REGISTERED COMPANY NUMBER: 03463173 (England and Wales) REGISTERED CHARITY NUMBER: 1111384 Re rt of the Trustees and Unaudlted Flnanclal Statements for the Year Ended 31 Au st 2024 for Association for the Education and Gugrdianshfi of Intcrnalional Stlldents Walkers A¢countants Litnited Aireside House Aireside Business Centre Royd Ings Avenue Keighley West Yorkshire BD214BZ
Association for the Education and Gu4rdianshl of Internatfionai Students Contents of the Financial Statements for the ear ended 31 Au ust 2024 Page Report of the Trllstees I to 2 Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Finanelal Statements 6 to 11 Detailed Statement of Financial Actlvlties 12
Association for the Education and Guardianshi ol Inlernational Students Re ort of the Trustees for the 'ear ended 31 Au Mst 2024 The tSte¢S who are also directors of the ¢harity 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 tbe provisions of Accounting and Reporling by Charities.. Statement of Reconllnended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) {effe¢tiv¢ l January 2019). OBJECTIVES AND ACTIVITIES Publ1¢ benefit The guardianship and education of international students. To promote the safety, welfare and education in the United Kingdom of students who normally reside outside the United Kingdom and who attend schools and other educational institutions in the United Kingdon]. Volunteers The charity does not use volunteers in the day to day running of operations, however the charity does use ihe help and knowledge of members within the advisory committee and various sub-¢ommitt¢¢s. The Trnstees would like to recognise that the chlty is heavily reliant on tbis help and are very grateful of the time given up by such members. FINANCIAL REVIEW The surplus for the year was £53,324 {2023 - £24,773) Reserve8 Policy The Charity's unrestri¢ted funds stood at £238.259 (2023.. £184,935) at the year end, wholly deploycd. Day to day working capital needs are met by careful management of short-tem] liquid resources. The tSte¢S consider the level of free reserves reasonable in the circutnstances in order to cover the risks and Jcertainties of operating as an independent charity. The policy is thus to maintain reserves at a level at least on a par with a year's operating expenditure. STRUCTURE, GOVERNAYCE AND MANAGEMENT Governlng document The charity is controlled by its governing document. a deed of trusL and constithtes a limited company, limited by guarantee. as defined by the Companies Act 21KI6. OrggDfi$2tlonal $tru¢ture The company was incory)orated on 10 November 1997 and was awarded clmritable status on 21 September 2005. The organisatiott is governed by the Tntee8 to ensure it meets with the requirements of the Clwity Commission. Th¢ TrSte¢S hold meetings on a quarterly basis. The advisory committee in its new fornmt will report directly to the Trustees through the Executive Offlcer who will fonvard recommendations to the Tnte¢s. The Tnle¢S make the ultimate decisions in the operation of the charity. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 03463173 (Eng]and and Wales) Registered Charity number Illl384 Page I
Assocladon for the Edllcation and Guardianshi of International Students ort of the Tru$tee$ e&r ended 31 Au ust 2024 for the Registered office The Wheelhouse Bond's Mill Estate Bristol Road Stonehouse Gloucestershire GL103RF Trustees A Lubbo¢k {resigned 21.1.25) S Nicholson (resigmed 3.5.24) L E Foster (resigned 21.1.25) B W D Hughes (resigned 10.1.24) G Kilby (resigned 10.1.24) G Young (resigned 21.12.23) S Gilbert (resigned 3.1,24) S Field (resigned 21.12.23) K Pickles (resigned 21.12.23) J Holroyd Morris (resigned 21.12.23) P B Mitchell (appointed 17.4.24) A Kearney (appointed 7.5.24) E P S May (appointed 17.4.24) Independent Exaner Michael William Procter FCA Walkers Accountants Limited Aireside House Aireside Business Centre Royd Ings Avenue Keighley West Yorkshire BD214BZ B*nker$ Royal Bank of Scotland Plc, 62163 Threadneedle Street, PO Box412, IAyndon EC2R 8LA Approved by order of the board of trustees on 21 January 2025 and signed on its behalf by: E P S May- Trustee Page 2
