2021-08-31-accounts

Company Registration No. 844804 Charity Registration No. 529112

Moorfield School Limited

(a company limited by guarantee and not having a share capital)

Trustees' Annual Report and Audited Financial Statements

For the year ended 31 August 2021

Moorfield School Limited

Contents:

Trustees' Annual Report	Pages	1	- 7
(incorporating the Directors' Report)
(including Statement of Trustees' Responsibilities)
Independent Auditor's Report	Pages	8	- 10
Statement of Financial Activities	Page		11
(including Income and Expenditure account)
Balance Sheet	Page		12
Statement of Cash Flows	Page		13
Notes to the Financial Statements	Pages	14	- 24

Moorfield School Limited Trustees' Annual Report for the year ended 31 August 2021 (incorporating the Directors' Report)

Company Registration No. 844804 Charity Registration No. 529112

The trustees, who are also the directors for the purposes of company law, present their annual report and the independently audited financial statements for the year ended 31 August 2021 which are also prepared to meet the requirements for a directors' report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)'.

Administrative details

Company Registration Number: 844804 Charity Registration Number: 529112

Trustees/Governors	Trustees/Governors	M.R. Alton (Chair)	M.R. Alton (Chair)
		C. Butcher
		A. Coad		appointed 28 September 2021
		J. Disley
		M. Hartley		appointed 25 May 2021
		R. Hartley		retired 28 September 2021
		S. Hinchliffe
		W. Newman		appointed 25 May 2021
		F. Schneider		retired 25 May 2021
		M. Smith		retired 25 May 2021
		R. Wallace		appointed 25 May 2021
Key Management: Head		P. Waterland T. Herbert		retired 25 May 2021
Bursar and	Secretary	I. Findlay		appointed 1 September 2021
		R.M. Thompson		retired 31 August 2021
Charity Office/Registered Office:		Moorfield School
		Wharfedale Lodge
		11 Ben Rhydding Road
		Ilkley
		LS29 8RL
Website:	www.moorfieldschool.co.uk
Advisers:	Bankers: Barclays Bank	Plc	10 Market	Street, Bradford, BD1 1NR
	Auditors: Forrest Burlinson		20 Owl Lane, Dewsbury, WF12 7RQ
	Solicitors: Squire Patton	Boggs	Park Lane,	Leeds, LS3 1ES
Investments: JM Finn & Co			33 Park Place, Leeds, LS1 2RY

Purpose and activities

Moorfield School is an independent school for the education of children up to the age of eleven.

The charity has the following core aims and values:

We offer excellence in education inspiring kindness, confidence and creativity.

Page 1

Moorfield School Limited Trustees' Annual Report for the year ended 31 August 2021 (incorporating the Directors' Report)

Company Registration No. 844804 Charity Registration No. 529112

• This is achieved by:

• l Nuturing and celebrating every individual;

• l Providing a calm and purposeful academic environment where each pupil can make excellent progress from their level of ability;

• l Enabling, through a rich and creative curriculum, many areas for pupils to shine;

• l Building character to facilitate curiosity, independence, perseverance, resilience and good humour.

Statement on public benefit

The trustees are pleased to confirm that they have considered the Charity Commission's guidance on public benefit in deciding the activities and operations of the charity and trust that this report, together with the information on www.moorfieldschool.co.uk, demonstrates this.

Achievements and performance

We have continued to develop the school in many areas to provide an inspirational education and a happy childhood experience for all our pupils. It is a priority to extend such opportunity to as many pupils as we can, widening access to families who ordinarily would be unable to afford a private education. We have continued, through means tested bursaries, to offer places to children whose parents feel they would benefit from an education at Moorfield.

Within the overall means tested bursaries we offer, there are a number of transformational bursaries awarded to parents who would not be able to afford our fees and would not normally consider private education.

Case Study 1: An award was made to a family for a pupil in year 4, who made a move to a state primary but did not settle and academic progress suffered as a result. The pupil comes from a single parent family and the parent is in an essential keyworker role, so a significant discount was offered and accepted.

Case Study 2: Two brothers have joined the school in Years 5 and 3. They attended a local state primary where their learning needs were not being met, particularly the elder child whose dyslexia had not been identified and had struggled academically with very little support. Both pupils are talented musicians (drums, guitar and keyboard) and will be an asset to Moorfield as nurturing musicians is a particular strength of the school.

Case Study 3: A pupil in Year 6 (who joined in Year 4) with a non-hearing parent, benefits from being in school where British Sign Language (BSL) has been developed as an important part of the curriculum. Since his arrival, this area of the curriculum has been developed further, so that all assemblies and other parental events are tailored.

Every child is able to make academic progress as each one is considered an individual and stretched from their level of ability. Without a one-sized-fits-all approach, children are able to be themselves and work hard to make personal gains both academically and socially. Specialised support for intervention groups and individuals enables everyone to achieve their potential. Academic progress is assessed through annual GL assessments, which shows that pupils perform well above the national average with the differential growing as they proceed through the school. It should be noted that during the covid pandemic lockdown, the school continued to teach a full school day, albeit remotely. Even choir, music and art lessons continued. The result at the end of the academic year in 2021 was that nearly all children had made significant progress with only a handful of children needing further intervention and support once schools were allowed to reopen. The EYFS, where the teaching is fully child-led and where children spend much of the day outside, produces children who love life and learning. Results across all seven areas of learning were, once again, exceptional.

