Reglstered number: 08168311 (England and Wales) Charity number.. 1151323 BEECH'LODGE SCHOOL LIMITED, (A company'limitedlby guarantee)1 TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 A8B)IP3N* 31n)W2022 COMPANIES HOUSE 235
BEECH LODGE SCHO(iL L.IMITED "(A company.limited.by guarantee) CONTENTS Page Reference and adrninistrative details of the Charity. its Trustees and advlsers Trnstees. report Independent auditors. report on the financial stat•mersts Con$olidated Statement of financial a¢tiviti•s 8-10 Consolidated balanc• sheet 12 Charity balance sheet Consolid•ted Statement of Cash Ilov 13 14 Notes to th• flnancial $tat•ments 15-33
BEECH,LODGE SCHOOL LIMITED IA.¢.ompany limitèd by.guaranteel. REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES ANO ADVISERS FOR THE YEAR ENDED 31 AUGUST 2021 Trustees L J R Barnes R K Best IresKJned 5 Juty 20221 D Szmigie15ka Shanty S A Szmuie15ki {apwnted S ju 20221 Company registered number 08168311 (Ernd and Wales) Charlty regtstored number 1151323 Reglstered office Sorbon 24-26 AeSbury End Beacon5fkl Bu¢kinghamshire HP9 1LW Independent auditors MFiA Ma¢lntyre Hu¢tson Building 4 FoundatM)n Park Roxborough Way Maidenheal SL6 3UD Bank•rs Bardays Bank Pl¢ 34 Market Square Awesbury Buckinghamshtre HP20 1TT Principal Operating Office Slubbings Lane Henley Road Maidenhead Berkshire SL66QL Page 1
BEECH LODGE SCHOOL UMITED (A Company limited by guarantso) TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2021 The Iruslees are pleased to present their annual trustees. reFQrt together with the financial stalemenls of the charity for the ye8r ending 31 August 2021 are also ppared lo meet the requirements for a directors. report and accourtts for Companies Acl PLwposes. The rn¢la1 sLemenls eomrAy wth the Chthes Act 2011. the Compans Act 20(. the Memorandum and Article5 of Association, and Accounting and Repon9 by Charities." Statement of Recommended prlI applicable to charities preparing their a¢Ints in acrdance vlith the Financial ReF)Orting Standard applicable in the UK Republ of Ireland {FRS 102). Objectives and activities • Objectives and airns The principal ci)jecl of the Charity 15 to advance to educati of the pupiL * Beech Lodge S¢hool by providing and assisting in the prows)n of Speuah'sed S¢h(lIng and edUtiOn for children btheen 7 and 18 years of age. Thefft have been no ¢hange$ the objectives since the last annual rwrt. • Objectives. Strategies. and Athities In setting obje¢ttves and planning for aclivits. Ihe Trtee$ have given due ¢on$ideration to gen8ral gui¢Janc& published by the Charity ComMissn reLating to publr benef Beech Lc¥Jge School Limited is committed lo providing quality care and education. creating a nurturing envir¢)nmenl to foster resilience, develw a grthh mindset and provKle oppthtunitses for athievement, ebliNd every ¢hld over tAme to 8¢h their full polential. • Public benefrt Beech Lodge School is an independent Spec 5chcol for chikjren and Ung who are Unab lo reach their potential in a mainstream setting. Many of the pupils who atter the $ch¢JJl have S¢xial & emotional difficultts caused by earty trauma and adverse childhwd experiences. the Consequen of which can be extremely challenging and lifdong. The school offers a bespoke. engaging, and flexible curriculum tailored to meet pupil needs, interest, and a&emIC abitrty. PupiL% access a range of subj'ects, qUalIfallonS and extra- curricular acts"vitie5 which enable them to fulfil their potential and prepare for the next stage of their lives. Pupils are laught in small ¢lasses th a high adult ratio and SP1011$1 teaching. Sch works wth Local Educati ALrthorilies who fund and place pupils at the Xh1. P¥Je 2
BEECH LODGE SCHOOL UMITED. (A Company limTted by guarantee) TRUSTEES. REPORT {CONTINUEOI FOR THE YEAR ENDED 31 AUGUST 2021 Achlevements and perfomiance • Main achievements of the Charity Admlsslons Pupil numbers were up •aain despite the thallenges of the Covid 19 pandemic. We had 18 new starters in September 2020 bringing our pupil numbers on roll up to 67 pupils. Appli&nS for place5 ci>nlinued throughout the year and predictions for 2021 intake remain high vthh a forecast in ex¢ess of 80 pupiLs on roll. ademic and vc¢atronal qualifKion Ults have been gcK#J desyle perths of k¢kd¢)wn and yncertainty. There is no ¢Joubl that the tuffl to 'nomial' lrfe after kkdrA has been challengiThJ on pupil and staff mental health which has been identified and addressed. Covid-19 We returned to schocl after a summer of rewe from the constraints wnwsed upon us during the Covid19 pandemie. However new measures continued lo be in place in line wrth government llements including installation of furthei hand sanrtising dispensers. masks. S¢xkAI distan¢ing and updates to our Covtd poIleS including.. Post Pandem Return to Schwl Plan. Coronawtus Prevention and Control Plan. Essential Visitor Protocol, Heatth and Safety Covhl Addendum. Cowd 19 Annex lo Child Protection Polw, Risk Assessment Return to School plan. Change5 to drop off and pick up b.mes were implemented lo ensu social distsn¢ing and where possible extemal meeting$ were nducted via PAiuosoft Teams. On 5th January the govemment announced a third Ictkd¢M due lo the pandemic. As an independent special s¢hool vAlh a very high population of chihjren classed 35 vulnerable and who have an EHCP. we remained operb th a sman number of families opting not to retum so knons were provided remotely via Micr050ft Teams. Twice-weekly lateral flow Covid testing was impkrnented for all staff and pupils in YeaT 7 and above. Thi5 was conducted by members of our staff specially trained in the testing procedure and t(x)k Pla in our Lrfe Skills room which wa$ re-equipped and stocked. We V&ere inpres$ed with the conduct of our wmmunity who look this new regime into their stride. Educatlonal provision There was minimal disrupti to the PLpils' edtion desprte the new regime and subsequent kKkdown. Whe it was necessary to resort lo Teams, pupi15 and staff managed the tltiOn adrnirab. In November and Oecember 2020 and over the Xmas pericd we opened our"APprentiShop. in Maidenhead town centre lo pro¥Ade wort expernce for our pupils in our Route-16 prograrnme offering careers and work experience pathwayB for our older pupiL8. Items sold in the shop were created OT dcnated by member5 of the Beech Lodge Schcol comrnunty - including our Covid4hemed items lch included our "WindsorTier 3 ake stands", our 'Whitty and Vallance $08p sets". All proceeds raised were doned to Covid-19 ¢harities via the Shanly Fc4Jndation. It was a great success and rt is intended that we will continue to have a 'pop-up' town eenlre shop thanks lo our links wlh the Shanty Group retail diwsion who gffted the use of it to us. We were delighted at the impact that it had on our pupils who enjoyed VrkIng there and mary of our parents vc4unleered their time in the shop lo he raise the ctrwitable furKIs. Our new nCe laF)oratory was ecrfnpleted with fir51 class flIrt to enable our PLtpils to take science GCSE and equNalent qualrfications. A new Science texher took up post in January 2021. We also invested heavily in new touchreenS in most of the ¢Lassrooms and hKJlbend computers for the Medra classrcom. In the summer lenn we agreed a Tenancy at Wdl for the Hurkny rrrfersmle canoe centre from the Lal Authority RBWM. This provides our pupils wrth bxal and exclusive access to waler4kised actiwtie5 includirKJ canoein9, rowing and paddleboarding. Member5 of staff have been fulty trained as instructors and we look forward lo adding these aclivits lo our provision. Page 3
