AKS LYTHAM FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST2025 Company Registration No. CE023995 (England and Wale51
AKS LYTHAM FOUNDATION LEGAL AND ADMINISTRATEVE INFORMATION Trustees Mrc R Dickson Mr D Cowbum Mr D R Cartmell Ms J Cooper Mr P Owen CharÉty nurnber 1191646 Company number CE023995 Regislered offic• AKS Lylham Independent ScJ)ODI Clifton Dllve South Lytham StAnnes Lancashire FY8 1DT Independent examlnèr Champion Accounlanls LLP Unil 2 Olympic Court Whilehills Business Park Blackpool Lancashire FY4 5GU
AKS LYTHAM FOUNDATION CONTENTS Page Trustees, report Independent examinerfs report statement of financial activitses Balance sheet Notes to the financial stalemenl$ 7-13
AKS LYTHAM FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The trustees present their annual repDrt and financial statements for the year ènded 31 August 2025. The financial statements have been ppared in 8¢¢ordance wth the accounting policies sel out in note 1 to the financial ststements and comply with the charity's governitEg documer)I the Charities Act 20113nd "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to Gharilies preparing their accounls in accordance Mth the Financial Reporting Slandafd applicable in the UK and RpblIC of Ireland IFRS 1021" (effective 1 January 20191. Objectives and actÈvities The objects of the charity are lo advan¢e the Èducation of bDys and girts by way of providing bursary awards subject to p8rènt81 means lesling, thereby w"Klening asS lo AKS Lylham, and lo improve the Fnfraslructure of AKS Lytham or such other area of benefrt within which the charity trustees decide tl) benefit. Public benefit The trustees have paid due regard to guidance issued by the Charity Commission in deciding what actsvitse5 the charity should undertake. Activities The period from 1 sl September 2024 10 31st August 2025 marked the second full active year for the AKS Lytham Foundation . During the year, the Development OffKe merged with the Markeling Department to form the Marketing and Oevelopmenl offi at AKS. This strategic development has slien9lhened the profile of the Foundation w(thin the wider schoDI commun¢ty and positioned the ¢harity more centrally wilhin the SGhools Gommunications, engagement and long-term development stiategy. The integration of these nctiOnS has enabled contsnued progress in raising awarènèss of the foundatson, 51rellglhening engagement with alumni and the wider AKS comwnunily, and developing relationships wth prospective donors and supporteis in support of the Foundation's charitable objectives. A key milestone during the year was the ¢onlinued support of ihe Foundation's first cohort of fully funded, means- tested bursary students. who are now in their final year of A-Level study. In addition, the Foundation was delighted to welcome two further Foundation Bursary students in September 2025, with one joining the Senior Sthool Year 10 and one entering the Sixth ForFn, These apwinlmenls represent a significalll slep fonNard in widening access to an AKS education for talented students bvho Would not olheTwise have the opportunity to attend the school. The year has a150 seen important progress in developing the long-letm sustsinabilily of the Foundab'on. Th& Trustees have consideied fLSture funding strategies, including the developmènt of restricted and inveslment-baseLI bursary funds designed to support transformatsonal bursaries foT future generations. Throughout 2024-2025, the principal focus has l)een on strengthening internal capacity, establishing robust development and engagement processes, and increasing alumni and commtjnily involvement, rather than conntralIn9 solely on Tnajor fundraising campaigns. This work has laid import8nt foundations for fLrture fundraising growth and ihe continued expansÈon ol the Foundation's bursary prowsion. The Foundation also continued to develop the "Change Their World. campaign, induding the launch preparations for the Game Changer inilialNe, which aims Its provide fully funded, means-lesled bursaries for talented young athletes through phllanlhropic supptyt.
