CHARITY COMMISSION FOR ENGLAND AND WALES Trustees. annual report (including Directors. report) for the period From: 01 August 2023 To: 31 July 2024 Charity name: ALLEYN COURT EDUCATIONAL TRUST Charity registration number: 1017369 Company number: 02737124 Objectives and activities SORP reference Para 1.17 Summary of the purposes of the charity as set out in its goveming document To promote and provide for the advanrnent 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 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 allowin access to education. Provision of education to all Alleyn Court School pupils, and the distribution of means tested bursaries to allow those without sufficient means to benefit from that 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. Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit Para 1.17and 1.19 Para 1.18 The trustees have had to regard to public benefit by allowing extemal community bodies to use the school grounds and by providing a generous scholarship scheme. Additional information (optional) You ma choose to include further statements where relevant about: SORP reference Grants and Bursaries to individual pupils are means tested and are assessed by an independent assessor. Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38
Parents volunteer to assist the school in a number of ways. During the year the Parents Association provided further equipment for the children's Play Area. Contribution made by volunteers Para 1.38 Other Achievements and performance School pupils at all levels have continued to do well in musical and sporting events, and the 11 plus results indicate the academic success achieved by pupils from all backgrounds. 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 Additional Information (optional) You ma choose to include further statements where relevant about: In September 2023, the School consolidated all classes on to one site. This required additional classrooms and other facilities to be built. which was achieved with minimal disruption to the provision of education. Achievements against objectives set Para 1.41 Performan of fundraising activities against objectives set Para 1.41 Investment performance against objectives Para 1.41 other
Financial review Review of the charity's financial position at the end of the eriod Statement explaining the policy for holding reserves stating why they are held Para 121 At 31 July 2024: consolidated net assets £1,224,273 (2023 - £1,264,738)" cash at bank £997,581 2023 - £538,506 . We hold reserves to provide facilities and capital for the school. Para 1.22 Amount of reserves held Para 1.22 At 31 July 2024: £1,224,273 (2023 - £1.264,738 . NIA Reasons for holding zero reserves Details of fund materially in deficit Para 122 Para 124 NIA Explanation of any uncertainties about the charity continuing as a going concem Para 1.23 The Trustees continually review the future financial position of the charity and school. They consider that the Reserves are sufficient to enable the school to continue providing high quality teaching for the foreseeable future, and to maintain the School premises to the level expected by current and ros ective ils and arents. Addltional inforniation (optlonal} You ma choose to include further statements where relevant about: The charity's principal SoUrS of funds (including any fundraising) Para 1.47 Investment policy and objectives including any social investment policy adopted Para 1.46 The largest single expense remains the payroll and related costs. Close attention is given at trustee meetings to the pupil numbers and the forecast fees in order to ensure that we remain solvent. Para 1.46 A description of the principal risks facing the charity Other Structure, governance and management Description of charity's trusts: Type of goveming document: for example, trust deed, memorandum 2nd articles of association etc How is the charity constituted? for example limited company, unincorporated association, cio Para 1.25 Memorandum & Articles of Association Para 1.25 Charttable company
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 All Trustees are elected to their posts by the Trustee body as a whole. Additional Information (optional) You ma choose to include further statements where relevant about: New trustees receive training organised by the school and in consultation with existing members of the trustee body. All Trustees receive regular training and updates on safeguarding. All Trustees are required to provide a DBS report and certificate on joining the Board of Trustees. The Tnjst owns the entire issued share capital of Alleyn Court (Preparatory) Westcliff Limited. The Charity Trustees are the de facto Governors of Alleyn Court School. Policies and procedures adopted for the induction and training of trustees Para 1.51 Para 1.51 The charity's organisational structure and any wider network with which the charity works Relationship with any related parties Para 1.51 Other
Reference and administrative details Chari name Other name the chari uses Re istered chari number Charity's principal address Alle n Court Educational Trust 1017369 Alleyn Court School Wakering Road Southend-on-sea Essex SS3 OPW Names of the charity trustees who manage the charity Trustee name Officè (rf any) Dates acted rf not for whole ear Chair Name of person lor body) entitled toa oint truslee ifan Graham Reeder Elaine Oddie Richard Green Sarah Drummond George Wilcox John Wilcox Emily Fraser Mark Albon Resigned 30104124 Resigned January 2024 Resigned January 2024 Cor orate trustees - names of the directors at the date the re Director name NONE ortwasa roved Name of trustees holding title to property belonging to the charty Trustee name Dates acted rf not for whole ear NONE Funds held as custodian trustees on behalf of others Description of the assets NONE held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charit 's ob'ects Details of aangernentS for safe custody and segregation of such assets from the charit 's own assets NIA NIA Additional information (optional) Names and addresses of advisers (optional information) Name of chief executive or names of senior staff members (optional infonnation)
Exemptions from disclosure Reason for non-disclosure of ke NIA ersonnel details Other optional information NONE Declarations The company has taken advantage of the small companies, exemption In preparing the report above. The trustees declare that they have approved the trustees, report {including directors, report) above. Slgned on behalf of the charlty's trusteesldlrectors Signature(s} Full name{s) Position (for example Secretary, Chalr, etc) GRAHAM REEDER CHAIR Date
ALLEYN COURT EDUCATIONAL TRUST AUDITED CONSOUDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Company No. 2737124 Registered Charity No. 1017369
Alleyn Court Eductrtlonal Trust Consolldated Flnoncial Slatemènts For Ihe Year Ended 31 July 2024 Page Auditors report to the mernber5 statement of financial octivities including income and expenditure account Consolidated bolonce sheet Company balonce sheet stalement of cosh flows Notes to the financiol statements 9- 17
Alleyn Courl Educational TTUSt Audilors Report to the Members For the Year Ended 31 Juty 2024 Opinion We have oudifed the consolidated financial stotements of Ajleyn Court Educational Trust for the year ended 31 July 2024 which comprise the Consolidoted Stotement of Financial Activities. the Consolidated Balance Sheet, the Company Balance Sheet and the Consolidated Cash Flow Stotemenl 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 applicoble law ond United Kingdom Accounting Standards. including FRS 102 'The Finonciol Reporting Standard Applicoble in the UK and Ireland, {United Kingdom Generally Accepted Accounting Practice). In our opinion the finonciol stotements: give o Irue and foir view of the stote of the charitable companys and group's offoirs os ot 31 July 2024 and of its incoming resources and opplicolion of resources. including its income and expenditure. for the year then ended. have been properly prepored in occordonce wilh United Kingdom Generolly Accepted Accounting Proctice." have been prepared in accordance wth the requirements of the Charities Act 2011. Basis for opinion We conducted our ovdit in occordance with Intemotional Stondords on Auditing IUKI IISAS IUKII and applicable low. Our responsibilities under those stondords are further described in the Auditors responsibilities for the oudit of the financial statements section of our report. We ore independent of the charitable company and group in occordonce with the ethicol requirements thot ore relevont to our audit of the financial statements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethicol responsibilities in accordance wth these requirements. We believe thot the audit evidence we have obtained is sufficient and appropriate to provide o b05is for our opinion. Concluslons relating to going