2020-07-31-accounts

			Page
Legal and Administrative		Details
Report ofthe Governors			2-8
Independent Auditor's	Report		9-10
Statement ofFinancial	Activities
Balance Sheet			12
Cash Flow Statement
Notes to the Accounts			14-25

COMPANY REGISTRATION NUMBER:	00572205
CHARITY REGISTRATION NUMBER:	527386
REGISTERED OFFICE:	The Avenue
	Eaglescliffe
	Stockton on Tees
	TS169AT
GOVERNORS AND DIRECTORS	Mr RRTindle
(REFERRED TO AS GOVERNORS):	Mrs A Greenwood
	Mr C AS Atha
	Mr D H Lister (resigned 6 January 2020)
	Mr C G Watson
	Mr RJ Stone
	Mr TG Watson
	Mr TCook
	Mr A Warrior
	Mrs A Guest
	Dr A Steele
	Mrs KNorton (appointed 6 January 2020: resigned		7October 2020)
THE HEADTEACHER:	Mrs KMackenzie
SENIOR LEADERSHIP TEAM:	Mrs KMackenzie	(Head Teacher)
	Mrs SLangstaff	(Finance Manager)
	Miss N Stephens	(Deputy Head, Pastoral)
	Mr SFinn	(Deputy Head, Assessment	and Curriculum)
	Mrs C Williams	(Director ofPrep School)
	Barclays Bank pic
	Barclays House
	5 St Ann's Street
	Quayside
	Newcastle
	NE1 3DX
SOLICITORS:	Endeavour Partnership	LLP
	Tobias House
	St Mark's Court
	Teesdale Business Park
	Teesside
	TS176QW
AUDITORS:	Anderson Barrowcliff LLP
	3 Kingfisher. Court
	Bowesfiel Park
	Stockton on Tees
	TS183EX

					Unrestricted	Restricted	Total	Total
					Funds	Funds	Funds	Funds
							2020	2019
				Note
Income and endowments			from:
Donations and	legacies				62,769		62,769	17,441
Charitable activities					3,941,053		3,941,053	4,039,504
Other trading	activities				16,257		16,257	25,108
Investment income					483		483	457
Total income	and endowments				4,020,562		4,020,562	4,082,510
Expenditure	on:
Charitable activities					3,859,835	7436	3,867,171	3,874,992
Total Resources Expended					3,859,835	7+36	3,867,171	3,874,992
Net income/(expenditure)					160,727	(7/36)	153+91	207,518
Net movement	in funds				160,727	(7436)	153,391	207,518
Funds brought	forward	at 1	August 2019		2,319,055	11+28	2/30+83	2,122,865
Funds carried	forward	at 31 July 2020			2,479,782	3,992	2,483,774	2,330,383

						2020	2019
					Notes
Fixed Assets
Tangible assets					10	3,979,112	4,045,887
Investments					11	100,516	100,036
						4,079,628	4,145,923
Current Assets
Debtors					12	63,047	81,863
Cash at bank		& in hand				368,093	254,003
						431,140	335,866
Creditors:	Amounts		falling	due
within one	year				13	(564,425)	(674,116)
Net Current		(Liabilities)/Assets				(133485)	(338,250)
Total Assets		less Current		liabilities		3,946,343	3,807,673
Creditors:	Amounts		falling	due after
more than	one year				14	(1,462,569)	(1,477,290)
Net assets						2,483,774	2,330,383
Funds
Unrestricted		funds				2,479,782	2,319,055
Restricted	funds				18	3,992	11,328
						2,483,774	2,330,383

				2020	2019
			Notes
Cash inflow from operating		activities	22	241,873	476,441
Interest paid				(53,445)	(61,954)
Net cash flow from operating		activities		188,428	414,487
Cash flow from investing	activities
Investment income
Net cash flow from investing		activities
Cash flow from financing	activities
Capital repayment oflong term loans				(62,628)	(55,916)
Repayment ofhire purchase				(11,713)	(11,706)
New hire purchase
Refinancing ofloans					312,671
Net cash flow from financing		activities		(74,341)	245,049
Net (decrease)/increase in	cash and cash equivalents			114,090	659,536
Cash and cash equivalents	at 1 August 2019			254,003	(405,533)
Cash and cash equivalents	at 31July 2020			368,093	254,003

INCOME	FROM DONATIONS	FROM DONATIONS	FROM DONATIONS	AND LEGACIES
					2020		2019
					f
Donations	(note		19)		12,170		17,441
Coronavirus		Job	Retention Scheme		50,599
					62,769		17,441
INCOME	FROM CHARITABLE ACTIVITIES
					2020		2019
					f
Tuition fees					3,664,154	3,677,406
Catering					147,377	~	212,467
Examinations					57,664		52,802
Transport/locker			charges		60,860		83,124
Holiday/After		School Care			11,587		13,693
Uniform	sales				(589)		12
					3,941,053	4,039,504
INCOME	FROM OTHER TRADING ACTIVITIES
					2020		2019
					f,
Facility lettings,					14,932		24,627
Commission					I/25		481
					16,257		25,108
INCOME	FROM INVESTMENTS
					2020		2019
Bank interest					483		457
					483		457

