2025-03-31-accounts

Chair’s Report

to Annual General Meeting 4[th] . June 2025.

Much as with the 2023-24 year, this year had been quite straightforward with the routine receipt of grant requests from TQEA by e.mail, circulating these to all trustees for consideration, then except for occasional small amendments, approving them ( in one instance trustees suggested a slight increase in the amount requested to enable an improved equipment supply. Thanks to ND for his expert input). ATT continue to finance the grants initially, then we repay ATT on receipt of invoices.

For the first time we helped fund the Enrichment days which we believe were very successful. We have already approved similar funding for the 2025 event. We also helped fund the Year 10 Graduation ceremony which I attended in order to present an award, as did our trustee Sarah in her role as town mayor. There were some interesting poses by students for the camera booth after the event.

We continue to support the student counsellor and also the fund for uniform and shoes for students in need. There continue to be ongoing grants for other annual costs. For the coming year, we hope to make a couple of changes to our Constitution (The Scheme) allowing us to go forward with mainly e.mail contact between trustees as agreed at last year’s AGM, this having proved a beneficial way forward. We also wish to remove the requirement for a Warwickshire County council nominated trustee as this has really been a hangover from the period when the academy was WCC controlled (ending in the mid 1990s). We will vote on this later in the meeting. We have recently received a small grant from a local, now disbanded, choir with a request that we use it to further musical education within the academy.

We have, for quite some years, been holding a small amount on behalf of the Cyril Collins bursary(to encourage young people’s music tuition), as there was no governing body in respect of that fund. A recent offer to resume that body has come to nothing so those funds ( £914) are now to be incorporated with the money received from the choir (approximately £6000). We will finalise with the academy how that is to be spent.

We are, of course, continuing to monitor the performance of our investments in the current volatile worldwide situation, with regular updates from our investment managers.

This financial year we have already paid £16298 in grants. A further £52810 has been approved but has not yet been invoiced to us.

Finally, can I thank all trustees for your commitment over the last year and I look forward to another fruitful year in supporting the academy and its students.

Documents for the 2024 – 2025 accounts of The Queen Elizabeth Academy Charity Charity Number 516412

Treasurer Joanna Bickley: 07841 879907

Chairman/Clerk Hugh Nethercot: 01827 712963 or 07768 932655

The Queen Elizabeth Academy Charity (516412) Summary of Receipts and Payments for Year to 31/03/2025

Payments Grants Paid School Counsellor Breakfast Club Accounts Review Bank Charges	£ 15,465.00 0.00 833.33 360.00 62.00
	£16,720.33

Receipts Quilter – Income COIF – (CCLA) Income M&G (Cyril Collins Bursary Holding	£ 23,364.62 3,450.73 £26,859.07 43.72 £26,859.07

Quilter Quarterly Management Charge inc. VAT 30/06/2024 30/09/2024 31/12/2024 31/03/2025	£ 1,886.92 1.931.93 1,950.90 1,956.50
	7,726.25

The Queen Elizabeth Academy Charity (516412) at 31/03/2024

Assets

	At 31/03/2024	At 31/03/2025	Increase/Decrease
	£	£	£
Quilter Portfolio	857,556	855,588	-1,968
CCLA/COIF	126,880	125,874	-1,006
	984,436	981,462	-2,974
HSBC Account	At 31/03/2024	At 31/03/2025
	£	£
Balance	36,570	23,916
Add - uncleared receipts	6,747	5,997
Less – unpresented cheques	25,012	27,301
Sub Total	18,305	2,612
Less – due to CCB	608	651
True Total	17,697.34	1,961

