THE WYVERN SCHOOL FOUIYDATION TRUST ANNUAL REPORT AND FINANCLIL sTATEThNTS FOR THE YEAR ENDED 30 SEpfEMBER 2024 R¢St¢rea Charity 1099362
THE WYVERN SCHOOL FOiINDATIOF4 TRUST COI¥TENfs OF THE Fll¥4ANCIAL STATEMENTS FOR TllE YEAR ENDED 30 SEPTEKBER 2024 Page Report of the Trutheg Independent Examiner'y Report Statement of FIne1 A¢tirfle$ Iyottt to the FInellI Statements
THE WYVERN SCHOOL FOUNDATION TRUST REPORT OF THE TRUSTEES FOR ThE YEAR ENDED 30 SEPTEMBER 2024 The TnJstc¢s prcscnt tbeir Report with the Fil]cIal Statements of the Charity for the ended 30 Seplemb¢r 2024. The Tnle¢S have adopta the prowisi0U8 of Accounting and Reporting by ChltieS. Statement of Recommcndcd PCtice Applicable to Charities Preping their accounts in accordance with the Financial Reporting Standard applicablc ITh the UK and Republic of Jr¢iand (FRS102) (effcctive I January 2019). The Wyvern S¢lLooI FoundationTrust (tbe Ckwity) was registered as a charity on 10 September 2003. The regi8tered chlty number is 1099362. The Chayity operates under the tern of a Ttust Deal dated 7 July 2003. alld its piincipal objectives are to.. the education of the pupils at the Wyv¢rn Sthool, Ashforl Kent by providjng or assisting in the provision of special b¢nefit$ tbat are not nornmlly finded by the [Cal Education Authority. promote the rducation of pupils or fornjer pupils of the School under the age of 25 whether by th¢ provision of scholat8bips. grants QT other assi8Lue calculated to pronwte or fiber the education of suchp¢r8ODS' atLd fiuthcr the education of any member of the public jiving within tbe areas from time to time covered by th¢ sthooL Trustses Thc following acted throu2bout th¢ peLiod under consideration: Stuth M Finn Bsc FCA (Chairn]an) Beverley Smith ACA (fre&8urtt/S¢•)- resigned 11.1223 Nicholas Onslow FRES (Tn¢¢) Penny Bullen (rntee) Nicola Coshall (TTeasurerfSeeret8ry) Principal Addre98 The W)vern Scbwl Buxfort Great Chart Bypa8S Ashford. Keth, TN23 4ER Bank Natio11 WcAtiDinsteT Bank 20 High Street ford. K¢nt, TN24 8SH Independent ExaJJJJner of Aeeounts (Honorary) BaJrie W Wright FCA McCab¢ Ford Williams Invicta Business Centre Monument Way. Orbital P Ashfor¢ KenL Tr124 OHB Page I
THE WYVERN SCHOOL FOIJNDATION TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEFfEMBER 2024 (eontlDued) Review olActivities, Aehievements and PerfOrnnce The Cbarity raises fid$ piincipally through a contract with a profdsgional oraiSer - thc Rutherford Fundraising Consultgncy. Dot)ations aTe atso made dire£tly to the Charity as a result of contacts by members of the staff of the Wyvern School. As detailed in the a¢cotllP8llyiDg financial slateDThts, the CharLty raised net of fees and exp¢J¢S the following towards the specific needs of Wyvern School. Prl]Dary Sensory Oulslde PIAY Project Restricted Reserve Duringthe year The Ru¢herford Fundraising Ci>asuitancy raiwl £37.815.25 (net of fimd rdisers f) from seven successful 8fdnt applications to various trnst compatiies, tbese grdnts were awarded to fid the renovation of our Prijjwy S¢nsory outside play areas. tELe rcnovations include four all weather canopies. ngw playground surfacc8 and sensory play equipment Aeross fiv¢ outside play ems. the total pmject o)st is expected ix £113,000 with completion expe¢teA April 2025. Minibus Restrleted Reserye The Wyvern scl)ool staff also rnised funds totslly £3,032.30 from local fjjtyl Taising activiti¢s alld two familics of the school doDated a tot&1 of £4,000, generating income totally £7,032.30. £6.000 of these funds have been rdtsed to fLll a deposit Oll a llew n)inibus. The remai £1.032.30 will b¢ beld on Management and Governance Arrnigements The cbarity is CODtrolled by its gov¢rnillg document, a deed to trust. The deed providc8 for a n)ini of 3 and a maxinw of 5 tllLStees. Were thcrc a rcquircment for ll¢w trustees. these would be idethifL¢d and app)inted by the remaining trnstees. The Cha]rn of the trusttts is responsible for the inductson of Ally new thIst which involves awarensss of a lrnstee's responsLThiliti&q. t governing docu5n¢nt. administrative procedCS, and the history and phitosophical approach of