Charity number: 1158621 Fylde Coast SCITT Ltd Registered number.. 08058974 Trustees, report and financial statements For the year ended 31 August 2023 "AD482UB7* 30N)5r2024 COMPANIES HOUSE A13
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FYLDE COAST SCITT LTD (A company limited by guarantee) CONTENTS Page Reference and administrative detalls of Ihe charity. its trustees and a(fvisers Trustees. report Trustees. responsibilities statement Independent examlnerfs report Statement of flnancial activities Balance Sheet statomgnt of Cash Flows Notes to the financial statements 10-16
FYLDE COAST SCITT LTD (A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2023 Trustees John Ashton Jill Gray lan Siddall Holly Wo¢)J Company registered number 08058974 Charlty reglstered number 1158621 Reglstered offl¢e The Blackpool Sixth Form College. Blackpocd Old Road. Blackpctsl. FY3 7LR Company secretary Mr Simon Stott Independent Exam4ner Nicola Mason FCA. DChA
FYLDE COAST SCITh LTD (A company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST2023 The Trustees (who are also directors of the charity for the purposes of the Companies Acll present their annu81 report together with the financial statements of Fyl¢Je Coast SCITT Ltd Ilhe company) for the year ended 31 August 2023. The Trustees confimi that the annual rewrt and financial statements of the company compty with the Chanties Act 2011. the Companies Act 2006, the Memorandum and Articles of Assotialion. and Accounting and Reporting by Charities-. Slalement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Finarrial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102){effective 1 October 20191. Structurg, govemance and rnanagement a. CONSTITUTION The company (number 080589741 is constituted under rts MemoraThJum and Articles of Association and is a registered charity (number 1158621). The company is registered as a charitsble company limited by guarantee and the company obtsined charitable Stslus on 18 September 2014. The company changed it's name frijm Fylde Coast Teaching School Limited to Fylde Coast SCITT Ltd on 2] March 2021. The principal object of the company is to provide such charitable Purposes as the directots in their absolute discretion think fil including. but not limited to, the advancement of education for the public benefit in the United Kingdom. in particular bul wlhoul prejudice to the generality of the f(egoino by {il supplying education related seNices and faalilies lo schods. colleges. local authorilies, children, young people, adult learners. companies, corporations. trusts, assoaalions and inslitulions lil) providing school improvement and related services lo schools. colleges. local authorities. companies. corporatsons. Irusls. associations and institutions. b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES The management of the company is the responsibility of the trustees who are appoinled under the terms of the Articles of Association. . POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES No formal policy has been adopted. however, Ihe induct)n and training of trustees can and does include the fcAlowing: Each trustee receives govemance training within their own organisalion. Each of the trustees is required to attend a strategic development event where training on procedures. policies and on the current developments and an$ of the chanty is delivered. d. ORGANISATIONAL STRUCTURE AND DECISION MAKING The organisational structure of the SCITT comprises of the Board of Trustees, the Board of Governors and the Steering Committees. The Board of Twstees is responsible for setting the strategie direCtn of the organisation and holding the Chief Executive to account. The Board of Govemors is made up of principalslheadteachers of primary and secondary organisations. This group makes operational decisions for the SCITT and provides focus on its priority areas. Decisions on the prionty areas are forwarded to the Board of Trustees for approval. The Steering Committees are made up of representatives of the school partner organisations and academies who recnjit and host the trainee teachers for their training.
