Registered number: 03039522 Charity number.. 1047557 iANDMARKS IA company limited by guarantee) TRiISTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 'A9XPIA7V' 0510212021 COMPANIES MOUSE
LANDMARKS IA company limited byguaranteel CONTENTS Page Rètefènte and administrativè dètails of the chwitable company. its Trustees ad¥i5ers Trustees, report Independent auditor's report OTr the %nanoal statements 12-14 Consolidated statement of financièl arti¥ilies 15 Consolidated balartce sheet 16 Charitable company balance sht 17 Consolidated statement of cash fk>ws 18 Notes to the financial ststements 19-38
LANDMARKS IA company Ilmlted byguaranieel REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDEO 31 AUGUST2020 Trustee5 P F Battiste J Spooner S M Windle S Edwards Iresigned S October 20201 K Kirk (resigned 13 July 20201 C O'Neill G Morris (appointed 5 October 20201 L Harby-Greaves lappointed 23 September 20191 Cornpany registered numbef 03039522 Charlty rewstered number 1047557 Registered offke Littlemoor H¢)use Littlemoor Eckington Derbyshire 5214EF Company secretary and prin¢ipal L Brocklesby Indèpendènt auditor BHPLLP (hartered Accountants 57-59 Salter8ate Che5terfiekl S401UL BankeFs Baidays 121 Nortdk Street Sheffield $12JW Sollcltors HLW Keeble Hawson St James Row Sheffield 51 IXA Page I
LANDMARKS IA company Ilmlted by euarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 3J AUGUST2020 The Trustees (who are directors of the charity for the purposes of the Companies Artl pent their annual report together wrth the financial statements of the Charity foi the yeav I September 2019 to 31 August 2020. The Trustees confirm that the Annual Report and financial statements of the charity comply with ihe current statutory requirements. the requirements of the charity's governin8 docvment and the provisions of the Ststernt of Recommended Practice ISORPI, applicable to charities preparing their accounts in accordance with the Finanaal Reporttng Standard applicable in the UK and Republic of Ireland IFRS 1021 leffertive l January 20191. sin the company qualifies as small under sertion 383, the strategic report required of medium and large companies under The Companie5 Art 2CK)6 IStrate8ic Report and Dirertor's Reportl Re8ulations 2013 is not required. Objtrti¥es othortivities a. Obrtive5 and alms The charity'5 aim5 are to provide education and trainin8 to those with learning difficultie5ldisabilitie5 in a caring and sheltered environment. The continuous quality improvement of this provision remains a key foojs. b. Prfnclpal actlvltles The Charity's objetts are.. The provision oFtrainin& care and edution to all pwsons and in particuLir to those with leamin& physlcal and other disabilities, the aged and disadvanta8ed in a carin8 and sheltered environment for the purposes of.. Enhancing and improving those persons leve15 and ranges of skills Promoting those persons selfsteem. conlidence and sense of well-being Allowing those persons access to the labour marketplace In setting our objectives and planning our attivities the Trvstees have given careful consideration to the Charity Commi55ion5 general guidance on public benefit. Further details of how the charity has carried out its activities lor the public benefit are given in the secrion on Achievements and Performance below. Achievements ¢7ftdperformonce a. Revlew of actl¥lrles Landmarks is a Speoalist clege for people wtth a range of learning difficulties and tlisabilities. The College offers a wide ran8e of practical prograrnmes which are individualty tallored to meet a variety of needs. The five sites. located acros5 Nottinghamshire. Derbyshire and Souih Yorkshire. provide excellent Faolities for practical, contextuali5ed learnin8. Learning also lakes place in a range of community settings and venues. In 2019120 the college had a total of 135 learners of whith 58%1781 were Educztion and Skills Fundin8 Agency IESFAI learners. The remaining learners were fvnded throu8h direct P3ymentslsocial seryices tontracts. Typically, ESFA funded learners transferring to Landmarks after leaving Special sthools with a combination of mild or severe leaming difficulb'e5 andlor disabilities. Learnets usually INe within a 25-mile radius of College sites and travel on a daily basis. The learner population ranges in age from 16 to 60. Page 2
LINDMARKS IA company limited by guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST2020 Athlevements and performanct {tontlnuedl All learners are en8a8ed in a combinztion of prartical independence. employmenL vocational. skills for life (through both discrete and embedded provision) and ESFA fvnded learners received tuition in english and mathematlC5. digital tethnology and personal and social development as well as a variety of vocational qualifications and real work opportunlties which enhance their employability znd work readiness skills. Timetsbles neCt individual learner needs and thoice ani4 inclucle.. Enterprise - Animal Care -Art&Craft Horticulture & C¢)nser¥ation Sport & Leisure Hospitality & Catering Work Experience - Employability Duke ol Edinburgh Award Stheme - Wayfinder Recruitment Agency The Colle8e is8owerned bya Bo¥d of Trusteesfrorn dillerent pTofession5 and business ba¢k8rounds The College places great ygnificance on working cdlaboratively and in partnershtp with a ran8e of other agencie5 includin8 the ESFA, Local Authorities. Social Services. the Targeted 5upportifransitions SeNice, Peer Review & Development Groups fN the East Midland5. local further education colleges. multi-academy trusts INEXUSMatl and a ran8e of employers, research bodies, universities and indepertdent schools. Rangè of facillties arbd resources• SPèt1f1IY for the w5e of peop with disobi1it5 The followin8 are amongst the resour availa1e= - Working farrn and land. with a rnnge of livestock and hortltUral curnTrculum activities Working Publit House - Catering kitchens and newly opened on-site Bistro . Gardens and greenhouse - General craft workshop and woodwoth workshop - Classrooms, 20 dedicated c135sroomslresources (including videoand ITequipmenL dedicated PCS and network) across Littlemoor House. is the main site whith provide5 the base for management and adrnini5tration. In curriculum terms this site also ha5 an Art studio. 8istro. 8 dassrooms and wtdoor space. AppenoWle Farm is where Landmarks operate5 their Land based and Animal Care IFaim-itrForkl curriculurn. This site continued to be developed to provide a full range of land-ba5ed resource5 for Landmarks programmes. This is a mortgaged property owned by the Charity. The Archer Pub is where Landmarks operate their Hospitality and Caterin8 curriculum from September 2016. training voun6 adults with a variety of additional needs who wish to Wf* within the bar anLI restaurant trade. Page 3
LANDMARKS IA company limlted byguaranteel TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGusf2020 Achievements and performante Itontinuedl The Archer enterprise aims to= - Train young people with additional needs, aged 18+ to acqui the knowledge, skills and experience reoulred for a career in the bar and restaurant trade - Give learners the time and support they need to m35ter aspects of their chosen career. building confidence. independence and resilience within the workplace - Work with national bar and StaUraNt companies. to offer clear routes of progression into employment Use the livestock and produce reared and planted by learners at Apperknowle. The Arther and Littlemoor House within The Archer kitchen. reinforong our farm-to-fork cU1Culm. The Coach House is Landmarks first dedicated base close to the centre of Nottingham where employability training and education takes place. Being $0 close to the centre of Nottingham provides numerous new employers to work with, who provide placements for learner5 on Employability pro8ramrnes. Wayfinder retfuitment h35 3150 established 3 base atThe Coach House so as to bolstef the we5ence of their employer support and placement activities. Milestone House is Landmarks first dedicated city centre base in Rolherham. Supporting in excess of 6 learners this base enables the delivery of both employability and develop4n8 independence in the heart of the city in which the learners reside. Accessing their own local community has the greatest irnpact on improwng community attess. b. Learner