Charity number: 1166487 (England and Wales) ## HIGHGATE ACADEMY BIRMINGHAM Report of the Trustees and Unaudited Financial Statements For the period 01 January 2022 to 30 June 2023 HIGHGATE ACADEMY BIRMINGHAM Contents Page For the period 01 January 2022 to 30 June 2023 |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| |Detailed Statement of Financial Activities|6| ## HIGHGATE ACADEMY BIRMINGHAM Report of the Trustees For the period 01 January 2022 to 30 June 2023 The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the period ended 30 June 2023. 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 2019). ## **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 Balsall Heath Birmingham B12 9LB ## **Trustees** The trustees and officers serving during the year and since the year end were as follows: Abdur Rahman Karl Ohlander Mohammed Imran Muhammad Sajid Iqbal **Independent examiners** Naseems Chartered Certified Accountants 104 Stoney Lane Sparkbrook Birmingham B12 8AF Approved by the Board of Trustees and signed on its behalf by ............................................................................. 23 May 2024 Abdur Rahman Karl Ohlander 1 of 6 ## HIGHGATE ACADEMY BIRMINGHAM Statement of Financial Activities (including Income and Expenditure Account) For the period 01 January 2022 to 30 June 2023 |**Notes**
**Income and endowments from:**
Investments
2
**Total**
**Expenditure on:**
Charitable activities
3/4
**Total**
**Net income**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
70,939| |---|---| ||**70,939**| ||(60,847)| ||**(60,847)**| ||**10,092**
(536,885)| ||**(526,793)**| 2 of 6 ## HIGHGATE ACADEMY BIRMINGHAM Statement of Financial Position As at 30 June 2023 |**Notes**
**Fixed assets**
Tangible assets
6
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due within one year**
7
**Net current assets**
**Total assets less current liabilities**
**Creditors: amounts falling due after more than one year**
8
**Net assets**
**The funds of the charity**
Unrestricted income funds
**Total funds**|**£**
**2023**
559,377| |---|---| ||**559,377**| ||11,160| ||**11,160**| ||(21,125)
**(9,965)**| ||**549,412**| ||(1,076,205)| ||**(526,793)**| ||(526,793)| ||**(526,793)**| For the period 01 January 2022 to 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. - The members have not required the company to obtain an audit of its accounts for the year in question in accordance - with section 476, - The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting - records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime. The financial statements were approved and authorised for issue by the Board and signed on its behalf by: Abdur Rahman Karl Ohlander Trustee 23 May 2024 3 of 6 HIGHGATE ACADEMY BIRMINGHAM Notes to the Financial Statements For the period 01 January 2022 to 30 June 2023 ## **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 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006. 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). ## **2. Investment income** |**Unrestricted funds**
Income from investment
properties
**3. Costs of charitable activities by fund type**
**Unrestricted funds**
Activity 1
**4. Costs of charitable activities by activity type**
**Activities undertaken directly**
Activity 1
**5. Particulars of employees**
Average number of employees|**2023**
**£**
70,939| |---|---| ||**70,939**| ||**2023**
**£**
60,847
**2023**
**£**
60,847
**2023**
0| ||**0**| 4 of 6 HIGHGATE ACADEMY BIRMINGHAM Notes to the Financial Statements Continued For the period 01 January 2022 to 30 June 2023 ## **6. Tangible fixed assets** ||**Land and**|**Computer**|| |---|---|---|---| |**Cost or valuation**|**Buildings**|**Equipment**|**Total**| ||**£**|**£**|**£**| |At 01 January 2022|550,000|15,706|565,706| |At 30 June 2023|**550,000**|**15,706**|**565,706**| |**Depreciation**|||| |At 01 January 2022|-|6,329|6,329| |At 30 June 2023|**-**|**6,329**|**6,329**| |**Net book values**|||| |At 30 June 2023|**550,000**|**9,377**|**559,377**| |At 31 December 2021|**550,000**|**9,377**|**559,377**| ## **7. Creditors: amounts falling due within one year** |Other creditors
**reditors: amounts falling due after more than one year**
Other creditors|**2023**
**£**
21,125| |---|---| ||**21,125**| ||**2023**
**£**
1,076,205| ||**1,076,205**| ## **8. Creditors: amounts falling due after more than one year** ## **10. Analysis of net assets between funds** |**Unrestricted funds**
_General_
General|**Tangible**
**fixed assets**
**Net current**
**assets /**
**(liabilities)**
**Creditors >**
**one year**
**Net Assets**
**£**
**£**
**£**
**£**
559,377
(9,965)
(1,076,205)
(526,793)| |---|---| ||**559,377**
**(9,965)**
**(1,076,205)**
**(526,793)**| 5 of 6 HIGHGATE ACADEMY BIRMINGHAM Detailed Statement of Financial Activities For the period 01 January 2022 to 30 June 2023 |**INCOME AND ENDOWMENT**
**Investments**
Income from investment properties
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Cost of direct charitable activity
**Total resources expended**
**Net Income**|**£**
**2023**
70,939| |---|---| ||**70,939**| ||**70,939**
(60,847)| ||**(60,847)**| ||**(60,847)**| ||**10,092**| 6 of 6 This page does not form part of the statutory financial statements