SAINT JOHN SOUTHWORTH FOUNDATION Registered Charity No. 1121531 Company Registration No: 6388943 REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
SAINT JOHN SOUThWORTH FOUNDATION CONTENTS Page Trustees and Advisers R8POrt of the Trustefrs Statement of Trustees. Responslbilities Report of the Auditors Statement of Financial Activities 10 Balance Sheet 11 Statement of Cashflows 12 Accounting Pollcies 13 Notes lo the Financial Statements
SAINT JOHN SOUTHWORTH FOUNDATION TRUSTEES AND ADVISERS Boord of Trustees of the Company Joshua Desouza (Resigned 23 May 20231 Nicholas Kehoe Steven Keogh Andrew Ndoca Francis McGettigan OBE Sean M¢We8ney (Resigned 23 May 2023) Anthony Mars (Resigned 23 May 2023) Scott Price Liam Sparks (Resigned 23 May 20231 Paul Stubbings Karen Wyatt Hannah Thackwray Foundation Dlrector Nicholas Kehoe Company Secretary Nicholas Kehoe Registered Offl¢e The Cardinal Vaughan Memorial School 89 Addison Road London W14 8BZ Auditors PKF Littlejohn LLP Statutory Auditors 15 Westferry Circus Canary Wharf London E14 4HD Bankers Lloyds TSB Hammersmilh Branch 21 25 King Street Hammersmilh London W6 gHW Solicitors Bates Wells & Braiihwaite 10 Queen Street London EC4R 1BE Company Registratlon Number 6388943 Charity Reglslration Number 1121531
SAINT JOHN SOUTHWORTH FOUNDATION REPORT OF THE TRUSTEES Year ended 31 August 2023 Introductlon The Trustees, who are also Directors of the charitable company, present Iheir report and financial statements for the year ended 31 Augusl 2023. In presenting this report, the Trustees have complied with ihe Charities Act 2011. the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charib'es.. Statement of Recommended Practice. Legal and Administratlve Informatio The Charity is registered for charitable purposes with the Charity Commission, registration numb8r 1121531 and is a registered company limited by guarantee. The goveming Instrument is Ihe Company's Memorandum and Articles ofAssociation dated 28 September 2007 and amended on 17 May 2012. Members of the Board of Trustees in the year to 31 August 2023 and at the date of signing these accounls are detailed on page 2. There shall be at least three Trustees and such other persons appointed by the Board of Trustees with no maximum number. At each Annual General Meeting of the Company one third lor the n8ar8st number to one third) retire by rotation and are eliglble for re-election al thal meeling. Charitablo Objects and Public Benefit The Trustees confim that they have paid due regard to the Charily Commission's general guidance on charities and public benefit. The Charity's objects are: to advance Ihe exlra-curricular provision for pupils of the Saint John Southworth Catholic Academy Trust Ifomierly the Cardinal Vaughan Memorial School) by providing and assisting in the provision of facilities (not required to be provided by the Local Education Authority) for education at the Schools., the promolion of community participation in sport, music and the arts within the Gater London area.. lo help young people develop their skills and talents enabling them to participate in society as mature and responsible individuals- and to advance the education of the public, in partilar. the pupils of the Saint John Southworth Catholic Academy Trust. Share Capital and the Liability of the Mèmbers The Company is limited by guarantee and has no share caprtal. The liability of the members is limited by guarantee. In Ihe event of the Company being wound up during Ihe year of membership or wilhin the year following. members are required to contribute an amount not exceeding £1 towards the cost of dissolulion and the liabilities incurred by the Charity. The Trustees are the only members.
