REGISTERED COMPANY NUMBER: 01546040 (England and Wales) REGISTERED CHARITY NUMBER: 282198
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30 April 2024
for
European Academy Great Britain(The) Limited by Guarantee
J R G Auber FCA
2 Castle Business Village Station Road Hampton Middlesex TW12 2BX
European Academy Great Britain(The) Limited by Guarantee
Contents of the Financial Statements for the Year Ended 30 April 2024
| Page | |||
|---|---|---|---|
| Committee Annual Report | 1 | to | 3 |
| Report of the Trustees | 4 | ||
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | ||
| Notes to the Financial Statements | 8 | to | 11 |
| Detailed Statement of Financial Activities | 12 |
European Academy Great Britain(The) Limited by Guarantee
Committee Annual Report
for the Year Ended 30 April 2024
EUROPEAN ACADEMY GREAT BRITAIN (EAGB)
History, objectives and activities of EAGB
The European Academy Great Britain was established on 17 February 1981 as an educational charity to increase knowledge of educational subjects of European interest. The Committee currently focuses on young people between 13 -19 years of age. The EAGB collaborates with a wide range of schools and works closely with their teachers in developing educational courses.
Management and governance arrangements
The memorandum and articles provide for a minimum of 3 members of the committee. Were there a requirement for new members of the committee, these would be identified and appointed by the remaining members of the committee. New members of the committee are briefed on their responsibilities, the governing document, administrative procedures, the history and philosophical approach of the charity. A new member of the committee would receive copies of the previous year's report and accounts and a copy of the Charity Commission leaflet "The Essential Trustee: What You Need to Know".
The committee annually review the risks that the charity faces. To date these have included minor areas of risk relating to employing staff which have been covered by proper procedures and insurance. It has also considered risks relating to terrorism which could cause cancellations and aims to systematically build up a reserve of three years operating income to cover fluctuations in student registrations.
Achievements and performance
The European Academy Great Britain managed to continue its educational commitment following the Coronavirus Covid 19 pandemic, by providing support to 90 students and teachers from Sweden and Finland. Revenues: Finland 50.2% and Sweden 49.8%
Suomalaisen Yhteiskoulun Saaio (SYK), Helsinki
(29.10 - 3.11.23)
This Finnish school returned for the seventh time with 24 Religious Education and English students and 2 teachers. The week commenced with a morning of Shakespeare including a workshop (Romeo and Juliet), followed by a River Thames walk and South Bank experience, and visit to the British Museum. They also spent an afternoon exploring all corners of London independently whilst participating in a London Scavenger Hunt, enabling them to navigate around the city and identify places of interest.
Places of worship visited included St Paul's Cathedral, St Bartholomew the Great and the Less, where they had guided tours. Temple visits included a Sikh Gurdwara, a tour of BAPS Shri Swaminarayan Mandir Hindu temple, a central London Buddhist temple, London Fo Guang Shan, and a local West Ealing Hindu Tamil temple. At each temple, without exception, the students received a very warm welcome and tour; and they were able to ask questions, sample the local vegetarian curries and be immersed in their differing rich cultures for a few hours.
The final evening was spent at the Prince of Wales Theatre where the teachers decided to take their students to the musical The Book of Mormon.
Tibble Gymnasium, Tibble (17-21.03.24)
32 International Economy students and 3 teachers returned from this Swedish school from Taby, 10 miles north of central Stockholm. This is the school's eighth trip since 2016. The programme included an actor-led interactive educational experience at the London Dungeon, a Romeo and Juliet workshop and tour of Shakespeare's Globe theatre, a guided tour of Harrow School, a Bank of England active learning session, a Museum of Brands workshop and tour. In addition, the school visited, as in previous years, the multicultural area of Southall in London with a temple visit offering an interesting contrast to their City, Harrow School and Bank visit.
Kerttulin Lukio, Finland 20-26.04.24
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European Academy Great Britain(The) Limited by Guarantee
Committee Annual Report
for the Year Ended 30 April 2024
This school from the rural area of Turku visited us for the second time since 2018 with 27 students and 2 teachers. They enjoyed a very varied week's programme. They spent the earlier part of the week familiarising themselves with the city of London, by challenging themselves on the London Scavenger Hunt and tackling the London transport system. They undertook a canal walk along the Grand Union Canal from Paddington, Little Venice to Camden. They spent a morning at the British Museum, completing a Treasure Hunt exercise to find and engage in the main exhibits. The students spent a morning on the South Bank, taking in the Houses of Parliament, Westminster Abbey and Borough Market before attending a workshop and tour of Shakespeare's Globe. They continued a walk over the Ove Arup Millennium bridge to St Paul's Cathedral.
