ALTRINCHAM GRAMMAR SCHOOL DEVELOPMENTS LIMITED (a company limited by guarantee) REGISTERED OFFICE.. 25 Egerton Drive, Hale, Cheshire, WA15 8EF FINANCIAL STATEMENTS for the year ended 31 August 2023 Registered Numberfor the Register of Companies: 3454310 Also Registered with the Charity Commlssion Number: 1071870 ALTRINCHAM GRAMMAR SCHOOL DEVELOPMENTS LIMITED (a company limited by guarantee) REGISTERED OFFICE: 25 Egerton Drive, Hale, Cheshire, WA15 8EF ANNUAL REPORT OF THE TRUSTEES for the year ended 31 August 2023 Reglstered Number forthe Register of Companies: 3454310 Charity Commission Number: 1071870 Introduction The Trustees of Altrinthèm Grammar School Developments Limited present their Annual Report on the affairs of the Company together with the Abbreviated Accounts for the year ended 31 August 2023. Altrincham Grammar School Developments Limited 15 a registered company limited by guarantee. It is also registered as a Charity. (The Charity was entered in the Centr31 Register of Charities with the Charity Commission for England and Wales on 7, October 19981. The Trustees as a corporate body are entitled to appoint additional trustees. The accounting period for the Company ends annually on 31 August. Principal activity and status of the Company The principal address of the Company is c/0 Altrinch3m Grammar School for Boys, Marlborough Road, Bowdon, Altrincham, Cheshire, WA14 2RS. The Company was incorporated on the 23 October 1997 under the Companies Act 1985 and 1989 as a private, non-trading company. The Company does not have a share capital. Memorandum and Articles of Association were presented to the Re8lStrar of Companies for England and Wales that state the principal activity as follows- The Charity's objects are to maint3in and support Altrincham Grammar School for Boys and any successor establishment the objects of which are to advance learning and knowledge by teaching, promoting and supporting the academic achievements of its pupils, providing and supporting a range of extra-curricular activities and preparing Its pupils and students for a fLJlfilling and artive life within buildings and grounds fit for such purposes. AND Page2of8 To maintain and support the provision of selective Grammar School education for boys aged between eleven and eighteen in the town of Altrincham and its environs. Trustees of the Charlty The Annual Gener21 Meeting of Trustees and Members was held on 23 May 2023 at which the following Trustees of the Company were duly appointed- Mr R J Green Ire-appointedl Mr S Sadler Ire-appointedl The membership of the trustees of the Charity at the Balance Sheet date being.. Mr R J Russel-Fisher (duly elected Chairman of Trustees) Mr V W Bennett Iresigned 23 May 231 Mr 5 1 W Perrett (resigned 23 May 231 Mr R l Green Mr S Sadler Mr G Wright MrTShennan Objectives and Review of Out-turn for the Year The Trustees are pleased to report a successful year and to announce a surplus of income over expenditure of £23,198. This 15 down on prior year due to technical issues preventing collections from donors for a part of the year. During the year grants amounting to £146,468 were made to Altrincham Grarnmar School for Boys, leaving reserves carried forward of £282,696. Income, including tax recovery, amounting to £21,235 was collected in respect of the AGSB School Fund and the PFA Lotto Fund. The Trustees have made no commitments for the company to provide support to the School for any projects, as at the Balance Sheet date. S Sadler Company Secretary 23 May 2023 On behalf of the board of trustees Page3of8 ALTRINCHAM GRAMMAR SCHOOL DEVELOPMENTS LIMITED STATEMENT OF TRUSTEES, FINANCIAL RESPONSIBILITIES For the year ended 31 August 2023 The Trustee5 are responsible for keeping proper accounting records that disclose with reasonable accurary at any time the financial position of the Company and enable them to ensure the financial statements comply with the requirement5 of the Registrar for Companies and the Charity Commission. They are a150 responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In preparing the financial statements of the Company the Trustees are required to.. select suitable and consistent 3ccounting policies and apply those policies consistently. make judgements and estimates that are reasonable and prudent,. and prepare the financial statements on the going