| CONTENTS | Page |
|---|---|
| Governors'AnnualReport | I-1s |
| Auditor's Report | 14-17 |
| Statement ofFinancialActivities | 1B |
| BalanceSheet | 19 |
| CashFlowStatement | 20 |
| Notes tothe Financial Statements | 21-29 |
| TheGovemorspresenttheir forty year ended31August 2023. |
eighth annual reportand audited financial stat |
|---|---|
| Charity Name: | TeringtonHall Trust Limited |
| Charity Registration Number: | 532362 |
| Company Registration Number: | 01193407 |
| Directors/Govemors: | |
| MrsKELamont(Chair) | |
| MrRL Cordingley | |
| MrKStorey(Resigned5July 2023) | |
| Ms ZABannister | |
| MrM Harrison(Resigned5July 2023) | |
| MrsSHogg | |
| Ms EColquhoun | |
| Mr BCollins | |
| MsG Eaton | |
| MrADunn | |
| MrD Griffiths | |
| MrsAMoore (appointed 30November?A?S) | |
| MrJSimms(appointed 30 November2023) | |
| MrsIWlloughby(appolnted12March2024) | |
| Company Secretary: | MrAP Upton |
| Head: | Mr S D Kibler |
| Registered Office and | Terrlngton Hall Preparatory School |
| Principal Address: | Terrington, YORK, YO60 6PR |
| Advisers | |
| Auditors: | HPHAccountantsLLP |
| Chartered Accountants | |
| 54 Bootham | |
| YORK | |
| YO307XZ | |
| Solicitors: | Harrowells LLP |
| 1St. Saviourgate | |
| YORK | |
| YO1 8ZQ | |
| Bankers: | HSBCplc |
| 13Parliament Street | |
| YORK | |
| YO1 8X |
| uracademic | schoolyea | rs, | ||
|---|---|---|---|---|
| Percentage | A* | A | B | C and below |
| of all orades | ||||
| 2022-23 | 26 | 27 | 32 | 15 |
| 2021-22 | 15 | 25 | 43 | 16 |
| 2020-21 | 12 | 26 | 31 | 27 |
| 2019-20 | 15 | 23 | 42 | 20 |
| ree acade | mic schooly |
ears. |
|||||
|---|---|---|---|---|---|---|---|
| Academic | Music | Drama | Art/DT | Sport | Ail | Total | |
| Rounder | |||||||
| 2022-23 | 2 | 1 | 1 | 1 | 6 | 11 | |
| 2021-22 | , | 2 | 3 | ||||
| 2020-21 | 3 | 7 | 2 | 12 | |||
| 2019-20 | 1 | 1 | 3 | 2 | 3 | 10 |
school we areproudofour County Representa year. This year honourswereachievedinthe |
tive hon following |
|---|---|
| Yorkshire Girls U13 Cricket: | 2 pupils |
| Yorkshire Boys U13 Cricket: | 2pupils |
| North Yorkshire Hockey: | 5pupils |
| North Yorkshire Netball: North YorkshireU'12GidsHockey: NESwimming: NorthYorkshire CrossCountry: Prep Schools' Football Representative Team: |
2pupils 2 pupils 1Pupil 1pupil 2pupils |
| FO | R THE YE | ARENDED 31AUGUST 2023 | ARENDED 31AUGUST 2023 | ARENDED 31AUGUST 2023 | ||
|---|---|---|---|---|---|---|
| UnrestrictedRestricted | Total | Total | ||||
| Note | Funds ff, |
Funds | 2023 e |
2022 t |
||
| lncome and endowmentsfrom: | ||||||
| Donalions | 18,000 | 18,000 | s,548 | |||
| Charitable activitles | ||||||
| Schoolfees | + | 2,215,174 | - | 2,215,174 | 1,916,918 | |
| Other income | 4 | 172,414 | - | 172,414 | 162,645 | |
| Other trading activities | 5 | 11,956 | 11,956 | 35,561 | ||
| Total income | E | 2,387,588 | €29,956 | e2,411,544t | 2,120,672 | |
| Expenditure on: Costsofraisingfunds Charitable activities |
6 6 |
31,870 2,341,027 |
9,428 79,361 |
41,298 2,420,388 |
52,928 2,084,481 |
|
| Total expenditure | 6 | 82,372,897e 88,789 ## |
g2,461,686t | 2,137 ,4O9 | ||
| Netincome(expenditure) | 14,691 | (58,833) | (M,1421 | (16,737) |
||
| Transfers between funds | ||||||
| Netmovementinfunds | 14,691 | (58,833) | 14/,,1421 | (16,737) | ||
