2021-07-31-accounts - Teesside High School Limited

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		Page
Reference and Administrative Details
Report ofthe Governors	2	to	8
Report ofthe Independent Auditors	9	to	12
Statement ofFinancial Activities		13
Balance Sheet	14	to	15
Cash Flow Statement		16
Notes to the Cash Flow Statement		17
Notes to the Financial Statements	18	to	32

			Teesside ' h School Limited	Teesside ' h School Limited	Teesside ' h School Limited
			Statement ofFinancial Activities
		co	cretin	anlncomeandE enditureAccount
			for	the Year Ended 31Jul	2021
						2021	2020
				Unrestricted	Restricted	Total	Total
				funds	fund	funds	funds
							as restated
				Notes
INCOME AND ENDOWMENTS		FROM
Donations and legacies				75,064		75,064	62,769
Charitable activities
Charity's educational	operations			3,714„EI28		3,714,928	3,941,053
Other trading activities				16&404		16,404	16/57
Investment income				184		184	483
Total				3,806,580		3,806/80	4,020,562
EXPENDITURE ON
Charitable activities				7
Charity's educational	operations			3,626,050	2,000	3,628,050	3,867,172
NET INCOME/(EXPENDITURE)				180,530	(2,000)	178,530	153,390
RECONCILIATION	OF FUNDS
Total funds brought	forward			2,479,782	3,992	2,483,774	2,330,384
TOTAL FUNDS CARRIED FORWARD				~2660 12	~1992	~2662 04	2,483,774

				2021	2020
		Unrestricted	Restricted	Total	Total
		funds	fimd	funds	funds
					as restated
	Notes	f,
FIXEDASSETS
Tangil&le assets	16	4,463462		49463,362	3,979,112
Investments	17	~100718		~100718	100516
		4,564,080		4,564,080	4,079,628
CURRENT ASSETS
Stocks	18	715		715	865
Debtors	19	1,158,810		1,158,810	1,062,457
Cash at bank and iu hand		~300026		~302 018	368,093
		1,459,551	18t92	1,461,543	1,431,415
CREDITORS
Amounts falling due withh) one year	20	(1,789,471)		(1,789,471)	(1,564,700)
NET CURRENT ASSETS		~329920	~192	~329328)	~133283)
TOTAL ASSETSLESSCURRENT
LIABILITIES		44349160	18t92	4/369152	3,946,343
CREDITORS
Amounts falling due after more than one year	21	(1,573,848)		(1,573,848)	(1,462,569)
NET ASSETS		~2660 12	~192	~2662404	2,483,774

				Teesside	' h School Limited	' h School Limited
				Cash	Flow Statement
				for the Year Ended 31Jul		2021
						2021	2020
							as restated
				Notes
Cash flows from	operating	activities
Cash generated fi Interest paid	om operations					325,858 ~54406)	241,873 ~53,445)
Net cash provided	by operatmg activities					~271 552	188,428
Cash flows from	investing	activities
Purchase oftangil&le fixed assets						(551,650)
Purchase offixed	asset investments					(202)	(480)
Interest received						184	483
Net cash (used in)/provided		by investing		activities		~551668)
Cash flows from	financing	activities
New loans in year						250,000
Loan repayments in year Capital repayments in year						(24~7) ~11.212	(62,628) ~11,713)
Net cash provided	by/(used	in) financing		activities		214,041	~74,341)
Change in cash and cash equivalents			in the
reporting period						(66,075)	114,090
Cash and cash equivaleats		at the beginning
ofthe reporting	period					~368 093	254,003
Cash and cash equivalents		at the end	ofthe
reporting period						~302 018	368,093

			Notes to the Cash Flow Statement for the Year Ended 31Ju 2021	Notes to the Cash Flow Statement for the Year Ended 31Ju 2021	Notes to the Cash Flow Statement for the Year Ended 31Ju 2021	Notes to the Cash Flow Statement for the Year Ended 31Ju 2021	Notes to the Cash Flow Statement for the Year Ended 31Ju 2021
RECONCILIATION			OFNET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
						2021	2020
							as restated
Net income for the		reporting			period (as per the Statement ofFinancial
Activities)						178,530	153,390
Adjustments	for:
Depreciation	charges					67,403	66,774
Interest received						(184)	(483)
Interest paid						54406	53,445
Decrease in stocks						150
Increase in debtors Increase in creditors						(96,353) ~122006	(1,063,322) 1032,069
Net cash provided		by	operations			~325 858	241,873
ANALYSIS	OF CHANGES IN NET DEBT
					At 1.8.20	Cash flow	At 31.7.21
Net cash
Cash at bank	and in	hand			368,093	~66&07	~302018
					368,093	~66 07	~302018
Debt
Hire Purchase					(18471)	11,712	(6/59)
Debts falling	due within			1 year	(23,999)	(109,687)	(133,686)
Debts falling	due after		1	year	(1~457,781	~11606	(1~/73,848
					(1~00051	~214042	(1~714093
Total					(1~131958	28011	(1~41207