concern In auditing the financial statemenls. we hove concluded thot the trustees. use of the going concern bosis of accounting in the preporotion of the finonciol stotements ts oppropriote. Based on the work we have performed. we have not idenlified ony moteriol uncertainties relating to events or conditions that, individually or collectively. moy cost significont doubt on the choritoble company's and group's cbility to continue as a going concern for a period of ol least e1ve months from when the finoncial stotements cre outhorised for issue. Our responsibilities and the responsibilities of Ihe trustee5 Wth respect to going concem ore described in the relevant sections of this report. other infonnotion The trustees are responsible for the other information. The other information comprises the infomation included in the onnuol report. other than the financial statements ond 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 ossuronce conclusion thereon. In connection wth our audit of the finoncial statements. our responsibility is to read the other information and. in doing so, considerwhether the other informotion s Material inconsistent wth the finonciol 5totements or our krn0edge obtained in the oudit or olhewse oppears to be materially misstated. If. based on the work we have performed, we conclude that there is a malerial misstotement of this other information. we are required to report that fact. We have nothing to report in thi5 regard. Opinion on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertoken in the course of the audit: the infomotion given in the Report of the Trustees for the financial yeor for which the financial statements are prepared is consistent wth the finonciol statements: and the Report of the Trustees hos been prepared in accordance wth applicoble legol requirements. Poge 2
Alleyn Court Educational TTUSt Audltors Report to the Members For the Year Ended 31 July 2024 Matters on which we are requlred to report by exception In the light of the knowledge ond understanding of the choritoble compony and group and its environmenl obtained in the course of the audit. we have not idenlified material misstatements in the Report of the Trustees. We have nothing to report in respecl of the following matters where the Componies Act 2006 require5 US to report to you if. in our opinion: odequale occounting records hove not been kept by Ihe parent charitable company. or returns odequate for our oudit hove not been received from branche5 not V151ted by us.. or the parent choritoble company finonciol stotements are not in agreement with the accounting records and returns,. or certain disclosures of tru5tees' remunerofion specified by low are not made,. or we have not received oll the infornation and explanations we require for our oudit. Responslbllllle$ of trustees As explained more fully in the Statement of Trustees Responsibilities, the trustees (who are also the directors of the charitoble compony for the purposes of company lowl ore responsible for the preparation of the financial statements ond for being satisfied Ihal they give o tnJe and foir view. and for such internal control as the trustees determine is necessary to enoble the preparation of financial stotements that are free from material misstatement. whether due to froud or error. In preporing Ihe financial statements. the trustees ore responsible lor assessing the charitable company and group's obility to continue as a going concern, disclosing. os opplicable. matters related to going concern and using the going concern bosis of accounting unless the Injslees either intend to liquidote the charitable company and group or to cease operations, or hove no realislic alternative but to do so. Audltor's responslbllllles for the audlt of Ihe flnanclal statements Our objectives are to obtain reasonable ossvronce obout whether the finoncial stalemenls as o whole ore free from material misstatement. whelher due lo frovd or error, and to issue a Report of the Independent Auditors that include5 our opinion. Reasonable ossuronce is a high level of assurance but is not o guorantee that an audit conducted in accordance wth ISAS IUKI will aayS detect a moteriol misstatement when it exists. Misstatements con arise from fraud or error and ore considered maleriol if. individuolly or in the oggregale, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial stolements. Irregularities. including froud. ore instances of non-complionce wth laws and regulotions. We design procedures in line wth our responsibililies, outlined above. to detect moleriol misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregulorities, including fraud 15 detailed below: The extent to whlch the avdll was consldered copuble of detecllng Irregularllles Includlng Irovd Our approach to idenlifying and ossessing the risks of material misslalemenl in respect of irregularities, including fraud and non-complionce wth laws ond regulations, was os follows.. the engagement portner ensured that the engagemenl team collectively hod the appropriate competence, capabilities ond ski115 to identify or recognise non-complionce wth applicable laws and regulations., we identified the laws and regulolions applicable to the Group through discussions with trustees ond other management. ond from our commercial knoedge ond experience of the sector in which the Group operates., we focused on specific lows ond regulations which we considered moy hove a direct material effect on the financial statements or the operations of Ihe Group, including the Companies Act 2006, Charities Act and SORP requirements. General Data Protection Regulations IGDPRI. Safeguording, Employment and Health ond Safety legislation,. we assessed the extent of compliance wilh Ihe lo* ond regulations identified above through making enquiries of management and inspecting legol correspondence: and Page 3
Alleyn Court Educational Trust Auditors Report to the Members For the Year Ended 31 Juty 2024 identified laws ond regulations were communicated wthin the oudit team regularty and the team remained alert to instonces of non<omplionce throughout the audit. We ossessed the susceptibility of the Group's finonciol statements to moterial misstotement. including obtaining an understanding of how fraud might occur. by: making enquiries of manogement os to where they considered there wos susceptibility to fraud, their knowledge of actual. suspected and olleged froud." ond considering the intemal controls in ploce to mitigate risks of froud and non<ompliance with laws ond regulations. To oddress the risk of fraud through monogement bios and override of controls, we: performed onawical procedures to identify any unusual or vnexpected relationships; tested journal entries to identify unusual transactions-. assessed whether judgements ond assumptions made in determining the occounting estimates were indicative of potential bias: and investigoted the rationale behind significant or unusual tronsoctions. In response to the risk of irregularities and non<omplionce wilh law5 ond regulations. we designed procedures which included, but were not limited to: agreeing financial stotement disclosures lo underfwng supporling documentation: enquiring of manogement as to oclual and potential litigotion and claims.. ond reviewing correspondence with the Chorities Commission and any other relevant regulators as required. There are inherent limitations in our audit procedures described above. The more removed that laws and regulotions are from finoncial tronsoclions. the less likely it is Ihot we would become aware of non-complionce. Auditing standards olso limit the oudit procedures required to identify non-compliance with lows ond regulations to enquiry of the trustees ond other monogement ond the inspection of regulatory ond legal correspondence. if ony. Material misstolements thot orise due to fraud can be horder to detect than those thot arise from error os they may involve deliberate concealment or collusion. A further description of our responsibilities for Ihe audil of Ihe financiol statements is located on the Financial Reporting Council's website ot www.frc.org.uk/ouditorsresponsibilities. This description forms port of our Report of the Independent Auditors. Use of our report This report is made solety to the choritoble compony's members, os o body, in accordance wth Chapter 3 of Part 16 of the Companies Acl 2CK)6. Our oudit WO hos been undertoken 50 that we might state to the charitable compony's ond group's members those motters which we ore required to include in on ouditor's report oddressed to them. To the fullest extent pemitted by law, we do not accept or assume responsibility to any party other thon the choritable compony and choritoble compony's members os o body, for our work, for this report, or for the opinions we hove formed. Shohid Hameed FCA FCCA (Senior Statutory Auditor) for ond on behalf of THP timited Chortered Accountonts and Statutory Auditors 34-40 High Street Wanstead London El12RJ Date: 30 April 2025 Poge 4
