**Charity Number: 1204615** 


**A Charitable Incorporated Organisation Report of the Trustees and Financial Statements For the Year ended 30 September 2025** 



## **Contents** 

Reference and administrative details Page 2 Trustees' Report Pages 3-7 Statement of Financial Activities Pages 8-9 Independent Examiner report Pages 10 -21 Appendices Pages 22 - 26 

**2** 



## **REFERENCE AND ADMINISTRATIVE DETAILS** 

## **Names of the Trustees:** 

Dino Myers Lamptey - Lead Trustee for 3 years Alison Owen for 4 years Genna Osler for 2 years Benjamin Major for 2 years Caroline Forbes for 2 years 

## **TFSF Staff  :** 

Lubeto Kalwa (Contractor 31.10.2024 to 31.10.2025) - NEET Outreach Manager 

## **Resources volunteered from Brixton Finishing School** 

(See Appendix One Memoradum of Understanding) 

Nadine Kafena (Volunteer Operations Manager) Ally Owen (Volunteer Fundraising/Communications) 

## **Registered Office:** 

7 Bell Yard, London, WC2A 2JR, United Kingdom 

## **Bankers:** 

Co-operative Bank, 1 Balloon Street, Manchester, M4 4BE 

## **Independent examiner:** 

Kay Wightman - Accounting For Good 2 Geordie Ridley Place, Upper Precinct, Wesley Court, Blaydon, Tyne and Wear, NE21 5BT, UK. 

**3** 



## **Trustee’s annual report for the year ended 30 September 2025** 

## **Structure, Governance and Management** 

## **Description of the Charity’s Trusts** 

**Type of Governing Document:** Constitution adopted on 31st July 2023 

**How the Charity is constituted:** The Finishing School Foundation  (“TFSF”) is a Charitable  Incorporated Organisation whose only voting members are its charity trustees 

**Trustee selection method:** Trustees are appointed for an initial term of between two to four years by a resolution passed at a properly convened meeting of the charity trustees. 

## **Supporting Governance Activities:** 

**Trustee Appointments:** All Trustees give their time voluntarily. As a charity trustee, each Trustee is entitled to be reimbursed from the property of TFSF or may pay out of such property reasonable expenses properly incurred by him/ her when acting on behalf of TFSF. On appointment new Trustees receive a copy of the constitution,  a copy of the latest Trustee’s Annual Report and a statement of accounts.  Trustees are directed to read all TFSF’s policies, including its Decision-Making Policy. 

**Safeguarding:** In accordance with TFSF policy  all volunteers and staff must undergo Safeguarding Training to enable them to carry out activities relating to working with Young Adults. 

This training is carried out on commencement of employment, or in the case of volunteers, on appointment. TFSF uses an approved service provider - the NSPCC. 

## **Relationship between TFSF & Brixton Finishing School (Trading Name of Hoxton Finishing School CIC)** 

Memorandum of Understanding between TFSF & Brixton Finishing School 

## **Objectives and activities** 

The objectives and activities of TFSF are in accordance with its Constitution. 

**5** 



## **Summary of the objects of the charity set out in its governing document:** 

TFSF’s Constitution provides that the objects of the charity are the advancement the education and training of people [over the age of 16 years] not in education, employment or training, in subject areas relevant to a career in the media; marketing; communications and advertising industries by providing free, online and in-person, educational and skill-based courses from industry leaders. 

2) The relief of those in need, by reason of youth, age, ill-health, disability, financial hardship or toehr disadvantage by providing people (over the age of 16 years) not in education, employment or training, pastoral care and professional mentoring from industry leaders with the objective to support employment pathways and professional opportunities within the media, marketing, communications and advertising industries. 

## **TFSF does this by:** 

➢ Empowering Underrepresented Talent: Directly supporting individuals from disadvantaged, multi-ethnic, or neurodiverse backgrounds to enter the marketing, advertising, and creative industries. ➢ Supporting NEET Youth: Providing targeted support to young people not in education, employment, or training to break the cycle of unemployment and unlock their potential. 

➢ "Work Ready" Skill Development: Offering free, high-quality, industry-partnered programmes to develop practical skills, confidence, and professional behaviors, transforming raw talent into industryready candidates through the TFSF relationship with BFS (See MOU Appendix One). 

➢ Breaking Down Financial Barriers: Providing direct financial support, such as bursaries for living costs, travel expenses for interviews, and assistance with accommodation to enable participation in training. 

➢ Providing Pastoral and Personal Support: Offering mentoring, mental wellness support, and neurodiversity assistance to help young people overcome personal, social, and professional challenges. 

➢ Building an Equitable Industry Pipeline: Creating a diverse, inclusive, and accessible "super highway" into creative sectors to improve industry representation. 

**6** 



## **Summary of the main activities undertaken for the public benefit in relation to these objects** 

## **1. NEET Outreach 2024/25** 

In 2024 The Finishing School Foundation employed Lubeto Kalwa who served as NEET Outreach Manager for TFSF from 31.10.2024 to 31.10.2025 

Lubeto had 10 years of expertise in empowering young people, including tenure at the Kings’ Trust and YouthBuild. 

TFSF’s investment into NEET Outreach had a positive uplift on NEET applications to Brixton Finishing School (BFS) Free Courses for this traditionally hard to engage demographic. 

## **NEET Status applications to ALL Brixton Finishing School programmes (ADcademy & Summer School)** 

- 1st October 2023 - 30th September 2024 **511** 

- 1st October 2024 - 30th September 2025 **817** 

## **This represents an uplift of 306 applications year on year (59.9%)** 

## **NEET Status Applications to Brixton Finishing School’s flagship Summer School** 

TFSF investment into NEET outreach has created a year on year uplift in NEET Status applications 

- 1st October 2023 - 30th September 2024  - **166** NEET Status  from a total of 322 Applications 

**7** 



- 1st October 2024 - 30th September 2025  - **462** NEET Status from a total of 771 Applications 

## **This represents an uplift of 296 applications year on year (+91.9%).** 

ALL deserve practical help to support their journey into a meaningful career and The Finishing School Foundation delivers advantage through outreach and practical and pastoral support. 

## **TFSF NEET Status Outreach is connecting with talent from communities most at risk of NEET status.** 

Young people from communities who traditionally face more structural and societal challenges due to ethnicity or class are the focus of BFS free courses. 

These talents are also more likely to be of NEET Status due to a combination of societal factors. Ethnic Discrimination presents the biggest barrier for young people entering work, with 3 in 10 ethnically diverse NEET young people citing this as their biggest barrier. 

There are significant disparities between NEET levels by racial group. For example Black Caribbean young people are twice as likely as White British young people to be of  NEET Status. 

TFSF upweights activity to those most of risk at NEET Status, to reflect Summer School’s target metric of 80% Global Majority (60% Black Heritage) and 20% White Socially Mobile. 

## **TFSF Outreach Activites 24/25** 

**8** 




## **GRANTS and PRACTICAL SUPPORT** 

The Finishing School Foundation, as per its  memorandum of understanding with Brixton Finishing School (Appendix One), opened applications for talent of NEET status to apply for living cost grants (bursaries) while they attended ‘Summer School’. 

The bursaries were to relieve financial hardship and support basic expenditure while qualifying individuals were on the free course. 

TFSF followed the agreed Bursary Process **(Appendix Two).** 

TFSF received 21 initial applications and following the Bursary Process the TFSF Trustees agreed to distribute ten living cost grants of between £250 and £700 each.  In total £6,050 was distributed in the form of bursaries. 

**Outcome:** 100% of TFSF Busary Recipients completed Summer School. 

**9** 



## **Testimonial from Dimple, recipient of TFSF Bursary** 

“Straight out of A-Levels, my priority was finding a job to support my family - a responsibility that influenced every decision I made. 

Receiving the bursary allowed me to prioritise my growth and fully immerse myself in the summer school experience, where I could dedicate all of my time and energy to learning, engaging with the briefs, and connecting with industry professionals. I didn’t have to worry about covering basic expenses, which helped ease the constant pressure to find work and positively supported my mental health. 

