2022-08-31-accounts - Harrogate Ladies' College Limited

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`Contents`	`Page`
`Directors,OfficersandAdministrativeDetails`	`1`
`Directors’Report`	`2-12`
`independentAuditor'sReport`	`13-16`
`StatementofFinancialActivities`	`17`
`BalanceSheet`	`18`
`CashFlowStatement`	`19`
`NotestotheFinancialStatements`	`20-36`

		`2022`	`2022`	`2022`	`2021`
		`General`	`Restricted`	`Total`	`Total`
		`Funds`	`Funds`
		`£`	`£`	`£`	`£`
`INCOMINGRESOURCES`
`Incomefromcharitableactivities`
`Schoolfeesreceivable`	`2`	`8,435,738`	`-`	`8,435,738`	`7,070,682`
`Othereducationalincome`		`293,310`	`-`	`293,310`	`288,474`
`Otherancillarytradingincome`	`3`	`93,541`	`-`	`93,541`	`57,891`
		`8,822,589`	`-`	`8,822,589`	`7,417,047`
`Incomingresourcesfromgenerated`
`funds`
`Voluntaryincome`	`4`	`-`	`6,727`	`6,727`	`8,726`
`Activitiesforgeneratingfunds`	`3`	`430,000`	`-`	`130,000`	`41,129`
`Rentsandschoollets`		`117,194`	`-`	`117,194`	`64,295`
`Investmentincome`	`5`	`232`	`-`	`232`	`10,687`
`Otherincomingresources`	`6`	`5,717`	`-`	`5,717`	`73,020`
`Totalincomingresources`		`9,075,732`	`6,727`	`9,082,459`	`7,614,904`
`RESOURCESEXPENDED`
`Costofgeneratingfunds`	`7`	`29,362`	`-`	`29,362`	`40,521`
`Charitabieactivities`
`Provisionofeducation`	`7`	`9,133,658`	`-`	`9,133,658`	`8,477,185`
`Totalresourcesexpended`	`7`	`9,163,020`	`-`	`9,163,020`	`8,517,706`
`NET(OUTGOING)/INCOMINGFUNDS`
`BEFOREINVESTMENTGAINS`		`(87,288)`	`6,727`	`(80,567)`	`(902,802)`
`Gains/(losses)oninvestments`	`11`	`-`	`-`	`-`	`66,785`
`Transferoffunds`		`50,000`	`(50,000)`	`-`	`-`
`Netmovementinfunds`		`(37,288)`	`(43,273)`	`(80,561)`	`(836,017)`
`Fundsbroughtforwardat1 September`		`5,870,251`	`443,666`	`6,313,917`	`7,149,934`
`Fundscarriedforwardat31August`		`5,832,963`	`400,393`	`6,233,356`	`6,313,917`

	`Notes`	`Asat31August2022` `£`	`Asat31August2021` `£`
`Tangiblefixedassets`	`9`	`6,387,136`	`6,622,459`
`Investmentassets`
`Fundsdeposited` `Investmentinsubsidiary`	`11` `12`	`2` `2`	`2` `2`
`Currentassets`
`Stocks` `Debtors` `Cashinhand`	`13` `14`	`754,704` `3,285,520` `4,040,224`	`595,484` `2,961,906` `3,557,390`
`Creditors:amountsfallingduewithinoneyear` `Netcurrentliabilities`	`15`	`(4,178,329)` `(138,105)`	`(3,576,164)` `(18,774)`
`Totalasseislesscurrentliabilities`		`6,249,032`	`6,603,687`
`Creditors:amounts:fallingdueaftermore.than:oneyear`	`16`	`(15,676)`	`(289,770).`
`Netassets`		`6,233,356`	`6,313,917`
`UNRESTRICTEDFUNDS` `Generalfunds` `RESTRICTEDFUNDS`	`17` `18`	`5,832,963` `400,393`	`5,870,251` `443,666`
`Totalfunds`		`6,233,356`	`6,313,917`

