2022-08-31-accounts - Aysgarth School Trust Limited

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Charity	number	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		PJS Thompson Esq
Key management			personnel
Headmaster						RJMorse Esq
Bursar						A M Fmncis Esq
Deputy head						PRBarlow Esq
Deputy head						ESG Canning Esq
Deputy head						G P Askew Esq
Company		Secretary				Mrs LM Hoskyns-Abrahal1
Bankers						Barclays Bank Pic
						31High 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
						Murton Way
						Osbaldwick
						York
						YO19 5UW
Investment		Managers				Brewin Dolphin
						Time Central
						Gallowgate
						Newcastle upon Tyne
						NE1 4SR

School		I
Ampleforth		Art
Ampleforth		Sport
Ampleforth		Sport
Harrow		Art
Repton		Academic
Uppingham		Sport
Scarborough	College	Academic and Sport All Rounder (not taken up)
Sedbergh		All-Rounder
Sedbergh		HM's Award
Sedbergh		HM's Award
Sedbergh		Sport
Sedbergh		Sport
Sedbergh		Sport
Shrewsbury		Academic
Shrewsbury		Academic
Shrew sbury		All-Rounder
Shrewsbury		All-Rounder
Shrewsbury		Music

(incorporating an Income and Expendi YEAR E14/DED 31AUGUST 2022	ture A	ccount)
		Unrestricted	Unrestricted
		General	Designated	Total Funds	Total Funds
	Note	Funds	Funds	2022	2021
INCOME AND ENDOWMENTS FROM
Charitable activities
School fees		3,869,434		3,869,434	3,475,691
Other educational income		97,063		97,063	76,156
Other trading activities
Trading income		43,977		43,977	1,811
Investments
Investment income		1,157		1,16$	158
Donations and legacies
Donations		IJ70	91,366	93@36	24,765
Other incoming resources		14,828		14,828	41,239
Total incoming resources		4,028,429	91,377	4,119,806	3,619,820
EXPENDITURE ON
Raising funds
Fundraising costs ofdonations	12		47,313	47413	4,793
Trading costs	12	24,461		24,461
Financing costs	12	79		79	77
Charitable activities	12	4,106,128	4,159	4,110487	3,643,277
TOTAL EXPENDITURE	12	4,130,668	51,472	4,182,140	3,648, 147
Net gains/(losses) on investments			~66,990	~(66,990	10S,SS4
Net incoming and expenditure
before transfers		(102,239)	(27,085)	(129,324)	80857
Transfers between funds	22	11,843	(11,843)
NET INCOME		(90496)	(38,928)	(129,324)	$0,257
Other recognised gains/(losses):
Pension scheme actuarial gains/(losses)	26			5,848	12
Net movement in funds for the year		(84,548)	(3$,928)	(123,476)	80,269
Fund balances at 1 September 2021		5@04,494	600,039	5P04,533	5,824,264
FUND BALANCES AT 31 AUGUST 2022		592199946	561,111	5,781,057	5,904,533

		Unrestricted	Unrestricted
		General	Designated	Total Funds	Total Funds
	Note	Funds	Funds	2022	2021
FIXEDASSETS
Tangible assets	16	4,579,262		4,579,262	4,656,154
Investments	17		491,899	491,899	558,889
		4,579,262	491,899	5,071,161	5,215,043
CURRENT ASSETS
Stocks	18	41,155		41,155	39,702
Debtors	19	165,887		165,887	152,478
Cash at bank and in hand	20	1,323,798	74,577	1498475	1,215,670
		1,530,840	74,577	1,605,417	1,407,850
CURRENT LIABILITIES
Creditors payable within one year	21	(889,008)	(5465)	(894473)	(709,796)
NET CURRENT ASSETS/(LIABILITIES)		641,832	69,212	711,044	698,054
TOTAL NET ASSETS EXCLUDING PENSION LIABILITY		5,221,094	561,111	5,782,205	5,913,097
Net pension liability	26	~t,tdp		~t,tdd)	(8,564)
NET ASSETS		5819,946	561,111	5,781,057	5,904,533
REPRESENTED BY:
Unrestricted funds:
General	22	5419,946		5819,946	5,304,494
Designated	22		561,111	561,111	600,039
		54198946	561,111	5,781,057	5,904,533

