2021-08-31-accounts - Bethany School

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			Page
Governors' Report (Incorporating	the Strategic Report)	1	to	8
Report ofthe Independent Auditors		9	to	11
Statement of Financial Activities			12
Balance Sheet			13
Cash Flow Statement			14
Notes to the Cash Flow Statement			15
Notes to the Financial Statements		16	to	30

BETHANY SCHOOL
BALANCE SHEET
31AUGUST 2021
		2021	2020
FIXEDASSETS	Notes		E
Tangible assets Investments Investment property	13 15 14	12,640,733 1,438,139 600,000	12,886,035 1,210,259 600,000
		14,678,872	14,696,294
CURRENT ASSETS
Stocks Debtors Cash at bank	16 17 18	13,750 167,639 4,267,777	11.059 217,814 3,190,838
		4,449,166	3,419,711
CREDITORS
Amounts falling due within one year	19	(2,039,933)	(1,697,790)
NET CURRENT ASSETS		2,409,233	1,721,921
TOTAL ASSETSLESSCURRENT LIABILITIES		17,088,105	16,418,215
CREDITORS
Amounts falling due after more than one year	21	(771,814)	(938,376)
NET ASSETS		16,316,291	15,479,839
FUNDS
Unrestricted funds Designated funds Restricted funds Endowment funds	24 25 26	12,938,226 315,205 197,022 2,865,838	12,524,897 337,778 2,617,164
TOTAL FUNDS		16,316,291	15,479,839

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2	021
			2021	2020
		Notes	6	E
Cash flows from operating activities Cash generated from operations		1	1,364,413	376,957
Net cash provided by operating activities			1,364,413	376,957
Cash flows from investing activities
Purchase of tangible fixed assets Purchase offixed asset investments		13 15	(193,159)	(336,212) (1,337,404)
Income from investment property Sale oftangible fixed assets Sale offixed asset investments		15	17,000 912 2,608	1,500 1,245,380
Interest received			6,759	7,285
Dividends received			26,782	26,348
Net cash used in investing activities			~139,098)	~393,103)
Cash flows from financing activities Repayment of long term bank loan Income attributable to endowment Expenditure attributable to endowment		26 26	(166,562) 42,209 ~24,023)	(160,178) (13,471) ~24711),
Net cash used in financing activities			(148,376)	(198,360)
Change in cash and cash equivalents the reporting period	in		1,076,939	(214,506)
Cash and cash equivalents at the
beginning ofthe reporting period			3,190,838	3,405,344
Cash and cash equivalents at the end the reporting period	of		4,267,777	3,190,838

NOT FOR	ES TO THE CASH FLOW STATEMENT THE YEAR ENDED 31AUGUST 2021	ES TO THE CASH FLOW STATEMENT THE YEAR ENDED 31AUGUST 2021
	RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
		2021	2020
	Net income for the reporting period (as per the Statement of Financial Activities) Adjustments for:	836,452	202,326
	Depreciation charges Gain on investments Income from investment property Profit on disposal offixed assets Interest received Dividends received Income attributable to endowment Expenditure attributable to endowment (Increase)/decrease in stocks (increase)/decrease in debtors Increase/(decrease) in creditors	437,549 (230,488) (17,000) (6,759) (26,782) (42,209) 24,023 (2,691) 50,175 342,143	405,507 (32,441) (1,500) (7,285) (26,348) 13,471 24,711 19,431 4,147 ~225,062
	Net cash provided by operations	1,364,413	376,957
2.	ANALYSIS OF CASH AND CASH EQUIVALENTS
		2021 f	2020
Cash	in hand	4,267,777	3,190,838
Total	cash and cash equivalents	4,267,777	3,190,838

CHARITAB	LE ACTIVITIES
	Unrestricted funds	Designated funds f	Restricted funds f	Endowment funds f	2021 Total funds	2020 Total funds
School fees Registration fees Bursa ries and scholarships	7,523,505 13,200 (820,439)			15,427	7,523,505 13,200 (805,012)	7,463,217 12,869 (950,787)
Hardship discount Transport income	(189,578) 116,063	(117,669)			(307,247) 116,063	(181,437) 88,423
	6,642.751	~117,669		15,427	6,540,509	6,432,285

