Charity registration number 1115420 CRESSEX COMMUNITYSCHOOL FUND ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
CRESSEX COMMUNITY SCHOOL FUND LEGAL AND ADMINISTRATIVE INFORMATION Trustees Dr K Simmons Mr D Riddington Mr H Brown Mr KA Shabbir Charity number 1115420 Principal address Holmers Lane High Wcombe Buckinghamshire HP12 4QA Independent examiner Azets Audit Servi8 Suites B & D Burnham Yard London End B8aconsfield Buckinghamshir8 HP9 2JH
CRESSEX COMMUNITY SCHOOL FUND CONTENTS Page Trustees, port Independent examinerfs report Stalement of ffinancial activities Balance sheet Notes to the financial slatements 6-12
CRESSEX COMMUNITY SCHOOL FUND TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2024 The truslees present their annual report and financial statemenls for the year ended 31 August 2024. The financial slatements have been prepared in accordan wilh the accounting polKi88 set oul in note 1 to the financial statemants and comply with th8 trusl's governing d(Ument, th8 Charities Act 2Q11 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102} (effective 1 January 2019)" Objectlves and activities The object of the charity is to advare the education of the students of Cressex Community School by providing Of assisting in the provision of educational, recrèational and other charitable facilities in augmentation of such facilities financed by the local education authortty or Department for Education. In furtherance of this object the trustees may undertake activities which promote the charttable work of the school and further the education and advancement in life of the students. Aims ofthe Charfty Th8 aims of the charity are to raise funds and receive contributions in order to provide ServIS and facilities to the students of Cressex Community School with the aim of3dVanment of education. In partlcular, this is done Ihrough the kyoviding of funds for school trfps, extra curricular activities and activity days. The trustees have had regard to the Charity CommBsion guidance on public benefft. Public benefit The Irustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the trust should undertake. Achievements and perfomiance For this reporting period many schcol trips were organised for students across all year groups. The charity, through grants, supported a coutAe of team building IrÈps, making them more affordable for all. The charity has continued to fundrais8 and r8cewe grants and donations. which have enabled it to support the school with the provision of some additional resources including IT equipment, Scien equipment, sports equipment, DofE participation and in-school theatre performances. Flnanclal revlew It is the Trustee's wew that it is prudent lo ensure that Ihere are sufficienl free resenies to provide financial flexibility throughout the year. At the year end total unrestricled funds were £46,586. Rlsks The trustees have a duty to idenlfy and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and effor.
CRESSEX COMMUNITY SCHOOL FUND TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Structure. governance and management Cressex Community School Fund registered as a charity on 19 July 2006. The charity continued the activilies of the non-regislered Cressex Community School Fund on the 1 st September 20(. The number assigned lo the charity is 1115420. Cressex Community School Fund is constituted under a Dedaralion of Trust daled 11 May 2006. The principal address of the Gharity is Holmers Lane. High Wcombe, Bud(inghamshire. HP12 4QA. Trustses The trustees who served during the year and up to the date of signature of the finan¢ial statements were.. Dr K Simmons Mr D Riddington Mr H Brown Mr K A Shabbir Recruitment and Appointment of Trustees Trustees are appointed from members of the governing body and staff of the school, by the school governing body. The Declaration of Trust does not state a minimum or maximum number of trustees. Induction and Training of Trustees As trustees are recruited on the basis of their position at the school, very litue training is required. Funds held as custodian trustee At the balance sheet date, the Fund holds funds as a (Jjstodian for The Cressex C(koperative Learning Trusl (Company No. 07207094). The purpose of the Cressex Co-operative Learning Trust is to advance the education of the students at Cressex Community School, to advance the education of other members of the community and olhetwise to benefit the community. It is intended that the curriculum and ethos of the school will pla emphasis on, and include a commitment to students learning about. the Co-operative values of self-help, self-responsibility. democracy, equality, equity, solidarity, honesty, openness. social responsibility and caring for others wilh the aim of encouraging all students to become better atizens, not only while they are students but during the rest of their lives. The funds held total £585 {2023'. £598). and are held within the Fund's bank accounts. The Trust has ils own ledger within the accounting software, to segregate the assets from the Fund's assets. The trustees, report was approved by the Board of Trustees. Mr K A Shabbir Trustee Dated: 11 March 2025
