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2020-07-31-accounts

REGISTERED CHARITY NUMBER: 1058608

Report of the Trustees and Financial Statements

for the Year Ended 31 July 2020

for

Long Leys Educational Trust

Treybridge Accountants Statutory Accountant G06 The Bloc 38 Springfield Way Anlaby HU10 6RJ

Long Leys Educational Trust

Contents of the Financial Statements for the Year Ended 31 July 2020

Page
Report of the Trustees 3 to 8
Report of the Independent Accountant 9 to 10
Statement of Financial Activities 11
Balance Sheet 12
Cash Flow Statement 13
Notes to the Cash Flow Statement 14
Notes to the Financial Statements 15 to 22
Detailed Statement of Financial Activities 23

Long Leys Educational Trust Report of the Trustees of for the Year Ended 31 July 2020

The trustees present their report with the financial statements of the charity for the year ended 31 July 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Trust purposes as set out in the deed are:

The charitable objects of the Trust are the advancement of the education of children and young people. The objects also include any other charitable purpose for the benefit of the worldwide Christian fellowship known as the Plymouth Brethren Christian Church.

The trust’s main activities are the support of Brethren schools and the provision of grants to organisations that support children and families.

Ethos

Students attending Brethen schools are encouraged to develop their full potential and acquire the discipline of learning how to learn, while upholding Christian teachings and beliefs.

The truth and authority of the Holy Bible and strong family values underpin the commitments of the School to provide quality in every facet of education - curriculum, teachers, facilities, management and discipline - in a safe and caring environment.

Values

The Trustees are drawn from the Brethren community and the School is committed to a way of life that is governed by the Holy Bible, expecting the conduct of pupils and staff consistently to reflect Biblical values and the specific values of the School, which include

Page 3

Long Leys Educational Trust Report of the Trustees of for the Year Ended 31 July 2020

Strategies for achieving objectives

The Trustees' strategy for achieving the Trust's objectives can be summarised:

Providing a property to further the objectives of the Northmoor Education Trust which we include below:

Page 4

Long Leys Educational Trust Report of the Trustees of for the Year Ended 31 July 2020

Significant activities

The Trust has supported the Brethren school in the UK, providing use of the school building and supporting the education provision provided by OneSchool Global UK

Pupils who attend the School are expected to act in accordance with the doctrines and practices of the Brethren, but there is no other academic or financial selection process for admission to the School.

The curriculum is designed to provide opportunities for pupils of varied abilities and interests. The subjects offered are in line with the National Curriculum and cover key learning areas. There is an increasing focus on encouraging and developing self-directed learning principles with students. The aim is to provide a broad and balanced curriculum which promotes personal development and prepares students for increasing independence and responsibility. OneSchool Global UK was incorporated for that purpose and, whilst recognising the responsibilities of each relevant local community, it is considered that the advantages of providing education through one organisation such consolidation are considerable and that in particular it will allows:

Public benefit

The charity furthers the advancement of the education of children aged between five and eighteen in accordance with its purposes by the provision at low rent of school buildings.

In deciding on what activities the Trust should pursue, the Trustees have due regard to guidance issued by the Charity Commission.

Fundraising

The Trust continues to explore a variety of fundraising activities.

Objectives

We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit and we have had regard to it when reviewing our aims and objectives, and in planning our future activities. In particular we consider how planned activities will contribute to the educational aims and objectives we have set.

Page 5

Long Leys Educational Trust Report of the Trustees of for the Year Ended 31 July 2020

FINANCIAL REVIEW

Reserves policy

The Trust is supported and financed principally by income from the Trusts's property. The Trust continues to work closely with OneSchool Global UK to ensure that continued funding received by the Trust, intended to support the education of its students, is donated to OneSchool Global UK in order to continue those provisions in line with the Trust’s charitable objectives.

Long Leys Educational Trust had unrestricted reserves of £2,298,813 (2019: £2,541,884) at the year end.

During the course of its normal activities, LLET has only moderate costs and income as the educational trust takes responsibility for the paying of energy and basic building maintenance.

