2023-08-31-accounts - St Hugh's School (Woodhall Spa) Limited

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TRUSTEES		R DI Bussell - Chairman	R DI Bussell - Chairman
		TJ Bogg
		Mrs CM Twigg
		W M Phelan
		Mrs J C Vincent
		Mrs E C Would
		Dr R M Sharpe
		I RTyler
		A Mansergh
		Mrs K A Pindar
REGISTERED OFFICE		Cromwell Avenue
		Woodhall Spa
		Lincolnshire
		LN10 6TQ
REGISTERED COMPANY NUMBER		00796794 (England	and	Wales)
REGISTERED CHARITY NUMBER		527611
INDEPENDENT	AUDITORS	Wright Vigar Limited
		Statutory Auditors
		Chartered Accountants		Jk Business Adviser
		15 Newland
		Lincoln
		Lincolnshire
		LN1 1XG
BANKERS		Barelays Bank pic
		65 Lumley Road
		Skegness
		Lincolnshire
		PE25 3LU
ACCOUNTANTS		Duncan &Toplis Limited
		18Northgate
		Sleaford
		Lincolnshire
		NG34 7BJ

					2023	2022
			Unrestricted	Restricted	Total	Total
			fund	fund	funds	funds
		Notes	E	E	E	E
INCOME AND ENDOWMENTS	FROM
Donations and legacies			2,383		2,383	4,538
Charitable activities
School fees receivable			1,811,846		1,811,846	1,912,548
Other educational income			477,207		477,207	320,718
Other trading activities Investment income			26,178 33,899		26,178 33,899	17,873 22,485
Otherincome			4,316		4,316	5,187
Total			2,355,829		2,355,829	2,283,349
EXPENDITURE ON
Raising funds			18,125		18,125	12,982
Charitable activities
Teaching costs Staff costs			215,398 1,706,084		215,398 1,706,084	118,590 1,522,910
Support and welfare costs Premises costs			256,361 187,521		256,361 187,521	256,443 408,695
Financing costs Depreciation costs			8,298 36,273		8,298 36,273	8,446 35,780
Total			2,428,060		2,428,060	2,363,846
NET INCOME/(EXPENDITURE)			(72,231)		(72,231)	(80,497)
RECONCILIATION OF FUNDS
Total funds brought forward			1,425,772		1,425,772	1,506,269
TOTAL FUNDS CARRIED FORWARD			1,353,541		1,353,541	1,425,772

				2023	2022
		Unrestricted	Restricted	Total	Total
		fund	fund	funds	funds
	Notes	E	6	E	E
FIXED ASSETS
Tangible assets	13	1,606,053		1,606,053	1,633,220
CURRENTASSETS
Stocks	14	36,319		36,319	38,217
Debtors	15	700,810		700,810	636,515
Cash at bank and in hand		55		55	157,724
		737,184		737,184	832,456
CREDITORS
Amounts falling due within one year	16	(926,923)		(926,923)	(980,901)
NET CURRENT ASSETS		(189,739)		(189,739)	(148,445)
TOTAL ASSETSLESSCURRENT LIABILITIES		1,416,314		1,416,314	1,484,775
CREDITORS
Amounts falling due after more than one year	17	(62,773)		(62,773)	(59,003)
NET ASSETS		1,353,541		1,353,541	1,425,772
FUNDS	21
Unrestri«ted funds				1,353,541	1,425,772
TOTALFUNDS				1,353,541	1,425,772

FOR THE YEAR ENDED 31	AUGUST	202	3
						2023	2022
					Notes	6	5
Cash flows from operating	activities
Cash generated from operations						(155,804)	138
Interest paid						(155)
Interest element of hire purchase		payments			paid	(2,232)	(2,054l
Net cash used in operating	activities					(158,191)	(1,916)
Cash flows from investing	activities
Purchase oftangible fixed	assets					(9,106)
Interest received						1,089	27
Net cash (used in)/provided	by mvesting			activities		(8,017)	27
Cash flows from financing	activities
New hire purchase agreements						7,434
Hire purchase repayments	in year					(12,972)	(11,114)
Net cash used in finanong	activities					(5,538)	(11,114)
Change in cash and cash equivalents			in	the
reporting period						(171,746)	(13,003)
Cash and cash equivalents	atthe	beginning			of
the reporting period						157,724	170,727
Cash and cash equivalents	at the	end	ofthe
reporting period						(14,022)	157,724