achievement 201>20 The pandemic has had a major impart oft the planned a¢tNities of the colle8e. In March 2020 the colle8e was subject to pandemic restrictyons and could not recwve learners onto tampus. resultln8 in a significant period of remote learning during lock down. The college did not re5ume'normal' bu5ines5 operation5 for the rernainder of the academic year. De5Plte these thallenge5. the college staff team worked tirdessly with learners and their families to continue distance lezrning throughout the period of loth down. Their dedication and commitment to our learners ultimately resulted in a further year of high academic and personal success and progress. Learnen following our Employability Pathway were greatly affected. with employers shutting down completely in the wake of the pandemic. As a resulL the college liaised commissioners and extended placements into the new academicyear in pursuit of securin8 ernployment outcomes. The colle8e also contatted previoLF5 Employability leamer5 since the Supported Intemship pro8rarnme be8an in 2015116. to see if anyone had lost their jobs due to the pandemic and invited them to join the Wayfinder team'5 Aftèr College. Aftercare Club to resume job searchinB as a5 restrirtions lifted. Outcornes lof learners are imparted by Covid. in that employability learners did not progres5 into erllployment as anticipated. instead they continued their Studies into the new academic year. Most learners. however. did receive effective distanceé learning which resulted in high levels of academic achievemenL as well as sound development in personal skills despite not attessin8 the physical college sites. Learners studying towartls greater independence fared better in tern)s of their outcomes. wth day services and community facility placements being organised durin8 lock down. ready to SUme On restrictions lrfted. The college did not operate under normal conditions between March-july 2020. imparting si8nificantly progress towarés improvement objectives envisaged at the beginning of the year. Page 4
LANDMARKS IA company limited byguaranteel TRUSTEES, REPORT{CONTINUEDI FOR THE YEAR ENDED 31 AUGUST2020 Achlewements and performante Itontlnuedl College leaders are however confident that the quality of education. outcome5. personal and social development as well as leadership and management remain good overall. Trustees and college leaders were encouraged by the higher than normal percentage of sessions judged Outs¢anding in the first round of obser¥ations in the aulumn temi 0119-20. ESFA Learnets who completed their progrzmmes of study in this year pro8re55ed into the following destinations- Paid employment.. Voluntary employmenL' Further education.. Day Services.. After College After Care= li After College Aftercare is a service that was created in 2016 for those learners who prog$5 into employmenl and for whatever reason plans tlo not progress as expected. For some learners it required our intervention with employers to help sustain placements. for other learners it was to work with them to regain employment at other employers. Since its creation the club has helped 6 leameis secure employment and in September 2020 aims to support a further 9 learners back to ernployrnent Covid restrictions permittin& ESFA Learner academic rates of success 19-20= Awards in Employability.. Mathematics.. English.. Information and Communication Tethndo8y Iicn- 95% 97% 94% The qvality of education is good. rin8 the autumn term Learning wa5 most effective in prartical contexts. During Covid 85% 1661 OF learners engaged re8ularty with staff and completed work t¢)wards their qualifications and personal skill development. IO%181 of learners aeeessed ¢dle8e sites lThe Archer and Apperknowle Famil, which remained open and staffed to support learners for whom working at home was difficult and led to behavioural difficulties. The remaining 5% 141 did not en8a8e regularfy with college 5tsff but were given work to complete with parent5 at a reduced rate, such was their level ol anxiety and or complex needs. Finartiolrevitw a. Financial review and rèsèrves policy Toral income increased from £2,316.774 10 £2,585,343 and totsl expenditure from £2.248,046 to £2.451,141. The 2019120 finanoal year concluded with net income of £134.20212019.. net income £68.7281. Total funds carried forward at the year end were E797.009 12019.. £662.8071 ol whith £757.04012019.. £657.1671 are unrestritted funds ènd £39.969 12019.. £5.6401 are resthcted funds. The principal fundin8 f(K charitable actiwties is from central government and local authorities for education services for its learners. Pa8e S
LANDMARKS IA company limlted by 8uaranteel TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST2020 The purchase of ApperknovAe Fzrm ha5 proved to be a success this investment ensured that the charity was able to operate in high quality teaching environments and attract a modest increase in leamers enrollin8 gnto prograrnmes of study. This increased learner roll led to increased income and enabled Landmark5 to return to another surplu5 for the year ended 31 August 2020 for the third year nJnnin& with net current assets, pro8re5S towarés positive free reserves, and a positive cash flow. Learner numbers have increased to 135 and are expected to increase again in 2020 and beyond. The latest management accounts to 31 December 2020 show that the above measure5 are continuing to have a p051tive effEct and the cgllege is outperforming its budget during the first 4 months of 2020121. The re5trves policy was eonfirmed by the Trustee5 and the Charity is working towards agreein8 a coherent strategy that balance5 the free reserye needs of the Charity with the ethical obligatM)n to apportion fund5 to learner benefi't. The college had reviewed the approach of six comparable or8anisations. who adopt in the main, a percentsge of income as a serves policy. therefore the college adopted a IO% of income policy which for 19-20 was £258,406 until such time as a MO robust analysis can be CLMducted which the trustee5 plan to have confirmed in 2¢>21. Free r*se5 at 31 August 2020were £255.951 which 15 just below the current target level. b. Landmarks strategic prlorities Development Pl•n The Development Plan sets Out wider aims agreed by the Trustees for the aCademicaT. It ststes how the Landmarks. mission 5tstement 11 be achieved and links to the budget set for that year. landmarks has a well-e5tablished cycle of development and improvement and the self-assessment priorities provide tar8ets for achieving this. The performance of the college is monito by the 803rd of Trustees. Local Authority funders and Ofsted lie8aTdin8 quality of colle8e provision) and the collection and analysis of data to support trustse and college leaders. judgements made is crucial to acoJrate self-assessment. Strateglc w51on Our vision is'to be recognised nationally for transforming the lives of our learners.. Whilst attessing Landmarks. provision learners will be ehallen8ed to achieve their potentièl within a 5UPPOrtive. motivating and fulfilling environment. We will achieve thi5 by COnntrating on five core strategic themes: Oeliver an outstandin8 learner expe¥Tence Ensure all learners achieve aspirational. sustainable outcor Be the college of chryce Be the employer of choice Manage finances responsibty The current health. political and economic dimate presents a number of st8nificant challen8es for this sertor. Covld has had a significant impact on the anned actrvities of the college. whith were largely accornmodated for by moving delivery onto online learnin& but ultimately the Employability outcomes of that Pathway have been affected. However. support from Local Authorities to extend plarnents until the new calendar year havè been agreed to allow more time fgr learners to Secure employment. Politically due to the signifitant cost of Covid. I31 authority budgets have been under immense pressure 3nd than8es are occurring to the way in whith speoalist prO$10n fw disabled learners is commissioned. We intend to study the emerging pattern of 16-25 learners with learnin8 difficultie5 fundin8 and plan for anticipated Pa8e 6
