**REGISTERED CHARITY NUMBER: 1181805** Report of the Trustees and Financial Statements for the Year Ended 31 January 2024 for Frederick Gough CIO SKS Bailey Group Limited Suite 32/33 Normany Gateway, Lysaghts Way, Scunthorpe North Lincolnshire DN15 9YG Frederick Gough CIO Contents of the Financial Statements for the Year Ended 31 January 2024 |||Page|| |---|---|---|---| |Report of the Trustees|1|to|2| |Independent Examiner's Report||3|| |Statement of Financial Activities||4|| |Balance Sheet||5|| |Notes to the Financial Statements|6|to|10| |Detailed Statement of Financial Activities||11|| Frederick Gough CIO Report of the Trustees for the Year Ended 31 January 2024 ## **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 Company number** (England and Wales) ## **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** Ben Soulby SKS Bailey Group Limited Suite 32/33 Normany Gateway, Lysaghts Way, Scunthorpe North Lincolnshire DN15 9YG Approved by order of the board of trustees on 12 September 2024 and signed on its behalf by: Page 1 Frederick Gough CIO Report of the Trustees for the Year Ended 31 January 2024 B D Lawrance - Trustee Page 2 Independent Examiner's Report to the Trustees of Frederick Gough CIO ## **Independent examiner's report to the trustees of Frederick Gough CIO ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2024. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, 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 matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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. Ben Soulby SKS Bailey Group Limited Suite 32/33 Normany Gateway, Lysaghts Way, Scunthorpe North Lincolnshire DN15 9YG 12 September 2024 Page 3 Frederick Gough CIO ## Statement of Financial Activities ## for the Year Ended 31 January 2024 |**2024**
**Unrestricted**
**fund**
**Notes**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
45,518
Investment income
2
1,019
**Total**
46,537
**EXPENDITURE ON**
Other
282
**NET INCOME**
46,255
**RECONCILIATION OF FUNDS**
Total funds brought forward
136,180
**TOTAL FUNDS CARRIED FORWARD**
182,435|**2023**
**Total**
**funds**
**£**
31,265
159
31,424
258
31,166
105,014
136,180| |---|---| The notes form part of these financial statements Page 4 Frederick Gough CIO ## Balance Sheet ## 31 January 2024 |**2024**
**Unrestricted**
**fund**
**Notes**
**£**
**CURRENT ASSETS**
Debtors
5
45,518
Cash at bank
137,199
182,717
**CREDITORS**
Amounts falling due within one year
6
(282)
**NET CURRENT ASSETS**
182,435
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
182,435
**NET ASSETS**
182,435
**FUNDS**
7
Unrestricted funds
182,435
**TOTAL FUNDS**
182,435|**2023**
**Total**
**funds**
**£**
31,265
105,173
136,438
(258)
136,180
136,180
136,180
136,180
136,180| |---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006. ## The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The financial statements were approved by the Board of Trustees and authorised for issue on 12 September 2024 and were signed on its behalf by: B D Lawrance - Trustee The notes form part of these financial statements Page 5 Frederick Gough CIO Notes to the Financial Statements for the Year Ended 31 January 2024 ## **1. ACCOUNTING POLICIES** ## **BASIS OF PREPARING THE FINANCIAL STATEMENTS** The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **FINANCIAL REPORTING STANDARD 102 - REDUCED DISCLOSURE EXEMPTIONS** The charitable company has taken advantage of the following disclosure exemption 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**||| |---|---|---| ||**2024**|**2023**| ||**£**|**£**| |Bank interest|1,019|159| continued... Page 6 Frederick Gough CIO Notes to the Financial Statements - continued for the Year Ended 31 January 2024 ## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 January 2024 nor for the year ended 31 January 2023. ## **TRUSTEES' EXPENSES** There were no trustees' expenses paid for the year ended 31 January 2024 nor for the year ended 31 January 2023. ## **4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
**Total**
**EXPENDITURE ON**
Other
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**5.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors|**Unrestricted**
**fund**
**£**
31,265
159
31,424
258
31,166
105,014
136,180
**2024**
**2023**
**£**
**£**
45,518
31,265| |---|---| continued... Page 7 Frederick Gough CIO ## Notes to the Financial Statements - continued for the Year Ended 31 January 2024 ## **6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Accrued expenses
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**TOTAL FUNDS**|**2024**
**2023**
**£**
**£**
282
258
**Net**
**movement**
**At**
**At 1.2.23**
**in funds**
**31.1.24**
**£**
**£**
**£**
136,180
46,255
182,435
136,180
46,255
182,435
**Incoming**
**Resources**
**Movement**
**resources**
**expended**
**in funds**
**£**
**£**
**£**
46,537
(282)
46,255
46,537
(282)
46,255
**Net**
**movement**
**At**
**At 1.2.22**
**in funds**
**31.1.23**
**£**
**£**
**£**
105,014
31,166
136,180
105,014
31,166
136,180| |---|---| ## **7. MOVEMENT IN FUNDS** continued... Page 8 Frederick Gough CIO Notes to the Financial Statements - continued for the Year Ended 31 January 2024 ## **7. MOVEMENT IN FUNDS - continued** Comparative 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| A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|**Net**
**movement**
**At 1.2.22**
**in funds**
**£**
**£**
105,014
77,421
105,014
77,421|**At**
**31.1.24**
**£**
182,435
182,435| |---|---|---| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**|**Incoming**
**Resources**
**resources**
**expended**
**£**
**£**|**Movement**
**in funds**
**£**| |---|---|---| |General fund|77,961
(540)|77,421| |**TOTAL FUNDS**|77,961
(540)|77,421| continued... Page 9 Frederick Gough CIO Notes to the Financial Statements - continued for the Year Ended 31 January 2024 ## **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 10 Frederick Gough CIO ## Detailed Statement of Financial Activities for the Year Ended 31 January 2024 |for the Year Ended 31|January 2024|| |---|---|---| ||**2024**|**2023**| ||**£**|**£**| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Donations|45,518|31,265| |**Investment income**||| |Bank interest|1,019|159| |**Total incoming resources**|46,537|31,424| |**EXPENDITURE**||| |**Support costs**||| |**Governance costs**||| |Accountancy and legal fees|282|258| |Total resources expended|282|258| |**Net income**|46,255|31,166| |||| This page does not form part of the statutory financial statements Page 11