## **Trustees’ Annual Report for the period**
## **From 01/07/2024 To 30/06/2025**
## **Charity name: Highgate Academy Birmingham**
## **Charity registration number: 1166487**
## **Objectives and Activities**
||SORP reference||
|---|---|---|
|Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|TO ADVANCE THE EDUCATION IN
BIRMINGHAM, BY PROVIDING
EQUIPPING AND MAINTAINING A
SCHOOL FOR CHILDREN AGED 11-16
FOLLOWING THE NATIONAL
CURRICULUM AND THE PROVISION OF
ADULT EDUCATION.|
|Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|TO ADVANCE EDUCATION IN
BIRMINGHAM BY PROVIDING
EQUIPPING AND MAINTAINING A
SCHOOL FOR CHILDREN AGED 11-16
FOLLOWING THE NATIONAL
CURRICULUM AND THE PROVISION OF
ADULT EDUCATION. TO OWN AND
LEASE PROPERTY FOR EDUCATIONAL
PURPOSES.|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18||
## **Additional information (optional)** You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers
Other
## **Achievements and Performance**
||SORP reference||
|---|---|---|
|Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|Building Leased to New Perspectives
School (SEMH)|
## **Additional information (optional)** You may choose to include further statements where relevant about:
|Achievements against
objectives set|Para 1.41||
|---|---|---|
|Performance of fundraising
activities against objectives
set|Para 1.41||
|Investment performance
against objectives|Para 1.41||
||||
## **Financial Review**
Review of the charity’s Para 1.21 financial position at the end of the period Statement explaining the Para 1.22 policy for holding reserves stating why they are held Amount of reserves held Para 1.22 Reasons for holding zero Para 1.22 reserves Details of fund materially in Para 1.24 deficit Explanation of any Para 1.23 uncertainties about the charity continuing as a going concern
## **Additional information (optional)** You may choose to include further statements where relevant about:
|The charity’s principal
sources of funds (including
any fundraising)|Para 1.47||
|---|---|---|
|Investment policy and
objectives including any
social investment policy
adopted|Para 1.46||
|A description of the principal
risks facing the charity|Para 1.46||
|Other|||
## **Structure, Governance and Management**
|Description of charity’s
trusts:|||
|---|---|---|
|Type of governing document
(trust deed, royal charter)|Para 1.25|**Trust Deed**|
|How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|**CIO**|
|Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|**Appointment is pursuant to provisions**
**of trust deed and having regard to the**
**individual's skills, knowledge and**
**qualifications to best benefit.**
**The charity appointment is by trustees.**|
## **Additional information (optional)**
## You may choose to include further statements where relevant about:
||||
|---|---|---|
|Policies and procedures
adopted for the induction
and training of trustees|Para 1.51||
|The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51||
|Relationship with any related
parties|Para 1.51||
|Other|||
## **Reference and Administrative details**
|Charity name|Highgate Academy Birmingham|
|---|---|
|Other name the charity uses||
|Registered charity number|1166487|
|Charity’s principal address|221 Edward Road
Balsall Heath
Birmingham
B12 9LB|
|||
## **Names of the charity trustees who manage the charity**
|1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee(if any)**|
|---|---|---|---|---|
||Abdurrahman Ohlander||||
||Gulam Rabbani||28 August 2024|Abdurrahman Ohlander|
||Ubaidullah Ibn-Abdul Awal||02 October 2024|Gulam Rabbani|
||Sitra Tabassum||02 October 2024|Gulam Rabbani|
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
## – Corporate trustees names of the directors at the date the report was approved
**Director name**
Name of trustees holding title to property belonging to the charity
**Trustee name Dates acted if not for whole year**
## **Funds held as custodian trustees on behalf of others**
Description of the assets held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
## **Additional information (optional)**
## **Names and addresses of advisers (Optional information)**
|**Type of**|**Name**|**Address**|
|---|---|---|
|**adviser**|||
**Name of chief executive or names of senior staff members (Optional information)**
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
## **Other optional information**
## **Declarations**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
**Signature(s) Full name(s)** Mr Gulam Rabbani **Position (eg Secretary,** Trustee **Chair, etc) Date** 30/04/2026
HIGHGATE ACADEMY BIRMINGHAM
Charity No. 1166487
Company No. CE006205
Trustees, Report and Unaudited Accounts
30June 2025
HIGHGATE ACADEMY BIRMINGHAM
Contents
Pages
Trustees, Annual Report
Statement of Financial Activities
Summary Income and Expenditure Account
Balance Sheet
Notes to the Accounts
6tolO
Detailed Statement of Financial Activities
Ilto
Page I
HIGHGATE ACADEMY BIRMINGHAM
Trustees Annual Report
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006,
present their report with the unaudited financial statements of the charity for the year ended 30
June 2025.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. CE006205
Charity No. 1166487
Registered Office
221 Edward Road
Balsall Heath
Birmingham
B12 9LB
Dirertors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law.
