IRIS DigJitcilly %ig7necl Docuiiient Dociimcnt ID.. 829A5D85BD13FB Dociiillent Del<ii Is Fileiiame: AL¢ouNts 31 MdfLh 20?5.pdf Client of: Benteiis Si gnalui'e Delcl11 Name: Polly Lankcstcr Emall: plankestei.@swclis.nei Date & Time: 2610112026 11..31..27 AM ICJMT) IP Addr. . 81.145.173.34 Polly Lanke%lei' coiifJi'ni% that tlie information 18 coi'i'ecl aiid coiiiplele to tlie best of Ilieir kiioHiledge dnd belief. Signlng Statement: Di&iilcil Ccrtificdte On behalf of.. Beiitens PDF digltal eei'tifieate: IRIS Softwai'c Gi'oup Limiicd Digital c¢rtificate issued by: Globalsign Pleasc kecp a copy of this docuineiit foi. your I'ccol'ds. Opciispacc - Bciitcns is powci'cd by IRIS Opeiispace.
REGISTERED CHAIUTY NUMBER: 298343 AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR SAFFRON WALDEN COUNTY HIGH SCHOOL TRUST Beiitens Chai'tLred Certified AcLountants Abbey House 51 High Stiect saffi.on Walden Essex CBIO IAF
SAFFRON WALDEN COUNTY HJGH SCHOOL TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Pa¥e Reference and Administi'alive Details Report of the Trustees Report ol. the Independent Audltoi's 5 to 7 Stateinent of Financial ActiYitie5 Balance Sheet Notes to the Financial Stateinents 10 to 13
SAFFRON WALDEN COUP4TY HIGH SCHOOL TRUST REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES Polly Laiikcstcr Cai'olii)e Derbysliire Sarali DilaSSe Jolin Wliittakei. mll.k Hayes Alan Bi'oadbeilt Adi"ian Williaiiigon Natalie Ea.%tlioi)e PRINCIPAL ADDRESS Saffi'on Walden Couiity High Scliool Audley End Road SatTi'on Waldeii CBII 4UH REGISTERED CHARITY LYUMBER 298341 INDEPENDENT AUDITORS Benieiis CliarlLI'cd Cci'tificd Accouniants Abl)ey Hoiise 51 Higli Stieet S£illroii Walden Esscx CBIO IAF Page I
SAFFRON WALDEN COUF4TY HIGH SCHOOL TRUST REPORT OF THF, TRUSTEES FOR THE YEAR EiYDED 31 MARCH 2025 Tlie tNstees pi'esent theij. i'cpoj'l willi Ilie fiiiancial stat¢inctit.% of tlie cl)ai'ity for tl)e year ended 31 March 2025. The triistees havc adoi)ted the provisions of Accountingj aiid Rcporiiiib by Cl)ai'itics'. Staieineiii of Recomiiiend¢d Pi'aeliee applicllble to charities i)Icparing Iheii- accounts in accoi'danc¢ with (he Financial Reporting Standard iipplicablc in the UK and Republic of li'eland IFRS 102) Icffcctivc l Januaiy 20191. OBJECTIVES AND ACTIVITIES Charitable ubjeetives The objcctive8 of Ilie trust are to.. Advance the education of pupils iii tlie scliool by pi'ovidii)g facililies for educaiion tliat cannot bc provided by the iioi'nial fuiiLling pi'ovided to scl)ools Engage iii aciivitics which .Uppor1 the school and advaiicc tli¢ cducaiion of piipils atieiidiiig it Fostej. Inore extended I'elatioiiqliips between the stdff. P1( rei)l.% aiid ot1)ci' as.Eociaied wirli Ilie school The SWCHS Trust reviews grant applications rccciv¢d from staff, parents and students. Tl)¢se are forn)ally subiiiilted, including costiiigs atid tlie expected iimpactlbenefit to Ilic scliool aiid Ilie ediication we provide. The Ttusi board meets to dis¢us% gi'aiii applic1£ tions and will Inakc a Lyrani towai'ds projects whicli align witli the stated objectives, iii pai'riciilai. tl)e advaiiccmeJ)l of educaiion, and wliich will have a qubstai)tial iinpact. Thc Trusl will soinetiiiies Inakc a coiitribiition towards a project with Inaich fLinding coining from other oi'ganisiltioiis (for cxaiiiple Sporr EiJglaiid). Fundrai.