| | : | | ## TWGGS FUND REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023 Charity Number: 1102648 : ! | | . **----- Start of picture text -----**
||||||||| |---|---|---|---|---|---|---|---| |Contents:|Page| |Legal|and|administrative|information.........:...c:cce eee|1| |Report|of|the|Trustees............ccccceceeeeeseeear|eters|cre|cenees|2-3| |Report|of the|independent examiner|.........:0:c cece|4| |Statement|of Financial|Activities. ..............|cece|eseee|enone|5-6| |Notes forming|part|of the financial statement..........6.|7| **----- End of picture text -----**
. | ; | ; | | | | ## LEGAL AND ADMINISTRATIVE INFORMATION Trustees: Trustees serving during the period were:Mrs. Julie Robinson (Chair) Mr Danny Neely Mrs. Helen Lindsay Ralph Mrs, Rosemary Elizabeth Serpis Administrator to the Trustees: Mrs Della Oatley Treasurer: Mrs. Helen Ralph Registered Address: Southfield Road Tunbridge Wells Kent. TN4 9UJ. Bankers: National Westminster Bank plc Tunbridge Wells Branch 89, Mount Pleasant Road Tunbridge Wells Kent. TN1 1QJ, Independent Accounts’ Examiner: Nash Harvey Group LLP The Granary Hermitage Court Hermitage Lane Maidstone Kent ME16 ONT Governing Documents: The Charity is regulated by a Charity Commissioners’ Scheme dated 26 January 2004 and by the Charity Act of 2071 and any subsequent Acts. Page 1 : | | | | i ‘ ## REPORT OF THE TRUSTEES FOR THE YEAR ENDED 3487 AUGUST 2023. The Trustees have pleasure in presenting their report for the period ended 31" August 2023. The Report is prepared in accordance with the Trust Deed and the recommendations of the ‘Statement of Recommended Practica - Accounting and Reporting by Charities’ and compties with applicable law. ## Governing Document The Charity was established In January 2004 and Is governed by the Charities Act 2011. The management of the Trust is the responsibility of the Trustees who are appointed under the terms of the Trust Deed. Objects The object of the Charity is to advance the education of Tunbridge Wells Girls' Grammar School pupils. Review of Activities The inaugural meeting of the Charity took place on 26 January 2004. The Charity was established to support the education at Tunbridge Wells Girls’ Grammar School. The Charity enables the recovery of tax at the standard rate from donors. The Sports Centre Campaign commenced in 2018/19 and is a restricted fund. Donations of £23045 (excluding tax) have been raised this year. The balance on this campaign at 31 August 2023 is £23,619. With the Trustees Approval, £183,000 was transferred from the Sports Hall a/c to the School and £40,526 was transferred from the 35 day Notice a/c to the School. ## Total restricted funds balances were £23,619 at 31" August 2023. Unrestricted funds totalled £40,737 at 31 August 2023. During the year, £58,438 was received In donations, which were used to support grants to the School Voluntary Fund. ## Page 2 | : i | : i , i Resorves Policy Statement The reserves held by the Charity enable us to support our main objective of advancing the education of the students at TWGGS. , ## Total Reserves: £40,737 (excluding Restricted Funds designated for the Sports Centre Campaign). Reserves enable us to support our charitable objectives In a consistent way. The spending pressures on schools are not always predictable and the reserves of the Charity enable the Trustees to support the School when required. . ## Grant Making Statement The Charity invites applications for the funding of activities that support the advancement of the education of students at TWGGS. The types of activities Include extra-curricular costs Incurred in PE, Music, Drama and Debating and other activities approved by the Trustees. It also covers the running costs and repairs for the school minibuses, subscriptions to various associations and school prizes and awards. The Charity in particular Invites applications from the Southfield Fund, which contributes towards the trip and fieldwork costs of students, whose parents are experiencing financial difficulties. Applications are supported by appropriate financial documentation and are monitored on an annual basis. Grants are generally mado annually to 'TWGGS Clubs’ on approval of the Trustees. , Investment Policy The Charity takes a totally risk averse approach to investing its reserves. Consequently, investments are held in bank reserve accounts to maximise interest. Review of Risk The Charity has opted to exert the exemption available to smaller charities. **----- Start of picture text -----**
\) IN
feulie Robinson e/\ ‘
Chair and Trustee
bate... Aber. XO 2DZA,
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INDEPENDENT EXAMINER’S REPORT |
TO THE TRUSTEES OF THE ‘TWGGS FUND’
| report on the Accounts of the Trust for the period ended 31 August 2023 as set out in the
following pages. |
Respective Responsibilities of the Trustees and the Independent 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 of the
Charities Act 2011 (the Charities Act) and that an independent examination is needed. |
It is my responsibility to:
e Examine the accounts under section 145 of the Charities Act, |
e To foliow the procedures laid down in the general Directions given by the Charity
Commission (under section 145(5){b) of the Charities Act),and
¢ Tostate whether particular matters have come to my attention. |
Basis of Independent Examiner's Report |
My examination was carried out in accordance with the General Directions given by the
Charity Commissioners. An examination includes a review of the accounting records
maintained by the Trust 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 information from you as trustees concerning any such matters. The procedures
undertaken do not provide all the evidence that would be required in a full audit and :
consequently | do not express an audit opinion on the view given by the accounts.