LANDMARKS IA company limlted by guarantee TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST2020 adjustments andlor opportunities. We are keen to explore the new delivery models and remain flexible and responsive tg change. Landmarks will position itself as a key player in delivering programmes for individuals with who wish tg improve their independent living skills and secure empl¢)yment for whom mainstream provision is inappropriate. The Covid pandemic has had an impact on the Charity. the College partialty d05ed in March 2020 for the rernainder of the acaéemic year. Learners were supported online and in their own homes, a few learners for who this wasn't possible continued to attend the farm and the Archer in covié secure environment. M05t staff were able to work from home and continued to 5UPPOrt learners. Learners who were due to complete their programmes and move into employment were unable to do so because of lockdown. These learners will be supported into 2021. The 2019-2020 Quality Improvernent Plan cleakly articulated the target5 we needed to focu5 on to tontinue to enhance quality and breadth of provision and ultirnately to improve the quality of the learners, experiences and the outcomes thev Secu.. these will be carried fonA*ard io 2021. The Chariws income from EFSA was not allected and all expected income was re£eived_ . quality Improvement prioritie$ 2020-21 Improve tran51tion planning arrangements. so that 80% of leafners maintain their outcomes beyond 3 years. Ensure all learners on the tleveloping Independence Pathway attess some form of workexperience. To encoura8e learners to use subjett-specific. professional and technical v¢xabulary. Develop the breth of curriculum so that more leamers develop life skn"Ils, interests and hobbies beyond the focus ol their pro8rammes. Improve delivery of safeguardin& prevent and British Values sothat all leamers are prepared well for life in modem Britain. Develop the inforniation. advice and guidance offerto parents and carer5 tosupport learners, wider networks. including developing a consistent means of interacting with parentslcarers. Develop the information, advice and 8uidance oFfer to leameis with mental health difficulties to support them to receive the m05t appropriate care via si8npostsn8 and workin8 with external organisations. Develop the enrichment turriculvm so that leamers are ableto develop and discover their InteSts and talents across all sites anil Pathways. Develop observation proce$5e5 50 that college leaders can make judgementsabout learners, behavigurand attitudes outside of the classroom. Oevelop the work ol the Leamercounol. so that they impatt cdlege-wide policy making and awareness raising of council i55ue5 to leaTner5 acr055 all sites. Participate in skills eompetition5 or sooal action projects. so that learners have opportunities to demonstrat positive attitudes and commitment. Utilisin8 ICTde¥elop ways in which learners (an provide independent feedback on hDwthey feel they are prO8Ssing. Opportunities for learners to ass5 1)wn learnin8 will be revith¥ed as part ol ongoin8 learningwalks and tutor observations. Ensure staff are aware of, understsnd and (51$tendY appty the curriculum intent. Ensu implementatiort of the turyiculum is standardised atross all sites and Pathways of the college. Oeliver effective training and developrnent activities to improve tutor pedagogy and theeffectivene55 of learning 5UPPQrt deployrnent. Further develop tutor and learning support assistant knowledge on how to thallen8e leamets to workingat different atademic leve15 in mathematics. English and Icr. Review qualification5 on offer. so that those leamers can achieve qualifications appropriate to their academic lev Pa8e 7
iANDMARKS IA company limited byguaranteèl TRUSTEES, REPORT(CONTINUEDI FOR fHE YEAR SNOED 31 AUGUST2020 and rK occupational outcome. Develop an ICT strate8y for the whole curriculum. so that leamerfs confidence using technolo8y is improvetl. Continue to improve the setting of RARPAtarBets through gUlar review, to ensure that RARPA targets are sequential and clearly demonstrate skill development overtime. College leaders to ensu college manag. tutors and Leamin8 Support Assi5tsnts CVe focu$5ed and hi8hly effecttve professional development. College leaders to ensure that regular. frequent and meaningful engagement takes place with staff at all levels. College leaders to enslbre staff wellbeing r5sues are not due to exce55ive workload demand5 at all levels and in all roles. Require mandatory completion of all internal staff and learnersuNeys. Trustees to develop GOVernar) improvement planning3ctivities so that leadership and management becornes outstanéing by 2021. Trustees and cdlege leaders evidence the continuous arrfl sustsinable positive impart Landmark5 has on learner5. families, and the local community / economy. Strurture* governonceondmanogement a. Constltullo The ttsmpany and the group are registered as a tharitsble company limited by guarantee and tonstituted under a Memorandum and Artides of Association dated 29 March 199S as amended 6 May 2014 and 21 September 2016. re8iStered charity number 1047557. The principal objert of the company and the group is to provide edutatioh and training to adults with learning difficultie5ldisabilities in a tarin8 and sheytered environment b. Methods of appointmènt or election of Trustees The management of the tompany is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum and Articles of As50Ciation. Trustees are recruited via online advertisin& both through voluntary sector lob Boartls and throu8h the colle8e's own website. If rhe college elVeS an enquiry to become a trustee. they are invited to meet the Principal and are wven a tour of the college. If the applicant wishes to pursue their enquiry followin8 a tour. they are then invited to observe the next trustee meeting and meet with the Chair of Trustees on a l..1 basis. If both parties are in a8reement. Trustees are asked to consider the application and vote on membership. Eath yeartrustees recerve training pertinent to the cole. coverineareas ofr. Safeguarding & Prevent Mental Capacity - Equality Diversity and Indusion Safer Reuuitment Female Genital Mutilation Page 8
LANDMARKS IA company limited by8uaranteel TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDE031 AUGU5T2020 StTUCture. govemance manayment (COnnUed) t. Pay pollcylorsenior staff The pay ol the senior management team is reviewed annually, and any increases are agreed by the board. The senior management team are remvnerated based on experience level and industry characteristics for their job role. d, Organlsatlonal structure and de¢islon mali The Trustees are appointed as outlined above and consist of those with a background in education and working with people with disabilities, human resourtes anij private training provision. All Trusrees are experienced in their role5 and have in-depth knowledge and experience of the sector. Additional trainin8 is available on request or when dire(tei4 by the Trustees. The day to day management is the responsibility of the Prinapal. whilst strategic and finantial detisions are made by the Trustees with input from the Prinapal. e. Risk mana8ement Major risks have been assessed and reviewed anLI are fully documented on the risk register. Procetlures to mana8e these risk5 are maintaine<l and reviewed on a regular b351S. The Colle8e operates from its Slte at bttlemoor House. E¢kingron and Apperknowle Farm in Dronfield. Rented premises were acquired in April 2016 where Landmarks runs its Hospitality and Catering operntions. Additional rented prenwses were acquired in 2018 in Rotherham and Nottingham cities, where Landmarks runs its educational pro8rammes of stu<ty. These acouisiknons enabled increases in commissioned places from Aotherharn and Nottin8ham City commissioners. Furthei growth is anticipated over the next three-year perioj due to enhanced learner rettuitment and targeted marketing activities. as well as a continuing partnership with a Rotherham based Multi-Academy Trust who Landmarks have worked c105ely with. Covid 19 rÈstrirtions wll continue to have an impatt on the hospitslity. retsil and personal servicès employment opportunities. Th* tontèxtof dtan Landmarks faces the followng challenges over the nextthree years- To minimi5e the impart of Covid on college artNities. To achieve a college free reserve at an acceptsble level. To develop the use of Littlemoor House. Eckington and other satellite premises. To irnprove Standards towarés Outstanding by the time of the next Ofsted inspection. To maintain income levels which enable Landmarks to 8row and develop. To improve paid employment outcome5 foi Emplowdbility leamer5. To be reputed lor Successful learner outcomes. PaEe 9
