FRIENDS OF MILESTONE SCHOOL CHARITY NUMBER: 1173333 FINANCIAL STATEMENTS AND ANNUAL REPORT FOR YEAR ENDING 31st JULY 2024
FRIENDS OF MILESTONE SCHOOL Contents for the Accounts for the Year Endin st Jul 31 2024 Pa Legal and Administrative Details Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Accounts io
FRIENDS OF MILESTONE SCHOOL ADMINISTRATIVE DETAILS Chari No.. 1173333 Address.. Milestone School Longford lane Gloucester GL2 9EU Secreta Ed Tumill Trustees: Paul Cooke Diane Taylor Lyn Dance SalFy-Ann Lonsdale Accountant: Major PJ Buzzard FCCA, FCPFA, FMAAT Cedar Accountancy Services 4. Penkenna Close Crackington Haven, North Comwall EX23 OPF Page 1
TRUSTEES REPORT Friends of Milestone School Trustees Re ort for the Year to 31st Jul 2024 "Friends" is our ParenUTeacher Association and a registered charity (no. 1173333) it is a great support mechanism for our community in Milestone School. We support the staff and pupils by: Developing effective and positive relationships between 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 Current contact detail - Ed Tumill - Secretsry and Financial Administrator friends@milestone.sandmat.uk Telephone.'01452874008 i Trustees Re ort The school lottery and bonus ball continue to run alongside other fundraising activity. The school year 2023124 has been a much busier year. We have provided for retiring members of staff, a winter fayre {sadly due to lack of support staff the Summer Event was cancelled) but we also supported the Halloween disco. We provided the food to the July stsff bingo night in July, a remembrance garden to honour staff and children who have passed. Again, we have provided the spends for the children in the winter and the summer, contributed to the senior children's activities week in lieu of a residenb'al stay. provided staff benches at the front of the school and a banner to mark the leaving of our senior children. Furthermore, we have bought equipment for the middle department playground and supported a trip to Clearwell Caves. At Christmas, we bought selection boxes for the children, acquired special education pe equipment & a wormery for the outdoor learning area. Page 3
Financial Re ort i Expenditure has taken off in this year following the quieter years caused by the Covid | pandemic and its, aftermath. Having accepted funding from Variety for a wheelchair carousel, agreement was finally reached this year where the equipment should be positioned and so the charity was very happy to support the school to install this well needed item. 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 to the organisation. i How are we Meetin our Charitable ob'ects? We support the staff and pupils at Milestone School by: (i) Developing effective and positNe relationships between the staff, parents and others associated with the school. {ii) Benefitting the pupils of the school beyond any infrastructure or running costs or general maintenance incurred by the school (iii)Benefitting the pupils of the school by providing funding for resources, school trips, residential or activities inside or outside school which are not nomially funded by the school. Page 4
Public Benefit Statement Trustees confirm that they have taken due notice of the guidance published by the Charity Commission in regards to the public benefit when reviewing the aims and objectives of the charity and in planning the activities. Trustee Recruitment and Induction Statement Trustees shall be co-opted by the Management Committee at some other time provided the total number of trustees does not exceed the maximum number allowed. Prospective trustees shall put forward details of their potential contribution to 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 its beneficiaries. This report was approved by the trustees on 11912024 Name Ed Tumill Role: Secretary and Financial Administrator 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 On accounts for the year ended 31st July 2024. Charity no 1173333 Set out on pages 8-12 and the Trustees, Report on pages 1-5. I report to the trustees on my examination of the accounts of the above charity ("the Trust"} for the year ended 315t July 2024. 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 Acf). 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 145(5)(b) of the Act. ! Independent Examinerfs Statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect= •the accounting records were not kept in accordance with section 130 of the Charities Att,. or the accounts did not accord with the accounting records; or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection 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: Date: 2210812024 Paul Buzzard, FCPFA, FCCA, CITP, FFA, FMAAT, MBCS, MA. Msc (Charity Acc.) Chartered Public Finance Accountant and Chartered Certified Accountant Cedar Accountancy seiceS, 4, Penkenna Close. Crackington Haven. EX23 OPF Page 7