The following Directors and Trustees served during the year:
U.l.A. Awal
G. Rabbani
S. Tabassum
Accountants
Naseems Accountants
104 Stoney Lane
Birmingham
B12 8AF
The Trustees are responsible for keepinE proper accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and to enable them to ensure that the financial statements
comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the
charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to
the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the
Charities SORP IFRS 1021.
Signed on behalf of the board
G. Rabbani
Trustee
30 June 2025
PaEe 2
HIGHGATE ACADEMY BIRMINGHAM
Statement of Financial Artivities
forthe yearended 30June 2025
Unrestricted
funds Total funds Total funds
2025
2025
2024
Notes
Income and endowments
from:
Donations and legacies
80,000
80,000
96,000
Total
80,000
80,000
96,(M)O
Expenditure on:
Other
1,675
1,675
3,589
Totsl
1,675
1,675
3,589
Net gains on investments
Net income
78,325
78,325
92,411
Transfers between funds
Net income before other
gainsl{lossesl
78,325
78,325
92,411
Other gain5 and10sses
Net movement in funds
78,325
78,325
92,411
Reconciliation of funds:
Total funds brought forward
1434,3801 1434,3801 1526,7911
Totsl funds carried fonvard
1356,0551
1356,0551
1434,3801
Page 3
HIGHGATE ACADEMY BIRMINGHAM
Summary Income and Expenditure Account
forthe yearended 30June 2025
2025
2024
Income
80,000
Gross income for the year
Expenditure
80,000
291
Depreciation and charges for
impairment of fixed assets
1,384
Totsl expenditure for the year
Net income before tax for the year
1,675
78,325
Net income for the year
78,325
Page 4
HIGHGATE ACADEMY BIRMINGHAM
Balance Sheet
at 30June 2025
Company No.
CE006205
Notes
2025
2024
Fixed assets
Tangible assets
556,305
556,305
557,689
557,689
Current assets
Cash at bank and in hand
11,329
11,329
1923,6891
1912,3601
1356.0551
1356,0551
loo
loo
Creditors: Amount falling due within one year
Net current liabilities
1992,1691
1992,0691
1434,3801
1434,3801
Total assets less current Ilabilitles
Net liabilities excluding pen5i0n asset or liability
Totsl net liabilities
1356,0551
1434,3801
The funds of the charity
Restricted funds
Unrestrirted funds
General funds
1356,0551
1356,0551
1434,3801
1434,3801
Reserves
Totsl funds
1356,0551
1434,3801
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies
Act 2006 relating to small companies.
For the year ended 30 June 2025 the company was entitled to exemption under section 477 of the
Companies Act 2(X)6 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the
Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act
2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 30 June 2025
And signed on its behalf by..
G. Rabbani
Trustee
30 June 2025
PaEe 5
HIGHGATE ACADEMY BIRMINGHAM
Notes to the Accounts
forthe yearended 30June 2025
l Accounting policies
Basis of preparation
The financial statements have been prepared 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 IFRS 1021 leffective I
January 20151 (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 and the Companies Act 2006.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since
last year and no changes have been made to accounts for previous years.
Fund accounting
Unrestricted funds
These are available for vse at the discretion of the trustees in furtherance of the
general objects of the charity.
These are unrestricted funds earmarked by the trustees for particular purposes.
These are unrestricted funds which include a revaluation reserve representing the
restatement of investment assets at their market values.
These are available for use subject to restrictions imposed by the donor or through
terms of arb appeal.
Designated funds
Revaluation funds
Restricted funds
Income
Recognition of
income
Income is included in the Statement of Financial Activities ISOFAI when the charity
becomes entitled to, and virtually certain to receive, the income and the amount of
the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is
expenditure
reported gross in the SOFA.
