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|---|---|---|---|---|
|Governors'
Report (Incorporating|the Strategic Report)|1|to|9|
|Report ofthe Independent
Auditors||10|to|12|
|Statement ofFinancial Activities|||13||
|Balance Sheet|||14||
|Cash Flow Statement|||15||
|Notes to the Cash Flow Statement|||16||
|Notes to the Financial Statements||17|to|29|
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|FOR THE YEAR END|ED 3|1 A|UG|UST 20|20|||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2020|2019|
||||||Unrestdicted|Designated|Endowment|Total|Total|
|||||Notes|fund
f|fundf|funds
f|funds
f|funds|
|INCOME AND ENDOWMENTS||||||||||
|FROM||||||||||
|Donations
and legacies||||2|4,464|87,778||92,242|19,899|
|Charitable
activities||||3|6,472,104||(39,819)|6,432,285|6,659,466|
|Other trading
activities||||4|284,466|||284,466|183,144|
|Investment
income||||5|7,285||26,348|33,633|54,001|
|Other income||||6|1,500|||1,500||
|Total|||||6,769,819|87,778|(13,471)|6,844,%6.|. . 6,916,510|
|EXPENDITURE ON||||||||||
|Raising funds||||7|5,122||5,088|10,210|14,192|
|Charitable
activities||||7|6,644,408||19,623|6,664,031|6,607,855|
|Total|||||6,649,530||24,711|6,674,241|6,622,047|
|Net realised gains/(losses)||on||15|||35,381|35,381|(7,599)|
|investments||||||||||
|Net unrealised
gains/(losses)|||on|15|||(2,940)|(2,940)|17,267|
|investments||||||||||
|NET INCOME/(EXPENDITURE)
s
f
s
d||||120,289
~0 00tl)||87,778
100,000|(5,741)|202,326|304,131|
|Net movement
in funds|||||20,289|187,778|(5,741)|202,326|304,131|
|RECONCILIATION
OF FUNDS||||||||||
|Total funds brought|forward||||12,504,608|150,000|2,622,906|15,277,514|14,973,383|
|TOTAL FUNDS CARRIED||||||||||
|FORWARD|||||12,524,897|337,778|2,617,165|15,479,840|15,277,514|
##
|BETHANY SCHOOL||||
|---|---|---|---|
|BALANCE SHEET||||
|31 AUGUST 2020||||
|||2020|2019|
||Notes|||
|FIXEDASSETS||||
|Tangible assets|13|12,886,035|12,955,332|
|Investments|15|1,210,259|1,085,794|
|Investment
property|14|600,000|600,000|
|||14,696,294|14,641,126|
|CURRENT ASSETS||||
|Stocks|16|11,059|30,490|
|Debtors|17|217,814|221,961|
|Cash at bank|18|3,190,838|3,405,344|
|||3,419,711|3,657,795|
|CREDITORS||||
|Amounts
falhng due within one year|19|(1,697,789)|(1,922,853)|
|NET CURRENT ASSETS||1,721,921|1,734,942|
|TOTAL ASSETS LESSCURRENT LIABILITIES||16,418,216|16,376,068|
|CREDITORS||||
|Amounts
falling due after more than one year|21|(938,376)|(1,098,554)|
|NET ASSETS||15,479,840|15,277,514|
|FUNDS||||
|Unrestricted
funds||12,524,897|12,504,608|
|Designated
funds|24|337,778|150,000|
|Endowment
funds|25|2,617,165|2,622,906|
|TOTAL FUNDS||15,479,840|15,277,514|
##
|FOR THE YEAR ENDED 31AUGUST 2|020|||
|---|---|---|---|
||Notes|2020
f|2019
f|
|Cash flows from operating
activities||||
|Cash generated
from operations||376,957|448,668|
|Net cash provided
by operating
activities||376,957|448,668|
|Cash flows from investing
activities||||
|Purchase oftangible
fixed assets|13|(336,212)|(127,159)|
|Purchase of fixed asset investments|15|(1,337,404)|(974,622)|
|Sale oftangible
fixed assets||1,500||
|Sale offixed asset investments|15|1,245,380|999,794|
|Interest received||7,285|2,998|
|Dividends
received||26,348|32,303|
|Net cash used
in investing
actwities||~393,103)|~66,686)|
|Cash flows from financing
activities||||
|Income attributable
to endowment|25|(13,471)|50,027|
|Expenditure
attributable
