4RY SG New End School Association Trustees, Report and Accounts For the Year Ended 31st July 2024 Registered Charity No: Ill24
Contents 1-4. Report of the Trustees 5. Independent Examiner's Report 6. Statement of Financial Activities 7. Balance Sheet 8. Notes to the Accounts New End School Assoc18tion Regsstered Charity No: 111524
Report of the Trustees For the Year Ended 31st July 2024 The Trustees of New End School Association (NESA) present their report together with the financial statements of the charity for the year ended 31st July 2024. The Financial Statements have been prepared in accordance with the accounting policies set out on page 7 and comply with the charity's constitution and applicable law. Constitution New End School Association is constituted under the NCFYA model constitution as adopted at a meeting on 24th May 2005. The Association is a registered charity, No. 1111524. The principal address is New End Primary School, Streatley Pla, Hampstead, IL)ndon NW3 IHU. Trustees The Trustees at the date of this report are: Thorarinn Freysson Alan Girling Zoe Scott John Eberhart Kimberley Foley Max Christodoulou Sarah Jane Biggs Helen Shariatmadari Francisco Urzua Infante Karyn Ray Organisation Trustees are appointed by the Board of Trustees. All decisions relating to the conduct of the Association's activities are made collectively by the Trustees. Meetings are held at least four times in the year. The Association has no employees. Acting as bankers to New End School Association are: Charities Aid Foundation, 25 Kings Hill Ave, Kings Hill, West Malling MEI9 4TA Acting as Independent Examiner to New End School Association are: Stockwell Bales Accountants Ltd, little Brambles, Chapel Road, Dereham, Norfolk, N9 2AJ. Objects The Constitution by which the Association established and is governed provldes that the Association's objective is the advancing of the education and welfare of children attending New End Primary School, Hampstead, [ndOn NW3 IHU ('the School,). in particular, by developing effective relationships between the staff, parents and others within the School and engaging in activities or providing facilities or equipment that support the School and advance the education of the pupils. New End S¢hool Association Registered Charity No: 111524
Objectives and Strategiesfor the Period As well as seeking to sustain or improve the School's academic perforniance, the Association continues to implement a strategic development plan to improve the School Premises and provide educational resources. Further detai]s are covered below under Future Plans. Future Plans and Developments The school 11 continue to benefit from the fundraising donebythe parent/carerbody. We raise funds via events and sales, as well as a dedicated campaign encouraging one- off or n]onthly donations into the NESA account, rebranded as NEST (New End School Trust). The goal is to raise £ioo,000 annually to fund a specialist music teacher; Unlocking Potential mental hea]th support; arts and curriculum enrichment (inc]uding the Shakespeare in Schools project); art materials. trip reimbursements for pupils in financial need; improvements to sports and games equipment and online learning subscriptions. Spending priorities for this fund continue to be identified by the school and revised annually. This strategy has continued to prove successful, especially with Gift Aid claims boosting donations. The Trustees are grate] for the ongoing support of parents/carers and will continue encouraging regular, voluntary, anonymous contributions to meet the school's immediate needs and long-term goals. Typically, the funds raised each year are matched by equiva]ent spending, maintaining a relatively stable capital balance. The trustees have discussed in detail what the funding would look like if we lost the main parent donors, detailed below. They remain committed to ensuring that funding is fairly distributed across all year groups, so that children benefit either within the same year or over their time at the school. The school continues to benefit from the generous support of two parents funding major investment in ICT teachingi and another two parents who have generously donated large amounts each year. The Trustees express deep gratitude for this continued support and remain engaged in conversations around the sustainability and long-terni impact of this nding. No external grant applications were made durAng the 2023/24 year, though the Trustees plan to explore new funding opportunities in the coming year, including corporate sponsors and alumni outreach. Engagement with the school community continues to evolve. Trustees and class reps have worked hard to support families and foster a strong community. In-person events are a highlight, culminating in a highly successful annual Summer Fair and community Internationa] Evening. New End School Association Registered Charity No: 111524
Activities during the Year 18tAugust 2023 - 3l$t July 2024 The Thistees maintained strong collaboration with the School through regular meetings with staff and the management team to identify key funding priorities. During the year, NESA raised £158,741 (gross) through donations and fundraising activities, including: Read-a-thon Winter Fair Sale of tea towels Second-hand uniforni sales NEST donations Year 6 leavers, fundraising Summer Fair Movie Night International Evening Gift Aid During the year the Association provided £186y356 funding to support the following activities: • Icr PE supplies Music Chess Mental Health Pros1On Curriculum development Insta]lations and Equipment Outdoor garden space Cost of 2022-23 Y6 t£avers fund Grant-making procedure and policy Funds from NEST are earn]arked annually based on the school's identified spending priorities. For other funding requests, applicants must submit a fornial proposal detailing the activity, beneficiaries, cost, timescale, sourcing, and alternative funding availability. The school management team appends comments to the application. Trustees review all applications for alignment with NESA'S objectives. Payments to the school are made only upon receipt of valid invoices (see NESA policy handbook). New End School AssoGiation Registered Charty No.. 111524
Inaneial Revaew Income for 2023124 totaled £158?741, including £404 in Gift Aid and £219444 raised by events. Outgoings for 2023124 were £1869356, with Icr enrichment expenses totaling £38,094 and outdoors and science expenses tot]ng £12y639. As at 3t July 2024, the Association's assets amounted to £11&316, primarily held in a banIc account. Investment Poliey The Trustees continue to monitor the balance in the bank account, but at this time believe a long-tenn investment policy is not appropriats as the funds are intended to be held for a short terni. The funds will be retained in a current bank account. Reserves Unrestricted Funds Tepresent the free reserves of the Association. Restricted Funds are temporarily held for specific purposes. As there are no fixed expenditure commitments, the Trustees do not maintain a target reserves level. Risk Management The Trustees consider the ris1 faa by the Association to be minimal and that no further mitigation steps are necessary at this time.