RECONCILIATION	O	F NE	T EX	PEND	ITURE TO NET	CASH FLOW FROM OPERAT	ING ACTIVIT	IES
								2023	2022
								f	6
Net expenditure	for	the	reporting		period (as per	the Statement of Financial
activities)								(72,231)	(80,497)
Adjustments for:
Depreciation charges								36,273	35,780
Interest received								(1,089)	(27)
Interest paid								155
Interest element	of hire		purchase		and finance lease rental payments			2,232	2,054
Decrease/(increase)		in stocks						1,898	(5,700)
Increase in debtors								(64,295)	(77,232)
(Decrease)/increase		in creditors						(58,747)	125,760
Net cash (used in)/provided				by operations				(155,804)	138
ANALYSIS OF CASH AND			CASH EQUIVALENTS
								2023	2022
								6	f
Cash in hand								54	500
Notice deposits (less		than 3 months)						1	157,224
Overdrafts included		in bank loans			and overdrafts	falling due within one year		(14,077)
Total cash and cash equivalents								(14,022)	157,724
ANALYSIS OF CHANGES			IN NET FUNDS/(DEBT)
						At	1.9.22	Cash flow	At 31.8.23
							6	f	6
Net cash
Cash at bank and	in	hand					157,724	(157,669)	55
Bank overdraft								(14,077)	(14,077)
							157,724	(171,746)	(14,022)
Debt
Finance leases							(15,342)	5,538	(9,804)
							(15,342)	5,538	(9,804)
Total							142,382	(166,208)	(23,826)

DONATIONS	AND LEGACI	ES
			2023	2022
			E	E
Donations			2,383	3,226
Grants				1,312
			2,383	4,538
Grants received, included		in the above, are as follows:
			2023	2022
			f	E
Coronavirus	iob Retention	Scheme		1,312
		Page 16		continued. ..

FORT	HE YEAR ENDED 31AUGUST 2023	HE YEAR ENDED 31AUGUST 2023
3.	OTHER TRADING ACTIVITIES
							2023	2022
							f	5
	Shop income						26,178	17,873
4.	INVESTMENT	INCOME
							2023	2022
							f	E
	Rents received						32,810	22,458
	Deposit account interest						1,089	27
							33,899	22,485
	INCOME FROM CHARITABLE ACTIVITIES
							2023	2022
			Activity				E	E
	Boarding pupils		School fees receivable				165,038	211,227
	Day pupils		School fees receivable				1,646,808	1,701,321
	Pupils extras		Other educational	mco	me		246,024	131,998
	Nursery		Other educational	income			98,166	79,225
	Early years funding		Other educational	income			73,359	66,548
	BEN funding		Other educationalincome				59,658	42,947
							2,289,053	2,233,266
6.	RAISING FUNDS
	Other trading	activities
							2023	2022
							E	E
	Purchases						18,125	12,982
7.	CHARITABLE ACTIVITIES COSTS
							Support
						Direct	costs(see
						Costs	note 8)	Totals
						E	f	E
	Teaching costs					215,398		215,398
	Staff costs					1,706,084		1,706,084
	Support and welfare costs					238,132	18,229	256,361
	Premises costs					187,521		187,521
	Financing costs					2,387	5,911	8,298
	Depreciation	costs				36,273		36,273
						2,385,795	24,140	2,409,935

				Governance
			Finance	costs	Tote Is
			f	6	E
Support and	welfare costs			18,229	18,229
Financing costs			5,911		5,911
			5,911	18,229	24,140
NET INCOME/(EXPENDITURE)
Net income/(expenditure)		is stated after charging/(crediting);
				2023 6	2022f
Auditors' remuneration				6,030	4,650
Depreciation	- owned assets			22,324	22,946
Depreciation	-assets on hire purchase contracts and finance leases			13,949	12,834
Accountancy	fees			6,798	11,277

There were no trustees'	There were no trustees'	remuneration	or	other	benefits	for the year	ended 31 August	2023 nor for	the year ended
31August 2022.
Trustees' expenses
								2023	2022
								6	f
Trustees' expenses									409
Expenses were reimbursed		to one trustee	in	the prior year for travel expenses.
STAFF COSTS
								2023	2022
								E	6
Wages and salanes								1,393,261	1,252,834
Social security costs								123,052	107,049
Other pension costs								187,585	160,166
								1,703,898	1,520,049
The average monthly	number of employees			during	the year	was as follows:
								2023	2022
Teaching staff								41	37
Domestic staff								16	16
Administration staff								6	6
								63	59
The number ofemployees		whose employee		benefits (excluding employer			pension costs) exceeded f60,000was:
								2023	2022
660,001 - 670,000									1
670,001-680,000
					Page 17				continued. ..

COMPARATIVES FOR THE STA	TEMENT OF FINANCIAL A	CTIVITIES
		Unrestricted	Restricted	Total
		fund	fund	funds
		E	E	f
INCOME AND ENDOWMENTS	FROM
Donations and legacies		4,538		4,538
Charitable activities
School fees receivable		1,912,548		1,912,548
Other educational income		320,718		320,718
Other trading activities		17,873		17,873
Investment income		22,485		22,485
Otherincome		5,187		5,187
Total		2,283,349		2,283,349
EXPENDITURE ON
Raismg funds		12,982		12,982
Charitable activities
Teaching costs		118,590		118,590
Staff costs		1,522,910		1,522,910
5upport and welfare costs		256,443		256,443
Premises costs		408,695		408,695
Financing costs		8,446		8,446
Depreciation costs		35,780		35,780
Total		2,363,846		2,363,846
NET INCOME/(EXPENDITURE)		(80,497)		(80,497)
RECONCILIATION OF FUNDS
Total funds brought forward		1,506,269		1,506,269
TOTAL FUNDS CARRIED FORWARD		1,425,772		1,425,772


