Regislered number: 02876158
Charity number: 11 S2261
GLOUCESTERSHIRE ASSOCIATION OF SECONDARY HEADTEACHERS
LIMITED
(A Company Limlted by Guarantee)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

GLOUCESTERSHIRE ASSOCIATION OF SECONDARY HEADTEACHERS LIMITED
(A Company Limited by Guarantee)
CONTENTS
Page
Reference and Adminlstrative Detalls of the Company, its Trustees and Advisers
Trustees. Report
Independent Audllors. Report on the Flnancial Statements
Statement of Flnancial Activilies
9-12
13
Balance Sheat
14-15
statement of Cash Flows
16
Notes to Ihe Financial Statements
17-31

GLOUCESTERSHIRE ASSOCIATION OF SECONDARY HEADTEACHERS LIMITED
(A Company Llmited by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 AUGUST 2024
Trustees
M Morgan
D Burke
W Morgan
G Jeremiah
H Wood
J Richardson
Company registered
number
02876158
Charity reglstered
umber
1152261
Registered office
The Tralning Room
Pate's Grammar School
Princess Elizabeth Way
Chelténham
Gloucestershire
GL51 OHG
Company secretary
Cara York
Independent auditors
Randall & Payne LLP
Shurdington Road
Chellenham
Gloucestershire
GL514GA
Bankers
Virgin Money
177 Bolhwell Streel
Glasgow
G2 7ER
Page 1

GLOUCESTERSHIRE ASSOCIATION OF SECONDARY HEADTEACHERS LIMITED
IA Company Llmlted by Guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
The Trustees present thelr annual report together with Ihe audited financial statements of the Company for the 1
September 2023 to 31 August 2024. The Annual Report serves the purposes of both a Trustees, report and a
directors. report under company law. The Trustees confirm that Ihe Annual Report and financial statemenls of
the charitable company comply with the current statutory requirements, the requiremenls of the charitable
compar)Is governing document and the provisions of the Slatement of Recommended Practice {SORP)
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic cf Ireland (FRS102) (effeclive 1 January 2019).
Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report
required of medium and large cornpanies under the Companies Act 2006 (Strategic Report and Directors,
Report) Regulations 2013 has been omitted.
Objectives and activities
a. Objectlves and a¢tivities
The aims and objectives of the Charity are to advance the education of the public in general, in particular
amongst primary and secondary schools, and to provide initial teacher training and continual professional
development.
In strfvlng towards thls. the Charity has considérod the Charity Commlssloners guldance on public benefit and
the Charity operates In order to ensure the best possible provision of educatlon and services for young people In
GlouGestershire's schools.
The Twstees confirm that due consideratlon has been glven to the Charfty Commission's published guidance
on the Public Benefit requlrement under the Charities Act 2011.
b. Strategles for achlevlng objectives
The Charity supports schools by offering professional development and advice at little or, preferably, no cosl to
schools. It also adds c8pacity to enable schools to deliver specific projects and aims lo be financlally s81f-
supporting by working on contracts and projects regionally and nationally.
c. Grant maklng pollcles
The Trustees consider applications for specific grants to support partlcular projects.
Pag8 2

GLOUCESTERSHIRE ASSOCIATION OF SECONDARY HEADTEACHERS LIMITED
(A Company Llmlted by Guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Achlevements and performanc•
a. Main achievements of the Company
In line wilh its aims and objectives the Tnjstees and Board of Directors have achieved the following during the
previous 12 months:
Inltlal Teacher Training
In 2023124 the Charity continued to support the Gloucestershire Initial Teacher Education Partnership IGITEP)
School Centred Initial Teacher Training (SCITh). The Charity conlinues to have a partnership with the
Universlty of Brislol to provide the accreditation for the Postgraduate Certificate of Educatlon for GITEP
trainees.
The Charlty continues to guarantee arKI support the delivery of Ihe trainee enlitlement. This supports trainee
progresslon and provides career development opportuniti8s for school-based staff who fulfll mentor and
professional lead roles or are seconded as programme or subject lead8rs. In 2023124 660/0 of tralnees gained
employment either In Gloucestershire or in one of the GITEP partner schools in olher counties.
The Charity was pleased to use its reserves to support access and hardship payments for those trainees nol in
receipt of a bursary.
The Charlty cOn￿nUed to provide vlsualisers lo trainees to enable them to teach and access tralning remotely
and provided funds to buy key texts for trainees.
GASH Ltd holds a contract with DfE to deliver subject knowledge enhancement ISKE) courses to those
Inlendlng to train to teach, In partnership with Vldleam. In 2023124, courses were delSvered in English,
malhemalics, physics, chemlstry, blology, French, Spanlsh. religious educats'on and computlng. These courses
supported trainees with GITEP and with several other teacher training providers, mainly in the South-west.
CPD
Through Adfecto, a trading name. GASH Ltd has continued lo offer professional development opportunltles for
schools. In particular. it has worked in partnership with the two teaching school hubs in Gloucestershire,
Sclence Learnlng Partnershlp
The contract with STEM Leaming was extended until August 2024. The contract sat with Pate's Gramm8r
School and Adfecto worked in partnership to deliver professional development for science teachers and
technicians across Gloucestershire, Swindon and Willshire. The Pate'slAdfecto partnership has also had
responsibility for th8 Bristol Science Learning Partnership.
Adf8Cto's contract, starting in April 2022, as Regional Coordinator for all the Science Leaming Partnershlps In
th8 South-west and West Midlands was extended until August 2024.
In April 2024 the DfE announced it would cease to fund science learning partnerships when the existing
contracts ond in August 2024. This was disappoints'ng news. as Adfecto has been involved with scienc8
18arning partnerships since 2013.
P8g8 3

