THE PEfERHOUSE SCHOOL FOUNDATION REPORT AND ACCOUNTS For the perlod ondod 31st March 2024 The Peterhouse School Foundation Charity Number 1193850 ANNUAL REPORT and DORMANT FINANCIAL STATEMENTS For the period ended: 31st March 2024
THE PETERHOUSE SCHOOL FOUNDATION REPORT AND ACCOUNTS For tho pgrlod end 31st Mah 2024 CONTENTS Pages Reference and Administrab've Delai15 Trustees, Report Accryjntiro Pollcles Ch)miant Balance Sheet
THE PEfERHOUSE SCHOOL FOUNDATION REFERENCE AND ADMINISTRATIVE DETAILS For the period ended 31st March 2024 TrUSTEES A Grainger J Howard C Wallace J Gord REGISTERED ADDRESS Petethouse ScW)I Presi(n Road Southport PR9 8PA REGISTERED CHARITY NUMBER 1193850 PRINCIPAL BANKERS The Royal Bank ol So)tland 10TH Floor The Plaza 100 Old Hall Street Liv8rpo L3 9oJ Page 1
THE PETERHOUSE SCHOOL FOUNDATION TRUSTEES, REPORT For thè period ended 31st March 2024 INTRODUCTION The TrvsleBs present their annual report and acojunts for the year ended 31 March 2024. During this pw)d Ihe Charity had dormant acmunts. The financial siaternents have been prepared In accordancL wfth the acojuntlng polloes set out in paggs 4 and fx>rnply wrth lh8 charitys goveming document. Ihe Charities Act 2011 and 'AccKJuntiry and Reporting by Charities.- Statement of R0MMended Practicè appllcable to charities preparlng thr accounts in acranCe with Ihe Financial Reporting Standard 8pplkable in the UK and Republic of IreL9nd IFRS 1021 leffeclwe 1 January 20191". STRUCTURE. GOVERNANCE AND MANAGEMENT Tha tharity is constitLrt8d as a Charitsb18 In(vrpor8lwl Organisation ICIOI, 88 8 ixjdy corkK)r8te urKler the Ch8rttl8s Ad 2011 on the 181h March 2021. The Trustees are legalty ponSIble for (he govemanc£ and manement c¢ th8 Charity. Twste8s ara r8sponsiblo for setbng $lralogigs and polityos and eUring Ihes9 arg irnp19menl. The Tntee9 who Sarv durfng tyear and up to tha dat& of tha finandal statgmgnts w¢ro.' Mr A Gi8inger Mr C Wallace Mr5 J Howard Mr J Gordon The Charity's tsLstees h8ve eonsidered the majcf risks to whth thè chaiity is exposèd and have reviewed Fthntial risk& Syterns and PrOUr havg been put in pl8C8 to rna8 the rists to rnitigate ary adVse outcornes. OWECTIVES ANO ACTIVITIES Thè objeets of tha CIO are.. For the puNlc benefft, lo advanee the educatlon of. and relleve the needs of. aulsC chlldren and youry people by providiThJ grwts of ffinan¢lal as5i4tance to support.. thtr devdopment and operation of Peterhouso S¢lwl and to promote Its misslon an¢ values in the provlsion and advanrnent of speaalist UCallOn for aubstrc chl¢Jren and youThJ pg¥le'. registered charitable org8ni3ations established to support children and youn9 pwle yrith a diagnosis of Aut15m Spethm Con¢Jition through outrgach wDrk atKJ 5wvice5. induding advice, 5UPPDrt. training and dir4ction around tI$M Spectrum issues. PUBLIC BENEF The (rustegs have paid du8 rgjard to guidan(¥ is5 by the Charlty Comrnlsslon In dgvidirvJ wA)at a¢tiviti8s the charfty S¥U1 undertake. ACHIEVEMENTS AND FINANCIAL PERFORMANCE The CIO not cMenCe activib'es dunng peri1, arK1 ry) finan&aS transafAK)ns took place durfNJ tNs perSc4J. This raportwas approvad by the Board on tho 12th 0ber 2024 aThY signed on its behalf by: A Grainger Trustse Page 2
THE PETERHOUSE SCHOOL FOUNDATION ACCOUNTING POLICIES For the perlod ended 31 $1 March 2024 The princApal actsjuntiro pol% are sumarised bok)w. The acwunting polldes have b$en appl consislenyy thfoLvJhoui the year the prec•Ji yopr. (a}. Basls of preparaiion The financial stalen11$ have bean prepared under tha historica (x)st nventIon and in acc(xdarte with applicablo Ip and arè in accordan with applicabk A(rxJunling Standards and Charlty Commission Guldance. (ts Ine¢)ming Resourceg l inc)ming resour$ are induded in the Statement of Fin8ncial AebVltS (SOFA) whon tho Charity is legally 8nt6Ued the income and the amount ¢an be quantified with reasonable accuracy. Thp spgctfic polic4es us1 are as follows: tklnations aré Snduded vthen the monigs have been rewvod. Donatwjns rly&d for Ihe general purp)se ol Ihe Charity are included in unrèsth.cted knds. tk)nations whk have be rVed for spwjfic projg(As affj incljded in restrict income. Grants are treated a5 restricted furth rf they are lor spoofic purFKJ5e3. Al grnnts ale Induded wtrn thè Charity is entrtled to th8 mnies. k) amtyjnts are irlUded in trfInandal statements for 5gr¥ donated ty vohjnteets. intt)me was rev duriw wnc#J. (cl- Flnanelal Instruments Fina1 51jMts ar8 rnISed in thè ChadS balance sh88t