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|||Page|
|---|---|---|
|Reference and administrative
details ofthe charity, its trustees|and advisers||
|Trustees'
report||2-4|
|Independent
examiner's
report|||
|Statement offinancial activities|||
|Balance sheet|||
|Statement ofcash flows|||
|Notes to the financial statements||9-17|
##
|Trustees||Mrs Sharon Baker (resigned|Mrs Sharon Baker (resigned|Mrs Sharon Baker (resigned|31 March 2022)|31 March 2022)|
|---|---|---|---|---|---|---|
|||Dr Katrina Bradley|||||
|||Revd Samuel Denyer,||ExOfficio|||
|||Mr David Hiscox'|||||
|||Mr Peter Hoddinott|(resigned||31 August 2021)i||
|||Mr Richard
Houlton|(resigned|||21 September 2021)"|
|||Miss Kat Kinshaw|||||
|||Mrs Elizabeth Ramsay||(resigned 7February 2022)'|||
|||Dr Kevin Rowlands|||||
|||Dr Elizabeth Walker (resigned||||14August 2021)|
|||Mr Jonathan
Brown|(appointed|||26 January 2022)|
|||Mrs Jackie Croft (appointed|||1|September 2021)|
|||Mrs Jean James (appointed|||1|September 2021, resigned 16June 2022)|
|||Mr Mark Woodlock,|Headteacher'||||
|||Mrs Jennifer Warnock|||||
|||'|||||
|||Foundation
Committee|||||
|Charity registered|||||||
|number||310266|||||
|Principal office||The Blue School|||||
|||Kennion Road|||||
|||Wells|||||
|||Somerset|||||
|||BA5 2NR|||||
|Independent|examiner|Bishop Fleming
Bath Limited|||||
|||Chartered
Accountants|||||
|||10Temple Back|||||
|||Redcliffe|||||
|||Bristol|||||
|||Bsi 6FL|||||
|Bankers and|advisers|HSBC Bank Pic|||||
|||1 Market Place|||||
|||Wells|||||
|||Somerset|||||
|||BA5 2RN|||||
|||Rathbone
Investment||Management|||
|||The Senate|||||
|||Southernhay
Gardens|||||
|||Exeter|||||
|||EX1 1UG|||||
|Solicitors||Harris
& Harris|||||
|||Diocesan Registry|||||
|||14Market Place|||||
|||Wells|||||
|||Somerset|||||
|||BA52RE|||||
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||||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|funds|
||||2021|2021|2021|2021|2020|
|||Note|6|6|F|E|6|
|INCOIIIIE AND ENDOWMENTS||||||||
|FROM:||||||||
|Donations
and legacies
Investments|||30
450||34,099|30
34,549|27,106|
|TOTAL INCOME AND||||||||
|ENDOWMENTS|||480||34,099|34,579|27,106|
|EXPENDITURE ON:||||||||
|Raising funds
Charitable
activities||4
4,6|77I842||('I0,185)|(10,185)
77,842|4,046
25,625|
|TOTAL EXPENDITURE|||77,842||(10,185)|67,657|29,671|
|NET INCOME I||||||||
|(EXPENDITURE) BEFORE
INVESTMENT GAINS
Net gains on investments|||(77,362)||44,284
99$492|(33,078)
99,492|(2,565)
69,547|
|NET INCOME I||||||||
|(EXPENDITURE)
TRANSFERS|BEFORE||(77,362)||143,776|66,414|66,982|
|Transfers
between|Funds|13|34,099||(34,099)|||
|NET IIIIOVEIIIIENT|IN FUNDS||(43,263)||109$877|66$414|66$982|
|NET IIIIOVEllllENT|IN FUNDS||(43,263)||109,677|68,414|66,982|
|RECONCILIATION|OF FUNDS:|||||||
|Total funds brought|forward||11,075|500,000|2,054,961|2,566,036|2,499,054|
|TOTAL FUNDS CARRIED|||(32,188)|500,000|2$164,838|2,632,450|2,566,036|
|FORWARD||||||||
##
|||||2021||2020|
|---|---|---|---|---|---|---|
|||Note||6|||
|FIXEDASSETS|||||||
