REGISTERED CHARITY NUMBER: 1042857 rt of the Trustees and Un2udited Financial Statements for the Year Ended 31 Au ust 2024 for THE FILMER TRLST Cox & Co. (Accountancy) Limited Chartered Accountants The Granary High Street Turvey Bedford Bedfordshire MK4i 8DB
THE FILMER TRUST Contents ofthe Financial Statements FOR THE YEAR ENDED 31 AUGUST 2024 Page Report of the Trustee5 Independent Examiner's Report Statement of Financial Activities Bal8nee Sheet Notes to the Financial Statements Detailed Statement of FinaDcial Activities 14 to 15
THE FILMER TRUST Re ort ofthe Trustees FOR THE YEAR ENDED 31 AUGUST 2024 The trustees preseni their report with the fmancial staiements of the chariry for the year ended 31 August ?024. The mistees have adopi¢d the provisions of Accounting and Reportino 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 (FRS 102) {effective l January 2019). 0ECTIVEs AND ACTIVITIES Objectives 2nd aims The objectives of the Charitv, as stated in its deed of twsL are to: Support King's House School. its pupils and parents by working alone or in partnership with others to support educaiion, training, accommodation, bursaries and scholarships. We do 50 by seeking t5 and donations from third panies, and by seektng to raise funds through organised events and initiatives. The organisation has produced a mission statement to share its current aims: "To work, either alone or in pamership with others to suppon education. trainin& accommodation and assistsnce with school fees at King's House School in Luton. Bedfordshire" Strategies for achTeving the principal aims and objectives: by seeking grants and donations from third parties. by seeking to raise funds through organised events and initiatives. by investments in short and long tern] portfolios. Objectives for the year 20242025 To continue its phased upgrade and renew plan for our property and buildings. To step up our initiatives to attract further donations in suppon of these plans. Strengthen our relationship with other educational instiDJtions. To undertake a full review. of the Tst,5 medium to long tern] strntegi, with particular reference to the trends outlined in the ?02J Office for National Statistics Report on National Pupil projections, 202J-20)0. To review the Trnst's objectives in light of the projected educational landscape in the fonhcoming decade. Volunteers The Trust continues to be graieful for the support of a small group of VolUneTS who help with the finance tasks and others who have made small contributions to reception and admin work during the year. PaJe li
THE FILMER TRLST Re ort of the Trustees FOR THE YEAR ENDED 31 AL1GL'ST 2024 ACHIEVEMEIIT AIYD PERFORIMANCE Fundraising activities Funding was obTained from Luion Borouoh Council and donations received. The income is shown in the financial pages which follow. Main Achievements for tht Year: Our broad objeciives for each year are governed by our StragiC Plan and so change little from year to year over the period of the plan. Objectives and me&sures of success and progress against it are reponed annually to the T]ustees. The following key objectives were identified for the year: To liaise with the local planning authority. to ascenain their views on the options we have in ternjs of upgradino and possibly extending our property. A series of consultarions and pre-applications were made over a period of ten months which evenwally succeeded in indtcating the best way fonward which would meet with the planning authority's approval. These plans are being filrther reviewed as part of the Trust'5 impending review of its future strategy. To prepare a srrategic plan to assess and identify the necessary, repairs and UPadeS that need to be made to our capital assets. This plan has now been compleied and will be actioned over a period of three years. 