| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 2 |
| Report ofthe Independent Auditors |
3 | to | 4 |
| Statement of Financial Activities | |||
| Balance Sheet | |||
| Cash Flow Statement | |||
| Notes to the Cash Flow Statement | |||
| Notes to the Financial Statements | 9 | to | 16 |
| Detailed Statement of Financial Activities | 17 | to | 18 |
| For The Year Ended | 31stDece | mber 2020 | |||
|---|---|---|---|---|---|
| 31/12/20 | 31/12/1 9 | ||||
| Total | Total | ||||
| funds | funds | ||||
| Notes | E | 6 | |||
| INCOME AND ENDOWMENTS | FROM | ||||
| Donations and legacies |
230,206 | 312,004 | |||
| Charitable activities |
|||||
| Core Activity | 14,535 | 973,193 | |||
| Other trading activities |
1,336,626 | 837,597 | |||
| Other income | 30,680 | 90,406 | |||
| Total | 1,612,047 | 2,213,200 | |||
| EXPENDITURE ON | |||||
| Raising funds | 1,002,559 | 531,956 | |||
| Charitable activities |
|||||
| Core Activity | 695,144 | 1,436,224 | |||
| Total | 1,697,703 | 1,968,180 | |||
| NET (EXPENDITURE)/INCOME | (85,656) | 245,020 | |||
| Transfers between |
funds | 16 | |||
| Net movement in funds |
(85,656) | 245,020 | |||
| RECONCILIATION OF FUNDS |
|||||
| Total funds brought | forward | 1,616,868 | 1,371,848 | ||
| TOTAL FUNDS CARRIED FORWARD | 1,531,212 | 1,616.848 |
| 31/12/20 | 31/12/19 | 31/12/20 | 31/12/19 | ||||
|---|---|---|---|---|---|---|---|
| Notes | Group f. |
Group f. |
Charity f |
Charity f |
|||
| FIXEDASSETS | |||||||
| Tangible | assets | 12 | 1,306,440 | 1,305,167 | 1,188,762 | 1,227,628 | |
| CURRENT ASSETS | |||||||
| Stocks | 13 | 147,235 | 121,863 | 4,482 | |||
| Debtors | 14 | 39,456 | 379,041 | 308,056 | 544,964 | ||
| Cash at | bank and | in hand | 141,880 | 164,954 | 42,659 | 100,802 | |
| 328,571 | 665,858 | 350,715 | 650,248 | ||||
| CREDITORS | |||||||
| Amounts | falling due within one year | 15 | (103,799) | (354,157) | (14,740) | (282,570) | |
| NET CURRENT ASSETS | 224,772 | 311,701 | 335,975 | 367,678 | |||
| TOTAL | ASSETS | LESSCURRENT LIABILITIES | 1,531,212 | 1,616,868 | 1,524,737 | 1 505,306 | |
| NET ASSETS | 1,531,212 | 1,616,868 | 1,524,737 | 1,595,306 | |||
| FUNDS | 16 | ||||||
| Total funds | 1,531,212 | 1,616,818 | 1,524,737 | 1,595,306 | |||
| TOTAL | FUNDS |
| Year Ended | Year Ended | Year Ended | Year Ended | ||||
|---|---|---|---|---|---|---|---|
| 31.12.20 | 31.12.19 | 31.12.20 | 31.12.19 | ||||
| Notes | Groupf | Groupf | Charity f. |
Charity f. |
|||
| Cash Flows from operating | |||||||
| Activities Cash generated from operations |
34,905 | 366,697 | ~54,949 | 314,430 | |||
| Net cash provided by operating activities |
34,905 | 366,697 | (54,949) | 314,430 | |||
| Cash flows from investing activities Purchase oftangible fixed assets |
~57979 | , | ~397944 | ~3,194 | ~341,571 | ||
| Net cash used in investing | activities | (57,979) | (397,944) | (3,194) | (341,571) | ||
| Change in cash and cash equivalents in the reporting |
period | (23,074) | (31,247) | (58,143) | (27,141) | ||
| Cash and cash equivalents beginning ofthe reporting |
at the period |
164,954 | 196,201 | 100,802 | 127,943 | ||
| Cash and cash equivalents end ofthe reporting period |
at the | 141,880 | 164,954 | 42,659 | 100,802 |
