WORCESTER CHRISTIAN EDUCATION TRUST
Accounts – 31st August 2024
WORCESTER CHRISTIAN EDUCATION TRUST
Charity number: 1171394
Accounts – 31st August 2024
INDEX
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1-3. Report of the Trustees and General Information 4. Independent Examiner’s Report to the Trustees
-
Statement of Financial Activities
-
Balance Sheet
-
Statement of Cash Flows 8-15. Notes to the Accounts
WORCESTER CHRISTIAN EDUCATION TRUST
REPORT OF THE TRUSTEES for the year ended 31st August 2024
The Trustees are pleased to present their annual report and financial statements of the charity for the year ended 31st August 2024 .
The Financial Statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and complies with the Charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice (second edition) and Financial Reporting Standard FRS 102.
Reference and Administration Details
The charity’s name is Worcester Christian Education Trust and also operates under the name of The Brook School and The River School.
Charity Registration Number: 1171394
Registered Office: Oakfield House, Droitwich Road, Worcester, WR3 7ST
Trustees
The Trustees who served during the year and since the year end were as follows:
E Campsall (resigned 29[th] February 2024) D Todorov C Hunt K Badger (appointed 14[th] May 2024) T Lonergan (resigned 28[th] January 2025) N Holman (appointed 24[th] September 2024) J Heath – (appointed 28[th] November 2023 resigned 26[th] November 2024)
Senior Leadership Team
The trustees are assisted in the day to day running of the River School by the Senior Leadership Team. Members serving during the year were:
A T Parsonage (Headmaster) J Chester J Barron P Wood L Shirley L Parsonage
Objectives and Activities
The main objects of the charity are:
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To advance the education of children resident in the city of Worcester and the neighbourhood thereof by providing:
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a) Safe and satisfying group play for children primarily between the ages of 3-5 in which parents have the right to take part.
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b) A day school for children of 5 years of age and upwards.
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To advance the Christian faith of the residents of the City of Worcester and the neighbourhood thereof in any manner that may be thought fit.
The Worcester Christian Education Trust is a non-denominational body whose purpose is to promote the availability of Christian education for all children irrespective of social, financial or religious background. In furtherance of this aim the Trust administers The River School, an independent Christian school which was opened in 1985 to cater for children from the start of their school career through to GCSE examinations.
WORCESTER CHRISTIAN EDUCATION TRUST
REPORT OF THE TRUSTEES
for the year ended 31st August 2024 ( Continued)
In planning the activities of the charity, the trustees have considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of education and advancement of religion. The aim of the Charity is to enable young people to achieve their fullest potential and to equip them to make a valuable contribution to society.
Achievements and Performance
The whole school including the Nursery was inspected by ISI in January 2024. The school was found to be compliant in all areas and the report was very positive. Highlights included excellent pupil behaviour, good progress for all pupils across the school with strong GCSE results, and a strong close-knit community that reflected the Christian ethos of the school.
All sections of the school, early years, primary and secondary, are situated at Oakfield House on the northern edge of the city of Worcester, a large Georgian property with 8 acres of grounds. The school was established to provide a Biblical Christian education. The curriculum has Christian values pervading the approach to all subjects and is designed for a socially comprehensive school where Christian commitment and family life are positively upheld.
Our aim is to enable young people to achieve their fullest possible potential and to equip them to make a valuable contribution to society. Character qualities of discipline, compassion, respect, industry and initiative are encouraged as being of equal importance to academic achievement and the development of other life skills.
The Early Years Department aims to provide a loving, caring and disciplined environment where children can learn to socialise, to care for each other and respect their leaders. It aims to introduce the children to God through simple Bible stories and songs, to provide stimulus through play and music, writing and reading skills as the children progress. The Early Years Department accepts children, from the age of 2, with government vouchers and is inspected alongside the main school.
The school has developed its own curriculum to reflect the school's objectives and in keeping with the general framework of the National Curriculum. At secondary level, pupils are prepared for GCSE examinations. Pupils at 16 years of age normally take between five and nine subjects at GCSE and the results vary each year according to the strengths of different year groups. GCSE results for this year were good with strong grades achieved across a range of subjects.
