REGISTERED COMPANY NUMBER: 06962088 (England and Wales) REGISTERED CHARITY NUMBER: 1135122
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 DECEMBER 2021
FOR
BEIS TRANA SCHOOL OF LONDON LIMITED
Higgisons Chartered Accountants Higgison House 381-383 City Road London EC1V 1NW
BEIS TRANA SCHOOL OF LONDON LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 DECEMBER 2021
| Page | |
|---|---|
| Report of the Trustees | 1 to 3 |
| Report of the Independent Auditors | 4 to 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 to 8 |
| Cash Flow Statement | 9 |
| Notes to the Cash Flow Statement | 10 |
| Notes to the Financial Statements | 11 to 19 |
| Detailed Statement of Financial Activities | 20 to 21 |
BEIS TRANA SCHOOL OF LONDON LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 DECEMBER 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 28 December 2021. 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 charity's objects are set out in its governing document and are the advancement of education and training throughout the world, and such other charitable purposes as the trustees may from time to time authorise.
Significant activities
The main activity of the charity is the operation of Beis Trana School of London.
Over the course of the year, the School continued to provide independent education for Orthodox Jewish girls in North London. With 278 pupils, the School plays an important role in local education provision.
The school is regulated by Ofsted, and reports for the school are available on Ofsted's website. The school is also regulated by the local authority through which it receives Early Years payments for children in the Early Years department.
Public benefit
The trustees are aware of the requirement of the charity to meet its charitable objects in a way that provides a public benefit and are confident that the charity meets this requirement.
FINANCIAL REVIEW
Principal funding sources
The school generates its income from donations, voluntary contributions from the community and the parent body and childcare fees.
Reserves policy
The trustees wish to achieve a position where the charity on an annual basis is able to generate enough income to at least cover expenditure. The trustees wish to achieve a position where there is a small reserve to cover contingencies, but acknowledges that it will be some time before this is achieved. The trustees are confident that in the event of urgent unforeseen costs arising it is likely to be able to draw on charitable support from within the community.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity, which runs the Beis Trana School of London, is a charitable company limited by guarantee as defined by the Companies Act 2006 and is governed by its Memorandum and Articles of Association. There are three trustees who are responsible for governance, who also are involved in various operational aspects of the charity.
Recruitment and appointment of new trustees
The trustees may in time choose to elect new trustees as set out in the Articles of Association. The trustees are responsible for appointing the Head teachers who run the School, who in turn appoint frontline teaching staff and also contribute to long term planning and strategy of the charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
06962088 (England and Wales)
Registered Charity number
1135122
Page 1
BEIS TRANA SCHOOL OF LONDON LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 DECEMBER 2021
Registered office
186 Upper Clapton Road London E5 9DH
Trustees
J Koenig D Berger Director Y M Ciment Trustee
Company Secretary
J Koenig
Auditors
Ian Shillinglaw ICAEW Higgisons Chartered Accountants Higgison House 381-383 City Road London EC1V 1NW
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Beis Trana School of London Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
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there is no relevant audit information of which the charitable company's auditors are unaware; and
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the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
AUDITORS
The auditors, Higgisons Chartered Accountants, will be proposed for re-appointment at the forthcoming Annual General Meeting.
Approved by order of the board of trustees on .............................................. and signed on its behalf by:
Page 2
BEIS TRANA SCHOOL OF LONDON LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 DECEMBER 2021
........................................................................ J Koenig - Trustee
Page 3
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF BEIS TRANA SCHOOL OF LONDON LIMITED
Opinion
We have audited the financial statements of Beis Trana School of London Limited (the 'charitable company') for the year ended 28 December 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
-
In our opinion the financial statements:
-
give a true and fair view of the state of the charitable company's affairs as at 28 December 2021 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 24 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
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the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
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the charitable company has not kept adequate accounting records; or
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the financial statements are not in agreement with the accounting records and returns; or
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we have not received all the information and explanations we require for our audit.
Page 4
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF BEIS TRANA SCHOOL OF LONDON LIMITED
Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Our responsibilities for the audit of the financial statements
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
"Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
Use of our report
This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Higgisons Chartered Accountants Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 Higgison House 381-383 City Road London EC1V 1NW
Date: .............................................
