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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|
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|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.|
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|||||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|
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|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|||
##
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||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|
##
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|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|||||||||
##
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##
|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|
##
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