## 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
EX￿ndItU
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 Inte￿st
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 p￿vIoUSly 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 FOrw￿d
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
- Furni￿re & Equipment
- Admi'n. Computer Support
- T¢lephone
Postage
- Siationery & Materials
- Printing
- Other
Sp￿la1 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