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|---|---|---|---|
|Chairman's|statement||1-3|
|Trustees report|||4-8|
|Statement|oftrustees|responsibilities||
|Independent|auditor's|report|10-12|
|Statement|offinancial|activities|13|
|Balance sheet|||14|
|Statement|ofcash flows||15|
|Notes to the financial||statements|16-33|
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|||||Unrestricted|Endowment|Total|Unrestricted|Endowment|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds||funds|funds||
|||||2020|2020|2020|2019|2019|2019|
|||Notes|||f|8|f|8||
||||I'|||||||
|Donations
and legacies|||3|214,347||214,347|333,643||333,643|
|Charitable
activities|||4|192,782||192,782|287,221||287,221|
|Investments|||5|11,431||11,431|12,935||12,935|
|Other income|||6|2,610||2,610|2,083||2,083|
|Total income||||421,170||421,170|635,882||635,882|
|ClLQRQgttttfkgL||||||||||
|Raising funds||||72||72|885||885|
|Chaditable
activities|||8|460,146||460,146|424,988||424,988|
|Other|||13||50|50|430|50|480|
|Total resources||||||||||
|expended||||460,218|50|460,268|426,303|50|426,353|
|Net gains/(losses)||on||||||||
|investments|||14|(21,577)||(21,577)|(13,771)||(13,771)|
|Net (outgoing)/incoming||||||||||
|resources||||(60,625)|(50)|(60,675)|195,808|(50)|195,758|
|Other recognised||gains|and|losses||||||
|Other gains or losses|||15|3,236||3,236||||
|Net movement|in|funds||(57,389)|(50)|(57,439)|195,808|(50)|195,758|
|Fund balances at 1||||||||||
|September 2019||||2,404,718|150|2,404,868|2,208,910|200|2,209,110|
|Fund balances|at|31||||||||
|August 2020||||2,347,329|100|2,347,429|2,404,718|150|2,404,868|
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||||||2919|
|---|---|---|---|---|---|
||||Notes||6|
|Fixed assets||||||
|Tangible assets|||16|652,214|666,393|
|Investment
properdes|||17|1,2'I0,000|1,210,000|
|Investments|||16|407,186|421,055|
|||||2.269,400|2,297,448|
|Current assets||||||
|Debtors|||20|10,831|11,617|
|Cash at bank and in|hand|||260,366|321,098|
|||||271,197|332,715|
|Creditors: amounts
one year|falling due wllhin||21|(26,069)|(41,482)|
|Iiet current assets||||245,108|291233|
|Total assets less current||liabilities||2,514,506|2,588,681|
|Creditors: amounts
more than one year|faging due alter|||{167,079)|(183,813)|
|||||2,347,429|2,404,868|
|Capital funda||||||
|Endowment
funds - general||||100|150|
|Incomefunds||||||
|~restri e~gda
Designated
funds|||||16,666|
|General unreslricted|funds|||1,446,185|1,476,005|
|Revaluation
reserve||||901,144|912,047|
|||||2,347,329|2,404,718|
|||||2.347,429|2,404,868|
|The financial statements||were approved|by the Trustees|on ..!.C......H+PD~)||
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||||Notes|2020
f|f|2019
f||
|---|---|---|---|---|---|---|---|
|Cash flows from operating||activities||||||
|Cash (absorbed
by)/generated||from|31|||||
|operations|||||(64,455)||166,785|
|Investing|activities|||||||
|Purchase|of investments|||(91,193)||(46,951)||
|Proceeds|on disposal of investments|||83,485||29,501||
|Investment|income received|||11,431||12,935||
|Net cash|generated
from/(used
in)|||||||
|investing|activities||||3,723||(4,515)|
|Net cash|used in financing|activities||||||
|Net (decrease)/increase
in||cash and cash||||||
|equivalents|||||(60,732)||162,270|
|Cash and|cash equivalents
at beginning||ofyear||321,098||158,828|
|Cash and|cash equivalents|at end ofyear|||260,366||321,098|
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||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2020|2019|
||||f|5|
|Donations|and gifts||213,047|333,643|
|Legacies receivable|||1,300||
||||214,347|333,643|
|Donations|and gifts||||
|Church donations|||17,788|28,982|
|Grilfiths Trust|||193,924|185,858|
|Valedictory||||426|
|Personal|||1,234|971|
|Other|||101|456|
|Proceeds|from the sale ofdonated|Baptist Chapel||116,950|
||||213,047|333,643|
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|2020|2019|
|---|---|
||5|
|88,493|163,294|
|104,289|123,927|
|192,782|287,221|
|||||
