THE FRIENDS OF KING'S COLLEGE SCHOOL Registered Chrlty No. 1005992 THE FRIENDS KING'S COLLEGE SCHOOL Report and Financial Statements Year ended 31 July 2024
THE FRIENDS OF KINGS COLLEGE SCHOOL Flnanclal Statements for the year ended 31 July 2024 Contents Pages Report of the Trustees Independent Examlner's Report Stttement of Rnanclal Actlvitles Balance Sheet Notes to the financlal statements &io
THE FRIENDS OF KINGS COLLEGE SCHOOL Report ofthe Trustees for the year ended 31 Juty 2024 The Trustees of The Frfends of KCS Clmrlty C'the Chariwl presenc their report along wlth the financial ststsments for the year ended 31 July 2024. The financlat ststemencs have been prepared In accordance with the accountin8 polldes set Out on page 8 and compty wlth the Charlty's constltutlon and appllcable law. The object of the Charlcy Is to advance the educatlon of pupils at Klnls Colleze School. Wlmbledon Cthe Sth¢)ol"). In furtherdnce of thls oblecL The Chrlty mar. develop more extended relatlonshlps between the s¢aff, parents and others associated wlth the School, and wlth schools In the malntalned seccor and overseas wlth whlch the School has fom41 relatlonshlps. en8age In actlvltles whlch supporc the 001 and advance the educatlon of the puplls a(tendln814 Includlng those from schools Fn the publlc sector wlth whlch the school has a formal relatlonshlp provlde and asslsc In the provlslon of faclllrles for ¢ducaElon ac the School not norrnally provlded by the Governlng Body. The Charfry'$ objacts are achleved through orsantslng fundralslng events for the puplls and thelr parents and donatlng the net proceed$ of those events for the purchase of Items whlch the Trustees agree would benefit the school, Includlng supportlng actfvltles whlch are undertaken In partnershlp wlth $ch¢)ols In the publlc seccor. In addirlon. contrfbutlons are made to the KCS Bursary Fund. The Trustees conflnn that they have referred to the CtrArlty Commlsslon's general 8uldance on publlc benefft when r¢vlewlng the Charfw's alms and oblectlv•s and In plannlng advkle& Wlth the Invaluable support of parent volunteers and the year 8roup represenratlve& The Charlty has completed another year of successful fundralslng. The Frlends are delighted thac thls year saw the Charlty hosrlng the rradltlonal ann1 fundrai51ng events of Flreworks, Chrlstmas Falr, Famlly Fun Day, and Qulz Nl8hL Thls year. we also hosted the blennlal Surnmer Ball whlch was huge succes& The popular Second Hand Unworn) nles contlnued throughouc the year. The fundralslng actlvltles durlng the year have ralsed total funds of £201447 and Interesc on deposlts contrlbuted £1,934. The total commltments cowards School projecrs durfng the year amounted to £51.367. The charlcy agreed to supporr acdvltles wlth local publlc sector sthools (£22.385>. to support a slxth form Student over ¢wo years (£60.131) and a con[butOn of £27.042 to the KCS Bursary Fund from the sale of second hand unffomi. As at 31 July 2024, £119.8761s commltced but nor yet spent on school prolects. the Marf of which Is expected to be Incurred In the next12 rnonths and for whlch a provlslon has been made In these accounts.
THE FRIENDS OF KINGS COLLEGE SCHOOL Report of the TnMtees for the year ed 31 July 2024 A net surplus of £47.963 has be added to (y4ng fund5 of Q9.650. The Charlw has no fixed comm10m ar4 thereforn it Is noc consldered rcessary to hold any speclfic levd of reserves. Monles are only allocated to projects after the funds have been ralsed Ic Is the pNcy of the Charlty to deternne that the toral offimds committed wlll never exceed the fund5 hel The Charfty Is govwned by a wrltw consdwflon In May 201& The management of the Charl¢y Is vested In a Ctyncll conslmlng of not mor• than Mney four mwnbers. These Indude the Hea(L the Heathmster of theJ4mlor SchooL the Dlrector of Development of the SchooL and a member of the Govern1 Body of the School. The Chalr, Honorary Secreory, the Honorary Treasurer and the other <>rdlnary and cwted members are appoln¢¢d at the Ann General Meer[. The Coundl meeu four thnes a year to admlnlw the Charfty and to make dec1s1o about expendlture on School project& The owtsatlon of the fvndrnlsln8 eYenrJ Is mawed on a day-to-day basts by 1ndmdl evenc commlttees ffrade up of paren(s from dlfferent year groups of the School. Eath event committee Is chaired by or under the control ofa current member of the Councll. The Charlty has a very dose relaonth[p wlth Klrfs Coll•y School whlth Is a dmrlty and whlch nOmIna some of the Trustees of the Clwlcy. Internal rfsks are mlnlmlsed by the ImPlenTr of fornlal procethires for the authortsatlon of all trdn$artlons and Fyolecu. dgeting and expendlwre corrtrol of events are forniulated so that there is an excess of Income over expenditure for •th fundralslng evenL To reduce exposure to Me5 are only COmnM ro projects afw the funds have been ralse never In anlpaTJ Under the Constltiw there are no rtstricrions on the power of the Clwlty to make ary Investments whlch the Trus¢ees see fiL Son surplus cash ts sed ¢)n deposlt In the COIF Charities Depostt FurKI (see note 8).
