Docusign Envelope ID: 7D986D2C-2F12-8ECD-8169-C4C4587285A7 **Charity number: 1158621** ## **Fylde Coast SCITT Ltd** Registered number: 08058974 ## **Trustees’ report and financial statements** **For the year ended 31 August 2025** Docusign Envelope ID: 7D986D2C-2F12-8ECD-8169-C4C4587285A7 ## **FYLDE COAST SCITT LTD (A company limited by guarantee)** ## **CONTENTS** ||Page| |---|---| |**Reference and administrative details of the charity, its trustees and advisers**|1| |**Trustees' report**|2 – 4| |**Trustees' responsibilities statement**|5| |**Independent examiner's report**|6| |**Statement of financial activities**|7| |**Balance sheet**|8| |**Statement of Cash Flows**|9| |**Notes to the financial statements**|10 - 16| Docusign Envelope ID: 7D986D2C-2F12-8ECD-8169-C4C4587285A7 ## **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 2025**_ ## **Trustees** John Ashton Peter Ashworth (Appointed 1 October 2024) Simon Eccles (Appointed 1 September 2024) Jill Gray Dean Logan (Appointed 1 October 2024) Neil Oldham (Appointed 2 September 2024) John Pendlebury (Appointed 23 September 2024) Iain Siddall John Topping (Appointed 23 September 2024) Holly Wood ## **Company registered number** 08058974 ## **Charity registered number** 1158621 ## **Registered office** The Blackpool Sixth Form College, Blackpool Old Road, Blackpool, FY3 7LR ## **Company secretary** Mr Simon Stott ## **Independent Examiner** Nicola Mason FCA, DChA - 1 - Docusign Envelope ID: 7D986D2C-2F12-8ECD-8169-C4C4587285A7 ## **FYLDE COAST SCITT LTD (A company limited by guarantee)** ## **TRUSTEES' REPORT** _**FOR THE YEAR ENDED 31 AUGUST 2025**_ The Trustees (who are also directors of the charity for the purposes of the Companies Act) present their annual report together with the financial statements of Fylde Coast SCITT Ltd (the company) for the year ended 31 August 2025. The Trustees confirm that the annual report and financial statements of the company comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)(effective 1 October 2019). ## **Structure, governance and management** ## **a. CONSTITUTION** The company (number 08058974) is constituted under its Memorandum and Articles of Association and is a registered charity (number 1158621). The company is registered as a charitable company limited by guarantee and the company obtained charitable status on 18 September 2014. The company changed it’s name from Fylde Coast Teaching School Limited to Fylde Coast SCITT Ltd on 2[nd] March 2021. The principal object of the company is to provide such charitable purposes as the directors in their absolute discretion think fit including, but not limited to, the advancement of education for the public benefit in the United Kingdom, in particular but without prejudice to the generality of the foregoing by (i) supplying education related services and facilities to schools, colleges, local authorities, children, young people, adult learners, companies, corporations, trusts, associations and institutions (ii) providing school improvement and related services to schools, colleges, local authorities, companies, corporations, trusts, associations and institutions. ## **b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES** The management of the company is the responsibility of the trustees who are appointed under the terms of the Articles of Association. ## **c. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES** No formal policy has been adopted, however, the induction and training of trustees can and does include the following: Each trustee receives governance training within their own organisation. Each of the trustees is required to attend a strategic development event where training on procedures, policies and on the current developments and plans of the charity 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 Trustees is responsible for setting the strategic direction of the organisation and holding the Chief Executive to account. The Board of Governors is made up of principals/headteachers of primary and secondary organisations. This group makes operational decisions for the SCITT and provides focus on its priority areas. Decisions on the priority 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 recruit and host the trainee teachers for their training. - 2 - Docusign Envelope ID: 7D986D2C-2F12-8ECD-8169-C4C4587285A7 ## **FYLDE COAST SCITT LTD (A company limited by guarantee)** ## **TRUSTEES' REPORT** _**FOR THE YEAR ENDED 31 AUGUST 