This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

PDF
Markdown

2020-09-30-accounts

Reference and Administrative Details	Reference and Administrative Details
Tntstees' Report		2 to 5
Statement ofTmstees'	Responsibilities
Independent Auditors'	Report	7to 9
Statement ofFinancial	Activities	10
Balance Sheet
Notes to the Financial	Statements	12to 19

		Bingley Grammar		School	Foundation	Foundation	CIO
		Reference and	Administrative			Details
Charity Registration	Number	IIB0077
Trustees		Mr Chris Quinn (Chair)
		Mr Malcolm Ross		(resigned	I December 2020)
		Mrs Julia Lister (resigned 17September 2020)
		Mr Paul Patchett
		Dr Jean Holdgate	(resigned		17September		2020)
		Mr Chris Condcrson
		Mr Andrew Cooke
		Mr Paul Freer
		Mr Brent Fitzpatrick
		Mr John Tucker
Clerk		Mrs Pam Helyar
Principal Office		Bingley Grammar		School
		Keigh(ey Road
		Bingley
		West Yorkshire
		BD162RS
Solicitors		Gordons
		I New Augustus	Street
		Bradford
		West Yorkshire
		BDI SLL
Bankers		Barclays Bank PLC
		152Main Street
		Bingley
		West Yorkshire
		BDI62HS
Auditor		Watson Buckle Limited
		Statutory Auditor	&Chartered Accountants
		York House
		Bradford
		BD16IPE

				Unrestricted	Unrestricted	funds
					Revaluation		Total	Total
				General		reserve	2020	2019
			Note			t	8
Income and endotvments		from
Investments			2	5,321			5,321	6,018
Charitable activities			3	115,024			115,024	129,015
Other income			4	250			250
Total income and	endowments			120,595			120,595	135033
Expenditure
Raising funds			5	(35,142)			(35,142)	(62,830)
Charitable activities			6	(12,306)			(12,306)	(19,562)
Total expenditure				(47,448)			(47.4483	~(82.39
Net income				73,147			73,147	52,641
Gains/losses on investment		assets				5,500	5,500	6,872
Net movement in funds				73,147		5,500	78,647	59,513
Reconciliation offunds
Total funds brought	forward			1,306,224	12,239,657		13,545,881	13,486,368
Total funds carried	fonvard			1,379371	12,245,157		13,624,528	13,545,881

			Balance Sheet as at 30	September 2020
					2020		2019
				Note
Fixed assets
Investments				8	13,441,883		13,035,200
Current assets
Debtors				9	49,512		49,263
Cash atbank		and in hand			156,764		484,364
					206,276		533,627
Creditors: Amounts			falling due within one year	10	(23,631)		(22,946)
Net current	assets				182,645		510,681
Net assets					13,624,528		13,545,881
Funds ofthe		charity:
Unrestricted		incotne	funds
General funds				12	1,379,371		1,306,224
Revaluation	reserve			12	12,245,157	'	12,239,657
Total funds				13	13,624,528		13,545,881

		Unrestricted
			Total	Total
		General	2020	2019
Interest receivable and similar inconie;
Interest receivable	on bank deposits	178	178	1,535
Income fiom listed	investments	5,143	5,143	4,483
		5,321	5,321	6,018

			Unrestricted	Total	Total
			Funds	2020	2019
Income fiom investment		properties	113,934	113,934	108,970
Insurance	recharge		1,090	1,090	12,030
Repairs recharge					8,015
			115,024	115,024	129,015

4 Other incom	e
					Unrestricted
					funds	Total
					General	2020
						g
Bank compensation					250	250
5 Expenditure	oa	raising funds
					Total	Total
			Direct	costs	2020	2019
			f.			K
Ground rent				350	350	350
Portfolio management		costs	13,563		13,563	14,104
Property repairs				9,983	9,983	17,910
Insurance				7,496	7,496	11,335
Legal fees				3,750	3,750	18,901
Property Expenses						230
			35,142		35,142	62,830

Expe	nditure on Cha	ritable Activities
			Unrestricted
			funds
				Total	Total
			General	2020	2019
Grant	funding		4,300	4,300	4,100
Audit	ofthe financial	statements	3,000	3,000	3,100
Other	fees paid to auditors		1,980	1,980	2,000
Cost	ofspeech day		3,026	3,026	10,362
			12,306	12,306	19,562

Grants to	individuals
2020	2019
4,300	4,100

		Investment	Other
		properties	investments	Total
Market value
At 1 October 2019		12,910,000	125,200	13,035,200
Additions			401,183	401,183
Revaluation			5,500	5,500
At 30September 2020		12,910,000	531,883	13,441,883
Net book value
At 30September 2020		12,910,000	531,883	13,441,883
At 30September 2019		12,910,000	125,200	13,035,200
All investment	assets were held in the UK.

9 Debtors
	2020	2019
Trade debtors	42,408	43,313
Prepayments	7,104	5,950
	49,512	49,263

10 Credi	tors: am	ounts falling	due within one year
				2020	2019
Trade creditors				3,812	97
Other creditors					500
Accruals				5,271	7,995
Deferred	income			14,548	14,354
				23,631	22,946
				2020	2019
Defen cd	income at 1 October 2019			14,354	14,495
Resources	deferred	in the period		14,548	14,354
Amounts	released	from previous	periods	(14,354)	(14,495)
Deferred	income at year end			14,548	14,354

	2020	2019
Not later than one year	31,007	42,406
Later than one year and not later than five years	29,289	42,276
Later than five years	3,478	8,101
	63,774	92,783

12 Funds
					Other	Balance at 30
		Balance at I	Incoming	Resources	recognised	September
		October 2019	resources	expended	gains/0osses)	2020
		g		K
Unrestricted
General		1,306,224	120,595	(47,448)		1,379,371
Revaluation	reserve	12,239,657			5,500	12,245,157
Total funds		13,545,881	120,595	(47,448)	5,500	13,624,528
					Other	Balance at 30
		Balance at I	Incoming	Resources	recognised	September
		October 2018	resources	expended	gains/(losses)	2019
					8
Unrestricted
General		1,253,583	135,033	(82,392)		1,306,224
Other		12,232,785			6,872	12,239,657
Total funds		13,486,368	135,033	(82,392)	6,872	13,545,881

		Unrestricted
		funds
		General
		funds	Total funds
		8
Fixed asset investinents		13,441,883	13,441,883
Cunent	assets	206,276	206,276
Current	liabilities	(23,631)	(23,631)
Total net assets		13,624,528	13,624,528