## **Trustees’ Annual Report for the period** **From 1.08.2019 Period start date To 31.07.2020 Period end date** **Charity name:** Alleyn Court Educational Trust **Charity registration number:** 02737124 ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|To promote and provide for the
advancement of education and in
connection therewith to conduct and carry
on and acquire and develop a school to be
known as Alleyn Court Preparatory School
and any other boarding or day schools in
the United Kingdom for the education of
children of either sex or both sexes and to
supply to the pupils general instruction of
the highest standard, together with
physical moral and spiritual training and
further to provide bursary support allowing
access to education.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|Provision of education to a rising school
role and the distribution of means tested
bursaries to allow those without sufficient
means to participate in the education.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|The trustees have had to regard to public
benefit in allowing external community
bodies to use to the school grounds and in
providing a generous scholarship scheme.| ## **Additional information (optional)** You may choose to include further statements where relevant about: ||SORP reference|| |---|---|---| |Policy on grant making|Para 1.38|Grants/ Bursaries are means tested and
are assessed by an independent assessor.| ||Para 1.38|The schools has supported community
activities by allowing use of the school
grounds until the advent of corona virus
when it became illegal to host gatherings.| |Policy on social investment
including program related
investment||| |---|---|---| |Contribution made by
volunteers|Para 1.38|Parents have volunteered to assist the
school in a number of ways, in particular
through the Forest School| |Other||| ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|The school started the year with 282
children enrolled which is somewhat lower
than the target of 300. By the end of the
school year this had risen to 297. The
lower roll is perceived to be a product of a
demographic low that is affected all schools
in the area.
In March the school closed early for Easter
as a result of the corona-virus first national
lock-down. Over the break staff prepared
the site for covid-secure delivery of
learning. Measures included, staggered
drop-offs, one way systems, sanitisation
stations and protocols. Pupil bubbles were
formed on-site and teachers who were
shielding or teaching multiple bubbles
worked remotely to deliver online teaching.
Parents were generally happy with the
provision and fees were paid as usual. As
guidance changed, regular risk-
assessment updates were implemented.
The costs of making the school covid
secure and the low roll led to concerns that
the school might move into deficit given the
current increased rate of contribution to the
Teachers Pension Scheme. A consultation
was initiated to explore alternatives with the
staff.
The trustees were grateful to the hardwork
of the staff, especially the Senior
Leadership Team whose exceptional effort
meant that that the school performed well
during a challenging year.| **Additional information (optional)** You may choose to include further statements where relevant about: |Achievements against
objectives set|Para 1.41|| |---|---|---| |Performance of fundraising
activities against objectives
set|Para 1.41|| |Investment performance
against objectives|Para 1.41|| |Other||| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|At 31 July 2020: consolidated net assets
£912,161 (2019 - £693,856); and cash at
bank £611,175 (2019-£481,042)| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|We hold reserves to provide working capital
for the school| |Amount of reserves held|Para 1.22|At 31 July 2020, £912,161 (2019 -
£693,856)| |Reasons for holding zero
reserves|Para 1.22|N/A| |Details of fund materially in
deficit|Para 1.24|N/A| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|Following the closure of the school
premises to pupils in March 2020 (in line
with Government guidance), the Trustees
continually carefully reviewed the future
financial position of the charity and school –
even more than is the normal case. They
consider that the reserves are sufficient to
enable the school to continue providing
teaching for the foreseeable future.| **Additional information (optional)** You may choose to include further statements where relevant about: |||| |---|---|---| |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|| |A description of the principal
risks facing the charity|Para 1.46|The largest single expense remains the
payroll and related costs. Close attention is
given at trustee meetings to the student
numbers and the fees anticipated in order
to ensure that we remain solvent.| |Other||| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Constitution| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|**Trust**| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|**Elected by Trustee body**| ## **Additional information (optional)** |**Additional information (optional)**|**Additional information (optional)**|| |---|---|---| |You may choose to include further statements||where relevant about:| |Policies and procedures
adopted for the induction
and training of trustees|Para 1.51|New trustees receive training organised by the
school and in consultation with existing
members of the trustee body. Recently the
trustees have received ltraining on the legal
obligations of being a trustee from LMWB and
the broader aspects of governance and
compliance from AGBIS.
The Trust owns the shares of the School
Company of Alleyn Court School.
