School in a Bag
(A Charitable Company Urnited by Guarantee)
Annual Report and Flnanclal sL￿ements
For the Year Ended 31 October 2024
Company Number: 11916624
Charlty Reglstered in England and Wales Numbèr: 1186357

Sch¢)ol in a Bag
Contents
For the Year Ended 31 Ociober 2024
Contents
Referenc8 and Administrative Dètails
Trustees, Annual Report
Independenl Examiner's Report
Statement of Financial Activilies
10
Balance Sheet
Statement of Cash Flows
13
Not8S to the Financial Statements
14-24
Prepared By Albert c￿(￿1Man LLP

School in a Bag
Reference and Administrative Details
For the Year Ended 31 October 2024
Trustees and Directors
K J 8rownhill
D J Cooper
M O Fasosin
W P Hughes
D J Hutchinson
A J Mackie
C A O'Brien
Chlef Executlve
L Simon
Company Number
11916624
Charity Number
1186357
Prlnclpal Office and Registered Offlce
Home Farm
Main Slreet
Chihhorne Domer
Yeovil
BA22 8RD
Independent Examiner
Michelle Ferris BS¢ (Hons) FCA DChA
Albert Goodman LLP
Go(Idwt)od House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX
Prepared By Albert &JcyJman LLP

School in a Bag
Trustees, Report
For the Year Ended 31 Oclober 2024
The trustees, who are also directors for the purposes of the Compani8s Act. pr8sent Ih8ir report and Ihe
unaudited financi￿ statements of the charty for the year ended 31 October 2024.
The financial statements have been prepared in accordan￿ with the accounting policies set out in note 1 to
Ihe financial statements and comply with the charity's memorandum and articles of association, Ihe
Statement of Recommended Practi￿ (SORP FRS 102 2019), and are in accordance with the special
provision relating to small companies viithin Part 15 of the Companies Act 2(*)6.
Publlc beneflt
Tha trustees report that the charitable activities, described in the "Mission slatement", "Activities" and
"Achievements and performance. paragraphs. are for the public benefit. The trustees also confirm that they
have complied wth section 17(51 of the Charitss Act 2011 to have du8 regard to th8 public b8n8fit
guidance publisheij by the Charity Commission.
Slruclureg governance and management
School in a Bag is an independent charity. registered number 1186357 and a company limited by
guarantee. registered number 11916624.
The governing docum8nt is the m8morandum and articles of associatK)n dated 14 November 2019.
The following trus188s vtho are also dire¢t¢)rs for the purp)ses of company law, served during the year and
since the year end-
K J Brownhill
D J Cooper
M O Fasosin
W P Hughes
D J Hutchinson
A J Mackie
C A O'Brien
F C Bellamy {res￿ned 28 February 2024)
Under the requirements of the Memorandum and Artides of Association. Ihe trustees are elect8d to serve
for a period of three years after which they musl be re-elected at the n8Xt Annual Gen8ral Meeting.
All truslees are already familiar With the work of the charity prior to their involvement. Each Irustees
receives access to a Trustee Induction pack containing financial and legal infomiation relating to the charity
alongside a code of conduct and relevant policies.
None of the trustees has any benefioal interest in th8 company. All of the trustees are memb8rs of the
company and guarantee to contribLrte £1 in the event of liquidation of company.
The trustees attend board meetings quarterly and are responsible for the strategic direction and policy of
the charity. A separate Financial Sub Committee meets prior to the truslee meelings to provide additional
financial s¢rutiny and guidan￿. Responsibility for the managemenl and operation of the company during
the period was entrusted to the Chief Executive, L Simon.
Prepared By Aitert &)c4Jman LLP

