2025 ProForma Report
The Owen's School Association
Charity Commission No.1059655
Treasurer's Report for the period ending 31 December 2025
I am pleased to present the Treasurer’s Report for The Owen’s School Association for the financial year ended 31 December 2025.
The Association had an exceptionally strong financial year, raising total income in excess of £70,000 from a wide range of fundraising activities. This represents an increase of over 40% compared with the previous year, making 2025 a record year for fundraising. This significant improvement reflects the commitment and hard work of OSA members and volunteers throughout the year.
In line with the school’s strategic priority to develop the sports hall, £55,000 of funds raised during the year was earmarked for donation to the school which will be cashed in 2026. During 2025, a cash donation of £50,000 was paid to the school. After all receipts and payments, the Association generated a surplus of £9,410 for the year.
As at 31 December 2025, the Association’s cash balances stood at £78,064, an increase from £68,807 at the end of 2024, demonstrating a continued strengthening of the Association’s financial position. As mentioned earlier, £55,000 has been transferred to the school for 2025 subsequent to the year end.
This outstanding financial performance would not have been possible without the ‑ dedication and energy of all those involved in organising and supporting OSA events. Particular thanks are due to our co chairs, Mbalu and Tricia, whose leadership has been instrumental in achieving this record fundraising outcome.
The Association’s accounts continue to be maintained in accordance with good financial practice. Our auditor, Gouri Kubair, has agreed to be reappointed, and the Association’s financial controls remain consistent with the expectations of the Charity Commission.
I would like to thank the committee and all OSA members for their continued support and contribution throughout the year.
Anthony Osijo
Treasurer Mar-26
02/07/2026
Page 1
Confidential
2025 ProForma Report
Recei ts and a ments accounts p p y
| For the period from | Period start date 01-Jan-25 |
Period start date 01-Jan-25 |
To | Period end date 31 December 2025 |
||
|---|---|---|---|---|---|---|
| Receipts and payments | ||||||
| Receipts | Notes | Unrestricted funds 2025 £ 43,029 5,967 2,233 108 5,220 12,445 4,133 1,733 668 75,537 9,649 2,543 775 710 - 2,369 81 16,127 |
Unrestricted funds 2024 £ 25,001 16,325 2,170 1,905 3,021 17,982 2,976 815 712 70,907 9,442 8,371 700 1,007 - 787 129 20,436 50,471 (37,000) 13,471 55,184 68,807 |
|||
| FundraisingEvents | 43,029 | |||||
| School Event Refreshments |
5,967 | |||||
| 200 Club-Membership & Returned Prizes |
4 | 2,233 | ||||
| Book Covers | 108 | |||||
| UniformSales (NearlyNew | ) 7 | 5,220 | ||||
| Matched Funding | 2 | 12,445 | ||||
| Coins, Amazon smile & EasyFundraising |
6 | 4,133 | ||||
| Donations Inc. Cheese & Wine |
1,733 | |||||
| Bank Interest | 668 | |||||
| Total receipts | 1 | 75,537 | ||||
| Payments | ||||||
| Cost of Fund Raising Events |
9,649 | |||||
| Costs-School Event Refreshments |
2,543 | |||||
| 200 Club Prizes | 775 | |||||
| Book Covers | 3 | 710 | ||||
| NCPTA Membership | - | |||||
| Other Event Costs Bank Fees/Interest |
2,369 | |||||
| 81 | ||||||
| Totalpayments | 1 | 16,127 | ||||
| Net Funds Raised | 1 | 59,410 | 50,471 | |||
| Donations to **Dame Alice Owen's ** |
5 | (50,000) | (37,000) | |||
| 9,410 68,807 78,271 |
||||||
| Net surplus/(deficit) | 9,410 | |||||
| Cash funds atyear beginning | 68,807 | |||||
| Cash funds atyear end | 78,271 | 68,807 |
Funds - All transactions relate to unrestricted funds. There are no restricted or endowment funds.
