Grey Court Education Fund Trustees annual report for the year ended 31 August 2024
The Board of Trustees present their annual report for the year ended 31 August 2024 under the Companies Act 2014 (updating the Companies Act 2006) and the Charities Act 2022 (updating 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, 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.
Commitments to existing enrichment projects continued, the most financially significant of which is the four-year pavilion capital expenditure commitment, for which the Grey Court Education Fund has pledged £35,000 per year outside of specific private donations of £250,000. The final £35,000 tranche of funding was paid during this financial year, bring that project to a close. The pavilion is fully operational, providing much needed weekend recreational space to community sports groups and weekday study space to sixth formers.
Further sporting investment was made in netball. The outdoor hard courts were re-surfaced and coated with a £20,000 contribution from the Education Fund. This has helped attract a new regular club to the school site during the holidays who will commence weekly girls’ netball in the summer of 2025, bringing more opportunities for community involvement to Grey Court.
Regular educational commitments remain, including the charity’s continued funding of the school’s “Big Read” project, which gifts a novel, chosen by current year 7 pupils, to all incoming pupils at age 11 for around £2,400. Increased investment in the 6th form library has expanded the range of technical research titles available to key stage 5 students. Additionally, the education fund has also retained its commitment to levelling access to opportunity to enrichment items ranging from school trips to the year 11 prom, enabling participation in some of the more memorable aspects of school life, for a number of students who would not otherwise afford to attend.
Reserves Policy
Reserves held within the 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. Future commitments to the building of an additional science classroom and the improvement of the school site for sporting and recreational activities have been highlighted as items the trustees wish to support alongside their regular commitments moving forwards.
Unaudited Financial Statements for the Year Ended 30 August 2024
for
Grey Court Education Fund
Grey Court Education Fund (Registered number: 07499941)
Balance Sheet 30 August 2024
| 30.8.24 | 30.8.23 | |
|---|---|---|
| £ | £ | |
| CURRENT ASSETS | 70,406 | 92,132 |
| CREDITORS | ||
| Amounts falling due within one year | - | (21,726) |
| NET CURRENT ASSETS | 70,406 | 70,406 |
| TOTAL ASSETS LESS CURRENT | ||
| LIABILITIES | 70,406 | 70,406 |
| RESERVES | 70,406 | 70,406 |
NOTE TO THE FINANCIAL STATEMENTS
- STATUTORY INFORMATION
Grey Court Education Fund is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address are as below:
Registered number: 07499941 Registered office: Grey Court School Ham Street Ham Richmond TW10 7HN
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 August 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 August 2024 in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for:
-
(a) ensuring that the company keeps accounting records which 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 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 company.
The financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Board of Directors and authorised for issue on ............................................. and were signed on its behalf by:
......................................................................
C Rhodes - Director
Page 1
Grey Court Education Fund
Contents of the Financial Statements for the Year Ended 30 August 2024
Page Balance Sheet 1
Accord. Charterèd Cèitifièd Accountants 791-193 High Street Hampton Hill Middx TW12 INL T.. 020 8977 4939 E.. info tyaccordaccouDtants.co.uk www.aceordaccountants.co.uk Grey Court Education Fund Grey Court School Ham Street Ham Richmond TWIO 7HN Our Ref: /GREEYCOURT/ER IS May 2025 Dear Trustees. Please find entlosed a copy of the examiner's report of the accounts for the year ending 31 August 2024. Yours Ac Accountants Encs: Examiner's report of accounts isthe trad4nEnimeofA¢co¢dA¢¢duntènts-Hbmpiofi HIIIIIthFtèd, Cowp4nyregTsteEd In No. 4354656 PJrrnpts.. CA fv7iln8r FCCAJJ fjr?y5toN AFA
Accord. Chartered Certifièd Accountants 191-193 High Street Hampton Hill Middx TW12 INL T: 020 8977 4939 info.Ciiaccordaccountants.co.uk www.accordaccountants.co.uk Independent examine45 report to the trustees of Grey Court Education Fund I report to the trL¢Stees on my examination of the accounts of the Grey Court Education Fund Ithe Trust) for the year ended 31 August 2024. Responsibilies and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance 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 carrying out my examination I have followed all the applicable Directions given by the Chartity Commission under section 14515llbl of the Act. Independent examinerf5 ststement 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 respect of the Trust as required by section 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 IAccounts and Reports) Regulations 2008 other then any requirement that the accounts give a 'true and fair view, 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 report in order to enable a proper understanding of the accoLsnts to be reached. Signed- ame.. Eleano ayner ACCA Professional Body= Association of Chartered Certified Accountants Address.. 191-193 High Street, Hampton Hill, Middlesex. TW12 INL Date 15 May 2025 "(ord"15thetrd11ll £narneof Accord Arcovntiots.H4Mpton HIIrLIlitÈd. Company wi5tefed inbb8liTrd No. 4354656 Partr.eiS.. CAVI1¢1 FCCAJJ GTay5ton AFA