2020-08-31-accounts - War Memorial Endowment Fund

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Index					Page
Trustee, Governors, Officers and Advisers					1-2
The Report ofthe Trustee (including	Strategic Report)				3-11
Independent Auditors' Report to the	Board ofthe Trustee ofHymers		College		12-14
Consolidated statement offinancial	activities (incorporating	an income 8 expenditure		account)	15
Balance sheets					16
Consolidated cash flow statement					17
Notes to the consolidated cash flow	statement				18
Charity cash flow statement					19
Notes to the Charity cash flow statement					20
Principal accounting policies					21-24
Notes to the consolidated financial	statements				25-52

				Unrestricted	Restricted	Endowment	2020
Income			Note	Funds f	Funds f	Fundf	Totalf	2019f
Donations and legacies				38,736	89,273		128,009	124,941
Other trading activities				136,891			136,891	196,881
Investment income				55	2,614	3,463	6,132	7,242
Charitable activities:
- Tuition and associated	income		5	9,551,730			9,551,730	9,458,840
Ancillary trading income			5	139,252			139,252	255,535
Other incoming resources				1,066			1,066	1,521
Total income				9,867,730	91,887	3,463	9,963,080	10,044,960
Expenditure
Raising funds:
Fundraising			7	19,761			19,761	20,685
Trading cost ofgoods		sold	7	1B0,599			160,599	148,349
Charitable activities:
Tuition and associated costs			7	9,333,979	5,367		9,339,348	9,388,655
Other
Pension deBcit reduction costs —interest			7,16	1,718			1,718	5,000
Loss on disposal of asset	fixed							485
Total expenditure			7	9,516,057	5,367		9,521,424	9,563,174
Net income				351,673	86,520	3,463	441,656	481,786
Tax on profit on trading activities			6	(3,144)			(3,144)	(8,412)
Remeasurement of pension		deficit	16	1,173			1,173	78,000
Net movement in funds				349,702	86,520	3,463	439,685	551,374
Fund balances brought forward at 1 September 2019				13,051,847	223,972	239,780	13,515,599	12,964,225
Reclassification of property and development fund	fund			20,389	(20,389)
Fund balances carried forward
at 31August 2020			17	13,421,938	290,103	243,243	13,955,284	13,515,599

			BALAN	CE SHEETS -	31AUGUST 20	20
				Group	Group	Charity	Charity
			Note	2020 6	2019	2020f	2019 E
Fixed assets
Tangible assets			10	'l2,323,619	12,569,800	10,703,171	10,927,933
Investments			12			1,179,743	1,190,801
Total fixed assets				12,323,619	12,569,800	11,882,914	12,118,734
Current assets
Stocks				95„001	69,214	38,181	42,886
Debtors			13	170,465	330,842	811,672	954,534
Cash at bank and in	hand			3,180,657	2,503,959	2,959,918	2,293,478
Total current assets				3,446,123	2,904,015	3,809,771	3,290,898
Creditors —amounts due within one year	falling		14	(1,650,043)	(1,761,920)	(1,591,201)	(1,718,313)
Net current assets				1,796,080	1,142,095	2,218,570	1,572,585
Total assets less current liabilities				14,119,699	13,711,895	14,101,484	13,691,319
Provision for pension	deficit		16	(164,415)	(196,296)	(164,415)	(196,296)
Total net assets			23	13,955,284	13,515,599	13,937,069	13,495,023
The funds ofthe charity:
Unrestricted income		funds	17	13,421,938	13,051,847	13,403,723	13,031,271
Restricted funds
Other restricted funds			17	55,000		55,000
Centenary 8 J Hymers Bursary Funds			17,19	105,610	96,719	105,610	96,719
Other funds			17,21	129,493	127,253	129,493	127,253
Endowment funds
Permanent Endowment		fund	17,22
EG Mallalieu Bursary		fund	17,20	243,243	239,780	243,243	239,780
Total charity funds			17	13,955,284	13,515,599	13,937,069	13,495,023

			2020	2020	2019	2019
		Note		F		E
Net cash activities	inflow from operating			1,051,422		1,248,994
Cash flows from investing
activities
Interest from investments			6,132		7,242
Purchase	oftangible fixed assets		(380,856)		(637,610)
Net cash	oufflow from
investing	activities			(374,724)		(630,368)
Cash inflow				676,698		618,626
Net funds	at 1 September 2019			2,503,959		1,885,333
Net funds	at 31August 2020	B		3,180,657		2,503,959

