ChaTIty Regl$tration No. 1188881 SUNNINGDALE SCHOOL DEVELOPMENT FUND ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 SUNNINGDALE SCHOOL DEVELOPMENT FUNU LEGAL AND ADMINISTRATIVE INFORMATION Mr W D C Mountain rs J M Bannlster MrMICArthur Chgylty num￿* 1188881 Charlty addr09S SunnTrigd&le Sthol LM Dryarch Ro Ascot SLS gPY Indepgndgntoxamlngr Ward wifiams'Limiled Bay Lod 36 Harofield Road Vxèridgè Mlddle$a UB8 1PH SUNNtNGDALE SCHOOL DEVELOPMEMT FUND CONTENTS Pag• Twstees. rèport Indeppndent examinels report Statement ol Ilnanctal activitlos State￿eTrt offinahclal posibon Notes to the ffinancial statsments SuNNI￿GDALE SCFEOOL DEVELOPMENT FUND TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Tha Trustses present their ￿pOrt and financial ststernènls forthe year ended 31 De￿Mber2Q2￿. The fin8nci81 statements have been prepared in ac￿rdanc￿ wlth th6 accounting ptslia85 Sel ciul In note I to th finandsl statsmant$ 8nd comply with thè charity's govern1￿ document, the Companies Act 2006 and "Acoounting and Reportsng by Charitl8s.. StatÉmant of Récommended Practi¢e applicable to ¢harilies preparing their a￿oUnt$ in accordafte￿ with thè Finsn2AAI RepOrf￿ Standard athi¢able in the UK and RgpuNi¢ ol Ir81and IFRS 1021, (published Otlober 20191. Objoctlvgs and actlvllFeB Th& obloots of tho charity are restrictsd 10 the advancement of edu￿tIOn of the pupits al Sunningdalg School by provK]ing and assistr'ng in the prowision of faThlit*s for education at the sohool and for the public benefit to promote the educab'on of bty5 lund8r thè agè of 14 y6alsl in the UK, in such w8ys a5 the charlty trustee5 8aè fiL including by wstding to $l￿h persons, scholarships, n7aintenanc2 allowan￿$ OF gr&nt5. Thg TnjSto￿ confirm that they have referred lo the guK*8nca ¢tsntalned In the Chartty CemmissloD'S general gtsldance on pufrJi¢ benafit when reviewin9 thè ¢h¥rity'$ airns and t)blgCtVOS and in plannlng futur8 a¢tivilk*, Achlevernent8 and p&rfomianco During the year the charily cont(nued lo collect a s￿nih'can1 nuFnber of donation5 which wfll ellsb￿ it lo fund the Contin￿ d?v91oprnent snd bulldlng of new facilities atthe Sunnillgdale school. Financlal rnvlow Donations, gift asd and Intswl Tpc8lv8d dudng the yeartotslling 9204,55112023.. £24.3841, with expenditure incurred of £472,213 12023.. £20,209). Thè majorlty of this exp&nditure relating to SFJQrts facilille5 developmènt during the yèar for the school and LYofesslc)Tral fe8$ r618t*iig lo planFTring fDr now projeGts. Costs re'also in¢uwed relating lo sohool bursaries. an¢1 fee8 for a stud8nt from UkTaine, which iS.b￿n9. furrded. by r8strictÈd donations. A L*ficit for the yèar has ari8en of £267,66212023- £14,175 surp[￿S}. Tr@ hAd 8 brought foywarij surplus of £292,107. This rnean? that with the deffejl mad¢ in the year. the charity is now Sn a net wets position of £24,445 8S at thè yesr-8nd. Thfj￿ funds will be carrled lorw¥rd and ub.119￿ by ¢*aiity on future developments at the sthool. Givèn n8tum of th6 charfty th@ Truste&s do not consider it n8c88sary to hokl a mlnSmLTrm raserves lovel or 118118 ￿el￿e$ wlicy. Donations received ar8 spent on the ptDvislon of facilitth at Ihe school. Any shortfall in fvndlng would be requIr￿1 to bg ¢overgd by th& itself. The TrusteÈ5 has assess&l the malor risks fo which thg charity ts 8xposed, arT governance and management ThÈ ¢harfty was registered with the Charity CommiBsion on 2April 2020 Icharity Mumb8r 11&8881). Thè charity Is goVèM￿ by ils ¢onst41uUon whlch was adoptsd 12 Junè 2019. The Truste85 who ssrved during the yèer and w to the date of signatwp tsfthe fingntt5al statemonts werè.. Mr W D C Mountaln r8 J M BanniFLpr MrMI CArlh Tha TwstEe9' reportwas approved by thg Board of Trn8ts9$. Mr W D C Mourtt4ln Trustee Datsd.. 