## THE FRIENDS OF KING’S COLLEGE SCHOOL
Registered Charity No. 1005992
## Report and Financial Statements
Year ended 31 July 2025
**THE FRIENDS OF KING’S COLLEGE SCHOOL Financial Statements for the year ended 31 July 2025**
**___________________________________________________________________________**
|**Contents**|**Pages**|
|---|---|
|Report of the Trustees|1-4|
|Independent Examiner’s Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the financial statements|8-10|
**THE FRIENDS OF KING’S COLLEGE SCHOOL Report of the Trustees for the year ended 31 July 2025**
## **___________________________________________________________________________**
The Trustees of The Friends of KCS Charity (“the Charity”) present their report along with the financial statements for the year ended 31 July 2025. The financial statements have been prepared in accordance with the accounting policies set out on page 8 and comply with the Charity’s constitution and applicable law.
## **Objectives and activites**
The object of the Charity is to advance the education of pupils at King’s College School, Wimbledon (“the School”). In furtherance of this object, The Charity may:
- develop more extended relationships between the staff, parents and others associated with the School, and with schools in the maintained sector and overseas with which the School has formal relationships.
- engage in activities which support the School and advance the education of the pupils attending it, including those from schools in the public sector with which the school has a formal relationship
- provide and assist in the provision of facilities for education at the School not normally provided by the Governing Body.
The Charity’s objects are achieved through organising fundraising events for the pupils and their parents and donating the net proceeds of those events for the purchase of items which the Trustees agree would benefit the school, including supporting activities which are undertaken in partnership with schools in the public sector. In addition, contributions are made to the KCS Bursary Fund. The Trustees confirm that they have referred to the Charity Commission’s general guidance on public benefit when reviewing the Charity’s aims and objectives and in planning activities.
## **Achievements and performance**
With the invaluable support of parent volunteers and the year group representatives, The Charity has completed another year of successful fundraising. The Friends are delighted that this year saw the Charity hosting the traditional annual fundraising events of Fireworks, Christmas Fair, Family Fun Day, and Quiz Night. The popular Second Hand Uniform sales continued throughout the year.
## **Financial Review**
The fundraising activities during the year have raised total funds of £94,336 and interest on deposits contributed £1,826.
The total commitments towards School projects during the year amounted to £120,536. The charity agreed to support activities with local public sector schools (£25,800), to contribute to a new safety vehicle for the CCF (£23,720) and a contribution of £31,029 to the KCS Bursary Fund from the sale of second hand uniform.
As at 31 July 2025, £179,881 is committed but not yet spent on school projects, the majority of which is expected to be incurred in the next 12 months and for which a provision has been made in these accounts.
1
**THE FRIENDS OF KING’S COLLEGE SCHOOL Report of the Trustees for the year ended 31 July 2025**
## **___________________________________________________________________________**
A net deficit of £26,210 has reduced opening funds of £77,613 to £51,403
## **Reserves policy**
The Charity has no fixed commitments and, therefore, it is not considered necessary to hold any specific level of reserves. Monies are only allocated to projects after the funds have been raised. It is the policy of the Charity to determine that the total of funds committed will never exceed the funds held.
## **Structure, governance and management**
The Charity is governed by a written constitution last updated in May 2016.
## **Management**
The management of the Charity is vested in a Council consisting of not more than twenty four members. These include the Head, the Headmaster of the Junior School, the Director of Development of the School, and a member of the Governing Body of the School. The Chair, Honorary Secretary, the Honorary Treasurer and the other ordinary and co-opted members are appointed at the Annual General Meeting.
The Council meets four times a year to administer the Charity and to make decisions about expenditure on School projects. The organisation of the fundraising events is managed on a day-to-day basis by individual event committees made up of parents from different year groups of the School. Each event committee is chaired by or under the control of a current member of the Council.
## **Related party**
The Charity has a very close relationship with King’s College School which is a charity and which nominates some of the Trustees of the Charity.
## **Risks**
Internal risks are minimised by the implementation of formal procedures for the authorisation of all transactions and projects. Budgeting and expenditure control of events are formulated so that there is an excess of income over expenditure for each fundraising event. To reduce exposure to risk, monies are only committed to projects after the funds have been raised, never in anticipation.
## **Investment powers**
Under the Constitution, there are no restrictions on the power of the Charity to make any investments which the Trustees see fit. Some surplus cash is placed on deposit in the COIF Charities Deposit Fund (see note 8).
