FRIENDS OF MILESTONE SCHOOL CHARITY NUMBER: 1173333 FINANCIAL STATEMENTS AND ANNUAL REPORT FOR YEAR ENDING 31st JULY 2023
FRIENDS OF MILESTONE SCHOOL Contents for the Accounts for the Year Endin Jul 31°, 2023 Pa Legal and AdTninistrative Details Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Not¢5 to the Accounts 10
FRIENDS OF MILESTONE SCHOOL ADMINISTRATIVE DETAILS Charil No.. 1173333 Milestone School Longford lane Gloucester GL2 9EU Secrets Ed Turnill Trustees.. Paul Cooke Diane Taylor Lyn Dance Sally-Ann Lonsdal Accountant.. M8jor PJ Buzzard FCCA, FCPFA, FMAAT Cedar Accountancy Services 4, Penkénna Close Crackington Haven, North Cornwall EX23 OPF Page 1
TRUSTEES REPORT Friends of Mllestone School Trustees Re ort forthe Year to 31¥t Jul 2023 'Friends" is our Parentrteacher Association and a registered charity Ino. 1173333) it is a great support mechanism for our community in Milestone School. We support the staff and pupi15 by., Developing effective and positive relationships beeen the staff, parents and others associated with the school. Benefitting the pupils of the school beyond any infrastructure 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 CLJrrent contact detail- Ed Turnill - Secretary and Financial Administrator friends@milestone.sandmal.uk Telephone'.01452874008 Trustees Re ort The charity has continued to run alongside the school, providing service to the children and where necessary the staff. Equipment has been provided to the school and events have been organised and run. Services provided include,'- leavers t-shirts. jcb play toy l eady years play equipment, summer fun day, winter fayre, friends spends for the children summer and winter, bouncy castle hire, cattle ¢ounlry tractor rides. transport for mosque trip, visiting theatre & a school video. Page 3
Financial Re ort Major benefactors this year were SEGA supporting play equipment development and Variety who passed over the funds for a Wheelchair Carousel that they had pledged previously. We also run a bonus ball scheme and a school lollery and we are very fortunate beneficiaries from eslales of friends of the school who have passed away. Reserves Polic Statement l The trustees eonfirm that no formal reserves policy has been adopted but that they will I seek to maintain sufficient fi'nancial reserves lo enable the proper selllement of any debts incurred in rLJnning the charity and hold, if possible, sufficient cash reserves lo enable the running of the charity for a period of 6 months. We have assessed the likely financial risks to the organisalion. How are we Meetin our Charitable ob'ecls? We SUPF)Ort the staff and pupils at Milestone School by.. {il Developing effective and positive relationships beleen the staff, parents and others associated with the school. lill 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 ta emenl 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 aclivilies. Trustee Recruitment and Induction Statement Trustees shall be co-opted by the Management Committee al some other time 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 a pack containing details of the charity, records of meetings held in the past year and, if required, appropriate training to enable the new trustee to fulfil their role to the benefit of the charity and ils beneficiaries. This report was approved by the trustees on 11912024 Name Ed Turnill Role.. _ Secretary and Financi81 Adminislralor Page 5
CHARITY COMMISSION FOR ENGLAND AND WALES INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS Report to the Trusteesl Members of FRIENDS OF MILESTONE SCHOOL l On accounts for the year ended 31st July 2023. Charlty no 1173333 Set out on pages 8-12 and the Trustees, Report on pages 1-5. I report to the Iruslees on my examination of the accounts of the above charity I'the Trusy'l for the year ended 31st July 2023. Responsibilities and Basls of Report i As the charity's Iruslees, you are responsible for the preparation of the a¢¢ounts in accordance with the reqLJirements of the Charities Act 2011 1.the Act l. I I report in respect of my examination of the Trusvs accounts carried out under se¢lion 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under secb'on 14515}Ibl of the AGt. I Independent Examiner's Statement I have completed my examination. I confi'rm that no material mallers have come lo my allenlion in connection with the examination which gives me cause lo believe that in, any material respect.. the accountin8 records were not kept in accordancè with section 130 of the ChHTlties Act,. or the account5 did riot accord with the accountinÈ records.. or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities IAccounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair. view which is not 8 matter considered as part of an independent ex3mination. 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 to enable a proper understanding of the accounts to be reached. Addltlon Notes There are no additional notes lo the report. Page 6
