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2021-10-31-accounts

SCHOOL IN A BAG No 1186357
N 11916624
Annual accounts for the eriod
Penod end
Period start date 01/11/2020 To date 31/10/2021
0X
sruc Restricted
Unrestricted income Endowment Prior year
Recommended
categories		 by activity (9 funds
f		 funds
f		 funds
f		 Total funds
f		 funds
Income (Note 3) F01 F02 F03 F04 F05
Income and endowments from:
Donations
and legacies		 601 88,028 70,268 158,296 61,104
Charitable
activities		 602
Other trading
activities		 S03 8,541 400
Investments S04
Separate material
item of		 income S06
Other S05
Total SOT 96,569 70,268 166,837 61,504
Expenditure
(Notes 6)
Expenditure
on:
Raising funds SOS 8,781 8,781
Charitable
activrties		 S09 157640 157,640
Separate
material expense
item		 610
Other 611
Total S12 166,421 166,421
Net income/(expenditure) before tax for
the reporting
period		 S13 (69,852) 70,268 416 61,060
Tax payable S14
Net income/(expenditure) after tax
before investment
Nal gains/(losses)
on		 gains/(losses) 615 (69,852) 70,268 416 61,060
investments 616
Net income/(expenditure)
Extraordinary
items
Transfers
between funds		 S17
616
619		 (69,852
56,932		 70,268 416
56,932		 61,060
Other recognised gains/(losses):
Gains and losses on revaluation offixed assets for the
chanty's
own use		 620
Other gains/(tosses) S21
Net movementin funds 12,920 70,268 57,348 61,060
Reconci%ation of
funds:
Total funds
brought
forward
Total funds carried fort/t/ard		 623
624		 61,060
48,140		 70,268 61,060
118,408		 61,060