Alleyn Court Educaffonal Trust Consolidoted Stalemenl ot Flnancial Activities (includlng Income and Expendlture Account) For Ihe Year Ended 31 July 2024 Unrestricled Restrlcted lunds funds Total funds 2024 Total funds 2023 Note Income Donations ond legocies Other trading activitie5 Investments Other 1,495 3,384.746 4.494 11.247 1 ,495 3.384,746 4,494 11.247 8.055 3,324,772 2,390 10,068 Total Incomlng resources 3,401,982 3,401,982 3.345,285 Expendlture Charitable expenditure Trading expenditure 6.970 3.440.468 6,970 3,440.468 14,042 3,309.197 Total resources expended 3,447.438 3,447,438 3.323,239 Nel Incomel(expendlture) Toxation 145.4561 4.991 145.4561 4.991 22,046 17,249 Net movement In fund$ Reconclllatlon ol tunds Total funds brought forward 140.4651 140,4651 4.797 1,264,738 1.264,738 1,259,941 Total funds carrled for+Yard 1,224,273 1,224,273 1.264,738 AJI incoming resources and resources expended derive from continuing activikn'es. The statemenl of financial activities includes all gains and losses recognised in the year. 2023 Unreslrlcted and Restrlcted fvnds 2023 2023 2023 Nole Unresmcted Reslrlcted Total funds Income Donotions and legacies other trading activities Investments other 8,055 3.324.772 2.390 10.068 8,055 3.324,772 2,390 10,068 Total Incomlng resources 3.345.285 3,345,285 Expendlture Charitable expendilvre Trading expenditure 14,042 3,309,197 14,042 3,309,197 Total resources expended 3.323.239 3,323,239 Nel Income/(expendllvre) Toxotion 22.046 22,046 17.249 17.249 Net movement In funds Reconclllatlon of funds Totol funds brought lotword 4.797 4.797 1.259,941 1 ,259,941 Total lunds carrfed fOrard 1.264.738 1,264.738 Page 5
Alleyn Court Educationol TTVSt Consofidated Balance Sheet As at 31 July 2024 Notes 2024 2023 Fed assels Tangible assets 13 1,107.574 948,362 1.107.574 948.362 Cuent ossets Debtors Investment5 Cash at bank and in hond 15 175.576 50.CQO 997.581 154,334 50.000 538.506 1.223.157 742,840 Creditors: amounts falllng due within one year 16 490.146 309.905 Net currenl assets 733.011 432.935 Total assels less cuThent Ilabililies 1.840.585 1.381.297 Credilors: amounts falllng due after one year Provisions foi Ilabilities 17 550.126 66,186 44,871 71,688 18 Total net assets 1,224.273 1.264,738 Funds Restricted funds Unrestricted general funds 19 1.224,273 1,264,738 1,224,273 1,264,738 The notes form part of these accounts. These financiol statements ore prepared in occordonce WTth tt)e special provisions of Part15 of the Componies Act 2ts)6 relating to smoll companies. 2% Approved by the Board of Trustees on . . 2025. and signed on its behalf G Reeder Chair of Trustees Company No. 2737124 Page 6
Alleyn Court Edvcalional Twst Company Bolance Sheet As ot 31 July 2024 Notes 2024 2023 Flxed assets Intongible assets Investment5 12 14 80.000 80,000 Current assets Debtors Cash at bank and in hond 489.049 279,577 456,394 329.497 768.626 785,891 Credllors: amovnts folllng due wllhln one year 10.150 7,799 Nel current a55ets 758.476 778.092 Total assets less current Ilabllllles 838,476 858,092 Total net assels 838,476 858,092 Funds Restricted funds Unreslricted general funds 838.476 858,092 838.476 858,092 Charilable company's surplus Ideficill for the year 19,616 21,466 The notes form part of these accounts. These financiol stotemenls ore Pfepored in occordonce with the special provisions of Port 15 of the Companies Act 2006 relating to smoll componies. Approved by the Board of Trustees on . 2025. and signed on its behalf G Reeder Chair of Trustees Company No. 2737124 Page 7
Alleyn Court Educrjllonal Trust Consofidated Slatemenl of Cash Flows For Ihe Year Ended 31 July 2024 2024 2023 Cash used in operaling aclivilies Net movement in funds Depreciation charge Interest received Increase in debtors Increase in creditors 140,4651 61.376 14,4941 121.2421 679,994 4,797 53.334 12,3901 216,089 77.224 Net cash provided by operating oclivilies 675,170 349,054 Cash flows from Invesllng aclivithes Interest income Purchose of langible red os5ets Cash used In investing acllvllies 4,494 1220.588) 1216,0941 2,390 1498,3141 1495,9241 Decrease In cash and cash equlvolents In the year 459,075 1146,8701 Cash and cash equivalents ol Ihe beglnnlng of the year Cash and cash equlvalents ot Ihe end of the year 538,506 685.376 997,581 538,506 Page 8
Alleyn Court Educational Trust Notes to the Financial Slatemenls Foi the Year Ended 31 July 2024 Accovnting policies. judgements and key sources ol esffmatlon uncertalnty Company Inlormallon Alleyn Court Educational Trust is a private company limited by guarantee domiciled and incorporoted in England ond Wales. The registered office 15 Wokering Rood. Southend on Sea. Essex, S53 OPW. The company number is 2737124. Accountlng pollcles The principal accounting policies adopted. judgements and key sources of estimation of uncertainty in the preporathon of the finoncial statemenls are a5 follows: o) Ba$1$ of preporollon The consolidaled financial slatemenls have been prepared in accordance wth Accounting and Reporting by Charitie5: Stotement of Recommended Practice applicable to charities preparing their accounls in accordance with the Financial Reporting Stondard opplicable in Ihe UK and Republic of Ireland IFR51021 (effective l January 20191- (Charities SORP IFR510211, Ihe Financial Reporting Stondord applicable in the UK and Republic of Ireland IFRS1021 and the Companies Acl 2CQ6. Alleyn Court Educalional Trust meets the definition of o public benefit entity under FRS 102. Assets and liabilities ore initially recognised at historical cost or transaction value unless otherwise stoted in the relevont occounting policy notelsl. The finonciol stotemen15 are prepored in sterling, which is Ihe functionol currency of the company. Monetary amounls in these financial statements are rounded lo Ihe nearest pound. The finonciol stolements have been prepared under ttie historical cost convention. The principal accounting policies adopled are set out below. b) Basls of consolldatlon These financial stolements incorporale the audited finonciol stotements of Alleyn Court Educational Trust and ils subsidiary underlaking. Ajleyn Court IPreporoloryl Westcliff Limited, which ha5 the same year end. consolidoted on o line by line basis. The results of the trading subsidiory ore included in the Consolidated Statement of Financial Activilies. The consolidated balance sheet represents the totol ossets ond liabililies of the group. As permilted by section 408 of the Companies Acl 2C06, the income ond expenditure ol the parent chority 15 not pre5enled os Dort of these financial statements. c) Preparatlon of the accounls on a golng concem basls The group reported a deficit for the year of £40,46512023: surplus £4.7971. However the reserves are at a level thal con sustoin 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 donolions. gifts. legocies ond grants of a general nature are recognised where there 15 enlillement. certainty of receipt and the omounl con be measured with sufficient reliobility. Such income is only deferred when.. the donor specifies that Ihe grant or donation must be used only in future accounting periods: or - the donor has imposed conditions which must be met before the chority hos absolute entitlement. School fee income from trading octivities as a preparatory school is recognised in the same accounting period as the relevant term to which *he fees relate. Income from fundroising events run by the charity is recognised in Ihe accounts when received. Govemment gronts are occounted for on a receivable basis. Page 9