	`Notes`	`2022` `£`		`20201` `£`
`Netcashinflowfromoperatingactivities`		`409,114`		`527,679`
`Returnsoninvestmentsandservicingoffinance` `Investmentincome` `Interestpaid`		`232` `(282)`		`10,687` `(1,385)`
`Netcashinflowfromreturnsoninvestmentsandservicingoffinance`		`(50)`		`9,302`
`Capitalexpenditureandfinancialinvestment`
`Purchaseoftangiblefixedassets` `Disposalofinvestmenis`		`(85,450)`	`-`	`(72,839)` `1,618,359`
`Netcash(outflow)fromcapitalexpenditureandfinancialinvestment`		`(85,450)`		`1,545,520`
`Increaseincashintheyear`	`22`	`323,614`		`2,082,501`

`Freeholdbuildings`	`-20to125years`
`Leaseholdimprovements`	`~periodoflease`
`Plantandequipment`	`-7 years`
`Computerequipment`	`-5 years`
`Furniture,fixturesandfittings`	`-10years`
`Motorvehicles`	`-4 yearsorperiodoflease`

`es`
		`2022`	`2021`
		`£`	`£`
`Grossschool`	`fees`	`40,315,332`	`8,809,142`
`Less:Scholarships,bursaries,allowancesandagentfees`		`(1,879,594)`	`(1,738,460)`
		`8,435,738`	`7,070,682`
`incomefromfeesisallunrestricted(2021:ailunrestricted).`
`herincome`
		`2022`	`2021`
		`£`	`£`
`Otherancillarytradingincome:`
`Transportto/fromSchool`		`53,047`	`34,931`
`Uniform`		`40,494`	`22,960`
		`93,541`	`57,891`
`Activityforgeneratingfunds:`
`Donation`	`fromHLC(Properties)Ltd`	`130,000`	`44,129`
		`430,000`	`41,129`
`erincomeis`	`allunrestricted(2021:ailunrestricted).`
`untaryincome`
		`2022`	`2021`
		`£`	`£`
`Donations—`	`unrestricted`	`-`	`3,502`
`Donations``to`	`4` `theSmallHallFund— restricted`	`814`	`4,167`
`Donationsto`	`theScholarship,BursaryandPrizeFund— restricted`	`5,912`	`1,057`
		`6,727`	`8,726`
`vestmentincome`
		`2022`	`2021`
		`£`	`£`
`Dividendsfrominvestments— unrestricted`		`-`	`6,788`
`Dividendsfrominvestments— restricted`		`-`	`3,765`
`Bankinterest`	`received— unrestricted`	`232`	`134`
		`232`	`10,687`

`6`	`Otherincomingresources`
					`2022`	`2021`
					`£`	`£`
	`AmountsreceivedundertheCoronavirusJobRetention`		`Scheme-`	`unrestricted`	`-`	`67,795`
	`Miscellaneousincome- allunrestricted`				`5,717`	`5,225`
					`5,717`	`73,020`
`7`	`Analysisoftotalresourcesexpended`
		`Staff`	`Other`		`2022`	`2021`
		`costs`	`costs`	`Depreciation`	`Total`	`Total`
		`£`	`£`	`£`	`£`	`£`
	`Costofgeneratingfunds`
	`Rentalcosts`	`8,250`	`-`	`-`	`8,250`	`12,247`
	`Financecostscomprising:`
	`Bankcharges`	`-`	`21,112`	`-`	`21,112`	`20,829`
	`Investmentmanagerfees`	`-`	`-`	`-`	`-`	`4,880`
	`investmentmanagerfees-`	`.`	`-`	`.`	`.`	`2.565`
		`8,250`	`21,112`	`-`	`20,362`	`40,521`
	`Charitable` `activities`
	`Provisionofeducation`
	`Teaching`	`4,089,196`	`185,769`	`-`	`4,274,965`	`4,019,070`
	`Welfare`	`696,151`	`926,924`	`-`	`1,623,075`	`1,396,272`
	`Premises`	`230,484`	`1,543,487`	`320,773`	`2,094,744`	`1,925,644`
	`Supportcosts`	`688,411`	`419,471`	`-`	`1,107,882`	`1,119,912`
	`Governancecosts`	`-`	`32,992`	`-`	`32,992`	`16,287`
		`5,704,242`	`3,108,643`	`320,773`	`9,133,658`	`8,477,185`
	`Totalresourcesexpended`	`5,712,492`	`3,129,755`	`320,773`	`9,163,020`	`8,517,706`