%ing coiiies fron) quiz niglil4, %poii.%oi'ed eveiils, chai'ily ftiiidi'aisiiig event%, I'egiilc1r iiionthly donation, one off gifts io tl)c s¢huul and ¥raiitS bouglit foi. pdi'ti¢uldl' pi'ojeLls fi'uiTJ Othci. oi'gdl)iSatioiis. Tl)¢ ¢xpendittLre lias met tlie aims of iinpi'oving the facilities and advancing th¢ ¢ducalion of pupils at th¢ scl)ool. Public benefit Tlie Tiijstees dre mindful uf the need to iiieet tlie Piiblic Benefit requiieiiient and have taken diie i'egai'ds to Ihe guidance givei) to TNsi¢es by the Chai'iiy CoJiiiiii5510tI. Pagc 2
SAFFRON WALDEN COUNTY HIGH SCHOOL TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 ACHIEVEMENTS AND PERFORMANCE Charitable aetlviti¢s Over £68,001) was I'aised tliroiigli a coiiibinalion of fundi'aisii)Lr evcnts and Ilirougli receiving some direct contj'ibutions. This was inciease on the previoii% yeai.. The school was able 10 5UPPOI't a nuinbei. of difiei'eiit pi'ojec15 tliat will greatly benefit tlie ¢ducation of cliildrcn a21d the lacilitie5 tIIcy 115e. This includ¢d.. Siippoj't loi. science expei'iiiients including new equipiiien( sucli as mici'oscopes and Bunsen biller5 Siipport loi. n¢w text books foi. Ilie Iiew GCSE coui'ses in Languages Supi)ort foi. effective coiisolidaiioii of learning thi'oubh iiivcslinent in on-line plaifomis for Humaiiities. Enbli%li, Science and LangFuaLTe. Support for subject specific wai"kshops iii Art. MLISIC. and Techi)ology Support for disadvaiitag¢d students throiigli tlliiding additional activity, iiicluding intervention Siipport for Icey i'csoui'Leb SULII a5 SWCHS 'Fingertip FdLts' FINANCIAL REVIEW Reserves policy Tl)c Ti'usi dues iiot Iiilve a poliLy on reserves. Monies received by the Trust are spent on the projects dccmed most impactftil. Wliere funds are cari'ied forward. it is usually to iiieet an expeclcd fiitllic piY)ject. FUTURE PLAiYS Tli¢ Ti'LlSi plans to pi'ovidc funding for a ncw Astro piicl) and lo siippoit scliool departnieiits n105t at nccd of fuiiding. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing documcnl Tlie Ti'll.t is an iinincoi'poraled cliai'ity, eslabli51ied by it5 govei'nii)g docuinenl, a Declaration of Trust daied l O Deceii)ber 1987. Truslee selectiTrn Tiiistecs ai'c appoiiiled by a rcsolutloi) of the exisliiig Trusiees. iiicluding thc headteacher of the school and tlie Cli£lir of the Govei'ning Body ol'the scl)ool. ST ATEMENT OF TRUSTEES, RESPONSIBILITIES Tl)e tr115tecs al'e i'espoiisible for pi'epariiibi tlie Rcporr of tlie TISt¢CS aiid thc financial staiement5 in accoi'dance with applicablc law and United Kiiigdoin Accouniillg Stai)dards (United Kingdoiii Geneially Accepted Accoiinting PraLtice) Encluding Findiicial Repoi'ting Stdndard 102 "The Financial Reporting Standard ai)i)licable in the UK and Republic of Ireland Pag¢ 3