Alleyn Court Educalional Trust Noles to the Financial Statements For the Year Ended 31 Juty 2024 e) Donated services and facilities Donoted professional services and donated focifities are recognised as income when the charity has control over them. any conditions associated with the donated item hove been met. the receipts of economic benefits from the use by the chority of the item is proboble and that economic benefit con be measured reliably. In occordance with the Charities SORP IFRS 1021. general volunteer time of the choiity is nol recognised. f) Interest receivable Interest on funds held on deposit is included when receivoble and the omount con be measured reliably by the charity: Ihis is nomally upon notification of the interest paid or poyable by the bank. g) Fund accounting Unrestricted funds ore available to spend on octivities that further ony of the purp05e5 of the charity. Designoted funds are unrestricted funds of the charity which the tSteeS have decided at their discretion to set aside to use for a specific purpose. Restricted funds comprise of income which the contributor hos specified are to be solely used for particular oreos of the chority's work or for a specific project being undertaken by the charity. h) Expenditure and irrecovèrable VAT Expenditure is recognised once there is o legol or constructive obligation to make a payment to a third party. it 15 probable ttiat settiement wll be required ond the amounl of the obligation can be measured reliably. Expenditure is clossified under the followng activity heodings: Costs of raising funds comprise the costs of fundraising events ond Iheir support and promotion costs. - other expenditure represents the costs of running Ihe preporotory school. Irrecoverable VAT is chorged os a cost agoinst the activity for which the expenditure was incurred. l) Allocation of support costs Support costs are those functions that osstst the work of the chority but do not direcly undertoke charilable activities. Support costs include professionol fees and governonce costs which support the charity. These costs have been included in Other expenditure. J) Operating leases The group clos5ifies the short term leose of properties ond equipment os operoting leases; the titEe to which remains with the lessor. Rental charges are charged on a straight line bosis over Ihe tem of the lease. k) Tangible fixed assets Individual ossets costing £5CQ or more ore capitafised ot cost and deprecioted over their estimoted useful economic lives os follows: Fixtures, fitlings ond school equipment- IO% or 20% per annvm reducing balance basis; Computer equipment- 20% per onnum reducing bolonce basis: Building works - 210 per onnum stroight line bosis.. Leasehold land and buildings- equal annual instolments over the lease period. l) Intangible fixed assets Goodwll on acquisition of the chority's svbsidiary is shown os on Intangible Frxed Asset. Amortisation has been provided on this at a rate of 20go per annum straight line basis. The Goodwll hos been fully amortrsed. Poge 10
Alleyn Court Edvcallonal Trust Notes to the Financlol Slotèments Foi the Year Ended 31 July 2024 m) Deblors Trc)de and other debtors are recognised at the setNement amount due. Prepayment5 ore valued at the amount prepaid net of any discounts. n) Cash al bank and in hand Cash at bank and in hand includes cash and short leTm highly liquid investment5 th a short maturity of six monlhs or le55 from tt)e dote of acquisition or opening of the deposit or similar account. o) Credltors ond provlslons Creditors and provisions ore recognised where the chority hos o presenl obligation resulting from a pasl event that will probably result in the transfer to a third paty and the amount due to setme the obligalion can be measured or estimated reliably. Creditors and provisions are nonnally recognised at the settlement amount after ollowing for ony discounts due. p} Flnanclal Inslruments The group only hos finonciol osset5 ond finoncial liabilities of a kind thal qualify as basic financial instruments. Basic financial instrumenls ore initially recognised at transaction value and subsequently measured ot their settlement value. q) Pen$lons The group made contribulion5 lo the APTIS Pension Scheme. and to o defined contiibution scheme. The APTIS pension scheme is olso o defined contribvlion scheme and has been operoled by the group since September 2022. r) Flnanclal Iteportlng Slandard 102- reduced dlsclosurè exemptlon The company has laken odvontoge of the lollowng disclosure exemption in preparing these financial statements, as permitted by FRS 102'The Financial Reporting Standard applicable in the UK and Republic of Ireland" - the requirements of Section 7 Slolement of Cash Flows for the company in the group accounts. Judgements and key sources of estlmallon uncertalnty Key sources ol esffmatlon uncertalnty The estimates and ossumptions which hove o significont risk of causing a material odjv5tment to the carying amount of assets and liabilities are as follows. U$eful economlc Ilves of flxed assets The annual depreciotion chorge for fixed ossets is sensitive to changes in the eslimated useful economic lives and residual values of the assets. The useful economic lives ond re5iduo5 values are re-ossessed annuolly. They are amended when necessary to reflect currenl estimoles, based on technological advancement. future inveslments, economic utilisation and Ihe physicol condition of the ossets. Legal 5talvs of the charlty The company is limited by guoronlee. The number of member5 at the end of the year was 212023.. 21. The liability of each member or persons ceasing to be members wtriin one year of the company's wnding up, towards payment of the compony debt5 ond liabilities controcted before cessation of membership, and wnding vp expenses is limiled to £1. Pagell
Alleyn Court Educational Trust Noles lo Ihe financial Stat&mÈnts For Ihe Year Ended 31 July 2024 Donations and legacies Unreslricted Donations 2024 2023 1.495 8.055 1,495 8.055 Restricted Donations Income from tradlng activlfies 2024 2023 School fee income 3,384,746 3,324,772 3.384,746 3,324,772 Investment Income AJI of the charity's investrnent income arises from interest bearing deposit accounts. Olher expenditure 2024 2023 School running costs Govemance costs 3.424,525 15,943 3,292,856 16,341 3.440,468 3.309,197 staff costs 2024 2023 Total staff costs during the year. Gross salaries Sociol security Pension contributions 1 ,971,582 174,119 178.243 1.910,904 171,438 179,716 2.323.943 2.262.058 One employee received emoluments of beeen £60.CQO and £70.CQO12023:01. One employee received emoluments of be1ween £70.IJJO and £80.(X)012023:1). No employee received emoluments of between £80.000 ond £90.QX)12023:01. No employee received emoluments of between £90.CQO and £IIX).OCO12023:11. One employee received emoluments of beeen £1 CQ.C(Q ond £1 l O.(m12023'01. Poge 12
Alleyn Court Educoffonal Trust Notes to the Flnanclal Stolemenls For the Year Ended 31 July 2024 stafl numbers 2024 2023 Total paid stolf 76 83 Working full time 4.5 days per week 4 days per week 3.5 doys per week 3 days per week 2.5 days per week 2 doys per week 1.5 days per week I doy perweek 43 47 10 10 10 Full time equivalent 63 67 The average number ol slaff on a head count bosis in the yeor wos 7412023 - 791. At the year end date 6012023 - 701 of the above employees participated in pension schemes contributed to by Ihe employer. Trustees remuneratlon and the ¢o$t of key management personnel The key management personnel of the chority comprise the Heod ond the Bursor of Alleyn Court School. The tota5 remvnerolion of the key monagement personnel wa5 £214.36612023: £202.8831. 10. Net Incomlng resources 2024 2023 Net incoming resources for the yecw are stated ofter charging: Depreciotion of fixed a55et5 Auditors remuneration Rental payments undei operating leases 61,375 5,670 229,767 53,334 5,400 219,036 Page 13
Alleyn Court Educalional Trust Notes lo the Financial Statements For the YeaT Ended 31 July 2024 Taxation As a chority, Alleyn Court Educationol Trust ts exempt from tax on income and gains falling wthin seclion 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 its charitable objects. The subsidiary is not exempt from taL ond provides deferred tax on the thming difference that arises on claiming capitol ollowances in excess of the depreciotion chorged on Fixed sets. The subsidiary compony has tox losses of £71.80112023: £86.3061 ovoilable to corry forward ond utilise ogoinst future troding Profits. A deferred tax osset of £17,950 has nol been reflected in the accounts due to doubts about its recovery in the short term. 12. Intangible fixed assets Goodwtll on acquisition Total Cost At l August 2023 Additions Disposals 133.726 133.726 At 31 July 2024 133,726 133.726 Amortlsotlon At 31 July 2023 Charge for the yeor Eliminoted on disposol 133,726 133,726 At 31 July 2024 133.726 133.726 Net book value At 31 July 2024 At 31 July 2023 Page 14
Alleyn Court EductOnal TTVSt Notes to the Flnanciol Statements For the Year Ended 31 July 2024 13. Tangible fixed assels School Dining Hall Bulldlng Works School Equipment Flxtures & Flttlngs Total Cosl At 31 July 2023 Additions Copitol Goods Scheme adjustment At 31 July 2024 220.405 359.899 326,091 1108.1741 620,235 13.061 302,701 2,974 1,503,239 342,126 1121.5391 113.3651 207,040 577,816 633.296 305.674 1,723,826 Depreclallon Al 31 July 2023 Charge for Ihe year 25.667 4.408 344,445 28.341 184,765 17,828 554,878 61,376 10,799 At 31 July 2024 30,075 10.799 372.786 202,593 616,253 Net book value At 31 July 2024 176,965 S67.017 260,510 103,081 1,107,573 At 31 July 2023 194.738 359,899 275.790 117,935 948,361 14. Inveslments - company only 2024 2023 Loan to Alleyn Court (Preporoloryl Westcliff Limited The loan is interest free, unsecured. ond wilh no set dote for repayment. 80.CQO 80.mo Alleyn Court Educational Trust has a wholly owned trading 5ubsidiory"Aleyn Court (Preparatory) Westcliff Limited" (company regislration number 005130451 which is incorporated in the UK. This is o coeducational day preparalory school lor children up to age I l. 15. Debtors - group 2024 2023 Trade deblors Prepayments Other debtors 23,874 123,074 7,386 54,037 121,539 175,576 154,334 Current year other debtors relate lo VAT recoverable under The Capital Goods Scheme. Credltors.. omounls folllng due wlthln one year - group 16. 2024 2023 Trade creditors Other credilors Accruals and deferred income Taxotion ond sociol security 13,620 392,594 43.232 40.700 54,425 201,753 17.800 35,927 490.146 309.905 17. Creditors: amounts falllng due after one year- group 2024 2023 Accruals and deferred income Taxation and social security 550,126 44,871 550,126 44.871 The other creditor5 ond deferred income include £760,28012023: £87,897) in respect ol tees received In advance. Page15
