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| Legal and | adm istrative information |
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| Trustees' | reporl | 2-3 | |
| Statement | oftrustees' | responslbfiitles | |
| Independent examined s report |
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| Statement | offinancial | activities | |
| Statement | offinancial | position | |
| Notes to file finanQal | statelrleflts | 8-13 |
| Trustees | Mrs LSavage | - Administrator | - Administrator | - Administrator | - Administrator | |
|---|---|---|---|---|---|---|
| MrSBradford | —Treasurer | |||||
| Mr7Johnson | ||||||
| MrAPennington | ||||||
| Mr D Bodey | ||||||
| Charity number | 702715 | |||||
| Principal address | Fulfordgate | |||||
| Hesllngton Lane |
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| Fteford | ||||||
| York | ||||||
| YO104FY | ||||||
| independent | examiner | N ClemitACA, | FCCA | |||
| JWPCreers LLP |
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| Chartered Accountants | ||||||
| Genesis 5 | ||||||
| Church Lane | ||||||
| York | ||||||
| YO105DQ | ||||||
| Bankem | Nabonal Westminster | Bank Pic | ||||
| Main Street | ||||||
| Heslington | ||||||
| York | ||||||
| YO105ZB | ||||||
| Yorkshire Bank, |
York | |||||
| North Yorkshire | Business | &Private Banking Centre | ||||
| 46 Coney Sheet | ||||||
| York | ||||||
| YO1 9NQ |
| Un resbicted | Restrlc'ted | Total | Unrestricted | Restn'cted | |||||
|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||||
| 2020 | 2020 | 2019 | 2019 | 2019 | |||||
| Notes | f | 6 | 6 | f | f | ||||
| Income | |||||||||
| Donations and legades |
4,876 | 4,876 | 5227 | 5227 | |||||
| Charitable activiTies |
3,137 | 401,215 | 404,352 | 4,669 | 327,096 | 331,765 | |||
| 431 | 431 | 328 | 328 | ||||||
| Total income | 8,444 | 401,215 | 409,659 | 10,224 | 327,096 | 337,320 | |||
| Expenditure | |||||||||
| Charitable activities |
3,057 | 426,486 | 429,543 | 2,295 | 366,180 | 368,475 | |||
| Net income/(expenditure) | |||||||||
| bef8m transf8/8 | 5,387 | (25,271) | (19,884) | 7,929 | (39,084) | (31,155) | |||
| Gross transfers | between | ||||||||
| funds | (5,111) | 5,111 | |||||||
| Net incoms/(expenditure | for the | ||||||||
| period/Net movement |
In | funds | 5,387 | (25,271) | (19,884) | 2,818 | (33,973) | (31,155) | |
| Fund balances at 1 Aprfi | |||||||||
| 2019 | 168,114 | 87,446 | 255,560 | 165,296 | 121,419 | 286,715 | |||
| Fund balances | at 31 | ||||||||
| August 2020 | 173,501 | 62,175 | 235,676 | 168,114 | 87,446 | 255,560 |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| 6 | f | ||||||
| Current assets | |||||||
| Debtors | 21,646 | 36,658 | |||||
| Cash at bank and in | hand | 438,317 | 320,004 | ||||
| 460,163 | 356,662 | ||||||
| Creditors: | amounts | falfing due within one year | 10 | (196,615) | (97,661) | ||
| Net currerTt | assets | 259,001 | |||||
| Creditors: | amounts | falling due after more than | |||||
| one year | 11 | (27,872) | (3,441) | ||||
| 235,676 | 255,560 | ||||||
| income funds | |||||||
| Restricted | funds | 13 | 62,175 | 87,446 | |||
| Unrestricted | funds | 173,501 | 168,114 | ||||
| 235,676 |
| FO | R THE PERIOD ENDED 31AUGUST 2020 | |||||||||||
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| Accounting pogcles |
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| Charity information | ||||||||||||
| Fulford School Fund is an unincorporated charity registered in England and Wakrs. |
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| Accounting convention |
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| The financial statements have been prepared in accordance with the charity's governing document, the CharNes Act 2011, 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) (issued in October 2019) and the Financial Reporting Standard applicable in the United kingdom and Repulic of Ireland (FRS102). |
