Charlty rngl$tratlon numb•r 1185544 Company rngl$twatlon nurnbDr CE019011 (England and Wal•sl SUNNINGWELL SCHOOL OF ART ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 SUNNINGWELL SCHOOL OF ART LEGAL AND ADMINISTRATIVE INFORMATION Tru•te•s OrJSGord Ms A J Wihshir8 Ms AJ6wdl MrA Ffanklin Charlty numb•r 1185544 coM￿nY numb•r CE019011 R•gl•t•r•d offl Sunningwel Sthjol ofArt SuMingw•l AbiTrgdon OX13 6RD Ind•p•nd•nt •x•mln•r ChaFthan Worth Llrnitad 2 The Old Estato Yafd HvJh Strgot East H•ndffjd Wantage Oxf¢)rdshlr• OX12 8JY SUNNINGWELL SCHOOL OF ART CONTENTS Pw Trnst•és' rèFOJrt Ind•p•ndent •xamln•ffs r•Fty)rt $1ot8mgnt of financial aclivths Stalem•nt ol finandal postt Notes to ￿ f￿ancial stslements 7-15 SUNNINGWELL SCHOOL OF ART TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORn FOR THE YEAR ENDED 31 AUGUST 2024 The trustees present their ￿port th• unaudrted financial stst8rnents of Ihe d￿rity for the year ended 31 August 2024. Chalrf* report This document constitutes thè annual rèport ol Thg Sunnin9wdl School of Art, a Charitable Incorporated Organis8tiert ICIOI, rtgistered th¢ Charty Cornmission under number 1185544. ￿￿ring lh6 period from 1 September 2023 to 31 Augusl 2024. ObJ•etbw•s •nd *etlvltb•i The charity's pnmary objective Ss lo advance pull￿ èduealion in Ihe 8rt3 by fostwing apprerAaUon and knovAedoe auoss various artlslic disctplinès. This indudes thg ¢￿t￿lue{l Operat￿ of an accessible and highquality school of art. Eslèbllshèd In 1973 by a coN8¢1Ne of local wbsts. Sunnltwwen School of Art providos artistic education to indivKlual$ ol all ages and abililtes through a varloty of tours6s. wsiting 1oeturer5, and exhibitions. Th& charity Iransilioned to a CIO on 30 Sept*m￿r 2019. h8￿rtg w•viou¥ty op8r*gd a8 a trujl, and has l)9on activety lunclloning In its nèw sinJclur$ si￿8 1 September 2020. Publ1¢ b•n•lll The school rernains commthd lo offwing hvJh44vality art educallon to all. r￿rdlesS of pl￿)r q￿1￿ICalltsns. Trust8e$ rewew the charily's objectives annudty to ￿9￿re aecw •NI Ih• provisb)n of fingrKial Support tg those In need through grants and burwios. In setts'ng obj•thvos and planning activ￿"•$. th• Intsts•g adhere to ts Charity Cornmi8Bkffi'8 guidan￿ on publk ben•flt, •nsurlng eomp16#ne• %wth SoctK)n 17151 olthe 2011 Charities Act. The school continues to offer 8 10% diseourtt to rèshI8nts of Sunningwell Pari6h as Part of ils cornmitrnenl lo the l¢xal community. Additionally, bursarigs are aVBil8Ne for students receiving Unfversal Credrt or dI8abllity beneflls, and $p¢dal bursgrios a￿ for UkrnIn￿n ¢hlk1rnn residiTrJ in the arna. A¢hl•¥•m•nts and p•rl¢wm*nt• This yep4 h8B been anolher swxes8ful and fulfilh'ng pe￿d lor Sunnlngw•ll Schwl ofArt. Th¢ Board of Tru8taè$ continues lo provide strowJ guidan￿. •nsunng tho schcd's sustainabilty and growth. W? w•l¢om¢d John Stevenson to th• 808rd in Jun• 2024. bjrthor strèngfvning ¢)ur ggvemance leam. The Irustees maintakn) a dose w)rkiro rnlalitinshp ￿ Ihe sdKd8 dire￿or$ through quarledy meelings, supplomenled by an effective