Inde ndent Examiner's Re ort to the Trustees of Assoelation for the Educatlon and GuArdlanshl of International Students Independent examlner's report to the trustees of Association for the Edu¢atlon and Guardlanship of Int¢rllatiOllAI Students {'the Company'} I report to the charity ttee5 on my examination of the accoullts 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 foT the purposes of compally law) you are responsible for the prepaTation of the accounts in accordance with the requirements of the Companies Aci 2006 {'the 2006 Act,). Having satisfied myself that th¢ a¢¢ounts of the Company are not required to be audited under Part 16 of the 21K16 Act and are eligtble 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 {Ihe 2011 ACV). In caTrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Independent examlner's Statement I have ¢ompleted my examination. I confirni that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act. or the accounts do not accord with those records. or 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 lrne and fair view which is not a matter ¢onsider¢d as part of an indepen(ient examination; or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Pra¢tice for accounting and reporting by charities (applicable to charities preparin8 their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of treland (FRS 102)). I have no concerns and have come across no other matters in connection with the exarnination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Michael William Pro¢ter FCA Walkers Accountants Limited Airestde House Aireside Business Centre Royd Ings Avenue Keighley West Yorkshire BD214BZ 21 January 2025 Page 3
Assoeiation for the Education and Guardianshi of International Students Statement of Financial Activities ratin an Income And Ex enditure Aeeount ror the 'tar ended 31 Au ust 2024 cor 31.8.24 Unrcstricted nd 31.8.23 Total funds Notes INCOME AND ENDOWMENTS FROM Charitable activities Charitable Aclivities 222.813 164,011 Investment incon Other income 877 4.198 292 5,171 Tot41 227,888 169,474 EXPENDITURE ON Cbaritable a¢tlidtl¢$ Ckntable Activities 174.564 144,701 NET INCOME 53,324 24,773 RECONCILIATION OF FUNDS Total funds broughl forward 184,935 160,162 TOTAL FUNDS CARIUED FORWARD 238259 184,935 The notes forn) part of these financial statements Page 4
As$oclatlon for the Edu¢2tlon and Guardianshi of International Students Balan¢e Sheet 31Au st 2024 31.8.24 Unrestricted fijnd 31.8.23 Total fimds Notes FIXED ASSETS Tangible assets CURRENT ASSETS Debtors Cash at bank io 376 250,992 311 201,149 251,368 201.460 CREDITORS Amounts failing due within one year (13,109) (16,525) NET CURRENT ASSETS 238259 184.935 TOTAL ASSETS LESS CURRENT LIABILITIES 238,259 184,935 NET ASSETS 238,259 184,935 FUNDS unrestrict fimds 12 238,259 184,935 TOTAL FUNDS 238,259 184,935 The charitable company is entitled to exemption from audit under S¢¢tion 477 of th¢ 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 accoTdance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that Comply 1th Sections 386 and 387 of the Companies Act 2006 and (b) preparing finan¢ial ststements whi¢h give a true and fair view of the state of affairs of the ¢IrItable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Se¢tions 394 and 395 and whi¢h othenvlse Comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial slatements have been prepared in accordance with the provisions applicable to charitable companies subj¢¢t to the small compani¢s regime. The financial statements were approved by the Board of TnleeS and authorised for issue on 21 January 2025 and were signed on its behalf by: E P S May- Trustee The notes forn) part of these financial statements Page 5
Assoclaffon for the Educailon and Guardianshi of International Students Notes to the Financial Statements for the '¢Ydr ¢ndcd 31 Au ust 2024 ACCOUNTING POLICIES Basls of preparjng the flnanclal statements The fllwicial statcments of the Chitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Rcporting by Charities: Ststement 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 l January 2019),, Financial Reporting Stsndard 102 The Finallcial Reporting Standard applicabl¢ in the UK and Rcpublic of treland, and the Companies Act 2006. The fmancial statements have been PTepared under the histOTical cost onvention. Income All income is recognised in the Stafrment of Finallcial Activities once the charity has entitlement to the fimd4 it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities aTe recognised as expenditure as soon as there is a legal or constructive obligation comn)itting the charity to that expenditure, it IS PTobable that a transfer of e¢onomi¢ benefits be required in settlement and the amount of the obligation can be measured reliably. ExpenditLe is accounted for on an acclS b&sis and has been classified undeT headings that aggregate all cost related to the category. NIEere costs