Registered number 07535108 Cliarity number 1142642 GRAVESHAM EXCELLENCE CLUSTER LIMITED (A company limited by guarantee) Report and Accounts 31 March 2024
GRAVESHAM EXCEI LLENCE CLUSTER LIMITED Report and accounts Contents PaEt Cotnpany information Tru5tee5' report Statement of financlal activities Balance sheet Notes to tlie aecounts Independent exAmlners report io
GRAVEI SHAM EXCELLENCE CLUSTER LIMEfED Company Illformation Trustee.8lDirectors Malco Mo&by (Chair) Ilathiyn Duii¢an Catherine Grattan CFll'iStophei' Jacl¢soii Madcleinc Joiies Sara Iceinsley Jane Pa'Idt-DYer Geoi'ge Roi'ke Geoi'gina Salter {resigned I Septembei. 2023) Chai'lotte Scott (appointed 18 lune 2024) (resiglled 2 September 2024) Neerasha Singb li'esigned I Septembei. 2023) Frazei. Westtnoi'land (appointed I Suly 2024) Accountants & Independent Examiner Begbies Uiiit 14, P.1[ Bam Evcgate Busiiiess Park Smeeth, A5hford Kent TN25 6SX Bankers Lloyds TSB 78 New Road Gravesend Icent, DAI I OAR Regi5tei'ed office clo Ifield School Cedar AveDU¢ Giavesend Kent, DA12 5JT Registei'ed number 07535108 Cliarity I'e¥ist¢red number 1142642 Website .uk
GRAVESIIAM EXCELLEIYCE CLUSTER LIMITED (A company limited by guarantee) TRUSTEES, REPORT foi. the year ended 31 March 2024 The directors pi'eseiit tlieii. report aiid atcounts foi. tlie yeai. cnded 31 Mai'ch 2024. Structure> governance and nianagenieiit Gi'avesliain Excelleiice Clustei. Liiiiitecl was incoiyoi'ated as a company liinited by guaraiitee on 18th February 2011 and beclle a I'egistered chai'ity on 29th JUDE 2011. It is govei'iied by ILE Memoi'andiii11 and Articles of Associatioii. Followiiig tlie appointsnent of the first DiiECtoi's, subsequent Directoi's 'e appointed by tlie M¢inbers by ordinary i'esolutLOlI, They IDust be a head te&chei' of a pwticip&ting school. There inust be a 1111n of 3 &id a maxsinum of I S DÉi'e¢tors at aT)y tiine. The Trustees aim to illeEt 3 times a year and accept ultimate responsibility foi. directing the affaii's of the c118ritable coinpany eiisui'iiig it is solveiiL well led, run efficiently and effectively 2nd is delivering the outcomes for which it has been set up. Direetoi'srrrustees The Trustees wlio served in tlie yeai. were as follows: Malcolm Moaby {Cliair) Kathwi Duncan Catlierine Grattan Christopher JaGksoD Madeleine Jone5 Sai'a Keinsley Jaiie Partridge-Dyei' George Roi'lce Georgina Saltcr (I'esigned I September 2023) Chai'lotte Scott (appoiiited 18 J1111e 2024) (resigned 2 SepteTJiber 20241 Neerashi Siiigh (resigned I September 2023) Fi'azei. Wcstmoi.I¥tDd (appointed l JLily 2024) Risk management Tlie TrLlStees Iiave identified the illajor risks which Ilie cliarity faces and consider that all eSslY action has beeii taken to Inanige those risks. Objectives and activitie5 The objects Df the Charity as staled iii its Memoi'anduin aiid Articles of Associatioii are to advaiice the educatioii and the educational opportunities of cliildren, young people aiid firnilies by providing ai)d &5SiStiAg lli the pi'ovisioii of services for schools in GraVeshn and other areas. Gravesham Excelleii¢e Clitstei. Liinited (also known & The Gravesliaill Leariiing Paitnership) is an oiganisgLtion cl'eated by schools foi. scliools and gi'ew OLIt of tlie (iovei'iuneiits Ex¢elleiice iii Cities initiative wliich began in tlie borougli of Gravesliain. Siiice that tiine scliools aci'os5 Gi'avesliain have woi'ke(l in collaboi'atioii to ensiire that the slogan 'exeelleiice for all, becanie an aspiration foi. all schools aei'oss the disti'ict. It Iiscs tlie slcills and expei'ieiice of a specialist tea1n to pi'ovide liigh qLiality, flexible SLlPPOrt to Schools, biiilds aiid siislai115 a professioiial coinmuiiity of practice a11d acluiowledge5 the existence of excelleiicc in 215 schools woi'kiiig iii cliffereiit toiitexts widiiii tlie saine geogi'apliical area. In settiiig objectives aiid planning activities, The 'friistees Iiave given diie Co1lderatIOn to geiiei'al guidance publislied by tlie Cliai'ity Coiniiiissioii i'clating to piiblic benefit.
