## **Registered Company Number : 810183 (England and Wales) REGISTERED CHARITY NUMBER: 526611**
**Report of the Trustees and Audited Financial Statements for the year ended 31st August 2020 for CHRISTIAN SCHOOLS LTD**
## **Bowyers Limited Chartered Certified Accountants & Statutory Auditor**
Portal Business Centre, Dallam Lane
WARRINGTON Cheshire WA2 7LT
## **CHRISTIAN SCHOOLS LTD Contents of the Financial Statements for the year ended 31st August 2020**
||Page|
|---|---|
|Report of the Trustees|1|
|Report of the Independent Auditors|5|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Notes to the Financial Statements|10|
|Detailed Statement of Financial Activities|18|
## **CHRISTIAN SCHOOLS LTD**
## **Report of the Trustees for the year ended 31st 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
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 (FRS102) (effective 1 January 2015) - (Charities SORP (FRS102))
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
810183 (England and Wales)
## **Registered Charity number**
526611
## **Registered office**
Tower College Mill Lane Rainhill Merseyside L35 6NE
## **Trustees**
Daniel Oxley Alexander Dixon Carol Walpole Celia Parr Karen McCormack Jason Pulford
## **Company Secretary**
Marcus Taylor
## **Auditors**
Bowyers Limited Chartered Certified Accountants & Statutory Auditor Portal Business Centre, Dallam Lane WARRINGTON. WA2 7LT
## **CHRISTIAN SCHOOLS LTD**
## **Report of the Trustees for the year ended 31st August 2020**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Bankers**
Barclays Bank plc 11th Floor 20 Chapel St LIVERPOOL L3 9AG
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **Induction and training of new trustees**
On appointment new trustees are required to undertake an induction and training programme to help them make a positive contribution to the school process.
## **Organisational structure**
The Board of trustees are responsible for the overall policies and strategy of the company. Day to day management is undertaken by the school principal.
## **Related parties**
Related party details and transactions are shown in the notes to the accounts.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
To establish and carry on a school for girls and boys up to the age of sixteen and to supply a sound spiritual, classical, scientific and general education.
The aim of the school is to provide a rounded education that will provide pupils with the skills necessary to achieve their maximum potential; to provide teachers with a rewarding environment in which to work and to make available the school facilities to the wider community.
The school has a policy of offering academic and music scholarships to both internal and external candidates. Bursaries are also offered to parents who find themselves in financial difficulties or who cannot afford the full fees. Pupils aged three and four are eligible for the Early Years' Grant and funding is made available for statement pupils by two local authorities. Pupils with special needs are welcomed and the school has good links with and support from local authorities.
## **CHRISTIAN SCHOOLS LTD**
## **Report of the Trustees for the year ended 31st August 2020**
## **OBJECTIVES AND ACTIVITIES**
## **Significant activities**
The academic year from September 2019 to July 2020 has been a year unlike any other. A year in which the vagaries of Covid-19 wreaked havoc across all areas of school life. But, as it is said "What doesn’t break you makes you stronger". And stronger we certainly are. The unwavering commitment of staff has meant that we remain strong to thrive again.
Before the pandemic reached lockdown stage the school enrichment programme was in full flow. Our Facebook page, used primarily to celebrate the children's achievement became increasingly popular and had a marked impact on the promotion of the school. Activities such as: STEAM Physics' projects, Model United Nations, Lower School nature club, Pre-prep Graduation Day, Duke of Edinburgh Award, House Sports Competition, ISA Football Competition and Grand Designs as well as many more were showcased and illustrate the amazing depth of life at Tower College. Unfortunately, some of these along with our annual ski trip and residential trip to Lockerbie Manor fell victim to lockdown and subsequent government restrictions. We look forward to introducing a new outstanding enrichment programme when restrictions ease
Though our GCSE results were teacher assessed and not reported in the usual way, they were still excellent. 51% were grades 7-9 with 16% being at the revered Grade . Over 98% were grades 4-9
The accounts show a healthy balance sheet. However this must be viewed in the context of a substantial staff restructure, CJRS / Furlough grants and staff who continued to work accepting a 20% cut in salary
## **Public benefit**
The trustees have complied with the duty contained in section 4 of the Charities Act 2006 relating to public benefit.