The largest single expense is the payroll. Close
attention is given at trustee meetings to the
student numbers and the fees anticipated in
order to ensure that we remain solvent.| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|| |Relationship with any
related parties|Para 1.51|| |Other||| ## **Reference and Administrative details** |Charityname|AlleynCourtEducational Trust| |---|---| |Other name the charity uses|| |Registered charity number|02737124| |---|---| |Charity’s principal address|Alleyn Court School
Wakering Road
Southend-on-Sea
Essex
SS3 0PW01702582553| ||| ## **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Judith Collis|Chair||| ||Christopher Mills|||| ||John Wilcox|||| ||Shameem Nabi|||| ||George Wilcox|||| ||Nieves Vara
Gonzalez|||| ||Richard Green|||| ||Mark Albon|||| ||Margaret Ridley|||| ||Reim Rowe|||| ||Sarah Drummond|||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| – Corporate trustees names of the directors at the date the report was approved **Director name** Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year** ## **Funds held as custodian trustees on behalf of others** Description of the assets none held in this capacity Name and objects of the n/a charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for n/a safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** **Type of Name Address adviser Name of chief executive or names of senior staff members (Optional information)** ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s) Full name(s)** Dr Judith Collis **Position (eg Secretary,** Chair of Trustees **Chair, etc) Date** 19/5/2021 ALLEYN COURT EDUCAIIONAL IRUST CONSOLIDATED FINANCIAL STATEMEPItS FOR THE YEAR ENDED 31 JULY 2020 Compony No. 2737124 Reg￿tered Choiity No. 1017369 Akyn Court Edv¢ngl Tru51 Consolldaled F5nanclal Slalements For Y￿1 Ended 31 J￿Y 2020 Page Auditor5 report to the member5 Slalemenl of finonciol ocliwlies including income ond expenditure occnol Tw Aud[tO￿ Rewl to the Mombers For Ihe Yeor Ended 31 2￿1 Use of our rewl This report is rnade 501ety to the charitable compony'5 member5. as a body. in accordance with Chopter 3 01 Port 16 01 the Componie5 Act 2(X)6. Our audit wort hos been undertaken 50 Ihol we might stote lo th$ choriloble compony's and group's members those moller5 which we are required lo include in an oudilor's report addressed lo them. To the lullesl extent permitted by low. we do not accept or 055ume resrx)nsibility lo any party other thon the choriloble compony ond choriloble compony's members 0$ o body, for our work, for this report. or lor the opinions we hove IC￿1ed. Shahid Hameed ACA FCCA (Senior Statutory Auditor) lor and on behalf ol THP ￿mited Chortered Accountonts and Stolulory Auditors 34-40 High Street Wonsleod London El 12RJ Date.. Page 4 Alleyn Cowl EducalSonal Trust Consolldaled Stalement of Flnanclal Actfv711es (Includtng I￿orne and Expendltvre Aceovnl) For Ihe Ye(w Ended 31 Jutry 2(YXI Unreslrf¢ted Restrfcted funds funds Tolol funds 2020 Total Ivnds 2019 Nole Income Donations and legacies Other trading activities Investmen15 Other 6.792 3.038.704 42,061 48,853 3,038,704 3,099,7 204.747 204,747 20,401 Total Incomlng resovrce5 3252.637 42.061 3.294,692 3,162.610 Expendllvre Charitable expenditure other expenditure 9.377 3.033,293 23,653 33,030 3.033.293 20,368 2.894,734 Total resources expended 3.042.669 23,653 3.066,323 2.915.102 Nel Incomel(expendllure) Toxolion 209.961 110.0641 199.897 18.408 228,369 110.0641 218.305 247,508 117.6861 Nel movement In lunds Reconclli(rtlon of Ivnds Totol lund5 bllwd os premously sloted Prior yeor odjuslmenl Total lunds carrfed lo￿ard 18.408 229,822 628.9Sg 64.898 693.856 544.269 180,2351 693.8 828.855 912,111 The restolement was due lo o chonge in accounling policy to include amorlisalion ol goodwill. ASI incoming resources ond resources expended derive from continuing aclivilies. The slolemenl of finonciol oclivilies inchjdes oll goins ond k)sses recognised in the year. 2019 unrestrfded and resmcted fvnds 2019 2019 2019 Nol• Unreslrfded Reslrided Total fvnd5 Incom• Donotion5 and legacies other trading oclpiities Investments Other 24,641 3.099,7 15.568 40.209 3.099.7(XJ 20.401 20.401 Total Incomlng resources 3.147.042 15,568 3.162.610 Expendrlvre Choriloble expenditure Other expenditure ,368 20.368 2.894.734 2.894.734 Tolal resources expended 2.894.n4 20.368 2,915,102 Net incomel(expendrfure) Toxotion 252.308 14.8lJJl 247.508 17.686 117.6861 229.822 Nel movement In Ivnds Reconclllallon ol lunds TolaS funds brought Iixward Prior yeor odjuslmenl Total funds cathed forward 234.622 I4,e￿i 474.571 180.2351 628.958 69.698 544,269 80,2351 693,8S6 64.898 Page 5 Alleyn C¢)wl Edvcalbnal Twsl Con50lldaled Balance Sheet Asal 31 Juty2tr20 Notes 2019 Flxed assels Intangible assets Tongible oss&ls 12 13 26,746 573,459 553.887 553,887 14X),205 Current a55ets Oebtors Inve51rllen15 Cosh ol bonk ond in hond 15 168,431 134.393 611.175 481.042 829.