Grey Court Education Fund Trustees annual report for the year ended 31 August 2022
The Board of Trustees present their annual report for the year ended 31 August 2022 under the Companies Act 2006 and the Charities Act 2011, together with unaudited financial statements for the year and confirm that the latter comply with the requirements of the companies act 2006, the company’s Memorandum & Articles of Association and the Charities SORP 2005
Objectives and Activities
The charity was established to advance the wider education of pupils at Grey Court School and within the local community by providing or assisting in the provision of educational, recreational and other charitable and enriching facilities that augment such facilities financed by the Department for Education.
The Education Fund primarily collects donations from parents, wider family and former pupils of Grey Court School either as one off or regular donations to provide equipment and resources for the school and community groups that use the school facilities.
Achievements and activities
Grey Court Education Fund works together with the school and grant awarding bodies to address issues around wider educational enrichment, social mobility, breadth of opportunity, educational infrastructure and equipment.
Investing in IT played a crucial role in Lockdown as Grey Court Education Fund trustees prioritised digital inclusion. Hundreds of Chromebooks were acquired, funded by the Education Fund, local charities and government inclusion schemes. Such ubiquity has highlighted the ongoing need to replenish the school supply of devices, and new cohorts of pupils who benefit from such devices in all lessons are now having their needs increasingly met.
The import of placing IT at the centre of the students’ learning journey continued with classroom-based IT improvements. In February 2022, Grey Court Education Fund embarked on the first year of a two-year programme to introduce touch screen interactive TV monitors into every classroom. The initial roll-out was in maths and science funded in collaboration with the Parents’ Association, as these rooms hosted the oldest technology. Trustees are maintaining their commitment to this project by funding screens in the remainder of main school classrooms during the 2022-23 academic year.
Other commitments to existing enrichment projects remained, not least towards the Grey Court sports pavilion. This project alleviates pressure on classrooms and facilitates appropriate facilities for outdoor sports. £35,000 of Education Fund monies was committed in the 2021-22, as part of a four-year commitment totalling £140,000. Additional private donations of £250,000 have been made to the Education Fund during the 2020-21 and 2021-22 financial years specifically towards this fundraising objective. Construction will be completed before the start of the September 2023 academic year. Trustees’ final commitment of £35,000 will be made in the 2023-24 financial year.
Other plans to widen participation and alleviate barriers to education opportunity continue, including funding software for BTEC Level 3 programmes and continuing the Education Fund’s support of the school’s “Big Read” project, which gifts a novel, chosen by current year 7 pupils, to all incoming pupils at age 11.
Reserves Policy
Donations to Grey Court Education Fund are at the discretion of the trustees. It was agreed that donations will be made on the basis of donations actually received
Risk Management
The assets of the charity comprise a bank account. All payments must be signed by two signatories.
Plans for future periods
The charity will continue to fundraise to provide equipment and resources that enhance the educational experience of Grey Court students and those who access the school facilities for wider community activities.
Unaudited Financial Statements for the Year Ended 30 August 2022
for
Grey Court Education Fund
Grey Court Education Fund
Income Statement
for the Year Ended 30 August 2022
| 30.8.22 | 30.8.21 | |||
|---|---|---|---|---|
| £ | £ | |||
| TURNOVER | - | - | ||
| Taxation | - | - | ||
| SURPLUS | - | - |
Page 1
Grey Court Education Fund (Registered number: 07499941)
Balance Sheet
30 August 2022
| CURRENT ASSETS CREDITORS Amounts falling due within one year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES RESERVES |
30.8.22 £ 369,473 (299,067) 70,406 70,406 70,406 |
30.8.21 £ 76,620 (6,214) 70,406 70,406 70,406 |
|---|---|---|
NOTES TO THE FINANCIAL STATEMENTS
- STATUTORY INFORMATION
registered number and registered office address are as below:
Registered number: 07499941 Registered office: Grey Court School Ham Street Ham Richmond TW10 7HN
2. AVERAGE NUMBER OF EMPLOYEES
The average number of employees during the year was NIL (2021 - NIL).
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 August 2022.
accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for:
-
(a) and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so applicable to the company.
The financial statements have been prepared in accordance with the micro-entity provisions.
its behalf by:
C Rhodes - Director
Page 2
Grey Court Education Fund
| Detailed Income and Expenditure Account for the Year Ended 30 August 2022 30.8.22 £ Income NET SURPLUS |
30.8.21 £ £ - - |
£ - |
|---|---|---|
| - |
This page does not form part of the statutory financial statements
Page 3
Grey Court Education Fund
Detailed Balance Sheet
for the Year Ended 30 August 2022
| CURRENT ASSETS Other debtors Bank account no. 1 CREDITORS Amounts falling due within one year Other creditors Accrued expenses NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS RESERVES Income and expenditure account |
30.8.22 £ - 369,473 369,473 (288,512) (10,555) (299,067) 70,406 70,406 70,406 70,406 |
30.8.21 £ 21,480 55,140 76,620 - (6,214) (6,214) 70,406 70,406 70,406 70,406 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 4
Grey Court Education Fund
Contents of the Financial Statements for the Year Ended 30 August 2022
| Page | |
|---|---|
| Income Statement | 1 |
| Balance Sheet | 2 |
| Detailed Income and Expenditure Account | 3 |
| Detailed Balance Sheet | 4 |
Accord. Chartèrèd Cèrtlfled Aceountants 191-193 High Street Hampton Hill Middx TW12 INL T.. 020 8977 4939 info.oaccordaccountant5.co.uk www.accordaceountènts.co.uk Independent examinerfs report to the trustee5 of Grey Court Education Fund I report to the trustees on my examination of the accounts of the Grey Court Education Fund Ithe Trust) for the year ended 31 August 2022. Responslbllles and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts In accordanee with the requirements of the Charities Act 20111'the Act'l. I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carryinE Out my examination I have followed all the appllcable Directions given by the Chartity Commission under section 1451Sllbl of the Act. Independent examinerfs statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respettof the Trust as required by sertion 130 of the Act,. or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other then any requirement that the accounts give a 'true and fair Vie which is not a matter considered as part of an indepenent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this pOrt irs order to enable a proper understanding of the accounts to be reached. ame: Elenor RaynerACCA Professional Body: Association of Chartered CertÈfied Accountants Address: 191-193 High Street, Hampton Hill, Middlesex. TW12 INL Date 26 May 2023 'A¢cgFd"15 *tradiNg r4mo of Aciafd Ar{ontan.N3MpI0Th NIH Limlted. Cumpany ro8i5tefed In Etttlhnd No.4394656 PirtveF5.. CAMplner FCCAJJ Grai5tOnAFA