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|---|---|---|
|Trustees'
report||1-13|
|Trustees' responsibilities
statement||14|
|Independent
auditors'|report on the financial statements|15-18|
|Statement offinancial|activities|19-20|
|Balance sheet||21 - 22|
|Statement ofcash flows||23|
|Notes to the financial|statements|24 - 53|
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||||TRUSTEES' REPORT (CONTINUED)|TRUSTEES' REPORT (CONTINUED)|
|---|---|---|---|---|
||||FOR THE YEAR ENDED 31AUGUST 2022||
|Company|registered||||
|number|||00050404||
|Charity registered|||||
|number|||529686||
|Registered||office|Scarborough
College||
||||Filey Road||
||||Scarborough||
||||North Yorkshire||
||||YO11 3BA||
|Independent||auditor|Armstrong
Watson Audit|Limited|
||||Chartered
Accountants||
||||Third Floor||
||||10South Parade||
||||Leeds||
||||West Yorkshire||
||||LS1 5QS||
|Bankers|||Lloyds||
||||1 St Nicholas Street||
||||Scarborough||
||||North Yorkshire||
||||YO11 2YY||
|Solicitors|||Lupton Fawcett Denison|Till|
||||Yorkshire House||
||||East Parade||
||||Leeds||
||||LS1 5SD||
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|||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|
|||funds|funds|funds|funds|funds|
|||2022|2022|2022|2022|202'I|
||Note|8|8|8|6||
|Income and|||||||
|endowments
from:|||||||
|Donations and|||||||
|legacies||767,624|||767,624|12,558|
|Charitable
activities||6,165,676|109,812||6,275,488|5,431,107|
|Other trading|||||||
|activities||313,622|||313,622|189,250|
|Investments||742|||742|1,154|
|Other income||4,364|||4,364|54,589|
|Total income and|||||||
|endowments||7,252,028|109,812||7,361,840|5,588,758|
|Expenditure
on:|||||||
|Raising funds|9|351,032|||351,032|423,551|
|Charitable
activities|10|6,227,278|110,812||6,338,090|5,430,935|
|Other expenditure|11|348,122|||348,122|489,529|
|Total expenditure||6,926,432|110,812||7,037,244|5,344,015|
|Net (expenditure)l|||||||
|income before other|||||||
|recognised
gains||325,596|(1,000)||324,596|(655,258)|
|Other recognised|||||||
|gains:|||||||
|Actuarial
gains/|||||||
|(losses) on defined|||||||
|benefit schemes||24,776|||24,776|2,990|
|Net movement
in|||||||
|funds||350,372|(1,000)||349,372|(552,258)|
##
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||||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|funds|
||||2022|2022|2022|2022|2021|
|||Note|6|6|6|6|5|
|Reconciliation|of|||||||
|funds:||||||||
|Total funds brought||||||||
|forward|||2,299,310|75,874|102|2,375,286|3,027,554|
|Net movement|in|||||||
|funds|||350,372|(1,000)||349,372|(652,268)|
|Total funds carried||||||||
|forward|||2,649,682|74,8?4|102|2,724,658|2,375,286|
##
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##
|||Note||2022f||2021f|
|---|---|---|---|---|---|---|
|Fixed assets|||||||
|Intangible assets||16||28,694||39,026|
|Tangible assets||17||?,910,735||7,288,116|
|||||7,939,429||7327142|
|Current assets|||||||
|Stocks||18|||7,174||
|Debtors||19|5,074,145||4,318,774||
|Cash at bank and|in hand||1,282,953||1,181„938||
||||6,357,098||5,507,886||
|Creditors: amounts|falling due within one||||||
|year||20|(8,562,183)||(6,982,083)||
|Net current
liabilities||||(2,205,085)||(1,474,197)|
|Total assets less|current liabilities|||5,734,344||5,852,945|
|Creditors: amounts|falling due after more||||||
|than one year||21||(2,582,335)||(2,669,071)|
|Provisions
for liabilities||22||(427,351)||(808,588)|
|Total net assets||||2,724,658||2,375,286|
##
##
||||||Note|2022f|2021
6|
|---|---|---|---|---|---|---|---|
|Cash flows from operating||activities||||||
|Net cash used in operating|activities||||26|530,848|1,308,627|
|Cash flows from investing||activities||||||
|Interest received||||||742|1,154|
|Purchase of intangible assets|||||||(27,028)|
