2025-08-31-accounts

COMPANY REGISTRATION NUMBER: 07730926 CHARITY REGISTRATION NUMBER: 1143297

ATERES

Company Limited by Guarantee Unaudited Financial Statements

31 August 2025

WHITESIDE & DAVIES LTD

Chartered Certified Accountants 158 Cromwell Road Salford M6 6DE

ATERES

Company Limited by Guarantee

Financial Statements

Year ended 31 August 2025

	Page
Trustees' annual report (incorporating the director's report)	1
Independent examiner's report to the trustees	4
Statement of financial activities (including income and
expenditure account)	5
Statement of financial position	6
Statement of cash flows	7
Notes to the financial statements	8

ATERES

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 August 2025

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 August 2025.

Reference and administrative details

Registered charity name ATERES Charity registration number 1143297 Company registration number 07730926 Principal office and registered 81 Bewick Road office Gateshead Tyne And Wear NE8 1RR The trustees Mr D Schleider Mr Y Halberstadt (Resigned 26 May 2026) Mr D Morgan Independent examiner H Davies FCCA 158 Cromwell Road Salford M6 6DE

Structure, governance and management

Ateres is constituted by Memorandum and Articles of Association as amended by certificate of incorporation on change of name dated 06 October 2011 and is a company limited by guarantee. It was incorporated on 5th August 2011 as a company and the company number is 07730926. It was registered as a charity on 04 August 2011 with a charity number 1143297. The Directors/Trustees are responsible for the governance of the organisation and are active in all operational aspects of strategic management. Major policy decisions are decided at full directors/trustees’ meetings.

Objectives and activities

The objects of the charity are the provision of buildings, grants and services for the advancement of the orthodox Jewish faith and the advancement of the Jewish orthodox religion.

The charity is committed to the aim of providing public benefit, and the trustees have considered the Charity Commission's published guidance on public benefit.

The charity operates a secondary school according to the tenets of the Jewish religion. The charity also provides extra support and educational help to children in need. Counselling services are also provided where required.

1

ATERES

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 August 2025

The school also arranges and takes part in many activities that provide benefit to the community. These activities range from making the school facilities available to other community charities and organisations, visiting the elderly and ill, help with local families in need, various, "chesed" programmes as well as inviting members of the community to school shows and performances.

The trustees consider they have met the public benefit test and outline these achievements below.

Strategic report

The following sections for achievements and performance and financial review form the strategic report of the charity.

Achievements and performance

Ateres continues to fulfil its founding mission: to provide Jewish girls with a rich and meaningful Orthodox Jewish education, underpinned by a rigorous and well-rounded secular curriculum. The school is proud to serve the local Orthodox Jewish community with warmth, dedication, and excellence.

Our educational ethos is rooted in Torah values, character refinement, and academic ambition. The school's dual curriculum is delivered by a devoted team of educators who inspire pupils to grow in their yiras Shomayim, middos tovos, and intellectual capabilities. The Jewish Studies programme is robust, nurturing a love of Torah, while our secular curriculum ensures that pupils are equipped with the skills, qualifications, and confidence needed for future success in education, career, and life.

Ateres maintains a strong culture of discipline, personal responsibility, and respect. We continue to achieve outstanding results in both the religious and general studies spheres, reflecting the school's unwavering commitment to high standards. A comprehensive range of extra-curricular activities further enhances the educational experience, developing creativity, leadership, and teamwork.

Building expansion project

We are delighted to report significant progress on our much-anticipated school extension project. The structure of the new building is now nearly complete, marking a major milestone in the school's development. The expanded facilities-comprising modern classrooms and new recreational spaces-will support our growing student body and enhance both the learning environment and pupil wellbeing.

Financial review

During the financial year ending 31st August 2025, the charity received total of £996,912 in income (2024 - £1,683,665). Direct charitable expenditure for the year amounted to £697,395 (2024 - £852,073), directed towards fulfilling the charity's core objectives of delivering high-quality Jewish and secular education. The charity ended the year with a net surplus of £225,369 (2024: surplus of £614,962), reflecting responsible financial stewardship.