Page 5
BEIS TRANA SCHOOL OF LONDON LIMITED
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28 DECEMBER 2021
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Charitable activities Educational activities Other trading activities 3 Investmentincome 4 Total EXPENDITURE ON Raising funds 6 Charitable activities 7 Donations Educational activities Total NET INCOME Other recognised gains/(losses) Gains on revaluation of fixed assets Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted Restricted fund £ funds £ 359,546 110,808 762,751 - 2,700 - 228,074 - 1,353,071 110,808 22,466 - 3,334 - 1,318,757 38,750 1,344,557 38,750 8,514 72,058 - - 8,514 72,058 545,574 3,397,025 554,088 3,469,083 |
2021 Total 2020 Total funds £ funds £ 470,354 234,496 762,751 638,605 2,700 - 228,074 254,274 1,463,879 1,127,375 22,466 190 3,334 - 1,357,507 900,676 1,383,307 900,866 80,572 226,509 - 15,000 80,572 241,509 3,942,599 3,701,090 4,023,171 3,942,599 |
|---|---|---|
The notes form part of these financial statements
Page 6
BEIS TRANA SCHOOL OF LONDON LIMITED
BALANCE SHEET 28 DECEMBER 2021
| FIXED ASSETS Notes Tangible assets 14 Investment property 15 CURRENT ASSETS Debtors 16 Cash at bank CREDITORS Amounts falling due within one year 17 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 18 NET ASSETS FUNDS Unrestricted funds 22 Restricted funds TOTAL FUNDS |
Unrestricted fund £ 24,263 - 24,263 153,223 13,050 166,273 376,738 543,011 567,274 (13,186) 554,088 |
Restricted funds £ 2,000,000 2,335,000 4,335,000 - - - (526,708) (526,708) 3,808,292 (339,209) 3,469,083 |
2021 Total funds £ 2,024,263 2,335,000 4,359,263 153,223 13,050 166,273 (149,970) 16,303 4,375,566 (352,395) 4,023,171 554,088 3,469,083 4,023,171 |
2020 Total funds £ 2,001,528 2,335,000 4,336,528 518,608 30,717 549,325 (68,102) 481,223 4,817,751 (875,152) 3,942,599 545,574 3,397,025 3,942,599 |
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 December 2021.
The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011.
The notes form part of these financial statements
continued...
Page 7
BEIS TRANA SCHOOL OF LONDON LIMITED
BALANCE SHEET - continued 28 DECEMBER 2021
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on . ............................................. and were signed on its behalf by:
............................................. J Koenig - Trustee
............................................. Y M Ciment - Trustee
The notes form part of these financial statements
Page 8
BEIS TRANA SCHOOL OF LONDON LIMITED
CASH FLOW STATEMENT FOR THE YEAR ENDED 28 DECEMBER 2021
| Notes Cash flows from operating activities Cash generated from operations 1 Interest paid Interest element of hire purchase payments paid Net cash provided by operating activities Cash flows from investing activities Purchase of tangible fixed assets Net cash (used in)/provided by investing activities Cash flows from financing activities Loan repayments in year Capital repayments in year Net cash (used in)/provided by financing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reportingperiod 2 Cash and cash equivalents at the end of the reporting period 2 |
2021 £ 475,387 (22,466) (768) 452,153 (28,800) (28,800) (518,835) 13,186 (505,649) (82,296) 30,717 (51,579) |
2020 £ 10,106 - - |
|---|---|---|
| 10,106 | ||
| - | ||
| - | ||
| - - |
||
| - | ||
| 10,106 20,611 |
||
| 30,717 |
The notes form part of these financial statements
Page 9
BEIS TRANA SCHOOL OF LONDON LIMITED
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 28 DECEMBER 2021
| 1. | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM | OPERATING ACTIVITIES | OPERATING ACTIVITIES |
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Net income for the reporting period (as per the Statement of Financial | |||
| Activities) | 80,572 | 226,509 | |
| Adjustments for: | |||
| Depreciation charges | 6,065 | 381 | |
| Interest paid | 22,466 | - | |
| Interest element of hire purchase and finance lease rental payments | 768 | - | |
| - | (62,425) | ||
| Decrease/(increase) in debtors | 373,277 | (174,383) | |
| (Decrease)/increase in creditors | (7,761) | 20,024 | |
| Net cash provided by operations | 475,387 | 10,106 | |
| 2. | ANALYSIS OF CASH AND CASH EQUIVALENTS | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Notice deposits (less than 3 months) | 13,050 | 30,717 | |
| Overdrafts included in bank loans and overdrafts falling due within one year | (64,629) | - | |
| Total cash and cash equivalents | (51,579) | 30,717 | |
| 3. | ANALYSIS OF CHANGES IN NET DEBT |
| At 29.12.20 | Cash flow | At 28.12.21 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank | 30,717 | (17,667) | 13,050 |
| Bank overdraft | - | (64,629) | (64,629) |
| 30,717 | (82,296) | (51,579) | |
| Debt | |||
| Finance leases | - | (13,186) | (13,186) |
| Debts falling due within 1 year | - | (25,000) | (25,000) |
| Debts falling due after 1 year | (875,152) | 535,943 | (339,209) |
| (875,152) | 497,757 | (377,395) | |
| Total | (844,435) | 415,461 | (428,974) |
The notes form part of these financial statements
Page 10
BEIS TRANA SCHOOL OF LONDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 DECEMBER 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.
