| Charity number | Charity number | 529538 | ||||
|---|---|---|---|---|---|---|
| Company | number | 00898078 | ||||
| Principal | address | and registered ofBce | Aysgarth School |
Trust Limited | ||
| Newton-Le-Willows | ||||||
| Bedale | ||||||
| North Yorkshire | ||||||
| DL8 1TF | ||||||
| Chairman | ofthe | Governing | Body | PJSThompson | Esq | |
| Key management | personnel | |||||
| Headmaster | RJMorse Esq (Autumn and Spring Term) |
|||||
| JEAnderson Esq (Summer Term) |
||||||
| Bursar | AM Francis Esq | |||||
| Deputy head | PRBarlow Esq | |||||
| Deputy head | DrES GCanning Esq | |||||
| Company | Secretary | Mrs LM Hoskyns-Abrahall | ||||
| Bankers | CAF Bank | Barclays Bank Pic | ||||
| 25 Kings Hill Avenue | 31High Row | |||||
| Kings Hill | Darlington | |||||
| West Mailing | Co Durham | |||||
| Kent | DL3 7QS | |||||
| ME194TA | ||||||
| Solicitors | Womble Bond Dickinson LLP | |||||
| St Ann's Wharf | ||||||
| 112Quayside | ||||||
| Newcastle Upon | Tyne | |||||
| NE99 1SB | ||||||
| Auditors | UHY Calvett Smith LLP | |||||
| Chartered Accountants |
||||||
| Statutory Auditors | ||||||
| Heritage House | ||||||
| Murton Way | ||||||
| 0sbaldwick | ||||||
| York | ||||||
| YO195UW | ||||||
| Investment | Managers | Brewin Dolphin | ||||
| Time Central | ||||||
| Gallowgate | ||||||
| Newcastle upon | Tyne | |||||
| NE1 4SR |
| ith regard to senior school schola | rships 11scholarships were offe |
|---|---|
| School | Scholarshl |
| Fettes | Academic |
| Gi leswick |
S ort |
| Oundle | Music Exh. |
| Ru b | S ort |
| Sedb | S ort |
| Shrew sb | |
| Shrewsb | |
| Shrewsb | |
| Shrewsbu | Academic |
| Shrewsb | Music |
| Stowe | Drama |
| (incorporating an Income and Expendi YEAIf ENDED 31AUGUST 2023 |
ture A |
ccount) | |||
|---|---|---|---|---|---|
| Unrestricted | Unrestricted | ||||
| General | Designated | Total Funds | Total Funds | ||
| Note | Funds | Funds | 2023 | 2022 | |
| f | f | f | |||
| INCOME AND ENDOWMENTS FROM | |||||
| Charitable activities |
|||||
| School fees | 3 | 3,751,464 | 3,751,464 | 3,869,434 | |
| Other educational income |
4 | 130,205 | 130,205 | 97,063 | |
| Other trading activities |
|||||
| Trading income | 5 | 47,464 | 47,464 | 43,977 | |
| Investments | |||||
| Investment income |
6 | 7,515 | 284 | 7,799 | 1,168 |
| Donations and legacies |
|||||
| Donations | 7 | 2,502 | 5@75 | 7,877 | 93,336 |
| Other incoming resources | 8 | 13,880 | 13,880 | 14,828 | |
| Total incoming resources | 3,953,030 | 5,659 | 3,958,689 | 4,119,806 | |
| EXPENDITURE ON | |||||
| Raising funds | |||||
| Fundraising costs ofdonations |
12 | 5,498 | 5,498 | 47,313 | |
| Trading costs | 12 | 26,985 | 26,985 | 24,461 | |
| Financing costs | 12 | 100 | 100 | 79 | |
| Charitable activities |
12 | 4,605,102 | 4,605,102 | 4,110,287 | |
| TOTAL EXPENDITURE | 12 | 4,632,187 | 5,498 | 4,637,685 | 4,182,140 |
| Net gains/(losses) on investments |
0,031 | 8031 | ~66,9903 | ||
| Net income and expenditure | |||||
| before transfers | (679,157) | 8,192 | (670,965) | (129,324) | |
| Transfers between furids |
22 | 569@03 | (569,303) | ||
| NET INCOME | (109,854) | (561,111) | (670,965) | (129,324) | |
| Other recognised gains/posses): | |||||
| Pension scheme actuarial gains/(losses) | 26 | 7 | 7 | 5,848 | |
| Net movement in funds for the year |
(109,847) | (5611111) | (670,958) | (123,476) | |
| Fund balances at I September 2022 | 5,219,946 | 561,111 | 5,781,057 | 5,904,533 | |
| FUND BALANCES AT31 AUGUST 2023 | 5,110,099 | 5,110,099 | 5,781,057 |
