REGISTERED COMPANY NUMBE. 06338726 (England and Wales) REGisfERED CHARrrY NUMBER: 1121239 LOMGIUDGE ON THE THAMES (A COMPANY UMrrED BY GUARA14TEE) TRusfEES REPORT AND UNAUDTfED FINANCIAL TENEr¥I5 FOR THE YEAR ENDED 31sr ocroBER 2020 chartered £countants Mury Hwse 19.21 Ch60 Street Markmt Buth"rwJhaffl5hire SL7 3HN A49T8HUft• 3010712021 COMPANIES HOUSE A18
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LONGRIOGE ON THE ThAMES CONTE14TS OF THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 3 (IcfoBER 2020 Pa9e Refferen and Admbnlststhe Detrlls 2 to S Independent Examiner's Report ststement of Financial Aclivitses Balance Sheet 8 to 9 Cash Flow Ststement io Notes to the Fln•ncial Statements 12 to 21 22 to 23
LONGRIDGE ON THE THAMES REFERENCE AND ADMINISTRATIVE DEfAILS FOR THE YEAR ENDED 31 (KfoBER 2020 TRusfEES SDwn J G H Fulbrojk B L Gibbs (res•Jn8J 25.11.19) JRLee C H Seer D T(Nnkn"n9)n R J Kelkiway (apwinied 3.2.20) COMPANY SECREfARY A Platt REGzsfERED OFFICE ary Wc¥)J Road Marfow Buth"rvJhamthire SL7 IRE REGISTERED COMPANY NUMBER 06338726 (&wlal Waks) REGERED CHARTfY NiIMBER 1121239 INDEPEt4DENT EXAMINER Charter•J Acctyjntsnts mtry House 19-21 (jk71 gxeet Marfow Buth'nghamshi SL7 3HN CHIEF EXECUTIVE OFFICER A K Fotr OBE
LOMGRXDGE ON THE TIIAMES TrusrEES' REPORT FOR THE YEAR ENDED 31ST ocfoBER 2020 The tntstees who are a193 direttors of fv tharity ts the purposes of the Companies Art 2Q)6, present their rerx)rt wth the financial statements of the charity f¢y the year ended 31st Lklcter 2020. The trustees have •Joptl the rxovisons of Accounting and Repth'ng by tharths: Statwnent of Recommended PrKtKe aPIcable to tharitie5 preparirrfj their accounts in accordan with finamal RepJb'ng Standard applicable in the UK and RepublK of Ireland IFRS 102) (effective l January 2019). OBJEcfivES AND AcfiviTIES ObJecti¥es and alms Policie5 and obiertiv LoTrJridge provides a range of &JvenbJrou5 athibes and training OPFortunthS, parb"cutsrty for young wple, those from dudvantsged b&kgrtsJThls, and tho¢ts vnth disabdrt]"es. Lffignd9e the Thames owns a I2.re riverside Site in Bisham, Bu(kingham5hire, where the charity raroe of water and land actmties as well as training space. Actlvltles for achieving obAecb¥es Our objectNe for the business is to provide vibrant c(Mnmunty fao"lkn"es that are able to sUprt their orkratton and the development of fvrther opp)rtunths. These cixnmunity f11th$ will eroUrage young wple frcffi all walks of life. and of all atrj.les. to (Jevew leadwshy, 5f-di[lIne. re91r, confkIen, and rew for themselve5 and others. Public benefrt In seth'ng our objeth.ves and F4anning wr activities the Tnthes hknt orefvl COn9derat to the Charity Commissirffl's general gutyjae on wtAic trenefit ACHIEVEMENT AND PERFORMANCE Charitsble activities Co¥ld Performanco Longridge was largdy dosaj durirrfj 2020 in on1er to comFAy govemment gUk1elines. We provided some chikl Ca for key wotefs durin9 schcx)I hdidays, for. NHS w(Nkers we made no tharge. All teaffl memters were put on furgh and sadly some team Members were redundant. We took advantsge of all government financial SUPk¥)rt. The charty aly) trx>k out additional ban5 in fomi of the Governrrent Un back tsn scheme and from Heart of Bucks. These financkil packages allowed the chanty tr) sutmve d¥1 not alk)w us to inve in our fa01eS or team. We went into the 2021 sea9Jn with a krgety new tearn that have had to a very reactNe operatical prdLti in er for us to flex r operation to reSd to thaN41 COVKI guide11rs. We recCgn1 that (yjr facilits.es are in need of repair and improvement if we a to resth>)d to the in(rnsed denwnd for ctreS suth as our% FIMANCIAL REVIEW Financial p05itl( The charity has a 5trorg balarKe sl)eet nct ots of £2m (2019: £2ffl1. This rnainty consists of the land and buildings that bdoThJ to the thanty1£2.3ffl1. The main liab.lty ts the mtyge on the proFerty of £377k {2019'. £390k). This Ik?bilty has increased as the charity tcd( a repayment windrm through 2020 to suppxjrt the cashflow whilst the ntre was c105ed due to Ccmd rericbons. During the year to 31st citoter 2020. tharity 9Jffereé a tjtht of £48.258 which had a light adverse effect on the net O55rt posts¢)n sin the prKK year. Principal funding sour5 The main 9)urces of fun¢Ying for the charty a the Trniwn of fXJt(kxY thbes (L3nd and water based) for young FeDple, famil5, xhTh)Is and (ther groups. Thi% reprents £281k or 53% (2019.. £723k) of the totsl income of 533k for the year. The remaining irKome cong#s mainty rental from i#nths living on site. ExpeThJiture of £582k (2019: £727kl SUPF)rt8J t soUrS of income. A L3rge portK)n of these costs is the wages and salarie5 to run the centre and 5 acknvrtie5 (£291k; 2019.. £346k). The remairuler of the spend rektes to overheads such as depreciat*)n, iJb"litts costs. professp)nal fees. IT costs etc. Ihvestment policy and objectives The management of any surplus futhls a made gLIidae of the Board. AJI investmts are to tre made in the name of the tharity, and with regar¢J to enrMents1 and other eth1 (eMS. During the yeaf, cash is moved daily from the curwt, non-interest all account. into a risk interest bearing account. This is to benefft the charity wh any interest that may be at4e to te earned on the cash bakn altet the interest Rtes are extrenth low at the mornenL Page 2
