Frlonds of Valo School Trustees. report and unaudited accounts For the yoar anded 31 July 2023 Charlty reglstratlon no. 1149337
Friends of Vale School Legal and admlnlstratlve Information C McAJley M CoJk8 K Laws¢)n Charfty Dun*er 1149337 Prfnc1p athlrgs$ va Sch¢)ol 88 ValgAvenue Worthing Wesl S4Assex BN14 OD8 IndoPond8nt •xanln•r Ayres Brfght IAcknrs Urrltsd Blstrwtong 36 Crescent Rogd Worthlng W8sI Su88eX BN111RL
Friends of Vale School Contents ITrIendtt report Stat•rn (rf finandal a(I1th88 88laThx Sheet Not05 to the accoun18
Frlends of Vale School Trustees. report For the year endod 31 July 2023 The truste8s present their rewt and accounts f the year oTrJ9d 31 July 2023. The accounts hav8 bfj wepared In acrdan wlth the aLxountiThJ polldes set out In notè 1 to Ite aco)unts and comply th the charitys Cstulon, the Charitios Act 2011 and the StsteonI of ReCx)mM8nd Practlce, 'AccountirrfJ and ReFX)rtirKJ by Charilres issued in March 2005. Strncturnt gov?mance and rnanagement The charity was estaLllshed by a charitable tsusl d88d on 18 S8F4emLw 2012. 88 am8nd9d on 9 September 2019. Th9 Iruslee8 wved dudng the yearwere: N Edey E Griffith$ D Balkham K Jefford C Short S Goodridge T Willlary B Tumer N C¥mlIoS H GaSr J John80n C Davenpc A Bl8well H Belton A (krtjdman M Cooper C Mc4Jley M Cooke K Laws( {Resign8d 3 Odober 20221 (Resignad 1 February 2024 {Resign8d 1 Fgbruary 224) (Resigned 2 February 20241 IResigne(11 February 2024} (Resigned 2 Febnjary 2024) IAppolnted 3 Odober 2022 and reslgned 1 FebnJ8ry 20241 PPDlnl@d 3 Oclober 2022 and reslgned 1 February 20241 (Appc4nled 3 October 2022 and resigned 1 February 20241 (ApOnled 19 January 2023 and reswJned 1 February 20241 (Apwnled 19 January 2023 and resigned 1 February 20241 (Apw'nled 1 August 2022 aTrJ resigned 1 July 20241 (Appointed 1 August 2022 and rgsigned 1 July 20241 IAkV)inl8d 1 Fgbruary 2024 aw¥J iesigngd 31 Oecerthr 20251 IWin18d l February 2024 and resigned 2 July 20251 IoInted 1 February 2024 and resign 31 Decgntsr 20251 (Appointed 9 February 20241 {Appoinl8d 9 February 20241 {Appointsd 8 March 20241 ObJectlv•s and activities The tharty's objects arg to advan the edUCatiC of all the pu16 In the school ty. 1} 2) devewng effe(Xive relationships between the staff, parents and others assocaaled wlth schod., aThJ grvJaglNJ in activities or providlry faalllies or equIt whSch supkx)rt the 8ch)ol and al1va the educatyon ol the pupls. The twsloes regularly revlew the charftys acte9 and keep in mind the Chaiity Ccmmi351on's &Idce on publSc benefit, ensurlng that proSgCts and semces ddivar nwilnghjl Imkxovements for the schorA wnThunlty. The Iruslees thal they have had full regard lo the Charlty CLfftmis6k)n'8 p11¢ tOfit guldance wn exerdslng their Fh)wgrs and dudes. Achl•vements and porfomHnGe Cfver the past year. the ch8rfty has tun a varied an¢J SLttessful prDymTh of fundraSsing vie$. brlngSro together pu1$, parents and the wder sclTh)c4 eommunty. Highlights Indude Ihe suer and ChrBtmas falts, Iske sale 8nd selling fefreStrnts al the 1nlw-sthi Cross Cthnlry event and on various oLgsions durfng the year. ChyAng income was gerwated by the sale of watar bottlgs, T-shlrt and ryeloved uniftjrm sales. and the rwing ofdothes, CDS and DVD&
