Trustees’ Annual Report for the period
From 01/01/2020 Period start date To 31/12/2020 Period end date Charity name: READ ACADEMY EDUCATION
Charity registration number: 1156203
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | Primary and Secondary School Education |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
Primary and Secondary School Education |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | All trustees have regard to the guidance issued by the Charity Commission o n public benefit and have ensured it is enforced by providing an setting to benefit the public. |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other
Achievements and Performance
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SORP reference
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| Achievements and Performance | Achievements and Performance | Achievements and Performance |
|---|---|---|
| SORP reference | ||
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | Ofsted Report graded GOOD. Effectiveness of leadership and management, Quality of teaching, learning and assessment Personal development, behaviour and welfare Outcomes for pupils, Early years provision: ALL RATED GOOD. |
Additional information (optional) You may choose to include further statements where relevant about:
| Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
|---|---|---|
| Achievements against objectives set |
Para 1.41 | |
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | Reserves are held to enable the School to function |
| Amount of reserves held | Para 1.22 | n/a |
| Reasons for holding zero reserves |
Para 1.22 | n/a |
| Details of fund materially in deficit |
Para 1.24 | n/a |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | None |
| Additional information (optional) You may choose to include further statements |
Additional information (optional) You may choose to include further statements |
where relevant about: |
|---|---|---|
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | Students Fees |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Articles of association |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Company. The company number registered with Companies House is 08813632 |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Elected by Trustees |
Additional information (optional) You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
|---|---|---|
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
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Charity name Read Academy Education
Other name the charity uses N/A
Registered charity number 1156203
Charity’s principal address 98 Park Avenue
Barking
Essex
IG118QX
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Names of the charity trustees who manage the charity
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Name of person (or
Dates acted if not for whole body) entitled to
Trustee name Office (if any)
year appoint trustee (if
any)
GULAM ABBAS
1
HUSSAIN
AMRAN HUSSAIN
2
RUHEL
3 IHSAAN AHMAD RAFIQ
4 SAMI SHAIKH
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
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– Corporate trustees names of the directors at the date the report was approved
Director name NA
Name of trustees holding title to property belonging to the charity
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Trustee name Dates acted if not for whole year
NA
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Funds held as custodian trustees on behalf of others
Description of the assets NA held in this capacity Name and objects of the NA charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for NA safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
NA
Other optional information
NA
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s) Gulam Abbas Hussain Position (eg Secretary, Chair Chair, etc) Date 30/12/2021
| Turnove「 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Cost of saies | |||||||||
| Gross profit | 665,835 | 5 4 993 |
2 | ||||||
| Dist「ibution costs | |||||||||
| Administ「ative expenses Othe「 ope「ating income Operating profit/(ioss) |
- ‥ ‖ ○ ○ い い |
い い ○ い り - 8 - 7 4 1 . 4 1 0 5 4 2 5 1 |
南 ‥ 団 - い い |
ー 7 - 〔 り 9 5 6 1 0 1 3 3 4 |
|||||
| P「ofjt o= the disposaI of tangib-e fixed assets | |||||||||
| P「ofjt o= the disposaI of investments Gain on 「evaIuation of investments income from investments Inte「est 「eceivable |
ー ー 一 - ○ ○ |
ー ー 一 一 〇 〇 |
|||||||
| lnte「est payable | |||||||||
| Profjt/(書oss) befo「e taxation | ○ ○ |
7 [ H4 52 |
|||||||
| 丁ax on profit/(ioss) | |||||||||
| Profit/(Ioss) fo「 the financiai year |
| Fixed assets | |||||
|---|---|---|---|---|---|
| intangibie assets 丁angibIe assets lnvestments |
4 5 6 |
||||
| Cu「「ent assets | |||||
| Stocks | |||||
| Debtors lnvestments heId as cu「rent |
7 32,064 | 1 0,664 | |||
| assets Cash at bank and jn hand |
8 | 200,188 232,252 |
90,728 101,392 |
||
| Creditors: amOuntS fa一一ing due | |||||
| Within one year | 9 (5,742) | (7,238) | |||
| Net cu「rent assets | |||||
| Totai assets less current | |||||
| Iiabilities | |||||
| Creditors: amOuntS fa-1ing due | |||||
| after more than one yea「 | 10 | ||||
| P「ovisions fo「 liab師ties | |||||
| Net assets | 243,260 | 117,843 | |||
| Capitai and reserves | |||||
| Ca=ed up sha「e capitaI | |||||
