REGISTERED COMPANY NUMBER: 07591915 (England and Wales) REGISTERED CHARITY NUMBER: 1158624
Report of the Trustees and Financial Statements for the Year Ended 31 March 2025
for
Crescent Educational Trust Limited Trading as The Fig Tree
M Ahmed & Co Accountants Ltd Chartered Accountants 83 Park Road Chilwell Nottingham NG9 4DE
Crescent Educational Trust Limited Trading as The Fig Tree
Contents of the Financial Statements for the Year Ended 31 March 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 | to | 12 |
Crescent Educational Trust Limited Trading as The Fig Tree
Report of the Trustees for the Year Ended 31 March 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The principal activity of the charity is that of a school.
The DFES registration number is 8926013.
FINANCIAL REVIEW
Financial position
The financial position is shown in the Statement of Financial Activities. Total income of £427,379 (2024 - £370,100) was ahead of last year mainly due increases in fees and charges. Costs of £396,127 (2024 - £340,901) were also higher than last year due to inflationary pressures mainly on staff costs. Overall there was a surplus of £31,252 (2024 - £29,199) which has been retained in reserves for funding future revenue and capital expenditure.
Principal funding sources
The Charity does not have any endowments or investments.
The main sources of funds are grants from Nottingham City Council and local organisations, fees from students and donations from local residents and organisations.
Investment policy and objectives
The Charity has not been able to generate any reserves.
Reserves policy
Trustees are aware of the need to maintain reserves of around six months of regular expenditure but it has not been possible to generate such reserves at the moment.
Going concern
The Charity is wholly dependent on fees collected from students, grants from Nottingham City Council and local organisations and donations from local residents. It has small cumulative reserves. Inflationary pressures particularly on wages and utilities and the need to upkeep the old buildings will need to be carefully managed in the near future. The trustee directors believe that funds will be secured to continue to operate for the foreseeable future. Accordingly, the accounts have been prepared on a going concern basis.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity's governing document is the Memorandum and Articles incorporated on 5 April 2011 as amended by special resolution registered at Companies House on 30 August 2014.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07591915 (England and Wales)
Registered Charity number
1158624
Registered office
30 Bentinck Road Nottingham NG7 4AF
Trustees
Mr Atif Hussain Director & Teacher Ms Nusrat Parveen Director
Company Secretary
Ms Nusrat Parveen
Page 1
Crescent Educational Trust Limited Trading as The Fig Tree
Report of the Trustees for the Year Ended 31 March 2025
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
M Ahmed & Co Accountants Ltd Chartered Accountants 83 Park Road Chilwell Nottingham NG9 4DE
Approved by order of the board of trustees on 3 December 2025 and signed on its behalf by:
Mr Atif Hussain - Trustee
Page 2
Independent Examiner's Report to the Trustees of Crescent Educational Trust Limited
Independent examiner's report to the trustees of Crescent Educational Trust Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity's 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 charity'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
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, 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:
-
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 records; or
-
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
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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.
Maqbool Ahmed The Institute of Chartered Accountants in England and Wales
M Ahmed & Co Accountants Ltd Chartered Accountants 83 Park Road Chilwell Nottingham NG9 4DE
3 December 2025
Page 3
Crescent Educational Trust Limited Trading as The Fig Tree
Statement of Financial Activities for the Year Ended 31 March 2025
| 31.3.25 | 31.3.24 | ||
|---|---|---|---|
| Unrestricted | |||
| fund | Total funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 171,338 | 161,560 | |
| Charitable activities | |||
| Fees | 253,326 | 206,902 | |
| Other trading activities | 2 | 2,710 | 1,635 |
| Investment income | 3 | 5 | 3 |
| Total | 427,379 | 370,100 | |
| EXPENDITURE ON | |||
| Charitable activities | |||
| Educational activities | 387,652 | 334,750 | |
| Other | 8,475 | 6,151 | |
| Total | 396,127 | 340,901 | |
| NET INCOME | 31,252 | 29,199 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 43,918 | 14,719 | |
| TOTAL FUNDS CARRIED FORWARD | 75,170 | 43,918 |
The notes form part of these financial statements
Page 4
Crescent Educational Trust Limited Trading as The Fig Tree
Balance Sheet 31 March 2025
| 31.3.25 | 31.3.24 | ||
|---|---|---|---|
| Unrestricted | |||
| fund | Total funds | ||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 10 | 7,273 | 3,452 |
| CURRENT ASSETS | |||
| Cash at bank | 73,544 | 51,402 | |
| CREDITORS | |||
| Amounts falling due within one year | 11 |
(5,647) | (10,936) |
| NET CURRENT ASSETS | 67,897 | 40,466 | |
| TOTAL ASSETS LESS CURRENT | LIABILITIES | 75,170 | 43,918 |
| NET ASSETS | 75,170 | 43,918 | |
| FUNDS | 12 | ||
| Unrestricted funds | 75,170 | 43,918 | |
| TOTAL FUNDS | 75,170 | 43,918 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 3 December 2025 and were signed on its behalf by:
Mr Atif Hussain - Trustee
The notes form part of these financial statements
Page 5
Crescent Educational Trust Limited Trading as The Fig Tree
Notes to the Financial Statements for the Year Ended 31 March 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit 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 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. OTHER TRADING ACTIVITIES
| 31.3.25 | 31.3.24 | |
|---|---|---|
| £ | £ | |
| Rents | 2,710 | 1,635 |
Page 6
continued...
