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← Charters-Ancaster College (1995)

2024-08-31-accounts

REGISTERED COMPANY NUMBER: 03174367 (England and Wales) REGISTERED CHARITY NUMBER: 1054300

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

CHARTERS-ANCASTER COLLEGE (1995)

Acuity Professional Partnership LLP Unit 2.02 High Weald House Glovers End Bexhill East Sussex TN39 5ES

CHARTERS-ANCASTER COLLEGE (1995)

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Statement of Financial Position 8 to 9
Statement of Cash Flows 10
Notes to the Statement of Cash Flows 11
Notes to the Financial Statements 12 to 19
Detailed Statement of Financial Activities 20 to 21

CHARTERS-ANCASTER COLLEGE (1995)

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 AUGUST 2024

TRUSTEES Mr M J Crump (Chartered Surveyor)
Mr D Young (Retired Chairman)
Mrs S Norman (Speech And Language Therapist)
Mrs F J Kellett (Accountant)
Mrs N Crump (Retired Teacher)
J N Cole (Principal Lecturer)
Ms L Langlands (Director) (appointed 1/9/2023) (resigned
1/1/2024)
COMPANY SECRETARY Mr M J Crump
REGISTERED OFFICE Unit 2.02
High Weald House
Glovers End
Bexhill on Sea
East Sussex
TN39 5ES
REGISTERED COMPANY 03174367 (England and Wales)
NUMBER
REGISTERED CHARITY 1054300
NUMBER
INDEPENDENT EXAMINER Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES
SOLICITORS DKLM Solicitors
City House
3 Cranwood Street
London
EC1V 9PE

Page 1

CHARTERS-ANCASTER COLLEGE (1995)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objectives of the Nursery are the advancement and education (including social and physical wellbeing) of children from 6 months old and up to 5 years of age, and in particular through the provision of a charitable day nursery accessible to parents and children from all social groups, religious persuasions and ethnicities.

In setting our objectives and planning our activities, the Council have given careful consideration to the Charity Commission's general guidance on the public benefit requirement as defined in section 4 of the Charities Act 2006, in particular to its supplementary public benefit guidance on advancing education and on fee-charging.

Our key objectives for the year include:

Page 2

CHARTERS-ANCASTER COLLEGE (1995)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024

ACHIEVEMENT AND PERFORMANCE Charitable activities

ACHIEVEMENT AND PERFORMANCE

Charters Ancaster Nursery and Forest School continues to be an environment where children can develop and learn through play, and where children, parents and staff are involved in a unique family atmosphere. This happy and productive environment has been created by the engagement and support of committed staff and the management team we have in place and I would like to thank them for all their support and hard work.

The children continue to benefit from access to a wide range of activities in respect of outdoor activities including forest school, active play, access to an all-weather play area and extensive grounds and gardens. The focus has been on bringing additional nursery pupils in order to grow the business from within. Creativity such as musical activities, dance, and roleplay continue to be enjoyed. The nursery has grown in numbers and now has c 200 children on the role. Financial performance has improved with a turnover of £987,762 for the YE August 2024 ( up from £952,563 ) though costs also rose for the year from £895,536 to £1,011,927. Nevertheless this represents an improvement in financial performance. All financial surplus was returned to the nursery via expenditure in the fabric of the building and resources.

In 2021 the nursery achieved an outstanding rating across all areas from OFSTED.

COMMUNITY SERVICE

Charters Ancaster Nursery continues to assist the community where possible by taking students from local schools and colleges to gain experience in the Nursery. The Nursery continues to fundraise for a variety of local and national charities including St. Michaels Hospice, Comic Relief, Children in Need, and local charities are chosen each year. The parent/carer and staff group CAF ( Charters Ancaster Friends ) continues to run successful Summer and Christmas Fairs which are enjoyed by the children.

