a; | CHARITY COMMISSION FOR ENGLAND AND WALES
Trustees’ Annual Report for the period
From 1.08.2022 Period start date To 31.07.2023
Period end date
Charity name: Alleyn Court Educational Trust
Charity registration number: 1017369
Objectives and Activities
| a | 6 | |
|---|---|---|
| Summary ofthe purposes of | ||
| the charity as set out in its | advancement of education and in | |
| governing document | connection therewith to conduct and carry | |
| on and acquire and develop a school to be | ||
| the United Kingdom forthe education of | ||
| children of either sex or both sexes and to | ||
| supply to the pupils general instruction of | ||
| the highest standard, togetherwith physical | ||
| moral and spiritual training and further to | ||
| provide bursary support allowing access to | ||
| education. | ||
| Summary ofthemain activities in relation to those |
(an 1.17and | Provision ofeducation to allAlleyn Court School pupils, and the distribution of |
| purposes for the public | means tested bursaries to allowthose | |
| benefit, in particular, the | without sufficient means to benefit from that | |
| activities, projects or | education. | |
| services identified in the | ||
| accounts. | ||
| Statement confirming | Para 1.18 | The trustees have had to regard to public |
| whetherthetrustees have | benefit in allowing external community | |
| had regard to the guidance | bodies to usethe school grounds and in | |
| issued by the Charity | providing a generous scholarship scheme. | |
| Commission on public | ||
| benefit | ||
| Additional information (optional) | ||
| You may choose to include further statements where relevant about: [SORPrefeencePO Grants and Bursaries to individual pupils |
||
| Para 1.38 | are means tested and are assessed by an | |
| Policy on grant making | independent assessor. | |
| The school supports community activities | ||
| Para 1.38 | by allowing use ofthe school grounds and | |
| othersportingfacilities. |
| Policy on social investment | ||
|---|---|---|
| including program related | ||
| investment | ||
| Parents volunteer to assist the school in a | ||
| Para 1.38 | number ofways, in particularthrough the | |
| Contribution made by | very active Forest School. During the year | |
| volunteers | the Parents Association provided | |
| equipmentforthechildren’sPlayArea. |
Achievements and Performance
| a | a | ||
|---|---|---|---|
| The school started theyear with 283 | |||
| children enrolled forAutumn Term 2022. | |||
| This increased to 285 pupils in the Summer | |||
| Summary ofthe main z F achievements ofthe charity, |
Para 1.20 | Term 2023. | |
| identifying the difference | the | School pupils at all levels have continued | |
| charity's work has made | to | to do well in musical and sporting events, | |
| the circumstances of its | and the 11 plus results indicate the | ||
| beneficiaries and any wider | academic success achieved by pupilsfrom | ||
| benefits to society as a | all backgrounds. | ||
| whole. | |||
| During the year the Schoolwas inspected | |||
| by the Independent Schools Inspectorate, | |||
| who confirmed that the School meets all | |||
| relevant standards and requirements. | |||
| The trustees are grateful forthe hard work | |||
| of all staff, especially the Senior Leadership | |||
| Team whose exceptional effort meantthat | |||
| theschoolcontinuedtoperformwell. |
Additional information (optional)
| Additional information (optional) | Additional information (optional) | |
|---|---|---|
| You may choose to include further statements |
where relevant about: | |
| During the year, a building projectwas | ||
| completed to provide improved | ||
| Achievements against | Para 1.41 | accommodation for staffand pupils, |
| objectives set | includinga lift for full disabled access. |
|
| Performance offundraising activities against objectives |
Para 1.41 | |
| set | ||
| Investment performance | Para 1.41 | |
| against objectives | ||
| At 31 July 2023, the School closed the pre- | ||
| Other | preparatory facility at Imperial Avenue, | |
| Westcliff. The Trustees are pleased that all | ||
| educational provision will be on one site at | ||
| Wakering Road, Thorpe Bay from | ||
| September2023. |
Financial Review
| Review ofthe charity’s | Para 1.21 | At 31 July 2023: consolidated net assets | |
|---|---|---|---|
| ofthe period | at bank £538,506 (2022 - £685,376 | ||
| Statement explaining the | Para 1.22 | We hold reserves to provide capital forthe | |
| policy for holding reserves | school. | ||
| stating why they areheld Amount ofreserves held |
Para 1.22 | ||
| £1,259,941). | |||
| reserves | |||
| deficit | |||
| Explanation ofany | Para 1.23 | The Trustees continually reviewthe future | |
| uncertainties about the | financial position ofthe charity and school. | ||
| charity continuing as a going | They consider that the Reserves are | ||
| concern | sufficient to enable the school to continue | ||
| providing high quality teaching for the | |||
| foreseeable future, and to refurbish the | |||
| School premises to the level expected by | |||
| currentandprospectivepupilsandparents. |
Additional information (optional) You may choose to include further statements where relevant about:
|The charity's principal
sources offunds (including|| Pata 1.47||
|---|---|---|
|any fundraising)|||
|Investment policy and|||
|objectives including any|Para 1.46||
|social investment policy|||
|adopted|||
|||The largest single expense remains the|
|||payroll and related costs. Close attention is|
|A description ofthe principal|| Para 1.46|given attrustee meetings to the pupil|
|risks facing the charity||numbers and the fees anticipated in order|
|||toensurethatweremainsolvent.|
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Structure, Governance and Management
trusts: —_
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| trusts: | —_ | |
|---|---|---|
| trust deed, royal charter | ||
| How is the charity | Para 1.25 | Charitable company |
| constituted? | ||
| (e.g unincorporated | ||
| association, ClO | ||
| Trustee selection methods | Para 1.25 | All Trustees are elected to their posts by |
| including details ofany | the Trustee body as a whole. | |
| constitutional provisions e.g. | ||
| election to post or name of | ||
| any person or body entitled | ||
| to appoint one or more | ||
| trustees |
Additional information (optional) You may choose to include further statements where relevant about:
| New trustees receive training organised by | ||
|---|---|---|
| the school and in consultation with existing | ||
| Policies and procedures | members ofthe trustee body. All Trustees | |
| adopted forthe induction | vate lat | receive regular training and updates on |
| and training oftrustees | safeguarding. | |
| All Trustees are required to provide a DBS |
||
| report and certificate on joining the Board | ||
| of Trustees. | ||
| The Trust owns the entire issued share | ||
| capital ofAlleyn Court (Preparatory) | ||
| The charity's organisational! | Westcliff Limited. | |
| structure and any wider | Para 1.51 | The Charity Trustees arethe de facto |
| network with which the | Governors ofAlleyn Court School. | |
| charity works | ||
| Relationship with any | Para 1.51 | |
| related partiesmF |
Reference and Administrative details |Othernamethecharityuses| sd Wakering Road Southend-on-Sea Essex SS3 OPW 01702 582553 a Q
Names of the charity trustees who manage the charity
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Corporate trustees — names of the directors at the date the report was approved
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Name of trustees holding title to property belonging to the charity
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Funds held as custodian trustees on behalf of others
| Description ofthe assets | |
|---|---|
| held in this capacity | |
| Name and objects ofthe | n/a |
| charity on whose behalf the | |
| assets are held and how this | |
| falls within the custodian | |
| charity's objects | |
| Details ofarrangements for | n/a |
| safe custody and | |
| segregation ofsuch 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) AY 2) WV j Full name(s)| GRAHAM REEDER Position (eg Chair,Secretary,[etc)] |Chair of Trustees | Cis” Date Z2Q4.4.24
ALLEYN COURT EDUCATIONAL TRUST
AUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023
Company No, 2737124 Registered Charity No. 1017369
Alleyn Court Educational Trust Consolidated Financlal Statements For the Year Ended 31 July 2023
| Page | |
|---|---|
| Auditors report to the members | 2-4 |
| Statement offinancial activities including | |
| income and expenditure account | 5 |
| Consolidated balance sheet | 6 |
| Company balance sheet | 7 |
| Statement of cash flows | 8 |
| Notestothefinancialstatements | 9-17 |
Alleyn Court Educational Trust Auditors Reportto the Members
For the Year Ended 31 July 2023
Opinion
We have audited the consolidated financial statements of Alleyn Court Educational Trust for the year ended 31 July 2023 which comprise the Consolidated Statement of Financial Activities, the Consolidated Balance Sheet, the Company Balance Sheet and the Consolidaied Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 ‘The Financial Reporling Standard Applicable in the UK and Ireland’ (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
-
give a true and fair view of the state of the charitable company's and group's affairs as at 31 July 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended.
