2024-08-31-accounts - The Weydon School Trust Fund

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WEYDON SCHOOL TRUST FUND – charity number 298330 Report of the Trustees for the year ended 31[st] August 2024

Trustees

Nick Pow Chair Jackie Sharman Chris Hyland Julie Tavener Julia Black (appointed 16[th] January 2024)

Registered address: Weydon Lane, Farnham, Surrey, GU9 8UG

1. Introduction

The Weydon School Trust Fund (WSTF) operates in accordance with its Governing Document dated 11[th] February 2021.

2. Objectives and Trustees

WSTF exists for the purpose of advancing education of the students of Weydon Multi Academy Trust (WMAT) by providing and assisting in the provision of facilities for the education of students at the schools that would not normally be provided.

There are five Trustees including the Weydon Principal, a governor of Weydon School at the time of their appointment and a parent of a current child at the school, and two others who should be a parent, a governor or someone who has relevant, specialist knowledge. New trustees, who will be drawn from the school or local community, are nominated by one of the existing trustees and appointed by a vote of the remaining trustees.

3. Principal Activity

The principal activity of the charity is to receive funding from Weydon Extended School Services (WESS), a private company, as well as donations from parents and others and, following requests from headteachers and principals, to approve disbursements to WMAT schools. The charity employs no staff and no running or support costs are incurred.

In carrying out its activities the trustees consider that they have complied with the duty to have due regard to the Charity Commission’s public benefit guidance.

4. Review of Achievements and Results in 2023-24

The charity received a donation from WESS of £237,211 (2022-23 £231,700) and donations and other income of £22,551 (2022-23 £13,191).

In approving requests for funding, the charity made payments to WMAT schools of £8,529 (2022-23 £80,640).

The net increase in funds for the year was £251,135 (2022-23 £164,027)

5. Reserves

The Trustees’ policy is to ensure that reserves are at least sufficient to replace the all-weather pitch at Weydon School, which will be required in a number of years time. Otherwise, reserves are retained until such time as funding is requested by WMAT schools for purposes in accordance with the charity’s objectives.

With negligible funding requests from schools in the year, as at 31[st] August 2024 the charity’s reserves, which are all unrestricted in nature, were £1,028,762 (£777,627 as at 31[st] August 2023).

Signed ……………

……………………………………………….

Date: 25th June 2025

Chris Hyland Trustee On behalf of the Trustees of the Charity

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THE WEYDON SCHOOL TRUST FUND Charity No 298330
Annual accounts for the year ended 31st August 2024
Section A Statement of financial activities
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Income from: Donations (Note 3) Charitable activities Other trading activities Investments - interest Donation from Weydon Extended School Services Other Total Expenditure on: Raising funds Charitable activities Transfers to WMAT schools Other - fees and charges Total Net income before investment gains/(losses) Net gains/(losses) on investments Net income Extraordinary items Transfers between funds Other recognised gains/(losses): the charity’s own use Other gains/(losses) Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ 22,499 - - 22,499 13,124 - - - - - - - - - - 51 - - 51 67 237,211 - - 237,211 231,700 - - - - -
	259,762 - - 259,762 244,891
	- - - - - - - - - - 8,529 - - 8,529 80,640 98 - - 98 224
	8,627 - - 8,627 80,864

	251,135 - - 251,135 164,027
	- - - - -
	251,135 - - 251,135 164,027
	- - - - - - - - - - - - - - - - - - - -
	251,135 - - 251,135 164,027
	777,627 - - 777,627 613,600
	1,028,762 - - 1,028,762 777,627

CC17a (Excel)

25/06/2025

THE WEYDON SCHOOL TRUST FUND

Charity No 298330

Annual accounts for the year ended 31st August 2024

Section B Balance sheet

Fixed assets Intangible assets Tangible assets Heritage assets Investments (Note 7) *Total fixed assets* Current assets Stocks Debtors Investments (Note 4) Cash at bank and in hand (Note 5) *Total current assets* Creditors: amounts falling due within one year *Net current assets/(liabilities)* *Total assets less current liabilities* Creditors: amounts falling due after one year Provisions for liabilities *Total net assets or liabilities* Funds of the Charity Endowment funds Restricted income funds Unrestricted funds Revaluation reserve *Total funds* Signed on behalf of the trustees by:		Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ - - - - - - - - - - - - - - - 2 - - 2 2
		2 - - 2 2
		- - - - - - - - - - 750,000 - - 750,000 - 278,762 - - 278,762 777,627
		1,028,762 - - 1,028,762 777,627
		- - - - -
		1,028,762 - - 1,028,762 777,627

		1,028,764 - - 1,028,764 777,629
		2 - - 2 2 - - - - -
		1,028,762 - - 1,028,762 777,627
		- - - - - - - - - - 1,028,762 - - 1,028,762 777,627 - - - - -
		1,028,762 - - 1,028,762 777,627
		Date of approval 25 June 2025 25 June 2025 Chris Hyland Print Name Julie Tavener

CC17a (Excel)

25/06/2025

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THE WEYDON SCHOOL TRUST FUND Charity No 298330
Annual accounts for the year ended 31st August 2024
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Section C Notes to the accounts

Note 1 Basis of preparation

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts.

The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) published in October 2019 and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.

1.2 Going concern

The Trustees have considered possible events that might cast significant doubt on the ability of the charity to continue as a going concern. The Trustees have made this assessment for a period of at least one year from the date of the approval of these financial statements. The Trustees have concluded that there are no material uncertainties about the charity's ability to continue for the foreseeable future and therefore these financial statements are prepared on a going concern basis.

1.3 Accounting policies

The accounts present a true and fair view and the accounting policies adopted are those outlined in note 2.