FYLDE COAST scirr LTD (A company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2023 This group identifies acDons required by the SCITT and this infoms the operational decisions made by governors. e. RELATED PARTY RELATIONSHIPS Oue to the nature of the SCITT'S operations and the Board of Trustees being drawn from local public sector organisats"ons. transactions may lake place with organisations in which a trustee has an interest. All transactions involving such organisalions are conducted at am)'s length and in accordance with the SCITT'S financial regulations and normal procurement procedures. Objectives and Activities a. POLICIES AND OBJECTIVES Reserwes ollc The reseNes policy is included in the Financial Review section below. Investment olic Apart from tainIng a prudent amount of reseNes each year most of the charity's funds a to be spent in the short term. Therefore. there are few funds available for investment. b. ACTIVITIES FOR ACHIEVING OBJECTIVES The Fylde Coast SCITT achieves its objectives by providing the following significant aclivitieslservices.- Outstanding teacher training programmes across a range of age ranges and phases A flow of well-qualified and welkprepared teachers for an Educat#)n Investment Aa Training and professional devekspment for subject and phase mentors Partnering and networking across the region lo enhance school improvement Aftercare seNice for SCI graduates to improve teacher retenti) Achievements and perfomiance a. GOING CONCERN Fylde Coast SCITh has continued lo produce high quality teachers for the northwest region since the last report. Conshjering the expansion to include the hub in Liverpool. and working in pArtnership with Northem Schools Trust. the marketing name of the SCITT has been changed lo North West SCITh. This beller reflects the thalion of the organisation and supports markeb"ng. This change was made with approval from the Department for Education in August 2023 8nd a new accreditation certificate was issued. The company has adequate resources lo continue in operational existence for the foreseeable future. For this reason. they continue to adopt the going concem basis in preparing the financial stslemenls. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies. b. REVIEW OF ACTIVITIES The Tnjstees review the Charity's aims. objectives and activities on a regular basis. The review looks at the practical aspects of delivering the various programrnes and Considers the athievements and outcomes of the work carried I1. The successes of each of the activities and the benefits brought to the specific targeted groups of people are considered.
FYLDE COAST SCITT LTD (A company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2023 These regular reviews help the Trustees to remain focused and ensure that the aims, objectives and activities are being G4rried out and achieved. ¢. FACTORS RELEVANT TO ACHIEVE OBJECTIVES The level of activities of the Charity is largely dictated by the number of candidates who are recruited lo each programme and on the conditions placed on the funding. This ndIng is reiVed from the Department for Education who may dictate how the funds should be used and wthin a specifie time seale in line with the Annex G agreement. The Fylde Coast SCITT continues lo optirnise relationships between schools wth the aim of maximising educational and employment opportunities for young people. Flnanclal review The financial statements show nel ojtgoing resources for the year of £22.666 (2022 '. nel incoming resources of £80.981). The Trustees have reviewed the major risks faced by the Charity and have pul plans in place to mits.gate these risks. RESERVES POLICY The level of unrestricted reserves held at 31 August 2023 amount to £53.172. The strategy is to aim to have a sufficient level of funds lo supp1 the working capital requirements of the charity. The reserves will be allocated lo the supply of teaching training courses and spent as part of the SCITT'S plan to deliver its objectives. FUTURE DEVELOPMENTS The Charity plans to continue with teacher training across the northwest of England and has partnered with Ambition Institute to secure future growth. Ambilion Institute wll be responsible for the recommendation of QTS from September 2024 onwards and this SCITT is idenlffied as a 'le8d partnerf. PUBLIC BENEFIT We confirm that we have complied with our duty lo have due regard to the Chanty Commission's public benefit guidance when exerasing any powers or duties lo which the guidance is relevant MEMBERS. UABILITY The Members of the company guarantee to contr11le an amount not exceeding £10 to the assets of the charity in the event of wnding up. In preparing this report the Trustees have taken advantsge of the small companies exemptions provided by seth'on 415A of the Companies Act 2006. This report was approved by the Trustees on 29 May 2024 and signed on their behalf by.. I Siddall Trustee
FYLDE COAST SCITt LTD {A company limited by guarantee) TRUSTEES. RESPONSIBILITIES STATEMENT FOR THE YEAR ENDED 31 AUGUST2023 The Trustees (who are also diredors of Fylde Coast SCITh Ltd for the purposes of company law) are responsible for preparing the Trustees. report and the financial statements in accordance with applbcable law and United Kingdom Accounting Stsndards {Uniled Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees musl not approve the financial slalements unsS they are satisfied that they give a true and fair view of the slate of affairs of the charitable company and of the incoming resources and application of sources. induding the income and expendilure. of the charitable company for that period. In preparing these financial statements, the Trustees are required to-. select sultste accounting policies and then apply them eonsistenlly.. obseThe the methods and principles of Ihe Chariknes SORP 2019 IFRS 102),. make judgments and aeeounting estimates th* are reasonable and prudent: prepare the financial slatements on the going concern basis unless il is inappropriate lo presume that the ehantable company will continue in operation. The Trustees are responsible for keeping adequate accounting recor(Js that are sufficient to show and explain the charitable company's Iransaelions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure thal the financial statements comply with the Companies Act 2006. They are also responsible for safe9U8rding the assels of the charitable company and hence for taking reasonable steps for the prevention and delecb.on of fraud and other irregularities.
