| DIRECTORS (TRUSTEES) | Mrs M L Cornick MBE (Founder) |
|---|---|
| Mr S Fussey (Chair) | |
| Ms J Wright-Deputy Chair-Resigned 29/10/21 | |
| Mr J Beebee-Resigned 29/04/21 | |
| DrR W Lycett-Deputy Chair | |
| MrMR Lakin | |
| Mrs JA Wake | |
| Mrs RE Jones | |
| MrC 1 Wells | |
| Miss S J Corbett-Appointed 28/04/21 | |
| PRINCIPAL | Dr G Barrett |
| DIRECTOROF LODDON TRATNJNG | Ms J Bromley |
| AND CONSULTANCY | |
| COMPANY SECRETARY | Mrs E A Fairhead |
| PRINCIPAL AND REGISTERED OFFICE | The Loddon School |
| Wildmoor Lane | |
| Sherfield-on-Loddon | |
| Hook | |
| Hampshire | |
| RG27 OJD | |
| COMPANY REGISTRATION NUMBER | 02448785 |
| REGISTERED CHARITY NUMBER | 802188 |
| AUDITOR | RSM UK Audit LLP |
| Davidson House | |
| Forbury Square | |
| Reading | |
| Berkshire | |
| RGI 3EU | |
| BANK | NatWest Bank PLC |
| Chatham RCSC | |
| Western Avenue | |
| Waterside Court | |
| Chatham Maritime | |
| Chatham | |
| Kent | |
| ME44RT | |
| SOLICITORS | Lamb Brooks LLP |
| Victoria House | |
| 39 Winchester Street | |
| Basingstoke | |
| RG21 7EQ | |
| INSURANCE BROKER | Innovation Broking |
| 20 St Dunstan's Hill | |
| London | |
| EC3R8HL |
| Objectives Set Last Year | Achievements | |||
|---|---|---|---|---|
| Improvement of the environment - as |
we | have | Two new bungalows have been builtand ten children | |
| completed phase I of our building project, | we | move | have moved into these new homes. Willow Green has | |
| therapies into willow green and develop a | specialist | been fully refurbished and the therapy department |
||
| therapy centre close to the swimming pool. The | vision | have moved in with newly updated sensory room, OT | ||
| of the village green in the heart of the |
school | activity room and a massage room. In the courtyard a | ||
| surrounded by living accommodation and | free | from | new school shop has been built as the first stage of | |
| cars will continueto move forward. | learning for independence skill development with |
|||
| shopping. | ||||
| To introduce afully integrated managementsystem to | A system has been procured to support the business | |||
| support the business function ofLoddon Training. | function of Loddon Training. A programme for it's | |||
| implementation is being rolled out. | ||||
| To promotethe Loddon whole approach curriculum by | The Loddon Foundation has recruited a Marketing | |||
| implementating a revised marketing strategy. | Team who have developed a Marketing Strategy for | |||
| The Loddon School and Loddon Training which is | ||||
| being implemented to raise the profile ofThe Loddon | ||||
| Foundation by promoting the Loddon Whole |
||||
| Approach on a new website and through its social | ||||
| mediachannels. | ||||
| To increasethe range ofcourses offered by adding to | The newrefreshed websites are now live. | |||
| those available on our online learning platform and | ||||
| add additionalallied courses forexample firstaid | to | Acontinuous programme forthe developmentof | ||
| our repertoire. | onlinetraining courses is in place. The PROACT- | |||
| SCIPr-UK® Awareness Course is proving very | ||||
| successfulto supportthe induction ofemployees in | ||||
| PROACT-SCIPr-UK® organisations. | ||||