-
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
-
have been prepared in accordance with the requirements of the Charities Act 2011,
Basis for opinion
We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAs (UK}) and applicable law. Our responsibilities under those standards are further described in the Auditors responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company and group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilied our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's and group's abilily to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our Report of the Auditors thereon.
Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and - the Report of the Trustees has been prepared in accordance with applicable legal requirements,
Page ?
Auditors Report to the Members
Alleyn Court Educational Trust
For the Year Ended 31 July 2023
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and group and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
-
adequate accounting records have not been kept by the parent charitable company, or returns adequate for our audit have not been received from branches not visited by us; or
-
ine parent charitable company financial statements are not in agreement with the accounting records and returns; or
-
certain disclosures of trustees’ remuneration specified by law are not made; or
-
- we have not received all the information and explanations we require for our audit,
Responsibllities of trustees
As explained more fully in the Statement of Trustees Responsibilities, the trustees (who are also the directors of the cnaritable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company and group's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using fhe going concern basis of accounting unless the trustees either intend to liquidate ine charitable company and group or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibllitles for the audit of the financial statements
Our objectives are jo obtain reasonable assurance about whelher the financial slatemenis as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors 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.
Irregularities, Including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud, The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
The extent to which the audit was considered capable of detecting Irregularities including fraud Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
-
the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
-
we identified the laws and regulations applicable to the Group through discussions with trustees and other management, and from our commercial knowledge and experience of the sector in which the Group operates;
-
we focused on specific taws and regulations which we considered may have a direct material effect on the financial statements or ithe operations of the Group, including the Companies Act 2006, Charities Act and SORP requirements, General Data Protection Regutations (GDPR), Safeguarding, Employment and Health and Safety legislation;
-
we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
Page 3
Alleyn Court Educational Trust
Auditors Report to the Members
For the Year Ended 31 July 2023
- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of ine Group's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
-
making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
-
considering the inlernal controis in place to mitigate risks of fraud and non-compliance with laws and regulations.
-
To address the risk of fraud through management bias and override of controls, we: - performed analytical procedures to identify any unusual or unexpected relationships; - tested journal entries to identify unusual transactions; - assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
-
- investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
-
agreeing financial statement disclosures to underlying supporting documentation;
-
- enquiring of management as to actual and potential litigation and claims; and
-
reviewing correspondence with the Charities Commission and any other relevant regulators as required.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
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 Report of the Independent Auditors.
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. Our audit work has been undertaken so that we might state fo the charitable company’s and group's members those matters which we are required to include in an auditor's report addressed to them. To the fullest extent permitted by law, we do not accept or assume responsibility to any party other than the charitable company and charitable company's members as a body, for our work, for this report, or for the opinions we have formed,
Shahid Hameed FCA FCCA (Senior Statutory Auditor)
for and on behalf of THP Limited Chartered Accountants and Statutory Auditors 34-40 High Street Wanstead London E11 2RJ
Date: 30 April 2024
Page 4
Alleyn Court Educational Trust
| Alleyn Court Educational Trust | Alleyn Court Educational Trust | Alleyn Court Educational Trust | Alleyn Court Educational Trust | Alleyn Court Educational Trust | Alleyn Court Educational Trust | Alleyn Court Educational Trust | ||
|---|---|---|---|---|---|---|---|---|
| Consolidated Statement of | Financial Activities (including Income and Expenditure Account) | |||||||
| Forthe Year Ended 31 | July2023 | |||||||
| Unrestricted | Restricted | Totalfunds | Total funds | |||||
| Note | funds | funds | 2023 | 2022 | ||||
| Income | £ | £ | £ | £ | ||||
| Donations and legacies | 3 | 8,055 | - | 8,055 | 12,405 | |||
| Other trading activities | 4 | 3,324,772 | - | 3,324,772 | 3,309,613 | |||
| Investments | 5 | 2,370 | - | 2,390 | 1,415 | |||
| Other | 10,068 | . | 10,068 | 5,410 | ||||
| Total incoming resources | 3,345,285 | . | 3,345,285 | 3,328,843 | ||||
| Expenditure | ||||||||
| Charitable expenditure | 14,042 | - | 14,042 | 13,523 | ||||
| Other expenditure | é | 3,309,197 | - | 3,309,197 | 3,202,896 | |||
| Total resources expended | 3,323,239 | - | 3,323,239 | 3,216,419 | ||||
| Net income/({expenditure) | 22,046 | - | 22,046 | 112,424 | ||||
| Taxation | 11 | (17,249) | - | (17,249) | (4,327) | |||
| Net movement In funds | 4,797 | - | 4,797 | 108,097 | ||||
| Reconciliation offunds | ||||||||
| Total funds b/fwd as previously | stated | 1,259,941 | - | 1,259,941] | 1,151,844 | |||
| Transfer between funds | - | - | - | - | ||||
| Totalfunds carried forward | 1,264,738 | - | 1,264,738 | 1,259,941 | ||||
| All incoming resources and resources | expended derive from continuing | activities. | ||||||
| The statement of financial activities includes all gains and losses recognised in | the | year. | ||||||
| 2022 Unrestricted and Restricted funds |
2022 | 2022 | 2022 | |||||
| Note | Unrestricted | Restricted | Total funds | |||||
| Income | £ | £ | £ | |||||
| Donations and legacies | 3 | 12,405 | - | 12,405 | ||||
| Other trading activities | 4 | 3,309,613 | - | 3,309,613 | ||||
| Investments | 5 | 1,415 | - | 1,415 | ||||
| Other | 5,410 | - | 5,410 | |||||
| Total incoming resources | 3,328,843 | - | 3,328,843 | |||||
| Expenditure | ||||||||
| Charitableexpenditure | 13523 | - | 13,523 | |||||
| Otherexpenditure | 6 | 3,202,896 | - | 3,202,896 | ||||
| Total resources expended | 3,216,419 | - | 3,216,419 | |||||
| Net income/(expenditure) | 112,424 | - | 112,424 | |||||
| Taxation | 11 | (4,327) | - | (4,327) | ||||
| Net movement in funds | 108,097 | . | 108,097 | |||||
| Reconciliation of funds | ||||||||
| Total funds brought forward | 1,151,844 | - | 1,151,844 | |||||
| Prior year adjustment | - | é | . | |||||
| Totalfundscarriedforward | 1,259,941 | - | 1,259,941 |
Page 5
| Alleyn Court Educational Trust | Alleyn Court Educational Trust | |||
|---|---|---|---|---|
| Consolidated Balance Sheet | ||||
| As at 31 July 2023 | ||||
| Notes | 2023 | 2022 | ||
| £ | £ | |||
| Fixed assets | ||||
| Tangible assets | 13 | 948,362 | 503,382 | |
| 948,362 | 503,382 | |||
| Current assets | ||||
| Debtors | 15 | 154,334 | 370,423 | |
| Investments | 50,000 | 50,000 | ||
| Cash at bank and in hand | 538,506 | 685,376 | ||
| 742,840 | 1,105,799 | |||
| Creditors: amounts falling | ||||
| dve within one year | 1é | 309,905 | 283,032 | |
| Net currentassets | 432,935 | 822,767 | ||
| Total assets less current liabilities | 1,381,297 | 1,326,149 | ||
| Creditors: amounts falling | ||||
| due afterone year | 17 | 44,87] | 11,768 | |
| Provisions for liabllities | 18 | 71,688 | 54,440 | |
| Total net assets | 1,264,738 | 1,259,941 | ||
| Funds | 19 | |||
| Restricted funds | - | - | ||
| Unrestricted general funds | 1,264,738 | 1,259,941 | ||
| 1,264,738 | 1,259,941 |
The notes form part of these accounts.
