2020-08-31-accounts - Hallfield School Trust

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				Page
Governors'	Annual Report
Reference	and admlnlstratlve		Information
Governors'	Annual Report
Strategic Report
Governors'	Annual Report
Structure,	Governance and		Management
Report of	the Independent	Auditors		14
Statement	of Financial Activities			17
Balance Sheet				18
Cash flow	Statement			19
Notes forming part ofthe		Financial Statements		20

rocedur		es are est	ablishe	d		in o	rde	r to	mana	ge		thos	e risks which include:
Risk													Mitigating Factors
Reduction in u			il headcount
An unforeseen significant						fall	in	pupil	numbers				Regular parent drop-ins are held by the Senior
could	place the		school		under		operational				and		Management Team to enable parents to provide
financial		pressure	within		an academic year.								feedback. Parent surveys ensure that concerns are identified and appropriate action is taken. The
													School maintains reserves to provide emergency
													funding.
Ins ection Re ime Failure
The Independent			School's			Inspectorate's				("ISI")			We monitor changes to guidance and compliance.
Inspection regime				changes				regularly				as	Senior members of our team are ISI inspectors and
legislation and statutory					guidance			are	updated.				underwent an ISI inspection in February 2019,
													where the school was judged to be outstanding in all
													areas.
~ITS t		F 01~
As with		most modern		businesses,				the	School			is	Cyber security risks are monitored closely. Off-site
heavily		reliant on Information					Technologyfor					its	data backups help to protect vital information and
day to	day operations.												would ease re-configuration should a failure occur.
Child Protection			Ik Safe		uardin
Keeping		children	safe while			they are at			school			or	The School adheres to legislation and guidance on
on an		activity organised				by	the	School		is	our		recruitment, child protection and Health &Safety. A
highest		priority.											"ring of steel" prevents entry to the site except at
													secure points. The School operates a CCTV system
													to help maintain site security. A Paxton key card
													security system was introduced in 2016 on all
													external doors and gates, and provides a lockdown
													environment.
Natural		and other disasters
With over 600 pupils, the						school		is at	risk	from			Advice from a variety of professional bodies is
health	epidemics,		fire and			flooding.							constantly reviewed to ensure adherence to the
													latest Coronavirus guidance.
													A crisis management plan is in place; the school has
													regular fire protection and safety audits.

				2020	2020	2020	2019
				Unrestricted	Restricted	Total	Total
				Funds	Furids	Funds	Funds
		Note		E	f	f	E
Income and endowments	from:
Donations and legacies				10,000	549	10,549	1,254
Investment income				9,411	100	9,511	9,839
Charitable activities				6,488,952		6,488,952	6,605,173
Total income and endowments				6,508,363	649	6,509,012	6,616,266
Expenditure on:
Charitable activities			5	5,908,868	1,307	5,910,175	5,993,211
Total expenditure				5,908,868	1,307	5,910,175	5,993,211
Net income / (expenditure)	for the	year		599,495	(658)	598,837	623,055
Reconciliation offunds:
Funds brought forward at	1September		2019	6,093,670	46,603	6,140,273	5,517,218
Total funds carried forward	at 31August		2020	6,693,165	45,945	6,739,110	6,140,273

			HALLFIELD SCHOOL TRUST	HALLFIELD SCHOOL TRUST	HALLFIELD SCHOOL TRUST
			BALANCE SHEET
			Company	Number: 00631045
			as at	31August 2020
			Note			2020		2019
						E		E
Fixed assets
Intangible	Assets					117		245
Tangible	assets					4,600,190		4,640,667
						4,600,307		4,640,912
Current assets
Debtors	due after more than one
year					755,372		763,732
Debtors	due within one year				251,133		149,434
Stock					20,090		16,251
Cash at bank and		in hand			2,208,970		1,875,771
					3,235,565		2,805,188
Creditors: amounts		falling due within
one year				10	(887,303)		(1,092,313)
Net current	assets					2,348,262		1,712,875
Total assets	less current		liabilities			6,948,569		6,353,787
Creditors: amounts		falling due after
more than one year				10		(209,459)		(213,514)
						6,739,110		6,140,273
Restricted funds				12		45,945		46,603
Unrestricted	funds			13		6,693,165		6,093,670
						6,739,110		6,140,273

