| Page | |||
|---|---|---|---|
| Report ofthe Trustms | 1 | to | 3 |
| Report ofthe Independent Audiitors |
4 | to | 5 |
| Statement ofFiaaacial Activities | |||
| Balance Sheet | 7 | to | 8 |
| Cash Flow Statement | |||
| Notes to the Cash Flow Statement | 10 | ||
| Notes to the Finaacial Statements | 11 | to | 18 |
| Detailed Statement ofFinaacial Activities | 19 | to | 20 |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| fund | funds | funds | fimds | ||||
| INCOME | AND ENDOWMENTS FROM | Notes | f. | f. | |||
| Donations | and legacies | 2 | 136,941 | 97,555 | 234,496 | 284,254 | |
| Charitable | activities | 4 | |||||
| Educational | activities | 638,605 | 638,605 | 562,045 | |||
| Invesunent | income | 3 | 254,274 | 254,274 | 361,631 | ||
| Total | 1,029,820 | 97,555 | 1,127,375 | 1,207,930 | |||
| EXPENDITURE ON | |||||||
| Raising fimds | 190 | 190 | 767 | ||||
| Charitable | activities | ||||||
| Donations | |||||||
| 1 | |||||||
| Educational | activities | 803,121 | 97,555 | 900,676 | 941,975 | ||
| 803,311 | 97,555 | 900,866 | 942,743 | ||||
| NET INCOME | 226,509 | 226,509 | 265,187 | ||||
| Other recognised gains/ ftosses) |
|||||||
| Gains on revaluafion offixed assets | 15,000 | 15,000 | |||||
| Net movement in funds |
226,509 | 15,000 | 241,509 | 265,187 | |||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds | brought forward | 319,065 | 3,382,025 | 3,701,090 | 3,435,903 | ||
| TOTAL FUNDS CARRIED FORWARD | 545,574 | 3,397,025 | 3,942,599 | 3,701,090 |
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fulld | fullds | funds | funds | ||
| Notes | |||||
| FIXEDASSETS | |||||
| Tangible assets Invesmamt property |
13 14 |
1,528 - |
2,000,000 2,335,000 |
2,001,528 2,335,000 |
2,001,909 2,320,000 |
| 1,528 | 4,335,000 | 4,336,528 | 4,321,909 | ||
| CURRENT ASSETS | |||||
| Debtors Cash atbank |
15 | 518,608 30,717 |
518,608 30,717 |
344,225 20,611 |
|
| 549,325 | 549,325 | 364,836 | |||
| CREDITORS | |||||
| Amounts falling due within one year |
16 | (5379) | (62„823) | (68,102) | (48,078) |
| NET CURRENT ASSETS | 544,046 | (62,823) | 481,223 | 316,758 | |
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 545,574 | 4,272,177 | 4,817,751 | 4,638,667 | |
| CREDITORS | |||||
| Amounts falling due after more than one year |
17 | (875,152) | (875,152) | (937,577) | |
| NET ASSETS | 545.574 | 3,397,025 | 3942,599 | 3,701,090 | |
| FUNDS | 20 | ||||
| Unrestricted funds |
545,574 | 318,667 | |||
| Restricted fimds | 3,397,025 | 3,382,423 | |||
| TOTAL FUNDS | 3,942,599 | 3,701,090 |
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Notes | |||||
| Cash flows from operating | activities | ||||
| Cash generated &om opemfiocs |
10,106 | 9,769 | |||
| Net cash provided by operating activities | 10,106 | 9,769 | |||
| Change in cash and cash equivalents | in | ||||
| the reporting period | 10,106 | 9,769 | |||
| Cash and cash equivalents | at the | ||||
| beginniag ofthe reporting | period | 20,611 | 10,842 | ||
| Cash and cash equivalents | atthe end | of | |||
| the reportiug period |
30,717 | 20,611 |
| 2020 | 2019 | ||
|---|---|---|---|
| Net income for the | reporting period (asper the Statement ofFinancial | ||
| Activities) Adjustments for: |
226,509 | 265,187 | |
| Depreciation charges |
381 | 477 | |
| Interest Charges Increase in debtors Increase in creditors |
(54,759) (173,648) 11,623 |