Alleyn Court Edvcolional Tw5t Notes to the Financial Statements For Ihe Year Ended 31 Juty 2024 18. Provisions for liabilities - group 2024 2023 Deferred tax on capitol ollowances claimed in excess of deprecotion charged 66.186 71.688 66.186 71,688 Financlal inslTuments - group 2024 2023 Carrylng amount of flnanclal assets Debt instruments measured ot ornortised cost Carrying amount of flnancial IlabllHies Measured ot amorthsed cost 23,874 13.620 54.425 19. Anatysls of charftable funds - group Unrestrlcted Reslrfcted Total At the beginning of the year Deficit for the year 1,264,738 140,4651 1.264,738 140,4651 1.224.273 1,224,273 Incoming resources Resovrces expended Unrestrlcted Ivnds 01-Aug.23 TTansler 31-Jul-24 Generol fund 1,264.738 3.401.982 13.442.447) 1,224,273 1.264,738 3.401.982 13,442.4471 1 ,224.273 Incoming resources Resources expended Restricted lunds 01-Aug-23 Transfer 31-Jul-24 PuTpose of restricted funds There were no reslricted funds held ot 3110712024. Poge16
Alleyn Court Edvcatlonal TTVSt Notes lo Ihe Financial Statements For the Year Ended 31 July 2024 20. Analysls of net assets bèlween funds - group General fund Restrlcled funds 2024 Total Fixed a55els Current assels Total liabilities ,107,574 1,223,157 11,106,458) 1 ,107,574 1 ,223,157 11.106,4581 Net assets 1.224.273 1.224,273 General fund Restricted funds 2023 Total Fixed 055els Current assets Total liabilities 948,362 742.840 1426,4641 948,362 742,840 1426,4641 Net a55et5 1.264.738 1,264.738 21. Operatlng lease commltmenls - grovp At the yeor end dote the chority hod Ihe followng lease commitrnents: 2024 2023 Falling due.. Within one year Belween one and five years After five yeors 230.202 920,808 7,371,640 218,535 874,139 7,648,510 £8,522.650 £8,741,184 The above operating lease commitments relote lo school buildings. 22. Capllal commltments . group 2024 2023 Controcled but not provided for in Ihe financiol 5totements 225,033 23. Transactlons wllh Trustees and Rel<rted partles 2024 2023 Pension paid by Aleyn Court (Preporotoryl Westcliff Limited Ischooll: J W T Wilcox ITwsteel J W T Wilcox resigned as a director on 30 April 2024. 25,686 24,058 Rent paidlreceived by Alleyn Court (Preparatory) Westcliff Limited ISchooll- Paid to Wilcox Property LLP Received from Jelly Beons Montessori Nvrsery Limted A Trv5tee of the charity is the son ol the members of the Wilcox Properfy LLP. A Trustee ol the charity is the director and shareholder in the Jelly Beans Montessori Nursery Limited 184.167 6.354 172,500 Accountancy fees paid to NSO Associates LLP One member of NSO Associates LLP is o Trustee of the chority. 27.910 24.945 Donations made by a Trustee to the chority 225 24. Ultlmate conltolling p(xty There is no ultimate controlling party. Page 17
ALLEYN COURT EDUCATIONAL TRUST AUDITED CONSOUDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Company No. 2737124 Registered Charity No. 1017369
Alleyn Court Eductrtlonal Trust Consolldated Flnoncial Slatemènts For Ihe Year Ended 31 July 2024 Page Auditors report to the mernber5 statement of financial octivities including income and expenditure account Consolidated bolonce sheet Company balonce sheet stalement of cosh flows Notes to the financiol statements 9- 17
Alleyn Courl Educational TTUSt Audilors Report to the Members For the Year Ended 31 Juty 2024 Opinion We have oudifed the consolidated financial stotements of Ajleyn Court Educational Trust for the year ended 31 July 2024 which comprise the Consolidoted Stotement of Financial Activities. the Consolidated Balance Sheet, the Company Balance Sheet and the Consolidated Cash Flow Stotemenl 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 applicoble law ond United Kingdom Accounting Standards. including FRS 102 'The Finonciol Reporting Standard Applicoble in the UK and Ireland, {United Kingdom Generally Accepted Accounting Practice). In our opinion the finonciol stotements: give o Irue and foir view of the stote of the charitable companys and group's offoirs os ot 31 July 2024 and of its incoming resources and opplicolion of resources. including its income and expenditure. for the year then ended. have been properly prepored in occordonce wilh United Kingdom Generolly Accepted Accounting Proctice." have been prepared in accordance wth the requirements of the Charities Act 2011. Basis for opinion We conducted our ovdit in occordance with Intemotional Stondords on Auditing IUKI IISAS IUKII and applicable low. Our responsibilities under those stondords are further described in the Auditors responsibilities for the oudit of the financial statements section of our report. We ore independent of the charitable company and group in occordonce with the ethicol requirements thot ore relevont to our audit of the financial statements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethicol responsibilities in accordance wth these requirements. We believe thot the audit evidence we have obtained is sufficient and appropriate to provide o b05is for our opinion. Concluslons relating to going concern In auditing the financial statemenls. we hove concluded thot the trustees. use of the going concern bosis of accounting in the preporotion of the finonciol stotements ts oppropriote. Based on the work we have performed. we have not idenlified ony moteriol uncertainties relating to events or conditions that, individually or collectively. moy cost significont doubt on the choritoble company's and group's cbility to continue as a going concern for a period of ol least e1ve months from when the finoncial stotements cre outhorised for issue. Our responsibilities and the responsibilities of Ihe trustee5 Wth respect to going concem ore described in the relevant sections of this report. other infonnotion The trustees are responsible for the other information. The other information comprises the infomation included in the onnuol report. other than the financial statements ond 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 ossuronce conclusion thereon. In connection wth our audit of the finoncial statements. our responsibility is to read the other information and. in doing so, considerwhether the other informotion s Material inconsistent wth the finonciol 5totements or our krn0edge obtained in the oudit or olhewse oppears to be materially misstated. If. based on the work we have performed, we conclude that there is a malerial misstotement of this other information. we are required to report that fact. We have nothing to report in thi5 regard. Opinion on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertoken in the course of the audit: the infomotion given in the Report of the Trustees for the financial yeor for which the financial statements are prepared is consistent wth the finonciol statements: and the Report of the Trustees hos been prepared in accordance wth applicoble legol requirements. Poge 2
Alleyn Court Educational TTUSt Audltors Report to the Members For the Year Ended 31 July 2024 Matters on which we are requlred to report by exception In the light of the knowledge ond understanding of the choritoble compony and group and its environmenl obtained in the course of the audit. we have not idenlified material misstatements in the Report of the Trustees. We have nothing to report in respecl of the following matters where the Componies Act 2006 require5 US to report to you if. in our opinion: odequale occounting records hove not been kept by Ihe parent charitable company. or returns odequate for our oudit hove not been received from branche5 not V151ted by us.. or the parent choritoble company finonciol stotements are not in agreement with the accounting records and returns,. or certain disclosures of tru5tees' remunerofion specified by low are not made,. or we have not received oll the infornation and explanations we require for our oudit. Responslbllllle$ of trustees As explained more fully in the Statement of Trustees Responsibilities, the trustees (who are also the directors of the charitoble compony for the purposes of company lowl ore responsible for the preparation of the financial statements ond for being satisfied Ihal they give o tnJe and foir view. and for such internal control as the trustees determine is necessary to enoble the preparation of financial stotements that are free from material misstatement. whether due to froud or error. In preporing Ihe financial