EDUCATIONAL DEVELOPMENTS

The on-line Learning Journey and Assessment tool "Family" which was introduced last year continues to be a great success, being preferred by staff members and welcomed by parents as they can also contribute and access their child's learning Journey on-line if they wish while staff and management can monitor progress and improvements in accordance with Development Matters advisory documents and the Early Years Foundation Stage Government requirements.

MARKETING

The website has enhanced our marketing capabilities and also the use of Facebook and Instagram, which are user friendly for staff, parents and prospective parents and lets them know what is going on and allow them to comment on the nursery. This year we have seen greater engagement. Regular newsletters for parents and staff keep them informed of activities.

A simplification and change in the fee structure in line with other Nurseries has increased the competitiveness and attractiveness of the nursery package to parents along with the Forest School and superior Nursery environment. Non-payers have been reduced to a minimum and pursued or excluded.

NURSERY

The nursery continues to flourish across all age groups. A new Nursery Manager, Susannah Crump, was appointed in 2022 who has made an immediate impact in terms of the management of the nursery .

During the last year there have been several challenges with staff off work due to maternity leave, injury, ill-health, or shielding in line with statutory requirements. This has caused difficulties in maintaining child/staff ratios but by judicious management, goodwill from staff, new staff being engaged, long hours for some and hard work, the Senior Management Team have managed again to keep the Nursery functioning effectively.

Page 3

CHARTERS-ANCASTER COLLEGE (1995)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024

The Toddler group 'Catkins' operates from the Wallis Hall to allow for more space and greater numbers of parents and children to attend. This is very successful and now at full capacity. The Forest School toddler group continues to be a great success.

FINANCIAL REVIEW

Financial position

Nursery numbers have grown throughout the year and the Directors are confident we can look forward to a secure future.

Reserves policy

Expenditure in the year is carefully managed to support the key objectives of the charity, as described above. It is the policy of the charity to maintain sufficient unrestricted funds, which are the free reserves of the charity, at a level that allows the charity to be managed efficiently and to provide a buffer for uninterrupted services. The Trustees continue to review the three-year strategy document "Forward Together" on an on-going basis.

PRINCIPLE FUNDING SOURCES

The main recurring source of income is from nursery fees and nursery grant from East Sussex. Total income of £1,023,819 was received from this source.

There were no donations and fund-raising income received during the year.

EXPENDITURE

Expenditure incurred related to the expenses of the establishment and operation of the nursery. The major item of expenditure is staff salaries.

Services have been provided to the charity without charge by a number of members and other people. The services provided by volunteers are not included in the accounts. These are gratefully acknowledged.

FUNDS IN DEFICIT

Ongoing overheads will be reduced in the coming years, with the lease being fully depreciated, going forward positive reserves are therefore expected to be generated.

FUTURE PLANS

The Directors will continue to work towards maximum viable occupancy and facilitate the growth and continued take up of nursery places particularly by taking more under 2s, and by marketing the excellent facilities we enjoy on site.

We will continue to seek to achieve even better levels of success in respect of the Early Years Foundation Stage, to continue to make Charters Ancaster Nursery and Forest School a caring and loving place for our children and to provide as wide a range of opportunities for learning, development and play as possible.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Page 4

CHARTERS-ANCASTER COLLEGE (1995)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Risks are identified, assessed and controls established throughout the year.

The key controls used by the charity include:

Through the risk management processes established for the charitable company, the council are satisfied that the major risks identified have been adequately mitigated where necessary. It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed.

Approved by order of the board of trustees on 27/06/2025 and signed on its behalf by:

....................................................................

Mr M J Crump - Trustee

Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHARTERS-ANCASTER COLLEGE (1995)

Independent examiner's report to the trustees of Charters-Ancaster College (1995) ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2024.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I 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 matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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 to enable a proper understanding of the accounts to be reached.

