2022-03-31-accounts - Cranbrook School Trust

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Trustees	MrJ Peace
	Rsv A Pollington
	Mr PR Thompson
	Mr G Young
	MrJWotton
	MrSHolden
	MrT Mulline
	Mr A Cragg
	Mr C May
Charity number	290237
Principal address	Cranbrook School
	Waterloo Road
	Cranbrook
	Kent
Auditor	Baxter tt Co
	Lynwood House
	Crofton Road
	Orpington
	Kent
	BR6 BQE
Bankers	BR6 SQE
	National Westminster	Bank Pic
	High Street
	Cranbrook
	Kent

		Page
Trustees' report		1-2
abatement of Trustees'	responsibilities
Independentauditor's	report
Statement offinancial	activities	6-7
Balance sheet
Statement ofcash flows
Notes to the financial	statements	1D-22

Current financial year	Current financial year	Current financial year
				Unrestricted	Restricted	Endowment	Total	Total
				funds	funds	funds
				2021	2021	2021	2021	2020
			Notes	8	6	8		6
Income and endo		ments from:
Donations and	legacies				30,663		30,663	52,756
Charitable activities				93,929			93,929	103.648
Other trading activities				7,691			7,691	192,935
Investments				6,453	8,084		14,537	18,477
Other Income				68			68	159
Total Income				1D8,141	38,747		146,888	367,975
E~Cht
Raising funda				8,338			8,338	111,127
Charitable activities				20,378	54,647		75,025	160,586
Totalresources	expended			28,716	54,647		83,363	271,713
Net gains/(losses)		on investments	13	14,214	21,596	68,099	103,909	(45,851)
Net movement	In	funds		93,639	5,696	68,099	167,434	5D,411
Fund balances	at 1 April 2020			1,090,884	645,204	17,251,877	18,987,965	18,937,554
Fund balances	at	31 March 2D21		1,184,523	650,900	17,319,976	19,155,399	18,987,965

Prior financial year
			unreatricted	Restricted	Endowment	Total
			funda	funds	funds
			2020	2020	2020	2020
		Notes	E	E	E	E
income snd endowments	ro
Donabons and legades Chsritsble activities Other trading activities			103,648 192,935	52,756		52,756 103,848 192.935
InvestITlsnts Other income			6,676 159	11,801		18,477 159
Total Income			303,418	64,557		367,975
~F "dh
Raising funds Charitable activities		8 9	111,127 51,805	1D8,781		111,127 160,586
Total resources expended			162,932	108.781		271,713
Net gains/(losses) on investments		13	(12,899)	(14,148)	(18,804)	(45,951)
Net movement in funds			127,587	(58,372)	(18,804)	5D,411
Fund balances at 1 April 2019			963,297	703,576	17,270,681	18,937,554
Fund balances at 31 March	2020		1,090,884	645,204	17,251,877	18,987,965

												2021	2020
						Notes					6	6	6
Fixed assets
Tangible assets							14					17,546,190	17,546,190
Investments							15					558,832	454.924
												18,105,022	18,001,114
Current assets
Stacks							16			1,523			2,835
Debtors							17			6,824			37,097
Gash at bank		and in		hand					1,063.755				981,943
									1,072,102				1,021,875
Creditors:	amounts			faliing	due within
one year							18			(21,725)			(35,024)
Net current	assets											1,050,377	986,851
Total assets		less current			gabilities							19.155.399	18,987,965
Capital funds
E o menf			ds-	ene	I
Endowment	funds								13,929,648				13,861,549
Revaluation	reserve								3,390,328				3,390,328
							'I9					17,319,976	17,251,877
Income funds
Restricted	funds						19					650,900	645,204
Unrestricted		funds					19					1,184,523	1,090,884
												19,155,399	18,987,965
									2.I
yh	t t	t	t	\|dd	thy th	E	t	pC,		47,,2y
rd peace								Mr	W
Trustee								Tru	e

							2020
				Notes	6		8
Cash flows from operating		activities
Cash generated from operations				22		67,2'75		72,207
Investing	actlvlgres
Purchase Dividend	oftangible fixed assets and Interest received				14,537		(246,348) 18,47'7.
Net cash	generated from/(used		in)
investing	activities					14.537		(227,871)
Net cash	used in financing	activities
Net increase/(decrease) In		cash	snd	cash
equivalents						81,812		(155,664)
Cash and	cash equivalents	at beginning		ofyear		981,943		1,137,607
Cash and	cash equivalents	at end of		year		1,063,755		981,943

