The London Nautical School Fund; Report for 2020/2021
The London Nautical School Fund; charity number 1175001 operates from 61 Stamford Street London SE1 9NA.
The fund is manged by the finance staff of London Nautical School and its accounts are audited alongside the school public funds accounts. The trustees are chosen on the basis of their individual skills to assist the objectives and from a cross section of interested parties for example staff and parents.
The Charity receives donations from parents and some Maritime industry benefactors – the funds are distributed to support for example, but not limited to the teaching of Nautical Studies / sailing; provision of IT equipment and support for other sporting and extracurricular activities for the students of London Nautical School. The London Nautical School is a state funded secondary school based in Inner London.
The charity relates to our non-public fund account which is used to provide extras for the students as above, which are not covered within the school publicly funded budget.
For the year 2020/2021 £32,339 was distributed for the benefit of the students at London Nautical School against an income of £29,681
Date: 0710512021 Tlme: 14.'08:12 The London Nautical School Profit and Loss Page: From: To: Month I, April 2020 Month 12, March 2021 Chart of Accounts: Cefault Layout of Accounts Perlod Year to Date Income Income 29,681.42 29,681.42 29,681.42 29,681.42 Trlps etc Trips etc 31,259.45 31.259.45 31,259.45 31,259.45 Expenditure EXndItU 1,080.23 1,080.23 1,080.23 1,080.23 Dss Profitl(Loss): Suspenselmispostings (2,658.26) (2,658.26) 0.00 Net Pn)fitl{Loss): {2,658.261 (2,658.26)
Date: 3110312021 Tlme: 10:58;28 The London Nautical School Period Trial Balance Page: To Period: Nonth 12, March 2021 Name Bank Current Account Uoyds Profit and Loss Account Dofiations In Bank Intest Music Lesson INC Jack Petchey INC School Fund DofE INC GCSE MATHS BCOKS INC GCSE ENGUSH B(J)KS INC GCSE SCIENCE BCQKS inc Misc Trips Income Lisbon Swrts Tour 2020 - INC DofEExp Sports Hall English bc#Jks Lisbon Sports Tour 2020 EXP EventslHospitslty Parentpay Charges Miscellaneous ExtEnses Jack Petchey EXP Donations Out Credlt 1205 32C 25.928.62 28,586.88 101,42 6.13 4cKJ2 4003 4004 320.C(J 5,483.lJ) 1.740.C(J 4077 4091 4092 4093 490L 4902 5003 5032 5059 5088 75.00 191.00 265.94 1.98 10.00 22,300.91 1,684. 5,807.C(I 501.49 23,266.96 498.96 169.15 21.12 150.DJ 241.C(I 6021 6030 6100 8024 Totsls: 58 675.28 58 675.28
THE LONDON YAUTICAL SCHOOL ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021
THE LOIYDON NAUTICAL SCHOOL CONTENTS Page Revenue tncome and Expenditure Accouat Capital Income and Expenditure Account Balancc Sheel Notes to the AccoLwts Accountant's Report Appendix A Accounting Policies Appendix B Statement of GovernoTb' Financial Responsibilities Appendix C
I'HE LONDOIN Yi AUI'ICAL SCHOOL REVENUE I,YCOME AND LXPENDITURE ACCOUNT FOR THE YEAR EiYDED 31 MARCH 2021 2020121121 201912020 NON PUBLIC NOTES PUBLIC PUBLIC PUBLIC (R¢stated) REVENUE IP4COME Funds Delegatcd by LA Specific Central Funds Other li¢ceipts 29,681 48.043 29,681 48,043 REVENUE EXPEIWITURE Staff Salary Costs Staff Related Costs Premises and SÉte Costs L¢arning Resources Costs Other Supplies & S¢ryices Capital Financing (E30) 24.951 7,388 99.422 8,525 32.339 Revenue (Defi¢ilySurplus For Year (2,658) 10.096 Revenue Balance BrougEIt Forward As pvIoUSly Stated - Prior Y¢ar Adjustment 28,587 18.491 14 Revenu¢ Balance Carried Forward 25,929 ?8,587 Pag¢ I
THk LONDON NAUTICAL SCHOOL CAPITAL IIICONIE AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021 202012021 NON PUBLIC 201912020 PUBLIC PUBLtc PUBLIC CAPITAL INCOMF. C¢tpitaL Income Loans Private Income Direct Revenue Financing (cioi) (C102) (C103) (Cll)4) Totsl Capitsl Jncome CAPITAL EXPENDITURF Acquisition of Land and Buildings (Cbol) New Constrnctton and Renovation (CE02) Vehicles, Plant & Equipm¢nt (CE03) ICT Technology (CE04) Totsl Capital Expenditure Capit&l Surplus/(D¢fi¢it) For Year Capital Balance Brougbi FOrwd Capital Balance Carried Forward £0 £0 Page 2
