Page 43 - 2019-20 Annual Report and Financial Statements

DIOCESE OF CHICHESTER ACADEMY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2020
Funds
Restricted general funds
General Annual Grant (GAG) Start up grants
Other DfE / ESFA grants Other government grants Other restricted funds Pension reserve
Restricted fixed asset funds
Inherited on conversion DfE group capital grants
Total restricted funds Unrestricted funds
General funds
Total funds
Balance at 1 September 2019
235,423 13,797 788,006
-
143,044 (2,274,000)
(1,093,730)
-
244,340 244,340
(849,390) 323,162 (526,228)
Income Expenditure
Gains, losses and transfers
The specific purposes for which the funds are to be applied are as follows:
Balance at 31 August 2020 £££££
14,390,668 -
2,768,769 227,493 718,265
-
18,105,195
-
679,380 679,380
18,784,575 633,303 19,417,878
(14,362,960) -
(2,656,632) (227,493) (949,103)
(1,707,000) (19,903,188)
24,794 5,679
30,473 (19,872,715) (233,801) (20,106,516)
-
-
20,631 -
311,757 (1,951,000)
(1,618,612)
(24,794) (261,247)
(286,041) (1,904,653) (46,347) (1,951,000)
263,131 13,797 920,774
-
223,963 (5,932,000)
(4,510,335)
-
668,152 668,152
(3,842,183) 676,317
(3,165,866)
General Annual Grant are to be used for funding the Academy's operating costs. The Academy Trust is not subject to a limit on the amount of GAG that it can carry forward.
Start up and other DfE/ESFA grants are to be used for funding the Academy's operating costs.
Other government and local authority grants are to be used for funding the Academy's operating costs as well as towards the costs of providing special educational needs.
DFC group capital funds are to be used to improvement buildings and other faculties, including ICT or capital repairs.
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