SPALDING HIGH SCHOOL FUND
CHARITY NUMBER 1043903
STATEMENT OF ACCOUNTS
for the year ended
31 March 2024
F•
Spalding High School
"An Outstanding Girls, Grammar School with a Mixed Sixth Form"

SPALDING HIGH SCHOOL FUND
STATEMENT OF ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
INDEX
Page
Annual Report
Independent Examiners Report
Statement of Financial Activities
Balance Sheet
5t012
Notes to the Financial Statements

SPALDING HIGH SCHOOL FUND
ANNUAL REPORT
for the year ended 31 March 2024
The Spalding High School Fund is a registered charity No. 1043903. Its address is Spalding High School,
Stonegate, Spalding, Lincolnshire. PE112PJ.
The object of the charity is to advance the education of the students by providing and assisting in the
provision of facilities for the education of the students al the school not normally provided. This should
develop more rounded members of the public when the students leave school.
The Headmistress, the Chairman of the Governors and the Chairman of Finance shall be the
Administrators of the Fund with the Schools Bursar acting in an exe¢utive capacity in the daily operation of
The fund is governed by a constitution approved by the Administrators on 11 May 1999.
The following people were responsible for the management of this fund during the year 8nd8d 31 March
2024:
Mrs. M. Anderson
Mrs D Mulley
Mr P Barks
Mr A Fragale
Mr S Williams
Headmistr8SS
Chair of Governors
Chair of th8 Finance Committee (appoint8d 20 June 2023)
Trustee
Chair of the Finance Committee {retired 31 May 2023)
Mrs R Fox, who is the School Bursar Manager of Spalding High School, acts in an executive position on a
day to day basis.
The bankers ara Lloyds, Hall Place, Sp21ding, Lincolnshire, PE1118D.
The Independ6nt Examiner is K J Maggs, FCA of Moore Thompson, Hoekman Way. Spalding, Lincs. PE11
3HE.
During the year under review, Ihere have been trips to Sicily. Italy, Iceland and Austria, fundralsSng events
have taken place including Easter Extravaganza, Children In Need, Fright Night, Macmillan Coffee Morning,
Christmas Disco and Red Nose Day.
Students have been very active in their charitable collecting and conducted their fundraising in a variety of
imaginative ways and these were forwarded to Ihe relevant charities on their behalf.
The fund has purchased a small numb8r of items that were not funded by Local Authority.
The Trustees consider that all of the above activities show that the fund operales in a¢¢ordanc8 With the
Charity Commissions, general guidance on public benefit
The Trustees are responsible for the management of risks faced by the fund. Risks are identified, assessed
and controls established. The Trustees are satisfied that the major risks identified have been adequately
mitigated where necessary. All trips and activities are done through the school and underwritten only by the
fimi.
The charity holds funds held as Custodian Trustee on behalf of Lincolnshire County Council and the
school's pupils in respect of the school canteen. No transactions are included in the Statements of Financial
Activities but the balances are shown in notes 12 and 13.
This report was approved by the Trustees on 16 Aprll 2024.
Mrs. M. Anderson
Headmistr8SS
Page 1

INDEPENDENT EXAMINERS REPORT
TO THE TRUSTEES OF
SPALDING HIGH SCHOOL FUND
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31
March 2024. which are set out on pages 3 to 12.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the
requirement of the Charities Act 2011 ('the Act,).
I report in respect of my examinatlon of the charittys accounts carrier out under section 145 of the Act and
in carrying out my examination I have followed all the applicable Directions given by the Charity
Commission under sectlon 145(51{b} of the Act.
Independent examlner'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-
accounting records were not kept in respect of the charity as required by section 130 of the Act., or
2. the accounts do not accord with those records. or
3. the accounts do not Complywith th8 applicabla rèqulrements concerning the form and content of
accounls set out in the Charities (Accounts and Reports) Regu18tlons 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 wlth the examination to which
attention should be drawn in this report in order to enabl8 a proper understanding of the accounts to be
reached.
K. J. Maggs F.C.
Chartered Accou
Spa5ding
Dated...i.
. 2024
Page 2

SPALDING HIGH SCHOOL FUND
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
2024
Restricted
Funds
2023
Unrestricted
Fund
Notes
Total
Total
Income from:
Grants and donations
Charitable activities
Investments
170
68,561
12
870
212,138
21
1,040
280,699
33
1,368
295,216
32
Total income
68,743
213,029
281,772
296,616
Expenditure on:
Charitable activities
63,287
218,071
281,358
298,392
Total expenditure
63,287
218,071
281,358
298,392
Gains l (losses) on investment assets
23
Net expendlture
5,456
{5,041)
415
{1,799)
Transfers b8tw•èn funds
15
2,202
2,202
Net movement to funds
7,658
{7,243)
415
(1,799)
Reconciliatlon of funds:
Fund balances brought fotward
27.183
20,440
47,623
49,422
Fund balances carried forward
34,841
13,197
48,038
47,623
The notes to the accounts set out on pages 5 to 12 fomi an integral part of these accounts
Page 3