Exceptional income during this financial year has been achieved through fund raising from the school community donations for the anticipated new learning centre at Ridgeway.

At the year end the Property Fund balance was £1,948,378 (2019: £2,106,516) and the General Fund was £350,435 (2019: £435,368).

Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, it continues to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

FUTURE PLANS

The Trust intends to continue to support OneSchool Global UK to provide a quality and deliver a consistent and high level of educational experience and outcome for all students and staff, in accordance with the Trust's ethos and values.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust dated 17 September 1996, and constitutes an unincorporated charity.

Recruitment and appointment of new trustees

The Trustees of Long Leys Educational Trust consider the boards experience in governance. If a certain expertise is required, the board will consider potential candidates. Appropriate training is given to all Trustees.

Organisational structure

The Trust is managed by the collective contribution of the Trustees (C R Arnett who acts as treasurer) and hold regular Trust meetings.

Page 6

Long Leys Educational Trust Report of the Trustees of for the Year Ended 31 July 2020

Related parties

Northmoor Educational Trust is a charity registered in 1998 for the advancement of the education of children and young people. The Trustees of Long Leys Educational Trust are related to some of the Northmoor Educational Trust Trustees. During the year Northmoor Educational Trust operated their charitable activities within the freehold property owned by Long Leys Educational Trust.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The trustees regularly meet to discuss risks and appropriate systems or procedures are established to mitigate them.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number

1058608

Principal address

107 Stockbridge Road Elloughton Brough East Riding HU15 1HW

Trustees

B Arnett C R Arnett C Glass N Turner T J Pocock D Warrilow

The following trustees hold title to property belonging to the charity:

C R Arnett C Glass N Turner T J Pocock

Accountant

TreyBridge Accountants G06 The Bloc 38 Springfield Way Anlaby HU10 6RJ

Page 7

Long Leys Educational Trust Report of the Trustees of for the Year Ended 31 July 2020

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the board of trustees on 25-May-2021 and signed on its behalf by: C R Arnett

.................................................................... C R Arnett - Trustee .................................................................... N Turner - Trustee

Page 8

Report of the Independent Accountant to the Trustees of Long Leys Educational Trust

Opinion

We have audited the financial statements of Long Leys Educational Trust (the 'charity') for the year ended 31 July 2020 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our account in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Accountants' responsibilities for the account of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Accountant thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form 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 with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Page 9

Report of the Independent Accountant to the Trustees of Long Leys Educational Trust

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Accountant that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement 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 financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk. This description forms part of our Report of the Independent Accountant.

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Section 144 of the Charities Act 2011 and regulations made under Section 154 of that Act. Our audit work has been undertaken so that we might state to the charity's trustees and the trustees those matters we are required to state to them in an accountant's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

TreyBridge Accountants Accountant G06 The Bloc 38 Springfield Way Anlaby HU10 6RJ

Date: 25 May 2021

Page 10

Long Leys Educational Trust

Statement of Financial Activities for the Year Ended 31 July 2020

Unrestricted
Funds
Notes
£
INCOME AND ENDOWMENTS
FROM
Donations and legacies
2
145,618
Charitable activities
Education
4
62,500
Investment income
3
114
Other income
5
61,933
Total
270,165
EXPENDITURE ON
Charitable activities
Education
6
50,467
NET INCOME/(EXPENDITURE)
219,698
Transfers between funds
17
(304,630)
Net movement in funds
(84,932)
RECONCILIATION OF FUNDS
Total funds brought forward
435,367
TOTAL FUNDS CARRIED
FORWARD
350,435		 Property
Funds
£
-
-
-
-
-
462,768
(462,768)
304,630.42
(158,137)
2,106,515
1,948,378		 2020
Restricted
Total
Funds
Funds
£
£
-
145,618
-
62,500
-
114
-
61,933
-
270,165
-
513,235
-
(243,070)
-
-
-
(243,070)
-
2,541,882
-
2,298,813		 2019
Total
Funds
£
1,261,931
115,975
107
159,495
1,537,508
519,552
1,017,956
-
1,017,956
1,523,926
2,541,882

