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2020-08-31-accounts

Charity Registration No. 1175243

Company Registration No. 10539109 (England and Wales)

THE SOUTHOVER PARTNERSHIP

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2020

THE SOUTHOVER PARTNERSHIP

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees C Frankl
J March
M Nemko
R Abrahams
J Kay
J Moore
Charity number 1175243
Company number 10539109
Registered office Kingsbury Manor
288 Kingsbury Road
Roe Green Park
London
NW9 9HA
Website www.southoverpartnership.com
PROFESSIONAL ADVISERS
Auditor Warner Wilde Limited
4 Marigold Drive
Bisley
Woking
Surrey
GU24 9SF
Bankers Lloyds Bank Plc
39 Threadneedle Street
London
EC2R 8AU
Solicitors Martin Shepherd Solicitors LLP
753 High Road
North Finchley
London
N12 8LG

(Appointed 11 February 2020) (Appointed 22 May 2020) (Appointed 22 May 2020)

THE SOUTHOVER PARTNERSHIP

CONTENTS

Page
Trustees' report 1 - 12
Statement of trustees' responsibilities 13
Independent auditor's report 14 - 16
Statement of financial activities 17
Balance sheet 18
Statement of cash flows 19
Notes to the financial statements 20 - 28

Message from the Chair, Carol Frankl

I am so proud of the way that Southover school, outreach services and the central support team have weathered the pandemic up until now. Staff have relentlessly focused on our children, young people and their families to ensure their education would be a consistent and positive experience through these devastating times.

We began the year with ambitious plans to build on the restructure of the previous year. Working with the executive headteacher, Dayo Okunlola, and his senior team, we initiated an ambitious programme of strategic development to meet the needs of more young people in London. These plans were temporarily overtaken by COVID-19 when we adapted our education provision to providing 100% of teaching and learning online for all our children and young people, all within a period of 2 weeks over the Easter holidays, 2020. We emerged into a virtual world where teachers and support staff anchored their pupils and families through regular contact and inspirational lessons using Microsoft Teams; achieving an average of 86% engagement. In June, we were able to see our students in person again. An unexpected consequence of this is our ‘blended learning’ offer will remain a staple of our provision into the future.

In the face of these challenges, the outcomes for our students at the end of the academic year were brilliant. The Trustees would like to congratulate the students again and thank all staff for maintaining such a high engagement in online learning to achieve such strong outcomes.

During the year, we said goodbye to two Trustees, Andrew Pereira and Anna Smakowska who contributed a great deal to our Board. They have been replaced by 3 new Trustees, Richard Abrahams, Joann Moore and Jeff Kay who have already brought a broad range of new skills, experience and expertise to strengthen our board. They bring exceptional expertise from the commercial, finance & governance and SEND sectors

The Trustee subcommittees, created last year, have played a crucial role in challenging senior leaders to improve our offer and, latterly, in their implementation of the ever-evolving government COVID guidance documents, adjusting provision to meet new requirements. The new Board is already working together as a forceful team to support all aspects of Southover’s work.

We have learned so many lessons from the events of this extraordinary year: especially the importance of communication and planning at all levels and the ability to adapt at short notice. From September 2020, we picked up our work with the 5-year strategic plan and are looking forward to agreeing an implementation plan over the coming year.

Finally, and most importantly, the Trustees offer condolences to those families of staff and students who lost loved ones and we wish a speedy recovery for those who have fallen ill.

Carol Frankl, Chair of Trustees, September 2019

1

Summary and purpose of the charity

The Southover Partnership charity was registered on October 29[th] 2017 & established on January 1[st] 2018. The charity is also a company limited by guarantee.

Objectives and activities

The objects for which the Charity is established are the advancement of education in the United Kingdom for the public benefit of children with special educational needs between the ages of 5 and 19:

Our aims

The Southover Partnership is a charity that provides education for children and young people with special educational needs in our own school and, through our thriving Outreach Service which provides tailored one-toone and group tuition in mainstream schools or at home commissioned by schools or local authorities. We work with children between the ages of 5-19. Our school aims to meet the needs of 11-19 year olds with autism, complex SEND and social, emotional and mental health issues. The school is based on three School Sites, Hutton Grove in N12, Southgate in N14 and Kingsbury in NW9, and the outreach services work across 12 Greater London Authorities.

