SEVEN HILLS EDUCATIONAL TRUST
Company No. 06716163
Trustees' Report and Unaudited Accounts
31 October 2024
SEVEN HILLS EDUCATIONAL TRUST Contents
||Pages||
|---|---|---|
|Trustees'AnnualReport|2 to 3||
|IndependentExaminer'sReport||4|
|Statement of FinancialActivities||5|
|SummaryIncomeandExpenditure Account||6|
|BalanceSheet||7|
|Statement ofCashflows||8|
|Notesto the Accounts|9 to|17|
|DetailedStatement of FinancialActivities|18 to|20|
Page 1
SEVEN HILLS EDUCATIONAL TRUST Trustees Annual Report
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 October 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. 06716163
Charity No. 1128139
Principal Office
Marathon House
- 1 9 Evelyn Street
London SE8 5RQ
Registered Office
Marathon House
- 1 9 Evelyn Street
London
SE8 5RQ
## Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
K. Canbay
S. Kocak
O.F. Demir
A. Kosar
A. Mercan
I. Parlak
## Accountants
## GREEN WAKEEL LTD
119 New Road
London
E1 1HJ
## Bankers
HSBC Bank
1 South Place
London
EC2 M
Page 2
SEVEN HILLS EDUCATIONAL TRUST Trustees Annual Report
## OBJECTIVES AND ACTIVITIES
The purpose of the charity as set out in its governing document is that of the advancement of education of pupils and students in the United Kingdom. The Trustees confirm that they have paid due regard to the giudence contain in the Charity Commission`s general guidance on public benefit when reviewing the Trust`s aims and objectives in setting the policy for the period.
## FINANCIAL REVIEW
A review of the charity's financial position at the year end 31 October 2024 the level of income for the year remained satisfactory and enable the trust to support its level of expenditure on the charitable objectives. There was surplus for the year ended 31 October 2024 of £ 21,298 as compared to net deficit of £28,027 for the year ended 2023.
## PLANS FOR FUTURE PERIODS
The policies and purposes of the Trust shall continue under the provisions of the Trust deed with regards to the public benefit
## STRUCTURE, GOVERNANCE AND MANAGEMENT
The nature of the governing document and how the charity is constituted. The Trust is registered as a charitable company limited by gurantee as set up in the Memorandum of Association on 06 October 2008. The management of the trust is the responsiblity of the Trustees. The day to day administration of the Trust is carried out by the operating trustee.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
K. Canbay Trustee 29 January 2026
Page 3
SEVEN HILLS EDUCATIONAL TRUST
Independent Examiners Report
Independent Examiner's Report to the trustees of SEVEN HILLS EDUCATIONAL TRUST
I report to the charity trustees on my examination of the financial statements of SEVEN HILLS EDUCATIONAL TRUST for the year ended 31 October 2024.
## Responsibilities and basis of report
As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## Independent examiner's statement
As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:
- accounting records were not kept in accordance with section 386 of the 2006 Act ; or
- the financial statements do not accord with those records; or
- the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
- the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
**Eric Ashong (FCCA** ) Chartered Certified
Accountants
Eric & Co
87 Tylecroft Road
London
SW16 4BJ
29 January 2026
Page 4
SEVEN HILLS EDUCATIONAL TRUST
Statement of Financial Activities
for the year ended 31 October 2024
|||Unrestricted|Restricted|||
|---|---|---|---|---|---|
|||funds|funds|Totalfunds|Totalfunds|
|||2024|2024|2024|2023|
||Notes|£|£|£|£|
|Income and endowments||||||
|from:||||||
|Donationsandlegacies|4|252,025|-|252,025|240,929|
|Charitableactivities|5|58,812|-|58,812|43,752|