GRAVESHAM EXCELLENCE CLUSTER LlllllTED (A company limited by guarantee) TRUSTEESI REPORT for the year ended 31 March 2024 Financial review reserves policy Totsl income fell from £73,247 to £61,151. Expcndittiir decr¢as¢d fi'om £112,659 to £69,277. This r¢sulted in a deficit for tl)e year of £8.12612023.. £J9.4121. Ai 31 Marcli 2024 uni'estricted reseives are £73,234 with no rests'icted fiinds. The tti]steesldii'ectOTS will continue to monitoi. the level Of i"esei"ves annually to engiire that an appropriat¢ Itvel is maintained. Achievements and performance for the public benefit Gravesham Leainiiig Partnei'sl)ip is an oi'ganisation led by scliools to piDvide ti'aining, support and services. We support.. the improveinent of all pupils. attendance,. the continued developiiient provision for wlnerable groups., the enhancemeiit of eapacity for leaders. We focus on inaking L positive impict on pi'ovisioi), collaboration and professional development. This year we have facilitated.. Learning hubslforums of professionals wlio coine togedier lo Sh't best practice. collaboration within dnd beyulld the GLP. provided a l'ange uf exLellent discoiinted CPD aiid cunllnissioned seivEc¢s, lead liigh quality lieadieacliei. Ineeting and fenior leader meetiiigs. rnade introduction8lconnections to strategic partners. advertised for free all vacancies in scliools., produced a fl'ee foitnigl)tly newsletter and continued to be an NQT delivery partner. We continue to work closely with STLS, and our Service Level Agreement with London Speech Thei'apy continues to work well providing high quality.support for children in four of Liiir primary schools.
GIL4VESHAM EXCELLENCE CLUSTER LIMITED (A company limited by guai'antee) TRUSTEES, REPORT for the year ended 31 March 2024 Trustees, re5ponsrbilities Tlie TISteeS (who are also directors tor the purposes of company law) are I'espon5ible for preparing the Titee8, TCPOTt aiid accounts in aeeordaiice with applicable law and United Kingdom AeeoLinting Standards (United Kingdoin Geiiei'ally Accepted Accoimtiiig Pi'actice). Coinpai)y and eliarity law requii'es tlie Trustee to prepare accounts for each financial wliicli give a tme and fair view of the state of affall's of tlie cliai'itable Loinpany and of its incoming i'esouir¢s and application (If resources of tl)e cliaritable company foi. tliat pcriod. In preparing these accounts, tjie Tnjstees are required to.. select suitsble accoiinting polieics aiid theii apply them consssteiitly; obseive tlie n)¢tliods and priiiciples in the Cl)arities SORP., make judgements and estimates that are i'easonablc and piudent. pi'epait the accounts 01) the going concem basis iinless it 1$ i1ppi)p1'iate to pi'esunie tl)at th¢ charitable coinpany will continue in business. Thc Tiustecs ai'c irspon5ible for keepii)g adequate accounting records tl)at disclose with i'easonable accuracy at ai)y time the financial position of ilie charitable company aiid ellable theim to eiisure that tlie accounts coinply with the Compai)ies Act 2006. They are also responsible foi. safcguardiiig the assets of the cl)aritablc coii)pany and hence for taking reasonable steps for tlie pi'evention and detection of fi'aud and other inrgularities. Small company provisions This rcport lias been pi'epared in accordance witl) tlie pi'ovisions iii Part 15 of the Companics Act 2006 applscable to conipanies subject to the snvdll coinpanies i'egime. This report was approved by tl)e Trustees on 2024 and signed on Its bel)alf by Malcolm Mo8by Chairman
GRAVESHAM EXCELLENCE CLUSTER LIMITED (A Company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (ineorporating the income and expenditure account) for the year ended 31 March 2024 Restated 2024 2023 Unrestricted Unrestriet¢d Funds FLinds Notes Income from: Voluntary income Investment income Charsiable aetiviL]es 24,637 176 36,338 22.297 33 50,917 Tot21 iDeome 61,151 73,247 Expenditui'e on: Cliaritsble aLtivitie 69,277 112,659 Total expenditure 69,277 112,659 Net (expenditurellincome for the year (8,126) (39,412) Totrdl funds brouglit foii¥ard at l April 2023 Total funds carrled forward at 31 March 2024 81,360 120,772 13 73,234 81,360 The Statement of Financial Activities includes all gains and losses in tlie year and therefore a Statement of Total Recognised Gains and Losses has not been pi"epared. The notes on pages 7-9 foini part of these accoiints.
