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 $tat•ments 15-33 BEECH,LODGE SCHOOL LIMITED IA.¢.ompany limitèd by.guaranteel. REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES ANO ADVISERS FOR THE YEAR ENDED 31 AUGUST 2021 Trustees L J R Barnes R K Best IresKJned 5 Juty 20221 D Szmigie15ka Shanty S A Szmuie15ki {apwnted S ju￿ 20221 Company registered number 08168311 (Er*nd and Wales) Charlty regtstored number 1151323 Reglstered office Sorbon 24-26 A￿eSbury End Beacon5f*kl Bu¢kinghamshire HP9 1LW Independent auditors MFiA Ma¢lntyre Hu¢tson Building 4 FoundatM)n Park Roxborough Way Maidenheal SL6 3UD Bank•rs Bardays Bank Pl¢ 34 Market Square Awesbury Buckinghamshtre HP20 1TT Principal Operating Office Slubbings Lane Henley Road Maidenhead Berkshire SL66QL Page 1 BEECH LODGE SCHOOL UMITED (A Company limited by guarantso) TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2021 The Iruslees are pleased to present their annual trustees. reFQrt together with the financial stalemenls of the charity for the ye8r ending 31 August 2021 are also p￿pared lo meet the requirements for a directors. report and accourtts for Companies Acl PLwposes. The r￿n¢la1 sL*emenls eomrAy wth the Ch*thes Act 2011. the Compan*s Act 20(￿. the Memorandum and Article5 of Association, and Accounting and Repo￿n9 by Charities." Statement of Recommended pr￿lI applicable to charities preparing their a¢￿Ints in ac￿rdance vlith the Financial ReF)Orting Standard applicable in the UK Republ￿ of Ireland {FRS 102). Objectives and activities • Objectives and airns The principal ci)jecl of the Charity 15 to advance to educati￿ of the pupiL* * Beech Lodge S¢hool by providing and assisting in the prows*)n of Speuah'sed S¢h(￿lIng and edU￿tiOn for children btheen 7 and 18 years of age. Thefft have been no ¢hange$ the objectives since the last annual rwrt. • Objectives. Strategies. and Athities In setting obje¢ttves and planning for aclivit*s. Ihe Tr￿tee$ have given due ¢on$ideration to gen8ral gui¢Janc& published by the Charity ComMiss￿n 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 grth￿h mindset and provKle oppthtunitses for athievement, e￿bliNd 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, qUalIf￿allonS 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 SP￿1011$1 teaching. Sch￿ works wth Local Educati￿ ALrthorilies who fund and place pupils at the Xh￿1. P¥Je 2 BEECH LODGE SCHOOL UMITED. (A Company limTted by guarantee) TRUSTEES. REPORT {CONTINUEOI FOR THE YEAR ENDED 31 AUGUST 2021 Achlevements and perfomiance • Main achievements of the Charity Admlsslons Pupil numbers were up •aain despite the thallenges of the Covid 19 pandemic. We had 18 new starters in September 2020 bringing our pupil numbers on roll up to 67 pupils. Appli&￿￿nS for place5 ci>nlinued throughout the year and predictions for 2021 intake remain high vthh a forecast in ex¢ess of 80 pupiLs on roll. ademic and vc¢atronal qualifK*ion ￿Ults have been gcK#J desyle perths of k¢kd¢)wn and yncertainty. There is no ¢Joubl that the ￿tuffl to 'nomial' lrfe after k￿kdrA￿ has been challengiThJ on pupil and staff mental health which has been identified and addressed. Covid-19 We returned to schocl after a summer of rewe from the constraints wnwsed upon us during the Covid19 pandemie. However new measures continued lo be in place in line wrth government ￿￿llements including installation of furthei hand sanrtising dispensers. masks. S¢xkAI distan¢ing and updates to our Covtd poI￿leS including.. Post Pandem￿ Return to Schwl Plan. Coronawtus Prevention and Control Plan. Essential Visitor Protocol, Heatth and Safety Covhl Addendum. Cowd 19 Annex lo Child Protection Polw, Risk Assessment Return to School plan. Change5 to drop off and pick up b.mes were implemented lo ensu￿ social distsn¢ing and where possible extemal meeting$ 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' ed￿tion desprte the new regime and subsequent kKkdown. Whe it was necessary to resort lo Teams, pupi15 and staff managed the t￿￿￿ltiOn adrnirab￿. In November and Oecember 2020 and over the Xmas pericd we opened our"APprenti￿Shop. in Maidenhead town centre lo pro¥Ade wort exper￿nce 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 $08p sets". All proceeds raised were don*ed to Covid-19 ¢harities via the Shanly Fc4Jndation. It was a great success and rt