School In a Bag
IA Charltsble Company Llmited by Guarantee)
Annual Report and Financlal Stalements
For the Year Ended 31 October 2025
Company Number: 11916624
Charlty Reglstered In England and Wales Number: 1186357

School In a Bag
Contents
For the Year Ended 31 October 2025
Pa
Contents
Reference and Adminislralive Details
Trustees, Annual RetM)rt
Independent Examiner's Repc*l
Slalement of Fina￿la1 A¢tivities
10
Balance Sheet
Stalement of Cash Rows
13
Noles to the Financial Statements
14-25
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School in a Bag
Reference ané Administrative Details
For the Year Ended 31 October 2025
Trustees and Dlrectors
D J Cocper
M O Fasosin
W P Hughes
D J Hutchinson
A J Mackie
C A O'Brien
Chlef Executive
L Simon
Company Number
11916624
Charlty Number
1186357
Prlnclpal Office and Reglstered Offlce
Home Farm
Main Street
Chilthorne Domer
Yeovil
BA22 8RD
Independent Examiner
Michelle Ferris Bsc (Honsl FCA DChA
Albert Goc(Iman LLP
Goodwood House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX
Prepared By Albert Go￿jMan LLP

School In a Bag
Trustees, Report
For the Year Ended 31 October 2025
The trustees, who are also directLYS for the purtLws of the Companies Act, present treir rep￿ and the
unaudited finanL?al statements of the charity the year ended 31 Octc4)er 202S.
The finanaal statements have been prepared in acc￿dan￿ with the acC￿nting wlici8s set (rtrt in note 1 to
the financial ststements and comply wf(h the charty's memorandum and articles of association, the
Statement of Recommended Practi￿ {SORP FRS 102 2019), and are in accordance with th8 special
provision relating to small companies Within Part 15 01 the CompanEs Act 2￿6.
Public benefit
The tiuslees report that the tharitable adivities, described in the "Mission statemenf. "Activitses. and
°Achievements and performarte" paragraphs. are for the public benefiL Tr trustees also confirm that they
have complied with section 17(51 ol the Charities Ad 2011 to have due regard lo the public benefit
guidan￿ published by the Charity Commisshm.
structu￿ governance and management
School in a Bag is an indeperKlent (tsity. registered number 1186357 aThJ a company limited by
guarantee, registered number 11916624.
The governing d(￿Ument is the memorarKlum arKI articles of ass(Kiati¢X dated 14 November 2019.
The following trustees WIK) are also directors for ttle purposes of C￿panY law. served during the year and
since the year end:
K J Brownhill (resigned 09 April 20261
D J Cooper
M O Fasosin
W P Hughes
D J Hutchinson
A J Mackie
C A O'Brien
Under the requirements of Ihe Mernorandurn and Art￿e$ of Assctialion, the trustees are elected to serve
for a period of three years after which they musl be rfrelected at ts next Annual General Meeting.
All trustees are already farniliar wilh work of the charity pri￿ to their involvement. Each trustees
re￿iVeS a¢￿$$ to a Trustee Induction path containiThJ financial and legal infonnation relatirvJ to the charty
alor¥Jside a code of conduci and relevant ￿lIcies.
None of the Irustees has any beneficial interest in the ¢ompany. All of the truslees are members of the
company and guaranlee to contrtrjute £1 in event of IKiuhJation of the ￿rnpany.
The trustees attend board meetings quarterly aThJ are reswnsible for strategic dire¢ti¢)n and policy of
the ¢harity. A separate Financial Sub Committee meets prior to the trustee meetings to provide additional
financial scrutiny and guidance. ResF4)nsibilty for the management and q)eration of the company during
the peri¢Jd was entnL¥ted to the Chief Exe(xrtive, L Simon.
Prepared By Albert Gcdman LLP

School in a Bag
Trustees, Report
For Ihe Year Ended 31 Oclober 2025
Purposes and Aims
Our charity's purposes as set OLrt in Ihe obiecls contained in the company's memorandum of association
are lo..
advan￿ the ed￿tion of children by SLth charitable means as the trustees decide.
The main aim of the charity is lo proV￿e and dislribute SchoolBags containing educational and health
supplies to disadvantaged, poor and disaster affecled children around the world, increasing educational
attainment and atterKlance at school.
Alongside this the charty supports the development of new sthool buildings and facilities. Our aims fully
reflect the purposes thal Ihe charty was set up to further.
Mlsslon
School in a Bag provide njcksacks full ol educational. hygiene. eating and drinking supplies to enable
dlsadvantaged, orphan and roverty-stricken children around Ihe world to access an education.
Values
Equity- School in a Bag support children in dl countries regardless of race, p)litics or relig￿n.
Empowerment - The charity works with Itxal partners on the 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 Irackable from point
of donation to recipient, providing complete donor transparency.
A¢tlvltles
The charity and trading subsidiary have continued to grow and develop this financial year despite the
changing economic climate and worldwide wlitical unrest. Demand for the support of children around the
world continues to be strong with 272 million children still out of sc￿)1 according to revised UN figures in
2023.
During the peri¢>J, over 9.0(￿ SchoolBags were dislributed acxoss 7 countries using our 'in country, delivery
model including supporting flooded communities in Pakistan. Palestinian refugees thaled in Egypt and
working with long terms partners in Tanzania. Nepal. India. Sri Lanka and Ghana.
An addilional 5224 UK packed SchoolBags were shipped via contaner to The Gambia and SerEgal and
other shipments were distributed to Romania. Kenya and Sierra Leone.
The charity also continued to glow its impacl in Ihe Uniled Kingd(Mn supptying refugee SchoolBags to
displaced children from Afghanistan and Ukraine. now located in Shelfield. Wakefield, Somersel and
Norfolk.
Prepared By Albert (&xrfiman LLP