These financial statements are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by the Board of Trustees on 40 et 2 (300 Own G Reeder Chair of Trustees
2024, and signed on its behalf
Company No. 2737124
Page 6
Alleyn Court Educational Trust
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|||||||||
|---|---|---|---|---|---|---|---|
|Company|Balance|Sheet|
|As|at|31|July|2023|
|Notes|2023|2022|
|£|£|
|Fixed|assets|
|intangible|assets|12|:|
|Investments|14|80,000|80,000‘|
|80,000|80,000|
|Curent|assets|
|Debtors|456,394|365,135|
|Cash at bank and|in hand|329,497|444,313|
|785,89|||809,448|
|Creditors;|amounts|falling|
|due|within one year|7,799|9,890|
|Net current assets|778,092|799,558|
|Total assets|less|current|liabilities|858,092|879,558|
|Total nef assets|858,092|879,558|
|Funds|
|Restricted|funds|-|
|Unrestricted|general|funds|858,092|879,558|
|858,092|879,558|
|Charitable|company's|surplus|(deficit)|for ihe|year|(21,466)|£84,379|
|The|notes|form|part of these|accounts.|
----- End of picture text -----
These financial statements are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by the Board of Trustees on at On 1
2024, and signed on its behalf
Chair of Trustees 2 G Reeder Aidan,
Company No. 2737124
Page 7
Alleyn Court Educational Trust
Consolidated Statement of Cash Flows For the Year Ended 31 July 2023
----- Start of picture text -----
|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|2023|2022|
|£|E|
|Cash|used|In|operating|activities|
|Net movement|in|funds|4,797|108,097|
|Depreciation|charge|53,333|44,687|
|Interest|received|(2,390)|(1,415)|
|Decrease|in|debtors|216,089|(263,915)|
|Increase|in|creditors|77,224|(43,283)|
|Net cash|provided|by|operating|activities|349,054|(155,829)|
|Cash|flows from|investing|activities|
|Interest|Income|2,390|1,415|
|Purchase|of tangible|fixed|assets|{498,314}|{27,649}|
|Cash|used|In|Investing|activities|{495,924}|{26,234}|
|Decrease|In|cash and|cash|equivalents|
|In|the|year|(146,870)|(182,064)|
|Cash|and|cash|equivalents|at the|beginning|of the|year|685,376|867,440|
|Cash|and cash|equivalents|at the|end|of the|year|538,506|685,376|
----- End of picture text -----
Page 8
Notes to the Financlal Statements For the Year Ended 31 July 2023
Alleyn Court Educational Trust
le Accounting policies, judgements and key sources of estimation uncertainty
Company information
Alleyn Court Educational Trust is a private company limited by guarantee domiciled and incorporated in England and Wales. The registered office is 75 Springfield Road, Chelmsford, Essex, CM2 6JB. The company number is 2737124.
Accounting policies
The principal accounting policies adopied, judgements and key sources of estimation of uncertainty in the preparation of ihe financial statements are as follows:
a) Basis of preparation
The consolidated 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 (FRS102) (effective 1 January 2019) - {Charities SORP (FRS102}), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006.
Alleyn 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}.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
b) Basis of consolidation
These financial statements incorporate the audited financial statements of Alleyn Court Educational Trust and its subsidiary undertaking, Alleyn Court (Preparatory) Westcliff Limited, which has the same year end, consolidated on a line by line basis.
The results of the trading subsidiary are included in the Consolidated Statement of Financial Activities. The consolidated balance sheet represents the total assets and liabilities of the group. As permitted by section 408 of the Companies Act 2006, the income and expenditure of the parent charity is not presented as part of these financial statements.
c) Preparation of the accounts on a going concern basis
The charity reported a deficit for the year of £21,466. However the reserves are at a level that can sustain the running costs for a period in excess of 12 months and on that basis the charity is a going concern.
d) Income
Voluntary income including donations, gifts, legacies and grants of a general nature are recognised where there is entitlement, certainty of receip! and the amount can be measured with sufficient reliability. Such income is only deferred when: - the donor specifies that the grant or donation must be used only in future accounting periods: or
- the donor has imposed conditions which must be met before the charity has absolute entitlement.
School fee income from trading activities as a preparatory school is recognised in the same accounting period as the relevant term to which the fees relate.
income from fundraising events run by the charity is recognised in the accounts when received.
Government grants are accounted for on a receivable basis.
Page 9
Alleyn Court Educational Trust
Notes to the Financial Statements For the Year Ended 31 July 2023
e) Donated services and facllities
Donated professional services and donated facilities are recognised as income when the charity has control over them, any conditions associated with the donated item have been met, the receipts of economic benefits from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time of the charity is not recognised.
f) Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
g) Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds comprise of income which the contributor has specified are to be solely used for particular areas of the charity's work or for a specific project being undertaken by the charity.
h) Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
-
Costs of raising funds comprise the costs of fundraising events and their support and promotion costs,
-
Other expenditure represents the costs of running the preparatory school. Irecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
i) Allocation of support costs
Support costs are those functions ihat assist ihe work of the charity but do not directly undertake charitable activities. Support costs include professional fees and governance costs which support the charity. These costs have been included in Other expenditure,
J) Operating leases
The group classifies the short term lease of properties and equipment as operating leases; the title to which remains with the lessor. Rental charges are charged ona straight line basis over the term of the lease.
k) Tangible fixed assets
Individual assets costing £500 or more are capitalised at cost and depreciated over their estimated useful economic lives as follows:
Fixtures, fillings and school equipment - 10% or 20% per annum reducing balance basis; Computer equipment - 20% per annum reducing balance basis; Leasehold land and buildings - equal annual instalments over the lease period.
|) Intangible fixed assets
Goodwill on acquisition of the charity's subsidiary ts shown as an Intangible Fixed Asset. Amortisation has been provided on this at a rate of 20% per annum straight line basis. The Goodwilt has been fully amortised.
Page 10
Notes to the Financlal Statements For the Year Ended 31 July 2023
Alleyn Court Educational Trust
m) Debtors
Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid net of any discounts.
n) Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of six months or less from the date of acquisition or opening of the deposit or similar account.
0) Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer fo a third party and the amount due to seitle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at the setttement amount after allowing for any discounts due.
Pp) Financial instruments
The group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are inilially recognised at transaction value and subsequently measured at their settlement value.
q) Pensions
The group made contributions to the Teachers Pension Scheme up to August 2022, and also to a defined contribution scheme. From September 2022 all employees under the Teachers Pension Scheme transferred to a privately administered defined contribution pension scheme.
r) Financial Reporting Standard 102 - reduced disclosure exemption
The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitled by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
- the requirements of Section 7 Statement of Cash Flows for the company in the group accounts.
Judgements and key sources of estimation uncertainty
Key sources of estimation uncertainty
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.
