2020-08-31-accounts - Longridge Towers School

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Governors	Mr.J.A. Houston	(Deceased	11 January 2021)
	Mr. A.E.R. Bell (Chairman)
	Dr. E.C. Miller
	Mr. A. N. Birkett
	Mr T.M. Bramald
	Mrs. D. Dakers
	Mrs. A. Marshall
	Mrs. P.J.Derries
	Mrs. S.J.S.Dalrymple
	Mr. M. Mole	(Appointed	16 March 2021)
Headmaster	MrJCE Lee
Secretary	Mrs VJ Bryson
Charity number	513534
Company number	01675232
Principal address	Longridge Towers
	Berwick-upon-Tweed
	Northumberland
	TD152XQ
Registered offic	Longridge Towers
	Berwick-upon-Tweed
	Northumberland
	TD152XQ
Auditor	Greaves West 8 Ayre
	17Walkergate
	Berwick-upon-Tweed
	Northumberland
	TD15 1DJ
Bankers	Barclays Bank P.L.C.
	22/24 Hide Hill
	Berwick upon Tweed
	TD15 1AF

			Page
Governors'	report		1-10
Statement	of Governors' responsibilities
Independent	auditor's	report	12-14
Statement	offinancial	activities	15-16
Balance sheet			17-18
Statement	ofcash flows		19
Notes to the financial		statements	20-35

					Unrestricted	Unrestricted	Restricted	Total	Unrestricted	Unrestricted	Restricted	Total
					funds	funds	funds		funds	funds	funds
					general	designated			general	designated
				Notes	2020 6	2020	2020 6	2020 6	2019f	2019 6	2019 6	2019f
Donations and legacies				3	3,520			3,520	8,864	901		9,765
Charitable activities				6	3,987,537	(395,614)		3,591,923	4,311,591	(407,806)		3,903,785
Other trading activities
Investments					201			201
Material other income
Other income				5	410,844			410,844	1,500			1,500
Total income					4,402,102	(395,614)		4,006,488	4,322,009	(406,905)		3,915,104
EttttftmII~
Raising funds
Charitable activities				9	3,736,837		3,470	3,740,307	3,900,171		3,470	3,903,641
Enabling Planning	costs written		off
Other					243			243
Total resources expended					3,737,080		3,470	3,740,550	3,900,171		3,470	3,903,641
Net incoming/(outgoing)		resources before
transfers					665,022	(395,614)	(3,470)	265,938	421,838	(406,905)	(3,470)	11,463

			Unrestricted	Unrestricted	Restricted	Total	Unrestricted	Unrestricted	Restricted	Total
			funds	funds	funds		funds	funds	funds
			general	designated			general	designated
			2020	2020f	2020 6	2020 6	2019f	2019	2019 6	2019 6
Net incoming/(outgoing) transfers		resources before	665,022	(395,614)	(3,470)	265,938	421,838	(406,905)	(3,470)	11,463
Gross transfers	between	funds	(395,614)	395,614			(404,836)	408,306	(3,470)
Net income/(expenditure)		for the year/
Revaluation of	tangible fixed assets
Actuarial loss on defined		benefit pension
schemes
Other gains or Net movement	losses In funds		269,408		(3,470)	265,938	17,002	1,401	(6,940)	11,463
Fund balances	at 1 September 2019		3,896,112	61,995	26,767	3,984,874	3,879,110	60,594	33,707	3,973,411
Fund balances	at 31August 2020		4,165,520	61,995	23,297	4,250,812	3,896,112	61,995	26,767	3,984,874

					2020		2019
				Notes
Fixed assets
Tangible assets				12		4,809,771	4,848,609
Current assets
Stocks				13	5,899		24,433
Debtors				14	182,907		197,929
Cash at bank and		in	hand		63,286		533
					252,092		222,895
Creditors:	amounts		falling due within
one year				17	(811,051)		(1,069,171)
Net current	liabilities					(558,959)	(846,276)
Total assets less		current liabilities				4,250,812	4,002,333
Creditors:	amounts		falling due after
more than	one year			18			(17,459)
Net assets						4,250,812	3,984,874
Income funds
Restricted	funds			19		23,297	26,767
Unrestricted	funds
Designated	funds			21	61,995		61,995
General unrestricted			funds		340,791		71,383
Revaluation	reserve				3,824,729		3,824,729
						4,227,515	3,958,107
						4,250,812	3,984,874

