SPALDING HIGH SCHOOL FUND CHARITY NUMBER 1043903 STATEMENT OF ACCOUNTS for the year ended 31 MarGh 2026 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 2026 INDEX Page Annual Rgport Independent Examin&rs Report Statement of Financial Activities Balancè Sheet 5t011 Notes lo the Financial Slalemenls
SPALDING HIGH SCHOOL FUND ANNUAL REPORT for the year ended 31 March 2026 The Spalding High School Fund is a registered charity No. 1043903. Its address is Spalding High School, Slonegate, Spalding, Lincolnshire. PE112PJ. The oblect of th8 charity is lo advancg the education of tho 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 Chaimian of the Govemors and the Chairman of Finance shall be the Adminislralors of the Fund with the Schools Bursar acting In an exècutive capaclty in the doily 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 Morch 2026.. Mrs. M. Anderson Mrs D Mulley Mr P Barks Headmistress Chair Df Governors Chair of the Flnance Committee Mr A Fragale (Resigned 31 August 20251 Mrs R Fox, who is the School Bursar Manager of Spalding Hlgh School, acts in an executive posrtion on a day lo day basis. The bankers are Lloyds Bank Pl¢ of Hall Place, SpaldSng, Lincolnshirè, PE11 1BD. The Indepèndent Examiner is K J M8ggs, FCA . Ho&km8n Way, Spalding, Linc8. PE11 3HE. During the year under rèview, there have bggn trips to Italy, B&lgium, Iceland and Austria,. fundraising event5 have taken place including Easter Extravaganza, Children in Need, Frfght Night, Macmillan Coffee Morning. Agape Food Bank Collection, House Charity Day, Staff Karaoke, Christmas Disco and Red Nose Students have been very active in their charitable collecting and conducted their fundraislng in a variety of imaginative ways, we now sponsor three guide dogs and Other funds w8r8 raised for a Dom8sli¢ Abuse Charity, The Llttle Princess Trust, Don't Lose Hope, RSPCA 8nd others. Funds havg been forwarded to the relevant charities on behalf of our generous students and families. Th8 fund has purchased a small nurnber of items that were not funded by Local Aulhorty. The Trustees consider that all of th8 above a¢tlvities show that the fund operates in accordance with the Charity Commlss5ons' general guidancg 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 havo been adequately m(tigated where necessary. All Irlps and activities are don8 through the school and undenNritten only by the firm. The charity holds funds hold as Custodian Trustee on behalf of Lincdnshlre County Council and the school's pupils in respect of the school canteen. No transactions are included in the Statements of Financial Activities bul the balance8 ar8 shown in notes 10 and 11. Trustee This report was approved by the Trustees on . ....Vuno... 2026. Mrs. M. Anderson Headmistress Page 1
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF SPALDING HIGH SCHOOL FUND I report lo the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2026, which are sel out on pages 3 10 11. Responslbilities and basis of report As the charlty's trustees you are responsibl8 for the preparallon of the accounts in accordance wth the requlromenl of the Charities Act 20111'lhe Acl'l. I report in respect of my examination of the chariws accounts carrler out under section 145 of thè Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commlssion under section 14515llbl of the Act. Indepondent èxamlnerfs statsmant I have completed my examination. I confirm that no material matters have come lo my attention in connection wllh thg examination giving me causg lo believe that in any malèrlal 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 wth those records., or 3. the accounts do not comply with the applicable requirements concèrning the fomi and content of accounts set out in thè ChartieS IAc¢ounls and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and fair view. which is not a matter considered as part of an independent examinats'on. I have no concerns and have come across no other mallers in connoction with the examination lo which attontion should be drawn in Ihls report in order lo enable a proper underslandlng of the accounts to be reached. K. J. Maggs Chartered Account Spaldlng . 2026 Page 2