Useful economic lives of fixed assets
The annual depreciation charge for fixed assets is sensitive to changes in the estimated useful economic lives and residual values of the assets, The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic Utilisation and the physical condition of the assets.
- 2, Legal status of the charity
The company is limited by guarantee. The number of members at the end of the year was 2 (2022: 2). The liability of each member or persons ceasing to be members within one year of the company's winding Up, fowards payment of the company debts and liabilities contracted before cessation of membership, and winding up expenses, is limited to £1.
Page 11
Alleyn Court Educational Trust
Notes to the Financlal Statements
For the Year Ended 31 July 2023
| 3. | Donations and legacies | 2023 | 2022 |
|---|---|---|---|
| Unrestricted | £ | £ | |
| Donations | 8,055 | 12,405 | |
| 8,055 | 12,405 | ||
| Restricted | |||
| Donations | . | . | |
| 4. | Income from othertrading activities | 2023 | 2022 |
| £ | £ | ||
| School fee income | 3,324,772 | 3,309,613 | |
| 3,324,772 | 3,309,613 |
§; Investment income
All of the charity's investment income arises from interest bearing deposit accounts,
6. Other expenditure
| 6. | Other expenditureexpenditure | ||
|---|---|---|---|
| 2023 | 2022 | ||
| £ | £ | ||
| School running costs | 3,292,856 | 3,185,665 | |
| Governance costs | 16,341 | 17,231 | |
| 3,309,197 | 3,202,896 | ||
| re | Staff costs | 2023 | 2022 |
| Total staff costs during the year: | £ | £ | |
| Gross salaries | 1,910,903 | 1,798,052 | |
| Social security | 171,438 | 160,931 | |
| Pension contributions | 179,716 | 240,482 | |
| 2,262,058 | 2,199,465 |
No employee received emoluments of between £60,000 and £70,000 (2022:1). One employee received emoluments of belween £70,000 and £80,000 (2022:0). No employee received emoluments of between £80,000 and £90,000 (2022:1). One employee received emoluments of between £90,000 and £100,000 {2022:0).
Page 12
Notes to the Financlal Statements
Alleyn Court Educational Trust
For the Year Ended 31 July 2023
----- Start of picture text -----
||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|8.|Staff|numbers|2023|2022|
|Total|paid|staff|83|87|
|Working|full|time|47|50|
|4.5|days|per week|0|2|
|4|days|per week|2|5|
|3.5|days|per week|4|3|
|3|days|per week|10|7|
|2.5|days|per week|10|12|
|2|days|per week|4|S|
|1.5|days|per week|0|i}|
|]|day|per week|3|2|
|Full|time|equivalent|67|71|
|The|average|number of staff on a head|count|basis|in|the year was|79|(2022|-|76).|
|Ai|the|year end|date|70|(2022|-|69)|of|the above|employees|participated|in|
|pension|schemes|contributed|to|by|the|employer.|
----- End of picture text -----
9, Trustees remuneration and the cost of key management personnel
The key management personnel of the charity comprise the Head and the Bursar of Alleyn Court School.
The total remuneration of the key management personnel was £202,883 (2022: £189,658),
----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|10.|Net incoming|resources|2023|2022|
|Net incoming|resources|for|the year|are|stated|after charging:|£|£|
|Depreciation|of fixed|assets|53,334|44,686|
|Auditors|remuneration|5,400|5,400|
|Rental|payments|under operating|leases|219,036|219,036|
----- End of picture text -----
Page 13
Alleyn Court Educational Trust
Notes fo the Financlal Statements For the Year Ended 31 July 2023
11. Taxation
'
As a charity, Alleyn Court Educational Trust is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to lis charitable objects.
The subsidiary is not exempt from tax, and provides deferred tax on the timing difference that arises on claiming capital allowances in excess of the depreciation charged on Fixed Assets.
12. Intangible fixed assets
| Intangible fixedfixed assets | ||
|---|---|---|
| Goodwill on | ||
| acquisition | Total | |
| Cost | ||
| At 1 August2022 |
133,726 | 133,726 |
| Additions | c | : |
| Disposals | - | - |
| At31 July 2023 | 133,726 | 133,726 |
| Amonisation | ||
| At 31 July 2022 | 133,726 | 133,726 |
| Charge forthe year | - | - |
| Eliminated on disposal | F | |
| At 31 July 2023 | 133,726 | 133,726 |
| Net bookvalue | ||
| At 31 July2023 | - | . |
| At31July2022 | . | B |
Page 14
Notes to the Financial Statements
Alleyn Court Educational Trust
For the Year Ended 31 July 2023
13. Tangible fixed assets
| Tangible fixed assets | |||||
|---|---|---|---|---|---|
| 2022/23 | |||||
| School | Bullding | School | Fixtures & | ||
| Dining Hall | Works | Equipment | Fittings | Total | |
| Cost | |||||
| At 31 July 2022 | 220,405 | 488,163 | 296,357 | 1,004,925 | |
| Additions | > | 359,898 | 132,072 | 6,343 | 498,313 |
| At 31 July 2023 | 220,405 | 359,898 | 620,235 | 302,701 | 1,503,238 |
| Depreciation | |||||
| At 31 July 2022 | 21,259 | 315,410 | 164,874 | 501,543 | |
| Charge for the year | 4,408 | 29,035 | 19,892 | 53,334 | |
| At 31 July 2023 | 25,667 | 344,445 | 184,766 | 554,877 | |
| Net book value | |||||
| At 31 July 2023 | 194,738 | 359,898 | 275,790 | 117,935 | 948,361 |
| At 31 July 2022 | 199,146 | - | 172,753 | 131,483 | 503,382 |
| Investments - company only | 2023 | 2022 | |||
| £ | £ | ||||
| LoantoAlleynCourt(Preparatory)Westcliff | Limited | 80,000 | 80,000 |
14, Investments - company only
The loan is interest free, unsecured, and with no set date for repayment.
Alleyn Court Educational Trust has a wholly owned trading subsidiary "Alleyn Court (Preparatory) Westcliff Limited" (company registration number 00513045) which is incorporated in the UK. This is a co-educational day preparatory school for children up to age 1}.