GLOUCESTERSHIRE ASSOCIATION OF SECONDARY HEADTEACHERS LIMITED
(A Company Llmlted by Guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Achlevements and perfomiance (continued)
Cornpuling Hub
Pate's Grammar School, worklng in partnership wilh Adfecto, leads the Computing Hub for Glouceslarshire,
Wiltshir8 and North Somerset. The original contract, first deslgnated in 2019, was exlended in April 2023.
In Aprll 2023, Pate's and Adfecto were also asked to take on an additional contract to lead the Computlng Hub
for the West Midlands.
In January 2025, noticed was received that the Computing Hub Contracts would cease as al the 31 March
2025..
Early Career Framework
The Charily, using the TeachGlos branding. was pleased to work wilh the iwo teaching school hubs. Balcarras
Sohool and Pate's Grammar School. to deliver the Early Career Teacher programme for Gloucestershire. Over
400 teachers participated in the programme in 2023124, with TeachGlos taking responsibilily for organising the
training sessions. The support ol TeachGlos was invaluable in enabling Ihe programme to run effectively.
School Buslness Leaders
Adfecto is part of the SBM Partnershlp, along with Serco. These programmes continued, now mostly onllne,
throughout 2023124 and continue to provide imporlant Iralnlng and development for school buslness leaders
across the Gountry.
AGcommodatlon
After 7 years at the M8isemore site the d8clsion was made to move to a school slte, both as a cost saving
measure and to make teacher training and development more effective. The move was finally completed in
August 2024. The business will now be split be￿een Iwo sites: Cheltenham Boumslde School. which will
house the initial teacher training. school businèss manager and finance teams, and Pate'5 Grammar School,
which will house the STEM leam.
The company address will become Pate's Grammar School.
Page 4

GLOUCESTERSHIRE ASSOCIATION OF SECONDARY HEADTEACHERS LIMITED
(A Company Limlted by Guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Achievements and performance (contlnued)
b. Key performance indlcators
Initial Teacher Training
Recruitment to teacher training remained challenging in 2023124 but there was a s5gniflcant increase In the
number of trainees recruited lo start the 2024125 cours6.
Sclence Learning Partnership
The SLP exceeded its larget numbers for particlpants and school engagement across both contracts and met
all key perforrnance indicators.
Compuling Hub
The Computing Hub hil most of its KPIS durlng the year.
School buslness leader programmes
Many of these programmes were already onllne. Numbers continued lo be strong with over 300 partlcipanls
over the year.
c. Revlew of actlvllles
The main activities in the year under revlew were:
Initlal teachor tralnlng
Continued professional development {CPD)
School business leader tralning programmes
Flnanclal revlew
. Golng concern
After making appropriate enquiries, the Trustees have a reasonable expectalion that the Company has
adequat8 resources to Continue in operalional existence for the foreseeable future. For Ihis reason, they
continue to adopt the going concern basis in preparing the financial stat8ments. Further details regarding the
adoption of the going Concem basis can be found in Ihe accounting policies.
Page 5

GLOUCESTERSHIRE ASSOCIATION OF SECONDARY HEADTEACHERS LIMITED
(A Company Limited by Guarantèe)
TRUSTEES, REPORT (CONTINUED
FOR THE YEAR ENDED 31 AUGUST 2024
Achlevements and performance (Gontinuedl
As at 31 August 2024. total reserves were {£1.003,632 TBC) (2023 £1,065,616). The reserve is unreslricted
and for use at the discretion of the Trustees to fulfil Ihe Charitvs objeclives.
The Charity aims to hold £500,000 of funds in reserve at the end of the financial year to meet all employment
costs, including redundancies, and other business dosure costs.
The Charity aims to use the surplus to provide free courses and support for schools and teacher training in Ilne
wlth their charitable aims.
Princlpal rlsks and uncertalntles
The board have from time to time dlscussed and assessed the major risk5 lo which the Charlty Is exposed and
considered safeguards that have been and can be implemented to mitlgate those risks. In accordance wlth the
Statement of Recommended Practlce for Charilies the TTUStees review and update the formal risk assessment
annually.
Page 6