SAINT JOHN SOUTHWORTH FOUNDATION REPORT OF THE TRUSTEES Year ended 31 August 2023 Organi5ation The overall reswnsibilily for the Charity is vested in the Board of Trustees. The day to day management of the Charity is delegated to the Foundalion Director. Financial Report forthe Year Three new Associations were created during the year supporting the growing number of schools within the Saint John Southworth Catholic Academy Trust. This Significantly increased the Foundation's reseNes. Activltles from all Associations continu8d in the course of the year Taising funds for the Foundation's charitable PO$e8. Planned expenditure on charitable activlties 8pwoved pre-covid has been reviewed. These funds have been retumed to the ChaTity's unrestricted reseNes to be utilised for future plans. The surplus of income over expenditure was £387,228 (2022 - £213.811), fore investsnent losses and the transfer of funds to the Old Vaughnians Football Club. Future plans Ttte Trustees reGognise that 9OV8mment funding of schools contlnue to fall in re81 temis causlng increased financial pressure to maintain a broad and balanced curriculum and extra-curricular provision. Pupll numbers within the Trust have almost doubled. In the light of this the Tw$tees feel that reserves must be set aside to provide a reasonable level of assurance to schools that plans for capital and other existing commitments wlll be sUPWrted by the Foundation. The Trustees also anticipate expanding the Pupil Support Fund to accommodale bursaries supwrbng families of pupils in difficult circumstsnces. The Trustees will also continue to support the provision of extra-currlcular activities not able to be funded from other sources Reservfrs Policy The Foundation had unrestricted reserves of £975.074 at 31 August 2023131 August 2022 - £593,947). The Trustees aim to maintain a level of reserves that is appropriate. The reserves policy will be reviewed annually, to ensure adequat8 funds are retained to allow the Charily to operate effectiV81y and to meet its ch8ritable objectives. Risk Management The Twstees hove considered the slrategic and operational risks faced by the Charity and are of the view that arrangements are in place to mitigate the most significant risks. Statemenl on Equality and Cultural Diversity The Foundation is a registered ¢harity. It is govemed by Trustees who receSve no payment and give their time voluntarily. On the occasions when Ihe Foundation employs consultsnls or instruclors. recruitment is open and appointments are made on the basis of ability and experience, regardless of race, gender or ago.
SAINT JOHN SOUTHWORTH FOUNDATION REPORT OF THE TRUSTEES Year ended 31 August 2023 Audit Inlorniation The Twslees who hold office al the date of approval of this Trustees, Report confi'rm that. so far as they are individually aware, there is no levant audit infomiation of which the Charity's auditors are unaware., and each Trustee has taken all steps that they ought reasonably to have laken as a Trustee to make themselves aware of any relevant audit information and to estsblish that the Charity's auditors are aware of that infoThation. Auditors Our independent auditors PKF Littlejohn LLP have signified their willingness lo continue in office as auditors. By Order of the Board of Twstees Nicholas Kehoe Company Secretary Date:
SAINT JOHN SOUTHWORTH FOUNDATION STATEMENT OF TRUSTEES, RESPONSIBILITIES The Trustees are responsible for preparing the Trustees. report and the Financial Statements in accordance with applicable law and regulations. Company and charity law requires the Trustees to prepare financial statements for each financial year. Under those laws the Trustees hav8 elecled to prepare the financial statements in accordance with United Kingdom Generally Aepted Accounting Practice (UK GAAPI. Under company and charity law the Twslees must not approve Ihe financial statements unless they are satisfied that Ihey give a true and fair view of the stale of affairs of the charitable company and of the surplus or deficit of the charitable company forthal year. In preparing those financial statements, the Trustees are required to.. select suilable accounting policies and then appty them consistently., make judgements and estimates that are reasonable and prudent., prepare the financial statements on the going Goncem basis unless it is inappropriate to presume that the Charity will wntinue In operation. The Trustees are responsible for keeping adequate accounling records that are sufficient to show and explain the Company's transaclions and disclose with reasonable accuracy at any lime the financial position of the Charity and enable them to ensure that th8 financial statements comply with the Compar)ies Act 2006. The TrLJStees are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and det8clion of fraud or other irregularities.
