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|---|---|---|---|
|Governors'|Annual
Report|||
|Reference|and administrative|information||
|Governors'|Annual
Report|||
|Strategic Report||||
|Governors'|Annual
Report|||
|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|
|---|---|---|---|---|---|
|Charity|Name||||Hallfield
School Trust|
|Charity|Registration||Number||528956|
|Company||Registration||Number|00631045|
|Registered||Office|||48 Church Road|
||||||Edgbaston|
||||||Birmingham|
||||||B153SJ|
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|rocedur|es
are e|st|ablishe|d||in o|rde|r to|mana|ge|tho|se 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|"j|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 stem Failure|||||||||||||
|As with|most modern|||businesses,||||the|School||is|An IT review was conducted
at the year end to help|
|heavily|reliant on||Information||||Technology|||for|its|review the health of the network
and operations.
A|
|day to|day operations.|||||||||||plan of improvement
was then implemented
in the|
|||||||||||||new
year
and
will
be
reviewed
throughout|
|||||||||||||2022/2023.|
|Child Protection||5Safe||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 500 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 which
is tested|
|||||||||||||periodically;
the school has regular
fire protection|
|||||||||||||and safety audits.|
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||||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:|||||||
|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:|||||||
|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:|||||||
|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||||
|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:||||
|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|
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|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|||||||
|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|
##
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|||||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|
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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 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|
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|Unrestricted
funds|Unrestricted
funds|Unrestricted
funds|||||
|---|---|---|---|---|---|---|
|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|
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