			Unrestricted	Unrestricted
			funds	funds
			2021	2020
			6	6
Stationary shop income			192	160
Summer	lettings income			132,835
Letlings	income		5,539	28,628
Queens	Hall	events income	(37)	18,912
Other income			1,997	12,400
Other trading		acdviTies	7,691	192,935

		Unrestricted	Restricted	Total	Unrestricted	Reslri cted	Total
		funds	funds		funds	funds
		2021	2021	2021	2020	2020	2020
		6	6	6	6	6
Dividend	income	6,416	7,718	14,134	6,185	10,251	16,436
Interest	receivable	37	366	403	491	1.550	2,041
		6,453	8,084	14.537	6,676	11,801	18.477
Other income
						Unrestricted	Unrestricted
						funds	funds
						2021	2020
						6	6
Olher income							159

	Unrestricted	Unrestricted
	funds	funds
	2021	2020
	6	6
T~Ch
Stationary shop expenses Summer lettings expenses	(22)	791 72,575
Lettings expenses Queens Hall event expenses Otherexpenses Share ofgovernance costs (see note 10)	2,150 3,541 1,669 1.000	10,583 25,980 198 1,000
	8,338	111,127

		Charitable	Charitable
		Expenditure	Expenditure
		2921 6	2020 f
Salary recharge- Clerk to Trustees Fees remission claim Cranbrook School Donations		11,028 52,750	11,1D3 22,397 1D4,090
Awards and prizes Other expenses		7,747	17,997 494
		71,525	156,081
Share ofgovernance	costs (see note 10)	3,500	4,5D5
		75,025	160,586
Analysis by fund
Unrestricted funds Restricted funds		20,378 54,647	51,8D5 106,781
		75,025	16D,586

Support c	osts
		Support	Governance	2021Support costs		Governance	2020
		costs	costs			costs
		E	E	E	E	E
Audit fees			4,500	4.500		4,505	4,505
Other						1,000	1,000
			4,500	4,500		5,505	5,505
Anslysed	between
Fundraislng			1,000	1,00D		1,000	1,0DO
Charitable	activities		3,500	3,500		4,505	4,505
			3,5DO	4,500		5,5D5	5,5D5

2021	202D
Number	Number

Net gains	/(lo	sses) on Investments
			Unrestricted	Restricted	Sndowment	Total
			funds	funds	funds
					general
			2021	2021	2D21	2021
			E	E	E	E
Valuation	of	investments	14,214	21,596	68,099	103,909
			14,214	21,596	68,099	103,909

		t)nrestrictsd	Restricted	Endowment	Total
		funds	funds	funds
				general
		2020		2020	2020
		E		8
Valuation	ofinvestments	(12,899)	(14,148)	(18,804)	(45,851)
		(12,899)	(14,148)	(18,804)	(45,851)

Tangible	fixed assets
		Freehold land snd
		buildings
		8
Cost
At 1 April	2020	17,546,190
At 31 March 2021		17,546,190
Carrying	amount
At 31 March 2021		17,546,190
At 31 March 2020		17,546,190

Financial	assets
		Canying	amount		Original cost
		2021	2020	2021	2020
		8	6	8	8
Unrestricted Unrestricted Restricted Restricted Restricted Endowment	-Williain Rootss GiR Fund -Vickers Fund -Webster Exhibition Fund —SEF - General Fund -Army Prize	33,983 43,795 29,041 30,926 53,940 1,146	27,591 35,973 24,067 23,829 44,415 950	16,818 30,000 3,217 12,835 8,082 50D	16.818 30,000 3,217 12,835 8,082 500
Endowment Endowment Endowment Endowment	-Joss Prize - SEF - Congreve -Other	4.446 76,410 12,135 273,010	3,685 62,132 9,968 222,314	3,000 21,925 4,000 57,08D	3,000 21,925 4,000 57,080
		558,832	454,924	'f57,457	157,457
Stocks
				2021	2D20
				8	8
Stationery and other stock				1.523	2,835
Debtors
Amounts falling due within one year:				2021 5	202Df
Trade debtors Other debtors				1.185 5,639	9,626 27,471
				6,824	37,097

Credi	tors: amounts falling due within one year
		2021f	2920f
Trade	creditom	13,368	3,335
Other	creditors	8,357	31,688
		21,725	35,024

