SPALDING HIGH SCHOOL FUND CHARITY NUMBER 1043903
STATEMENT OF ACCOUNTS
for the year ended 31 March 2025
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 2025
INDEX
Page
| 1 | Annual Report | ||
|---|---|---|---|
| 2 | Independent Examiners Report | ||
| 3 | Statement of Financial Activities | ||
| 4 | Balance Sheet | ||
| 5 | to | 12 | Notes to the Financial Statements |
SPALDING HIGH SCHOOL FUND
ANNUAL REPORT
for the year ended 31 March 2025
The Spalding High School Fund is a registered charity No. 1043903. Its address is Spalding High School, Stonegate, Spalding, Lincolnshire. PE11 2PJ.
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 at 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 executive 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 ended 31 March 2025:
Mrs. M. Anderson Headmistress Mrs D Mulley Chair of Governors Mr P Barks Chair of the Finance Committee Mr A Fragale Trustee (Resigned 31 August 2025 )
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 are Lloyds Bank Plc of Hall Place, Spalding, Lincolnshire, PE11 1BD.
The Independent Examiner is K J Maggs, FCA , Hoekman Way, Spalding, Lincs. PE11 3HE.
During the year under review, there have been trips to Greece, Belgium, Iceland and Austria, fundraising events have taken place including Easter Extravaganza, Children In Need, Whole School Sponsored Walk, Fright Night, MacMillan Coffee Morning, Agape Food Bank Collection, House Charity Day, 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. We now sponsor three guide dogs and other funds were forwarded to the relevant charities on behalf of our generous students and families.
The fund has purchased a small number of items that were not funded by Local Authority.
The Trustees consider that all of the above activities show that the fund operates in accordance 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 firm.
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 October 2025.
Mrs. M. Anderson Headmistress
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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 2025, 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 examination of the charity's 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 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:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do 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.
K. J. Maggs F.C.A.,B.A. Chartered Account
Spalding
Dated: 18 October 2025
Page 2
SPALDING HIGH SCHOOL FUND
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
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2025 2024
Unrestricted Restricted
Notes Fund Funds Total Total
£ £ £ £
Income from:
Grants and donations 2 467 241 708 1,040
Charitable activities 3 98,305 217,736 316,041 280,699
Investments 4 16 - 16 33
Total income 98,788 217,977 316,765 281,772
Expenditure on:
Charitable activities 5 75,909 221,362 297,271 281,358
Total expenditure 75,909 221,362 297,271 281,358
(Losses) / gains on investment assets 9 - (2) (2) 1
Net expenditure 22,879 (3,387) 19,492 415
Transfers between funds 15 (13,383) 13,383 - -
Net movement to funds 9,496 9,996 19,492 415
Reconciliation of funds:
Fund balances brought forward 34,841 13,197 48,038 47,623
Fund balances carried forward 44,337 23,193 67,530 48,038
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The notes to the accounts set out on pages 5 to 12 form an integral part of these accounts
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SPALDING HIGH SCHOOL FUND
BALANCE SHEET
AT 31 MARCH 2025
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2025 2024
Unrestricted Restricted
Notes Fund Funds Total Total
£ £ £ £
Investments 9 - - - 332
Current assets
Stock 10 - - - 323
Debtors 11 1,867 330 2,197 1,990
Bank and cash balances 12 65,183 129,456 194,639 129,802
67,050 129,786 196,836 132,115
Creditors
Amounts falling due within one yea 13 (22,713) (106,593) (129,306) (84,409)
Net current assets 44,337 23,193 67,530 47,706
44,337 23,193 67,530 48,038
Income Funds
Restricted Funds 15 - 23,193 23,193 13,197
Unrestricted Fund 16 44,337 - 44,337 34,841
44,337 23,193 67,530 48,038
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These statements were approved by the Trustees on 16 October 2025 and signed on their behalf by:
Mrs. M. Anderson
Headmistress
Mr P Barks
Chair of the Finance Committee
The notes to the accounts set out on pages 5 to 12 form an integral part of these accounts
Page 4
SPALDING HIGH SCHOOL FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
1. Accounting policies
The charity is an unincorporated charity registered in England and Wales with the Charity Commission with the registration number 1043903. The charity's registered address is Stonegate, Spalding, Lincolnshire, PE11 2PJ.
The principal accounting policies adopted in the preparation of the financial statements are set out below.
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a) The charity constitutes a public benefit entity as defined by FRS102. The financial statements have been prepared in accordance with the 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 (FRS102) issued in October 2019 and the Charities Act 2011.
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b) The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Revisions to accounting estimates 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 f
Cut off - The only estimation applied in these accounts regarding cut off is concerning accruals and prepayments where an estimation of the costs relating 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 . Where a claim for repayment of income tax has or will be made, such income is grossed for the tax recoverable.