School In a Bag
Trustees, Report
For Ihe Year Ended 31 October 2025
Work with corporate partners c(w)tinues to be a key work stream for the tharity in terms of both nurturing
existing relationships and building new ones. Beechfield remain a key partner Ihrough the 1% For The
Planet project and this year, Ihe charty had the oppjrtunty to attend the 1 Yo conferen￿ in L0ndC￿ as part
of Beechfi81ds stand. This crealed a unKiue opwrtunty to meet other organisalions and expand networks
and contacts which have led to new optM)rtunriies for the charity.
Alongside Beechfield the charity cortinue to w(Yk wilh FITCH. Eversheds aThJ AIG and in addition have
held SchoolBag packing events wilh a further 10 organisations which included a visit to Malta with R￿ph
Lauren, where the Sck￿>)18ags packed were distrilxrted into Iccal schools.
We also continue to receive support from smaller organisations through regular donations when new Clients
are ontrKJarded and have procured a new supplier wh) also funds S(*KdBags based on the amount of
slock purchased.
Education is a key fows for the charity and this year we recruited a part time Schools Liaison Officer which
has been a fantastic addition to the team. The Off has generated l¢)ts of support and interesl in the
charity working with over 22 s¢hc#)Is a¢XOSS their first 9 months gerEr*ing funds and packing SchoolBags.
Alongside Ihis Ihe charty ￿ntInUeS to develop ￿r￿uluM-baSed resour￿ to widen its ofler to UK schools
and has trialed these in several xhods. We have also piloted Ihe construction of the first ClassBox, a box
full of learning resour￿ and equipment to enhance dassroom arka schcol envIr￿Ments where
SchoolBags are distributed around the world.
At thè heart of ow UK based otwations ￿ 4wr waretrmjuse its team of dedicated volunteers. This year
we invested further inlo this crilical infrastruciure installing additional racking io hold greater quantities of
stock which we can purchase as more preferential rates and as we continue lo grow our reach arKI the
amount of SchoolBag packs taking Pla￿ across the year.
The charty's tradirYJ subsidiary again ran a very successful Home Fam Festival, the first ever to sell out
completely before the event. Home Fam Festival 18 took place in June 2025 and welcomed just undèr
5000 on site at the (*witys headquarters over the 3 day perbjy making approximately £139k profit in spite
of a very wet Saturday.
During ihe event 439 sc￿1Bags were packed, 57 more Ihan lasl year. which were shipped to Senegal.
Alongside the packed SchoolBag Income of £9293, an additi￿al £3,612 was raised directly by the charity
al the event frorn text donations. bucket collections, adding a £1 to your round, fun run entrance fees and
donations when purchasirvJ t￿kets.
As with the wevious year, lickets went iy) sale for next years Home Fami Feslival IHFF19) during th8
weekend and a week after Ihe event which provhjed over £84k of sales for 2026 event, £23k more than
the previous year. After the success of HFF18 plans have been made to amend the li￿nse for Ihe event to
increase attendee numbers with a view to maximizing incorne generation.
In the last financial year trustees made several decFAons whtrth have come Into fruttion in Ihis period
inclLKling the appointment of additional slaff arxl worf( on a CRM system. There i8 still work to be done to
address capacity issues an(1 up3rade systems prctesses within the organisation and trLSStees are
committed lo Ihe k)ng ierm plannirwJ and imFdementati￿ of this.
It ts likely ihat 2026 will continue to be a time of transition arKI chan9e as the organisalion flexes with
Changes to the political arKI eC0￿MiC landscape and k)oks to contwiue lo diversty its incwE and wotect
its k)ng-term future.
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School in a Bag
Trustees, Report
For the Year Ended 31 October 2025
Achievements and perforniance
The charty is particularty proud of Ihe following achievemenls over the period :_
Welcoming Egypt as t1￿ 591h ￿untry that the charity works in.
The delivery of another Home Farm Fe*ival thrO￿h the charty's tradirvJ subsidiary, the first which
sold out of all tickets prior to the event.
The creation of the first pilot ClassBox. developirvJ a new strand of w¢yk for the charity and meeting
addilional needs in our partner countries
The agreement of a Sing￿ donor lo 'malch' the profit from Home Farm Festival as a donation to the
charity lo fund SchoolBags. This equated to a single donation of $191,010.
The appointment of a Sch(K)Is Liaison olfi￿r and Administrator to strengthen Ihe core team of the
charity and the onboarding of an additiond freelano team mem￿1 lo support fundrai8ing events
and aclrvities, all adding Valuab￿ capacity and additional skills to the organisation.
The completion of works to the warehouse with the installation of additional rackirKJ to maximise
buying potenlial and to house greater levels of stock to meet demand for SchoolBag packs.
Flnanclal revlew
The charity generated income of £682,449 of wh￿h £230,372 was restricted (2024- income of £599,665 of
whi¢h £228.003 was restrided). With expenditure of £544,1)J5 (2024 - £609,643), this lead to a surplus for
the year of £138.444 (2024 - del￿1 £9.978) of which a deficit of £5,750 was restricted (2024.. £67,205
deficit). Nel assets as al the end of the finanaal year were £523,935 (2024 - £385,491) of which £109,545
was restricted12024-. £115,295).
Reserves policy
There is ¢urrentty no formd reserves policy in place however the Trustees have agreed in principle lo hold
a minimum of 3 months operating costs for the charity as reserves with a larget to achieve 6 months. An
estimation ol the costs of operating ihe charity for 6 months (being £126,000) has been put aside as
designated income in Ihe accounts- the Trustees believe that this reserve w(yJld be necessary to organise
a orderly wind down of the charty should it be required.
In addition, the charity has designated funds for a particular project which did rvjt meet the definition for
restricted. but the Trustees wish to honour the inlentsd purwse of the (k)nalion.
The Iree reserves of the charity amounted to £404.174 on 31 Octobei 2025 {2024: £258,972). After Ihe
designated costs noted above are taken account of, the chartty holds £148,033 {2024'. £79,427} in free
reserves - which the Trustees intend to reinvesl in the operaiions of the charity. providing flexibility Wlth
regards to the projects supported.
Prepared By Albert &)odman LLP