SPALDING HIGH SCHOOL FUND STATEMENT OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 31 MARCH 2026 2026 Unrestricted Re$trlcted Fund Fund$ 2025 Notes Total Total Income from.. Grants and donations Ch8ritable aclivilles Investment income 152 74,507 16 1,061 247,118 1,213 321.625 16 708 316.041 16 Total Income 74.675 248,179 322,854 316,765 Expendlture on: Charitsble act4vilie8 75,946 251,S15 327,461 297.271 Total expanditure 75.946 251,515 327,461 297,271 Lossès on investment assols Net expanditure 11,271) 13,3361 14.6071 19,492 Transfers b•twa8n funds 7,182 7,182 Net movament to funds 18,4531 3.846 14,607) 19,492 Roconciliatlon of funds: Fund balances brought fowrd 44.337 23,193 67,530 48,038 Fund balan¢os carried forward 35,884 27,039 62,923 67,530 The notes to the accounts set oul on pages 5 10 11 form an integral part Df these accounts Page 3
SPALDING HIGH SCHOOL FUND BALANCE SHEET AT 31 MARCH 2026 2026 Unrestricted Re$trl¢t¢d Fund Funds 2025 Notes Total Total Current assgts Debtors Bank and cash balances 1,692 93,765 25,544 88,221 27,236 181,986 2,197 194,639 10 95,457 113,765 209,222 196,836 Creditors Amounts falling due withln one yea 159,5731 186,7261 1146,2991 1129,3061 Nèt Current assets 35.884 27,039 27.039 62,923 67,530 67.530 35,884 62,923 Income Funds Reslricled Funds Unrestricted Fund 13 14 27,039 27,039 35,884 62,923 23,193 44.337 35,884 35,884 27,039 67,530 trh Theso s181ements were approved by th8 Trustees on by.. 2026 and signed on their beha Mrs. M. And•rson Headmistress MrP Barks hair of the Finance Committee MLS o Mu•tsl of GoVttsSa£S The notes lo thg accounts set out on p8ges 5 to I I form an integral part of these accounts Page 4
SPALDING HIGH SCHOOL FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 1. Accounting pollcles The charity is an unlncorporaled charity registered in England and Wales with the Charity Commission with the registration number 1043903. The chariws registered address is Stoneg&te, Spalding, Lincolnshire, PE112PJ. The principal accounllng pollcles adopted in the prèparatlon of the financial statements ar8 sgt out below. al The charity constitutes a public benefit entity as defined by FRS102. The financial statements have been prepared in accordance with the Slatemant of Re¢ommended Practice: Accounting and Reportlng by Charities preparing thelr accounts in accordance th the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 issued in Octobèr 2019 and the Charilltss Act 2011. b) The preparation of the financlal statements requires management lo make judgements, estimates and assumpllons that affect the arllounls reportod. These estimates and judgemgnts are continually reviewed and are b88ed on axperience and other factors, including expectations of future events that are believed lo be reasonable under the circumstances. Revisions lo accounting eslimales are recognisèd in the period in which the estimate is revised rf the revision affects only that period or in the period of the revision and future periods If th8 revision affects both currènt and Cul off - The only esllmalion applied in th&se accounts regarding cut off is concerning accruals and prepayments where an eslimalion of the costs relating to the relevant period were applied when rol81ing lo a different period. ¢} Al Income is recognised in the ststement of financial aclwilies when the conditions for receipt have been mel, the amount can be measured reliably and It is probable that the incomo will be received Where a claim for repayment of income tax has or will be made, such income is grossed for the lax recoverable. Donations and all other recelpts from fundraising and events are reported gross and aro accounted for on a rece5vable basis. Investment income is a¢counted for in the p8rlod in which the charity is enllll8d to receipt. dl Expendllure is included in the slalemènt of financial activities on an 8¢cruals basis and is allocated to a particular fund where the costs relate directly lo that fund. Expenditure is calegorised under the headings recorded in the statement of financlal activities and has been allocated as detailed below.. Charitable activities include the costs of the activities defined by the charitys aims for the benefit of the persons $ed In Ihg Charity objgcts. Expendiluro 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 lo the funds or the amount which is actually realised. Where a value cannot be determined, or a reasonable estimate applied, the glft Is not included in the ststemenl of flnanclal advi11gS. n Debtors and creditors with no staled interest rate and receivable or payable within one yoar a recorded at transaction price. Any losses arising from impairment are recognised in expenditure. g} Reslricled funds are funds which are lo be used in accordance with specific reslriclions 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. Page 5
