Fbénds of ROWAN As%1)Li'ilii)11 THE FRIENDS OF ROWAN ASSOCIATION Reglstered Charlty: 1058466 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
THE FRIENDS OF ROWAN ASSOCIATION CONTENTS FOR THE YEAR ENDED 31 AUGUST 2024 Pages Report of theTrustees 3to4 Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Accounts 8t015
THE FRIENDS OF ROWAN ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 The Trustees present their annual report together wlth the financial statements of The Friends of Rowan Association I'the charity") for the year ended 31 August 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 2 to the accounts. OBJECTIVESANDACTIVITIES The object of the charity is to advance the education of the pupils at Rowan Preparatory School 1.the school" including Rowan Hill and Rowan Brael by providing and assisting in the provision of facilities for education at the school and as ancillary thereto and in furtherance of this object the charity may.. Foster more extended relationships between the staff and parents and others associated with the school; and Engage in actlvities, which support the school and advance the education of the pupils attending It. Events and artivities or8ani5ed during the year included fairs, Social events, second-hand unlform sales. refreshments at the school's sports days, auctions and Christmas card sales. involving pupils, parents, school staff, and the wider community. Funds from these activities were used to provide facilities at the school and also to support Young Minds, Barnardo's and Shelter, the school'5 nominated charities during the year. The Trustees are very grateful for the generous support of the parent volunteers who manage varlous aspects of the events and support the activities. The Trustees confirm that they have had due regard to the Charity Commission's guldance on publlc benefit when reviewlng the charity's aims and objectives and in planning artivities and priorities for the period. ACHIEVEMENT AND PERFORMANCE The charity had another successful year organising various events and actlvitles, 8eneratlng Income of £65.686 compared to £49.934 the previous year. The costs incurred to perform these activities were £34,972 (2023 £19,052) resulting in a net operatlonal surplus of £30,71412023 - £30.8821. The net operatlonal surplus, together wlth £14,771 of funds brought forward from the prior period. provided £42,55012023 - £33,288) of facilities for the beneflt of the pupils at the school and donations to other charltles of £2,93512023 - £1,661). The facllities provlded at the school this year covered a wide range of items and experlences for pupils across different departments, Including enhancing STEM learnln8 wlth the provision of four full, re-usable kit cars1£7,7001 for Rowan Hill puplls to build and drive life-slze electrlc vehicles, together with twelve innovative and fun DASH robots1£2,142 plus £500 annual subscriptlon for ten years) to upgrade the Computin8 curriculum at Rowan Brae. Other funding projects during the period included new high jump equipment (£1,905), an immersive visiting planetarium dome1£9001, school house flags and pin badges for all pupils1£9001, water play resources for Early Years pupils1£7081. a mobile farm visit1£5001 and reptlle experience1£5001 during Wellbein8 Week, an outdoor illustrated history timeline1£4141 and stop motion cameras (£4001. Following the transformation of the Spinney at Rowan Hill with a new, all-weather, artificial grass surface in Summer 2022 and the renovation of the Preschool and Nursery learnin8 and play space5 at Rowan Brae in Summer 2023, the outgoing Committee was delighted that the charlty could co-fund another two large projects with the school during the current period. These included the full rede5i8n and refurbishment of the libraries at both Rowan Hill and Rowan Brae1£17,4191. creating inspiring spaces to build on the girls. love of reading. The charlty also co-funded the first phase of a Performing Arts enhancement project, with a new projector and lar8e screen {£7,1301 to allow for the dramatic projection of scenery during school productions. FINANCIAL REVIEW The charity had closing reserves of £35,047 at 31 August 20241£49.818 at 31 August 20231. This included designated funds of £11,961 at the end of the current period12023- £Nil designated funds). The designated funds comprised £6.871 for new staging (the final phase of the Performing Arts enhancement project). £590 for a fitness workshop for all pupils in September 2024, and £4,500 representing a contribution of £500 p.a. to the annual subscription for Rowan Brae's DASH robots for the next nine years. The Trustees aim to hold sufficient funds to be able to organise the various fundraising events, which incur expenditure up-front. Page 3