School in a Bag
Trustees, Report
For the Year Ended 31 October 2025
Future plans
The charty and trading subsidiary are mirthl of the need to (x)nlinue to increase revenue and diversify
Iheir income streams. The organisalion is continuing tls plans to transilion the charity and trading company
inlo a sustwnable entity and intends to Work on its bjsiness develc¢)ment ￿anS and income generatirKJ
aclivf(ies, part￿larlY in creating new incorne gereration mL*J&ls tor the tra(*ng company.
The charity will continue lo focus on the distribution of SchcdBags to thik*en in need around the workl.
For the 2025 to 2026 financial year the charity has prM)ritised the folk)wing.'_
The distribution ot 15,OC(I Sch(M)IBags to chiklren in wl tdh in the UK and around the worfd.
The conlinued development ol the ClassBox including pikx distribLJtions to 3 countries.
The delivery of HFF19 with a increased ¢apacty
The implantation of a new CRM system and prI￿seS to refine rKo¢esses and systems wilhin the
charity.
Risk management
The organIsat￿)n has a risk register and risk in place.
The trustees have wtsidered the major risks to which the tharity is expc6ed. Tr Trustees actively review.
and upjate systems and prttedures to manage perceived risks apFxopriatsty.
Prepared By Altert &#)dman LLP

School In a Bag
Trustees, Report
For the Year Ended 31 October 2025
Statement of Trustees. Responslbililies
The truslees {who are direclors of School in a Bag for the purposes of company lawl are responsible tor
preparing the Trustees, Annual Report (incorporating the Directors, Rep￿1 and the financial slatemenls in
accordance wtth applicable law and United Kingdom Accounting Standards. including Financial Reporting
Standard 102 The Finanaal Reporting Standard applicable in the UK and Republic ol Ir818nd IUnit8d
Kingdom Generally Accepted AccountirKJ PraclTr).
Company law requires ts trustees to prepare financial statements for eath financial year whi¢h give a true
and lair view of the slate of affairs of the chariiable company and Ihe income and expenditure of the
charilable company for that period. In preparing these financial slalements, the trustees are required to:
select suitable a¢countiNJ policies and then apply them cortsistenlty;
observe the methods an(1 principles in the Charities SORP,.
make judgments and eslimales that are reasonable and prudent.,
state whether applicable UK Accounting Standards have been followed. subject to any materlal
departures disclosed and explained in the financial statements. and
prepare the linancial statements on the going concern basis un￿sS it is inappropriate to presume
Ihal the charit*le company will conlinue in busirEss.
The trustees are responsiLle for keepirwJ adequate ￿)untIr￿ records that disclose with reasonable
accuracy al any time the financial position of the chartlable company enable them to ensure Ihal the
financial statemènts comply with the Companiès Act 2006. They are also reswnsible lor safeguarding the
assets ol the charitable company and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities and are responsible for the maintenance and integrity of the corporate and
financial intormation on the charty's website.
Signed by order ol the trustees on .
Trustee
Prepared By Albert Goodman LLP