CRESSEX COMMUNITY SCHOOL FUND INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CRESSEX COMMUNITY SCHOOL FUND I report to the trustees on my examination of Ihe financial ststemenls of Cressex Community School Fund (the trust) for the year ended 31 August 2024. Re8ponslbilitles and basls of report As the trustees of the trust you are responsible for the prep8ration of the financial statements in acLordance wllh the requirements of the Charities Act 2011 (the 2011 Act). I report in resped of my examinalion of the trusfs financial ststemenls Caled QLrt under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directh)ns given by the Charity Commission under section 145(5)(b) of the 2011 AGt. Independent examinerfs statsment Your attention is drawn to the fact Ihat th8 charity has prepared financ#al statemenls in accordance wilh Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) in preference to Ihe Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is referred lo in the extant regulations but has now be8n withdrawn. l understand that this has been done in order for financial statements to provide a Irue and falr view in accordance with Generally Accepted Accounting PraGlice effectNe for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confimi that no matters have me to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records wer8 not kept in respect of the Irust as required by s8Ction 130 of the 2011 Act; or the financial statements do not accord with those records; or the financial statements do not comply wilh the applicable requirements concerning the form and content of accounts sel out in the Charities (Aco)unts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered a5 part of an independenl examination. I have no concems 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 financial statements to be reached. Mr C J Nisbet FCA Azets Audit Services Suites B & D Bumham Yard London End Beaconsfield Buckinghamshire HP9 2JH UnFied Kingdom Daled.. 2510312025
CRESSEX COMMUNITYSCHOOL FUND STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024 Unrestricted Unrestricted funds funds general designated 2024 2D24 Total Unre8trlcted Unrestricted funds funds general designated 2023 2023 Totsl 2024 2023 Notes Income and ondovmients from: Donalions and18gacies Charitable activities Other trading activities Inveslments Olher Income 2.500 58,460 2,500 58,460 99,705 387 93,175 49.036 49,036 90,185 531 48,731 90,185 531 48,731 99,705 387 93,175 Total income 139,447 49,036 188,483 193,267 60,960 254,227 endlture on: Raising funds 89,185 89,185 97,891 97,891 Charitable activities 1.835 59.261 61.096 1,750 54,690 56,440 other expenditure 12 44,093 44.093 93,484 93,484 Total exp8ndtiure 135,113 59.261 194,374 193,125 54.690 247,815 Net incoming resources before transfers 4.334 (10,225) {5.891) 142 6,270 8,412 Gross transfers between funds 311 (311) 886 (886) Net Income for the yearl Net movement in tunds 4.645 (10.536) (5.891) 1,028 5,384 6,412 Fund balances at 1 September 2023 1.677 50.799 52,476 649 45,415 46,064 Fund b8lan¢gs at 31 August 2024 6.323 40,263 46.586 1,677 50,799 52,476 The statement of finanrial activities indudes all gains and losses recognised in th6 year. All income and expenditure derive from continuing activities.
CRESSEX COMMUNITY SCHOOL FUND BALANCE SHEET AS AT31 AUGUST2024 2024 2023 Notes Current assets Debtors Cash al bank and in hand 14 100 62.616 786 63,649 62.716 64,435 Creditors: amounts falling due within one year 15 (16.130) (11,959} Net current assets 46,586 52,476 Income funds Unrestricted funds Designated funds General unrestricted funds 16 40.263 6.323 50,798 1,678 46.586 52.476 46.586 52,476 The financial statements were approved by the Trustees on 11 March 2025 Mr KA Shabbir Trustee
CRESSEX COMMUNITY SCHOOL FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accounting policies Charlty Inforniation Cressex Community SchcM)l Fund is a Unincorporated Charity. 1.1 Accountlng convention The finanaal statements have been prepared in accordance with the twst's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities preparing thelr accounts in accordan with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 102) (effective 1 January 2019)" The trust is a Public Benefit Entity as defined by FRS 102. The financial slatemenls are prepared in sterling. which is the functional currency of the trust. Monetary amounts in these financial statements are rcnded to the nearest £. Th8 financial statements have been prepared under the historic21 wst Lx)nvention. The principal accounting policies adopted are set out below. 1.2 Going concem At the lime of approving the financtal slatements, the trustees have a reasonable expectation thal the trust has adequate resources to continue in operalional exist8nc8 for the foreseeable future. Thus the trustee5 Gontinue to adopt the going concern basis of accounting in preparing the financlal statements. 1.3 Charltable funds Unrestricted funds are available for use at tFE discretion of the tnjstees in furtherance of their charitable objeclives. Designated funds are determined by the localion and type of the activlty Carried out. 1.4 Incorning resources Income is recognised when the trust is legally entitled to it after any perforrnance Conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Income from other trading activities comes from hire fees for weddings and other lettings. These are receipts generated on behalf of the school budgèt. This income also includes dep0511s reived. Income from charitable activities is reiVed from parents or guardians of pupils at the school and is included in the year in which it relales to. 1.5 Resources expended Liabilities are recognised as expendtiure as scM)n a5 there is a legal or Constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic b6nefils will be required in settlement and the amount of the obligation can be measured reliably. Expendiiure is accounted for on an acuuals basis and has been classified und8r headings that aggregate all cost related to the category. Charitable activities indude all costs associaled to a particular activity- Governan costs comprise of costs involving public accLJuntability of Ihe charY and its compliance with regulation and good practi. After the dale of the event (wedding or other letting), the hiring fee is transferred lo the school budget and the deposit held (less retentions) is rebjmed to the hirer.