to endowment
Repayment
of long term bank loan|25|(24,711)
~160,178)|(25,652)
~180,000)|
|Net cash (used in)/provided
by financing|activities|~198,360)|~155,625)|
|Change
in cash and cash equivalents|in|||
|the reporting
period||(214,506)|226,357|
|Cash and cash equivalents
at the||||
|beginning
ofthe reporting
period||3,405,344|3,178,987|
|Cash and cash equivalents
at the end|of|||
|the reporting
period||3,190,838|3,405,344|
##
##
|NOT
FOR|ES TO THE CASH FLOW STATEMENT
THE YEAR ENDED 31 AUGUST 2020|ES TO THE CASH FLOW STATEMENT
THE YEAR ENDED 31 AUGUST 2020|||||
|---|---|---|---|---|---|---|
||RECONCILIATION
OF NET INCOME TO||NET CASH FLOW|FROM OPERATING|ACTIVITIES||
||||||2020f|2019
8|
||Net income for the|reporting
period (as|per the Statement|of Financial|||
||Activities)||||202,326|304,131|
||Adjustments
for:||||||
||Depreciation
charges||||405,507|371,151|
||Gain on investments||||(32,441)|(9,668)|
||Prost on disposal of|fixed assets|||(1,500)||
||Interest received||||(7,285)|(2,998)|
||Dividends
received||||(26,348)|(32,303)|
||Income attributable
to endowment||||13,471|(50,027)|
||Expenditure
attributable
to endowment||||24,711|25,651|
||Decrease
in stocks||||19,431||
||Decrease/
(increase)
Decrease
in creditors|in debtors|||4,147
~225,066)|(70,122)
~87,14|
||Net cash provided|by operations|||376,957|448,668|
|2.|ANALYSIS OF CASH AND CASH EQUIVALENTS||||||
||||||2020|2019|
||Cash in hand||||3,190,838|3,405,344|
||Total cash and cash equivalents||||3,190,838|3,405,344|
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|||||||2020|2019|
|---|---|---|---|---|---|---|---|
||||Unrestncted|Designated|Endowment|Total|Total|
||||funds
5|funds
f|funds
f|funds|funds
f|
|School fees|||7,463,217|||7,463,217|7,407,147|
|Registration||fees|12,869|||12,869|14,799|
|Bursaries|and|||||||
|scholarships|||(910,968)||(39,819)|(950,787)|(888,963)|
|Hardship|discount||(181,437)|||(181,437)||
|Transport|income||88,423|||88,423|126,483|
||||6472 104||39,819|6,432,285|6,659,466|
##
|OTHER TRADING ACTIVITIE|S|||||
|---|---|---|---|---|---|
|||||2020|2019|
||Unrestricted|Designated|Endowment|Total|Total|
||funds|funds
f|funds
E|funds
5|funds
f|
|Rental income|1,745|||1,745|183,144|
|Job retention scheme grant|282,721|||282,721||
||284,466|||284,466|183,144|
|INVESTMENT INCOME||||||
|||||2020|2019|
||Unrestncted|Designated|Endowment|Total|Total|
||funds
6|funds
f|funds|funds
f|funds
f|
|Income from listed|||26,348|26,348|32,303|
|investments||||||
|Income from investment||||||
|property|||||18,700|
|Interest received|7,285|||7,285|2,998|
||7,285||26 348|33,633|54,001|
##
##
|||||||||2020|2019|
|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Designated|Endowment|Total|Total|
||||||funds|funds|funds|funds|funds|
|||||||f|f|6|6|
|Gain|on|sale|offixed|assets|1,500|||1,500||
||||||1,500|||1,500||
|7.|EXPENDITURE||||||
|---|---|---|---|---|---|---|
|||Staff|Depreciation|Other|Total|Total|
|||Costs||Costs|2020|2019|
||Raising funds||||||
||Investment
management|||5,088|5,088|6,028|
||fees||||||
||Fundraising
costs|||5,122|5,122|8,164|
||Total costs of||||||
||raising funds|||10,210|10,210|14,192|
||Charitable
activities||||||
||Education||||||
||Teaching costs|2,616,901|19,623|296,787|2,933,311|2,664,972|
||Welfare costs|241,283||431,628|672,911|815,768|
||Premises costs|473,617|385,884|1,146,930|2,006,431|2,146,869|