			HALLFIELD	SCHOOL TRUST	SCHOOL TRUST
			CASH FLOW STATEMENT
			Year ended	31August	2020
Reconciliation ofnet income to net cash flow				from operating		2020	2019
activities						E	E
Net income for the year						598,837	623,055
Interest receivable						(9,511)	(9,839)
Depreciation and amortisation		offixed assets				344,790	259,900
Loss on disposal offixed assets							1,200
(Increase)in stock						(3,839)	(119)
(Increase) / decrease in debtors						(93,339)	110,095
(Decrease) / increase in creditors						(209,065)	130,428
Net cash flow from operating		activities				627,873	1,114,720
Cash flow from investing	activities
Payments to acquire fixed	assets					(304,185)	(933,083)
Interest received						9,511	9,839
Net cash flow from investing activities						(294,674)	(923,244)
Net increase in cash and	cash	equivalents				333,199	191,476
Cash and cash equIvalents	at 1September 2019					1,875,771	1,684,295
Cash and cash equivalents	at 31August 2020					2,208,970	1,875,771
Cash and cash equivalents	consists		of:
Cash at bank and in hand						2,208,970	1,875,771
Analysis of changes in net	debt
			Balance at		1		Balances at
				September		Cash flow	31August
				2019		6	2020
					f		f
Cash				1,875,771		333,199	2,208,970
Total				1,875,771		333,199	2,208,970

Investment I	ncome
						2020	2019
						f	f
Bank Interest	—Unrestricted		Funds			100	9,677
Bank Interest	—Restricted		Funds			9,411	162
						9,511	9,839
Income
						2020	2019
						E	E
Net incoming	resources	are stated after			charging:
Depreciation	—(note 8)					344,662	259,772
Amortisation	—Intangible	Asset		(note 7)		128	128
Loss on disposal offixed		assets					1,200
Amortisation	—Lease Premium			(note 9)		8,446	8,532
Auditors' remuneration		—audit		services	(exclusive of VAT)	11,000	10,600
Auditors' remuneration		—non-audit services (exclusive of VAT)				875	1,195
Operating lease rental —plant, machinery					&vehicles	38,368	46,115
						2020	2019
						E	f
Income from	Charitable	Activities - Unrestricted
School fees						6,007,444	6,264,734
Less: Assisted	Places					(119,324)	(119,917)
Net Fee Income						5,888,120	6,144,817
Other educational income						197,973	405,351
Other ancillary income						48,010	55,005
Government	grants					354,849
						6,488,952	6,605,173

5.1 Total e	xpenditure	xpenditure
Year ended	31August			Other
2020			Staff costs f	costs f	Depreciationf	Total 2020 f
Charitable	activities		(note 6)
Teaching			3,173,739	211,578	112,574	3,497,891
Welfare				344,280	11,368	355,648
Premises repair and			249,894	494,437	229,166	973,497
maintenance
Support costs and			771,327	306,079	128	1,077,534
governance
Grants and	prizes			5,605		5,605
Total charitable
expenditure			4,194,960	1,361,979	353,236	5,910,175
Year ended	31August			Other
2019			Staff costs	costs	Depreciation	Total 2019
			E	f	f	f
Charitable	actlvltles		(note 6)
Teaching			3,264,440	254,298	93,645	3,612,383
Welfare				449,487	6,964	456,451
Premises repair and			246,700	600,027	167,609	1,014,336
maintenance
Support costs and			594,113	308,757	128	902,998
governance
Grants and	prizes			7,043		7,043
Total charitable
expenditure			4,105,253	1,619,612	268,346	5,993,211
5.2 Grants, awards and prizes
					2020	2019
					E	f
From restricted funds
Maths prize					25
From unrestricted		funds
Flowers, prizes and		leaving	presents		5,605	7,043
					5,630	7,043

				2020	2019
				f
Remuneration	paid	to auditor for audit services		13,200	12,720
Reimbursement	of	personal	expenses to governors —travel costs	436	616
Other governance		costs		3,252	3,551
				16,888	16,887
Staff costs and	numbers
				2020	2019
				Total	Total
				E	E
Salaries and wages				3,392,084	3,405,690
Social security				266,712	296,082
Pension costs				472,858	346,153
				4,131,654	4,047,925
Agency staff costs				63,306	57,328
				4,194,960	4,105,253

The average numbe	r of	employe	es during the year was:
				2020	2019
				No.	No.
Teaching staff				43	40
Teaching assistants	and	nursery	nurses	45	55
Domestic staff				14	16
Office and management		staff		17	15
				119	126

The table below shows details ofemployees wh including benefits, in excess ofE60,000:	o on an annualised basis received rem	uneration,
	2020	2019
	No.	No.
E60,000 —E70,000	1
E70,000 - E80,000
E80,000 —E90,000
F90,000 - E100,000
E110,000 —E120,000
E140,000 —E150,000

	Trademark
	Licence
Cost	E
As at 1September 2019	1,280
Additions
At 31August 2020	1,280
Depreciation	E
As at 1September 2019	1,035
Charge	128
At 31August 2020	1,163
Net BookValue	E
At 31August 2020	117
At 1September 2019	245