BEECH LODGE SCHOOL. UMITED {A'¢ompany llin1t by guarnnlee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 Achlevements and perfonnance (continued) July 2021 saw the opening of Wfclub OUT new after-school and holJay club. As it was our launch, we decided to offer it up only to Beech Lodge School pupils, a view to extending and opening il up to local children wlh SEN in luture. Flnancial review • Going concern After making appropriate enqLriries. the bo¥d of trustees has a reasonable expe¢lation that the charitable company has adequate restrCeS to continue in operional exi$ten¢e for the foreseeabfe fvIu. For this reason, it continues to adopt the goin9-coreffl basis in preparing the financial statements. For the group. including Beech Lc¥Jge Services Lim[t. incoming resources were £2,331,239 (2020.. £1.980,4991 and resources expended We £2.203,98512020." £1.811,6741 giving a surplus of £127,254 (2020.. £168,825) for the year. Reserves pollcy Reserves are hdd to meet ILrture commrtments and will be reinvested into the facilities of the school and education of the chibjren. On 31st August 2021 total reseryes ccrfnprised." Unrestrided.. £240.33012020. £113.076} for the group. aKI £341.035 (2020.. £216.73n for the schcvl. The reseryes hetd effectwety represent the cnm11meTrts due under the propety lease. • Principal risks and uncertainties The trustees have assessed Ihe major rtsks to whKh Ihe Ctiarity is expM)sed, using a RAG rating matrix. The likelihood and impact of various business risks. mainly pertaining to regulatory requirements and financial perfomian¢e, have been assessed and 4proprie ackns hove been put in pe lo mitwate exposure lo the major risks. • Covkl-19 Impact As far as inwne is con¢emed. we are fortunate that all fees for pupils fvnded by Lal Authorities are guaranteed and they have been generalty efficient in Pan9 invoices and this makes up almost all of OUT pupII5. There is no immediate effect on our financial sustainability. Iver Lal Authority bud9els may be cut in future arKI that may need to be refited in a reduction in fees gn9 forward. Page 4
BEECH LODGE SCHOOL. LIMITED jA'company.liinited by guarantee) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENOED 31 AUGUST 2021 Structure. governance and management • Const6tution The Charity 1$ in¢¢yp)red as a charrtable ¢(xnpany limited by guarantee and is a registered chaW under number 1151323. It is governed by a Memorandum and Articles of AssociatKJn dated 3rd August 2012 as amended by special resolLrtion dated 19th December 2012. Details of Ihe trustees who seNed thrOUghrt the yEar in¢Wed in the Reference and Administrative DetaiL8 onPage 1. Wlethods of appoinlmenl or elti0Th of Tnt$ The management of the Charity is the resp)nsibilty of the Trustees who are elethd and cc0Pted under the terns of the Artles OfASsLxtI0n. • Organlsational stw¢lure and de¢i$lon4naking poli¢les The S¢hwl 1$ prirtcipalty run by the PrOprlary Body made vp of the Trustees under the chairmanship of Daniela Shanly. Each of the members of the PrOprtary Boyy sit on the school's Advi50ry B¢)ard which oversees the work of the scho)l and helps se¢ure the schoofs aims. The Advisory Board comprises a team of people who all have a connection wth the School. The Adwsory Board meets regularly and keeps abreast of responsibilitses. It is strongty invc4ved in Strateg planning so that resoufces. bou) human and material are best used to meet the needs ol pupils. D Shanty takes overall responsJility fry the effectNp running of the Sch. ¥irj cbsely the Principal and Headteacher. Policies adopted for the induclion and training of Trustees All Trustees of Beech Lodge School are bCd by the schcmjl's charrty poh'cies whith indude.. Reserves Policy, Risk Register. Due Dilyrtce Policy, Confli¢t of Interest Polw, Safeguarding Policy, Volunteer Management and Environmentsl Poly. Induction and tiaining is given in4Se and via extemal specialists induding the Independenl Schools As50eiab"on (ISA) training. Familiarizatn the rotes of TNstees adhe$ lo the charities commission guidelines which include Trustees 6 main duties. • Pay poliw foT key management personnel The Trustees set the pay of the Headteacher. and the Trustees arKI the Headteacher sel the pay of other key management personnel. Plan$ for future perl¢ds We endeavour to continue to grw admissions to reach our capacity of 96 pupi. Ouf Development Plan has been rewsiled and we intend to grow our outreach prowsion and implement a 5choot holthy dub in future. We we plannirKJ to buikl a new Deson & Ttthndcsy buikJiTr3 whth we hope to be completed by Easter 2022. Page 5
BEECH LODGE SCHOOL LMITED (A company limited by guarnntee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 Members. liability Each member of the tharitable company undertakes to contrtute to the assets of the charitable cornpany in the event of rt being IUnd up while they are a member, or within one year after they se lo be a member. $lh amount as may be required. not exceeding £1. for the debts and liabilrties contra¢ted before they ceased to be member. Statement of Trustees. re5ponsibiliti¢s The Trustees are also the direelors d the Charrty for the purposes of ¢ompary lawl are responsible for preparing the Trustees, report and the financial $tstements in a¢¢ordance wth appli¢able law and United Kingdom Acccwnting StaThJards (United KId(n Generalty Accepted Accounting Practice). Company law requires the Tnjstees to prewe finan¢K11 ststements for each financial year. Under company law, the Trustees must not approve the financrdl $tstements unless they are satisfied that they gNe a true and fair view of the slate of affairs of the Group and the Charity and of their incoming resources and applicion of reSrCes, including thr