THE FRIENDS OF ROWAN ASSOCIATION REPORT OF THE TRUSTEES- CONTINUED FOR THE YEAR ENDED 31 AUGUST 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT The Friends of Rowan Association is an unincorporated association and a registered charity (No. 10584661 whose constitution is ruled by the governing document adopted on 7 February 1996 and as amended on 25 June 201S and 23 June 20161"Rules"l. A full copy of the Rules and Bylaws can be found on the charitvs website: htt www.row re school.co.uk arents-information friends-of-rowan. A resolution was passed at the Annual General Meeting on 25 June 2024 to amend the Bylaws to reflect bank account, accounting records, and insurance requirements for the charity. All Committee members including Officers and Trustees shall hold office for the period of one year and shall retlre, except for the Headmistress, at the Annual General Meeting following their election. The vacancles created shall be filled at such Annual General Meeting but retirin8 members shall be eligible for re-election. Retiring Officers may not hold thÈsame office for morÈthan threeyears, while there Is no restriction on retiring non-officercommittee members. Anyone on the Committee {other than the Headmlstressl may at any time retire or be removed by a Resolutlon passed by a three-quarter5 majority of those present at a duly convened meeting of the members. The Committee of the charity shall consist of not less than two elected members and the Officer5 and Trustees. The Committee may In addition co-opt not more than three persons as members ofthe Committee who shall serve until the next Annual General Meetin8. Vacancies among the Committee may be filled by the Committee until the next Annual General Meeting. Membership of the charity is available to parents of children who are or have been pupi15, former pupils, and staff, or forrner staff, of Rowan Preparatory School upon payment of the subscription. Any other person connected with the school can become a member if approved by an ordinary resolution of the Committee. REFERENCE AND ADMINISTRATIVE DETAILS Charlty name Re8lsterèd charlty number Charlty's prlnclpal address The Frlends of Rowan Associatlon 1058466 Rowan Preparatory School 6 Fitzalan Road Claygate, Esher Surrey, KTIO OLX Offlcers and Trustees who manage the charity: Mrs V Buss Mrs A Brown Mr5 R Brooks Mrs J Whittaker Mrs A Leighton-Davies Mrs A Sanjeev Mrs S Cheadle Mrs F Milford Mrs S RaJa Chairman Chairman Vlce-chairman Vice-chairman Honorary Treasurer Honorary Treasurer Honorary Secretary Honorary Secretary Headmistress Resigned - 2510612024 Appointed - 25/06/2024 Resigned - 2510612024 Appointed - 25/06/2024 Resi8ned - 2510612024 Appointed - 25106/2024 Resigned - 2510612024 Appointed - 25106/2024 From l January 2023 DECLARATIONS The Trustees declare that they have approved the Trustees. report above. Signed on behalf of the charity's Trustees: Mrs Anuradha Brown- Chairman June 2025 Pa8e 4
THE FRIENDS OF ROWAN ASSOCIATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE FRIENDS OF ROWAN ASSOCIATION I report to the trustees on my examlnatlon of the accounts of The Friends of Rowan Association 1.the charity") for the year ended 31 August 2024 as set out on pages six to sixteen. Responslblllties and bas15 of report As the trustees of the charity, you are responsible for the preparation of the accounts in accordance with the requirement5 of the Charities Act 20111.the Act"). I report in respect of my examination of the charitrfs accounts carried out UfKler 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 14515llbl of the Act. Independent examlnerfs statement I have completed my examination. I conflrm that no material matters have come to my attentlon in connection with the examination giving me cause to believe that, in any material respect: accounting records were not kept in respect of the charity as requlred by section 130 of the Act,. or the accounts do not accord with the accounting records,. or the accounts do not comply with the applicable requirements concernlng the form and content of accounts set out in the Charities {AccotJnts and Reports) Regulations 2008 other than any requirement that the account5 give a 'true and fair vlew whlch Is not a matter considered as part of an independent examlnatlon. 