VrbJJkgun*urvTrarwoCbc Ref. 8PXFPHv-X8Sx 13 Jun 2023 1307..8sT (Lrrc +110 111 P 1116 Charity number: 296155 THE JOHN HAMPDEN GRAMMAR SCHOOL FUND UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
VrbJJkgun*urvTrarwoCbc Ref. 8PXFPHv-X8Sx 13 Jun 2023 1307..8sT (Lrrc +110 111 P 2116 THE JOHN HAMPDEN GRAMMAR SCHOOL FUND CONTENTS Page Reference and administralive details of the charity. its Trustees and advisers Trustees. report Independent exarninerfs report Statement of financtal activities Balance sheet Notes to th8 financial statements 8-14
VrbJJkgun*urvTrarwoCbc Ref. 8PXFPHv-X8Sx 13 Jun 2023 1307..8sT (Lrrc +110 111 P 3116 THE JOHN HAMPDEN GRAMMAR SCHOOL FUND REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2022 Trustees T Hartley, Chair P Maskell P Phippen N Hathaway Charity registered number 296155 Principal office John Hampden Grammar School Marlow Hill High Wycombe HP11 1SZ Accounthnts James Cowper Kreston Audit Chartered Accountants Reading Bridge House George Street Reading Berkshire RG1 8LS Bankers Lloyds Bank PIC High Wycombe HP112HL Page 1
VrbJJkgun*urvTrarwoCbc Ref. 8PXFPHv-X8Sx 13 Jun 2023 1307..8sT (Lrrc +110 111 P 4116 THE JOHN HAMPDEN GRAMMAR SCHOOL FUND TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2022 The Trustees are pleased to present their report together Mqth the financial statements of the charity for the year ended 31 August 2022. The followng served as Trustees during the year: Miss Tracey Haruey (Chairl Mr Neil Hathaway Mr Philip Maskell Mr Peter Phippen Objectives and Activities The objectives of the Charity are to advance the education of the pupils of John Hampden Grammar School {JHGSI by raising money from parents, guardians and former pupils, and promding or assisting in the provision of educational and related faulities, in augmentation Df such facilities financed by annual govemment fvnding. The chaiity undertakes various fundraising activities wthin the schcol community. All activities are planned in conjunction with the management of the school as a whole and in this regard the Trustees have considered the Charity Commission's guidance on Public Benefit. Achievernents and Performance Donations from parents to the general fund and the fund designated for refurbishment of the saence laboratories totalled almost £63,000. The Fund has continued to support the schc4Jl by donating £18,000 to suppjrt the counselling serwce. Financial Rèviaw Restricted income includes donations received for the upgrade of science laboratories, which together Mqth Gff( Aid totalled £1,703. General donations and associated Gift M"d contributed £61,267. Direct Charitable Expenditure of £18,915 indudes the donations lo JHGS of £18,000 as noted above and extemal Professional and administrative fees of £915. Structuro. Governance and Managomont The Charity was constituted by a Declaration of Trust on 20 May 1986 and was registered as a charity under number 296155 on 24 February 1987. The Constitution was revised and was adopted by the Trustees on 4 March 2016. Under the constitution, the Trustees are the Headteacher of John Hampden Grammar Schod. the Chair of the Goveming Body, a Parent Govemor, and a Staff representative from the School. The Chair of the Board of Trustees is the Headleacher. Page 2
VkiuaBunatLnTrarffjxlvM Ref. 8PKFpHv-X8Sx 13 Jun 2023 l3..07..88T(lrrC +1) 0 111 P $116 THE JOHN HAMPDEN GRAMMAR SCHOOL FUND TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2022 Ros8rves The reserves policy has been detemiined in accordance wth the perceived future needs of the school to help balance annual variations in Government revenue funding that arise from fluctuations in pupil numbers, and to enhance the funding of capital projects. It is hoped that the level of reserves will increase during 202212023 followng a fundraising initiative. At 31 August 2022, reserve5 were £73.852 12021.. £29,790), comprising general funds of £69,023 {2021.. £26.664} and restricted funds of £4,82912021.. £3.126I. Approved by order of the members of the board of Trustees and signed on their behalf by.. T Hartley Chair of Trustee5 Date: 13 Jure 2023 Page 3
