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





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





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|||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<br>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|





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





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|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|



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|4<br>Staff costs<br>The aggregate<br>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|



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|2020||2019||
|---|---|---|---|
|No||No||
||88||84|





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|6<br>Tangible fixed assets|||||
|---|---|---|---|---|
||||Furniture<br>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<br>Fixed asset investments|||||
||||2020|2019|
|Shares in group undertakings|and participating|interests|100|100|





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|Shares in group undertakings<br>and participating<br>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|



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





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



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|12 Analysis ofnet assets between<br>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.||



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|||||(As restated)|
|---|---|---|---|---|
||||Total|Total|
||||Unrestricted|Unrestricted|
||||2020|2019|
|Income and Endowments||from:|||
|Donations<br>and legacies|||320,886|421,678|
|Charitable<br>activities|||393,557|343,672|
|Total income|||714,443|765,350|
|Expenditure<br>on:|||||
|Charitable<br>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<br>in funds|||(22,533)|71,356|
|Reconciliation offunds|||||
|Total funds brought|forward||281,319|209,963|
|Total funds carried|forward||258,786|281,319|





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





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||||Total|Total|
|---|---|---|---|---|
||||2020|2019|
|Donations<br>and legacies|||||
|Appeals<br>and donations|||320,886|421,678|
||||320,886|421,678|
|Charitable<br>activities|||||
|Services and fees|||305,800|343,672|
|Grants receivable|||87,757||
||||393,557|343,672|
|Charitable<br>activities|||||
|Wages and salaries|||549,124|473,746|
|StaffNIC (Employers)|||22,603|18,456|
|Staff pensions<br>(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<br>and fax|||1,228|1,362|
|Printing,<br>postage and stationery|||4,738|3,367|
|Sundry expenses|||2,963|9,993|
|Accountancy<br>fees|||9,092|3,212|
|Accountancy<br>prior years|||9,299||
|Independent<br>examiner's|fee||1,300|1,300|
|Consultancy<br>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|