Charity registration number 1046411 (England and Wales) ST JOHN BAPTIST V A PRIMARY SCHOOL FUND ANNUAL REpoirf AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ST JOHN BAPTIST V A PRIMARY SCHOOL FUND LEGAL AND ADMINISTrATIVE INFORMATION Trustee5 Mr N Crick J Freeman Mr M Moriaty Charity registratlon England and Wales 1046411 Independent examTner Whitings LLP Fenland House 15B Hostmoor Avenue March CambrTdgeshire PE15 OAX ST JOHN BAPTIST V A PRIMARY SCHOOL FUND CONTENTS Page Tru5tees' report Independent examiner's report Statement of financTal activitles Balance sheet Notes to the financial statements ST JOHN BAPTIST V A PRIMARY SCHOOL FUND TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial Statements for the year ended 31 March 2025. The financial statements have been prepared Tn accordance with the accountrng policles set out in note I to the financial statements and comply with the charity's governTng document, the CharitTes Act 2011, FRS 102 'The Financ?al Reporting Standard applicable in the UK and Republlc of Ireland- and the Charlties SORP "A£counting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparlng thelr accounts in accordance with the FinancTal Reporting Standard applTcable in the UK and Republic of Ireland IFRS 1021-. Objective5 and activities Public benefit The trustee5 have paTd due regard to guidance Tssued by the Charity Commission Tn deading what actlVTt?es the charity Should undertake. Financial review Reserves policy It is the policy of the charity that unrestricted funds which have not been designated for a Specific use should be maintained at a level equlvalent to between three and STX month's expenditure. The trustees consider that reserves at thTS level will ensure t￿t, in the event of a significant drop in fund?ng, they will be able to contFnue the chaflty'5 current aCti￿tIeS while cons?deration is given to way5 Tn which addltional funds may be raised. This level of reserves has been maintained throughout the year. structure, governance and managÈmÈnt The charTty is a charity limlted by guarantee. The trustees who served during the year and up to the date of signature of the financial statements were.. Mr N Crick J Fr&man Mr M Moriaty Recruitment ond oppointment of trustees Trustees are appointed at the dlscretion of current trustees. None of the tnjstees has any beneflclal interest in the charity. All of the trustees are members of the charity and guarantee to contribute £1 in the event of a windTng up. The charitys current policy concemTng the payment of trade credltors Is to follow the CBI s Prompt Payers Code Icopies are available from the CBI, Centre Point. 103 New Oxford Street. London WC1A 1 DUI- The chariW5 current policy concerning the payment of trade creditors is to: settle the terms of payment WTth suppliers when agreeing the terms of each transaction" ensure that suppliers are made aware of ihe term5 of payment by inclusion of the relevant term5 in contracts,. and pay in accordance with the charitys contractual and other legal obllgations. Trade creditors of the charity at the year end amounted to £nil. All invoices are paid on receipt. ST JOHN BAPTIST V A PRIMARY SCHOOL FUND TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The trustee5' report was approved by the Board of Trustees. Mr M Moriaty Trustee Date- ST JOHN BAPTIST V A PRIMARY SCHOOL FUND INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST JOHN BAPTIST V A PRIMARY SCHOOL FUND I report tD the truste￿ on my examination of the financial statements of St John Baptist V A Primary School Fund Ithe charrtyl for the year ended 31 March 2025. Responsibilities and basls of report As the trustee5 of the charFty you are responsible for the preparation of the financTal statements in accordance with the requTrements of the Chariti￿ Act 2011. I report Tn respect of my examination of the charity's fynancial statements carried out under section 145 of the Charlties Act 2011. In carwng out my exam7nat70n I have followed the Directions given by the Charity Commission under section 145(511b) of the Charities Act 2011. Independent examiner's statement Your attention is drawn to the fact that the charity has prepared the financial statements In accordance with the relevant version of the Statement of liec05Ttmended Practice applicable to charitles preparing their financial statements in accordance wsth the Financial Reporting Standard applicable in the UK and Republlc of Ireland IFR5 1021 in preference to the Accounting and Reporting by Charitie5: Statement of Recommended Practfce issued on I April 2005 which is referred to in the extant ￿gUlationS but has now been withdrawn. l understand that this has been done in order for the frnancTal statements to PrO￿de a true and fair wew in accordance