REGISTERED COMPANY NUMBER: (England and Wales) REGISTERED CHARITY NUMBER: 1184420
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2023
for
Clarion Education Foundation
Hanson & Associates Chartered Certified Accountants Room 19 Anerley Business Cerntre Anerley Road London SE20 8BD
Clarion Education Foundation
Contents of the Financial Statements for the Year Ended 31 March 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | ||
| Notes to the Financial Statements | 8 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
Clarion Education Foundation
Report of the Trustees
for the Year Ended 31 March 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 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).
Statement of Trustees' Responsibilities
The charities Act 2011 require the trustees to prepare financial statements for each financial year which give a true and fair view of affairs of the charity and of the incoming resources and application of resources of the charity for that period.
In preparing these financial statements, the trustees are required to:
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" Select suitable accounting policies and apply them consistently
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" Observe the methods and principles of the Charities SORP 2005
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" Make judgements and accounting 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 statement on the going concern basis unless it is inappropriate to do so.
Trustees are responsible for keeping sufficient accounting records that disclosed with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011.
They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention of fraud and other irregularities.
INCORPORATION
The charitable company was incorporated on 15 July 2019 and commenced trading on 1 April 2022.
OBJECTIVES AND ACTIVITIES Objectives and aims
¢ Assist children and young people through supplementary classes to develop their educational attainment, self-confidence and self-esteem.
¢ Offer a balanced curriculum which provides National Curriculum support together with opportunities in sports, the arts, cultural activities, leadership and family learning.
¢ Resource their schools with professional development and quality of provision.
¢ Encourage and develop parental involvement in the running of their children's schools.
¢ Create partnerships with mainstream schools, the local education authority and other training and education providers.
¢ Improve school management and school standards.
¢ Provide opportunities for volunteering and paths to employment for classroom assistants, care workers, teachers and community workers.
¢ Build relationships/support networks.
¢ Improve children's attainment levels in mainstream particularly the core subjects, Maths, English and Science. Ensure children stay in touch with their cultural, historical, linguistic and religious identities.
¢ Promote the benefits of education within the African Heritage and disadvantaged communities to aspire and achieve positive relations within mainstream educational institutions.
¢ Increase the recruitment of African Heritage and disadvantaged children into private sector schools, further and higher education institutions.
¢ Provide positive support through advice and information to parents and carers in the advancement of their children's educational attainment.
¢ Broker access to opportunities that will advance educational, professional and civic standing in society.
- ¢ Provide opportunities to broaden horizons through local, national and international volunteering.
¢ Encourage young people to improve their quality of life by becoming 'Global Citizens'.
¢ Play a part in the life of our local community through community access and service programmes.
Page 1
Clarion Education Foundation
Report of the Trustees
for the Year Ended 31 March 2023
OBJECTIVES AND ACTIVITIES Review of Activities and Achievements
Student Numbers:
due to the size of the premises and staffing there is a maximum limit of 300 students per week.
Activities:
supplementary tuition, leadership development masterclasses with guest speakers, essential skills development to prepare for adulthood and the world of work, creative arts, family learning, enrichment days at partner schools and other educational trips, sports and collaborative games.
Public benefit
Beneficiaries " Young aged 8-16 with challenging behaviour or at risk of exclusion
" Academically talented young people aged 8-18+
" Parents
" Schools
" Local community (including the African Heritage community)
STRATEGIC REPORT
Achievement and performance
Charitable activities
¢ Assisted children and young people through supplementary classes to develop their educational attainment, self-confidence and self-esteem.
¢ Offered a balanced curriculum which provides National Curriculum support together with opportunities in sports, the arts, cultural activities, leadership and family learning.
¢ Resourced their schools with professional development and quality of provision.
¢ Encouraged and developed parental involvement in the running of their children's schools.
¢ Created partnerships with mainstream schools, the local education authority and other training and education providers.
¢ Improved school management and school standards.
¢ Provided opportunities for volunteering and paths to employment for classroom assistants, care workers, teachers and community workers.
¢ Built relationships/support networks.
¢ Improved children's attainment levels in mainstream particularly the core subjects, Maths, English and Science. Ensured children stay in touch with their cultural, historical, linguistic and religious identities.
¢ Promoted the benefits of education within the African Heritage and disadvantaged communities to aspire and achieve positive relations within mainstream educational institutions.
¢ Increased the recruitment of African Heritage and disadvantaged children into private sector schools, further and higher education institutions.
¢ Provided positive support through advice and information to parents and carers in the advancement of their children's educational attainment.
¢ Brokered access to opportunities that will advance educational, professional and civic standing in society.
¢ Provided opportunities to broaden horizons through local, national and international volunteering.
¢ Encouraged young people to improve their quality of life by becoming 'Global Citizens'.
¢ Played a part in the life of our local community through community access and service programmes
Financial review
Financial position
Total receipts on ordinary unrestricted funds were £43,815, and are detailed in the financial statements.
£56,054 was spent on charitable activities
.
The net result for the year was a loss of £12,239 and balances carried forward at 31 March 2023 for unrestricted funds totalled £(12,239).
Bank balance at 31 March 2023 was £2,601.
