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## 

|Governors|Governors||Mr. A. E. R. Bell (Chairman)|||
|---|---|---|---|---|---|
||||Dr. E.C. Miller|||
||||Mr. A. N. Birkett|(Resigned|21 October 2022)|
||||Mr T. M. Bramald|||
||||Mrs. D. L. Dakers|||
||||Mrs. A. R. Marshall|||
||||Mrs. P.J. Derries|||
||||Mrs. S.J.S. Dalrymple|(Resigned|3 October 2021)|
||||Mr. M. Mole|||
||||Mrs. S.Dunford|(Appointed|10October 2022)|
||||Mr. E. Roney|(Appointed|8 March 2022)|
||||Dr.J.Watson|(Appointed|1 April 2022)|
|Headmaster|||MrJ.C. E.Lee|||
|Secretary|||Mrs V.J.Bryson|||
|Charity|number||513534|||
|Company||number|01675232|||
|Principal|address||Longridge<br>Towers|||
||||Berwick-upon-Tweed|||
||||Northumberland|||
||||TD152XQ|||
|Registered||office|Longridge<br>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<br>Hill|||
||||Berwick upon Tweed|||
||||TD15 1AF|||





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|||Page|
|---|---|---|
|Governors'<br>report|||
|Independent<br>auditor's|report||
|Statement<br>of financial|activities||
|Balance sheet||16|
|Statement<br>ofcash flows||17|
|Notes to the financial|statements|18-32|





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|||||Unrestricted|Unrestricted|Restricted|Total|Unrestricted|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds|funds||funds|funds|funds||
|||||general|designated|||general|designated|||
|||||2022|2022|2022|2022|2021|2021||2021|
||||Notes||6|6|F||F.||F|
|income and endowments||from:||||||||||
|Donations|and legacies||3|50|||50|||||
|Charitable|activities||6|4,460,058|(453,900)||4,006,158|3,915,241|(388,455)||3,526,786|
|investments|||4|298|||298|50|||50|
|Other income|||5|34,523|||34,523|129,963|||129,963|
|Total income||||4,494,929|(453,900)||4,041,029|4,045,254|(388,455)||3,656,799|
|~Edit||||||||||||
|Charitable|activities||9|3,991,061||3,470|3,994,531|3,549,765||3,470|3,553,235|
|Other||||||||||||
|Net incoming/(outgoing)||resources before||||||||||
|transfers||||503,868|(453,900)|(3,470)|46,498|495,489|(388,455)|(3,470)|103,564|





## 

||||Unrestricted|Unrestricted|Restricted|Total|Unrestricted|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|---|
||||funds|funds|funds||funds|funds|funds||
||||general|designated|||general|designated|||
||||2022|2022|2022||2021|2021|2021|2021|
|||||6|6||6|||6|
|Net incoming/(outgoing)||resources before|||||||||
|transfers|||503,868|(453,900)|(3,470)|46,498|495,489|(388,455)|(3,470)|103,564|
|Gross transfers|between|funds|(453,900)|453,900|||(388,455)|388,455|||
|Net income/(expenditure)||for the year/|||||||||
|Net movement|in funds||49,968||(3,470)|46,498|107,034||(3,470)|103,564|
|Fund balances|at 1 September 2021||4,272,554|61,995|19,828|4,354,377|4,165,520|61,995|23,298|4,250,813|
|Fund balances|at 31August 2022||4,322,522|61,995|16,358|4,400,875|4,272,554|61,995|19,828|4,354,377|





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||||||||2021||
|---|---|---|---|---|---|---|---|---|
|||||Notes|||||
|Fixed assets|||||||||
|Tangible assets||||||4,806,162||4,802,963|
|Current assets|||||||||
|Stocks||||12|10,377||9,185||
|Debtors||||13|312,205||144,537||
|Cash at bank and||in|hand||449,523||242,927||
||||||772,105||396,649||
|Creditors:|amounts||falling due within||||||
|one year||||15|(1,177,392)||(845,235)||
|Net current|liabilities|||||(405,287)||(448,586)|
|Total assets less||current liabilities||||4,400,875||4,354,377|
|Income funds|||||||||
|Restricted|funds|||16||16,358||19,828|
|Unrestricted|funds||||||||
|Designated|funds|||17|61,995||61,995||
|General<br>unrestricted|||funds||497,793||447,825||
|Revaluation|reserve||||3,824,729||3,824,729||
|||||||4,384,517||4,334,549|
|||||||4,400,875||4,354,377|





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|||||2022||2021||
|---|---|---|---|---|---|---|---|
||||Notes|||||
|Cash flows from operating||activities||||||
|Cash generated<br>from operations|||21||260,974||257,397|
|Investing|activities|||||||
|Purchase|oftangible<br>fixed assets|||(85,318)||(66,909)||
|Proceeds|from disposal<br>oftangible<br>fixed|||||||
|assets||||34,519||3,000||
|Investment|income received|||298||50||
|Net cash|used<br>in investing|activities|||(50,501)||(63,859)|
|Financing|activities|||||||
|Payment|of obligations<br>under finance leases|||(3,877)||(13,897)||
|Net cash|used<br>in financing|activities|||(3,877)||(13,897)|
|Net increase<br>in cash and cash equivalents|||||206,596||179,641|
|Cash and|cash equivalents|at beginning|ofyear||242,927||63,286|
|Cash and|cash equivalents|at end ofyear|||449,523||242,927|