inc¢Jme and expenditure, fry that Feritij. In preparing Ihese financial stement$. the Trustees are required to= select suitable accounting polic$ and then appty them ¢on$is1ent. observe the methods arKI princip d the Charrties SORP IFRS 102)." make judgements and acwnting estimates that are reasonab and prudent.. stale whether applicable UK A¢¢ounliry Standards IFRS 1021 have been folowed, subject to any merial departures disclosed and explained in the financial statements., prepare the financial statements on the going corKem basis Un55 it is inappropriate to presume that the Group continue in business. The Trnslees a responsible for keeping adequate accounting records that are sufficient to show and explain the Group and the charit$ transacthjns and disclose reasonable aecuracy al any ts.me the financial P051tion of the Group and the Charity and enab thern to ensure that the financial stslements comply with the Companies Act 2006. They are also Sponsible for safeguarding Ihe assets of the Group and the Charity and hence for tsking asOnable steps forthe prevention and detectm of fraLJ and other irregularities. Disclosurè of inforniati¢>n to auditors Each of the persons who are Tntstees al the ts.me vthen this Trustees, report is approved has confimed that." so far as that Trustee is aware. there is no relevanl audit Infom?ati of which the charitable group's audrtors are unaware, and Ihat Trustee ha5 taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevanl audrt infcrfmatiOA and to establish th the charitable group's auditors are aware of that infomiation. Page 6
IA •tyy*ny Ilfflll•rf by •v•r¥rf••) .TIW3TEES' REPORT (COIrnIIUED) Audll• Scanned with Camscanner
BEECH LODGE SCHOOL LIMITED (A company limit•d by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF BEECH LODGE SCHOOL LIMITED Oplnlon We have audiéed the financial statements of 8eech LLJge sch¢ Limrted (the 'parenl charitable companl) and ils subsidiaries (the 'group'l for the year ended 31 August 2021 lch comprise the Consolidated stslement of financial aCtilies, the Consolidated balance sheet, the Charity balan¢e sheet. the Consolidated ststemenl of cash flows and the lated notes. i1lUding a summary of sKJnirant accounting policies. The financial reporting fiamework that has been applied in their preparatKJn is appIable Lqw and United Kingdom Accounting Standards. induding Financial Reporb"ng Standard 102 The Financial Reporting Stsndard applicable in the UK and Repu1¢ of Ireland, (United Kingd Generalty A¢¢epted Accounting Practice). In our opinion the fift3r1 $lemwts: give 8 true and fair VTew of the state the Gmp's and of the parent charitable compatys affairs as al 31 August 2021 and of the Group's incoming resree5 and applicion of resour¢es. irtcluding Is in¢¢Yne and expendrture for the year then ended.. have been prcpedy prepared in acCd8 with United Kingdom Generally Accepted Accounting Practice.. and have been prepared in ac¢ordan¢e with the requirements of the Charities Act 2011. Basis for opinion We Conduded our audit in accordance W1h Intematicnal Standards on Auditing {UKI IISAS IUKII and applicable law. Our responsibilities under those standards are furfher described in the Auditors. responsibilities for the audit of the finaneial sLitements sectKJn of our report We are independent of the Group in a¢¢ordance wth the ethical requirements that are relevant lo our audit of the financk41 statements in the United Kingdom, includirrfJ the Financial Reporting CoUn1.S Ethical Standard. and we have fulfilled our other ethical responsibilrties in accordance with these requirements. We believe that the audit eviden¢e V have thtained is suffi¢ient and approwiate to provtde a basi5 f(Y our cynion. Concluslons relating to going ¢onum In auditing the fina181 statements. we have Cond that the Trustees. use of the going concern basis of a¢countirvJ in the preparatiM of the financ statements is appropriate. Based on the work we have perfonned. we have identffied material uncertainties relating lo events or conditions that. indiwdually or collectivety, may cast sunrficanl doubt on the Group's or the parent charitable companls abl lo Continue as a 90ing concem for a per of al least fyyelve months from when the financial Stalwnents are aulhorised for issue. Our resp)nsbilitie$ and the re5pcffjsliiies ol the Tntstees Tespect to going concem are den7)ed in the relevant se¢tws of this repo Other Infomiation The other Inf110n cOme$ Ihe infcKmal*)n wKILvJed in the Annual rwt cAher than the financial statements aThJ our Auditors, ret Ihereon. The Trustees are responsible for the other information contained within the Annual Teport. Our opinTron on the financial sLitemenls does not cx)ver the other information and. except lo the extent otherwise expl1t stsled in our report, we do not express any fonn of assuran conclusion there. Our responsibilrty 15 to re1 the other irtformation and. in doirKJ so, consider whether the other infomialion is materialty InnSiStenI wilh the financial slatements or our knowledge obtsined in the course of the audi¢ Of txhenvtse appears to be materially Mied. If identify such material inconsrstencies or Page 8
BEECH LODGE SCHOOL UMITED IA company Ilnilte(I by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF BEECH LODGE SCHOOL LIMITED {CONTINUED) apparent material mtsstatements, we are requi to determine whether this gives rise to a merial misslatemenl in the finan¢ial Ststemenls themsdves. If, based on the work we have perfomied, we ¢onclude that there is a material misstatemenl of this thr 1nf0nnat&. we are reqUId to rewt that fact. We have nothing to report this ard. Matters on whlch we aré raqulffed to report by •xceptlon We have nothing to report in SpeCt of the follwing matters vthere the Charities (Accounts and Reports) Regulations 2008 requires u$ to report to you rf. in our opinion.. the information given in the Trustees, reptyl is in¢on$tstont in any material respect with the financial statements., the parent charitable company has not kepl sufficient accounting records." or the parent Charitate company financial statements are ncl in agreement with the &counting records and relums.. or we have not e1Ved all the Infonnati eXpltkinS we require for our wdiL Other matter The financial Statements of Beech L9& S¢h¢NS Limited for the year ended 31 August 2021 were unaudited. Rgsponsibilities of tntstees As explained more fulty in the Trustees. resFKJnsTri )ilits ststement. the Ttee5 (who are also the directors of the charitsble company for the purposes of company i4w) are responsible for the preparation of the financial slalements and for being ts$r1ed that they give a true and