Financial Information

Charity No: 1170522

Explanation of CITC’s change in Charity number

Since there was no longer any connection between the charity and its former Scottish links, during 2017 the Trustees have set up a newly established charity registered in England and Wales (Classrooms in the Clouds, registered charity number 1170522). The newly established charity will apply the assets it has received from the Scottish Charity (charity number SC038623) in accordance with the objects of the Scottish Charity, which are consistent with the objects of the newly established charity in England and Wales. As part of the termination process for the former Scottish Charity, there have been produced a final set of accounts for this charity for the period from 1 January 2017 until 31 March 2018. These accounts are included on the charity website. Since all of the assets have been transferred to the newly registered charity, the balance sheet at the 31 March 2018 has no assets and no funds at that date. These assets have been transferred upon the closing and opening of new bank accounts as required by the banks used by the charity. The Statement of Financial Activities for the period from 1 January 2017 until 31 March 2018 includes the transferring of the funds to the new charity and these amounted to £187,183 and are included as part of the Expenditure on Charitable Activities. The historic financial performance of the Scottish charity for periods prior to 1 January 2017 are available upon request from the charity. In due course there will be accounts produced for the newly registered charity for the period from incorporation until 31 December 2018.