LONGIUDGE ON ThE TIIAMES TRiISTEES REPORT FOR nlE YEAR ENDED 31sr OCTOBER 2020 FINANCIAL REVIEW ReseThes policy The charty aims to set Ogde a sum of a re5eNe against unforeseen Contingeies. This sum wil be used in the event of the organllats'on bw'ng thten8 with ckfyJre. fcf rojurthnry p3yrrthts, to cover kjng term Sickn5$ liabilthes and rnatlty pay and to a595t in any cts extracffdinary sjth as è pandern The tharty seeks to maintsin re5erws eqysvaknt to 3 months rf dgeted exkThJrtwe. Going conorn After making appropriate enquiries, the tnJ#ees have a reag)natrAe exFectition that the charitstle company has adequate resources to continue In opwahl for the feeate fuj. Post Balance Sheet E¥ents Review of a¢ti¥ities for the year ended 31st ortobw 2021 Review of ActNrties fty the year eThling Cktotty 2021 Covid-19 continues to have a massive effeLt on the charity's Ferformae in 2021. Vthilst the ntre has been able to open, what we can offer has tew? re5tn(trd, we have had to invest rrwye in IpIe to ddiver aCtivleS and to clean aLtivities and fao1th5 ath.vty sessKms. In athdition, cust17 have been rrKxe demanding in terms of question5 and arrival on ntre. frequentty oncdling at the List rnont as they have '"nged, and y have to refund what they have pahd and been unable to re-sell the session. We are therefore again eXencIng an increase costs and a decre in gles. We have not tenefited from any 9)vernEnt hdp vlth the rrtain dimate have continuaj to redu costs where Possible and to resp)nd quic to OpW>rtun'es as arise, sh a5 è 'kWtJp' LongrKlge experEnce within the sch(x)I grounds of a in Oxfordshire. Thts entrepreneurial aproach has gjne 9)me way to impmwng sales but the main trnefft is that (c has al&Jj us to re-evakote the ChItieS ar¥1 ddNery model. In 2021 Lgridge severed rts re.Ship wth Tr •thtY[e Leaming (harity a5 we fe we now needed to be in complete (trol of deny, rf we are to realise many oppNtunifyes that have presented themsefve5 in our sertor. Such as offering farnily hIdays. hvJher quality hoswalty arK1 a wKr of artivrtEs ftr adults. We can use the incLJne from these activiti.es to mjerwnte the of tjelwing OLY C(xe Cltsb activibes to ywng people. We continue to seek to creats a cCMunity 8efft Sc¢iety (CBS) to OFerate Longridge activitS, whith we airn to launch in the Autumn of 2021. We have secured a numiEr of partner5 wh) are from Longridge complimentsry ath"vities, such as child ca. (NJtd(x)r exercise, addth.(l freShment wints atNI troat hire. We will look in 2022 to In¢aSe this partnerthip base and use the CBS to raise the funds ne&J to improve our facilities. Namely, creating dedicated Reception, so that we can WKlen out our shop aTrJ café. Move our staff acccrfnmtxlats'on into the old managerfs K)use, so that In the winter we can hi t the e¥i#irYJ slaff accommtsJatK)n for training camps and in the summer this can a higher standard accommodation for w9tors, who do nct want to stay in the tent8J villages we created for 2020. We expenenced in 2020, for the first tr"me, that we ran twt of tiVIS to matrh wsitor demand and will also Ik in 2022 to Introdu new ath'wties, in parbcular replacry the pkYYJrCnd that haj to take down this year. We will be seeking funding partners to improve our faCIle5 and in nevrf acbvthes, that we can go into 2022 ready for a new customer base and to truty alkyl Lorgndge and all of it5 Wsitors to reath ther potenty"al. FUTURE PLANS Our main aim for the charTty is to- Pay off all remaining debt . Devek)p a ixjsiness mcxyel that all(Ms ctr4arity to create an that co4Ers a)5ts frcrfn th)vember tr) March. In order to achieve these amtliions ¥ need to irTrNtst in the faalities aThJ develop new programme5. We aim to cc41aborate with other organisab.ons to vnden our offering afmj wovxde mre breadth to the xoFe of what we offer. We are also ItKJkn"rvJ to twte a Communty Benefit that wll drive the operats.ons at Longridge and will offer Ouf Jpp)rters the opkxxtunty to buy a share in the niTe. This incthne will be used to imkyove our facilib.es to allow m¢)re use. STRUCTURE, GOVERNANCE AMD •IAIIAGEMENT Go¥erning document The (harity is contrc41ed by ts gOThj a deed of trt. and constibjtes a limited companys h'mited by guarantee, as defined by the Cunpanie5 Att 2(.
