REGISTERED COMPANY NUMBER: 07976220 (England and Wales) REGISTERED CHARITY NUMBER: 1147521 ort of the Trustees and Unaudlted Flnanclal Statements forthe Yèar Ended 31 Au ust 2020 for Collaborativt Schools Ltd MHA Mon8han5 Chartered Accountant8 Fortescue Hou88 Court stet Trowbridge Wiltshire BA14 8FA
Collaborative Schools Contents of the Finan¢ial Statements r the Year Ended 31 Au ust 2020 Paga Report of the Trustees 1 to 4 Indèpendent Examine8 Report Statem•nt of Financlal Activities Balance Sheet Notss to the Financial Statements 8 10 15 Detalled Statement of Financial Actlvlties 16
Collaborative Schools Ltd RÈ ort of the Trustees lor the Year Ended 31 Au ust 20 The trustees vtho are also directors of the charity for the purposes of the Companies Ad 2006. present their report the fflnancial statements of the charty for the year ended 31 August 2020. The trustees have adoptad Ih8 provisions of Accounting and Reporting by Charitie5." Staternent of Recommended Pra¢ti¢e applicable to charities preparing their accourbts in 8ccordanc8 th the Financial ReportirYJ Standard applicable in the UK and Republic ol I12nd IFRS 1021 (effective 1 January 20191. Objeets and aims Statement ol Purpose Shaping the future together by.. Supporting schools lo achieve their own ar)d othe¢s aims.. - Working in the int8r8St ol all pupils and familieg aeross Tro¥r1dge', Fostering excellence through innovative practice. Objectives and aim$ The charitable companls objects are to promote and advance th8 education of Children, young people and their families within the wder Trowbrid9e community by.. al Supporting the development and maintenance of a sustainable. self-improvsng and progres5tve SGhoDI systern.. bl Supporting positive personal achlevements and out¢ome$'. cl Reducing barriers to learning, enlancing health and well-being and raising aspiTation8'. dl Prornoting such other charitabl8 puooses that may on occasion be detemiined. In carrying out its obj8Ctwe5, the charitable company wll promote equality of opportunity and oppose any fomi ol discrimination on grounds of rac8, ethnic origin. gend8r, s8xual oripntalion, age, disability or religion. In order to athi8ve th8 above objects the charity aims to prowd8 services, providè advocacy. adce and infomiation and to act as a re80urce body for lo1 schools and academies. Objectives strntegies and activities The charity trustees confimi that they have had regard to the guidanc8 Issued by th8 tharity commission OA public benefit, and have followed thts Sn pl8nnlng and undertaking the activitie8. In meeting its objectives, Collaborative Schoo15 Llmlted provldes its member s¢hool$ with access Io. engagement with, and development of a range of opportunitie5. some ofthich we captured below. Collaborative Schools Ltd ope¥atsd as norrnally as posslble throughout the Covid Pandernic and continues to do so today. The charity adopted 8 remote delivery to key seNces, reviewed priority foci and conilnually adapted prowsion in order to mltigats risk and operate in Complian with Govemm8nt Guideline5. We are confident that our services met the needs of our members. pupi15. farnilies and other 5tskeholders. 1. Continuing professional development {CPDI for school $t8ff. Our CPD prograrnme falls within the following categorie5". SEND. targeted 5UPPOrt and inclu51on Teaching and leaming L8adership development Governor development Safeguarding and compliance Examples of some of the training provided induded.. Safeguarding wth a on ¢hil¢J sexual exploitation. neglect, domèstle abusè. parent mental health and safer recruittnent - WRAPIPrevent - Cornplian PTornotirvJ safety and health Positive handling Developing leadership tiers Ypithin 8ducal*Jn Governors Safeguarding responsibilities Supporting children wth Social. Emotional and Mental Health {SEMHI naads Supervision frir school staff working swth the most vulnerable M8ntal health first aid tiaining - Attachment and trauma Shaping inspirational TA practice Intensive readin9 SUPPOrt Primary Newly Qualified Teacher Prograrnrne Coaching skills lor middle leaders Page 1
