| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 3 |
| Independent Examiner's Report | 4 |
| Statement ofFinancial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7to 13 |
| Trustees | R Billings |
|---|---|
| J Turner | |
| D Harris | |
| Principal Office | The Towers School Academy Trust |
| Faversham Road | |
| Kennington | |
| Ashford | |
| Kent | |
| TN24 9AL | |
| Charity Registration Number | 1098041 |
| Bankers | National Westminster Bank pie |
| 20 High Street | |
| Ashford | |
| Kent | |
| TN24 8SH | |
| Independent Examiner | Michael Wood FCA |
| Michael Wood | |
| Chartered Accountants | |
| Suite G | |
| 1 Elwick Road | |
| Ashford | |
| Kent | |
| TN23 1PD |
2024 |
|||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | ||
| funds | funds | funds | 2024 |
||
| Note | £ | £ | £ | £ | |
| Income and Endowments from: | |||||
| Donations and legacies | 3 | 109,073 | 717 | 109,790 | |
| Othertrading activities | 6 | 5,356 | 5,356 | ||
| Investment income | 7 | 233 | 233 | ||
| Total Income | 114,662 | 717 | 115,379 | ||
| Expenditure on: | |||||
| Raising funds | 8 | 1,968 | 1,968 | ||
| Charitable activities | 9 | 103,771 | 205 | 103,976 | |
| Other expenditure | 326 | 326 | |||
| Total Expenditure | 105,739 | 531 | 106,270 | ||
| Net movement in funds | 8,923 | 186 | 9,109 | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 20,196 | 39,223 | 12,821 | 72,240 | |
| Total funds carried forward | 16 | 29,119 | 39,409 | 12,821 | 81,349 |
2023 |
|||||
| Unrestricted | Restricted | Endowment | Total | ||
| funds | funds | funds | 2023 |
||
| Note | £ | £ | £ | £ | |
| Income and Endowments from: | |||||
| Donations and legacies | 59,285 | 465 | 59,750 | ||
| Othertrading activities | 4,793 | 4,793 | |||
| Total Income | 64,078 | 465 | 64,543 | ||
| Expenditure on: | |||||
| Raising funds | 4,043 | 4,043 | |||
| Charitable activities | 46,455 | 385 | 46,840 | ||
| Other expenditure | 280 | 280 | |||
| Total Expenditure | 50,498 | 665 | 51,163 | ||
| Net movement in funds | 13,580 | (200) | 13,380 | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 6,616 | 39,423 | 12,821 | 58,860 | |
| Total funds carried forward | 16 | 20,196 | 39,223 | 12,821 | 72,240 |
| 2024 | 2023 | ||
|---|---|---|---|
| Note | £ | £ | |
| current assets | |||
| Cash at bank and in hand | 82,747 | 73,572 | |
| Creditors: Amounts falling due within one year | 14 | 1,398) | 1,332) |
| Net assets | 81,349 | 72,240 | |
| Funds of the charity: | |||
| Endowment funds | 12,821 | 12,821 | |
| Restricted funds | 39,409 | 39,223 | |
| Unrestricted income funds | |||
| Unrestricted funds | 29,119 | 20,196 | |
| Total funds | 16 | 81,349 | 72,240 |
| Unrestricted | ||||
|---|---|---|---|---|
| funds | ||||
| Restricted | Total | Total | ||
| General | funds | 2024 |
2023 |
|
| £ | £ | £ | £ | |
| School journeys (see note 4) | 54,635 | 54,635 | 15,325 | |
| Activities and dayvisits (see note 5) | 53,026 | 53,026 | 42,682 | |
| Donations | 1,412 | 717 | 2,129 | 1,743 |
| 109,073 | 717 | 109,790 | 59,750 |
| Unrestricted | ||||
|---|---|---|---|---|
| funds | ||||
| Restricted | Total | Total | ||
| General | funds | 2024 |
2023 |
|
| £ | £ | £ | £ | |
| Stationery and book sales | 2,983 | 2,983 | 4,434 | |
| Uniform sales | 2,373 | 2,373 | 359 | |
| 5,356 | 5,356 | 4,793 |
| Unrestricted | |||||||
|---|---|---|---|---|---|---|---|
| funds | |||||||
| Restricted | Total | Total | |||||
| General | funds | 2024 | 2023 | ||||