2
**THE FRIENDS OF KING’S COLLEGE SCHOOL Report of the Trustees for the year ended 31 July 2025**
**___________________________________________________________________________**
## **Reference and administrative details**
## **Trustees**
MEMBERS OF THE FRIENDS OF KING’S COUNCIL DURING PERIOD 1 AUGUST 2024 - 31 JULY 2025
Sophie Warrick Fiona Arney Antony Berry Sayako Claude Dr Anne Cotton Lucie Fauvre Rebecca Hamblin Cathryn O’Hare Beatriz Rufo Arriero
Louise Hunter Ted Lougher Robert Parker Prachi Prasad Julia Stockil Stewart Tan Nicole Whitaker Shamik Ghosh Andrew Storey
## **Bankers**
Barclays Bank plc – current account CCLA (COIF) – deposit account
## **Principal Office**
King’s College School Southside LONDON SW19 4TT
3
**THE FRIENDS OF KING’S COLLEGE SCHOOL Report of the Trustees for the year ended 31 July 2025**
**___________________________________________________________________________**
## **Responsibilities of the trustees**
The Charities Act 2011 requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the Charity’s financial activities during the year and of its financial position at the end of the year. In preparing the financial statements, the Trustees are required to:
- select suitable accounting policies that are appropriate for the Charity and apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- follow applicable accounting standards and the Charities SORP, disclosing and explaining any departures in the financial statements and
- prepare the financial statements on the basis that the Charity will continue in operation unless it is inappropriate to presume this.
The Trustees confirm that they have complied with the above requirements in preparing the financial statements.
The Trustees are required to manage the Charity in accordance with its Constitution, maintain accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Sophie Warrick
_____________________________________________________________ Approved by the Trustees and signed on their behalf by Sophie Warrick (Chair)
6 November 2025
4
**THE FRIENDS OF KING’S COLLEGE SCHOOL Independent Examiner’s Report for the year ended 31 July 2025**
**___________________________________________________________________________**
I report on the financial statements of The Friends of KCS for the year ended 31 July 2025, which are set out on pages 6 to 10.
## **Respective responsibilities of Trustees and Examiner**
As the Charity's Trustees you are responsible for the preparation of the financial statements; you consider that the audit requirement of section 144 of the Charities Act 2011 (the Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 145(5)(b) of the Act, whether particular matters have come to my attention.
## **Basis of independent examiner's report**
My examination was carried out in accordance with s145 of the Act. An examination includes a review of the accounting records kept by the Charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the financial statements.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
1. which gives me reasonable cause to believe that in any material respect the requirements
- to keep accounting records in accordance with section 130 of the Act; and
- to prepare financial statements which accord with the accounting records and to comply with the accounting requirements of the Act have not been met; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
___________________________
## **Andrew Yates, FCA**
Grays Accountants Ltd Kings Works Kings Road Teddington TW11 0QB
- 5 November 2025
5
## **THE FRIENDS OF KING’S COLLEGE SCHOOL Statement of Financial Activities for the year ended 31 July 2025**
**___________________________________________________________________________**
|**Note**
**INCOMING FUNDS**
Donations
Other
Deposit interest
**Activities in furtherance of the**
**charity's objects**
Income from fundraising events
2
**TOTAL INCOMING FUNDS**
**RESOURCES EXPENDED**
**Cost of activities in furtherance**
**of the charity's objects**
Expenses of fundraising events
3
Other expenses
4
Sundry expenses
5
School projects
6
**TOTAL EXPENDITURE**
**NET INCOMING / (OUTGOING) FUNDS**
TOTAL FUNDS BROUGHT
FORWARD
**TOTAL FUNDS CARRIED FORWARD**|**2025**
**2025**
**2025**
**2024**
**2024**
**2024**
**Unrestricted**
**Restricted**
**Total**
**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
_£_
_£_
100
0
100
984
0
984
0
0
0
129
0
129
1,826
0
1,826
1,934
0
1,934
228,806
0
228,806
436,603
0
436,603
**230,733**
**0**
**230,733**
**439,650**
**0**
**439,650**|
|---|---|
||134,471
0
134,471
234,157
0
234,157
0
0
0
0
0
0
1,936
0
1,936
1,201
0
1,201
120,536
0
120,536
156,329
0
156,329
**256,943**
**0**
**256,943**
**391,687**
**0**
**391,687**|
||**(26,210)**
**0**
**(26,210)**
**47,963**
**0**
**47,963**
77,613
77,613
29,650
29,650
**51,403**
**0**
**51,403**
**77,613**
**0**
**77,613**|
The notes on pages 8 to 10 form part of these accounts.
6
**THE FRIENDS OF KING’S COLLEGE SCHOOL Balance Sheet at 31 July 2025**
**___________________________________________________________________________**
|**Current assets**
Debtors and prepayments
Balances at bank
COIF Charities deposit fund
Current account
Total current assets
**Liabilities**
Creditors : Amounts falling due within
one year
Provision for commitments to school
projects
**Total net assets**
**Funds**
Unrestricted
Restricted|**Note**
7
8
9
10|**2025**
£
40,945
208,563|**2025**
£
7,455
249,508|**2024**
£
39,118
174,458|**2024**
£
5,805
213,576|
|---|---|---|---|---|---|
|||||||
||||256,962
25,680
179,881||219,381
21,893
119,876|
||||**51,401**||**77,612**|
||||**51,401**
**0**||**77,612**
**0**|
The notes on pages 8 to 10 form part of these accounts.
