REGISTERED COThIPANY NUMBER: 04517407 (England and Wales) REGISTERtD CHARITY NUMBER: 1102334 ort of th¢ 'frustees alld Unaudited Flnaneial Statetnents for the Year Ended 31 March 2025 for Birkbeck and William Ellis Schools Trust Frederi¢l<s Litnited chttered Accolinlants 106 carter Avenue Ilford Essex IG2 7AD
Blrkbe¢k and William Ellis Schools Trllst Contents of the Flnanciol Statements fort e Year Euded 31 March 2025 P4g¢ Report of the Trustees Independent Examinerls Report Statement of Finanel81 Aetivitles Balance Sheet Notes to the Flnfinclal Statements Detalled Statement of Flnancial Actlvities 8 to 12 13
Birlibecli William Li Ills Schools Triist ort of the Triistee for the Year Ended 31 March 2025 The trust00s who are also directors of tkne charity for the piirposes of the Compalli¢8 Act 2006, pre8ellt their report with the fillancial statemetLts of tbe charity for the year ended 31 March 2025, The trnstees have adopt¢d the provisions of Accounting and ReportinfJ by Charilie5.' Statement of RecotDmellded Practice applicable to charities preparing their accounts in accordance witb ¢he Financial Reportll Standard applicable in the UK and Republic of Ir¢lalld (FRS I02} (effective l. January 20 I9). oBEcTIVEs AND ACTIVITIES Objectives and aims Tke cotnpany's principal activity was and remains that of raising charitable income for the tnaintenance, developellt and geTr#Tal welfare of William EIILS School. As William Ellis School a state.fi¥nded cotnprehensive school, all the COLupany's activitL¢8 are designed to furtkner its charitable pulposes for tLe public benofit, Th¢ company was tncorporatsd on 22 August 2002 as a company limit#d by guartee, The company operates as a non-profit making organisatioTr and is a registered ch&rity, number 1102334, The tru8tees tneet regularly to manage the affairs of the charity. Tkne illvestmellt pollcy of the company is to adopt a risk averse approach. The trustees hav¢ examilled other operatiollal ancl busino8s risks faced by the cbarity alld Collfjm Ib&t they have established sy8tsms tv mitigats the 8LgDificant riskE. Within the 2Q24125 funci&L year the Tru8t provided £85,534 tn direct funding to WtIliarn Ellis School, Th? vast rtLajority of this funding wa8 to 8UPPOrt the sc&ool with capital costs and trustees were pleased to be able to lld the creation of a new IT suite within the school, as well as replacing seating acTO8S the scienco departllellt ¢la88rooms. Additionalty, tho Trust provided its required IOYO COlltributlOll to unlock the ftLll agreed hllding from the School Condition Allocation which was used oll a uumb¢r of projects within the school. Tho Trust also wovided award thdillg for a student w0 had perforned the highest wÉthin the Sciences via the Syd Aldridge A ward, Syd is a fornier pupil and w¢ll known s¢ientLSt in Canada who remains a great friend to the Trust. Significant activities during the year tn J&niiary 2025 the Trust appoillted its fJT8t evei Director who started work on fvfarcb Ioth 2025. The Director of the Trust is a varied role worlatig across fidraising, progratn development and conlrllunity ellgagetnent &s woll a8 raising aw&en¢ss of t¢ worlc of the Trust and I'he sc&ool it primarily supports. Over the course of the next financial year tb¢ Director will bo WOTking to develop tde Trust strategy For the next three y¢ars, ckvaloping inllovative progr&ms with t¢ school that the Trust can fld and support 8s well &s beginlling to bring togelE]er different parts OF the school COLJmuttity with a particular focu8 Oll the school alun]ni conllnunity. The rul¢ 8hould allow the Trust lo signifioantly incre¢ the worlc it does with and on behalf of the sc&ool and all truste¢8 are lookin(r forWd to seetng what we call achieve 83 an organisation over tha next year. Public benefit All charity tYteeS have a duty to have regard to the cornn]ission's PLiblic benefit guidan¢e when exercising any powers Dr duties to which the guid&nc¢ 13 r¢l¢vallt. The tSte&S Gollsider tbat they consider this guidance when making Such decisions. FINANCIAL REVIEW Director5 All directors of tke company are also tLUStees of tho charity, there being no other trustees, ALI of the tNstees llamed s#rved tbroughout tkne year except where shown. The board has the power to appoint additional tSte¢S as it ¢onsid¢rs fLI to do 80. Trustee recruitlnent is Subject to ¢le¢tiDn by the board and the policy has nonnally been to seeli to recruit individuals who have Already been closely identified with Wdliam Ellis School, suckn as govemors, fornier sdentS or parents, and are thus considered to have both knowledg¢ of the School and an appreciation of its needs and purposes a8 well as other, tnore general and personal qu&l£ties. Page I
