## **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
1
**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
2
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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
3
**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
4
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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)
**----- End of picture text -----**
## **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
5
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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)
**----- End of picture text -----**
## **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
6
**----- Start of picture text -----**
THE WEYDON SCHOOL TRUST FUND Charity No 298330
Annual accounts for the year ended 31st August 2024
Section C Notes to the accounts (cont)
**----- End of picture text -----**
## **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
7
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