Charity number: 1199284
Friends of Lympne School
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 August 2024
Friends of Lympne School Contents Page For the year ended 31 August 2024
| Report of the Trustees | 1 to 2 |
|---|---|
| Independent Examiner's Report to the Trustees | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6 to 9 |
| Detailed Statement of Financial Activities | 10 |
Friends of Lympne School Report of the Trustees
For the year ended 31 August 2024
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 August 2024. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objection of the Association is to advance the education of pupils of Lympne Primary School, in particular by:
-
Developing effective relationships between the staff, parents and others associated with the school.
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Engaging in activties or providing facilities or equipment, which support the school and advance the education of the pupils.
Statement on public benefit
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
Volunteers
The charity is grateful to the individuals and organisations who have contributed to the overall income and success of projects undertaken.
FINANCIAL REVIEW
Reserves
The charity has generated income amounting to £26,909 (2023: £22,372) resulting in a deficit for the year of £458) (surplus of £8,679). Income generated has generally been spent on development at Lympne School including playground renovations, as well as equipment and maintenance at the school.
Going concern
Preparation of the accounts is on a going concern basis. The Trustees are of the view that the level of reserves will support the charity going forward.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Friends of Lympne Schol is a registered charity, number 1199284, and governed by a constitution adopted 15 September 2021.
Recruitment and appointment of trustees
There are no provisions within the constitution for selection of Trustees other than by existing trustees.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity Friends of Lympne School Charity registration number 1199284 Principal address Octavian Drive Lympne Kent CT21 4JG
Trustees
The trustees and officers serving during the year and since the year end were as follows:
A Ladd E Whitby (Resigned: 01 May 2024) R L Laughland S L Read
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Friends of Lympne School Report of the Trustees Continued For the year ended 31 August 2024
Independent examiners
Swift Accountancy Swift Farm, Sandy Lane Ashford Kent TN26 1JN
Approved by the Board of Trustees and signed on its behalf by
............................................................................. 09 May 2025 S L Read
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Friends of Lympne School Independent Examiners Report to the Trustees
For the year ended 31 August 2024
I report to the trustees on my examination of the accounts of the charity for the year ended 31 August 2024.
Responsibilities and basis of report
As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiners statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Adam Clegg FCCA BSc (Hons) - 2670702
Swift Accountancy Swift Farm, Sandy Lane Ashford Kent TN26 1JN
09 May 2025
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Friends of Lympne School Statement of Financial Activities For the year ended 31 August 2024
| Notes Income and endowments from: Other trading activites 2 Other income 3 Total Expenditure on: Charitable activities 4/5 Total Net income/expenditure Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 26,127 782 26,909 (27,367) (27,367) (458) 8,678 8,220 |
2023 £ 22,372 - |
|---|---|---|
| 22,372 | ||
| (13,694) | ||
| (13,694) | ||
| 8,678 - |
||
| 8,678 |
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Friends of Lympne School Statement of Financial Position
As at 31 August 2024
| Notes | 2024 | 2023 | |
|---|---|---|---|
| £ | £ | ||
| Current assets | |||
| Cash at bank and in hand | 8,754 | 9,122 | |
| 8,754 | 9,122 | ||
| Creditors: amounts falling due within one year | 10 | (534) | (444) |
| Net current assets | 8,220 | 8,678 | |
| Total assets less current liabilities | 8,220 | 8,678 | |
| Net assets | 8,220 | 8,678 | |
| The funds of the charity | |||
| Unrestricted income funds | 11 | 8,220 | 8,678 |
| Total funds | 8,220 | 8,678 |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
S L Read Trustee 09 May 2025
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Friends of Lympne School Notes to the Financial Statements For the year ended 31 August 2024
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011.
Friends of Lympne School meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Going concern
Preparation of the accounts is on a going concern basis. The Trustees are of the view that the level of reserves will support the charity going forward.
Statement of cash flows
The Trustees have taken advantage of the exemption in SORP FRS 102 from including a cash flow statement in the financial statements on the grounds that the charity is small.