|Purchase oftangible fixed assets||||||(229,137)|(220,796)|
|Interest payable||||||(125,617)|(126,107)|
|Net cash used in investing||activities||||(354,012)|(374,777)|
|Cash flows from financing||activities||||||
|Loan repayments||||||(75,701)|(56,260)|
|Capital repayments||||||(120)|(120)|
|Net cash used in financing||activities||||(75,821)|(56,380)|
|Change
in cash and cash|equivalents||in|the year||101,015|877,470|
|Cash and cash equivalents|at the beginning|||ofthe year||1,181,938|304,468|
|Cash and cash equivalents||at the end of||the year|27|1,282,953|1,181,938|
|The notes on pages 24 to 53||form part ofthese financial statements||||||
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|||||||Unrestricted|Restricted||Total|
|---|---|---|---|---|---|---|---|---|---|
|||||||funds|funds||funds|
|||||||2022|2022||2022|
|||||||6|||8|
|Donations||||||767,624||767,624||
|||||||Unrestricted|Restricted||Total|
|||||||funds|funds||funds|
|||||||2021|2021||2021|
|||||||5||||
|Donations||||||6,558|6,000||12,558|
|Included|within|the income from||donations|is an amount of6767,624 which||relates to a donation||from a|
|related|party for|the construction||ofan athletics track on the College's Bramcote site.||||||
|Income|from charitable||activities|||||||
|||||||Unrestricted|Restricted||Total|
|||||||funds|funds||funds|
|||||||2022|2022||2022|
|||||||6|6||F|
|Fees generated||from the|Provision of Education|||6,165,676|109,812|6,275,488||
|||||||Unrestricted|Restricted||Total|
|||||||funds|funds||funds|
|||||||2021|2021||2021|
|||||||5|5|||
|Fees generated||from the|Provision of Education|||5,283,989|147,118|5,431,107||
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|||||Unrestricted|Total|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2022|2022|
|||||6|6|
|Other Trading||Income||46,744|46,744|
|School Holiday||and Hiring Income||31,462|31,462|
|Special Educational|||Needs Income|98,578|98,578|
|Bus Income||||123,463|123,463|
|Registration|Fees|||13,375|13,375|
|Total 2022||||313,622|313,622|
|||||Unrestricted|Total|
|||||funds|funds|
|||||2021|2021|
||||||6|
|Other Trading||Income||30,407|30,407|
|School Holiday||and Hiring Income||6,984|6,984|
|Special Education|||Needs Income|59„123|59,123|
|Bus Income||||80,215|80,215|
|Registration|Fees|||12,521|12,521|
|Total2021||||189,250|189,250|
##
|Unrestricted|Total|
|---|---|
|funds|funds|
|2022
6|2022f|
|742|742|
##
##
##
|Unrestricted|Total|
|---|---|
|funds|funds|
|2021f|2021f|
|1,154|1,154|
|Unrestricted|Total|
|---|---|
|funds|funds|
|2022f|2022f|
|4,364|4,364|
|Unrestricted|Total|
|---|---|
|funds|funds|
|2021f|2021|
|54,660|54,669|
##
##
##
||Unrestricted|Total|
|---|---|---|
||funds|funds|
||2022
6|2022f|
|Bank Loan Interest|125,614|125,614|
|Bank Charges|20,760|20,760|
|Bad Debts Write Off|(4,656)|(4,656)|
|Agent Commission|204,150|204,150|
|Debt Collection Fees|5,161|5,161|
|Other Interest|3|3|
|Total 2022|351,032|351,032|
||Unrestricted|Total|
||funds|funds|
||2021|2021|
|Bank Loan Interest|124,5'/1|124,511|
|Bank Charges|27,500|27,500|
|Bad Debts Write Off|41,757|41,757|
|Agent Commission|205,144|205,144|
|Debt Collection Fees|21,216|21,216|
|Other Interest|3,423|3,423|
|Total2021|423,551|423,551|
##
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##
##
##
|||Unrestricted|Restricted||
|---|---|---|---|---|
|||funds|funds|Total|
|||2022|2022
F.|2022f|
||Provision of Education|6,227,278|110,812|6,338,080|
|||Unrestricted|Restricted||
|||funds|funds|Total|
|||2021|2021|2021|
||Provision of Education|5,283,795|147,141|5,430,936|
|11.|Other expenditure||||
||||Unrestricted|Total|
||||funds|funds|
||||2022|2022|
||||6|6|
||Historic Legal Claim||348,122|348,122|
||||Unrestricted|Total|
||||funds|funds|
