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|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|||
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|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|
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|(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|
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|||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|
##
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||||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|
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|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|
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||||||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|
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||||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|
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||||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|
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|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|
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||||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|
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||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|
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|||||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|
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||||||||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|
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||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|
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|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|
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|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|
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