Deborah Hargreaves The Institute of Chartered Accountants in England and Wales

Acuity Professional Partnership LLP Unit 2.02 High Weald House Glovers End Bexhill East Sussex TN39 5ES

Date: 27/06/2025

Page 6

CHARTERS-ANCASTER COLLEGE (1995)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2024

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
4
Nursery and Forest School
Investment income
3
Total
EXPENDITURE ON
Raising funds
Other trading activities
5
Charitable activities
6
Nursery and Forest School
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
272
977,891
9,599
987,762
-
-
1,011,927
1,011,927
(24,165)
(13,563)
(37,728)		 Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
-		 2024
Total
funds
£
272
977,891
9,599
987,762
-
-
1,011,927
1,011,927
(24,165)
(13,563)
(37,728)		 2023
Total
funds
£
159
942,805
9,599
952,563
4,504
4,504
891,032
895,536
57,027
(70,590)
(13,563)

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 7

CHARTERS-ANCASTER COLLEGE (1995)

STATEMENT OF FINANCIAL POSITION 31 AUGUST 2024

Notes
FIXED ASSETS
Tangible assets
12
CURRENT ASSETS
Debtors
13
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
14
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
15
NET ASSETS
FUNDS
19
Unrestricted funds
TOTAL FUNDS		 2024
£
8,852
11,375
70,884
82,259
(44,257)
38,002
46,854
(84,582)
(37,728)
(37,728)
(37,728)		 2023
£
9,024
59,200
40,585
99,785
(29,490)
70,295
79,319
(92,882)
(13,563)
(13,563)
(13,563)

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 8

CHARTERS-ANCASTER COLLEGE (1995)

STATEMENT OF FINANCIAL POSITION - continued 31 AUGUST 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 2F/O6/2O2S and were signed on its behalf by:

............................................. Mr M J Crump - Trustee

The notes form part of these financial statements

Page 9

CHARTERS-ANCASTER COLLEGE (1995)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2024

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Finance costs paid
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Net cash used in investing activities
Cash flows from financing activities
Loan repayments in year
Net cash used in financing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2024
£
44,764
(1,295)
(2,560)
40,909
(2,310)
(2,310)
(8,300)
(8,300)
30,299
40,585
70,884		 2023
£
28,472
(884)
(4,184)
23,404
(2,214)
(2,214)
(6,000)
(6,000)
15,190
25,395
40,585

The notes form part of these financial statements

Page 10

CHARTERS-ANCASTER COLLEGE (1995)

NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2024

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Interest paid
Finance costs
Decrease/(increase) in debtors
Increase in creditors
Net cash provided by operations		 2024
£
(24,165)
2,482
1,295
2,560
47,825
14,767
44,764		 2023
£
57,027
2,224
884
4,184
(40,252)
4,405
28,472

2. ANALYSIS OF CHANGES IN NET DEBT

At 1.9.23 Cash flow At 31.8.24
£ £ £
Net cash
Cash at bank and in hand 40,585 30,299 70,884
40,585 30,299 70,884
Debt
Debts falling due after 1 year (92,882) 8,300 (84,582)
(92,882) 8,300 (84,582)
Total (52,297) 38,599 (13,698)

The notes form part of these financial statements

Page 11

CHARTERS-ANCASTER COLLEGE (1995) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

1. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

INCOME

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

EXPENDITURE

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold - Straight line over 5 years Fixtures and fittings - 20% on cost and 15% on reducing balance

TAXATION

The charity is exempt from corporation tax on its charitable activities.

FUND ACCOUNTING

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

Page 12

CHARTERS-ANCASTER COLLEGE (1995)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024

2.
DONATIONS AND LEGACIES
Grants
Grants received, included in the above, are as follows:
Coronavirus Job Retention Scheme Grant
3.
INVESTMENT INCOME
Rents received
4.
INCOME FROM CHARITABLE ACTIVITIES
Activity
School fees
Nursery and Forest School
Meals
Nursery and Forest School
Sundry income
Nursery and Forest School
5.
OTHER TRADING ACTIVITIES
Uniforms
6.
CHARITABLE ACTIVITIES COSTS
Direct
Costs
£
Nursery and Forest School
1,008,631		 2024
£
272		 2024
£
272		 2023
£
159
2023 2022
£ £
- 1,631
2024
£
9,599
2024
£
975,210
-
2,681
977,891
2024
£
-
Support
costs (see
note 7)
£
3,296		 2023
£
9,599
2023
£
936,645
4,108
2,052
942,805
2023
£
4,504
Totals
£
1,011,927

continued...