Our values

The Trustees worked together to further refine the vision and values of the new charity in 2020, and agreed they will seek to ensure the Southover Partnership is committed to inclusion; and will

2

Report of the Executive Headteacher, Dayo Okunlola

I am as proud as Carol of the way that Southover school, outreach services and the central support team have weathered the COVID-19 pandemic up until now and in particular of the exceptionally high level of provision and support provided to our students and families through lockdown and beyond.

The school and outreach have been able to provide full curriculum access including therapies, as well as support for families via our virtual learning platform with an average engagement of 86%. Staff have been outstandingly cooperative, dedicated and professional throughout, while often coping with personal experiences of loss and trauma. I thank them all.

Regardless of COVID, 2019-20 has been another successful year. The school had 37 pupils aged 11 - 19 on roll supported by 60 teaching and learning staff, while the Outreach Service supported 40 pupils in Education Other Than at School as well as providing staff support in 8 mainstream schools. We were able to introduce blended, directed & appropriate remote and face to face learning across the organisation to all our pupils at speed.

Outcomes once again confirmed Ofsted’s judgement that: “ Pupils’ outcomes are outstanding. From typically low starting points, pupils make very strong progress over time. This is especially impressive considering the range of complex needs the majority of pupils have, and the disrupted educational histories that most have experienced”

GCSE English and Mathematics National Comparison 2020:

Percentage of
pupils who
achieved grade 9-5
(English and maths)		 Percentage of
pupils who
achieved grade 9-4
(English and maths)		 Percentage of
pupils who
achieved any
passes at GCSE or
equivalent
(all subjects)
Southover Partnership School 30 46 100
All state-funded special schools 0.4 1.2 28.1
Alternative provision including
academy and free school alternative
provision and pupil referral units		 1.6 4.5 58.1
Non-maintained special schools 2.4 5.5 38.6
All special schools 1.0 2.4 33.2

Other Results

Accreditations were also gained through Cambridge Technical Certificate (Level 3), Cambridge National Award, Btec Levels 1 and 2, Advanced Diplomas, Functional Skills Levels 1 and 2, NCFE qualifications, City & Guilds, Arts Council Award and Entry Level qualifications.

3

We are especially proud that, once again, all leavers from the school moved on to further education or training. 100 % of students supported by the Outreach Service on home tuition made a successful transition into mainstream schools or our school and are still on roll in these settings.

Updated priorities

Typically, pupils placed with us have had significantly disrupted educational histories - our aim is to inspire and empower every young person to flourish. To achieve this,

In response to our experience of provision under COVID-19 circumstances, there will be many students who have required a phased re-entry and the initial focus for all students will be on

These priorities will be approached with the wellbeing of the Senior Leadership Team and staff in mind as they remain our greatest asset.

I am confident that between us, the Trustees, staff, our external partners and the families we work with, we will achieve our aims and Southover will continue as a leader in the field of SEN and celebrated for outstanding outcomes based on our bedrock of attachment theory, relentless care and challenge. We are committed to sustaining Ofsted’s assertion that “Leaders relentlessly focus on ensuring that pupils are at the centre of everything that happens at the school. As a result, they have ensured that the quality of provision is outstanding”.

4

A selection of what others who know us well say about us

Southover Pupils

‘’To all my former teachers: Thank you for everything that you have done for me, I know that full well if I hadn't listened to any of you or respected you, I wouldn't be sitting in this chair at this college with an amazing course and job. Thank you all, you have changed me for the better.’’

“Thank you so much for everything you have done to get me here, thank you for all your help and support for me and my family.”

“I don’t know what I would have done without the Southover Partnership School – I would never have achieved what I have.”

‘’They will always ask how your day is, and if you are OK, and if you are not OK then I know I can talk to them, because they understand and they don’t really judge you… they are just, like, if you are doing this, then you may need help doing this, and they will help you a lot. It’s made me more confident in loads of things, and it’s helped me also with my grades. But also, it’s helped me to become like… I talk to more people; I get involved more. Like I wasn’t so confident before. I might have seemed it, but I wasn’t so confident.’’

Southover Parents

‘’I don’t know how you managed to organise everything so quickly to ensure the students were well supported but I don’t feel you could have done anything any better than what you did. ( Student ) was happy to return in September and I don’t feel his education suffered either.

‘’I cannot actually put in to words how much of a difference you made or how grateful I am but I thought I would try.’’