LONGRIDGE ON ThE THAMES TRUSTEES. REPORT FOR THE YEAR ENDED 31ST OOBER 2020 srRucfiJRE, GOVERNANCE AND MANAGEMENT Charity constitution L)gridge on the Thames is registered with the Llwnty Commis90rrs' (NumLw 1121239) and is conthjted by a Deed of TWSL The company is registergj in Engtsnd and Wales wth rejisteroj numter 06338726. As of l Novemter 2C#)7 the tsjsines. assets and Iratmlrties and re5erve5 relatirKJ to the main charitsble actiwb.es of LoThJridge Scout Boating Centre were transferraj to Lmgndge on the Thame5 whid) the (hanty Commisgon consider to be the key legal vehKk at Lr. LoThJridge Scout 8oats.ng Centre has subsequently been WJThJ up. The cornmercial &trb"e5 W transferred to Longrty on the Thame5 on l Novemir 2010. Recruitment and appointment of new trustees The management of the company is the rewsth'lty of the Tru5 who are elected arKI ccwsed under the temis of the Trust deed. Organisbtional structure and decision making The Trustees govern Longridge (x) the Thans under the temis of the TnA Eeed. registered on 9 August 2007 a5 amended by Speoal Regyul on 15 Ottotr 2CQ7, and a apwinted at t Annual General Meeting or by the existing Trustees during the year. New Trustees are given an oppjtunity to examire the Trust d(Luments, wh¢ch are avoilable from the ChairFnan, and are uraged to review the guidan Offe by the Chanty Commissv)n if they are unfamiliar wth the gera1 ofTrustees. The Trustee5 meet 4 times a year to review the firkinoal aTrJ oryanizatyonal agects of Charrty and their impart on any perceived risks. Day to thy management of iangfMJe &te is carr1 CNJt by the management team and thgr team of paid emph4ees. Tr Trustees provhle their suvKes on an entirdy tK¥kJrary bay5. Indurtion •nd training of new tntstees New Trustees are provided wth a copy of the dwriWs fftrning ¢thJcuments lnf0mwn fy) the chèrty's 0[on$ and their dub"e5 aThJ ro as a Trustee. Trustees a al encour trmanls the guKlance offer&1 by Charty Commission rf they a unfamilkir general duts.es of Trustees. Key management remunerntion Our approach to pay arKI reward enables us to recru(( a1 retain the skj'lkd stsff we need. We have a performan management Cultu that enables all team memtrs to underand and dehver our thartsb objects'ves while being accrMJntable for their role in ¢Jcrf"rKJ . We are VOLK1 of the dNtr9ty of our team arKI our ability to prowde training and emplOYnt OkwrtUnrt ts youThJ EVe. Our pay lLY is structured to refiect this and is guided by the fdkymng prin0e$. - We aim to pay stsff a salary that is at the markrt median of the relevant settc - We benchmark 5alories against tharths of cimparabte sile roles to ours . Every three years we fulty benchmark all salaries, order to ThitOr ¢YJT Pay twtion in the nk4rket . We aim to offer a gwd tenefits patkage . We tleVe tho who C$n¢ty cthkn"tKrte at a expectab.on 4b)uhY have cyrortunity to be further rewaided for ¢Joing 9). The pay and cOndon$ of our CEO are set in actcdarKe wth pay and aged by the Board of Truste. Longridge's CEO, is pacl 3 pro rata saw of É60,0(Xl per annum. Thi5 practi is in line with the Nab"onal Council for Voluntary OrganisatK)ns' executive pay gUidae, that the overall goal of a tharity's pay should be to offer fair pay to attract and keep apprcyriatetyualified #aff to leaj, manage. SUFWJrt delNer the chanty's aims.. Risk mana9ement The trustees have a duty to rÉww the risks to whth the thor 6 exkmxd and to enwre approprk contrcAs e in F4ace to prowde reagMJe aran ajainst fraud aNI error. The Tfugees have asses the major risks to which the charitsble company is exsed, in paClar those related to the operat¥)ns aTrJ finances of the charrtabk cornpany and are satfied that Sy#n5 and edureS are in pla to mitHJate our expM)yJre to the maior rth.
LOMGIUDGE ON THE THAMES 7RusfEES' REPORT FOR THE YEAR ENDED 31ST ocfoBER 2020 srRucfuRE, GOVERNANCE A14D MANAGEMEMT Fair, honest and open fundraising. We rely on the generosrty of our sUpte¥S to swJ)rt the (devth improvement of our activths and facIls. That generosity means that we can nY)re vulnernble y(xJng to ac our attrt5 to develop their confiden, self.re11an and indepen(krKe. as as rning vtsl lrfe skn.lls wch as team and leadership. Because we're commtted to fair fundraisNJ, we follw Instrtute of Futh1rniyThJ's Ccxles of FundraisiThJ prKe and wll continue to operate wthin the LEst PYdCttts ès set CArt by any new regukt(ry Lx. We will: - Use all donations orefulty and resnSiV - resFert our SUPF)rters wishes in how to assign a gift to a partroJL¥ acb.vity cff fao.lity - thank you for your 9JPFo¢ and let you know what your ¢Jat$ tlo . fund work with a demonstrable, FJSitive impact on the lives of ywrKJ reoth, while keep.ng p[KIrt Costs to a minimum - folk)w the Insbtute of Fundraising Cc#Jes of Fvndraising PractKe, enwring oui Kb"vities are OFen, fair, honest and legal - use our supporters preferred comMunicatn channels - if tw charvje. w.11 adapt swiY to suit your needs - acknowledge any queries and cornplaints wrthin three vthi.ng days, and reskY)TrJ fvlty within ten woth'ng days vla your preferred methoj of contatt. EVENTS SINCE THE ENO OF THE YEAR Infomation relating to events sIe the end of the star i5 gwi in the $ to the finarKial #atemen TRusfEES RESPONS181LITY STATEMENT The trustees (who are also directors of Longrithje (M Tr ThanEs fry the wrF)ses of company Law) ¥e re¥)onsiLle for preparing Trustees, Rerort and the finanoal statements in XCOrdan with aFvlicatle kw and Unite)J Kingdom