cash
Cash at bank and in		hand				140,546	30,181	170,727
						140,546	30,181	170,727
Debt
Finance leases						(37,838)	11,382	(26,456)
						(37,838)	11,382	(26,456)
Total						102,708	41,563	144,271

Freehold	property	1%on cost
Plant and	machinery	15%on reducing	balance
Motor vehicles		15%on cost

2.	DONATIONS	AND LEGACIES	AND LEGACIES
					2021	2020
					f	E
	Donations				109
	Grants				9,628	83,547
					9,737	83,547
	Grants received, included		in the above, are as follows:
					2021	2020
					E	f
	Coronavirus	Job Retention	Scheme		9,628	83,547
3.	OTHER TRADING ACTIVITIES
					2021	2020
					E	E
	Shop income				26,118	22,505
4.	INVESTIVI ENT INCOME
					2021	2020
					E	E
	Rents received				7,483	15,688
	Deposit account interest				207	517
					7,690	16,205
	INCOME FROIVI CHARITABLE ACTIVITIES
					2021	2020
			Activity		E
	Boarding pupils		School fees receivable		230,123	74,465
	Day pupils		School fees receivable		1,481,572	1,526,213
	Pupils extras		Other educational	income	108,009	102,106
	Nursery		Other educational	income	54,486	62,082
	Early years funding		Other educational	income	46,567	57,918
	SEN funding		Other educational	income	53,345	25,861
					1,974,102	1,848,645

Other trading	activities
				2021	2020
				f
Purchases				22,756	21,043
CHARITABLE	ACTIVITIES COSTS
				Support
			Direct	costs (see
			Costs	note 8) f	Totalsf
Teaching casts			63,309		63,309
Staff costs			1,445,983		1,445,983
Support and	welfare costs		249,777	22,868	272,645
Premises casts			173,927		173,927
Financing costs			2,054	5,973	8,027
Depreciation	costs		36,807		36,807
			1,971,857	28,841	2,000,698
SUPPORT COSTS
				Governance
			Finance	costs	Totals
			f	f	f
Support and	welfare costs			22,868	22,868
Financing costs			5,973		5,973
			5,973	22,868	28,841
NET INCOME/(EXPENDITURE)
Net income/(expenditure)		is stated after charging/(crediting):
				2021	2020
				f	f
Auditors' remuneration				5,370	5,460
Depreciation	-owned assets			23,974	23,305
Depreciation	-assets on hire purchase contracts and finance		leases	12,834	16,215
Surplus on disposal offixed		assets			(4,000)
Accountancy	fees			10,188	10,526

Trustees' expe	nses
					2021	2020
					E
Trustees' expenses					59	370
Expenses were	reimbursed		to one trustee	during the year for travel expenses.
STAFF COSTS
					2021	2020
					f	E
Wages and salaries					1,185,805	1,089,179
Social security	costs				99,344	89,364
Other pension	costs				160,834	178,440
					1,445,983	1,356,983
The average monthly		number ofemployees		during the year was as follows:
					2021	2020
Teaching staff					34	35
Domestic staff					16	15
Administration	staff				5	4
					55	54

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
		Unrestricted	Restricted	Tot:al
		fund f	fundf	fundsf
INCOME AND ENDOWMENTS	FROM
Donations and legacies		83,547		83,547
Charitable activities
School fees receivable		1,600,678		1,600,678
Other educational income		247,967		247,967
Other trading activities		22,505		22,505
Investment income		16,205		16,205
Otherincome		6,879		6,879
Total		1,977,781		1,977,781
EXPENDITURE ON
Raising funds		21,043		21,043
Charitable activities
Teaching costs		93,482		93,482
Staff costs		1,356,983		1,356,983
Support and welfare costs		185,112		185,112
Premises costs		175,567		175,567
Financing costs		7,978		7,978
Depreciation costs		39,520		39,520
Total		1,879,685		1,879,685
NET INCOME		98,096		98,096
RECONCILIATION OF FUNDS
Total funds brought forward		1,412,490		1,412,490
TOTAL FUNDS CARRIED FORWARD		1,510,586		1,510,586