VrbJJkgun*urvTrarwoCbc Ref. 8PXFPHv-X8Sx 13 Jun 2023 1307..8sT (Lrrc +110 111 P e116 THE JOHN HAMPDEN GRAMMAR SCHOOL FUND INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2022 Independent Exarninerfs Report to the TTUStees of The John Harnpden Grarnrnar School Fund {'the charity'l I report to the charty Trustees on my examination of the accounts of the charrty for the year ended 31 August 2022. Responsibilities and Basis of Report As the Trustees of the charity you are responsible for the preparab.on of the accounts in accordance with the requirements of the Charits"es Act 2011 {'the 2011 Act'l. I report in respect of my examination of the charivs accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 14515)Ib) of the 2011 Act. Independent Examinevs Statsmant Your attention is drawn to the fact that the charity ha5 prepared the accounts in accordance wth Accounting and Reporting by Charitie5'. Statement of Recommended Practice applicable lo chartlie5 preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference lo the Accounting and Reporting by Chanties= Statement of Recommended Practice issued on 1 April 2005 which is refetred to in the exlanl regulations bul has been withdrawn. l understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practi effectsve for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attention in connection wrth the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the charty as required by section 130 of the 2011 Act,. or the accounts do not accord wth those records; or the accounts do not compty wth the applicable requirements conceming the form and content of accounts sel out in the charib.es (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fair. wew which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination to knthich attention $IUld be drawn in this report in order to enable a proper understanding of the accounts to be reached. Page 4
VrbJJkgun*urvTrarwoCbc Ref. 8PXFPHv-X8Sx 13 Jun 2023 1307..8sT (Lrrc +110 111 P 7116 THE JOHN HAMPDEN GRAMMAR SCHOOL FUND INDEPENDENT EXAMINER'S REPORT {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 This report is made solety to the charitys Trustees. as a body. in accordan wtth Part 4 of the Charities {Accounts and Reports) Regulations 2008. My work has been undertaken so that I might stale to the charitys Trustees those matters l am required to state to them in an Independent examinerfs report and for no other purpose. To the fullest extent pemiitted by law, I do not accept or assume responsibility to anyone other than the charity and the charitys Trustees as a body, for my work or for this report. Signed: Dated: 27 June 2023 Darren O'connor Bsc IHonsl FCCA ACA James Cowper Kroston Audit Chartered AcCntants Reading Bridge House George Street Reading Berkshire RG18LS Page 5
VrbJJkgun*urvTrarwoCbc Ref. 8PXFPHv-X8Sx 13 Jun 2023 1307..8sT (Lrrc +110 111 p e116 THE JOHN HAMPDEN GRAMMAR SCHOOL FUND STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022 Unrestricted funds 2022 Restricted funds 2022 Total funds 2022 Total funds 2021 Note Income from: Donations and legacies Investments 61.267 1.703 62,970 73.976 Total income 61,274 1,703 62,977 73,982 Expenditur8 on: Charitable activities 18.915 18,915 78.925 Total expenditure 18,915 18,915 78,925 Not movement in funds 42.359 1.703 44,062 (4,943) Reconciliation of funds: Total funds brought forward Net movement in funds 26,664 42.359 3,126 1.703 29,790 44,062 34,733 14,943) Total funds carried forward 69,023 4,829 73,852 29,790 The Statement of Financial Activities indudes all gains and losses recognised in the year. The notes on pages 8 to 14 fonn part of these financial statements. Page 6