| To add to research knowledgewithin the education | Research continues with papers related to the teaching | |||
| and care ofyoung people with autism. | of Reading and the development of the 'Student |
|||
| Voice' forthose children who are non-verbal. | ||||
| To develop and implementa strategy to extend the | Aforum has been initiated to supportorganisations | |||
| training provision and promote Loddon as a centre of | with the implementation ofPROACT-SCIPr-UK and | |||
| excellence in the delivery and implementation ofthe | comply with the RestraintReduction Standards | |||
| 'whole approach' curriculum to parents,carers, | and | (RRN). This initialwork has been to support | ||
| professionals throughout the UK. | compliance and the use ofAgency Staffand Lived | |||
| Experience. In addition course materials now include a | ||||
| separate newly developed section on Human Rights | ||||
| which is designed for PROACT-SCIPr-UK | ||||
| Instructors | ||||
| An online conference on Lived Experience was run in | ||||
| the Autumn which was verv well received. |
| 2021/07 | 2020/2021 | |
|---|---|---|
| £ | £ | |
| TotalFunds | 14,333,559 | 12,603,080 |
| Less money: | ||
| Invested in Fixed Assets | 8,925,767 | 9,199,167 |
| 5,407,792 | 3,403,913 | |
| Reserves: | 5,402,392 | 3,364,913 |
| Three months expenditure | 2,090,000 | 1,825,000 |
| Designated horticultural project | 7,970 | 16,161 |
| Designated building fund | 3,262,342 | 1,523,727 |
| Restricted Zambia fund | 80 | 25 |
| Capital expenditure | 42,000 | 39,000 |
| Money available for other charitable capital | ||
| investment/activities | 5,400 |
17 August 2022
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | 2022 | 2021 | ||
| Notes | £ | £ | £ | £ | |
| INCOME FROM: | |||||
| Charitable activities | |||||
| Operations ofthe School | 7,828,650 | 7,828,650 | 7,512,401 | ||
| Training and workshops | 740,715 | 740,715 | 469,944 | ||
| Donations | 32,588 | 45,555 | 78,143 | 82,974 | |
| Investments | 2 | 136,340 | 136,340 | 62,094 | |
| Gain on sale ofproperty | 636,548 | 636,548 | |||
| Total income | 9,374,841 | 45,555 | 9,420,396 | 8,127,413 | |
| EXPENDITURE ON: | |||||
| Charitable activities | |||||
| Operations ofthe School | 3 | 7,202,664 | 45,500 | 7,248,164 | 6,912,139 |
| Training and workshops | 3 | 546,118 | 546,118 | 439,225 | |
| Total expenditure | 3 | 7,748,782 | 45,500 | 7,794,282 | 7,351,364 |
| Net income before net gain on | |||||
| investments | 1,626,059 | 55 | 1,626,114 | 776,049 | |
| Net gain on investments | 9 | 104,365 | 104,365 | 277,384 | |
| NET MOVEMENT IN FUNDS | 1,730,424 | 55 | 1,730,479 | 1,053,433 | |
| FUNDS BROUGHT FORWARD | |||||
| AT 1 APRIL | 15 | 12,603,055 | 25 | 12,603,080 | 11,549,647 |
| FUNDS CARRIED FORWARD | |||||
| AT 31 MARCH | 15 | 14,333,479 | 80 | 14,333,559 | 12,603,080 |
| 2022 | 2022 | 2021 | 2021 | ||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 7 | 7,425,832 | 7,375,551 | ||
| Investment properties | 8 | 428,046 | |||
| Investments | 9 | 1,499,935 | 1,395,570 | ||
| 8,925,767 | 9,199,167 | ||||
| CURRENT ASSETS | |||||
| Debtors | 10 | 1,960,305 | 1,835,096 | ||
| Current asset investments | 11 | 504,984 | 504,963 | ||
| Cash at bank and in hand | 5,315,209 | 3,621,354 | |||
| 7,780,498 | 5,961,413 | ||||
