Gharlty tegi•tratlon number 1158596 FRIENDS OF BEDONWELL SCHOOLS ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGU8T 2024
FRIENDS OF BEDONWELL SCHOOLS LEGALAND ADMINISTRATIVE INFORMATION MS K TownseFKI Mrs S Keeble Mr5 G Smee Mrs K Hanson Charlty number 1158598
FRIENDS OF BEDONWELL SCHOOLS CONTENTS Page Trustees, report Independent examinefs report Statement of financial aCtivrts Balance sheet Notes to the financial statsments 6-10
FRIENDS OF BEDONWELL SCHOOLS TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2024 The tSteeS present their annual report and financial ststeThnts for the year ended 31 August 2024. The financtal statements have been prepared in accordance with the a)UntIng policies set out in note 1 to the nancial Statents and compty with the charitS goveming document, the Charities Act 2011 and"Accounts'ng and Reporting by Charities". Statement of Recommended Prath"ce applicable to charities preparing their accounts in accordance wilh the Financial Reporting Stsndard applicabte in the UK and Republic of Ireland (FRS 102)- (effective 1 January 2019). ObJectlv¢8 and a¢tMtI The charitable objectNe5 of Friend) of Bedonwell Schoots (FOB6) i? to rai¥e funding to provide actNth"es, equipment and services to enhance the education of the children in the school. The aim of the charity is to fijndraise b be able to meet the charitable objeLr¥es. The trustses have paid due regard to guidance issued by the Charty Commission in decmling what actmties the charity should undertake. Achlevements and perfomiance Financial revl tt is the policy of the charty that unrestricted fvnds which have not been designated for a specific use should be maintsined at a Iwrfel equivalent to bet¥veen three and srx mnth's expendrture. The trustees consHler that reserves at this level will ensure that in the event of a signifrant drop in funding. they will be able to continue the charty's current actNities while consideration is gNen to vmys in which additsonal funds may be raised. This level of r8seNes has been ffAintained throughout the year. Structure, governanc• and managemènt The cttanty is an unincorporated associatK>n and as su¢h the commiitee, W are trustee5 of the charty, are personalty liable forthe acts and defaults of the charty. The trustees who seNed during the year and up to the date of signature of the financial statements were: Ms K Townsend Mrs S Keeble Mrs G Smee Mrs K Hanson None of the trustees has any beneficial Interest in the tharity. All of the trustees are rr*mbers of the charty and guardntee lo contribuie £1 in the event of a winding up. The trustees, report was approved by the Board of Trustees. Ms K Townsend Tru•t•• 4 February 2025
FRIENDS OF BEDONWELL SCHOOLS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FRIENDS OF BEDONWELL SCHOOLS I report to the trustees on my examination of the finanal ststements of Friends of Bedonwell SC015 (the charity) for the year ended 31 August 2024. Re•pon¥sibilitle¥ and ba•l8 ol rert A5 the trustees of the charty you are responsible for the preparab'on of the financial stslements in accordance with the requirements of the Charities NLt 2011 (the 2011 Act). report in respect of my examination of the charty's financial statements caffied out under sedion 145 of the 2011 Act. In carrying out my examination I have ft)lled all the applicable Direclions gNen by the Chartty Commission under section 145(5)Ib) ofthe 2011 ACL Independent examlnerf8 8tatement Your attentson is drawn to the fact that the chanty has prepared financial statements in accordarce wtth Accountirsg and Reporting by CharrtÉe5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the AoUnting and Reporting by Chanties". Statement of Recommended Practs'ce issued on 1 April 2(K)5 is referred to in the extant fegulats.ons but ha5 now been wrthdrawn. understand that this has been done in order for financial statements to prowde a true and fair view in accordance wrth Generally kcepted AcwJnts"n9 Prathce effeLtive for ietM)rb'ng periods beginning on or after 1 January 2015. I have completed my examination. I confim that no matters have coTh to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by sectton 130 of the 2011 Act; or the financial statements do not accord those records. or the financial ststements do not comply wtth the applicable requirements eoneeming the form and content of accounts set out in the Charths (Accounts and Reports) Regulats'ons 2008 other than any requirement that the accounts give a true and fair vbew whKh is not a matter consKlered as part of an independent examination. I have no concems and have coTh across no other Thiters in conneLXion wtth the examinats'on to which attention shouhj be dravm in this report in orfer to enable a proper understsnding of the finanual ststements to be reached. •-LknL. Fo Mr P Herelle Dated.. 4 February 2025
FRIENDS OF BEDONWELL SCHOOLS STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024 Current flnan¢lal year Unr••trleted lund• 2024 Donations and legacies Charrf(8bl• activitiès 1.211 37,421 38 Total InGomo 38,670 Charitable activitses 22.688 other 18.278 Total expendltuve 40,966 Net expendlture for the yearl Net movem•nt In fund• (2.296) Fund balances at 1 September 2023 17.331 Fund balances at 31 August 2024 15,035 The ststement of financtal activitses indudes all gains and losses recognisèd in the year. The ststement ol finanryal aCtrrt$ indudes all gains and losses recognised in the year. All income and expendrtur¢ denve from conb"nuing acM"es. The notes on pages 6 to 10 fom part of these financial ststsrnents.
