DocuSign Envelope ID: 79CFFFF6-45B2-4DBA-8BAE-1E2BEA52DF04
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 2022
DocuSign Envelope ID: 79CFFFF6-45B2-4DBA-8BAE-1E2BEA52DF04
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: 79CFFFF6-45B2-4DBA-8BAE-1E2BEA52DF04
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 2022
| 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: 79CFFFF6-45B2-4DBA-8BAE-1E2BEA52DF04
THE BATIC PARTNERSHIP TRUST (A company limited by guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2022
The Trustees present their annual report together with the financial statements of the company for the 1 September 2021 to 31 August 2022. 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: 79CFFFF6-45B2-4DBA-8BAE-1E2BEA52DF04
THE BATIC PARTNERSHIP TRUST (A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022
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:
-
Retaining a structure to secure both in-school and remote counselling services through member schools and grant funding.
-
A continued focus on supporting families most in need as we move out of the pandemic.
-
A focus on supporting all staff in schools through staff well-being and activity funded programmes.
-
Planning and preparation for a return to face to face delivery and fund raising events.
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 £42,539 (2021: £47,738), of which £25,244 (2021: £24,763) related to restricted funds, and £17,295 (2021: £22,975) 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: 79CFFFF6-45B2-4DBA-8BAE-1E2BEA52DF04
THE BATIC PARTNERSHIP TRUST (A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022
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:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
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 18 May 2023 and signed on their behalf by:
Dave Walton Chair
Page 4
DocuSign Envelope ID: 79CFFFF6-45B2-4DBA-8BAE-1E2BEA52DF04
THE BATIC PARTNERSHIP TRUST (A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2022
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 2022.
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:
-
accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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: 18 May 2023 Jonathan Gorridge FCA MWS Chartered Accountants ICAEW
Kingsridge House 601 London Road Westcliff-on-Sea Essex SS0 9PE
Page 5
DocuSign Envelope ID: 79CFFFF6-45B2-4DBA-8BAE-1E2BEA52DF04
THE BATIC PARTNERSHIP TRUST
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2022
| Note Income from: Donations and legacies 3 Total income Expenditure on: Charitable activities 5 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2022 £ 2,000 2,000 7,797 7,797 (5,797) 22,975 (5,797) 17,178 |
Restricted funds 2022 £ 30,700 30,700 30,219 30,219 481 24,763 481 25,244 |
Total funds 2022 £ 32,700 32,700 38,016 38,016 (5,316) 47,738 (5,316) 42,422 |
Total funds 2021 £ 49,930 49,930 |
|---|---|---|---|---|
| 40,257 40,257 |
||||
| 9,673 | ||||
| 38,065 9,673 47,738 |
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: 79CFFFF6-45B2-4DBA-8BAE-1E2BEA52DF04
THE BATIC PARTNERSHIP TRUST (A company limited by guarantee) REGISTERED NUMBER: 07655788
BALANCE SHEET AS AT 31 AUGUST 2022
| Note Current assets Cash at bank and in hand Creditors: amounts falling due within one year 10 Net current assets Total assets less current liabilities Net assets excluding pension asset Total net assets Charity funds Restricted funds 11 Unrestricted funds 11 Total funds |
49,808 49,808 (7,386) |
2022 £ 42,422 42,422 42,422 42,422 25,244 17,178 42,422 |
48,438 48,438 (700) |
2021 £ 47,738 |
|---|---|---|---|---|
| 47,738 | ||||
| 47,738 | ||||
| 47,738 | ||||
| 24,763 22,975 |
||||
| 47,738 |
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 18 May 2023 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: 79CFFFF6-45B2-4DBA-8BAE-1E2BEA52DF04
THE BATIC PARTNERSHIP TRUST (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
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: 79CFFFF6-45B2-4DBA-8BAE-1E2BEA52DF04
THE BATIC PARTNERSHIP TRUST (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
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 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.
2.6 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.
2.7 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.
