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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|
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||||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|
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||||||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|
##
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##
|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|
##
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##
||||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|
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||||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|
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