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← Sierra Leone Grammar School Old Boys Association Foundation Trust (UK) Slgsoba

2025-01-31-accounts

Docusign Envelope ID: 87FD9961-BB6F-4599-BB8E-EC18925DDFC5

Sierra Leone Grammar School Old Boys’ Association Foundation Trust (UK) www.regentonians.org

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Report of the Trustees and Financial Statements for the Year Ended 31 January 2025

CONTENTS

Report of the Trustees

Report of the Trustees
Report of the Trustees 3 to 15
Independent Examiner’s Report 16-17
Statement of Financial Activities 18
Balance Sheet 19 – 20
Notes to the Financial Statements 21-27
Detailed Statement of Financial Activities 28-29

Powering Progress: 70kVA of Clean, Reliable Solar Energy for the School

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REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 JANUARY 2025

Sierra Leone Grammar School Old Boys’ Association Foundation Trust (UK)

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The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial

statements of the charity for the year ended 31 January 2025. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).

Governing document

The charity is controlled by its governing document, a Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Registered Company number 07806269 (England and Wales).

1146279

128, City Road, London, EC1V 2NX

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Bankers

Barclays Bank PLC, 260 Walworth Road, London, SE17 1JF

Independent Examiner

BBK Partnership, Chartered Accountants & Statutory Auditors, 1 Beauchamp Court, 10 Victors Way, Barnet, Hertfordshire EN5 5TZ.

The Charity does not have any other formal advisors, legal or otherwise. If necessary, advice would be sought

STRUCTURE AND ORGANISATION

The organisation is a charitable company limited by guarantee, incorporated on 11th October 2011 and registered as a charity on 07 March 2012. The company was established under a Memorandum of Association which identiЃed the objects and powers of the company and the company is governed under its Articles of Association. In the event of it being wound up the members are required to contribute an amount not exceeding £1. The charity is managed by the trustees who, under the charity’s articles, are known as members of the Management Committee. The Management Committee meet regularly to consider the progress of the charity and its future direction and activities.

The trustees have a wide range of business and other experience and are aware of the major risks to which the charity is exposed and have established systems to mitigate these risks.

Objectives and Activites

The aims of the charity are for the public bene�t, the advancement of education through the provision of scholarship grants, payment of fees; teaching aid, laboratory and recreation equipment for students in Sierra Leone, who otherwise could not afford such services and to provide �nancial relief in cases of need, hardship or distress to alumni or their dependants.

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ACHIEVEMENT AND PERFORMANCE

Reflecting on a Year of Progress and Innovation

The year ending 31 January 2025 marked a transformative chapter for SLGSOBAUK, as we deepened our

to the School’s infrastructure.

We embraced digital platforms like Zoom and Enthuse, transitioning from a London-centric model to a global community of supporters. Our monthly meetings—held on the second Sunday of each month—have become a vital space for collaboration, with members contributing through subscriptions and voluntary donations.

Our fundraising efforts took bold new steps, including

our first participation in the Paris Marathon, Letape dus Tour de France, and a 40-person team at RideLondon. We scaled up our STEM Holiday Club, equipping 246 pupils—52% of them girls—from 40 schools with essential digital skills. From this initiative, we supported a team of robotics enthusiasts to attend the VEX Robotics Global Competition in Dallas, Texas in May 2024.

Infrastructure improvements included donating paint for interior and exterior refurbishments, modernising restroom facilities with commercialgrade equipment, and providing instruments and gear to support the School’s band in preparation for its 180th anniversary.

for sustaining STEM education and digital access.

partners. Together, we’ve laid the groundwork for lasting impact, and we look forward to building on this momentum in the year ahead.

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Reflecting on Success at Ride London 2024: A New Milestone for Team Regentonians

This year marked a thrilling new chapter in our fundraising journey as we proudly participated in the Ride London 2024 cycling festival—one of the UK’s most celebrated sporting events. As a charity partner, we embraced the challenge and transformed it into a resounding success.

On Sunday, 26th May 2024, a team of 40 dedicated cyclists took on either the 100-mile or 60-mile route, demonstrating remarkable endurance, commitment, and community spirit. Each rider undertook rigorous training and led their own fundraising campaigns, rallying support from friends, family, and colleagues. Race day was a

charity gear, our cyclists navigated steep climbs, busy roads, and unpredictable weather, all while soaking in the stunning landscapes of London and pride, earning digital and physical medals and pride, earning digital and physical medals and Essex. Every participant crossed the finish crossed the finish the finish finish line with with heartfelt congratulations from our community.

