THE FRIENDS OF WEWNGTON SCHOOL SOMERS, CIO REPORT AND FINANaAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST2025 IUNAUDITEDI
THE FRIENDS OF WELUNGTON SCHOO SOMERS ao TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The Trustees submit their repDrt along with the financial stètements for the year ended 31 August 2025. The financial statements have been prepared in accordan with the accounting policies set out on pa8es 7 to 8 and comply with the charitys rules and applicable law. Charltable Sta The Friends of Wellington School is a Registered Charity in England and Wales. No. 1172572. Executlve Committee Mrs C Cheshlre Mrs H D'souza Mrs M Dalvl Mrs A Florey Mrs L Griffin Mrs E Heaton-Jones Mlss Y Nawoor Mr M Spooner Mr D Stapleton MrA Watson IResi8ned 4 July 20251 {Appointed 16 May 2025) Welllngton School. Welllngton. Somerset, TA218NT Lloyds Bank plc, 31 Fore Street, Taunton, Somerset, TAI IHN Porter Dodson, 15 High Street, Wellington, Somerset, TA218QY
THE FRIENDS OF WELLINGTON SCHOO soMEFr cio TRusfEES REPORT FOR THE YEAR ENDED 31AuGu 2025 Governin Instrument The Frlends of Welllngton School The Friends, was an unintorporated association governed by Rules adopted on February 1996 and revised on 2n¢ November 2006. with thls revision adopted on 16th March 2fX)7. With the agreement of all the applicants. this association became a Charitable Incorporated Organisation ICIOI on 21st March 2017. The Friends of Wellln8ton School Is an Incorpordted assoclatlon. ointment of Trustees The committee should Conslst of no less than six, nor rn0 than twenty charity twstees. Apart from the first charity trustees, every appolnted trustee must be appointed for a tem of three years. In selecting individuals for appointment, the charity con5ider5 the 5ki115, knowledge and experience needed for the effective administration of the CIO. The following bodies are entitled to appoint one charity trustee: The Governors of Wellington School 1837 IA charitable company limited by 8uarantee, re8lstered wlth Companles House under number 09316033 and re8lstered with the Charity Commission for England and Wales under number 11614471; The Trustees of The Welllngton School Foundatlon la charitable company limited by guarantee and registered with Companle5 House under number 05176879 and reglstered wlth the Charlty Commission for England and Wales under number 11052561; and The commlttee of the Old Wellingtonlang AssocSatlon lan unincorporated associatlon governed by a constltutlon dated 7th November 2016 as amended from time to timel. The oblectlves of the CharSty are to provlde flnancial assistance for the benefit of the students of Wellington School, Somerset, for such generdl educational purposesand the advancement of learnin8 at the said School as the Executive Committee shall approve. by: The purchase of freehold or leasehold land. bl The erectSon. recortstrurtion. alteration or Improvement of any new or existing building or the laying out or improvement of any land and the carrying out of any necessary work5 ancillary works. The purchase of equipment and other items deemed necessary for the school. d) The purchase of seryices, and assistance with induction events for new parents and students. Such other attivities as may be deemed necessary. from time to time to promote objects of the cio.