is intended that we will continue to have a 'pop-up' town eenlre shop thanks lo our links wlh the Shanty Group retail diwsion who gffted the use of it to us. We were delighted at the impact that it had on our pupils who enjoyed V￿rkIng there and mary of our parents vc4unleered their time in the shop lo he* raise the ctrwitable furKIs. Our new ￿￿nCe laF)oratory was ecrfnpleted with fir51 class f￿lIrt￿ to enable our PLtpils to take science GCSE and equNalent qualrfications. A new Science texher took up post in January 2021. We also invested heavily in new touch￿reenS in most of the ¢Lassrooms and hKJlbend computers for the Medra classrcom. In the summer lenn we agreed a Tenancy at Wdl for the Hurkny rrrfersmle canoe centre from the L￿al Authority RBWM. This provides our pupils wrth bxal and exclusive access to waler4kised actiwtie5 includirKJ canoein9, rowing and paddleboarding. Member5 of staff have been fulty trained as instructors and we look forward lo adding these aclivit*s lo our provision. Page 3 BEECH LODGE SCHOOL. UMITED {A'¢ompany llin1t￿ by guarnnlee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021 Achlevements and perfonnance (continued) July 2021 saw the opening of Wfclub OUT new after-school and hol*Jay club. As it was our launch, we decided to offer it up only to Beech Lodge School pupils, a view to extending and opening il up to local children wlh SEN in luture. Flnancial review • Going concern After making appropriate enqLriries. the bo¥d of trustees has a reasonable expe¢lation that the charitable company has adequate rest￿rCeS to continue in oper*ional exi$ten¢e for the foreseeabfe fvIu￿. For this reason, it continues to adopt the goin9-cor￿effl 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 c￿nm11meTrts 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 4propri*e ackns hove been put in p*e 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 L￿al Authorities are guaranteed and they have been generalty efficient in Pa￿n9 invoices and this makes up almost all of OUT pupII5. There is no immediate effect on our financial sustainability. I￿￿ver L￿al Authority bud9els may be cut in future arKI that may need to be refi￿ted in a reduction in fees g￿n9 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)r*ed 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 thrOUgh￿rt the yEar in¢Wed in the Reference and Administrative DetaiL8 onPage 1. Wlethods of appoinlmenl or el￿ti0Th of Tn￿t￿$ The management of the Charity is the resp)nsibilty of the Trustees who are elethd and cc￿0Pted under the terns of the Artles OfASsLx￿tI0n. • Organlsational stw¢lure and de¢i$lon4naking poli¢les The S¢hwl 1$ prirtcipalty run by the PrOpr￿lary Body made vp of the Trustees under the chairmanship of Daniela Shanly. Each of the members of the PrOpr￿tary 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 respons*Jility fry the effectNp running of the Sch￿￿. ¥￿ir￿j cbsely the Principal and Headteacher. Policies adopted for the induclion and training of Trustees All Trustees of Beech Lodge School are bC￿d 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 in4￿￿Se and via extemal specialists induding the Independenl Schools As50eiab"on (ISA) training. Familiarizat￿n 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 contrt*ute to the assets of the charitable cornpany in the event of rt being I￿Und up while they are a member, or within one year after they ￿se lo be a member. $l￿h 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 KI￿d(￿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 $tstements unless they are satisfied that they gNe a true and fair view of the slate of affairs of the Group and the Charity and of their incoming resources and applic*ion of reS￿rCes, including th￿r inc¢Jme and expenditure, fry that Feritij. In preparing Ihese financial st*ement$. the Trustees are required to= select suitable accounting polic￿$ and then appty them ¢on$is1ent￿. observe the methods arKI princip￿ d the Charrties SORP IFRS 102)." make judgements and acwnting estimates that are reasonab￿ and prudent.. stale whether applicable UK A¢¢ounliry Standards IFRS 1021 have been folowed, subject to any m*erial departures disclosed and explained in the financial statements., prepare the financial statements on the going corKem basis Un￿55 it is inappropriate to presume