| 15. | Debtors - group | 2023 | 2022 |
|---|---|---|---|
| £ | £ | ||
| Trade debtors | 23,874 | 39,683 | |
| Prepayments | 123,074 | 329,300 | |
| Otherdebtors | 7,386 | 1,440 | |
| 154,334 | 370,423 | ||
| 16, | Creditors: amounts falling due | ||
| within one year - group | 2023 | 2022 | |
| £ | £ | ||
| Trade creditors | 54,425 | 17,204 | |
| Othercreditors | 201,753 | 203,023 | |
| Accruals and deferred income | 17,800 | 18,100 | |
| Taxation and social security | 35,927 | 44,705 | |
| 309,905 | 283,032 | ||
| 17, | Creditors: amounts falling due | ||
| afterone year - group | 2023 | 2022 | |
| £ | £ | ||
| Accruals and deferred income | 44,87) | 11,768 | |
| Taxation and social security | . | - | |
| 44,871 | 11,768 | ||
| Page15 |
Alleyn Court Educational Trust
| Alleyn Court Educational Trust | Alleyn Court Educational Trust | Alleyn Court Educational Trust | Alleyn Court Educational Trust | |||||
|---|---|---|---|---|---|---|---|---|
| Notes to the Financial Statements | ||||||||
| For the Year | Ended 31 July2023 | |||||||
| 18. | Provisions for tiabllities - group | |||||||
| 2023 | 2022 | |||||||
| £ | £ | |||||||
| Deferred tax on capital allowances claimed | ||||||||
| in excess of deprecation charged | 71,688 | 54,440 | ||||||
| 71,688 | 54,440 | |||||||
| Financial instruments - group | 2023 | 2022 | ||||||
| £ | £ | |||||||
| Carrying amount offinanclal | assets | |||||||
| Debt instruments measured at | amortised cost | 23,874 | 39,683 | |||||
| Carrying amount of financial | liabilities | |||||||
| Measured at amortised cost | 54,425 | 17,204 | ||||||
| 19, | Analysis ofcharitablefunds - | group | Unrestricted | Restricted | Total | |||
| At the beginning of the year | 1,259,941 | - | 1,259,94] | |||||
| Surplus for the year | 4,797 | - | 4,797 | |||||
| 1,264,738 | - | 1,264,738 | ||||||
| Incoming | Resources | |||||||
| Unrestricted funds 01-Aug-22 |
Transfer | resources | expended | 31-Jul-23 | ||||
| £ | £ | £ | £ | |||||
| General fund | 1,259,941 | - | 3,345,285 | (3,340,488) | 1,264,738 | |||
| 1,259,941 | - | 3,345,285 | (3,340,488) | 1,264,738 | ||||
| Incoming | Resources | |||||||
| Restricted funds 01-Aug-22 |
Transfer | resources | expended | 31-Jul-23 | ||||
| £ | £ | £ | £ | £ |
18. Provisions for tiabllities - group
Purpose of restricted funds There were no restricted funds held at 31/07/2023,
Page 16
Alleyn Court Educational Trust
Notes to the Financlal Statements For the Year Ended 31 July 2023
| 20. | Analysls of netassets between funds - group | General | General | Restricted | 2023 |
|---|---|---|---|---|---|
| fund | funds | Total | |||
| Fixed assets | 948,362 | 948,342 | |||
| Current assets | 742,840 | : | 742,840 | ||
| Tolal liabilities | {426,464} | . | (426,464) | ||
| Net assets | 1,264,738 | 1,264,738 | |||
| General | Restricted | 2022 | |||
| fund | funds | Total | |||
| Fixed assets | 503,382 | - | 503,382 | ||
| Current assets | 1,105,799 | - | \105,799 | ||
| Total liabilities | (349,240) | - | (349,240) | ||
| Net assets | 1,259,941 | 1,259,941 | |||
| 21: | Operating lease commitments - group | ||||
| At the yearend date the charity had the following lease commitments: | |||||
| 2023 | 2022 | ||||
| Falling due: | £ | £ | |||
| Within one year | 218,535 | 218,535 | |||
| Between one and five years | 874,139 | 874,139 | |||
| After five years | 7,648,509 | 7,867,044 | |||
| £8,741,184 | £8,959,718 | ||||
| The above operating lease commitments relate to school buildings. | |||||
| 22. | Capital commitments -group | 2023 | 2022 | ||
| £ | £ | ||||
| Contracted but not provided for in the financial statements | 225,033 | - | |||
| The above commitments relate to building development | work thatwas | undertaken | |||
| aftertheyear end. | |||||
| 23. | TransactionswithTrustees and Related parties | ||||
| 2023 | 2022 | ||||
| £ | £ | ||||
| Pension paid by Alleyn Court (Preparatory) Westcliff Limited | (School): | ||||
| JWT Wilcox {Trustee} |
24,058 | 22,011 | |||
| Rent paid by Alleyn Court (Preparatory) Westcliff Limited (School): | |||||
| W DA Wilcoxand N Gonzales Wilcox (Trustees) | 46,035 | 46,035 | |||
| Wilcox Property LLP | 172,500 | 172,500 | |||
| AccountancyfeespaidtoNSOAssociatesLLP | 24,945 | - |
One member of the Wilcox Property LLP is a Trustee of the Charity. One member of NSO Associates LLP was appinted as a Trustee during the year ended 31 July 2023,
24. Ultimate controlling party
There is no ultimate controlling party.
Page 17
ALLEYN COURT EDUCATIONAL TRUST
AUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023
Company No, 2737124 Registered Charity No. 1017369
Alleyn Court Educational Trust Consolidated Financlal Statements For the Year Ended 31 July 2023
| Page | |
|---|---|
| Auditors report to the members | 2-4 |
| Statement offinancial activities including | |
| income and expenditure account | 5 |
| Consolidated balance sheet | 6 |
| Company balance sheet | 7 |
| Statement of cash flows | 8 |
| Notestothefinancialstatements | 9-17 |
Alleyn Court Educational Trust Auditors Reportto the Members
For the Year Ended 31 July 2023
Opinion
We have audited the consolidated financial statements of Alleyn Court Educational Trust for the year ended 31 July 2023 which comprise the Consolidated Statement of Financial Activities, the Consolidated Balance Sheet, the Company Balance Sheet and the Consolidaied Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 ‘The Financial Reporling Standard Applicable in the UK and Ireland’ (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
-
give a true and fair view of the state of the charitable company's and group's affairs as at 31 July 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended.
-
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
-
have been prepared in accordance with the requirements of the Charities Act 2011,
Basis for opinion
We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAs (UK}) and applicable law. Our responsibilities under those standards are further described in the Auditors responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company and group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilied our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's and group's abilily to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our Report of the Auditors thereon.
Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and - the Report of the Trustees has been prepared in accordance with applicable legal requirements,
Page ?
Auditors Report to the Members
Alleyn Court Educational Trust
For the Year Ended 31 July 2023
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and group and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
-
adequate accounting records have not been kept by the parent charitable company, or returns adequate for our audit have not been received from branches not visited by us; or
-
ine parent charitable company financial statements are not in agreement with the accounting records and returns; or
-
certain disclosures of trustees’ remuneration specified by law are not made; or
-
- we have not received all the information and explanations we require for our audit,
Responsibllities of trustees
As explained more fully in the Statement of Trustees Responsibilities, the trustees (who are also the directors of the cnaritable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company and group's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using fhe going concern basis of accounting unless the trustees either intend to liquidate ine charitable company and group or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibllitles for the audit of the financial statements
Our objectives are jo obtain reasonable assurance about whelher the financial slatemenis as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors 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.
Irregularities, Including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud, The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
The extent to which the audit was considered capable of detecting Irregularities including fraud Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
-
the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
-
we identified the laws and regulations applicable to the Group through discussions with trustees and other management, and from our commercial knowledge and experience of the sector in which the Group operates;
-
we focused on specific taws and regulations which we considered may have a direct material effect on the financial statements or ithe operations of the Group, including the Companies Act 2006, Charities Act and SORP requirements, General Data Protection Regutations (GDPR), Safeguarding, Employment and Health and Safety legislation;
-
we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
Page 3
Alleyn Court Educational Trust
Auditors Report to the Members
For the Year Ended 31 July 2023
- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of ine Group's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
-
making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
-
considering the inlernal controis in place to mitigate risks of fraud and non-compliance with laws and regulations.
-
To address the risk of fraud through management bias and override of controls, we: - performed analytical procedures to identify any unusual or unexpected relationships; - tested journal entries to identify unusual transactions; - assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
-
- investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
-
agreeing financial statement disclosures to underlying supporting documentation;
-
- enquiring of management as to actual and potential litigation and claims; and
-
reviewing correspondence with the Charities Commission and any other relevant regulators as required.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
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 Report of the Independent Auditors.