2.8 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: 79CFFFF6-45B2-4DBA-8BAE-1E2BEA52DF04
THE BATIC PARTNERSHIP TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
3. Income from donations and legacies
| Donations Grants Total 2022 Donations Grants 4. Income from donations and grants (charitable activities) Other income Speech+ language Counselling EYRS football Find your active 5. Analysis of expenditure on charitable activities Summary by fund type Charitable activities |
Unrestricted funds 2022 £ 2,000 - 2,000 Unrestricted funds 2022 £ 7,797 |
Restricted funds 2022 £ 24,000 6,700 30,700 Restricted funds 2021 £ 29,450 20,480 49,930 2022 £ 2,000 - 24,000 - 6,700 32,700 Restricted funds 2022 £ 30,219 |
Total funds 2022 £ 26,000 6,700 32,700 |
|---|---|---|---|
| Total funds 2021 £ 29,450 20,480 49,930 |
|||
| 2021 £ 7,886 - 23,141 1,500 - 32,527 |
|||
| Total 2022 £ 38,016 |
Page 10
DocuSign Envelope ID: 79CFFFF6-45B2-4DBA-8BAE-1E2BEA52DF04
THE BATIC PARTNERSHIP TRUST (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
5. Analysis of expenditure on charitable activities (continued)
Summary by fund type (continued)
| Unrestricted | Restricted | ||
|---|---|---|---|
| funds | funds | Total | |
| 2021 | 2021 | 2021 | |
| £ | £ | £ | |
| Charitable activities | 7,829 | 32,428 | 40,257 |
6. Analysis of expenditure by activities
| Charitable activities Charitable activities Analysis of direct costs Grant expenditure |
Activities undertaken directly 2022 £ 30,219 Activities undertaken directly 2021 £ 32,428 |
Support costs 2022 £ 7,797 Support costs 2021 £ 7,829 Activities 2022 £ 30,219 |
Total funds 2022 £ 38,016 |
|---|---|---|---|
| Total funds 2021 £ 40,257 |
|||
| Total funds 2022 £ 30,219 |
Page 11
DocuSign Envelope ID: 79CFFFF6-45B2-4DBA-8BAE-1E2BEA52DF04
THE BATIC PARTNERSHIP TRUST (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
6. Analysis of expenditure by activities (continued)
Analysis of direct costs (continued)
| Grant expenditure Analysis of support costs Staff costs General expenditure Administration costs Governance costs - accountancy fees Total 2022 Staff costs General expenditure Administration costs Governance costs Total 2021 7. Independent examiner's remuneration Fees payable to the company's independent examiner for the independent examination of the company's annual accounts |
Activities 2021 £ 32,428 Activities 2022 £ 6,500 99 428 770 7,797 Activities 2021 £ 6,500 117 512 700 7,829 2022 £ - |
Total funds 2021 £ 32,428 |
|---|---|---|
| Total funds 2022 £ 6,500 99 428 770 7,797 |
||
| Total funds 2021 £ 6,500 117 512 700 7,829 |
||
| 2021 £ 700 |
Page 12
DocuSign Envelope ID: 79CFFFF6-45B2-4DBA-8BAE-1E2BEA52DF04
THE BATIC PARTNERSHIP TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
8. Staff costs
| Wages and salaries | 2022 £ 6,500 6,500 |
2021 £ 6,500 |
|---|---|---|
| 6,500 |
The average number of persons employed by the company during the year was as follows:
| 2022 | 2021 | |
|---|---|---|
| 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 (2021 - £NIL) .
During the year ended 31 August 2022, no Trustee expenses have been incurred (2021 - £NIL) .
10. Creditors: Amounts falling due within one year
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Accruals and deferred income | 7,386 | 700 |
Income of £nil (2020: £nil) relating to income received in advanced of entitlement has been deferred.
Page 13
DocuSign Envelope ID: 79CFFFF6-45B2-4DBA-8BAE-1E2BEA52DF04
THE BATIC PARTNERSHIP TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
11. 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 Find your active Total of funds |
Balance at 1 September 2021 £ 22,975 - 22,975 7,250 5,630 2,000 9,883 - 24,763 47,738 |
Income £ 2,000 - 2,000 24,000 - - - 6,700 30,700 32,700 |
Expenditure £ (7,797) - (7,797) (24,429) (960) - (390) (4,440) (30,219) (38,016) |
Transfers in/out £ - - - - - - - - - - |
Balance at 31 August 2022 £ 17,178 - 17,178 |
|---|---|---|---|---|---|
| 6,821 4,670 2,000 9,493 2,260 25,244 |
|||||
| 42,422 |
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: 79CFFFF6-45B2-4DBA-8BAE-1E2BEA52DF04
THE BATIC PARTNERSHIP TRUST (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
11. Statement of funds (continued)
Statement of funds - prior year
| Unrestricted funds General Fund Sport England Restricted funds Counselling Supporting vulnerable families Public health funding Mental health/wellbeing Find your active 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 |
12. Summary of funds
Summary of funds - current year
| General funds Restricted funds |
Balance at 1 September 2021 £ 22,975 24,763 47,738 |
Income £ 2,000 30,700 32,700 |
Expenditure £ (7,797) (30,219) (38,016) |
Balance at 31 August 2022 £ 17,178 25,244 42,422 |
|---|---|---|---|---|
Page 15
DocuSign Envelope ID: 79CFFFF6-45B2-4DBA-8BAE-1E2BEA52DF04
THE BATIC PARTNERSHIP TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
12. Summary of funds (continued)
Summary of funds - prior 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 |
|---|---|---|---|---|---|
13. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Unrestricted funds 2022 £ Current assets 24,564 Creditors due within one year (7,386) Total 17,178 Analysis of net assets between funds - prior year Unrestricted funds 2021 £ Current assets 23,675 Creditors due within one year (700) Total 22,975 |
Restricted funds 2022 £ 25,244 - 25,244 Restricted funds 2021 £ 24,763 - 24,763 |
Total funds 2022 £ 49,808 (7,386) 42,422 Total funds 2021 £ 48,438 (700) 47,738 |
|---|---|---|
14. Transfers between funds
The following transfers were made within the funds:
There were no transfers between funds during the year
Page 16
DocuSign Envelope ID: 79CFFFF6-45B2-4DBA-8BAE-1E2BEA52DF04
THE BATIC PARTNERSHIP TRUST (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
15. 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.
16. 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 (2021: £6,500)
Includes the repayment of salary costs incurred by the Trust of £6,500 (2021: £6,500)
South Benfleet Primary School, of which Trustee Dominic Carver is Headteacher, Trustee, Member and Director.
Expenditure £428 (2021: £572).
Includes accountancy fees reimbursed of £583 (2021: £1,000), admin salary costs of £428 (2021: £512), and other expenditure of £nil (2021: £nil).
At the year end there were no amounts owing to or from any related parties.
Page 17