that the Group continue in business. The Trnslees a￿ responsible for keeping adequate accounting records that are sufficient to show and explain the Group and the charit￿$ 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 fraL*J 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 LL*Jge 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 aCti￿lies, the Consolidated balance sheet, the Charity balan¢e sheet. the Consolidated ststemenl of cash flows and the ￿lated notes. i1￿lUding a summary of sKJnir￿ant accounting policies. The financial reporting fiamework that has been applied in their preparatKJn is appI￿able Lqw and United Kingdom Accounting Standards. induding Financial Reporb"ng Standard 102 The Financial Reporting Stsndard applicable in the UK and Repu￿1¢ of Ireland, (United Kingd￿ Generalty A¢¢epted Accounting Practice). In our opinion the fift3r￿1 $l*emwts: give 8 true and fair VTew of the state ￿ the Gmp's and of the parent charitable compatys affairs as al 31 August 2021 and of the Group's incoming res￿ree5 and applic*ion of resour¢es. irtcluding Is in¢¢Yne and expendrture for the year then ended.. have been prcpedy prepared in acC￿d8￿ with United Kingdom Generally Accepted Accounting Practice.. and have been prepared in ac¢ordan¢e with the requirements of the Charities Act 2011. Basis for opinion We Conduded our audit in accordance W￿1h Intematicnal Standards on Auditing {UKI IISAS IUKII and applicable law. Our responsibilities under those standards are furfher described in the Auditors. responsibilities for the audit of the finaneial sLitements sectKJn of our report We are independent of the Group in a¢¢ordance wth the ethical requirements that are relevant lo our audit of the financk41 statements in the United Kingdom, includirrfJ the Financial Reporting CoUn￿1.S Ethical Standard. and we have fulfilled our other ethical responsibilrties in accordance with these requirements. We believe that the audit eviden¢e V￿ have thtained is suffi¢ient and approwiate to provtde a basi5 f(Y our cynion. Concluslons relating to going ¢onum In auditing the fina￿181 statements. we have Cond￿ that the Trustees. use of the going concern basis of a¢countirvJ in the preparatiM of the financ￿￿ statements is appropriate. Based on the work we have perfonned. we have identffied material uncertainties relating lo events or conditions that. indiwdually or collectivety, may cast sunrficanl doubt on the Group's or the parent charitable companls abl￿ lo Continue as a 90ing concem for a per￿ of al least fyyelve months from when the financial Stalwnents are aulhorised for issue. Our resp)nsbilitie$ and the re5pcffjs*liiies ol the Tntstees Tespect to going concem are de￿n7)ed in the relevant se¢tws of this repo Other Infomiation The other Inf￿1￿10n cOm￿e$ Ihe infcKmal*)n wKILvJed in the Annual rwt cAher than the financial statements aThJ our Auditors, re￿t 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 expl￿1t￿ stsled in our report, we do not express any fonn of assuran conclusion there￿. Our responsibilrty 15 to re￿1 the other irtformation and. in doirKJ so, consider whether the other infomialion is materialty In￿nSiStenI wilh the financial slatements or our knowledge obtsined in the course of the audi¢ Of txhenvtse appears to be materially Mi￿￿ed. 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 m*erial 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 reqUI￿d 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$tstont in any material respect with the financial statements., the parent charitable company has not kepl sufficient accounting records." or the parent Charitat￿e company financial statements are ncl in agreement with the &counting records and relums.. or we have not ￿e1Ved all the Infonnati￿ eXpl*￿tkinS we require for our wdiL Other matter The financial Statements of Beech L￿9& S¢h¢NS Limited for the year ended 31 August 2021 were unaudited. Rgsponsibilities of tntstees As explained more fulty in the Trustees. resFKJnsTri )ilit*s ststement. the T￿￿tee5 (who are also the directors of the charitsble company for the purposes of company i4w) are responsible for the preparation of the financial slalements and for being ￿ts$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 g￿Trg cOn￿rn, 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 oper*my￿. or have no realist￿ allemative bul to do so. Auditots. r￿POnsIbl11t1¢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 m*erial 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$. Page 9 8EECH.LODGE SCtrIOOL UMITED (A company. limited by guarante•) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF BEECH LODGE SCHOOL UMITEO ICONTINUEO} Irregulafities. includin9 fraud. are InStan￿S of nOr￿coMpliance with Eaws and regulation$. 