| CREDITORS: AMOUNTS FALLING | |||||
| DUE WITHIN ONEYEAR | 12 | (2,372,706) | (2,557,500) | ||
| NET CURRENT ASSETS | 5,407,792 | 3,403,913 | |||
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | 14,333,559 | 12,603,080 | |||
| NET ASSETS | 14,333,559 | 12,603,080 | |||
| UNRESTRICTED FUNDS | |||||
| General fund | 15 | 11,063,167 | 11,063,167 | ||
| Designated funds | 15 | 3,270,312 | 1,539,888 | ||
| 14,333,479 | 12,603,055 | ||||
| RESTRICTED FUNDS | |||||
| Zambia fund | 15 | 80 | 25 | ||
| 80 | 25 | ||||
| TOTAL FUNDS | 14,333,559 | 12,603,080 |
| 2022 | 2021 | ||
|---|---|---|---|
| Notes | £ | £ | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||
| Net cash provided by operating activities | 17 | 937,994 | 1,497,620 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||
| Purchase oftangible fixed assets | (302,182) | (1,985,582) | |
| Interest received | 9,594 | 9,077 | |
| Proceeds on sale oftangible assets | 1,048,470 | ||
| Net cash generated from/(used in) investing activities | 755,882 | (1,976,505) | |
| CHANGE IN CASH AND CASH EQUIVALENTS DURJNG THE YEAR |
1,693,876 | (478,885) | |
| CASH AND CASH EQUIVALENTS AT 1 APRIL | 4,126,317 | 4,605,202 | |
| CASH AND CASH EQUIVALENTS AT 31 MARCH | 18 | 5,820,193 | 4,126,317 |
| Freehold buildings | over 50 years |
|---|---|
| Property improvements | over 7 years |
| Motor vehicles | 25% reducing balance basis |
| Fixtures, fittings and general equipment | 15% straight line basis |
| Furniture, carpets, computers and high risk equipment | 33.3% straight line basis |
| INCOME | ||
|---|---|---|
| 2022 | 2021 | |
| Income analysed by class ofbusiness: | £ | £ |
| Charitable activities | 8,569,365 | 7,982,345 |
| Donations | 78,143 | 82,974 |
| Investment income (see note 2) | 136,340 | 62,094 |
| Gain on sale ofproperty | 636,548 | |
| 9,420,396 | 8,127,413 |
| INVESTMENT INCOME | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Bank interest receivable | 9,594 | 9,077 |
| Rental income | (13,254) | 53,017 |
| Lease surrender | 140,000 | |
| 136,340 | 62,094 |
| EXPENDITURE | |||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Basis of | Operation of | Training and | total | total | |
| allocation | the School | workshop costs | £ | £ | |
| Staffcosts | Direct | 5,700,602 | 339,947 | 6,040,549 | 5,808,766 |
| Direct costs | Direct | 409,114 | 97,751 | 506,865 | 457,093 |
| Overheads | Direct | 331,926 | 104,900 | 436,826 | 367,779 |
| Recruitment costs | Direct | 57,050 | 57,050 | 54,354 | |
| Premises costs | Direct | 460,783 | 3,354 | 464,137 | 414,101 |
| Depreciation | Direct | 266,805 | 166 | 266,971 | 229,518 |
| Governance | Direct | 21,884 | 21,884 | 19,753 | |
| 7,248,164 | 546,118 | 7,794,282 | 7,351,364 |
| Net movement in funds is stated aftercharging/(crediting): | 2022 | 2021 |
|---|---|---|
| £ | £ | |
| Auditor's remuneration | ||
| Audit | 15,245 | 15,245 |
| Teachers pension audit | 1,120 | 1,120 |
| Other services | 3,090 | 3,090 |
| Depreciation | 266,970 | 229,518 |
| (Gain)/loss on disposal oftangible fixed assets: | ||
| Property | (636,548) | |
| Motor vehicles | 1,055 | |
| Operating lease rentals | 8,901 | 19,288 |
| STAFF COSTS | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Staffcosts during the yearwere: | ||
