Charity number: 1155759
THE BISHOP’S STORTFORD HIGH SCHOOL MITRE FUND
Trustees’ Report and Unaudited Financial Statements
For The Year Ended 31 March 2022
Mansell & Co Chartered Certified Accountants 5 Ducketts Wharf South Street Bishops’ Stortford Hertfordshire CM23 3AR
THE BISHOP’S STORTFORD HIGH SCHOOL MITRE FUND
Contents
| Page | |
|---|---|
| Reference and Administration Information | 1 |
| Trustees’ Annual Report | 2-3 |
| Independent Examiners Report | 4 |
| Receipts and Payments Account | 5 |
| Statement of Assets and Liabilities | 6 |
| Notes to the Unaudited Financial Statements | 7-8 |
THE BISHOP’S STORTFORD HIGH SCHOOL MITRE FUND
Reference and Administration Information
Trustees
Philip Godfrey - Chair Jason Haigh Dale Reeve Debbie Hepworth Jonathan Griffiths
Charity registration number 1155759
Business address London Road Bishop’s Stortford Hertfordshire CM23 3LU
Bank
NatWest Bank Plc Bishop’s Stortford Branch 7 High Street Bishop’s Stortford Hertfordshire CM23 2LE
Independent examiner
Wilton Lyndon Ltd T/A Mansell & Co. Chartered Certified Accountants 5 Ducketts Wharf South Street Bishop’s Stortford Herts CM23 3AR
Page 1
THE BISHOP’S STORTFORD HIGH SCHOOL MITRE FUND
Trustees’ Annual Report for the Year Ended 31 March 2022
The Trustees present their annual report together with the financial statements of the charity for the year 1 April 2021 to 31 March 2022 and confirm they comply with the requirements of the Charities Act 2011, the trust deed and the Charities SORP.
The Trustees who served during the year were:
Philip Godfrey - Chair Jason Haigh Dale Reeve Debbie Hepworth Jonathan Griffiths
Principle activities and business review
The principal objective of the charity is to advance the education of the pupils at The Bishop’s Stortford High School by providing and assisting in the provision of facilities for education at the school. Activity continues to develop generating both funds and public awareness of the charity led by volunteer fundraising.
Fundraising activity has continued throughout the year and The Trust’s main aim continues to be to raise sufficient funds for the school. Main fundraising is by parent donations. The Trust is dependent on voluntary help.
Public benefit
The Trustees have developed their strategic plans to ensure that the charity plans provides public benefit and achieves its objectives as set out in the Foundation Constitution. The Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance ‘Public benefit: reporting (PB3)’.
Financial review
The Trustees regularly undertake a review of the financial activities to ensure the charity has sufficient reserves in order to operate in both the short and longer term.
Receipts for the period ended 31 March 2022 totalled £66,234.
Unrestricted balances totalling £79,395 as at 31 March 2022 are as follows:
The Bishop’s Stortford High School Mitre Fund £79,395
Restricted balances totalling £45,803 as at 31 March 2022 are as follows:
Fun Run Fund £1,000 Debating Fund £450 Shaw – Library boards and sporting fund £37,903 Dotmatics – New sensory room fund £1,000 Ring Fenced – New sports facility fund £5,450
Thanks are given to all those who have helped raise money through a lot of hard work, time and effort during the year in order to continue to support the school.
Method of appointment or election of Trustees
The trustees are appointed by a resolution of the existing trustees passed at a special meeting and the appointment lasts for two years. The trust deed sets out that the minimum number of trustees is two. No formal induction is carried out by the charity. All trustees of the charity have been provided with a copy of the trust deed.
Page 2
THE BISHOP’S STORTFORD HIGH SCHOOL MITRE FUND
Trustees’ Annual Report for the Year Ended 31 March 2022
Statement of Trustees’ responsibilities
The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards.
The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP;
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make judgements and accounting estimates that are reasonable and prudent;
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state whether applicable standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993, the charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the Board of Trustees on 27 January 2023 and signed on their behalf by:
Phillip Godfrey (Jan 27, 2023 14:50 GMT)
Philip Godfrey – Chair
Page 3
THE BISHOP’S STORTFORD HIGH SCHOOL MITRE FUND
Independent Examiner’s Report for the Year Ended 31 March 2022
Independent examiner’s report to the trustees of The Bishop’s Stortford High School Mitre Fund (‘the Trust’)
I report to the trustees on my examination of the accounts of the Trust for the year ended 31 March 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
An independent examination does not involve gathering all evidence that would be required in an audit and consequently does not cover all matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the accounts present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records.
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.
This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity’s trustees those matters that I am required to state to them in an Independent Examiner’s Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my work or for this report
Stephen Pinder
Stephen Pinder (Jan 27, 2023 15:33 GMT)
Stephen Pinder FCCA MAAT Mansell & Co Chartered Certified Accountants 5 Ducketts Wharf South Street Bishop's Stortford Hertfordshire CM23 3AR
Date: 27 January 2023
Page 4
THE BISHOP’S STORTFORD HIGH SCHOOL MITRE FUND
Receipts and Payments Account
for the Year Ended 31 March 2022
| Receipts from: Donations – Parents Gift Aid – HMRC Interest received Fun Run income Matched funding Shaw – Library boards and sporting Dotmatics – New sensory room Ring Fenced – New sports facility Total receipts Payments: Counselling services Jobbers wood decking Computer equipment Other expenditure House awards Debating costs Subscriptions Software Bank charges Accountancy fee Total payments Net receipts / (payments) Transfers between funds Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Notes | Unrestricted Restricted funds funds £ £ 17,321 - 3,553 - 7 - - 1,000 - - - 37,903 - 1,000 - 5,450 |
31.03.22 31.03.21 Total Total funds funds £ £ 17,321 17,090 3,553 3,851 7 24 1,000 40 - 295 37,903 - 1,000 - 5,450 - |
|---|---|---|---|
| 20,881 45,353 |
66,234 21,300 |
||
| - - - - - - - - - - - - - - - - - - - - |
- (8,383) - (4,990) - (1,809) - (1,161) - (571) - (450) - (240) - (200) - (23) - - |
||
| - - |
- (17,827) |
||
| 20,881 45,353 - - |
66,234 3,473 - - |
||
| 20,881 45,353 |
66,234 3,473 |
||
| 58,514 450 |
58,964 55,491 |
||
| 79,395 45,803 |
125,198 58,964 |
The above results were derived from continuing operations.