|Other tradingactivities|6|260,467|-|260,467|228,016|
|Other|7|4,189|6,328|10,517|9,156|
|||||||
|Total||575,493|6,328|581,821|521,853|
|Expenditure on:||||||
|Raisingfunds|8|-|-|-|71|
|Charitableactivities|9|13,120|-|13,120|5,125|
|Other|10|541,075|6,328|547,403|544,684|
|||||||
|Total||554,195|6,328|560,523|549,880|
|Netgainsoninvestments||-|-|-|-|
|||||||
|Netincome/(expenditure)|11|21,298|0|21,298|(28,027)|
|Transfersbetweenfunds||-|-|-|-|
|||||||
|Netincome/(expenditure)
before othergains/(losses)||21,298|0|21,298|(28,027)|
|Othergainsandlosses||||||
|||||||
|Net movementinfunds||21,298|0|21,298|(28,027)|
|Reconciliation of funds:||||||
|Totalfundsbroughtforward||112,387|-|112,387|140,414|
|||||||
|Totalfundscarriedforward||133,685|0|133,685|112,387|
|||||||
Page 5
SEVEN HILLS EDUCATIONAL TRUST Summary Income and Expenditure Account
for the year ended 31 October 2024
||2024|2023|
|---|---|---|
||£|£|
|Income|581,821|521,853|
||||
|Gross incomefor the year|581,821|521,853|
||||
|Expenditure|558,485|545,130|
|Interest payable|925|925|
|Depreciationandchargesfor|||
|impairment of fixedassets|1,113|3,825|
||||
|Totalexpenditurefor the year|560,523|549,880|
||||
|Netincome/(expenditure)before tax|||
|for the year|21,298|(28,027)|
||||
|Netincome /(expenditure)for the year|21,298|(28,027)|
Page 6
SEVEN HILLS EDUCATIONAL TRUST Balance Sheet
## at 31 October 2024
|Company No.|06716163|Notes|2024|2023|
|---|---|---|---|---|
||||£|£|
|Fixed assets|||||
|Tangibleassets||13|3,638|4,454|
||||||
||||3,638|4,454|
|Current assets|||||
|Debtors||14|373,909|354,294|
|Cashat bank|andin hand||10,013|4,432|
||||||
||||383,922|358,726|
|Creditors: Amountfallingdue within one year||15|(233,284)|(221,328)|
||||||
|Netcurrent assets|||150,638|137,398|
|Totalassets less|currentliabilities||154,276|141,852|
|Creditors: Amountsfallingdueafter more than one year||16|(20,591)|(29,465)|
||||||
|Net assetsexcludingpension asset orliability|||133,685|112,387|
||||||
|Totalnet assets|||133,685|112,387|
||||||
|Thefundsofthe|charity||||
|Restrictedfunds||17|||
|Restrictedincomefunds|||0|-|
||||||
||||0|-|
|Unrestrictedfunds||17|||
|Generalfunds|||133,685|112,387|
||||||
||||133,685|112,387|
|Reserves||17|||
||||||
|Totalfunds|||133,685|112,387|
||||||
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 October 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 29 January 2026
And signed on its behalf by:
## I. Parlak
Trustee
29 J **anuary 2026**
Pag **e 7**
SEVEN HILLS EDUCATIONAL TRUST Notes to the Accounts
- for the year ended 31 October 2024
- 1 Accounting policies
## Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement 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 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
## Fund accounting
- Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
## Income
- Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 8
SEVEN HILLS EDUCATIONAL TRUST Notes to the Accounts
## Expenditure
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.
## Taxation
The charity is exempt from corporation tax on its charitable activities.
## Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
|Depreciationisprovidedat th
useful life:|efollowingannualratesin order to write offeachasset overitsestimated|
|---|---|
|Motor vehicle|25%Reducingbalance|
|Fixtures,fittingand
equipment|33.33%Reducingbalance|
## Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
## Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
## Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Page 9
SEVEN HILLS EDUCATIONAL TRUST Notes to the Accounts
## Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## Research and development
Expenditure on research and development is written off in the year in which it is incurred.