AKS LYTHAM FOUNDATION TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Flnancial review The charity has received donations and carried out fund raising events during the year. During the yeai, bursaries were granted and after minimal overhead expenditure, the surplu5 fof the year amounted lo £10,499 12024.. £76,419). The reserves carried fOard to next year are £143.959 {2024.' £133,460), comprising unrestricted funds of £55,583 and reslricled funds of £88,376. Reserves pollcy 11 is the policy of the chaiity that unreslricled ftJnd8 which have not l)een designated for a specific use shoukj be maintained at a level equivalent lo between three and six month's expènditure_ The trustees considei that reserves al Ihis level will ensure that, in thè event of a significant drop in funding, they wsll be able lo umlinue the charty's Currenl activtties while consideration is given to ways in which additional fijnds may be raised. This level of reserves has been maintained throughout the ye8r. Plans for future periods Since Fts formal launch on 5th May 2023, the Fouridalion has raised £261,173 for the Change Their Worfd transformational bursary fund. Through the Change Their Wortd BursaryAppeal the Foundation's first goal is to raise funds for 10 tsansformational bursarFes, allowing talented ¢hildren trom disadvanlaged b8ckgrounds the opportunity lo join AKS Lytham from Senior Schoot lo Sixlh Form (ages 11 10 18}. Recognising firtancial pressures on local disadvantsged commun((ies, AKS aims to identify talented, local children whose lives could be positively transtormed by accessing education al Ihe school. Alongside the Change Their Wortd Bursary Appeal. the Foundation will continue lo comfftunicale ils longel-lerm vision to supporters. including aspiratsons lo continue towards ftjlure facility Llevelopmenls and wder educational enhancements al AKS, where these align wth Ihe eharilablè objectives of the Foundation. In September 2026, the Foundation also plans lo launch the Gamechanger Catnpatgn, 8 targeted fundraising iniliab.ve forming part of the wider change Their INodd mission. The campaign will focus Specifilty on funding fully supported, means-lesled bursaries for talented young athletes, enabling students lo develop and excel both academically and through sport. Structure. governance and management The charity was established 5 October 2020 and 15 a charit8blè incorporated organisalion. To achieve the objects, coiisiderable income must be generated. The chartty does not itself raise funds., rather this is the responsibility of AKS Lyth8m IAKSI, who will aim lo achieve this by generating donations lo the rhafty from alumni and other supporters of AKS and also seeking grant ftsnding opporlunilies through the Development Office at AKS. The charity trustees mel the times during the year. to receive progress reports from AKS on their work to enhance the development activities and to deal w*th slalulory matters. The Irustses who served during the ye8r and up to the date of signature of the financial statements were.. Mr C R Dickson Mr D CDwbLsrn Mr D R Cartmell Ms J Cooper Mr P Owen
AKS LYfHAM FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 RecmifmentanLI èppolntment ullrusleps Generally the trÈtslees are appotnled for a 3 year tem. and are selecled with gard io the sk418. knowEpdge and experietKe needed for Ihe effective adt¥thnisliotion of the tharty. Trustees can b8 reappointed lor a maximuTn of 3 consecul%ve tenns. None of the trustees has any benef1 inteTest inthe company. Al of the tvustees are members of the Gompany and guarantee to contribute £1 in the event of a winding up. ThÉ truslees. rew>rt wa8 approved by the Board ofTrustees. r C R Didt50n Trustèe Dale-. 13.05.2026
AKS LYTHAM FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AKS LYTHAM FOUNDATION I report lo Ihe trustees on my examlnion of the finwdal statements olAKS Lylham Foundalion (the d)arilyl forthe year e¥ed 31 August 2025. Re$ponsibÉlities and basis of report As Ihe twslee5 of Ihe chsjrity you are responsrble lor the prepar81)n of the financial statements in att0rd>n wilh the requirements of Ihe Charlties Ad 2011. I report in iespect of my examinalion of Ihe charity's )InanGial slatemenl8 carried oul under section 145 01 the Charities Act 2011. Garrying out my examinatio# I have foloweil the Direct¥ given by the ChaEily CommissK)n under seGtioD f45{5llbl of the char1t$ Act 2011. IndepeFKlent examinw's ststèmtnt Your attÈnlion is drawn lo Ihc facl that the tharily has PTepared the fanCIal sldlÈinÈnls in accordan¢¢ wilh the relev3nt vetsion of the Statement ol Re[tImeed Practice applicable to ¢h2ritios weparitg Ihelr tlnan¢ial sfatements 5Th a¢cordance wth Ihe FinanGial R&pcrting Standafd pleabl6 in Ihe UK and Republi¢ Df Ireland {FRS 1021 in p18ference to the Accounting and RÈporttrng by Charities.. S121ement of RecOTntnentttl Praclice issued on 1 Apdl 2005 which 15 re[ed to in Ihe exta1 re9ulalions but has been withdrawn. l underslafjd that this has been done in order lor Ihe finanGial slalements to provide a true and falr view in accordance wth UK Generaly Accepted AUnting Practi. I have completed my oxarninatlon. l Conffirm that no malte15 have come lo my altention in conn&clK)n wilh the exatnlnalion gtving