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 M￿ury Hwse 19.21 Ch60 Street Markmt Buth"rwJhaffl5hire SL7 3HN *A49T8HUft• 3010712021 COMPANIES HOUSE A18 #141 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 S*eer 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 (&wla￿l ￿ Waks) REG￿ERED CHARTfY NiIMBER 1121239 INDEPEt4DENT EXAMINER Charter•J Acctyjntsnts m￿t￿ry House 19-21 (jk7￿1 gxeet Marfow Buth'nghamshi SL7 3HN CHIEF EXECUTIVE OFFICER A K Fot*r 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 •Jopt￿l the rxovisons of Accounting and Repth'ng by tharths: Statwnent of Recommended PrKtKe aP￿Icable 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 sUp￿rt their orkratton and the development of fvrther opp)rtunths. These cixnmunity f￿11th$ will er￿oUrage young wple frcffi all walks of life. and of all atrj.l￿es. to (Jevew leadwshy, 5￿f-di￿[lIne. re91*r￿, 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 gutyja￿e 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 wot*efs durin9 schcx)I hdidays, for. NHS w(Nkers we made no tharge. All teaffl memters were put on fur￿gh 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 fa01￿eS or team. We went into the 2021 sea9Jn with a krgety new tearn that have had to a very reactNe operatic￿al prdLti￿ in ￿￿er for us to flex ￿r operation to reS￿￿d to thaN41￿ COVKI guide11r￿s. 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 c￿treS suth as our% FIMANCIAL REVIEW Financial p05itl( The charity has a 5trorg balarKe sl)eet nct o￿ts 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 re*ricbons. 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 sour￿5 The main 9)urces of fun¢Ying for the charty a￿ the Trniwn of fXJt(kxY thbes (L3nd and water based) for young FeDple, famil￿5, xhTh)Is and (ther groups. Thi% repre*nts £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￿￿ soUr￿S 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 gLIida￿e of the Board. AJI investm￿ts are to tre made in the name of the tharity, and with regar¢J to en￿r￿Ments1 and other eth￿￿1 (￿￿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 w￿h 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 Continge￿ies. This sum wil be used in the event of the organllats'on bw'ng th￿ten8￿ with ckfyJre. fcf rojurthnry p3yrrthts, to cover kjng term Sickn￿5$ liabilthes and rnat￿lty pay and to a595t in any cts extracffdinary sjth as è pandern The tharty seeks to maintsin re5erws eqysvaknt to 3 months rf ￿dgeted exk*ThJrtwe. Going conorn After making appropriate enquiries, the tnJ#ees have a reag)natrAe exFectition that the charitstle company has adequate resources to continue In opwah￿l for the f￿eeat￿e fu￿j￿. 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 Ferforma￿e 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 I￿pIe to ddiver aCtiv￿leS and to clean aLtivities and fao1th5 ath.vty sessKms. In athdition, cust1*7￿￿ have been rrKxe demanding in terms of question5 and arrival on ￿ntre. frequentty oncdling at the List rnon￿t 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 eX￿￿encIng an increase ￿ costs and a decre￿ in gles. We have not tenefited from any 9)vern￿Ent hdp vlth the ￿r￿rtain dimate have continuaj to redu￿ costs where Possible and to resp)nd quic￿ to OpW>rtun￿'es as arise, s￿h a5 è 'kWtJp' LongrKlge experEnce within the sch(x)I grounds of a in Oxfordshire. Thts entrepreneurial apr*oach has gjne 9)me way to impmwng sales but the main tr*nefft is that (c has al&J￿j us to re-evakote the Ch￿ItieS ar¥1 ddNery model. In 2021 L￿gridge severed rts re￿￿.