Team Regentonians: Pedalling with Purpose at Ride London – 100 Miles Cycling for Change, Riding for STEM pee. eee soaking in the stunning landscapes of London and pride, earning digital and physical medals and pride, earning digital and physical medals and Essex. Every participant crossed the finish crossed the finish the finish finish line with with heartfelt congratulations from our community. The funds raised through Ride London 2024 will significantly strengthen our programmes and initiatives, helping us deliver greater impact where it matters most. This achievement is a testament to the collective effort and passion of our cyclists, donors, and volunteers.

Beyond Ride London, we also took part in the Vitality London 10K run, which followed a scenic route ending at Buckingham Palace. These events have helped us establish a new and sustainable revenue stream

and philanthropy.

Looking ahead, we’re excited to have secured charity places in several major marathons for the next financial year—including the London Marathon 2025, Paris Marathon 2025, Brighton Marathon 2025, and the London Big Half 2025. These opportunities will allow us to build on this year’s momentum and continue growing our vibrant community of athletic fundraisers.

Ride London 2024 was more than a fundraising event—it was a milestone in our journey, strengthening

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Reflecting on Success at Our Inaugural Paris Marathon 2024: A New Milestone for Team Regentonians

The Paris Marathon 2024 marked a bold new milestone for SLGSOBAUK as we stepped into the world of

race—it was a celebration of global unity, purpose, and the power of community.

We were proud to welcome a diverse team of runners from the UK, USA, and South Africa, including alumni, volunteers, and friends of the charity. Each participant embodied the spirit of Team Regentonians, proudly wearing our official kit and representing our cause with energy and heart.

Held against the stunning backdrop of Paris, the marathon was a test of endurance and commitment. Our runners trained diligently, raised funds generously, and carried our mission with them every step of the way. Their efforts not only helped raise vital funds for our educational programmes but also elevated our visibility on the international stage.

From pre-race meetups to post-race celebrations, we supported our runners throughout the journey— cheering them on, sharing their stories, and ensuring

they felt part of something bigger than the finish line. The success of this event has opened new doors for us. It demonstrated the potential of sports-based fundraising to engage our global network and generate meaningful support. We are excited to build on this momentum and expand our presence in future international races.

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Team Regentonians Paris
Marathon: Racing Through Paris for
STEM – Every Mile Fuels a Brighter Future.
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A heartfelt thank you to every runner, donor, and supporter who made this milestone possible. Your dedication and generosity continue to drive our mission forward—and we can’t wait to see where we run next.

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Uniting for a Cause – A Night to Remember: The Year-End Festive Social Evening

mission. This much-anticipated gathering has become a cornerstone of our community engagement, offering a joyful space to celebrate progress and inspire future action.

The 2024 edition was our most successful yet. With over 600 guests in attendance, the evening was filled with warmth, laughter, and purpose. Attendees enjoyed a dynamic programme featuring live music, delectable food and drinks, exciting raffles, and impactful video showcases of our work. Moving speeches

most profitable social event to date. These proceeds will directly support our educational programmes and infrastructure projects at Sierra Leone Grammar School.

The highlight of the evening was undoubtedly the rotating DJ sets, which kept the energy high and the

Our heartfelt gratitude goes out to all the guests, donors, sponsors, volunteers, and staff who made this event possible. The enthusiastic feedback and widespread social media coverage we received underscore the success and impact of the evening.

Looking ahead, we plan to organise more social evening parties, as they’ve proven to be not only a fun and memorable experience but also a highly effective way to raise awareness and support for our cause.

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,.aI,a
—; A. # y |
A Festival of Colour and Culture —
Celebrating Diversity Through Dance and Joy - May
24 Social Fundraiser
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This event stands as a testament to the power of community, celebration, and shared purpose—and we look forward to making next year’s gathering even more unforgettable.

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Strengthening Impact Through Donations and Grants

programmes, thanks to the generosity of our donors and the strength of our corporate

dramatically improved digital access and sustained the growth of our STEM education initiatives.

We continued our valued partnership with AWOGA UK, whose support helped cover essential costs associated with scaling the STEM Holiday Club. Their contribution played a pivotal role in expanding our reach and deepening the programme’s impact.

