## 



||**Page**|
|---|---|
|Report of the Trustees|1-9|
|Report of the Independent Auditors|10-12|
|Statement of Financial Activities|13|
|Balance Sheet|14|
|Statement of cash flows|15|
|Notes to the Financial Statements|16-32|





## 

|**Registered** **Company** **number**|06223076 (England and|Wales)|
|---|---|---|
|**Registered** **Charity** **number**|1122269||
|**Registered** **office**|Sandhutton||
||Breckenbrough||
||Thirsk||
||Y07 4EN||
|**Trustees**|||
||Judith Campbell|Deputy chair|
|||Resigned 15.11.2019|
||Alison Clarke|Chair|
||Ruth Melighe|Deputy Chair from 15.11.2019|
||Stefan Lewicki||
||John Littlefair||
||John Margham||
||Kirit Gordhandas|Appointed 01.01.2021|
||Fleur Parker|Appointed 01.01.2021|
|**Key** **Management** **Personnel**|||
||Headteacher|Simon Bannister|
||Deputy Headteacher|James Shutt|
||Head of Social Education|Stuart Edwards|
||Bursar|Sue Jones|
|**Auditors**|Saffery Champness LLP||
||Mitre House||
||North Park Road||
||Harrogate||
||North Yorkshire||
||HG15RX||
|**Solicitors**|North Yorkshire County|Council|
||County Hall||
||Northallerton||
||DL7 8AD||
||Page 1||





**Breckenbrough School Limited** 

## **Report of the Trustees** 

## **for the Year Ended 31 August 2020** 

## **Reference and administrative details (continued)** 

|**Bankers**|Barclays Bank plc|
|---|---|
||25 St James Street|
||Harrogate|
||HG1 1ZT|
|**Insurers**|Innovation Broking|
||20 St Dunstan’s Hill|
||London|
||EC3R 8HL|
|**Co-opted Members**|Richard Clarke|
||Sally Burton|
|**Staff Representative Governors**|Richard Kendrick|
|**Headteacher**|Simon Bannister|
|**Appointed by North Yorkshire**||
|**County Council**|Robert Baker|
|**Parent Governors**|Carl Wright|
||Daniel Hunter Appointed 12.06.2020|



Page 2 



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# 16 March 2021 



## 

||||||**2020**|2019|
|---|---|---|---|---|---|---|
|||**Unrestricted**|**Restricted**|**Endowment**|**Total** **funds**|Total funds|
|||**funds**|**funds**|**funds**|||
||Notes|**£**|**£**|**£**|**£**|**£**|
|**Income** **and** **endowments**|||||||
|**from:**|||||||
|Donations and legacies<br>Charitable activities<br>Other trading activities|3<br>32,203<br>3,355,500<br>701,266<br>1,366<br>-||||||
|Investments<br>Other<br><br>|||||||
|**Expenditure** **on:**|||||||
|Raising funds||1,382|||**1,382**|3,196|
|Charitable activities|6|ЗД41,005|733,469||**3,874,474**|3,792,889|
|**Total**||3,142,387|733,469||**3,875,856**|3,796,085|
|**Net** **income**||**236,301**||**323**|**236,624**|260,693|
|Transfers between funds|18|323||(323)|||
|**Other** **recognised**|||||||
|**gains/(iosses)**|||||||
|Remeasurement (loss) on||(1,000)|||(1,000)|(15,000)|
|pension provision|||||||
|**Net** **movements** **in** **funds**|||||||
|**Reconciliation** **of** **funds:**|||||||
|**Total** **funds** **brought** **forward**||**1,804,227**|**9,620**|**133,079**|**1,946,926**|1,701,233|
|**Total** **funds** **carried** **forward**||**2,039,851**|**9,620**|**133,079**|**2,182,550**|1,946,926|