Blrlcbecl( and Wllliam Ellis Schools Triist Re ort of the Trustee5 for the YeAr Ended 31 March 2025 FINANCIAL REVIEW Review of results for the year The accounts for the year show n¢t illcome of £52,272 (2024 incoming r¢sources U9,308). Most of the incoraillg rosources in 2023 relito to a substantial donation of £IOO,000 n&d¢ during the year. The deficit for the year was £64,890 £ (2024 (£43,459) surplus. Tot&1 lld5 carried fonvard were £L,818,560 (2024 £1,883,450). The principal activity as stated above has been ,8erved during t¢ year by wting as5iStattce to WilliaLn Elli8 Schor>l at a time of financial stringency, In the opinion of the tLWStees the assets of the charity available and adequate to lfIl its oblKgations, Althougb thete is no fonn&l resVe$ policy in place, the trustees PTmue a policy of due prLLdence and durillg t¢ year undertook a review of investment poli¢y in order lo best protect the charity's capital reserves. STRUCTURE, GOVERNANCE AND TrIANAGEMENT Gov¢rning document TELe charity is Gontrolled by ils governing document, a dee(l of tntst, and ConStiteS a limited compally, limited by guarantee, as defed by the Companies Act 2006. Reerultment aDd appointment of neTrv trustees Trustoes are appointed by a majority of votes alld in the cas6 OE an equality of votos tkne chairrllall ha8 a second or castiILg vote. The ch&Yity is run by the Admini8tr&tioll Manag¢r on a day lo day basi8.N8w trtistees receive &dequate training and support from the existing trustee8. REFERENCE A]YD èlDMINtSTRATIVE DETAILS Reglstered Company number 045I7407 (Englalld and Wales) Reglster¢d Charity nutnber 1102334 Registered office WiIliam Ellis School Highgate Road Highgate London brw5 IRN Trustees s F C Millar (Chair of Trustees) P H Rowbrey-Evans Infonnation technology m&nager (deceased 28,1.25) O C Harnon Director S Slcipwith couLtant D A Smith Cknarity CEO T B L Sowul& Ftigher Education CollsuLtant J A Mohamed Coll]munity Eng&gemell.t Manager S R IWTrite Educatioll Consultant (appointed 14.10,24) Page 2
Birl(becli and Wllllam Ellls Scliools Trust Drl of the Tru5tee5 ear Ended 31 March 2025 foi. the REFEREL¥CE AND ADMINISTRATIVE DETAILS Independent Examlney S G Duker FCA Freclericks Limited Chartered AGcountan15 106 Charter Avenue llford IG2 7AD Solicitors Stone King Sewell LLP 16 St JoE]ns Lane London ECIM4BS Bankers Natioual Westmill8ter Bank pl 39 M£lsom Streot Bath BAI IDS Thi5 report has been prepared in accordallce with the special provisiofrjs of Part 15 of the Compallies Act 2006 relating to &tnall cornpanies. Approved by Drder of IkL@ board of tnT5tegs on 16 September 2025 and sigtled on its bekalf by,, M5 F C Millar - Trustee Page 3
Inde endent 14 ¥aminer15 Re ort to the Ti'iisleey of Birkbeck and Wllllam Li Ills Scliools Ti'iist Independent examlnor's report to the trustees 0£ Birlibeck alld William Euls Schoo15 Trust ('the COpanY') I report to the charity trustees on tny exatnin(1tiOll of tkne &G¢oiints of the Company for the year ellded 31 March 2025. Respon5ibilllle5 and basi8 of report As the charity'5 trusteBS of tELe Cotnpany (and also its directors for the puTroses of company law) you are ie8pollsLble for the preparation of the accounts in accordance with the requirements of Ike Companies Act 2006 ('the 2006 Act,), Having satisfied myself that tIL¢ a¢counts of the Corllpany not required to be auditsd under Part l 6 of the 2006 Act and are ellgible for independent examination, E report In respect o'f my examination of your ctLarity's accoiillts as Garried out under Section l45 of th¢ Cknarities Ast 2011 {'the 201 l Act,). In carrying out my examination I have followed the Directions given by the Charity Comtni33iorL under Section 145(5) (b) of the 201 l Act, Independent exanlner's statement I havo completed my examination. I confm that no tnatters have cojne to my attention in connection with the examinatloll giving rne cause to believe., &CCQlllltlng records were not kept tn ie5pect of the Cojnpany as required by Section 386 of the 2006 Act. or the ao¢oullts do rLOt accord with those records,. or the accounts do not