**REGISTERED CHARITY NUMBER: 1171182** 

## **REPORT OF THE TRUSTEES AND** 

## **FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED 31 AUGUST 2022** 

## **FOR** 

## **CONNIE ROTHMAN LEARNING TRUST** 

Carter & Coley Limited Chartered Accountants and Statutory Auditor 3 Durrant Road Bournemouth Dorset BH2 6NE 



## **CONNIE ROTHMAN LEARNING TRUST** 

## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022** 

||Page|
|---|---|
|Report of the Trustees|1 to 3|
|Statement of Trustees' Responsibilities|4|
|Report of the Independent Auditors|5 to 8|
|Statement of Financial Activities|9|
|Balance Sheet|10|
|Cash Flow Statement|11|
|Notes to the Cash Flow Statement|12|
|Notes to the Financial Statements|13 to 21|





## **CONNIE ROTHMAN LEARNING TRUST** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022** 

The trustees present their report with the financial statements of the charity for the year ended 31 August 2022. 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 fund after-school tutoring for students. We work closely with several schools and learning authorities to develop and provide educational opportunities. 

Page 1 



## **CONNIE ROTHMAN LEARNING TRUST** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022** 

## FUTURE PLANS 

A move to new premises is imperative to make the school sustainable and offer our pupils the facilities they deserve. 

The Chief Executive reported that the search for a new building for the school has been problematical and difficult over the last six years. Problems with finding an affordable building that meets the schools needs and appropriate planning has complicated the search. A building was found, which the charity was going to purchase following architects designs for renovations, gaining approval from BCP Conservation Officer and the planning board; however, because of issues with the freeholder, the purchase was unable to go forward. A smaller new building was found and negotiations for a long-term lease are underway at the time of posting these accounts. Acquiring new premises is the most immediate need for the school, so that we can improve the quality of education, that enhances the wellbeing of students and staff and exceeds current levels and expectations of education and life skills. New facilities must include a science lab, art room, music room, cooking facilities and outdoor space. 

We as Trustees' wholeheartedly support the aspirations and the move to better and larger facilities. Furthermore, multiple programmes the trust sponsors can be managed and facilitated in a new building without the need to hire space in other vicinities. 

## 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 

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 (resigned 1/9/2021) C Griffiths G C Waylett P Ford 

Page 2 



## **CONNIE ROTHMAN LEARNING TRUST** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022** 

REFERENCE AND ADMINISTRATIVE DETAILS Auditors Carter & Coley Limited Chartered Accountants and Statutory Auditor 3 Durrant Road Bournemouth Dorset BH2 6NE Approved by order of the board of trustees on 24 March 2023 and signed on its behalf by: 

H Thiel - Trustee 

Page 3 



## **CONNIE ROTHMAN LEARNING TRUST** 

## **STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 AUGUST 2022** 

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charity SORP; 

- make judgements and estimates that are reasonable and prudent; 

- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. 

The trustees are responsible for keeping proper accounting records which 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 Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

Page 4 



## **REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF CONNIE ROTHMAN LEARNING TRUST** 

## Opinion 

We have audited the financial statements of Connie Rothman Learning Trust (the 'charity') for the year ended 31 August 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

## In our opinion the financial statements: 

- give a true and fair view of the state of the charity's affairs as at 31 August 2022 and of its incoming resources and application of resources, for the year then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and 

- have been prepared in accordance with the requirements of the Charities Act 2011. 

## Basis for opinion 

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 

## Conclusions relating to going concern 

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. 

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. 

## Other information 

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. 

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. 

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. 

Page 5 



**REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF CONNIE ROTHMAN LEARNING TRUST** 

## Matters on which we are required to report by exception 

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion: 

- the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or 

- sufficient accounting records have not been kept; or 

- the financial statements are not in agreement with the accounting records and returns; or 

- we have not received all the information and explanations we require for our audit. 

## Responsibilities of trustees 

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. 

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. 

Page 6 



**REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF CONNIE ROTHMAN LEARNING TRUST** 

## Our responsibilities for the audit of the financial statements 

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 

We obtained copies of the Trustee minutes and reviewed the published learning trust policies. After considering these documents we planned our audit tests based on any perceived weaknesses identified in these documents. 

We tested income streams and confirmed that there are robust systems in place to ensure that all income is recognised. 

We tested the payroll of the Trust to ensure that all staff were paid at approved rates. 

We reviewed other costs using analytical processes. 

We confirmed the existence of material assets by reference to supporting documentation. 

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors. 

## Other matters which we are required to address 

The financial statements for the prior period were not audited. Our audit work on opening balances does not reveal any material misstatement. 

Page 7 



**REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF CONNIE ROTHMAN LEARNING TRUST** 

## Use of our report 

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed. 

