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2023-03-31-accounts

Pages
Trustees'
Annual
Report		 2to5
Independent
Examiner's		 Report 6to 6
Statement
of Financial Activities		 7to7
Balance Sheet Bto8
Statement
ofCash flows		 14to 14
Notes tothe Accounts 9to13
Detailed Statement
of Financial Activities		 15to 16

Statement ofFinancial Activit
forthe year ended 31March		 ies
2023
Unrestricted Restricted
funds funds Total funds Total funds
2023 2023 2023 2022
Notes E E E E
Income and endowments
from:
Donations
and legacies		 (2) (2)
Charitable
activities		 136,652 136,652 75,929
Other 287 287
Total 136,937 136,937 75929
Expenditure
on:
Raising funds 5,795 5,795 2,490
Charitable
activities		 72,139 72,139 124,348
Other 1,940 1,940 1,928
Total 79,874 79,874 128,766
Net gains on investments
Net income/(expenditure) 57,063 57,063 (52,837)
Transfers between
funds
Net income/(expenditure)
before other gains/(losses) 57,063 57,063 (52,837)
Other gains and losses
Net movement
in funds		 57,063 57,063 (52,837)
Reconciliation
offunds:
Total funds brought forward 58,915 60,000 118,915 171,752
Total funds carried forward 115,978 60,000 175,978 118,915

Thornhill
School Asso
Balance Sheet
at 31March 2023		 Thornhill
School Asso
Balance Sheet
at 31March 2023		 ciation
Charity No. 1094597 2023 2022
6 6
Current assets
Debtors 10 25,000
Cash at bank and in hand 177,778 95,715
177,778 120,715
Creditors: Amount falling due within one year 11 (1,800) (1,800)
Net current assets 175,978 118,915
Total assets less current liabilities 175,978 118,915
Net assets excluding pension asset or liability 175,978 118,915
Total net assets 175,978 118,915
The funds ofthe charity
Restricted funds 12
Restricted income funds 60,000 60,000
60,000 60,000
Unrestricted
funds		 12
General funds 115,978 58,915
115,978 58,915
Reserves 12
Total funds 175,978 118,915

last year and no chan last year and no chan last year and no chan ges have been made to accounts for previous years.
Fund accounting
Unrestricted funds These are available for use at the discretion ofthe trustees in furtherance of the
general objects ofthe charity.
Designated funds These are unrestricted
funds earmarked
by the trustees		 for particular purposes.
Revaluation funds These are unrestricted
funds which include a revaluation		 reserve representing the
restatement
of investment
assets at their market values.
Restricted funds These are available for use subject to restrictions
imposed		 by the donor or through
terms ofan appeal.
Income
Recognition of Income is included
in the Statement of Financial Activities		 (SoFA) when the charity
income becomes entitled to, and virtually
certain to receive, the		 income and the amount of
the income can be measured
with sufficient
reliability.
Income with related Where income has related expenditure
the income and		 related expenditure is
expenditure reported gross in the SoFA.
Donations and Voluntary
income received
by way ofgrants, donations		 and gifts is included in the
legacies the SoFA when receivable and only when the Charity has unconditional entitlement
tothe income.
Tax reclaims on Income from tax reclaims
is included
in the SoFAat the		 same time as the
donations and gifts gift/donation
to which it relates.
Donated services These are only included
in income (with an equivalent
amount
in expenditure)
and facilities where the benefit tothe Charity
is reasonably
quantifiable,		 measurable and
material.
Volunteer help The value ofany volunteer
help received
is not included		 in the accounts.
Investment income This is included
in the accounts when receivable.
Gains/(losses)
on		 This includes
any gain or loss resulting
from revaluing
investments
to market		 value
revaluation offixed at the end ofthe year.
assets
Gains/(losses)
on		 This includes
any gain or loss on the sale of investments.
investment assets

Expenditure Expenditure
Recognition of Expenditure
is recognised
on an accruals basis. Expenditure
includes any VAT which
expenditure cannot be fully recovered,
and is reported
as part ofthe expenditure
to which
it
relates.
Expenditure on These comprise the costs associated
with attracting
voluntary		 income, fundraising
raising funds trading costs and investment
management
costs.
Expenditure on These comprise the costs incurred
by the Charity
in the delivery ofits activities and
charitable activities services
in the furtherance
of its objects, including the making		 ofgrants and
governance
costs.
Grants paya ble All grant expenditure
is accounted for on an actual paid basis		 plus an accrual for
grants that have been approved
by the trustees at the end of		 the year but not yet
paid.
Governance costs These include those costs associated
with meeting the constitutional
and statutory
requirements
ofthe Charity,
including
any audit/independent		 examination
fees,
costs linked tothe strategic management
ofthe Charity, together with a share of
other administration
costs.
Other expenditure These are support costs not allocated to a particular
activity.

