Castle Education Trust Limited
Report
and
Financial
Statements
For The Period Ended 30 September 2022
Castle Education Trust Limited
| Contents | |
|---|---|
| Page | |
| Legal and Administrative Information | 1 |
| Report of The Trustees | 2 and 3 |
| Statement Of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes forming part of the financial statements | 6 and 7 |
| Accountants Report | 8 |
Castle Education Trust Limited
Governors Mr. Samuel Mark Atkins Mr. Yaaqov Goldberg Yadler Mr. Morris Goldberg Secretary: Mr. Samuel Mark Atkins
The Organisation is a Charitable Company.
Date Of Incorporation 29 September 2009 Date of Charity Registration 2 April 2012 Registered Office 110 Castlewood Road South Tottenham London N15 6BE Company Number 07013681 Charity Number 1146738
Page 1
Castle Education Trust Limited
Report of the Trustees
The Directors / Trustees present their annual report with accounts of the Charitable Company for the Period Ended 30 September 2022.
Status and Administration
The Charity is constituted as a company limited by guarantee, and is therefore governed by a Memorandum and Articles of Association.
Charitable Objects
The Company is a none profit making Company whose objects are
the advancement in education and training throughout the world, and the Relief of Poverty
Directors / Trustees
The Directors and Trustees in office throughout the year were
Mr. Samuel Mark Atkins Mr. Yaaqov Goldberg Yadler Mr. Morris Goldberg
Reserves Policy
The trustees retain reserves as necessary and where appropriate, consolidate funds in order to make more substantial grants which they feel to be appropriate.
Page 2
Castle Education Trust Limited
Report of the Management Committee
Responsibilities of the Trustees
Company and Charity Law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company as at the Balance Sheet Date, and of its incoming resources, including income and expenditure for the financial year.
In preparing those financial statements, the Trustees should follow best practice and
-
a. Select suitable accounting policies and the apply them consistently.
-
b. Make judgements and estimates that are reasonable and prudent.
c. Follow applicable accounting standards and the Charities SORP 2015, disclosing and explaining any departures in the financial statements.
d. Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in operation.
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them as Trustees to ensure that the financial statements comply with the Charity Law and the Companies Act 2006.
The Trustees are also responsible for safeguarding the charitable company's assets
and hence for taking reasonable steps for the prevention and detection of fraud and other regularities.
Members of The Management Committee
Members of The Management Committee, who are Directors for the purpose of Company Law and Trustees for the purpose of Charity Law are set out on Page 1.
Political and Charitable Donations
During the year, the Charitable Company made charitable contributions of £28,500 (2021 £11,000)
The Euro
The impact of the Euro has been considered generally by the company. Although the impact of the changeover to the Euro is not currently anticipated to be significant, this issue is being closely monitored.
The above report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by The Trustees of Castle Education Trust Limitedon 20 June 2023, and signed on its behalf by
Mr. Samuel Mark Atkins Trustee
Page 3
Castle Education Trust Limited
Statement Of Financial Activities
For The Period Ended 30 September 2022
| Notes | Unrestricted | Restricted | Restricted | 2022 | 2021 | ||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Total Funds | Total Funds | ||||
| £ | £ | £ | £ | ||||
| INCOMING RESOURCES | |||||||
| Activities to further the Charity's Objects | |||||||
| Donations Received | 56,775 | 56,775 | 39,440 | ||||
| Investment Income and Interest | 0 | 0 | 0 | ||||
| Total Incoming Resources | 2 | 56,775 | 0 | 56,775 | 39,440 | ||
| RESOURCES EXPENDED | |||||||
| Costs of Generating Funds | |||||||