fair vhww. and for such intemal control as the Trustees detemiine ts necessary to enable the preparation of financi statements that are free frcKn material misslalement. ether due to fraud or errcf. In preparing the finanoal statements. the Trustees are responsible for assessing the Group's and the parent charitsble companls abilty to conts.nue as a gTrg cOnrn, di5elosing. as applicable. matters lated lo going Concern and using the going concem basis of accounts.ng unless the Twstee5 either intend to liquthte the Group or the parent charitable company or to cease opermy. or have no realist allemative bul to do so. Auditots. rPOnsIbl11t1¢s forthe audlt of Ihe ffinan¢lal statements We have been appointed as auditor urrder sect#)n 151 of the Charities Aet 2011 and report in accordance with the Act and relevant ulatiOnS majje c having effect thereunder. Our. objectives are to obtain reasonable assurance aboul whether the ffinan¢ial ststements as a cle are free from materral misststement. whether due lo fraud or error. and to issue an Auditors. report that in¢ludes ¢)ur opinion. Reasonable assurance is a hKJh level of assurance. but is not a guarantee that an aLKIrt conducted in accordance wth ISAS IUIQ wll atrdys tjelecl a material misstatement when it exists. Misstatements can arise from fraud or error and are considered merial rf. individualty or in the aggregate. they could reasonabty be expected to influence the economK de¢isKMs of users taken on the basis of these financHI sL*emenl$. Page 9
8EECH.LODGE SCtrIOOL UMITED (A company. limited by guarante•) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF BEECH LODGE SCHOOL UMITEO ICONTINUEO} Irregulafities. includin9 fraud. are InStanS of nOrcoMpliance with Eaws and regulation$. We design pio¢edures in line with our reswnsibilrties. ouuined above. to detect Material mi5Statemenls in respect of iNegularith"e$, induding fraud. The extert to 7whith our PredUreS are capable of detecting irregularities, inclutJin9 fraud is detsiled belw. Enquiry of management around actual and potenlial IgatiOn and claims; Perfomiing audrt work over the risk of managemnt override of controls, induding testin9 of jtyjmal entries . and other adjustments for appropriateness. evaluing the business rationa of significant transactions outside the normal course of business and reviewing accounting esb"mates for bia5". Reviewing minutes of meetings of those Charged th goveman¢e'. Reviewing financial statements disclsoures and testing to SLVWting dentalN to assess ctrnpliance wrth applicable laws and regulali()s. Because of the inherent limitations of an audit. the is a risk that wll not detect all irregularities. including those leading lo a material misststwnent in the financial statements or norK0M1an with regulation. This risk increases the mrAe that compliance wrth a 184V or regulab"M is removed from the events and transactions refiecto<l in the financial statements. as we will be less likety to be¢one aware of $tanCeS of non-compliance. The risk is also greater regarding irregulariti.es occurring due lo fraud rather than error. as fraud involves intentiona nCe#1ment, forgery. collusim. omission or misrepresentatTrort. A further description of our responsibililie5 for the audit of the financk?I ststernents is located on the Financial Reporting Councifs websrte ai .frc.or .uklaLx1rtcKsres sibitslEs. This description fomis part of our ALKlitors' report. Us• of our report This report is mad• solely to Ihe Chwitable ¢ompanls members, as a ty, in a¢¢oidance th Part 4 of the Charities IAc¢ounls and Reporis) Regulations 2008_ Our audrt work has been undertaken so that we myht state lo the charitable companys members those matters we are required to state to them in an Auditors. feport antj for no other purpose. To the fullest exlent pemiitted by law. we do not a¢¢ept or assume responsibility to anyone other than the charitable comp¥hy and *$ members. as a body. for our audtt work. for thi$ report. or for the opinions we have fomied. BIANCA SILVA BA ACA DChA (Senior Statulory Auditor) for and on behalf of MHA Maclntyr& Hudson (SLthrtory Auditor) Chartered Accountants Maidenhead, Unrted Kingd¢Jn 30 August 2022 MHA Madne Hudson are eligible to acl as audi10 in tem of Sett 1212 of Ihe CompanY&s Act 2C(6. Pa9e 10
BEECH LODGE SCHOOL L.IMITED, IA companv.limil¢d'tyv quaranteel CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENOED 31 AUGUST 2021 Unrestrlcted funds 2021 Total funds 2021 Total funds 2020 Note Income from: Donations and le9ac Charitsble a¢b"v.es Olher trading xtivities Other in¢cme 85.373 1,872,383 18,855 3.888 2.316.105 12.884 2,250 2,316.105 12,884 Total income 2.331,239 2.331.239 1.980,499 Expeftditure on: Raising funds Charitsble activities 9.928 2.194.057 9.928 2.194.057 18,492 l. Y93, 182 Total expenditure 1203,985 2.203.985 1,811.674 Net movernent In lunds 127,254 127.2S4 168,825 ReconciliatioTr of funds". Total funds brought fop*Ard Net movement in funds 113.076 127.254 113.076 127.254 (55, 749) 168.825 Total funds carried fornard 240.330 240.330 113.OT6 The Consolidated statement of fwnckal activi w)cludes al gains and losses re¢cgnised in the year. The notes on page5 1S to 33 part of these financial ststements. P8ge11
BEECH LODGE SCHOOL LMIITED (A company Ilmlted by 9uarantee) REGISTERED NUMBER: 08168311 (England and Wal•sl CONSOLIDATED 8LANCE SHE AS AT 31 AUGUST 21121 2021 2020 N)le Fixtd ass•l$ IntangitrAe assets TarwJibl8 a$S$ts 12 13 7.749 148.817 8,972 135.375 156.566 144.347 Currenl assels DebtOTS Cash at bank and haThJ 15 961.535 626.153 294.831 1291.844 920.984 Creditors.. amounts falling due vittryn r year 16 11,208.0801 (952.255) Not cuTr•nt ags•ts 1 liabilit•s 83.764 (31,271) Total assets less curwont Ilablffti•s 113.076 Total nét asaèts 240.330 113,076 Charityfunds unrtrstn.cted furrfls 17 IY3.076 Totsl fvnds 240x1 113.076 fvntyal statemènts ha¥• twi wepare(l in a¢tAJrdarte with the ap[lable to entitie5 subject to the small Compan regimo. The fmrKial slateThwts vRre apwoved and aufviwj i5sug by thg Trustees signed on the behalf by.. LJRBarn Date.. 3010?17oZ The notes ge$ 15 to 33 fryrn pgrt ofthèse ffinarva slatements. Pag8 12
BEECH LCIDGE SCHOOL LIMITED (A company Ilmii•d by guarnnleel REGISTERED 14UMBER: 08168311 (England and Wal•s) AS AT 31 AUGUST 202t 2020 Flxed assets TangilAe assets Imièslments 13 14 124461 109.099 125.463 109.fol Dobtors Cash at bank and in haThJ 15 1.104159 299.912 769. 175 2T1,4r6 1AO4071 1,040,651 Cfedrt'. wnourts falling Mthin ¢x 16 (933,015) curr•nt assats 214S72 107,636 Total ass•ts less ¢ufrent Il•blUties 341.035 216,r3f Total n•t a8¢ts 341.035 216.737 Charlty fvnds Unrestrtctod funds 17 341.1)35 216.737 TrA•l fundg 341.035 216.737 The Trustees kcedge they reskvtsthlibss for c4)rn *ilh the requMierrts of ts Act with respg¢t to T.hè financial $tstements have iwi wepkny in aCc•an with the apF4Kth to enlilies subigct to the small c4)mnieS r•gwne. Thg financial ststements awoved aThJ aUthSed Issu8 bythe Tnjslees axl signed on the behdf ty. LJRBam¢$ Dats.. olo?1 Lot The note5 P8ge$ 1S to 33 ftym part ofllw fin8ncia staternents. Page 13
