FRIENDS OF MILESTONE SCHOOL CHARITY NUMBER: 1173333 FINANCIAL STATEMENTS AND ANNUAL REPORT FOR YEAR ENDING 31st JULY 2021
FRIENDS OF MILESTONE SCHOOL Contents for the Accounts for the Year Endin st Jul 31 2021 Pa Legal and Administrative Detsils Trustees, AnDual Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Accounts 10
FRIENDS OF MILESTONE SCHOOL ADMINISTRATIVE DETAILS Charil No". 1173333 Milestone School Longford lane Gloucester GL2 9EU Sec Ed Turnill Trustee Paul Cooke Diane Taylor Lyn Dance Sally-Ann Lonsdale Accounlanl. Major PJ Buzzard FCCA, FGPFA, FMAAT Cedar Accountancy Services 4, Penkenn8 Close Cra¢kington Haven, North Cornwall EX23 OPF Page 1
TRUSTEES REPORT Friends of Pdlllestone School Trustees Re ort for the Year to 31st Jul 2021 Friends" is our parenteacher Association and a registered charity Ino. 11733331- it is a great support mechanism for our community in Milestone School. We support the staff and pupils by., Developing effective and positive relationships bebNeen the staff, parents and other5 associated with the school. Benefitting the pupils of the school beyond any infraslruclure or running costs or general maintenance incurred by the school Benefitting the pupils of the school by providing funding for resources, school trips, residential or activities inside or outside school which are not normally funded by the school. Charity Number 1173333 Page 2
The Iruslees of the Friends of Milestone School during the year were Paul Cooke Diane Taylor Lyn Dance Sally-Ann Londale Current contact detail - Ed Turnill - Secretary and Financial Administrator friends@mileslone.sandmal.uk Telephone'.01452874008 Trustees Re ort Still getting used to living through the global pandemic that is Covid. With only 113 of the pupils al school, key workers, children and those in care, the charity became less active. There was no opportunity to run events for the school or the local public and so revenues were driven in a downward direction. When school was open periodically in the academic year, we were able lo accept some revenues. These came mostly in the form of in memoriam donations, some advertising revenue for a new dt room project, the sale of Christmas cards to children and parents or through corporate volunteer donation schemes Page 3
Financial Re ort Contributions were made lo revamping the décor in rabbit class, a new minibus that was provided by Variety, we provided the Friends gift to the children @£4 per head & paid for the children lo go lo Sailabilily. The textile collection bank & amazon's smile program continued to PTovide useful incomes. Reserve5 Polic statement The Iruslees confirm that no forma1 reserves policy has been adopted but that they wil seek to maintain sufficient financial reserves lo enable the proper settlement of any debts incurred in running the charity and ho5d, if possible, sufficient cash reserves to enable the running of the charity for a period of 6 months. We have assessed the likely fi'nancial risks to the organisab'on. How We Meet our Charitable Ob'ects We support the staff and pupils at Milestone School by.. lil Developing effective and positive relationships beeen the staff, parents and others associated with the school. lill Benefith'ng the pupils of the school beyond any infrastructure or running costs or general maintenance incurred by the school liiilBenefitting the pupils of the school by providing funding for resources, school trips, residential or activrties inside or outside school which are not normally funded by the school. Page 4
Public Benefi't Statement Trustees confirm that they have taken due notice of the guidance published by the Charity Commission in regards lo the public benefit when reviewing the aims and objectives of the charity and in planning the activities. Trustee Recrui ent and Induction Statement Trustees co-opted by the Management Committee al some other lime provided the total number of trustees does not exceed the maximum number allowed. Prospective trustees shall pul forward details of their potential contribution lo the running of the charity and be appropriately proposed and seconded. Support for new trustees will be given by the provision of 2 pack containing details of the charity, records of meetings held in the past year and, if required. appropriate training to enable the new trustee lo fulfil their role to the benefit of the charity and its beneficiaries. This report was approved by the trustees on 21108124 Name Ed Tumill Role.. Secretary and Financial Administrator Page S
CHARITY COMMISSION FOR ENGLAND AND WALES INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS Report to the Trusteesl Members of FRIENDS OF MILESTONE SCHOOL On account$ for the year ended 31st July 2021. Charity no 1173333 Sel out on pages 8-12 and the Trustees, Report on pages 1-5. I report lo the trustees on my examination of the accounts of the above ¢harity I the Trust I for the year ended 31 St July 2021. Responsibllltles and Basis of Report As the charity's trustees, you are resF)onsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 1.the ACYI. 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 14515llbl of the Act. Independent Examine5 Statement I have completed my examination. I confirm that no material matters have come to my allenlion in connection with the examination which gives me cause to believe that in, any material respect.. *the accountin8 rètords were not kept in accordance with section 130 of the Charities Act,. or the accounts dld not accord with the accounting record5,' or the accounts did not comply with the applicèble requirements concerning the form and content I of accounts set out in the Charities (Accounts and Reports) Regulations 2(K)8 other than any requirement that the account5 give a'true and fair, VIÈW which is not a rnatter consldered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. Addition Notes There are no additional notes to the report.