FRIENDS OF BEDONWELL SCHOOLS STATEMENT OF FINANCIAL ACTIVITIES (CONnNUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024 Prlor flnanclal year 2023 Donations and legacws Char5table activrties 378 27,418 rotsl Ir•Gome 27,794 Charrtable activibes 19.350 Other 15,502 Total expendlture 40,650 Net expenditur• for the yearf Net mov•ment In fund• (12.858) Fund balances at 1 September 2022 30,187 Fund balance• at 31 August 2023 17,331
FRIENDS OF BEDONWELL SCHOOLS BALANCE SHEET ASAT31 AUGUST 2024 2024 2023 Current assets Debtors Cash at bank and in hand io 4.028 11.007 17,331 15,035 17.331 N•t eurr•nt •8•8ts 15.035 17.331 The fund• of th• ¢harlty Unrestrirted fijnds 11 15,035 17,331 15,035 17,331 The financial staterTK*nts Nyere approved by the trustees on 4 February 2025 Ms K Tthvnsènd Tru•t••
FRIENDS OF BEDONWELL SCHOOLS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accountlng 1clOS Charty information Friends of Bedonwell Schools is a chanty acling as an unincorporated assocratson and as such the committee. who are trustees of the charty, are pef50nalty liabl8 foT the acts and defraulis of the charty. 1.1 A¢¢ounting conventlon The financial statements have been prepared in accordance wrth the chartys goveming document, the Charities Act 2011. FRS 102 'The Financial Reportsng Stsndard applicab in the UK and Ropublic of Ireland. fFRS 102.) and the Charities SORP "Accounting and Reporting by Charities.. Statement of Rewmmended Practice appliGeble to Gharrties preparing their aontS in accordance Yiiih the Financial Reporting Standard applicab in the UK and Republic of Ireland {FRS 102)" (effective 1 January 2019). The charty is a Public 8enefft Entity as defined by FRS 102. The charity has taken advantage of the provisions in tho SORP for charitiès not to prepar• a Statunent ot Cash FIov#5. The financial ststements have departed from the Chants'es (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair Vbew. This departure has involved following the Ststement of Re¢ommended PractKe for charrtS apptying FRS 102 rather than th• version of the Ststement of Recommended Pradi¢e véhich is referred to in the Rogulations but whleh has since bean withdr¥wn. The financial ststements are prepared in stsrfing, vthich is the functional currency of the charty. Monetsry amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the htstorical cost convention. The princip81 accounting policies adopted are set out beltrw. 1.2 Going concern At the of approwng the financtal ststements. the tnjstees have a reasonable expectstion that the chanty has adequate resources to contnue in operational existence for the foreseeable future. Thus the trtstees conb'nue to adopt tThe going concem basis of accounting in preparing the financial ststernents. 1.3 Charltabl• funds Unrestricted ndS are available for use at the discretion of the trustees in furtherance of their chantable objethes. Restrtcted fijnds are subject to spectfi¢ condrtK•ns by donors or grantors as to how they may be usod. The purposes and uses of the restricted funds are Set out in the notes to the financial statements. Endryknvment funds are subject to specffic conditions by donors that the capitsl rnust be maintsined by thg charity. 1.4 Income Income is recognised Nvhen the eharfty is logalty entitled to it after any perlomwnce conditions have been m8( the arrnunts ¢an be measured reliably. and it is probable Ihat income will be received. Cash donalions are recognised on receipt. Oiher donations are recognised onca the charity has been notifi8d of the donats'on unless performance cond'0n$ require deferral of the amount. Inrne tsx recoverablo in relatM)n to donations received under Gfft "d or deeds of covenant is reo)gnised at the time of tho donation. Legacies are recogntsed on receipt or othefV•ise rf the charty h8s been notffi8d of an impending dstribution, the amount bs known, and receipt is expected. If the amount is not known, the legacy is treated a5 conts"ngent asset