| Fund Raising Costs | 0 | 0 | 0 | 0 | |||
| Net Incoming Resources Available | |||||||
| For Charitable Activities | 56,775 | 0 | 56,775 | 39,440 | |||
| Charitable Expenditure | |||||||
| 3 | 41,397 | 0 | 41,397 | 22,741 | |||
| Total Charitable Expenditure |
41,397 | 0 | 41,397 | 22,741 | |||
| Governance Costs | 3 | 6,835 | 6,835 | 8,451 | |||
| 48,232 | 0 | 48,232 | 31,192 | ||||
| Total Charitable Expenditure | 48,232 | 0 | 48,232 | 31,192 | |||
| Total Resources Expended | 3 | 48,232 | 0 | 48,232 | 31,192 | ||
| Net Movement In Funds | 8,543 | 0 | 8,543 | 8,248 | |||
| Total Funds Brought Forward |
35,943 | 0 | 35,943 | 27,695 | |||
| Total Funds Carried Forward |
10 | £ 44,486 | £ | 0 | £ | 44,486 | £ 35,943 |
Page 4
Castle Education Trust Limited
Balance Sheet at 30 September 2022
| Notes Fixed Assets Tangible Assets 6 Current Assets Debtors 7 Cash at Bank and in Hand Creditors : Amounts falling due within one year 8 Net Current Assets / ( Liabilities) Total assets less current liabilities Net Assets / ( Liabilities) 9 Restricted Funds 10 Unrestricted Funds 10 Total Funds |
2022 2021 £ £ 17,539 23,386 10,186 20,955 30,420 13,712 40,606 34,667 (13,659) (22,110) 26,947 12,557 44,486 35,943 £ 44,486 £ 35,943 0 0 44,486 35,943 £ 44,486 £ 35,943 |
2022 2021 £ £ 17,539 23,386 10,186 20,955 30,420 13,712 40,606 34,667 (13,659) (22,110) 26,947 12,557 44,486 35,943 £ 44,486 £ 35,943 0 0 44,486 35,943 £ 44,486 £ 35,943 |
23,386 20,955 13,712 |
|---|---|---|---|
| £ | 12,557 | ||
| 35,943 | |||
| 35,943 | |||
| £ | £ | 0 35,943 |
|
| 35,943 |
These accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and the Financial Reporting Standard for Small Entities.
For the financial year ended 30 September 2022 ,the company was entitled to an exemption from under Section 477 Companies Act 2006, and no notice has been deposited under Section 476. The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the year and of its profit or loss for the financial year in accordance with the requirements of sections 394 and 395 which otherwise comply with the requirements of the Companies Act 2006, so far as applicable to the company.
Approved by the Trustees on 20 June 2023,
and signed on its behalf by
Signed
Mr. Samuel Mark Atkins Trustee
The notes on pages 6 to 7 form part of these accounts.
Page 5
Castle Education Trust Limited
Notes To The Accounts - 30 September 2022
1) Principal Accounting Policies
Basis of Accounting
The Accounts have been prepared under the historical cost convention in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006, Charities Act (Accounts and Reports) 2011, and the Financial Reporting Standard for Smaller Entities 102, and follow the recommendations in Accounting and Reporting By Charities: Statement of Recommended Practice (effective from April 2015).
The accounts do not include a cash flow statement because the Charitable Company as a small reporting entity is exempt from the requirement to prepare such a statement.
Donations and Fund Accounting
Donations received for the general and main purposes of the Charity are included as unrestricted funds. Donations and Grants for activities restricted by the donors are taken to restricted funds if the wishes and conditions of the donor are legally binding on the Governors.
Resources Expended
Resources expended are accounted for on an accruals basis. Certain expenditure is apportioned to cost categories based on estimated amount attributable to that activity in the year. These estimates are based on the time and level of activity as appropriate.
The irrecoverable element of VAT is included with the item of expense to which it relates.
Tangible Fixed Assets
Depreciation is provided after taking into account of any grants receivable at the following annual rates in order to write off each asset over its estimated useful life
| Fixtures and fittings | 25% on net book value | 25% on net book value | |||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| **2) ** | Incoming Resources | £ | £ | ||
| Donations Received | 56,775 | 39,440 | |||
