REGISTERED COMPANY MUMBER.. CE010518 (England and Wales) REGISTERED CHARITY NUMBER.. 1184877 IIEPORTOF THE TRUSTEES AND FINANCIAL STATEMENTS F¢Yi THE YEAR ENDED 31 MARCH 2024 FOR WILSON% SCHOOL FOUNDATION CIO GW LLP Stalutory ditor Stwlin9 HtXJSè 27 Hatd4ands Ro&J Redhfil Surrey RH16RW
WILSON'S SCHOOL FOUNDATICIN CIO CONTENTS OF THE FINANCIAL STATEMEp¥rs FOR THE YEAR ENDED 31 MARCH 2024 Pag• Report ofth• Tnffjt¢•s Report of the Ind•ndntAdItQV¥ 4 10 7 Statsm•nt of Flnancbal AcllvStl Balanc Shlèt 9 to 10 Not to th• Flnancld Stat#mgnt• 11 10 14 D•tall•d Ststgrnent of Flmndal Aewvlll 15
LSOWS SCHOOL FOUNDATION CK) REPORT OF THE TRUSTEES FOR THe YEAR ENDED 31 MARCH 2024 The trustees. who are a180 directors of the ¢harity tor the puffjy)5es of the CMPanieS Act 2(X)6, prewl their report with the financk81 slatem&nts of Ihe tharity for the year ended 31 March 2024. The trLslees have adopte<l the proMsior6 of Ac0xtiry and Repryting by Chanties.. Statement of Recomrnend8d Practice appsubl? to charit5 Fveparing jnts in 8¢wdance with tho Finonryd ReportSng Standard applic8ble in the UK and RerA1t1c ol IaTh IFRS 1021 leffective 1 JarKary 20191. 08JECTIVES AND ACTIVITIES Aims and oblKtives The aim and objectsve of Ihe F(xjNlalJn is to make granls wdilatle to Wilson'3 io SUFPOrt short term Tunning costs and kjngertemi caixlal proje. FINANCIAL REVIEW Flnanclal R•vlow Duriro the current yeai thts made 0)naticS of 39.861 12023.'£2,284,6031 tts Wi180n's Srknol. This irduded agsstwtce W+ilh I pro1ts, wtinUati¢ of the Teach al Wll$on's xhem8 and the cost of the developm1 offic¢. prfnapd 0$80ts ofthe Fcyjndation sdh)d atCamtThWI and WdlSThJtM. Tha bulhthr@ in C8ft?beAI is shrywn as an inv•stsnt property in the awounts at 8 Ve detsmiined by Seb¢lSurv Ltd. Ch8rt8red Suryeyors, in 2020. The building is currently leased to tenants 8 lease whlch expims in 2Q73. The renlal Income of Ihe proFffj dtxir#J the year was £250.oL fd10lng a rent rethew operational from Decgmber 1999. thè terms of ase tht5 was a 25 y&ar rnnt mVi9w wilh thls r8nt81 now being fixed until 24, Th8 FJ[et?n 18 cwrenty th thtr wcthss ofccfiductr'n9 8 ront review. The Wallington BuSklir#J. Wtlson's S¢h¢ol. is SI1n as a fixèd 88set. The valu¥ In the xcount5 represents the hi810ri¢81 cost of the contribubon 8 m&J& by ty5Stees IrdS th9 ¢051 of ts now school in 1974 together wth certain tterns of¢8pitsI expenditur8 Swrr¢d since Ihat dat•. Depw'8tion has been charged sin 1995. The Statement ol Finarrial Actiw'lhis $how5 Ihal Ihe derives ils in¢omp Irorn the rentsl ol the Cambèrw811 builth'ng togelher ¥ilh a small amount of irNestment In¢m. After charging an awopriate amount for d•pre¢iation and admiThStrath ¢he statemant 5h0¥%3 net incoming $oUr before Support to WIlscffi'6 Sch c¢ gains Gf to$ on •stnts was £285,467 12023: £274,506). The Iruslees invest any $u5 fvJrKls m sh a way 85 to reflect both Ih? slK)rt term and long temi néeds of Wilson s School. The upcxyning mtal in 2024 neéds careftjl annkn9 and tr)& Ftsundation has sel up a ¢Lynmiittre this purp)se. In recent years lh¢ Vustee5 have effactwdy utihsed th&r (¢sour¢es to s(wort their main thariiable purpose. The InJsige$ wll ¢ontinu8 to m8n8ge Iheir reseNes in a way they can0r will best serve both thè short and k)ng (em needs olWil8on's Sch)ol. There have been no chang98 wi 8¢X4MtitwJ poli$ durrry Ihe y. FUTURE PLANS Wilson s Schcol FndalK)n CIO wll contsrN to Wd8onb S( In both Short tgrrn and for long temi capital projects. STRUCTURE, GOVERNANCE ANO MANAGEMENT Strueturè, Governan and M#naBement The charity is contrdigd by ils go¥amthg i*JaJment. a deed of trusL rnnskns a limitéd (x)mpany. Ilmitéd by guarantee. as defin8d by Ihe Companies Act 26.