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 Pr￿edUreS are capable of detecting irregularities, inclutJin9 fraud is detsiled belw. Enquiry of management around actual and potenlial I￿gatiOn and claims; Perfomiing audrt work over the risk of managemnt override of controls, induding testin9 of jtyjmal entries . and other adjustments for appropriateness. evalu*ing 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 d￿￿￿ental￿N 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 norK0M￿1an￿ with regulation. This risk increases the mrAe that compliance wrth a 184V or regulab"M is removed from the events and transactions refiectoe 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 contrib￿lOn. 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 am￿jnI 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 relatic￿b to investrnent tncome is rwnis&J at the lryne the investment income is re¢eivable. Other income is reCogn￿d in the perK¥I n wthich l is receNable and to the exlent the grx*J5 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 Ch*iVs 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 f￿ed 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 Ca1￿lated 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% $traighl line 1.8 Investments Investments in sUbs￿rar￿$ 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 inte￿t paid or payable by the Bank. 1.10 Operating l•ases Rentals paid under operating leases are charged to the Con$ol*Jated ststement of financial acliv*ies on a straight line basis over the lease temi. Benefrts received and receNable as an incentive lo ssgn an operating lease are recognised on a straight line basis over the per¥)d until the date the rent is expected lo be adiusled to the prevailing market iale. 1.11 Debtors Trade and other debtcrfs are rectrjnised al the settlement tmount after any trade di$count offered. P￿PaYments 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 d*e of acqU￿l￿on 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 go￿￿5 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 UrN￿ndir￿j 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 f￿a￿l01 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 PenS￿n charge represents the amounts payable by the Gr￿JP 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 separal*rf 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 eCon￿niC 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 xcumul*ed an￿lISatIon and any accum￿aled impaimienl losses. Pffje 18 BEECH LODGE SCHOOL LIMITED . IA.company limited.by guarai)l**l 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 exFeclatiC￿s of future events th* are believed to be reasonable under the Circumstar￿s. Critical accountry estimates and assumptions.. The Chanty makes estimates and assumptThs ¢on¢eming the fLrture. The re*Ating accounting estimates an¢J a55umptions wll. by defIn￿On, 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 financ￿1 year are discussed bekw. The Trustees do not wns*Jer 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 gUarant￿l-- 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 In￿me 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 u￿￿ED, (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 I￿nIlnued> 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$ton contribut￿S paKI 45.083 11.821 35.748 9,318 During the year ended 31 August 2021. rKJ Twstee expenses haNe been in¢urr•J (2020- £NILJ. 12. Intangibl? assets Group Developmen t Trademarks Total Cost Al 1 September 2020 3.806 12.234 Al 31 Augusl 2021 8.428 3.806 12.234 Amortisation At 1 Seplembef 2020 Charge for the year 1248 1,014 380 3,262 1,223 At 31 August 2021 3.091 1.394 4.485 Net book value At 31 August 2021 5.337 2,412 7,749 At31 August 2020 6,180 2.792 8,972 Page 24 BEECH LODGE SCHOOL UMITED IA'¢ompany limilcd by guarantcel, NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 