2021-03-31-accounts

		Page
Report of the Management Trustees		1 —8
Independent Auditor's	Report
Statement of Financial	Activities	14
Balance Sheet		15
Cash Flow Statement		16
Notes to the Financial	Statements

Charity Number	Charity Number	1076317
Company	Number	03069213
Registered	office	Hexham Road,	Walbottle,		Newcastle	upon Tyne, NE15 8HW
Our advisors
Bankers		National Westminster		Bank, 149 High		Street, Gosforth, Newcastle		upon	Tyne,
		NE3 1HA
Solicitors/I	egal issues	Ward Hadaway	Law	Firm,	Sandgate	House, 102Quayside,	Newcastle		upon Tyne,
		NE1 3DX
Auditors		Haines Watts,	17Queens		Lane, Newcastle upon Tyne, NE1		1RN

D Pearson	Chief Executive Governor	Chief Executive Governor
J Reiling	Head of Development	Governor
C Smiles	Head Teacher Governor
Karen Cowan	Staff Governor
Steve Hughes	Staff Governor
Sophie Robinson	Parent Governor
Key management
D Pearson	Chief Executive
J Reiling	Head of Development
C Smiles	Head Teacher
S Robinson	Residential Manager

		Unrestricted	Restricted	Total	Total
		Funds	Funds	2021	2020
	Notes		f.
Income from:
Donations		28,281	13,686	41,967	109,039
Charitable activities		2,687,488		2,687,488	2,424,565
Other income		8,509		8,509
Total income		2,724,278	13,686	2,737,964	2,533,604
Expenditure on:
Charitable activities		2,290,041	13,686	2,303,727	2,223,235
Total expenditure		2,290,041	13,686	2,303,727	2,223,235
Net income/(expenditure)
before transfers		434,237		434,237	310,369
Transfers	20	98,198	( 98,198 )
Net movement		532,435	( 98,198 )	434,237	310,369
Reconciliation offunds
Total funds brought forward		1,232,861	98,198	1,331,059	1,020,690
Total funds carried forward		1,765,296		1,765,296	1,331,059

		Notes		2021		2020
						f,
Fixed assets
Tangible assets		13		1,662,317		1,511,442
Current assets
Debtors		14	324,864		835,095
Cash at bank and in hand			635,508		323,346
			960,372		1,158,441
Liabilities:
Creditors: amounts	falling due
within one year		15	( 575,021 )		( 945,425 )
Net current assets				385,351		213,016
Total assets less current liabilities				2,047,668		1,724,458
Creditors: falling due after
more than one year		17		( 282,372 )		( 393,399 )
Total net assets				1,765,296		1,331,059
The funds ofthe charity
Restricted funds		20				98,198
Unrestricted funds		20		1,765,296		1,232,861
				1,765,296		1,331,059

				2021	2020
			Note	f.
Cash flow from operating	activities
Net cash flow from operating activities			24	621,678	236,890
Cash flow from investing	activities
Payments to acquire tangible fixed assets				( 245,316 )	( 205,826 )
Net cash flow from investing activities				( 245,316 )	( 205,826 )
Cash flow from financing	activities
Repayment of borrowings				(64,200 )	(61,035 )
Net cash flow from financing activities				(64,200 )	( 61,035 )
Net increase/(decrease) in	cash and cash	equivalents		312,162	( 29,971 )
Cash and cash equivalents	at the beginning	ofthe year		323,346	353,317
Cash and cash equivalents	at the end ofthe year			635,508	323,346
Cash and cash equivalents	consist of:
Cash at bank and in hand				635,508	323,346

					2021	2020
	Grants				40,967	108,841
	Donations				1,000	198
					41,967	109,039
5.	Income from charitable			activities
					2021	2020f
	School				1,785,232	1,864,988
	Residential	children's	home		897,911	549,949
	Other				4,345	9,628
					2,687,488	2,424,565
6.	Other income
					2021	2020
	Insurance	claim			8,509

Expenditur	e on	charitable activities
			Activities
			undertaken	Support
			directly	costs	2021	2020
				F
School			1,370,701	230,372	1,601,073	1,629,931
Residential	care	home	585,776	116,878	702,654	593,304
			1,956,477	347,250	2,303,727	2,223,235

					2021	2020
					f
	Salary costs				336,744	318,532
	Governance	costs (note 9)			10,504	8,700
					347,248	327,232
9.	Governance	costs
					2021	2020
	Payroll costs				4,024	3,960
	Audit fee				6,060	4,740
	Non audit fee				420
					10,504	8,700
10.	Net movement	for the year
	This is stated after charging:
					2021	2020
	Depreciation				94,441	84,036
11.	Auditor's remuneration
					2021	2020
	Fees payable to the charity's			auditors for the audit
	ofthe charity's	annual	accounts		6,060	4,740

12.	Analysis ofstaff costs and trustee remuneration	and expenses
	Staff costs were as follows:
			2021	2020
	Wages and salaries		1,476,290	1,364,071
	Social security costs		135,941	122,870
	Pension costs		143,942	104,482
	Termination payment			8,662
			1,756,173	1,600,085

