**REGISTERED COMPANY NUMBER: 01515144 (England and Wales) REGISTERED CHARITY NUMBER: 510515**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020**
## **FOR**
**CASTLE HOUSE SCHOOL TRUST LIMITED**
Barringtons Limited 41 Cheshire Street Market Drayton Shropshire TF9 1PH
**CASTLE HOUSE SCHOOL TRUST LIMITED**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Balance Sheet**|5|to|6|
|**Cash Flow Statement**||7||
|**Notes to the Cash Flow Statement**||8||
|**Notes to the Financial Statements**|9|to|16|
|**Detailed Statement of Financial Activities**|17|to|18|
**CASTLE HOUSE SCHOOL TRUST LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2020**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The charity's objects, as set out in its Memorandum and Articles of Association, is to promote and provide for the advancement of education of children. In pursuance of these objects, the charity runs the undertaking known as Castle House School, Newport Shropshire.
The trustees confirm that they have had regard to the guidance issued by the Charity Commission on public benefit.
## **STRATEGIC REPORT**
## **Achievement and performance**
## **Charitable activities**
Castle House School seeks to benefit the public through the pursuit of its stated aims. Our fees are set at a level to ensure the financial viability of the school, at a level that is consistent with our aim of providing a first class education to boys and girls, and at a level to enable access by as wide a cross-section of the public as possible.
Our bursary policy and social provision for the community contribute to a widening access to the education we offer and the facilities we enjoy.
Our school choir is actively engaged in musical events within the town of Newport, performing in such events as the lights switch on and carol service. The school supported the local 'Field to Fork' festival as well as the Newport Show, at both events running free workshops for children and providing refreshments for the wider community.
## **Financial review**
## **Financial position**
The trustees are pleased to report a positive year, with a surplus of £37,471 (31.08.2019 - £54,922). The reserves stood at £492,694 compared to £455,224 at 31.08.2019.
## **Reserves policy**
All of the reserves held at the year-end are represented by the general undesignated fund, as other historic funds have been used in full for their specified purpose.
The purpose of the school's reserves is to ensure its stability and ongoing operations. The school building itself services the assets of the charity and needs to be preserved to achieve the charity's objective.
As the school building is not available for distribution, it is the policy of the trustees to continue to build up reserves to a level which would allow the school to operate efficiently from its cash balances.
## **Going concern**
Like many concerns, the school has felt the effect of the Covid-19 pandemic during the year. However, with the support of parents, income levels have stayed at a similar level to before, and the trustees have been able to take the necessary action to ensure that the school can continue.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
Castle House School Trust Limited was formed in September 1980, a company limited by guarantee, and not having share capital and is governed by its Memorandum and Articles of Association.
The directors are also referred to as trustees and governors, and for the purpose of this report are collectively referred to as the trustees.
Page 1
**CASTLE HOUSE SCHOOL TRUST LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2020**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees**
The method of appointing new trustees consists of initial nominations made by present trustees, who are often people linked to the school. The nominations are then discussed, and a vote is taken.
The trustees undertake an initial induction process into the workings of the charity, including board policy and procedures, organised for them by the headmaster. The trustees are informed of the specific responsibilities of trustees by the use of Charity Commission publications.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
01515144 (England and Wales)
## **Registered Charity number**
510515
## **Registered office**
Castle House School Chetwynd End Newport Shropshire TF10 7JE
## **Trustees**
Mrs J Bailey Banks Vice Chair of Governors D W Aldred Retired Teacher (appointed 12.2.20) Ms S M W Baxter (resigned 1.1.21) T J Beech Acting Chair of Govenor Ms L E Calcroft (resigned 1.4.21) L G Collins Headteacher (appointed 12.2.20) Ms A M D Hay School Governor Ms F M Williams School Governor Ms J Dean (resigned 1.9.19) K I Paton-Feaver (appointed 13.4.21) Miss R L Worrall (appointed 13.4.21)
## **Independent Examiner**
Andrew Wilshaw Chartered Accountant Barringtons Limited 41 Cheshire Street Market Drayton Shropshire TF9 1PH
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on ............................................. and signed on the board's behalf by:
........................................................................ Mrs J Bailey Banks - Trustee
Page 2
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CASTLE HOUSE SCHOOL TRUST LIMITED**
## **Independent examiner's report to the trustees of Castle House School Trust Limited ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2020.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Chartered Accountant which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Andrew Wilshaw Chartered Accountant Barringtons Limited 41 Cheshire Street Market Drayton Shropshire TF9 1PH
Date: .............................................
