2020-08-31-accounts

	PAGE
LegalandAdministrativeInformation	1
Trustees'Report	3
StatementofTrustees'Responsibilities	9
ReportoftheIndependentAuditors	10
StatementofFinancialActivities	12
BalanceSheet	13
CashFlowStatement	14
NotestotheFinancialStatements	15

Trustees	MarieJoanFulgoney(SisterMaryAndrew)
	JoanForristal(SisterMaryPatrick)
	MaryCatherineMurphy(SisterCatherine)
	ZitaFogarty(SisterZita)
Governors	MrsNByfield(Chairman)
	MrsMBenham-Hemetz
	MrFGainsbury
	MrNMills
	MrPNavier
	MrTRolph
	MrsJStephenson
	MrNThomas
SeniorManagementTeam
Head	MrsMSyred
AssistantHeads	MrKNewman
	MrsDHepburn
Bursar	MrsLHopkins
Charitynumber	229394
Principaladdress	TheTowersConventSchool
	UpperBeeding
	Steyning
	WestSussex
	BN443TF
Auditors	TCGroup
	TheCourtyard
	ShorehamRoad
	UpperBeeding
	Steyning
	WestSussex
	BN443TN
Bankers	BarclaysBankPlc
	139NorthStreet
	Brighton
	EastSussex
	BN11RU

HeadTeacher	MrsMSyred
SeniorManagementTeam	MrKNewman
	MrsDHepburn
Bursar	MrsLHopkins
ClerktotheGovernors	MrsLCrick

SisterMaryAndrewFulgoney*		TrusteeandGovernor,participatesinacademicstaff
		interviewpanels.
		Responsibility-Educationissues-RE/Worship/Liturgies
		/Chaplaincy
SisterMaryPatrickForristal*		GovernorandTrusteeresponsibleforPersonal,Health
		andSocialEducation,HealthandSafety/Welfare.Also
		offerspastoralsupporttostaff,parentsandpupils
SisterMaryCatherineMurphy*	-	Education-Pastoral/ModernLanguages
SisterMaryZitaFogarty*	-	Adviser
NikkiByfield		ChairofGoverningBody-HRandPersonnel/Education-
		Humanities/MarketingandParentalContact
NeilThomas		FoundationGovernor-Education-CreativeArts-
		GeographyandHistory
FrankGainsbury	-	Governor-PremisesandMaintenance
		Responsibilities/Health&Safety
MargaretBenham-Hermetz	-	Governor-Legalresponsbilities/SENCOGifted&
		TalentedPupils—Art/DT-FoodTechnology
JaneStephenson		Governor-Education-Literacy
		EYFS/JuniorSchool
MrNMills		ParentGovernor
TonyRolph		Maths/Finance
PhilipNavier		PTATreasurer/Science

	Notes	Unrestricted	Restricted	Designated	Total	Total
		Funds	Funds	Funds	2020	2019
		£	£	£	£	£
INCOMEFROM:
Donationsandlegacies	7	75,295		-	75,295	100,579
Grants	8	-	41,920		41,920
Othertradingactivities	9	38,528			38,528	80,745
Investments	10	35,423	131	915	36,469	54,120
Charitableactivities	11	883,054			883,054	1,735,385
Totalincome		1,032,300	42,051	915	1,075,266	1,970,829
EXPENDITUREON:
Raisingfunds		1,043			1,043	579
Charitableactivities		2,280,045	41,981		2,322,026	2,271,482
Totalexpenditure	12	2,281,088	41,981		2,323,069	2,272,061
Netincome/expenditurebefore
transfersandinvestmentgains/losses		(1,248,788)	70	915	(1,247,803)	(301,232)
Gains/lossesoninvestments	16	(91,389)	67		(91,322)	18,931
Netincome/expenditure		(1,340,177)	137	915	(1,339,125)	(282,301)
Transfersbetweenfunds	21	13,203	(13,203)
Netmovementinfunds		(1,326,974)	(13,066)	915	(1,339,125)	(282,301)
Fundbalancesbroughtforward		4,951,290	13,066	593,582	5,557,938	5,840,239
Fundbalancescarriedforward	21	3,624,316	-	594,497	4,218,813	5,557,938

