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|Governors|Governors||Mr. A. E. R. Bell||(Resigned|31August 2023)|
|---|---|---|---|---|---|---|
||||Dr. E.C. Miller||||
||||Mr. A. N. Birkett||(Resigned|21 October 2022)|
||||Mr T. M. Bramald|(Chairman)|||
||||Mrs. D. L. Dakers||(Resigned|29June 2023)|
||||Mrs. A. R. Marshall||||
||||Mrs. P.J.Derries||||
||||Mr. M. Mole||||
||||Mrs. S.Dunford||(Appointed|10October 2022)|
||||Mr. E. Roney||||
||||Dr. J.Watson||||
||||Mr P. Evans||(Appointed|8 February 2023)|
||||Mrs i. Cheer||(Appointed|8 February 2023)|
|Headmaster|||Mr J.C. E.Lee||||
|Secretary|||Mrs V.J.Bryson||||
|Charity|number||513534||||
|Company||number|01675232||||
|Principal|address||Longridge
Towers||||
||||Berwick-upon-Tweed||||
||||Northumberland||||
||||TD15 2XQ||||
|Registered||office|Longridge
Towers||||
||||Berwick-upon-Tweed||||
||||Northumberland||||
||||TD15 2XQ||||
|Auditor|||Greaves West &Ayre||||
||||17Walkergate||||
||||Berwick-upon-Tweed||||
||||Northumberland||||
||||TD15 1DJ||||
|Bankers|||Barclays Bank P.L.C.||||
||||22I24 Hide
Hill||||
||||Benjvick upon Tweed||||
||||TD15 1AF||||
##
##
|||Page|
|---|---|---|
|Governors'
report||1-11|
|Independent
auditor's|report|12 - 15|
|Statement
offinancial|activities|16|
|Balance sheet||17|
|Statement
ofcash flows||18|
|Notes to the financial|statements|19-33|
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|||||||Unrestricted
Unrestricted|Unrestricted
Unrestricted|Restricted|Total|Unrestricted|Unrestricted|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||funds|funds|funds||funds||funds|funds||
|||||||general|designated|||general|designated||||
|||||||2O23|2O23|2023|2023|2022||2022|2022|2022|
||||||Notes||6|6|f|6||6|6|5|
|Income and endowments|||from:||||||||||||
|Donations
and|legacies||||3|175|||175|50||||50|
|Charitable
activities|||||6|5,133,858|(442,191)||4,691,667|4,556,076||(453,900)||4,102,176|
|Investments|||||4|5,311|||5,311|298||||298|
|Other income|||||5|||||34,523||||34,523|
|Total income||||||5,139,344|(442,191)||4,697,153|4,590,947||(453,900)||4,137,047|
|Charitable
activities|||||9|4,470,135||6,205|4,476,340|4,087,079|||3,470|4,090,549|
|Net Income/(expenditure)||||||669,209|(442,191)|(6,205)|220,813|503,868||(453,900)|(3,470)|46,498|
|Transfers
between||funds||||(442,191)|442,191|||(453,900)||453,900|||
|Net movement|in funds|||||227,018||(6,205)|220,813|49,968|||(3,470)|46,498|
|Reconciliation|offunds:||||||||||||||
|Fund balances|at 1|September 2022||||4,322,521|61,995|16,359|4,400,875|4,272,554||61,995|19,828|4,354,377|
|Fund balances|at|31August 2023||||4,549,539|61,995|10,154|4,621,688|4,322,522||61,995|16,358|4,400,875|
|The statement|offinancial||activities|includes|all gains and losses|recognised
in|the year. All income and expenditure
derive from continuing|||||activities.|||
##
##
||||||||2023||2022||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Notes|F||||
|Fixed assets|||||||||||
|Tangible assets||||||12||4,824,914||4,806,162|
|Current assets|||||||||||
|Stocks||||||13|8,154||10,377||
|Debtors||||||14|336,226||413,297||
|Cash at bank||and|in|hand|||481,780||449,523||
||||||||826,160||873,197||
|Creditors:
one year|amounts|||falling|due within|16|1,029,386||1,278,484||
|Net current|liabilities|||||||(203,226)||(405,287)|
|Total assets||less|current liabilities|||||4,621,688||4,400,875|
|The funds|ofthe||charitable||company||||||
|Restricted|income||funds|||||10,154||16,358|
|Unrestricted||funds|-|general||||724,810||497,793|
|Revaluation||reserve||||||3,824,729||3,824,729|
|Unrestricted||funds|-|designated||17||61,995||61,995|
|||||||||4,621,688||4,400,875|
##
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|||||2023||2022||
|---|---|---|---|---|---|---|---|
