2020-08-31-accounts - Aysgarth School Trust Limited

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Charity number	Charity number				529538
Company	number				00898078
Principal	address	and registered		office	Aysgarth School	Trust Limited
					Newton-Le-Willows
					Bedale
					North Yorkshire
					DL8 1TF
Chairman	ofthe Governing		Body		P JSThompson	Esq
Key management		personnel
Headmaster					RJMorse Esq
Bursar					AM Francis Esq
Deputy head					PRBarlow Esq
Assistant head					P JSouthall Esq
Company	Secretary				Mrs LM Hoskyns-Abrahall
Bankers					Barclays Bank Pic
					31 High Row
					Darlington
					Co Durham
					DL3 7QS
Solicitors					Womble Bond Dickinson LLP
					St Ann's Wharf
					112Quayside
					Newcastle Upon	Tyne
					NE99 1SB
Auditors					UHY Calvert Smith LLP
					Chartered Accountants
					Statutory Auditors
					Heritage House
					Mutton Way
					Osbaldwick
					York
					YO195UW
Investment	Managers				Brewin Dolphin
					Time Central
					Gallowgate
					Newcastle upon Tyne
					NE1 4SR

YEAR ENDED 31A	UGUST	2()20
				Unrestricted	Unrestricted
				General	Designated	Total Funds	Total Funds
			Note	Funds	Funds	2020	2019
					f		f
INCOME AND ENDOWMENTS		FROM
Charitable activities
School fees				3,599&844		3,599,$44	3,763,030
Other educational income				68468		68468	138,020
Other tradiag activities
Trading income				647		647	44,965
Investments
Investment income				4,222		4433	4,513
Donations aad legacies
Donations				$21	24,434	25,255	54,935
Other incoming resources				74,452		74,452	11,892
Total iacoming resources				3,748454	24445	3,772&899	4,017,355
EXPENDITURE ON
Raising funds
Fundraising costs ofdonations			]2		$46	846	403
Tradillg costs			12				22,693
Financing costs			12	187		187	440
Charitable activities			12	3,710,441		3,710,441	3,610,222
TOTAL EXPENDITIJRE			12	3,710,628	846	3,711,474	3,633,758
Net gains/(losses) on investments					9&740	9,740	15,960
Net incoming aad expenditure
before transfers				37,726	33,439	71,165	399,557
Transfers between funds			22	1,500	(1,500)
NET INCOME				39,226	31,939	71,165	399,557
Other recognised gains/(losses): Pension scheine actuarial gains/(losses)			26	~(100		~IOII	9,342
Net movement in funds	for the year			39,126	31,939	71,065	408,899
Fund balances at I September 2019				5,293,2$9	459,910	5,753,199	5,344,300
FUND BALANCES AT	31AUGUST 2020			5,332,415	491,849	5,824,264	5,753,199

YEAR EN	DED 51AUGUST 2020
			Unrestricted	Iinrestricted
			General	Designated	Total Funds	Total Funds
		Note	Funds	Funds	2020	2019
					8	6
FIXEDASSETS
Tangible assets		16	4,672,248		4,672448	4,807,517
Investments		)7		450405	450405	390,565
			4,672,248	450405	5,122,553	5,198,082
CURRENT	ASSETS
Stocks		]8	37,351		37,351	36,458
Debtors		19	116,042	215	116,257	183,027
Cash at bank	and in hand	20	1,148,737	41,329	1,190,066	1,173,371
			1,302,130	41,544	1,343,674	1,3929856
CURRENT	LIABILITIES
Creditors payable within one year		21	(631,067)		(631,067)	(824,752)
NET CURRENT ASSETS/(LIABILITIES)			671,063	41,544	712,607	568,104
TOTAL NET ASSETSEXCLUDING PENSION LIABILITY			5343,311	491,849	5,835,160	5,766,186
Net pension	liability	26	~(0,896		~(70,896	(12,9877
NET ASSETS			5432,415	491,849	5,824,264	5,7536199
REPRESENTED BY:
Unrestricted	funds:
General		22	5432,415		5432,415	5,293,289
Designated		22		491,849	491&849	459,910
			5,332,415	491,849	5,824464	5,753,199