## Foreign currencies
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
## Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
## Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
## Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
Page 10
SEVEN HILLS EDUCATIONAL TRUST Notes to the Accounts
## 2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
- 3 Statement of Financial Activities - prior year
|Income and endowmentsfrom:
Donationsandlegacies
Charitableactivities
Other tradingactivities
Other
Total
Expenditure on:
Raisingfunds
Charitableactivities
Other
Total
Netincome
Netincome before other
gains/(losses)
Othergainsandlosses:
Net movementinfunds
Reconciliation of funds:
Totalfundsbroughtforward
Totalfundscarriedforward
4
Incomefrom donationsandlegacies
Donation
5
Incomefromcharitable activities
Fundraisingevents|Unrestricted
funds
2023
£
240,929
43,752
228,016
1
512,698
71
5,125
535,529
540,725
(28,027)
(28,027)
(28,027)
140,414
112,387
Unrestricted
£
252,025
252,025
Unrestricted
£
58,812
58,812|Restricted
funds
2023
£
-
-
-
9,155
9,155
-
-
9,155
9,155
-
-
-
-
-
Total
2024
£
252,025
252,025
Total
2024
£
58,812
58,812|Totalfunds
2023
£
240,929
43,752
228,016
9,156
521,853
71
5,125
544,684
549,880
(28,027)
(28,027)
(28,027)
140,414
112,387
Total
2023
£
240,929
240,929
Total
2023
£
43,752
43,752|
|---|---|---|---|
Page 11
SEVEN HILLS EDUCATIONAL TRUST
Notes to the Accounts
## 6 Income from other trading activities
|6
Incomefrom other tradingactivities|||
|---|---|---|
|Feesreceivables
7
Otherincome
Unrestricted
£
Otherincome
4,118
Interest
17
Grant
54
4,189
8
Expenditure on raising funds
Fundraising tradingcosts
9
Expenditure oncharitable activities
Expenditureoncharitable
activities
Grantsmade
Governancecosts
Insurance
Telephone
BankchargesandInterest
Independent examinerfee|Unrestricted
£
260,467
260,467
Restricted
£
-
-
6,328
6,328|Total
Total
2024
2023
£
£
260,467
228,016
260,467
228,016
Total
Total
2024
2023
£
£
4,118
-
17
1
6,382
9,155
10,517
9,156|
||||
||Unrestricted
£
9,000
1,837
421
362
1,500
13,120|Total
Total
2024
2023
£
£
-
71
-
71
Total
Total
2024
2023
£
£
9,000
-
1,837
1,258
421
2,028
362
339
1,500
1,500
13,120
5,125|
Page 12
SEVEN HILLS EDUCATIONAL TRUST Notes to the Accounts
10 Other expenditure
|10|Other expenditure|||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||||2024|2023|
|||£|£|£|£|
||Cateringcost|28,064|-|28,064|31,794|
||Feesandsubscription|4,316|-|4,316|6,375|
||UKentertainment|26,150|1,104|27,254|-|
||Bankloanand overdraft
interest payable|925|-|925|925|
||Employeecosts|357,259|-|357,259|368,815|
||Motorand travelcosts|5,851|4,188|10,039|10,193|
||Premises costs|94,631|-|94,631|95,861|
||Amortisation,depreciation,|||||
||impairment,profit/losson|1,113|-|1,113|3,825|
||disposalof fixedassets|||||
||Generaladministrativecosts|15,681|1,036|16,717|17,230|
||Legaland professionalcosts|7,085|-|7,085|9,666|
|||||||
|||541,075|6,328|547,403|544,684|
|||||||
|11|Netincome/(expenditure)before transfers|||||
||||2024||2023|
||Thisis statedaftercharging:||£||£|
||Depreciation ofownedfixedassets||1,113||3,825|
|12|Staffcosts|||||
||||2024||2023|
||Salariesand wages||327,344||344,705|
||Socialsecuritycosts||16,390||16,897|
||Pensioncosts||364||1,394|
|||||||
||||344,098||362,996|
|||||||
||No employee received emolumentsin excessof£60,000.|||||
||Theaverage monthly number|of fulltime equivalent employeesduringthe year wasasfollows:||||