Donations and
legacies
Voluntary income received by way of grants, donations and gifts is included in the
the SOFA when receivable and only when the Charity has unconditional
entitlement to the income.
Tax reclaims on
Income from tax reclaims is included in the SOFA at the same time as the
donations and gifts gift/donation to which it relates.
Donated services
These are only included in income (with an equivalent amount in expenditure)
where the benefit to the Charity is reasonably quantifiable, measurable and
material.
and facilities
Volunteer help
The value of any volunteer help received is not included in the accounts.
Investment income This is included in the accounts when receivable.
Gains/llossesl on
This includes any gain or loss resulting from revaluinE investments to market value
revaluation of fixed at the end of the year.
assets
Gainslllossesl on
investment assets
This includes any gain or loss on the sale of investments.
Page 6
HIGHGATE ACADEMY BIRMINGHAM
Notes to the Accounts
Expenditure
Recognition of
expenditure
Expenditure is recognised on an accruals basis. Expenditure includes any VAT which
cannot be fully recovered, and is reported as part of the expenditure to which it
relates.
Expenditure on
These comprise the costs associated with attracting voluntary income, fundraising
raising funds
trading costs and investment management costs.
Expenditure on
These comprise the costs incurred by the Charity in the delivery of its activities and
charitable activities services in the furtherance of its objects, including the making of grants and
governance costs.
All grant expenditure is accounted for on an actual paid basis plus an accrual for
grants that have been approved by the trustees at the end of the year but not yet
paid.
These include those costs associated with meeting the constitutional and statutory
requirements of the Charity, including any audit/independent examination fees,
costs linked to the strategic management of the Charity, together with a share of
other administration costs.
Grants payable
Governance costs
Other expenditure
These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet
date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they
arise.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair
value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other
short-term highly liquid investments with original maturities of three months or less and bank overdrafts.
In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities.
In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are
repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised
where the charity has a present obligation resulting from a past event that will probably result in the
transfer of funds to a third party and the amount due to settle the obligation can be measured or
estimated reliably. Creditors and provisions are normally recognised at their settlement amount after
allowing for any trade discounts due.
Page 7
HIGHGATE ACADEMY BIRMINGHAM
Notes to the Accounts
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in currencies other than the functional currency of the
charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of
exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net incomelexpenditure.
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of
ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified
as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the
inception of the lease or. if lower, at the present value of the minimum lease payments. The
corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation.
Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to
achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are
recognised immediately, unless they are directly attributable to qualifying assets, in which case they are
capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term.
In the event that lease incentives are received to enter into operating leases, such incentives are
recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental
expense on a straight-line basis.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a
pension plan under which the company pays fixed contributions into a separate entity. Once the
contributions have been paid the company has no further payments obligations. The contributions are
recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet.
The assets of the plan are held separately from the company in independently administered funds.
Receipt of donated goods, facilities and services
All donated Eoods, facilities and services received are recoEnised within incoming resources and
expenditure at an estimate of the value to the charity.
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
Page 8
HIGHGATE ACADEMY BIRMINGHAM
Notes to the Accounts
3 Income from donations and legacies
Unrestrirted
Total
Totsl
2025
2024
80,000
80,000
80,000
80,000
96,000
96,000
4 Other expenditure
Unrestricted
Total
Ti>tsl
2025
2024
Premises cost5
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
Geneial administrative costs
288
288
1,901
1,384
1,384
1,688
1,675
1,675
3,589
5 Net income before transfers
2025
2024
This is stated after charging..
Depreciation of owned fixed assets
6 stsff costs
No employee received emoluments in excess of £60,CM)O.