Independent Examiner's Statement
in connection with my examinatlon, no matter has come to my attention: |
|
(1) Which gives me reasonable cause to believe that in, any material respect, the |
requirements:
e Tokeep accounting records in accordance with section 130 of the Charities Act; |
* Toprepare accounts which accord with the accounting records and comply with the |
accounting requirements of the Charities Act have not been met; or
(2) To which, in my opinion, attention should be drawn in order to enable a proper
understanding of the accounts to be reached.
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| gigned:.. LSPA osoee ## Dated: 291.6..2%:... Kate Sharp, ACA/FCCA on behalf of Nash Harvey Group LLP The Granary, Hermitage court, Hermitage Lane, Maidstone, Kent ME16 ONT **----- Start of picture text -----**
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! | ! | \ ' | . ! : ## TUNBRIDGE WELLS GIRLS' GRAMMAR SCHOOL ## STATEMENT OF FINANCIAL ACTIVITIES ## (Incorporating an Income and Expenditure Account) FOR THE PERIOD 4ST SEPTEMBER 2022 TO 31 AUGUST 2023 . **----- Start of picture text -----**
||||||||| |---|---|---|---|---|---|---|---| |Unrestricted|Restricted|TOTAL|TOTAL| |Funds|Funds| |2022/23|2022/23|2022/23|2021/22| |£|£|£|£| |incoming|Resources|(1)| |Activities|to generate|funds:| |Donations|£0| |OGA|£0| |Donations|(2)|§8,438|23,045|81,483|87,829.07| |Investment Income|684|76|760|147.15| |Tax|transfer|0|0|0|0| |Tax|refund|0|0|0|35,427| |Total Incoming|Resources|59,122|23,121|82,242|423,403.22| |Resources|Expended| |Charitable|Expenditure:| |Tfr to|Restricted|0|0|0|7,600| |Tfr to Clubs Appeals|Disbursement|210,190|223,526|433,716|1,244.49| |Grants|to School Vol|Fund|(3)|0|0|0|0| |Management and|Administration|60|20|79|73.13| |Total|Resources|Expended|210,250|223,546|433,796|8,817.62| |Net Incoming|Resources|-151,128|-200,425|-351,553|114,586| |Net|Movement|In|Funds| |Opening|Funds|at Sept|1st|191,865|224,044|416,909|301,323| |Closing|Funds|at August 31st|40,737|23,619|64,366|415,909| **----- End of picture text -----**
Page 5 | j | | ## TUNBRIDGE WELLS GIRLS' GRAMMAR SCHOOL Balance Sheet as at 31st August 2023 ; **----- Start of picture text -----**
2023 2022
£ £ £
Current Assets:
Reserve Accounts 40,237 191,364
Current Accounts 24,119 224,544
TOTAL ASSETS 64,356 415,909
Less Current Liabilities (5) 0 0
NET ASSETS 64,356 415,909
Financed by:
Restricted Funds:
Sports Centre 23,619 183,593
35 day notice 0 40,451.77
6th Form Campaign 0 _o0
23,619 224,044.64
Unrestricted Funds:
General Fund 40,737 191,865
Signed: /|hace 64,356 415,909
Helen Ralph, Treasurer to the Charity
Signed: If ee
Juli’ Robinson, Chair
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, Page 6 | | | || | | i | | : ‘ ## NOTES WHICH FORM PART OF THE ACCOUNTS FOR THE YEAR ENDING 318* AUGUST 2023: ## Accounting Policies: ‘These accounts have been prepared in accordance with applicable accounting standards and the Charities Commission: Statement of Recommended Practice applicable to Charltles preparing accounts in accordance with the Financlal effectiveReporting1 JanuaryStandard 2015,applicable and thein the Charities UK and Actthe 2011Republic of treland (FRS 102) (1) Incoming Resources ~Donations of £23,045 for the purpose of building a sports centre, Unrestricted donations amounted to £58,438. : ; (2) |Managoment and AdminIstration: Independent Examiner's Fee £ 0 Bank Charges £79.35 £79.35 (3) Related Party Transactions — There were no Related Party Transactions during the Period. (4) Cash Flow Statement - The Charity has exerted the exemption available for small charities. (5) Previous Year Figures — These reflect the period September 1" 2021 to August 31 2022. (8) Taxation ~ The Trust is a registered charity and accordingly exempt from taxation on its income and galns where they are applied for charitable purposes. Page 7