**REGISTERED CHARITY NUMBER: 1181805**
Report of the Trustees and
Financial Statements
for the Year Ended 31 January 2023
for Frederick Gough CIO
SKS Bailey Group Limited Suite 9 Normanby Gateway Scunthorpe North Lincolnshire DN15 9YG
Frederick Gough CIO
## Contents of the Financial Statements for the Year Ended 31 January 2023
||Page|
|---|---|
|Report of the Trustees|1|
|Independent Examiner's Report|2|
|Statement of Financial Activities|3|
|Balance Sheet|4|
|Notes to the Financial Statements|5 to 8|
|Detailed Statement of Financial Activities|9|
## Frederick Gough CIO
## Report of the Trustees for the Year Ended 31 January 2023
The trustees present their report with the financial statements of the charity for the year ended 31 January 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 charity are to advance the education of the pupils of Frederick Gough School by:
1.1 developing effective relationships between the staff, parents and others associated with the school
1.2 engaging in activities or providing facilities or equipment which support the school and advance the education of the pupils.
## **Public benefit**
The trustees have had regard to the Charity Commission's guidance on public benefit.
## **FINANCIAL REVIEW**
## **Reserves policy**
The charity does not have a formal reserves policy. The trustees consider this to be appropriate in the charity's circumstances.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The CIO is controlled by its governing document and is registered as a charitable incorporated organisation.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1181805
## **Registered office**
Frederick Gough School Grange Lane South Scunthorpe DN16 3NG
## **Trustees**
Miss K L Braithwaite Trustee B D Lawrance Chair M H Galey Trustee A M Conroy Trustee
## **Independent Examiner**
H N Sanderson SKS Bailey Group Limited Suite 9 Normanby Gateway Scunthorpe North Lincolnshire DN15 9YG
Approved by order of the board of trustees on 26 June 2023 and signed on its behalf by:
........................................................................ B D Lawrance - Trustee
Page 1
## Independent Examiner's Report to the Trustees of Frederick Gough CIO
## **Independent examiner's report to the trustees of Frederick Gough CIO**
I report to the charity trustees on my examination of the accounts of the Frederick Gough CIO for the year ended 31 January 2023.
This report is made solely to the charity's trustees, as a body, in accordance with the Charities Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my Independent Examination, for this report, or for the opinions I have formed.
## **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 2011 Act').
I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination, I have followed the Directions given by the Charity Commission under Section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
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 accordance with section 130 of the Charities Act 2011; 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
H N Sanderson
SKS Bailey Group Limited Suite 9 Normanby Gateway Scunthorpe North Lincolnshire DN15 9YG
Date: 26 Jun 2023
Page 2
## Frederick Gough CIO
Statement of Financial Activities for the Year Ended 31 January 2023
|2023
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
31,265
Investment income
2
159
Other income
-
**Total**
31,424
**EXPENDITURE ON**
**Support governance costs**
Accountancy fees
258
**NET INCOME**
31,166
**RECONCILIATION OF FUNDS**
Total funds brought forward
105,014
**TOTAL FUNDS CARRIED FORWARD**
136,180|2022
Total
funds
£
24,290
8
120
24,418
240
24,178
80,836
105,014|
|---|---|
The notes form part of these financial statements
Page 3
## Frederick Gough CIO
## Balance Sheet
## 31 January 2023
|2023
Unrestricted
fund
Notes
£
**CURRENT ASSETS**
Debtors
5
31,265
Cash at bank
105,173
136,438
**CREDITORS**
Amounts falling due within one year
6
(258)
**NET CURRENT ASSETS**
136,180
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
136,180
**NET ASSETS**
136,180
**FUNDS**
7
Unrestricted funds
136,180
**TOTAL FUNDS**
136,180|2022
Total
funds
£
24,290
80,964
105,254
(240)
105,014
105,014
105,014
105,014
105,014|
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 26 June 2023 and were signed on its behalf by:
............................................. B D Lawrance - Trustee
The notes form part of these financial statements
Page 4
Frederick Gough CIO
Notes to the Financial Statements for the Year Ended 31 January 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 I 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.
## **Financial reporting standard 102- reduced disclosure exemptions**
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' - The requirements of Section 7 Statement of Cash Flows
## **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.
## **TAXATION**
The charity is exempt from corporation 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.
## **2. INVESTMENT INCOME**
|**INVESTMENT INCOME**||||
|---|---|---|---|
||2023|2022||
||£|£||
|Bank interest|159||8|
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 January 2023 nor for the year ended 31 January 2022.
## **TRUSTEES' EXPENSES**
There were no trustees' expenses paid for the year ended 31 January 2023 nor for the year ended 31 January 2022.
Page 5
continued...
## Frederick Gough CIO
## Notes to the Financial Statements - continued for the Year Ended 31 January 2023
|**4.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
Other income
**Total**
**EXPENDITURE ON**
**Support governance costs**
Accountancy fees
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**5.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
**6.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Accrued expenses
**7.**
**MOVEMENT IN FUNDS**
At 1.2.22
£
**Unrestricted funds**
General fund
105,014
**TOTAL FUNDS**
105,014|
Unrestricted
fund
£
24,290
8
120
24,418
240
24,178
80,836
105,014
2023
2022
£
£
31,265
24,290
2023
2022
£
£
258
240
Net
movement
At
in funds
31.1.23
£
£
31,166
136,180
31,166
136,180|
|---|---|
Page 6
continued...
## Frederick Gough CIO
Notes to the Financial Statements - continued for the Year Ended 31 January 2023
## **7. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|31,424|(258)|31,166|
|**TOTAL FUNDS**|31,424|(258)|31,166|
## **Comparatives for movement in funds**
|||Net||
|---|---|---|---|
|||movement|At|
||At 1.2.21|in funds|31.1.22|
||£|£|£|
|**Unrestricted funds**||||
|General fund|80,836|24,178|105,014|
|**TOTAL FUNDS**|80,836|24,178|105,014|
Comparative net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|24,418|(240)|24,178|
|**TOTAL FUNDS**|24,418|(240)|24,178|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.2.21
£
80,836
80,836|Net
movement
in funds
£
55,344
55,344|At
31.1.23
£
136,180
136,180|
|---|---|---|---|
continued...
Page 7
Frederick Gough CIO
Notes to the Financial Statements - continued for the Year Ended 31 January 2023
## **7. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|55,842|(498)|55,344|
|**TOTAL FUNDS**|55,842|(498)|55,344|
## **8. RELATED PARTY DISCLOSURES**
The charity received donations from Frederick Gough Facilities CIC, registered in England & Wales under number 08345873, by virtue of its control and influence over that non-charitable social enterprise.
The charity has not prepared group accounts as the aggregate income of the group, after the elimination of all group transactions from its income for the period, did not exceed £1m.
The charity supports the Frederick Gough School by way of grant funding.
Page 8
## Frederick Gough CIO
|Detailed Statement of Financial Activities|||
|---|---|---|
|for the Year Ended 31 January 2023|||
||2023|2022|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|31,265|24,290|
|**Investment income**|||
|Bank interest|159|8|
|**Other income**|||
|Provision for accrual no longer required|-|120|
|**Total incoming resources**|31,424|24,418|
|**EXPENDITURE**|||
|**Support costs**|||
|**Governance costs**|||
|Accountancy and legal fees|258|240|
|Total resources expended|258|240|
|**Net income**|31,166|24,178|
This page does not form part of the statutory financial statements
Page 9