2024-08-31-accounts - Altrincham Grammar School Developments Limited

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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 2024

Registered Number for the Register of Companies: 3454310 Also Registered with the Charity Commission 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 2024 Registered Number for the Register of Companies: 3454310

Charity Commission Number: 1071870

1. Introduction

The Trustees of Altrincham 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 is a registered company limited by guarantee. It is also registered as a Charity. (The Charity was entered in the Central Register of Charities with the Charity Commission for England and Wales on 7[th] October 1998).

The Trustees as a corporate body are entitled to appoint additional trustees.

The accounting period for the Company ends annually on 31 August.

2. Principal activity and status of the Company

The principal address of the Company is c/o Altrincham 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 Registrar of Companies for England and Wales that state the principal activity as follows:

The Charity’s objects are to maintain 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 fulfilling and active life within buildings and grounds fit for such purposes.

AND

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.

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3. Trustees of the Charity

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 R J Green Mr S Sadler Mr G Wright Mr T Shennan

4. Objectives and Review of Out-turn for the Year

The Trustees are saddened to report that after almost 28 years the decision has been taken for the Charity to cease collections, with this now being taken over by Altrincham Grammar School for Boys (“the School”). The last collection was made in April 2024, with the final year of collections achieving a surplus of income over expenditure of £45,396 leaving reserves carried forwards of £328,092 being solely made up of cash in the bank or on deposit.

Income, including tax recovery, amounting to £40,111 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 and the cash balance will continue to be invested until the School have a suitable project, or projects, requiring investment.

S Sadler Company Secretary 30 May 2025

On behalf of the board of trustees

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ALTRINCHAM GRAMMAR SCHOOL DEVELOPMENTS LIMITED

STATEMENT OF TRUSTEES’ FINANCIAL RESPONSIBILITIES

For the year ended 31 August 2024

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure the financial statements comply with the requirements of the Registrar for Companies and the Charity Commission. They are also 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 accounting 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 unless 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 Company, 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 (or 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.

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ALTRINCHAM GRAMMAR SCHOOL DEVELOPMENTS LIMITED Statement of Financial Activities: Year ended 31 August 2024

Note Income Memberships 5 Donations School Fund PFA Lotto Tax Recovery Interest Total Income Expenditure School Fund PFA Lotto Administrative Services Total Expenditure Excess of Income over Expenditure Guarantors' funds Balance brought forward Surplus for year ended 31st August Grants to Altrincham Grammar School for Boys 4 Balance C/Forward to Next Year	Year ended 31 August 2024 31 August 2023 £ £ 48,419 27,884 365 - 22,986 14,473 3,413 2,813 15,699 11,157 7,550 3,541 89,319 59,978 36,533 18,371 3,578 2,864 3,812 1,963 43,923 23,198 45,396 36,780 282,696 392,384 45,396 36,780 - (146,468) 328,092 282,696	Year ended 31 August 2024 31 August 2023 £ £ 48,419 27,884 365 - 22,986 14,473 3,413 2,813 15,699 11,157 7,550 3,541 89,319 59,978 36,533 18,371 3,578 2,864 3,812 1,963 43,923 23,198 45,396 36,780 282,696 392,384 45,396 36,780 - (146,468) 328,092 282,696
		59,978 18,371 2,864 1,963
		23,198
		36,780
		392,384 36,780 (146,468)
		282,696

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ALTRINCHAM GRAMMAR SCHOOL DEVELOPMENTS LIMITED

Balance Sheet as at 31 August 2024

Balance Sheet as at 31 August 2024
		2024	2023
	Note	£	£
Current Assets
Sundry Debtors and Prepayments	2	-	51,820
Cash and bank balances		328,092	251,506
		338,092	303,325
Current Liabilities
Creditors falling due within one year	3	-	20,629
Net Current Assets		328,092	282,696
Funds
General Funds (unrestricted)		328,092	282,696

We confirm that under the issued Certificate of Non-Trading, that the Company 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:

(i) ensuring the company keeps accounting records which comply with Section 386 of the Act; (ii) 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 financial year in accordance 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 company.

The Trustees have taken advantage in the preparation of these financial statements of the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements for the company, registered number 3454310, were approved by the board of trustees on 30 May 2025 and signed on its behalf by

R J RUSSEL-FISHER G WRIGHT 30 May 2025 30 May 2025 On behalf of the board of trustees On behalf of the board of trustees

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ALTRINCHAM GRAMMAR SCHOOL DEVELOPMENTS LIMITED

NOTES TO THE ACCOUNTS

for the year ended 31 August 2024

1. Principal accounting policies

Basis of accounting

The accounts have been prepared in accordance with applicable accounting standards and the statement of recommended practice on accounting 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. 1 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

Incoming resources are credited to the Statement of Financial Activities when received.

2.	Debtors	2024	2023
	Prepayments and accrued income	-	51,820

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 School Fund & PFA Other external creditors 4. Grants Roof Repairs Coleman Hall Refurbishment Sport4All	2024 - - - 2024 - - - -	2023 20,525 104
		20,629
		2023 31,468 15,000 100,000
		146,468

5. Membership

Membership of the Company was invited with effect from 1[st] September 1998 within the following categories:

Corporate Membership Family Membership Staff Membership Alumni Membership Associate Membership (not conferring voting rights)

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6. Members 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 (including 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 Payments and Allowances

There was no ex-gratia payment of allowances to Trustees.

8. 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 capital expenditure

No capital 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

Adequate (but not excessive) 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 assets other than those disclosed in the financial statements.

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.

12. Going Concern

The Company has adequate resources to continue operating for the foreseeable future.

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Report of the Independent Examiner to the Trustees of:

Altrincham Grammar School Developments 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

This report covers the accounts of the Trust for the year ended 31 August 2024.

Respective responsibilities 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 145(1) of the Charities Act 2011 and that section 144(1) (audit) of the Charities 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 report

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 requirements of the 2008 Regulations including preparation in accordance with Statement of Recommended Practice and Reporting (SORP) 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.

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Independent examiner's statement

There have been no matters identified or have come to my attention as part of the examination

(1) which gives me reasonable cause to believe that in any material 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.
(2) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

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Victoria Hawkins CIMA 15 May 2025
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