1,384
1,688
7 Tangible fixed assets
Cost or revaluation
At l July 2024
At 30 lune 2025
550,000
550,000
15,706
15,706
565,706
565,706
Depreciation and
impairment
At l July 2024
Depreciation charge for the
year
At 30 lune 2025
8,017
8,017
1,384
1,384
9,401
9,401
Net book values
At 30 June 2025
550,000
550,000
6,305
7,689
556,305
557,689
At 30 June 2024
8 Creditors:
amounts falling due within one year
2025
2024
Other loans
902,564
21,125
923,689
971,044
21,125
992.169
Other creditors
Page 9
HIGHGATE ACADEMY BIRMINGHAM
Notes to the Accounts
9 Movement in funds
Incoming
resources
(including
other
At l July gains/losses
2024
Resources
expended
At 30 June
2025
Restricted funds:
Unrestricted funds:
General funds
1434,3801
80,000
11,6751 1356,0551
Total funds
10 Analysis of net assets between funds
1434,3801
80,000
11,6751 1356,0551
Unrestricted
funds
Restrirted
funds
Totsl
Fixed assets
Net current assets
556,305
19,7961
546,509
556,305
1902,5641 1912,3601
1902,5641 1356,0551
11 Reconciliation of net debt
At l July
2024
At 30 June
Cash flows
2025
Cash and cash equivalents
loo
11,229
11,229
11,329
11,329
loo
Borrowings
1971,0441
1971,0441
68,480
68,480
1902,5641
1902,5641
Net debt
1970,9441
79,709
1891,2351
12 Related party disclosures
Controlling porty
The company is limited by Euarantee and has no share capital,. thus no single party controls the company.
PaEe 10
HIGHGATE ACADEMY BIRMINGHAM
Detailed Statement of Financial Artivities
forthe yearended 30June 2025
Unrestricted
funds
Total funds
Total funds
2025
2025
2024
Income and endowments from:
Donations and legacies
80,000
80,000
80,000
80,000
96,000
96,000
Totsl income and endowments
80,000
80,000
96,000
Expenditure on:
Premises costs
Rates
288
288
1,901
1,901
288
288
General administrative costs,
including depreciation and
amortisation
Depreciation of
Bank charges
1,384
1,384
1,688
1,387
1,675
1,387
1,675
1,688
3,589
Totsl of expenditure of other costs
Total expenditure
1,675
1,675
3,589
Net gains on investments
Net income
78,325
78,325
92,411
Net Income before other
gainsl{1055esl
Other Gains
78,325
78,325
92,411
Net movement In funds
78,325
78,325
92,411
Reconciliation of funds:
Total funds brought forward
1434,3801
1434,3801
1526,7911
Totsl funds carried forward
1356,0551
1356,0551
1434,3801
Page 11
HIGHGATE ACADEMY BIRMINGHAM
Charity No. 1166487
Company No. CE006205
Trustees, Report and Unaudited Accounts
30June 2025
HIGHGATE ACADEMY BIRMINGHAM
Contents
Pages
Trustees, Annual Report
Statement of Financial Activities
Summary Income and Expenditure Account
Balance Sheet
Notes to the Accounts
6tolO
Detailed Statement of Financial Activities
Ilto
Page I
HIGHGATE ACADEMY BIRMINGHAM
Trustees Annual Report
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006,
present their report with the unaudited financial statements of the charity for the year ended 30
June 2025.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. CE006205
Charity No. 1166487
Registered Office
221 Edward Road
Balsall Heath
Birmingham
B12 9LB
Dirertors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law.
The following Directors and Trustees served during the year:
U.l.A. Awal
G. Rabbani
S. Tabassum
Accountants
Naseems Accountants
104 Stoney Lane
Birmingham
B12 8AF
The Trustees are responsible for keepinE proper accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and to enable them to ensure that the financial statements
comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the
charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to
the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the
Charities SORP IFRS 1021.
Signed on behalf of the board
G. Rabbani
Trustee
30 June 2025
PaEe 2
HIGHGATE ACADEMY BIRMINGHAM
Statement of Financial Artivities
forthe yearended 30June 2025
Unrestricted
funds Total funds Total funds
2025
2025
2024
Notes
Income and endowments
from:
Donations and legacies
80,000
80,000
96,000
Total
80,000
80,000
96,(M)O
Expenditure on:
Other
1,675
1,675
3,589
Totsl
1,675
1,675
3,589
Net gains on investments
Net income
78,325
78,325
92,411
Transfers between funds
Net income before other
gainsl{lossesl
78,325
78,325
92,411
Other gain5 and10sses
Net movement in funds
78,325
78,325
92,411
Reconciliation of funds:
Total funds brought forward
1434,3801 1434,3801 1526,7911
Totsl funds carried fonvard
1356,0551
1356,0551
1434,3801
Page 3
HIGHGATE ACADEMY BIRMINGHAM
Summary Income and Expenditure Account
forthe yearended 30June 2025
2025
2024
Income
80,000
Gross income for the year
Expenditure
80,000
291
Depreciation and charges for
impairment of fixed assets
1,384
Totsl expenditure for the year
Net income before tax for the year
1,675
78,325
Net income for the year
78,325
Page 4
HIGHGATE ACADEMY BIRMINGHAM
Balance Sheet
at 30June 2025
Company No.