Page 11

Long Leys Educational Trust

Balance sheet

for the Year Ended 31 July 2020

Notes
FIXED ASSETS
Tangible assets
11
CURRENT ASSETS
Debtors
12
Cash at bank
CREDITORS
Amounts falling due within
one year
13
NET CURRENT ASSETS
TOTAL ASSETS LESS
CURRENT LIABILITIES
CREDITORS
Amounts falling due after more
than one year
14
NET ASSETS
FUNDS
Unrestricted funds :
17
General fund
Property fund
TOTAL FUNDS		 Unrestricted
Funds
£
-
28,500
324,435
352,935
2,500
350,435
350,435
-
350,435		 Property
Funds
£
3,479,727
-
-
-
-
-
3,479,727
(1,531,349)
1,948,378		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-		 2020
Total
Funds
£
3,479,727
28,500
324,435
352,935
2,500
350,435
3,830,162
(1,531,349)
2,298,813
350,435
1,948,378
2,298,813
2,298,813		 2019
Total
Funds
£
3,845,504
50,000
390,467
440,467
162,740
277,727
4,123,231
(1,581,349)
2,541,882
435,367
2,106,515
2,541,882
2,541,882

The financial statements were approved by the Board of Trustees and authorised for issue on 25-May-2021 and were C R Arnett signed on its behalf by:

….............................…..................... C R Arnett - Trustee

….............................…..................... N Turner - Trustee

Page 12

Long Leys Educational Trust

Cash Flow Statement

for the Year Ended 31 July 2020

Cash flows from operating activities
Cash generated from operations
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Sale of tangible fixed assets
Interest received
Net cash used in investing activities
Cash flows from financing activities
New loans in year
Loan repayments in year
Loans converted to gifts
Interest on loans
Net cash provided by/(used in) financing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2020
£
80,844
80,844
(96,990)
114
(96,877)
-
(50,000)
-
(50,000)
(66,032)
390,467
324,435		 2019
£
110,832
110,832
(2,065,434)
638,256
107
(1,427,071)
1,158,349
(530,000)
-
47
628,396
(687,843)
1,078,311
390,467

Page 13

Long Leys Educational Trust

Notes to the Cash Flow Statement for the Year Ended 31 July 2020

1 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

2020
£
Net income for the reporting period (as per the Statement
of Financial Activities)
(243,070)
Adjustments for:
Depreciation charges
462,768
Profit on disposal of fixed assets
-
Interest received
(114)
Increase in debtors
21,500
(Decrease)/increase in creditors
(160,240)
Net cash provided by operations
80,844		 2019
£
1,017,956
406,180
(159,389)
(106)
(50,000)
(1,103,809)
110,832

Page 14

Long Leys Educational Trust

Notes to the Financial Statements for the Year Ended 31 July 2020

1 ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) (as amended by Update bulletin 1)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold 2% on cost Improvements to property 15% on reducing balance

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2 DONATIONS AND LEGACIES

Gifts
Donation
Gift aid		 Unrestricted
Funds
£
-
117,016
28,603
145,618		 Restricted
Funds
£
-
117,016
28,603
145,618		 2020
Total
funds
£
-
234,032
57,205
291,237		 2019
Total
funds
£
-
1,230,674
31,257
1,261,931

Page 15

Long Leys Educational Trust

Notes to the Financial Statements

for the Year Ended 31 July 2020

3 INVESTMENT INCOME

Deposit account interest
4
INCOME FROM CHARITABLE ACTIVITIES
Contribution for use of
property
5
OTHER INCOME
Gain on sale of tangible
fixed assets
Income from one school global
Sundry Income
6
CHARITABLE ACTIVITIES COSTS
Education		 Unrestricted
Funds
£
114
Activity
Education
Unrestricted
Funds
£
-
61,903
30
61,933		 Restricted
Funds
£
-
Restricted
Funds
£
-
-
-
-
Direct
Cost
£
464,843		 2020
Total
funds
£
114
2020
Total
funds
£
62,500
2020
Total
funds
£
-
61,903
30
61,933
Support
Costs (see
note 7)
£
48,392		 2019
Total
funds
£
107
2019
Total
funds
£
115,975
2019
Total
funds
£
159,389
-
106
159,495
Totals
£
513,235

