Girls Institute of Education Leeds Registered Charity Number: 1149073 Accounts
31 December 2024
## **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 Suite 1 15 Salem Street Bradford West Yorkshire BD1 4QH
## **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 2024**
The trustees present their report and the financial statements for the year from 01 January 2024 to 31 December 2024.
## **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
- to increase pupil numbers
- to enhance the IT systems at the school
- encourage leadership opportunities through school activities
- to provide a safe environment that complies with legislation and statutory guidance in regards to child protection
- to enhance the sprirtual, social, cultural, health and economic experiences of students
- 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:
- enhanced its offering of subjects to include Art and Crafts
- provided support for children with learning difficulties
- significantly increased GCSE results
- 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 10 April 2025 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 2024, which are set out on pages 4 to 6.
You have approved the accounts for the year ended 31 December 2024 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
Suite 1 15 Salem Street Bradford West Yorkshire BD1 4QH 10 April 2025
3
## **Girls Institute of Education Leeds Statement of financial activities**
## **for the year ended 31 December 2024**
|**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
**Total resourses expended**
**Net movement in funds**
**Total funds at 1 January**
**Total funds at 31 December**|**2024**
**£**
120,198
34,587
154,785
90,141
45,875
22,936
1,750
11,893
2,214
10,938
705
186,452
(31,667)
874,272
842,605|**2023**
**£**
138,499
30,763|
|---|---|---|
|||169,262|
|||65,341
50,570
19,060
1,614
17,415
923
650
595
156,168|
|||13,094
861,178|
|||874,272|
4
## **Girls Institute of Education Leeds Balance Sheet**
## **as at 31 December 2024**
|**Notes**
**Fixed assets**
Premises
**Current assets**
Bank/building society balances
**Current liabilities**
Other liabilities
**Net current assets**
**Net assets**
**Funds**
Brought forward
Current Net movement in funds
**Total funds**|74,997|**2024**
**£**
775,000
67,605|99,291|**2023**
**£**
775,000
99,272|
|---|---|---|---|---|
||7,392||19||
||||||
|||842,605||874,272|
|||874,272
(31,667)||861,178
13,094|
|||842,605||874,272|
5
**Girls Institute of Education Leeds Notes to the Financial Statements for the year ended 31 December 2024**
## **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
Donations
**Other direct costs**
Educational Expenses
Charitable donations
Other direct costs
**Other income/profits**
Interest receivable
Rent received
Summer Youth Project-Leeds City Council
**Employee costs**
Wages and salaries
Pensions
Temporary staff and recruitment
Staff training and welfare
**Premises costs**
Rent
Rates
Light and heat
Cleaning
**Repairs**
Repairs
**General administrative expenses**
Telephone and fax
Subscriptions
Insurance
Equipment expensed
Hire of equipment
Loan repayment
Software
**Advertising, promotion and entertainment**
Advertising and PR
**Legal and professional costs**
Accountants fees
Solicitors fees
Other legal and professional
Consultancy fees
**Other finance charges**
Bank charges|**2024**
**£**
105,233
14,965
120,198
10,364
10,406
25,105
45,875
1,087
32,400
1,100
34,587
85,592
414
4,080
55
90,141
300
4,121
18,005
510
22,936
1,750
13
597
5,254
1,176
4,333
-
520
11,893
2,214
1,000
8,243
315
1,380
10,938
705|**2023**
**£**
119,227
19,272|
|---|---|---|
|||138,499|
|||13,406
-
37,164|
|||50,570|
|||823
29,940
-|
|||30,763|
|||64,077
606
308
350|
|||65,341|
|||-
4,437
14,032
591|
|||19,060|
|||1,614|
|||413
2,334
5,659
2,592
4,629
-
1,788|
|||17,415|
|||923|
|||650
-
-
-|
|||650|
|||595|
6