202i-2026. To identify developments and tsovemrnental proposals in the area Early Years education policy that might impact on the Trusr's inpui and suppon. This is on-Lvoing and will be completed during ?023124. FINANCIAL REVIEW Pritscipal funding sources The Trust derives most of its fijnding from Luton Borough Council and from donations. Reseryes Policy Our reserves limit is currently £5000. We aim to only have an amount of reserves that is proportionate to what is required to continue our existing operations for up to l? months. and to respond to any urgent operational needs that may artse due to unexpected financial implicatlOTI5. Our reserves lirnit will be adjusted accordingly as our work progresses, and this wtll be reflected in our Reserves Policy. Income from any sources are principally used to further our charitable purposes and benefit those we work with. Grants and donations We are extremelj grateful to those, the majority of whom have had a past associations with the school, for making donaiions during the course of the year. We have begun work on assembling a digital database to enable us to better communicate with this constituency and plan to launch a donarion campaign in due course based around our Capiral Development Fund. We also continue to receive grants in respect to EYFS provision from Luton Borough Council. Pa3e1i
THE FIL.MER TRUST ort ofihe Trustees FOR THE YEAR EI%DED 31 AL,GLTST 2024 STRiJCTLIRE, GOVERNANCE AND MANGEMENT Governing doeument The charity is controlled by its governing documenl a deed of trust and constiDJtes an unincorporated charity. Recruitment and appointment of new. trustees Suitable nominees, according to the regulations covered by the Trust Dee(L are introduced to the work of the Trust and meei with staff and a board member prior to submission for consideration by the board. The Trust aims. as far as possible. to include a wide range of skills and representation from the local community which it serves. Organisational strllcture The Charity is wholly UK based with its head office and projects in Luton, Bedfordshire. The Trusiees meet three times a year to detemine the policy and Sfdtegy of the Charity. The day-ro-day management of the Charity is deleoated the Secretarial service. Induetion and training of new trustees ew board members, w.hen possible. take part in the dailj work of the Trust in order to understand the ran(Te and nature of its activities. All receive Charity Commission ouidelines on their legal role and copies of the Trust's policies. REFERENCE AND AD.MINISTRATIVE DETAILS Registered Charitv num ber 1042857 Principal address 33 High Street Luton Bedfordshire LU4 9JY Trusiees Shabnurn Hus5ain Suhalia Liaquar Caroline Beach David Flere P¥Je 2
THE FILMER TRUST rt of the Tntstees FOR THE YEAR ENDED 31 AUGUST 2024 REFEREIICE AND ADMILNISTRATIVE DETAILS Independent Examiner David A Cox BA FCCA FCA Cox & Co. {AccounTancy) Limited Chanered Accouniant5 The Granary High Street Turvey Bedford Bedfordshire MK43 8DB Solicitor5 Taylor Walion 28 Alma Street Luton Bedfordshire LU12PL Bankers National Westminster Bank 81 High Street Bedford Bedfordshire MK40 IYN Approved by order the board of trustees on 2 May 2025 and signed on IES behalf by". Suhalia Liaq rustee PèJe 3
Inde endent Examinerfs Re rt to the Trustees of The Filmer Twst Independent examiner's report to the trustee5 of The Filmer Trust I repon to Ihe charity trustees on my examination of the accounts of The Filmer TNst (the Trust) for the year ended i l Augusi 2024. Responsibilities and basis of report As ihe charif>' trusiees of the Trusi you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (Ihe Act,). I repon in respect of my examination of the Trust'5 accounLS CWTied out under Section 145 of the Act and in carrv ing out MJ examinaiion I have followed all applicable Direcrions oiven by the Charity Comrnission under Section 145(5)(b) of the Act. Independent examiner's statement Since your ¢harity'S gross income exceeded £2iO,000 your examiner must be a member of a listed body. I can confirni that J am qualified to underrake the examination because l arn a member of the Institute of Chanered Accountants in England and Wales. which is one of the listed bodie5. I have ¢ompleied my examination. I confum that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Tnjst as required by Section lio of the Act; or the accounts do not accord with those records. OT the accounts do not comply with the applicable requirements concerning the forni and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirernent that the accounts give a true and fair view which is not a matter considered as part of an independeni examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order io enable a proper undersranding of the accounts to be reached. vi IJ7 David A Cox BA FCCA FCA The Instirute of Chartered Accountants in England and Wales Cox & Co. (AccoLtntancy) Limited Chartered Accountants The Granary High Street Turvej. Bedford Bedfordshire MK43 8DB ? May 2025 Page 4