SAINT JOHN SOUTHWORTH FOUNDATION REPORT OF THE AUDITORS INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SAINT JOHN SOUTHWORTH FOUNDATION Oplnlon We have audited the financial statements of Sainl John Southworth Foundation (the 'charilable company'} for the year ended 31 August 2023 which comprise the Statement of Financial Activities. the Balance Sheet. Statement of Cashflows and notes to the financial slalements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Stsndard 102 The Financial Reporting Standard applicable in Ihe UK and Republic of Ire18nd (United Kingdorn Generally Accepted Accounting Praclice). In our opinion, the financial statements: give a true and fair view of the state of the oharilable company's affairs as at 31 August 2023 and of its incoming resources and application of resources. including its income and expenditure. for the year then ended. have been properly prepared in accordance with United Kingdom Generally ApIed Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for oplnion We conducted our audit in accordance with Intemational Standards on Auditing {UK) IISAS (UKII an¢J applicable law. Our responsibilities ur)der those standards are further described in the Audilorfs responsibilities for the audit of the financial stalemenls section of our report. We are independent of the Charitable company in accordance with the ethical requirements that are relevant lo our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in 8ccordance with these requirements. We believe that the audit evidence we have obtained Is sufficient and appropriate to provide a basis for our opinion. Con¢luslons relating to going concern In auditing the financial statements. we have concluded that the Trustees, use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any malerial uncertainties relating to events or conditions that. individually or collectively. may cast significant doubt on the charitable company's 8biif(y to continue as a going concern for a period of al least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of Ihe Trustees with respect lo going concem are described in the relevant sections of this report. Other Information The other Information comprises the infonnation Inclded in the Tiustees, annual report, other than the financial stalements and our 8uditor's report thereon. The Trustees are responsible for the other infom)ation contained within the Trustees, annual report. Our opinion on the financial statements does nol cover the other infomatic)n and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other informabon and, in doing so, consider whether the othei information is materially Inconsistent with the financial statements or our knowledge obtained in the course of the audit. or othewise appears to be materially misslaled. If we identify such material inconsistencies or 8pparent malerial misstatements, we are required to delemiine whelher this gives rise to a material misstaternent in the financial statements themselves. If. based on the work we have performed, we conclude that the is o material misstatement of this olher infom)ation, we 8re required to r8POrt that fact. We have nolhing lo report in this regard.
SAINT JOHN SOUTHWORTH FOUNDATION REPORT OF THE AUDITORS Opinions on othèr matters prescribed by the Companles Act 2006 In our opinion, bas8d on the work undertaken in the course of the audit,. the infom)atlon given in the Twstees, report, whith includes the Directors, report PrePad for the purposes of Company law. for the financial year for which the financlal statements are prepared is consislenl with the financial statements., and the Directors, report included within the Trustees, report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by ex¢eptlon In the light of the knowledge and understanding of the charitable company and their environment obtained in the course of the audit, we h2ve not identified maleri81 misslatements in the Directors. report included wilhin the Trustees, annual report. We have nothing lo report in respect of the following matters in r8lation to which the Companies Act 2006 and the Charities Act 2011 requires us to report to you if. in our opinion.. adequate and sufficientaccounting COrdS have not been kept by the charitable company, or returns adequate for our audit have not been received from branches not visited by us., or the charitable company's financial ststements are not in agreement with Ihe accounting records and returns., or certain disdosures of Truslees, remuneration specified by law 8re not made,. or we have not reGgived all the infomiation and explanations we require for our audSt. Responsibilities of Trustees As explained more fully in the Trustees, statement of responsibilities, the Trustees (who are also the Directors of the charitable company for the purposes of company lawl are responsible for the preparation of the charitable company financial statements and for being satisfied thal they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparalion of financial stalements that 8re free from material misstatement. whether due to fraud or error. In preparing the charitable company financial statements. the Trustees are responsible for assessing the charitable company's ability to continue as a going concem, disclosing, as applicable, matters related to going cOnM and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease 0ratiOnS. or have no realistic altemative but to do so. Audltor's responsibilitios f¢r Ihe audit of the financial Statements We have been appointed auditor under the Companies Act 2006 and section 151 of the Charities Act 2011 and report in accordance with Ihose Acts and relevant regul8tions made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misslalement. whether due to fraud or error. and lo issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assLJrance but is not a guarantee that an audit conducted in accordance with ISAS {UKI will always detect a materi81 misstatement when il exists. Misstalemenls can arise from fraud QT error and are considered material if, individually or in the 8ggregate, they could reasonably be expected to influence the efjonomic decisions of users laken on the basis of these financial ststements.