Page 2

Moorfield School Limited Trustees' Annual Report for the year ended 31 August 2021 (incorporating the Directors' Report)

Company Registration No. 844804 Charity Registration No. 529112

Moorfield develops children who are confident, resourceful, with a love of learning, providing a springboard to successful senior school attainment. As in previous years all leavers went to their first choice of senior school whether within the independent sector or to a state school. All children taking the 11+ exam for the local selective grammar school passed and all children taking common entrance exams to independent senior schools also passed.

The broad curriculum gives rich opportunities in music, drama, art and sport. Performing at festivals resulted in the adjudicator remarking that 'something special is going on at Moorfield' with regard to the musical opportunity given and standards achieved, with many pupils receiving distinctions in music exams. Drama lessons, taught by a professional actor, enable the children to exude confidence and vitality in performance.

Peripatetic drama teaching reinforces the children's confidence in performing and public speaking with many achieving distinctions in LAMDA examinations and in musical theatre examinations. Sport is enjoyed both in lessons, clubs and playtimes. Fixtures for boys and girls give competition in rugby, cricket, cross country, hockey, netball and rounders. We participate in the local cross-country league in order to be active in the local community. A local primary school uses our facilities for sport, and we join together for netball fixtures. Before lockdown, we participated in joint events with other local primary schools and intend to do this again, offering our multi-purpose pitch for after school sports.

Very strong pastoral care develops our own pupils and secures their wellbeing. A school ethos which encourages care and empathy for others enables positive outcomes in the community and beyond. Social responsibility is an important value to develop and we urge our children to consider the needs of others and put thoughts into actions. Buying Christmas presents through Traidcraft not only raised a large sum for the charity but also taught our children the benefit of supporting workers in the third world. Once again, our link with the Revival School in Matugga, Uganda has given our children a renewed sense of values. Our pupils participated in a number of fundraising activities during the year, including Children in Need, Macmillan Coffee Mornings, POPI (a local charity raising money for baby equipment for local families), Ilkley Playground Project, the mental health charity MIND and Climate Action Ilkley. This year we have made a harvest collection of food items for the Bradford Central Food Bank. We also donated a large collection of toiletries to Afghan refugees as part of our Languages Day. We have participated in the Mental Health Awareness Day in order to raise awareness of mental well-being in school, along with developing a mental health school policy and creating a small team of staff who specifically monitor mental well-being in school. We are sharing this with our local community through features written by the Head which are uploaded on our website. All who visit the website can read the latest 'Word from the Head.'

In order to offer a service to the community we offer our main hall twice a week for two adult choirs to rehearse, one afternoon and one evening to share our strength in music. We are a small school but we are able to share our facilities to enable community sports and dance groups to take place in the evenings and on weekends. This year, the school council is initiating fund raising activities to raise money so that the school can be a defibrillator location for the community, based on the school site but for local people to have access to.

A summary of our achievements during the reporting year:

• Exceptional standard of achievement at the end of EYFS.

• Evidence of strong academic achievement throughout the school showing very strong performance against the national average.

• Very successful remote learning during lockdown resulting in children continuing to make progress above national average.

• Senior school admission success with every child going to their first choice of senior school.

• A rise in the standard of art teaching.

• Quality of trips and visits to include residentials from Year 3 to Year 6.

Page 3

Moorfield School Limited Trustees' Annual Report for the year ended 31 August 2021 (incorporating the Directors' Report)

Company Registration No. 844804 Charity Registration No. 529112

• Development of computer science by employing a specialised computer science teacher.

• Developing a dedicated STEM curriculum, co-ordinated by our computer science specialist.

• A philosophy and reasoning curriculum, is being developed across school, led initially by the Form 3 teacher.

• A VLE was set up and ready within 2 weeks of enforced school closure.

• A full curriculum was taught throughout the whole of the lockdown period.

Impact of Coronavirus

Our virtual learning platform was available shortly after school closure, which enabled the children to be taught remotely. Whilst not all children were comfortable with the new learning environment we are confident that remote learning was successful overall, during the period that the School was closed.

On returning to school all pupils have been assessed to ensure they have not been disadvantaged by the school closure and any problems found have been addressed, for example the phonics curriculum was revisited for all form 1 children to ensure there were no gaps in their phonics knowledge. Prioritisation has been given to the mental well-being across school as for some children building up resilience and confidence again, is an important part of the return to school. From the summer of 2020, we have found that there has been a need for a greater focus and developing social skills and activities which encourage personal development. From a curriculum point of view, this has meant that teachers have had to plan for more PSHE lessons, circle and form time where children have greater opportunities to discuss issues relevant to them.

Substantial changes have had to be made to the school’s daily routine. Risk Assessments have been created to ensure we are compliant with Government advice. A number of revisions have taken place during the summer to ensure we are adapting to the Government’s changing advice.