THE FILMER TRUST ststement of Financial Activitses FOR THE YEAR ENDED 31 AUGUST 2024 2024 Total funds 2023 Totsl funds Unreslritta fund fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 922iO 92.230 79,Oi I Charitsble activities Nursery grants 178.178 178.178 170,784 Other adIng act2Vities 45.)55 45.35) Total 92.2iO 22J,533 315.763 i37,7i4 EXPENDITURE ON Charitable activiti¢s Nursery granTS 202.914 202.914 Jll,598 Other 108,179 108.179 20,667 Totsl 108 179 202.914 ill.093 332,265 NET INCOMEI{EXPENDITURE) (15.949) 20.619 4,670 5,469 RECONCILIATION OF FUNDS Toral funds brought forward 844,776 371.031 1.215.807 1,21 O,i38 TOTAL FUNDS CARRIED FORWARD 828,8?7 391,650 1 ?20,477 l ?li,807 The notes form pwt of these finanual statements Pèp5
THE FILMER TRUST 8alance Sheet 31 AUGUST 2024 2024 Total fvnds 202) Total funds Unresirictg# fund RestncteAI fund Notes FIXED ASSETS Intanoible assets Tanoible assets Investments 50.00? 937.09) 142 )?4 50,00? 9)7.09i 142.J24 50.002 95J.654 1)8,291 1.129,419 1.129.419 1.141.947 CURRENT ASSETS Debiors Cash at bank 78.496 78.496 391.650 78.496 )71,031 i91.650 78.496 391.650 470,146 449.527 CREDITORS Amounts falling due within one year (379,088) (i79,088) li75,667) NET CURRENT ASSETS 300,592) 391.650 91.058 73.860 TOTAL ASSETS LESS CURRENT LIABILITIES 828,827 391,650 l.L?0,477 1 ?15.807 NET ASSETS 8?8.8?7 J91,650 1 ?20.477 1,215,807 FUNDS Unrestricted funds Restricted funds 828.8?7 i91,650 844.776 )71.OJl TOTAL FUNDS 1.220,477 1,215,807 The financial statements were approved by the Board of Trustees and authorised for issue on 2 May 2025 and were sioned on its behalf by.. Suhalia Liaquat - Trus The notes fc part ofthese finanual statements Paae 6
THE FELMER TRUST Notes to the Financial Statements FOR THE YEAR ENDED 31 AUGUST 2024 ACCOUNTING POLICIES Basis of preparing the financial ststements The financial statements of the charity, which is a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP (FRS 102) 'Accountino and Reporting by Charities.. StaEement of Recommended Praciice applicable to charities preparÈno their accounts in accordance with the Financial Reponing Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January ?019)'. Financial Reporting Standard 102 The Financial Reporting Standard applicable Èn the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under ihe historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets. In¢ome All income is recognised in the Statement of Financial ActlVTties once the charity has entitlement to the funds. it is probable that the income will be received and the amouni can be measured reliably. Expenditure Liabilities are recognised as expenditLwe as soon as there is a legal or constTUCtive obligation committing the charity 10 thai expenditure, it is probable that a transfeT of economic benefits will be required in settlement and the amount of the obligatlon can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headintrs that aggreoate all cost related 10 the category. Where costs cannot be dtrectly attribuied to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to Conditions which have not been mei at the year end date are noted as a commitment but not accrued as expenditure. Goodwill Goodwill is in respect of the acquisition of a business in 1995 and was written off over 20 years. The written down value is £nil. Tangible fixed assets Depreciauon is provided at the following annual rates order to WTRte off each asset over its estimated use] life. Improvements to propety Fixrures and fillings 2% on cost 150/0 on reducing balance Taxation The chariry is exempt from fax on its charitable activities. Fund accouDting Linrestricted fimds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricied funds can only be used for particular restricted purposes w'ithin the objects of the Charity. Restricrions arise when specified by the donor or when fid5 are raised for particular restricted purposes. Further explanation of the nature and purpose of each fimd is included in the notes to the financial statements. Hire purchase and leasing eommitments Renta15 paid under operdiing leases are charged to the Statement of Financial Activities on a Straight line basis over the period of the lease. Improvements to property The revaluaiion on the improvements to property have been taken to the stsfement of fll)ancial acrivizies in 2016. The revaluation w&$ based on a valuation for Insurance purposes provided to the Trustees. Page 7 continued...
