## **Trustees’ Annual Report for the period** **From 01/01/2023 Period start date To 31/12/2023 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 on**
**Public benefit and have ensured it is**
**enforced by providing a 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** SORP reference Summary of the main Para 1.20 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. **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|**£455,819**| |Reasons for holding zero
reserves|Para 1.22|| |Details of fund materially in
deficit|Para 1.24|| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|| |**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|**Student 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: |**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:| |---|---|---| |||| |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 Ave
Barking
Essex
IG11 8QX
**----- End of picture text -----**
**Names of the charity trustees who manage the charity** **----- Start of picture text -----**
Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
Gulam Abbas
1
Hussain
Amran Hussain
2
Ruhel
Ihsaan Ahmad
3
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** Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year** ## **Funds held as custodian trustees on behalf of others** Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for 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 ## **Other optional information** ## **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** 9th October 2024 RegiSte￿d number 08813632 Read Academy Education Draft Report and Accounts 31 December 2023 Read Acadomy Edu¢atlon Draft Profit and Loss A¢count for the year ended 31 Docember 2023 2023 2022 Turnover 1.073,707 997,209 Gros¥ Profft 1.073,707 997,209 Administrative expen$¢$ 11,057,892) 1920,7761 Op•rntlng prollt 15,815 76,433 Interest receivable Interest payatrA8 Profit beforn taxaxtlon 15.815 76,433 Tax on profit Profit lor th• flnancl•l ymr 15,875 76,433 Read Academy Educatlon Regl8tered number". Draft Bal*nc• Shoot as at 31 Dgcembor 2023 08813632 Nots• 2023 2022 Flxgd assets Intangible assets Tangible assets Investments 193,089 31,457 t93.fy89 31,457 Curr•nt •M•ts Stocks DebtOf3 Cash at bank and in hand 40,221 415,598 455.819 461,788 461.788 Cr•dltorn'. ornounl¥ f•lllng du• wlthln one y••r (7.632) 15,1321 N•t Current a•th• 448.187 456.856 Totsl 4•¥ets l•M curr•nt li•bllStl 641.276 488.113 Credi¢orn'. •mounts falling du• aft•r mor• than on• y•ar {153,850} 116.8341 Provl8lon• for11oblllY N•t I￿•1¥ 487.426 471,279 Capital •nd re•grv•• Called up share capital Share premium Profit and loss aG¢ount 487,376 471.581 Shor•holderf• fvnd• 487.426 471.611 The directof IS 8atisf*d that the o)rnpany 18 enbded to ?xempty"on from rnquif*mgnt to obtain an audit und•r sectson 477 of the Companie$ Ad 2(Kfj. Th• M•M￿r hps not required the company to obtain an audrt in ¥ctydan¢e wth secaKJn 476 of th8 The director ackntr•*ledg8s his responwbilrfies for C￿plyi￿j vhth the r•quw•mgnts of the Companies Act 2006 wrth respect to 8ccounts.ng r•wds and the ￿parat￿)n of ac£tyJnt8. Th* $¢￿unt8 have been prepared and del￿ra￿ in aecwdaThco with the 8pecial prow$KJns applicabl• to companies subj8cI to the sm811 companies regime. The profft and 8ccthnt has not been delivered to th• R•gi$trar Of Companie8. Gulom Hu&ryaln Direcloi Read Academy Educatlon Draft Detailed prollt and loss account for the y•ar ended 31 December 2023 This schedule does not fomi part ofth8 statutory accounts 2023 2022 Sale• Sales 1,073,707 1.073.707 997,209 997,209 Admlnlstrallve expenses Employee costs.. Wages and salaries Directors. salaries Pensions 8onuses Employerfs Nl Temporary staff arKI recwilment Stsff training and weffjore Travel and Subsistence 377.967 381,999 10,197 19.541 19,892 19.669 Entertaining 408,056 421.209 Premises costs.. Rent Rates Service charges Light and heat Cleaning Use of home 363,000 608 295.025 29,413 2,468 26.325 1,523 395,489 324.337 General 8dmin151ralive expenses.. Telephone and inlernel Exam fees Stationery and printing Donatsons Aclivits'es Food Bank Charges Insurance CRB Check$ Motor expenses Training Repairs and maintenance Oepreciabon Amortisalion of good￿.11 Bad debts Sundry expenses 3,616 176 61,045 335 38,253 23,529 1,273 13,369 38,497 237 35,658 24,129 731 15,237 1,676 18,814 432 29,746 23.332 8,122 77,812 1,748 170,249 250,862 Legal and professional costs. Other legal and professional 3.485 3.485 4,981 4,981 1,057,892 920,776 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trustees On accounts for the year ended Charity no {If any) 31 IILlioLS IIS6203 Set out on pages I report to the trustees on my examination of the accounts of the above charity ('Ihe Trust") for the year ended Responslbllltles and basis of report As the charity's trustees, you ara rèsponsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (Wie Act.). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I havè followed all the applicable Directions giv8n by the Charity Commission under section 145{5)Ibl of the Act. Independent IThe charity's gross income exceeded £250,000 and l am qualified to examiner's statement undertake tho examination by being a qualified member of linsert name of applicable listed bodylj. Delete I l if not applicable. I have completed my exarnlnation. I confim that no material matters hav6 come to my attention in connection with the examination {olher Ihan that dlsclosed below'l which gives m6 cause lo believe that in, any material respect.. the accounting records were not kept in accordance with section 130 of th6 Charities Act., or the accounts did not accord with the accounting records., or the accounts did not Comply with the applicable requir@m8nts con¢erning thè fom and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requiram8nt that the accounts give a 'truè and fair, vi8w which is not a matter considered as part of an indgpendenl éxamination. I have no concems and have come across no other matters in conn6Ctlon wilh the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. P18as8 d818te th8 words In th8 brackets if they do not apply. Signed: Date: 171iolLL4 Nam•: • irj - Relevant professional quallflcatlon(sl or body IER Oct 2018 {if any): Address: Section B Disclosure Only complete if the examiner needs lo highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners}. Give here brief detalls of any items that the examiner wishes to disolose. IER Oct 2018