13. Tanglble fixed assets Group Motor Flxtures and vehi¢lès rittings Computer equlpment Total Cost or valuatlon At 1 September 2020 Additions 122,028 42.963 107,533 9.096 229.561 57.559 5.500 At 31 August 2021 s.soo 164.991 116.629 287.120 Oepre¢iation Al 1 September 2020 Charge for the year 53.841 18.813 94.186 44.117 24.273 Al 31 August 2021 1,031 64.618 72.654 138,303 Nel book value At 31 August 2021 4.469 100,373 43.975 148,817 At 31 August 2020 81.683 53.692 135,375 Page 25 BEECH LODGE SCHOOL. LIMITED. {A'company,limited by. guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 13. Tangible fixed assets {continuedl Charity otor Fixturès and vehi¢les fittings Computer equiprnent Total Cost or valuatlon At 1 Septembef 2020 Additsws 92.832 42.963 107.533 9.096 200,365 67.559 At 31 August 2021 s.soo 135.79S 116.629 257.924 Depreclatiorb At 1 September 2020 Charge forthe year 37,425 21.353 53,841 18.813 91,2S6 41.197 1.031 At 31 ALh3USt 2021 1.031 72.654 132.463 Net book value At 31 August 2021 4.469 77.017 43.975 125.461 At 31 August 2020 407 53.692 109,099 Page 26 BEECH LODGE SCHOOL LIMITED, {A company.limited by.guarantee). NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 . 14. Flxed asset investments Investments In subsidiary companie$ 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 Sch￿1 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 in￿e ¥ises as a result of tt18 Charty invoic￿9 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$- prior year Unfvstncted funds 2020 Tol81 fvnds 2020 Tangible fixed assets Intangible fixed assets Current assets Credrtor5 due within one year 13&375 8,9T2 920.984 (952.255) 135,375 8.9T2 920,984 (952.255) Total 113,076 113.076 19. Reconciliation ot net movement in funds to net cash Ilow from operatlng actlvitse5 Group 2021 Group 2020 Net income for the year las per Ststement of Fiwnci81 kbvit*s) 127.254 168.825 Adjustments for. Depreciation charges Amortisation charges Increase in debtors Increase in credrto 44.117 1.224 1335.382) 255.824 27,219 7.223 {123,827J 82.272 Net cash provSded by operating activities 93.037 155, 712 20. Analysls of cash and cash equivalents Group 2021 Gnwp 2020 Cash in hand 330.309 294.831 Total cash and cash equivabnts 330.309 294,831 Page 30 BEECH LODGE SCHOOL UMITED {A Lviiiwiiy liiiiilvd by.yUiifdiil¥e) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 21. Analysls of changos In net dèbl At1 Septernber At31 2020 Cash flows August 2021 Cash at and in ha￿1 294.831 35A78 330.309 294,831 35.478 330.309 Pension commitments Teachers. Penslon Scheme Introdu¢tion The Teachers. Pension Scheme (TPS or xheme) ts a ststulory. unfunded, defined benefit ctcupational s¢heme. govemed by the Tea¢hers' Pension$ 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 lectL*ers and. from 1 January 2007. automatic loo for teachers and le¢turers in part-time eMp￿ent 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 EXtheq￿r under arr8ngemeTts governed bythe above Acts. The Teachers. PenS￿nS ReguLatic￿S 2010 require an annual account, the Teachers, Pension B￿￿geting and Valuation Account, to be kept of r￿eIpts 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 bal￿￿e in the AcC￿￿t is in¥E51ed in notional lnvestrn￿ts 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 fc1kn￿n9 this link to the Teachers. Pensp)n Scheme websf(e https..Ifv•￿￿.leachetspensions.co.Ukln￿￿eMphyern￿Ol91o4ne8cheTWensiOnS-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 penS￿n 5themes. introduced a5 part of Publ￿ se￿￿ pensKJn reforms in 2015. gave fise to di￿1 age discriminatton and were therefore untavhul. The sUp￿me 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 e￿dence to support the delivery of an appropriate remedy for the affected s¢hemes, I￿lUding TPS. A final remedy will be dete￿Ined 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 re￿￿ed its findings in respect of the cFaimant. DIE is currenty vnrkiThJ lo eslabltsh ￿al changes are r￿eSSary lo address this discrimination. Any impact of these events will be tsken into account when the next Scheme valuabon is implemented. This is schedU￿d 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)pe￿il￿￿ leases as foll￿5. 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 Sh￿ly. 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