statements. the trustees ore responsible lor assessing the charitable company and group's obility to continue as a going concern, disclosing. os opplicable. matters related to going concern and using the going concern bosis of accounting unless the Injslees either intend to liquidote the charitable company and group or to cease operations, or hove no realislic alternative but to do so. Audltor's responslbllllles for the audlt of Ihe flnanclal statements Our objectives are to obtain reasonable ossvronce obout whether the finoncial stalemenls as o whole ore free from material misstatement. whelher due lo frovd or error, and to issue a Report of the Independent Auditors that include5 our opinion. Reasonable ossuronce is a high level of assurance but is not o guorantee that an audit conducted in accordance wth ISAS IUKI will aayS detect a moteriol misstatement when it exists. Misstatements con arise from fraud or error and ore considered maleriol if. individuolly or in the oggregale, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial stolements. Irregularities. including froud. ore instances of non-complionce wth laws and regulotions. We design procedures in line wth our responsibililies, outlined above. to detect moleriol misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregulorities, including fraud 15 detailed below: The extent to whlch the avdll was consldered copuble of detecllng Irregularllles Includlng Irovd Our approach to idenlifying and ossessing the risks of material misslalemenl in respect of irregularities, including fraud and non-complionce wth laws ond regulations, was os follows.. the engagement portner ensured that the engagemenl team collectively hod the appropriate competence, capabilities ond ski115 to identify or recognise non-complionce wth applicable laws and regulations., we identified the laws and regulolions applicable to the Group through discussions with trustees ond other management. ond from our commercial knoedge ond experience of the sector in which the Group operates., we focused on specific lows ond regulations which we considered moy hove a direct material effect on the financial statements or the operations of Ihe Group, including the Companies Act 2006, Charities Act and SORP requirements. General Data Protection Regulations IGDPRI. Safeguording, Employment and Health ond Safety legislation,. we assessed the extent of compliance wilh Ihe lo* ond regulations identified above through making enquiries of management and inspecting legol correspondence: and Page 3
Alleyn Court Educational Trust Auditors Report to the Members For the Year Ended 31 Juty 2024 identified laws ond regulations were communicated wthin the oudit team regularty and the team remained alert to instonces of non<omplionce throughout the audit. We ossessed the susceptibility of the Group's finonciol statements to moterial misstotement. including obtaining an understanding of how fraud might occur. by: making enquiries of manogement os to where they considered there wos susceptibility to fraud, their knowledge of actual. suspected and olleged froud." ond considering the intemal controls in ploce to mitigate risks of froud and non<ompliance with laws ond regulations. To oddress the risk of fraud through monogement bios and override of controls, we: performed onawical procedures to identify any unusual or vnexpected relationships; tested journal entries to identify unusual transactions-. assessed whether judgements ond assumptions made in determining the occounting estimates were indicative of potential bias: and investigoted the rationale behind significant or unusual tronsoctions. In response to the risk of irregularities and non<omplionce wilh law5 ond regulations. we designed procedures which included, but were not limited to: agreeing financial stotement disclosures lo underfwng supporling documentation: enquiring of manogement as to oclual and potential litigotion and claims.. ond reviewing correspondence with the Chorities Commission and any other relevant regulators as required. There are inherent limitations in our audit procedures described above. The more removed that laws and regulotions are from finoncial tronsoclions. the less likely it is Ihot we would become aware of non-complionce. Auditing standards olso limit the oudit procedures required to identify non-compliance with lows ond regulations to enquiry of the trustees ond other monogement ond the inspection of regulatory ond legal correspondence. if ony. Material misstolements thot orise due to fraud can be horder to detect than those thot arise from error os they may involve deliberate concealment or collusion. A further description of our responsibilities for Ihe audil of Ihe financiol statements is located on the Financial Reporting Council's website ot www.frc.org.uk/ouditorsresponsibilities. This description forms port of our Report of the Independent Auditors. Use of our report This report is made solety to the choritoble compony's members, os o body, in accordance wth Chapter 3 of Part 16 of the Companies Acl 2CK)6. Our oudit WO hos been undertoken 50 that we might state to the charitable compony's ond group's members those motters which we ore required to include in on ouditor's report oddressed to them. To the fullest extent pemitted by law, we do not accept or assume responsibility to any party other thon the choritable compony and choritoble compony's members os o body, for our work, for this report, or for the opinions we hove formed. Shohid Hameed FCA FCCA (Senior Statutory Auditor) for ond on behalf of THP timited Chortered Accountonts and Statutory Auditors 34-40 High Street Wanstead London El12RJ Date: 30 April 2025 Poge 4
Alleyn Court Educaffonal Trust Consolidoted Stalemenl ot Flnancial Activities (includlng Income and Expendlture Account) For Ihe Year Ended 31 July 2024 Unrestricled Restrlcted lunds funds Total funds 2024 Total funds 2023 Note Income Donations ond legocies Other trading activitie5 Investments Other 1,495 3,384.746 4.494 11.247 1 ,495 3.384,746 4,494 11.247 8.055 3,324,772 2,390 10,068 Total Incomlng resources 3,401,982 3,401,982 3.345,285 Expendlture Charitable expenditure Trading expenditure 6.970 3.440.468 6,970 3,440.468 14,042 3,309.197 Total resources expended 3,447.438 3,447,438 3.323,239 Nel Incomel(expendlture) Toxation 145.4561 4.991 145.4561 4.991 22,046 17,249 Net movement In fund$ Reconclllatlon ol tunds Total funds brought forward 140.4651 140,4651 4.797 1,264,738 1.264,738 1,259,941 Total funds carrled for+Yard 1,224,273 1,224,273 1.264,738 AJI incoming resources and resources expended derive from continuing activikn'es. The statemenl of financial activities includes all gains and losses recognised in the year. 2023 Unreslrlcted and Restrlcted fvnds 2023 2023 2023 Nole Unresmcted Reslrlcted Total funds Income Donotions and legacies other trading activities Investments other 8,055 3.324.772 2.390 10.068 8,055 3.324,772 2,390 10,068 Total Incomlng resources 3.345.285 3,345,285 Expendlture Charitable expendilvre Trading expenditure 14,042 3,309,197 14,042 3,309,197 Total resources expended 3.323.239 3,323,239 Nel Income/(expendllvre) Toxotion 22.046 22,046 17.249 17.249 Net movement In funds Reconclllatlon of funds Totol funds brought lotword 4.797 4.797 1.259,941 1 ,259,941 Total lunds carrfed fOrard 1.264.738 1,264.738 Page 5
Alleyn Court Educationol TTVSt Consofidated Balance Sheet As at 31 July 2024 Notes 2024 2023 Fed assels Tangible assets 13 1,107.574 948,362 1.107.574 948.362 Cuent ossets Debtors Investment5 Cash at bank and in hond 15 175.576 50.CQO 997.581 154,334 50.000 538.506 1.223.157 742,840 Creditors: amounts falllng due within one year 16 490.146 309.905 Net currenl assets 733.011 432.935 Total assels less cuThent Ilabililies 1.840.585 1.381.297 Credilors: amounts falllng due after one year Provisions foi Ilabilities 17 550.126 66,186 44,871 71,688 18 Total net assets 1,224.273 1.264,738 Funds Restricted funds Unrestricted general funds 19 1.224,273 1,264,738 1,224,273 1,264,738 The notes form part of these accounts. These financiol statements ore prepared in occordonce WTth tt)e special provisions of Part15 of the Componies Act 2ts)6 relating to smoll companies. 2% Approved by the Board of Trustees on . . 2025. and signed on its behalf G Reeder Chair of Trustees Company No. 2737124 Page 6
Alleyn Court Edvcalional Twst Company Bolance Sheet As ot 31 July 2024 Notes 2024 2023 Flxed assets Intongible assets Investment5 12 14 80.000 80,000 Current assets Debtors Cash at bank and in hond 489.049 279,577 456,394 329.497 768.626 785,891 Credllors: amovnts folllng due wllhln one year 10.150 7,799 Nel current a55ets 758.476 778.092 Total assets less current Ilabllllles 838,476 858,092 Total net assels 838,476 858,092 Funds Restricted funds Unreslricted general funds 838.476 858,092 838.476 858,092 Charilable company's surplus Ideficill for the year 19,616 21,466 The notes form part of these accounts. These financiol stotemenls ore Pfepored in occordonce with the special provisions of Port 15 of the Companies Act 2006 relating to smoll componies. Approved by the Board of Trustees on . 2025. and signed on its behalf G Reeder Chair of Trustees Company No. 2737124 Page 7