					2021	2020
	Donations				23,155	12,170
	Coronavirus	Job Retention		Scheme	51909	50,599
					75,064	62,769
4.	OTHER TRADING ACTIVITIES
					2021	2020
						as restated
						f,
	Facility lettings				972	14,932
	Commissions				737	1,325
	Fundraising				~14695
					16,404	16,257
5.	INVKSTMKNT		INCOME
					2021	2020
						as restated
					f.
	Deposit account interest				184	480
	Interest receivable		—trading			3
					184	483
6.	INCOME FROM CHARITABLE ACTIVITIES
					2021	2020
						as restated
					f
	Tuition fees				3&573225	3,664,154
	Catering					147,377
	Examinations				36/90	57,664
	Transport/locker charges Holiday/After school care Uniform sales				82,345 22,303 ~5)	60,860 11,587 ~589)
					3,714,928	3,941 053

				Direct	Direct	Support
				Costs	(see	costs (see
				note	8)	note 9) I	Totals f,
	Charity's educational		operations	~2458	63	~1169787	3,628,050
8.	DIRECT COSTS OFCHARITABLE ACTIVITIES
						2021	2020
							as restated
	Staffcosts					2403,563	2,245,640
	Travel and trips					130,889	85,999
	Educational supplies Agency costs					122)617 ~1194	171705 15,853
						~2458 63	2,518,697
9.	SUPPORT COSTS
						Governance
				Management f		costs	Totals
	Charity's educational		operations	~1112149		57,638	~1169787
						2021	2020
	Support staff costs					389,408	472,100
	Depreciation					67)403	66,775
	Welfare costs					8,841	69,171
	Premises costs					292,897	265,832
	Administration	costs				122,734	114,546
	Grants awarded	to pupils				168,446	244,302
	Finance costs					62,421	65766
	Governance costs					37 637	50,484
						1,169,787	1,348476

			2021	2020
Net expenditure	for the period	mcludes:-
Operating leases	- plant and machinery		18,810	20474
Depreciation		—on owned assets	56,072	55,443
		- on hire purchase	11@31	II/32
Fees payable to	auditor - audit		7,680	8,770
		—other services	984	1400

	2021	2020
Wages and salaries	2,114,914	2,197,899
Social security costs Pension contributions	173,025 ~369 19	181,631 35953~
Total staff costs	2657155	2739,060

		2021	2020
			as restated
Key management	personnel	7	7
Teaching staff -	Full time	31	27
Teaching staff -	Part time	12	13
Teaching support A~tion	staff	16 8	17 8
Other		11	18
		85	90

				2021		2020
					as restated
	f70,001 —f80,000					1
	680,001 - f90,000
13.	COMPARATIVES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES
			Unrestricted	Restricted		Total
			funds	fund		funds
					as	restated
	INCOME AND ENDOWMENTS FROM
	Donations and legacies		62,769			62,769
	Charitable activities
	Charity's educational	operations	3,941,053		3,941,053
	Other tradmg activities		16357			16,257
	Investment income		483			483
	Total		4,020,562		4,020,562
	EXPENDITURE ON
	Charitable activities
	Charity's educational	operations	3,859,836	7,336	3,867,172
	NET INCOME/(EXPENDITURE)		160,726	(7,336)		153,390
	RECONCILIATION	OF FUNDS
	Total funds brought	forward	2,319,056	11,328	2,330,384
	TOTAL FUNDS CARRIED FORWARD		~2479 782	3,992	2,483,774

GOVERNANCE	CO	STS
							2021	2020
							5
Legal and professional		fees					14,776	15,502
Audit and accountancy							8,664	9,970
School inspection							3,446	2,573
Other Governance	costs						220	1,117
Staffcosts							38 332	21,322
							57,638	50,484
TANGIBLE FIXED		ASSETS
					Assets	Furniture
			Land	and	under	and	Motor
			buildings		construction	equipment	vehicles	Totals
COST
At 1 August 2020 Additions			4,069,078 ~72 59		~428 848	1401430 ~50543	107,642	573776150 ~551650
At 31July 2021			~4141	37	~428 848	~1251773	~107 642	~5929600
DEPRECIATION
At 1 August 2020 Charge for year			197,457 ~27751			1,122,749 ~28 17	78,632 ~11 32	1,398,838 67,400
At 31July 2021			225408			~1151,066	89,964	~1466 38
NET BOOK VALUE
At 31July 2021			3916129		428848	~183781	17678	4463362
At 31July 2020			3,871,621			78,481	29,010	3,979,112

