FRIENDS OF MILESTONE SCHOOL CHARITY NUMBER: 1173333 FINANCIAL STATEMENTS AND ANNUAL REPORT FOR YEAR ENDING 31st JULY 2022
FRIENDS OF MILESTONE SCHOOL Contents for the Accounts for the Year Endin Jul 31" 2022 Pa Legal and Administrative Details Trllstees, Annual Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Aounts 10
FRIENDS OF MILESTONE SCHOOL ADMINISTRATIVE DETAILS Charil No.. 1173333 Addre Milestone School Longford lane Glouce51er GL2 gEU Seeta Ed Turnill Trustees.. Paul Cotske Diane Taylor Lyn Dan Sally-Ann Lonsdale Accountant.. Major PJ Buzzard FCCA, FCPFA, FMAAT Cedar AccoLJnlancy Services 4, Penkenna Close Crackinglon Haven, North Cornwall EX23 OPF Page 1
TRUSTEES REPORT Friends of Milestone School Trustees Re ort for the Year to 319t Jul 2022 'Friends" is our Panteacher Association and a registered charity {no. 11733331 it is great support mechanism for our community in Milestone School. | We support the staff and pupils by., ! Developing effective and positive relationships beleen the staff, parents and others 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 trustees of the Friends of Milestone School during the year were Paul Cooke Diane Taylor Lyn Dance Sally-Ann Londale Current contact detail - Ed Tumill - Secretary and Financial Administrator friends@mileslone.sandmat.uk Telephone'.01452874008 Trustees Re ort The world s18rted lo lake on a more familiar shape this year the children were at school more often and whilst the government wouldn't allow the running of the Winter Fayre, il was great to see the return of the Summer Funday. This allowed some revenues to be raised along with the fundraising activity with two of our supporters raising some £4.7k with a Cheeky Pasty Push al the Bourton 1 OK race. all the more remarkable with both physically challenged to even walk let alone run. We provided the leavers t-shirts for the celebration at the end of the year & 5UPPOrted the school sports days with refreshments and medals for the competitors. We also gifted the children their Christmas and Summer Spends. The school lottery and bonus ball schemes continue to go from strength to strength. P8ge 3
Financial Re ort We were again benefitting from our supporters make in memoriam donations lo the charity which offset the fact that post Covid there were less funds to chase in the Trusts and Foundations sector. We were very generously supported by friends who had lost loved ones with a strong connection to the school. as well as those who volunteer (corporates like ecclesiaslicall & local women's institutes. Reserves Polic Statement The trustees confirm that no formal reserves policy has been adopted but that they will seek to maintain sufficient financial reserves to enable the proper settlement of any debts incurred in running the charity and hold, if possible, sufficient cash reserves to enable the running of the charity for a period of 6 months. We have assessed the likely financial risks lo the organisalion. How We Meet our Charitable Ob'ects We support the staff and pupils at Milestone School by.. {il Developing effective and positive relationships between the staff, parents and others associated with the school. {iil Benefitting the pupils of the school beyond any infrastructure or running costs or general maintenance incurred by the school liiilBenefitling 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. Page 4
Public Benefit Statement Trustees confimi that they have taken due noti of the guidan published by the Charity Commission in regards to the public benefit when reviewing the aims and objectives of the charity and in planning the acts'vilies. Trustee Recruitm and Induction Slalement Trustees shall be co-opted by the Management Committee al some other lime provided the total number of trustees does not exceed the maximum number allowed. Prospective trustee5 shall put forward details of their potential contribution lo the i rLJnning of the charity and be appropriately proposed and seconded. Support for new trustees will be given by the provision of a pack containing details of the charity, records of meetings held in the past year and. if required, appropriate training lo enable the new trustee lo fulfil their role lo the benefit of the charity and its beneficiaries. This report was approved by the Iruslees on 11912024 Name Ed Turnill Role.. Secretary and Financial Administrator Page 5
CHARITY COMMISSION FOR ENGLAND AND WALES INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS Report to the Twsteesl Members of FRIENDS OF MILESTONE SCHOOL On accounts for the year ended 31st July 2022. Charty 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 charity I'the Trust.) for the year endec* 315t July 2022. Responsibilities and Basis of Report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the iequirements of the Charities Act 2011 1.the Acl'l. ! 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 Examinerfs Statement have completed my examination. I confirm that no material mallers have come to my attention in connection with the examination which gives me cause lo believe that in, any material respect.. •the accounting records were not kept in accordance with Section 130 of the Charltles Act,. or the account5 did not accord with the accounting records,. or the accounts did not comply with the applicable requirements concerning thÈ form and content of accounts set out in the Charltles (Account5 and Report51 Regulations 2008 other than anv requirement that the accounts give a 'true and fairf vlew which is not a matter considered as part of an independent examlnation. I have no concerns and have come across no other matters in conneGtion 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. 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, Crackinglon Haven, EX23 OPF Page 7