Tangible fixed assets
	Freehold	Long Term	Fixtures
	Land &	Leasehold	FIttings &
	BuIldings	Property	Equipment	Total
	E	E	E	E
Cost
At 1September 2019	551,837	6,301,357	1,995,762	8,848,956
Additions		161,232	142,953	304,185
Transfers	(5,064)	(816)	5,880
Disposals	(192)	(4,253)	(1,332,065)	(1,336,510)
At 31August 2020	546,581	6,457,520	812,530	7,816,631
Depreciation
At 1September 2019	63,187	2,464,658	1,680,444	4,208,289
Charge	10,410	220,720	113,532	344,662
Transfers	(675)	(103)	778
Disposals	(192)	(4,253)	(1,332,065)	(1,336,510)
At 31August 2020	72,730	2,681,022	462,689	3,216,441
Net BookValue
At 31August 2020	473,851	3,776,498	349,841	4,600,190
At 31August 2019	488,650	3,836,699	315,318	4,640,667

Included	in freehold	in freehold	in freehold	land	and	buildings	is an amount	of E39,947 (2019:f39,947) relating to	of E39,947 (2019:f39,947) relating to
freehold	land	which		is not	depreciated.
Debtors:	amounts		due within			one year
								2020	2019
								f	f
Trade debtors								92,656	25,226
Other debtors								8,446	8,532
Prepayments		and accrued			income			150,031	115,676
								251,133	149,434
Debtors:	amounts		due after more than				one year
								2020	2019
								f	f
Lease Premium								755,372	763,732

		2020	2019
		E	f
Feesin advance		181,796	313,821
Trade creditors		217,528	350,545
Other creditors		337,673	308,615
Accruals and deferred	income	62,983	37,931
Deferred rental charge		4,054	4,054
Other tax and social security		83,269	77,347
		887,303	1,092,313

reditors:	amoun	ts falling due after more tha	n one year
			2020	2019
			f	f
Deferred	Rental	Charges	209,459	213,514

ofdonations and gra	ofdonations and gra	ofdonations and gra	ofdonations and gra	nts, held on	trust, to be applied	for specific pur	poses, as follow	s:
At 31August 2020					Balances at			Balances at
					1September	Incoming	Outgoing	31August
					2019	Resources	Resources	2020
					f	f	f	f
Pavilion	AppealFund				12,696		(1,282)	11,414
Rigby Bursary					14,157	42		14,199
Hardship	Fund				15,687	531		16,218
Gifted and Talented				Fund	3,344	10		3,354
Stanley	Owen Allday			Memorial	50			50
Ranjeen	Neelima		Memorial		229		(25)	205
Award
Make a	Difference		Fund		440	65		505
					46,603	649	(1,307)	45,945
At 31August 2019					Balances at			Balances at
					1September	Incoming	Outgoing	31August
					2018	Resources	Resources	2019
						f	f	f
Pavilion	Appeal	Fund			13,978		(1,282)	12,696
Rigby Bursary					14,087	70		14,157
Hardship	Fund				14,799	888		15,687
Gifted and Talented				Fund	3,327	17		3,344
Stanley	Owen Allday			Memorial	50			50
Ranjeen	Neelima		Memorial
Award					228	1		229
Make a	Difference		Fund			440		440
					46,469	1,416	(1,282)	46,603
Capital funds

fNil) for the School's Unrestricted funds	fNil) for the School's Unrestricted funds	fNil) for the School's Unrestricted funds	prize in mathematics	.
At 31August 2020			Balances at 1			Balances
			September			at 31
			2019	Incoming	Outgoing	August
				Resources	Resources	2020
			E		E	f
General	Fund		5,593,670	6,508,363	(5,908,868)	6,193,165
Designated		fund	500,000			500,000
Total			6,093,670	6,508363	(5,908,868)	6,693,165
At 31August 2019			Balances at 1			Balances
			September			at 31
			2018	Incoming	Outgoing	August
				Resources	Resources	2019
			E		E	f
General	Fund		4,970,749	6,614,850	(5,991,929)	5,593,670
Designated		fund	500,000			500,000
Tota I			5,470,749	6,614,850	(5,991,929)	6,093,670

Analysis ofnet assets between fun	ds
At 31August 2020	General	Restricted
	funds	funds	Total
	f	f	f
Fixed assets	4,588,893	11,414	4,600,307
Net current assets	1,558,359	34,531	1,592,890
Long term debtors	755,372		755,372
Long term liabilities	(209,459)		(209,459)
	6,693,165	45,945	6,739,110
At 31August 2019	General	RestrIcted
	funds	funds	Total
	f	f	f
Fixed assets	4,628,216	12,696	4,640,912
Net current assets	915,236	33,907	949,143
Long term debtors	763,732		763,732
Long term liabilities	(213,514)		(213,514)
	6,093,670	46,603	6,140,273

		2020		2019
		Land and		Land and
		buildings f	Other f	buildings f	Other f
Leases	expiring:
Within	one year	100,000	24,810	100,000	32,850
Within	2 —5years	437,500	29,073	412,500	2,654
Over five years		27,891,677		28,016,677
		28,429,177	53,883	28,529,177	35,504