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. Signed: James Brlmlow FCA The Grove Monteith Close Langton Green Tunbrid8e Wells Kent TN3 OAD 25 J une 2025 Page 5
THE FRIENDS OF ROWAN ASSOCIATION STATEMENTOF FINANCIALAcfiviTIES FOR THEYEARENDED 31 AUGUST 2024 Unrestricted funds Restrlcted income funds Total funds Prior year total funds INCOMING RESOURCES Income from: Donations and legacies Note 3 4,190 4,190 8,721 Other trading actlvltles Note 3 56,451 3,874 60,325 40,767 Investments - bk Inter&t 1,171 1,171 446 Total 61,812 3,874 65,686 49,934 RESOURCES EXPENDED Expenditure on: Raising funds Note 4 34,033 939 34.972 19,052 Charltable activities Note 4 42,550 2,935 45,485 34,949 Total 76,583 3,874 80.457 54,001 NET INCOME/IEXPENDrruRE) 114,7711 114,7711 14,0671 NET MOVEMENT IN FUNDS {14,7711 (14,7711 14.0671 RECONCILIATION OF FUNDS: Total funds brought forward 49.818 49,818 53,885 TOTAL FUNDS CARRIED FORWARO 35,047 35,047 49,818 Page 6
THE FRIENDS OF ROWAN ASSOCIATION BALANCESHEET AT 31 AUGUST 2024 Total funds this year 31.08.2024 Total funds last year 31.08.2023 CURRENT ASSETS Debtors Note 6 803 283 Cash at bank and In hand 34,244 49,552 TOTAL CURRENT ASSETS 35,047 49,835 LIABILITIES Creditors - Amount5 fallin8 due within one year Note 7 17 NET CURRENT ASSETS 35,047 49,818 TOTAL NET ASSET5 35.047 49,818 FUNDS OF THE CHARITY Unrestricted funds General funds 23,086 49,818 Desi8nated funds Note 8 11,961 TOTAL FUNDS 35,047 49,818 Signed by two Trustees on behalf of all Trustees: Si8nature Date of approval Mrs A Brown Chairman 25106 Ja02S Mrs A Sanjeev Treasurer as lol oois Page 7
THE FRIENDS OF ROWAN ASSOCIATION NOTESTO THE ACCOUNTS FOR THEYEARENDED31 AUGUST 2024 BASIS OF PREPARATION These accounts and the previous accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notelsl to these accounts. The accounts 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 {FRS1021 and with the Charities Act 2011. ACCOUNTING POLICIES INCOME Reco8nltlon of Income Income 15 included in the Statement of Flnanclal Actlvities I"SoFA"I when the charlty becomes entltled to the resources; it is more likely than not that the trustees will receive the resources; and the monetary value can be measured with sufficient reliablllty. Offsettlng There has been no offsettin8 of assets and liabllitles, or income and expenses, unless required or permitted by the FR5102 SORP. Donatlons Grants and donatlons are only included in the SOFA when the general income reco8nition criteria are met15. 10 to 5.12 FRS102 SORPI. Income from Interest Thi5 is included in the accotjnts when receSpt Is probable and the amount recelvable can be measured rellablv. Bank interest is recognised on receipt into the charity's bank account. Income from membershlp subscrlptlons Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies. Parents of pupils at the school are informed of the annual membership subscription amount and 8iven the option to opt-out of membership each year. Tax reclalms on donatlons and 8ffts Gift Aid recelvable is included in income when there is a valid declaration from the donor. Voluntary help The value of any voluntary help received Is not Included in the accounts but Is descrlbed In the trustees, annual report. EXPENDITURE AND LIABILITIES Expenditure Is accounted for on an accruals basis and has been classified under heading5 that a8gre8ate all costs related to the cate80ry. Where costs cannot be directly attributed to particular headin8S, they have been shown separately within each expense heading. Llablllty recognltlon Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resouros and the amount of the obligation can be measured with reasonable certainty. Pa8e 8
