## **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** **----- Start of picture text -----**
SORP reference
**----- End of picture text -----**
|**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** **----- Start of picture text -----**
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
**----- End of picture text -----**
## **Names of the charity trustees who manage the charity** **----- Start of picture text -----**
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
**----- End of picture text -----**
– 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 **----- Start of picture text -----**
Trustee name Dates acted if not for whole year
NA
**----- End of picture text -----**
## **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
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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
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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
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| |||-| ## ||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 cOn￿rn$ 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