||Support costs|526,439||469,486|995,925|958,386|
||Finance costs|||24,996|24,996|1,475|
||Governance
costs|||30,457|30,457|20,385|
||Total charitable||||||
||activities|3,858,240|405,507|2,400,284|6,664,031|6,607,855|
||Total expenditure||||||
|||3,858,240|405,507|2,410,494|6,674,241|6,622,047|
##
|SUPPORT COST|S|||
|---|---|---|---|
|||2020|2019|
|||f|f|
|Support staff costs||526,439|535,914|
|Marketing
costs||138,951|80,804|
|Computer
costs||8,762|25,538|
|Post &stationery||41,492|49,308|
|Staff welfare &other|staff costs|53,440|30,466|
|Staff recruitment||18,693|40,285|
|Telephone||8,321|4,954|
|Overseas
recruitment|&commission|84,485|91,924|
|Professional
fees||56,833|28,043|
|Travel &subsistence||5,619|4,174|
|Subscriptions||18,574|14,527|
|Miscellaneous
costs||34,316|52,449|
|TOTAL||995,925|958,386|
##
##
##
|||2020|2019|
|---|---|---|---|
|||6|F|
|Wages|and salanes|3,033,206|2,957,249|
|Social|security costs|303,371|288,137|
|Other|pension costs|521,663|384,598|
|||3,858,240|3,629,984|
|The average
monthly
number ofemployees
during the y|ear was as follows:||
|---|---|---|
||2020|2019|
|Teaching|54|55|
|Administration|25|19|
|Welfare and premises|36|38|
||115|112|
|||2020|2019|
|---|---|---|---|
|F60,000|- F70,000|2|1|
|680,001|—F90,000||1|
|690,001|- 6100,000|||
##
##
##
|COMPARATIVES
FO|R TH|E|ST|ATEMENT OF|FINANCIAL ACTI|VITIES|||
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Designated|Endowment|Total|
||||||fund
f|fund|funds|fundsf|
|INCOME AND ENDOWMENTS||||FROM|||||
|Donations
and legacies|||||19,899|||19,899|
|Charitable
activities|||||6,641,742||17,724|6,659,466|
|Other trading
activities|||||183,144|||183,144|
|Investment
income|||||21 698||32303|54001|
|Total Income|||||6,866,483||50,027|6,916,510|
|EXPENDITURE ON|||||||||
|Raising funds|||||8,164||6,028|14,192|
|Charitable
activities|||||6,588,232||19,623|6,607,855|
|Total Expenditure|||||6,596,396||25,651|6,622,047|
|Net realised gains/(losses)||on|investments||||(7,599)|(7,599)|
|Net unrealised
gains/(losses)|||on|investments|||17267|17,267|
|NET INCOME|||||270,087||34,044|304,131|
|RECONCILIATION
OF FUNDS|||||||||
|Total funds brought|forward||||12,234,521|150,000|2,588,862|14,973,383|
|TOTAL FUNDS CARRIED||FORWARD|||12,504,608|150,000|2,622,906|15,277,514|
##
##
##
##
|TANGIBLE FIXEDASSET|S|||||
|---|---|---|---|---|---|
|||Fixtures||Assets||
||Land and|and|Motor|under||
||buildings|fittings|vehicles|construction|Totals|
|||5|5||5|
|COST||||||
|At 1 September 2019|16,478,070|362,469|37,158||16,877,697|
|Additions
Disposals|30,841|227,787|35,650
~113s|41,934|336,212|
|At 31 August 2020|16,508,911|590,256|61,463|41,934|17,202,564|
|DEPRECIATION||||||
|At 1 September 2019
Charge for year
Eliminated
on disposal|3,608,671
340,396|280,712
56,363|32,982
8,750
~3tti||3,922,365
405,509|
|At 31 August 2020|3,949,067|337,075|30,387||4316529|
|NET BOOK VALUE||||||
|At 31 August 2020|12,559,844|253,181|31,076|41,934|12,886,035|
|At 31 August 2019|12,869,399|81,757|4,176||12,955,332|
##
|||||f|
|---|---|---|---|---|
|Fair|value|at|1 September 2019|600,000|
|Fair|value|at|31 August 2020|600,000|
|FIXEDASSET INVESTMENTS||
|---|---|
||Managed|
||investments|
|NIARKET VALUE||
|At 1 September 2019|1,085,794|
|Acquisitions
at cost|1,337,404|
|Disposals|(1,245,380)|
|Change
in value during the year|32,441|
|At 31 August 2020|1,210,259|
|NET BOOK VALUE||