￿6 6￿.435 Creditor5: gmounts folling due wrlhin one yeor 364,806 382.458 Nel Current assets 464,8 282.977 Total assets less current Ilabllllles 1,018.687 ,182 Credltors.. amovnls falllng due after one yeor Provlslons lor IlabHltles 17 124.861 64,465 18 61.887 Total nel assets 912.161 693,856 Fund5 Restiicted funds 83,306 64,898 Unreslricled general ft)nds 828.855 628,958 912.161 693.856 The notes lom port ol these occounts. These financial slalements are prepared in accordance vAlh the speciol promsions of Part 15 ol the Companies Act 2￿6 relating to small companies. Approved by the Board ot Trustees on . . 3)21. and signed on its beholf 2610512021 J Collls Chair of Trustees Compony No. 2737124 Page 6 Aleyn Court Educalk•nal Tnmt Company Baknce Sheèl As al 31 Juty 21Y20 Notes 2020 2019 Flxed assets Intangible a55ets Tangible a55ets Investments 14 80,C Curient assets Debtors C05h ol bonk and in hand 2fKJ.979 341.026 172,(KKJ 157,551 542,iJ)5 329,551 Credltors: omounts fallng due wlthln one year 13.931 6.730 Net current assets 528.074 322,821 Tolal assels less cuThent Ilabllmles 8.074 402.821 Total net assets 608.074 4W.821 Funds Reslricled funds 83.￿6 64.898 Unreslrictod general funds 524.768 7,923 608.074 402.821 Charitable companys surplus lor the yeor £205,253 £184.265 The noles lom port ol these acc¢￿nts. These linanciol 51olemenls ore prepared in occordance Nmth the speciol prowsions ol Part 15 of the Componies Act 2￿6 reloling lo small companies. Approved by the Board of Tru51ees on ................. 3J21. and signed on its beholl J Collls Choir ol Trustee 2610512021 Compony No. 2737124 Page 7 Alleyn CoL*t Edutotlonol Tru Consolldoted Stalemenl of Cash Flows For Ihe Year Ended 31 J￿¥ 2tr20 2020 2019 Cash vsed In opefollng odMNes Net movement in funds Depreciation charge Amortisolion of Goodwll Interest received Increase in debtOf5 Decrease ir) creditor5 218.305 51,080 26.746 12,3881 134,0381 11 W,4521 229.822 49,142 26.745 12,3001 177,8671 1207,1701 Nel cosh Provided by operaltng act1vi￿$ 159,253 18.372 Cash flows from Invesltng actmtles Inleresl income Purchase of tangible fixed asset5 Sale ol tangible fixed a55ets Purchase of intangible assets and investments Cosh used In In¥esllng actlvlNes 2,3 184,9181 131,5081 129.1201 182.6181 Increase Sn cash ¢Jnd cash equfvalents In Ihe year 130,133 64,2461 Cash gnd Cash equN0￿nls al Ihe b•glnntng ol th• y•ar 481.042 545.288 Cash and cash oqutvolenls al the end of Ihe yw 611,175 481,042 Page8 Alleyn CO￿ Edvcallonol Tnmt Notes lo Ihe Fln¢nclol Slotemenls For the Year Ended 31 J￿Y 2020 A¢counling policies. judgement5 ryKI key sowce5 of esNmalbn vncertalnty Company In10￿T￿lIOn Alleyn Court Educational Trust 15 a private company limited by guoranlee domiciled and incorporated in England and Wales. The registered office is 75 S[￿ngfield Road. Chelm51ord, E55ex, CM2 6JB. The company number is 2737124. These consolidoled occounts include the results of the componls sub%diory, Alleyn Court IPreparaloryl Westcliff ￿MIted. AccovnlSng polkles The principal accounting policEs odopled. judgements ond key sources ol estimation ol uncertoinfy in the preparation of the finoncial stolements ore os follows.. a) Basls of Pfepar(thon The consolidoled financial statements hove been prepored in acc￿dOnCe with Accounting ond Reporting by Chorilies.. Stalemenl of Recommended Practice opplicoble lo chorities preparing their accour115 in accordance wth the ￿nancIal Reporling Standard applicable in the UK ar)d Republic ol Ireland IFRS1021 leffective l Jonuary 20151- |Chorilies SORP IFRSI 0211, the Finoncial Reporhng Stondard appfScat￿e in the UK ond Republic of Irelond IFRS1021 ond the Componies Acl 2(X)6. Alleyn Court Educational T￿51 meets the definition ol a put￿￿ benefit entity under FRS 102. A5set5 ond liabli itie5 are initialty recOgn￿ed al historical cost or Iran5aclion volue unless otherwise staled in the relevont occounhng policy nolelsl. The financial 51alemenls are prepored in slerfing. which is the functional currency of the company. Monetary arnounts in these financial 5totemenls are rounded lo the neare51 pound. The linonciol Statements hove been prepared under the hi51oricol c051 convention. The principal