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The Arts University Bournemouth Charitable Foundation
 
 
Company Registration Number
05367067
 
 
Report of the Directors and
Audited Financial Statements
 
 
Period of accounts
 
Start date 01/08/2023
 
End date 31/07/2024
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 1
The Arts University Bournemouth Charitable Foundation
 
Contents of the Financial Statements
for the Period Ended 31 July 2024
 
 
Page
Company Information 3
 
Report of the Directors 4
 
Report of the Auditors 5
 
Profit and Loss Account 6
 
Balance Sheet 7 - 8
 
Notes to the Financial Statements 9 - 10
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 2
The Arts University Bournemouth Charitable Foundation
Company Information
for the Period Ended 31 July 2024
 
Directors Professor Paul Gough
Simon Gorham
Dorothy Mackenzie
Felicity Irwin
Paul Kinvig
 
Company secretary Jon Renyard
 
Registered office Fern Barrow
Wallisdown
Poole
Dorset BH12 5HH
 
Company Registration Number 05367067
 
Auditors Name Sedulo Audit Limited
Address Office 605
Albert House
256-260 Old Street
London
EC1V 9DD
 
Bankers Name Barclays Bank
Address 61 Old Christchurch Road
Bournemouth
Dorset
BH1 1ER
 
 
 
 
 
 
 
 
 
 
 
 
Page 3
The Arts University Bournemouth Charitable Foundation
Directors Report
for the Period Ended 31 July 2024
The directors present their report with the financial statements of the company for the
period ended 31 July 2024
Principal activities
The principal activity of the company in the period under review was
the advancement of education by awarding grants to students of the Arts University Bournemouth.
Directors
The director(s) shown below have held office during the whole of the period
Professor Paul Gough
Simon Gorham
Dorothy Mackenzie
The director(s) shown were appointed during/after the period
Felicity Irwin on 2024-02-16
Paul Kinvig on 2024-05-01
 
Disclosure of information to auditors
To the knowledge and belief of the director(s), there is no relevant information that the company's auditors are not aware of, and the director(s) have taken all the steps necessary to ensure the director is aware of any relevant information, and to establish that the company's auditors are aware of the information.
Small Company Provisions
These accounts have been prepared in accordance with the provisions applicable to
companies subject to the small companies regime.
 
This report was approved by the board of directors on 2024-11-28
and signed on behalf of the board by
Name Professor Paul Gough
Status Director
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 4
The Arts University Bournemouth Charitable Foundation
Auditors' Report
for the Period Ended 31 July 2024
 
Independent auditors' report
We have audited the financial statements of The Arts University Bournemouth Charitable Foundation for the year ended 31 July 2024
which comprise the Profit and Loss Account, the Balance Sheet and the related notes. These financial
statements have been prepared under the accounting policies set out therein.
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
 
Respective responsibilities of directors and auditors
The directors' responsibilities for preparing the financial statements in accordance with applicable law and UK Accounting Standards (UK Generally Accepted Accounting Practice) are set out in the Statement of Directors' Responsibilities. Our responsibility is to audit the financial statements in accordance with relevant legal and regulatory requirements and International Standards on Auditing (UK and Ireland). We report to you our opinion as to whether the financial statements give a true and fair view and are properly prepared in accordance with the Companies Act 2006. We also report to you whether in our opinion the information given in the Directors' Report is consistent with the financial statements. In addition we report to you if, in our opinion, the company has not kept proper accounting records, if we have not received all the information and explanations we require for our audit, or if information specified by law regarding directors' remuneration and other transactions is not disclosed. We read the Directors' Report and consider the implications for our report if we become aware of any apparent misstatements within it.
 
Basis of audit opinion
We conducted our audit in accordance with International Standards on Auditing (UK and Ireland) issued by the
Auditing Practices Board An audit includes examination, on a test basis, of evidence relevant to the amounts
and disclosures in the financial statements. It also includes an assessment of the significant estimates and
judgments made by the directors in the preparation of the financial statements, and of whether the accounting
policies are appropriate to the company's circumstances, consistently applied and adequately disclosed.
We planned and performed our audit so as to obtain all the information and explanations which we considered
necessary in order to provide us with sufficient evidence to give reasonable assurance that the financial
statements are free from material misstatement, whether caused by fraud or other irregularity or error. In
forming our opinion we also evaluated the overall adequacy of the presentation of information in the financial
statements.
 
Opinion
In our opinion the financial statements give a true and fair view, in accordance with UK Generally Accepted Accounting Practice, of the state of the company's affairs as at 31 July 2024 and of its profit for the period then ended, the financial statements have been properly prepared in accordance with the Companies Act 2006, and the information given in the Directors' Report is consistent with the financial statements.
 
Diccon Thornely
Sedulo Audit Limited
Registered Auditor
London EC1V 9DD
Date 2024-12-05 Page 5
The Arts University Bournemouth Charitable Foundation
 
Profit and Loss Account
for the Period Ended 31 July 2024
2024 2,023
Notes £ £
 
______ ______
Operating Profit/(Loss)
______ ______
Interest receivable and similar 97,980 (18,196)
Interest payable and similar 23,524 27,792
______ ______
Net Finance income/(Loss) 74,456 (45,988)
______ ______
Profit/(Loss) on ordinary activities before taxation 74,456 (45,988)
 
_____ ______
Profit/(Loss) for the financial period after taxation 74,456 (45,988)
 
The notes form part of these financial statements
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 6
The Arts University Bournemouth Charitable Foundation
Balance Sheet
for the Period Ended 31 July 2024
Company registration number 05367067
2024 2,023
Notes £ £
Fixed assets
Investments 2 740,635 675,930
_______ _______
Total fixed assets 740,635 675,930
Current assets
Cash at bank and in hand 91,206 74,754
_______ _______
Total current assets/(liabilities) 91,206 74,754
Creditors
Creditors - amounts falling
due within one year 3 97,305 90,604
_______ _______
Net current assets (6,099) (15,850)
_______ _______
Total assets less current liabilities 734,536 660,080
_______ _______
Net assets/(liabilities) 734,536 660,080
Capital and reserves
Profit and loss account 734,536 660,080
______ ______
Total funds 734,536 660,080
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 7
The Arts University Bournemouth Charitable Foundation
 
Balance Sheet
for the Period Ended 31 July 2024
 
 
 
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
 
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
 
The financial statements were approved by the Board of Directors on 2024-11-28
 
SIGNED ON BEHALF OF THE BOARD BY
 
 
 
 
 
 
 
Name Professor Paul Gough
Status Trustee
 
The notes form part of these financial statements
 
Average number of employees during period 0
 
 
 
 
 
 
 
 
 
 
 
Page 8
The Arts University Bournemouth Charitable Foundation
Notes to the Financial Statements
for the Period Ended 31 July 2024
1. Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the small companies regime.
Turnover
The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 9
The Arts University Bournemouth Charitable Foundation
Notes to the Financial Statements
for the Period Ended 31 July 2024
2. Fixed asset investments 2024 2,023
Listed 740,635 675,930
Total 740,635 675,930
3. Creditors amounts falling due within one year 2024 2,023
Amounts owed to group undertakings 93,765 86,836
Accruals and deferred income 3,540 3,768
_____ _____
Total 97,305 90,604
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 10