REGtSTERED COMPLNTr" NLMBEIL" CE001600 2*d M ths) REGISTERED CHARITI ThLMBER= I li8199 of the Trnstees and Unaudited Financial Statements for the Year Ended J l Au ust 2024 THE REGIS SCIIOOL OF MUSIC Accountill(F Figures Lirnited J I Chawkmare Coppice Aldwick BO￿or Reois West Sussex P021 iSP THE REGIS SCFIOOL OF MUSIC Conients of the Financial Statements for the Year Ended ) l Au ust 2024 Page Report of the Trustees Independent Examiner's Report Statément of Financial Activities Balance Sheet Notes to the Financial statements 6 to 11 Detailed Statement of Financial Activities TEIE REGIS SCHOOL OF MUSIC Re ort of the Trustees for the Year Ended ) l Autsust 2024 The trustees who are also directors of the charit! for the purposes of the Companies Act ?006. present their report with the financial statements of the charity for the ￿Ear ended )1 August 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in a¢¢ordance wttb the Financial Reportin(F Standard applicable ill the UK and Republic of Ireland (FRS 102) (effective l January 2019). STRUCTURE, GOVERNANCE AND IWIAGEMENr GoverniDg dOCu￿ettt The charity is controlled by its governing d(￿UMen¢ a deed of trusl and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. RFFFRENCF AND ADMINISTRATIVE DETAILS Registered Company number CEOO1600 (b.ngland and Wales) Registered Cbaritv number 1158199 Registered o￿lee 46 Sudley Road Bognor Regis West susse.x P021 IF.R Trustees A l.evtov J Bobak Mrs. S Bobak Company Secretary Independent Examiner Malcolm John Pressdee Accounting Figures l.itnited J I Chaivkniare Coppice Aldwick Bognor Regis West Sussex P0213SP FCA Approved by order of the lJ)ard of tnJste¢s on 29 June 2025 and signed on its behalf by. A LeTrtov - Trustee PLoe I Ind enderAt Examinerfs R to the Trustees of THF. REGIS SCHOOL OF MUSIC Independent examiner's report to the trustees of THE REGIS SCHOOL OF MUSIC Cthe Company,) I report to the charit! tr￿Ste¢S on my &iaminatiOD of tbe accounts of the Company for the year ended J l August 2024. Responsibilities and basis of report As the chaTityOs trustees of the Company (and also its directors for the purposes of Collkpany law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charitys accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act). In carrying out my examination I have followed the Directions given by th¢ Charity Commission under Secuon 145(5) (b) of the 201 l Aci. Independent examiner's ststement I have completed my examinatiffl. I confinn that no matters have come to llky attention in COEme¢tion with the examination giving me cause to belTeve: accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or the accounts do not accord with those re¢ords- or the accounts do not comply ivith the accounting requirernents of Section 396 of the 2006 Act other than any requirwnent that th¢ accounts give a tru¢ and faw view whith is not a matter considered as part of an illdependettt eXaTnInati(￿- or the accounts have not been Prepared in accordance with the meth(xls alld prillciples of the Statement of Recommended Practice for accounting and reportino by charities (applicable to charities preparing their accounts in accordance with the Financial Reportinilities for (a) ensurino that the charitable company keeps accounting records that comply with Sections i86 and i87 of the Companies Act 2006 and preparino financial statements which give a true and fair view of the state of afFairs of the charitable compan), as at the end of each financÈal yffdr and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and J95 and which otheTh¥ise comply the requiretnents of the Companies Act 2006 relating to financlal statements, so far &8 applicable to the charitable company. (b) The notes form part of these financial statements THE REGIS SCHOOL OF MUSIC Balance Sheet - continued ust 2024 These financial statements have IKen prepared in accordance with the provisions applicable to charitable companies subject to the small companies reuime. The financial statements were approved by the Board of Trustees and authiKised for issue on 29 June 2025 and were signed on its behalf by: A Levtov- Trustee The notes fonn part of these financial ststelnents THE REGTS SCHOOI. OF M(JSIC Notes to the Financial Statements for the Year Ended i l Auoust 20?4 ACCOUNTING POLICIES Basis of prepgring the flnaneial statenjents The financial statements of the charitable company. which is a public l￿Trefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities pr￿aring their accounts in accordance with the Financial Reportino Standard applic&bl¢ in the UK and Republic of Ireland (FRS 102) (effective l January 2019)., Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The Fmancial statements have been prepared under the historical cost convention. Income All income is recognTsed in the Statement