**REGISTERED CHARITY NUMBER: 1171182** ## **REPORT OF THE TRUSTEES AND** ## **FINANCIAL STATEMENTS** **FOR THE PERIOD 1 MARCH 2020 TO 31 AUGUST 2021** ## **FOR** ## **CONNIE ROTHMAN LEARNING TRUST** Carter & Coley Chartered Accountants 3 Durrant Road Bournemouth Dorset BH2 6NE **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 1 MARCH 2020 TO 31 AUGUST 2021** ## **CONNIE ROTHMAN LEARNING TRUST** ||**Page**| |---|---| |**Report of the Trustees**|1 to 2| |**Independent Examiner's Report**|3| |**Statement of Financial Activities**|4| |**Balance Sheet**|5| |**Cash Flow Statement**|6| |**Notes to the Cash Flow Statement**|7| |**Notes to the Financial Statements**|8 to 14| |**Detailed Statement of Financial Activities**|15 to 16| ## **CONNIE ROTHMAN LEARNING TRUST** ## **REPORT OF THE TRUSTEES FOR THE PERIOD 1 MARCH 2020 TO 31 AUGUST 2021** The trustees present their report with the financial statements of the charity for the period 1 March 2020 to 31 August 2021. 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 objects of the CIO are for the public benefit to promote the education of people aged 18 and younger in particular,but not exclusively, those who have need because of their youth, age, gender, infirmity or disability, poverty or social and economic circumstances, in such ways as the charity trustees think fit, including: the operation of a registered charity run independent special school developing and providing workshops, classes, and tutoring in the areas of computer science, science, technology engineering, mathematics, literacy, and the humanities. A future goal of the charity is to award to such people scholarships, maintenance allowances or grants undertaking research in blended learning and technology education with the opportunity to assist the trust in developing innovative and creative programmes. In addition the charity seeks to:- Advance education, social well-being, and assist in ensuring future opportunities by providing facilities, materials, supplementary education and tuition. Improve conditions of life for under resources students through a variety of educational programmes. Enable students to advance in skills and knowledge who by reason of personal and financial hardship would be otherwise unable to engage and benefit from tuition and supplementary education. Develop and implement collaborative programmes with other educational institutions, including schools, educational trusts, and community centres. ## **Public benefit** The trustees have due regard to public benefit when planning and approving the charity's activities, in accordance with the Charity Commission's Guidance on Public Benefit. During the past year, the charity has operated multiple programmes for the education and development of students who have social, psychological, and physical challenges. The charity runs an alternative provision day programme for students who cannot access mainstream education for many reasons. This has included a programme for young carers funded by the Leonardo Trust and our surplus funds and a rolling scholarship programme to enable students who would not have otherwise been able to access tuition or supplementary education. We also find after-school tutoring for students. We work closely with several schools and learning authorities to develop and provide educational opportunities. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1171182 Page 1 ## **CONNIE ROTHMAN LEARNING TRUST** ## **REPORT OF THE TRUSTEES FOR THE PERIOD 1 MARCH 2020 TO 31 AUGUST 2021** **Principal address** 107-109 Belle Vue Road Bournemouth Dorset ## **Trustees** H Thiel J A H Moocarme S Brewer E Dearlove Mrs K Rothman Mrs C Hector C Griffiths (appointed 9/9/2020) G C Waylett ## **Independent Examiner** Carter & Coley Chartered Accountants 3 Durrant Road Bournemouth Dorset BH2 6NE Approved by order of the board of trustees on 5 January 2022 and signed on its behalf by: H Thiel - Trustee Page 2 **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CONNIE ROTHMAN LEARNING TRUST** ## **Independent examiner's report to the trustees of Connie Rothman Learning Trust** I report to the charity trustees on my examination of the accounts of Connie Rothman Learning Trust (the Trust) for the period 1 March 2020 to 31 August 2021. ## **Responsibilities and basis of report** As the charity trustees of the Trust 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 Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the 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 registered member of Chartered Accountant which is one of the listed bodies. 