CE006205
Notes
2025
2024
Fixed assets
Tangible assets
556,305
556,305
557,689
557,689
Current assets
Cash at bank and in hand
11,329
11,329
1923,6891
1912,3601
1356.0551
1356,0551
loo
loo
Creditors: Amount falling due within one year
Net current liabilities
1992,1691
1992,0691
1434,3801
1434,3801
Total assets less current Ilabilitles
Net liabilities excluding pen5i0n asset or liability
Totsl net liabilities
1356,0551
1434,3801
The funds of the charity
Restricted funds
Unrestrirted funds
General funds
1356,0551
1356,0551
1434,3801
1434,3801
Reserves
Totsl funds
1356,0551
1434,3801
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies
Act 2006 relating to small companies.
For the year ended 30 June 2025 the company was entitled to exemption under section 477 of the
Companies Act 2(X)6 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the
Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act
2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 30 June 2025
And signed on its behalf by..
G. Rabbani
Trustee
30 June 2025
PaEe 5
HIGHGATE ACADEMY BIRMINGHAM
Notes to the Accounts
forthe yearended 30June 2025
l Accounting policies
Basis of preparation
The financial statements have been prepared 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 IFRS 1021 leffective I
January 20151 (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 and the Companies Act 2006.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since
last year and no changes have been made to accounts for previous years.
Fund accounting
Unrestricted funds
These are available for vse at the discretion of the trustees in furtherance of the
general objects of the charity.
These are unrestricted funds earmarked by the trustees for particular purposes.
These are unrestricted funds which include a revaluation reserve representing the
restatement of investment assets at their market values.
These are available for use subject to restrictions imposed by the donor or through
terms of arb appeal.
Designated funds
Revaluation funds
Restricted funds
Income
Recognition of
income
Income is included in the Statement of Financial Activities ISOFAI when the charity
becomes entitled to, and virtually certain to receive, the income and the amount of
the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is
expenditure
reported gross in the SOFA.
Donations and
legacies
Voluntary income received by way of grants, donations and gifts is included in the
the SOFA when receivable and only when the Charity has unconditional
entitlement to the income.
Tax reclaims on
Income from tax reclaims is included in the SOFA at the same time as the
donations and gifts gift/donation to which it relates.
Donated services
These are only included in income (with an equivalent amount in expenditure)
where the benefit to the Charity is reasonably quantifiable, measurable and
material.
and facilities
Volunteer help
The value of any volunteer help received is not included in the accounts.
Investment income This is included in the accounts when receivable.
Gains/llossesl on
This includes any gain or loss resulting from revaluinE investments to market value
revaluation of fixed at the end of the year.
assets
Gainslllossesl on
investment assets
This includes any gain or loss on the sale of investments.
Page 6
HIGHGATE ACADEMY BIRMINGHAM
Notes to the Accounts
Expenditure
Recognition of
expenditure
Expenditure is recognised on an accruals basis. Expenditure includes any VAT which
cannot be fully recovered, and is reported as part of the expenditure to which it
relates.
Expenditure on
These comprise the costs associated with attracting voluntary income, fundraising
raising funds
trading costs and investment management costs.
Expenditure on
These comprise the costs incurred by the Charity in the delivery of its activities and
charitable activities services in the furtherance of its objects, including the making of grants and
governance costs.
All grant expenditure is accounted for on an actual paid basis plus an accrual for
grants that have been approved by the trustees at the end of the year but not yet
paid.
These include those costs associated with meeting the constitutional and statutory
requirements of the Charity, including any audit/independent examination fees,
costs linked to the strategic management of the Charity, together with a share of
other administration costs.
Grants payable
Governance costs
Other expenditure
These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet
date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they
arise.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair
value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other
short-term highly liquid investments with original maturities of three months or less and bank overdrafts.
In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities.
In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are
repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised
where the charity has a present obligation resulting from a past event that will probably result in the
transfer of funds to a third party and the amount due to settle the obligation can be measured or
estimated reliably. Creditors and provisions are normally recognised at their settlement amount after
allowing for any trade discounts due.
