2021-08-31-accounts - Chaigeley Educational Foundation

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		Page
Report ofthe Trustees	1	to	8
Report ofthe Independent Auditors	9	to	11
Statement ofFinancial Activities		12
Balance Sheet
Cash Flow Statement		14
Notes to the Cash Flow Statement		15
Notes to the Financial Statements	16	to	26
Detailed Statement ofFinancial Activities	27	to	28

English (6Pupils)
On Target	17'/o
Above Target	33'lo
Below Target	50'/o
2021 Average Points Grade Difference	-0.33
2020 Average Points Grade Difference	-0.37
2019Average Points Grade Difference	-0.833
2018Average Points Grade Difference	-0.5
MATHS (6Pupils)
On Target	50'ro
Above Target	0'/o
Below Target	50'/o
2021 Average Points Grade Difference	-0.33
2020 Average Points Grade Difference	-0.625
2019Average Points Grade Difference	-1.33
2018Average Points Grade Difference	-0.75
SCIENCE (6Pupils)
On Target	100'/o
Above Target	0'/o
Below Target	0'lo
2021 Average Points Grade Difference	0
2020 Average Points Grade Difference	-0.7
2019Average Points Grade Difference	-1.66
2018Average Points Grade Difference	-0.5

				for the Year E	nded 31August	2021
							31.8.21	31.8.20
				Unrestricted	Restricted	Endowment	Total	Total
				funds	fund	fund	funds	funds
			Notes
INCOME AND
ENDOWMENTS	FROM
Donations and legacies				525			525	1,693
Charitable activities
Care and education	ofchildren			2,041,513	38,224		2,079,737	2,071,959
Other trading activities				4,320			4,320	4,320
Other income								80,000
Total				2,046,358	38,224		2,084,582	2,157,972
EXPENDITURE	ON
Charitable activities
General								5,944
Teaching costs				1,563,735	24,065		1,587,800	1,432,763
Welfare costs				54,941			54,941	187,979
Premises costs				293,119		60,147	353,266	322,908
Support costs for schooling				54,938			54,938	37,384
Governance costs				1,522			1,522	1,853
Total				1,968,255	24,065	60,147	2,052,467	1,988,831
NET
INCOME/(EXPENDITURE)				78,103	14,159	(60,147)	32,115	169,141
Transfers between	funds		14	(17,745)		17,745
Net movement in	funds			60,358	14,159	(42,402)	32,115	169,141
RECONCILIATION		OF
FUNDS
Total funds brought		forward		304,339	7,709	2,652,979	2,965,027	2,795,886
TOTAL FUNDS CARRIED
FORWARD				364,697	21,868	2,610,577	2,997,142	2,965,027

					31.8.21	31.8.20
		Unrestricted	Restricted	Endowment	Total	Total
		funds	fund	fund	funds	funds
	Notes
FIXEDASSETS
Tangible assets	11	88,871		2,610,577	2,699,448	2,739,574
CURRENT ASSETS
Debtors	12	30,652			30,652	10,424
Cash at bank and in hand		309,609	21,868		331,477	275,695
		340,261	21,868		362,129	286,119
CREDITORS
Amounts falling due within one
year	13	(64,435)			(64,435)	(60,666)
NET CURRENT ASSETS		275,826	21,868		297,694	225,453
TOTAL ASSETSLESS
CURRENT LIABILITIES		364,697	21,868	2,610,577	2,997,142	2,965,027
NET ASSETS		364,697	21,868	2,610,577	2,997,142	2,965,027
FUNDS	14
Unrestricted funds					364,697	304,339
Restricted funds					21,868	7,709
Endowment funds					2,610,577	2,652,979
TOTAL FUNDS					2,997,142	2,965,027

				Cash Flow Statement
			for the	Year Ended 31August	2021
					31.8.21	31.8.20
			Notes
Cash flows from operating		activities
Cash generated fiom	operations				114,536	77,151
Net cash provided by	operating activities				114,536	77,151
Cash flows from investing		activities
Purchase oftangible	fixed assets				(58,754)	(26,755)
Sale oftangible fixed	assets					110,000
Net cash (used in)/provided		by investing	activities		(58,754)	83,245
Change in cash and	cash equivalents		in
the reporting period					55,782	160,396
Cash and cash equivalents		at the
beginning ofthe reporting		period			275,695	115,299
Cash and cash equivalents		at the end	of
the reporting period					331,477	275,695

Notes to the Cash Flow Statement for the Year Ended 31August 2021	Notes to the Cash Flow Statement for the Year Ended 31August 2021
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM		OPERATING ACTIVITIES
		31.8.21	31.8.20
Net income for the reporting	period (as per the Statement ofFinancial
Activities)		32,115	169,141
Adjustments for:
Depreciation charges		98,880	105,802
Profit on disposal offixed assets			(80,000)
(Increase)/decrease in debtors		(20,228)	38,233
Increase/(decrease) in creditors		3,769	(156,025)
Net cash provided by operations		114,536	77,151
ANALYSIS OF CHANGES IN NET FUNDS