IMLSON'S SCHOOL FOUNDATfoN CK) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Wilson's Foundation CIO is a rjwity kJMym 85 WIL8on's Gramm8r FwndatKJn. The charity registered vilh th& Charity CommrAion under the rgwtrabon nLmber 11&4877. The chadty is govgmed by a mpAle on 29 Cttotsr 2C(14. tNst8•s may be apwnted by 8 resolul'on of the trustes. The rhrity has a sub5#Jk8ry dharity. IMLson'$ Sthool TnJst CIO. Sèparate accA)Wts are 5xepargd for Ihls charity. Although th6 trustÉe5 have not caffie(l out 8 torn1 risk remew, tho rnwn risk is ccnsKJgrd to be the ongoing security and terms value of Ihe CnberyKH tAl i{. is mcnitored on a bass. The FoundalK)n tru8tee3 ccfnws• three min8j truste&S. rKminat8d by thè Southwa Dioe8san 8oard ol EdLtstiw and ¢)i& nin#lad by Wilson's SctK)cl. and up to 10 co-optalive tnjslees. The trustees must en9Jr• Ihat Ihe numbèr of INslees we fomier wpils of Ihe 8chool or the forrner Wilson's Grammor Srhcd at can81 in the Lc¢th)n em9h of Sryjthwark Is a majority on the trustee body. REFERENCE AND ADMINISTrATIVE DETAILS Registsred Company numb•r CE018518 lErgIe Walès) ReglBl•r•d Ch•rlty numb•r 1184877 R•gl•t•r•d offlc• Wilson's Sth)ol Mollison Ddve Wallington Surrey SM6gJW Tru•t••8 S On M Craamor• C Pe¢kover J Nichdson J Pearcey D Eynon R Alen D Cooman$ingh Revd S L &llin R Hall M Pilgrfm D TrQmb Audlto GBJ LLP Slatulory Auditor Sleding House 27 Hat¢hlands Roay Redhill Surrey RH16RW
WJLSON'S SCHOOL FOUNDATION CIO REPORTOF THE TRUSTEES FOR ThE YEAR ENDED 31 MARCH 2024 REFERENCE AND ADIthNtSTRAmvE DEfAILS A(Ivls•rs 8ankers- Uoyd5 Hc, 40, &3 H Stre8L &Jikn). SM1 1DT Inv8Strnenl hhanager5- N81thde. NathYTh%Tde Hou¥e. Apers Way, Sthkn). SN38 1NW STATEMENT OF TRUSTEES, RESPONSI8IUTIES The Ifu$tses Ivtho are also the director5 of Wilson's s¢1 FJ1)latIOn CIO for ts FKrposes ol eompary lawl e responsitAe lor pyaring th8 Rewjrt of Ihe Trusw 8nd Ihe finanual staiernents in accordance wth applicable law aThJ United KIryd A(thunting StsTrJard8 (United Inrn Genwaly knJunting PrtLe}. Company kn reqiyres the trustess to prepare fina>l 3taternents finaneid year hthich give a trua and falr wew of Ihe state of affai of the chant9 crpanY and of the irtoming r8sources and apF4ieation ol resources. Including Ihe income eyndibjre. of the ¢haritse cxynpany for that perlod. In preparing those final statsrn•nts. tho trustee5 are rwjifyd to select SLitabl• aceountirrfJ poliaes and than appty them I$ty.. obsoNe the methods and prlkw485 in th8 Ch&rity SORP: make judgernents and 8stim31es Ihat a ffjasonabfe 8fKI prLtht,' prepare h• financial sta¢ements on Ihe wr4J c4XM basis unlw il r6 in8pprcfJrfgte to pr•$um¢ Ih8t the ¢h•ritabb company wll continue n tl$SS. The trustees are resF)n$i¥ lor keeping pn)par 89>nivj records vthKI) dis¢kn¥8 V+ith reasonable at8¢Y at any ts'me th8 finanual