accounting policies odopled are sel out below. b) Basls ot consolldat5on These linanciol statements incorporole the audited finonciol stotements of Alleyn Court Educalionol Trust ond ils subsidiary undertaking. Alleyn Court IPreporaloryl Weslcliff Limited. which has the same yeor end, consdiduled on a line by line ba51S. The re5uIt5 of Ihe troding subsidiory are induded in the Con501idaled Slalemenl of financial Aclivilies. The consolidated balance sheel represents the total as*ts and liobililies ol the groLJP. As permilled by section 408 01 the Componie5 Act 2W6, the income ond expenditure of the parent churity is not presented 05 port ol these linonciol slolemenls. c) Prèporatlon of Ihe accounts on o golng concem bosis The chority reported a surplus for the yeor. ond fhe reserves ore ol o level that con sustain Ihe running costs lor o period of in excess 0112 months ond on Ihot bosis the chorify is 0 going concem. d) Income Voluntary income including donotions, gifts. legocies ond grants ol a genefol nature are recognised where there is enknmement, certointy ol receipt ond the afnount con be meosured with sufficient reliobility. Such income is only deferred when.. Ihe donor specifies that the gront or donotion musl be used only in future occounling periods: or - the donor hos imposed condilions which musl be m&1 before Ihe chority hos obsolule entitlement. School lee income from troding activities as a weparalory schoc4 is recognised in the same accounting period as Ihe relevant tem lo which the fees relote. Income from fUndraI￿ng events run by the charity is recognt5ed in the occounls when received. Govemmenl grants are acccMJnled lor on a receivable b]ss. Poge 9 Alleyn CotMI Educatlonal Trust Noles lo Ihe Flnan¢lul Slolements For thè Year Ended 31 J￿Y 2tr20 e) Dsjnalèd swl¢e5 ond focllllles Donoled prolessionol services ond donoled focli ilies are recogni5ed a5 income when the chority has control over Ihem, ony conditions ossocioted with the donated item have been mel. the receipts of economic benefits from the use by the chority ol the item 15 probable and that economic benefit can be meosured rel10b￿. In occordonce with the Charities SORP IFRS 1021. general volunteer lime ol Ihe chority i% not recognsed. fj Interesl recelvoble Interest on funds heSd on deposit is included when recavoble ond the omounl can be meo5ured reliably by the group.. this ￿ normally upon nolificalion ol the interest poid or poyoble by the bonk. g) Fund accounllng Unrestricted funds are avoila￿e lo spend on acfvvilies that further any ol tha purposes ol Ihe charty. Designated funds ore unreslricled funds ol the charity which tho Iruslees have decided at th￿r discretion lo sel 0sKJe lo use lor a specific purpose. Restrictecl funds comprise of income which the conlributcy ha5 specified are lo be sole used for porticulor ¢yeos of the chority's work or for a specific project being undertaken by the charity. h) Expendllure arKI Irrecoverable VAT Expenditure 15 recogni5ed once there 15 (J legal or constructive obligotion to make o payment lo a third porly. il is proboble thot settlement wll be required and the amount ol the obligation can be meosured refiobly. EX￿ndit￿re i% clossified under the following activity headings.. Costs of raising funds comprise the costs of ftjndraising events ond Ih&r 5UPPOrt arTrd promotion c0515. - Other expendihjre represen15 the costs of running the weparatory school. lThecoveroble VAT is chorged as o cosl ogainsl Ihe acti￿ty f￿ which the expenditure wos incurred. Alloctslitin ol support CO515 SLJPPOrt cost5 are those function5 Ihat 05sisI the work ol the charity bul do not directly underloke choritoble octrrfities. Support cosls include Fxole55ional fees and governonce costs which supp(*t Ihe chorify. These costs hove been included in Other expenditure. J} OpeiaNng leoses The group clossities the short tem lease ol F4opeflies and equipment a5 operating leoses.. the lille to which remains with the less￿. Rentol charges are charged on o slroighl line bosis over the lem ol the leose. k) Tanglble ffxed assets Individual asset5 costing £5￿ or more ore ca￿tarISed at cost and depreciated over their estimoted useful economic INe5 05 follow5.. Fixlvres, fillings ond school equipment- IO% or %YA per annum reducing balance basis,- Computer equipmenl- 20% per annum stroghl line-, Leosehold lond ond buildings- equal onnuol instolmenls over the lease period. l) Intanglble Ilxed a55els Goodwill on acquisition ol the charivs svbsidiary ￿ shown as an Intangbi le Fixed A55et. Amorlisolion ha5 been promded on