|||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|
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|||||||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|
##
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|||||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|
##
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||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)|
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|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.||||
##
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##
||||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|