OpenCharities

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2020-08-31-accounts

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Description ofthe charity's trusts
Type ofgoverning
document
Conslitution
How the charity is constituted
Trustee selection methods The Trustees
Each Trustee
are elected by the Charity
shall retire with effect from
in an annual
general meeting.
the condusion ofthe AGM next
after his or her appointment
but shall
be eligible for ie-election atthat
AGM.
Additional
governance
issues (Optional infwmation)
You may choose to indude
additional
information,
where
All Trustees give their time voluntarily
remuneration
or other benefits.
to the charity and receive no
relevant, about:
~ policies and procedures
adopted forthe induction and
training oftrustees;
~ the charily's organisational
structure
and any wider
network
with which the charily
works;
~ relationship
with any related
parties;
e trustees'
consideration
of
major risks and the system
and procedures to manage
them.
Toadvance the education ofthe Toadvance the education ofthe pupils ofSt James CcfEPrimary
School by providing
and
assisting in the provision offacilities (not
Summary ofthe objects ofthe
charity set out in its
required to be provided
the schooL
by the kical education authority)
for education
at
governing
document

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Summary ofthe main
achievements
ofthe charity
during Ne year
The financial year 2019-2020was asuccessl'ul
fundraising
year for the
Friends ofStJames School despite the coronavirus
pandemic.
The
Friends ofStJames School started the year with a cash balance of
645,985.44and no unpresented
cheques.
The Gross Income for the
year was 635,600.49with expenses forthe various events totalling
F5,078.63. Atotal of631,488.75was paid tothe school during the
period, leading toa carried forward cash balance of645,018.13. A
significant
portion ofthis isto support the creation ofa mindfulness
garden, outdoor dassroom
building,
and more lockers forthe students.
A summary
ofthe main fundraising
activTiies, and the net profit raised by
these events, is provided
below:
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The year started with the AGM which raised 6852
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The Christmas
Fair raised 66.316
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The Christmas
Canvas bag sales raised 6826
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The quiz night raised E1,605
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A 5p challenge raised 61,026
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Multiple Socially Distanced Relay Runs raised K13,661
The Friends spent 610,000on a school minibus
The Friends spent 68,046on new laptops for the children
The Friends spent 63,740on blinds forthe new renovated
Lodge building
The Friends spent 52,847on new books forthe children's
libraries
The Friends spent F1,606on playground
equipment
The Friends spent 61,463on helmets. bikes and road safety equipment
The Friends spent 6283on Christmas
presents forthe children
The Friends spent k891 on World Book Day
All funds are held in unrestricted
reserves.
The charity aims to ensure
Briefstatement ofthe
charity's
policy on reserves
that funds raised should be spent tobenefit the school and cash is
accumulated
only to save for large items ofexpenditure
rather than being
invested over longer periods.
The charity will ensure that reserves
carried forward are also adequate to cover any short term expenses
faming due.
Details ofany funds materially
in deficit
Further Snancial review details (Optional information)
You may choose to include
additional
informaSon,
where
relevant about
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the charily's
prindpal
sources offunds (including
Most ofthe funds generated
by the Charity arise from cash spent by
parerds and supporters
ofthe school in attending
the various events held
during the school year. This is supplemented
by donalions
and
sponsorship
from local businesses
and parents (eg raffle prizes). The
trustees
aim to minimise the expenses
incurred
in running
events
in order
to maximise the funds raised to benefit the school.
any fundraising);
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how expenditure
has
Payments
that are to be made by the Friends tothe school are agreed by
supported
the key objecbves
the Friends
in their regular meetings, to which all parentsfteachers
are
ofthe charity; welcome to attend.
All parents cfchildren attending
the school are
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investment
policy and
members ofthe Friends.
objectives including
any
ethical investment
policy
adopted.
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