FRIENDS OF BEDONWELL SCHOOLS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 AcGountlng pollcles (Contlnued) 1A Expenditure Expandire is recognised onc• there is a legal or constructive obligation to transfer economic benefft to a third party, ff( is probable that a transfer of economK beneffts will be required in settlement, and the amourrt of the obligation can be measured reliably. Expendrture is classified by activty. The costs of each activtty are made up of the totsl of dir1 costs and shared costs, induding support costs inVoed in undertaking ea¢h activty. Direct costs attributable to a single are allocated directly to that activty. Shamd costs which contribute to morè than one activty and support costs lch are not attributable to a single actrrfity are apportioned betsveen those actpiits on a basis consistent wth the use of resources. 1.8 Ca•h and ca•h equivahnts Cash and cash equprfalents include cash in hand, deposits hekl at call wtth banks, other short-term liquid investments wtth orvJinal maturities of three months or less. and bank overdrats. Bank overdrafts are shown wrthin boThowings in current lblIrtIeS. 1.7 Flnancial in•truThnts The charty has elected to appty the provisions of Section 11 'Basi¢ Financlal Instrurnents, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the chartys balance sheet when the charity becomes paty to the contractual provisK)ns of the instrurrnnt. Financial assets and IK8bilities are offset. wilh thè net amount5 presented in the financial statements, when there is a begally enforceable right to set off the recognised amounts and there ts an intention to settle on a nèt basis or to reale the asset and settle thè liabilty simultaneously. Basic Ilnancl•l assets Basic financial assets, whith indude debtor5 and cash and bank balances, are initialty measured at transaction price including transaction wsts and are 5ubsequentty carried at amortised cost using the effective interest method unless the arrangement constrtutes a financing transaction, where the transacts'on is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable wrthin one year are not amortised. Ba8k fln•nd•l liablliti08 Basic financial llabilrt5. including creditors and bank loans are initialky reeognised at transaction price unless the arran9ement constitutes a finanthng transaction. where the debt instrument is measured at the present value of the fijture payments discounted at a rrArket rate of interest Financial liabilities classffied as payable wrthin one year are not arr>'Sed. Debt instruFrnnts are subs8quentty carried at amortised c( usin9 the effectNé interest rats method. Trade croditors are oblgations to pay for goods of seThices that have been acquired in the ordinary course of operatK)ns from sUpplr5. Amounts payable are das5ified as current liabilrties if payment is due within one year or less. If noL they are presented as non-current liabilrties. Trade creditors are recognised initially at tranSa&n pri¢¢ and subsequently measured at arno$èd cost using the effectjve intsrost method. ovecogniuon of flnanclal lrf•bllhi Financial liabilities are derecognised when the thar1$ contractual obligatK)ns expire or are discharged or canlled.
FRIENDS OF BEDONWELL SCHOOLS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Donation$ and legaciej Unrestricted Unrestrlcted funds fund8 2024 2023 t)onations and grfts 1,211 376 1,211 376 Charltable actsviti Charitable Charltable inGome Incorm 2024 2023 Fund-raising acbvrti8S 37,421 27,418 Unrestrfcted Unre•triGted nds funds 2024 2023 Inter8St receivable 38 Charltable acllvltle• Charitable Charitable exp•ndlture •xppnditur¢ 2024 2023 Fund-raising actsvitS 22,688 19.350 None of the trustees (or any persons conne¢Xed Imth them) received any remuneration or beneffts from the charty during the year.
FRIENDS OF BEDONWELL SCHOOLS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Employe•• 2024 Number 2023 Number Totsl The charty does not have any employees. AJI the trustees are voluntéers. Other Unr•8trlcted Unrestrlcted lund8 lunds 2024 2023 Admin expendrture other expenditure 716 17,562 1,065 14,437 The charty is exeryt from taxation on its athities because all its income is applied for chaTttable purposes. 10 Debtor• 2024 2023 Amounts falllng due wlthln one year: Prepayments and accrued income 4,028 11 Unre•trkted funds The unrestricted funds of the charity wmpri5¢ the unexpended balances of donations and grants which are not subject to spectfic conditions by donors and 9rantors as to how they may be used. These include designated funds which have been set aside out of unrestrKted funds by the trustees for specffio purposes. At1 InGomlng September Rsources 2023 Re8ourc•8 At 31 August exnded 2024 General funds 17,331 38.670 140,988) 15,035
FRIENDS OF BEDONWELL SCHOOLS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 11 unrest1k fund• {Contlnued) Previous y¢ar: A11 Incomlng R¢•ource• At 31 August September resourG expen¢Jed 2023 2022 Genèral funds 24,389 27,794 (34.8521 17.331 12 Rela1 party tran8actlon• There were no disclosable related party transadions during the year (2023- None). 10-