## **FINANCIAL REVIEW**
## **Reserves policy**
The trustees have set a policy of retaining reserves equivalent to one term's staff salaries.
## **Principal funding sources**
Principal funding source is school fee income.
## **FUTURE DEVELOPMENTS**
SPORTS HALL - Planning permission has been granted for a much needed addition to the school. Quotations are now being sought from five companies.
TEACHING & LEARNING - With an impending EQI inspection the school is looking to implement dedicated members of staff across the departments to ensure a whole school approach to curriculum development
WELL BEING - To implement a sull strategic programme for pupils and staff - even more vital considering Covid-19 whose extent on mental health is as yet unknown.
CPD - We see this as a catalyst to whole school improvement. We have some exceptional staff who will make a real difference
## **CHRISTIAN SCHOOLS LTD**
## **Report of the Trustees for the year ended 31st August 2020**
## **STATEMENT OF TRUSTEES RESPONSIBILITIES**
The trustees (who are also the directors of Christian Schools Ltd for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
- there is no relevant audit information of which the charitable company's auditors are unaware; and
- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
## **AUDITORS**
The auditors, Bowyers Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees and signed on its behalf by:
…………………………………………… **Mr Daniel Oxley - Trustee**
Date : 18/05/2021
## **Report of the Independent Auditors to the Members of Christian Schools Ltd**
We have audited the financial statements of Christian Schools Ltd for the year ended 31 August 2020 which comprise the Statement of Financial Activities, the Balance Sheet and related notes. The financial reporting framework that has been applied in their preparation is applicable law and the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
## **Respective responsibilities of trustees and auditors**
As explained more fully in the Statement of Trustees Responsibilities set out on page four, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view.
Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board's Ethical Standards for Auditors, including APB Ethical Standard - Provisions Available for Small Entities (Revised), in the circumstances set out in note 19 to the financial statements
## **Scope of the audit of the financial statements**
An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error. This includes an assessment of: whether the accounting policies are appropriate to the charitable company's circumstances and have been consistently applied and adequately disclosed; the reasonableness of significant accounting estimates made by the trustees; and the overall presentation of the financial statements. In addition, we read all the financial and non-financial information in the Report of the Trustees to identify material inconsistencies with the audited financial statements and to identify any information that is apparently materially incorrect based on, or materially inconsistent with, the knowledge acquired by us in the course of performing the audit. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for our report.
Page 5
## **Report of the Independent Auditors to the Members of Christian Schools Ltd**
## **Opinion on financial statements**
In our opinion the financial statements:
- give a true and fair view of the state of the state of the charitable company's affairs as at 31 August 2020 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice applicable to Smaller Entities; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **Opinion on other matter prescribed by the Companies Act 2006**
In our opinion the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements.
## **Matters on which we are required to report by exception**
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies exemption from the requirement
to prepare a Strategic Report or in preparing the Report of the Trustees.
## **David Clive Bowyer FCCA MAAT (Senior Statutory Auditor) for and on behalf of Bowyers Limited**
Chartered Certified Accountants & Statutory Auditor Portal Business Centre, Dallam Lane WARRINGTON. WA2 7LT
Date : 18/05/2021
Page 6
## **CHRISTIAN SCHOOLS LTD**
## **Statement of Financial Activities for the year ended 31st August 2020**
|Notes
**INCOMING RESOURCES**
**Incoming resources from generated funds**
Activities for generating funds
2
**RESOURCES EXPENDED**
**Cost of Generating Funds**
Cost of generating income
3
**Charitable Activities**
4
School Running Costs
**Governance Costs**
6
**Total Resources Expended**
**NET (OUTGOING) / INCOMING RESOURCES**
**RECONCILIATION OF FUNDS**
**Total Funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|2020
Unrestricted
Fund
£
3,506,803
2,368,516
503,851
23,752
2,896,119
610,684
1,298,556
1,909,240|2019
Total
Funds
£
3,532,786|
|---|---|---|
|||2,764,277
558,526
32,544|
|||3,355,347|
|||177,439
1,121,117|
|||1,298,556|
The notes form part of these financial statements Page 7
## **CHRISTIAN SCHOOLS LTD**
## **Balance Sheet As at 31 August 2020**
|Notes
**FIXED ASSETS**
Tangible assets
10
**CURRENT ASSETS**
Stocks
Debtors
11
Cash at Bank and in Hand
**CREDITORS**
Amounts falling due within one year
12
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
13
**NET ASSETS**
**FUNDS**
Unrestricated funds
16|2020
Unrestricted
Fund
£
1,984,766
0
734,444
287,738
1,022,182
(849,608)
172,574
2,157,340
(248,100)
1,909,240
1,909,240
1,909,240|2019
Total
Funds
£
2,080,548
22,049
668,721
-|
|---|---|---|
|||690,770
(1,128,773)|
|||(438,003)|
|||1,642,545
(343,989)|
|||1,298,556|
|||1,298,556|
|||1,298,556|
The notes form part of these financial statements Page 8
## **CHRISTIAN SCHOOLS LTD**
## **Balance Sheet (continued) As at 31 August 2020**
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies and with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102 - effective 1 January 2015) - (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).