THE FRIENDS OF KINGS COLLEGE SCHOOL
eport of the Tnt for the year e•Mled 31 Juty 2024
MEMBERS OF THE FRIENDS OF KINGS COUNCIL DURING paiioD I AUGusf 2023-
31 JULY 2024 (NB: EXCEEDS 24 AS SOME PEOPLE sfooD DOWN MID-YEAK AND
OTHERSJOINED M1yEAR)
Samlrd Alam
Sonii
THE FRIENDS OF KING% COLLEGE SCHOOL Report of the Trustees for the year ended 31 July 2024 bllltl of thè The Charftles Act 2011 requires the Trustees to prepare financlal statements for exh flnanclal year whlch glve a true and fair view of the Charity's financial activlttes during the year and of Irs financial poslcl¢)n ac the end of th¢ year. In preparlng the financlal statements. the Trustees are requlred to: select sulrable accountlng pollcles that are approprfate for the Charlry and apply them conslstently; make Judgements and estlmates that are rnsonable and pruden¢ follow appllcable accountlng stsndards and the Charftles SORP. dlscloslng and explalnlng any dep¥tures In the flnan¢l41 statemenrs and prepare the flnanclal ststements on the bas15 that the Charlty wlll contlnue in oPeraOn unless Itls Inapproprlace to presume th1$. The Trustees conllrm that they have complled wlth the above requlrem•nts In preparlng the financlal sracunents. The Trustees are requlred to manage the CtrArlty In accordance wlth Its Constltutlon, malntaln accounrjng records which dlsdose wlth reasonable accurncy ac any rne the finandal POSIOn of the Charlty and enable them to ensure that the finandal statements compty wth the Charlcles Act 201 l. They are also resp¢n51ble for safe8uardlng the assets of the Charfw and hence for taklng rasonable Steps for the prevendon and detecrjon of fraud and other Irre8ul2rfde$. Mlchelle Gilllgan Approved by the Trustees and slgned on thelr behalf by Ml¢helle Gllllgan (Chalr) 25 September 2024
THE FRIENDS OF KING% COLLEGE SCHOOL Independent Examln*$ Report for th¢ year wded 31 2024 I reporc on the fmnclal sratsnents of The Fr1 of KCS for the year 31 July 2024. which are set out on pages 6 ro l O. Respectlve respOnbIlltlej of Trustees al Examlner A5 the Chartcls Tntstees you are responslble for the prepar4tion of the ftswiclal sraoments" you consider that the audlt requlrement of sectlon 144 of the CPAriues Act 2011 (the Act) does not apply. It Is my responslblllty to sttt& on the knis of procedures specified in the General Direcdons Slven by the Chrlry Commissionen under section 145(5)(b) of the A whether partkuhr mattffs have corn¢ to my aentIOn. Bash of Ind•pendent examlnerfs report My examlnadon vtas carrfed ouc In accorthnce vAth s145 d the ACL An oxamination Indudes a revlew of the aCcOng rttryds kept by the Chrlty and a Compar of the flnanclal s¢atements presented wfth I$e record& Ir also Indudes cond¥aOn of any unusual Items or dtsclosures In the finandal llatemenry and seekln£ explanadons from you a5 Trustees concerning any such ma¢cern The procedures undenaken do not provide all the evldence that would be requlred In an audlL and cons4uendy I do not express an audlt oplnlon on the vlew 81ven by the flnandal sraoments. Independent examlnerfs Itatem In wnnectlon wlth ry examlnatlon. no matrer hs come w my atrentkln: l. whkh glves me reason caum to bellev• thac In any miterkl respec¢ the requlrements to keep accounthig records In accordance wlth sectlon 130 of the kn and to prepare flnandal suwnents whith accord with accounrlng rttorth and to compty wlth the accoundng rQqUtreM£S of the Acc have rbot been meE or to whith In ny Opinio actend¢Jn should be th7wn In order to efM61e a proper Andrew Yat4 FCA Grnys Accoununts Ltd Kin85 Works Kings Road Teddln8ton TWI I OQ8 25 Septwnber 2024