SPALDING HIGH SCHOOL FUND
BALANCE SHEET
AT 31 MARCH 2024
2024
2023
Unrestricted Restricted
Fund
Funds
Notes
Total
Total
Investments
332
332
331
Current assats
Stock
10
323
323
1,990
129,802
522
1,611
145.107
Debtors
Bank and cash balances
1,990
52,576
12
77,226
54,889
77.226
132,115
147,240
Creditors
Amounts falling due within one yea
13
(20,048)
{64,361)
(84.409)
(99,948)
Net current assets
34.841
12,865
47,706
47,292
47,623
34,841
13,197
48,038
Income Funds
Restricted Funds
Unrestricted Fund
15
16
13,197
13,197
34,841
48,038
20,440
27,183
47,623
34,841
34.841
13.197
These statements were approved by the Trustees on
behalf by:
2024 and signed on their
Mrs. M. Anderson
Headmistres
Mr P Barks
Chair of the Finance Committee
Tho notos to the a¢¢ounts set out on pag8s 5 to 12 fom? an integr81 part of these accounts
Page 4

SPALDING HIGH SCHOOL FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
1. A¢countlng pollcles
The charity is an unincorporated charity registered in England and Wales wilh the Charity
Commission with the registration number 1043903. The charitls registered address is Stonegate,
Spalding, Lincolnshire. PE112PJ.
The principal accounting polici@s adopted in the p￿paration of the financial statements are set out
below.
a) The charity constitutes a public benefit entity as defined by FRS102. The financial statements have
been prepared in accordance with th8 Statement of Recommended Practice.. Accounting and
Reporting by Charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS102) issued in October 2019 and the
Charities Acl 2011.
b) The preparation of the financial statements requires management to make judgements, estimates
and assumptions that affect the amounts report8d. These estimates and judgements are
continually r8viewed and are based on experience and other factors, including expectations of
future events that are believed to be reasonable under the circumst8nces. Revisions to accounting
estimales are recognised in the period in which the estimate is revised if the revision affects only
that period or in the period of the revision and future periods if the revision affects both current and
Cut off - The only estimatlon applied in th&se accounts regarding cut off is concerning accruals and
prepayments where an 8Stimation of the costs relaling to the relevant period were applied when
relating to a different period.
c) All income is recognised in the statement of financial activities when the conditions for receipt have
been met, the amount can be measured reliably and it is probable that the income will be received
Whèr8 a claim for repayment of income tax has or will be made, such income is grossed for the tax
r8cover8bl8.
Donations and all other rec81Pts from fundraising and events are reported gross and ar8 accounted
for on a r8C8ivable basis.
Investment income is accounted for in the period in which the charity is entitled to receipt.
d) Expenditure is included in th8 statement of financial activities on an accruals basis and is allocated
to a particular fund where Ihe costs relate directly to that fund. Expenditure is categorised under the
headings recorded in the statement of financial activities and has been allocated as detailed below:
Charitable aclivities include the costs of the activities defined by the charivs aims for the benefit of
the persons sited in the charity objects.
Expenditure for the school and students includes the costs of the equipment and other items
bought for the benefit of the school.
e) Gift5 in kind are broughl into the accounts where there is either a reasonable ostimate of Iheir fair
value to the fund5 or the amount which is actually realised. Where a value cannot be determined,
or a reasonable estimate applied, the gift is not included in the statement of financial activities.
fj Stocks are valued at the lower of c05t or net realisable value.
g) Debtors and creditors with no stated interest rate and raceivable or payable within one year are
recorded at transaction price. Any losses arising from impaimient are recognised in expenditure.
h) Investments are the result of gifts made to the charity. The charity does not purchase inveslments.
They are capitalised at the market value at time of reGeipt and recorded at fair value annually
through Ihe Statement of Financial Aclivities.
Page 5

