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|||||Unrestdicted|Unrestdicted||
|---|---|---|---|---|---|---|
|||||General|Designated|Total|
||||Notes|Fund|Fund|2019|
|||||||6|
|INCOIylE|||||||
|Donations
and legacies|||||2,677|2,677|
|Charitable
activities||||2,245,982||2,245,982|
|Other trading
income||||22,644||22,644|
|Governments
grants|||||||
|Investment
income||||35,000||35,000|
|Total income||||2,303,626|2,677|2,306,303|
|EXPENDITURE|||||||
|Expenditure
on charitable||activities|||||
|Teaching
and nursery costs||||1,686,895|7,300|1,694,195|
|Premises||||240,114|6,036|246,150|
|Support costs||||266,090||266,090|
|Governance
costs||||8,340||8,340|
|Total expenditure|||8/9|2,201,439|13,336|2,214,775|
|Net gains on investment|||15|25,000||25,000|
|Net income/(expenditure)|for|the year||127,187|(10,659)|116,528|
|Transfers
between funds|||20|(467,550)|467,550||
|Net movement
in funds for the year||||(340,363)|456,891|116,528|
|Total funds at 1 January 2019||||1,547,324|16,743|1,564,067|
|Total funds at 31 December 2019|||20|1,206,961|473,634|1,680,595|
##
||||||2020|2019|
|---|---|---|---|---|---|---|
|||||Notes|6|6|
|Cash flows provided
by/(used||in) operating|activities|25|(81,849)|101,645|
|Cash flows from investing|activities||||||
|Investment
income|||||47,250|35,000|
|Purchase
oftangible assets|||||(43,873)|(20,840)|
|Disposal oftangible assets|||||(136)||
|Net cash provided
by/(used||in) investing|activities||3,241|14,160|
|Cash flows from financing|activities||||||
|Repayment
of bank borrowings|||||(16,297)|(15,514)|
|Loan interest paid|||||(3,982)|(5,261)|
|Cash used in financing
activities|||||(20,279)|(20,775)|
|Net movement
in cash and cash equivalents|||in the year||(98,887)|95,030|
|Cash and cash equivalents|at|the beginning|ofthe year||779,880|684,850|
|Cash and cash equivalents|at the end of||the year||680,993|779,880|
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|4|DONATIONS 8 LEGACIES|DONATIONS 8 LEGACIES|DONATIONS 8 LEGACIES|||2020f|2019
f|
|---|---|---|---|---|---|---|---|
||Donations|||||50|2,677|
|5|OTHER TRADING|INCOME||||2020
f|2019
f|
||Other income|||||224|22,304|
||Costs recharged||||||340|
|||||||224|22,644|
|6|INVESTMENT INCOME|||||2020f|2019
f|
||Rent receivable|||||47,250|35,000|
|7|INCOMING RESOURCES||FROM CHARITABLE|ACTIVITIES||||
|||||2020||2020|2019|
||2020|||Tutorial
f|Childcare
f|Total|Totalf|
||Fees||||1,467,431|1,467,431|2,245,982|
||Less bursaries|||||||
||||||1,467,431|1,467,431|2,245,982|
|8|CHARITABLE ACTIVITIES||COSTS|||||
|||||General|Fund|Designated||
||2020|||Tutorial
f|Childcare
f|Funds|Totalf|
||Teaching/nursery|costs|||1,410,890|192|1,411,082|
||Premises||||196,079|42,602|238,681|
||Support costs||||249,792||249,792|
||Governance
costs||||7,005||7,005|
||||||1,863,766|42,794|1,906,560|
|||||General|Fund|Designated||
||2019|||Tutorial
f|Childcare
f|Fundsf|Total|
||Teaching/nursery|costs|||1,686,895|7,300|1,694,195|
||Premises||||240,114|6,036|246,150|
||Support costs||||266,090||266,090|
||Governance
costs||||8,340||8,340|
||||||2,201,439|13,336|2,214,775|
##
##
|The average|nu|mber|ofe|mployees
