BOURNEMOUTH SCHOOL FUND Registered Charity Number.. 291760 Report and Financial Statements For the year ended 31 August 2025
BOURNEMOUTH SCHOOL FUND Contents Page Legal and Administrative Details Report of the Trustees Indepenéent Examiner's Report statement of Financial Activities Balance Sheet Notes to the Financial Statements 8-11
BOURNEMOUTH SCHOOL FUND Legal and Administrative Details Legal Status The Bournemouth School Fund was founded on 4 October 1984 as a charitable trust and is registered with the Charity Commission under registration number 291760. The operations of the charity are govemed by the original reGord of minutes dated 4 October 1984 and the minutes ofa meeting dated 31 August 1997. Charity Registration Number: 291760 Trustees The current trustees are as follows.. Dr D P Lewis Mrs J A Wheatley Registered Office and Operational Address BournemoLrth School East Way Bournemouth Dorset BH8 9PY Head of Finance and Administration Mrs K Newton Bankers Lloyds Bank PIC 4547 Old Christchurch Road Boumemouth Dorset BH1 1ED Independent Examiner Esme Shakeshafi (FCCA) Moore (South) LLP 33 The Clarendon Centre Dairy Meadow Lane Salisbury Wiltshire SP12TJ Page 1
BOURNEMOUTH SCHOOL FUND Report of the Trustees The trustees present their annual report together with the independently examined financial statemenls of the charity for the year ended 31 August 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, the Charities Act 2011, the Charities.. Statement of Recommended Practice {SORP) {FRS102) 2019 applicable to charities, preparing the accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019. Objectives and Activities The objectives of the Bournemouth School Fund are set out in the original record of minutes dated 4 October 1984 and the minLrtes of a meeting dated 31 August 1997. The fund exists for advancing the education of pupils by providing and assisting in the provision of facilities for the education of pupils at the school. The trustees have considered the Charity Commission's general guidan on public benefrt when reviewing the objective and activities and in planning future activities. Structure, Govèrnance and Management Bournemouth School Fund is registered with the charity commission and constituted by deed of trust. The charity is administered by the two trustees.. Dr D P Lewis and Mrs J A Wheatley. Strategic Report Achievements and Perfomiance The charity's trustees can report that the fund was fully operational throughout the year under review. All of the fund's activities focus on the advancement of education and are undertaken to further the fund's charitable purposes for the public benefit. During the year ended 31 August 2025 donations of £2,589 were made to Bournemouth School. These donations included.. PE high jump Maths challenges Music £1,483 £225 £187 Financial Review The results for the y8ar are set out on page 5. The charity's main income is £47,374 from donations and £55,918 income for the ski trip. The charity's main expenditure is £2,589 of donations to Bournemouth School to enhance the provision of education at the school and £55,407 for the ski trip. Other donations of £3,190 were also made during the year. There was a net income for the year of £35,364. Donations being received were lower than in the previous year and fewer donations were made out to Boumemouth School to fund other educational expenditure. The trustees are satisfied that all the assets are freely available to be used for the charity's activities and are adequate to fulfil the chartty's obligations. Pagè 2
BOURNEMOUTH SCHOOL FUND Report of the Trustees (continued) Reserves Policy The trustees consider that signrficant cash resources are not ne$sary to meet the on-going expenditure of the fund. However, the trustees are actively seeking further projects in line with the fund's objectives which will be financed out of existing funds. Risk Management The trustees have undertaken a review of risks which may have an effect on the fund and it5 activities. The trustees are satisfied that no significant risks exist in this respect. Plans for Future Periods The charity's trustees continue to consider ways to use the charity's resources for advancing the education of pupils. Responsibilities of the Trustees The trustees are responsible for preparing the Trustees, annual report and financial statements in accordan with applicable law and United Kingdom Accounting Standards (United Kingdorn Generally AGcepted Accounting Practice) and applicable laws and regulations. The law applicable to Charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistenlly-, observe the methods and principles in the Charities SORP 2019 (FRS 102}', make judgments and aGGounting estimates that are reasonable and prudent- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records which disdose wrth 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, Charities {Accounts and Reports) Regulations 2008, and the provisions of the constitulion. 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. Approved by the trustees and signed on behalf of the trustees by Dr D P Lewis Chair of Trustees Date.. 9 December 2025 Page 3
