Charity registration number 1137656 Company registratlon number 07205273 (England and Wales} NONSUCH HIGH SCHOOL CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
NONSUCH HIGH SCHOOL CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION Trustees and Members DS Evans AB Taylor JAClay AC Cooke DA Cameron A Foster Secretary H Lungany Charlty number 1137656 Company number 07205273 Regl$tered offlce Nonsuch High SchcK>l for Girls Ewell Road Cheam SM3 8AB Indepgndgnt examlner Baxter & Co Lynwood House Crofton Road Orpington Kent BR6 8QE Bankers Lloyds Bank PLC High Street Sutton P.0. Box 1000 BX1 7LT
NONSUCH HIGH SCHOOL CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) CONTENTS Page Trustees, report Independent examinerfs report Slalement of financial actiwlies Balance sheet Notes to the financlal slalemenls 6-12
NONSUCH HIGH SCHOOL CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2022 The Trustees present their annual report and financial statements for the year ended 31 March 2022. The financial slalemenls have been prepared in accordance with the accounting policles set out In note 110 the financial statements and comply with the Charitable Company's memorandum of association. the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" {effeclive 1 January 20191. Objectives and actiYitie8 The Charitable Company's objects are lo promote and advance for the public benefit the education of the pupils of Nonsuch High School for Girls {part of Girls. Learning Trust company number 078279611 by supplementing the educational provision and facilities for the teaching and learning of all subjects and the provision of recreational and other charitable support and facilities al the school, where the funds made available by the local authority and the govemment for this purpose are insufficient lo meet the costs of the same. Restricted funds include a fixed assets fund of £81,153. The charity is administered by a management board made up of the Trustees noted below. Parents of the students of Nonsuch High School for Girls (part of Glrls, Learning Trust) donate funds to be applied in the furtherance of the charity's objectives. Publlc Beneflt Statement In setb'ng the charity's objectives, the Trustees have given careful consideration to the Charity Commission's general guidance on public benefit. Trustees are satisfied that the charity's activities have been for the public benefit. Achievements and performance Financial review The activities of the Trust focus on providing the students with additional resources and enrichment opportunities for educational purposes. During the year ended 31 March 2022. the Trust donated £10.00012021.. £10.0001 towards Extension Activities. The attached accounts show the current slate of finances which the trustees Consider to be sound. Accumulated funds al 31 March 2022 lolal £469.97412021.' £423,414). Parental and other donations in the year amounted to £58,80812021.' £79.251}- Policy on Reserves The trustees, policy on resetve levels is as follows.. al Restricted funds should not be allowed to a¢¢umulate significant sums and will normally be spent within the financial year on the specific purpose for which the funds are restricted. bl Trustees have designated all other unrestricted surplus funds to be used to promote and advance the education of students of Nonsuch High SchocA for Girfs. The Trustees have decided that parental donations for the new students need not be made lo support the charitable compsny, howevei other parents will continue to support the charitable company and donations will be applied to its charitable objects. Risk Management The major risks lo which the charity is exposed, as identified by TrLtslees have been reviewed. Systems and procedures have been established to manage those risks.
NONSUCH HIGH SCHOOL CHARITABLE TRUST
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
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Thè TrLEteE5, a&0 the dire&ots of the cbARt4C Company lor thc PUVXfa ol thc CompaniE5 Aci 20C6
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DS Lvaty
AB Taylo".
AC Cooke
DA ca-,.eron
(RAgned 19WI 20211
A foaer
M P7rant
IAppoin&ad 30 JJne 20211
Day lo day managcmcnl OT ihL djariiy ts rJ¥lesated to U)e rinan
Louise Hallsworth FCA, for and on behalf of Baxter & Co
Lynwood House Crofton Road Orpington Kent BR6 8QE
Dated: ........ceeeseeeeeeeeee 12 January 2023
NONSUCH HIGH SCHOOL CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 Unrestrlcted Unrestrl¢tod Rg$trictgd tunds funds funds general designated 2022 2022 Total Total 2022 2022 2021 Notes ncomo from: Donations and lega¢ies Investments 58,808 162 58,808 162 79.251 191 Total incoma 58,970 58,970 79,442 endlture on: Ch81ilable activities 11,585 825 12.410 12.627 Net income for the yearl Net movement in funds 47,385 {825} 46,560 66.815 Fund balances at 1 April 2021 292,453 40.000 90,961 423,414 356,599 Fund balances at 31 March 2022 339,838 40.000 90,136 469,974 423,414 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivilies. The slalemenl of financial activities also complies with the requirements for an Income and expenditure account under the Companies Act 2006.