‘’I hope the Trust( ees ) know how special each and every member of staff is and how much you all did in such a small amount of time.’’[1]

‘’ ( Member of staff ) doesn't miss a trick and always has interesting, busy and constructive days planned and her observations are keen and she, like all of the people involved in ( student's ) life at Southover, approach their work with ( student ) with openness and understanding and compassion. I cannot stress enough what a difference that makes to ( student’s ) experience of school and how reassuring it is for me as her

mum. Previously, ( student ) has been viewed as a problem and therefore, often left on the periphery, often ignored completely and very rarely treated with any understanding. Rather, she has been made to feel at fault and that any differences just equal insurmountable barriers to any learning and fulfilment.

1 We do!

5

Already at Southover, differences are acknowledged and incorporated into the everyday alongside efforts to raise awareness in the students that there are behaviours and rules that everyone needs to try their best to achieve and respect, to help not only themselves, but also other people who they are sharing their environment with.

However, now that ( student ) is fortunate enough to be a part of Southover, I feel confident that she won't be ignored or abandoned during trickier times and I feel certain that the security and consistency that this situation will nurture within ( student ), will be key to her general development and wellbeing and chances of a more independent and manageable future.’’

‘’He has a diagnosis of ADHD … He does have some concentration issues but that was OK in mainstream, but he developed an anxiety disorder so ...sometimes he can be very anxious about coming into school and can be very difficult …. The school at various points have been very good …they will even come to the house, or meet him at a coffee shop or something, so he’s got that time to lower his anxiety before he gets in, and he always wants to come to school, which I think is important.’’

Our Partners

“The seminar was great; attendance was in a small group which worked well as participants were able to talk about their own children in detail with Carol, who was extremely knowledgeable and very helpful with advice and information for the group.”

“Huge thanks for all your fabulous work. You’ve made a real difference to A’s learning.” SENCo

“This is the only school where this pupil has settled and has made a difference to her.” Social Worker

“I would like to take the time to tell you about the fabulous teaching assistant you provided to ( school ). The TA is brilliant at his job, very intuitive and calm. The pupil is now calmer, using more verbal language and responding to positively to others. Today I observed the pupil take part in a phonics lesson for the first time, a very special moment for all the staff”

Specialist Autism Support Worker

‘’The staff demonstrate warm and friendly approachable interactions with the students whilst at the same time providing them with boundaries and rules.

Southover Partnership is always able accommodate our requests even when given short notice. They provide a service of a very high standard and they have always managed to meet the students' and their family’s needs both emotional, academically and psychologically

I have no hesitation in providing a testimonial for them.”

Specialist Speech and Language Therapist

“I keep on thinking about the great work of students, commitment of staff and also the vision to provide holistic education. The Southover Partnership is a unique project; please extend my congratulations to Carol

6

Frankl and to the staff.”

Councillor Barnet Council

“A fab course with lots of participating to see strategies come to life. I can really see how this would work in the classroom with a range of ages.”

Circle Time training participant

“Training on both behaviour and SEN was brilliant. Every aspect taught is useful and interesting to help me interact with pupils and teachers alike in any school.”

Teaching Assistant training participant

STRUCTURE, GOVERNANCE AND MANAGEMENT

Trustees’ report

In setting our objectives and planning our activities our Trustees have given careful consideration to the Charity Commission’s public benefit guidance.

Trustee Board

The Memorandum and Articles provide for a minimum of three and maximum of seven Trustees. All Trustees are appointed by the Chair, in full consultation with fellow Trustees. The Trustee Board has built further its mix of governance, commercial, financial, fundraising and, most importantly, educational skills and experience & all new members have fast become energetic and active participants.

Trustees give freely of their time and expertise and no other remuneration or expenses were paid in the year. No Trustee or person connected with a Trustee received any benefit from the Charity.

Organisational structure

The Trustees determine the general policy of the organisation while the day to day running of the Charity is delegated to the Executive Head, supported by senior staff. The Executive Head undertakes the key leadership role overseeing educational, pastoral and business functions in consultation with the senior staff. The day to day management of both the School and the Outreach Service is undertaken within the policies and procedures approved by the Trustees. The Board has established two sub-committees, with clear terms of reference which focus on quality of education & finance and governance. Trustees meet as a Board four times per year as a minimum. The Chair undertakes individual Trustee appraisal and seeks feedback annually.