||||Notes|K||K||
|Cash flows from operating||activities||||||
|Cash generated
from operations|||||126,401||260,974|
|Investing|activities|||||||
|Purchase|oftangible
fixed assets|||(101,005)||(85,318)||
|Proceeds|from disposal oftangible
fixed|||||||
|assets||||1,550||34,519||
|Investment|income received|||5,311||298||
|Net cash|used
in investing|activities|||(94,144)||(50,501)|
|Financing|activities|||||||
|Payment|ofobligations
under finance leases|||||(3,877)||
|Net cash|used
in financing|activities|||||(3,877)|
|Net increase
in cash and cash equivalents|||||32,257||206,596|
|Cash and|cash equivalents|at beginning|ofyear||449,523||242,927|
|Cash and|cash equivalents|at end ofyear|||481,780||449,523|
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|Other incom|e||||||
|---|---|---|---|---|---|---|
||||||Unrestricted|Unrestricted|
||||||funds|funds|
||||||general|general|
||||||2023|2022|
|Net gain on|disposal|oftangible||fixed assets||33,270|
|Coronavirus|job retention||scheme|||1,253|
|||||||34,523|
##
|||Unrestricted|Tots I 2022|
|---|---|---|---|
|||Funds||
|||2023||
|Tuition fees||4,740,425|4,254,831|
|School meals||149,461|126,869|
|Boarding||187,076|150,637|
|School bus||320,034|250,007|
|Hire ofschool facilities||300|1,689|
|Registration||6,244|9,400|
|Sundry
income||17,627|22,607|
|Trip income||125,685|96,018|
|Less: Bursaries||(855,185)|(809,882)|
|||4,691,667|4,102,176|
|Analysis
by fund||||
|Unrestricted|funds - general|5,133,858|4,556,076|
|Unrestricted|funds - designated|(442,191)|(453,900)|
|||4,691,667|4,102,176|
##
##
|7|Support costs|Support costs|||||||
|---|---|---|---|---|---|---|---|---|
||||Support|Governance|2023|Support|Governance|2022|
||||costs|costs||costs|costs||
||||K|E|K||||
||Audit fees|||24,454|24,454||13,863|13,863|
||Legal and|professional||12,482|12,482||23,324|23,324|
|||||36,936|36,936||37,187|37,187|
||Analysed|between|||||||
||Charitable|activities||36,936|36,936||37,187|37,187|
##
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|Charitable
activities||||||||||
|---|---|---|---|---|---|---|---|---|---|
||||Education
Costs|Catering
Costs|Boarding
&
Property|Transport
Costs|General
Admin
&|Total
2023|Total
2022|
||||||Costs||Overhead|||
||||||||Costs|||
||||||f|E|6||8|
|Staff costs|||2,281,289|115,622|153,735|331,849|337,937|3,220,432|3,001,402|
|Depreciation
and impairment
Teaching resources
Repairs and cleaning
Hest snd light
Food costs|||85,131|3,792
3,459
118,319|48,180
175,091
117,090|32,521|3,239|80,701
85,131
182,122
120,549
118,319|80,871
62,295
263,196
95,093
91,626|
|Motor expenses
Rates and insurances|||||64,953|26,733||26,733
64,953|14,121
58,425|
|Cost oftrips|||129,665|||||129,665|102,786|
|School bus service costs||||||192,208||192,208|146,771|
|General
admin|||43,383||7,962||31,375|82,720|50,618|
|Postage, stationery,
advertising
Bank charges and interest||and telephone|||||89,487
7,608|89,487
7,608|79,435
7,274|
|Staff recruitment
costs|||||||12,540|12,540|8,318|
|Subscriptions|||||||11,764|11,764|18,943|
|Bad debts|||||||14,472|14,472|(27,812)|
||||2,539,468|241,192|567,011|583,311|508,422|4,439,404|4,053,362|
|Share of governance|costs (see|note 7)|24,100|354|12,482|||36,936|37,187|
||||2,563,568|241,546|579,493|583,311|508,422|4,476,340|4,090,549|
##
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||||Education|Catering|Boarding &|Transport|General|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
||||Costs|Costs|Property|Costs|Admln
&|2023|2022|
||||||Costs||Overhead|||
||||||||Costs|||
||||||||6|||
|Analysis|by fund|||||||||
|Unrestricted||funds - general|2,563,568|241,546|573,288|583,311|508,422|4,470,135||
|Restricted||funds|||6,205|||6,205||
||||2,563,568|241,546|579,493|583,311|508,422|4,476,340||