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| The charity is a Public Benefit Errlity as defined by FRS102. |
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| The charily has taken advantage ofthe provisions in the SORP for charifies applying FRS 102 Update Statement ofCash Flows. |
Bulletin 1 not to |
prepare | a | |||||||||
| The financial statements have departed from the CharNes (Accounts and Reports) |
Regulations | 2008 | only to | the extent required | to | |||||||
| provide a true and fair view. This departure has involved fofiowing the Statement of Recommended FRS 102rather than the version ofthe Statement ofRecommended Practice which is referred to in since been~ |
Pracbce for charmes applying the Regulations but which has |
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| The finandal statements are prepared in sterfing, which is the functional currency ofthe charity. |
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| The flnandal statements have been prepared under the historical |
cost convention. | The principal | accounting | polides adopted are |
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| se'I out below. | ||||||||||||
| 1.2 | Going concern | |||||||||||
| At the time of approving the financial statements, the trustees |
have a reasonable expectation |
that | the | charity | has | adequate | ||||||
| resources to continue in operational existence for the foreseeable |
future. Thus the trustees continue |
to adopt the | going concern | |||||||||
| basis ofaccounting in preparing the financial statements. |
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| 1.3 | Charitable funds |
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| Unrestricted funds are funds which are available for use at the discretion ofthe trustees in furtherance |
ofthe | general | objecfives | of | ||||||||
| the charity | ||||||||||||
| Restricted funds are funds which can only be used for particular |
restricted purposes within the objects |
ofthe charity. Restrictions | ||||||||||
| arise when specified by the donor. |
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| Incorrie | ||||||||||||
| Afi income is induded in the statement offinancial acivities when |
the charity is legafiy entitled | to the | income | and the amount can | ||||||||
| be quantNed with reasonable accuracy. |
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| 1.5 | Expenditure | |||||||||||
| Afi expenditure is accounted for on an accruals basis and has been dassified under |
headings | that | aggregate | afi costs related | ||||||||
| to the category. | ||||||||||||
| Charitable expenditure comprises those costs incurred by the charity in pursuit ofits |
charttabe | objecb | ||||||||||
| 1.6 | Cash and cash equivalents | |||||||||||
| Cash and cash equivalents indude cash in hand and deposits held |
at call with banks. | |||||||||||
| 1.7 | Financial instruments | |||||||||||
| The charity has elected to apply the provisions of Secfion 11 |
'Basic Financial | Insbuments' | and | Section | 12 X)ther | Financial | ||||||
| Instruments Issues' ofFRS102to afi ofits flnandal instruments. |
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| Financial instruments are recognised in the charity's balance sheet when the charity |
becomes party | to | the contractual | prorrisions | of | |||||||
| the instrumenb | ||||||||||||
| Basicffnandal assets | ||||||||||||
| Basicfinancial assets are measured at transaction price induding transacbon costs. |
Financial assets | dassNed | as receivatfie within |
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| one year are not amortised. |
| Unrestflcted | Unrestricted | ||||||
|---|---|---|---|---|---|---|---|
| funds | |||||||
| 2020 | 2019 | ||||||
| f | |||||||
| Dona0ons | and gifts | 4,876 | 5227 | ||||
| 3 | Charitable | activities | |||||
| Charitable | Charitable | ||||||
| acthddes | activities | ||||||
| 2020 | 2019 | ||||||
| 6 | 6 | ||||||