It provided me with the stability I needed to focus on building a strong Foundation for my future” 

## **Testimonial from Stephanie, recipient of TFSF bursary** 

“Receiving the bursary from TFSF was immensely helpful during my time at Brixton Finishing School. It supported my commute to different agencies and gave me the opportunity to attend social events and networking events that I would otherwise had to decline due to financial constraints. 

The bursary gave me the flexibility to focus on the task in hand…  I’m truely grateful to TFSF for considering my needs and supporting me during this time’ 

**10** 



## **Financial review** 

The assets of TFSF as of the 30th September 2025 consisted of £41,488 cash at bank and tangible  fixed assets of £0. Creditors falling due within one year was £3,132. 

The balance of funds at the end of the year was as follows: 

Unrestricted funds Unrestricted £38,356 Designated £0 Total designated funds £0 Restricted funds £0 

## **Reserve policy** 

TFSF’s reserves policy is to maintain a reserve which is sufficient to cover the estimated costs of carrying out its committed expenditure in the advancement of the education and training of people [over the age of 16 years] not in education, employment or training,  for a period of two months. 

## **Risk statement** 

TFSF trustees in producing the annual accounts have given consideration to the major risks to which the charity is exposed and satisfied themselves that systems or procedures are established in order to manage  those risks. The trustees acknowledge that they have an ongoing responsibility to identify and manage the  risks faced by the charity, and have sought to discharge this responsibility by: 

(a) preparing a risk register which identifies the main risks to the charity and itemises the actions to be  taken to mitigate each of those risks, and 

(b) trustees regularly reviewing the risk register at closed board meetings of the charity. 

The main financial risk to the charity is loss of funding from The Trade Desk and 

**11** 



companies within the Marketing, Advertising and Technology industries. 

## **Public benefit statement** 

The Trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning its future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives that have been set. 

**12** 



## **Statement of Trustees' Responsibilities** 

The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United  Kingdom Generally Accepted Accounting Practice). 

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming  resources and application of resources, including the income and expenditure of the charitable  company for that period. In preparing these financial statements, the trustees are required to: 

a) select suitable accounting policies and apply them consistently; 

b) observe the methods and principles in the Charities SORP; 

c) make judgments and accounting estimates that are reasonable and prudent; 

d) state whether applicable UK accounting standards have been followed, subject to any  material departures d&sclosed and explained in the financial statements; 

e) prepare the financial statements on the going concern basis unless it is inappropriate to  presume that the charitable company will continue in operation. 

The Trustees are responsible for keeping proper accounting records that are sufficient to show  and explain the Charity's transactions and disclose with reasonable accuracy at any time the  financial position of the Charity and enable them to ensure that the financial statements comply  with the Charities Act 2011, the Chanty (Accounts and Reports) Regulations 2008 and the  provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity  and hence for taking reasonable steps for the prevention and detection of fraud and other  irregularities. 

This report was approved by the board of trustees and authorised for issue on 24 March 2026 

and are signed on behalf of the board by: 

24 Mar 2026, 23:06:17 UTC 

____________________________ 

Dino Myers-Lamptey 

**13** 



## Lead Trustee 

____________________________ 24 Mar 2026, 19:21:04 UTC 

Ally Owen Trustee 

**14** 



The Finishing School Foundation
Independent Examiners Report
Independent Examlnert Report to Ihe trustees of The Finishing School Foundation
I report to the trustees on my examination ol the financial slatem8nts of The Finishing School Foundation lor
the year ended 30 September 2025.
Respotksibilities and basis of report
As the charity's Irustees you are responslble tor the preparallon ol the flnan¢lal statements In accordance
with the requirernents ol the Chaiities Act 20111.the Act'l.
I report In respect of my examlnatlon ol the ¢harity* financial statemenls carried out under sectlon 145 of
the 2011 Act and in carrying out my examinalion I have followed all the applicable Directions oiven by the
Charity Commission under section 14515llbl ol the Acl.
IndepeTrdent examiner's statement
I have cornpleled my examlnatlon. I can conlirm that no materlal matters have come to my altenllon In
connection with the examirbalion giving me cause lo believe that in any material respect..
the accountlno records were not kept In respecl of the charlty as reoulred by se¢llon 130 01 the Act. or
the financial statements do Trot accord with Ihose records- or
• the financial statements do not comply with the applicable requlrements concerning the fomi and
content ol financial statements set out in the Charities IAccounts and Reportsl Regulations 2008 other
than any requirement that the financial statements give a Irue and faiff view which is not a matter
consldered as part ol an Independenl examlnatlon.
I have no concerns and have tome across no other matters in connection with the examinalion to whlch
attentlon should be drawn In thls report In order to enable a proper undethandlno ol Ihe Ilnanclal
staternenls to be reached.
Kay Wiohtman FFA FTA
Accounting lof Good CIC
2 Geordie Ridley Place
Upper Pretincl Wesley Court
Blaydon on Tyne
Tyne and Wear
NE2158T
09 February 2026
15

The Finishing School Foundation
Statement ol Financial Activities
for the year ended 30 September 2025
Unrestrlcted
funds Total funds Total funds
2025
2025
2024
Notes
Income and endowments
trom..
Donations and legacies
Other trading actiwties
82,439
5,123
82,439
5,123
lo,￿10
Total
87,562
87,562
lo.￿0
Expenditure on=
Raising funds
Charitable activities
Other
40,883
5.040
46,207
40,883
5.040
46,207
8,104
4.895
12,999
Total
Net gains on investments
Nel incomellexpenditurel
Transfers between funds
41.355
41.355
12,9991
Net incomellexpendilurel
before other uainslllossesl
41.355
41,355
12,9991
Other oains and losses
Nel movemenl in funds
41.355
41.355
12.9991
Reconciliation ol funds-
Total funds brought forward
12,9991
12,9391
Total funds carried forward
38.356
38.356
12,9991
16

The Finishing School Foundation
Balancé Sheet
at 30 Seplember 2025
Charlty No. 1204615
2025
2024
Current assets
Cash at bank and in hand
41.488
41.488
13.1321
38.356
38.356
38.356
1.795
1.795
14.7941
12.9991
12.9991
12.9991
12,9991
Creditors.. Amount falling dve within one year
Net curTènt asselsllliabililiesi
Total assets less current liabilities
10
Net assetsllliabilitiesl excluding pension asset or liability
Total net assetsllliabilitiesl
38.356
The tunds of Ihe charity
Restricted funds
Uniestrlcled funds
General funds
11
11
38,356
38.356
12,9991
12,9991
Reserves
11
Total funds
38.356
12,9991
Approved by the trustees on 09 February 2026
And slgned on theli behalf by=
A. Owen
Trustee
09 February 2026
17

The Finlshlno School Foundatlon
Notes lo the Accounts
for the year ended 30 September 2025
1 Accounting policie5
Basis of preparation
The financial slatemenls have been prepared in a¢cordance with Statement ol Recommended Pfaclice:
Accounting and Reporting by Charilies preparing their accounts in accordance with the Financlal
Reporting Slandard applicable In the UK and Republic if Ireland IFRS 1021 Issued on 16 luly 2014 and the
Flnancial Reporting Standard applicable in the Unlted ￿'ngdOM and Republlc ol Iieland IFRS 1021 and the
Charitles Act 2011.
Change in basis ol accounting 01 to PTeviou5 accounts
There has been no change lo the accollnling policies (valuation rules and method ol accountittgl since
last year and no changes have been made to accounts for previous years.
Fund accounting
Unreslrltted funds These are available for use at the discretion ot the trustees in furtherance of the
general oblects ot Ihe charity.
These are uniestrlcled lunds eamiarked by the Irustees lor partlcular purposes.
These are uniestricled lunds which Include a revaluation reserve representing the
restatement of investment assets at their market values.
These are available for use subject to Testrictions imposed by the donor or through
terms ol an appeal.
Designated funds
Revaluation funds
Restricted funds
Income
Recoonitlon of
Income
Income Is Included in the Statement ol Financlal Actfvities ISOFAI when Ihe charity
becomes entitled to. and vlrtually certain lo reteive. the Income and the amount of
the Income can be measured wilh sulllcient rellabllity.
Income with related Where income has related expendilure the Income and ￿lated expenditure Is
expendllure
reported grok in the SOF
Donations and
legacies
Voluntary income received by way ol grants. donations and gills is included in the
Ihe SOFA when receNable and onty when Ihe Charity has uTr¢oThditional entitlement
to the income.
T&x reclalms on
Income from t&x reclaims i% Included in the SOFA at the same time as the
donallons and gtfts glftldonatlon to which It relales.
Donated seNl¢es
These are only included In Income Iwllh an equtvalent amount In expendlturel
and lacllities
where the benelil to the Charity Is reasonably quantifiable. measurable and
material.
Volunteer help
The value ol any volunteer help received 15 not included in the accounts.
Investrnent incotrte This i8 included in the accounts when receivable.
Gainslllossesl on
This includes any gain or loss resulting from revaluing investments to tnarket value
revaluation ol fixed al the end ot Ihe year.
assels
Gainslllossesl on
Investment assets
This Includes any oaln or loss on the sale of Investments.
18

