2020-08-31-accounts

	S	afar Academy Trust
		Contents
Reference and Administrative Details
Trustees' Report			2to 3
Statement ofTrustees'	Responsibilities
Independent Examiner's	Report
Statement ofFinancial	Activities
Balance Sheet
Cash Flow Statement
Notes to the Financial	Statements		9to 15

State	ment o	fFinancial Activitie	s for the Year Ende	d 31August 202	0
				Unrestricted	2020
			Note
Income and Endowments		from:
Donations and legacies				320,886	320,886
Charitable activities				393,557	393,557
Total Income				714,443	714,443
Expenditure on:
Charitable activities				(608,743)	(608,743)
Other expenditure				128,233)	(128,233)
Total Expenditure				(736,976)	(736,976)
Net movement in funds				(22,533)	(22,533)
Reconciliation offunds
Total funds brought	forward			281,319	281,319
Total funds carried	forward			258,786	258,786
				Unrestricted	2019
			Note
Income and Endowments		from:
Donations and legacies				421,678	421,678
Charitable activities				343,672	343,672
Total Income				765,350	765,350
Expenditure on:
Charitable activities				(532,365)	(532,365)
Other expenditure				(161,629)	(161,629)
Total Expenditure				(693,994)	(693,994)
Net movement in funds				71,356	71,356
Reconciliation offunds
Total funds brought	forward			209,963	209,963
Total funds carried	forward			281,319	281,319

		Balan	ce Sheet as at	31August 2020
					2020	2019
				Note
Fixed assets
Tangible assets					2,927	4,391
Investments					100	100
					3,027	4,491
Current assets
Debtors					258,854	267,933
Cash at bank	and in hand				14,282	24,321
					273,136	292,254
Creditors: Amounts		falling due within	one year	10	(17,377)	(15,426)
Net current	assets				255,759	276,828
Net assets					258,786	281,319
Funds ofthe	charity:
Unrestricted	income	funds
Unrestricted	funds				258,786	281,319
Total funds					258,786	281,319

			2020	2019
		Note
Cash flows from operating activities
Net cash (expenditure)/income			(22,533)	71,356
Adjustments to cash flows from non-cash	items
Depreciation			1,464	1,464
			(21,069)	72,820
Working capital adjustments
Decrease/(increase) in debtors		8	9,079	(44,834)
Increase in creditors		10	1,951	5,973
Net cash flows fiom operating activities			(10,039)	33,959
Cash flows from financing activities
Advance/(Repayment) ofloans and borrowings		10		(52,002)
Net decrease in cash and cash equivalents			(10,039)	(18,043)
Cash and cash equivalents at 1 September			24,321	42,364
Cash and cash equivalents at 31August			14,282	24,321

Income
			Other	Total	Total
			funds	2020	2019
Appeals	and	donations	66,060	66,060	161,990
Tuition fees			305,800	305,800	343,672
Donation	fiom subsidiary		254,826	254,826	259,688
Government		grants	87,757	87,757	87,757
			714,443	714,443	853,107

4 Staff costs The aggregate payroll costs were as follows:
	2020	2019
Staff costs during the year were:
Wages and salaries	549,124	473,746
Social security costs	22,603	18,456
Pension costs	5,207	3,419
	576,934	495,621

2020		2019
No		No
	88		84

6 Tangible fixed assets
			Furniture and
			equipment	Total
Cost
At 1 September 2019			21,967	21,967
At 31August 2020			21,967	21,967
Depreciation
At 1 September 2019			17,576	17,576
Charge for the year			1,464	1,464
At 31August 2020			19,040	19,040
Net book value
At 31August 2020			2,927	2,927
At 31August 2019			4,391	4,391
7 Fixed asset investments
			2020	2019
Shares in group undertakings	and participating	interests	100	100

Shares in group undertakings and participating i	nterests
	Subsidiary
	undertakings	Total
Cost
At 1 September 2019	100	100
At 31August 2020	100	100
Net book value
At 31August 2020	100	100
At 31August 2019	100	100

capital are as follows:
	Country of		Proportion	ofvoting rights	Principal
Undertaking	incorporation	Holding	and shares	held	activity
			2020	2019
Subsidiary undertakings
Safar Publications Limited	United Kingdom	Ordinary shares	100%	100%	Sale ofbooks
8 Debtors
				2020	2019
Due irom group undertakings				220,729	259,455
Other debtors				38,125	8,478
				258,854	267,933
9 Cash and cash equivalents
				2020	2019
Cash at bank				14,282	24,321

10 Creditors: amounts falling due within one year
	2020	2019
Other taxation and social security	8,256
Accruals	9,121	15,426
	17,377	15,426

12 Analysis ofnet assets between funds
	Total funds
	2020
Tangible fixed assets	2,927
Fixed asset investments	100
Current assets	273,136
Current liabilities	(17,377)
Total net assets	258,786
All funds are unrestricted.
	Total funds
	2019
Tangible fixed assets	4,491
Fixed asset investments	100
Current assets	292,254
Current liabilities	(15,426)
Total net assets	281,419
All funds are unrestricted.

				(As restated)
			Total	Total
			Unrestricted	Unrestricted
			2020	2019
Income and Endowments		from:
Donations and legacies			320,886	421,678
Charitable activities			393,557	343,672
Total income			714,443	765,350
Expenditure on:
Charitable activities			(608,743)	(532,365)
Other expenditure			(128,233)	(161,629)
Total expenditure			(736,976)	(693,994)
Net (expenditure)/income			(22,533)	71,356
Net movement in funds			(22,533)	71,356
Reconciliation offunds
Total funds brought	forward		281,319	209,963
Total funds carried	forward		258,786	281,319

		Total	Total
		2020	2019
Income and Endowments	from:
Donations and legacies (analysed below)		320,886	421,678
Charitable activities (analysed below)		393,557	343,672
Total income		714,443	765,350
Expenditure on:
Charitable activities (analysed below)		(608,743)	(532,365)
Other expenditure (analysed	below)	(128,233)	(161,629)
Total expenditure		(736,976)	(693,994)
Net (expenditure)/income		(22,533)	71,356
Net movement in funds		(22,533)	71,356
Reconciliation offunds
Total funds brought forward		281,319	209,963
Total funds carried forward		258,786	281,319

			Total	Total
			2020	2019
Donations and legacies
Appeals and donations			320,886	421,678
			320,886	421,678
Charitable activities
Services and fees			305,800	343,672
Grants receivable			87,757
			393,557	343,672
Charitable activities
Wages and salaries			549,124	473,746
StaffNIC (Employers)			22,603	18,456
Staff pensions (Defined	contribution)		5,207	3,419
Trips &Travelling			16,351	21,222
Donations			15,458	15,522
			608,743	532,365
Other expenditure
Rent			41,266	56,724
Insurance			1,290	1,272
Telephone and fax			1,228	1,362
Printing, postage and stationery			4,738	3,367
Sundry expenses			2,963	9,993
Accountancy fees			9,092	3,212
Accountancy prior years			9,299
Independent examiner's	fee		1,300	1,300
Consultancy and professional		fees	54,490	80,403
Bank charges			1,103	2,532
Depreciation offixtures	and	fittings	1,464	1,464
			128,233	161,629