SPALDING HIGH SCHOOL FUND
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 MARCH 2024
1. Accounting poliGies (Gontinued)
i) Restricted funds are funds which are to be used in accordance with specific restriclions imposed by
donor5 or which have been raised by the charity for particular purposes. The costs of administering
such funds are charged against the specific fund.
j) Unrestricted funds are donations and other income received or generated for the objectives of the
charity for use at the discretion of the Truslees in the furtherance of the genaral objects of the
charity and which have not been designated for other purposes.
k) Students will from time to time arrange to make a collection or raise funds for a particular charity.
The money collecled by the pupils is banked by thls charity and th8n distributed to the relevant
charity when all or a majority of the pupils, money has been received. Where a collection has
commenced but has not been concluded the money collected and remaining to be distributed is
deferred unlil the next accounting period.
Throughout the year various trips of a social and education81 natur8 havo baan arranged. Where
the students have been unable to finance these in full, the Unr8Stricted Funds have paid tha
shortfall. Income is deferred to the extent that the cost of a trip has not fallen due at the balance
l) The financial statements have been prepared on a going concern basis as the trustees believe that
no material uncertainties exist. The trustees have considered the level of funds hald and the
expected leval of income and expenditure for the next 12 months from authorising the financial
2. Income from grants and donatlons
2024
Restricted
Funds
Unrestri¢ted
Fund
2023
Total
Total
Grants:
Tesco grant
Donatlons:
Gift aid donations
Gift for Excellence Scheme
Geography Squad
Prize giving
500
500
170
170
210
100
60
431
854
210
100
60
83
170
870
1,040
1,368
3. Income from charitable activities
2024
Restrlcted
Funds
Unrestrlcted
Fund
2023
Total
Total
Sales
School Trips
Fund raising and events
Charitable Collections
33,722
6,010
191.862
10,147
4,119
39,732
191.862
44,986
4.119
29,712
218,752
42,515
4.237
34,839
68.561
212,138
280.699
295,216
Page 6

SPALDING HIGH SCHOOL FUND
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 MARCH 2024
4. Investments
2024
Restricted
Funds
Unrestrlcted
Fund
2023
Total
Totsl
Bank Interest
Dividends
12
12
21
21
21
12
21
33
32
5. Expenditure on charitablo actlvlties
2024
Rostricted
Funds
Unrostrlcted
Fund
2023
Total
Total
Cost of sales
School Trips
Charitable collections
Expenditure for school and students
29,475
10,860
192,082
4,119
11,010
40,335
192,082
5,519
43,422
32,379
218,532
4,237
43,244
1,400
32,412
63,287
218,071
281,358
298,392
6. Charitabl8 Collections
2024
2023
Action Aid
Agape
Children In Need
Macmillan Cancer Support
Red Nose Day
Other Gharities
2,046
169
775
380
775
1,374
970
550
925
1,792
5,519
4,237
7. Expendlture for the school and the students
The expenditur8 covers items of equipment needed by the school including computers and other types
of equipment.
8. Trustees remuneration and exp&nsas
None of the Trustees received any remuneration or expens8s during either the current year under
review or the previous year.
Page 7

SPALDING HIGH SCHOOL FUND
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 MARCH 2024
9. Investments - Restricted funds
Lloyds Banking Group PIC 6.475 /0 non cumulative preference shares of £0.25 each - 330 shares
Valuation
At 1 April 2023
Changes in market value
331
At 31 March 2024
332
The historical cosl of the investment was £323.
10. Stock
2024
2023
stationery
Fair trade
323
442
80
323
522
11. Debtors
2024
Unrestrietod Restricted
Fund
Funds
2023
Total
Total
Balances b8tW08n funds {note13)
1,990
1,990
1,611
12. Bank and Cash balances
2024
Unrestricted Restrictod
Fund
Funds
2023
Total
Total
Bank current aGGount
Prize fund account
Fitness and Leisure account
canteen account
Cash on hand
52,506
60,222
3,766
112,728
3,766
135,237
3.766
6,034
13,238
13,238
70
70
70
52,576
77,226
129,802
145,107
Page 8

SPALDING HIGH SCHOOL FUND
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 MARCH 2024
13. Credltors
2024
Unrèstrict6d Restricted
Fund
Funds
2023
Totsl
Totsl
Amounts due to third parties
Balances be￿een funds (note11)
Balanc8 held on behalf of students re
Canteen
Balance held on behalf of Lincolnshire
County Council re Canteen
Deferred incoming resources
Book deposits
86
23
1,990
109
1.990
4,618
1,611
6,010
6,010
7,228
7,228
6,724
50.687
11,661
57,411
11,661
80,412
13,307
20.048
64,361
84,409
99,948
14. Daferrnd incoming resour¢o8
2024
Donatlons
2023
Total
Trips
Total
Balance at 1 April 2023
Amount released to Incoming resources
Amount deferred in the year
13,365
(13,365)
48,124
67,047
167,047)
2,563
80,412
(80,412)
50,687
13,433
{13,433)
80.412
Balance at 31 Merch 2024
48,124
2,563
50,687
80,412
Page 9