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. Our audit work has been undertaken so that we might state fo the charitable company’s and group's members those matters which we are required to include in an auditor's report addressed to them. To the fullest extent permitted by law, we do not accept or assume responsibility to any party other than the charitable company and charitable company's members as a body, for our work, for this report, or for the opinions we have formed,
Shahid Hameed FCA FCCA (Senior Statutory Auditor)
for and on behalf of THP Limited Chartered Accountants and Statutory Auditors 34-40 High Street Wanstead London E11 2RJ
Date: 30 April 2024
Page 4
Alleyn Court Educational Trust
| Alleyn Court Educational Trust | Alleyn Court Educational Trust | Alleyn Court Educational Trust | Alleyn Court Educational Trust | Alleyn Court Educational Trust | Alleyn Court Educational Trust | Alleyn Court Educational Trust | ||
|---|---|---|---|---|---|---|---|---|
| Consolidated Statement of | Financial Activities (including Income and Expenditure Account) | |||||||
| Forthe Year Ended 31 | July2023 | |||||||
| Unrestricted | Restricted | Totalfunds | Total funds | |||||
| Note | funds | funds | 2023 | 2022 | ||||
| Income | £ | £ | £ | £ | ||||
| Donations and legacies | 3 | 8,055 | - | 8,055 | 12,405 | |||
| Other trading activities | 4 | 3,324,772 | - | 3,324,772 | 3,309,613 | |||
| Investments | 5 | 2,370 | - | 2,390 | 1,415 | |||
| Other | 10,068 | . | 10,068 | 5,410 | ||||
| Total incoming resources | 3,345,285 | . | 3,345,285 | 3,328,843 | ||||
| Expenditure | ||||||||
| Charitable expenditure | 14,042 | - | 14,042 | 13,523 | ||||
| Other expenditure | é | 3,309,197 | - | 3,309,197 | 3,202,896 | |||
| Total resources expended | 3,323,239 | - | 3,323,239 | 3,216,419 | ||||
| Net income/({expenditure) | 22,046 | - | 22,046 | 112,424 | ||||
| Taxation | 11 | (17,249) | - | (17,249) | (4,327) | |||
| Net movement In funds | 4,797 | - | 4,797 | 108,097 | ||||
| Reconciliation offunds | ||||||||
| Total funds b/fwd as previously | stated | 1,259,941 | - | 1,259,941] | 1,151,844 | |||
| Transfer between funds | - | - | - | - | ||||
| Totalfunds carried forward | 1,264,738 | - | 1,264,738 | 1,259,941 | ||||
| All incoming resources and resources | expended derive from continuing | activities. | ||||||
| The statement of financial activities includes all gains and losses recognised in | the | year. | ||||||
| 2022 Unrestricted and Restricted funds |
2022 | 2022 | 2022 | |||||
| Note | Unrestricted | Restricted | Total funds | |||||
| Income | £ | £ | £ | |||||
| Donations and legacies | 3 | 12,405 | - | 12,405 | ||||
| Other trading activities | 4 | 3,309,613 | - | 3,309,613 | ||||
| Investments | 5 | 1,415 | - | 1,415 | ||||
| Other | 5,410 | - | 5,410 | |||||
| Total incoming resources | 3,328,843 | - | 3,328,843 | |||||
| Expenditure | ||||||||
| Charitableexpenditure | 13523 | - | 13,523 | |||||
| Otherexpenditure | 6 | 3,202,896 | - | 3,202,896 | ||||
| Total resources expended | 3,216,419 | - | 3,216,419 | |||||
| Net income/(expenditure) | 112,424 | - | 112,424 | |||||
| Taxation | 11 | (4,327) | - | (4,327) | ||||
| Net movement in funds | 108,097 | . | 108,097 | |||||
| Reconciliation of funds | ||||||||
| Total funds brought forward | 1,151,844 | - | 1,151,844 | |||||
| Prior year adjustment | - | é | . | |||||
| Totalfundscarriedforward | 1,259,941 | - | 1,259,941 |
Page 5
| Alleyn Court Educational Trust | Alleyn Court Educational Trust | |||
|---|---|---|---|---|
| Consolidated Balance Sheet | ||||
| As at 31 July 2023 | ||||
| Notes | 2023 | 2022 | ||
| £ | £ | |||
| Fixed assets | ||||
| Tangible assets | 13 | 948,362 | 503,382 | |
| 948,362 | 503,382 | |||
| Current assets | ||||
| Debtors | 15 | 154,334 | 370,423 | |
| Investments | 50,000 | 50,000 | ||
| Cash at bank and in hand | 538,506 | 685,376 | ||
| 742,840 | 1,105,799 | |||
| Creditors: amounts falling | ||||
| dve within one year | 1é | 309,905 | 283,032 | |
| Net currentassets | 432,935 | 822,767 | ||
| Total assets less current liabilities | 1,381,297 | 1,326,149 | ||
| Creditors: amounts falling | ||||
| due afterone year | 17 | 44,87] | 11,768 | |
| Provisions for liabllities | 18 | 71,688 | 54,440 | |
| Total net assets | 1,264,738 | 1,259,941 | ||
| Funds | 19 | |||
| Restricted funds | - | - | ||
| Unrestricted general funds | 1,264,738 | 1,259,941 | ||
| 1,264,738 | 1,259,941 |
The notes form part of these accounts.
These financial statements are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by the Board of Trustees on 40 et 2 (300 Own G Reeder Chair of Trustees
2024, and signed on its behalf
Company No. 2737124
Page 6
Alleyn Court Educational Trust
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|Company|Balance|Sheet|
|As|at|31|July|2023|
|Notes|2023|2022|
|£|£|
|Fixed|assets|
|intangible|assets|12|:|
|Investments|14|80,000|80,000‘|
|80,000|80,000|
|Curent|assets|
|Debtors|456,394|365,135|
|Cash at bank and|in hand|329,497|444,313|
|785,89|||809,448|
|Creditors;|amounts|falling|
|due|within one year|7,799|9,890|
|Net current assets|778,092|799,558|
|Total assets|less|current|liabilities|858,092|879,558|
|Total nef assets|858,092|879,558|
|Funds|
|Restricted|funds|-|
|Unrestricted|general|funds|858,092|879,558|
|858,092|879,558|
|Charitable|company's|surplus|(deficit)|for ihe|year|(21,466)|£84,379|
|The|notes|form|part of these|accounts.|
----- End of picture text -----
These financial statements are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by the Board of Trustees on at On 1
2024, and signed on its behalf
Chair of Trustees 2 G Reeder Aidan,
Company No. 2737124
Page 7
Alleyn Court Educational Trust
Consolidated Statement of Cash Flows For the Year Ended 31 July 2023
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|2023|2022|
|£|E|
|Cash|used|In|operating|activities|
|Net movement|in|funds|4,797|108,097|
|Depreciation|charge|53,333|44,687|
|Interest|received|(2,390)|(1,415)|
|Decrease|in|debtors|216,089|(263,915)|
|Increase|in|creditors|77,224|(43,283)|
|Net cash|provided|by|operating|activities|349,054|(155,829)|
|Cash|flows from|investing|activities|
|Interest|Income|2,390|1,415|
|Purchase|of tangible|fixed|assets|{498,314}|{27,649}|
|Cash|used|In|Investing|activities|{495,924}|{26,234}|
|Decrease|In|cash and|cash|equivalents|
|In|the|year|(146,870)|(182,064)|
|Cash|and|cash|equivalents|at the|beginning|of the|year|685,376|867,440|
|Cash|and cash|equivalents|at the|end|of the|year|538,506|685,376|
----- End of picture text -----
Page 8
Notes to the Financlal Statements For the Year Ended 31 July 2023
Alleyn Court Educational Trust
le Accounting policies, judgements and key sources of estimation uncertainty
Company information
Alleyn Court Educational Trust is a private company limited by guarantee domiciled and incorporated in England and Wales. The registered office is 75 Springfield Road, Chelmsford, Essex, CM2 6JB. The company number is 2737124.
Accounting policies
The principal accounting policies adopied, judgements and key sources of estimation of uncertainty in the preparation of ihe financial statements are as follows:
a) Basis of preparation
The consolidated 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 (FRS102) (effective 1 January 2019) - {Charities SORP (FRS102}), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006.