## 

|||**2020**|2019|
|---|---|---|---|
||Notes|**£**|£|
|**Fixed** **assets**||||
|Tangible assets|11|**1,243,817**|1,070,397|
|Investments|12|**48,761**|48,682|
|||**1,292,578**|1,119,079|
|**Current** **assets**||||
|Stocks||**4,451**|4,714|
|Debtors|13|**1,087,227**|975,048|
|||**1,385,372**|1,343,089|
|||**2,477,050**|2,322,851|
|**Creditors**||||
|Amounts falling due within one year|14|**(1,489,078)**|(1,372,004)|
|**Net** **current** **assets**||**987,972**|950,847|
|**Total** **assets** **less** **current** **liabilities**||||
|||**2,280,550**|2,069,926|
|**Creditors**||||
|Amounts falling due after more than one year 15||**(98,000)**|(123,000)|
|**Net** **assets**||**2,182,550**|1,946,926|
|**Funds**||||
|Unrestricted funds-general|18|**1,739,851**|1,504,227|
|Unrestricted funds - designated||**300,000**|300,000|
|Restricted funds||**9,620**|9,620|
|Endowment funds||**133,079**|133,079|
|**Total** **funds**||**2,182,550**|1,946,926|






## 

|||**2020**|2019|
|---|---|---|---|
||Notes|**£**|£|
|**Cash** **flows** **from** **operating** **activities**||||
|Net cash provided by operating activities|20|**385,008**|471,302|
|**Cash** **flows** **from** **investing** **activities**||||
|Interest from investments||**323**|318|
|Purchases of property, plant and equipment||**(264,536)**|(56,360)|
|||**(264,213)**|**(56,042)**|
|**Cash** **flows** **from** **financing** **activities**||||
|Repayments of borrowing||**(78,433)**|(26,891)|
|||**(78,433)**|(26,891)|
|**Change** **in** **cash** **and** **cash** **equivalents** **in** **the**||**42,362**|388,369|
|**reporting** **period**||||
|||**1,391,771**|1,003,402|
|Cash and cash equivalents at the beginning||||
|of the reporting period||||
|**Cash** **and** **cash** **equivalents** **at** **the** **end** **of** **the**|21|**1,434,133**|1,391,771|
|**reporting** **period**||||



## 

||||**Cash** **flows** **At** **31** **Aug** **2020**<br>|**Cash** **flows** **At** **31** **Aug** **2020**<br>|**Cash** **flows** **At** **31** **Aug** **2020**<br>|
|---|---|---|---|---|---|
|Loans falling due within|1|year|(78,433)<br>78,433|||
||||**(78,433)**|**78,433**||
|**Total**|||**1,313,338**|**120,795**|**1,434,133**|





## 

## 

## 



## 

## 

## 

|Freehold properties|2% - Straight line|
|---|---|
|Equipment, fixtures and fittings|20% - Reducing balance {except boilers 4% straight line)|
|Computer equipment|33.3% - Straight line|
|Motor vehicles|25% - Reducing balance|



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## 

|**2.**|**Comparative** **SOFA**||||||
|---|---|---|---|---|---|---|
|||**Unrestricted**||**Restricted**|**Endowment**|**Total**|
||||**funds**|**funds**|**funds**|**funds**|
|||||||**2019**|
||||**£**|**£**|**£**|**£**|
||Donations and legacies<br>Charitable activities||||||
||Other trading activities<br>Investments<br>Other||||||
||Raising funds<br>3,196|||||ЗД96|
||Charitable activities||3,180,923|611,966||3,792,889|
||Total||ЗД84Д19|611,966||3,796,085|
||**Net** **income**||**260,375**||**318**|**260,693**|
|**3.**|**Income** **from** **donations** **and** **legacies**||||||
|||**Unrestricted**|**Restricted**|**Endowment**|||
|||**funds**|**funds**|**funds**|**2020**|**2019**|
|||**£**|**£**|**£**|**£**|**£**|
||Donations|867|6,025||6,892|3,472|
||Grants||26,178||26,178|20,080|
|||867|32,203||33,070|23,552|
|**4.**|**Income** **from** **charitable** **activities**||||||
|||**Unrestricted**|**Restricted**|**Endowment**|||
|||**funds**|**funds**|**funds**|**2020**|**2019**|
|||**£**|**£**|**£**|**£**|**£**|
||Fees<br>Recharges for||||||
||other costs||||||
||ESFA||||||
||Other income||||||
||and grants||||||





## 

||**Unrestricted**|**Restricted**|**Endowment**|||
|---|---|---|---|---|---|
||**funds**|**funds**|**funds**|**2020**|**2019**|
||**£**|**£**|**£**|**£**|**£**|
|RHI and FIT income<br>School Trips||||||
|Computing and cycle||||||
|to work scheme||||||
|Other||||||