		Unrestricted	Designated	Restricted	Endowment	2021	2020
Rental Job scheme	income retention grant	funds f 30,366 183,935	funds	funds	funds	Total funds f 30,366 183,935	Total funds f 1,745 282,721
		214,301				214,301	284,466

		Unrestricted	Designated	Restricted	Endowment	2021	2020
		funds	funds 'f	funds	funds f	Total funds	Total funds
Income from listed investments					26,782	26,782	26,348
Income investment	from	17,000				17,000
property
Interest received		6,759				6,759	7,285
		23,759			26,782	50,541	33,633

EXPENDITURE
	Staff	Depreciation	Other	Total	Total
	Costs		Costs	2021	2020
Raising funds
Investment management			2,600	2,600	5,088
fees
Fundraising costs			10,194	10,194	5,122
Total costs of
raising funds			12,794	12,794	10,210
Charitable activities
Education
Teaching costs	2,365,631	19,623	281,414	2,666,668	2,933,311
Welfare costs	213,133		461,186	674,319	672,911
Premises costs	468,276	417,926	1,163,845	2,050,047	2,006,431
Support costs Finance costs	637,717		411,564 15,042	1,049,281 15,042	995,925 24,996
Governance costs			23,354	23,354	30,457
Total charitable
activities	3,684,757	437,549	2,356,405	6,478,711	6,664,031
Total expenditure
	3,684,757	437,549	2,369,199	6,491,505	6,674,241

SUPPORT COST	S
		2021	2020
		f	f
Support staff costs		637,717	526,439
Marketing costs		89,986	138,951
Computer costs		8,324	8,762
Post 8 stationery		24,296	41,492
Staff welfare &other	staff costs	47,276	53,440
Staff recruitment		36,765	18,693
Telephone		9,073	8,321
Overseas recruitment	&commission	43,981	84,485
Professional fees		44,117	56,833
Travel 8 subsistence		547	5,619
Subscriptions		6,276	18,574
Miscellaneous costs		100,923	34,316
TOTAL		1,049,281	995,925

The number ofemployees whose employee benefits (	excluding employer pension costs) exceeded	860,000
260,000 - 270,000 680,001 - f90,000	2021 3	2020 2
690,001 - 6100,000
6100,001 - 8110,000

			Unrestricted	Designated	Restricted	Endowment	Total
			fundf	fundf	Fund f	funds f	funds f
INCOME AND
ENDOWMENTS FROM
Donations and legacies			4,464	87,778			92,242
Charitable activities			6,472,104			(39,819)	6,432,285
Other trading activities			284,466				284,466
Investment income			7,285			26,348	33,633
Other income			1,500				1,500
Total			6,769,819	87,778		(13,471)	6,844,126
EXPENDITURE ON
Raising funds			5,122			5,088	10,210
Charitable activities			6,644,408			19,623	6,664,031
Total			6,649,530			24,711	6,674,241
Net gains on investments						32,441	32,441
NET
INCOME/(EXPENDITURE)			120,289	87,778		(5,741)	202,326
Tf f 0 1	f	0	~100,000)	100,000
Net movement in funds			20,289	187,778		(5,741)	202,326
RECONCILIATION	OF
FUNDS
Total funds brought
forward			12,504,608	150,000		2,622,905	15,277,513
TOTAL FUNDS CARRIED
FORWARD			12,524,897	337,778		2,617,164	15,479,839

		Fixtures
COST	Land and buildings 6	and fittings	Motor vehicles	Assets under construction	Totals
At 1 September 2020 Additions Disposals At 31August 2021 DEPRECIATION	16,508,911 16,508,911	590,256 98,215 688,471	61,463 ~6,840) 54,623	41,934 94,944 136,878	E 17,202,564 193,159 ~6,840) 17,388.883
At 1 September 2020 Charge for year Eliminated on disposal At 31August 2021 NET BOOK VALUE	3,949,067 342,450 4,291,517	337,075 88,701 425776	30,387 6,398 ,30857,		4,316,529 437,549 ~5,928) 4,748,150
At 31August 2021 At 31August 2020	12,217,394 12,559,844	262,695 253,181	23,766 31,076	'I36,878 41,934	12,640,733 12,886,035