The changes to the school’s operation can be summarised as:

• New systems for entering and exiting the school;

• Creation of “bubbles” for classes, leading to restricted mixing of pupils;

• Separate breaks and lunchtimes;

• Zoom meetings with parents, instead of “face to face”

• Enhanced cleaning regimes;

• Modification to music teaching, particularly with singing and wind instruments;

• Review of sporting activities with appropriate action taken;

• Restriction of local school trips, with all residential trips suspended.

The school participated in the Coronavirus Job Retention Scheme, when three claims were made between September and August, amounting to £19,161 for up to 21 members of staff. The School also received a grant of £12,328 from Bradford Metropolitan District Council. Despite being closed during the Spring term the School did not discount fees as it did in the summer term of 2020 when fees were discounted by 20%.

Financial review

The school fee income for the year was £799,662 (2020 £788,124) after deducting Bursary and Hardship Awards of £76,711 (2020 £128,467), representing 9% of total fee income.

The present level of income is sufficient to support the operation of the school and the trustees are pleased to report a surplus of £19,202 (2020 £12,808). Costs continue to be carefully controlled and total school overhead for the period, excluding depreciation, was £99,903 (2020: £98,000).

General funds at the end of the period were £1,381,059 (2020: £1,360,444). This includes £958,446 that could only be realised by disposing of tangible fixed assets. Free reserves are £422,613 (2020: £386,376).

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Moorfield School Limited Trustees' Annual Report for the year ended 31 August 2021 (incorporating the Directors' Report)

Company Registration No. 844804 Charity Registration No. 529112

A cash reserve has been accumulated over a number of years and is retained to fund operational activities and future improvements to the school's facilities. Investments stood at £403,383 (2020: £346,844). The portfolio is managed by our investment advisers and is made up of equities, equity funds, cash and fixed interest holdings.

Net current assets were £20,290 (2020 £42,005).

Reserves policy

The school policy is to invest retained surpluses in premises and facilities to support the development of the school, whilst ensuring that sufficient reserves are held to meet any contingencies as they arise.

The trustees continue to monitor reserves closely to ensure that sufficient reserves are available to meet potential threats to future income.

Plans for future periods

The school has invested heavily improving the grounds, building infrastructure and the nursery in recent years. The school’s Development Plan includes proposals for the continuing improvement of the school's infrastructure to ensure we have the best facilities possible. A full review of the current use of our building was undertaken during the year.

A class set of ipads was purchased in September 2021 and are being used fully across the school with great success.

The school will continue to invest in modern communications to ensure that we have the best facilities whilst reducing costs.

The school will continue to develop its curriculum to ensure aims and objectives of the school are met. The school plans to increase its marketing activity in both scope and geographical area, in order to increase school numbers, which is the greatest risk to the school's future.

Structure, Governance and Management

The Charity is a company limited by guarantee and not having a share capital is governed by its Memorandum and Articles of Association dated 6 April 1965 and last amended on 17 September 2019.

The directors of the Charity are its trustees for the purposes of charity law and throughout this report are referred to as the trustees. The trustees as Charity Trustees have control of the Charity and its property and funds.

Each member undertakes to contribute to the assets of the Charity in the event of the Charity being wound up, to a limit not exceeding £5 (five pounds).

The members of the Charity are its trustees.

The trustees named above have served throughout the year except where indicated.

The governing body has adopted its own "Governance, Aims and Policies" document which serves the purpose of recording the aims and policies upon which the governance of the school is conducted. The trustees seek to ensure that all the regulatory requirements are being met in practice, not just in in policy, these cover all areas of child protection and safeguarding; charity law and public benefit.

The governing body assesses to ensure the board has the necessary skills and experience to carry out its duties effectively and efficiently.

Page 5

Moorfield School Limited Trustees' Annual Report for the year ended 31 August 2021 (incorporating the Directors' Report)

Company Registration No. 844804 Charity Registration No. 529112

New trustees undergo an induction process into the workings of the board, the school, and the Charity as a limited company. This includes discussion with the Chair, the Head and provision of appropriate documentation. Trustees are encouraged to undertake any training appropriate to their role and all have received training in Child Protection.

Responsibility for the management and organisation of the school rests with the trustees, who meet at least once each term. The Finance Committee meets twice a year. In addition, Governors with specific responsibilities come into school as appropriate to keep themselves fully informed and to discharge their duties. The running of the school on a day-to-day basis is delegated to the Head and the Senior Management Team, in which the Bursar plays a key role.

The Head is a member of IAPS - The Independent Association of Preparatory Schools. This is a professional association for Heads of the leading 600 independent prep schools in the UK and Worldwide. All members are independent with their own ethos for the school they lead, but they are committed to delivering an excellent well-rounded education to pupils, whether by stretching out to the brightest pupils or dedicating special support and resources to those with a paricular need.

Pay policy for senior staff

The remuneration of key management personnel is agreed by the Trustees annually.

Risk management

The trustees have assessed the major risks to which the Charity is exposed and are satisfied that the systems in place are adequate. The trustees review and update the school's risk register over the year.