ANALYSIS OF CHANGES IN NET FUND	S
	At 1.9.20	Cash flow	At 31.8.21
Net cash
Cash at bank and in hand	275,695	55,782	331,477
	275,695	55,782	331,477
Total	275,695	55,782	331,477

DONATIONS
	31.8.21	31.8.20
Donations	525	1,693
OTHER TRADING ACTIVITIES
	31.8.21	31.8.20
Rental income	4,320	4,320

INCOME FROM	CHA	RITAB	LE ACTIVITIES
					31.8.21	31.8.20
			Activity
Grants			Care and education ofchildren		496,137	452,692
Educational and care services			Care and education ofchildren		1,583,600	1,619,267
					2,079,737	2,071,959
Grants received, included		in the	above, are as follows:
					31.8.21	31.8.20
Pupil Premium Grant					38,224	17,190
Department ofEducation					107,080	75,502
Education Funding	Agency				350,833	360,000
					496,137	452,692
CHARITABLE ACTIVITIES			COSTS
					Support
				Direct	costs (see
				Costs	note 6)	Totals
Teaching costs				1,578,290	9,510	1,587,800
Welfare costs				54,941		54,941
Premises costs				326,113	27,153	353,266
Support costs for schooling				26,168	28,770	54,938
Governance costs					1,522	1,522
				1,985,512	66,955	2,052,467
SUPPORT COSTS
					Governance
				Management	costs	Totals
Teaching costs				9,510		9,510
Premises costs				16,728	]0,425	27,153
Support costs for	schooling			19,195	9,575	28,770
Governance costs				1,522		1,522
				46,955	20,000	66,955

		31.8.21	31.8.20
Auditors'	remuneration	4,500	5,616
Depreciation - owned assets		98,880	105,802
Surplus	on disposal offixed assets		(80,000)

STAFF COSTS
			31.8.21	31.8.20
Wages and salaries			1,329,276	1,304,412
Social security costs			111,472	104,882
Other pension costs			183,638	172,163
			1,624,386	1,581,457
The average monthly	number ofemployees	during the year was as follows:
			31.8.21	31,8.20
Teachers			16	15
Care and teaching support staff			26	24
Domestic and maintenance			2	7
Administration staff			8	4
			52	50

The num	be	r ofemployees whose employee benefits	(excluding employer pension costs) exceeded	f60,000 wa
			31.8.21	31.8.20
$60,001	-	K70,000		2
$70,001	-	680,000		1

	for the Year E	for the Year E	for the Year E	nded 31August	2021
10.	COMPARATIVES FOR THE STATEMENT			OF FINANCIAL	ACTIVITIES
				Unrestricted	Restricted	Endowment	Total
				funds	fund	fund	funds
	INCOME AND ENDOWMENTS		FROM
	Donations and legacies			1,693			1,693
	Charitable activities
	Care and education of	children		2,054,769	17,190		2,071,959
	Other trading activities			4,320			4,320
	Other income					80,000	80,000
	Total			2,060,782	17,190	80,000	2,157,972
	EXPENDITURE ON
	Charitable activities
	General			5,944			5,944
	Teaching costs			1,420,282	12,481		1,432,763
	Welfare costs			187,979			187,979
	Premises costs			262,960		59,948	322,908
	Support costs for schooling			37,384			37,384
	Governance costs			1,853			1,853
	Total			1,916,402	12,481	59948	1 988 831
	NET INCOME			144,380	4,709	20,052	169,141
	Transfers between funds			110,000		(110,000)
	Net movement in funds			254,380	4,709	(89,948)	169,141
	RECONCILIATION	OF FUNDS
	Total funds brought	forward		49,959	3,000	2,742,927	2,795,886
	TOTAL FUNDS CARRIED FORWARD			304,339	7,709	2,652,979	2,965,027

11.	TANGIBLE	FIXEDASSETS
				Fixtures
			Freehold	and
			property	fittings	Totals
	COST
	At 1 September 2020		3,217,435	237,404	3,454,839
	Additions		17,745	41,009	58,754
	At 31August	2021	3,235,180	278,413	3,513,593
	DEPRECIATION
	At 1 September 2020		564,456	150,809	715,265
	Charge for year		60,147	38,733	98,880
	At 31 August	2021	624,603	189,542	814,145
	NET BOOK	VALUE
	At 31 August	2021	2,610,577	88,871	2,699,448
	At 31August	2020	2,652,979	86,595	2,739,574
	Freehold property is valued at fair value.
12.	DEBTORS:	AMOUNTS FALLING DUE WITHIN ONE YEAR
				31.8.21	31.8.20
	Trade debtors			1,800
	Other debtors				523
	Prepayments	and accrued income		28,852	9,901
				30,652	10,424
13.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				31.8.21	31.8.20
	Trade creditors			17,068	11,837
	Social security and other taxes			25,851	28,994
	Other creditors			14,958	11,873
	Accruals and	deferred income		6,558	7,962
				64,435	60,666