rknsitron of thè dori¢abb company and lo gnable trbem io ensure tt781 lh• finanryal stalem8nls ¢omply 1th the Companies ALt 2C#)8. They we 8180 responbL• for safèguarding the assets of the charitsble company and he& for 1gkff¥J rea¥ry48 St8p8 tho provenbon and detedon of ff¥ud and othèr irregularities. In so lar8s tt)è tnJste85 a ra.. th8r8 is no ralevant 8uth't Infrm)atlon of thich Ihe charl0 companls audttors arg unawar•', and the Irusle8s haw taken all steps that Ihoy ought to hav8 taken to m$ke themsdves aware of any relevant audit inlormalm and io est8tyIsh that the 8r¢ aw8re of Ihat infom)8Ign. AUOITORS The audits, G&J LLP, wll w¢g05ed for r84FPC)trMnt at Ihe forthccfflin9 Afinl General Me8ting. Approved by order of the board oftru5tees on 25 Novwnt)er 2024 aTrJ signed on its tehaff by.. Trustee
REPORT OF THE INDEPENDEPff AUDITORS TO THE TRUSTEES t WILSON'S SCHOOL FOUNDATION CEO Opinion We have audited the finanryal statemènts of Witson's Scfv)ol Foundatirn CIO (the 'charitable compan) fr)r the year ended 31 March 2024 vknich C(7$e the Slatement of Financial Acts"wties. Ihè Balan Sheet and notes to finanrial statements, Trnduding a st4nmary of &9nthcant accountiro poliaes. The fin8niaal reporbng framewod( that ha5 been aled in th&r pY8paration ss applicalle law aThJ United r@doM Accounlng Standards (Unrted lfjngdom Gen8T8HyActopted AccounbrrfJ Pra¢ticg1. In our opisth)n the finanri81 statements: give a and faw trw ot the slale of Ihe tharikbbe COmS affairs as at 31 March 2024 and of its lrttsmsrrfJ resource$ and applicab.on of resour, srKaLOi tts incorne and expenditu, for the year th ond8d', . have been wopedy wpared in xcnrdanc¢ Uniteil Ic Gener8Ity Accepted Acoyjntrng Pracllc&'. and . have be8n preparnd in acran¢¥ wth the rgwiremenis oflh6 CleS Act 2¢))6. Bash for oplnlon We conducted our auth't in accordanc• vilh Intern11 StaTrJards on ALhaibng IUKI {ISAs IUKII 8nd appli¢8ble law. Our SponsIbl11eS vndef those stamkrds are further describ8d in lh¢ Auditors, responsibilitk8s for th? audit of the finarrial $tents secOn of tyjr rwrt. We are independent ol th¥ ch8rilabig ¢>ynpary in accordance lIh the ethical reqrtMents that are ¥elevant to our audit of the financial slatem8nls * th$ UK, duding the FRCS Eth Slandd. #nd wè v¥ fvffilled our olher èthical re5wnsibilities in accordarte wilh these requlrements. W• b th ts autht e¥Ad8n¢o wo obtsined 15 sufficient and approwa¢g to provide a b$ lot Conclu8lon8 rdJUng to golng Conrn In 8udiling thè financial stslements, have TryK4 Ihat thè tr)J$t¢g¥' u¥e of the wng cone8m ba$18 of accountin9 in Ihe prepara1n ol thè fin8rKtal stalements ts 8FWOm¢. Based on the have p8rfomi¢d, have not Idsntifiod y material uncertsints.es rd8ts.ng to events or conditions that, indivkjually or colw, may cast signrf¢cant LY) th& dK4ritatrAe companys