when the ChtY becomas party to the contrachMI provisions of the In5Mnt. Financrdl assets and li8billt8 are (Ifset. wilh the net amounts presented in Ihe ffinancial statements, vJhen there is a legally enforceab18 right to set off the (gnid amounts and therg is an Inttth 10 settle on a ng1 basis OT to re8lis& th8 asset and settle thè li8bility simuttaneousty. Ba¥1¢ fmanci•l assets Basic IlnancAal assets. whi() include debtors and cash arwj bank balance5. are initially measured 8t transacb.on price including transaction (osts and are subsequtlY carried at arnorts1 cost using th8 eff1Ve interest method unlg5s tha arrangoment o)nslitutos a InanarYJ transactyon, wherè th8 transaction is measur6d at the psent value of the future receipts discount at a market rate of interest. FlnanciJ assets dasslfiad as receivablo within one year are Th)t amoitis•J. oth•r Ilnanclalasso1$ Oth8r lin8noal assets. indudlro InVestMts In uty instr(Jments which are not sybsidTarf6s, assocaates orjoint venturas, are initially measured at fJr value. which is normally the transaction pri1. Such assets are subsequent carri&l al 18ir value and the changes in fair val¢Je are fecoJni88d in Income/lexpendilurèl. except that investments in uity #istruments that 8r¢ noi publicalty traded and whosè fair values cannot be measur& liablY are measured at cost less impaimient. Impairn7ent offinwKlal assets nanaal assets. other than t)Se hd(g at frair v4ue throwJh inojme anij eXnditure, are assessed for iNJlcors of impairrnent at each reportsng end dale. Financial assets are impaired where there is Obltive evidence that. as a resu of ong or more ev1$ that o(Lurr8d after the init181 renItion ol the financial assèt, the estimated future cash have been affected. If an asset is irnpaired, the impairment tOS5 is th6 dfftarence betwe8n the carrying amount and the pres¢nt value of the estimatod cash flows discounttrd at the asset's original effective interest rate. The irnp8itment loss is recognised in ngt incc4nellexpendrturel for th8 yèar. If there is a deeraase in tho impaimient lo&$ arising from an event 0rr1r@ after the Impairment was racognised. the impairm8nt is revers&J. The revetsal is such that the Current carryir amount doe5 not exceed what the caryng arnount would have been, had Ihe Impairmwt Th)t previously bosn recognised. Tho Impalrmgnt reversa is rwgrlsed in net in)ml{eXpeThjrture)f0r the year. Page 3
THE PETERHOUSE SCHOOL FOUNDATION ACCOUNTING POLICIES For the period ended 31 st March 2024 Derncognltlon olftnanelal ass•ts Finan81 assets are derecognised only whgn the o)ntraclual rights to the cash flows from the assgt explre or arg settled, OT when the chartytfansfers thé flnanaal assèt and substantially all the risks and rewards of ownernhlp lo another entity. if some significant risks and rewards of ovmershlp are retainad bul (x)ntrol of the asset has transferred to another party that Is ableto sdl Ihe assgt In Its entirety lo an unrelated third party. Bask financlal IlIttS Basic finanral liabilities, induding crJitors and bank bans arè Initially rgcrynlsad at transaction pite unlass tl)e arrangement constitutes a finanang transaction, where the debt instwrnent i5 measured at the present value of the futurè receip discounted at a market raie of interesl. FinancAal liat)Sllties class1• as payable wthin one year are not amortised. Debt instruments are subsequently carri 2t amortised c05t, LIng th9 9ffective interest rale rnelh¢)d, Trade eréditor5 are obligations to for goods or Servi Ihat have been acquirgd in Ihg ordinary coursè of opsrations from suppliers. Amounts payable 8re dassth'ed 85 current liabilili&s if payrnent is due within ijne yearor less. If rnt. they are presented as nonrycurrent liabiliiies. Trade ugditors are r8cognis8d Initklty at trartsathon pricè and subsÉouenly measured at amortiS8d Ix)st using th8 8ffN8 interest method. D•rn¢ognltlgn of Ilnanclal Ilabllltles Finawial liabilities are derecognised when the charity's c4)ntractual obligab.ons ex"re or di$drged or caneellÈd. {d). Inv8sbn8nts Tho c*arily ha5 no investmènts. Page 4
THE PEtERHOUSE SCHOOL FOUNDATION 8ALANCE SHEET As al 31st March 2024 2024 2023 FIXED ASSETS CURRENT ASSETS Debtors Cash at bank and In hand LIABILITIES Crèoitors.. Amounts lalling due wlthln one year CURRENT LIABILMES NET ASSETMUABIUTIES) TOTAL RESERVES Approved by the board ol Th9 Pgt9rhousg Schc*J Foundation on lah Dember 2024 aThJ signed on theii behaf by.. A Grainger Trustee Charity Numbor: 1193850 Pag8 5