## FRIENDS OF ST JAMES’ SCHOOL
## TRUSTEES REPORT
FOR THE YEAR ENDED 31st AUGUST 2024
## FRIENDS OF ST JAMES’ SCHOOL
## TRUSTEES REPORT
## FOR THE YEAR ENDED 315? AUGUST 2024
## ADMINISTRATION DETAILS
Charity Number 1009141
## Correspondence Address
St James CE Primary School, Woodside Avenue, N10 3JA
## Committee Members
The committee members serving during the year were: Liam Morton (Co-Chair)
Penny Kirkley (Trustee) Paul Freeman (Trustee) Preeti Jha (Trustee) Remi Crisp (Trustee)
## STRUCTURE, GOVERNANCE & MANAGEMENT
Friends of St James’ School (“Friends”) is a charitable association.
The Friends’ objectives and regulations are set out in its constitution adopted 15* October 1991, revised in 2012.
Committee members are elected by the members of the Friends at their Annual General Meeting.
Membership of the Friends consists of[all][parents][and/or][guardians][of][ pupils][attending] the School and all past and present staff of the School.
## OBJECTIVES AND ACTIVITIES
The Friends’ objective is to advance the education of the pupils in the School, which primarily involves the making of grants to the School and the funding both of pupil trips from the School and the provision of resources to the School.
## ACHIEVEMENTS AND PERFORMANCE
Under normal conditions, there are four regular fundraising events - Family Disco, Christmas Fair, Quiz Night and Summer Fair, and other smaller events throughout the year. Additionally, every few years we hold a promises auction, last held in 2023. Other events are added/adapted as appropriate in any given year.
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FRIENDS OF ST JAMES’ SCHOOL
## TRUSTEES REPORT
FOR THE YEAR ENDED 31* AUGUST 2024.
eee
Total surplus from fundraising activities totalled £82,893 (2023 - £65,570).
Grants to the School totalled £64,140 (2023 - £32,513).
## FINANCIAL REVIEW
The statement of financial activities shows total funds of £66,872 at 31" August 2024 (2022- £48,349).
## Reserves policy
The Committee's policy is to ensure that sufficient funds are held to allow for the provision of grants to the school for the following year.
Signed on behalf of the Committee a fo Liam Morton, Treasurer
Date: 24/2/25
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FRIENDS OF ST JAMES’ SCHOOL
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF FRIENDS OF ST JAMES’ SCHOOL
## FOR THE YEAR ENDED 31 AUGUST 2024
espepenne I report to the charity trustees on my examination of the accounts for the year ended 31 August 2024 which are set out on pages 4 to 10.
## RESPONSIBILITIES AND BASIS OF REPORT
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of[the][Act.]
INDEPENDENT EXAMINER’S STATEMENT
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect ofthe charity as required by section 130 of the Act; or
2. the accounts do not accord with those records,
I have no concerns and have come across no other matters in connection with the examinationunderstandingto ofwhichthe accountsattention toshouldbe reached,be drawn in this reportin order to enable a proper
Name: Helen Cain BA FCA Fleet Place House 2 Fleet Place London EC4M 7RF
Date: 26/02/2025
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## FRIENDS OF ST JAMES’ SCHOOL
STATEMTENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDING 315? AUGUST 2024
|FOR THE YEAR ENDING 315? AUGUST 2024||||
|---|---|---|---|
||2024|2023|2022|
|INCOMING RESOURCES||||
|Activities for generating funds (note a)|87,080|73,298|21,841|
|TOTAL INCOMING RESOURCES|87,080|73,298|21,841|
|RESOURCES EXPENDED||||
|Costs of generating funds (note a)|4,187|7,728|4,331|
|Charitable activities (note b)|64,140|32,515|22,468|
|Expenses/investments (note c)|230|140|0|
|TOTAL RESOURCES EXPENDED|68,557|40,382|26,799|
|NET MOVEMENT OF FUNDS IN YEAR|18,523|32,916|-4,958|
|Total funds broughtforward|48,349|15,432|20,390|
|TOTALFUNDSCARRIEDFORWARD|66,872|48,349|15,432|
The statement of financial activities includes all gains and losses recognised in the year.
All incoming resources expended derive from continuing activities,
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## FRIENDS OF ST JAMES’ SCHOOL
## BALANCE SHEET
## AS AT 31ST AUGUST 2024
**----- Start of picture text -----**
||||||||||
|---|---|---|---|---|---|---|---|---|
|SS|yee|eens|ci|
|2024|2023|2022|
|CURRENT|ASSETS|
|Debtors|-|-|-|
|Cash|at bank|66,872|48,349|15,432|
|66,872|48,349|15,432|
|LIABILITIES|
|Creditors|falling|due|within|1|year|
|Unbanked|cheque|-|-|-|
|NET ASSETS|66,872|48,349|15,432|
|THE|FUNDS|OF|THE|CHARITY|
|Restricted|funds|-|-|-|
|Unrestricted|funds|66,872|48,349|15,432|
|TOTAL|CHARITY FUNDS|66,872|48,349|15,432|
|Notes|on|pages 6|to|7|form|part of|[these]|[accounts]|
**----- End of picture text -----**
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## FRIENDS OF ST JAMES’ SCHOOL
## NOTES ON THE ACCOUNTS
## FOR THE YEAR ENDING 315T AUGUST 2024
|(a)
ACTIVITIES FOR||||
|---|---|---|---|
|GENERATING FUNDS|Costs|Income|Surplus|
|Corporate Matching|0|60,000|60,000|
|Local Corporate|0|1,700|1,700|
|Family Contributions|0|19,032|19,032|
|Online Giving Platforms|187|175|-12|
|Large Events|2,268|2,336|66|
|Small Events|1,732|3,837|2,105|
||4,187|87,080|82,893|
|(b) CHARITABLE EXPENDITURE||||
|School Programming& Grants|||63,508|
|Year 6 Related|||632|
||||64,140|
|(c) EXPENSES/INVESTMENT||||
|PTAmembership|||230|
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## FRIENDS OF ST JAMES’ SCHOOL
NOTES ON THE ACCOUNTS
FOR THE YEAR ENDING 315? AUGUST 2024
## eee
## ACCOUNTING POLICIES
## BASIS OF PREPARATION
The principal accounting policies adopted in the preparation of the financial statements are set out below.
## INCOMING RESOURCES
Income from fundraising activities is recognised as earned when the related goods and services are provided. Investment income is recognised on a receivable basis. Income from charitable activities is recognised where there is entitlement, certainty of receipt, and the amount can be measured with sufficient reliability.
## RESOURCES EXPENDED
Expenditure is recognised when liability is incurred. allocatedCosts of generatingsupport costs.funds comprise the direct costs ofthe fundraising activities and any Charitable activities comprise either grants to the School or expenditure for the benefit of the School's pupils, together with any allocated support costs.
## ALLOCATION OF COSTS
Costs are allocated between direct charitable and other expenditure according to the betweennature ofthe costs. Where items involve more than one category they are apportioned the categories according to the nature of the costs.
## REALISED AND UNREALISED GAINS AND LOSSES
All realised gains and losses are recognised in the accounts.
## RELATED PARTY TRANSACTIONS
The charity trustees were not paid or reimbursed expenses during the year and no charity trustee received any emolument or payment for professional or other services.
## INVESTMENT INCOME
All of the investment income arises from an interest bearing bank account.
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