Company Number: 06724508 Charity Number: 1139447 AREA 51 EDUCATIOIN LTD Report and Accounts for the year ended 31 July 2025
AREA 51 EDUCATIOLY LTD Report and Aeeounts for the year ended 31 July 2025 INDEX Page Number Trustees. (Directors'} Annual Report 5t07 Independent Auditors. Report St(Itement of FinanLial ALtiviti¢s Balance Sheet Statemeni of Cash Flows I to 17 Notes fom)ing part of the Accounts Tbe following pages do not form part of the statutory aecounts: 18 and 19 Detailed Incoine and Expenditure Account
AREA 51 EDUCATIOLY LTD Company Information Company Number: 06724508 Charities Number: 1139447 Registered Office l Mallard Placc Coburg Ri)ad London N22 6TS Trustees (and Directors) Mr D Stansell - Chairman and Secretary Mr N Fryars- Tr¢asur¢r Senior StAff Miss N Quartennan Auditors Dickinsons Chartered Accountants Brandon House First FIOOT 90 The Broadway CheshaTn Buckinghamshire HP5 IEG Bankers National Westminster Bank PIC POBox4115 Essex RM12 4DF
AREA 51 EDUCATION LTD Trustees, (Directors,) Annual Report for the year ended 31 July 2025 Trustees, Annual Report The Trustees submit their report together with the audited accounts for the year ended 31 July 2025. The accounts have been prepared in accordance witli tl)e C.oinpanies Act 2006. the Charities Att 2011 as ainei)ded by c.harities Act 2022, the memordnduin and Articles of Association and AcLounting and Reporting by C.harities.. Stateinent of Recommended Practice applicable to Lhaiities preparing their accounts in accordaiice with the Financial Reporting StandaTd applicable in the UK and Republic of Iieland {FRS 1021. This report is also a directois, report as required by the Companies Act 2(M)6. as all trubtees are direLturs. Structur< Governance and Management The Charity is constituted as a company, limited by guarantee, it does not have any share capitsl and it is governed by its Meinoiandum and Articles of Association. The rnanagement of the Charity is the responsibility of the Ttustees who are also appointed dire¢tors of the company. New trustees are appointed on the recommendarion of existing tnLsrees being deemed ro hape appropriate experience and knowledge for the role. The fotmal proceduies for induLtin¥ trubtees, however, any new trustee appuinted ivould be praLtically awaTe of the work undtrtdken by the Chdrity dnd suppurt Ib Ltlways provided by thc founding trustevs. Details of related party transactions, IvheTe applicable, can be found in the notes to the accounts. The day to day running Lif the Charity is undertaken by a senior staff member. Miss N Quartemian. Trustees meei on a regular basis to discuss perfomiance and set iargets for longer tem) goals. Objectives atld ActiTrities Area 51 Education Ltd is a charitable organisation whobe aims are: To advancc th¢ ¢ducation of p¢opl¢ with lcarning difficulti¢s and dIbIlIti¢$ in th¢ dcvclopmcnt of functional skills for lif¢ and work. The elimination of discrimination on the basis of leaTning and/oT physical disability. The proinotion of social inclusion among people with learning anwor physical disabilities and their lamilies who are socially excluded from society or part of society as a result of their disabilities by.. Raisinb public awaTeness of the issue5 affecting people with learninsF andlor physical disabilities and their fainilies, and; Providing a positive model for continuing education for people with learning andlor ph}1gical disabilities after compulsory school-leaving age. To advance in life and help young people with learning andlor physical disabilities through providing support and activitle5 which develop tlieir skills, capacitie5 and capabilitie5 to enable them to patticipate in society as independent. mature at)d re%ponsible individuals. To acl as a resource for people with learning andlor physical disabilities living in the area of London by providing advice and assIsl¢e at]d orgFanising prograinnies of physical, education and other activities by advancingT education and relieving uncmploymcnt. Providing i'ecreational at]d leisure time activity in the interests of Social welfare for people living within the area of benefit who have need by reason of their &ge, infirniity or disability, povety or social and economic ¢ircumsian¢es with a view to iinprtsvin¥ the conditiuns ot lilt ul'buch peibuns. To promote the social and economic inclusion. flir the public benefit, of people iviih learning )nd/or physical disabilities whts are excluded as a result of their disability by providing tspportunities for tlie dev¢lopineiit of employment in bocial ¢nt¢rpris¢ compani¢s.