ability to ¢tsniinue 83 a goirvJ ¢>)nc8m for a pe1 ol at m¢¥ frcffl the finandal statomenls are aulhorised for Issu8. OUT responsIlI$ and rtW5iblllth of ts tru8t•os %%ith respect trj LKJlro fxyYAm are descrtbed In th8 revant $0¢'m8 ol Ih¢5 report Oth•r Infomiatlon Tho trU¥ts are pOnSIble for ts other Infrmation. Th other infNmation compris8s th• inlormalion Induded in th8 Annu81 R•p)rL oLher than th& fin8nrJal statements 8ThJ tyjr R8p)rt ol the Independent Auditors Ihereon. Our opinion on the finanoal 51alernents noi ¢o¥¢r Ihe infonnath"c and, gxcepl to th8 extent expliauy 51aled in our repm, do rle¥e$S Ony fomi of 8wrance condu&on theroon. In conneelth with our audit of Ihe fin8n¢ial 3¢8tements. our respwblity 1$ to read the other Information aThY, in dThng so, consider whètt)èr Ihe other infom7ation is rnakrially inconsistent Y¢ith the financi statements or our kno%edge obtained in the audii or othwlSe appeats to be materi81ty misstaled. 11 idèntify suth materFal InconStene1s or apparent rnateri misstarnenls. we we requwed to detèmine whether thls glvos ris• to a rnalerial mi6Statem6nt in the narlI slatemerrt5 th8msefves. It, based on the yrk we have perfomied, condude Ihat lhe is a material misslaiement of this oth8r Infc*Mab(, we are required lo faport Ihal 18ct. We have nothing lo rowt w) Ihis rewd.
REPORT OF THE INDEPENDENT AVDrroRS TO THE TRUSTEES OF WILSON'S SCHOOL FOUNDATION CIO Matt•rs on which w• are requlfed to rport by •xegW)n We have nothing lo report in re5p8cI of Ihe fdlowffig matters kn the Cha{e$ IAcccJnis and Reports) Regulations 2008 requites us to reFX)rt tts rf. in our otmnion.. the infomation given in tho Repcrt of the TnJste85 is irKonsthnt in arry material respect ¥Mlh th& finanth statements", or Ihe charilalle company has not &Yequate a(zcwtiThJ records.. ¢x Ihe finart181 st8t8rn8nts are not in agreement with the accounting records retums.. or we have not received all the inlm8tion aThY eWanabcis require for our 8lhYit R•spoMibiliti48 ol tru•t•¢$ As explained more lulty in the &atemenl of Trustees. Res[y)lI1$ti5. the JSt8eS Ivtho are also the dlrectors of the charitsbl& ¢ornpany for the wrw58s of crmpany lawl are respc¥)s1e tr the preparation ol financial staiements and fc¥ b&ng 5absfied thai they 9Ne a truè 8fKI fair w8w. and for such intemal control as Ihe trusteès dotermin8 is necessary to 8nabl8 ts pTepWatic of finanoal $t810rn8nts that a free from material misstatement. vhther dus to fraud or error. In preparing the financial Statem1$. the truste8s arn rnspw$Ll¢ for asse85iTVJ the Chatae companys ability to contiftL as a going ejjrtem. disdong, as *ic8bl8. matters rdaled to go19 ar using the going corKem ba$ of 8ccounJng the trustees &th8r int8nd to liquidate th8 charitatJ8 company or to c8ase opwatw. or h8ve rKJ realistic 8ltem8ti¥9 to do so.