			2022	2021
		Notes
Cash flows from operating	activities:
Net cash from operating activities			292,260	196,570
Cash flows from investiag	activities:
Interest received			1,168	158
Interest paid			('79)	(77)
Payments to acquire listed investments
Payments to acquire tangible	fixed assets		(109,076)	(168,727)
Net cash from investing activities			(107,987)	(168,646)
Cash flows from financing	activities:
Bank loan repaid
Pension fund liability repaid			(1,568)	(2,320)
Net cash from financing activities			(1,568)	(2,320)
(Decrease)/increase in cash	and cash equivalents		182,705	25,604
Cash and cash equivalents	at the beginning
ofthe year			1815,670	1,190,066
Cash and cash equivalents	at the end ofthe year		1498,375	1,215,670

1, Reconciliation ofchanges	in resources to net inflow	from operating activities
		2022	2021
Net income and (expenditure)		(129,324)	80,257
Depreciation charges		185,968	184,821
Loss on disposal offixed assets
(increase)/decrease in stocks		(1,453)	(2,351)
(increase)/decrease in debtors		(12,972)	(36,221)
Increase/(decrease) in creditors		184,140	78,729
(Gain)/loss on invesunents		66,990	(108,584)
Interest received		(1,168)	(158)
Interest payable		79	77
Net cash inflow from operating	activities	292„260	196,570
2. Analysis ofcash and cash	equivalents
		At	At
		31/08/22	31/08/21
Cash at bank and in hand		1,39t4375	1,215,670
		149%75	1,215,670

					2022	2021
Gross	fees				4398,073	3,913,645
Less:	Bursaries,	scholarships	snd	remissions	(528,639)	(437,954)
					3,869,434	3,475,691

	2022	2021
Learning support tuition fees	8,068	7,942
Overnight stays	36,765	30,143
Registrations	2,040	3,160
Educational extras	17401	6,629
Pre prep events	62	702
Other income	32,927	27,580
	97,063	76,156

			2022	2021
Unrestricted general donations
Sundry donations			1,970	16,390
			1+70	16,390
Unrestricted designated	donations
Aysgarth School Foundation			91466	8,375
Total donations			93336	24,765
OTHER INCOMING RESOURCES
			2022	2021
Sundry other income			14,828	30,534
Job Retention Scheme grant				10,705
			14,828	41,239
EKPENDITURE
			2022	2021
Charitable activity expenditure		includes:
Auditors' remuneration	audit	fees	5,928	4,590
	non	audit fees	9,486	10,205
Depreciation	owned assets		185,968	184,821
Operating lease charges			6,654	6,708
Bank interest and charges			30	24

STAFFC	OS	TS
								2022	2021
								f.
Total staff	costs comprises:
Wages and	salaries							1,891,877	1,790,091
Social security		costs						185,733	168,102
Pension contributions								321,777	311,232
								2499,387	2,269,425
								2022	2021
Aggregate	employee		benefits (including		employers		pension
contributions)		ofkey	management	personnel		and connected persons
thereof								589464	497,976

The avera	ge monthly number of	employees during the yea	r was:
			2022		2021
			Number		Number
Teaching	staff and administrative	staff		45		46
Household	staff and groundsmen			22		23
				67		69

			Staffcosts (note 10)	Other costs	Depreciation	2022 Total	2021 Total
Costs ofgenerating		funds
Fundraising donations	costs of			47,313		47,313	4,793
Trading costs				24,461		24,461
Financing	cost (note	13)		79		79	77
Resources	expended	on
generating	funds			71453		71,853	4,870
Charitable	activities
Teaching			1,762,642	182,833	31,733	1,977,208	1,828,508
Welfare			133,763	519,099	12,815	665,677	538,803
Premises			218,610	553,216	141,420	913446	814,550
Support			284,372	254,545		538,917	451,096
School operating costs			2,399,387	1,509,693	185,968	4,095,048	3,632,957
Grants, awards and prizes				15,239		15~9	10,320
Resources	expeaded	on
charitable	activities		2399,387	1,524,932	185,968	4,110,287	3,643,277
Total resources expended			2499,387	1,596,785	185,968	4,182,140	3,648,147

	Freehold	Plant,	Computer	School	Motor	Total
	property	equipment	equipment	furnishings	vehicles
Cost
At 1 September 2021	5,560,209	741,894	258,217	252,759	100,070	6,913,149
Additions	54,689	18,114	33,525	2,748		109,076
At 31August 2022	5,614,898	760,008	291,742	255,507	100,070	7,022825
Depreciation
At 1 September 2021	1,053,806	659,571	235,388	221,932	86,298	2456,995
Charge for the year	115,962	32,641	21,107	12,815	3,443	185g68
At 31August 2022	1,169,768	692,212	256,495	234,747	89,741	2,442,963
Net book value
At 31August 2022	4,445,130	67,796	35,247	20,760	10,329	4,579462
Net book value
At 31August 2021	4,506,403	82,323	22,829	30,827	13,772	4,656,154