Collaborative School L d ort of the Trustees for the Year Ended 31 Au ust 20 OBJECTIVES AND ACTIVITIES 2. Joint practlce development IJPDI lor school 8taff. Exarnples of some of the prolessional learning communitles currently operating.. English - Maths Science - History and herita99 - Computing Rèligious Education IRE) Special educational needs and disabilities ISENDI - Early years - WeKare and parent engagement (parent SUort advisors) Leadership and learning - T¢ach Meets Moderation - School business rnanag8m8nt 3. School to school support. CSLS school to school support packag8 draws on the expertise of leader5 from across CSL. Straddling fv40 tiers. targeted and universal, outstanding praction8T8 are available to pr¢)vide bespoke 8UPPOrt packages. Pèar support and challenge underpin the sharing of excellence a¢ro$$ our schools. 4. Target8d 5UPPOrt and InGlusion. Exarnple5 of some services and support structures Current operating.. The inclusion forum Family Theraplay and TraplaY In education lThe Th8raplay Instrtutel Counselling Educational psychology - Sensory occupational therapy PantsTrg support Art in health Music therapy - The Harbour Programrne supports'ng young children sufferir@ with SEMH needs Foiest school Supervislon to staff working with th8 most vulnerable - Alternative CumluM opportunitie8 5. Aetmtles to support pupil collaboration. Chihlren and young people ale at the heart of everything CSL does and we strive to rnake communlty coheston real to them via a range of actimties and opportunilies.. - Sports festiva15 and oornpets"tions -Trowbridge Youth Parliarnent - Workshops to 5UPPOrt Ihe'most abk, - Tobyn wide music festival- canlled due to the Covid Pandemic Public benerrt The chaiivs principle sourc8 of funding is through subscriptions frorn rnembor sthools, external grants and lettings. The contributions from member schools have again been set at £6 per capita. IAuch of the actlvty and success in meekn'ng th8 key objectives is linked to partnership working which banefits frorn the investment in co-ordination. CSL continues to focus siynthcant time and c8p8aty into Its future sustsinability with excillng project work and a rising profile. At the end of our sixth year of operation the budget $tsnds at approxmately £302k which wll be rolled aeross to the next financlal year. Tha trustees confirm thal they have complied th the requirements of section 17 of the Charitie8 Act 2011 to hav8 due regard to the public benefft guidance published by the Charity Commission for ENJland and Wales. Financial revlew The charity's total income Wds £252,21312019.. £215.941} and total expenditure was £218,30312019". £278,1691. The surplus for the year was £33.910 12019.. £62.228 deficit). Th8 charity's assets are availabl8 and adequate to fulfil its oblyations on a fund by fund ba515. Paga 2
Re ort of the Trustees for th• Yoar Ended 31 Au ust 2020 Policy on re¥eNes The total balance ol funds at 31 August 2020 wa5 £302,14912019'. £268,239). This includes restrlcted funds of £49,145 12019.. £6,446). The balance of unre5tircted lunds at 31 August 2020 was £253.004 12019.. £261,793). 01 these unrestricted fvnd5, free reserves (calculated as total unrestrscted reserve5, less designaied funds and tangible fixed a5set51 was £110,49212019.. £115,880}. Th8se funds are held to cover th8 ongoing cost5 of providing the charity's worL The board of tnJ$tees wnsiders that the state of the Charitys affairs is sabslactory, and that the charitable wmpany is 11 situated to cary on its objectives in the future. STRUCTURE, GOVERNANCE AND MANAGEMENT Nature of govemlny document The charity is controlled by its govemin9 document, a d88d of trust, and con5trtutes a lirnrted compony. lirnrted by guarantee, as defined by th8 Companie$ Act 2006. Rtsk management The tNstees have a duty to identfy and eW the risks to which the charty 18 eyp08ed and to ensure appropriate controls a in Pla to prowde reasonable assurance against fraud and error. Recruitment and appointment ol new trustees Th8 tru5t885 ar8 th8 h8adteachersl ex8CUtiV8 h8adteach8rsl principa15 of Ihe 21 rnernb8r schools. Trustee 5tatUS 15 assumed by the above p05ition5 in each School. There 15 a chair and vice chair appointed at an annual 818ction. Trustee8 n8Y appointed to the charity are offered sUPPOrt by a m8ntoring and induction packag8. OrgaThisational structure The tnjstees delegate responsibility lor strategic recommendations on the work of the charity to an operations group made up ol the chair, vice chalr and two other trustees. Operation group meetings are open for all trustees lo attend. The operations group is directly supported by the senior employee and draws input as reqUId from staff working on consultancy basis and from partner