LANDMARKS IA company limlted by guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST2020 structure. 4o¥ernance and management lcontiwedl Risks associated with these challenges Replenishing college free reserves of i(rA of fee income IcE250.IKKII requires a medium-terni view and whi15t 2019- 20 contributed to this replenishmenL Landmarks aspires to secure free reserve contributions each year, whilst also generating funds sufficient to reinvest in it5 offer. The budget for 2020-21 will be refore¢ast in January 2021. allowng for adjustments in income and planned expenditure. Introducing a re-forecast enables the colle8e to respond to changes in delrvery. Financial reports have been improved arTril Trustees will re1ve budgetary forecasts ateath meetin& if necessary. further remedial actions will be taken to ensure the predirted surplus occurs. Board ol Trustees have also created a sub-cornrnittee.. Finance. Auditand Resources committeewith dele8ated responsibility'es for nnitoring finanoal perforniance. audit success and resource deployment. An overall Otsted GOOD judgementwas achieved in May 2018. However, the inspection framewoth has changed. and the bar will be raised further. In order to retsin the good or achieve outstandin& Landrnarks will need to continue its improvement journey as articulated in the Quality Improvement Plan. The creation of WayFinder recruitment has proved successful in placing leamers. however opportunities still exist to replicate this model into new areas. which shwld be congdered if the cdlege is to achieve itsvision. Mana8ement of the associated iisks Trustees of the Charity review risks to the organisation dosely. featuring in mostTru5tee meetyngs to ensure the board are aware of the risk to the organisation and the measu5 in Pla to reduce likelihood and increasepreparednes5. The l)oard of Tiustee5 alon8 with the Principal and the finance subcommittee, will monitor colle8e risk profile re8ularlv4 seekin8 to reduce short terrn risks assooated with cash flow. who will then report to the wider board. chai8ed with monitoring incorne and expenditure until the college regain5 its cash reserves. f. Going tontèrn Due to Covid 19. college lezder5 have been requested to review the'material uncertainty related to 80ing concem. of the college tg meet its obligations during the next financial period. As a result the cdlege leadership team presented a paper to the board declaring its position re8ardinB mateThal unrtaIrtty. Trustees have reviewed at length the project tharity Performan over at least the next 12-months and are satisfied that there are ng material uncerrainties related to gging concern and that most likely scenarios have been modelled to inforrn that decision. The Charl5 income wa5 unafferted by the Covid-19 pandemic. EFSA honoured the contracts and all learners continued their programmes. those learners who were unable to move into employment have had their funding extended for another term. With the enrolment of almost learners in september 2020 the antlcipated income for 2020-21 &5 £3.1 The Trustees hwe approved the expendilure to nt additional teathirvd accommodation in Eckin8ton and Nottingham to enable learneis to be taught in Covid secure classrooms. Practices to prevent the 5pre8d of the virus are in plate and at the time of writing only one learner has tested positive for Covid and no other learners or staff have been infected. The Charity is confident that all its linancial commitments will be met in 2020-21 and the foreseeable futuie whilst ever the EFSA and Lotal Authorities are able to fvnd our provisir. Page 10
LANDMARKS IA company lifflited by guarantee) TRUSTEES, REPORTICONTINVEDI FOR THE YEAR ENDED 31 AUGUST2020 Statement otTrustees' responsibilities The Trustees (who are also the directors of the charitzble company for the purposes ol company lawl are responsible for preparing the Tru5tees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Stsndards Iunited Kingdom Generally Apted Accounting Prarttcel. Company law requires the Trustees to prepare finanoal statements for each ffinancial year, which give a true and fair view of the state of affairs of the group and the tharitable company and of their ineoming resources and application of resource5. including their income and expenditure. for that period. In preparing these financial statement5. the Trustees are required to.. selert suitable accountin8 pdioes and then apply them consistendy-. observe the methods and principles of the (harities SOAP 2019 IFRS 1021- make judgment5 and accounting estimates that are asonable and prudenL State whetherapplicable LJK Accounting Standards IFRS 1021 h@ been followed. svbject to any material departures di5d05ed and explained in the finanoal statements." prepare the financial staternent5 on the going concern b35is unless it ts inappropriate to presume that the 8roup will torntinue in operation. The Trustees are responsible for keeping adequate accounting records that disclose with reasonable atcurw at any time the financial p051tion of the group and the charitable company and enable them to ensure that the financial 5taternent5 cornply with the Companies Act 2(KJ6. They are also responsible for safeguarding the assets of the group and the charitable company and hence taking reasonable steps for the prevention and detection of fraud and other Disc105ufe of inforrnation lo audltor In so far as the Trustees are aware.. there 15 no relevant audii inforn)ation of whtch the charitable group's auditor is unaware. and the Trustees have taken all steps they ought to have taken to make themselves aware of any relevant audit information and to estsblish that the auditor is zware of that inlormation. Audstor The auditor. BHP LLP. has indicated their willin8ness to continue in office. The designated Trustees will propose a motion reappointing the auditor at a meeting of the Twstee5. Approved by order of ihe members of the board ofTrustee5 and si8ned on their behalf by- .1011 J&16r L Harby-Greave5 Date: Feb 1, 2021 Page 11
(ANDMARKS IA company Ilmlted bygvarantee) INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS ANDTRusfEES OF LANDMARKS Opinion We havè audited the finèncial statements of Landmarb Ithe'parent charitable compan¢) and its subsidiaries Ithe'group'l for the year ended 31 August 2020 whTch comprise the Consoli<Jated Statement of Financial Attivifies, the Consolidated Balance Sheet, the Company Balance Sheet. the Consolidated Statement of Cash Flows and the related notes, includin8 a summary ol si8nifieant accounting piAicie5. The financial reporting framework that has been applied in their preparation is applicable law and Unitèd Kingdom Accounting Standards. including Financial Reporting Standard 102 The Finandal Reporting Standard applicable in the UK and RepuWic of Ireland. (Unired Kin8dom Generally Accepted Accounting Practicel. In our opinion the financial 5tztements= 81ve a true arté fair view of the State of the group's and of the parent charitable CDmpany's affairs as at 31 Au8USt 2020 and of the group's incomin8 resources and application of sourCes, including its income and expenditure for the year then ended,. have been propedy prepareé in accordante with United Kingdom Generally Accepted Accountin8 Practice,. and have been prepared in accordance with the requirements ofthe Companies Art 21X)6 and the Charitie5 Art2011. Basis for opinion We conducted our audit in accordance with Intemational Standards on Auditing IUKI IISAS IUKII and applicable13w. Our responsibilities undef those standards are further described in the Auditor's responsibilities for the audit of the financial ststements sertion of our report. We are independent of the group and pant charitable company in accordan with the ethical requilements that are relevant to our audit of the finanoal statements in the United Kingdom, intluding the Financial Reporring Council'5 Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the alit evidence we he obtained is suffjoent and appropriate to provide a basis loi our opinion. Conclusions rèlating to ¢tsinB concern We have nothing to report in respect of the followin8 matters in relation to which the ISA5 IUKI require u5 to report to yo where.. the trustees, use of the gryng cOnM basis of accountyng in the preparation of the financial statements is not appropriate.- or the trustees have not di5c105ed in the fin3naal statements any iéentified matèrial uncertainties that may cast signifitant doubt about the group'5 or the parent charitable company's ability to continue to adopt the going tontern basis ol atrounting for a period of at least twelve mnths from the date when the financial statements are authorised for issue. Page 12
