## **St Francis’ Fund (Newham)**
**St Francis’ Catholic Primary School**
**Bow Street London E15 1HD**
**Trustees Annual Report For the period 1[st] April 2023 to 31[st] March 2024 Registered Charity number 1173650**
The trustees present their annual report and financial statements of the charity for the accounting period 1[st] April 2023 to the end of 31[st] March 2024. The financial statements have been prepared in accordance with the Charity Commissions accrual accounts (CC17) – SORPS FRS102.
## **Table of Contents**
Objectives and Activities ......................................................................................................................... 1 Achievements and Performance (SORP Para 1.41) ................................................................................ 2 Alleviation of financial hardship ......................................................................................................... 2 Maintaining the school house ............................................................................................................. 2 Financial Review ...................................................................................................................................... 3 Review of the Charity’s financial position at the end of the period ................................................... 3 (SORP Para 1.21) ................................................................................................................................. 3 Reserves Policy (SORP Para 1.22) ....................................................................................................... 3 Structure, governance and management ............................................................................................... 4 Names of the charity trustees who manage the charity .................................................................... 5 Names and addresses of advisers ....................................................................................................... 5 Appendix 1 – Income & Expenditure to 31/3/2024 ................................................................................ 6 Appendix 2 – Balance Sheet as at 31/3/2024 ......................................................................................... 7 Appendix 3 – Bank Reconciliation 31/03/2024 ....................................................................................... 8 Appendix 4 – Charitable Income & Staff Loans ....................................................................................... 9 Appendix 5 - Consolidated Income & Expenditure to 31 March 2024 ................................................. 10 Appendix 6 - Balance Sheet as at 31 March 2024 ................................................................................. 11
## **Objectives and Activities**
A summary of the purposes of the charity as set out in its governing document is, to advance the education of the pupils at St Francis’ Catholic Primary school, Newham, by providing and assisting in the provision of education, recreational and other charitable facilities in augmentation of the funds provided by the local education authority and the Department of Education. (SORP Para 1.17)
The charity’s main activities in relation to those for the public benefit have been as follows: (SORP Para 1.17 and 1.19)
- Making a grant to one family (family of pupils) to pay for Breakfast Club.
- A small loan was given to a member of staff in February 2018, one instalment was paid to the school bank account by mistake. This has been transferred to the charity account.
- Maintaining the school house, which although not owned by the charity, the proceeds from the rent are paid to the charity account. The house is let on the commercial letting market.
- Making grants to the school for the benefit of all pupils.
- Grants to other charities as a result of fund raising by the pupils of the school.
## **Grant Making Policy**
The trustees have delegated the authority to give grants to families of pupils of the school to the Head Teacher. Through her work with pupils and their families, the head teacher is able to identify families is great need. She then meets with the parents to better understand their circumstances and through this she is able to assess the families need.
In this period, grants were made for :-
- Before school care (Breakfast Club)
- Purchase of school uniform.
- Supporting year six pupils on the residential trip with the provision of an additional adult.
- Putting on a workshop on pupil knife crime to pupils in year 5 and year 6 and to parents.
- A small Christmas gift for all pupils in school.
Page 1
## **Achievements and Performance (SORP Para 1.41)**
## **Alleviation of financial hardship**
Ten pupils in six families received new school uniforms.
One family was provided with before school childcare (Breakfast club) for six months.
All children in school were provided with a small gift from Santa Clause at the end of the autumn term.
## **Maintaining the school house**
Maintenance has taken place on the school house during this period.
- Gas safety check.
- PAT test completed (Portable Appliance Testing).
- A radiator valve was fixed, following a leak.
- Overgrown shrubs and trees where cut back in the garden.
- The property is inspected every quarter and a condition report sent to the school.
- All house statutory inspections are up-to-date.
- The tenants renewed their rental agreement in January 2024.
The school also holds a Rented Property License for this property. The London Borough of Newham was the first borough to introduce the compulsory licensing of all privately rented properties to ensure that landlords were delivering good quality well managed properties for people to live in. Under the terms of the licensing, properties are also subject to legal checks.