|Forthe year ended 31August 2022||||||||||
|Unrestricted||funds - general|2,434,612|207,015|572,819|460,612|412,021||4,087,079|
|Restricted||funds|||3,470||||3,470|
||||2,434,612|207,015|576,289|460,612|412,021||4,090,549|
##
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|||2023|2022|
|---|---|---|---|
|||Number|Number|
|Teaching||52|48|
|Administration||12|12|
|Other||38|38|
|||102|98|
|Employment|costs|2023|2022|
|||E|E|
|Wages and salaries||2,667,782|2,557,855|
|Social security|costs|272,043|204,305|
|Other pension|costs|280,608|239,242|
|were:||||
|---|---|---|---|
|||2023|2022|
|||Number|Number|
|660,001|- F70,000|3|1|
|F70,001|- F80,000||1|
|F80,001|- F90,000|||
##
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##
|Tangible fixed assets|Tangible fixed assets|||||||
|---|---|---|---|---|---|---|---|
|||||Land and|Fixtures,|Motor|Total|
|||||buildings|fittings
&|vehicles||
||||||equipment|||
||||||K|||
|Cost||||||||
|At 1 September 2022||||4,596,989|594,190|152,264|5,343,443|
|Additions||||19,560|41,487|39,958|101,005|
|Disposals||||||(3,100)|(3,100)|
|At 31August|2023|||4,616,549|635,677|189,122|5,441,348|
|Depreciation|and impairment|||||||
|At 1 September 2022|||||445,229|92,054|537,283|
|Depreciation|charged|in|the year||48,180|32,521|80,701|
|Eliminated
in|respect of||disposals|||(1,550)|(1,550)|
|At 31August|2023||||493,409|123,025|616,434|
|Carrying
amount||||||||
|At 31August|2023|||4,616,549|142,268|66,097|4,824,914|
|At 31August|2022|||4,596,989|148,962|60,211|4,806,162|
|All tixed assets are used|||in direct furtherance|ofthe charity's objects.||||
##
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|14|Debtors||||||
|---|---|---|---|---|---|---|
||||||2023|2022|
||Amounts
falling due|||within one year:|||
||Trade debtors||||182,168|129,545|
||Other debtors||||4,301|121,032|
||Prepayments|and accrued income|||149,757|162,720|
||||||336,226|413,297|
|16|Creditors: amounts|||falling due within one year|||
||||||2023|2022|
||||||E||
||Other taxation|and social security||||53,754|
||Payments
received
Trade creditors||on account||393,362
141,671|473,003
201,753|
||Other creditors||||276,400|258,743|
||Accruals and|deferred||income|217,953|291,231|
||||||1,029,386|1,278,484|
##
|balances|ofdonati|ons
and grants
held on trus|t for specific purposes:||||
|---|---|---|---|---|---|---|
||||At 1|Resources|At|31August|
||||September|expended||2023|
||||2022||||
||||E||||
|Science|Facilities|Fund|16,359|(6,205)||10,154|
|Previous|year:||At 1
September|Resources
expended|At|31August
2022|
||||2021||||
||||K|f|||
|Science|Facilities|Fund|19,828|(3,470)||16,358|
##
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##
##
|||At 1|Incoming|Transfers|At 31August|
|---|---|---|---|---|---|
|||September|resources||2023|
|||2022||||
||||E|f|E|
|Bursary|Fund|61,995|(442,191)|442,191|61,995|
|Previous|year:|At 1|Incoming|Transfers|At 31August|
|||September|resources||2022|
|||2021||||
|Bursary|Fund|61,995|(453,900)|453,900|61,995|
##
|18|Analysis|of net assets between|funds|Unrestricted|Designated|Restricted|Total|Unrestricted|Designated|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||2023
f|2023|2023
f|2023
E|2022
E|2022
E|2022
E|2022
E|
||Fund balances at 31August 2023||are represented|||||||||
||by:
Tangible
Current|assets
assets/(liabilities)||4,817,976
(268,437)|61,995|6,938
3,216|4,824,914
(203,226)|4,795,754
(473,232)|61,995|10,408
5,950|4,806,162
(405,287)|
|||||4,549,539|61,995|10,154|4,621,688|4,322,522|61,995|16,358|4,400,875|
##
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##
|2023|2022|
|---|---|
|E|K|
|341,849|297,423|
##
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##
|21|Cash generated
from|operations||||2023|2022|
