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2021-08-31-accounts

DocuSign Envelope ID: 9EE5E20C-0625-4744-BD73-1BD27E29AE24

Registered number: 07655788 Charity number: 1144809

THE BATIC PARTNERSHIP TRUST

(A company limited by guarantee)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2021

DocuSign Envelope ID: 9EE5E20C-0625-4744-BD73-1BD27E29AE24

THE BATIC PARTNERSHIP TRUST

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the company, its Trustees and advisers 1
Trustees' report 2 - 4
Independent examiner's report 5
Statement of financial activities 6
Balance sheet 7
Notes to the financial statements 8 - 17

DocuSign Envelope ID: 9EE5E20C-0625-4744-BD73-1BD27E29AE24

THE BATIC PARTNERSHIP TRUST (A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2021

Trustees Dominic Carver
Desi McKeown
John Archer
Sarah Warnes
Nic Maxwell
Glen Moore
Kirsteen Newell (resigned 1 September 2021)
Christine Redpath
Dave Walton, Chair
Emma Dawson
Diana Mason
Sam Proctor
Gemma Thurston
Liz Cornish
Joanne Parkes (appointed 21 September 2021)
Aaron Cross (appointed 16 September 2021)
Company registered
number
07655788
Charity registered
number
1144809
Registered office
South Benfleet Primary School
High Road
Benfleet
Essex
SS7 5HA
Accountants
MWS
Kingsridge House
601 London Road
Westcliff-on-Sea
Essex
SS0 9PE
Bankers
TSB Bank PLC
High Road
Benfleet
Essex

Page 1

DocuSign Envelope ID: 9EE5E20C-0625-4744-BD73-1BD27E29AE24

THE BATIC PARTNERSHIP TRUST (A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2021

The Trustees present their annual report together with the financial statements of the company for the 1 September 2020 to 31 August 2021. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Objectives and activities

a. Policies and objectives

The objects of the company are to advance the education of pupils at any relevant school for the benefit of the public through the provision of educational facilities generally and without limitation in particular for the effective and efficient provision of education which is exclusively charitable according to English law.

The clear objective of the BATIC Trust remains based around the vision of working together to create a strong community through the vehicle of its member schools. The Trust continues to seek out additional opportunities which enhance school and community life across the Benfleet area through actively seeking funding where possible, maximising partnership and shared working practice and responding to local needs.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b. Main activities undertaken to further the company's purposes for the public benefit and to achieve objectives

The BATIC Trust continues to support the member schools through co-ordinating and providing services which are not necessarily covered through the statutory role of schools. Examples of how the Trust works to achieve its objectives include: Headteacher focused discussions around common challenges in schools and the community which the Trust can attempt to help to rectify.

This year a continued main function of the Trust has been to co-ordinate a local counselling service for families through schools, including intervention projects and small group work.

The Trust also plays a major role in supporting the health and well-being of staff in schools through a physical activity plan and utilising funding to provide support.

In addition, the Trust continues to co-ordinate and deliver area based agreed events such as a fundraising Talent Show, a District Sports and a Young Citizens Event.

Fundraising has been a challenge over the last two years due to limitations on events throughout the pandemic but these activities are now beginning to return.

The Trustees have complied with the duty in section 17(5) of 2011 Charities Act to have due regard to guidance published by the Charity Commission (i.e. the public benefit statement).

Strategic report

Achievements and performance

Page 2

DocuSign Envelope ID: 9EE5E20C-0625-4744-BD73-1BD27E29AE24

THE BATIC PARTNERSHIP TRUST (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

Strategic report (continued)

Achievements and performance (continued)

a. Review of activities and main achievements

The main achievments of the Batic Trust over the last 12 months include:

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

Finances are reviewed and monitored through a finance sub committee, linked to the Trust Management Board. Reserves are decreasing over time and the Trust is dependant currently on generating income to support its activities from either grant funding, fundraising or contributions from members. The Trust continues to be successful in grant applications but , it should be noted, due to the pandemic, the opportunity to raise funds through 'fundraising events' have not been there. This is likely to be the case for a longer period..

At the year end the funds of the charitable company totalled £47,738 (2020: £38,065), of which £24,763 (2020: £6,996) related to restricted funds, and £22,975 (2020: £31,069) to unrestricted funds.

