**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
- Integrity - uprightness, honesty and decorous conduct, governed by the Holy Bible;
- Care & Compassion - kindness, consideration and generosity to all;
- Respect - for all people, property, opinions and authority;
- Responsibility - for our actions, progress and environment; and
- Commitment - to self-discipline and the pursuit of excellence.
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:
- To progress Self Directed Learning (SDL) Methodology;
- To increase the use of the Virtual Learning Environment (VLE) and improve IT availability and usage:
- To maintain a broad academic curriculum with an appropriate range of GCSE/ A-level/ vocational
- To work closely with Focus Learning Trust and other schools to enhance the quality of education through professional networking and increased CPD;
- To continuously strive to enhance and improve the co-curricular provision for pupils;
- To continue to provide first class pastoral care for pupils;
- To play our part in the life of our local community;
- To maintain the 'Management of Effectiveness' Programme in conjunction with Focus Learning Trust to improve personal and overall performance;
- To further develop and improve assessment methods
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:
- (b)delivery of posi�ve learning outcomes in line with a single, Global vision; and
## **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
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
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:
- give a true and fair view of the state of the charity's affairs as at 31 July 2020 and of its incoming resources and application of resources, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Charities Act 2011.
## **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:
- the trustees' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or
- the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charity's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.
## **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:
- the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
- sufficient accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit.
## **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)