of Financial Acttvities once the charitiT has entitlement to the funds, it is probable that the income will be received and the amoullt can measured reliablN'. Expenditure Liabilities are recoonised as expenditure as SO￿ as there is a le2al or constnsctive oblitsation committinTr the harity to that expenditure. it is probable that a transfer of economic benefits will be required in settlement and the amount of the oblioation can be measured reliably. Expenditure is accounted for on an accruals basis and has been Classified under headings that ￿egate all cost Telated to the category,. Where costs cannot be directly attributed to particular headings they have t*en allcKated to activities on a basis consistent with the use of resources. Tangible flxed assets Depreciation is provided at the followintr annual ratos ill order to write off each asset over its estimated useful life. Freehold property Fixtures and fittinos not provided on cosi Taxation The charity is exempt from c(Kp(Kation on its charitable activities. Fund accollntxng Unrestricted funds can be used in aco)rdance with the charAtable objectives at the discretion ofthe trustees. Restricted funds can on]v ￿ used for particular r￿cted purposes V¥ithin the objects of the charity. Restrictions arise M.hen specified bi, the th)llor or when funds are raised lor particular restricted purposes. Further explanation of the nature and purpose ofeach fimd is included in the Rotes to the financial statement5. OTH ER TRADINC AcfiviTIES Hire of hall Grants and donations Sundry income 12.540 15.040 2.745 10,630 1,308 30,325 19,201 Pd2e 6 continued... THE REGIS SCHOOL OF MUSIC Notes to the Financial Staternents - continued for the Year Ended ) l Au ust 2024 RAISING FUNDS Raising donattODS and legacies 31.8.24 il.8.2i Rates and water Insurance 640 1.800 2,529 654 228 1,618 Refreshments Cleanints of hall Music sheets and computer sund ries Support costs 425 84 800 623 9.667 16,239 11,507 NET INCOMEI(EXPENDITURE) Net income/(expenditure) is stated after chaTgingl{crediting): 31.8.24 31.8.23 DepTeciatÉon - owned assets 3,644 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or (rther benefits for the yedr ended 31 st Auoust 2023 nor for the year ended )Ist August 2022 other than payments of £870 (202)) and £868 (2022) made to A Levtov as a self employed teacher. Trnstees, expenses There were no trustees. expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023. COMPARATIVES FOR THE STATEMEN[ OF FINANCIAL ACYIVITIES Unrestricted Restricted fund fund Total fi￿dS INCOME AND ENt)OWMENTS FROM Charitable aCti￿￿tieS Concerts Bursaries (225) 410 (225) 410 Other trading activities 19201 19,201 Total 19,386 19,i86 EXPENDITURE ON Raisillg fund5 11,507 11,507 Charitable activities Governarftce 560 560 i.578 Page 7 continued... THE REGIS SCHOOI. OF MUSIC Notes to the Financial Statements - continued for the Year Ended i l Au t 2024 COIWPARATIVES FOR THE STATEMEThT OF FINANCIAL AcfIviTIES- continued Unrestrided Restricted fund fund Total funds Total 15.645 15.645 NET INCOME 3,741 3,741 RECONCILIATION OF FUNDS Total fAmds brought forward 28,509 28,509 TOTAL FUNDS CARRIED FORWARD 32250 32.250 TANGIBLE FIXED ASSETS Fixtures Freehold property Totals COST At I Septemt*r 2023 and 31 AUg￿8t 2024 18.385 36.441 54.826 DEPRECIATION At I September 2023 Charge for year 23.648 23.fv18 At J l August 2024 27,292 27,292 NET BOOK VALUE At 31 August 2024 9.149 At 31 August 202) 12,793 31.178 Page 8 continued... THE REGIS SCHOOL OF MUSIC Notes to the Financial Statements - continued for the Year Ended J l Au ust 2024 CREDITORS: AMOUNTS FALLING DUE WTfHIN ONE YEAR il.8.24 31.8.23 Trade creditors Other creditors 985 1.273 CREDITORS: AMOUNTS FALLING DUE A￿ER MORE THAN ONE Y EAR il.8.24 31.8.23 Other loans (see note 10) 8.776 io. LOANS An analysis of the maturity of loans is given below: 31.8.24 Amounts falling bettveen one and two years: Other loans - 1-2 years 8.776 ii. MOVEMEKT IN FUNDS Net movement in funds At 31.8.24 At 1.9.2i Unrestricted funds General fund 32250 TOTAL FUNDS 32.250 7.437 39,687 Net movement in funds. included in the a￿ve are as follows: Incoming Resovrces expended Movement in fimds Unrestricted funds General ￿nd 27,948 (20.511) 7.437 TOTAL FUNDS 27.948 (20.511) 7.437 Page 9 continued... 'rHE REGIS SCFIOOL OF MUSIC Notes to the 54inancial Statements - continued for the Year l*.nded J l Au ust 20?4 ii. MOVEMENT IN FUNDS- continued Comparatives for movement ill funds movement in funds At At 1.9.22 Unrestricted funds General fund 28.509 32.250 TOTAL FUNDS 28.509 i,741 Comparative net movement in fimds, included in the above are as follthvs: Incoming Resources resources expended Movement in funds Unrestricted funds General fimd (15,645) 3,741 TOTAL FUNDS (15.645) 3.741 A current year 12 months and prior year 12 months c