OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-03-31-accounts

St Francis’ Fund (Newham)

St Francis’ Catholic Primary School

Bow Street London E15 1HD

Trustees Annual Report

For the period 1[st] April 2024 to 31[st] March 2025 Registered Charity number 1173650

The trustees present their annual report and financial statements of the charity for the accounting period 1[st] April 2024 to the end of 31[st] March 2025. The financial statements have been prepared in accordance with the Charity Commissions accrual accounts (CC17) – SORPS FRS102.

Table of Contents

Reference and administration information ............................................................................................ 1 Trustees ............................................................................................................................................... 1 Structure, governance and management ............................................................................................... 2 Risk Management ............................................................................................................................... 2 Reserves Policy .................................................................................................................................... 3 Grant Making Policy ............................................................................................................................ 3 Objectives and Activities ......................................................................................................................... 3 Achievements and Performance ............................................................................................................. 4 Alleviation of financial hardship ......................................................................................................... 4 Maintaining the school house ............................................................................................................. 4 Financial Review ...................................................................................................................................... 5 Review of the Charity’s financial position at the end of the period ................................................... 5 (SORP Para 1.21) .................................................................................. Error! Bookmark not defined. Appendix 1 – Income & Expenditure to 31/3/2025 ................................................................................ 6 Appendix 2 – Balance Sheet as at 31/3/2025 ......................................................................................... 7 Appendix 3 – Trial Balance 31/03/2025 .................................................................................................. 8 Appendix 4 – Bank Reconciliation ........................................................................................................... 9 Appendix 5 - Consolidated Income & Expenditure to 31 March 2025 ................................................. 10

Reference and administration information

Trustees

Trustee name Office(if any) Term of Office Ends
Awele Nkemnacho Chair 04.09.2028
Marian Thorn 29.07.2027
Lois Elias 14.04.2025
Celia Willson 04.09.2027
Omotoke Alabede 31.10.2027
Emmanuel Falusi 18.02.2028
Prudence Rangwanasha 20.11.2027
Joseph Kiernan 17.11.2025
Natasha Scott

Financial Advisors & Auditors

Name Address
Rupert Jones Financial Services
Limited		 125 Ripple Centre, Ripple Road, Barking, Essex,
IG11 7FN

Bank

Name Address
Barclays Bank UK PLC 1 Churchill Place, London E14 5HP

Page 1

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. The charity funds are the voluntary funds of St Francis’ Catholic Primary School, Bow Street, London E15 1HD. These funds have been registered with the Charity Commission because 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.

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. Trustees must be quorate in line with the rules of the St Francis’ governors meeting rules. Finances in the Charity bank account are monitored as part of the School’s Finance Committee meetings and reported at the School’s full governing body meetings once a term. There is also an annual meeting. No additional meetings have been held in this period.

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 form and withdraw from decisions where a conflict of interest arises. All trustees give of their time freely and no trustee remuneration was paid this year. Details of trustee expenses.

The Head Teacher declared that her husband’s company Xenogenesis supported the Year 6 residential course.

Risk Management

The trustees have considered the major risks to which the charity is exposed and have reviewed those risks and established systems and procedures to manage those risks.

Page 2

Reserves Policy

The trustees aim to maintain free reserves in unrestricted funds in the bank account. The aim 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.

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 :-

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 for the public benefit have been as follows: (SORP Para 1.17 and 1.19)

Page 3

Achievements and Performance

Alleviation of financial hardship

Thirteen pupils in were able to receive new school uniforms.

Maintaining the school house

Maintenance has taken place on the school house during this period as follows:-

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.

The rent charged continues to be in line with the rentable value of a property of this size in this area as advised by the property agent.