Accountsj Standards IUnrt&J Gewauy AcceNed (Jnt1ThJ prattl). Company kw requires the trustees to wepare finanoal statern for eath financial year whh give a true and fair view of the state of affair5 of charate company and of the irOrning resJurce5 and appltiOn of T)urces, includiro the income a1 expenditure, of the tharae company for that wK¥J. In preparing those finanoal thtements. the trustees are required to select sutsble accounts'ng pj11c$ and then them Ccni. observe the methods and princie5 in the Chèrity SORP.. make judgements and estimates that are wsonable and p¥udt. prepare the finanual ststements the wr¥J cOn basis e$S t is inapwowe to pre5Lwne that the charitse company will tontinue in bu911ess. The trustees a respJ)sille for keepiNJ woper 0XIn"rj whKh th"x105e with rea9anab accuracy at any time the financial positson of the charitable c(ynpany and to them io ensu that the finarrial Statements cOmY wth the Comp3nies Act 2006. Ttrw are also reSx)se fty safeguardirrtj the assets of the chantsble company and hence fer tsking a ble steps for the prevents. arnl detectK of fraud and (rther Irregularitie5. Apyro of the t*)ard of tru#ees 29th Juty 2021 and by: JRLee-T Page 5
Imlependentex•mkner's rep(xtlo the tnthesof LfywiNl9e On TheThame5 Cthe Companv.) 31st October 2020. Responslbllllies and ba rnixvt As the tharity's in1st cl the Cornpany (a1 aL) it5 for the cornpary law) you are re$r¢A.le for the prep3ration of the ¥cwnts in wlh the reYJirwts.d.tt kt 2mS"(Ihe2D)6 ACY). HavirvJ Sattsrd rrysdf that aatMJnts of the.Ccffipany arp I.ulTett ts) LE.al1 unts Part 16 of the 20C6 Act and are elig'ble for indedt examinthty I repxt in rwt of my examinath)n of your CWS Counts as carri undff sertion 145 L the Chart¢s 2011 Ctt 2011 fvtt). In (trrying my eIntiti I have folowed the Dlreth"ons gNen by the Chanty CnMSKIn sl1r 145(5) (b) ( 2011 kt INlependentexamlnees sin your charitys gr05s incorne exce81 £250,CW swr must te a cl a lrted tojy. I can confirm that. l am iD urtht&e the ewinal l. am a r•J&ued nY7)ber rl Institute. of Glwtera Courtts in England and vthKh is ce of Ixl I hale (onweted rrty eyxvnmal)rk I cthlrn) that r#) Thwtters cfft to trty attticffi in CCfflneLt wth the examinatb)n giiiiw¥J rause to beli. the acccxtnts do not cr¥ wlth rd5. C the accounts do not cryrwy accwibrwj rEqUWeErts d swXrA1 396 of the 26 Art ots than any reyuirernent that the acc(xll¥s gr4e a true aTh1 fthr Is rrt a matter ¢deY&1 as p•t of an indeFwtht examinatsjn. c the acctyjnts ha%E been preF4ir&J in accrKthr(e with ts I[thS aThd prirKiple5 ( Statanent of RKnrded Prath. for a([ntIN4 arK1 le9N"rIj ty C1"b (aFf4KaLle to cha¥iti"s preFering thw"r aco)unts n accc¥thrKe vrth tre final R¢AYt"rYJ StsThJard ar4Trt4e n tt* UK aThJ Re1C (rf Irdand (FRS 102)). Kevin &lety, FCA 1nsb.tute Chtytwed kLY15 EtaTh1 aThl Wal RJch¥ds¢J) J¢J)es arttred A¢tt•uniants Mercury House I21 Chapel Slyert Marfow Jckinghamshi SL7 3HN 21,o7...2p.l.l......... Pwje 6
LONGRIDGE ON THE THAMES srATEMENT OF FINANCIAL ACTIVMES FOR ThE YEAR ENDED 31sr OCTOBER 2020 31.10.20 31.10.19 Total funds UnrestrKtoJ fvnds fijnts fvnds IIICOME AND ENL)OWMEI¥ts FROM t%)nations and legaaes 215,279 25.th 240.279 15,935 Charitable activitie5 Chitsble ath"wb"es 281.587 281,587 723,030 Cther trading aLtivthS Investment COrne Qkher income 10,031 134 1.639 10,031 134 1,639 10,072 146 Total 508,670 25,IMI 533.670 749,183 EXPENDMIRE ON Charitable activities Charitable activities 523,825 58.103 581,928 726,&J7 INCOMEI(EXPENDrnIRE) (15.155) (33.103) {48.2581 22.376 Transfers between funds 18 25.368 (25,368) Net MOVen¢ in funds 10.213 (58,471) 148,2581 22.376 RECONCILIATION OF FUNDS Totsl funds brought forwavd 1.109.668 931.621 2,041.289 2,018,913 TOTAL FUNDS CARRIED FORWARD I.119.1 873.150 1.993,031 2,041,289 The nces fom part of finala1 statements Pac*. 7
LOflGIUDGE ON ThE ThAMES BALANCE SHEET 31ST OCTOBER 2020 31.10.20 Totsl funds 31.10.19 Totsl funds fiJn(ts funds FIXED ASSErs TaThJible a55ets 13 1.436.563 ,017 2.304,5 2,367,410 aiRRENT ASSETS Debtor5 Cash at bank and in haThJ 14 55,345 252.923 55,345 258,056 63,937 199,036 5,133 308,268 5,133 313.401 262,973 CREDtfoRS Amounts falling due within Itar 15 {201.447) (201,4471 (224,2711 NEf CURRENT ASSETS IC6.82l 5.133 111,954 38,702 TOTAL ASSETS LESS CURREIIT UABILmES 1.543.384 873,150 2,416,534 2.406,112 CREDoR$ Ajn(nts falkn'ng due after than one 16 (423,503) (423,5031 {364,8231 1.119.881 873.150 1.993,031 2.041,289 FVNDS Unrestricted funds Restrirt&l funds 18 I.L19,881 873,150 1,109,668 931,621 TOTAL FUNDS 1,993,031 2,041,289 The tharitsble company is ent to exemprt from atht m1er sect 477 of the Cryanies Act 2[ for the year ended 31st October 2020. The meMtrrs have required the company to obtsin an alIt of ts fiTh3rKial strlements for ihe year end&J 31st Octc4Jer 2020 in acc<Kdan 476 of the Ccmnpanies Art 2CQ6. The trustees acknowledge their rewnybilths (a) enyjring that the thartstle company keeps accryjnting reccds that compty wrth Secti$ 386 and 387 of the Companies Act 2(KJ6 arnl eparing finanoal ststements which give a true and fair vie14 of the state of affairs of the tharitsble company a5 at the end of each finanoal year and of rts Suu5 or defiot for each financial year in accordance with the requirements of SectVs 394 and 395 and whrth otheM compty wth the wuirernts of the Compans Art 26 rdkn'ng to finanoal *tements. %) far as alica1)le to the tharitable CoMy. (bl The notes fcthi wt finanoal gateMts rnntiniitryf...
