REGISTERED CHARITY NUMBER: 294125
St Clements and St James School Trust
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31st March 2025
St Clements and St James School Trust
Contents of the Financial Statements for the Year Ended 31st March 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Statement of Financial Position | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
St Clements and St James School Trust
Report of the Trustees for the Year Ended 31st March 2025
The trustees present their report with the financial statements of the charity for the year ended 31st March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Objectives and activities
The charitable objects are the promotion of education (including social and physical training) of children attending as pupils at St Clements's and St James' Church of England School, who are in need of financial assistance.
Achievements and performance
Breakfast club
The trust continued its support the breakfast club, providing free bagels every morning allowing children who had not eaten at home to start the day with a meal. This small but impactful initiative has helped children start their day nourished, which has contributed to improved concentration and punctuality.
School and theatre trips
The trust has been committed to ensuring that the pupils have access to free or subsidized, enriching experiences outside of the classroom. Thanks to the generosity of donors, the charity has been able to provide a school wide trip to see a Christmas pantomime performance. For many pupils this is a first -time experience and not only brings joy and excitement but also support the school's high ambitions to expand the children's cultural horizon and appreciation of the arts.
Additionally, the trust has ensured that all the children of Year 5 and 6 are able to take part in the end of year four-day countryside residential trip. Apart from having a fun play time and healthy outdoor exercise the trip provides the children with rich opportunities to develop new skills, build their confidence and experience independence away from home. The trip is a valuable part of the school's mission to foster well-rounded individuals who are confident in themselves and their abilities.
Financial review
Reserves policy
The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets (the free reserves) held by the charity should be between three and six months of the unrestricted resources expended.
Income for the year totalled £26,490 and expenditure £39,352 The net surplus on unrestricted funds for the year was £34,261. There was a surplus on permanent endowment funds of £4,666. At 31 March the charity had free funds not tied up in fixed assets of £63,542 and permanent endowment funds carried forward of £134,246
Structure, governance and management
St Clement and St James School whose pupils the charity supports is part of LifeFull School Federation.
The trust has stipulated that a minimum of 3 federation governors, alongside the Executive Head of the School should serve as its trustees.
The St Clements and St James School Trust is governed by its constitution and registered with the Charity Commission on 23 September 1985.
Reference and administrative details Registered Charity number
294125
Principal address
St Clements & St James CE Primary School Penzance Place London W11 4PG
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St Clements and St James School Trust
Report of the Trustees for the Year Ended 31st March 2025
Trustees
Miss C A S O'Brian Hon Mrs R Sacher Ms S L Bouette Ms. G M Welford
Independent Examiner
Nigel Wilson & Co 4th Floor 100 Fenchurch Street London EC3M 5JD
Statement of trustees' responsibilities
The trustees are required to prepare financial statements that give a true and fair view of the state of the affairs of the charity as at the balance sheet date, and to record its incoming resources and the application of resources, including income and expenditure, for the financial year. In preparing those financial statements, Trustees should follow best practice and:
Select suitable accounting policies and apply them consistently.
Make sound judgements and estimates that are reasonable and prudent; and
Prepare the financial statements on a going concern basis unless it is inappropriate to assume that the charity will continue on that basis.
The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enables them to ensure that the financial statements comply with the Charities Act 1993. The trustees 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 order of the board of trustees on ............................................. and signed on its behalf by:
................................................................... Ms. G M Welford - Trustee
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Independent Examiner's Report to the Trustees of St Clements and St James School Trust
Independent examiner's report to the trustees of St Clements and St James School Trust
I report to the charity trustees on my examination of the accounts of St Clements and St James School Trust (the Trust) for the year ended 31st March 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all 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 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:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of 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 be drawn in this report in order to enable a proper understanding of the accounts to be reached.
David Hatchard BA FCA
Nigel Wilson & Co 4th Floor 100 Fenchurch Street London EC3M 5JD
Date: .............................................
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St Clements and St James School Trust
Statement of Financial Activities for the Year Ended 31st March 2025
| 2025 Unrestricted Restricted Endowment Total fund fund fund funds Notes £ £ £ £ Income and endowments from Donations and legacies 14,772 7,251 - 22,023 Other income 4,467 - - 4,467 Total 19,239 7,251 - 26,490 Expenditure on Charitable activities Other resources expended - - - - Other 36,017 3,335 - 39,352 Total 36,017 3,335 - 39,352 Net gains/(losses) on investments - - 4,666 4,666 NET INCOME/(EXPENDITURE) (16,778) 3,916 4,666 (8,196) Reconciliation of funds Total funds brought forward 51,039 25,365 129,580 205,984 Total funds carried forward 34,261 29,281 134,246 197,788 |
2024 Total funds £ 53,830 21,452 75,282 96 63,432 63,528 (2,507) 9,247 196,737 205,984 |
|---|---|
The notes form part of these financial statements
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St Clements and St James School Trust
Statement of Financial Position 31st March 2025
| Unrestricted Restricted Endowment fund fund fund Notes £ £ £ Current assets Investments 4 - - 132,775 Cash in hand 43,070 29,281 1,471 43,070 29,281 134,246 Creditors Amounts falling due within one year 5 (8,809) - - Net current assets 34,261 29,281 134,246 Total assets less current liabilities 34,261 29,281 134,246 NET ASSETS 34,261 29,281 134,246 Funds 6 Unrestricted funds Restricted funds Endowment funds Total funds |
2025 Total funds £ 132,775 73,822 206,597 (8,809) 197,788 197,788 197,788 34,261 29,281 134,246 197,788 |
2024 Total funds £ 128,109 85,218 213,327 (7,343) 205,984 205,984 205,984 51,039 25,365 129,580 |
|---|---|---|
| 205,984 |
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Ms. G M Welford - Trustee
The notes form part of these financial statements
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St Clements and St James School Trust
Notes to the Financial Statements for the Year Ended 31st March 2025
1. Accounting policies
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. Trustees' remuneration and benefits
There were no trustees' remuneration or other benefits for the year ended 31st March 2025 nor for the year ended 31st March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st March 2025 nor for the year ended 31st March 2024.