| Reconclllationoffunds: | ||||||
| Totalfundsbroughtfonrard | 754,018 | 178,479 | 932,497 | 949,234 | ||
| Total funds carriedfonrard | €768,709 | €119,646 | f888,355 | € 932,497 | ||
| :## |
| BAISNCESHEET | BAISNCESHEET | |||
|---|---|---|---|---|
| AS AT31AUGUST 2023 | ||||
| Companynumber;01193407 | ||||
| Note | 2023 e |
2022 f, |
t | |
| Flxedasseb | ||||
| Tangible fixedaseets | 912,899 | 948,699 | ||
| Current assets Stocks |
I | 12,010 | 22,986 | |
| Debtors | 10 | 139,828 | 88,'126 | |
| Cashat bankandin hand | 21 | 435,158 | 643,394 | |
| 586,996 | 754,506 | |||
| Credltors:amountefalllngdue withinone | ||||
| year | 11 | (529,551) | (676,84e) | |
| Netcurrenl assets | 57,445 | 77,657 | ||
| Total assets less currentllabilitles | 970,34 | 1,026,356 | ||
| Credltors:amountsfalllng due aftermore | ||||
| thanoneyear | 12 | (81,989) | (e3,85e) | |
| Totalnetassets | __Jj88iff | 8932,497 | ||
| Thefundsofthe charlty | ||||
| Unrestricted funds | 14 | 768,709 | 754,018 | |
| Restrictedfunds | 15 | 119,646 | 178,479 | |
| Total charityfunds | e888,355 | : | 8932.497 |
| Note | 2O2t | 2022 | ||
|---|---|---|---|---|
| 8.8€€ | ||||
| Netcash (usedln/provldedby operatlng acfivifies |
20 | {1s0,604) | 94'969 |
|
| Gashflowfrominvestingactivities: | ||||
| Purchaseof tangibleflxed assets | (s5,762) | (68,526) | ||
| Netcash used in invostingactivities | (s5,762) | (68,526) | ||
| Cashflow from financingactavaties: | ||||
| Repayments ofborrowings | (11,870) | (8,643) | ||
| Netcash usedinfinancingactivities | (11,870) | (8,643) | ||
| Changeincashand cashequlvalentsln | ||||
| the year | (208,236) | 17,800 | ||
| Cashand cash equivalenG at beginnlngof | ||||
| theyear | 643,394 | 625,594 | ||
| Cashand cash equivalentsatendofthe | ||||
| year | 2'l | €435,158 | *_l9a11ra | |
| Thenotesonpages21 to 29formpartoftfiese | financial | statements. |
to 493oftheCorporation TaxAct2010tothe extent thatthisis applied have arisenlnthe Company. |
tolts charitable objects.No |
tax charges |
|---|---|---|
| 2023 | 2022 | |
| OPERATING SURPLUS | t | t |
| The surplus fortheyearisstated after charging: | ||
| Depreciation | 78,223 | 76,O42 |
| Operatinglease -equipment | 26,313 | 22,232 |
| Auditors'remuneration | 6,3'16 | 5,725 |
| Other feespaid toauditor | 2,105 | 't,893 |
| INCOME FROM CHARITABLE ACTIVITIES | ||
| School fees | ||
| Grossfees Less: Scholarshipsandallowances |
2,567,1262,202,481 (351,e52)(285,563) |
|
| 82,215,174 | 81,916,918 | |
| Other income | ||
| Recharges topupils foreducation and sportsrequisites | 148,943 | 102,790 |
| School shopsales | 14,574 | 22,738 |
| Other income | 8,897 | 37,117 |
| Allincomefromcharitableactivities relates to unrestrictedfunds. | -L:?'z!14- --ll6?,64!" | |
| OTHER TRADING ACTIVITIES | ||
| Fundraisingactivities | 11,956 | 33,'105 |
| Hireofaccommodation | 2,456 | |
| E 11,956 | €35,561 |
| ANALYSISOFTOTALEXPENDITURE | |||||
|---|---|---|---|---|---|
| Staff | Other | Total | Total | ||
| costs e,tf |
costs | DePreciation | 2023 f |
2022 e |
|
| Cost ofgeneratingfunds Marketing and advertising |
' | ?8,411 | 28,411 | 24,955 | |
| Fundraisingcosts Bankinterest |
. - |
9,428 1,618 |
9,428 1,61I |
25,321 2,752 |
|
| Bad debtsprovidedfor | . | 1,841 | 1,841 | ||