REPORT OF THE INDEPENDEfvtr AUDITORS TO THE TRUSTEES OF WILSON'S SCHOOL FOUNDATION CIO Our responslbilltlgs for the audk of the financial statements We have been appointed a5 aL&iors Secbtsn 144 of the Charities 2011 and rep(xt in 8ccordan¢e wlth the Act and relevant regulations rn thereunder. Our objectivgs are to obtsin rea50nth aswrance thl vrtthr Ihe fir>an(xal stalernents as a whde are trea from material misstatemenL whether (hje lo fraLxI CY em)r, and lo iswe a Report of the Indendent Auditors at illcludes our opini. Reasona¢ assurance Is a high level of assurance, but is not a guarantee that an audit Conduct in acr£Jrdance Mlh ISAS IUKI wll atways delecl a material misst8tern8nt when it exists. Misstatements can arise from fr8uI or er a 1xSKIe[e material il. indimdually or in the aggregate. they CCld reasonably expected to Mffluerte the &cmmic deogons ol us•ts taken on the basis of these financwl staternents. The exknt to whi¢ our procedffts ar& ¢ap Ofdetr£ irre¥r[b?5. Induthng Iraud is detaled teknv.. IrregUritieS, includiryJ fraud. ae Insirn of Trjn•Q)mia1 wilh law5 and regulaticns. We design procedures in linè wth ow reSp(bbe$. (¥JUined above. to doie¢t material misstatemont3 In respect of irregulariti83. including fraud. IIMng to the inhewt limilations ol an audit, therè 18 an unavoidable risk that material rnisstatenwnts ¢n thè f¥)anryal ststements rnay not be dèt¢¢tsd, fftn though the audit property planned and ¢rfne n awDrdance bwth thè ISAS IUKI. Th$ extont to thich our PTwedur8s ar• ¢ap& ofdelecting iTegtJaritse$, IndudlrvJ fraud is detred teknv.. We enquired of management the Charity's pc4hYes and procwlw05 Td8ting lo: - the Identificati, evaluati and compliancè ¥th laws 8nd regulats"ons'. - the delectson and mspYJns¢ to the riths ol fraud". and - th oslablishrnent of inÉemg1 o)ntrds to ffliligate iisks related lo frgLxI or ThJfvcomfAlance laws and regul8ts'ons. The Challty 15 subject to many kns 8nd Tewlations %%ther& th& of nortllcompjiance eould hav materlal on arnounts or thsdowrns in the finan¢Jal statements. W6 idMu"fied the follo%%ing laws and regulations as the most Itk8ly to have a rnaterial effeci if n¢)n-comlanCe were lo occur,. Unltad .d¢M Generaty A¢c•pted AccounliTrJ PractKe. tho cOmnIe5 Act 2006. the Charilas tst 2011. tsx legislalon, 8nts'-bribery bg1SlIon. GDPR and wnF4oyment law. We as8gwded the suscAptrbillty ol Ihè Ch8riVs fina81 ststements to mHt¥rial ml3ststement, indudlro how fraud might occur, by tvaluats'ng rnanagement's In¢•nbves and opporbjntbes for manipulatwjn ol ihe financial $laternenls. Thiy inclLded tha uation of the of Ma9ml ovwridg of contrd8. We datM1•d that the principal risks were in relatNYTr to: . rèv¢nu? recognition an¢J C81nesS 01 debtors . aUthoS81¥)n of PUf¢h#8è3, donal)ns and compness ofc¥wJitcrfs . potsntk91 rnanagement tria$ M) dthmimiirfj acciMmtir4J estimat•s It is the audit partnerfs as5essmenl Ihal Ihe aL#lit le colle¢Dwly had aFte C4JrnP8t8nu and cap8bilib.ts to Klentify or Tecognise non-compliance wlh law3 and WLdations. Wè obt8in8d xn understanding of Ihe Ch8rity5 operati$. Iuding th• natrJr• d its menue s$, products and serwces and ol ils objecb'ves and strale9S to understand Ihe dasses of tr8ns8clions, ac¢ount b8lancs, expected financ4al stateMl (sch)5wes and bugness risks that may rewtt in risks ol rnateri81 misstatement. We also considered the elfeth"¥eness of the Charitys control environmènt to idantify and pr8n1 any irre9ularfties and fraud. A further deriptI¢ of Oltr SpOnsi1"111es fcf the wdit of Ihe finanod staternents is located on the Finanei81 Reporhng Couneils wpbsrte al vwM.frc.¢xg.ukJauditwespongkntsbes. Thks des¢rtptiM forms part of our Report of the Inde[endentJd[tor$.