comply with the accounting reqiiirements 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 the accounts have not beem propared in aGcordance with the tnethods and principles of te Statement ot. Reooll]LJended Practice for accounting and reporting by cdarities (applicable to cE]arities preparing thetr accounts in accordall¢e with tbe Financial Reporting Stmdard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have cotne across no other matters in connection wilb the Qxamination to Whic attelltion should be drdwn tn this report in order to enable a proper understanding of tELe accounts to be reached, S G Duker FCA Fredericks Limited Chartered Accountallls 106 Charter Av&nue llford Essex IG2 7AD 16 Septttrlber 2025 Page 4
Birlcbeclc and WilliaIn Elli5 Schools Trust Statemeut of Flnanelal Actlvltles for the Year Ended 31 March 2025 31.3.25 Total runds 31.3.24 Tot funds Unrestricted funds Restricted fLlld Not#s INCOME AND ENDOWMENTS FROM Donations and Legacies tnvestment income 52,272 52,272 49,308 Total 52,273 52,273 49,308 EXPENDITURE ON Cbarltablo activities School costs 85,534 85,534 85,355 Other 16,270 16,270 4,994 Total 101,804 101,804 90,349 Net gains/(losses} on investments (15,359) (15,359) 84,500 NET cOr[El(xPENDITuRE) (64,890) (64,890) 43,459 RECONCILIATION OF Fuf+fDS Total funds brought fDNiard 1,883,450 1,883,450 1,839,991 TOTAL FUNDS CARRIED FORWAIiD 1,818,560 1,818,560 1,883,450 The notes foLYll part of these fancial statements Page 5
Birlcbeck Willlam E1115 Sehools Trust Balance Sheet 31 Lwlarch 2025 31.3.25 Total funds 31.3.24 Total ftmd8 Ullrestricted fid8 Resiricted nd Notes FIXED ASSETS Investments InvestentS Investnlent propety 1,407,471 1,407,471 1,172,830 1,407,471 1,407,471 1,172,830 CURREf+rr ASSKTS Cash at banl< 413,349 413J49 7l2,880 CREDITORS AOi1Thts fallLng due within one year (2,260) (2,260) (2,260) NET CURRENT ASSETS 411,089 411,089 710,620 TOTAL ASSETS LESS CURREI Trrr LIABILITIES 1,818,560 1,818,560 1,883,450 NE'f ASS'ETS 1,818,560 1,818,560 1,883,450 UNDS Unrestrioted funds 1,818,560 1,883,450 TOTAL FUNDS 1,818,560 1,883,450 The charitable conpmy 15 entitled to exemption from audit iindei Section 477 of ttL¢ Cotnpanies AGt 2006 for the year ended 3 l March 2025, The men]bers have ttot required the company lo obtain an audit of its fmallGi&l staternellts for the year ended 31 March 2025 in aGcordanc¢ with Sectloll 476 of tkno Compallies Act 2006. The trustees aGI(nowledg¢ their responsibilities for (a) ensuring tbat the ch&ritable company keeps &ccounting records that comply witlL Sections 386 and 3 87 of the Companies Act 2006 and (b) preparillg fall¢la1 statements whickn give a true and fair view of tILe stdte of affairs of the charitable company as at the elld of eackn fLnan¢iaL year and of its surplug or doficit for each fJnan¢ial y¢ar in accordance with the recLuirements of Sections 3 94 &nd 395 and which otherwise cornply with the re(Luir#tnenlB of Ibe Companies Act 2006 relating lo ffftancial 8tat¢nents, so far a8 applicable lo the cltable company. The notes form part of these financial 8tatenLent5 P&ge 6 ¢ontinued,.,
Blrlibe£li William Elli5 Schools Tr118t Balance Sheet - eontlniied 31 Mareh 2025 These fanCIaL statenents have b¢en Prepared ill acGord&nGe with the provisions applicablc to Gharilable companies subject to the small COpanio8 regime. The fu]anGial statetllent8 were approved by the Board of Trustees and autELorised for is8ue Oll 16 Soptembei, 2025 &nd were signecl on its behalf by.. F C Millar - Trustee S Skipwith - Trustse Tbe ttoles for part of these fiTr&nctal statements Page 7
Blrlcbecli and Willifim Ellis Sehoo15 Triist Note5 ID the Financial Statemen15 for the Year Ended 31 March 2025 AccouNfING POLICIES Basi5 of preparing the financial statement5 The fanGI&1 statements of the charitable company, wliich is a public benefit entity under FRS I02, have been prepared in 3c¢ordan¢e with the Charities SOPP (FRS 102) 'Accounling and Rsporting by CELarities: Ststemeiit of Re¢omtnetLded Practice applicable to charities preparing their &ccounls in a¢cord&nce with the Financial eportillg Standard applic&bl¢ in the UK &nct Republic of Ireland (FRS 102) (effectiye l January 2019),, Financtal Reporting Standard 102 'The Financial Reporting Stalldard applicable in the UK and Republic of Ireland, and the CoEnpanies Act 2006, Te fancial statements have been prepared under the historical cost