REGISTERED COMPANY NUMBER: 07591915 (England and Wales)

REGISTERED CHARITY NUMBER: 1158624

Report of the Trustees and

Financial Statements for the Year Ended 31 March 2025

for

Crescent Educational Trust Limited

Trading as

The Fig Tree

Page

Report of the Trustees

1

to

2

Independent Examiner's Report

3

Statement of Financial Activities

4

Balance Sheet

5

Notes to the Financial Statements

6

to

10

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 31 March 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The principal activity of the charity is that of a school.

The DFES registration number is 8926013.

FINANCIAL REVIEW

Financial position

The financial position is shown in the Statement of Financial Activities. Total income of £427,379 (2024 - £370,100) was ahead of last year mainly due increases in fees and charges. Costs of £396,127 (2024 - £340,901) were also higher than last year due to inflationary pressures mainly on staff costs. Overall there was a surplus of £31,252 (2024 - £29,199) which has been retained in reserves for funding future revenue and capital expenditure.

Principal funding sources

The Charity does not have any endowments or investments.

The main sources of funds are grants from Nottingham City Council and local organisations, fees from students and donations from local residents and organisations.

Investment policy and objectives

The Charity has not been able to generate any reserves.

Reserves policy

Trustees are aware of the need to maintain reserves of around six months of regular expenditure but it has not been possible to generate such reserves at the moment.

Going concern

The Charity is wholly dependent on fees collected from students, grants from Nottingham City Council and local organisations and donations from local residents. It has small cumulative reserves. Inflationary pressures particularly on wages and utilities and the need to upkeep the old buildings will need to be carefully managed in the near future. The trustee directors believe that funds will be secured to continue to operate for the foreseeable future. Accordingly, the accounts have been prepared on a going concern basis.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity's governing document is the Memorandum and Articles incorporated on 5 April 2011 as amended by special resolution registered at Companies House on 30 August 2014.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

07591915 (England and Wales)

Registered Charity number

1158624

Registered office

30 Bentinck Road

Nottingham

NG7 4AF

Trustees

Mr Atif Hussain Director & Teacher

Ms Nusrat Parveen Director

Company Secretary

Ms Nusrat Parveen

Independent Examiner

M Ahmed & Co Accountants Ltd

Chartered Accountants

83 Park Road

Chilwell

Nottingham

NG9 4DE

Approved by order of the board of trustees on 3 December 2025 and signed on its behalf by:

Mr Atif Hussain - Trustee

Independent examiner's report to the trustees of Crescent Educational Trust Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

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

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	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

4.

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.

Maqbool Ahmed

The Institute of Chartered Accountants in England and Wales

M Ahmed & Co Accountants Ltd

Chartered Accountants

83 Park Road

Chilwell

Nottingham

NG9 4DE

3 December 2025

31.3.25

31.3.24

Unrestricted

fund

Total funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

171,338

161,560

Charitable activities

Fees

253,326

206,902

Other trading activities

2

2,710

1,635

Investment income

3

5

3

Total

427,379

370,100

EXPENDITURE ON

Charitable activities

Educational activities

387,652

334,750

Other

8,475

6,151

Total

396,127

340,901

NET INCOME

31,252

29,199

RECONCILIATION OF FUNDS

Total funds brought forward

43,918

14,719

TOTAL FUNDS CARRIED FORWARD

75,170

43,918

31.3.25

31.3.24

Unrestricted

fund

Total funds

Notes

£

£

FIXED ASSETS

Tangible assets

10

7,273

3,452

CURRENT ASSETS

Cash at bank

73,544

51,402

CREDITORS

Amounts falling due within one year

11

(5,647

)

(10,936

)

NET CURRENT ASSETS

67,897

40,466

TOTAL ASSETS LESS CURRENT LIABILITIES

75,170

43,918

NET ASSETS

75,170

43,918

FUNDS

12

Unrestricted funds

75,170

43,918

TOTAL FUNDS

75,170

43,918

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 3 December 2025 and were signed on its behalf by:

Mr Atif Hussain - Trustee

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

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 charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2.	OTHER TRADING ACTIVITIES

31.3.25

31.3.24

£

£

Rents

2,710

1,635

3.	INVESTMENT INCOME

31.3.25

31.3.24

£

£

Deposit account interest

5

3

4.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.3.25

31.3.24

£

£

Depreciation - owned assets

2,424

1,150

5.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

6.	STAFF COSTS

The average monthly number of employees during the year was as follows:

31.3.25

31.3.24

Teachers and general staff

13

13

No employees received emoluments in excess of £60,000.

7.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

161,560

Charitable activities

Fees

206,902

Other trading activities

1,635

Investment income

3

Total

370,100

EXPENDITURE ON

Charitable activities

Educational activities

334,750

Other

6,151

Total

340,901

NET INCOME

29,199

RECONCILIATION OF FUNDS

Total funds brought forward

14,719

TOTAL FUNDS CARRIED FORWARD

43,918

8.	GOING CONCERN

The Charity is wholly dependent on fees collected from students, grants from Nottingham City Council and local organisations and donations from local residents. It has small cumulative reserves. Inflationary pressures particularly on wages and utilities and the need to upkeep the old buildings will need to be carefully managed in the near future. The trustee directors believe that funds will be secured to continue to operate for the foreseeable future. Accordingly, the accounts have been prepared on a going concern basis.

9.	GRANTS RECEIVED

2025

2024

£

£

Nottingham City Council

129,310

109,993

Muslim Hands

17,000

0

University of Nottingham

500

0

146,810

109,993

10.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

30,991

-

30,991

Additions

3,940

2,316

6,256

Disposals

(11

)

-

(11

)

At 31 March 2025

34,920

2,316

37,236

DEPRECIATION

At 1 April 2024

27,539

-

27,539

Charge for year

1,845

579

2,424

At 31 March 2025

29,384

579

29,963

NET BOOK VALUE

At 31 March 2025

5,536

1,737

7,273

At 31 March 2024

3,452

-

3,452

11.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

229

-

Social security and other taxes

2,014

1,510

VAT

2,099

-

Other creditors

-

8,376

Accrued expenses

1,305

1,050

5,647

10,936

12.	MOVEMENT IN FUNDS

Net

movement

At 1.4.24

in funds

At 31.3.25

£

£

£

Unrestricted funds

General fund

43,918

31,252

75,170

TOTAL FUNDS

43,918

31,252

75,170

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

427,379

(396,127

)

31,252

TOTAL FUNDS

427,379

(396,127

)

31,252

Comparatives for movement in funds

Net

movement

At 1.4.23

in funds

At 31.3.24

£

£

£

Unrestricted funds

General fund

14,719

29,199

43,918

TOTAL FUNDS

14,719

29,199

43,918

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

370,100

(340,901

)

29,199

TOTAL FUNDS

370,100

(340,901

)

29,199

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At 1.4.23

in funds

At 31.3.25

£

£

£

Unrestricted funds

General fund

14,719

60,451

75,170

TOTAL FUNDS

14,719

60,451

75,170

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

797,479

(737,028

)

60,451

TOTAL FUNDS

797,479

(737,028

)

60,451

13.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.