REPORT OF THE INDEPENDENT AUDITORS TO THE YRUSTEES OF WILSON'S SCHOOL FOUNDATION CIO Use of our r8P¢Jrt This port is made SAI8ty to the chantable npan$ trustees, as a bjty. in a)))rdance wth Part 4 of the Charities lknounts Repcytsl R8gulatk)ns 3)08. Ir autht has been tkThlortakon so that we Might st81fr lo thè charitatAe ¢ompanrfs trustees thosè mattw5 we to state to them in 8n auditors, rewrt and no 0r purpose. To the fulkst extenl by law. th) not or assum8 resp(sIbilItY lo anyone other thwt thè th8rite cwpany the d)ariiabb (xmnpanls trvstees as a body, for our audit ark. for Ihis rewrL or forthe Iwe fryrn&Y. GBJ LLP Statutory Auditrx Eligible to act as an al1 in tenns of Sth 1212 oftt Companie5d 2£6 St8rling House 27 Hal¢hknds Road Redhill Sutrey RH18RW 25 Novgrntw2024
WILSON'S SCHOOL FOUNDATION CIO STATEMENT OF FINANCIAL ACTivmES FOR THE YEAR ENDED 31 AIARCH 2024 2024 Unrèstricted fund Total fvnds 2023 INCOME AND ENDOWMENTS FROM Don8ti¢)n5 and legaues 21,688 21.685 Inva$trn8nt inc¢yne 285.467 274.506 T¢>tal 307,155 296,191 EXPENDITURE ON Charltabl8 a¢tlvEtIo• School SUPFQrt 339,861 2,284,603 Oth¢r 48.719 48,035 Total 388,580 2,332,638 NET INCOMEiiexpENDITURE) 181,4251 12,036.4471 RECONCIUATION OF FUNDS Total fund5 broughi lorward 8,e08,042 10.044.489 TOTAL FUNDS CARRIED FORWARD 8,526,617 8.808,042 The notes frym pwt of Ihese finwal stalwnents
LSON'S SCHOOL FOUNDAMON CK) BALANCE SHEET 31 MARCH 2024 2024 Unr•strlct•d lund Total funds 2023 Not•s FIXED ASSETS T8ngible asset3 Investment propety 80,011 8.000.000 98,627 8,000,000 8.080.fr11 8,098.627 CURRENT ASSETS Debtors Cash at bar 223.521 237,928 223.521 3),839 461,447 574,1eo CREOtTORS Amounts laHlng du9 W71hin year 114.8411 184,7451 NET CURRENT AsseTS S09,415 TOTAL ASSETS LESS CURRENr LIABILITIES 8,528.617 8,608,042 NET ASSETS 8,526.617 8,608.042 FUNDS Unresirfclad funds 8.S26,617 8.008,042 TOTAL FUNDS 8.528.617 8,e08,042 The charitsble company is gniilw lo exemplj'on from audit urts Se¢bon 477 of the Companles 26 for thè yèar ended 31 M8rch 2024. Thè members h8¥8 deted NJti¢o. pur¥J1 to Section 476 of ts Cthnpgws Act 2Cth requiring an audit of Ihw fingnoal stsiernents. The trustees aCkned90 lhr respon"118$ k (al ensuriro that the charitable cOmnY actotij rwds thai eornply S•¢b'ons 386 and 387 of tho Companies NKt 2006 and Ibl preparing financia statements give a true and lair view ol the state of affairs ol the charitable compary as a¢ Ihe end of each finaFKi81 year and ol ils gJWus daficat for 8h finanual year in accordance v•ith Ihe requirem1$ ol sec1$ 394 atKI 395 and whKh oththse comply wth the rgquir¢ments of the Cornpanies Act 20LK rd8tirwJ to finanoal statements. so 1* as applicate to the charitsbl8 company. Thase finanaal Slat•mty h8¥e been audtied rwirernts of Secticn 145 ol the Charitsos kt 2011. notes form part of ihe5e financaal statements continued...