The school is led by Mr A Parsonage as Headteacher; the Nursery by Mrs J Barron; the Primary by Miss Shirley and the Seniors by Mrs P Wood. The Headteacher, and therefore the school, are registered with the Independent School's Association (ISA) and are inspected by ISI (Independent Schools Inspectorate).
The extensive grounds at The River School include woodland, orchards, a pond and open fields. The school’s grounds and small domesticated animals (guinea pigs, rabbits and chickens etc.) are used by the pupils to enhance their learning. In addition, the grounds are opened to the public twice a year as part of the National Gardens Scheme. Wedding receptions/parties take place in the grounds during weekends and school holidays.
Unpaid Volunteers
During the year, the Trust benefitted from voluntary support of parents and other individuals who assist with teaching, gardening and maintenance. The support is gratefully acknowledged by the Trustees.
Financial Review
The total income for the year was £1,025,111 and total expenditure on charitable activities amounted to £975,980. The balance on unrestricted funds at the yearend was £208,558 and on restricted funds £16,943.
An audit dispensation has been granted for Worcester Christian Education Trust: 1171394 under Regulation 34(3)(b) of the Charities (Accounts and Reports) Regulations 2008.
This dispensation is for the financial year ended 31[st] August 2024 only, and allows an independent examination in place of an audit for this year.
WORCESTER CHRISTIAN EDUCATION TRUST
REPORT OF THE TRUSTEES for the year ended 31st August 2024 ( Continued)
Financial Review (continued)
The dispensation is given based upon the information provided by the trustees that:
-
the exceptional circumstances outlined mean that an audit would be disproportionate;
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there are no constitutional or other requirements on the charity which require an audit and;
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the charity is not incorporated under company law.
The main source of income is from school fees, supported by a revenue generating initiative, ‘Oakfield Ventures’ with wedding receptions held in the school grounds and, rental income from the adjacent property owned by the Trust ‘Moden Lodge’.
Reserves Policy
The trustees have examined the charity’s requirements for reserves taking account of the main risks to the organisation. It has established a policy whereby unrestricted funds not committed or invested in tangible fixed assets held by the charity should be between 2 or 3 months of expenditure. The trustees consider that this should be in the region of £100,000 in general funds given the budgeted expenditure.
The reserves are required to meet the working capital requirement of the charity and the trustees are confident that at the level indicated above, the school would be able to continue the current activities of the charity in the event of a drop in funding.
Whilst the unrestricted funds are currently below the above target, the fixed assets which are principally comprised of the school buildings are valued at a significantly high market value. Careful monitoring of spending, and the adding of other sources of income aim to enable the trustees to begin to establish the kind of reserves they consider appropriate as above.
Structure, Governance and Management
Governing Document
Worcester Christian Education Trust is registered as a charity with the Charity Commission. It is a Charitable Incorporated Organisation and was formed under a Deed of Trust dated 31st January 2017. With effect from 1st September 2017, it took over the assets and activity of a Charitable Trust with the same name and registered under reference 516511.
Appointment of Trustees
The trustees keep the composition of the board under review and will seek to appoint additional members with appropriate skills and expertise, mainly from parents who have had a long association with the school, should the need arise. Interested parties are given details of the background of the Charity in order to make them aware of current activities. New trustees are appointed by the existing trustees and there must be at least three and not more than eight trustees.
| Bank | Independent Examiners |
|---|---|
| HSBC Plc | A J Carter & Co Limited |
| 6 Broad Street | Chartered Certified Accountants |
| Worcester | 22b High Street |
| WR1 2EJ | Witney |
| Oxon, OX28 6RB |
Signed on behalf of the trustees by
K Badger ………………………………….. Trustee Worcester
21st May 2025
WORCESTER CHRISTIAN EDUCATION TRUST
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES
I report to the trustees on my examination of the accounts of Worcester Christian Education Trust for the year ended 31st August 2024.
Responsibilities and Basis of Report
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the 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 Examiner’s Statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants.
