friends of salusbury school friÈndsofsalu5bu mail.com MAKE A DIFFERENCE Friends of Salusbury School Annual Report & Financial Statements Year Ending 31st August 2024 Charttv Number. 274754
CONTEp¥rs I Contents Pw Number I I Contents Annual Report of the Trustees 34 I Statement of Finanoal Artivities 5-6 1 l Balance Sheet & Chartty Funds l Note to the FlnancSal Statements 8-11 1 ! Independent Exane$ Report 12 1
THE FRIENDS OF SAiUS8URY SCHOOLANt4UAL REPORT FOR 21124 Thè irusrees OT trnends of >aiusDUry Scnooi presenttnwr annual reDOTt and hnanciai statemenrs Tor the year ended 31st August 2024. Ihe tinancial ststements comtyy wrth the (hantses Art 2011. the Lompan$ Act 2tkn. the Mernorandum and Articles ol Association. arkd Accounting and Reporting by Charities.. Statement of Ilecommended Practice appiicalsie to charrties preparing their accounts in accorylance wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffertNe l January 20151. Charhable Chrttomes Fhe aim ot the FIndS Is to thance the education ot chil(Iren In Salusbjry Pnmary School, In paClar developing effective relationships between the staff. parents and others assouated th the School engaging In aaiwties or provioinÈ taciithes ano equipment which support the Sch1 and advance the education of the pupils. nisation ¥he Fnends have six regular meetsn8s a year. includTrng the meeting to apprnve the Annual r<eport an Financial Statements. In addiiion. there is a forn)al annual meeting to elect the Friends officers. Every panE, guardian and carer wrth a child at 5aiusbury Pnmary School and every member ot stan ctsrrently employed by the School a member of the Friends. l and AdmlnSstrati¥e In10rno0Th The luii narne or the charity is the pnenits ot Salusbury School. The address ol the charity is Salusbury Road, London NW6 6RG. corresponden Should be sent to the Secretary at that address. The Friends, trustees during the yearwere: l Name MIC.111e Ginty Tom Griffiths l Relationship to Salu5bury Sthool I Positlon held ID FOSS Head teather Presidpp.t Parent I Parent Parent CoQiair I C1chair Greenspace C(x)r(linator Communications Alex McGarr Kir5ty Wittefs Anna Watson Parent Maya Stolarov Tanya Clark Andy Cobb Albert Puig Xena Parent Seuetary Event Management Event Management Treasurer Pafit Parent Parent All trustee5 give of their time freely and no remuneration or exper were paid in the year. TDJStees of the Friends are eletted annual by members at the Annual General Meeting. The tnhstees have ultimate SponsIbl11ty for directing the affairs of the Friends- ensuring that it is solvent, well-run. and deltvering the charitable outcomes of the Friends.
rhe Frlends of Salusbury School Is a chaTtty wlstered wlth ihe Charlty Commlsslon Icharlty re8lstratloft number 2747541. The independent examlner ol Its accr)unts IsTeuta 8ulica. The independent examiner15 a pant of a child in the School and o member of the Friends, but she is not a trustee and is considered by the Friends to q¥Jalify as an Independent examinerf. Her report Is on page 12.
THE FRIENDS OF SALUSBURY SCHOOL STATEMEKf OF FINANaALAcllviTIES FOR 12 Motrnls ENDED 31"AUGUST 2024 Review of 2024 A very Suc$$1UI yeartnat saw events ano wnoraigng ano oonaln5 Dringing In an Income OT tJy.ISSS. Grants and donations made for the benefrt of the school and its pupils amounted to £65.283. After oireu expenatture ana aamin costs tnere Is a oentll Tor Ine year or t2J,44¥. 1 ne reason ior Inis significant deficit 15 that the Friends had been raising rnoney to overhaul the School's ploy8round Iproiect viaygrounoi in prewous years. ano tnh5 year we nave carneo oui tne worKS ano useo some or the funds saved for this purpose. The works are now finished and Friends is expected to rnake a profit again next year. Most rnnas were raisea Inrtyjgn ine OrganonS th enJoyaDle events as winTer pair. Uu12 Nignt and Internatlgnal Evenin& as well as the Triathlon. This is in additson to general donations. planned giving through Gift Aid and the 5UPPOrt of local bJsine5se& I he pnenos contEnue to allratt attNe memDers. aooing to me strong sense or communiry wiinin tne school and the partnership between staff and parents. This partnership being dearty demonstrated in numDers oi pareni volunteers wno neip Ene xnooi in 5ucn a vanety or ways oy assisting In tne classroom. helping with events and school trips, through to brin&ng their specialist ski115 to support the School in specific tasks. Financial Review The details of income and expenditure a set Jt in the below Statement of Receipts and Payments. STATEMEKf OF FINANCIALAcllviTIES FOR 12 MoMfHS ENDED 3tstAUGUST 2024 Unrestrirted Fund5 2024 Restricted Funds 2024 2024 2023 Note Incoming Resources Incomini resources irom donors Income Trom otner acTNities for generating fvnd5 Intome Trorn Invesrments Tolal Incoming Resources iui 19.750 39035 47.035 Re50urce5 used Grants and donations Expenses directly relating to activities for generating funds Managemenr ana administration 51.116 51,116 49.373 4.433 8,860 13.293 12,615 874 874 817 59?76 65283 62.805 SUlusI1(5e1j Tor tne financial vear 14A43 -39091 -25,448 -15,770 Re5eThies Poll