the Charity. A new tnjstee re¢eived copiu of the previous year's annual report and accounts and a copy of tbe Charity Commissions leafiet'The E&qcntial Tt¢¢.. What You Need lo Know.. AMllY th¢ IntC¢& rcview the risks that they fAce. With no propety, no investments other than bank deposits, no employees, ynd continuity of tNstK8, risk is assessed to be extremely low. and CTrty Procedures and Policy for Grant MxkiDg Th¢ TTLL8tec8 considtt applications for grants from the Wyycrn School Èt their meetings. The Chlty receives requests for futLds for spKific pioj¢ds at th¢ Wyv¢rn School and Initiat fijlldrnIng through its contracteAI fLmdr&iscr. The Clwity requires evidence frojn th¢ WyY¢rn School that lljade are usryj acquiring the equipment and 0tTrL matekials for wbichthey were requested Public Benefit The Trustees confinn that they have Complied with the duty in s¢¢tion 17{5) of the Cbariti¢s Act 2011 to have due regard lo public benefit guidancc as published by the Con)mission. Illvesttnent Policy The aim of the Trustees is to donate most of the fid5 raisd to the Wyvern School within twdve months of receipt. and it is anticipatedthat fundsheld inReserv&s at ttle end of the r¢port1ngpui will b¢ donated to th¢ Wyvern S¢hool within the near future to meet idelltified needs. Fllnd8 are being ILeld in a non- ithter&8t.b¢aritig barjk deposit account awaiting disbursemenL The Tnte¢S are euww¢r¢d by th¢ Trnst Deed to mak¢ longer-tern] investtnent d¢cisioJs should c1rcurnstanc dccm it appropriat¢. Page 2
Reservej Poliey The Charity's policy on R&serve& is explained ill a note to th¢ ac<ompanyius fjllawial statcment& Statement of Trustees Respon8lbAJitles Thc TnteeS are required ulld¢r th¢ Charities Act 201 I to prepare fuwicial statcm¢llts for ¢aclk financial perio which give a tru¢ and fair view of th¢ Cljarity's financial actiti during the period and of its fllwicial position at the eJKI of thc pcriod. Jn prepaTing financial statet)nits that pr&8ent a true and fair view. the Tnte£S must comply with the requirements of the Clwities SORP and: select suAtable aewul poli¢i¢5 and then apply them consistentlyj n)ak¢ Judgallts atLd estimates that are reasonabl¢ ajjd prudent" 8tate whether applicable accounting standards and statements of recommended practice are subject to any deparMrc8 and disclose explain the reasons in thc financial statcmcnts.. ¥md prepare th¢ fJJwicial ststements on a going ¢on¢¢m basis it is inappTopIiat¢ to presum¢ that the Charity will continue in operation. The Trnstees Are responsible for keeping proper a¢countTng reo)r(Ls which disclose with reasonable accuracy at any given time the financial position of the Charity and which cnable them to ensure that the finartciai statements comply with the ffities Act 2011, the Accounting and RqKJrting by Charities: SORP Applicable to CkLaTiti¢s Pr¢paring their A¢¢J)unts in Accordance with FRS 102 and the provision of the Tnvdt Deed. They are also rcsponsible for safeguarding the as5¢ts of the chltY glld for taking re&8onable steps for the prevention and detections of fraud and other iegularLties. Approval This report was approved by the Tntstecs on . and signed on their behalf. Chalnnan of Trustces SMFinn Chairman of Tne¢S Page 3
THE WYVERN SCHOOL FOUNDATION TRUST INDEPEI¥DENT EXAMllYER'S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 30 SEFfEIKBER 2024 I r¢port to the charity trustees on my ex8Jnin8tions of the accounts of th¢ Charity for the year cnded 30 Semember 2024. Regpective Re5pDnsibiRities of Trnstse5 and Exajniller Th¢ cl]aLiIy'8 ITr1¢¢5 are responsible for the preparatiQll of tbe Accoullts. The clwity's tstees consid¢r that an audit is not requiral for tbis yeBr (under section 144 (2) of the Clwities Act 2011 (th¢ 2011 Act)) and that an Indeent exalljination is required. Having satisfied myself tbat the ch8Jity is not subject to audit under company law and is eligible for indq)¢ndcnt Cxaminatio it 18 my respon7)llity to.. xaujinc thc Accoullts Und se£tion 145 of the 2011 Act" to follow the pr(ureS laid down it) the General Directions given by the CIMrity Commlssion (under stIOn 145 (5)(b) of the 