Page 4

Financial Review

Review of the Charity’s financial position at the end of the period

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:

The Charity spent:

Page 5

Appe n dix 1 – Income & Expenditure to 31/3/2025
St Francis's Catholic School Monthly Income/Expenditure April 2024-March 2025
Category April May June July August September October November December January February March Total
Income
St Francis Hse 2,050.00 2,050.00 2,050.00 2,050.00 2,200.00 2,200.00 2,200.00 2,200.00 2,200.00 2,200.00 2,840.00 2,300.00 26,540.00
Charites - 900.61 54.86 - - - - - 341.86 6.00 666.30 - 1,969.63
Debtors - - - - - - - - - - - - -
Parental contribution 225.00 165.00 210.00 235.00 - 70.00 240.00 180.00 280.00 80.00 320.00 80.00 2,085.00
Misc - - - - - - - - - - - - -
-
Total Income 2,275.00 3,115.61 2,314.86 2,285.00 2,200.00 2,270.00 2,440.00 2,380.00 2,821.86 2,286.00 3,826.30 2,380.00 30,594.63
Expenses
Donation to school - - - 10,000.00 - - - - 10,000.00 - - - 20,000.00
School uniformpayments - - 96.99 130.10 - 260.60 145.47 1,342.48 - - - - 1,975.64
Fundspaid to School - - 505.48 - - - - - - - - - 505.48
Gifts - - - 163.65 - - - - - - - - 163.65
Christmas Gifts to Children - - 477.28 - - - - - - - - - 477.28
Tea Time & Breakfast Clubpayments - - - - - - - - - - - - -
Debtors - - - - - - - - - - - - -
St Francis Hse 180.00 - - 66.00 - 708.00 - - - - 2,478.00 - 3,432.00
Charity collections - - 1,418.14 - - 955.47 - - - 347.86 - 666.30 3,387.77
Parental Contribution - - - - - - - - - - - - -
Activities For Children - - 1,045.00 - - - - - - - - - 1,045.00
Other 3.43 2.51 3.20 3.58 - 1.07 3.66 2.75 5.93 1.31 4.88 1.22 33.54
Audit Costs - - - - - - - - - 684.00 - - 684.00
Bursaries - - - - - - - - - - - - -
Total Expenditure 183.43 2.51 3,546.09 10,363.33 - 1,925.14 149.13 1,345.23 10,005.93 1,033.17 2,482.88 667.52 - 31,704.36
Balance Income - expenditure 1,109.73
-

Page 6

Appendix 2 – Balance Sheet as at 31/3/2025

----- Start of picture text -----
Balance Sheet as at 31 March 2025
2024-25 2023-24
Private Governor Consolidated Consolidated
Fund Fund
Fixed Assets - - -
Current Assets
Bank & Cash 10,910.22 10,910.22 12,019.95
Staff Loans - - -
Current Liabilities
Net Assets 10,910.22 - 10,910.22 12,019.95
Funds of the Charity
Restricted - - -
Unrestricted 10,910.22 10,910.22 12,019.95
Total Funds 10,910.22 - 10,910.22 12,019.95
----- End of picture text -----

Page 7

Appendix 3 – Trial Balance 31/03/2025

----- Start of picture text -----
Trial Balance @ 31 March 2025
Debit Credit
Income
Francis House 26,540
Charites 1,970
Debtors -
Parental contributions 2,085
Misc -
Expenditure
Donations to School 20,000
School uniform payments 1,976
Funds paid to School 505
Gifts 164
Christmas Gifts to Children 477
Tea Time & Breakfast Club payments -
Debtors -
St Francis Hse 3,432
Charity Payments 3,388
Parental Contribution -
Activities For Children 1,045
Other 34
Audit Costs 684
Bursaries -
Balance Sheet
Bank 10,910
Reserves 12,020
TOTAL 42,615 42,615
----- End of picture text -----

Page 8

Appendix 4 – Bank Reconciliation

----- Start of picture text -----
Bank Reconciliation 31/3/2025
Balance as per Bank Account Statement 12,405.38
Balance as per cash book 10,910.22
Difference 1,495.16
Less Unpresented Cheques
1,495.16
1,495.16
Add Deposits
0.00
Total (1,495.16)
----- End of picture text -----

