Sl Francis of Asslsl Prlmary School Charity Report of the Trustees Year End 31 It March 2025 The trustees present their report and financial statements for the year ended 31" March 2025 Reference and administrative details Charity name- St Francis of Assisi Primary School Charity Charity registration number: 1203613 Charlty addross: Treadgold Street, London W114BJ Trust995: Francesca Nelson-smith John Asgian Kathleen Williams Alexis De Moine Bankers: CAF Bank Structure, governance and management The school is run by a Board of Govemors of which not less than 3 are also trustees of the charity. Ther8 are no more than 9 charity trustees. Governing Documènt The St Francis of Assisi Primary School Charity is governed by sts constitution and registered with the Charity Commission on 19th June 2023. Recruitment and Appointment of Trustees Tnjstees are appointed by the Charfty Objectlves and achlevements of the charlty durlng the year. The charitable objects are to advance the education (including soclal and physlcal tralning) of the pupils at St Francis of Assisi Primary School by providing and assisting in the provision of advice. resources and facilities Inot required to bo provided by the local education authorityl for education at the school. The charsty benefitted from a jumpstart in ils activity thanks Ihe fomiation of a fundraising committ8e comprising of our very generous and kind neighbours Niall Mcmahon, David White and Pau5 Leonard who delivered a charty auction in Julie's RestauranL This raised a
phenomenal £15k of unrestricted income and allowed us to kickstart Magic Breakfast and to install a drama club twice a week. We noticed that children were coming to school hungry, and some even fell asleep in class. By starting Magic Breakfast at our school which is universal and free, there is no stigma, and children can readily eat from baskets of toasted bagels delivered to each classroom. They can also engage in fun games in the moming. starting the day in a positive way. We were also able to top up the generous funding from the Thomas FourKlation to expand the very popular Little House of Scrence after school club to 2 s&%sions per yak for a full year. Qur children are incredibly gifted. we have been amazed at how they have responded to opportunities. especially creative ones. We are detemlned to offer more of these life- changing initiatives to our children fully fvnded, so that they can attend regardless of their family's finances. We had a gift of £5k from the Aurelia Foundation and £5k from Christopher Bi5choff. with a further £5k pledged for 2025-26. This generous funding gave us the flexibility to be fully responsive to the needs of the school by paying for a much needed and very popular dance class for every year group at school, and a brand-new lunchtime club delivered by our new. valued partner Solidarity Sports. We also started a wonderful partnership with Care to Grow wh&reby they generously piloted their m8ntoring programme with us at no cost. This work is making a huge impact on our rnost vulnerable children, allowing them precious adult on&tO-one attention The Sheldon Trust Holiday Fund provided a Gontribution of £2000 towards the June 2025 PGL trlp and It was enomousty helpful to recelve thls fijndlng at the beginning of the year so that we could help unburden some of our most vulnerable famllles earty on so that they had an affordable amount to save for their child to be able to attend this much-loved milestone for year 6 children. All in all, this has been a great year for Ihe charity; we have developed key partnerships, successfijlly piloted hugely beneficial projects and crucially expanded our nelwork of support to be able to grow and meet the needs of our children and families. W8 are immensely grateful to all our partners and supporters for helping us to help our children to experience Joy and reach their full potentlal. regardless of their clrcumstsnees. Reserves Policy The charity has very almost no overheads or running Gosts as th8 infrastructure costs ar& covered by St Franci5 of Assisi school. Some freelance project management and fundraising services are plugged in and covered by unrestrscted income. and these services are only appointed when fvnds are available. We have a range of partnerships which provide clubs and support on site at school including rnagic breakfast, science and drama clubs and Care to Grow emotlonal literacy. These total £14k per year. so £7k for 6 months. After ringfencing funding for freelance project management and fundraising, we have approxlmately slx months running costs. We believe that this reserve is prudent and allow5 the charity lo addrass its principal objectives of raising funds for its charitable objectives with confidence. More importantly in "thé past we have had to use our'reserves for urgent, critical support during acute periods of neod for our mosl vulnerable famllies. Our reserves strengthen our financial resilience but
