Charity Registration No. 1148518
Company Registration No. 08165830 (England and Wales)
## THE CHRISTIAN SCHOOL (TAKELEY)
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
## THE CHRISTIAN SCHOOL (TAKELEY)
## LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Mrs E S Beumer Mr W Beumer (Appointed 10 June 2021) Mrs C Bowman Mrs R V E F Campos Mr P Toms (Appointed 10 June 2021) Mrs K Wilkinson Charity number 1148518 Company number 08165830 Principal address Brewers End Takeley Bishops Stortford Hertfordshire CM22 6QH Registered office Brewers End Takeley Bishops Stortford Hertfordshire CM22 6QH Independent examiner Colin Dadswell FCA ACCA DChA Caladine Limited Chantry House 22 Upperton Road Eastbourne East Sussex BN21 1BF
## THE CHRISTIAN SCHOOL (TAKELEY)
## CONTENTS
||Page|
|---|---|
|Trustees' report|1 - 4|
|Statement of trustees' responsibilities|5|
|Independent examiner's report|6|
|Statement of financial activities|7|
|Statement of financial position|8|
|Notes to the financial statements|9 - 17|
## THE CHRISTIAN SCHOOL (TAKELEY)
## TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
## FOR THE YEAR ENDED 31 AUGUST 2021
The trustees present their annual report and financial statements for the year ended 31 August 2021.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the trust's Memorandum and Articles of Association, the Companies Act 2006 and "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
The trust's objects are:
- To advance the Christian faith for the benefit of the public in accordance with the Statement of Beliefs contained in the schedule to the Memorandum and Articles of Association in such ways and in such parts of Takeley, the United Kingdom or the world as the Trustees from time to time may think fit.
- The advancement of education on the basis of Christian principles and without prejudice to the generality of the foregoing the provision of such education in any educational establishment for the general education of children or adults on the basis of such Christian principles in Takeley and in such other parts of the United Kingdom and the world as the Trustees may from time to time think fit.
The Trust achieves its objectives by operating a small independent school for children aged between 3 and 16 years with a Christian ethos in the village of Takeley, Essex. The school provides education for around 50 pupils and includes families from a wide geographical area, who belong to a number of different churches or none.
The School's ethos encourages a real sense of community and the family nature of the school means that children can be themselves in a safe and accepting environment where pupils and staff work together. The overall aim is to provide a Christ centred education that enables children and young people to become confident, creative, aware and responsible members of their communities.
## Public Benefit
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the trust should undertake.
## Achievements and performance
## Introduction
The Christian School (Takeley) is a faith-based, independent day school catering for children from 7 to 16 years of age under two school departments: Junior and Senior, on a single site. The school is housed within buildings owned by Takeley Chapel and rented by the school.
## Pupils
In September 2020 the school started the academic year with 33 pupils and ended with 29 on roll with an expected number for the following September of 34. The school’s maximum number of pupils remains at 70. The aim is to stabilise the number in each year group to eight in the Seniors and 5 in the Juniors, although exceptions are made to this. We maintain a flexible approach to classes as our numbers fluctuate. Some year groups are taught together, for example years 5 and 6, and years 7 and 8. This year was still heavily affected by the loss of pupils and staff the previous year due to coronavirus pandemic and subsequent difficulties in recruiting new pupils.
The school continues with its flexible approach to families who home-educate as well as welcoming pupils with special needs. Staff have worked hard to cater for such needs yet at the same time have attempted to maintain a balanced approach so that pupils of all abilities can be accommodated. We currently have one pupil with an EHCP and a greater number with individual education plans. We do not take on pupils whose needs we cannot accommodate but the small nurturing nature of the school is conducive to meeting the needs of many pupils who have had difficulties elsewhere. We have a strong SEN team but no qualified SENCo.
- 1 -
## THE CHRISTIAN SCHOOL (TAKELEY)
## TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021
External examination results for the 2020/21 period were positive despite the national cancelation of pupils physically sitting examinations.
Our attempts to recruit new pupils were severely hampered by the national lockdown but we are actively engaging on social media to increase awareness of the school and encourage applications.
