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← Wyclif Independent Christian Educational Association Limited

2025-07-31-accounts

Company Registration Number 02185224

Charity Registration Number 519496

Wyclif Independent Christian Educational Association Limited

Company Limited by Guarantee

Annual Report and Financial Statements

for the Year Ended 31 July 2025

Wyclif Independent Christian Educational Association Limited

Contents

Page
Company Information 1
Trustees' Report 2 - 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7 - 8
Statement of Cash Flows 9
Notes to the Financial Statements 10 - 17

Wyclif Independent Christian Educational Association Limited

Company Information

The Trustees who served in office throughout the year were as follows -

Alan Southgate (Resigned 22 May 2025) Sarah Corney Karl Kenneth O'Dare David Gwyn Morley Adam Fairman Amanda Bosanquet Company Secretary Sarah Bufton Treasurer Paul Corney Company Number 02185224 Charity Number 519496 Registered Office Ebenezer Baptist Church Wyndham Street Machen Caerphilly CF83 8PU Independent Examiner R H Jeffs & Rowe Limited Chartered Accountants Pontypridd CF37 2HW Bankers Lloyds Bank plc Market Square Pontypridd CF37 2TF Website http://wyclifchristianschool.org/

Page 1

Wyclif Independent Christian Educational Association Limited

Trustees' Report for the Year Ended 31 July 2025

Introduction

The Trustees present their annual report and the financial statements for the Year Ended 31 July 2025 which are prepared to meet the requirements for a Director's report and accounts for Companies Act 2006 purposes and the trust deed.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 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).

The Annual report serves the purposes of a Trustee's report and a Director's report under company law.

Directors and Trustees

The Directors of the charitable company (the charity) are its Trustees for the purpose of charity law and throughout this report are collectively referred to as the Trustees.

Structure, Governance and Management

The organisation is a charitable company limited by guarantee, incorporated on 29 October 1987 and registered as a charity on 7 December 1987. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.

Organisational Structure

All major decisions and staff appointments are made in the regular governors meetings (trustees meeting). The school governors set policy and the school's senior management team are required to implement the school policy set by the board of governors. Members of the senior management team attend all governor meetings. This is usually the Headteacher and Deputy Headteacher. All pay is reviewed and decided by the governing body.

Quarterly, the Treasurer makes a full financial report to the governing body including review of payments, receipts and reserves. Annual budgets are prepared and presented to the governing body each year. Staff remuneration is reviewed annually and decided by the governing body.

Appointment of New Trustees & Training

New trustees are appointed by the governing body. All governors are subject to DBS safeguarding checks and receive safeguarding training. All major decisions and staff appointments are made in the regular governors meetings (trustees meeting).

Objectives and Activities

The objective is to promote and provide for the advancement of Christian education in Mid-Glamorgan, South Glamorgan and Gwent by the running of a school.

Page 2

Wyclif Independent Christian Educational Association Limited

Trustees' Report for the Year Ended 31 July 2025

Public Benefit

The School continues to provide a Christian based education for children from the age of 4 until 18. The School promotes the academic, moral, and physical development of the children, thus preparing them for the responsibilities of adult life. A number of our children have special needs and these are catered for with the cooperation of the appropriate authorities.

The modest fee structure ensures that parents who would not normally be able to afford school fees have access to a Christian education that they wish to have for their children.

The Trustees have had regard to the Charity Commission's guidance on public benefit.

Annual Review

In 2025, the subjects studied at GCSE level during the year were: English Language, English Literature, Mathematics, Biology, Chemistry, Physics, Geography, History, Spanish and Art and Design. Year 10 students sat O Level Biblical Studies. Additionally at AS Level in Year 12 and GCE A Level in Year 13, the following subjects were studied: Biology, Chemistry, Computer Science, English Literature, Extended Project Level 3, History, Mathematics, Physics and Spanish.