oryani5alions. Recommendations from thi$ group are considered and agreed at lull trustee meetings held 6 x per yeai. Delegated decision rnaking processes are captured wth the Govemance and Scheme of Delegalion doujment which is reviewed on an annual basis. Them 1$ an annu81 general meetirvJ atwhich trustees and governors from the 21 member schoolg are Invlted. Arrangements lor settlng key management personnel remuneratlon The tru5te8s consider that the comprise the senior employee is the key rnanagement personThel of the charity in charge of the directing and controlling of the ¢harity and running and operaiing the charity on a day to day basis. The senior employee is closely supported by the tru$teÈs all of whom give of their lime freely and no trustee remuneration wa5 paid in the year. Details of trustee expenses and related paty tran$a¢lion$ are disclosed in note 10 to th8 accounts. Twstees are required to disclose all relevant interests and register them and in aceordance with the charivs policy and withdiaw from decisions Whe a conflict of Interest arfses. ReFEREN¢E AND ADMINISTK4TIVE DEfALS Reglstered Company number 07976220 (England and Wales) Regostered Charlty numbèr 1147521 Registered offic8 The Hub. The John of Gaunt School Wingfield Road Trowbridge Wiltshire BA14 9EH Paga 3
Collaboratlve Schools L ort of the Trustet$ for the Year Ended 31 Au ust 2020 Trustees KAsh M Bartlett L R Bolton M Burr E G L Caldw811 V Cann- resiqned 31108119 PLCook V Cottrell- appointed 01101119 D Forster S E Garbutt M J Hamden - resigned 16104120 H Macrne8kirb C Marshall T S885ions L Shell8rd P Skipp R A F Whitew'dt- igned 15102119 S J Wigley K Wilkins Company Secretary J L Bullock Independent Examiner MHA Monahan5 Charter8d Accountants Forteseue House Court Street Trowbridge Wiltshire 8A14 8FA Approved by order ol the board of Irustses on - and signad on its behalf by.. cretary Page 4
Inde endent Examlner's R ort lo the Trustees of Collaborative Schools Ltd Independent examlnerfs report to the trustees of Collaborative Schools Ltd I'the Cornpanv) I report to the charity trust8es on my examination of the accounts of the Company for the year ended 31 August 2020. Re8ponsibiliti88 and basi8 of report As the charitls trustees of the Company land also its directors for the puwposes of cornpany lawl you a responsible for the pparatIon of the accounts In accordance with the qUireMnts of the Compani8s Act 20061.lhe 2006 Act'i. Having Satisfied mys81f that tha 8ecounts of the Company are not required to be audited under Part 16 of the 2006 Aet and are eli9ible for independent examination. I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 1.the 2011 ACVI. In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145151 Ibl of the 2011 Act. Independent eumine$ ¥tatem?nt- rnatt8Fs of coneom Identlfled Since your charity's gross income exceeded £250,000 your examiner must b8 a rnernber of a listed body. I can eonfimi that l am qualified to undertake the examination because l am a register8d m8mber of Institute of Chartered Accountants in England and Wale5 which is ore of the listed bcxjies. I have cornpleted my exarnination. Evidence available to me was limited because inforrnation relating to Collaborative School Ltd $ share of the assets and liabilities of the pension fund al the year end date was not obtained by the truste?s. As a result. Ihe adjustments and disclosures required by FRS 102 could nol be incorporated into the account5. Had infomation been available in respect of Collaborative SchoDI Ltd's share of the underlying assets and liabilitie5 of the scheme, an asset would have been recognised on the fa¢e of the balance sheet along wth a corresponding pènsion reserve wthin funds. The standard a150 requires the current servlee costs, interest on scheme liabilities and expected return on scheme assets for the period to be recognised in the statement of financial activitie5. Actuarial gains and losses in the period would have been disG105ed in the slaternent ol total recogni5ed gains and ID$5es. A triennial actuarial valuation as at 31 March 2019 showEd that the fund was in surplus, details of the valuation are disclosed in note 17 to the accounls. I confimi that no other matters ha com¢ to my attention In connectlon w5th the examination giving me rga$onabl¢ Cause lo believ8 that in any material respect= ac¢ounting re¢d$ were not kept in respect of the Company as