14.10.*f SUNNINGDALE"SCHOOL DEVELOPMEMT FUND INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SUNNINGDALE SCHOOL DEVELOPMENT FUND I rèpDrt to th6 Trustees on my e%4minaUon of the finBnci818tstèments of Sunnlngdale S(*DoI Dgvèlopm&nt Fund (the tsharityl lor the ygarended 31 December 2024_ Respon$ibllltl•s and bas1$ of rgPQrt Ag the Trugtses of the eharfty you are responsibl& for tha prepor8tton ol th8 fin9ncial ststements in 8r¢or¢Janca wilh the requlfemonts of the Charitiès Art 2011 (the 2011 Acti. l ￿port in r&8pgct of my examination of the charity's finan¢lal statsments carried gLIt under section 145 of th¢ 2011 Aot. In ￿rying out my exam￿atIon I h8ve tonowed all tlie appli¢8blo Direcbons given by the Charity Commission un¢lsr se¢tlon 14515llbl of tha 2011 Aot. Inde￿ndent oxamlnèrf¥ slatrment I have completed Iny examlnation. l ¢onfimi that no matters have (ts my att￿tion In connectiDn wlth the &xaminatlon givino me ¢#ugè to bèlth that In any m*eilal respect.. accountlng records were not kept in respect tyl the charity as requlred by section 130 of thg 2011 A¢ or the financial Statements do not 8CCOtd ivlth those rgcoyds,. or the financlal statements do nDt comply the appliGable requirernénts COn￿rn￿l9 form and contefit ot accounts set out in the ChariEl&s (Accounts and Reports) R¢gulattonG 2006 other than any réquif¢ment that thè accounts givo 8 true and lair view which is not a matter considered a5 part of an independent èX8mlnatbn. I have no (x)ntrèrns and have wm8 aGf055 no other m8tter8 in Gonnection with the ¢x8mination tD which attgnlian should be drawn in IhÉ¥ ropprt in c*der to er*8bl$ 8 propeT understanding of the fin8naal 5tatsments to be r0aohEd. Colln Hamilto ACCA Vtsrd Wlliams Limlted Bay L￿ge 38 Harthld Road Uxbridge Midrllesex UB8 1PH 141(. SUNNINGDALE SCHOOL DEVELOPMENT F-UND STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Ut7retstrf¢tèd R¢¥tri¢to funds funds Total 2024 Total 2023 No18¥ Donal'ons and legaci08 Invèstments 196.235 39 8278 204,513 38 84.347 37 Total Income 1*,273 8.278 204,551 34.384 endl Charitst)le actlvitles 4$3.935 8,278 472,2t3 20209 Nèt lexpendllurg)Aneontè for Ilw y•4rf Net movemtrbt 1n.fund 12&7,e621 1267.662) 1+,175. Fund b8lanw at l January 2024 288.352 3,755 292,107 277,932 Fund balaHc08 at 31 D8¢8mbor 3024 20,690 3.755 24.445 292,107 The stst8rnellt ol fiTranclal acbvities inc]udes all gain8 and I￿￿$ We￿g￿l￿9￿ in the yegr. All income and expendlture derive frorn ￿ntInuIng activIt￿5. SUNNINGDALE SCHOOL DEVELOPMENT FUND STATEMENT OF FINANCIAL POSITION AS A T31 DECEMBER 2024 2024 2023 Currentassets Trade and olh9r recolvabFes Cogh al ban* and in hand 21,156 291,348 25,495 11,0501 294,333 (2.2281 Gurtpnt IlabllltFo8 Ngtcurr6nt aÈs&t8 292.107 Income fund¥. Restrfcted funds Uni&stricted lund¥ 3,755 2Q.8 3,755 288,352 24,445 292,107 IS. io.zs Th@ fin￿¢￿81 statwnents wwa g)prove41 by th¢ Tru5teFs on ..... rw D C Mountaln Truste& SUNNINGDALE SCHOOL DEVELOPMENT FUND NOTES TO THE FINANGIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting polleles Charlty Infomiatibn Sumnlngdale Sctlool Development Fund Is an untfKorpor&ted d7&rity whlth r¢gistsfyd on 2 April 2020. The Charity's registration number 18 1188881. 