| Page | |||
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| Governors' | Annual Report |
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| Reference | and administrative | information | |
| Governors' | Annual Report |
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| Strategic Report | |||
| Governors' | Annual Report |
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| Structure, | Governance and |
Management | |
| Report of | the Independent | Auditors | 14 |
| Statement | of Financial Activities | 18 | |
| Balance Sheet | 20 | ||
| Cash flow | Statement | 21 | |
| Notes forming part ofthe Financial Statements | 22 |
| he Dire | ctors and Tr | ctors and Tr | ust | ees are pl | eased to present their |
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| Charity | Name | Hallfield School Trust |
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| Charity | Registration | Number | 528956 | ||
| Company | Registration | Number | 00631045 | ||
| Registered | Office | 48 Church Road | |||
| Edgbaston | |||||
| Birmingham | |||||
| B153SJ |
| rocedur | es are e |
st | ablishe | d | in o | rde | r to | mana | ge | tho | se risks which include: | |
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| Risk | Mitigating Factors |
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| Reduction in u |
il headcount | |||||||||||
| An unforeseen | significant | fall | in | pupil | numbers | Regular parent drop-ins are held by the Senior |
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| could | place the | school | under | operational | and | Management Team to enable parents to provide |
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| financial pressure |
within | an academic | year. | feedback. Parent surveys ensure that concerns are |
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| identified and appropriate action is taken. The |
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| School maintains reserves to provide emergency |
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| funding. | ||||||||||||
| Ins ection Re ime Failure | ||||||||||||
| The Independent | School's | Inspectorate's | ("ISI | "j | We monitor changes to guidance and compliance. |
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| Inspection regime |
changes | regularly | as | Senior members of our team are ISI inspectors and |
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| legislation and statutory |
guidance | are | updated. | underwent an ISI inspection in February 2019, |
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| where the school was judged to be outstanding in all |
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| areas. | ||||||||||||
| ITS stem Failure | ||||||||||||
| As with | most modern | businesses, | the | School | is | An IT review was conducted at the year end to help |
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| heavily | reliant on | Information | Technology | for | its | review the health of the network and operations. A |
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| day to | day operations. | plan of improvement was then implemented in the |
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| new year and will be reviewed throughout |
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| 2022/2023. | ||||||||||||
| Child Protection | 5Safe | uardin | ||||||||||
| Keeping children | safe while | they are at | school | or | The School adheres to legislation and guidance on |
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| on an |
activity organised |
by | the | School | is our | recruitment, child protection and Health &Safety. A |
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| highest | priority. | "ring of steel" prevents entry to the site except at |