LANDMARKS IA cornpany Ilmlted by guarantee) INDEPENDENT AUDITOR'S REPORTTOTHE MEMBERS AND TRUSTEESOF LANDMARKS ICONTINUEDI Other ib?fmatIOn The tru5tee5 are responsible fw the other infomiation. The other information comprises the informatson included in the annual report, other than the financial ststements and our auditorf5 report thereon. Our opinion on the financial statements does not cover the other information and. exceptto the extent othernise explicitly stated in our pOrt. we do not express èny Irn of assurance conclusion thereon. In connection with our audit of the financial statements. our responsibility is to read the other information and. in doing so. consider whether the other information is materially inconsistent wth the financial statements or our knowledge obtained in the audit or otheTh4ise appears to be materially misstatetl. If we identify such material inconsistencies or apparent material mi55tatements, we are required to determine whether there is a material mi5Statement in the financial ststements or a material misstatement of ihe other infom)ation. If, based on the work we have performed, we conclude that there is a material rnisststement of thi% other information. we arè required to report that fact. We have nothing to report in this regard. Opinion5 on other matters pre5uibEd by the Companies Act 2(W)6 In our opinion, based on the work undertaken in the coutse of the audit the information 8iven in the Trustees. report lincorporaring the directors. report) forthe financial year for which the linancial statements are prepared is conwstent with the finanoal statements, and. the director5, report has been prepared in accordance with applicable legal requirements. Matters on which we are requlred to report by eXcepOn In the li8ht of our knowled8e and understanding of the group antl parent charitable company and its environment obtained in the course ol the audit. we have not identified material misstatements in the directors. report. We have nothin8 to report in respert of the followin8 matters in relation to which Companies Act 2C4J6 requires us to report to you if. in our opinion-. the parent charitable wmpany has not kept adequate and sufficient accounting record5. or returns adequate for our audit have not been received from branches not visited by us,. or the PaNt tharitable company financial statements are not in a8reement with the acc(yJntsng record5 and returns.. or certain disdosures of directors. remuneration specified by law are not made- or we have not ¢ved all the infomiation and explanations we require for our autlit,. or the trustee5 were not entitled to prepare the finanoal 5tstements in accordance with the small companies regime and take advantage of the small companies. exemptions in preparin8 the directors. report and from the reqvirement io ppare a strate8ic report. ftesponsrbilities of trustees As explained more fully in the tru5tees' respon5ibilitie5 5tatemEnt. the trustees (who are also the directors of the charitable tompany for the purposes ol tompany lawl are responsible for the preparation of the financial staternents and for being satisfied that they give a true and fair view, and for such intemal control as the trustees determine is necessary to enable the preparation of finanoal statements that a free from material misst3temenL whether due to fraud or error. Page 13
LANDMARKS IA company limited by guaranteel INDEPENDENT AUDITOR'S REPORTTOTHE MEMBERS AND TRUSTEES OF LANDMARKS ICONTINUEO} In preparing the financial statements, the twstees are responsible for assessing the 8roup's and parent charitabl company's ability to continue as a 80ing concern. disclosin& 35 applicable, matters related to 80in8 concern and using the 80in8 concern basis of accounting unless the trustees either intend to liquidate the group or the pant charitable tompany or to cease operatiorts. or have no rÈali5tit altÈrnatNe but to do so. Auditor's respon5ilMlitiÈs forthe aud•t olthe financial statements We have been appointed auditor under the Companies Art 2( and section ISI of the Charities Aci 2011 and report in accordance with those Acts. Our objectives are to obtaln reasonable assurance about whether the financial statement5 a5 a whole are free frorn rnaterial misstatement, whether due to fraud or error. and to issue an auditO¥'5 report that indude5 our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an aud¢t conducted in accordance with ISAS IUKI will always detect a material MisSteMent when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these finala1 statements. A furthei description of our responsibilities for the audit of the finanual ststements is lotated on the Financial Reporting Council's web51te at.. v¥ww.frc.or uditorsres . This desuiption forms part of our auditor'5 report. Usè of our rèp(t This report is made solety to the charitable cornpany's members. as a body. in accordance with Chapter 3 of Part 16 of the Companies Art 26. and to the charitable company's trustees. a5 a body. in accordance with Part 4 of the Charitie5 (Accounts and Reportsl Regulations 2CI)8. Our audit work has been undertaken $0 that we might state to the charitable company'5 rnembers and its trustees th95e matters we are required to state to them in an auditorf5 report and lor no other purpose. To the fullest extent pemiitted by law. we do not accept or assume responsibility to anyone other than the charitable company and its members. as a body and the tharitable £Lwnpany's tnJstee5 a5 a body, for our audit WOFK for this report, or for ihe opinions we have formed. Jane Marshall (Senlor statutory awditorl lor and on behalf of BHP LLP Chartered Atcountants Statutory Auditor 57-59 Saltergate Chesterlield S40 IUL Oate.. 8klP LLP is eli8ible lo act as an auditor in iefms of Sertion 1212 of the Companies Act 2(rf)6. Feb 2, 2021 Page 14
LANDMARKS IA cornpany limittd by guarantee) CONSOLIDATED STATEMENT OF FINANQAL AcnviTIES (INCORPORATING INCOME AND EXPENDITURE ACCOVNTI FOR THE YEAR ENDED31 AUGusf2020 Restricted fvnds 2020 Unrestrirted funds 2020 Total fund5 2020 Totsl funds 2019 Note Income from: Donations and legaoes Charitable activities 43.647 49.942 2.333.416 148.318 93,589 2.333A36 148.318 55.662 2,105.241 ISS,662 209 Other tradin8 arti¥itie5 Investments Other income lo[) 10.000 Totsl income 43.647 2.541.696 2,585,343 2,316,?74 Expenditure on: Raising funds Charitable èetivities 130.761 2.310.615 130,768 2.320.373 134,964 2.113.082 9.758 Total expenditure 9.758 2.441.383 2,451,141 2,248,046 Net income 3389 1th).313 134,201 68.728 Transfers between funds 19 Net movement In lunds 34.329 993 134.202 68,728 Reconciliatlon of fvnds: Total funds brought forward Net movement in funds 657,167 662.807 594.079 34.329 99A73 134.202 68.728 Total funds carried forward 39,969 757,040 797.009 662,807 The Consolidated Statement of Financial Activities includes èll gains and bsses reco8nised in the year. Pa8e IS
LANDMARKS IA company Ilmlted by £arantee} REGISTERED NUMBER.. 03039522 CONSOLIDATED BALANCE SHEET ASAf31AUGusf2020 2020 2019 Note Fixed assets Tangible assets 1.009.028 969,066 IJ109.028 969,066 Current assets Stock5 15 3.657 185.191 301.047 3,253 81,030 262.8SI Debtors 16 Cash at bank and in hand 489.896 347.134 Creditors- amounts fallin8 due wthin one year 17 1230.2641 1161.2151 Net currÈnt assets 259.632 185.919 Total assets 1è5S turrent liabilities 1.268.660 1.154.985 Creditors.. amounts fallin8 due after more than one year 18 1471.6SII 1492.1781 Totsl assets 797A109 662,807 Charity fvnds Restrirted funds Unrestricted funds 39,969 757 19 657.167 Total funds 797.009 662.807 The Trustees acknO%edge their responsibilitie5 for complwng with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance the provisions applicable to enttties subject to the small companies regirne. The financial statements We approved and authorised for issue by the Trustees and signeLI on their behalf by.. L Harby-Greaves Date.. Feb 1.2021 The notes on pages 19 to 38 form part of these finanual statsments. Page 16