| Unrestricted | |||
|---|---|---|---|
| General Funds | Total Funds | ||
| Note | 2023 | 2022 | |
| FIXEDASSETS | |||
| Tangible assets | 16 | 4429&754 | 4,579,262 |
| Investments | 17 | 491,899 | |
| 4,529,754 | 5,071,161 | ||
| CURRENT ASSETS | |||
| Investments | 17 | 499,930 | |
| Stocks | 18 | 55,482 | 41,155 |
| Debtors | 19 | 230,473 | 165,887 |
| Cash at bank and in hand | 20 | 722&050 | 1,398,375 |
| 1,507,935 | 1,605,417 | ||
| CURRENT LIABILITIES | |||
| Creditors payable within one year | 21 | (926,909) | (894,373) |
| NET CURRENT ASSETS | 581,026 | 711,044 | |
| TOTAL NET ASSETSEXCLUDING PENSION LIABILITY |
5,110,780 | 5,782,205 | |
| Net pension liability | 681 | 1,148 | |
| NET ASSETS | 5,110,099 | 5,781,057 | |
| REPRESENTED BY: | |||
| Unrestricted funds: |
|||
| General | 22 | 5,110,099 | 5,219,946 |
| Designated | 22 | 561,111 | |
| 5,110,099 | 5,781,057 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Notes | f. | |||
| Cash flows from operating | activities: | |||
| Net cash from operating activities |
(488,086) | 292,260 | ||
| Cash flows from investing | activities: | |||
| Interest received | 7,799 | 1,168 | ||
| Interest paid | (100) | (79) | ||
| Payments to acquire tangible |
fixed assets | (195,478) | (109,076) | |
| Net cash &om investing activities |
(187,779) | (107,987) | ||
| Cash flows from financing | activities: | |||
| Pension fund liability repaid | (460) | (1,568) | ||
| Net cash from financing activities |
(460) | (1,568) | ||
| (Decrease)/increase in cash |
and cash equivalents | (676,325) | 182,705 | |
| Cash and cash equivalents | at the beginning | |||
| ofthe year | 1&398875 | 1,215,670 | ||
| Cash and cash equivalents | at the end ofthe year | 722,050 | 1,398,375 |
| 1. Reconciliation |
ofchanges | in resources to net inflow from operating | activities | |
|---|---|---|---|---|
| 2023 | 2022 | |||
| Net income and (expenditure) | (670,965) | (129,324) | ||
| Depreciation charges |
198,057 | 185,968 | ||
| Loss on disposal of | fixed assets | 46,929 | ||
| (Increase)/decrease | in stocks | (14827) | (1,453) | |
| (Increase)/decrease | in debtors | (69,951) | (12,972) | |
| Increase/(decrease) | in creditors | 37,901 | 184,140 | |
| (Gain)/loss on investments |
(8,031) | 66,990 | ||
| Interest received | (7,799) | (1,168) | ||
| Interest payable | 100 | 79 | ||
| Net cash inflow from operating | activities | (488,086) | 292,260 | |
| 2. Analysis ofcash and cash |
equivalents | |||
| At | At | |||
| 31/08/23 | 31/08/22 | |||
| Cash atbank and in | hand | 722,050 | 1,398,375 | |
| 722,050 | 1,398,375 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Gross | fees | 4,336,255 | 4,398,073 | |||
| Less: | Bursaries, | scholarships | and | remissions | (584,791) | (528,639) |
| 3,751,464 | 3,869,434 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Learning | support tuition fees | 11,629 | 8,068 | |
| Funding | for learning | support | 15,193 | |
| Overnight | stays | 41,049 | 36,765 | |
| Registrations | 8,0$1 | 2,040 | ||
| Educational extras |
22833 | 17,201 | ||
| Pre prep | events | 7$5 | 62 | |
| Other income | 31,235 | 32,927 | ||
| 130,205 | 97,063 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| 8 | ||||
| Unrestricted general donations |
||||
| Sundry donations | 2,502 | 1,970 | ||
| 2,502 | 1,970 | |||
| Unrestricted designated |
donations | |||
| Aysgarth School Foundation |
5,375 | 91,366 | ||
| Total donations | 7,877 | 93,336 | ||
| OTHER INCOMING RESOURCES | ||||
| 2023 | 2022 | |||