						2020	2019
						F	E
Net incoming resources					439,685		551,374
Depreciation						627,037	694,246
Loss on disposal oftangible		fixed assets					485
					1,066,722		1,246,105
Interest receivable						(6,132)	(7,242)
Unwinding ofdiscounted	pension			provision		1,718	5,000
Pension deficit payment	in year					(34,772)	(38,468)
Increase/ (Decrease) in	pension			liability		1,173	(78,000)
(Increase)/ Decrease in	stocks					(25,787)	27,538
Decrease in debtors						160,377	80,872
Tax paid						7,317	5,186
(Decrease)/ Increase in	creditors				(119,194)		8,003
Net cash inflow from operating			activities		1,051,422		1,248,994
B ANALYSIS OF CASH AND				CASH EQUIVALENTS
				At 31 August		At	31 August
				2019	Cash flows		2020
				F	6
Cash —final term deposits				196,240	(5,280)		190,960
Cash —general accounts				1,009,950	1,507,110		2,517,060
Centenary/JH Bursary Funds				96,718	8,892		105,610
EG Mallalieu Bursary Fund		cash		239,780	3,463		243,243
Other Funds cash				961,271	(837,487)		123,784
				2,503,959	676,698		3,180,657

			2020	2020	2019	2019
		Note	E	8		2
Net cash activities	inflow from operating			1,040,844		1,209,560
Cash flows from investing
activities
interest from investments			6,452		7,242
Purchase	oftangible fixed assets		(380,856)		(637,610)
Net cash	outflow from
investing	activities			(374,404)		(630,368)
Cash inflow				666,440		579,192
Net funds	at 1 September 2019			2,293,478		1,714,286
Net funds	at 31August 2020	B		2,959,918		2,293,478

					2020	2019
Net incoming resources					442,046	544,860
Depreciation					605,618	672,828
Loss on disposal oftangible		fixed assets				485
Reversal of impairment					11,058	(6,344)
					1,058,722	1,211,829
Interest receivable					(6,452)	(7,242)
Unwinding ofdiscounted	pension			provision	1,718	5,000
Pension deficit payment	in year				(34,772)	(38,468)
Increase/(Decrease) in	pension			liability	1,173	(78,000)
Decrease in stocks					4,705	26,062
Decrease in debtors					142,862	102,614
(Decrease) in creditors					(127,112)	(12,235)
Net cash inflow from operating			activities		1,040,844	1,209,560
B ANALYSIS OF CASH AND				CASH EQUIVALENTS
				At 31 August	At	31 August
				2019	Cash flows	2020
				E
Cash —final term deposits				196,240	(5,280)	190,960
Cash —general accounts				799,469	1,496,852	2,296,321
Centenary/JH Bursary Funds				96,718	8,892	105,610
E G Mallalieu Bursary Fund		cash		239,780	3,463	243,243
Other Funds cash				961,271	(837,487)	123,784
				2,293,478	666,440	2,959,918

							2020f	2019 8
Net income is stated after charging					amounts	payable to the
auditors (including		irrecoverable		VAT) in respect of:
Group and Charity
Audit services	-	Hymers College					19,200	17,400
	-	Teachers Pension			Scheme		1,800	1,800
Taxation compliance			and advisory		services		25,044	8,149
Group
Loss on disposal		of	fixed assets					485
Depreciation							627,037	694,246
impairment oftrade			debtors				60,539	(11,608)
Impairment of inventory							88	(2,413)
Other operating	lease rentals						32,200	30,665
2. DONATIONS			AND LEGACIES
							2020	2019
								5
Donations							128,009	124,941
3. OTHER TRADING ACTIVITIES
							2020	2019
							F	8
School shop							79,625	98,503
Hire of premises		and facilities					32,254	59,121
Feed-in-Tariff							18,767	18,402
Corporate lettings		income					5,963	20,134
Other income							282	721
							136,891	196,881

