Charity registration number 1141805 Company registration number 07381665 IEngland and Wales) HANDSWORTH ASSOCIATION OF SCHOOLS (COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
HANDSWORTH ASSOCIATION OF SCHOOLS (COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION Tw$tees Shamala Louise Antonio Edward Mark Edmead Ivora Ferreira- Bean Siobhan Bridget Harperne5 Dr Bogusia Matusiak-vadey Olabimpe Olukemi Odubanjo Sarah Louise Smith P8rveen Tahvar Alison Taylor Eddie Wright Charity numb¢r 1141805 Company numb•r 07381665 Prln¢lpal addr•8• Welford Primary Schc* Welford Road Birmingham 820 2BL Indapgndenl •xamln•r )hammed YaseenACCA Soho House 362 . 364 Soho Road Birmingham B219QL
HANDSWORTH ASSOCIATION OF SCHOOLS (COMPANY LIMITED BY GUARANTEE) CONTENTS Trustees report Independent ex8minei's report Statement of finanryal activibes Balance shget Notes lo the finandal ststements
HANDSWORTH ASSOCIATION OF SCHOOLS (COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their annual report and fInarla1 stslements for the year ended 31 March 2024. The financial slalernents have been prepared in accordance with the accountr.ng policjes sel out in note1 to the lin8n¢ial slalemenls and comply with the ch8riVs goveming document, the Companies Act 2006 and 'AccoLJnling 8nd Reporting by Charities.. Statement ol Recommended Practi applicable lo charities preparing their a¢¢ounls in 8c¢ord8nce with the Finanual Repong Standard applicable in the UK 8fKb Republic of Ireland IFRS 1021" leffeclive 1 JanLtary 2019). Objectlves and actlvltSes Handsworth Associats'on ol Schoo15 was fomied in 1999 and became a conststuted organisalion al that lime with its own accounts and conslilulion. On 20th Seplember 2010 the Asswabon became incorporated as 8 company limited by guarantee and went on lo gain Charitable slalus in May 2011. The object ol the charily is lo further such chariiable pUOSe$ lor ihe benefit of the inhabitants ol Handsworth and surrounding area ol North Wtrsl Birmingham as the management committee sees fil in parb'cular. bul not exclusively by.. al Advancing the education of children, young people and lamilies across Ihe member $Chls. by seeking school improvement and the advancement of learning opportunities.. bl Advancing education in environmental education. healthy lifestyes and the safety of young people., I Promoting good citizenship, community cohesion and equal opwtunities", dl Providing or as$11ng in the provision of lacililFes lor recreation and other leisure-lime occupations lincludlng sports) in the interests ol social welfare with the aim of improving the inhabilanls, conditions ol life.. el Advancing in Ille and helpi young people ¢Jevelop their capa¢ibes, skills and Capabilitses lo enable them lo participate more lully lo society as mature and responsible adults., and 11 Through education- promoting adult eijucalion and family leaming opportunities.. promotsng and enhanclng the importance ol education and the importance ol the economic well-being of the family. The Charity currently summarises Ils work under three priority obiects'ves- Empowering Children 8nd Young People through Sfx181 Action Providing Support lo Families Supporting Schools Improvement Structuro, govornan¢• and managem•nt The ch8rily is controlled by ils governing documenl. a deed ol trust, and constilule5 a limited company, Ilmiled by guarantee, as defingd by the Companies Act 2(4)6. The governance of the charity lies with Ihe Iruslees who are to oversee the work being carried out by the Management Commlllee. All trustees give their lime voluntarily and received r¢0 remuneration or other benefits. New trustees are appointed by the existing trusleos and there is currently no policy in place which outlines the duration of which a trustee musl serve. In addition lo the 8oard of Trustees the a addilional meetings with offr¢ers of the comrnittee including chair, vi¢e chair and treasurer as required. Task groups and subgroups of the Board of Trustees may be called to consider $18ff recrullmenl and appointments and other matters as requireil.