| School generated | income | 3,137 | 4,669 | ||||
| Trips and | other activities | 401,215 | 327,096 | ||||
| 331,765 | |||||||
| Analysis | blf | fund | |||||
| Unrestricted | funds | 3,137 | 4,669 | ||||
| Restncted | funds | 401,215 | 327,096 | ||||
| 331,765 |
| 4 | Investments | ||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2020 | 2019 | ||
| 6 | 6 | ||
| Interest receivable | 431 | 328 |
| Charitable | Charitable | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| activities | activities | |||||||||
| 2020 | 2019 | |||||||||
| f | f | |||||||||
| Trips and | other activities | 426,485 | 366,180 | |||||||
| Share of | support costs (see note 6) | 1,378 | 675 | |||||||
| Share of | governance | costs (see note 6) | 1,680 | 1,620 | ||||||
| 429,543 | 368,475 | |||||||||
| Analysis | by | fund | ||||||||
| Unrestricted | funds | 3,057 | 2,295 | |||||||
| Restricted funds | 426,486 | 366,180 | ||||||||
| 429,543 | 368,475 | |||||||||
| SUppOrt | COStS | |||||||||
| 2020 | 2019 | |||||||||
| Support | costs | Governance | 2020 | Support costs | 2019 | |||||
| COStS | ||||||||||
| Services | to pupils | 130 | 130 | 466 | 466 | |||||
| Bank charges | 41 | 41 | 72 | 72 | ||||||
| Mlscesarleous | 407 | 137 | 137 | |||||||
| Long service | awards | 800 | ||||||||
| hldepellden't | exarntners | fee | 1,680 | 1,680 | 1,620 | 1,620 | ||||
| 1,378 | 1,680 | 675 | 1,620 | 2,295 | ||||||
| Analy sad | between | |||||||||
| Chadtsbm | acdwfies | 1,378 | 1,680 | 3,058 | 675 | 1,620 | 2,295 |
| 9 | Debtors | ||||||
|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||
| Amounts falling due within |
one year: | 5 | |||||
| Other debtors | 21,843 | ||||||
| Prepayments and accrued income |
3 | ||||||
| 21,846 | |||||||
| 10 | Credltom: amounts | falling | due within one year | ||||
| 2020 | 2019 | ||||||
| 9 | |||||||
| Deferred income | 12 | 1,312 | 81,510 | ||||
| Other creditors | 195,303 | 16,151 | |||||
| 196,615 | 97,661 | ||||||
| 11 | Creditors: amounts | faglng | due ager mors than one | year | |||
| 2020 | 2019 | ||||||
| 6 | |||||||
| Deferred income | 12 | 1,387 | 3,441 | ||||
| Trade creditors | 26,485 | ||||||
| 27,872 | 3,441 | ||||||
| 12 | Deferred income | ||||||
| 2020 | 2019 | ||||||
| 5 | |||||||
| Arising from Deferred | income | 2,699 | |||||
| Deferred income is induded | in the 6nancial statements | as folows: | |||||
| 2019 | |||||||
| f | |||||||
| Current liabilities |
1,312 | 81,510 | |||||
| Non-current liabilities |
1,387 | 3,441 | |||||
| 2,699 |
| Movement | Movement | in funds | ||||
|---|---|---|---|---|---|---|
| Balance at | Income | Expenditure | Balance at | |||
| 1APril 2019 | 31August | |||||
| 2020 | ||||||
| 6 | ||||||
| Lift olffund | 5,640 | 396 | 6,036 | |||
| School trips and other activities fund | 80,230 | 401,215 | (426,486) | (396) | 54,563 | |
| Minibus fund | 1,576 | 1,576 | ||||
| 87,446 | 401,215 | (426,486) | 62,175 | |||
| Movement | in funds | |||||
| Balance at | Income | Expenditure | Tra/lsfers | Balallce at | ||
| 1April 2018 | 31 | March 2019 | ||||
| 6 | f | |||||
| Lilt offfund | 5,640 | 5,640 | ||||
| School trips and other acfivlfies fund | 114,264 | 327,035 | (366,180) | 5,111 | 80,230 | |
| Minibus fund | 1,515 | 61 | 1,576 | |||
| 121,419 | 327,096 | (366,180) | 5,111 | 87,446 |
| Analysis ofnet assets between funds | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | |||
| 2020 | 2020 | 2020 | ||
| 6 | ||||
| Fund balances at 31August 2020are represented | by: | |||
| Current assets/giabilities) | 174,888 | 263,548 | ||
| Long term liabilities | (1,387) | (27,872) | ||
| 173,501 | 62,175 | 235,676 | ||
| Unrestricted | Restricted | Total | ||
| funds | funds | |||
| 2019 | 2019 | 2019 | ||
| 5 | 6 | |||
| Fund balances at 31 March 2019are represented | by. | |||
| Current assets/giabilities) | 171,555 | 87,446 | 259,001 | |
| Long term liabTirdes | (3,441) | (3,441) | ||
| 168,114 | 87,446 | 255,560 |