TANGIBLE FIXEDASSETS
	Freehold	Plant and	Motor
	property f	machinery E	vehicles E	Totals f
COST
At 1September 2020	1,863,212	557,177	85,559	2,505,948
Additions	15,525			15,525
At 31August 2021	1,878,737	557,177	85,559	2,521,473
DEPRECIATION
At 1September 2020	281,843	511,535	22,287	815,665
Charge for year	17,127	6,847	12,834	36,808
At 31August 2021	298,970	518,382	35,121	852,473
NET BOOK VALUE
At 31August 2021	1,579,767	38,795	50,438	1,669,000
At 31August 2020	1,581,369	45,642	63,272	1,690,283

	Motor
	vehicles
	E
COST
At 1September 2020 and 31August 2021	85,559
DEPRECIATION
At 1September 2020	25,668
Charge for year	12,834
At 31August 2021	38,502
NET BOOK VALUE
At 31August 2021	47,057
At 31August 2020	59,891

FOR	THE YEAR ENDE	D 31AU	GU	ST 2021
14.	STOCKS
					2021	2020
					f	E
	Stocks				32,517	31,229
15.	DEBTORS:AMOUNTS		FALLING DUE WITHIN ONE YEAR
					2021	2020
					E	E
	Trade debtors				520,214	454,052
	Other debtors					13,819
	Prepayments	and accrued income			39,069	27,528
					559,283	495,399
16.	CREDITORS: AMOUNTS			FALLING DUE WITHIN ONE YEAR
					2021	2020
						E
	Hire purchase	(see note		18)	11,114	11,382
	Trade creditors				25,727	44,268
	Social security	and other		taxes	26,257	26,867
	Accruals and deferred		income		781,552	685,082
					844,650	767,599
17.	CREDITORS: AMOUNTS			FALLING DUE AFTER MORE THAN ONE YEAR
					2021	2020
					E	f
	Hire purchase	(see note		18)	15,342	26,456
	Accruals and deferred		income		65,266	52,816
					80,608	79,272

	2021	2020
	f	f
Opening balance	4,091	16,961
New deposits
Fee payments		(12,870)
Closing balance	4,091	4,091

								Hire purchase	contracts
								2021	2020
								f	f
Net obligations		repayable:
Within one year								11,114	11,382
Between one	and five years							15,342	26,456
								26,456	37,838
								Non-cancellable	operating
								leases
								2021	2020
								f	f
Within one year								8,445	19,315
Between one	and five years							7,774	18,378
								16,219	37,693
SECURED DEBTS
The following	secured debts are included				within creditors:
								2021	2020
								f	f
Hire purchase	contracts							26,456	37,838
The hire purchase			liability	is secured on	the underlying	assets,
MOVEMENT	IN	FUNDS
								Net
								movement	At
							At 1.9.20	in funds	31.8.21
							f	f	f
Unrestricted	funds
General fund							1,510,586	(4,317)	1,506,269
TOTAL FUNDS							1,510,586	(4,317)	1,506,269

			Incoming	Resources	Movement
			resources	expended	in funds
				E	f
Unrestricted	funds
General fund			2,019,137	(2,023,454)	(4,317)
TOTAL FUNDS			2,019,137	(2,023,454)	(4,317)
Comparatives	for movement	in funds
				Net
				movement	At
			At 1.9.19	in funds	31.8.20
			f	f
Unrestricted	funds
General fund			1,412,490	98,096	1,510,586
TOTAL FUNDS			1,412,490	98,096	1,510,586

		Incoming	Resources	Movement
		resources	expended	in funds
		E		E
Unrestricted	funds
General fund		1,977,781	(1,879,685)	98,096
TOTAL FUNDS		1,977,781	(1,879,685)	98,096

			Net
			movement	At
		At 1.9.19	in funds	31.8.21
			E	f
Unrestricted	funds
General fund		1,412,490	93,779	1,506,269
TOTAL FUNDS		1,412,490	93,779	1,506,269

are as follows	;
		Incoming	Resources	Movement
		resources	expended	in funds
		f	E	E
Unrestricted	funds
General fund		3,996,918	(3,903,139)	93,779
TOTAL FUNDS		3,996,918	(3,903,139)	93,779