			2020	2019
		Notes	g
Cash flows from operating	activities:
Net cash from operating activities			135,576	503,794
Cash flows from investing	activities:
Interest received			4,333	4,513
Interest paid			(187)	(440)
Payments to acquire listed investments			(50,000)	(129,631)
Payments to acquire tangible	fixed assets		(70,836)	(185,746)
Net cash from investing activities			(116,690)	(311,304)
Cash flows from financing	activities:
Bank loan repaid
Pension fund liability repaid			(2,191)	(2,512)
Net cash Rom financing activities			(2,191)	(2,512)
(Decrease)/increase in cash and cash equivalents			16,695	189,978
Cash and cash equivalents	at the beginning
ofthe year			1,173@71	983,393
Cash and cash equivalents	at the end ofthe year		1,190,066	1,173,371

Reconciliation ofchanges	in resources to net inflow	from operating activities
		2020	2019
Net income and (expenditure)		71,165	399,557
Depreciation charges		198,804	192,135
Loss on disposal offixed assets		7,301
(Increase)/decrease in stocks		(893)	(2,250)
(Increase)/decrease in debtors		66,770	(8,336)
Increase/(decrease) in creditors		(193,685)	(57,279)
(Gain)/loss on investments		(9,740)	(15,960)
Interest received		(4,333)	(4,513)
Interest payable		187	440
Net cash inflow from operating	activities	135,576	503,794
2. Analysis ofcash and cash	equivalents
		At	At
		31/08/20	31/08/19
Cash at bank and in hand		1,190,066	1,173,371
		1,190,066	1,173,371

					2020	2019
					f
Gross	fees				3,980,213	4,248,681
Less:	Bursaries,	scholarships	and	remissions	(380,369)	(485,651)
					3,599,844	3,763,030

		2020	2019
			f
Learning support	tuition fees	10,247	14,311
Overnight stays		22,856	73,855
Registrations		1435	2,600
Educational extras		10,051	9,294
Pre prep events		683	1,188
Other income		22,996	36,772
		68468	138,020

			2020	2019
			f	f.
Unrestricted general donations
Sundry donations			821	1,381
			821	1,381
Unrestricted desigaated	donations
Aysgarth School Foundation			24,434	53,554
Total donations			25&255	54,935
OTHER INCOMING RESOURCES
			2020	2019
Sundry other income			11,774	11,892
Job Retention Scheme grant			62,678
			74,452	11,892
EXPENDITURE
			2020	2019
			f	f
Charitable activity expenditure		includes:
Auditors' remuneration	audit	fees	4,440	4,320
	non	audit fees	8,916	8,662
Depreciation	owned assets		198,804	192,135
Operating lease charges			6,654	8,154
Bank interest and charges			74	47

STAFFCOSTS
						2020	2019
						8
Total staff costs comprises:
Wages and salaries						1,824,431	1,807,410
Social security costs						174,901	172,619
Pension contributions						325,089	227,014
						2,324,421	2,207,043
						2020	2019
							f
Aggregate einployee	benefits (including		employers		pension contributions)
ofkey management	personnel					359,491	336,694
Number ofemployees:
The average monthly	number of	employees		during	the year was:
						2020	2019
						Number	Number
Teaching staff and administrative		staff				47	48
Household staff and	groundsmen					22	22
						69	70

The number ofemployees	were $60,000or more was:
	2020		2019
	Number		Number
660,000 - 670,000		3		2
8110001-6120,000		1		1

			Statfcosts (note 10) f	Other costs	Depreciation f.	2020 Total	2019 Total f
Costs ofgenerating		funds
Fundraising donations	costs of			846		846	403
Trading costs							22,693
Financing	cost (note	13)		187		187	440
Resources	expended	on
generating	funds			1,033		1,033	23,536
Charitable	activities
Teaching			1,755,743	126,211	30,650	1,912,604	1,833,893
Welfare			124,565	363,026	12,386	499,977	574,997
Preinises			197,926	455,812	]55,768	809,506	761,263
Support			246,187	235,966		482,153	431,888
School operating costs			2,324,421	1,181,015	198,804	3,704040	3,602,041
Grants, awards and prizes				6,201		6,201	8,181
Resources	expended	on
charitable	activities		2,324,421	1,187,216	198,804	3,710,441	3,610,222
Total resources expended			2424,421	1,188449	198,804	3,711,474	3,633,758