SAINT JOHN SOUTHWORTH FOUNDATION REPORT OF THE AUDITORS Irregularities, induding fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above, to detect material misstatements in respect of irregularities, including fraud. The exlent to which our prOdureS are capable of detecting irregularities, including fraud is detailed below: We obtained an underslanding of the charitable company and the sector in whitsh they operate to identify laws and regulations that could reasonably be expected to have a direct ellect on Ihe financial statements. We obtained our und8rslanding in this regard through discussions wilh management, industry research, application of cumulative audit knowledge and experience of the sector. We deleTmined Ihe principal laws and regulations relevant to the charitable company in thi5 regard to be those arising from Companies Act 2006, Charities Act 2011, Charities (Accounts and Reports) Regulations 2008 and lax legislation. We designed our audit procedures to ensure the audit team considered whether there were any indications of non-compliance by the charitable company with those laws and regul8tions. These procedures included. but were not limited to, enquiries of management and reviewing of goveming documentation. We also identified the risks of material misslatement of the fflnancial statements due to fraud. We considered, in addition lo the non-rebuttable presumption of a risk of fraud arising from management override of controls, that the completeness of liabillties was also an area of risk. As in all of our audits, we addressed the risk of fraud arising from management overrlde of controls by perfoming audil procedures which included. but were not limited to.. reviewing actounting estimates for evidence of bias; and evaluating the business rationale of any signlficanl Iransactions that are unusual or outside Ihe normal course of business. Because of the inherent limitations of an audit, there is a fisk that we will not detect all irregularities, includlng those leading to a material misstatement in the financlal statements or non-compliance with regulalion. This risk increases the more that compliance with a18w or regulation is removed from the events and transacts'ons reflected in the financial slalements, as we will be less likely to become aware of instsnces of non- compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error. as fraud involves intentlonal Goncealment, forgery. collusion, omission or misrepresentation. A further description of our responslbililies for the audit of the financial statements is located on the Financial Reporting Council's website at". ww.frc.or .ukJaudiiorsres onsikn'lities. This descriplion forms part of our auditor's report. Uso of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and to the charitable company's Trustees, as a body. in aGcordance wilh Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audrt work has been undertaken so that we rnight state to the charitable company's members and Trustees those matters we are required to state to them in an audilorfs report and for no other purpose. To the fulle51 extent pemitted by law, we do not accept or assume responsibility to anyone. other Ihan the charitable company and the charitable compgny as a body and the charitable company's Trustees as a body, for our audit work, for this report, or for the opinions we have formed. Alastair Duke Isenior Statutory Auditor) For and on behalf of PKF Littlèjohn LLP Statutory Auditor 15 Westferry Circus Canary Wharf London E14 4HD
SAINT JOHN SOUTHWORTH FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES Incorporating an income and expenditure account Notes Year ended 31 August 2023 General Purpose Fund Total Funds 2023 Total funds 2022 Income from: Donations 293.449 293,449 229,398 Activities for generating funds Investment income 70.714 6,916 70.714 6,916 73,029 7,526 Charitable Activities 5.255 Tolal Income 371,079 371,079 315.208 Expenditure on: Charitable activities Costs of generating voluntary income (40,5261 24,378 140,526) 24,378 78.043 23.354 Total Resources Expended (16.149) {16,149) 101,397 Unrealised {lossygain on inveslments Transler of Funds to OVFC {6.101) 16.101 } {12,895) {40,271) Net Movemont In Funds 381.127 381,127 160,645 Fund Balances brought forward 593,947 593,947 433,302 Fund Balances carried forward 975,074 975,074 593,947 The Charity has no recognised gains or losses other than as staled above. All of the activities represent continuing aclivities of the Charity. The Accounting Policies and Notes on pages 13 to 17 form part of these financial statements. 10