BEECH LO[E SCHOOL LIMITED {A wmpany lirnit¢d.by guaranl¢cl CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2021 2021 2020 Cash flows from oporaling activ•tle$ Net cash used in OperatY adiwbes 93.037 155. 712 Cash flows frorn investlng activities Purchase of tsngible fixed assets 157.559) (T& 684) Net cash used in investing activilies 157.559) {75,684) Cash flows from financlng aetivities Net cash provlded by financlng a¢lfvEtles Chang8 In cash and cash equivalents In the year Cash and cash equivalents at the begiMWWJ of the year 35.478 80.028 294.831 214,803 Cash and cash equivalents at the end of the year 330.309 294,831 The notes on pages 1 S to 33 ftym part ofthese fmancial statements PaJe 14
BEECH LODGE SCHOOL UMITED IA company limited by guarantée) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 Accounting policies 1.1 Basls of preparatlon of financlal ststèmenls The financial statements have been prepared in accordance with the Charities SORP IFRS 1021- Aecounling and Reports"ng by Charities.. Ststemenl of Recommended Practi¢e applicab to ¢hanties preparing their aurtts in acwrdance wth the Finan¢ial Reporb'ng Standard applicable in the UK and Reputsl of Ireland {FRS 1021. the Finanal Reportiro Standard applicable in the UK and Repubk of Ireland IFRS 102) WKI the Companies Ad 2006. Beech Lc#Jge School Limited meets Ihe definition of a Publ benefrt enlty under FRS 102. Assets and liabilrties are initialty recognised at historul cost or transaction value unless olherwse staled in the relevant accounting policy. The CJ)solidated ststement of financial a¢tivitie$ (SOFA) and Consolidated balance sheet consolidate the financial statements of the Group aThJ its subsidiary undertakiryJ. The resufts of the subsidiary are consdidaled on a line by line basis. The Group has taken a¢fvantage crf the exemFrtion a11cmd ur)der section 408 of the Companies Act 2C and has presented rts V•vn Statement of financial ath"¥itE$ in these financial statements. 1.2 Company ststus The Charrty is ¥ ¢ompany limited by gLwantee. The members of the oynpany are the Tru$lees named on page 1. In the event of the Charty being up. the liability rn respect of the guarantee is limbted to £1 per member ol the Cha. 1.3 Fund accounting General fLtnds are unrestrj.cled funds Vhich are avaikble for use at the discretion of the Trustees in furtherance of tr general obje¢tives of the Gro and which have not beert designaled for other purposes. 1.4 Golng concem The Trustees assess vmher the use of 9)iThJ nrn is appropriate, i.e. ether the are any materia uncertainties related to events or conditions that may cast signrfieanl doubt on the abilty of the charity lo continue as a going concem. The Twslees make this assessment in respect of a period of at least 12 months from the date of authorisation ofthe financial ststemenls. The ch*ty has net current assets of £215.572 at 31 August 2021. and together budgets for the followirwj pers. the trustees do ncl conSer there are any material uncertainties in respect of going concem. Page 15
BEECH LODGE'SCHOOL UMITED. IA company limTted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 Accounting policies Icontinuedl 1.5 In¢omè All income is recognised tsn t>e Charity has entitlement lo the hicome, it is Pr([e that the income wll be received arKI the amount of in¢ome receiwable can be measured reliabty. Donated services or faci&ties are reccgnised vhRn the Charity ha5 contrc4 over the item. any condition5 a550ciated the donated item have been mel, the recthpt of ecorK)mi¢ benefit from the use of the Charrty of the item is probable and that onoMiC benefrt can be measured reliabty. In accordance with the charit SORP (FRS 102), the generd volunteer time of the Friends is not re¢ognised and refer lo the Trustees. rewt for rn0 informat•)n about their contriblOn. On receipt. donated professwal seThKes and donated fa¢ilths are recognised on the basis of the value of the gift lo the Charity %thich is the amjnI the Charty would have been willing lo pay lo obtain services or facilth.es of equNalenl econom benefrt on the open market,. a corresponding amount is then rectr3nised expenditure in the period of receipt. Income tax recoverable in rehil•Jn to donations re¢eNed u)der Gift or deeds of covenant is recoJnised * the lime of the donation. Income tax recoverable in relaticb to investrnent tncome is rwnis&J at the lryne the investment income is re¢eivable. Other income is reCognd in the perK¥I n wthich l is receNable and to the exlent the grxJ5 have been prov¥Jed or on ¢Mipleknn ofthe servKe. 1.6 Exp•nditure Expenditure is recc#Jnised once there is a legal or ccfflstructive obligation to transfer economic benefit lo a third paty, it is probabfe that a transfer of economic benefits will be required in settlement and the amount of the oblb3ation can be measured lia)Iy. Expendrture is classified by 8Ctivity. The costs of exh activity are mwje up of the total of direct costs and shared costs. including supwrt costs involved in undertaking each a¢tivty. Direct costs attributable to a single a¢tNity are alkxated directly to that actiw. Chaniable xtmires and Govemance costs are costs incurred on the ChiVs cperalions. including support costs and costs relating to the govemance of the Charty apportioned to charitable acliwtEs. 1.7 Tangible fixed assets and depreciation Al assets costing mNe than £50 are ¢aprtalised. A revie4V impaifftient of a fixed asset 1$ carrth ¢Jrt rf eNEnts or charges in circumstances indvte that the carrying value of any fed asset may ncl be recoverab. Shortfa115 betsyeen the carrying value of fLxed assets arKI their recoverable amounts are recognised as impawmenls. Impairment losses are recognised in the Statemenl of financial ath"vi(s. Page 16