MOVEMEN	T IN FUNDS
				Net	Transfers
				movement	between	At
			At 1.9.20	in funds	funds	31.8.21
Unrestricted	funds
General fund			304,339	78,103	(17,745)	364,697
Restricted funds
Restricted Fund			7,709	14,159		21,868
Endowment	funds
Endowment			2,652,979	(60,147)	17,745	2,610,577
TOTAL FUNDS			2,965,027	32,115		2,997,142
Net movement	in funds, included		in the above are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
Unrestricted	funds
General fund				2,046,358	(1,968,255)	78,103
Restricted funds
Restricted Fund				38,224	(24,065)	14,159
Endowment	funds
Endowment					(60,147)	(60,147)
TOTAL FUNDS				2,084,582	(2,052,467)	32,115
Comparatives	for movement	in	funds
				Net	Transfers
				movement	between	At
			At 1.9.19	in funds	funds	31.8.20
Unrestricted	funds
General fund			49,959	144,380	110,000	304,339
Restricted funds
Restricted Fund			3,000	4,709		7,709
Endowment	funds
Endowment			2,742,927	20,052	(110,000)	2,652,979
TOTAL FUNDS			2,795,886	169,141		2,965,027

				Incoming	Resources	Movement
				resources	expended	in funds
Unrestricted	funds
General fund				2,060,782	(1,916,402)	144,380
Restricted funds
Restricted Fund				17,190	(12,481)	4,709
Endowment	funds
Endowment				80,000	(59,948)	20,052
TOTAL FUNDS				2,157,972	(1,988,831)	169,141
A current year 12months		and prior year 12months	combined	position is as follows:
				Net	Transfers
				movement	between	At
			At 1.9.19	in funds	funds	31.8.21
Unrestricted	funds
General fund			49,959	222,483	92,255	364,697
Restricted funds
Restricted Fund			3,000	18,868		21,868
Endowment	funds
Endowment			2,742,927	(40,095)	(92,255)	2,610,577
TOTAL FUNDS			2,795,886	201,256		2,997,142

		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted	funds
General fund		4,107,140	(3,884,657)	222,483
Restricted	funds
Restricted Fund		55,414	(36,546)	18,868
Endowment	funds
Endowment		80,000	(120,095)	(40,095)
TOTAL FUNDS		4,242,554	(4,041,298)	201,256

				Chaigeley
				Detailed Statement ofFinancial Activities
				for the Year Ended 31August 2021
					31.8.21	31.8.20
INCOME AND		ENDOWMENTS
Donations and	legacies
Donations					525	1,693
Other trading	activities
Rental income					4,320	4,320
Charitable activities
Grants					496,137	452,692
Educational and		care services			1,583,600	1,619,267
					2,079,737	2,071,959
Other income
Gain on sale of	tangible		fixed assets			80,000
Total incoming		resources			2,084,582	2,157,972
EXPENDITURE
Charitable activities
Wages					1,329,276	1,304,412
Social security					111,472	104,882
Pensions					183,638	172,163
Rates and water					10,925	13,966
Insurance					26,159	17,159
Light and heat					41,382	43,388
Postage and stationery					9,417	8,414
Motor expenses					3,464	5,332
Repairs					58,352	55,576
Care standards	costs				1,784	16,172
Teaching costs					90,845	73,488
Catering and accommodation					14,950	20,159
Travel costs					1,969	1,809
Fundraising and		publicity			3,000
Depreciation oftangible			fixed assets		98,879	105,800
					1,985,512	1,942,720
Support costs
Management
Telephone					2,759	4,717
Bank charges					1,522	1,453
Subscriptions					6,935	7,389
Recruitment expenses					14,931	540
Stafftraining					9,510	2,310
Health and safety costs					470	498
Cleaning and	laundry		costs		9,323	8,006
Carried forward					45,450	24,913

				Detailed Statement ofFinancial Activities
				for the Year Ended 31August 2021
					31.8.21	31.8.20
Management
Brought forward					45,450	24,913
Governor	training				1,505	60
Penalties	and	fines				400
					46,955	25,373
Governance		costs
Auditors'	remuneration				4,500	5,616
Legal and	professional		fees		15,500	15,122
					20,000	20,738
Total resources		expended			2,052,467	1,988,831
Net income					32,115	169,141