## 

||**Direct** **costs**|**Support** **costs**|**2020**|**2019**|
|---|---|---|---|---|
||**£**|**£**|**£**|**£**|
|School|2,952,817|587,816|3,540,633|3,445,659|
|Welfare|16,282||16,282|52,837|
|Premises|317,559||317,559|294,393|
||3,286,658|587,816|3,874,474|3,792,889|



||||**Information**|**Human**||
|---|---|---|---|---|---|
||**Management**|**Finance**|**technology**|**resources**|**Totals**|
||**£**|**£**|**£**|**£**|**£**|
|School|488,498|17,940|78,535|2,843|**587,816**|
|Support costs, included in|the above, are as follows:|||||
|||||**2020**|2019|
|||||**£**|£|
|Wages<br>Social security||||||
|Pensions<br>Hire of plant and machinery||||||
|Insurance<br>Postage and stationery||||||
|Travelling and motor<br>Professional fees||||||
|Bank charges<br>Computer licences and IT||||||
|Recruitment<br>Governance||||||





## 

## 

||**2020**|2019|
|---|---|---|
||**£**|£|
|Governors' travel|**388**|738|
|Auditors' remuneration|**9,360**|15,383|
|Auditors' remuneration for non-audit work|**3,840**|3,000|
|Depreciation - owned assets|**87,911**|83,025|
|Loss on disposal of fixed assets|**3,205**|6,301|
|Hire of plant and machinery|**66,891**|76,738|



## 

## 

## 

||**2020**|2019|
|---|---|---|
||**£**|£|
|Wages and salaries<br>Social security costs|||
|Other pension costs|||
|Supply staff costs|**61,836**|207,400|
||**3,006,907**|2,806,722|



|The average monthly number of employees during the year was as follows:|||
|---|---|---|
||**2020**|2019|
|Teaching and counselling|**40**|38|
|Domestic|7|12|
|Care|17|20|
|Administration|8|12|
||**72**|82|





## 

|||**2020**|**2019**|
|---|---|---|---|
|£60,000|to £70,000|||
|£70,001|to £80,000|||
|£80,001|to £90,000|1|1|





**Breckenbrough School Limited** 

## **Notes to the financial statements (continued) for the year ended 31 August 2020** 

## **11. Tangible fixed assets** 

|**Cost**<br>At 1 September 2019<br>Additions<br>Disposals<br>At 31 August 2020<br>**Depreciation**<br>At 1 September 2019<br>Charge for year<br>Disposals<br>At 31 August 2020<br>**Net book value**<br>At 31 August 2020<br>At 31 August 2019|**Land and**<br>**buildings**<br>**Plant and**<br>**machinery**<br>**etc**<br>**£**<br>**£**<br>974,149<br>874,798<br>154,971<br>109,565<br>-<br>(48,898)<br>1,129,120<br>935,465<br>251,168<br>527,382<br>19,732<br>68,179<br>-<br>(45,693)<br>270,900<br>549,868<br>**858,220**<br>**385,597**<br>722,981<br>347,416|**Totals**<br>**£**<br>1,848,947<br>264,536<br>(48,898)<br>2,064,585<br>778,550<br>87,911<br>(45,693)<br>820,768<br>**1,243,817**<br>1,070,397|
|---|---|---|



Included in cost or valuation of land and buildings is freehold land of £500 (2019 - £500) 

The Company is the Custodian Trustee of the Breckenbrough School Charitable Trust and also the sole Trustee entrusted to manage the affairs of that Charitable Trust which includes the permanent endowment property and investments as indicated in note 18 of these financial statements. Financial Reporting Statement 102 requires that the substance of an entity's transactions is reported in its financial statements. 

This requires that the commercial effect of a transaction and any resulting assets, liabilities, or gains and losses are shown and that the accounts do not merely report the legal form of a transaction. Following this, the Company has included the freehold land and buildings, and investments subject to permanent endowment, within its Balance Sheet. 

All fixed assets are held for continuing use in the Charity's activities. 

The freehold land and buildings were professionally valued on 3 March 2020 on an open market basis at £2,280,000 by Barry Crux & Company Limited, Chartered Surveyors. The Trustees do not consider that the valuation would have changed significantly between this year end and the valuation date. 

