CHARITY REGISTRATION NUMBER: 1051221 Richmond Methodist Primary School Fund Unaudited Financial Statements 31 March 2024 AN CRISOP A Chartered accountants Unit 1, Borough House Business Centre, 5 Borough Road, Richmond, North Yorkshire DL10 4SX TAN Richmond Methodist Primary School Fund Financial Statements Year ended 31 March 2024 Page Trustee's annual report Independent examiner's report to the trustee Statement of financial activities Statement of financial position Notes to the financial statements The followlng pages do not form part of the financlal statements Detailed statement of financial activities 12 Notes to the detailed statement of financial activities 13 Richmond Methodist Primary School Fund Trustee's Annual Report Year ended 31 March 2024 The trustag presents his report and the unaudited financial statemants of th& charity for the year ended 31 March 2024. Referen¢e and admlnlstrative detalls Reglstered charity name Richmond Methodist Primary Schocl Fun Charlty reglstration number 1051221 Principal office Richmond Methodist Primary School Fund Dartington Road Richmond North Yorkshirg EIL10 7AW The trustee J Linsley Independent examlner R l Grlsop FCA Unil 1, Borough House Business Centre, 5 Borough Road, Richmond, North Yorkshire DL10 4SX structural governanc8 and managemant Ths governing document of the charity was adopted on 13th September 1995. The charity is governed and managed by Ihe Irustee{s). Objectives and actlvltles The objects and aclivilies af the charity are to advance the education of the Richmond Methodist School by assisting in the provision of funding and services for the Richmond Methodist Primary School. Achlevements and perforniance The charity has achieved ils objecllves and actlvilies this year. Flnancial ravigw The charity has a funds policy of three months expenditure and this is currently being met comfortably. The board are happy with the financial position of the charity. Richmond Methodist Primary School Fund Trustee's Annual Report (continued) Year ended 31 March 2024 The truslee's annual report was approved on 4 June 2024 and signed on behalf of the board of trustees by.. JLin Richmond Methodist Primary School Fund Independent Examiner's Report to the Trustee of Richmond Methodlst Prlmary School Fund Year ended 31 March 2024 I report to the tTUSte9 on my exarrination of the financlal statements of Rlchmond Methodlst Prlmary School Fund {'the charitY) for tha year ended 31 March 2024. Responsibilities and basis of report As the trustee of the charlty yau are responsible for the preparation of the financial statements in accordance with the requirements of lh8 Charit16s Act 2011 ('th6 Act')- I report In respect of my examination of the charivs financial statements carried out under section 145 of the 2011 Act and in carrying out my oxamination I have followod all the applicable Diractions given by the Charty Commission under section 145(51{b} of the Act. Independent examlne¢s Statement I have complat8d my 8xamination. I conflrm that no materlal matters have come to my attenlion In connectlon wlth the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by sedion 130 of tlie Act,, or the financial statements do not accord wllh those records., or the financi81 statements do not comply with the applicabl8 requirements concerning the form and content of accounts s8t out in th& Charill8s {Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and falrf vlew 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 accounls to be re8ched. R I Crisop FGA Ind8pend6nl Examiner Unit 1, Borough House Business Centre, 5 Borough Road, Richmond, North YDrkshir8 DL10 4SX 4 Jung 2024 Rlchmond Methodist Primary School Fund Statement of Financial Activities Year ended 31 March 2024 2024 Unrestricted funds Total funds 2023 Total funds Notè Income and endowments Donations and legacies other Income 1,158 35,837 36,995 1,158 35,837 36,995 1,260 30,594 31,854 Total Income Expenditure Exp8ndilur@ on charitable activit18S Total oxpendlture 32,522 32,522 32,522 32,522 28,897 28,897 Net income and net movement In funds 4,473 4,473 2.957 Reconciliation of funds Total funds brought forward Total funds carrled forward 13.605 18.078 13,605 18,078 1Q,648 13,605 The stalement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. Tho notès on pagèm 6 to 10 form part of thgsa flnanclal statèmonts. Richmond Methodist Primary School Fund Statement of Financial Position 31 March 2024 2024 2023 Note Current assels Cash at bank and in hand 18,078 18,078 18,078 13,605 Net current assets 13,605 13,605 Total assels less current Ilabllltles Funds of the charlly Unr8slricled funds 18,078 18,078 13,605 13,605 Total charlly funds 11 These financial statements were approved by the board of trustees and authorlsed for issue on 4 