Carter & Coley Limited Chartered Accountants and Statutory Auditor 3 Durrant Road Bournemouth Dorset BH2 6NE 

24 March 2023 

Page 8 



## **CONNIE ROTHMAN LEARNING TRUST** 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022** 

|Notes<br>INCOME AND ENDOWMENTS FROM<br>Donations and legacies<br>2<br>Other trading activities<br>3<br>Investment income<br>4<br>Total<br>EXPENDITURE ON<br>Raising funds<br>5<br>Charitable activities<br>6<br>Education<br>Other<br>Total<br>NET INCOME<br>RECONCILIATION OF FUNDS<br>Total funds brought forward<br>TOTAL FUNDS CARRIED FORWARD|Year ended<br>31/8/22<br>Unrestricted<br>Restricted<br>Total<br>fund<br>funds<br>funds<br>£<br>£<br>£<br>1,016,940<br>2,500<br>1,019,440<br>-<br>-<br>-<br>68<br>-<br>68<br>1,017,008<br>2,500<br>1,019,508<br>28,297<br>-<br>28,297<br>559,396<br>640<br>560,036<br>27,777<br>-<br>27,777<br>615,470<br>640<br>616,110<br>401,538<br>1,860<br>403,398<br>381,659<br>959<br>382,618<br>783,197<br>2,819<br>786,016|Period<br>1/3/20<br>to<br>31/8/21<br>Total<br>funds<br>£<br>973,063<br>153<br>-|
|---|---|---|
|||973,216|
|||48,947<br>693,974<br>60,396|
|||803,317|
|||169,899<br>212,719|
|||382,618|



The notes form part of these financial statements 

Page 9 



## **CONNIE ROTHMAN LEARNING TRUST** 

## **BALANCE SHEET 31 AUGUST 2022** 

|Unrestricted<br>Restricted<br>fund<br>funds<br>Notes<br>£<br>£<br>FIXED ASSETS<br>Tangible assets<br>13<br>3,277<br>319<br>CURRENT ASSETS<br>Debtors<br>14<br>10,704<br>-<br>Cash at bank<br>787,667<br>2,500<br>798,371<br>2,500<br>CREDITORS<br>Amounts falling due within one year<br>15<br>(18,451)<br>-<br>NET CURRENT ASSETS<br>779,920<br>2,500<br>TOTAL ASSETS LESS CURRENT<br>LIABILITIES<br>783,197<br>2,819<br>NET ASSETS<br>783,197<br>2,819<br>FUNDS<br>16<br>Unrestricted funds<br>Restricted funds<br>TOTAL FUNDS|2022<br>Total<br>funds<br>£<br>3,596<br>10,704<br>790,167<br>800,871<br>(18,451)<br>782,420<br>786,016<br>786,016<br>783,197<br>2,819<br>786,016|2021<br>Total<br>funds<br>£<br>6,029<br>2,839<br>397,838<br>400,677<br>(24,088)<br>376,589<br>382,618<br>382,618<br>381,659<br>959<br>382,618|
|---|---|---|



The financial statements were approved by the Board of Trustees and authorised for issue on 24 March 2023 and were signed on its behalf by: 

H Thiel - Trustee 

The notes form part of these financial statements 

Page 10 



## **CONNIE ROTHMAN LEARNING TRUST** 

## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2022** 

|Year ended<br>31/8/22<br>Notes<br>£<br>Cash flows from operating activities<br>Cash generated from operations<br>1<br>396,337<br>Net cash provided by operating activities<br>396,337<br>Cash flows from investing activities<br>Purchase of tangible fixed assets<br>(4,076)<br>Interest received<br>68<br>Net cash used in investing activities<br>(4,008)<br>Change in cash and cash equivalents in<br>the reporting period<br>392,329<br>Cash and cash equivalents at the<br>beginning of the reporting period<br>397,838<br>Cash and cash equivalents at the end of<br>the reporting period<br>790,167|Period<br>1/3/20<br>to<br>31/8/21<br>£<br>143,349<br>143,349<br>(10,602)<br>-<br>(10,602)<br>132,747<br>265,091<br>397,838|
|---|---|



The notes form part of these financial statements 

Page 11 



## **CONNIE ROTHMAN LEARNING TRUST** 

## **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2022** 

## 1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 

|ACTIVITIES||||
|---|---|---|---|
||||Period|
||||1/3/20|
|||Year ended|to|
|||31/8/22|31/8/21|
|||£|£|
|Net income for the reporting period (as per the Statement of||||
|Financial Activities)||403,398|169,899|
|Adjustments for:||||
|Depreciation charges||6,509|5,948|
|Interest received||(68)|-|
|Increase in debtors||(7,865)|(2,839)|
|Decrease in creditors||(5,637)|(29,659)|
|Net cash provided by operations||396,337|143,349|
|ANALYSIS OF CHANGES IN NET FUNDS||||
||At 1/9/21|Cash flow|At 31/8/22|
||£|£|£|
|Net cash||||
|Cash at bank|397,838|392,329|790,167|
||397,838|392,329|790,167|
|Total|397,838|392,329|790,167|