cornmunication S￿l￿rn btheen the Chaw and Directors. enabling proactlve rnanagemeTht and collaborats've deciwn-making. St•p Charkg• Prol•¢t Signrficant progress has beon mad• on th8 Stop Ch￿￿ proièd. *rned at d￿rtiZing finan¢>81 operBtion3 and implementing a now Customor ReL3tion5hip Managernenl ICRMI sy5¢em and website. This developmenl enhances financial reporting, 51rearnlines course brxjkings. and furthers our charttatAe objectives. Collaboraknn wrth Akriga. the developers of our bespoke database an¢1 websrte. remains ongoing. We received a final granl insts1ment ol £15.417 Irom The Oxfordshire Communrty FtyJndatth to 5￿Pp￿ Iha system8 imFAemenlaticffi. 7rust•• Engag•m•nt To foster greater engagement. Irust8e5 fem8in ac￿ssible to both s18ff and SI￿￿ents. Our summer paty was once again o great succes5, %Wth special thanks to Alan Frnnklin for ￿J$try Ihis e¥enL The SCI￿ conbnue5 to utili5e Ihe vilL89e hall for select dasses. allwng us to run four slmultaneous dasses on Monday momings and prwdift9 addibonal Spa￿ the Tuesday momirwj watertLq(yJr da5S. The Board 8Xt8nd5 sir￿re ￿ati1￿￿e to ts dedicaled staff and the local vAlage hall for Iheir invaluable support. SUNNINGWELL SCHOOL OF ART TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Grants R•e•lv•d . £500 from Tho Doth Ffjald cha￿able Trust for thè purthas• of a now cdour printer. £3,000 from The Cec4 Pilkington Charitabkn Trust for gen•ral wralmig eosts. . £1S,417 from The Oxfordshi￿ Commurlty FL￿n￿a Outr••¢h Prol¢¢t• & Artw••k• Blonh•lrn P•l4u Workfjho￿ (Aulumn 2023} kncted approximalety450 (*ihJren over days. Corpor•t• Collaborntlon•'. Two eonsacutiva clAts•s lor 32 par￿aPants at a CCrfF4Jrate evènt at E$tellg MoTry, E￿$hOrn. A class for Canadian co￿rat• d•Wt•s at Wytham Mamr. ￿ by Susan Nea￿. Communlty Outr•*¢h.. Walofcolour das8•8 lor r•sid•nts of Brldg•htyJs• Car• Hom•'s Rlv•rty c￿b, INov•mbèr 2023118d by Grant Waters. Ongoing Ou￿8¢h at Fitzh#rrfs S¢ho01. A￿'ngd0n, Iwlilatsd by Ernm8 Williams, provid￿9 $rn811gr ¢lass 8YLe$ for studenls requiring addn￿TraI suppNI. Due to bud9et conslr8ints. the school wag unoble to contsnue this inilialivo in the summer tem) but •xpressed enlhusiasm for fvtur• cnllabofation. Oxfordshlr• Athv••k•.' A thrne4ay exhibltion. InckKlirvJ a wfvate vknv. 8howca8ed studonl8' *￿rk and atlracted n￿Me￿u8 VlSrtor8. Flnanclal r•vl•w R•••r4•8 As 0131 Augu812024, thod al £140.538 12023 - É91,2591. ¢omwi*ng £89,964 12023 - È56,4871 in unrg8tridgd fund$ and £50.57412023_ £34.7721 in restricted fuThJs. Prln¢lp•l Fundln9 Sour¢ The charty is primarily fund￿ Ihrough tUblKJn le￿, $upplgm•nt•d by grants and dwgtirrfw. Flnan¢lal P•rfomi•n The financial r•port prepared by the trustees proYfjd•s a detailed ov•Tri8w ol thè dbarity's financial positlon. The yO8r's <)PBraI￿ns resullod in a surplu5 01 £49,279. Rlsk M*n*o•m•nt Iru$te8s hav* conducled a comprehensive risk review gnd mainl8in a r￿k register. UFthled annually. Systems ond procgdur89 in to miligale potenliai risk$. Plan$ for fvturo yrlods A comprehensNe