THE FRIENDS OF ROWAN ASSOCIATION NOTES TO THE ACCOUNTS- CONTINUED FOR THE YEAR ENDED 31 AUGUST 2024 Governance and support costs Where clearly identifiable, support and governance costs are allocated directly to each fundraising activity. Support and governance costs that are not directly related to an activity are not allocated but shown separately in Note 4. Credltors and deferred Income The charity has creiJitor5 which are measured at settlement amounts less any trade discounts. No item of deferred income has been included in the current year accounts. Provlslons for Ilabllltles A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reportlng date. 2.3 ASSETS Flxed Assets The charity has no tanglble or intangible flxed assets, and no fixed asset investments. Stocks and work-ln-progress Stocks held for sale as part of non-charitable trade are measured at the lower of cost or net realisable value. Goods or services provided as part of a charitable actlvity are measured at net realisable value based on the service potential provided by items of stock. Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contrart. Debtors Debtors Ilncludin8 trade debtors and loans receivablel are measured on initlal recognition at settlement amount after any trade discounts or amount advanced by the charlty. Subsequently, they are measured at the cash or other consideration expected to be received. Current asset Investments The charity has cash on deposit with a maturity date of less than one year to meet short term cash commitments as they fall due. FUND ACCOUNTING Unrestrlcted funds can be used in accordance with the charitable objectlves at the discretion of the Trustees. Suggestions for funding projects at the school may be made by the school, the Committee or any parent member by presentin8 their suggestion in writing to the Committee. On 25 June 2015, a Bylaw was adopted to require a Cla55 Representative parent vote to approve proposals for funding facilities at school of more than £500. Designated funds are a subset of unrestricted funds which have been earmarked for planned future expenditure for the charity's purposes but have not been paid as at the year-end date. Restricted ftjnds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes as specifically identified in appeal literature. The charity did not have any restricted funds at the year-end12023 - £Nill. Page 9
THE FRIENDS OF ROWAN ASSOCIATION NOTES TO THE ACCOUNTS- CONTINUED FOR THE YEAR ENDED 31 AUGUST 2024 INCOME FROM: Year to 31.08.24 Total Yeor to 31.08.23 Totol Unre5trirted fvnds Restricted incomefunds Donatlons and legacles Membership subscriptions Donations Gift ald 2,310 io 803 2.310 io 803 2,430 2,523 45 Commisslon payments: Savllls Esher easyfundraSsln8 DE Photo Guildford {Sports Day 2024) Amazonsmile Surrey Flower Bee (Christmas wreaths) - Nametags easy2name 3,000 371 238 107 675 202 675 202 60 118 12 60 118 12 4,190 4.190 8,721 Yeor to 31.08.24 Totol Yeor to 31.08.23 Totol Unrestricted Fund5 Restricted incomefund5 Other tradlng actlvltles Second-hand unlform sales Movie Night (Rowan Hill) Christmas Art Cards Chrlstmas Fair Valentine's Discos Online Auction- Rowan prizes Party with Live Band IParentsl Summer Ball IParents} Live Auction Summer Fair Sports Days Refreshments Rowan Umbrellas 8,121 670 249 9,385 ,121 670 498 9,385 2.587 5,771 249 694 8,735 3,768 1.601 6,983 2,587 24,199 1,038 10,687 2,053 49 24,199 2,076 10.687 2,053 49 1,038 11,169 2,046 56,451 3,874 60.325 40,767 Page 10
THE FRIENDS OF ROWAN ASSOCIATION NOTES TO THE ACCOUNTS- CONTINUED FOR THE YEAR ENDED 31 AUGUST 2024 EXPENDrruRE ON: Yeor to 31.08.24 Totol Year to 31.08.23 rotol Unrestricted Funds Re5trirted incomefvnds Ralslng Funds Second-hand uniform sales Movie Ni8ht (Rowan Hill) Christmas Art Cards Christmas Fair Valentine'5 Discos Online Auction Rowan prizes Party with Live 8and IParentsl Summer Ball (Parents} Live Auction Summer Falr Sports Day5 Refreshments Rowan Umbrellas Prlor period event stock adjustment General fundr3isin8 and governance costs unallocated: Parentkind IUK PTA) membership inc. insurance Small society lottery licence fee Worldpay fee New Rowan parents, coffee morning General event promotion / recruitment: MothÈrfs Day initiative (Rowan Brae) Noticeboard (Rowan Brael A frame (Rowan Hllll 297 330 33 4,181 297 330 33 4,181 840 344 57 3,357 1,536 6,602 21.880 