School In a Bag
Trustees, Report
For the Year Ended 31 October 2024
Purposes and Aims
Our charity's purpos8s as sel oul in the objects contained in the company's memorandum of association
are to..
advance the education of children by such charilable means as the Irustees decide.
The main aim of the charity is to provide and distribute SchoolBags containing educational and health
supplies to disadvantaged, poor and disaster aflected children around Ihe world, increasing educational
attainment and attendan￿ at school.
Alongside this the charity SuPP￿s the development of new school buildings and facilities. Our aims fully
reflect the purposes that the charty was set up to further.
Mission
School in a Bag provide rL￿k$acks lull of educational, hygi8ne, eating and drinking supplies to enable
disadvantaged, orphan and pjverty-stricken children around the world to access an educalion.
Values
Equity- School in a Bag SUPF)Ort children in all countries regardless of race, politics or religion.
Empowerment - The charty works with local partners on th8 ground, empowering them within their
communities and investing money where it matters most.
Transparency - Every SchoolBag. whether UK Packed or in-country is numbered and trackable from point
of donation to recipient. providing complete donor transparency.
Actlvltles
This financial year was another excellent one for both the charty and the trading subsidiary. The charity
continued to focus on the funding and delivery of SchoolBags to children working with individuals,
organisations, groups and corporale entilies to support this work.
Across the year over 10.000 SchoolBags were distribul8d lo children in 14 countries using our 'in country,
delivery model including Mongolia. Pakistan. Nepal, Tanzania, India, Ghana and Uganda. W8 have also
sent our UK Packed SchoolBags lo Kenya. Romania. Poland. Ukraine and The Gambia and Ukraine and
distributed UK Refugee SchoolBags to Norlolk. Warrington. Barnstaple, Sheffield and across Somerset.
Corporate partnerships and relalionships remain a k8y focus for charty- During this financial year
Beechfield continued to be a key supporter of charity and in March 2024 School in a Bag successlully
became a charity partner of 10/0 For The Planet, an inlernalional organisalion whose members contribute at
least 10A of their annual revenue to environmental causes to prolect Ihe environment and promote
sustainability.
Prepared By Albert Goodman LLP

School in a Bag
Trustees, Report
For the Yeai Ended 31 October 2024
As a member of 19/0 Beechfield were able to contribute more to the charity and were keen to expand their
support beyond stock and SchoolBags. They did this by committing to fund the building of two new schools
in the villages of Igingilanyi and Igwachanya, in the Iringa region of Tanzania which are due to be
completed al the end of 2024.
These schools will have a P￿gnrflcanI impact on local children vtho currènlly do not attend school in other
villages due to the 4-7km walk, increasing school attendance. increasing literacy and academic attainment
levels. preventing early pregnancy and marriage and decreasing HIV infedK)n rates.
Alongside Beechfield we also received funding from Greet[￿Id Purchasing Solutions through the 1Yo Portal
and our partn8rship with FITCH Continues to flourish ￿th regular School8ag packs and en9agement.
This year we have continued to develop relationships with new corporate partners through visit.org and to
strengthen our existing partnerships WFth long term supporters such as FITCH. We have gained new
orporate support through several smaller organisations sponsoring a SchoolBag vthen they acquire a new
client which has worked as a valuable marketing tth)I for them and an ongoing relationship siluation for the
¢harity.
Natural disasters also featured again in our work with the Jaiarkot District. Kamali Province, Nepal being
subject to a rnagnilude 5.7 earthquake on 3 November 2024 killing 153 people and injuring al least 375.
Widely felt in western Nepal and northern India. the earthquake was the deadliest to strik8 the country
since 2015.
Unlortunately the quake did not make the mainstream media news and il was thanks to tha local
knowledge of our brilliant Nepalese partners Helambu Education Livelihood Partnership (HELP), that the
charity were able to respond by funding 254 sd￿￿IBagS for children at the Shree Bidhyadevi Primary
School in Jaj'arkot which was dir8Ctly impacted.
Our refugee SchoolBags have continued to be an important aspect of delivery with council hubs and
refugee support ￿nITeS helping us to distribute SchoolBags across the UK. We also continued lo support
displaced Ukrainian families residing in Poland and Ukraine through The Helping Hand for Ukraine projecl,
part of the Chernobyl Chiklren's Lrfeline organisation.
The work with schools continued this year and the trustees decided to create a new post of Schools Liaison
OffI￿r which will be recruited later in the year. This role Y￿11 specifically work with schools to generate
interest and work aiong&de developing curriculum-based resources and widening the reach of the charity
within the seclor.
A number of schools worked with the charity over the last 12 months with the local village primary school
carrying out a range fo fundraising activities including a sponsored walk vthile school in London, Dorset,
Devon and Wales also packed SchoolBags that were distributed to Ukraine and in September and October
were sent to The Gambia.
The trading subsidiary again delivered Ihe most successful Home Farm Festival to date with 3629 tickets
sold and over £130k profit made from the 3 day event in June. Tickets lor the Saturday of the event also
sold out for the first lime prior to the day.
Prepared By AJtErt Gocxjman LLP