Fair value at 1 September 2020	6
	600,000
Fair value at31August 2021
	600,000
FIXEDASSETINVESTMENTS
	Managed
MARKET VALUE At 1 September 2020	investments f
Acquisitions at cost Disposals	1,210,259
Change in value during the year	(2,608)
At 31August 2021	230,488
NET BOOK VALUE	1,438,139
At 31August 2021
At 31August 2020	1,438,139
	1,210,259
Historical cost:
At 31August 2021
At 31 August 2020	1,207,825
	1,210,224

	As at 31August 2021,the following investment	As at 31August 2021,the following investment	s represented ove	r o	p	p
	Rathbone Unit Trust Mgmt- Core investment		Fund for Charities		1,438,139—100%
16.	STOCKS					2021 E	2020 6
						13,750	11,059
	Stocks
17.	DEBTORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR				2021	2020 f
	Trade debtors Accrued income					89,800 44,788 I 33051	132,494 79,920 5,400
	Prepayments					167,639	217,814
18.	CASH AT BANK
						Designated	Restricted
	Operational cash Managed investment Total Operational cash Managed investment	cash cash		General fund E 3,134,782 3,134,782 Endowment fund F 613,527 7,241 620,788		fund 315,205 315,205 fund F 197,022 167,022 2021 Total funds f 4,260,536 7241, 4267777, , 2020 Total funds F 3,184,118 6,720 3,190,838
	Total

		2021	2020
Bank loans and overdrafts Trade creditors	(see note 20)	180,000	180,000
Social security and other Fees in advance	taxes	144,544 64,362	105,122 76,849
Accrued expenses and other creditors		880,529 770,498	655,235 680,584
		2,039,933	1,697,790

FOR	THE YEAR ENDED 31AUG	UST 2021	UST 2021
21.	CREDITORS: AMOUNTS	FALLING DUE AFTER MORE THAN ONE YEAR		2021	2020 f
	Bank loans (see note 22)			771,814	938,376
22.	LOANS
	An analysis of the maturity	of	loans is given below:
				2021 f	2020 f
	Amounts falling due within Bank loans	one year on demand:		180,000	180,000
	Amounts falling between Bank loans —1-2years	one	and two years:	180,000	180,000
	Amounts falling due between Bank loans -2-5 years		two and five years:	540,000	540,000
	Amounts falling due in more		than five years:
	Repayable by instalments: Bank loans more 5years			51,814	218,376

by the Go	vernors	or specific purpose	s:	uns	which have b	een set aside	out ofunrestricted
		Balance at 1September	Income	Expenditure	Transfers	Investment	Balance at 31
Permanent		2020		f		Gains/ Losses	August 2021
endowments
Jane Tomkinson Expendable endowments		1,347					1,347
CJ Endowment	fund	2,615,817	42,209	(24,023)		230,488	2,864,491
		2,617,164	42,209	24,023		230,488	2,865,838

ANALYSIS OF NET ASSETS BETWEEN FUNDS	Unrestricted	Designated	Restricted
	fund f	fund f	Fund f
	11,833,802
Fixed assets Investments	600,000 3,316,171	315,205	197,022
Current assets Current liabilities	(2,039,933)
Long term liabilities	12,938,226	315,205	197,022
		2021	2020
	Endowment	Total	Total
Fixed assets Investments Current assets Current liabilities	funds f 806,931 1,438,139 620,768	fundsf 12,640,733 2,038,139 4,449,166 (2,039,933) ~771,814)	funds f 12,886,035 1,810,259 3,419,711 (1,697,790) ~938,376)
Long term liabilities	2,865,838	18,316,291	15,479,839