FYLDE COAST scirr LTD (A company limited by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2023 I report to the charity trustees on my examinakn.on of Ihe accounts of the company for the year ended 31 August 2023 which are set out on pages 7 to 16. Responslbllltles and ba$ls of report As the charity tnjstees of the company {and also tts directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance wth the requirements of the Companies Act 20061'the 2006 Acl'l- Having satisfied myself that the accounts of the company a not required to be auditeiy under Part 16 of the 2006 Act and are eligible for independent examinalion. I report in respect of my examinatson of your company's accounts as carried out under seCt)n 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Direcbons given by the Charity Commission under section 14515llb) of the 2011 Act. Independent examinerfs statement Since the company's gross income exeded £250.000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examinatK)n because l am member of ICAEW. which is one of the listed bodies. I have Completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect= accounting records were nol kept in respect of the company as required by section 386 of the 2006 Act.. or the accounts do not aord with those re¢d$. or the accounts do not comply wlh the accounting requirements of sectK)n 396 of the 2006 Act other than any requirement that the accounts give a 'tnJe and fair view, which is not a matter considered as part of an independent examination,. or the accounts have not been prepared in accordance with the methods and principles of the Stslement of Recommended Practice for accounting and reporb'ng by charities applicable lo charities preparing their accounts in accordance with the Finanual Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021. I have no concerns and have come across no other matters in connection wilh the examination lo which 8ttenlKJn should be drawn in this repcKi in order to enable a Proper understanding of the accounts lo be reached. NScola Mason FCA. OChA MHA Chartered Accountants Preston 29 May 2024
FYLDE COAST SCI LTD (A company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (incorporating an income and expenditure account) FOR THE YEAR ENDED 31 AUGUST2023 Restrlcted Unrestricted funds funds 2023 2023 Total fvnds 2023 Total funds 2022 Note INCOME FROM Charitable a¢ts'vities 258,956 2,425 261.381 358,184 TOTAL INCOME 258,956 2,425 261,381 358,184 EXPENDITURE ON Charitable activities 284.047 284,047 277,203 TOTAL EXPENDITURE 284.047 284.047 277,203 NET MOVEMENT IN FUNDS {25.0911 2,425 {22,6661 80,981 Tot81 funds at 1 September 2022 206.497 50.747 257.244 176.263 TOTAL FUNDS AT 31 AUGUST 2023 181.406 53.172 234.578 257.244 All activities relate lo continuing operations. Tre are no renised gains or k)sses other than shw.ng in the results for the year.
FYLDE COAST SCITh LTD Registered number.. 08058974 (A company limited by guarantee) BALANCE SHEET AS A T31 AUGUST2023 2023 2022 Note CURRENT ASSETS Debtors 12,693 Cash in hand 273.554 267.828 276.142 280.521 CREDITORS: amounts falling due within one year 41.564 CURRENT ASSEfsi{LIABILITIESI 234.578 257,244 CHARITY FUNDS Reslricled funds 181.406 2¢,497 Unrestricted funds 53.172 50.747 TOTAL FUNDSI{OEFICITI 234.578 257,244 The Tnjstees consider that the company is entrtled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 (Ihe Acfl and members have not required the company to obtain an audit for the year ended 31 August 2023 in accordance with section 476 of Ihe Acl. The Tnjstees acknovAedge their responsibilities for complying with the requirements of the Ael wtth respect to accounting records and for preparing finanual stslements which give a tnje and fair view of the slate of affairs of the company as at 31 August 2023 and of its nel incoming resources for the year in accordance with Ihe requirements of sections 394 and 395 of the Act and which otherwse comply with the requirements of the Act relating to financial statements. so far as appluble to the company. The financi81 statements have been prepared in accordance wtth the provisions applicable lo small companies within Part 15 of the Acl The financial ststements were approved by the Truslees on 29 May 2024 and signed on their behalf. by: I Siddall Trustee The notes on pages 10 to 16 fom part of these financial statements.
