2020-08-31-accounts

Reference and Administrative Details	Reference and Administrative Details
Trustees Report		2 to4
Statement ofTrustees'	Responsibifities
Independent Auditors'	Report	d to 8
Statement ofFinancial	Activities	9to IO
Balance Sheet
Statement cfCash Flows		12
Notes tc the Financial	Statements	13to 23

			Greeaftelds	Educational	Educational	Trust
		Reference and		A,dtniuistrative Details
Chief Executive Ouicer			Beverley Croft
Trustees			PHodkin
			JScarfe Beckett
			A V Chalmers
			SL Rush
			A C Calcioli
			SM Guy
Other Ouieers			Veronica Tupholme,		Executive for Academics			and Standards
Principal	Oflice		Greeafields	School
			Priory Road
			Forest Row
			East Sussex
			RH I85JI3
			The charity	is incorporated		in England	snd Wales.
Company	Registration	Number	DI720539
Charity Registration		Number	287037
Solicitors			Hodkin ik Company
			42-44 Copthorne Road
			Felbridge
			East Grinstead
			West Sussex
			RH192NS
Bankers			HSBC Bank	pic
			56-58 London Road
			East Grinstead
			West Sussex
			RHI9 IBJ
Auditor			Manningtons
			Statuory auditor
			39High Street
			Battle
			East Sussex
			TN33 OEE

				Unrestricted	Total
			Note	funds f	2020
Income and Endowments		from
Donations and legacies				151,546	151,546
Charitable activities				1,576,739	1,576,739
Investment income				163	163
Other income				14,400	14,400
Total income				1,742,848	1,742,848
Expenditure on:
Charitable activities				(1,733,023)	(1,733,023)
Total expenditure				(1,733,023)	(1,733,023)
Net income				9,825	9,825
)4et movement in fends				9.825	9.825
Reconciliation offunds
Total funds brought	forward			2,204,729	2,204,729
Total funds carried	forward		19	2,214,554	2,214,554

		a	nd Losses)
				Unrestricted	Total
				funds	2019
			Note	f,
income aad Endowments		fronts
Donations aud legacies				i63,017	163,017
Chatitable activities				i,716.892	1.716,892
Investment income				212	212
Other income				14,400	14,400
Total income				1,894,521	1.894,521
Expenditure en:
Charitable activities				(1,769,513)	(1,769,513)
Total expenditure				(1,769,513)	(1,769,513)
Net income				125,008	125,008
Net movement in funds				125,008	125,008
Reconciliation offunds
Total funds brought	forward			2,079,721	2,079,721
Total funds corned	forward		i9	2,204,729	2,204,729

			Note	2020f	2019
Fixed assets
Tangible assets			13	6,364,464	5,225,100
Current assets
Stocks			14	33,487	16.141
Debtors			15	183,798	240,777
Cash at bank	and in hand			319,716	I&7,640
				537,001	444,55&
Creditors: Amounts		falling due within one year	16	~2l7,640)	(217,844)
Net current	assets			249,361	226,714
Total assets	less current liabilities			6,613,825	5,451,814
Creditors: Amounts		falling due after more than one year		(1,500,96&)	(348,782)
Net assets				5,112,&57	5,103,032
Funds ofthe charity:
Unrestricted	income	funds
Unrestricted	funds			2,214,554	2,204,729
Revaluation	reserve			2,898,303	2,898,303
Total unrestricted funds				5,112,&57	5,103,032
Total funds			19	5,112,857	5,103,032

Statement		ofCash Flows for the	Year Ended 3	1August 2020
			Note	2020	2019f
Cash flows from operating	activities
Net cash income				9,825	125.008
Adjustments tocash flows from noa-cash items
Depreciation Investment income				12,045 (l63
				21,7D7	136,813
Working capital adjustments
Increase in stocks			14	(17,346)	(4,940)
Deorease/(increase) in debtors			15	56,979	(123,354)
Increase/(decrease) in creditors			16	$,$10	(114,238)
increase in deferred income			17	20,$20	1,431
Net cash flows &om operating		activities		90,970	(i04,288)
Cash flaws from investing activities
Interest receivable snd similar		income	5	163	212
Pmchase oftangible flxed assets			13	(1,151,4D9)	(349,178)
Net cash flows fmm investing		activifles		(1,151,246)	(348,966)
Cash flows from fltnancing activities
Value ot new loans obtained	during the period			1,200,0DO	149,95D
Repayment ofloans and borrowings			16	(7,64$)	(21,993)
Net cash flows from financing		activities		1,192,352	127,957
Net increase/(decrease) in cash		and cash equivalents		132,076	(325,297)
Cash and cash equivalents at	I	September		i87,640	512,937
Cash and cash equivalents at	31 August			319,7I6	187,64D

				Unrestricted
				funds	Total
				General	funds
				f.
Donations snd legacies;
	Donations to major appeals			7,006	7,006
Grants, including		capital grants;
	Government grants			144,540	144,540
Total for 2020				151,546	151,546
Total for 2019				163,017	163,017
4	Income from charitable		activities
				Unrestricted
				funds	Total
				General	funds
					f.
	Greenfields School			1,17&,653	1,178,653
	Children's Mouse Nursery			274,412	274,412
	Effective Education Centre			123,674	123,674
Total for 2020				1,576,739	1876,739
Total fer 2019				1,716,892	1,716,892
5	Investtnent	ineotne
				Unrestricted
				funds	Total
				General	funds
Interest receivable snd similar			income;
	Interest receivable on bank		deposits	163	163
Total for 2020				163	163
Total for2019				212	212