|At 31 August 2020|1,210,259|
|At 31 August 2019|1,085,794|
|Historical cost.||
|At 31 August 2020|1,210,224|
|At 31 August 2019|961,445|
|16.|STOCKS|
|---|---|
||Stocks|
|1,210,259 —100'/o||
|---|---|
|2020|2019|
|f|6|
|11,059|30,490|
##
##
|DEBTORS:AMOUNTS
FALLING DUE WITHIN O|NE YEAR||
|---|---|---|
||2020|2019|
|Trade debtors|132,494|132,483|
|Accrued income|79,920||
|Prepayments|5,400|89,478|
||217,814|221,961|
##
##
##
||||||Designated|Endowment|
|---|---|---|---|---|---|---|
||||General|fund
f|fund
f|fund
f|
|Operational
cash|||2,272,710||337,778|536,651|
|Managed
investment|cash|||||6,720|
|Total|||2,272,710||337,778|543,371|
||||||2020|2019|
||||Bursary|fund
f|Total funds|Total funds|
|Operational
cash|||36,979||3,184,118|3,318,988|
|Managed
investment|cash||||6,720|86,356|
|Total|||38,979||3 99838|3 98 3 4|
|CREDITORS: AMOUNTS||FALLING DUE WITHIN ONE YEAR|||||
||||||2020
f|2019
f|
|Bank loans and overdrafts||(see note 21)|||180,000|180,000|
|Trade creditors|||||105,121|155,247|
|Soaal secudity and|other taxes||||76,849|74,292|
|Fees in advance|||||655,235|994,607|
|Accruals and other|creditors||||680,584|518,707|
||||||1,697,789|1,922,853|
##
##
##
|21.|CREDITORS: AMOUNTS|CREDITORS: AMOUNTS|FALLING DUE AFTER MORE THAN ONE YEAR|FALLING DUE AFTER MORE THAN ONE YEAR|||
|---|---|---|---|---|---|---|
||||||2020|2019|
||||||6|8|
||Bank loans|(see note 22)|||938,376|1,098,554|
|22.|LOANS||||||
||An analysis|ofthe maturity|of|loans is given below|||
||||||2020|2019|
|||||||8|
||Amounts
falling due within||one year on demand.||||
||Bankloans||||180,000|180,000|
||Amounts
falhng between
Bank loans -1-2 years||one|and two yeartni|180,000|180,000|
||Amounts
falling due between|||two and five years|||
||Bank loans|- 2-5 years|||540,000|540,000|
||Amounts
falling due in more than five years:||||||
||Repayable|by instalments:|||||
||Bank loans|more 5years|||218,376|378,554|
|The total future
minimum
lease payments
under non-cance|llable
operating
leases are as follows:||
|---|---|---|
||Other operating|leases|
||2020|2019|
||5||
|Less than one year|11,861|15,649|
|Between two and five years|13,436|23,377|
##
|ds by th|e Governors
f|or specifi|c purposes|||||
|---|---|---|---|---|---|---|---|
||||Balance at|Income|Expenditure|Transfers|Balance at|
|||1|September||||31August|
||||2019||||2020|
||||8||||8|
|Spedal|prolects||150,000||||150,000|
|Hardship|fund|||87,778||100,000|187,778|
||||150,000|87,778||100,000|337,778|
##
##
##
|||Balance at|Income|Expenditure|Transfers|Investment|Balance at 31|
|---|---|---|---|---|---|---|---|
|||1 September||||Gains/|August 2020|
|||2019
f|||f|Losses
f||
|Permanent||||||||
|endowments||||||||
|Jane Tomkinson||1,347|||||1,347|
|Expendable||||||||
|endowments||||||||
|CJ Endowment|fund|2,621,559|(13,471)|(24,711)||32,441|2,615,818|
|||2,622,906|13,471|24,711||32,441|2,617,165|
##
##
|||||2020|2019|
|---|---|---|---|---|---|
||Unrestricted|Designated|Endowment|Total|Total|
||fundf|fundf|funds|funds
f|funds
f|
|Fixed assets|12,059,481||826,554|12,886,035|12,955,332|
|Investments|600,000||1,210,259|1,810,259|1,685,794|
|Current assets|2,501,583|337,778|580,352|3,419,713|3,657,794|
|Current
habilities
Long term habilities|(1,697,791)
~938,3 67|||(1,697,791)
~9383767|(1,922,853)
~7998
9|
||12,524,897|337,778|2,617,165|15,479,840|15,277,513|
##
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