| Year Ended | Year Ended | Year Ended | Year Ended | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 31.12.20 | 31.12.19 | 31.1220 | 31.12.19 | ||||||
| Group f |
Group f |
Charity f |
Charity f |
||||||
| Net income/(expenditure) | for the reporting | period (as | |||||||
| per the statement | offinancial activities) | (85,656) | 245,020 | (70,571) | 223,458 | ||||
| Adjustments for: |
|||||||||
| Depreciation charges |
56,707 | 64,494 | 42,062 | 55,783 | |||||
| Loss on disposal offixed | assets | 112,463 | 112,463 | ||||||
| (Increase)/decrease | in stocks | (25,372) | (28,305) | 4,482 | 112 | ||||
| Decrease/(Increase) | in debtors | 339,585 | (237,334) | 236,909 | (262,037) | ||||
| (Decrease)/increase | in creditors | (205,358) | 210,359 | 267831 | 184,651 | ||||
| Net cash provided | by operations | (137,804) | 366,697 | 54,949 | 314,430 | ||||
| 2. ANALYSIS |
OF CHANGES | IN NET FUNDS | |||||||
| At 01.01.20 | Cash flow | At 31.12.20 | |||||||
| f | f | ||||||||
| Net Cash | |||||||||
| Cash at bank and | in | hand | 164954 | ~423,074 | 141,880 | ||||
| Total | 164,954 | ~23,074 | 141,880 |
| DONATIONS | AND LEGACIES | AND LEGACIES | AND LEGACIES | ||
|---|---|---|---|---|---|
| 31/12/20 f |
31/12/19 f |
||||
| Gifts | 18,826 | 34,350 | |||
| Donations | 1,593 | 3,819 | |||
| Gift aid | 22,115 | ||||
| School Fees | 187,672 | 273,835 | |||
| 230,206 | 312,004 | ||||
| OTHER TRADING ACTIVITIES | |||||
| 31/12/20 | 31/12/19 f |
||||
| Nexus Team | Limited | 1,336,626 | 837,597 | ||
| INCOME FROM | CHARITABLE ACTIVITIES | ||||
| 31/12/20 | 31/12/19 | ||||
| Activity | 8 | F | |||
| Educational | grants | Core Activity | 14,535 | 973,193 | |
| Grants received, | included | in the above, are as follows: | |||
| 31/12/20 | 31/12/19 | ||||
| 8 | |||||
| Other grants | 14,535 | 973,193 |
| Raising donations | Raising donations | and legacies | and legacies | and legacies | ||||
|---|---|---|---|---|---|---|---|---|
| 31/12/20 f |
31/12/19 f |
|||||||
| Fund raising | expenses | 229 | 3,458 | |||||
| Merchandising | direct | costs (see note | 18) | 1,002,330 | 528,498 | |||
| 1,002,559 | 531,956 | |||||||
| CHARITABLE ACTIVITIES | COSTS | |||||||
| Support | ||||||||
| Direct | costs (see | |||||||
| Costs | note 7) | Totals | ||||||
| F | 8 | 8 | ||||||
| Core Activity | 642,101 | 53,043 | 695,144 | |||||
| SUPPORT COSTS | ||||||||
| Governance | ||||||||
| Finance 8 |
costs f |
Totals | ||||||
| Core Activity | 15,983 | 37,060 | 53,043 | |||||
| AUDITORS' | REMUNERATION | |||||||
| 31/12/20 | 31/12/19 f |
|||||||
| Fees payable | to the | charity's | auditors | for the audit ofthe charity's | financial | |||
| statements | 4,990 | 5,000 |
| 31/12/2020 f |
31/12/2020 f |
31/12/2019 f |
|||
|---|---|---|---|---|---|
| Wages and salaries | 296 | 741,326 | |||
| Social security costs Other pension costs |
2 | 500 | 62,254 82460 |
||
| 2 | 796 | 886040 | |||
| The average monthly |
number ofemployees | during the year was as follows: | |||
| 31/12/2020 | 31/12/2019 | ||||
| Teachin | 30 |
| amstede Education Trust o the Financial Statements -continued Year Ended 31stDecember 2020 |
amstede Education Trust o the Financial Statements -continued Year Ended 31stDecember 2020 |
