Charity riStratiOn number 1046411 (England and Wales) ST JOHN BAPTIST V A PRIMARY SCHOOL FUND ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
ST JOHN BAPTIST V A PRIMARY SCHOOL FUND LEGAL AND ADMINISTRATIVE INFORAIATION Trustèes Mr N Crick J F[rnan Mi M Moriaty Charity registratlon England and Wale5 1046411 Independent examlner Whitings LLP Fenland House 15B Hostmoor Avenue March Cambridgeshire PE15 01
ST JOHN BAPTIST V A PRIMARY SCHOOL FUND CONTENTS Page Trustees, report Independent examiner's report Statement of financial actTVtties Balance sheet Note5 to the financial statements
ST JOHN BAPTIST V A PRIMARY SCHOOL FUND TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The trustee5 present their annual report and financial statements for the year ended 31 March 2024, The flnancial statements have been prepared In accordance with the accounting policies set out in note 1 to the fTnancial statements and cotTTrply with the charitys governing document, the Charitie5 Act 2011, FR5 102 'The FIFiancial Reportlng standard applicable in the UK and Republlc of Ireland- and the Char7ties 50RP 'A£countin£ and Reportlng by CharitTes.' Statement of Recommended *actice applicable to charities preparing the7r accounts in accordance with the Financial ReportTng Standard applicable In the UK and Republic of Ireland (FR5 1021". Objectlve5 and actlvttiÈs Public benefit The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activit1È5 the char7ty should undertake. Flnandal revlew Reserves policy It is the policy of the charity that unrestricted funds whlch have not been designated for a specific use should be malntained at a level equivalent to between three and six month's expenditure. The trustees consider that reserves at this level Mll ensure that, Tn the event of A slgnificant drop in funding, they will be able to continu the charity's current activitie5 while considerat?on is gfven to ways in whSch additional fd5 may be ra7sed. This level of reserves has been maintained throughout the year. Structure. governance and mana¥ement The charity TS a charity limlted by guarantee. The trustees who served during the year and up to the date of 57gnature of the financial statements were". Mr N Crick J Freeman Mr M Moriaty RecniTtment and appointment of trustees Tntstees are appointed at the discretion of current trustees. None of the tru5tee5 has any beneficial 3nterest Tn the charlty. All of the trustees are members of the charTty and guarantee to contribufe £1 in the event of a winding up. The chartty's current pollry concèrning the payment of trade creditors 15 to follow the CBI s Prompt Pay@rs Code (Copi are avallable from the CBI, Centre PoTnt, 103 New Oxford Street, LoFKlon WCIA 1 DU). The charit$ current po17cy concernlng the payment of trade creditors is to- settle the terFns of payment with suppl?ers when agreeing the terms of each transaction. ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms In contracts,. an pay in accordance with the charfty's contractual and other Ial obligations. Trade creditors of the charity at the year end amounted to £nil. All involces are paid on receTPt.
ST JOHN BAPTIST V A PRIMARY SCHOOL FUND TRurEEs. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The trustees, report was approved by the Board of Trustees. Mr M Moriaty Trustee Date-
ST JOHN BAPTIST V A PRIMARY SCHOOL FUND INDEPENDENT &YAMINER'S REpoKr TO THE TRUSTEES OF ST JOHN BAPT15T V A PRIMARY SCHOOL FUND I report to the trustees on my examinatTOn of the financial statements of St John Bapt15t V A Primary School Fund (the charity} for the year ended 31 March 2024. Responsibilitles and basis of report A5 the trustees of the charity you are responsible for the preparation of the flnancial statements in accordance with the rquirements of the Charides Act 2011. I report 7n rpect of my examTnation of the charity's flnanclal statements carried out under section 145 of the Charitles Act 2011. In carwng out my examinat70n I have followed the Directions given by the Challty Commlsslon under sertion 14515llb) of the Charities Act 2011. Independent examiner's stat•ment Your attention is dravm to the fact that the charity has prepared the financlal statements in accordance with the relevant version of the Statement of RecomFllended Practice applicable to chariti preparing their financTal statements in accordance with ihe Financial Reporknng Standard applicable In the UK and Republic of Ireland (FR5 1021 in preference to the AccountTng and Reporting by CharitTes." Statement of Recommended Praclice 755ued on 1 April 2005 which is referred to in the extant regulatlolls but has now been withdrawn. l understand that this has been done in order for the financial statements to provide a true and fair vlew In accordan with UK Generally Accepted Accounllng Practice. I have completed my examination. I confirm that no Tnatters have come to my attention ITh