**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:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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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