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 Pagè 7
Page 8 FRIENDS OF MILESTONE SCHOOL CHARITY 1173333 BALANCE SHEET AS AT JULY 31st 2023 31st Jul 2023 31st Jul 2022 Tan iblè Flxed Assets Tangible Assets Investments Current Ass&ts: Debtors Iwthin 1 yearl Debtors Imore than 1 yeail Cash at Bank & In Hand 75,264 £ 75.264 £ 56,758 56,758 Creditors Includin (falling within 1 yearl als: Nèt Current Ass 75,264 £ 56,758 Total Ass lèss Current Llabilities: 75,264 £ 56,758 Restricted Unrestricted Total Fund 75,264 £ 75,264 £ 56,758 56,758 The Financi21 Slalemen s were and si ned on eir behalf b ro b the trust on.. Ed Turnill Secretary for the Trustees Date.. 21 losl20z4
FRIENDS OF MILE TONE SCHOOL CHARITY 1173333 STATEM F FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31st JULY 202 Nots Total Total 2023 2022 INCOME AND EXPE RE Incomin Resources: Volunta Income Donations: Donations 4,214 £ 9.380 A¢tivitl&s to Further the Charit 's Ob-&ctives.' Bonus Ball School Lollery Sd)ool Activities 1,632 £ 3,534 £ 3,667 £ 1,820 3,698 2,687 Activilies to Generate Funds.. Fund R8ising 14,273 £ 3,490 Investment Income- Interest and Invèstments Other Income tal Incomin Resourc 27.321 £ 21,075 Resources Ex nd•d: Bonus Ball Fundraising School Activiies Professional FeeslSub5criplions Donations 1,535 £ 188 £ 6,952 £ 140 £ 2.011 188 3.955 116 Total Re rc•s Ex ended: 8,815 £ 6,270 Nèt Incomin Out oirt Resources Other Recognised Gains & Losses Net Movem in Funds 18,506 £ 14,805 Total F nd Brou ht Forward 56,758 £ 41.953 Totsl Funds Carried Forw 75.264 £ 56,758
Page 9 FRIENDS OF MILESTONE CHOOL CHARITY 1173333 TESTOT E ACCOUNTS FOR T YEAR ENDED 31stJULY 2 23 Notè.. 1 Accountin Policies. Basis Of Pre aration Of Financial Statements.. The financial statements 8re prepared under the historic cost convention, and in accordance with the Finanaal reporting Sland8rd for Smaller Entities (effective January 20071, and tho Charities SORP 2016 (Accounting and Reporting by Charities) and comply with the Charities {Accounls and Reports) Regulations 2016 issued under the Charities, Act 2011. Incomln Resourcès.. Grants Receivable are ine1uded in full in the Statement of Financial Activities in the year in which the conditions for Iheii receipt have bèen complied with. Grants restricted lo future accounting periods are deferred and recognised in those future accountin9 periods. Grants are apportioned to accounting periods on a time 8PPOrtionmenl basis. Voluntary income received by way of donations. and investment incorne, is induded in full in the Statement of Financial Activities in the year in which il is receivable. The value of seNc&s by volunteers is not included. Tan ible Flxed Asse And De reciation.. Tangible fixed assets are slated at cost less depreciayon. Depreciation 1$ provided at rates calculatèd to write off the cost of the fixed assets, less their estimated residual value, over the expected useful lives. Restricted Funds: Resliicled funds are lo be used for the designated purposes as laid down by the original donors. Unrestrict&d Fund Unreslricled funds are donations and othèr incoming reSoUS receivable or generated for the objects ol the ¢harity without further specified purposè and are available as general funds. Resourc•s Ex end d: Resources expended ale recognised in the period in which they are incurred. Resources expended include 8ttributable VAT which cannot be recovered. Resources expended are allocated to the parti¢u5ar activity where the cost relate lo the actiwty.
Page 10 FRIENDS F MILESTONE SCHOOL CHARITY 11733 Note,, NOTES TO THE ACC UNTS FOR THE YEAR ENDED 31stJ LY 2023 2 Debto Year End 31st Dec. 2023 Year End 31st Dec. 2022 Fallin Du Wlthin One Year: Other Dèbtors VAT Total Fallin Due Within One Year Debtors fallin due after more tha n& eai 3 Credit Fallin Dua Within On Year: Accruals Totsl Fallin Due Wlthln One Y ar: dltors fallin due after mor• than on aar 4 Cash at B nk and In Hand Current Account 75,264 £ 56,758 Total: 75,264 £ 56,758 5 Inv stments None
Page11 FRIENDS OF MILESTONE SCHOOL CHARITY 1 riotL'. NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st JULY 2023 6 Tan ible Fixed Ass Fr88hold Pro Com ui uter Fumiturn Cost: A8 al 1 August 2022 Additions Disposals As al 31st July 2023 Accumulated Depreciation.. As al 1 August 2022 Charge for Year Disposals As at 31st July 2023 Net Book Value As at 1 August 2022 As at 31st July 2023 Dèpreaation Method - 10QA Reducing Balan for all bul Property. Net Book Value 8$ at 1st Aug. 2022 Net Book Value as at 31 July. 2023 Depreciation Charge for th¢ Yèar 7 Net Incomin Ou oin sourcas For The Year This is staled after charging.. Year Ended 31st July 2023 Year Ended 31st July 2022 Depreciation of Tangible Fixed Assets Trustees Expenses Independent Examiner's Fees 225 £ 225 £ 225 22S