						2020		2019
					Notes
Cash flows from operating			activities
Cash generated from operations					24		365,082		83,743
Investing	activities
Purchase	oftangible fixed assets					(24,410)		(79,880)
Proceeds	on disposal oftangible			fixed
assets						(243)		1,500
Investment	income received					201		54
Net cash	used in investing		activities				(24,452)		(78,326)
Financing	activities
Payment	of obligations under		finance
leases						(13,897)		31,671
Net cash financing	(used in)/generated activities		from				(13,897)		31,671
Net increase in cash and cash				equivalents			326,733		37,088
Cash and	cash equivalents	at beginning			of year		(263,447)		(300,535)
Cash and cash equivalents			at	end of	year		63,286		(263,447)
Relating	to:
Cash at bank and in hand							63,286		533
Bank overdrafts included in		creditors
payable within one year									(263,980)

			Unrestricted	Unrestricted	Unrestricted	Total
			funds	funds	funds
			general	general	designated
			2020	2019	2019	2019
				E	P	E
Donations	and	gifts	3,520	8,864	901	9,765
Investments

4	Investments
					Unrestricted	Unrestricted
					funds	funds
					general	general
					2020	2019
					f	F
	Interest receivable				201	54
5	Other income
					Unrestricted	Unrestricted
					funds	funds
					general	general
					2020	2019
					f	F
	Net gain on	disposal oftangible		fixed assets		1,500
	Coronavirus	job retention	scheme		410,844
					410,844	1,500

Charitable a	ctivities
		Unrestricted	Total 2019
		Funds
		2020
Tuition fees		3,907,371	4,127,416
School meals		85,042	124,346
Boarding		263,004	266,255
School bus		137,514	219,238
Hire ofschool facilities		689	10,235
Registration		4,700	4,899
Sundry income		6,335	14,533
Less: Bursaries		(812,732)	(863,137)
		3,591,923	3,903,785
Analysis by fund Unrestricted funds - general		3,987,537	4,311,591
Unrestricted	funds - designated	(395,614)	(407,806)
		3,591,923	3,903,785

Support c	osts
		Support	Governance	2020	Support	Governance	2019
		costs	costs		costs	costs
		f
Audit fees			8,000	8,000		8,000	8,000
Accountancy and other			1,817	1,817		7,609	7,609
Legal and	professional		18,006	18,006		10,886	10,886
			27,823	27,823		26,495	26,495
Analysed	between
Charitable	activities		27,823	27,823		26,495	26,495

Charitable activities
			Education	Catering	Boarding &	Transport	General	Total	Total
			Costs	Costs	Property	Costs	Admin &	2020	2019
					Costs		Overhead
							Costs
							K
Staff costs			1,920,882	107,174	119,046	285,964	366,597	2,799,663	2,911,558
Depreciation and Impairment Teaching resources Repairs and cleaning Heat and light Food costs			66,401	232 1,523 68,610	32,184 166,365 73,994	31,064	5,709	63,248 66,401 172,306 75,517 68,610	64,970 81,035 148,751 88,637 104,628
Motor expenses Rates and insurances					69,279	15,086		15,086 69,279	19,408 69,815
School bus service costs						107,088		107,088	130,280
General admin			3,576		6,213		19,637	29,426	48,350
Postage, stationery, advertising Bank charges and interest Staff recruitment costs		and telephone					94,802 6,462 2,330	94,802 6,462 2,330	83,474 11,240 2,598
Commission							14,257	14,257	18,710
Subscriptlons Bad debts							30,630 95,250	30,630 95,250	27,731 62,452
Hire purchase interest							2,129	2,129	3,509
			1,990,859	177,539	467,081	439,202	637,803	3,712,484	3,877,146
Share ofgovernance	costs (see	note 7)	8,000	1,817	18,006			27,823	26,495
			1,998,859	179,356	485,087	439,202	637,803	3,740,307	3,903,641