|---|---|---|---|
||Rental income|88,493|163,294|
||Fees|104,289|123,927|
|||192,782|287,221|
|5|Investments|||
|||Unrestricted|Unrestricted|
|||funds|funds|
|||2020|2019|
|||6|9|
||Dividends|10,607|12,145|
||Interest receivable|824|790|
|||11,431|12,935|
|6|Other income|||
|||Unrestricted|Unrestricted|
|||funds|funds|
|||2020
6|2019f|
||Sundry income|2,610|2,083|
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|||||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|---|---|
|||||||funds|funds|
|||||||2020|2019|
|||||||6|6|
||Advertising|||||72|885|
|||||||72|885|
|8|Charitable||activities|||||
|||||||2020f|2019
6|
||Staffcosts|||||222,814|177,595|
||Depreciation|||and impairment||14,179|14,179|
||Catering|||||3,380|3,197|
||Student|support costs||||110|632|
||Books|||||2,358|1,944|
||Library|||||7,924|6,915|
||Schools|Science Project|||||646|
||Prizes|||||400|3,731|
||Pension|Liability Interest Charge||||3,958|4,705|
|||||||255,123|213,544|
||Grant funding|||ofactivities (see note 9)||11,044|23,511|
||Share ofsupport costs (see note 10)|||||189,779|183,733|
||Share ofgovernance||||costs (see note 10)|4,200|4,200|
|||||||460,146|424,988|
|9|Grants|payable||||||
|||||||2020|2019|
|||||||f|5|
||Grants to individuals|||||11,044|23,511|
|||||||11,044|23,511|
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|10|Support costs|Support costs|||||||
|---|---|---|---|---|---|---|---|---|
||||Support|Govennance|2020|Support|Governance|2019|
||||costs|costs||costs|costs||
||||8|8|||8||
||Staff costs||41,063||41,063|39,915||39,915|
||Operating|lease charges|1,888||1,888|2,088||2,088|
||Telephone||832||832|966||966|
||Printing 8|stationery|4,583||4,583|6,158||6,158|
||Heat, light|and water|19,495||19,495|23,363||23,363|
||Cleaning||18,086||18,086|19,123||19,123|
||Insurance||12,934||12,934|12,319||12,319|
||Professional fees||8,933||8,933|14,951||14,951|
||Sundry||14,403||14,403|10,943||10,943|
||Amenities|&training|8,387||8,387|531||531|
||Travel &conference||||||||
||expenses||3,955||3,955|7,011||7,011|
||Repairs and renewals||55,220||55,220|46,365||46,365|
||Audit fees|||4,200|4,200||4,200|4,200|
||||189,779|4,200|193,979|183,733|4,200|187,933|
||Analysed|between|||||||
||Charitable|activities|189,779|4,200|193,979|183,733|4,200|187,933|
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|The average
|monthly
number ofemployees
during|the year was:||
|---|---|---|---|
|||2020|2019|
|||Number|Number|
|Teaching staff||||
|Administrative|staff|||
|Employment|costs|2020
f|2019f|
|Wages and salaries||209,820|167,297|
|Social security|costs|21,132|17,584|
|Other pension|costs|32,925|32,629|
|||263,877|217,510|
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|||Endowment|Unrestricted|Endowment|Total|
|---|---|---|---|---|---|
|||funds|funds|funds||
|||general||general||
|||2020|2019|2019|2019|
|Anne|Rendell Prize Fund|50||50|50|
|Other|expenditure||430||430|
|||50|430|50|480|
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|Unrestricted|Unrestricted|
|---|---|
|funds|funds|
|2020|2019|
|(21,577)|(13,771)|
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|14|stet gains/(losses)|stet gains/(losses)|on investments|on investments|||(Continued)|
|---|---|---|---|---|---|---|---|
|15|Other gains|orlosses||||||
||||||Unrestricted||Total|
||||||funds|||
||||||2020||2019|
|||||||8|F|
||Gain on pension scheme||||(3,236)|||
|16|Tangible fixed assets|||||||
||||||Freehold|land|and buildings|
||||||||8|
||Cost|||||||
||At 1 September 2019||||||708,930|
||At 31August|2020|||||708,930|
||Depreciation|and|impairment|||||
||At 1 September 2019||||||42,537|
||Depreciation|charged||in the year|||14,179|
||At 31August|2020|||||56,716|
||Carrying amount|||||||
||At 31August|2020|||||652,214|
||At 31August|2019|||||666,393|
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|18|Fixed asset investments|Fixed asset investments|||||
|---|---|---|---|---|---|---|
|||||Listed|Cash in|Total|
|||||investments|portfolio||
|||||6|||