School in a Bag
Trustees, Report
For the Year Ended 31 October 2024
During the event 382 SchoolBags were packed al the event. over 120 more than last year. which were
shipped to Ukraine. Alongside the packed SchoolBag income of £7,653, an additional £3,325 was raised
dirgctly by the charity at the evenl from text donations, bucket collections. adding a £1 to your round, lun
run entrance fees and donations when purchasing tickets.
Repeating the success of 2023. tickels went on sale for next years Home Farm Festival IHFF18) during the
weekend and a week after the end event which Provided over £61 k of sales for Ihe 2025 event. There is
another planned flash sale in November 2024 and tickets will then go on sale fully in early 2025.
The charity have continued lo invest funds to upgrade our existing warehouse operatiorb With new lighting
and safety equipment. This conlinues lo have a massive impacl on the charities ability to hold stock and
has enabled us to buy considerably larger quantities of stock and benefit from lower prices due to the
economies of seale.
We continue lo be indebted to the huge amount of support the charity receives from bcal people and
organisations. Our regular volunteers in the warehouse and office are uitical to our work and those who
support our festival enable us to maximise the fundraising opportunity it provides.
The trustees spent time this year considering the longer-temi future ol the organisation and have
committed to expanding staff capacity and roles and investing in new technology to support growth. In the
next financial year we will be appointing a dedicated Schools Liaison Olficer and a new Administrator post
alongside putting in place a new CRM system and changing our existing database.
As a charity the trustees and staff remain committed to supporting as many children across the world as
possible and it is an exciting time as the organisation undergoes a period of change and Iransition as new
members of the team are recruited and new areas of TI￿rk are investigated. particularly in reference to the
trading subsidiary.
Achievements and pwfomiance
The charity is particularly proud of the following achievements over the period
Welcoming DjiboLrti as the county that the charity works in.
Delivering more than 10.000 SchoolBags in 14 countries during the year
The delivery of the most successful Home Farm Festival to dale. Home Farm Festival 17 through
the charity's trading subsidiary. the first which sold all Saturday prior lo the event.
The commilment ol trustees to a transitional change programme for the charity bringing in additional
staff and committing resources lo long ierm organisational growih
The addition of 3 new corporate partners sponsoring a SchoolBag for each new client onboarded -
Manders Financial S8rvices, Unico Hire and Connecting Education.
The addition of 3 new corporale SchoolBag pack partners AIG, Weil, Gotshal and Mangers LLP and
Eversheds
Flnanclal review
The ¢harily generated income of £599.665 of which £228.003 was restricted (2023 - income of £607,678 of
which £277,422 was restricted). With expenditure of £609.643 {2023 - £385,241), this lead to a deficit for
the year of £9,97812023 - surplus £222.4371. Net assets as at Ihe end of the financial year were £385,491
12023 - £395,469).
Prepared By Albert GocKlman LLP

Sch¢)ol in a Bag
Trustees, Report
For the Year Ended 31 October 2024
Reserves policy
Th8r8 is currently no fomial reserves ￿l1¢Y in pla￿ however the Trustees have agreed in principle to hold
a minimum of 3 months operating costs tor the charty as reserves wilh a target to achieve 6 months. An
eslimalion of the cosls of o￿latIng the charty for 6 months (being £126,OCM)) has been put aside as
designated income in the accounts - the Trustees believe that this reserve would be necessary to organise
a orderly wind dovm of the charity should it be required.
In addition, the charity has designated funds for a particular project which did not meet the definition for
restiicled, but the Trustees wish to honour the intended Purpose of the donation.
The free reserves of the charity arn￿nted to £258.972 on 31 October 2024. After the designated costs
noted above are taken accounl of. the charty holds £79,427 in free reserves - which the Trustees intend to
reinvest in the operations of the charity. providing Ilexibilty y￿th regards to the projects supported.
Future plans
The organisation is conlinuing its plans to transition charity and trading company into a sustainable
entity and intends to work on its business development plans and income generating activities, particularly
in creating new income generation models for Ihe trading company.
The charity will continue to focus on the distribution of SchoolBags lo children in need around the world.
For the 2024 to 2025 financial year the charty has prioritised the lollowng:_
The distribulion of 12.000 SchoolBags to children in need
The continued support of refugee and displaced children bolh in tt)e UK and around the world with
Refugee SchoolBags
The continuation of buitding of schocA faalities in Tanzania w51h corporate partner BeechfTreld
The development of educational r8sources for children in the UK linked to Curriculum delivery
The continuation of the charty and trading companies transition and development plans to build
slronger and more sustainable organisations in the future by increasing capacity and investing in
technology.
Risk management
The organisation has a risk register and risk policy in pla￿.
The trustees have considered the major risks lo Ythich the charity is exFX)sed. The Trustees actively review,
and update systems and procedures to manage perceived risks appropriately.
Prepared By Albert Go(Klman LLP