ILSON'S SCHOOL FOUNDATION CIO BALANCE SHEET. colthnued 31 MARCH 2024 These finanaal statements have prepared in ac1)y the pro¥itsions applicatde to eharttablè comparites sutty'ect to tre smaK cornw lMe. rhe finarKial slaterrtents were approved by the Bo*d of Tte&S ¥KI authoriséd f¢Y 1¥sue c 25 November 2024 aTrJ tre signed on ts thr by.. Trustee The notes part ofthese finanual sratoments -1(
wtLSON'S SCHOOL FOUNDATION CIO OTES TO THE FINANCIAL STATEME1& FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POUCIES Basis of prgpaTin9 tho Wnan¢lal statements The financial staternents ol Ihe chwitsble cnY. v4hth is 8 wt4ic b8nefft enbty und9r FRS 102, have teen prepared in attorilarth Ihe Chanb'es SORP IFRS 1021'AttoLmting and Reporting by Chariiies.. Statement of RectsnmeThJed Practs" aPp1Ka) to charibes preparing their accounts in accordan with the FinarKsal Rewxbng awuble in the UK and Republic ol Iraland IFRS 1021 leflective l January 20191,, Finanaal RepoThJ Stsndard 102 'Th8 Financial Reporting Standard 8pplicable in Ihe UK and Reput1 of IrelaThY' and Ihe Compani8s Act 20C6. The finanual statements have been wepared trm'slorica cost conven1. Incom• AJI income recogrysed in th& Slatemenl of finwial N4i¥ibes once Ihe charity has entiuement to the Jnds, il is yobable Ihal the irK)Th 11 be rweNed and the amount be measured relIab. Expenditure Liabilities are 86 gyn(fiNJre as won 8$ thef8 Is 8 I1 or e0nstNd obl)31)n omrnittirrtJ Ihe charity to that expenditure, it is probat$ tt)at a transfer ol econornic benefits will be required in Seemen1 and thg amount of the otA vJab"on can be rneasu rdiably. Expenditure is accounted for on 8n accrvals b"S and has bten ela5snfiod under headin9S that aggregate all cost rolated lo the category. u)sts canr#)t be direc¢ty attributed to pa"08r he8din95 thy hpve been allocated to activiDe3 on a basis con&st•nt usè ol rtSgur¢tr5. Grants offered subject lo cdIon8 vthh hav• not mot 81 the year dats are noted as commitment bjl not 8cuu8d as •xpen¢lDm. Tanglbl• Ilx•d a Assets employed by ¥Mlson'$ ScK<l are stated at )st less dwiakn. Doprg¢ialon 4$ prvvlded 81 rates c8lr)Jlatèd to off the cost less &stim¥W r•¥idl vatye ol each ass81 over its expected useful life as follows.. . FTeehokY buildir¥Js on a swht Iln• l*$over 30 years - Fwhoky land 1$ not deprecialed Inv•8tm•nt woyrty Inveslrnent pr¢)pety is Sho at most recent ¥Uation. Any 89gregate sur5 or deficlt arfsirwJ from changes in fair value is rectynised in the Siatemenlof Financial Acties. Taxa¢lon The ¢h8rity is •xempi from 0)rpakn lax C its dbarilabl• activth•8. Fund accounting Unreslricted funds can be us•d in a¢cordarKe %lh Iho dwrilatle ot4"ectives at the d18cxelon of the trusl8e5. R•sln'ctsd fur$ ¢an ¢Mty be used kn parbcLAar resb7ctr PLryS¢8 the otrIts of the chan'ty. Reslrictions arise when spwJf¥6d by ts ¢kyw ftjnds are raised for parbcutar resth'cted purpose5. Furlher explan8bon of the nabjre and wrpose of 08d) lund 1$ iFlUded in the notes to ihe finandal statements. conb"ftued...