Structure, governance and management

a. Constitution

The Batic Partnership Trust is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 12/05/2011. It is a registered charity, number 1144809.

b. Methods of appointment or election of Trustees

The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.

The governance of the Trust rests with a Board of Directors. Each member school is represented on the Board with one Director. These are either the Headteacher of the school or the Chair of Governors. New Directors are recruited on need directly through individual schools and appointed by the Trust administrative secretary.

Page 3

DocuSign Envelope ID: 9EE5E20C-0625-4744-BD73-1BD27E29AE24

THE BATIC PARTNERSHIP TRUST (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

Funds held as custodian

The company does not hold, and does not expect to hold, any funds as custodian.

Members' liability

The Members of the company guarantee to contribute an amount not exceeding £1 to the assets of the company in the event of winding up.

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the company for the purposes of company law) are responsible for preparing the Trustees' report including the Strategic report 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 . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees on 25 May 2022 and signed on their behalf by:

Dave Walton Chair

Page 4

DocuSign Envelope ID: 9EE5E20C-0625-4744-BD73-1BD27E29AE24

THE BATIC PARTNERSHIP TRUST (A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2021

Independent examiner's report to the Trustees of The Batic Partnership Trust ('the company')

I report to the charity Trustees on my examination of the accounts of the company for the year ended 31 August 2021.

Responsibilities and basis of report

As the Trustees of the company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

This report is made solely to the company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report.

Signed: Dated: 25 May 2022 Jonathan Gorridge FCA MWS Chartered Accountants ICAEW

Kingsridge House 601 London Road Westcliff-on-Sea Essex SS0 9PE

Page 5

DocuSign Envelope ID: 9EE5E20C-0625-4744-BD73-1BD27E29AE24

THE BATIC PARTNERSHIP TRUST

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2021

Note
Income from:
Donations and legacies
3
Total income
Expenditure on:
Charitable activities
5
Total expenditure
Net (expenditure)/income
Transfers between funds
12
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2021
£
-
-
7,829
7,829
(7,829)
(265)
(8,094)
31,069
(8,094)
22,975		 Restricted
funds
2021
£
49,930
49,930
32,428
32,428
17,502
265
17,767
6,996
17,767
24,763		 Total
funds
2021
£
49,930
49,930
40,257
40,257
9,673
-
9,673
38,065
9,673
47,738		 Total
funds
2020
£
44,225
44,225
45,605
45,605
(1,380)
-
(1,380)
39,445
(1,380)
38,065

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 8 to 17 form part of these financial statements.

Page 6

DocuSign Envelope ID: 9EE5E20C-0625-4744-BD73-1BD27E29AE24

THE BATIC PARTNERSHIP TRUST (A company limited by guarantee) REGISTERED NUMBER: 07655788

BALANCE SHEET AS AT 31 AUGUST 2021

Note
Current assets
Debtors
10
Cash at bank and in hand
Creditors: amounts falling due within one
year
11
Net current assets
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
12
Unrestricted funds
12
Total funds		 -
48,438
48,438
(700)		 2021
£
47,738
47,738
47,738
47,738
24,763
22,975
47,738		 5,630
33,435
39,065
(1,000)		 2020
£
38,065
38,065
38,065
38,065
6,996
31,069
38,065

The company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on 25 May 2022 and signed on their behalf by:

Dave Walton

Chair

The notes on pages 8 to 17 form part of these financial statements.

Page 7

DocuSign Envelope ID: 9EE5E20C-0625-4744-BD73-1BD27E29AE24

THE BATIC PARTNERSHIP TRUST (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

1. General information

The Batic Partnership Trust is a company limited by guarantee and registered in England.

Its registered office is South Benfleet Primary School, High Road, Benfleet, Essex, SS7 5HA.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements 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 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Batic Partnership Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

There are no material uncertainties about the charity's ability to continue.

2.3 Income

All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Page 8

DocuSign Envelope ID: 9EE5E20C-0625-4744-BD73-1BD27E29AE24

THE BATIC PARTNERSHIP TRUST (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

2. Accounting policies (continued)

2.4 Expenditure (continued)

Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs.

Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements.

All expenditure is inclusive of irrecoverable VAT.

