BIRCHFIEU) INDEPENDENf GIRLS SCHOOL tered Chari Number: 1053283 ANNUAL REPORT AND ACcOU￿Ts 31 ST Y 2023 BIRCHFIELD INDEPENDENT GIRLS SCHOOL CHARITY INFORMATION CONTENTS Page Charity Infomialion Trustee$, Report Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the accounts BIRCHFIELD INDEPENDENT GIRLS SCHOOL CHARIry INFORMATION Addro88 Beacon House 30 Beacon Hill, Aston Birmingham Bankers Lloyds TSB Bank Pl Bimiingham Sutton Coldfield Branch 9 Birmingham Road Sutton Coldfield National Westminster Bank PIC 46 One Stop Shopping Centre 2 Walsall Road Perry Barr Birmingham Al Rayan Bank Edgbaslon House, 3 Duchess Place Hagley Road Birmingham Sollcbtor6 Khan & Co 47 Cape Hill Smelhwick Wesl Midlands A¢countsnts Mr Akbar Dedat Crystal Business Services Ltd Chartered Accountants 264 Stoney Stanton Road Coventry West Midlands BIRCHFIELD INDEPENDENT GIRLS SCHOOL CHARITh REGISTRATION No:1053283 ANNUAL REPORT FOR THE YEAR ENDED 31ST JULY 2023 The trustees present their report for the year ended 31st Juty 2023 Trustees The charity tru$lees during the period from 1st August 2022 to dale were as follows'.- Mohammed M Uddin Chairman Mr. Syed K Ahmed Mr. Mohammed A Rahman Mr Anwar H Teladia is the charity's secretary. Mana ement The day lo day running of the school is carried out by the school head-teacher (Mrs R Mogra}, the school governors and also the Irusiees. Ngw Trusts85 The charity, when appointing a new trustee. initially seek any interested person who has the appropriate qualification or expertise lo run the charity. Such p8rson then acts as a school governor for some lime and if and when the present trustees find this person as suitable. the person is appointed as a new tnjstee. This ensures that all trustees are well aware of the charity's objectives. nctions and procedures. Constitution The charity was established by a conslitulion dated 2nd January 1996 and is registered wth the Charity Commission11053283}. istered Office The charity's registered office is situated al Beacon House, 30 Beacon Hill, Aston. Birmingham. b-ectives To establish, maintsin and conduct a school for the education land mainly) of gids so as to be an independent school within the meaning of the expression as defined in the Education Act. In order to fulfil these objectives the charity runs a girls secondary school which is managed by experienced and qualffied stsff. The overall aim is lo provide a good education to girts $0 Ihal these girts became good examples and useful lo society. Public Benefrt There is a public need for this type of school which the charity has now been addressing for many years. Rbk Mana •ment The Iruslees have assessed the major risks to which the charity is exposed, in path'cular those related to the opeotions and finances of the school, and are satisfied that systems are in place to mitigate our exposure to the major risks. Aetivltle$ and P res$ Durln Year Once again, the Imslees are pleased to report an increase in sludenl numbers. Since the additional students were accommodated in existing classes there was no requireroent for additional staff. The chanty has recenllyl May 2024) been subjected to an Ofsted inspection and all the qual standards have been mel. During the year, the chanty's nel incoming resources were £22,678 {lasl year- £20,665). The unrestricted reserves at 31st July 2023 increased trom £279,522 10 £302,200. ..continued BIRCHFIELD INDEPENDENT GIRLS SCHOOL CHARITY REGISTRATION No:1053283 ANNUAL REPORT FOR THE YEAR ENDED 31ST JULY 2023 Future Plans The trustees intend to continue with Ihe improvement of all the school standards. Fixod Assets There were no ¢apital expenditures during the year. Some equipment purchased has been included in the repairs costs. rant-makin and investments The charity does not give any grants or has any long-tenn investments. ReseNes Polic The net current assets al the year*nd is £120,250.The available liquid funds were £140, 130 whi¢h more than satisfies the Iruslees, aims of having sufficient funds for immediate expenditures. The charity intends is to conb'nue building up reserves by means of operating surpluses, supplemented by general-purpose