||||2024||2023|
||||Number||Number|
||Teachingandadministrative||21||22|
|||||||
||||21||22|
Page 13
SEVEN HILLS EDUCATIONAL TRUST Notes to the Accounts
## 13 Tangible fixed assets
|Cost or revaluation
At 1 November 2023
At 31 October 2024
Depreciation and
impairment
At 1 November 2023
Depreciationchargefor the
year
At 31 October 2024
Net bookvalues
At 31 October 2024
At 31 October 2023
14 Debtors
Trade debtors
Prepaymentsandaccruedincome
15 Creditors:
amountsfallingdue within one year
Otherloans
Other taxesandsocialsecurity
Othercreditors
Accruals
16 Creditors:
amountsfallingdueafter more than one year
Bankloansand overdrafts
Othercreditors|Motor
vehicle
Fixtures,fitti
ngand
equipment
£
£
14,500
104,474
14,500
104,474
13,931
100,292
142
971
14,073
101,263
427
3,211
569
4,182
2024
£
373,186
723
373,909
2024
£
114,012
57,455
55,317
6,500
233,284
2024
£
17,516
3,075
20,591|Total
£
118,974
118,974
114,223
1,113
115,336
3,638
4,751
2023
£
353,571
723
354,294
2023
£
114,012
51,428
52,888
3,000
221,328
2023
£
27,240
2,225
29,465|
|---|---|---|
Page 14
SEVEN HILLS EDUCATIONAL TRUST Notes to the Accounts
## 17 Movement in funds
|17|Movementinfunds||||||||
|---|---|---|---|---|---|---|---|---|
||||Incoming||||||
|||At 1
November|resources
(including
other
gains/losses|||Resources
expended||At 31
October
2024|
|||2023||)|||||
||||£|||£||£|
||Restrictedfunds:||||||||
||Restrictedincomefunds:||||||||
||Grant|-|6,328|||(6,328)||0|
||||||||||
||Total|-|6,328|||(6,328)||0|
||Unrestrictedfunds:||||||||
||Generalfunds|112,387|575,493|||(554,195)||133,685|
||||||||||
||Totalfunds|112,387|581,821|||(560,523)||133,685|
||Purposesand restrictionsin relation to thefunds:||||||||
||Restrictedfunds:||||||||
||Grant||||||||
|18|Analysisofnet assetsbetweenfunds||||||||
|||||||Unrestricted
funds||Total|
|||||||£||£|
||Fixedassets|||||3,638||3,638|
||Netcurrentassets|||||150,638||150,638|
||Creditorsduein more than one yearand
provisions|||||(20,591)||(20,591)|
||||||||||
|||||||133,685||133,685|
||||||||||
|19|Reconciliation ofnet debt||||||||
||||At 1|||||At 31|
||||November|||||October|
||||2023|||Cashflows||2024|
||||£|||£||£|
||Cashandcash equivalents||4,432|||5,581||10,013|
||||||||||
||||4,432|||5,581||10,013|
||Borrowings||(114,012)|||-||(114,012)|
||Bankloans||(27,240)|||9,724||(17,516)|
||||||||||
||||(141,252)|||9,724||(131,528)|
||||||||||
||Net debt||(136,820)|||15,305||(121,515)|
||||||||||
Page 15
SEVEN HILLS EDUCATIONAL TRUST
Notes to the Accounts
## 20 Commitments
## Operating lease commitments
Annual commitments under non-cancellable operating leases are as follows:
|||2024|2024|2023|2023|
|---|---|---|---|---|---|
|||Land and
buildings|Other|Land and
buildings|Other|
|||£|£|£|£|
||Operatingleaseswith expiry date:|||||
||Pensioncommitments|||||
||||2024||2023|
||||£||£|
||The pensioncostcharge to thecompany|||||
||amounted to:||364||1,394|
|||||||
|21|Related party disclosures|||||
||Nameofrelated party|No related party transactionidentified||||
||Controlling party|||||
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 16
SEVEN HILLS EDUCATIONAL TRUST Detailed Statement of Financial Activities
## for the year ended 31 October 2024
||Unrestricte|Restricted|||
|---|---|---|---|---|
||dfunds|funds|Totalfunds|Totalfunds|
||2024|2024|2024|2023|
||£|£|£|£|
|Income and endowmentsfrom:|||||
|Donationsandlegacies|||||
|Donation|252,025|-|252,025|240,929|