## Teaching staff
The school continues to benefit from the leadership of the Head Teacher, M Emlyn Humphries and Mandy Watts as deputy. At the end of the 2019/2020 academic year a longstanding member of the Senior Leadership Team (SLT) resigned. She has been replaced by Angela Toms who is also filling the role of deputy designated safeguarding lead. Weekly SLT meetings are held as well as a full staff meeting to discuss progress and training as well as events and behaviour issues.
In September we gained a new experienced science teacher who has proved to be great asset to the school. At the end of the year our Upper Junior class teacher resigned, and we are looking to replace her with a new member of staff.
Our regular PE teacher returned from maternity leave and our cover PE teacher remains a volunteer at the school.
## Non-teaching staff
No changes to non-teaching staff have taken place this financial year. A freelance accountant continued to support school administrative staff stepping down at the end of August 2021.
## Trustees
The trustees continue to hold monthly meetings throughout the year. These meeting moved to being online through Google Meet in line with national lockdown and the majority continue to take place online. The trustees were as follows: Carina Bowman (chair), Erika Beumer, Rachel Campos (secretary), and Katherine Wilkinson for the whole year with Paul Toms and Willem Beumer joining during the year. Willem has a financial background which is a positive addition to the skill set already held amongst the trustees.
## Parents
Although opportunities have been greatly reduced due to the pandemic, we continue to encourage parents to play a part in school life. We have had to adapt events to comply with social distancing requirements, and many were suspended. The loss of the sense of community did impact morale around school.
During this period our Parent Consultation Evenings, Envisioning Day and Christmas concert were successfully held online. We are now working hard to rebuild certain aspects of our community and parental involvement that have been hindered by restrictions due the pandemic.
Where families are welcome to attend Friday morning assembly in the Chapel; are expected to attend termly cleaning days; encouraged to attend consultations with the trustees as well as our annual school envisioning day. Weekly prayer meetings and social events all had to stop, and we are now looking at how best to restart them. There is a small maintenance team of parents and staff which come together to help with low-risk general maintenance tasks.
We use parent questionnaires annually to keep in touch with the parent view and once again we have found the consensus to be overwhelmingly positive.
## Inspection
Our most recent inspection by Ofsted in early 2020. We were very pleased with the outcome of this inspection and are now officially rated as ‘Good’ in all areas. It is our belief that this outcome will encourage new pupils to join the school. We have now moved to a new inspectorate; the Independent Schools Inspectorate and future inspections will now take place under ISI.
- 2 -
## THE CHRISTIAN SCHOOL (TAKELEY)
## TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021
## Finance
The trustees considered that the gradual reduction in pupil numbers and the knock-on necessity to raise fees could be contributing further to the decline in pupil numbers. A few years ago the fee structure was changed in order to reduce the discount available to families with multiple children in the school. The trustees and headteacher have reflected on this and considered that a reversal of this policy would be beneficial in enabling larger families to attend the school. The discounts in fees for multiple children in the same family reflect the fact that these families commit to the school for longer periods and are a positive for the school community both financially and in many other ways. Fee decisions have been made on the basis that increasingly higher fees with fewer pupils (and a continuation of this cycle) is not a viable model for the school and that lower fees with more pupils is a more sustainable model.
Parents have been encouraged to give voluntarily to building projects and to general school funds to enable the school manage financially while more pupils are recruited. These donations are entirely voluntary and no amounts are specified. Donations made possible a building project which was vital to creating a new teaching space in the Junior School after the rearrangements made to the site to make it “Covid safe”.
The pandemic has meant that pupil recruitment has continued to be more difficult but this is now changing.
The school was able to benefit from the government furlough scheme whilst the school site was closed. Most teachers continued to work but those teaching PE and Food technology were furloughed. The trustees also decided to take advantage of the government bounce back loan scheme, being confident that the terms of repayment were manageable This loan enabled the school to obtain an upgrade to internet provision which was vital in order to provide online learning on an ongoing basis.
## Financial review
Unrestricted income for the year amounted to £265,820 with expenditure of £279,567. After fund transfers there was a surplus on unrestricted funds of £2,379. Unrestricted funds carried forward amounted to £27,132. Restricted funds were all used up in the year to purchase assets and a requisite transfer to unrestricted funds was made in respect to these costs as the restriction had been satisfied. This led to a deficit on restricted funds of £17,510. The overall result for the year was a deficit of £15,131 (2020: deficit of £19,251) leaving total funds carried forward of £27,132.