||||2021|2021|
|||||8|
||Historic Legal Claim||489,529|489,529|
##
##
##
##
|||Activities|||
|---|---|---|---|---|
|||undertaken|Support|Total|
|||directly|costs|funds|
|||2022|2022|2022|
|||6|6|6|
|Provision|ofEducation|5,301,794|1,036,296|6,338,090|
|||Activities|||
|||undertaken|Support|Totai|
|||directly|costs|funds|
|||2021|2021|2021|
|Provision|ofEducation|4,527,979|902,957|5,430,936|
##
##
##
||||||||Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||||funds|funds|
||||||||2022|2021|
||||||||6||
|Salaries|||||||416,623|394,410|
|Staff Superannuation|||||||16,535|12,755|
|HR Services|||||||8,066|14,049|
|Advertising|||||||163,722|136,449|
|Telephone|||||||49,081|38,971|
|Postage|||||||90,303|119,774|
|Vehicles|||||||204,358|127,839|
|Auditors
remuneration|||||||10,650|12,000|
|Auditors
remuneration||for non|audit||work||1,995|6,590|
|Governors
indemnity
insurance|||||||3111|1,051|
|Legal and Professional||fees|||||52,712|27,355|
|Amortisation|||||||10,332|8,531|
|Depreciation|||||||8,808|3,173|
|Tots I|||||||1,036,296|902,957|
|Auditor's
remuneration|||||||||
||||||||2022|2021|
||||||||F|8|
|Fees payable|tothe Charity's||auditor||for the audit ofthe Charity's|annual|||
|accounts|||||||10,650|12,000|
|Fees payable|to the Charity's||auditor||in respect of:||||
|All non-audit|services not included|||above|||1,995|6,590|
##
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##
|Staff costs||||||
|---|---|---|---|---|---|
|||||2022|2021|
|Wages and|salaries|||2,742,196|2,752,224|
|Social security costs||||293,942|249,063|
|Contribution|to defined|contribution|pension schemes|364,140|315,704|
|||||3,400,278|3,316,991|
||||2022|2021|
|---|---|---|---|---|
||||No.|No.|
|Tuition|||73|61|
|Administration|and|Services|56|49|
||||129|110|
|2022|2021|
|---|---|
|No.|No.|
##
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##
|Intangible assets||||
|---|---|---|---|
|||Website||
||Marketing|Development||
||film|costs|Total|
||6|6||
|Cost||||
|At 1 September 2021|46,684|24,635|71,319|
|At 31 August 2022|46,684|24,635|71,319|
|Amortisation||||
|At 1 September 2021|23,260|9,033|32,293|
|Charge for the year|5,405|4,927|10,332|
|At 31 August 2022|28,665|13,960|42,625|
|Net book value||||
|At 31 August 2022|16,019|10,675|28,694|
|At 31August 2021|23,424|15,602|39,026|
##
##
##
|||Short||Assets||
|---|---|---|---|---|---|
||Freehold|leasehold|Fixtures and|under||
||property
6|improv'rnts
6|fittings
6|construction
8|Total
6|
|Cost or valuation||||||
|At 1 September 2021|6,642,301|88,461|3,859,936||10,590,698|
|Additions|84,144||144,993|767,323|996,460|
|Disposals|||(580)||(580)|
|At 31 August 2022|6,726,445|88,461|4,004,349|767,323|11,586,578|
|Depreciation||||||
|At 1 September 2021|263,752|12,713|3,026,117||3,302,582|
|Charge for the year|115,542|8,846|248,873||373,261|
|At 31 August 2022|379,294|21,559|3,274,990||3,675,843|
|Net book value||||||
|At 31 August 2022|6,347,151|66,902|729,359|767,323|7,910,735|
|At 31August 2021|6,378,549|75,748|833,819||7,288,116|
##
##
|||||2022f|2021|
|---|---|---|---|---|---|
|Due after one year||||||
|Trade debtors||||95,882|43,377|
|||||95,882|43,377|
|Due within one year||||||
|Trade debtors||||4,746,722|4,071,089|
|Other debtors||||42,209|57,446|
|Prepayments|and accrued income|||189,332|146,862|
|||||5,074,145|4,3f8,774|
|Creditors: Amounts||falling due within one year||||
|||||2022|2021|
|||||6|6|
|Bank loans||||77,654|66,739|
|Trade creditors||||289,626|283,394|
|Other taxation|and social security|||71,985|60,440|
|Obligations
under finance lease and hire purchase|||contracts|120|120|
|Other creditors||||1,323,506|546,858|
|Accruals and|deferred|income||6,799,292|6,024,532|
|||||8,562,183|6,982,083|
##
##
##
##
|Creditors: Amo|unts