NONSUCH HIGH SCHOOL CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET ASAT 31 MARCH 2022 2022 2021 Not¢s Fixed assfrts Tangible assets 81,153 81,153 Current assets Debtors Cash at bank and In hand 10 5,557 394,849 8,752 335,124 400,406 343,876 Creditors: amounts falling due within one year 11 {11,585) {1,6151 Nat cuirent assets 388,821 342,261 Total assets less CUJTent Ilabllltles 469,974 423,414 Income fund$ Restricted fixed asset fund Isuryey Field) Restricted genaral funds 81,153 8,983 81,153 9,808 12 90.136 40,000 339,838 90,961 40,000 292.453 Unrestricted funds- d8signatgd Unrestricted funds- general 469,974 423,414 The o)mpany Is enlltled to the exemption from the audit requirement contsined In section 477 of the Companles Act 2006, for the year ended 31 March 2022. Th& dlr8clors aoknowladgo Ih8lr responsibilities for complying with the requirements of the Companies Att 2006 with respect to accounllng records and the pr8p8ratlon of financlal stal6m8nts. The members have not required the company to obtain an audit of 115 flnanclal ststement8 for the year In questlon In accordance with section 476. These financial slatemenls have been prepared in accordance with the provisions applicable to colnpanies sublect to the small companies regime. ls... Jkjno 0kn22.. The financial slat8monls were approved by the Trustees on ...... . AC Cooke Trustee Comp?ny reglstratlon number 07205273
NONSUCH HIGH SCHOOL CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accounting policies Charity infom)atlon Nonsuch High School Charitable Trust is a privale company limited by guarantee incorporated in England and Wales. The registered office is Nonsuch High School for Girls. Ewell Road. Cheam, Surrey SM3 8AB . 1.1 Accounting conventlon The financial statements have been prepared in accordance with the Charitable Company's articles of association, the Companies Act 2006 and 'Aceounling and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" las amended for accounting periods commencing from 1 January 20161. The Charitable Company is a Public Benefit Entity as defined by FRS 102. The Charitable Company has laken advarblage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Slalemenl of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the Charitable Company. Monetary amounts in these financial statements are rounded lo the nearest £. The accounts have been prepared on the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Golng ¢on¢¢rn Al the time of approving the financial statements. the Trustees have a reasonable expeclalion that the Charitable Company has adequate resources lo continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial slalemenls. 1.3 Charitable funds Unreslricled funds are available for use al the discretion of the Trustees in furtherance of their ¢harilable objectives unless the funds have been designated for other purposes. Designated funds comprise unrestricted fund5 that have been sel aside by the Trustees for particular purposes. Restricted funds are subject to specrfic conditions by donors as to how they may be used. The purposes and uses of the restricted funds are sel out in the notes lo the accounts. 1A Income Income 15 recognised when the Charitable Company is legally entitled lo it after any perfomiance conditions have been met. the amounts Can be measured reliably, and It is probable that Income will be received. Cash donations are recognised on receipt. Other donations are recognised once the Charitable Company has been notified of the donation. unless performance conditions require deferral of the amount. Income lax recoverable in relation lo donations received under Gift Aid or deeds of Covenant is recognised al the lime of Ihg donalron. Legacies are recognised on receipt or otherwise if the Charitable Company has been notified of an impending dislribulion, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a Contingent asset.
NONSUCH HIGH SCHOOL CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Accounting policies (Continued) 1.5 Expenditure All expenditure (including irrecoverable VATI is accounted for on an accruals basis and has been classifièd under headings that aggregate all costs related lo the category. Where costs cannot be directly atlribuled to particular headings, they have been allocated to activities on a basis consistent with use of resources. 1.6 Tangible flxed assets Tangible fixed assets are initially measured al cost and subsequently measured at CO81 or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less Ih9ir residual values over their useful lives on the following bases.. No depreciation is provided on freehold land. The gain or loss arising on the disposal of an asset is deterniined as the difference been the sale proceeds and the carrying value of the asset. and is recognised in the slalemenl of financial aclivilies. 1.7 Impalrment of fixed assets Al each reporting end dale, the Charitable Company reviews the carrying amounts of ils tangible assets to determine whether there is any indi¢alion that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is eslimaled in order lo determine the extent of the impaimenl loss {if any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held al call with banks, other short-lerm liquid investments with original malurilies of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Financial instruments The Charitable Company has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12 '01her Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Charitable Company's balance sheet when the Charitable Company becomes party to the contractual provisions of the instrument. Financial as5els and liabilities are offset. with the net amounts presented In the financial slalemenls, when there is a legally enforceable right to sel off the recognised amounts and there is an intention lo settle on a nel basis or to realise the asset and settle the liability simultaneously. Bas1¢ flnanclal assets Basic financial assets, whtch include debtors and cash and bank balans. are initlalFy measured al transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement conslilutes a financing transaction, where the transaction is measured al the present value of the future receipts discounted al a market rate of interest. Financial assets classified as receivable within one year are not amortised.