Major risks considered include: financial stability; school safety; pupil welfare and safeguarding; employment risks; and school trips. It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed.

The key controls used by the charity include:

• l formal agendas and minutes for all committee activity

• l comprehensive planning, budgeting and management accounting

• l established organisational structure and lines of reporting

• l formal written policies

• l clear authorisation and approval levels.

Statement of trustees' responsibilities

The trustees (who are also directors of Moorfield School Limited for the purposes of company law) are responsible for preparing the Trustees' Annual Report (incorporating the directors' report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs and of the income and expenditure of the charitable company company for that period.

In preparing the financial statements, the trustees are required to:

• l select suitable accounting policies and apply them consistently;

• l observe the methods and principles in the applicable Charities SORP;

• l make judgements and estimates that are reasonable and prudent;

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Moorfield School Limited Trustees' Annual Report for the year ended 31 August 2021 (incorporating the Directors' Report)

Company Registration No. 844804 Charity Registration No. 529112

• l state whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and

• l prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Articles of Association.

They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of disclosure to the auditors

In so far as the trustees are aware at the time of approving our Trustees' Annual Report:

• l there is no relevant information, being information needed by the auditors in connection with preparing their report, of which the charity's auditors are unaware; and

• l each trustee, having made enquiries of fellow trustees and the charity's auditor that they ought to have individually taken, have each taken all steps that he or she is obliged to take as a trustee/director in order to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

This report was approved by the trustees on 18 January 2022 and signed on their behalf by:

……………………………………………

M.R. Alton

Trustee Moorfield School Limited

Page 7

Moorfield School Limited Independent Auditor's Report to the members of Moorfield School Limited for the year ended 31 August 2021

Company Registration No. 844804

Charity Registration No. 529112

Opinion

We have audited the financial statements of Moorfield School Limited for the year ended 31 August 2021 which comprise the Statement of Financial Activities and Income and Expenditure Account, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies.

The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

• l give a true and fair view of the state of the charitable company's affairs as at 31 August 2021 and of its incoming resources and applications of resources, including its income and expenditure, for the year then ended;

• l have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• l have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard and the provisions available for small entities, in the circumstances set out in note 19 to the financial statements, and we have fulfilled

our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the related sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated.

Page 8

Moorfield School Limited Independent Auditor's Report to the members of Moorfield School Limited for the year ended 31 August 2021

Company Registration No. 844804

Charity Registration No. 529112

If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

• l the information given in the trustees' report, which includes the directors' report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• l the directors' report included within the trustees' report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

• l adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

• l the financial statements are not in agreement with the accounting records and returns; or

• l certain disclosures of trustees' remuneration specified by law are not made; or

• l we have not received all the information and explanations we require for our audit; or

• l the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the directors' report included within the trustees' report and from the requirement to prepare a strategic report.

Responsibilites of trustees

As explained more fully in the Trustees' Responsibilities Statement (set out on page 6), the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists.

Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Page 9

Moorfield School Limited Independent Auditor's Report to the members of Moorfield School Limited for the year ended 31 August 2021

Company Registration No. 844804

Charity Registration No. 529112

The extent to which the audit was considered capable of detecting irregularities including fraud

Our procedures and testing included but were not limited to the following.

We assessed the suspectibility of the charitable company's financial statements to material misstatement, in respect of irregularities, including fraud and non-compliance with laws and regulations, this also includes obtaining an understanding of how fraud might occur by:

• l making enquiries of management as to their assessment of the susceptibility to fraud, using the register of risks, their knowledge of actual, suspected and alleged fraud;

• l considering the internal controls in place to mitigate the risks of fraud and non-compliance with laws and regulations.

Due to the increased risk of fraud through management bias and overriding of controls, we:

• l performed analytical procedures to identify any unusual transactions or relationships;

• l tested journal entries for unusual transactions;

• l assessed judgements and assumptions made by management for potential bias;

• l considered the rationale for any significant or unusual transactions.

We also carried out procedures to:

• l agree the financial statement disclosures to the supporting records and documentation;

• l read the minutes of meetings of those charged with governance;

• l enquire of management as to any actual or potential litigation and claims; and

• l review relevant documentation and correspondence.

There are inherent limitations in our audit procedures. Auditing standards limit the audit procedures to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence. The further that particular laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance.

Material misstatements that arise due to fraud usually involve deliberate concealment or collusion, such material misstatements are harder to detect than those that arise from error.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

…………………………………………………………..