The Flnlshlng School Foundatlon
Noles to the Accounts
Expenditure
Recognltlon ol
expendlluie
Expendllure ts fecognlsed on an acciuals basis. Expenditure includes any VAT whlch
eannot be lulty recovered. and is reported as part ol the expendlture ID whlch11
relates.
Expenditure on
These tomprlse the costs assotiated with attiactlng volunlary Income, lundialslno
ralsing lunds
trading costs and investfflent management cost5.
Expenditure on
These comprise the costs incurred by the Charity in the delivery ol Its acllvlli8s and
chaiitable activities services in the furtherance of its objects. including the making ol grants and
governance costs.
All grant expenditure is accounted lor on an actual paid basis plus an accrual fof
grants that have been approved by the trustees at the end of the year bul not yet
paid.
These include those costs associaled with meeling Ihe constitutional and slalutory
requirements of the Charity. including any audillindependent examination tees.
costs linked to the stralegic management ot the Charity, logelher wlth a share ol
other administration cosls.
Other expendlture These are support costs not allocated to a particular actlvlty.
Grants payable
Governance cosls
Taxation
The charity is exempt from tax on its charitable activitie&
Freehold investment property
Investment properties are measured initialty at cost and subsequentty at fair value at each balance sheet
date and are not depreciated. All gains or losses are taken to the Statement of Financial ActNities as they
arise.
Stocks
Stock Is Included al the lower of cost or net reallsable value. Donated items of slock are recognlsed al falr
value whlch is Ihe amount the chatity would have been willing to pay lor the items on the open maiket.
Trade and other debtors
Trade and other debtors are recognlsed at the selllement amount due after aTry trade dlscount offered.
Prepayments are valued at the amount prepald net of any Irade dlscounts due.
Cash and Cash eoulvalents
Cash and cash equivalents comprise Cash al bank and on hand. demand deposits with banks and other
short-lerm highty liquid Investments wilh original maturities of three months or le&s and bank overdrafts.
In the statement ol financial position. bank overdrafts are shown within borrowings or current liabilities.
In the Statement of Cash Flows. cash and cash equIv￿entS are shown net ot bank overdrafts that are
repayable on demand and form an integral part of the company* cash management.
Trade and other credilors
Short lemi ¢redilors are measured at the Iransaclion price. Other credilors and provisions are recoonised
where the charfty has a presenl obligalion resulting trom a pa$1 event that will probably result In the
transfer ol funds to a Ihird party and the amount due to sellle the obllgation can be measured or
eslimated reliabty. Creditors and provlslons are nomally recognised at their settlemenl amount after
allowlTro for any trade dlscounts due.
19

The Flnlshlng School Foundatlon
Noles lo the Accounts
Research and development
Expenditure on research and development Is wrftten oll In the year In whlch It Is Incurred.
Foreign currencles
Monetary assets and liabilities denominated in currencies other than the functional currency ol the
charity are translated at the rates ol exchange prevailing at the end ol the reporting period.
TraTrsaclioTrs in ctjrrencies olher than the functional currency ol Ihe ¢harity are re¢orded al the rale of
exchange OTr the date that the transaction occurred.
All exchange dillerences are are taken into account in arrivino al nel incomelexpenditure.
Leased assets
Where the charity enters into a lease which entalls taking substantialty all the rlsks and rewards ol
ownership of an asset. the lease is treated as a finance lease.
Leases which do not transfer substantialty all the iisks and rewards of ownership to charity arè classifi8d
as operating leases.
Assets held under financ8 leases are initially recogni%ed as assets ol the charity at their falr value at the
inception ol the lease or, if lower. at the present value ol the minimum lease payments. The
coriesponding liability to the lessor is included in the balance sheet date as a finance lease obligation.
Lease payments are apportioned between finance expenses and reduction ol the lease oblioation so as lo
achieve a constant rate ol interest on the remaining balance of the liability. Finance expenses are
recognised immediately, unless they are directty allributable to qualifying assets, in which case they are
¢apitalised in accordance wilh Ihe charitys policy on borrowing costs.
Assets held under finance leases are depreclaled in the same way a$ owned assets.
Opèiating lease payments are re¢ognised as an expense on a straight-line basis over the lease term.
In the event that lease incentives are received to enter into operating leases. such incentives ale
recognised as a liability- The aggregate benefit ol incentives is recognised as a reduction of rental
expense on a straight-line basis.
Pension cosls
The charily operates a defined contribulion plan for its employees. A defined conlribulion plan Ss a
penslon plan under which the charfty pays fixed contributlons into a separate enlity. Once the
contribullons have been pald the charlty has no further payments obllgations. The contrlbutlons are
recognised as expenses when they tall due. Amounts nol paid are shown In accruaLs in the balance sheet.
The assets ol the plan are held Sepa￿telY from the Charlty in independently administered funds.
Receipt ol donated goods. lacililies and services
All donated goods. lacllitles and servlces recelved are recognlsed wlthln Incomlng resources and
expendlluie at an estimate ot the value lo Ihe charity.
20

The Finishing School Foundation
Notes to the Accounts
2 Statement ol Financial Activities- prior year
Unr85tricted
funds Total funds
2024
2024
Income and endowments from:
Donations and legacies
Tolal
10.000
10.000
10,000
10,000
Expendlture on..
Chadtable actlvltles
Other
8,104
4.895
8,104
4,895
Tolal
12,999
12,999
Nèt intome
12,9991
12,9991
Nel income before other
gainslllo$sesl
Other galns and losses=
Net movement in funds
12,9931
12,9991
12,gstyl
12,9991
Reconciliation ol funds:
Tolal funds carrled fon¥ard
12,9991
12,9991
3 Income from donallons and legacies
Unrestricted
Total
2025
Total
2024
Donations
82,439
82,439
82,439
82.439
10,000
10,000
4 Income from other tradino activities
Unrestricted
Total
2025
Total
2024
Fundraising Events
5,123
5.123
5.123
5,123
5 Expendlture on ralslno tunds
Unrestricted
Total
2025
Total
2024
Fundralslng tradlno costs
Fundraising Events
284
284

The Finishing School Foundatlon
Notes to the Accounts
6 Expenditure on charitable activities
Unrestricted
Total
2025
Total
2024
Expenditure on charttable
activities
Delivery Staff
Grants made
Governance costs
34.833
6,050
34,833
6,050
8,104
40,883
40,883
8.104
7 Analysis ol grants
Grants to
Individuals
Aclivity or programme
Total
2025
Total
2024
Bursaries
6,050
6,050
6,050
6.050
8.104
8.104
Grant
funding ot
activities
Activity or programme
Total
2025
Total
2024
Bursaries
6,050
6,050
6,050
6.050
8,104
8.104
8 Other expenditure
Unrestricted
Total
2025
Total
2024
General administrative costs
Legal and professional costs
1,915
3,125
5,040
1,915
3.125
5,040
4,895
4,895
9 Staff costs
No employee recelved emoluments In excess of £60.000.
10 Creditors..
amounts falling due within one year
2025
2024
Trade creditors
Other taxes and soclal securlty
Accruals
56
2,046
1,030
3,132
4,7g4
4,794

