Charity number: 296155 THE JOHN HAMPDEN GRAMMAR SCHOOL FUND UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
THE JOHN HAMPDEN GRAMMAR SCHOOL FUND CONTENTS Page Reference and administrative details of the Charity. its Trustees and advisers Trustees. report Independent examiner's report Statement of financial activities Balance sheet Notes to the financial statements 8-17
THE JOHN HAMPDEN GRAMMAR SCHOOL FUND REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2024 Trustees T Hartley, Chair P Maskell {Resigned 18 March 20241 P Phippen N Hathaway J Godfrey (appointed 1 October 20241 Charlty reglstered number 296155 Prlnclpal offlce John Hampden Grammar School Marlow Hill High Wycombe HP11 1SZ Independent Examlner Edward Passmore BKL Audit LLP 35 Ballards Lane London N3 1XW Bankers Lloyds Bank PLC 27-31 White Hart Street High Wycombe HP112HL Page 1
THE JOHN HAMPDEN GRAMMAR SCHOOL FUND TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2024 The Trustees present their annu81 report together with the financi81 statements of the Charity for the year ended 31 August 2024. Objectives and activities a. Polieies and objectives The objectives of the Charity are lo advance the education of the pupils of John Hampden Grammar School IJHGSI by raising money from parents, guardians and former pupils, and providing or assisting in the provision of educational and related facilities, in 8ugmentalion of such facilities financed by annual government funding. The charity undertakes various fundraising aelivilies within the school community and all activities are planned in conjunction with the management of the school as a whole. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit". running charity IP821'. b. Activities undertaken to achieve objeetives The Charity engages in fundraising and uses the monies raised to provide grants to John H8mpden Grammar School. c. Main activities undertaken to further the Charity's purposes for the public benefit The Charity undertakes lo give grants lo John Hampden Grammar School, which is a stale school for young people aged 11-18. The facilities of the school which the Charity supports are used for the eduealion of the young Ople and are also available for use al specific times for the Ioc81 community. These activities further the Charity's purposes for the public benefit. Aehievements and performance a. Main achievements of the Charity Donations from parents to the general fund totalled £38,287. The Fund has continued lo support the school by donating £18,000 to support the counselling service, bul other funds are being kept in order lo support the school with future upgrades to the dining f8cililies. Financial review a. Going coneem After making 8ppropriale enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources lo continue in operational existence for the foreseeable future. For this reason, they continue lo adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis ean be found in the aceounling policies. Page 2
THE JOHN HAMPDEN GRAMMAR SCHOOL FUND TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2024 b. Reserves policy The reserves F)olicy has been determined in 8ccord8nce with the perceived future needs of the school to help balance annual v8ri8tions in Government revenue funding that arise from fluctuations in pupil numbers, and lo enhance the funding of capital projects. At 31 August 2024, reserves were £138,901 12023". £111,712>, comprising general funds of £133,466 12023". £106,277> and restricted funds of £5,43512023. £5,435). c. Review of the Year Income includes donations from parents which together with Gift Aid totalled £44,986, all of which is unrestricted. Bank interest of £1,603 was also reiVed in the year. Direct Charitable Expenditure of £19,400 includes the donation lo JHGS of £18,000 as noted above and external professional and administrative fees of £1,400. Structure, govemance and management a. Constitution The Charity was constituted by a Dee18ralion 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. b. Methods of appointment or election of Trustees Under the constitution, the Trustees are the Headteacher of John Hampden Grammar School, the Chair of the Governing Body, a Parent Governor, and a Staff repsentatiVe from the School. The Chair of the B08rd of Trustees is the Headleacher. Page 3
THE JOHN HAMPDEN GRAMMAR SCHOOL FUND TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2024 Statement of Trustees. responsibilities The Trustees are responsible for preparing the Trustees, report and the fin8nci81 statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Aecepled Accounting Practice). The law applicable to charities in England & Wales requires the Trustees lo prepare financial statements for each financial which give a true and fair view of the stale of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financi81 statements, the Trustees are required to". select suitable accounting policies and then apply them consistently., observe the methods and principles of the Charities SORP IFRS 1021", make judgments and accounting estimates that are reasonable and prudent", stale whether applicable UK Accounting Stsndards IFRS 1021 have been followed, subject lo any material departures disclosed and explained in the financial statements., 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 adequate accounting records that are sufficient lo show and explain the Charity's transactions and disclose with reasonable accuracy al any lime the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. 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 order of the members of the board of Trustees and signed on their behalf by.. Tkacey klartley T Hartley (Trusteel Dale.. 1010612025 Page 4