2

ATERES

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 August 2025

The principal source of fundraising remains the generous contributions from donors, which totalled £775,379 (2024: £1,113,800). The trustees wish to place on record their heartfelt thanks to all benefactors for their continued support and commitment. Without the donors the school simply could not function.

Ateres continues to maintain low support and governance costs, ensuring that the vast majority of funding is channelled directly into educational delivery and infrastructure.

Reserves policy

The trustees have established a reserves policy to ensure the financial stability and ongoing operational effectiveness of the organization. It is the policy of the trustees to maintain unrestricted reserves equivalent to a minimum of six months’ worth of the organisation’s core operational expenditure.

As at the end of the financial year, the organisation holds unrestricted reserves of £1,170,886 and restricted reserves of £309,840. The unrestricted reserves exceed the minimum target set by the trustees, providing a strong financial cushion to manage income fluctuations, unforeseen expenses, and to ensure continuity of essential activities.

Restricted reserves of £309,840 are designated for specific purposes and are not available to cover general operating costs. The trustees regularly review the reserves level to ensure it remains appropriate to the organisation’s financial commitments, risks, and operational needs.

Should unrestricted reserves fall below the target minimum, the trustees will take appropriate measures, including budget adjustments and fundraising efforts, to restore the reserves to the agreed level.

Plans for future periods

With Hashem's help and the steadfast support of our community and partners, Ateres looks to the future with optimism and ambition. As we prepare to enter a new chapter in our school's growth, we remain guided by our founding values-committed to nurturing bnos Yisroel who will live lives of meaning, service, and excellence.

The trustees' annual report and the strategic report were approved on 11 June 2026 and signed on behalf of the board of trustees by:

Mr D Schleider Trustee

3

ATERES

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of ATERES

Year ended 31 August 2025

I report to the trustees on my examination of the financial statements of ATERES ('the charity') for the year ended 31 August 2025.

Responsibilities and basis of report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since your charity’s gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ACCA which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

2. the financial statements do not accord with those records; or

3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or

4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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 accounts to be reached.

H Davies FCCA Independent Examiner 158 Cromwell Road Salford M6 6DE

4

ATERES

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 31 August 2025

			2025		2024
		Unrestricted	Restricted
		funds	funds	Total funds	Total funds
	Note	£	£	£	£
Income and endowments
Donations and grants	5	793,950	86,811	880,761	1,500,460
Charitable activities	6	111,922	–	111,922	157,692
Investment income	7	79	–	79	550
Other income	8	4,150	–	4,150	24,963
		--------------------------------	----------------------------	--------------------------------	-----------------------------------------
Total income		910,101	86,811	996,912	1,683,665
		================================	============================	================================	=========================================
Expenditure
Expenditure on charitable activities	9	694,572	76,971	771,543	921,635
		--------------------------------	----------------------------	--------------------------------	-----------------------------------------
Total expenditure		694,572	76,971	771,543	921,635
		================================	============================	================================	=========================================
		--------------------------------	----------------------------	--------------------------------	-----------------------------------------
Net income		215,529	9,840	225,369	762,030
		================================	============================	================================	=========================================
Extraordinary items	15	–	–	–	(147,068)
		--------------------------------	----------------------------	--------------------------------	-----------------------------------------
Net movement in funds		215,529	9,840	225,369	614,962
Reconciliation of funds
Total funds brought forward		955,357	300,000	1,255,357	640,395
		-----------------------------------------	--------------------------------	-----------------------------------------	-----------------------------------------
Total funds carried forward		1,170,886	309,840	1,480,726	1,255,357
		=========================================	================================	=========================================	=========================================

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 8 to 19 form part of these financial statements.

