FINAL Trustees' Annual Report Registered Charity No: 1037150 Fiscal Year Ending 31 July 2025
Prepared by Louise Jobson
Prepared on 19 May 2026
FINAL
Table of Contents
Annual Report for the Year Ending 31 July 2024 ...........................................................................................................3 Independent Examiner's Report to the Trustees ............................................................................................................6 Financial Activities………………………………………………………………………………………………………………………….7 Balance Sheet…………………………………………………………….……………………………………………………………………8
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Report for the Year ending 31[st] July 2025
Aim and Purpose
The purpose of the Kensington Prep School Parents Association(‘KPA’) is to work with Kensington Prep school to advance the education provided by the school, promote co-operation between the parents, staff and others associated with the school and strengthen links between the school and the local community. Kensington Prep School is located in the London Borough of Hammersmith & Fulham at 596 Fulham Road, London, SW6 5PA.
Objectives and Activities
The KPA is committed to raising funds in support of the education efforts at Kensington Prep School, offering support through purchases of supplementary equipment, and other means as determined by the KPA.
The KPA assists in the provision of voluntary help in the school for activities such as reading supervision and promotes social cohesion within the school community through activities such as coffee mornings, quiz nights, and whole of school Christmas and Summer activities.
The KPA also supports outside charities as selected by the Committee in association with the school and the student council
In planning the activities, the KPA has regard to the Charity Commission’s guidance on public benefit.
Achievements & performance
The 2024/25 school year represented a successful year for the KPA, Net fundraising was as follows:
| **INITIATIVE ** | REVENUE £ | COSTS £ | NET FUNDRAISING £ |
|---|---|---|---|
| Summer Festival | £30,212 | £3,891 | £26,321 |
| Holly Jolly (Xmas) | £15,521 | £5,822 | £9.699 |
| Merch& SHU | £12,670 | £12,670 | |
| Quiz Night | £4,305 | £1,715 | £2,590 |
| CharitableActivities | £758 | £758 | |
| **Total ** | £63,466 | £11,429 | **£52,037 ** |
KPA funds raised through KPA events were used to both run its events and fund end of year donations. The primary focus of the fundraising focus was school equipment procurement At the end of the fiscal year, the KPA accrued £30,000 to donate to GDST, earmarked for these works. The KPA also accrued £10,000 for equal donations supporting 2 charities selected by the Student Council:
(i) The School and Family Works (Registered Charity 1203145) - an organisation committed to creating communities of change in London schools that transform the lives of children facing adversity (ii) the Fulham FC Foundation (Registered Charity 1111639) – an organisation ‘run with the passionate pursuit of building better lives through sport’.
Donation values and proportionality were all in line with agreements made at the start of the fiscal year to donate approximately 75% of financial year earnings after expenses to the school for aligned school improvement projects and 25% to community charities.
In addition to KPA fund raising, where funds flow through the KPA’s accounts and financial statements, the KPA also engages in direct fund raising for charities, where funds go directly to the relevant charity. These activities are often done in conjunction with the Kensington Prep School. For such campaigns, the KPA predominantly uses JustGiving to support school collection efforts. The details of these efforts will be reported in the schools forthcoming ‘Impact report’
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Financial Review
The KPA financial year runs August 1[st] to July 31[st]
Total receipts for all activities were £63,466 with net fundraising of £52,037 after taking into account all posted expenses connected with the fundraising. This represents a strong result and a 70% increase on fiscal year 24 fundraising. Revenue upside is due to a combination of higher year-on-year deposits for each of the 2 main annual events (Holly Jolly and Summer Festival) and lower costs. It should be noted however that £7,000 has been accrued to cover reimbursement of late posted invoices, that were paid after 31[st] July 2025 but related to expenses prior to 31[st] July 2025, which therefore reduces net fundraising to £45,000 (still 50% up year on year and reflective of a very successful year)
The KPA maintained its high payout ratio this fiscal year, drawing primarily from its net fundraising income. Up nearly 10% on 2023/24 donations, £40,000 was accrued for charity causes, of which £30,000 will go to GDST for the benefit of school equipment procurement and £10,000 will be equally split between 2 Student Council nominated charities. Additional KPA expenses, covering office & general admin costs, came in at £1110.97. The end result for the year was £51,929.52 before accrued expenses of £47,000 (to cover 3 afore-mentioned charity donations and late posted expense invoices of £7,000).
So as a comparison to last year on a like to like basis:
| INITIATIVE | 31July 2025 | 31July 2024 |
|---|---|---|
| Net Income(expenditure) | 51,929.52 | (10 544.53) |
| Charitable Donations | 36,959.00 | |
| Net income restated after donations | 51,929.52 | 26,414.47 |
| Late posted expense receipts | 7,000 | |
| Donations related to 2024/25 | ||
| GDST school works | 30,000 | |
| Student council charities | 10,000 | |
| Total expenditures(donations & exp) | 47,000 | |
| Net income(like for like basis) | 4,929.52 | (10,544.53) |
Adding bank and deposit balances, the net assets of the KPA at 31[st] July 2025 were £58,909. Going forward, we expect the Fiscal 2026 year-end cash-on-hand to reduce in line with 2023/24 levels (below £10,000) with net income close to zero.
Accounting and Reserves Policy
The KPA accounts are prepared on a receipts and payment basis. The independent review of accounts for this financial year has been undertaken by Paul Kerr. The KPA holds its reserves in bank accounts to be dispersed once suitable projects or charities have been identified.