Note 2 Accounting
policies
2.2 INCOME
Recognition ofincome These are included
in the Statement of Finanoal
Activities (SoFA) when
~
the charity becomes entitled to the resources;
it is more likely than not that the trustees
will receive the resources;
~
the monetary
value can be measured
with sufficient
reliability
Offsetting There has been no offsetting
ofassets and liabilities,
or income and expenses,
unless
required
or permiffed
by the FRS 102SORP or FRS 102.
Grants and donations Grants and donations
are only included
in the SoFA when the general income recognition
cntena are met (5.10to 5 12FRS102SORP).
In the case of performance
related grants,
income must only be recognised to the extent
that the charity has provided
the specified goods or services as entitlement
to the grant
only occurs when the performance
related conditions
are met (5.16FRS 102SORP)
Legaoes are included
in the SOFA when receipt is probable,
that is, when there has
Legacies been grant of probate,
the executors have established
that there are sufgcient assets
in
the estate and any conditions
attached
to the legacy are either vsthin the control of the
chanty or have been met
Government grants The chanty has received government
grants
in the reporting
penod
Gift Aid receivable
is included
in income when there isa valid declaration
from the donor.
Tax reclaims on Any Gift Ard amount recovered on a donation
is considered
to be part ofthat gift and		 is
donations and gifts treated as an addition
to the same fund as the initial donation
unless the donor or the
terms ofthe appeal
have specified otherwise.
Contractual income and This is only included
in the SoFA once the chanty has provided
the related goods or
performance related services or met the performance
related conditions.
grants
Debated goods Donated goods are measured
at fair value (the amount for which the asset could be
exchanged)
unless impractical
to do so
The cost ofany stock ofgoods donated for distribution
to beneficiaries
is deemed to		 be
the fair value ofthose gifts at the time oftheir receipt and they are recognised
on receipt.
In the reporting
period
in which the stocks are distributed,
they are recognised as an
expense at the carrying
amount ofthe stocks at distribution.
Donated goods for resale are measured
at fair value on initial recognition,
which
is the
expected proceeds from sale less the expected costs ofsale, and recognised
in 'Income
from other trading
activities'
with the corresponding
stock recognised
in the balance
sheet.
On its sale the value ofstock is charged against 'Income from other trading
activities'
and the proceeds
from sale are also recognised as 'Income from other trading
activities'.
Goods donated
for on-going use by the chanty are recognised as tangible
fixed assets
and mcluded
in the SoFA as incoming
resources
when receivable.
Gifts in kind for use by the charity are included
in the SoFA as income from donations
when receivable.
Donated services and Donated services and facilities are ncluded
in the SOFA when received at the value		 of
facgitles the gift to the charity provided
the value ofthe gift can be measured
reliably.
Donated services and faalities that are consumed
immediately
are recognised as income
with an equivalent
amount
recognised as an expense under the appropnate
heading		 in
the SOFA.
Supportcosts The chanty has incurred
expenditure
on support costs
Volunteer help The value ofany voluntary
help received is not included
in the accounts
but is descnbed
in the trustees'
annual
report.
Income from interest, This is induded
m the accounts when receipt is probable and the amount receivable can
royalties
and		 royalties
and		 dividends be measured
reliably.
Income from membership Membership
subscnptions
received
in the nature
ofa gift are recogmsed
in Donations
subscriptioris and Legames
Membership
subscnptions
which gives a member the nght to buy services or other
benefits are recognised as income earned from the provision ofgoods and services as
income from charitable
activities.
Settlement
claims		 of insurance Insurance
claims are only included
in the SoFA when the general income recognition
critena are met (5 10to 5.12FRS102SORP) and are included as an item ofother
income
in the SoFA.
Investment
losses		 gains and This includes
any realised or unrealised
gains or losses on the sale of investments
and
any gain or loss resulting
from revalumg
investments
to market value at the end ofthe
year.
2.3 EXPENDITURE AND LIABILITIES
Liabilities are recognised
where
it is more likely than not that there is a legal or
Liability recognition constructive
obligation
committing
the charity to pay out resources
and the amount
obligauon
can be measured
with reasonable
certainty.		 ofthe
Governance and support Support costs have been allocated
between
governance
costs snd other support
costs Governance
costs comprise
ag costs involving
public accountability
ofthe charity and its
compliance
with regulation
and good practice
Support costs include central functions
and have been allocated to activity cost
categones
on a basis consistent
vsth the use ofresources, eg allocating
property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their usage
Grants with performance Where the charity gives a grant wdh conditions
for its payment
being a spemfic level of
conditions service or output to be provided,
such grants are only recognised
in the SoFA once		 the
rempient ofthe grant has provided
the spemfied service or output
Grants payable without Where there are no condaions
aNaching
to the grant that enables the donor charity		 to
performance conditions realistically
avoid the commitment,
a liability for the full funding
obligation
must be
recognised.
Redundancy cost The chanty made no redundancy
payments
dunng the reporting
period.
Deferred income No matenal
item ofdeferred
income has been included
in the accounts
Creditors The charity has creditors which are measured
at settlement
amounts
less any trade
rjiscourits
A liabdity is measured
on recognition
at its histoncal cost and then subsequently
Provlsfons for liabilities measured
at the best estimate ofthe amount
required
to settle the obligation
at the
reporting
date
Basic financial
Instruments		 The chanty accounts for basic financial
instruments
on initial recogmtion as per
paragraph
10.7FRS102SORP
Subsequent
measurementis
as per paragraphs
11.17
to 11.19,FRS102SORP.
2.4ASSETS
Tangible fixed assets tor These are capitalised
ifthey can be used for more than one year, and cost at least
use by charity
They are valued at cost
The depreciation
rates and methods
used are disclosed
in note 14.
The chanty has intangible
fixed assets, that is, non-monetary
assets that do not have
Intangible
fixed assets		 physical substance
but are identifiable
and are controlled
by the chanty through
custody
or legal nghts
The amortisation
rates and methods
used are disclosed
in note 15.
They are valued atcost
The chanty has hentage assets, that is, non-monetary
assets with histonc, artistic,
Heritage assets scientific, technological,
geophysical
or environmental
qualities
that are held
and
maintained
pnncipagy
for their contribution
to knowledge
and culture
The depreciation
rates and methods
used as disclosed
in note 16
They are valued atcost
Fixed asset investments
in quoted shares, traded
bonds and similar investments
are
Investments valued at initially at cost and subsequently
at fair value (their market value) at the year
end
The same treatment
is applied
to unlisted
investments
unless fair value cannot be
measured
reliably
in which case it is measured
at cost less impairment.
Investments
held for resale or pending
their sale and cash and cash equivalents
with a
Note 3 Income Income Income
Restricted
Unrestricted income Endowment
Analysis of income funds funds funds Total funds
f		 Prior year
f
Donations Donations and ifts 87629 70268 157 897 61,104
and legacies: Gift Aid 399 399
Le acies
General grants
provided		 by governmengother
charities
Membership subscriptions and sponsorships
which are in substance donations
Donated cods, facilities and services
Other
Total 88,028 70,268 158,296 61,104
Charitable
activities:
Other
Tote I
Other trading Annual Festival
activities:
Annual SIAB Events
Other Events 8 541 8 541 400
Other
Total 8,541 8 541 400
Income from Interest income
investments: Dividend income
Rental and leasin income
Other
Total
Separate
material item
of income
Total
Other: Conversion of endowment funds into income
Gain on disposal of a tangible fixed asset held
for chari 's own use
Gain on disposal ofe programme related
investment
Royalties from the exploitation of intellectual
ro e n hts
Other
Total
TOTAL INCOME 96569 70268 166 837 61 504
Other information:
Ag income in the prior year wss unrestricted except for:
(please provide description and amounts)
Note 6 Expenditure Expenditure Expenditure Expenditure Expenditure
This year Lastyear
Restricted Reetdicted
Unrestricted income Endowment Unreetdcted income Endowment
Analysis funds funds funds Total funds funds funds funds Totelfunds
Expenditure
on raisin		 funds:
Incurred
seeking donations
Incurred
seeking legacies
Incurred
seeking grants
Operating
membership		 schemes and social
lotteries
Staging fundraising
events		 5,395 5,395
Fudraising
agents
Operating
chanty shops
Operating
a trading
company		 undertaking
non-charitable
tradin
activi
Advertising,
marketing,		 direct mail and
pubkcity
Start up costs incurred
in generating		 new
source offuture income
Database development costs
Other trading
activities
Investment
management		 costs:
Portfolio management
costs
Cost ofobtaining
investment		 advice
Investment
administration		 costs
Intellectual
property
licencing		 costs
Rent collection,
property		 repairs and
maintenance
charges
Supportcosts 3,386 3386
Total expenditure
on raising		 funds 8,781 8,781
Expenditure
on charitable		 activities:
School Bags 157,640 157640
Total expenditure
on charitable		 activities 157,640 157,640
Separate material
item		 ofexpense
Total
Other
Administration
costs		 444 444
Total other expenditure 444 444
TOTAL EXPENDITURE 166,421 166,421 444 444
Analysis ofexpenditure on charitable activities
This year Last year
Activity or programme Activities
undertaken
directly		 Grant
funding
of
activities		 Support
Costs		 Total this
year		 Activities
undertaken
directly		 Grant
funding
of
activities		 Support
Costs		 Total last
year
School Ba s 96858 60,782 157640
Other
Total 96,858 60,782 157,640

