Ufton Court Annual Report SPREADS - Page 41



THE UFTON COURT EDUCATIONAL TRUST
(A company limited by guarantee)
THE UFTON COURT EDUCATIONAL TRUST
(A company limited by guarantee)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2019
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2019
5. TRADING INCOME AND EXPENDITURE
6. TOTAL RESOURCES EXPENDED
The Trust owns 100% of Ufton Court Limited (registered company no. 05815533), registered office
Ufton Court, Green Lane, Reading, Berkshire, RG7 4DH. This company was established to carry out
the non-charitable trading activities associated with the Trust. Trading results extracted from its
financial statements are shown below:
2019
£
2018
£
Turnover
485,368
480,336
Cost of sales
(81,275)
(70,491)
Gross profit
404,093
409,845
Administrative expenses
(95,496)
(109,845)
Operating profit
308,597
300,000
Profit after tax
308,597
300,000
5,550
1,287
5,550
1,287
Retained earnings at the beginning of the year
Profit for the year
Gift aid donation
Retained earnings at the end of the year
308,597
300,000
(309,696)
(295,737)
4,451
5,550
2019
Staff costs
£
Direct Costs
£
Depreciation
£
Total 2019
£
Charitable activities
   Teaching costs
299,942
57,670
7,230
364,842
   Welfare costs
209,557
146,159
21,996
377,712
   Premises costs
95,584
176,755
78,250
350,589
   Other support costs
96,198
79,708
2,199
178,105
109,675
1,271,248
701,281
460,292
68,834
28,317
-
97,151
1,510
-
1,510
109,675
1,369,909
1,098
176,771
110,773
1,546,680
Raising funds
   Fundraising costs
   Interest paid
-
CHARITABLE COMPANY
770,115
490,119
    Trading company costs
147,549
28,124
GROUP
917,664
518,243
Included within other support costs are governance costs totalling £12,882 (2018: £10,430).
2018
Staff costs
£
Direct Costs
£
Depreciation
£
Total 2018
£
Charitable activities
   Teaching costs
256,628
74,014
9,205
339,847
   Welfare costs
198,263
134,589
25,085
357,937
   Premises costs
81,935
209,646
80,196
371,777
   Other support costs
96,589
83,270
2,544
182,403
117,030
1,251,964
The net assets of Ufton Court Limited at 31 August 2019 were £4,452 (2018: £5,551).
633,415
501,519
62,110
38,180
-
100,290
1,469
-
1,469
117,030
1,353,723
669
180,336
117,699
1,534,059
Raising funds
   Fundraising costs
   Interest paid
40
-
CHARITABLE COMPANY
695,525
541,168
   Trading company costs
155,209
24,458
GROUP
850,734
565,626
41

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