**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 REP 'I'Hk TR Year En 31 Jul 20211 20.fv %zi ApryvFtd h. ortrofthc i￿a￿0r tyustccs OTr . . . signcd on its ￿laIr￿.. A V J Trn*ee P38e 2 **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 No*s' 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