2.5 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.6 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.7 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.8 Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.9 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

Page 9

DocuSign Envelope ID: 9EE5E20C-0625-4744-BD73-1BD27E29AE24

THE BATIC PARTNERSHIP TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

3. Income from donations and legacies

Unrestricted
funds
2021
£
Donations
-
Grants
-
Total 2021
-
Unrestricted
funds
2020
£
Donations
2,951
Grants
-
2,951
4.
Income from donations and grants (charitable activities)
Other income
Speech+ language
Counselling
EYRS football
Sport England
5.
Analysis of expenditure on charitable activities
Summary by fund type
Unrestricted
funds
2021
£
Charitable activities
7,829		 Restricted
funds
2021
£
29,450
20,480
49,930
Restricted
funds
2020
£
30,112
11,162
41,274
2021
£
7,886
-
23,141
1,500
-
32,527
Restricted
funds
2021
£
32,428		 Total
funds
2021
£
29,450
20,480
49,930
Total
funds
2020
£
33,063
11,162
44,225
2020
£
2,500
4,625
26,042
400
8,250
41,817
Total
funds
2021
£
40,257

Page 10

DocuSign Envelope ID: 9EE5E20C-0625-4744-BD73-1BD27E29AE24

THE BATIC PARTNERSHIP TRUST (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

5. Analysis of expenditure on charitable activities (continued)

Summary by fund type (continued)

Unrestricted Restricted Total
funds funds funds
2020 2020 2020
£ £ £
Charitable activities 15,119 30,486 45,605

6. Analysis of expenditure by activities

Charitable activities
Charitable activities
Analysis of direct costs
Grant expenditure		 Activities
undertaken
directly
2021
£
32,428
Activities
undertaken
directly
2020
£
31,206		 Support
costs
2021
£
7,829
Support
costs
2020
£
14,399
Activities
2021
£
32,428		 Total
funds
2021
£
40,257
Total
funds
2020
£
45,605
Total
funds
2021
£
32,428

Page 11

DocuSign Envelope ID: 9EE5E20C-0625-4744-BD73-1BD27E29AE24

THE BATIC PARTNERSHIP TRUST (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

6. Analysis of expenditure by activities (continued)

Analysis of direct costs (continued)

Grant expenditure
Training
Total 2020		 Activities
2020
£
30,486
720
31,206		 Total
funds
2020
£
30,486
720
31,206

Analysis of support costs

Staff costs
General expenditure
Administration costs
Governance costs - accountancy fees
Total 2021
Staff costs
General expenditure
Administration costs
Governance costs
Total 2020
Independent examiner's remuneration
Fees payable to the company's independent examiner for the independent
examination of the company's annual accounts		 Activities
2021
£
6,500
117
512
700
7,829
Activities
2020
£
12,726
60
1,113
500
14,399
2021
£
700		 Total
funds
2021
£
6,500
117
512
700
7,829
Total
funds
2020
£
12,726
60
1,113
500
14,399
2020
£
500

7. Independent examiner's remuneration

Page 12

DocuSign Envelope ID: 9EE5E20C-0625-4744-BD73-1BD27E29AE24

THE BATIC PARTNERSHIP TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

8. Staff costs

Wages and salaries 2021
£
6,500
6,500		 2020
£
12,726
12,726

The average number of persons employed by the company during the year was as follows:

2021 2020
No. No.
Seconded staff 2 2

No employee received remuneration amounting to more than £60,000 in either year.

There were no key personnel who received any remuneration during the year.

9. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2020 - £NIL) .

During the year ended 31 August 2021, no Trustee expenses have been incurred (2020 - £NIL) .

10. Debtors

Due within one year
Amounts recoverable on long-term contracts
11.
Creditors: Amounts falling due within one year
Accruals and deferred income		 2021
£
-
-
2021
£
700		 2020
£
5,630
5,630
2020
£
1,000

Income of £nil (2020: £nil) relating to income received in advanced of entitlement has been deferred.