18 January 2022

Ebrahim Suleman (Senior Statutory Auditor) 20 Owl Lane for and on behalf of Forrest Burlinson, Statutory Auditor Shawcross Dewsbury WF12 7RQ

Page 10

Moorfield School Limited Statement of Financial Activities

Company Registration No. 844804 Charity Registration No. 529112

and Summary Income and Expenditure Account for the year ended 31 August 2021

----- Start of picture text -----
Total Total
Unrestricted Restricted funds funds
Note funds funds 2021 2020
£ £ £ £
Income from:
Donations and legacies
Gifts and donations 6,027 253 6,280 3,872
Charitable activities:
Operation of Moorfield School 2 918,437 -- 918,437 940,915
Investment income 3 1,778 -- 1,778 3,022
Total income 926,242 253 926,495 947,809
Expenditure on:
Raising funds:
Investment management costs 4,495 -- 4,495 3,634
Charitable activities:
Operation of Moorfield School 4 961,354 615 961,969 969,886
Total expenditure 965,849 615 966,464 973,520
Net gains/(losses) on investments 5 59,171 -- 59,171 38,519
Net income/(expenditure) 19,564 (362) 19,202 12,808
Transfers -- -- -- --
Net movement in funds 6, 15 19,564 (362) 19,202 12,808
Reconciliation of funds:
Total funds brought forward 1,362,360 557 1,362,917 1,350,109
Total funds carried forward 1,381,924 195 1,382,119 1,362,917
----- End of picture text -----

There were no recognised gains or losses in either year other than those included in the Statement of Financial Activities. All income and expenditure derives from continuing activities.

Page 11

Moorfield School Limited Balance Sheet as at 31 August 2021

Company Registration No. 844804 Charity Registration No. 529112

----- Start of picture text -----
Unrestricted
Total Total
2021 2020
Note £ £
Fixed assets:
Tangible fixed assets 11 958,446 974,068
Investments 12 403,383 346,844
Total fixed assets 1,361,829 1,320,912
Current assets
Debtors 13 84,783 66,177
Cash at bank and in hand 45,705 65,292
Total current assets 130,488 131,469
Creditors: amounts falling due within one year 14 110,198 89,464
Net current assets 20,290 42,005
Total assets less current liabilities 1,382,119 1,362,917
Net assets 1,382,119 1,362,917
Funds of the charity:
Restricted funds 15 195 557
Unrestricted income funds 15 1,381,924 1,362,360
Total charity funds 1,382,119 1,362,917
----- End of picture text -----

The notes on pages 14 to 24 form part of these accounts.

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and constitute the annual accounts� required by the Companies Act 2006 and are for circulation to members of the company.

The financial statements were approved by the Board on 18 January 2022 and signed on their�behalf by:

……………………………………………

M.R. Alton

Trustee

Page 12

Moorfield School Limited Statement of Cash Flows for the year ended 31 August 2021

Company Registration No. 844804 Charity Registration No. 529112

----- Start of picture text -----
Total Total
2021 2020
£ £
Cash flows from operating activities
Net income 19,202 12,808
Add back depreciation charge 27,102 28,781
(Gains)/losses on disposal of tangible fixed assets 2 95
(Gains)/losses on investments (59,171) (38,519)
Investment income (1,778) (3,022)
Interest payable - 39
Decrease (increase) in debtors (18,606) (12,736)
Increase (decrease) in creditors 21,827 (3,237)
Net cash generated from/(used in) operating activities (11,422) (15,791)
Cash flows from investing activities:
Investment income 1,778 3,022
Purchase of tangible assets (34,231) (2,404)
Proceeds from sale of investments 46,246 79,487
Purchase of investments (20,865) (85,823)
Net cash provided by (used in) investing activites (7,072) (5,718)
Cash flows from financing activities:
Payments of finance lease liabilities (1,093) (1,093)
-
Interest paid (39)
Net cash from(used in) financing activities (1,093) (1,132)
Change in cash and cash equivalents in the reporting period (19,587) (22,641)
Cash and cash equivalents at the beginning of the period 65,292 87,933
Cash and cash equivalents at the end of the period 45,705 65,292
Reconciliation of cash and cash equivalents
Bank and cash in hand 45,705 65,292
Total cash and cash equivalents 45,705 65,292
----- End of picture text -----

Page 13

Moorfield School Limited Notes to the financial statements for the year ended 31 August 2021

Company Registration No. 844804 Charity Registration No. 529112

1 Accounting Policies

The charitable company is a public benefit entity as defined by FRS 102.

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

1.1

Basis of preparation of accounts

The financial statements have been prepared in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)' - the Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Assets and liabilities are recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

As the charitable company does not trade for profit, the trustees have taken advantage of Section 474 of the Companies Act 2006 and have prepared an income and expenditure account instead of a profit and loss account.

1.2 Legal status

The charity is a company limited by guarantee registered in England.

The members of the charity are the Governors.

In the event of the charity being wound up, the liability in respect of the guarantee is limited to £5 per member.

The trustees of the charity are as listed in the Trustees Annual Report.

The registered office is: Wharfedale Lodge, Ben Rhydding Road, Ilkley, Leeds, LS29 8RL.

1.3 Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

There are no judgements (apart from those involving estimations) that management has made when applying the charity's accounting policies that have a significant effect on the amounts recognised in the financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows:

Determining residual values and useful economic lives of tangible fixed assets. The charity depreciates tangible assets over their estimated useful lives. The estimate of the useful lives of tangible assets is based on historic performance as well as expectations of future use. Assumptions of the future use of assets are made by relating the assets to the future plans of the charity.

1.4 Going concern

There are no material uncertainties about the charitable company's ability to continue as a going concern.

