**REGISTERED CHARITY NUMBER: 1171182**
## **REPORT OF THE TRUSTEES AND**
## **FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 AUGUST 2023**
## **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 2023**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 4|
|**Statement of Trustees' Responsibilities**|5|
|**Report of the Independent Auditors**|6 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 20|
|**Detailed Statement of Financial Activities**|21 to 22|
## **CONNIE ROTHMAN LEARNING TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023**
The trustees present their report with the financial statements of the charity for the year ended 31 August 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and 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 19 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 (Connie Rothman School), an alternative provision learning centre (Approach Tutoring and Mentoring), after school tutoring programme, opportunities for young carers to enhance their education, 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 education 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 students, especially those who are disadvantaged, 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.
Page 1
## **CONNIE ROTHMAN LEARNING TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023**
## **OBJECTIVES AND ACTIVITIES**
## **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. Connie Rothman School, the registered charity run independent special school provides secondary education and post 16 education, as a sixth form, for students who have complex needs, including ASD, moderate to significant anxiety, low mood, and other SEMH needs or physical needs. This provision is open to all within the community with students placed and funded by local authorities and schools, thereby allowing a comfortable and safe environment for students who cannot attend or struggle to attend mainstream education. The school is a nurturing environment supporting mental health and physical needs. The Trust also operates an alternative provision day programme called Approach Tutoring and Mentoring for students who cannot access mainstream education or full-time special education for many reasons. One goal for Approach is to be a venue for transition into Connie Rothman School, mainstream school, apprenticeships and other education and training opportunities. Another primary objective is to facilitate learning in such a manner as to assist the students in gaining appropriate qualifications that will allow them to progress into further education, training, and employment.
The Trust also facilitates and provides programmes for young carers. These programmes are funded by surplus funds, grants through the Leonardo Trust and other charities, and a rolling scholarship programme to enable students who would not have otherwise been able to access tuition or supplementary education. CRLT also funds after-school tutoring for disadvantaged students in our programme that currently operates at our Southbourne facility. We work closely with several schools and learning authorities to develop and provide educational opportunities.
## **FINANCIAL REVIEW**
## **Reserves policy**
As a registered charity run independent special school, CRLT and Connie Rothman School do not receive any help from the DfE or other government agencies for the purchase, lease or upkeep of a building. Therefore, the Board of Trustees have authorised all surplus funds to be put aside for the purchase and renovation of a building(s) when suitable facilities have been found.
The goal is to complete the purchase and renovation of a new building within five years.
Surplus funds are those funds not required for the operation of CRLT programmes, most notably Connie Rothman School and Approach Tutoring and Mentoring, including resources required for the benefit of students and those funds, according to the Reserves Policy, required for three months of the operations budget.
The total reserves at the balance sheet date were £1,036,313. In the opinion of the Trustees £330,000 would be needed in the event of the charity ceasing activities.
Page 2
## **CONNIE ROTHMAN LEARNING TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023**
## **FUTURE PLANS**
A move to new premises is imperative to make the school sustainable and offer our pupils the facilities they deserve.
The search for a new building for the school has been problematical and difficult over the last seven 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 were undertaken; however, the offer of the lease was withdrawn.
Acquiring new premises is the most immediate need for the school, so that we can improve the quality of education, enhance the wellbeing of students and staff, and exceed 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.
The 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.
As a registered charity run independent special school, CRLT and Connie Rothman School do not receive any help from the DfE or other government agencies for the purchase, lease or upkeep of a building. Therefore, the Board of Trustees have authorised all surplus funds to be put aside for the purchase and renovation of a building(s) when suitable facilities have been found. The goal is to complete the purchase and renovation of a new building within five years. Surplus funds are those funds not required for the operation of CRLT programmes, most notably Connie Rothman School and Approach Tutoring and Mentoring, including resources required for the benefit of students and those funds, according to the Reserves Policy, required for three months of the operations budget.