Page 16

Long Leys Educational Trust

Notes to the Financial Statements for the Year Ended 31 July 2020

6
CHARITABLE ACTIVITIES COSTS - Continued
Depreciation
Light and heat
Repairs
Telephone
Sundry
IT Cost
7
SUPPORT COSTS
Education
Auditors remuneration
Loan interest
Accountancy
Legal fees
8
AUDITORS REMUNERATION
Audit		 Unrestricted
Funds
£
-		 Finance
£
78
Restricted
Funds
£
-		 2020
Total
funds
£
462,768
-
863
-
998
214
464,843
Governance
Costs
£
48,314
2020
Total
funds
£
-
45,814
2,500
-
48,314
2020
Total
funds
£
-		 2019
Total
funds
£
406,180
7,501
49,405
214
463,300
Totals
£
48,392
2019
Total
funds
£
3,156
41,080
3,984
7,827
56,047

Page 17

Long Leys Educational Trust

Notes to the Financial Statements for the Year Ended 31 July 2020

9 TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 July 2020 nor for the year ended 31 July 2019.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 July 2020 nor for the year ended 31 July 2019.

10 STAFF COSTS

There were no staff costs for the year ended 31 July 2020 nor 31 July 2019.

11 TANGIBLE FIXED ASSETS

COST
At 1 August 2019
Additions
Disposals
At 31 July 2020
DEPRECIATION
At 1 August 2019
Charge for year
Eliminated on disposal
At 31 July 2020
NET BOOK VALUE
At 31 July 2020
At 31 July 2019
12
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors		 Freehold
property
£
1,067,168
-
-
1,067,168
67,502
21,343
-
88,845
978,323
999,666		 Improvements
to
property
£
3,236,917
96,990
-
3,333,907
391,079
441,424
-
832,503
2,501,404
2,845,838
2020
£
28,500		 Totals
£
4,304,085
96,990
-
4,401,075
458,581
462,768
-
921,348
3,479,727
3,845,504
2019
£
50,000

Page 18

Long Leys Educational Trust

Notes to the Financial Statements for the Year Ended 31 July 2020

13 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Other creditors
14
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Other creditors
15
LOANS
An analysis of the maturity of loans is given below:
Amounts falling between one and two years:
Loans from related parties
Other loans over one year		 2020
£
-
2,500
2,500
2020
£
1,531,349
2020
£
150,500
1,380,849
1,531,349		 2019
£
157,640
5,100
162,740
2019
£
1,581,349
2019
£
150,500
1,430,849
1,581,349

16 SECURED DEBTS

Following the year end the Charity took out a loan of £1,200,000, secured on land purchase.

17 MOVEMENT IN FUNDS

Unrestricted funds
General fund
Property fund		 At 1.8.19
£
435,367
2,106,515
2,541,882		 Net
Movement
in funds
£
219,698
(462,768)
(243,070)		 Transfer
between
funds
£
(304,630)
304,630
-		 Total
At 31.7.20
£
350,435
1,948,378
2,298,813

Page 19

Long Leys Educational Trust

Notes to the Financial Statements for the Year Ended 31 July 2020

17 MOVEMENT IN FUNDS - Continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Property fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Property fund
Comparative net movement in funds, included in
Unrestricted funds
General fund
Property fund
TOTAL FUNDS		 Incoming
resources
£
270,165
-
270,165
Net
Movement
At 1.8.18
in funds
£
£
927,071
1,424,136
596,856
(406,180)
1,523,927
1,017,956
the above are as follows:
Incoming
resources
£
1,537,508
-
1,537,508		 Resources
expended
£
(50,467)
(462,768)
513,235
-
Transfer
between
funds
£
(1,915,839)
1,915,839
-
Resources
expended
£
(113,372)
(406,180)
(519,552)		 Movement
in funds
£
219,698
(462,768)
243,070
-
Total
At 31.7.19
£
435,368
2,106,515
2,541,883
Movement
in funds
£
1,424,136
(406,180)
1,017,956