Page 2
## **Financial Review**
**Review of the Charity’s financial position at the end of the period**
## **(SORP Para 1.21)**
The St Francis’ Fund work is reliant on income from the school house and money collected in school for other charities (SORP Para 1.47).
## **The Charity received:**
- £19,300.00 income from the school house.
- £92.19 was raised for Disability Awareness.
- £1,987.67 was raised last year and paid the Salvation Army.
- £61.96 was raised last year and paid to the British Legion Poppy Appeal.
- £7,705.00 from Parental Contributions.
## **The Charity spent:**
- £1,444.06 - to support vulnerable families with the purchase of school uniform.
- £4,968.00 was paid out to maintain the school house. £3,648.00 was spent on letting fees and £1,320.00 was spent on maintenance, safety checks and cutting back overhanging shrubs and trees.
- £1,550.00 - on additional adult support the Year 6 residential week.
- £41.60 - Parent Pay service charges and vat – online payment platform
- £680.40 - Auditor costs
- £20,000 – donation to St Francis’ School
- £608.17 – to provide a Christmas present to every child in school.
## **Reserves Policy (SORP Para 1.22)**
The trustees aim to maintain free reserves in unrestricted funds in the bank account. The aim for is to maintain a balance of no less than £5,000 in order to be able to meet most eventualities for the maintenance of the House.
Page 3
## **Structure, governance and management**
The organisation is a charitable incorporated organisation (CIO) with registered charity number 1173650; registered under constitution on 3[rd] July 2017 (SORP Para 1.25). The charity funds are the voluntary funds of St Francis’ Catholic Primary School, Maryland Park London E15 1HB. These funds have been registered with the Charity Commission as a result of the London Borough of Newham’s Financial Guidance to Schools which states that “voluntary funds with income or expenditure over £5,000 are registered with the Charity Commission.”
Trustees of the Governing Body of St Francis’ Catholic Primary School become trustees of the St Francis’ Fund Charity (Newham) unless disqualified to do so. When a member of the Governing Body of St Francis’ Primary School ceases to become a governor they also cease to be a trustee of the St Francis’ Fund charity (SORP Para 1.25).
New trustees are appointed at the same time they become a governor at St Francis’ Catholic Primary school and serve as a trustee for the period of time they are a governor. The number of trustees is limited to the number of governors of St Francis’ Catholic Primary School. Four trustees must be present at a meeting for it to be quorate. No additional meetings have been called in this period. Charity bank account balances are monitored as part of the School’s Finance Committee meetings and reported the School’s full governing body at least once a term.
The day to day administration of grants and loans is delegated to the Head Teacher (SORP Para 1.38). All new trustees are given a copy of the constitution, the latest annual report, the Charity Commission guidance “The essential trustee: what you need to know what you need to do (CC3)” and the Charity Commission guidance on public benefit PB1, PB2 & PB3 (SORP Para 1.18). On appointment new trustees are asked to sign a model trustee declaration statement committing them to giving of their time and expertise.
All trustees give of their time freely and no trustee remuneration was paid in the year.
Trustees are required to disclose all relevant interests through the Governing Body process of completing an annual pecuniary interest’s form. The Head Teacher declared that her husband’s company Xenogenesis supported the Year 6 residential course.
