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2023-08-31-accounts

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. COMPANY REGISTRATION NUMBER 03552663 Charity Number 1069996

SUPPORT TIFFIN GIRLS’ SCHOOL COMPANY COMPANY LIMITED BY GUARANTEE UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

Moore (South) LLP Chartered Accountants Suite 3, Second Floor Friary Court 13-21 High Street Guildford Surrey GU1 3DG

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SUPPORT TIFFIN GIRLS’ SCHOOL COMPANY . COMPANY LIMITED BY GUARANTEE

FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2023

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|||||| |---|---|---|---|---| |CONTENTS|PAGE| |Trustees’|annual report|1-5| |Independent examiner's report to the members|6| |Statement|of financial|activities|(incorporating|the| |income|and|expenditure|account)|7| |Balance|sheet|,|8| |Notes|to the|financial|statements|9-16|

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SUPPORT TIFFIN GIRLS' SCHOOL COMPANY COMPANY LIMITED BY GUARANTEE

TRUSTEES’ ANNUAL REPORT YEAR ENDED 31 AUGUST 2023 |

The trustees, who are also directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 Angust 2023,

REFERENCE AND ADMINISTRATIVE DETAILS

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Registered charity name Support Tiffin Girls' School Company

Charity registration number 1069996 _ 4 Company registration number 03552663 Registered office The Tiffin Girls’ Schoo! Richmond Road Kingston Upon Thames Surrey KT2 5PL . The Trustees The trustees who served the charity during the period were as follows: Mr I Keary (Chair) Mrs A Bearman Dr D Epstein (Appointed 6 March 2023) MsAC Gillard. - Ms M Kearney (Resigned 17 November 2022) Mr A Russell

Secretary

Mrs R Fubraj (Resigned 31 August 2023) Ms M Cubitt (Appointed 1 September 2023)

Independent Examiner Examiner

Independent Examiner Examiner Moore (South) LLP Suite 3, Second Floor Friary Court 13-21 High Street Guildford Surrey GU1 3DG Solicitors Browne Jacobson LLP 15® Floor 6 Bevis Marks LondonEC3A 7BA Bankers Lloyds Bank ple 25 Gresham Street London EC2V 7HN

Investment Managers Flagstone Investment Management Clareville House 26-27 Oxendon Street London SWLY 4EL

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SUPPORT TIFFIN GIRLS‘ SCHOOL COMPANY COMPANY LIMITED BY GUARANTEE

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 AUGUST 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Support Tiffin Girls' Schgol Company was incorporated on 24 April 1998 as a charitable company (limited by guarantee). It is registered with the Charity Commissioner under Charity No. 1069996, The charitable company was established under a Memorandum ofAssociation which established the objects and powers ofthe charitable company and is governed under its Articles of Association. In the event of the company being wound up members are each required to contribute an amount not exceeding £10.

The directors agreed by special resolution dated 28 June 2022 for the Articles of Association of the company to be deleted in their entirety and replaced with new Articles of Association. The new Articles of Association are based on the current model published by the Charity Commission and the charity’s objects are unchanged.

Recruitment and Appointment of directors =

The directors of the charitable company are.also charity trustees for the purposes of charity law, Under the requirements of the Memorandum and Articles of Association, the minimum number of directors is five and no more than two shall be current employees of The Tiffin Girls’ School (ex-officio directors). The remainder of the board shall be comprised of directors not currently employed by the school (independent directors).

Ex-officio directors shall be eligible to remain a director for as long as they remain in the employment of the school. Independent directors shall serve a maxinmum of three terms of office of three years each. In the year under review, Mr I Keary (Chair) and Ms E Kilburn served as ex-officio directors, Ms M Kearney resigned on 17 November 2022 and Dr D Epstein was appointed as director on 6 March 2023 for.a first three-year term.

The directors comprise two senior managers of The Tiffin Girls’ School (one of whom is also an alumna), three parents and one further alumna, providing the knowledge of the school’s requirements and long-term plans, as well as experience and commercial acumen from industry and the charity sector, whilst still being an interested party.