appeals from time lo ts'me. The private loans are not only long-leThn and interest free, but there is afways the possibility that such loans may become actual donations in the future. Tru8tsos' Res nsibll For Tho Accounts Charity laws requires the trustees of the charity lo prepare statements of accounts for each financial year which give a true and fair view of the state of affairs of the Charity and of rts incoming resources and application of resources for that period. In p￿paring those financial statements the trustees are required to". Select suitable accounting policies and apply them Consislenlly. Make judgements and estsmales that are ￿asOnable and prudent. To p￿pare the financial statement in accordance wth the models and principles set out in the Statement of Recommended Pracli¢e Accounting and Reporting by Charrties and to state whether or nol the accounts have been prepared in accordance with that ststemenl and applicable accounting stsndards. Prepare the financial statements on the going con￿rn basis unless it 1$ inappropriate lo do so. Presume that the charity will continue in operation. The trustees a￿ responsible for keeping the proper accounting recortjs which are sufficient to show and explain the charity's transactions and to disclose wlh the reasonable accuracy at any lime the financial position of the charity, and to enable them to ensure that any statements of accounts comply with the reqU1￿ment of the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularib"es. On behalfofthe managing committee. Approved on 28th June 2024. Mr. Anwar Teladia- Secretary INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BIRCHFIELD INDEPENDENT GIRLS SCHOOL I ￿port to the charity trustees on my examinab.on of the accounts of the charity for the year ended 31st July 2023 which are sel out on pages 5 to 8. Bas18 of ind• nd•nt examiner's re As the charity's Iruslees you are responsible for the preparation of the accounts in accordan￿ with the requirements of the Charities Act 2011 I'the ACYI. I report in respect of my examination of the chanty's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145151{bl of the Act. Inde endent exarninerfs slatement Since the ¢harity's gross income exceeded £250,000 your examiner must be a mernber of a body listed in section 745 of the Act. I confimi that l am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no matenal matters have come to my attenkn'on in connection with the examination giving me cause lo believe that in any material respect.. 1. aecounting records were not kept in respect of the Charity as requi￿￿ by secb.on 130 of the Act.. or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the applicable requirements Con￿rning the fomi and conlenl of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and fair view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. MR AKBAR DEDAT Chartered Accountant Crystsl Business Services Ltd Chartered Accountants 264 Stoney Stsnlon Road, Coventry CV14FP 28th June 2024 BIRCHFIELD INDEPENDENT GIRLS SCHOOL ststement Of Financial Activi For The Year To 31st Jul 2023 Incom8 and Ex enditure Account 31107123 31107122 Noles INC MING RESOURCES Parents, contributions Donabons & grants Total Incomin 300,264 26.Ck%O 326.324 256,519 36,392 292.911 Rèsources RESOURCES EXPENDED DireGI charitable ex Salaries and employerfs NIC Staff training Rates, rent and insuran School stslionery, books & equipment Repairs and maintenance Equipment hire Light and heat Telephone, fax and intemel Postsge and stationery Subscriptions sO￿a Examination fees Cleaning expenses Sundry expenses Depreciation Total Chatltable Ex endilure 199,872 515 18,757 3,593 10,303 7,773 33,139 2.666 6,533 699 2,400 6,418 3,513 3,087 707 299,975 190,308 897 17,448 4,452 15,918 7,239 23.031 1.938 2.055 2,712 11,8351 3,231 1,870 805 270,069 enditurn Less ." Governance Costs (Otsted fees) 13,6711 12,1771 NET INCOMING RESOURCES 22.678 20,665 Fund Balances al 1st August 2022 279,522 258,857 Fund Balances at 31st July 2023 ALL ACTIVITIES ARE CONTINUING ALL OF THE FUNDS ARE UNRESTRICTED BIRCHFIELD INDEPENDENT GIRLS SCHOOL Balance Sheet As At 31st Jul 2023 2023 