Volunteers
The KPA benefits from a strong volunteer base within the parent body. We would like to thank all the volunteers who work so hard to enhance the educational and social environment within the school and also to support the local community.
Structure, Governance and management
The KPA Committee consists of the Head of Kensington Prep (President), the Officers (Chairman, Treasurer, Communications Officer and any other officers the President and Chairman appoint) and representatives from each class in the school. The officers are typically appointed for a 2-year term at the end of the school year when the previous officer’s terms expire.
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Membership of the KPA is open to all parents and guardians of pupils at the school.
The committee of the KPA are responsible for making decisions on how the funds of the KPA are to be spent in line with the stated objectives of the KPA. During the year to 31 July 2025, the officers of the KPA were as follows:
| SaadiaLababidi | Chairman | Appointed by the Committee |
|---|---|---|
| Louise Jobson | Treasurer | Appointed by the Committee |
| Noor Taarin | Communications Officer | Appointed by the Committee |
| KseniaLikhacheva | Events chair | Appointed by the Committee |
| Alex Young | SHU / Merchandising | Appointed by the Committee |
| Ozlem Tastam | SHU /Merchandising | Appointed by the Committee |
Declarations
The KPA Committee officers have approved the annual report and the KPA Committee has approved the Annual Financial statements which have both been subject to independent review.
Signed on behalf of the KPA Committee
Louise Jobson Treasurer 19 May 2026
Kensington Prep School Parents Association
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Independent Examiner’s Report to the Trustees
I report on the accounts of the Charity for the year ended 31 July 2025 as set out below.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
(1) examine the accounts under section 145 of the 2011 Act;
(2) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
(3) to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, 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 no opinion is given as to whether the accounts present a true and fair view; and the report is limited to those matters set out in the statement below.
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:
a. to keep accounting records in accordance with section 130 of the 2011 Act; and
b. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 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 accounts to be reached.
Respectfully, Paul Kerr Qualified Accountant/ c/o Ken Prep School, 596 Fulham Road, London SW6 5PA
Kensington Prep School Parents Association
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Financial Activities
Statement of Activity
August 2024 - July 2025
| Statement of Activity August 2024 -July2025 |
||
|---|---|---|
| Total | ||
| Aug 2024- Jul 2025 | Aug 2023- Jul 2024 (PY) | |
| INCOME | ||
| Charitable activities | 758.22 | |
| Donations and legacies | 1,358.97 | |
| ECO Warriors | 898.00 | |
| Holly Jolly Day | 15,520.89 | 13,137.97 |
| Merchandise Sales | 5,717.50 | |
| Quiz Night | 4,305.00 | 3,844.00 |
| SHU Sales | 12,670.00 | 9,339.00 |
| Spring Event | 1,570.61 | |
| Summer Festival | 30,211.74 | 26,186.24 |
| Total Income | 63,465.85 | 62,052.29 |
| COST OF SALES | ||
| Cost of Merchandise | 8,547.54 | |
| Holly Jolly Expenses | 5,822.05 | 9,782.95 |
| Pub Quiz Expenses | 1,715.48 | 1,806.20 |
| Spring Event Expenses | 1,072.51 | |
| Summer Festival Expenses | 3,890.98 | 9,429.01 |
| Total Cost of Sales | 11,428.51 | 30,638.21 |
| TOTAL | 52,037.34 | 31,414.08 |
| EXPENDITURES | ||
| Charitable Contributions | ||
| External Charity Donations | 12,000.00 | |
| KPS Donations | 24,959.00 | |
| Total Charitable Contributions | 36,959.00 | |
| Office/General Administrative Expenses | 304.80 | |
| Leavers Gifts, Staff Gifts & Tips | 4,495.52 | |
| Zettle Processing Fees | 806.17 | 675.05 |
| Total Office/General Administrative Expenses | 1,110.97 | 5,170.57 |
| Total Expenditures | 1,110.97 | 42,129.57 |
| NET OPERATING INCOME | 50,926.37 | -10,715.49 |
| OTHER INCOME | ||
| 2025 Staff Leaver Donations | 852.00 | |
| Interest Income | 151.15 | 170.96 |
| Total Other Income | 1,003.15 | 170.96 |
| NET OTHER INCOME | 1,003.15 | 170.96 |
| NET INCOME/(EXPENDITURE) | £51,929.52 | £ -10,544.53 |
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Balance Sheet
As of July 31, 2025
| As ofJuly31,2025 | ||
|---|---|---|
| Total | ||
| As of Jul 31, 2025 | As of Jul 31, 2024 (PY) | |
| FIXED ASSET | ||
| Total Fixed Asset | ||
| CASH AT BANK AND IN HAND | ||
| Barclays Current (9806) | 34,778.37 | 0.00 |
| Barclays Savings 1 (1921) | 23,930.89 | 6,779.74 |
| Zettle Liquid Account | 200.00 | 200.00 |
| Total Cash at bank and in hand | 58,909.26 | 6,979.74 |
| NET CURRENT ASSETS | 58,909.26 | 6,979.74 |
| NET CURRENT ASSETS (LIABILITIES) | 58,909.26 | 6,979.74 |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 58,909.26 | 6,979.74 |
| TOTAL NET ASSETS(LIABILITIES) | £58,909.26 | £6,979.74 |
| CHARITY FUNDS | ||
| Retained Earnings | 6,979.74 | 17,524.27 |
| Surplus/(Deficit) | 51,929.52 | -10,544.53 |
| Total Charity funds | £58,909.26 | £6,979.74 |
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