. EMPLOYEES
	2020f	2019 6
Group
Wages and salaries	5,241,341	5,208,028
Social security costs	511,555	502,844
Other pension costs	976,592	692,694
	6,729,488	6,403,566
	2020f	2019 6
Charity
Wages and salaries	5,232,935	5,202,057
Social security costs	511,340	502,844
Other pension costs	976,040	692,149
	6,720,315	6,397,050

he monthl	y averag	e number ofstaff analysed by function	is as follows:
			2020	2019
			Number	Number
Average	monthly	number ofpersonnel
Teaching	staff		106	109
Administration			17	17
Technicians			16	16
Welfare
Grounds	and maintenance
Cleaning	and catering		19	19
Sports Centre				15
			180	187

					2020
The number ofemployees		who received emoluments		in
excess	of660,000were:
F60,000	- F70,000
F70,001	- F80,000
F80,001	- 290,000
690,001	—F100,000
F100,000 - 6120,000
6120,000 - F140,000
Aggregate	pension costs for these staff amounted		toF109,881		(2019:F81,849).

2020	2019(restated)
6
133,393	164,036

				2020	2019
					E
Gross fees Registration)	from parents or guardians		(Incl. Music	10,221,077	10,257,436
Less: total bursaries,		grants and allowances		(1,093,811)	(1,194,291)
				9,127,266	9,063,145
Catering income				264,412	367,507
Coronavirus	Job Retention Scheme		grant	138,091
Grants received				21,961	28,188
Net fees				9,551,730	9,458,840

				2020	2019
				E	E
Ancillary	trading		income
Examination		fees	and other income	49,071	57,841
NCSincome				90,181	197,694
				139,252	255,535

6. TAX ON PR		FIT ON TRADING ACTI	VITIES
						2020	2019
						8	E
Major components oftax expense
Current tate
UK current tax	expense					3,144	7,316
Adjustments in		respect ofprior periods					1,096
Tax on profit						3,144	8,412
Reconciliation	oftax expense
The tax assessed		on the profit on ordinary	activities	in the subsidiary		companies for the year and the
previous year is	higher than the standard		rate ofcorporation		tax in the UK of 19'A (2019:19'Jo).
						2020	2019
						F	F
Profit on trading		activities by rate oftax				246	3,913
Adjustment to tax charge in respect of prior periods							1,096
Effect ofcapital		allowances and depreciation				3,427	3,941
Utilisation of losses							(538)
Impact on other		tax adjustments				(529)
Tax on profit on		trading activities				3,144	8,412

		Staff	Other	Depreciation	Governance
		costs	costs	and fair value	and support	2020	2019
				adjustment	cost
					allocation
Fundraising			19,761			19,761	20,685
Trading costs		9,173	151,426			160,599	148,349
Costs ofgenerating
funds		9,173	171,187			180,360	169,034
Tuition		5,845,951	684,475		495,321	7,025,747	6,894,532
Welfare including	catering	34,620	358,616		30,016	423,252	510,076
Premises and equipment		408,217	716,973	627,037	133,747	1,885,974	1,975,900
Remission, scholarships and costs			4,467		(94)	4,373	8,147
Governance and support cost allocation (see note 8)		431,527	227,463		(658,990)
Tuition and associated
costs		6,720,315	1,991,994	627,037		9,339,346	9,388,655
Loss on disposal assets	offixed						485
Pension deficit costs (see notes 16,24)			1,718			1,718	5,000
Loss on financial	assets at
fair value
Other costs			1,718			1,718	5,485
Total costs		6,729,488	2,164,899	627,037		9,521,424	9,563,174

Other costs comprise			2020	2019
			F	6
Subsidiary companies costs	ofsales		59,146	81,229
Pension deficit —interest payable			1,718	5,000
Educational costs			496,182	642,108
ITcosts			138,623	119,028
Welfare —medical costs			19,686	54,173
Catering —food and running	costs		373,550	452,341
Cleaning			42,330	35,825
Rates and water			91,330	76,909
Insurance			58,048	64,106
Heating and lighting			269,713	309,643
Repairs and maintenance			319,160	242,245
Security			29,718	19,920
Remission scheme and examination		fees	8,598	11,012
Marketing and prospectus			19,760	20,685
Governance and support costs			227,463	261,188
NCS expenses			9,874	69,950
			2,164,899	2,465,362