This year Last year
Description E F
Extraordinary item 1 Transfer from charity Piers Simon Appeal (charity no
1109503)-cash less accrued income
39,929
Extraordinary item 2 Transfer from Piers Simon Appeal (charity no 1109503)-
value ofstock
26,151
Extraordinary item 3 Transfer from Piers Simon Appeal (charity no 1109503)-
assets at written down value
5 776
Extraordinary item 4 Transfer to Piers Simon Appeal (charity no 1109503)-
Piers Simon Appeal employee and PAYE paid by School
in a Bag 14,924
Total extraordinary items 56 932

Raising funds Activi 1 Activi 2 Activity 3 Grand total Basis ofallocation
Support cost
exam les (Describe method)
Governance
Wages 1,864 33,463 35,327
Admin costs (incl 1,522 27,319 28,841
governance)
Other
3,386 60,782 64,168
Total

Last year Last year
Support cost
Raising funds		 Activity 1 Activity 2 Activity 3
Grand total		 Basis ofallocation
exam
les		 E E
E		 (Describe method)
Governance
Other
Total
Please provide details ofthe accounting policy The nature of the Charity means costs are not specifically
incurred		 for
adopted for the apportionment ofcosts between eachy activity. Therefore the Charity has adopted e notional basis of
activities and any estimation techniques used to apportionment, based on expenditure incurred on fund-raising
calculate their apportionment. activities and charitable activities.

Number ofemployees
This year Last ear
This year Last year

Total amount of payment
The nature ofthe payment (cash, asset
etc.)
e pe riod.
This year Last year
This year Last year
Freehold land & Other land & Plant, machinery and Fixtures, fittings and Total
buildings buildings motor vehicles equipment
At the beginning of
the year
Additions 5,160 616 5,776
Revaluations
Dieposals
*
Transfers
At end of the year 5,160 616 5,776
14.2 Depreciation and impairments
**Basis
25% SL 33%SL
"*Rate
At beginning ofthe
year
Disposals
Depreciation 1,290 205 1,495
Impairment
Transfers*
At end ofthe year 1,290 205 1,495
14.3 Net book value
Net book value at the
beginning of the year
Net book value at the 3,870 411 4,281
end ofthe year
Stock Donated goods
Work in
For For resale For For resale progress
distribution distribution
Charitable activities:
Opening 426
Added in period 27,679
Expensedin period 426
Impaired
Closing 27,679
Other trading activities:
Opening
Addedin period
Expensedin period
Impaired
Closing
Other:
Opening
Addedin period
Expensedin period
Impaired
Closing
Total this year 27,679
Total previous year

Trade debtors
Prepayments and accrued income
Other debtors
Trade debtors
Prepayments and accrued income
Other debtors
ed
in		 debtor s abov e)
This year Last year
Total

20.1 Analysis ofcredito rs
Amounts falling due Amounts falling due after
within one year more than one year
This year Last year This year Last year
F
Accruals for grants payable
Bank loans and overdrafts
Trade creditors 5,536
Payments
received on		 account for contracts
or performance-related grants
Accruals and deferred income 19,863
Taxation and social security 962
Other creditors 272 5,000
Total 26,633 5,000

This year Last year
Please explain the reasons whyincome is Income for the Home Farm
deferred. Fest 15festival which takes
place in June 2022 has
been deferred at 31
October 2021
Movement in deferred income account This year Last year
IL
Balance at the start ofthe reporting period
Amounts added in current period 19,863
Amounts released to income from previous periods
Balance at the end ofthe reporting period 19,863
ditors and other basic financial
in		 struments
This year Last year
The charity has no significant
instruments other than short
term creditors
Note 24
Cash at bank and		 in hand
This year Last year
Short term cash investments (less than 3months maturity date)
Short term deposits
Cash at bank and on hand 112,432 65,634
Other
Total 112,432 65,634
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