Page 13

CHARTERS-ANCASTER COLLEGE (1995)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024

7. SUPPORT COSTS

SUPPORT COSTS
Governance
costs
£
Nursery and Forest School 3,296

Fees of £2,820 (2023 - £2,280) were payable to the charity's independent examiner for the independent examination of the charity's accounts.

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
£ £
Depreciation - owned assets 2,482 2,224
Hire of plant and machinery 1,190 1,512
Other operating leases 32,000 32,000

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023.

TRUSTEES' EXPENSES

There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023.

10. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2024
£
775,629
41,844
10,384
827,857		 2023
£
669,433
32,036
8,553
710,022

The average monthly number of employees during the year was as follows:

2024 2023
Office and administration 51 44

No employees received emoluments in excess of £60,000.

continued...

Page 14

CHARTERS-ANCASTER COLLEGE (1995)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024

11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
159
Charitable activities
Nursery and Forest School
942,805
Investment income
9,599
Total
952,563
EXPENDITURE ON
Raising funds
Other trading activities
4,504
4,504
Charitable activities
Nursery and Forest School
891,032
Total
895,536
NET INCOME
57,027
RECONCILIATION OF FUNDS
Total funds brought forward
(70,590)
TOTAL FUNDS CARRIED FORWARD
(13,563)		 Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
-		 Total
funds
£
159
942,805
9,599
952,563
4,504
4,504
891,032
895,536
57,027
(70,590)
(13,563)

continued...

Page 15

CHARTERS-ANCASTER COLLEGE (1995)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024

12. TANGIBLE FIXED ASSETS

Short
leasehold
£
Cost
At 1 September 2023
470,164
Additions
-
At 31 August 2024
470,164
Depreciation
At 1 September 2023
470,164
Charge for year
-
At 31 August 2024
470,164
Net book value
At 31 August 2024
-
At 31 August 2023
-
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Social security and other taxes
Other creditors
Net Wages
Accruals and deferred income		 Fixtures
and
fittings
£
98,370
2,310
100,680
89,346
2,482
91,828
8,852
9,024
2024
£
11,375
2024
£
9,599
16,312
114
18,232
44,257		 Totals
£
568,534
2,310		 Totals
£
568,534
2,310
570,844
559,510
2,482
561,992
8,852
9,024
2023
£
59,200
2023
£
10,102
16,322
114
2,952
29,490

continued...

Page 16

CHARTERS-ANCASTER COLLEGE (1995)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024

15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE THAN ONE YEAR
2024 2023
£ £
Other loans (see note 16) 84,582 92,882
16. LOANS
An analysis of the maturity of loans is given below:
2024 2023
£ £
Amounts falling due between two and five years:
Other loans - 2-5 years 84,582 92,882
17. SECURED DEBTS
The mortgage is secured against the short leasehold property of the charitable company.
18. ANALYSIS OF NET ASSETS BETWEEN FUNDS
2024 2023
Unrestricted Restricted Total Total
fund fund funds funds
£ £ £ £
Fixed assets 8,852 - 8,852 9,024
Current assets 82,259 - 82,259 99,785
Current liabilities (44,257) - (44,257) (29,490)
Long term liabilities (84,582) - (84,582) (92,882)
(37,728) - (37,728) (13,563)
19. MOVEMENT IN FUNDS
Net
movement At
At 1.9.23 in funds 31.8.24
£ £ £
Unrestricted funds
General fund (13,563) (24,165) (37,728)
TOTAL FUNDS (13,563) (24,165) (37,728)

continued...