			2020		2019
			6		8
Audit services			21,000		19,200
Financial advice and		accountancy	25,044		8,149
Legal fees and	claim		59,808	'	45,553
Other miscellaneous		expenses	12,517		46,265
Printing and stationery			5,406		2,583
Bank charges			7,466		8,352
Administrative	staff costs		408,856		417,999
Governance staff costs			22,671		22,904
Telephone			26,956		25,232
Other marketing			34,469		74,504
Insurance			34,797		31,350
			658,990		702,091

			Governance	Support	2020	2019
			F	E	6
Audit services			21,000		21,000	19,200
Financial advice and accountancy			25,044		25,044	8,149
Legal fees and	claim		59,808		59,808	45,553
Other miscellaneous		expenses	2,043	10,474	12,517	46,265
Printing and stationery				5,406	5,406	2,583
Bank charges				7,466	7,466	8,352
Administrative	staff costs			408,856	408,856	417,999
Governance staff costs			22,671		22,671	22,904
Telephone				26,956	26,956	25,232
Other marketing				34,469	34,469	74,504
Insurance				34,797	34,797	31,350
			130,566	528,424	658,990	702,091

0. TANGIBLE FIXEDASSE	TS
	Freehold	College site	Furnishings,
	investment	and buildings,	equipment and
Group	property	plant and	vehicles	Total
		machinery
		6
Cost/valuation
1 September 2019	290,000	19,599,099	2,636,011	22,525,110
Additions		353,663	27,193	380,856
31August 2020	290,000	19,952,762	2,663,204	22,905,966
Accumulated depreciation
1 September 2019		7,699,198	2,256,112	9,955,310
Charge in year		506,283	120,754	627,037
31August 2020		8,205,481	2,376,866	10,582,347
Net book value
31August 2020	290,000	11,747,281	286,338	12,323,619
31 August 2019	290,000	11,899,901	379,899	12,569,800

10. TANGIBLE FIXEDASSETS	(CONTINUED}
	Freehold	College site	Furnishings,
Charity investment		and buildings,	equipment and
	property	plant and	vehicles	Total
		machinery
Cost/valuation
1 September 2019	290,000	17,161,971	2,623,875	20,075,846
Additions		353,663	27,193	380,856
31August 2020	290,000	17,515,634	2,651,068	20,456,702
Accumulated depreciation
1 September 2019		6,902,063	2,245,850	9,147,913
Charge in year		484,868	120,750	605,618
31August 2020		7,386,931	2,366,600	9,753,531
Net book value
31August 2020	290,000	10,128,703	284,468	10,703,171
31 August 2019	290,000	10,259,908	378,025	10,927,933

mount that s follows:	would have been recognised ifthe assets ha	d been carried under the historical cost mod
		Freehold
		investment
		property
		F
At 31August 2020
Aggregate	cost	300,000
Aggregate	depreciation
Carrying value		300,000
At 31August 2019
Aggregate	cost	300,000
Aggregate	depreciation
Carrying value		300,000

Group				2020f	2019
Payable	within	1 year		26,410	36,114
Payable	later	than	1 year, less than 5years	21,218	47,629
Charity				2020f	2019f
Payable	within	1 year		10,724	10,724
Payable	later	than	1 year, less than 5 years	11,618	22,342
12. INVESTMENTS
Charity					Investments in
					subsidiary
					undertakingsf
Cost
31 August 2020 and 2019					1,757,999
Provision
1 September 2019					567,198
Impairment					11,058
31 August 2020					578,256
Net book	amount 31 August 2020				1,179,743
Net book	amount 31 August 2019				1,190,801

	Country of	Company	Proportion of	Principal
	reg istration	number	shares	activity
The College Enterprises (Hull) Limited	England	02583012	100%	Property letting
The School Shop (Hull) Limited	England	02349803	100%	Supply of school uniforms
Botanic Sidings Limited	England	03796732	100%	Sports facilities

The trading results and below.	net assets,	as extracted fro	m the audited	financial state	ments, are sum	marised
			(Loss)l	Aggregate	Aggregate
	Income	Expenditure E	Profit 6	assets	liabilities f	Net assets E
Botanic Sidings Limited	34,755	(45,813)	(11,058)	1,191,928	(12,185)	1,179,743
The College Enterprises (Hull) Limited	41,000	(40,044)	956	605,626	(602,481)	3,145
The School Shop (Hull) Limited	168,657	(171,975)	(3,318)	145,996	(130,928)	15,068
2020	244,412	(257,832)	(13,420)	1,943,550	(745,594)	1,197,956
2019	280,241	(267,383)	12,858	1,890,410	(679,034)	1,211,376