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St Clements and St James School Trust
Notes to the Financial Statements - continued for the Year Ended 31st March 2025
| 3. Comparatives for the statement of financial activities Unrestricted fund £ Income and endowments from Donations and legacies 40,565 Other income 12,452 Total 53,017 Expenditure on Charitable activities Other resources expended 96 Other 52,182 Total 52,278 Net gains/(losses) on investments - NET INCOME/(EXPENDITURE) 739 Reconciliation of funds Total funds brought forward 49,300 Total funds carried forward 50,039 4. Current asset investments Listed investments 5. Creditors: amounts falling due within one year Other creditors |
Restricted Endowment Total fund fund funds £ £ £ 13,265 - 53,830 9,000 - 21,452 22,265 - 75,282 - - 96 11,250 - 63,432 11,250 - 63,528 - (2,507) (2,507) 11,015 (2,507) 9,247 15,350 132,087 196,737 26,365 129,580 205,984 2025 2024 £ £ 132,775 128,109 2025 2024 £ £ 8,809 7,343 |
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St Clements and St James School Trust
Notes to the Financial Statements - continued for the Year Ended 31st March 2025
6. Movement in funds
| At 1/4/24 £ Unrestricted funds General fund 51,039 Restricted funds RESTRICTED FUNDS 25,365 Endowment funds PERMANENT ENDOWMENT 129,580 TOTAL FUNDS 205,984 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 19,239 (36,017) Restricted funds RESTRICTED FUNDS 7,251 (3,335) Endowment funds PERMANENT ENDOWMENT - - TOTAL FUNDS 26,490 (39,352) Comparatives for movement in funds At 1/4/23 £ Unrestricted funds General fund 49,300 Restricted funds RESTRICTED FUNDS 15,350 Endowment funds PERMANENT ENDOWMENT 132,087 TOTAL FUNDS 196,737 |
Net movement At in funds 31/3/25 £ £ (16,778) 34,261 3,916 29,281 4,666 134,246 (8,196) 197,788 Gains and Movement losses in funds £ £ - (16,778) - 3,916 4,666 4,666 4,666 (8,196) Net movement At in funds 31/3/24 £ £ 1,739 51,039 10,015 25,365 (2,507) 129,580 9,247 205,984 |
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St Clements and St James School Trust
Notes to the Financial Statements - continued for the Year Ended 31st March 2025
6. Movement in funds - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Incoming | Resources Gains and |
Movement | |
|---|---|---|---|---|
| resources | expended losses |
in funds | ||
| £ | £ £ |
£ | ||
| Unrestricted funds | ||||
| General fund | 53,017 | (51,278) - |
1,739 | |
| Restricted funds | ||||
| RESTRICTED FUNDS | 22,265 | (12,250) - |
10,015 | |
| Endowment funds | ||||
| PERMANENT ENDOWMENT | - | - (2,507) |
(2,507) | |
| TOTAL FUNDS | 75,282 | (63,528) (2,507) |
9,247 | |
| A current year 12 months and prior year 12 months combined | position is as follows: | |||
| Net | ||||
| movement | At | |||
| At 1/4/23 in funds |
31/3/25 | |||
| £ £ |
£ | |||
| Unrestricted funds | ||||
| General fund | 49,300 (15,039) |
34,261 | ||
| Restricted funds | ||||
| RESTRICTED FUNDS | 15,350 13,931 |
29,281 | ||
| Endowment funds | ||||
| PERMANENT ENDOWMENT | 132,087 2,159 |
134,246 | ||
| TOTAL FUNDS | 196,737 1,051 |
197,788 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 72,256 | (87,295) | - | (15,039) |
| Restricted funds | ||||
| RESTRICTED FUNDS | 29,516 | (15,585) | - | 13,931 |
| Endowment funds | ||||
| PERMANENT ENDOWMENT | - | - | 2,159 | 2,159 |
| TOTAL FUNDS | 101,772 | (102,880) | 2,159 | 1,051 |
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St Clements and St James School Trust
Notes to the Financial Statements - continued for the Year Ended 31st March 2025
7. Related party disclosures
There were no related party transactions for the year ended 31st March 2025.
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