| Total Incoming Resources | £ 56,775 | £ 39,440 | |||
| **3) ** | Analysis of Total Resources Expended | 2022 | 2021 | ||
| Charitable Activities | £ | £ | |||
| Avertising | 195 | 1,005 | |||
| Books and Publications | 231 | 306 | |||
| Cleaning | 1,370 | 409 | |||
| Decoration | 0 | 0 | |||
| Events | 0 | 307 | |||
| Gifts and Donations Made | 28,500 | 11,000 | |||
| Rates | 0 | 289 | |||
| Refreshments | 8,694 | 4,704 | |||
| Religious Requisites | 0 | 0 | |||
| Repairs | 558 | 2,785 | |||
| Sundry | 0 | 0 | |||
| Utilities | 1,849 | 1,936 | |||
| Total cost of Resources Expended | 41,397 | 22,741 | |||
| Governance Costs | 6,835 | 8,451 | |||
| 48,232 | 31,192 | ||||
| Total Expenses For The Charity | £ 48,232 | £ 31,192 | |||
| 4) | Taxation | ||||
| The Charitable Company is exempt from taxation on | its charitable activities. | ||||
| **5) ** | Governance Costs | £ 6,835 | £ 8,451 |
Page 6
| Castle Education Trust Limited | Castle Education Trust Limited | Castle Education Trust Limited | Castle Education Trust Limited | Castle Education Trust Limited | Castle Education Trust Limited | Castle Education Trust Limited | Castle Education Trust Limited | Castle Education Trust Limited | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Notes To The Accounts - | 30 September 2022 | |||||||||||||||
| 2022 | 2021 | |||||||||||||||
| **6) ** | Tangible Fixed Assets | |||||||||||||||
| Fixtures and | Computers | Alarm | Sports | Total | ||||||||||||
| Fittings | Equipment | |||||||||||||||
| £ | £ | £ | £ | £ | ||||||||||||
| Cost | or valuation | |||||||||||||||
| At | 30 September 2021 | 73,914 | 0 | 0 | 0 | 73,914 | ||||||||||
| Additions | 0 | 0 | 0 | 0 | 0 | |||||||||||
| Disposals | 0 | 0 | ||||||||||||||
| At | 30 September 2022 | 73,914 | 0 | 0 | 0 | 73,914 | ||||||||||
| Depreciation | ||||||||||||||||
| At | 30 September 2021 | 50,528 | 0 | 0 | 0 | 50,528 | ||||||||||
| Charge for the year | 5,847 | 0 | 0 | 0 | 5,847 | |||||||||||
| At | 30 September 2022 | 56,375 | 0 | 0 | 0 | 56,375 | ||||||||||
| Net book values | ||||||||||||||||
| At | 30 September 2022 | £17,539 | £ 0 | £ | 0 | £ | 0 | £17,539 | ||||||||
| At | 30 September 2021 | £23,386 | £ 0 | £ | 0 | £ | 0 | £23,386 | ||||||||
| **7) ** | Debtors | 2022 | 2021 | |||||||||||||
| £ | £ | |||||||||||||||
| Other Debtors | 10,186 | 20,955 | ||||||||||||||
| £ 10,186 | £ 20,955 | |||||||||||||||
| **8) ** | Creditors: | Amounts falling due | within one year | |||||||||||||
| 2022 | 2021 | |||||||||||||||
| £ | £ | |||||||||||||||
| Bank Loans and Overdrafts | 9,575 | 12,000 | ||||||||||||||
| Debt due within one year | 9,575 | 12,000 | ||||||||||||||
| Other Creditors | 4,084 | 10,110 | ||||||||||||||
| £ 13,659 | £ 22,110 | |||||||||||||||
| **9) ** | Net Assets of The | Charity's Funds | Net | Current | ||||||||||||
| Fixed | Assets / ( | Fund | ||||||||||||||
| Assets | Liabilities) | Balances | ||||||||||||||
| £ | £ | £ | ||||||||||||||
| Restricted Funds | 0 | 0 | 0 | |||||||||||||
| Unrestricted Funds | 17,539 | 26,947 | 44,486 | |||||||||||||
| Total Funds | £17,539 | £ 26,947 | £ 44,486 | |||||||||||||
| **10) ** | Restricted Funds | : Movements In The Year | ||||||||||||||
| Balance at | Balance at | |||||||||||||||
| 30 September | 2021 | Income | **Expended ** | Reserves 30 September 2022 | ||||||||||||
| £ | £ | £ | £ | £ | ||||||||||||
| 0 | 0 | 0 | 0 | 0 | ||||||||||||
| Total Funds | £ 0 | £ | 0 | £ | 0 | £ | 0 | £ 0 | ||||||||
| **10) ** | Unrestricted Funds | : Movements In The Year | Transfer | |||||||||||||
| Balance at | to / (from) | Balance at | ||||||||||||||
| 30 September | 2021 | Income | **Expended ** | Reserves 30 September 2022 | ||||||||||||
| £ | £ | £ | £ | £ | ||||||||||||
| General Reserve | 35,943 | 56,775 | 48,232 | 0 | 44,486 | |||||||||||
| Total Funds | £ 35,943 | £ 56,775 | £ 48,232 | £ | 0 | £ 44,486 |
11) Related Party Transactions
No trustee nor any person connected with them received any remuneration, or claimed any expense, during the year, from this or any related Charity.
There were no Related Party Transactions in the Year.
