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Year ending Aug 31[st ] 2024 Report and Financial Statements (Unaudited) Internal **2023 - 2024** ## **FOSMAS ANNUAL REPORT** ## **Table of Contents** |FOS MAE|| |---|---| ||2| |Welcome from FOSMAS|3| |Charity Information|4| |Background and Objectives|4| |Trustees|4| |Activities|5| |Annual Review|6| |Thank You and Farewells|7| |Appendix 1|8| Friends of St Mary Abbots School, 2 Kensington Church Court, London W8 4SP Charity Registration No. 10309555 2 **|** Page Internal **FOSMAS ANNUAL REPORT** **2023 - 2024** ## **Welcome from FOSMAS** W e hope you find this report informative and that it gives you a clear picture of what we’ve achieved together. This past year has been a remarkably successful year for our school community. We were thrilled to see so many wonderful events come to life — from the Christmas and Summer Fairs, uniform sales, and coffee mornings. In addition, we ran two especially successful fundraising campaigns: the **Read-a-Thon** , which raised a record amount, and the **Fun Run** , which capped off the year with incredible enthusiasm and support. Much of this success is thanks to **you** , our generous parent community. Your donations and participation make everything we do possible. We are also deeply grateful for the leadership of **Mr. Primrose** , the support of the **Governors, Mother Emma, Father Tim and Father Evan** , and the tireless dedication of the **teachers and staff** at SMAS. Throughout the year, FOSMAS worked not only to provide tangible resources but also to support the school and children in more personal, community-driven ways. Events like the Christmas Fair in the church and the joyful Summer Fair brought families together and created lasting memories for the children. We also hosted the **Parents’ Quiz Night** , launched the **Read-a-Thon** , supported with **Sports Day** and introduced new opportunities for families to connect and support one another. It has truly been a team effort, and we are so grateful for every volunteer, every donor, and every helping hand. **A huge thank you** to all who have contributed — and continue to do so. None of this would be possible without your support. In the **Financials** section of this report, you’ll see exactly how much we raised and how those funds are being put to work in the school. That said, there is always more to do. If you are already a regular donor, we thank you. If you’re not yet, we warmly encourage you to consider becoming one. Remember, FOSMAS is a **registered charity** , and **100% of donations go directly back into the school** . Through **Gift Aid** , your donation can be increased by 25%, and there may be personal tax benefits as well. As this report is published, we are handing the baton to a **new team of enthusiastic, capable parents** . We are confident that FOSMAS will continue to thrive under their leadership, and we believe the future looks bright for our school community. We hope you find this report both uplifting and informative. ## **The FOSMAS Committee** 2023–2024 3 **|** Page Internal **FOSMAS ANNUAL REPORT** **2023 - 2024** ## **Charity Information** ## **Background and Objectives** The Friends of St Mary Abbots School (FOSMAS) is a registered UK charity formally constituted in January 1994. It is governed by its Constitution, as amended, and adopted on 28[th] February 2022. The main objective of this charity is to advance the education of pupils in St Mary Abbots School (SMAS) by: 1. Developing effective relationships between the staff, parents and others associated with the school. 2. Engaging in activities or providing facilities or equipment which support the school and advance the education of the pupils. 3. Support the Governing Body in the most efficient way and in accordance with the process set in our Constitution document. The charity relies on a formally constituted Committee to pursue this objective. FOSMAS Committee administers the charity and meets at least quarterly with further meetings as required. All members of the Committee are trustees of the charity and have control of its property and funds. FOSMAS’ trustees bring a variety of skills to the board including financial, communications, administration, and events and charity management. All Trustees are encouraged to keep up to date with the role and responsibility of a trustee. Nominations for election to the Committee may be made by any charity member with