LONGIUDGE 011 THE TIIAMES BALANCE SHEET- continued 31ST ocfoBER 2020 These fiN4noal #ateTrts W tttn pre(4? in a(than with the awlicable to tharrtabk CoMpanS bjett to the small c(xnpanies win*. The finala1 statsma)ts signed on its behalf b apryoved by the eoard of TrLL<ee5 aThl for issue 29th 2021 aThJ were J R Lee- Trustse S Dannan . Trustee The Th)te5 forni irt of these finala1 strnts
LONGRIDGE ON ThE ThAMES CASH FLOW sfATEMENT FOR ThE YEAR E14DED 31sr ocroBER 2020 31.10.20 31.10.19 Cash flows from operatin9 actl¥ltles Cash generated from operabons 4,216 141,248 Net cash provided by operthng thities 4,216 141.248 Purchase of tsrrfjible fix assets Sale of tsngible fixed aets (13.040) 7,494 12,667) Net cash ur in invesiiThJ acttvttss (5.546) 12.667) Cash Ilows Imm financing acli¥ibes New loans in year Loan repayments in year 75.000 {14,650) (43,680) Net cash provided byl(u5ed inl finanang activiti'es 60,350 {43,680> Change in cash and cash equivalents in the reporting period C•sh and cash equbvalents at the beginning of the reporting period 59,020 94,901 193.036 104,135 Cash and cash equbvalonts at the end of the weporting period 258.056 199,036 te5 fryrn part of these finarThl 5tsteMts Page 10
LONGIUDGE ON ThE THAMES NOTES TO THE CASH FLOW STATEMENT FOR ThE YEAR ENDED 31sr ocroBER 2020 RECONaLIATION OF NET (EXPENDIniRE}IINCOME TO NET CASH FLOW FROM OPERATING 31.10.20 31.10.19 Net (expenditure)lincome for the reltIng period (as per the statement of Finandal Adlvlllts) Adjustments lor: Depreciation chèrges (Profit)/lo rm diskwl of fixed assets Lkcrease In ocks Cecrease/{increasel in LÈbtors (Ecrease>linuease in creditors (48,258) 22,376 70.012 {1,639) 79,584 410 2.617 {35,683) 71,944 8,592 (24,4911 Net ush pn>vided by operations 4.216 141,248 ANALYSIS OF CHANGES IN NET DEBT At 1.11.19 Cash 11)w At 31.10.20 Net cash Cash at bank and in hand 199.036 59.020 258,056 199,036 59,020 258,056 Debt Debts falliThJ due wrthin I year Debts falling due after l year (53,256) (364,823) (1,667) 158,W) (54.923) (423,503) (418,079) (60.347) (478,426) Totsl 1219.0431 (1,327) (220,370) The nctes form part of these finanLial ststemw*s Page 11
LONGRJDGE ON ThE THAMES NOTES TO THE FIIIANCIAL sfATEMENTS FOR THE YEAR EIIDED 31sr ocroBER 2020 ACCOUNTING POUCIES Ba515 of preparing the fimncial stments The financial statements of the chartable company. whKh is a putrAic tenefit entty under FRS 102, have teen prepa in accordan with the Chantrs SORP (FRS 102) .oUntr.ng and Repxting by Charrties.. Ststsmert of Recommended PractKe aprAKab to (haritts prepariro th8r accounts in accordano with the Finarrial Repx)rb"ng Srdndard apItable in the UK and RepublK of IreLind (FRS 1021 (effective l January 20191,, Financial RekX)rting Stsndard 102 The Financial Reting Stsndard applicable in the UK and RepUtle of [land, and the Companies Art 2006. The finarKkil ststements have Len prepared under trt historKal cost Corty. All irorne is Tne in the Ststement of Fmano P£bvths On the charity has entiuement to funds, it is prcl)able that the income 11 be red aTrJ the amount can be meagjred liaty. Incoffle tax rffoverable reL4iion to ¢Jonations recaval under Gift (Y deays of covenant 15 rQgnised at the 'me of the donation. Income tsx recove¥atAe in rdation to inbtstmert wKcrfne 15 reccgnised at twne the investment income is reNatIe. Other income is recognised in the ptrvj in whth rt is wecewable arKI to the exlert 0S have been kyovided or on completiC of the Interest on fuThJs held on detogt is ilu¢jed when rffeivable the arnount can measuTèJ re10bty by the cc¥npany; this is normally upon notifKalion of the interest pakd Cf payable by the Bank. Expenditsre Lpabilth'es are recognised as exrture as 9y)n as there is a leg31 constructive obligation commitbng the chanty to that eXndItU. fc is wobat4e that a tran of economic tenefits wll be required in Settleftnt and the amount of the oblMJation can LE Jred reliatAy. E¥Fenditure is acttsuntsd for on an accruals bags and has been dassrfied under headings that aggregate all co rekted to the catewry. Where costs cannot be directly attributed to partular headirvjs ty have teen allc(ated to attM"tie5 a basi5 corsi5tent with the use of The costs of eKh attNty are made up of the totsl c< dir&t costs and sh¥ed costs. irKludiro wpport costs involved in undertaknng eath athty. Dirett costs attritMJIae to a 9ngle xtNity are allocated dIr&Y to that tivity. Shared co&5 whth contn"txrte to rtK> than one aThJ SUPFOrt costs which are not attributsble to a 51rWJ knrty a apportK)n&l those tsvIts on a basis consistent with the use of Tewurces. Central staff costs a allated on tk bass of tiffle 5Frt, and deWeOat char9es alktsted on the of the asset's use. Fundraising costs are incurred in seekiNJ vduntsry contr"bulions. slrt coas are those cog5 inojrred directy in suppjrt of endrtu objects of the company a1 indude projert managernent carrEd out at HeJquarters. Governance coAs are those Irrred in connection wrth administration of the company and Complian with ccmst)tub"onal and #atutw rg]uiTeffEnts. Charitat4e tNitS and GcNernan costs are imirroj on the companys eduCatnal rat5. including supwrt Costs costs rdating to the gOnartt of cc¥npany apwrt¥)ned to charrtable actNths. Tangible fixed assets Depreciati¢M is provided at the annual rale5 in ordtr to vrtite off each as over esb'mated useful FreelK)Id Lyoperty Improvements to prc¢ Plant and machinery Fixtures and fth.ngs Computer equipment Stra line 50 years Strawht line over 50 years 25% on cost aThJ Between IO% aTrJ 20% on cost 20% on co# StraJfrt line (sver 3 year5 Taxation The dwrity is exemtt frcAn tsx on its charitab athyibe Page 12 continued...
