Castle Education Trust Limited
Report
and
Financial
Statements
For The Period Ended
30 September 2024
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 2024.
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.
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 £446 (2023 £25,076)
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 Limited on 16 June 2025, behalf by
and signed on its
Mr. Samuel Mark Atkins Trustee
Castle Education Trust Limited
Statement Of Financial Activities
For The Period Ended 30 September 2024
| Notes | Unrestricted | Restricted | Restricted | 2024 | 2024 | 2023 | |
|---|---|---|---|---|---|---|---|
| Funds | Funds | Total Funds | Total Funds | ||||
| £ | £ | £ | £ | ||||
| INCOMING RESOURCES | |||||||
| Activities to further the Charity's Objects | |||||||
| Donations Received | 127,136 | 127,136 | 185,726 | ||||
| Investment Income and Interest | 0 | 0 | 0 | ||||
| Total Incoming Resources | 2 | 127,136 | 0 | 127,136 | 185,726 | ||
| RESOURCES EXPENDED | |||||||
| Costs of Generating Funds | |||||||
| Fund Raising Costs | 1,000 | 0 | 1,000 | 0 | |||
| Net Incoming Resources Available | |||||||
| For Charitable Activities | 126,136 | 0 | 126,136 | 185,726 | |||
| Charitable Expenditure | |||||||
| 3 | 27,189 | 0 | 27,189 | 58,678 | |||
| Total Charitable Expenditure |
27,189 | 0 | 27,189 | 58,678 | |||
| Governance Costs | 3 | 4,475 | 4,475 | 5,720 | |||
| 31,664 | 0 | 31,664 | 64,398 | ||||
| Total Charitable Expenditure | 31,664 | 0 | 31,664 | 64,398 | |||
| Total Resources Expended | 3 | 32,664 | 0 | 32,664 | 64,398 | ||
| Net Movement In Funds | 94,472 | 0 | 94,472 | 121,328 | |||
| Total Funds Brought Forward |
165,814 | 0 | 165,814 | 44,486 | |||
| Total Funds Carried Forward |
10 | £ 260,286 | **£ ** | 0 | **£ ** | 260,286 | £ 165,814 |
Page 4
Castle Education Trust Limited
Balance Sheet at 30 September 2024
| 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 |
2024 2023 £ £ 9,865 13,154 282,419 273,419 866 1,319 283,285 274,738 (32,864) (122,078) 250,421 152,660 260,286 165,814 £ 260,286 £ 165,814 0 0 260,286 165,814 £ 260,286 £ 165,814 |
2024 2023 £ £ 9,865 13,154 282,419 273,419 866 1,319 283,285 274,738 (32,864) (122,078) 250,421 152,660 260,286 165,814 £ 260,286 £ 165,814 0 0 260,286 165,814 £ 260,286 £ 165,814 |
2024 2023 £ £ 9,865 13,154 282,419 273,419 866 1,319 283,285 274,738 (32,864) (122,078) 250,421 152,660 260,286 165,814 £ 260,286 £ 165,814 0 0 260,286 165,814 £ 260,286 £ 165,814 |
|---|---|---|---|
| **£ ** | 152,660 | ||
| 165,814 | |||
| 165,814 | |||
| **£ ** | **£ ** | 0 165,814 |
|
| 165,814 |
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 2024 ,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 16 June 2025,
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 2024
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
| 2) Incoming Resources Donations Received Total Incoming Resources £ 3) Analysis of Total Resources Expended Charitable Activities Avertising Books and Publications Cleaning Gifts and Donations Made Refreshments Religious Requisites Repairs Utilities Total cost of Resources Expended Governance Costs Cost of Generating Funds Fund Raising Total Expenses For The Charity 4) 5) Governance Costs The Charitable Company is exempt from taxation on Taxation |
**£ ** | 2024 2023 £ £ 127,136 185,726 127,136 £ 185,726 2024 2023 £ £ 510 11,693 0 0 2,002 4,205 446 25,076 7,686 7,707 236 224 6,096 824 10,213 8,949 27,189 58,678 4,475 5,720 31,664 64,398 1,000 0 £ 32,664 £ 64,398 £ 4,475 £ 5,720 its charitable activities. |
|---|---|---|
Page 6