1.1 Accountlng conventlon Thtr ffnftncial statements have be8n pr8par¢d in 4cwnlance with the chartrty's gov8miThg document, Chathtl&s Act 2011 atKI 'Accounllng and Reporting by Ch8rltlgs'. St8tsmont of R￿>rnmended Practice 8ppli¢able to ¢haTitbg prepartng thelr 8GcoUnts in accord8ncè with the Flnaraclal Repoffdng Standard ?ppllcable In the UK and Republic ofloland IFRS 1021. (publig1)èd. In Oeipber 20191. Th• tharity is a Public Benefit EnttLyas defined by FRS 102. The ¢harlty li¥$ token advantage of the provL4ioN8 in th¢ SORP for charilios awying FRS 102 Update Bulletin 1. notto pr*pare a.stat￿￿$nt.o.l.fjgSh HOW&. Th8 financial Btatèm9nts arg ptspared in sterting, whlch is the functional cunEncy of the thorw. Monètsry amunts In th¥sa ftnancld statèments at8 Tounded lo thg nÈ*eat £. Tho fin•ncl&l 3latoments havo been pRpar¢d under the hE3torical convenlon. The princlpal attountlng poiicièg adLytsd arè sat out bglow. 12 Golftg concern At the tlmÉ Df approving the financial statements, the Trustees have a reasonable exp8Gtat1on that tho chaiity has adewate resources to cortlinué in operatkjnal exlstencE for the foreseeable future. Thus the Trustee$ continue lo adopt thègc*mg concern bas18 ol accounting in pr8paring the flnancial statements. Chorttabte funds Unregtri¢ted funds 8r8 svailablg for usp 9t thé discr8ton of the Trustee8 In lurtherance of thgir eharEtablè obje¢tives unless the furfd5 have bean degignoted otherpu¥pos89. Restrictsd funds are sublect to 8pe¢Mc conditions by done￿ es Its how trw may b¥ used. The pu￿0￿ and uses of the regtrictsd funds are set Dut In the notès to Ihe fin8nd81 statements. 1A Incoming Msouree¥ Inwmè Is recognisÈd when the charity is logally enlitled to it afterany perf0mlan￿ condlti¢n$ have bpen m&t, th8 amounts be rypesured ￿lIablY, 8nd it is probable that Income will be ￿ceIVed. Cash Ibnations are rFcogni$ed on rec¢lpt. Other donations ere re¢ognise(S once the charfty has been notltièd of the donation, Linles5 perlofmancè conclltlons rèquirg déf&¥*l of the arnounl. Income tax recoverable In relalhn to donations received under Gfift￿rt or doeds of covenant ts reC￿lSed al time of thadonatiors. 1.5 Resourcss expandod All 8xpondlttJre Is accoLtnted for on an accruals basls and has been clgsslfied unrkr hoadingj that 8ggregata all Costs relating lo each partiCL41ar category, blthere costs eai)not be dliaely uttributed lo g P8ttieular he8dillg they arg albcxted to acllvitfes on a basi$ ¢onsistentwiih th& use Dlthose re50urcfjs. GOv￿￿an￿ costs InC￿e *h05e costs a5$0eiated with meeting th8 consUtrJtion81 and Statutory requlremenls ofthe charity. 