￿Ship wth Tr •th￿tY[e Leaming (harity a5 we fe￿ we now needed to be in complete (￿trol of de*ny, rf we are to realise ￿ many oppNtunifyes that have presented themsefve5 in our sertor. Such as offering farnily h￿Idays. hvJher quality hoswalty arK1 a wK*r of artivrtEs ftr adults. We can use the incLJne from these activiti.es to mjerwnte the of tjelwing OLY C(xe C￿ltsb￿ activibes to ywng people. We continue to seek to creats a cC￿￿Munity 8￿efft Sc¢iety (CBS) to OFerate Longridge activit￿S, 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 ￿tiVI￿S to matrh wsitor demand and will also I￿k in 2022 to Introdu￿ new ath'wties, in parbcular replacry the pkYYJrC￿nd that haj to take down this year. We will be seeking funding partners to improve our faCIl￿e5 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 gO￿Thj a deed of tr￿t. 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 O￿OBER 2020 srRucfiJRE, GOVERNANCE AND MANAGEMENT Charity constitution L￿)gridge on the Thames is registered with the Llwnty Commis90r*rs' (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 L￿r￿. LoThJridge Scout 8oats.ng Centre has subsequently been W￿JThJ up. The cornmercial &trb"e5 W￿￿ transferred to Longrty on the Thame5 on l Novemi*r 2010. Recruitment and appointment of new trustees The management of the company is the rewsth'lty of the Tru*￿5 who are elected arKI ccws*ed under the temis of the Trust deed. Organisbtional structure and decision making The Trustees govern Longridge (x) the Than*s under the temis of the TnA Eeed. registered on 9 August 2007 a5 amended by Speoal Regyul￿ on 15 Ottot￿r 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 ge￿ra1 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 iangfM*Je &te is carr￿1 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 lnf0mw￿n 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(( a￿1 retain the skj'lkd stsff we need. We have a performan management Cultu￿ that enables all team memt*rs to under*and 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 emplOY￿nt OkwrtUnrt￿ ts youThJ EV￿e. Our pay ￿lLY is structured to refiect this and is guided by the fdkymng prin0￿e$. - We aim to pay stsff a salary that is at the markrt median of the relevant settc - We benchmark 5alories against tharths of cimparabte sile roles to ours . Every three years we fulty benchmark all salaries, ￿ order to Th￿itOr ¢YJT Pay twtion in the nk4rket . We aim to offer a gwd tenefits patkage . We t￿leVe tho* who C￿$*n¢ty cthkn"tKrte at a expectab.on 4b)uhY have cyrortunity to be further rewaided for ¢Joing 9). The pay and cOnd￿on$ of our CEO are set in actc*darKe wth pay and ag￿ed 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 gUida￿e, that the overall goal of a tharity's pay should be to offer fair pay to attract and keep apprcyriatety*ualified #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 reagM*Je a￿ran￿ ajainst fraud aNI error. The Tfugees have asses￿ the major risks to which the charitsble company is ex￿sed, in pa￿C￿lar those related to the operat¥)ns aTrJ finances of the charrtabk cornpany* and are sat￿fied 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 sUp￿￿te¥S to swJ)rt the (devth￿ improvement of our activths and facIl￿*s. That generosity means that we can nY)re vulnernble y(xJng to ac￿ our att￿rt￿5 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 pr*Ke 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 res￿nSi￿V - 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 ¢J￿at￿$ tlo . fund work with a demonstrable, F*JSitive 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 comMunicat￿n channels - if tw charvje. w￿.11 adapt swi￿Y 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 sI￿e 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 Accounts￿j Standards IUnrt&J Gewauy AcceNed ￿(￿Jnt1ThJ prattl￿). Company kw requires the trustees to wepare finanoal statern￿ for eath financial year wh￿h give a true and fair view of the state of affair5 of ￿ char￿at￿e company and of the ir￿Orning resJurce5 and appl￿tiOn