Page 14

Moorfield School Limited Notes to the financial statements for the year ended 31 August 2021

Company Registration No. 844804 Charity Registration No. 529112

1.5 Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds comprise unrestricted funds that the trustees have decided at their discretion to set aside for a particular purpose. The aim and use of each designated fund (if any) is set out in these notes. Restricted funds are subject to restrictions on their expenditure through the terms of a donation or contractual agreement. The purpose and use of each restricted fund (if any) is set out in these notes.

1.6 Income

Income is recognised when the following criteria are met:

• the charity has entitlement to the funds;

• any performance conditions attached to the item(s) of income have been met or are fully within the control of the charity;

• it is probable that the income will be received; and

• the amount can be measured reliably.

Income from donations includes amounts collected for charitable causes that are in the care of the charity where applicable these are recognised as restricted funds.

Fees and other charges are included based on those billed for the school year.

Income from grants, whether capital grants or revenue grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Donated services and facilities are included at the value to the charity where this can be quantified. In accordance with the Charities SORP (FRS 102) the economic contribution of volunteers time is not measured in the accounts.

Income received in advance of the provision of a service or entitlement is deferred until the criteria for income recognition are met and disclosed if material in the notes to the accounts.

Income from investments is included when receivable and the amount can be measured reliably, this is normally upon notification of the income by the investment manager.

1.7 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure of charitable activities includes the costs of operating Moorfield School, such as premises expenses, staff costs and associated support costs.

Expenditure is summarised under functional headings either on a direct cost basis or for overhead costs, apportioned according to management's estimation of staff time involved.

All costs and expenses include VAT where charged which is not recoverable by the charity.

Page 15

Moorfield School Limited Notes to the financial statements for the year ended 31 August 2021

Company Registration No. 844804 Charity Registration No. 529112

1.8 Operating leases

The charity classifies the leasing of printing and photocopying equipment as operating leases. The title to the equipment remains with the lessor and the equipment is replaced considerably before the end of the normal economic life of the equipment. Rental charges are recognised as expenditure on a straight line basis over the term of the lease. Any lease incentives are recognised as a reduction to the expense over the period of the lease.

1.9

Taxation

No corporation tax has been provided in these accounts because the trustees believe that the income and gains of the charity are within the exemptions granted by Chapters 2 and 3 of the Corporation Tax Act 2010.

1.10 Depreciation

Tangible assets are stated at cost less any accumulated depreciation and impairment losses. Depreciation was provided on all tangible fixed assets, at the rates below. No depreciation is provided with respect to land. As the directors are of the opinion that the residual value of the buildings will be at least as much as the original cost the economic cost is negligible, no depreciation has been provided. The other depreciation rates were as follows: Motor vehicles 25% reducing balance method Fixtures and fittings 20% reducing balance method IT equipment straight line over 3 years

1.11 Investments

Investments are stated at fair value (market value) at the reporting date.

All material investments held are within a professionally managed portfolio and have readily available market values.

1.12 Debtors

Debtors are recognised at the settlement amount due after any discount offered.

1.13 Cash at bank and in hand

Cash at bank and in hand includes cash and deposit accounts.

1.14 Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any discounts due.

1.15 Financial instruments

The charity has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently at their settlement value with the exception of bank loans which are measured at amortised cost using the effective interest method.

Page 16

Moorfield School Limited Notes to the financial statements for the year ended 31 August 2021

Company Registration No. 844804 Charity Registration No. 529112

1.16 Pensions

Retirement benefits to employees are provided by Teachers' Pensions (TP), which is a defined benefit scheme. The TP scheme is unfunded and contributions are calculated so as to spread the cost of pensions over employees' working lives in such a way that the pension cost is a substantially level percentage of current and future pensionable payroll. The contributions are determined by the Government Actuary on the basis of quadrennial valuations using a prospective unit credit method. TP is an unfunded multiemployer scheme with no underlying assets to assign between employers. Consequently, the TP scheme is treated as a defined contribution scheme for accounting purposes and the contributions recognised in the period to which they relate.

The charity also pays contributions to an auto enrolment scheme operated by Royal London, this is a defined contribution scheme whereby the contributions are recognised in the period to which they relate. The contributions paid to each staff pension scheme are outlined in note 10.

2 Income from charitable activities

Unrestricted Restricted Unrestricted funds 2021 Operation of the Moorfield School: £ Gross school fees 876,373 less: bursaries and scholarships (76,711) Net school fees 799,662 Add: Other fees and charges 85,118 Hire of rooms and concerts -- Coronavirus Job Retention Scheme grant 19,161 Bradford Council Early Education Funding grant 12,328 Sundry income 2,168 Total income from charitable activities -- 918,437 Unrestricted 3 Investment income Restricted Total 2021 £ £ Income from investments 1,744 Bank interest receivable 34 -- 1,778

Total 2020 £ 916,591 (128,467) 788,124 81,790 940 64,855 -- 5,206 940,915 Total 2020 £ 2,821 201 3,022