NONSUCH HIGH SCHOOL CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Accounting policies (Continued> BèsiTC financlal liabllltles Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured al the present value of the future receipts discounted al a market rale of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are sUbseqUenY carried at amort15ed Cost, using the effective interest rale method. Trade Creditors are obligations lo pay for goods or services that have been 8cquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially at transaction price and subsequently measured al amortised cost using the effective interest method. Critical accounting estimates and judgements In the application of the Charitable Company's accounting policies, the Trustees are ¥equired to make judgements, estimates and assumptions about the carrying amount of assets and liabilities Ihal are not readily apparent from other sources. The eslimales and associated assumptions are based on historical experience and other factors th81 are considered lo be relevant. Actual results may differ from these estimates. The eslimales and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting estimates are cOgnised in the period in which the estimate is revised where the revision affects only that period, or in the period of the ievision and future periods where the revision affects both cuirenl and future periods. In preparing these Financial Ststements, the Trustees have not needed to exeTcise any subj-ective judgements that would be ¢riti¢al to the Trust's Financtal Statements. Donations and legacles 2022 2021 Parental and other donations 58,808 79.251 Income for both the current year and the prior yeai are unrestricted.
NONSUCH HIGH SCHOOL CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Investments Unrestricted Unrestricted funds funds general general 2022 2021 Interest re1Vable 162 191 Incom& for both the current year and the prior year are unrestricted. Charitable a¢tivities Charitable Expendlture Support Costs Total 2022 Total 2021 Donation to Nonsuch High School {part of Girls Learning Trust) 10,825 10.825 11,012 Governance costs 1,585 1,585 1,615 10.825 1,585 12,410 12,627 Expenditure for the cuirenl year indudes £1.585 from unreslricled funds and £10.82S from reslricled funds. Expenditure for the prior year includes £11,615 from unrestricted funds and £1.012 from reslricled funds. Support costs Support Governance Cost$ Costs 2022 2021 Accountancy fees Legal and professional 1,572 13 1,572 13 1,602 13 Governance 1.585 1.585 1.615 Charitable activiltes 1,585 1,585 1.615 Trustgts None of the Trustees lor any persons connected wlth them) received any remuneration or benefits from the Charitable Company during the year.
NONSUCH HIGH SCHOOL CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Employees There were no employees during the year. Tangible flxed assets Freehold land Cost Al 1 April 2021 81.153 At 31 March 2022 81.153 Carrying amount Al 31 Mah 2022 81,153 Al 31 March 2021 81,153 The above fixed asset is land purchased from Surrey County Council in March 2012 to be used as playing rields for the Girls from Nonsuch High School for Girls Ipart of Gir15' Learning Trust). A reslriclive covenant is in place from Surrey County Council lo confine the use of the land as playing fields for educational purposes. 10 Debtors 2022 2021 Amounts falling due within one year: Other debtors 5.557 8.752 11 Creditors: amounts falling due within one year 2022 2021 Other creditors 11,585 1,615 10-
NONSUCH HIGH SCHOOL CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 12 Funds Movement In funds Balance at 1 In¢oming R¢$our¢¢s Balance at 31 April 2021 resources expended March 2022 Restricted Funds Fixed Asset Fund General Restricted Fund 81,153 9,808 81.153 8.983 {825} 90,961 {8251 90,136 Unrestrlctod Funds General Unrestricted Fund Designated Unrestricted Fund 292,453 40,000 58.970 {11.5851 339.838 40.000 332,453 58,970 111.5851 379,838 Totsl Funds 423,414 58.970 {12.410} 469,974 The specific purposes forwhich the funds are to be applied are as follows.. The Reslricled Fixed Asset Fund represents investrnenl in fixed assets. net of related depreciation. The Restricted General Fund represents donations whose use is restricted to purchase of prizes for students. The General Unreslrided Fund reprgsents balances held al year end that can be applied al the discretion of the Trustees. to support the ch8rilable objectives of the chaiitable company. Designated Unrestricted Funds represent amounts e8marked for specific projects by the Iruslees.
NONSUCH HIGH SCHOOL CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 12 Funds {Contlnued) Prior year funds Movement in funds Balance as Incoming Resources Balance as at at 1 April resources expended 31 March 2019 2020 Restri¢t¢d Funds Fixed Asset Fund General Restricted Fund 81,153 10.820 81,153 9,808 {1.012) 91.973 {1,0121 90,961 Unrestrlcted Funds General UnstriCted Fund Designated Unrestricted Fund 224,626 40,000 79.442 {11.6151 292,453 40,000 264,626 79,442 {11.615} 332,453 Total Funds 356,599 79,442 {12.6271 423.414 13 Analysis of net assets between funds Unrestricted Unre$tri¢tsd funds gèneral funds do$ignatèd Rastricted funds Total Fund balances al 31 March 2022 are represented by.. Tangible assets Cuirenl asselsl{liabilitiesl 81,153 8,983 81,153 388,821 339,838 40,000 339,838 40,000 90,136 469.974 Analy$l$ of not assets between funds (Prior Year} Unrestricted Unre8trl¢ted funds general funds d&$lgnatèd Rastricted funds Total Fund balances at 31 March 2021 are represented by.. Tangible assets Current asselsl(li8bililiesl 81,153 10,820 81,153 275,446 224,626 40,000 224,626 40,000 91,973 356,599 12-