of T￿)urces, includiro the income a￿1 expenditure, of the thar￿a￿e 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 princi￿e5 in the Chèrity SORP.. make judgements and estimates that are wsonable and p¥ud￿t. prepare the finanual ststements the wr¥J cO￿n basis ￿e$S t is inapwowe to pre5Lwne that the charits￿e company will tontinue in bu911ess. The trustees a￿ respJ)sille for keepiNJ woper ￿0XIn￿"r￿j whKh th"x105e with rea9anab￿ accuracy at any time the financial positson of the charitable c(ynpany and to them io ensu￿ that the finarrial Statements cOm￿Y wth the Comp3nies Act 2006. Ttrw are also reS￿x)s￿e fty safeguardirrtj the assets of the chantsble company and hence fer tsking ￿a ble steps for the prevents.￿ arnl detectK￿ of fraud and (rther Irregularitie5. Apyro of the t*)ard of tru#ees 29th Juty 2021 and by: JRLee-T Page 5 Imlependentex•mkner's rep(xtlo the tnthesof LfywiNl9e On TheThame5 Cthe Companv.) 31st October 2020. Responslbllllies and ba* ￿ rnixvt As the tharity's in1st￿ cl the Cornpany (a￿1 aL*) it5 for the cornpary law) you are re$r¢A￿.￿le for the prep3ration of the ¥cwnts in wlh the reYJirwts.d.tt￿ kt 2mS"(Ihe2D)6 ACY). HavirvJ Sattsr￿d rrysdf that aatMJnts of the.Ccffipany arp I￿.￿ulTett ts) LE.a￿l￿1 unts Part 16 of the 20C6 Act and are elig'ble for inde￿d￿t 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 e￿Intiti￿ I have folowed the Dlreth"ons gNen by the Chanty C￿nM￿SKIn s￿l1r￿ 145(5) (b) (* 2011 kt INlependentexamlnees sin￿ your charitys gr05s incorne exce8*1 £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 Court￿ts in England and vthKh is c￿e of Ix*l I hale (onweted rrty eyxvnmal*)rk I cthlrn) that r#) Thwtters cfft to trty att￿ticffi in CCfflneLt*￿ wth the examinatb)n giiiiw¥J rause to beli￿. the acccxtnts do not ￿cr¥￿ wlth r￿d5. C the accounts do not cryrwy accwibrwj rEqUWe￿Erts d swXrA1 396 of the 2￿6 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[th￿S aThd prirKiple5 (* Statanent of RK￿nr￿ded 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 fin￿al R¢AYt"rYJ StsThJard ar4Trt4e n tt* UK aThJ Re￿￿1C (rf Irdand (FRS 102)). Kevin &lety, FCA 1nsb.tute ￿ Chtytwed kLY1￿￿￿5 ￿ Et￿aTh1 aThl Wal RJch¥ds¢J) J¢J)es arttred A¢tt•uniants Mercury House I￿21 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 Ch*itsble 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 MOVe￿n¢ 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 nc*es fom part of ￿ fina￿la1 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 CRED￿oR$ 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 a￿tht m1er sect￿ 477 of the Cryanies Act 2[￿ for the year ended 31st October 2020. The meMtr￿rs have required the company to obtsin an a￿lIt of ts fiTh3rKial strlements for ihe year end&J 31st Octc4Jer 2020 in acc 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 5tsteM￿ts 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 rel￿tIng 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 (E*crease>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 st*ments 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 Rep*xting by Charrties.. Ststsmert of Recommended PractKe aprAKab￿ to (haritts prepariro th8r accounts in accordano with the Finarrial Repx)rb"ng Srdndard ap￿Itable in the UK and RepublK of IreLind (FRS 1021 (effective l January 20191,, Financial RekX)rting Stsndard 102 The Financial Re￿ting Stsndard applicable in the UK and RepUt￿le of [￿land, and the Companies Art 2006. The finarKkil ststements have L*en prepared under trt historKal cost Cor￿ty￿. All ir￿orne is T￿n￿e￿ in the Ststement of Fmano* P£bvths On￿ the charity has entiuement to funds, it is prcl)able that the income ￿11 be r￿ed aTrJ the amount can be meagjred ￿lia￿ty. Incoffle tax rffoverable ￿ reL4iion to ¢Jonations recaval under Gift (Y deays of