## 2. ANALYSIS OF CHANGES IN NET FUNDS 

The notes form part of these financial statements 

Page 12 



## **CONNIE ROTHMAN LEARNING TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022** 

## 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. 

Page 13 



## **CONNIE ROTHMAN LEARNING TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022** 

## 2. DONATIONS AND LEGACIES 

|2.<br>DONATIONS AND LEGACIES|||
|---|---|---|
|Donations<br>Fees receivable<br>3.<br>OTHER TRADING ACTIVITIES<br>Fundraising events<br>4.<br>INVESTMENT INCOME<br>Deposit account interest|Year ended<br>31/8/22<br>£<br>7,797<br>1,011,643<br>1,019,440<br>Year ended<br>31/8/22<br>£<br>-<br>Year ended<br>31/8/22<br>£<br>68|Period<br>1/3/20<br>to<br>31/8/21<br>£<br>49,912<br>923,151|
|||973,063|
|||Period<br>1/3/20<br>to<br>31/8/21<br>£<br>153<br>Period<br>1/3/20<br>to<br>31/8/21<br>£<br>-|



Page 14 



## **CONNIE ROTHMAN LEARNING TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022** 

|5.|RAISING FUNDS||||
|---|---|---|---|---|
||Raising donations and legacies||||
|||||Period|
|||||1/3/20|
||||Year ended|to|
||||31/8/22|31/8/21|
||||£|£|
||Staff costs||28,297|48,835|
||Other trading activities||||
|||||Period|
|||||1/3/20|
||||Year ended|to|
||||31/8/22|31/8/21|
||||£|£|
||Purchases||-|112|
||Aggregate amounts||28,297|48,947|
|6.|CHARITABLE ACTIVITIES COSTS||||
||||Support||
|||Direct|costs (see||
|||Costs|note 7)|Totals|
|||£|£|£|
||Education|550,304|9,732|560,036|



Page 15 



## **CONNIE ROTHMAN LEARNING TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022** 

## 7. SUPPORT COSTS 

|SUPPORT COSTS|||
|---|---|---|
|||Governance|
|||costs|
|||£|
|Education||9,732|
|AUDITORS' REMUNERATION|||
|||Period|
|||1/3/20|
||Year ended|to|
||31/8/22|31/8/21|
||£|£|
|Fees payable to the charity's auditors for the audit of the charity's|||
|financial statements|6,600|-|
|Other non-audit services|3,132|-|



## 8. AUDITORS' REMUNERATION 

The 2021 accounts were not subject to audit but the effective comparative figure was:- 

Independent examination and other services £6,471. 

## 9. TRUSTEES' REMUNERATION AND BENEFITS 

There were no trustees' remuneration or other benefits for the year ended 31 August 2022 nor for the period ended 31 August 2021. 

## Trustees' expenses 

There were no trustees' expenses paid for the year ended 31 August 2022 nor for the period ended 31 August 2021. 

Page 16 



## **CONNIE ROTHMAN LEARNING TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022** 

## 10. STAFF COSTS 

|Year ended<br>31/8/22<br>£<br>Wages and salaries<br>450,681<br>Social security costs<br>31,431<br>Other pension costs<br>16,441<br>498,553<br>The average monthly number of employees during the year was as follows:<br>Year ended<br>31/8/22<br>Staff<br>34<br>No employees received emoluments in excess of £60,000.<br>11.<br>COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES<br>Unrestricted<br>Restricted<br>fund<br>funds<br>£<br>£<br>INCOME AND ENDOWMENTS FROM<br>Donations and legacies<br>955,063<br>18,000<br>Other trading activities<br>153<br>-<br>Total<br>955,216<br>18,000<br>EXPENDITURE ON<br>Raising funds<br>48,947<br>-<br>Charitable activities<br>Education<br>683,014<br>10,960<br>Other<br>54,315<br>6,081<br>Total<br>786,276<br>17,041|Period<br>1/3/20<br>to<br>31/8/21<br>£<br>615,675<br>40,997<br>4,944<br>661,616<br>Period<br>1/3/20<br>to<br>31/8/21<br>33<br>Total<br>funds<br>£<br>973,063<br>153<br>973,216<br>48,947<br>693,974<br>60,396<br>803,317|Period<br>1/3/20<br>to<br>31/8/21<br>£<br>615,675<br>40,997<br>4,944<br>661,616<br>Period<br>1/3/20<br>to<br>31/8/21<br>33<br>Total<br>funds<br>£<br>973,063<br>153<br>973,216<br>48,947<br>693,974<br>60,396<br>803,317|
|---|---|---|
||||
|||973,216|
|||48,947<br>693,974<br>60,396|
|||803,317|