## Reserves policy
It is the policy of the trust that unrestricted funds which have not been designated for a specific use should be maintained at a level of £15,000. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the trust’s current activities while consideration is given to ways in which additional funds may be raised.
Unrestricted reserves stood at £27,132 at the balance sheet date which is above the target level. The trustees will be striving to maintain this level of reserves over the coming year as it sees the School on a good financial footing moving forwards.
## Risk management
The trustees have assessed the major risks to which the trust is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
## Response to the pandemic
During an incredibly disrupted year school staff responded very well to the challenges and provided online learning to the pupils to a very high standard. The school maintained a full timetable was able to support pupils in their education and also emotionally. Some pupils continued to attend in school while others remained at home and both were well supported. In order to maintain its distinctive community, the school had to adapt and not being able to have parents onsite has been difficult but the school is now working hard to rebuild all these connections. Weekly whole-school inline assemblies were a highlight during the lockdown and helped to keep school unity. Feedback from parents supports the view that provision was excellent.
- 3 -
THE CHRISTIAN SCHOOL (TAKELEY)
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2021
Structuro, povernanc? and rnanag•m•nt
The trust is a company limited by guarantee g¢)vern•d by a MwnorarKlum and Articles of Assoclatlon dat8d 2
Augusl 2012. Tho company réglslr8tion number Is 08165830. The trust also rngi$tered wrth the Charity
Commmion in Engnd and Woks, registration number 1148518.
The trustaes, who are a180 the &ire¢tor8 for th8 purpose of company Iw. and who strvqd during the yaar and up
to the dalo of 5rgnatyre of the flnandal 8tatsments were..
Mr8 E S Baun*r
Mr WBeumer
Mrs C Bcwiman
Mrs R V E F Campos
MrA E Farrer
Mr P Tom¥
Mr¥ K Wilkin¥on
(Appointed 10 June 2021)
{Reslgned 24 November 20201
(Appointed 10 June 20211
New Trustees wth Suitable ski118. knowledge and experience who subscnbe to the Stst8ment of Failh contsir
thin the Mernorandum and Articlgs of AssoCln are propos•d and app)int¢d by the existin9 trustee8 8$ the
need arise$.
None of the trustees has any beneficial intarest in ctxnpany. All of the trustees are MornrS of the ¢ompany
and guarantse lo contrule £1 in ts event of a winding up.
The day to day Nnning of the 8d)ool is delegated lo tho Head teacher end his senr k•8dership tèam. The
goveming body is a parent council consulted by the Head lead*r as part of hi$ management of the schcol and
Includes t•achef¥, parents and trustees trjt ha8 no management status in the 8¢hool.
The tTUStee8 are responsible for the financial manag8menl of thè and hokl the He8d toacher lo acojunt.
Tl)ey aLg) ensure that school policiets ara being carried oul.
The tntee8. report wa8 approved by the Board of Trusteos.
