2022-08-31-accounts - St Hugh's School (Woodhall Spa) Limited

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TRUSTEES	R DI Busseg - Chairman	R DI Busseg - Chairman
	LJ Mason (resigned 13.6.22)
	TJ Bogg
	Mrs C M Twlgg
	W M Phelan
	A E Langsdale	(resigned	13.6.22)
	Mrs J CVincent
	Mrs ECWould
	Dr R M Sharpe
	I RTyler
	A Mansergh (appointed		14.3.22)
	Mrs KA Pindar	(appointed		14.3.22)
REGISTERED OFFICE	Cromwell Avenue
	Woodhall Spa
	Uncolnshlre
	LN10 STQ
REGISTERED COMPANY NUMBER	00796794(England and		Wales)
REGISTERED CHARITY NUMBER	527611
INDEPENDENT AUDITORS	Wright Vlgar Llmlted
	Statal'otv Auditor's
	Chartered Accountants		&	Business Adviser
	15 Newland
	Lincoln
	Llncolnshlre
	LN1 1XG
BANKERS	Bardays Bank pic
	65 Lumley Road
	Skegness
	Llncolnshlre
	PE25 3LU
ACCOUNTANTS	Duncan gr Toplls Umited
	13Northgate
	Sleaford
	Llncolnshlre
	NG347BJ

						2022	2021
				Unrestricted	Restricted	Total	Total
				fund	fund	funds	funds
			Notes	E	E	E	6
INCOME AND ENDOWMENTS		FROM
Donations and legacies				4,538		4,538	9,737
Charitable activities
School fees receivable				1,912,548		1,912,548	1,711,695
Other educational Income				320,718		320,718	262,407
Other trading activities				17,873		17,873	26,1.18
Investment income				22,485		22,485	7,690
Other Income				5,187		5,187	1,490
Total				2,283,349		2,283,349	2,019,137
EXPENDITURE ON
Raising funds			6	12,982		12,982	22,756
Charitable activities
Teaching costs				118,590		118,590	63,309
Staff costs				1,522,910		1422,910	1,445583
Support and welfare	costs			256,443		256,443	272,645
Premises costs				408,695		408,695	173,927
Financing costs				8,446		8,446	8,027
Depreciation costs				35,780		35,780	36,807
Total				2,363,846		2,363,846	2,023,454
NET INCOME/(EXPENDITURE)				(80,497)		(80,497)	(4,317)
RECONCILIATION OF FUNDS
Total funds brought	forward			1,506,269		1,506,269	1,510,586
TOTAL FUNDS CARRIED FORWARD				1,425,772		1,425,772	1s506,269

STATEMENT OF FINANCIAL POSITION 31AUGUST 2022
				2022	2021
		Unrestricted	Restricted	Total	Total
		fund	fund	funds	funds
	Notes	E	E	E	E
FIXEDASSETS Tangible assets	13	1,633,220		1,633,220	1,669,000
CURRENT ASSETS Stocks Debtors Cash at bank and in hand	14 15	38,217 636,515 157,724		38,217 636,515 157,724	32,517 559,283 170,727
		832,456		832,456	762,527
CREDITORS Amounts falling due within one year	16	(980,901)		(980,901)	(844,650)
NET CURRENT ASSETS		(148,445)		(148,445)	(82,123)
TOTAL ASSETS LESS CURRENT UABIUTIES		1,484,775		1,484,775	1,586,877
CREDITORS Amounts faglng due after more than one year	17	(59,003)		(59,003)	(80,608)
NET ASSETS		1,425,772		1,425,772	1,506,269
FUNDS Unrestricted funds	20			1,425,772	1,506,269
TOTALFUNDS				1,425,772	1,506,269

					2022	2021
				Notes	6	6
Cash flows from operating	actlvltles
Cash generated from operations					138	58,935
Interest element of hire purchase payments				paid	(2,054)	(2,054)
Net cash (used In)/provided	by operating		actlvlties		(1,916)	56,881
Cash flows from Investing	acti vl ties
Purchase oftangible fixed	assets					(15,525)
Interest received					27	207
Net cash provided by/(used	in) Investing		actlvltles		27	(15,318)
Cash flows from fin an dng	activities
Hire purchase repaymehts	In year				(11,114)	(11,382)
Net cash used in flnandng	actlvltles				(11,114)	(11,382)
Change in cash and cash equivalents		In the
reporting period					(13,003)	30,181
Cash and cash equivalents	atthe beglnnlng			of
the reporting period					170,727	140,546
Cash and cash equivalents	at the end	of	the
reporting period					157,724	170,727