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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance Motor vehicles - 20% on reducing balance
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
Taxation
The charity is exempt from corporation 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.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
continued...
Page 11
BEIS TRANA SCHOOL OF LONDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 DECEMBER 2021
| 2. DONATIONS AND LEGACIES Gifts and donations Grants LSA Received Grants received, included in the above, are as follows: Grants received 3. OTHER TRADING ACTIVITIES Venue Hire 4. INVESTMENT INCOME Rents received 5. INCOME FROM CHARITABLE ACTIVITIES Activity Child care Educational activities NEF / Early Years funding Educational activities 6. RAISING FUNDS Raising donations and legacies Fundraising |
|
|---|---|
continued...
Page 12
BEIS TRANA SCHOOL OF LONDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 DECEMBER 2021
6. RAISING FUNDS - continued
| Investment management costs Interest payable and similar charges Aggregate amounts 7. CHARITABLE ACTIVITIES COSTS Direct Donations Costs £ 3,334 Educational activities 1,211,480 1,214,814 8. GRANTS PAYABLE Educational activities The total grants paid to institutions during the year was as follows: Donations made 9. SUPPORT COSTS Information Finance technology £ £ Educational activities 309 312 10. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets |
2021 £ 22,466 22,466 Grant funding of activities Support (see note costs (see 8) £ - note 9) £ - 924 145,103 924 145,103 2021 £ 924 2021 £ - Governance Other costs £ £ 86,545 57,937 2021 £ 6,065 |
2020 £ - 190 Totals £ 3,334 1,357,507 1,360,841 2020 £ 687 2020 £ 687 Totals £ 145,103 2020 £ 381 |
|
|---|---|---|---|
Depreciation - owned assets
continued...
Page 13
BEIS TRANA SCHOOL OF LONDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 DECEMBER 2021
11. TRUSTEES' REMUNERATION AND BENEFITS
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Trustees' salaries | 7,373 | 9,949 |
Trustees' expenses
There were no trustees' expenses paid for the year ended 28 December 2021 nor for the year ended 28 December 2020.
12. STAFF COSTS
| Wages and salaries The average monthly number of employees during the year was as follows: Staff Trustees No employees received emoluments in excess of £60,000. 13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 136,941 Charitable activities Educational activities 638,605 Investment income 254,274 Total 1,029,820 EXPENDITURE ON Raising funds 190 Charitable activities Educational activities 803,121 Total 803,311 NET INCOME 226,509 Other recognised gains/(losses) |
2021 £ 753,992 753,992 2021 91 1 92 Restricted funds £ 97,555 - - 97,555 - 97,555 97,555 - |
2020 £ 583,640 583,640 2020 91 1 92 Total funds £ 234,496 638,605 254,274 |
||||
|---|---|---|---|---|---|---|
| 1,127,375 | ||||||
| 190 900,676 |
||||||
| 900,866 | ||||||
| 226,509 |
continued...