Ihis ol o rate of 20% per annum stroighl line bas5. Page 10 Aleyn co￿* Educalional Trust Noles to the FSnanclal Slatements For the ye￿ Ended 31 July 2tr20 m) Deblors Trode and other debtors ore recognised al the settlement omovnt due. Piepayments are valued al the omount prepaid nel ol ony discounts. n) Cosh ¢1 bank and Sn hond Cosh ol bonk oncl in hond includes cosh ond short lerm highty fiquid investments with a short maturity ol six monlhs cx ￿55 trom the date of ocquisilion or opening of the depo%1 or similor occounl. o) Credllor5 and provlsk)ns Creditor5 ond provisions are recogni5ed where Ihe chartly ha5 a present obligotion resvlting from a pa51 event thot will probobty result in the tronsler lo o third paty and the omount due lo settle the otAigohon Can be meosvred or e51imaled reliably. Creditors and prowgions are normolty recognised ol the settkmenl amount after allowng lor any discounts due. p) Nnanclal Instrumenls The group or)ly has financial assets and financial liabli ilies ol a kind Ihot qualify 05 b05ic financial irTr5truments. Basic linonciol instruments ore initially recognised al Ironsoclion volue and 5ubsequentW measured ol their Sett￿ment value. q) Penslon$ The group mokes contribvlions lo the Teacher5 Pen%on Scheme, and a150 to a defined contriLwlion contribution scheme. Although the Teache￿ Pension Scheme is o deffned benefit scheme. l is not possible to distinguish the liabilitie5 of Alleyn Court. and conhibutions lo Ihi5 5¢h&me are therelore accounted lor as if it were a delined confvibulion scheme. Judgements and key sowces of esllmullon uncertulnty Key souices of esllmallon vncertalnty The eslimales ond ossumplions which have a significant risk of couyng a moleriol adju51menl to the carrying amount of assets ond liabililies are as follows. Uselul e¢onomi¢ lives of ffixed ossèts The onnuol depreciotion chorge lor fixed ossels is sensitive lo chonge5 in the eslimoled usefvl economic lives ond res￿dual volues ol Ihe ossets. The useful economic lives ond residuol volues ore rwssessed onnuolty. They ore omended when necessary lo rellecl current eslimales. based on lechnologicol advoncement, future investments. economic ulilisalion and the phy&cal condih.on of the (J5sels. Legol slolus of Ihe ¢hoidy The company 15 limited by guorontee. The number ol member5 Qt the end of the year was 212019.. 21. The lioblity ol eoch member or persons ceosing to be members within one year DI the one year ol Ihe compony's windin9 vp. towards poymenl ol the company debt5 ond liobililies controded before ce55otion ol membership, ond winding up expenses. is limited to £1. Pog&ll Alleyn Cowl Educallonal Trvsl Notes lo the FSnanclol Stolemen15 For the ye￿ Ended 31 J￿Y 2ty20 DonoHons and legacles Unfftslrfcl Donations 2019 6.792 24.641 6,792 24,641 Restrfcled Donolions 42,061 15,568 42.061 15.568 Income from otherlradlng aclfvlH•s 2020 2019 School lee income 3,038,704 3,099,700 3.038.704 3.099.700 Investmenl Income All ol the charivs investment income orise5 from interest bearing deFosiI accounts. Other experKlllvre 2020 2019 School running costs Govemonce costs 3.022.955 10.338 2.887.ct)2 7.732 3,033.293 2,894,734 Staff costs 21Y20 2019 Total 51aff costs during the year. Gross solories Sociol security Pension contributions 1,719.778 149.987 227.357 1,688,538 144,840 167,208 2.097.122 2.ffl0.586 One employee received emoluments ol between £60.CMX) ond £70.￿l2079:71. One employee received emoluments ol be￿een SBO,CXK) ond £90,IXiO t￿79:71. Page 12 Alleyn Cowl Edvcutlonal Notes to the Flnanctal Stalements Fcrf the Yeor Ended 31 July 2tr20 staff numbers 2020 2019 Tolol paid stall 79 82 Working fvll lime 4.5 doys per week 4 doys per week 3.5 days per week 3 days per week 2.5 days per week 2 days per week 1.5 days pef week I day per week 55 56 Full lime eqvivolenl 71 At Ihe year end dale 6412019- dJ71 ol the above employees parlicipaled in pension schemes contributed lo by the employ￿. Tru*ees remuneratlon and the Cosl of key maTh￿ement petsonr The key monogement personnel of the chority com￿7$e the Heod and the Bursar ol Alleyn Court School. The lolal remuneration of the key manogemenl personnel was £180.96i112019= £172.0541. io. Net Incomlng resowces 2tr20 2019 Nel incoming resources lor Ihe yeor ore stoled otter chorging: Depreciolion ol fLxed assets Amortisotion ol intangible fixed assets Auditors remuneration Rental payments under operating leases 51,080 26,745 4,250 219.036 49,142 26,745 1,200 211,536 Page 13 Alleyn Court Educalionol Trvsl Notes to Ihe Flnanclol Slalemenls Fof the Yeor Ended 31 July 2tr20 ToxalSon As a charity, Alleyn Court Educational Trust ￿ exempt from tox on income ar)d gains lolling wthin Section SJ5 of the Taxes Acl 1988 CY section 256 01 the faxation of Ch￿geOble Gains Act 1992 to the extent thot these ore opplied lo its chatttoble objects. The subsidiory is not exempl from tOL ond prowdes deferred lax on the liming difference thol arises on cloiming copilol ollowonces in excess of the deprecialion chorged on Fixed Assets. 