The financial statements were approved by the Board of Trustees and were signed on its behalf by
…………………………………………… Date : 18/05/2021 **Mr Daniel Oxley -Trustee**
The notes form part of these financial statements Page 9
## **CHRISTIAN SCHOOLS LTD Notes to the Financial Statements for the year ended 31st August 2020**
## **1. ACCOUNTING POLICIES**
## **Basis of Preparation**
The financial statements have been prepared in accordance with 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 (FRS102) (effective 1 January 2015) - (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006.
## **Incoming resources**
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## **Resources expended**
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.
Land and Buildings - 2% on cost Furniture and Equipment etc - 25% reducing balance
## **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.
## **CHRISTIAN SCHOOLS LTD Notes to the Financial Statements - continued for the year ended 31st August 2020**
## **Hire purchase and leasing commitments**
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
## **Pension costs and other post-retirement benefits**
The school participates in a multi employer pension scheme, namely the government's Teachers Pension Defined Benefits Scheme, for its teaching staff. The pension liability is the responsibility of the scheme. As a result it is not possible to identify the assets and liabilities of the scheme that are attributable to the school.
## **2. ACTIVITIES FOR GENERATING FUNDS**
|Tuition and registration fees
Meals
Transport
Uniform Sales
Swimming, Day Trips & Holidays
Twilight & Holiday Club
Tower Tots Income
Donations
Miscellaneous Income
**COSTS OF GENERATING VOLUNTARY INCOME**
Staff Costs
Direct Running Costs
**CHARITABLE ACTIVITIES COSTS**
School Running Costs
Direct Costs
Support Costs (see note 5)
Totals|2020
£
2,311,764
244,404
15,387
39,270
76,749
34,914
649,731
-
134,584
3,506,803
2020
£
1,873,400
495,116
2,368,516
2020
£
342,412
161,439
503,851|2019
£
2,362,500
273,379
18,220
61,771
70,639
47,099
695,851
630
2,697|
|---|---|---|
|||3,532,786|
|||2019
£
2,082,261
682,016|
|||2,764,277|
|||2019
£
358,574
199,952|
|||558,526|
## **3. COSTS OF GENERATING VOLUNTARY INCOME**
## **4. CHARITABLE ACTIVITIES COSTS**
## **CHRISTIAN SCHOOLS LTD Notes to the Financial Statements - continued for the year ended 31st August 2020**
|**5. SUPPORT COSTS**
School Running Costs
Management
Finance
Totals
**6. GOVERNANCE COSTS**
Accountancy
Legal & Professional fees
Auditors Remuneration
**7. NET INCOMING / (OUTGOING) RESOURCES**
Net resources are stated after charging / (crediting)
Auditors Remuneration
Depreciation - owned assets
Hire of Plant and Machinery
Other Operating leases|2020
£
80,273
81,166
161,439
2020
£
5,900
12,352
5,500
23,752
2020
£
5,500
95,783
89,123
49,371|2019
£
68,665
131,287|
|---|---|---|
|||199,952|
|||2019
£
5,900
21,144
5,500|
|||32,544|
|||2019
£
5,500
109,114
113,664
55,210|
## **8. TRUSTEES' REMUNERATION AND BENEFITS**
There was no trustee remuneration nor other benefits for either the current or preceeding financial year
## **Trustees Expenses**
|**Trustees Expenses**|||
|---|---|---|
||2020|2019|
||£|£|
|Total|687|1,540|
## **CHRISTIAN SCHOOLS LTD Notes to the Financial Statements - continued for the year ended 31st August 2020**
|**9. STAFF COSTS**
2020
£
Wages & Employer National Insurance
1,684,186
Pensions
189,214
1,873,400
2020
Principal
1
Teaching Staff
28
Classroom Assistants
6
Nursery & "Twilight" Staff
28
Administration Staff
6
Domestic and Maintenance Staff
6
75
The number of employees whose emoluments fell within the following bands was:
2020
£70,001 - £80,000
1|2019
£
1,906,840
175,421|
|---|---|
||2,082,261|
||2019
1
30
9
26
8
8|
||82|
||2019
1|
In addition in the current and previous year the higher paid employees referred to above accrued benefits under the TPS scheme.