BOURNEMOUTH SCHOOL FUND Independent Examiner's Report to the Trustees of Bournemouth School Fund I report on the accounts of Bournemouth School Fund (the Chariiy) for the year ended 31 August 2025, which are set out on pages 5 10 11. Responsibilities and Basis of Report As the charity's trustees you are responsible for the preparation of the accounts in accordan with the requirements of the Charities Act 2011 (Yhe Act'}. I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under sertion 145(5)(bl of the Act. Independent Examiner's Statement I have completed my examination. I confim that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. 11 accounting records were not kept in respect of the charity as required by section 130 of the Act,. or 21 the accounts do not accord with those records., or 3} the accounts do not comply with the applicable requirements GonrnIng the form and content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts 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 drawn in this report in order to enable a proper understanding of the accounts to be reached. Esme Shakeshaft IFCCA) Moore (South) LLP Date Chartered Atrxountants 33 The Clarendon Centre, Dairy Meadow Lane, Salisbury, Wiltshire, SP12TJ Page 4
BOURNEMOUTH SCHOOL FUND Statement of Financial Activities (including Income and Expenditure Account) for the Year ended 31 August 2025 Restricted Funds 2025 Unrestricted Funds 2025 Total Funds Total Funds Notes 2025 2024 Income Donations and Legacies School Events and Activities Other Charitable Activities Investments Other Income 2,767 44,607 55,918 47,374 55,918 49,846 40 1,479 16 16 16 Total Income 2,767 100,546 103,313 51,390 Expenditure Charilable Activities Other Costs 1,483 64,529 1,937 66,012 1,937 62,349 1,781 Total Expenditure Net Incomel(Expenditure} 1,284 34,080 35,364 (12,740) Funds as at 1 September 2024 265 120,212 120,477 133,217 Funds as at 31 August 2025 1,549 154,292 155,841 120,477 There was no income or expenditure in either ofthe above years other than those shown in the statement above. All income and expenditure derive from continuing activities. The notes on pages 8 to 11 form an integral part of these financial statements. Page 5
BOURNEMOUTH SCHOOL FUND Statement of Financial Activities (including Income and Expenditure Account) for the Year ended 31 August 2025 Comparative year information for the year ended 31 August 2024 Restricted Funds 2024 Unrestricted Funds 2024 Total Funds Total Funds Notes 2024 2023 Income Donations and Legacies School Events and Activities Other Charitable Activities Investments Other Income 50 49,796 40 49.846 40 56,174 434 1,479 16 1,479 16 1,295 19 23 Total Income 50 51,390 57,945 Expenditure Charitable Activities Other Costs 62.349 1,781 62,349 1,781 100,895 895 Total Expenditure 64,130 101790 Net (Expenditur8}Ilncome 50 (12,790) 112,740) (43,845) Funds as at 1 September 2023 215 133,002 133,217 177,062 Funds as at 31 August 2024 265 120,212 120,477 133,217 Page 6
BOURNEMOUTH SCHOOL FUND Balance Sheet as at 31 August 2025 Notes 2025 2024 Current Assets Debtors and Prepayments Cash at Bank and In Hand 17,275 187,613 18,658 157,577 204,888 176,235 Creditors: Amounts falling due within one year 49,047 55,758 Net Current Assets 49,047 55,758 Represented by Restricted funds Unrestricted funds 1,549 154,292 265 120,212 Total Funds 155,841 120,477 Approved by the trustees and signed on their behalf by- Dr D P Lewis Chair of Trustees Dale.. 9 December 2025 The notes on pages 8 to 11 form an integral part of these financial statements Page 7