I ne trnerTros poiKy Is not ro maintain reserves OrTun as irs ODiecTNe Is rnai currenr gMn8 ana OEner current income Should meet current expenditure. Due to the timing of projects 50me expenses cr055 over more than one academic year. Risk Mana ment Poll Ine pnenus nas consitserea tne maT nsKs wnicn In Opinion. tne knenrys nas esTaoiisneo systems which. under normal cor7ditions. should allow those risks to be mitigated to an acceptable level in its dayto day operation5. Re5 nsibilltie5 of the Officers- Flnandal Statemerts I ne cnariry trustees are pOnSI01e Tor preparing a UUSTees" annual reDort ana iinantiai statements In accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generallv Accepieo Accouniing vracticei. Lompany law require5 Ine Cnal Irustees 10 prepare Tinantiai ststernents for each year which 8ive a true and fair view of the State of affairs of the charitable company ana the group ano OT Tne Incomirkg resources ana appiicaTion OT resources. Inciuuing Ine income and expenditure, of the charitable group for that period. In preparin8 the financial statements, the trustees are required to= select suitable accounting policie5 and then app them c0nStstent. • observe the methods and principles in the Charities SORP: • make judgements and ertimates that arè rea50nabte and prudent: • state wneiner appiioDie accounting Stanoaros nave r)een Toiiowea. SUDJetito any maienai departures disclosed and explained in the financial statements- prepare ine nnanciai slemen[S on Tne going concern Dasis unless tt 15 Inappropria to presume Tnai the charitv will continue in busines5. Ine Trulleès are responsiDie Tof Keeping proper accoUnng recoros tnaT aisciose witn reasonaDie accuracy at any time the financial position of the charity and to enable them to ensure that thè financial staTemenTS comply w¢tn ine Lompanies ACÉ LLRif•. Iney are also responsiDie ror saTeguaraing Ine asse of the charity and the group and hen t3kn.ng reasonable steps for the prevention and detection of fraud and other ittegularitie5. This report was approved by the Friends on 2V0512025 and signed on its behalf by Albert Pui8 Xena.
THE FRIENDS OF SALUSBURY SCHO( LANCE SHEET as ol the 31st AUGUST2024 LU<4 4V£) Flxed a$5ets 3427 ueoreoaiion -4yJ Debtors Lasn at oanK ana In nana 4b.4U2 52383 65220 C¥wrY+. al :bS1¥-- 240 Net Current Assets 52.175 65.400 Current Liabilities Creditors 240 THE FRIENDS OF ShlUSBURY SCHOOLCHARIYY FUNDS as ofthe 31°AUGusf2024 Llnrestricted Funds Restricted Funds 2024 2023 Note Balances brought forward: 30245 64329 80,699 SU1Us for the year -39J91 -15,770 Balances forwavd 27.696 -5207 39.481 64.929
THE FRIENDS OF SALUSBURY SCHOOL NOTES TO THE ANANCIAL sfATEMENTS FOR 12 MONTHS ENDED 31" AUGUST 2024 Accounting Polici•s Funds The tsnrestricted Fund5 OT Ine Fnends a not subject to any restrictions regarding their use and are available for application to the general purposes of the Friend& This year, the Restricted Funds were available for application towardsthe ¢)utdoor education project"Greenspace- and impmement of the khool PlavEround. Com leteDe55 of Transactions The accounts include all transartions. assets and liabilities for which the Friends Is resDonsible in law. Incomi Resources Voluntary income ond copitolsour Donations arè recognised when rÈceNed by lor on behalf of) the Frlends. Planned Eiving receNable under gift aid 15 retognised only when received and the related Income Tax recoverable on gtft aid donattons is recc*nised when the tax i5 Covered. Grants and leRacies to the Friends are accounted for as soon as thev are received bv the Friend> Funds raised by tails and similar events are a(£ountÈd tor gross when received. Salès ot items are accounted for gross when receNed. Inme from investments Bank interest is accounted for when received. Tax recoverable on 5uth income is recoRni5ed when reIVed. Resour¢es Used Grants and donation5 are accounted for when paid.