6 Ot	her income
		Unrestricted
		funds	Total
		General	funds
		8	g
Rental	income	14,400	14,400
Total	far 2020	14,400	14,40D
Total	far 2019	14,400	14,400

7 Expend	iture on	charitable activities
			Unrestricted	funds	Total
			Designated g	General f	2020
Greenfields	School		45,587	1,324,444	1,370,031
Children's	House Nursery			232.908	232,908
Etfective Education		Centre		114,757	114,757
Governance				15,327	15,327
			45,587	1,687,436	1,733,023
			Unrestricted	funds	Total
			Designated	General	2D19
			f,
Greenfields	School		45,90D	1,298,400	1,344,300
Children's	House Nursery			28D,297	280,297
Egcctive Education		Centre		131,102	131,102
Governance				13,814	13,814
			45,90D	1,723,613	1,769,513

					Vnresttlcted
					funds	Total
					General	funds
Staffcosts
Wages aud salaries					8,127	8,127
Audit fees
Audit ofthe	financial		statements		5,150	5,150
Accountancy		services			2,050	2,050
Total for 202	D				I5,327	15,327
Total for2019					13,814	13,814
9 Net incoming/outgoing				resources
Net incoming	resources		for	the year include:
					2020	2019f
Audit fees					5,150	4,440
Other uon-audit		services			2,D50	1,860
Depreciation offixed assets					12,D45	12,017

II Stalf costs The aggregate payroll costs were as follows.
	2020	2019
		f,
Staff costs during the year were:
Wages and salaries	I,135,452	1,165,884
Social security costs	59,224	59,597
Pension costs	15,625	18,013
	1,210,301	'1,243,494

13Tangible fixed assets
	Land and	Fixtures, finings
	buildings	and equipment f	Motor vehicles	Total f
Cost
At I September 2019	5,180,018	3i9,415	23,780	5,523,213
Additions	1,150,257	1,152		1,151,409
At 31 August 2020	6,330,275	320,567	23,780	6,674,622
Depreciation
At I September 2019		286,774	11,339	298,113
Charge forthe year		7,289	4,756	12,045
At 31 August 2020		294,063	16,095	310,158
Net book value
At 31 August 2020	6,330,275	26,504	7,685	6,364,464
At 31 August 2019	5,180,018	32,641	12,441	5,225,10D
14 Stock
			2020	2019
				f.
Stocks			33,4'87	16,141

15 Debtors
				2020	2019
				8	8
Trade debtors				124,462	166,604
Prepayments				11,593	15,590
Accrued income				41,159
Other debtors				6,584	58,583
				183,798	240,777
16 Creditors:	amounts	falling due within	one year
				2020	2019
Bank loans				64,341	24,175
Trade creditors				126,868	125,817
Other taxation	and social	seourity		25.789	14,818
Other creditors				9,233	10,042
Accruals				7,110	9,513
Deferred income				54,299	33,479
				287,640	217,844
17 Creditors:	amounts	falling due alter	one year
				2820	2019
Bank loans				1,500,968	348,782
Included in the	creditors	are the following	amounts	due atter more than five years:
				2020	2019
Alter more than five years by instalments				~3.223.799&	233,926

18 Reserves	18 Reserves
						Unrestricted
						revaluatien
						reserve	Totalf
At I September 2019						2,898,303	2,898.303
19 Funds
				Balance at I
				September	Incoming	Resources	Balanceatsl
				2019	resoumes	expended	August 2020
Unrestrieted
Generai
General	fund			1,664,780	1,741,948	(1,687,436)	1,719,292
Designated Norman	Lewis designated		fund	539,949	9DII	~45507	495,262
Total funds				2204,729	I 742 848	[I 733 0233	2214554
				Balance at I
				September	Incoming	Resources	Balance at31
				2D18	Ilmoarcm f	expended f	August 2019
tlnrestricted		funds
Genera(
General	fund			1,650,052	1,738,341	(1,723,613)	1,664,780
Designated Norman	Lewis designated		fund	429,669	154,180	~45.9003	539,949
Total funds				2,079,72I	1,894,521	(1,769,513)	2,2D4,729

					Total funds at
			Unrestricted	funds	31August
			General	Designated	202D
Tangible	fixed	assets	6,359,93 1	4,533	6,364,464
Current	assets		46,272	490,729	537,001
Current	liabilities		(287,640)		(287,640)
Creditors	over	I year	(1,500,968)		(1,500,968)
Total net assets			4,617,595	495,262	5,112,857
					Total funds at
			Unrestricted	funds	31August
			General f	Designated	2019
Tangible	fixed	assets	5,220,596	4,504	5,225,100
Current	assets		(90,$$7)	535,445	444,558
Current Creditors	liabilities over I year		(217,844) ~345.78a		(217,844) (348,782)
Total net assets			4,563,0$3	539,949	5,ID3,032