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 Exa￿￿ne￿$ 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 FI￿ndS Is to thance the education ot chil(Iren In Salusbjry Pnmary School, In pa￿C￿lar developing effective relationships between the staff. parents and others assouated ￿th the School engaging In aaiwties or provioinÈ taciithes ano equipment which support the Sch￿1 and advance the education of the pupils. nisation ¥he Fnends have six regular meetsn8s a year. includTrng the meeting to apprnve the Annual r Funds raised by tails and similar events are a(£ountÈd tor gross when received. Salès ot items are accounted for gross when receNed. In￿me from investments Bank interest is accounted for when received. Tax recoverable on 5uth income is recoRni5ed when re￿IVed. Resour¢es Used Grants and donation5 are accounted for when paid. 2. 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 otherattlvlt￿f0r generatlngfvnds: restric Summer Fair 11.840 11.324 7.392 7￿53 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 14lr*tlA Ll2a O ￿41¥4$1￿ pre&ent 1.703 43*?nts and don*ions from restritted fvnds Greensoace Playground 6.910 5.269 42.5tK) 42.401 49AIO 47.670 Totsl grants al￿ donatlons 51.116 49.373 Acrivrties tor genefatsn8 Djnos: DlrÈrt exDenses 29J 12.615 M3naEement and administration.. lJanK crlaroes Office exDenses bl 756 874 817 Total resources used 65.283 62A05 1C Expgn¥g¥ Incurred by Offlcgrs Dunn8 the year no otticers were feimbursed tor out ol [￿cket exDen5es incurred lor the work ot the Friends although these officer5 were reimbursed costs incurred in organising e¥ents or buying items for GreenspacelGroundworks projects. Reimbtsrsed afflount [£1 383 Albert Puie Xena Alexander Mcgarr Andv Cobb ic>iy ￿1[terS Tanva aar* 21 There were no other transadi￿ between the Friendsand its rnem Flnancial Commitinents As a conoition oi the ￿ndiNg arrangements oetween the 5cnooi and the London uorough Ot tsrent. tne Friends have made a commitment to the School to meet the costs of the development and running of tne out(Joor education area. rareenspace. The Fnends are conhdent that Obligat￿n$ 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 tundraI￿n@ 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 respon￿011￿1es 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 procedu￿5 undertaken do not Drwde all the e￿dence that would be retsutred in an audit. and conseauentlv no O￿nIOn 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 r￿t 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