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period.

CC17a (Excel)

25/06/2025

THE WEYDON SCHOOL TRUST FUND Charity No 298330

Annual accounts for the year ended 31st August 2024

Section C Notes to the accounts (cont)

Note 2 Accounting policies

2.1 Recognition of income

These are included in the Statement of Financial Activities when:

the charity becomes entitled to the resources;
it is more likely than not that the trustees will receive the resources; and
the monetary value can be measured with sufficient reliability.

2.2 Offsetting

There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.

2.3 Tax reclaims on donations and gifts

Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.

2.4 Liability recognition

Expenditure, which is recorded on an accruals basis, is recognised once there is an obligation to make a payment to a third party and that amount can be measured reliably. All expenditure is on charitable activities so there is no apportionment of support costs between activities.

2.5 Current asset investments

Investments represent cash deposited on fixed terms with a maturity of greater than three months, which is held for investment purposes rather than to meet short term cash commitments as they fall due.

2.6 Debtors and creditors

Debtors and creditors receivable or payable within one year are recorded at settlement amount. Any losses arising from impairment of debtors are recognised in expenditure.

2.7 Basic financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

CC17a (Excel)

25/06/2025

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THE WEYDON SCHOOL TRUST FUND Charity No 298330
Annual accounts for the year ended 31st August 2024
Section C Notes to the accounts (cont)
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Note 3 Analysis of donations and legacies

Total Legacies Donations and gifts HMRC gift aid tax reclaim 2024 HMRC gift aid tax reclaim 2018-2023 Silent auction Christmas hampers Silent disco Spring concert Analysis Easyfundraising Other Donated goods, facilities and services	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ £ £ £ 9,524 - - 9,524 13,124 427 - - 427 - 7,410 - - 7,410 - 2,530 - - 2,530 - 1,247 - - 1,247 - 314 - - 314 - 252 - - 252 - 513 - - 513 - 283 - - 283 - - - - - - - - - - -
	22,499 - - 22,499 13,124

CC17a (Excel)

25/06/2025

Note 4 Current assets - investments

Note 4 Current assets - investments
Cash or cash equivalents Listed investments Investment properties Social investments Other investments Total	This year Last year £ £ 750,000 - - - - - - - - -
	750,000 -

Other Note 5 Cash at bank and in hand Short term deposits (up to 3 months maturity date) Cash at bank and on hand Total	This year Last year £ £ 120,000 - 158,762 777,627 - -
	278,762 777,627

Note 6 Related parties and related party transactions

Jackie Sharman is the Weydon School Principal and Chris Hyland is a governor of Weydon School and a trustee of the Weydon School Academy Trust (WMAT). Nick Pow is an independent member of the WMAT Audit and Risk Committee.

None of the trustees have been paid any remuneration or received any other benefits from the charity (last year - NIL).

Weydon School Trust Fund receives funding from Weydon Extended School Services Limited, a private company limited by shares and wholly owned by Weydon School Trust Fund.

CC17a (Excel)

25/06/2025

Note 7 Investment assets

Weydon School Trust Fund holds 2 ordinary shares in Weydon Extended School Services Limited.

Intangible assets Tangible assets Heritage assets Investments Total

This year	This year		Last year	Last year
£			£
	-			-
	-			-
	-			-
		2		2
		2		2

A breakdown of investments shown above.

This year: Analysis of investments

Analysis of investments Cash or cash equivalents Investment properties Last year: Analysis of investments Cash or cash equivalents Investment properties Grand total Listed investments Social investments Other investments - Weydon Extended School Services Total Listed investments Social investments Other investments - Weydon Extended School Services Total Grand total	- - - - - - Fair value at year end Cost less impairment £ £ - - - 2
	- 2
	- 2 - - - - - - Fair value at year end £ - - 2 Cost less impairment £
	- 2
	2

CC17a (Excel)

25/06/2025

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the tnistees WEYDON SCHOOL TRUST FUND On accounts for the yoar ended 31 AUGUST 2024 Chority no (If any) 298330 Set out on pages 24 I report to the trustees on my examination of the a¢UnIS of the above charity (Ihe Trusf) for th6 year ended 3110812024 Ro$ponsibilities and basls of report As the charity's trustees. you are responsible for the preparation of the accounts in ardance with the requirerrEnts of the Charities Act 2011 (Ihe Acf). I report in respecl of my examinats'on of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145{5)(bl of the Act. Independent The chanty's gross income exceeded £250,000 and l am qualified to examiner's statement undertake the examination by being a qualified member of the Chartered Institute of Public Finance and AUnncY I h8v& compléted my examination. I confim that no material matters have come to my attents'on in connection with the examination (other than that disclosed below '} which gives me cause to believe that in, any malerial the accounting records ware not kept in accordan with section 130 of the Charities Act.. or the accounts did not accord with the a(OUnting rerdS,. or the accounts did not comply with the applicable requirements conceming the fomi and content of accounts set out in the Chariti8S (Accounts and Reports} Regulations 2008 other than any reqUIreffnI that the accounts give a Irue and fair view which is not a matter considered as part of an independent examination. I have no eonc*ms and have come across no other matters in connection with Ihe examination to whi¢h attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. . Pleas delel words in the brackets rfthey do not apply. Slgned: Date: 2516125 Nam•: Mike Platten CPFA Relovant professlonal qualificationls) or body Qualified Member of the Chartered Institute of Public Finance and Accountancy IER Oct 2018

(If any): Addross: 6 Uplands Road Famham Surrey GU9 8BP Section B Disclosure Only complete if the examiner needs lo highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidan for examiners). Glve here brlef detslls of any itsms that the gxaminer wlshes to disclose. None IER Oct 2018