School in a Bag
Independent Examiners. Report to ts Trustees
For the Year Ended 31 October 2025
Independent examIne￿5 report to the trustees of School in a Bag
I rewrt to the charty tr￿eeS on rny exarnin*ion of the axounts of SctrK)ol in a Bag (Yhe Companfl for
the year ended 31 October 2025.
Responslbllllles and basis ol report
As the charity's trustees of Ihe Company (and also its directors for the purposes of company lawl you are
responsible for the preparalion of accounls in aCC¢Xdan￿ with the requirements of the Companies Act
20061lhe 2006 Acll.
Having satisfied myself that the aco)unls of ts C￿npanY are not required to be audit8d urTrJer Part 16 of
the 21￿6 Act and are elKJible for independenl examinalion, I report in respect of my examination ol your
charity's accounts as carried out under section 145 of Ihe Charities Act 2011 {Ihe 2011 Act.). In carrying
out my examinat￿n I have folk)wed the Directions given by the Charity CommissiC￿ under section
1451Sllbl of the 2011 A
Independent examlnerfs sLitement
Slnce the Company's gross income eXL￿led £250,000 your examiner must be a member of a body listed
in section 145 of the 2011 Ad. I conh'mi that l am qualffied to undertake Ihe examin*ion because l am a
member of the Institute of Chartered A¢¢ounlants in ErvJlaTrJ and Wales, whi(* ￿ one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention In
connection with the examinatton gmng me cause to believe tt)at in any malerial respect..
1. accounting records were r￿l kept in respect of the Company as required by section 386 of the 2(K16
Act: or
2. the accounts th) not comply with these re¢ords', or
3. the accounts do not comply wtlh the accounting requirements of section 396 of the 2c￿6 AIX other
than any requirement that the accounts give a Irue and I￿r Vie￿ wh￿h is not a fflatter consider8d
as part of an independent examnation: or
4. the aCco￿lS have not been prepared in accordance w51h the methods and principles of the
Statement of Re¢X)mmended Pradice for accounting and rewrting by ¢haritiès applicable to
charities preparing their accounts in accordance with the Financi￿ RerJ)rtiry Slandard applicable in
the UK and ReputAic of Ireland (FRS 102).
I have no concerns and have cm across no other malters in conneclh)n wilh Ihe eXaMinat￿n to which
attention should be drawn in this report in order to enable a woper urnlerslanding of the accounts to be
reached.
Ferris Bsc (Hons) FCA DChA
Albert G¢Jodman LLP
Chartered Accountants
GoodwtJc*J House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX
Dated: a.l.1. 071acQ.&..
Prepwed By Albert Gc(•Jman LLP

School in a Bag
Statement of Financial Activities (including Income & Expendilure account)
For the Year Ended 31 Oclober 2025
2025
Total
2024
Total
Unres
tricted
Rfr
strfded
Unres
trlcted
Notes
stricled
Income
Grants and donations
Charitable acts'vities
Other trading aclivites
Management charge income
299,356
26,782
84,272
41,667
230,372
S29,728
26.782
84,272
41,667
318,424
11.947
2,134
39,157
228.Ll)3
546,427
11.947
2,134
39,157
Total income
452,07T
230,372
682,449
371,662
228,003
599,665
Expendlture
Raising funds
Charitable activilies
7,927
7,927
299,956 ￿,122 536,078
281
314,054
281
295,308 609,362
Total expendlture
307,883
236,122 544,005
314,335
295,308
609,643
Net income l (expenditure)
lor the year before transfers
144.194
(5,7501 138,444
57,327
(67,3051 19,978)
Transfers
11
{1 LNJI
Net movement In lunds
144,194
(5,750) 138,444
57,227
(67,205) {9,978)
Reconciliation of funds
Total funds brought forward
270,196
115.295
385,491
212.969
182,5CKJ
395,469
Total funds carried forward
414,390
109,545 523,935
270,196
115,295
385,491
The results for the yeaf derive from continuing activities and there are no gains or losses other than those
shown above.
The statement ol financial activities incorwrates the income and expenditure accounl.
Prepared By Albert G(xMJman LLP
10

School in a Bag- Company Aé91¥￿tIon Number: 11916624
Balance sheet
As at 31 October 2025
2024
Fixed assets
Tangible fixed assets
Investments
10,216
11.223
10,217
11,&4
Current assets
Slock
Debtors
Cash at bank and in hand
122,149
66,109
1,316
314,027
5(KI,2S3
673.(￿6
381,452
Credltors
Amounls fallirvJ due within one year
10
{159,348)
(7,185)
Net current assets
513.718
374,267
Net assets
523,935
385,491
Funds
Restrlctsd funds
11
109.545
115,295
Unrestricted funds
Designated funds
Unrestricted funds
256.141
158,249
179,545
90,651
414.390
270,196
Total charlty lunds
523,935
385,491
Prepared By Albert G(Kdman LLP
11