Donations and all other receipts from fundraising and events are reported gross and are accounted for on a receivable basis.
Investment income is accounted for in the period in which the charity is entitled to receipt.
- d) Expenditure is included in the statement of financial activities on an accruals basis and is allocated to a particular fund where the 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 activities include the costs of the activities defined by the charity's 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.
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e) Gifts in kind are brought into the accounts where there is either a reasonable estimate of their fair value to the funds 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.
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f) Stocks are valued at the lower of cost or net realisable value.
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g) Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
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h) Investments are the result of gifts made to the charity. The charity does not purchase investments. They are capitalised at the market value at time of receipt and recorded at fair value annually through the Statement of Financial Activities.
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SPALDING HIGH SCHOOL FUND
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 MARCH 2025
1. Accounting policies (continued)
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i) Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of administering such funds are charged against the specific fund.
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j) Unrestricted funds are donations and other income received or generated for the objectives of the charity for use at the discretion of the Trustees in the furtherance of the general objects of the charity and which have not been designated for other purposes.
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k) Students will from time to time arrange to make a collection or raise funds for a particular charity. The money collected by the pupils is banked by this charity and then 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 until the next accounting period.
Throughout the year various trips of a social and educational nature have been arranged. Where the students have been unable to finance these in full, the Unrestricted Funds have paid the 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 held and the expected level of income and expenditure for the next 12 months from authorising the financial t t t
2. Income from grants and donations
| Grants: Tesco grant Donations: Gift aid donations Gift for Excellence Scheme Geography Squad Prize giving Other donations Income from charitable activities Sales School Trips Fund raising activities and events Charitable Collections |
Unrestricted Fund £ - 146 - - - 321 467 Unrestricted Fund £ 35,967 - 62,338 - 98,305 |
Restricted Funds £ - - 120 - 121 - 241 Restricted Funds £ 1,796 194,070 15,202 6,668 217,736 2025 2025 |
Total £ - 146 120 - 121 321 708 Total £ 37,763 194,070 77,540 6,668 316,041 |
2024 Total £ 500 170 210 100 60 - 1,040 2024 Total £ 39,732 191,862 44,986 4,119 280,699 |
|---|---|---|---|---|
3. Income from charitable activities
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SPALDING HIGH SCHOOL FUND
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 MARCH 2025
4. Investments
| Bank Interest Dividends Expenditure on charitable activities Cost of sales School Trips Charitable collections Expenditure for school and students Charitable Collections Action Aid Agape Children In Need Macmillan Cancer Support Red Nose Day Other charities |
Unrestricted Fund £ 16 - 16 Unrestricted Fund £ 26,057 - 582 49,270 75,909 |
Restricted Funds £ - - - Restricted Funds £ 10,104 191,361 6,668 13,229 221,362 2025 2025 |
Total £ 16 - 16 Total £ 36,161 191,361 7,250 62,499 297,271 2025 £ 582 82 860 - 700 5,026 7,250 |
2024 Total £ 12 21 33 2024 Total £ 40,335 192,082 5,519 43,422 281,358 2024 £ 2,046 169 775 380 775 1,374 5,519 |
|---|---|---|---|---|
5. Expenditure on charitable activities
6. Charitable Collections
7. Expenditure for the school and the students
The expenditure covers items of equipment needed by the school including computers and other types of equipment.
8. Trustees remuneration and expenses
None of the Trustees received any remuneration or expenses during either the current year under review or the previous year.
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SPALDING HIGH SCHOOL FUND
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 MARCH 2025
9. Investments - Restricted funds
Lloyds Banking Group Plc 6.475% non cumulative preference shares of £0.25 each - 330 shares
| Valuation At 1 April 2024 Disposal proceeds Changes in market value At 31 March 2025 |
£ 332 (330) (2) - |
|---|---|
The historical cost of the investment was £323.