Friends of Vale School Trustees. report (continued) For the year ended 31 July 2023 As in previous years, the ch*lty algo continued to provide a mMItted levd of funding lo Ihg sGht>J swewj ac&5 the 8cademlc year which the schrx)l uses lo enhance currtculum dèllvery the sthcM)i lti)rary enhandng Lx)th the quallty oflgaming and the ricM8ss of Ihe der educational onvironn%nt. Thesè achievem1$ reflect the o)mmilnwnt of the Iruslee5, P8rents and CA)nJnunty lo ensure that w thikl at the benefits from OPFthuniti8s and re¥UrCeS that go beyorKI what statutory fun(1 along provide. Flnanclal rnvlow The tharfty ralsed funds from the vartous actM8S caTrfed out and generated a gross Intnme of £27,232. Tho charity spanl £2.tK)O of ils unroslrided funds on donations lo the sctr1 for and a further £615 In Iccmlng new puplls io thè 8chtsJl by way of hosting a toddy bearfs plcnla The unrestricted funds of the charlty at the year end avaitable frx use towards luture eCiS 8ThnIed lo £35,809. Th& $teeS conslder the charity to be in sound finandal [x)sIOn, suffluent resources to m891 Ils short-lemi commllments and lo respond promptly lo sullatr4e fundlng oppx)rtunltieg for thg benefit of the sthjol. The finawial posltlon18 revlèvtsd regulwty lo ensure fwbjs aro used efflclentty effectlvely kn line wlth the tharity's oblgctives. The trustees have also Teviewed the levd ol cash reseNes r8qulred ty the eharhy arKI In Ihelr oplnlors the bJlk of c2$h hgld should be applled to the development of the school as stn as an appropriate project aris85. As the charty r¢lies on Incomg from fundralslng actlvldes, a mlnirThJm reserve Is maSnlaln8d lo ensure that orrfJoing tThnitmenls lo the school can bg Thl. FUrtheMre, tnjslees wll only aulhorise exp8ndlbJre if gJJffldgnl are avallatlo. During th8 year. the charfty dld not hold funds in defial, dther durlry the finartSal pedod or at Ihe balance sl date. Thero are no uncertalnti88 about t charitys abillty to ClnO as a golng concern. On behalf of thg board of truslee8 KJofford Twslee q.,1<1.2
Frlends of Vale School Independent examlnerfs report to the Trustees of Frlends of Vale School I report on the aLwJnts ofth8 charfty for the year end 31 JLY 2023. we set oui pwJes 4 10 7. Respect1 rgsponslbllltlos of trustees and examlnor The tharivs tnJsle8s responsible for the preparati¢)n of the aCcnts. Thè charivs trustees CA)nsider that an audit is not required for this year under 5eclion 144121 of the aritieS Act 2011 Ilho 2011 Act) aThJ Ihal an depgndenl exanlnallon bs needed. It is my resrA)nsibility to..