	`Staff`	`Other`		`2021`	`2020`
	`costs`	`costs`	`Depreciation`	`Total`	`Total`
	`£`	`£`	`£`	`£`	`£`
`Costofgeneratingfunds`
`Rentalcosts`	`12,247`	`-`	`-`	`12,247`	`11,824`
`Financecostscomprising:`
`Bankcharges`	`-`	`20,829`	`-`	`20,829`	`20,598`
`Investmentmanagerfees`	`-`	`4,880`	`-`	`4,880`	`6,449`
`Investmentmanagerfees-`	`-`	`2,565`	`-`	`2,565`	`2,609`
`restricted`
	`12,247`	`28,274`	`-`	`40,521`	`41,480`
`Charitableactivities`
`Provisionofeducation`
`Teaching`	`3,857,599`	`161,471`	`-`	`4,019,070`	`4,146,434`
`Welfare`	`693,701`	`702,571`	`-`	`1,396,272`	`1,271,966`
`Premises`	`176,304`	`1,418,089`	`331,251`	`1,925,644`	`1,659,965`
`Supportcosts`	`661,665`	`458,247`	`-`	`1,119,912`	`985,138`
`Governancecosts`	`-`	`16,287`	`-`	`16,287`	`17,901`
	`5,389,269`	`2,756,665`	`331,251`	`8,477,185`	`8,081,404`
`Totalresourcesexpended`	`5,401,516`	`2,784,939`	`331,251`	`8,517,706`	`8,122,884`
				`2022`	`2021`
				`£`	`£`
`Charitableactivitiesinclude:`
`Depreciationonownedassets`				`320,773`	`331,251`
`Operatingleaserentals`				`21,537`	`21,568`
`Governancecostsinclude:`
`Auditors’remunerationfor:`
`Auditservices,current yearaccounts`				`43,000`	`14,868`
`Auditservices,otherservices`				`3,000`	`1,362`
				`16,000`	`13,230`

`Staffcosts`
	`2022`	`2021`
	`£`	`£`
`Totalstaffcostscomprised:`
`Wagesandsalaries`	`4,544,456`	`4,328,474`
`Socialsecuritycosts`	`424,315`	`388,508`
`Pensionscontributions`
`Teachers’Pension`	`610,703`	`586,651`
`PensionsTrustGrowthPlan`	`127,940`	`88,735`
`PensionsTrustUnitisedEthicalPlan`	`5,078`	`9,148`
	`5,712,492`	`5,401,516`
`Aggregateemployeebenefitsof`	`493,226`	`436,282`

`Theaverage`	`numbersofemployeesintheyearwere:`	`2022`	`2021`
`Teaching`
	`Fulltime`	`49`	`53`
	`Parttime`	`76`	`66`
`Welfare`
	`Fulltime`	`11`	`9`
	`Parttime`	`29`	`31`
`Premises`
	`Fulltime`		`7`
	`Parttime`		`4`
`Support`
	`Fulltime`	`14`	`15`
	`Parttime`	`6`	`6`
		`197`	`191`
`Thenumber`	`ofemployeeswhoseemolumentsexceeded£60,000were:`	`2022`	`2021`
`£60,001`	`to£70,000`	`3`	`-`
`£70,001`	`to£80,000`	`-`	`1`
`£80,001`	`to£90,000`	`2`	`2`
`£120,001`	`to£130,000`	`-`	`1`
`£140,001`	`to£150,000`