## **12. Fixed asset investments** 

By the Trust Deed, the investments are not subject to the limitations of the Trustee Investments Act. The investments represent a bank deposit account within the Endowed Funds (see notes 18 and 19). 

Page 23 



**Breckenbrough School Limited** 

## **Notes to the financial statements (continued)** 

## **for the year ended 31 August 2020** 

## **13. Debtors: amounts falling due within one year** 

|Trade debtors<br>Other debtors<br>**Creditors: amounts falling due within one year**<br>Bank loans and overdrafts<br>Trade creditors<br>Taxation and social security<br>Other creditors<br>Pension scheme liability<br>Other creditors comprised:<br>Fees in advance<br>Pension scheme contributions<br>Accruals<br>Other creditors<br>**Creditors: Amounts falling due after more than one year**<br>Pension|**2020**<br>2019<br>**£**<br>£<br>**926,994**<br>828,674<br>**160,233**<br>146,374<br>**1,087,227**<br>975,048<br>**2020**<br>2019<br>**£**<br>£<br>**-**<br>78,433<br>**100,698**<br>54,808<br>**53,743**<br>50,713<br>**1,307,637**<br>1,162,050<br>**27,000**<br>26,000<br>**1,489,078**<br>1,372,004<br>**2020**<br>2019<br>**£**<br>£<br> **1,173,846**1,031,152<br>**30,139**<br>22,809<br>**101,016**<br>48,779<br>**2,636**<br>59,310<br>**1,307,637**1,162,050<br>**2020**<br>2019<br>**£**<br>£<br>**98,000**<br>123,000<br>**98,000**<br>123,000|**2020**<br>2019<br>**£**<br>£<br>**926,994**<br>828,674<br>**160,233**<br>146,374<br>**1,087,227**<br>975,048<br>**2020**<br>2019<br>**£**<br>£<br>**-**<br>78,433<br>**100,698**<br>54,808<br>**53,743**<br>50,713<br>**1,307,637**<br>1,162,050<br>**27,000**<br>26,000<br>**1,489,078**<br>1,372,004<br>**2020**<br>2019<br>**£**<br>£<br> **1,173,846**1,031,152<br>**30,139**<br>22,809<br>**101,016**<br>48,779<br>**2,636**<br>59,310<br>**1,307,637**1,162,050<br>**2020**<br>2019<br>**£**<br>£<br>**98,000**<br>123,000<br>**98,000**<br>123,000|
|---|---|---|
||||
||||



## **14. Creditors: amounts falling due within one year** 

## **15. Creditors: Amounts falling due after more than one year** 

Page 24 



**Breckenbrough School Limited** 

## **Notes to the financial statements (continued) for the year ended 31 August 2020** 

## **16. Operating lease commitments** 

At 31 August 2020 the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows: 

|Within one year<br>Between one and five years<br>**Secured debts**<br>The following secured debts are included within creditors:<br>Bank loans|**2020**<br>**£**<br>**42,220**<br>**43,011**<br>**85,231**<br>**2020**<br>**£**<br>-||2019<br>£<br>35,785<br>38,381<br>74,166<br>2019<br>£<br>78,433|
|---|---|---|---|
|||||
|||||



## **17. Secured debts** 

The following secured debts are included within creditors: 

The bank loan is secured by a legal charge over a property known as "The Lodge" at Breckenbrough School. 

## **18. Movement in funds** 

|**Unrestricted**<br>**funds**<br>General fund<br>Designated fund<br>Capital grant<br>**Restricted funds**<br>DFC Grant<br>ESFA funding<br>**Endowed funds**<br>Foundation<br>capital<br>Lone House<br>capital<br>Total funds|At 1.9.19<br>£<br>1,420,957<br>300,000<br>83,270<br>1,804,227<br>9,620<br>-<br>9,620<br>84,579<br>48,500<br>133,079<br>1,946,926|Incoming<br>resources<br>£<br>3,378,688<br>-<br>-<br>3,378,688<br>32,203<br>701,266<br>733,469<br>-<br>323<br>323<br>4,112,480|Resources<br>expended<br>£<br>(3,142,387)<br>-<br>-<br>(3,142,387)<br>(32,203)<br>(701,266)<br>(733,469)<br>-<br>-<br>-<br>(3,875,856)|Gains,<br>losses and<br>transfers<br>£<br>(677)<br>-<br>-<br>(677)<br>-<br>-<br>-<br>-<br>(323)<br>(323)<br>(1,000)|**At 31.8.20**<br>**£**<br>**1,656,581**<br>**300,000**<br>**83,270**|
|---|---|---|---|---|---|
||||||**2,039,851**<br>**9,620**<br>**-**|
||||||**9,620**<br>**84,579**<br>**48,500**|
||||||**133,079**<br>**2,182,550**|



