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2021-08-31-accounts

Governors 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 (Resigned 3October 2021)
Mr. M. Mole (Appointed 16March 2021)
Mr JA Houston (Deceased 11 January 2021)
Headmaster Mr JCE Lee
Secretary Mrs VJ Bryson
Charity number 513534
Company number 01675232
Principal address Longridge
Towers
Berwick-upon-Tweed
Northumberland
TD152XQ
Registered office 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
Independent auditor's report 11 - 14
Statement offinancial activities 15-16
Balance sheet 17 - 18
Statement ofcash flows 19
Notes to the financial statements 20-35

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2021 2020
Notes
Fixed assets
Tangible assets 12 4,802,963 4,809,771
Current assets
Stocks 13 9,185 5,899
Debtors 14 144,537 182,907
Cash at bank and in hand 242,927 63,286
396,649 252,092
Creditors: amounts falling due within
one year (845,235) (811,051)
Net current liabilities (448,586) (558,959)
Total assets less current liabilities 4,354,377 4,250,812
Income funds
Restricted funds 17 19,828 23,297
Unrestricted funds
Designated funds 61,995 61,995
General
unrestricted		 funds 447,825 340,791
Revaluation reserve 3,824,729 3,824,729
4,334,549 4,227,515
4,354,377 4,250,812

2021 2020
Notes
Cash flows from operating activities
Cash generated
from operations		 22 257,397 365,082
Investing activities
Purchase oftangible
fixed assets		 (66,909) (24,410)
Proceeds on disposal oftangible fixed
assets 3,000 (243)
Investment income received 50 201
Net cash used in investing activities (63,859) (24,452)
Financing activities
Payment of obligations
under		 finance
leases (13,897) (13,897)
Net cash used in financing activities (13,897) (13,897)
Net increase
in cash and cash		 equivalents 179,641 326,733
Cash and cash equivalents at beginning ofyear 63,286 (263,447)
Cash and cash equivalents at end of year 242,927 63,286

Tot.al Total
2021 2020
F
Donations and gifts 3,520
4 Investments
Unrestricted Unrestricted
funds funds
general general
2021 2020
f F
50 201
Unrestricted Unrestricted
funds funds
general general
2021 2020
Net gain on disposal oftangible fixed assets 3,000
Coronavirus job retention scheme 126,963 410,844
129,963 410,844

Unrestricted Total 2020
Funds
2021
Tuition fees 3,879,323 3,907,371
School meals 93,870 85,042
Boarding 162,303 263,004
School bus 154,042 137,514
Hire of school facilities 2,190 689
Registration 5,000 4,700
Sundry
income		 6,058 6,335
Less: Bursaries (776,000) (812,732)
3,526,786 3,591,923
Analysis
by fund
Unrestricted funds - general 3,915,241 3,987,537
Unrestricted funds - designated (388,455) (395,614)
3,526,786 3,591,923

Support costs
Support Governance 2021 Support Governance 2020
costs costsf costs
F		 costs
Audit fees 8,415 8,415 8,000 8,000
Accountancy
and other		 1,817 1,817
Legal and professional 15,610 15,610 18,006 18,006
24,025 24,025 27,823 27,823
Analysed between
Charitable activities 24,025 24,025 27,823 27,823

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2021 2020
Number Number
Teaching 45 45
Administration 15 15
Other 20 21
80 81
Employment costs 2021 2020
f. F
Wages and salaries 2,313,255 2,321,111
Social security costs 196,515 215,483
Other pension costs 270,574 263,069
more we re :
2021 2020
Number Number
f60,001 - 870,000 3 3
F80,001 - 890,000 1 1

Total Total
f
2021 2020
Net loss on disposal oftangible fixed assets 243

12 Tangible fixed assets Tangible fixed assets
Land and Fixtures, INotor vehicles Total
buildings fittings
&
equipment
F
Cost
At 1 September 2020 4,596,989 525,092 169,025 5,291,106
Additions 51,369 15,540 66,909
Disposals (32,907) (32,907)
At 31August 2021 4,596,989 576,461 151,658 5,325,108
Depreciation and impairment
At 1 September 2020 359,721 121,614 481,335
Depreciation charged in the year 45,188 28,529 73,717
Eliminated
in		 respect ofdisposals (32,907) (32,907)
At 31August 2021 404,909 117,236 522,145
Carrying
amount
At 31August 2021 4,596,989 171,552 34,422 4,802,963
At 31August 2020 4,596,989 165,372 47,410 4,809,771

14 Debtors Debtors
Amounts
falling due within one		 year: 2021f 2020
Trade debtors 110,952 62,808
Other debtors 1,874 86,692
Prepayments
and accrued income		 31,711 33,407
144,537 182,907
15 Finance lease commitments
Future minimum
lease payments		 due under finance leases:
2021f 2020f
Within one year 3,877 15,183
Within two and five years 2,591
3,877 17,774