Approved by the Board of Trustees on 6 November 2025
and signed on its behalf by:
## **S. Warrick, Chair**
**S. Tan, Honorary Treasurer**
7
**THE FRIENDS OF KING’S COLLEGE SCHOOL Balance Sheet at 31 July 2025**
## **___________________________________________________________________________**
## **1. Accounting policies**
- (a) Basis of Accounting: The financial statements have been prepared in accordance with the Charities SORP (FRS102) “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”, and the Charities Act 2011. The financial statements have been prepared under historical cost convention. The charity is a public benefit entity as defined by FRS102.
- (b) Cash flow exemption: The Charity has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102: the requirements of Section 7 Statement of Cash Flows.
- (c) 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.
- (d) Income from donated goods: Income from the sale of donated goods is recognised when the goods are sold due to the impracticality of measuring the fair value of goods donated.
- (e) Expenditure: Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
- (f) Taxation: The charity is exempt from UK income and capital gains tax due to its charitable status.
- (g) Fund Accounting: Restricted funds are funds to be used in accordance with the specific restrictions imposed by the donors or for the specific purposes specified when requesting donations. Unrestricted funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects.
## **2. Fundraising Events**
|2024-25
Fireworks
Christmas fair
Quiz night
Family fun day
Summer ball
Second hand uniform sales
Community tea|Proceeds
Expenditure
Surplus
£
£
£|
|---|---|
||106,497
90,886
15,611
68,234
31,836
36,398
17,797
9,007
8,790
2,597
1,232
1,364
2,500
1,357
1,143
31,181
152
31,029
0
0
0|
||228,806
134,471
94,336|
Profit made on the sale of second hand uniform have been donated to the KCS Bursary Fund.
8
**THE FRIENDS OF KING’S COLLEGE SCHOOL Balance Sheet at 31 July 2025**
## **___________________________________________________________________________**
## **3. Fundraising expenses**
Trustees received no remuneration but were reimbursed for goods and services ordered by the Trustees on behalf of the Charity in connection with its fundraising and social events.
## **4. Other Contributions**
No other contributions. Christmas Community Tea is now listed as a fundraising event.
## **5. Sundry Expenses**
Sundry expenditure includes items incurred in running Council meetings and other administrative items.
## **6. School Projects and contributions to KCS Bursary Fund**
|Net amount committed to school projects*
Contribution fo KCS Bursary Fund|2025
£
89,507
31,029
120,536|2024
£
69,156
87,173|
|---|---|---|
|||156,329|
* This includes the release of overaccruals of prior bids
## 7. **Debtors**
This represents deposits made to service providers for upcoming events.
## **8. COIF Charities Deposit Fund**
This represents an investment in a Common Deposit Fund set up under section 25 of the Charities Act 1993, now section 100 of the Charities Act 2011, and a scheme of the Charity Commissioners dated 27 June 1995. The fund has a rating of AAA, the highest possible, from Fitch Ratings and pays interest to depositors monthly. The fund is managed by CCLA Fund Managers Limited.
## **9. Creditors: Amounts falling due within one year**
This represents deposits received from stall holders for the Christmas Fair and sponsorship for the Fireworks.
9
**THE FRIENDS OF KING’S COLLEGE SCHOOL Balance Sheet at 31 July 2025**
**___________________________________________________________________________**
**10. Provision for commitments to school projects**
|Balance at start of the year
Commitments made during the year
Reversal of unused amounts
Payments made during the year
Balance at end of the year|2025
£
119,876
120,536
0
(60,531)
179,881|2024
£
166,210
160,925
(4,596)
(202,663)|
|---|---|---|
|||119,876|
At 31 July 2025, £179,881 was committed to school projects not yet completed. the majority of which is expected to be incurred in the next 12 months.
Amount committed to school during the year:
|KCS Bursary Fund
JS Sports - Deck chairs for cricket parents
Languages - French play Yr 7
CCF - Safety vehicle replacement
DE - F24 title sponsor
LS: Y7 play area New table tennis storage
Sustainability - Beekeeping
JS Maths Club Equipment Demo kit (Turing tumble, Spintronics)
Music: iPad Air 11-Inch tablet for managing sound
Music - Touring Instrument Microphone Kit
Sport - Rehabilitation Equipment Purchase ski-erg to support lower body
rehab
Art: Etching equipment Purchase of tools and equipment
Art - Sewing Machines Purchase 2x sewing machines
Art/Archive: Letterpresses and printing blocks
Sport: Hockey dugouts Branded dugouts at Kingsway on hockey astro
JS - Cookery Club Equipment, ingredients and branded apron
Podcasting Studio Convert Futures Hub
Community partnerships and Open Doors Project|31,029
1,374
558
23,720
1,125
2,595
4,500
636
797
2,195
815
729
1,782
1,980
8,874
2,000
10,027
25,800|
|---|---|
||120,536|
## **11. Related party transactions**
There have been no related party transactions that require disclosure.
10