Page 25 



**Breckenbrough School Limited** 

## **Notes to the financial statements (continued) for the year ended 31 August 2020** 

## **18. Movement in funds (continued)** 

## **Capital grant - unrestricted** 

This is a designated fund which represents a capital grant which was received from the Department for Education and Skills and may be repayable in the event of the closure of the School. 

## **DFC Grant** 

The DFC grant is amounts received for capital funding to be used for improvements to buildings and other facilities, including ICT, or capital repairs and refurbishment. The transfer to unrestricted funds represents the amount spent in the year on capital items using this grant. 

## **ESFA funding** 

These monies were received from the Education and Skills Funding Agency for the education and support activities of the school and were fully utilised in the year. 

## **Endowed funds** 

The Foundation capital represents the original endowment to provide for the establishment of the Charity. The Lone House capital represents the replacement under a recoupment order of sums expended following the sale of the property known as Lone House. The amount outstanding at the year-end under the order amounted to £48,500, which represents the original value. The investment generated £323 of interest during the year which has been transferred to unrestricted funds. 

## **Designated funds** 

The Governors have made the decision not to designate any further funds in the year ended 31 August 2020. At 31 August 2020 £300,000 has been designated in total and is set aside to be used in creation of a new building within the grounds that will allow us to deliver our therapeutic provision in a purpose built area allowing space, quietness and privacy for all our students.  The fund is expected to be spent over the next 12 months. 

Page 26 



**Breckenbrough School Limited** 

## **Notes to the financial statements (continued) for the year ended 31 August 2020** 

## **19. Analysis of net assets between funds** 

|Fixed assets<br>Investments<br>Current assets<br>Current liabilities<br>Long term liabilities<br>|**Unrestricted**<br>**funds**<br>**£**<br>**1,149,618**<br>**261**<br>**2,477,050**<br>**(1,489,078)**<br>**(98,000)**<br>**2,039,851**|**2020**<br>**Restricted**<br>**funds**<br>**Endowment**<br>**funds**<br>**Total funds**<br>**£**<br>**£**<br>**£**<br>**9,620**<br>**84,579**<br>**1,243,817**<br>**-**<br>**48,500**<br>**48,761**<br>**-**<br>**-**<br>**2,477,050**<br>**-**<br>**-**<br>**(1,489,078)**<br>**-**<br>**-**<br>**(98,000)**<br>**9,620**<br>**133,079**<br>**2,182,550**|
|---|---|---|



|Fixed assets<br>Investments<br>Current assets<br>Current liabilities<br>Long term liabilities|Unrestricted<br>funds<br>£<br>976,198<br>182<br>2,322,851<br>(1,372,004)<br>(123,000)<br>1,804,227|Restricted<br>funds<br>Endowment<br>funds<br>£<br>£<br>9,620<br>84,579<br> <br>-<br>48,500<br> <br>-<br>-<br> <br>-<br>-<br> <br>-<br>-<br> <br>9,620<br>133,079<br>|2019<br>Total funds<br>£<br>1,070,397<br>48,682<br>2,322,851<br>(1,372,004)<br> (123,000)<br>1,946,926|
|---|---|---|---|



## **20. Reconciliation of net income to net cash flow from operating activities** 

|Net income for the reporting period<br>Adjusted for:<br>Depreciation<br>Loss on disposal of fixed assets<br>Investment income<br>Decrease/(increase) in stocks<br>(Increase) in debtors<br>Increase in creditors<br>Pension scheme non-cash movement|**2020**<br>**£**<br>**235,624**<br>**87,911**<br>**3,205**<br>**(323)**<br>**263**<br>**(112,179)**<br>**194,507**<br>**(24,000)**<br>**385,008**|2019<br>£<br>245,693<br>83,025<br>6,301<br>(318)<br>1,246<br>(2,299)<br>143,654<br>(6,000)<br>471,302|
|---|---|---|