Mrs C knman
Tnmt••
## THE CHRISTIAN SCHOOL (TAKELEY)
## STATEMENT OF TRUSTEES' RESPONSIBILITIES
## FOR THE YEAR ENDED 31 AUGUST 2021
The trustees, who are also the directors of The Christian School (Takeley) for the purpose of company law, are responsible for preparing the Trustees' 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 year which give a true and fair view of the state of affairs of the trust and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the trust will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the trust 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 trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
- 5 -
##
##
##
##
##
##
## THE CHRISTIAN SCHOOL (TAKELEY)
## STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
## FOR THE YEAR ENDED 31 AUGUST 2021
|Unrestricted
Restricted
funds
funds
2021
2021
Notes
£
£
Income from:
Donations and legacies
3
24,921
-
Charitable activities
4
240,556
-
Investments
5
343
-
Total income
265,820
-
Expenditure on:
Charitable activities
6
279,567
1,384
Net outgoing resources
before transfers
(13,747)
(1,384)
Gross transfers
between funds
16
16,126
(16,126)
Net income/(expenditure)
for the year/
Net movement in funds
2,379
(17,510)
Fund balances at 1
September 2020
24,753
17,510
Fund balances at 31 August
2021
27,132
-|Total Unrestricted
Restricted
funds
funds
2021
2020
2020
£
£
£
24,921
17,416
12,500
240,556
303,809
-
343
654
-
265,820
321,879
12,500
280,951
353,630
-
(15,131)
(31,751)
12,500
-
26,965
(26,965)
(15,131)
(4,786)
(14,465)
42,263
29,539
31,975
27,132
24,753
17,510|Total
2020
£
29,916
303,809
654
334,379
353,630
(19,251)
-
(19,251)
61,514
42,263|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
- 7 -
THE CHRISTIAN SCHOOL (TAKELEY)
STATEMENT OF FINANCIAL POSITION
ASAT31 AUGUST2021
2021
2020
Notes
Fix•d assats
Property, plant and equipment
10
35,022
23,582
Current assets
Trade and othar receivables
Cash at bank and in hand
11
4,155
95,182
33,358
99.337
(65,5601
99,804
{81,123)
Current lial>iliti
13
Net current assets
33,777
18,681
Totsl assets less ¢urrnnt Ilabilitios
68,799
42,263
Non4urr•nt liabilitie•
14
{41,667}
N•1 assets
27.132
42.263
lncomo fund$
Re81dcted fijnds
Unrestricted funds
16
17,510
24,753
27,132
27,132
42,283
The MpanY 1$ entitled to the exemption from the audh requirement containthj In section 477 of th& Companies
Act 2006, for the year ended 31 August 2021.
The directors acknowledge their responsibilitie6 for comptying with the requiromants of the Companles Act 20C
with respect to accounting recvrds and the preparalion of financial statements.
The members have not required the company to obtain an 8udf( of bts financial slatoments for th& in
questlon in accordance with section 476.
These flnancial Statements have been prepared in accordance with the provisions applicable to companie8
8ubiect to Ihe small companies regim8.
The financial statements were approved by thè Trustees on ..
C Bowman
Tru8t•o
Company R•gl$tration No. 08165830
## THE CHRISTIAN SCHOOL (TAKELEY)
## NOTES TO THE FINANCIAL STATEMENTS
## FOR THE YEAR ENDED 31 AUGUST 2021
## 1 Accounting policies
## Company information
The Christian School (Takeley) is a private company limited by guarantee incorporated in England and Wales. The registered office is Brewers End, Takeley, Bishops Stortford, Hertfordshire, CM22 6QH.
## 1.1 Accounting convention
The financial statements have been prepared in accordance with the trust's Memorandum and Articles of Association, the Companies Act 2006 and "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)". The trust is a Public Benefit Entity as defined by FRS 102.
The trust has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the trust. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## 1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the trust has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## 1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
## 1.4 Income
Income is recognised when the trust is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the trust has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
## 1.5 Expenditure
Liabilities are recognised when a constructive obligation exists, the payment is probable and the obligation can be measured or estimated reliably.
Resources expended are allocated to the particular cost centre to which they relate and include irrecoverable VAT.
- 9 -
## THE CHRISTIAN SCHOOL (TAKELEY)
## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
## FOR THE YEAR ENDED 31 AUGUST 2021
## 1 Accounting policies (Continued)
## 1.6 Property, plant and equipment
Property, plant and equipment are initially measured at cost and subsequently measured at cost valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:
Fixtures and fittings 25% Reducing balance Computers 20% Straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
Items of a capital nature costing less than £500 are not capitalised.