Alleyn Court Educrjllonal Trust Consofidated Slatemenl of Cash Flows For Ihe Year Ended 31 July 2024 2024 2023 Cash used in operaling aclivilies Net movement in funds Depreciation charge Interest received Increase in debtors Increase in creditors 140,4651 61.376 14,4941 121.2421 679,994 4,797 53.334 12,3901 216,089 77.224 Net cash provided by operating oclivilies 675,170 349,054 Cash flows from Invesllng aclivithes Interest income Purchose of langible red os5ets Cash used In investing acllvllies 4,494 1220.588) 1216,0941 2,390 1498,3141 1495,9241 Decrease In cash and cash equlvolents In the year 459,075 1146,8701 Cash and cash equivalents ol Ihe beglnnlng of the year Cash and cash equlvalents ot Ihe end of the year 538,506 685.376 997,581 538,506 Page 8
Alleyn Court Educational Trust Notes to the Financial Slatemenls Foi the Year Ended 31 July 2024 Accovnting policies. judgements and key sources ol esffmatlon uncertalnty Company Inlormallon Alleyn Court Educational Trust is a private company limited by guarantee domiciled and incorporoted in England ond Wales. The registered office 15 Wokering Rood. Southend on Sea. Essex, S53 OPW. The company number is 2737124. Accountlng pollcles The principal accounting policies adopted. judgements and key sources of estimation of uncertainty in the preporathon of the finoncial statemenls are a5 follows: o) Ba$1$ of preporollon The consolidaled financial slatemenls have been prepared in accordance wth Accounting and Reporting by Charitie5: Stotement of Recommended Practice applicable to charities preparing their accounls in accordance with the Financial Reporting Stondard opplicable in Ihe UK and Republic of Ireland IFR51021 (effective l January 20191- (Charities SORP IFR510211, Ihe Financial Reporting Stondord applicable in the UK and Republic of Ireland IFRS1021 and the Companies Acl 2CQ6. Alleyn Court Educalional Trust meets the definition of o public benefit entity under FRS 102. Assets and liabilities ore initially recognised at historical cost or transaction value unless otherwise stoted in the relevont occounting policy notelsl. The finonciol stotemen15 are prepored in sterling, which is Ihe functionol currency of the company. Monetary amounls in these financial statements are rounded lo Ihe nearest pound. The finonciol stolements have been prepared under ttie historical cost convention. The principal accounting policies adopled are set out below. b) Basls of consolldatlon These financial stolements incorporale the audited finonciol stotements of Alleyn Court Educational Trust and ils subsidiary underlaking. Ajleyn Court IPreporoloryl Westcliff Limited, which ha5 the same year end. consolidoted on o line by line basis. The results of the trading subsidiory ore included in the Consolidated Statement of Financial Activilies. The consolidated balance sheet represents the totol ossets ond liabililies of the group. As permilted by section 408 of the Companies Acl 2C06, the income ond expenditure ol the parent chority 15 not pre5enled os Dort of these financial statements. c) Preparatlon of the accounls on a golng concem basls The group reported a deficit for the year of £40,46512023: surplus £4.7971. However the reserves are at a level thal con sustoin 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 donolions. gifts. legocies ond grants of a general nature are recognised where there 15 enlillement. certainty of receipt and the omounl con be measured with sufficient reliobility. Such income is only deferred when.. the donor specifies that Ihe grant or donation must be used only in future accounting periods: or - the donor has imposed conditions which must be met before the chority hos absolute entitlement. School fee income from trading octivities as a preparatory school is recognised in the same accounting period as the relevant term to which *he fees relate. Income from fundroising events run by the charity is recognised in Ihe accounts when received. Govemment gronts are occounted for on a receivable basis. Page 9
Alleyn Court Educalional Trust Noles to the Financial Statements For the Year Ended 31 Juty 2024 e) Donated services and facilities Donoted professional services and donated focifities are recognised as income when the charity has control over them. any conditions associated with the donated item hove been met. the receipts of economic benefits from the use by the chority of the item is proboble and that economic benefit con be measured reliably. In occordance with the Charities SORP IFRS 1021. general volunteer time of the choiity is nol recognised. f) Interest receivable Interest on funds held on deposit is included when receivoble and the omount con be measured reliably by the charity: Ihis is nomally upon notification of the interest paid or poyable by the bank. g) Fund accounting Unrestricted funds ore available to spend on octivities that further ony of the purp05e5 of the charity. Designoted funds are unrestricted funds of the charity which the tSteeS have decided at their discretion to set aside to use for a specific purpose. Restricted funds comprise of income which the contributor hos specified are to be solely used for particular oreos of the chority's work or for a specific project being undertaken by the charity. h) Expenditure and irrecovèrable VAT Expenditure is recognised once there is o legol or constructive obligation to make a payment to a third party. it 15 probable ttiat settiement wll be required ond the amounl of the obligation can be measured reliably. Expenditure is clossified under the followng activity heodings: Costs of raising funds comprise the costs of fundraising events ond Iheir support and promotion costs. - other expenditure represents the costs of running Ihe preporotory school. Irrecoverable VAT is chorged os a cost agoinst the activity for which the expenditure was incurred. l) Allocation of support costs Support costs are those functions that osstst the work of the chority but do not direcly undertoke charilable activities. Support costs include professionol fees and governonce costs which support the charity. These costs have been included in Other expenditure. J) Operating leases The group clos5ifies the short term leose of properties ond equipment os operoting leases; the titEe to which remains with the lessor. Rental charges are charged on a straight line bosis over Ihe tem of the lease. k) Tangible fixed assets Individual ossets costing £5CQ or more ore capitafised ot cost and deprecioted over their estimoted useful economic lives os follows: Fixtures, fitlings ond school equipment- IO% or 20% per annvm reducing balance basis; Computer equipment- 20% per onnum reducing bolonce basis: Building works - 210 per onnum stroight line bosis.. Leasehold land and buildings- equal annual instolments over the lease period. l) Intangible fixed assets Goodwll on acquisition of the chority's svbsidiary is shown os on Intangible Frxed Asset. Amortisation has been provided on this at a rate of 20go per annum straight line basis. The Goodwll hos been fully amortrsed. Poge 10
Alleyn Court Edvcallonal Trust Notes to the Financlol Slotèments Foi the Year Ended 31 July 2024 m) Deblors Trc)de and other debtors are recognised at the setNement amount due. Prepayment5 ore valued at the amount prepaid net of any discounts. n) Cash al bank and in hand Cash at bank and in hand includes cash and short leTm highly liquid investment5 th a short maturity of six monlhs or le55 from tt)e dote of acquisition or opening of the deposit or similar account. o) Credltors ond provlslons Creditors and provisions ore recognised where the chority hos o presenl obligation resulting from a pasl event that will probably result in the transfer to a third paty and the amount due to setme the obligalion can be measured or estimated reliably. Creditors and provisions are nonnally recognised at the settlement amount after ollowing for ony discounts due. p} Flnanclal Inslruments The group only hos finonciol osset5 ond finoncial liabilities of a kind thal qualify as basic financial instruments. Basic financial instrumenls ore initially recognised at transaction value and subsequently measured ot their settlement value. q) Pen$lons The group made contribulion5 lo the APTIS Pension Scheme. and to o defined contiibution scheme. The APTIS pension scheme is olso o defined contribvlion scheme and has been operoled by the group since September 2022. r) Flnanclal Iteportlng Slandard 102- reduced dlsclosurè exemptlon The company has laken odvontoge of the lollowng disclosure exemption in preparing these financial statements, as permitted by FRS 102'The Financial Reporting Standard applicable in the UK and Republic of Ireland" - the requirements of Section 7 Slolement of Cash Flows for the company in the group accounts. Judgements and key sources of estlmallon uncertalnty Key sources ol esffmatlon uncertalnty The estimates and ossumptions which hove o significont risk of causing a material odjv5tment to the carying amount of assets and liabilities are as follows. U$eful economlc Ilves of flxed assets The annual depreciotion chorge for fixed ossets is sensitive to changes in the eslimated useful economic lives and residual values of the assets. The useful economic lives ond re5iduo5 values are re-ossessed annuolly. They are amended when necessary to reflect currenl estimoles, based on technological advancement. future inveslments, economic utilisation and Ihe physicol condition of the ossets. Legal 5talvs of the charlty The company is limited by guoronlee. The number of member5 at the end of the year was 212023.. 21. The liability of each member or persons ceasing to be members wtriin one year of the company's wnding up, towards payment of the compony debt5 ond liabilities controcted before cessation of membership, and wnding vp expenses is limiled to £1. Pagell