5

ATERES

Company Limited by Guarantee

Statement of Financial Position (continued)

31 August 2025

		2025	2024
	Note	£	£
Fixed assets
Tangible fixed assets	16	1,718,839	1,505,259
Current assets
Debtors	17	–	10,257
Cash at bank and in hand		130,722	13,780
		--------------------------------	----------------------------
		130,722	24,037
Creditors: amounts falling due within one year	18	153,939	49,133
		--------------------------------	----------------------------
Net current liabilities		23,217	25,096
		-----------------------------------------	-----------------------------------------
Total assets less current liabilities		1,695,622	1,480,163
Creditors: amounts falling due after more than one year	19	214,896	224,806
		-----------------------------------------	-----------------------------------------
Net assets		1,480,726	1,255,357
		=========================================	=========================================
Funds of the charity
Restricted funds		309,840	300,000
Unrestricted funds:
Other unrestricted income funds		1,170,886	955,357
		-----------------------------------------	--------------------------------
Total unrestricted funds		1,170,886	955,357
		-----------------------------------------	-----------------------------------------
Total charity funds	21	1,480,726 =========================================	1,255,357 =========================================

For the year ending 31 August 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

• The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 11 June 2026, and are signed on behalf of the board by:

Mr D Schleider Trustee

The notes on pages 8 to 19 form part of these financial statements.

6

ATERES

Company Limited by Guarantee

Statement of Cash Flows

Year ended 31 August 2025

	2025	2024
	£	£
Cash flows from operating activities
Net income	225,369	762,030
Adjustments for:
Depreciation of tangible fixed assets	1,210	–
Government grant income	(18,571)	(13,120)
Other interest receivable and similar income	(79)	(550)
Interest payable and similar charges	16,386	17,942
Accrued (income)/expenses	(3,688)	23,789
Changes in:
Trade and other debtors	10,257	(10,257)
Trade and other creditors	107,235	(365,836)
	--------------------------------	--------------------------------
Cash generated from operations	338,119	413,998
Interest paid	(16,386)	(17,942)
Interest received	79	550
	--------------------------------	--------------------------------
Net cash from operating activities	321,812	396,606
	================================	================================
Cash flows from investing activities
Purchase of tangible assets	(214,790)	(417,602)
	--------------------------------	--------------------------------
Net cash used in investing activities	(214,790)	(417,602)
	================================	================================
Cash flows from financing activities
Proceeds from borrowings	(8,651)	(7,753)
Government grant income	18,571	13,120
	--------------------------------	--------------------------------
Net cash from financing activities	9,920	5,367
	================================	================================
Net increase/(decrease) in cash and cash equivalents	116,942	(15,629)
Cash and cash equivalents at beginning of year	13,780	29,409
	--------------------------------	----------------------------
Cash and cash equivalents at end of year	130,722	13,780
	================================	============================

The notes on pages 8 to 19 form part of these financial statements.

7

ATERES

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 August 2025

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 81 Bewick Road, Gateshead, Tyne And Wear, NE8 1RR.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:

Disclosures in respect of financial instruments have not been presented.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

8

ATERES

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 August 2025

3. Accounting policies (continued)

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

• income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

• legacy income is recognised when receipt is probable and entitlement is established.

• income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

• income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

9

ATERES

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 August 2025

3. Accounting policies (continued)

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

• expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.

• expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

• other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	1% straight line
Fixtures and fittings	-	15% straight line

10

ATERES

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 August 2025

3. Accounting policies (continued)

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received.

Where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

11

ATERES

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 August 2025

3. Accounting policies (continued)

Financial instruments (continued)

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

4. Limited by guarantee

The organisation is a charitable company limited by guarantee, in the event of the company being wound up members are required to contribute an amount not exceeding £1.