GLOUCESTERSHIRE ASSOCIATION OF SECONDARY HEADTEACHERS LIMrrED
(A Company Llmlted by Guarantee>
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Structure, governance and management
Constitutlon
Gloucestershlre Association of Secondary Headteachers Limited is registered as a charitable company limiled
by guarantee and was sel up by a Trust deed.
b. Methods of appolntment or electlon of Trustee
The managernent of the Company Is the responsibility of the Trustees who are elected and co opted under the
terms of the Trust deed.
c. Organlsational structure and dec5slon maklng policies
As GIouc8Stershire Association of Secondary Headteachers Limlted was establSshed for th8 benefit of
secondary schools wlthln Gloucestershire and in accordance with the Artlcles of Association, all members of the
Gloucestershlre Associallon of Secondary H&adteachers are entitled lo become members of the Charity. In
October 2022, the Association changed its name to Gloucestershire Association of Secondary School Leaders.
The Charity has not changed Its legal name.
d. Policies adopted for the Inductlon and tralning of Trustees
The Trustee8 are appointed either at the Charitys AGM, under the recommendatlon of the majorlty of members,
or in year by the Board. Trustees appointed by the Board retain office until the next AGM when they become
eligible for re election,
In order to ensure the maintenance of the Chariws objectives, the board must have a minimum of 3 members.
The board had 6 headteacher members In 2023124, consisting of:
M Morgan (Chair- resigned 31 August 2024)
W Morgan
D Burke
G Jeremiah {Chair from 01 Séptember 2024)
H Wood
J Richardson
M Morgan resigned as a trustee with effect from August 312024.
The Trustees of Gloucestershire Association of Secondary Headteachèrs Limited may delegat8 certain
authorities to specific Trustees or other persons as Is felt necessary. In thè period, such delegated authority was
glven to T Connole (Chief Executive ex officio).
When appointing nèwly elected Trustees. Gloucestershlre Association of Secondary Headteachers Limited has
a policy of induction which includes ensuring that they are fully aware of their responsibilities in rel8llon to both
Companies Hous9 and Charitles Commission guidance and the Charitys oblectives.
Page 7

GLOUCESTERSHIRE ASSOCIATION OF SECONDARY HEADTEACHERS LIMrrED
IA Company Umlted by Guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Plans for future periods
GASH Ltd will continue to develop its work in Initial teacher training. Through Adfgcto and TeachGlos It will
continue to provide and develop CPD courses for serving teachers, especially Early Career Teachers,
During 2024125 we plan to:
Support GITEP SCITT in developing new courses in psychology, buslness and primary.
Provide financial support for trainee leachers through an access fund
Reinstate a paid internship scheme for people interested in teaching
Deliver two new contracts.. Stimulating Physics Network {wlth STEM Learning} and Green Futures (with
STEM Learning and the Wesl of England Combined Aulhorily)
Further develop the partnershlp with Ihe teaching school hubs in Gloucestershire
Statement of Trustee's responslbilltles
The Trustees {who are also the directors of the Company for the purposes of company law) are responsible for
preparing the Trustees, Report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (Uniled Kingdom Generally Accepted Accounling Practlce).
Company18w requires the Trustees to prepare financial statements for each financial year. Under company law,
the Trusteos must not approve the financial statements unless they are satisfied that they give a true and fair
view of the slate of affairs of the Company and of its incoming resources and application of resources, Including
its income and expenditure. for that period. In preparing these financial statements, the Trustees are requlred
to:
select suitoble accountlng policies arKI then apply them consistently,
observe the methods and principles of the Charfties SORP (FRS 102);
make judgements and accounling estimat8S thal are reasonable and prudent,,
slate whether applicable UK Accounting Standards IFRS 102) have been followed, sublect to any
material departures disclosed and explained in the financial statements,,
prepare the financial statements on the going concem basis unless it Is Inappropriate to presume that the
Company will continue in business.
The Trustees aTe responsible for keeping adèquate accounting records that are sufficient to show and explain
the Companls transactions and disclose vAth reasonable accuracy at any time the financial position of the
Company and enable them to ensure that the financial ststements comply wlth the Companies Act 2006. They
are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the
prevention and detection of fraud and other irrogulartties.
Approved by order of the members of the board of Trustees on 20 January 2025 and signed on thelr behalf by..
G Jeremlah
Page 8

GLOUCESTERSHIRE ASSOCIATION OF SECONDARY HEADTEACHERS LIMITED
IA Company Limited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF GLOUCESTERSHIRE ASSOCIATION OF
SECONDARY HEADTEACHERS LIMITED
Opinlon
We have audited the financial statements of Gloucestershlre Associatlon of Secondary Headteachers Llmit@d
(the 'charitable companv) for the year ended 31 August 2024 which comprise the Statement of Financlal
Activltles. the Balance Sheet, the Statement of Cash Flows and the related notes. includSng a summary of
significant accounting policies. The financial reporting framework that has been applied In their preparation Is
appllcabl8 law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 'The
Financial Reporting Standard appllcable in the UK and Republic of Ireland, (Uniled Kingdom Generally Accepted
Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the charitable companvs affairs as at 31 August 2024 and of its
incoming resources and applicauon of resources, including its income and expenditure for the year then
ended;
have been properly prepared in accordance with Unit8d Kingdom Generally Accepted Accounting
Practice., and
have been prepared In accordance with the requlrements of the Charities Act 2011.
Basls for oplnlon
We conducted our audit in accordance with International Slandards on Auditing (UK) (ISAS {UK}) and applicable
law. Our responsibilities under those standards are further described in the Auditors, responslbllltles for the audlt
of the financial statemenls section of our report. We are independent of th8 charltable company in accordance
wlth the ethic21 requlrements that are relevant to our audit of the financial statements In the United Kingdom,
including the Financial Reporting Councll's Ethical Standard, and we have fijlfllled our other ethical
responsibilities in accordance wilh these requlrements. We believe thal Ihe audit evldence we have obtained is
SLfficient and appropriate to provide a basis for our opinion.
Concluslons r•latlng to golng concem
In auditing th8 financial statements, we have conduded that the Trustees, use of Ihe going concem basls of
accounting in tha preparation of the financial statemenls is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, Individually or collectively, may cast significant doubt on Ihe charitable company's ability to
conts'nue as a going concern for a period of at least ￿e1ve months from when the financial slatements are
authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concem are described in the
relevant sections of this report.
Page 9