02/07/2026
Page 2
Confidential
2025 ProForma Report
Statement of assets and liabilities at the end of the year
| Other monetary assets Investment assets Liabilities Chair Treasurer Cash funds Assets retained for the charity’s own use |
Bank Accounts Bank Accounts - 200 Club Cash Total cash funds No other monetary assets are held No Investment Assets are held Book Cover Expenses Stock of Drinks and Snacks Stock of Book Covers for resale Other 200 Club Prizes Payment to School Signature |
Unrestricted funds 2025 £ 73,167 4,898 206 £ 78,271 Unrestricted funds £ - Fund to which asset belongs Cost (optional) - Fund to which asset belongs Cost (optional) Unrestricted £ 100 Unrestricted £ 600 Unrestricted £ - Fund to which liability relates Amount due (accrued) Unrestricted £ 300 Unrestricted £ 1,625 Unrestricted £ 55,000 Print Name Patricia O'Brien/Mbalu Koroma Anthony Osijo |
Unrestricted funds 2024 £ |
|---|---|---|---|
| 65,266 | |||
| 3,389 | |||
| 151 | |||
| £ 68,807 | |||
| Unrestricted funds £ |
|||
| - | |||
| Fund to which asset belongs |
|||
| Fund to which asset belongs |
|||
| Unrestricted | |||
| Unrestricted | |||
| Unrestricted | |||
| Fund to which liability relates |
|||
| Unrestricted | |||
| Unrestricted | |||
| Unrestricted | |||
| Date of approval |
|||
| Patricia O'Brien/Mbalu Koroma | |||
| Anthony Osijo |
02/07/2026
Page 3
Confidential
2025 ProForma Report
Notes to the receipts and payments accounts
| 1. Fundraising Events & Activities | 1. Fundraising Events & Activities | 2025 | 2024 | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Receipts | Payments | Surplus | Surplus | ||||||
| £ | £ | £ | £ | ||||||
| Quiz Nights | 5,019 | (2,287) | 2,732 | 2,930 | |||||
| Summer | |||||||||
| fete/Auction | 19,462 | (7,362) | 12,100 | 11,367 | |||||
| Sundry Events | 18,549 | 18,549 | 1,261 | ||||||
| Refreshments | 5,967 | (2,543) | 3,424 | 7,955 | |||||
| Book Covers | 108 | (710) | - | 602 |
898 | ||||
| Foreign Coins, | |||||||||
| Amazon Smile & | |||||||||
| Easy Fundraising | 4,133 | 4,133 | 2,976 | ||||||
| Uniform Sales | 5,220 | 5,220 | 3,021 | ||||||
| Donations Inc. | |||||||||
| cheese & wine | 1,733 | 0 | 1,733 | 328 | |||||
| 200- Club | 2,233 | (775) | 1,458 | 1,470 | |||||
| Matched Funding | 12,445 | 12,445 | 17,982 | ||||||
| Licences and Sundry Costs | (2,369) | - | 2,369 |
- | 300 |
||||
| Bank Interest | 668 | (81) | 587 | 623 | |||||
| £ 75,537 | (16,127) | £ 59,410 | £ 50,512 | ||||||
| 2025 has been the best year in terms of | net fund raising on record even surpassing a stellar 2024. This has been help | ||||||||
| by a a focus on matched funding, a | number of | specific one-off events and a continued | focus on efficiencies and cost | ||||||
| monitoring. The summer event was another success which the OSA is very | proud of. | ||||||||
| Net Funds Raised | |||||||||
| 70000 | |||||||||
| 60000 | |||||||||
| 50000 | |||||||||
| 40000 | |||||||||
| 30000 | |||||||||
| 20000 | |||||||||
| 10000 | |||||||||
| 0 | |||||||||
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
| -10000 | |||||||||
| Analysis of Net Funds Raised | Summer Event | Quiz Nights | One Off events | ||||||
| Matched Funding | Book covers | Uniform Sales | Refreshments | ||||||
| Foreign Coins | Easy Fundraising | 200 Club | Misc Donations & Costs | ||||||
| Interest |
2025 has been the best year in terms of net fund raising on record even surpassing a stellar 2024. This has been helped by a a focus on matched funding, a number of specific one-off events and a continued focus on efficiencies and cost monitoring. The summer event was another success which the OSA is very proud of.
2. Matched Funding Donations
Thank you to Parents and Employers who have provided Matched Funding for fundraising activities. Special thanks go to AKO Capital who continue to make significant contributions.