amstede Education Trust o the Financial Statements -continued Year Ended 31stDecember 2020 |
amstede Education Trust o the Financial Statements -continued Year Ended 31stDecember 2020 |
||
|---|---|---|---|---|---|
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |||||
| Unrestricted | Restricted | Total | |||
| fundf | funds | funds 6 |
|||
| INCOME AND ENDOWMENTS | FROM | ||||
| Donations and legacies |
287,629 | 24,375 | 312,004 | ||
| Charitable activities |
|||||
| Core activities | 675,396 | 297,797 | 973,193 | ||
| Other trading activities |
837,597 | 837,597 | |||
| Other income | 72,717 | 17,689 | 90,406 | ||
| Total | 1,873,339 | 339,861 | 2,213,200 | ||
| EXPENDITURE ON | |||||
| Raising funds | 531,956 | 531,956 | |||
| Charitable activities |
|||||
| Core Activity | 1,328,448 | 107,776 | 1,436,224 | ||
| Total | 1,860,404 | 107,776 | 1,697,703 | ||
| NET INCOME | 12,935 | 232,085 | 245,020 | ||
| Transfers between funds |
(17,613) | 17,613 | |||
| Net movement in funds |
(4,678) | 249,698 | 245,020 | ||
| RECONCILIATION OF FUNDS |
|||||
| Total funds brought | forward | 826,497 | 545,351 | 1,371,848 | |
| TOTAL FUNDS CARRIED FORWARD | 821,819 | 795,049 | 1,616,868 | ||
| TANGIBLE FIXEDASSETS | |||||
| School | Leasehold | Computer | |||
| Buildings 6 |
Property f |
equipment f |
Totals | ||
| COST | |||||
| At 1st January 2020 | 1,789,066 | 37,940 | 1,827,006 | ||
| Additions | 3,195 | 26,743 | 28,041 | 57,979 | |
| At 31st December 2020 | 1,792,261 | 26,743 | 65,981 | 1,884,985 | |
| DEPRECIATION | |||||
| At 1st January 2020 | 510,034 | 11,804 | 521,839 | ||
| Charge for year | 42,062 | 14,645 | 56,707 | ||
| At 31st December 2020 | 552,096 | 26,449 | 578,545 | ||
| NET BOOK VALUE | |||||
| At 31st December 2020 | 1,240,165 | 26,743 | 39,532 | 1,306,440 | |
| At 31st December 2019 | 1,279,031 | 26,136 | 1,305,167 |
| For T | he Year Ended | 31 | st D | ec | em | ber 2 | 020 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 13. | STOCKS | |||||||||||
| 31/12/20 | 31/12/19 | 31/12/20 | 31/12/19 | |||||||||
| Group f |
Group | Charity 6 |
Charity | |||||||||
| Stocks | 147,235 | 121,863 | 4,482 | |||||||||
| 14. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||||||||||
| 31/12/20 | 31/12/1 9 | 31/12/20 | 31/12/19 | |||||||||
| Group | Group f |
Charity 6 |
Charity f |
|||||||||
| Trade debtors | 36,103 | 331,640 | 9,929 | 309,035 | ||||||||
| Other debtors | 3,353 | 47,401 | 298,128 | 235,929 | ||||||||
| 39,456 | 379,041 | 308,057 | 544.964 | |||||||||
| 15. | CREDITORS: | AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||||||||
| 31/12/20 | 31/12/1 9 | 31/12/20 | 31/12/19 | |||||||||
| Group 6 |
Groupf | Charity 6 |
Charity 6 |
|||||||||
| Trade creditors | 63,734 | 52,144 | 3,331 | |||||||||
| Taxation and | social security | 6,925 | 8,298 | 12,464 | ||||||||
| Other Creditors | 18,700 | 293,715 | 14,740 | 266,775 | ||||||||
| 103,799 | 354,157 | 14,740 | 282,570 | |||||||||
| 16. | MOVEMENT | IN FUNDS | ||||||||||
| Net | Transfers | |||||||||||
| movement | between | At | ||||||||||
| At 1.1.20 f |
in funds | funds f |
31.12.20 | |||||||||
| Unrestricted | funds | |||||||||||
| General fund |