			Motor
			vehicles
	COST At 1 August 2020 and 31	July 2021	~56660
	DEPRECIATION
	At 1August 2020 Charge for year		27,650 ~11 32
	At 31July 2021		~38 82
	NET BOOK VALUE
	At 31July 2021		~17678
	At 31July 2020		29,010
17.	FIXEDASSETINVESTMENTS
			Cash and
			settlements
	~TVALUE		pending
	At 1 August 2020		100,516
	Additions		202
	At 31July 2021		~100718
	NET BOOK VALUE
	At 31July 2021		~100 718
	At 31July 2020		100,516
	There were no investment	assets outside the UK.
	The mcrease in value off202 (2020:f480)relates to interest received.

					Teesside Hi h School Limit	ed
				Notes	to the Financial Statements	- continued
					for the Year Ended 31J	2021
18.	STOCKS
							2021	2020
								as restated
	Stocks						715	865
19.	DEBTORS:	AMOUNTS		FALLING DUE WITHIN ONE YEAR
							2021	2020
								as restated
	Trade debtors						1,091,680	1,023,301
	Other debtors						17435	4,318
	Prepayments	and accrued		income			49,795	34,838
							~1158810	1,062457
20.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
							2021	2020
								as restated
	Bank loans and overdrafts			(see note	22)		133,686	23,999
	Hire purchase		(see note 23)				6,559	13,483
	Trade creditors						91,715	45381
	Social security		and other	taxes			45,676	52,679
	Other creditors						55435	69,893
	Accruais db deferred income						~1456 00	I 359365
							1,789,471	1,564,700

		Total
At I August 2020		1,117,106
Additions	during the year	99,303
At 31July	2021	s 216409

CREDITORS	: A	MOUNTS FALLING DUE AFTER M	ORE THAN ONE YEAR
			2021	2020
				as restated
Bank loans (seenote 22)			1/73,848	1,457,781
Hire purchase	(see	note 23)		4,788
			~173,848	1,462,569
LOANS
			2021	2020
Amounts repayable		by instalments:
In one year or	less		133,686	23,999
In over two to	five	years	611,969	357,008
In over five years			961,879	1,100,773
			1,707,534	1,481,780

		Hire purchase	contracts
		2021	2020
			as restated
Net obligations	repayable:
Within one year		6,559	13,483
Between one and five years			4,788
		6459	18471
		Non-cancellable	operating
		leases
		2021	2020
			as restated
Within one year		15,474	11,176
Between one and five years		~19 57	18,308
		34,831	29,484

			2021	2020
				as restated
				f,
Bank	loans		1,7075534	1,481,780
Hire	purchase	contracts	6,559	18,271
			~1714093	1,500,051

				Net
				movement	At
			At 1.8.20	in funds	31.721
Unrestricted funds
General fund Designated Fund	—Foundation		2465,510 114472	162,735 ~17795	2,528,245 ~132067
			2,479,782	180,530	2,660/12
Restricted funds
Hurworth House	Bursary		3,992	(2,000)
TOTAL FUNDS			~2483 774	178,530	~2662 04
Net movement in	funds, included	in the above are as follows:
			Incoming	Resources	Movement
			resources	expended	in funds
					5
Unrestricted funds
General fund Designated Fund	- Foundation		3,788,785 ~17795	(3,626,050)	162,735 ~17795
			3,806,580	(3,6Z6,050)	180,530
Restricted funds
Hurworth House	Bursary			(2,000)	(2,000)
TOTAL FUNDS			~388658D	~3628068	~678 3D

			Net
			movement	At
		At 1.8.19	in funds	31.7.20
Unrestricted funds
General fimd		22.16,954	148,556	2,365,510
Designated	Fund -Foundation	102,102	12,170	114,272
		2,319,056	160,726	2,479,782
Restricted	funds
Hurworth	House Bursary	11,328	(7,336)	3,992
TOTAL FUNDS		2,330,384	153,390	2,483,774

			Incoming	Resources	Movement
			resources	expended	in funds
				f,
Unrestricted funds
General fund			4,008,392	(3,859,836)	148,556
Designated	Fund	—Foundation	12 170		12,170
			4,020,562	(3,859,836)	160,726
Restricted	funds
Hurworth	House	Bursary		(7,336)	(7,336)
TOTAL FUNDS			4,020 562	~3,867,172)	153,390