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| secure points. The School operates a CCTV system |
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| to help maintain site security, A Paxton key card |
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| security system was introduced in 2016 on all |
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| external doors and gates, and provides a lockdown |
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| environment. | ||||||||||||
| Natural | and other disasters | |||||||||||
| With over 500 pupils, the | school | is at | risk | from | Advice from a variety of professional bodies is |
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| health | epidemics, | fire and | flooding. | constantly reviewed to ensure adherence to the |
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| latest Coronavirus guidance. |
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| A crisis management plan is in place which is tested |
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| periodically; the school has regular fire protection |
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| and safety audits. |
| 2022 | 2022 | 2022 | 2021 | |||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| Funds | Funds | Funds | Funds | |||
| Note | f | f | f | f | ||
| Income and endowments | from: | |||||
| Donations and legacies |
5,320 | 920 | 6,240 | 12,147 | ||
| Investment income |
3,503 | 3,503 | 1,054 | |||
| Charitable activities |
7,606,567 | 7,606,567 | 6,793,175 | |||
| Tota I income and endowments | 7,615,390 | 920 | 7,616,310 | 6,806,376 | ||
| Expenditure on: |
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| Charitable activities |
6,676,957 | 1,327 | 6,678,284 | 5,813,539 | ||
| Total expenditure | 6,676,957 | 1,327 | 6,678,284 | 5,813,539 | ||
| Net income /(expenditure) | for the | year | 938,433 | (407) | 938,026 | 992,837 |
| Reconciliation offunds: |
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| Funds brought forward at |
1September 2021 | 7,685,495 | 46,452 | 7,731,947 | 6,739,110 | |
| Totalfundscarriedforwardat31August2022 | 8,623,928 | 46,045 | 8,669,973 | 7,731,947 |
| 2021 | 2021 | 2021 | 2020 | |||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| Funds | Funds | Funds | Funds | |||
| Note | f | f | E | |||
| Income and endowments | from: | |||||
| Donations and legacies |
9,843 | 2,304 | 12,147 | 10,549 | ||
| Investment income |
1,021 | 33 | 1,054 | 9,511 | ||
| Charitable activities |
6,793,698 | (523) | 6,793,175 | 6,488,952 | ||
| Total income and endowments | 6,804,562 | 1,814 | 6,806,376 | 6,509,012 | ||
| Expenditure on: |
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| Charitable activities |
5,812,232 | 1,307 | 5,813,539 | 5,910,175 | ||
| Total expenditure | 5,812,232 | 1,307 | 5,813,539 | 5,910,175 | ||
| Net income for the year | 992,330 | 507 | 992,837 | 598,837 | ||
| Reconciliation offunds: | ||||||
| Funds brought forward at |
1September 2020 | 6,693,165 | 45,945 | 6,739,110 | 6,140,273 | |
| Total funds carried forward | at 31 | August 2021 | 7,685,495 | 46,452 | 7,731,947 | 6,739,110 |
| HALLFIELD SCHOOL TRUST | HALLFIELD SCHOOL TRUST | HALLFIELD SCHOOL TRUST | |||||
|---|---|---|---|---|---|---|---|
| BALANCE SHEET | |||||||
| Company | Number: 00631045 | ||||||
| as | at | 31August 2022 | |||||
| Note | 2022 | 2021 | |||||
| f | |||||||
| Fixed assets | |||||||
| Intangible | Assets | 735 | 819 | ||||
| Tangible assets | 5,996,603 | 4,880,035 | |||||
| 5,997,338 | 4,880,854 | ||||||
| Current assets | |||||||
| Debtors due after more than | |||||||
| one year | 738,481 | 746,927 | |||||
| Debtors due within | one year | 293,719 | 274,847 | ||||
| Stock | 11,565 | 16,592 | |||||
| Cash at bank and | |||||||