Page 20

Long Leys Educational Trust

Notes to the Financial Statements for the Year Ended 31 July 2020

17 MOVEMENT IN FUNDS - Continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Property fund		 At 1.8.18
£
927,071
596,856
1,523,927		 Net
Movement
in funds
£
1,643,834
(868,948)
774,886		 Transfer
between
funds
£
(2,220,469)
2,220,469
-		 Total
At 31.7.20
£
350,435
1,948,378
2,298,813

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Property fund
TOTAL FUNDS		 Incoming
resources
£
1,807,673
-
1,807,673		 Resources
expended
£
(163,839)
(868,948)
(1,032,787)		 Movement
in funds
£
1,643,834
(868,948)
774,886

18 RELATED PARTY DISCLOSURES

B Arnett, a Trustee, had a balance of £10,000 (2019: £10,000) owing to him from the Charity. There was no interest charged on the balance.

C R Arnett, a Trustee was repaid £Nil (2019: £50,000) . At the year end there was a balance of £Nil (2019: £Nil) owing to him from the Charity.

T J Pocock, a Trustee was repaid £Nil (2019: £100,000). At the year end there was a balance of £Nil (2019: £Nil) owed by the Charity.

P S Green, a Trustee in the previous period, was repaid £Nil (2019: £55,000). At the year end there was a balance of £Nil (2019: £Nil) owing to him from the Charity.

Green of Lincoln, a company in which P S Green (Trustee in the previous period), had a balance of £5,000 (2019: £5,000) owing to them from the Charity. There was no interest charged on the balance.

Moordale Foods Limited, a company in which C R Arnett is Director was repaid £Nil (2019: £25,000). At the year end there was a balance of £Nil (2019: £Nil) owing to them from the Charity. There was no interest charged on the balance.

Page 21

Long Leys Educational Trust

Notes to the Financial Statements for the Year Ended 31 July 2020

18 RELATED PARTY DISCLOSURES - Continued

QJS (UK) Limited, a company in which N Turner is Director was repaid £Nil (2019: £100,000). At the year end there was a balance of £75,000 (2019: £75,000) owing to them from the Charity. There was no interest charged on the balance.

Harroquip Pump Systems Limited, a company in which B Arnett is Director was repaid £Nil (2019: £50,000). At the year end there was a balance of £Nil (2019: £Nil) owing to them from the Charity.

Edutrade Humber Ltd, a company in which a family relation of Trustee N Turner is a director, were loaned a balance of £50,000 (2019: £50,000).The balance remained outstanding at the year end and here was no interest charged on the balance.

J Arnett, a family relation of Trustees B Arnett and C R Arnett had a balance of £50,000 (2019: £50,000) owing to him from the charity. There was no interest charged on the balance.

C Pocock, a family relation of Trustee T J Pocock was repaid £Nil (2019: £50,000). At the year end there was a balance of £Nil (2019: £Nil) owing to him from the Charity.

Northmoor Educational Trust, a Charity in which B Arnett and C R Arnett have other family members as Trustees, paid Long Leys Education Trust £25,000 (2019: £115,975) as a contribution for use of the property.

Progarm Limited, a company in which B Arnett and C R Arnett have other family members as Directors was repaid £Nil (2019: £25,000). At the year end there was a balance of £Nil (2019: £Nil).

T Haughton, a family relation of Trustee N Turner, had a balance of £3,000 (2019: £3,000) owing to him from the Charity. There was no interest charged on the balance.

D Clarke, a family relation of Trustee B Arnett, had a balance of £7,500 (2019: £7,500) owing to him from the Charity. During the year £225 of interest was charged on the loan.