RECONCIUATION	O	F NET	EXPEND	ITURE TO N	ET CASH FLOW FROM OPERA	TING ACTIVITIE	S
							2022	2021
							E	E
Net expenditure Activities)	for the		reporting	period (as	per the Statement of Flnandal		(80,497)	(4,317)
Adjustments for: Depreclatlon charges							35,780	36,808
Interest received							(27)	(207)
Interest element	ofhire purchase			and finance	lease rental payments		2,054	2,054
Increase In stocks							(5,700)	(1,288)
Increase In debtors							(77,232)	(63,884)
Increase In creditors							125,760	89,769
Net cash provided		by operations						58,935
ANALYSIS OF CHANGES			IN NET FUNDS
						At1.9.21	Cash flow	At31.8.22
						6	6	E
Net cash
Cash at bank and	In hand					170,727	(13,003)	157,724
						170,727	(13,003)	157,724
Debt
Flnanceleases						(26,456)	11,114	(15,342)
						(26,456)	11,114	(15,342)
Total						144,271	(1,889)	142,382

DONATIONS	AND LEGACIES	AND LEGACIES
			2022	2021
			E	6
Donations			3,226	109
Grants			1322	9,628
			4,538	9,737
Grants received, Induded		In the above, are asfollows:
			2022	2021
			f	F.
Coronavlrus	Job Retention	Scheme	1312	9,628
OTHER TRADING ACTIVITIES
			2022	2021
			E	E
Shop Income			17,873	26,118
INVESTMENT INCOME
			2022	2021
			E	f
Rents received			22,458	7r483
Deposit account Interest			27	207
			22,485	7,690

							2022	2021
			Activity				6	E
Boarding pupgs			School fees receivable				211,227	230,123
Day pupils			School fees receivable				1,701,321	1,481,572
Pupils extras			Other educational		Income		131,998	108,009
Nursery			Other educational		income		79,225	54,486
Early years funding			Other educational		Income		66,548	46,567
SEN funding			Other educational		Income		42,947	53,345
							7,233,266	1,974,102
RAISING FUNDS
Other trading	actMtles
							2022	2021
							E	6
Purchases							12,982	22,756
CHARITABLE	ACIIVITIES COSTS
							Support
						Direct	costs (see
						Costs	note 8)	Totals
						E	E	E
Teaching costs						118,590		118,590
Staff costs						1,522,910		1,522,910
Support and	welfare costs					226,763	29,680	256,443
Premises costs						408,695		408,695
Ffn an dog costs						2,054	6,392	8,446
Depredation	costs					35,780		35,780
						2,314,792	36,072	2,350,864
SUPPORT COSIS
							Governance
						Finance	costs	Totals
						E	E	E
support and	welfare costs						29,680	29,680
Financing costs						6,392		6,392
						6,392	29,680	36,072
NET INCOME/(EXPENDITURE)
Net Income/(expenditure)		Isstated	after charging/(crediting):
							2022	2021
							E	6
Auditors' rernuneratlon							4,650	5,370
Depreciation	-owned assets						22,946	23,974
Depreciation-	assets on hire purchase			contracts and finance leases			12,834	12,834
Accountancy	fees						11,277	10,188

Trustees' expenses
					2022	2021
					E	6
Trustees' expenses					409	59
Expenses were reimbursed		to one trustee during the		year for travel expenses.
STAFF COSTS
					2022	2021
					6	6
Wages and salaries Sodal security costs Other pension costs					1,252,834 107,049 160,166	1,185,805 99,344 160,834
					1,520,049	1,445,983
The average monthly	number ofemployees		during the year was as follows:
					2022	2021
Teaching staff Domestic staff					37 16	34 16
Administration staff					6	5
					59	55
The number ofemployees		whose employee	benefits	(excluding employer	pension casts) exceeded 660000was:
					2022	2021
E60,001-E70,000					1	1

COMPARATRIES FOR THE STATEMENT OF FINANCIAL AC	ITVITIFS
	Unrestdcted	Restricted	Total
	fund	fund	funds
	6	6	E
INCOME AND ENDOWMENTS FROM
Donations and legacies	9,737		9,737
Charitable activities
School fees receivable	1,711,695		1,711,695
Other educational Income	262,407		262,407
Other trading activities Investment Income	26,118 7,690		26,118 7,690
Other Income	1,490		1,490
Total	2,019,137		2,019,137
EXPENDITURE ON
Raising funds	22,756		22,756