||Cost or valuation||||||
||At 1 September 2019|||406,444|14,611|421,055|
||Additions|||91,193|(91,193)||
||Valuation
changes|||(21,577)||(21,577)|
||Cash movement||||7,710|7,710|
||Disposals|||(80,206)|80,206||
||At 31August 2020|||395,854|11,334|407,188|
||Carrying
amount||||||
||At 31August 2020|||395,854|11,334|407,188|
||At 31August 2019|||406,444|14,611|421,055|
|19|Financial instruments||||2020|2019|
|||||||6|
||Carrying
amount of|financial assets|||||
||Instruments
measured|at fair value through|profit or loss||395,852|406,444|
|20|Debtors||||||
||||||2020|2019|
||Amounts
falling due|within one year:|||6||
||Trade debtors|||||850|
||Prepayments
and accrued income||||10,831|10,767|
||||||10,831|11,617|
|21|Creditors: amounts|falling due within one year|||||
||||||2020|2019|
|||||Notes|6|8|
||Other taxation and social security||||5,005|5,147|
||Deferred income|||23||15,553|
||Other creditors|||||466|
||Accrusls and deferred|income|||21,084|20,316|
||||||26,089|41,482|
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|22|Creditors: amounts|falling due after more than one year|||
|---|---|---|---|---|
||||2020|2019|
|||||6|
||Accruals and deferred|income|167,079|183,813|
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||||2020f|2019|
|---|---|---|---|---|
|Repayable|within|two and five years|79,465|71,527|
|Repayable|in more than five years||87614|112286|
||||167079|183813|
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|||||2020|2019|
|---|---|---|---|---|---|
|||||6|f|
|Arising from income in advance|||||15,553|
|Deferred income|is included|in the financial statements|as follows:|||
|||||2020|2019|
|||||6|6|
|Balance brought|forward|||15,553|43,276|
|Income received||||||
|Income released||||(15,553)|(27,723)|
|Balance carried|forward||||15,553|
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||||Balance at|Resources|Balance at|Resources|Balance at|
|---|---|---|---|---|---|---|---|
|||1|September|expended|1 September|expended|21 August|
||||2010f|6|2010
f||2020
6|
|Pension Scheme Gift|||33,333|(16,667)|16,666|(16,666)||
||||33,333|(16,667)|16,666|(16,666)||
|The trustees|agreed to|designate
additional|voluntary|payments
to|the Pension|Scheme of f50,000.The||
|final payment|was made|in 2019/20.||||||
|Analysis of|net assets|between
funds||||||
|||Unrestricted
Endowment||Total
Unrestricted||Endowment|Total|
|||funds|funds||funds|funds||
|||2020|2020|2020|2019|2019|2019|
|||6|6|6|6|f||
|Fund balances at 31||||||||
|August 2020|are|||||||
|represented|by:|||||||
|Tangible assets||652,214||652,214|666,393||666,393|
|Investment
properties||1,210,000||1,210,000|1,210,000||1,210,000|
|Investments||407,186||407,186|421,055||421,055|
|Current assets/||||||||
|(liabilities)||245,008|100|245,108|291,083|150|291,233|
|Long term liabilities||(167,079)||(167,079)|(183,813)||(183,813)|
|||2,347,329|100|2,347,429|2,404,718|150|2,404,868|
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||under non-cancellable
operating|leases,|wh|ich
fall due|as follows:|||
|---|---|---|---|---|---|---|---|
|||||||2020
6|2019f|
||Within one year|||||1,848|1,888|
||Between two and five years|||||1,540|3,388|
|||||||5,276|5,276|
|31|Cash generated
from operations|||||2020|2019|
|||||||6|f|
||(Deficit)/surplus
for the year|||||(60,675)|195,758|
||Adjustments
for:|||||||
||Investment
income recognised|in statement||offinancial|activities|(11,431)|(12,935)|
||Foreign exchange differences|||||3,236||
||Fair value gains and losses on|investments||||21,577|13,771|
||Depreciation
and impairment
oftangible||fixed assets|||14,179|14,179|
||Difference between
pension charge and||cash contributions|||(17,768)|(14,568)|
||Movements
in working
capital:|||||||
||Decrease/(increase)
in debtors|||||786|(1,205)|
||Increase/(decrease)
in creditors|||||1,194|(492)|
||(Decrease) in deferred income|||||(15,553)|(27,723)|
||Cash (absorbed
by)/generated|from operations||||(64,455)|166,785|
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