The Finishing School Foundation
Notes lo the Accounts
11 Movement In funds
Incominq
resources
(including
other
At 1 October gainsllosses
2024
Resources
expended
A130
September
2025
Restricted funds..
Unrestricted funds..
General funds
12.9991
87,562
146,2071
38,356
Total funds
12 Analysis of net assets between funds
12.gggi
87,562
146.2071
38,356
Unrestricted
funds
Total
Nel current assets
38,356
38.356
38,356
38,356
13 Reconciliation of net debt
A130
September
2025
At 1 O¢tober
2024
Cash flows
Cash and cash equivalents
1,795
1,795
39.693
39,693
41,488
41,488
Nel debt
1.795
39.693
41,488
23

The Flnlshlno Sehool Foundatlon
Stalement ot Cash flows
for the year ended 30 September 2025
2025
2024
Cash flows from operatino activities
Net inEomellexpenditurel per Statement ol Financial Activities
41,355
12,9991
Adjustments for..
IDecreasel/lncrease In trade and other payables
11,6621
4.794
Net cash provided by operatino activities
39,693
1,795
Net cash from investing activities
Net cash from tinancinp activities
Net inErease in cash and cash equNalents
39.693
1.795
Cash and cash equivalents at Ihe beginning of the year
1.795
Cash and cash equlvalents al Ihe end ol the year
41.488
1.795
Components of cash and cash equivalents
Cash and bank balances
41,488
1,795
41.488
1.795
24

The Finishing School Foundalion
Detailed Statement ot Financial Activities
tor the year ended 30 September 2025
Unrestritled
funds Total funds Total funds
2025
2025
2024
Income and endowments from=
Donations and legacies
Donations
82.439
82.439
82.439
82.439
10.000
10.000
Other trading activities
Fundralslng Events
5,123
5.123
5,123
5.123
Total income and endowments
87.562
87.562
10.000
Expenditure on..
Costs ol olher trading activilies
Fundraising Events
Total ol expenditure on raislng
lunds
Charitable actiwties
Delivery Staff
Granls made
34.833
6.050
40,883
34.833
6,050
40,883
8,104
8,104
Total ol expenditure on charllable
activities
40.883
40.883
8,104
General administrative costs.
including deprecialion and
amortisation
Bank charges
General Insurances
Software. IT support and ielated
costs
Sundry expenses
410
914
410
914
1,804
345
345
101
246
1.915
246
1,915
2.990
4,8g5
Legal aTrd professional costs
Audilllndependent examination
lees
Consultancy lees
1,030
1.030
2.095
3,125
2.095
3.125
5.040
Total ol expenditure of other costs
Tolal expenditure
Net galns on Investments
5.040
4.895
46.207
46.207
12.999

The Finishinu Sthool Foundation
Detailed Statement of Financial Activities
Net incomellexpendilure)
41,355
41,355
12.9991
Net incomellexpenditurel before
other galnslllossesl
Other Galns
41.355
41.355
12,9991
Net movefflent in funds
41.355
41.355
12.9991
Reconciliation of fund5'.
Total funds brought lon¥ard
12.9991
12.9991
Total funds carried forward
38.356
38.356
12.9991
26

## **Appendices** 

## **Appendix One - Copy of Memorandum of Understanding between The Finishing School Foundation (TFSF) and Brixton Finishing School (BFS)** 

## **Memorandum of Understanding (MoU)** 

Between: Brixton Finishing School (hereafter referred to as the "Social Enterprise"),, and The Finishing School Foundation (hereafter referred to as the "Charity") 

## 1. Purpose 

The purpose of this Memorandum of Understanding (MoU) is to outline the collaborative relationship between the Social Enterprise and the Charity. Both entities share a common mission to [insert shared mission, e.g., "support underrepresented individuals through training, employment opportunities, and holistic development"]. This MoU establishes the framework for cooperation while maintaining the independence and distinct legal responsibilities of both parties. 

## 2. Objectives 

The key objectives of this partnership are: 

1. To leverage the strengths of each organisation in achieving shared goals. 

2. To facilitate the flow of resources and knowledge to maximise impact. 

3. To ensure transparency, accountability, and compliance with respective legal obligations. 

## 3. Roles and Responsibilities 

Social Enterprise: 

● Generate revenue through [specific activities, e.g., selling products/services] and reinvest a percentage of profits into charitable purposes. 

● Provide operational or programmatic support as agreed with the Charity (e.g., training delivery, employment opportunities). 

**27** 



- Collaborate with the Charity on joint projects, ensuring alignment with shared objectives. 

Charity: 

- Deliver charitable activities aligned with its mission, including [specific examples, e.g., 

- counselling, training sessions]. 

- Refer beneficiaries to the Social Enterprise for further opportunities (e.g., employment or skills 

- development). 

- Secure and manage funding streams that directly support charitable activities. 

## 4. Financial Arrangements 

1. The Social Enterprise agrees to donate [percentage or fixed amount] of its annual profits to the Charity. These funds must be used exclusively for purposes aligned with the Charity’s objectives. 

2. The Charity may contract the Social Enterprise to deliver specific services or projects. Terms of such contracts will be agreed upon separately. 

3. Cost-sharing arrangements for shared resources (e.g., office space, technology, or personnel) will be documented in a separate agreement. 

## 5. Governance 

● Both parties will maintain distinct governance structures, including independent boards of directors/trustees, in compliance with their respective legal obligations. 

● Joint activities will be overseen by a Partnership Committee, consisting of representatives from both organisations, which will meet quarterly to review progress and address any issues. 

- Conflict of interest policies will be implemented to ensure transparency and accountability. 

## 6. Communication and Branding 

● The Social Enterprise and the Charity will collaborate on joint branding and messaging for shared initiatives, ensuring clarity for beneficiaries, funders, and stakeholders. 

● Public communication about the partnership must be agreed upon by both parties to maintain consistency and avoid confusion. 

**28** 



## 7. Monitoring and Evaluation 

- Key performance indicators (KPIs) will be jointly established to measure the impact of 

- collaborative activities. 

- Regular reports will be prepared by both parties to evaluate progress and inform decision- 

- making. 

## 8. Data Sharing Policy 

## Purpose 

This Data Sharing Policy outlines how Brixton Finishing School (the "Social Enterprise") and The Finishing School Foundation (the "Charity") will share data responsibly and in compliance with the UK General Data Protection Regulation (GDPR) and other applicable laws. 

## Principles 

1. Lawfulness, Fairness, and Transparency: Data will only be shared in a lawful and transparent manner, ensuring that individuals are informed of how their data is used. 

2. Purpose Limitation: Data will be shared only for specific, explicit, and legitimate purposes that align with the objectives of both organisations. 

3. Data Minimisation: Only the data necessary to achieve the stated purpose will be shared. 

4. Accuracy: Both parties will ensure the accuracy of shared data and update it as necessary. 

5. Storage Limitation: Data will be retained only as long as necessary for the purposes for which it is shared. 

6. Integrity and Confidentiality: Data will be handled securely to prevent unauthorized access, loss, or damage. 

## Types of Data Shared 

The following categories of data may be shared between the Social Enterprise and the Charity: 

- Beneficiary data (e.g., names, contact details, participation records). 

- Programme data (e.g., attendance, outcomes, feedback). 

- Financial data related to joint activities. 

## Responsibilities of Each Party 

**29** 



1. Social Enterprise: 

- Ensure all shared data is obtained and processed in compliance with GDPR. 

- Provide data only for the agreed-upon purposes. 

- Implement security measures to protect data during transfer. 

2. Charity: 

- Use shared data solely for the agreed purposes. 

- Maintain the confidentiality and security of shared data. 

- Notify the Social Enterprise promptly in the event of a data breach. 

## Data Subject Rights 

Both organisations will uphold individuals' rights under GDPR, including: 

- The right to access their data. 

- The right to rectify inaccuracies. 

- The right to object to data processing. 

- The right to erasure (where applicable). 

## Legal Basis for Data Sharing 

Data sharing will be conducted on the basis of legitimate interests or other applicable legal grounds, ensuring compliance with GDPR. 

