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|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||||||
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|||||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|
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|||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|
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||||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|
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|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||12,017
~212|
|||||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|
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|||||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|
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|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|
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||||||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|
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|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|
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|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|
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|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|
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|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|
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||||||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|
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