convention, with the exception of invgstrnellts which are illcluded at market value, as modified by the revaluation of certaill assBts, Income All iucome is reoognised in the Statement of Finallcial Aotiviti¢s once tbe charity ELas entitlement to the fids, it 18 probable th&t the incomè will be received alld the amount can be ni¢asured reliably, Kxpenditure Liabilities are recognised as expenditure as soon as Ibere is a legal or con8tructtvo obligation conunitting the ch&rity to that expendittire, it is probable thal a transfer of e¢ouomic benefits will be required in settlement and the ainount of the obligation c&n be measured reliably. Expellditure is accounted for on an accruals basis and has been cl.assified Ullder headings that aggregate alL cost relaLed to the category. Where costs cannot be directly attributed to particular headings they have been allo¢ated to activities on a basis consistent with the use of resources, Taxation Tbe charity is exempt fro corpor&tiOll lax on its charitable activities. Fiind a¢eounting Unrestricted funds can be used in &ccordance with the charitable objertives at tbe discretion of the trustees, Restricted fitllds can only bg Iisod for particular restrictsd purposes witknin the objects of the clwity. Restrictiolls ise whell speGified by the donor or when funds are raised for pE1¢U1ar restiicted purpoges. Further explallatioll of the nature and puryose of each thlld is included in the note8 to f]nacial stat&ments. Investments Investments are valued al the year end based iipon the bici priGe at the cl08e of business on that day or fair value if the Lnarl<et value is unavailable, 11 18 the charity's policy to l(eep valuatLOUS UP to date such that wE]eu illvestmeTrts are sold there is tLO reali5ed gain or 1058 lSing. As a result, te Statement of FinanciaI Activities does not distillguish between the valuation adjustments relating to sales and those relatillg to cotttiniie(L koLditLgs as they al'e togcth¢r treated cbanges in tbe value of th8 Investellt porLfolio Ibrougbout the year. tnvestment income 18 accounted for as and whell receÉved, tNVESTMENT INCOLl¥tE 31.3.25 31.3.24 Other fixed asset inve8t- FII Deposit account interest 44,053 8,219 39,117 10,19l 52,272 49,308 Page 8 conttnued...
Birlibecli alld Willlatn Ellls Schools Trust Notes to the Financial Slatetnent5 - Continued for the Year li nded 31 March 2025 TRUSTEES, REMUNERATION AND BEiNEFITS No tnLStee's retnulleration was paid ill 2024 or 2023. Trustees, expenses No tnistee's ¢xpens¢s were paid in 2024 or 2023, COMPIiRATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrostrictsd nds Restricted Total funds INCOME AND ENDOWMENTS FROM Investment income 49,308 49,308 EXPELYDTtURE ON Ch&rltable activities School costs 85,355 85,355 Other 4,994 4,994 Total 90,349 90,349 Net gatns oll investments 84,500 84,500 NET INCOME 43,459 RECONCILIATION OF FUNDS Total fLdS brought fOLard 1,839,991 1.839,991 TOTAL FUNDS CARRIED FORWARD 1,883,450 1,883,450 FIXED ASSET INVESTMENTS Lisied investments PdARKET VALUE At l ApriL 2024 Additiolls R¢valuations 1,172,830 250,000 (15 J59) At 31 March 2025 1,407,471 NET BOOK VALUE At 3 l Mar¢h 2025 1,407,471 At 3 l March 2024 1,172,830 There were llo investment pssets outside the UK. Page 9 coiitinued..,
Blrlcbeclc and Wllliam Ellls Schoo15 Trust Notes to tlie Financial St¥4tetnents - continuect for the Year Ended 31 March 2025 FtXED ASSET INVESTMENTS - conllnued Fixed asset investments consist listed securities and Investment. funds. CREDITORS., AMOUNTS FALLING DUE WITIIIN ONE YEAR 31.3.25 3l,3.24 Other creditors Accrued expenses 200 2,060 200 2,060 2,260 2,260 MOVELWtEP4T IN FufiDS Net movement in funds At 31.3,25 At 1,4,24 Unrestricted funds General Fund Trustees Fund Priie Fulld 1,821,085 60,000 2J65 (64,890) 1,756,195 60,000 2,365 1,883,450 (64,890) 1,818,560 TOTAL FUNDS 1,883,450 (64,890) 1,818,560 Net movement in fimds, included in tke above are as follows.. Incoming resources Resources 6xpended Gains and losses Movemellt in funds Unrestricted Eiillds G¢noral Fund 52,273 (101,804) (15,359) (64,890) TOTAL FUNDS 52,273 (101,804) {15,359) (64,890) Comparatives for movemeLt in funds Net ov¢nent in funds At 31.3.24 At 1.4,23 Unrestricted fullds General Fuud Trustees Fiirnd Prize Fund L,777,626 60,000 2,365 43,459 I,821,085 60,000 2,365 1,839,99 I 43,459 1,883,450 TOTAL FUNDS 1,839,991 43,459 1,883,450 Page 10 contillued...