	Notes	2020		2019
				E	:E
FIXEDASSETS
TangibleAssets	15	2,747,831		2,882,938
Investments	16	300,621	3,048,452	1,306,101	4,189,039
CURRENTASSETS
Debtors	17	32,655		220,027
Cashatbankandinhand		1,189,468		1,255,771
		1,222,123		1,475,798
CURRENTLIABILITIES
Creditorsduewithinoneyear	18	(51,762)		(106,899)
NETCURRENTASSETS			1,170,361		1,368,899
TOTALASSETSLESSCURRENTLIABILITIES			4,218,813		5,557,938
NETASSETS			4,218,813		5,557,938
REPRESENTEDBY:
RESTRICTEDFUNDS	21				13,066
UNRESTRICTEDFUNDS
Generalfunds	21	3,624,316		4,951,290
Designatedfunds	21	594,497	4,218,813	593,582	5,544,872
			4,218,813		5,557,938

	Notes	2020		2019
Cashflowsfromoperatingactivities:
Netincome/expenditurefortheyear		(1,339,125)		(282,301)
Adjustmentsfor:
Depreciationcharges	15	134,646		139,046
Dividends,interestandrentsfrominvestments	10	(36,469)		(54,120)
Loss/(profit)fromsaleoftangiblefixedassets		462		-
Loss/(gains)frominvestments	16	91,322		(18,306)
Decreaseindebtors		187,372		39,364
Decreaseincreditors		(55,137)		(134,123)
Netcashprovidedby/(usedin)operatingactivities			(1,016,929)		(310,440)
Cashflowsfrominvestingactivities:
Dividends,interestandrentsfrominvestments	10	36,469		54,120
Proceedsfromsaleofinvestments		944,286		116,255
Purchaseofinvestments	16	(30,129)		(89,279)
Netcashprovidedby/(usedin)investingactivities			950,626		81,096
Changeincashandcashequivalentsintheyear			(66,303)		(229,344)
Cashandcashequivalentsatthebeginningoftheyear			1,255,771		1,485,115
Cashandcashequivalentsattheendoftheyear			1,189,468		1,255,771
Analysisofcashandcashequivalents
Cashatbankandinhand			1,189,468		1,255,771
Totalcashandcashequivalents			1,189,468		1,255,771

4	NETINCOME/(EXPENDITURE)
	Thisisstatedaftercharging:	2020	2019
		E	£
	Operatingleasepayments	32,329	32,329
	Depreciation	134,646	139,046
	Auditors'remuneration-auditservices	10,500	14,700

			Unrestricted	Restricted		Designated	TOTAL
			Funds	Funds		Funds	2020
	INCOMEFROM:
	Grants			41,920			41,920
	Charitableactivities		883,054				883,054
	Totalincome		883,054	41,920			924,974
	EXPENDITUREON:
	Charitableactivities		2,271,072	41,920			2,312,992
			2,271,072	41,920			2,312,992
	Netexpenditure		(1,388,018)				(1,388,018)
7	INCOMEFROMDONATIONSAND	LEGACIES
		UNRESTRICTED	RESTRICTED	DESIGNATED		TOTAL	TOTAL
						2020	2019
	Donationsandgifts(including	75,295				75,295	100,579
	Sisterspensionbenefits)
		75,295				75,295	100,579
8	INCOMEFROMGRANTS
		UNRESTRICTED	RESTRICTED	DESIGNATED		TOTAL	TOTAL
						2020	2019
		£	£	£		£	£
	CoronavirusJobRetentionScheme		41,920			41,920
					_
9	INCOMEFROMOTHERTRADINGACTIVITIES
		UNRESTRICTED	RESTRICTED	DESIGNATED		TOTAL	TOTAL
						2020	2019
		£	£	£		£	£
	Lettingsincome-swimmingpool	38,528		-		38,528	77,429
	Lettingsincome-roomandbus						3,316
		38,528				38,528	80,745