Creditors: amounts
f		 alling due within one year
Notes 2021f 2020
Obligations
under finance leases		 15 3,877 17,774
Other taxation
and social security		 56,191
Payments
received on		 account 561,064 483,589
Trade creditors 79,234 72,061
Other creditors 169,288 132,412
Accruals and deferred income 31,772 49,024
845,235 811,051

Balance at Resources Balance at Resources Balance at
1 September expended 1 September expended 31August
2019 2020 2021
f F f
Science Facilities Fund 26,767 (3,470) 23,298 (3,470) 19,828

Balance at Bursarles
and		 Transfers Balance at Bursarles and Transfers Balance at
1 September allowances 1 September allowances 31August
2019 2020 2021
f
Bursary Fund 61,995 (395,614) 395,614 61,995 (388,455) 388,455 61,995
61,995 (395,614) 395,614 61,995 (388,455) 388,455 61,995

22 Cash generated
from		 Cash generated
from		 operations operations 2021f 2020
F
Surplus
for		 the year 103,565 265,938
Adjustments for:
Investment income recognised in statement offinancial activities (50) (201)
(Gain)/loss on disposal oftangible fixed assets (3,000) 243
Depreciation and impairment oftangible fixed assets 73,717 63,248
Movements in working capital:
(Increase)/decrease
in		 stocks (3,286) 18,534
Decrease
in debtors		 38,370 15,022
Increase
in		 creditors 48,081 2,298
Cash generated
from		 operations 257,397 365,082
23 Analysis
ofchanges		 in net funds
At 1September Cash flows At 31August
2020 2021
F
Cash at bank and in hand 63,286 179,641 242,927
Obligations under finance leases (17,774) 13,897 (3,877)
45,512 193,538 239,050

2021 2020
Donations
and legacies
Donations
and gifts - unrestricted		 3,520
Investment
income
UF Other interest receivable operating 50 201
Incoming
resources from		 charitable activities
Tuition Fees 3,873,936 3,894,614
Specialist tuition fees 5,387 12,757
Boarding charges 162,303 263,004
Registration
fees		 5,000 4,700
Gross school fees 4,046,626 4,175,075
Bursaries and allowances (776,000) (812,732)
Income from lunches 93,870 85,042
Income from school bus service 154,042 137,514
Hire ofschool facilities 2,190 689
Sundry income 6,058 6,335
(519,840) (583,152)
Other incoming resources
UF Gain on disposal oftangible fixed assets 3,000
Other income- Coronavirus job retention scheme 126,963 410,844
129,963 410,844
Total incoming resources 3,656,799 4,006,488
Balance Carried Forward 3,656,799 4,006,488

2021f 2020
F
Balance Brought Forward 3,656,799 4,006,488
Resources ex ended
Charitable
activities
Education Costs
Teachers Salaries 1,912,481 1,920,882
Books, stationery and consumables 46,138 66,401
Sundry expenses 15,416 3,576
(1,974,035) (1,990,859)
Catering Costs
Salaries 109,113 107,174
Repairs and renewals 4,424 232
Heat and light 1,450 1,523
Food costs 65,213 68,610
(180,200) (177,539)
Balance Carried Forward 1,502,564 1,838,090

2021f 2020
f
Balance Brought Forward 1,502,564 1,838,090
Boarding, Property and Transport Costs
Boarding salaries 135,843 119,046
Property
and transport
salaries		 276,736 285,964
Fixtures and fittings depreciation 41,718 28,714
Motor vehicle depreciation 28,529 31,064
Fixtures and fittings depreciation - restricted 3,470 3,470
Repairs and cleaning expenses 171,869 166,365
Heat and light 75,908 73,994
Rates and insurances 70,299 69,279
Other boarding
costs		 4,643 6,213
Motor and transport costs 4,104 15,086
School bus service 116,612 107,088
(929,731) (906,283)
Administration
and General Overhead		 Costs
Salaries 346,171 366,597
Equipment
maintenance
and repairs		 3,136 5,709
General administration
expenses		 14,497 19,637
Postage, stationery,
advertising		 and telephone 64,421 94,802
Bank charges and interest 9,910 6,462
Staff recruitment
costs		 9,947 2,330
Introductory
commission		 713 14,257
Subscriptions 17,086 30,630
Bad debts (22,766) 95,250
Hire purchase
interest		 2,129 2,129
(445,244) (637,803)
Audit fees 8,415 8,000
Auditors' fees for non-audit work 1,817
Legal and professional 15,610 18,006
(24,025) (27,823)
Other resources expended
Loss on disposal oftangible fixed assets (243)
Surplus for the Year from charitable activities 103,564 265,938
Surplus for the Year 103,564 265,938