The Charity endeavours to ensure that new recruits bring additional skills or specialisations in order to maintain the balance and effectiveness of the Board. Vacancies are advertised to the parent body and alumnae and interviews are conducted by existing trustees.

Trustee induction and training

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The trustees are given appropriate training in order to fulfil their duties in line with the charity objectives. Relevant guidance on the duties of trustees is obtained from the Charity Commission website or publications.

Risk management

The trustees have assessed the major risks to which the charitable company is exposed, in particular those related to the operations and finances of the company, and are satisfied that systems are in place to mitigate exposure to such risk. The risk register is reviewed by trustees at least annually.

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SUPPORT TIFFIN GIRLS’ SCHOOL COMPANY COMPANY LIMITED BY GUARANTEE

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TRUSTEES’ ANNUAL REPORT (continueg) YEAR ENDED 31 AUGUST 2023

Organisational structure

The charitable company is managed within the school organisation. The directors’ decision-making process is to call a meeting giving 7 days notice of the intended meeting. A decision is made using a majority vote. The Chair has the casting vote. There are no employees of the charitable company. The Finance Office of the School maintains accounting and other records of the charitable company, under the supervision of ons ofthe directors. 4 a , Related parties ae ae The charitable company has close links with the School and with the Governing Board. It has no connection with other companies or charities. ;

OBJECTIVES AND ACTIVITIES

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To advance the education of the pupils at The Tiffin Girls' School by supplementing the educational provision and facilities at the school for sport, art, music, ICT and subjects of the national curriculum where the funds made available by the Education Schools Funding Agency. (ESFA) and other Department for Education funding (Df£) for the purpose are insufficient to meet the cost of the same and by supporting the health and welfare of the pupils at the school. — . —_

In planning their activities for the year, the Trustees have kept in mind the Charity Commission’s guidance on public benefit.

Activities

The activity ofthe Support Tiffin Girls' School Company (STGSC) during the year was that of'a school charity.

The Governing Board report of The Tiffin Girls' School, covering academic year 2022/23, includes activities of the school that have benefitted the community in several areas. This includes educational support for local primary schools both by staff and students, and encouraging students to demonstrate concern for others through many community activities and fundraising for good causes. The school's sports facilities are used by local secondary schoois and by local residents during evenings, weekends and in school holidays. STGSC contributes to this by providing grants to improve educational and sports facilities at the school, specifically donating significant funds to the new Sports Centre development. This gives students a broader range of opportunities and experiences, and enables the school to contribute to the wider community.

ACHIEVEMENTS AND PERFORMANCE

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The money raised by STGSC has been used to support a wide range of activities in the School including Music, PE, Drama, Art and DT, as well as other curriculum areas, IT, school facilities and the welfare of the students.

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SUPPORT TIFFIN GIRLS’ SCHOOL. COMPANY COMPANY LIMITED BY GUARANTEE

TRUSTEES’ ANNUAL REPORT (continued)

YEAR ENDED 31 AUGUST 2023

2022-2023 achievements

During the last academic year, STGSC made grants totalling £72,000 (2022 - £72,000) towards the cost of curriculum enrichment activities for students and their wellbeing. This enabled The Tiffin Girls’ School to provide 67% more resources to support teaching and Jearning than would have been possible within the school’s annual government funding. In addition, department specific resources for DT, Art, PE, Music and Drama were purchased. Items purchased include:

STGSC also made grants of£92,000 towards the costs ofreplacing audio-visual and lighting equipment in the school’s Main Hail, £21,410 to fund new computers in the learning resources centre and £7,838 for the purchase of 10 rowing machines for PE.