building and rnaintenance surw is for the nexl financial year to asses6 and addres$ infrastructure needs. Structur•i gov•rn•n¢• and manag•m•nt Ofganlsatlon•l Stru¢tur• The charity is govemed by a o)mmittee ol trustees reSp)nsIb￿ for strategic di￿(￿)n and policy making. The cu￿nt board comprisos indiwduals from diverse prolesswmal backgrouThJs relevanl to ihe chanty's knY)rk. A sehome of delegabon assigns day-l(Hlay operal¥)nal M$p￿sibIl￿10s to thè stl*Jol'5 dlrectors. SUNNINGWELL SCHOOL OF ART TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 The trustees, who aro also lh& dir•rJors lor Ihe purF¥)se oloJrnp8ny law. and WI￿ sorved duriThJ the year an(1 up to the of 49nawre of Ihg flnants￿ slatemenls were". Dr J GorJi under Sett￿ 145 of lh• Chariti￿ Acl 2011 1th• 2e11 Acll. In carrying Wt my •x*rninatson I h•v• DH(lthi by ttbt ¢hty CtyMIL%kn 6ecaion 14515Xbl of tha 2011 Aci Ir••nd•nt *t•t•m•nl Since lh8 ch8rily's gn>5s inrnmn •xG••d•d £250.IXQ >rur ex8mknw rn￿1 be a of • boty lisléd Irs ￿¢ll￿n 145 ol the 2011 Act. l oxfm) Ihol l am qu•MW * wthi•k• ts exBmwtkJD trtauo• I ￿ • ol ICAEW, %vNch i* oflh• Ilsl•d bodes. I h•w ttrf¥W•ted my •xwninlM. I coThfirm Ih•i no m•ii•rn h•w ¢¢m• to my 411•¢tt#>n kn carn•ct￿ with the •ymfft•tion gNry m ¢•JM lo Ihot M wy m•t•rid resr*d.. r•¢tydi %wr• kopl r* r•¥K*cl olthe cjwty as reqthd by 386 01th• 2006A¢L' Ihè fIn•n¢1￿ *thi•m•nts do nol xcord ¥Nlh Il*)se rteonh.. or fin•n¢knl tht•ments ￿ not with th• rnqthm•rts ¢1 398 of the 2008 Aet oth•f any rnqulrnmo￿ that th• •¢¢￿￿￿¥ •r¥J f•'r ¥kni ewthf•d as port al ind•pondgnl exerdnakn. LV th• fiMnuol •l•t•W￿lS h•v• Mi •coird•rK• mthJd& and F￿Cl￿•S ol the s¢ai•mifji of R•ctynrMnd•d Prnct*• for ar￿ by th•nt*S ¢hirit*s prepèrirrf Ihelr 4¢¢0unls th• FThndwl •PF4¢4bk* ffl lh• UK •rKI RewblK ol Ifethnd IFRS 1021. I haw rn co1￿•m8 and hAv• Ltffjè •Uoss ¢thvr rn￿￿5 ￿ ra>nnockn ￿ iho •xamlAgih)n 1¢ Shouhl b• ¢Jr¥wn kn INS f•PJrt In ordwtoerth • pwr 4H*¥swndirg irfth• fmarKial 61atem8nts to b• react￿￿. 01.Afil4CI/- Ann• Ch¥m*n FCA Chapman Worth Lirntrièd 2 Thè Ohl Est•t¢ Y•r High Strèet Easi H6nthed W8nlag• Oxf¢fd$hi OX12 6JY SUNNINGWELL SCHOOL OF ART STATEMENT OF FINANCIALACTivrriES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024 Unr•strlct•d RMtrl¢t•d funds nd• 2024 2024 Total Unf•strlet•d R•stricted lunds funds 2023 2023 Tot 2024 2023 Sncorn• frorn: Donallons and Itg*•s Charitable activities Irwe¥lments 5.758 358.164 15,417 21,175 358.164 7.789 318.858 212 8.708 16,497 318,858 212 Total Incom• 364,894 15,417 380.301 326.859 8,708 335,567 Exp•ndltur• on: Charflabl• aetivititis 331.407 1385) 331.022 309.191 2,542 311.733 Total •xp•ndllur• 331.407 13851 331.022 309,191 2,542 311,733 N•t In¢om• •nd rnov•rn•nt Sn fund• 33.477 15.802 49.279 17,668 6,166 23,834 R•¢on¢lllatlon of funds: Fund balances at 1 Septomb•f 2023 56,487 34,772 91.259 38.819 28.606 67,425 Fund bal•nc•• at 31 Augu•l 2024 89.964 50,574 140.538 56,487 34.772 91,259 The statem•nt ol finw)cial activ￿.