2020-08-31-accounts - Windlesham School Trust Limited

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		Page
Report ofthe Trustees	1	to	9
Report ofthe Independent Auditors	10	to	11
Statement ofFinancial Activities		12
Balance Sheet		13
Cash Flow Statement		14
Notes to the Cash Flow Statement		15
Notes to the Financial Statements	16	to	23
Detailed Statement ofFinancial Activities	24	to	25

				2020	2019
				Unrestricted	Unrestricted
				fund	funds
			Notes
INCOME AND KNDOWINENTS Donations and legacies		FROM		3,830	6,908
Charitable activities School Fees Receivable Other Income				1,204,928 668	1,353,561 850
Investment income				1 443	2,881
Total				1,210,869	1,364,200
EXPENDITURE ON
Charitable activities School operating costs School operating costs School operating costs schooling	- Teaching - Premises - Support costs of			916,942 136,766 198,625	1,073,635 147,731 216,984
Total				1,252,333	1,438,350
NET INCOME/(EXPENDITURE)				(41,464)	(74,150)
RECONCILIATION	OF FUNDS
Total funds brought forward				2,311,154	2,385,304
TOTAL FUNDS CARRIED FORWARD				2269690	2 311154

		2020	2019
		Unrestricted	Unrestricted
		fund	funds
	Notes	f.	E
FIXEDASSETS Tangible assets		3,078,790	1,842,714
CURRENT ASSETS Debtors Cash atbank	10	58,280 173944	39,011 683308
		232,224	722,319
CREDITORS Amounts falling due within one year		(482,074)	(212,029)
NET CURRENT ASSETS		~249850)	510290
TOTAL ASSETSLESSCURRENT LIABILITIES		2,828,940	2,353,004
CREDITORS Amounts falling due after more than one year	12	(559/50)	(41,850)
NET ASSETS		2269690	2 311154
FUNDS Unrestricted funds	15	2269690	2 311 154
TOTAL FUNDS		2 269690	2 311154

					2020	2019
				Notes
Cash flows from operating		activities
Cash generated from operations					758334	75,316
Net cash provided by operating activities					758334	75 316
Cash flows from investing		activities
Purchase oftangible fixed	assets				(1,277,786)	(285,140)
Sale oftangible fixed assets					8,645
Interest received					1 443	2 881
Net cash used in investing	activities				~1267698)	~282 259)
Change in cash and cash	equivalents		ln
the reporting period					(509,364)	(206,943)
Cash and cash equivalents		at the
beginning ofthe reporting		period			683 308	890251
Cash and cash equivalents		at the end	of
the reporting period					173944	683 308

		2020	2019
			E
Net expenditure for the reporting Financial Activities)	period (as per the Statement of	(41,464)	(74,150)
Adjustments for: Depreciation charges Profit on disposal offixed assets Interest received (increase)/decrease in debtors Increase in creditors		33,742 (677) (1,443) (19,269) 787445	34,737 (2,881) 37,789 79 821
Net cash provided by operations		758334	75 316

	At 1/9/19	Cash flow	At 31/8/20
Net cash Cash at bank	683 308	~509 364	173944
	683 308	~509364)	173944
Debt Debts falling due after 1year		~515000	~515000
		~515000	~515 000
Total	683 308	~1 024 364	~341 056

Freehold	land is not depreciated.
Freehold Fixtures	buildings with an expected life over 50years and Fittings	2%on cost 10%on cost
Computer equipment Motor Vehicles		10%on cost 20%on cost

INCOME F	ROM CHAR	ITABLE ACTIVITIES
		Activity	2020f	2019
Years 1 to 6		School Fees Receivable	1,056,280	1,115,309
Reception 4,	Nursery	School Fees Receivable	211,430	208,593
Bursaries		School Fees Receivable	(102,903)	(69,820)
StaffDiscounts		School Fees Receivable	(31,033)	(20,134)
Extras		School Fees Receivable	67,924	116,915
Registration	fees	School Fees Receivable	3,230	2,698
Other income		Other Income	668	850
			1205596	1354411
CHARITABLE ACTIVITIES COSTS

		2020	2019
		f,	E
Wages Social Other	and salaries security costs pension costs	900,258 68,913 49 129	1,002,009 84,754 32 170
		1018300	1138933

The avera	ge monthly number ofemployees during	the year was as follows:
		2020	2019
Teaching Others	Staff	37 7	39 7
		44	46

TANGIBLE FIXEDASSETS
		Fixtures
	Freehold	and	Motor	Computer
	property	fittings	vehicles	equipment	Totals
					E
COST
At 1st September 2019 Additions Disposals	2,256,095 1,277,786	105,844	9,960 ~9960	51,705	2,423,604 1,277,786 ~9960)
At 31stAugust 2020	3 533881	105844		51705	3 691430
DEPRECIATION
At 1st September 2019 Charge foryear Eliminated on disposal	457,226 28,275	87,089 2,713	1,992 ~1992)	34,583 2,754	580,890 33,742 ~1992)
At 31stAugust 2020	485 501	89 802		37337	612640
NET BOOKVALUE
At 31stAugust 2020	3 048380	16042	-	14368	3078790
At 31stAugust 2019	1798869	18755	7 968	17122	1 842 714
DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
				2020	2019
Fee Debtors Prepayments and accrued income				49,520 ~8760	31,037 ~7974
				58 280	~39 011
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2020	2019
					E
Trade creditors				145,500	7,531
Other creditors				192,436	98,022
Accruals and deferred income				144 138	106476
				482 074	212029

CREDITORS:AMOUNTSFALLING DUE AFTER MORE THAN	ONE YEAR
	2020	2019
Bank loans (see note 13) Final term deposits	515,000 44 250	41 850
	559 250	41 850
LOANS
An analysis ofthe maturity ofloans is given below:
	2020	2019
	E	E
Amounts falling due between two and five years: Bank loans -2-5 years	54621
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans payable after more than 5years by instalments
The loans are secured by legal charges over the property.
The loan is scheduled tobe repaid in 2045.

	2020	2019
		E
Within one year Between one and five years	12,447 39330	7,248 9532
	51777	16780