AREA 51 EDUCATION LTD Trustees, (Directors,) Annual Report for the Vear ended 31 July 2025 In shaping our objectives and planning our activities. Ihe Trustees confirn) that ihey have referred to ihe guidance contained in the Charity Commission's general guidance on public benefit and have complied with section 4 of the Charities Aci 201 l as amended by Charities Act 2022. Thc Trustccs considcr that th¢ charity cxists for th¢ purpos¢ of thc local publi¢ bcncfit within thc North London Boroughs of Haringcy, Hackncy, Tow¢r Haml¢ts, Enficld, Barnct, Waltham Forcst, Islington and Camdcn. The frllstees have considered the Charity Cominission's gllidance on public benefjt, including the guidance 'public benefit.. nning a chaTity IPB2)'. Risk Assessment In order to coinply with the Statement of Reconiinended Practice for Charity Accounts (FRS 102) a review of the inajor Tisks to which the charity 15 exposed ]d the systems tliat hclve to be established to initigate tliose risks has beeli carried out. Tlie Tru5tee5 receive regFular report5 and these are moi)itored on aii ongToingF ba515 at Board Level. AehleTrements and Performance Area 51 has finished impleinenting the Perfomiance Impioi'einent Action Plan that was drawn up after the 2022 OFSTED inspeLtion. The proi'ision has been sucLessful in improi'ing ils delivery capability and strengthening its management in the rinancial year 2024-5. we are confident that these improvements provide a sirling basis for continuity. Specific evidence for this view includes.. The latest Ofsted inspeciion returned the prlivision to a Good rating. The provision has been gu¢cessful in improving the manageability of staffing costs. Specifically, by enlarging the support workcr basc 8lightly, it has provcd po8%iblc to %ignificantly rcducc dcpcndcncc on agcncy 8taff. Thc Adult Day Scrvicc ha% bccn.%ucccssfully movcd from Pamia Hou%c to a ncw location at 15A Tottcnham Lanc, which also offcT8 morc capacity. A new web8jte is in place and %es%ional workshops are now being adverti%ed. Service delivery performance was good during the year. and staff niorale 15 in general good. Financial perforniance was slightly disappointing; the shortfall recorded in these accounts was largely diie to staff cost5 inflating faster than was anticipated when levels I.ere set for Adult Day Service charge5 and Edllcation E3 top-up nding. Future Developments and Strategies The Directorb see three Tnain challenges foi the corning two years.. ALLummvddtion for the Education prvvibion. LungF tetm financial viability uf the EduLkilivn provisiun. Coping 'it1) slow paynient of agreed leamer funding. Ac£ommodation for the Education provision Haringey Council has notified the provision that they iniend 10 sere notice on l Mallard Place. as it requires the site for a deielopment project. The provision is Currently negotiating with the Council lo ensure that it can complete the current year at I Mallard PlaLe. The provision is seeking a new location for the Education pr(>vision. A neiv location must be found by the end of March to enable a start at this ne. location in September 2026. So far at least one location has been found tliat 3ppears suitable, although some adaptation will bc n¢¢d¢d, for which rcslrictcd rcscrv¢s can b¢ uscd,. th¢ provision is also planning to scck additional grant funding to support thc movc. Th¢ r¢ntal and oihcr costs for candidat¢ lo¢ations idcntifi¢d so far do not cxc¢cd thos¢ for l Mallard Plac¢. Long term financial l'iability of the Education provision Demand for placements in the Education provision continues to be sirong. However, councils, ability and willingness to pay for these placements continues 10 be under severe stress. Refusal to accepi cost increases is an increasingly common occurrence. Recent cost analysis suggests that ihe Education actii'ities are making a signifiLani loss of almost 10 /. This is clearly unsusrainable.
AREA 51 EDUCATION LTD Trustees, (Directors,) Annual Report for the year ended 31 July 2025 The Adult Day Service PTovision does not seem to be affected in the same way. Although there are sornetime5 disagreernents on charges, in geiieral demand for placements is strong and in ]nost cases willingness to pay is not a problem. We expect the margin on these activities in the current year to be healthy. The Directors and the manageinent of the provision therefore plan to hold a slrdtegic review in the first quarter of 2026 to deteTmine an appTopriate iespon&e. Tliis could iiivolve a rebdlancing of the aLtivitie5 OT in ali extreine Labe clobure uf tl)e Educdtion provision. However, at the Tntsinent we do not anticipate Closure, as we expect that some- but Tna5,be not all- councils would prove highly motivated to avoid this. Coping Trvith slow payment of agreed learner funding Area 51 is experiencing slower paymen¢ of agreed leamer funding in almost all areab than has previously been obberved. This is a significant risk io operations. as il only has cash in hand lo supportjusl over a month ofoperations. Delaying payments is nol an option for staff cosi$168;',1 or accommodation 117 /.}, leaving only two viable avenues.. Strengthened chasing of funding amounts due.. this applies both to Adult Day Service invoices and agreed Education funding. Working capital financc.. this would incuT intcrcst chargcs but may nccd to bc considcrcd. FiDancial Review The Staternent of Financial Activities for the year is set out on page 8 of the accounts. Om'ing to its Status as an Independent Specialist Provider, the Charity ieceived bTrants from tl)e Education Fundin¥ A¥ency and Local Authorities. Durin¥ tlie year incoine amouiited to £2,253,601 {2024.. £2,025,045). Staff costs are the Charity's core Costs in meeting its objectives: these have ii)¢reased froin £1.337.436 in the prior year to £1.498.861. The rebult tor the yeai is a deficit of £66,305 {2024.. £49.6851. Statement of Trustccs, Rcsponslbllitles Company law requires the Trusiees to prepare accounrs for each financial period which, give a true and fair view Lif rhe state of affairs of rhe Company and of the surplus for that period. In preparing Ihose accounts the Trustees are required to.. Select suitable accounting policies and then apply them consistently,. Observe the methods and principles of the C'.harities SORP., Make judg¢ment.% and estimates that are reasollable and prudent,. State whcther applicable UK Accounting Standards have been followed, subject to any material d¢partures disclosed and cxplaincd in thc accounts; and Prcparc th¢ accounts on th¢ going ¢onc¢m basis unl¢&s it is inappropriat¢ to pr¢suin¢ that th¢ ¢oinpany will continuc in busin¢ss. The Trustees are responsible for keeping proper a¢couniing records which disclose, with reasonable accuracy ai any time, the finan¢ial position of the C;ompany and to enable them to ensure the accounts have been properly prepared in accordance with the Provisions of the Companies Act 2000. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps tor the prevention and detection of fraud and other irregularities. So far as the Trustees, are aware, Ihere is no Lither relevant audit inforniation of which the Company's Auditors are unaware and thev have taken all the steps ihai they ought to have taken as F)irectors in order 10 make themselves aware of any relevant audit infomiation and to es(ablish thai the Compansw's Auditors are aivare of that inforniation.