GRAVESHAM EXCELLENCE CLUSTER LIMITED (A compaiiy limited by guai'antee) Registered number: 07535108 BALAIYCE SHEET as at 31 March 2024 Notes 2024 2023 Flxed assets Tangible assets 260 390 Curreiit assets Debtoi's Casl) at bank io 14J33 77,550 91,883 17,869 98.654 116,523 Creditor5: amounts falling due wlthln one year li IJ8,909 35,553 72,974 80,970 Net eurrellt assets 73,234 81,360 Represented by: Unresti'icted Funds 73,234 81,360 Charity Fuiids 73,234 81,360 Tl)e Tiustees consid¢i' tiiat tl)e cliaritable cornpany is enutled to exemption fi'om the i'equii'ement to obtain an audit ui)der section 477 of the Comp311ies Act 2006. The n)eMb'S l)ave not requii'ed tlie ¢liai'itable compaiiy to obiain art audit in accordance with section 476 of the Act. Tlie TISteeS1D1rc¢to1"S acknowledge their responsibilities for complying with the i'equirements of the Coinpanies Act 2006 with i'espect to aeeounting i'ecoi'ds aiid tlie pi'epai'ation of accounLs. The TrnsteedDirectors acknowledge their responsibilities for pi'epai'ing accounts whicli give a true and fair view of tlie state of the coinpany as at tl)e end of the financial yeai., and of its %uiplus oi. deficil for tlie financial yeai., in accordance with tlic i'cquii'einents of Section 393, ai)d whicli othcnvise coinply with the requii'ements of the Coinpanies Act 2006 ielating to accounts, so far as applicable to tlJe cliai'itable coinpany. Malcolm P*loaby Cliairman Approved by the board oli .1........!...... 2024 The notes oli pages 7-9 foi'ni pait of these accounts.
C114V£SHAM EXCELLENCE CLUSTER LIMITED Notes to the Aeeounts t'or tlie year ended 31 March 2024 l Accounting policies Jl4sis Ofprepr[lI1Ol# The accouiits liave beeii prepared in accordatice with the Companies Act 2006 and the Statement of Recotnmended Practicc ISORP), 'Accoiinting and Rew)rting by Cliarities, relating to cliai'itie% preparing accounts in accordance with the Financial Reporiing Standards applicable in tlie UK and Republic of Treland IFRS 1021. The charitable coiiipany constitutes a public benefjt enlily a8 defjned by FRS LO2. The accouE]ts have been PiEpaiEd on a 80illgT concern basis and lld. the historical cost convention. The accounts pi'epai'ed in stei'ling and rounded io tl)e neai'est pound. Unrestricted funds are available for use at the discretion of tli¢ trustees in fvrtherai)ce of rlie general objectives of die charity. Restricted funds are subject to restrictions on their expenditure iinposed by the donor. Iiiconie All income 15 recognised once ihe cliarity lia5 entitlement to the inconie, tliei'e is sufficient certaillty of IEceipl and so it is probable that the inconie will be i'eceived, and the aniount of incon)e receivable can be mea8u1.ed reliably. E¥peiiditiii ExpeiiditLUf 15 lllcluded iii the Statement of Finaiicial Activities on ali accNals basis. Li8bilitie5 are i'ecogniscd as expenditui'e As there 15 a legal or constructive obligation coi]]nutting the charity to that expenditure, it is pi'obable that settlement will be i'eqiiired and tlie 21llOUnt of tl)e obligation can be measured reliably. Expenditure on ¢11aritable aciivilies Comprises tliose cosis incurred by tl)e cliarity in delivery of its activities. It include5 both costs directly allocated to sucli activities and tliose costs of an indirect nature necessaiy