Impact of Trustees

The Trustee Board is determined to ensure the Partnership is rated outstanding overall and understand their own performance is key to achieving this. The School’s Ofsted in January 2018 rated the school as ‘outstanding’ in all areas except for ‘good’ in governance, noting, due to having only been in post a few weeks, that:

‘The new Trustees were ready to undertake duties in supporting, advising and challenging leaders to improve the school further, but their work has yet to show a demonstrable impact’.

7

The Trustees have made this a key focus: asking for and receiving a timetable of reports with an emphasis on outcomes for pupils against expected progress. In addition to holding regular meetings during the year, the Board has come together for longer periods to review its work and to plan future strategy, and this will continue as we develop a 5-year plan in 2020 led by a newly created strategy group. Trustees share information gathered on site visits. Trustees belong to a variety of organisations which support charity Trustees and school governors as well as drawing on their own professional networks. Training is undertaken and advice sought depending on current priorities and keeping an eye on the horizon and national policy developments. Trustees have agreed a code of conduct to make our Board more robust and individual Trustees more accountable.

A review of policies and their implementation across all aspects of the Partnership is underway to centralise and standardise most aspects including HR, pay, job descriptions, appraisal, admissions, new data protection requirements and safeguarding. Financial reporting and practice have been overhauled with a focus on tight procedural controls, robust budgets and detailed management information alongside setting and reviewing the reserves policy.

Early identification of the urgent need to restructure the senior leadership is now long completed and the team is growing yet again in confidence and expertise.

As a result, staff responsibilities in providing for students supported and educated by the school and Southover Outreach Service are on a much sounder footing. Financial risks are better defined and planned for in a changing funding situation amongst Local Authorities, which impacts on all aspects of the Southover Partnership. This will enhance its already positive reputation and allow for consolidation. More extensive fundraising for the charity is an ongoing discussion as the school, students and their families would benefit from further practical support and access to broader educational experiences.

Pay and remuneration of senior staff

The pay and remuneration of the Executive Headteacher and Head of Finance and Business Administration is set by the Trustees. A number of criteria are used in setting pay:

The principal risks facing the charity

Risk management

The Trustees now assess risk at each meeting, and in further detail at sub-committee meetings & have identified the following principal risks and challenges facing The Southover Partnership. They are satisfied that the major risks identified have been adequately mitigated where necessary.

Covid 19

At the onset of the Covid 19 pandemic, a sub group of Trustees was established to undertake weekly online monitoring calls which are ongoing but now less regular. The Executive Headteacher submitted reports on a range of issues including safeguarding, pupil engagement, staffing, financial management, preparation for return after lockdown.

8

Financial landscape

Local authorities use the high needs budget (HNB) to provide the most appropriate support package for an individual with special educational needs (SEND)and disability in a range of settings, taking account of parental and student choice. High needs funding is also intended to support good quality alternative provision for pupils who cannot receive their education in school.

The Government introduced a National Funding Formula for High Needs from 2018-19 which had a significant impact on local authorities’ HNB. There is a significant and growing shortfall within the HNB across London. Despite the government allocating additional SEND funding, the pressure on the LA High Needs Blocks are projected to continue. This means LAs will be looking to reduce their expenditure on HNF and look for more competitive providers.

Our ability to continue is reliant on funding per pupil. The Southover Partnership needs to be able to demonstrate to local authorities, others schools and parents that the provision provides good value for money as well as outstanding pupil outcomes. The charity needs to be able to respond to the changing needs of pupils by adapting provision where necessary. This includes maintaining and developing facilities, staff training, and investing in or expanding the curriculum offer.

Financial risk

The key risks are changes to government policy on high needs funding and the increasing cost of employing staff at a time when income from funded places is forecast to be static. It is unclear how the new Government will impact on funding of services for SEND pupils. Financial planning is focused on maintaining the breadth and quality of future work in the context of diminishing budgets. Trustees have also given due consideration to the risks associated with financial mismanagement and/or compliance failures.

Failures in governance and/or management

Trustees have completed their review of the leadership structure to strengthen its effectiveness. We will continue to review and ensure that appropriate measures are in place to mitigate these risks.