THE JOHN HAMPDEN GRAMMAR SCHOOL FUND INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2024 Independent Examinerfs Report to the Trustees of The John Hampden Grammar School Fund ('the Charity'l I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 August 2024. Responsibilities and Basis of Report As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'lhe 2011 ACVI. I report in respect of my examination of the Charity's 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 14515llbl of the 2011 Act. Independent Examiner's Statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act,. or the accounts do not accord with those records", or the accounts do not comply with the applicable requirements conMIng the form and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view 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 which attention should be dfftwn in this report in order lo enable a proper understanding of the accounts lo be reached. This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities IAecounts and Reports) Regulations 2008. My work has been undertaken so that I might stale lo the Charity's Trustees those matters l am required to state to them in an Independent examinerts report and for no other purpose. To the fullest exlenl permitted by 18w, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report. 1010612025 Signed". Dated". Edward Passmore FCA BKL Audit LLP 35 Ballards Lane London N3 1XW Page 5
THE JOHN HAMPDEN GRAMMAR SCHOOL FUND STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Total funds 2023 Note Income from: Donations and legacies Investments 44.986 1.603 44.986 1.603 56,661 514 Total income 46,589 46,589 57,175 Expenditure on: Charitable activities 19.400 19.400 19,315 Total expendlture 19.400 19.400 19,315 Net movement in funds 27.189 27.189 3T,860 Reconciliation of funds.. Total funds brought forward Nel movement in funds 5.435 106.277 27.189 111.712 27.189 73,852 37,860 Total funds carrigd forward 5.435 133.466 138.901 111.712 The Ststemenl of Financial Activities includes all gains and losses recognised in the year. The notes on pages 8 10 17 form part of these financial slatemenls. Page 6
THE JOHN HAMPDEN GRAMMAR SCHOOL FUND BALANCE SHEET AS AT 31 AUGUST 2024 2024 2023 Note Current assets Debtors Cash al bank and in hand 10 9,570 103,542 133.661 140,301 113,112 Creditors.. amounts falling due within one year 11 {1.400) (1,400) Net current assets 138,901 111,712 Total assets less current liabilities 138,901 111,712 Net assets excluding pension asset 138,901 171.712 Total net assets 138.901 111,712 Charity funds Reslricled funds 12 5,435 133,466 5,435 106.277 Unrestricted funds 12 Total funds 138.901 111.712 The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. Tk67cey If6Vtley T Hartley (Trusteel Dale". 1010612025 The notes on pages 8 10 17 form part of these financial statements. Page 7
THE JOHN HAMPDEN GRAMMAR SCHOOL FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 General information The John Hampden Grammar School Fund is an unincorporated charity established by consilution on 20th May 1986. This was registered on the charity comission on 14th February 1987. Accounting policies 2.1 Basis of preparation of financial ststements The financial stslements have been prepared in accordan with the Charities SORP IFRS 1021- 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 IFRS 1021 leffective 1 January 20191, the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. The John Hampden Grammar School Fund meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise slated in the relevant awounting policy. 2.2 Income All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amoLJnt of income receivable can be measured reliably. Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where Income is received in advance of entitlement of receipt, Its recognition is deferred and included in creditors as deferred Income. Where entitlement occurs beft)re income is received, the income is accrLJed. Income tax recoverable in relation to investment income is recognised at the lime the investment income is receivable. 2.3 Expenditure Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit lo a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs inVoed in undertaking each activity. Direct costs attributable lo a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of lime spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on charitable activities is incurred on dIreCY undertaking the activities which further the Charity's objectives, as well as any associated support costs. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions allaching are fulfilled. Grants offered subject to conditions which have not been met al the year end are noted as a commitment, bul not accrued as expenditure. Page 8
THE JOHN HAMPDEN GRAMMAR SCHOOL FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accounting policies Icontinuedl 2.3 Expenditure {continued) All expenditure is inclusive of irrecoverable VAT. 2.4 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity,. this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. 2.5 Debtors Trade and other debtors are recognised at the selllemenl amount after any trade discount offered. Prepayments are valued al the amount prepaid net of any trade discounts due. 2.6 Cash at bank and in hand Cash at bank and in hand includes cash and short-temi highly liquid investments with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. 2.7 Liabilities and provisions Liabilities are recognised when there is an obligation al the Balan sheet date as a result of a past event, il is probable that a transfer of economic benefit will be required in selllemenl, and the amount of the settlement can be estimated reliably. Liabilities are recognised al the amount that the Charity anlicipales il will pay to sellle the debt or the amount il has reiVed as advanced payments for the goods or services it musl provide. Provisions are measured al the best estimate of the amounts required to sellle 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 al the pre-tax discount rale that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finan cost. 2.8 Financial instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial inslrumenls. Basic financial instruments are initially recognised at transaction value and subsequently measured al their settlement value with the exception of bank loans which are subsequently measured al amortised cost using the effective interest method. Page 9