| Wages and salaries | 4,112,333 | 4,123,305 |
| Social security costs | 377,949 | 378,147 |
| Pension costs | 221,246 | 214,672 |
| Agency costs | 1,197,320 | 982,380 |
| 5,908,848 | 5,698,504 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| No | No | |||
| School | 159 | 169 | ||
| Training | and | workshops | 8 | 8 |
| 167 | 177 |
| 2022 | 2021 | ||
|---|---|---|---|
| No | No | ||
| £60,00 | 1- £70,000 | ||
| £70,00 | 1 - £80,000 | ||
| £80,00 | I -£90,000 |
| Assets in | Fixtures | ||||
|---|---|---|---|---|---|
| Freehold | the course | fittings | |||
| land and | of | Motor | and | ||
| buildings | construction | vehicles | equipment | Total | |
| £ | £ | £ | £ | £ | |
| Cost | |||||
| At I April 2021 | 7,626,926 | 2,206,415 | 182,278 | 169,775 | 10,185,394 |
| Additions | 231,709 | 38,955 | 8,995 | 22,523 | 302,182 |
| Disposals | (681,567) | (4,250) | (685,817) | ||
| Transfers | 2,634,461 | (2,206,415) | 428.046 | ||
| 31 March 2022 | 9,811,529 | 38,955 | 187,023 | 192,298 | 10,229,805 |
| Depreciation | |||||
| At 1 April 2021 | 2,525,806 | 129,103 | 154,934 | 2,809,843 | |
| Charged in the year | 237,583 | 14,451 | 14,936 | 266,970 | |
| Eliminated on disposal | (269,818) | (3,022) | (272,840) | ||
| 31 March 2022 | 2,493,571 | 140,532 | 169,870 | 2,803,973 | |
| Netbook value 31 March 2022 | 7,317,958 | 38,955 | 46,491 | 22,428 | 7,425,832 |
| Net book value 31 March 2021 | 5,101,120 | 2,206,415 | 53,175 | 14,841 | 7,375,551 |
| 9 | FIXED ASSET INVESTMENTS | Listed | |
|---|---|---|---|
| investments | |||
| £ | |||
| Market value at 1 April 2021 | 1,395,570 | ||
| Gain on investment | 104,365 | ||
| Market value at 31 March 2022 | 1,499,935 | ||
| Investments at market value comprised: | |||
| 2022 | 2021 | ||
| £ | £ | ||
| UK Equities and investment funds | 1,499,935 | 1,395,570 | |
| Market value at 31 March | 1,499,935 | 1,395,570 | |
| 10 | DEBTORS | 2022 | 2021 |
| £ | £ | ||
| Trade debtors | 1,821,385 | 1,754,447 | |
| Prepayments and accrued income | 128,427 | 74,537 | |
| Other debtors | 10,493 | 6,112 | |
| 1,960,305 | 1,835,096 | ||
| 11 | CURRENT ASSET INVESTMENT | 2022 | 2021 |
| £ | £ | ||
| Unlisted investments | 504,984 | 504,963 |
| 12 | CREDITORS: Amounts falling due within one year | 2022 | 2021 |
|---|---|---|---|
| £ | £ | ||
| Trade creditors | 153,977 | 110,458 | |
| Other creditors | 92,301 | 70,849 | |
| Accruals and deferred income | 2,126,428 | 2,376,193 | |
| 2,372,706 | 2,557,500 |
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Balance brought forward | 2,142,105 | 1,868,722 | |
| Amounts released to income | (2,142,105) | (1,868,722) | |
| Amounts deferred in the year | 2,043,748 | 2,142,105 | |
| Balance carried forward | 2,043,748 | 2,142,105 | |
| 14 | FINANCIAL INSTRUMENTS | 2022 | 2021 |
| £ | £ | ||
| CARRYING AMOUNT OF FINANCIAL ASSETS | |||
| Instruments measured at fairvalue through profit or loss | 1,499,935 | 1,395,570 |
| FUNDS | |||||
|---|---|---|---|---|---|
| At | At | ||||
| I April | 31 March | ||||
| 2021 | Income | Expenditure | Transfers | 2022 | |
| £ | £ | £ | £ | £ | |
| RESTRICTED FUNDS | |||||
| Zambia fund | 25 | 45,555 | (45,500) | 80 | |
| TOTAL RESTRICTED | |||||
| FUNDS | 25 | 45,555 | (45,500) | 80 | |