| in hand | 3,270,263 | 3,201,679 | |||||
| 4,314,028 | 4,240,045 | ||||||
| Creditors: | amounts | falling due | |||||
| within | |||||||
| one year | 10 | (1,440,041) | (1,183,547) | ||||
| Net current | |||||||
| assets | 2,873,987 | 3,056,498 | |||||
| Total assets less current | |||||||
| liabilities | 8,871,325 | 7,937,352 | |||||
| Creditors: amounts | falling due | ||||||
| after more | than one year | 10 | (201,352) | (205,405) | |||
| 8,669,973 | 7,731,947 | ||||||
| Restricted funds | 12 | 46,045 | 46,452 | ||||
| Unrestricted | |||||||
| funds | 13 | 8,623,928 | 7,685,495 | ||||
| 8,669,973 | 7,731,947 |
| Reconciliation ofnet income |
to net cash flow from | 2022 | 2021 |
|---|---|---|---|
| operating activities |
f | ||
| Net income for the year | 938,026 | 992,837 | |
| Interest receivable | (3,503) | (1,054) | |
| Depreciation and amortisation |
offixed assets | 438,224 | 387,244 |
| Loss/(Profit) on disposal offixed assets |
(385) | (2,138) | |
| Decrease in stock | 5,027 | 3,499 | |
| Increase in debtors |
(10,426) | (15,269) | |
| Decrease in creditors | 252,441 | 292,190 | |
| Net cash flow from operating | activities | 1,619,404 | 1,657,308 |
| Cash flow from investing activities |
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| Proceed from the sale offixed | assets | 1,706 | 2,832 |
| Payments to acquire fixed assets | (1,556,029) | (668,485) | |
| Interest received | 3,503 | 1,054 | |
| Net cash flow from investing | activities | (1,550,820) | (664,599) |
| Net increase in cash and cash | equivalents | 68,584 | 992,709 |
| Cash and cash equivalents at |
1September | 3,201,679 | 2,208,970 |
| Cash and cash equivalents at |
31August | 3,270,263 | 3,201,679 |
| Cash and cash equivalents consists of: |
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| Cash at bank and in hand | 3,270,263 | 3,201,679 |
| Balance at 1 | Balances at | ||
|---|---|---|---|
| September | Cash flow | 31August | |
| 2021 | f | 2022 | |
| f | f | ||
| Cash | 3,201,679 | 68,584 | 3,270,263 |
| Total | 3,201,679 | 68,584 | 3,270,263 |
| Investment I |
ncome | ||||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| f | E | ||||||
| Bank Interest | —Unrestricted | Funds | 3,503 | 1,021 | |||
| Bank Interest | —Restricted | Funds | 33 | ||||
| 3,503 | 1,054 | ||||||
| Income | |||||||
| 2022 | 2021 | ||||||
| f | f | ||||||
| Net incoming | resources | are stated after | charging: | ||||
| Depreciation | —(note 8) | 438,140 | 387,106 | ||||
| Amortisation | —Intangible | Asset | (note 7) | 84 | 138 | ||
| Amortisation | —Lease Premium | (note 9) | 8,446 | 8,446 | |||
| Auditors' remuneration |
—audit | services | (exclusive of VAT) | 14,400 | 11,250 | ||
| Auditors' remuneration |
—non-audit services (exclusive ofVAT) |
575 | |||||
| Operating lease rental —plant, |
machinery | &vehicles | 30,246 | 27,355 | |||
| 2022 | 2021 | ||||||
| f | E | ||||||
| Income from | Charitable | Activities - Unrestricted | |||||
| School fees | 7,390,750 | 6,596,468 | |||||
| Less: Assisted | Places | (206,264) | (122,533) | ||||
| Net Fee Income | 7,184,486 | 6,473,935 | |||||
| Other educational income |
344,173 | 172,985 | |||||
| Other ancillary income | 77,908 | 53,903 | |||||
| Government | grants | 92,875 | |||||
| 7,606,567 | 6,793,698 |
| 5.1 Total e | xpenditure | xpenditure | ||||
|---|---|---|---|---|---|---|
| Year ended | 31August | Other | ||||
| 2022 | Staff costs | costs | Depreciation | Total 2022 | ||
| f | f | f | f | |||
| Charitable | activities | (note 6) | ||||
| Teaching | 3,148,996 | 497,450 | 138,784 | 3,785,230 | ||
| Welfare | 465,249 | 20,233 | 485,482 | |||
| Premises repair and | 341,616 | 667,130 | 287,569 | 1,296,315 | ||
| maintenance | ||||||
| Support costs and | 809,691 | 286,301 | 84 | 1,096,076 | ||