required by se10 386 of the 2006 Act.. or the accounts do not a¢cord with those records.. or the accounts do not comply wth the accounting requirements of section 396 of tt)e 2006 Act other than any requirement that the accounts give a true and fair view which is not a Thatter conSided as part of an ndependent examination., and the accounts have not been prepared in ac¢ordance with the methods and principles of the Slatement of Recornfflended practi foi aGGounling and reports.ng by charities (applicable to charities preparing their accounts in accordance with the Financial Reports"ng Standard applicable in the UK and Republic of Ireland IFRS 10211. I confinn thal there are no other matters to which YOUT attents.on shoulj be drawn to enable 8 proper understanding of the accounts to be reached. James Gare FCA OChA Institute of Chartered AOunniS in England and Waks MHA Monahans Chartered A¢countants Forte5cue House Court Street Trowbridge Wiltshir8 BA14 8FA Date.. Page 5
Collaboratlve School L Statement of Financlal Actlvltle for the Year Ended 31 A ust 2020 2020 Total lund8 2019 Total funds Unreslticted lund$ Restricted funds Notes INCOME AND ENDOWMENTS FROM Charitable activities Promot8 and advance 8ducat(on 184,673 65.638 250,311 214,831 Other trading activities Investment income 795 1,107 795 1,107 940 170 Totsl 186,575 65.638 2S2,213 215,941 EXPENDITURE ON ¢harltable acllvitie$ Promote and adVaTr education 195,364 22.939 218,303 278,169 NET INCOMEIIEXPENDITUREI 18,7891 42.699 33,910 162,2281 RECONCILIATION OF FUNDS Totsl funds brought forward 261.793 6.446 268,239 330.467 TOTAL FUNDS CARRIED FORWARD 253,004 49.145 302,149 268.239 The notes fomi part of these financial statements Pas8 6
Collaborative Schools L istered number: 07976220 Balance Sheet 31Au ust 202 2020 2019 Notes FIXED ASSETS Tangible assets 12 142.512 145,913 CURRENT ASSETS Debtors Cash at bank and in hand 13 1,484 166,274 6.289 146.308 167,758 152.597 CREDITORS Amounts falling due within on8 year 14 18,1211 {30.2711 NET CURRENT ASSETS 159,637 122.328 TOTAL ASSETS LESS CURRENT LIABILITIES 302,149 268.239 ASSETS 302,149 268.239 FUNDS Unrestricted funds Restricied funds 16 253,004 49,145 261.793 6,446 TOTAL FUNDS 302,149 268,239 The charitable cornpany is entitléd to •xemptk)n from audit under Section 477 of thg Cornp8ni88 Act 2006 lor the yaar ended 31 August 2020. The members have not required the company to obtaSn an aud of rts ffinancial statern8nts for the year eThded 31 August 2020 in accordance th Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for lal ensuring that the charitable company k¢ep$ accounting raeords that comply th Sectlons 386 and 387 of the Companies Ad 2006 and pieparing finanGial statements whi¢h give a true and fair view of the sta of affairs of the charitable company as at the end of each financial year and ol ils surplus or deficit for each financial year In accordance with the requiremernt5 of Sections 394 and 395 and which otherwise cornply th the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable cornpany. Ibl These finan¢ial stat¢ments have been pr8patod in accordance with the provisions appbcabie to tharit8b18 companies subjecl to the small companies regime. The ffinancial statements were approved by the Board of Trustees and authorisod for r4sue 18 May.2021 . and were signed on its behaw by-. on L Shellard- Tru8tse The notes foffli part ol these finanaal slatements Page 7
Collaborative Schools Ltd Note5 to the Financial Statement5 for the Year En U5t 2020 ACCOUNTING POLICIES Basis of Preparing the financlal ststements The financial slaternents of the charitable ¢ompaTry, which is a public benefit entity under FRS 102. have been prepared in ac¢ordance with the Charits'es SORP IFRS 1021 'Accounting and Reporting by Charilies.. Statement of Recomtnended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republ1¢ ol Ireland IFRS 1021 leffeclive 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and th8 COmpanS Aot 2006. The financial staternenls have been prepared under the historical cost onvention. Collaborative Schools Ltd as a charitable company established in England and Wales. In thè èvent ol Ihe charitable company being wound up, the liability in respecl of the guarantee Is limited to £1 p8r rnember of Ihe eharit8ble company. The add8$ of the registered Offi is given in th8 ref8[en and administrative details 0 page 1 of these financial