School In a Bag
Trustees, Report
For the Year Ended 31 October 2024
Statement of Trustees, Responsibilities
The trustees (who are directors of School in a Bag for the purposes of company lawl are responsible lor
preparing the Trustees, Annual Report (incorporating the Directors, Report) and Ihe financial statements in
accordance wilh applicable law and United Kingdom Accounting Standards. including Financial Reporting
Standard 102 The Financial Reporting Standard appI￿able in the UK and Republic of Ireland (United
Kingdom Gen8rally Acc8Pted Accounting practi￿).
Company law requires th8 trustees to prepare financial statements for each financial year which give a true
and fair view ol the slate of affairs of the charitable cornpany and the income and expenditure of the
charitable company for thai period. In preparing Ihese financial statements, the truslees are required to:
select suitable accounting policies and then apply them consistently-
observe the methods and principles in the Charities SORP..
make judgments and eslimales Ihat are reasonable and prudent..
state whether applicable UK Accounting Slandards have been followed, subject to any material
departures disclosed and explained in the financial statements, and
prepare the financial staternents on the going concern basis unless it is inappropriate to presume
that the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable
accuracy at any lima the financial position of the charitable company and enable them to ensure Ihat Ihe
financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the
assets of the charitable company and hence for taking reasonable steps lor the prevenlion and detection of
fraud and other irregularities and are responsible for the maintenance and integrity of the corporate and
financial information on the charity's website.
Signed by order of the Iruste8s on
21.(0!ll%.
K J Brownhill
Trustee
Prepared By Alberl Goodman LLP

School In a Bag
Independent Examiners, Report to the Trustees
For the Year Ended 31 October 2024
Independenl examlner's ￿pOrt to the Irustees ol School In a Bag
I report to the charty trustees on my examination of the accounts of School in a Bag ('the Company") for
the year ended 31 October 2024.
Re8ponslblllties and basls of report
As IIE charity's trustees of the Company (and also its directors for the wrposes of company lawl you are
responsible for the preparation of the accounts in accordan￿ with the requirements of th8 Companies Act
2006 ('Ihe 2006 Acri.
Having satisfi8d mys8lf that the accounts of the Company are not required to be audited undar Part 16 of
the 2006 Act and are eligible for independent examination. I report in respect of my examination of your
charity's accounls as carried out under section 145 of the Charities Act 2011 (Ihe 2011 Act'}. In carrying
oul my examination I have followed the Direct￿nS given by the Charity Commission under section
14515)(bl of the 2011 Act.
Independent examinerfs statement
Since the Company's gross income exceeded £250,000 your examiner must be a membeT of a body listed
in section 145 of the 2011 Act. I confirm thai l am qualrfied to undertake the examination becaus8 1 am a
member of the Institule of Chartered Accountants in England and W￿e$, which is one ol the listed bodies.
I hav8 completed my examination. I confirm that no material matters have come to my attention in
connection with the examination giving me Cause to believe that in any material respect..
accounting records were not kept in respect of the Company as required by section 386 of the 2006
Act; or
2. the accounts do not comply with these records; 01
3. the accounts do not comply with the accounting requirem8nts of section 396 of the 2006 Act other
than any fequiremenl that the accounts give a Irue and fair Vie￿ which is r￿1 a matter considered
as part of an independent examination- or
4. the accounts have not been prepared in accordance with the m8thods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable to
charities preparing their accounts in accordanc8 wilh the Financial Reporting Standard applicable in
the UK and Republic of Ireland {FRS 102).
I have no concerns and have come across no other matters in connection with the examination lo which
attention should be drawn in this rèport in order to enable a proper understanding of the accounts to be
reach8d.
Michelle Ferris Bsc (Honsj FCA DChA
Albert Goodman LLP
Chartered Accountants
Goodwood House
Blackbrook Park Avenue
Taunton
Somerset
TA12PX
Dated: .8.g/o.l/ao3.5....
Prepared By Albert G￿￿Man LLP

School in a Bag
Statement of Financial Activities (including Income & Expenditure account)
For the Year Ended 31 October 2024
2024
Total
2023
Total
Unres-
trlcled
Re-
slricted
Unres-
tricted
Notes
strlcted
Incorne
Grants and donations
Charitable activities
Other trading actimtes
Managemenl charge income
318,424
11,947
2,134
39,157
228,lJ)3
546,427
11.947
2,134
39,157
284,534
571
6,757
38,394
277,422
561,956
571
6,757
38,394
Total Income
371,662
228,003 599,665
330,256
277,422
607,678
Expgnditure
Raising funds
Charitable activities
281
314,054
281
609.362
284
290.035
295,308
94,922 384,957
Total eX￿ndIture
314,335
295,308
609,643
290,319
94,922 385,241
Net Income l (expenditure)
for the year before transfers
57,327
{67.305)
(9,978)
39,937
182,500 222,437
Transfers
1100)
Nel movement in funds
57,227
(67,205) (9,978)
39,937
182,500 222,437
Reconciliation of funds
Total tunds brought forward
212,969
182.500
395,469
173,032
173,032
Total funds carried forward
270,196
115,295
385,491
212,969
182,500
395,469
The results for the year derive from continuing activities and there are no gains or losses other than Ihose
shown abov8.
The statement of financial activities incorporates the income and expenditure a¢¢ount.
Prepared By Albert Goodman LLP
10