•9 indud•s &1198in8 and rgo)gnis¢d in the year. All In¢))rr* and expendilur• dèrive from ¢ontinuin9 adivibes. SUNNINGWELL SCHOOL OFART STATEMENT OF FINANCIAL POSITION AS AT31 AUGUST2024 2024 2023 Note* Flx•d assets Intangible assets Tangitse assels 12 13 21.968 29,297 26.846 51.265 26.846 Curr•nt I￿*t4 Cash al bank and in hand 196.711 131.678 Cr•dltor¥: •fflounts lalllng dy• wlthlTr ne y••r 14 1107,4381 167.26SI N•t ¢urr•nt 89.273 64.413 Total asset8 le•• ¢urr•nt Ihbllill 140.538 91.259 Th• fund* ol th• ¢harlty Rtslrided Income funds Unieslncted funds 16 17 50.574 89.964 34,772 56,487 140.$38 91.259 The company is enlill•d to the •x•mption the autjrt requiremenl c￿la￿￿o in sectKw 477 of the Companiès Acl 2C(K8. for the year eftde¢J 31 August 2024. Thè directors acknowledgè Ih•ir r•sponsibihtses comF4wng wrth the reqUI￿rnents of tl* Cornpanio$ Act 2￿8 wilh fe5pecl 10 aecounling (eck)rds and the preparalion of financial stalemenls. Tho m•mbers hava not r8quir•d the company to obl•in an aud* ol ils finanual staiomènls for yaar In que$lion in accordance with ￿¢t￿)n 478. These financial stalemenl$ h8¥# Wn pr•par•d in acciJrd•nce wth the p￿S￿S apF4Kabkn to Q￿panIa$ subj8ci lo thg Small ¢ompanie4 rggirne. The flnanoal statements were apwovèd by th• truth•S ￿... Dr J S Goidon Tru>tse Company registration numb8f CE01￿11 IEn9land ￿ Wa￿s} SUNNINGWELL SCHOOL OF ART NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accountlng pollele• Charlty Inlornlatlon Sunningwell School ofArt is a charita￿6 ineorwatsd ¢xgani8a1￿3n r8giSter8d wlh c￿panieS Hw86 and the Charit￿$ Commission lor England and Wares. 1.1 ACCOUn￿ng ¢onv•nll*)n Th8 finan￿al statements have b￿n prepared in aCcA)￿ance th• charity5 governing do¢urn&nt, the Companies Ac¢ 2006. FRS 102 Yhe Finanual ReF￿1n9 Standard appticable in the UK and Republic of Ireland. I"FRS 102.1 and thè Charitles SORP "AcCoUn￿ng and Rewting by Charib"6s'. Slatemenl of Recommènded Ptsetiu applicable to (knari￿$ preparing their accounts in accordanee wAth th8 Financial Rèporting Standard appluwe in the VK Reptsbllc of Irdand IFRS 1021" leff8CtiV8 1 January 20191. The harfty is a Put4ic 8enefft Enlty as ¢Jofined by FRS 102. Th8 charfy has lakon odvantag8 of the prwsions in Ihe SORP for ehari1688 Mt io pryrn a Sl8t•m•nl of Ca$h Flows. The finandal slatemenls am prnpar•d In sltrfiThJ. the furKl*ywl curTerw of lh8 chadty. Monfrtary amounts in the58 fin8￿•01 ¥laternents are rOu￿led to Ihe no8￿$1 £. The finandal ststemen18 have been w•pared ur#l•r thè hl$lori¢* ￿$t ￿)nventiCffi. The principal acctyjnting polklos adopt•d arn out b81¢)w. 1.2 Golng conc•rn At tho lima ol approving thè financial stat8rn8nl$, Ihe Iru8lees have a reasonable tsxpoctallon that the charity has adequa18 r&source8 to ￿tinUe in operatiwal exislencA for th• for*￿a￿e fvture. Thus th? tru51?98 nllnue lo adopl Ihe going conc*m ba￿S of aCC￿nI￿9 Fxtyarinp Ihe financi* statgmenl8. 