Reputational risk

The continuing success of The Southover Partnership depends on maintaining the highest educational standards. Trustees are clearly focused on monitoring and reviewing the achievement and progress of children. Trustees continue to give due consideration to other aspects of the Partnership’s activities where there could be a reputational risk, including behaviour management, safeguarding, health and safety etc. The Southover Partnership works with external improvement partners in order to develop the provision further and aspire to achieve ‘outstanding’ as outlined in the Ofsted inspection framework.

Safeguarding and child protection risks

Trustees continue to ensure that the highest standards are maintained in the selection and monitoring of staff and volunteers; the operation of child protection polices in the school, the Outreach Service & in training and support, in order to protect the vulnerable young people in its care. The Chair and others undertake regular spot checks of all aspects and every Trustee and member of staff has received training in safeguarding.

9

Significant changes in staff

Trustees have reviewed arrangements for recruitment and the development of existing staff to minimise the risk resulting from major changes in key staff.

Financial review

The year 2020 presented many financial challenges for all types of organisations. However, we are pleased to report that with hard work and determination our second full year of charity financial statements for the academic year to 31[st] August 2020 show a small surplus of £13,398. Our total income for the year was £2,872,138 (2019: £3,275,461 – a decrease of 12%) with expenditure of £2,858,740 (2019: £3,193,766 – a decrease of 10%) giving a net income after depreciation of £13,398 (2019: £81,695 – a decrease of 84%).

The main sources of income continue to be fees for the School, Home Tuition (HT) and Support in Schools (SiS), accounting for 68%, 20% and 11% (2019: 60%, 25% and 14%) of the organisation’s income respectively. The income from the Outreach services (HT & SiS combined) declined as a direct result of the COVID-19 pandemic with many of the schools we work with unable to continue using our services as they were forced to close to the majority of students. We were also unable to perform many of the necessary steps in order to take on new HT students and this resulted in a slowdown in service. However, we were able to design & implement, at pace, a full remote learning package utilising Microsoft Teams and this has now become a real alternative and brings the potential to expand the service geographically.

During the year, expenditure on new computer equipment totalled £5,772 and in addition we were fortunate to have three laptops allocated to us from Brent LA for students to use over lockdown, a total of £1,797, which has been shown as a gift in kind.

Once again, we are extremely grateful for all donations made to the charity this year. In such difficult times it is wonderful to feel supported and appreciated for the work that we do with our young people.

Using the funding obtained from the British Council as part of their Connecting Classrooms, Southover partnered with a school in Ghana and this trip went ahead in February 2020. Unfortunately, we were unable to reciprocate during the year but are looking forward to welcoming our partner school as soon as we can. In addition, this year we received a grant from the Art Society which was used to purchase cameras for an ongoing art project.

The School continues to occupy three main sites, Finchley Progressive Synagogue on Hutton Grove, Southgate Progressive Synagogue and Kingsbury Manor. We invested just over £8,000 in repairs to Kingsbury Manor over the year to ensure the safety and reliability of the building for the future.

During the year we were able to reduce a number of costs, including the rent at Finchley Progressive Synagogue and Southgate Progressive Synagogue. They both supported us tremendously over the lockdown period, for which an enormous thank you. We were also able, with the help of Fair Contracts Associates who negotiated on our behalf, to bring to an end a costly photocopier contract, a big thank you to Chas. There is no doubt that these reductions in overheads allowed Southover to end the year in a stable position despite the challenges faced.

10

Income 2019/2020 £2,872,138

----- Start of picture text -----
0% 1%
11%
20%
68%
----- End of picture text -----

Southover School - £1,955,311 Home Tuition - £565,197 Support In Schools - £311,752 Charity Donations - £12,225

Other Income - £27,653

----- Start of picture text -----
1%
14%
25%
60%
----- End of picture text -----

Income 2018/2019 £3,275,461

Southover School - £1,967,880 Home Tuition - £827,712 Support In Schools - £440,258 Charity Donations - £39,611