Page 2
Clarion Education Foundation
Report of the Trustees
for the Year Ended 31 March 2023
STRATEGIC REPORT
Financial review
Reserves policy
The Clarion Education Foundation maintain unrestricted reserves, which are used for future projects to support the charity's objectives.
Principal risks and uncertainties
The trustees have examined the major risks to which the charity might be exposed and are satisfied that systems are in place to mitigate against them.
Future plans
" Develop a hybrid model of programme delivery with more virtual learning to reach more young people.
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" Strengthen partnerships with Young Leaders Academies across the UK to share skills and resources.
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" Strengthen corporate partnerships to increase our preparation for employment opportunities.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Organisational structure
The trustees who have served during the period were:
- " May Whyte
" Clive Frazer
- " Ray Lewis
The members of the charity are individuals, corporate bodies or representatives of the organisation that are not incorporated, who undertake to act in good faith to further the purposes of the charity.
The affairs of the charity are managed by the trustees. There must be at least three trustees. Members of trustees may appoint new trustees at any time.
Decision making
Decisions are made by simple majority of votes at a meeting of trustees or by resolution in writing or in electronic form and agreed by all trustees. Induction of trustees is overseen by the chair.
The day to day management of the charity's affairs is delegated to the chair, Ray Lewis.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
(England and Wales)
Registered Charity number
1184420
Registered office
Manor House Centre Haddenham Road Leicester LE3 2BG
Trustees
Ms M Whyte Educationist C Fraser Educationist R Lewis Educationist (appointed 30.6.22)
Company Secretary
Page 3
Clarion Education Foundation
Report of the Trustees
for the Year Ended 31 March 2023
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Alfred Hanson Hanson & Associates Chartered Certified Accountants Room 19 Anerley Business Cerntre Anerley Road London SE20 8BD
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 27 February 2024 and signed on the board's behalf by:
R Lewis - Trustee
Page 4
Independent Examiner's Report to the Trustees of Clarion Education Foundation
Independent examiner's report to the trustees of Clarion Education Foundation ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.
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:
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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
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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
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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.
Alfred Hanson
The Association of Chartered Certified Accountants
Hanson & Associates Chartered Certified Accountants Room 19 Anerley Business Cerntre Anerley Road London SE20 8BD
29 February 2024
Page 5
Clarion Education Foundation
Statement of Financial Activities for the Year Ended 31 March 2023
| Unrestricted Restricted fund fund Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 43,815 - EXPENDITURE ON Charitable activities Hall Hire 9,106 - Other Direct Costs 16,291 - Young Leaders 11,080 - Coach Hire 2,200 - Other 17,377 - Total 56,054 - NET INCOME/(EXPENDITURE) (12,239) - TOTAL FUNDS CARRIED FORWARD (12,239) - |
Total funds £ 43,815 9,106 16,291 11,080 2,200 17,377 56,054 (12,239) (12,239) |
|---|---|
The notes form part of these financial statements
Page 6
Clarion Education Foundation
Balance Sheet
31 March 2023
| Unrestricted Restricted fund fund Notes £ £ CURRENT ASSETS Cash at bank 2,601 - CREDITORS Amounts falling due within one year 3 (14,840) - NET CURRENT ASSETS/(LIABILITIES) (12,239) - TOTAL ASSETS LESS CURRENT LIABILITIES (12,239) - NET ASSETS (12,239) - FUNDS 4 Unrestricted funds TOTAL FUNDS |
Total funds £ 2,601 (14,840) (12,239) (12,239) (12,239) (12,239) (12,239) |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 27 February 2024 and were signed on its behalf by:
R Lewis - Trustee
C Fraser - Trustee
The notes form part of these financial statements
Page 7
Clarion Education Foundation
Notes to the Financial Statements for the Year Ended 31 March 2023
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.
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. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023.
continued...
Page 8
Clarion Education Foundation
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| £ | ||||
|---|---|---|---|---|
| Trade creditors | 499 | |||
| Other creditors | 14,341 | |||
| 14,840 | ||||
| 4. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| in funds | 31.3.23 | |||
| £ | £ | |||
| Unrestricted funds | ||||
| General fund | (12,239) | (12,239) | ||
| TOTAL FUNDS | (12,239) | (12,239) | ||
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 43,815 | (56,054) | (12,239) | |
| TOTAL FUNDS | 43,815 | (56,054) | (12,239) |
5. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.
Page 9
Clarion Education Foundation
Detailed Statement of Financial Activities for the Year Ended 31 March 2023
£
| INCOME AND ENDOWMENTS Donations and legacies Tutorial Fees Grant Total incoming resources EXPENDITURE Charitable activities Other Direct Cost Young Leaders Hall Hire Coach Hire Other Rent & Rates Motor Expenses Repairs & Renewals Telephone & Internet Stationery & Postage Fees & Licence Travel & Accommodation Support costs Governance costs Equipment Expensed Office & General Expenses Accountancy and legal fees Total resources expended Net expenditure |
10,731 33,084 43,815 43,815 16,291 11,080 9,106 2,200 38,677 5,575 413 3,139 382 170 392 677 10,748 4,039 2,090 500 6,629 56,054 (12,239) |
|---|---|
This page does not form part of the statutory financial statements
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