| Note | £ | £ | £ | £ | |||
| Stationery and book purchases | 3,861 | ||||||
| Uniform purchases | 1,968 | 1,968 | 182 | ||||
| 1,968 | 1,968 | 4,043 | |||||
| 9 | Expenditure on charitable activities | ||||||
| Unrestricted | |||||||
| funds | |||||||
| Restricted | Total | Total | |||||
| General | funds | 2024 | 2023 | ||||
| Note | £ | £ | £ | £ | |||
| School journeys | 4 | 43,278 | 43,278 | 1,800 | |||
| Activities and dayvisits | 5 | 57,943 | 57,943 | 42,421 | |||
| Bank charges | 1,152 | 1,152 | 874 | ||||
| Sundry charitable expenditure | 205 | 205 | 413 | ||||
| Governance costs | 10 | 1,398 | 1,398 | 1,332 | |||
| 103,771 | 205 | 103,976 | 46,840 |
| Unrestricted | |||||||
|---|---|---|---|---|---|---|---|
| funds | |||||||
| Restricted | Total | Total | |||||
| General | funds | 2024 | 2023 | ||||
| £ | £ | £ | £ | ||||
| Independent | examiner's | fees | 1,398 | 1,398 | 1,332 | ||
| 1,398 | 1,398 | 1,332 |
| 16 Funds | |||||
|---|---|---|---|---|---|
| Balance at 1 | |||||
| September | Incoming | Resources | Balance at 31 | ||
| 2023 | resources | expended | Transfers | August 2024 | |
| £ | £ | £ | £ | £ | |
| Unrestricted funds | |||||
| General | 20,196 | 114,662 | (105,739) | 29,119 | |
| Restricted funds | 39,223 | 717 | 531) | 39,409 | |
| Endowment funds | |||||
| Permanent | 12,821 | 12,821 | |||
| Total funds | 72,240 | 115,379 | (106,270) | 81,349 | |
| Balance at 1 | |||||
| September | Incoming | Resources | Balance at 31 | ||
| 2022 | resources | expended | Transfers | August 2023 | |
| £ | £ | £ | £ | £ | |
| Unrestricted funds | |||||
| General | 6,616 | 64,078 | 50,498) | 20,196 | |
| Restricted funds | 39,423 | 465 | (665) | 39,223 | |
| Endowment funds | |||||
| Permanent | 12,821 | 12,821 | |||
| Total funds | 58,860 | 64,543 | 51,163) | 72,240 |
| 2024 | ||||
|---|---|---|---|---|
| Unrestricted | Endowment | |||
| funds | funds | |||
| Restricted | ||||
| General | funds | Permanent | Total funds | |
| £ | £ | £ | £ | |
| Current assets | 30,517 | 39,409 | 12,821 | 82,747 |
| Current liabilities | 1,398) | 1,398) | ||
| Total net assets | 29,119 | 39,409 | 12,821 | 81,349 |
| 2023 | ||||
| Unrestricted | Endowment | |||
| funds | funds | |||
| Restricted | ||||
| General | funds | Permanent | Total funds | |
| £ | £ | £ | £ | |
| Current assets | 21,528 | 39,223 | 12,821 | 73,572 |
| Current liabilities | 1,332) | 1,332) | ||
| Total net assets | 20,196 | 39,223 | 12,821 | 72,240 |
| **Incoming ** | Resources | |
|---|---|---|
| **resources ** | expended | |
| £ | £ | |
| Year ended 31 August 2024 | ||
| Cheerleading Disneyland Trip 2023 | 4,475 | 16,178 |
| Disneyland Paris Trip 2024 | 12,975 | 2,350 |
| Ski Trip - Boi Taull 2025 | 37,185 | 24,750 |
| 54,635 | 43,278 | |
| Year ended 31 August 2023 | ||
| Cheerleading Disneyland Trip 2023 | 15,325 | 1,800 |
| **Incoming ** | Resources | |
|---|---|---|
| **resources ** | expended | |
£ |
S | |
| Year ended 31 August 2024 | ||
| AChristmas Carol 04December 2024 | 1,062 | |
| AChristmas Carol 2023 (1) | 480 | 929 |
| AChristmas Carol 2023 (2) | 480 | |
| A-LevelFrench Studies -Film&Literature Analysis | 150 | |
| AliceTrip | 156 | 174 |
| Art&PhotographyLondonLandmarks | 780 | 995 |
| Carters Restaurant | 235 | 420 |
| CCCU Health SuitesTrip | 360 | 360 |
| Cheer 2023-24- Package 1 | 3,755 | |
| Cheer 2023-24- Package 2 | 3,700 | |
| CheerAcademy ControlAccount | 682 | 13,344 |
| Dance Show | 637 | 232 |