Blrkbeek and WIIIIRM Ellls Schools Trust Notes to the Finanelal Statements - continued foi. the Year Ended 31 March 2025 MOVEMENT IN FUNDS - colltlnued Comparative net movement in fiinds, included in the above are as folLows.' Incotning resources Resources expended Gains and Lossès Movement ill funds Unrestrlcted funds General Fund 49,308 (90,349) 84,500 43,459 TOTAL FUNDS 49,308 (90,349) 84,500 43,459 A current yeaT L2 months alld prior year 12 months COLnbiLed position is as follows.. Not ovwnent in funo At 31,3,25 At 1.4.23 UnrÈstrleted funds General Fund Trustees Fuod Prize Fund 1,777,626 60,000 2,365 (21,431) I,756, l95 60,000 2,365 1,839,991 (21,43l) 1,818,560 TOTAL FUNDS 1,839,991 (21,431) 1,8L8,560 A current year 12 months and prior year l2 tnonth8 combined net movement in fimds, inclLidod in the above are as follows: Illcoming r¢s0CeS Resources expended Gains and 108se8 Movement in fLmds UnrestricÉcd funds General Fund 101,58l {l92,153) 69,l4l (21,431) TOTAL FUNDS 101,581 (192,153) 69,141 (21.431) RELATED PARTY DISCLOSURES There were no related pty trausitctions fgr the year ended 31 March 2025, Page 11 continued,..
Birl(becli William Elli5 Schools Trust otes to the Financial Statemerits - eontlnued ror the Year Ended 31 March 2025 FUNDS The Getteral Fund and Trustees Fund are ¢ompri5¢d of appropriations n¢ and appeal monies rec¢ived and applied against capital projects undertaken. The Prize Fiind was established to provide prizes for exceptional sdents, to be awarded &t the discretion of ths headmaster. The Sydney Baxter Memorial Funct is cotnprisgd of donations tnade and to be applied against bwsaries given al the tru5tees' discretloll. This fiLlld is now Gonsidered obsolete &nd wa3 transferred to the general lld during th? year, LIMITED LIABILITY TPLe charity Is a company limited by guarallt¢¢. The memorandum and articles of the company restt'icl. the liability of the tllebers uporn winding up to £1. In tkne case of winding up none of the accutnulated filnds aLe distributable to mernbers bul shall be given or transferred lo some other charitable instittltion h&ving similar objocts. 11. CURRENCY OF PRESENfATION I'he accounts are presented in pounds sterling, Page 12
Birlcbeclc nd Wllllam Ellls Schools Trust Detailed Statement of Flnancial Activities for the Year Ended 31 March 2025 31.3.25 3l.3.24 INCOME AND ENDowf*lENTS Donation5 and legacles Gifts & donations Investment Income Other fixed a58et invest . Fll Deposit accolt itlteresl 44,053 8,219 39,117 10,191 52,272 49,308 Total Ineomlng resources 52,273 49,308 EXPEtr4DITUR Charitable activities School ninte(lCe arnd dev¢l.oprnent 81,229 85,355 Support CO518 Mallageent Wages 4,305 Finanee Bank charg¢8 Recruitment fees 15 1,647 1,662 IL Goverllance Costs Cost of indepelldent examingr Legal fees 2,723 11,885 2,l30 2,853 14,608 4,983 Total resources expended 101,804 90,349 Net expendlture (49,531) (41,041) This p&ge does not form part of statut.ory fmallcial staternenls Page 13