Page 17

CHARTERS-ANCASTER COLLEGE (1995)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024

19. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS
Comparative net movement in funds, included in the above are
Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
987,762
987,762
At 1.9.22
£
(70,590)
(70,590)
as follows:
Incoming
resources
£
952,563
952,563		 Resources
expended
£
(1,011,927)
(1,011,927)
Net
movement
in funds
£
57,027
57,027
Resources
expended
£
(895,536)
(895,536)		 Movement
in funds
£
(24,165)
(24,165)
At
31.8.23
£
(13,563)
(13,563)
Movement
in funds
£
57,027
57,027

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.9.22 in funds 31.8.24
£ £ £
Unrestricted funds
General fund (70,590) 32,862 (37,728)
TOTAL FUNDS (70,590) 32,862 (37,728)

continued...

Page 18

CHARTERS-ANCASTER COLLEGE (1995)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024

19. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
1,940,325
1,940,325		 Resources
expended
£
(1,907,463)
(1,907,463)		 Movement
in funds
£
32,862
32,862

20. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2024.

21. CONTINGENT LIABILITIES

The lease for the school at Woodsgate Place, Bexhill on Sea is for a period of twenty years from 20th May 1996. Open market rent is payable with reviews every 5 years. The lease was renewed in 2016 for a five year term. There is a contingent liability which cannot be quantified for the cost of repairs during the lease.

22. DEFERRED INCOMING RESOURCES

Deferred incoming resources comprise fees received in advance.

23. GOING CONCERN

The school is reliant on the continued support of the parents, its bankers and other benefactors. Currently there is no indication that this support will change adversely over the next twelve months.

Page 19

CHARTERS-ANCASTER COLLEGE (1995)

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024

Unrestricted
funds
£
INCOME AND ENDOWMENTS
Donations and legacies
Grants
272
Investment income
Rents received
9,599
Charitable activities
School fees
975,210
Meals
-
Sundry income
2,681
977,891
Total incoming resources
987,762
EXPENDITURE
Other trading activities
Uniforms
-
Charitable activities
Wages
775,629
Social security
41,844
Pensions
10,384
Hire of plant and machinery
1,190
Other operating leases
32,000
Rates and water
10,948
Insurance
3,149
Light and heat
17,028
Telephone
3,644
Advertising
2,964
Books and stationery
2,073
Cleaning
14,675
Cost of food
30,021
Repairs and maintenance
47,722
Subscriptions
9,023
Depreciation of tangible fixed assets
2,482
Bank charges
1,295
Professional
2,560
1,008,631		 Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 2024
Total
funds
£
272
9,599
975,210
-
2,681
977,891
987,762
-
775,629
41,844
10,384
1,190
32,000
10,948
3,149
17,028
3,644
2,964
2,073
14,675
30,021
47,722
9,023
2,482
1,295
2,560
1,008,631		 2023
Total
funds
£
159
9,599
936,645
4,108
2,052
942,805
952,563
4,504
669,433
32,036
8,553
1,512
32,000
10,080
5,350
15,779
4,684
3,784
2,056
9,086
47,583
32,333
4,633
2,224
884
4,184
886,194

This page does not form part of the statutory financial statements

Page 20

CHARTERS-ANCASTER COLLEGE (1995)

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024

Unrestricted
funds
£
Support costs
Other
Sundry expenses
-
Governance costs
Independent examiners fee
2,904
Bookkeeping
392
3,296
Total resources expended
1,011,927
Net income
(24,165)		 Restricted
funds
£
-
-
-
-
-
-		 2024
Total
funds
£
-
2,904
392
3,296
1,011,927
(24,165)		 2023
Total
funds
£
1,186
2,892
760
3,652
895,536
57,027

This page does not form part of the statutory financial statements

Page 21