2023-08-31-accounts - War Memorial Endowment Fund

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Index					Page
Trustee, Governors, ONcers and Advisers
The Report	ofthe Trustee (including	Strategic Report)			5-13
Independent	Auditors' Report to the	Board ofthe Trustee	ofHymers College		14-16
Consolidated	statement offinancial	activities (incorporating	an income &expenditure	account)	17
Balance sheets					18
Consolidated	cash flow statement				19
Notes tothe	consolidated cash flow	statement			20
Principal accounting policies					21-24
Notes to the	consolidated financial statements				25-52

CONSOLIDATED STATEIIENT	OF FIN	ANCIAL ACTI	VITIES FOR T	HE YEAR EN	DED 31Aug	ust
Income	Note	Unrestricted Funds f	Restricted Funds	Endowment Fund	2023 Total	2022
Donations and legacies		6,676	48,773		87,449	181,380
Other trading acfivities		71,243			71,243	138,389
investment income		19,669			1a,ssa	3,253
Charitable activities:
- Tuition and associated income	5	11,848,809			11,848,809	10,770,165
- Ancillary trading income	5	78,520			78,520	215,704
- Other incoming resources		13,233			13,233	2,980
Total income		12,040,150	48,773		12,088,923	11,311,831
Expenditure
Raising funds:
Fundraising		123,645			123,645	120,971
Trading cost of goods sold	7	24,101			24,1o1	so,oaa
Charitable activities:
Tuition and associated costs	7	12,205,330	23,218		12,228,548	10,849,572
Other
Pension deficit reduction costs —interest	7,16				844	733
Total expenditure	7	12,353,920	23,218		12,377,138	11,131,375
Net (expenditure)/income		(313,770)	25,555		(288,215)	180,456
Tax on profit on trading activities	6	(366)			(366)	3,550
Remeasurement ofpension deficit	16	(12,025)			(12,025)	1,089
Fund transfer	17
Net movement ln funda		(326,161)	25,555		(300,808)	185,095
Fund balances brought forward at 1 September 2022		13,965,580	499,199	164,578	14,629,357	14,444,262
Fund balances carried forward at31August 2023	17	13,639,419	524,754	164,578	14,328,751	14,629,357

				Group	Group	Charity	Charity
			Note	2023	2022	2023	2022
					E		R
Fixed assets
Tangible assets			10	13,$06,188	13,678,039	12,178,672	11,872,075
Investments			12			1,179,743	1,179,743
Total fixed assets				13,906,188	13,678,039	13,358+15	13,051,818
Current assets
Stocks				20,373	48,601	20,373	48,601
Debtors			13	489,253	299,022	1,325,829	1,136,874
Cash at bank and in hand				1,941,239	2,798,58$	1,850,506	2,754,369
Total current assets				2,450,865	3,146,212	3,196,708	3,$39,844
us wthrn one		ear 1 4		(2)001)478)	(2)170)186)	(2)047)574)	(2)216)180)
Net current assets				449,387	976,026	1,14$,134	1,723,664
Total assets less current liabilities				14,355,575	14,654,065	14,507,549	14,775,482
Provision for pension	deficit		16	(26,824)	(24,708)	(26,824)	(24,708)
Total net assets			22	14,328,751	14,62$,357	14~0,725	14,750,774
The funds ofthe charity:
Unrestricted income		funds	17	13,639+19	13,965,580	13,7$1,393	14,086,997
Restricted funds
Other restricted funds				126,182	139,280	126,182	139,280
Centenary &J Hymers Bursary Funds			17,18	394,068	356,060	394,068	356,060
Other funds			17,20	4,504	3,859	4,504	3,859
Endowment funds
Permanent Endowment		fund	17,21
EG Mallalieu Bursary		fund	17,19	164,578	164,578	164,578	164,578
Total charity funds			17	14,328,751	14,629,357	14880,725	14,750,774

		2023	2023 E	2022 R	2022f
Net cash	inflow from operating		76,866		1,152,529
activities
Cash flows from investing
activities
Interest from investments		19,669		3,253
Purchase	oftangible fixed assets	(953,885)		(1,739,264)
Net cash investing	outflow from activities		(934,216)		(1,736,011)
Cash ouNow			(857,350)		(583,482)
Net funds	at 1 September 2022		2,798,589		3,382,071
Net funds	at 31August 202$		1,941,239		2,798,589

