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|CONTENTS|Page|
|---|---|
|Governors'AnnualReport|I-1s|
|Auditor's Report|14-17|
|Statement ofFinancialActivities|1B|
|BalanceSheet|19|
|CashFlowStatement|20|
|Notes tothe Financial Statements|21-29|
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|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|
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|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|6|
|2020-21|||3||7|2|12|
|2019-20|1|1|3|2|3||10|
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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|
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|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|
|||:##|||||
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||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|
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||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.|||
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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|
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|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|
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|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)|||
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|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,||
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||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||
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|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|
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|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|
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|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|
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|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|
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||
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|