AREA 51 EDUCATION LTD Tryst¢es' (Directors,) Report for ihe ytar eThded 31 July 2025 Area 51 Educ4tioL also as The Jd>tt twey Spe¢ia]iSLColltKt is limi'd by and has 5harc capital. Under the provisioDS of the Cornpany's ffteTnoraDdwD of Is)GiOEl, each mernbcr wdd tr¢ rcquirfd th c•mTiFwre • sum ¢ excecding £1 foi Ehe payffltht of thedebts of tbE ConJpaDy in thc evcDt of R deficiew of o&scts on R witt llp of the Cowy. The Company is d rcgistrred chaTity under thc Chities Aci 2011 as amettdEd by Chilics AO 2022 with regthtil nwnb¢r 1139447. Thc CA>tnpally NutDbLT LS 06724508. Rescrves Polky Thc Truccs have ttthblished a wjlicy to mailltain reserve5 at a kn'el sufficiL to sccvrt ftt suitable. lothg ttrrn premise5 wh¢Tr these be found. As 8t 31 July 2025 unrestri¢ttd rtsetvts amollhttd £354,207 {21Y24.. £428.4fAII and r¢strictrd rfs¢rvrs £89.708 {2024.. L81,7(4)). Trll$tee& Jd Dirtttors The TruSteeslDi¢tors who scrvcd thLring lh¢ y¢ar.wcr¢ follow5: Mr D Smnsell Mr N Fryar5 Thv Audtlors. Dick1z]so Charte Accountants have indicAtC41 they #re willing to b2 re*Wl1£dHtthc fonl)illg Annuaj Gc•cral M¢thn8. EiemptltsD Statement Tht accounts have been prepared LD accordanct with the specrdl provisions for small tomeS uDtkr Parf 15 orth¢ CoJwi¢s Att 2006. By Order Df the BoaT(I.. Mi N Fryar5
AREA 51 EDUCATION LTD Independent Auditors, Report to the Trustees for the ear ended 31 Jul 2025 Opini(b We have audited the financial Statement of Area 51 Education Ltd for the yeaT ended 31 July 2025 which compri8e the Statement of Fit]ancial Activities, Balance Sheet, Staten)enl of Cash Flows and the related notes and notes to the fjnancial statements, including a suminary of signifjcant accounting policies. The financial reporting framework that has been applied in their PTeparation is applicable law and United Kingdoin Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). Jn our opinion. the financial statement5'. give a true and fair view of the state of the company's affair5 as at 31 July 2025 and of it5 deficit for the year then ended; haN'e been properly prepaTed in accordance with United KingFdom Generally Accepted A¢countlIibF Practice.. have been prepared in accordance w'ith tl)e requireinents of Ihe C".ompanies Act 2006. Basis for oplnio We condii¢ied our audit in accordance '1th Tntemational Standards on Auditing IUKI IISAS {UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors responsibilities for the audit of the financial siatements s¢ction of our report. W¢ are indcpendent of the charitable company in accordance with th¢ ¢thical requirements that are rel¢vant to our audit of the finat)cial statements in the UK, incliiding the FRC'S Ethi¢al Standard and the proN'isions availablc for small ¢ntiti¢s, in the circumstances set out in note 3 to the financial statements and we ha'e lfilled our other ethical respon.%ibilities in accordanc¢ with thcs¢ rcquircJn¢nts. W¢ bcli¢vc that thc audit cvid¢nc¢ w¢ havc obtain¢d is suffi¢i¢nt and appropriat¢ to providc a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, llse of the going concern basi5 of accounting in the preparation of the financial staternents is appi'opriate. Based on the work we hdTre pertonned, we hklve nut identified any terIal uncertaintieb relatin¥ to events. or Lundition thai, individually or collectively, tnay cast significant doubt on the charitable Lotnpaiiy's ability to continue as a going concem for a period of at least twelve inonths froin when the financial siateinent5 are authoii5ed for issue. Oui iebponsibilities and tlie respoiisibilitie5 of the trustees with respect to going concern aTe desciibed iii the relevant becti0115 of this report. Other information The other inforniation comprises the infomalion included in the annual report, other than the Iinancial sialemenis and ouraudilors, report thereon. The truslees are responsible for the other infomlalion. Our opinion on the financial slaternenls does not cover the other inforniation and. except to the exieni othenvise explicitly stated in our report, we do not express any forni of assurance Conclusion thereon. In Connection ivith our audit of the financial statements, our responsibility is to read the other inforniation and, in doing $0, Consider whether the other infonnation is materially incon8j%tent with the financial 8iatements or our knowledge obtained in the audit or otheN'i8e appcars to be materially misstated. If we identify quch material inconqistencies ()r apparent material misstatements, we are requircd to deterniine 'hether there 18 a material mis8taiement in the financial staternents or a material misstatement of the other intorniation. If. based on the work we have perfomed, we conclude that there is a material misstaternent of thi% other information, we are required to report that fact. We have nothing to repon in this regard. OpinioTh on other matter5 prescribed by the Companies Act 2006 Jn oui" opinion, bSed on the work undertaken in iht cour&e of the audit-. the infolynation given in the tTUStee5' report. which includes the director5, report prepared for the purposes of company law, for the fiiiancial year for which the financial statements are prepaTed 15 Cotisistent ivith the financial statements; and the diTectors' report included in the tru5tees' rert ha5 been prepared in accordance with applicable legal requireinents.