Jun8 2024, and are signed on behalf of the board by: J Linsley Trust6 The notes on pages 6 to 10 fomi part of these financial statements, Richmond Methodist Primary School Fund Notes to the Financial Statements Year ended 31 March 2024 General information The charity is a public b8nefit entity and a regisler8d charlty In England and Wales and Is unincorporated. Th@ address of the principal office Is Richmond Methodist Primary School Fund, Darlington Road, Richmond, North Yorkshire, DL10 7AW. Slatement of complianco These financial statements have been prepared in complianc8 With FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appllcable in the UK and Republic of Ireland IFRS 102) {Charitias SORP (FRS 10211 and the Charities Act 2011. Accounting pollcles Basis of preparatlon The financial stalements have been prepared on the historical cost basls, as modified by the revalualion of ￿rtain financial assets and liabilltles and investment prop8rli8s measured at fair value through income or expenditure. The financial statements are prepared In sterting, which is the functional currency of the entity. Going concem There are no material uncertainties about the charity's abllity to continue. Judgements and key sources of estlmatlon uncertainty The preparation of the financial statements requires managemenl to make judgements, estimates and assumptlons Ihat affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other f8clors, including expectstions of future events that 8re believed to be reasonable under the circumstances. Fund accounting Unrastricted funds are available for use at Ihe discrelion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarkad by the trustee for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through Ihe temis of an appeal, and fall into c>n8 of two sub-classes- restricted incoma funds or gndowment funds. Richmond Methodist Primary School Fund Notes to the Financial Statements (Gontinue¢Q Year ended 31 March 2024 Accountlng pollcles {¢onUnu*d) Incoming resources All incoming resources are included In the statement of financial activities when entitlement has passed to the charity,. it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measur6d. Th8 followlng spacific policies are appli8d to particular categories of income: income from donatlon5 or grants 18 recognised when there is evidence of @ntitlemant to the gift, receipl is probable and Its amount can be rneasured reliably, legacy income is recognised when receipt is probable and entitlement is 8stabllsh8d. income from donated goods is measured at tho fair valua of the goods unless thls is impractical to measure reliably, in which case the value is derived from tha cost to the donor or the eslimated resale value. Donated facilities and services are recognised In the accounts whan rec8iV8d if the valu8 can b8 reliably mgasurad. No amc>unts are included for the contribution of general volunteers. incom6 from contracts for the supply of services is recognised with the delivery of the contracted servlce, This is classified as unrestricted funds unless th&r& is a contractual requirement for It lo be spent on a particular purpose and returned if unspent, In whlch case it may be r8gard8d as restricted. Resources exp8nded Expenditure is recognised on an accruals basls as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, aiid is c18ssified under headings of the staternent of financial activities to which il relates.. expenditure on raising funds includes the costs of 811 fLJndraising activities, events, non- Gharitsble trading activities, and the sale of donated goods. expenditure on charilable activities includes all costs incurred by a charity in und8rtaking act.ivities that further Ils charitable aims for the benefit of its beneficiaries, including those support costs and costs relatlng to the governance of tho charity apportiongd to charitable activities. other 8xpenditure includes all expenditure that is neither related to raising funds for the charily nor part of its expenditure on charitable activities. All costs arg allocated lo expendlture categories reflecting the use of the resource. Direct costs attribulable to a single activity are allocated directly to that activity. Shared costs are apportioned between tlie activities they contribute to on a rgasonable. justifiabla and consistent basis. Financial Instrumonts A financlal ass6t or a financial liability is recognised only when the charity becomes a party to the contradual provisions of the instrument. Baslc financial instruments are Inlllally recognised at the amount receivable or payable including any related transact.ion costs. Richmond Methodist Primary School Fund Notes to the Financial Statements (¢ontlnued) Year ended 31 March 2024 Accountlng pollcles (contlnuod) Flnanclal