**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
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 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:
1. 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 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**
**==> picture [494 x 385] intentionally omitted <==**
**----- Start of picture text -----**
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
**----- End of picture text -----**
The notes to the accounts set out on pages 5 to 12 form an integral part of these accounts
Page 3
## **SPALDING HIGH SCHOOL FUND**
## **BALANCE SHEET**
## **AT 31 MARCH 2025**
**==> picture [495 x 372] intentionally omitted <==**
**----- Start of picture text -----**
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
**----- End of picture text -----**
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.
- **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.
- **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.
- **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.
- **f)** Stocks are valued at the lower of cost or net realisable value.
- **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.
- **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.
Page 5
## **SPALDING HIGH SCHOOL FUND**
## **NOTES TO THE FINANCIAL STATEMENTS (continued)**
## **FOR THE YEAR ENDED 31 MARCH 2025**
## **1. Accounting policies (continued)**
- **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.
- **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.
- **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**
Page 6
## **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.
Page 7
## **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**
Page 8
**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|
|---|---|---|---|---|
Page 9
## **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|
|---|---|---|---|---|
Page 10
**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**|
|---|---|---|---|
Page 12