(55,562) (205,787) 5,454 |
|
| Net cash provided | by operations | 10,106 | 9,769 |
| At29.12.19 f. |
Cash flow I |
At 28.12.20 f. |
|
|---|---|---|---|
| Net cash | |||
| Cash at bank | 20„611 | 10,106 | 30,717 |
| 20,611 | 10,106 | 30,717 | |
| Debt | |||
| Debts falling due atter 1year | (937,577) | 62,425 | (875,152) |
| (937,577) | 62,425 | (875,152) | |
| Total | (916,966) | 72,531 | (844.435) |
| 2. | DONATIONS AND LEGACIES | DONATIONS AND LEGACIES | DONATIONS AND LEGACIES | DONATIONS AND LEGACIES | ||||
|---|---|---|---|---|---|---|---|---|
| 2020f | 2019 f |
|||||||
| Giga and donadons | 99,115 | 186,361 | ||||||
| Grants LSAReceived |
37,826 97,555 |
22,805 75,088 |
||||||
| 234,496 | 284,254 | |||||||
| Grants received, included | in the above, are | as follows: | ||||||
| 2020f | 2019 f |
|||||||
| Grants received | 37,826 | 22,805 | ||||||
| 3. | INVESTMENT INCOME | |||||||
| 2020 f |
2019 | |||||||
| Rents received | 254374 | 361,631 | ||||||
| INCOME FROM | CHARITABLE ACTIVITIES | |||||||
| Activity | 2020f | 2019 f |
||||||
| Child care | Educational | activities | 465,979 | 401,746 | ||||
| NEF / Early Years | funding | Educational | activities | 172,626 | 160,299 | |||
| 638,605 | 562,045 | |||||||
| 5. | RAISING FUNDS | |||||||
| Raising donations | and legacies | |||||||
| 2020f | 2019 f |
|||||||
| Fundraising | 190 | 767 | ||||||
| 6. | CHARITABLE ACTIVITIES | COSTS | ||||||
| Grant | ||||||||
| funding of | ||||||||
| activities | Support | |||||||
| Direct | (seenote | costs (see | ||||||
| Costs | 7) | note 8) f |
Totals f, |
|||||
| Educational activities |
810,053 | 687 | 89,936 | 900,676 |
| 7. | GRANTS PAYABLE | ||||||
| 2020 | 2019 | ||||||
| Educational activities |
687 | 2,331 | |||||
| The total grants paid to | institutions | during the year was | as follows: | ||||
| 2020I | 2019 | ||||||
| Donations made | 687 | 2,331 | |||||
| 8. | SUPPORT COSTS | ||||||
| Govemauce | |||||||
| Finance | Other f |
costs f |
Totals f |
||||
| Educational activities |
103 | 59,579 | 30,254 | 89.936 | |||
| 9. | NET INCOME/(EXPENDITURE) | ||||||
| Net income/(expenditure) | is stated | after charging/(crediting): | |||||
| 2020 | 2019 | ||||||
| Depreciation - owned assets | 381 | 478 | |||||
| 10. | TRUSTEES' REMUNERATION | AND BENEFITS | |||||
| 2020 | 2019f | ||||||
| Trustees' salaries | 9,949 | 6,762 | |||||
| Trustees' expenses |
| STAFFCOSTS | |||||
|---|---|---|---|---|---|
| 2020I | 2019 | ||||
| Wages and salaries | 583,640 | 536,826 | |||
| 583,640 | 536.826 | ||||
| The average monthly | number ofemployees | during the year was as follows: | |||
| 2020 | 2019 | ||||
| Staff | 91 | 91 | |||
| T11lstees | 1 | 1 | |||
| 92 | 92 | ||||
| No employees received emoluments | in excess off60,000. |
| Unrestricted | Restricted | Total | |||
|---|---|---|---|---|---|
| fund | funds | funds | |||
| INCOME AND ENDOWMENTS FROM | |||||
| Donadons and legacies |
209.166 | 75,088 | 284,254 | ||
| Charitable activities |
|||||
| Educational activities |
562,045 | 562,045 | |||
| Investment income |
361,631 | 361,631 | |||
| Total | 1,132,842 | 75,088 | 1,207,930 | ||
| EXPENDITURE ON | |||||
| Raising funds | 767 | 767 | |||
| Charitable activities |
|||||
| Donations | 53,989 | (53,988) | 1 | ||
| Educational activities |
868,462 | 73,513 | 941,975 | ||
| Total | 923318 | 19,525 | 942,743 | ||