## 1.7 Impairment of non-current assets
At each reporting end date, the trust reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## 1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## 1.9 Financial instruments
The trust has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the trust's balance sheet when the trust becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## 1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the trust is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## 1.11 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
- 10 -
## THE CHRISTIAN SCHOOL (TAKELEY)
## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
## FOR THE YEAR ENDED 31 AUGUST 2021
## 2 Critical accounting estimates and judgements
In the application of the trust’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## 3 Donations and legacies
|Unrestricted Unrestricted
Restricted
funds
funds
funds
2021
2020
2020
£
£
£
Donations and gifts
22,465
2,356
12,500
Grants receivable
2,456
15,060
-
24,921
17,416
12,500
Donations and gifts
Gifts and donations
18,676
2,356
12,500
Gift aid
3,789
-
-
22,465
2,356
12,500|Total
2020
£
14,856
15,060|
|---|---|
||29,916|
||14,856
-|
||14,856|
## 4 Charitable activities
School fees
|2021|2020|
|---|---|
|£|£|
|240,556|303,809|
- 11 -
## THE CHRISTIAN SCHOOL (TAKELEY)
## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
## FOR THE YEAR ENDED 31 AUGUST 2021
## 5 Investments
||Unrestricted|Unrestricted|
|---|---|---|
||funds|funds|
||2021|2020|
||£|£|
|Interest receivable|343|654|
## 6 Charitable activities
|Staff costs
Depreciation and impairment
School camp and trips
Books, resources and exam fees
Rent & Rates
Utilities
Insurance
Swimming pool and associated transport
Cleaning
Repairs & maintenance
Training costs
Printing, posting and stationery
Telephone & Internet costs
Licenses & Subscriptions
Sundry expenses
Charitable donations
Bad debts
Share of governance costs (see note 7)
Analysis by fund
Unrestricted funds
Restricted funds|2021
£
207,700
10,294
6,386
4,440
6,913
4,415
4,267
-
4,700
13,170
1,312
1,435
1,463
8,557
173
193
2,790
278,208
2,743
280,951
279,567
1,384
280,951|2020
£
261,585
7,290
2,352
11,937
9,667
5,029
6,460
5,694
4,620
11,292
2,269
2,334
1,333
5,074
378
-
9,894|
|---|---|---|
|||347,208
6,422|
|||353,630|
|||353,630
-|
|||353,630|
- 12 -
## THE CHRISTIAN SCHOOL (TAKELEY)
## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
## FOR THE YEAR ENDED 31 AUGUST 2021
## 7 Support costs
|Support costs|||
|---|---|---|
|Support
costs
Governance
costs
£
£
Legal and professional
-
643
Accountancy
-
1,620
Independent
examination
-
480
-
2,743
Analysed between
Charitable activities
-
2,743|Total
2021
Support
costs
Governance
costs
£
£
£
643
-
4,422
1,620
-
1,560
480
-
440
2,743
-
6,422
2,743
-
6,422|Total
2020
£
4,422
1,560
440|
|||6,422|
|||6,422|
## 8 Trustees
During the year Trustee Mrs C Bowman received a salary of £3,169 (2020: £6,185) for her role as a teaching assistant.
Trustee Mrs K Wilkinson received a salary of £6,994 (2020: £6,994) and the charity made pension contributions of £26 (£NIL) on her behalf for her role as a teaching assistant.
Mrs A Toms, wife of Trustee Mr P Toms, received a salary of £3,075 and the charity made pension contributions of £121 on her behalf for her role as a teaching assistant.
The authority for the employment of Trustees is contained in the Charity's Memorandum and Articles of Association.
Except for the above, none of the trustees (nor persons connected to them) received any remuneration or benefits from the trust during the year.
The total unrestricted donations received from Trustees and related parties during the year was £5,211.
## 9 Employees
The average monthly number of employees during the year was:
||2021|2020|
|---|---|---|
||Number|Number|
|Teaching staff|12|16|
|Learning assistants|3|3|
|Office staff|4|4|
|Total|19|23|
- 13 -
## THE CHRISTIAN SCHOOL (TAKELEY)
## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
## FOR THE YEAR ENDED 31 AUGUST 2021
## 9 Employees (Continued)
|Employment costs
Wages and salaries
Social security costs
Other pension costs|2021
£
197,380
4,814
5,506
207,700|2020
£
248,231
7,103
6,251|
|---|---|---|
|||261,585|
There were no employees whose annual remuneration was more than £60,000.