	Education	Catering	Boarding &	Transport	General	Total
	Costs	Costs	Property	Costs	Admin &	2020
			Costs		Overhead
					Costs
				6	f
Analysis by fund
Unrestricted funds - general	1,998,859	179,356	481,617	439,202	637,803	3,736,837
Restricted funds			3,470			3,470
	1,998,859	179,356	485,087	439,202	637,803	3,740,307
For the year ended 31August 2019
Unrestricted funds - general	2,231,528	232,702	464,848	440,371	530,722		3,900,171
Restricted funds			3,470				3,470
	2,231,528	232,702	468,318	440,371	530,722		3,903,641

		2020	2019
		Number	Number
Teaching		45	44
Administration		15	10
Other		21	26
		81	80
Employment	costs	2020f	2019
Wages and salaries		2,332,574	2,433,006
Social security	costs	196,515	215,483
Other pension	costs	270,574	263,069

more we	re	:
			2020	2019
			Number	Number
f60,001	-	270,000	3	3
f80,001	-	f90,000	1	1

Tangible fixed assets	Tangible fixed assets
			Land and	Fixtures, Motor	vehicles	Total
			buildings	fittings &
				equipment
Cost
At 1 September 2019			4,596,989	662,822	164,058	5,423,869
Additions				14,916	9,494	24,410
Disposals				(152,646)	(4,528)	(157,174)
At 31August	2020		4,596,989	525,092	169,024	5,291,105
Depreciation	and impairment
At 1 September 2019				480,182	95,078	575,260
Depreciation	charged	in the year		32,184	31,064	63,248
Eliminated in	respect ofdisposals			(152,646)	(4,528)	(157,174)
At 31August	2020			359,720	121,614	481,334
Carrying amount
At 31August	2020		4,596,989	165,372	47,410	4,809,771
At 31August	2019		4,596,989	182,640	68,980	4,848,609

2020	2019
5,899	24,433

14	Debtors
			2020	2019
	Amounts falling due within one year:
	Trade debtors		62,808	176,599
	Other debtors		86,692
	Prepayments	and accrued income	33,407	21,330
			182,907	197,929
15	Loans and overdrafts
			2020	2019f
	Bank overdrafts			263,980
	Payable within	one year		263,980

					2020	2019
Within	one	year			15,183	13,954
Within	two	and	five	years	2,591	17,717
					17,774	31,671

			2020	2019
		Notes
Bank overdrafts		15		263,980
Obligations under finance leases		16	17,774	14,212
Other taxation and social security			56,191	51,914
Payments received on	account		483,589	435,433
Trade creditors			72,061	26,572
Other creditors			132,412	199,941
Accruals and deferred	income		49,024	77,119
			811,051	1,069,171

				Notes	2020f	2019f
Obligations	under	finance	leases	16		17,459

				Balance at	Resources	Transfers	Balance at	Resources	Balance at
			1	September	expended		1 September	expended	31August
				2018			2019		2020
							f
Science	Facilities	Fund		33,707	(3,470)	(3,470)	26,767	(3,470)	23,297

Analysis ofnet assets between funds
	Unrestricted	Designated	Restricted	Total	Unrestricted	Designated	Restricted	Total
	2020	2020	2020	2020	2019	2019	2019	2019
	f		6	6		f	F	6
Fund balances at 31August 2020 are represented
by:
Tangible assets	4,809,771			4,809,771	4,848,609			4,848,609
Current assets/(liabilities)	(644,251)	61,995	23,297	(558,959)	(935,038)	61,995	26,767	(846,276)
Long term liabilities					(17,459)			(17,459)
	4,165,520	61,995	23,297	4,250,812	3,896,112	61,995	26,767	3,984,874

		Movement in funds	Movement in funds
	Balance at	Incornlng	Burssrles and	Transfers	Balance at	Bursarles snd	Transfers	Balance st
	1 September	resources	allowances		1 September	allowances		31August
	2010				2010			2020
					6	f
Major Repairs Fund
Bursary Fund	60,594	901	(407,806)	408,306	61,995	(395,614)	395,614	61,995
	60,594	901	(407,806)	408,306	61,995	(395,614)	395,614	61,995