OPERATING A	CTI	VITIES
					2023	2022
Net (outgoing)/incoming resources					(300,606)	185,096
Depreciation					725,736	612,586
					425,130	797,682
Interest receivable					(19,669)	(3,253)
Unwinding ofdiscounted		pension		provision		733
Pension deficit payment contribution schedule		in year	and revision to		(10,753)	(25,733)
Decrease in pension	liability				12,025	(77,342)
Decrease in stocks					28,228	22,926
(Increase) in debtors					(190,231)	(5,894)
Increase in creditors					(168,708)	443,410
Net cash inflow from	operating		activities		76,866	1,152,529

ANALY	SIS OF CASH AND CAS	H EQUIVA	LENTS
		At 31	August		At 31August
		2022		Cash flows	2023
			f.	f.
Cash —final	term deposits		233,159	10,281	243,440
Cash —general accounts			2,044,792	(905,619)	1,139,173
Centenary/JH	Bursary Funds		356,060	38,008	394,068
EG Mallalieu	Bursary Fund cash		164,578		164,578
Other Funds	cash			(20)	(20)
			2,798,589	(857,350)	1,941,239

1. NET INCOIIE	FOR THE YEAR	FOR THE YEAR	FOR THE YEAR
				2023	2022
Net income is stated	after charging		amounts	payable tothe
auditors (including irrecoverable		VAT) in respect of:
Group and Charity
Audit services -Hymers College				27,000	27,000
-Teachers Pension			Scheme	1,440	1,440
Taxation compliance	and advisory		services	7,000	7,500
Group
Loss on disposal of	fixed assets
Depreciation				725,736	612,586
Impairment oftrade	debtors				110,000
Impairment ofinventory					8,129
Other operating lease rentals
2. DONATIONS	AND LEGACIES			2023	2022
					E
Donations				57,449	181,360
Included within the above are restricted donations off48,773(2022 -restricted donations ofF131,053).
3. OTHER TRADING ACTIVITIES				2023	2022
				F	F
Schoolshop					37,752
Hire ofpremises and facilities				51,580	48,220
Feed-in-Tariff				5,664	21,556
Corporate lettings income				5,665	22,731
Other income				8,334	8,130
				71,243	138,389

				2023	2022
				F	E
Group
Wages and salaries				6,605,945	5,793,494
Social security costs				658,042	588,017
Other pension costs				1,139,605	968,354
				8,403,592	7,349,865
				2023	2022
Charity
Wages and salaries				6,605,945	5,792,351
Social security costs				658,042	587,932
Other pension costs				1,139,605	968,307
				8,403,592	7,348,590
he monthly average number ofstaff employed		dunng	the	year was 179(2022: 179)which includes 9
2022:97)part time	staff.
he monthly average number ofstaff analysed		by function		is as follows:
				2023	2022
				Number	Number
Average monthly	number ofperionnel
Teaching staff				101	101
Administration
Technicians				16	16
Welfare
Grounds and maintenance
Cleaning and catering				18	18
Sports Centre				12	12
				179	179

		31/8/2023	31/8/2022
The number ofemployees	who received
emoluments In excess of	K60,000were:
F60,000 - F70,000
F70,001 - F80,000
F80,001 - 890,000
F90,001 - F100,000
R100,000 - F120,000
F120,000 - F140,000

					2023	2022
					F	F
Total	key	management	personnel	remuneration	F394,803	161,639

. TUITION AND A	SSOCIATED IN	COIIE
			2023	2022
Gross fees from parents or guardians Registration)		(Incl. Music	12,644,599	11,551,723
Less: total bursaries,	grants and allowances		(1,055,331)	(1,170,189)
			11,589,268	10,381,534
Catering income			244,876	375,631
Grants received			14,665	13,000
			11,848,809	10,770,165

		2023	2022
Ancillary trading income
Examination	fees and other income	4,966	48,078
NCS income		73,554	167,626
		78,520	215,704

8. TAX ON P	ROFI	T ON TRADING ACTMTIES
			2023	2022
			F
Major components		oftax expense
Current tax:
UK currenttax	expense			(3,550)
Adjustments	in respect of prior periods
Tax on profit				(3,550)

					Governance
		Staff	Other	Depreciation
		costs	costs		and support	2023	2022
					cost
					allocation
			E
Fundraising		94,642	29,003			123,645	120,971
Trading costs			24,101			24,101	160,099
Costs ofgenerating
funds		94,642	53,104			147,746	281,070
Tuition		6,901,617	1,130,210		801,022	8,832,849	8,009,036
Welfare		82,037	383,290		28,036	493,363	472,748
Premises and equipment		651,360	1,283,784	725,736	241,456	2,902,336	2,367,788
Remission,	scholarships
and costs
Governance and support cost allocation (see note 8)		673,936	396,578		(1,070,514)
Tuition and	associated
costs		8,308,950	3,193,862	725,736		12,228,548	10,849,572
Loss on disposal offixed
assets
Pension deficit costs (see							733
notes 16,23)
							733
Total costs		8,403,592	3,247,810	725,736		12,377,138	11,131,375