Incoming resources
All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Resources expended
Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Debtors
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
2. Income earned from other activities
| Unrestricted funds Fund raising events Funds received from organisations |
2024 £ 13,707 12,420 26,127 |
2023 £ 16,227 6,145 |
|---|---|---|
| 22,372 |
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Friends of Lympne School Notes to the Financial Statements Continued
For the year ended 31 August 2024
3. Other income
| Unrestricted funds Sundry income osts of charitable activities by fund type Unrestricted funds Charitable activities Support costs osts of charitable activities by activity type Support costs Activities undertaken directly £ £ Support costs Charitable activities 960 26,407 nalysis of support costs Charitable activities Finance Governance costs |
2024 £ 782 782 2024 £ 26,407 960 27,367 2024 £ 27,367 2024 £ 322 638 960 |
2023 £ - |
|---|---|---|
| - | ||
| 2023 £ 12,957 737 |
||
| 13,694 | ||
| 2023 £ 13,694 2023 £ 293 444 |
||
| 737 |
4. Costs of charitable activities by fund type
5. Costs of charitable activities by activity type
6. Analysis of support costs
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Friends of Lympne School Notes to the Financial Statements Continued
For the year ended 31 August 2024
7. Net income/(expenditure) for the year
This is stated after charging/(crediting):
| This is stated after charging/(crediting): | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Accountancy fees | 622 | 444 |
| articulars of employees | ||
| 2024 | 2023 | |
| Trustees | 3 | 4 |
| 3 | 4 |
8. Particulars of employees
9. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activites are for unrestricted funds.
10. Creditors: amounts falling due within one year
| Accruals and deferred income | 2024 £ 534 534 |
2023 £ 444 |
|---|---|---|
| 444 |
11. Movement in funds
Unrestricted Funds
| General General |
Balance at 01/09/2023 £ 8,678 8,678 |
Incoming resources £ 26,909 26,909 |
Outgoing resources £ (27,367) (27,367) |
Balance at 31/08/2024 £ 8,220 |
|---|---|---|---|---|
| 8,220 |
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Friends of Lympne School Notes to the Financial Statements Continued For the year ended 31 August 2024
Unrestricted Funds - Previous year
| Unrestricted Funds - Previous year | ||||
|---|---|---|---|---|
| Balance at | Incoming | Outgoing | Balance at | |
| 01/09/2022 | resources | resources | 31/08/2023 | |
| £ | £ | £ | £ | |
| General | ||||
| General | - | 22,372 | (13,694) | 8,678 |
| - | 22,372 | (13,694) | 8,678 |
Purpose of unrestricted Funds
General
General funds are to be used for the charity's main objectives and aims.
12. Analysis of net assets between funds
| Unrestricted funds General General Previous year Unrestricted funds General General |
Net current assets / (liabilities) Net Assets £ £ 8,220 8,220 |
|---|---|
| 8,220 8,220 |
|
| Net current assets / (liabilities) Net Assets £ £ 8,678 8,678 |
|
| 8,678 8,678 |
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Friends of Lympne School Detailed Statement of Financial Activities
For the year ended 31 August 2024
| INCOME AND ENDOWMENT Other trading activities Fund Raising Events Income From Funds Received From Organisations Other income Sundry Income Total incoming resources EXPENDITURE Charitable activities Cost Of Direct Charitable Activity Subscriptions SUPPORT COSTS Finance Finance Governance costs Accountancy Fees Other Office Costs Total resources expended Net Expenditure |
£ 2024 13,707 12,420 26,127 782 782 26,909 (26,267) (140) (26,407) (322) (322) (622) (16) (638) (27,367) (458) |
£ 2023 16,227 6,145 |
|---|---|---|
| 22,372 - |
||
| - | ||
| 22,372 (12,800) (157) |
||
| (12,957) (293) |
||
| (293) (444) - |
||
| (444) | ||
| (13,694) | ||
| 8,678 |
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This page does not form part of the statutory financial statements