Charity number: 1062423
## **CHESHAM GRAMMAR SCHOOL FUND**
## UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
## **CHESHAM GRAMMAR SCHOOL FUND**
## **CONTENTS**
||**Page**|
|---|---|
|Reference and administrative details of the company, its Trustees and advisers|1|
|Trustees' report|2|
|Independent examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Notes to the financial statements|8 to 11|
## **CHESHAM GRAMMAR SCHOOL FUND**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS**
## **FOR THE YEAR ENDED 31 AUGUST 2025**
|**Trustees**|Ms Annmarie McNaney, Headteacher|
|---|---|
||Mrs Martha Ware|
||Mr Tim Patteson|
|**Charity registered**||
|**number**|1062423|
|**Principal office**|Chesham Grammar School|
||White Hill|
||Chesham|
||Bucks|
||HP5 1BA|
|**Bankers**|Lloyds Bank PLC|
||79 High Street|
||Chesham|
||Buckinghamshire|
||HP5 1DE|
Page 1
## **CHESHAM GRAMMAR SCHOOL FUND**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2025**
The Trustees present their annual report together with the financial statements of Chesham Grammar School Fund (the charity) for the year ended 31 August 2025. The trustees confirm that the annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of 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 (FRS 102) effective 1 January 2015 and Charities Act 2011.
## **i. Objectives and activities**
The principal object of the charity is to advance the education of students at Chesham Grammar School, assisting in the provision of facilities and funding the enhancement of any school activity so that our students are exceptionally well prepared for life.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
## **ii. Financial Review**
## _a. Investment policy and performance_
The endowment funds have been invested in bank deposits and building society accounts and interest earned on the balances is monitored by the trustees.
## _b. Going concern_
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
Page 2
## _c. Reserves policy_
Reserves are maintained in order to mitigate the risk of a poor response to annual requests for parental donations and to allow for the costs of the forward planning of capital infrastructure projects. The fund's policy is to hold minimum unrestricted reserves of no less than £5,000. The trustees recognise the need to continue raising funds for general use in the future.
## _d. Financial risk management objectives and policies_
The trustees have conducted a review of the risks to which the Fund is exposed. The Fund can provide the service required if all school trips achieve self funding and all extra curricular support is covered by parent donations. The risk therefore is delays in payment of parent trip fees and/or over commitment of extra curricular activities. Systems and procedures have been established to mitigate these risks.
## **iii. Structure, governance and management**
## _a. Constitution_
Chesham Grammar School Fund is a registered charity, number 1062423, and is constituted under a Trust deed dated 12 November 1996.
## _b. Methods of appointment of Trustees_
The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
## _c. Organisational structure and decision-making policies_
The organisational structure of the Fund follows that of Chesham Grammar School. Decisions are made by the trustees at their meetings held twice a year and by the Headteacher on a day-to-day basis.
The trustees delegate the day-to-day management of the Fund to the Chesham Grammar School finance team.
## **iv. Recent and future plans**
The Fund plans to continue meeting the objectives stated in the Charity Declaration.
## _a. Routine Functions_
The Fund presently continues to administer the income and expenditure which facilitate the best possible educational environment for CGS students including the improvement of school facilities, development of resources, equestrian club,and other extracurricular activities. During 2025 funds contributed to a capital project which saw the completion of a new multi-use artificial pitch. This new facility significantly enhances the provision of PE and sport for CGS students, as well as supporting health and wellbeing through the improvement in the school's outdoor play space. Future plans are to refurbish our science laboratories to ensure students have inspiring spaces in which to learn. Many of our labs are out-dated and desperately need modernising.
## _b. Income_
The main source of income continues to be parent contributions and grants.
Page 3
c. Expendlture
The fund has been used primarily to financially support UP8raded school resource5 and facllltles. as
well as to 5UPPOrt events that benefit students.
ststement ol Trust••s' r•sponslblllll¢$
The Trustees are responsible for preparlng the Trustees, report and the financial statements in
actordan¢e with applicable law and United Kingdom A¢countln8 Standards (United Klngdom Generally
Accepted Accounting Practice).