GLOUCESTERSHIRE ASSOCIATION OF SECONDARY HEADTEACHERS LIMITED
IA Company Limited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF GLOUCESTERSHIRE ASSOCIATION OF
SECONDARY HEADTEACHERS LIMITED {CONTINUED)
other informatlon
The other infomialion comprises the information included in the Annual Report other than the financlal
slalernents and our Auditors, Report thereon. The Truslees are responsible for the olher information contained
wllhin Ihe Annual Report. Our opinion on the financial slatemenls does nol cover the other information and,
axcepl to the extent otherwise explicitly stated in our report. we do not express any form of assurance
conclusion thereon. Our responsibility is to read the other inforrnation and, in doing so, consider whether the
other Infortnation is materially inconsistent wth the financial slatemenls or our knowledge obtained in the course
of the audit, or otherwise appears to be materially misstated. If we identify such malerial inconslstgncies or
apparent material misstatements, we are required lo determine whether this gives rise to a material
misstatement in the financial statements themselves. If. based on the work we have performed, we conclude
that there is a malerlal misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on whlch we are required to report by exception
We have nothlng to report in respect of the follow5ng matters where the Charilies (Accounts and Reports)
Regulations 2008 requires us to report to you if. in our opinion-
the information given In the Trustees, Report is inconsSstent in any malerlal respect wSth the financial
stalemenls., or
sufflclent accounting records have not been kept,. or
the flnancial statements are not in agreement with the accounting records and returns., or
we have not recelved all the infom)ation and explanations we requlre for our audll.
Respon8ibilltles ol trustees
As explained more fully in th6 Trustees, Responslbilities Statement. the Trustees (who are also the directors of
the charitable company for th8 purposes of company law) are responsible for the preparation of th8 financial
statements and for being satisfied Ihat they give a true and fair view, and for such inlemal control as the
Truslees determine is necessary to enable the preparation of financial statements thal are frea from material
mlsstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees ats responsible for assessing the charitsblo companvs
ability to contlnue as a going concern, disclosing, as applic8ble. matters related to going concern and using the
going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to
cease operations, or have no realistic alternative bul to do so.
Page10

GLOUCESTERSHIRE ASSOCIATION OF SECONDARY HEADTEACHERS LIMITED
(A Company Limited by Guarantee)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF GLOUCESTERSHIRE ASSOCIATION OF
SECONDARY HEADTEACHERS LIMITED (CONTINUED)
Auditors, responslbilities for the audit of the financial statements
We have been appointed as audilor under section 145 of the Charities Act 2011 and report in accordance with
the Act and relevant regulations made or having effect thereunder.
Our objectlves are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misslatem8nt, whether due to fraud or error, and to issue an Audltors, Report thal includes our
opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in
accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of Ihese financSal Statements.
Irregularities, including fraud, are inslances of non-compliance with laws and regulations. We design
procedures in Ilne with our responsibilities, outlined above, to detect material mi551atements in respect of
irregularities, including fraud. The extent to which our procedures are capable of detecting Irregularities,
including fraud is detalled below..
Our audit planning process gave consideralion to the risk of material misstatement in the financial statements,
using the calculated materialSty level which itself factored in the nature of the associatlon's operations and the
Interpreted levels of inherent and control risk.
In assessing the rlsk of fraud we reviewed managernent's own assessment of potential for fraud within the entity
and reviewed judgements made by management to identify possible bias. In addition to any opportunity and
Incentive for fraud that are in inherent In Ihe nature of the association's operatlons.
Our detailed testlng Included revlew of accounting estlmales and judgements and validation of prlme ledger
entries.
We confimied our knowledge of the legal and regulatory environment of the entity through discussions with
management. VV6 analysed all informatlon available to us in respect of relevant laws and regulations, including
the Companies Act 2006, Charities SORP, and relevant UK lax legislation and enquired with management as to
any possible breaches in the aforementioned.
We agr8ed the accuracy of the financial slatements to the supporting management infomiation provided by the
client and tested individually on a sample basis the Income and 8xp8nditure in the financial statements to
consider the business rationale behind the transactions and the accuracy of the financial records.
Our audit testing did not identlfy any issues in respect of the matters listed above, including fraud,
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reportlng Council's website at: www.frc.or
.uklauditorsres
nsibilities. This description forms part of our
Auditors, Report.
Use of our report
Thls report is made solely to th8 charitable companys trustees, as a body, in accordance wilh Part 4 of the
Charities (Accounts and Reports) Regulations 2008. Our audil work has been undertaken so that we might state
to the charitable companys trustees those matters we are required to state to them In an Auditors, Report and
for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to
anyon8 Other than the charitable company and its members. as a body, for our audit work, for this report, or for
the opinions we have formed.
Page11