WTth UK Generally Accepted Accounting Practlce. I have completed my examination. I confirm that no matters have come to my attentlon Tn connection with rhe examination giving me cause to belleve that in any maternal respect". accounting records were mt kept in respect of the charity as req￿red by section 130 of the Charitles Act 2011. the financial statements do not accord wlth those records" or the financial statements do not comply with the applicable requTrements concemTng the form and content of financial statements set out in the Charitie5 {Accounts and RÈportgl Reguiat?ons 2008 other than any reqUI￿rnent that the financial stalements gtve a true and fair wew, whlch Is not a matter considered as part of an Independent examinatTOn. I have no concems and have come across no other matters in connection with the examlnation to which attention Should be drawn In this report in order to enable a proper understandTng of the finan¢Tal statements to be reached. Ben Beech ACA Whitings LLP Fenland House 15B Hostmoor Avenue March camb￿dgeSh1re PE15 OAX Date: ST JOHN BAPTIST V A PRIMARY SCHOOL FUND STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AIARCH 2025 Unrestricted funds 2025 Unrestricted funds 2024 Notes Income from: CharTtable acti￿tieS Investments 63.157 65,119 Total incomè 63,159 65,122 Expenditure on: Charitable actiVTties 50,991 65,255 Total expendlture 50,991 65,255 Net incomellexpenditure) and movement in funds 12,168 (1331 RecontllTation of funds". Fund balances at 1 AprTI 2024 20,452 20,585 Fund balance5 at 31 hlarch 2025 32,620 20.452 The statement of financlal actiiqties Includes all g35ns and losses recognised in the year. All I￿Ome and expenditure derive from continuing attivities. ST JOHN BAPTIST V A PRIMARY SCHOOL FUND BALANCE SHEET AS AT 31 MARCH 2025 2025 Z024 Notes Current a5setS Cash at bank and in hand 32,620 20,452 Met current assets 32,620 20,452 The funds of the charity Unre5trTCted funds 32.620 20,452 32,620 20,452 The finanaal statement5 were approved by the trnstees on ... Mr M Moriaty Trustee ST JOHN BAPTIST V A PRIMARY SCHOOL FUND NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity TnformatTon St John Baptist V A Primary School Fund is a registered charity in ETrgEand and Wales WFth an address of St Johns Baptlst V A Primary School, Hawthom Bank, Spalding. Lincolnshire, PE11 1JQ.. 1.1 Basis of preparati¢)n The financTal statements have been prepared irs accordance wlth the charity's govemTng document. the CharTties Act 2011, FRS 102 'The Financial Reporting Standard appllcable In the UK and Republlc of Ireland" and the Charities SORP "Accounting and Reportlng by Chadties: Statement of Recommended Practlce applicable to charities preparing their accounts Tn accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" The charity TS a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the prowsions in the SORP for charTtles not to prepare a statunent of cash flows. The financ7al statements have deparEd from the Charitie5 (Accounts and Reports) Regulations 2008 only to the èxtent required to provide a true and fair view. This departure ha5 7nvolved following the statement of Recommended Practice for charities applying FRS 102 rather than the vetsion of the Statement of Recommended PractTce which ?s referred to in the Regulations but which has slnts been withdrawn. The finant7al statements are prepared in Sterling, which is the functional currency of the charity. Monetary arrsounts in these finanual Statements are rounded to the nearest E. The financTal siatement5 have been prepared under historical cost convention. The prFncipal accourting poIic7es ad(yted are set out below. 1.2 Golng concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charfty has adequate resources to continue Tn operatlonal existence for the foreseeable future. Thus the trustee5 continue tr) adopt the golng CO¥Tcem basls of accounting in preparing the financial statements. 1.3 Charftable funds Unrestricted fund5 are ava?lable for use at the discretion of the trustees Tn furtherance of their charitable objectives. Restrlrted fund5 are subject to speciflc conditions by donors or grantors as to how thty may be used. The purposes ènd uses of the restricted funds are set out in the notes to the finanaal statements. Endowment funds are subject to Specific condftions by donors that the capital must be maintaTned by the charify. 