11

The Southover Partnership Resetwes •nd finanfial health Free reserves exclude restricted funds. designated fundsand any parts of the unrestrKted funds not readilv available such as tangible assets. The SouthoverPartnership holdsfree reserNESto provide a working balan￿ to mitigate against the risks from unexpected shortterm increases inexpenditure ora downturn in student numbers and to plan for f uture developments in line with the strategic plan. The Trustee5 regular￿ reviewthe finan￿$. budgetsand spend against budget as part of the governance of the organisation. The Trustees monitorthe free reserves and reviewthe risk registerat IeaStterm￿ as part of the Finance and Governan￿ Committeeaswell as the full Board of Tnjstees, to safeguard against any reduction in income or unexpected increase in costs. As a minimum the Trusteesaim to have a balance in Teserves equivalentt? 3 months runningcosts. The Trustees are satisfied that existingcash flows a￿ sufficientto meetanyanticipated increases in costs. The Pension liability has been reported within the accounts in accordan￿ wrth accounting standard FRS 17. AII staff are auto-enrolled into a scheme which is operated by NEST. CHARifiTrusTEES The Charity Trustees are the dirertorsof The Southover Partnership. New Trustees are appointed by the existing Board of Tnjstees. All Twstees have seNed throughoutthe yearexcemwhere indicated: C Frankl (Chairl l H March MBE (Vice Chairl M TNemko A C A Pereira Iresigned 11 February20201 A M Smakowska (resigned I5ju￿ 20201 M A Timlin Iresigned 4November 20191 R A D Abrahams lappointed 11 February20201 J S Moore (appointed 22 May20201 J B Kay lappointed 22 May 20201 None ofthe Trustees has any beneficial interest in the company. All of the Trustee5 are members of the companyond guarantee tocontribute £1 in the eventof a winding up. Each of the Trustee5 has confirmed that there is no inforniationof which they are aware which is relevantto the audit. but of which the auditor is unaware. They have furtherconfirmedthatthey have taken appropriate steps to identify such relevant infomation and establish that the auditor 15 aware of suth information. The Trustees, reportwas approved bythe Board of Trustees on..... Signed on behalfof the Board.. 2oLI Carol Frankl (Chairl Date..

THE SOUTHOVER PARTNERSHIP

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 AUGUST 2020

The trustees, who are also the directors of The Southover Partnership for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

THE SOUTHOVER PARTNERSHIP

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE SOUTHOVER PARTNERSHIP

Opinion

We have audited the financial statements of The Southover Partnership (the ‘charity’) for the year ended 31 August 2020 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

Other information

The trustees is responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

THE SOUTHOVER PARTNERSHIP

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE SOUTHOVER PARTNERSHIP

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the s tatement of trustees' r esponsibilities, the trustees, who are also the directors of the charity for the purpose of company law, is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees is responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

THE SOUTHOVER PARTNERSHIP INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE SOUTHOVER PARTNERSHIP U$0 of our rnport This report is made solety lo the ¢harity's trustees. as a body, in accordance with part 4 of the Charf(ies IAccounls and Reports} Regulations 2008. Our audit %wrk has been undertaken $0 that we might stste lo the ¢harty'5 tru5tee5 those matters %%E are requifed to state to them in an audrtors, report and for no other purpose. To the fvllest extent permrtted by law. we do not axept or assume responsibilty to anyone other than the charity and the d)arity's trustees as a body, for our audrt *￿rk, for this report. or for the opinions we have fornied. t4k FAJ 2011 Wamèr Wlld• Llmlt•d Chart•rèd Cèrtified Ac¢ountaTrts ststutory Audilor 4 Marigold Drive Bisley Vvokn'ng Surrey GU24 9SF Wamer Wilde Limited is eligible frjr apwntment as auditor of the tharity by virtue of rts eligitmlity for appointment as auditor of a company under of section 1212 of the Companies Act 2006 16-

THE SOUTHOVER PARTNERSHIP

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2020

Unrestricted
funds
2020
Notes
£
Income and endowments from:
Donations and legacies
3
11,625
Charitable activities
4
2,832,860
Other income
5
27,653
Total income
2,872,138
Expenditure on:
Charitable activities
6
2,858,740
Net income for the year/
Net movement in funds
13,398
Fund balances at 1 September 2019
416,114
Fund balances at 31 August 2020
429,512		 Total
period
2019
£
39,611
3,233,550
2,300
3,275,461
3,193,766
81,695
334,419
416,114

