## **Trustees’ Annual Report for the period** ## **From 01/01/2024 Period start date To 31/12/2024 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: |||| |---|---|---| |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|**£307,954**| |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 where relevant about: **Student Fees** The charity’s principal sources of funds (including Para 1.47 any fundraising) Investment policy and objectives including any Para 1.46 social investment policy adopted A description of the principal Para 1.46 risks facing the charity 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 Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other ## **Reference and Administrative details** |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| ||| ## **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
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9
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20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (if any)**| |---|---|---|---|---| ||Gulam Abbas
Hussain|||| ||Amran Hussain
Ruhel|||| ||Ihsaan Ahmad
Rafiq|||| ||Sami Shaikh|||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## – 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)** |**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**| |---|---|---| |**Type of**
**adviser**
**Name**
**Address**||| |||| |||| |||| |||| |**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** 28/10/2025 Registered number 08813632 Read Academy Education Report and Accounts 31 December 2024 Read Academy Education Registered number: Dlrectorfs Report 08813632 The Director presents his report and accounts for the year ended 31 December 2024 Prln¢lpal actfvltl•s The company's principal activity during the year conts.nued to be provKling educational serrfices. Dlroctorn The following persons served as directors during the year. Gulam Hussain Ihsaan Rafiq Amran Ruhel Sami Shaikh Small company provlslons This report has been prepared In accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. This report was approved by the board on 26th September 2024 and signed on rts behalf Gulam Hussain Director Read Academy Education Profit and Loss Account for the year ended 31 December 2024 2024 2023 Tumovor 1,201,499 1,073,707 Gro•• Profft 1,201,499 1,073,707 Administrats've expenses (1,138,317) (1,057,892) Operatlng profft 63,182 15,815 Interest receivable Interest payable (10,018) Profft b•lor• taxaxtlon 53,164 15,815 Tax on profit Profit for th• flnanelal year 53,164 15,815 Rmd Ac•d•my Educ•tlon R•glst•r•d numb•r. Balanu Shoot a• at 31 Docemb•r 2024 08813632 2023 Flx•d ••••l• IntsngiN• •stats T•nglble as80ts Inv8Strnents 185.548 193.089 185.548 ¢urr•nt M••ts 201.750 307.954 509.704 40.221 415,598 455,819 C4•h at t*nk In Crndltorn: •mwnts lalllng du• wlthln on• ymr 133.7841 (7.6321 N•t cun•nt ••••ts 475.920 448.187 Tolal b•M cun•nt IL•bllltl•• Cv•dlior•: amounts falllng d aft•r morn than on• ymr 1120,8201 {153.8501 PrnvlBloM lor Il•blllll•• W•t ••••ts 467,426 C•ptt•l •nd Calw up ¥h8r• c•yt•l Shprn premlum Pmfit and h)88 ￿x#jni 487.378 8h•rnhold•rf• lund• 467.428 The dlrector 18 $8tisW th81 the cunpgny 18 8nlSW b) Irorn th• rwlrnArtht obt* In awlit undw 477 oflhe Ctynpanies Act 2￿. The 8cc(yJnts have twn weporyl and dell¥er•d th8 SF*Jal aprAuble to Gularn HU￿￿n Read Academy Educatlon Notes to the Accounts for the year ended 31 December 2024 1 Accountlng pollcl Basls of proparatlon The accounts have been prepared under the historical cost conventM)n and In accordance wrth FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small ents'ts'es by sects'on 1A of the standard). Turnover Tumover is measured at the fair valu6 of the consideration received or receivable, net of discounts and value added taxes. Tumover includes revenue eamed from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownersliip of the goods have transferred to the buyer. Tumover from the rendering of services is recognised by reference to the stsge of completion of the contract. The stage of completion of a contract is measured by comparing the incurred for work perfomied to date to the total estimated contract costs. Intanglbl• flxed a88•t8 Intangible fixed assets are measured at cost less accumulative amortisatson and any accumulats've impaimient losses. Tanglble flxed ass•ts Tangible fixed assets are measured at cost less accumulative deP￿latIOn and any accumulative impairment losses. Depreciats'on is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less ests'mated residual value. of each asset evenly over its expected useful life, as folk)ws: Freehold buildings Leasehold land and buildings Plant and machinery Fixtures, fitts"ngs, tools and equipment over 50 years over the lease tem over 5 years over 5 years Investments Investments in 8ubsidiarie8, 88sw.ates and joint ventures are measured at cost bess any accumulated impaiment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in wh￿h case they are measured at cost less any accumulated impaimient losses. Changes in fair value are included in the profit and loss account Stocks Stocks are measured at the lower of cost and estimated selling price l&ss costs to complete and sell. Cost is determined using the first in first out method. The carying amount of stock sold is recognised as an expense in the period in wh￿h the related revenue is recognised. D•btorn Short term debtors are measured at transacbon price (which is usually the invoicL price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transacts'on price induding any transaction costs and subsequently measured at amortised cost determined using the effectsve interest method, less any impaiment losses for bad and doubttul debts. Read Academy Educatlon Notes to the Accounts for the year ended 31 December 2024 Crndltors Short tem creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially re¢ognised at transaction price net of any transaction costs and subsequenty rneasured at amortised cost detemined using the effects've interest method. raxatlon A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in ￿SpeCt of a tax loss that can be carried back to recover tax paid in a p￿vIOuS period. Deferred tax is recognised in respect of all timing differen￿3 between the recognition of income and expenses in the financial ststements and their inclusion in tsx assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future tsxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substsnts'vely enacted by the reporh'ng date and that are expected to