2025**_ This group identifies actions required by the SCITT and this informs the operational decisions made by governors. ## **e. RELATED PARTY RELATIONSHIPS** Due to the nature of the SCITT’s operations and the Board of Trustees being drawn from local public sector organisations, transactions may take place with organisations in which a trustee has an interest. All transactions involving such organisations are conducted at arm’s length and in accordance with the SCITT’s financial regulations and normal procurement procedures. ## **Objectives and Activities** ## **a. POLICIES AND OBJECTIVES** ## **Reserves policy** The reserves policy is included in the Financial Review section below. ## **Investment policy** Apart from retaining a prudent amount of reserves each year most of the charity’s funds are 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 activities/services: - Outstanding teacher training programmes across a range of age ranges and phases - A flow of well-qualified and well-prepared teachers for an Education Investment Area - Training and professional development for subject and phase mentors - Partnering and networking across the region to enhance school improvement - Aftercare service for SCITT graduates to improve teacher retention ## **Achievements and performance** ## **a. GOING CONCERN** Fylde Coast SCITT has continued to produce high quality teachers for the northwest region since the last report. Considering the expansion to include the hub in Liverpool, and working in partnership with Northern Schools Trust, the marketing name of the SCITT has been changed to North West SCITT. This better reflects the location of the organisation and supports marketing. This change was made with approval from the Department for Education in August 2023 and a new accreditation certificate was issued. The company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies. ## **b. REVIEW OF ACTIVITIES** The Trustees review the Charity’s aims, objectives and activities on a regular basis. The review looks at the practical aspects of delivering the various programmes and considers the achievements and outcomes of the work carried out. The successes of each of the activities and the benefits brought to the specific targeted groups of people are considered. - 3 - Docusign Envelope ID: 7D986D2C-2F12-8ECD-8169-C4C4587285A7 ## **FYLDE COAST SCITT LTD (A company limited by guarantee)** ## **TRUSTEES' REPORT** _**FOR THE YEAR ENDED 31 AUGUST 2025**_ These regular reviews help the Trustees to remain focused and ensure that the aims, objectives and activities are being carried out and achieved. ## **c. FACTORS RELEVANT TO ACHIEVE OBJECTIVES** The level of activities of the Charity is largely dictated by the number of candidates who are recruited to each programme and on the conditions placed on the funding. This funding is received from the Department for Education who may dictate how the funds should be used and within a specific time scale in line with the Annex G agreement. The Fylde Coast SCITT continues to optimise relationships between schools with the aim of maximising educational and employment opportunities for young people. ## **Financial review** The financial statements show net outgoing resources for the year of £140,712 (2024 : net outgoing resources of £21,279). The Trustees have reviewed the major risks faced by the Charity and have put plans in place to mitigate these risks. ## **RESERVES POLICY** The level of unrestricted reserves held at 31 August 2025 amount to £64,349. The strategy is to aim to have a sufficient level of funds to support the working capital requirements of the charity. The reserves will be allocated to 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. Its partnership with Ambition Institute secured its short term future and has been responsible for accrediting trainees in 2025 and will be in 2026. This partnership is to change from September 2026 with new partners having been identified that improves the financial viability of the charity moving forwards. ## **PUBLIC BENEFIT** We confirm that we have complied with our duty to have due regard to the Charity Commission’s public benefit guidance when exercising any powers or duties to which the guidance is relevant ## **MEMBERS' LIABILITY** The Members of the company guarantee to contribute an amount not exceeding £10 to the assets of the charity in the event of winding up. In preparing this report the