821,819 | (85,656) | 795,049 | 1,531,212 | ||||||||
| Restricted funds | ||||||||||||
| School Buildings | Fund | 442,534 | (442,534) | |||||||||
| Special Educational Self-directed learning |
Needs centre |
352,515 | ~352,515) | |||||||||
| 795,049 | ~795,049 | |||||||||||
| TOTAL FUNDS | 1,616,868 | ~85,656) | 1,531,212 | |||||||||
| Net movement | in | funds, | included | in the above are as | follows: | |||||||
| Incoming | Resources | Movement | ||||||||||
| resources f |
expended 6 |
in funds f |
||||||||||
| Unrestricted | funds | |||||||||||
| General fund |
1,612,047 | (1,697,703) | (85,656) | |||||||||
| Restricted funds | ||||||||||||
| School Buildings | Fund | |||||||||||
| Special Educational | Needs | |||||||||||
| Self-directed | learning | centre | ||||||||||
| TOTAL FUNDS | 1,612,047 | (1,697,703) | (85,656) | |||||||||
| 13 | continued. .. |
| Comparatives fo |
r m | ovem | ent in fun |
ds | |||||
|---|---|---|---|---|---|---|---|---|---|
| Net | Transfers | ||||||||
| movement | between | At | |||||||
| At 1.1.19 f |
in funds | funds | 31.12.19 6 |
||||||
| Unrestricted funds |
|||||||||
| General fund | 826,497 | 12,935 | (17,613) | 821,819 | |||||
| Restricted funds | |||||||||
| School Buildings | Fund | 457,258 | (14,724) | 442,534 | |||||
| Special Education Needs Self-directed learning centre |
88093 | (9,865) 256,674 |
9,865 7,748 |
352,515 | |||||
| 545351 | 232,085 | 17,613 | 795,049 | ||||||
| TOTAL FUNDS | 245 020 | 1,616,868 | |||||||
| Comparative net |
movement | in funds, | included | in the above are | as follows: | ||||
| Incoming | Resources | Movement | |||||||
| resources f |
expended 6 |
in funds 6 |
|||||||
| Unrestricted funds |
|||||||||
| General fund | 1,873,339 | (1,860,404) | 12,935 | ||||||
| Restricted funds | |||||||||
| School Buildings | Fund | (14,724) | (14,724) | ||||||
| Special Education Needs Self-directed learning centre |
65,086 274,775 |
(74,951) ~18,101) |
(9,865) 256,674 |
||||||
| 339,861 | ~107,776) | 232,085 | |||||||
| TOTAL FUNDS | 2,213,200 | ~1,968,180) | 245,020 | ||||||
| A current year 12 months | and prior year 12months | combined | position is as follows: | ||||||
| Net | Transfers | ||||||||
| movement | between | At | |||||||
| At 1.1.19 f |
in funds | funds 6 |
31.12.20 f |
||||||
| Unrestricted funds |
|||||||||
| General fund |
826,497 | (72,721) | 777,436 | 1,531,212 | |||||
| Restricted funds | |||||||||
| School Buildings | Fund | 457,258 | (14,724) | (442,534) | |||||
| Special Educational Self-directed learning |
Needs centre |
88,093 | (9,865) 256,674 |
9,865 ~344,767) |
|||||
| 545,351 | 232,085 | 777,436 | |||||||
| TOTAL FUNDS | 1,371,848 | 159,364 | 1,531,212 |
| Incoming | Resources | Movement | |||||
|---|---|---|---|---|---|---|---|
| resources | expended f |
in funds | |||||
| Unrestricted funds |
|||||||
| General | fund | 3,485,386 | (3,558,107) | (72,721) | |||
| Restricted funds | |||||||
| School | Buildings | Fund | (14,724) | (14,724) | |||
| Special Educational Self-directed learning |
Needs centre |
65,086 274,775 |
(74,951) ~18,101) |
(9,865) 256,674 |
|||
| 339,861 | ~10tt76 | , | 232088 | ||||
| TOTAL | FUNDS | 3,825,247 | ~3,665,883) | 159,364 |
| 31/12/20 | 31/12/19 | ||||