L014GIUDGE ON THE THAMES 140TES TO ThE FJIIANCIAL sfATEMENTS- continued FOR THE YEAR ENDED 31ST OCTOBER 2020 ACCOUPITIMG POUCtES. continued Fund accounting Unr&trKted funds can be used in aC¢trdan with the drrtable L>jtiveS at the diwetion of the trustee% General funds are unreth'cted fiJThJs a available f use at the dIxreb. of the Tru5tee5 in fvrtherdn of the general CleCtiVeS of the tharity and vA)Lth have nrt te degjnakd for other purp. Designated funds compn.se unre5trict8J fvnds that have teen set agde by the Trustees of pawticular purpose5. The aim and use of each deSWJna fund 15 set out in the notes to the finaal statanerts. Restricted funds can onty te usetl ts partthar fethrt purrx)ses wrthin the ob]ts of the chanty. Restrictions arise by the dor or when fy1$ are rai fix parti7r re51rK purpJses. Further expkinabrth of nature aThJ purFQSe of each fv1 15 Ind in the rK)tes to the finanoal statements. The chantable company owates a defined contrbub.on tmsion payable to the charitab company's he a to Stnt of Financial knvib.es in the PEriL¥J to whith they late. GOIrnment grnTrts The Coronavirus Retenti kheme (ORS) re9J in cash payments from governffent to coMpsate ftr part of the wages. aKiated nab"(Y)al inwvan conth"butigns INICS) aTrJ ernOyer Fenson contribLkn'ons of employee5 who have teen pla on furfough. Empb)yees were plaj on furkxjgh during the year and tt charity raVed a tctal amount of £116,545 under the C]RS. Ths 6 Ind wthin donatKms aThJ Segaoes, grdnts. The chanty also red a rates grnnt of £25.Th)O frrm the k(al courKil. The CJRS and rates grants are recognwAJ on the mal nKJel. lthdtr the accrual mrlel a grant relab.ng to revenue shall be recnIsed a5 i[0 on a systematK ba95 ovw the FerKKts in whKh the enbty rtrDJnises the related costs fr)r whith the grant is inteThJed to comFensats. The ComnY also receNed a £50.C#)J loan ur#Jer tr BwrKe Bad( Loan188L) sthe*. The the loan 15 duded within creditor5. This is a 100% govemrnent backed kjan and there are no fees or IntSt payable for the first 12 months. The first 12 ftth$ inter& will be pabl by the UK Vernment as a Business InterrUptn Pawment. The loan twm ts 6 years. DOIIATIONS AND LEGACIES 31.10.20 31.10.19 74,836 165.443 15,935 Grants 240,279 15,935 Grants rewved, included in the at4x. are as ftk75. 31.10.20 31.10.19 Other grants 165,443 Page 13 continued...
LONGIUDGE 011 THE THAMES IIOTES TO ThE FIIIANCUL sfATEMEIITS- abntinued FOR THE YEAR ENDEO 31sr ocroBER 2020 OTHER TRADING AcnvmES 31.10.20 31.10.19 Rentsl Income 10,031 10,072 INVEsfMENT 114CIWE 31.10.20 31.10.19 Bank witerest 134 146 INCOME FROM CHARABLE ACTIVMES 31.10.20 31.10.19 aritstle ackn"b"e5 281,587 723,030 OF Suptijt Co#s (see costs (see note 71 note 81 Totals Charitst4e kn"e$ 291,820 29J,108 581,928 DIRECT cosrs OF CHARrrA8LE ACTIVMES 31.10.20 31.10.19 Staff costs Marketing Activity costs Hospitslrty aThJ cknng Bad debt Ccffipensation payrTt Depreciat L055 on sale of assets I,667 5,468 10,553 28,029 (2,909) 231,041 4,895 20,262 60.767 135,0001 79,584 410 70.012 291,820 364,999 SUPPORT cosrs Managemert Finance Totals Charitae &tMt*s 2.067 35,741 290,108 Page 14 tontinued...
LOMGIUDGE ON ThE THAMES NOTES TO THE FINANCIAL STATEMENTS. continued FOR THE YEAR ENDED 31ST OCTOBER 2020 SUPPORT cosrs- continued SLWYt cos. indth in the abx, are as folows: Mafiagemtnt 31.10.20 Charitable ath"vrties 31.10.19 Total activits.es Wages k?1 security Pensons Travel Facilities and Communications Legal and profesgonal fees Unrecovered VAT Othu gJPPJrt Aaff costs 97.790 10,731 1.762 5,521 67,487 18.443 28,181 23.734 418 101,998 11,517 1,495 10,248 87,503 24,944 47,342 29,628 435 254,067 315,110 Fln•nce 31.10.20 Charitable ath"vtb"es 31.10.19 Totsl actNib"es Insurance Bank charges 21.136 14,605 25,403 17,295 35.741 42,698 Go¥ernan¢e costs 31.10.20 Charitsble athvitses 31.10.19 Totsl athvib'es Alor5. remuneralion for non audt v 4,0 NET INCOMEI(EXPENDrnIRE) Net 1ncomel(exp&vJrtu) 6 stated after thargngl{rrnJiti"ng)'. 31.10.20 31.10.19 Other assurarKe 5eryi Oepreaation - owned assets Surplusl(defiotl on diskwl of fixed as%ts 300 70,015 (1,6391 79.585 410 10. TRusfEES' REMUNEIIATION AND BENEFtrs There were no trustees, rerrwneration or tets ftw the year erthl 31st <knber 2020 nor for the year erKied 31st (ktcer 2019. There were no trustees, remunerntton or other benefits fcf the year ded 31 ottober 2020 nor for the year ended 31 (knber 2019. DonatKmS from TnJ#ee5 for the year tctsl1j El,8CXJ {2019 - £1.800) Trustees. experbses There were tTueeg eyw15e5 pathl for the year 31st (ktcthr 2020 nor for the year ended 31st Cktober 2019. PJe IS conts.nLd...