VkiuaBunatLnTrarffjxlvM Ref. 8PKFpHv-X8Sx 13 Jun 2023 l3..07..88T(lrrC +1) 0 111 P 9116 THE JOHN HAMPDEN GRAMMAR SCHOOL FUND BALANCE SHEET AS AT 31 AUGUST 2022 2022 2021 Note Current assets Debtors 12,340 63,302 12,850 17.816 Cash at bank and in hand 75,642 30.666 Creditors.. amounts falling due wthin one year 11,7901 18761 Not current assets 73.852 29,790 Total net assats 73.852 29,790 Charity funds Restricted funds unrestn.cted funds 4.829 69,023 3,126 26,664 Total funds 73,852 29,790 The financtal statements were approved and authorised for issue by the Trustees and signed on their behalf by.. T Hartley Chair of Trustees Dale- 13 June 2023 The notes on pages 8 to 14 fomi part of these financial statements. Page 7
VrbJJkgun*urvTrarwoCbc Ref. 8PXFPHv-X8Sx 13 Jun 2023 1307..8sT (Lrrc +110 111 P 10116 THE JOHN HAMPDEN GRAMMAR SCHOOL FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 Accounting policies 1.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP {FRS 1021 Accounting and Rewrting by Charities-. Statement of RernMended Practi applicable lo charities preparing their accounts in accordallce with the Financial Reporting Staridard applicable in the UK and Republic of Ireland (FRS 1021 leffeclive 1 January 2019}. the Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. The John Hampden Grammar School Fund meet5 the definition of a public benefit entity under FRS 102. 1.2 Income All income is recognised once the charity has entiuement to Ihe income, it is probable that the income will be received and the amount of income receivable can be measured reliably. 1.3 Expenditure Expendire is recognised once there is a legal or constructive obligation to Iransfer economic benefft to a third party. it is probable that a transfer of economic beneffts will be required in setdement and the amount of the obligation can be measured reliably. Expenditure 15 classified by activity. The costs of each activity are made up of the total of direct costs and shared cost5, including support costs involved in undertaking each actIVty_ Direct costs attribLrtable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are nol attn"butable lo a single activity are apportioned betrNeen those actsvities on a basis consistent wrth the use of resources. Central staff costs are all(ted on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Expendrture on charitable activities is inujrred on diredy undertaking the activibe5 thich further the charitys objectives, as well as any associated support costs. All expenditure is inclusive of Irrecoverab VAT. 1.4 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayrnents are valued al the amount prepaid net of any trade discounts due. 1.5 Cash at bank and in hand Cash at bank and in hand indudes cash and 5hort-teTm highfy liquid investments wtth a Short maturity of three mnth5 or less from the date of quIsition or opening of the depjsit or similar accoiint_ 1.6 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balan sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliabty. Liabilities are recognised at the amount that the charity antiapales it will pay lo settle the debt or the amount it has received as advanced payments for the goods or services it musl provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the lime value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discouftt rate that reflects the risks speufic to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. Page 8
VrbJJkgun*urvTrarwoCbc Ref. 8PXFPHv-X8Sx 13 Jun 2023 1307..8sT (Lrrc +110 111 P 11116 THE JOHN HAMPDEN GRAMMAR SCHOOL FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 Accounting policies {continuedl 1.7 Financial instrurnents The charity onty has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised al transaction value and subsequenlty measured at their settlement value Vth th@ exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 1.8 Fund accounting General funds are unrestricted fvnds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other Purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cosls of raising and administering such fund5 are charged again51 the specific fund. The aim and use of each restricted fund is set out in the notes to the financial 5tatement5. Critical accounting estimates and areas of judgment Estimates and judgments are continually evaluated and are based on historical experience and other Tactors. Includlng expectatlons 01 ftjture events that are belleved to be reasonable under the eirttumstancès. Critical accounting estimates and assumptions.. There were no critical areas of judgment or accounting estimates involved in preparing the aCUnIs. Page 9
