Friends of Raglan Financial Statements for the year ended 31 August 2024 Registered Charity Number: 1020379 Friends of Raglan Statement of accounts for the year ended 31 August 2024 Colltellts Page Lcgal and administrative inforniation Trustees, reFK)rt Independent examiner's rew)rt ststement of financial activities for the year ended 31 August 2024 Balance sheet as at 31 August 2024 Notes to the accounts Friends of Raglan Legal and administrative inforniation Trustees L O'shea D How¢ll N Bllla Chair L O'shea Vice Cbair D Howell Secretary S Moreira TreAsurer N Bula Registered Address Raglan Primary School Raglan Road Bromley BR2 9NL Friends of Raglan Trustees, Report The Trustees submit their Trustees. report for the year ended 31 August 2024. Objects of the Trust. Principal Activities and Organisation of our Work Th¢ Trust is governed by the constitution adopt¢d on I I September 1990 and as amended on 3 February 2015. The obje£ts of the Trust are to advance the cducation of the pupils of the school by providing and assisting in th¢ provision of facilities for education at th¢ school (not nornially provided by the lo¢al authority). Trustees and other Relevant Persons The names of the Truste&s and oth¢r key personnel and relevant ￿rsOnS are listed on page l. The result for the year is shown on page 4 and the position at the end of the year is shown on page 5. Achievements and perforniance The 23-24 financial year saw the Friends of Raglan (FOR) conduct a series of ￿ndraISing events including Christmas and Summ¢r fairs, Spooky and Easter discos, a Quiz nigbL a Bingo nighL Raglan's Got Talent and Non-uniforni days. In addition tickets were sold for a Circus show, the Pantomtmc at the local Churchill theatre and a Fir¢works display at another local school. The Christmas and Sunllller fairs were the most profitable events raising in excess of £8.7k (2023: £6.4k) between them. The Spooky and Easter discos and sale of Pantomime tickets all raÈsed well in excess of £1.4k ¢acb. Thc Quiz night, Bingo night and Raglan"s Got Tal¢nt also raised in excess of £1,200 combincd. Th¢ sale of second hand unifonn raiscd around £600 and this incom¢ str¢am has b¢¢n bolstered by thc ability for parents to purchasc from an online shop. Ovcrall, income raised in 23-24 was £31.9k, £3.7k tnore than the £28.2k rais¢d in 22-23, which is a record for the FOR. Expenses incurr¢d in raising the income were £14.4k, giving a profit from fundraising of £17.Sk, which is just less than the £18.2k raised in 22-23. It should be noted that some of the income relating to the Circus was received in 22-23 but not adjusted for in 23-24 as the accounts are prepared on a cash basis, but would otherwise make this the most profitable year ever for the FOR. Donations to the School in the year totalled just ov¢r £29.6k and related to support for class Christmas parties, the Year 6 leavers paty, a Dnllllming W0￿shOp for the children and most notAbly the acquisition of playground equipment and improvements to the Key Stage I playground, undert2ken in Spring 2024. The donation for the playground equipment was in excess of 27.7k and represents the FOR'S most significant support for the school to date. Understandably, the cash balance decreased from £22.8k at the end of the last financial year to £9.3k as at 31 August 2024. The remaining funds are to be used as a basis to purchase equipment for the Key Stage 2 playground and fundraising in the 24-25 year will bc focused on raising the additional amount required as a similar donation as for Key Stage I will bc required to meet the vision of the school. It is the FOR'S policy to maintain a cash bal2nce of approximately £1 k to use &s floats for the main events, but cash reserves can otherwise be donale41 to the School as and when requested. All donations n]ust be approvcd by the Committee. Tru3te¢g' rogponsibiliÉi&% ILI rekntion to the financial sl*tements The charity trustees are responsible for preparing a tnts. annual rq)ort and fina￿181 statements ID &ccordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accoimting PractiL%). The law appli¢abl¢ to charities in En￿and and Waks requires the charity trustees to prepare financial ststements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources. of the charity for that perlod. In preparing the financial . sclect suitabl¢ accounting tK)lici¢s and then apply them consistentty" • observe the methods alld principles ill the applicable Charities SORP: • make judgements and estimates that are reasonable and prudenL state whether appEieAble accouDting standards have b￿n followed. subject to any material departures disclosed and explained in the financial statements" . pr¢p8re the financial stAtements on the going concern basis unl￿8 it is inappropriate to presume that the charity will continue in business. Th¢ trust¢¢s aff r¢sponsibl¢ for keeping proper accounting rewrds tIMt disclose with reasonable accuracy at any time the financial position of th¢ chartty and to cnablc thcm to cnsurc that thc financial statemcnts comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulation8 and the provisions of the Trust deed. They are also reS￿nSIble for safeguarding the assets of the charity and taking reasonable steps for the prevention and dete£tion of fraud and other iTTegularities. The trustees are responsible for the mainte1￿1cC and intcgrity of the charity and financial infonnation included on the h￿ity'S websits. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may dtffer from legislation in otheriurisdictions. On behalf of the TTh￿teeS L O'shea TTUStee Friends of ilaglan 21. oL.ioW Independent oxaminer's report to the Trn8tees of Friends of liaglan I report to the charity trust￿$ on my eKfjmination of the accounts of the charity for the year ended 31 August 2024 which are set out on pages 5 to 7. Responsibilitses and basis of report As the clwity's trustees you are r￿ponSIble for th¢ preparation of the accounts in accordan¢e with the requirements of the Charities Act 2011 ('th¢ Act,). I report in respcct of my examination of thc charity's 3￿counts carr.cd out Ulluer sekntion 145 of +ukIe Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the ACL Indepeodcnt examiner's statement I have completed my examination. I confirn that no material matters have come to m> aitention in connection with thc examination giving me cause to believe that in any ntsterial ￿spect. accountfftng [￿OrdS were not kept in r¢sp¢ct of th¢ charity &8 required by section 130 of the Act; or 2. the accounts do not accord wlth those records. or 3. the accounts do not comply with the applicable Eequireme-ts concerning the fonri arid content of account set out in the Charities (Accounts and reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which is not a matter constdered as part of an 1ndq￿d¢Trt examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drnwn in this tcport to enable a proper understanding of the accounts to be rcachcd. David R Leigh FCA 53 Hennitagc Lane London NW2 2HE 2fl fjL.loL) Friends of Raglan Statement of fmancial activities for th¢ year ended 31 August 2024 2024 2023 lllcome Fundraising evcnts Donations 31,900 28,256 Total income 31,900 28,256 Expenditure Fundraising events Donations to Raglan Primary Sch(KJl Miscellaneous expenditure 14.430 29,555 1,398 10.007 1,055 870 Total expeDditure 45,383 11,932 Net movement in funds (13,483) 16,324 Total funds bmught forward 22,761 6,437 Total fimds carrid forward 9278 22,761 All income And expenditure is derived from unrestricted gctivities. The ststement of financial activities includes all gains and losses ID the year. Friends of RaglAB Balance sheet as at 31 August 2024 2024 2023 Current Assets Cash at bank and in hand 9278 22,761 9278 22,761 CreditorJ: Amounts falling due within one year Totsl Assets l*ss Current IAabilities 9,278 22.761 9278 22,761 Represented by: Unrcstrictcd funds R¢stri¢ted funds 9278 22,761 9278 22,761 L O'Shca- Trustee Datesigned: Cjag Friends of Raglan Notes forniing part of the accounts for the year ended 31 August 2024 I ACCOUNrtNG POLICIES Basis of Accounting The financial statements have been prepared in accordance with the Statement of Rcconllnended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicablc in the UK (FRS 102) published on 16 July 2014. the Financial Reporting Standard applicable in the UK (FRS 102) and the Charities Act 2011. Thc Charity constitutes a public benefit entity as defined by FRS 102. The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern. Income recognition Income is dfflived from fundraising events and donations. All income is rccognis¢d onc¢ thc charity has cntitlement to the in¢oJne, there is sufficient certainty or receipt and so it is probable that the income will be received, and the amount of income received be measured reliably. Fundraising and donation income are all accounted for on the date of receipt into the Charity's bank account. Expenditure recognition Liabilitics are recogniscd as cxpcnditurc as s(K)n as thcrc is a Icgal or constructive obligation committing the charity to that expenditure, it is probabl¢ that settlement will b¢ required and the amount of obligation can be measured reliably. All expenses arc allocated or apportion¢d to thc applicabl¢ cxpcnditurc headings in th¢ stat¢m¢nt of financial activities. 2. Independent Examiner's Remuneration The Indq)endent Examiner's rcmun¢rdtion was £nil (2023: £nil) 3. RelAted party trnnsactions &nd trn$tees' expenses And remlllleration The trustees all give frc¢ly of thcir time and ¢xp¢rtis¢ without any forni of ranun¢rntion or other benefit in cash or kind. Expenses paid to the trustees in the year totalled £2,004 (2023: £843) and these expenses were r¢imbursem¢nt of purchases for fundraising ¢v¢nts made by 2 trustees on behalf of the charity. There were no related party transactions during the y¢ar (2023: £nil)