apply to the reversal of the timing difference, except for revalued Lgnd and investment propety where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilttyes are not discounted. Provlslons Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, rt is probable that economic benefit will be transferred io settle the obligab'on and the amount of the obligats'on can be ests'mated reliably. Fornlgn currency tran81atlon Transactions in foreign currencies are inibally recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period fO￿Ign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. Leased as8•ts A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. Thè rights of use and obligalions under finance leases are inrtially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or. rf bwer. the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effecb've Inte￿$t rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining baknce of the liability. Leased assets are depreciated in accordance with the company's policy for tsngible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end ol the lease temi, the asset is depreciated over the lower of the lease tem and its useful life. Operats'ng lease payments are recognised as an expense on a Stra￿hl line basis over the lease term. Penslons Contributions to defined contribution tyans are expensed in the period to which they relate. 2 Employe 2024 2023 Read Academy Educatlon Nots8 to the Accounts for the year ended 31 December 2024 Numbor Number Average number of persons employed by the company 15 14 3 Tanglble flxed assets Plant and machlnory Land and l)ullding• Motor vehlcles Total C¢)gt At January 2024 Additions Surplus on revaluation Disposals At December 2024 17,176 190,619 207,795 17.176 190,619 207,795 Depreclatlon At 1 January 2024 Charge for the year Surplus on revaluats'on On di8posa13 At 31 December 2024 3,188 19,061 22,249 3.188 19,061 22,249 N•t book value At 31 December 2024 13,988 171.558 185,546 At 31 December 2024 17,176 190,619 207,795 Freehold land and buildings.. 2024 2023 Historical cost Cumulative depreciats'on based on histon'cai cost [For revalued assets, State the years in which the assets were valued and their values. For assets revalued during the reporting period. state the names of the persons who revalued them or particulars of their qualificab'ons for doing so and the bases of valuabon used by them.] 4 Debtor• 2024 2023 Trade debtors Other debtors 61.750 140,000 201,750 32,221 8.000 40.221 Read Academy Educatlon Notes to the Accounts for the year ended 31 December 2024 Amounts due after more than one year included above 5 Cr￿lt0￿. amount8 falllng due wlthln on• yoar 2024 2023 Trade creditors Taxation and social security costs Other creditors 2,500 3,952 1,180 7,632 33,784 33,784 6 Credftorn: amounts falllng due aft•r on• y•ar 2024 2023 Obligations under tlnance lease and hire purchase contracts Trade creditors Other creditors 120,826 153,850 120,826 153,850 7 Other Inforniatlon Read Academy Education is a registered chanty providing educational seThices and is a private ompany limited by shares and incorF¥)rated in England. Read Academy Educatlon Detailed proflt and loss account for the year ended 31 December 2024 This schedule does not fomi part of the statutory accounts 2024 2023 Sal 1,201,499 1,073,707 Gros8 proflt 1,201,499 1,073,707 Administrative expenses (1.138,317) (1,057,892) Op•ratlng profft 63,182 15,815 Interest receivab Interest payable (10.018) Profft beforn tax 53,164 15,815 Read Academy Education Detalled proflt and loss account for the year ondod 31 December 2024 This schedule does not fom7 Part of the statutory accounts 2024 2023 Sale8 Sales 1.201,499 1,201,499 1.073,707 1,073,707 Admlnl•tratlv• •xpen••s Employee costs.. Wages and salaries DirectOfS' salaries Pensions Bonuses Employers Nl Temporary staff and ￿cruitrnent Staff training and welfare Travel and subsistenc 466,355 377,967 4,499 10.197 24,480 19.892 Entertaining 495,334 408,058 Premises costs.. Rent Rates Service charges Light and heat Cleaning Waste 239,000 12,797 363,000 608 28.308 29.413 2,468 899 281,004 395,489 General administrative expenses.. Telephone and internet Exam fees Stationery and printing Donations Activits'es 6,042 23,412 52,134 3,616 176 61,045 335 38,253 23,529 1,273 13,369 78,806 38.707 815 14,882 1,153 41,913 1,334 80,184 Bank charges Insurance CRB Checks Motor expenses Training Repairs and maintenance Depreciation Amortisation of goodwill Bad debts Sundry expenses 23,332 8,122 77,812 343,726 250.882 Legal and professional costs: Professional Fees 18,253 18,253 3,485 3,485 1,138,317 1,057,892 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to th• trustse8 Read Academy Education Trust On accounts for the year endèd 31-12-2025 Charlty no (if any) 1156203 Set out on pag I report to the trustees on my examination of the accounts of the above charity {"the Trust.) for the year ended Responslbllltles and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('Ihe 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 have followed all the applicable Directions given by the Charity Commission under section 145{5)(b) of the Act. Independent Ffhe charty's gross income exceeded £250,000 and l am qualified to examinerf8 statement undertake the examination by being a qualified member of [insert name of applicable listed body]]. De18t8 [ ] rf not applicable. I have completed my examination. I confimi that no material matters have come to my attention in connection with the examination (other than that disclosed below ") which gives me cause to believe that in, any material respect: the accounting records were not kept in accordance with section 130 of the Charrties Act., or the accounts did not accord with the accounting records; or the accounts did not comply with the applicable requirements concernin9 the forni and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fair, view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection wrth the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Please delete the words in the brackets if they do not apply. Slgn•d: Dat•: 2911012025 Name: David Beattie Relevant professlonal qualificatlon(s) or body IER Oct 2018 (If any): Address: 39 Mendip Avenue Eastboume BN23 8HP Section B Disclosure Only complete if the examiner needs to highlight material matters of con￿rn (see CC32, Independent examination of chartty accounts: directions and guidance for examiners). Glve here brlef detall8 of any Items that the examiner wishes to dl8cIo88. IER Oct 2018