	Freehold	Plant,	Computer	School	Motor	Total
	properly f	equipment f	equipment f	furnishings f	vehicles
Cost
At 1 September 2019	5,447,551	671,499	232,506	243,511	85,820	6,680,887
Additions	9,437	39,156	7,993		14,250	70,836
Disposals			(7,301)			(7401)
Rec)assification
At 31August 2020	5,456,988	710,655	233,198	243,511	100,070	6,744,422
Depreciation
At 1 September 2019	805,749	593,484	201,944	196,605	75,588	1,873,370
Charge for the year	128,709	34,405	17,184	12,386	6,120	19$,804
Disposa)s
At 31August 2020	934,458	627,889	219,128	208,991	81,708	2,072&174
Net book value
At 31August 2020	4,522,530	82,766	14,070	34,520	18,362	4,672448
Net book value
At 31August 2019	4,641,802	78,015	30,562	46,906	10,232	4,807,517

				General	Designated	Total	Total
				funds	funds	2020	2019
Current	accounts			9469		9469	10,000
Business	premium	account		1,137,613		1,137,613	1,085,467
Aysgarth	School	Foundation	accounts		41429	41429	73,012
Cash				1,755		1,755	4,892
				1,148,737	41429	1,190,066	1,173,371

	General	Designated	Total	Total
	funds	funds	2020	2019
Trade creditors	65,986		65386	129,704
Taxes and social security costs	42,966		42466	42,317
Pension contributions	35,848		35,848	27,945
Accruals and deferred income	149,473		149,473	189,298
Fees received in advance	336,794		336,794	435,488
	631,067		631,067	824,752

							Pension
			Balance at	Movement	in funds		scheme		Balance at
			I September 2019	Incoming resources	Resources expended	Investment gain/(loss)	Actuarial gain / (loss)	Transfers	31August 2020
			f	f	f,		f
Generalfunds			5,293,289	3.748,354	(3,710.628)		(100)	1.500	5,332,415
Designated		funds
Aysgarth	School Foundation		459,910	24,545	(846)	9,740	-	(1,500)	491,849
			5,753,199	3,772,899	(3,711.474)	9,740	(100)		5,824264

							Pension
			Balance at	Movement	in funds		scheme		Balance at
			I September 2018	Incoming resources	Resources expended	Investment gain / (loss)	Actuarial gain / (loss)	Transfers	31August 2019
Generalfunds			4,936,109	3,963,563	(3,633,355)		9,342	17,630	5,293,289
Designated		funds
Aysgarth	School Foundation		408,191	53,792	(403)	15,960		(17,630)	459,910
			5,344,300	4.017,355	(3,633.758)	15,960	9,342		5,753,199

			Total	Total
	Unrestricted	Designated	2020	2019
	f	5		f
Fixed assets	4,672,248	450,305	5,122,553	5,198,082
Net current assets/(liabilities)	671,063	41,544	712,607	568,104
Long term liabilities
Net pension liability	(10,896)		(10,896)	(12,987)
	5,332,415	491,849	5,824,264	5,753,199

		2020	2019
		6	f
Expiry date:
Within one year		6,606	6,606
Within two and five years		1,803	8,408
		8,409	15,014
CAPITAL COMMITMENTS
At 31August 2020 the School had capital commitments	as follows:
		2020	2019
			f,

		Period Ending 31 August 2020	Period Ending 31 August 2020	Period Ending 31 August 2020	Period Ending 31 August 2019	Period Ending 31 August 2018
			(fs)		(Ks)	(gs)
Provision	at start ofperiod			10,896	12,987	24,841
ReconciTiation ofopening		and closing provisions
					Period Ending	Period Ending
					31 August 2020	31 August 2019
					(Xs)	(Xs)
Provision	at start ofperiod				12,987	24,841
Unwinding	ofthe discount	factor (interest expense)			113	393
Deficit contribution paid					(2,304)	(2,905)
Remeasurements -impact		ofany change in assumptions			100
Remeasurements - amendments to the contribution			schedule			(9,586)
Provision	at end ofperiod				10,896	12,987

Income and expenditure	Income and expenditure	impact
					Period Ending		Period Ending
					31August	2020	31August 2019
					(Xs)		(Ks)
Interest expense						113	393
Remeasurements	—impact	ofany change in	assumptions			100	244
Remeasurements	—amendments to the contribution			schedule			(9,586)
Contributions paid in respect offuture services					35,849		31,050
Costs recognised	in income and expenditure		account		36,062		22,101

31 August 2020	31August 2019	31August 2018
%per annum	%per annum	%per annum
0.55	0.97	1.68