Other visits included an education led workshop (The Cold War: Mission Reconnaissance) at the National Army Museum, a guided tour of Harrow School, a guided visit and lunch at the Gurdwara Sikh temple, a guided two hour historic walking tour of the Unknown East End, commencing at Whitechapel. A particular highlight for this school was a tour and workshop at Sky Studios. Students experienced working in media - they wrote, produced, enacted and filmed themselves reporting on a news topic of their choice.
In addition to the daytime schedule, the group enjoyed an evening at the Duchess Theatre, watching The Play That Goes Wrong and an evening two hour walk, following the footsteps of Jack TheRipper, tales of whom were described by a London Walks guide.
As usual, students followed a format of beginning their studies with a preparatory session to help them work out how to carry out their educational projects, and finished with an evaluation session. All students were hosted by local families in the area.
Financial review, investment policy and reserves
The committee have set a policy to ensure that any surplus funds earn maximum interest to maximise the total return with a minimum of risk.
Since the income of the EAGB can fluctuate based on school registrations, the committee plan to build up gradually 3 years of operating income to provide a stable base for its activities and ensure as far as is reasonably possible staff security.
There was an excess of £1544 income over expenditure. The adequacy of the reserves policy is reviewed annually.
Public Benefit
Students exchanged experiences with local schools. A social issues programme was organised for the students. They volunteered at a local centre where those who are homeless in the area can find food, warm clothing and a sense of community. The centre estimates that in excess of 1000 individuals access their services on various days of the week. They come from a range of ethnic backgrounds that include Black African and Caribbean, Asian Chinese and White Europeans. The aim was to raise awareness of the need to provide a caring and safe environment for the poor, socially marginalised and those who suffer from isolation or are in any kind of need.
Future plans
The committee intend to continue organising the wide range of school courses it already undertakes.
Statement of Committee Members' responsibilities
Charity law requires the members of the committee to prepare financial statements for each financial year which show a true and fair view of the state of affairs of the charity and its financial activities for that period. In preparing those financial statements, the committee members are required to:
" Select suitable accounting policies and then apply them consistently;
" Make judgements and estimates that are reasonable and prudent;
" State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; and
" Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operational existence.
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European Academy Great Britain(The) Limited by Guarantee
Committee Annual Report
for the Year Ended 30 April 2024
The committee members are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to 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 and detection of fraud and other irregularities.
Independent Examiner
The committee intend to ask the existing accountant to undertake the independent examination of the charity in the following year.
Signed on behalf of the trustees
Mrs I.Alsbury
17.1.25
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European Academy Great Britain(The) Limited by Guarantee
Report of the Trustees for the Year Ended 30 April 2024
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 30 April 2024. 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
01546040 (England and Wales)
Registered Charity number
282198
Registered office
12 Nassau Road London SW13 9QE
Trustees
Mrs I Alsbury A Loader Mrs C C Racadio
Company Secretary
A Loader
Independent Examiner
. J R G Auber FCA 2 Castle Business Village Station Road Hampton Middlesex TW12 2BX
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 17 January 2025 and signed on its behalf by:
Mrs I Alsbury - Trustee
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Independent Examiner's Report to the Trustees of European Academy Great Britain(The) Limited by Guarantee
Independent examiner's report to the trustees of European Academy Great Britain(The) Limited by Guarantee ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 April 2024.
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:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
-
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.
.