FYLDE COAST SCITh LTD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST2023 Statement of Cashflows 2023 2022 Nel lexpenditurevincome for the year 122.666) 80.981 {Increaselldecrease in debtors Increaselldecrease) in credtiors 10,105 112.5531 Net Cash inflow from operatlng activilles Totsl cash flow S.726 117.879) Cash and cash equivalents al 1 September 2022 267 828 285 707 Cash and cash equivalents at 31 August 2023 267 828
FYLDE COAST scirr LTD {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST2023 ACCOUNTING POLICIES The principal accounb'ng policies adopted. judgements and key sources of estimation uncertainty in the preparalion of the financial statements a as follows: 1.1 Basis of preparation of financial slatements The financial slalements have been prepared under the historical cost convenlion and in accordance wth Accounting and Reporting by Charrties.- Slalemenl of Recommended Practice applicable to charities preparing their accounts in accordance wrf(h the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021{effective October 20191- {Charities SORP IFRS 10211. the Financial ReF)Orting Standard applicable in the UK and the Republic of Ireland IFRS 10218nd the Companies Act 2006. Fylde Coast SCITT Lld meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised al historical cost or Iransaction value unless otherwise stated in the relevanl accounting policy note. 1.2 Preparalion of the accounts on a golng concern basis The trustees are required to assess whether the use of going concern is appropriate, ie whether there are any material uncertainties related to events or condits.ons that may ¢asl SnIfICant doubl on the ability of the charitable company to continue as a going eoncem. The Trustees make this assessment in respect of a peri(xY of at least one year from the date of authorisation of the accounts. The Trustees. along with the leaders of the charity. continue to review the activities and finances termly. At the date of approving these accounts the trustees have a reasonable expectatson that the eharity has sufficient cash resources lo enable rt lo meet its liabilities as they fall due for 81 least 12 months from the dale of approval. Thus the trustees continue to adopt the going concem basis of accounting in preparing the finawal statements. 1.3 Company status The company is a company limited by gu8rantee. In the event of the company being wound up. the liabilty in respect of the guarantee is limited to £10 per member of the company. 10-
FYLDE COAST SCITT LTD {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST2023 ACCOUNTING POUCIES (continued) 1.4 Fund accounting General funds a unrestricted funds which are 8vai18ble for use al the discli0n of the Trustees in furtherance of the general objectives of the company and whh have not been designated for other purposes. Reslricled funds are funds which are to be used in accordance with specific reslriclions imposed by donors or which have been raised by the company for pa'cUlar purposes. The costs of raising and administering suth funds are charged against the specific fvnd. 1.5 Incoming resources All incoming resources are included in the Statement of Financial Activities when the company has entillement lo Ihe funds and when likelihood of receipt and the amount can be measured with suffieienl reliability. 1.6 Resources expended Expenditure is accourbted for on an accruals basis and has included under expense categories that aggregate all costs for allocation lo activities. Where costs eannot be directly attributed to particular activities they have been allocated on a basis eonsistent with the use of the resources. Support costs are those costs inoJrred direcuy in support of expenditure on the objects of the company and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the c(Mnpany and compliance with conslilutional and ststutory requiremenls. 1.7 Income from charttable actlvltles Income comprises various Government grants receNed during the year and revenue recognised by the company in respect of semces supplied during the year. 1.8 Critical accounting estimates and areas of ludgement The Trustees do not nSider that there are any critical accounting estirnales or areas of judgement in these accounts. 11
