REGISTERED COMPANY NUMBER: 06545269 (England and Wales) REGISTERED CHARITY NUMBER: 1128369
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
FOR
THE ROCHFORD DISTRICT SCHOOLS PARTNERSHIP TRUST
Segrave & Partners LLP Chartered Accountants Turnpike House 1208/1210 London Road Leigh on Sea Essex SS9 2UA
THE ROCHFORD DISTRICT SCHOOLS PARTNERSHIP TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 8 |
| Detailed Statement of Financial Activities | 9 |
THE ROCHFORD DISTRICT SCHOOLS PARTNERSHIP TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of 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 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of the trust are to:
-
advance the education, welfare and wellbeing of the pupils at any school which is a qualifying school or at any other school which is a member, maintaining its obligation to promote community cohesion;
-
promote the advancement of education, welfare and wellbeing for the benefit of the public as a whole situated and resident or educated in the area served by Rochford District Council in the county of Essex.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
06545269 (England and Wales)
Registered Charity number 1128369
Registered office
The King Edmund School Vaughan Close Rochford Essex SS4 1TL
Trustees
J I S Osborn L A Nelson N A Paterson L J Walker K Sansom R A Harris (resigned 22.4.22) R E Goodier
Company Secretary K L Chant
Independent Examiner
N A Bailey ACA FCCA Segrave & Partners LLP Chartered Accountants Turnpike House 1208/1210 London Road Leigh on Sea Essex SS9 2UA
Approved by order of the board of trustees on 13 January 2023 and signed on its behalf by:
J I S Osborn - Trustee
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ROCHFORD DISTRICT SCHOOLS PARTNERSHIP TRUST
Independent examiner's report to the trustees of The Rochford District Schools Partnership Trust ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.
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 accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company 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 accounts 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
I have completed my examination. I confirm 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 true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts 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 accounts to be reached.
N A Bailey ACA FCCA Segrave & Partners LLP Chartered Accountants Turnpike House 1208/1210 London Road Leigh on Sea Essex SS9 2UA
14 January 2023
Page 2
THE ROCHFORD DISTRICT SCHOOLS PARTNERSHIP TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations 13,388 Investment income 2 9 Other income 186,600 Total 199,997 EXPENDITURE ON Charitable activities Costs of generating income 149,502 Other 20,358 Total 169,860 NET INCOME 30,137 RECONCILIATION OF FUNDS Total funds brought forward 21,132 TOTAL FUNDS CARRIED FORWARD 51,269 |
Restricted fund £ 10,000 - - 10,000 10,000 - 10,000 - - - |
2022 Total funds £ 23,388 9 186,600 209,997 159,502 20,358 179,860 30,137 21,132 51,269 |
2021 Total funds £ 11,356 4 6,545 |
|---|---|---|---|
| 17,905 | |||
| 6,589 1,410 |
|||
| 7,999 | |||
| 9,906 11,226 |
|||
| 21,132 |
The notes form part of these financial statements
Page 3
THE ROCHFORD DISTRICT SCHOOLS PARTNERSHIP TRUST
BALANCE SHEET 31 MARCH 2022
| Unrestricted fund Notes £ CURRENT ASSETS Debtors 6 46,875 Cash at bank 135,095 181,970 CREDITORS Amounts falling due within one year 7 (130,701) NET CURRENT ASSETS 51,269 TOTAL ASSETS LESS CURRENT LIABILITIES 51,269 NET ASSETS/(LIABILITIES) 51,269 FUNDS 8 Unrestricted funds TOTAL FUNDS |
Restricted fund £ - - - - - - - |
2022 Total funds £ 46,875 135,095 181,970 (130,701) 51,269 51,269 51,269 51,269 51,269 |
2021 Total funds £ 26,350 93,256 |
|---|---|---|---|
| 119,606 (98,474) |
|||
| 21,132 | |||
| 21,132 | |||
| 21,132 | |||
| 21,132 | |||
| 21,132 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance 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 with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable 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 Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 13 January 2023 and were signed on its behalf by:
J I S Osborn - Trustee
L A Nelson - Trustee
The notes form part of these financial statements
Page 4
THE ROCHFORD DISTRICT SCHOOLS PARTNERSHIP TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| £ | £ | |||
| Bank interest received | 9 | 4 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 2022 | 2021 | |
|---|---|---|
| Administrative staff | 1 | 1 |
No employees received emoluments in excess of £60,000.