2022 Fixed Assets Not•s Freehold propety Fumilure & equipment 268,937 2,523 271,460 268,937 3,230 272,167 Current Assets Debtors and prepayments Cash al bank Cash in hand 4,7 139.731 399 144,830 4,700 104,534 1,381 110,615 Loss: Current Liablllties Creditors and accruals 24,580 13,750 120,250 391,710 Total Assets Less Current Llabllltlos 96,865 369,032 Less: Lon Temi Liabilities Private loans linlerest free) 89,510 89,510 89,510 89,510 Totsl Net A8 ets 302.200 279.522 Financed B Chari Funds Account General Funds - Unrestrfcted 302,200 279.522 £ 302.200 279,522 Approved by The Board of Trustees on 28th June 2024 and signed on rt's behalf Trustee Trustee BIRCHFIELD INDEPENDENT GIRLS SCHOOL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st JULY 2023 1. Accounting Pollcles The financial statements are prepared in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities" preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102} issued on 16 July 2014 and Charities Act 2011. Exemption has been taken from preparing a ¢ash flow statement under 'Seclion 7 Stslemenl of Cash Flows, as permitted by FRS 102 on the grounds that the Charity qualifies as a small entity. lal Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Acb'vilies when received. Other income is accounted for on an accrual basis as far as it 1$ prudent lo do so. The value of services provided by volunteers has not been included. Ibl Resources expended are recognised in the period in which they are incurred. Resour￿$ expended include attributable VAT, which cannot be recovered. Since there are no restricted incoming resource$ the charity Iruslees are free to spend the funds as they deem fit in the furtherance of the charity's objectives. Icl As a registered charity the charity is generally exempt from Income and Capital Gains Tax. bul not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates. {dl Debtors and creditors Debtors and creditors with no staled interest rate and re￿1Vable or payable within one year are recorded at transaction price. Any losses arising from impaimient are recognised in expenditure. lel Provisions Provisions are recognised when the charity has an obligation at the balance sheet dale as a result of a past event, it is probable that an oufflow of economic benefits will be required in settlement and the amount can be reliably estimated. Igl Going concem The financial stslemenls have been prepared on a going concem basis as the Iruslees believe that no material uncertainties exist. The trustees have considered the level of fvnds held and the expected level of income and expenditure for 12 months from authorising these financial stslements. The budgeted In￿Me and expenditure is sufficient with the level of reserves for the charity lo be able lo continue as a going concem. 2. Dgpreeiation Policy Depreciation is provided on the school fumilure and equipment at the following rates based on the estimated useful life of these assets and their anlicipaled residual value.. Fumilure and equipment- 20% reducing balance method 3. Tanglble fixed as$&ts Freohold Property Furniture & Equipmenl Total8 Cost Al 1st August 2022 268,937 83,291 363.053 At31stJuly2023 268,937 83,291 363,053 Depreclation Al 1 st August 2022 Charge for the year At 31 st July 2023 80,061 707 80,768 80,061 707 80,768 Net book value At 31st July 2022 268,937 3,230 272,167 Al 31 sl July 2023 268,937 2,523 271,460 4. Employee8, R•rnuneratlon Total remuneration lincluding employerfs naty'onal insurance contribulionl for the year amounted to £199,872 12022 - £190,308) There are no employees whose remuneration exceeds £60,000. The average number of paid staff for the year were 24 12022 - 261, and these are analysed as follows'.- 2023 2022 Teaching.. Full lime Teaching.. Part lime Administration I non-leaching.. Full time Adminislralion I non-teaching." Part time 12 12 5. Tru8tèes' Remuneration and Ex￿n$83 No remuneration, directly or indirectly, was paid or payable for the year to any person or persons known lo be connected with any of them. No reimbursement of expenses has been made or is due to be made to any of the tN$lees in respect of the year.