the consent of the nominee. The formal election process takes place at the AGM where decisions are taken by simple majority. ## **Trustees** The Trustees presented their annual report and unaudited accounts for the year ending 31st August 2024 at the AGM held on 19th March 2024. FOSMAS elected its committee members as listed below: FOSMAS Committee (elected in Mar 2024) Erin Smart (co-C) Patrick Flynn (co-C)* Disha Bhatt (co-C)* Laura-Ann Hanson (S)* Ruzena Karlubik (T) Rocio Alvarez Vigil* Angela Crossman* Raquel Alegre* Farook Khan* Mary Masha Novikova Ioana Bozan (Co) Tom Wegelius (Co) Sandra Vasquez (Co) Note: C - Chair, T - Treasurer, S - Secretary, Co - Co-opted member. *These members resigned 14 weeks after the AGM 4 **|** Page Internal **2023 - 2024** ## **FOSMAS ANNUAL REPORT** ## **Activities** As the school’s dedicated charity and Parents Teachers Association (PTA), FOSMAS plays a crucial role in organising activities and events to foster relations between the school’s staff, parents, pupils and Governors. A key part of FOSMAS’ role is to raise funds for educational materials and equipment for our children to have the best education and learning environment where to thrive. To achieve this, FOSMAS organises several events and activities throughout the year. - **October 2023** - FOSMAS Parents Drinks, - **December 2023** - FOSMAS Christmas Fair, - **March 2024 –** FOSMAS AGM, Quiz Night, and Read-A-Thon, - **May 2024 -** FOSMAS Spring Soiree, - **June 2024 –** FOSMAS Fun Run, - **July 2024 –** FOSMAS Summer Fair 5 **|** Page Internal **FOSMAS ANNUAL REPORT** **2023 - 2024** ## **Annual Review** This school year we have continued to work closely with the **Class Reps** to pass on FOSMAS news to all parents, with WhatsApp and emails to parents acting as additional reminders. 2023/24 was a challenging year for many families at the school with sustained years of inflation affecting families and school budgets. However, the effort, resilience, and love for our school and community made this year a real success in terms of fundraising. Thanks must go to **Mr Primrose** for leading our school through these challenging times and supporting the children, parents, and staff. Overall, FOSMAS raised c. £60K (net of costs) which represented a **n increase of over 92% versus the previous school year** . This is mostly explained by an increased fundraising from **events like the Read a Thon and the Fun Run** which were able to attract more attention. As in previous years, Single & Regular Givers represented the biggest source of income (29%). This highlights how crucial **your donations** are to FOSMAS and, ultimately, the school as they are the **most reliable funding source** . Thank you so much to all the families who made this possible. However, FOSMAS Expenses and Donations **only 23 parents in our school** **community were providing regular donations as of Aug 24** . This represents only 13.2% out of 174 children attending the school. This is not sustainable given the increase costs the school faces. Towards the end of the last school year, we had to witness what years of economic challenges have done to school budgets with some of our loved activities and curriculum enhancements being cut. This decision taken by the School Governors was needed despite FOSMAS raising the money it had committed to the school. However, the £66,000 annual target FOSMAS raises for the school is essential to provide extra support, but it’s not enough when significant fixed costs like wages and pension face upward pressure. However, continuous support from the parent community is essential to help the school. FOSMAS’ donation to the school represented 93% of the total expenses and included our subscriptions to Read, Write Inc phonics resources and Singapore Maths. However, given the increasing budget constraints faced by schools, our donations to the school are now a vital source of funding which is being used to pay for more than just curriculum upgrades. 