Page 14
BEIS TRANA SCHOOL OF LONDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 DECEMBER 2021
| 13. COMPARATIVES FOR THE STATEMENT Gains on revaluation of fixed assets Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 14. TANGIBLE FIXED ASSETS COST At 29 December 2020 Additions At 28 December 2021 DEPRECIATION At 29 December 2020 Charge for year At 28 December 2021 NET BOOK VALUE At 28 December 2021 At 28 December 2020 15. INVESTMENT PROPERTY FAIR VALUE At 29 December 2020 and 28 December 2021 NET BOOK VALUE At 28 December 2021 At 28 December 2020 |
OF FINANCIAL ACTIVITIES Unrestricted fund £ - 226,509 319,065 545,574 Freehold Plant and property £ machinery £ 2,000,000 4,767 - - 2,000,000 4,767 - 4,081 - 137 - 4,218 2,000,000 549 2,000,000 686 |
OF FINANCIAL ACTIVITIES Unrestricted fund £ - 226,509 319,065 545,574 Freehold Plant and property £ machinery £ 2,000,000 4,767 - - 2,000,000 4,767 - 4,081 - 137 - 4,218 2,000,000 549 2,000,000 686 |
OF FINANCIAL ACTIVITIES Unrestricted fund £ - 226,509 319,065 545,574 Freehold Plant and property £ machinery £ 2,000,000 4,767 - - 2,000,000 4,767 - 4,081 - 137 - 4,218 2,000,000 549 2,000,000 686 |
- continued Restricted funds £ 15,000 15,000 3,382,025 3,397,025 Motor vehicles £ 5,500 28,800 |
Total funds £ 15,000 |
|
|---|---|---|---|---|---|---|
| 241,509 3,701,090 |
||||||
| 3,942,599 | ||||||
| Totals £ 2,010,267 28,800 |
||||||
| 4,767 | 34,300 | 2,039,067 | ||||
| 4,081 137 |
4,658 5,928 |
8,739 6,065 |
||||
| 4,218 | 10,586 | 14,804 | ||||
| 549 | 23,714 | 2,024,263 | ||||
| 686 | 842 | 2,001,528 | ||||
| £ 2,335,000 |
||||||
| 2,335,000 | ||||||
| 2,335,000 |
Page 15
continued...
BEIS TRANA SCHOOL OF LONDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 DECEMBER 2021
| 16. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| £ | £ | |||
| Trade debtors | 144,596 | 107,900 | ||
| Rental income control | - | 408,985 | ||
| Other debtors | 8,627 | 1,723 | ||
| 153,223 | 518,608 | |||
| 17. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2021 | 2020 | |||
| £ | £ | |||
| Bank loans and overdrafts (see note 19) | 64,629 | - | ||
| Other loans (see note 19) | 25,000 | - | ||
| Trade creditors | 60,341 | 59,701 | ||
| Accrued expenses | - | 8,401 | ||
| 149,970 | 68,102 | |||
| 18. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | |||
| 2021 | 2020 | |||
| £ | £ | |||
| Bank loans (see note 19) | 339,209 | 875,152 | ||
| Hire purchase (see note 20) | 13,186 | - | ||
| 352,395 | 875,152 | |||
| 19. | LOANS | |||
| An analysis of the maturity of loans is given below: | ||||
| 2021 | 2020 | |||
| £ | £ | |||
| Amounts falling due within one year on demand: | ||||
| Bank overdrafts | 64,629 | - | ||
| Other loans | 25,000 | - | ||
| 89,629 | - | |||
| Amounts falling due between two and five years: | ||||
| Bank loans - 2-5 years | 339,209 | 875,152 |
Page 16
continued...
BEIS TRANA SCHOOL OF LONDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 DECEMBER 2021
20. LEASING AGREEMENTS
Minimum lease payments under hire purchase fall due as follows:
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Net obligations repayable: | |||
| Between one and five years | 13,186 | - |
21. SECURED DEBTS
The loan is secured by way of a legal charge over the investment property.
22. MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds Buildings LSA TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds LSA TOTAL FUNDS |
At 29.12.20 £ 545,574 3,397,025 - 3,397,025 3,942,599 Incoming resources £ 1,353,071 110,808 1,463,879 |
Net movement in funds £ 8,514 - 72,058 72,058 80,572 Resources expended £ (1,344,557) (38,750) (1,383,307) |
At 28.12.21 £ 554,088 3,397,025 72,058 3,469,083 4,023,171 Movement in funds £ 8,514 72,058 80,572 |
|---|---|---|---|
continued...
