Finance Score: 1

Governance Score: -8

Support Score: 0

Liabilities <10%: +3
Accounts filed more than 5 days late: -4 times
Strong growth: +2

Only 4 Trustees: -1
Narrow trustee age band: -2
Very static board: -5

No supporters identified

Overall GiG Score: -7

READ ACADEMY EDUCATION

Primary Education

Analysis by Giving is Great

Positives:

This charity has a robust balance sheet
There has been strong growth in spending over the last 5 years
There have been no material income shortfalls in recent years

Regulatory & Governance issues to consider:

One or more trustees receive payments or benefits from the charity for providing services to the charity
There are only 4 trustees
The Board composition appears to be very static and has little diversity in terms of age

Financial issues to consider:

Accounts have been filed late on 4 occasions over the last 5 years and the current period appears to have been extended

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit £k	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/12/22	*	£997	£921	£76	£0	£471	£471	6.1	22	0
31/12/21	*	£907	£755	£152	£0	£395	£395	6.3	25	0
31/12/20	*	£666	£540	£125	£0	£243	£243	5.4	18	0
31/12/19	*	£400	£431	£-31	n/a	n/a	n/a	n/a	n/a	n/a
31/12/18		£464	£399	£65	n/a	n/a	n/a	n/a	n/a	n/a
31/12/17		£325	£303	£22	n/a	n/a	n/a	n/a	n/a	n/a
31/12/16		£212	£207	£5	n/a	n/a	n/a	n/a	n/a	n/a
31/12/15	*	£107	£82	£24	n/a	n/a	n/a	n/a	n/a	n/a
31/12/14		£1	£1	£0	n/a	n/a	n/a	n/a	n/a	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Senior Staff Costs/Total Spending: 8%
Highest pay band: £60,000-£70,000
Liabilities/Assets: 4%
Liabilities/Income: 2%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 6.1 months
Net Current Assets/Spending: 6 months
Quick Ratio: 9.1

Asset Split ?

Balance Sheet History

Established: 11 years

http://www.readacademy.co.uk

07957777786

Charity Commission for England and Wales

Tweets

Listed activities

Education/Training

GiG Classification

Primary schools

How it operates

Provides buildings/facilities/open space
Provides human resources
Provides services

Where it operates

Essex, Redbridge,

Who it helps

Children/Young People

Who supports them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (4)

Current Trustees appointed

Age Range of Trustees: 40-42

AMRAN HUSSAIN RUHEL Appointed: 2014, Occupation: Director

GULAM ABBAS HUSSAIN Appointed: 2014, Occupation: Director

IHSAAN AHMAD RAFIQ Appointed: 2014, Occupation: Director

SAMI SHAIKH Appointed: 2014, Occupation: Director

Legal constitution

Charitable company registered in England & Wales on 14/03/2014, number: 1156203
Registered at Companies House on 13/12/2013, number: 08813632

Gift Aid

NOT registered with HMRC for Gift Aid

Other Regulators

Ofsted (Office For Standards In Education)

Policies in force

Complaints handling
Conflicting interests
Investment
Paying staff
Risk management
Safeguarding vulnerable beneficiaries
Volunteer management

Filing Record

9 returns made; AR22: 90 days late, AR21: 41 days late, AR20: 406 days late, AR19: 116 days late, AR15: 229 days late,

Main office

98 Park Avenue
Barking
IG11 8QX

Objectives

THE CHARITY'S OBJECTS (OBJECTS) ARE SPECIFICALLY RESTRICTED TO THE FOLLOWING:THE ADVANCEMENT OF EDUCATION BY THE ESTABLISHMENT AND MANAGEMENT OF A PRIVATE INDEPENDENT FAITH SCHOOL FOR CHILDREN AGED 4-11 IN ILFORD ESSEX.