In 2025, 17 students completed Year 11 GCSE examinations with 84.1% of students achieving the Level 2 national standard. This is defined as 5 or more 9 to 4 grades (the former A* to C grades), including Mathematics and English Language.

In 2025, 2 students completed 16 GCE A Level examinations with 100% of these resulting in A* - C grades.

Financial Review

The Statement of Financial Activities (SOFA) is designed to show the user what funds the charity generated during the year, and how those funds are spent. The SOFA also shows the funds and assets designated by the trustees for a specific purpose, and those funds and assets that can be spent or utilised at the trustee's discretion, within the confines of the charity's aims and objectives. These are the unrestricted funds of the charity.

Income generated by the charity this year amounted to £618,436 (2024 : £571,912). Full details of income are shown in note 3 of the accounts.

Expenditure for the year amounted to £578,094 (2024 : £548,676). Full details of expenditure are shown in note 4 of the accounts.

The charity therefore made an overall surplus for the year of £40,342 (2024 : £23,236).

The charity balance sheet is a snap shot value in costs terms only, of the charity's value as at the close of business on 31 July 2025. No attempt has been made to place a market value on any of the buildings or equipment as the trustees have no plans to sell significant assets, but instead plan on continuing to use the asset to help the charity with its aims and objectives.

On the balance sheet the fixed assets increased in cost value to £131,437 (2024 : £125,547). This decrease is due to additions purchased in the year, and the deduction from the depreciation charge which reflects the costs of wear and tear from usage.

Debtors due to the charity decreased to £16,046 (2024 : £27,893).

Money held by the charity decreased to £177,355 (2024 : £222,295).

Creditors and other money owed by the charity at the year end decreased to £39,491 (2024 : £130,730). The balance sheet then shows the funds split between unrestricted and restricted, with note 12 of the accounts showing what assets are reflected in the fund balances.

Page 3

Wyclif Independent Christian Educational Association Limited

Trustees' Report for the Year Ended 31 July 2025

Risk Management

The Trustees are responsible for identifying and reviewing the major risks to which the charity is exposed and for establishing procedures to mitigate those risks. The principal risks and uncertainties faced by the charity continue to relate to the fluctuation in pupil numbers and the resulting impact on fee income, the recruitment and retention of suitably qualified staff, and compliance with safeguarding and health and safety legislation.

Financial risks are managed through regular monitoring of budgets and cash flow, maintenance of adequate reserves, and the Treasurer’s quarterly financial reporting to the governing body. Operational and compliance risks are mitigated through robust safeguarding procedures, appropriate staff training, insurance cover, and adherence to relevant statutory and regulatory requirements.

The Trustees also keep under review emerging risks that may affect the charity, including changes in education policy, regulatory requirements, and the application of VAT to school fees. The Trustees are satisfied that systems and procedures are in place to manage these risks and to ensure the continued effective operation of the school.

Reserves Policy

The trustees recognise the importance of maintaining unrestricted funds at a level necessary to fund the continuing activities of the charity. The reserves held at the year end totalled £285,347 (2024 : £245,005). Annually a formal assessment of our reserves is made. Quarterly, the treasurer makes a full financial report to the governing body.

Investment Policy

The trustees have considered the most appropriate policy for investing funds and have concluded that funds surplus to the immediate requirements of the charity should be placed in a bank deposit account and transferred as required.

Future Plans

The charity plans continuing the activities outlined above in future years subject to pupil numbers.

This report is prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

This report was approved by the Trustees on .............................. and signed on its behalf by:

........................................

Trustee

Page 4

Independent Examiner's Report to the Trustees of

Wyclif Independent Christian Educational Association Limited

I report to the trustees (who are also Directors for the purpose of company law) on my examination of the financial statements of Wyclif Independent Christian Educational Association Limited ('the charitable company') for the year ended 31 July 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and related notes.

This report is made solely to the charity's trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my work, for this report, or for the opinions I have formed.