THE LONDOLY I%AUTICAL SCHOOL BAI.ANCE SHF,F.T AS AT 31 MARCH 2021 202012021 NON PUBLIC 201912020 NON PL'BLIC NOTES PUBLIC PUBLIC (Restated) CURRENT ASSETS Stock Dcbtors and Prepa)TnenLS Cash Bank and In Hand 20,951 25.514 iu 25,929 25.929 46,465 CURRENT LIABILrriES Creditors and Accruals li (17,878> NET CURRENT ASSETS 25,929 28,587 LONG TERM LIABILITY Loan from Loc&1 Authority 14 £25,929 £28,587 REPRESENTED BY Retained E8mingts iommitted Revenue Balances IBOI) Uncommitted R¢venue Balances (B02} Devolved FornLula Capiial Balances (B03) Other Standards Fund Capitsl Bal2n¢¢s (B04) Other Capital Balances (B05) Closing Balan¢¢ 25,929 28.587 £28.587 Approved by thc Govcrning Body alld signed on its b Signcd: Chair of Governing Body Sign¢d: vai¢'. Headm8St¢r Page 3
THE I,ONDOTrI NAUTICAL SCHOOL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021 202012021 201912020 Nori, PUBLIC PUBLIC PUBLIC PUBLIC (Restated) I. FUNDS DELEGATED BY LA Fonnula Budgcl Sbarc (ioi) 2. SPECIFIC CENfRAL FUNDS Sixth Form Funding SLN bunding Pupil Premiuftn Other Govenmnent Graots Other Grants & Payments Received Additional Grant for Schools {102} (103) (105) (106) (107) (118) 3. OTHER RECEIwrs Income from Facilities & Services - Income from Lettings - Tuition Fees TeaGher Trdining Other Income Insurance Claims Reccipts (Other) Income from Contributions to Visits etc Donationg and Privafr Funds - School Account Other Income (108) (Ei i) (T12) (113) 22291 26.201 7,390 21,842 29.681 48,043 Page 4
THE LONDON NAUTICAL SCHOOL A OTES TO THE ACCOUINTS FOR THE YEAR ENDED 31 MARCH 2021 202012021 NON PUBLIC 201912020 NON PUBI.IC PUBLIC PUBLIC 4. STAFF SALARY COSTS TeaLhing Staff Salaries Supply Salary Costs Agency Supply Educational Support Staff PTcmises Staff Athninistrative Staff Catering Staff Other stsff (EOI) (E02) {E26) (E03) (E04) (E05) (E06) (E07) 5. STAFF RELATED COSTS luditect Employee Expenses Staff Development & Trnining Supply Teacher Insurance Staff Related Insurattce (E08) (E09) (Eio) (El l) 6. PREMISES AND SITF COSTS Maintenance of Premises Grounds Maintenance leaning and Caretaking Watei and Sewerage Energy Rates Other Occupation Costs - Sports Field & Matina Hire - Security - Refuse, Hygicne, H&S Insurance (E12) (E13) (E14) (E15) (E16) (E17) (E18) Page 5
THE LONDON NAUTICAL SCHOOL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021 202012021 NON PUIILIC PUBLIC PUBLIC 201912020 NON PUBLIC 7. LEARNING RESOURCES COSTS Learning R¢sourc¢s {uot ICT) - Books. Equipment & Materials - Coaches & bus hire - Trips - Bursary Fund Expenditure ICT Leaming R¢sources Exam Fees Professional Fees - Curriculum (El9; 24,951 29.422 (E20 (E21 (E27 24,951 29,422 8. OTHER SUPPLIES & SERVICES Administration Supplies - Furnire & Equipment - Admi'n. Computer Support - T¢lephone Postage - Siationery & Materials - Printing - Other Spla1 Fa¢ilities- School Unilorni (E24 Catering Supplies {E2: Professional Fees - Other IE2 Lnan Jntrest (E21 {E22 7,388 8.525 7,388 8,525 Page 6
THE LONDON NAUTICAL SCHOOL OTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021 202012021 NON PUBLIC 201912020 NON PUBLIC PUBLIC PUBLIC 9. DEBTORS & PRF.PAYMFIYTS Sales Ledger Debtors VAT Due Other D¢btors Prepayments Illter fimd Debtor 5,951 15,000 20,951 10. CASH AT BANK KN HAND Bank Current Account- Lloyds Cash in Hand 25,929 25,514 25,929 25,514 I I. CREDITORS & ACCRUALS Purchasc ledger creditors Payroll Control Account Aecruals other Creditors Int¢r fund Crediior Deferred tncon]e - Trips & Activities DefeTred Iniume - Others 12,395 5.483 17.878 12. OPERATINI G LEASE COMMITMI The totsl comrnitment under op¢rating lease expires. as follows- d according hich the Within one year Bclw¢¢n two and five years After five years Page 7