12. Intanglble fixed assets Goodwlll on acqui5ihon Total Cost Al l Augu512018 Additions Di5P05oIs 133.726 133.726 At31 JU￿2018 I￿,726 133,726 AmorNsallon Al l August 2019 Chorge lor Ihe yeor Eliminoled on disposol 106.981) 26,746 106,980 26,746 Al 31 Juty 2020 133.726 133.726 Net book Yolve Al 31 July 2020 A131 July2019 26.746 26,746 Page 14 Alleyn Court Educatlonal Trust Noles to the Ftnanclal Stalemènts For the Year Ended 31 Juty 2￿20 13. Tanglble flxed assels khool Equlpment Flxture5 & Fittings Dinlng Hal Total C051 At l August 2019 Addilions 468.036 5.597 243.767 25.912 932,208 31,509 Al 31 July 20XJ 220.405 473,633 269,679 963.717 Depre¢laNon Al l August 2019 Chorge for the yeor 8.728 4.234 255.013 21.597 95.008 25.249 358,749 51,080 At 31 July 2020 12.962 276,610 120.257 409.829 Nel book Yulve Al 31 July 2020 207,443 197.023 149.421 553.887 At31 Juty2019 211.677 213,023 148,759 573.459 14. Inv•stmenls . company 4)n 20 2019 Loan lo Alleyn Court (Prewrolwl Westcliff Lhmiled The loan is interest free. unsecrured, ond with no set dote for repoymenl. 15. DebtQf5 - g¢)UP 2020 2019 Trode deblo Prepayments Other debtors 46,657 77,058 44,716 48,862 80.437 5.094 168.431 134.393 16. Credltors.. amounts lallSng due wtthln one year- giovp 2ff20 2019 Trode creditors Other creditors Accruals and defe￿ed incom Taxation and social securify 6,922 288.320 20.518 49.026 1.538 316.868 18,620 45.432 364.806 382,458 17. Credltors: amounts lalung due ofter one year- group 2020 2019 Trade creditor5 Accrua15 and deferred income Taxation and Social 5ecvrity 44.639 124.861 44.639 124,861 Page 15 Alle￿ co￿1 Educamonol Trust Noles lo Flnanc￿l Stolernents For Year ErKled 31 July 2020 18. Provlslons lor llabllllles- group 2020 2019 Deferred tax on caylal allowonces cbirr￿d in excess ol deprecation charged 61,887 64,465 61.887 64.465 Flnanclal Inslruments - group 2tr20 2019 CarySng amovnl ol financial assets Debt instruments meosured ol amortised cost 40,657 48.862 Carylng amovnl ol financlal Habllllle5 Measured at amortised cost 6.922 1,538 19. Analysls of chaltal￿e lunds - group Unrestrlcted Reslrfcted Total At Ihe beginning of the yeor Surplus lor tt)e year 628,958 64,898 693,856 199.897 18.408 218.305 828.855 83,306 912,161 IncomSng resources Resources expended Unrestrtcted funds 01.Aug-I g Trarthr 31-Jvl-20 General fund 628.958 3.252.￿7 13,052,734) 828.855 628.958 3.252.631 13.052.734) 828.855 Incoming res0￿c•S Rèsouices expended R￿1￿Cted funds 01.Aug-19 Tranthr 31-Jvl-20 Jr5ory prowsion 64.898 42.061 123.6531 83.306 64,898 42.061 123.6531 ,306 Puwe of restilcled funds The bursory prowsion is donations received lo provide bU￿arieS lo pvpils ol Alleyn Court School. Poge 16 Alleyn Court Edvcaliontil Trusl Notes lo Ihe Flnonclul Slolements For fhe Year Ended 31 Jvly 2tr20 20. Analysls ol nel assets behveen lunds - ￿0￿P G•n•ral fund R•sMct•d funds 2020 Total Fixed ossels Current assets 553,887 746.I I471.￿21 553,887 829,606 1471,3321 83.306 Net assets 828,855 83,306 912.161 General fund Re￿riCted Ivnds 2019 Fixed Ossets Cvrrenl assets tIX),205 ,537 1571.7841 6￿,205 665,435 1571,7841 64,898 Nel assets 628,958 64,898 693,856 21. Lease commllments . group At the yeor end dole Ihe charity hod the fdloyéing leose commitments.. 2019 Falling due.. Wilhin one year Between one and five yeats After live years 218,535 874.139 7.306.614 218,535 874,140 7,X12.646 8,399.288 8.595.321 The operating leose commitments relole to rent on School premises. Transocllons wlth Tfuslo•s and Rdal•d portl•s 2020 2019 Remunerotion poid by Alleyn Court School for teaching seNce5'. W D A Wilcox fTrusleel Pension poid by Alleyn Court School.. J W T Wilcox (Trusleel 24,710 34.980 21.1(KJ 20.582 Rent poid by Alleyn Court Schod.. W D A Wilcox ond N Gonzoles Wilcox Ifrusleesl Wilcox PTopety LLP 46,035 172,500 46.035 I65.￿7 One member of the Wilcox Property LLP is a Truslee of the Charity. 