THE FILMER TRUST Xotes to L5)e Fifjancial Ststements. continued FOR THE YEAR ENDED 31 AUGUST 2024 OTHER TRADI,YG ACTIVITIES 2024 2023 Fundraising evenis Nursery fees 85.569 87,919 TRUSTEES, REMLNERATION AIW BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 Augusi 2023. Trustees, expenses There were no 31 August 2023. rrustees, expenses paid for the year ended 31 August2024 nor for the year ended COMPARA TIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restrict fund Total IL5nds 1cOmE AND ENDOW.MENTS FROM Donations and legacies 79,031 79,031 Charitable activities Nursery grants 170,784 170.784 Other trading activities 2,350 8),569 87,919 Total 81,381 256,3iJ 337,734 EXPENDITURE OI Charitable activities Nursery grants 56,822 254,776 311.598 her 20,667 20.667 Total 77.489 254,776 332,265 NET INCOME 3,892 1,577 5,469 RECONCILIATION OF FL'NDS Totsl funds brought forward 840.884 369,454 1.210,338 TOTAL FUNDS CARRIED FORWARD 371,031 1.215.807 continued...
THE FILMER TRUST Notes to the Financial Statements- continued FOR THE YEAR ENDED 31 AUGUST 2024 INTANGIBLE FIXED ASSETS Palenls and Totals COST At I September 202) and 31 August ?024 180.000 50,00? 230,002 AMORTISATION At I September 202i and ) l August 2024 180 000 180,000 NET BOOK VALUE Ai 31 August 2024 50.002 50,002 At 31 August 2023 50.002 iO,002 TANGIBLE FIXED ASSETS Improvements Fixtures and fttings Totals COST At I September 202J and 31 August 2024 1.103.963 40,016 1.143,979 DEPRECIATION At I September ?0?" Charge for year 153.259 37,066 44? 190.)25 16,561 At 31 August 20?4 169,378 37,508 206,886 .N ET BOOK VALUE At J l August 2024 9J4,i85 2,)08 937,093 At J l August 202) 950,704 ?.950 95i,654 FIXED ASSET INVESTMENTS Shares in group undertakings MARKET VALUE At I September 202) Revaluations 138,291 4,Oi3 At 31 August 2024 142,)24 NET BOOK VALUE At i l Augltst 2024 142,i24 At 31 August 2023 138.291 There were no invesmieni assets Outside the UK. Page 9 continued...
THE FILMER TRUST Notes to the Financial Statement5. ¢ontlnued FOR THE YEAR ENDED 31 AUGUST 2024 FIXED ASSET IIYVESTMENTS- eontinued Cost or valuation at i l August 2024 is represented by: Shares ir. grDUP undellakings Valuation in 202J Valuation in ?024 Cost 3.j?I 4.03) l J4,970 The Filmer Trust holds l 00 % of the shares in KHM Education Ltd. The net assets of KHM Education Lcd ai J I August 2023 were £14 1.974 (2022: £137,941). The TnLStee's consider this to be fair valuation for ?024. The Filmer Trust holds IOOO/o of the shares in KHM Preparatory Schools Management Ltd KHM Education Ltd. The fair value of the investhienL in the opinion of the Trustee's 15 repre5enfrd by the amount paid for the acquisition which is £350. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 202i Other debtors Prepayments and accrued income 35.880 42,616 35.880 78,496 78,496 CREDITORS: AMOUI*TS FALLING DiiE WITHIN ONE YEAR 2024 ?023 Bank overdrafts (see note l O) Other creditors 370.628 8,460 368,107 7,)60 J79 088 i75,667 10. LOANS An analysis of the maturity of loans is given below: ?024 2023 Amounts falling due within one year on demand: Bank overdrafts Bank loans i70,6?8 367,689 418 370.628 J68,107 Page 10 continued...