| Castle Education | Castle Education | Castle Education | Castle Education | Castle Education | Castle Education | Castle Education | Trust Limited | Trust Limited | Trust Limited | Trust Limited | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Notes | To | The Accounts - | 30 September 2024 | ||||||||||||||||||||
| 2024 | 2023 | ||||||||||||||||||||||
| **6) ** | Tangible Fixed Assets | ||||||||||||||||||||||
| Fixtures | and | Computers | Alarm | Sports | Total | ||||||||||||||||||
| Fittings | Equipment | ||||||||||||||||||||||
| £ | £ | £ | £ | £ | |||||||||||||||||||
| Cost or valuation | |||||||||||||||||||||||
| At | 1 October 2023 | 73,914 | 0 | 0 | 0 | 73,914 | |||||||||||||||||
| Additions | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||
| Disposals | 0 | 0 | |||||||||||||||||||||
| At | 30 September | 2024 | 73,914 | 0 | 0 | 0 | 73,914 | ||||||||||||||||
| Depreciation | |||||||||||||||||||||||
| At | 1 October 2023 | 60,760 | 0 | 0 | 0 | 60,760 | |||||||||||||||||
| Charge for the | year | 3,289 | 0 | 0 | 0 | 3,289 | |||||||||||||||||
| At | 30 September | 2024 | 64,049 | 0 | 0 | 0 | 64,049 | ||||||||||||||||
| Net | book values | ||||||||||||||||||||||
| At | 30 September | 2024 | £ | 9,865 | £ 0 | £ | 0 | £ | 0 | £ 9,865 | |||||||||||||
| At | 1 October 2023 | £ | 13,154 | £ 0 | £ | 0 | £ | 0 | £ 13,154 | ||||||||||||||
| **7) ** | Debtors | 2024 | 2023 | ||||||||||||||||||||
| £ | £ | ||||||||||||||||||||||
| Other Debtors | 282,419 | 273,419 | |||||||||||||||||||||
| £ 282,419 | £ 273,419 | ||||||||||||||||||||||
| **8) ** | Creditors: | Amounts | falling due | within one | year | ||||||||||||||||||
| 2024 | 2023 | ||||||||||||||||||||||
| £ | £ | ||||||||||||||||||||||
| Bank Loans and Overdrafts | 0 | 0 | |||||||||||||||||||||
| Debt due within one year | 0 | 0 | |||||||||||||||||||||
| Other Creditors | 32,864 | 122,078 | |||||||||||||||||||||
| £ 32,864 | £ 122,078 | ||||||||||||||||||||||
| **9) ** | Net Assets of | The Charity's Funds | Net Current | ||||||||||||||||||||
| Fixed | Assets / ( | Fund | |||||||||||||||||||||
| Assets | Liabilities) | Balances | |||||||||||||||||||||
| £ | £ | £ | |||||||||||||||||||||
| Restricted Funds | 0 | 0 | 0 | ||||||||||||||||||||
| Unrestricted Funds | 9,865 | 250,421 | 260,286 | ||||||||||||||||||||
| Total Funds | £ | 9,865 | £ 250,421 | £ 260,286 | |||||||||||||||||||
| **10) ** | Restricted Funds | : Movements In The Year | |||||||||||||||||||||
| Balance at | Balance at | ||||||||||||||||||||||
| 1 October 2023 | Income | **Expended ** | **Reserves ** | 30 September 2024 | |||||||||||||||||||
| £ | £ | £ | £ | £ | |||||||||||||||||||
| 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 | |||||||||||||||||||||
| 1 October 2023 | Income | Expended | Reserves | 30 September 2024 | |||||||||||||||||||
| £ | £ | £ | £ | £ | |||||||||||||||||||
| General | Reserve | 165,814 | 127,136 | 32,664 | 0 | 260,286 | |||||||||||||||||
| Total | **Funds ** | £ 165,814 | £ 127,136 | £ 32,664 | **£ ** | 0 | **£ ** | 260,286 |
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 2024 Corporation Tax Reference 455 85157 12455 FOR MANAGEMENT INFORMATION ONLY
| £ Governance Costs Bank Charges 137 Deprecation of Fixtures and Fittings 3,289 Bank Interest 127 Legal Fees 34 Professional Fees 425 Telephone 463 Total Governance Costs 2024 |
£ £ £ 198 4,385 234 15 330 558 £ 4,475 £ 5,720 2023 |
|---|---|
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 2024 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 16 June 2025
Independent Exmainer
- C. Rosen & Co
Page 9