me cause to b¢lieve Ihal in aTry material respecl.. occounling reGords wÈre not kept Sn SpeCt of the charity a5 tequlred by section 130 of the CharKiesAd 2011. th& financial statements do not accord wilh Ihose records.. Df the financSal slalement5 do not ¢omply wth the applicablp reqlre1Tlents con¢eming the fonn and content of financial stalemenEs set ou( in thè Charities {Accounls and Reports) Regulallons 2008 other than any requirernent that the finanual 5tale¥en{S give a trJ8 and fail v¥ew. vA)ich is not a mattel considered as pail or an IndepÈndenl examinallnn. I have no CDnrEms Bnd have come across no other rnatte¥s In cor5ne¢lKJn with Ihe examinat¢on lo which attention should b¢ drawn in Ihis IEpott In orcser lo enable a proper Ltnder5tsnding of the fiFwnctal slat8men15 to be rea¢hed. Ch 0Jvo n flcco LLitsDnAA LLP Champion AGGountants LLP Unlt 2 Otympic Court Whilèhills Busines5 Patk Bladipool Lantashtie FY4 5GU
AKS LYTHAM FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES IINCLUDING INCOMEAND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 AUGUST2025 Unrestricted Restrfcted funds funds 2025 2025 Total Unrestrictèd Restricted funds funds 2024 2024 Total 2025 2024 Notes Income from: Donations and legacies Other trading activities 2,1)88 4,919 119,106 121,194 4.919 200 8,271 128.362 128,562 8,271 Total Income 7,007 119.106 126,113 6,471 128,362 134,833 Expendlture on: Raising funds Charitable activities 5,558 1,9J1 5,558 110,056 4.026 781 4,026 54,388 108,155 53,607 Total expenditure 7.459 108,155 115,614 4,807 53,607 58,414 Net in¢omèl{expendlturel and movement in funds 1452) 10,951 10.49y 1,664 74,755 76,419 Reconciliation of funds: Fund balances at 1 September 2024 56,035 77,425 133,460 54,371 2,670 57,041 Fund balances at 31 August 2025 55,583 88,376 143,959 56,035 77,425 133,460 The statement of financial aclivtrties includes all gains and losses re¢ognised in the ye8r. All income and expendiluie derive from continuing aclivib"es.
AKS LYTHAM FOUNDATION BALANCE SHEET AS AT31 AUGUST 2025 2025 2024 Notes Current assets Debtors CEsh At bank and in hand 12 52,512 197.069 8.797 125,2fj9 249,581 134,066 Creditors= amounts falling due withln 13 1105.6221 I6(} Nèt current assets 143,959 133,460 The funds of the charity Rested income funds Unrestricted funds 14 15 88,376 55,583 Tl,425 56,035 143,959 133.460 13.05.2026 The financlal slalernents wer8 approv$d by Ihe trustees on...... . . Mrc R Dkkson Trustee
AKS LYTHAM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accountiny policiès Charlty infonnatlon AKS Lytham Foundation is a charitable incorporated organisalion. 1.1 Basis of preparatlort The financial statements have been prepad in accordance with the charity's goveming document. Ihe Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and thé Charities SORP "Accounting and Reporbng by Charities.. Stslemenl of Recommended Pracli¢e applicable lo charities preparing their aG¢ounls iri accoidants with the Financial Reporting Standard appliGable the UK and Republi¢ of Iraland (FRS 1021" The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a 51al4nènl ol ¢ash flows. The financial statements have departed from the Charities (Accounts and Reports} Regulations 2008 only to the extent required to provÉde a truè and fair view. This departure has involved lollowÈng the Slalemenl of Recommended Praclice for chaTilies applying FRS 102 rather than the veision of the Slalement of Recommended Practsce which is referred lo in the Regulations but which has since been WEthdrawn. The financial $lal8ments are prepared in 51erfing, which is Ihe functional currency of the charity- Monetary amounts in these financial statements are Toundèd to the nearest £. The financial slalemenls have been prepared under the historical cost convention. The principal accounting poticies adopted are set out below. 1.2 Going con¢ern At the time of approving the finaricial slatemen15, the Iruslees have a reasonable expeci8tion that the charlty has adequate resources to continue in oper81ional eStenCe fof the foreseeable future. Thus the trustees continue to adopt the going concem basis of aGcounting in preparing the financial slatèm&nts. 1.3 Charitable funds Unrestricted funds are available for use al the discretion of the truslees in furtherance of their charitable objectives. Resliicted funds are subject to specifK conditions by donois or grantors as to how they may be used. The purp05es and uses of the reslri¢led funds are set out in the noles to the financial statements. 1.4 Income Income is rÈcognised when the charity is legally entitled to il after any performance conditions have been met. the amounts Can be measured lIablY, and il is probable that income will be re1ve. Cash donations are re¢ognised on receipt. Other donations are recognised once the charity has en notified of the donation, unless perf0mlan condition8 requi deferral of the amount. Income lax recoverable in relation to donations received under Gift Ald or deeds of covenant is recognised at the lima of the donation. Legacles are regnised on receipt 01 otherwise if the charity has been notified of an impending dk%lTsbution, the amount is known, and receipt is expeGted. If the amount is not known, the leg8Cy IS treated as contingent asset.
