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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|
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|School||~Sh|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|
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|(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|
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|||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|
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||||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|
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|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|
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||||||2022|2021|
|---|---|---|---|---|---|---|
|Gross|fees||||4398,073|3,913,645|
|Less:|Bursaries,|scholarships|snd|remissions|(528,639)|(437,954)|
||||||3,869,434|3,475,691|
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||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|
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||||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|
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|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|
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||||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|
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||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|
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|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||
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|||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,$87||165,887|152,478|
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|||||General|Designated|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds
f|fundsf|2022|2021|
|Current|accounts|||14,743||14,743|11,730|
|Business|premium|account||1,305,789||1,305,789|l,155,725|
|Aysgarth|School|Foundation|accounts||74,577|74,577|46,078|
|Cash||||3466||3,266|2,137|
|||||1,323,798|74,577|1,39$,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|
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||||||||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||
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|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|
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|||||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|
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