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FINANCIAL REVIEW

The total of funds raised, including tax refunds, in the year was £269,826 (2022 - £315,786). The total expenditure in the year amounted to £203,012 (2022 - £151,794). This left reserves at the year end of £496,515 (2022 - £429,701). ,

At the year end, £383,896 (2022 - £400,735) was held through the Flagstone Investment Management Platform ofwhich £305,362 (2022 - £325,155) represented cash deposits with maturity dates over three months in a range ofUK financial institutions,

Reserves policy

The Support Company’s policy is to aim to retain a minimum level of unrestricted reserves of £250,000 which is based on sufficient to cover three years of annual enrichment grants of £72,000 to TTGS. The level of unrestricted reserves held at any point may be above this level reflecting the need to accumulate unrestricted reserves to provide grants for major capital expenditure to TTGS, typically providing cofunding alongside government funding, The most recent such grants were £445,000 for the new sports hall in the year ended 31 August 2021 and £682,942 for the Rivermead building across the three years ended 31 August 2020. The trustees may temporarily agree a lower minimum level of unrestricted reserves where compelling circumstances apply. This policy was last reviewed in June 2023.

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Principal funding sources

The parents of students and the local community are the chief donors. They receive annual updates on STGSC’s expenditure on projects and plans for the future.

The Gift Aid recovery for the year was £49,596 (2022 - £52,614).

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SUPPORT TIFFIN GIRLS' SCHOOL COMPANY COMPANY LIMITED BY GUARANTEE - TRUSTEES’ ANNUAL REPORT (continued)

‘YEAR ENDED 31 AUGUST 2023

Investment policies and objectives - a Funds are either held in a current account with Lloyds Bank ple or invested via low risk Flagstone Investment Management accounts. The assets are held on the Flagstone platform, where they are spread across accounts with different banks and varying forms of withdrawal to ensure that all funds are covered by the FSCS guarantee. Interest received-on investments is recognised in the accounts at the time the investment matures. Investments decisions are approved by three trustees, two of whom must be independent (i.e. not ex-officio). The investment policy willbe reviewed on a regular basis.

PLANS FOR FUTURE PERIODS

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In October 2023 grants were made of £30,000 to support the Music, Art, PE, Drama and DT departments, and £42,000 for additional teaching and learning resources across a wide range of curriculum areas.

At the point ofsigning the financial statements the STGSC has committed £10,000 towards an Education Support Fund to help those families who have difficulties in paying for aspects of school life. Furthermore, STGSC is looking at supporting the refurbishment of a set of PE changing rooms in conjunction with The Tiffin Girls’ School Parent Association (PSA).

INDEPENDENT EXAMINER

Moore (South) LLP were appointed as independent examiners of STGSC.

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This report has been prepared in accordance with the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard 102. The trustees have taken the exemptions permitted by section 1A. In preparing this report the trustees have taken advantage of the small companies exemptions provided by Section 415A of the Companies Act 2006,

This Annual Report was approved by the Board of Trustees on 22 May2024 and is signed on their behalf by:

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Mr I Keary ;
Charity Chair
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Dated: 22 May 2024

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SUPPORT TIFFIN GIRLS' SCHOOL COMPANY COMPANY LIMITED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT YEAR ENDED 31 AUGUST 2023

Independent Examiner's Report to the Members of Support Tiffin Girls’ School Company

I report to the charity trustees on my examination of the accounts ofthe company for the year ended 31 August 2023 which are set out on pages 7 to 16.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’),

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). Tn carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement a, Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in Section 145 of the 2011 Act. I confirm that Iam qualified to undertake the examination because I am. a member ofICAEW, which is one ofthe listed bodies.

I have completed my examination, I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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: Owe Danielle Griffin FCA Moore (South) LLP Suite 3, Second Floor Friary Court 13-21 High Street Guildford Surrey GUI 3DG

Dated: 22 Nay ALL.

