##
|||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|
##
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##
|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|
##
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|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|