2, of 2bLJ- Approvedby the Board ofTSteeS on................ k cllw4trrb0 Andsignedon its behalf by Treasurer.......23-05-2025........... Francisco Urzua Infante New End School Assoclalkn) R¢gisternd Chaiity No: 111524
Independent Examinorfs Report on the Accounts NEW END SCHOOL ASSOCIATION Charity No: 1111S24 Accounts for the year endod 31 July 2024 R88P8ctive responslbllltles of trustees and examlner.. As the charity's trustees you are responsible forthe preparation of the accounts; you consider that the audit requirement of settion 144 of the Charities Act 2011 (the Charities Act) does not apply. It is my responsibility to state, on the basis of the procedures specified in the general dirertions given by the Charity Commissions under settion 145{51{b) of the Charities Act, whether particular matters have come to my attention. Ba818 of independent examlnorfs rnport: My examlnatlon was carrled out In accordance wlth 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 these records. It also include5 the consideration of anv unusual items or disclosures In the accounts, and seeklng explanations from you as trustees concernlng any such matters. The procedures undertaken do not provlde all the evidence requlred in an audit, and consequently I do not express an audit opinion on the view given by the accounts. Indopendent examlno¢8 8tatsmont In connectlon wlth my examlnatlon, no matter has come to my attentlon: i) which gives me reasonable cause to believe that In any material respect the requirements a) to keep accountlng records in accordance with section 130 of the Charitles Act; and b} to prepare accounts which comply with the accountlng record5 and accounting requirements of the Act, have not been met, or to which, in my opinion attention Should be drawn in orderto enable a proper understanding of the accounts to be reached. Clalre Stockwell FCA, Bsc Fellow of the Institute of Chartered Accountants in England and Wales (ICAE stockwell Bales Accountants Ltd Little Brambles Chapel Road Longham NR19 2AJ
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NEW END SCHOOL ASSOCIATION BALANCE SHEET AT 31 JULY 2024 2024 2023 CURRENT ASSETS New End School debtor Cash at bank Cash in hand Benèvity balance Paypal balance Strlpe balance Sum Up balance Izettle ba18nce 4,738 131,782 530 108,855 651 117 1,693 167 1,373 341 111,316 138,931 UNRESTRICTED FUNDS 4,762 General Fund8 5,666 Deslgnated Funds Educallon81 Resources and Pr8m1888 Year 6 Le8v8rs Fund 92.275 86.293 513 88.782 84,780 Restrlcled Fund8 ICT Enrichment Outdwrs and Science 5,507 25,821 16,888 49,821 111318 139,163 The designated funds were 8et up by way of: fvnds raised at events held for the purpose of raising funds speclfl¢ally to 5UPPOrt the development of the school envlronment and Improve educavonal resources., individuals for the purpose of 8UPPOrting the development of the school envlronm&nt and Improve educationat resources. Thè re8lrictsd funds are those where donors havg 8pecified how thelr don8tlons should be spent. These are.. a donation received specified for reslrlcted use on ICT enrlchment withln the School b donation received specified for restricted use on Ouldoors and Science endchment wlthln the 8chool Approvéd by the board oftnjstees on ..... .S/2*..... and 8lgn8d on ils behalf by Max Chrlstodoulou Chair
Accounting Policies a. Basis of accounting The accounts have been prepared on a receipts and payments basis. Income and expenditure are shown gross for the year ended 31st July 2024 in accordance with the Charities Statement of Recommended Practice (SORP). "Accounting and reporting by Charities" published in March 2005, applicable accounting standards and the Charities Act 2011. b. Income Donations are credited when received, interest is credited when received. c. Restrxcted and Unrestricted Funds Wbere applicable, funds held on specific trusts, where the donor has made a specific declaration for a particular use, are classified Restricted Funds. The General Unrestricted Funds represent an amount agreed by the Trustees to cover general expenses, provide floats for events and to cover any expenses incurred before an event takes place. Designated Unrestricted Funds are those funds earmarked to support the purchase of educational resources needed by the school and for the development and refurbishment of the school building and premises. Notes Transactions with Trustees: The Trustees carried out activities and duties for the Association on a voluntary basis and were not remunerated for their contribution. The Trustees did not provide any professional services to the Association. New End School Asgocialion Registered Charty No.. 111524