Charity number: 1166487
## Highgate Academy Birmingham
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 December 2020
Highgate Academy Birmingham Contents Page For the year ended 31 December 2020
|Report of the Trustees|1|
|---|---|
|Independent Examiner's Report to the Trustees|2|
|Statement of Financial Activities|3|
|Statement of Financial Position|4|
|Notes to the Financial Statements|5 to 6|
|Detailed Statement of Financial Activities|7|
Highgate Academy Birmingham Report of the Trustees
For the year ended 31 December 2020
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 December 2020. 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 the Republic of Ireland (FRS 102) (effective 1 January 2015).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
## **REFERENCE AND ADMINISTRATIVE INFORMATION**
**Name of Charity** Highgate Academy Birmingham **Charity registration number** 1166487 **Principal address** 221 Edward Road Birmingham B12 9LB
## **Trustees**
The trustees and officers serving during the year and since the year end were as follows:
Mr Gulam Rabbani Mr Zaheer Mahmood Sayeeda Rabbani **Independent examiners** Naseems Chartered Certified Accountants 104 Stoney Lane Sparkbrook Birmingham B12 8AF **Bankers** Barclays Bank Plc 449 Stratford Road Birmingham West Midlands B11 4LD
Approved by the Board of Trustees and signed on its behalf by
............................................................................. 24 August 2021 Mr Gulam Rabbani
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## Highgate Academy Birmingham Independent Examiners Report to the Trustees
For the year ended 31 December 2020
I report to the trustees on my examination of the accounts of the charity for the year ended 31 December 2020.
## **Responsibilities and basis of report**
As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity’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 examiners 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 Charity as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Naseems Chartered Certified Accountants 104 Stoney Lane Sparkbrook Birmingham B12 8AF
24 August 2021
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## Highgate Academy Birmingham Statement of Financial Activities
## For the year ended 31 December 2020
|**Notes**
**Income and endowments from:**
Donations and legacies
2
Charitable activities
School Fees
**Total**
**Expenditure on:**
Charitable activities
Charitable activities
Governance costs
**Total**
**Net expenditure**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
46,428
63,853
**110,281**
(181,224)
(35,174)
**(216,398)**
**(106,117)**
(290,878)
**(396,995)**|**2019**
**£**
-
24,879|
|---|---|---|
|||**24,879**|
|||(145,420)
(15,789)|
|||**(161,209)**|
|||**(136,330)**
(154,549)|
|||**(290,879)**|
3 of 7
Highgate Academy Birmingham Statement of Financial Position As at 31 December 2020
||**Notes**|**2020**|**2019**|
|---|---|---|---|
|||**£**|**£**|
|**Fixed assets**||||
|Tangible assets|3|558,025|553,446|
|||**558,025**|**553,446**|
|**Current assets**||||
|Cash at bank and in hand||12,013|3,006|
|||**12,013**|**3,006**|
|**Creditors: amounts falling due within one year**||(10,063)|(4,804)|
|**Net current assets**||**1,950**|**(1,798)**|
|**Total assets less current liabilities**||**559,975**|**551,648**|
|**Creditors: amounts falling due after more than one year**||(956,970)|(842,527)|
|**Net assets**||**(396,995)**|**(290,879)**|
|**The funds of the charity**||||
|Unrestricted income funds||(396,995)|(290,879)|
|**Total funds**||**(396,995)**|**(290,879)**|
The financial statement were approved and authorised for issue by the Board and signed on its behalf by:
Mr Gulam Rabbani Trustee
24 August 2021
4 of 7
Highgate Academy Birmingham Notes to the Financial Statements
For the year ended 31 December 2020
## **1. Accounting Policies**
## **Basis of accounting**
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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 2015)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011.
Highgate Academy Birmingham 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(s).
## **Funds**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Designated funds are unrestricted funds which have been set aside to fund particular future activities.
There were no restricted funds held at the end of the current year.
## **Incoming resources**
Incoming resources represent school fees, charges for services for the use of premises and donations. Fees are stated after deducting allowances, scholarships and other remissions granted by the charity.
## **Resources expended**
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be recovered and is reported as part of the expenditure to which it relates.
Charitble expenditure comprises of those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include independent examiner fees and costs assocaiated with the management of the charity.
## **2. Income from donations and legacies**
|**Unrestricted funds**
Donations received
Grants received|**2019**
**2020**
**£**
**£**
-
60
-
46,368
**-**
**46,428**|
|---|---|
5 of 7
## Highgate Academy Birmingham Notes to the Financial Statements Continued
For the year ended 31 December 2020
## **3. Tangible fixed assets**
||**Land and**|**Computer**||
|---|---|---|---|
|**Cost or valuation**|**Buildings**|**Equipment**|**Total**|
||**£**|**£**|**£**|
|At 01 January 2020|550,000|9,786|559,786|
|At 31 December 2020|**550,000**|**9,786**|**559,786**|
|**Depreciation**||||
|At 01 January 2020|-|1,761|1,761|
|At 31 December 2020|**-**|**1,761**|**1,761**|
|**Net book values**||||
|At 31 December 2020|**550,000**|**8,025**|**558,025**|
|At 31 December 2019|**550,000**|**8,025**|**558,025**|
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## Highgate Academy Birmingham Detailed Statement of Financial Activities For the year ended 31 December 2020
|**INCOME AND ENDOWMENT**
**Donations and legacies**
Donations
Grants receivable
**Charitable activities**
School Fees (School Fees)
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Staff costs - wages & salaries (Charitable
activities)
Staff costs - pension contributions (Charitable
activities)
Depreciation - owned assets (Charitable
activities)
Rent and rates (Charitable activities)
Repairs and maintenance (Charitable activities)
Printing and stationery (Charitable activities)
Bank charges (Charitable activities)
Equipment expensed (Charitable activities)
Telephone and fax (Charitable activities)
Cleaning (Charitable activities)
Light and heat (Charitable activities)
IT Peripherals and maintenance (Charitable
activities)
Other staff costs (Charitable activities)
Staff Training (Charitable activities)
Other office costs (Charitable activities)
Travel costs (Charitable activities)
Cost of direct charitable activity (Governance
costs)
**SUPPORT COSTS**
**Governance costs**
Accountancy fees (Governance costs)
Legal fees (Governance costs)
Advertising and PR (Governance costs)
**Total resources expended**
**Net Expenditure**|**£**
**2020**
60
46,368
**46,428**
63,853
**63,853**
**110,281**
(137,294)
(3,161)
(1,761)
(8,473)
(7,004)
(6,579)
-
(151)
(915)
(944)
(6,248)
(2,256)
(3,900)
(363)
(2,175)
-
(14,061)
**(195,285)**
(1,320)
(16,143)
(3,650)
**(21,113)**
**(216,398)**
**(106,117)**|**£**
**2019**
-
-|
|---|---|---|
|||**-**
24,879|
|||**24,879**|
|||**24,879**
(95,853)
(1,798)
-
(4,227)
(7,453)
(3,134)
(24)
(1,552)
(928)
(1,524)
(64)
(2,867)
(18,140)
-
(3,396)
(4,460)
-|
|||**(145,420)**
(1,020)
(10,009)
(4,760)|
|||**(15,789)**|
|||**(161,209)**|
|||**(136,330)**|
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This page does not form part of the statutory financial statements