GLOUCESTERSHIRE ASSOCIATION OF SECONDARY HEADTEACHERS LIMITED 

(A Company Limited by Guarantee) 

SSSa INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF GLOUCESTERSHIRE ASSOCIATION OF SECONDARY HEADTEACHERS LIMITED (CONTINUED) 

Ryan Moore (Senior Statutory Auditor) 

Randall & Payne LLP 

Statutory Auditors Shurdington Road Cheltenham Gloucestershire 

GL51 4GA 

20 January 2025 Randall & Payne LLP are eligible to act as auditors in terms of section 1212 of the Companies Act 2006. 

Page 12 



GLOUCESTERSHIRE ASSOCIATION OF SECONDARY HEADTEACHERS LIMITED
(A Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 AUGUST 2024
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Charitable activities
Investments
875,482
34,336
875,482
34,336
886, 537
21,025
Total Income
909.818
909,818
907, 562
Expendlture on:
Charitable contribullons
Charitable activities
64,600
906,738
64.600
906,738
75,046
894, 805
Total expenditure
971,338
971.338
969, 851
Net movement In funds
(61.520)
(61.520)
(62, 289)
Reconclllatlon of funds:
Total funds brought forward
Net movement In funds
1,065,616
(61,520
1,065,616
161,520)
1,127,905
(62,289)
Total lunds carrled forward
1,004,096
1,004,096
1,065,616
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 17 to 31 form part of Ihese financial siatements.
Page 13

GLOUCESTERSHIRE ASSOCIATION OF SECONDARY HEADTEACHERS LIMITED
(A Company Llmited by Guaranlee)
REGISTERED NUMBER= 02876158
BALANCE SHEET
AS AT 31 AUGUST 2024
2024
2923
Note
Flxed assets
Tanglb18 assets
2.072
7,588
2,072
1,588
Current assets
Deblors
Cash at bank and in hand
10
187,539
979,307
19q,486
939.609
1,166,846
1, 13q,095
Creditors.. amounts falling due within one
year
11
(164.822>
(67,067)
Net currenl assets
1,002,024
1,064, 028
Total assets less current Ilabllltles
1,004,096
1,065,616
Net assets excludlng penslon asset
1,004,096
1,065,616
Total net assets
1,004,096
1,065,616
Charlty funds
Restricted funds
Unrestrlcted funds
13
13
1,004,096
1,065,616
Total funds
1,004.096
1,065,616
The entity was entitled to exemption from audit under seclion 477 of the Companies Act 2006.
The members have not required the enlity to obtain an audit for the year in question in accordance wlth section
476 of the Companies Act 2006.
However, an audit is required in accordance with section 145 of the Charities Act 2011.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounling records and preparation of financial statements.
The finsncial statements have been prepared in accordan￿ with the provisions applicable to entities subjgct to
the sm811 companies regime.
The financlal statements were approved and authorised for issue by the Trustees on 20 January 2025 and
signed on their behalf by.
Page14

GLOUCESTERSHIRE ASSOCIATION OF SECONDARY HEADTEACHERS LIMITED
(A Company Limited by Guarantee)
REGISTERED NUMBER: 02876158
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024
G Jeremlah
The notes on pages 17 to 31 form part of these financial statements.
Page15

GLOUCESTERSHIRE ASSOCIATION OF SECONDARY HEADTEACHERS LIMITED
(A Company Limited by Guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
Cash flows from operatlng activities
Net cash used in operaling activities
8,918
(210, 774)
Cash flows from invesllng activities
Dividends, interests and rents from investments
Purchase of tangible fixed assets
34,336
(3,556)
21,025
Net cash provided by Investing activlties
30,780
21,025
Cash flows from financlng activitles
Net cash provlded by financlng activities
Change In cash and cash equlvalents Sn the year
Cash and cash equivalents at the beginning of the year
39,698
(189,749)
1, 129,358
939,609
Cash and cash equlvalents at the end of the year
979,307
939,609
The notes on pages 17 to 31 form part of these financial statements
Page16

GLOUCESTERSHIRE ASSOCIATION OF SECONDARY HEADTEACHERS LIMITED
(A Cornpany LimSted by Guarantee
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
General Informatlon
Gloucestershire Association of Secondary Headteachers Limited ("th8 Charity") is a registered charlty
and company limiled by gu2rentee, incorporated In England and Wales. It is govemed by Its
Memorandum and Articles of Association.
The guarante8 of each member is limited to £1. The company was granted charitable status on 3 June
2013.
Accounting policles
2.1 Basls of preparatlon of financlal slatements
The financlal statements have been prepared in accordance wlth the Charities SORP (FRS 102)
Accounting and Reporting by Charities: Slaternenl of Recommended Practice applicable to charilles
preparfng their accounls in accordance wlth the Financial R8POrting Standard applicable in the UK
and Republic of Ireland {FRS 102) (effective 1 January 2019), the Financial Reportlng Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Gloucestershire Association of Secondary Headteachers Llmited meets th8 definition of a public
benefit entity under FRS 102. Assets and liabilities are initially recognSsed at hlstorical cost or
transaction value unless otheNise stated in the relevant accounting policy.
2.2 Golng concern
The Trustees assess whether the use of going concern is appropriate i.e. whether Ihere are any
malerlal uncertaintles related to events or conditions that may cast slgnificant doubt on the ability of
the association to continue as a going concern. The Trustees make thls assessment in respect of a
perDd of al least one year from the date of authorisation for issue of the financial staternents and
h8vè concluded that the associats'on has adequate resources to continue in operational exlstence for
thé foreseeable future and there are no material uncertainties about the associallon's ability to
continue as a going concern, thus they contlnue to adopl the going concem basis of accounling in
preparing the fin8nclal statements.
2.3 Income
All income is recognised once Ihe Company has entitlement to the income, it is probable that the
income will be received and the amount of incom8 re￿1vable can b& measured rellably.
Income tax recoverable in relatSon to invèstment income is recognised at the tlme the investment
income Ss receivable.
2.4 Expenditure
Page 17