WILSON'S SCHOOL FOUNDATION CIO NOTES TO THE ANANCIAL STATEMENTS- contin1 FOR THE YEAR ENDED 31 MARCH 2024 INVESTMENT INCOME 2024 2023 Rents reevod a¢cwnt intwgst 288,908 5,598 4,769 285,467 274,506 INCOMEIIEXPENtmlRE) Net 5no)mell8yndibJrel is gtated after ChaViCredItl. 2024 2023 Auditors remuneration Depreaation. ovmed assets 2,244 18,616 18,816 TRUSTEES. REMUNERATION AND BENEFrr8 Ther8 wwe Tra trustses. remunwabon or other lor year KIed 31 Mah 2024 nor for the year ¢n(JFd 31 Marth 2023. TrUBl' •xpeng•• The were no trustees. e¥oen5es paJ for Ihe year eThJed 31 Marth 2024 rw for Lhe yeaf onded 31 March 2023. COMPARATfiES FOR THE STATEMENTOF FINANCIAL ACTIVITIES fund INCOME ANO ENDOWMEpifs FROM Donations and le9&c4es 21,885 Invostm8nt kncom• 274,S)6 Total 296.191 EXPENOITURE ON Charitablè activTrtt•s Schjol support 1284.603 Other 48,035 Total 2.332,638 NET INCOMEIIEXPENDITUREI (2,036,447) RECONCIUATION OF FUNDS Totsl funds brought foTh¥artt 10,644.489 -12- CltInUed...
WILSON'S SCHOOL FOUNDATION CIO NOTES TO THE FINANCIAL STATEMENTS- e¢>fttin%d FOR THE YEAR ENDED 31 MARCH 2024 COMPARATIVES FOR THE STATEMEPU OF FINANCIAL ACTIVITIES. cryrtlnued Unrestrlcted fund TOTAL FUNDS CARRIED FORWARD 8,608.042 TANBLE FIXEO Er8 Fmhold propèrty COST At ) Wil 2023 8nd 31 Mar( 2024 142,064 DEPREaAlloN At 1 Awil 2023 Charge lor ye 43,437 18.616 At 31 M8r¢h 2024 82,053 NET BOOK VALue At 31 March 2024 80,011 At 31 March 2023 98,627 INVESTMEKf PROPERTY FAIR VALUE At 1 April 2023 and 31 March 2024 8,000,000 NEf BOOK VALUE At 31 March 2024 8,000.000 At 31 M8rch 2023 a.0.0 hi$lort¢al ¢>xl ol Iho In¥¢strnt kYoi>erty 1$ not Investment was valuod In July 2020 by SelectSuN Ltd. Chartered Swew)rs. continued...
IMLSOKS SCHOOL FOUNDATION CIO NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 DEBTORS: AMOUNTS FALUNG DUEIMTHIN ONE YEAR 2024 2023 Other debtrys 2rJ.521 223,521 CREDITORS.. AMOUNTS FALUNG DUE IMTHIN ONE YEAR 2024 2023 Other crndito Acuued expenses 12.501 62,501 2.244 14,841 84.745 10. RELATED PARTY DISCLOSURES At the year end. Wlson's School Trusl CIO. th6 subsidrdry of the charity. owed the ¢h8nty £223,521 12023:£223,5211. Th wounl 1$ irW¥d wthin clher d•blor$. -14-
WILSON'S SCHOOL FOUNDATION CIO DETAILED STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 klARCH 2024 2024 2023 INCOME AND ENOOWMENTS Donatlons and I8•9 Donbtions Other ineom¢ 200 21,488 21.885 21.6B8 21,685 Invo$¢m•nt In¢¢Mn• Rents rewved Deposit accwnt inleresl 280,698 4,769 268,9)8 5.598 285A67 274.508 Totsl Ineomln9 r•8oure•• 307.155 296.191 EXPENDITU chthrlta• a¢ilvltl•• Grartt8 to In$titutD)s 339,861 2.284,603 Support co•t8 Flnan¢• Bank ¢harge5 Otr Legal and prof¢ssk)nAI 180s Fre¢hdd yoperty d&prwab 18,618 18.e16 20,138 19,818 Audllors. rnmunwatK Insuranco 2.244 25,483 25.759 28,099 27,727 Total resource5 expend&J 388.580 2,332,838 Net expendlturn 181,4251 {2.036.4471 This page does not form pwt of slattrtory finarKxal Statents