1.3 Ch•rltabl• fund• Unre¥lri¢lgd funds are •vailab￿ use at the dlscr•ts"on of th• trusttss in further#n¢è ol thèir thoritobl¢ objectives. Ro$tricted fvnds are subject lo condrtic¥ts by donors or grantors As its how they moy be u¥ed. The purposes and uses ol the reslitled lunds arè sèt oul in Ihe noie¥ lo Ihe finan¢i81 stalemenls. Endowmenl funds arn subthoct to speclfic condibons by donorn thai Ihe must ts maintained by the charfty. 1.4 In¢•m• Income is recognised when the charity is Wlly entslkd io it 8ft•r any perfornance condition¥ hav? been met. the amounts can be mtsasurnd T•liaNy. #nd it is probable thal income will be received. Cesh donal￿$ are recc*Jntsed on fecelpt. Other d¢)nation$ are recogrH88d once the th8rity has been notrfied of the donation. unless perfomance conditions require deferral of the amount. Income tax rewverable in reLalion to donat￿nS rec8i¥ed uThJ8r GrftAthJ or deeds of owenant is recogntseo at th• tim• of th• dLThtion. Legacies ale recognised on rticeipt or othemse rf th8 charity ha$ l)een notffied of an impending dislributbn, the amount is known, and r8C8iPt is expectgd. If the am¢yJnt is not known, the legacy is treated 8$ 8 eonlingenl assel. SUNNINGWELL SCHOOL OF ART NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 A¢¢ountlno polkl•s {ContSnu•dl 1.5 exp•ndltur• Expenditure is recognisod oncè there is a kgal or conslructive oblKJatth to transfer economic be￿ri1 to a thlrd party. il is piobabK8 that a transfw of econom¢ benefits wijl bg required in $8tUement. and the amoL*nt of thé 0￿￿jatIon Con ￿ measured rdiabty. Expenditure Is dassified by activity. Th& costs of each acts.vty are rnad$ vp ol Ih¢ totsl of direct ¢08t$ and sha￿d costs. including 5UPPOrt costs invofved in undertaking eath actiwty. Diwl costs attributable lo a $Sn91• aclivity are allocated diredy to Ihal aCtI￿ty. Shar8d costs which contribute to mro than one activity and $upp)rt ￿$1$ which are not attribula￿e to a sin9le activity a￿ apportioned bèiw8en those o¢lsvilies on a basis nsislent with tlw u58 of resources. Central staff costs arè alloca18d on the basis ol tim8 spent, and dèpr8ciats.on charges are alkKated on lh• ol the asset¥ 1.8 lnt•ng1b￿ fixed assets oth•r Ih•n goodwlll Intangible assets compris8 software wsts. They JTe Indudod at ¢A)st kns *mrytbatkn. ArnortisatKJn is r•cognls8d sts as lo writg off th? ￿$1 or vahjakn of a8s•ts kns thgir r•sidu81 ¥0￿0¥ Ovef their ustlul I￿e5 on the followKw bases.. SofMf8r• 20% stratght 1Sno 1.7 T•n9lbl• flx•d •18•ts Tangible fixed 8ssets afe Initially m•asur¢d •t co•1 and •ubBewenty m8•suf•d at toll or valuation. ngt ol depr8datbon and any impaimi•nl hJw$. Depreciation Is recognis•d so as to wriiè off th? cosl or valvakn of as￿l$ i￿lf re$idu¥l valutrs over their u8•lul lTrv•8 on th• frAknvin9 baseB'. Fmshold prop8rty Plant and equipmont 2% stra￿ht Lim 20% StravJht ￿n• The gain or loss arlsing on tho disposal of an asset Is delefftined as Ihe drfl•v•nee b8lw8en thg sab8 p￿￿￿ed6 and the carying valu• of th8 as58t, and is rwnise(I m the stal8m8nt ol financial activits'es. 1.8 Impalmi•nt of flx•d *ss•ts At each reportin9 end date. th• ¢h*ity review￿ Ihe caTh￿r￿a rnnts of rts IaNJi￿a Intangiblè assèts to detemine wthether th8rè Is any indical*Jn thal those assets have sufferad an impairrnenl loss. If any svch Ind￿tKIn exists, th& recoverable omounl of Ihe asset is es￿mat￿ in cKd8r to detgrmine ¢h& extenl of the impoirrn•nt bss Irf any}. 