GLOUCESTERSHIRE ASSOCIATION OF SECONDARY HEADTEACHERS LIMITED
(A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accountlng policies (contlnued)
Expenditure is recognised once there is a legal or construclive obligation lo transfer economic
benefit to a third party, it is probable thal a transfer of economic benefits will be requir6d In
settlement and the amount of the obligation can be measured reliably. Expendlture is classlfied by
aclivity. The costs of each activity are made up of the total of direct costs and shared costs,
including support costs involved in undertaking each activity. Direct costs attribuiable to a single
activity are allocated direcily to that activity. Shared costs which contrlbute to more than one aclivily
and support costs which are not attributable to a slngle activity are apportioned between those
activities on a basis consistent with the use of resources. Central staff costs are allocated on the
basis of time spent, and deprociation charges allocated on the portion of the asset's use.
Expenditure on raising funds includes all expenditure incurred by the Company to raise funds for Its
charitable purposes and includes costs of all fundraislng activities events and non-charitable trading.
Expenditure on charitable activities Is incurred on directly undertaking the activities which further the
Companls objectives, as well as any associated support costs.
All expenditure is inclusive of Irrecoverable VAT.
2.5 Inlerest recelvable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the Company. this is normally upon nots'ficatlon of the inlerest pald or payable by the
instltution wllh whom the funds are deposited.
2.6 Tangible flxed assets and depreclatlon
Tanglble fixed assets costlng £500 or more are capitalised and recognised when future 8conomlc
benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are Initially recognised al cost. After recognition, under the cost model,
tanglble fixed assets are measured at cost less accumulated depreciation and any accumulated
impairmer)t losses. All costs incurred to bring a langible fixed asset into its int8nded working
condition should be included in thè measurement of cost.
Depreciation is charged so as to allocate the cost of tsngible fixed assets less their residual value
over their estimated useful lives,
Depreciatlon is providèd on the folbwing bases:
Fixtures and fittings
Office equipmént
Computer equlpment
4 years straighl line
4 years straight line
4 years slraight line
2.7 Debtors
Trade and other (Jebtors are recognised at Ihe settlement amount after any trade discount offered.
PrepayThents are valued at the amount prepaid net of any trade discounts due.
Page 18

GLOUCESTERSHIRE ASSOCIATION OF SECONDARY HEADTEACHERS LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounllng pollcies (continued)
2.8 Cash at bank and In hand
Cash at bank and in hand includes cash and short-temi highly liquid investments wlth a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.
2.9 Liabilltles and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a pasl
event, il is probable that a transfer of economic benefit will be required in Settlement, and the
amounl of the settlement can be estimated reliably.
Liabilities are recognised al the amount that the Company anticipates it will pay lo settle the debt or
the amount it has received as advanced payments for the goods or services it must provide.
Provislons are measured at the best estimale of the amounts required to settle the obllgation. Where
the effect of the time value of money is malerial, the provision is based on the pre58nt value of those
amounts, discounted at the pre-tax discount rate that reflects the risks speciflc lo the liability. The
unwindlng of the discount is recognised in the Statement of Financial Activitlgs as a finance cost.
2.10 Flnancial instruments
The Company only has financial assets and flnandal Ilabillties of a kind that qualify as baslc flnancial
Instruments. Basic financial Instruments are initialty recognised at transactSon value and
subsequenuy measured al their settlement value with the exc8Ption of bank loans whlch are
subsequenuy measured at amortised cost using the effective interest method.
2.11 Operatlng leases
Rentals paid under operating leases are charged to the Statem8nt of Financlal Actlvities on a
straight-llne basis over the lease term.
2.12 Fund accountlng
General ftjnds 8re unrestricted funds which are available for use al Ihe discretion of the Truste88 in
furtherance of the general objeclives of th8 Company and which have not been designated for other
purposes.
Investment income, gains and losses arè allocat8d to the appropriate fund.
Page 19

GLOUCESTERSHIRE ASSOCIATION OF SECONDARY HEADTEACHERS LIMITED
(A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Income from charitable activities
Unrestrlcted
funds
2024
Total
funds
2024
Training courses and conferences
Other income
875,002
480
875,002
480
875.482
875,482
Unrestricted
lunds
2023
Tolal
funds
2023
Tralning courses and conferences
Olher Income
885, 637
900
885,637
900
886,537
886, 537
Investment Income
Unrestricted
funds
2024
Total
funds
2024
Investment incomè - Interest on temi deposits
34,336
34,336
Unrestricted
funds
2023
Total
funds
2023
Investment income - Interest on term deposits
27,025
21,025
Page 20