|---|---|---|---|---|---|---|---|
||Surplus
for the year|||||220,815|46,497|
||Adjustments
for:
Investment
income recognised
in statement|||offinancial|activities|(5,311)|(298)|
||Gain on disposal
oftangible
fixed assets
Depreciation
and impairment
oftangible||fixed assets|||80,701|(33,270)
80,871|
||Movements
in working|capital:||||||
||Decrease/(increase)
in|stocks||||2,223|(1,192)|
||Decrease/(increase)
in|debtors||||77,071|(268,760)|
||(Decrease)/increase
in|creditors||||(249,098)|437,126|
||Cash generated
from|operations||||126,401|260,974|
|22|Analysis
ofchanges|in net funds||||||
##
##
##
||||||2023||2022|
|---|---|---|---|---|---|---|---|
||||||||E|
|Donations
and legacies||||||||
|Donations
and gifts|||||175||50|
|Investment
income||||||||
|Other interest receivable|||||5,311||298|
|Incoming
resources
from|charitable|activities||||||
|Tuition fees||||4,711,294||4,231,368||
|Specialist tuition fees||||29,131||23,463||
|Boarding charges||||187,076||150,637||
|Registration
fees||||6,244||9,400||
|Gross school fees|||||4,933,745||4,414,868|
|Bursaries
and allowances||||(855,185)||(809,882)||
|Income from lunches||||149,461||126,869||
|Income from school bus service||||320,034||250,007||
|Trip income||||125,685||96,018||
|Hire ofschool facilities||||300||1,689||
|Sundry
income||||17,627||22,607||
||||||(242,078)||(312,692)|
|Other incoming
resources||||||||
|Gain on disposal oftangible|fixed assets|||||33,270||
|Other income - Coronavirus|job retention||scheme|||1,253||
||||||||34,523|
|Total incoming
resources|||||4,697,153||4,137,047|
|Balance Carried Forward|||||4,697,153||4,137,047|
##
##
||||2023||2022|
|---|---|---|---|---|---|
||||E||E|
|Balance Brought|Forward||4,697,153||4,137,047|
|Resources ex ended||||||
|Charitable
activities||||||
|Education Costs||||||
|Teachers salaries||2,281,289||2,188,970||
|Books, stationery|and consumables|85,131||62,295||
|Sundry expenses||43,383||30,191||
|Cost oftrips||129,665||102,786||
||||(2,539,468)||(2,384,242)|
|Catering Costs||||||
|Salaries||115,622||108,351||
|Repairs and renewals||3,792||3,637||
|Heat and light||3,459||3,058||
|Food costs||118,319||91,626||
||||(241,192)||(206,672)|
|Balance Carried|Forward||1,916,493||1,546,133|
##
##
||||||||2023||2022|
|---|---|---|---|---|---|---|---|---|---|
||||||||E|||
|Balance Brought Forward|||||||1,916,493||1,546,133|
|Boarding, Property|and Transport||Costs|||||||
|Boarding salaries||||||153,735||133,924||
|Property
and transport
salaries||||||331,849||259,169||
|Fixtures and fittings depreciation||||||44,710||36,850||
|Motor vehicle depreciation||||||32,521||40,551||
|Fixtures and fittings depreciation||-Restricted|||fund|3,470||3,470||
|Repairs and cleaning|expenses|||||172,356||258,249||
|Heat and light||||||117,090||92,035||
|Rates and insurances||||||64,953||58,425||
|Other boarding
costs||||||7,962||6,862||
|Repairs and cleaning|expenses|- Restricted|||fund|2,735||||
|Motor and transport
costs||||||26,733||14,121||
|School bus service||||||192,208||146,771||
||||||||(1,150,322)||(1,050,427)|
|Administration
and|General Overhead|||Costs||||||
|Salaries||||||337,937||310,988||
|Equipment
maintenance
and repairs||||||3,239||1,310||
|General
administration|expenses|||||31,375||13,565||
|Postage, stationery,
advertising||and telephone||||89,487||79,435||
|Bank charges and interest||||||7,608||7,274||
|Staff recruitment
costs||||||12,540||8,318||
|Subscriptions||||||11,764||18,943||
|Bad debts||||||14,472||(27,812)||
||||||||(508,422)||(412,021)|
|Audit fees||||||24,454||13,863||
|Legal and professional||||||12,482||23,324||
||||||||(36,936)||(37,187)|
|Surplus for the Year|from charitable||activities||||220,813||46,498|
|Surplus for the Year|||||||220,813||46,498|