## **CHRISTIAN SCHOOLS LTD Notes to the Financial Statements - continued for the year ended 31st August 2020**
## **10. TANGIBLE FIXED ASSETS**
|**COST**
At 01 September 2019
Additions
At 31 August 2020
**DEPRECIATION**
At 01 September 2019
Charge for year
At 31 August 2020
**NET BOOK VALUE**
At 31 August 2020
At 31 August 2019|Land and
Furniture &
Buildings
Equipment
£
£
2,167,279
1,221,514
-
-
2,167,279
1,221,514
466,640
841,605
34,153
61,629
500,793
903,234
1,666,486
318,280
1,700,639
379,909|Totals
£
3,388,793
-|
|---|---|---|
|||3,388,793|
|||1,308,245
95,782|
|||1,404,027|
|||1,984,766|
|||2,080,548|
The Company's Freehold and Leasehold Land and Buildings was revalued on 31st January 2011 by Carter Jonas Chartered Surveyors on an existing use open market value basis.
|The carrying value of these assets at historic cost was
Revalued Amount
**Comparable Historic Cost and Depreciation value**
Cost
Depreciation
At 01 September 2019
Charge for Year
At 31 August 2020
Net Historical Cost Value
At 31 August 2019|£3,023,502|
|---|---|
||£1,385,000|
||3,023,502
1,019,814
40,074|
||1,059,888|
||1,963,614|
||2,003,688|
The trustees are not aware of any material impairment in the carrying value of the assets since the last valuation was undertaken.
## **CHRISTIAN SCHOOLS LTD Notes to the Financial Statements - continued**
**for the year ended 31st August 2020**
|**11. DEBTORS : AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade Debtors
Other Debtors
**12. CREDITORS : AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank Loans and Overdrafts
Trade Creditors
PAYE Creditor
Other Creditors
**13. CREDITORS : AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Bank Loans
Other Creditors|2020
£
706,127
28,317
734,444
2020
£
-
103,272
28,141
718,195
849,608
2020
£
78,100
170,000
248,100|2019
£
668,721
-|
|---|---|---|
|||668,721|
|||2019
£
39,938
125,313
60,404
903,118|
|||1,128,773|
|||2019
£
106,997
236,992|
|||343,989|
## **14. OPERATING LEASE COMMITMENTS**
The following operating lease payments are committed to be paid within one year:
|Expiring
Between one and five years
In more than five years|2020
£
89,123
49,371
138,494|2019
£
113,664
55,210|
|---|---|---|
|||168,874|
## **CHRISTIAN SCHOOLS LTD**
## **Notes to the Financial Statements - continued for the year ended 31st August 2020**
## **15. SECURED DEBTS**
The following secured debts are included within creditors
|The following secured debts are included within creditors|||
|---|---|---|
|Bank Overdraft
Bank Loan|2020
£
-
78,100
78,100|2019
£
39,938
106,997|
|||146,935|
Bank borrowings are secured by a fixed and floating charge over all assets of the company in favour of Barclays Bank plc.