School in a Bag- Company Registration Nurn￿r: 11916624
Balance sheet
As at 31 Odober 2025
These accounts have teen prepared and delivered in accordance wilh the special provisions relating lo
small companies within Part 15 of Ihe Companies Acl 21))6 and the Financial Reporting Stan¢Jard
applicable in UK and Republic of Ireland {FRS 102).
For the year ending 31 Octoter 2025 the company was entitled lo exemption under section 477 of the
Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordan￿ with se¢tion 476 of the
Companies Act 2006. The directofs acknowledge their responsibiltties for complying with the requirernenls
of the Act with respect to accounting records and the preparation of accounts.
Approved by the Board for issue (M .
arKI signed on its behalf by..
D J Hutchinson
Trustee
Prepared By Albert Goodman LLP
12

School in a Bag
Statement of Cash Flows
For the Year Ended 31 October 2025
2025
2024
Notes
Cash Ilows from operatlng activities
Net {expendf(ure) l income for Ihe year
Adjustments to cash flows from Th)rpcash items:
Depreciation and amortisation
138.444
19.978)
3.893
4,610
142.337
(5,368)
Working capital adjuslmenls
Decrease I (increase) in stocks
Decrease I lincreasel in debiors
(Decrease) l increase in creditors
156.0401
149.3481
152.163
6,819
26,813
{17,7521
10
Net cash flow frcrfn opefalions
Cash flows from investlng actlvltles
Purchase of tangible fixed assets
189.112
10,512
(2.8861
111.871)
(2,886)
(11.8711
Nel (decrease) l increase in cash and
cash eqtsivalents
186.226
(1,3591
Cash and cash equivalents al the
beginning of the reporting period
Cash and cash equivalents ai the
end ol Ihe reporting period
314.027
315,386
500.253
314,027
Cash & Cash equivalents recortiliation:
Cash at bank
314,027
Total cash & cash equivalents at
end ol the reporting perK*
314,027
Prepa￿d By Albert G￿jMan LLP
13

School In a Bag
Noles to the Financial Statements
For the Year Ended 31 October 2025
Accountlng pollcles
1.1 General Informatlon and basls ol accountlng
School in a Bag is a company limited by guarantee incorporated in the United Kingdom under the
Companies Act. Each member of the ¢harity undertakes to Contribute a maximum of £1 to the
charity's assets if il should be wound up while they are a member or within one year after they ￿ase
lo be a member. The athjress of the reg￿ered office is given on page 2. The nature of the charity's
operations arbj its principal activities are sel out in Ihe Trustees Report on pages 3-8.
finanaal slatements have been prepared on the hislorical cost basis and in accordance wilh the
accounting and reporting by Chartlies.. Slatement of Recommended Practice applicable to charilies
preparing Iheir accounts in accordance with the Financial Reporting Standard applicabk9 in the UK
and Republic of Ireland IFRS 1021 (effective 1 January 2019)- {Charites SORP (FRS 102)) and the
Companies Act 2006.
Th8 charty meets the definition of a public bereftl entity under FRS 102. Assets and liabilities are
initialty recognised at historical cost or transaction value unless othepNise staled in Ihe relevant
a¢¢ounting policy.
Trustees of School in a Bag have reviewed Ihe Frjsition of the Irading company, School in a Bag
trading Ud, and have determined that it meels Ihe condits'ons necessary to be considered a
subsidiary of the Charity. however, the charity is part of a small group and the charily has taken
advantage of the exemplion provided by Secth)n 398 of the Companies Act 2006 and the Charities
Acl 2011 and has not prepared group accounts.
1.2 Golng concern
The trustees assess whether the use of going concem is appropriate i.e. whether there ar8 any
material uncertainlies related to events or conditions that may cast significant doubt on the ability of
the Company to ¢oniinue as a going cOn￿rn. The trustees make this assessment in respect of 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 conlinue in operational existence for the
foreseeable future and Ihere are no malerial urtcertainties about the charity's ability to continue as a
going concern, thus Ihey continue to adopt the going con￿rn basis of accounting in preparing the
financial stalements.
1.3 Income
Income from donations is recognised in Ihe accounts wtr￿n receivable and Ihe amounl can be
reliably measured.
Income from grants is accounted for when urKonditK)nally due and r8asonable assuranc8 can be
gained that it wll be received.
IrKome frcrfn investrnents is recognised in the accounts when receivable.
Prepared By Albert G)odman LLP
14