Page 7
Castle Education Trust Limited Detailed Support and Management Costs For The Year Ended 30 September 2022 Corporation Tax Reference 455 85157 12455 FOR MANAGEMENT INFORMATION ONLY
| £ Governance Costs Bank Charges 175 Deprecation of Fixtures and Fittings 5,847 Bank Interest 249 Legal Fees 15 Professional Fees 190 Telephone 359 Total Governance Costs 2022 |
£ £ £ 134 7,796 15 190 316 £ 6,835 £ 8,451 2021 |
|---|---|
Page 8
Independent Examiner's Report to the Trustees on the Unaudited Accounts of the Charitable Company Castle Education Trust Limited
We report on the accounts for the period ended 30 September 2022 set out on pages 4 to 7.
These financial statements have been prepared, under the historical cost convention, and in accordance with the recommendations in Accounting and Reporting By Charities: Statement of Recommended Practice (Issued 2015), and the Financial Reporting Standard for Smaller Entities 102 (effective 2016), and the accounting policies set out therein.
Respective Responsibilities Of Directors / Trustees and Reporting Accountants
As described on page 3, the trustees as directors of the charitable company are responsible for the preparation of the accounts, and they consider that the company is exempt from an audit in accordance with the Charities Act 2011 Section 144 (2).
It is our responsibility to carry out the procedures designed to enable us to report our opinion.
Basis of Independent Examiner's Report
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners.
An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. These procedures provide only the assurance expressed in our opinion.
The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.
Opinion
In our opinion, no matter has come to our attention,
-
1) which gives us reasonable cause to believe that, in any material respect, the requirements
-
a) to keep accounting records in accordance with section 130 of the Act; and
-
b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met; or
-
2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Date 20 June 2023
Independent Exmainer
- C. Rosen & Co
Page 9
Castle Education Trust Limited
Abbridged Accounts
For The Period Ended
30 September 2022
Company Number 07013681
Registered Office 110 Castlewood Road South Tottenham London N15 6BE
Castle Education Trust Limited
| Contents | |
|---|---|
| Page | |
| Balance Sheet | 1 |
| Notes forming part of the financial statements | 2 |
Castle Education Trust Limited
| Castle Education Trust Limited | Castle Education Trust Limited | Castle Education Trust Limited |
|---|---|---|
| Abbreviated Notes 2022 2021 £ £ Fixed Assets Tangible Assets 2 17,539 23,386 Current Assets Debtors 10,186 20955 Cash at Bank and in Hand 30,420 13,712 40,606 34,667 Amounts falling due within one year 3 (13,659) (22,110) Net Current Assets / ( Liabilities) 26,947 12,557 Total assets less current liabilities 44,486 35,943 Net Assets / ( Liabilities) £44,486 £ 35,943 Unrestricted Funds 44,486 35,943 Total Funds £ 44,486 £ 35,943 Creditors : Balance Sheet at 30 September 2022 |
||
| £ | 12,557 | |
| 35,943 35,943 |
||
| £ | 35,943 | |
| 35,943 |
These abbreviated accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006
For the financial year ended 30 September 2022 ,the company was entitled to an exemption from under Section 477 Companies Act 2006, and no notice has been deposited under Section 476. The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the year and of its profit or loss for the financial year in accordance with the requirements of sections 394 and 395 which otherwise comply with the requirements of the Companies Act 2006, so far as applicable to the company.
Approved by the Trustees on 20 June 2023,
and signed on its behalf by
Mr. Samuel Mark Atkins Trustee
The notes on page 2 form part of these abbreviated accounts.
Page 1
Castle Education Trust Limited
Notes To The Abbreviated Accounts - 30 September 2022
1) Principal Accounting Policies
Basis of Accounting
The Accounts have been prepared under the historical cost convention in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006, Charities Act (Accounts and Reports) 2011, and the Financial Reporting Standard for Smaller Entities 102, and follow the recommendations in Accounting and
Donations and Fund Accounting
Donations received for the general and main purposes of the Charity are included as unrestricted funds. Donations and Grants for activities restricted by the donors are taken to restricted funds if the wishes and conditions of the donor are legally binding on the Governors.
Resources Expended
Resources expended are accounted for on an accruals basis. Certain expenditure is apportioned to cost categories based on estimated amount attributable to that activity in the year. These estimates are based on the time and level of activity as appropriate.
The irrecoverable element of VAT is included with the item of expense to which it relates.
2) Fixed assets
| Cost or valuation At At Depreciation At Charge for the year At Net book values At At 3) Creditors Creditors include the following Other Creditors Accruals 30 September 2021 30 September 2022 30 September 2021 30 September 2022 30 September 2022 30 September 2021 |
Total £ 73,914 0 73,914 50,528 5,847 56,375 £ 17,539 £23,386 2022 2021 £ £ 4,084 10,110 0 0 £ 13,659 £ 22,110 |
|---|---|
Page 2