2020-07-31-accounts

		Restricted
Unrestricte		income	Endowment			Prior year
d funds f		funds E	funds E	Total funds 6		funds E
41	468			41		62	350
155	931			5	9 1	193868
	135						103
15	167
21	701			2 3	, 1	256	2
	198						590
225	750	127		Zasttif r		279	847
225	9	12
13i,247 -		127		13	74	24,116
120	330	127		120457		144	573
1 ;08				10,082		120,i)87

		Notes on the Accounts cont.
Note 2		Accounting policies
2.1 INCOME
Recognitlon	of income	These are inrriuded in the Statement ofFinancial Activities (SoFA) when:
		the charity becomes enfified to the resources;
		it is more likely than not that the trustees will receive the resources; and
		the monetary value can be measured with sulticient reliability.
		There has been no ollsetting ofassets and liabilities, or income and expenses, unless
Offsetting		required or permitted by the FRS102SORP or FRS 102.
Grants and donations		Grants and donations are only included in the SoFAwhen the general income recognition criteria are met (5.10to5.12FRS102SORP).
		In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as enfitlement the grant only occum when the performance related conditions are met (5.16FRS	to
		102SORP).
Government	grants	The charity has received government grants in the reporting period
Tax reclaims on donations and gifts		Gift Aid receivable is included in income when there isa valid declaration from the donor. Any GifiAid amount recovered on a donation is considered to be part ofthat gift and is treated as an addition tothe same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
Contractual performance	income and related	This is only included in the SoFAonce the charity has provided the related goods or services or met the performance related conditions.
grants
Donated services and facilities		Donated services and faulities are included in the SOFA when received at the value ofthe gifi tothe charity provided the value ofthe gift can be measured reliably.
		Donated services and facilities that are consumed immediately are recognised as
		income wilh an equivalent amount recognised as an expense under the appropriate
		heading in the SOFA.
Supportcosts		The charity has incurred expenditure on support costs.
Volunteer help		The value ofany voluntary help received is not induded in the accounts but is described in the trustees' annual report.
Income from	interest,	This is included in the accounts when receipt is probable and the amount receivable
royalties and	dividends	can be measured reliably.
Income from membership subscriptions		Membership subscriptions received in the nature ofa gift are recognised in Donations and Legacies.
Settlement ofinsurance claims		Insurance deims are only included in the SoFAwhen the general income recognition criteria are met (5.10to5.12FRS102SORP) and are included as an item ofother income in the SoFA.

			Notes on the Accounts cont.
2.2 EXPENDITURE			AND LIABILITIES
Liability recognition			Liabilities are recognised where it is more likely than not that there isa legal or constructive obligation committing the charity to pay out resources and the amount of
			the obligation can be measured with reasonable certainty.
Governance supportcosts	and		Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability ofthe charity and its compliance with regulation and good practice.
			Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use ofresources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by
			their usage.
G nt w th conditions	rf	anc	Where the charity gives a grant with conditions for its payment being a specific level ofservice or output to be provided, such grants are only recognised in the SoFAonce the recipient ofthe grant has provided the specified service or output.
rfo ance	cond t	ns	Where there are no conditions attaching tothe grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised.
Redundancy	cost		The charity made no redundancy payments during the reporting period.
Deferred income			No material item ofdeferred income has been included in the accounts.
Creditors			The charity has creditors which are measured at settlement amounts less any trade discounts
Provisions for liabilities			A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate ofthe amount required to settle the obligation at the
			reporting date
Basicfinancial Instruments			The charity accounts for basic gnancial instruments on initial recognition as per paragraph 10.7FRS102 SORP. Subsequent measurement is as per paragraphs 11.17to 11.19, FRS102SORP.