Page 3
**CASTLE HOUSE SCHOOL TRUST LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2020**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
**Charitable activities**
4
Education
533,134
Other trading activities
2
155
Investment income
3
2
Other income
35,201
**Total**
568,492
**EXPENDITURE ON**
Raising funds
5
-
**Charitable activities**
6
Education
418,321
Other
112,701
**Total**
531,022
**NET INCOME**
37,470
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
455,224
**TOTAL FUNDS CARRIED FORWARD**
492,694|Year Ended
31.8.20
Restricted
Total
fund
funds
£
£
-
533,134
-
155
-
2
-
35,201
-
568,492
-
-
-
418,321
-
112,701
-
531,022
-
37,470
-
455,224
-
492,694|Period
30.8.18
to
31.8.19
Total
funds
£
704,230
3,889
1
1,627|
|---|---|---|
|||709,747
1,842
543,211
109,772|
|||654,825|
|||54,922
400,302|
|||455,224|
The notes form part of these financial statements
Page 4
## **CASTLE HOUSE SCHOOL TRUST LIMITED**
## **BALANCE SHEET**
## **31 AUGUST 2020**
|Notes
**FIXED ASSETS**
Tangible assets
11
**CURRENT ASSETS**
Stocks
12
Debtors
13
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
14
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
15
**NET ASSETS**
**FUNDS**
18
Unrestricted funds
**TOTAL FUNDS**|Unrestricted
funds
£
714,685
-
127,203
83,601
210,804
(220,928)
(10,124)
704,561
(211,867)
492,694|Restricted
fund
£
-
-
-
-
-
-
-
-
-
-|2020
Total
funds
£
714,685
-
127,203
83,601
210,804
(220,928)
(10,124)
704,561
(211,867)
492,694
492,694
492,694|2019
Total
funds
£
719,053
500
15,113
12,872
28,485
(120,165)
(91,680)
627,373
(172,149)
455,224
455,224
455,224|
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
The notes form part of these financial statements
.............................................
Page 5
continued...
**CASTLE HOUSE SCHOOL TRUST LIMITED**
## **BALANCE SHEET - continued 31 AUGUST 2020**
J Bailey Banks - Trustee
The notes form part of these financial statements
Page 6
**CASTLE HOUSE SCHOOL TRUST LIMITED**
## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2020**
|Year Ended
31.8.20
Notes
£
**Cash flows from operating activities**
Cash generated from operations
1
86,871
Interest paid
(5,743)
Net cash provided by operating activities
81,128
**Cash flows from investing activities**
Purchase of tangible fixed assets
-
Interest received
2
Net cash provided by/(used in) investing activities
2
**Change in cash and cash equivalents in**
**the reporting period**
81,130
**Cash and cash equivalents at the**
**beginning of the reporting period**
2
(26,368)
**Cash and cash equivalents at the end of**
**the reporting period**
2
54,762|Period
30.8.18
to
31.8.19
£
11,411
(6,330)
5,081
(1,906)
1
(1,905)
3,176
(29,544)
(26,368)|
|---|---|
The notes form part of these financial statements
Page 7
**CASTLE HOUSE SCHOOL TRUST LIMITED**
## **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2020**
## **1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|Year Ended
31.8.20
£
**Net income for the reporting period (as per the Statement of Financial**
**Activities)**
37,470
**Adjustments for:**
Depreciation charges
4,368
Interest received
(2)
Interest paid
5,743
Decrease in stocks
500
(Increase)/decrease in debtors
(112,090)
Increase/(decrease) in creditors
150,882
**Net cash provided by operations**
86,871
**2.**
**ANALYSIS OF CASH AND CASH EQUIVALENTS**
2020
£
Cash in hand
152
Notice deposits (less than 3 months)
83,449
Overdrafts included in bank loans and overdrafts falling due within one year
(28,839)
Total cash and cash equivalents
54,762
3.