The law applicable to charities In En8land & Wales requires the Trustees to prepare Ilnanclal
statements for each financlal year whlch glve a true and fair view of the state of affairs of the
company and of its incoming resources and appllcatlon of resource5, includln8 Its Income and
expendlture, for that perlod. In preporlng these flnanclal statements, the Trustees are required to..
111 select 5Ultable accountln8 pollcles and then apply them con51Stentlv
1111 obstrve the methods and prlnciples of thè Charitie5 SORP IFRS 1021
11111 make lud8ments and accounting estimates that are reasonable and prudent
livl state whethef appllcable UK Accountlng Standards IFRS 1021 have been followed, subject to any
material departures dlsclosed and explalned In the financial statements
Ivl prepare the financial statements on the golng concern basi5 unles5 It Is Inappropflate to presume
that the company will continue in busines5.
The Trustees are responslble for keepln8 adequate accounting records that are sufficient to show and
explaln the company's transaclions and dSsclose wSth reasonable accuracy at any tlme the Ilnancial
P051tlon of the company and enable them to ensure that the flnancial statements comply with the
Charltie5 Act 2011, the Charlty (Accounts and Reports) Re8ulatlons 2W8 and the provlslons of the
Trust deed. They are also responslble for safeguarding the asset5 of the company and hence for taking
asonable steps for the preventlon and detertlon of Iraud and other Irregularltles.
Approved by order of the members of ihe board of Trustees on 19th March 2026 and si8ned on thelr
behalf by..
A M¢Naney
Trustee
T Patteson
Trustee
Pa8e 4
## **Independent Examiners Report on the Account s of Chesham Grammar School Fund For the year ended 31[st ] August 2025**
## **Independent examiner's report to the trustees of Chesham Grammar School Fund**
I report to the trustees on my examination of the accounts of the Chesham Grammar School Fund for the year ended 31 August 2025.
## **Responsibilities and basis of report**
As the charity trustees of the Trust, 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 examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1) accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records.
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.
Mrs JM A Sorensen, MIAS The Accounting & Bookkeeping Bureau 30 School Close Holmer Green High Wycombe Bucks HP15 6SR
## **CHESHAM GRAMMAR SCHOOL FUND**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025**
|**Note**
**Income from:**
Charitable activities
3
Interest
4
**Total Income**
**Expenditure on:**
Charitable activities
5
Total Expenditure
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Restricted**
**funds 2025**|**Unrestricted**
**funds 2025**||**Total**
**funds 2025**|**Total**
**funds 2024**|
|---|---|---|---|---|---|
||**£**
**£**
91,151
96,711
4
2,040
91,155
98,751
436,753
308,123
436,753
308,123
-345,598
-209,372
401,221
329,995
-345,598
-209,372
55,623
120,623|||**£**
**£**
187,862
315,143
2,044
6,891||
|||||189,906
322,034||
|||||744,876
102,058||
|||||744,876
102,058||
|||||||
|||||-554,970
219,976||
|||||731,216
511,240
-554,970
219,976||
|||||176,246
731,216||
The Statement of financial activities includes all gains and losses recognised in the period.
The notes on pages 9 to 11 form part of these financial statements
Page 6
CHESHAM GRAMMAR SCHOOL FUND
BALANCE SHEEf AS AT 31 AUGUST 2025
2025
2024
Not•s
Current AM•ts:
Debtors
Cash and Bank
176,246
731,216
Creditor5
N•1 Curr•nt Asmts
176.246
731.216
Total assets less ¢urrnnt Ilabllltles
176,246
731.216
Net •$ts excludlni penslon ass•1
176,246
731,216
Tot•1 net assets
176,246
731,216
Ch•rSty funds
Restrlcted funds
Unrestrlcted fvnds
12
12
IZO,623
55,623
401,221
329,995
Totsl Funds
176,246
731,216
The flnanclal statements were approved and authorlsed for Isssue by the Trustees on
19 March 2026 and signed on thelr behalf bv..
INf)P.N
A McNaney
Trustee
T Patteson
Trustee
The notes on pa8es 8 to 12 form part of these flnancial statements
Pa8e 7
## **CHESHAM GRAMMAR SCHOOL FUND**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR 31 AUGUST 2025**
## **1. General information**
Chesham Grammar School Fund is a charitable trust registered in England and Wales (Charity Registration Number 1062423), the registered office address is Chesham Grammar School, White Hill, Chesham. HP5 IBA.