HANDSWORTH ASSOCIATION OF SCHOOLS (COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The Iruslees. who 8re also Ihe dlreclors for Ihe PUTSe of company law. and who served during the year and up lo the dale ol signature ol the financial statemen15 weTe-. Shamala Louise Antonio Edward Mark Edmead Ivora Ferreifa - Bean Siobh8n Bridget Harper-Nunes Dr BogLJsia Matusiak-vartey Olabirnpe Olukemi Odubanjo Sarah Louise Smilh Parveen Talwar Alison Taylor Eddie Wright Rlsk Managom¢nt Pojlcy The Iru51e&s have a (luly lo Idenlily and review the risk5 lo which the charity is exposed and to ensure appropriale controls are in place lo provide reasonable assuiance againsi fraud and error. The trustees musl ensure Ihal they lake a proactive role in reviewing the risks facing the charity in order to minimise ext)osure lo these. This Is imperative for the lulure ol the AsSOCAation in order to mainlain the Current level ol charitable activity. Financial revl•w Reserves policy The ITUSt adopted a reserves policy in October 2022 and this was implemenled for Ihg accounis lo 31st March 2024. At 31 March 2024 free reserves lotalled £54.508. Publlc bgngflt The Iruslees have paid due regard io guidance issued by the Charlty Commlssion In deciding what activities the charity should undertake. Grant maklng pollcy Hand5WOrth Association of Schools does not have a grant making policy. Any grants il administers on behalf ol Birmingham City Council or other funders, have theii own specific grant 9uidelines. The A5sorAab'on has individual Terms of reference for all indlvldual grants. Achlevtmants and r1¢MI9n¢e Significant activities and achievements a9ainsl oty'ectives Handsworth Association of SGhools is a long-stsnding organis8tson. Over many years il has successfully secured and managed grants in support ol sehools. local families and young people. In 2022 and 2023, Handsworth Association ol Schoo15 ha5 substsnlially increased the income received from grants. and has diversified its income lo a wide range of charitable sources. Sub5criplion5 from member schools has conts'nued on a similar scale, and is now a smaller proportion of total income than in preceding years. The Iruslees report was approved by the Board of TFUStees. Trusto• ?7//, /£41
HANDSWORTH ASSOCIATION OF SCHOOLS (COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HANDSWORTH ASSOCIATION OF SCHOOLS I report to the Iruslees on my examination of the financial slalements of Handsworth Assctiation of Schools (the charityl for the year ended 31 March 2024. R•sponslbilities and basis of report As the Iruslee5 of the charity land also its directors for the purposes of comp8ny lawl you are responsible lor the preparation ol the financial s¢alemenls in accordance with the requ1Ments of the Companies Act 2006 Ilhe 2006 Acll. Having sati'sfied myself that the finanual slalemenls of the charity are nol required lo be audited under Part 16 of the 2006 Act and are eligible lor independent examination, I report in respect of my examination of the charily's financial slalemenls carried out under section 145 of Ihe Charities Act 2011 lthe 2011 Acll. In carryin9 out my examination I have followed all Ihe applicable Direth"ons given by Ihe Chafity Commission under section 14515llbl of the 2011 Act. Ind•pèndont oxamlner's stat•mont Since the charily's gr055 income exceeded £250.000 your examiner musl be a membor ol a body listed in secllon 145 of the 2011 Act. I confirm that 18m qualified lo undertake the examination because l am a member of the Assoclalion of Chartered Certified Accountan15. which is one of the listed bodies. I have completed my examination. I confiim Ihal no matter5 have como io my attentlon In connection with the examination giving me c8use lo believe Ihal in any m81erial respect.. accounting records were not kept in respecl ol the ¢h8rity as required by section 386 of the 2006 Act,. or the financial statements do not accord with those records., or the financial sl8lemenls do not comply with the accounting requirements ol section 396 of the 2006 Acl other than any requirement that the accounts give a true and fair viow which is r1 a matter considered as Part ol an independent examination., of the financi81 statements havo not been prepared in aT(lance wllh the methods and piinoples ol the Slalemenl ol Recommended Practice for accounting and reporting by charitie5 applicable to charilles preparing their accounts in accordance with Ihe Financial Repothng St8ndard applicable in the UK and Republic ol Ireland IFRS 1021. I have no concern$ 8nd h8ve come across no other matters in connection with the examination lo which allenlion should be drawn in this report in order lo enable a proper Understanding ol the financial slalemenls lo be reached. Mohammed Ya$een ACCA Soho House 362- 364 Soho Road Birmingham B21 9QL Dated*No 27111
HANDSWORTH ASSOCIATION OF SCHOOLS (COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted funds fvnd$ 2024 2024 Totsl Unro$trlotod Restrl¢t¢d funds funds 2023 2023 Total 2024 2023 Not Income from: Activities forgeneraling funds Investments 60,792 15 317.177 377.969 15 53,850 338,582 392,432 Total Income 60,807 317,177 377.984 53,858 338.582 392,440 Expenditure on: Charitable activities 59,600 310.883 370.483 49.893 276,758 326,651 Total expendltur• 59.6 310.883 370.483 49,893 276,758 326,651 Nel gainslllossesl on investments 10,987 10.987 16,9fAI 16,9641 Not Incomo and movom•nt In funds 12,194 18,488 12.9991 61.824 58.825 Reconclllatlon of funds: Fund balances al 1 April 2023 53.301 253,286 306.587 191,462 247,762 Fund balances at 31 M•r¢h 2024 65,495 259,580 325.075 53.301 253,286 306,587 The slalemenl of financial actsvilies indudes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivits'es.
