2021-09-30-accounts - The Gielgud Academy Trust

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Trustees’ Annual Report for the period

From 01/10/2020 Period start date To 31/08/2021 Period end date

Charity name: The Gielgud Academy Trust

Charity registration number: 1186845

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	To advance the education of the public in the study of performing arts, dance, drama, singing, music and related subjects.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	The Gielgud Academy of Performing Arts (GAPA) offers a part time professional performing arts training and education to children between the ages of 3 – 18. This includes a full programme of ISTD, RAD and LAMDA examinations and public performance opportunities.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	I can confirm that the Trustees have had regard to the Charity Commission’s guidance on public benefit.

Additional information (optional) You may choose to include further statements where relevant about:

	SORP reference
Policy on grant making	Para 1.38	Because of the extent that the charity has been compromised by the COVID 19 Pandemic in achieving it’s objectives during this period, the Trustees will not be providing any optional information in this report.
Policy on social investment including program related investment	Para 1.38

Para 1.38 Contribution made by volunteers Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	Like the previous year, the 2020/2021 school year has been seriously compromised by the COVID 19 Pandemic. GAPA was able to reopen on 25/09/2020 operating under Covid Secure conditions, but was forced to move classes online from 05/11/2020 classes had to move online for the 2nd full lockdown.Covid lockdown hasn’t prevented our GAPA pupils from being successful in gaining places at their first choice professional dance colleges. Thanks to Zoom and video auditioning our Head Girl Maddie Wrigley and Head Boy Bailey Johnson were offered places at Bird College. Tilly Greenwood, our Bush Davies Ballet Scholarship winner of 2020 has accepted her place at Northern School of Contemporary Dance. Despite covid restrictions, and by adhering to strict social distancing and covid safety protocols, we still managed to stage GAPA Creates choreography competition, at the King Edward Hall Lindfield on June 26th. Parents were unable to attend but pupils cheered each other on as solos, duets, trios, and groups were performed, and prizes were awarded by our adjudicators Phil Gardner and Natalie Ayton (former members of Matthew Bourne’s New Adventures). On July 27th GAPA held its annual prizegiving ceremony at the King Edward Hall Lindfield, where medals were presented to those who had achieved great progress over the last year, in spite of the circumstances of the pandemic. A new group of prefects was announced, and a new head girl, Eve Lewis, was appointed. Eve was presented with the shield from outgoing Head Boy Bailey Johnson, and outgoing Head Girl Maddie Wrigley, both of whom are progressing

onto the renowned Bird College in September. Gielgudian medals were also awarded to Tilliana Greenwood who goes to the Northern School of Contemporary Dance in September, and Abbie Mordecai who is going to IC Theatre, Brighton. 16 – 18[th] of August was our Summer School at our former home the Hub Theatre, Haywards Heath College, with classes by guest teachers that included Eliska Bouzkova (Vienna Festival Ballet), Natalie Ayton (Matthew Bourne/Phoenix), Isaac Edwards (Starlight Express/Bat out of Hell) and Damien Delaney (Cats/Billy Elliot). It was so exciting to be back dancing at the Hub (Haywards Heath College) where we look forward to returning in September.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41	Because of the extent that the charity has been compromised by the COVID 19 Pandemic in achieving it’s objectives during this period, the Trustees will not be providing any optional information in this report.
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	Because of the COVID 19 pandemic and a 2nd lockdown, the charity started and finished the period in deficit. Student numbers increased slightly but to nowhere near pre- COVID levels. This period the Charity successfully claimed some support grants from the local authority.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The only reason for reserves would be to pay rent and bills for the office space, in the event of no income. Staff are all freelance or volunteer so there is no payroll to maintain and we only pay for the performing arts facilities when we use them.
Amount of reserves held	Para 1.22	0
Reasons for holding zero reserves	Para 1.22	Not enough income.
Details of fund materially in deficit	Para 1.24	£8,607
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	There are none. There are already improvements since moving into improved facilities.