exanine the accounts uThJer sectlon 145 ofthe 2011 ACL {li) lo followthe procedures lald down In the general DI[edry gwen by Charfty CornmlsslL under seth'on 14515llbl of tha 2011 Act., and {111} to state vthelher partlcular matters ha coTh to my attantton. 8asl¥ of Inthpendent èxamln•f8 f¢POrt ex8rnatiOn was carried out in accordance the generd tlrectlcfis giv9n by thg Charity Commission. An ey2MSnaU kndudes a revlew of the accountiro r8cords kapt by the charfty a comparf8cffl of the acwunts presented with those recoTds.11 also includes consldèralion of any unusual items or disdosures In ac¥x)unts. and seeking eXanatIOnS from you as tnJslee8 cn¢em1ng any such matters. The prrKxlure$ undertaken do not provbje al the evenCe that would be requlred In an audit aTrJ corwuenlty no opinlon Is given as lo whether e a(tounts pr8s8nl a 'lrue and fair viaw and the report Is Ilmw to th08e matters $81 out in slatem8nt Indgpondont •xamlnorf# 8tatsmont In onectIOn th my examlnalion, no matter has io my ottenllon.. lal whith gives me reasonabl8 cause to believe that in any malerid respect the requir8mnls.' lil to k8ep accounting recuds In acwrdance wilh sectl¢x 130 of Ihe 2011 Act., and 111} lo prepare acwnts which accord ac¢>JJni6ng records aTrJ comFAy th tha acc?ntIng requirements of Ihe 2011 Ad., have not t*8n m8t,' or Ibl lo which, in my opinn. att8nUon should be dravffl In order to enat48 a PfCFgr understandlng of thè accounts lo b& reached. Mdr Dalglish FCCA Ayres 8rfght Mckers Llmll8d 81shcpstone 36 ¢>gsconl Road Wthing Wesl SLtsS8X BN111 RL 1210512026
Frlends of Vale School Statement of flnanclal activities Including Income and expenditure account For the year ended 31 July 2023 2023 2022 es from Fundraising activities Ck)nallons raceived 21932 300 26,498 Totsl Incomlng rewur¢•¥ 27,232 26,498 Costs of gon&ratlng fundi G%1 of fundr8lsing atIeS 11227 8,210 Charltabl• a¢tlvllle8 8nts lo Val8 Schod knets wrcha8&J for charity use 1615 Totsl chrltsblg expgndlture 2,61S Governance costs 478 Totsl r•wurc•• •xp•nd•d 15.320 16,194 Not Sn¢ome for th& y•arf Not movom•nt In fund8 11,912 10,304 Fund balan al 1 August 2022 23,897 13,593 Fund b•lancu at 31 July 2023 35.809 23,897
Friends of Vale School Balance sheet As at 31 Juty 2023 2023 Currènt tssets Debtor8 Cash at ba{ Sn hand 100 37,398 ,897 37,496 23,897 Cred5torn: amounts falllng dug wSthln 11,68n Total usets l•s• cuff•nt Ilabllltl•• 23,897 IDcom• lur ur$trIed fijnds 35,809 23.897 23,897 Th8 aLwJnts were approved by the Tnjstses on ....... K Jeffc Tru•t¢o
Friends of Vale School Notes to the accounts For the year ended 31 July 2023 A¢countlng polldas 1.1 Basls rf preparatlon Th8 acc£Junts have been prepwed urnler the histuical cost o)nvenlion. The attounts have been prepared in accordance %Mth appll¢)1g aGcounllng stsndards, th8 Statement of RecoMm8ndj Pra, "Accwnlirg 8nd RewdrvJ ty Charitie$', issu8d in March 2LX)5 aTrd the Charfll& Act 2011. DonJtlons rec•lv•d 2023 Matth FJ]ng l Evénl Sp( 300 Total Donk)n¥ 300 Incom• and •xpendStuv• r•latlng tofundrnl•lng actlvltl••. Incluclng •pon•or•d •v•nt and match- fund•d don•tlo Matsh Fundlng I Ev•nt 8pon•or N•t Rac•lpts Inc Exp•ndltur• Cake S*s Christmas Cards Christmas Falr Cr05s cjnty Refreshrnnts I Cream Prelovod lthiform Sales Recycling Sh¢d Slod( Sprirg Disco Sun¥ner Falr 762 152 3,587 1.155 312 762 219 152 4960 1.518 312 762 219 56 3,058 13.873 12,5731 (3631 200 17801 18,2511 2.278 5.722 10Q 26.932 112,2271 300 15.005
Frlends of Vale School Notes to tho accounts (contlnued) For the year endod 31 July 2023 Grants to Vale School Schwl bLhJks drmatir KS1 Teddy Bee¥s' Pknlc 2,000 615 2.615 TruBtw• no of the tru5tg9s (or any ¢onneded ¥th them) recdved any r•muner8ticn or fttsfits from th charfty durirvJ the year. 6 EnWoyae• Therg N%we no emF4oyees durlng Ihe year. 2023 2022 Clher d*tors 100 Crodltorn: amount• lalllng dug vAthln t)n• y•ar 2023 2022 Tr8de Grodil Acuval$ 1,687