Crescent Educational Trust Limited Trading as The Fig Tree
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
3. INVESTMENT INCOME
4.
| INVESTMENT INCOME | ||
|---|---|---|
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| Deposit account interest | 5 | 3 |
| NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | ||
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| Depreciation - owned assets | 2,424 | 1,150 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
7.
| Teachers and general staff No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Fees Other trading activities Investment income Total EXPENDITURE ON Charitable activities Educational activities Other Total NET INCOME |
31.3.25 31.3.24 13 13 Unrestricted fund £ 161,560 206,902 1,635 3 370,100 334,750 6,151 340,901 29,199 |
31.3.25 31.3.24 13 13 Unrestricted fund £ 161,560 206,902 1,635 3 370,100 334,750 6,151 340,901 29,199 |
|---|---|---|
| 370,100 | ||
| 334,750 6,151 |
||
| 340,901 | ||
| 29,199 |
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continued...
Crescent Educational Trust Limited Trading as The Fig Tree
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 14,719 |
| TOTAL FUNDS CARRIED FORWARD | 43,918 |
8. GOING CONCERN
The Charity is wholly dependent on fees collected from students, grants from Nottingham City Council and local organisations and donations from local residents. It has small cumulative reserves. Inflationary pressures particularly on wages and utilities and the need to upkeep the old buildings will need to be carefully managed in the near future. The trustee directors believe that funds will be secured to continue to operate for the foreseeable future. Accordingly, the accounts have been prepared on a going concern basis.
9. GRANTS RECEIVED
10.
| 2025 | 2024 | 2024 | ||
|---|---|---|---|---|
| £ | £ | |||
| Nottingham City Council | 129,310 | 109,993 | ||
| Muslim Hands | 17,000 | 0 | ||
| University of Nottingham | 500 | 0 | ||
| 146,810 | 109,993 | |||
| TANGIBLE FIXED ASSETS COST At 1 April 2024 Additions Disposals At 31 March 2025 DEPRECIATION At 1 April 2024 Charge for year At 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 |
Fixtures and fittings £ 30,991 3,940 (11) 34,920 27,539 1,845 29,384 5,536 3,452 |
Computer equipment £ - 2,316 - 2,316 - 579 579 1,737 - |
Totals £ 30,991 6,256 (11) 37,236 27,539 2,424 29,963 7,273 3,452 |
Page 8
continued...
Crescent Educational Trust Limited Trading as The Fig Tree
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.3.25 | 31.3.24 | |||
|---|---|---|---|---|
| £ | £ | |||
| Trade creditors | 229 | - | ||
| Social security and other taxes | 2,014 | 1,510 | ||
| VAT | 2,099 | - | ||
| Other creditors | - | 8,376 | ||
| Accrued expenses | 1,305 | 1,050 | ||
| 5,647 | 10,936 | |||
| 12. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | ||||
| At 1.4.24 | in funds | At 31.3.25 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 43,918 | 31,252 | 75,170 | |
| TOTAL FUNDS | 43,918 | 31,252 | 75,170 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 427,379 | (396,127) | 31,252 | |
| TOTAL FUNDS | 427,379 | (396,127) | 31,252 | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | ||||
| At 1.4.23 | in funds | At 31.3.24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 14,719 | 29,199 | 43,918 | |
| TOTAL FUNDS | 14,719 | 29,199 | 43,918 | |
| Comparative net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 370,100 | (340,901) | 29,199 | |
| TOTAL FUNDS | 370,100 | (340,901) | 29,199 |
Page 9
continued...
Crescent Educational Trust Limited Trading as The Fig Tree
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
12. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net movement At 1.4.23 in funds At £ £ Unrestricted funds General fund 14,719 60,451 TOTAL FUNDS 14,719 60,451 |
31.3.25 £ 75,170 |
|---|---|
| 75,170 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 797,479 | (737,028) | 60,451 |
| TOTAL FUNDS | 797,479 | (737,028) | 60,451 |
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
Page 10
Crescent Educational Trust Limited Trading as The Fig Tree
Detailed Statement of Financial Activities for the Year Ended 31 March 2025
| INCOME AND ENDOWMENTS Donations and legacies Donations Grants Other trading activities Rents Investment income Deposit account interest Charitable activities Fees Total incoming resources EXPENDITURE Charitable activities Wages and salaries Social security Pensions Rates and water Light and heat Telephone Books and stationery Repairs and maintenance Uniforms Student welfare Refuse and cleaning Legal & professional Training and consultancy Licences and subscriptions Events and activities Travel IT and software Support costs Management Advertising Finance Accountancy Bank charges |
31.3.25 £ 24,528 146,810 171,338 2,710 5 253,326 427,379 283,453 5,610 6,665 9,490 19,829 1,379 7,540 14,505 3,731 9,958 2,981 7,370 1,103 7,168 3,251 - 3,619 387,652 - 2,024 - 2,024 |
31.3.24 £ 51,567 109,993 |
|---|---|---|
| 161,560 1,635 3 206,902 |
||
| 370,100 237,017 7,027 5,365 10,117 28,764 1,314 8,968 13,315 - 6,552 1,346 4,978 105 5,570 4,146 166 - |
||
| 334,750 107 1,650 240 |
||
| 1,890 |
This page does not form part of the statutory financial statements
Page 11
Crescent Educational Trust Limited Trading as The Fig Tree
Detailed Statement of Financial Activities for the Year Ended 31 March 2025
| Finance Other Insurance Depreciation Total resources expended Net income |
31.3.25 £ 4,027 2,424 6,451 396,127 31,252 |
31.3.24 £ 3,004 1,150 |
|---|---|---|
| 4,154 | ||
| 340,901 | ||
| 29,199 |
This page does not form part of the statutory financial statements
Page 12