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2021-07-31-accounts

Trustees Alan Southgate
Sarah Corney
Robert Ramos
David Morley
David Jones
Gavin Metheringham
Company Secretary Mrs M Southgate
Treasurer Dr. Paul Corney
Company number 2185224
Charity number 519496
Registered o6ice Ebenezer Baptist Church
Wyndham
Street
Machen
Caerphilly
CF83 8PU
Accountants RH Jeffs &Rowe Limited
Chartered
Accountants
Pontypridd
CF372HW
Bankers Lloyds Bank pic
Market Square
Pontypridd
Website http://wyclifchristianschool. org/

Page
Trustees report 1-3
Accountants'
report
Statement ofFinancial Activities
Balance sheet 6-7
Cash flow statement
Notes to the flnancial statements 9-15

Notes Total Total
Unrestricted Restricted year to year to
31/07/21 31/07/20
Income
Incoming resources fiom charitable activities:
- School Fees 365,471 365,471 344,674
Voluntary
income:
-Gifts, donations snd other income 23,693 21,474 45,167 69,774
Investment
income		 50 50 29
Total Income 389,214 21,474 410,688 414,477
Expenditure
Charitable
activities
- School operating costs 3 372,229 21,474 393,703 346,584
Total Expenditure 372,229 21,474 393,703 346,584
Movement
in total		 funds for the year:
Net Incoming
(Outgoing)		 resources
before transfers 16,985 16,985 67,893
Net Incoming
(Outgoing)		 resources 16,985 16,985 67,893
Total Funds brought forward 230,477 230,477 162,584
Total Funds carried forward 247,462 247,462 230,477

Company Registration number 2185224
Balance sheet
as at31July 2021
2021 2020
Notes
Fixed Assets
Tangible assets 122,500 108,205
Current Assets
Debtors 16,015 15,170
Cash at bank and in hand 117,252 113,482
133,267 128,652
Creditors: amounts falling
due within one year 7 (8,305) (6,380)
Net Current assets 124,962 122,272
Total Assets Less Current
Liabilities 247,462 230,477
Funds
Unrestricted Funds 247,462 230,477
Restricted Funds
247,462 230,477

for the y ear ended 31 July 2021
2021 2020
Notes g
Reconciliation
ofoperating		 profit to net
cash inflow from operating activities
Operating
profit		 16,985 67,893
Depreciation 4,911 4,236
(increase) in debtors (845) (3,029)
Increase in creditors 1,925 1,715
Net cash inflow from operating activities 22,976 70,815
Cash flow statement
Net cash inflow from operating activities 22,976 70,815
Capital expenditure (19,206)
Increase in cash in the year 3,770 70,815
ReconciTiation ofnet cash flow to movement in net funds (Note )
Increase in cash in the year 3,770 70,815
Net funds atIAugust 2020 113,482 42,667
Net funds at31July 2021 117,252 113,482

Net Income 2021 2020
Net Income is stated after charging:
Depreciation and other amounts
written offtangible		 assets 4,911 4,236
Independent Examiners' remuneration 1,320 1,260
Donations, Gifts dh Other Income 2021 2020
Gifts 65,042 26,249
Gift Aid 4,732 2,744
69,774 28,993

Notes to the f inancial statem ents
for the		 year ended 31July 2 year ended 31July 2 021
3. Total Expenditure Basis of School Governance Total Total
Allocation Operating Costs year to year to
31/07/21 31/07/20
Costs directly allocated to activities
Wages and salaries
Direct
Teaching Materials
Direct		 315,155
10,965		 315,155
10,965		 279,512
8,320
Books Direct 15,848 15,848 10,324
341,968 341,968 298,156
Support costs allocated to activities
Rent and maintenance
Direct		 23,520 23,520 18,027
Wages and salaries (Admin) Direct 8,228 8,228 6,934
Wages - Pension Contributions
Printing,
postage & stationery		 Direct
Direct		 10,949
1,817		 10,949
1,817		 9,247
2,144
Telephone
Accountancy
School Events and Other		 Direct
Direct
Direct		 3,347
(2,357)		 1,320 3,347
1,320
(2,357)		 2,274
1,260
4,306
Depreciation Direct 4,911 4,911 4,236
50,415 1,320 51,735 48,428
392,383 1,320 393,703 346,584

Staff Costs Total Total
year to year to
31/07/21 31/07/20
K
Staffcosts during the Period comprised ofthe following:
Statf Salaries and Expenses 299,332 265,603
Social Security Costs 24,051 20,843
Pension Contributions 10,949 9,247
334,332 295,693
Teachers 30 26
Management 4 Administration 1 1
31 27

Land and Property Fixtures, Fixtures,
5. Tangible fixed assets buildings Improvements fittings and
freehold Equipment Total
Cost
At 1 August 2020 59,680 79,420 11,178 150,278
Additions 19,206 19,206
At 31July 2021 59,680 98,626 11,178 169,484
Depreciation
At 1 August 2020 6,563 26,168 9,342 42,073
Charge for the year 597 3,947 367 4,911
At 31July 2021 7,160 30,115 9,709 46,984
Net book values
At 31 July 2021 52,520 68,511 1,469 122,500
At 1August 2020 53,117 53,252 1,836 108,205
6. Debtors 2021 2020
Outstanding
Fees		 7,683 9,912
Gift Aid due 8,332 4,650
PAYE repayable 608
16,015 15,170
Creditors: amounts falling due 2021 2020
within one year
Other taxes aud social security costs 874
Prepaid Fees 7,431 6,380
8,305 6,380

Unrestricted/Restricted
Funds
At Incoming Outgoing
Transfers
01/08/20 Resources Resources 31/07/21
Unrestricted
Funds
-School Operation 230,477 389,214 (372,229) 247,462
Restricted Funds
-Building Modernisation 21,474 (21,474)
230,477 410,688 (393,703) 247,467.
Analysis ofNet Assets between Funds Total
Unrestricted
Tangible Fixed Assets 122,500 122,500
Current Assets 133,267 133,267
Current Liabilities (8,305) (8,305)
247,462 247,462

2021 2020
Turnover
Fees receivable 365,471 344,674
Donations,
Gifts and Other Income		 45,167 69,774
410,638 414,448
(299,332) (265,603)
Gross protit 27/o 111,306 36/o 148,845
Employer's NI contributions 24,051 20,843
Pension contributions 10,949 9,247
Rent and maintenance 23,520 18,027
Teaching Materials 10,965 8,320
Books 15,848 10,324
Printing, postage &stationery 1,817 2,144
Telephone 3,347 2,274
School Events and Other (2,357) 4,306
Depreciation
on Ireehold		 property 597 597
Depreciation
on property		 improvements 3,947 3,179
Depreciation
on fixtures		 &equipment 367 460
Accountancy 1,320 1,260
(94,371) (80,981)
Operating
profit		 4'/o 16,935 16'/o 67,864
Other income and expenses
Interest receivable
Bank deposit interest 50 29
50 29
Net profit for the year 16,985 67,893