AREA 51 EDUCATION LTD Independent Auditors, Report to the Trustees for the ear ended 31 Jul 2025 Matters svhi¢h we are required t(b report by exception In the light of the knowledge and understanding of the company and it8 environment obtained in the cour8e of the audit, we have not identified material misstatements in the directors, report included in the triistees. report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion.. adequate and proper accounting records have not been kepL OT retutns adequate for our audit have not been received fro branches not visited by u5; or the finaiicial staterneiits are not in agreement with the accounting records and returns. or certain disclosures of trustees reinuneTation specified by law are not made., or we have not recei.cd all the infonnalion and explanatiot15 we require for oiir audit; or the trustees were not entitled to prepare ihe financial s¢ateinents in accordance with the sinall companies regime and take advanrage of Ihe small companies, exemptions in preparing the trusiees, report and from ihe requirement to prepare a strategic Teport. Responsibilities of trustees As ¢xplain¢d mor¢ fully in the trust¢¢s' responsibilities stat¢m¢nt s¢t out on page 3, the trust¢¢s (who ar¢ also th¢ directors for th¢ purpose.s of company lawl are respon%ible for the preparation of the finan¢ial statement% and for being satisfled that they give a trne and fair view, and for such internal Control as the trustees deterniine is necessary to enable the preparation of finan¢ial statements that ar¢ fr¢¢ frojn mat¢rial misststcm¢nt, wh¢th¢r du¢ to fraud or crror. In preparing the financial stateTnents, the trustees are responsible for assessit]g the company's ability to continue as a going concem, disclosing, as applicable, matters related to going coiicern and using the going coiicern basis of accounting unless the trustees either ijitend to liquidate the coinpany or to cease operation5, or have no realistic alternative but to do so. Auditors, responsibilities for tbe audit of the fiDancial statements We Iiave been ppointed as iiuditor under 5144 1)f Charities ALt 2011, atnended by Charities Act 2022, and report in iKLurdance with the Act and relevant regulations inade or having eflect thereunder. Oui objeLtive5 are to obtaiii i"eabondble assuTaiice aknut wlitther the finanLial st£LtementS a5 a whole aTe free fTOrn Tnaterial Tlli55tatemtnt, whether due to fraud OT error, and to issue ali auditors. report tliat includes oul opinion. Reasonable assurdnLe ig a hi¥h level of aSSUldrice, but is not a ¥UillaTltee that dri iiudit conducted in accorddiice with JSAS IUKI will dlH'dyb detect () material misstaiement when it exists. Missiatemenis can arise Irom fraud or error and are considered material it.. individually or in the aggregate, they Lould reasonably be expeLted to iiifluence the economic deLisions of users taken on the basis of these finanLial statements. Irregularities, including fraud, are insiances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above. to detect material Inisstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. Our approach was as follow's.. We obtain¢d an understanding of the legal and regulatory frameworks that are applicable to the entity and determined that the most significant are tho8e that relate to include the c.ompanies Act 2006, and relevant tax legislation. We conununicated identified laws and regulations and potential fraud risks to all engagement teain inernbers and reinained alert to any indication5 of fraud or non-coinpliance witli laws and regulations tiiroughout the audit. We examined discussed with Inanageinent any known or sllspected instances of fTaud or non-coinpliance witli laws and regulations.