5. Donations and grants

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2025
	£	£	£
Donations
Donations and contributions	775,379	–	775,379

12

ATERES

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 August 2025

5. Donations and grants (continued)

			Unrestricted	Restricted	Total Funds
			Funds	Funds	2025
			£	£	£
	Grants
	Grants receivable		–	86,811	86,811
	Government grant income		18,571	–	18,571
			--------------------------------	----------------------------	--------------------------------
			793,950	86,811	880,761
			================================	============================	================================
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2024
			£	£	£
	Donations
	Donations and contributions		1,113,800	–	1,113,800
	Grants
	Grants receivable		5,300	368,240	373,540
	Government grant income		8,393	4,727	13,120
			-----------------------------------------	--------------------------------	-----------------------------------------
			1,127,493	372,967	1,500,460
			=========================================	================================	=========================================
6.	Charitable activities
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2025	Funds	2024
		£	£	£	£
	Other income from charitable activities	111,922	111,922	157,692	157,692
		================================	================================	================================	================================
7.	Investment income
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2025	Funds	2024
		£	£	£	£
	Bank interest receivable	79	79	550	550
		==============	==============	==============	==============
8.	Other income
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2025	Funds	2024
		£	£	£	£
	Other income	4,150	4,150	24,963	24,963
		=======================	=======================	============================	============================

13

ATERES

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 August 2025

9. Expenditure on charitable activities by fund type

		Unrestricted	Restricted	Total Funds
		Funds	Funds	2025
		£	£	£
	Direct charitable activities	683,509	13,886	697,395
	Support costs	11,063	63,085	74,148
		--------------------------------	----------------------------	--------------------------------
		694,572	76,971	771,543
		================================	============================	================================
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2024
		£	£	£
	Direct charitable activities	839,851	12,222	852,073
	Support costs	8,817	60,745	69,562
		--------------------------------	----------------------------	--------------------------------
		848,668	72,967	921,635
		================================	============================	================================
10.	Analysis of support costs
		Analysis of
		support costs	Total 2025	Total 2024
		£	£	£
	Communications and IT	3,192	3,192	2,151
	Governance costs	1,800	1,800	6,160
	Advertising	6,071	6,071	506
	Security	63,085	63,085	60,745
		----------------------------	----------------------------	----------------------------
		74,148	74,148	69,562
		============================	============================	============================
11.	Auditors remuneration
			2025	2024
			£	£
	Fees payable for the audit of the financial statements		–	5,500
			==============	=======================
12.	Independent examination fees
			2025	2024
			£	£
	Fees payable to the independent examiner for:
	Independent examination of the financial statements		1,800 =======================	– ==============

14

ATERES

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 August 2025

13. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

	2025	2024
	£	£
Wages and salaries	424,670	362,158
Employer contributions to pension plans	3,149	6,689
	--------------------------------	--------------------------------
	427,819	368,847
	================================	================================

The average head count of employees during the year was 42 (2024: 37). The average number of full-time equivalent employees during the year is analysed as follows:

	2025	2024
	No.	No.
Teaching	36	32
Administrative	6	5
	--------------	--------------
	42	37
	==============	==============

No employee received employee benefits of more than £60,000 during the year (2024: Nil).

14. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

15. Extraordinary items

	2025	2024
	£	£
Extraordinary charges	– ==============	(147,068) ================================

The Freehold and building has been valued by 10Homes Ltd at open market value for use on a commercial basis. The value on this basis is £1,500,000.

On the above basis an impairment provision of £147,068 has been made.

However, the trustees believe that the Freehold land and building as a functional school has a value of its cost at £1,800,000. However, the trustees have decided to show the Freehold land and building at its open market value and to revisit the value on an annual basis.

15

ATERES

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 August 2025

16. Tangible fixed assets

		Freehold	Fixtures and
		property	fittings	Total
		£	£	£
	Cost
	At 1 September 2024	1,500,002	74,839	1,574,841
	Additions	214,790	–	214,790
		-----------------------------------------	----------------------------	-----------------------------------------
	At 31 August 2025	1,714,792	74,839	1,789,631
		=========================================	============================	=========================================
	Depreciation
	At 1 September 2024	–	69,582	69,582
	Charge for the year	–	1,210	1,210
		-----------------------------------------	----------------------------	-----------------------------------------
	At 31 August 2025	–	70,792	70,792
		=========================================	============================	=========================================
	Carrying amount
	At 31 August 2025	1,714,792	4,047	1,718,839
		=========================================	============================	=========================================
	At 31 August 2024	1,500,002	5,257	1,505,259
		=========================================	============================	=========================================
17.	Debtors
			2025	2024
			£	£
	Other debtors		–	10,257
			==============	============================
18.	Creditors: amounts falling due within one year
			2025	2024
			£	£
	Bank loans and overdrafts		8,650	7,391
	Trade creditors		49,026	–
	Accruals and deferred income		38,054	41,742
	Social security and other taxes		4,569	–
	Other creditors		53,640	–
			--------------------------------	----------------------------
			153,939	49,133
			================================	============================