## Data Sharing Agreements 

A detailed Data Sharing Agreement (DSA) will be established, outlining: 

- Specific data to be shared. 

- Security measures in place. 

- Procedures for responding to data subject requests. 

- Terms for terminating the data-sharing arrangement. 

## Review and Monitoring 

This policy will be reviewed annually or as required to ensure continued compliance with GDPR and other legal requirements. 

9. Duration and Termination 

**30** 



- This MoU will remain in effect for [duration, e.g., three years] from the date of signing unless 

- terminated earlier by mutual agreement. 

- Either party may terminate the MoU with [notice period, e.g., 60 days’ written notice], provided 

- obligations under any ongoing contracts are fulfilled. 

## 10. Legal Status 

- This MoU is not a legally binding document but represents a commitment to the principles and 

- arrangements outlined herein. Any legally binding agreements will be documented separately. 

- Signed by Dino Myers Lamptey (Lead Trustee TFSF) and Ally Owen (Director, BFS) 

**31** 



## **Appendix Two: TFSF Summer School Bursary Process** 


TFSF Summer School Bursary Process 

## 1. Applications Open: 

- We announce the opening and closing dates for bursary applications well in advance. 

- All SS students are made aware of the bursary and email Andrew to be supplied with the full 

- application 

- Andrew South (Head of Mentorship at BFS) shares application info with students 

- You can find the application form and details about the programme on our Google Drive with 

- all applicant info 

- Students were given 2 weeks to apply 

## 2. They Apply: 

- Students submit your completed application form via Google Forms including all relevant 

documents: 

- ○ 

- Proof of financial need (e.g., benefit letters, income statements) A personal statement explaining 

why they need the bursary and how it will benefit them 

## 3. Staff Review Applications: 

- BFS dedicated staff carefully review each application based on predetermined criteria, including: 

**32** 



- Financial need 

- NEET status 

- Home/family situation 

- The strength of personal statement 

## 4. Decision Time: 

- Applications will be categorised as either "Approved" or "Requesting Further Information” or “No” 

- Approved: If your application demonstrates strong financial need and aligns well with our selection criteria, students will be awarded a bursary after trustee approval 

- Requesting Further Information: If we require additional documentation or clarification, we'll contact 

- the students directly to request additional details. 

- No: student has not supplied information that either demonstrates need or has not supplied the additional requested 

## 5. Board Verification: 

- All "Approved" applications are sent to the trustees committee for final verification and approval. 

- This ensures all decisions are made consistently and within budget limitations. 

6. Communication and Payment: 

- We'll inform students of the decision via email. 

- Successful applicants will receive details on the bursary amount and how it will be paid. 

- Weekly payments will be made based on their attendance to summer school 

- If they don’t attend payments will be withdrawn and stopped ○ It will be noted and 

added to their Salesforce account. 

- Unsuccessful applicants will (where possible) receive feedback on their application and may be 

**33** 



directed to alternative financial aid options (if available). 

- Payments are processed promptly for successful applicants according to the chosen payment 

method. 

**34** 



## **The Finishing School Foundation** 

**Charity No. 1204615** 

**Trustees' Report and Unaudited Accounts** 

**30 September 2025** 



**The Finishing School Foundation Contents** 

||Pages|
|---|---|
|Trustees' Annual Report|2|
|Independent Examiner's Report|3|
|Statement of Financial Activities|4|
|Balance Sheet|5|
|Statement of Cash flows|12|
|Notes to the Accounts|6 to 11|
|Detailed Statement of Financial Activities|13 to 14|



Page 1 



**The Finishing School Foundation Trustees Annual Report** 

The trustees present their report with the unaudited financial statements of the charity for the year ended 30 September 2025. 

## **REFERENCEAND ADMINISTRATIVEDETAILS** 

## **Charity No. 1204615** 

## **Trustees** 

The following trustees served during the year: 

C. Forbes 

B. Major 

D. Myer-Lamptey 

G. Osler 

A. Owen 


## **Accountants** 

Accounting for Good CIC 2 Geordie Ridley Place Upper Precinct Wesley Court Blaydon on Tyne Tyne and Wear NE21 5BT 

## **Statement of trustees' responsibilities in relation to the financial statements** 

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. 

Signed on behalf of the charity's trustees 

24 Mar 2026, 19:17:01 UTC 

A. Owen Trustee 24 March 2026 

Page 2 



**The Finishing School Foundation Independent Examiners Report** 

## **Independent Examiner's Report to the trustees of The Finishing School Foundation** 

I report to the trustees on my examination of the financial statements of The Finishing School Foundation for the year ended 30 September 2025. 

## **Responsibilities and basis of report** 

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act'). 

I report in respect of my examination of the charity's financial statements 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 examiner's statement** 

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

- the accounting records were not kept in respect of the charity as required by section 130 of the Act; or 

- the financial statements do not accord with those records; or 

- the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial statements to be reached. 

Kay Wightman FFA FTA Accounting for Good CIC 2 Geordie Ridley Place Upper Precinct Wesley Court Blaydon on Tyne Tyne and Wear NE21 5BT 24 March 2026 

Page 3 



**The Finishing School Foundation Statement of Financial Activities** 

## **for the year ended 30 September 2025** 

||||**Unrestricted**||||||
|---|---|---|---|---|---|---|---|---|
||||**funds**||**Total funds**||**Total funds**||
||||**2025**||**2025**||**2024**||
||**Notes**||**£**||**£**||**£**||
|**Income and endowments**|||||||||
|**from:**|||||||||
|Donations and legacies|3||82,439||82,439||10,000||
|Other trading activities|4||5,123||5,123||-||
||||||||||
|**Total**|||87,562||87,562||10,000||
|**Expenditure on:**|||||||||
|Raising funds|5||284||284||-||
|Charitable activities|6||40,883||40,883||8,104||
|Other|8||5,040||5,040||4,895||
||||||||||
|**Total**|||46,207||46,207||12,999||
|Net gains on investments|||-||-||-||
||||||||||
|**Net income/ (expenditure)**|||41,355||41,355||(2,999)||
|Transfers between funds|||-||-||-||
||||||||||
|**Net income/ (expenditure)**<br>**before other gains/ (losses)**|||41,355||41,355||(2,999)||
|**Other gains and losses**|||||||||
||||||||||
|**Net movement in funds**|||41,355||41,355||(2,999)||
|**Reconciliation of funds:**|||||||||
|Total funds brought forward|||(2,999)||(2,999)||-||
||||||||||
|**Total funds carried forward**|||38,356||38,356||(2,999)||
||||||||||



Page 4 



**The Finishing School Foundation Balance Sheet** 

**at 30 September 2025** 

|**Charity No. 1204615**||**2025**|**2024**|
|---|---|---|---|
|||**£**|**£**|
|**Current assets**||||
|Cash at bank and in hand||41,488|1,795|
|||||
|||41,488|1,795|
|**Creditors:**Amount falling due within one year|10|(3,132)|(4,794)|
|||||
|**Net current assets/ (liabilities)**||38,356|(2,999)|
|**Total assets less current liabilities**||38,356|(2,999)|
|||||
|**Net assets/ (liabilities) excluding pension asset or liability**||38,356|(2,999)|
|||||
|**Total net assets/ (liabilities)**||38,356|(2,999)|
|**The funds of the charity**||||
|**Restricted funds**|11|||
|**Unrestricted funds**|11|||
|General funds||38,356|(2,999)|
|||||
|||38,356|(2,999)|
|**Reserves**|11|||
|||||
|**Total funds**||38,356|(2,999)|
|Approved by the trustees on 24 March 2026||||
|And signed on their behalf by:||||



24 Mar 2026, 19:17:01 UTC A. Owen Trustee 24 March 2026 

Page 5 



**The Finishing School Foundation Notes to the Accounts** 

## **for the year ended 30 September 2025** 

- 1 **Accounting policies** 

## **Basis of preparation** 

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UKand Republic if Ireland (FRS102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) and the Charities Act 2011. 

## **Change in basis of accounting or to previous accounts** 

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. 

## **Fund accounting** 

- Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. 

- Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. 

- Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal. 

## **Income** 

- Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. 

- Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. 

- Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. 

- Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. 

- Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets 

Page 6 



**The Finishing School Foundation Notes to the Accounts** 

## **Expenditure** 

- Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. 

- Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. 

- Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. 

- Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. 

- Other expenditure These are support costs not allocated to a particular activity. 

## **Taxation** 

The charity is exempt from tax on its charitable activities. 

## **Freehold investment property** 

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise. 

## **Stocks** 

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market. 

## **Trade and other debtors** 

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 

## **Cash and cash equivalents** 

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. 

## **Trade and other creditors** 

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. 

Page 7 



**The Finishing School Foundation Notes to the Accounts** 

## **Research and development** 

Expenditure on research and development is written off in the year in which it is incurred. 

## **Foreign currencies** 

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. 

Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. 

All exchange differences are are taken into account in arriving at net income/expenditure. 

## **Leased assets** 

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. 

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases. 

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. 

Assets held under finance leases are depreciated in the same way as owned assets. 

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis. 

## **Pension costs** 

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds. 

## **Receipt of donated goods, facilities and services** 

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity. 

Page 8 



## **The Finishing School Foundation** 

## **Notes to the Accounts** 

- 2 **Statement of Financial Activities - prior year** 

|2|**Statement of Financial Activities - prior year**|||||
|---|---|---|---|---|---|
||||**Unrestricted**|||
||||**funds**||**Total funds**|
||||**2024**||**2024**|
||||**£**||**£**|
|**Income and endowments from:**||||||
||Donations and legacies||10,000||10,000|
|||||||
|**Total**|||10,000||10,000|
|**Expenditure on:**||||||
||Charitable activities||8,104||8,104|
||Other||4,895||4,895|
|||||||
|**Total**|||12,999||12,999|
|||||||
|**Net **|**income**||(2,999)||(2,999)|
|||||||
|**Net **|**income before other**|||||
|**gains/ (losses)**|||(2,999)||(2,999)|
|**Other gains and losses:**||||||
|||||||
|**Net **|**movement in funds**||(2,999)||(2,999)|
|**Reconciliation of funds:**||||||
|||||||
|**Total funds carried forward**|||(2,999)||(2,999)|
|3|**Income from donations and legacies**|||||
|||**Unrestricted**|**Total**||**Total**|
||||**2025**||**2024**|
|||**£**|**£**||**£**|
||Donations|82,439|82,439||10,000|
|||||||
|||82,439|82,439||10,000|
|||||||
|4|**Income from other trading activities**|||||
|||**Unrestricted**|**Total**||**Total**|
||||**2025**||**2024**|
|||**£**|**£**||**£**|
||Fundraising Events|5,123|5,123||-|
|||||||
|||5,123|5,123||-|
|||||||
|5|**Expenditure on raising funds**|||||
|||**Unrestricted**|**Total**||**Total**|
||||**2025**||**2024**|
|||**£**|**£**||**£**|
||_Fundraising trading costs_|||||
||Fundraising Events|284|284||-|
|||||||
|||284|284||-|



Page 9 



**The Finishing School Foundation Notes to the Accounts** 

## 6 **Expenditure on charitable activities** 

|6|**Expenditure on charitable activities**||||
|---|---|---|---|---|
|||**Unrestricted**|**Total**|**Total**|
||||**2025**|**2024**|
|||**£**|**£**|**£**|
||_Expenditure on charitable_||||
||_activities_||||
||Delivery Staff|34,833|34,833|-|
||Grants made|6,050|6,050|8,104|
||_Governance costs_||||
||||||
|||40,883|40,883|8,104|
||||||
|7|**Analysis of grants**||||
|||**Grants to**|||
||**Activity or programme**|**Individuals**|**Total**|**Total**|
||||**2025**|**2024**|
|||**£**|**£**|**£**|
||Bursaries|6,050|6,050|8,104|
||||||
|||6,050|6,050|8,104|
||||||
|||**Grant**|||
|||**funding of**|||
||**Activity or programme**|**activities**|**Total**|**Total**|
||||**2025**|**2024**|
|||**£**|**£**|**£**|
||Bursaries|6,050|6,050|8,104|
||||||
|||6,050|6,050|8,104|
||||||
|8|**Other expenditure**||||
|||**Unrestricted**|**Total**|**Total**|
||||**2025**|**2024**|
|||**£**|**£**|**£**|
||General administrative costs|1,915|1,915|4,895|
||Legal and professional costs|3,125|3,125|-|
||||||
|||5,040|5,040|4,895|
||||||
|9|**Staff costs**||||
||No employee received emoluments in excess of £60,000.||||
|10|**Creditors:**||||
||amounts falling due within one year||||
|||**2025**||**2024**|
|||**£**||**£**|
||Trade creditors|56||4,794|
||Other taxes and social security|2,046||-|
||Accruals|1,030||-|
||||||
|||3,132||4,794|
||||||



Page 10 



**The Finishing School Foundation Notes to the Accounts** 

## 11 **Movement in funds** 

|11|**Movement in funds**|||||||
|---|---|---|---|---|---|---|---|
||||||**Incoming**|||
|||||**At 1 October**|**resources**<br>**(including**<br>**other**<br>**gains/ losses**|**Resources**<br>**expended**|**At 30**<br>**September**<br>**2025**|
|||||**2024**|**)**|||
||||||**£**|**£**|**£**|
||**Restricted funds:**|||||||
||**Unrestricted funds:**|||||||
||**General funds**|||(2,999)|87,562|(46,207)|38,356|
|||||||||
||**Total funds**|||(2,999)|87,562|(46,207)|38,356|
|12|**Analysis of net assets between funds**|||||||
|||||||**Unrestricted**<br>**funds**|**Total**|
|||||||**£**|**£**|
||Net current assets|||||38,356|38,356|
|||||||||
|||||||38,356|38,356|
|||||||||
|13|**Reconciliation of net **|**debt**||||||
||||||||**At 30**|
||||||**At 1 October**||**September**|
||||||**2024**|**Cash flows**|**2025**|
||||||**£**|**£**|**£**|
||Cash and cash equivalents||||1,795|39,693|41,488|
|||||||||
||||||1,795|39,693|41,488|
|||||||||
||Net debt||||1,795|39,693|41,488|
|||||||||



Page 11 



**The Finishing School Foundation Statement of Cash flows for the year ended 30 September 2025** 

||**2025**|**2024**|
|---|---|---|
||**£**|**£**|
|**Cash flows from operating activities**|||
|**Net income/ (expenditure) per Statement of Financial Activities**|41,355|(2,999)|
|**Adjustments for:**|||
|(Decrease)/Increase in trade and other payables|(1,662)|4,794|
||||
|**Net cash provided by operating activities**|39,693|1,795|
||||
|**Net cash from investing activities**|-|-|
||||
|**Net cash from financing activities**|-|-|
|**Net increase in cash and cash equivalents**|39,693|1,795|
|**Cash and cash equivalents at the beginning of the year**|1,795|-|
||||
|**Cash and cash equivalents at the end of the year**|41,488|1,795|
|**Components of cash and cash equivalents**|||
|Cash and bank balances|41,488|1,795|
||||
||41,488|1,795|
||||



Page 12 



**The Finishing School Foundation Detailed Statement of Financial Activities** 

## **for the year ended 30 September 2025** 

||**Unrestricted**|||
|---|---|---|---|
||**funds**|**Total funds**|**Total funds**|
||**2025**|**2025**|**2024**|
||**£**|**£**|**£**|
|**Income and endowments from:**||||
|Donations and legacies||||
|Donations|82,439|82,439|10,000|
|||||
||82,439|82,439|10,000|
|||||
|Other trading activities||||
|Fundraising Events|5,123|5,123|-|
|||||
||5,123|5,123|-|
|||||
|**Total income and endowments**|87,562|87,562|10,000|
|**Expenditure on:**||||
|Costs of other trading activities||||
|Fundraising Events|284|284|-|
|||||
||284|284|-|
|||||
|**Total of expenditure on raising**|284|284|-|
|**funds**||||
|Charitable activities||||
|Delivery Staff|34,833|34,833|-|
|Grants made|6,050|6,050|8,104|
|||||
||40,883|40,883|8,104|
|||||
|**Total of expenditure on charitable**<br>**activities**|40,883|40,883|8,104|
|General administrative costs,||||
|including depreciation and||||
|amortisation||||
|Bank charges|410|410|-|
|General insurances|914|914|1,804|
|Software, IT support and related|345|345|101|
|costs||||
|Sundry expenses|246|246|2,990|
|||||
||1,915|1,915|4,895|
|||||
|Legal and professional costs||||
|Audit/Independent examination<br>fees|1,030|1,030|-|
|Consultancy fees|2,095|2,095|-|
|||||
||3,125|3,125|-|
|||||
|||||
|**Total of expenditure of other costs**|5,040|5,040|4,895|
|**Total expenditure**|46,207|46,207|12,999|
|Net gains on investments|-|-|-|