in|the year|was|:||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2020|2019|
||||||||||No.|No.|
|Teaching||and|child|welfare staff|||||57|60|
|Others|||||||||8|8|
||||||||||65||
|The number|of|employees||whose emoluments||exceeded f60,000 during the year were:|||||
|660,000 —670,000|||||||||1||
||||||||||2020|2019|
||||||||||8|6|
|Aggregate|employee||costs ofthe senior management|||||team (including|||
|salary,
benefits,||pension||contributions|and national||insurance)||189,791|208,027|
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##
|TANGIBLE FIXEDASSETS||||
|---|---|---|---|
||Freehold Land|Plant and||
||&Buildings|machinery
etc|Total|
||6|6|6|
|Cost||||
|At 1 January 2020|1,445,668|110,297|1,555,965|
|Additions|32,656|11,217|43,873|
|Disposals|(4,708)|(46,799)|(51,507)|
|At 31 December 2020|1,473,616|74,715|1,548,331|
|Depreciation||||
|At 1 January 2020|784,398|92,934|877,332|
|Charge for the year|56,475|13,295|69,770|
|Eliminated
on disposal|(4,708)|(46,935)|(51,643)|
|At 31 December 2020|836,165|59,294|895,459|
|Net Book Value||||
|At 31 December 2020|637,451|15,421|652,872|
|At 31 December 2019|661,270|17,363|678,633|
##
##
##
||||2020|2019|
|---|---|---|---|---|
|Amounts|falling due in more than one year|||8|
|Bank loan|||139,113|156,267|
|LOAN CREDITOR|||||
||||2020|2019|
|The bank|loan is repayable|by instalments:||5|
|-due|after five years||67,859|87,528|
|-due|within two to five years||54,039|52,296|
|-due|within one to two years||17,215|16,443|
|-due|after more than|one year|139,113|156,267|
|-due|within one year||16,829|15,972|
||||155,942|172,239|
##
|MOVEMENT||IN FUN|DS||||||
|---|---|---|---|---|---|---|---|---|
|||||||Net|Transfers||
|2020|||||Balance|movement|between|Balance|
||||||01/01/20|in funds|funds|31/12/20|
|Unrestricted||funds|||||||
|General fund|||||765,531|(30,020)|167,148|902,659|
|Investment|Property||Revaluation||441,430|10,000||451,430|
|Total General||fund|||1,206,961|(20,020)|167,148|1,354,089|
|Designated-||Maintenance||Fund|465,150|(42,602)|(169,548)|253,000|
|Designated-||Parental|Fundraising||2,237|(142)||2,095|
|Designated-||Bursary|||6,247||2,400|8,647|
||||||1,680,595|(62,764)||1,617,831|
|Net movemen|t
in fund|s in|cluded
in the abo|ve are as follows:||||
|---|---|---|---|---|---|---|---|
|||||Incoming|Resources|Revaluation|Movement|
|||||resources|expended||in funds|
|Unrestricted|funds|||||||
|General fund||||1,833,746|(1,863,766)|10,000|(20,020)|
|Designated-|Maintenance||Fund||(42,602)||(42,602)|
|Designated-|Parental|Fundraising||50|(192)||(142)|
|Designated-|Bursary|||||||
|||||1,833,796|(1,906,560)|10,000|(62,764)|
##
##
##
##
|RECONCILIATION|O|F NET EX|PENDITURE|TO NET CASH FLOW F|ROM OPERATIONS||
|---|---|---|---|---|---|---|
||||||2020|2019|
||||||6|5|
|Net movement
in funds|||||(62,764)|116,528|
|Depreciation
charge|||||69,770|80,205|
|Gains on investments|||||(10,000)|(25,000)|
|Investment
income|||||(47,250)|(35,000)|
|Interest payable
Decrease/(increase)|in|debtors|||3,982
7,208|5,261
(6,781)|
|(Decrease)/increase|in|creditors|||(42,795)|(33,568)|
|Net cash flows provided||by/(used|in) operating|activities|(81,849)|101,645|
##