The examination has taken place instead of an audit (Regulation 31(f)) as an audit dispensation was granted for Worcester Christian Education Trust: 1171394 under Regulation 34(3)(b) of the Charities (Accounts and Reports) Regulations 2008. The dispensation was granted by the Charity Commission on 24[th] April 2025.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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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.
A P Williams BSc FCCA A J Carter & Co Limited Chartered Certified Accountants
22b High Street Witney Oxon OX28 6RB 22nd May 2025
WORCESTER CHRISTIAN EDUCATION TRUST
STATEMENT OF FINANCIAL ACTIVITIES
(including an income and expenditure account)
for the year ended 31st August 2024
| Note Income from: Donations and legacies 3 Charitable activities 4 Other trading activities 5 Other 6 Total incoming resources Expenditure on: Charitable activities 7 Total expenditure Net income/(expenditure) and net movement in funds for the year Transfer between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted Restricted Total Funds Funds Funds 2024 £ £ £ 28,179 3,625 31,804 910,544 25,902 936,446 9,600 - 9,600 43,352 3,909 47,261 991,675 33,436 1,025,111 935,979 40,001 975,980 935,979 40,001 975,980 55,696 (6,565) 49,131 - - - 55,696 (6,565) 49,131 152,862 23,508 176,370 £208,558 £16,943 £225,501 |
Total Funds 2023 £ 21,573 731,680 9,100 82,418 |
|---|---|---|
| 844,771 | ||
| 949,598 | ||
| 949,598 | ||
| (104,827) - |
||
| (104,827) 281,197 |
||
| £176,370 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derives from continuing activities.
The notes on pages 8 to 15 form part of these financial statements
WORCESTER CHRISTIAN EDUCATION TRUST
BALANCE SHEET as at 31st August 2024
| Note Fixed assets Tangible assets 11 Total fixed assets Current assets Debtors 12 Cash at bank and in hand Total current assets Liabilities Creditors falling due within one year 13 Net current assets Total assets less current liabilities Creditors:falling due after more than 1 year 14 Total net assets 15 The funds of the Charity Restricted income funds 16 Unrestricted income funds 16 Total charity funds |
2024 £ 591,067 591,067 26,401 191,069 217,470 242,659 (25,189) 565,878 340,377 £225,501 16,943 208,558 £225,501 |
2023 £ 607,844 |
|---|---|---|
| 607,844 | ||
| 41,306 5,170 |
||
| 46,476 123,336 |
||
| (76,860) | ||
| 530,984 354,614 |
||
| £176,370 | ||
| 23,508 152,862 |
||
| £176,370 |
These accounts were approved by the trustees and authorised for issue on: 21st May 2025 and are signed on their behalf by:
K Badger ...................................................... Trustee
The notes on pages 8 to 15 form part of these financial statements
WORCESTER CHRISTIAN EDUCATION TRUST
CASH FLOW STATEMENT FOR THE YEAR ENDED 31[ST] AUGUST 2024
| Note Statement of Cash Flows Cash flows from operating activities: Net cash provided by operating activities Cash flows from investing activities: Interest Purchase of tangible assets Cash flows from investing activities: Cash inflows from new borrowing Repayments of borrowing Net increase/(decrease) in cash Cash at bank at beginning of year Cash in hand Reconciliation of Net Income/(Expenditure) to Net Cash Flow from Operating Activities Net income/(expenditure) Depreciation Interest (Increase)/decrease in debtors Increase/(decrease) in creditors Net cash provided by operating activities Analysis of Cash Cash at bank and cash equivalents |
2024 £ 200,891 - - 200,891 - (14,992) 185,899 5,170 £191,069 2024 £ 49,131 16,777 - 14,906 120,077 £200,891 2024 £ 191,069 £191,069 |
2023 £ (18,897) - (19,074) |
|---|---|---|
| (37,971) - (15,746) |
||
| (53,717) | ||
| 58,887 | ||
| £5,170 | ||
| 2023 £ (104,827) 36,297 - (1,622) 51,255 |
||
| £(18,897) | ||
| 2023 £ 5,170 |
||
| £5,170 |
WORCESTER CHRISTIAN EDUCATION TRUST
NOTES TO THE ACCOUNTS
for the year ended 31st August 2024
1. Accounting Policies
The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
a) Basis of Preparation
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
The charity constitutes a public benefit entity as defined by FRS 102.