statements. The nature of the charitable cornp8ny'5 operations and principal adivities are described in the Report of tho Truste8S. The financial staternents have been prepared on a going ¢on¢em basi5 under the historical ¢osl ¢onvenlion. modified to include certain items at lair value. The functional currency of charitabl8 company, and the presentation currency of these fina¢181 stsiements 18 the pound sterling I'£'l. The significant accounting policEs applied in the preparation of these financial siat8rnents arè set out below. These policies have been con515tantly applied to all years presented unless otheMise stated Income All incorne is recognised in the Staternent of Financial A¢tivrties onc8 th8 charity has entitlnnt to th8 furkI5. It 15 probabl¢ that the iTh¢ome will be receNed and the amount ran be measured reliably. Expendlture Liabilities S recognised as expenditure 88 soon as Ihere is a legal or con5trn¢tiw obligation committing the charity to that expenditure, it is probab that a transfer of economic benefits will be requlred in sewement and th? amount of the obligation can be measured reliably. Expenditure is accounted for on an ac¢wals basis and has been classified under headings Ihat aggregate all cost lated to the category. whe costs cannot be directly attributed to particular headings they have been alloGated to a¢tivibes on a basis consistent wth the use of resourc88. Expenditure includes any VAT which cannot be Tecov8red and is reported a$ part of the expenditure tD which it relates. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off eaGh asset over its estimated useful Long leasehold Fixtures and fitting5 2°h on straight line basis 33% on reducing balance Long leasehold indje$ land which 18 not depr8Cl8ted. As8et8 With a valuè greaterthan £SOO are in¢luded a5 capital assets. Taxation The charity is exempl from cc¥poration tax on its charitable activities. Fund accounting Ullr8Stricted ftjnds can be used in accordancg bwth the charitable obiectives at the discrelion of the trustees. R8Strict8d funds can only be used for particular restricted puwpose$ vmthin the objects of the charity. RestrKtion8 arise when specffied by the donor or en funds are 18i$ed ftir particular restrict8d putposes. Further explanabon of th* nalure and purpose of each fund 15 Included in the notes to the finanGial statements. Page 8 continued...
Collaboratlve Schools Ltd to the Financial Statements- contlnu for the Year Ended 31 Au ust 202 ACCOUNTING POLICIES - contlnued PerlOn ¢o$ts The charty is a rnember of Wiltshire Pension Fund. The Scheme 15 a multi.employer Scherne. The Scheme has previously been accounted ftir as bf it a dgfined contribution scheme on the grounds that trustees decided that it would be too expensive and of limited benefit to users of the financial statements to obtain the valuation of (he charitys share of scherne at the year end date. The trustees have therefoie continued to ac¢ounl for the scheme on a defined contribution basis. Debtors Trade and other debtors are re¢ognised at the settTernent amount due after any trade discount offered. Prepayments are valued at the amount pr8p8id net of any trade discounts due. Cash at bank Cash at bank includes cash and short term highty liquid investment5 With a short rnarIty of three monlhs or le58 from the date of acquisition or opening of the deposit or similar account Credltov¥ and provlslons Creditors and provisions are recogni58d where the charity has a present obligatn resutting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be rneasured or estimated reliably. Creditors and provislons are nomially recognised at their 5etUernent amount after allowing for any trade discounts due. Flnanclal Instruments The tharitable company onty has flnanclal assets and financial liabilities of a klnd that qualify as basic financial instruments. Basic financial instruments are initialty Teccfnised at transition value and subsequently measured at their settlement value. OTHER TRADING ACTNITIES 2020 Total funds 2019 Tolal funds Unrestricted funds Restricted funds Lettings Income 795 795 940 INVESTMENT INCOME 2020 Total funds 2019 Total funds UThre$tricted funds Restriete funds Deposit ac¢ount interest 1,107 1,107 170 INCOME FROM CHARITABLE ACTIVITIES 2020 2019 Promote and advan¢e education Total activities Income Irorn schools Other income 234,116 16.19S 210,831 4.000 250.311 214,831 PagÈ 9 continued...
