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Charity registration number: 1117926
Friends of Sherfield
Annual Report and Financial Statements
for the Year Ended 31 August 2025
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Friends of Sherfield
Reference and Administrative Details
Trustees E Long
Sherfield School Ltd.
N Blackmore
S Hannah
j P Alvares
CH Lee
SFR Van Beneden
K A Chamberlain
K Macinnes
E Sykes
J Delve
R Eburne
D Bricknell
KG Northcote
Registered Office Sherfield School
Sherfield-on-Loddon
Hook
Basingstoke
Hampshire
RG27 OHU
Bankers Lloyds Bank PLC
25 Gresham Street
London
EC2V 7HN
Charity Registration Number 1117926
Independent Examiner Scott Broadhead
Maids Moreton
Buckingham
\
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Friends of Sherfield
Trustees' Report
The Trustees present the annual report together with the financial statements of Friends of Sherfield, registered charity number 1117926 (“the
Charity”) for the year ended 31 August 2025.
The appointed trustees (the “Trustees”) have adopted the provisions of the Statement of Recommended Practice (“SORP”) ‘Accounting
and Reporting by Charities' issued in March 2005.
The Charity is controlled by its governing document, a deed of trust, and constitutes an incorporated charity.
The Charity is controlled by its governing constitution adopted on 25 January 2005 as amended on 15 November 2006, 11 November 2009, 8
November 2010, 17 July 2011, 5 December 2012, 25 June 2013 and 11 September 2019.
Mission Statement
Friends of Sherfield (FOS) is a registered charity which organises events and activities for the benefit of the school, parents and local
community. FOS supports the enrichment and educational advancement of the children, provides support to parents and strengthens
relations with local community organisations.
Objectives, strategies and activities
The Charity organises several social events in the community as a means of fund-raising for the school and external organisations. During the
reporting period, the committee resolved to concentrate its fundraising efforts to contributing in part or in full to the provision of assets to be
used by students to enhance their learning and enrichment.
During the reporting period, grants were made to the school in respect of:
e Purchase of items for Old Chapel - Auditorium (£14,627)
e Purchase ofVarious Equipment (£12,449)
e Purchase of items for Nursery (£5,862)
e Other grants (£3,425)
Public benefit
The Charity's activities benefit the public by enhancing the development and education of children of school age. The Trustees have
considered that this complies with the Charities Commission guidance on public benefit.
The Trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the
public benefit guidance published by the Charity Commission for England and Wales.
Structure, governance and management
The Charity meets formally on at least 4 occasions annually. Sherfield School Ltd sits as a corporate (Ex Officio) Trustee and nominates
staff to attend meetings as necessary. The positions of Chair, Secretary and Treasurer are elected on an annual basis. Additional ‘ordinary’
members can be co-opted during the year, nominees to the board of Trustees are made and confirmed annually. Only members of the
Board of Trustees are empowered to make binding decisions as set out in the constitution.
Cash flow risk
When planning fundraising events, the Charity carries out detailed cash flow planning and ensures terms of engagement with external
parties do not present an onerous risk.
Reserves Policy
The policy of the Charity is to have at all times sufficient reserves to meet liabilities. At the end of the reporting period, the Trust held reserves
of £ 38,944 no amount of these reserves is restricted. The balance is reviewed regularly and has historically been used to contribute to school
asset additions or contribute to pupil pastoral care. The balance is expected to be committed to new or existing projects in the 12 to 18 month
period following the financial year end. There are no reserves that can only be realised by disposing of a fixed asset or programme related
investment.
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Friends of Sherfield
Trustees’ Report
Risk of Liability
The Charity takes all reasonable steps deemed appropriate to ensure that health and safety risks are identified and assessed for all events for
which it is responsible for.
The annual report was approved by the Trustees of the Charity on 22 September 2025 and signed on its behalf by:
amChair & Trustee f
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Friends of Sherfield
Statement of Trustees’ Responsibilities
The Trustees are responsible for preparing the Trustees’ report and the financial statements in accordance with the United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the Trustees to prepare financial statements for each financial year which give a true and fair view
of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that period. In preparing
these financial statements, the Trustees are required to:
* select suitable accounting policies and then apply them consistently;
* observe the methods and principles in the Charities SORP;
¢ make judgements and estimates that are reasonable and prudent;
¢ state whether applicable accounting standards have been followed, subject to any material departures
disclosed and explained in the financial statements; and
* prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
Charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position
of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities
(Accounts and Reports) Regulations, and the provisions of the constitution. The Trustees are also responsible for safeguarding the assets
of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees of the Charity on 22 September 2025 and signed on its behalf by:
©: Long
Chair & Trustee
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Friends of Sherfield
Independent Examiner's Report to the Trustees of Friends of Sherfield
| report on the accounts of the Charity for the year ended 31 August 2025 which are set out on pages 6 to 14.