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising)	Para 1.47	Because of the extent that the charity has been compromised by the COVID 19 Pandemic in achieving it’s objectives during this period, the Trustees will not be providing any optional information in this report.
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Memorandum and Articles of Association.
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Company Limited by Guarantee.
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	The Chair of Trustees is also the Founding Director. Trustees are selected from the parents of the student body. All Trustees are volunteers and all applications to join are considered by the board and voted on accordingly. The Charity has a minimum of 3 trustees which is a quorum and the board must always be an odd number to prevent deadlock.

Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction and training of trustees	Para 1.51	Because of the extent that the charity has been compromised by the COVID 19 Pandemic in achieving it’s objectives during this period, the Trustees will not be providing any optional information in this report.
The charity’s organisational structure and any wider network with which the charity works	Para 1.51
Relationship with any related parties	Para 1.51
Other

Reference and Administrative details

Charity name	The Gielgud Academy Trust
Other name the charity uses	The Gielgud Academy of Performing Arts (GAPA)
Registered charity number	Company Limited by Guarantee # 10379861 Registered Charity # 1186845
Charity’s principal address	Unit 5b, More House Farm Business Centre Ditchling Road Wivelsfield East Sussex, RH17 7RE

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee(if any)
T Piers Gielgud	Chair	Whole Year	N/A
David Mordecai		Whole Year
Catherine Greenwood		Whole Year

– Corporate trustees names of the directors at the date the report was approved

Director name T Piers Gielgud David Mordecai Catherine Greenwood

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for whole year
N/A

Funds held as custodian trustees on behalf of others	Funds held as custodian trustees on behalf of others
Description of the assets held in this capacity	N/A
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects	N/A
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets	N/A

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of	Name	Address
adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees Signature(s) Full name(s) Thomas Piers Gielgud Position (eg Secretary, Chair Chair, etc)

Date 31/07/2022

Company registration number: 10379861

THE GIELGUD ACADEMY TRUST Company limited by guarantee UNAUDITED FINANCIAL STATEMENTS for the period ended 31 August 2021

Umpleby Accountancy

Basepoint Business Centre, Bridge Road, Haywards Heath, West Sussex, RH16 1UA, United Kingdom

THE GIELGUD ACADEMY TRUST

Unaudited Financial Statements

Period ended 31 August 2021

CONTENTS	PAGE
Offcers and Professional Advisers	1
Directors’ Report	2
Accountant’s Report	3
Income Statement	4
Statement of Financial Position	5 - 6
The following pages do not form part of the fnancial statements
Detailed Income Statement	7 - 8

THE GIELGUD ACADEMY TRUST

Officers and Professional Advisers

Period ended 31 August 2021

Directors

THOMAS PIERS GIELGUD DAVID JONATHAN MORDECAI CATHERINE GREENWOOD

Registered office

Basepoint Business Centre Bridge Road Haywards Heath West Sussex RH16 1UA United Kingdom

Accountant

Umpleby Accountancy

Basepoint Business Centre Bridge Road Haywards Heath West Sussex RH16 1UA United Kingdom

THE GIELGUD ACADEMY TRUST

Directors’ Report

Period ended 31 August 2021

The directors present their report and the unaudited financial statements of the company for the period from 1 October 2020 to 31 August 2021.

DIRECTORS

The directors who served the company during the period were as follows:

THOMAS PIERS GIELGUD

DAVID JONATHAN MORDECAI

CATHERINE GREENWOOD

SMALL COMPANY PROVISIONS

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 28 June 2022 and signed on behalf of the board by:

THOMAS PIERS GIELGUD

Director

THE GIELGUD ACADEMY TRUST

Report to the directors on the preparation of the unaudited statutory financial statements of THE GIELGUD ACADEMY TRUST Period ended 31 August 2021

As described on the statement of financial position, the Board of Directors of THE GIELGUD ACADEMY TRUST are responsible for the preparation of the financial statements for the period ended 31 August 2021, which comprise the income statement and statement of financial position.