VrbJJkgun*urvTrarwoCbc Ref. 8PXFPHv-X8Sx 13 Jun 2023 1307..8sT (Lrrc +110 111 P 12116 THE JOHN HAMPDEN GRAMMAR SCHOOL FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 Income frorn donations and legacies Unrestricted Restricted funds funds 2022 2022 Total funds 2022 Total funds 2021 Donations and gifts - buildings and refrjrbishment projects Donations and gifts - other Gift aid 1,363 1,363 49,264 12.343 2,150 58,974 12.852 49,264 12,003 340 61,267 1,703 62.970 73.976 Total 2021 71,446 2,530 73,976 Investmenl income Unrestricted funds 2022 Totol funds 2022 Total funds 2021 Interest receivable Total 2021 Analysis of expenditura on eharitable activities Summary by fund type Unrestricted funds 2022 Restricted funds 2022 Total 2022 Total 2021 Charitable activities 18,915 18,915 78,925 Total 2021 74,519 4,406 78.925 Page 10
VrbJJkgun*urvTrarwoCbc Ref. 8PXFPHv-X8Sx 13 Jun 2023 1307..8sT (Lrrc +110 111 P 13116 THE JOHN HAMPDEN GRAMMAR SCHOOL FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 Other expenditure The charity has no employees. The Trustees received no remuneration or expenses during the period. The costs of administering the charity are borne by John Hampden Grammar School. Debtors 2022 2021 Gift aid receivable 12.340 12.850 Craditors: Amounts falling due wiihin one year 2022 2021 other CreditcS 1.790 876 Page 11
VrbJJkgun*urvTrarwoCbc Ref. 8PXFPHv-X8Sx 13 Jun 2023 1307..8sT (Lrrc +110 111 P 14116 THE JOHN HAMPDEN GRAMMAR SCHOOL FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 Statement of funds Statement of funds - current year 8alance at 1 September 2021 Balance at 31 August 2022 Income Expenditure Unr85tricted funds General Funds 26,664 61,274 118,915) 69,023 Restricted funds Restricted Fund 3,126 1,703 4.829 Total of fund5 29,790 62.977 118,915) 73,852 Staiement of funds - prior year Balance at 1 September Balance at 31 August 2020 Income Expenditure 2021 Unrestricted fund$ General Funds 29,731 71,452 174,5191 Restricted funds Restricted Fund 5.002 2,530 {4,4061 3.126 Total of funds 34,733 73,982 178,9251 29.790 Page 12
VrbJJkgun*urvTrarwoCbc Ref. 8PXFPHv-X8Sx 13 Jun 2023 1307..8sT (Lrrc +110 111 P 15116 THE JOHN HAMPDEN GRAMMAR SCHOOL FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 10. Summary of funds Summary of funds - current year 8alance at 1 September 2021 Balance at 31 August 2022 Income Expenditure General funds 26,664 3,126 61,274 1.703 118.915) 69.023 4,829 Restricted funds 29,790 62,977 118,915) 73,852 Summary of funds - prior year Balance at 1 September 2020 Balance at 31 August 2021 Income Expenditure General fvnds Restricted funds 29,731 5,002 71.452 2,530 (74,5191 (4,4061 3.126 34,733 73,982 178,9251 29,790 Page 13
VrbJJkgun*urvTrarwoCbc Ref. 8PXFPHv-X8Sx 13 Jun 2023 1307..8sT (Lrrc +110 111 P 16116 THE JOHN HAMPDEN GRAMMAR SCHOOL FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 11. Analysis of net assets between funds Analysis of net assets between funds- current year Unrestricted Restricted funds funds 2022 2022 Total funds 2022 CuThenl assets 69,023 6,619 {1,7901 75,642 (1,7901 Creditor5 due within one year Total 69,023 4.829 73.852 Analysis of net assets between funds - prior year Unrestricted funds 2021 Restricted funds 2021 Total funds 2021 Current assets Creditors due wlthin one year 26.664 4.002 18761 30.666 {876) Total 26,664 3.126 29,790 12. Related party transactions During the year £nil 12021= £60,000) was paid to John Hampden Grammar School to meet expendrture on capital projects and to finance improvements to the school. During the year £18,00012021'. £18,000) was paid to John Hampden Grammar School to fund a Counsellor for the year. Three of the Trustees of John Hampden Grammar School Fund are also Govemors of John Hampden Grammar School. 13. Controlling party The ultimate parent company is John Hampden Grammar School. Page 14