| 41,298 | 41,298 | 52,928 | |||
| 89,428 (2022:t25,321)of expenditure ongeneratingfundsrelatestorestricted funds. | |||||
| Charitableactivities | |||||
| Teachingcosls | '1,216,706 | 277,687 | 6,332 | 1,500,725 | 1,309,432 |
| Welfare | '130,846 | 105,538 | 16,BBO | 253,264 | 225,402 |
| Premises | 65,576 | 315,420 | 54,777 | 435,773 | 337,612 |
| Support costs | 139,186 | 82,785 | 222,205 | 204,417 | |
| Governancecosts | 8,421 | 8,421 | 7,618 | ||
| 1,552,314 | 789,851 | 78,223 | 2,420,388 | 2,O84,481 | |
| Totalexpenditure | t1,552,314e831,149t78,223 | f2,461,686 | 82,137,409 | ||
| [79,361(2022:E2O,1'87) ofthe expenditure on charitable activities relates to restrictedfunds. | |||||
| 2023 | 2022 | ||||
| Governancecosts include: | E | e | |||
| Auditors' remuneration: | |||||
| foraudit services | 6,316 | 5,725 | |||
| for other services | 2,105 | 1,893 | |||
| 88,421 | f7,618 | ||||
| STAFFCOSTS | |||||
| Wages andsalaries | '1,190,253 | 1,O74,269 | |||
| Social security costs | 114.290 | 102,144 | |||
| Otherpension costs | 2A6,297 | 182,882 | |||
| Olhercosls | 41,474 | 41,144 | |||
| _€,rI1I1-illlg Theaverage monlhlyhead countwas 43 staff(2022l. 44)andtheaverage monthlynumberoffull-time equivalentemployees |
|||||
| during theyearwereas follows: | |||||
| Teaching | 27 | 27 | |||
| Welfare | 7 | 7 | |||
| Support | 4 | 4 | |||
| 38 |
| ANGIBLEFIXEDASSETS | |||
|---|---|---|---|
| Furniture, Freeholdflxturesand properlyequipment eeet |
Moior vehicles |
Total | |
| Cost: At1September2022 Additions |
1,690,329 330,847 12,654 27,129 |
43,304 2,UA |
2,064,480 42,423 |
| At31August 2023 | 1,702,983 357,976 | 45,944 | 2,106,903 |
| Depreciation: Al'lSeptember2022 Charge for the year |
779,685 315,895 54,777 15,085 |
20,201 8,361 |
1,115,781 78,223 |
| At31August2023 | 834.462 330,980 | 28,56? | 1,194,004 |
| Netbookvalues: 31Ausust2023 |
_rjg15r1__l3gtro__3:J,18r__:jl:fw | ||
| 31Ausust2022 | jllf44__ll1f5,:!31Ix:gtjjr? |
| Allofthe tangible fixed assetsrelatetounrestrictedfunds. | |||
|---|---|---|---|
| 2023 | 2022 | ||
| 9 | STOCKS | tt | |
| Closing stock | e12,010 | e 22,986 | |
| Stockoff300relatestorestrictedfundsin 2023(t420in 2022) | |||
| 10 | DEBTORS | ||
| Trade debtors Other debtors Prepaymentsandaccruedincome |
82,543 10,821 46,464 |
46,557 336 41,233 |
|
| e139,828 | e 88,126 | ||
| Debtorsof12,110 relatesto restricted fundsin2An$211in2022) |
| FORTHE YEAR ENDED3TAUGU | ST 2023 | |
|---|---|---|
| CREDITORS:amountsfalllngduewithinone year | 2023 t |
2422 t |
| Fees received inadvance | 333,808 | 500,926 |
| Tradecreditors | 62,527 | 33,557 |
| Oiher creditors | 17,855 | 6,41't |
| Taxationand social security | 26,920 | 25,363 |
| Pension | 20,508 | 19,422 |
| Bank loan andoverdraft | 14,498 | 14,498 |
| Accruals | 53,435 | 76,672 |
| f529,551t676,849 | ||
| CREDITORS:amountsfalllngdue aftoroneyear | ||
| Bank loan | 54,989 | 66,859 |
| Other oreditors | 27,000 | 27,OAA |
| _:llrfl*:1185', | ||
| Amounts due aftermorethan oneyear: | ||
| Repayable between1-2years Repayablebetween 2-5years |
14,498 40,491 |
14,498 43,495 |
| Repayableln5years and more | - | 8,866 |
| *_ll1?8,__1Jt95.9, |
| The interestrates onthe loansare3.460/oor370overbase. | |||
|---|---|---|---|
| 2023 | 2022 | ||
