Girls Institute of Education Leeds Registered Charity Number: 1149073 Accounts
31 December 2021
Girls Institute of Education Leeds Contents
| Page | |
|---|---|
| Charity information | 1 |
| Trustees' report | 2 |
| Accountants' Report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 |
Girls Institute of Education Leeds Charity Information
Trustees
Parviz Hussain Chair Ejaz Hussain Zulfiqar Ahmed Shazad Ilyas
Accountants
Ferndale Accountants Ltd Alpha Business Centre, Suite 1 173 Otley Road Bradford West Yorkshire BD3 0HS
Bankers
Yorkshire Bank
Charity address
New Horizon Community School Newton Hill House Newton Hill Road Leeds LS7 4JE
1
Girls Institute of Education Leeds
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees present their report and the financial statements for the year from 01 January 2021 to 31 December 2021.
Trustees
The trustees named on page 1 have served throughout the year except where stated. Appointment of trustees is governed by the constitution of the charity. The Board of Trustees is authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee.
Constitution, Objects and Policies
The objects are to enhance the development and education of girls aged 11-18 by the provision of a school (schools) and by providing facilities for the benefit of the community in furtherance of the mail objective.
Activities and Achievements
This year has been an interesting and at times a challenging year. In setting our objectives and and planning our activities our Governors have given careful consideration to the Charity Commisssion’s public benefit guidance.
Our key objective for the year included:
-
to broaden our academic curriculum
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to increase pupil numbers
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to enhance the IT systems at the school
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encourage leadership opportunities through school activities
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to provide a safe environment that complies with legislation and statutory guidance in regards to child protection
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to enhance the sprirtual, social, cultural, health and economic experiences of students
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to support under achieving students and those whose first language is not English
The school has worked hard to meets objectives and in doing so has provided benefits to the public in advancing children’s education and preparing them for the future.
The school has:
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enhanced its offering of subjects to include Art and Crafts
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provided support for children with learning difficulties
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significantly increased GCSE results
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improved the infrastructure of the school
Statement of Trustees' Responsibilities
The trustees are required under the constitution of the charity to prepare financial statements for each financial year
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Reserves
The majority of funds are sourced from school fee and voluntry contributions. The trustees consider that the reserves held are sufficient to continue the support of the School in future years.
Risk
The trustees actively review the major risks which the charity faces on a regular basis and have also examined other operational and business risks faced by the charity. The trustees confirm that they have established systems to mitigate the significant risks.
Approval
This report was approved by the trustees on 20 June 2022 and signed on their behalf by
Mr Parviz Hussain
Chair
2
Girls Institute of Education Leeds
Accountants' report on the unaudited accounts to Girls Institute of Education Leeds
I report on the accounts of the charity for the year ended 31 December 2021, which are set out on pages 4 to 6.
You have approved the accounts for the year ended 31 December 2021 which comprise the Statement of financial activities, the Balance Sheet and the related notes. In accordance with your instructions, we have compiled these unaudited accounts from the accounting records and information and explanations supplied to us.
Ferndale Accountants Ltd
The Association of Accounting Technicians
Alpha Business Centre, Suite 1 173 Otley Road Bradford West Yorkshire BD3 0HS 20 June 2022
3
Girls Institute of Education Leeds Statement of financial activities
for the year ended 31 December 2021
| Notes Incomeing Resources Income-unrestricted funds 2 Other income 2 Total incoming resources Resources Expended Employee costs Educational expenses Premises costs Repairs General administrative expenses Advertising, promotion and entertainment Legal and professional costs Other finance charges Other expenses Total resourses expended Net movement in funds Total funds at 1 January Total funds at 31 December |
2021 £ 85,547 39,924 125,471 44,686 28,253 9,480 3,814 17,191 500 2,750 457 - 107,131 18,340 839,081 857,421 |
2020 £ 70,734 36,024 |
|---|---|---|
| 106,758 | ||
| 44,899 19,336 12,765 2,447 22,467 - - 422 82 |
||
| 102,418 | ||
| 4,340 834,741 |
||
| 839,081 |
4
Girls Institute of Education Leeds Balance Sheet as at 31 December 2021
| Notes Fixed assets Premises Current assets Bank/building society balances Current liabilities Trade creditors/accruals Other liabilities Net current assets Net assets Funds Brought forward Current Net movement in funds Total funds |
2021 £ 775,000 83,410 (1) 990 989 82,421 857,421 839,081 18,340 857,421 |
2021 £ 775,000 83,410 (1) 990 989 82,421 857,421 839,081 18,340 857,421 |
64,081 | 2020 £ 775,000 64,081 |
|---|---|---|---|---|
| - - |
||||
| 989 | - | |||
| 857,421 | 839,081 | |||
| 839,081 18,340 |
834,741 4,340 |
|||
| 857,421 | 839,081 |
5
Girls Institute of Education Leeds Notes to the Financial Statements for the year ended 31 December 2021
1 Accounting basis
The accounts are prepared on the receipts and payments basis and include the results of the charity's operations which are described in the Trustees' report, all of which are continuing.
The charity has taken advantage of the exemption in Financial Reporting Standard number 1 from the requirement to produce a cash flow statement on the grounds that it qualifies as a small charity.
2 Detailed analysis of resources
| Income-unrestricted funds Fees Other direct costs Other direct costs Other income/profits Interest receivable Rent received Employee costs Wages and salaries Pensions Temporary staff and recruitment Premises costs Rates Light and heat Cleaning Repairs Repairs General administrative expenses Telephone and fax Stationery and printing Subscriptions Insurance Equipment expensed Hire of equipment Loan repayment Software Advertising, promotion and entertainment Advertising and PR Legal and professional costs Accountants fees Consultancy fees Other finance charges Bank charges Other expenses Other expenses |
2021 £ 85,547 28,253 7 39,917 39,924 38,732 - 5,954 44,686 3,801 5,205 474 9,480 3,814 642 - 2,594 5,200 5,460 3,295 - - 17,191 500 250 2,500 2,750 457 - |
2020 £ 70,734 |
|---|---|---|
| 19,336 | ||
| 24 36,000 |
||
| 36,024 | ||
| 42,136 249 2,514 |
||
| 44,899 | ||
| 3,819 8,525 421 |
||
| 12,765 | ||
| 2,447 | ||
| 620 397 1,148 3,945 11,147 2,680 - 2,530 |
||
| 22,467 | ||
| - | ||
| - - |
||
| - | ||
| 422 | ||
| 82 |
6