**ANALYSIS OF CHANGES IN NET DEBT**|Period
30.8.18
to
31.8.19
£
54,922
5,811
(1)
6,330
6,652
147,598
(209,901)
11,411
2019
£
-
12,872
(39,240)
(26,368)|
|---|---|
|||
|||
||At 1.9.19|Cash flow|At 31.8.20|
|---|---|---|---|
||£|£|£|
|**Net cash**||||
|Cash at bank and in hand|12,872|70,729|83,601|
|Bank overdraft|(39,240)|10,401|(28,839)|
||(26,368)|81,130|54,762|
|**Debt**||||
|Debts falling due within 1 year|(35,080)|(479)|(35,559)|
|Debts falling due after 1 year|(172,149)|(39,718)|(211,867)|
||(207,229)|(40,197)|(247,426)|
|**Total**|(233,597)|40,933|(192,664)|
The notes form part of these financial statements
Page 8
**CASTLE HOUSE SCHOOL TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Land and buildings not depreciated Fixtures and fittings - 25% on reducing balance
Freehold property is maintained in a good state of repair so that its estimated residual value is not less than its costs. The depreciable amount is therefore taken to be £nil.
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The company contributes to the Teachers' Pension Scheme and a workplace pension scheme for non-teachers. The Teachers' Pension Scheme is a multi-employer defined benefit scheme. It is not possible to identify the assets and liabilities attributable to the company, so it is accounted for as a defined contribution scheme in accordance with FRS102. The workplace pension scheme is a defined contribution scheme, and contributions payable are charged in the statement of financial activities.
continued...
Page 9
**CASTLE HOUSE SCHOOL TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2020**
## **2. OTHER TRADING ACTIVITIES**
|Year Ended
31.8.20
£
PLA fundraising
155
**3.**
**INVESTMENT INCOME**
Year Ended
31.8.20
£
Deposit account interest
2
**4.**
**INCOME FROM CHARITABLE ACTIVITIES**
Year Ended
31.8.20
Activity
£
Fees receivable
Education
525,263
School Trips
Education
4,150
Music and dance lessons
Education
3,563
School uniform
Education
8
Grants
Education
-
Donations
Education
150
533,134
Grants received, included in the above, are as follows:
Year Ended
31.8.20
£
Nursery
-|Period
30.8.18
to
31.8.19
£
3,889
Period
30.8.18
to
31.8.19
£
1
Period
30.8.18
to
31.8.19
£
678,098
5,728
13,581
1,531
5,292
-|
|---|---|
||704,230|
||Period
30.8.18
to
31.8.19
£
5,292|
continued...
Page 10
**CASTLE HOUSE SCHOOL TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2020**
## **5. RAISING FUNDS**
## **Raising donations and legacies**
|**Raising donations and legacies**|||
|---|---|---|
|||Period|
|||30.8.18|
||Year Ended|to|
||31.8.20|31.8.19|
||£|£|
|PLA fundraising expenses|-|1,842|
|**CHARITABLE ACTIVITIES COSTS**|||
|||Direct|
|||Costs|
|||£|
|Education||418,321|
## **6. CHARITABLE ACTIVITIES COSTS**
## **7. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
|||Period|
|---|---|---|
|||30.8.18|
||Year Ended|to|
||31.8.20|31.8.19|
||£|£|
|Depreciation - owned assets|4,368|5,811|
## **8. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 August 2020 nor for the period ended 31 August 2019.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 August 2020 nor for the period ended 31 August 2019.
## **9. STAFF COSTS**
|Year Ended
31.8.20
£
Wages and salaries
329,000
Social security costs
21,703
Other pension costs
35,249
385,952|Period
30.8.18
to
31.8.19
£
418,417
30,711
40,821|
|---|---|
||489,949|
continued...