The charity has no recognised gains or losses for the year other than the results above.
Page 5
THE BISHOP’S STORTFORD HIGH SCHOOL MITRE FUND
Statement of Assets and Liabilities
as at Year Ended 31 March 2022
| Current assets Cash at bank and in hand Net current assets Net assets Charity funds Unrestricted funds Restricted funds Total funds |
Notes 3 |
2022 £ £ 125,198 125,198 125,198 79,395 45,803 125,198 |
2022 £ £ 125,198 125,198 125,198 79,395 45,803 125,198 |
2021 £ £ 58,964 58,964 58,964 58,514 450 58,964 |
2021 £ £ 58,964 58,964 58,964 58,514 450 58,964 |
|---|---|---|---|---|---|
| 125,198 | 58,964 | ||||
| 79,395 45,803 |
58,514 450 |
||||
| 125,198 | 58,964 |
Approved and authorised by the trustees on 27 January 2023 and signed on their behalf by:
Phillip Godfrey (Jan 27, 2023 14:50 GMT)
Philip Godfrey - Chair
Page 6
THE BISHOP’S STORTFORD HIGH SCHOOL MITRE FUND
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022
1. Accounting policies
Summary of significant accounting policies and key accounting estimates
The principle accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Basis of preparation
The financial statements have been prepared using the receipts and payments convention and have been prepared in a consistent way from year to year.
Revenue recognition
Turnover comprises the fair value of donations from individuals or companies, legacy gifts from individuals and interest on funds held on deposit.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities..
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value
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 purposes within the objectives of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Page 7
THE BISHOP’S STORTFORD HIGH SCHOOL MITRE FUND
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022
3. Movement in funds
| Net Transfers |
|
|---|---|
| Balance at movement between Balance at |
|
| 01.04.21 in funds funds 31.03.22 |
|
| £ £ £ £ |
|
| Unrestricted funds | |
| General fund | 58,514 20,881 - 79,395 |
| Restricted funds | |
| Fun run fund | - 1,000 - 1,000 |
| Debating fund | 450 - - 450 |
| Shaw – Library boards and sporting fund | - 37,903 - 37,903 |
| Dotmatics – New sensory room fund | - 1,000 - 1,000 |
| Ringfenced – New sports facilityfund | - 5,450 - 5,450 |
| 450 45,353 - 45,803 |
|
| Total funds | 58,964 66,234 - 125,198 |
Net movement in funds, included in the above are as follows:
| Net | |
|---|---|
| Incoming Resources movement |
|
| resources expended in funds |
|
| £ £ £ |
|
| Unrestricted funds | |
| General fund | 20,881 - 20,881 |
| Restricted funds | |
| Fun run fund | 1,000 - 1,000 |
| Debating fund | - - - |
| Shaw – Library boards and sporting fund | 37,903 - 37,903 |
| Dotmatics – New sensory room fund | 1,000 - 1,000 |
| Ringfenced – New sports facilityfund | 5,450 - 5,450 |
| 45,353 - 45,353 |
|
| Total funds | 66,234 - 66,234 |
5. Related party transactions
There were no related party transactions for the year ended 31 March 2022.
Page 8
The Bishop's Stortford High School Mitre Fund
Final Audit Report 2023-01-27
Created: 2023-01-27 By: Darren White (DARREN@MANSELLANDCO.ORG) Status: Signed Transaction ID: CBJCHBCAABAAG2QnnLPn-jQzwj8tyO6TQf4AfkyRcO5Q
"The Bishop's Stortford High School Mitre Fund" History
Document created by Darren White (DARREN@MANSELLANDCO.ORG)
2023-01-27 - 08:58:03 GMT
Document emailed to phillip.godfrey@tbshs.org for signature
2023-01-27 - 08:59:00 GMT
Email viewed by phillip.godfrey@tbshs.org
2023-01-27 - 14:48:21 GMT
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Signer phillip.godfrey@tbshs.org entered name at signing as Phillip Godfrey 2023-01-27 - 14:50:22 GMT
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Document e-signed by Phillip Godfrey (phillip.godfrey@tbshs.org)
Signature Date: 2023-01-27 - 14:50:24 GMT - Time Source: server
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Document emailed to stephen@mansellandco.org for signature 2023-01-27 - 14:50:26 GMT
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Email viewed by stephen@mansellandco.org
2023-01-27 - 15:33:15 GMT
- Signer stephen@mansellandco.org entered name at signing as Stephen Pinder 2023-01-27 - 15:33:51 GMT
Document e-signed by Stephen Pinder (stephen@mansellandco.org) Signature Date: 2023-01-27 - 15:33:53 GMT - Time Source: server
Agreement completed.
- 2023-01-27 - 15:33:53 GMT