| 13 | DEFERRED INCOME | ef | |
| Feesrecelved in advance Balanceat1September Releasedto statementoffinancial activities |
500,926 (500,e26) |
470,573 (470,573) |
|
| Deferredinthe period | 333,80; | 500,926 | |
| Balanceat 31August | e333,808e 500,926 |
| UNRESTRICTEDFUNDS | |||||
|---|---|---|---|---|---|
| Balance at | Balanceat | ||||
| ISept.2022 ff |
lncome | ExpendedTransferc zet |
31Aug.2023 | ||
| Designated funds | |||||
| Capitalfund | 115,363 | 115,363 | |||
| Undesignated funds General |
638,655 | 2,387,588(2,372,897) | 653,346 | ||
| e754,018 | t2,387,588L(2,372,897) | €- | €768,709 | ||
| Balance at | Balanceat | ||||
| 'lSept.2021 t |
lncome ettf |
ExpendedTransfers | 31Aug.2022 | ||
| Designated tunds | |||||
| Capitalfund | 115,363 | - | 't15,363 | ||
| Undesignated funds General |
642,989 | 2,087,567(2,091,901) | - | 638,655 | |
| f758,352 | t2,087,567€(2,0s1,901) | t- | E754,018 |
| ESTRICTEDFUNDS | ||||||
|---|---|---|---|---|---|---|
| Balance at | Balanceat | |||||
| 1Sept.2022 e22 |
lncome | Expended | Transfers f,€ |
31Aug.2023 | ||
| TerringtonHallParents'Social and FundraisingGroupfund Bursaryfund Ukranian support fund |
16,699 161,040 |
1'1,956 15,000 3,000 |
(9,428) (79,013) (348) |
- - - |
19,167 97,827 2,652 |
|
| 2178,479 | f29,956 | e(BB,78e) | €- | f119,646 | ||
| Balance at | Balanceat | |||||
| 1Sept.2021 t |
lncome fc |
Expended | Transfers te |
3'lAug.2022 | ||
| TerringtonHallParents'Social and FundraisingGroupfund |
8,855 | 33,105 | (25,321) | " | 16,639 | |
| Bursary fund | 182,027 | - | QA,1B7I | - | 161,840 | |
| €190,882 | t33,105 | €(45,508) | €- | f178,479 |
| NALYSIS OFNETASSETSBETW | EENFUNDS | ||
|---|---|---|---|
| Tangible fixed assets |
Netcurrent Long (liabilities)/term assets liabilities 2023 Total |
||
| f | tf, | f | |
| Unrestricted funds | s12,899 | (62,201) | (81,98e)768,709 |
| Restrictedfunds | 119,646 | - 119,646 |
|
| _:11199r | L57,445 | e(81,989)lBBB,355 | |
| Tangible fixed assets |
Netcurrent Long (liabllities)lterm assets llabllltles 2022 Toial |
||
| f | ee | 2 | |
| Unrestricted funds | 948,699 | (100,822) | (93,859)754,018 |
| Reslricted funds | 178,479 | - 178,479 |
|
| €948,699 | t"77,657 |
€(93,85S)t932,497 |
| As at31August 2023lhecharitable operatingas follows: companyhad fu |
tureminimumleasepaymentsunderno | n-cancellable |
|---|---|---|
| 2023 | 2022 | |
| E | e | |
| Within one year | 1s,493 | 6,346 |
| Between oneandfiveyears | 14,246 | 3,617 |
| e29,739 | E9,963 |
charge for the year includes contributions payable to the schemeoft19 (2022:Enil)was accruedin respect ofcontributionstothisscheme |
,317(2022:217,979). At they |
ear-end€nil i |
|
|---|---|---|---|
| 20 | RECONCILIATION OF NETINCOMETO NET GASH FLOW | 2023 | 2otz |
| FROMOPERATING ACTIVITIES | t | E | |
| Netincomeforthe reporting period | (44,142) | (16,737) | |
| Depreciationof tangiblefixedassets | 78,223 | 76,042 | |
| Decreaseinstocks | 10,976 | s22 | |
| (lncrease)indebtors | (51,702) | (12,116) | |
| (Decrease)/lncreaselncreditors | (153,95e) | 46,858 | |
| IUetcasiusedinoperatingactMtles | *i1r9601 | € 94,969 | |
| 21 | ANALYSIS OF CASH AND CAS}I EQUIVALENTS | ||
| Cash atbank andin hand | 435,158 | 643,394 | |
| Total cash and cash equlvalenls | e€5,158 | t643,394 |