## **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<br>Limited|125 Ripple Centre, Ripple Road, Barking, Essex,<br>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 :- 

- Purchase of school uniform. 

- Supporting year six pupils on the residential trip with the provision of an additional adult. 

## **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) 

- Supporting children in need with the purchase of new school uniform. 

- Providing a small Christmas gift to every pupil in St Francis’ School. 

- Maintaining the school house, which although not owned by the charity, the rent receipts are paid into the charity account.  The house is let on the commercial letting market. 

- The Charity paid for additional adult support at a Year 6 pupils at a residential course. 

- Donations to other charities as a result of fund raising by the pupils of St Francis’ school. 

- Donation to St Francis’ School for the benefit of all pupils. 

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:- 

- Gas safety check. 

- PAT test completed (Portable Appliance Testing). 

- A carbon monoxide alarm was fitted. 

- A privacy fence was fitted. 

- The gutters were cleared 

- The oven repaired. 

- A new washing machine was provided because the previous one brokedown. 

- 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 February 2025. 

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:** 

- £26,540.00 income from the school house. 

- £1,969.63 was raised for various charities. 

- £2,085.00 was raised from Parental Contributions. 

## **The Charity spent:** 

- £1,975.64 - to support vulnerable families with the purchase of school uniform. 

- £3,432.00 - to maintain the school house. £1,704.00 was spent on renewing the tenancy agreement and £1,728.00 was spent on maintenance and safety checks. 

- £930.00 - on additional adult support the Year 6 residential week. 

- £33.54 – on service charges and vat to online payment platform. 

- £684.00 - Auditor costs 

- £20,000 – donation to St Francis’ School 

- £477.28 – to provide a Christmas present to every child in school. 

- £3,387.77 – was paid out to charities chosen by the pupils of the school to support. This is more than was collected in the current year because there were monies collected in previous years that had not been paid out. 

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**<br>**-**|



Page 6 



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


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


Page 7 



## **Appendix 3 – Trial Balance 31/03/2025** 


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


Page 8 



## **Appendix 4 – Bank Reconciliation** 


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


Page 9 



## **Appendix 5 - Consolidated Income & Expenditure to 31 March 2025** 


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


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