Alleyn Court Educational Trust Noles lo Ihe financial Stat&mÈnts For Ihe Year Ended 31 July 2024 Donations and legacies Unreslricted Donations 2024 2023 1.495 8.055 1,495 8.055 Restricted Donations Income from tradlng activlfies 2024 2023 School fee income 3,384,746 3,324,772 3.384,746 3,324,772 Investment Income AJI of the charity's investrnent income arises from interest bearing deposit accounts. Olher expenditure 2024 2023 School running costs Govemance costs 3.424,525 15,943 3,292,856 16,341 3.440,468 3.309,197 staff costs 2024 2023 Total staff costs during the year. Gross salaries Sociol security Pension contributions 1 ,971,582 174,119 178.243 1.910,904 171,438 179,716 2.323.943 2.262.058 One employee received emoluments of beeen £60.CQO and £70.CQO12023:01. One employee received emoluments of be1ween £70.IJJO and £80.(X)012023:1). No employee received emoluments of between £80.000 ond £90.QX)12023:01. No employee received emoluments of between £90.CQO and £IIX).OCO12023:11. One employee received emoluments of beeen £1 CQ.C(Q ond £1 l O.(m12023'01. Poge 12
Alleyn Court Educoffonal Trust Notes to the Flnanclal Stolemenls For the Year Ended 31 July 2024 stafl numbers 2024 2023 Total paid stolf 76 83 Working full time 4.5 days per week 4 days per week 3.5 doys per week 3 days per week 2.5 days per week 2 doys per week 1.5 days per week I doy perweek 43 47 10 10 10 Full time equivalent 63 67 The average number ol slaff on a head count bosis in the yeor wos 7412023 - 791. At the year end date 6012023 - 701 of the above employees participated in pension schemes contributed to by Ihe employer. Trustees remuneratlon and the ¢o$t of key management personnel The key management personnel of the chority comprise the Heod ond the Bursor of Alleyn Court School. The tota5 remvnerolion of the key monagement personnel wa5 £214.36612023: £202.8831. 10. Net Incomlng resources 2024 2023 Net incoming resources for the yecw are stated ofter charging: Depreciotion of fixed a55et5 Auditors remuneration Rental payments undei operating leases 61,375 5,670 229,767 53,334 5,400 219,036 Page 13
Alleyn Court Educalional Trust Notes lo the Financial Statements For the YeaT Ended 31 July 2024 Taxation As a chority, Alleyn Court Educationol Trust ts exempt from tax on income and gains falling wthin seclion 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 its charitable objects. The subsidiary is not exempt from taL ond provides deferred tax on the thming difference that arises on claiming capitol ollowances in excess of the depreciotion chorged on Fixed sets. The subsidiary compony has tox losses of £71.80112023: £86.3061 ovoilable to corry forward ond utilise ogoinst future troding Profits. A deferred tax osset of £17,950 has nol been reflected in the accounts due to doubts about its recovery in the short term. 12. Intangible fixed assets Goodwtll on acquisition Total Cost At l August 2023 Additions Disposals 133.726 133.726 At 31 July 2024 133,726 133.726 Amortlsotlon At 31 July 2023 Charge for the yeor Eliminoted on disposol 133,726 133,726 At 31 July 2024 133.726 133.726 Net book value At 31 July 2024 At 31 July 2023 Page 14
Alleyn Court EductOnal TTVSt Notes to the Flnanciol Statements For the Year Ended 31 July 2024 13. Tangible fixed assels School Dining Hall Bulldlng Works School Equipment Flxtures & Flttlngs Total Cosl At 31 July 2023 Additions Copitol Goods Scheme adjustment At 31 July 2024 220.405 359.899 326,091 1108.1741 620,235 13.061 302,701 2,974 1,503,239 342,126 1121.5391 113.3651 207,040 577,816 633.296 305.674 1,723,826 Depreclallon Al 31 July 2023 Charge for Ihe year 25.667 4.408 344,445 28.341 184,765 17,828 554,878 61,376 10,799 At 31 July 2024 30,075 10.799 372.786 202,593 616,253 Net book value At 31 July 2024 176,965 S67.017 260,510 103,081 1,107,573 At 31 July 2023 194.738 359,899 275.790 117,935 948,361 14. Inveslments - company only 2024 2023 Loan to Alleyn Court (Preporoloryl Westcliff Limited The loan is interest free, unsecured. ond wilh no set dote for repayment. 80.CQO 80.mo Alleyn Court Educational Trust has a wholly owned trading 5ubsidiory"Aleyn Court (Preparatory) Westcliff Limited" (company regislration number 005130451 which is incorporated in the UK. This is o coeducational day preparalory school lor children up to age I l. 15. Debtors - group 2024 2023 Trade deblors Prepayments Other debtors 23,874 123,074 7,386 54,037 121,539 175,576 154,334 Current year other debtors relate lo VAT recoverable under The Capital Goods Scheme. Credltors.. omounls folllng due wlthln one year - group 16. 2024 2023 Trade creditors Other credilors Accruals and deferred income Taxotion ond sociol security 13,620 392,594 43.232 40.700 54,425 201,753 17.800 35,927 490.146 309.905 17. Creditors: amounts falllng due after one year- group 2024 2023 Accruals and deferred income Taxation and social security 550,126 44,871 550,126 44.871 The other creditor5 ond deferred income include £760,28012023: £87,897) in respect ol tees received In advance. Page15
Alleyn Court Edvcolional Tw5t Notes to the Financial Statements For Ihe Year Ended 31 Juty 2024 18. Provisions for liabilities - group 2024 2023 Deferred tax on capitol ollowances claimed in excess of deprecotion charged 66.186 71.688 66.186 71,688 Financlal inslTuments - group 2024 2023 Carrylng amount of flnanclal assets Debt instruments measured ot ornortised cost Carrying amount of flnancial IlabllHies Measured ot amorthsed cost 23,874 13.620 54.425 19. Anatysls of charftable funds - group Unrestrlcted Reslrfcted Total At the beginning of the year Deficit for the year 1,264,738 140,4651 1.264,738 140,4651 1.224.273 1,224,273 Incoming resources Resovrces expended Unrestrlcted Ivnds 01-Aug.23 TTansler 31-Jul-24 Generol fund 1,264.738 3.401.982 13.442.447) 1,224,273 1.264,738 3.401.982 13,442.4471 1 ,224.273 Incoming resources Resources expended Restricted lunds 01-Aug-23 Transfer 31-Jul-24 PuTpose of restricted funds There were no reslricted funds held ot 3110712024. Poge16
Alleyn Court Edvcatlonal TTVSt Notes lo Ihe Financial Statements For the Year Ended 31 July 2024 20. Analysls of net assets bèlween funds - group General fund Restrlcled funds 2024 Total Fixed a55els Current assels Total liabilities ,107,574 1,223,157 11,106,458) 1 ,107,574 1 ,223,157 11.106,4581 Net assets 1.224.273 1.224,273 General fund Restricted funds 2023 Total Fixed 055els Current assets Total liabilities 948,362 742.840 1426,4641 948,362 742,840 1426,4641 Net a55et5 1.264.738 1,264.738 21. Operatlng lease commltmenls - grovp At the yeor end dote the chority hod Ihe followng lease commitrnents: 2024 2023 Falling due.. Within one year Belween one and five years After five yeors 230.202 920,808 7,371,640 218,535 874,139 7,648,510 £8,522.650 £8,741,184 The above operating lease commitments relote lo school buildings. 22. Capllal commltments . group 2024 2023 Controcled but not provided for in Ihe financiol 5totements 225,033 23. Transactlons wllh Trustees and Rel<rted partles 2024 2023 Pension paid by Aleyn Court (Preporotoryl Westcliff Limited Ischooll: J W T Wilcox ITwsteel J W T Wilcox resigned as a director on 30 April 2024. 25,686 24,058 Rent paidlreceived by Alleyn Court (Preparatory) Westcliff Limited ISchooll- Paid to Wilcox Property LLP Received from Jelly Beons Montessori Nvrsery Limted A Trv5tee of the charity is the son ol the members of the Wilcox Properfy LLP. A Trustee ol the charity is the director and shareholder in the Jelly Beans Montessori Nursery Limited 184.167 6.354 172,500 Accountancy fees paid to NSO Associates LLP One member of NSO Associates LLP is o Trustee of the chority. 27.910 24.945 Donations made by a Trustee to the chority 225 24. Ultlmate conltolling p(xty There is no ultimate controlling party. Page 17