Page 11
**CASTLE HOUSE SCHOOL TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2020**
## **9. STAFF COSTS - continued**
The average monthly number of employees during the year was as follows:
|Year Ended
31.8.20
Teaching
10
Nursery and care
6
Ancillaries
3
Administration
2
21
No employees received emoluments in excess of £60,000.
**10.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
Restricted
funds
fund
£
£
**INCOME AND ENDOWMENTS FROM**
**Charitable activities**
Education
704,230
-
Other trading activities
3,889
-
Investment income
1
-
Other income
1,627
-
**Total**
709,747
-
**EXPENDITURE ON**
Raising funds
1,842
-
**Charitable activities**
Education
542,472
739
Other
109,772
-
**Total**
654,086
739
**NET INCOME/(EXPENDITURE)**
55,661
(739)
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
399,563
739
**TOTAL FUNDS CARRIED FORWARD**
455,224
-|Period
30.8.18
to
31.8.19
12
5
3
1
21
Total
funds
£
704,230
3,889
1
1,627|
|---|---|
||709,747
1,842
543,211
109,772|
||654,825|
||54,922
400,302|
||455,224|
continued...
Page 12
**CASTLE HOUSE SCHOOL TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2020**
## **11. TANGIBLE FIXED ASSETS**
|Freehold
property
£
**COST**
At 1 September 2019 and 31 August 2020
701,460
**DEPRECIATION**
At 1 September 2019
-
Charge for year
-
At 31 August 2020
-
**NET BOOK VALUE**
At 31 August 2020
701,460
At 31 August 2019
701,460
**12.**
**STOCKS**
Stocks
**13.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Prepayments
**14.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts (see note 16)
Other loans (see note 16)
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income|Fixtures
and
fittings
£
114,299
96,706
4,368
101,074
13,225
17,593
2020
£
-
2020
£
127,203
-
127,203
2020
£
44,398
20,000
10,037
6,682
3,954
135,857
220,928|Totals
£
815,759|Totals
£
815,759|
|---|---|---|---|
|||96,706
4,368||
|||101,074||
|||714,685||
|||719,053||
|||2019
£
500
2019
£
13,597
1,516|2019
£
500|
|||15,113||
|||2019
£
54,320
20,000
9,342
6,160
5,026
25,317||
|||120,165||
continued...
Page 13
**CASTLE HOUSE SCHOOL TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2020**
## **15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
|Bank loans (see note 16)
**16.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank overdrafts
Bank loans
Other loans
Amounts falling between one and two years:
Bank loans - 1-2 years
Amounts falling due between two and five years:
Bank loans - 2-5 years
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal
**17.**
**SECURED DEBTS**
The following secured debts are included within creditors:
Bank overdrafts
Bank loans|2020
£
211,867
2020
£
28,839
15,559
20,000
64,398
25,080
75,240
111,547
2020
£
28,839
227,426
256,265|2019
£
172,149|
|---|---|---|
|||2019
£
39,240
15,080
20,000|
|||74,320|
|||15,080|
|||45,240|
|||111,829
2019
£
39,240
187,229|
|||226,469|
The bank loans and overdraft are secured by a first legal charge over commercial freehold property known as Castle House School, Chetwynd End, Newport, Shropshire, dated 15 September 2006.
continued...
Page 14
**CASTLE HOUSE SCHOOL TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2020**
## **18. MOVEMENT IN FUNDS**
|At 1.9.19
£
**Unrestricted funds**
General fund
455,224
**TOTAL FUNDS**
455,224
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
568,492
**TOTAL FUNDS**
568,492
**Comparatives for movement in funds**
Net
At
movement
30.8.18
in funds
£
£
**Unrestricted funds**
General fund
397,790
59,338
Designated fund
1,773
(3,677)
399,563
55,661
**Restricted funds**
Restricted fund
739
(739)
**TOTAL FUNDS**
400,302
54,922
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
704,019
Designated fund
5,728
709,747
**Restricted funds**
Restricted fund
-
**TOTAL FUNDS**
709,747|Net
movement
At
in funds
31.8.20
£
£
37,470
492,694
37,470
492,694
Resources
Movement
expended
in funds
£
£
(531,022)
37,470
(531,022)
37,470
Transfers
between
At
funds
31.8.19
£
£
(1,904)
455,224
1,904
-
-
455,224
-
-
-
455,224
Resources
Movement
expended
in funds
£
£
(644,681)
59,338
(9,405)
(3,677)
(654,086)
55,661
(739)
(739)
(654,825)
54,922|
|---|---|
Page 15
continued...