## 10 Property, plant and equipment
|10
Property, plant and equipment||
|---|---|
|Fixtures
and fittings
Computers
£
£
Cost
At 1 September 2020
37,683
8,566
Additions
14,713
9,901
Disposals
(2,880)
-
At 31 August 2021
49,516
18,467
Depreciation and impairment
At 1 September 2020
20,954
1,713
Depreciation charged in the year
7,321
3,693
Eliminated in respect of disposals
(720)
-
At 31 August 2021
27,555
5,406
Carrying amount
At 31 August 2021
21,961
13,061
At 31 August 2020
16,729
6,853
11
Trade and other receivables
2021
Amounts falling due within one year:
£
Trade receivables
691
Other receivables
889
Prepayments and accrued income
2,575
4,155|Total
£
46,249
24,614
(2,880)|
||67,983|
||22,667
11,014
(720)|
||32,961|
||35,022|
||23,582|
||2020
£
28,463
-
4,895|
||33,358|
- 14 -
## THE CHRISTIAN SCHOOL (TAKELEY)
## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
## FOR THE YEAR ENDED 31 AUGUST 2021
## 12 Borrowings
|Borrowings|||
|---|---|---|
|Bank loans
Payable within one year
Payable after one year|2021
£
50,000
8,333
41,667|2020
£
-|
|||-
-|
The school took out a £50,000 coronavirus Bounce Back loan in October 2020. For the first 12 months no capital repayments or interest were due. From October 2021 onwards interest of 2.5% per annum is charged on the loan. The school is due to repay the loan over 5 years with the last repayment due in October 2026. There are no penalties should the school want to repay the loan early and there are also options for the school to extend the loan term or take repayment holidays should it wish to do so.
## 13 Current liabilities
|13
Current liabilities|||
|---|---|---|
|Notes
Bank loans
12
Other taxation and social security
Payments received on account
Trade payables
Other payables
Accruals and deferred income
14
Non-current liabilities
Notes
Bank loans
12|2021
£
8,333
2,595
50,588
1,735
209
2,100
65,560
2021
£
41,667|2020
£
-
8,974
51,795
18,354
-
2,000|
|||81,123|
|||2020
£
-|
## 15 Retirement benefit schemes
## Defined contribution schemes
The trust operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the trust in an independently administered fund.
The charge to profit or loss in respect of defined contribution schemes was £5,506 (2020 - £6,251).
- 15 -
## THE CHRISTIAN SCHOOL (TAKELEY)
## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
## FOR THE YEAR ENDED 31 AUGUST 2021
## 16 Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
|||Movement in funds|Movement in funds|||
|---|---|---|---|---|---|
||Balance at|Incoming|Resources|Transfers|Balance at|
||1 September|resources|expended||31 August|
||2020||||2021|
||£|£|£|£|£|
|Building and equipment fund|17,510|-|(1,384)|(16,126)|-|
|Movements for the year ended 31 August 2020||||||
|||Movement in funds||||
||Balance at|Incoming|Resources|Transfers|Balance at|
||1 September|resources|expended||31 August|
||2019||||2020|
||£|£|£|£|£|
|Building and equipment fund|31,975|12,500|-|(26,965)|17,510|
## Building and equipment fund
The school received donations in 2019-20 and 2018-19 towards acquiring new buildings and improving the school site plus amounts for the purchase of equipment for the school. The donor specified this use but also stated any residue not used for this purpose could be disbursed to Unrestricted Funds and used for general charitable purposes.
During the year the charity has used up the remaining balance on this fund though improvements to the school and purchases of equipment. This includes work to replace the lawn, partitioning in the school building, a new fibre broadband connection and new computer equipment. The transfers represent items which were capitalised in the year.
## 17 Analysis of net assets between funds
|Unrestricted
Funds
Restricted
Funds
Total
Unrestricted
Funds
Restricted
Funds
2021
2021
2021
2020
2020
£
£
£
£
£
Fund balances are represented by:
Property, plant and
equipment
35,022
-
35,022
23,582
-
Current assets/
(liabilities)
33,777
-
33,777
1,171
17,510
Long term liabilities
(41,667)
-
(41,667)
-
-
27,132
-
27,132
24,753
17,510|Total
2020
£
23,582
18,681
-|
|---|---|
||42,263|
- 16 -
## THE CHRISTIAN SCHOOL (TAKELEY)
## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
## FOR THE YEAR ENDED 31 AUGUST 2021
|18|Related party transactions|||
|---|---|---|---|
||Remuneration of key management personnel|||
||The remuneration of key management personnel is as follows.|||
|||2021|2020|
|||£|£|
||Aggregate compensation|82,239|88,002|
- 17 -