1.9 Cash and cash equlval•n¢• Cash and Cash *quivalenls indude cash In hand. deposits hehj at call with banks. other short-lem) 1Squid inve51rn8nts with original maturilies of lh￿ rythlhs or ￿$. and bank overdrafts. Bank overdrafts are shown Ihin borrw'ngs in ￿l￿nI liabilths. Ba￿¢ Iln•nelal a$s•ts Basic financial assets. which Include dtbtor5 and cash and bank baLinces. are initially m•asur•d at tran$a¢tion price including transact￿ costs and a￿ $sJbsequenlly Carried at arnorti58d c05t using the effective Inte￿$1 method unless the awraThJement consbtules a financing transaction. %vhere the transaction is measured 8t the present value of the lulvre r￿lPt5 discwnted at a mathel rale ol interest. FinatKial assèts Classrf￿ as rece￿ab￿ wlhin one y•ar ar• rK*t arnrfftwl. SUNNINGWELL SCHOOL OF ART NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Accountlng poll¢b•• {Contlnu•dl 8•¥1¢ fln4n¢l41 Il•bllhl B85ic fin8naal l¢abilitK8S. indudry creditors and bank l(trans ￿ initialty r8CCWi58d at transaction price unles Ihe arrangement consb"lutes a financing transaction. %there th8 debt instwment Is me8SUfed at the presenl value of tho luturo paymonls disc￿￿nted 81 a mwkgt rats of thresL Fkna￿aI Ilab¢lib8s dassifi•d as payable wilhin one year ar8 not arnortised. Debt inslruments af• subs•quenlty c•rri8d at aMort￿ cost. U8iry the effoctiv• Inleresl rnte m•tfv)d. TrBde cr8ditor¥ are oblyations to Pay for goods N seThiees that have b88n wuired in the ordinary course of operations Irorn suppliers. Amounts payablo a¥• dassified a5 currenl liabilities rf payment is due wthin on8 year or less. 11 not. thay are pre58nted a5 non-￿rrent liabiltbes. Trade credilots affj recognised inltially al transaction Vlce and sybsequenUy rneasured at cosl usirvJ the &ffediv• int•r•st rnethod. D•r•¢oqnlllon olflnwKl•lll•bllffj•s Financial liabilibe8 ar• d?rwni9od th th• L*anty's conirnclu81 obWgath)n$ *xpire or ar• discharg￿ or cancelled. 1.10 Employ•• b•n•flta The cost of any unusod holhlay éntNlèmgnt is recognised In tho period in whlch the •mployea's servlcos ar r•e•iv•d. Terminalion benefits are recognis•d imm•diaiety as an exponse wh¢n thg chaty t6 demonstrat4y commrtled to term4nat• the employTn•ni ￿an •mF4oy8e QT to lerrninalKJn benefits. Crltlcal •¢cguntlng ••llrn•t•• •nd lud9•m•nl* In the application of the charitys acctyJnbr*d ￿￿*$, truste86 afe required to make judgements, gsbmale3 nd assumpllons about the ca￿.ng amount ol assets and liabilities that a￿ not readily apparent from other sources. The e$limatg$ and associated assutwlions aTr bastsd on historical expenence and oth8r factors that arg ¢on6idered to be relevanl. Aclual resutts may dillor fiom thoso eBlwnates. The esbm8te5 #nd Underf￿n9 a8wmpt￿ThS are wiewed on an ongoing basis. Rèvi$*)n$ to accounting e8tirnat88 are re¢ognised