Trustees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006. This report was approved by the Trustees on and signed on their behalf by: **I Siddall** Trustee May 21, 2026 - 4 - Docusign Envelope ID: 7D986D2C-2F12-8ECD-8169-C4C4587285A7 ## **FYLDE COAST SCITT LTD (A company limited by guarantee)** ## **TRUSTEES' RESPONSIBILITIES STATEMENT** _**FOR THE YEAR ENDED 31 AUGUST 2025**_ The Trustees (who are also directors of Fylde Coast SCITT Ltd for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles of the Charities SORP 2019 (FRS 102); - make judgments and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. - 5 - Docusign Envelope ID: 7D986D2C-2F12-8ECD-8169-C4C4587285A7 ## **FYLDE COAST SCITT LTD (A company limited by guarantee)** ## **INDEPENDENT EXAMINER'S REPORT** _**FOR THE YEAR ENDED 31 AUGUST 2025**_ I report to the charity trustees on my examination of the accounts of the company for the year ended 31 August 2025 which are set out on pages 7 to 16. ## **Responsibilities and basis of report** As the charity trustees of the company (and also its directors for the purposes of company 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 company’s 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 the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** 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: 1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. **Nicola Mason FCA, DChA MHA Chartered Accountants Preston** - 6 - Docusign Envelope ID: 7D986D2C-2F12-8ECD-8169-C4C4587285A7 ## **FYLDE COAST SCITT LTD (A company limited by guarantee)** ## **STATEMENT OF FINANCIAL ACTIVITIES** _**(incorporating an income and expenditure account) FOR THE YEAR ENDED 31 AUGUST 2025**_ |**Note**
**INCOME FROM**
Charitable activities
**2**
**TOTAL INCOME**
**EXPENDITURE ON**
Charitable activities
**3**
**TOTAL EXPENDITURE**
**4**
**NET MOVEMENT IN FUNDS**
Total funds at 1 September 2024
**TOTAL FUNDS AT 31 AUGUST 2025**|**Restricted**
**funds**
**Unrestricted**
**funds**
**Total**
**funds**
**Total**
**funds**
**2025**
**£**
**2025**
**£**
**2025**
**£**
**2024**
**£**
186,181
175
186,356
256,878| |---|---| ||186,181
175
186,356
256,878| ||| ||327,068
-
327,068
278,157| ||327,068
-
327,068
278,157| ||(140,887)
175
(140,712)
(21,279)
149,125
64,174
213,299
234,578
8,238
64,349
72,587 213,299| All activities relate to continuing operations. There are no recognised gains or losses other than showing in the results for the year. - 7 - Docusign Envelope ID: 7D986D2C-2F12-8ECD-8169-C4C4587285A7 ## **FYLDE COAST SCITT LTD** Registered number: 08058974 **(A company limited by guarantee)** ## **BALANCE SHEET** _**AS AT 31 AUGUST 2025**_ |**Note**
**CURRENT ASSETS**
Debtors
**7**
Cash in hand
**CREDITORS:**amounts falling due within
one year
**8**
**NET CURRENT ASSETS/(LIABILITIES)**
**CHARITY FUNDS**
Restricted funds
**9**
Unrestricted funds
**9**
**TOTAL FUNDS/(DEFICIT)**|**£**
2,313
87,700|**2025**
**£**|**£**
250
259,482|**2024**
**£**| |---|---|---|---|---| ||90,013
(17,426)||259,732
(46,433)|| |||||| |||||234,578
149,125
64,174
213,299| The Trustees consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 (“the Act”) and members have not required the company to obtain an audit for the year ended 31 August 2024 in accordance with section 476 of the Act. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 August 2025 and of its net incoming resources for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to the company. The financial statements have been prepared in accordance with the provisions applicable to small companies within Part 15 of the Act . The financial statements were approved by the Trustees on and signed on their behalf, by: May 21, 2026 **I Siddall** Trustee The notes on pages 10 to 16 form part of these financial statements. - 8 - Docusign Envelope ID: 7D986D2C-2F12-8ECD-8169-C4C4587285A7 ## **FYLDE COAST SCITT LTD (A company limited by guarantee)** ## **STATEMENT OF CASHFLOWS** _**FOR THE YEAR ENDED 31 AUGUST 2025**_ |Net (expenditure)/income for the year
(Increase)/decrease in debtors
Increase/(decrease) in creditors
**Net cash inflow from operating activities**
**Total cash flow**
Cash and cash equivalents at 1 September 2024
**Cash and cash equivalents at 31 August 2025**|**2024**
**£**
(140,712)

(2,063)
(29,007)
171,782)
(171,782)
259,482
87,700|**2024**
**£**
(21,279)
2,338
4,869
7,207
(14.072)
273,554