BOURNEMOUTH SCHOOL FUND Notes to the Financial Statements for the Year Ended 31 August 2025 1. Statemont of Accounting Policies A summary of the principal accounting policies adopted (which have been applied consistently, except where noted>, judgements and key sources of estimation uncertainty. is set out below. The charity is unincorporated and the address of the principle office is given on Page 1 of these financial statements. The nature of the charity's operations and principle activities are explained in the Trustees Report. Basls of Preparatlon The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordanGe wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102), Charities SORP 2019 {FRS 102) issued in October 2019, and the Charities AGI 2011. Bournemouth School Fund meets the definition of a public benefit entity under FRS102. The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are prepared in sterling, which is the functional currency of the charity, and are rounded to the nearest £1. Going concern The Trustees, have concluded that the charty has adequate resources to continue into the foreseeable future. thus they continue to adopt the going concern basis of accounting in preparing the financial statements. Incom8 All incoming reSoUrS are included in the Statement of Financial Aclivities (SOFA) when the charity in legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. Expenditure Expenditure in respect of charitable activities is calculated to include all the expenses incurred directly in providing school aclivities. Expenditure in respect of other costs encompasses those expenses which are not directly for the purposes of charitable activities. Expenditure is recognised as soon as there is a legal or Gonstruclive obligation commttting the charity to that expenditure, il is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. Taxation As a registered charity Bournemouth School Fund is exempt from taxation of income and gains within schedule 3 ofthe Charities Act 2022 and paragraph 1 Schedule 6 ofthe Finance Act 2010 to the extent that these are applied to its charitable objectives. No lax harge has arisen in the year. Page 8
BOURNEMOUTH SCHOOL FUND Notes to the Financial Statements for the Year Ended 31 August 2025 Irrecoverable VAT Irrecoverable VAT is charged against the expenditure heading for which is was incurred. Debtors Debtors are recorded at the settlement amounts. Prepayments are valued as the amounts prepaid at the balance sheet date. Cash at bank and in hand Cash at bank and in hand includes cash and short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Creditors Creditors payable within one year are recorded at transaction price. Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial inslruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Fund accounting Restricted funds are to be used for specific purposes as detemiined by the donors. Expenditure which meets this Griteria is Gharged to the fund as incurred. Unrestricted funds are availablé to use at the discretion of the Trustees in the furtherance of the objectives of the Charity. Judgements and key sources of estimation uncertainty In the application of the charitable company's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. The Trustees believe there are no such significant items. Page 9
BOURNEMOUTH SCHOOL FUND Notes to the Financial Statements for the Year Ended 31 August 2025 2. Charitable Activitiès Restricted 2025 Unrestricted 2025 Total 2025 Total 2024 School Events and Activities Speech Day Costs Sports Activities Donations Sixth Fomi Yearbook Prefect BadgesleS 55,786 3,787 660 4,296 55,786 3,787 660 5,779 20 4,293 678 55,879 1,479 1,483 1,483 62.349 3. Other Costs 2025 2024 Independent Examiner's Fees Bank Charges 918 1,019 876 905 1,781 4. Debtors and Prepayments 2025 2024 Income Tax Recoverable Prepayments 7,425 9,850 8,279 10.379 17,275 18.858 All debtors are due within one year 5. Creditors: Amounts falling due within one year 2025 2024 Trade Creditors Accruals Deferred Income 71 77 48,976 55,681 49,047 55,758 Deferred income as at 31 $1 August 2025 relates to the ski trip and music fund. 6. Trustses None of the trustees received any remuneration or re-imbursement of expenses during the year under review nor during the previous year. Page 10
BOURNEMOUTH SCHOOL FUND Notes to the Financial Statements for the Year Ended 31 August 2025 7. Restricted Funds Balance at 1 September 2024 Balance at 31 August 2025 Income Expenditure Musical Instrument Purchase PE Equipment Purchase Legacy 265 235 1,530 1.002 500 47 1,002 (1,483) Total restricted funds 265 2,767 1,483 1,549 Comparative information Balan at 1 September 2023 Balance at 31 August 2024 Income Expenditure Musical Instrument Purchase 215 50 265 Total restriGted funds 215 50 265 8. Analysis of net assets by funds Unrestricted Restricted 2025 Current assets Creditors 203,340 149,047) 154,293 1,549 204,889 (49,047) Total net assets 1,549 155,842 Comparative informalion Unrestricted Restricted 2024 Current assets Credilors 175,970 (55,7581 120,212 265 176,235 (55,7581 120.477 Total net assets 265 9. Related Party Transactions Donations of £2,589 were made to Boumemouth School during the year (2024.. £50,000). Page11