falling due after|more than on|e year|||
|---|---|---|---|---|---|
|||||2022|2021|
|Bank loans||||2,580,655|2,667,271|
|Net obligations|under finance lease and|hire purchase|contracts|1,680|1,800|
|||||2,582,335|2,669,071|
|Included
within|the above are amounts|falling due as|follows:|||
|||||2022|2021|
||||||6|
|Between one and two years||||||
|Bank loans||||81,043|80,404|
|Between two and five years||||||
|Bank loans||||256,855|244,259|
|Over five years||||||
|Bank loans||||2,242,757|2,342,608|
##
##
|||Legal|Pension||
|---|---|---|---|---|
|||Provision|Provision|Total|
|||5|6|8|
|At 1 September 2021||450,000|358,588|808,588|
|Additions||345,096|(21,077)|324,019|
|Amounts|used|(705,256)||(705,256)|
|||89,840|337,511|427,351|
##
##
|Statement offun|ds|- current|year|||||
|---|---|---|---|---|---|---|---|
||||Balance at 1||||Balance at|
||||September|||Gains/|31August|
||||2021|Income|Expenditure|(Losses)|2022|
|||||6|6|6|6|
|Unrestricted
funds||||||||
|Called up share|capital|||||||
|Called up share capital|||5,507||||5,507|
|General funds||||||||
|General Funds -|all|funds|2,278,563|?,252,028|(6,926,432)|24,776|2,628,935|
|Revaluation
reserve|||15,240||||15,240|
||||2,293,803|7,252,028|(6,926,432)|24,776|2,644,175|
|Total Unrestricted||funds|2,299,310|?,252,028|(6,926,432)|24,776|2,649,682|
|Endowment
funds||||||||
|Endowment
Funds||- all funds|102||||102|
|Restricted funds||||||||
|Peggy Bailey Legacy|||73,470||||73,470|
|Early Years|||1,304|109,812|(110,812)||304|
|Cricket Pavillion|Fund||1,100||||1,100|
||||75,874|109,812|(110,812)||74,8?4|
|Total offunds|||2,375,286|7,361,840|(7,037,244)|24,776|2,724,658|
##
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##
|Statement offu|nds - prior year||||||
|---|---|---|---|---|---|---|
||Balance at|||||Balance at|
||1September|||Transfers|Gainsr|31August|
||2020|Income|Expendituref|in/out
6|(Losses)|2021|
|Unrestricted|||||||
|funds|||||||
|Called up|||||||
|share capital|||||||
|Called up share
capital|5,507|||||5,507|
|General funds|||||||
|General Funds|2,930,808|5,535,640|(6,196,875)|6,000|2,990|2,278,563|
|Revaluation|||||||
|Reserve|15,240|||||15,240|
||2,946,048|5,535,640|(6,196,875)|6,000|2,990|2,293,803|
|Total|||||||
|Unrestricted|||||||
|funds|2,951,555|5,535,640|(6,196,875)|6,000|2,990|2,299,310|
|Endowment|||||||
|funds|||||||
|Endowment|||||||
|Funds - all|||||||
|funds|102|||||102|
|Restdcted|||||||
|funds|||||||
|Peggy Bailey
Legacy|73,470|||||73,470|
|Early Years|1,327|147,118|(147,141)|||1,304|
|Cricket|||||||
|Pavillion
Fund|1,100|||||1,100|
|Projector Fund||6,000||(6,000)|||
||75,897|153,118|(147,141)|(6,000)||75,874|
##
##
##
##
|Summary|offund|s - current y|ear|||||
|---|---|---|---|---|---|---|---|
||||Balance at 1||||Balance at|
||||September|||Gainsl|31August|
||||2021|Income|Expenditure|(Losses)|2022|
|||||6|6|6||
|Designated|funds||5,507||||5,507|
|General funds|||2,293,803|7,252,028|(6,926,432)|24,776|2,644,175|
|Endowment|funds||102||||102|
|Restricted|funds||75,874|109,812|(110,812)||74,874|
||||2,375,286|7,361,840|(7,037,244)|24,776|2,724,658|
|Summary|offunds - prior year|||||||
|||Balance at|||||Balance at|
|||1September|||Transfers|Gains/|31August|
|||2020|income
f|Expenditure
6|infout
L|(Losses)|2021|
|Designated
funds||5,507|||||5,507|
|General funds||2,946,048|5,535,640|(6,196,875)|6,000|2,990|2,293,803|
|Endowment||||||||
|funds||102|||||102|
|Restricted||||||||
|funds||75,897|153,1'/8|(147,141)|(6,000)||75,874|
|||3,027,554|5,688,758|(6,344,016)||2,990|2,375,286|
##
##
|Analysis|ofnet assets|between funds -|current year||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Endowment|Total|
||||funds|funds|funds|funds|
||||2022|2022|2022|2022|
||||||6|6|
|Tangible fixed assets|||7,910,735|||7,910,735|