School in a Bag - Company Reglstratlon Number: 11916624
Balan￿ sheet
As at 31 October 2024
Notes
2024
2023
Fixed assots
Tangible fixed assets
Investments
11,223
3,962
11.224
3,963
Current assels
Stock
Debtois
Cash at bank and in hand
66,109
1,316
314,027
72,928
28,129
315,386
381,452
416,443
Creditors
Amounts falling due within one year
10
(7,185)
{24,937>
Net current assets
374,267
391,506
Net assets
386,491
395,469
FurKIs
Reslrided funds
11
115,295
182,500
Unrestricted funds
Designated funds
Unre*ricted funds
179,545
,651
126,OC(I
86,969
270,196
212,969
Total charity fvnds
385,491
395,469
Prepared By Albert Gocdman LLP

School in a Bag - Company AggiStr•tion Number: 11916624
Balance sheet
As at 31 October 2024
These accounts have been prepared and delivered in accordance with the special provisions relating to
small companies within Part 15 of the Companies Act 2006 and Financial Reporting Standard
applicable in ihe UK and Republic of Ireland (FRS 102).
For the year ending 31 October 2024 the company was entitled to exempiion under section 477 of the
Companies Act 20C6 relating to small companies.
The members have nol required the company to obtain an audit in accordance with section 476 of the
Companies Act 2006. The directors acknowledge their responsibilities for complying with the requiremenls
of the Act with respect to accounting records and the preparation of ac¢ounts.
Approved by the Board lor issue on
21{0112S
. and signed on its behalf by..
K J Brownhill
Trustee
D J Hutchinson
Trustee
Prepared By Albert Goodman LLP
12

School in a Bag
Statement of Cash Hows
For the Year Ended 31 October 2024
2024
2023
Notes
Cash flows from operatlng activities
Nel (expenditure) l income for the year
Adjustments to cash flows from n￿-CaSh items:
Depreciation and amortisation
(9.978)
222,437
4,610
2,492
(5.368)
224.929
Working capital adjustments
Decrease l (increase) in stocks
Decrease l (increase) in deblors
{Decreasel l increase in creditors
6.819
26.813
(17.752)
154,4251
(26.8201
16,643
io
Net cash flow from operations
Cash flows from investing activities
Purchase of tangible fixed assets
10.512
160.327
{11.871)
{3,666
(11.871)
13,666)
Net {decrease) l increase in cash and
cash equivalents
(1.359>
156.661
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the
end of Ihe reportjng period
Cash & Cash equivalenls recowliation".
Cash at bank
315.386
158.725
314.027
315,386
314.027
315,386
Total cash & cash equivalents at the
end of lh8 reporting period
314,027
315,386
Prepared By Ajtert GocKlman LLP
13

School in a Bag
Notes to the Financial Statements
For the Year Ended 31 October 2024
Accounting pollcles
1.1 General Infonnation and basis of accountlng
School in a Bag is a company limsted by guaranlee incorporaled in the United Kingdom under Ihe
Companies Act. Each member of the charity undertakes to conlribule a maximum of £1 to the
charity's assets if it should be wound up while they are a member or within one year after they cease
to be a member. The address ol the registered office is given on page 2. The nature of the charity's
operations and its principal activities are set out in Trustees Report on pages 3-8.
The financial statements have been prepaied on the historical cost basis and in accordance with the
accounting and reporting by Charities-. Statement of Recommended Practice applicable to charilies
preparing their accounts in accordan￿ the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) (effeclive 1 January 20191- (Charites SORP IFRS 102)) and the
Companies Act 2006.
The charty meels the definilion of a public benefit entty under FRS 102. Assels and liabilities are
initially recognised at hislorical cosl or Iransaction value unless otherwise stated in the relevant
accounting policy.
The Trustees of School in a Bag have reviewed the position of the trading company, School in a Bag
trading Lld, and have determined that it meets the conditions necessary to be considered a
subsidiary of the Charity. however. the chariiy is part of a small group and the chariiy has taken
advantage of the exemption provided by Section 398 of the Companies Act 2006 and the Charities
Act 2011 and has not prepared group accounts.
1.2 Golng concern
The trustees assess whether the use of going concem is appropriate i.e. wheiher there are any
material uncertainlies relaled to events or conditions that may cast significant doubt on th8 ability of
the company lo continue as a going COn￿rn. The trustees make this assessment in respect ol a
period of at least one year from the date of authorisation for issue of the financial statements and
have concluded that the charity has adequate resources to continue in operational existence for the
foreseeable future and there are no material uncertainties aboul the charity's ability to continue as a
going concern. Ihus they continue to adopt the going concern basis of accounting in preparing the
financial slatemenls.
1.3 Income
Income from donations is recognised in the actounts when re￿1vable and the amount can be
reliably measured.
Income from grants is accounted for when unconditionally due and reasonable assurance can be
gained that it will be rerHved.
Income from inveslments is recognised in the a￿OUnts when re￿1Vable.
Prepared By Albert Goodman LLP
14