SPALDING HIGH SCHOOL FUND
NOTES TO THE FINANCIAL STATEMENTS {continu8d)
FOR THE YEAR ENDED 31 MARCH 2024
15. Summary of Restricted Funds
Incomlng I
(outgoing)
resources
Transfers I
investment
galns
At 1st April
2023
At31st
March 2024
Debate Club
Drama Department
Fitness and Leisure Fund
Geography Squad
Gift for Excellence Scheme
Locker Fund
Music Department
Prize Fund
Tesco Fund - Sports equipment
53
1.589
{4,223)
72
53
3,497
1.811
177
1,908
6.034
105
1.326
7,853
1.237
2,082
{140)
1,186
2,685
1,203
2,085
500
(5,168)
{341
500
20,440
{2,181)
{2,165)
(444)
57
{89)
(220)
15,062)
2,165
444
13,197
Book Deposits
Duke of Edinburgh Awards
Stsff gifts
Summer Fair
Trips and Wisits
(57)
89
220
20,440 0421
2,201
13,197
Transfers out of restricted funds and into the G8neral Funds are requlred to tie up monies spent by the
General Fund on behalf the restricted fund.
Current
assots
Investments
Llabilitie$
Nat assets
Debate Club
Drama Departmant
Fitness and Leisure Fund
Geography Squad
Gift for Excellence Scheme
Locker Fund
Music Departrnent
Prize Fund
Tesco Fund - Sports equipment
Book Deposits
Charitable Collections
Trips and Visits
53
3,497
1,811
177
1,186
2,685
1,203
3.766
500
11,661
2,562
48,125
53
3,497
1,811
177
1,188
2,685
1,203
2.085
500
332
{2,013)
(11,661>
12,562>
(48,125)
332
77,226
(64,361)
13,197
Page 10

SPALDING HIGH SCHOOL FUND
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 MARCH 2024
15. Summary of Restricted Funds (continued)
Where a department has raised funds for Ihat particular d8partm8nt the funds ar8 kepl separate as
above. The different funds are named above. If a fund is used for the specific purpose but the required
expenditure exceeds the monies available the deficit is funded by the General Fund.
Monies donated by the Parent Teacher Association are for expenditure agreed by the relevant
association and therefore are considered to be restricted. Generally, the Parent Teacher Association
will donate towards specific expenditure. If tho required expenditure exceeds the funds available th8n
the deficit is funded by the General Fund.
The Restricted Fund includes items which are expected by the Trustees, to be funded by the PTA.
where there are insLtffici8nl funds received then the General Fund covers any deficit.
Memorial funds are established as reslri¢ted funds where specific spending requirements have been
stipulated within the will or legacy. Any deficit on these funds will be funded out of Unrestricted Funds
until sufficient resources are available to cover the relevant project.
Restricted funds described above as Irips and visits, Summer Fair, Charitable collections, 8th Form
Leaver's Ball and Christmas Paty will usually result in a deficit rather than surplus. The puplls are not
charged more than the expected expenditur8 for trips but on occasions this may happen and if the
excess exceeds £1 per pupil then it is repaid. Excesses are also evident where in previous accounting
periods General Funds have been used to cover deficits but the parents later make a payment for the
trip then the funds are transferred back. Any surplus on the 6th Form Leaverfs Ball or Summer Falr is
made available to the 6th Form to spend. Otherwise, any surplus or deficlt is transferred tolfrom the
General Fund.
The Duke of Edinburgh Awards fund is monies raised for the purpose of assisting pupils with the
aforemenlioned award scheme, any deficit is funded by the Unrestricted funds,
The Summer Sports School fund has bean r8designated as the Summer Holidays Activities Week
fund. These have also been split on the basis of years. When one of the weeks falls within the
accounting year, for example Summer 2023 falling within the 2024 accounling year end, this has been
transferred to the annual funds category and the surplus or deficit transferred to or from the General
Fund in the same manner as the other annual funds.
16. Unr8Stricted Fund
During the year, funds have been raised for the general benefit of the school, It is the trustees opinion
that funds raised for general purposes should be kept to a minimum in order to focus the charity on the
specific needs of the school. The general funds are available for unexpected urgent requirements and
adminislration of Ihe fund.
17. Control
No one trustee or group of trustees has a dominant control of the charity.
18. Related Partles
Mrs. M. And8rson {Headmistress) is also a trustee of Spalding High School Parents and Staff
Association (PTA). During the year, the PTA did not donate (2023- no donations) towards specific
projects.
Page11

SPALDING HIGH SCHOOL FUND
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 MARCH 2024
19. Statement of Financial Activities - Funds Comparatlve
2023
un￿strICted Restrlcted
Fund
Funds
Total
Income Irom
Donations
Charitable activities
Invastments
410
57,156
32
958
238,060
1,368
295,216
32
Total income
57,598
239,018
296,616
Expendlture on
Charitable activities
60,504
237,888
298,392
Total expendlture
60,504
237,888
298,392
Losses on investment assets
Transfers between funds
123)
287
(23)
(287)
Net expenditure
(3,193
1,394
1,799
Page 12