J R G Auber FCA 2 Castle Business Village Station Road Hampton Middlesex TW12 2BX
20 January 2025
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European Academy Great Britain(The) Limited by Guarantee
Statement of Financial Activities
for the Year Ended 30 April 2024
| 30.4.24 | 30.4.23 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Charitable activities | |||
| Educational courses | 56,744 | 66,061 | |
| EXPENDITURE ON | |||
| Charitable activities | |||
| Support costs | 41,667 | 37,798 | |
| Student Accommodation & Travel | 7,487 | 14,601 | |
| Tickets | 6,046 | 9,977 | |
| Total | 55,200 | 62,376 | |
| NET INCOME | 1,544 | 3,685 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 62,540 | 58,855 | |
| TOTAL FUNDS CARRIED FORWARD | 64,084 | 62,540 |
The notes form part of these financial statements
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European Academy Great Britain(The) Limited by Guarantee
Balance Sheet
30 April 2024
| 30.4.24 | 30.4.23 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Cash at bank and in hand | 68,549 | 64,640 | |
| CREDITORS | |||
| Amounts falling due within one year | 5 | (4,465) | (2,100) |
| NET CURRENT ASSETS | 64,084 | 62,540 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 64,084 | 62,540 | |
| NET ASSETS | 64,084 | 62,540 | |
| FUNDS | 6 | ||
| Unrestricted funds | 64,084 | 62,540 | |
| TOTAL FUNDS | 64,084 | 62,540 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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 17 January 2025 and were signed on its behalf by:
I Alsbury - Trustee
The notes form part of these financial statements
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European Academy Great Britain(The) Limited by Guarantee
Notes to the Financial Statements for the Year Ended 30 April 2024
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.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 April 2024 nor for the year ended 30 April 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 April 2024 nor for the year ended 30 April 2023.
continued...
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European Academy Great Britain(The) Limited by Guarantee
Notes to the Financial Statements - continued for the Year Ended 30 April 2024
3. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Administration No employees received emoluments in excess of £60,000. 4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Charitable activities Educational courses EXPENDITURE ON Charitable activities Support costs Student Accommodation & Travel Tickets Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors |
30.4.24 30.4.23 1 1 Unrestricted fund £ 66,061 37,798 14,601 9,977 62,376 3,685 58,855 62,540 30.4.24 30.4.23 £ £ 4,465 2,100 |
|---|---|
continued...
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European Academy Great Britain(The) Limited by Guarantee
Notes to the Financial Statements - continued for the Year Ended 30 April 2024
6. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | ||
|---|---|---|
| Net | ||
| movement | At | |
| At 1.5.23 | in funds | 30.4.24 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 62,540 |
1,544 | 64,084 |
| TOTAL FUNDS 62,540 |
1,544 | 64,084 |
| Net movement in funds, included in the above are as follows: | ||
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 56,744 |
(55,200) | 1,544 |
| TOTAL FUNDS 56,744 |
(55,200) | 1,544 |
| Comparatives for movement in funds | ||
| Net | ||
| movement | At | |
| At 1.5.22 | in funds | 30.4.23 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 58,855 |
3,685 | 62,540 |
| TOTAL FUNDS 58,855 |
3,685 | 62,540 |
| Comparative net movement in funds, included in the above are as follows: | ||
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 66,061 |
(62,376) | 3,685 |
| TOTAL FUNDS 66,061 |
(62,376) | 3,685 |
continued...
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European Academy Great Britain(The) Limited by Guarantee
Notes to the Financial Statements - continued for the Year Ended 30 April 2024
6. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.5.22 | in funds | 30.4.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 58,855 | 5,229 | 64,084 |
| TOTAL FUNDS | 58,855 | 5,229 | 64,084 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 122,805 | (117,576) | 5,229 |
| TOTAL FUNDS | 122,805 | (117,576) | 5,229 |
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 April 2024.
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European Academy Great Britain(The) Limited by Guarantee
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 30 April 2024 | ||
| 30.4.24 | 30.4.23 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Charitable activities | ||
| Educational courses | 56,744 | 66,061 |
| Total incoming resources | 56,744 | 66,061 |
| EXPENDITURE | ||
| Charitable activities | ||
| Student Accommodation & Travel | 7,487 | 14,601 |
| Tickets | 6,046 | 9,977 |
| 13,533 | 24,578 | |
| Support costs | ||
| Management | ||
| Administrator's salary | 29,478 | 28,000 |
| Pensions & Er's NI | 1,664 | 467 |
| Bank charges | 464 | 482 |
| 31,606 | 28,949 | |
| Governance costs | ||
| Wages | 3,000 | 2,000 |
| Postage, phone, IT &c | 2,758 | 2,379 |
| Sundries | 430 | 322 |
| Accountancy | 2,913 | 2,833 |
| Travel | 960 | 1,315 |
| 10,061 | 8,849 | |
| Total resources expended | 55,200 | 62,376 |
| Net income | 1,544 | 3,685 |
This page does not form part of the statutory financial statements
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