**Charity No 1069992** Buckland Old School Trust Trustees’ Reports and Accounts For the Year Ending 31[st] March 2024. Buckland Old School Trust 1 **Charity No 1069992** |Contents|Page No| |---|---| |Charity Information|3| |Trustees’ Report|4-5| |Independent Examiner’s Report|6| |Income and Expenditure Report|7| |Notes to the Accounts|8| |Expenditure Report|10| Buckland Old School Trust 2 **Charity No 1069992** Charity Information Trustees Carole Paternoster Philip Hedges Pauline Graves Reverend Sally Bottomer Nigel Hayward Charity No 1069992 Charity Offices Queensmead Buckland Near Aylesbury HP22 5HZ Independent Examiner KDA Accountants Ltd 9 Bessemer Crescent Aylesbury HP19 8TF Bankers Lloyds & Nat West Banks PLC Buckland Old School Trust 3 **Charity No 1069992** The Trustees present their report and account for the year ending 31[st] March 2024 Trustees The Trustees named on page 1 of this report have served the charity throughout the financial year except where stated. Appointment of the Trustees’ is governed by its constitution of the charity. The board of Trustees is authorised to appoint new Trustees to fill vacancies arising through the resignation or death of an existing Trustee. Investment Powers The Trustees’ have been empowered to make investments on behalf of the charity through a trust deed. Constitution, Objects and Policies Activities and Achievements Rental of the cottage in the grounds. Hall activities are to hire the hall for various local societies, clubs and parties Key member of staff, there is no key member of staff as there are no employees. The trustees are on continual training to keep abreast with current charity commission legislation Buckland Old School Trust 4 **Charity No 1069992** ## Trustees’ Report for The Year Ending 31[st] March 2024 Over the past year there have been no changes to the trustees but with the continued hard work all past and present trustees, the hall is maintained and provides a quality service to local community groups. Statement of Trustees Responsibilities The Trustees are required under the constitution of the charity to prepare financial statements for each financial year. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention of fraud and other irregularities. ## Reserves The Trustees’ consider that reserves held are sufficient to continue the support of the Buckland Old School Trust in future years. ## Risk The Trustees actively review the major risks which the charity faces on a regular basis and have also examined other operational and business risks faced by the charity. The Trustees confirm that they have established systems to mitigate the significant risk. Approval This report was approved by the Trustees on the _______________ and signed by the Treasurer on their behalf. __________________________ Date__________________ Chairperson 5 **Charity No 1069992** ## Independent Examiners Report I am reporting to the Trustees’ of Buckland Old School Trust on the accounts for the years end 31[st] March 2024, as set out in pages 8 to 10 of this report. ## Respective Responsibilities of the Trustees’ and Examiner The charity’s Trustees consider that an audit is not required for their accounts under section 43(2) of the charities act 1993, and that an independent review is required. It is my responsibility. - To examine the accounts (under section 43 of the Act). - To follow the procedures laid down in the general directions given by the Charity Commission (under section 43(7)(b) of the act. - To state whether matters have come to my attention. Basis on Independent Examiners’ Report My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanation from the Trustees’ concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit of the accounts. Independent Examiner’s Statement During my examination, there were items that came to my attention, these have been addressed for forthcoming accounts. Which gives me reasonable cause to believe that, in any material respect, the Trustees have met the requirement to ensure that. Proper accounting records are kept in accordance with section 41 of the act. Accounts are prepared which agree with the accounting records and comply with the accounting requirements of the act. To which in my opinion, attention should be drawn in order to obtain a proper understanding of the accounts to be reached. I can confirm that none of the Trustees or related parties have gained any advantage or have been paid by the charity for any services. Signed: __________________________ Date_________________ KDA Accountants. 6 **Charity No 1069992** Income and Expenditure for the year ending 31[st] March 2024 |Income
Hire of Hall
House Rental Income
Interest /Other
Refunds
Total
Cost of Sales
Commission
Charitable Expense
Total
Gross Profit / Loss
Distribution Costs
Administration Costs
Other Operating Costs
Surplus / Loss on Ordinary Activities
Represented By:
Balance BFD
Surplus / Loss
Current Accounts
Balance TBCF
Reserves
Balance BFD
Reserve Accounts
Balance|Year To
2024
£
18,598
10,206
0
713
29,517
0
0
0
29,517
0
-57,927
0
-57,927
-28,410
24,312
-28,410
31,180
27,081
60,847
87,928|Year To
2023
£
10,859
12,739
0
0| |---|---|---| |||23,598| |||0
0| |||0| |||| |||23,598| |||0
-19,128
0| |||-19,128| |||| |||4,470| |||4,470
51,021| |||55,491| |||65,120| |||120,611| 7 **Charity No 1069992** ## Buckland Old School Trust ## Notes to the Accounts for the Year Ending 31[st] March 2024 ## 1. Accounting Policies Bases of Preparation of Accounts The accounts are prepared on the receipts and payments basis and include the results of the charity’s operations which are described by the Trustees’ report, all of which are continuing. The charity has taken advantage of the exemption in financial reporting standard number 1, from the requirement to produce a cash flow statement on the grounds that it qualifies as a small charity. ## Income All income is accounted for as received by the charity. The income is shown gross, with the associated costs included in the expenses, except for items where the charity receives money for re-imbursement for costs expended. Income coming from under these headings is deducted from the expenditure to which it relates. ## Value Added Tax VAT is not recoverable by the charity and as such is included in the relevant costs in the receipt and payments account. Study Grants Restricted income and Expenditure. The charity restricted revenue has been expended properly throughout the year. _________________ _________________ Chairperson Date 8 **Charity No 1069992** This Page Does Not Form Part of the Accounts and Is for Information Only Detailed Expenditure Report for the Year 31[st] March 2024 . ## BOST BANK ACCOUNTS AS AT 31ST MARCH 2024 |Lloyds Treasurers Account||£15,515.42| |---|---|---| |Lloyds Bus. Instant
Account||£51,327.20| |Nat West Current Account||£11,566.12| |Nat West Business
Reserve||£9,519.42| |**Total**|£87,928.16|| 9 **Charity No 1069992** ## Administration Costs ||Hall||House| |---|---|---|---| ||2024||2024| ||£||£| |Gas|2,461.00|Repairs|36,411.00| |Electricity|1,104.00|Replacement|1,212.00| |Water|123.00|Insurance|3,393.00| |Cleaning|4,800.00|Rates|349.00| |Gardening|2,400.00|Clean|919.00| |||Gas &|| |Annual checks|1,647.00|Electric|527.00| |Repairs|1,820.00|Service|136.80| |Admin|144.00|Accounts|480.00| 14,499.00 43,427.80 10