|---|---|---|---|---|---|
| f | 8 | ||||
| Turnover | 1,336,626 | 837,597 | |||
| Cost ofSales | (984,803) | (528,498) | |||
| Gross Profit | 351,823 | 309,099 | |||
| Administrative | expenses | (159,430) | (118,720) | ||
| Net Profit from | trading | 192,393 | 190,379 | ||
| The aggregate | ifthe assets, liabilities | and funds was: | |||
| Assets | 390,308 | 300,859 | |||
| Liabilities | 372,735 | 283,286 | |||
| Funds (including | 2 ordinary shares of61 | each) | |||
| 17,573 | 17,573 |
| 31/12/20 | 31/12/19f | |||
|---|---|---|---|---|
| INCOME AND ENDOWMENTS | ||||
| Donations and legacies |
||||
| Gifts | 18,826 | 34,350 | ||
| Donations | 1,593 | 3,819 | ||
| Gift aid | 22,115 | |||
| School Fees | 187,672 | 273,835 | ||
| 230,206 | 312,004 | |||
| Other trading activities |
||||
| Nexus Team Limited | 1,336,626 | 837,597 | ||
| Charitable activities |
||||
| Educational grants |
14,535 | 973,193 | ||
| Other income | ||||
| Careers training programme |
29,000 | |||
| Canteen sales | 11,049 | 38,107 | ||
| Other | 14,631 | 23,299 | ||
| Rent | 5,000 | |||
| 30,680 | 90,406 | |||
| Total incoming resources |
1,612,047 | 2,213,200 | ||
| EXPENDITURE | ||||
| Raising donations and Fund raising expenses |
legacies | 229 | 3,458 | |
| Fundraising trading: cost ofgoods sold and other costs Trading expenses |
1,002,330 | 528,498 | ||
| Charitable activities |
||||
| Staff salaries and expenses | 296 | 741,326 | ||
| Social security | 62,254 | |||
| Pensions | 2,500 | 82,460 | ||
| Rent | 19,990 | 4,284 | ||
| Rates and water | 1,737 | 6,466 | ||
| Insurance | 1,320 | 1,222 | ||
| Light and heat | 25,993 | 32,628 | ||
| Telephone | 3,886 | 4,777 | ||
| Postage and stationery Advertising |
16,456 5,712 |
9,847 7,659 |
||
| Sundries | 1,579 | 2,835 | ||
| Examination fees |
21,679 | |||
| School requisites | 4,582 | 52,057 | ||
| Janitorial, first aid and health |
&safety | 134 | 1,102 | |
| School trip receipts and | expenses | 1,394 | ||
| Premises: maintenance | 764 | 34,210 | ||
| Cleaning and refuse disposal Other operating leases Pupil transport |
11 | 28,255 3,629 44,979 |
||
| Repairs and maintenance | 5,634 | 19,849 | ||
| I.T. expenditure | 13,690 | 14,403 | ||
| Shop expenses | 5,020 | |||
| Uniforms | (395) | (732) | ||
| Bad debts | 44,072 | |||
| Canteen expenses | 6,509 | 27,092 | ||
| Other charitable donations |
425,570 | |||
| Subscriptions | 334 | 268 | ||
| Depreciation of tangible |
fixed | assets | 56,707 | 64,494 |
| Loss on sale oftangible | fixed | assets | 112,463 | |
| 1,644,660 | 1,380,900 |
| 31/12/20 | 31/12/19 | |||
|---|---|---|---|---|
| 8 | 8 | |||
| Support costs | ||||
| Finance | ||||
| Bank charges | 631 | 2,134 | ||
| Payment transaction |
charges | 15,352 | 4,977 | |
| Exchange rate (gains)/losses | 322 | |||
| 15,983 | 7,433 | |||
| Finance | ||||
| Governance | costs | |||
| Auditors' remuneration |
4,990 | 5,000 | ||
| Accountancy | fees | 842 | 3,210 | |
| Bookkeeping | fees | 28,122 | 28,400 | |
| Professional fees |
1,200 | 11,281 | ||
| Vend Loyalty | Expense | 1,899 | ||
| Store Credit fees | 7 | |||
| 37,060 | 47,891 | |||
| Total resources | expended | 1,697,703 | 1,968,180 | |
| Net (expenditure)/income | ~85,656) | 245,020 |