Ufton Court Annual Report SPREADS - Page 37



THE UFTON COURT EDUCATIONAL TRUST
(A company limited by guarantee)
THE UFTON COURT EDUCATIONAL TRUST
(A company limited by guarantee)
CASHFLOW STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2019
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2019
2019
£
2018
£
Net movement in funds
338,793
164,424
Depreciation
110,773
117,701
1,194
5,246
Cash flows from operating activities:
Loss on disposal of fixed assets
Interest received
(1,350)
(597)
(Increase)/decrease in debtors
(38,797)
20,154
Increase/(decrease) in creditors
30,046
(2,858)
440,659
304,070
Net cash provided by operating activities
Cash flows from investing activities
Interest receivable
1,350
597
1. CHARITY INFORMATION
The principal activity of The Ufton Court Educational Trust is to provide educational and historic
learning to disadvantaged children. The trust is a charity and a company limited by guarantee
(company number 05794281). It is incorporated and domiciled in the UK. The address of the
registered office is Ufton Court, Green Lane, Ufton Nervet, Reading, RG7 4HD.
2. ACCOUNTING POLICIES
a) Basis of preparation
The financial statements present the consolidated statement of financial activities (SOFA) and the
charity and consolidated balance sheets comprising the consolidation of the Trust, and its wholly
owned subsidiary Ufton Court Limited.
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
(FRS 102) (effective 1 January 2015) – Charities SORP (FRS 102), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Purchase of tangible fixed assets
(67,995)
(75,211)
Net cash used in investing activities
(66,645)
(74,614)
Change in cash and cash equivalents in the year
374,014
229,456
The Ufton Court Educational Trust meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise
stated in the relevant accounting policy note(s).
Cash and cash equivalents at the beginning of the year
1,324,812
1,095,356
The policies applied under the entity’s previous accounting framework are not materially different
from FRS 102 and have no impact on funds or the statement of financial activities.
Total cash and cash equivalents at the end of the year
1,698,826
1,324,812
No separate SOFA or Income and Expenditure Account have been presented for the Trust alone as
permitted by section 408 of the Companies Act 2006.
Analysis of cash and cash equivalents
Cash at bank and in hand
1,698,826
1,324,812
Going Concern Basis
After making enquiries, the Trustees have a reasonable expectation that the charity has adequate
resources to continue its activities for the foreseeable future. Accordingly, they continue to adopt
the going concern basis in preparing the financial statements as outlined in the Statement of
Trustees Responsibilities.
b) Income
Income from school visits and hire of the premises is accounted for in the period in which the visit
or hire takes place.
c) Donations
Donations received for the general purpose of the Trust are credited to unrestricted funds.
Donations for purposes restricted by the wishes of the donor are taken to restricted funds.
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