HANDSWORTH ASSOCIATION OF SCHOOLS (COMPANY LIMITED BY GUARANTEE) BALANCE SHEET ASAT31 MARCH2024 2024 2023 Flx•d a55ets Tangible assets Investments 10 11 48.441 140.091 46.236 129,104 188,532 175,340 Currgnt assat6 Debtors Cash al b8nk and in har*J 12 52,346 142.564 13,850 131,160 194,910 145,010 Cr•dltor$.' amounts lalllng due wlthln one year 13 (58.3671 113.7631 Net currgnt assets 136.$43 131,247 Total a88¢ts I•s8 curr•nt1SabllltS0• 325,075 306.587 Not a88ets excludlng penslon IlabSllty 325,075 306,587 The funds of the charfty Reslricled income funds Unreslricled funds 259,580 65,495 253,286 53,301 325.075 306,587 The company is entitled lo Ihe exemption from the 8udil requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024. The directors acknowledge their responsibilities for complwng wilh the requirements of the Companles Acl 2006 with respect lo accounting records and the preparation of financial slalements. The nembers have not required the company lo obtain an audit of its financial statements for the year in question in accordance with section 476. These financial stalernenls have been prepared in accordance with the provislons applicable lo companies subject lo the sm811 COTnpanies regime. The financial statements were 8pprov by the trustees onrfvovember 2024 ru5tee Company registration number 07381665 (England and Walesl
HANDSWORTH ASSOCIATION OF SCHOOLS (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting poli¢i&$ Charity inforrnalion Handsworth Asso¢iab"on of Schoo15 is a private company limited by guarantee incorporated in England and Wales. The registered office is Welford Primary School, Welford Road. Birmingham, B20 28L. 1.1 Accounting convention The financial statements have been prepared in accordance with Ihe charity's goveming document. the Companies Act 2006, FRS 102 The Financial Reporting Standard applicable in the UK and Republic ol Ireland" I'FRS 102.1 and the Charities SORP 'Accounling and Repoth'ng by Chariti'es." Slalemenl of Recommended Pra¢lice applicable lo charitres preparing their accounis in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021. leffeclive 1 January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are roundetl lo the nearest £. The linandal slalemenls have been prepared under the hislorical cost convenb'on. The principal accounting poliues adopted are $81 out below. 1.2 Golng concern Al the lime ol approving the fInarla1 stslemenls, the tiuslees have a reasonable expectation that the Charity has adequate resources lo continue in operational existence lor the foreseeable lulure. Thus the trustees continue lo adopt the going concern ba$is of ?oUnting in preparing the finanoal 51alemenls. 1.3 Charltable funds Unre51ricled funds are available for use at Ihe discrelion of the trustees in furtherance of their charitable objectrves. Restricted funds afe subject lo specthc conditions by donors or gronlors as lo how they may be used. The purposes and use5 of the reslricled funds are Sel ¢Jui in the noles lo the financ181 slalemenls. Endowment funds are subject lo speafic conditions by donors that the capital musl be maintained by the charity. 1.4 Income Income is cogniSed when the charity is legally entiiled to it after any performance conditions havg been mel, the amounts can be measured reliably. and it is probable thal income will be reived. Cash donations are recognised on receipl. Other donations are recognised once the chanty has been notified of the donation, unless perforn)ance condilions require deferr81 of the amount. Income lax recoverable in relation lo donations reiVed under Gift Aid o( deeds of covenant is recognised 81 the lime ol the donation. Legacies are iecognised on receipt or otherwise if the charity has been nolified of an impending dislribulion, the amount is known, and receipt is expe¢led. If the amount is not known. the lega¢y is Irealed as contingent asset.