SAINT JOHN SOUTHWORTH FOUNDATION Company Registration No. 6388943 BALANCE SHEET As at 31 August 2023 Note 2023 2022 Investments 227,073 233.174 Currenl Assets Debtors Cash at bank a1 in hand 22,395 731.877 42,187 378.528 754,272 420,715 Creditots: amounts falling due wilhin one year (6.271 } {59,942) Net Current Assets 748,001 360,773 Net Assets 975,074 593,947 Funds General Purposes Fund 10 975.074 593.947 The financial statement5 were approved and authorised for issue on behalf by.. 2023 and signed on ils Nlcholas Kèhoè Trustee St&ven K&ogh Trustee The Accounting Policies and Note5 on pages 12 10 17 form part of these Financial Stalements. 11
SAINT JOHN SOUTHWORTH FOUNDATION STATEMENT OF CASHFLOWS Year ended 31 August 2023 Note 2023 2022 Cashflow from operatlng aGtivlties 353,349 214,486 Transfer of Resorves {40.271) Net cashflow from investment activitles Increaselldecrease) In cash In the pfrriod 353,349 174,215 Cash balances at start of year 378,528 204,313 Cash balances al year end 731,877 204.313 Reconciliation of net exponditure lo not cashflow from operating activitles Net movement in funds Unrealised investment losses / {gain5) Transfer of Funds Ilncrease) l Decrease in debtors Increase I (Decrease) in creditors due within one ye8r 381,127 6.101 160,645 12,895 40,271 {42.1871 42,862 19,792 (53,671) Nel ¢ashflow from operating activities 353,349 214,486 The Accounting Policies and Notes on pages 12 to 17 fomi part of these Financial Statements. 12
SAINT JOHN SOUTHWORTH FOUNDATION ACCOUNTING POLICIES Basis of Preparatlon Saint John Soulhworih Foundation is a Charity (registered number 1121531 } and a Company limited by guarantee with no share capital (registered number 63889431 in the United Kingdom. In the event of the charity being wound up. the liability in respecl of ihe guarantee is limiled to £10 per member of the charity. The address of the registered office is given in the charity infomialion on page 2 of these financial stalemenls. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have teen prepared in accordance with Accounting and Reporting by Charities= Statement of Recommended Practice applicable lo charities preparing their accounts in ac¢ordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) - (Charities SORP (FRS 1021) the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The significant accounting policies applied in the preparation of thesè financial statements are set out below. These policies have been consistently applied to all years presented Going Concern It is the opinion of the Trustees that the use of the going concem basis of accounting is appmpriale because there are no material uncertainties relating to events or conditions that may cast significant doubt about the abiSity of the Charity to continue as a going contem- and there is a reasonable expectation that the Charity has adequale resources to continue in operational existence for the foreseeable future. Income With the exceplion of voluntary income arising from donations and gifts, the existence of which Is not known until it is received by the Charily, all income is credited to the Slalement of Financial Activities (SOFA) on an accruals basis. Income is generally iecognised on a receivable basis where the charity has entillemenl to the income, the amounl can be measured and reIpt is considered probable. Income is reported gross of related expenditure. Expendlture All expenditure is ac(x)unted for on an accruals basis and is reported gross of related income. Support costs are allocated to expenditure on a basis consistenl with the use of resources. Expenditure on charitable aclivilies cornprises direct expenditure Costs of generating voluntary income comprise direct fundraising costs. Investmenls Publicly traded investments, or those where fair value can otherwise be measured reliably. are measured at fair value at each balance sheet date, with changes in fair value recognised in the SOFA. Fund Accounting The General Purposes Fund comprises those monies which may be used towards meeting the charitable objectives of the Charity at the discretion of the Truslees. Restricted Funds are monies raised for. and their use restricted to. a specific purpose. or donations subject to conditions imposed by donors. Taxation The Charity is a registered charty and is not liable to Income Tax or Corporation Tax on income derived from its charitable activities. Income arising from non-charilable aclivities may be subject to taxation. The Charity is not registered for VAT. All amounts in the financi81 activities are shown inclusive of VAT. where relevant. 13