## **16. MOVEMENT IN FUNDS**
|**Unrestricted Funds**
General Fund
**TOTAL FUNDS**
Net movement in funds is as follows
**Unrestricted Funds**
General Fund
**TOTAL FUNDS**|At 01.09.19
Movement
£
£
1,298,556
610,684
1,298,556
610,684
Incoming
Resources
Resources
Expended
£
£
3,506,803
2,896,119
3,506,803
2,896,119|At 31.08.20
£
1,909,240|
|---|---|---|
|||1,909,240|
|||Movement
£
610,684|
|||610,684|
## **CHRISTIAN SCHOOLS LTD Notes to the Financial Statements - continued for the year ended 31st August 2020**
## **17. PENSION COMMITMENTS**
The teachers pension scheme (TPS) is a statutory, multi employer, contributory, final salary scheme. The regulations under which TPS operates are the Teachers' Pension Regulations 1997, as amended.
These regulations apply to teachers in schools and other educational establishments in England and Wales maintained by local educations authorities and also to teachers in many independent and voluntary aided schools and establishments of further and higher education
Teachers are able to opt out of the TPS
Employer contributions to the TPS are determined externally at a level set to meet the scheme's ongoing commitments. Deficits and surpluses are not known to the company. The company has no liability for deficits.
The scheme falls within the defined benefit pension rules, however Financial Reporting Standards allow certain defined benefit pension schemes to be exempt the discloses required by such a scheme This is applicable to the company's scheme and accordingly disclosures are made in accordance with those required of a defined contribution scheme.
The company also operates a defined contribution pension scheme on behalf of other (non-teaching) employees. Contributions are held independently by the National Employer Savings Trust,
In both cases the pension cost shown in the accounts represents the contributions payable by the company.
## **18. RELATED PARTY TRANSACTIONS**
Mr Daniel Oxley (Trustee) and Miss Rachel Oxley (his sister) are members of the Oxley family with whom the company has entered into a tenancy agreement for the leasehold premises
An annual rental of £50,963 is payable by the charity.
## **19. APB ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES**
In common with many other businesses of our size and nature we use our auditors to assist with the preparation of the financial statements.
## **CHRISTIAN SCHOOLS LTD Detailed Statement of Financial Activities for the year ended 31st August 2020**
|**INCOMING RESOURCES**
**Activities for Generating Funds**
Tuition and registration fees
Meals
Transport
Uniform Sales
Swimming, Day Trips & Holidays
Twilight & Holiday Club
Tower Tots Income
Donations
Miscellaneous Income
**Total incoming resources**
**RESOURCES EXPENDED**
**Costs of generating voluntary income**
Wages & Employer National Insurance
Pensions
Direct Running Costs
**Charitable activities (School Running Costs)**
Equipment Leasing
Property Repair & Maintenance
Rent
Rates and water
Insurance
Light and heat
Sundries
Staff Training
**Governance costs**
Accountancy
Legal & Professional fees
Auditors Remuneration|2020
£
2,311,764
244,404
15,387
39,270
76,749
34,914
649,731
-
134,584
**3,506,803**
1,684,186
189,214
495,116
2,368,516
89,123
78,018
49,371
23,146
27,249
69,285
2,981
3,239
342,412
5,900
12,352
5,500
23,752|2019
£
2,362,500
273,379
18,220
61,771
70,639
47,099
695,851
630
2,697|
|---|---|---|
|||**3,532,786**|
|||1,906,840
175,421
682,016|
|||2,764,277|
|||113,664
64,055
55,210
17,349
23,171
59,972
10,639
14,514|
|||358,574|
|||5,900
21,144
5,500|
|||32,544|
This page does not form part of the statutory financial statements
## **CHRISTIAN SCHOOLS LTD**
## **Detailed Statement of Financial Activities for the year ended 31st August 2020**
|**Support costs**
**Management**
Trustees' travelling expenses
Telephone
Postage and stationery
Advertising
Donations
Subscriptions
**Finance**
Bank charges & interest
Bad Debt Provision
Depreciation of tangible fixed assets
**Total resources expended**
**Net (expenditure) / income**|2020
£
687
28,915
759
5,943
2,300
41,669
80,273
34,355
(48,972)
95,783
81,166
**2,896,119**
**610,684**|2019
£
1,540
28,996
471
5,104
891
31,663|
|---|---|---|
|||68,665|
|||25,604
(3,431)
109,114|
|||131,287|
|||**3,355,347**|
|||**177,439**|
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