`ngibleassets`
	`Freehold`		`Leasehold`	`Furniture,`	`Motor`	`Plant&`		`Computer`	`Total`
				`fixtures&`	`vehicles`	`equipment`		`equipment`
				`fittings`
	`£`		`£`	`£`	`£`	`£`		`£`	`£`
`Cost` `(or` `frozen`
`valuation*)`
`1September2021`	`3,501,786`		`6,707,111`	`981,330`	`287,506`	`1,235,011`		`295,862`	`13,008,606`
`Additions`		`-`	`23,064`	`15,039`	`(1,200)`		`-`	`48,548`	`85,451`
`31August2022`	`3,501,786`		`6,730,175`	`996,369`	`286,306`	`1,235,011`		`344,410`	`13,094,057`
`Depreciation`
`1September2021`	`199,591`		`3,703,610`	`928,911`	`261,194`	`1,012,518`		`280,324`	`6,386,148`
`Chargefortheyear`	`28,089`		`183,102`	`19,526`	`12,104`	`60,474`		`17,478`	`320,773`
`31August2022`	`227,680`		`3,886,712`	`948,437`	`273,298`	`1,072,992`		`297,802`	`6,706,921`
`NetBookValue`
`31August2022`	`3,274,106`		`2,843,463`	`47,932`	`13,008`	`162,019`		`46,608`	`6,387,136`
`31August2021`	`3,302,195`		`3,003,502`	`52,419`	`26,312`	`222,493`		`15,538`	`6,622,459`

`followinginformationisdisclosed:`
	`2022`	`2021`
	`£`	`£`
`BalanceofCapitalandreserves`	`6,851`		`2`
`Resultfortheperiod`	`6,849`		`2`
`ocks`
	`2022`	`2021`
	`£`	`£`

`tors`
	`2022`	`2021`
	`£`	`£`
`Debtorsinrespectofschoolfeeaccounts`	`224,838`	`245,578`
`Amountsowedbysubsidiaryundertaking`	`286,774`	`91,620`
`Otherdebtors`	`8,872`	`14,354`
`Prepaymentsandaccruedincome`	`234,220`	`243,932`
	`754,704`	`595,484`

`15`	`Creditors:amountsfallingduewithinoneyear`
		`2022`		`2021`
		`£`		`£`
	`Schoolfeespaidonaccount`	`1,831,378`		`1,296,773`
	`Pupils’initialdeposits`	`1,144,114`		`1,057,977`
	`AmountsowedtoTeachers’Pension`	`67,967`		`73,160`
	`Taxationandsocialsecurity`	`100,168`		`99,180`
	`NetPresentValueofPensionsTrustdeficitrecoverycontributions`	`10,339`		`34,821`
	`Accrualsanddeferredincome`	`394,181`		`499,918`
	`CBILSloan`		`-`	`57,078`
	`Othercreditors`	`630,182`		`457,257`
		`4,178,329`		`3,576,164`
	`Noie:Pupils’initialdepositsfalldueforrepaymentwhenthe pupilleavestheSchooleitherbyway`		`ofrefundoroffset`
	`againstanymoniesowingatthatdate.Inthenormalcourseofevents,themajorityofdepositswillfall`		`dueaftermorethan`
	`oneyear.`
`16`	`Creditors:amountsfallingdueaftermorethanoneyear`
		`2022`		`2021`
		`£`		`£`
	`CBILSloan`		`-`	`192,922`
	`NetPresentValueofPensionsTrustdeficitrecoverycontributions`	`13,418`		`87,162`
	`Othercreditors`	`2,258`		`9,686`
		`15,676`		`289,770`
`17`	`Generalfunds— unrestricted`
		`2022`		`2021`
		`£`		`£`
	`At1 September`	`5,870,251`		`6,685,740`
	`Netoutgoingresources`	`(87,288)`		`(909,226)`
	`Gains/(losses)oninvestmentsarisingintheperiods`		`-`	`43,737`
	`Transferoffunds`	`50,000`		`50,000`
	`At31August`	`5,832,963`		`5,870,251`