THE FRIENDS OF WEWNGTON SCHOOL SOMERSET ao TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGU5f 2025 Review of the Year The Friend5 raise funds to enhance and improve the facilities for pupils in order to suppon pastoral, education and recreational pursuits. The Friends also organise functions to allow parents and other SUPPOrters of the school to meet in an infomial setting to help devÈlop the sd)ool Community. The Frlends has run many successful fundraisingevents during the year. These events include two qui2 nlghts, parent socials, a puzzle nlght, Sprln80, IQ Christmas cards and a Chrlstmas Falr. The Friends has also sUPPOrted many school events, either by providing volunteers or running refreshments andlor bars. These events include the Commemoration Ball. the Prom5. a Rock Revue. both senior and prep sport5 days. Ijvo Sports dinners, Aquathon and a Male Voice Choir evenin8. In addition, The Friends has donated to the xhool a contribution towards caving suyts1£9911, and saxophones {£1,2111. The Trustees have referred to the 8uldance contalned In the Charlty Commlsslon's general guldance on public benefit when reviewin8 our aim5 and objective5 and in plannlng our future activities. The Frlends of Wellington School continues to provide financial a55i5tance to Wellington School which continues to be part of a wider communtty in which the school shares its resources for educational. sporting and culturdl adivities. Fln nclal Revle Income for the year has increased from £19,730 to £22,223. Expenditu decreased from £18,418 to £11,478. The overall surplus forthe year was £10.745 compared to a surplus of £952 forthe prevlous Year. In ent Powers The Trustees, Investment poVrS are govemed by the rules. All contributlons and payments recelved for the benefit of the charty shall be paid forthwith into an account in the name of the charity at Lloyds Bank plc, Taunton or 5u¢h other attount as the charity shall from time to time decide. es Note 4 to the financtal statements shows the assets and Ilablllties attrlbutable to the various fund5. The charitvs policy is to retain 5ufflclent funds to cover management and administration and to respond to grant applications, which arise from time to time. Total funds as at 31 August 2025 amount to £42,532 of which £3,402 was stricted and £39,130 unrestricted. Future Plans The Trustees continueto workto raisefunds forthe benefit of theschool through the running of social events. Volunteers Volunteers helped wlth the runnlng of social events and the Trustees would Ilke to take th55 opportunlty to say how much we appreciate their continuing and valuable 5UPPOrt for our work. Risk mana ement The major ri5ksto which the charity is expo*d, as identified by the Trustees, have been reviewed and systems have been established to mitigate those risks.
THE FRIENDS OF WELLINGTON SCHOO SOMERSEr ao TRUSfEES REPORT FOR THE YEAR ENDED 31 AUGU 2025 f Trusteeg Res onsibilities The Trustee5 are responsible for preparing the Trusteeg Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practicel. The law applicable to charities in England and Wales requires the Trustees to prepare Financial Statements for each financlal year which glve a true and fair view of the state of affairs of the Charlty and of its incomln8 resour and appllcatlon of resource5 of the charity for that period. In preparing those Financial Statements the Trustees are required to." Select suitable accounting policiès and then apply them consistentty- Observe the methods and principles in the Charities SORP: Make judgements and estimates that are reasonable and prudent; State whether appllcable accountln8 Standards have been followed, subiert to any materlal departures dlsclosed and explalned In the Flnanclal Statements. Prepare the Financial Ststements on the going concem basls unless It 55 Inappropriate to presume that the Charity will continue in busine55. The Trustees are responslble for keeplng sufficlent accounting records that disclose with reasonable accuracy at any tlme the flnanclal posltlon of the Charlty, and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Account5 and Reports) Regulations 21Y)8 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 preventlon and detectlon of fraud and other Irre8ularStles. E Heaton-jon Co-chair For and on behalf of the Committee Oate: 516ic2(o.
ThE FRIENDS OF WELUNGTON SCHOOL SOMERSET CIO STATEMENT OF FINANCIALAcllviTIES FOR THE YEAR ENDED 31 AUGUST 2025 Unrestrlcted Funds Re5trfcted Funds 2025 2024 INCOME Donatlons & Le8ades Donations 521 521 OtherTradln8 Actlvltles Social Events & fundraislng 21.702 21.702 18,686 TOTAL INCOME 22,223 22323 19,370 EXPENDITURE Raising Fund5 Social Event Costs 7,932 7,932 7,799 Charltable Attlvltles Administration Cavlng sults Saxophones Rental of screen for xhool soclal events Acoustic clouds for Café 37 Set up cost for Wellington School radio Stock adju5tmenVcon5umables 770 991 770 991 1,211 960 1,211 900 6597 1635 527 574 574 TOTAL EXPENDITURE 10.267 1.211 Ilh78 18,418 NET INCOME/{EXPENDITURE) AND MOVEMENT IN FUNDS 11,956 (1,211 10.745 952 RECONCIUATION OF FUNDS Toial funds brought forward 27,174 4,613 31.787 30,835 Total funds carried fonvard 39,130 41532 31,787 The notes on pages 7- 12 fom part of the financlal statements