School In a Bag
Notes lo the Financial Staternents
For the Year Ended 31 October 2024
1.4 Expendlture
Expenditure is account8d for on the accruals Imsis. Liabiltties are recognised in the accounling
period to which they relate.
Governance costs cornprise all costs involving the p￿1b¢ a¢countabilty of the ¢harty and its
Complian￿ with regulation and good practice.
1.5 Flxed assets
Fixed assets are valued at cost less depreciation. No assets are capitalised uThJer £1.000.
Depreciation is calculaled to write off the Cost or valuation of fixed assets over their estimated useful
lives at the followng rate=_
Motor Vehicles
Fixtures & Fittings
Equipment
25Vo straight line
20Vo straight line
25% straight line
1.6 Inveslment In subsldiaries
The investment in the share capitsl of the charity's subsidiaries is stated al cost. Any toans to or from
the subsidiary are ststed at the value outstanding at the year end.
1.7 Debtors
Other debtors are recognised at the settlement amount due and prepayments are valued at the
amount prepaid.
1.8 Cash at bank and In hand
Cash al bank and in hand compromise cash on harKI and call deposits that are readily Convertible to
a known amount of cash and are subject lo an inS￿n[lICant risk of Change in value.
1.9 Credltors
Creditors and provisions ar& recognised where the charity has a present obligation resulting from a
past event that will probably result in the transfer of funds to a Ihird party and the amount due to
settle the obligation can be measured or eslimated reliably. Creditors are recognised at their
settlement amount.
1.1 O Taxation
The company is a registered tharty and is therefore not liable to corporation tax to the extent that
income and gains are applied for charitable purposes.
1.11 Fund accountlng
General funds are unrestricted funds receivable or generaled for the objects of the company without
lurther specified purpose and are available as general funds.
Restricled funds are to be used for specitic purposes as laid down by the donor. Exp8nditure which
meets this criterion is charged to the fund. together with a fair allocation of managament and support
costs.
1.12 Slocks
Slocks are valued at the cost and net realisable value, after making due allowance for obsolete and
slow-moving items.
Prepared By Albert G￿)drnan LLP
15

School in a Bag
Notes to the Financial Statements
For the Year Ended 31 October 2024
1.13 Financial Instruments
The charity only holds basic financial instruments as defined in FRS 102. The financial assets and
liabilities of the charity and their measurements are as follows-.
Financial assels- trade and other debtors are basic financial instruments and are debt instruments
measured at amortised cost. Prepayments are not financial instruments.
Cash at bank- is classrfied as a basic financial instrument and is measured at face value.
Financial liabililies - trade credilors, accruals and other credttors are financial inslruments, and are
measured al amortised cost. Taxation and social security are nol included in the financial
instruments disclosure definilion. Deferred income is not deemed to be a financial liability, as the
cash settlement has already taken place and there is an obligation to deliver services rather than
cash or another financial instrument.
Prepared By Albert Goodman LLP
16

School in a Bag
Notes to the Financial Statements
For the Year Ended 31 October 2024
2 Grants and donatlons
Unres•
tricted
Total
2024
Unres-
Aes-
tricted trlcted
Total
2023
tricted
Grant incorne
David and Ruth Lws Family Charity
Angus Law Memorial Trusl
Communty Foundalion for IrelarKI
20,000
14,922
20,000
14,922
7,823
7,823
Donatlons
Beechfield Brands
The Fitch Group
Funtasia
Golden Acre Foods
Zenergi Limrted
GfUK
125,0(yJ 125,(XXI
52,620
52,620
10,5(M)
lo.c￿3 20,CQO
10.Crf))
63,314
63,314
10,SC
10,(JJO
10,IJXI
20,000
12.C60
12,060
Other donations < £10.IXNJ
Gift ahj
276,727
11,197
47,883 324,610 128,948
13.697
52,389
195,OCQ 323,948
47,5
99,889
318.424
228,C103 546.427 284,534
277,422 561,956
3 Charltable a¢tlvitles
Unres-
trlcted
Totsl
2024
Unres-
trlct
Tolal
2023
trlcted
trfcted
Events incoff
11,947
11,947
571
571
11,947
11,947
571
571
Prepared By Albert Goojman LLP
17