## **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**
Christchurch Christian Centre Millhams Street Christchurch Dorset BH23 1DN
Page 3
## **CONNIE ROTHMAN LEARNING TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023**
**Trustees** H Thiel J A H Moocarme S Brewer (resigned 28/6/2023) E Dearlove K Rothman C Griffiths G C Waylett P Ford
**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 ............................................. and signed on its behalf by:
................................................................. H Thiel - Trustee
Page 4
## **CONNIE ROTHMAN LEARNING TRUST**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 AUGUST 2023**
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 5
**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 2023 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 2023 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 6
**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.
## **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.
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
Date: .............................................
Page 8
## **CONNIE ROTHMAN LEARNING TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**Charitable activities**
4
Education
Investment income
3
**Total**
**EXPENDITURE ON**
Raising funds
5
**Charitable activities**
6
Education
Other
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|**2023**
Unrestricted
Restricted
**Total**
fund
funds
**funds**
£
£
**£**
**75**
**-**
**75**
**1,074,262**
**-**
**1,074,262**
**1,693**
**-**
**1,693**
**1,076,030**
**-**
**1,076,030**
**30,932**
**-**
**30,932**
**712,324**
**2,819**
**715,143**
**79,658**
**-**
**79,658**
**822,914**
**2,819**
**825,733**
**253,116**
**(2,819)**
**250,297**
**783,197**
**2,819**
**786,016**
**1,036,313**
**-**
**1,036,313**|2022
Total
funds
£
7,797
1,011,643
68|
|---|---|---|
|||1,019,508|
|||28,297
560,036
27,777|
|||616,110|
|||403,398
382,618|
|||786,016|
The notes form part of these financial statements
Page 9
## **CONNIE ROTHMAN LEARNING TRUST**
## **BALANCE SHEET 31 AUGUST 2023**
|Notes
**FIXED ASSETS**
Tangible assets
13
**CURRENT ASSETS**
Debtors
14
Cash at bank
**CREDITORS**
Amounts falling due within one year
15
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
16
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
fund
£
**8,414**
**4,081**
**1,042,992**
**1,047,073**
**(19,174)**
**1,027,899**
**1,036,313**
**1,036,313**|Restricted
funds
£
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**2023**
**Total**
**funds**
**£**
**8,414**
**4,081**
**1,042,992**
**1,047,073**
**(19,174)**
**1,027,899**
**1,036,313**
**1,036,313**
**1,036,313**
**-**
**1,036,313**|2022
Total
funds
£
3,596
10,704
790,167
800,871
(18,451)
782,420
786,016
786,016
783,197
2,819
786,016|
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. 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 2023**
|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
Interest received
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**|**2023**
**£**
**262,851**
**262,851**
**(11,719)**
**1,693**
**(10,026)**
**252,825**
**790,167**
**1,042,992**|2022
£
396,337
396,337
(4,076)
68
(4,008)
392,329
397,838
790,167|
|---|---|---|
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 2023**
## **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
Interest received
Decrease/(increase) in debtors
Increase/(decrease) in creditors
**Net cash provided by operations**|**2023**
**£**
**250,297**
**6,901**
**(1,693)**
**6,623**
**723**
**262,851**|2022
£
403,398
6,509
(68)
(7,865)
(5,637)
396,337|
|---|---|---|
## **2. ANALYSIS OF CHANGES IN NET FUNDS**
|**Net cash**
Cash at bank