Matched Funding to-date 12,445 17,982
3. Book Covers
.
02/07/2026
Page 4
Confidential
2025 ProForma Report
The Book cover sales were marshalled by Maria Leahy. An amount remains outstanding on the b/s relating to cost paid on behalf of the association in 2020/21. This amount was due to be cleared in 2025 but will now be finally settled in April 2026. The sales for Book Covers have probably been miscategorized as part of Sundry events and highlights the importance of using the right code at POS.
4. 200 Club
The 200 club memberships shown are those received during the year. Prizes and creditors included relate to draws for months in the year. Each winning ticket receives £50. The Metro bank account continues to run efficiently and is expertly marshalled by the scheme administrator, Alan Williams. A drive will continue to recruit more members to the scheme which generates income for the school and is a bit of fun as well.
5. Donations to Dame Alice Owen's School
A contribution of £50,000 from Dec 2024 was cashed by the school in January 2025. A provision has been made for a payment of circa £55,000 from available funds to be made to the school in 2026 for activities related to 2025.
6. Easy Fundraising
The Association receives a donation for old foreign coins collected. The association also receives charitable donations from Easy Fundraising when on-line purchases are made from retailers registered with either platform and the association is selected as the charity for donations.
| Foreign Coin Collection Amazon Smile Easy fundraising Total |
2025 - - 4,133 4,133 £ |
2024 - - 2,976 |
|---|---|---|
| 4,133 £ |
2,976 £ |
7. Uniform Sales
The second hand uniform sales continues to perform strongly and saw a big increase in receipts in 2025. Great work by the team.
8. Bank Accounts
No material issues. Mandates will need to be updated in 2026.
9. Post Balance sheet Events
None
02/07/2026
Page 5
Confidential
2025 ProForma Report
The Owen's School Association
Charity Commission No.1059655
Treasurer's Report for the period ending 31 December 2025
I am pleased to present the Treasurer’s Report for The Owen’s School Association for the financial year ended 31 December 2025.
The Association had an exceptionally strong financial year, raising total income in excess of £70,000 from a wide range of fundraising activities. This represents an increase of over 40% compared with the previous year, making 2025 a record year for fundraising. This significant improvement reflects the commitment and hard work of OSA members and volunteers throughout the year.
In line with the school’s strategic priority to develop the sports hall, £55,000 of funds raised during the year was earmarked for donation to the school which will be cashed in 2026. During 2025, a cash donation of £50,000 was paid to the school. After all receipts and payments, the Association generated a surplus of £9,410 for the year.
As at 31 December 2025, the Association’s cash balances stood at £78,064, an increase from £68,807 at the end of 2024, demonstrating a continued strengthening of the Association’s financial position. As mentioned earlier, £55,000 has been transferred to the school for 2025 subsequent to the year end.
This outstanding financial performance would not have been possible without the ‑ dedication and energy of all those involved in organising and supporting OSA events. Particular thanks are due to our co chairs, Mbalu and Tricia, whose leadership has been instrumental in achieving this record fundraising outcome.
The Association’s accounts continue to be maintained in accordance with good financial practice. Our auditor, Gouri Kubair, has agreed to be reappointed, and the Association’s financial controls remain consistent with the expectations of the Charity Commission.
I would like to thank the committee and all OSA members for their continued support and contribution throughout the year.