23. Ulllmale contromlng party There is no ulfi"rnate controifing paty. Page 17 ## ALLEYN COURT EDUCATIONAL TRUST THP Chartered Accountants – Group Audit Findings Report Audit for the period ended 31 July 2020 Page 1 |**Section**|**Content**|**Pages**| |---|---|---| |1|Introduction|3-4| |2|Findings from our audit|5-9| |3|Audit adjustments|10| |4|Unadjusted errors|10| Page 2 ## **1 Introduction** This report summarises the findings from the audit for the year ended 31 July 2020, which is now substantially complete. We would like to take this opportunity of thanking the Trustees and staff for the assistance and co-operation we have received during the course of our work. This report is for your private use only. It has been prepared on the understanding that it will not be disclosed to any third party, or quoted to or referred to, without our prior written consent and we assume no responsibility to any other party. ## Financial statements The Trustees are responsible for the preparation of the Financial Statements on a going concern basis unless this basis is inappropriate. They are also responsible for ensuring that the Financial Statements give a true and fair view and that any disclosure on going concern is clear, balanced and appropriate. ## Matters from our audit In accordance with International Standards on Auditing (UK & Ireland) (“ISAs”), we are required to draw your attention to certain issues arising from our audit which we believe you should have in mind when considering whether to approve the final draft Financial Statements. The matters are set out in Sections 2, 3 and 4 of this report. Our audit work included an examination of some of the transactions and procedures with a view to expressing an opinion on the Financial Statements for the year ended 31 July 2020. This work was not directed primarily towards discovering weaknesses other than those that would affect our audit opinion or towards the detection of fraud. We have included in this report only matters that have come to our attention as a result of our normal audit procedures and consequently our comments should not be regarded as a comprehensive record of all weaknesses that may exist or of all improvements that might be made. ## Audit procedures We refer to our engagement letter dated 15 January 2021 which sets out the terms of our audit appointment. There are no changes to the terms in that letter of which you should be aware. Our audit procedures, which are designed primarily to enable us to form an opinion on your Financial Statements, were carried out in accordance with ISAs. Our work continues to combine substantive procedures involving direct verification of balances and transactions, including obtaining confirmations from third parties where we considered this to be necessary, with a review of certain of your financial systems and controls. We refer to our letter of 7 April 2021 in which we set out our overall approach the audit. There are no additional matters to bring to your attention. Page 3 Independence We refer to our letter of 7 April 2021 in which we set out the results of our review of our independence and objectivity as auditors in the light of Ethical Standards. We confirm that there have been no additional matters that might have an influence on our independence or objectivity. Status of audit Our audit fieldwork was completed in the last week of May 2021 and all of our audit queries are now resolved. Page 4 ## **2 Findings from our audit** Opinion on the Financial Statements Based on our audit work to date we expect to issue an unqualified audit opinion on the financial statements. Please note that if additional relevant audit information is identified in the course of your consideration of the draft Financial Statements and representation letter, it may cause us to revise our audit opinion. Significant audit issues, difficulties encountered and weaknesses in internal controls – The Management Letter It is the responsibility of the Trustees to develop and implement systems of internal financial control and to put in place proper arrangements to monitor their adequacy and effectiveness in practice. Our responsibility as your auditor is to consider whether the Trustees have put adequate arrangements in place to satisfy themselves that the systems of internal financial control are both adequate and effective in practice. Our work during the audit included an examination of some of the Group’s transactions and key controls and procedures with a view to expressing an opinion on the Financial Statements for the year. This work was not directed primarily towards discovering weaknesses or towards the detection of fraud. We have only considered matters that have come to our attention as a result of our normal audit procedures, and consequently our comments