Signed.. Dale. 2210812024 Paul Buzzard. FCPFA, FCCA, CITP, FFA, FMAAT, MBCS, MA. Msc (Charity Acc.} Chartered Public Finance Accountant and Chartered Certified Accountant Cedar Accountancy Services, 4, Penkenna Close, Crackington Haven, EX23 OPF Page 7
FRIENDS F MILESTONE SCHOOL CHARITY 1173333 TATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31stJULY 2021 Note Total Total 2021 2020 INCOME D EXPENDITURE Incomln V lunta Resources.. Income Donations 8,647 £ 5,146 Activities to F Char ér th£ Bonus Ball School Lottery School Activities 1,362 £ 1,035 £ 10.066 £ 502 Activiti to Genernfe Funds. Fund Raising 12,500 £ 4,511 Inves enl Income.. Interest and Investrnents Other Income Total Incomin Rèsources: 33.611 £ 10,159 ources Ex ended.. Bonus Ball Fundraising School Activiies Professional F8èslSubscriplions Donations 1,301 £ 492 £ 19,085 £ 131 £ 182 310 2,422 45 Total Resources Ex endèd: 21.009 £ 2,959 Net In mln Out oin Resourc Olhei Recognised Gains & Losses Nèt Movement in Fund 12.602 £ 7,200 Total Funds Brou rward 29,351 £ 22,151 Total Funds C rried Forward 41.953 £ 29,351
P8ge 8 FRIENDS OF MILESTONE SCHOOL CHARITY 117333 BALANCE SHEET AS AT JULY 31st 2021 31stJu 2021 31stJu 2020 Tan ibl8 Fixed Asse Tangible Assets Investments Current Assets: Debtors (Within 1 year) Debtors (More than 1 yearl Cash at Bank & In Hand 41,953 £ 41,953 £ 29,351 29.351 Creditors: Ifalling within 1 yéarl Nat Current Ass 41,953 £ 29.351 Total As$6ts less Curren Llabilities: 41,953 £ 29.351 Fu Restricted Unrestricted Total Fund 41.953 £ 41,953 £ 29,351 29,351 The Finanaal Statem nts were a and si ned n their behalf b vèd b the trus s on.. Ed Turnill Secreta lo Dale.. 21-06-2014 a Trustees
Page 9 FRIENDS F MILESTONE SCHOOL CHARI 1173333 TES TO THE ACC UNTS FOR THE YEAR ENDED 3 JULY 2021 Not8: l Accountin Policl•s' Basis Of Pre aration Of Flnancial Statements.. The financial slalemenls are preparèd under the historic cost convention, and in accordanee with the Finanual reporting Standard for Smaller Entities (effective January 20071, and the Charities SORP 2016 (Accounting and Reporting by Ch81ilièsl and comply with the Chaff(ies (Accounts and Reports) Regulations 2016 issued under the Charilie5' A¢t 2011. Incomin Resources= Grants Receivable are included in full in the Slaletntsnl of Finanaal ActiVeS in the year in whi¢h the conditions for their receipt have been complied with. Grants restricted lo future accounting periods are deferred and recognisad in those future 8¢counting periods. Grants are apportioned lo accounting periods on a time apportionment basi5. Voluntary incorne received by way of donations, and investmènt income, is in¢ludèd in full in the Ststement of Financial Activities in thè year in which il 15 rèceivable. The value of services by volunteers is not included. Tan ible Fix&d Assets And Da reciation.. Tangible fixed assets are stated al cost less depre(aalion. Depreciation is provided at rates c81¢ulated lo write off th& cost of the fixed assets, less their estimated residual value, over the expected useful live5. Restrlcted Fund Reslricled funds are lo be used for the designated purposes as18id down by the origin81 donors. Unrestrictèd Funds: Unrestricted funds are donations 8nd other incoming rèsources receNable or generated for the objects of the charity without further specified purpose and are available 88 general funds. Resources Ex ended- ReSoUS expendèd are recogn1sed in the peTiod in which they are ineurred. Resources expendèd include attributable VAT which cannot be recoveièd. Resources expended are allocated lo the particular 8¢tivity where the cost relate lo the activity.
Page 10 FRIEN S OF MILESTONE SCHOOL CHARITY 1173333 Note.'NOTE TO THE CCOUNTS FOR THE YEAR ENDED 31st JULY 2021 2 Deb Year End 1st Dec. 2021 Year End 31st Dec 2020 Fallin DLt& Within One Year.. Other Debtors VAT Total Follln Due Wlthin One Y ar: Debtors fallin due fter mo an one 3 Credttors.. Fallin Due Within One Year. Accruals Totsl Fallin 8 Within n• Year: Crndltors fallln due aftèr more th none 4 Casho Bank and In Hand Current Account 41,953 £ 29,351 41.953 £ 29.351 vèstmen None
Page11 FRIENDS OF MILESTONE CHOOL CHARI 1173333 Note.. NOTE TO THE ACCOUNT FOR THE YEAR ENDED 31stJULY 2021 Ible Fixed Ass Fr8ehold Pro Furni ui Cost: As at 1 August 2020 Additions Disposals As a131st July 2021 Ac¢umulated Depreci8tion'. As at 1 August 2020 Charge ft)r Y6ar Disposals As at 31 st July 2021 Nel Book Value As at 1 August 2020 As at 31 sl July 2021 Depreci8b'on Method- 100h Reducing Balance for all but Property. Nèt Book Value 8$ at 1st Aug. 2020 Net Book Value as at 31 July. 2021 Depreelatlon Charge for th& Year 7 Net omln Out oin RèsourGe5 For The Yeai This is slated after charging.. Year Ended 31st July 2021 Yoar Ended 31$t July 2020 Depreciation of Tangible Fixed Assets Trustees Expenses Independent Ex8miner's Fees 225 £ 225 £ 150 150