CRESSEX COMMUNITY SCHOOL FUND NOTES. TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 Donations and legacies Totsl Unrestricted funds designated 2023 2024 Donations and gifts 2,500 Charftable actlvltles Educational activities 2024 Tolal 2023 UK trips other activities 34,445 14.591 26,317 32,143 49,036 58,460 other trading activities Unrestrfctsd Unrestricted funds funds general general 2024 2023 Hire fees and deposits from weddings and olher lettings 90,185 99,705 Investments Unrestrlcted Unrestricted funds funds g8n8ral general 2024 2023 Interest rectivable 531 387
CRESSEX COMMUNITY SCHOOL FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Other income Unrestri¢ted Unre8tricted fund8 funds general general 2024 2023 Sundry income Income for school budget 1,756 46.975 591 92,584 48,731 93,175 Raising funds Unrestrictsd Unrestrictgd funds funds general general 2024 2023 Hire fees and deposits from weddings and other lettings paid to school or retumed to hirers 89,185 97,891 89,185 97,891
CRESSEX COMMUNITY SCHOOL FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Charltsble actlvlties Educallonal Educatlonal activlties activities 2024 2023 UK trips Other activities 33,939 25,322 25,347 29,343 59,261 54,690 Share of governance cost5 (see note 9) 1,835 1,750 61,096 56,440 Analysis by fund Unrestricted funds - general Unrestricted funds - designated 1,835 59,261 1.750 54,690 61,096 56,440 For the year ended 31 August 2023 Unreslricted funds - general Unrestricted funds- designated 1,750 54,690 56.440 Support costs Support Govemance costs costs 2024 2023 Independent examinevs f8e 1.835 1,835 1,750 1,835 1,835 1,750 Analysed belween Charitable activities 1,835 1,835 1,750 10 Trustees None of the trustees (or any parsons connected with them) received any remuneration or benefrt5 from the trust during the year.
CRESSEX COMMUNITY SCHOOL FUND NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 11 Employees The average monlhly number of employees during the year was.. 2024 Number 2023 Number Total There were no employees whose annual r&muneratN)n was more than £60,0(KJ. 12 Other expendlture Unrp8trictod Unrestrlcted funds funds general goneral 2024 2023 Transfers to school budget Sundry expens8S 42,554 1.539 92,725 759 44,093 93,484 13 Taxation The charity is exempt frotn tax on In(X)n and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Acl 1992 to the extent that these are applied to its charitable objects. 14 Debtors 2024 2023 Amounts falling due within one year: Prepayments and accrued income 100 786 15 Creditors: amounts falling due within one year 2024 2023 other creditors Accruals and deferred income 9,911 6,219 4,593 16,130 11.959 Deferred income is induded in the financial statements as follows.. The tolal deferred income at the year end was £4,385 (2023: £5.617). 10-
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CRESSEX COMMUNITY SCHOOL FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 17 Analysls of net assets beiween funds General fund Designated funds 2024 TotalGeneral fund Deslgnatsd funds 2023 Total 2024 2024 2023 2023 Fund balan8 at 31 August 2024 are represented by: Currenl assetsl(liabilities) 6,323 40.263 46.586 1,678 50,798 52,476 6,323 40,283 46,586 1,678 50,798 52,476 18 Related party transactions There wer8 no disclosable related paty transactions during the year (2023- nCe). 12-