concern basis unle55 It is inappropriate to presume that the Company will continue in operation. In particular Trustees are required to.. ensure the efficient, economical and effective management of the resources and expenditure of the Companv, including funds, capital assets and staff,. ensure that financial considerations are taken fully into account in reaching decisions and in their execution.. prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Company and of the surplus lor deficit) of the Company for that year,. prepare those financial statements in accordance with the Financial Reporting Requirements of the Registrar of Companies and the Charity Commission in respect of the relevant financial year. Page4of8 ALTRINCHAM GRAMMAR SCHOOL DEVELOPMENTS LIMITED Statement of Financial Activlties: Year ended 31 August 2023 Year ended 31 August 31 August 2023 2022 Note Income Memberships Donations School Fund PFA Lotto 27,884 75,487 2,000 40,600 7,168 26,489 300 14,473 2,813 11,157 Tax Recovery Photographs Interest 3,541 59,978 226 Total Income 152,270 Empendlture School Fund PFA Lotto Administrative Service5 18,371 2,864 1,963 49,683 7,387 1,311 Total Expendlture 23,198 58,381 Excess of Income over Expenditure 36,780 93,889 Guarantors, funds Balance brought forward Surplus for year ended 31st August Grants to Altrincham Grammar School for Boys 392,384 36,780 1146,4681 319,747 93,889 121,2521 Balance CIForward to Next Year 282,696 392,384 Page5of8 ALTRINCHAM GRAMMAR SCHOOL DEVELOPMENTS LIMITED Balance Sheet as at 31 Au8USt 2023 2023 2022 Note Current Assets Sundry Debtors and Prepayments Cash and bank balances 51,820 251,506 40,662 373,525 303,325 414,187 Current Liabilttles Cr£ditors fèllpfig due within one year 20,629 21,803 Net Current Assets 282,696 392,384 Funds General Funds lunrestrictedl 282,696 392,384 We confirm that under the issued Certificate of Non-Trading, that the Compèny has not traded for profit since its date of incorporation. We confirm the company is entitled to exemption under S477 of the Companies Act 2006 from the requirement to be audited. No notice under S476 of the Act has been deposited by members in relation to the accounts for the financial year. We acknowledge our responsibility as trustees for.. ensuring the company keeps accountir>g records which comply with Section 386 of the Act; preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its income and expenditure for the finarTrcial year in accordènce with the requirements of section 393, and which otherwise comply with the requirements of the Act relating to accounts, so far as applicable to the companv. The Trustees have taken advantage in the preparation of these financial statements of the special provisions of Part IS of the Companies Act 2006 relating to small companies. The financial statements for the company, registered number 3454310, were approved by the board of trustee5 on 23 May 2023 and signed on its behalf by R J RUSSEL-FISHER 22 May 2024 On behalf of the board of trustees G WRIGHT 22 May 2024 On behalf of the board of trustees Page6of8 ALTRINCHAM GRAMMAR SCHOOL DEVELOPMENTS UMITED NOTES TOTHE ACCOUNTS for the year ended 31 August 2023 l. Principal accounting policies Basis of accounting The accounts have been prepared in accordance with applicable accounting standards and the statement of recommended practice on a£counting by Charities and in accordance with the historical cost convention. Cash flow statement The company has taken advantage of the exemption from preparing a cash flow statement conferred by Financial Reporting Standard No. l on the grounds that it is entitled to the exemptions available in section 381 to 382 of the Companies Act 2006 for small companies. Incoming Resources Incomirsg resouTces are credited to the St2tement of Financial Activitie5 when received. 2. Debtors 2023 2022 Prepayments and accrued income 51,820 40,662 All amounts fall due within one year. Adequate provision has been made against all amounts owing which may not be recoverable in full. 3. Creditors 2023 2022 School Fund & PFA Other external creditors 20,525 104 20,629 21,304 499 21,803 4. Grant5 2023 2022 Oecant Project Roof Rep3irs Coleman Hall Refurbishment Sport4AII 21,252 31,468 15,000 100.000 146,468 21,252 5. Membership Membership of the Company was invited with effect frorn I" September 1998 within the following categories.. Corporate Membership Family Membership Staff Membership Alumni Membership Associate Membership (not conferring voting rightsl Page7of8 6. Member5 Guarantee The liability of the members is limited by guarantee to £10. 