Page 5
continued...
THE ROCHFORD DISTRICT SCHOOLS
PARTNERSHIP TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations 11,356 Investment income 4 Other income 6,545 Total 17,905 EXPENDITURE ON Charitable activities Costs of generating income 6,589 Other 1,410 Total 7,999 NET INCOME 9,906 RECONCILIATION OF FUNDS Total funds brought forward 11,226 TOTAL FUNDS CARRIED FORWARD 21,132 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Social security and other taxes Other creditors Prepaid income Accrued expenses 8. MOVEMENT IN FUNDS At 1.4.21 £ Unrestricted funds General fund 21,132 TOTAL FUNDS 21,132 |
Restricted fund £ - - - - - - - - - - 2022 £ 46,875 2022 £ - - 157 128,480 2,064 130,701 Net ovement in funds £ 30,137 30,137 |
||
|---|---|---|---|
| m |
Page 6
continued...
THE ROCHFORD DISTRICT SCHOOLS PARTNERSHIP TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
8. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds General fund TOTAL FUNDS |
Incoming resources £ 199,997 10,000 209,997 |
Resources Movement expended in funds £ £ (169,860) 30,137 (10,000) - (179,860) 30,137 |
Resources Movement expended in funds £ £ (169,860) 30,137 (10,000) - (179,860) 30,137 |
|---|---|---|---|
| 30,137 |
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.20 | in funds | 31.3.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 11,226 | 9,906 | 21,132 |
| TOTAL FUNDS | 11,226 | 9,906 | 21,132 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 17,905 | (7,999) | 9,906 |
| TOTAL FUNDS | 17,905 | (7,999) | 9,906 |
A current year 12 months and prior year 12 months combined position is as follows:
| m At 1.4.20 £ Unrestricted funds General fund 11,226 TOTAL FUNDS 11,226 |
Net ovement At in funds 31.3.22 £ £ 40,043 51,269 40,043 51,269 |
Net ovement At in funds 31.3.22 £ £ 40,043 51,269 40,043 51,269 |
|---|---|---|
| 51,269 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds General fund TOTAL FUNDS |
Incoming resources £ 217,902 10,000 227,902 |
Resources Movement expended in funds £ £ (177,859) 40,043 (10,000) - (187,859) 40,043 |
Resources Movement expended in funds £ £ (177,859) 40,043 (10,000) - (187,859) 40,043 |
|---|---|---|---|
| 40,043 |
continued...
Page 7
THE ROCHFORD DISTRICT SCHOOLS PARTNERSHIP TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2022.
Page 8
THE ROCHFORD DISTRICT SCHOOLS
PARTNERSHIP TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2022
| INCOME AND ENDOWMENTS Donations Gifts Voluntary income Grants Investment income Bank interest received Other income School fees received Total incoming resources EXPENDITURE Other Wages Pensions Support costs Governance costs Postage, stationery and website costs Accountancy fees Specialist support fees Clothing and bedding Sundry expenses Parent support group refreshments Total resources expended Net income |
2022 £ 1 11,287 12,100 23,388 9 186,600 209,997 20,001 357 20,358 311 1,200 155,661 2,285 13 32 159,502 179,860 30,137 |
2021 £ - 156 11,200 |
|---|---|---|
| 11,356 4 6,545 |
||
| 17,905 1,410 - |
||
| 1,410 100 864 4,875 750 - - |
||
| 6,589 | ||
| 7,999 | ||
| 9,906 |
This page does not form part of the statutory financial statements
Page 9