in the period in which the esbmate rewsed where the revision affects only that period, or in Ihe pedod of the revlsknn firturts wric•Ji whor• Ihe rewwn both ¢Ufrent and futuro pertods. In¢om• fr¢)m donatlons and le9KI• Unf•s￿¢t•d R•strt¢ted lund• lunds 2024 2021 Total Unr•strlcted R•8trlcted funds fvnds 2023 2023 Total 2024 2023 Donations and 9ifts Grants 2,258 2.2S8 18,917 6,441 6.441 10.056 15.417 8.708 5.758 15,417 21,17S 7,789 8,708 16,497 SUNNINGWELL SCHOOL OF ART NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 In¢om• from don•tloM and1•gxI•s Icontlnugdl Unrn*trl¢t•d R•strict•d fund• lund• 2024 2024 Total Unrostrictod Re•¢ri¢t•d fundi funds 2023 2023 Total 2024 2023 Gr•nt• Step Change Doris Field Cecil Pilkin9ton Othgr 15,417 15,417 783 7.708 8.491 1,000 565 565 15,417 18.917 8.708 10,056 Ineorno from charltabh actfvftl un￿tr￿¢t•d Unr••trld•d nd• funds 2024 2023 Tultlon lees Chariiable acllvrtS•s 352.797 313,396 Ev•nts Charitable acllvltle8 5.367 5,462 3S8,164 318.858 Incom• from Inv••fm•nl• Unr•strlct•d Unr••trf¢t•d funds fund8 2024 2023 Interest re&?rva￿È 212 10. SUNNINGWELL SCHOOL OF ART NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Exp•ndltur• on ¢harItab￿ acllvltl•s A￿¥110¢1 2024 Actlvltl•• 2023 OlrK¢ ¢o•ts Tuition and sthool Building and sarwc 295.$01 35.521 283.125 28,608 331,022 311,733 Analyils by fund Unresiricied funds Re8tricted funds 331,407 13851 309,191 2,542 331,022 311,733 Ind•p•nd•nt •x•mln•tlon f••• F•88 payabl• to th• Ind*￿Thd9nt Examiner fr>r tho e¥aMinI￿ of tm financlal st8￿m#ntS 1$ £900 12023 . £7501. N•t mov•m•nt In fvndl 2024 2023 Th• n81 mov•rn•nt In funds is staled after Chwgiwl¢￿drtI￿Jl.' Depr•d8Jon of ownod tsngSbl• fix•d ass•ts Arnortsathyb ol inl8ThJknle assots 557 1,157 Tru•t••• No r8mun•ralon or othtr b8neffts from emF&Jyment tmth th8 chwty or • rel8t•d •ntty wer& received by Ihg trugt88s in thi5 yew or ts prewus pe￿0d. None of the Iruslees I￿ any p•rnons eonnèctod vAlh them) rxeNed any re￿￿n8T&tkM or bemfits from tha charity during the yèar. 10 Employ•as The average monlNy nUM￿r of am￿oyeeS durin9 the year was.. 2024 Number 2023 Number The￿ were no emF4oye8s *thos8 annual remuneralion was more than £60.IXQ. 11 SUNNINGWELL SCHOOL OF ART NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 11 Taxatlon Th? tharity is exempl from taxati￿ on its adwitws because all ts incom• ts appl￿d for chantablo purposes. 12 Intsnglbl• fix•d •8Mt* Al 1 S•pt8mber 2023 Additions 23.125 At 31 Augus12024 23,125 Amortlsatlon and Imp•lmwnt Al 1 Septembw 2023 Arnorti5ation thorg¢d for Ihe year 1,157 Al 31 August 2024 1,157 C•rrylng 8mount Al 31 August 2024 21,968 Al 31 August 2023 13 Tanqlbl• Ilx•d M••t* Fr••hold •nt Ind T#tsi Co•t Al 1 September 2023 Addlti¢)n8 25.718 8,731 34,449 3,008 Al 31 August 2024 2S,718 11,739 37,457 D•pr•clallon •nd Imp•lrni•nt Al 1 September 2023 Dopr•ciation charged in th• yo8r 823 276 6,780 281 7,603 557 Al 31 August 2024 7.061 8,160 Carrylng •mount AI 31 Au9USt 2024 24.619 4.678 29,297 At 31 August 2023 24,895 1,951 26,846 12- SUNNINGWELL SCHOOL OF ART NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 14 Cr•dltor•: •moun¢• f•llln9 du• wlthln on• ymr 2024 2023 Not•• Olhor tsx8tson and social Security D•lerr•d incorne Trade cr•ditors Attruals 1,937 1CKI,187 3.520 1.794 2,049 63,698 15 1.518 107,438 67,265 15 D•f•rr•d Incom• 2024 2023 Other d?fvrred Incom? 