Page 27 



**Breckenbrough School Limited** 

## **Notes to the financial statements (continued) for the year ended 31 August 2020** 

## **21. Analysis of cash and cash equivalents** 

|Cash in hand<br>Cash held as investment|**2020**<br>**£**<br>**1,385,372**<br>**48,761**<br>**1,434,133**|2019<br>£<br>1,343,089<br>48,682|
|---|---|---|
|||1,391,771|



## **22. Pension commitments** 

## **Teachers’ Pension Scheme** 

## **Introduction** 

The Teachers' Pension Scheme (TPS) is a statutory, contributory, defined benefit scheme, governed by the Teachers’ Pension Scheme Regulations 2014. Membership is automatic for full-time teachers in schools and, from 1 January 2007, automatic for teachers in part-time employment following appointment or a change of contract, although they are able to opt out. 

The TPS is an unfunded multi-employer defined benefits pension scheme governed by The Teachers’ Pensions Regulations 2010 (as amended) and The Teachers’ Pension Scheme Regulations 2014 (as amended). Members contribute on a “pay as you go” basis with contributions from members and the employer being credited to the Exchequer. Retirement and other pension benefits are paid by public funds provided by Parliament. 

The employer contribution rate is set by the Secretary of State following scheme valuations undertaken by the Government Actuary’s Department. The most recent actuarial valuation of the TPS was prepared as at 31 March 2016 and the Valuation Report, which was published in March 2019, confirmed that the employer contribution rate for the TPS would increase from 16.4% to 23.6% from 1 September 2019. Employers are also required to pay a scheme administration levy of 0.08% giving a total employer contribution rate of 23.68%. 

The 31 March 2016 Valuation Report was prepared in accordance with the benefits set out in the scheme regulations and under the approach specified in the Directions, as they applied at 5 March 2019. However, the assumptions were considered and set by the Department for Education prior to the ruling in the ‘McCloud/Sargeant case’. This case has required the courts to consider cases regarding the implementation of the 2015 reforms to Public Service Pensions including the Teachers’ Pensions. 

On 27 June 2019 the Supreme Court denied the government permission to appeal the Court of Appeal’s judgment that transitional provisions introduced to the reformed pension schemes in 2015 gave rise to unlawful age discrimination. The government is respecting the Court’s decision and has said it will engage fully with the Employment Tribunal as well as employer and member representatives to agree how the discriminations will be remedied. 

The TPS is subject to a cost cap mechanism which was put in place to protect taxpayers against unforeseen changes in scheme costs. The Chief Secretary to the Treasury, having in 2018 announced that there would be a review of this cost cap mechanism, in January 2019 announced a pause to the 

Page 28 



## 

## 

## 



## 

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||**Period** **Ending**<br>31 August 2020<br>(£000$)|**Period** **Ending**<br>31 August 2019<br>(£000s)|**Period** **Ending**<br>31 August 2018<br>(£000s)|**Period** **Ending**<br>31 August 2017<br>(£000s)|
|---|---|---|---|---|
|Present value of provision|125|149|155|176|



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||**Period** **Ending**|**Period** **Ending**|
|---|---|---|
||31 August 2020|31 August 2019|
||(£000s)|(£000s)|
|Provision at start of period|149|155|
|Unwinding of the discount factor (interest expense)|1|2|
|Deficit contribution paid|(26)|(23}|
|Remeasurernents - impact of any change in assumptions|1|3|
|Remeasurements - amendments to the contribution schedule||12|
|Provision at end of period|125|149|





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||**Period** Ending||**Period** Ending||
|---|---|---|---|---|
||31 August 2020||31 August 2018||
||(£000s)||(£000s)||
|Interest expense||1||2|
|Remeasurements - impact of any change in assumptions||1||3|
|Remeasurements -amendments to the contribution schedule||||12|
|Contributions paid in respect of future service|||||
|Costs recognised in income and expenditure account|||||



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|**ssumptions**||||||||
|---|---|---|---|---|---|---|---|
||31|August 2020||31 August 2019|31 August 2018|31 August 2017||
||_%_|per|annum|% per annum|_%_ per annum|_%_ per|annum|
|Rate of discount|||0.Б5|0.97|1,68||1.20|



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