2020-08-31-accounts - Old Buckenham Hall (Brettenham) Educational Trust Ltd

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Reference	and Administrative	and Administrative	Details ofthe Company,	Page 1-2
Governors'	Report			3-11
Independent	Auditors'	Report	on the Financial Statements	12- 14
Statement of Financial		Activities
				15
Balance Sheet
				16-17
Statement ofCash Flows
				18
Notes to the	Financial	Statements		19-39

REFERENCE AND	REFERENCE AND	ADMINISTRATIVE DETAILS OF THE COMPANY, ITS GOVERNORS AND ADVISERS FOR THE YEAR ENDED 31AUGUST 2020	ADMINISTRATIVE DETAILS OF THE COMPANY, ITS GOVERNORS AND ADVISERS FOR THE YEAR ENDED 31AUGUST 2020	ADMINISTRATIVE DETAILS OF THE COMPANY, ITS GOVERNORS AND ADVISERS FOR THE YEAR ENDED 31AUGUST 2020
Governors		Mr A R McGregor, Chairman
		Ms P C Calnan
		Mr A W G Dixon-Smith
		Ms C A Ewart
		Ms N J Harrison (resigned 2 April 2020) Mr S Keoghane (appointed 22 November Ms SJ Kerr-Dineen (resigned 15February Mr D J M Liddell	2020) 2021)
		Mr I MacAskill (resigned 31 August 2020) Ms L H Martin
		Mr E G Mason (resigned 13March 2020)
		Ms W A Meadows-Smith (resigned 31 August 2020) Mr CJ Minter
		Mr N Page
		Mrs H K W Pryke (resigned 31 August 2020) Mr J Quick (appointed 13March 2020)
Company	registered
number		00910421
Charity registered
number		310490
Registered	office	Brettenham Park
		Ipswich
		Suffolk
		IP7 7PH
Senior management team		Mr D Griffiths, Headmaster Mr D Mitchell, Senior Deputy Head Mr C Bunting, Director Head Academic
		Mrs C Webster, Head of Pre-Prep Mrs E Easdale, Head of Boarding Mrs L Deville, Director of Finance and Operations Mr N Drake, Deputy Head Co-Curricular
		Mrs G Giflott, Head of Learning Success
Independent	auditors	Larking Gowen LLP
		Chartered Accountants
		1 Claydon Business Park
		Great Blakenham
		ipswich
		IP6 ONL
Bankers		Barclays Bank
		Corporate Banking
		PO Box13699
		Birmingham
		B22FS
			Page	1

		Note	Unrestricted funds 2020 6	Restricted funds 2020 6	Total funds 2020	Total funds 2019
Income from:
Donations and legacies Charitable activities Other trading activities		4 5	1,500 2,947,694	8,794	10,294 2,947,694	17,550 3,275,697
Profit on disposal offreehold	property	7	673,188		673,188	58,749
Total income Expenditure on:			3,622,382	8,794	3,631,176	3,352,196
Charitable activities		8	3,396,934		3,396,934	3,420,125
Total expenditure			3,396,934		3,396,934	3,420,125
Net movement in funds Reconciliation offunds:			225,448	8,794	234,242	(67,929)
Total funds brought forward Net movement in funds			2,312,997 225,448	17,550 8,794	2,330,547 234,242	2,398,476 (67,929)
Total funds carried forward			2,538,445	26,344	2,564,789	2,330,547

						As restated
Fixed assets		Note		2020		2019 6
Tangible assets Current assets		12		4,269,223		4,024,270
Stocks Debtors Cash at bank and	in hand	13 14	20,820 648,362 401,092		18,735 690,757 170,082
			1,070,274		879,575
Creditors; amounts	falling due within one
year		15	(1,357,368)		(1,385,649)
Net current liabilities
				(287,094)		(506,074)
Total assets less Creditors; amounts	current liabilities falling due after more			3,982,129		3,518,196
than one year		16		(1,417,340)		(1,187,649)
Total net assets
				2,564,789		2,330,547
Charity funds
Restricted funds Unrestricted funds		17 17		26,344 2,538,445		17,550 2,312,997
Total funds
				2,564,789		2,330,547