BEECH LODGE SCHOOL LIMITED IA company.limited'by.guar4n¢e¢). NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 A¢¢ountlng policies {¢ontinuedl 1.7 Tangible fixed assets and depreciation {continu¢d Tangible fixed assets are carried at cost. net of depreckalion and any provision for impairment. Depreciation is prowded 31 rates Ca1lated to write off the cost of fixed assets. kss their estimated resklual wdlue, over their expe¢ted useful lives on the folNirvJ bases.. Motor vehides Fixtures and frtiings CompLrter equipment 25% straight line - 20% - 33% straight ly 25% $traighl line 1.8 Investments Investments in sUbsrar$ are valued at Cost bess provBK)n for impaimient. 1.9 Inler¢st receivable Interest on funds held on deposrt is included when receivable and the amount ¢an be measured reliably by the Charity. this is nom)alty upon notificatK)n of the intet paid or payable by the Bank. 1.10 Operating l•ases Rentals paid under operating leases are charged to the Con$olJated ststement of financial aclivies on a straight line basis over the lease temi. Benefrts received and receNable as an incentive lo ssgn an operating lease are recognised on a straight line basis over the per¥)d until the date the rent is expected lo be adiusled to the prevailing market iale. 1.11 Debtors Trade and other debtcrfs are rectrjnised al the settlement tmount after any trade di$count offered. PPaYments a valued at the anount prepaKI net of aw trade diswunts due. 1.12Cash at bank and in hand Cash at bank and in hand includes cash and short-temi highty liquid investments with 8 short maturity of thr months or fr the de of acqUlon or opening of the deposit or Similar account. Page 17
BEECH LODGE SCHOOL UMITED IA Company limited by guaranle¢l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 A¢¢ounting policies (continued) 1.13 Llabilities and Provisions Liabilitie5 are recogni5ed when there ts an obh'gati¢)n at the Balance sheet date a$ 8 resutt of a past event, il is Probab that a transfer of e¢onomi¢ benefit wll be required in settlement. and the amoLtnt of the Settlement can be estimated reliabty. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount rt has received as advanced payments for the go5 CK service5 it rnust provKle. Prowsions are measured at the best estimate of the amounts required to setue the obligation. Where the effect of the time value of money is material. the promsion is based on the present value of those amounts. discounted al the pre4ax discount rate that reflects the risks specrfic to the h'akM"lrty. The UrNndirj of the dis¢ount 15 re¢ogThsed within interest payable and similar charges. 1.14 Flnan¢ial instrumMts The Group onty has financial assets and fal01 liabHities of a kind that qualfy as basic financial instruments. Bas finan¢ial instruments a inftially recognised at transaction value and subsequently measured at their settlement value wth the ex¢eptNJn of bank joans Vdh¢h are subsequenty measured at amortised ¢ost using the effectrve interest method. 1.15 Pensions The Group opefates a defined contnbution penston scheme and the PenSn charge represents the amounts payable by the GrJP to the fund in respect of the year. Rettrement benefrts to emplo of the S¢hcd are provthd ty the Twherfs Pension Scheme ITPS'I. This is a defined benefft scheme. contracted out of the State Earnir#Js-Related Pension Scheme {'SERPS'I. and the assets are held separalrf from those of the Charity. The TPS is an unfunded schwne and ¢ontribLrtion$ are cakulated so as lo spread the ¢osl of pensions over empl¢)yees' working lives the Charity in such a way that the pensN)n c05t is a subslanlially level percentage of current and fLrture pen5itsnable payoll. The contribution5 are determined by the Govemmenl Actuary on the basis of quinquennial valuations using a prospe¢tive benefit method. AS slated irb note 22. the TPS is a Mu. employer scheme and the Charty is unable to identify rts share of the undety"ThJ assets and liabilth.es of the Scheme on a eonsislent and reasonab basis. The TPS is therefore treated a5 a define contribution scheme and the Contribubons re¢wised as they are paid each year. 1.16 Intangible assets and amortlsation Intangible assets are capitalised and recognised when future eConniC benefits are probable and the eosl or walue of the asset can be measured reli8bly. Intsngible assets are initialty rects3niwl at ¢osL After recognition, under the $¢ model. intangible assets are measured * $t 5$ any xcumuled anlISatIon and any accumaled impaimienl losses. Pffje 18
BEECH LODGE SCHOOL LIMITED . IA.company limited.by guarai)ll NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 Accounting pollcles {contlnued} 1.16 Intanglble assets and afflortisallon {continued) Amorb"sation is provKled on intangible assels at rates cakulated to write off the Cost of ea¢h asset on straight-line ba515 ovei its expeded useful lrfe. . The estimated useful lTrRs e as folkyws.. Developmenl expendrture Trademarks - 10 years 10 years Crlti¢al accountlng estimates and ar•as of }udgem•nt Estimates and judgements are conts"nualty evaluated and are based on histor[ experience and other factors. induding exFeclatiCs of future events th are believed to be reasonable under the Circumstars. Critical accountry estimates and assumptions.. The Chanty makes estimates and assumptThs ¢on¢eming the fLrture. The reAting accounting estimates an¢J a55umptions wll. by defInOn, seld¢)m equal the relaled actual results. The estimates and assumptions that have a synificant risk of causing a material adjustment to the carrying amounts of assets and liabilities wthin the next financ1 year are discussed bekw. The Trustees do not wnsJer there to be any critul ntIng eslimale5 or judgmen15 Used in preparing the financral stslemerts. Income from donations and lega¢les Unrestricted funds 2021 Total funds 2021 Total funds 2020 Donations 85.373 Totsl 2020 85.373 85,373 Page 19
BEECH LODGE SCHOOL. UMITED . (A c.ornpany.'Ilmitod by gUarantl-- NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 Income from charllable activltles Unrestricted funds 2021 Total funds 2021 Total lunds 2020 F&s receivable 2.316.105 2.316.10S 1.872.383 Total 2020 7.872.383 1,872,383 Income from other trading activities Inme from non ¢harltable trading a¢tlvfties UnTestri¢ted funds 2021 Tot•1 fund$ 2021 Total funds 2020 Income fr¢Yn trading subsKJiary 12.884 12,884 18.855 Total 2020 18.855 18,855 Other Incomlng resources Unrestricted funds 2021 Total funds 2021 Total lunds 2020 Loan interest receNab 2.250 2.250 Tot812020 3.888 3.888 Page 20
BEECH LODGE SCHOOL uED, (A.company.limited by guarantee). NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 Anatysis of expendituve on charitable a¢tivit•e5 Summary by fund type Unrestri¢¢ed funds 2021 Totsl funds 2021 Tolal ftinds 2020 Prov&sTron of educali¢ 2,194,057 2,194.057 1, 793, 182 Total 2020 1.793. 182 .1.793. 182 Anatysis of èxpèndlture by activlll Activities undertaken dire¢tly 2021 Support ¢ost$ 2021 Total funds 2021 Total lunds 2020 Promsion of educalK 1.739.517 454.540 2,194.057 1, 793. 182 Total 2020 1.350,543 442.639 1. 793, 182 Page 21