The averag	e monthly num	ber ofemployees during the	year was:
					2021	2020
					Number	Number
Charitable	activities				58	58
The number	of employees	who received total employee	benefits (excluding	employer	pension costs) ofmore
than F60,000 is as follows:
					2021	2020
					Number	Number

Debtors
		2021	2020
Trade debtors		309,877	820,442
Prepayments	and accrued income	14,987	14,653
		324,864	835,095

Creditors: amounts falli	ng due within one year
		2021	2020
			F
Bank loans and overdraft	(secured)	52,526	57,900
Trade creditors		36,540	39,760
Taxes and social security		32,905	33,224
Accruals and deferred income		302,960	791,818
Other creditors		150,090	22,723
		575,021	945,425

Balance	at 1 April	2020		776,911
Amounts	released	to income earned from charitable	activities	(776,911 )
Amounts	deferred	in the year		293,165
Balance	at 31 March 2021			293,165

asked t	asked t	he participating employers to pay addi	tional contributions to the s	cheme as	follows:
Deficit		contributions
From	1	April 2016to 30September 2025:	212,945,440 per annum	(payable	monthly and increasing	by
				3%each	on 1April)
From	1	April 2016to 30September 2028:	f54,560 per annum	(payable	monthly and increasing	by
				3%each	on 1 April)

Reconciliation	ofopening	ofopening	ofopening	and	and	closing	provisions	provisions
												Period Ending			Period Ending
												31 March 2021			31 March 2020
													R'000		E'000
Provision at start		of period											335		406
Unwinding ofthe		discount	factor			(interest	expense)						7		5
Deficit contribution Remeasurements		paid —impact		of any change			in	assumptions					( 69 9	)	( 67 ) (9)
Remeasurements		—amendments				to the conti'ibution			schedule
Provision at end	of period												282		335
Income and expenditure			impact
												Period Ending		Period Ending
												31	March 2020	31 March 2020
													R'000		R'000
Interest expense													8		5
Remeasurements		—impact	ofany change				in	assumptions					(10)		(9)
Remeasurements		—amendments				to the contribution			schedule
Contributions paid		in respect offuture service*
Costs recognised		in income		and	expenditure			account
* Includes defined		contribution			schemes		and	future	service contributions			(i.e. excluding any			deficit reduction
payments) to defined benefit				schemes which				are treated as defined			contribution		schemes.
Assumptions									31 March	2021		31 March 2020		31 March 2019
									%per annum			%per annum			%per annum
Rate of discount										0.66			2.53		1.39

Year ended	31March 2021	31March 2021	31March 2021
				At 1 April				At 31 March
				2020	Income	Expenditure	Transfers	2021
Unrestricted	funds			1,232,861	2,724,278	( 2,290,041 )	98,198	1,765,296
Restricted funds
Devolved Formula			Capital		13,686	( 13,686 )
Mark Benevolent			Fund	98,198	-	-	( 98,198	)
				98,198	13,686	( 13,686 )
Total				1,331,059	2,737,964	(2,303,727 )		1,765,296
Year ended	31March 2020
				At 1 April				At 31 March
				2019 f	Income	Expenditure f	Transfers f	2020
Unrestricted	funds			1,020,690	2,424,763	( 2,212,592 )	-	1,232,861
Restricted funds
Devolved Formula			Capital		10,643	( 10,643 )
Mark Benevolent		Fund			98,198			98,198
					108,841	( 10,643 )		98,198
Total				1,020,690	2,533,604	( 2,223,235 )		1,331,059

Year ended 31March 2021	Year ended 31March 2021	Unrestricted	Restricted
		Funds	Fundsf	Total
Tangible fixed assets		1,662,317		1,662,317
Net current assets		385,351		385,351
Creditors: amounts	falling due after more than one year	( 282,372		( 282,372 )
		1,765,296		1,765,296

Year ended 31March 2020	Year ended 31March 2020	Unrestricted		Restricted
		Funds		Funds	Total
Tangible fixed assets		1,511,442			1,511,442
Net current assets		114,818		98,198	213,016
Creditors: amounts	falling due after more than one year	( 393,399	)		( 393,399 )
		1,232,861		98.198	1,331,059

Financial instruments	Financial instruments	measured	at amortised	at amortised	cost comprise	the loan financing	provided	by Natwest	by Natwest	Bank Pic
to the charity.
								2021		2020
								F
Loan payable	falling	due within	1 year					52,526		57,900
Loan payable	falling	due in more than		1 year	but less than 5	years				58,826
								52,526	116,726

		2021		2020
Net income for the	year	434,237		310,369
Depreciation		94,441		84,036
Increase/(decrease)	in debtors	510,231		(375,561 )
(Decrease)/increase	in creditors: due within one year	( 365,030	)	289,437
(Decrease)/increase	in creditors: due after more than one year	(52,201	)	(71,389 )
		621,678		236,890

Analysis ofchanges in net debt
	At 1 April	Cash	At 31 March
	2020	flows	2021
		E
Cash and cash equivalents
Cash at bank and in hand	323,346	312,162	635,508
Borrowings
Debt due within one year	( 940,271 )	370,404	( 569,867 )
Debt due after one year	( 393,399 )	111,027	( 282,372 )
	(1,333,670 )	481,431	(852,239 )
Total	( 1,010,324 )	793,593	( 216,731 )