2020-11-30-accounts - Buckeridge Christian Education Trust

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Annual	Report
Period	Ended	30	November	2020

Period End	ed 30 No	vember 20	20
Contents				Page No.
Report ofthe	Trustees			1-5
Independent	Examiners'	Report to the	Trustees
Consolidated	Income and	Expenditure	Account
(Incorporating	Consolidated Statement		of Financial Activities)
Consolidated	Balance Sheet
Company Balance Sheet
Consolidated	Cash Flow	Statement		10
Notes to the	Consolidated	Cash Flow	Statement
Notes and Accounting Policies				12-22

Period Ended		3	0	November 20	20
								Year Ended Nov	30	Period from 1 Aug 2018to 30 Nov
								2020			2019
								Unrestricted		Unrestricted
								and restricted		and restricted
								funds			funds
							Note
Income
Income from charitable			activities:
Fees receivable											4,063,673
Ancillary income											304,035
Voluntary incoming		resources							66		337
Income from activities			to	generate funds					(52)		275,910
Total Income									14		4,643,955
Expenditure
Charitable activities:
Teaching costs											2,653,771
Welfare costs											821,579
Premises costs											751,877
Grants, awards		and	prizes								1,082
Support costs								21,553			971,253
Costs ofgenerating		funds						2,059			141,866
(Profit) / Loss on disposal				offixed assets				(79,924)			1,339,950
Total Expenditure								(56,312)			6,681,378
Net incoming/(outgoing) investments				resources before transfers		and Gains on		56,326			(2,037,423)
Gains on investments
Transfers between		funds
Net income/(expenditure)				and movement	in funds for the year			56,326			(2,037,423)
Balances brought	forward			at 1 December 2019				553,612			2,591,035
Balances carried		forward at 30November			2020			609,938		f	553,612


30 Novem	ber		2020				30 Nov		30 Nov
							2020		2019
					Notes
Fixed assets
School land,	buildings		and equipment						806
Prize fund investments							3,421		3,421
							3,421		4,227
Current assets
Stock									435
Debtors							7,638		691,642
Cash at bank	and	in	hand				685,182		54,524
							692,820		746,601
Creditors: Amounts			falling	due within one year	10		86,303		197,216
Net current assets							606,517		549,385
Total assets	less	current		liabilities			609,938		553,612
Net assets						K	609,938	E	553,612
Unrestricted	general		fund				601,310		544,984
Restricted funds					12		8,628		8,628
Total funds							609,938	E	553,612

30 November		2020			30 Nov		30 Nov
					2020		2019
				Notes
Fixed assets
Prize fund investments					3,421		3,421
Shares in subsidiary		undertaking			100		100
					3,521		3,521
Current assets
Debtors					7,638		687,509
Cash at bank and	in	hand			681,242		53,473
					688,880		740,982
Creditors: Amounts		falling	due within one year	10	86,267		196,615
Net current assets					602,613		544,367
Total assets less	current		liabilities		606,134		547,888
Net assets					606,134	6	547,888
Unrestricted general fund					597,506		539,260
Restricted funds				12	8,628		8,628
Total funds					606,134	E	547,888


Period Ended	30 November	20	20		30 Nov	30 Nov
					2020	2019
				Notes
Net cash inflow/(outflow) from operating			activities		630,658	(1,288,064)
Capital expenditure
Purchase oftangible	fixed assets					(31,371)
Proceeds on sale of	tangible fixed assets					1,298,107
Net cash inflow from Capital expenditure						1,266,736
Financing
Advance fees utilised						(88,839)
Finance lease repayments						(18,416)
Net cash outflow from Financing						(107,255)
Increase/(decrease)	in cash in the year			3	R 630,658	f (128,585)

