DocuSign Envelope ID: E87E03C5-4E92-46AD-8816-24459161C05D **REGISTERED CHARITY NUMBER: 1171198** **REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 FOR SELSTED SCHOOL TRUST** DocuSign Envelope ID: E87E03C5-4E92-46AD-8816-24459161C05D **SELSTED SCHOOL TRUST** ## **CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2023** ||Page| |---|---| |Report of the Trustees|1 to 2| |Independent Examiner's Report|3| |Statement of Financial Activities|4| |BalanceSheet|5| |Notes to the Financial Statements|6 to 8| |Detailed Statement of Financial Activities|9| DocuSign Envelope ID: E87E03C5-4E92-46AD-8816-24459161C05D **SELSTED SCHOOL TRUST** ## **REPORT OF THE TRUSTEES for the Year Ended 31 March 2023** The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. 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). Selsted School Trust was formed as a Charitable Incorporated Organisation (CIO) on 1 December 2016, and started operating on the same day. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1171198 ## **Principal address** Selsted CE Primary School Stockham Lane Dover Kent CT15 7HH ## **Trustees** Ms A Woodgate Mr K Bailey Ms J Ibbetson-Revell ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity. The Trust is closely linked to Selsted Primary School and our objectives link directly to the improvements the school is making with grounds and outdoor provisions for the children. The Trust works closely with The Friends of Selsted School (FOSS) to support the continued raising of funds to support the field and ongoing projects. ## **Recruitment and appointment of new trustees** Trustees are elected by other trustees. ## **Risk management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** To raise funds for the purchase and development of the Austin Field. Support children’s outdoor learning through ensuring the Austin Field is well resourced. Appropriate planning permission sought and raised funds for the project. The Trust has been developed by volunteers and runs solely with their contributions. Although the field is aligned to the school The Trustees are keen that as the field develops it becomes an area that can be used for the local community for reflection and sports activities. The continued maintenance and development of the field space to ensure the children have adequate space and resources for the school day. ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** Sought planning permission for fencing, landscaped the main field area, begun work on a WW1 memorial garden and raised funds to support the Trust work. Page 1 DocuSign Envelope ID: E87E03C5-4E92-46AD-8816-24459161C05D **SELSTED SCHOOL TRUST** ## **REPORT OF THE TRUSTEES for the Year Ended 31 March 2023** ## **FINANCIAL REVIEW** ## **Reserves policy** The Trust's policy is to ensure £500 remains in reserve to ensure there are funds for minor investment in resources for the field. ## **Principal funding sources** The field has a WW1 memorial garden, which is used as a reflection area. The Trust is working with FOSS to develop a more substantive adventure play area for the children. The work is planned to start in January 2024. Approved by order of the board of trustees on 25 January 2024 and signed on its behalf by: Ms A Woodgate - Trustee Page 2 DocuSign Envelope ID: E87E03C5-4E92-46AD-8816-24459161C05D ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF** ## **SELSTED SCHOOL TRUST** I report to the charity trustees on my examination of the accounts for the year ended 31 March 2023, which are set out on pages four to eight. ## **Responsibilities and basis of report** As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the 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. My role is to state whether any material matters have come to my attention giving me cause to believe: 1. that accounting records were not kept as required by section 130 of the Act; or 2. that the accounts do not accord with those records; or 3. that the accounts do not comply with the accounting requirements of the Act; or 4. that there is further information needed for a proper understanding of the accounts. ## **Independent examiner's statement** I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention. Emma Noakes ACA 412 Canterbury Road Densole Kent CT18 7BH 25 January 2024 Page 3 DocuSign Envelope ID: E87E03C5-4E92-46AD-8816-24459161C05D ## **SELSTED SCHOOL TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **for the Year Ended 31 March 2023** |||31.3.23|31.3.23|31.3.22| |---|---|---|---|---| |||Unrestricted||Total| |||fund||funds| ||Notes|£||£| |**INCOMING RESOURCES**||||| |**Incoming resources from