Page 4
## **Names of the charity trustees who manage the charity**
**----- Start of picture text -----**
Dates acted if not for
Trustee name Office (if any)
whole year
1 Awele Nkemnacho Chair 8 [th] April 2024
2 Marian Thorn
3 Lois Elias
4 Celia Willson
5 Omotoke Alabede
6 Emmanuel Falusi 19 [th] February 2024
7 Prudence Rangwanasha
8 Joseph Kiernan
9 Natasha Scott
**----- End of picture text -----**
## **Names and addresses of advisers**
||**Name**|**Address**|
|---|---|---|
|Financial Advisors|Rupert Jones
Financial Services
Limited|125 Ripple Centre, Ripple Road, Barking, Essex, IG11
7FN|
Page 5
## **Appe** n **dix 1 – Income & Expenditure to 31/3/2024**
## **Income & Expenditure to 31/3/2024**
|**Income**||||
|---|---|---|---|
|Income from St Francis House|19,300.00|||
|Miscellaneous Income(friends of FRA)|0.00|||
|Grant Income|0.00|||
|Parental Contribution|7,705.00|||
|Net Charity|(1,957.44)|||
|||25,047.56||
|**Expenses**||||
|Refreshments for Governors meetings|0.00|||
|Refreshments for Visitors|0.00|||
|Refreshments for Staff|0.00|||
|Funds paid to School|30,000.00||d22|
|St Francis House|5,188.00||d27|
|Christmas Gifts to Children|608.17||d24|
|Staff Clothing||||
|Uniform|1,444.06||d21|
|Gifts|87.67||d23|
|Other|99.65||d31|
|Bank charges & Admin||||
|Audit Costs|680.40||d32|
|Activities For Children|1,762.19||d30|
|Wraparound care for children in need||||
|Car services payments|0.00||d20|
|Tea Time & Breakfast Club payments|112.50||d25|
|Parental Contribution|120.00||d29|
|||40,102.64||
|**Surplus / (Deficit)**||**(15,055.08)**||
Page 6
## **Appendix 2 – Balance Sheet as at 31/3/2024**
**----- Start of picture text -----**
Balance Sheet as at 31/3/2024
31-Mar-2023 31-Mar-2024
Debtors
Loans to staff 100.00 -
Cash & Bank
Bank 26,975.03 12,019.95
Petty Cash 0.00 0.00
26,975.03 12,019.95
27,075.03 12,019.95
Current account
balance b/f 7,371.88 27,075.03
Movement in Year 19,703.15 (15,055.08)
Current account balance 27,075.03 12,019.95
**----- End of picture text -----**
Page 7
## **Appendix 3 – Bank Reconciliation 31/03/2024**
||**Bank Reconciliation 31/3/2024**|||
|---|---|---|---|
|||||
|Less
Add|Balance as per Bank Account Statement
Balance as per cash book
Difference
Unpresented Cheques
Deposits
Total||12,019.95
12,019.95|
||||**0.00**|
||||
|
|||**0.00**||
|||0.00||
|||**0.00**||
|||||
||||**0.00**|
Page 8
## **Appendix 4 – Charitable Income & Staff Loans**
||**Charitable Income**||
|---|---|---|
|||**Collected**
**Paid**
**Balance**|
||Disability Awareness
Poppy Apeal
The Salvation Army UKT Fundraising Account|92.19
92.19
61.96
(61.96)
1,987.67
(1,987.67)
0.00
0.00|
|||**92.19**
**2,049.63**
**(1,957.44)**|
||**Staff Loans**||
|---|---|---|
|||**Opening Balance**
**Loan**
**Repayments**
**Closing**
**Balance**|
||ADJ
**Totals**|100
100.00
0.00
0.00|
|||**100.00**
**0.00**
**100.00**
**0.00**|
||||
Page 9
## **Appendix 5 - Consolidated Income & Expenditure to 31 March 2024**
**Consolidated Income & Expenditure to 31 March 2024**
|**Funds**
**Restricted**
**Unrestricted**
**Income**
**Fund**
Income from St Francis
House
19,300.00
19,300.00
Miscellaneous Income
-
-
Grant Income
-
-
-
Parental Donations
7,705.00
7,705.00
Funds on conversion to
charity
-
Net Charity
- 1,957.44
- 1,957.44
**25,047.56**
**-**
**25,047.56**
**Expenses**
Refreshments for
Governors meetings
-
-
Refreshments for
Visitors
-
-
Refreshments for Staff
-
-
Uniform
1,444.06
1,444.06
Gifts
87.67
87.67
Other
99.65
99.65
Audit Costs
680.40
680.40
St Francis House