FRIENDS OF MILESTONE SCHOOL CHARITY 1173333 STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31st JULY 2024 Note Totsl Total 2024 2023 INCOME AND EXPENDITURE Incomin Resources: Volunta Income Donations: Donations 4.191 £ 4,214 Activities to Further the Chari s Ob ectives.. Bonus Ball School Lottery School Activities 1,550 £ 3,102 £ 2,694 £ 1.632 3,534 3,667 Activities to Generate Funds.. Fund Raising 12,(X17 £ 14,273 Investment Income.. Interest and Investments Other Income Total Incomin Resources: 23,544 £ 27,321 Resources Ex nded: Bonus Ball Fundraising School Acliviies Professional Feeslsubscriptions Donations 1,270 £ 661 £ 31,895 £ 153 £ 1.100 £ 1,535 188 6,952 140 Total Resources Ex endod: 35,079 £ 8,815 Net Incomin Out oin Resources Other Recognised Gains & Losses Net Movement in Funds 11,535 £ 18.506 Total Funds Brou ht Forward 75,264 £ 56.758 Total Funds Carried Forward 63,729 £ 75,264
Page 8 FRIENDS OF MILESTONE SCHOOL CHARITY 1173333 BALANCE SHEET AS AT JULY 31st 2024 31st Jul 2024 31 st Jul 2023 Note Tan ible Fixed Assets Tangible Assets Investments Current Assets: Debtors (Within 1 year) Debtors (More than 1 year) Cash at Bank & In Hand 63.729 £ 63,729 £ 75,264 75,264 Creditors and Accruals: Accruals Net Current Assets: 63,729 £ 75.264 Total Assets less Current Llabilities: 63.729 £ 75,264 Funds: Restricted Unrestricted Total Funds: 63,729 £ 63,729 £ 75,264 75,264 The Financial Statements were a and si ned on their behalf b roved b the trustees on: ned -Ed Turnill Secreta for the Trustees Date. 2 1-05*20£¢
Page 9 FRIENDS OF MILESTONE CHOOL CHARITY 1173333 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st JULY 2024 Note: 1 Accountin PoliGies' Basis Of Pre aration Of Financial Statements: The financial statemenls are prepared under the historic cost convention. and in accordance with the Financial reporting Standard for Smaller Entities (effective January 20071, and the Charities SORP 2016 (Accounting and Reporting by Charities) and comply with the Chartties {Accounts and Reports) Regulations 2016 issued under the Charities, Act 2011. Incomin Resources: Grants Receivable are included in full in the Statement of Financial Activities in the year in which the condilions for their receipt have been complied with. Grants restricted to future accounting periods are deferred and recognised in those future accounting periods. Granls are apportioned to accounting periods on a time apportionment basis. Voluntary income received by way of donations. and investment income. is included in full in the Statement of Financial Adivities in the year in which it is re1Vable. The value of seNices by volunteers is not induded. Tan ible Fixed Assets And De reciation.. Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over Ihe expected useful lives. Restricted Funds: Restricted funds are to be used for Ihe designated purposes as laid down by the original donors. Unrestricted Funds: Unrestricted funds are donations and other incoming resources receivable or generated for the objecls of Ihe charity without further specified purpose and are available as general funds. Resources Ex nded: Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered. Resources expended are allocated to the particular activity where the cost relate to the activity.
Page 10 FRIENDS OF MILESTONE SCHOOL CHARITY 1173333 Note.. NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31stJULY 2024 2 Debtors: Year End 31st Dec. 2024 Year End 31st Dec. 2023 Fallin Due Wlthin One Year: Other Deblors VAT Totsl Fallin Due Within One Year: Debtors fallin due after more than one ear 3 Creditors: Fallin Due Within One Year: Accruals Total Fallin Due Within One Year. Creditors fallin due after more than one ear 4 Cash at Bank and In Hand Current Account 63,729 £ 75,264 Totsl: 63,729 £ 75,264 5 Investments None
Page 11 FRIENDS OF MILESTONE SCHOOL CHARITY 1173333 Note: NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31stJULY 2024 6 Tan ible Fix d Assets: Freehold Pro Com ui uter Fumiture Cost: As at 1 August 2023 Additions Disposals As at 31st July 2024 Accumulated Depreciation: As at 1 August 2023 Charge for Year Disposals As at 31st July 2024 Net Book Value As al 1 August 2023 As at 31st July 2024 Depreciation Method - 100k Reducing Balan for all bul Property. Net Book Value as at 1st Aug. 2023 Net Book Value as at 31 July. 2024 Depreciation Charge for the Year 7 Net Incomin Out oin Resources For The Yeai This is stated after charging: Year Ended 31st July 2024 Year Ended 31st July 2023 Depreciation of Tangible Fixed Assets Trustees Expenses Independent Examinerfs Fees 225 £ 225 £ 225 225