Collaborative Schools Ltd Notes to the Flnanclal Ststernents - continued for the Year Ended 3 ust 2020 CHARITABLE ACTIVITIES COSTS Dirset Costs Isee not8 61 Support costs (see note 71 Totals Promote and advanc8 education 203,357 14,946 218.303 DIRECT COSTS OF CHARABLE ACTIVITIES 2020 2019 Stsff c05t5 Rate5 and wat8r Light and heat Telephone Postage and stationery Sundries Activity ¢o$¢s Consultancy fees Commissioning Cleanlng Repairs Marketing Other staff cost5 Training costs 98,030 637 1,400 1,680 1,008 612 38,027 2,580 55,726 821 2,691 145 152,355 5S3 1.360 1,630 1.108 953 45,512 2,323 55,122 1,143 2.623 148 629 45 203,357 265,504 SUPPORT COSTS Finance Other Totals ProrTh)te and advance education 14.939 14,946 Support costs. included in the above, are as follaws-. 2020 Promote and advance education 2019 Total a¢tNilles Bank charges Insurance Independent examinerf8 tses Legal fees Other Support costs Depreciation of tangibje fixed assets 32 1.885 3,091 13 4,244 3,400 1,833 2,758 13 6,934 3.401 14,946 12,665 NET INCOMEIIEXPENDITUREI N8t incorne/{expenditurel is stated after chargingllcreditingl.. 2020 2019 Depreciation- owned assets Independent exarninerf$ remuneration 3.401 2.758 3,400 3.091 Page 10 continued...
Collaborative Schools Ltd Note5 to the Flnan¢ial Statements- continued lor the Year Ended 31 Au us 2020 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneratlon or other benefits for the y8ar ended 31 August 2020 nor for the year ended 31 August 2019. Tru5tees' expenses There were no trustees, expenses paid for the year ended 31 August 2020 nor for the year ended 31 August 2019. 10. STAFF COSTS 2020 2019 Wages and ¥alaries Social security costs Other pension ¢08t$ 81.826 1.046 1S.158 124,197 2.918 25,240 98.030 152,355 The aver8g8 monthly numb8r ofèmpl¢)yees dun9 the year was as follows.. 2020 2019 Full tirne Part time ApprentIcs- part tsme 12 No employees recelved emoluments in excess of £60,000. Th8 key manag8rn8llt personnel of the Gharity comprises ihe board of trustees and the secr8tary who are in charge of directing and controlling the charity and running and operalin9 the charty on a day to day basis. Th8 total arnount of ernployee benefits rèceived by key management personnel during the year wa5 £54,483 {2019 £56,168). 11. COMPARATIVES FOR THE STATEMEKf OF FINANCIAL ACTIVITIES Unrestricted lunds Reslricted funds Totsl funds INCOME AND ENDOWMENTS FROM Charitable activities Promote and advance education 214,831 214,831 Olher tiading acliviti8S Investment income 940 170 940 170 Total 215,941 215,941 EXPENDITURE ON Charitable activities Promote and advan educatSon 278,169 278,169 NET INGOMEIIEXPENDITUREI {62,2281 162.2281 Translets between funds 27,244 127,2441 Net movernent in funds {34,984) 127.2441 162,2281 RECONCILIATION OF FUNDS Total funds brought forward 296,777 33,690 330,467 Page 11 eontinued...