School in a Bag
Notes to the Financial Statements
For the Year Ended 31 October 2025
1.4 Expenditure
Expenditure is accounted for on the accruals basis. Liabilities are recognised in the accounting
peric￿1 lo which Ihey relate.
Governance costs comprise all costs involving the put1￿ a(xountabilty of the charity and its
compliance with regl￿at￿￿ and ￿ practth.
1.5 Flxed assets
Fixed assels are valued at cost less depfedation. No assets are capitalised under £1,OCrt).
Depreciation is calculated to write off the cost or valuation of fixed assets over Iheir estimated useful
lives at the following rate'.-
Molor Vehiles
Fixtures & Fittings
Equipment
25% straKJht line
20% straKJht line
25% straKJht ￿ne
1.6 Inveslmenl In subsidiaries
The investment in the share caprial of the charty's subsidiar￿$ is stated at cost. Any loans to or from
tha subsidiary are staled at value OLJtsianding at the year end.
1.7 Debtors
Other debtors are rec(>Jnised al ts setdement amount due arKJ prepayments are valued at the
amount prepaid.
1.8 Cash at bank and In hand
Cash at bank and in harKI compromise cash on hand and call deFxJsits that are re&Jily Convertib￿ lo
a known amount of cash and are subjecl lo an insignrfwit risk of change in value.
1.9 Creditors
Credilors aThJ provIs￿n$ are reccKJnised where Il* charty has a present Obl￿jaIlon resulting from a
pasl event that will prtjbably result in the transler of funds lo a third party and thè amount due to
settle the ¢)IAigation can be measured (K eslimaled reliabty. Creditors are recognised at their
settlement amount.
1.10 Taxallon
The company is a registered ¢harty and ts therefore not liable to corpor*ion tax to the extent that
income and gains are applied for charitable purposes.
1.11 Fund accountlng
General funds are unrestricled fu￿lS receivable or generated for the objects of the company withoul
further specified purpose and are available as general funds.
Flestricled funds are to be used for Speerf￿ purposes as laid (k)wn by the do￿￿. Expenditure whith
meets this crIter￿n is charged lo the fund, togett*r wtlh a fair alk)cation of management and supptyt
costs.
1.12 Slocks
Stock5 are valued at the cost and net realisable vahje, after making due allowance for ctsolete and
slow-moving items.
Donated st¢xks are accounted for as stc(* (wilh corresponding enty goiThJ to income) at the
value that the charty would have paKI for equivalent st(*J(.
Prepa￿d By Albert Goc*Jman LLP
15

School In a Bag
Notes to the Financial Statements
For the Year Ended 31 October 2025
1.13 Financial instruments
The charity only holds basic financial instruments as defined in FRS 102. The financial assets and
liabililies of the charity and their measurements are as folbws..
Financial assets - trade and other deblors are basic financial instruments and are debt instruments
measured at amortised cost. Prepayments are not lirkincial instruments.
Cash at bank- is dassified as a basic financid instrument and is measured at face value.
Financial liabilities - trade credtlors, accruals and other creditors are financial instruments, and are
measured at amortised cosl. Taxation and scoal security are not included in the financial
instruments disclosure (lefinttion. Deferred income is not deemed to be a financial liability, as the
cash settlement has &ready taken place and there is an obligation to deliver services rather than
cash or another fina￿1￿ instrumenL
Prepared By Albert &oJman LLP
16

School In a Bag
Notes to the Financial Statements
For the Year Ended 31 October 2025
2 Grants and donations
Unres•
Irlcted
Unre$-
Re
tricted tricted
Total
2024
tri¢led Totsl 2025
Donations
Beechfield Brands
The Frtch Group
AIG
Golden Acre Fthjds
Glenn Crfiver
FunLqsia
105,f)X)
72,594
22,728
10,C(K)
10,C(K)
105,IX(I
72,594
22,728
10,IX(I
10,0
125,C¥JO
52,620
125,OCKJ
52.620
I0,L￿)
10,0
10,5(M)
10,OLKJ
10.OCKJ
10.5¢)J
Other donat￿nS < £10,OIXI
Gift aid
283.306
16.050
10.050
293,356 276,727
16,050
11,197
47,883 324,610
2,5¢XI
13,697
299.356 230.372
529,728 318,424
228,003 546,427
3 Charitsble activities
Unres-
lricted
Unres.
trl¢ted
Total
2024
tri¢ted Total 2025
trlcted
Events ¥icoffle
26,782
26,782
11,947
11,947
26.782
26,782
11,947
11,947
Prepared By Altert G((¢Jman LLP
17