BEECH L,ODGE SCHOOL LIMrfED IA colnpany limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 Analysls of expendlture by a¢tlvltles InIlnued> Analysis of dired costs Total funds 2021 Total lunds 2020 Wages and salaries Depreciation Staff devebwnenl Educational consultar Educational supplies Speech therapy and consuttancy 1.388.252 41.198 29.155 186.565 90.895 3.452 1,066.944 24,602 26. 785 116,681 iit.393 4.138 1.739,517 1.350.543 Anatysi5 of support costs Total fvnd$ 2021 Tolal unds 2020 Wages and sJaries Staff develownent Technokjgy costs Maintenance of premises and equipment Rent and rate$ Administrative supplies Le9 and professional Insurance Other support costs 103.986 .324 28.097 25290 212,574 27.616 16.920 13.109 18,624 111.960 10.998 13,871 26,693 190,495 26,645 19.991 8.979 33,007 454.$40 442,639 Pa9e 22
BEECH.LODGE SCHOOL L.IMITED' IA company limlted by.guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 Audltors. remuneratlon 2021 2020 Audit Non-aLtrJil services 12.750 3.775 16.525 14,888 10. Staff costs Group 2021 Group 2020 Charity 2021 Charity 2020 Wages and saaries Social secufty Sts Other pension costs 1.184,784 110,095 197.554 963.475 82.040 135. 745 1.184,S89 110.095 197.554 961. 119 82.040 135, 745 1.492.433 1, 181,260 1.492.238 1, 178,904 The average nLrnber of persons employed by Charity thjring the year was as fc4lows.' Group 2021 Gmup 2020 Chartty 2021 Charity 2020 No. Education 39 39 The number of employEes wtK)se employee benefrts (exduding employer pension costs) exceeded £60.000 was". Group 2021 No. Group 2020 No. In the £60.001- £70.OLKJ The key management personnel of the charitable company is the Headteacher. The total amount of employee benefrts (including ernployer natNJnal insurance and pension conlributi)n51 received by key management personnel for their services was £149.67712020.. £123,395}. Pag& 23
BEECH LODGE SCHOOL UMITED {A'¢ompany.limitod by guarantee), NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 11. Trustees. remuneration and expenses 2021 2020 L J R Barne$ Remuneration Pen$ton contributS paKI 45.083 11.821 35.748 9,318 During the year ended 31 August 2021. rKJ Twstee expenses haNe been in¢urr•J (2020- £NILJ. 12. Intangibl? assets Group Developmen t Trademarks Total Cost Al 1 September 2020 3.806 12.234 Al 31 Augusl 2021 8.428 3.806 12.234 Amortisation At 1 Seplembef 2020 Charge for the year 1248 1,014 380 3,262 1,223 At 31 August 2021 3.091 1.394 4.485 Net book value At 31 August 2021 5.337 2,412 7,749 At31 August 2020 6,180 2.792 8,972 Page 24
BEECH LODGE SCHOOL UMITED IA'¢ompany limilcd by guarantcel, NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 13. Tanglble fixed assets Group Motor Flxtures and vehi¢lès rittings Computer equlpment Total Cost or valuatlon At 1 September 2020 Additions 122,028 42.963 107,533 9.096 229.561 57.559 5.500 At 31 August 2021 s.soo 164.991 116.629 287.120 Oepre¢iation Al 1 September 2020 Charge for the year 53.841 18.813 94.186 44.117 24.273 Al 31 August 2021 1,031 64.618 72.654 138,303 Nel book value At 31 August 2021 4.469 100,373 43.975 148,817 At 31 August 2020 81.683 53.692 135,375 Page 25
BEECH LODGE SCHOOL. LIMITED. {A'company,limited by. guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 13. Tangible fixed assets {continuedl Charity otor Fixturès and vehi¢les fittings Computer equiprnent Total Cost or valuatlon At 1 Septembef 2020 Additsws 92.832 42.963 107.533 9.096 200,365 67.559 At 31 August 2021 s.soo 135.79S 116.629 257.924 Depreclatiorb At 1 September 2020 Charge forthe year 37,425 21.353 53,841 18.813 91,2S6 41.197 1.031 At 31 ALh3USt 2021 1.031 72.654 132.463 Net book value At 31 August 2021 4.469 77.017 43.975 125.461 At 31 August 2020 407 53.692 109,099 Page 26
BEECH LODGE SCHOOL LIMITED, {A company.limited by.guarantee). NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 . 14. Flxed asset investments Investments In subsidiary companie$ Charlty Cost or valuation At 1 September 2020 At 31 August 2021 Princlpal subsidiarles The followiThJ was a Subsidiary urKlertakiro clthe Charity.. Name Company number Holdlng Included in consolidation Beech Lodge Sch1 Ltmited 07863609 The financial results of the subsKliary for the JEar we: Name Income Expenditure Profit for the year Beech L(*Jge School Servtces Limrted 12,884 19.927) 2.957 Net assets {100.702) Page 27
BEECH LODGE SCHOOL UMITED {A Company limited by guarantee) NOTES TO THE FIMANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 15. Debtors Group 2021 GroL 2020 Charity 2021 Charity 2020 Due within one year Trade debtors Amounts 0¥d by group undertakings Other debtors Prepayments and a¢¢rued income Tax recoverable 935.721 60&661 932.180 147.756 9.063 16.160 606,467 t45,6 9.063 16.160 591 17.256 236 17.202 961.S35 626. 153 1.105,159 769, 175 16. Creditots: Arnounts falling due within one year Group 2021 Charity 2021 Ch8rity 2020 2020 Trade credrtors Olher taxation and sc¢kal security other creditors Accruals and deferred inc(me 76.355 59,835 43.687 74.57T 33.044 30,138 1.051.740 58,747 43.687 57.546 773,035 31.277 1.067.404 790,048 1.208.080 952.255 1.189.499 933.015 Group 2021 Group 2020 Charfty 2021 Charity 2020 Deferred income at beginning of peric*J Resources delerred during the penod Amounts released fr(yn previous perp)ds 759,836 649.466 759,836 1.038.541 759,836 1.038.541 1759.836) {649,466) {759.836) 649,466 759,836 (649.466) 1.038.541 759.836 1.038.541 759.836 Oefefred ine ¥ises as a result of tt18 Charty invoic9 temi fee$ in advante. Page 28
BEECH LODGE SCHOOL UMITED {A'¢ompany limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 17. Statement of funds Statement of funds- ¢urrenty•ar Balance at 1 September 2020 Balance at 31 Auyust 2021 Income Expendfture Unrestricted fund$ Reserves Tratlirw subsidiary 216.737 (103.661) 2.318.357 (2.194.059) 341.035 12.882 19.9261 1100.70S) 113.076 2.331.239 {2.203.9851 240,330 Statement of funds- prior year Balance al I S8ptemt*i 2019 Balance at 31 Augusl 2020 Incm Expenditur Vnr•strlcted funds Reserves Trading subsidiary 48,275 {104.024) 1.961.644 (1.793. 182) 216,737 18.855 (18.492) (103,661) 155. 749) 7.980,499 (1.811.6T4J 173,076 Analy$i$ of net assets between funds Analysis ot net assets between funds- current year Vnrnstrlcted funds 2021 Total funds 2021 Tangible lixed assets Intangible fixed assets Current a$set$ Creditors due wthin cffie Far 148,817 148.817 7.749 7.749 1.291,844 1.291.844 (1.208.080) 11.208.080) Total 240.330 240,330 Page 29