100.187 63,698 Deferred Incom• Ss Ind￿ in th• fin￿tI#l stsl•mènts as fckns.. 2024 2023 Deferred income is Indudad wtrln: Currnnt liabilil*s 100,187 63,698 Movoments In th• y•ar'. Deferred ilwme al 1 September 2023 Released from previous penods Ro8our¢•$ delwred in the year 63.698 163,6981 1￿,187 70,257 170,2571 63,698 Deferred Incom al 31 Awjust 2024 1c￿,187 63,698 Defwr¢d irKoTh ¥elates to the Aulumn term's Ivllx)n lé•s have been fec4Ned in advance. 16 R•¥trlthd fund• The restncte(S lunds ol the tharity comprise Ih8 Un8xpended balances ol donallons aThJ grants hekl on tfust subject to SP8cific condith?n5 by donors as to they may be used. At1 septem1￿r 2023 Incoming Resources Ai 31 August •xp*nded 2024 DevelOpr￿n1 lund OCF Step Change IT 8quipm8nt 28,606 6,166 28,606 21,968 15.417 385 34.772 15.417 385 50,574 13- SUNNINGWELL SCHOOL OF ART NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 16 R•strlct•d funds IContlnu•dl Pr•vl¢>us y••r: Incomlng R•SOur¢￿ At 31 August S•p¢ornb•r r••o¥r¢•• •xpond•d 2023 2022 Do￿￿)pMent lund Dons Fi8kJ Childrens Wththop OCF Sl8p Ch8n9e IT eqvipment 28.6C13 28.606 11,0001 11.5421 6.166 28, 8,708 2,542 34,772 D•vglcprrfftnl fund . The De¥ekyment fiJnd r8pr•sthts fvrbjs raise(I spent on eosl of studias ond ertain equipment. 17 Unr•8trl¢t•d fund• The Un￿$1￿cled lunds ol thè chwty compris• Ihg ungxpen¢led balances of dthiations and grnnts whith arg not subject to specific conditions by don￿ and grantors as lo ihey may be uggd. These include d8sKJnal￿ funds which have been sel aside (MJI ol unr•strictad lund$ by thg trustees specific purposes. At1 S•pt•mb•r 2023 Incomlnq R•se+Ur￿l r￿oUr¢•I •xp•nd•d Tr*n*hrn At 31 August 2024 Semèn pn'n1i￿ gquipmenl Pug mill Col)ur printer General funds $4S 1.710 15451 1361 1401 1330.786} 2,S20 412 87,032 1481 {7981 54.232 56.487 1331,4071 89.964 Pr•vloui y•8r: At1 S•pt•mber 2022 In￿mIng Resourc•• r•source• exp•nd•d Tran•f•rs At 31 Augu81 2023 Screen printlng equipThnt Pug mill Gen&ral fvnd$ 1.6S7 1.710 323,492 (1.1121 545 1.710 54,232 38.819 (308.0791 38.819 326.8S9 309.191 56,487 14_ SUNNINGWELL SCHOOL OF ART NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 AUGUST 2024 18 Anafy•l# of n•t ass•ts b•lvmn funds Unr•strl¢tad R••trkt•d lund8 funds 2024 2024 Total 2024 At 31 August 2024.. Inlangiblt fixed as58ts Tangible assets Current assetsllliats'liti8sl 21.968 21.968 29,297 89,273 29.297 60.667 28,606 89,964 50.574 140.538 Unr•strlet•d fvnds 2Q23 R•strld•d lund* 2023 Total 2023 Al 31 August 2023: Tan9ible assets Current 8sselWlliabiliI￿s> 6.166 28.606 26,846 84,413 35,807 56,487 34.772 91,259 11 R•lat•d p•rty tr•n•actlon• Thero ￿ra no dlsdosow fd•t•d ￿rtY tran5Kkns durtry th• y8•r. 15-