`Restrictedfunds`
	`At1 September`	`=Incoming` `Outgoing`	`Gainsand`		`Transferof`	`At31August`
	`2021`	`~=resources` `resources`	`losses`		`funds`	`2022`
	`£`	`£` `£`	`£`		`£`	`£`
`Scholarship,Bursary` `andPrizeFund`	`436,164`	`5,912` `-`		`-`	`(50,000)`	`392,076`
`SmallHallFund`	`7,502`	`815` `-`		`-`	`-`	`8,317`
	`443,666`	`6,727` `-`		`-`	`(50,000)`	`400,393`
	`At1September`	`—=Incoming` `Outgoing`	`Gainsand`		`Transferof`	`At31August`
	`2020`	`resources` `resources`	`losses`		`funds`	`2021`
	`£`	`£` `£`	`£`		`£`	`£`
`Scholarship,Bursary` `andPrizeFund`	`460,959`	`4,722` `(2,565)`	`23,048`		`(50,000)`	`436,164`
`SmallHallFund`	`3,235`	`4,267` `-`		`-`	`-`	`7,502`
	`464,194`	`8,989` `(2,565)`	`23,048`		`(50,000)`	`443,666`
`TheHarrogateLadies’CollegeScholarship,`		`BursaryandPrizeFundisa` `linkedcharity`		`and`	`ismadeupof`	`manysmaller`
`funds,theoriginsofwhicharebequests,donationsandSpeechDayprizes,`			`whichwere`	`managedseparatelyuntil2002`
`whentheywereamalgamatedintoonefundundera CharityCommissionapprovedschemetomakethe`						`management`
`more-efficient:During:the`	`2014financialperiod,anadditionalfund,theHarrogateLadies’`			`CollegeScholarshipFund,-which.....`
`hadpreviouslybeena separateregistered`		`charity,wasamalgamatedinto`	`theHarrogate`		`Ladies’CollegeScholarship,`
`BursaryandPrizeFund.`	`ThefundsaretobeusedtofurthertheeducationofpupilsattendingHarrogateLadies’College`
`bytheawardsofscholarships,bursaries,`		`prizes,maintenanceallowances`	`andleavingexhibitions.The`			`£50ktransfer`
`occursannuallyfromthe`	`restrictedfundinordertofundbursariesthroughtheCollege.`

`lysisofNetAssetsbetweenfunds`
	`Unrestrictedfunds`	`Restrictedfunds`		`Totalfunds`
	`£`	`£`		`£`
`Fundbalancesat31August2022arerepresentedby:`
`Tangiblefixedassets`	`6,387,136`		`-`	`6,387,136`
`investments`	`2`		`-`	`2`
`Currentassets`	`3,639,831`	`400,393`		`4,040,224`
`Creditors`	`(4,194,006)`		`-`	`(4,194,006)`
	`5,832,963`	`400,393`		`6,233,356`
	`Unrestrictedfunds`	`_Restrictedfunds`		`Totalfunds`
	`£`	`£`		`£`
`Fundbalancesat31August2021arerepresentedby:`
`Tangiblefixedassets`	`6,622,459`		`-`	`6,622,459`
`Investments`	`2`		`-`	`2`
`Currentassets`	`3,113,724`	`443,666`		`3,557,390`
`Creditors`	`(3,865,934)`		`-`	`(3,865,934)`
	`5,870,251`	`443,666`		`6,313,917`