6	CHARITABLE		A	CT	IV	ITIES
									Other	Total	Total
									Costs	2020	2019
							Staff Costs	Premises
	Charity's educational				operations
	~ Direct costs						2,245,638		273,057	2,518,695	2,292,650
	~ Allocated support costs (note 7)						493,422	265,832	589,222	1,348,476	1,582,342
							2,739,060	265,832	862,279	3,867,171	3,874,992
										2020	2019
	Net expenditure		for the period includes:-
	Operating leases		-	plant		and machinery				20,274	19,234
	Depreciation					- on owned assets				55,443	63,255
						- on hire purchase				11,332	11,332
	Fees payable to auditor					-audit				8,770	7,644
						- other services				1,200	3,408
7	ALLOCATED SUPPORT COSTS
										2020	2019
										f
	Support staff costs									472,100	435,705
	Depreciation									66,775	74,587
	Welfare costs									69,171	91,400
	Premises costs									265,832	420,532
	Administration	costs								114,546	137,464
	Grants awarded	to		pupils						244/02	293,211
	Finance costs									65,266	73,679
	Governance costs (note 8)									50,484	55,764
	Total Support	Costs								1,348,476	1,582,342
8	GOVERNANCE		COSTS
										2020	2019
	Legal &professional				fees					15,502	18,464
	Audit &accountancy									9,970	11,052
	School inspection									2,573	5,872
	Other Governance			costs						1,117	808
	Staffcosts									21,322	19,568
										50,484	55,764

STAFFCOSTS
			2020	2019
Wages & salaries			2,197,899	2,014,122
Social security costs			181,631	151,019
Pension contributions			359,530	234,746
Total staff costs			2,739,060	2,399,887
No Governors remuneration	or expenses were paid during the year.
			2020	2019
			Number	Number
The average number ofemployees		in the year was:
Teaching: Full time			31	26
Part time			13	15
Teaching support staff			17	18
Administration			8	9
Other			21	17
			90	85

2020	2019
Number	Number

ANGIBLE FIX	EDASSETS
		Freehold	Furniture
		Land &	&	Motor
		Buildings	Equipment	Vehicles	Totalf
Cost
At 1 August 2019		4,069,078	1,201,230	107,642	5077,950
At 31July 2020		4,069,078	1,201,230	107,642	5077,950
Depreciation
At 1 August 2019		172,666	1,092,097	67,300	1,332,063
Provided during	year	24,791	30,652	11,332	66,775
At 31July 2020		197,457	1,122,749	78,632	1,398,838
Net Book Value
At 31July 2020		3,871,621	78,481	29,010	3,979,112
At 31 July 2019		3,896,412	109,133	40,342	4,045,887

	Motor
	Vehicles
Cost
At 1 August 2019	56,660
Additions
At 31July 2020	56,660
Depreciation
At 1 August 2019	16,318
Provided during year	11,332
At 31July 2020	27,650
Net Book Value
At 31July 2020	29,010
At 31July 2019	40,342

11	INVESTMENTS
				2020f	2019
	Deposit account			100,516	100,036
				100,516	100,036
	The increase in value	off480	(2019:f457) relates to interest received.
12	DEBTORS
				2020	2019
				f,
	Trade debtors			23,026	45,839
	Prepayments			35,703	33,483
	Other debtors			4,318	2,541
				63,047	81,863
13	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2020	2019
			Note
	Trade creditors			45,281	42,580
	Social Security &other taxes			52,679	44,313
	Other creditors			43/16	29,493
	Accruals &deferred	income		385,667	460,628
	Bank loan		15	23,999	83,764
	Hire purchase			13,483	13,338
				564,425	674,116
14	CREDITORS: DUE	AFTER	MORE THAN ONE YEAR
			Note	2020f	2019
	Bank loan		15	1,457,781	1,460,644
	Hire Purchase			4,788	16,646
				1,462,569	1,477,290

ANK LOAN
		2020f	2019
Amounts repayable	by instalments:
In one year or less		23,999	83,764
In over two to five	years	357,008	367,788
In over five years		1,100,773	1,092,856
		1,481,780	1,544,408

			2020f	2019
Bank	loans		1,481,780	1,544,408
Hire	purchase	agreement	18,271	29,984
			1,500,051	1,574,392

otal future minimum lease payments under non-cancellable o	perating leases are as follows:-
	2020	2019
Not later than one year	11,176	16,071
Later than one and not later than five years	18,308	4,737
	29,484	20,808
ESTRICTED FUNDS
	Hurworth
	House
	School	Total
	f
Balance as at I August 2019	11/28	11,328
Spent in year	(7,336)	(7/36)
Balance as at 31 July 2020	3,992	3,992

ESIGNAT	E	D FUNDS
			2020
			f,
Balance as	at	1 August 2019	102,102
Donations	recognised in the year		12,170
Balance as	at	31 July 2020	114/72

				Balance at	Balance at	Balance at			Balance at	Balance at
				1	August					31July
					2019		Income	Expenditure		2020
										f,
Unrestricted				2,319,055			4,020,562		3,859,835	2,479,782
				2,319,055			4,020,562		3,859,835	2,479,782
NALYSIS OF NET ASSETSBETWEEN FUNDS
		2020	2020		2020		2019		2019	2019
	Unrestricted		Restricted				Unrestricted		Restricted
		Funds	Funds			Total	Funds		Funds	Total
							f,
Fixed assets		4,079,628				4,079,628	4,145,923			4,145,923
Current assets		427,148	3,992			431,140	324,538		11,328	335,866
Liabilities	(2,026,994)				(2,026,994)		(2,151,406)			(2,151,406)
		2,479,782	3,992			2,483,774	2,319,055		11,328	2,330,383
ECONCILIA	TION	OF NET INCOME TO		NET		CASH FLOW FROM OPERATING ACTIVITIES
									2020	2019
Net income for year									153,391	207,518
Interest payable									53,445	61,954
Depreciation	and profit on disposal offixed assets								66,775	74,588
Decrease/(increase)		in debtors							18,816	54,914
Increase/(decrease)		in creditors							(50,071)	77,924
Return on investment									(480)	(457)
Interest income									(3)
Net cash flow	fiom	operating	activities						241,873	476,441