| DirtyDancing | 245 | 170 |
| DittoX-Music Industry Event | 400 | 479 |
| Dr Semmelweis | 576 | 376 |
| ElectronMicroscopy Centre Visit | 120 | 120 |
| Emile DaleAcademy PartnerDay | 520 | 520 |
| Future CheerCompetition - SpectatorTickets (£15) | 45 | |
| Future CheerCompetition - SpectatorTickets (£,25) | 25 | |
| Future CheerCompetition - SpectatorTickets (£30) | 300 | |
| Future CheerCompetition - SpectatorTickets (£40) | 240 | |
| Future CheerCompetition - SpectatorTickets (£45) | 135 | |
| Future CheerCompetition - SpectatorTickets (£60) | 120 | |
| Future CheerCompetition - SpectatorTickets (£90) | 60 | |
| GCSEYear 10GeographyFieldTrip 2023 | 2,207 | |
| GCSEYear 10Geography FieldworkTrip 2024 | 220 | 220 |
| GoldDuke ofEdinburghAccommodation | 84 | |
| GoldDuke ofEdinburghQualifier | 234 | |
| JV Performance 15/03/2024 | 150 | |
| JV2 Performance 28/09/2023 | 120 | |
| KalpanaThakar Science Award | 15 | |
| Library | 148 | |
| Little BigThingsTheatre Trip | 700 | 700 |
| Move ItDance Trip | 1,542 | 1,542 |
| National PortraitGalleryYear 10 | 920 | 940 |
| OsmingtonBayAdventure Study 2024 | 1,110 | 1,110 |
| Pantomime 2023 -Aladdin | 4,245 | 2,255 |
| PerformingArts Control | 4,573 | 4,550 |
| Royal OperaHouse - Romeo&Juliet | 810 | |
| Shakepeare's Globe -A-Level English | 715 | 715 |
| ShrekThe Musical | 935 | 850 |
| SixthFormBluewaterTrip -NoSkating | 45 | |
| SixthFormBluewaterTrip -With Skating | 285 | 271 |
| StudentWelfare Fund | 3 | |
| TAS BowlingTrip | 14 | 14 |
| The Duke ofEdinburgh'sAward | 5,406 | 4,576 |
| Things Iknowto be True | 310 | 225 |
| VisualArts -Year 10Hospitality 2023-24 | 45 | |
| VisualArts Control | 4,665 | |
| VisualArtsMaterials 2023-24-Years 7 &8 | 3,978 | |
| WarhammerClub | 47 | |
| WestEndonDemand-Workshop &MammaMia | 2,270 | 2,250 |
| Year 11 Prom2023-24 | 6,908 | 6,844 |
| Year 11 PromPhotoPrepayment | 680 | 744 |
| Year 12 Careers Day -MorrisonWealthManagement | 76 | |
| Year 12 LondonBusinessTrip | 1,110 | 1,064 |
| Year 12 Thorpe Park 2024 | 1,799 | 1,739 |
| Year 13 LondonBusinessTrip | 304 | 305 |
| 53,026 | 57,943 |
| **Incoming ** | Resources | |
|---|---|---|
| resources | expended | |
| £ | £ | |
| Year ended 31 August 2023 | ||
| A Christmas Carol 2022 | 750 | |
| A Level Geography - Osmington Bay | 1,295 | 1,295 |
| AliceJasmin Vardimon Trip | 100 | |
| Carters Restaurant | 39 | 280 |
| CheerAcademy Control Account | 2,688 | 7,407 |
| Cheerleading 2022/23 Blue Package | 3,830 | |
| Cheerleading 2022/23 White Package | 2,670 | |
| Dance -JV2 Performance | 112 | 120 |
| Dance Show | 144 | 422 |
| Drama - A Christmas Carol | 425 | |
| Drama - Heathers The Musical | 525 | 553 |
| Drama - Dr Semmelweis | 200 | |
| Drama - Les Miserables | 1,465 | 325 |
| Drama - The Lion King | 1,421 | 1,480 |
| Drama -Wicked | 1,540 | 1,570 |
| English - Othello 2023 | 871 | 945 |
| GCSE Yr 10 Geography FieldTrip 2023 | 2,207 | |
| Kalpana Thakar Science Award | 15 | |
| Pantomime 2019 - Mother Goose | 24 | |
| Pantomime 2022 - Sleeping Beauty | 4,421 | 6,172 |
| Pantomime 2023 - Aladdin | 1,989 | |
| PerformingArts | 2,656 | 3,202 |
| StudentWelfare Fund | 300 | 645 |
| The Duke ofEdinburgh's Award | 5,562 | 3,149 |
| Warhammer Club | 72 | 87 |
| Year 10 Food & Cookery Payment | 190 | |
| Year 11 Summer Prom | 4,536 | 11,600 |
| Year 11 Summer Prom 2023 Photo Prepayment | 350 | |
| Year 11 Summer Prom 2023 Ticket | 4,104 | |
| Year 12 Thorpe Park | 810 | 540 |
| 42,682 | 42,421 |