`conciliationofmovementintotalfunds`
	`2022`	`2021`
	`£`	`£`
`Resultforthefinancialperiod`	`(80,561)`	`(902,802)`
`Gains/(losses)oninvestments`	`-`	`66,785`
`Netmovementinfunds`	`(80,561)`	`(836,017)`
`Openingfunds`	`6,313,917`	`7,149,934`
`Closingfunds`	`6,233,356`	`6,313,917`
`conciliationofnetmovementinfundstonetcashinflowfromoperatingactivities`
	`2022`	`2021`
	`£`	`£`
`Netoutgoingresources`	`(80,561)`	`(902,802)`
`Investmentincome`	`(232)`	`(10,687)`
`Interestpaid`	`282`	`1,385`
`Operatinglossfortheperiod`	`(80,511)`	`(912,104)`
`Depreciationcharge`	`320,773`	`331,251`
`Decreaseinstocks`	`-`	`23,290`
`(Decrease)indebtors`	`(159,220)`	`(165,467)`
`Increase/(decrease)increditors`	`385,149`	`1,250,709`
`Netcashinflowfromoperatingactivities`	`409,114`	`527,679`
`At1`	`Cashflow`	`At31August`
`September` `3n54` `2021`		`2022`
`£`	`£`	`£`
`Cashinhand` `1,859`	`1,178`	`3,037`
`Cashatbank` `2,960,047`	`322,436`	`3,282,483`
`Netcash` `2,961,906`	`323,614`	`3,285,520`
	`2022`	`2021`
	`£`	`£`
`Increaseincashinperiod`	`323,614`	`2,082,501`
`Changeinnetcashresultingfromcashflows`	`323,614`	`2,082,501`
`Netcashat` `1September`	`2,961,906`	`879,405`
`Netcashat31August`	`3,285,520`	`2,961,906`

`eratingleases`
	`2022`	`2021`
	`£`	`£`
`At31August2022,thetotalofthecompany’sfutureminimumleasepaymentsunder`
`non-cancellableoperatingleaseswas:`
`Withinoneyear`
`Otherleases`	`36,030`	`31,989`
`LandandBuildings`	`393,140`	`378,893`
`Twotofiveyears`
`Otherleases`	`171,150`	`33,868`
`LandandBuildings`	`1,572,558`	`1,670,027`
`Over5 years`
`LandandBuildings`	`21,229,916`	`22,638,702`

`resentvaluesofProvision`
	`31August2022(£000)`	`31August2021(£000)`	`31August2020(£'000)`
`PresentValueofProvision`	`24`	`122`	`155`
`econciliationofOpeningandClosingProvisions`
		`Periodending31August`	`Periodending31August`
		`2022(£°000)`	`2021(£’000)`
`Provisionatstartofperiod`		`122`	`155`
`Unwindingofthediscountfactor(interestexpense)`		`1`	`4`
`Deficitcontributionpaid`		`(24)`	`(34)`
`Remeasurements- impactofanychangeinassumptions`		`(1)`	`-`
`Remeasurements.-amendmentstothecontributionschedule`		`(74)`	`-`
`Provisionatendofperiod`		`24`	`122`

`IncomeandExpenditureImpact`
		`Periodending31August`	`Periodending31August`
		`2022(£000)`	`2021`	`(£000)`
`Interestexpense`		`4`		`1`
`Remeasurements— impactofanychangeinassumptions`		`(1)`		`-`
`Remeasurements— amendmentstothecontributionschedule`		`(74)`		`-`
`Costsrecognisedinincomeandexpenditureaccount`		`(74)`		`1`
`Assumptions`
`31August2022(%perannum)`	`31August`	`2021(%perannum)`	`31August2020(%perannum)`
`RateofDiscount` `4.46`		`0.63`	`0.55`

`Year`	`ending`	`August`	`August`	`August`
		`(£’000)`	`(£’000)`	`(£°000)`
`Year`	`1`	`10`	`35`	`34`
`Year`	`2`	`10`	`36`	`35`
`Year`	`3`	`4`	`37`	`36`
`Year`	`4`		`16`	`7`
`Year`	`5`		`~`	`16`
`Year`	`6`		`7`	`-`
`Year`	`7`		`-`	`-`
`Year`	`8`		`-`	`-`
`Year`	`9`		`-`	`-`
`Year`	`10`		`-`	`:`