camiot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of r¢$our¢e$. Tan%lbRe fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated vsefi life. Fixtures and fittings 250/0 on cost All tangible fixed assets are at Cost less a¢¢umulated depreciation. Cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for It to be capable of operating in the mamier intended by Mallagennt. Assets held under finance lease are depreciated in the same manner as owned assets. Renewals, repairs and maintenance are charged io profit and loss during the period in Md]ich they are incurred. Depreciation is charged so a5 to allocale the cost of &5sets less their residual value over their estimated useful lives, using a mixture of methods. The depreciation bases are as detailed above. Thc assets, residual values, useful lives and depreciation method5 are reviewel and adjusted prospectively if appropriate. or if there is an indication of a significant change since the last reporting date. Gains and losscs on disposal are dettrniined by conu)ar1 the proceeds with th¢ carrying amount and are credited or charged to the income statement. Impairment of fixed assets At ¢ach balance sheet date, the Company reviews the Cary1 amounts of its property, plant and equipment to deterniitie wh¢th¢r tb¢re is ally indication that any items of propety, plant and equipment have suffered an impairment loss. If any such indications exists, the recoverable amount of an asset is estimated in order to detern)in¢ the extent of the impairnient loss, if any. Where it is not possible to estinmte the recoverable amount of the asset, the Company estirnate5 the recoverable amount of the cash-gen¢rating unit to which the asset belongs. If the recoverable amount of an asset is estimated to be less that its canying amount, the carrying amount of the ass¢t IS Teduced to its recoverabl¢ amount. Impairment loss is recognised as an expense immediately. Page 6 continued...
Assoclatlon for the Edue#tlon and GuArdlanshi of International Student8 Notes to the Financial Statements - continued for the 'ear ended 31 Au ust 2024 ACCOUNTING POLICIES - continued Tangible red assets Where an irnpainnent loss subscqucntly reserves. the carrying amount of the asset is increased to the revised eStinte of its recoverable amount that would hav¢ bccn dctcrniined (net of depreciation) had no in]pairment loss b¢cn recognised for the asset in the prior years. A reversal of an impairnlent loss is recognised as income in]m¢diately. Taxation The charity is exempt from COoratiOn tsx on its charitable activities. Fund accounting Unrestricted fimd$ can be used in accordance with the charitable objectives at the discretion of the tnjstees. Restricted fijnds can only be used for particular restricted pury)oses within the obje¢ts of the ¢harity. Restrictions arise wb¢n specified by the donor or when funds are raised for particular r¢5tricted PUTPOSes. Further explanation of the nAture and purpose of each fill is included in the notes to the financial statements. Pension costs and other post-retirement benefils The charitable company operates a defined Contribution pension scheme. Contributions payable to the charitable ¢ompany's pension scheme are charged to the StateTrKnt of Financial Activities in tbe period to which they relate. INVESTMENT INCOME 31.8.24 31.8.23 Bank interest received 877 292 OTHER INCOME 31.8.24 31.8.23 Disclosure & Barring Service fees Advertising 3,902 296 3,684 1.487 4,198 5,171 CHARITABLE ACTIVITIES COSTS Support costs (see Dote 5) Direct Costs Totals CIltable A¢tivilie$ 169.665 4.899 174,564 Page 7 continued...
AssoclatRon for the Educgtlon and Guardianshi of Internatlonal Students Notes to the Financial Statements- Continued ftsr the ear ended 31 Au ust 2024 SUPPORT COSTS Governance costs Fillance Totals Charitable Activities 261 4.638 4,899 Support costs, included in the above, are as follows: Flnance 31.8.24 Charitable Activities 31.8.23 Totsl activities Bank charges 261 235 Governance costs 31.8.24 Charitable Activities 31.8.23 Total activities A¢¢ouDtancy fe¢s L¢gal fees 4,230 408 3,660 3,802 4,638 7,462 TRUSTEES, REMUNERATION AND BENEFITS There were no trsteeS, rernuneration or other benefits for thc year ended 31 August 2024 nor for the year ended 31 August 2023. Trustees, expenses Travel expenses paid to trustees amounted to £XXX (2023: £258} during the year. STAFF COSTS The average monthly number of employees during the year was &s follows.. 31.8.24 31.8.23 Administration No eftr4)loy¢es received emoluments in excess of £60,000. Page 8 continued...