We also extend our heartfelt thanks to the Souter Foundation for their generous donation towards the STEM Holiday Club. Their support enabled us to enhance the quality and accessibility of the programme, empowering hundreds of students with digital skills and hands-on learning experiences. These donations and grants have not only strengthened

our mission. As we look ahead, we remain committed to nurturing these relationships and seeking new opportunities to grow our impact.

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STEM ICT Lab: 40 Seats, Endless Possibilities – Where Innovation Meets Education.
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CASE STUDY 1: Transforming Learning Spaces Through Infrastructure Improvements

Creating a Brighter, Healthier Environment for Pupils

In 2025, SLGSOBAUK proudly delivered two impactful infrastructure projects at Sierra Leone Grammar School, aimed at enhancing the physical environment where pupils learn and thrive.

Partnering with Crown Paints for a Brighter School

We engaged the manufacturer Crown Paints to supply high-quality interior and exterior paint, helping us transform classrooms and communal areas into vibrant, welcoming

learning environment for students and staff alike. The fresh coat of paint has uplifted the school’s atmosphere, reinforcing pride and positivity across the campus.

Modernising Restroom Facilities for Hygiene and Dignity

In addition to beautifying the school, we supported the complete refurbishment of one of the school’s restroom blocks. The facility, which now includes seven cubicles and quadruple the

and three quarter height tiling. These materials were chosen for their durability and ease of cleaning, ensuring a hygienic and low-maintenance solution for years to come.

Impact on Pupils and School Life (@) / Both projects have madea significant impact on the day-to-day experience of pupils. A

clean, well-maintained, and visually appealing environment fosters better concentration, improves morale, and promotes a sense of respect for shared spaces. These upgrades also align with our broader mission to support holistic education—where infrastructure plays a key role in student wellbeing and academic success.

We are grateful to our partners and donors who made these improvements possible. Their

strive for in every aspect of education.

More Than a Makeover — Thanks to Crown Paints, Our Classrooms, Communal Spaces, and Exterior Walls Now Radiate Colour, Pride, and Possibility.

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CASE STUDY 2: STEM Holiday Club – Empowering Future Innovators Scaling Impact Through Digital Education

In 2024, SLGSOBAUK proudly delivered the second edition of its transformative STEM Holiday Club, a fourweek ICT summer camp held at Sierra Leone Grammar School during July and August. Designed for students aged 12 to 18, the programme aimed to equip young Sierra Leoneans with future-ready skills in Science, Technology, Engineering, Arts and Mathematics.

the country. With an impressive 98% completion rate and a gender-balanced cohort—52% female participation—the programme ensured inclusive access to vital STEM education.

A Curriculum Built for the Future

The 2024 curriculum focused on high-demand digital skills including:

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Coding and Photography and Digital Literacy Entrepreneurship Audio Production
Robotics Graphic Design and Video & Podcasting
Production
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Students also engaged in sessions on entrepreneurship and creative technology, fostering critical thinking and a business mindset. The theme “Advancing Innovation” guided the programme’s emphasis on realworld applications, ethical technology use, and career pathways in STEM.

STEM Holiday Club 2024: 240 Pupils, 40 Schools, 52% Girls — Building Tomorrow Innovators Today.

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Global Recognition and Opportunity

enthusiasts who went on to represent Sierra Leone at the VEX Robotics Global Competition in Dallas, Texas in May 2024. This milestone not only showcased the talent nurtured through the programme but also placed Sierra Leone on the global STEM map.

A Truly Enriched Learning Environment

To ensure a holistic experience, students received:

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Nutritious daily Transport Access to guest Group A Final Presentation
lunches support sessions from challenges Day to celebrate
international and individual achievements and
STEM experts showcases share innovations
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Looking Ahead

With continued support from partners—including AWOGA UK and the Souter Foundation—the STEM Holiday Club is poised to grow even further. These partnerships have enabled us to scale operations, provide

As we prepare for the 2025 programme, we remain focused on deepening impact, expanding reach, and empowering young minds to shape the future.

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STEM in Motion: Regentonian Pupils Represent at the VEX Robotics Global
Competition – Dallas, Texas, April 2024.
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CASE STUDY 3: Empowering Young Musicians – Supporting the School Band for the 180th Anniversary Celebrating Heritage Through Music

In preparation for Sierra Leone Grammar School’s landmark 180th anniversary, SLGSOBAUK proudly partnered with the school to support one of its most cherished cultural assets—the school band. Recognising the power of music to unite, inspire, and celebrate heritage, we launched a targeted initiative to equip the band with the instruments and gear needed to perform at their best.