generated**||||| |**funds**||||| |Voluntaryincome|||-|-| |Activities for generating funds|2||40|123| |**Total incoming resources**|||40|123| |**RESOURCES EXPENDED**||||| |**Costs of generating funds**||||| |Costs of generating voluntary income|||-|-| |Fundraising trading: cost of goods sold and||||| |other costs|||-|-| |**Governance costs**|||-|-| |**Total resources expended**|||-|-| |**NET INCOMING RESOURCES**|||40|123| |**RECONCILIATION OF FUNDS**||||| |**Total funds brought forward**||24,320||24,197| |**TOTAL FUNDS CARRIED FORWARD**||24,360||24,320| The notes form part of these financial statements Page 4 DocuSign Envelope ID: E87E03C5-4E92-46AD-8816-24459161C05D ## **SELSTED SCHOOL TRUST** ## **BALANCE SHEET At 31 March 2023** |**FIXED ASSETS**
Notes
Tangibleassets
4
**CURRENT ASSETS**
Cash at bank
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
Unrestrictedfunds
5
**TOTAL FUNDS**|31.3.23
Total
funds
£
22,299
2,061
2,061
24,360
24,360
24,360
24,360|31.3.22
Total
funds
£
22,299
2,021| |---|---|---| |||2,021| |||24,320| |||24,320| |||| |||24,320| |||24,320| The financial statements were approved by the Board of Trustees on 25 January 2024 and were signed on its behalf by: Ms A Woodgate -Trustee The notes form part of these financial statements Page 5 DocuSign Envelope ID: E87E03C5-4E92-46AD-8816-24459161C05D **SELSTED SCHOOL TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2023** ## **1. ACCOUNTING POLICIES** ## **Accounting convention** The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities. ## **Incoming resources** All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. ## **Resources expended** Expenditure is accounted for on an accruals basis and has been classified 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 fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold property - Not applicable Improvements to property - Not applicable ## **Taxation** The charity is exempt from 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 specified 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 financial statements. ## **2. ACTIVITIES FOR GENERATING FUNDS** ||31.3.23|31.3.22| |---|---|---| ||£|£| |Fundraisingevents|40|123| ## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022. Page 6 DocuSign Envelope ID: E87E03C5-4E92-46AD-8816-24459161C05D **SELSTED SCHOOL TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED for the Year Ended 31 March 2023** |**4.**|**TANGIBLE FIXED ASSETS**||||||| |---|---|---|---|---|---|---|---| |||Freehold|Improvements|Fixturesand|||| |||property|
to property|fittings|||Totals| |||£|£|£|||£| ||**COST**||||||| ||At 1 April 2022|11,400|10,899|||-|22,299| ||Additions|-|
-|||-|-| ||At 31 March 2023|11,400|
10,899|||-|22,299| ||**DEPRECIATION**||||||| ||Charge for year|-|
-||-||-| ||**NET BOOK VALUE**||||||| ||At 31 March 2022|11,400|
10,899|||-|22,299| ||At 31 March 2023|11,400|10,899|||-|22,299| |**5.**|**MOVEMENT IN FUNDS**||||||| ||||||Net||| |||||movement||in|| ||||At 1.4.22|funds|||At 31.3.23| ||||£|£|||£| ||**Unrestricted funds**||||||| ||Generalfund||24,320|40|||24,360| ||**TOTAL FUNDS**||24,320|40|||24,360| ||Net movement in funds, included in the|above are as follows:|||||| ||||Incoming|Resources|||Movement in| ||||resources|expended|||funds| ||||£|£|||£| ||**Unrestricted funds**||||||| ||Generalfund||40|||(-)|
40| ||**TOTAL FUNDS**||40|||(-)|
40| ||**Comparatives for**||||Net||| ||**movement in funds**|||movement||in|| ||||At 1.4.21|funds|||At 31.3.22| ||||£|£|||£| ||**Unrestricted funds**||||||| ||Generalfund||24,197|123|||24,320| ||**TOTAL FUNDS**||24,197|123|||24,320| Page 7 DocuSign Envelope ID: E87E03C5-4E92-46AD-8816-24459161C05D **SELSTED SCHOOL TRUST** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2023** ## **5. MOVEMENT IN FUNDS – continued** Comparative net movement in funds, included in the above are as follows: ||Incoming|Resources|Movementin| |---|---|---|---| ||resources|expended|Funds| ||£|£|£| |**Unrestricted funds**|||| |Generalfund|123|(-)|
123| |**TOTAL FUNDS**|123|(-)|
123| Page 8 DocuSign Envelope ID: E87E03C5-4E92-46AD-8816-24459161C05D **SELSTED SCHOOL TRUST** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2023** |**INCOMING RESOURCES**
**Voluntary income**
Donations
**Activities for generating funds**
Fundraisingevents
**Total incoming resources**
**RESOURCES EXPENDED**
**Costs of generating voluntary income**
Insurance
**Fundraising trading: cost of goods sold and other costs**
Purchases
Improvements to property
Fixtures and fittings
**Governance costs**
Legalfees
**Total resources expended**
**Net income**|31.3.23
£
-
40
40
-
-
-
-
-
-
-
40|31.3.22
£
-
123
123
-
-
-
-
-
-
-
123| |---|---|---| Page 9