Responsibilities and Basis of Report

As the trustees of charitable company you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the financial statements of the charitable company are not required to be audited under Part 16 of the Act and are eligible for independent examination, I report in respect of my examination of the charitable company's financial statements carried out under section 145 of the Charities Act 2011 ('the 2011 Act') and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the financial statements present a 'true and fair' view and my report is limited to those specific matters set out in the independent examiner's statement.

Independent Examiner's Statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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 financial statements to be reached.

Mr. R E Thomas BSc FCA For and on Behalf of R H Jeffs & Rowe Limited Chartered Accountants Pontypridd

Date:

Page 5

Wyclif Independent Christian Educational Association Limited

Statement of Financial Activities for the Year Ended 31 July 2025

Total Total
Year to Year to
Notes Unrestricted Restricted 31/07/25 31/07/24
£ £ £ £
Income & Endowments
Charitable Activities:
- School Fees 3 528,403 - 528,403 512,035
Voluntary Income:
- Gifts, Donations and Other Income 3 83,528 3,280 86,808 59,548
Investment Income 3 3,225 - 3,225 329
Total Income & Endowments 615,156 3,280 618,436 571,912
Expenditure
Charitable Activities:
- School Operating Costs 4 573,405 3,280 576,685 547,176
Governance Costs 4 1,409 - 1,409 1,500
Total Expenditure 574,814 3,280 578,094 548,676
Movement in Total Funds for the Year:
Net Incoming/(Outgoing) Resources 40,342 - 40,342 23,236
Total Funds Brought Forward 245,005 - 245,005 221,769
Total Funds Carried Forward 285,347 - 285,347 245,005

Page 6

Wyclif Independent Christian Educational Association Limited

Company Registration Number 02185224 Balance Sheet as at 31 July 2025

Notes
Fixed Assets
Tangible Fixed Assets
8
Current Assets
Debtors
9
Cash at Bank and in Hand
Creditors: Amounts Falling
Due Within One Year
10
Net Current Assets
Net Assets
Funds
Unrestricted Funds
13
Restricted Funds
13
Total Funds		 2025
£
16,046
177,355
193,401
)
(39,491		 2024
£
£
131,437
27,893
222,295
250,188
)
(130,730
153,910
285,347
285,347
-
285,347		 £
125,547
119,458
245,005
245,005
-
245,005

Page 7

Wyclif Independent Christian Educational Association Limited

Registration Number 02185224 Balance Sheet (continued)

Directors' Statements Required by Sections 475(2) and (3) for the Year Ended 31 July 2025

In approving these financial statements as Trustees of the company we hereby confirm:

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Under Companies Act 2006, s454, on a voluntary basis, the trustees can amend these financial statements if they subsequently prove to be defective.

The financial statements were approved by the Board on .............................. and signed on its behalf by:

........................................

Director and Trustee

The notes on pages 10 to 17 form an integral part of these financial statements.

Page 8

Wyclif Independent Christian Educational Association Limited

Statement of Cash Flows for the Year Ended 31 July 2025

Notes
Cash Flows from Operating Activities
Net Incoming/(Outgoing) Resources for the Period
Depreciation
(Increase)/Decrease in Debtors
Increase/(Decrease) in Creditors
Returns on Investments and Servicing of Finance
Net Cash Flows from Operating Activities
Cash Flows from Investing Activities
Returns on Investments and Servicing of Finance
Capital Expenditure
Net Cash Flows from Investing Activities
Net Increase/(Decrease) in Cash and Cash Equivalents
Cash and Cash Equivalents at 1 August 2024
Cash and Cash Equivalents at 31 July 2025		 2025
£
40,342
6,485
11,847
)
(91,239
)
(3,225
)
(35,790
3,225
)
(12,375
)
(9,150
)
(44,940
222,295
177,355		 2024
£
23,236
6,189
)
(6,592
123,819
)
(329
146,323
329
)
(2,022
)
(1,693
144,630
77,665
222,295

Page 9

Wyclif Independent Christian Educational Association Limited

Notes to the Financial Statements

for the Year Ended 31 July 2025

Statutory Information

Wyclif Independent Christian Educational Association Limited is a charitable company incorporated by guarantee in England and Wales, registration number 02185224. The registered office is Ebenezer Baptist Church, Wyndham Street, Machen, Caerphilly, CF83 8PU. The nature of the charity's operations and principal activities is disclosed within the Trustees Report.