Page 13 



**The Finishing School Foundation Detailed Statement of Financial Activities** 

|**Net income/ (expenditure)**|41,355|41,355|(2,999)|
|---|---|---|---|
|||||
|**Net income/ (expenditure) before**<br>**other gains/ (losses)**|41,355|41,355|(2,999)|
|Other Gains|-|-|-|
|||||
|**Net movement in funds**|41,355|41,355|(2,999)|
|||||
|**Reconciliation of funds:**||||
|Total funds brought forward|(2,999)|(2,999)|-|
|||||
|**Total funds carried forward**|38,356|38,356|(2,999)|



Page 14 



## **The Finishing School Foundation** 

**Charity No. 1204615** 

**Trustees' Report and Unaudited Accounts** 

**30 September 2025** 



**The Finishing School Foundation Contents** 

||Pages|
|---|---|
|Trustees' Annual Report|2|
|Independent Examiner's Report|3|
|Statement of Financial Activities|4|
|Balance Sheet|5|
|Statement of Cash flows|12|
|Notes to the Accounts|6 to 11|
|Detailed Statement of Financial Activities|13 to 14|



Page 1 



**The Finishing School Foundation Trustees Annual Report** 

The trustees present their report with the unaudited financial statements of the charity for the year ended 30 September 2025. 

## **REFERENCEAND ADMINISTRATIVEDETAILS** 

## **Charity No. 1204615** 

## **Trustees** 

The following trustees served during the year: 

C. Forbes 

B. Major 

D. Myer-Lamptey 

G. Osler 

A. Owen 


## **Accountants** 

Accounting for Good CIC 2 Geordie Ridley Place Upper Precinct Wesley Court Blaydon on Tyne Tyne and Wear NE21 5BT 

## **Statement of trustees' responsibilities in relation to the financial statements** 

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. 

Signed on behalf of the charity's trustees 

24 Mar 2026, 19:17:01 UTC 

A. Owen Trustee 24 March 2026 

Page 2 



**The Finishing School Foundation Independent Examiners Report** 

## **Independent Examiner's Report to the trustees of The Finishing School Foundation** 

I report to the trustees on my examination of the financial statements of The Finishing School Foundation for the year ended 30 September 2025. 

## **Responsibilities and basis of report** 

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act'). 

I report in respect of my examination of the charity's financial statements 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 examiner's statement** 

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

- the accounting records were not kept in respect of the charity as required by section 130 of the Act; or 

- the financial statements do not accord with those records; or 

- the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial statements to be reached. 

Kay Wightman FFA FTA Accounting for Good CIC 2 Geordie Ridley Place Upper Precinct Wesley Court Blaydon on Tyne Tyne and Wear NE21 5BT 24 March 2026 

Page 3 



**The Finishing School Foundation Statement of Financial Activities** 

## **for the year ended 30 September 2025** 

||||**Unrestricted**||||||
|---|---|---|---|---|---|---|---|---|
||||**funds**||**Total funds**||**Total funds**||
||||**2025**||**2025**||**2024**||
||**Notes**||**£**||**£**||**£**||
|**Income and endowments**|||||||||
|**from:**|||||||||
|Donations and legacies|3||82,439||82,439||10,000||
|Other trading activities|4||5,123||5,123||-||
||||||||||
|**Total**|||87,562||87,562||10,000||
|**Expenditure on:**|||||||||
|Raising funds|5||284||284||-||
|Charitable activities|6||40,883||40,883||8,104||
|Other|8||5,040||5,040||4,895||
||||||||||
|**Total**|||46,207||46,207||12,999||
|Net gains on investments|||-||-||-||
||||||||||
|**Net income/ (expenditure)**|||41,355||41,355||(2,999)||
|Transfers between funds|||-||-||-||
||||||||||
|**Net income/ (expenditure)**<br>**before other gains/ (losses)**|||41,355||41,355||(2,999)||
|**Other gains and losses**|||||||||
||||||||||
|**Net movement in funds**|||41,355||41,355||(2,999)||
|**Reconciliation of funds:**|||||||||
|Total funds brought forward|||(2,999)||(2,999)||-||
||||||||||
|**Total funds carried forward**|||38,356||38,356||(2,999)||
||||||||||



Page 4 



**The Finishing School Foundation Balance Sheet** 

**at 30 September 2025** 

|**Charity No. 1204615**||**2025**|**2024**|
|---|---|---|---|
|||**£**|**£**|
|**Current assets**||||
|Cash at bank and in hand||41,488|1,795|
|||||
|||41,488|1,795|
|**Creditors:**Amount falling due within one year|10|(3,132)|(4,794)|
|||||
|**Net current assets/ (liabilities)**||38,356|(2,999)|
|**Total assets less current liabilities**||38,356|(2,999)|
|||||
|**Net assets/ (liabilities) excluding pension asset or liability**||38,356|(2,999)|
|||||
|**Total net assets/ (liabilities)**||38,356|(2,999)|
|**The funds of the charity**||||
|**Restricted funds**|11|||
|**Unrestricted funds**|11|||
|General funds||38,356|(2,999)|
|||||
|||38,356|(2,999)|
|**Reserves**|11|||
|||||
|**Total funds**||38,356|(2,999)|
|Approved by the trustees on 24 March 2026||||
|And signed on their behalf by:||||



24 Mar 2026, 19:17:01 UTC A. Owen Trustee 24 March 2026 

Page 5 



**The Finishing School Foundation Notes to the Accounts** 

## **for the year ended 30 September 2025** 

- 1 **Accounting policies** 

## **Basis of preparation** 

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UKand Republic if Ireland (FRS102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) and the Charities Act 2011. 

## **Change in basis of accounting or to previous accounts** 

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. 

## **Fund accounting** 

- Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. 

- Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. 

- Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal. 

## **Income** 

- Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. 

- Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. 

- Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. 

- Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. 

- Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets 

Page 6 



**The Finishing School Foundation Notes to the Accounts** 

## **Expenditure** 

- Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. 

- Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. 

- Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. 

- Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. 

- Other expenditure These are support costs not allocated to a particular activity. 

## **Taxation** 

The charity is exempt from tax on its charitable activities. 

## **Freehold investment property** 

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise. 

## **Stocks** 

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market. 

## **Trade and other debtors** 

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 

## **Cash and cash equivalents** 

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. 

## **Trade and other creditors** 

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. 

Page 7 



**The Finishing School Foundation Notes to the Accounts** 

## **Research and development** 

Expenditure on research and development is written off in the year in which it is incurred. 

## **Foreign currencies** 

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. 

Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. 

All exchange differences are are taken into account in arriving at net income/expenditure. 

## **Leased assets** 

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. 

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases. 

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. 

Assets held under finance leases are depreciated in the same way as owned assets. 

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis. 

## **Pension costs** 

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds. 

## **Receipt of donated goods, facilities and services** 

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity. 