AREI A SI EDUCATION LTD TndepcndeTIt Auditors9 Report to the Ti'u5tees for the e&r ended 31 Jul 2025 We assessed thc i'isks of matcrial Tni%%taleinent in respect of fraud as follows.. Tbe audtt leam questioned ivlicthci thci? werc any airas that were susceptible to miss181tmcni aspit of theii. fixud discussiDIi. addsSi1 the iisk of rnatyeiDeDt override of conttY)Is, wc t¢sled the appropriateness ofjournal entiie6 witji a focu8 0]L latge or ttsal li?n$a¢tions based on ciiteria de11Ul¢d using our kijowledge of the busin and industiy. We also challettged asgumptlolls aDd juogemeiits made by management its Ilieir signifiuntaccouoting e$timal¢s &nd judgeinents. Wc incoTporaled an element of uttpredi¢tabiltty in the selcctieii of tlie nature, timiJJ& ai)d exlentof our audit proc¢dures. Based otk the Y¢8uIts of our nsk assessÈttet)t we designed otty audit proceduiEs lo identify attd to 8ddres8 material Misstatements in relatiott to fraud. incliiitin8 designing audit proceduiys 10 &rfdTCSS, foi ¢xarnple.' I'lie possibility of fraudulciil . coirupt paym¢tLls made tbrougb thÉtd paitie5. The rtsk of bi'ibcry and COETupIion. The oppoituniiy lo segregttt dutits Ivithin Ilie entity. Based on tlit I.eslts of our risk a8&essment w¢ d¢5ign¢d oU[aL1t pmcedU to identify non-conTrpliance witli 8uch laws iegulalions ideiilified abov Usiiig out geTrci'al CDTrtmercial scctor experience IhiDugh discus8ioiis willi Inanagwnent, wc identifjed w'cas of laws attd regulations that could reasonably be expe¢ted to hav¢ & iiiateiial effectoii the f&tI#l stateinenls as well as those arising frorn nnag¢ll}ellt.s own absess]ent of therisks that irrcgularities mty occur either bccausc of fd or eOr. The eiigagement paittter coiJ$tders tlie cJJgageMcii( collectively had the 4)propriat¢ COllRpetence and Capabilities to Èdelltify oi rccogttisenott-¢ompliance wiik laws and i¢gulations. We Collsidered th¢ ¢xlcllt to wliich tbc audit was ¢on$idercd capable af dclecting iriegularities.. TheiE ar¢ inlier¢nt li]nilations in the audit piD¢edurcs descr[ ed abtsv¢ and the rtjnlitr removed non.compli¥Lnct with laws and rcgulaiEorts is from tlic evellts aiid IiaiLSaCtions reflectcd Tn the fiitsncial 8latemefits, Ihc less likely wc ivould tOmC awai'e of il. Also, the iisk of not detecting a ni&t¢tsal n]iSstaleiillt due lo lid is higher than Ihc i.isk of notdeteeringolle frorn eLTOI', as fralld ]nay ii)volvc deliberate con¢¢alm¢nl by, for ex¥Jrnple, fL)rgery or iThreJ)iional mi$r¢pftsentation, or Ihrougli tollu510EJ. A fuithcr description of our respon8ibiltli&s 15 available on Ilje financial lieporting CoullciI'5 w¢bsÈte at.. http$.'Ihvww.frG.OTg.uklauditotsresponsibilities. This dttcription foLlllS part of our uditors r¢p)TL Use of 0. report This I'epoit ]% made solely to tlie Cliaiitable CoD]pany's memberx, as & body, tn accoidance ivith Chapt. 3 of PArt 16 of the Co]npni¢s Act2006. Oui. audit wal'k heell undertaken go thatwe night state to the Comp8ny'8 membeis thosc etterS we are requiiEd lo st&tc lo th4 in Ètt auditor's repoi't foi'tto other pWS¢. To Ihc fidlt%t exleiil pei'initlcd by law, w¢ do not accepLIn' assuine responsibility to anyoii¢ other tli&n tlie cotnP3ny 8lld the Compaiiy'$ IneJnb¢LE as a body. for our &uditwoi'l for tlit% pOIL orfor the opinions w¢ have fonned. Domlnlc C#dti' {Senlor Stathtoyy Audltoi.) for aThd on IjehaD(DILk1s4kn$, St#trY Audltor BrandoTh Hol¢ First Floor 90 The BiadWaY CheshaT BuckingliaTn5hiT¢ HP5 IEG ..25lQ312Q2fj.......................... .. Date
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AREA 51 F.DUCATION I.TD B#lAn¢e Sbeet ChArity 1139447 a$ at 31 July 21125 Aslt Ji Juty 2025 A6•1 31 Juty 2024 Tdngible fixed a5s¢ts 13 40.326 20,180 Curr¢Dt Debior5 Cash at bank and ID hattd Is 3(K)251 418.195 273.368 589.427 718.446 862.795 Crtdltors: fllkn8 due ltkkn Dnt year 16 1314.857) 1372.755) Ntt¢ cutrent S8ets 403.589 490.040 Tot1 a55et5 kss cllrrent Il*bltitlt5 443.915 510320 Fuhdb of tht ¢harhy R¢striCiEd incsjmc funds lJTrresc1ed ino)Jnc fiLrtds 18 18 89,708 354.207 51.700 428.460 Totsl fun 443.915 510220 tA Thcsr a¢¢OWLtswere appmvr4 by the boaTd on .... 0? Mr N Fryars Truitce 7he nots$ On fft7ges 11 th J7fvm porl ofihese occounts.
AREA 51 EDUCATION LTD Statement of Cash Flows for the year ended 31 July 2025 Notes 2025 2024 Cash floTrvs from opernting activities Cash absorbed by operations 22 145,820 46,252 Net eash (outflow)Ilnflov*' from operatlng gctlvltles 1145,8201 46,252 Investing activities Purchase of tangible fixed assets Proceeds from the disposal of tangible fixed assets Interest received (31,021) {1,718) 1,697 5,615 Lyet cash (us¢d)Ire¢eived in investing Activiti¢$ 25,406 6,608 Flnancing Actlvlties Rtpdymenl Ol'Bow]D¥s Net Cash paid from Financing Aetivities LYe¢ (de¢rease)lincregse in cash and cash equivalents (171,232) 51,163 Cash and cash equivalents at beginning of year 589.427 538,264 Cash and cash equlvalents at end of year 23 418,195 589.427 The Fioles on pages Jl to 17form parl o(Ihese accounts.