THE FILMER TRUST Notes to the Financial Statsments. continued FOR THE YEAR EN ED 31 AUGUST 2024 MOVEMENT IN FUINDS Nel movement in funds Al 31.8.24 Al1.9.23 Unrestricted funds General fund 844,776 (15.949) 8?8.827 Restricted funds Nursery Education 371.031 ?0,619 i91.650 TOTAL FUNDS 1,215 807 4,670 1.2?0,477 Net rnovement in funds, included in the above are as follows: I*1n9 resour Resources expended Movement in funds Unrestricted funds General fund 92.230 (108,179) (15,949) Restricted funds Nursery Education 223.533 (202,914) 20.619 TOTAL FisNDS i15,763 (i 11,093) 4,670 Comparatives for movement in funds Nei movernenl in funds Al 31.8.23 At1.9.22 Unrestricted funds General fund 840,884 3,892 844.776 Restricted funds Nursery Education 369,454 1,577 371,Oil TOTAL FUNDS 1.210.338 5,469 1 ?15,807 PaJe11 continued...
THE FILMER TRUST Notes to the Financial Statements. continued FOR THE YEAR ENDED 31 AU 24 MOVEMENT IIY FUIDS- continued Comparative net movement in funds. included in the above are as follows: Incoming resources Resources ended Movement in funds Unrestricted funds General fund 81.381 (77.489) 3,892 Restricted funds Nursery Education 256.353 (254,776) 1.577 TOTAL FUNDS 337.7)4 jj2 ?65) i,469 A current year 12 months and prior y&qr 12 months combined position is as follows: Nel movement in funds Al 31.8.24 Al1.9.22 Unrestricted funds General fund 840,884 (12,057) 828.827 Restricted funds Nursery Education 369.454 22,196 )91,650 TOTAL FUNDS 12IO.3J8 10.139 1,2?0,477 A current year 12 months and prior year 12 months Combined net movement in funds. included in the above are as follows". Incr)ming resources Resources exFended Movement in funds Llnrestricted funds General fund 173,611 (185.668) (12.057) Restricted funds Nursery Educazion 479,886 (457,690) TOTAL FUNDS 6)3,497 643,Ji8) 10,139 PèJe12 continued...
THE FILMER TRUST Notes to the Financial Ststements. continued FOR THE YEAR ENDED 31 AUGUST 2 12. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended i l August 2024. Pèje 13
THE FILMER TRUST Detsiled Ststement of Financial Activitses FOR THE YEAR ENDED 31 AUGLIST 2024 2024 ?023 INCOME AND ENDOWMENTS Donations and legacies Donations Other trading activities Fundraisino events Nursery fees 85,569 45,3)5 87,919 Charitable activities Grants 178,178 170.784 Total incoming resources 315.76i 3i7,734 EXPENDITURE Charitable 8etÈvities Grdnts paid out 202.914 258,606 Other Other operating leases Rent payable Write off other loans 25.885 17,960 23,178) 7,284 43.987 20,667 Support costs Management Rates, water & pow'er Insurance Advertising Sundries Repairs & renewals Professional fees Bank charges Improvemenrs to properry Fixtures and firtings 5,93) 4,139 8,897 182 167 22.95? 709 16.119 442 21.654 395 16.119 521 62.706 51,907 Finance Bank interest 719 506 Other Impainnent losses for thngibie fixed assets (4.033) (3.321) Govern2nee costs Accountancy 4.800 3.900 rhis page dces not fom part OT the staDJtory fip,anc&d st&ments Pa> 14
THE FILMER TRUST Detsiled Statement of Flnancial A¢tlYlties FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 Total resources expended il1,09J 332,265 Net income 4,670 5.469 This page tkns notfcm part of the statulory finanad statements PaJe 15