| Page | |
|---|---|
| Report ofthe Trustees | 1to5 |
| Statement ofTrustees Responsibilities | |
| Statement ofFinancial Activities | |
| Balance Sheet | 8to9 |
| Notes to the Financial Statements | 10to 14 |
| Detailed Statement ofFinancial Activities | 15to 16 |
| The | overall d | eficit for the year was red | uced considerably by |
the fundraising activi |
ties: | |
|---|---|---|---|---|---|---|
| 31.08.20 f |
31.08.19 | |||||
| Net Net |
operating incoming |
deficit before fundraising resources from all other |
activities (as shown activities |
in note above) | (16,172) 31922 |
(51,514) 27,046 |
| Net | profit/loss | for the year | 15756 | ~24 468)) |
| 31.820 | 31.8.19 | |||
|---|---|---|---|---|
| Unrestricted | Unrestricted | |||
| funds | funds | |||
| Notes | f | |||
| INCOMING RESOURCES | ||||
| Incoming resources from generated | funds | |||
| Donations and legacies |
12,673 | 14,222 | ||
| Other trading activities | 44,770 | 36,705 | ||
| Incoming resources from charitable | activities | |||
| Tuition ®istration | 55995 | 36058 | ||
| Total incoming resources |
113,43$ | 86,985 | ||
| RESOURCES EXPENDED | ||||
| Costs ofgenerating funds |
||||
| Raising funds | 25,521 | 23,881 | ||
| Charitable activities |
||||
| School running costs |
72 167 | 87572 | ||
| Total resources expended | 97,688 | 111,453 | ||
| NET INCOMING/(OUTGOING) | ||||
| RESOURCES | 15,750 | (24,468) | ||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 15,663 | 40,131 | ||
| TOTAL FUNDS CARRIED FORWARD | 31413 | 15,663 |
| 31.820 | 31.8.19 | ||
|---|---|---|---|
| Unrestricted | Total funds | ||
| fund | |||
| Notes | |||
| CURRENT ASSETS | |||
| Debtors | 4,023 | 3,655 | |
| Cash at bank and in hand | ~27618 | ~12 008 | |
| 31,641 | 15,663 | ||
| CREDITORS | |||
| Amounts falling due within one year |
228 | ||
| NET CURRENT ASSETS | ~31413 | ~15663 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 31,413 | 15,663 | |
| NET ASSETS | ~31 413 | 15,663 | |
| THE FUNDS OF THE CHARITY | |||
| Unrestricted funds |
~31413 | ~15663 | |
| TOTAL FUNDS | ~31 413 | ~15 663 |
| INCOMING | RESOURCES FRO | M GENERATED FUNDS - UN | RESTRICTED | |
|---|---|---|---|---|
| 31.8.20 | 31.8.19 | |||
| Donations and legacies |
12,673 | 14,222 | ||
| 31.820 | 31.8.19 | |||
| Other trading | activities | f | ||
| Miscellaneous | events | 4/85 | 2,689 | |
| Tuck Shop | 4/05 | 3,117 | ||
| Annual dinner |
and dance | 18,036 | 10,193 | |
| Advertisements | for events | 13/10 | 8,600 | |
| BBQand associated events | 4034 | 12 I06 | ||
| 44,770 | 36,705 | |||
| NET INCOMING/(OUTGOING) | RESOURCES | |||
| Net resources are stated after charging/(crediting): | ||||
| 31.8.20 | 31.8.19 | |||
| Depreciation - | owned assets | 303 |
| 31.08.20 | 31.08.19 | 31.08.19 | ||
|---|---|---|---|---|
| Salaries | and Social security costs | 46431 | ~34 | 12 |
| Average | Number ofemployees | 17 | 16 |
| Government | ofthe Republic ofCyprus funded 1 fully funded t |
eacher and 9part funded teachers | as follows: |
|---|---|---|---|
| 31.08.20 | 31.08.19 | ||
