## **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**
**----- 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** 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