REGISTERED COMPANY NUMBER: CE032559 (England and Wales) REGISTERED CHARITY NUMBER: 1203446
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 JULY 2025
FOR
THE MARGATE SCHOOL CIO
Ackland Webb Ltd Chartered Certified Accountants Suite 1, First Floor 3 Jubilee Way Faversham Kent ME13 8GD
THE MARGATE SCHOOL CIO
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 JULY 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Statement of Financial Activities | 2 | ||
| Balance Sheet | 3 | ||
| Notes to the Financial Statements | 4 | to | 7 |
| Detailed Statement of Financial Activities | 8 |
THE MARGATE SCHOOL CIO
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 1 JULY 2025
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 1 July 2025. 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).
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.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
CE032559 (England and Wales)
Registered Charity number
1203446
Registered office
The Margate School 31-33 High Street Margate Kent CT9 1DX
Trustees
J Shea U K Derksen (resigned 18.6.25) R A Gardner (resigned 18.6.25) Mrs G Youngs (resigned 18.6.25) H Fenwick Mrs D Roudette Ms W Carter (appointed 18.6.25)
Company Secretary
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Trustee
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THE MARGATE SCHOOL CIO
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 1 JULY 2025
| Year Ended 1.7.25 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 209,169 Other trading activities 2 396 Total 209,565 EXPENDITURE ON Raising funds 3 - Charitable activities Grants 219,942 Other 660 Total 220,602 NET INCOME/(EXPENDITURE) (11,037) RECONCILIATION OF FUNDS Total funds brought forward 15,621 TOTAL FUNDS CARRIED FORWARD 4,584 |
Period 7.6.23 to 1.7.24 Total funds £ 117,332 1,580 |
|---|---|
| 118,912 | |
| 2,741 100,000 550 |
|
| 103,291 | |
| 15,621 - |
|
| 15,621 |
The notes form part of these financial statements
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THE MARGATE SCHOOL CIO
BALANCE SHEET 1 JULY 2025
| 1.7.25 Unrestricted fund Notes £ CURRENT ASSETS Cash at bank 5,134 CREDITORS Amounts falling due within one year 6 (550) NET CURRENT ASSETS 4,584 TOTAL ASSETS LESS CURRENT LIABILITIES 4,584 NET ASSETS 4,584 FUNDS 7 Unrestricted funds 4,584 TOTAL FUNDS 4,584 |
1.7.24 Total funds £ 16,171 (550) 15,621 15,621 15,621 15,621 15,621 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 1 July 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 1 July 2025 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.
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 ............................................. and were signed on its behalf by:
............................................. Trustee
The notes form part of these financial statements
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THE MARGATE SCHOOL CIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 JULY 2025
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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
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. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| Period | ||
| 7.6.23 | ||
| Year Ended | to | |
| 1.7.25 | 1.7.24 | |
| £ | £ | |
| Fundraising events | 396 | 1,580 |
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THE MARGATE SCHOOL CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 1 JULY 2025
3. RAISING FUNDS
Raising donations and legacies
| Raising donations and legacies | ||
|---|---|---|
| Period | ||
| 7.6.23 | ||
| Year Ended | to | |
| 1.7.25 | 1.7.24 | |
| £ | £ | |
| Support costs | - | 2,741 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 1 July 2025 nor for the period ended 1 July 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 1 July 2025 nor for the period ended 1 July 2024.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 117,332 |
| Other trading activities | 1,580 |
| Total | 118,912 |
| EXPENDITURE ON | |
| Raising funds | 2,741 |
| Charitable activities | |
| Grants | |
| 100,000 | |
| Other | 550 |
| Total | 103,291 |
| NET INCOME | 15,621 |
| TOTAL FUNDS CARRIED FORWARD | 15,621 |
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THE MARGATE SCHOOL CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 1 JULY 2025
| 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accrued expenses 7. MOVEMENT IN FUNDS At 2.7.24 £ Unrestricted funds General fund 15,621 TOTAL FUNDS 15,621 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 209,565 TOTAL FUNDS 209,565 Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 118,912 TOTAL FUNDS 118,912 |
1.7.25 1.7.24 £ £ 550 550 Net movement At in funds 1.7.25 £ £ (11,037) 4,584 (11,037) 4,584 Resources Movement expended in funds £ £ (220,602) (11,037) (220,602) (11,037) Net movement At in funds 1.7.24 £ £ 15,621 15,621 15,621 15,621 Resources Movement expended in funds £ £ (103,291) 15,621 (103,291) 15,621 |
|---|---|
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THE MARGATE SCHOOL CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 1 JULY 2025
8. RELATED PARTY DISCLOSURES
During the year donations totalling £219,942.37 (2024 £100,000) were made to The Margate School, a company limited by guarantee (registered at Companies House, number 09629126) and an entity that shares key personnel with the Margate School CIO.
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THE MARGATE SCHOOL CIO
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 1 JULY 2025
| Year Ended 1.7.25 £ INCOME AND ENDOWMENTS Donations and legacies Donations 155,400 Gift aid 51,020 Crowdfunding 348 Auction 2,281 Room hire 120 209,169 Other trading activities Fundraising events 396 Total incoming resources 209,565 EXPENDITURE Charitable activities Grants to institutions 219,942 Support costs Management Subscriptions - Finance Bank charges - Governance costs Accountancy and legal fees 660 Total resources expended 220,602 Net (expenditure)/income (11,037) |
Period 7.6.23 to 1.7.24 £ 115,754 - 878 700 - |
|---|---|
| 117,332 1,580 |
|
| 118,912 100,000 2,715 26 550 |
|
| 103,291 | |
| 15,621 |
This page does not form part of the statutory financial statements
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