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SUPPORT TIFFIN GIRLS’ SCHOOL COMPANY COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANGIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT)

YEAR ENDED 31 AUGUST 2023

Restricted Restricted Unrestricted TotalFunds Total Funds
Funds Funds 2023 2022
Note £ £ £ £
INCOMINGRESOURCES _" ;
Donationsandlegacies 2 3,597 255,944 259,541 297,045
Othertradingactivities 3 5 - - 14,103 .
Investmentincome 4 - 10,285 © 10,285 4,638
TOTALINCOMING “ by 8
RESOURCES 3,597 266,229 269,826 315,786
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RESOURCESEXPENDED
Raisingfunds
Charitableactivities		 5
6		 -
(3,597)		 (1,850)
(194,912)		 (1,850)
(198,509)		 (6,970)
(142,621)
Other 7 - (2,653) (2,653) (2,203)
TOTALRESOURCES
EXPENDED (3,597) (199,415) (203,012) (151,794)
NETEXPENDITURE ~ 66,814 66,814 163,992
Transfer - - - -
NETMOVEMENTINFUNps 7 66,814 66,814 163,992
Totalfundsbroughtforward - 429,701 429,701 265,709
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TOTALFUNDSCARRIED
FORWARD
:		 2% ‘les *496,515 496,515 429,701

The Statement ofFinancial Activities includes all gains and losses in the year.

All ofthe above amounts relate to continuing activities.

The notes on pages 9 to 16 form part of these financial statements.

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SUPPORT TIFFIN GIRLS' SCHOOL COMPANY COMPANY LIMITED BY GUARANTEE

BALANCE SHEET

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|||||| |---|---|---|---|---| |31|AUGUST|2023| |2023|2022| |Note|£|£|£|£| |CURRENT ASSETS| |Investments|11|305,362|525,115| |Debtors|12|3,568|6,652| |Cash|at bank and in hand|219,733|100,297| |528,663|432,064| |CREDITORS:|Amounts falling due| |within one year|13|(32,148)|(2,363)| |NET CURRENT ASSETS|496,515|429,701| |TOTAL ASSETS LESS CURRENT LIABILITIES|496,515|429,701| |NET ASSETS|_|#8|496,515|429,701| |FUNDS| |Restricted income|funds|14|-|-| |Unrestricted income|funds|15|496,515|429,701| |TOTAL FUNDS|496,515|429,701|

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For the year ended 31 August 2023 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Trustees’ responsibilities:

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and the charities Statement of Recommended Practice and Financial Reporting Standard 102.

These financial statements were approved by the Trustees and authorised for issue on 22 May 2024 and are signed on their behalf by:

MrIa

Company Registration Number: 03552663

The notes on pages 9 to 16 form part of these financial statements.

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SUPPORT TIFFIN GIRLS' SCHOOL COMPANY COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS — YEAR ENDED 31 AUGUST 2023

1. ACCOUNTING POLICIES

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Charitable Company Status

The charitable company is limited by guarantee and has no share capital. The charitable company is incorporated in England and Wales. The directors of the charitable company are the trustees named on page 1. In the event of the charitable company being wound up, the liability in respect of the guarantee is limited to up to £10 per member. The address of the principal office is given in the Reference. and Administrative Details given on page 1 of these financial statements. The nature ofthe charitable company’s operations and principal activities are explained in the Trustees’ Report, ae i Bs * . ey

The charitable company: constitutes a public bénefit entity as defined by FRS102.

Basis of Preparation of Preparation Preparation —

Basis of Preparation of Preparation Preparation — . _ ty, SES = =, The financial statements have been prepared in accordance with 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 (FRS102), the Charities Act 2011 and the Companies Act 2006.

The financial statements are prepared on a going concern basis under the historical cost convention modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency and have been rounded to the nearest pound.

Incoming Resources

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All incoming resources are included in the Statement of Financial Activities when the charitable company is legally entitled to the income and the amount can be quantified with reasonable certainty. .

Income from parental donations are accounted for when they are received.

Income from other trading activities is accounted for when it is received,

Gift aid is accounted for on the donations received in the year,

Investment income is recognised in the period the charity is entitled to receipt.

Gifts in Kind

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When the charity receives donated auction prizes the trustees place an estimated value on those items, to best reflect what the costs ofacquiring these prizes would be. This value is shown within other trading activities and fundraising costs.