1.8 Co$h and t?sh equlva19nts Casli 8nd cash equivalents In¢iude cash In hand, deposrts hold at <*ll wlth banks, other short~lem) liquid investrnents with orlginal maturities of three monlhs o¥ le¥s. bank overdrafts. Bank OVErd￿fi8 are sliown wthln borro￿ng5 In cunpnl liabiliti￿. SUNNINGDALE SCHOOL DEVELOPMENT FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EIVDED 31 DECEMBER 2024 Accountlng pollci88 Iconlinuedl 1.7 Flnanclal Instrum$nts The Gharily has 81ec*éd ts) apply the provi$lon8 of Setsbon 11 'Baslc Financkgl ln4trurngF&￿ aAd sect&￿ t2 'Other Finanriai Instruments Issuss, of FRS 102 to all of its finan¢i31 inslwments. Financial instnrrn8nts are ocogni$ed in the Èharfty's balance sheèt whon the tharity be(cmss pwty ts the con￿¢t￿￿1 provislon8.of tho instrum￿t.. Financlal as39ts and liabilitles are offsol, with the net amounts pre8ent8d in thè fin2ncl81 statsments, when there Is a legally8nfotcè&ble ￿ght to sel off the rècogn19ed amounts and there 18 an intrntion to sotue on a net basis orto realtse tl* asset and s8tlb tha liabillty simultaneously. 8A>i¢ flnahclaJa$sets Basic financial assets, wh￿h Indude deblors and ¢agh and bsnk balan￿$, ar? measured at.trdllS*tvJn prico I￿lUding transaction cc>sts . Bask fbJanelalllaliHltles 8&s1o Iinanaal liabilllag, Including creditors aro ￿cOgniSed at Irans7dion pr1co. Derscognition of flnan¢l¥1118bffltlos Financisl liabllitss $re der¢¢ogni8ed wh&n the charityi contradual oblw&tlon$ wxplre or oro dlscharged or ancdled. OonatlonB and logA¢les Unrestrl¢ted Restrlcted fund8 fund¥ Total a024 Totsl 2023 Donabon$ 8nd glfts 131ft ald daims 191.eo6 4,339 8.278 200.174 4,339 31.362 2,985 196,235 ,278 204.51.3 3¢,317 For thg year 6nd•d 31 Llecomber2023 26.574 7.773 34,347 Invo¥tmènts 2024 Irtsrosl r￿]Vable 37 SUNNINGDALE SCHOOL DEVELOPMENT FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EfvDED 31 DECEMBER 2024 Charltablg actlvltle5 2024 2023 Sports facilities developmenveyulpmenl for idiool Professlonol and plannlttg f69$ rBgarding developn7enis School fees paid 437,091 795 33,277 3,960 7,456 7,773 .471,163 19,189 Share of govérnsnog costs l$e8 note 51 1,020 472,213 20,209 Support.¢osts Supptsrt Govèmaneè ¢o$ts costs 2024 2023 Basls of allocat4on Aoty)untsn.¢y 1,020 Govemanoe. 1,050 1,050 1,020 Analyied bètween haritsble actryities 1,050 1,050 1,020 Governanc8 CO8ts includes payments to th& indopgncknt gxaminerb of £.1,050 including VATI2023'. £1,020). Trust••# None of the Trustees lor any persons conn8¢t8d wllh th￿} rocelvod any remuneration or b¢ngfit8 fron the eharlty dtsring the year. Emp14)yee8 There wore no employegs during th8 year. Tr#do and other recelvablg8 2024 2023 Amounts falllng duèwlthlh one year: othtrr reGgivsblès 4,339 SUNNINGDALE SCHOOL DEVELOPMENT FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Current Ilabiliti•¥ 2023 other payablès Accrua18 8TrY deferred income 1,05 1,020 1.050 10 Re8trtcte(I funds The Ineome funds of thè eharity Indude restricted funds QDMp￿sfjng th6 following unexpended balonr25 of donation3 8nd grants held on trust for wciffc purposes.. Mov8mont in funds galanGe at i Incomlng Resources Balan¢0 ot 31 January resources expènded D￿Mb$r 2024 2024 Ukraino fvnd 3,755 6,278 (8,2781 3,755 Tlè above restrided bjnd tplates to donations that were killoiy ffj¢efved to pay for 50% of the school fees for 4 boy from Ukrakn8.This Testrlctedfvnd had a b8lants 01 £3.75S 09rr￿10}ward as atlhe ygaroNI. 11 A Tralysl3 of no145¥6t8 b8lwn fvnd5 Un￿trIct•d Rostri¢ted Totrl Fund bal&nc&y al 31 December 2024 rèpresenled by.. Current 83S8t8/lllabilitiesl 20,890 3,755 24,445 2Q,6 3,755 12 R¢lated party transactlorJ¥ Th8r¢ wer@ no di$rlosabt6 retaied party transac￿0￿5 durlng Ihe year.