THE JOHN HAMPDEN GRAMMAR SCHOOL FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accounting policies Icontinuedl 2.9 Fund accounting General funds are unrestricted funds which are available for use al the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Restricted fvnds are funds which are lo be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes lo the financial statements. Investment income, gains and losses are allocated to the appropriate fvnd. Income from donations and legacies Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Donations 38,287 6,699 38.287 6.699 Gift Aid 44,986 44.986 Restricted Unrestrictgd funds funds 2023 2023 Total funds 2023 Donations 600 46, 995 9, 060 47,595 9,066 Gift Aid 606 56, 055 56.661 Investment income Unrestrieted funds 2024 Total funds 2024 Bank Interest 1,603 1.603 Page 10
THE JOHN HAMPDEN GRAMMAR SCHOOL FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Investment income Icontinuedl Unrestricted funds 2023 Total funds 2023 Bank Interest 514 514 Analysis of grants Grants to Institutions 2024 Total funds 2024 Grants, Supporting the school 18,000 18.000 Grants lo Inslilulions 2023 Total funds 2023 Grants, Supporting the school 18,000 78,000 The Charity has made the following material grants to institutions during the year.. 2024 2023 Namg of institution John Hampden Grammar School 18,000 18,000 18,000 18,000 Page11
THE JOHN HAMPDEN GRAMMAR SCHOOL FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Analysis of expenditure on charitable activities Summary by fund type Unrestricted funds 2024 Total 2024 Supporting the school 19,400 19.400 Unrestricted funds 2023 Total 2023 Supporting the school 19,315 19.315 Analysis of expenditure by activities Grant funding of activities 2024 Support osts 2024 Total funds 2024 Supporting the school 18,000 1,400 19.400 Grant funding ol activities 2023 Support sts 2023 Total funds 2023 Supporting the school 18,000 1,315 79,315 Page 12
THE JOHN HAMPDEN GRAMMAR SCHOOL FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Analysis of expenditure by activities Icontinuedl Analysis of support costs Supporting the school 2024 Total funds 2024 Independent examine¢s fees 1,400 1,400 Supporting the school 2023 Total funds 2023 Independent examine¢s fees 1.315 1,315 Independent oxaminer's remuneration 2024 2023 Fees payable to the Charity's independent examiner for the preperalion and independent examination of the Charity's annual accounts 1,400 1,315 Trustees. remuneration and expenses During the year, no Trustees received any remuneration or other benefits (2023- £NIL). During the year ended 31 August 2024, no Trustee expenses have been incurred (2023 - £NILJ. 10. Debtors 2024 2023 Due within one year Gift Aid debtor 6,640 9.5TO 6,640 9.570 Page 13
THE JOHN HAMPDEN GRAMMAR SCHOOL FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 11. Creditors: Amounts falling due within one year 2024 2023 Accruals and deferred income 1,400 1.400 Page 14
THE JOHN HAMPDEN GRAMMAR SCHOOL FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 12. Statement of funds statement of funds - current year Balance at 1 September 2023 Balance at 31 August 2024 Income Expenditure Unrestricted funds General Funds - all funds 106.277 46.589 119.4001 133.466 Restrlcted funds Reslricled Funds- all funds 5.435 5.435 Total of funds 111.712 46.589 119,4001 138.901 Page 15
THE JOHN HAMPDEN GRAMMAR SCHOOL FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 12. Statement of funds (continued) statement of funds - prior year Balance al I September 2022 Balance at 31 August 2023 Incon7e Expenditure Unrestricted funds General Funds - all funds 69,023 56,569 (19,315) 106,277 Restrlcted funds Science Laboratory Improvements 4.829 606 5.435 Total of funds 73,852 57,175 (79,315) 111,712 13. Summary offunds Summary offunds - current year Balance at 1 September 2023 Balance at 31 August 2024 Income Expendlture General funds Reslricled funds 106.277 5.435 46.589 119.4001 133.466 5.435 111,712 46,589 19,4001 138,901 Summary offunds - prior year Balance al I September 2022 Balance at 31 August 2023 Incon7e Expenditure General funds 69.023 56,569 606 (19,315) 106,277 5.435 Reslricled funds 4.829 73,852 57,175 (19,315) 111.712 Page 16
THE JOHN HAMPDEN GRAMMAR SCHOOL FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 14. Analysis of net assets between funds Analysis of net assets between funds - current period Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Current assets 140,301 11,4001 15,4351 140.301 {1.4001 Creditors due within one year Difference 5,435 Total 5,435 133,466 138.901 Anatysls of net assets between funds - prlor perlod Restricted Unrestricted funds funds 2023 2023 Total funds 2023 Current assets Creditors due within one year 5,435 107, 677 (1,400) 113,112 (1.400) Total 5,435 106,277 111,712 15. Related party transactions During the year, the John H8mpden Grammar School Fund made a grant of £18,00012023." 18,0001 to John H8mpden Gramm8r School lo support their counselling service. Page 17