School in a Bag
Notes to the Financial Statements
For the Year Ended 31 October 2024
4 Direct charitable expenditure
Unres.
tricted
Res-
tricted
Total
2024
Unres-
tricl•d
Res-
tricted
Total
2023
Grants to institutions
lo deliver school bags
to deliver Project Glenn
Glenn Oliver donations to Nepal
Olher donations
School bag cosls
Wages
Staff cosls
Rent
Insuran
Admin costs
Prinling, post, slationery elc
Computer software
Sundry
Accounting sofvare fee
Advertising and promotional
Subscriptions and memberships
Telephone & internet
Equipmenl hire and maintenance
Vehicle costs
Electricity
Office supplies
Other professional services
Accountancy fees
Bank charges
Depreciation
88,862
45,1 (Xl 133,962 1 C(J,438
177,50) 177,5C(I
13,50)
13,5C
3,686
59.208 146,454
75,581
2.571
5.175
3.024
29,922
65,000
130,360
65,000
3,686
87.246
75,581
2,571
5,175
3.024
1,726
58,879
75,372
1,794
3.625
1,454
827
1,211
1,168
721
569
1,808
505
979
1,181
3,962
4,105
260
21,604
3.960
1,320
2,567
1,726
58.879
75,372
1,794
3,625
1,454
827
1,211
1,168
721
569
1,808
505
979
1,181
3,962
4,105
260
21,604
3,960
1,320
2,567
1,103
89
1.103
89
625
3,279
641
1.583
4.384
5,573
2,761
172
18,192
2.428
1,164
4,610
3,279
4,384
5,573
2,761
172
18.192
2,428
1,164
4,610
314,054
295.308 609.362 290,035
94,922
384,957
Prepared By Albert Goodman LLP
18

School In a Bag
Notes to the Financial Statements
For the Year Ended 31 October 2024
5 Wages and salarles
2024
2023
Wages and salaries
Social securiiy cosls
Pension
67,000
6,915
67,C((I
6,736
1,636
75,S81
75,372
No individual employee was paid over £60,IJ)0 (2023.. none).
The key managemeni personnel of the charity is considered to be the chief executive. The lotal
costs to the charity of employee benefits for the key management personnel were £39,43812023.'
£39,438).
The average number of employees for the year was as follows:
2024
2023
Number of staff
6 Net incoming resources before transfers
2024
2023
This is slated after charging..
Depreciation
Accountants remuneralion - independent examinaton
- accountancy tee
4,610
618
1.810
2,492
3.360
Prepared By Altert Goc(Iman LLP
19

School in a Bag
Notes to the Financial Statements
For the Year Ended 31 October 2024
7 Tangible assets
Motor
Vehlcles
Fixtures &
fittings
Equipment
Total
Cost
As at 01.11.2023
Addilions
5,160
1,636
10,372
2,646
1,499
9,442
11,871
As at31.10.2024
5.160
12.IXI8
4,145
21,313
Depreclallon
As at01.11.2023
Charge for year
3.870
662
1,037
5,480
4,610
2.283
As al 31.10.2024
5,160
3,231
1,699
10,090
Net book value
As at31.10.2024
8,777
2,446
11,223
As at 31.10.2023
1,290
1,984
3,962
Prepared By Albert Goodman LLP
20

School In a Bag
Notes to the Financial Statements
For the Year Ended 31 October 2024
8 Investsmni
2024
2023
Shares in subsKlary undertakings
School in a Bag Trading Lld {¢ompany number 123863601 was incorporated on 6 January 2020 as a wholly
owned subsidiary of School in a Bag. The parent charity holds I CKIY. of the issued share capital and l OOa/.
of the voting rights of the subsidiary trading company. The company was dormant until 31 October 2021
and began trading on 1 November 2021. The summarised results of the trading subsidiary are given below..
2024
2023
Tumover
Cost of sales
281,693
(151,5531
205,986
(97,0931
Gross profit
Administrative expenses
130,140
152,7331
108,893
(47,6931
Operating profit
77,407
Profrt before taxation
77,407
61,2
Profit for the financial year
Retained eamiNJs brought forward
Gift Aid to School in a Bag
77,407
61,200
(61,2001
61,2￿)
42,629
{42,6291
Relained earnirrfjs carried forward
77,407
61.200
The aggregate of the assets, liabil￿e5, capital, a￿1 reserves was:
Assels
Liabilities
141,677
164,269)
102,283
(41,082)
Capiial and reserves
77,408
61,201
Prepared By Altert &x#Jman LLP
21