Period Ended 30 November	Period Ended 30 November	Period Ended 30 November	2020	2020					30 Nov		30 Nov
									2020		2019
1. Reconciliation of Net	income/(expenditure)					to	Net	cash
inflow/(outflow) from operating		activities
Net incoming /(outgoing) resources									56,326		(2,037,423)
Depreciation									806		174,509
Loss/(profit) on disposal oftangible			fixed assets								1,339,950
(Increase)/decrease in stock									435		(322)
Decrease/(increase) in debtors									684,004		(424,442)
Decrease in creditors									(110,913)		(340,336)
Net cash inflow/(outflow) from operating				activities					630,658	E	(1,288,064)
2. Reconciliation of net cash	flow to movements				in net	debt			30Nov		30 Nov
									2020		2019
											F
Increase/(decrease) in cash	in the	year							630,658		(128,585)
Cash outflow from decrease	in loan		and finance		leases						18,416
Change in net debt in the year									630,658		(110,169)
Net funds at 1 August 2019									54,524		164,693
Net funds at 30November 2020									685,182	6	54,524
3. Analysis ofchanges in net	funds
				At 1 August 2019		Cash flows			Other changes	At 30 November
											2020
Cash at bank and in hand					54,524		630,658				685,182
					54,524	R	630,658		8 -	K	685,182

Trading	Income and	Income and	Expenditure	Expenditure	(continued)		30 Nov		30 Nov
							2020		2019
							F
Turnover							(52)		246,613
Cost ofsales							(435)		(59,665)
Gross profit/(loss)							(487)		186,948
Administration		costs					(1,433)		(77,803)
Profit/(loss)		before deed ofcovenant					(1,920)		109,145
Deed of	covenant payment			to Trinity School Teignmouth					(109,145)
Loss for	the	financial	year before		tax		(1,920)
Taxation
Loss for	the	financial	year after tax			K	(1,920)	F

Loss for the fi	nancial year	nancial year	after tax	after tax	after tax			K	(1,920)	F
Administration	costs include		FO (2019:F3,460) in respect			of rent paid to		the	Charity during	the	period.
The balance sheet position			at 30 November		is as follows:
Total assets									5,103		121,000
Less: Total liabilities									(1,199)		(115,176)
								E	3,904	F	5,824
Total funds									3,904	Z	5,824
Analysis oftotal resources			expended
					2020						2019
		Staff costs		Other costs		Depreciation			Total		Total
			F								F
Charitable activities:
Teaching costs											2,653,771
Welfare costs											821,579
Premises costs											751,877
Grants, awards		and
prizes											1,082
Support costs					21,553				21,553		971,253
					21,553				21,553		5,199,562
Costs ofgenerating
funds					191				191		7,858
Loss on sale					(79,924)				(79,924)		1,339,950
Total for Company					(58,180)				(58,180)		6,547,370
Trading costs		ofthe
subsidiary					1,062		806		1,868		134,008
Total for Group		K			(57,118)	R	806	f.	(56,312)	F	6,681,378

4.	Interest payable								30 Nov 2020 E	30 Nov 2019 f	30 Nov 2019 f
	On bank loans and overdrafts								191		568
									191	E	568
5.	Expenditure -other disclosures								30 Nov 2020	30 Nov 2019
	Auditors' remuneration-			audit							9,800
				other financial services							51,960
	Independent examination fee Operating lease rentals Governors' expenses - travel		and other costs costs						7,000 61		21,279 286
	Travel expenses were paid	to	one trustee		during		the year.
6.	Staff costs								30 Nov 2020	30 Nov 2019
	Wages and salaries Social security costs Pension contributions (see	note 14)									(631,620) 232,867 398,753
											(57,118)
	Trustees are not remunerated		and none benefited				from	an employment	with the charity or related		entity.
	Aggregate employee benefits		of key management				personnel				337,515
	Average number employed	in	the year								89
	Average number of unpaid	volunteers
	The number of higher paid	employees		was:
	F60,001 - 270,000
	f80,001 - 290,000
	f100,001 - f110,001
	Total
	The number with retirement	benefits accruing				in defined		benefit
	schemes was

Tangible fixe	d assets - Group
			At 1			At 30
			December	Additions	Disposals	November
			2019			2020
			E
Cost or valuation
Fixtures, fittings and equipment			4,028			4,028
			4,028			4,028
Accumulated	depreciation
Fixtures, fittings and equipment			3,222	806		4,028
			3,222	806		4,028
			At 1			At 30
			December			November
			2019			2020
Net book value
Fixtures, fittings and equipment			806
		F	806