16

ATERES

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 August 2025

19. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	192,574	202,484
Other creditors	22,322	22,322
	--------------------------------	--------------------------------
	214,896	224,806
	================================	================================

The bank loans are secured by a charge on the property of the company.

20. Government grants

The amounts recognised in the financial statements for government grants are as follows:

	2025	2024
	£	£
Recognised in income from donations and legacies:
Government grants income	18,571	13,120
	============================	============================

21. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
	At				At
	1 September				31 August
	2024	Income	Expenditure	Transfers	25
	£	£	£	£	£
General funds	955,357	910,101	(694,572)	–	1,170,886
Revaluation reserve	–	–	–	–	–
	--------------------------------	--------------------------------	--------------------------------	--------------	-----------------------------------------
	955,357	910,101	(694,572)	–	1,170,886
	================================	================================	================================	==============	=========================================
	At
	1 September				At
	2023	Income	Expenditure	Transfers	31 August 24
	£	£	£	£	£
General funds	604,738	1,310,698	(995,736)	35,657	955,357
Revaluation reserve	35,657	–	–	(35,657)	–
	--------------------------------	-----------------------------------------	--------------------------------	----------------------------	--------------------------------
	640,395	1,310,698	(995,736)	–	955,357
	================================	=========================================	================================	============================	================================

17

ATERES

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 August 2025

21. Analysis of charitable funds (continued)

Restricted funds

Restricted funds
	At				At
1 September					31 August
	2024	Income	Expenditure	Transfers	25
	£	£	£	£	£
Restricted Funds	300,000	86,811	(76,971)	–	309,840
	================================	============================	============================	==============	================================
	At
1 September					At
	2023	Income	Expenditure	Transfers	31 August 24
	£	£	£	£	£
Restricted Funds	–	372,967	(72,967)	–	300,000
	==============	================================	============================	==============	================================
Analysis of net assets between funds
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2025
			£	£	£
Tangible fixed assets			1,418,839	300,000	1,718,839
Current assets			120,882	9,840	130,722
Creditors less than 1 year			(153,939)	–	(153,939)
Creditors greater than 1 year			(214,896)	–	(214,896)
			-----------------------------------------	--------------------------------	-----------------------------------------
Net assets			1,170,886	309,840	1,480,726
			=========================================	================================	=========================================
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2024
			£	£	£
Tangible fixed assets			1,205,259	300,000	1,505,259
Current assets			24,037	–	24,037
Creditors less than 1 year			(49,133)	–	(49,133)
Creditors greater than 1 year			(224,806)	–	(224,806)
			-----------------------------------------	--------------------------------	-----------------------------------------
Net assets			955,357	300,000	1,255,357
			=========================================	================================	=========================================

22. Analysis of net assets between funds

23. Analysis of changes in net debt

	At		At
	1 Sep 2024	Cash flows	31 Aug 2025
	£	£	£
Cash at bank and in hand	13,780	116,942	130,722
Debt due within one year	(7,391)	(1,259)	(8,650)
Debt due after one year	(202,484)	9,910	(192,574)
	--------------------------------	--------------------------------	--------------------------------
	(196,095)	125,593	(70,502)
	================================	================================	================================

18

ATERES

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 August 2025

24. Operating lease commitments

The total future minimum lease payments under non-cancellable operating leases are	The total future minimum lease payments under non-cancellable operating leases are	as follows:
	2025	2024
	£	£
Not later than 1 year	12,000	12,000
Later than 1 year and not later than 5 years	48,000	48,000
	----------------------------	----------------------------
	60,000	60,000
	============================	============================

19