STATEMENT	STATEMENT	OF CASH FLOWS
FOR THE YEAR ENDED 31AUGUST			2020
Cash flows from operating activities			Note	2020f	2019
Net cash used in operating activities			19	(293,395)	60,967
Cash flows from investing activities
Proceeds from the sale of tangible fixed assets Purchase oftangible fixed assets				707,866 (473,870)	7,000 (160,786)
Net cash provided by/(used in) investing	activities			233,996	(153,786)
Cash flows from financing activities
Cash inflowe from new borrowing Repayments of borrowing Interest paid Capital element offinance lease rentals				1,200,000 (834,190) (27,691) (47,710)	(38,239) (27,049) (23,990)
Net cash provided by/(used in) financing	activities			290,409	(89,278)
Change in cash and cash equivalents in Cash and cash equivalents at the beginning	the year ofthe year			231,010 170,082	(182,097) 352,179
Cash and cash equivalents at the end of	the year		20	401,092	170,082
The notes on pages 19to 39form part ofthese financial		statements

Unrestricted	Restricted	Total
funds	funds	funds
2020f	2020	2020
1,500	8,794	10,294

Restricted	Total
funds	funds
2019	2019
17,550	17,550

			Unrestricted	Total
			funds	funds
			2020	2020
			5
Gross Fees
Less: Bursaries		and other allowances	3,053,231	3,053,231
Other incoming		resources	(392,419)	(392,419)
Coronavirus	Job	Retention Scheme grant	129,453 157,429	129,453 157,429
Total 2020
			2,947,694	2,947,694

		Unrestricted	Total
		funds	funds
		2019	2019
Gross Fees Less: Bursaries Otherincoming	and other allowances resources	3,452,697 (348,957) 172,157	3,452,697 (348,957) 172,157
Total 2019		3,275,897	3,275,897

		Unrestricted	Total
		funds	funds
		2020 E	2020f
Teaching
Household		1,817,631	1,817,631
Property		505,549	505,549
Support 8	Administration	619,540	619,540
Financing	costs	411,209	411,209
		43,005	43,005
Total 2020
		3,396,934	3,396,934
		Unrestricted	Total
		funds	funds
		2019	2019
Teaching
Household		1,916,519	1,916,519
Property		611,685	611,685
Support &Administration		554,036	554,036
Financing costs		302,618	302,618
		35,267	35,267
Total 2019
		3,420,125	3,420,125

	Supportand
	Administration	Financing	Total
Administrative overheads Audit and professional fees Bank charges and interest	cost 6 76,392 32,546	costs 6	funds 6 76,392 32,546
Wages and salaries National insurance	227,730	43,005	43,005 227,730
Pension cost	21,800		21,800
Depreciation	10,682 42,059		10,682 42,059
Total 2020	411,209	43,005	454,214
	Support and
	Administration	Financing	Total
	cost	costs	funds
Administrative overheads
Audit and professional fees Bank charges and interest	40,892 25,315		40,892 25,315
Wages and salaries		35,267	35,267
National insurance	191,750		191,750
Pension cost	19,688		19,688
Depreciation	8,978		8,978
	15,995		15,995
Total 2019
	302,618	35,267	337,885

			2020	2019
			6
Depreciation of tangible		fixed asset
-owned by the charity -hire purchase Auditor's remuneration			155,525 38,946	139,886 8,533
Auditor's Operating	remuneration lease rentals	-other services	12,720 3,448	12,360 3,253
			45,068	45,064

				2020	2019
Wages and	salaries
Social security costs Contribution to defined		contribution	pension schemes	1,855,958 164,519 279,160	1,956,611 171,775 203,378
Casual staff				2,299,637	2,331,764
				88,262	171,393
				2,387,899	2,503,157

	2020	2019
Teaching Staff	No.	No.
Other Staff	33	45
	54	46
	87	91

						2020	2019
In	the	band	870,001	-	680,000	No.	No.
In	the	band	680,001	-	890,000

		NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31AUGUST 2020	NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31AUGUST 2020	NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31AUGUST 2020
	Tangible fixed assets
		Freehold property f	Ilotor vehicles f	Fixtures and fittings f	Computer equipment f	Total f
	Cost or valuation
	At 1 September 2019 Additions Disposals	4,781,346 355,303 (45,098)	117,082 3,106	922,578 101,791	292,854 13,670 (27,778)	6,113,860 473,870 (72,876)
	At 31 August 2020	5,091,551	120,188	1,024,369	278,746	6,514„854
	Depreciation
	At 1 September 2019 Charge for the year on	1,219,370	49,050	627,610	193,560	2,089,590
	owned assets Charge for the year on	92,511	1,953	45,655	15,774	155,893
	financed assets On disposals	(11,020)	16,060	9„154	13732 (27,778)	38,946 (38,798)
	At 31 August 2020	1,300,861	67,063	682,419	195,288	2,245,631
	Net book value
	At 31August 2020	3,790,690	53,125	341,950	83,458	4,269,223
At 31August 2019		3,567,976	68,032	294,968	99,294	4,024,270