should not be regarded as a comprehensive record of all weaknesses that may exist or of all improvements that might be made. ## **Quality of the Accounting Records** We are pleased to report to you that, other than matters listed below, we did not find significant issues with the quality and accuracy of the accounting records and controls. This was driven by the strong controls and compliance procedures implemented by the management. Page 5 The following table sets out what, in our opinion, are certain deficiencies in your systems of internal control and, where relevant, our recommendations for improving the position. Where applicable, comments received from Management are included. |**Issue and Risk**|**Management Response**| |---|---| |**1.**
**Fees received from a past student**
•
During the audit we discovered that the school
continues to receive £100 per month, total
received £10,627 as at 31 July 2020, from a
particular student reference RAGC01. Although
the pupil has long left the school.
•
We strongly recommend that efforts are made
to return the monies immediately.
•We will need to review the actions taken in this
area when we audit the 2021 Financial
Statements.|| Page 6 Matters of governance interest We did not identify any significant issues relating to the governance of the Group which we feel should be drawn to your attention in the context of the approval of the Financial Statements. Other matters to be reported by exception Under the Companies Act, we are required to report if we are not satisfied with the position in relation to: the adequacy of accounting records; the adequacy of returns received from branches not visited by us; - whether the financial statements are in agreement with the accounting records and returns; - whether certain disclosures of Trustees’ remuneration specified by law have been made; and - whether we have received all of the information and explanations we require for our audit. We confirm that we are satisfied in these respects, and will confirm in our audit report that we have nothing to report in respect of these matters. Going concern basis of accounting The Financial Statements have been prepared on the going concern basis of accounting. We are satisfied, on the basis of our review, that the going concern basis is appropriate. Accounting policies We are satisfied that the Financial Statements give a true and fair view on the basis of the accounting policies adopted. Accounting estimates We have reviewed the accounting estimates adopted by the Group. More generally, we have reviewed the procedures and documentation maintained by Management when considering the accounting estimates within the Financial Statements. We are satisfied that, in all material respects, the Financial Statements show a true and fair view with the existing estimates. Related party transactions We have identified few related party transactions that we believe require disclosure in the consolidated accounts. These have been confirmed separately with you in the letter of representation. Page 9 Fraud indicators Management has confirmed to us that it is not aware of any significant incidences of fraud or suspected fraud during the year. We have not identified any reason to doubt that confirmation. Compliance with laws and regulations In our opinion, the areas of law and regulation which are relevant to the Financial Statements are as follows: Companies Act 2006 FRS 102 (Charites SORP) Charities Act 2011 - Bribery Act 2010 Employment law Data protection legislation and GDPR Management has confirmed that it is not aware of any breaches. We did not identify any instances of non-compliance during the course of our audit work. Other disclosures in the Financial Statements We have reviewed the Financial Statements, and have formed the view that they comply with the requirements of the Charities Act, the Companies Act and relevant Accounting Standards. Our review found no significant disclosure omissions in the Financial Statements. Page 9 ## **3 Audit adjustments** ISAs require that we report to you all misstatements which we identified as a result of the audit process and which were not adjusted, unless those matters are clearly trivial in size or nature. We bring them to your attention to aid you in fulfilling your governance responsibilities. Our audit adjustments have been agreed with the management as we progressed the audit. ## **4 Unadjusted misstatements** All non-trivial adjustments that we highlighted as the result of our audit work have been adjusted for in the final accounts. Page 10