DELTA ACADEMIES CHARITABLE TRUST (A company limited by guarantee) TRUSTEE'S REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Company Registration Number 07082675 Charity Registration Number 1136622
DELTA ACADEMIES CHARITABLE TRUST CONTENTS YEAR ENDED 31 AUGUST 2024 CONTENTS PAGES Trustees, report Independent Examiners Report to the Trustees Statement of Financial Activities Balance sheet Cash Flow Statement Notes to the financial statements 10-14
DELTA ACADEMIES CHARITABLE TRUST TRUSTEES, REPORT YEAR ENDED 31 AUGUST 2024 The trustees of Delta Academies Charitable Trust, have pleasure in presenting its Trustees, Annual Report and Audited Accounts for the period ended 31 August 2024. structure, governance and management The organisation was first set up as a charitable trust and registered at the Charity Commission on 29 November 2009 (registered charity number 11366221. The Trust became a company limited by guarantee on 29 November 2009 (registered in England, number 07082675)- On 21 December 2016 the company changed its name from School Partnership Trust to Delta Academies Charitable Trust. The Association is constituted under a Memorandum and Articles of Association. The current Memorandum and Articles of Association were adopted by the members on 29 November 2009 and were amended by the members on 21 December 2016. The Association does not have a share capital, cannot pay dividends and must utilise all its funds to further its stated charitable objectives. Under the terms of the Memorandum of Association every member, as defined by Article 3 of the Articles of Association, is liable to contribute a sum if necessary and not exceeding £10 in the event of the Trust being wound up. Principal Activity Delta Academies Charitable Trust has developed a Foundation Fund, through the raising of donations and grants. The Fund is designed to assist students in the pursuit of excellence and promote international relations and enterprise. Officers in the year Trustees/Directors Mrs Karen Bromage Mr David Pitchfork Mr Paul Tarn Registered office and professional advisors Registered Office Education House Spawd Bone Lane Knottingley WF11 OEP Bank The Royal Bank of Scotland 5 Church Street Sheffield S11 HF Independent Examiners Armstrong Watson Audit Limited Chartered Accountants York House, Thornfield Business Park Northallerton DL6 2XQ
DELTA ACADEMIES CHARITABLE TRUST TRUSTEES, REPORT (continued) YEAR ENDED 31 AUGUST 2024 Objects of the charity The objects are specifically restricted to the following activities to ensure that a public benefit is achieved.. To advance education in the United Kingdom- To provide or assist in providing facilities for recreation or other leisure-time occupation that are provided at all times of the year, in the interests of social welfare with the object of improving the conditions of life of members of the public at large., To provide assistance to the charitable objects of any school which objects are not state funded., and To advance education for the benefit of the public, in particular but not exclusively, by a) Promoting the efficiency and effectiveness of Educational Institutions and the efficient and effective application of resources for such purposes, including by promoting and disseminating models of good practice and by the delivery ofsupport services generally to such institutions, and b) Advancing the education of people who work or volunteer in, or govern, educational institutions in order to assist those persons to deliver a high quality education to the pupils and communities served by those institutions. Main achievements and activities in the year Delta Academies Charitable Trust held a fundraising ball during the year (2023 - no major fundraising events). Grants payable of £4,161 {2023 - £5.580) were made during the year. Details of the grants are shown within Note 6 to the accounts. Connected Parties Paul Tarn is also a director of Delta Academies Trust. Going Concern The financial statements have been prepared on a going concern basis, which the Trustees consider to be appropriate for the following reasons. The charitable trust's primary activity is that of fundraising in order to award grants. The Trust can only award grants where funds are available, however the Trust will have sufficient funds, to meet its liabilities as they fall due over a period of at least 12 months from the date of approval of the financial statements. The Trustees therefore continue to adopt the going concern basis in preparing the annual financial statements Grant making policy Grants are payable through the Delta Academies Charitsble Trust Foundation Fund. The Foundation Fund is a fund which is open to all pupils and students within the schools and academies of Delta Academies Trust {Delta}. The fund is designed to assist pupils or students in three main areas. These are the pursuit of excellence, International Relations and Enterprise. Each application must fall into one of these categories. Details of the categories are detailed below.