The description of the charity's operations and its principal activities are as stated in the trustees report.
## **2. Accounting policies**
## _**2.1 Basis of preparation of financial statements**_
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Chesham Grammar School Fund meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## _**2.2 Income**_
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
## _**2.3 Expenditure**_
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified 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 activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
Page 8
## _**2.4 Interest receivable**_
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
## _**2.5 Debtors**_
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## _**2.6 Cash at bank and in hand**_
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## _**2.7 Liabilities and provisions**_
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
## _**2.8 Fund accounting**_
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
School Trips, Events, Activities, Music has moved to Unrestricted Funds as all trip income is now accounted for in Chesham Grammar Accounts so no need for this to be restricted.
## **3. Income from Charitable Activities**
|Income from charitable activites
School trips, events and activities
**4. Investment Income**
Interest|**Restricted**
**funds 2025**
**£**
91,151
4|**Unrestricted**
**funds 2025**
**£**
96,711
2,040|**Total funds**
**2025**
**£**
187,862
2044|_Total funds_
_2024_
_£_
315,143|
|---|---|---|---|---|
|||||_Total funds_
_2024_
_£_
6891|
Page 9
## **5. Analysis of expenditure by activities**
||**Activities**||||
|---|---|---|---|---|
||**undertaken**|**Support Costs**|**Total funds**|_Total funds_|
||**directly 2025**|**2025**|**2025**|_2024_|
||**£**|**£**|**£**|_£_|
|School Activites|307,323|800|**308,123**|50,156|
|Staff Contributions|731||**731**|464|
|Expenditure from donations|420,085||**420,085**|37,001|
|Equestrian Club|15,937||**15,937**|14,437|
||**744,076**|**800**|**744,876**|102,058|
|**6. Independent examiner's remuneration**|||||
||||**2025**|_2024_|
|Fees payable to the charity's independent examiner for the|||**£**|_£_|
|independent examination of the company's annual accounts|||800|800|
|**7. Trustee's remuneration and expenses**|||||
|During the year no trustees received any remuneration or other benefits. (2020 £NIL)|||||
|During year ended 30th June 2021 no Trustee expenses have|been incurred.|(2020 £NIL)|||
|**8. Debtors**|||**2025**|_2024_|
||||**£**|_£_|
|**Due within one year**|||||
|Other debtors|||**-**|-|
|Prepayments and accrued income|||**-**|-|
||||**-**|-|
|**9. Creditors: Amount falling due within one year**|||||
||||**2025**|_2024_|
|Accruals and deferred income|||**£**|_£_|
||||**-**||
|**10. Financial Instruments**|||||
||||**2025**|_2024_|
|**Financial Assets:**|||**£**|_£_|
|Cash|||**176,246**|731,216|
|**Financial Liabilities:**|||||
|Accruals|||**-**||
Page 10
## **12. Statement of Funds**
## **Statement of Funds- current Year**
|**Unrestricted Funds**
School Development Fund Activities
Staff Activities
School Trips, Events, Activities, Music
Parental Donations
**Restricted Funds:**
Prize Fund
Equestrian Club
Staff Contributions
Charitable Donations
Pitch to Play On|**Balance at 1**
**September**
**2024**
**Income**
**Expenditure**
**Balance at**
**31 August**
**2025**
**£**
**£**
**£**
**£**
314,159
98,751
-308,123
104,787
-7,967
-7,967
-7,141
-7,141
30,944
30,944|
|---|---|
||329,995
98,751
-308,123
120,623|
||6,751
6,751
13,867
13,521
-15,937
11,451
1,826
946
-731
2,041
2,641
11,805
-14,378
68
376,135
64,884
-405,707
35,312|
||401,221
91,156
-436,753
55,623|
|||
||731,216
189,906
-774,876
174,246|
Page 11