**Total**|At 1/9/22
£
**790,167**
**790,167**
**790,167**|Cash flow
£
**252,825**
**252,825**
**252,825**|**At 31/8/23**
**£**
**1,042,992**
**1,042,992**
**1,042,992**|
|---|---|---|---|
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 2023**
## **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 2023**
|**2.**
**DONATIONS AND LEGACIES**
Donations
**3.**
**INVESTMENT INCOME**
Deposit account interest
**4.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Grants
Education
**5.**
**RAISING FUNDS**
**Raising donations and legacies**
Staff costs
**6.**
**CHARITABLE ACTIVITIES COSTS**
Direct
Costs
£
Education
**707,079**|**2023**
**£**
**75**
**2023**
**£**
**1,693**
**2023**
**£**
**1,074,262**
**2023**
**£**
**30,932**
Support
costs (see
note 7)
£
**8,064**|2022
£
7,797
2022
£
68
2022
£
1,011,643|2022
£
7,797
2022
£
68
2022
£
1,011,643|2022
£
7,797|
|---|---|---|---|---|
|||||2022
£
68|
|||2022
£
28,297
Totals
£
**715,143**|2022
£
28,297||
Page 14
## **CONNIE ROTHMAN LEARNING TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023**
## **7. SUPPORT COSTS**
|**SUPPORT COSTS**|||
|---|---|---|
|||Governance|
|||costs|
|||£|
|Education||**8,064**|
|**AUDITORS' REMUNERATION**|||
||**2023**|2022|
||**£**|£|
|Fees payable to the charity's auditors for the audit of the charity's|||
|financial statements|**6,930**|6,600|
|Auditors' remuneration for non audit work|**1,134**|-|
|Other non-audit services|**-**|3,132|
## **8. AUDITORS' REMUNERATION**
## **9. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 August 2023 nor for the year ended 31 August 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 August 2023 nor for the year ended 31 August 2022.
## **10. STAFF COSTS**
The average number of staff during the year was 34 (2022 - 34).
Two members of staff earned over £60,000 in the year (2022 - nil).
## **11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Education
Investment income
**Total**
**EXPENDITURE ON**
Raising funds|Unrestricted
fund
£
7,797
1,009,143
68
1,017,008
28,297|Restricted
funds
£
-
2,500
-
2,500
-|Total
funds
£
7,797
1,011,643
68|
|---|---|---|---|
||||1,019,508|
||||28,297|
Page 15
## **CONNIE ROTHMAN LEARNING TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023**
## **11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
|**Charitable activities**
Education
Other
**Total**
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED**
**FORWARD**|Unrestricted
fund
£
559,396
27,777
615,470
401,538
381,659
783,197|Restricted
funds
£
640
-
640
1,860
959
2,819|Total
funds
£
560,036
27,777|
|---|---|---|---|
||||616,110|
||||403,398
382,618|
||||786,016|
## **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 £230,349 (2022 - £178,595).
Page 16
## **CONNIE ROTHMAN LEARNING TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023**
## **13. TANGIBLE FIXED ASSETS**
|Fixtures
and
Computer
fittings
equipment
£
£
**COST**
At 1 September 2022
**1,644**
**15,097**
Additions
**4,524**
**7,195**
At 31 August 2023
**6,168**
**22,292**
**DEPRECIATION**
At 1 September 2022
**690**
**12,455**
Charge for year
**1,542**
**5,359**
At 31 August 2023
**2,232**
**17,814**
**NET BOOK VALUE**
At 31 August 2023
**3,936**
**4,478**
At 31 August 2022
954
2,642
**14.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2023**
**£**
Trade debtors
**192**
Prepayments and accrued income
**3,889**
**4,081**|Totals
£
**16,741**
**11,719**|
|---|---|
||**28,460**|
||**13,145**
**6,901**|
||**20,046**|
||**8,414**|
||3,596|
||2022
£
-
10,704|
||10,704|
Page 17
## **CONNIE ROTHMAN LEARNING TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023**
## **15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Trade creditors
Taxation and social security
