THE FRIENDS OFTHORNTON ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2023 Charity number: 1064059 THE FRIENDS OFTHORNTON LEGAL INFORMATION Charlty number. 1064059 Tru$tee8: Mrs H Hircock Mrslwalker Mss Brown Ind8pendent Examiner: jason Franklin Cockburn Franklin Accountants Unit 5A. The Stables Croughton Bottoms Farm Tusmore Bicester Oxfordshire OX27 7SL Regi5t¢red Addr¢Bs: Thornton College Thornton Milton Keynes Buckinghamshire MK63DY Bankers: National Wesiminster Bank plc 501 Silbury Boulevard Saxon Gate East Milton Keynas MK3ER Scottish Widow5 Bank plc 67 Morrison Street Edinburgh EH38YJ THE FRIENDS OFTHORNTON CONTENTS Page Trustees, Report Independent Examiners, Report Statement of Financial Activities Balance Sheet Notes to the Accounts THE FRIENDS OF THORNTON TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGUST 2023 Introductlon & Governing Instrumènt The Charity is governed by a Conslitution dated W, November 1996 and was registered with the Charity Commissioners on 201h August 1997. The principal aims of the charity are to advance the education of the children and young persons attendingThornton College. The charity is supervised by a body of Trustees, but day to day control is delegated to. and exercised by, an Executive Committee. Objedlves The objects of the Charity are to advance the education of the children and young persons attending Thornton College. in particular by providing and assi5tingwith the provision of books. equipmeni, buildings and Oiher items and facilities at the College which would not otherwise be provided. Duringthe year the objectives ofthe Charity have been maintained through the good work of the Executive Committee and other volunteer supporters. Throughout the yearthe trust88s have paid due regard to the public benefit guidance published by the Charity Commission. Actlvlties and Results During the yeartme Executive Commiitee arranged a number of fund raising events. Details are given in the accompanying accounts. From the funds raised the charitywas able to provide equipm8nt for the benefit of various departments throughoul the College. Details are given in the notes to the a¢¢ounts. The Trustees and Executive Committee will continue to monitor the funds raised to ensur8 that they are properly used in furtherance of the Charity's objectives. Reserves Policy and Investments The Exeeulive Committee have deiermined thai a reserve of £5000 is required in order io enable itto'foward fund- evenls, particularly the annual summerfete. 8eyond this the Executive Committee lry to ensure that available funds are committed to appropriate project5 at an 8arly date. and thereforo Invest surplus funds on a temporary basis with the Charity's bankers. Revl•w of Rlsk• The Trustees consider the biggest riskto the Charity is the failure ol the Summer Fete, which is the principal fund raising activity of the year. As the Trustges do not make forward binding commitments to the college. the shortfall in income for the year would be balanced by a compensating adjustment In future support given to the College. Conclusion The Chair and her fellowTrustees thank the members of Ihe Executive Committee for the hard work they have put in during the pasl year and continue to do so for the Colleg8. Helen Hircock Chair of Trustees EXAMINERS UNQUALIFIED REPORT FOR THE FRIENDS OF THORNTON Independent examlnef s report to the trustees of The Friends of Thornton I report on the accounts of Ihe trust for the year ended 31st August 2023 which are set out on pages 3 to 6 Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144{2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to.. Examine the accounls under section 145 ofthe 2011 Act., To follow the prO￿dureS laid down on the general Directions given by the Charity Commission