Page 17

Moorfield School Limited Notes to the financial statements

Company Registration No. 844804 Charity Registration No. 529112

for the year ended 31 August 2021

4 Expenditure on operating Moorfield School Unrestricted Restricted Total Total Total 2021 2021 2021 £ £ £ Teaching costs 687,744 -- 687,744 Welfare costs 58,173 -- 58,173 Premises costs 95,780 -- 95,780 Support costs 118,567 -- 118,567 Charity collections 1,090 615 1,705 961,354 615 961,969 5 Net gains/(losses) on investments Total 2021 £ Net realised gains/(losses) on investments 3,223 Net unrealised gains/(losses) on investments 55,948 59,171 6 Net movements in funds for the year Net movements in funds for the year is stated after charging: Total 2021 £ Operating leases - equipment 1,977 Depreciation 27,102 Loss on disposal of tangible fixed assets 2 Auditors' remuneration: Audit fees 4,800 Accountancy services 1,500 7 Support costs

Total 2020 £ 700,580 55,983 87,603 124,321 1,399 969,886 Total 2020 £ 16,950 21,569 38,519 Total 2020 £ 2,270 28,781 95 4,600 1,500

All support costs are incurred in the charity's one charitable purpose, operating Moorfield School.

Support staff salaries Other support costs Legal and professional fees Accounting and audit fees Depreciation	Total 2021 £ 73,918 36,253 126 6,300 1,970 118,567	Total 2020 £ 83,171 34,320 216 6,100 514 124,321

Page 18

Moorfield School Limited Notes to the financial statements for the year ended 31 August 2021

Company Registration No. 844804 Charity Registration No. 529112

8 Employees

The average monthly head count and the full time equivalent of	The average monthly head count and the full time equivalent of	employees was:
	2021	2021	2020	2020
	Number	FTE	Number	FTE
Teaching staff (No. staff members)	21	17	21	17
Premises (No. staff members)	12	4	13	3
Administration staff (No. staff members)	5	2	4	3
	38	23	38	23
The cost in respect of administration and teaching staff was:
Wages and salaries	note	Total 2021 £ 625,983		Total 2020 £ 630,799
Social security costs		46,333		46,521
Employer's contribution to pensions		101,032		100,302
		773,348		777,622

No employee had emoluments exceeding £60,000 in the year or the comparative year.

Total paid to key management in the year was £80,082 (2020: £73,337).

9 Trustee remuneration

No remuneration or expenses were paid to any trustee in the year for duties as a trustee.

10 Staff pensions

Employer contributions to Teachers' Pensions was £87,092 (2020: £85,316).

Teachers' Pensions (TP) is a statutory, contributory, defined benefit scheme, governed by the Teachers' Pension Scheme Regulations 2014. Membership is automatic for teachers, including (from 1 January 2007), teachers in part-time employment following appointment or a change of contract, although they are able to opt out. TP is an unfunded scheme and members contribute on a 'pay as you go' basis, these contributions along with those made by employers are credited to the Exchequer. Retirement and other pension benefits are paid by public funds provided by Parliament.

The school also operates a contributory pension scheme operated by Royal London, employer contributions to this scheme were £13,940 (2020: £14,986).

Page 19

Moorfield School Limited Notes to the financial statements for the year ended 31 August 2021

Company Registration No. 844804 Charity Registration No. 529112

11	Tangible fixed assets
		Land and	Fixtures	IT	Motor
		buildings	and fittings	equipment	vehicles	Total
	Cost	£	£	£	£	£
	as at 1 September 2020	890,946	269,673	77,462	32,867	1,270,948
	additions		3,145	8,336		11,481
	disposals			(14,840)		(14,840)
	as at 31 August 2021	890,946	272,818	70,958	32,867	1,267,589
	Depreciation
	as at 1 September 2020	--	205,786	66,863	24,231	296,880
	charge for the year	--	13,481	11,463	2,159	27,103
	eliminated on disposals			(14,840)		(14,840)
	as at 31 August 2021	--	219,267	63,486	26,390	309,143
	Carrying amount
	at 31 August 2021	890,946	53,551	7,472	6,477	958,446
	at 31 August 2020	890,946	63,887	10,599	8,636	974,068
12	Investments			Listed
	Market value at 1 September 2020			investments £ 319,930	Cash £ 26,914	Total £ 346,844
	Additions to investments at cost			20,865		20,865
	Disposals			(43,024)	22,750	(20,274)
	Net gain/(loss) on revaluation			55,948		55,948
	Market value at 31 August 2021			353,719	49,664	403,383
	Historical cost			201,506	49,664	251,170
	Classes of investments:				Total 2021	Total 2020
	Managed portfolio: UK Government bonds Equities Cash				£ 27,166 326,553 49,664	£ 26,183 293,747 26,914
					403,383	346,844
	All the above are managed and held in the UK.
13	Debtors due within one year			Total		Total
	Trade debtors			2021 £ 57,549		2020 £ 50,412
	Prepayments and accrued income			27,234		15,765
				84,783		66,177