259,482| |---|---|---| - 9 - Docusign Envelope ID: 7D986D2C-2F12-8ECD-8169-C4C4587285A7 ## **FYLDE COAST SCITT LTD (A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 AUGUST 2025**_ ## **1. ACCOUNTING POLICIES** The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: ## **1.1 Basis of preparation of financial statements** The financial statements have been prepared under the historical cost convention and in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)(effective October 2019) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) and the Companies Act 2006. Fylde Coast SCITT Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note. ## **1.2 Preparation of the accounts on a going 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 conditions that may cast significant doubt on the ability of the charitable company to continue as a going concern. The Trustees make this assessment in respect of a period 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 are aware of the financial position of the charity and are making plans to ensure it meets its liabilities. Changes are being made to accrediting partners to ensure that charity does not only support these liabilities but is able to grow in the near future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.3 Company status** The company is a company limited by guarantee. In the event of the company being wound up, the liability in respect of the guarantee is limited to £10 per member of the company. - 10 - Docusign Envelope ID: 7D986D2C-2F12-8ECD-8169-C4C4587285A7 ## **FYLDE COAST SCITT LTD (A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 AUGUST 2025**_ ## **1. ACCOUNTING POLICIES (continued)** ## **1.4 Fund accounting** General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. ## **1.5 Incoming resources** All incoming resources are included in the Statement of Financial Activities when the company has entitlement to the funds and when likelihood of receipt and the amount can be measured with sufficient reliability. ## **1.6 Resources expended** Expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources. Support costs are those costs incurred directly 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 company and compliance with constitutional and statutory requirements. ## **1.7 Income from charitable activities** Income comprises various Government grants received during the year and revenue recognised by the company in respect of services supplied during the year. ## **1.8 Critical accounting estimates and areas of judgement** The Trustees do not consider that there are any critical accounting estimates or areas of judgement in these accounts. - 11 - Docusign Envelope ID: 7D986D2C-2F12-8ECD-8169-C4C4587285A7 ## **FYLDE COAST SCITT LTD (A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 AUGUST 2025**_ ## **2. INCOME FROM CHARITABLE ACTIVITIES** |Initial teacher training
Miscellaneous income|**Restricted**
**funds**
**Unrestricted**
**funds**
**Total**
**funds**
**Total**
**funds**
**2025**
**£**
**2025**
**£**
**2025**
**£**
**2024**
**£**
186,181
-
186,181
245,876
-
175
175
11,002
186,181
175
186,356
256,878| |---|---| Income from charitable activities was £186,356 (2024 : £256,878) of which £186,181 was restricted (2024 : £245,876) and £175 was unrestricted (2024 : £11,002). ## **3. EXPENDITURE ON CHARITABLE ACTIVITIES** |Payroll costs
Professional fees
Training costs
Hosting costs
Office rental
Travel expenses
Meeting room hire and catering costs
Bank charges
Insurance
Advertising and promotion
Teaching resources
Sundry expenses
Independent examiner’s remuneration|**Activities**
**Total**
**2025**
**Total**
**2024**
**£**
**£**
**£**
210,717
210,717
169,495
260
260
19,522
270
270
2,274
89,274
89,274
71,788
20,150
20,150
-
1,712
1,712
1,799
377
377
287
22
22
173
740
740
2,203
-
-
3,364
-
-
2,672
1,056
1,056
2,051
2,490
2,490
2,529
327,068
327,068
278,157| |---|---| Expenditure on charitable activities was £327,068 (2024 : £278,157) of which £327,068 was restricted (2024 : £278,157) and £Nil was unrestricted (2024 : £Nil) - 12 - Docusign Envelope ID: 7D986D2C-2F12-8ECD-8169-C4C4587285A7 ## **FYLDE COAST SCITT LTD (A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 AUGUST 2025**_ |**4.**
**ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE**
Direct costs
**5.**
**ANALYSIS OF RESOURCES EXPENDED BY ACTIVITIES**
Supplying education related services
**6.**
**NET INCOME**
This is stated after charging:
Independent examiner's remuneration
During the year, no Trustees received any benefits in kind (2024 - £Nil).