LONGRIOGE ON THE THAMES MOTES TO THE FIIIAIICIAL STATEMEIITS. continued FOR THE YEAR EIIDED 31ST ocfoBER 2020 11. STAFF COSTS The average numt of empkned ty the dwrity durirnj the year were 10 (2019 . 13) No empbyee recei¥wJ rU1( alrntirj to rrwe than £60.CO) in either year. The total remUneratn and tenefrt5 paid to manageffEnt stsff ftr the year was £37.724 (2019- £53,406).. 12. COMPARATIVES FOR THE STATEME14T OF FINANCIAL ACTIVITIES un$trted Restric funds funds Total fund5 INCOME AND ENDOWMENTS FROM CkMatNyis aTrJ lega$ 5.765 10,170 15,935 Charitable activitles Qhntsble actsvth5 723.030 723,030 Other tradin9 artMkne5 Investsnent incmie io,or2 146 io,on 146 Total 739.013 10.170 749,183 EXPENDITURE ON Charitable artl¥ltles Charitable xtivities 716,637 10,170 726,7 NET INCOME 22.376 22,376 RECONCILIATION OF FUNDS Total funds bfought fonvard 1.087,292 931,621 2.018,913 TOTAL FUNDS CARIUED FORWARD 1.109,666 931,621 2.041,289 13. TANGIBLE FIXED ASSETS Improvements Freehold Hant and machinery pror COST At Isi N¢)vember 2019 dthns Disposals 1,403.807 1,274,184 385.384 11,265 {7,700) At 31st (ktober 2020 I,403,7 1,274,184 388,949 DEPRECZATION At 1st Novernber 2019 Charge for year Eliminated Ly) disposal 202,529 23,379 258,160 25,133 310,774 17,122 (1,845} At 31st (ktober 2020 225,908 283,293 326.051 NET BOOK VALUE At 31st Ctiober 2020 1.177.899 990,891 62,898 At 31# (hlober 2019 1.201.278 1.016,024 74,610 Je16 continued...
LONGRIDGE ON THE THAMES IIOTES TO TrIE FINANCIAL sfATEMEiifs- continued FOR TME YEAR ENDED 315r ocroBER 2020 13. TANGIBLE FIXED ASSET5- continued and fiibngs equipment Tota15 At 1st November 2019 Addth"ons Llsp)sals 98,480 1.775 30.362 3,192,217 13,040 I7,7) At 31st Cttoter 2020 100,255 30.362 3.197,557 DEPRECIAT1014 At 1st November 2019 Charge for year Eliminated cn disp)sal 33,352 2,484 19,992 1,897 824,807 70,015 11,845) At 31st (ktor 2020 35,836 21,8 892,977 NEf BOOK VALUE At 31st Ortober 2020 64.419 8,473 2,304,5 At 315t C)lober 2019 65,128 10,370 2,367,410 Fhold land and tr¥JIklirS represents the Operty acquired from Sc(xrts As9xiakn 31 January 200B and includes the estimated LaThJ costs of £467.630 and bJilJings cos of £935,260. Freehold improvements indLMle addrtical cos irred snce that de, induding the costs cl deVelOent of the Training tre, the dimbirrfJ tOVr, the ghant swin9. Iloab"NJ brK1ge and the Weather&J HL. 14. DEBTORS: AMOUNTS FALUNG DUE wmirN ONE YEAR 31.10.20 31.10.19 Trade debtors Cxher debtors VAT Prepayments accrued incoff 23,853 31.081 61.922 1,625 39J 411 55.345 63,937 15. CREDNORS: AMOU14TS FALUNG DUE WTfHIN ONE YEAR 31.10.20 3L.10.19 Bank103fts and overdrnfts { nc*e 17) Qxher loans {see note 17) Trade creditors Swal securty taxe5 VAT er u9Jors Accruals and (kferred inc(Mne 53,123 51,456 1,800 14,900 7,460 31.161 5,602 3,934 1,928 103,899 33.220 115,435 201,447 224,271 Page 17 conts"nued...
LONGRIDGE OA THE THAMES NOTES TO THE FINANCIAL sfATEMEIITS- continued FOR ThE YEAR ENDED 31sr ocroBER 2020 16. CREDITORS: AMOUNTS FALLING I)VE AFfER MORE THAN ONE YEAR 31.10.20 31.10.19 Bank loans {see ncte 17) er bans (see 17) 373,903 49,600 339,473 25,350 423,503 364,823 bank k4in of £377.026 (2019: £390.929) is red ty a fixed chanje ov¥ the pro[, land and any equirAnent of the LoryJr¢dge site. The Swuts Asswabon Trust Loan 15 secured try a 5e£oThJ tharge o¥tr assets of the Charty. 17. LOANS An aatys of the matLwty of loans is gNen bek.. 31.10.20 3t.10.19 AUnts falling due within one demarnl: Bank k)ans Other k)ans 53.123 51,456 1,800 54,923 53,256 Amounts falling betwe ore iwo years: Bank ban5 . 1-2 year5 20,0 Amounts falling due tetvfftn ty and five yea. Bank loans - 2-5 years (Xher loans - 2-5 years 28,333 32,20) 7,2C4J 60.533 7.200 Alr1nts falling due in rrKe than fi¥e years: Repayab by inalments: Bank loans more 5 yr by instsl Rey3 ¢thISe than by in#almerts'. (Aher bans 5yTs non-inst 325,570 339,473 17,4C(S 18,150 MOVEMEiif IN FUIIDS Net movemert in furn15 Transfers I.IL.19 fuThJs 31.10.20 Unrestricted fund5 General fund Designated fu15 959,668 150,OC#) (15,155) 25,368 969,881 150,000 1,109,668 (15,155) 25.368 1.119.88L Restrirted funds Development fvnd FIc<MI RelEf Fund Jl,095 30,526 (33.078) 1251 868,017 5,133 <25,368) 931.621 (33.103) (25.368) 873,150 TOTAL FUNDS 2.041.289 {48.2581 1,993,031 Paje 18 continued...
LONGIUDGE ON THE TIIAMES NOTES TO ThE FZIWICIAL STATEMENTS- continued FOR THE YEAR ENDED 31sr ocroBER 2020 I& MOVEMENT IN FUNDS - continued Nd rnovement in fvnds. in the ab we as foknvs: IrKomir¥J Re9JJrces expeTrJed Movement in funds Genernl fund 508,670 (523,825) (15,1551 Restricted funds ek)pment fund Flocyj Relief Fund Berkeley FuJndatiLK) fundwvj (33,078) {25) (25,(A)O) (33,078) (25) 25,tsJO 25,IM)O (58.103) (33,103) TOTAL FUNDS 533,670 (581,928) (48,258) Conwratives for MoVet In funds At 1.11.18 movement in fLmd5 At 31.10.19 UTrre5tricted funds General fund (ksignated funds 937,292 150,000 22.376 959,668 150,OC 1,087,292 22,376 1,109,668 tvelok¥nent fund Relief Fund 901,095 30,526 901,(J35 30,526 931.621 931.621 TOTAL FiIt4DS ' 2,018,913 22,376 2,041,289 Comparative net rnovemert Wi funds. Ivded atre we as follows: Tncoming Rescyjrces MovenEnt in fijnds UnrestriLtid fund5 General fund 739.013 (716,637) 22.376 Re5trithd funds Rebuild Fund 10.170 (10,170) TOTAL FUIIDS 749.183 (726,8071 22,376 P*Je 19 continued...