connectTon with th- examination giwng me causè to believe that in any material respect: accounting record5 were not kept Sn respect of the charity as required by sectTOn 130 of the Charities Act 2011. the financial statement5 do not accord with th0 records. or the financial statements do not comply with the applicable requirement5 concernTng the form and content of financial Statements set out in the Charft5es (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements glve a true and fair view. which is not a matter considered a5 part of an independent examination. I have no concerns and have cotne across no other matters in connection with the exam7nation to which attention should be drawn in thTS report in order to enable a pmper ynderstan(*ng of the flnancial Statements to be reathed. Ben Beech ACA Whitings LLP Fenland House 15B Hoslmoor Avenue March Cambridgeshlre PE15 OAX Date: f7<>Z
ST JOHN BAPTIST V A PRIMARY SCHOOL FUND STATEMENT OF FINANCIAL AcfNrriES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 UnrestrTCted funds 2024 Unrestricted funds 2023 Notes Income from". Charitable activitie5 Investments 65,119 46,624 Total Income 65,122 46,624 Expendlture on: Charitable activitles 65,255 46,612 Total Èxpenditure 65,255 46.612 Net income/(expÈnditure) and movement in funds (133) 12 Reconcllfatlon of funds: Fund balance5 at 1 April 2023 20,585 20,573 Fund balances at 31 March 2024 20,452 20,585 The statement of financial activities includes all galns and losses recognised in the year. All IOrne and expenditure derive from continuing activities.
ST JOHN BAPTIST V A PRIMARY SCHOOL FUND BALANCE SHEEr AS AT 31 MARCH 2024 2024 2023 Notes Current assets Cash at bank and in hand 20,452 ZO,585 Net current assets 20.452 20,585 The fund5 of the charity Unrestricted funds 20,452 20,585 20,45Z 20,585 The financlal statements were approved by the trustw on . Mr M MoriBty Trustee
ST JOHN BAPTIST V A PRIMARY SCHOOL FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policles Charity informatlon St John Baptist V A Prtmary School Fund is a registered charity Tn England and Wales wath an address of St Johns BaptTSt V A Primary School. Hawthom Bank, SpaldTng, L7ncoinshire, PEI 1 IJQ. 1.1 Ba515 of preparat2on The financial statements have been prepared Tn accordance with the charitls governing document, the CharitTes Act 2011, FRS 102 "The Financial Reportlng Standard applicable in the UK and Republic of Ireland. and the Charities SORP 'Acc¢)unting and Reporting by Chartt7e5: Statement of Recommended PractTce applicable to charities preparing their accounts In accordance with the F?nancial Reporting Standard applTcable in the UK and Republic of Ireland {FRS 1021-. The charity 15 a Public Benefit Entity as (kfined by FRS 102. The charlty has taken advantage of the provisions in the SORP for charttfes not to prepare a Statement of cash flows. The finanaal statements have departed from the Charities (Accounts and Reports) ReguiatTons 2008 only to the extent requTred to provide a true and fair view. This (ieparture has involved followlng the Statement of Recommended Ftactice for charTties applying FRS 102 rather than the version of the Statement of Recommended Practrce which Is referred to in the Regulation5 but which has since been withdrawn. The financial staternents are prepared ?n sterling, whTch 15 the functional currency of the charity. Monetary amount5 in these fFnancial statements are rounded to the nearest £. The financial statement5 have been prepared under historfcal cost convention. Ihe prFncipal accountlng polici adopted are set (wt below. 1.2 Gofng concern At the tlme of approwng the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to contTnue in operatlonal existence for the forÈseeable future. Thus the truste continue to adopt the going concern basis of accountTng in preparing the financlal statements. 1.3 Charitable funds Unrestricted funds are awailable for use at the discretion of the trustee5 in furtherance of their charitable objectives. RestrTCted funds are subject to specific conditions by donors or grantors as lo how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial ststements. Endowment funds are subject to specific conditions by donor5 that the capital must be maintained by the charity. 1.4 Income Income is recognised when the charity is legally entTtled to Tt after any performance condTtTons have been met. the amount5 can be measured reliablyj and it Is probable that incorne will be received. Cash donations are recty4nised on receipt. Other donat?ons are recognised once the charity has been notified of the donation, unless performance condTtions require deferral of the amount. Legacies are recognTsed on receipt or othetwise if the charity has been notified of an impending distribution, the amount is known. and receipt Is expected. If the amount Is not known, the legacy is treated a5 a contingent aet.
