## ||||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| ## |27.|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| ## ## ## ## ##