Ufton Court Annual Report SPREADS - Page 32



THE UFTON COURT EDUCATIONAL TRUST
(A company limited by guarantee)
THE UFTON COURT EDUCATIONAL TRUST
(A company limited by guarantee)
INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE
UFTON COURT EDUCATIONAL TRUST (continued)
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME & EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 AUGUST 2019
to going concern and using the going concern basis of accounting unless the trustees either intend to
liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Auditor’s responsibilities for the audit of the financial statements
We have been appointed as auditor under section 151 of the Charities Act 2011 and under the
Companies Act 2006 and report in accordance with the Acts and relevant regulations made or having
effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report
that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that
an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it
exists. Misstatements can arise from fraud or error and are considered material if, individually or in the
aggregate, they could reasonably be expected to influence the economic decisions of users taken on the
basis of these financial statements.
A further description of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms
part of our auditor’s report.
Use of our report
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, and to the charitable company’s trustees, as a body,
in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work
has been undertaken so that we might state to the charitable company’s members and trustees those
matters we are required to state to them in an auditor’s 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, the charitable company’s members as a body and the charitable company’s trustees as a body,
for our audit work, for this report, or for the opinions we have formed.
Janette Joyce
Senior Statutory Auditor
For and on behalf of
Crowe U.K. LLP
Statutory Auditor
Reading
Note
Unrestricted
funds
Restricted
funds
Total
Total
2019
2019
2019
2018
£
£
£
£
24,858
652,032
676,890
551,622
485,368
-
485,368
480,336
1,350
-
1,350
597
721,865
-
721,865
665,928
1,233,441
652,032
1,885,473
1,698,483
97,151
-
97,151
100,290
1,510
-
1,510
1,469
176,771
-
176,771
180,336
781,599
489,649
1,271,248
1,251,964
INCOME FROM:
Voluntary income:
Donations, grants etc.
Other trading activities
5
Investment income
Bank interest received
Charitable activities
Educational visits
Total income
EXPENDITURE ON:
Raising funds
Fundraising costs
Financing costs
Non charitable trading
5
Charitable activities
Educational visits
Total expenditure
6
1,057,031
489,649
1,546,680
1,534,059
Net income
4
176,410
162,383
338,793
164,424
Transfers between funds
(33,712)
33,712
-
-
Net movement in funds
142,698
196,095
338,793
164,424
1,793,522
329,879
2,123,401
1,958,977
1,936,220
525,974
2,462,194
2,123,401
Funds as at 1 September 2018
Funds as at 31 August 2019
14
Date: 7th January 2020
Crowe U.K. LLP is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a
company under section 1212 of the Companies Act 2006.
32
The statement of financial activities includes all gains and losses recognised in the year.
The notes numbered 1 to 19 form part of these financial statements.
33

Paperturn



Powered by


Full screen Click to read
Paperturn flip book
Search
Overview
Download as PDF
Print
Shopping cart
Full screen
Exit full screen