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|4|Investments|Investments||||||
|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Unrestricted|
|||||||funds|funds|
|||||||general|general|
|||||||2022|2021|
||||||||E|
||Interest|receivable||||298|50|
|6|Other income|||||||
|||||||Unrestricted|Unrestricted|
|||||||funds|funds|
|||||||general|general|
|||||||2022|2021|
||Net gain on||disposal oftangible||fixed assets|33,270|3,000|
||Coronavirus||job retention|scheme||1,253|126,963|
|||||||34,523|129,963|
|6|Charitable||activities|||||
|||||||Unrestricted|Total 2021|
|||||||Funds||
|||||||2022||
||Tuition|fees||||4,254,831|3,879,323|
||School|meals||||126,869|93,870|
||Boarding|||||150,637|162,303|
||School|bus||||250,007|154,042|
||Hire of|school facilities||||1,689|2,190|
||Registration|||||9,400|5,000|
||Sundry|income||||22,607|6,058|
||Less: Bursaries|||||(809,882)|(776,000)|
|||||||4,006,158|3,526,786|
||Analysis|by|fund|||||
||Unrestricted||funds - general|||4,460,058|3,915,241|
||Unrestricted||funds - designated|||(453,900)|(388,455)|
|||||||4,006,158|3,526,786|





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|7|Support costs|Support costs|||||||
|---|---|---|---|---|---|---|---|---|
||||Support|Governance|2022|Support|Governance|2021|
||||costs|costs||costs|costs||
||Audit fees|||13,863|13,863||8,415|8,415|
||Legal and|professional||23,324|23,324||15,610|15,610|
|||||37,187|37,187||24,025|24,025|
||Analysed|between|||||||
||Charitable|activities||37,187|37,187||24,025|24,025|



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|||||Education|Catering|Boarding<br>&|Transport|General|Total|Total|
|---|---|---|---|---|---|---|---|---|---|---|
|||||Costs|Costs|Property|Costs|Admin<br>&|2022|2021|
|||||||Costs||Overhead|||
|||||||||Costs|||
||||||E|||6|6||
|Staff costs||||2,188,970|108,351|133,924|259,169|310,988|3,001,402|2,780,344|
|Depreciation<br>and|impairment|||||40,320|40,551||80,871|73,717|
|Teaching resources||||69,063|||||69,063|46,138|
|Repairs and deaning|||||3,637|258,249||1,310|263,196|179,429|
|Heat and light|||||3,058|92,035|||95,093|77,358|
|Food costs|||||91,626||||91,626|65,213|
|Motor expenses|||||||14,121||14,121|4,104|
|Rates and insurances||||||58,425|||58,425|70,299|
|School bus service costs|||||||146,771||146,771|116,612|
|General<br>admin||||30,191||6,862||13,565|50,618|34,556|
|Postage, stationery,||advertising|and telephone|||||79,435|79,435|64,421|
|Bank charges and interest||||||||7,274|7,274|9,910|
|Staff recruitment|costs|||||||8,318|8,3'i 8|9,947|
|Commission||||||||||713|
|Subscriptions||||||||18,943|18,943|17,086|
|Bad debts||||||||(27,812)|(27,812)|(22,766)|
|Hire purchase<br>interest||||||||||2,129|
|||||2,288,224|206,672|589,815|460,612|412,021|3,957,344|3,529,210|
|Share ofgovernance||costs (see|note 7)|13,520|343|23,324|||37,187|24,025|
|||||2,301,744|207,015|613,139|460,612|412,021|3,994,531|3,553,235|





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|||Education|Catering|Boarding 8|Transport|General|Total||
|---|---|---|---|---|---|---|---|---|
|||Costs|Costs|Property|Costs|Adrnin<br>&|2022||
|||||Costs||Overhead|||
|||||||Costs|||
|Analysis<br>by fund|||||||||
|Unrestricted<br>funds - general||2,301,744|207,015|609,669|460,612|412,021|3,991,061||
|Restricted|funds|||3,470|||3,470||
|||2,301,744|207,015|613,139|460,612|412,021|3,994,531||
|For the year ended 31August 2021|||||||||
|Unrestricted|funds - general|2,023,753|180,615|474,172|425,981|445,244||3,549,765|
|Restricted funds||||3,470||||3,470|
|||2,023,753|180,615|477,642|425,981|445,244||3,553,235|