School In a Bag
Notes to the Financial Statements
For the Year Ended 31 October 2024
9 Debtors
2024
2023
Trade deblors
Olher debtors
1,156
28,129
1,316
28,129
10 Creditors- amounts due in less that one year
2024
2023
Trade creditors
Accruals and deferred income
Social security and olher taxes
Amounts owed to School in a Bag Trading Lld
Olher creditors
2,486
2,844
1,537
4,994
13,948
1,677
4,000
318
318
7,185
24,937
Deferred income
2024
2023
Deferred income at 1 November 2023
Released from previous years
Resources deferred in the year
20,000
120,0001
10,000
10,000
Deferred income at 31 October 2024.
20,000
As at 31 October 2023. Ihe charity was holding funds received in advan￿ for a donatTron from Fitch Group
for the 2023124 financial year.
Prepared By Albert Goodman LLP
22

School in a Bag
Notes to the Financial Statements
For the Year Ended 31 October 2024
11 Slatement ot Funds
Balan¢e
01.112023
Balance
31.10.2024
Transfers
Restrlctsd lunds
Project Glenn
David and Ruth Lewis Family
Charitable Trust
Glenn Oliver.. Nepal SchcK)IBags
Beechlield: core donation
Beechlield." SchoolBag donations
Filch Group - SchoolBag packs
AIG - SchoolBag packs
Greelwdl
177,51XI
{177,SC￿)
(5,1(M))
(13,5￿)
{40,[￿)
128,9CM))
{30,308)
13,5C(I
125,1
28.9C
S2.620
5,983
85,O¢JJ
22,312
5,983
2,OiJO
Tolal restricled funds
182,5C(I
228,IX)3
{295,3081
11x1
115,295
Unre8tr1cted luThls
General
Designated - Operational reserve 126.IM)
Designated - Beechlield core Wofk
318,117
{314,3351
(1Crt))
90,651
126,000
53,545
$3.545
Total unrestricted lund$
212,969
371,662
{314.3351
{100)
270.196
Tolal lunds
395,469
599,665
{609,6431
385,491
Slatemenl of Funds. prior year
Balance
01.11.2022
Expen
Iture
Balance
31.10.2023
Income
Translers
Restrlcted funds
Jus Law Memorial Trust
Project Glenn
David and Ruth Lews Family
Charitsble Trust
14,922
242.500
(14,922)
165.IXKi}
177,5LKI
{15.(￿}
Tolal reslrlcled funds
277.422
{94.922)
182,5
Unrestrlcted funds
General
16,559
Designated - OperalM)nd reserve 126,OCM)
Designated - Orchard House
30.473
330.256 {259,846)
86,969
126,0
{30,4n)
Total lunds
173,032
607.678
{385.241)
395,469
Prepared By Albert &x￿rnan LLP
23

School In a Bag
Notes to the Financial Statements
For the Year Ended 31 October 2024
Project Glenn - restricted funds lor the build and development of a teacher training institute in Nepal
gifted lo a UK charity to continue the project in line with the t8rms of the donation. School in a
Bag's involvement wilh this project has now finished.
David and Ruth Lewis Family Trust - funds received lo deliver school bags in Tanzania, Ghana,
Pakistan and the UK.
Glenn Oliver. Nepal School Bags - restricled funds received to deliver school bags in Nepal.
The Fitch Group - restricted funds received to deliver school bags.
AIG SchoolBags - restricted funds received to deliver school bags.
Beechlield School Build
restricted funds received for the build and development of a school in
Tanzania.
Beechfield SchoolBags- restricted funds r￿1Ved to deliver school bags.
Greelwell
Designated Beechlield Core Donation. This fund is put aside to cover core work costs as well as
implementing a CRN sy￿ern.
Designated - Operational reserve. This fund is to put aside the approximat8 Costs of operating the
charity for 6 months.
12 Analysls of net assets between fijnds
Unres
tricted
Total
un￿5-
Res-
2024 trict•d trlcted
Total
2023
tricted
Tangible assets
Investments
Net current assets
11,223
11,223
3,962
3,962
258,972
115,295 374,267
209,006 182,500 391,506
270,196
115,295 385,491
212,969 182,500 395,469
13 Related party Iransactions
Home Farm Breaks
During the year. the charity paid £7.936 {2023: £7.730) tor rent and utilities to T W Marsh and Sons, a
business which is owned by close family of the chief executive.
14 Company limited by guaranlee
The company was incorporated as a company limited by guarantee and has no share capital. The
guarantee to Ihe company is £1 per member on the winding up of the company. At 31 October 2024
the company had seven members and the total amount gLJaranteed was therefore £7.
Prepared By Albert Gocxjman LLP
24