Page 7
HIGHGATE ACADEMY BIRMINGHAM
Notes to the Accounts
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in currencies other than the functional currency of the
charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of
exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net incomelexpenditure.
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of
ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified
as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the
inception of the lease or. if lower, at the present value of the minimum lease payments. The
corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation.
Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to
achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are
recognised immediately, unless they are directly attributable to qualifying assets, in which case they are
capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term.
In the event that lease incentives are received to enter into operating leases, such incentives are
recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental
expense on a straight-line basis.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a
pension plan under which the company pays fixed contributions into a separate entity. Once the
contributions have been paid the company has no further payments obligations. The contributions are
recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet.
The assets of the plan are held separately from the company in independently administered funds.
Receipt of donated goods, facilities and services
All donated Eoods, facilities and services received are recoEnised within incoming resources and
expenditure at an estimate of the value to the charity.
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
Page 8
HIGHGATE ACADEMY BIRMINGHAM
Notes to the Accounts
3 Income from donations and legacies
Unrestrirted
Total
Totsl
2025
2024
80,000
80,000
80,000
80,000
96,000
96,000
4 Other expenditure
Unrestricted
Total
Ti>tsl
2025
2024
Premises cost5
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
Geneial administrative costs
288
288
1,901
1,384
1,384
1,688
1,675
1,675
3,589
5 Net income before transfers
2025
2024
This is stated after charging..
Depreciation of owned fixed assets
6 stsff costs
No employee received emoluments in excess of £60,CM)O.
1,384
1,688
7 Tangible fixed assets
Cost or revaluation
At l July 2024
At 30 lune 2025
550,000
550,000
15,706
15,706
565,706
565,706
Depreciation and
impairment
At l July 2024
Depreciation charge for the
year
At 30 lune 2025
8,017
8,017
1,384
1,384
9,401
9,401
Net book values
At 30 June 2025
550,000
550,000
6,305
7,689
556,305
557,689
At 30 June 2024
8 Creditors:
amounts falling due within one year
2025
2024
Other loans
902,564
21,125
923,689
971,044
21,125
992.169
Other creditors
Page 9
HIGHGATE ACADEMY BIRMINGHAM
Notes to the Accounts
9 Movement in funds
Incoming
resources
(including
other
At l July gains/losses
2024
Resources
expended
At 30 June
2025
Restricted funds:
Unrestricted funds:
General funds
1434,3801
80,000
11,6751 1356,0551
Total funds
10 Analysis of net assets between funds
1434,3801
80,000
11,6751 1356,0551
Unrestricted
funds
Restrirted
funds
Totsl
Fixed assets
Net current assets
556,305
19,7961
546,509
556,305
1902,5641 1912,3601
1902,5641 1356,0551
11 Reconciliation of net debt
At l July
2024
At 30 June
Cash flows
2025
Cash and cash equivalents
loo
11,229
11,229
11,329
11,329
loo
Borrowings
1971,0441
1971,0441
68,480
68,480
1902,5641
1902,5641
Net debt
1970,9441
79,709
1891,2351
12 Related party disclosures
Controlling porty
The company is limited by Euarantee and has no share capital,. thus no single party controls the company.
PaEe 10
HIGHGATE ACADEMY BIRMINGHAM
Detailed Statement of Financial Artivities
forthe yearended 30June 2025
Unrestricted
funds
Total funds
Total funds
2025
2025
2024
Income and endowments from:
Donations and legacies
80,000
80,000
80,000
80,000
96,000
96,000
Totsl income and endowments
80,000
80,000
96,000
Expenditure on:
Premises costs
Rates
288
288
1,901
1,901
288
288
General administrative costs,
including depreciation and
amortisation
Depreciation of
Bank charges
1,384
1,384
1,688
1,387
1,675
1,387
1,675
1,688
3,589
Totsl of expenditure of other costs
Total expenditure
1,675
1,675
3,589
Net gains on investments
Net income
78,325
78,325
92,411
Net Income before other
gainsl{1055esl
Other Gains
78,325
78,325
92,411
Net movement In funds
78,325
78,325
92,411
Reconciliation of funds:
Total funds brought forward
1434,3801
1434,3801
1526,7911
Totsl funds carried forward
1356,0551
1356,0551
1434,3801
Page 11