6 **|** Page Internal **FOSMAS ANNUAL REPORT** **2023 - 2024** ## **Thank You and Farewells** The end of the summer term saw a number of families leave the school. They have been major supporters of FOSMAS, and we thank them for their huge contribution to the school over the years. We would like to thank all the **parents** and **school staff** who worked tirelessly this year promoting fundraising and donating generously to FOSMAS. Thank you to our **fund-matching champions** (including **Mircea** , **Ioana, and Cuan** ) and our beloved **FOSMAS team** , these groups of parents have been especially involved and have consistently supported the school. A very special thank you goes to our **Class Reps** , **and Gergana Panderova,** a school mother who kindly assisted in the auditing of our annual accounts. Thank you to **all our volunteers** who provided endless support and made sure that everything ran smoothly at the events. Finally, we would like to thank **Mr Primrose,** the **School Governors, Mother Emma,** and the **PCC** of **St Mary Abbots Church** for all their help and support throughout the past year. 7 **|** Page Internal Friends of St Mary Abbots School 1030955 CHARITY COMMISSIO FOR ENGLAND AND WALES Receipts and payments accounts CC16a For the period from 0110912023 3110812024 To Section A Receipts and payments Unrestricted funds Restricted funds Endowment funds Total funds Last year th8 noare$t to tho n88r￿lE to tho neaT891£ 10 the Th8orost£ trj the n?arost £ A1 Receipts Fundraising Fosmas Donations Monthl donations Interest Fundraisin 42.284 6,356 12,545 436 4,035 42,284 6,356 12,545 436 4,035 19,376 17.107 446 events other Sub total(Gross income forARJ 65,656 65.656 36,929 A2 Asset and investment sales. (see table). Sub total Total receipts 65,6S6 65,656 36,929 A3 Payments Fosmas Event expenses School donations General expenses Char es and fees 2,651 67,430 511 144 2,651 67,430 511 144 2,880 65,440 493 234 Sub total 70,736 70,736 69,047 A4 Asset and investment purchases, Isee table} Sub total 70,736 47 Net of recwpts/{payments) AS Transfers between funds A6 Cash funds last year end Cash funds this year end 75,920 70.840 75,920 70.840 108,038 75,920 CCXX R1 accounts ISSI 30106￿025 Section B Statement of assets and liabilities at the end of the period Unrestri¢ted funds to nearest £ Restricted funds to nearest £ Endowment funds to nearest £ Categories Details 81 Cash funds Totsl Cash in Bank 70,840 Total cash fun(ts (agree balances wth re￿Ipts and payments accounllsl) 70.840 Unrestricted funds to nearest £ Restricted funds to nearest £ Endovfflient funds to nearest £ Details B2 Other monetary assets Fund to vthich asset Cost loptionall belon Current value (optional Details Fund to which asset belon Cost loptionall Current value loptionall Details B4 Assets retained for the charity's own use Fund to which liability relates Amount due (optionall When due loptionall Details B5 Liabilities CCXX R2 accounts ISSI 30106￿025 e)In 0￿0>￿0{￿ 0000 omoo i oioi q>0 o (DO- 0)00)￿0￿) 0000 (WONOO ov)rr￿0 o¢D*0*￿ *cqOCy￿￿￿o ifi oi oi ¢(> o o p >o- os o 0> o 0> ¢n v) b) E E E E E E E c c c c c c c C C 1 11 1111511 11 Jlljjll 11111 jl sill o o o o o o o u u u u u u u qj (kQCLQCLQCL ¥ x ¥ LU WLU x x x x x wwwww ztyzw O ffj 0> cL)zoW￿{D rLZQZ InLLuofcL7Z )o>u)o)tr)o) E C C c c c c c c (o¢n(oin(oin(o 0909022 o) ty o) ty o) > > > > > > > > > > > > LU Lll LU Lll LU Lll CFI UJ c c h¥lS1 ,11 LU LU LU LU W (n o) oououou OZZZZZZZ xxxxxxx CLLll UJ UJ UJ L xxxxx rLUJW UJ # **Independent examiner's report on the accounts** > **Report to the trustees/ Friends of St Mary Abbots School members of On accounts for the year 31/08/2024 Charity no 1030955 ended (if any)** I report to the trustees on my examination of the accounts of the above **31/08/2024** . **Responsibilities and** As the charity trustees, you are responsible for the preparation of the **basis of report** accounts in accordance with the Charities Act 2011 (“the Act”) . I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 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 Act. **Independent** I have completed my examination. I confirm that no material matters **examiner's statement** have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts 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 considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. **==> picture [98 x 9] intentionally omitted <==** **----- Start of picture text -----**
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**Signed: Name:** K Ivanov Chartered Marketer/Accountant **Relevant professional** MCIM/ACIM **qualification(s) or body (if any):** 1 **October 2018** **IER** **Address:** 601 Britannia House,1-11 Glenthorne Road, London, W6 OLH ## **Section B Disclosure** Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). **Give here details of any items that the examiner wishes to disclose** . N/A 2 **October 2018** **IER**