covenant 15 r￿Qgnised at the 'me of the donation. Income tsx recove¥atAe in rdation to inbtstmert wKcrfne 15 reccgnised at twne the investment income is re￿NatIe. Other income is recognised in the ptrvj in whth rt is wecewable arKI to the exlert ￿ ￿0￿S have been kyovided or on completiC￿ of the Interest on fuThJs held on detogt is i￿lu¢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 ex￿￿rture as 9y)n as there is a leg31 ￿ constructive obligation commitbng the chanty to that eX￿ndItU￿. fc is wobat4e that a tran* of economic tenefits wll be required in Settleft￿nt 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 part￿ular 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 attritMJIa￿e 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 ￿tsvIt*s on a basis consistent with the use of Tewurces. Central staff costs a￿ all￿ated on tk bass of tiffle 5F*rt, and deWeOat￿ char9es alktsted on the of the asset's use. Fundraising costs are incurred in seekiNJ vduntsry contr"bulions. sl￿￿rt coas are those cog5 inojrred directy in suppjrt of e￿ndrtu￿ objects of the company a￿1 indude projert managernent carrEd out at He*Jquarters. Governance coAs are those Ir￿rred in connection wrth administration of the company and Complian￿ with ccmst)tub"onal and #atutw rg]uiTeffEnts. Charitat4e ￿tNit￿S and GcNernan￿ costs are imirroj on the companys eduCat￿nal ￿rat￿5. including supwrt Costs costs rdating to the gO￿nartt 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# Stra*Jfrt 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 d￿rrtable L*>j￿tiveS 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 C￿leCtiVeS 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 fina￿al statanerts. Restricted funds can onty te usetl ts partthar fethrt￿ purrx)ses wrthin the ob]￿ts of the chanty. Restrictions arise by the d￿or or when fy￿1$ are rai￿ fix parti￿￿7r re51rK￿ purpJses. Further expkinabrth of ￿ nature aThJ purFQSe of each fv￿1 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 ￿h￿e a￿ to ￿ St￿n￿t of Financial knvib.es in the PEriL¥J to whith they ￿late. GOI￿rnment grnTrts The Coronavirus Retenti￿ kheme (ORS) re9J￿ in cash payments from ￿ governffent to coMp￿sate ftr part of the wages. a￿Kiated nab"(Y)al inwvan￿ conth"butigns INICS) aTrJ ern￿Oyer Fenson contribLkn'ons of employee5 who have teen pla￿ on furfough. Empb)yees were pla￿j on furkxjgh during the year and tt charity r￿aVed a tctal amount of £116,545 under the C]RS. Ths 6 Ind￿ wthin donatKms aThJ Segaoes, grdnts. The chanty also r￿￿ed a rates grnnt of £25.Th)O frrm the k(al courKil. The CJRS and rates grants are recognwAJ on the mal nK*Jel. lthdtr the accrual mr*lel a grant relab.ng to revenue shall be rec￿nIsed 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 Com￿nY 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 Int￿St payable for the first 12 months. The first 12 ft￿th$ inter& will be pabl by the UK ￿Vernment as a Business InterrUpt￿n 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 ft￿k7￿5. 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 CHAR￿ABLE 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 payrT￿t 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 Charita￿e &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 co*s. 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 A￿l￿or5. 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 te￿ts ftw the year erthl 31st MI. The charity tc¢Jk fvll advantbje of the 9)verM￿t ￿[p￿t avaiL*le, ind￿￿179 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 Paym￿rt 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 c0rnrnunicalK￿S 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 Stat￿￿ts 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 p*Je rnt fcKm pwt of the stattbttry financial statements Page 23