Alleyn 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}.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
b) Basis of consolidation
These financial statements incorporate the audited financial statements of Alleyn Court Educational Trust and its subsidiary undertaking, Alleyn Court (Preparatory) Westcliff Limited, which has the same year end, consolidated on a line by line basis.
The results of the trading subsidiary are included in the Consolidated Statement of Financial Activities. The consolidated balance sheet represents the total assets and liabilities of the group. As permitted by section 408 of the Companies Act 2006, the income and expenditure of the parent charity is not presented as part of these financial statements.
c) Preparation of the accounts on a going concern basis
The charity reported a deficit for the year of £21,466. However the reserves are at a level that can sustain the running costs for a period in excess of 12 months and on that basis the charity is a going concern.
d) Income
Voluntary income including donations, gifts, legacies and grants of a general nature are recognised where there is entitlement, certainty of receip! and the amount can be measured with sufficient reliability. Such income is only deferred when: - the donor specifies that the grant or donation must be used only in future accounting periods: or
- the donor has imposed conditions which must be met before the charity has absolute entitlement.
School fee income from trading activities as a preparatory school is recognised in the same accounting period as the relevant term to which the fees relate.
income from fundraising events run by the charity is recognised in the accounts when received.
Government grants are accounted for on a receivable basis.
Page 9
Alleyn Court Educational Trust
Notes to the Financial Statements For the Year Ended 31 July 2023
e) Donated services and facllities
Donated professional services and donated facilities are recognised as income when the charity has control over them, any conditions associated with the donated item have been met, the receipts of economic benefits from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time of the charity is not recognised.
f) Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
g) Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds comprise of income which the contributor has specified are to be solely used for particular areas of the charity's work or for a specific project being undertaken by the charity.
h) Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
-
Costs of raising funds comprise the costs of fundraising events and their support and promotion costs,
-
Other expenditure represents the costs of running the preparatory school. Irecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
i) Allocation of support costs
Support costs are those functions ihat assist ihe work of the charity but do not directly undertake charitable activities. Support costs include professional fees and governance costs which support the charity. These costs have been included in Other expenditure,
J) Operating leases
The group classifies the short term lease of properties and equipment as operating leases; the title to which remains with the lessor. Rental charges are charged ona straight line basis over the term of the lease.
k) Tangible fixed assets
Individual assets costing £500 or more are capitalised at cost and depreciated over their estimated useful economic lives as follows:
Fixtures, fillings and school equipment - 10% or 20% per annum reducing balance basis; Computer equipment - 20% per annum reducing balance basis; Leasehold land and buildings - equal annual instalments over the lease period.
|) Intangible fixed assets
Goodwill on acquisition of the charity's subsidiary ts shown as an Intangible Fixed Asset. Amortisation has been provided on this at a rate of 20% per annum straight line basis. The Goodwilt has been fully amortised.
Page 10
Notes to the Financlal Statements For the Year Ended 31 July 2023
Alleyn Court Educational Trust
m) Debtors
Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid net of any discounts.
n) Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of six months or less from the date of acquisition or opening of the deposit or similar account.
0) Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer fo a third party and the amount due to seitle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at the setttement amount after allowing for any discounts due.
Pp) Financial instruments
The group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are inilially recognised at transaction value and subsequently measured at their settlement value.
q) Pensions
The group made contributions to the Teachers Pension Scheme up to August 2022, and also to a defined contribution scheme. From September 2022 all employees under the Teachers Pension Scheme transferred to a privately administered defined contribution pension scheme.
r) Financial Reporting Standard 102 - reduced disclosure exemption
The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitled by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
- the requirements of Section 7 Statement of Cash Flows for the company in the group accounts.
Judgements and key sources of estimation uncertainty
Key sources of estimation uncertainty
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.
Useful economic lives of fixed assets
The annual depreciation charge for fixed assets is sensitive to changes in the estimated useful economic lives and residual values of the assets, The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic Utilisation and the physical condition of the assets.
- 2, Legal status of the charity
The company is limited by guarantee. The number of members at the end of the year was 2 (2022: 2). The liability of each member or persons ceasing to be members within one year of the company's winding Up, fowards payment of the company debts and liabilities contracted before cessation of membership, and winding up expenses, is limited to £1.
Page 11
Alleyn Court Educational Trust
Notes to the Financlal Statements
For the Year Ended 31 July 2023
| 3. | Donations and legacies | 2023 | 2022 |
|---|---|---|---|
| Unrestricted | £ | £ | |
| Donations | 8,055 | 12,405 | |
| 8,055 | 12,405 | ||
| Restricted | |||
| Donations | . | . | |
| 4. | Income from othertrading activities | 2023 | 2022 |
| £ | £ | ||
| School fee income | 3,324,772 | 3,309,613 | |
| 3,324,772 | 3,309,613 |
§; Investment income
All of the charity's investment income arises from interest bearing deposit accounts,
6. Other expenditure
| 6. | Other expenditureexpenditure | ||
|---|---|---|---|
| 2023 | 2022 | ||
| £ | £ | ||
| School running costs | 3,292,856 | 3,185,665 | |
| Governance costs | 16,341 | 17,231 | |
| 3,309,197 | 3,202,896 | ||
| re | Staff costs | 2023 | 2022 |
| Total staff costs during the year: | £ | £ | |
| Gross salaries | 1,910,903 | 1,798,052 | |
| Social security | 171,438 | 160,931 | |
| Pension contributions | 179,716 | 240,482 | |
| 2,262,058 | 2,199,465 |
No employee received emoluments of between £60,000 and £70,000 (2022:1). One employee received emoluments of belween £70,000 and £80,000 (2022:0). No employee received emoluments of between £80,000 and £90,000 (2022:1). One employee received emoluments of between £90,000 and £100,000 {2022:0).
Page 12
Notes to the Financlal Statements
Alleyn Court Educational Trust
For the Year Ended 31 July 2023
----- Start of picture text -----
||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|8.|Staff|numbers|2023|2022|
|Total|paid|staff|83|87|
|Working|full|time|47|50|
|4.5|days|per week|0|2|
|4|days|per week|2|5|
|3.5|days|per week|4|3|
|3|days|per week|10|7|
|2.5|days|per week|10|12|
|2|days|per week|4|S|
|1.5|days|per week|0|i}|
|]|day|per week|3|2|
|Full|time|equivalent|67|71|
|The|average|number of staff on a head|count|basis|in|the year was|79|(2022|-|76).|
|Ai|the|year end|date|70|(2022|-|69)|of|the above|employees|participated|in|
|pension|schemes|contributed|to|by|the|employer.|
----- End of picture text -----
9, Trustees remuneration and the cost of key management personnel
The key management personnel of the charity comprise the Head and the Bursar of Alleyn Court School.
The total remuneration of the key management personnel was £202,883 (2022: £189,658),
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||||||||||
|---|---|---|---|---|---|---|---|---|
|10.|Net incoming|resources|2023|2022|
|Net incoming|resources|for|the year|are|stated|after charging:|£|£|
|Depreciation|of fixed|assets|53,334|44,686|
|Auditors|remuneration|5,400|5,400|
|Rental|payments|under operating|leases|219,036|219,036|
----- End of picture text -----
Page 13
Alleyn Court Educational Trust
Notes fo the Financlal Statements For the Year Ended 31 July 2023
11. Taxation
'
As a charity, Alleyn Court Educational Trust is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to lis charitable objects.
The subsidiary is not exempt from tax, and provides deferred tax on the timing difference that arises on claiming capital allowances in excess of the depreciation charged on Fixed Assets.