SPALDING HIGH SCHOOL FUND NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2026 1. Accountlng policies {contlnu•d h) Unrestricted funds are donations and other income received or generated for the objectives of the charity for use al th¢ discretion of the Trustees In the furtherance of the general objects of the charity and which have not been designat8d for other purposes. 11 students wlll from timè lo time Brrange 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 lo the relevant charity when all or a majoTity of the pupils, money has been roceived. Where a collection has commenced but has not been concludgd the money collgcted and r8maining to bo distributed Is deferred until the next accounllng period. Throughout the year various trips of a social and educational nature have been arranged. Where the Students have been Ljnable to fi'nance thes8 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 11 The financl81 statements have been propared on a going concern basis as the trustees beliève that no material uncertainties exist. The Iruslees have considered the level of funds held and the expected level of income and expenditur6 for the next 12 months from authorising the financial 2. Income from grant$ and donatlons 2026 Restrictsd Funds Unrestrlcted Fund 2025 Total Total Donations- Gift aid donations Gift for Excellence Scheme PE Fundraising Prize giving Other donations 152 152 146 120 686 375 375 121 321 152 1,061 1,213 708 3. Income from ¢harltable actlvltles 2026 Restri¢tod Fund$ UnTestrict•d Fund 2025 Total Total Sales School Trips Fund raising aclivS1ies and events Charitable Collections 32,341 4,954 231,778 5,932 4,454 37,295 231,778 48,098 4,454 37,763 194,070 77,540 6.668 42,166 74,507 247,118 321,625 316,041 4. Investment in¢om8 2026 Restrl¢ted Funds Unre$trl¢tad Fund 2025 Total Total Bank Inl8rest 16 16 16 Page 6
SPALDING HIGH SCHOOL FUND NOTES TO THE FINANCIAL STATEMENTS {¢ontinued) FOR THE YEAR ENDED 31 MARCH 2026 5. Expendlture on charitable actSvltlos 2026 Unrestricted Rgstrlctod Fund Funds 2025 Total Total Cost of sales School Trips Charitabl8 collections Expenditure for school and students 33,789 5,092 234,079 4,454 7,890 38,881 234,079 4,454 50,047 36,161 191,361 7,250 62,499 42,157 75,946 251,515 327,461 297,271 6. Charltable Collections 2026 2025 Action Aid Agape Children In Need Macmillan Cancer Support Red Nose Day Other charities 582 82 860 261 812 578 700 5,026 2,803 4,454 7,250 7. Expanditure for the school and the students The expenditure covers items of equipment needed by the school Sncluding cornputers and other types of equipment. 8. Tru$t8es remuneration and 8xpenses None of the Trustees received any remuneration or expenses during ailher the current year under review or the previous year. 9. Debtors 2026 Unrostricted Restri¢tod Fund Funds 2025 Total Total Balances between funds Inole11) Prepayments and accrued Income 1,692 25.544 27,236 1.867 330 1,692 25,544 27.236 2,197 Page 7
SPALDING HIGH SCHOOL FUND NOTES TO THE FINANCIAL STATEMENTS {¢ontlnued) FOR THE YEAR ENDED 31 MARCH 2026 10. Bank and ¢a$h balances 2026 unrtricted Restricted Fund Funds 2025 Total Total Bank current a¢counl Prizg fund account Canteen account 93,765 60,197 2,877 25,147 1 S3,962 2,877 25,147 177,798 3,177 13,664 93,765 88,221 181.986 194,639 11. Creditors 2026 Unrestricted Restricted Fund Funds 2025 Total Total Amounts due to third partles Balances between funds Inote91 Balance hald on behalf of students rè Canteen Balance held on beha of Lincolnshire County Council re Canteen Balance held on behalf of Third Party re Canl8en Deferred incoming resources Book deposits 643 25,544 19 1,692 662 27,236 303 1,867 18,855 18,855 8,987 2,558 2,558 4.601 3.655 3.655 8,318 83,203 1,812 91.521 1,812 110,818 2,730 59,573 86,726 146,299 129,306 12. Doferrad incoming resources 2026 Donatlons 2025 Total Trlps Total Balance al 1 April 2025 Amount released to incomlng resoijrces Amount deferred in the year 101,384 1101,3841 82,051 467 14671 1.152 101,851 1101,851 } 83,203 50.687 150,6871 101,851 Balance al 31 March 2026 82,051 1,152 83,203 101,851 Page 8