BEECH LODGE SCHOOL L'IMITED .- {A'company.limited by guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 18. Analy$l$ of net assots beknn funds (Continued) Anatysis of net ass•ts between fund$- prior year Unfvstncted funds 2020 Tol81 fvnds 2020 Tangible fixed assets Intangible fixed assets Current assets Credrtor5 due within one year 13&375 8,9T2 920.984 (952.255) 135,375 8.9T2 920,984 (952.255) Total 113,076 113.076 19. Reconciliation ot net movement in funds to net cash Ilow from operatlng actlvitse5 Group 2021 Group 2020 Net income for the year las per Ststement of Fiwnci81 kbvit*s) 127.254 168.825 Adjustments for. Depreciation charges Amortisation charges Increase in debtors Increase in credrto 44.117 1.224 1335.382) 255.824 27,219 7.223 {123,827J 82.272 Net cash provSded by operating activities 93.037 155, 712 20. Analysls of cash and cash equivalents Group 2021 Gnwp 2020 Cash in hand 330.309 294.831 Total cash and cash equivabnts 330.309 294,831 Page 30
BEECH LODGE SCHOOL UMITED {A Lviiiwiiy liiiiilvd by.yUiifdiil¥e) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 21. Analysls of changos In net dèbl At1 Septernber At31 2020 Cash flows August 2021 Cash at and in ha1 294.831 35A78 330.309 294,831 35.478 330.309 Pension commitments Teachers. Penslon Scheme Introdu¢tion The Teachers. Pension Scheme (TPS or xheme) ts a ststulory. unfunded, defined benefit ctcupational s¢heme. govemed by the Tea¢hers' Pension$ Regufation$ 2010 (as amended). and the Teachers. Pension Scheme Regulal¥)ns 2014 las amended). These regulations apply lo teachers in schools and other educational estsblishmenls. includiNJ xademies, in England and Wales that are maintained by local authorities. In addition. tea¢hers in mary independenl and volLFntary-aided schools and teachers and lecturers in S(e estabh'shmenls of further and hyher edu&ition may be eligible for mernbership. Membefship is autMiati¢ for fulmime teachers and lectLers and. from 1 January 2007. automatic loo for teachers and le¢turers in part-time eMpent folknving appointrnenl or a change of contract. Teachers and lecturers are able to opt out ol the TPS. Th• T•achers' P¢n$ion budgeting and valualion account though members rn3y be employed by var)us bcdies, their rth"rwnent 8nd other pensKin benefits are set OLrt in regulations made under the Superaftnuation Act11972) and Public Service Pens*)ns Act120131 and are paid by public funds prwded by Partiament. The TPS is an unfunded scheme and mernber5 eonlribule on a 'pay as you go 'basis contributions frcrfn memLws. along th those made by employers, are credrted to the EXtheqr under arr8ngemeTts governed bythe above Acts. The Teachers. PenSnS ReguLaticS 2010 require an annual account, the Teachers, Pension Bgeting and Valuation Account, to be kept of reIpts and expenditure {includin9 the cost of pension inereasesl. From 1 April 2001, the A¢¢ount has been credrted wth a real rale of return, which is equiv81ent to assuming that the bale in the AcCt is in¥E51ed in notional lnvestrnts that produce that real rate of return. Valuation of Teachers. Penslon Scheme As a result of the Latest scheme valuation empknyer contributions were in¢rea5ed in September 2019 from a rate of 16.4% to 23.6%. Employers a150 pay a charge equivalent to 0.08% of pensitsnable salary costs to cover MinIStration expenses. The next valuation is expected to take effe¢t in 2023. A ¢opy of the latest valuation repjrt can be found by fc1knn9 this link to the Teachers. Pensp)n Scheme websf(e https..Ifv•.leachetspensions.co.UklneMphyernOl91o4ne8cheTWensiOnS-ValU?I1On- report.aspx. Page 31
BEECH LODGE SCHOOL UMrrED (A company limited.by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 22. Pension commitments {continuedl Scheme changes In December 2018, the Court of Appeal held that tranS"Onal protection prowsions contained in the reformed judicial and firefvjhler penSn 5themes. introduced a5 part of Publ se pensKJn reforms in 2015. gave fise to di1 age discriminatton and were therefore untavhul. The sUpme Court, in a decision made in June 2019. reie¢ted the Govemment's applution for perniission to appeal the Court of Appeal's ruling and subsequently referred the se to an Employment Tribunal to determine a remedy which will need to be offered to those members of the tV4D schemes th We subject of the age discrimination. Since then. claims have also been lodged against the main publi¢ service schemes including Ihe TPS. The Department has conceded those in line wth the rest of the government. In July 2020 HM Treasury launched a 12-week public consuhation whKh will pThide edence to support the delivery of an appropriate remedy for the affected s¢hemes, IlUding TPS. A final remedy will be deteIned once the results of the consuttation are established. In Decembei 2019. a further legal chaiferKJe was made against the TPS relating to an identified equalities issue whereby male survivors of opposil&sex marriages and civil partnerships a treated less favourab than survivors in same-sex marriages and ciwl partnerships. The Secretsry of Slate for Educatton agreed not lo defend the case. In June 2020. the Employment Tribvnal reed its findings in respect of the cFaimant. DIE is currenty vnrkiThJ lo eslabltsh al changes are reSSary lo address this discrimination. Any impact of these events will be tsken into account when the next Scheme valuabon is implemented. This is schedUd to be implemented in April 2023. based on April 2020 dats. Operating lease commltments At 31 August 2021 the Group and the Charrty had cornmitments to make fvture minimum lease payments under non-canceltable I)peil leases as foll5. Group 2021 Group 2020 Charity 2021 Ch8rily 2020 Not later 1 year Later than 1 year and not later than 5 years 201.403 429.( 203,834 629.917 201A03 429,0(M) 203,834 629.917 630.403 833.751 630.403 833.751 Page 32
BEECH LODGE SCHOOL. LIMITED {A"company lirnited by.guarniit&el.- NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 24. Related paty transactions The Shanty Fc4mdalion donated £Nil (2020.. £80.000) to Be&h Lodge School during the year. M Shan is a trustee of the Shanly Foundation arKI is husband of D Szmigielska Shly. M Shanly is a director of Shanty Homes Limited to wl)ich Beech Lcdge School Limited paid £967 {2020". £Nil) in Ihe year for maintenance and other Costs. At the balance sheet date £79812020.. £Nil) was owed lo Shanty H¢)mes Limrf(ed. M Shanty is a Dirttlor of Beech Lodge Properties Limrted to which Beech Lodge School Limited paid £198.000 12020". £162.432) in the year for rentsl of property and £13,163 in the curienl year for insurance and ¢Xher expenses. At the BaL4n¢e Sheet date £1,043 12020". £33,0001 was tmd to Bee¢h Lodge Pmperties Limited. R Best received £7SO {2020.. £1250) for Ed"(ThI Ps>thc4ogy Se therapy in the year. There were no other dtsclosable related party transxtthis. Page 33