AREA 51 EDUCATION LTD Notes forniing part of the Accounts for the year ended 31 July 2025 Principal Accounting Policies Accounting Conwention The accounts have been prepared under the histOTical cost convention. tl)e Statement of ReLoinniended PTactice ac¢ountingT and ReportingT by Charitie5 in aceorddnce w'ith the Financial Reportingl Standaid applicable to the UK #nd RepubliL of Iieland IFRS 1021. tlie Coinpanies Act 2006, and the Charitieb Act 2011 as amen(led b}. Cliarilies Act 2022. The accounts include the iesults of the charity's operation5 which are described iii tlie Trustees, Annual Report. The financial statements are prepared in sterling, which is the functional currency of the company. Moneiary amounts in these Iinancial statements are rounded to the nearest pound. The trustees consider that the charity exists for the purpobe of the local publiL benefit as defined in section 4 of the Charities Act 2011 as amended by Charilies Acl 2022. Going Concern Thc TrUStcc havc adoptcd the going conccm basis of accounting in prcparing thc financial statcmcnts. Thc Trustccs are sati%ficd thc charity ha% %ufficicnt rcscrvcs and accc%s to thc finan¢ial %upport ncccssary to mc¢t working capital rcquircmcnts and cnablc thc company to rcTnain in opcrational cxi8tcncc foT thc forc%ccablc fllTC. Incoming Resource5 Total incoming resources as Show in the Statement of Financial Activities when the charity is legally entitled to the inconie and the amount can be quantified ivith reasonable acciiracy. Resources Expended Expei)diture is acLounted for on an accrnals basis, recognised when a liability is ii)curred. and classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis ¢onsistei)t with the use of rebouILes. Basic findncial (Issets, which include debtors and cash and bank balances. are initially measured at transaction price including transaction cost and are subsequently Larried at amortised cost using the elTective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rare of inierest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilitic8, including crcditor% and bank loans, arc initially rccogni%cd at tractIOn pricc unle.%9 thc arrangement COllStitute% a financing transactjoll, where the debt ingtrument is mea8ur¢d at the pr¢s¢nt value of th¢ future re¢eipt8 discounted at a market rate of it)terest. Financial liabilities classifi¢d as payabl¢ within one year are not amortised. Depreciolio Tangible as5et5 are stated at Cost less depTeciation. Depreciation is provided at rate5 calculated to write off the cost, less estimated residual value of each asset oi'er its expected use7 life, as follom's.. Leasehold iTnprovementS Plant at]d Tnachinery Fixtures littin¥s -straight line oveT the lease teTm -25 ID Otl NTlttei1 domq) value -25°/o Oti Hitten down value Impoirment of Fi¥edAbbe15 At eacli reporting PeTiod end date, the company reviews the carrying amounts of its tangiible assets to detennine whether there is any indication that those assets have suffered an iTnpairnient lobb. If any such indication exibtb. the ieLoveTable amouiit ot'the asset 15 e5tiinated in ordei to deteimiiie the extent of the impdirment loss (if any). Wliere it is not P085ible to estimate the recoverable amount of an individual asset. the company esiiinaies the recoverable amount of the cash- generating unit to which the asser belongs.
AREA 51 EDUCATION LTD Notes forniing part of the Accounts for the year ended 31 July 2025 Principal Accounting Policies (continued) ReLoverable amount IS the higher of f&ir value le&5 COStS to sell and value in use. In abse5singF vulue in use, the estimated future cash flows are discounted to tlieir PTebent value using & pre-tax discount rate that reflects current maiket assessments of tlie time value of iknoney $d the risk5 specific to tlie asset foT wl)ich the estimates of future cash flows have not been adjusted. Il'the recoverable amount oran asset lor cash-generating unit} is esiiinared to be less than ils carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amouni. An impairnieni loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount. in which case the impairnient loss is treated as a re*alu&tion decrease. Recognised impairmenl losses are reverseLt il-. and only if, the reasons for the impairineni loss have ceased io apply. Whcrc an impairmcnt loss siibscqucntly rcvcrscs, the Carrying amount of thc ÉlSSCt lor Cash-gcncrating il[l is it)crcascd to the revised estimate of its recoverable ajnount, but so that the increased carrying amount does not exceed the carrying amount that would have bccn dctcrmincd had ni) impairmcnl I0.S bccn rccogliied for thc as%ct Inr cash-gcncrating unit) in prior ycars. A r¢vcr%al of an impairm¢nt lo.%s 18 rccogniscd immcdiat¢ly in th¢ profit or I0.s, unIcS thc rcl¢vant as%¢t is carricd at a rcvalucd amount, in which casc thc rcvcr%al of thc irnpaiTmcnt lo%% is trcatcd a rcvaluation incrcasc. Leases Rentals payable under operating lease5 are charged against income on a straight line basis over the lease terni. Government Grants Government bTrants are recogni5ed at tlie fair value of the asset received or receivable when there is Teasonable assurance that the grant conditioi)s will be Inet and the grai)ts ivill be received. A grant that specifies perfomjance condititsns is recognised in income when the perforniance conditions are met. Where a gtant does not specily peilomai)ce Londitions it is re¢ugnised in inctsme when the prtsceeds are received 01 receivable. A gtant reLeived before the recognition criteria are satisfied is reLogiiibed as a liability. FurtdAccoMn¢ing- Unreslricted Funds Unrestricted funds are those which are available for use at the discretion of the Trustees in the furtherance of the general objectives of the charity and which have not been designated for other purposes. Tnvestment illCL)me, gains and losses are allocated to the appropriate fund. Restrictcd fund% ar¢ to be u%ed for specific purpo8¢s as laid down by the donor. Expenditure which m¢eLs these criteria i allocated to th¢ fund. Retirement Benefils Payments to defined contribution retireinent benefit scliemes are charged as an expense as tliey fall due. Employee Benef The cost5 of short-teTm employee benefits are recognised a5 a liability and an expense. The cost of at]y unllsed holiday entitlement is recogni5ed in the period in which the employee's services are received. Judgements and Key Sourees of Estim#tion Lneertainty In the application of tl)e cliarity's accounting policies. the trustees are required to nthke jiidgtrnents, estimates and assuinptions about the carrying¥ amouiil of assets and liabilities that are not readily appaient froin other sources. The estiinates aiid assuciated assumption5 ale based oli hibtorical experience and tsther factors tliat ale considered to be relevant. Actual results may differ tTom these estimates. The estimates and uiiderlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised ivhere the revision affects only that period. or in ihe period of ihe revision and future periods where the revision affeLts both current and future periods.