ThE FRIENDS OF WELLINGTON SCHOO SOMERSEr cio BALAN SHEET AS AT 31 AUGU 2025 Note 2025 2024 CURRENT ASSErs Stock 2,307 2,214 Other Debtors 23,096 Cash at bank and In Hand 16.972 20,146 Prepald Expendlture 157 42,532 27 31.787 CURRENT UABIUTIES Other CdItorS and Accruals NEf ASSEYS 42,532 31,787 THE FUND5 OF THE CHARTfY REPRESEMfED BY.. REsfRicfED FUNDS: Friend5 of Wellington Prep School Anon donation 178 3,224 178 4,435 3,402 4,613 uRRIcfED FUNDS: General Funds 39,130 27,174 TOTAL FUNDS: 4232 31.787 E Heaton- Co-chair For and on behalf of the Commlttee Dats: The notes on page5 7- 12 form part of the financial ststements
THE FRIENDS OFWELLINGTON SCHOO SOMERSEr ao NOTES TO THE FINANaAL ATEmENTs FOR THE YEAR ENDED 31 AUGUST 2025 l. Accountln Pollcle5 Charit status The Friends of Wellin8ton Sthool was an unincorpordted association governed by Rule5 adopted on February 1996 and revised on 2 November 2(¥J6, with this rev15ion adopted on 16 March 2Q)7. With the agreement of all the applicants, this association became a Charitable Incorporated Or8anisation (CIO) on 21" March 2017. The name of the CIO is the Frlends of Wellington School, Somerset, CIO. The registered and principal office 15 Wellington School, South StreeL Wellington Somerset. TA21 8NT. The ¢harltable company Is reglstered as a charlty wlth the Charlty Commlsslon In England and Wales {registered no. 11725721. The flnancial statements have been prepad in accordance wSth Accountlng and Reportln8 by Charltles- Ststement of Recommended pract1 to charities preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republics of Ireland IFRS 1021 leffectlve l January 20151~ Icharities SORP IFRS 10211, the FinBncial Reportlng Standard appllcable in the UK and Republic of Ireland IFRS 1021, the Companles Act 2006 and Charltles Act 2011. The flnanclal statements have been prepared In sterllng under the hlstorlc cost conventlon as modlfled by the recognition of certain assets at fairvalue. The Friends of Welllngton School meets the definition of a public benefit entity as defined by FRS 102. The Trustees conslderthat there are no materlal uncertalntles about the charityls ablllty to contlnue as a goln8 Concem. Income reco nition All Income Is Included In the Statement of Flnanclal ArttvEtles when the charlty Is legally entltled to the Income and the amount can be quantified with reasonable aceuracy. enditure reco nition Expendlture Is recognised on the accruals basis as a liabilFty is incurred. Irrecoverable VAT is charged agalnst the expendlture headlng for whlch It was Incurred. Expendilure on charitable activitles compr15es those costs Incurred by the charTty In the dellvery of Its actlvitles and serViS for Its beneficiarie5. It include5 both costs that can be allocated directly to such activities and those costs of an indirect nature neossary to support them including governance costs. Funds structure Unre5trirted general fund5: These a funds which can be used in accordance with the charivs objectives at the discretion of the Trustees. Restrlcted funds: These are fund5 5ubjert to external restriction on the way they are spent.
THE FRIENDS OF WELLINGTON SCHOOL SOMERSEr cio NOTES TO THE FINANCiALsfATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Cash a ivalents Cash and cash equlvalents represent cash in hand and In instant ac$$ bank accounts. Finan ial instruments The charity only has financial assets and liabilities that qualify as basic flnanclal Instruments. Basic financial instrument5 are reco8nised at transaction price and subsequently measurèd at thelr settlement value. Criti al accountin ud ments and estimation uncertsin The preparation of the financial statements Sn confomilty with FRS 102 requlres the Trustees to make judgements, estimates and assumptlons that affect the appllcatton of pollcies and the amounts recogni5ed in the financial statements. The Trustees are of the opinion that there were no critical accounting judgement5 or key sour5 of e5tlmation uncertainty in the current year. Stock Is valued at the lower of cost and net reallsable value. Oebto Short term debtors are initially measured at transactlon price, less any Impalrment. Credltors are InltlaSly measured at the transaction price, Volunteers The time of volunteer5 is not recognised. 2. Trustee5' remuneratlon and e ns No Trustees, members of the executNe committee norany person connected with them hès received or is due to recelve any remuneratlon for the year dlrertly or Indlrertly from the CharfV5 funds. Expen5e5 of £618.87 were relmbur5ed to Trustee5 durln8 the year. No other reimbursement of expenses has been made or is due to be made to any of the Trustees in respect of the year.
