## # ## ## |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| ## ## ## ## |12|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| ## ## |20|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|