The two members of the company, H T Bilton and Dr E R M Saunders, undertake to contribute to the assets of the company, in the event of the company being wound up, such amounts as may be required not exceeding £1 each.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

1. Accounting Policies

1.1. a) Basis of Accounting and Assessment of Going Concern

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard, applicable in the United Kingdom and Republic of Ireland (FRS 102) and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.

The trustees consider that there are no material uncertainties about the School's ability to continue as a going concern for the year to come.

The financial statements are presented in Sterling (£), the company's functional currency, and rounded to the nearest pound.

The company has consistently applied all relevant accounting standards.

1.2. Taxation

The School, being a registered charity, is not liable for corporation tax on its charitable activities.

1.3. VAT

The charity became registered for Value Added Tax (VAT) during the financial year, following the change in government policy requiring VAT to be applied to the supply of private school fees. Income and expenditure are stated net of VAT except where VAT is irrecoverable.

Page 10

Wyclif Independent Christian Educational Association Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

1.4. Income

All income is included in the Statement of Financial Activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

1.5. Expenditure

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered.

School operating costs are those costs incurred in the year for the running of the school and the provision of education throughout the year.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the independent examiner fees and costs linked to the strategic management of the charity.

All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis.

1.6. Fund Accounting

The unrestricted funds of the Charity comprise those monies which are available to be used towards the meeting of the charitable objectives of the Charity at the discretion of the Management Committee.

The restricted funds are monies raised or received for a specific purpose and accounted for in accordance with the donors imposed conditions.

1.7. Tangible Fixed Assets and Depreciation

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Freehold Land and Buildings - Building element depreciated on a Straight Line basis over
50 years. No depreciation is provided for on freehold land.
Property Improvements - Depreciated on a Straight Line basis over 25 years.
Fixtures, Fittings and Equipment - 20% per annum on a reducing balance basis.

Page 11

Wyclif Independent Christian Educational Association Limited

Notes to the Financial Statements

for the Year Ended 31 July 2025

1.8. Pensions

The pension costs charged in the financial statements represent the defined contribution scheme costs payable by the company during the Year.

The regular cost of providing retirement pensions and related benefits is charged to the profit and loss account over the employees' service lives on the basis of a constant percentage of earnings.

1.9. Financial Instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Trade debtors and other debtors are recognised at the settlement amount due and prepayments are valued at the amount prepaid.

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

2. Company Limited by Guarantee

The two members of the company, H T Bilton and Dr E R M Saunders, undertake to contribute to the assets of the company, in the event of the company being wound up, such amounts as may be required not exceeding £1 each.

3. Income & Endowments

Included within Income & Endowments for the Year are:

Total Total
Year to Year to
31/07/25 31/07/24
£ £
Charitable Activities:
School Fees 528,403 512,035
Voluntary Income:
Donations - General 72,118 45,231
Donations - Building Fund 3,280 5,260
Gift Aid 11,410 9,057
86,808 59,548
Investment Income:
Bank Interest - Deposit Accounts 3,225 329
Total Income & Endowments 618,436 571,912

