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: 1. Developing effective relationships between the staff, parents and others associated with the school. 2. 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 1 of 10 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 2 of 10 ## 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: 1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; or 3. 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 3 of 10 ## 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**| 4 of 10 ## 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 5 of 10 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**| 6 of 10 ## 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** 7 of 10 ## 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**| 8 of 10 ## 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**| 9 of 10 ## 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**| 10 of 10 This page does not form part of the statutory financial statements