| NET INCOME | 209,624 | 55,563 | 265,187 | ||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 109,043 | 3,326,860 | 3,435,903 | ||
| TOTAL FUNDS CARRIED FORWARD | 318,667 | 3,382,423 | 3,701,090 | ||
| 13. | TANCIBLE FIXEDASSETS | ||||
| Freehold | Plant and | Motor | |||
| property | machinery | vehicles | Totals | ||
| COST | |||||
| At 29December 2019and | |||||
| 28December 2020 | 2,000,000 | 4,767 | 5,500 | 2,010367 | |
| DEPRECIATION | |||||
| At29December 2019 | 3,910 | 4.448 | 8,358 | ||
| Charge for year | 171 | 210 | 381 | ||
| At 28December 2020 | 4,081 | 4,658 | 8,739 | ||
| NET BOOKVALUE | |||||
| At 28 December 2020 | 2,000,000 | 842 | 2,001,528 | ||
| At 28December 2019 | 2,000,000 | 857 | 1,052 | 2,001,909 |
| BEISTRANA SCHOOL OFLONDON LIMITED | BEISTRANA SCHOOL OFLONDON LIMITED | ||
|---|---|---|---|
| NOTES TO THE FINANCIAL STATEMENTS -continued | |||
| FOR | THE YEAR ENDED 28DECEMBER 2020 | ||
| 14. | INVESTMENT PROPERTY | ||
| FAIRVALUE | |||
| At 29December 2019 | 2,320,000 | ||
| Revaluation | 15,000 | ||
| At 28 December 2020 | 2,335,000 | ||
| NET BOOKVALUE | |||
| At28December 2020 | 2,335,000 | ||
| At 28 December 2019 | 2,320,000 | ||
| 15. | DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 2020 | 2019 | ||
| Trade debtors | 107,900 | 68,222 | |
| Rental income control | 408,985 | 276,003 | |
| Other debtors | 1,723 | ||
| 518,608 | 344.225 | ||
| 16. | CREDITORSi AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 2020 | 2019 | ||
| Trade creditors | 59,701 | 48,078 | |
| Accrued expenses | 8,401 | ||
| 68,102 | 48,078 | ||
| 17. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||
| 2020 | 2019 | ||
| Bank loans (seenote 18) | 875,152 | 937,577 | |
| 18. | LOANS | ||
| An analysis ofthe maturity ofloans is given below: | |||
| 2020 | 2019 | ||
| f. | I, | ||
| Amounts Silling due between two aud five years: |
|||
| Bank loans - 2-5 years | 875,152 | 937,577 |
| MOVEMEN | T IN FUNDS | |||||
|---|---|---|---|---|---|---|
| Net | ||||||
| At | movement | At | ||||
| 29.12.19 f |
in funds f |
28.12.20 f |
||||
| Unrestricted | funds | |||||
| General fund | 319,065 | 226,509 | 545,574 | |||
| Reshicted funds | ||||||
| Buildings | 3,382,025 | 15,000 | 3,397,025 | |||
| TOTAL FUNDS | 3,701,090 | 241.509 | 3.942,599 | |||
| Net movement | in funds, iucluded in the above are as follows: | |||||
| Incoming | Resources | Gains and | Movement | |||
| resources f |
expended f |
losses | in funds | |||
| Unrestricted | funds | |||||
| General fund | 1,029,820 | (803,311) | 226,509 | |||
| Restricted funds | ||||||
| Buildings LSA |
97,555 | (97,555) | 15,000 | 15,000 | ||
| 97,555 | (97,555) | 15,000 | 15,000 | |||
| 1,127,375 | (900,866) | 15,000 | 241,509 | |||
| Comparatives | for movement | in funds | ||||
| Net | ||||||
| At | movement | At | ||||
| 29.12.18 | in fimds | 28.12.19 | ||||
| f. | ||||||
| Unrestricted | funds | |||||
| General fund | 109,043 | 209,624 | 318,667 | |||
| Restricted funds | ||||||
| Buildings | 3.326,860 | 55,563 | 3,382,423 | |||
| TOTAL FUNDS | 3,435,903 | 265,187 | 3,701,090 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended f |
in funds f |
||
| Unrestricted | funds | |||
| General fund | 1,132,842 | (923,218) | 209,624 | |
| Restricted funds | ||||
| Buildings LSA |
75,088 | 55,563 (75,088) |
55,563 | |
| 75088 | (19525) | 55,563 | ||
| TOTAL FUNDS | 1,207,930 | (942,743) | 265,187 | |