AKS LYTHAM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Accountln9 policies IContlnu8dl 1.5 Expendlture Expenditure is recognised On there is a legal or conslruct5ve obligation to Iransfer economic benefit lo a third party, it IS PTobable that a transfer of economic benefits wll be requlred In selllemenl. and the amount ot the obligalion can be measured reliably. Expendilure is classified by activity. The ¢0sls Of e8¢h a¢livity are madé up of the total of drt costs and shared costs, including support costs involved in undertaking each a¢livily. Direct Costs attribtjtable to a single activity are allocated directly lo that activity. Shared costs whith Gonlribule to mgre than one activity and support costs which are not attTibulJble lo a single a¢l¢vity are 8PPOrtioned belween those activities on a basis consistent the use of re50ufGes. Central staff costs are aSk>¢aled Dn the basis of lime spent, and depreciation Charges are allocated on the portion of the asset's use. 1.6 Cash and cash equlvalents Cash ar cash equivalents include cash in hand, depostts held at call with banks, other short-temi liquid investments with original maturities of three months or less, and bank ovefLlrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.7 Financlal Instruments The ¢harity has elecied lo apply the provIonS of Section 11 'Basic Financlal InstrLtmerFls' and Section 12 'Olher FinanGial Instruments Issues, of FRS 102 to all of ils financial instruments. Financial instrumenls are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the inslrurnenl. Financial assets and liabilities are offset, with the nel amounts presenlecl in the financlal slalements, when Ihere is a legally enforceable right lo sel otf the recognised amoL¢nts and there 18 ari intention lo setNe on a net basis or lo realise the asset and settle the liabtlity simultaneously. Basic fiTnancial assets Basic financial assets. which include debtors and cash and bank balances, are initially measured a transaction price including transaction costs and are subsequently carried al amorlised cost usin9 the effective interest method unless the arrangement constitutes a financing Iransaclion, where the transaction is measured al the present value of the future receipts discounled al a market rale of interest. Financial assets ¢lass¢fièd as receivable within one year are not amortised. Basic financial liabllities Basic finan¢ial liabilities, including creditors and bank loans are init¢ally recogrsised at transaction price unless the arrangemerrt ¢onslitules a financing transaction, where the debt instrument is meastjred at the present valtje of the future payments discounted al a market rate of interest. Financial liabilities classified as payable w¢thin one year are not amortised. Debt instrnmenls are subsequently carried 8t amortiseis cost, using the effective inl&resl rate method. Trade credilofs are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as currènt liabilttias if payment is due within one year or less. If nol. they are presented as non-Gurrenl liabilities. Trade ¢redilors are re¢D9nised initially at transaction price and subsequently measured at 8mortisèd cost using thè effective interest method. nancial liabilities Derecognition of r Financial liabilities are derecognised when the ¢harsty's contractual obligations expir@ or 8tE discharged or cancelled.