7. EXPENDITURE (CONTINUED)
Other costs comprise	2023 F	2022 f.
Subsidiary companies costs ofsales	24,101	192,673
Pension deficit —interest payable	13,014	733
Educational and transport costs	834,963	820,054
ITcosts	275,274	272,502
Welfare —medical costs	16,349	13,301
Catering —food and running costs	324,538	240,611
Cleaning	82,289	45,779
Rates and water	74,043	81,015
Insurance	85,333	65,565
Heating and lighting	606,950	404,857
Repairs and maintenance	390,381	505,882
Security	20,615	17,574
Exam fees	83,163	5,112
Marketing and prospectus	32,389	24,023
Governance and support costs	342,048	366,168
NCS expenses	54,530	113,075
	3,259,980	3168924

			2023	2022
Audit services			34,000	27,000
Financial advice and		accountancy	8,940	8,940
Legal fees			16,430	27,530
Professional	fees		3,465	3,275
Other miscellaneous		expenses and supplies	97,180	162,611
Printing and stationery			92,233	28,400
Bank charges			22,867	13,527
Administrative	staff costs		644,412	543,410
Governance	staff costs		29,523	27,836
Telephone			25,508	21,330
Other marketing			47,604	26,956
Insurance			48,352	46,598
			1,070,514	937,413

tal costs oft	hose cha	ritable activiti	es.
			Governance	Support	2023	2022
Audit services			34,000		34,000	27,000
Financial advice and accountancy			8,940		8,940	8,940
Legal fees			16,430		16,430	27,530
Professional	fees		3,465		3,465	3,275
Other miscellaneous		expenses		97,180	97,180	162,611
Printing and	stationery		3,072	89,161	92,233	28,399
Bank charges				22,867	22,867	13,527
Administrative	staff costs			644,412	644,412	543,410
Governance	staff costs		29,523		29,523	27,836
Telephone				25,508	25,508	21,330
Other marketing				47,604	47,604	26,956
Insurance				48,352	48,352	46,599
			95,430	975,084	1,070,514	937,413

0. TANGIBLE FIXEDASSE	TS
	Freehold	College site	Furnishings,
	investment	and buildings,	equipment and
Group	property	plant and	vehicles	Total
		machinery
Costlvaluatlon
1 September 2022	290,000	21,537,875	3,585,885	25,413,760
Additions		842,726	111,159	953,885
31August 2023	290,000	22,380,601	3,697,044	26,367,645
Accumulated depreciation
1 September 2022		9,071,776	2,663,945	11,735,721
Charge in year		498,785	226,951	725,736
31August 2023		9,570,561	2,890,896	12,461,457
Net book value
31August 2023	290,000	12,810,040	806,148	13,906,188
31August 2022	290,000	12,466,099	921,940	13,678,039

mount tha s follows:	t would have been recognised ifthe assets ha	d been carried under the historical cost mod
		Freehold
		investment
		property
At 31August 2023 Aggregate cost		300,000
Aggregate	depreciation
Carrying value		300,000
At 31August 2022 Aggregate cost		300,000
Aggregate	depreciation
Carrying	value	300,000

Group			2023	2022
			R	F
Payable	within	1 year		894
Payable	later	than 1 year, less than 5years
Charity			2023	2022
			E
Payable	within	1 year	17,466
Payable	later	than 1 year, less than 5years	46,557


Charity	Investments in
	subsidiary
	undertakings
31August 2023 and 2022	1,179,743
Provision
1 September 2022
Reversal ofimpairment
31August 2023
Net book amount 31August 2023	1,179,743
Net book amount 31August 2022	1,179,743

The trading results and below.	net assets,	as extracted fro	m the audited	financial state	ments, are sum	marised
	Income	Expenditure	(Loss)I Profit R	Aggregate assets f	Aggregate liabilities f	Net assets f
Botanic Sidings Limited	72,786	(100,175)	(27,389)	1,250,346	(201,878)	1,048,468
The College Enterprises (Hull) Limited	41,000	(39,934)	1,066	656,073	(650,929)	5,144
The School Shop (Hull) Limited	65,100	(69,333)	(4,233)	73,694	(99,537)	(25,843)
2023	178,886	(209,442)	(30,556)	1,980,113	(952,344)	1,027,769
2022	233,912	(358,943)	(125,031)	1,946,112	(887,787)	1,058,325