| A current year | 12months | and prior year 12months combined position is as follows: | ||
| Net | ||||
| At | movement | At | ||
| 29.12.18 | in funds f |
28.12.20 | ||
| Unrestricted | funds | |||
| General fund | 109,043 | 436,133 | 545,176 | |
| Restricted funds | ||||
| Buildings | 3,326,860 | 70,563 | 3,397,423 | |
| TOTAL FUNDS | 3,435,903 | 506,696 | 3,942,599 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses f |
in funds | ||
| Unrestricted | funds | ||||
| General fimd | 2„162,662 | (1,726,529) | 436,133 | ||
| Restricted funds | |||||
| Buildings | 55,563 | 15.000 | 70,563 | ||
| LSA | 172,643 | (172,643) | |||
| 172,643 | (117,080) | 15,000 | 70,563 | ||
| TOTAI FUNDS | 2,335,305 | (1,843,609) | 15,000 | 506,696 |
| FORTHE YEAR | E | NDED 28DECEMBER2020 |
||
|---|---|---|---|---|
| 2020 | 2019 | |||
| INCOME AND ENDOWMENTS | ||||
| Donations and legacies | ||||
| Gills and donations Grants LSAReceived |
99,115 37,826 97,555 |
186,361 22,805 75,088 |
||
| 234,496 | 284,254 | |||
| Investment income |
||||
| Rents received | 254,274 | 361,631 | ||
| Charitable activities |
||||
| Child care | 465,979 | 401,746 | ||
| NEF / Early Years furuhug | 172,626 | 160,299 | ||
| 638,605 | 562,045 | |||
| Total incomlag resources | 1,127,375 | 1,207,930 | ||
| Raising donations | and legacies | |||
| Fundraising | 190 | 767 | ||
| Charitable activities |
||||
| Wages | 573,691 | 530,064 | ||
| Rent, rates and water | 8,997 | 17,774 | ||
| Insurance | 7,869 | 6,552 | ||
| Light snd heat | 13,775 | 6,268 | ||
| Telephone | 4,709 | 5,201 | ||
| Oflice Supplies, Postage and Stationery | 28,714 | 23,654 | ||
| Advertising | 906 | 688 | ||
| Sundries | 1,062 | 7,338 | ||
| Building maintenance | 39,837 | 30,015 | ||
| Computer snd internet | costs | 8,374 | 7,747 | |
| Food and re&eshments | 17,261 | 15,766 | ||
| Furniture replacement |
2,559 | 6,788 | ||
| Photocopier | 10,923 | 10,601 | ||
| Books | 4,863 | 3,810 | ||
| Paper goods aud cleaning | 4,841 | 4,936 | ||
| Outings | 5,579 | 20,790 | ||
| Security | 38,692 | 27,736 | ||
| Motor expenses and | travel | 2,207 | 3,330 | |
| Waste removal | 1,907 | 519 | ||
| Stafftraining | 3,093 | 1,914 | ||
| Shows | 1,751 | 624 | ||
| LSA | 24,792 | 23,508 | ||
| Csnied forward | 806,402 | 755,623 |
| FORTHE YEAREN | DED 28DECEMBER2020 | ||
|---|---|---|---|
| 2020f | 2019 f. |
||
| Charitable activities |
|||
| Brought forward | 806,402 | 755,623 | |
| Toys | 50 | 245 | |
| Examination board fees |
3,601 | 6,084 | |
| Grants to institutions | 687 | 2,331 | |
| 810,740 | 764,283 | ||
| Support costs | |||
| Finance | |||
| Bank charges | 103 | 99 | |
| Other | |||
| Repairs dr maintenance | 9,106 | 16,165 | |
| Light dt heat | 11,944 | 9,850 | |
| Pmperty management | costs | 1,790 | |
| Cleaning | 1,029 | 2,165 | |
| Landlord dt property insurance | 4,198 | 3,815 | |
| Sundry expenses | 576 | ||
| Lcgtd fees | 355 | ||
| Council tax | 46 | ||
| Mortgage Inanest | 31,990 | 94,367 | |
| Fixtures and fittings | 171 | 214 | |
| Motor vehicles | 210 | 263 | |
| 59,579 | 128,675 | ||
| Governance costs |
|||
| Trustees' salaries | 9,949 | 6,762 | |
| Accountancy fees |
8,400 | 5,400 | |
| Legal fees | 6,676 | 9,915 | |
| Pmfessional fees |
5,229 | 26,842 | |
| 30,254 | 48,919 | ||
| Total resources expended | 900,866 | 942,743 | |
| Net income | 226,509 | 265,187 |