AREA 51 EDUCATION LTD Notes forniing part of the Accounts for the year ended 31 July 2025 Ethical Standard- Provision5 Available for Small Entities In comtnon with many other businesses of our size and nature we use our auditors to absist with the preparation of the accounts. Turnover The iurnover and operating surplus for ihe year was derived from the coinpany's principal activity and arises solely in the United Kingdoin. Incoming Resources from Charitable Activities Unrestricted Funds Restricted Funds Total 2025 Total 2024 Full time courC% Education funding agcncy 975,361 1,278,240 975,361 1,278,240 856,369 1,168,676 2,253,601 2.253,601 2,025,045 Incoming Resollrce5 frojn DotLatlOJ15 Unrestricted Funds Restricted Funds Tutal 2025 Total 2024 Donations 1,994 1,994 2.486 Investment Income Unrestricted Funds Restricted Funds Tot41 2025 Total 2024 Bank interest received 5,615 5,615 6,629 Other Income Unrestricted Fund5 Restricted und5 'l-otal 2025 Total 2024 Other grant5 received Rent receivable Sthdent café and shop 39,282 39,282 53,267 5,510 32,564 45,004 3,702 53,267 5,510 58,777 39,282 98,059 81,270
AREA 51 EDUCATION LTD Notes forniing part of the Accounts for the year ended 31 July 2025 Cost5 of Charitable Activities Unregtri¢ted Fund5 Restricted Funds Total 2025 Tvtal 2024 Equipmet)t and general purchases Leanier tran5POrt and facilities hire Staft'cosis including employer's Nl Subcontraci labour Stall'training Clothing Losts Rent and service charges Rates Insurance Light and heat Clcaning Rcpairs and maintcnancc Staff rccrllitmcnt Printing, postage and stationery Ad'ertIsIng Telephone charges Computer runninbF costs HiTe of equipinent Motor vehicle lea5in¥ Motor iunning ctssts Travelling expenses Entertaining Legal and prolessional lees Bad ai)d doubtful debts (recovered) Sundry expense Subscriptions Charitable donations Loss on disposal of assets Depreciation of plant and machinery Depreciation of fixtures and fittings 53,188 118,307 1,498,861 247,279 25,155 142 237,728 29,318 21,364 26,206 19,801 18,483 24,279 9.486 53,188 118.307 1,498,861 247,279 25,155 142 237,728 29,318 21,364 26,206 19,801 21,466 24,279 9.486 34,913 144,516 1,337.436 157.212 13,929 331 223,627 27.745 21,268 21,712 17,892 31,399 23,754 8,159 95 7,515 2,983 6,676 6,676 12,716 14,670 8,967 2,721 12.716 14,670 8,967 2,721 5,718 15,208 5,580 1,283 15,672 13,457} 704 10,829 15,672 (3.457) 704 10.829 28,729 3,497 323 11.715 1,697 2.489 3,429 6,506 6,506 2,409,970 2,983 2,412,953 2,151,182 io Other Resollrces Expetlded Unrestricted Fund5 Restricted Fund5 Total 2025 Total 2024 Bnk chargFes Accountdiicy chaTge5 Audit fee 1.970 4,651 6,000 1.970 4.651 6,000 1,868 6,065 6,000 12,621 12,621 13,933 14
AREA 51 EDUCATION LTD Notes forniing part of the Accounts for the year ended 31 July 2025 li Staff Costs and Pensions Unrestricted Fund5 Restricted Funds Total 2025 Total 2024 Wages and salaries ETnployeis N.1. contributions Stafl-pension contributions 1.348,002 124,608 26,251 1,348.(X)2 124,608 26,251 1,216,815 97,666 22.955 1,498,861 1,498.861 1,337.436 The earnings of I member of staff, including beneliis in kind. are within the range of£60,000 tLI £69.99912024.' 1). The av¢rag¢ numb¢r of cmploy¢cs wa$ 62 (2024.. 59). No cmployccs participatcd in thc Tcachcrs, Pcnsion Schcmc. 12 Tax on Deficit The CoMp]Y is a registered chaTity and is not liable to corporation tax. 13 Tangible Fixed Assets Le#sehold Improwements Pl#Dt and Machinery Fixtures and flttings Total Cost At l August 2024 Disposals in the year Additions in the year 122,894 27,066 66,163 216,123 23,532 7,489 31.021 Al 31 July 2025 122,894 50,598 73,652 247.144 Depreciation At l August 2024 Disposals in the year Charge for the year 122,894 17,796 55,253 195,943 6,506 4,369 10.875 At 31 July 2025 122,894 24,302 59,622 206,818 Net book value At 31 Jllly 2025 26,296 14,030 40,326 At 31 July 2024 9,270 10,910 20,180