Page 13

DocuSign Envelope ID: 9EE5E20C-0625-4744-BD73-1BD27E29AE24

THE BATIC PARTNERSHIP TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

12. Statement of funds

Statement of funds - current year

Unrestricted funds
General Fund
Sport England
Restricted funds
Counselling
Supporting vulnerable families
Public health funding
Mental health/wellbeing
Total of funds		 Balance at 1
September
2020
£
26,230
4,839
31,069
1,366
5,630
-
-
6,996
38,065		 Income
£
-
-
-
29,450
-
2,000
18,480
49,930
49,930		 Expenditure
£
(2,990)
(4,839)
(7,829)
(23,831)
-
-
(8,597)
(32,428)
(40,257)		 Transfers
in/out
£
(265)
-
(265)
265
-
-
-
265
-		 Balance at
31 August
2021
£
22,975
-
22,975
7,250
5,630
2,000
9,883
24,763
47,738

Unrestricted funds are donations and other income received for the general workings of the charity and do not have any restrictions upon them other than to spend them in accordance with the charity's objects.

Restricted funds are donations or grants made with a specific project or purpose in mind.

Page 14

DocuSign Envelope ID: 9EE5E20C-0625-4744-BD73-1BD27E29AE24

THE BATIC PARTNERSHIP TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

12. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
General Fund
Sport England
Restricted funds
Counselling
Family project
EYRS football
Sport England
Supporting vulnerable families
Total of funds		 Balance at
1 September
2019
£
33,243
5,102
38,345
-
-
1,100
-
-
1,100
39,445		 Income
£
2,951
-
2,951
30,112
5,292
240
-
5,630
41,274
44,225		 Expenditure
£
(15,119)
-
(15,119)
(29,221)
(602)
(400)
(263)
-
(30,486)
(45,605)		 Transfers
in/out
£
5,155
(263)
4,892
475
(4,690)
(940)
263
-
(4,892)
-		 Balance at
31 August
2020
£
26,230
4,839
31,069
1,366
-
-
-
5,630
6,996
38,065

13. Summary of funds

Summary of funds - current year


General funds
Restricted funds		 Balance at 1
September
2020
£
31,069
6,996
38,065		 Income
£
-
49,930
49,930		 Expenditure
£
(7,829)
(32,428)
(40,257)		 Transfers
in/out
£
(265)
265
-		 Balance at
31 August
2021
£
22,975
24,763
47,738

Page 15

DocuSign Envelope ID: 9EE5E20C-0625-4744-BD73-1BD27E29AE24

THE BATIC PARTNERSHIP TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

13. Summary of funds (continued)

Summary of funds - prior year

General funds
Restricted funds		 Balance at
1 September
2019
£
38,345
1,100
39,445		 Income
£
2,951
41,274
44,225		 Expenditure
£
(15,119)
(30,486)
(45,605)		 Transfers
in/out
£
4,892
(4,892)
-		 Balance at
31 August
2020
£
31,069
6,996
38,065

14. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2021
£
Current assets
23,675
Creditors due within one year
(700)
Total
22,975
Analysis of net assets between funds - prior year
Unrestricted
funds
2020
£
Current assets
32,069
Creditors due within one year
(1,000)
Total
31,069		 Restricted
funds
2021
£
24,763
-
24,763
Restricted
funds
2020
£
6,996
-
6,996		 Total
funds
2021
£
48,438
(700)
47,738
Total
funds
2020
£
39,065
(1,000)
38,065

15. Transfers between funds

The following transfers were made within the funds:

£265 was transferred from the unrestricted general fund to the restricted counselling fund to allocate costs against the appropriate fund.

Page 16

DocuSign Envelope ID: 9EE5E20C-0625-4744-BD73-1BD27E29AE24

THE BATIC PARTNERSHIP TRUST (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

16. Members' liability

Each member of the charitable company undertakes to contribute to the assets of the company in the event of it being wound up while he/she is a member, or within one year after he/she ceases to be a member, such amount as may be required, not exceeding £1 for the debts and liabilities contracted before he/she ceases to be a member.

17. Related party transactions

During the year the following arms length related party transactions took place where disclosure is required:

The Deanes School, of which Trustee Desi McKeown is a headteacher.

Expenditure £6,500 (2020: £13,326)

Includes the repayment of salary costs incurred by the Trust of £6,500 (2020: £12,726), other staff costs of £nil (2020: £600).

South Benfleet Primary School, of which Trustee Dominic Carver is Headteacher, Trustee, Member and Director.

Expenditure £572 (2020: £572).

Includes accountancy fees reimbursed of £1,000 (2020: £nil), admin salary costs of £512 (2020: £512), and other expenditure of £nil (2020: £60).

At the year end there were no amounts owing to or from any related parties.

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