LANDMARKS IA company limited by euaranteel REGISTERED NUMBER.. 03039522 CHARITABIE COMPANY BALANCE SHEET ASA T31 AUGUST2030 2020 2019 Note Fixed assèts Tangible fixed assets Investments 13 I07.156 966.532 L007.157 966,533 CurreDt assets Debtors 16 213.088 254.293 104,929 235.646 Cash at bank and in hand 467.381 340.575 Creditors.. amounts falling due within oneyezr 17 {211,0321 1154.4681 Nel current assets 246.349 186,107 Totsl assets less current liabllrtles 1.253.506 1.152.640 Creditors= amounts falling due after more than one year 18 1471.651) 1492.1781 Total net assets 781A55 660,462 Charlty funds Restricted fund5 19 39.969 5.640 Unrestrirted funds 19 741A86 654.822 Total funds 781.855 660.462 The Trustees acknowledge their responsibilities for complying with the requ1meThts of the Act with respect ro accounting retords and preparation of finanaal 5tatement5. The financial statements have been prepared in accordance with the provisions applicable to entities subjert to the small companies regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: L Harby.Greaves Date.. Feb 1, 2021 Page 17
LANDMARKS IA cornpzny limited by 8uaranteel CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST2020 2020 2019 Note Cash Ik)ws from operaiine artivitles Net cash provided by operatin8 activities 22 211.759 197.402 Cash flows from inve5tlng activities Bank interest 209 Purchase of tangible assets I153361 136.8761 Net tash usèd in investing activities 1153.0361 136,6671 Cash flows from finan¢in8 arti¥it*s Repayments of borrowin8 (20.5271 119.0571 Net cash yged in finan¢lnB acti¥ities 120.5271 119.0571 ChanBe In cash and cash equfvalents In the year 38.196 141.678 Cash and cash equivalents at the be8inning of the year 262.851 121.173 Cash and ¢ash equivalents at thè Ènd of the year 23 301,047 262.8SI Page 18
LANOMARKS IA company limited by guarantetl NOTES TOTHE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 AUGUST2020 Attounting policies J.1 8osffs olprepurntionoJfmontiuistL¥tsmtnts The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reportin8 by Charities.. Statement of Recommended Prxtice applicable to charitie5 preparin8 their accounts in accordance with the Financial Reporting Stsndaré applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. the Finhncial Reporknng Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2C6. Landmarks meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially cognised at historical cost ort¥ansact¢on value unless otherwise stated in the relevant accounting policy. The financial statements zre presented in £ stertin8 which is the funCtnal turrency ol charity- 1.2 Incorne All income is reco8nised once the charitable company has entitlement to the income, it is probable that the income will be e1ved antl the amount of Income receivable can be measured reliably. Donated servites or fatilities a retognised when the tompany has control over the item. any condrtions associated with the donaled item have been met. the receipt of econornic benefit from the USE of the company of the item is probable and that eeonomic benefit can be mesured reliab. On receipt, donated professional services and faolities are recognised on the basis of the value of the gift to the charitable company which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefir on the open market,. a COrponding amouni is then recognised in expenditure in the peiiod of rlpt. Orhef income is retognised in the period in which it is recer¥able and to the extent the goods have been provided or on completion of the service. 1.3 Expenditure Expenditvie is recognised On the is a le831 or constructive obligation to transfer ecornomic benefit to a third party. it is probable that a transfer of etonomic benefits will be required in settlemerTrt and the amount of the obligation can be measured reliably. Expenditure 15 classified by activity. The cost5 of each activity are made up of the total of direct costs and shareé costs. including support Costs involved in undertaking each activity- Direct costs attributable to a single actiwty a allocated dirertly tg that artivity. Shared costs which contribute to more than one attivity and support Costs which are not artributable to a single attivity a apportioned between those activitie5 on a basi5 consistent with the use of resource5. Central staff costs are allocated on the basis of time Spent. and depreciation chzrges allocated on the portion of the a55et's use. Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management carried out at Headquarters. Costs of raisin8 funds are costs incurred in attrattin8 voluntary income. and those incurred in tradin8 artivities that raise lunds. Page 19
LANDMARKS IA company limited by guarantee) NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 AUGUST2020 Accounting policies Itontinued) 1.3 Expenditure Icontinuedj Charitable artivities are costs incuired on the company's educational operations. including sypport costs and costs relatin8 to the governante of the company apportioned to charitable activities. l expenditure is intluswe of irrecoverable VAT. 1.4 BLys oAconsoIKlotion The finanoal statements consolitlate the accounts of Landmarks and its subsidlary undertakings, Landmarks Training Enterprises Limited. The company has tsken advanta8e of the exemption contained within section 408 of the Companies Att 2006 not to present its own Income and expenditure account. The results of the subsidiary are tonsolidated on a line by Ie basis. 1.5 Tongffblefixed ossets ond depreciotmi Tan8ible fixed assets costing £SCfj or more are capitali5ed and recognised when future economic benefits 3re probable and the wst or value of the assei can be measured lably. A wiew for impairment of a fixed asset is carrie(l out if events or changes in circumstsnces indicate that the carrying value of any fixed asset may not be retoverable. Shortfalls between the carrying value of fixed assets and their e0Verable amounts are reccgnised as impairments. Impairmeni losses a reco8nised in the Statement of financial activities. Tangible fixed assets are rrIed at cost. net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed asset5. le55 their estimated residual value, over their expected useful lives on ihe followin8 bases. Freehold propertv Short-term leasehold property Motor vehicles Fixture5 and fittings -2- 10% straight line - Over the remaining tem of the lease 25% straight line 20% 5trai8htline 1.6 Opemting leases Rentals under operating leases are tharged to the Ststement of Finanaal Attivities orn a strnight line basis over the lease term. Pa8e 20
LANDMARKS IA company limited by 8uaranietl NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 AUGUST2020 A¢¢ountin8 poll¢lesleontinuedl J.7 Investments Fixed asset investments are a ItKm of financial instrument and are initially recognised attheir transaction cost and subsequently measured at fair value at the Balance sheet date. unless the value cannot be measured reliably in which case il is measured at cost less impèimieni Investment gains and losses. whether realised or unrealised. are combined and presented as'Gains/lLossesl on imiestsnents. in the Consolidated statemenr of financial activitie5. Investments In subsidiaries are valued at cost less pr(Nision for impairment. 1.8 StKks Stocks are valued at the lower ol tost and net realisablevalue. 1.9 Interest recewoble Interest on fund5 held on deposit is included when recavable and the amount can be measured reliably bv the company.. this is ngrmally upon notification of the interest paid or payable by the Bank. 1.10 Taxotlon The charity 15 an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and 15 considered to pass the tests Set out in Paragraph l Schedule 6 Finance Att 2010 and therefore it meets the definition of a charitable company for UK corwation lax purposes. Lll Dpbtws Trade and other debtors are recognised at the settFement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 1.12 Cosh ot bunk ondth knnd Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or le55 from the date of atquisition or opening of the deposit or similar account. 1.13 Liobilitiesondprovislons Liabilities are retognised when there is an obligation at the Balan sheet date as a result of a past event, it is prob3ble that a transfer of economic benefit will be required in 5ettlemenL and the amount of the settlement tan be estimated rdiabty. abilities a reco8ni5ed at the amount that the group antiapates It will pay to settle the debt or the amount it has reteived as advanced payments for the goods or Servi it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the tirne value of money is material. the provision is based on the present value of those amounts, discounted at the pre-tax discount rate thal reflects the risks speafic to the liability. The unwinding of the discount is recognised within interest payable and similar char8e5. Pa8e 21