**CASTLE HOUSE SCHOOL TRUST LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2020**
## **18. MOVEMENT IN FUNDS - continued**
All of the funds at 31.8.2020 are held within the general undesignated fund. Both the designated fund, which was to provide school trips, and the restricted fund, which was to provide gymnastic and music equipment, were exhausted during the year ended 31 August 2019.
## **19. RELATED PARTY DISCLOSURES**
At the year-end, the company owed £20,000 (31.8.2019 - £20,000) by way of interest-free, short-term loan from a trustee.
## **20. LIABILITY OF MEMBERS**
The company is limited by guarantee, and does not have share capital. Each member of the company has undertaken to contribute to the assets of the company in the event of it being wound up while he is a member, or within one year of ceasing to be a member, if so required.
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**CASTLE HOUSE SCHOOL TRUST LIMITED**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2020**
|||Period|
|---|---|---|
|||30.8.18|
||Year Ended|to|
||31.8.20|31.8.19|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Other trading activities**|||
|PLA fundraising|155|3,889|
|**Investment income**|||
|Deposit account interest|2|1|
|**Charitable activities**|||
|Fees receivable|525,263|678,098|
|School Trips|4,150|5,728|
|Music and dance lessons|3,563|13,581|
|School uniform|8|1,531|
|Grants|-|5,292|
|Donations|150|-|
||533,134|704,230|
|**Other income**|||
|Other Income|1,256|1,627|
|Coronavirus Grants|33,945|-|
||35,201|1,627|
|**Total incoming resources**|568,492|709,747|
|**EXPENDITURE**|||
|**Raising donations and legacies**|||
|PLA fundraising expenses|-|1,842|
|**Charitable activities**|||
|Wages|284,902|364,897|
|Social security|20,365|28,629|
|Pensions|34,656|40,201|
|Rates and insurance|24,772|25,099|
|Light and heat|10,406|15,111|
|Telephone|398|-|
|Book and teaching materials|3,827|2,518|
|Sporting activities|2,930|1,181|
|Training|2,252|3,406|
|Catering|11,678|12,749|
|Repairs and renewals|1,996|2,541|
|Garden and ground maintenance|3,523|3,236|
|Cleaning and laundry|3,233|2,485|
|School trips|4,479|9,405|
|Carried forward|409,417|511,458|
This page does not form part of the statutory financial statements
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**CASTLE HOUSE SCHOOL TRUST LIMITED**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2020**
|||Period|
|---|---|---|
|||30.8.18|
||Year Ended|to|
||31.8.20|31.8.19|
||£|£|
|**Charitable activities**|||
|Brought forward|409,417|511,458|
|School uniform purchases|543|6,975|
|Music and dance lessons|8,361|24,778|
||418,321|543,211|
|**Other**|||
|Wages|44,098|53,520|
|Social security|1,338|2,082|
|Pensions|593|620|
|Bad debts|13,038|1,660|
|Accountancy|3,420|3,420|
|Legal fees|4,648|6,165|
|Postage and stationery|10,403|11,966|
|Advertising|925|2,292|
|Sundries|866|2,858|
|Bank charges|1,912|605|
|Licences and subscriptions|10,621|4,251|
|ICT management|10,728|8,192|
|Depreciation of tangible fixed assets|4,368|5,811|
|Interest payable|5,743|6,330|
||112,701|109,772|
|Total resources expended|531,022|654,825|
|**Net income**|37,470|54,922|
This page does not form part of the statutory financial statements
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