Anthony Osijo
Treasurer Mar-26
02/07/2026
Page 1
Confidential
2025 ProForma Report
Recei ts and a ments accounts p p y
| For the period from | Period start date 01-Jan-25 |
Period start date 01-Jan-25 |
To | Period end date 31 December 2025 |
||
|---|---|---|---|---|---|---|
| Receipts and payments | ||||||
| Receipts | Notes | Unrestricted funds 2025 £ 43,029 5,967 2,233 108 5,220 12,445 4,133 1,733 668 75,537 9,649 2,543 775 710 - 2,369 81 16,127 |
Unrestricted funds 2024 £ 25,001 16,325 2,170 1,905 3,021 17,982 2,976 815 712 70,907 9,442 8,371 700 1,007 - 787 129 20,436 50,471 (37,000) 13,471 55,184 68,807 |
|||
| FundraisingEvents | 43,029 | |||||
| School Event Refreshments |
5,967 | |||||
| 200 Club-Membership & Returned Prizes |
4 | 2,233 | ||||
| Book Covers | 108 | |||||
| UniformSales (NearlyNew | ) 7 | 5,220 | ||||
| Matched Funding | 2 | 12,445 | ||||
| Coins, Amazon smile & EasyFundraising |
6 | 4,133 | ||||
| Donations Inc. Cheese & Wine |
1,733 | |||||
| Bank Interest | 668 | |||||
| Total receipts | 1 | 75,537 | ||||
| Payments | ||||||
| Cost of Fund Raising Events |
9,649 | |||||
| Costs-School Event Refreshments |
2,543 | |||||
| 200 Club Prizes | 775 | |||||
| Book Covers | 3 | 710 | ||||
| NCPTA Membership | - | |||||
| Other Event Costs Bank Fees/Interest |
2,369 | |||||
| 81 | ||||||
| Totalpayments | 1 | 16,127 | ||||
| Net Funds Raised | 1 | 59,410 | 50,471 | |||
| Donations to **Dame Alice Owen's ** |
5 | (50,000) | (37,000) | |||
| 9,410 68,807 78,271 |
||||||
| Net surplus/(deficit) | 9,410 | |||||
| Cash funds atyear beginning | 68,807 | |||||
| Cash funds atyear end | 78,271 | 68,807 |
Funds - All transactions relate to unrestricted funds. There are no restricted or endowment funds.
02/07/2026
Page 2
Confidential
2025 ProForma Report
Statement of assets and liabilities at the end of the year
| Other monetary assets Investment assets Liabilities Chair Treasurer Cash funds Assets retained for the charity’s own use |
Bank Accounts Bank Accounts - 200 Club Cash Total cash funds No other monetary assets are held No Investment Assets are held Book Cover Expenses Stock of Drinks and Snacks Stock of Book Covers for resale Other 200 Club Prizes Payment to School Signature |
Unrestricted funds 2025 £ 73,167 4,898 206 £ 78,271 Unrestricted funds £ - Fund to which asset belongs Cost (optional) - Fund to which asset belongs Cost (optional) Unrestricted £ 100 Unrestricted £ 600 Unrestricted £ - Fund to which liability relates Amount due (accrued) Unrestricted £ 300 Unrestricted £ 1,625 Unrestricted £ 55,000 Print Name Patricia O'Brien/Mbalu Koroma Anthony Osijo |
Unrestricted funds 2024 £ |
|---|---|---|---|
| 65,266 | |||
| 3,389 | |||
| 151 | |||
| £ 68,807 | |||
| Unrestricted funds £ |
|||
| - | |||
| Fund to which asset belongs |
|||
| Fund to which asset belongs |
|||
| Unrestricted | |||
| Unrestricted | |||
| Unrestricted | |||
| Fund to which liability relates |
|||
| Unrestricted | |||
| Unrestricted | |||
| Unrestricted | |||
| Date of approval |
|||
| Patricia O'Brien/Mbalu Koroma | |||
| Anthony Osijo |
02/07/2026
Page 3
Confidential
2025 ProForma Report
Notes to the receipts and payments accounts
| 1. Fundraising Events & Activities | 1. Fundraising Events & Activities | 2025 | 2024 | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Receipts | Payments | Surplus | Surplus | ||||||
| £ | £ | £ | £ | ||||||
| Quiz Nights | 5,019 | (2,287) | 2,732 | 2,930 | |||||
| Summer | |||||||||
| fete/Auction | 19,462 | (7,362) | 12,100 | 11,367 | |||||
| Sundry Events | 18,549 | 18,549 | 1,261 | ||||||
| Refreshments | 5,967 | (2,543) | 3,424 | 7,955 | |||||
| Book Covers | 108 | (710) | - | 602 |
898 | ||||
| Foreign Coins, | |||||||||
| Amazon Smile & | |||||||||
| Easy Fundraising | 4,133 | 4,133 | 2,976 | ||||||
| Uniform Sales | 5,220 | 5,220 | 3,021 | ||||||
| Donations Inc. | |||||||||
| cheese & wine | 1,733 | 0 | 1,733 | 328 | |||||
| 200- Club | 2,233 | (775) | 1,458 | 1,470 | |||||
| Matched Funding | 12,445 | 12,445 | 17,982 | ||||||
| Licences and Sundry Costs | (2,369) | - | 2,369 |
- | 300 |
||||
| Bank Interest | 668 | (81) | 587 | 623 | |||||
| £ 75,537 | (16,127) | £ 59,410 | £ 50,512 | ||||||
| 2025 has been the best year in terms of | net fund raising on record even surpassing a stellar 2024. This has been help | ||||||||