| Sundry other income | 13,880 | 14,828 | ||
| 13,880 | 14,828 | |||
| EXPENDITURE | ||||
| 2023 | 2022 | |||
| Charitable activity expenditure |
includes: | |||
| Auditors' remuneration |
audit | fees | 6,300 | 5,928 |
| non | audit fees | 10,104 | 9,486 | |
| Depreciation | owned assets | 198,057 | 185,968 | |
| Operating lease charges |
9,036 | 6,654 | ||
| Bank interest and charges | 60 | 30 |
| STAFF COST | S | ||
|---|---|---|---|
| 2023 | 2022 | ||
| g | |||
| The aggregate | payroll costs for the year were: | ||
| Wages and salaries | 2,139,439 | 1,891,877 | |
| Social security | costs | 211,832 | 185,733 |
| Pension contributions | 364,197 | 321,777 | |
| 2,715,468 | 2,399,387 |
| Aggregate | employee benefits (including | employee benefits (including | employee benefits (including | employers | employers | pension |
|---|---|---|---|---|---|---|
| contributions) | ofkey management | personnel | and connected persons | |||
| thereof |
| 2023 | 2022 |
|---|---|
| 6 | |
| 556,639 | 589,564 |
| The avera | ge monthly number of |
employees during the yea |
r was: | |||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Number | Number | |||||
| Teaching | staff and administrative | staff | 49 | 45 | ||
| Household | staff and groundsmen | 20 | 22 | |||
| 69 | 67 |
| Staffcosts (note 10) |
Other costs | Depreciation | 2023 Total |
2022 Total |
|||
|---|---|---|---|---|---|---|---|
| Costs ofgenerating | funds | ||||||
| Fundraising donations |
costs of | 5,498 | 5,498 | 47,313 | |||
| Trading costs | 26,985 | 26,985 | 24,461 | ||||
| Financing | cost (note | 13) | 100 | 100 | 79 | ||
| Resources | expended | on | |||||
| generating | funds | 32,583 | 32,583 | 71,853 | |||
| Charitable | activities | ||||||
| Teaching | 1,994,211 | 213,856 | 38,905 | 2,246&972 | 1,977,208 | ||
| Welfare | 140,703 | 546,547 | 10,494 | 697,744 | 665,677 | ||
| Premises | 246,563 | 613,380 | 148,658 | 1,008,601 | 913,246 | ||
| Support | 333,832 | 307,325 | 641,157 | 538,917 | |||
| School operating costs | 2,715,309 | 1,681,108 | 198,057 | 4,594,474 | 4,095,048 | ||
| Grants, awards and prizes | 10,628 | 10,628 | 15,239 | ||||
| Resources | expended | on | |||||
| charitable | activities | 2,715,309 | 1,691,736 | 198,057 | 4,605,102 | 4,110,287 | |
| Total resources expended | 2,715309 | 1,724,319 | 198,057 | 4,637,685 | 4,182,140 |
| Freehold | Plant, | Computer | School | Motor | Total | |
|---|---|---|---|---|---|---|
| property | equipment | equipment | furnishings | vehicles | ||
| Cost | ||||||
| At 1 September 2022 | 5,614,898 | 760,008 | 291,742 | 255,507 | 100,070 | 7,022,225 |
| Additions | 81,653 | 55,818 | 29,586 | 9,264 | 19,157 | 195,478 |
| Disposals | (46,792) | (94,327) | (95,177) | (60,671) | (25,786) | (322,753) |
| At 31August 2023 | 5,649,759 | 721,499 | 226,151 | 204,100 | 93,441 | 6,894,950 |
| Depreciation | ||||||
| At 1 September 2022 | 1,169,768 | 692,212 | 256,495 | 234,747 | 89,741 | 2,442,963 |
| Charge for the year | 117,379 | 37,765 | 26,644 | 10,494 | 5,775 | 198,057 |
| Disposals | (94,327) | (95,177) | (60,671) | (25,649) | (275,824) | |
| At 31August 2023 | 1,287,147 | 635,650 | 187,962 | 184,570 | 69,867 | 2,365,196 |
| Net book value | ||||||
| At 31August 2023 | 4,362,612 | 85,849 | 38,189 | 19,530 | 23,574 | 4,529,754 |
| Net book value | ||||||
| At 31August 2022 | 4,445,130 | 67,796 | 35,247 | 20,760 | 10,329 | 4,579,262 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Current Business Aysgsrth Cash |
accounts premium School |
