## |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| ##