- Incomlng fe50UTces and exponses 2023 Donations and planne(18ivin Income Tax recovereo 1.022 1.022 1.022 Ib) lrtcoming resour$ ITOM donors: restiiLted Flavgrouno Total incom} resources fn)m donor5." It) Income and empenses from other arti¥itle5 forgenerw funds: unre5trfrted Bake sale 146 Christmas carits 1417 Ceilidh -102 Ice lollv sale 203 International Evening 1,519 Quiz Night 3.162 Y6 fundraisinE 1.191 Silent Auction 9.302 2,417 2.820 218 2,265 3.727 1,191 2.922 545 746 565 12271 4A33 17A38 2.303 Id) Income and expenses fTom otherattlvltf0r generatlngfvnds: restric Summer Fair 11.840 11.324 7.392 753 6.596 4U5 1.750 694 3,251 Winter Fair 3,471 International Evening Bake Sale5 Triathlon Winter Run 5,781 941 7.535 Silent Auction 28945 20.085 29351 Total income 52.238 13.293 38.945 33.719
osources useo 2023 2022 2023 2024 Note rants ana oonauons 0M unre5Trictea nrnos Llassroom eaLtID & maiena )ports ano spons equipmeni Year b oiscoiparty Class workshopsltrios Iiub 4UJ 7E ?Iii¢biiThp 14lrtlA Ll2a O 41¥4$1 pre&ent 1.703 43?nts and don*ions from restritted fvnds Greensoace Playground 6.910 5.269 42.5tK) 42.401 49AIO 47.670 Totsl grants al donatlons 51.116 49.373 Acrivrties tor genefatsn8 Djnos: DlrÈrt exDenses 29J 12.615 M3naEement and administration.. lJanK crlaroes Office exDenses bl 756 874 817 Total resources used 65.283 62A05 1C
Expgn¥g¥ Incurred by Offlcgrs Dunn8 the year no otticers were feimbursed tor out ol [cket exDen5es incurred lor the work ot the Friends although these officer5 were reimbursed costs incurred in organising e¥ents or buying items for GreenspacelGroundworks projects. Reimbtsrsed afflount [£1 383 Albert Puie Xena Alexander Mcgarr Andv Cobb ic>iy 1[terS Tanva aar* 21 There were no other transadi between the Friendsand its rnem Flnancial Commitinents As a conoition oi the ndiNg arrangements oetween the 5cnooi and the London uorough Ot tsrent. tne Friends have made a commitment to the School to meet the costs of the development and running of tne out(Joor education area. rareenspace. The Fnends are conhdent that Obligatn$ un¢Jer thL5 arrangement c3n continue to be met with the proceeds from fundraising activities and surplu5 from previous years. The Friends have also commrtted to prrxeedstrom most tundraIn@ actmts'es this year to tund Project Playground. The rest of the restrr 11 be used to 51UJlJOrtthe Sch and its cofflrnunitv as mandated bv the Friènds constitution. 11
INDEPENDEKT EXAMINERS. REPORT TO THE TRU5fEES OF THE FRIENDS OF SALUSBURY I reDOrt on the accounts of the Trust for the 12 months ended 31" Auqust 2024. which arè *t out on Itespecti¥È respon0111es oyirusrees aThi examiner The Charl.S trustees are resoonsible forthe DreDafation of the accounts in accordance wrth the Chanties Att 20111-the Acri. The charitrfs trustees consider that an audit is not reouired for this vear under section 144 of the Act and that an indeoendent examination is needed. It is mv responsibilitv to= examine the accounts under section 145 of the CharitiesAct 2011. to follow the aoolicable Direttions Riven bvthe chari Commission lunder section 1451511bl of the Acl. and to state whether Darti£ular matter5 have come to mv attentlon Basis of IndeDendent examinerf5 reDOrt Mv examination was carried out in accordance wtth oeneral 04rertions Riven bv the Charit¥ Commi55ion. An examination includes a rewew of the accountinR records keDt bv the charitv and omDarison ol the accounts oresented wtth those records. It also indudes consideration ot ènv unusual items or disc105UFes in the accounts and seeking explanations from the trustees concerning anv Such matters. The procedu5 undertaken do not Drwde all the edence that would be retsutred in an audit. and conseauentlv no OnIOn is ¢ibEn asto whetlwthe accounts Dresent a'tnjè and fairf View and the reoort is limited to those matters set out in the st3tement below. IndeDendent examinerfs ststement In ¢(nectIOn with mv examination. no material matters have come to mv attention which me cause to believe that in. anv material resoect: the accountinq records were not keot in cOrdan with sectK)n 130 of the Charities Art: or the actounts did not accord with the accountine records.. or the accounts did not comr)Iv with the aDDlicable reauirements concernine the torm and content ot accounts set out in the Charities IAccounts and ReoortsS Reeulations 21J)8 other than anv reauirement that the accounts give a'true and fairf view which is rt a matter considered as Dart of an independent examinaiion. I have no concerns and have come across no other matters in connectTron wrth the examination to which attention should be drawn in thi5 report in order to enable a proper LFnderstanding of the accounts ta bè reached. Teuta Bulica BA 1610612025 12