Page 17 



## **CONNIE ROTHMAN LEARNING TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022** 

## 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued 

|Unrestricted<br>fund<br>£<br>NET INCOME<br>168,940<br>RECONCILIATION OF FUNDS<br>Total funds brought forward<br>212,719<br>TOTAL FUNDS CARRIED FORWARD<br>381,659|Restricted<br>funds<br>£<br>959<br>-<br>959|Total<br>funds<br>£|
|---|---|---|
|||169,899<br>212,719|
|||382,618|



## 12. 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 period was £178,595 (2021 - £215,481). 

## 13. TANGIBLE FIXED ASSETS 

|COST<br>At 1 September 2021<br>Additions<br>At 31 August 2022<br>DEPRECIATION<br>At 1 September 2021<br>Charge for year<br>At 31 August 2022<br>NET BOOK VALUE<br>At 31 August 2022<br>At 31 August 2021|Fixtures<br>and<br>Computer<br>fittings<br>equipment<br>£<br>£<br>743<br>11,922<br>901<br>3,175<br>1,644<br>15,097<br>279<br>6,357<br>411<br>6,098<br>690<br>12,455<br>954<br>2,642<br>464<br>5,565|Totals<br>£<br>12,665<br>4,076|
|---|---|---|
|||16,741|
|||6,636<br>6,509|
|||13,145|
|||3,596|
|||6,029|



Page 18 



## **CONNIE ROTHMAN LEARNING TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022** 

|14.<br>DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR<br>Trade debtors<br>Prepayments and accrued income<br>15.<br>CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR<br>Trade creditors<br>Taxation and social security<br>Other creditors<br>16.<br>MOVEMENT IN FUNDS<br>At 1/9/21<br>£<br>Unrestricted funds<br>General fund<br>381,659<br>Restricted funds<br>Clothworkers<br>959<br>Pignatelli<br>-<br>959<br>TOTAL FUNDS<br>382,618|2022<br>£<br>-<br>10,704<br>10,704<br>2022<br>£<br>1,562<br>8,885<br>8,004<br>18,451<br>Net<br>movement<br>in funds<br>£<br>401,538<br>(640)<br>2,500<br>1,860<br>403,398|2021<br>£<br>2,839<br>-<br>2,839<br>2021<br>£<br>1,375<br>21,062<br>1,651<br>24,088<br>At<br>31/8/22<br>£<br>783,197<br>319<br>2,500|2021<br>£<br>2,839<br>-|
|---|---|---|---|
||||2,839|
||||2021<br>£<br>1,375<br>21,062<br>1,651|
||||24,088|
|||2,819||
|||786,016||



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## **CONNIE ROTHMAN LEARNING TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022** 

## 16. MOVEMENT IN FUNDS - continued 

Net movement in funds, included in the above are as follows: 

|Unrestricted funds<br>General fund<br>Restricted funds<br>Clothworkers<br>Pignatelli<br>TOTAL FUNDS<br>Comparatives for movement in funds<br>Unrestricted funds<br>General fund<br>Restricted funds<br>Clothworkers<br>TOTAL FUNDS|Incoming<br>resources<br>£<br>1,017,008<br>-<br>2,500<br>2,500<br>1,019,508<br>At 1/3/20<br>£<br>212,719<br>-<br>212,719||Resources<br>expended<br>£<br>(615,470)<br>(640)<br>-<br>(640)<br>(616,110)<br>Net<br>movement<br>in funds<br>£<br>168,940<br>959<br>169,899|Movement<br>in funds<br>£<br>401,538<br>(640)<br>2,500<br>1,860<br>403,398<br>At<br>31/8/21<br>£<br>381,659<br>959<br>382,618|
|---|---|---|---|---|
||||||
||||||
||||||



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## **CONNIE ROTHMAN LEARNING TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022** 

## 16. MOVEMENT IN FUNDS - continued 

Comparative net movement in funds, included in the above are as follows: 

|Unrestricted funds<br>General fund<br>Restricted funds<br>Hargreaves<br>Clothworkers<br>TOTAL FUNDS|Incoming<br>resources<br>£<br>955,216<br>10,000<br>8,000<br>18,000<br>973,216|Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(786,276)<br>168,940<br>(10,000)<br>-<br>(7,041)<br>959<br>(17,041)<br>959<br>(803,317)<br>169,899|
|---|---|---|



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. 

The Pignatelli restricted fund will be used to fund the close the gap programme. 

## 17. RELATED PARTY DISCLOSURES 

There were no related party transactions for the year ended 31 August 2022. 

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