Date	Description	Amount
31.3.25	Outstanding commitments
21.07.2021	Counselling Mar 24	£1,250.00
21.07.2021	Counselling Apr 24 – Mar 25	£15,000.00
15.11.2023	Breakfast Club 3 x 833.33	£2,500.00
08.05.2024	Theatre Trip - Inspector Calls	£2,075.00
18.06.2024	Graduation Ceremony resources	£1,994.83
30.09.2024	Trophy Cabinet	£1,399.00
13.11.2024	Christmas Hampers for vulnerable families	£1,000.00
17.03.2025	Counselling Apr 25 - Apr 26	£15,000.00
18.03.2025	STEM - central lathe and tools with installation	£2,979.08
20.03.2025	Enrichment Activities	£9,000.00
	Total	£25,218.83
2025-26	New commitments
28.04.2025	PROM 25	£2,000.00
	Total	£2,000.00

TQEA Charity Cheques Issued 2024-2025

Cheque	Date	Paid to	For	Amount	Notes
200040	28.06.2024	ATT/TQEA	5 Invoices	£14,828.33	Breakfast Club Support	£833.33
					Year 11 Prom	£2000.00
					SEND Drayton Manor	£495.00
					SPARX Reader Scheme	£4000.00
					Enrichment Day Support	£7500.00
200041	23.07.2024	Screatons	Annual Accounts	£360.00
200042	27.03.2025	ATT/TQEA	2 Invoices	£1470.00	Coach Hire Museum & Cathedral	£450.00
					Microscopes	£1020.00
			Total	£16,658.33

QUEEN ELIZABETH ACADEMY CHARITY REGISTERED CHARITY NO. 516412 STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31% MARCH 2025

Screatons Ltd. Chartered Accountants Former Atherstone College Ratcliffe Road ATHERSTONE Warwickshire CV9 ILF

i:.

INDEPENDENT EXAMINERS’ REPORT TO THE TRUSTEES OF QUEEN ELIZABETH ACADEMY CHARITY

I report on the accounts of the Trust for the year ended 3 1 March 2025.

Respective Responsibilities of Trustees and Examiner

• The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the 1993 Act)) and that an independent examination is needed. It is my responsibility to: e Examine the accounts (under section 43(3)(a) of the 1993 Act; «To follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 43(7)(b) of the 1993 Act); and

• » To state whether particular matters have come to my attention.

~

Basis of Independent Examiners’ Report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, I do not express an audit opinion on the view given by the accounts.

Independent Examiners’ Statement

In connection with my examination, no matter has come to my attention:

1. Which gives me reasonable cause to believe that, in any material respect, the requirements: « to keep accounting records in accordance with S41 of the 1993 Act; and « to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 1993 Act

have not been met; or

1. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Screatons Ltd. Chartered Accountants

Institute of Chartered Accountants in England & Wales Former Atherstone College, Ratcliffe Road, Atherstone, Warwickshire, CV9 ILF

10" July 2025

QUEEN ELIZABETH ACADEMY CHARITY (516412) RECEIPTS & PAYMENTS ACCOUNT

For the year ended 31st March 2025

				z	£
	Receipts	Quilter -Income COIF -(CCLA) -Income			23,365 3,451
		M&G(Cyril CollinsBursary Holding) -Income			44
					26,860
	Payments
%		Grants Paid		16,298
		School Counsellor		0
		AccountsReview		360
		Bank Charges		62
					16,720
		(Deficit)/Surplus forthe Year			10,140
		Quilter QuarterlyManagement Charge inc.VAT	£
		30/06/2024	1,887
		30/09/2024	1,932
		31/12/2024	1,951
		31/03/2025	1,956
			7,726

QUEEN ELIZABETH ACADEMY CHARITY (516412) BALANCE SHEET

For the year ended 31st March 2025

		2025	2025
		fi	£
	Current Assets
	HSBC Bank account	28,445
			28,445
~~	Financed By
	Receipts&Payments Account		10,140
	Designated Reserves		18,305
			28,445
	MarketValue ofInvestments at 31st March 2025
			£
	QuilterPortfolio		855,588
	CCLA		125,874
			981,462
	LESS
	Due toCCB	651
			980,811
“Grantsapproved butnotpaidby31/03/25			52,810
			928,001

Trustee

Date

eS