Strategic Support for a Historic Milestone

Our support included the provision of a range of musical instruments and accessories, carefully selected to meet the needs of the band’s diverse ensemble. From brass and

In addition to instruments, we supplied essential gear such as music stands, protective cases, and maintenance kits—helping to preserve the longevity of the equipment and enhance the overall professionalism of the band.

Impact on Students and School Culture

This initiative had a profound impact on the students involved. With access to quality instruments and gear, the band was able to rehearse more effectively and deliver a standout performance during the anniversary celebrations. The experience not only boosted morale and school spirit but also reinforced the importance of arts education in nurturing creativity and discipline.

Looking Ahead

one that values academic excellence alongside cultural enrichment. As we continue to support Sierra Leone Grammar School, we remain dedicated to initiatives that celebrate tradition, foster talent, and create lasting memories for generations to come.

New Donated Instruments, Same Passion – The School Band in Full Swing

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Financial Review

M E G Doherty

At the end of the 12 months to January 2025, the Charity had £46,711 (Year ending January 2024 £36,518) in bank accounts. Income for the 12 months to January 2025 was £143,728 (Year ending January 2024 £115,359) with expenditure of £133,535 (Year ending January 2024 £137,132) giving a surplus for the

after accounting for depreciation.

Reserves Policy

The current net assets currently represent over 7 months of the average expenditure of this and the previous year. The

Barnet

Hertfordshire

Leone Grammar School and consider this level reasonable.

operate effectively.

Responsibilities of the Trustees Charity law requires the trustees to prepare financial statements for each financial period, which

accounting policies and then apply them consistently; make judgments and estimates that are prudent and reasonable; state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained

unless it is inappropriate to presume that the charity will continue in existence.

The trustees are responsible for keeping proper accounting records which disclose with

for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small company provisions

This report has been prepared in accordance with the special provisions for small companies under Part VII of the Companies Act 2006.

Signed on behalf of the trustees

Victor Ronald Kwaku Johnson Chair of Trustees

Date 1st September 2025

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INDEPENDENT EXAMINER’S REPORT TO

THE TRUSTEES

Independent examiner’s report to the trustees of Sierra Leone Grammar School Old Boys’ Association Foundation Trust (UK) Slgsoba (‘the Company’)

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2025.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under Section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

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Independent examiner’s statement

in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns 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 accounts to be reached.

ALAN KAYE

The Institute of Chartered Accountants in England and Wales

BBK Partnership

Chartered Accountants

& Statutory Auditors

1 Beauchamp Court

10 Victors Way

Barnet

Hertfordshire

EN5 5TZ

1st September 2025 Date: ........................................................................

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STATEMENT OF FINANCIAL ACTIVITIES

for the Year Ended 31 January 2025

Unrestricted Unrestricted Unrestricted Restricted Restricted 31.1.25 31.1.24
Funds Funds Total Funds
Total Funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 99,117 44,319 143,436 111,686
Other trading activities 2 - - - 3103
Investment income 3 292 - 292 570
Total 99,409 44,319 143,728 115,359
EXPENDITURE ON
Raising funds 2,662 - 2662 1,682
Charitable activities
Donation to school 53,580 - 53,580 52,630
Fundraising expenses 24,459 - 24,459 22,530
Other 8,515 44,319 52,834 60,290
Total 89,216 44,319 133,535 137,132
NET INCOME/(EXPENDITURE) 10,193 - 10,193 (21,773 )
RECONCILIATION OF FUNDS
Total funds brought forward 36,518 - 36,518 58,291
TOTAL FUNDS CARRIED FORWARD 46,711 - 46,711 36,518

The notes form part of these financial statements

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BALANCE SHEET

31 January 2025

Unrestricted Unrestricted Unrestricted Restricted 31.1.25 31.1.24
FIXED ASSETS Notes Funds
£		 Funds
£		 Total Funds
£		 Total Funds
£
Tangible assets 7 - - - 163
CURRENT ASSETS
Stocks 8 2,025 - 2,025 667
Cash at bank 47,186 - 47,186 36,888
49,211 - 49,211 37,555
CREDITORS
Amounts falling due within one year 9 (2,500) - (2,500) (1,200)
NET CURRENT ASSETS 46,711 - 46,711 36,355
TOTAL ASSETS LESS CURRENT
LIABILITIES		 46,711 - 46,711 36,518
NET ASSETS 46,711 - 46,711 36,518
FUNDS
Unrestricted funds 11 46,711 36,518
TOTAL FUNDS 46,711 36,518

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its �nancial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

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BALANCE SHEET - CONTINUED 31 January 2025

companies subject to the small companies regime.