|Investment
property
Investments||10
11||745,734
1,809,581||745,734
1,699,934|
|||||2,555,315||2,445,668|
|CURRENT ASSETS|||||||
|Cash at bank and In hand|||78,635||140,491||
|CREDITORS: amounts
one year|falling due within|12|(1I500)||(20,123)||
|NET CURRENT ASSETS||||77,135||120,366|
|NET ASSETS||||2,632,450||2,566,036|
|CHARITY FUNDS
Endowmentfunds||13||2,164,638||2,054,961|
|Restricted
funds||13||500,000||500,000|
|Unrestricted
funds||13||(32,188)||11,075|
|TOTALFUNDS||||2,532,450||2,566,036|
##
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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
||||||Note|6|6|
|Cash flows from operating|||activities|||||
|Net cash|used in operating|activities|||15|(74,370)|(4,609)|
|Proceeds|from sale of investments|||||126,593|274,293|
|Purchase|of investments|||||(132,017)|(329,407)|
|Net cash|used in investing||activities|||(51424)|(55,114)|
|Change|in cash and cash||equivalents|in the year||(79,794)|(59,723)|
|Cash and cash equivalents|||brought
forward|||163,811|223,534|
|Cash and cash equivalents|||carried forward||16|84,017|163,811|
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|||||||Total|Total|
|---|---|---|---|---|---|---|---|
|||||||funds|funds|
|||||||2021
6|2020f|
|Property
legal and professional||||fees||48|93|
|Profit on the sale of listed
Investment
management|||investments
fees|||(221669)
12,436|(7,452)
11,405|
|||||||(10,185)|4,046|
|Total 2020||||||4,046||
|ANALYSIS|OF GRANTS|||||||
|||||||2021|2020|
|||||||6|E|
|Student
uniforms||||||2,815|2,353|
|School photography|||||||2,740|
|Chaplain's|budget|||||500|500|
|Contribution|towards|school projects||||28I500|17,500|
|Contribution|towards|new|recreational||area|43,445||
|Retirement|gifts|||||90|23|
|Miscellaneous||||||100|100|
|||||||75,450|23,216|
##
|||||Total|Total|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2021
E|2020f|
|Accountancy|fees|||1,050|1,050|
|Independent|examiners'||fee|460|450|
|Insurance||||362|409|
|Clerk to Governors||honorarium||500|500|
|Bank charges||||30||
|||||2,392|2,409|
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|FIXEDASSET INVESTMENTS||||
|---|---|---|---|
||Listed|||
||securities|Cash|Total|
|MARKET VALUE||||
|At 1 January 2021|1,676,614|23,320|1,699,934|
|Additions|132,017|180,692|292,709|
|Disposals|(103,924)|(178,630)|(282,554)|
|Revaluations|99,492||99,492|
|At 31 December 2021|1,804,199|5,382|1,809,581|
##
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|INVESTMENTS AT MARKET VALUE COMPRISE:|INVESTMENTS AT MARKET VALUE COMPRISE:|INVESTMENTS AT MARKET VALUE COMPRISE:|INVESTMENTS AT MARKET VALUE COMPRISE:||||||
|---|---|---|---|---|---|---|---|---|
|Listed investments||||||1,804,199||1,676,614|
|Cash held for investment||||||5,382||23,320|
|Total market value||||||1,809,581||1,699,934|
|All the fixed asset investments
are held||in the UK|||||||
|12.
CREDITORS: AMOUNTS
FALLING DUE WITHIN||||ONE YEAR|||||
|||||||2021||2020|
|||||||6||2|
|Accruals and deferred|income|||||1,500||20,123|
|13.