AKS LYTHAM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Critical accounting estimates and judgements In thè application of the charity's 8ccounling policies, th@ trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparenl from other sources. The eslimales and associated assumptions are based on hislofical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The eslimales and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects bolh current and future periods. Incorn8 fmm donatlons and legaciès UnrestrictÈd Restrlctèd funds funds 2025 2025 Total Unroslrlctèd Restricted funds funds 2024 2024 Totsl 2025 2024 Donation5 and gifts 2,088 119,1r 121,194 200 128,362 128,562 Incom& from othèr tradlng actlvltles Unrèstrictèd Unrèstrfcted funds funds 2025 2024 Fundraising events 4,919 6,271 Expenditure on raislng fvnds Unrestricted Unrestricted funds funds 2025 2024 FundralsSng and publiGIty Staging fundraising events Advertising 3.076 2,482 3,799 227 5,558 4,026
AKS LYTHAM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Expenditure on Charitable activities Charitable Charitable expenditure expenditure 2025 2024 Dlrect costs Bank charges Bursaries granted Educational trip support Soffv4are support 49 107,937 218 1,396 127 52,500 1.107 198 109,600 53,932 sha of support and governance costs (see note 9) Govemance 456 456 110.056 54,388 Analysis by fund Unreslricled fvnds Restricted fvnds 1,901 108.155 781 53,607 110,056 54,388 Net movement in fund5 2025 2024 The nel tnovement in funds is slated after chargingl{credilin9}-. Fees payable for the independent examination of the charity's financial statements 456 456 Trustees None of the trustees lor any persons connected wbth them) received any remuneration or benefits from the charity during the year. Support costs a15ocatsd to activities 2025 2024 Govemance costs 456 456 Analysed between: Charitable activities 456 456 10-
AKS LYTHAM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 10 Employees The average monthly number of employees during the year was.. 202S Number 2024 Number Total There were no employ&s whose 8nnual rernuneralion was 0[e than £60.OQO. Remuneratlon of key managemènt pèrsonnel There were no employees during the year. 11 Taxation The charty is exempt from taxation on Ils activltles because all ils income is applied for charitablè purposes. 12 Debtors 2025 2024 Amounts fallSng due viithin one year- Trade debtors other debtors 42.001 10,511 8,797 52,512 8.797 13 Credltors.. amounts falling due withln one yèar 2025 2024 other creditors Accruals and defetted incotne 105,125 497 606 105,622 606 11
AKS LYTHAM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 14 Re$trl¢tfrd funds The reslricled fvnd5 of the Ghatity comprise the unexpended balances of donations and grants held on trust subje¢t to SpeCEC conditions by donors 8s lo how they may be used. At1 September 2024 Incoming resources Resources At 31 August expended 202S Maplewood Trust BursaryAppeal incl Change Their Wortd 1,563 75,862 1,250 117,856 {2181 1107,9371 2,595 85,781 77,425 119,106 1108,1551 88,376 Prev5ous year- At1 September 2023 Incoming resources Resources At 31 August expended 2024 Maplewood Trust Bursary Appeal IGI Change Their World 2.670 11,1071 152,5001 1,563 75,862 128.382 2,670 128,362 153,6071 77,425 IAaplewood TTUSt- the purpose of the fund is for educational trips. Bursary Appeal & Change Their World - the ptjrpose of the fund is lo provide bursary's to attend AKS Lytham Sixth Form for talented ¢hildren in the local area. 16 Unrestrlcted funds The unreslricled funds of the charity comprise the unexpended balances of donations and granls which are not subject to specific conditions by donors and grantors as lo how they may be used. These Fnclude desi9naleil funds which have been sel as¢de out of unrestricted funds by the trustees for spècific purposas. Atl September 2024 Incomlng resources Resources At 31 August expended 2025 General funds 56,035 7.007 (7.459) 55,583 Previous year.. At1 September 2023 Incoming resou¢$ Resources At 31 August expendoil 2024 General funds 54,371 6.471 {4.8071 56,035 12-
AKS LYTHAM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 16 Analysis of net assets between funds UnrestrSGted funds 2025 RestTlcted funds 2025 Total 2025 At 31 August 2025- Current asselsl(liabililiesl 55,583 88,376 143.959 55,583 88,376 143,959 Unrestricted funds 2024 Rèstrlcted funds 2024 Totsl 2024 At 31 August 2024-. Current 8ssetsl{liabililiesl 56,035 77,425 133,460 56,035 77,425 133.460 17 Related party trarisactions There were no disclosable relaled party transactions duriTrJ the year12024- none). 13-