| Total teaching | hours funded | 1950 | 1,330 |
| Approximate | average cost per hour | RIS | 513 |
| Approximate | value offunded teaching costs | 035100 | 623 940 |
| 31.820 | 31.8.19 | |||
|---|---|---|---|---|
| f | ||||
| Tuition | ®istration | fees | 3,405 | 3,405 |
| Rent deposit | 250 | 250 | ||
| Furlough | grant monies | 368 | ||
| ~4023 | 3,655 |
| 7. | CREDITORS | : AMOU | NTS FALLING | DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|---|---|
| 31.8.19 | 31,8,19 | |||||
| Other creditors | 28 | |||||
| Social security | and other | taxes | 200 | |||
| Accrued expenses | ||||||
| 228 | ||||||
| 8. | OPERATING | LEASE | COMMITMENTS | |||
| The following | operating | lease payments | are committed to be paid within one year: | |||
| 31.820 | 31.8.19 | |||||
| Expiring: | ||||||
| In more than five years | ~27 692 | 27,692 |
| Net | ||||||
|---|---|---|---|---|---|---|
| movement in |
||||||
| At 1.9.19 | funds | At31820 | ||||
| Unrestricted | funds | |||||
| General fund | 15,663 | 15,750 | 31,413 | |||
| TOTAL FUNDS | ~15 663 | ~15 750 | ~31 | 413 | ||
| Net movement | in funds, included | in the above are as follows: | ||||
| Incoming | Resources | Movement | in | |||
| resources | expended | funds | ||||
| Unrestricted | funds | |||||
| General fund | 113,438 | (97,688) | 15,750 | |||
| TOTAL FUNDS | 113435 | ~97555) | 15 | 750 |
| 31.8.20 | 31.8.19 | |||||
|---|---|---|---|---|---|---|
| INCOMING RESOURCES | ||||||
| Voluntary income |
||||||
| Donations and sponsorships |
~12 673 | 14,222 | ||||
| 12,673 | 14,222 | |||||
| Activities for generating | funds | |||||
| Miscellaneous events |
4/85 | 2,689 | ||||
| Tuck Shop | 4+05 | 3,117 | ||||
| Annual dinner and dance |
18,036 | 10,193 | ||||
| Advertisements for events |
13@10 | 8,600 | ||||
| BBQand Associated | events | ~4834 | ~12 106 | |||
| 44,770 | 36,705 | |||||
| Incoming resources | from | charitable | activities | |||
| Tuition &,registration | fees | 55,995 | 36,058 | |||
| Interest Received | ||||||
| Total incoming resources |
113,438 | 86,985 | ||||
| RESOURCES EXPENDED | ||||||
| Costs ofgenerating | voluntary | income | ||||
| Tuck shop | 2,831 | 3,269 | ||||
| Annual dinner &dance |
17,149 | 14,588 | ||||
| BBQand associated events | Costs | 3,084 | 4,303 | |||
| Other events costs | 2,457 | 1,720 | ||||
| 25+21 | 23,880 | |||||
| Support costs | ||||||
| Management | ||||||
| Wages and salaries | 46,431 | 52,545 | ||||
| Rent &Rates | 22,996 | 26/03 | ||||
| Insurance | 188 | I,162 | ||||
| Carried forward | 69,615 | 79,910 |
| 31.820 | 31.820 | 31.8.19 | |
|---|---|---|---|
| K | |||
| Management | |||
| Brought forward | 69,615 | 79,910 | |
| Bank charges | 4 | ||
| School magazine | 109 | ||
| Postage and stationery | 2,798 | ||
| Miscellaneous costs |
216 | 3,960 | |
| Accountancy fees |
216 | ||
| Repairs &maintenance | 489 | ||
| Discounts on tuition fees allowed | 2,120 | ||
| Fixtures and fittings | 303 | ||
| ~72 | 167 | 87,573 | |
| otal resources expended | 97,688 | 111,453 | |
| et expenditure | ~15,750) | 24,468 |