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SUPPORT TIFFIN GIRLS' SCHOOL COMPANY COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2023

1. ACCOUNTING POLICIES (continued)

Resources Expended and Irrecoverable VAT

All expenditure is accounted for on an accruals basis and is inclusive of irrecoverable VAT. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the obligation can be measured teliably. Expenditure is classified under the following activity headings:

Allocation of Support Costs

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Support costs are those functions that assist the work of the charitable company, but do not directly undertake charitable activities. These costs are allocated between fundraising and charitable activities on basis per Note 8.

Debtors .

Trade and other debtors are recognised at the settlement amount due.

Cash at Bank and in Hand

Cash at bank and in hand includes cash and short term highly liquid investments with short maturity of three months or less from the date of acquisition or opening ofthe deposit or similar account.

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Investments

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The investments held are all cash balances, held with various UK financial institutions with original maturity dates.of over 3 months. The year end valuation is the cash held at that date.

Creditors

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Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Financial Instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

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SUPPORT TIFFIN GIRLS’ SCHOOL COMPANY COMPANY LIMITED BY GUARANTEE

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NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2023

1. ACCOUNTING POLICIES (continued). * mg Taxation a .

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

Funds

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STGSC reviews incoming resources and allocates them between Restricted and Unrestricted Funds as appropriate:

Judgements and Key Sources of Estimation Uncertainty

In the application of the charitable company’s accounting policies, the Trusteés are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources, - The estimates and associated assumptions are. based on historical experience and other factors that are considéred to be relevant, Actual results: may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period which the estimate is revised where the revision. affects only that period, or in. the period ofthe revision and future periods where the revision affects both current and future periods.

The Trustees have considered the assumptions and there are no areas requiring judgement or estimation in the accounts.

  1. DONATIONS AND LEGACIES
Restricted Unrestricted TotalFunds TotalFunds TotalFunds
Funds Funds 2023 2022
z £ £ £
Donations
Parental contributions - 208,095 208,095
Otherdonations 1,085 765 1,850 24,232
Taxreimbursements 2,512 47,084 49,596 52,614
3,597 255,944 259,541 297,045

In 2022 £24,232 of the other donations were restricted.

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SUPPORT TIFFIN GIRLS’ SCHOOL COMPANY COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2023

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3. OTSER TRADING ACTIVITIES
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Restricted Unrestricted Unrestricted TotalFunds TotalFunds TotalFunds
Funds Funds 2023 2022
£ £ £ £
Dinnerandauction - - - 10,676
Gifts inkind - - - 3,427
- - “ 14,103
4. INVESTMENTINCOME
Restricted Unrestricted TotalFunds Funds TotalFunds
Funds ' Funds - 2023 2022
£ eg. £ £
Bankinterestreceivable - 10,285 10,285 4,638
In2022none ofthebankinterestwas restricted.
5, FUNDRAISINGCOSTS
Restricted Unrestricted TotalFunds TotalFunds
Yunds Funds 2023 2022
. £ £ £ £
Investmentmanagement fees - 943 943 473
Dinner andauction costs - ™ - 2,651
Fundraisingregulator - 50 50 50
Supportcosts (Note 8) - 857 857 369
Gifts inkind - ” - 3,427
“ 1,850. 1,850 6,970

In 2022 all fundraising costs were unrestricted.

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SUPPORT TIFFIN GIRLS' SCHOOL COMPANY COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2023

6. CHARITABLE EXPENDITURE

Restricted Restricted Unrestricted TotalFunds ‘TotalFunds
Funds Funds 2023 * 2022
TheTiffin Girls’ School & £ £ £
Enrichment
SportsHallEquipment		 -
3,597		 72,000
oo		 72,000
3,597		 72,000
35,000
Audio&LightingEquipment ~ 92,000 92,000 -
Fit fortheFuture oo = - 33,428
JohnWalls . ~ co. 99
RowingMachines - 7,838 7,838 -
PCs
TOGA-—digital archiving		 = = © ; © ~ 21,410
~		 21,410
-		 “i
1,200
3,597 193,248 196,845 142,621
In2022 all charitablecostswereunrestricted.
7, OTHERCOSTS E
Restricted: Unrestricted TotalFunds TotalFunds
Funds Funds 2023 2022
£ £ £ £
Independentexaminer's fees - 1,300 1,300 1,300
Accountant’s fees af : - 890 890 890
Underaccrued lastyear(taxation
services) - 450 450 “
Directorinsurance - 912 912 894
Filing fee - 13 13 13
a 2,653 2,653 2,203

In 2022 all governance costs were unrestricted.