moreover they allow us to continue to be nirnble, agile, and responsive to the unpredictable, precarious needs of some of our families. Financial rèvlew Income for the year lotslled £46,353.80 and expenditur8 £11,455.09. The net increase on unrestricted funds for the year was £30,662.46. At 31° March 2025 the charity had free funds not tied up in fixed assets of £37.451.03. Statement of trustees, responsibilities The trustees are required to prepare financial statements that give a true and fair view of the Stata of tha charity as at the balance sheet date and to record its incoming resources and the application of resources, including income and expenditure. for th8 financial year. In preparing those financial statements. Trustees should follow best practi and: Select suitable accounting policies and apply them consistently. Make sound judgements and estimates that are reasonable and prudent; and Preparè the fin8nci81 statements on a golng concem basis unless it is inappropriate to assume that the charity will continue on that basis The trust86s are responsible for malntalning proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enables them to ensure that the financial statements comply with the Chartties Act 1993. The trustees are also responsible for safeguarding the assets of the charity and hénc6 for taklng reasonable steps for the prevention and detection of fraud and other irregularities. Publlc ban•flt statom•nt The tnjstees confim that they have complied with the duty in section 4 of the Chariknes Act 2006 to have due regard to the Charity Commission's general guidance on public benefit, "Charities and public benefrf,. Approved the Board of Trustees on . ?. and signed on their behalf by: Fra sca Ne150n-Smith
St Francls of Asslsl Primary School Charlty Statement of Flnancial Activities Year End to 31st March 2025 Unrestrlrted Restricted Funds Funds Endowment Funds Total 2025 Total 2024 Income Interest on bank deposlts 80.48 80.48 £ 0.94 Grants: Thomas Foundation Manchester Forever K&C Foundation Sheldon Trust Magic Breakfast £ 3.900.LK) i.000.(KJ £ i.000.c(J É 2,000.( 136.25 E 3.9cKI.00 £ £ i.0.00 £ £ i,OCK).00 £ £ 2,000.00 £ 136.25 £ Fundfai51ng: Auction Donations £ 7,980.00 £ 24,257.07 £ 6,C(JO.00 £ 7,980.00 £ £ 24,257.07 £ £ 6.000.00 £ 2,561.38 Other Total Recelpts £ 38.317.55 £ 8,036.25 £ £ 46,353.80 £ 2,562.32 Expendlture Charltable Expenditure.. Theatre Trip Dec 2024 After School Clubs Nutcracker Concert Dante Workshops 125.00 £ 1,000.00 1.500.00 £ 1,800.00 400.00 £ 1,125.00 £ £ 3.300.00 £ £ 400.00 £ £ 2,360.00 £ 2,360.00 £ Governance Costs: Bank charges Insurante Fundraising Projett Work 60.00 60.00 £ io.(x) 111.15 £ 3.098.94 111.15 £ E 3,098.94 £ £ i,000.LKJ £ £ i,cK)o,00 Totsl Payments 7,655.09 £ 3,800.00 £ £ 11,455.09 £ 10.00 Net income & Expenditure Transfer between Funds Cash Funds at last year end £ 2,552.32 Cash funds at year end £ 33,214.78 £ 4,236.25 É £ 30.662.46 £ 4,236.25 £ £ 34,898.71 £ 2,552.32 £ 2,552.32 £ £ 37,451.03 £ 2,552.32
on8A nd Liabilities at Year Unrestricted Restrlcted Funds Funds Endowment Fund5 Totsl 2025 Cash A55ets: E 33.214.78 £ 4,236.25 £ £ 37.451.03 Investmènt assets: Liabilities: Signed on behalf of the Trustees 16107125 Francesca Nelson-smith Date of approval.. Kathleen Wllliam5 Date of approval:
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the truste851 members of ST FRANCIS OF ASSISI PRIMARY SCHOOL CHARITY On account8 for the year ended Year ended 31 March 2025 Charlty no (if any) 1203613 Set out on pago I report to the trustees on my examination of the accounts of the above charity {he Trust") for the year ended 3110312025. Responslbllltles and As the charity truslees of the Trust, you are responsible for the preparation basi$ of report of the accounts in aGGordance wilh the requirements of the Charilies Act 20111.the Act.). I report in respect of my examination of the Trust's accounts Carried out under section 145 of the 2011 Ad and in carrying out my examination, I have followed the applicablè Directions given by the Charity Commission under section 14515)(b) of the Act. I have completed my examination. I confirm that no material rnatters have come lo rny attention in connection with the examination which gives me cause to believe that in, any material respect: accounting records were not kept in a¢¢ord8nce wrth section 130 of the Act or the accounts do not accord with the accounting records I h8ve no conc8ms and have come across no other matters In connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Independent examiner's statemant Slgned: Date: 1311012025 Name: Craig MGGlashan CA Relevant professlonal qualiflcation(s) or body (If any)". The Institute of Chartered Accountants of Scotland Address: Bannerman Johnstone Maclay 213 St Vincent Street Glasgow G2 5QY IER October 2018
Section B Disclosure Only complete if the examiner needs to highlight matters of concem (see CC32, Independent 8xamination of charity accounts.. directions and guidance for examiners). Give here brief details of any items that the examiner wishes to disclose. IER October 2018