Page 12

Wyclif Independent Christian Educational Association Limited

Notes to the Financial Statements

for the Year Ended 31 July 2025

4. Total Expenditure
School Total Total
Basis of Operating Year to Year to
Allocation Costs Governance 31/07/25 31/07/24
£ £ £ £
Costs Directly Allocated to Activities
Wages and Salaries Direct 449,860 - 449,860 414,103
Teaching Materials Direct 16,410 - 16,410 21,203
Books Direct 13,528 - 13,528 16,649
479,798 - 479,798 451,955
Support Costs Allocated to Activities
Rent and Maintenance Direct 34,221 - 34,221 35,892
Wages and Salaries (Admin) Direct 14,168 - 14,168 13,805
Pension Contributions Direct 16,781 16,781 15,409
Printing, Postage & Stationery Direct 4,405 - 4,405 3,823
Telephone & Digital Services Direct 8,326 - 8,326 5,382
Legal and Professional Fees Direct - 34 34 -
Accountancy Direct - 1,375 1,375 1,500
Bank Charges Direct 47 - 47 54
Bad Debts Direct 3,074 - 3,074 -
School Events and Other Costs Direct 9,380 - 9,380 14,667
Depreciation Direct 6,485 - 6,485 6,189
96,887 1,409 98,296 96,721
Total Expenditure 576,685 1,409 578,094 548,676
5. Net Income
Net Income is stated after charging:
Net Income
Net Income is stated after charging:
Total Total
Year to Year to
31/07/25 31/07/24
£ £
Depreciation 6,485 6,189
Independent Examiner's Fees 1,375 1,500
7,860 7,689

Page 13

Wyclif Independent Christian Educational Association Limited

Notes to the Financial Statements

for the Year Ended 31 July 2025

6. Staff Costs

Staff costs during the Year comprised of the following:

Total Total
Year to Year to
31/07/25 31/07/24
£ £
Staff Salaries and Expenses 429,344 397,833
Social Security Costs 34,684 30,075
Pension Contributions 16,781 15,409
480,809 443,317

The average number of employees during the Year amounted to 45 (2024 : 43), and can be analysed as follows:

Teachers
Management & Administration		 44
1
45		 42
1
43

No employee was paid £60,000 or more during the Year (2024 : Nil).

The Trustees received no remuneration or benefits in connection with the performance of their duties.

No Trustee expenses occured during the year.

No related party transactions have occured during the year.

Page 14

Wyclif Independent Christian Educational Association Limited

Notes to the Financial Statements

for the Year Ended 31 July 2025

7. Comparatives for the Statement of Financial Activities

Total
Year to
**Unrestricted ** Restricted 31/07/24
£ £ £
Income & Endowments
Charitable Activities:
- School Fees 512,035 - 512,035
Voluntary Income:
- Gifts, Donations and Other Income 54,288 5,260 59,548
Investment Income 329 - 329
Total Income & Endowments 566,652 5,260 571,912
Expenditure
Charitable Activities:
- School Operating Costs 541,916 5,260 547,176
Governance Costs 1,500 - 1,500
Total Expenditure 543,416 5,260 548,676
Movement in Total Funds for the Year:
Net Incoming/(Outgoing) Resources 23,236 - 23,236
Fund Balances Brought Forward 221,769 - 221,769
Fund Balances Carried Forward 245,005 - 245,005

Page 15

Wyclif Independent Christian Educational Association Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

8.
Tangible Fixed Assets
Freehold
Fixtures,
Land and
Property
Fittings and

Buildings
Improvements Equipment
£
£
£
Cost
At 1 August 2024
59,680
114,690
15,956
Additions
-
16,832
-
Adjustments for VAT
-
)
(4,457
-
At 31 July 2025
59,680
127,065
15,956
Depreciation
At 1 August 2024
8,951
43,883
11,945
Charge for the Year
597
5,086
802
At 31 July 2025
9,548
48,969
12,747
Net book values
At 31 July 2025
50,132
78,096
3,209
At 31 July 2024
50,729
70,807
4,011
9.
Debtors
2025
£
Outstanding Fees
6,958
Gift Aid Due
9,088
16,046
10.
Creditors: Amounts Falling Due
Within One Year
2025
£
Prepaid Fees
20,588
Other Taxes and Social Security Costs
18,903
39,491		 Total
2025
£
190,326
16,832
)
(4,457
202,701
64,779
6,485
71,264
131,437
125,547
2024
£
20,738
7,155
27,893
2024
£
128,975
1,755
130,730

Page 16

Wyclif Independent Christian Educational Association Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

11. VAT on School Fees

During the year, the School registered for VAT in accordance with updated HM Revenue & Customs guidance on school fees. As a result, certain fees are now subject to VAT, and income and expenditure in the Statement of Financial Activities are now presented net of VAT. The School has implemented the necessary processes to ensure compliance with VAT legislation, and the financial statements reflect the impact of this change.