		Notes on the Accounts cont.
2.3ASSETS
Tangible fixed assets for		These are capitalised ifthey can be used for more than one year, and cost at least
use by charity
		They are valued at cost.
		The depreciation rates and methods used are disclosed in note 9.2.
Intangible	fixed assets	The charity has intangible fixed assets, that is, non-monetary assets that do not		have
		physical substance but are identifiable and are controlled by the charity through
		custody or legal rights. The amortisation rates and methods used are disclosed		in
		note 9.5
		They are valued at cost.
Heritage assets		The charity has heritage assets, that is, non-monetary assets with historic, artistic,
		scientific, technological, geophysical or environmental qualities that are held and
		maintained principally for their contribution to knowledge and culture. The depreciation rates and methods used as disclosed in note 9.6.1.4.
		They are valued at cost.
Investments		Fixed asset investments in quoted shares, traded bonds and similar investments			are
		valued at initially at cost and subsequently atfair value (their market value) at the
		year end. The same treatment is applied to unlisted investments unless fair value
		cannot be measured reliably in which case it is measured at cost less impairment.
		Investments held for resale or pending their sale and cash and cash equivalents		with
		a maturity date ofless then 1year are treated as current asset investments
Stocks and	work in	Stocks held for sale as part of non-charitable trade are measured at the lower or		cost
progress		or net realisable value.
		Goods or services provided as part ofa charitable activity are measured at net
		realisable value based on the service potential provided by items of stock.
		Work in progress is valued at cost less any foreseeable loss that is likely to occur			on
		the contract.
		Debtors (including trade debtors and loans receivable) are measured on initial
Debtors		recognition at settlement amount after any trade discounts or amount advanced the charity. Subsequently, they are measured at the cash or other consideration	by
		expected to be received.
		The charity has hes investments which it holds for resale or pending their sale and
Current asset investments		cash and cash equivalents with a maturity date less than one year. These indude cash on deposit and cash equivalents with a maturity date ofless than one year held for investment purposes rather than to meet short term cash commitments as they fall
		due.
		They are valued at fair value except where they qualify as basic financial instruments.

nment	grants
			This	year	Last	year
Descri	ion
		Total

Seconded staff
Use ofproperty
Other
Please provide details ofthe accounting policy for the recognition and valuation ofdonated	The Achor Trust directly pays the building insurance relating to the school buildings. The cost ofinsurance has been treated as a donation in the accounts.
goods, facilities and services.
Please provide details ofany
unfulfilled conditions and other
contingencies attaching to
resources from donated goods end
services not recognised in income.
Please give details ofother forms of
other donated goods and services
not recognised in the accounts, eg
contribution of unpaid volunteers.

This	year f	Last year
	2425	2 311

Emmanuel Chrfstian School As$oclatlon Notes on the Accounts cont. Note 9 Tanglble fixed assets 9.1 CoJt or valuation Frè•hold land & bulldings Oth•r land & IMAldingg Plpn( maehlnery and motor v•hlcl•s Ftxtur•¥. rthings and equlpm¢nt Totsl Al the beginning of the year Additions 60,144 63,557 3.482 t27,184 2.318 2.318 RevaluatK)ns Disposals Transfors ' Al end of the year 60,144 65.875 3.482 129.502, 9.2 D•preciation and Impalnngnts -Basls SL SL SL si Siraighl Line I"SL'I or Reducing Balance fRB') 15 25¢ Al beginning of the 49,649 63,558 3.481 116.68 Disposals D8prec4ation 7,529 386 7.915 Impairment Transfers" At end of the year 57,177 63,945 3.481 124.603 9a Net book valu• Net book value at the beglnnlng of the year 10,496 10.495 Net book value al the end of the year 2,967 1,931 4,899

10.1	Analysis ofdebtors	Analysis ofdebtors
Trade	debtors
Prepayments		and accrued income
Other	debtors

This year	Last year
5 161	25618
6,111	4015
11271

Trade debtors
Prepayments	and accrued income
Other debtors

11.1Analysis ofc	reditors
			Amounts	falling due	Amounts	falling due
			within	one year	after more than one year
			This year f	Last year f	This year f	Last year f
Accruals for grants	payable
Bank loans snd overdrafts
Trade creditors			2,153	9,758	7,990	4 350
Payments received	on account for contracts or
performance~elated	grants
Accruels and deferred income			2,039	12204
Tsxatien and social	security
Other creditors
		Total

Movement in deferred income account	Movement in deferred income account		This year f	Last year f
Balance atthe start ofthe reporting	period
Amounts added in current period
Amounts released to income from	previous	periods
Balance at the end ofthe reporting	period

13.2 Transfers between	13.2 Transfers between	13.2 Transfers between	funds Reason	for transfer and where endowment	is converted to	Amount
				income, legal power for its conversion
Between	unrestricted	and
restricted	funds
Between	endowment	and
restricted	funds
Between	endowment	and
unrestricted funds

13.3	Desi nated funds Planned use			Pur	seofthe desi	nation		Amount
New	Fencing Fund	Multiple	donations	received	in 18/19 to fund	replacment	ofexternal
		fencing	on the site.					903