THE FRIENDS OF WELUNGTON SCHOOL SOMERSET ao NOTES TO THE FINANCIAL STATEMEKrs R THE YEAR ENDED 31 AUGUST 2025 3. Fundra151 2025 Income 2025 Expenditure 2025 Net 2024 Unrestrlcted funds Quiz Nights Commemoratlon Ball Christmos Fair Male vol Choirevening Sprin80 Senior Sports Day Puzzle Night Rock Revues IQ Cards Prep Sports Day Summer Proms Aquathon Weather Lottery Easy Fundraising Jute Bag Sales Parent Soclals Burns Nlght Sports Evenings 5,478 4,868 3.420 670 746 975 523 232 1,146 2.126 1,158 278 4,332 2,742 2,262 392 666 3,620 2,308 1.438 710 272 255 93 703 161 293 391 252 456 395 191 139 240 865 1161 240 634 745 227 231 416 157 59 59 59 59 62 60 143 152 255 1,607 L539 68 415 181 234 21,702 7.932 13.770 lo87
THE FRIENDS OF WEWNGTON SCHOO SOMERSET CIO NOTES TOTHE FINANaAL STATEMENTS FOR ThE YEAR ENDED 31 AUGUST 2025 4. Summa of net assets b funds Unrestrfrted funds 2025 Restri¢tsd fvnds General Purposes FOWPS Fund Anon Donatictrn Totsl Net Curnt assets 39,130 178 3,224 42,532 39,130 178 3,224 42.532 Unrostii¢t•d funds 2024 Restrfcted fvnd$ FOWPS Anon Fund Donation General Purposes Total Net current assets 27,174 178 4,435 31,787 27,174 178 4,435 31,787 5. Statement of fund5 Asatl September 2024 Asat31 August 2025 Income Expendlture Unrestrlcted funds 27,174 22,223 10,267 39,130 Total unrestrlcted funds 27,174 22,223 10,267 39,130 Restricted funds Frlends of Wellington Prep School Anon donation 178 4,435 178 3.224 1,211 Total restricted funds 4,613 1,211 3,402 Friends of Wellin on Pre School Thi5 represents monies raised by the Friend5 of Wellington Prep SclK)ol, which are specifically for tsse within the Prep School. Anon Donation This represents monie5 received from a donation to use for spetific purposes for fundln8 an observatory and musical instruments at Wellington Sthool 1837. io
THE FRIENDS OF NGTON CHOOL SOMERSET CIO NOTES TO THE FINANaALsfATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 6. Com ratfve Strdtement of Financial Artivttles The Statement of Financial Activities for the year ended 31 August 2024 was as follows: Unrestrlrted Funds Restricted Funds 2024 20Z3 INCOME Donatlons & Le8ade5 Donatlons 707 OtherTrading Artiviti Social Events 18,686 18.686 22,068 TOTAL INCOME 19,370 19,370 22.775 EXPENDITURE Ralslng Funds Soclal Event Costs 7.799 7,799 8,728 Charltable Artfvltles Administration Rental of screen for school soclal Acoustic clouds for Cafe 37 Set up costs for Wellington School radlo Stock adjustment Table Tennls Donatlon Sofas Donation Badges for Prep School 960 960 91]0 6.597 322 6,597 1,635 527 1.635 527 S,144 219 2.551 854 TOTAL EXPENDITURE 18,418 18A18 17,818 NEf INCOMEIIEXPENDITURE) AND NET MOVEMENT IN FUNDS 952 952 4,957 RECONauATION OF FUNDS Total funds brought forward 26,222 4,613 30.835 25,878 Total funds carried fonvard 27,174 4,613 31,787 30,835 li
THE FRIENDS OF WELUNGTON SCHOO SOMERSET CIO NOTES TO TH£ FINANaAL STATEMENTS FOR THE YEAR ENDED 31 AUGusf 2025 7. Related transa¢tlons There have been no related partytransactlons durlng thls or the prlor year. 12