to suppoi't them. Irrecoverable VAT is ¢liarged against tl)e expenditure heading foi. wliicli it was incurred. TuiigiblefL¥ed asse1& depreciulioii Tangihle fixed assets are slated at cost Itss deprecialion, Dcpi'eeiation has bccn providcd at the followiiig Yates in order ta write off die assets over their estimated useful lives. Compiiter equip]nent- 25 /0 stt'aight line Debioi's uiidcieditoj's ieceivable/puyuble wiihiii oiieyeuv The conipany only enteis into basic fjnancial instiiijnents diat result Ill tlie recognition of fjnaiicial assets and liabilities like sales ledgei. and otlier accounts receivable and payable. Debtors and cirdiloi's with iio slated inte]'est Tate and receivable or payable witliiH one year al'e re¢oi"ded at the transaction price. Any la%ses arising fi'om iinpaii'ment al'e recognised ill expenditure. ca.slj und¢N.sli eqiiivrtléiii.f Casli is I'epieset)ted by casli in liand and deposits witli financial insliliilions. JiidgeiiiÈiirfs iii &pplyiiig uccoNNlingpolicies Niid key sources of esliwiulioii iiiicei'luiitty The directoi's do not con8idei' tliat tliei'e aiE any s&8iiificant areas of esliinalion unceitaillty.
GIL4VESIL4M EXCELLENCE CLUSTER LIMITED Notes to tlie Accounts foi- the year ended 31 March 2024 2 Voluntaiy income 2024 2023 Meinbership subs¢riptions 24,637 22,297 3 Investment income 2024 2023 Iiiterest received 176 33 4 Inc(bme from charitable activities 2024 2023 Cour%es Speech & Language service TTailling Consultancy Sundi'y in¢ome 15,503 20,990 5UII 11,060) 405 20,643 27,487 850 1,060 877 36,338 50,917 5 Eypendltui'e on charitable activitle5 2024 2023 Courses- consultancy, venue hii'e, cateiing ete Staff costs (see note 6) Consllltancy Rent CUITent year pi'ior year oveiyrovision Insurance Stationery Suppoit and govei'nance costs A¢¢ountan¢y aiid indeptiident examination curreiit yeai" prioi. year ovcipi'ovisio Coiiipulei. aiid wcbsitc costs Website design costs Sundry expenses Depreciatioii 34,317 8,100 23,976 51,608 19.137 21,470 s,000 {8,750) 1,208 213 5,000 1,172 32 3,600 (yuu) 1,443 5,160 1,999 5,580 940 130 130 69,277 112,659 6 Staff eosts 2024 2023 Gro.qs salaries Pen5ioiI contribulionb Etnployer's national in5urai)ce and SMP recoverable 9,455 376 23,953 309 5,125 19,137 8,100 The avei'age numbei. of einployees foi. tl)e year No einployees i'eceived eiMolun)ents dlli'iiig ilie year above £60.00012023.. None). Total emoluments received by die cliarity'5 key tnaiiagemenl p¢iTonnel 13,850
GIi4VESHAM EXCELLENCE CLUSTER LIMITED Notes to the Accounts for the year ended 31 M#reh 2024 7 Trustee5 IDirectors remuner&tlo No trusteesldirectors or otlier i'elated parties reteived any reiDiineration or reiinbuiBenient of expenses in tlie period. 8 Taxation As a ch&Tity. The Gravesham Excellence Cluster Limiod is exen)pt fiK>iM lax on inconie and gains falling witliin Sectiot] 505 of Il)e Taxes Act 1988 or Section 256 of the Taxation of Cliargeable Gains Act 1992 to il)e extent that these are applied to its ¢liariiable object5. No tax charges have arisen in tlie Charity. 