School In a Bag
Notes to the Financial Statements
For Ihe Year Ended 31 October 2025
4 Dlrect charitable expendltu
Unres-
tricled
Unres.
tricted
Re>
trlcted
Total
2024
tricted Totsl 2025
Grants to inslilutions
to deliver school bags
- to deliver Project Glenn
- Glenn (Jiver dmations to Nepal
Other donations
School bag costs
Wages
Staff costs
Rent
Insurance
Admin costs
Printing, post, stab'onery etc
Computer software
Sundry
AccounlirvJ software fee
Advertising and promotional
Subs¢ripiions and memberships
Telephone & internet
Equipmenl hire and maintenance
Vehicle costs
Electricity
Office Supyies
Other professional servKes
Accountancy lees
Bank charges
Depreciation
125.453
50,796
176,249
88,862
45,100
177,500
13,500
133.962
177,500
13,500
3,686
146,454
75,581
2,571
5,175
3,024
801
1,103
89
504
625
3,279
641
1,583
4,384
5,573
2,761
172
18.192
2,428
1,164
4,610
10,0
10,OC(J
3,686
87.246
75,581
2,571
5,175
3,024
175.326
175,326
95,1 C(J
10.1CI8
5,4
2,168
59.208
95,1(KJ
10.1C
5,400
2,168
2,185
70
502
763
1,9)2
2,185
70
502
763
1,902
1,103
89
625
3,279
1.8C6
1.414
5,189
3,126
2,253
25,705
3.992
2,706
3,893
1,583
4,384
5,573
2,761
172
18.192
2,428
1.164
4,610
1.414
5,189
3,126
2,253
2S.705
3.992
2.706
3,893
299.956
236.122
536.078 314,054
295,308 609,362
Prepared By Albert Gotsjman LLP
18

School in a Bag
Notes to tIE Financial Slatemenls
For the Year Ended 31 October 2025
5 Wages and salaries
2025
2024
Wages and salaries
Social security costs
Pension
92,917
67,000
6,915
1,666
2,183
95,100
75,581
No Individu￿ employee was pawj over £60.(￿(2024'. none).
The key management personnel of the charity is considered to be Ihe chief executive. total
costs to the charty cl employee beneftls for the key management personnel were £43.502 (2024:
£39,438).
The average number of empbyees for the year was as folkn¥s:
2025
2024
Number cé staff
6 Net Incomlng resouices before transfers
2024
This is stated after tharglYJ:
Depreciation
Acc￿ntants remuneration - indepeThJenl examinaton
. ac0￿ntar￿Y fee
3,893
637
3.355
4,610
618
1,810
Prepar8J By Albert G(¥)Jman LLP
19

School in a Bag
Noles lo the Financial Statements
For the Year Ended 31 October 2025
7 Tangible assets
Motor
Vehicles
Flxtures &
fittings
EqU1pn￿nt
Total
Cosl
As at01.11.2024
Addrtions
5.160
12.008
2.886
4,145
21,313
2,886
As at 31.10.2025
5,160
14.894
4,145
24,199
Depreciation
Asat01.11.2024
Chafge for year
5,160
3.231
2.856
1.699
1.037
10.090
3,893
As at 31.10.2025
5,160
6,087
2.736
13.983
Net book value
As at31.10.2025
8,807
10.216
As at31.10.2024
8,777
11,223
Prepared By Albert Go￿jMan LLP
20

School in a Bag
Notes to the Financial Statements
For the Year Ended 31 October 2025
8 Investment
2025
2024
Shares in subsidary undertakings
School in a Bag TradirKJ Lld (company number 1Z386360) was $r￿r￿)rated cn 6 January 2020 as a wholty
owned subsidiary of School in a Bag. The parent charty holds 1 of the issued share capilal and 100Y
of the voting rights of Ihe subsidiary trading company. company was dormant until 31 October 2021
and began trading on 1 November 2021. summarised results of the trading subshliary ar8 giv8n b810w'.
S¢hool In a Bag Trading Ltd
2025
2024
Tur￿Ver
Cost of sales
324,352
(204,365)
281.693
(151,5531
Gross profit
Administrative expenses
119,987
(71,1￿)
130,140
152,7331
OperatirvJ profit
48.797
77,407
Olher inler8St receivab
Profit tefore taXat￿n
48.982
77,407
Profit for the fIna￿la1 year
Retained eamings brought forward
Gift AKJ lo S¢hool in a Bag
48.982
77.407
(77.407)
77,407
61,200
161,2001
Retained eamiros carried lorwrdrd
48,982
77,407
The aggr￿ale of the assets. IkqtHlit*s. capilal, reserves was:
Assets
LHbililies
178.285
(129,302)
141,677
(64,2691
Capital and reserves
77.408
Prepared By Albert Gcojman LLP
21

School in a Bag
Notes to the Financial Statements
For the Year Ended 31 October 2025
9 Debtors
2025
2024
Trade debtors
Amounts owed by group undertakiThJs arKI undertakir@s in which the company
has a pathcipating interest
Other debtors
8,173
160
41,667
824
1,156
50,664
1,316
10 Credltor8- arnounls due In less that one year
2025
2024
Trade creditors
Accruals and deferred income
Social security and other taxes
Other creditors
13.215
144,650
1,483
2,486
2,844
1,537
318
159.348
7,185
Deleried Incorne
2025
2024
Deferred income at 1 November 2024
Released trom previous years
Resources d8lerred in the year
20.0
120.000)
141,721
Deferred income at 31 Octol￿ 2025.
141,721
Prepared By Albert Gc¢)dman LLP