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

THE SOUTHOVER PARTNERSHIP BALANCE SHEET ASAT31 AUGUST2020 2019 Flxod assots Tangibl8 assets Current assèts Debtor5 Cash at bank and in hand 10 138.256 170.419 11 723.959 2S7.278 528.055 288.164 981,237 cr￿lIorS.. amounts lalllng du• tthin one y•ar 816.219 12 (689.981) 1570,5241 Net current assets 291.256 245,695 Total assets loss current Ilabllitios 429.512 416.114 Incomo lunds Unrestiicled fund8 429.512 416.114 429,512 416.114 The company is enli1￿ to th8 exempti￿) tr{￿ the audit requIr￿n1 containod in so¢lion 477 of the C(xnpania$ Act 2006. lor the ygar end8d 31 ALWt 2020. an a￿11¢ has b8en carrigd ¢)Jt undgr section 144 of the Charities Act 2011. The trustees aCkn￿￿edge$ h8r responsibifities for nsurir¥J Ihat the ch8rity keep5 acc(¥Jnting rec(Jrd$ whith omp¢y wth section 386 of the Act and for preparing fine￿al slatements whth gN8 8 true and fair view ol the ststè of affairs of the o)mpany as at the end of the financ4a year and of its Ir￿mIr￿j ￿$ourCeS and application of resources. induding its infx)me arnj exFend4ture. for the financial year in a(xx)rdarth with thè requirements of sections 394 and 395 and vthith otherwise uynpty wilh the requirements of the Companies Act ZCM)6 relah.ng lo nanoal statements. $0 far as ap￿i(zÈ￿8 to Ihe CL¥npany. member5 have rKJI required thè (x)mpany lo obtain an audrt of its finan(yal slalements under the requiremenls of the Gompans Act 21Th. for the yèar in queslM)n in accordance wjlh sec1m￿ 478. These finantyal statements have beon twepared in ac0Nd￿ ￿th wovision5 to compan Subject to the small compan¢es regim. finanual Stslem￿ts Ere aFfov&J by ￿ Truste8s on ....... ......... ..... M NorTrko Tru Company Reglstra¢lon 10539109

THE SOUTHOVER PARTNERSHIP

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2020

Notes
Cash flows from operating activities
Cash (absorbed by)/generated from
operations
17
Investing activities
Purchase of tangible fixed assets
Net cash used in investing activities
Net cash used in financing activities
Net (decrease)/increase in cash and cash
equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2020
£
(6,491)		 £
(24,396)
(6,491)
-
(30,887)
288,164
257,278		 2019
£
(55,955)		 £
116,201
(55,955)
-
60,246
227,917
288,164

THE SOUTHOVER PARTNERSHIP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

1 Accounting policies

Charity information

The Southover Partnership is a private company limited by guarantee incorporated in England and Wales. The registered office is Kingsbury Manor, 288 Kingsbury Road, Roe Green Park, London, NW9 9HA.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's [governing document], the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling , which is the functional currency of the charity. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

1.5 Expenditure

Liabilities are recognised when either a legal or constructive obligation is identified.

Expenses include VAT where applicable as the company cannot reclaim it.

THE SOUTHOVER PARTNERSHIP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020

1 Accounting policies

(Continued)

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings Over the life of the lease Fixtures and fittings 10% straight line Computers 3 years straight line Motor vehicles 3years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

THE SOUTHOVER PARTNERSHIP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Unrestricted Unrestricted
funds funds
2020 2019
£ £
Donations and gifts 11,625 39,611

THE SOUTHOVER PARTNERSHIP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020

4 Charitable activities

2020
2019
£
£
Sales within charitable activities 2,832,860
3,233,550
5 Other income
Unrestricted Unrestricted
funds funds
2020 2019
£ £
Other income 27,653 2,300
6 Charitable activities
Charitable
Charitable
Expenditure
Expenditure
2020
2019
£
£
Staff costs 2,111,433
2,278,026
Depreciation and impairment 38,653
31,153
Staff costs and DBS 37,946
86,754
Student educational materials, therapy and other costs 139,745
121,048
Premises costs 163,877
184,597
Software, licences and website costs 39,257
43,778
Exam costs 3,785
5,838
Legal fees 14,761
5,574
Insurances 30,101
28,498
Consultants, agency team members etc. -
68,589
Bad debts -
17,943
2,579,558
2,871,798
Share of support costs (see note 7) 267,908
309,301
Share of governance costs (see note 7) 11,274
12,667
2,858,740
3,193,766

THE SOUTHOVER PARTNERSHIP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020