10. Stock
| Stationery Debtors Balances between funds (note13) Prepayments and accrued income Bank and cash balances Bank current account Prize fund account Canteen account Cash on hand |
1,867 - 1,867 65,183 - - - 65,183 £ Unrestricted Fund Unrestricted Fund £ |
Restricted Funds £ - 330 330 Restricted Funds £ 112,615 3,177 13,664 - 129,456 2025 2025 |
2025 £ - Total £ 1,867 330 2,197 Total £ 177,798 3,177 13,664 - 194,639 |
2024 £ 323 2024 Total £ 1,990 - 1,990 2024 Total £ 112,728 3,766 13,238 70 129,802 |
|---|---|---|---|---|
11. Debtors
12. Bank and cash balances
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SPALDING HIGH SCHOOL FUND
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 MARCH 2025
13. Creditors
| Amounts due to third parties Balances between funds (note11) Deferred incoming resources Book deposits 14. Deferred incoming resources Balance at 1 April 2024 Amount released to incoming resources Amount deferred in the year Balance at 31 March 2025 Balance held on behalf of students re Canteen Balance held on behalf of Lincolnshire County Council re Canteen |
158 - 8,987 4,601 8,967 - 22,713 Trips £ 13,365 (13,365) 101,384 101,384 Unrestricted Fund £ |
Restricted Funds £ 145 1,867 - - 101,851 2,730 106,593 Donations £ 37,322 (37,322) 467 467 2025 2025 |
Total £ 303 1,867 8,987 4,601 110,818 2,730 129,306 Total £ 50,687 (50,687) 101,851 101,851 |
2024 Total £ 109 1,990 6,010 7,228 57,411 11,661 84,409 2024 Total £ 80,412 (80,412) 50,687 50,687 |
|---|---|---|---|---|
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SPALDING HIGH SCHOOL FUND
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 MARCH 2025
15. Summary of Restricted Funds
| Art Department Debate Club Drama Department Fitness and Leisure Fund Geography Squad Gift for Excellence Scheme Locker Fund Music Department Prize Fund Tesco Fund - Sports equipment Book Deposits Charitable Collections Duke of Edinburgh Awards Staff gifts Trips and Visits |
£ - 53 3,497 1,811 177 1,186 2,685 1,203 2,085 500 13,197 - - - - - 13,197 At 1st April 2024 |
£ 1,400 - (1,563) 1,840 (20) (512) (2,836) 2,281 (590) (500) (500) (5,471) 2 (102) (23) 2,709 (3,385) Incoming / (outgoing) resources |
£ - - - - - - 10,496 - - - 10,496 5,471 (2) 102 23 (2,709) 13,381 Transfers / investment gains |
£ 1,400 53 1,934 3,651 157 674 10,345 3,484 1,495 - 23,193 - - - - - 23,193 At 31st March 2025 |
|---|---|---|---|---|
Transfers out of restricted funds and into the General Funds are required to tie up monies spent by the General Fund on behalf the restricted fund.
| Art Department Debate Club Drama Department Fitness and Leisure Fund Geography Squad Gift for Excellence Scheme Locker Fund Music Department Prize Fund Book Deposits Charitable Collections Trips and Visits |
- - - - - - - - - - - - - Investments £ |
Current assets £ 1,400 53 1,934 3,651 157 674 10,345 3,484 3,507 2,730 467 101,384 129,786 |
Liabilities £ - - - - - - - - (2,012) (2,730) (467) (101,384) (106,593) |
Net assets £ 1,400 53 1,934 3,651 157 674 10,345 3,484 1,495 - - - 23,193 |
|---|---|---|---|---|
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SPALDING HIGH SCHOOL FUND
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 MARCH 2025
15. Summary of Restricted Funds (continued)
Where a department has raised funds for that particular department the funds are kept 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 the required expenditure exceeds the funds available then 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 insufficient funds received then the General Fund covers any deficit.
Memorial funds are established as restricted 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 trips and visits, Summer Fair, Charitable collections, 6th Form Leaver's Ball and Christmas Party will usually result in a deficit rather than surplus. The pupils are not charged more than the expected expenditure 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 Leaver's Ball or Summer Fair is made available to the 6th Form to spend. Otherwise, any surplus or deficit is transferred to/from the General Fund.
The Duke of Edinburgh Awards fund is monies raised for the purpose of assisting pupils with the aforementioned award scheme, any deficit is funded by the Unrestricted funds.
The Summer Sports School fund has been redesignated 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 accounting 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. Unrestricted 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 administration of the fund.
17. Control
No one trustee or group of trustees has a dominant control of the charity.
18. Related Parties
Mrs. M. Anderson (Headmistress) is also a trustee of Spalding High School Parents and Staff Association (PTA). During the year, the PTA did not donate (2024 - no donations) towards specific projects.
Page 11
SPALDING HIGH SCHOOL FUND
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 MARCH 2025
19. Statement of Financial Activities - Funds Comparative
| Income from Donations Charitable activities Investments Total income Expenditure on Charitable activities Total expenditure Gains on investment assets Transfers between funds Net expenditure |
Unrestricted Fund £ 170 68,561 12 68,743 63,287 63,287 - 2,202 7,658 |
Restricted Funds £ 870 212,138 21 213,029 218,071 218,071 1 (2,202) (7,243) 2024 |
Total £ 1,040 280,699 33 281,772 281,358 281,358 1 - 415 |
|---|---|---|---|
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