| by a a focus on matched funding, a | number of | specific one-off events and a continued | focus on efficiencies and cost | ||||||
| monitoring. The summer event was another success which the OSA is very | proud of. | ||||||||
| Net Funds Raised | |||||||||
| 70000 | |||||||||
| 60000 | |||||||||
| 50000 | |||||||||
| 40000 | |||||||||
| 30000 | |||||||||
| 20000 | |||||||||
| 10000 | |||||||||
| 0 | |||||||||
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
| -10000 | |||||||||
| Analysis of Net Funds Raised | Summer Event | Quiz Nights | One Off events | ||||||
| Matched Funding | Book covers | Uniform Sales | Refreshments | ||||||
| Foreign Coins | Easy Fundraising | 200 Club | Misc Donations & Costs | ||||||
| Interest |
2025 has been the best year in terms of net fund raising on record even surpassing a stellar 2024. This has been helped by a a focus on matched funding, a number of specific one-off events and a continued focus on efficiencies and cost monitoring. The summer event was another success which the OSA is very proud of.
2. Matched Funding Donations
Thank you to Parents and Employers who have provided Matched Funding for fundraising activities. Special thanks go to AKO Capital who continue to make significant contributions.
Matched Funding to-date 12,445 17,982
3. Book Covers
.
02/07/2026
Page 4
Confidential
2025 ProForma Report
The Book cover sales were marshalled by Maria Leahy. An amount remains outstanding on the b/s relating to cost paid on behalf of the association in 2020/21. This amount was due to be cleared in 2025 but will now be finally settled in April 2026. The sales for Book Covers have probably been miscategorized as part of Sundry events and highlights the importance of using the right code at POS.
4. 200 Club
The 200 club memberships shown are those received during the year. Prizes and creditors included relate to draws for months in the year. Each winning ticket receives £50. The Metro bank account continues to run efficiently and is expertly marshalled by the scheme administrator, Alan Williams. A drive will continue to recruit more members to the scheme which generates income for the school and is a bit of fun as well.
5. Donations to Dame Alice Owen's School
A contribution of £50,000 from Dec 2024 was cashed by the school in January 2025. A provision has been made for a payment of circa £55,000 from available funds to be made to the school in 2026 for activities related to 2025.
6. Easy Fundraising
The Association receives a donation for old foreign coins collected. The association also receives charitable donations from Easy Fundraising when on-line purchases are made from retailers registered with either platform and the association is selected as the charity for donations.
| Foreign Coin Collection Amazon Smile Easy fundraising Total |
2025 - - 4,133 4,133 £ |
2024 - - 2,976 |
|---|---|---|
| 4,133 £ |
2,976 £ |
7. Uniform Sales
The second hand uniform sales continues to perform strongly and saw a big increase in receipts in 2025. Great work by the team.
8. Bank Accounts
No material issues. Mandates will need to be updated in 2026.
9. Post Balance sheet Events
None
02/07/2026
Page 5
Confidential
Independent examiner's report on the accounts
| Section A Independent Examiner’s Report |
Section A Independent Examiner’s Report |
|---|---|
| Report to the trustees/ members of On accounts for the year ended Set out on pages Responsibilities and basis of report |
Charity Name The Owen's School Association 31/12/2025 Charity no (if any) 1059655 (remember to include the page numbers of additional sheets) I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/12/2025. As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. |
Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view 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 accounts to be reached.
- Please delete the words in the brackets if they do not apply.
| Signed: Name: Relevant professional qualification(s) or body (if any): Address: |
30/06/2026 | |
|---|---|---|
| Gouri Kubair | ||
| ICAEW membership No: 9291854 | ||
| 11 Sycamore Avenue | ||
| Hatfield | ||
| AL10 8LZ |
1
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
N/A
2