THE FRIENDS OF KINGS COLLEGE SCHOOL Sttsment of Flnanclal Artlvltle$ for the year ended 31 July 2024 Funds Fund8 INCOMING FUN 129 1.934 129 1.934 Im3 lfteaffte from fundrnlths •vw 436A03 43UO3 199,902 1.902 TOTAL INCOMING PUNDS RESOURCES expeNDED Coit Olxtlt1 In furthgrwK0 ofth• rhllrtys **J•cts 231157 234.157 120JIg 392 120119 382 Sundry oxpthies SdKM prolK 156329 IS6J29 91184 93J84 TOTAL EXPINDITURI 391087 391087 NET INCOMING l {ounioiNG) FUNDS TOTAL FUNDS BAlGfrrr FORWAPD TOTAL FUNDS CARRIED FORWAIID 47.HJ 41,96J (14,011) 29ASO 77 IJ 29 41661 4WI Th• notw on I to 10 larni pvt of tho
THE FRIENDS OF KING'S COLLEGE SCHOOL Balan t at 31 Juty 2024 Debwrs and pryyments Balanc•s at bank COIF Charltles lund s.5 2Q008 39.118 174.458 37.184 149258 213576 219.381 186,442 2450 Uabllkks onè year 21,893 IQ591 prole¢rs 10 119876 164210 Funth Unrertrfcted 77h12 29h49 The rte$ on pa88s 8 to 10 fonyb part of these accourt& and *ed k¥ trr. M. GllllgaN CIMlr
THE FRIENDS OF KINGS COLLEGE SCHOOL Balance at 31 July 2024 Charlts SORP (FRSlln) "Accoun and liq>orr by CIRrkle% Sfatunwrt of conventloTh The dMrty15 a pth knefit tY as ddtned by FRSIOI (c) Incom& All Incorn Is recoydsed In the of Rnanthl fAKe the nke a a thlrd pary. It b probable WUI be requlred the amount ol the obl1z4th an Ix mSUred rew. ts) Fund Accow}d Restrltsl fur#ls are to be wed In accorthnce wlth the spedftc Fundraldnz Events 2023-24 103A31 8&361 314 17.470 35350 &769 915 Chrlsonas falr Qulz nltht Fan* fun thy 17.LKII 3567 217298 27.042 32 1652 104.639 1116S9 27N2 41 1,959 234,157 43&603 201417
THE FRIENDS OF KING% COLLEGE SCHOOL Balance Sheet at 31 Juty 2024 2024 2023 69.156 87.173 1 $6J29 67.425 2&259 93,684 contr110n h KCS Fund * Thls Indudes the release of overa¢c of tKlor blds ** Thls Indudes £6Ql 31 for 6th14)rm and £27.042 from 2nd Imnd unlforni This represents an Investsnent in a COMM Deposk Fund sec up under se¢don 25 of the Charlties Act 1993, now sedon 100 of the Charldes Act 201 l. and a stheme of the CPArlty Commlssloners dad 27 June 1995. The fund has a rIn% of the highest possfyl< from fitch Ratlngs and pays Interest to deposlwrs Mttly. The fund Is nxnaged by CCLA Fund Mawrs Umlted. Thls represents deposirs received fram stall holders for the ChrfstsrAS Falr and sponsorship for the Rrework&
THE FRIENDS OF KINGS COLLEGE SCHOOL Balan Shert at 31 July 2024 2024 2023 166210 160.925 (4396) 663 n526 93A84 119876 16QlO At 31 2024. £119N6 Corm to school prolecrs >¢ corn tho rlty of whlth b wwted to b• Inarred In th• 12 mMh& KCS Burwy Fund 27.042 Ampllfien l¢r sthool 23n4 8•¢keeplry ¢rnIn1 23n4 Crkur ftN¢hlne 23ll4 1.197 1.300 1.200 lJ85 14.400 1950 Mlnl prlndng press 23n4 Indi¥{d4 scrum macPdM 23n4 Jacque Lew Ththtre Drkthop 23n4 Grn for co currkular dub 23r24 240 IU9S 6th Forni 11 for 2 Y 160,925 10