2 Statement ofFinancial Activities - prior year
Unrestricted
funds Total funds
2022 2022
Income and endowments from:
Charitable activities 75,929 75,929
Total 75,929 75,929
Expenditure
on:
Raising funds 2,490 2,490
Other 126,276 126.276
Total 128,766 128,766
Net income (52,837) (52,837)
Net income before other
gains/(losses) (52,837) (52,837)
Other gains and losses:
Net movement in funds (52,837) (52,837)
Reconciliation offunds:
Total funds brought forward 171,752 171,752
Total funds carried forward 118,915 118,915
3 Income from donations and legacies
Unrestricted Total Total
2023 2022
E
(2) (2)
(2) (2)
4 Income from chadtable activities
Unrestricted Total Total
2023 2022
Foundation income 114,865 114,865 60,406
PTA Income 21,787 21,787 15,523
136,652 136,652 75,929
5 Other income
Unrestricted Total Total
2023 2022
Interest 287 287
287 287

6 Expenditu re on raising fun ds
Unrestricted Total Total
2023 2022
Fundraising trading costs
General 2,210 2,210 2,490
Reimbursement 3,585 3,585
5,795 5,795 2,490
7 Expenditure on charitable activities
Unrestdcted Total Total
2023 2022
Expenditure on charitable
octivi ties
Foundation 57,652 57,652 124,348
PTA 14,487 14,487
Governance costs
72,139 72,139 124,348
8 Other expenditure
Unrestricted Total Total
2023 2022
General administrative costs 140 140 128
Legal and professional costs 1,800 1,800 1,800
1,940 1,940 1,928
9 Staff costs
No employee received emoluments in excess ofE60,000.
10 Debtors
2023 2022
E E
Other debtors 25,000
25,000
11 Creditors:
amounts falling due within one year
2023 2022
E E
Accruals 1,800 1,800
1,800 1,800

Not
12		 es tothe Accounts
Movement
in funds
Incoming
resources At 31
(including Resources March
At 1April other
gains/losses		 expended 2023
2022 )
Restdcted funds:
Restdicted income funds:
60,000 60,000
Total 60,000 60,000
Unrestricted
funds:
General funds 58,915 136,937 (79,874) 115,978
Total funds 118,915 136,937 (79,874) 175,978
13 Analysis ofnet assets between funds
Unrestricted Restricted
Total
funds funds
f f
Net current assets 115,978 60,000 175,978
115,978 60,000 175,978
14 Reconciliation ofnet debt
At 31
At 1April March
2022 Cash flows 2023
f f f
Cash and cash equivalents 95,715 82,063 177,778
95,715 82,063 177,778
Net debt 95,715 82,063 177,778

2023 2022
6
Cash flows from operating activities
Net income/(expenditure) per Statement ofFinancial Activities 57,063 (52,837)
Adjustments
for:
Dividends,
interest and		 rents from investments (287)
Decrease in trade and other receivables 25,000
Increase
in trade and other payables		 1,400
Net cash provided
by/(used		 in) operating activities 81,776 (51,437)
Cash flows from investing activities
Dividends,
interest and		 rents from investments 287
Net cash from investing
activities		 287
Net cash from financing activities
Net increase/(decrease)
in		 cash and cash equivalents 82,063 (51,437)
Cash and cash equivalents atthe beginning ofthe year 95,715 50
Cash and cash equivalents at the end ofthe year 177,778 (51,387)
Components
ofcash and cash equivalents
Cash and bank balances 177,778 95,715
177,778 95,715

Unrestricte
d funds Total funds Total funds
2023 2023 2023 2022
f f f f
Income and endowments from:
Donations
and legacies
(2) (2)
(2) (2)
Charitable
activities
Foundation
income		 114,865 114,865 60,406
PTA Income 21,787 21,787 15,523
136,652 136,652 75,929
Other
Interest 287 287
287 287
Total income and endowments 136,937 136,937 75,929
Expenditure
on:
Costs ofother trading activities
General 2,210 2,210 2,490
Reimbursement 3,585 3,585
5,795 5,795 2,490
Total ofexpenditure
funds		 on raising 5,795 5,795 2,490
Charitable
activities
Foundation 57,652 57,652 124,348
PTA 14,487 14,487
72,139 72,139 124,348
Total ofexpenditure
activities		 on charitable 72,139 72,139 124,348
General administrative costs,
including
depreciation		 and
amortisation
General insurances 140 140 128
140 140 128
Legal and professional costs
Accountancy
and bookkeeping		 1,800 1,800 1,800
1,800 1,800 1,800
Total ofexpenditure of other costs 1,940 1,940 1,928
Total expenditure 79,874 79,874 128,766
Net gains on investments
Net income/(expenditure) 57,063 57,063 (52,837)

Net income/(expenditure)
other gains/(losses)		 before 57,063 57,063 (52,837)
Other Gains
Net movement
in funds		 57,063 57,063 (52,837)
Reconciliation
offunds:
Total funds brought forward 58,915 60,000 118,915 171,752
Total funds carried forward 115,978 60,000 175,978 118,915