					Unrestricted	Restricted	Total
					fund	fund	funds
					E	E	F.
Charitable actlvltles
Teaching costs					63,309		63,309
Staff costs					1,445,983		1,445,983
Support and welfare			costs		272,645		272,645
Premises costs					173,927		173,927
Hnandng costs					8,027		8,027
Depreclatlon costs					36,807		36,807
Total					2,023,454		2,023,454
NET INCOME/(EXPENDITURE)					(4,317)		(4,317)
RECONCIUATION	OF		FUNDS
Totaf funds brought		forward			1,510,586		1,510,586
TOTAL FUNDS CARRIED FORWARD					1,506,269		1,506,269
TANGIBLE FIXEDASSETS
				Freehold	Plant and	Motor
				property E	machinery f	vehkles E	Totals E
COST
At 1September 2021			and 31August 2022	1,878,737	557,177	85,559	2,521,473
DEPRECIATION
At 1September 2021				298,970	518,382	35,121	852,473
Charge foryear				17,127	5,819	12,834	35,780
At 31August 2022				316,097	524,201	47,955	888,253
NET BOOK VALUE
At 31August 2022				1,562,640	32,976		1,633,220
At31August 2021				1,579,767	38,795	50,438	1,669,000
Hxed assets, Included			In the above, which are held under hire purchase		contracts are as follows:
							Motor
							vehicles
							E
COST
At 1September 2021			and 31August 2022				85,559
DEPRECIATION
At 1September 2021							38,502
Charge for year							12,834
At 31August 2022							51,336
NET BOOK VALUE
At 31August 2022							34,223
At 31August 2021							47,057

14,	STOCKS
						2022	2021
						6	E
	Stocks					38,217	32,517
15.	DEBTORS'.AMOUNTS			FALUNG DUE WITHIN ONE YEAR
						2022	2021
						6	f
	Trade debtors					516,072	520,214
	Otherdebtors					95
	Prepayments	and accrued Income				120,348	39,069
						636,515	559,283
16.	CREDITORS'.AMOUNTS				FALUNG DUE WITHIN DNE YEAR
						2022	2021
						F.	E
	Hire purchase		(see note		18)	11,114	11,114
	Trade creditors					61,477	25,727
	Sodal security Other creditors		and other		taxes	28,203 20,487	26357 19,973
	Accruals and	deferred		Income		859,620	761,579
						980,901	844,650
17.	CREDITORS: AMOUNTS				FALLING DUE AFTER MORE THAN ONE YEAR
						2022	2021
						E	6
	Hire purchase Accruals and	(see note 18) deferred Income				4,228 54,775	15~2 65,266
						59,003	80,608

against fees char	geable In	the future.
				2022	2021
				E	6
Opening balance				4,091	4,091
New deposits
Fee payments				(4,091)
Closing balance					4,091
LEASING AGREEMENTS
Minimum lease	payments	fall due as follows:
			Hire	purchase	contracts
			2022		2021
			6		f
Net obligations repayable: Within one year Between one and five years			11,114 4,228		11,114 15,342
			15342		26,456

LEASING AG	R	EEM	ENTS - co	ntin	ued
									Non-cancegable	operating
									leases
									2022	2021
									f	E
Within one	year								21,154	8,445
Between one		and	five years						31,200	7,774
									52,354	16,219
SECURED DEBTS
The following		secured debts		are	included	within creditors:
									2022	2021
									E	E
Hire purchase		contracts							15,342	26,456
The hire purchase			Rabgity Is	secured on the underlying			assets.
MOVEMENT	IN FUNDS
									Net
									movement	At
								At 1.9.21	In funds	31.8.22
								6	6	E
Unrestricted	funds
General fund								1,506,269	(80,497)	1,425,772
TOTAL FUNDS								1,506,269	(80,497)	1,425,772
Net movement		In funds, Induded			In the above are as		follows:
								Incoming	Resources	Movement
								resources	expended	In funds
								E	E	E
Unrestricted	funds
General fund								2,283,349	(2,363,846)	(80,497)
TOTALFUNDS								2,283,349	(2,363,846)	(80,497)
Cornparatives		for moyement		In funds
									Net
									movement	At
								At19.20	In funds	31.8.21
								E	E	E
Unrestrlr ted	funds
General fund								1,510,586	(4,317)	1,506,269
TOTAL FUNDS								1,510,586	(4,317)	1,506,269