Funds
				Balance at 1April 222S	Incoming resources	Resources expended	Transfers	Revaluations, gales and losses	Balance et 31Inarch 2021
				f	f	f	f	8
Restricted funds
Building extension		fund		397,242	31,025	(46,902)			381,365
Property renewal		fund		150,0DD					150,000
Prize and gift fund				60,082	2,836	(7,745)		14,498	69,671
Scholarship fund	endowment			30,670	4,454			7,098	42,222
Congreve exhlbigon			fund	7,210	432				7,642
				645,204	38,747	(54,647)		21,596	650,900
Endowment	funds
Permanent	endowment
fund				17,251,877				68,D99	17,319,976
				17,251,877				68,D99	17,319.976
Unrestricted	funds
Unrestricted	Qerleral		fund	1,090884	108141	(28 716)		14,214	1,184,523
				1,090,884	108,141	(28,716)		14,214	1,184,523
Total funds				18,987,965	146,888	(83,363)		103,909	19,155,399

			Balance et	Incmnlne	Reaeurcee	Transfers	Ravaiuatiene,	Balance at
			1 Aprn zeta	recourses	expended		same and	31March Zozo
							ieeeae
				E	8	E	6	8
Restricted	funds
Building extension fund Property renewal fund Prize and gift fund Scholarship endowment			433,682 150,000 79,009	4,407 54,345	(17,996) (90,785)		(5,338)	397,242 150,000 60,082
fund Congreve exhibition		fund	34,171 6,714	5.309 498			(S,S10)	30,670 7,210
			703,576	84,557	(108,781)		(14,148)	645,204
Endowrnentfunds
Permanent	endowment
fund			17,270.681				(18,804)	17,251,877
			'i7,270,681				(18,804)	17,251,877
Unrestricted	funds
Unrestricted	general	fund	g63,297	303,655	(163,169)		(12,899)	1,090,884
			963,297	303,655	(163,169)		(12.899)	1,090,884
Total funds			18,937,554	368,212	(271,950)		(45,851)	18,987,965

Analysis of net assets between funds
	Unrestricted	Restricted	Endowment	Total
	funds	funds	funds
	2021	2021	2021	2021
	f	6	9	6
Fund balances at 31 March 2021 are
represented by:
Tangible fixed assets	594,550		16,951,640	17,546,190
Investments	77,778	113,907	367,147	558,832
Current assets/(liabilities)	512,195	536,993	1,189	1,050,377
Total net assets	'l,184,523	650,900	17,319,976	19,155,399

		Unrestricted	Restrikded	Endowment	Total
		funds	funds	funds
		2020	2020	2020	2020
		E	E	E	E
Fund balances	at 31 March 2020 are
represented by:
Tangible fixed assets Investments Current assets/(liabilities)		594,550 63,564 432,770	92,311 552,893	16,951,540 299,049 1,188	17,546,190 454,924 986,851
Total net assets		1,090,8S4	645,204	17,251,S77	18,987,965

Chd
as generate from operati	ns	2021	2020
		E	E
Surplus for the year		167,434	50,411
Adjustments for.
Investment income recognised Fair value gains and losses on	in statement offinancial activities investments	(14,537) (103,909)	(18,477) 45,851
Movements in working capital:
Decrease in stocks Decrease/(increase) in debtors (Decrease) in creditors		1,312 30,273 (13,298)	449 (5,333) (694)
Cash generated from operations		67.275	72,2D7

Trading Account	Trading Account
		Stationary shop	Summer	l.ettlhgs	rtueen's	Hall	taso	Total
			lettiegs		events
		2021 E	2021f	2021 E		2021 E	2021f	2021 E
Income
Sales		192		5,539		(37)	1.997	7,691
		192		5,539		(37)	1,997	7,691
0lrect costs
Opening stock Purchases		(22)		2,835 1,940				2,835 1,918
Closing Stock				(1,523)				(1,523)
		(22)		3,252				3,230
Gross profit		214		2,287		(37)	1,997	4,461
Expenses Salary recherges					1,980			1,980
Catering							1,165	1,185
Utility charges				7D				7D
Advertising/Printing					1,'l23			1,123
Accountancy	snd audit						1,000	1,DOD
Worldpay charges							358	358
Website costs						290		290
Miscellaneous				140		148	148	434
				210	3,541		2,669	6,420
Net surplus oftrading activities		214		2,077	(3,578)		(672)	(1,959)