13. DEBTORS
		Group 2020	Group 2019	Charity 2020	Charity 2019
			E	8	E
Due within one year
Trade debtors		2,885	129,554	2,791	129,539
Amounts owed by group undertakings				650,070	629,108
Other debtors		13,969	8,849	9,883	7,699
Prepayments and accrued income		153,611	192,439	148,928	188,188
		170,465	330,842	811,672	954,534
14. CREDITORS —AMOUNTS	FALLING	DUE WITHIN	ONE YEAR
		Group 2020	Group 2019	Charity 2020	Charity 2019
		E	8	8	E
Trade creditors		245,460	318,400	179,330	289,489
Amounts owed to group undertakings				20,799	2,897
Taxation and social security		243,083	215,830	238,890	204,938
Accruals		378,096	508,625	373,458	504,056
Deferred income		554,954	480,134	550,274	478,002
Other creditors		228,450	238,931	228,450	238,931
		1,650,043	1,761,920	1,591,201	1,718,313

Financial assets that are debt instruments measured at amortised cost	Financial assets that are debt instruments measured at amortised cost	Group 2020f	Group 2019f	Charity 2020f	Charity 2019
Trade debtors		2,885	129,554	2,791	129,539
Amounts owed by group undertakings				650,070	629,108
Other debtors		13,969	8,849	9,883	7,699
		16,854	138,403	662,744	766,346
Financial liabilities that instruments measured amortised cost	are debt at	Group 2020f	Group 2019f	Charity 2020f	Charity 2019f
Trade creditors		245,460	318,400	179,330	289,489
Amounts owed to group undertakings				20,799	2,897
Accruals		378,096	508,625	373,458	504,056
Other creditors		228,450	238,931	228,450	238,931
		852,006	1,065,956	802,037	1,035,373

		Provision	in	Total
		respect	of
		pension deficit
		reduction
			8
1 September 2019		196,296		196,296
Increase in the	year	1,173		1,173
Unwinding ofdiscount		1,718		1,718
Payment made	in year	(34,772)		(34,772)
31 August 2020		164,415		164,415
17. FUNDS
Group Funds				Unrestricted
				income funds
				F
1 September	2019			13,051,847
Income				9,867,730
Expenditure,	gains, losses and transfers			(9,497,639)
31August 2020				13,421,938
Group Funds				Unrestricted income funds
1 September	2018			11,248,943
Income				9,961,329
Expenditure,	gains, losses and transfers			(8,158,425)
				13,051,847

	EG Mallalieu Bursary	Other Restricted funds	Centenary &JH Bursary	Other funds	Total
	Fund		Funds
	F		E
1 September 2019	239,780		96,719	127,253	463,752
Income	3,463	55,000	13,358	23,529	95,350
Expenditure, gains, losses and transfers			(4,467)	(900)	(5,367)
Transfer of utilised
resources				(20,389)	(20,389)
31August 2020	243,243	55,000	105,610	129,493	533,346
Unrestricted income funds					13,421,938
Restricted income funds
(including linked charity)					533,346
Total funds					13,955,284

				Restricted	income
Group Funds		E G Mallalieu	Property	Centenary 8	Other	Endowment
		Bursary Fund	funds	JH Bursary	funds	Fund	Total
				Funds
1 September 2018		235,951	481,650	48,544	949,137		1,715,282
Income		3,829		55,713	24,089		83,631
Expenditure, gains, losses &transfers				(7,538)	(5,872)		(13,410)
Transfer of utilised resources			(2,401,235)		(840,101)		(3,241,336)
Transfer ofallocation depreciation	of		1,919,585				1,919,585
31August 2019		239,780		96,719	127,253		463,752
Unrestricted income	funds						13,051,847
Restricted income funds (Including linked charity)							463,752
							13,515,599

harity Fund	s
		Unrestricted
		income funds
		6
1 September	2019	13,031,271
Income		9,649,200
Expenditure,	gains, losses and transfers	(9,276,748)
31Auust	020	13,403,723