under section 145151{bl of the 2011 Act., and To state whether particular matters have come to my attention. Basis of independent examlnerfs report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review oflhe accounting records kept by the charity and a comparison of the accounts presented with the records. It a150 includes consideralion of any unusual items or disclosure in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters sel out in the statement below. Independent examinarfs statement In connection with my examination, no matter has come to my attention: {1) Which gives me reasonable cause to believe that in any material respect the requirements.. To keep a¢counting records in accordance with section 130 of the 2011 Act., and To prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act Have not been met., or 12) To which, in my opinion, attention should be drawn in order lo enable a proper understanding of the accounts to be reached. Name: Jason Franklin Relevant professional qualification or body: MAAT Address.. Unit SA, the Stables, Croughton Bottoms Fami, Tusmore, Bicester, Oxon, OX27 7SL Date.. 2181 March 2025 ThE FRIENDS OFTIIOAHTON F(XIIHE YEAR ENDING JIA￿UST1013 Si.J2150 4.021J2 Ctrit¢mMFwfi• NurtyN•* .45&45 IkrtPts￿G1ftwV Flr•wc*J IqnJ.92 1(*7.61 35I3LS4 49.74&51 F•tsEJp•n*s 7,793.67 4J57X• C￿L￿A￿lF￿ Lll7.55 1.754.J2 L701A4 1034.50 2.1*3D E•x¢r 22&55 .n4AO oard•rsD•y InxY•rtco 11&74 BIrtCh*l•* lTrM¢•s(A*dtoThDrmc othWknc￿lscL￿ShwId0wS¥￿M 4.92 DrNvortioSYial&*erMei•ni LtyY).rw) 14AO3.16 6274.92 19AM72 THE FRIENDS OF THORNTON JKE SHEEr A5 AT 31AUGV5T IOIJ FIAedl4*ts 1.09&33 Cwr•ntA%yeti 5to¢klNe•rtyNew>wl StocklheidthYwfromF•t•l Debtor5. FLNIRii¥wktkn¢hs Ptep•YMnts. Lea￿￿￿li C•*bat Banka1￿1￿ Harml 45.W.66 777.58 45.883.80 777A8 Cwr•nt UablUtI•s Crethtor5 kcru•LslCMth5FayT•StaliF•ul NetCmrt*39èti ISA￿16 31.787A8 TrtalAwets 4&53L99 Jx Repfe*ffledtrr.. iknieArlctedfiKMtsdth•C￿11lY et iSeM¢n*ef2022 Reialmd L3ty03 01.96 11715.32 19.414.n lsat 31Ayt2023 531.99 IX04 HeienHlr¢ock Chainrnn Tru5t*e THE FRIENDSOFTHORNTON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2023 Accounting policies Aceountlng conventlon The financial statements have been prepared underthe historical Cost convention in accordance with Accounting and Reporting by Charities-Statem8nt of Recommended Pra¢ti¢e ISORPI 2005. although some of the presentalion has been changed to reflect the particular circumstances of the Charity. There has b88n no change io accounting policies since last year. Fund ralslng Income Income is recLignised at the point on which it is receivable by the Charity. Tanglblo flxed assets and d&preciation Tangible fixed assets are stated at cost less rtepreciation. Depreciation is providèd at rat8s calculated to wrlte off the cosi less estimated residual value of 8ach ass81 over its expected useful life as follows-. Furniture & Equipment 25% straight line Stock Stock is valued ai the lower of cost and net realisable value. R8muneration of trusto88 None of the trustees or management committee received any remuneration duringthe year. However expenses properly incurred in tha furtherance of the charity's activity were reimbursed. Tangible fixed asset$ Furnltur¢ & Equipment Cost As at 1 Sepiember 2022 Additions during year 11.438 1,965 Total as al 31 August 2023 13.403 Depreciation As at 1 September 2022 Charge forthe year 11.096 1.209 Total 8$ at 31 August 2023 12.305 Net book values As at 31 August 2023 1.098 As at 31 August 2022 342 THE FRIENDS OF THORNTON NOTESTOTHE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2023 (CONTINUED) Stock 2023 2Q22 Stock- Nearly New Shop Stock- Held over from F8ie TOTAL Donations to Thornton Collgge Thornton College Picnic Bench Educational Resources Police Dogs 722 5,553 1.000 TOTAL £ 1.000 £ 6,275