Collaborative Schools Ltd Notes to the Financial Statements continued lor the Year Ended 31 2020 11. COMPARATIVES FOR THE STATEMENT OF FINANGIAL ACTIVITIES- contlnued Unrestricted funds Restricted funds Total funds TOTAL FUNDS CARRIED FORWARD 261,793 6.446 268,239 12. TANGIBLE FIXED ASSETS Fixtures and ftth'ngs Lg le8S8hold Totals COST At 1 September 2019 and 31 August 2020 170,000 2,993 172,993 DEPRECIATION At 1 September 2019 Charge for year 24,188 3,300 2,892 101 27,080 3,401 At 31 August 2020 27,488 2,993 30,481 NET BOOK VALUE At 31 August 2020 142,512 142,512 At 31 August 2019 145,812 101 145,913 Included in cost or valuation of 18nd and buildings is freehold land of £5.000 12019 £5,0) whh is not depreciated. Leasehold land and buildings represents a long leasèhold from The John of Gaunt School and is induded at deemed Cost of £170,000 as del8rmined by the trustee5. 13. DEBTORS: AMOUWts FALLING DUE WITHIN ONE YEIR 2020 2019 Trade deblor5 Prepayment5 and accrued ine¢xne 46$ 1,019 5,690 1,484 6,289 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2020 2019 Trade crediioTS So¢ial security and othertaxes Deletred income Accrued expenses 4,396 827 1,100 1,325 23.523 4,323 2,898 8.121 30,271 Deferred ineomè 2020 2019 Deferred Income at 1 September 2019 Resour¢e$ defeired in the year Amounts released from pievious years 23.523 23,523 (23,5231 Deferred Incom8 at 31 August 2020 23.523 Deferred income includes income from school and tradiThJ activitres received during the year whith relat¢J lo Ihg following year. Page 12 Contlnutd...
Collaboratlve Schools Ltd th ancial Statements- continued for the Year Ended 31 Au ust 2020 Is. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2020 Total funds 2019 Total funds Unrestricted fLtnds Restricted funds Fixed assets Current assets Currgnt liabilit18S 142,512 118,613 18,1211 142.512 167,758 18,1211 145,913 152.597 130,2711 49,145 253,004 49,145 302,149 268,239 MOVEMENT IN FUNDS Nel movement in fvnds At 31.8.20 Atl.9.19 Unrestrlcted funds General fund 261.793 {8,7891 253.004 Restricted funds SEMH Music Grant LAC Wellbeing National Lottery Grant 6,446 15631 34,062 9,200 5.883 34.062 9,200 6,446 42,699 49,145 TOTAL FUNDS 268,239 33,910 302,149 N8t movement in fijnds, includgd in Ibe above are as follows.. IncomiThg resourc88 Resources expended Movement in lunds Unrestrictsd funds General fund 188,575 1195.3641 18,7891 Restricted funds SEMH Muslc Grant LAC Wellbeing National Lottery Grant 6,458 49,980 9,200 17,0211 115.9181 15631 34,062 9,200 65,638 122.9391 42,699 TOTAL FUNDS 2S2,213 1218,3031 33,910 Page 13 continued...
Collaborative Schools Ltd tes to the Financial Statements- Contlnued for the Year Ended 31 Au ust2 16. MOVEMENT IN FUNDS- contlnued Comparative5 for rnovement tn funds Net movement in lunds Transfers beleeTr funds At 31.8_19 At 1.9.18 Unrestrleted funds General fund 296,777 162,228) 27,244 261,793 Restrlcted fund5 MOD- SupKK)rtirrfJ 6eNi¢e ¢hildren in 5choo15 Trowbrfdge Book Fest SEMH Music Grant Wiltshir8 Project Fund Other Schools 1,281 554 31.255 100 500 11.2811 15541 124,809} 11001 Isooi 6.446 33,690 127,2441 6,446 TOTAL FUNDS 330,467 162,2281 268,239 Comparative net movernent in funds. included the above are a6 follow8.' InmIng resources Resourc8S expended Movement in funds Unrestrl¢ted funds G8ner81 fund 215.941 1278,1691 162,2281 TOTAL FUNDS 215.941 1278,1691 162,2281 A current year 12 morbths and prior year 12 months eombined position is a5 follows.. N8t movement in funds Translers b8tsvee funds At 31.8.20 At1.9.18 Unrestrtcted funds Gèneral fuM4 296,777 171.0171 27,244 253.004 Rostricted funds MOD- Supporting Se¢* ehll¢Jren In schools Trowbridge Book F8St SEMH Musi¢ Granl Wiltshire Project Fund Other Schools LAC Wellbeing National Lottery Grant 1.281 554 31,255 100 500 11,2811 15541 124,8091 11001 15001 15631 5,883 34,062 9.200 34,062 9,200 33.690 42.699 127,244} 49.145 TOTAL FUNDS 330.467 128,3181 302.149 Pagè 14 eontinued...