| governance | ||||||
| Grants and | prizes | 15,181 | 15,181 | |||
| Total charitable | ||||||
| expenditure | 4,300,303 | 1,931,311 | 446,670 | 6,678,284 | ||
| Year ended | 31August | Other | ||||
| 2021 | Staff costs | costs | Depreciation | Total 2021 | ||
| f | f | f | ||||
| Charitable | activities | (note 6) | ||||
| Teaching | 2,902,248 | 296,922 | 131,057 | 3,330,227 | ||
| Welfare | 407,120 | 14,286 | 421,406 | |||
| Premises repair and |
285,475 | 554,115 | 250,208 | 1,089,798 | ||
| maintenance | ||||||
| Support costs and | 724,662 | 238,293 | 138 | 963,093 | ||
| governance | ||||||
| Grants and | prizes | 9,015 | 9,015 | |||
| Tota I charitable |
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| expenditure | 3,912,385 | 1,505,465 | 395,689 | 5,813,539 | ||
| 5.2 Grants, awards and prizes | ||||||
| 2022 | 2021 | |||||
| f | f | |||||
| From restricted funds | ||||||
| Maths prize | 25 | 25 | ||||
| From unrestricted | funds | |||||
| Flowers, prizes and | leaving | presents | 13,185 | 8,990 | ||
| 13,210 | 9,015 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| f | f | ||||
| Remuneration | paid | to auditor for audit services | 14,400 | 13,500 | |
| Reimbursement | of | personal | expenses to governors —travel costs | ||
| Other governance | costs | 2,765 | 1,413 | ||
| 17,165 | 14,913 | ||||
| Staff costs and | numbers | ||||
| 2022 | 2021 | ||||
| Total | Total | ||||
| f | f | ||||
| Salaries and wages | 3,433,139 | 3,177,261 | |||
| Social security | 299,538 | 269,158 | |||
| Pension costs | 487,382 | 444,251 | |||
| 4,220,059 | 3,890,670 | ||||
| Agency staff costs | 80,244 | 21,715 | |||
| 4,300,303 | 3,912,385 |
| The average numbe | r of |
employe | es during the year was: |
||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| No. | No. | ||||
| Teaching staff | 41 | 38 | |||
| Teaching assistants | and | nursery | nurses | 40 | 44 |
| Domestic staff | 17 | 16 | |||
| Office and management | staff | 19 | 16 | ||
| 117 | 114 |
| including benefits but excluding employer pensi |
on contributions, in excess off60,00 |
0: |
|---|---|---|
| 2022 | 2021 | |
| No. | No. | |
| 660,001 - f70,000 | 2 | 2 |
| 680,001 —690,000 | 1 | |
| E90,001 - 6100,000 | ||
| 2140,001 - f150,000 | ||
| f150,001 —F160,000 |
| Trademark | |
|---|---|
| Licence | |
| Cost | f |
| As at 1September 2021 | 840 |
| Additions | |
| Disposals | |
| At 31August 2022 | 840 |
| Depreciation | f |
| As at 1September 2021 | 21 |
| Charge | 84 |
| Disposals | |
| At 31August 2022 | 105 |
| Net Book Value | f |
| At 31August 2022 | 735 |
| At 1September 2021 | 819 |
| HALLFIELD SCHOOL TRUST | HALLFIELD SCHOOL TRUST | ||||
|---|---|---|---|---|---|
| NOTES TO THE FINANCIAL STATEMENTS | |||||
| Year ended 31August 2022 | |||||
| 8. | Tangible fixed assets | Freehold | Long Term | Fixtures | |
| Land & | Leasehold | Fittings & | |||
| Buildings f |
Property f |
Equipmentf | Total f |
||
| Cost | |||||
| At 1September 2021 Additions |
546,581 | 6,838,471 1,301,135 |
1,078,245 254,894 |
8,463,297 1,556,029 |
|
| Disposa ls At 31August 2022 |
546,581 | 8,139,606 | (6,360) 1,326,779 |
(6,360) 10,012,966 |
|
| Depreciation At 1September 2021 Charge Disposals At 31August 2022 |
82,863 10,133 92,996 |
2,911,385 278,449 3,189,834 |
589,014 149,558 (5,039) 733,533 |
3,583,262 438,140 (5,039) 4,016,363 |
|
| Net Book Value | |||||
| At 31August 2022 | 453,585 | 4,949,772 | 593,246 | 5,996,603 | |
| At 31August 2021 | 463,718 | 3,927,086 | 489,231 | 4,880,035 |
| Debtors: amo | unts | due within one year | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| f | ||||
| Trade debtors | 116,684 | 104,670 | ||
| Other debtors | 8,446 | 8,446 | ||
| Prepayrnents | and | accrued income | 168,589 293,719 |
161,731 274,847 |
| Debtors: amounts | due after more than one year | |||