IANDMARKS IA company limited byguaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED31 AUGUST2020 Accountinz policies l£ont4nuedl 1.14 Financiol instruments The group only has financtal a55ets and financial liabilities of a kind that qualify as basit financial instruments. Basic financial instruments are inilialty recognised at transartion value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost usin& the effertive interest method. 1.15 Fundaccountlnq General funds are unrestricted fvnds which are available for use at the discretion ol thè Trustees in lurtherance of the general objertives of the 8roup and which have not been designated for other purposes. Restritted funds a fvnds which are to be used in accordan with Specific re5tTiclions imposed by donors or which have been raised by the charitable company for particular purposes. The costs of raising and administerin8 suth fvnds are tharged against the spectfic fund. The aim and use of each restricted fund is set out in the notes to the finanaal statements. Investment income. gains and losses a allocated to the approwiate fund. 2.16 Employee lJenelltS W1)en employees have rendered service to the charity. short-teim employee benefits to which the employees are entitled are retognised at the undtscounted amount expected to be paid in exchange for that service. The charity operate5 3 defined contribution plan for the benefit of its employees. Contribution5 are expensed as they become payable. Benefits are also provided to employees ofthe tharity by theTeachers' Pension Scheme (YPS'I. The TPS is an unfunded scheme and contributions are ulculated so as to spread the $t of pensions over employees. working lives with the charity in such a way that the pension cost is a Substantially level percents8e of current and future pensionable payroll. The contributions are determined by the Government Actuary (K) the basis of quadrennial valuations usin8 a prospective unit credit method. The TPS is a multi ernployer scherne and there is insufficient inforrnatlon available to use defined benefit accountin8. The TPS is therefore treated as a defined contributicw) scheme for accountin8 purposes and the contributions reco8ntsed in the period to which they ielate. 1.17 Gng concern The finanoal staiements have been prepared on a going contern basis as the trustees believe that no material uncertainties exist. The trLt5tees have considered the level of fvnds held and the expected level of incorne and e¥penditure for 12 months frorn authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a goin8 concern and the latest management accounts show results are in excess of the budget and with a positive cashflow. Page 22
LANDMARKS IA company limlted by guzrantee) NOTES TOTHE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 AUGUST2020 A¢countin8 p0licieslconned) 1.18 Criticol t7ccounting estlmotes ondareos ofiudgement Estimares and judgments are continually evaluated and are based on historical experience and other factors, including expertations of future events that a believed to be reasonable under the circumstances. Qitical accountrng estimates and assumprions.. The Charity rnake5 estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition. seldom equal the lated actual results. There are no estimates and assumptions that have a significant risk of causin8 a material adjustment to the carrying amounts ol assets and liabilities within the next finanoal year. Income from donations and lewies Re51ri¢ted nds 20 Unfemrlrted fund5 2020 Total lunds 2020 Total funds 2019 Donations received L471 48,471 1.471 92.118 6.727 Grants re1Ve 43.647 31.840 Sundry receipts 17,095 43,647 49.942 93,589 55,662 Totsl 2019 51,662 55,662 INome from charltable atti¥ities Unrestricted funds 2020 Total funds 2020 Total funds 2019 Income received for edUtIon sery15 2,333,436 2,333,436 2,105.241 Total 2019 2.105,241 2.105,241 Page 23
LANDMARKS IA company limited by8uaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST2020 Income from othertradlnE arti¥it*s Unrestricted funds 20ZO Totsl lunds 2020 Total funds 201C Archer Pub income 135,922 10.308 135,922 10.308 134,103 13,719 sso Apperknowle livery income Bistro income Fundraising income 2.088 2.088 7,290 148.318 148.318 155,662 Total 2019 155.662 155.662 Investment Income Unrestrirted funds 2020 Total funds 2020 Total lunds 2019 Deposit account interest 209 Total 2019 209 209 Other Income Unrestrirted lunds 2020 Total fvnds 2020 Coronavirus grant io,o(x) 10,000 Page 24
NDMARKS IA company limited byguarantèé) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGU5T2020 Expenditure on raising fund5 Unrestritted funds 2020 RèsirictÈd funds 2020 Total fund5 2020 Totèl funds 2019 Trading costs Trading activities- other costs Fundraisin8 Costs 83.034 47,618 83,034 47.618 81,891 52,204 Toto12020 130.652 130,652 134.964 Total 2019 134.964 134.964 Page 25
LANDMARKS IA company limited byguaranteel NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 AUGU5T2020 Charitable activities Unrestricted fvnds 2020 Re5tricled fvnd5 2010 Total funds 2020 Total funds 2019 Staff costs 1,721,629 48.710 1.721.629 1.455,138 Rent and rates 48,710 36.321 22.662 8.783 Insurance 34.183 34.183 15,a48 9.522 li8ht and heat Telephone Postage and stationery Advertisin8 Sundries 15.348 9.522 11.266 40.554 885 40.554 32.533 12,533 1.915 1,431 53.670 1,431 53,670 Mini bus and car expenses Travd and subststence 43.230 42,904 53.782 27.925 27,915 55,200 Repairs and renewals Beneficiary costs aeaning Staff recruitment 55,2(Kl SO,548 120,995 716 3.662 12.774 719 3,661 12.774 719 3,929 20.272 Staff trainin8 Bank tharges Depreoation Bank loan interest 946 102.654 9.758 112,412 15.215 91.176 15,215 S3.721 17.489 Speech and language contract Teaching and sUPPOrt Costs Legal and professional Support costs (note 81 53,721 61.567 4.389 4,389 38,053 18,419 7,293 47,458 20.174 38.053 18.419 Tota12020 2.310.615 9,758 2,320,373 2,113,082 Total 2019 2.108.499 4.583 2,113,082 Page 26
LANDMARKS IA company limited byguaranleel NOTESTO THE FINANCIALSTATEMENTS FOR fHE YEAR ENDED31 AUGUST2020 Support tosts UnrestrKted fvnds Restrlcted funds Total fund5 Total funds 2020 2020 2019 Audit fees 8.640 8,640 Accountancy fee5 9.779 9.779 11,534 Total 18,419 18,419 20,174 In 2019 all support tosts were UnStritte. io. Staff costs Group 2020 Group 2019 Company 2020 Company 2019 Wages and salaries Sla1 security costs Contribution to defined tontribution pension schemes 1.518.461 110.458 L287.320 90.509 1,518,461 110,458 1.287.320 90.509 91.710 77,309 91,710 77,309 1.711,629 1.455,138 1,721,629 1,455,138 The average number of persons employe(I by the charitable ci)mpany and group tluring the year was as fdlows: Group 2020 No. Group 2019 No. Total Page 27
LANDMARKS IA company lirnited byguaranteèl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST2020 io. Staff costs Icontinuedl The number of employee5 whose employee benefits 1exdud1 employer pension costs) exceeded £60,000 was: Group 2020 No. Group 2019 No. In the band £60.(X)1- £70.cxxI Key management personnel remuneration fortheyear induding Employers. Nl and Pension totalled £453.S58 12019-. £466.026). IL Trusteès. remuneraiion and èxpenses During the year. no Trustee5 received any remuneration or other benefits12019 - £NILI. During the year ended 31 August 2020. no Trustee expenses have been incurred12019- £125 to l Trusteel. Pa8e 28