3.	TANGIBLE FIXEDASSETS
		Freehold	Plant and	Motor
		property E	machinery 6	vehicles f	Totals 6
	COST
	At 1September 2022	1,878,737	557,177	85,559	2,521,473
	Additions		9,106		9,106
	At 31August 2023	1,878,737	566,283	85,559	2,530,579
	DEPRECIATION
	At 1September 2022	316,097	524,201	47,955	888,253
	Charge for year	17,127	6,312	12,834	36,273
	At 31August 2023	333,224	530,513	60,789	924,526
	NET BOOK VALUE
	At 31August 2023	1,545.513	35,770	24,770	1,606,053
	At 31August 2022	1,562,640	32,976	37,604	1,633,220
	Fixed assets, included	in the above, which are held under hire purchase	contracts are as follows:
			Plant and	Motor
			machinery	vehicles	Totals
			f	f	6
	COST
	At 1September 2022			85,559	85,559
	Additions		7,434		7,434
	At 31August 2023		7,434	85,559	92,993
	DEPRECIATION
	At 15eptember 2022			51,336	51,336
	Charge for year		1,115	12,834	13,949
	At 31August 2023		1,115	64,170	65,285
	NET BOOK VALUE
	At 31August 2023		6,319	21,389	27,708
	At 31August 2022			34,223	34,223
14.	STOCKS
				2023	2022
				6	6
	Stocks			36,319	38,217

								2023	2022
								6	6
Trade debtors								630,987	516,072
Other debtors								23	95
Prepayments	and accrued income							69,800	120,348
								700,810	636,515
CREDITORS: AMOUNT5					FALLING DUE WITHIN ONE YEAR
								2023	2022
								6	5
Bank loans and		overdrafts (see note 18)						14,077
Hire purchase		(see note			19)			5,606	11,114
Trade creditors								44,747	61,477
Social security		and	other		taxes			30,678	28,203
Other creditors								88,483	20,487
Accruals and	deferred			income				743,332	859,620
								926,923	980,901
CREDITORS: AMOUNTS					FALLING DUE AFTER MORE THAN ONE YEAR
								2023	2022
								6	E
Hire purchase		(see note			19)			4,198	4,228
Accrua la and	deferred			income				58,575	54,775
								62,773	59,003
Deferred income			represents			the fees in advance	scheme, This is cash received	m advance for fees which	will be applied
against fees chargeable					in the	future.
								2023	2022
								f	6
Opening balance									4,091
New deposits
Fee payments									(4.091)
Closing balance
LOANS
An analysis of		the	maturity ofloans is given below:
								2023	2022
								f	E
Amounts falling due within one year on demand:
Bank overdrafts								14,077

									Hire purchase contracts	Hire purchase contracts
									2023	2022
									6	6
Net obligations	repayable:
Within one year									5,606	11,114
Between one	and	five years							4,198	4,228
									9,804	15,342
									Non-cancellable	operating
									leases
									2023	2022
									f	6
Within one year									16,494	21,154
Between one	and five years								29,496	31,200
									45,990	52,354
SECURED DEBTS
The fallowing	secured debts are included					within creditors:
									2023	2022
									6	6
Bank overdraft									14,077
Hire purchase	contracts								9,804	15,342
									23,881	15,342
The bank overdraft			is secured against the land and buildings ofthe school.
The hire purchase			liability	&ssecured on the underlying			assets.
MOVEMENT	IN	FUNDS
									Net
									movement	At
								At 1.9.22	in funds	31.8.23
								f	6	6
Unrestricted	funds
General fund								1,425,772	(72,231)	1,353,541
TOTALFUNDS								1,425,772	(72,231)	1,353,541
Net movement		in	funds, included		in the	above are as	follows:
								Incoming	Resources	Movement
								resources 6	expended f	in funds f
Unrestricted	funds
General fund								2,355,829	(2,428,060)	(72,231)
TOTALFUNDS								2,355,829	(2,428,060)	(72,231)

							Net
							movement	At
						At 1.9.21	in funds	31.8.22
						f	6	f
Unrestricted	funds
General fund						1,506,269	(80,497)	1,425,772
TOTAL FUNDS						1,506,269	(80,497)	1,425,772
Comparative	net movement		in funds, included	in the above are	as follows:
						Incoming	Resources	Movement
						resources	expended	in funds
						6	6	6
Unrestricted	funds
General fund						2,283,349	(2,363,846)	(80,497)
TOTALFUNDS						2,283,349	(2,363,846)	(80,497)
A current year 12months		and pnor year 12months combined			position	is as follows:
							Net
							movement	At
						At 1.9.21	in funds	31.8.23
						6	6	6
Unrestricted	funds
General fund						1,506,269	(152,728)	1,353,541
TOTALFUNDS						1,506,269	(152,728)	1,353,541

		Incoming	Resources	Movement
		resources	expended	in funds
		f		6
Unrestricted	funds
General fund		4,639,178	(4,791,906)	(152,728)
TOTAL FUNDS		4,639,178	(4,791,906)	(152,728)