School in a Bag
Notes to the Financial Statements
For the Year Ended 31 October 2025
11 Statement ol Funds
BJlon¢•
01.112024
Exp8n
Ilure
Balance
31.102025
Trnnsfors
Reslrfcted funds
Glenn Oliver.. Nepal SchcdBags
BeeChI￿ld.. core donation
Fit¢h GTOUP- SchcdBag packs
AIG . SchcdBag packs
Greelwell
ROS￿ May
Gdden Acre
Sahar Massc(*J . 4C(I S8s
10,rxo
105.(M)O
(lo,(￿)
(106.1621
(73.2491
28,7111
12,(KXII
12.(ts)I
I10.(￿)
14,IXQI
83,838
21,657
22.312
22,728
10,(1)O
4,050
Totsl r•strlcted
115,295
230,372
(236,1221
109,545
Unre8tslcted funds
General
Deslgnaled- (Wra￿nal resefve
Designated - Beechliekl core VA)
Designated - Beechr￿]￿ donated ￿￿￿￿15*
,651
126.(
371.166
(S)3,5681
158,249
126,¢J)O
53,545
76,596
eKJ,911
14.3151
Totsl unr•slrf¢t•d funds
270,196
452.077
{307.8831
414,390
Totsl fund$
385.491
682.449
1544.CQ51
523,935
Prepared By Albert ¢3x¥Jman LLP
23

School In a Bag
Notes to the Financial Statements
For the Year Ended 31 October 2025
Statement of Funds- prlor yur
Balance
01.11.2023
Balance
31.10.2024
Income
Iture
Tran8fer8
R•strlct¢d lunds
Project Glenn
David and Ruth Lewis Famity Charilabkn Trusl
G￿nn Oliver: Nepal Schoo18ags
Beecmield.. core donation
Beechlield.. SchoolBag donations
Fitch Group. SthoolBag packs
AIG . Sthoo18ag packs
Greetwell
177.5C(I
{177,5C#Jl
15,1001
113.5C(JI
140,(￿)
128.9)01
{￿,308)
100
I3.￿)
125.C(X)
85,OJO
22,312
Total rgstrfcted lundg
182.50)
228.CI)3 1295,308)
115,295
Unrestrlcted funds
General
DeS￿nated- OFera1wJnal reserve
Des*Jnated- Beechliekl core
86.969
126,0
318.117
1314.335}
110)}
90.651
126.C
53,545
Total unreslrlcted funds
212,969
371,662
1314,3351
270,196
Totsl funds
395.469
599.665
1609.6431
385,491
Project Glenn- restricled funds for the build and development of a teacher training institute in Nepal
gifted to a UK charity to continue the projeLX in line with the temis of the donation. School in a
Bag's involvement with Ihis 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 - restricted funts received to deliver sthool bags in Nepal.
The Fitch Group- restricted funds re¢eived to deliver schwl bags.
AIG SchoolBags- reslricted funds received to deliver schcrf)I bags.
Beechfield SchocA Build - restricled funds received for the build aThJ development of a school in
Tanzania.
Beechfield SchoolBags - Testricled funds received lo deliver school bags.
Greelwell - restricled funds received to deliver sd)ool bags.
Rosie May- restricted lur)ds received io deliver school bags.
Sahar Masood - restricted fu￿lS received lo deliver school bags.
Golden Acre - reslyicted funds reoived to deliver xhool bags.
Designated - Beechfield Core Donation. This fu￿1 is pul aside to cover core work costs as well as
implementing a CRN system.
Designated - Operational reseNe. This lund is to put aside the approximate costs of operating the
charty for 6 months.
Prepared By AlÈert Gwjman LLP
24

School in a Bag
Notes to the Financial Statements
For the Year Ended 31 October 2025
12 Anatysl$ ot net assets belween tunds
Unres-
tricled
Unres-
Res.
trided trlcled
Total
2024
tricted Total 2025
Tangible assets
Investments
Net current assets
10,216
10,216
11,223
404,173 109,545
513,718 258,972 115.295
374,267
414.3
109,545
5¥3.935 270,196 115,295
385,491
13 Related party transactions
Home Farm Break
During the year, the charity pahy £9.017 (2024: £7,936) for rent and ulililies to T W Marsh and Sons, a
business which is owned by close famity of the Chief executive.
During the year, two trustees d￿ated £3.000 to the tharity (2024.. £nil}.
Sch￿1 in a Ba Tradin
Ltd
During the year. the charity charged managemenl fees of £41.667 (2024.. £39.1571 to its subsidiary,
whlch was Ind￿ in debtors due under one year * the year end (2024: £nil).
14 Company Ilmlted by guaranlee
The Company was incorporated as a ccrfmpany limited by guarantee and has no share capilal. The
guarantee to Ihe company is £1 per member ¢Jn the winding up of the company. At 31 October 2025
the company had seven members and the total amount guaranteed was therefore £7.
Prepared By Albert Gc(*Jman LLP
25