SPECIALIST SCHOOLS AND ACADEMIES TRUST IN ADMINISTRATION

Charity Number: 296729
Removed charity

Charity overview

Activities - how the charity spends its money

The Specialist Schools and Academies Trust (SSAT) is an independent, not-for-profit membership organisation dedicated to raising levels of achievement in education. We have a membership of over 5,500 schools and growing numbers of affiliated universities, colleges and local authorities.

Income and expenditure

Data for financial year ending 31 March 2010

Total income:
£91,013,000

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Donations and legacies £1.22m
Charitable activities £89.66m
Other trading activities £0
Investments £43.00k
Other £90.00k

Total expenditure:
£88,754,000

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Raising funds £0
Charitable activities £87.17m
Other £0

£0 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £1.59m
Charitable expenditure £87.17m
Retained for future use £2.26m

Fundraising

No information available

Trading

No information available

Trustee payments

No information available

What, who, how, where

What the charity does:
  • Education/training
Who the charity helps:
  • Children/young People
  • Other Defined Groups
How the charity helps:
  • Provides Services
  • Provides Advocacy/advice/information
  • Sponsors Or Undertakes Research
  • Acts As An Umbrella Or Resource Body
Where the charity operates:
  • Throughout England And Wales
  • Australia
  • China
  • United Arab Emirates

Governance

Registration history:
  • 07 May 1987: Standard registration
  • 27 June 2012: Removed (Does not operate)
Organisation type:
Charitable company
Other names:
  • CITY TECHNOLOGY COLLEGE TRUST LIMITED (Previous name)
  • CITY TECHNOLOGY COLLEGES TRUST LIMITED (Previous name)
  • SPECIALIST SCHOOLS AND ACADEMIES TRUST (Previous name)
  • SPECIALIST SCHOOLS TRUST (Previous name)
  • TECHNOLOGY COLLEGES TRUST (Previous name)
Gift aid:
No information available
Other regulators:
No information available
Policies:
No policies declared
Land and property:
No information available

Financial history

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Financial period end date

Income / Expenditure 31/03/2006 31/03/2007 31/03/2008 31/03/2009 31/03/2010
Total gross income £39.56m £50.21m £61.83m £86.98m £91.01m
Total expenditure £38.56m £49.89m £59.94m £87.83m £88.75m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A N/A
Income - Donations and legacies N/A £1.72m £0 £1.15m £1.22m
Income - Other trading activities N/A £0 £1.29m £0 £0
Income - Charitable activities N/A £48.15m £60.06m £84.92m £89.66m
Income - Endowments N/A £0 £0 £0 £0
Income - Investment N/A £337.00k £482.00k £388.00k £43.00k
Income - Other N/A £0 £0 £340.00k £90.00k
Income - Legacies N/A £0 £0 £0 £0
Expenditure - Charitable activities N/A £48.54m £58.62m £86.49m £87.17m
Expenditure - Raising funds N/A N/A N/A N/A N/A
Expenditure - Governance N/A £109.00k £99.00k £230.00k £282.00k
Expenditure - Grants institution N/A £0 £0 £0 £0
Expenditure - Investment management N/A £0 £0 £0 £0
Expenditure - Other N/A £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/03/2006 31/03/2007 31/03/2008 31/03/2009 31/03/2010
Own use assets N/A £3.62m £4.53m £5.43m £6.44m
Long-term investments N/A £0 £0 £0 £0
Other assets N/A £17.74m £21.25m £22.72m £31.01m
Defined benefit pension scheme asset or liability N/A -£155.00k £3.22m -£1.04m -£4.82m
Total liabilities N/A £17.47m £20.97m £21.27m £29.29m

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 March 2012 Not submitted
Accounts and TAR 31 March 2012 Not submitted
Annual return 31 March 2011 Not submitted
Accounts and TAR 31 March 2011 Not submitted
Annual return 31 March 2010 26 July 2010 On Time
Accounts and TAR 31 March 2010 26 July 2010 On Time
Annual return 31 March 2009 11 February 2010 11 days late
Accounts and TAR 31 March 2009 29 January 2010 On Time

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES OF ASSOCIATION INCORPORATED 21/4/1987 AS AMENDED BY RESOLUTIONS OF 24/10/1988, 6/7/1992, 11/1/1993, 30/10/2000, 4/11/2002, 3/11/2003, 1/11/2004, 27/9/2005, 6/11/2006, 3/4/2008, 24/06/2009, 30/10/2009, 22/04/2010 AND 8/12/2010.

Charitable objects

TO ADVANCE, FOR THE PUBLIC BENEFIT, THE EDUCATION OF YOUNG PEOPLE, PRIMARILY WITHIN THE UK, BUT ALSO INTERNATIONALLY, IN PARTICULAR THROUGH, BUT NOT LIMITED TO, ANY OR ALL OF THE FOLLOWING MEANS: - THE ESTABLISHMENT AND SUPPORT OF SCHOOLS AND COLLEGES OFFERING A BROAD CURRICULUM BUT WITH A STRONG EMPHASIS ON ONE OR MORE PARTICULAR SUBJECTS (HEREINAFTER CALLED SPECIALIST SCHOOLS AND ACADEMIES); - THE PROVISION OF SUPPORT AND EDUCATIONAL SERVICES TO EDUCATIONAL ESTABLISHMENTS AND BODIES RESPONSIBLE FOR THE PROVISION OF EDUCATION; - THE GENERATION, STUDY, DISSEMINATION, SHARING AND PROMOTION OF EDUCATIONAL METHODS EMPLOYED IN THE EDUCATION SECTION

Area of benefit

The area the charity can operate in, as set out in its governing document.

UNITED KINGDOM AND WORLD WIDE