12. Intangible fixed assets
| Intangible fixedfixed assets | ||
|---|---|---|
| Goodwill on | ||
| acquisition | Total | |
| Cost | ||
| At 1 August2022 |
133,726 | 133,726 |
| Additions | c | : |
| Disposals | - | - |
| At31 July 2023 | 133,726 | 133,726 |
| Amonisation | ||
| At 31 July 2022 | 133,726 | 133,726 |
| Charge forthe year | - | - |
| Eliminated on disposal | F | |
| At 31 July 2023 | 133,726 | 133,726 |
| Net bookvalue | ||
| At 31 July2023 | - | . |
| At31July2022 | . | B |
Page 14
Notes to the Financial Statements
Alleyn Court Educational Trust
For the Year Ended 31 July 2023
13. Tangible fixed assets
| Tangible fixed assets | |||||
|---|---|---|---|---|---|
| 2022/23 | |||||
| School | Bullding | School | Fixtures & | ||
| Dining Hall | Works | Equipment | Fittings | Total | |
| Cost | |||||
| At 31 July 2022 | 220,405 | 488,163 | 296,357 | 1,004,925 | |
| Additions | > | 359,898 | 132,072 | 6,343 | 498,313 |
| At 31 July 2023 | 220,405 | 359,898 | 620,235 | 302,701 | 1,503,238 |
| Depreciation | |||||
| At 31 July 2022 | 21,259 | 315,410 | 164,874 | 501,543 | |
| Charge for the year | 4,408 | 29,035 | 19,892 | 53,334 | |
| At 31 July 2023 | 25,667 | 344,445 | 184,766 | 554,877 | |
| Net book value | |||||
| At 31 July 2023 | 194,738 | 359,898 | 275,790 | 117,935 | 948,361 |
| At 31 July 2022 | 199,146 | - | 172,753 | 131,483 | 503,382 |
| Investments - company only | 2023 | 2022 | |||
| £ | £ | ||||
| LoantoAlleynCourt(Preparatory)Westcliff | Limited | 80,000 | 80,000 |
14, Investments - company only
The loan is interest free, unsecured, and with no set date for repayment.
Alleyn Court Educational Trust has a wholly owned trading subsidiary "Alleyn Court (Preparatory) Westcliff Limited" (company registration number 00513045) which is incorporated in the UK. This is a co-educational day preparatory school for children up to age 1}.
| 15. | Debtors - group | 2023 | 2022 |
|---|---|---|---|
| £ | £ | ||
| Trade debtors | 23,874 | 39,683 | |
| Prepayments | 123,074 | 329,300 | |
| Otherdebtors | 7,386 | 1,440 | |
| 154,334 | 370,423 | ||
| 16, | Creditors: amounts falling due | ||
| within one year - group | 2023 | 2022 | |
| £ | £ | ||
| Trade creditors | 54,425 | 17,204 | |
| Othercreditors | 201,753 | 203,023 | |
| Accruals and deferred income | 17,800 | 18,100 | |
| Taxation and social security | 35,927 | 44,705 | |
| 309,905 | 283,032 | ||
| 17, | Creditors: amounts falling due | ||
| afterone year - group | 2023 | 2022 | |
| £ | £ | ||
| Accruals and deferred income | 44,87) | 11,768 | |
| Taxation and social security | . | - | |
| 44,871 | 11,768 | ||
| Page15 |
Alleyn Court Educational Trust
| Alleyn Court Educational Trust | Alleyn Court Educational Trust | Alleyn Court Educational Trust | Alleyn Court Educational Trust | |||||
|---|---|---|---|---|---|---|---|---|
| Notes to the Financial Statements | ||||||||
| For the Year | Ended 31 July2023 | |||||||
| 18. | Provisions for tiabllities - group | |||||||
| 2023 | 2022 | |||||||
| £ | £ | |||||||
| Deferred tax on capital allowances claimed | ||||||||
| in excess of deprecation charged | 71,688 | 54,440 | ||||||
| 71,688 | 54,440 | |||||||
| Financial instruments - group | 2023 | 2022 | ||||||
| £ | £ | |||||||
| Carrying amount offinanclal | assets | |||||||
| Debt instruments measured at | amortised cost | 23,874 | 39,683 | |||||
| Carrying amount of financial | liabilities | |||||||
| Measured at amortised cost | 54,425 | 17,204 | ||||||
| 19, | Analysis ofcharitablefunds - | group | Unrestricted | Restricted | Total | |||
| At the beginning of the year | 1,259,941 | - | 1,259,94] | |||||
| Surplus for the year | 4,797 | - | 4,797 | |||||
| 1,264,738 | - | 1,264,738 | ||||||
| Incoming | Resources | |||||||
| Unrestricted funds 01-Aug-22 |
Transfer | resources | expended | 31-Jul-23 | ||||
| £ | £ | £ | £ | |||||
| General fund | 1,259,941 | - | 3,345,285 | (3,340,488) | 1,264,738 | |||
| 1,259,941 | - | 3,345,285 | (3,340,488) | 1,264,738 | ||||
| Incoming | Resources | |||||||
| Restricted funds 01-Aug-22 |
Transfer | resources | expended | 31-Jul-23 | ||||
| £ | £ | £ | £ | £ |
18. Provisions for tiabllities - group
Purpose of restricted funds There were no restricted funds held at 31/07/2023,
Page 16
Alleyn Court Educational Trust
Notes to the Financlal Statements For the Year Ended 31 July 2023
| 20. | Analysls of netassets between funds - group | General | General | Restricted | 2023 |
|---|---|---|---|---|---|
| fund | funds | Total | |||
| Fixed assets | 948,362 | 948,342 | |||
| Current assets | 742,840 | : | 742,840 | ||
| Tolal liabilities | {426,464} | . | (426,464) | ||
| Net assets | 1,264,738 | 1,264,738 | |||
| General | Restricted | 2022 | |||
| fund | funds | Total | |||
| Fixed assets | 503,382 | - | 503,382 | ||
| Current assets | 1,105,799 | - | \105,799 | ||
| Total liabilities | (349,240) | - | (349,240) | ||
| Net assets | 1,259,941 | 1,259,941 | |||
| 21: | Operating lease commitments - group | ||||
| At the yearend date the charity had the following lease commitments: | |||||
| 2023 | 2022 | ||||
| Falling due: | £ | £ | |||
| Within one year | 218,535 | 218,535 | |||
| Between one and five years | 874,139 | 874,139 | |||
| After five years | 7,648,509 | 7,867,044 | |||
| £8,741,184 | £8,959,718 | ||||
| The above operating lease commitments relate to school buildings. | |||||
| 22. | Capital commitments -group | 2023 | 2022 | ||
| £ | £ | ||||
| Contracted but not provided for in the financial statements | 225,033 | - | |||
| The above commitments relate to building development | work thatwas | undertaken | |||
| aftertheyear end. | |||||
| 23. | TransactionswithTrustees and Related parties | ||||
| 2023 | 2022 | ||||
| £ | £ | ||||
| Pension paid by Alleyn Court (Preparatory) Westcliff Limited | (School): | ||||
| JWT Wilcox {Trustee} |
24,058 | 22,011 | |||
| Rent paid by Alleyn Court (Preparatory) Westcliff Limited (School): | |||||
| W DA Wilcoxand N Gonzales Wilcox (Trustees) | 46,035 | 46,035 | |||
| Wilcox Property LLP | 172,500 | 172,500 | |||
| AccountancyfeespaidtoNSOAssociatesLLP | 24,945 | - |
One member of the Wilcox Property LLP is a Trustee of the Charity. One member of NSO Associates LLP was appinted as a Trustee during the year ended 31 July 2023,
24. Ultimate controlling party
There is no ultimate controlling party.
Page 17