DELTA ACADEMIES CHARITABLE TRUST (continued) YEAR ENDED 31 AUGUST 2024 Pursuit of Excellence The fund supports the pursuit of excellence and encourages the development of talent in young people whatever that might be. In the past, grants have been awarded to pupils or students who are excelling in their chosen sport, but the Foundation Fund does not only cover sporting achievement. Applications are invited from young people aged between 5 and 19, who attend one ofthe Delta family of academies. Intemational Relations." The Foundation Fund would consider applications from students or groups of students who would like to develop international links. In the past the Foundation Fund has contributed to exchange visits where it believes the visit will enhance student development and experiences. The Delta Academies Charitable Trust continues to develop its international links, and work is now commencing on links to every continent of the world. Enterprise." With a wish to support the local economy and local people, the Foundation Fund would also consider applications from students who once attended one of the Delta Academies Charitable Trust schools and academies, who would like to either start up a new business, or need funding to develop an innovative business idea. Applications are welcomed from local entrepreneurs up to the age of25. The money available in the Foundation Fund, are monies raised by staff and parents within the member schools and academies at various Trust wide events. students and pupils must formally apply for funding from Delta Academies Charitable Trust Foundation Fund. Each application will be assessed on its merits by the board and supported where the applications objectives match the grant criteria specified above. The board continually reviews the performance and outcomes of supported projects to ensure that the projected benefits are achieved. Due to the number of applications and the limited amount of funding available, any applicant who has received a grant or donation within the last Iwo years will be declined. Public benefit The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Association's aims, objectives and activities and this report seeks to comply with that guidance by clearly explaining and illustrating how the charity delivers public benefit. Reserves policy The trustees review the reserve levels of the charity annually. This review encompasses the nature of income and expenditure streams, the need to match income with commitments and the nature of reserves. The trustees have determined that all monies will be utilised for the purposes of the charitable objects in support of the applications made to the charitable trust.
DELTA ACADEMIES CHARITABLE TRUST (continued) YEAR ENDED 31 AUGUST 2024 Donations The Charity did not make any political or charitable donations in the period (2023.. £NILI Future Activities The next charitable Ball has been organised for March 2026. Statement of Trustees. responsibilities The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial yearwhich give a true and fair view of the state of affairs ofthe charitable incorporated organisation and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles of the Charities SORP (FRS 102)., make judgments and accounting estimates that are reasonable and prudent., state whether applicable UK Accounting Stsndards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable incorporated organisation will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable incorporated organisation's transactions and disclose with reasonable accuracy at any time the financial position of the charitable incorporated organisation and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of them. They are also responsible for safeguarding the assets of the charitable incorporated organisation and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by.. Karen Bromage Trustee Date.. 18 December 2024
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DELTA ACADEMIES CHARITABLE TRUST I report to the charity trustees on my examination of the accounts of the company for the year ended 31 August 2024. Responsibilities and basis of report As the charitable company's trustees of the company (and also its directors for the purposes of company lawl 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 charitable company'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 report I confirm that l am qualified to undertake the examination because l am a member of ACCA (Association of Chartered Certified Accountsnts}, which is one of the listed bodies. 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 2. the accounts do not accord with those accounting records., or 3. 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 4. 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. Simon Turner (FCCA) Armstrong Watson Audit Limited Chartered Accountants Northallerton Date.. 18 December 2024
DELTAACADEMIES CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 AUGUST 2024 Notes Unrestricted Fund Restricted Fund Total Total 2024 2023 Income and expenditure Incoming resources Donations Activities for Generating Funds Investment Income 961 25,802 275 961 25,802 275 203 286 143 Total incoming resources 27,038 27,038 632 Resources expended Grants payable Costs of generating Funds DACT Ball expenditure Festive Film Events Governance costs 4,161 4,161 5,850 11,922 11,922 302 1,416 1,258 1,258 Total resources expended 17,341 17,341 7,568 Net incoming l(outgoing) resources for the year 9,697 9.697 (6,936) Transfers Balances brought fOard at 1 September 2023 9,413 9,413 16,349 Balances carried forward at 31 August 2024 19,110 19,110 9,413 There are no recognised gains or losses other than those passing through the Statement of Financial Activities.
DELTA ACADEMIES CHARITABLE TRUST Registered Number 07082675 BALANCE SHEET 31 AUGUST 2024 2024 2023 Note Fixed assets Investments Total fixed assets Current assets Debtors Cash at Bank 28 20,295 2,075 8,751 20,323 10,826 Creditors: Amounts falling due within one year (1,213) (1,413) Net current assets 19,110 9,413 Total assets less current liabilities Funds Restricted funds Unrestricted funds 10 19,110 9.413 19,110 9,413 For the financial year in question the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial ststements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. These financial statements were approved and signed on behalf of the directors and authorised for issue on ece er 2024 Karen Bromage Trustee The notes on page 10 to 14 form part of these financial statements.
DELTA ACADEMIES CHARITABLE TRUST CASH FLOW STATEMENT 31 AUGUST 2024 2024 2023 Note Net Incoming l (outgoing) resources Decrease l (Increase) in debtors {Decreasel I Increase in creditors Net cash flows from operating activities 9,697 2,047 (200) 11,544 (6,936) 12,075) {1,000) 110,011) Change in cash and equivalents Cash and cash equivalents at the start of the year Cash and cash equivalents at the end of the year 11,544 (10,0111 18,762 8,751 20,295 8,751 The notes on page 10 to 14 form part ofthese financial statements.