Page 8 



## **The Finishing School Foundation** 

## **Notes to the Accounts** 

- 2 **Statement of Financial Activities - prior year** 

|2|**Statement of Financial Activities - prior year**|||||
|---|---|---|---|---|---|
||||**Unrestricted**|||
||||**funds**||**Total funds**|
||||**2024**||**2024**|
||||**£**||**£**|
|**Income and endowments from:**||||||
||Donations and legacies||10,000||10,000|
|||||||
|**Total**|||10,000||10,000|
|**Expenditure on:**||||||
||Charitable activities||8,104||8,104|
||Other||4,895||4,895|
|||||||
|**Total**|||12,999||12,999|
|||||||
|**Net **|**income**||(2,999)||(2,999)|
|||||||
|**Net **|**income before other**|||||
|**gains/ (losses)**|||(2,999)||(2,999)|
|**Other gains and losses:**||||||
|||||||
|**Net **|**movement in funds**||(2,999)||(2,999)|
|**Reconciliation of funds:**||||||
|||||||
|**Total funds carried forward**|||(2,999)||(2,999)|
|3|**Income from donations and legacies**|||||
|||**Unrestricted**|**Total**||**Total**|
||||**2025**||**2024**|
|||**£**|**£**||**£**|
||Donations|82,439|82,439||10,000|
|||||||
|||82,439|82,439||10,000|
|||||||
|4|**Income from other trading activities**|||||
|||**Unrestricted**|**Total**||**Total**|
||||**2025**||**2024**|
|||**£**|**£**||**£**|
||Fundraising Events|5,123|5,123||-|
|||||||
|||5,123|5,123||-|
|||||||
|5|**Expenditure on raising funds**|||||
|||**Unrestricted**|**Total**||**Total**|
||||**2025**||**2024**|
|||**£**|**£**||**£**|
||_Fundraising trading costs_|||||
||Fundraising Events|284|284||-|
|||||||
|||284|284||-|



Page 9 



**The Finishing School Foundation Notes to the Accounts** 

## 6 **Expenditure on charitable activities** 

|6|**Expenditure on charitable activities**||||
|---|---|---|---|---|
|||**Unrestricted**|**Total**|**Total**|
||||**2025**|**2024**|
|||**£**|**£**|**£**|
||_Expenditure on charitable_||||
||_activities_||||
||Delivery Staff|34,833|34,833|-|
||Grants made|6,050|6,050|8,104|
||_Governance costs_||||
||||||
|||40,883|40,883|8,104|
||||||
|7|**Analysis of grants**||||
|||**Grants to**|||
||**Activity or programme**|**Individuals**|**Total**|**Total**|
||||**2025**|**2024**|
|||**£**|**£**|**£**|
||Bursaries|6,050|6,050|8,104|
||||||
|||6,050|6,050|8,104|
||||||
|||**Grant**|||
|||**funding of**|||
||**Activity or programme**|**activities**|**Total**|**Total**|
||||**2025**|**2024**|
|||**£**|**£**|**£**|
||Bursaries|6,050|6,050|8,104|
||||||
|||6,050|6,050|8,104|
||||||
|8|**Other expenditure**||||
|||**Unrestricted**|**Total**|**Total**|
||||**2025**|**2024**|
|||**£**|**£**|**£**|
||General administrative costs|1,915|1,915|4,895|
||Legal and professional costs|3,125|3,125|-|
||||||
|||5,040|5,040|4,895|
||||||
|9|**Staff costs**||||
||No employee received emoluments in excess of £60,000.||||
|10|**Creditors:**||||
||amounts falling due within one year||||
|||**2025**||**2024**|
|||**£**||**£**|
||Trade creditors|56||4,794|
||Other taxes and social security|2,046||-|
||Accruals|1,030||-|
||||||
|||3,132||4,794|
||||||



Page 10 



**The Finishing School Foundation Notes to the Accounts** 

## 11 **Movement in funds** 

|11|**Movement in funds**|||||||
|---|---|---|---|---|---|---|---|
||||||**Incoming**|||
|||||**At 1 October**|**resources**<br>**(including**<br>**other**<br>**gains/ losses**|**Resources**<br>**expended**|**At 30**<br>**September**<br>**2025**|
|||||**2024**|**)**|||
||||||**£**|**£**|**£**|
||**Restricted funds:**|||||||
||**Unrestricted funds:**|||||||
||**General funds**|||(2,999)|87,562|(46,207)|38,356|
|||||||||
||**Total funds**|||(2,999)|87,562|(46,207)|38,356|
|12|**Analysis of net assets between funds**|||||||
|||||||**Unrestricted**<br>**funds**|**Total**|
|||||||**£**|**£**|
||Net current assets|||||38,356|38,356|
|||||||||
|||||||38,356|38,356|
|||||||||
|13|**Reconciliation of net **|**debt**||||||
||||||||**At 30**|
||||||**At 1 October**||**September**|
||||||**2024**|**Cash flows**|**2025**|
||||||**£**|**£**|**£**|
||Cash and cash equivalents||||1,795|39,693|41,488|
|||||||||
||||||1,795|39,693|41,488|
|||||||||
||Net debt||||1,795|39,693|41,488|
|||||||||



Page 11 



**The Finishing School Foundation Statement of Cash flows for the year ended 30 September 2025** 

||**2025**|**2024**|
|---|---|---|
||**£**|**£**|
|**Cash flows from operating activities**|||
|**Net income/ (expenditure) per Statement of Financial Activities**|41,355|(2,999)|
|**Adjustments for:**|||
|(Decrease)/Increase in trade and other payables|(1,662)|4,794|
||||
|**Net cash provided by operating activities**|39,693|1,795|
||||
|**Net cash from investing activities**|-|-|
||||
|**Net cash from financing activities**|-|-|
|**Net increase in cash and cash equivalents**|39,693|1,795|
|**Cash and cash equivalents at the beginning of the year**|1,795|-|
||||
|**Cash and cash equivalents at the end of the year**|41,488|1,795|
|**Components of cash and cash equivalents**|||
|Cash and bank balances|41,488|1,795|
||||
||41,488|1,795|
||||



Page 12 



**The Finishing School Foundation Detailed Statement of Financial Activities** 

## **for the year ended 30 September 2025** 

||**Unrestricted**|||
|---|---|---|---|
||**funds**|**Total funds**|**Total funds**|
||**2025**|**2025**|**2024**|
||**£**|**£**|**£**|
|**Income and endowments from:**||||
|Donations and legacies||||
|Donations|82,439|82,439|10,000|
|||||
||82,439|82,439|10,000|
|||||
|Other trading activities||||
|Fundraising Events|5,123|5,123|-|
|||||
||5,123|5,123|-|
|||||
|**Total income and endowments**|87,562|87,562|10,000|
|**Expenditure on:**||||
|Costs of other trading activities||||
|Fundraising Events|284|284|-|
|||||
||284|284|-|
|||||
|**Total of expenditure on raising**|284|284|-|
|**funds**||||
|Charitable activities||||
|Delivery Staff|34,833|34,833|-|
|Grants made|6,050|6,050|8,104|
|||||
||40,883|40,883|8,104|
|||||
|**Total of expenditure on charitable**<br>**activities**|40,883|40,883|8,104|
|General administrative costs,||||
|including depreciation and||||
|amortisation||||
|Bank charges|410|410|-|
|General insurances|914|914|1,804|
|Software, IT support and related|345|345|101|
|costs||||
|Sundry expenses|246|246|2,990|
|||||
||1,915|1,915|4,895|
|||||
|Legal and professional costs||||
|Audit/Independent examination<br>fees|1,030|1,030|-|
|Consultancy fees|2,095|2,095|-|
|||||
||3,125|3,125|-|
|||||
|||||
|**Total of expenditure of other costs**|5,040|5,040|4,895|
|**Total expenditure**|46,207|46,207|12,999|
|Net gains on investments|-|-|-|



Page 13 



**The Finishing School Foundation Detailed Statement of Financial Activities** 

|**Net income/ (expenditure)**|41,355|41,355|(2,999)|
|---|---|---|---|
|||||
|**Net income/ (expenditure) before**<br>**other gains/ (losses)**|41,355|41,355|(2,999)|
|Other Gains|-|-|-|
|||||
|**Net movement in funds**|41,355|41,355|(2,999)|
|||||
|**Reconciliation of funds:**||||
|Total funds brought forward|(2,999)|(2,999)|-|
|||||
|**Total funds carried forward**|38,356|38,356|(2,999)|



Page 14