| 2022 | 2021 | |||
| f | f | |||
| Lease Premium | 738,481 | 746,927 |
| 2022 | 2021 | ||
|---|---|---|---|
| f | f | ||
| Fees in advance | 483,688 | 318,325 | |
| Trade creditors | 252,287 | 336,672 | |
| Other creditors | 362,135 | 369,456 | |
| Accruals and deferred | income | 250,688 | 70,446 |
| Deferred rental charge | 4,054 | 4,054 | |
| Other tax and social security | 87,189 | 84,594 | |
| 1,440,041 | 1,183,547 |
| Creditors: | amoun | ts falling due after more tha |
n one year | |
|---|---|---|---|---|
| 2022 | 2021 | |||
| f | ||||
| Deferred | Rental | Charges | 201,352 | 205,405 |
| 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 2022 | Balances at | Balances at | ||||||
| 1September | Incoming | Outgoing | 31August | |||||
| 2021 | Resources | Resources | 2022 | |||||
| f | f | f | ||||||
| Pavilion | Appeal | Fund | 10,132 | (1,282) | 8,850 | |||
| Rigby Bursary | 14,213 | 14,213 | ||||||
| Hardship | Fund | 17,995 | 900 | (10) | 18,885 | |||
| Gifted and Talented | Fund | 3,357 | 3,357 | |||||
| Stanley | Owen Allday | Memorial | 50 | 50 | ||||
| Ranjeen | Neelima | Memorial | 180 | (25) | 155 | |||
| Award | ||||||||
| Make a | Difference | Fund | 525 | 20 | (10) | 535 | ||
| 46,452 | 920 | (1,327) | 46,045 | |||||
| At 31August 2021 | Balances at | Balances at | ||||||
| 1September | Incoming | Outgoing | 31August | |||||
| 2020 | Resources | Resources | 2021 | |||||
| f | f | E | f | |||||
| Pavilion | Appeal | Fund | 11,414 | (1,282) | 10,132 | |||
| Rigby Bursary | 14,199 | 14 | 14,213 | |||||
| Hardship | Fund | 16,218 | 1,777 | 17,995 | ||||
| Gifted and Talented | Fund | 3,354 | 3 | 3,357 | ||||
| Stanley | Owen Allday | Memorial | 50 | 50 | ||||
| Ranjeen | Neelima | Memorial | 205 | (25) | 180 | |||
| Award | ||||||||
| Make a | Difference | Fund | 505 | 20 | 525 | |||
| 45,945 | 1,814 | (1,307) | 46,452 |
| Unrestricted funds |
Unrestricted funds |
Unrestricted funds |
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|---|---|---|---|---|---|---|
| At 31August | Balances at 1 | |||||
| 2022 | September | Incoming | Outgoing | Balances at 31 | ||
| 2021 | Resources | Resources | August 2022 | |||
| f | f | E | ||||
| General | Fund | 7,185,495 | 7,615,390 | (6,676,957) | 8,123,928 | |
| Designated | fund | 500,000 | 500,000 | |||
| Total | 7,685,495 | 7,615,390 | (6,676,957) | 8,623,928 | ||
| At 31August | Balances at 1 | |||||
| 2021 | September | Incoming | Outgoing | Balances at 31 | ||
| 2020 | Resources | Resources | August 2021 | |||
| f | ||||||
| General | Fund | 6,193,165 | 6,804,562 | (5,812,232) | 7,185,495 | |
| Designated | fund | 500,000 | 500,000 | |||
| Total | 6,693,165 | 6,804,562 | (5,812,232) | 7,685,495 |
| Analysis of net assets between fun |
ds | ||
|---|---|---|---|
| At 31August 2022 | General | Restricted | |
| funds | funds | Total | |
| f | f | E | |
| Fixed assets | 5,988,488 | 8,850 | 5,997,338 |
| Net current assets | 2,098,311 | 37,195 | 2,135,506 |
| Long term debtors | 738,481 | 738,481 | |
| Long term liabilities | (201,352) | (201,352) | |
| 8,623,928 | 46,045 | 8,669,973 | |
| At 31August 2021 | General | Restricted | |
| funds | funds | Total | |
| E | f | f | |
| Fixed assets | 4,870,722 | 10,132 | 4,880,854 |
| Net current assets | 2,273,251 | 36,320 | 2,309,571 |
| Long term debtors | 746,927 | 746,927 | |
| Long term liabilities | (205,405) | (205,405) | |
| 7,685,495 | 46,452 | 7,731,947 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Land and | Land and | ||||
| buildings f |
Other f |
buildings f |
Otherf | ||
| Leases | expiring: | ||||
| Within | one year | 100,000 | 26,852 | 100,000 | 30,246 |
| Within | 2 —5years | 487,500 | 7,014 | 462,500 | 34,808 |
| Over five years | 27,641,677 | 27,766,677 | |||
| 28,229,177 | 33,866 | 28,329,177 | 65,054 |