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: 1. accounting records were not kept in respect of the Trust as required by section 130 of the 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. Andrew A Clark Chartered Accountant Carter & Coley Chartered Accountants 3 Durrant Road Bournemouth Dorset BH2 6NE 5 January 2022 Page 3 ## **CONNIE ROTHMAN LEARNING TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1 MARCH 2020 TO 31 AUGUST 2021** |||||**Period**|| |---|---|---|---|---|---| |||||**1/3/20**|| |||||**to**|Year ended| |||||**31/8/21**|29/2/20| |||Unrestricted|Restricted|**Total**|Total| |||fund|funds|**funds**|funds| ||Notes|£|£|**£**|£| |**INCOME AND ENDOWMENTS FROM**|||||| |Donations and legacies|2|**955,063**|**18,000**|**973,063**|625,929| |Other trading activities|3|**153**|**-**|**153**|-| |**Total**||**955,216**|**18,000**|**973,216**|625,929| |**EXPENDITURE ON**|||||| |Raising funds|4|**48,947**|**-**|**48,947**|-| |**Charitable activities**|5||||| |Education||**683,014**|**10,960**|**693,974**|420,746| |Other||**54,315**|**6,081**|**60,396**|35,805| |**Total**||**786,276**|**17,041**|**803,317**|456,551| |**NET INCOME**||**168,940**|**959**|**169,899**|169,378| |**RECONCILIATION OF FUNDS**|||||| |**Total funds brought forward**||**212,719**|**-**|**212,719**|43,341| |**TOTAL FUNDS CARRIED FORWARD**||**381,659**|**959**|**382,618**|212,719| The notes form part of these financial statements Page 4 ## **CONNIE ROTHMAN LEARNING TRUST** ## **BALANCE SHEET 31 AUGUST 2021** |Unrestricted
Restricted
fund
funds
Notes
£
£
**FIXED ASSETS**
Tangible assets
11
**5,070**
**959**
**CURRENT ASSETS**
Debtors
12
**2,839**
**-**
Cash at bank
**397,838**
**-**
**400,677**
**-**
**CREDITORS**
Amounts falling due within one year
13
**(24,088)**
**-**
**NET CURRENT ASSETS**
**376,589**
**-**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**381,659**
**959**
**NET ASSETS**
**381,659**
**959**
**FUNDS**
14
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|**2021**
**Total**
**funds**
**£**
**6,029**
**2,839**
**397,838**
**400,677**
**(24,088)**
**376,589**
**382,618**
**382,618**
**381,659**
**959**
**382,618**|2020
Total
funds
£
1,375
-
265,091
265,091
(53,747)
211,344
212,719
212,719
212,719
-
212,719| |---|---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 5 January 2022 and were signed on its behalf by: H Thiel - Trustee The notes form part of these financial statements Page 5 ## **CONNIE ROTHMAN LEARNING TRUST** ## **CASH FLOW STATEMENT FOR THE PERIOD 1 MARCH 2020 TO 31 AUGUST 2021** |Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash provided by operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Net cash used in investing activities
**Change in cash and cash equivalents**
**in the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end**
**of the reporting period**|**Period**
**1/3/20**
**to**
Year ended
**31/8/21**
29/2/20
**£**
£
**143,349**
198,657
**143,349**
198,657
**(10,602)**
(2,063)
**(10,602)**
(2,063)
**132,747**
196,594
**265,091**
68,497
**397,838**
265,091| |---|---| The notes form part of these financial statements Page 6 ## **CONNIE ROTHMAN LEARNING TRUST** ## **NOTES TO THE CASH FLOW STATEMENT FOR THE PERIOD 1 MARCH 2020 TO 31 AUGUST 2021** ## **1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES** |**Net income for the reporting period (as per the Statement of**
**Financial Activities)**
**Adjustments for:**
Depreciation charges
Increase in debtors
(Decrease)/increase in creditors
**Net cash provided by operations**|**Period**
**1/3/20**
**to**
Year ended
**31/8/21**
29/2/20
**£**
£
**169,899**
169,378
**5,948**
688
**(2,839)**
-
**(29,659)**
28,591