Collaborative Schools Ltd Note5 to the Financial Statements- continued for the Year Ended 31 Au U5t 2020 16. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined net movement in funds. induded in the above are a5 follows.. Incoming sources Resources expended Movement in funds Unrestrlcted funds General fund 402,516 1473,5331 171,0171 Restrictsd funds SEMH Music Grant LAC Wellbeing National Lottery Grant 6.458 49.980 9,200 (7.0211 115.9181 15631 34.062 9.200 65,638 122.9391 42,699 TOTAL FUNDS 468.154 1496,4721 128,3181 SEMH Music Grant Is income in r88PeCt of 5LVPOrt for teaching rnusic for chikjren with spgciali5t 18aming drfficulties. National Lottery funding is in respect of the enhanrneDt of lo¢al inclusion forums. The LAC Wellbeing funding Is to promote the wellbeiro of children. 17. EMPLOYEE BENEFIT 08UGATIONS The charfty Is a membar of thè Wiltshirè Pènslon Fund. The Stherne is a mulliomployer scheme. The charity ha5 not comrnissioned an actuarial valuation report at the year end date and ha5 therefore not ncluded the year ond as88t and the disclo¥ure8 necessary to account for tho defined bonefit penslofi sch8rn8 undeT the normal reporting standards. Th8 eharity has a tri8nnial actuarial valuation report as at 31 March 2019 and thls showed that Collaborative Schools Ltd fund was in Surplus by e18.000 and consequently no babilty in respect of deficil payments needs to b8 recogni8ed in the financial statements. The $t for the period was £23,64012019- £2S.2401. There were no outstandin9 or prepaid contribuboTrs at the balance sheet date. 18. RELATED PARTY DISCLOSURES All of the m8mb8rs of Collaborative Schools Ltd are head teachers of Iheir respe¢tfve $ch¢)ols. SeNice$ are Prolded to the rnember Schools in line with charitable actiMtie5. 19. ULTIMATE CONTROLUNG PARTY The Trustees consider that the ¢harity is joinY ovmed by the Trustee$ and there is no uttimate controlling party. Page 15
Collaborative Schools Ltd Detailed Statement of Financial Activities for the Y•ar Ended 31 Au ust 2020 2020 2019 INCOME AND ENDOWMENTS other trading aetlvltl•s Lettings Income 795 940 Investment income Deposit account interest 1,107 170 ¢harltable actlvltles Income Irom schoojs other incorne 234,116 16,195 210,831 4,O¢X) 250.311 214,831 Total incorning resources 252.213 215,941 EXPENDITURE Charltable actlvltles Wages Social security Pen5*Jns Rates and water Li9ht and heat Telephone Postage and stationery Sundries Acti¥Aty Costs Consultancy fees Commissioning Cleanlng Repairs Marketing other staff cost$ Training costs 81,826 1,046 15.1S8 637 1.400 1.880 1.008 612 38,027 2,580 55,726 821 2,691 145 124.197 2.918 25,240 553 1.360 1.630 1.108 953 45.512 2.323 55,122 1,143 2,623 148 629 45 203,357 2es.504 Support Costs Finance Bank charges 32 Other Insurance Independent examlne¢s fees Legal fees Other support Costs Deprecialton of long leasehold Depreciatn offre8 & fittings 1,833 2,758 13 6,934 3,300 101 1,885 3,091 13 4,244 3,300 100 14,939 12,633 Total resour$ expended 218.303 278,169 Net Incomellexpenditurel 33,910 162,2281 This pa9t do ngtlom part of tha statutory finandal statements Pag8 16