99 5,989 1,175 40 {243) 21.880 198 5,989 1,175 40 1243} 99 5,198 1,277 153 20 153 20 140 40 23 51 79 79 70 211 146 34,033 939 34,972 19,052 Year to 31.08,24 Year to 31.08.23 Charltable actlvltles Restrlrted Incomefvnds.. Young Mlnds Barnardo's Shelter, National Campaign for Homeless People Stripey Stork Brltish Heart Foundation The Daisy Garland Brltlsh Red Cross- Turkey Earthquake Appeal 1,747 939 249 347 341 486 486 2,935 1,661 During the period, the charity organised fundraising activities from which the monies raised were shared with other charities in a set proportion, as specifsed at the outset in the communications for each fundraising activity (Note 81. These included a Live Auction during the parents, Summer Ball in May 2024 from which half the monies raised were donated to Barnardo's. together with Valentine's discos for Rowan Hill and Rowan Brae pupils from which all the amounts raised were donated to Young Minds. Page 11
THE FRIENDS OF ROWAN ASSOCIATION NOTES TO THE ACCOUNTS- CONTINUED FOR THE YEAR ENDED 31 AUGUST 2024 EXPENDITURE ON Icontlnued): Year to 31.08.24 Year to 31.08.23 Charltable activltles (continued) Unrestrfrtedfvnds.. Rowan Preparatory School Library refurbishment (Rowan Hill & Rowan 8rael Performin8 Arts project {First instalmentl - Projector & Large screen. Nursery & Preschool redevelopment project {Rowan Brael. En8ineerin8 & Technolo8y- Prokits 3D printers & Laser cutter Computin8 - OASH robots (Rowan Brae) - Annual subscription for DASH robots (Rowan Brael - Stop motion cameras Sport- High jump equipment. Science - Immersive visiting planetarium dome Hatching chick eggs Early Years IRowan Brael - Water play resources Small wooden nesting house5 History - Outdoor illustrated timeline School houses merchandise- House pin5, flags & good marks trophy Wellbeing week - Mobile farm vlsit Reptiles experience Gazebo bean bags (Rowan Hllll Art- Treehouse resources Inclusion- Smart games Wet play resources {Rowan Hllll Playground equipment (Rowan Brael Library resources Author vislt5 VR headsets. Spinney resurfacing artificial grass 17,419 7,130 15,000 7,71XI 2,379 2.142 500 400 1,905 9IXI 342 708 156 414 900 500 500 440 244 250 1,312 277 1,000 498 4,322 8.500 42,550 33,288 Projects co-funded by The Frlends of Rowan Assoclatlon and Rowan Preparatory School. Prolect co-funded by The Frlends of Rowan Assoclatlon and The Surblton Hlgh School Parents, Association. Total expendlture on charitable activities 45,485 34,949 The facillties provided at the school this year by the charity included a wide range of items and experiences across a variety ofsubject areas. The Committee was particularly pleased to further support STEM learning with the addition of 4 full, re-usable kit cars for Rowan Hill pupils to build and drive life-size electric vehicles, and 12 DASH robot5- an innovative and fun upgrade to the Computin8 curriculum at Rowan Brae. The charity also funded the purchase of house pin badges for all pupils based on winnin8 designs created by pupils. As in the previous two years, the Committee was delighted to co-fund some large projects with the school too. This included the full redesign and refurbishment of the libraries at both Rowan Hill and Rowan Brae, creating inspiring spaces to build on the girls, love of reading- as well as the provision of new Performing Arts equipment to enhance school productions with a new projector and large screen to allow for the dramatic projection of scenery. Page 12
THE FRIENDS OF ROWAN ASSOCIATION NOTES TO THE ACCOUNTS- CONTINUED FOR THE YEAR ENDED 31 AUGUST 2024 SURPLU5 ON FUNDRA151NG AcfiviTIES Yeor to 31.08.24 Totol Year to 31.08.23 Total Unrestricted Funds Restricted incomefund5 Second-hand uniform sales Movie Night (Rowan Hill} Christmas Art Cards Christmas Fair Valentine's Discos Online Auction - Rowan prizes Party with Live Band IParents} Summer Ball {Parents1 Llve Auction Summer Falr Sports Days Refreshments Rowan Umbrellas Prior period event stock adjustment General fundraisln8 and 8overnance costs unallocated 7,824 340 216 5,204 7,824 340 465 5,204 1,747 5,427 249 637 5,378 2,232 1,601 381 1,747 2,319 939 4,698 878 2,319 1,878 4,698 878 939 5,971 769 243 (2521 243 12521 16811 22,418 2,935 25,353 21,715 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 HMRC - gift aid receivable.. Gift aid claimed on membership subscriptlons for- 201812019 201912020 202012021 202112022 202212023 202312024 Gift aid claimed on donations received in 202212023 Photography commission (Sports Day 20231 45 41 74 163 215 218 92 238 283 803 CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2024 2023 Second-hand uniform parent commission 17 17 There was no deferred income in the current or prior period. Page 13