		Group 2023	Group 2022	Charity 2023	Charity 2022
				F
Due wIthIn one year
Trade debtors		279,446	52,989	272,197	51,559
Amounts owed by group undertakings				843,963	839,530
Other debtors		13,596	9,023	13,459	8,775
Prepayments	and accrued income	196,211	237,010	196,210	237,010
		489,253	299,022	1,325,829	1,136,874

4. CR	EDITORS —AIIOUNTS FALLI	NG DUE WITHIN	ONE YEAR
		Group 2023	Group 2022	Charity 2023	Charity 2022
Trade creditors		362,482	715,698	361,878	709,582
Amounts	owed to group undertakings			83,776	66,231
Taxation	and social security	610,203	169,505	610,203	169,505
Accruals		375,142	480,091	339,292	466,779
Deferred	income	400,527	429,628	400,527	429,628
Other creditors		253,124	375,264	251,898	374,455
		2,001,478	2,170,186	2,047,574	2,216,180

he group has the following financial in	he group has the following financial in	struments:
Financial assets that are debt instruments measured at		Group 2023 F	Group 2022	Charity 2023	Chanty 2022
amortlsed cost Trade debtors		279,446	52,989	272,197	51,559
Amounts owed by group				843,963	839,530
undertakings Other debtors		13,596	9,023	13,459	8,775
		293,042	62,012	1,129,619	899,864
Financial liabilities that instrument» measured	are debt at	Group 2023	Group 2022	Charity 2023	Charity 2022
amortised cost Trade creditors		362,482	715,698	361,878	709,582
Amounts owed to group				83,776	66,231
undertakings Accruals Other creditors		375,142 253,124	480,091 375,262	339,292 251,898	466,779 3?4,454
		990,748	1,571,051	1,036,844	1,617,046

			Provision	Provision	in	Provision	in
			respect		of	respect of
			pension	deficit		pension deficit
			reduction 2023			reduction 2022
1 September	2022			24,708		129,228
Increase in the year				12,025		(1,089)
Unwinding of	discount			844			733
Payment made in year			(10,753)			(25,733)
Amendments	to contribution	schedule				(78,431)
31August 2023				26,824		24,708
17. FUNDS
Group Funds							Unrestricted
							income funds
1 September	2022						13,965,580
income							12,040,150
Expenditure,	gains, losses	and transfers					(12,366,311)
31August 2023							13,639,419
Group Funds							Unrestricted
							income funds
							K
1 September	2021						13,877,924
Income							11,167,734
Expenditure,	gains, losses	and transfers					(11,080,078)
31August 2022							13,965,580

Group Funds			Restri	cted inco	me
	EG Mallalieu Bursary Fund-	Other Restricted funds	Centenary &JH Bursary Funds	Other f'unds	Endowment fund	Total
	endowment
1 September 2022	164,578	139,280	356,060	3,859		663,777
Income		10,000	38,128			48,773
Expenditure, gains, losses and transfers		(23,098)	(120)			(23,218)
Fund transfers
31August 2023	164,578	126,182	394,068	4,504		689,332
Unrestricted income funds						13,639,419
Restricted income funds (including linked charity)						689,332
						14,328,751

Group Funds			Res	tricted inco	me
	EG Mallalieu Bursary	Other Restricted funds	Centenary &JH Bursary	Other funds	Endowment fund	Total
	Fund		Funds
1 September 2021	243,865	55,000	138,262	129,211		566,338
Income		113,400	29,772	925		144,097
Expenditure, gains, losses and transfers		(29,120)	(15,515)	(2,023)		(46,658)
Fund transfers	(79,287)		203,541	(124,254)
31August 2022	164,578	139,280	356,060	3,859		663,777
Unrestricted income funds						13,965,580
Restricted income funds
(including linked charity)						663,777
Total funds						14,629,357

Charity Funds				Re	stricted incom	e
	EG Mallalieu	Other Restricted	Centenary &JH		Endowment Fund	Other Funds	Total
	Bursary	funds	Bursary
	Fund		Funds
	F			E
1 September 2022	164,578	139,280	356,060		3,859		663,777
Income		10,000	38,128				48,773
Expenditure, gains, losses and transfers		(23,098)	(120)				(23,218)
Transfer ofutiiised
resources
31August 2023	164,578	126,182	394,068		4,504		689,332
Unrestricted income funds							13,791,393
Restricted income funds (including linked charity)							689,332
Total funds							14,480,725