5,188.00
5,188.00
Christmas Gifts to
Children
608.17
608.17
Activities For Children
1,762.19
1,762.19
Wraparound care for
children in need
-
-
Funds paid to school
30,000.00
30,000.00
Insurance
-
-
Professional Fees
-
-
Bank Charges & Admin
-
-
Parental contribution
120.00
120.00
Tea Time & Breakfast
Club
112.50
112.50
**Sub total**
**40,102.64**
**-**
**40,102.64**
**Surplus / (Deficit)**
**- 15,055.08**
**-**
**- 15,055.08**
Balance b/f
27,075.03
27,075.03
**Funds Carried FWD**
**12,019.95**
**-**
**12,019.95**||**2023-24**
**2022-23**
**Consolidated**
**Consolidated**
19,300.00
21,800.00
-
529.79
-
-
7,705.00
3,165.00
-
-
- 1,957.44
2,058.53
**25,047.56**
**27,553.32**
-
-
-
-
-
-
1,444.06
1,014.46
87.67
-
99.65
647.71
680.40
630.00
5,188.00
4,008.00
608.17
-
1,762.19
1,550.00
-
-
30,000.00
-
-
-
-
-
-
120.00
112.50
**40,102.64**
**7,850.17**
**- 15,055.08**
**19,703.15**
**19,703.15**
27,075.03
7,371.88
**12,019.95**
**27,075.03**|
|---|---|---|
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Page 10
## **Appendix 6 - Balance Sheet as at 31 March 2024**
|**Balance Sheet as at 31**|**March 2024**|||
|---|---|---|---|
|||**2023-24**|**2022-23**|
||**Private**|**Consolidated**|**Consolidated**|
||**Fund**|||
|Fixed Assets||-|-|
|Current Assets||||
|Bank & Cash|12,019.95|12,019.95|26,975.03|
|Staff Loans|-|-|100.00|
|Current Liabilities||||
|**Net Assets**|**12,019.95**|**12,019.95**|**27,075.03**|
|**Funds of the Charity**||||
|Restricted|-|-||
|Unrestricted|12,019.95|12,019.95|27,075.03|
|**Total Funds**|**12,019.95**|**12,019.95**|**27,075.03**|
Page 11
## **Consolidated Income & Expenditure to 31 March 2024**
## **Balance Sheet as at 31 March 2024**
|**Funds**
**Restricted**
**Unrestricted**
**Income**
**Fund**
Income from St Francis House
19,300.00
19,300.00
Miscellaneous Income
-
-
Grant Income
-
-
-
Parental Donations
7,705.00
7,705.00
Funds on conversion to charity
-
Net Charity
1,957.44
-
1,957.44
-
**25,047.56**
**-**
**25,047.56**
**Expenses**
Refreshments for Governors meetings
-
-
Refreshments for Visitors
-
-
Refreshments for Staff
-
-
Uniform
1,444.06
1,444.06
Gifts
87.67
87.67
Other
99.65
99.65
Audit Costs
680.40
680.40
St Francis House
5,188.00
5,188.00
Christmas Gifts to Children
608.17
608.17
Activities For Children
1,762.19
1,762.19
Wraparound care for children in need
-
-
Funds paid to school
30,000.00
30,000.00
Insurance
-
-
Professional Fees
-
-
Bank Charges & Admin
-
-
Parental contribution
120.00
120.00
Tea Time & Breakfast Club
112.50
112.50
**Sub total**
**40,102.64**
**-**
**40,102.64**
**Surplus / (Deficit)**
**15,055.08**
**-**
**-**
**15,055.08**
**-**
Balance b/f
27,075.03
27,075.03
**Funds Carried FWD**
**12,019.95**
**-**
**12,019.95**|**2023-24**
**2022-23**
**Consolidated**
**Consolidated**
**Private**
**Governor**
**Fund**
**Fund**
19,300.00
21,800.00
Fixed Assets
-
-
529.79
-
-
Current Assets
7,705.00
3,165.00
Bank & Cash
12,019.95
-
-
Staff Loans
-
1,957.44
-
2,058.53
Current Liablities
**25,047.56**
**27,553.32**
-
-
**Net Assets**
**12,019.95**
**-**
-
-
-
-
**Funds of the Charity**
1,444.06
1,014.46
Restricted
-
87.67
-
Unrestricted
12,019.95
99.65
647.71
680.40
630.00
5,188.00
4,008.00
608.17
-
1,762.19
1,550.00
-
-
30,000.00
-
-
**Total Funds**
**12,019.95**
**-**
-
-
-
-
120.00
112.50
**40,102.64**
**7,850.17**
**15,055.08**
**-**
**19,703.15**
**19,703.15**
27,075.03
7,371.88
**12,019.95**
**27,075.03**|**2023-24**
**2022-23**
**Consolidated**
**Consolidated**
-
-
12,019.95
26,975.03
-
100.00