Other creditors
**MOVEMENT IN FUNDS**
At 1/9/22
£
**Unrestricted funds**
General fund
**783,197**
**Restricted funds**
Clothworkers
**319**
Pignatelli
**2,500**
**2,819**
**TOTAL FUNDS**
**786,016**
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
**1,076,030**
**Restricted funds**
Clothworkers
**-**
Pignatelli
**-**
**-**
**TOTAL FUNDS**
**1,076,030**||**2023**
**£**
**-**
**11,622**
**7,552**
**19,174**
Net
movement
in funds
£
**253,116**
**(319)**
**(2,500)**
**(2,819)**
**250,297**
Resources
expended
£
**(822,914)**
**(319)**
**(2,500)**
**(2,819)**
**(825,733)**|2022
£
1,560
8,887
8,004
18,451
At
31/8/23
£
**1,036,313**
**-**
**-**
**-**
**1,036,313**
Movement
in funds
£
**253,116**
**(319)**
**(2,500)**
**(2,819)**
**250,297**|
|---|---|---|---|
|||||
|||||
**16. MOVEMENT IN FUNDS**
Page 18
## **CONNIE ROTHMAN LEARNING TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023**
## **16. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**Restricted funds**
Clothworkers
Pignatelli
**TOTAL FUNDS**
Comparative net movement in funds, included in the above
**Unrestricted funds**
General fund
**Restricted funds**
Clothworkers
Pignatelli
**TOTAL FUNDS**|At 1/9/21
£
381,659
959
-
959
382,618
are as follows:
Incoming
resources
£
1,017,008
-
2,500
2,500
1,019,508||Net
movement
in funds
£
401,538
(640)
2,500
1,860
403,398
Resources
expended
£
(615,470)
(640)
-
(640)
(616,110)|At
31/8/22
£
783,197
319
2,500
2,819
786,016
Movement
in funds
£
401,538
(640)
2,500
1,860
403,398|
|---|---|---|---|---|
||||||
||||||
The general fund is available for use for the primary activity of education as specified within the governing document.
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.
Page 19
## **CONNIE ROTHMAN LEARNING TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023**
## **17. RELATED PARTY DISCLOSURES**
There were no related party transactions for the years ended 31 August 2022 or 31 August 2023.
Page 20
## **CONNIE ROTHMAN LEARNING TRUST**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Investment income**
Deposit account interest
**Charitable activities**
Grants
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Wages
Social security
Pensions
**Charitable activities**
Wages
Social security
Pensions
Rent and rates
Insurance
Light and heat
Consultancy
Repairs and maintenance
Cleaning
Travel
Training costs
Student welfare
Educational supplies
Exam fees
Fixtures and fittings
Computer equipment|2023
£
**75**
**1,693**
**1,074,262**
**1,076,030**
**27,256**
**889**
**2,787**
**30,932**
**495,441**
**39,411**
**45,530**
**15,311**
**5,994**
**6,127**
**36,855**
**16,291**
**8,142**
**1,269**
**1,101**
**7,747**
**7,367**
**13,592**
**1,542**
**5,359**
**707,079**|2022
£
7,797
68
1,011,643|
|---|---|---|
|||1,019,508
26,587
986
724|
|||28,297
424,094
30,445
15,717
19,156
5,695
3,497
18,814
634
5,214
189
2,075
565
4,882
12,818
411
6,098|
|||550,304|
This page does not form part of the statutory financial statements
Page 21
## **CONNIE ROTHMAN LEARNING TRUST**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023**
|**Charitable activities**
**Other**
Stationery
Software
Telephone
Promotion and advertising
Professional fees
Subscriptions
Sundry
Bank charges
**Support costs**
**Governance costs**
Auditors' remuneration
Auditors' remuneration for non audit work
Total resources expended
**Net income**|2023
£
**6,395**
**362**
**2,665**
**641**
**51,268**
**16,773**
**1,381**
**173**
**79,658**
**6,930**
**1,134**
**8,064**
**825,733**
**250,297**|2022
£
2,718
923
2,321
-
8,289
12,442
929
155|
|---|---|---|
|||27,777
6,600
3,132|
|||9,732|
|||616,110|
|||403,398|
This page does not form part of the statutory financial statements
Page 22