During the year, no Trustees received any remuneration (2024 - £Nil)
**7.**
**DEBTORS**||**Total**
**Total**
**2025**
**£**
**2024**
**£**
327,068
278,157| |---|---|---| |||**Total**
**Total**
**2025**
**£**
**2024**
**£**
327,068
278,157
**2025**
**2024**
**£**
**£**
2,615
2,529| |||| |||| |Trade debtors
Prepayments and accrued income|**2025**
**2024**
**£**
**£**
834
250
1,479
-
2,313
250| |---|---| - 13 - Docusign Envelope ID: 7D986D2C-2F12-8ECD-8169-C4C4587285A7 ## **FYLDE COAST SCITT LTD (A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 AUGUST 2025**_ ## **8. CREDITORS: Amounts falling due within one year** ## **9.** |Other creditors
Accruals and deferred income
**Year ended 31 August 2025**
**Restricted funds**
Initial teacher training (incs Schools Direct)
Total restricted funds
**Unrestricted funds**
General fund
Total of funds|**2025**
**2024**
**£**
**£**
15,247
37,055
2,179
9,378
17,426
46,433
**Brought**
**Incoming**
**Resources**
**Carried**
**forward**
**resources**
**expended**
**forward**
**£**
**£**
**£**
**£**
149,125
186,181
(327,068)
8,238
149,125
186,181
(327,068)
8,238
64,174
175
-
64,349
213,299
186,356
(327,068)
72,587| |---|---| ## **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 to continue this work in the following year. - 14 - Docusign Envelope ID: 7D986D2C-2F12-8ECD-8169-C4C4587285A7 ## **FYLDE COAST SCITT LTD (A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 AUGUST 2025**_ ||**Year ended 31 August 2024**||**Brought**|**Brought**|**Incoming**|**Resources**|**Carried**| |---|---|---|---|---|---|---|---| ||||**forward**||**resources**|**expended**|**forward**| ||||**£**||**£**|**£**|**£**| ||**Restricted funds**||||||| ||Initial teacher training (incs Schools Direct)||181,406||245,876|(278,157)|149,125| ||Total restricted funds||181,406||245,876|(278,157)|149,125| ||**Unrestricted funds**||||||| ||General fund||53,172||11,002|-|64,174| ||Total of funds||234,578||256,878|(278,157)|213,299| |**10.**|**ANALYSIS OF NET ASSETS BETWEEN FUNDS**||||||| |||**Restricted**||**Unrestricted**||**Total**|**Total**| ||||**funds**||**funds**|**funds**|**funds**| ||||**2025**||**2025**|**2025**|**2024**| ||||**£**||**£**|**£**|**£**| ||Current assets||25,664||64,349|90,013|259,732| ||Creditors due within one year||(17,426)||-|(17,426)|(46,433)| ||||8,238||64,349|72,587|213,299| ||**Year ended 31 August 2023**|**Restricted**
**funds**||**Unrestricted**
**funds**||**Total**
**funds**|**Total**
**funds**| ||||**2024**||**2024**|**2024**|**2023**| ||||**£**||**£**|**£**|**£**| ||Current assets||195,558||64,174|259,732|276,142| ||Creditors due within one year||(46,433)||-|(46,433)|(41,564)| ||||149,125||64,174|213,299|234,578| - 15 - Docusign Envelope ID: 7D986D2C-2F12-8ECD-8169-C4C4587285A7 ## **FYLDE COAST SCITT LTD (A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 AUGUST 2025**_ ## **11. RELATED PARTY TRANSACTIONS** Due to the nature of the SCITT’s operations and the composition of the Board of Trustees being drawn from local public sector organisations, transactions may take place with these organisations in which a trustee has an interest. All transactions involving such organisations are conducted at arm’s length and in accordance with the SCITT’s financial regulations and normal procurement procedures. The following related party transactions took place in the period of account: The Blackpool Sixth Form College – (member of Fylde Coast SCITT Ltd) provided services within the year totalling £31,235 (2024: £122,526), relating to the provision of senior leadership, staffing, room hire and printing services. As at 31 August 2025, £4,000 was due to The Blackpool Sixth Form College (2024 : £21,160). The Fylde Coast SCITT provided services within the year totalling £Nil (2024 : £Nil) to the Blackpool Sixth Form College. Hodgson Academy – (member of Fylde Coast SCITT Ltd) Services totalling £46,403 (2024 : £33,255) were provided by Hodgson Academy mainly relating to the provision of staffing for the SCITT programme, teacher training hosting and course facilitation. As at 31 August 2025 £Nil (2024 : £575) was outstanding. ## **12. STAFF NOT DIRECTLY EMPLOYED BY THE CHARITY** The Fylde Coast SCITT does not have its own payroll system as it would not be financially viable to do this. Salaries are calculated and paid by BSFC on a payroll bureau basis then recharged to the SCITT. - 16 - Docusign Envelope ID: 7D986D2C-2F12-8ECD-8169-C4C4587285A7 ## **Fylde