||||||
||252,025|-|252,025|240,929|
||||||
|Charitableactivities|||||
|Fundraisingevents|58,812|-|58,812|43,752|
||||||
||58,812|-|58,812|43,752|
||||||
|Other tradingactivities|||||
|Feesreceivables|260,467|-|260,467|228,016|
||||||
||260,467|-|260,467|228,016|
||||||
|Other|||||
|Otherincome|4,118|-|4,118|-|
|Interest|17|-|17|1|
|Grant|54|6,328|6,382|9,155|
||||||
||4,189|6,328|10,517|9,156|
||||||
|Total income and endowments|575,493|6,328|581,821|521,853|
|Expenditure on:|||||
|Costsofother tradingactivities|||||
||-|-|-|71|
||||||
||-|-|-|71|
||||||
|Totalofexpenditure on raising
funds|-|-|-|71|
|Charitableactivities|||||
|Grantsmade|9,000|-|9,000|-|
||||||
||9,000|-|9,000|-|
||||||
|Governancecosts|||||
|Insurance|1,837|-|1,837|1,258|
|Telephone|421|-|421|2,028|
|BankchargesandInterest|362|-|362|339|
|Independent examinerfee|1,500|-|1,500|1,500|
||||||
||4,120|-|4,120|5,125|
||||||
|Totalofexpenditure oncharitable
activities|13,120|-|13,120|5,125|
|Other expenditure|||||
|Cateringcost|28,064|-|28,064|31,794|
|Feesandsubscription|4,316|-|4,316|6,375|
|UKentertainment|26,150|1,104|27,254|-|
Page 17
## SEVEN HILLS EDUCATIONAL TRUST
## Detailed Statement of Financial Activities
|SEVEN HILLSEDUCATIONALTRUST
DetailedStatement ofFinancialActivities|||||
|---|---|---|---|---|
|Bankloanand overdraftinterest
payable|925|-|925|925|
||||||
||59,455|1,104|60,559|39,094|
||||||
|Employeecosts|||||
|Salaries/wages|327,344|-|327,344|344,705|
|Employer'sNIC|16,390|-|16,390|16,897|
|Pensioncosts|364|-|364|1,394|
|Staffentertainment|7,316|-|7,316|5,439|
|Stafftraining|5,845|-|5,845|380|
||||||
||357,259|-|357,259|368,815|
||||||
|Motorand travelcosts|||||
|Vehicles-Repairsand
maintenance|700|-|700|310|
|Travelandsubsistence|5,151|4,188|9,339|9,883|
||||||
||5,851|4,188|10,039|10,193|
||||||
|Premises costs|||||
|Rent|21,999|-|21,999|6,150|
|Rates|16,455|-|16,455|21,584|
|Light,heatand power|45,361|-|45,361|43,013|
|Premises cleaning|1,084|-|1,084|3,862|
|Premisesrepairsand
maintenance|9,732|-|9,732|21,252|
||||||
||94,631|-|94,631|95,861|
||||||
|Generaladministrativecosts,|||||
|includingdepreciationand|||||
|amortisation|||||
|Depreciation ofMotor vehicle|142|-|142|888|
|Depreciation of Fixtures,fitting
and equipment|971|-|971|2,937|
|Bankcharges|968|-|968|1,708|
|Equipment expensed|3,719|-|3,719|2,108|
|Equipment repairsand
maintenance|770|-|770|-|
|Informationand publications|5,936|-|5,936|2,074|
|Stationeryand printing|3,871|1,036|4,907|10,616|
|Sundry expenses|417|-|417|724|
||||||
||16,794|1,036|17,830|21,055|
||||||
|Legaland professionalcosts|||||
|Accountancyand bookkeeping|1,500|-|1,500|1,500|
|Consultancyfees|377|-|377|8,166|
|Otherlegaland professional
costs|5,208|-|5,208|-|
||||||
||7,085|-|7,085|9,666|
||||||
||||||
|Totalofexpenditure ofothercosts|541,075|6,328|547,403|544,684|
||||||
|Totalexpenditure|554,195|6,328|560,523|549,880|
|Netgainsoninvestments|-|-|-|-|
Page 18
SEVEN HILLS EDUCATIONAL TRUST
Detailed Statement of Financial Activities
|Netincome/(expenditure)|21,298|0|21,298|(28,027)|
|---|---|---|---|---|
||||||
|Netincome/(expenditure)before
othergains/(losses)|21,298|0|21,298|(28,027)|
|Other Gains|-|-|-|-|
||||||
|Net movementinfunds|21,298|0|21,298|(28,027)|
||||||
|Reconciliation of funds:|||||
|Totalfundsbroughtforward|112,387|-|112,387|140,414|
||||||
|Totalfundscarriedforward|133,685|0|133,685|112,387|
||||||
Page 19