		2020f	2019
Computer	equipment
Fixtures and fittings		48,172	64,202
Motor vehicles		63,375	72,529
		50,470	64,232
		162,017	200,963

		2020	2019
Food, teaching and housekeeping Heating Oil	supplies	6 9,960	8,836
		10,860	9,900
		20,820	18,736

			As restated
		2020	2019
		6
Due within one year
Fees outstanding
Other debtors		536,841	569,569
Prepayments	and accrued income	48,015 63,506	44,298 76,890
		648,362	690,757

				As restated
			2020	2019
Bank loans and overdrafts			8	5
Payments received on	account		41,548	39,635
Trade creditors			3,100	8,150
Other taxation and social security Obligations under finance lease and hire purchase Feesin advance		contracts	172,678 37,662 36„487	121,492 43,946 47,777
Other creditors			103,516	135,581
Accruals and deferred	income		35,836	32524
			926,541	956,544
			1,357,368	1,385,649

				2020	2019
Bank loans				6	8
Payments	received on account			1,151,577	787,680
Net obligations Feesin advance		under finance lease and hire purchase	contracts	29,100 91,612	25,000 128,032
				145,051	246,937
				1„417,340	1,187,649

	2020	2019
Between one and two years	6
Bank loans
	43,023	787,680
Between two and five years
Bank loans
	1,108,554

				re purchase co	ntracts, included above, are payable a	s follows;
					2020	2019
Between	one	and	five	years	91,612	128,032
					91,612	128,032

Unrestricted funds	Unrestricted funds	Balance at 1 September 2019 5	Income 6	Expenditure F	Balance at 31August 2020 6
General Funds		2,312„997	3,622,382	(3,396,934)	2,538,445
Restricted funds
Sports Hall Fund Capital Donations	Fund	17,550			17,550
			8,794		8,794
		17,550	8,794		26,344
Total offunds		2,330„547	3,631,176	(3,396,934)	2,564,789
Restricted Funds

Unrestdicted	Balance at 1 September 2018 8	Income 8	Expenditure	Balance at 31August 2019
General Funds	2,398,476	3,334,646	(3,420,125)	2,312,997
Restricted funds
Sports Haft Fund
		17,550		17,550
Total offunds	2,398,476	3,352,196	(3,420,125)	2,330,547

	Unrestricted	Restricted	Total
	funds	funds	funds
	2020 6	2020f	2020f
Tangible fixed assets Current assets	4,269,223		4,269,223
Creditors due within one year Creditors due in more than one year	1,043,930 (1,357,368) (1,417,340)	26,344	1,070,274 (1,357,368) (1,417,340)
Total
	2,538,445	26,344	2„584,789
Analysis ofnet assets between funds - prior year
	Unrestricted	Restricted	Total
	funds 2019	funds 2019	funds 2019
Tangible fixed assets Current assets	4,024,270		4,024,270
Creditors due within one year Creditors due in more than one year	862,025 (1,385,649) (1,187,649)	17,550	879,575 (1,385,649) (1,187,649)
Total	2,312,997	17,550	2330,547

					2020	2019
Net income/expenditure for Activities)	the	period	(as per Statement	of Financial	234,242	(67,929)
Adjustments for:
Depreciation charges Profit on the sale of fixed assets (Increase)/decrease in stocks					194,839 (673,788)	148,419 (6,959)
(Increase)/decrease in debtors					(2,084)	593
increase/(decrease) in creditors					(479,694)	36,090
(Decrease) in fees in advance					539,350	(55,860)
Interest paid					(133,951) 27,691	(20,436) 27,049
Net cash provided by/(used	in) operating		activities		(293,395)	60,967

				2020	2019
	Cash in hand			6
				401,092	170,082
	Total cash and cash	equivalents		401,092	170,082
21.	Analysis ofchanges	in net debt
	Cash at bank and in hand Debt due within 1 year Debt due after 1 year Finance leases		At 1 September 2019 6 170,082 (39,635) (787,680)	Cash flows 6 231,010 (1,913) (363,897)	At 31 August 2020f 401,092 (41,548) (1,151,577)
			(175,809)	47,710	(128,099)
			(833,042)	(87,090)	(920,132)