17	INVESTMENTS
		Listed
	Market value	Investments
	At 1 September 2021	558,889
	Revaluation	(66,990)
	Valuation at31August 2022	491,899
	Valuation at 31August 2021	558,889
18	STOCKS

		General	Designated	Total	Total
		funds	funds	2022	2021
			f	f
Fee debtors		61,391		61,391	57,661
Prepayments	and accrued
income		104,496		104,496	94,817
		165,$87		165,887	152,478

				General	Designated	Total	Total
				funds f	fundsf	2022	2021
Current	accounts			14,743		14,743	11,730
Business	premium	account		1,305,789		1,305,789	l,155,725
Aysgarth	School	Foundation	accounts		74,577	74,577	46,078
Cash				3466		3,266	2,137
				1,323,798	74,577	1,39$,375	1,215,670

	General	Designated	Total	Total
	funds	funds	2022	2021
Trade creditors	161404		1619304	124,616
Taxes and social security costs	46,616		46,616	43,563
Pension contributions	34,96$		34,968	33,361
Accruals and deferred income	214,001	5465	219,366	142,412
Fees received in advance	432,119		432,119	365,844
	8$9,0085@65		894,373	709,796

							Pension
			Balance at	Movement	in funds		scheme		Balance at
			1 September 2021	Incoming resources	Resources expended	Investment gain/(loss)	Actuarial gain / (loss)	T f ransfers	31August 2022
General	funds		5,304,494	4,028,429	(4,130,668)	-	5,848	11,843	5/19)946
Designated		funds
Aysgarth	School Foundation		600,039	91,377	(51,472)	(66,990)	-	(11,843)	561,111
			5,904,533	4,119,806	(4,182,140)	(66,990)	5,848	-	5,781,057

							Pension
			Balance at	Movement	in funds		scheme			Balance at
			1 September 2020	Incoming resources	Resources expended	Investment gain / (loss)	Actuarial gain / (loss)	T f ransfers		31August 2021
General	funds		5,332,415	3,611,437	(3,643,354)		12		3,984	5,304,494
Designated		funds
Aysgarih	School Foundation		491,849	8,383	(4,793)	108,584	-		(3,984)	600,039
			5,824,264	3,619,820	(3,648,147)	108,584	12		-	5,904,533

				Total	Total
		Unrestricted	Designated	2022	2021
			6
Fixed assets		4,579,262	491,899	5,071,161	5,215,043
Net current	assets/(liabilities)	641,832	69,212	711,044	698,054
Long term liabilities
Net pension	liability	(1,148)		(1,148)	(8,564)
		52.19,946	561,111	5,781,057	5,904,533

		2022	2021
Expiry date:
Within one year		2,106	1,803
Within two and five years		2,119
		4/25	1,803
CAPITAL COMMITMENTS
At 31 August 2022 the School had capital commitments	as follows:
		2022	2021
		8

Present values ofprovisio	n
		Period Ending 31August 2022			Period Ending 31August 2021		Period Ending 31August 2020
			(gs)		(gs)		(gs)
Present value ofprovision				1,148		8,564	10,896
Reconciliation ofopening	and	closing provisions
					Period Ending		Period Ending
					31August	2022	31August 2021
					(gs)		(Ks)
Provision at start ofperiod						8,564	10,896
Unwinding ofthe discount	factor (interest expense)					49	53
Deficit contribution paid					(1,617)		(2,373)
Remeasurements -impact	ofany change in assumptions					(51)	(12)
Remeasurements -amendments		to the contribution	schedule		(5,797)
Provision at end ofperiod						1,148	8,564

				Period Ending	Period Ending
				31August 2022	31August 2021
				(Ks)	(gs)
Interest expense				49	53
Remeasurements	—impact ofany change in	assumptions		(51)	(12)
Remeasurements	—amendments tothe contribution		schedule	(5,797)
Contributions paid in respect offuture service"				22,551	21,981
Costs recognised	in income and expenditure	account		16,752	22,022

31August 2022	31August 2021	31August 2020
%per annum	%per annum	%per annum
4.46	0.63	0.55