Page 20

Moorfield School Limited Notes to the financial statements

Company Registration No. 844804 Charity Registration No. 529112

for the year ended 31 August 2021

14	Creditors amounts falling due within one year	Total		Total
		2021		2020
		£		£
	Trade creditors	14,628		9,784
	Social security and other taxes	--		7,754
	Deferred income	64,916		43,551
	Accruals	18,648		15,365
	Other creditors	12,006		13,010
		110,198		89,464
	Deferred income	Total		Total
	As at 1 September 2020	2021 £ 43,551		2020 £ 42,471
	Amount released to income	(31,685)		(29,706)
	Amount deferred in the year	53,050		30,786
	As at 31 August 2021	64,916		43,551
	Income is deferred where it is received in advance for fees due in the following		financial period
	and for deposits which are offset against future fees.
15	Analysis of charitable funds
	Analysis of movements in unrestricted funds
	Funds as at 1 September Income Expense 2020 £ £ £ General fund 1,360,444 926,203 (964,759)	Gains/ (losses) £ 59,171	Transfers £ --	Funds as at 31 August 2021 £ 1,381,059
	Total General 1,360,444 926,203 (964,759)	59,171	--	1,381,059

The General fund is the principal fund of the charity. The income produced is used to support the work of Moorfield School.

Page 21

Moorfield School Limited Notes to the financial statements for the year ended 31 August 2021

Company Registration No. 844804 Charity Registration No. 529112

Designated funds

Analysis of movements in designated funds

	Funds as at			Gains/		Funds as at	Funds as at
1 September		Income	Expense	(losses)	Transfers	31	August
	2020						2021
	£	£	£	£	£		£
General charity
collections	1,916	39	(1,090)	--	--		865
Total designated	1,916	39	(1,090)	--	--		865
This fund represents collections by		the school to make donations to other charities. Donations for
specific causes are included within		restricted funds below
Total unrestricted
funds	1,362,360	926,242	(965,849)	59,171	--	1,381,924
Analysis of movements in unrestricted funds - prior year
Funds as at 1 September		Income	Expense	Gains/ (losses)	Transfers	Funds as at 31 August
General fund	2019 £ 1,350,109	£ 943,937	£ (972,121)	£ 38,519	--	2020 £ 1,360,444
Total General	1,350,109	943,937	(972,121)	38,519	--	1,360,444
Analysis of movements in designated funds - prior year
Funds as at 1 September		Income	Expense	Gains/ (losses)	Transfers	Funds as at 31 August
General charity	2019 £	£	£	£	£		2020 £
collections	--	2,008	(92)	--	--		1,916
Total designated	--	2,008	(92)	--	--		1,916
Total unrestricted
funds	1,350,109	945,945	(972,213)	38,519	--	1,362,360

Page 22

Moorfield School Limited Notes to the financial statements for the year ended 31 August 2021

Company Registration No. 844804 Charity Registration No. 529112

Restricted funds

Analysis of movements in restricted funds

	Funds as at			Gains/		Funds as at
	1 September	Income	Expense	(losses)	Transfers	31 August
	2020					2021
	£	£	£	£	£	£
Entrepreneurs Week	--	195	--	--	--	195
Children in Need	467	58	(525)	--	--	--
Jeans for Genes	90	--	(90)	--	--	--
Total restricted funds	557	253	(615)	--	--	195

These are collections that have taken place for specific charitable causes.

Analysis of movements in restricted funds - prior year

	Koalas	Funds as at 1 September Income Expense 2019 £ £ £ -- 302 (302)	Gains/ Funds as at (losses) Transfers 31 August 2020 £ £ -- -- --
	Ilkley Playground	-- 126 (126)	-- -- --
	Macmillan Cancer	-- 795 (795)	-- -- --
	Children in Need	-- 551 (84)	-- -- 467
	Jeans for Genes	-- 90 --	-- -- 90
	Total restricted funds	-- 1,864 (1,307)	-- -- 557
16	Analysis of net assets between funds		General Restricted
	Tangible fixed assets	Funds £	Fund Fund Total £ £ £ 958,446 -- 958,446
	Investments		403,383 -- 403,383
	Current assets		130,293 195 130,488
	Creditors falling due within one year		(110,198) -- (110,198)
			1,381,924 195 1,382,119
	Analysis of net assets between funds - prior year		General Restricted
	Tangible fixed assets	Funds £	Fund Fund Total £ £ £ 974,068 -- 974,068
	Investments		346,844 -- 346,844
	Current assets		130,912 557 131,469
	Creditors falling due within one year		(89,464) -- (89,464)
			1,362,360 557 1,362,917

Page 23

Moorfield School Limited Notes to the financial statements for the year ended 31 August 2021

Company Registration No. 844804 Charity Registration No. 529112

17 Related Party Transactions

During the year the school purchased perspex screens for £995 from Marsel Display Company Limited, a company controlled by Mr. M.R. Alton.

There were no other transactions with related parties in the reporting period or the prior period.

18 Operating lease commitments Lessee

At the reporting date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Office equipment Not later than 1 year Later than 1 year and not later than 5 years	2021 £ 1,977 3,459 5,436	2020 £ 1,977 5,436
		7,413

19 Auditors' ethical standards

In common with many organisations of our size and nature we use our auditors to assist with preparation of the financial statements and dealing with the tax authorities.

Page 24