Saint Olave's Grammar School Enrichment and Development Trustees. Annual Report and Financial Statements For the Year Ended 31 March 2025
Reference and Administrative Details Charity Name.. Saint Olave's Grammar School ET]richment and Development CIO Charity Registration Number: 1208868 Legal Structure: Charitable Incorporated Organisation (CIO) Principal Address.. St Olave's Grammar School, Goddington Lane, Orpington, Kent BR6 9SH Trustees during the year and at the date of approval.. Lucy Crawford (Appointed on registration) Russell Walters (Appointed on registration) David McBrfde (Chalr, appointed on registratlon) Bankers.. Lloyds Banl Orpington High Street Strurture, Governance and Management Governing Document: The charity is a Charitable Incorporated Organisation (CIO) governed by its Constitution dated 27ih lune 2024. Appointment of Trustees: Trustees are appointed in accordance wlth the provisions set out in the Constitution. Organisational Structure: The Trustees are responsible for the strategic direction and governance of the charity. As the charity had no operational activity during the year, no stsff were employed and no sub-committees were formed. Objectives and Activities Objects of the Charity.. The charity's objective is to advance education for the benefit of pupils of Saint Olave's Grammar School by providing enrichment opportunities and supporting development initiatives beyond statutory provision. Public Benefit Statement: The Trustees confirni that they have referred to the Charity Commission'5 guidance on public benefit when reviewing the chariWs aims and objectives and in planning fvture activities. Achievements and Performance During the year ended 31 March 2025. the charity undertook no fundraising grant-making, or operational attivity during the year, although the charity remained active and in good standing. No incorne was received and no expenditure was incurred during the reporting period. The Trustees ensured that the charity remained complianl with statutory reporting and regulatory requirements.
Financial Review Total income.. £0 Total expenditure.. £0 Net movement in funds.. £0 Total funds at 31 March 2025.. £0 The charity held no assets or liabilities at the year end. Reserves Policy: The Trustee5 approved a reserves policy which reflects the risks to the organization. As it is principally a fundraising charity to assist St Olave's Grammar School and a5 it is not anticipated to employ staff at this stage. trustees agreed the principles of the policy but have not defined a target level of reserves at this stage. Going Concern.. The Trustees consider the charity to be a going concern. Although there was no financial activity during the year, the charity remains established for its charitable purposes. Plans for Future Periods The Charity started trading in May 2025 and has generated Income since that time. Statement of Trustees, Responsibil itles The Trustees are responsible for preparing the Trustees, Annual Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In preparing these financial statements. the TSteeS are required to.. select suitable accounting policies and apply them consistently,. observe the methods and principles in the Charlties SORP (FRS 102); make judgments and estimates that are reasonable and prudent; State whether applicable accounting standards have been followed.. and prepare the rinancial statements on a going concern basis unle55 It is inappropriate to presume that the charity will contlnue in operation. The Trustees are responsible for keeping adequate accounting records and safeguarding the assets OF the charity and for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Financial Statements Statement of Financial Activities for the year ended 31" March 2025 2024-25 Income: £0 Expenditure: £0 Net movement In funds: £0 Total funds brought forward: £0 Total funds carrled forward: £0 Balance Sheet as at 31 March 2025 2025 Current Assets.. £0 Liabilities: £0 Net Assets: £0 Unrestricted Funds,. £0 Restrlcted Funds: £0 Total Funds: £0 Notes to the Finantial Statements l. Accounting Policies: The financial statements have been prepared in accordance with the Charities SORP (FRS 102) and applicable charity law. The charity had no financial transaetions during the year. 2. Trustee Remuneration and Expenses.. No Trustee received remuneration or expenses.
Approval Approved eTr stee aS[oLI2L Signed.. Name: Trustee