ST JOHN BAPTIST V A PRIMARY SCHOOL FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policles (Continued) 1.5 Expendlture Expenditure 15 recognised once there is a legal or constructive obligation to transfer economic befit to a third party, Tt Is probable that a transfer of economic benefits will be required Fn settlement, and the amount of the obligatTon can be measured reliably. Expenditure is classifled by activity. The costs of each activity are made up of the total of direct Costs and shared costs, including Support costs Involved in undertaking each activpty. Direct costs attributable to a single activity are allocated directly to that activity. Shared c05ts which contribute to more than one activity ar support costs which are not attrfbutable to a single actiVTty are apportioned between those activitie5 on a basis consistent with the use of resources. Central Staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposTts held at cau with banks, other short-temi liquid investments With tsriginal maturities of three months or less, and bank overdrafts. Bank overdrafts ¥e shown thin borrowTngs in cuent liabilitTes. Basic ffnontial assets Basic ITnandal assets, which include debtors and cash and bank balances. are Inltlally measured at transactlon price including transaction cost5 and are Subsequently carried at amortlsed Cost using the effective Interest rnethod unle55 the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts dTscounted at a market rate of Interest. Financial assets classified as receivable withln one year are not amort15ed. Basic finonciol liobilitTes Ba5TC flnancial liabilitles. Tncludlng creditor5 and bank loans are initially recogrrised at tran5act70n prTce unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments dlscounted at a market rate of interest. Financial liabilitie5 cla55Tfied as payable WTthin one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligatTOllS to pay for goods or servlces that have been acquired Tri the ordinary course of oporation5 from suppliers. Amount5 payable are classyfled as current liabilities If payment is due within one year or less. If not, they are prented as noTrcurrent ITabilitles. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost uslng the effectTve Interest method. Derecognition of financval liabilities Financial liabillties are derecognised when the charity's contractual obligations expire or are discharged or cancelled. Crltlcal accounting estlmate5 and Judgements In the application of the charity's accountlng policTes, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent frorn other source5. The estimates and associated assumptions are based on historlcal experience and other factor5 that are considered to be relevant. Actual results may differ from these e5tTmates. The estimates and underlying assumptions are reyrewed on an ongoing basis. Rev75ions to accounting estimates are recognised in the period in which the estimate is rewsed where the revision affects only that period, or in the period of the revision and future perTods where the revlsfjon affects both current and future periods.
ST JOHN BAPTIST V A PRIMARY SCHOOL FUND NOTES TO TrIE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from charitable actTvitie5 UnrestrICt Unrestrirted fund5 funds 2024 2023 Charlty attÉvltles Contributions towards school dfnners and clubs 65,119 46,624 Income from investments Unre5trlcted Unrestricted funds funds 2024 2023 Bank Tnterest receivable Expenditure on charitable actlvltiÈs Unrestricted Unre5trirted funds fund5 2024 2023 Direct Costs ActlvTty and consumable 65,255 46,612 Trustees None of the trustees lor any perxons connected with them) received any remuneration or benefits from the charity during the year. Taxation The charity is exempt from taxation on Its activities because all Its Income is applied for charitable purposes.
ST JOHN BAPTIST V A PRIMARY SCHOOL FUND NOTES TO ThE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted funds The unrestricted funds of the charity cornprise the unexpended balances of donatTt)n5 and grants whTch are not subject to Specific conditions by do[r5 and grantois as lo how they may be used. These include designated funds which have been set aside out of unrestricted fund5 by the trustees for specific purposes. At 1 April 2023 Incoming re%>urces Resources At 31 March expènded 2024 General funds 20,585 65,122 (65,255) 20,452 Previous year: At 1 April 2022 Incomlng resources Resources At 31 March expended 2023 General fund5 20,573 46,624 146,612} 20,585