| Sha「e p「emium | |||||
| RevaIuation reserve | 12 | ||||
| P「ofit and loss account | |||||
| Sha「eholde「.s funds |
| Piant and | ||
|---|---|---|
| Land and machinery Motor | ||
| buiIdings etc vehic-es TotaI | ||
| Cost | 豊 重 畳 重 | |
| At l January2020 Additions |
16,000 36,919 52,919 | |
| Su「plus on 「evaiuation | ||
| DisposaIs | ||
| At 31 Decembe「2020 | 16,000 | 36,919 52,919 |
| Dep「eciation | ||
| At l January2020 | ||
| Cha「ge for the yea「 | 2,800 6,645 9,445 |
| Su「pius on revaluation | ||
|---|---|---|
| On disposals | ||
| At 31 Decembe「 2020 | 6,645 | 9,445 |
| Net book vaiue | ||
| At 31 Decembe「 2020 | 30,274 | 43,474 |
| At 31 Decembe「2019 | ||
| FreehoId Iand a=d buildings‥ | 2020 | 2019 |
| Histo「icaI cost | 曇 | 豊 |
| Cumuiative dep「eciation based on histo「jcai cost |
| nvestments he-d as current assets | ||
|---|---|---|
| 2020 | 2019 | |
| Fair vaiue | 王 | 王 |
| Listed jnvestments | ||
| U剛sted investments |
| c「edit叩: amOunts fa一一ing due within one year | ||
|---|---|---|
| 2019 | ||
| 匿 | ||
| Non-equity p「eference sha「es | ||
| Ba=k Ioans and ove「d「afts | ||
| ObI-gatio=S unde「 fjna=Ce -ease and hj「e pu「chase cont「acts | ||
| Amounts owed to g「oup undertakings and undertakings in which | 2,388 | |
| the company has a participating inte「est | ||
| Taxation and socia- secu「ity costs | ||
| Othe「 c「edjto「s | 3,684 | |
| 1,166 | ||
| 7,238 | ||
| creditors: amOunts fa"jng due after one year | ||
| 2020 | 2019 | |
| 豊 | 豊 | |
| Non-equjty p「eference sha「es | ||
| Obijgatjo=S unde「 finance Iease a=d hI「e Pu「Chase cont「acts | ||
| 26,724 | 29,230 | |
| Amounts owed to g「oup undertakings and undertakings in whiCh | ||
| the company has a partieipating jnte「est | ||
| Othe「 credito「s | ||
| 26, 724 | 29,230 |
| Saies | |||
|---|---|---|---|
| Cost of sales | |||
| Gross profit | 665,835 | ||
| Dist「jbution costs | |||
| Adminjst「atjve expenses Othe「 operating jncome |
園 田 鋤 ∵14 ∩ 当 45 |
||
| Ope「ating profit/(loss) | |||
| [ 川 H |
7 ○ ○4 閥 】2 |
||
| P「ofit on the disposa- of tangibIe fixed assets | |||
| P「ofit on the disposai of jnvestments | ー ー |
ー |
|
| Gain on 「evaIuation of investments | 一 〇 |
一 一 |
|
| income f「om investments | - |
一 |
|
| inte「est 「eceivabIe lnte「est payabie |
- | - - |
|
| P「ofit/(10SS) before tax |
| SaIes | ||
|---|---|---|
| SaIes | ||
| Administrative expenses | ||
| Empioyee costs: | ||
| Wages and saIa「ies Directo「s' saia「ies |
270,509 | |
| Pensions Bonuses |
10,317 | |
| EmpIoye「-s Ni Tempo「a「y staff and 「ec「uitment |
15,796 | |
| Staff t「aini=g and welfa「e | ||
| TraveI and subsistence Moto「 expenses Entertaining |
24,390 | 1,697 4,425 |
| Premjses costs: | 349,267 | 302, 744 |
| Rent Rates Service cha「ges |
60,250 714 |
36,000 1,806 |
| Light and heat CIeaning Use of home |
1 7,264 462 |
16,190 |
| Gene「ai administ「ative expenses: | 78,690 | 53,996 |
| Teiephone and inte「net Postage |
3,572 | 2,197 |
| Statione「y a=d p「inting i丁 |
48,152 | 1 7,492 |
| Activjties F○○d Ba=k cha「ges |
8,602 10,867 |
14,184 |
| Insu「ance Equipment expensed |
5,279 | 2,490 |
| Equipment hjre | ||
| T「aining Repai「s and maintenance HP Cha「ges Amortisatjo= Of goodw帥 |
3,021 15,920 |
ー 6 0 5 - 6 9 1 7 9 6 四 国 回 田 |
| Bad debts | ||
| Sund「y expenses Legal and professionaI costs: Audjt fees |
ー 2 5 . 4 i 5 0 4 蘭 書 榊 輸9 |
7 1 1 6 0 0 8 ( 叫 7 っ4 i |
| Accountancy fees Soiicito「s fees Consultancy fees Management fees |
ー ー 一 一 - |
一 〇 〇 - |
| - |
| 2019 | |
|---|---|
| Advertising and PR | 曇 |
| Othe「 IegaI and professionaI | |
| 26,156 | |
| 26,156 | |
| 430,697 | |
| Other operating income | |
| Othe「 ope「atjng i=COme |
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of Read Academy Education On accounts for tho year ended I 315t December 2020 Charity no lif any) 1156203 Set out on pages I report to the trustees on my examination of the accounts of the above charity {'the Trust") for the year ended 31 Responsibililies and As the charity trustees of the Trust. you are responsible for the preparation basis of report of the accounts in accordance vrith the requirements of the Charities Act 2011 {"the Acr). I report in resFect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying OLrt my examination, I have followed the applicable Directions given by the Charity Commission under section 145{5llbl of the Act. I have completed my examination. I confimi that no material matters have come to my attention (other than that disclosed below ") in connection with the examination which gives me cause to believe that in, any matenal respect.. accounting records were nol kept in accordance with section 130 of the Ad or the accounts do not accord wrth the accounting records Independent examiner's 3tatement I have no cOnrn$ and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Please delete Ihe words in the brackets if they do not apply. Signed: Date: 31 11112021 Name: David Beattie Relevant professional qualificationls) or body {If any): Address: Flat D Monks Horton Sandhurst Road Tunbrid9e Wells Kent TN2 3JU IER October 2018
Section B Disclosure Only complete if the examiner needs lo highlight matters of concern (see CC32, Independent examination of charity arxounts.. directions and guidance for examiners). Glve here brfef d8talls of any itoms that the examiner wishes to dlsclose. IER October 2018