GLOUCESTERSHIRE ASSOCIATION OF SECONDARY HEADTEACHERS LIMITED
(A Cornpany Llmlled by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Analysis of expenditure on charltable activltles
Summary by fund type
Unrestricted
funds
2024
Total
2024
Staff and facilitator costs
Bank charges
Conference costs
Consultancy and contraclors
Renl and rates
Depreclatlon charges
Computer and IT costs
Insurances
Printing, stationary and office consumables
Repairs. renewals and other premises costs
Marketing and Advertising
Audlt, accountancy and other fees
547,879
133
32,898
229,823
35,915
757
22,074
6,326
7,209
10,645
4,726
8,353
$47,879
133
32,898
229,823
35,915
757
22,074
6.326
7,209
10,645
4,726
8,353
906,738
906,738
Page 21

GLOUCESTERSHIRE ASSOCIATION OF SECONDARY HEADTEACHERS LIMITED
IA Cornpany Limlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Analysis of expendSture on charitable activities (continued)
Summary by fund type (Continued)
Unrestricted
funds
2023
Total
2023
Staff and facilitator costs
Bank charges
Conference costs
Consultsncy and contractors
Rent and rates
Depreclation charges
Computer and IT cosls
Insurances
Prlnling, ststionary and office consumables
Repairs, renewals and other premises costs
Marketing and Advertising
Audlt, accountancy and other fees
578, 739
64
T5,967
19q,263
51,120
2,690
20,683
5,516
8, 150
3, 183
9.450
7,980
518,739
64
75,967
791,263
51,120
2,690
20,683
5,516
8,150
3,183
9,450
7,980
894,805
894,805
Page 22

GLOUCESTERSHIRE ASSOCIATION OF SECONDARY HEADTEACHERS LIMITED
(A Company Limlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Analysis of expendlture by actlvlties
Activltles
undertaken
directly
2024
Support
costs
Total
funds
2024
2024
Staff and facllitator costs
Bank charges
Conference costs
Consultancy and contractors
Rent and rates
Depreciation charges
Computer 8nd IT costs
Insurances
Printing, stationary and office consurnables
Repairs, renewals and other pr8mises costs
Marketing and Advertising
Audit, accountancy and other fees
547,879
133
32,898
229,823
35,915
757
22,074
6.326
7,209
10.645
4,726
S47,879
133
32,898
229,823
35.915
757
22,074
6,326
7,209
10,645
4.726
8,353
8,353
898,385
8,353
906,738
Page 23

GLOUCESTERSHIRE ASSOCIATION OF SECONDARY HEADTEACHERS LIMITED
(A Cornpany LimSted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Analysis of expenditure by activities (continued>
Aclivilies
undertaken
directly
2023
Support
costs
2023
Tolal
funds
2023
Staff and facilitator costs
Bank charges
Conference costs
Consultancy and contractors
Rent and rates
Depreciation charges
Compuler and IT costs
Insuran¢es
Printing, stationary and office cor)sumables
Repairs, renewals and other premlses costs
Marketing and Advertising
Audlt, accountancy and other fees
518,739
64
75,967
191,263
51, 120
2, 690
20,683
5,516
8,15Q
3, 183
9,45Q
518,739
64
75,967
191,263
51,720
2,690
20,683
5,576
8, 150
3, 183
9,450
7, 980
7,980
886,825
7,980
894, 805
Audltors, remuneratlon
2024
2023
Fees payable to the Compang5 auditor for the audit of the Companls
annual accounts
5.400
6,300
Fees payable to the Companls auditor In respect of:
All non-audit services not included above
1,500
1,680
Trustees. remuneratlon and expenses
During the year, no Trustees recèived any remuneration or other benefits (2023 - £NIL).
During the year ended 31 August 2024. expenses totalling £nil were reimbursed or paid directly to
Trustee (2023 - £NIL to Tnjstee). The expenses were in relation to conference and travel costs.
Page 24

GLOUCESTERSHIRE ASSOCIATION OF SECONDARY HEADTEACHERS LIMITED
(A Company Limiled by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Tanglble fSxed assets
Fixlures and
flttlngs
Office
equipment
Computer
equlpment
Total
Cost or valuallon
At 1 September 2023
Additions
11.003
11,439
19.837
3,5S6
42,279
3,556
At 31 August 2024
11,003
11,439
23,393
45,835
Dopr•¢latlon
At 1 September 2023
Charge for Ihe year
11.003
11,439
18,249
3,072
40,691
3,072
At 31 August 2024
11,003
11,439
21,321
43,763
Net book value
At 31 August 2024
2,072
2,072
At 31 August 2023
1,588
1,588
10. Debtors
2024
2Q23
Due wlthln one year
Trade debtors
Prepayments and accrued income
72,760
114.779
186, 774
4,712
187,539
q91,486
11. Credltors: Amounts falling due within one year
2024
2023
Trade creditors
Accruals and d8farr8d income
41,683
123,139
34,997
32,070
P8ge 25