Page 9

Appendix 5 - Consolidated Income & Expenditure to 31 March 2025

----- Start of picture text -----
Consolidated Income & Expenditure to 31 March 2025
2024-25 2023-24
Funds Restricted Unrestricted Consolidated Consolidated
Income Fund
Income from St Francis House 26,540.00 26,540.00 26,540.00 19,300.00
Miscellaneous Income - - - -
Grant Income - - - - -
Parental Donations 2,085.00 2,085.00 2,085.00 7,705.00
Funds on conversion to charity - - -
Net Charity - 1,418.14 - 1,418.14 - 1,418.14 - 1,957.44
27,206.86 - 27,206.86 27,206.86 25,047.56
Expenses
Refreshments for Governors meetings - - - -
Refreshments for Visitors - - - -
Refreshments for Staff - - - -
Uniform 1,975.64 1,975.64 1,975.64 1,444.06
Gifts 163.65 163.65 163.65 87.67
Other 33.54 33.54 33.54 99.65
Audit Costs 684.00 684.00 684.00 680.40
St Francis House 3,432.00 3,432.00 3,432.00 5,188.00
Christmas Gifts to Children 477.28 477.28 477.28 608.17
Activities For Children 1,045.00 1,045.00 1,045.00 1,762.19
Wraparound care for children in need - - - -
Funds paid to school 20,505.48 20,505.48 20,505.48 30,000.00
Insurance - - - -
Professional Fees - - - -
Bank Charges & Admin - - - -
Parental contribution - - - 120.00
Tea Time & Breakfast Club - - - 112.50
Sub total 28,316.59 - 28,316.59 28,316.59 40,102.64
Surplus / (Deficit) - 1,109.73 - - 1,109.73 - 1,109.73 - 15,055.08
Balance b/f 12,019.95 12,019.95 12,019.95 27,075.03
Funds Carried FWD 10,910.22 - 10,910.22 10,910.22 12,019.95
----- End of picture text -----

Page 10

cOn￿lId•t￿ Incomt & Expendiwreto31 M¥tth 2025 201ty25 2025-24 Consolldated Consolldated F¥nd5 Fund 26,540.00 Restrf¢ted Unre5trlctèd IncornÈ Income frtrm St Frands House Mlscellèneous Income Grènt Incor Pèrental Oonatlons Funds on conversloThto ¢harlty Net Charlty 26,540.00 26,540.00 19,300.00 2,085.00 1.085.00 2,085.￿) 7,70S.00 1.418.14 1,418.14 1,418.14 1,957.44 27306.86 17,2D6.86 27,Z06.86 25.047.56 Refreshmentsfor Govemors meeUn8S Retreshmentsfor Vlsitors Reffftshmentsfor Staff UnKomi Glfts Oth2r Audlt Costs St Frands Wouse Chrlstmas Gift5 to Chlldren Activlties For Chlldren Wraparound care forrhlldren In n¢¢1 Funds p3ld tg schaol Insurance Professlonal Fees Bank Char8es & Adrnln Pafftrttal contrlbutlon Tea ￿me & Breakfast Club Sub totll 1,975.64 163.65 33.54 684.00 3.432.00 477.28 1,045.00 1,975.64 163.65 33.54 684.00 3,432.1)0 477.28 1,045.00 1,975.64 163.65 33.54 684.00 3,432.00 477.28 1,045.00 1,4U.06 87.67 99.65 680.4D 5.18B.OQ 608.17 1,762.19 20,50S.48 20,505A8 20,505,48 50,000.00 120.00 112.50 40,102.64 28,316.59 18?16.59 28,516.59 $￿ph￿l I1>efic￿l 1,109.73 1.109.73 1,109.73 15.05S.08 B8l•nce Wl 12.019.95 12,019.95 IZ,019.95 27.075.03 Ftsndscarrkd FWD 10.910.22 10.910.12 10,910.22 12,019,95