Charity Funds			Res	tricted inco	me
	EG Mallalieu	Other Restricted	Centenary &JH	Other funds	Endowment fund	Total
	Bursary	funds	Bursary
	Fund		Funds
1 September 2021	243,865	55,000	138,262	129,211		566,338
Income		113,400	29,772	925		144,097
Expenditure, gains, losses and transfers		(29,120)	(15,515)	(2,023)		(46,658)
Transfer ofutilised resources	(79,287)		203,541	(124,254)
31August 2022	164,578	139,280	356,060	3,859		663,77?
Unrestricted income funds						14,086,997
Restricted income funds
(including linked charity)						663,777
Totalfunds						14,750,774

he net assets are held	for the various fund	s as follows:
			Net current
Group 31August 2023	Fixed asset investments	Tangible fixed assets	assets/ (liabilities)f	Pensions deficit 6	Total
Restricted and endowed funds			689,332		689,332
Unrestricted funds		13,906,188	(239,945)	(26,824)	13,639,419
		13,906,188	449,387	(26,824)	14,328,751

2. ANALYSIS OF NE	T ASSETSBEIlNE	EN FUNDS (CON	TINUED)
			Net current
Charity 31August 2023	Fixed asset investments	Tangible fixed assets	assetsl (liabilities)	Pensions deficitf	Total E
Restricted funds			689,332		689,332
Unrestricted funds	1,179,743	12,178,672	459,802		13,818,217
Pensions deficit				(26,824)	(26,824)
	1,179,743	12,178,672	1,149,134	(26,824)	14,480,725
			Net current
Group 31August 2022	Fixed asset investments	Tangible fixed assets	assets/ (liabilities) f.	Pensions deficitf	Totalf
Restricted and endowed funds			663,777		663,777
Unrestricted funds		13,678,039	312,249	(24,708)	13,965,580
		13,678,039	976,026	(24,708)	14,629,357
			Net current
Charity 31August 2022	Fixed asset investments	Tangible fixed assets	assetsl (liabilities)	Pensions deficits	Total F
Restricted funds			663,777		663,77?
Unrestricted funds	1,179,743	11,872,075	1,010,472		14,111,706
Pensions deficit				(24,708)	(24,708)
	1,179,743	11,872,075	1,723,664	(24,708)	14,750,774

Transactions between the Charity and its subsi	diaries during th	e year are as follows:
		2023	2022
		F
Income:
Salary recharge —The School Shop (Hull) Limited			1,275
Interest receivable —The School Shop (Hull)	Limited		320
Interest receivable —The College Enterprises	{Hull) Limited	38,046	38,046
Ground rent —The College Enterprises (Hull)	Limited	1,000	1,000
Repairs and maintenance recharge —Botanic	Sidings Limited
Management charges —Botanic Sidings Limited		17,832	17,832
Expenditure
ONce costs —The School Shop (Hull) Limited		24,101	53,342
Rent - The School Shop (Hull) Limited		41,000	41,000
Facilities hire —Botanic Sidings Limited		63,901	52,138
Rent —Botanic Sidings Limited		551	551
Intra-group balances between the Charity and	its subsidiaries	at the year end are as follows: 2023	2022
		f.
Amounts owed by group undertakings:
The School Shop (Hull) Limited		32,000	41,967
The College Enterprises (Hull) Limited		637,963	609,507
Botanic Sidings Limited		174,000	188,056
		843,963	839,530

		2023f	2022
Amounts	owed to group undertakings:
The School Shop {Hull) Limited		56,746	46,626
Botanic	Sidings Limited	27,030	19,605
		83,776	66,231

			Unrestricted	Restricted	Endowment	2022
Income		Note	Funds	Funds	Fund	Total
				R		R
Donations and legacies			50,307	131,053		181,360
Other trading activities			138,389			138,388
investment income			3,209			3,253
Charitable activities:
- Tuition and associated income		5	10,757,165	13,000		10,770,185
- Ancillary trading income		5	215,704			215,704
- Other incoming resources			2,960			2,860
Total income			11,1B7,734	144,097		11,311,831
Expenditure
Raising funds:
Fundraising			120,971			120,871
Trading costofgoods sold		7	160,099			180,088
Charitable activities:
Tuition and associated costs			10,802,914	46,658		10,848,572
Other
Pension deficit reduction costs —interest			733			733
Total expenditure			11,084,717	46,658		11,131,375
Net income			83,017	97,439		180,458
Tax on profit on trading	acbvities	6	3,550			3,550
Remeasurement ofpension deficit		16	1,089			1,088
Fund transfer		17		79,287	(79,287)
Net movement in funds			87,656	176,726	(79,287)	185,085
Fund balances brought 1 September 2021	forward at		13,877,924	322,473	243,885	14,444,262
Fund balances canied forward at 31August 2022		17	13,965,580	499,199	164,578	14,628,357