STATEMENT OF FUNDS|||||||||
|STATEMENT OF FUNDS -|CURRENT YEAR||||||||
|||||||||Balance at|
||Balance at|||||||31|
||1January||||Transfers|Gains/||December|
||2021
5|Income
5|Expenditure
6||io/outf|(Losses)
6||2021
E|
|UNRESTRICTED FUNDS|||||||||
|Capital Revaluation|4,651|||||||4,651|
|General
Funds|6,424|480||(771842)|34,099|||(36,839)|
||11&075|480||(77,842)|34,099|||(32I188)|
|ENDOWMENT
FUNDS|||||||||
|Capital Fund|1,991,794|34,099||10,185|(34,099)|99,492||2,101,471|
|Maintenance
Fund|2,000|||||||2,000|
|Extraordinary
Repair Fund|61,167|||||||61,187|
||2,054,961|34,099||10,185|(34,099)|99,492||2,164,638|
|RESTRICTED FUNDS|||||||||
|Capital Fund|500,000|||||||500,000|
|Total offunds|2,566,036|34,579||(67,657)||99,492||2,632,450|
##
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|STATEIIENT OF FUN|DS|- PRIOR YEAR|||||||
|---|---|---|---|---|---|---|---|---|
|||||||||Balance at|
|||Balance at||||||31|
|||1 January||||Transfers|Gains/|December|
|||2020|Income||Expenditure|in/out|(Losses)|2020|
|||||E|E||F|F|
|GENERAL FUNDS|||||||||
|Capital Revaluation||4,651||||||4,651|
|General Funds||4,943||775|(25,625)|26,331||6,424|
|ENDOWMENT|FUNDS||||||||
|Capital
Fund||1,926,293|26,331||(4,046)|(26,331)|69,547|1,991,794|
|Maintenance
Fund||2,000||||||2,000|
|Extraordinary
Repair Fund||61,167||||||61,167|
|||1,989,460|26,331||(4,046)|(26,331)|69,547|2,054,961|
|RESTRICTED FUNDS|||||||||
|Capital
Fund||500,000||||||500,000|
|Total offunds||2,499,054|27,106||(29,671)||69,547|2,566,036|
|SUMMARY OF|FUNDS - CURRENT||YEAR||||||
|||||||||Balance at|
|||Balance at||||||31|
|||1January||||Transfers|Gains/|December|
|||202'I|Income||Expenditure|in/out|(Losses)|2021|
|||E||F|E|E|E|E|
|General funds
Endowment
funds||111075
2,054,961|480
34,099||(7'/,842)
10,185|34,099
(34,099)|99,492|(32,188)
2,164,638|
|Restricted funds||500,000||||||500,000|
|||2,566,036|34,579||(67,657)||99,492|2,632,460|
##
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|||||||||Balance at|
|---|---|---|---|---|---|---|---|---|
||||Balance at|||||31|
||||1 January|||Transfers|Gains/|December|
||||2020|Income|Expenditure|in/out|(Losses)|2020|
||||E|5|||2||
|General
funds
Endowment
funds
Restricted funds|||9,594
1,989,460
500,000|775
26,331|(25,625)
(4,046)|26,331
(26,331)|69,547|11,075
2,054,961
500,000|
||||2,499,054|27,106|(29,671)||69,547|2,566,036|
##
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||Unrestricted|Restricted|Endowment|Total|
|---|---|---|---|---|
||funds|funds|funds|funds|
||2021|2021|2021|2021|
||E|6|E|5|
|Fixed asset investments
Investment
property||500,000|1,809,581
245,734|1,809,581
745,734|
|Current assets
Creditors due within one year|(30,6&8)
(1,600)||109,323|78,635
(1,500)|
||(32,188)|500,000|2,164,638|2,632,450|
|ANALYSIS OF NET ASSETS BETWEEN FUNDS -PRIOR YEAR|||||
||Unrestricted|Restricted|Endowment|Total|
||funds|funds|funds|funds|
||2020
F|2020
f|2020
5|2020|
|Fixed asset investments
Investment
property||500,000|1,699,934
245,734|1,699,934
745,734|
|Current assets
Creditors due within one year|31,198
(20,123)||109,293|140,491
(20,123)|
||11,075|500,000|2,054,961|2,566,036|
##
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|RECONCILIATION
OF NET
ACTIVITIES|MOVEMENT|IN FUNDS TO NET CASH F|LOW FROM OPERAT|ING|
|---|---|---|---|---|
||||2021f|2020f|
|Net income for the year (as|per Statement|of Financial Activities)|88,414|66,962|
|Adjustment
for".|||||
|Net gain on investments|||(99,492)|(69,547)|
|Profit on the sale offixed assets|||(22,669)|(7,452)|
|(Decrease)/increase
in creditors|||(18,823)|5,406|
|Net cash used in operating|activities||(74,370)|(4,609)|
|ANALYSIS OF CASH AND|CASH EQUIVALENTS||||
||||2021|2020|
||||8||
|Cash
in hand|||78,635|140,491|
|Cash held for investment|||5I382|23,320|
|Total|||84,017|163,811|