**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
1
**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
2
**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
3
**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|
4
**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|
5
**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|
|---|---|
6
**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.
7
**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
8