				Restricted	income
Charity Funds		EG	Other	Centenary	Other	Endowment
		Mallalieu	Restricted	&J Hymers	funds	fund	Total
		Bursary	funds	Bursary
		Fund		Funds
				5
1 September 2019		239,780		96,719	127,253		463,752
Income		3,463	55,000	13,358	23,529		95,350
Expenditure, losses and	gains, transfers			(4,467)	(900)		(5,367)
Transfer of resources	utilised				(20,389)		(20,389)
31August	2020	243,243	55,000	105,610	129,493		533,346
Unrestricted	income funds						13,403,723
Restricted	income funds (including		linked charity)				533,346
Totalfund							13,937,069

	EG	Property	Centenary	Other	Endowment
	Mallalieu	funds	&J Hymers	funds	fund	Total
Charity Funds	Bursary		Bursary
	Fund		Funds
	F
1 September 2018	235,951	481,650	48,544	949,137		1,715,282
Income	3,829		55,713	24,089		83,631
Expenditure, gains, losses and transfers			(7,538)	(5,872)		(13,410)
Transfer of utilised resources		(2,401,235)		(840,101)		(3,241,336)
Transfer ofallocation ofdepreciation		1,919,585				1,919,585
31August 2019	239,780		96,719	127,253		463,752
Unrestricted income funds						13,031,271
Restricted income funds (including		linked charity)				463,752
Total funds						13,495,023

8. RESTRICTED	PROPER	TY FUNDS
			2020	2019
			F	E
Group and Charity
1 September 2019/2018				481,650
Incoming restricted	property	funds
Expenditure
Transfer of utilised	resources			(2,401,235)
Transfer ofallocation ofdepreciation				1,919,585
31August 2020/2019

Group and Charity	Group and Charity	2020	2019
		F	E
1 September 2019/2018		96,719	46,544
Bequests,	donations and accrued interest	13,358	55,713
Bursaries	given during year	(4,467)	(7,538)
31August	2020/2019	105,610	96,719

The Centenary Bursary Fund was set up to	The Centenary Bursary Fund was set up to	provide bursaries atthe discretion ofthe Headmaster.	provide bursaries atthe discretion ofthe Headmaster.	provide bursaries atthe discretion ofthe Headmaster.	provide bursaries atthe discretion ofthe Headmaster.	Itconsists
of restricted funds donated	for the purpose.
The John Hymers Bursary	Fund was launched		to provide future support for assisted		pupils.
0. LINKED CHARITY: E	G MALLALIEU	BURSARY FUND
Group and Charity				Bursary,
		Property		Scholarship
			Fund	Funds	2020	2019
			E	F		6
1 September 2019/2018			45,175	194,605	239,780	235,951
Interest			975	2,488	3,463	4,908
Bursaries given during year						(1,079)
31August 2020/2019			46,150	197,093	243,243	239,780

Group and Charity		Development				Lovell		Prize
		donationsf				Fund 6		Funds			2020 6		2019 6
1 September 2019/2018					121,170			6,083		127,253		949,137
Donation, gift aid and interest		20,389				2,614		526		23,529		24,089
Cost								(900)			(900)	(5,872)
Transfer of utilised resources		(20,389)								(20,389)		(840,101)
31 August 2020/2019					123,784			5,709		129,493		127,253
he Lovell Fund has	been established in memory				ofPeter Lovell			for the purpose of creating scholarships						at
he discretion ofthe	Governors.
he development donations		have been given	towards			the future		development		ofthe premises		of	the Charity
nd include receipts	from the Hymers Campaign				launched		in	October 2013. During the year					single and
ecurring gifts were	received	—some gift-aided.		The		entire fund		has been	utilised		on charitable		objectives
nd the appropriate	transfer	made to unrestricted			income funds.
2. ENDOWMENT FUND
The Permanent Endowment		Fund comprises	a gift of			endowment		of land and		buildings extending			to 8.43
ectares situated to	the south ofSunny Bank		and		the	west of	Hymers Avenue.			No value has		been ascribed
o this fund due to its historical nature.
There is no power vested to		the Governors to	convert			the capital, made up			of	land	and buildings		into
ncome.
23. ANALYSIS OF NET ASSETS BETWEEN					FUNDS
The net assets are held for the various funds			as	follows:
								Net current
Group 31August		Fixed asset	Tangible			fixed		assets/			Long term
2020		investments				assets		(liabilities)			Liabilities		Total
		6				F			6					6
Restricted funds								533,346					533,346
Unrestricted funds				12,323,619				1,262,734				13,586,353
Pension deficit											(164,415)		(164,415)
Endowment fund
				12,323,619				1,796,080			(164,415)	13,955,284