2011 Act).. and to state wh&her particular matters havc come to my attuttion. Basls of Independent Examiner's Rqmbrt My cxamination was carried out in accordance with the geneTrt Directi(ms V¢ll by the ChArity cOnlS&10n. An exan)ltIOn includes a review of the accounting re£ords kept by the Chlty a comparison of th¢ Accounts presented with th0 records. It also includes ¢oJsideration of any unusual it¢ms or dAs¢losure8 in the Accoullts and seeking explanations from you as tn$ concerning any such mattcrs. Thc procedures undertaken do not provide all the eYAdence that would be required in an audii and ConSuetIY no opinion is given as to wbether the Accounts present a 'true aud fair view. and the report is limited io those mattas s¢t out in statennits below. Indepelldent ExAmlller's Statemellt In COntiOn with my exan)ination. no matt¥ ba8 come to my attentio (l) which gives mc rcasonable caus¢ to believe that. in any rllateriai respeci the requiretnents." to keep accouTLting records in aOrdanCe with section 130 of the 2011 Act; and to prepare Accounts wbith accord with th¢ arKoiintiiig records and coll¥ly with ttLe 0d8 and principles of the Accounting and Repotting by Clw]ti'. Ststetnent of Recommended PLzeti¢e appli¢ablc to dLarities preparing their a¢couDts in OrdanCe with the Financi Rewrtillg Standard applicabl¢ in the UK and Rwublic of Irdatsd (FRS 102) have not been met. or (2) to whid¥ in my opinion, attention should b¢ drawn in order to enable a proper understanding of the unts to be reached. MCC ord WilliaD]8 Suite I Invicts Business Centre Monun]eDt Way TN24 OHB Dato3: . Fa8e 4
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THE WYVERN SCHOOL FOUNDATION TRUST NOTES TO THE Fll¥ANCIAL STATEMEiYfs FOR THE YEAR ENDED 30 SEPTElkt8ER 2024 ACCOUNfn¥G POLICIES Ba$As of preparing the fiD*ndal stAtements The financial statements of thc Charlty hav¢ becn prcpared ill accordallce with tbe Charities SORP (FRS 102) "A¢rounting and Reporting by C&Itt&. Statement of R0Mmed Practice applicable to charitie8 preparing their accounts in a(xx)rthce with the Financial Reporting Standard applicable in the UK and R4)ublic of treland IFRS 102) (efftctivc l Januory 2019) Fijwicial Reporting Standard 102 The Financial Reporting Standard appliGabl¢ in the UK and R¢public of treland" and thc Clwities A¢t 2011. They have also been prepored underthe historical cost convention. Income All income is re¢ogDi8ed ID th¢ statllt of Fittallclal Activities once the Charity has entitlemeJLt to the fwth. it is probable that the income will be rtteiveA, and the amount can be measured reliably. Expendire Liabilities are recognised as swn as tbere is a legal or constnjctive oblisation committing thc Chatity to that expenditure. it is Probable that a transfer of ¢¢oJomic benefits will be required in settlement And the atnount of tlje obligation can be mea8ured reliably. Expcnditure is Ollted for on an aCcnlS basis and has been dassified undcr bcadings that aggregate all cost$ related to the ¢8tegory. Fulld cOunting Unrestrictcd fut)d8 can be used in accordance with tbe clwitable obje£ti of the ClJaTity at the discrction of thetrStc¢s. R¢stricted fw]ds ¢anorJly beused forpartIapuTposcsWith1nthe objects of tbe Charity. RestrictiOll8 ise when sP16¢a by the donor or whcn fid8 are rdised for a particularrestricted puryose. Furtber ¢xplanation of the nature 8tsd purpose of fimds is indud¢d in th¢ notcs to the firLancial statelnents. RESERVES a) The General Reserve is Unrestricted attd is d¢signatcd by the InteeS as follows: Bas¢ R¢SVe (£100) to provlde sufficient funds to med the allticipated n)1 costs of the Charity for twelve months. The balance (£1,032.30) is available to the tte¢S to make donations consist¢nt with the aiu of the Clwity as describ¢d in the Trust DeeAL b) The Re5tTiCted Reserves tttsy only be donat¢d by thc Clty to the Wyvern SCI01 for specific purpos&8 specifiedbythe donots or stated in an appeal, inoluding tlwse Organis by the Clwity's futidTaiscr Rutherfo FundrIll2 CoL8ultanoy. 3. TRUSTEES REMUNERATIOI¥ AND EXPENSES The Trustees received Do Ternuneralion or exp¢5 in the year. Page 7