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||||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|||
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||||||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|
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|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|
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