SAFFRON WALDEN COUNTY HIGH SCHOOL TRUST REPORT OF THE TRUSTEES FOR THE YEAR EP4DED 31 MARCH 2025 STATEMENT OF TRUSTEES, RESPONSIBILITIES- continued ch81.ity law reqiiires thL liSt¢eS to pi'cp&ic tlllklllLial siaieinLI)Ib foi. cach fiiiaiicsal y¢ar. Undei. Ihat law, thc tlllbtees liave ¢lc¢ted to Pl-eP<lJ'e tlie fiiiancial 5tat¢iiientS 111 klCLOI-dc1nce witli Uiiited Kingdoin Genei'ally Accepted A¢coiinting Practice (United Kin&Jdoin Accounting Siandai'ds and applicable lawl. Undei. charity law tlie tIsle¢S Jnust iiot pprove the financi1c I statClDcnts unlcss Iliey c1re satisfied that tlicy give a true aiid fair view of Ilie stale of affaii's oftlie cliai'ity aiid of tlie iiicoiiiiiig I.e%oUrce aiid application of i"esouiees, including the incomc and expendiiui'e. of tlie Lhdl'lty foi" Ilidt periud. In pi'epai'iiigF tl)use tinanLial statcin¢iits, the Irustees are I'eqiiircd to s¢le¢t suiiable accouiitiiig polici¢s aiid then apply (hem consistclltly,. observe tlic inctliod.q ai)d principles iii tlie Chi21'111¢s SORP., ake jiid¥einents aiid cstlinatcs that are reasonablc ai)d pldent. prepai'e tli¢ fiiiancial siateiiients oli Il)e goiiig concei'ii basis ui)less it is inappropriate to presuine that tlie Lharity will coniinue in bu5ill¢bS. The trustees are rcsponsible for keeping pi'opci. accounting i'ecords whiel) disclose with Irasonable aeLuracy at any tiiiie Ilie financial position of tlie cliai'ity dnd 10 eiiablc Ilietii lo ensuie Iliat tl)e finaiicial %tateinent5 coinply MTlth th¢ Charities Act 2011 and The Chdl'ily IALLuiiiifs aiid Repoi'tsl Reguldlioiis 2008. They al'e also respoi)sible for safeguai-diiig Ilie asseis of Ihe clJai'ity aiid heii¢e for iakiiig reasoiiablc stLPS for Ilie pr¢vciilion &Liid deieLlion of fiaiid aiid otl)¢i' ii'reLJulMI-ilies. Approv¢d by order of the boai'd of Iiustee5 on 21 JAI)uftry 2026 and sigiied oli ilb behalf by.. Polly nkes(er- Trustee Pdb7C 4
REPORT OF THE JNDEPENDEI NT AUDITORS TO THE TRUSTEES OF SAFFRON WALDEN COUNTY HIGH SCHOOL TRUST Opinion We hclve audited the financial statClT]en15 of Saffi'oii Waldeii County Higli Scliool Ti'LlSt (the 'charity') foi. Ihe yeai. elided 31 M<ircli 2025 wliich coinprise the S(aieinei)t of Finaiicial Aciivities, Ihe Balance Shcet and notes to Ilie tinkincial %ldteiMcnts, includiiig d Sutrllnaiy of significc1nt accoiinting polici¢.%. The financial I'epoi'ting framewoi'l( tliat has bceii applied in thcii. prcpai'ation is applicablc law and United Kin&do Accouiiting Standards (United Kingdoiii Geiierally Accepted Accountiiig Pi'aclicel, includin¥ Financial R¢poiling Standai.d 102 'Thc FindnLldl Repui"ting Standard applicable in the UK and Rcpublic of Th'el£ind'. our opinion the finan¢io1 statcnients.. give a IrLie and fair view of the stale of the cliai'ity's affairs as at 31 Marcli 2025 and of its incoming resoiirces aiid applicdiioli of i-e%oiii'ces. foi. Ilie yedl. Il)eii ended: have bccii pi'operly prepai'ed iii accoi'daiice with Unilcd Kiiigdom Generally Accepled Accouiiting PTactice. iiicliidiiig Financial Reponing Standai.d 102 'Tlie Fiiiancial Reporting Standai'd applicable in rlie UIC and Rcpublie of li'cland,: .Iiid liave beeii pi'epared ill accoi'darce willi the requireiii¢nts of the Cliariiies Aet 2011 Basi5 for opinlo We Londuct¢d oui. audit in accoi.dancc with Iniemdllotldl Standards on Auditing IUKI (ISA5 (UK)) and ai)i?licabl¢ law. Oui- i-es1)oii.