12. Analysis of Net Assets Between Funds

13. Total
Unrestricted Restricted
2025
£
£
£
Tangible Fixed Assets
131,437
-
131,437
Current Assets
193,401
-
193,401
Current Liabilities
)
(39,491
-
)
(39,491
285,347
-
285,347
Movement in Funds
At
Incoming
Outgoing
At
01/08/24
Resources
Resources
31/07/25
£
£
£
£
Unrestricted Funds
- School Operation
245,005
615,156
)
(574,814
285,347
Restricted Funds
- Building Modernisation
-
3,280
)
(3,280
-
Total Funds
245,005
618,436
)
(578,094
285,347
Previous Year:
At
Incoming
Outgoing
At
01/08/23
Resources
Resources
31/07/24
£
£
£
£
Unrestricted Funds
- School Operation
221,769
566,652
)
(543,416
245,005
Restricted Funds
- Building Modernisation
-
5,260
)
(5,260
-
Total Funds
221,769
571,912
)
(548,676
245,005		 Total
Unrestricted Restricted
2025
£
£
£
Tangible Fixed Assets
131,437
-
131,437
Current Assets
193,401
-
193,401
Current Liabilities
)
(39,491
-
)
(39,491
285,347
-
285,347
Movement in Funds
At
Incoming
Outgoing
At
01/08/24
Resources
Resources
31/07/25
£
£
£
£
Unrestricted Funds
- School Operation
245,005
615,156
)
(574,814
285,347
Restricted Funds
- Building Modernisation
-
3,280
)
(3,280
-
Total Funds
245,005
618,436
)
(578,094
285,347
Previous Year:
At
Incoming
Outgoing
At
01/08/23
Resources
Resources
31/07/24
£
£
£
£
Unrestricted Funds
- School Operation
221,769
566,652
)
(543,416
245,005
Restricted Funds
- Building Modernisation
-
5,260
)
(5,260
-
Total Funds
221,769
571,912
)
(548,676
245,005
245,005

Restricted Funds

Building Modernisation

Monies held in this fund are allocated solely for the refurbishment, repair, and upkeep of the charity’s buildings.

Page 17

Wyclif Independent Christian Educational Association Limited

The following pages do not form part of the statutory accounts.

Wyclif Independent Christian Educational Association Limited

Company Limited by Guarantee

Detailed Trading Profit and Loss Account

Turnover
Fees Receivable
Donations, Gifts and Other Income
Wages and Salaries (Excluding PAYE and NI)
Gross profit
PAYE and NI
Pension Contributions
Rent and Maintenance
Teaching Materials
Books
Printing, Postage & Stationery
Telephone & Digital Services
School Events and Other Costs
Depreciation on Freehold Property
Depreciation on Property Improvements
Depreciation on Fixtures & Equipment
Legal and Professional Fees
Accountancy
Bank Charges
Bad Debts
Operating profit
Other Income and Expenses
Interest Receivable
Bank Deposit Interest
Net profit for the Year		 2025
£
£
528,403
86,808
615,211
)
(429,344
%
30
185,867
34,684
16,781
34,221
16,410
13,528
4,405
8,326
9,380
597
5,086
802
34
1,375
47
3,074
)
(148,750
%
6
37,117
3,225
3,225
40,342		 2024
£
£
512,035
59,548
571,583
)
(397,833
%
30
173,750
30,075
15,409
35,892
21,203
16,649
3,823
5,382
14,667
597
4,588
1,004
-
1,500
54
-
)
(150,843
%
4
22,907
329
329
23,236