THE FRIENDS OF ROWAN ASSOCIATION NOTES TO THE ACCOUNTS- CONTINUED FOR THE YEAR ENDED 31 AUGUST 2024 CHARITY FUNDS The restricted income funds in the period represented monies which the charity stipulated would be paid to other charities from particular fundraising activities. The proportion to be paid to each charity was specifically identified at the outset in communications for each fundraising activity. Year ended 31 August 2024.. Fund name Restrlctlons.. Amounts Stlpuloted to be pald Fund bolonce5 brought fonvard Income Expendlture Fund balances corried forwt7rd Restrlrted Incomefvnds Shelter 50% of the commlsslon from School Print World Chrlstmas card sales All amounts ralsed from Valentine's Dlscos 50% of amount raised from Live Auctlon at SummeT Ball 249 12491 Young Mlnd5 2,587 12.5871 Barnardo's 1.038 11,0381 3,874 61,812 65,686 13,8741 76,5831 80,4571 Otherfunds Unrestrlrted 49.818 49,818 35,047 35,047 Yeor ended 31 August 2023.. Fund name Re5trictlons.' . Amounts stlpuloted to be Pold Fund balonce5 brought fvrward Income Expendlture Fund bolances corried forward Aestrlrted Incomefvnds Strlpey Stork Half of the commlsslon from Cauliflower Cards Christmas card sales All amounts raised from 'Guess the number of sweets in larf (Sports Day 20231 25%ofamounts raised from Online Aurtion- Rowan prizes and related donations 25% of amounts raised from Online Auctlon- Rowan prlies and related donations 347 13471 Brltlsh Heart Foundatlon 341 13411 The Dalsy Garland 14861 8rltlsh Red Cross-Turkey Earthquake Appeal 14861 1,661 48,273 49,934 11,6611 52,3401 154,0011 Otherfunds Unrestricted 53,885 53,885 49,818 49,818 UNRESTRICTED FUNDS 2024 2023 Deslgnated funds.. Performing Arts project {Second instalmentl- Staging Sports- Beyond Bounce Workshop Iseptember 2024) DASH Robots (Rowan Brael- Annual £500 subscription for next 9 years 6,871 590 4,500 11,961 23.086 35,047 General funds Total funds at end of reporting period 49,818 49,818 The charity had no restricted funds at the current year-end or prior year-end. Page 14
THE FRIENDS OF ROWAN ASSOCIATION NOTES TO THE ACCOUNTS- CONTINUED FOR THE YEAR ENDED 31 AUGUST 2024 TRANSAcfioNS WITH TRUSTEES AND REiATED PARTIES TRUSTEES, REMUNERATION AND BENEFITS The Trustees all give their time freely without bein8 paid any form of remuneration or receiving any other benefits from an employment with the charity or a related entity {2023 - £Nill. TRUSTEES, EXPENSES Expenses paid to the Trustees in the period amounted to £2,051 {2023 - £3.1921. These expenses were made up of 2 Trustees relmbursed for purchases made on behalf of the charity for fundraising activities. There were also expenses of £58012023- £9551 paid to two non-trustee Committee members for the same purpose. Expenses are reimbursed for actual costs on presentation of valid receipts and other documentation. No other types of trustee expenses have been incurred. TRANSAcfioNS WITH RELATED PARTIES The school administers the collection of the charit¢s membership subscrlptions from school parents £2,31012023 £2,430) and transfers the total amount to the charity annually. The charity reimbursed the school £40 during the period12023 - £Nill for the cost of branded school umbrellas which the charlty sold at the Summer Fair in June 2024. io. EVENTS AFfER THE END OF THE REPORTING PERIOD The tharity runs one second-hand uniform sale per term onsite at the school. All proceeds from the sales of donated second-hand unlform go to The Frlends of Rowan Associatlon, with the exception of the sale of blazers where 50% commission was paid to parents donatin8 a blazer. On 13 September 2024, the new Commlttee announced that commission would no longer be p31d on the sale of donated blazers. Parents continue to have acce55 to the online platform Uniformls for direct second-hand uniform sales to each other. Page 15