8. SUPPORT COSTS

Basisof Fund
allocation raising Charitable Total2023
£ £ =
Bankandcreditcardcharges
Directdebitsoftware		 Actual
Actual		 32
825		 “
-		 32
825
857 - $57

Tn 2022 all support costs were unrestricted.

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SUPPORT TIFFIN GIRLS’ SCHOOL COMPANY COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2023

5. STAFF COSTS AND EMOLUMENTS

There were no employees during the year (2022 — None).

10. TRUSTEES

No Trustee received any remuneration or was remunerated for any expenses during the period (2022 - £Nif).

During the year 2 Trustees (2022 — 3) made donations totalling £1,800 (2022 - £900). In 2021-22 1 Trustee donated an item valued at £200 to a charity auction.

11. INVESTMENTS
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.		 2023 2022
CashdepositswithUKfinancialinstitutions 305,362 325,155
12, DEBTORS
2023 2022
£ £
Income taxrecoverable 3,568 3,701
Acemiedincome - 943
Otherdebtors . - 2,008
3,568 6,652
13. CREDITORS: Amountsfallingduewithinoneyear
2023 2022
£ £
Grants - .
Other creditors - 215
Accruals 2,148 2,148
2,148 2,363

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SUPPORT TIFFIN GIRLS' SCHOOL COMPANY COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS

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__ . YEAR ENDED 31 AUGUST 2023 —
14, RESTRICTED INCOME FONDS a 4s ~~ 5 »~
Balanceat Incoming Ouigoing Transfer Balance at
1 Sep 2022 resonrces resources 31 Aug 2023
£ £ £ £
Fit for the Future - 3,597 3,597) - J
Analysis of restricted income funds for year ended 31 August 2022
Balanceat Incoming Ontgoing Transfer Balance at
1Sep 2021 resources _ resources 31 Aug 2022
£ £- £ £
John Walls Memorial Fund 98 ca ~ os | 1 =
Fit for the Future i og _ 38,335, 39,506) ~—s 1,E71 oss
98 38,335 (39,605) 1,172 -
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The John Walls Memorial Fund was created after the death of John Walls, Head of Languages, and is specifically for the use of language based projects.

The Fit for the Future Fund was set up specifically to fiindraise for equipment for the new sports centre.

  1. UNRESTRICTED INCOME FUNDS

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|||||||| |---|---|---|---|---|---|---| |Balance|at|Incoming|Outgoing|Transfer|Balance at| |1|Sep 2022|resources|resources|31 Aug 2023| |£|£|£|£| |General Funds|429,701|266,229|(199,41|5)|-|496,515| |Analysis of unrestricted income funds for year ended 31|August 2022| |Balance at|Incoming|Outgoing|Transfer|Balance at| |1|Sep 2021|resources|= resources|31 Aug 2022| |£|£|£|£| |General Funds|265,611|277,451|(112,189)|(1,172)|429,701|

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NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2023

16. ANALYSIS OF NET ASSETS BETWEEN FUNDS

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|||||| |---|---|---|---|---| |Net current| |assets|Total| |£|£| |Restricted Income Funds:| |Fit|for|the Future|-|-| |Unrestricted Income Funds|496,515|496,515| |Total Funds|.|496,515|496,515|

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Analysis of net assets between funds for year ended 31 August 2022

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||||||| |---|---|---|---|---|---| |Net|current| |:|soe|—|assets|Total| |Restricted Income Funds:| |John Walls Memorial Fund|“|si| |Fit for the Future|-|-| |Unrestricted Income Funds|«|©|ve|429,701|429,701| |Total Funds|429,701|429,701|

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17. RELATED PARTY TRANSACTIONS

There was no single controlling party.

No other transactions with related parties were undertaken which would require disclosure.

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