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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||
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|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|
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|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|
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||||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|
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|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|
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||||||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|
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||||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|
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|10|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|
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|The number ofemployees|ivhose annual|emoluments|were $60,000or more was:||||
|---|---|---|---|---|---|---|
||||2020||2019||
||||Number||Number||
|660,000 - 670,000||||3||2|
|8110001-6120,000||||1||1|
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||||Statfcosts
(note 10)
f|Other costs|Depreciation
f.|2020
Total|2019
Total
f|
|---|---|---|---|---|---|---|---|
|Costs ofgenerating||funds||||||
|Fundraising
donations|costs of|||846||846|403|
|Trading costs|||||||22,693|
|Financing|cost (note|13)||187||187|440|
|Resources|expended|on||||||
|generating|funds|||1,033||1,033|23,536|
|Charitable|activities|||||||
|Teaching|||1,755,743|126,211|30,650|1,912,604|1,833,893|
|Welfare|||124,565|363,026|12,386|499,977|574,997|
|Preinises|||197,926|455,812|]55,768|809,506|761,263|
|Support|||246,187|235,966||482,153|431,888|
|School operating costs|||2,324,421|1,181,015|198,804|3,704040|3,602,041|
|Grants, awards
and prizes||||6,201||6,201|8,181|
|Resources|expended|on||||||
|charitable|activities||2,324,421|1,187,216|198,804|3,710,441|3,610,222|
|Total resources expended|||2424,421|1,188449|198,804|3,711,474|3,633,758|
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||Freehold|Plant,|Computer|School|Motor|Total|
|---|---|---|---|---|---|---|
||properly
f|equipment
f|equipment
f|furnishings
f|vehicles||
|Cost|||||||
|At 1 September 2019|5,447,551|671,499|232,506|243,511|85,820|6,680,887|
|Additions|9,437|39,156|7,993||14,250|70,836|
|Disposals|||(7,301)|||(7401)|
|Rec)assification|||||||
|At 31August 2020|5,456,988|710,655|233,198|243,511|100,070|6,744,422|
|Depreciation|||||||
|At 1 September 2019|805,749|593,484|201,944|196,605|75,588|1,873,370|
|Charge for the year|128,709|34,405|17,184|12,386|6,120|19$,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|
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|||||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|
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||||||||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|
##
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||||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,|
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|||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|
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|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|
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|31 August 2020|31August 2019|31August 2018|
|---|---|---|
|%per annum|%per annum|%per annum|
|0.55|0.97|1.68|
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