SAINT JOHN SOUTHWORTH FOUNDATION NOTES TO THE FINANCIAL STATEMENTS Year ended 31 August 2023 1. Actlvities for Generating Funds Total 2023 Total 2022 Fund Raising Events.. Foundation Dinners and Auctions Vaughan Parents Association Events Music Association Events Sports Association Old Vaughnians Association Old Vaughnians Football Club 19,048 21,129 28.183 1.889 465 18,870 24,337 20.299 3.865 786 4.872 70.714 73,029 All actlvitie8 in both years related to unstriCted funds. 2. Incoming Resources from Charitable Activities Team Subscriptions 5.255 5,255 Activities related to unrestricted funds. 3. Resources Expended Direct Costs Support Costs Total 2023 Total 2022 Charitable activities Cost of generating voluntary income 142.392) 20.194 1,865 4,184 140,5271 24,378 78,043 23,354 (22.198) 6.049 {16,1491 101,397 Charitable activities include the writeback of previously accrued grants of £50,840, no longer required. All activities in both years related to unrestricled funds. 4. Nèt Incoming Resources 2023 2022 This is staled after charging: Auditors, remuneration 3,600 3,600 14
SAINT JOHN SOUTHWORTH FOUNDATION NOTES TO THE FINANCIAL STATEMENTS Year ended 31 August 2023 5. TTUStees and Employees No remuneration was paid or payable diredly or indirectly out of the ndS of Ihe Charity to any Trustee or to any per8on or persons known to be connected with any Trustee during the year, No expenses were reimbursed lo any Trustee. Indemnity for the Trustees is covered by the sarne pollcy as that for the Sainl John Southworth Catholic Academy Trust Iformerfy the Cardinal Vaughan Memorial School) and the insurance Charge in the accounts reflects this. 6, Investments 2023 2022 Balance brought forward Unrealised (losses} gains 233,174 246,069 {6,101) 112.895) 227,073 233,174 7. DebtOTS Income Tax recoverable Prepayment Other 17,400 1,151 3,844 42,187 22.395 42,187 8. Creditors: amounts falling due within one year Accruals and deferred income 6.271 59,942 6,271 59.942 15
SAINT JOHN SOUTHWORTH FOUNDATION NOTES TO THE FINANCIAL STATEMENTS Year ended 31 Au9USt 2023 9. Reserrfes Balance at beginning of year Unrealised Balance at Incomlng Outgolng investment end of rgsources resources loss year Designated funds General Fund Love & Service Fund Sports Association Vaughan PantS Associalion Old Vaughanians, Assoclation MusiG Association St Joseph's Association 42,810 261,528 42,278 143,693 13,564 83.499 6.575 28,513 208,878 2,369 23,486 465 29,683 77,685 (7,000) 13.031) 11.431) 29,842 (3711 (8501 (1,0101 {6,101} 58,222 467,375 43,216 197,021 13.658 112.332 83.250 593,947 371.079 16.149 (6.101) 975,074 Prior year resgrves Balance at beginning of year Unroalls•d Balanc• at Incoming Outgolng investment end of resour¢oS resources gains year Deslgnated funds General Fund Love & Service Fund Sports Association Vaughan Parents Association Old Vaughanians, Association Music Association St Joseph's Association Old Vaughanians Football Club 51,469 63,643 39,911 138.302 13.136 84,603 27,225 199,214 3,865 24,348 785 42,409 7.235 10,127 122.9901 112.8951 11,3291 11,4971 {18,957} 1352) {43,518) {660) 112.094) 140.271) 42,810 261,528 42,278 143,693 13,564 83,494 6,575 42.238 433,302 315,208 {101,3971 153.166) 593,947 16
SAINT JOHN SOUTHWORTH FOUMDATION NOTES TO THE FINANCIAL STATEMENTS Year ended 31 August 2023 10. Nel Assels by Fund Invgslments Dfrbtors Cash Creditors Total General Purposes fund 227.073 22,395 731.877 {6,2711 975,074 227,073 22,395 731.877 (6,271) 975,074 Prior Yoar Net Assets by Fund Debtors Cash Creditors Totsl General Purposes fund 233,174 42,187 378,528 (59,9421 593,947 233,174 42.187 378,528 {59,942) 593,947 12. Contingent Liabilities There were no contingent li8bilities at 31 August 202312022- None). 13. Capital Commitments There were no capital commitments at 31 Augusl 202312022- None). 14. Related Party Transactions The Foundation is associated with Saint John Soulhworth Catholic Academy Trust and advances the extra-curricular educalion of pupils in the Trust. During Ihe year the Foundalion contribuled £3.185 2022 £78,043) to the School's activities. Five of the Trustees of the Foundation are also employees or directors of the Trust. At 31 August 2023. the School was owed £nil by the Foundation12022- £nill. 17