					Net current
Charity 31August		Fixed asset	Tangible	fixed	assets/	Long term
2020		investments	assets		(liabilities)	Liabilities	Total
		F
Restricted	funds				533,346		533,346
Unrestricted	funds	1,179,743	10,703,171		1,685,224		13,568,138
Provisions including Pension deficit						(164,415)	(164,415)
Endowment	fund
		1,179,743	10,703,171		2,218,570	(164,415)	13,937,069
Group 31August 2019		Fixed asset investments	Tangible	fixed assets	Net current assets/	Long term liabilities	Total
					(liabilities)
					F
Restricted	funds				463,752		463,752
Unrestricted	funds		12,569,800		678,343		13,248,143
Pension deficit						(196,296)	(196,296)
Endowment	fund
			12,569,800		1,142,095	(196,296)	13,515,599
Charity 31August 2019		Fixed asset investmentsf	Tangible fixed assets		Net current assets/ (liabilities) 6	Long term Liabilities	Total
Restdicted	funds				463,752		463,752
Unrestricted	funds	1,190,801	10,927,933		1,108,833		13,227,567
Provisions including Pension deficit						(196,296)	(196,296)
Endowment	fund
		1,190,801	10,927,933		1,572,585	(196,296)	13,495,023

Contributio	ns are ma	de at t	he following	rates:
				Employee	Employer
Automatic	Enrolment	Opted	in	5%	3%
Automatic	Enrolment	Opted	out	5%	10%

Transactions between the Charity and its	subsi	diaries during t	he year are as follows:
			2020	2019
			E	E
Income:
Salary recharge —The School Shop (Hull) Limited			8,039	6,516
interest receivable —The School Shop (Hull)		Limited	320	320
Interest receivable —The College Enterprises		(Hull) Limited	38,151	38,046
Ground rent —The College Enterprises	(Hull)	Limited	1,000	1,000
Repairs and maintenance recharge —Botanic		Sidings Limited	5,497
Management charges —Botanic Sidings	Limited		17,832	17,832
Expenditure
Office costs —The School Shop (Hull) Limited			48,032	48,482
Rent —The School Shop (Hull) Limited			41,000	41,000
Facilities hire —Botanic Sidings Limited			33,921	49,984
Rent —Botanic Sidings Limited			551	551
Intra-group balances between the Charity	and	its subsidiaries	at the year end are as follows:
			2020	2019
			F	F
Amounts owed by group undertakings:
The School Shop (Hull) Limited			43,450	41,929
The College Enterprises (Hull) Limited			596,665	587,179
Botanic Sidings Limited			9,955
			650,070	629,108

				Unrestricted	Restricted	Endowment
Income			Note	Funds 6	Fundsf	Fund 6	2019
Donations and legacies				48,031	72,002	4,908	124,941
Other trading activities				196,881			196,881
Investment income				521	6,721		7,242
Charitable activities:
Tuition and associated income				9,458,840			9,458,840
Ancillary trading income				255,535			255,535
Other incoming resources				1,521			1,521
Total income				9,961,329	78,723	4,908	10,044,960
Expenditure
Raising funds:
Fundraising				20,685			20,685
Trading cost ofgoods		sold		148,349			148,349
Charitable activities:
Tuition and associated costs			7	9,375,245	12,331	1,079	9,388,655
Other
Pension deficit reduction costs
—interest			16	5,000			5,000
Loss on disposal of	fixed asset		1	485			485
Total expenditure				9,549,764	12,331	1,079	9,563,174
Net income				411,565	66,392	3,829	481,786
Tax on profit on trading activities			6	(8,412)			(8,412)
Remeasurement ofPension		Deficit	16	78,000			78,000
Net movement in funds				481,153	66,392	3,829	551,374
Fund balances brought forward at 1 September 2018				11,248,943	1,479,331	235,951	12,964,225
Reclassification of property development fund	fund and			1,321,751	(1,321,751)
Fund balances carried forward at 31 August 2019				13,051,847	223,972	239,780	13,515,599