Association for the Education and Guardianshl of InternatlonAI Students Notes to the Flnanclal Statements - continued for the ear ended 31 Au st 2024 COMPA114TIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestticted fimd INCOME AND ENDOWMENTS FROM Charitable activilies Charitsble Activities 164,011 Jnveslrnent income Other income 292 5,171 Total 169.474 EXPENDITURE ON Ch*rltable actItleS Charitable Activities 144,701 ET INCOME 24,773 RECONCILIATION OF FUNDS Total funds brought forward 160,162 TOTAL FUNDS CARRIED FORWARD 184,935 TAfiGIBLE FIXED ASSETS Fixtyres fittings COST At I September 2023 and 31 August 2024 5,738 DEPRECIATION At I September 2023 and 31 August 2024 5,738 NET BOOK VALUE At 31 August 2024 At 31 August 2023 Page 9 continued...
Assoeiatlon for the Edueatlon and Guardi#n$hi of Internalional Students Notes to tbe Financial Statements - continued for Ihe vear ended 31 All u$t 2024 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.8.24 31.8.23 OtheT debtors Prepaynents 65 311 311 376 ii. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.8.24 31.8.23 Social security and other taxes VAT Deferred income Other creditQTS Accrued expenses 826 4,842 4,250 373 2,818 855 3,319 9,950 331 2.070 13,109 16.525 12. MOVEMENT IN FUNDS Net movement in fimds At 31.8.24 At 1.9.23 Unrestrleted funds G¢neral fund 184,935 53,324 238259 TOTAL FUNDS 184,935 53,324 238,259 Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund 227,888 (174,564) 53,324 TOTAL FUNDS 227,888 (174,564) 53,324 Comparatives for movement in funds Net movemcnt in funds At 31.8.23 At 1.9.22 Unrestri¢ted fund$ General fid 160,162 24,773 184,935 TOTAL FUNDS 160.162 24,773 184,935 Page 10 Colltinued...
Assoclatlon for the Edu0 and Cuardianshi of InternatlonAI Students Notes to the Flnancial StAtemcnts - continv¢d for th¢ l'ear ended 31 Au ust 2024 12. MOVEMENf JN FUNDS - continued Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended m0vennt in funds Unrestricted fund5 General fiu 169,474 (144,701) 24,773 TOTAL FUNDS 169,474 (144.701) 24.773 A current year 12 months and prior year 12 months combined position is as follows: Net movement iti funds At 31.8.24 At 1.9.22 Unrestrlcted funds General fund 160.162 78,097 238,259 TOTAL FUNDS 160,162 78,097 238,259 A cutTent year 12 months and prior year 12 months combined net movenlent in fimds. included in the alx)ve are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 397.362 (319.265} 78.097 TOTAL FUNDS 397,362 (319,265) 78,097 13. RELATED PARTY DISCLOSi]RES There were no related party transactions for the year ended 31 August 2024. Pagell
Assoeiation for the Education and Guardlan$hl of TnternAtlonal Students Detslled Statement of Flnanclal Actfivltfies for the 'ear ended 31 Au ust 2024 31.8.24 31.8.23 INCOME AND ENDOWMENTS Investment income Bank interest received 877 292 CharfitAble Acthiltles Conferences Inspections Member fees - Schools Member fees - Guardianship Courses 23,967 81,627 48.571 54,494 14.154 19.171 47,381 42,292 38,441 16.726 222,813 164,011 Other income Disclosure & Barring Service fees Advertising 3.902 296 3.684 1,487 4,198 5.171 Total incoming resoMr¢es 227,888 169.474 EXPEIYDITURE Charltable Y4Ctivities Wages Pensions Rent Insurance Telephone OtTi¢e administration costs Markeling Inspection fees Website costs Conference. meetings & training costs 71.819 1,577 5,624 1,428 635 9.531 9,217 35.764 8,920 25,150 65,456 1,393 4,385 .271 942 4,812 7,638 27,294 2,251 21,562 169,665 137,004 Support costs Finance Bank Charges 261 235 Governan¢¢ ¢o$ts Accountancy fees Legal fees 4,230 408 3,660 3,802 4,638 7,462 Total resources expended 174,564 144,701 Net income 53,324 24,773 This page does not forni part of the statutory financial staten]ents Page 12