|Intangible|fixed assets||28,694|||28,694|
|Debtors due after more||than one year|95,882|||95,882|
|Current assets|||6,186,240|74,874|102|6,261,216|
|Creditors|due within one year||(8,562,183)|||(8,562,183)|
|Creditors|due in more than one year||(2,582,335)|||(2,582,335)|
|Provisions|for liabilities|and charges|(427,351)|||(427,351)|
|Total|||2,649,682|74,874|102|2,724,658|
|Analysis|ofnet assets between funds -|prior year||||
|---|---|---|---|---|---|
|||Unrestricted|Restncfed|Endowment|Total|
|||funds|funds|funds|funds|
|||2021|2021|2021f|2021|
|Tangible fixed assets||7,288,116|||7,288,116|
|Intangible|fixed assets|39,026|||39,026|
|Debtors due after more than one year||43,377|||43,377|
|Current assets||5,388,533|75,874|102|5,464,509|
|Creditors|due within one year|(6,982,083)|||(6,982,083)|
|Creditors|due in more than one year|(2,669,071)|||(2,669,071)|
|Provisions|for liabilities and charges|(808,588)|||(808,588)|
|||2,299,310|75,874|102|2,375,286|
##
|26.|Reconciliation
ofnet|Reconciliation
ofnet|movement|in funds to net|in funds to net|cash flow|from operating|activities||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2022|2021|
|||||||||6||
||Net
income/expenditure||for the|year|(as per|Statement|of Financial|||
||Activities)|||||||324,596|(655,258)|
||Adjustments
for:|||||||||
||Depreciation
charges|||||||383,593|320,587|
||Impairment
charges||||||||94,400|
||Interest received|||||||(742)|(1,154)|
||Interest paid|||||||125,617|128,107|
||Decrease in stocks|||||||7,174|4,434|
||Increase
in debtors|||||||(755,371)|(116,074)|
||Increase
in creditors|||||||1,569,185|1,117,746|
||Decrease in provision|||||||(356,461)|415,859|
||Donated fixed asset|||||||(767,323)||
||Loss on disposal offixed asset|||||||580||
||Net cash provided|by operating||activities||||530,848|1,308,627|
|27.|Analysis ofcash and||cash equivalents|||||||
|||||||||2022|2021f|
||Cash in hand|||||||1,282,953|1,181,938|
||Total cash and cash equivalents|||||||1,282,953|1,181,938|
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|Contributions
to three schemes
during the y|ear were based o|n the following
perce|ntages
ofsalary:-|
|---|---|---|---|
||Employer|Employee|Total|
|Independent
Schools' Pension Scheme
Aviva Pension Scheme|So/o
16.4'/o|8'/o
7.4'/o - 11.7~/o|16'/o
23.8/o - 28.1 /o|
|People's Pension|3'/o|5'/o|8'/o|
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||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
||||||||F|5|
|Reconciliation|ofOpening||and|Closing|Provisions||||
|Provision at start of period|||||||358,588|395,719|
|Unwinding
ofthe discount factor||||(interest|expense)||3,699|3,378|
|Deficit contribution||paid|||||(38,645)|(37,519)|
|Remeasurements||- impact|ofany|change|in assumptions||(56,028)|(2,990)|
|Remeasurements||-amendments||to the contribution||schedule|69,897||
|Provision at end||ofperiod|||||337,511|358,588|
||||||||2022|2021|
||||||||6|8|
|Income and Expenditure|||Impact||||||
|Interest expense|||||||3,699|3,378|
|Remeasurements||-impact|ofany|change|in assumptions||(56,028)|(2,990)|
|Remeasurements||-amendments||to the contdibution||schedule|69,897||
||||||||17,568|388|
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||||2022|2021|
|---|---|---|---|---|
||||6|5|
|Nonwancellable|operating|leases|||
|Within one year|||182,673|141,067|
|Between one and|five years||399,887|325,576|
|In more than five|years||385,093|435,036|
||||967,653|901,679|
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|Minimum
lease payments
under hire purchase
fall due|as follows:||
|---|---|---|
||2022|2021|
||6||
|Within one year|120|120|
|Between one and five years|480|480|
|In more than five years|1,200|1,320|
||1,800|1,920|
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