**143,349**
198,657| |---|---| ## 2. **ANALYSIS OF CHANGES IN NET FUNDS** ||At 1/3/20|Cash flow|**At 31/8/21**| |---|---|---|---| ||£|£|**£**| |**Net cash**|||| |Cash at bank|**265,091**|**132,747**|**397,838**| ||**265,091**|**132,747**|**397,838**| |**Total**|**265,091**|**132,747**|**397,838**| The notes form part of these financial statements Page 7 **CONNIE ROTHMAN LEARNING TRUST** **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 1 MARCH 2020 TO 31 AUGUST 2021** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, 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 Charities Act 2011. 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 cost Computer equipment - 33% on cost ## **Taxation** The charity is exempt from 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 charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. continued... Page 8 ## **CONNIE ROTHMAN LEARNING TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 MARCH 2020 TO 31 AUGUST 2021** |**2.**
**DONATIONS AND LEGACIES**
Donations
Fees receivable
**3.**
**OTHER TRADING ACTIVITIES**
Fundraising events
**4.**
**RAISING FUNDS**
**Raising donations and legacies**
Staff costs
**Other trading activities**
Purchases
Aggregate amounts|**Period**
**1/3/20**
**to**
Year ended
**31/8/21**
29/2/20
**£**
£
**49,912**
-
**923,151**
625,929
**973,063**
625,929
**Period**
**1/3/20**
**to**
Year ended
**31/8/21**
29/2/20
**£**
£
**153**
-
**Period**
**1/3/20**
**to**
Year ended
**31/8/21**
29/2/20
**£**
£
**48,835**
-
**Period**
**1/3/20**
**to**
Year ended
**31/8/21**
29/2/20
**£**
£
**112**
-
**48,947**
-| |---|---| ||| continued... Page 9 ## **CONNIE ROTHMAN LEARNING TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 MARCH 2020 TO 31 AUGUST 2021** ## **5. CHARITABLE ACTIVITIES COSTS** |**5.**|**CHARITABLE ACTIVITIES COSTS**|| |---|---|---| |||Direct| |||Costs| |||£| ||Education|**693,974**| |**6.**|**SUPPORT COSTS**|| |||Governance| |||costs| |||£| ||Other resources expended|**6,471**| ## **7. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the period ended 31 August 2021 nor for the year ended 29 February 2020. ## **Trustees' expenses** There were no trustees' expenses paid for the period ended 31 August 2021 nor for the year ended 29 February 2020. ## **8. STAFF COSTS** |Wages and salaries
Social security costs
Other pension costs|**Period**
**1/3/20**
**to**
Year ended
**31/8/21**
29/2/20
**£**
£
**615,675**
355,728
**40,997**
22,316
**4,944**
3,897
**661,616**
381,941| |---|---| The average monthly number of employees during the period was as follows: ||**Period**|| |---|---|---| ||**1/3/20**|| ||**to**|Year ended| ||**31/8/21**|29/2/20| |Staff|**33**|23| No employees received emoluments in excess of £60,000. continued... Page 10 ## **CONNIE ROTHMAN LEARNING TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 MARCH 2020 TO 31 AUGUST 2021** |**9.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
Restricted
fund
funds
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
625,929
-
**EXPENDITURE ON**
**Charitable activities**
Education
420,746
-
Other
35,805
-
**Total**
456,551
-
**NET INCOME**
169,378
-
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
43,341
-
**TOTAL FUNDS CARRIED**
**FORWARD**
212,719
-|Total
funds
£
625,929
420,746
35,805| |---|---| ||456,551| ||169,378
43,341| ||212,719| ## **10. KEY MANAGEMENT** The Trustees have identified R Parson, E Rothman and M Riding as key management. The total remuneration cost including gross pay, employers national insurance and employers pension costs in the 18 month period was £215,481 (2020 - year £67,304). continued... Page 11 ## **CONNIE ROTHMAN LEARNING TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 MARCH 2020 TO 31 AUGUST 2021** |**11.**
**TANGIBLE FIXED ASSETS**
Fixtures
and
Computer
fittings
equipment
£
£
**COST**
At 1 March 2020
**-**
**2,063**
Additions
**743**
**9,859**
At 31 August 2021
**743**
**11,922**
**DEPRECIATION**
At 1 March 2020
**-**
**688**
Charge for year
**279**
**5,669**
At 31 August 2021
**279**
**6,357**
**NET BOOK VALUE**
At 31 August 2021
**464**
**5,565**
At 29 February 2020
-
1,375
**12.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2021**
**£**
Trade debtors