account Foundation |
accounts | 10,020 649,584 59,994 2,452 |
14,743 1,305,789 74,577 3,266 |
| 722,050 | 1,398,375 |
| 2023 | 2022 | |
|---|---|---|
| 8 | ||
| Trade creditors Taxes and social security costs Pension contributions Accruals aud deferred income Fees received in advance |
145,091 52@48 38,946 168,110 522,414 |
161,304 46,616 34,968 219,366 432,119 |
| 926909 | 894373 |
| Pension | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Balance at | Movement | in funds | scheme | Balance at | ||||||
| I September 2022 |
Incoming resources |
Resources expended |
Investment gain/(loss) |
Actuarial gain / (loss) |
f Transfers |
31August 2023 |
||||
| 5 | ||||||||||
| General | funds | 5,219,946 | 3,953,030 | (4,632,187) | 7 | 569,303 | 5&110,099 | |||
| Designated | funds | |||||||||
| Aysgarth | School Foundation | 561,111 | 5,659 | (5,498) | 8,031 | (569,303) | ||||
| 5,781,057 | 3,958,689 | (4,637,685) | 8,031 | 7 | - | 5,110,099 |
| Pension | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Balance at | Movement | in funds | scheme | Balance at | |||||
| I September 2021 |
Incoming resources |
Resources expended |
Investment gain / (loss) |
Actuarial gain / (loss) |
Transfers | 31August 2022 |
|||
| General | funds | 5,304,494 | 4,028,429 | (4,130,668) | 5,848 | 11,843 | 5,219,946 | ||
| 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 | 5,701,057 |
| Unrestricted | Unrestncted | |
|---|---|---|
| 2023 | 2022 | |
| g | ||
| Fixed assets Net current assets/(liabilities) |
4,529,754 581,026 |
5,071,161 711,044 |
| Long term liabilities Net pension liability |
(681) | (1,148) |
| 5,110,099 | 5,781,057 |
| as follo | ws:- | ||
|---|---|---|---|
| 2023 | 2022 | ||
| Expiry Within Within |
date: one year two and five years |
7@25 9454 |
2,106 2,119 |
| 16,679 | 4,225 |
| recognised as a |
finance cost. | . | e unwindi | ng o t |
e discount | rate is | |
|---|---|---|---|---|---|---|---|
| Present values | ofprovision | ||||||
| Period Ending | Period Ending | Period Ending | |||||
| 31 | August 2023 | 31August | 2022 | 31August | 2021 | ||
| (fs) | (Ks) | (Zs) | |||||
| Present value ofprovision | 681 | 1,148 | 8,564 | ||||
| Reconciliation | ofopening and | closing provisions | |||||
| Period Ending | Period Ending | ||||||
| 31August | 2023 | 31August | 2022 | ||||
| (gs) | (Ks) | ||||||
| Provision at start ofperiod | 1,148 | 8,564 | |||||
| Unwinding ofthe discount factor (interest expense) |
40 | 49 | |||||
| Deficit contribution paid |
(500) | (1,617) | |||||
| Remeasurements | -impact ofany change in assumptions | (7) | (51) | ||||
| Remeasurements | -amendments | to the contribution | schedule | (5,797) | |||
| Provision at end | ofperiod | 681 | 1,148 |
| Pensions Trust's Growth | Pensions Trust's Growth | Plan | —continued | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Income and expenditure | impact | Period Ending | Period Ending | ||||||
| 31August | 2023 | 31August | 2022 | ||||||
| (Ks) | (Ks) | ||||||||
| 40 | 49 | ||||||||
| Interest expense | |||||||||
| Remeasurements | —impact | ofany | change in | assumptions | (7) | (51) | |||
| Remeasurements | —amendments | to the contribution | schedule | (5,797) | |||||
| Contributions paid in respect offuture services |
29,199 | 22,551 | |||||||
| Costs recognised | in income and expenditure | account | 29,232 | 16,752 |
| Assumptions | 31August 2023 %pef ailnulil |
31August 2022 %pef atlilunl |
31August 2021 %per annum |
|---|---|---|---|
| 6.04 | 4.46 | 0.63 |