SPALDING HIGH SCHOOL FUND NOTES TO THE FINANCIAL STATEMENTS (continuod) FOR THE YEAR ENDED 31 MARCH 2026 13. Summary of Restricted Funds In¢omlng I loutgoingl r•source$ Transfers I investm¥nt gains At 1st April 2025 At315t March 2026 Art Department Debate Club Drama Department Fitness and LeSsure Fund Geography Squad Gift for Excellence Scheme Locker Fund Music Department Physical Education Departsnent Prue Fund 1,400 53 1,934 3,651 157 1701 153} 1908} 1,330 1,028 3,651 1S7 115 14,417 4,423 425 674 10,345 3,484 {559) 4,072 939 425 1,495 1.495 23,193 3,846 14.2091 27,039 Book Deposits Charitable Collections Duke of Edlnburgh Awards Staff gifts Trips and Visits 4.209 1694} 22 122} 2,301 {2,3011 23,193 13,336 7.182 27,039 Transfers out of restricted funds and Into the General Funds are required to Ile up monies spent by the General Fund on bghaW the restricted fund. Current assets Invastments Llabllltles Ngt a$$ets Art Department Drama Department Fitness and Leisure Fund Geography Squad Gift for Excellènce Scheme Locker Fund Music Department Prize Fund Physical EdUcaon Department Book D8posils Charitsble Colle¢tlon8 Trips and Visits 1,330 1,026 3,651 157 115 14,417 4,423 3,206 425 1,812 1,152 82,051 1.330 1,026 3,651 157 115 14,417 4,423 1,495 425 11,7111 11,8121 11,1521 182.0511 113,765 86,726 27,039 Page 9
SPALDING HIGH SCHOOL FUND NOTES TO THE FINANCIAL STATEMENTS Icontlnued) FOR THE YEAR ENDED 31 MARCH 2026 13. Summary of Restricted Funds IntInued) Where a departrnenl has raised funds for that partlcular department the funds are kept separate as abovè. The different funds are named above. If a fund is used for the spec5flc purpose but th8 required expènditure exCeS the monies available the deficit is funded by the General Fund. Restricted funds described above as trips 8nd visits, Summer Fair, Charitable collections, 6th FLirm Leaver's Ball and Christmas Paty wll usually result in a deficit rather than surplus. The pupils are not charged more than the expected expenditure for trips bul on occasions this may happen and if the excess exceeds £1 per pupil then It Is repaid. Excesses are also evident where in previous accounllng periods Gènèral Funds h8vè b8en used lo cover deficits but the parents later make a paymant for the trip then the funds are transferred back. Any surplus on the 6th Form Leaver's Ball or Sumrner Fair IS made available lo the 6th Fom) to spend. othenlse, any surplus or deficit is transferred lolfrom the General Fund. The Duke of Edinburgh Awards fund is monies raised for the purpose of assisting pupils with the afoT&menlioned award scheme, any defictt is funded by the Unreslri¢led funds. 14. Unrestricted Fund During the year, funds have been raised for the gener81 benefit of the school. It is the trustees opinion that funds raised for general purposes should be kept to a minimum in order lo focus the charity on the specific needs of the school. The general fvnds are available for unexpectod urgent requirements and administration of the fund. 15. Control No one trustee or group of ITuslees has a domlnant control of Ihg charity- 16. Relatad Partlos Mrs. M. Andgrson IH8admislressl is also a trustee of Spaldlng Hlgh School Par8nts and Staff Association IPTA). During the year, the PTA did not donate {2025- no donalionsl towards specific projects. Page 10
SPALDING HIGH SCHOOL FUND NOTES TO THE FINANCIAL STATEMENTS l¢ontinued) FOR THE YEAR ENDED 31 MARCH 2026 17. St•tsmant of Financlal A¢tlvltl•s - Funds Comparatlvo 2025 Restrlcted Unre$trl¢ted Fund Funds Totsl Income from Donations Charitable aclwlties Investments 487 98,305 16 241 217,736 708 316,041 16 Total income 98,788 217,977 316,765 Expenditure on Charitsble a¢liviti8s 75.909 221,362 297.271 Total expondlturn 75,909 221,362 297,271 Losses on investment assets Transfers botween funds 121 13,383 121 113,3831 Net expenditur• 9,496 9,996 19.492 Page11