INCOMEFROMINVESTMENTS
	UNRESTRICTED	RESTRICTED	DESIGNATED	TOTAL	TOTAL
				2020	2019
	£	£	£	£	£
Dividendsfromlistedinvestments	33,153	131	-	33,284	45,383
Interestreceivable	2,270		915	3,185	8,737
	35,423	131	915	36,469	54,120

					TOTAL	TOTAL
					2020	2019
	Grossschoolfees				944,551	1,852,210
	less:bursariesandallowances				(137,024)	(205,797)
	Netschoolfees				807,527	1,646,413
	Add:
	Registrationfees				200	1,700
	Extras				75,327	87,272
					883,054	1,735,385
12	ANALYSISOFEXPENDITURE
		Staff	Depreciation	Other	Total	Total
		Costs		costs	2020	2019
		£	£	£	£	£
	Costofraisingfunds:
	Financingcosts			1,043	1,043	579
	Totalcostofraisingfunds			1,043	1,043	579
	Charitableexpenditure
	Education
	Teaching	1,055,617	3,473	95,084	1,154,174	1,190,128
	Welfare	4,082	-	135,766	139,848	172,531
	Premises	141,823	131,173	281,191	554,187	498,406
	Supportandgovernance	199,865	-	273,952	473,817	410,417
	Totalcharitableexpenditure	1,401,387	134,646	785,993	2,322,026	2,271,482
	Totalexpenditure	1,401,387	134,646	787,036	2,323,069	2,272,061
	Analysisofsupportandgovernancecosts:				2020	2019
	Governancecosts:
	Auditorsremunerationforauditservices				10,500	14,700
	Legalandprofessionalfeesrelatingtogovernanceissues				8,973	11,847
	Totalgovernancecosts				19,473	26,547
	Supportcosts:
	Auditor'sremunerationfornonauditservices					7,380
	Legalandprofessionalfeesrelatingtosupport				29,203	9,743
	Supportstaffwages,nationalinsuranceandpension				199,865	175,897
	Othersupportcosts				225,276	190,850
					473,817	410,417

	2020	2019
	Number	Number
Teaching	33	33
Welfare		1
Premises	7	7
Support	8	10
	48	51
Theaggregatepayrollcostsfortheyearwereasfollows:
	2020	2019
Wagesandsalaries	1,173,031	1,114,297
Socialsecuritycosts	70,702	97,515
Pensioncosts	157,654	140,430
	1,401,387	1,352,242

Staffearninginexcessof£60,000perannum(excludingredundancypayments)inthefollowing	bandsare:
2020	2019
Number	Number
£60,000-£69,999	1

	2020	2019
Definedbenefitsschemes	12,482	11,074

	2020	2019
Aggregateemployeebenefitsofkeymanagementpersonnel	71,365	193,745

	Unrestricted	Restricted	Designated	Total
	Funds	Funds	Funds	2019
	£	£	f	£
INCOMEFROM:
Donationsandlegacies	100,494	85	-	100,579
Othertradingactivities	80,745		-	80,745
Investments	49,307	145	4,668	54,120
Charitableactivities	1,735,385		-	1,735,385
Totalincome	1,965,931	230	4,668	1,970,829
EXPENDITUREON:
RaisingFunds	579	-		579
Charitableactivities	2,269,957	845	680	2,271,48:2
Totalexpenditure	2,270,536	845	680	2,272,061
Netincome/expenditurebefore
transfersandinvestmentgains/losses	(304,605)	(615)	3,988	(301,232)
Gains/lossesoninvestments	18,808	123		18,931
Netincome/expenditure	(285,797)	(492)	3,988	(282,301)
Fundbalancesbroughtforward	5,237,585	13,060	589,594	5,840,239
Fundbalancescarriedforward	4,951,788	12,568	593,582	5,557,938