Coast SCITT Ltd** Registered office address: The Blackpool Sixth Form College Blackpool Old Road Blackpool Lancashire FY3 7LR Company number: 08058974 Place of incorporation: England & Wales MHA Richard House 9 Winckley Square Preston PR1 3HP Dear Sirs ## **Financial statements for the year ended 31 August 2025** We confirm that the following representations are made on the basis of enquiries of management and staff with relevant knowledge and experience such as we consider necessary in connection with your independent examination of the charitable company’s financial statements for the year ended 31 August 2025. These enquiries have included inspection of supporting documentation where appropriate and are sufficient to satisfy ourselves that we can make each of the following representations. All representations are made to the best of our knowledge and belief. - 1 We acknowledge that the work performed by you is substantially less in scope than an audit performed in accordance with International Standards on Auditing (UK and Ireland) and that you do not express an audit opinion. - 2 We confirm that the charitable company qualifies as small in accordance with the conditions set out in chapter 1 of part 15 of the Companies Act 2006. - 3 We confirm that the charitable company was entitled to exemption under section 144 of the Charities Act 2011 the requirement to have its financial statements for the financial year ended 31 August 2024 audited. We also confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476 of the Companies Act 2006. - 4 We have fulfilled our responsibilities as directors / trustees as set out in the terms of your engagement letter dated 9 May 2025, under the Companies Act 2006 for preparing financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), for being satisfied that they give a true and fair view and for making accurate representations to you. - 5 All the transactions undertaken by the charitable company have been properly reflected and recorded in the accounting records. - 6 All the accounting records have been made available to you for the purpose of your independent examination. We have provided you with unrestricted access to all appropriate persons within the charitable company, and with all other records and related information requested, including minutes of all management and trustee meetings and correspondence with The Charity Commission. - 7 The financial statements are free of material misstatements, including omissions. Docusign Envelope ID: 7D986D2C-2F12-8ECD-8169-C4C4587285A7 Page 2 - 8 We have disclosed to you all known instances of non-compliance or suspected non-compliance with laws and regulations whose effects should be considered when preparing the financial statements. - 9 We have disclosed to you all claims in connection with litigation that have been, or are expected to be received and such matters, as appropriate, have been properly accounted for and disclosed in the financial statements. - 10 There were no contingent liabilities at the balance sheet date. - 11 Related party relationships and transactions have been appropriately accounted for and disclosed in the financial statements. We have disclosed to you all relevant information concerning such relationships and transactions and are not aware of any other matters which require disclosure in order to comply with legislative and accounting standards requirements. - 12 The company has at no time during the year entered into any arrangement, transaction or agreement to provide credit facilities (including loans, quasi loans or credit transactions) for directors, nor to guarantee or provide security for such matters, except as disclosed in the financial statements. - 13 We believe that the charitable company’s financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the charitable company’s needs. We have considered a period of twelve months from the date of approval of the financial statements. - 14 All events subsequent to the date of the financial statements which require adjustment or disclosure have been properly accounted for and disclosed. - 15 All grants, donations and other income, the receipt of which is subject to specific terms or conditions, have been notified to you. There have been no breaches of terms or conditions in the application of such income. Yours faithfully ………………………………………… Trustee On behalf of the board of trustees May 21, 2026 Date …………………………………