LANDMARKS IA company limited by8uaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGIJST2020 12. Net incomellexpenditurel This is stated after tharginE'. 2020 2019 Depreciation of tsngible fixed assets.. - owned by th? group Auditor's remvneration- audit 113.074 91.176 8,640 Auditor's rernuneration-otherservtces 9.779 11,534 13. Tangiblè fixed assets Group Short-term leasehold property freehold property Motor FiXre$ and vehicles rlg$ Total At I September 2019 Additions 984.719 10.896 30.497 15.025 329,157 138,011 13SS.269 153.036 At 31 August 2020 984.719 lo6 45.522 467,168 I.5305 Depreciation At I September 2019 Charge for the year 136.616 3.818 17,174 228,595 386,203 51.637 1,090 9,259 51,088 113,074 At 31 August 2020 188.2S3 4,908 26,433 279,683 499,277 Netbook le At 31 August 2020 19,089 187.485 1.009,028 At 31 August 2019 848.103 7.078 13.323 100,S62 969,066 The net book value of assets secured a8ainst the liabilities of the chartty totals £796,46612019'. £848.1031. Page 29
UINDMARKS IA ¢ompany limited by guarantee) NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 AUGUST2020 13. Tangiblè fixed assÈts Itontinuedl Company 5hort-term leasehold property Freehold property Motor Fixtures and ¥ehi¢les rfftin8S Total Cost or valuotlon At I September 2019 Additions 984.719 IOA96 30,497 15.025 325,848 138,011 1,351.960 153.036 At 31 August 2020 984.n9 10.896 45.522 463,859 1.504.996 Depreciotion At I September 2019 Charge for the year 136.616 51,637 3.818 17.174 9.159 227.810 385,418 112,412 SO.426 At 31 Au8USt 2020 IW253 26,433 278,146 497 Net bookvolue At 31 August 2020 19.089 185,613 1.007,156 At 31 AuBUSt 2019 848,103 7.078 13.323 98,028 966,532 14. Flxed a$5et investments 2020 2019 Landmarks Training Enterprises knmited 15. Stocks Group 2020 Group 2019 8ar and food stock 3.6S7 3.253 Page 30
LANOMARKS IA Company Ilmlted b¥8uarantèel NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENOED31 AUGUST2020 16. Debtors Group 2010 Group 2019 Companv 2020 Company 2010 Due within one lf Trade debtors 134.Y8 2.345 11,913 44.361 134.S48 31,449 11.911 44.361 26.398 6,750 Amunts owed by group undertakings Otherdebtors 6.750 Prepayments and accrued income 29,919 3S,180 27,420 185,192 81.030 213,088 104.929 17. Credltors: Amounts fallin8 due wTrthin one year Group 2020 Group 2019 Company 2020 Cornpany 2019 Bank loans 21.736 23,736 7,416 37.738 92,325 23,736 23.736 Trade creditors 3,184 60,493 133,619 6.504 34.544 89.684 Other creditors 66.451 136,437 Accruals and deferred income 230.264 161.215 221,032 154,468 Pa8e 31
LANDMARKS IA company lirnited byguaraniee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGusf2020 18. Credltors: Arnounts falling due after rnore than onèyèar Group 2010 Group 2D19 Company 2020 Cgmpany 2019 gank loans 471,651 492,178 471.651 492,178 Amounts repayable by instslments which falls due after 5 years.. Grow) 2020 Group 2019 Company 2020 Company 2019 Repayable by instalments 376.705 391,745 376.705 391,745 376,705 391.745 376,705 391,745 The bank loans are secured on the assets of the thartrtsble wmpanv. Pa8e 32
LANDMARKS {A company limiteil byguaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED31 AUGUST2020 19. Statement of fvnds Staternent of fund5- cuirent year Balan at I September 2019 Transfèrs Balan at 31 inlout August 2020 Inrome Eypenditure Unrvstrirtedfvnd5 General Funds 654A22 2.345 2395.774 14S.922 12.308.270) 1133.1131 14401 741.886 15.154 Subsidiary Company Reserves 657.167 2.Yl.696 12.441,3831 14401 757,040 Restrlrtedfvnds 13,4561 1.117 Z5,1 14.4811 17.063 L117 Sensory 8arden Bisiro 8.419 18.647 152771 21,789 ApPenoWIe 43.647 19,7581 39.969 rotol olfvff 661807 2.585.343 12.451.141} 797.009 Page 33
IANDMARKS {A tompany Ilmlted byguaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST2020 19. Statement otfund5 Itontinued) Ststement of fub)ds- priorye Balance at Iseptember 2018 Balance at 31 August 2019 Intome Expenditure Unrestrittedfvnds General Funds 585.236 2,620 2.176.334 136.440 12,106.7481 1136.7151 654,822 2,345 Subsidiary Company Reser¥es 587,856 2.312,774 12.243,4631 657,167 RestYi¢tedfvnds IT 13,4561 11621 15251 14401 13,4561 1.117 Sensory Garden Bistro 1.279 8.419 14401 Appertnowle 6.223 4.OCIJ 14,5831 5,640 Tot¢71offvnds 594.079 2,316.774 12,248.0461 662,807 Restricted funds Grant receive(I to purchase new IT equipment to improve leamer faolities as well as fvnd for the salary of a new technician. Sen50ry Garden For works to be done on a sensory8arden fry the benefit of the learners. Bistro Grant received for the purpose of renovatin8 the bistro. Apperknowle Money received from the Nineveh Trust for the purpose of general improvements to the farm facilities at Apperknowle. this funding is specific to Apperknowle however not for any particular improvements. Pa8e 34
LANDMARKS IA company Ilmlted by guarantee} NOTES TOTHE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 AUGUST2020 20. Summaryof funds Summary of lund$- turrent year balan at I september 2019 Transfers Balance at 31 Inlout August 2020 Inwme Expenditure General funds 657.167 2.541.696 43.647 12.441383) {9.7581 757.040 39,969 Restricted funds 440 662.807 2.585,M3 12.451,1411 797.009 Sumrnary offunds- prior year 8alance at Iseptember 2018 Balan at 31 Au8USt 2019 Income Expenditijre General funds 587.856 6.223 2,312,774 12.243,4631 14.5831 657,167 5.640 Aestricted fvnds 594.079 2.316.774 12.248,0461 662.807 21. Analysis of net a$5ets between fvnds Anatysls of net assets bÈtwÈen funds- turrtnt period Restricted fvnds 2020 Unre51ricted funds 2020 Totsl funds 2020 Tangible fixed assets Current assets 12,S52 27.417 996,476 462.479 1230.2641 1471.6511 I.IK15.028 489.896 {230.2641 1471,6511 Creditors due within one year Creditors due in MO than one year Totol 39,969 757.040 797.009 Page 35
LANDMARKS IA company limlted byKuarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGU5T2020 21. Analysis ol nèt assets between fund5 (continued) Analysis of net assets betweth funds- prior period Restricted Unrestrirted funds fund5 2019 2019 Total funds 2019 Tan8ible lixed assets Cu¥ient assets 4.560 1.080 964,506 346,054 1161,2151 1492,1781 969,066 347,134 1161,2151 1492,1781 Creditors due wthin one year Creditor5 due in more than one year Total 657.167 662,807 22. Re¢ort¢iliation of net mo¥ement in fund5 to net cash fiowfrom operatmgactivibes Group 2020 Group 2019 Net income for the period las per Statement of Financial AttNIt$1 114,201 68.728 Adiustmtntslor.. Depreciation charges Bank interest 113,074 91.736 1209 15621 12.0411 39,750 IlncreasellDecrease in stocks Ilncreasel/Decrease in debtors Intreaselldecreasel in creditors 14041 1101,8171 66.704 Net cosh provided byopernting u¢tfvfflts 211.759 197.402 Page 36
LANDMARKS IA company lirnittd by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EAIDED 31 AUGUST2020 23. ADalysi5 of cash and e9ulvalents Group 2020 Group 2019 Cash in hand 301.047 262,851 Totulcosh oftdcosh equlvalents 301,047 262,851 24. Analysi5 of change5 In net debt Atl September 2019 Al 31 August 2020 Cash ffow5 Cash at bank anij in hand Z6Z.851 123,7361 1492,1781 38,196 12,3451 20,527 301.047 126,0811 1471,6511 Debt due within I year Debt due after I year 1253,0631 56.378 1196.6851 25. Oper*lng lease cornmttments At 31 August 2020the total of the group's futu minimum lease payments under non<antellable operatin8 lea5e5 wa5.. Group 2020 Group 2019 Within I year Between l and 5 years 48,959 85,950 27.538 12.190 I34,9 39,728 Lease payments ¢¢£nised as an expense durin8 the year totalled £73,65412019.. £32.5761. Page 37
iANDMARKS IA company Ilrnited byguaranreel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST2020 26. Related party transartiuns The charitable company owns ICth6 of its subsidiary Landmarks Tradin8 Enterprises Limited. Durin8 the year. expenditure was rechar8ed of £25.516 to the subsidiary cornpany12019.. £37.3961 for audiL accountancy, repair5 and stock purchases. At the year end amounts totallin8 £29.10412019.. £26.3981 are included within éebtors owed to the parent charitable company. 27. Prlnclpal subsidlaries The followingwas a subsidiary undertaking of the charitable compznv.. Narne Company nurnber aass of shares Holding Landmarks Tradin8 Enterprises timited 10374758 Ordinary 10 The finantial results of the Subsidiary for the year were.. 14ame Income EeDdIre Profftlllossll Surplus1 (Defrcitl for the year Net assets Landrnarks Trzding Enterprises Limited 145.912 130.768 IS.IS4 15,155 Page 38