9 Fixed assets Computtr Equipment Cost blfivd at 1st April 2023 4,182 Cost clfwd At 31 M8r¢h 2024 4,182 Depreciation blfwd at l April 2023 Depreciation charge for yetr Depreelatlon clfwd It 31 March 2024 3.792 130 3,922 Net book vY41ue at 31 March 2024 260 Net book vllue at 31 March 2023 390 10 Debtors 21124 2023 Debtors Pi"epaymenis Othei. taxes and social security costs 2J31 9,931 1,571 2,190 1,267 4,412 14,333 17,869 I I Creditors.. amounts lalllng due wlthln year 2024 2023 TL"H(Je creditors Accrua15 It)come ill advai)ce 3,613 8,601) 6,696 18,909 2,142 20,883 12.528 35,553 12 Prlor ye91. re-statement Following a detailed review, the riSteeS identified £21,716 of funds inconrctly designated as restricted fut)ding. These funds liavt now been i'e-¢lassitied as unrestricted fiinds and tlie 2023 COTnpai'atives i'e-stated. 13 Cop9Y limited by guarantee The charitable coiiipany has no shal'e Capital, being a ¢ompai)y liniited by guar]tee. Every inetnber pioinises, if tlie cliarity is dissolved wliile lie, slie or it ieinains a Ineinber oi. witliin 12 niontlis afteiwards, to pay up lo £1 lowai'ds the costs ol. dissolution and tlie liabilitie5 illcutred by the chai'ity wliile Ilie Lantributtsr was a meinber.
GRAVESHAM EXCELLENCE CLUSTER LIMITED INDEPENDENT EL4MINER'S REPOlI'r fnr the year ended 31 March 2024 l i'eport to the tsstee8 on Iny examination of the accounts of the Gi'avesham Excellence Cluster Limited I'the Collipan) for the year ended 31 Maicli 2024. Responsibilitie$ &nd basi5 of report As the charity's trustees of tlie Conipaiiy {aiid also it5 dii'eLtuis for tlie puipose5 of company law) you are I'esponsible foi. the prcparatioii of tlie accounts in accoi'danc¢ with the requll'ements of the Compallies Act 20a61'the 2006 Act'l. Having satisfied myself that the accounts of the Company are not required to bc auditcd undei. Part 16 of th¢ 2006 Act aiid are eligible for iiidependent examination, I ieport in Tespect of Tny examination of your cliarity's accouiits as cai'jicd out under sc¢tion 145 of tlie Chai'ities Act 2011 ('tlie 2011 Act,). In cai'rying out my exaininaiion I have followed the Directions given by Llie Chai'ity Coinmi%sioii ullder section I45{51 Ib) of the 2011 ACL Independet examiner'5 Statement I have complcted iny exaininatioii. I confrn diat no matci'ial Jndttei's have come to my attention iii COnntion with the examinalion giving me cause to believe ilial in any Inaterial respect.. l) accounting recoi'ds were not kept in resp¢ct of tlie Compaiiy as requiird by section 386 of tlie 2006 Act; or 21 th¢ accounts do not accord witli those recoi'ds., oi. 3) the accounts do llot comply with the accounting iEquii'ements of section 396 of the 2006 Act othei. than any requireinent tl)at tlie accounts. give a 'iiue and fair view whicl) is not a inatter considered as part of an independent examination. or 41 tlie accounts have not been preparcd ll) accordancc witli tlie methods aiid pi'in¢iples of the Staten)ent of Reconunei)ded Practice for ac¢ouiiting ai)d reporting by chai'it1¢5 lapplieable to charities PTcpariiig ilieir accowits in accordaiice with tlie Financial Reporting stand'd applicable in the UK and Republic of Ireland IFRS 102)] J l)ave no concerns and liave coiiie across no ollier matters iii connection with ihe examination to which attention should be dTawn in tliis rew)rt iii ol'der to enable a prop¢r uiidci'5taiiding of the accouiits to be reached. Danlel Valentine ACA Bcgbies Chrtitered Accountants Unit 14, Park Bai Evegate BusEiie8s Pai'k Sineetii, Ashford Kent TN25 6SX 17/10 2024 10