Instruments (eontlnu6d) Currant assets and currenl liabililies are subsequbntly measured at the cash or other consideratlon expected to be paid or received and not discounted. Debt inslrum8nts are subsequently measured at 8mortised cost. Where investments in shares are publlcly traded or their fair value can oth8rwisè b6 measured reliably, the Snvestment Is subsequently maasured at falr value with changes in fair value recognised In Income and expenditurg. All oth8r such investments are subsequently measured at cost less impairment. Other financial instruments, including darivatives, are inltially recognised at fair value, unless payment for an asset is def8rr8d beyond normal business lerm5 or financed at a rate of Interest that is not a rnarket rate, in which case the asset is measured at the present valu8 of the future paymenls discounted at a market ratg of intarast for a similar debt instrumant. other financial instruments are subsequently measured at fair value, wth any changes recognlsed In the statement Df financial activities, with the exception of hedging instruments in 8 designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objgctive &vid8nce of Impairment at the end of each reporting dale. If there is obj8ctive evidence of impairm@nl. an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity Instruments regardless of significance, and olher financial assets that are individually significant, thgS@ are ass6ssed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of simllar credlt rlsk characteristics. Any reversals of impairment are recognised immediately, to Ihe extent that the reversal does not result in a carrying amount of the financial asset thal exceeds what the carrying amount would have been had the impairment not previously been recognised. Donatlons and legacies Unrestricted Total Funds Unrestriclad Total Funds Funds 2024 Fund8 2023 Donations Donalion5 1,158 1,158 1.260 1,260 Richmond Methodlst Primary School Fund Notes to the Financial Statements {conflnued) Year ended 31 March 2024 other income Unreslrlcted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Miscellaneous receipts School photographs School vlslts School uniforms and clothing Red Nose Day 1,4Q1 308 33,909 219 1,401 308 33,909 219 518 858 28,306 729 183 518 858 28,306 729 183 35,837 35,837 30,594 30,594 Expendlture on charltable actlvltles by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Charitab18 8clivity 32,522 32,522 28.897 28,897 Expendllure on charltable activities by activity type Activities undertaken Total funds directly 2024 Total fund 2023 Charitable actlvlty 32,522 32,522 28,897 Independent 8xamlnatlon fees 2024 2023 Fees payable to th8 independ8nl 8xaminer for= Independenl examlnation of the financial statements 320 354 Staff costs Tho average head count of employees during the year was Nil (2023: Nil). No employee received employee bensfits of more Ihan £60,DQO during the year {2023: NII). 10. Trustee remuneration and expenses No remuneration or other bon8fits from employment with the charity oi" a related entity were received by the truslees. Richmond Methodist Primary School Fund Notes to the Flnancial Statements (continued) Year ended 31 March 2024 11. Analysis of charitable fund8 Unreslrlcted funds At 31 March 202 At 1 April 2023 Income Expenditure General funds 13,605 36,995 <32,522) 18,078 At 31 March 202 At 1 April 2022 Income Expenditure General funds 10,648 31.854 (28,897} 13,605 12. Analysls of nat assets between funds Unrestricted Total Funds Funds 2024 Current assets 18,078 18,078 Unrestricted Total Funds Funds 2023 Current assets 13,605 13,605 10 Richmond Methodist Primary School Fund Management Information Year ended 31 March 2024 The followlng pages do not form part of the flnan¢lal statements. 11 Richmond Methodist Primary School Fund Detailed Statement of Financial Activities Year ended 31 March 2024 2024 2023 Income and endowments Donations and legacles Donations 1,158 1,260 Other Incomè Mlscellaneous receipts School photographs School visits School uniforms and clothing Red Nose Day 1,401 308 33,g09 219 518 858 28,306 729 183 35,837 30,594 Total income 36,995 31.854 Expendlture Expenditure on charitable activities School uniforms and clothlng R8d Nose Day To BAFS Miscellaneous payments School visits 920 183 1,710 305 25,779 28,897 573 31,949 32,522 Total expenditure 32,522 28.897 Net ineome 4,473 2,957 12 Richmond Methodist Primary School Fund Notes to the Detailed Statement of Financlal Actlvities Year ended 31 March 2024 2024 2023 Expendlture on charltable activities Actlvities undertaken dlrectly School uniforms and clothing Red Nose Day To BAFS Miscellaneous payments School visits 920 183 1.710 305 25,779 28.897 573 31,949 32,522 Expendlture on charltable activitles 32,522 28,897 13