15	TANGIBLEFIXEDASSETS
		Freehold	**Fixtures& **	Computer	Motor	Total
		Property	Fittings	Equipment	Vehicles
		£	£	f	£	f
	Cost
	At1September2019	4,974,404	126,036	90,552	38,081	5,229,073
	Disposals	-	(126,036)	(90,552)	-	(216,588)
	At31August2020	4,974,404			38,081	5,012,485
	Depreciation
	At1September2019	2,099,730	125,988	89,372	31,045	2,346,135
	Chargeforyear	131,173	48	719	2,706	134,646
	Eliminatedondisposal		(126,036)	(90,091)	-	(216,127)
	At31August2020	2,230,903			33,751	2,264,654
	NetBookValue
	At31August2020	2,743,501			4,330	2,747,831
	At31August2019	2,874,674	48	1,180	7,036	2,882,938
16	INVESTMENTS
					2020	2019
	Fairvalue
	At1September2019				1,306,101	1,314,771
	Additions				30,129	89,279
	Disposals				(1,025,118)	(116,255)
	Unrealisedgains/(losses)				(10,491)	18,306
	At31August2020				300,621	1,306,101
	Analysisofinvestments		Unrestricted	Restricted	Total	Total
					2020	2019
	Fairvaluecarriedforward		296,938	3,683	300,621	1,306,101
	Historicalcost		274,932	3,519	278,451	1,210,555

DEBTORS
	2020	2019
Feedebtors	29,267	20,190
Prepaymentsandaccruedincome	3,388	19,837
Otherdebtors		180,000
	32,655	220,027

CREDITORS:duewithinoneyear
	2020	2019
Tradecreditors	7,999	5,410
Othercreditors		35,249
Accruals	41,303
Deposits	2,460	66,240
	51,762	106,899

At31August2020thecharityhadtotalcommitmentsu follows:	ndernon-cancellableoperatinglease	spayableas
	2020	2019
Withinoneyear		32,329
Betweenoneandfiveyears		86,842
		119,171

	At1 September Income Expenses Transfers	Gains/	At31
	2019	(losses)	August2020
Unrestrictedfunds
Generalreserves	4,951,290 1,032,300 (2,281,088) 13,203	(91,389)	3,624,316
Designatedfunds
AgedSistersFund	593,582 915		594,497
	5,544,872 1,033,215 (2,281,088) 13,203	(91,389)	4,218,813
Restrictedfunds
RHillierScholarshipFund	2,253 131 - (2,451)	67
BrazilandTanzaniaFund	- (61) 61	-
BursaryFund	10,813 - (10,813)	-
CoronavirusJobRetention
Scheme	- 41,920 (41,920)	-
	13,066 42,051 (41,981) (13,203)	67
Totalfunds	5,557,938 1,075,266 (2,323,069) -	(91,322)	4,218,813
Generalreserves:	ThesearefundstobespentorappliedatthediscretionoftheTrusteestofurtheranyofthe
	charity'sobjectives.
Designatedfunds:	AgedSistersFund-ThisfundisdepositedforusewhenaBlessedSacramentSisterofthe
	regionofEngland/Irelandrequiresadditionalcare,hospitalisationormedical		help.
Restrictedfunds:	RHillierScholarshipFund-Thisfundwassetupfortherestricted	useofinvestingand
	providingascholarshipeachyearfrominvestmentincome.
	Attheyearendthecharityhastransferredthebalanceof£2,451tounrestrictedfunds,with
	thedonor'sconsent,astherestrictedfundnolongerhaspurpose.
	BrazilandTanzania-Thisfundwassetuptocollectmoniesforthepeopleof		Braziland
	Tanzania.
	BursaryFund-Thisfundwassetuptocollectmoniesfromparentsofleaverstocontribute
	towardsbursariesforpupilsfacingfinancialhardship.

	Unrestricted	Designated	Restricted	Total
	Funds	Funds	Funds
Fixedassets	3,048,452			3,048,452
Currentassets	627,626	594,497	-	1,222,123
Creditors:lessthanoneyear	(51,762)		-	(51,762)
	3,624,316	594,497		4,218,813