The Trustees consider that there are no material uncertainty about the Charity’s ability to continue as a going concern.
The accounts have been prepared on the going concern basis which assumes that the charity will be able to continue its activities for the foreseeable future. Despite the reserves being lower than would be ideal the trustees consider that the going concern basis remains appropriate given their careful budgeting.
b) Income Recognition Policies
Items of income are recognised and included in the accounts when all of the following criteria are met:
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The charity has entitlement to the funds;
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any performance conditions attached to the items of income have been met or are fully within the control of the charity;
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there is sufficient certainty that receipt of the income is considered probable; and
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the amount can be measured reliably.
Income received in advance of a specific performance or provision of other specified service is deferred until the criteria for income recognition are met.
c) Donated Services and Facilities
In accordance with the Charities SORP (FRS 102) the general time of volunteers is not recognised in the accounts.
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d) Interest Receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the bank.
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e) Fund Accounting
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Unrestricted funds are available to spend on activities that further any of the purposes of the Charity. Designated funds are unrestricted funds of the Charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for the particular areas of the Charity’s work or for specific projects being undertaken by the Charity.
WORCESTER CHRISTIAN EDUCATION TRUST
NOTES TO THE ACCOUNTS
for the year ended 31st August 2024 (continued)
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f) Expenditure and Irrecoverable VAT
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Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
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Expenditure on Charitable activities includes the cost of running the school known as Worcester Christian Education Trust.
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Other expenditure represents those items not falling into any other heading.
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Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
g) Operating Leases The Charity classifies the lease of photocopying equipment as operating leases: the title to the equipment remains with the lessor. Rental charges are charged on a straight line basis over the term of the lease.
h) Tangible Fixed Assets
Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their estimated useful economic lives as follows:
Asset Annual Category Rate Freehold buildings 20% on cost Furniture and equipment 10% reducing balance Soft furnishings 25% reducing balance Mini buses 25% reducing balance
i) Debtors
Trade and other debtors are recognised at the settlement amounts due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.
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j) Cash at Bank and in Hand Cash at bank and cash in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
-
k) Creditors and Provisions
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.
l) Pensions
The Charity operates a defined contribution scheme, the assets of which are held outside the Charity. The contributions by the Charity in the year are detailed in note 8.
WORCESTER CHRISTIAN EDUCATION TRUST
NOTES TO THE ACCOUNTS
for the year ended 31st August 2024 (continued)
2. Legal Status of the Charity
Worcester Christian Education Trust is registered as a charity with the Charity Commission. It is a Charitable Incorporated Organisation and was formed under a Deed of Trust dated 31st January 2017. With effect from 1st September 2017, it took over the assets and activity of a Charitable Trust with the same name and registered under reference 516511.
3. Income from donations
| Income from donations | ||
|---|---|---|
| Gifts and grants | 2024 £ 31,804 £31,804 |
2023 £ 21,573 |
| £21,573 |
Of the £31,804 received in 2024 (2023: £21,573) £3,625 was restricted funds (2023: £8,530) and £28,179 (2023: £13,043) unrestricted funds.
The charity benefits greatly from the involvement and enthusiastic support of its many volunteers, details of which are given in our annual report. In accordance with FRS 102 and the Charities SORP (FRS 102) the economic contribution of general volunteers is not recognised in the accounts.
4. Income from charitable activities
| Income from charitable activities | ||
|---|---|---|
| Fees Exam fees School trips |
2024 £ 918,171 7,090 11,185 £936,446 |
2023 £ 706,238 5,833 19,609 |
| £731,680 |
Of the £936,446 received in 2024 (2023: £731,680) £25,902 was restricted funds (2023: £35,196) and £910,544 (2023: £696,484) unrestricted funds.