7. Trustees 7.1.Trustees and Related Staff The Company has had at no time during the year any arrangement. transaction or agreement to provide credit facilities lincluding loans, quasi-loans or credit transactions) for Trustees or other staff working on behalf of the company nor to guarantee or provide security for such matters, except as disclosed in the financial statements. 7.2.Ex-gratia Payment5 and Allowances There was no ex-gratia payment of allowances to Trustees. Value Added Taxation The Company is not registered for Value Added Tax All amounts in the financial statements are shown inclusive of Value Added Tax. 9. Fixed Assets 9.1. Future tapital expendlture No tapit31 expenditure had been authorised and/or committed at the accounting date. 9.2. Charges on Assets All assets included in the financial statements were owned by the Company free from any charge, lien or other encumbrance except as disclosed in the financial statements. 10. Liabilities and Provisions Actequate Ibut not excessivel provision has been made for all liabilities at the accounting date and all material losses expected to rise from legal action and claims etc. There were no contingent liabilities or a55ets other than those disclosed in the financivl staitiments. 11. Post Balance Sheet Events There have been no events since the balance sheet date that necessitates revision of the figures included in the financial statements or inclusion of a note thereto. Subsequent to the year end, the Trustees took the decision to cease collections from April 2024 and wind the charity down. 12. Going Concern The Company has adequate resource5 to continue operating for the foreseeable future. PageSof8 Report of the Independent Emamlner to the Trustees 01: Altrincham Grammar School Developnients Ltd 25 Egerton Drive Hale Cheshire WA15 8EF This examination was carried out by: Victoria Hawkins 17 Charolais Crescent Lightwood Stoke on Trent ST3 4TD Thi5 report covers the account5 of the Trust for the year ended 31 Atjgust 2023. Respectlve re5ponsibilltles of Trustees and Examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 14511) of the Charities Act 2011 and that section 14411) lauditl of the Charitie5 Act 2011 does not apply to the charity. The procedures for an examination do not require that an opinion by given as to whether the accounts present a 'true and fair view, and the report is limited to my responsibility to.. to examine the accounts under section 145 of the 2011 Act.. to follow the procedure in accordance within the guidance from the Charity Commission on Charity reporting and accounting March 2015 and to state whether particular matters have come to my attention Basis of Independent Examiner's rèport My examination was carried out in accordance with the guidance from the Charity Commission on Charity reporting. The basis of the examination has included: A review of the accounting records maintained in accordance with section 130 of the Charities Act 2011 Comparison of the accounts of the charity with the charity's accounting records to provide reasonable basis On which to decide whether the accounts are in accordance with such accounting records Determination that the accounts prepared under Section 132 of the Charities Act 2011 comply with the form and content reqijirements of the 2008 Regulations including preparation in accordance with Statement of Recommended Practice and Reporting ISORPI by Charities. Comparison of the accounts to financial references in the charity trustees, annual report to ensure proper and accurate understanding of the charity's accounts. Independent examiner's statement There have been no matter5 identified or have come to my attention as part of the examination 111 which gives me ieasonable cause to believe +hht in any maierial respect the requirements.. to keep accounting records in accordance with section 130 of the 2011 Act,. and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met. 121 To wlkh, in my opinion, attention should be drawn in order to enable a proper undqrstandinÉ of the accounts to be reached. Wirtoria Hawklns CIMA 15 April 2024