DELTA ACADEMIES CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2024 Accounting policies Share capital The company has no share capital. The liability of the members is limited by guarantee, each member having undertaken to contribute such amount not exceeding ten pounds as may be required in the event of the company being wound up whilst he or she is a member, or within one year thereafter. Accounting convention The financial statements have been prepared under the historical cost convention. The financial ststements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standards applicable in the United Kingdom and Republic of Ireland (FRS 1021 and the Charities Act 2011. Going Concem The financial statements have been prepared on a going concern basis, which the Trustees consider to be appropriate for the following reasons. The charitable trust's primary activity is that of fundraising in order to award grants. The Trust can only award grants where funds are available. The Trust has sufficient funds, to meet its liabilities as they fall due over a period of at least 12 months from the date of approval of the financial statements. The Trustees therefore continue to adopt the going concern basis in preparing the annual financial statements. Incoming resources All incoming resources are recognised in the Statement of Financial Activities, when received ensuring no advance credit of monies are taken and to reflect prudent accounting practice. Governance costs Governance costs include those incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements. Accounting for separate funds The financial statements of a charity must differentiate beeen restricted and unrestricted funds. Restricted funds are funds subject to specific conditions, imposed by the donor or by the specific terms of the charity appeal. Unrestricted funds are all the other funds of the charity- 10-
DELTA ACADEMIES CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2024 2. Net Movements in Funds 2024 2023 Net movements in funds is after charging: Accountant's remuneration and Companies House filing fees 1,013 1,413 3. Donations 2024 2023 Income from Donations 961 203 4. Activities for Generating Funds 2024 2023 Income from Delta Charity Ball Income from Football Match Income from Yorkshire Three Peaks Income from Festive Film Events 23,526 541 1,735 286 25,802 286 Investment Income 2024 2023 Interest received 275 275 143 143 Grants Payable 2024 2023 Grants to individuals 4,161 5,850 Grants were made to three individual pupils from different Delta Academies. Further grants were paid directly to Carlton le Willows Academy. Green Lane Primary Academy, Pheasant Bank Academy and Wbers Wood Academy.
DELTA ACADEMIES CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2024 7. Governance Costs 2024 2023 Accountsnt's remuneration Companies House Bank charges Lottery licence 1,000 13 225 20 1,258 1,400 13 1,416 No trustees were remunerated by the charity. 8. Debtors 2024 2023 Prepayments and Accrued Income 28 2,075 28 2,075 9. Creditors 2024 2023 Accruals 1,213 1,413 1,213 1,413 12-
DELTA ACADEMIES CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2024 10. Funds Balance at I September 2023 Incoming Resources Resources Expended Transfers Balance at 31 August 2024 Restricted Funds Grants receivable Unrestricted Funds Donations Interest receivable Activities for generating funds 2,008 596 961 275 2,969 871 6,809 25,802 (17,341) 15,270 9,413 27,038 17,341 19,110 Total Funds 9,413 27,038 17,341 19,110 Incoming resources raised through activities for generating funds and donations made through sponsorship are expended on the general pursuit and completion of the charities objectives. As such the charity has transferred related funds to unrestricted reserves. Comparative information in respect of the proceeding period is as follows: Balance at 1 September 2022 Incoming Resources Resources Expended Transfers Balance at 31 August 2023 Restricted Funds Grants re1vable Unrestricted Funds Donations Interest receivable Activities for generating funds 1,805 453 203 143 2,008 596 14,091 286 (7,568) 6.809 16,349 632 7,568 9,413 Total Funds 632 7,568 13
DELTA ACADEMIES CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2024 11. Analysis of net assets between funds Unrestricted Restricted Fund Fund Total 2024 Current assets Current liabilities 20,323 (1,213) 20,323 {1,213) Total net assets 19,110 19,110 Comparative information in respect of the proceeding period is as folloNvs: Unrestricted Restricted Fund Fund Total 2023 Current assets Current liabilities 10,826 (1,413) 10,826 (1,413) Total net assets 9,413 9,413 12. Related party transactions The charity was not under the control of any one individual during the year. No trustee received remuneration from the charity in the year (2023: £NIL). No trustees, expenses were reimbursed during the year (2023.. £NIL). Paul Tarn is also a Trustee of Delta Academies Trust. Grants of £3,661 {2023= £3,000} were paid to Delta Academies Trust schools to pass on to the relevant students. These included £1,325 Carlton Le Willows towards the costs of an international trip, £300 Green Lane Primary Academy towards costs towards a pupil who was scouted to play football, £1,536 Pheasant Bank Academy towards the costs of uniform and travel costs for their choir and £500 Wybers Wood Academy towards the costs of music lessons for a child in their academy. No further transactions with related parties were undertaken during the year such as are required to be disclosed under the Charities SORP (FRS 102). 14-