5. Income earned from other trading activity
| Rental income 6. Income earned from other sources Miscellaneous income Oakfield Ventures - weddings Job retention scheme grant |
Unrestricted 2024 £ 9,600 £9,600 2024 £ 14,551 32,710 - £47,261 |
Unrestricted 2023 £ 9,100 £9,100 2023 £ 5,708 76,710 - £82,418 |
|---|---|---|
Of the £47,261 received in 2024 (2023: £82,418) £3,909 was restricted funds (2023: £nil) and £43,352 (2023: £82,418) unrestricted funds.
WORCESTER CHRISTIAN EDUCATION TRUST
NOTES TO THE ACCOUNTS
for the year ended 31st August 2024 (continued)
7. Analysis of expenditure on charitable activities
| Educational costs Staff costs Teaching materials Donations/gifts Exam fees School trips Household costs Establishment costs Property maintenance Services General costs IT support School office and photocopying Advertising Telephone Insurance Bank charges and interest Legal and professional Oakfield ventures Miscellaneous Depreciation and loss on disposal of assets Independent examination and accountancy fees Total |
School 2024 costs Total £ £ 678,209 678,209 45,473 45,473 415 415 7,052 7,052 12,941 12,941 3,105 3,105 58,811 58,811 33,093 33,093 14,849 14,849 15,622 15,622 2,024 2,024 4,777 4,777 16,171 16,171 31,764 31,764 4,864 4,864 20,273 20,273 5,602 5,602 16,777 16,777 4,158 4,158 £975,980 £975,980 |
2023 Total £ 667,619 29,133 2,393 5,632 20,080 2,300 16,678 34,842 5,142 12,387 3,739 4,006 14,419 26,678 2,966 46,399 15,084 36,297 3,804 |
|---|---|---|
| £949,598 |
Of the £975,980 expenditure in 2024 (2023: £949,598), £935,979 was charged to unrestricted funds (2023: £897,225) and £40,001 to restricted funds (2023: £52,373).
8. Analysis of staff costs and trustee remuneration and expenses
| Salaries and wages Social security costs Employer contribution to Defined Contribution Pension Scheme. |
2024 £ 630,972 35,052 12,026 £678,050 |
2023 £ 620,601 35,077 11,184 |
|---|---|---|
| £666,862 |
No employees had emoluments in excess of £60,000 (2023: Nil). Pension costs are allocated to activities in proportion to the related staffing costs incurred and are wholly charged to unrestricted funds.
WORCESTER CHRISTIAN EDUCATION TRUST
NOTES TO THE ACCOUNTS
for the year ended 31st August 2024 (continued)
8. Analysis of staff costs and trustee remuneration and expenses - Continued
The charity trustees were not paid or received any other benefits from employment with the charity in the year (2023: £Nil). No charity trustee received payment for professional or other services supplied to the charity (2023: £Nil).
No expenses were paid to trustees and their spouses in the year (2023: £nil reimbursed).
Some of the trustees and their spouses pay school fees at the reduced teacher rate for which they qualify as teachers.
The Trust considers its key management personnel to comprise of the trustees and the Senior Leadership Team. The total employment benefits of the key management personnel in the year was £162,445 (2023: £162 ,068).
9. Staff numbers
The average monthly number of employees during the year was as follows:
| Teaching Administration Maintenance Oakfield Events |
2024 Number 35 3 2 - 40 |
2023 Number 33 3 4 1 |
|---|---|---|
| 41 |
10. Related party transactions
During the year the trustees and their spouses donated £nil to the charity in total (2023: £1,565).