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|The average<br>|monthly<br>number<br>ofemployees<br>during t|he year was:||
|---|---|---|---|
|||2022|2021|
|||Number|Number|
|Teaching||48|49|
|Administration||12|13|
|Other||38|38|
|||98|100|
|Employment|costs|2022|2021|
|Wages and salaries||2,557,855|2,327,018|
|Social security|costs|204,305|203,409|
|Other pension|costs|239,242|249,917|



|The number|of employees|whose annual|remuneration|was f60,000 or more|||
|---|---|---|---|---|---|---|
|were:|||||||
||||||2022|2021|
||||||Number|Number|
|f60,001 - F70,000|||||1|3|
|F70,001 -280,000|||||1|1|





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|11|Tangible fixed assets|Tangible fixed assets||||||
|---|---|---|---|---|---|---|---|
|||||Land and|Fixtures, Motor vehicles||Totai|
|||||buildings|fittings a|||
||||||equipment|||
||Cost|||||||
||At 1 September 2021|||4,596,989|576,461|151,658|5,325,108|
||Additions||||17,729|67,589|85,318|
||Disposals|||||(66,983)|(66,983)|
||At 31August|2022||4,596,989|594,190|152,264|5,343,443|
||Depreciation|and impairment||||||
||At 1 September 2021||||404,909|117,236|522,145|
||Depreciation|charged|in the year||40,319|40,551|80,870|
||Eliminated<br>in|respect ofdisposals||||(65,734)|(65,734)|
||At 31August|2022|||445,228|92,053|537,281|
||Carrying<br>amount|||||||
||At 31August|2022||4,596,989|148,962|60,211|4,806,162|
||At 31August|2021||4,596,989|171,552|34,422|4,802,963|







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|13|Debtors|||
|---|---|---|---|
|||2022|2021|
||Amounts<br>falling due within one year:|||
||Trade debtors|129,545|110,952|
||Other debtors|121,032|1,874|
||Prepayments<br>and accrued income|61,628|31,711|
|||312,205|144,537|
|14|Finance lease commitments|||
||Future<br>minimum<br>lease payments<br>due under finance leases:|||
||||2021|
||Within one year||3,877|
||Hire purchase<br>loans are secured against the assets to which they relate.|||
|15|Creditors: amounts<br>falling due within one year|||
|||2022|2021|
||Notes|F||
||Obligations<br>under finance leases||3,877|
||Other taxation<br>and social security|53,754||
||Payments<br>received on account|473,003|561,064|
||Trade creditors|201,753|79,234|
||Other creditors|157,651|169,288|
||Accruals and deferred<br>income|291,231|31,772|
|||1,177,392|845,235|





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|||||Balance at|Resources|Balance at|Resources|Balance at|
|---|---|---|---|---|---|---|---|---|
||||1|September|expended|1 September|expended|31August|
|||||2020||2021||2022|
|Science|Facilities|Fund||23,298|(3,470)|19,828|(3,470)|16,358|



## 

||||Balance at|Bursarles and|Transfers|Balance at|Bursaries and|Transfers|Balance at|
|---|---|---|---|---|---|---|---|---|---|
|||1|September|allowances||1September|allowances||31August|
||||2020|||2021|||2022|
|||||||'E||||
|Bursary|Fund||61,995|(388,455)|388,455|61,995|(453,900)|453,900|61,995|
||||61,995|(388,455)|388,455|61,995|(453,900)|453,900|61,995|





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|18|Analysis|ofnet assets between|funds|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Designated|Restricted|Total|Unrestricted|Designated|Restricted|Total|
|||||2022|2022|2022|2022|2021|2021|2021|2021|
||||||||F|||8||
||Fund balances at 31August 2022||are represented|||||||||
||by:|||||||||||
||Tangible|assets||4,795,754||10,408|4,806,162|4,789,085||13,878|4,802,963|
||Current|assets/(liabilities)||(473,232)|61,995|5,950|(405,287)|(516,531)|61,995|5,950|(448,586)|
|||||4,322,522|61,995|16,358|4,400,875|4,272,554|61,995|19,828|4,354,377|





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|21|Cash generated<br>from|Cash generated<br>from|operations|operations|||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||F||
||Surplus<br>for the year||||||||46,497|103,565|
||Adjustments<br>for:||||||||||
||Investment<br>income|recognised<br>in statement||||of financial|activities||(298)|(50)|
||Gain on disposal<br>of|tangible||fixed assets|||||(33,270)|{3,000)|
||Depreciation<br>and impairment|||oftangible|fixed assets||||80,871|73,717|
||Movements<br>in working||capital:||||||||
||(Increase)<br>in stocks||||||||(1,192)|(3,286)|
||{Increase)/decrease|in|debtors||||||(167,668)|38,370|
||Increase<br>in creditors||||||||336,034|48,081|
||Cash generated<br>from||operations||||||260,974|257,397|
|22|Analysis<br>ofchanges||in net|funds|||||||
|||||||||At 1 September|Cash flows|At 31 August|
|||||||||2021||2022|
||Cash at bank and<br>in|hand||||||242,927|206,596|449,523|
||Obligations<br>under finance leases|||||||(3,877)|3,877||
|||||||||239,050|210,473|449,523|