Page 17
BEIS TRANA SCHOOL OF LONDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 DECEMBER 2021
22. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Restricted funds Buildings TOTAL FUNDS |
At Net movement At 29.12.19 £ in funds £ 28.12.20 £ 319,065 226,509 545,574 3,382,025 15,000 3,397,025 3,701,090 241,509 3,942,599 |
|---|---|
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Buildings LSA TOTAL FUNDS |
Incoming resources £ 1,029,820 - 97,555 97,555 1,127,375 |
Resources expended £ (803,311) - (97,555) (97,555) (900,866) |
Gains and losses £ - 15,000 - 15,000 15,000 |
Movement in funds £ 226,509 15,000 - 15,000 241,509 |
|---|---|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Buildings LSA TOTAL FUNDS |
Net At movement At 29.12.19 £ in funds £ 28.12.21 £ 319,065 235,023 554,088 3,382,025 15,000 3,397,025 - 72,058 72,058 3,382,025 87,058 3,469,083 3,701,090 322,081 4,023,171 |
|---|---|
continued...
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BEIS TRANA SCHOOL OF LONDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 DECEMBER 2021
22. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Buildings LSA TOTAL FUNDS |
Incoming resources £ 2,382,891 - 208,363 208,363 2,591,254 |
Resources expended £ (2,147,868) - (136,305) (136,305) (2,284,173) |
Gains and losses £ - 15,000 - 15,000 15,000 |
Movement in funds £ 235,023 15,000 72,058 87,058 322,081 |
|---|---|---|---|---|
23. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 28 December 2021.
24. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES
In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
Page 19
BEIS TRANA SCHOOL OF LONDON LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28 DECEMBER 2021
| INCOME AND ENDOWMENTS Donations and legacies Gifts and donations Grants LSA Received Other trading activities Venue Hire Investment income Rents received Charitable activities Child care NEF / Early Years funding Total incoming resources EXPENDITURE Raising donations and legacies Fundraising Investment management costs Interest payable Charitable activities Wages Rent, rates and water Insurance Light and heat Telephone Office Supplies, Postage and Stationery Advertising Sundries Building maintenance Computer and internet costs Food and refreshments Furniture replacement Photocopier Books Paper goods and cleaning Outings Carried forward |
2021 £ 294,533 65,012 110,809 470,354 2,700 228,074 569,295 193,456 762,751 1,463,879 - 22,466 746,619 42,588 7,564 7,158 4,949 27,853 888 - 67,724 11,753 64,703 13,036 13,483 17,518 38,636 1,720 1,066,192 |
2020 £ 99,115 37,826 97,555 234,496 - 254,274 465,979 172,626 638,605 1,127,375 190 - 573,691 8,997 7,869 13,775 4,709 28,714 906 1,062 39,837 8,374 17,261 2,559 10,923 4,863 4,841 5,579 733,960 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 20
BEIS TRANA SCHOOL OF LONDON LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28 DECEMBER 2021
| Charitable activities Brought forward Security Motor expenses and travel Waste removal Hall hire Staff training Shows Sports activities LSA Toys Examination board fees Grants to institutions Support costs Finance Bank charges Information technology Repairs and renewals Other Repairs & maintenance Light & heat Cleaning Landlord & property insurance Sundry expenses Legal fees Mortgage Interest Fixtures and fittings Motor vehicles Hire purchase Governance costs Trustees' salaries Accountancy fees Legal fees Professional fees Total resources expended Net income |
2021 £ 1,066,192 45,645 7,463 1,471 2,920 37,681 - 230 38,750 11,128 3,334 924 1,215,738 309 312 23,123 10,106 1,244 - 1,386 130 43,723 137 5,928 768 86,545 7,373 6,600 5,377 38,587 57,937 1,383,307 80,572 |
2020 £ 733,960 38,692 2,207 1,907 - 3,093 1,751 - 24,792 50 3,601 687 810,740 103 - 9,106 11,944 1,029 4,198 576 355 31,990 171 210 - 59,579 9,949 8,400 6,676 5,229 30,254 900,866 226,509 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 21