| UNRESTRICTED FUNDS | |||||
| General fund | 11,063,167 | 9,479,206 | (7,740,591) | (1,738,615) | 11,063,167 |
| Designated fund-Building | |||||
| development fund | 1,523,727 | 1,738,615 | 3,262,342 | ||
| Designated fund- | |||||
| Horticultural project fund | 16,161 | (8,191) | 7,970 | ||
| TOTAL UNRESTRICTED | |||||
| FUNDS | 12,603,055 | 9,479,206 | (7,748,782) | 14,333,479 | |
| TOTAL FUNDS | 12,603,080 | 9,524,761 | (7,794,282) | 14,333,559 | |
| At | At | ||||
| 1 April | 31 March | ||||
| 2020 | Income | Expenditure | Transfers | 2021 | |
| £ | £ | £ | £ | £ | |
| RESTRICTED FUNDS | |||||
| Zambia fund | 65 | 43,960 | (44,000) | 25 | |
| TOTAL RESTRICTED | |||||
| FUNDS | 65 | 43,960 | (44,000) | 25 | |
| UNRESTRICTED FUNDS | |||||
| General fund | 9,053,217 | 8,326,106 | (7,307,364) | 991,208 | 11,063,167 |
| Designated fund- Building | |||||
| development fund | 2,470,204 | 34,731 | (981,208) | 1,523,727 | |
| Designated fund- | |||||
| Horticultural project fund | 26,161 | (10,000) | 16,161 | ||
| TOTAL UNRESTRICTED | |||||
| FUNDS | 11,549,582 | 8,360,837 | (7,307,364) | 12,603,055 | |
| TOTAL FUNDS | 11,549,647 | 8,404,797 | (7,351,364) | 12,603,080 |
| 16 | ANALYSIS OFNETASSETS BETWEEN FUNDS | Unrestricted | Restricted | |
|---|---|---|---|---|
| AT3I MARCH2022 | funds | general funds | 1otal funds | |
| £ | £ | £ | ||
| Tangible fixed assets | 7,425,832 | 7,425,832 | ||
| Investments | 1,499,935 | 1,499,935 | ||
| Cash atbank and in hand | 5,315,209 | 5,315,209 | ||
| Other netcurrentassets | 2,465,209 | 80 | 2,465,289 | |
| Netcurrentliabilities | (2,372,706) | (2,372,706) | ||
| TOTALNETASSETS AT31 MARCH 2022 | 14,333,479 | 80 | 14,333,559 | |
| ANALYSIS OFNET ASSETS BETWEEN FUNDS | Unrestricted | Restricted | ||
| AT31 MARCH2021 | funds | general funds | Total funds | |
| £ | £ | £ | ||
| Tangible fixed assets | 7,375,551 | 7,375,551 | ||
| Investment properties | 428,046 | 428,046 | ||
| Investments | 1,395,570 | 1,395,570 | ||
| Cash atbank and in hand | 3,621,354 | 3,621,354 | ||
| Other netcurrentassets | 2,340,034 | 25 | 2,340,059 | |
| Netcurrentliabilities | (2,557,500) | (2,557,500) | ||
| TOTALNETASSETS AT31 MARCH2021 | 12,603,055 | 25 | 2,603,080 |
| 17 | RECONCILIATION OF NET INCOME TO NET CASH INFLOW | 2022 | 2021 |
|---|---|---|---|
| FROM OPERATING ACTIVITIES | £ | £ | |
| Net income | 1,730,479 | 1,053,433 | |
| Depreciation | 266,970 | 229,518 | |
| Gain on investments | (104,365) | (277,384) | |
| Interest receivable | (9,594) | (9,077) | |
| (Increase)/decrease in debtors | (125,209) | 5,781 | |
| (Decrease)/increase in creditors | (184,794) | 495,349 | |
| Gain on disposal ofassets | (635,493) | ||
| NET CASH INFLOW FROM OPERATING ACTIVITIES | 937,994 | 1,497,620 |
| 18 | ANALYSIS OFNET DEBT | ||||
|---|---|---|---|---|---|
| I April | Other non- | 31 March | |||
| 2021 | Cash flows | cash changes | 2022 | ||
| £ | £ | £ | £ | ||
| Cash in hand, at bank | 3,621,354 | 1,693,875 | 5,315,209 | ||
| Current asset investments | 504,963 | 21 | 504,984 | ||
| NET FUNDS | 4,126,317 | 1,693,896 | 5,820,193 |
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Leases which expire: | ||
| Within one year | 6,556 | 5,377 |
| In two to five years | 15,721 | 3,099 |
| 22,277 | 8,476 |