Page 22

Long Leys Educational Trust

Detailed Statement of Financial Activities

for the Year Ended 31 July 2020

INCOME AND ENDOWMENTS
Donations and legacies
Gifts
Donations
Gift aid
Investment income
Deposit account interest
Charitable activities
Contribution for use of property
Other income
Gain on sale of tangible fixed assets
Income from one school global
Sundry Income
Total incoming resources
EXPENDITURE
Charitable activities
Light and heat
Telephone
Sundries
Repairs and renewals
IT Cost
Freehold property
Improvements to property
Support costs
Finance
Bank charges
Governance costs
Auditors' remuneration
Loan interest
Accountancy
Legal fees
Total resources expended
Net income		 2020
£
-
117,016
28,603
145,618
114
62,500
-
61,903
30
61,933
270,165
-
-
998
863
214
21,343
441,424
464,843
78
-
45,814
2,500
-
48,314
513,235
(243,070)		 2019
£
-
1,230,674
31,257
1,261,931
107
115,975
159,389
-
106
159,495
1,537,508
7,501
214
-
49,405
-
21,343
384,837
463,300
205
3,156
41,080
3,984
7,827
56,047
519,552
1,017,956

Issuer

TreyBridge Accountants

Document generated Wed, 26th May 2021 9:24:44 BST

Document fingerprint f49642b985607583d6be33d1f2a37e3a

Parties involved with this document

Document processed

Party + Fingerprint

Wed, 26th May 2021 10:51:25 BST Thu, 27th May 2021 17:13:57 BST Thu, 27th May 2021 17:13:57 BST

Mr Charles Arnett - Signer (c46a4460f20b17f9816dc0f48c6687a3) Mr Nicholas Turner - Signer (a84b7b6e62e21dba427ccad94d2b7e82) Hannah Page - Copied In (d9f41d31855c762a345050a1bea14aa5)

Audit history log

Date

Action

Thu, 27th May 2021 17:13:57 BST Thu, 27th May 2021 17:13:57 BST Thu, 27th May 2021 17:13:57 BST Thu, 27th May 2021 17:13:35 BST Thu, 27th May 2021 17:13:20 BST Thu, 27th May 2021 14:43:00 BST

Wed, 26th May 2021 10:51:41 BST Wed, 26th May 2021 10:51:26 BST Wed, 26th May 2021 10:51:25 BST Wed, 26th May 2021 10:51:25 BST Wed, 26th May 2021 10:48:07 BST Wed, 26th May 2021 10:44:09 BST Wed, 26th May 2021 10:42:29 BST Wed, 26th May 2021 9:24:55 BST Wed, 26th May 2021 9:24:46 BST Wed, 26th May 2021 9:24:46 BST Wed, 26th May 2021 9:24:46 BST Wed, 26th May 2021 9:24:46 BST Wed, 26th May 2021 9:24:46 BST

The envelope has been signed by all parties. (185.183.20.129) Sent a copy of the envelope to Hannah Page . (185.183.20.129) Mr Nicholas Turner signed the envelope. (185.183.20.129) Mr Nicholas Turner viewed the envelope. (51.132.68.114) Mr Nicholas Turner viewed the envelope. (185.183.20.129) Sent Mr Nicholas Turner a reminder to sign the document. (52.56.255.147)

Mr Nicholas Turner viewed the envelope. (20.49.136.148) Document emailed to party email (18.130.220.7)

Sent the envelope to Mr Nicholas Turner for signing. (94.72.243.78) Mr Charles Arnett signed the envelope. (94.72.243.78) Mr Charles Arnett viewed the envelope. (94.72.243.78) Mr Charles Arnett viewed the envelope. (94.72.243.78) Mr Charles Arnett viewed the envelope. (94.72.243.78) Document emailed to party email (3.10.116.9)

Sent the envelope to Mr Charles Arnett for signing. (3.8.118.58) Hannah Page has been assigned to this envelope. (3.8.118.58) Mr Nicholas Turner has been assigned to this envelope. (3.8.118.58) Mr Charles Arnett has been assigned to this envelope. (3.8.118.58) Envelope generated. (3.8.118.58)

Wed, 26th May 2021 9:24:46 BST Document generated with fingerprint f49642b985607583d6be33d1f2a37e3a. (3.8.118.58) Wed, 26th May 2021 9:24:44 BST Envelope generated with fingerprint 64cd4474e6fed53d897b82f5270b1625 (52.56.255.147)