**2,839**
**13.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2021**
**£**
Trade creditors
**1,375**
Taxation and social security
**21,062**
Other creditors
**1,651**
**24,088**|Totals
£
**2,063**
**10,602**
**12,665**
**688**
**5,948**
**6,636**
**6,029**
1,375
2020
£
-
2020
£
3,236
12,560
37,951| |---|---| ||53,747| continued... Page 12 ## **CONNIE ROTHMAN LEARNING TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 MARCH 2020 TO 31 AUGUST 2021** |**14.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**Restricted funds**
Clothworkers
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**Restricted funds**
Hargreaves
Clothworkers
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1/3/20
£
**212,719**
**-**
**212,719**

Incoming
resources
£
**955,216**
**10,000**
**8,000**
**18,000**
**973,216**
At 1/3/19
£
43,341
43,341|Net
movement
At
in funds
31/8/21
£
£
**168,940**
**381,659**
**959**
**959**
**169,899**
**382,618**
Resources
Movement
expended
in funds
£
£
**(786,276)**
**168,940**
**(10,000)**
**-**
**(7,041)**
**959**
**(17,041)**
**959**
**(803,317)**
**169,899**
Net
movement
At
in funds
29/2/20
£
£
169,378
212,719
169,378
212,719| |---|---|---| continued... Page 13 ## **CONNIE ROTHMAN LEARNING TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 MARCH 2020 TO 31 AUGUST 2021** ## **14. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
625,929
625,929|Resources
Movement
expended
in funds
£
£
(456,551)
169,378
(456,551)
169,378| |---|---|---| The general fund is available for use for the primary activity of education as specified within the governing document. The Hargreaves restricted fund was utilised in full on the close the gap programme at the Summer school in 2021. The Clothworkers restricted fund was spent on IT infrastructure and capital expenditure on computer equipment. ## **15. RELATED PARTY DISCLOSURES** There were no related party transactions for the period ended 31 August 2021. Page 14 ## **CONNIE ROTHMAN LEARNING TRUST** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1 MARCH 2020 TO 31 AUGUST 2021** ||Period||| |---|---|---|---| ||1/3/20||| ||to|Year en|ded| ||31/8/21|29/2/20|| ||£|£|| |**INCOME AND ENDOWMENTS**|||| |**Donations and legacies**|||| |Donations|**49,912**|-|| |Fees receivable|**923,151**|625,929|| ||**973,063**|625,929|| |**Other trading activities**|||| |Fundraising events|**153**|-|| |**Total incoming resources**|**973,216**|625,929|| |**EXPENDITURE**|||| |**Raising donations and legacies**|||| |Wages|**47,528**|-|| |Social security|**31**|-|| |Pensions|**1,276**|-|| ||**48,835**|-|| |**Other trading activities**|||| |Purchases|**112**|-|| |**Charitable activities**|||| |Wages|**568,147**|355,728|| |Social security|**40,966**|22,316|| |Pensions|**3,668**|3,897|| |Rent and rates|**27,764**|11,636|| |Insurance|**11,230**|2,493|| |Light and heat|**4,225**|2,084|| |Consultancy|**6,698**|11,004|| |Repairs and maintenance|**2,682**|2,667|| |Cleaning|**3,835**|2,047|| |Travel|**451**|1,321|| |Carried forward|**669,666**|415,193|| This page does not form part of the statutory financial statements Page 15 ## **CONNIE ROTHMAN LEARNING TRUST** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1 MARCH 2020 TO 31 AUGUST 2021** ||Period||| |---|---|---|---| ||1/3/20||| ||to|Year en|ded| ||31/8/21|29/2/20|| ||£|£|| |**Charitable activities**|||| |Brought forward|**669,666**|415,193|| |Training costs|**4,967**|4,865|| |Educational supplies|**10,077**|-|| |Exam fees|**3,316**|-|| |Fixtures and fittings|**279**|-|| |Computer equipment|**5,669**|688|| ||**693,974**|420,746|| |**Other**|||| |Stationery|**6,612**|10,965|| |Software|**23,398**|870|| |Telephone|**2,777**|942|| |Promotion and advertising|**187**|1,106|| |Professional fees|**10,470**|16,778|| |Subscriptions|**9,689**|2,117|| |Sundry|**411**|151|| |Bank charges|**381**|123|| ||**53,925**|33,052|| |**Support costs**|||| |**Governance costs**|||| |Accountancy and legal fees|**6,471**|2,753|| |Total resources expended|**803,317**|456,551|| |**Net income**|**169,899**|169,378|| This page does not form part of the statutory financial statements Page 16