Trustees’ Annual Report for the period
From 01/01/2021 Period start date To 31/12/2021 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 28/11/2022
| Notes | |||||
|---|---|---|---|---|---|
| Fixed assets | |||||
| IntangibIe assets | |||||
| Tangible assets | |||||
| I nvestments | |||||
| Cur「ent assets | |||||
| Stocks | |||||
| Debto「s Cash atbankand in hand |
421 ,364 | 32, 064 200,188 |
|||
| 421 ,364 | 232,252 | ||||
| Creditors: amOuntS faliing due | |||||
| Within one year | 5 (36,736) | (5,742) | |||
| Net cur「ent assets | |||||
| Total assets Iess current | |||||
| IiabiIities | |||||
| Credito「s: amOuntS faiIing due | |||||
| after mo「e than one year | |||||
| Provisions for Iiab=ities | |||||
| Net assets | 395,178 | 243,260 | |||
| Capitai and 「eserves | |||||
| Ca=ed up sha「e capitaI | |||||
| Share p「emium | |||||
| Profit and loss account | |||||
| Shareholder’s funds |
| Numbe「 Number | |||
|---|---|---|---|
| Ave「age =umbe「 of pe「sons empioyed by the company | 15 14 | ||
| 3 Tangibiefixed assets | |||
| PIant and | |||
| Land and machinery | Moto「 | ||
| buiidings etc | Vehicies Totai | ||
| Cost 仁 王 |
隻 亀 | ||
| At l January 2021 Additions |
13,200 | 30,274 43,474 | |
| Su「plus on 「evaIuation | |||
| DisposaIs | |||
| At 31 Decembe「 2021 | 13,200 | 30,274 43,474 | |
| Depreciation | |||
| At l January 2021 | |||
| Cha「ge fo「 the yea「 | 7,568 1 0,868 | ||
| Su「pIus on revaluation | |||
| On disposaIs | |||
| At 31 December2021 | 7,568 10,868 | ||
| Net book va!ue | |||
| At 31 Decembe「2021 | 22,706 32,606 | ||
| At 31 December2020 | 30,274 43,474 | ||
| F「eehoId land and bu=djngs‥ | 2021 2020 | ||
| Historicai cost | ま ま | ||
| Cumulative dep「eciation based on historicaI cost |
| 5 Creditors: amOuntS falling due within one year | 5 Creditors: amOuntS falling due within one year | 2021 2020 |
|---|---|---|
| 乞 豊 | ||
| Taxation and sociaI security costs | 4,713 4,656 | |
| Other c「editors | 32,023 1 ,086 | |
| 36,736 5,742 | ||
| 6 credito「s: amOuntS fa=ing due afterone year | 2021 2020 | |
| 豊 曇 | ||
| Ob“gations under finance lease and hi「e purchase contracts | 22,056 26,724 | |
| T「ade credito「s | ||
| Othe「 c「edito「s | ||
| 22,056 26,724 |
| 2021 2020 | |
|---|---|
| 王 童 | |
| SaIes | 906,951 665,835 |
| G「oss profit | 906,951 665,835 |
| Administrative expenses | (755,033) (540,41 8) |
| Operating profit | 151,918 125,417 |
| i nte「est 「eceivabie | |
| inte「est payabIe | |
| Profit before tax | 151,918 125,417 |
| Sales | ||
|---|---|---|
| Sales | ||
| Administrative expenses | ||
| EmpIoyee costs: | ||
| Wages and sala「ies Directo「s’sala「ies Pensions Bonuses EmpIoye「’s NI Tempo「a「y staff and 「ecruitment Staff t「aining and weIfa「e T「aveI and subsistence Moto「 expenses Enterta面ng Premises costs: |
337,174 17,398 20,989 17 28,675 404,253 |
0 5 1 9 8 1 0 6 7 0 1 3 9 6 3 2 4 “ 9 2 43 7 - 1 - 9 - - - 0 - 7 |
| Rent | 228,306 | 60,250 |
| Rates | 617 | 714 |
| Service cha「ges | ||
| Light and heat Cieaning |
17,536 783 |
17,264 462 |
| Use of home | ||
| 247,242 78,690 | ||
| Gene「aI administ「ative expenses: | ||
| Telephone and inte「net Postage Stationery and p「inting Cou「ie「 Services Activities F○○d Bank cha「ges insu「ance CRB Checks Equipment hi「e T「aining Repai「S and maintenance Dep「ecjation Amo面Sation of goodw川 Bad debts Sundry expenses LegaI and professionaI costs: |
4 7 5 6 0 2 8 4 3 9 4 9 2 8 6 7 0 0 3 ( × ) 0 6 9 1 1 4 3 1 1 1 9 - 2 - 2 2 6 5 9 - 3 0 - - - 0 8 |
3,572 48,152 8,602 10,867 5,279 3,021 15,920 ー 2 5 4 5 0 4 1 『 6 ,9 |
| Othe「 legai and p「ofessional | 6 6 0 0 0 0 6 6 才 〇 〇 〇 才 , |
|
| 540.418 |
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 Ar2demy Education On accounts for the year ended 31st December 2021 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 Responslbllltle$ and As the charity trustees of the Trust. you are responsible for Ihe preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act'>. I report in resFect of my examination of the Trust's accounts carried OLrt under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Chanty Commission under section 145151(b} of the Act. I have completed my examination. I confim) that no material matters have come to my attention (other than that disclosed below ') in conne¢tion with the examination which gives me cause to believe that in. any material respecl: accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord wth the accounting records Indepèndent examiner's statement I have no concerns and have wme across no other matters in connection with the examination to vthich attention should be drawn in order to enable a proper understanding of the accounts to be reached. Pleasa delete thè words in Ihe brackets rf they do not apply. Signed: Date: Nam8: David Beattie Relevant professional qualiflcationlsl or body i Ilf any).. Address: Flat D Monks Horton Sandhurst Road Tunbridge Wells Kent TN2 3JU IER October 2018
Section B Disclosure Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charty accounts.. directions and guidance for examiners). Give here brief delalls of any items that the examiner wishes to disclose IER October 2018