FYLDE COAST scirr LTD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 INCOME FROM CHARITABLE ACTIVITIES Restrlcted Unrestrlcted funds funds 2023 2023 Total funds 2023 Total funds 2022 Initial leacher training Miscellaneous income 258.956 258.956 2,425 354,478 3,706 2.425 258.956 2.425 261,381 358,184 Income from charitable activities was £261,381 (2022 -. £358. 1841 of whieh £258,956 was restricted 2022 '. £354.4781 and £2.425 was unrestrtcled12022 = £3.706). EXPENDITURE ON CHARITABLE ACTMTIES Total 2023 Total 2022 Activities Payroll costs Professional fees Training costs Hosting costs Tr8vel expenses Meeting room hire and catering ci>sts Bank charges Insurance Advertising and promotion Teaching resources Sundry expenses Independent examin$ remuneratson 125,539 75.704 5.643 63.738 3.682 27 224 2.074 519 2,553 2,244 2.100 284.047 125,539 75.704 5,643 63.738 3.682 27 224 2.074 519 2,553 2.244 2.100 284.047 122,311 39,355 36,383 59,250 1,084 1.952 -171 2,271 3,746 7,213 1,759 1,708 277.203 Expenditure on charitable activities was £284,047 {2022 £277.203) of which £284.047 was restricted {2022 £275,711) and £Nil was unrestricted (2022 - £1.4921 12-
FYLDE COA (A compan.3" 4NCIAL STATEMENTS NOTES T DED 31 AUGUST2023 Jy guarantee) F RESOVRCES EXPENOED BY EXPENIXYURE TYPE Total 2023 Total 2022 Direct eosts 284.047 277.203 ANALYSIS OF RESOURCES EXPENDED BY ACTMTIES Total 2023 Tthal 2022 Supplying educaOrt related serv5 284.047 277,203 NET INCOME This is ststed after charging.. 2023 2022 Indepenrteni examinerfs remtmeration 2,11M) 1,708 During the year. no TW$e$ re¢erved any bers in nd12022- £Nill. During the year. no T¥ustees rerAved any remLTrnerat1(2O22- £Nill DEBTORS 2023 2022 Trade debtors Prèpaymenls and iYfA)me 1,058 11.637 2.400 12,693 13-
FYLDE COAST scirr LTD {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST2023 CREDITORS: Amounts falling due within one year 2023 2022 Other creditors Accruals and deferred income 3,289 38.275 10,639 12,638 41.564 23.277 Year ended 31 August 2023 Brought fonmard Incoming resources ResoUe$ expended Carried fopHard Restricted funds Initial teacher training {incs schCls Directl 206.497 258.956 (284.0471 181.406 Totsl restricted funds 206.497 258.956 284.047 181,406 Vnrestrieted funds General fund 50.747 2.425 53.172 Totsl of funds 257,244 261.381 284,047 234,578 Restricted funds Initial Teacher Training - Funds are received by the SCITT to train and develop future teachers in the local primary and secondary schools and academies. The funds carried forward will be used lo continue Ihis work in the following year. 14-
FYLDE COAST SCITT LTD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 Year ended 31 August 2022 Brought Incoming Resources Carried fonmard resources expended forward Restricted funds Initial teacher training lincs Schools Direct) 127.730 354,478 {275,7111 206,497 Totsl restricted funds 127.730 354.478 (275.7111 206,497 Unrestricted ndS 48.533 3,706 {1.4921 General fund 50,747 Total of funds 176,263 358.184 (277.2031 257,244 10. ANALYSIS OF NET ASSETS BETWEEN FUNDS Resthcted Unrestricted funds funds Total Total funds 2023 funds 2022 2023 2023 Current assets 222,970 (41,5641 53,172 276,142 280,521 141,564) 123,2771 Creditors due wthin one year 181,406 53.172 234.578 257.244 Total Year ended 31 August 2022 Resthcted Unrestricted funds funds Total funds 2021 funds 2022 2022 2022 Current assets 229.774 (23.277) 50.747 280.521 285.847 {23.2771 1109.5841 Creditors due wlhin one year 2{.497 50.747 257.244 176,263 15-
FYLDE COAST SCITT LTD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 11. RELATED PARTY TRANSACTIONS Due lo the nature of the SCITh's operations and the composttion of the Board of Trustees being drawn from local public sector organisalions. transactions may tske place with these organisations in which a Injstee has an interest. All Iransaclions involwng such organisations are conducted at ami's length and in 8c¢ordance with the SCITh's finanual regulations normal procuremenl procedures. The following related party transactions look place in the period of account.. The Blackpool Sixth Fomi College - {member of Fde Coast SCITT Ltd) provKled services wthin the year tolalling £86,01212022.. £108,637), relating to the provision of senior leadership, staffing, room hire and printing serwees. As at 31 August 2023, £1,014 was due to The Blackpool Sixth Form College 12022 £Nill. The Fylde Coast SCITT provided services within the year totalling £Nil 12022 £Nill to the Blackwol Sixlh Form College. Hodgson Academy - {member of Fylde Coast SCITh Ltd) Services totalling £10,770 12022 .. £27,880) were provided by Hodgson Academy mainly relating to the provision of staffing for the scirr programme, teacher training hosling and Course faalitation. As al 31 August 2023 £Nil {2022 .' £Nill was outstanding. 12. STAFF NOT DIRECTLY EMPLOYEO BY THE CHARITY The Fylde Coast SCITT does not have its own payroll systern as it would not be financially viable to do this. Salaries are calculated and paid by BSFC on a payroll bureau basis then recharged lo the SCITT. 16-