**12,019.95**
**27,075.03**
-
12,019.95
27,075.03
**12,019.95**
**27,075.03**|
|---|---|---|
CHARITY COMMISSION
FOR ENGLAND ANO WALES
Independent examiner's report
on the accounts
Section A
Independent Examiner's Report
Report to the
trustee8ldire¢torsl
mombefs of
St Francis, Fund (Newham)
On accounts for the year
ended
31st March
2024
Charity no.:
1173650
Company no.:
Set out on pages
14
Respective
responsibilitles of
trustees and examiner
The trustees (who are also the directors of the company for the purposes of
company law) are responsible for the preparation of the accounts in
accordance with Ihe requirements of the Companies Act 20061"the 2006
Act")
The charity's trustees consider that an audit is not required for this year
under Part 16 of the 2006 Act and that an independent examination is
needed. IThe charity's gross income does not exceed £250,000] and l am
qualified to undertake the examination by being a qualified member of The
Association of Accounting Technicians.
11 is my responsibility to..
examine the accounts under section 145 of the Act,
to follow the pro¢edures laid down in the general Diredions given by the
Charity Commission (under section 145{5}{b) of the Charities Act, and
to state whether particular matters have Gome to my attention
Basis of Independent My examination was carried out in accordance with general Directions given
examiner's statement by the Chanty Commission. An examination includes a review ofthe
accounting records kept by the charity and a comparison of the accounts
presented with those records. It also includes consideration of any unusual
items or disclosures in the accounts and seeking explanations from the
trustees conceming any such matters. The procedures undertaken do not
provide all the evidence that would be required in an audit, and
consequently no opinion is given as to whether the accounts present a 'true
and fair, view and the report is limited to those matters set out in the
statement bèlow.
IER
Dec 2019
Independent In connection with my examination, no material matters have come to my
examiner's statement attention which gives me cause to believe that in, any material respect..
• accounting rècords were not kept in accordance with section 386 of the
Companies Act 2006., or
. the accounts do not accord with such re¢ords- or
. the accounts do not comply with relevant accounting requirements under
section 396 ofthe Companies Act 2006 other than any requirement that the
accounts give a 'true and fair, view which is not a matter considered as part
of an independent examination., or
.the accounts have not been prepared in accordance wtth the Charities
SORP (FRS102).
I have no COnrnS 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.
Please delete the ¥vords in the brackets if they do nol apply.
Signed:
Date..
Namè:
Relevant professlonal
quallflcation(s) or body
lif any):
MAAT Imember Association of Accounting Technicians)
CIMA Adv Dip MA (Chartered Institute of Management AcCountants-AdVand
Diplomal
Address:
Rupert Jones Finan Limited
Ripple Centre, 121-125 Ripple Rd
Barking, Essex IG11 7FN
JONES FINANCE LIMITED
121 125 Ri
el.. 0203 137 9335
wMY.rupertjonesfin8nGe.co.uk
IER
Dec 2019
Section B
Disclosure
Only complete if the examiner needs to highlight material matters of concem
(see CC32, Independent examination of charity accounts.. directions and
guidan for examiners).
IER
Dec 2019
Give hero brief detsils of
any items Ihat the
examiner wishes to
disclose.
Recommendations.. -
none
IER
Dec 2019