7 Support costs

Support
costs
Governance
costs
£
£
Staff costs
219,212
-
Office and administrative
costs
48,095
-
Marketing and
advertising
601
-
Trustee meeting costs
-
1,094
Audit and accounts
preparation costs
-
7,470
Charity set up costs
-
2,710
267,908
11,274
Analysed between
Charitable activities
267,908
11,274		 2020
£
219,212
48,095
601
1,094
7,470
2,710
279,182
279,182		 Support
costs
Governance
costs
£
£
228,233
-
72,449
-
8,619
-
-
269
-
4,400
-
7,998
309,301
12,667
309,301
12,667		 2019
£
228,233
72,449
8,619
269
4,400
7,998
321,968
321,968

Governance costs includes payments to the auditors of £ 7,470 accrued for audit and accounts preparation fees including irrecoverable VAT .

8 Trustees

None (2019: One) of the trustees (or any persons connected with them) received remuneration of nil (2019: £6,667) during the year, there were no other benefits from the charity during the year.

THE SOUTHOVER PARTNERSHIP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020

9 Employees

Number of employees

The average monthly number of employees during the year was:

Administration and support
Teaching
Leadership
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2020
Number
6
99
7
112
2020
£
2,125,019
164,094
41,532
2,330,645		 2019
Number
6
126
10
142
2019
£
2,304,166
169,430
32,663
2,506,259

Key Management Personnel comprises the Senior Management Team, the total cost of Key Management Personnel for the year ended 31 August 2020 was £375,604 (2019: £371,372) including employer's national insurance and pension contributions.

Redundancy payments totalling nil (2019: £41,351) were made during the year.

The number of employees whose annual remuneration was £60,000 or more were:

2020 2019
Number Number
70,001 - 80,000 1 1

Contributions totalling £ 1,018 (2019: £nil) were made to defined contribution pension schemes on behalf of employees whose emoluments exceed £60,000.

THE SOUTHOVER PARTNERSHIP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020

10
Tangible fixed assets
Leasehold
land and
buildings
Fixtures and
fittings
Computers Motor vehicles
£
£
£
£
Cost
At 1 September 2019
182,992
66,295
62,985
67,514
Additions
-
719
5,772
-
Disposals
-
-
(14,010)
-
At 31 August 2020
182,992
67,014
54,747
67,514
Depreciation and impairment
At 1 September 2019
69,775
40,899
53,956
44,737
Depreciation charged in the year
19,663
4,384
6,774
7,833
Eliminated in respect of disposals
-
-
(14,010)
-
At 31 August 2020
89,438
45,283
46,720
52,570
Carrying amount
At 31 August 2020
93,554
21,731
8,027
14,944
At 31 August 2019
113,217
25,396
9,029
22,777		 Total
£
379,786
6,491
(14,010)
372,267
209,367
38,654
(14,010)
234,011
138,256
170,419

11 Debtors

Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income		 2020
£
680,418
1,373
42,168
723,959		 2019
£
466,043
3,955
58,057
528,055

THE SOUTHOVER PARTNERSHIP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020

12 Creditors: amounts falling due within one year

Notes
Other taxation and social security
Deferred income
13
Trade creditors
Other creditors
Accruals
13
Deferred income
Other deferred income		 2020
£
31,933
611,003
19,136
6,137
21,772
689,981
2020
£
611,003		 2019
£
31,203
480,403
12,263
17,959
28,696
570,524
2019
£
480,403

14 Retirement benefit schemes

Defined contribution schemes

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

The charge to profit or loss in respect of defined contribution schemes was £41,532 (2019 - £32,663).

15 Operating lease commitments

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

Within one year
Between two and five years
In over five years		 2020
£
58,034
163,005
346,667
567,706		 2019
£
94,645
361,351
386,667
842,663

16 Related party transactions

There were no disclosable related party transactions during the year (2019 - none).

THE SOUTHOVER PARTNERSHIP

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020

17 Cash generated from operations 2020 2019
£ £
Surplus for the year 13,398 81,695
Adjustments for:
Depreciation and impairment of tangible fixed assets 38,653 31,153
Movements in working capital:
(Increase)/decrease in debtors (195,904) 244,278
(Decrease) in creditors (11,143) (50,449)
Increase/(decrease) in deferred income 130,600 (190,476)
Cash (absorbed by)/generated from operations (24,396) 116,201
18 Analysis of changes in net funds
The charity had no debt during the year.