You consider that the company is exempt from an audit under the Companies Act 2006.

In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

Umpleby Accountancy

Basepoint Business Centre Bridge Road Haywards Heath West Sussex RH16 1UA United Kingdom

Date: 28 June 2022

THE GIELGUD ACADEMY TRUST

Income Statement

Period ended 31 August 2021

Turnover Other income Cost of raw materials and consumables Staff costs Other charges Loss	Period from 1 Oct 2020 to 31 Aug 2021 £ 82,485 24,208	Year to 30 Sep 2020
		£
		108,299
		22
	106,693 (1,859) (68,398) (44,012)	108,321

		-
		(50,918)
		(59,660)
	(7,576)	(2,257)

THE GIELGUD ACADEMY TRUST

Statement of Financial Position

31 August 2021

Current assets Creditors: amounts falling due within one year Net current liabilities Total assets less current liabilities Capital and reserves	31 Aug 2021 £ 944 (9,551)	30 Sep 2020
		£
		962
		(1,993)
	(8,607)	(1,031)
	(8,607)	(1,031)


	(8,607)	(1,031)

NOTES TO THE FINANCIAL STATEMENTS

1 General information

The company is a private company limited by guarantee and is registered in England and Wales. The address of the registered office is Basepoint Business Centre, Bridge Road, Haywards Heath, West Sussex, RH16 1UA, United Kingdom.

2 Average number of employees

The average number of persons employed by the company during the period was 3 (2020: 3).

For the period ending 31 August 2021, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the micro-entity provisions.

THE GIELGUD ACADEMY TRUST

Statement of Financial Position (continued)

31 August 2021

These financial statements were approved by the board of directors and authorised for issue on 28 June 2022, and are signed on behalf of the board by:

THOMAS PIERS GIELGUD Director

DAVID JONATHAN MORDECAI Director

CATHERINE GREENWOOD

Director

Company registration number: 10379861

THE GIELGUD ACADEMY TRUST

Detailed Income Statement

Period ended 31 August 2021

TURNOVER

TURNOVER
Sales OTHER INCOME Government grant recognised directly into income Interest on bank deposits Other income COST OF RAW MATERIALS AND CONSUMABLES Purchases STAFF COSTS Wages and salaries	Period from 1 Oct 2020 to 31 Aug 2021 £ 82,485 Period from 1 Oct 2020 to 31 Aug 2021 £ 18,708 - 5,500	Year to 30 Sep 2020
		£
		108,299

		Year to 30 Sep 2020
		£
		-
		22
		-
	24,208	22

	106,693	108,321
	Period from 1 Oct 2020 to 31 Aug 2021 £ 1,859 Period from 1 Oct 2020 to 31 Aug 2021 £ 68,398

		Year to 30 Sep 2020
		£
		-

		Year to 30 Sep 2020
		£
		50,918

THE GIELGUD ACADEMY TRUST

Detailed Income Statement (continued)

Period ended 31 August 2021

OTHER CHARGES

Equipment hire Rent Motor expenses Travelling Subsistence Advertising Printing, postage and stationery Telephone Computer costs Accountancy fees Professional fees Management charges payable General insurance Repairs and maintenance Bank charges Subscriptions Loss	Period from 1 Oct 2020 to 31 Aug 2021 £ 12,216 4,400 2,359 55 56 2,055 304 866 1,203 425 1,771 16,000 582 244 36 1,440	Year to 30 Sep 2020
		£
		15,517
		4,800
		-
		824
		-
		5,967
		260
		691
		783
		425
		1,769
		26,350
		508
		287
		36
		1,443
	44,012	59,660

	(7,576)	(2,257)

INDEPENDENT EXAMINER’S REPORT

After consulting with the Charity Commission helpline we understand it is important to submit our accounts and report as soon as possible. We don’t yet however, have an Independent Examiner’s report ready yet. We have engaged an Independent Examiner to examine our accounts and will forward their report to you as soon as it is ready.

T Piers Gielgud Chair The Gielgud Academy Trust