FRIENDS F MILESTONE SCHOOL CHARITY 1173333 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEA Note Total 2022 ENDED 31stJULY 2022 Total 2021 INCOME AND EXPENDITURE Incomin Resources: Volunta InGome Donations: Donations 9,380 £ 8,647 Actffvitsos to Further t Charit 's Ob'e¢tives.' Bonus Ball School Lottery School Actiwlies 1,820 £ 3,698 £ 2,687 £ 1,362 1,035 10,066 Actlvities to Genérale Funds.. Fund Raising 3,490 £ 12,5(Y) Invgstment Inco Interest and Investments Other Income To I Incomin Res rc8s'. 21.075 £ 33.611 Resources Ex ènded: Bonus Ball Fundraising School AGIIiriigS Profèssional Feeslsubscriptions Donations 2,011 £ 188 £ 3,955 £ 116 £ 1,301 492 19,085 131 Total R sourcès Ex en 6,270 £ 21.009 Nat Incomin oln Resour ès Othèr Recognised Gains & Losses Net Movem nt In Funds 14.805 £ 12,602 Total F nds Brou hlF nard 41,953 £ 29,351 To l Funds Carri Fotward 56.758 £ 41,953
Page 8 FRIENDS OF MILE BALANCE S TONE SCHOOL CHARITY 1 EET AS ATJULY 31st 2022 3333 31st 20 31s Note Tan ible Flxed Ass Tangible Assets Investments Current A s&ts: Debtors Iwithin 1 yèarl Debtors (More Ihan 1 yearl Cash at Bank & In Hand 56.758 £ 56,758 £ 41,953 41,953 Creditors.. Ifa11ing within 1 ye8r) Net Current Ass 56,758 £ 41.953 Total Asse l&ss Curren Llabilities: 56.758 £ 41,953 Fund Reslri¢tèd Unieslricted Totsl Fund 56.758 £ 56,758 £ 41,953 41.953 TheFi nd si ancial Slalem nts were a nedo heir behalf b rustees on.. Sècreta Dale.. forl Trustees Zl -oB 8024
Page 9 FRIENDS OF MILE TONE SCHOOL CHARITY 1173333 NOTES TO THE ACCOUNT FOR THE YEAR ENDED 31 JULY 20 Note". ountin Po Basis Of Prè aration Of Flnancial Statements.. The financial slalements are prepared under the historic cost convention, and in accordance with the Financial reporting Standaid for Smaller Entities leffeclive January 20071, and the Charities SORP 2016 {Accounting and Reporting by Charities) and cornply with the Charities (Accounts and Report51 Regulations 2016 issued under Ihg Charities, Act 2011. Incomin Resources: Grants Receivable are included in full in thè Statement of Financial Activities in the year in which th8 conditions for their receipt have been ¢omplied with. Grants re51rieted to future accounting periods are deferred and recognised in those future accouniing periods. Grants are apportioned to accounting period5 on a time apportionment basis. Volun18ry income recèived by way of donations, and invesltnent income, is induded in full in the Slalèment of Financial Activities in the year in which il is receivable. The value of services by volunteers is not included. Tan ible Fixéd Assets And De re¢iatlon'. Tangible fixed asselg are staled at cost less depreciation. Depieciation is proffided al rates ealculaled lo write off the cost of the fixed assets, less their eslirnal&d residual v81LJe, over thè expected usèful lives. Restrictèd Funds-. Restricted funds are lo be used for the designated purposes as18id down by the original donors. Unrestricte Funds.. Uniestricied funds are donations and other incoming resources receivable or generated for the obje¢ts of the charity without further specifièd purpose and are available as gen¢ral funds. ResourceB Ex ended= Resources expended are recognised in the period in whl¢h they are in¢urred. Resources expended include allributable VAT which cannot be recovered. Resources expended are allocated lo the particular activity where the cost rtrlate to the activity.
Page 10 FRIENDS OF MILESTO E SCHOOL CHARITY 11733 Note NOTES TO THE ACCOUNTS FOR HE YEAR ENDED 31stJULY 2022 2 Dèbtors: Year End 31st De¢. 2022 Year End 31st Dec. 2021 Due Wi In One Ye Other Oeblors VAT Dua Within On• Year: Debtors fallin u& after more than on• ear Creditors= Due Wlthin One Y ar: A¢¢ruals Total Fallln Duewithin One Ye Credit rs fallin du after mo than one aar 4 cash at Bank nd In Han Current Account 56,758 £ 41,953 otal: 56.758 £ 41.953 Investmènts None
Page11 FRIENDS OF MILESTONE SCHOOL HARITY 1173333 Not&.. NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31stJULY 2022 6 Tan ible Fixed Assets.. Freehold Pro Com utsr Furniture As al 1 Augu512021 Additions Disposals As at 31 st July 2022 Accurnulaled Depreciation.. As at 1 August 2021 Charge for Year Disposals As at 31st July 2022 Nel Book Value As at 1 AugLJSt 2021 As a131 st July 2022 Depreryation Method - 10 /0 Reduclng Balance for all but Property. Net Book Value as at 1st Aug. 2021 Net Book Value as at 31 July. 2022 Depraciation Charge for the Year 7 Net Incomln Ou oin Resources For The Yeal Thi8 is stsled after th8rging'. Yaar Endad 31st July 2022 Y8ar Ended 31st July 2021 Depreciation of Tangible Fixed Ass8ts Trustees Expenses Independent Exarlline¢$ Fges 225 £ 225 £ 225 225