11. Tangible fixed assets
| Cost: As at 01.09.2023 Additions Disposals As at 31.08.2024 Depreciation: As at 01.09.2023 Charge for year On disposals As at 31.08.2024 Net book value: As at 31.08.2024 As at 31.08.2023 |
Freehold Furniture land and Motor and Soft buildings vehicles equipment furnishings £ £ £ £ 732,662 400 101,220 5,897 - - - - - - - - 732,662 400 101,220 5,897 164,628 400 61,464 5,843 12,788 - 3,976 13 - - - - 177,416 400 65,440 5,856 £555,246 £- £35,780 £41 £568,034 £- £39,756 £54 |
Total £ 840,179 - - |
|---|---|---|
| 840,179 | ||
| 232,335 16,777 - |
||
| 249,112 | ||
| £591,067 | ||
| £607,844 |
WORCESTER CHRISTIAN EDUCATION TRUST
NOTES TO THE ACCOUNTS
for the year ended 31st August 2024 (continued)
12. Debtors
| Trade debtors Prepayments and accrued income Other debtors |
2024 £ 22,084 4,317 - £26,401 |
2023 £ 28,596 11,894 816 |
|---|---|---|
| £41,306 |
13. Creditors: amounts falling due within one year
| Trade creditors Accruals Fees paid in advance Taxation and social security costs Loans Other creditors |
2024 £ 10,267 3,635 49,800 7,479 14,992 156,486 £242,659 |
2023 £ 24,042 3,478 2,489 7,978 15,746 69,603 |
|---|---|---|
| £123,336 |
14. Creditors: amounts falling due after more than one year
| Bounce back loan (falling due in less than 5 years) Loan (falling due in less than 5 years) Loan (falling due after 5 years) |
2024 £ 8,165 14,812 317,400 £340,377 |
2023 £ 18,467 17,815 318,332 |
|---|---|---|
| £354,614 |
15. Analysis of net assets between funds
| Tangible fixed assets Cash at bank and in hand Other net current assets/(liabilities) Creditors of more than one year Total |
General Restricted Fund Funds Total £ £ £ 591,067 - 591,067 174,126 16,943 191,069 (216,258) - (216,258) (340,377) - (340,377) |
|---|---|
| £208,558 £16,943 £225,501 |
WORCESTER CHRISTIAN EDUCATION TRUST
NOTES TO THE ACCOUNTS
for the year ended 31st August 2024 (continued)
16. Analysis of charitable funds
Analysis of movements in restricted funds
| School trips Exam fees Statemented pupils premium accounts Restricted gifts Funds for giving Total |
Balance Incoming Resources Funds 01.09.2023 resources expended Transfers 31.08.2024 £ £ £ £ £ 362 11,184 (11,466) (80) - 627 7,090 (7,050) - 667 12,751 7,627 (15,040) - 5,338 9,768 7,120 (6,030) 80 10,938 - 415 (415) - - |
|---|---|
| £23,508 £33,436£(40,001) £- £16,943 |
Name of restricted fund Description, nature and purposes of the fund School trips Income and expenditure relating to trips organised by the school. Exam fees Income and expenditure relating to examination fees. Statemented pupils premium accounts Funding from the LEA for statemented pupils. Restricted gifts Gifts given to the charity for specific purposes. Funds for giving Fund raising by the school for either donations to other organisations or for its own use.
Analysis of movements in unrestricted funds
| General fund Total Name of unrestricted fund |
Balance Incoming Resources Funds 01.09.2023 resources expended Transfers 31.08.2024 £ £ £ £ £ 152,862 991,675 (935,979) - 208,558 |
|---|---|
| £152,862 £991,675£(935,979) £- £208,558 |
|
| Description, nature and purposes of the fund |
General fund The 'free reserves' after allowing for all designated funds.
17. Analysis of changes in net debt
| Cash at bank and in hand Debt due within 1 year Debt due after 1 year Total Cash at bank and in hand Debt due within 1 year Debt due after 1 year Total |
At Cash At 01.09.2023 Flows 31.08.2024 £ £ £ 5,170 185,899 191,069 (15,746) 755 (14,991) (354,614) 14,237 (340,377) |
|---|---|
| £(365,190) £200,891 £(164,299) |
|
| At Cash At 01.09.2022 Flows 31.08.2023 £ £ £ 58,887 (53,717) 5,170 (18,579) 2,833 (15,746) (367,527) 12,913 (354,614) |
|
| £(327,219) £(37,971) £(365,190) |
WORCESTER CHRISTIAN EDUCATION TRUST
NOTES TO THE ACCOUNTS for the year ended 31st August 2024 (continued)
18. Other commitments and secured assets
At 31st August 2024 the charity had commitments under non-cancellable operating leases as follows:
Telephone equipment - over the remaining 1¼ years of the lease totalling £1,548.
Photocopier - over the remaining 3 years of the lease totalling £8,750.