GLOUCESTERSHIRE ASSOCIATION OF SECONDARY HEADTEACHERS LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
11. Creditors: Amounts falling due within one year (continued)
2024
2023
164,822
67,067
2024
2023
Deferred income al 1 September 2023
Resources deferred during the year
Amounts released from previous periods
6,380
81,346
(6,380)
6,380
81,346
6,380
Deferred income relates to incorne received for courses not yet provided.
12. Flnanclal instruments
2024
2023
Flnanclal assets
Financial assets measured at fair value through income and expenditure
979,307
939,609
2024
2023
Flnanclal Ilabllltles
Other financial liabilities measured at amortised cost
164,822
67,067
Financial assets measured at fair value through income and expenditure comprisa cash at bank 8nd on
hand.
other financial liabilities measured at amortised cost compnse of current liabilities.
Pago 26

GLOUCESTERSHIRE ASSOCIATION OF SECONDARY HEADTEACHERS LIMITED
(A Company Limlled by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
13. Statement of funds
statement of funds - current year
Balance at 1
September
2023
Balance at
31 August
2024
Income Expenditure
Unrestricted funds
Reserves
1.065,616
909,818
{971,338>
1,004,096
Page 27

GLOUCESTERSHIRE ASSOCIATION OF SECONDARY HEADTEACHERS LIMITED
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
13. Statement of funds (continued
statement of funds - prior year
BalanG8 at
I Septembor
2022
Balance at
31 August
2023
Income Expenditure
Unrestrlcted funds
Reserves
1,127,905
907,562
(969,857)
1,065,616
14,
Summary of funds
Summary of funds - current year
Balance at 1
September
2023
Balance at
31 August
2024
Income Expendllur•
General funds
1,065,616
909,818
(971,338) 1,004,096
Summary of funds - prlor year
Balance at
I September
2022
Balance al
31 Augus¢
2023
Income Expenditure
General funds
1, 127,905
907, 562
(969, 851)
1,065,616
Page 28

GLOUCESTERSHIRE ASSOCIATION OF SECONDARY HEADTEACHERS LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
15. Analysis of net assets between funds
Analysis of net assets between funds - current period
Unrestricled
funds
2024
Total
funds
2024
Tangible fixed assets
Current assets
Creditors due within one year
Difference
2,072
1,054,114
(52,090)
2,072
1,054,115
(52,090)
Total
1,004,096
1,004,096
Analysls of net assets between fund5 - prior period
Endowment Unrestricted
funds
funds
2023
2023
Total
funds
2023
Tanglble flxed assets
Current assets
Credltors due withln one year
1,588
1,131,095
(67,06T)
1,588
1,131,095
(67,067)
Total
1,065,616
1,065,616
Page 29

GLOUCESTERSHIRE ASSOCIATION OF SECONDARY HEADTEACHERS LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
16. ReGoncillatlon of net movement In funds to net cash flow from operating activlties
2024
2023
Net expenditure for the perlod (as per Statement of Financial Aclivities)
(61,520)
(62,289)
Adjustments for:
Depreciation charges
Dividends, interesls and rents from investments
Oecreasel(increase) in debtors
Increasel{decrease) In creditors
3,072
{34,336)
3,947
97,755
2,690
(27,025)
(96, 188)
(33,962)
Net car•h provlded byl(used In) operaling actlvities
8,918
(210,774)
17. Analysis of cash and cash equlvalents
2024
2023
C8sh In hand
Notice d8posits (less than 3 mor)Ihs)
3,226
976,081
928,696
10,913
Total cash and cash equlvalents
979,307
939,609
18. Analysls of changes In net debt
September
At31
2023 Cash flows August 2024
Cash at bank and in hand
939.609
39,698
979,307
939,609
39,698
979,307
Page 30

GLOUCESTERSHIRE ASSOCIATION OF SECONDARY HEADTEACHERS LIMITED
(A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
19. Operatlng lease Gommitments
At 31 August 2024 the Company had commilments to make future minimum lease payments under non-
cancellable operating leases as follows-
2024
2023
Not later than 1 year
25,870
20. Related party transactions
During the year expendilure of £8,839 {2023- £7,604) was incurred by GITEP (Gloucestershlre Initial
Teacher Education Partnership) in relation to staff costs, an entity primarily controlled by Gloucestershire
Association of Secondary Headleachers Limited Trustees. This expenditure was recharged to Adfecto in
full. Overheads are also recharged lo GITEP to cover costs incurred by GASH on thelr behalf. Overheads
and University of Bristol fees during the year totalled £15,750 {2023= £267,565.02>. At the year end
Gloucestershlre Association of Secondary Headleachers Limited has a balance owing lo GITEP of £672
(2023.. £647) and a balance owing from GITEP of £3,359 {2023.. £102,898).
During the year, total income was received of £416,033 (2023: £420,385) from Pates Grammar Schix)l.
At the year end, a debtor balance of £nil 12023- £80,395) was due. During the year there was also
consultancy fees and other expenditure incurred, totalling of £84,102 {2023 £64,218). No credltor balance
was owlng at the year end.
During the year, total Income of £33.773 (2023: £40,966) was received form Balcarras School Trust;
expenditure of £5,303 (2023.. £3,815) was incurred and paid to Balca￿aS.
During the year staff costs of £217.314 (2023 £221,156) were recharged from St Pelèr's Catholic High
School & Sixth Form Centre. At the year4nd a balancg of £14,52012023: £nil) was owing to St Peter's
Catholic High School.
Page 31