LONGRIDGE ON THE THAMES IIOTES TO THE FINANCIAL sfATEMEritS- continued FOR THE YEAR ENDED 31 ocfoBER 2020 I& MOVEMENT IN FUNDS- coffttinued A current year 12 mcmths and pricy year 12 pcs7 is as fvlbws: Transfers At 31.10.20 1.11.18 in fu15 funds Unreslricted funds General fund Deggnated fur5 937.292 Iso,[ 7.221 25,368 969,881 150,(XIO 1.087,292 7.221 25,368 1,119,881 Rtstrlcted funds Development fund Flwd RdEf Fund (y)I.Iy)5 30.526 (33.078) (25) 868,017 5,133 {25,368) 931,621 (33.103) (25.368) 873,150 TOTAL FUNDS 2.018,913 (25,882) 1,993,031 A Ujrnt year 12 mrth and lor year 12 )nthS coMtin net nM)vennt in ftwts,. indLkled in the above are as follows: Incomi re9)ur$ Resour$ eXpend M¢)vement in funds Unrestricted funds General fund 1,247,683 (1.240.462) 7,221 Devebprnent fvnd FICMJJ Rel FuThY Rebuild FuThJ 8erkelty FndalK fvThling (33,0781 (251 110,1701 125.OC4)1 (33.078) 125) 10,170 25,¢XXI 35.170 168,2731 (33.103) TOTAL FLINDS 1.282,853 (1.308.735) (25,882) Unrestricted funds: General funds. ts for unrethrted funds not desgnated to the develwnent fund. Designated fvnds . Is a conts'ngency fund of £150.th) which has Leen deswjnated for unthseen activities and to ensure LOT has suffKient furts availabk to cover eX1U in off-peak per Development Fund. presents fvnds recwed for 5Fv)fic red)pffnt prO]ts from Sport EnglaTrJ whKh are depreciatsd eath year and hekl at rt t¢x& value. Flood Rellel Fund. rrn funds thed to repair damag&1 faalrt*s. Rebulld Fund. rew&ents fund5 iknated tty¥ard5 the re•deveWnent projett. Page 20 c(th'nued...
LONGRIDGE ON ThE ThAMES NOTES TO THE FINANaAL STATEME14TS- continued FOR THE YEAR ENDED 31ST OCTOBER 2020 19. RELATED PARTY DISCLOSURES LOT slares 3 Trustees wth another charty. The Ad¥enture LeamiThJ Chffj (TALC). tjjring the year, LOT received inccffle of £3,297 (2019 - £29,702) frrAm TALC and paid £34,286 12019 - £47,551) for ServiS- all transactions were an arms length ba%& At the year end, LOT was oytsj £31.081 by TALC afKJ this is included in Lrther (1ettors. (2019 LOT owtsj TALC £21.479) posr BALANCE SHE EVENTS As a regjlt of the (wiro COVID-19 pandemi ErrfJlaThJ into a second naiional Icthown on 5th November 2020 which ended on 2nd t)ecembw 2020. However, the Prime Mrnister anncyjnced twjher re5trittKJns for London aThJ SJuth East EThJland, wrth a new fier 4. Stay at Home, akrt thl. The Tr 4 restriths came into on 21st ikniEr 2020 and then on 6th January 2021 England entera1 vito its third nabonal Ick6>MI. The charity tc¢Jk fvll advantbje of the 9)verMt [pt avaiLle, ind179 the Coronavirus Job Retention heme. COVtD-19 represents a on-adjust"iYJ event for the 31 Ixtober 2020 year*nd financial ststements. 21. ULTIMATE CONTROLLING PARTY The operations of the charrtable c(xwany ao controlbj by the Trustees. Page 21
L014GIUDGE ON ThE THAMES DEfAILED STATEMENT OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 31sr OCTOBER 2020 31.10.20 31.10.19 INCOME AND ENDOWMENTS Donations and legaci Donations Grants 74,836 165.443 15,935 240.279 15,935 other tradin9 artivitie5" Rental Income 10.031 10,072 Investment incom Bank interest 134 146 Charitable actlvities CharitstAe aLtvibes 281.587 723,030 Other income Gain on s* of tsroitle fued assets 1.639 Totsl incoming resources 533.670 749,183 EXPENDrnIRE Charitable activities Wages Social Security PensMMs markth.ng Activity co#s Hospitalty and catering &3d debt Compensatiw Paymrt Ilant and machinery Loss ort sale of tsngible f(xed assets 172,773 5.386 2,508 5,468 10,553 28,029 12.909) 217,048 9,963 4,030 4,895 20,262 60,767 3,Cp10 135,000) 79,584 410 70,012 291,820 364,999 Support costs Management Wages Social secunry Pensions Travel Faalities and c0rnrnunicalKS Legal and profes9.onal fees Unrecovered VAT Other suppNt #aff costs 97,790 10,731 1,762 5,521 67,487 18,43 28,181 23,734 418 101,998 11,517 1,495 10,248 87,503 24,944 47,342 29,628 435 254,067 315,110 finance Insuran Carried forward 21,136 21,136 25,403 25,403 This page dces nrt fLY7n Pwt of the statutory anCial Statts 22
LONGIUDGE ON THE THAMES DETAILED ATEMENT OF FIIIANCtAL AcrivrriES FOR THE YEAR ENDED 31 (Th)BER 2020 31.10.20 31.10.19 Finance Brought fcThard Bank charyes 21,136 14,605 25,403 17.295 35,741 42.698 Govemance costs Audrtrxs, remuneration n¢Jn aud w(k 3(K) 4.0 TOtsI reStyJr expended 581,928 726,807 Net {expenditure)lincome 148,258) 22.376 This pJe rnt fcKm pwt of the stattbttry financial statements Page 23