8% 8 88 8 8% 8

n<eSheBta5Jt31 M•rt* 21)25 2024-25 2013.24 GDveihOr consol￿ated CorfjvndD Fund pr￿le Fund FhxÈdAgs•ts Curonttssets Bank & Cash StaH L03Tr5 ID,910.22 10,gID,22 12,019.95 CurrentLKBtrAlltles NOrA￿ets 10,910.22 1i91th22 11019.95 Fum1soltheChailty Restilcted Unfe5trlcted 10,910.22 10.91022 12,019.95 Y¢tsi Funds I￿910.21 10.91ThZ2 12,019.95

Trial Balance 31 March 2025 Deblt Credit In¢omo Francis House Charltes Debtors Parental contrlbutions Mlsc 26,540 1,970 2,085 Expendlture Donatlons to School School uniform payments Funds pald to School Gifts Christmas Gifts to Children Tea Time & Breakfast Club payments Debtors St Francis Hse Charity Payments Parental Contribution Activitie5 For Children Other Audit C05ts Bursarie5 20,000 1,976 505 164 477 3.432 3,388 1,045 34 684 Balance Sheet Bank Reserves 10,910 12,020 TOTAL 42.615 42,61S

Bank Reconciliation 31 2025 Balance a5 per Bank Account Statement 12,405.38 Balance as per cash book 10,910.22 Dlfference 1,495.16 Less Unpresented Cheques 1,49S.16 1.495.16 Add Deposits Totsl IIA95.161

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trusteesldirectorsl members of St Francis, Fund (Newham) On accounts for the year ended 31$t March 2025 Charlty no.: 1173650 Company no.: Set out on pages 14 Respective responsibilities of trustees and examiner The Irustees (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 the requirements of the Companies Act 2006 {"the 2006 Acl'}. 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. tThe charity's gross income does not ex￿ed £250,000] and l am qualified to undertake the examination by being a qualified member of The Association of Accounting Technicians. It is my responsibility lo-. examine the accounts under section 145 of the Act, to follow the procedures laid down in the general Direclions given by the Charity Commission (under section 145{5)Ib) of the Charities Act, and to state whether particular matters have come to my attention Basis of independent My examination was carried out in accordance with general Directions given examiner's statement by the Charity Commission. An èxamination includes a review of the 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 concerning any such matters. The procedures undertaken do not provide all the evidence thal would be required in an audit, and ansequently 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 below. IER Dec 2019

Independent In connection with my examination, no material matters have corne to my examiner's ststement attention which gives me cause to believe Ihat in. any material respect.. accounting records were not kept in accordan￿ with section 386 of the Companies Act 2006,. or . the accounts do not accord with such records. or the accounts do not comply with relevant accounting requirements under section 396 of the Companies Ad 2006 other than any requirement that the accounts give a'true and fair, view which is not a matter Gonsidered as part of an independent examination-, or .the accounts have not been prepar8d in a¢cordance with the Charitl8S SORP {FRS102) I have no COn￿rnS 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 words in the brackets rf they do not apply. Date: Slgned: oifv, Name: KCN PVPL Relevant professional qualificationls) or body lif any): MAAT (Member AssOCl3tion of Accounting Technicians) CIMA Adv Dip MA (Chartered Institute of Management Accountants-Advanced Diploma) LIMITECt Address: Rupert Jones Finance Limited Ripple Cenlre, 121-125 Ripple Rd Barking, Essex IG117FN 121- 125 Ripple Road, Barkin 3 1379335 info ru ert"onesfinan W4.wpertjonesfinance.co.uk IER Dec 2019

Section B Disclosure Only complete if the examiner needs to highlight material matters of Gonc8rn (see CC32, Independent examination of Charity a¢¢ounts: directions and guidan￿ for examiners). IER Dec 2019

Give here brief details of any itsms that the examiner wishes to disclose. Recommendations: _ none IER Dec 2019