Respective responsibilities of Trustees and examiner
The Trustees are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year
under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
° examine the accounts under section 145 of the 2011 Act;
1 ° to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011
Act; and
° to state 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 Commission. An examination includes a
review of the accounting records kept by the Charity 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 explanations from the Trustees concerning any such
matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is
given as to whether the accounts present a ‘true and fair view' and the report is limited to those matters set out in the next statement.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
(1)
e which gives me reasonable cause to believe that in any material respect the requirements:
° to keep accounting records in accordance with section 130 of the Charities Act 2011; and
e to prepare accounts which accord with the accounting records and comply with the accounting requirements of the
2011 Act have not been met; or
(2)
e to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts
to be reached.
“anaor,
# 1. Brwoewdsoraa Sf
Scott Broadhead FCCA
Independent Examiner
Maids Moreton
Buckingham
Date: 22 September 2025
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Friends of Sherfield
Statement of Financial Activities for the Year Ended 31 August 2025
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Unrestricted Total Unrestricted Total
Funds 2025 Funds 2024
£ £ £ £
Income from:
Grant income 0 ie} 0 @
Other trading activities 54,288 54,288 73,702 73,702
Total Income 54,288 54,288 73,702 73,702
Expenditure on:
Raising funds (37,003) (37,003) (42,529) (42,529)
Charitable activities (36,327) (36,327) (16,313) (16,313)
Total Expenditure (73,330) (73,330) (58,842) (58,842)
Net movement in funds (19,042) (19,042) 14,860 14,860
Reconciliation of funds
Total funds brought forward 57,986 57,986 43,126 43,126
Total funds carried forward 38,944 38,944 57,986 57,986
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Friends of Sherfield
Balance Sheet as at 31 August 2025
(Registration number: 1117926)
2025 2024
i £ £
Fixed Assets = a
Current Assets
Cash at bank 38,194 58,190
Debtors 3,432 4,950
Stock 4,692 5,114
. 46,317 68,253
Creditors - amounts falling due within one year 7,373 10,267
Net current assets 38,944 57,986
Total assets less current liabilities 38,944 57,986
Unrestricted funds
General fund 38,944 57,986
Restricted funds
Other fund 5 =
38,944 57,986
The financial statements were approved by the Trustees and authorised for issue on 22 September 2025 and signed on their behalf
by.
ChairEmma&ateTrustee a
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Friends of Sherfield
Notes to the Financial Statements for the Year Ended 31 August 2025
Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of
| inRecommendedthe UK and RepublicPractice applicableof Ireland to(FRS charities102) (effectivepreparing their1 January accounts2015)in accordance- (Charities SORP with the(FRSFinancial102)), theReportingFinancial StandardReportingapplicableStandard
applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
The Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost
or transaction value unless otherwise stated in the relevant accounting policy notes.
Exemption from preparing a cash flow statement
The Charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these
financial statements.
Going concern ‘
The Trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when
the Charity has entitlement to the income, it is probable that the income will be received, and the amount can be measured with
sufficient reliability.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and
the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that
category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of
resources and depreciation charges allocated on the portion of the asset's use.
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise
funds.
Charitable activities
Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It
includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
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Friends of Sherfield
Notes to the Financial Statements for the Year Ended 31 August 2025
Grant provisions
Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about
either the timing of the grant or the amount of grant payable.
Support costs
J Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources,
for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Governance costs
These include the costs attributable to the Charity's compliance with constitutional and statutory requirements, including audit,
strategic management and Trustees’ meetings and reimbursed expenses.
Taxation
The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the
definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in
respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £500 or more are initially recorded at cost, less any subsequent accumulated depreciation and
subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their
expected useful economic life.
Stock
Any stock is valued at the lower of cost or net realisable value. The stock is recorded net of any provision.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand amounts only.
Borrowings
The Charity has no borrowings.
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