1st September 2025 ...................................................................and were signed on its behalf by:

Victor Johnson Victor Johnson ...................................................

Trustee Chair. SLGS OBA FT (UK)

The notes form part of these financial statements

20 Sierra Leone Grammar School Old Boys’ Association Foundation Trust (UK) i

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NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 January 2025

ACCOUNTING POLICIES

Basis of preparing the �nancial statements

The �nancial statements of the charitable company, which is a public bene�t entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘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 (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The �nancial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic bene�ts will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classi�ed under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible �xed assets and depreciation

Tangible �xed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of the �xed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures and �ttings: 25% reducing balance method

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NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 January 2025

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when speci�ed by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the �nancial statements.

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NOTES TO THE FINANCIAL STATEMENTS - CONTINUED for the Year Ended 31 January 2025
OTHER TRADING ACTIVITIES 31.1.25 31.1.24
All Regentonians Evening £ £
- 3,103
INVESTMENT INCOME 31.1.25 31.1.24
Interest receivable - trading £ £
292 570
ET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting): 31.1.25 31.1.24
Depreciation - owned assets £ £
’ 163 422

2. OTHER TRADING ACTIVITIES

3. INVESTMENT INCOME

4.NET INCOME/(EXPENDITURE)

5. TRUSTEES’ REMUNERATION AND BENEFITS

There were no trustees’ remuneration or other bene�ts for the year ended 31 January 2025 nor for the year ended 31 January 2024.

Trustees’ expenses

There were no trustees’ expenses paid for the year ended 31 January 2025 nor for the year ended 31 January 2024.

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted Unrestricted Unrestricted Restricted Restricted Total
Funds Funds Funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 69,122 42,564 111,686
Other trading activities 3,103 - 3,103
Investment income 570 - 570
Total 72,795 42,564 115,359
EXPENDITURE ON
Raising funds 1,682 - 1,682
Charitable activities
Donation to school 42,630 10,000 52,630
Fundraising expenses 22,530 - 22,530

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NOTES TO THE FINANCIAL STATEMENTS - CONTINUED for the Year Ended 31 January 2025

6.COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - CONTINUED
Other 1,455 58,835 60,290
Total 68,297 68,835 137,132
NET INCOME/(EXPENDITURE) 4,498 (26,271) (21,773)
RECONCILIATION OF FUNDS
Total funds brought forward 32,020 26,271 58,291
TOTAL FUNDS CARRIED FORWARD 36,518 - 36,518
TANGIBLE FIXED ASSETS Fixtures
and
�ttings
£
COST
At 1 February 2024 and 31 January 2025 6,096
DEPRECIATION
At 1 February 2024 5,933
Charge for year 163
At 31 January 2025 6,096
NET BOOK VALUE
At 31 January 2025 -
At 31 January 2024 163

7. TANGIBLE FIXED ASSETS

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NOTES TO THE FINANCIAL STATEMENTS - CONTINUED for the Year Ended 31 January 2025

TOCKS 31.1.25 31.1.24
inished goods £
2,025		 £
667
REDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.1.25 31.1.24
ank loans and overdrafts (see note 10) £
50		 £
-
ccrued expenses 2,450 1,200
2,500 1,200
LOANS
An analysis of the maturity of loans is given below: 31.1.25 31.1.24
Amounts falling due within one year on demand: £ £
Bank overdrafts 50 -
MOVEMENT IN FUNDS At 1/2/24 Net
movement
in funds		 31/1/25
Unrestricted funds £ £ £
Unrestricted 36,518 10,193 46,711
Total 36,518 10,193 46,711

8. STOCKS

Finished goods

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Bank loans and overdrafts (see note 10)

Accrued expenses

10. LOANS

Amounts falling due within one year on demand: Bank overdrafts 11. MOVEMENT IN FUNDS

Net movement in funds, included in the above are as follows:

Net movement in funds included in the above are as follows:
,
Incoming
Resources
Movement
resources
expended		 in funds
Unrestricted funds £ £ £
Unrestricted 99,409 (89,216) 10,193
Restricted funds
Designated funds 44,319 44,319 -
TOTAL FUNDS 143,728 (133,535) 10,193

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Docusign Envelope ID: 87FD9961-BB6F-4599-BB8E-EC18925DDFC5

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED for the Year Ended 31 January 2025

11. MOVEMENT IN FUNDS - CONTINUED

Comparatives for movement in funds

Comparatives for movement in funds
Net
movement
At 1/2/23 in funds 31/1/24
Unrestricted funds £ £ £
Unrestricted 32,020 4,498 36,518
Restricted funds
Designated funds 10,000 (10,000) -
Designated funds 16,271 (16,271) -
26,271 (26,271) -
TOTAL FUNDS 58,291 (21,773) 36,518

Comparative net movement in funds, included in the above are as follows:

Net
movement
At 1/2/23 in funds 31/1/24
Unrestricted funds £ £ £
Unrestricted 72,795 (68,297) 4,498
Restricted funds
Designated funds - (10,000) (10,000)
Designated funds 42,564 (58,835) (16,271)
42,564 (68,835) (26,271)
TOTAL FUNDS 115,359 (137,132) (21,773)

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Docusign Envelope ID: 87FD9961-BB6F-4599-BB8E-EC18925DDFC5

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED for the Year Ended 31 January 2025

11. MOVEMENT IN FUNDS - CONTINUED

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement
At 1/2/23 in funds 31/1/25
Unrestricted funds £ £ £
Unrestricted 32,020 14,691 46,711
Restricted funds
Designated funds 10,000 (10,000) -
Designated funds 16,271 (16,271) -
26,271 (26,271) -
TOTAL FUNDS 58,291 (11,580) 46,711

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

A current year 12 months and prior year 12 months combined net
above are as follows:		 movement in funds, included in the movement in funds, included in the movement in funds, included in the movement in funds, included in the movement in funds, included in the
Incoming
Movement
Resources
resources

expended		 in funds
Unrestricted funds £ £ £
Unrestricted 172,204 (157,513) 14,691
Restricted funds
Designated funds - (10,000) (10,000)
Designated funds 86,883 (103,154) (16,271)
86,883 (113,154) (26,271)
TOTAL FUNDS 259,087 (270,667) (11,580)

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 January 2025.

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Docusign Envelope ID: 87FD9961-BB6F-4599-BB8E-EC18925DDFC5

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 January 2025

31.1.25 31.1.24
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Thanksgiving - 3,121
Subscriptions and Donations 5,682 5,182
Sale of Merchandise 5,375 3,625
Social Events 55,887 55,771
Donations 43,261 18,378
Running and Cycling events 33,231 25,609
143,436 111,686
Other trading activities - 3,103
All Regentonians Evening
Investment income
Interest receivable - trading 292 570
Total incoming resources 143,728 115,359
EXPENDITURE
Other trading activities
Opening stock 667 2,349
Cost of goods Sold 4,020 -
Closing stock (2,025) (667)
2,662 1,682
Charitable activities
Postage and stationery - 128
Advertising 1,527 215
1,527 343
Other
Social Events 45,549 58,835
Overheads 7,285 255
52,834 59,090

This page does not form part of the statutory financial statements

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Docusign Envelope ID: 87FD9961-BB6F-4599-BB8E-EC18925DDFC5

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

for the Year Ended 31 January 2025

31.1.25 31.1.24
£ £
SUPPORT COSTS MANAGEMENT
Insurance 1,547 1,074
Welfare Support - 1,057
Thanksgiving - 4,071
Donation made to school 57,268 52,630
Running and cycling events 15,907 12,279
All Regentonians Evening - 3,116
Accountancy 1,482 1,200
76,204 75,427
FINANCE
Bank charges 145 168
Fixtures and �ttings 163 422
308 590
Total resources expended 133,535 137,132
NET INCOME/(EXPENDITURE) 10,193 (21,773)

This page does not form part of the statutory financial statements

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~~Po~~ Docusign Envelope ID: 87FD9961-BB6F-4599-BB8E-EC18925DDFC5

IT’S TIME TO MAKE HISTORY BECOME A LEGACY BUILDER

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Empowering tomorrow's GRADUATES TODAY

The Sierra Leone Grammar School Old Boys’ Association Foundation Trust

A Charity registered in England and Wales (1146279)

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