		2020	2019
Aggregate	compensation	330,816	295,816

24	Cash generated from	operations						2020f	2019
	Surplus for the year							265,938	11,462
	Adjustments for:
	Investment income recognised in		statement		offinancial	activities		(201)	(54)
	Loss/(gain) on disposal	oftangible	fixed	assets				243	(1,500)
	Depreciation and impairment oftangible			fixed assets				63,248	64,970
	Movements in working	capital:
	Decrease in stocks							18,534	10,060
	Decrease in debtors							15,022	18,642
	Increase/(decrease) in	creditors						2,298	(19,837)
	Cash generated from	operations						365,082	83,743
25	Analysis ofchanges	in net funds/(debt)
							At 1 September	Cash flows	At 31August
							2019		2020
	Cash at bank and in hand						533	62,753	63,286
	Bank overdrafts						(263,980)	263,980
							(263,447)	326,733	63,286
	Obligations under finance leases						(31,671)	13,897	(17,774)
							(295,118)	340,630	45,512

						2020		2019
Donations and legacies
Donations and gifts - unrestricted					3,520		8,864
Donations and gifts - Designated							901
						3,520		9,765
Investment income
UF Other interest receivable	operating					201		54
Incoming resources from	charitable		activities
Tuition Fees					3,894,614		4,100,754
Specialist tuition fees					12,757		26,662
Boarding charges					263,004		266,255
Registration fees					4,700		4,899
Gross school fees						4,175,075		4,398,570
Bursaries and allowances					(812,732)		(863,137)
Income from lunches					85,042		124,346
Income from school bus service					137,514		219,238
Hire ofschool facilities					689		10,235
Sundry income					6,335		14,533
						(583,152)		(491,815)
Other incoming resources
UF Gain on disposal oftangible		fixed	assets				1,500
Other income- Coronavirus	job	retention		scheme	410,844
						410,844		1,500
Total incoming resources						4,006,488		3,915,104
Balance Carried Forward						4,006,488		3,915,104

			2020f		2019
Balance Brought	Forward		4,006,488		3,915,104
Resources ex ended
Charitable activities
Education Costs
Teachers Salaries		1,920,882		2,089,996
Books, stationery	and consumables	66,401		81,035
Sundry expenses		3,576		20,437
			(1,990,859)		(2,191,468)
Catering Costs
Salaries		107,174		117,142
Repairs and renewals		232		1,589
Heat and light		1,523		1,734
Food costs		68,610		104,628
			(177,539)		(225,093)
Balance Carried	Forward		1,838,090		1,498,543

					2020		2019f
Balance Brought Forward					1,838,090		1,498,543
Boarding, Property and Transport Costs
Boarding salaries				119,046		113,221
Property and transport salaries				285,964		290,683
Fixtures and fittings depreciation				28,714		32,060
Motor vehicle depreciation				31,064		29,440
Fixtures and fittings depreciation		- restricted		3,470		3,470
Repairs and cleaning expenses				166,365		144,924
Heat and light				73,994		86,903
Rates and insurances				69,279		69,815
Other boarding costs				6,213		9,659
Motor and transport costs				15,086		19,408
School bus service				107,088		130,280
					(906,283)		(928,867)
Administration and General Overhead			Costs
Salaries				366,597		300,516
Equipment maintenance and repairs				5,709		2,238
General administration expenses				19,637		18,254
Postage, stationery, advertising		and telephone		94,802		83,474
Bank charges and interest				6,462		11,240
Staff recruitment costs				2,330		2,598
Introductory commission				14,257		18,710
Subscriptions				30,630		27,731
Bad debts				95,250		62,452
Hire purchase interest				2,129		3,509
					(637,803)		(530,722)
Audit fees				8,000		8,000
Auditors' fees for non-audit	work			1,817		7,609
Legal and professional				18,006		10,886
					(27,823)		(26,495)
Other resources expended
Loss on disposal oftangible	fixed assets				(243)
Surplus for the Year from	charitable		activities		265,938		11,463
Surplus for the Year					265,938		11,463