HANDSWORTH ASSOCIATION OF SCHOOLS (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies {Continuedl 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation lo transfer econornic benefit lo a third party, il is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation Can be measured reliabty. Expenditure is clasgfied by activity. The costs of each activity are made up of the total of direct costs and shared costs, induding sUPPOrt costs involved in undertaking each activity. Direct costs attribtjtable lo a single activity are allocated directly to thal aclivily. Shared cosls which ¢onlribule lo more than one acllvlly and support costs which are not attributable lo a single acb'vily are apportioned between those acts'vilie5 on a basis consislenl with the use of resources. Central staff costs a allocated on the basis of limè spent, and depreciation charges afe allocated on the pO.on of the asset's use. 1.6 Tanglblg flx•d assets Tangible fixed assets are initsally measured al cost and subsequently measured al cost or valu811on, nel of deprgcialion and any impairment losses. Dfjpreci811on Is recognised so as lo write off the cost or valuation of assets less their residual value5 over their useful lives on the following bases: Fixtures and fitlngs Cornpulers Motor vehicles 20% on st 20% on cost 20% on reduung balance The gain or loss arislng on the disposal of an asset is delemined as the dIffenCe between the sale proceeds and the carryin9 value ol the asset, and is iecognised in the statement ol financial activities. 1.7 InstM•n Investmen15 held as lixed assets are revalued at mid-markel value al the balar9 sheet dale 8nd the gain or loss t8ken lo the Stalemenl ol Financial Activities. Income from a¢tlvltl•s for gonorating funds Unrestrfctgd RestrI•d funds funds 2024 2024 Total Unrestrlctèd Restricted funds funds 2023 2023 Total 2024 2023 Activities for genew8ting lunds PA),792 317,177 377,969 53,850 338,$82 392,432 Actlvltlos for generatlng funds Annual subscriptions Grant income Minibus hire Training Other income 31.680 31.680 338,582 10,156 3.47S 8,539 317,177 317,177 14.430 7.185 338.582 14.430 7.185 4,329 10,156 3,475 8.539 fl1.792 317.177 377,969 53,850 338,582 392,432
HANDSWORTH ASSOCIATION OF SCHOOLS (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from inwstments Unr•strlct&d Unrestricted funds funds 2024 2023 Interest receiv8ble 15 Expenditure on charltablfr actlvitles Charltable Charltabl¢ Expendituro Exp8ndlturo 2024 2023 Dlrg¢t ¢osts Projects Minibus Training Ypp 314.281 17,916 270 1,626 195,403 8.989 745 2.674 334,093 207,811 Sharo of support and govornance cwt$ (see note S) Support 118,840 370,483 326.651 Analysis by fund Unrestricted funds Reslricled funds 59,600 310,883 49,893 276,758 370,483 326,651
HANDSWORTH ASSOCIATION OF SCHOOLS (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs allo¢at•d to activities 2024 2023 Staff costs Depciall0 Bank fees Adv&rtislng & Marketing Rent, rates and insurance Light and heal Telephone and broadband Printing and offlce expenditure Repairs Entertainmenl Professional fees Staff IrainiTra Sundry Governance costs 100,666 356 932 770 6.997 6,195 687 6,264 2,408 850 6,795 1,194 371 3,549 3,026 1.073 3.733 4,380 2,335 36,390 118,840 Anolys•d b¢two•n: Charitable actsvitses 36.35XJ 118,840 TrustH• None ol the trustees lor any persons connected wilh them) received any remuneration or benefits from the charity durin9 the ye81. Employtts The average monthly number of employees during Ihe year was.. 2024 Numbor 2023 Number 21 19 Employmgnt Costs 2024 2023 Wages and s818ries Social security costs Pension Costs 225,967 9,697 3.674 210,306 8,461 3,473 239.338 222.240 There were no employees whose annual remuneralion was more than £60.iKM).
HANDSWORTH ASSOCIATION OF SCHOOLS (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Galns and losses on Investments Unrostrict¢d Unrestricted funds funds 2024 2023 Gainslllossesl arising on= Revaluation of investment properties 10,987 16,9641 TaxAtlon The charity is exempl from taxallon on Its 8¢b'vities because all its income is applied for charllable purposès. 10 Tanglbl• flx¢d a$s•ts Flxlures aTrJ Computars flttlng5 Motor ¥•hlclè• Total Cost Al 1 April 2023 Addllions 61,335 61,335 14.960 9,018 5,942 Al 31 March 2024 9.018 S.942 61,335 76,295 D•prac5atlon and Smpalrment Al 1 April 2023 Depreciation charged in the year 15,099 9,247 15,099 12.755 734 2,774 Al 31 March 2024 734 2.774 24,346 27,854 Carrylng amount At 31 March 2024 8.284 3,168 36,989 48,441 Al 31 March 2023 46.236 46.236 11 Inve$tm¢nts 2024 Fair value Al 1 April 2023 Net gains or losses through lair value adjustments 129,104 10,987 Al 31 March 2024 140,091 10-
HANDSWORTH ASSOCIATION OF SCHOOLS (COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Dabtors 2024 2023 Amourrts falling due within one year: Trade debtOTS Other debtors 47.132 5,214 13,850 52,346 13,850 13 Credltors: amounts fallln9 du• wllhln ono yoar 2024 2023 Other laxalion and social security Trade credilors Other creditors 5.930 4,738 47,699 6,550 373 6,839 58.367 13.762 14 D•f•rr•d Incomè Deferred incorne comprises grants recelved In 8dvance ol delivering the services required by the condlllons of the grants. 2024 Balance as al 1 April 2023 Amount deferred in the year 32.300 Balance as al 30 April 2024 32,300 15 Rglated party transactlor There were transactions totalling £420 {2023- £7.7781 from Impac14Life Wellbeing, a rnPany that S Anlonlo ltrusteel is Director.