1.4 Income Income Is recognised when the charity Is legally entTtled to Tt after any performance condTtions have been met. the amounts can be measured reliably. and It is probable that Income will be received. Cash donations are recogni5ed on receipt. Other donat70ns are recogn75ed once the charity has been notifyed of the donation, unles5 performance condltions require deferral of the amount. Legacies are recognised on recelpt or otherwTse if the charity has been notif3ed of an iM￿ndIng distrlbution, the amount is known, and receipt is expected. If the amount Is not known, the legacy is treated as a contingent asset. ST JOHN BAPTIST V A PRIMARY SCHOOL FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2025 Accounting FK)licie5 (Continued) 1.5 ExpendTture Expenditure is recognised once there is a legal or constructive obligatlon to transfer economic bwefit to a thTrd party, it is probable that a transfer of economic benefits WTII be required in settlement, and the amount of the obligation can be measured rellably. Expenditure TS classified by actTvIty- The costs of each activity are made up of the total of direct costs 3nd shared costs, including support costs Involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs whlch contribute to more than one activlEy and support costs whlch are not attributable to a single actiVTty arg apportioned between those actlVTties on a basis consistent with the use of resources. Cerrtral staff costs are allocated on the basis of tlme 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, deposits held at call with banks, other short.term ITquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts ¥e shown wthTn borrowngs in current ITabilTties. Basic frnancial asset Basic financial assets, which Include debtors and cash and bank balances, are initially measured at transaction prlce including transactton Costs and are subsequently carried at atnortised cost 1SSTng the effective interest method unless the arrangement constTtutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classTfied as receivable wthin one year are not amortised. B05ic financial liabilities Bas7c financial liabilities, including creditors and bank loan5 are initially recogni*d at transaction price unless the arrangement constitutes a fynancing transact70n, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. FinancTal ITabllltles classified as payable within one year are not amortised. Debt Tnstruments are subsequently carried at amortlsed cost. using the effectlve Tnterest rate method. Trade credltors are obligations to pay for gO(￿S or services that have been acquiied in the Ordin￿ course Of operations from supplier5. Amounts payable are classffied as current liabT17tie5 if payment Is due within one year or less. If not, they are presented as nonwcurrent liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised c05t using the effective interest m&thod. Derecognition of ftnoncial liabilFties Financial liabTlitie5 are derecognised when the charity's contractual obllgations expire or are discharged or cancelled. Crftical accounting estlmates and judgèments In the application of the charity'5 accountlng policies, the trustees are required to make judgements. estimates and assumptions about the carrytng amount of a55ets and Ilabilities that are not readily apparent from other sources. The estimate5 and associated assumptions are based on hTStorical experlence and other factor5 that are considered to be relevant. Actual results may dTffer from these estimates. The estTmates and underlying assumptions are reviewed on an ongoing basi5. Revisions to accounting estimates are recognised Tn the period in which the estimate is revised where the revision affects only that period, or Tn the perTod of the revi570n and future periods where the revfision affects both current and future periods. ST JOHN BAPTIST V A PRIMARY SCHOOL FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 IAARCH 2025 Income from charitable acti¥itl05 Unrestricted Unre5trlcted funds funds 2025 2024 Charity activitles Conlribution towards 5chth)I dinner5 and clubs 63,157 65,119 Incomè from Tnvestments Unrestricted Unrestricted funds funds 2025 2024 Bank Interest receivable Expendtture on charftable activities Unrestricted Unrestricted funds funds 2025 2024 Dvrect costs ActlvTty and coTrsumable 50,991 65,255 Trustee5 Nt)ne of the trustees (or any person5 connected with them) received any remuneration or benefits from the charity durTng the year. Taxatvon The charity is exempt from taxation on 7ts artivities because all Its income is applied for charitable purposes. ST JOHN BAPTIST V A PRIMARY SCHOOL FUND NOTES TO ThE FINANCIAL STATEhlENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted funds The unrestrTCted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific condTtions by (lonors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specif1¢ purposes. At 1 April 2024 Incoffling resources Resources At 31 March expended 2025 General funds 20,452 63,159 (50,991 32,620 Previous year: At 1 April 2023 Incoming resources Resources At 31 March expended 2024 General funds 20,585 65,122 165,2551 20,452