AREA 51 EDUCATION LTD Notes forniing part of the Accounts for the year ended 31 July 2025 15 Debtors 2025 2024 Trade debtors Othei Llebturs Piepaynients Accrued income 90,839 104.470 65,047 39.895 89,412 48,025 100,] 10 35.821 300.251 273.368 Other debiors totalling £26,324 {2U24'. £32.073} are recoverable after more than one year. 16 Creditors: Amounts Falling Due Within One Year 2025 2024 Trade creditors Taxation and Social security Accruals Other creditors 109,657 33,965 34,701 136,534 91,428 22,381 35,455 223,491 314,857 372.755 17 Operating Lease Commitments Operatiiig lease paymentb represent rentals payable by the company for the lease of equipment and property. At the reporting end date. the Lompany had outstanding Lonm)itments for future minimum lease payments under non- cancellable operating leabes. which fall due as followb.. Property 21125 2024 In less ihan one year In two to fivc ycar. In over five }'ears 119,540 671,529 533,750 107,867 285,660 41,659 Vehieles 21b25 2024 In le5S than one year In two to fil'e year5 732 15,208 732 Lessor At the reportinbT end date, the company had contracted with tenant5 for the following minirnuin lease payments.. Property 2025 2024 In less than one year In two to five years 51,600 34,400 51,600 86.000
AREA 51 EDUCATION LTD Notes forniing part of the Accounts for the year ended 31 July 2025 18 Reserve5 B#lanee at Movement l August the 2024 Balance at 31 Juli. 2025 UnrestTlCted fuiids Restricted funds 428,460 81,760 174,2531 7,948 354,207 89.708 510,220 (66,3051 443.915 19 Called Up Share Capital Thc company is limitcd by gllarantcc and has no sharc capital. Undcr thc provisions of thc company's mcmorandum of association, each member would be required to contribute a sum not exceeding £1 for the payment of debts of the company in the event of a deficiency of assets on winding up of the conipany. 20 Control The charity has been controlled throughout the year by the tste£S. 21 Related Party TransactlUJiS During the year there were no related party transactions. 22 Cash Generated from Oper#tlons 2025 2024 Deficit for Ihe year (66,305} 149.685) Adjustments for: Tnveslnient income Depreciation and impairmeni of tangible fixed assers L088 on dispo%al of tangiblc fixed a8%Cts 15,615} 10,875 16.629) 5,917 1,697 Mo.eMentS in ivorking ¢Apital: In¢rcase in debtors IDecrease)lin¢rease in creditors (18,715) (66,060) 18,6031 103,555 Cash (5pent)Igenerated from operations (145,820) 46,252 23 A Thalysi5 of Change5 in Net Funds Balance at Movement i l August the )e#r 2024 Balance at 31 Juli, 2025 Casl) at bank and in hand 589,427 1171.232) 418,195
AREA 51 EDUCATION LTD Detailed Income and Expenditure Account for the year ended 31 July 2025 Year Ended 31 July 2025 YeaT Ended 31 July 2024 Incoming Resourees Incomlng resources from charltable activllles Full lime courses Education funding agency 975,361 1.278,240 856.369 1,168.676 2.253.601 2,025.045 Voluntary income Dot)ations 1,994 2,486 Investment income Bank intcrcst reccivcd 5,615 6,629 Other income Other grants received Rent receivable Student café and Shop 39,282 53,267 5,510 32,564 45,004 3,702 Total Ineoming Resourets 2.359,269 2,115,430 Resourees Expended Cl)aritable aLtiwities Other resources expended (Page 19) (Page 19) 2.412,953 12,621 2,151,182 13,933 Total Resources Expended 2,425.574 2,165.115 Deficit for the year (66.305) (49,685) Thits pugv e5 n(Jtform part Jlthe stututury ac'c(JiiK15
AREA 51 EDUCATION LTD Detailed Income and Expenditure Account for the year ended 31 July 2025 Year Ended 31 July 2025 YeaT Ended 31 July 2024 Charitable activitieg Equipment and general purchases Learner transport and facilities hire Staff costs including employ&s Nl SubcontraLt labour Staff training Clothing costs Rcnt and s¢rvicc ¢harg¢s Rates Insuran¢c Light and hcat Cleaning Repairs and maintenance Staff recnjittnent Printing, postage and stationery Advert15in¥ Telephone charges Hire of eqiiipment Motor vel)icle leasing Motor running costs Tiavelling expenses Legal and piutesbional fees Bad and doubtful debts. {recoveredl Sundry expenbes SubsLriptions Charitable donations Loss on disposal of assets F)epreciation of plant and machinery Depreciation of fixtures and fittings 53,188 118.307 1,498.861 247,279 25,155 142 237,728 29,318 21,364 26,206 19,801 21,466 24,279 9,486 34.913 144.516 1,337.436 157,212 13,929 331 223,627 27,745 21,268 21,712 17,892 31,399 23.754 8,159 95 7,515 5,718 15,208 5.580 1,283 28,729 3,497 323 6,676 12,716 14.670 8,967 2,721 15,672 (3.457) 704 IU,829 1.697 2.489 6,506 2,412,953 2,151,182 Other re50ur¢¢5 expended Bank ¢harg¢s Accoiintancy charges Audit fee 1,970 4,651 6,000 1,868 6,065 6,000 12,621 13,933 Thits pugv e5 N(Jtfurm part the stututury ac'c'(JuK15