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2020-07-31-accounts

REGISTERED CHARITY NUMBER: 1081558

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2020

FOR

Bishop Wand School Governors

Bishop Wand School Governors

CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 July 2020

Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 8
Detailed Statement of Financial Activities 9

Bishop Wand School Governors

REPORT OF THE TRUSTEES for the Year Ended 31 July 2020

The trustees present their report with the financial statements of the charity for the year ended 31 July 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The purpose of the Governors' and Friends' Fund is to advance the education of the pupils of The Bishop Wand Church of England School by providing or assisting in the provision of educational, recreational and other charitable facilities. The Governors' and Friends' Fund makes a contribution to the Chaplain's salary and makes grants to the school for various projects not covered by the funding from the Department for Education or other funding sources.

Review of activities and achievements

Trustees of the Governors' and Friends' Fund agreed to cover all of the salary costs of the Chaplain, who greatly enhances the spiritual life of the school.? The Statutory Inspection of Anglican and Methodist Schools (SIAMS) in March 2015 judged the school as 'Outstanding' in all areas. It acknowledged that The Bishop Wand Church of England School meets the needs of all learners through its distinctive Christian character and the effectiveness of its religious education.

The Governors' and Friends' Fund contributed to the school projects listed below to improve the pupil's education and recreational facilities for £10,000 The fund has a surplus of £2,441 at the end of the year.

The amount of money raised from regular, one-off contributions and gift aid was £44,002. The cost of generating these funds was £1,344. This was in line with the budget. The Fund will be able to meet its commitments in the coming years. The trustees have decided to fund 50% of the Chaplain costs in 2020/21 and allocate £11,000 to fund projects. The Trustees will decide how the project funds should be spent in accordance with the charity's aims & objectives.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number 1081558

Principal address

c/o Bishop Wand School Layton's Lane SUNBURY ON THAMES Middlesex TW16 6LT

Trustees

Ms C Watmore Mr M Church R Dickens (resigned 22.4.20) Mr P D Frith Mrs D Howley Mr I Kirk Mr D Aldridge Mr B Grew (resigned 31.8.19) Mr M Graham Mr M Newton Mrs C Gill (resigned 31.7.20) Mrs M Bramhall Rev A Saville (resigned 24.3.20) Rev A V J Downes Mrs C Batt Mr T Wood Mr C Fowler Ms S Dodd (appointed 10.9.19) Father J A D S Fernandez (appointed 25.3.20) Mr M Graham Mr M Newton

Independent Examiner

Hunt Ford Osborne House, 143-145 Stanwell Road Ashford Middlesex TW15 3QN

Page 1

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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BISHOP WAND SCHOOL GOVERNORS

Independent examiner's report to the trustees of Bishop Wand School Governors

I report to the charity trustees on my examination of the accounts of Bishop Wand School Governors (the Trust) for the year ended 31 July 2020.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Hunt Ford Osborne House, 143-145 Stanwell Road Ashford Middlesex TW15 3QN

Date: .............................................

Page 3

Bishop Wand School Governors

STATEMENT OF FINANCIAL ACTIVITIES

for the Year Ended 31 July 2020

31.7.20 31.7.19
Unrestricted Total
fund funds
Notes £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 49,416 62,076
Investment income 2 1 2
Total 49,417 62,078
EXPENDITURE ON
Raising funds - 1,000
Charitable activities
Contributions to School 55,421 79,012
Other - 1,344
Total 55,421 81,356
NET INCOME/(EXPENDITURE) (6,004) (19,278)
RECONCILIATION OF FUNDS
Total funds brought forward 8,676 27,954
TOTAL FUNDS CARRIED FORWARD 2,672 8,676

The notes form part of these financial statements

Page 4

BALAN 31 Jul 20211 EET 31.7.20 31.7.19 [Tiiitslrijlrd T()tal Nos' cuItKENT ASSETS Deb￿r$ Ini'cstm¢nts Cash at baDk. 6,013 231 51.849 611) 229 34.498 CRbDI"IDKS Amounts fal]Ln¥ due within on¢ v¢ar 155.4211 126,6511 YET CiTRRF.NT ASSFTS A fi76 I'O'IAL ASSI"I"S LESS CURREhT LIABILITIES 2,672 8.676 r4ET ASSE]5 2.672 8.676 FIINfAS UlTr￿￿ri¥tsyJ fuNI$ 2.6n .1)76 TOTAL FUNDS 2,672 8.676 Tbe fllLanvial state￿ellts lie￿ apptDid ￿ the Fknard of T￿51￿$ wthL7ri5ed for J5the on o"Hw J82J 9￿d iiEre on its iKhair A V J TTU5t ME5 C BJtt.Tn￿￿y Thc foTm part of th£ ritt￿la1 $1&lUn¢nts Page S

Bishop Wand School Governors

NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 July 2020

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2.

INVESTMENT INCOME

INVESTMENT INCOME
31.7.20 31.7.19
£ £
Deposit account interest 1 2

3.

TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 July 2020 nor for the year ended 31 July 2019.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 July 2020 nor for the year ended 31 July 2019.

4.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies 62,076
Investment income 2
Total 62,078
EXPENDITURE ON
Raising funds 1,000
Charitable activities
Contributions to School 79,012
Other 1,344
Total 81,356
NET INCOME/(EXPENDITURE) (19,278)

continued...

Page 6

Bishop Wand School Governors

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 July 2020

4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
5.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Prepayments
6.
CURRENT ASSET INVESTMENTS
CCLA Investment
7.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
8.
MOVEMENT IN FUNDS
At 1.8.19
£
Unrestricted funds
General fund
8,676
TOTAL FUNDS
8,676
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
49,417
TOTAL FUNDS
49,417
Comparatives for movement in funds
At 1.8.18
£
Unrestricted funds
General fund
27,954
TOTAL FUNDS
27,954		 31.7.20
£
6,013
31.7.20
£
231
31.7.20
£
55,421
Net
movement
in funds
£
(6,004)
(6,004)
Resources
expended
£
(55,421)
(55,421)
Net
movement
in funds
£
(19,278)
(19,278)		 Unrestricted
fund
£
27,954
8,676
31.7.19
£
600
31.7.19
£
229
31.7.19
£
26,651
At
31.7.20
£
2,672
2,672
Movement
in funds
£
(6,004)
(6,004)
At
31.7.19
£
8,676
8,676

continued...

Page 7

Bishop Wand School Governors

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 July 2020

8. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 62,078 (81,356) (19,278)
TOTAL FUNDS 62,078 (81,356) (19,278)
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement At
At 1.8.18 in funds 31.7.20
£ £ £
Unrestricted funds
General fund 27,954 (25,282) 2,672
TOTAL FUNDS 27,954 (25,282) 2,672

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

9.

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 111,495 (136,777) (25,282)
TOTAL FUNDS 111,495 (136,777) (25,282)
RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 July 2020.

Page 8

Bishop Wand School Governors

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

for the Year Ended 31 July 2020

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 July 2020
31.7.20 31.7.19
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Other Donations - 2,500
Parental Contributions 38,667 50,877
Gift aid 10,749 8,699
49,416 62,076
Investment income
Deposit account interest 1 2
Total incoming resources 49,417 62,078
EXPENDITURE
Other trading activities
Costs of raising donations - 1,000
Charitable activities
Contribution to School 54,077 79,012
Support costs
Governance costs
Auditors' remuneration 672 -
Accountancy and legal fees 672 1,344
1,344 1,344
Total resources expended 55,421 81,356
Net expenditure (6,004) (19,278)

This page does not form part of the statutory financial statements

Page 9