									30 Nov		30 Nov
									2020		2019
									f		Z
	UK bank	deposit accounts:
	Bostock Singleton	Green							3,304 117		3,304 117
									3,421		3,421
9.	Debtors
					Group				Company
				30 Nov			30 Nov		30Nov		30 Nov
				2020			2019		2020		2019
									E
	Due within one year:
	Fee debtors Other debtors				186		256,838 434,804		186		138,182 434,752
	Prepayments Amounts due		and accrued income from group undertakings	7,452					7,452		114,575
				7,638		E	691,642	F	7,638	F	687,509
10.	Creditors
					Group				Company
				30 Nov			30 Nov		30Nov		30 Nov
				2020			2019		2020		2019
	Amounts	falling due within one year:
	Trade creditors			12,600			112,323		12,600		112,323
	Taxation and social security Other creditors			65,504			44,784 39,508		65,504		44,784 39,508
	Accruals			8,199			601		7,000
	Amounts	due	to group undertakings						1,163
			f	86,303		f.	197,216	F	86,267	'Z	196,615
11,	Fees received in advance and deposits								30 Nov 2020		30 Nov 2019
									P
	Balance at 1 August 2019 Net withdrawals										237,018 (237,018)
	Balance	at 30 November 2020

Restricted funds
	Balances at 1 December 2019		Income		Expenditure		Transfers/ revaluations		Balances at 30 November 2020
	E								E
Prize funds	3,490								3,490
Bursary fund	5,138								5,138
	E 8,628	E		-	E	—	E	-	E 8,628

Allocation	ofthe ch	arity's net assets
		Fixed assets	Investments	Net current assets		Long term liabilities		Net assets
Company
Restricted	funds		3,421		5,207			8,628
Unrestricted	funds		100		597,406			597,506
			3,521	E	602,613	E	E	606,134
Group
Restricted funds			3,421		5,207			8,628
Unrestricted	funds				601,310			601,310
			3,421	E	606,517	E		609,938

											Unrestricted	Unrestricted
							Unrestricted		funds	Restricted		and
										funds	restncted
												funds
						General		fund	Revaluation	Restricted
									funcl	income
									E	f.
Income
Income from charitable			activities:
Fees receivable
Ancillary income
Voluntary incoming		resources						66				66
Income from activities to generate					funds			(52)				(52)
Total Income								14				14
Resources Expended
Charitable activities:
Teaching costs
Welfare costs
Premises costs
Grants, awards		and prizes
Support costs							21,553					21,553
Costs ofgenerating		funds					2,059					2,059
Profit on sale							(79,924)					(79,924)
Total Resources		Expended					(56,312)					(56,312)
Net incoming resources before transfers and Gains on investments							56,326					56,326
Gains on investments
Transfers between		funds
Net income and movement for the year				in funds			56,326					56,326
Balances brought December 2019	forward at 1						544,984			8,628		553,612
Balances carried November 2020		forward at		31		E	601,310		f	8,628	R	609,936

Year ended 31July 2	019
			Unrestricted	funds	Restricted funds	Unrestricted and restricted funds
			General fund	Revaluation funcl	Restricted income
				F	E
Income
Income from charitable	activities:
Fees receivable			4,063,673				4,063,673
Ancillary income			304,035				304,035
Voluntary incoming resources			337				337
Income from activities	to generate	funds	275,910				275,910
Total Income			4,643,955				4,643,955
Resources Expended
Charitable activities:
Teaching costs			2,653,771				2,653,771
Welfare costs			821,579				821,579
Premises costs			751,8?7				751,877
Grants, awards and	prizes		1,082				1,082
Support costs			971,253				971,253
Costs ofgenerating funds			141,866				141,866
Loss on sale			1,339,950				"l,339,950
Total Resources Expended			6,681,378				6,681,378
Net outgoing resources before transfers and Gains on investments			(2,037,423)				(2,037,423)
Gains on investments
Transfers between funds			158,964	(158,964)
Net expenditure and funds for the year	movement	in	(1,878,459)	(158,964)			(2,037,423)
Balances brought forward at 1 August 2018			2,423,443	158,964	8,628		2,591,035
Balances carried forward at 31 2019		July	544,984		8,628	K	553,612