%ibilities linder Ili08e standards al'e furihei. described in tli¢ Auditois, rc5ponsibilities for thc audir of tlie Iinancial statcincnts SCLlion of oiii. iepoi't. We al'e independent of the chariiy in accordaiice MTiili Ilie eiliical i'cquireii)enls tlial aTe i'elevant lo our audit of tl)e financial statements iIi tlie UK. ii)cliLdiJib? the FRC'S Etliical Siajidai-d, aiiLI we Iiave fulfilled our otlicr ethical I'esponsibilities in accoi'dai)ce wsth thcsc I'equiremeni.%. Wc bclicvc thar Ihe audil evid¢iice wc have obtained is sul'fici¢iit and appi'oprial¢ to provide b£iSiS foi. oiii. 01)iiiion. Conclusions relailng to EoTrng concern Iii aLidiiing tliL tinaiicial st<cincnls, WL havc coiicliidcd thai Ilie trustecs, lis¢ of thc goiiig concei'n basis of aceounling in tl)e preparation of tl)e f1112L IICi¢il Nlalenienls is api?I'opriale. Based oli the woi'k we liave perfoni)ed, we liave not identified aiiy mat¢i'ial iiiicertainties relating to events or conditions tl)at. individiidlly oi- collcctivcly, may Ldst Sigiiificant doubt on the Lliill-ily's ability to continue as 8 going concerii foi. a pci'iod of at Icasl twelve Inoiit115 fTOlii wlien tlie fii)#iicial slatciiienls are authorised for issue. Oiir responsibilities and tl)e I"espot]sibilLties of the ii'LlS(ees with i'espect to going concei'n al'e desei'ibcd in tlie relevaiit sections of this I'eport. Othei. Information Tlic tiusteeb are re.PonsIble for the other inforjiiation. Tl)e oilier inforjnation comprises the information incliided in tl)e Annual Report, oiher tlian tlie financial staiement5 and our Repoit of the Indep¢ndcnt Auditors Il)¢reon. Oiir opinion oti tlie finai)cial slateiiieiil% does not Lover Ilie otlicr inforination aiid. exeei)t lo thc extenl othei'wise explicitly blaled in uur I'epoi'i. we do iiot ¢xpre55 any foiin of ttssui"anc¢ conclusion tliereon. In conjiection witli oiir <tiidit of th¢ finaiicial st(iteJneii15, oul. I'cspoiisibiliiy is to Itad the otliei. information aiid, iii doii)g so, considci. wheilier Ilie other iiifoi'matloii is maici'iolly iiiconsistent wirli rhe finan¢i81 sla(eJneiitS Ol. OLir kniowled¥e obtained in the audit oi. oiliernvi.%e appears 10 be iiiaterially Iiiis.%lated. Jf we identify such matei'ial incon51Stcncics or apparent Inat¢J'ial Inisstatenieiits, we al'e irquir¢d to deteiThine wliether this gives rise to a iiiatei'ial TlliSStateiiieiil in tlie fiiiancial stateiiients Ilieiiiselves. If, based on th¢ woi"k we hav¢ pcrfoiined, we LUtILlude Ili¢il tliei'e is a inaterial ini55tarcment of tl)is oil)El" infomiation, we are rcquired to repori tlial fact. We have notliing to repoi't iii Iliis I'egard. Page 5
REPORT OF THE JNDEPENDENT AUDITORS TO THE TRUSTEES OF SAFFRON WALDEN COUNTY HIGH SCHOOI, TRUST Matters on whleh ive are required to I'eport by exception Wc hav¢ iiothing to repoi"t in i'especi of Il)c followiiig Inattci's wlici'c thc Chariti¢s (Accounts and Repoi'ts) Regulations 2008 IEqUiI'CS US to i'epoi'l lo yoii it.. in our opinioi).. thc illforination given in rhe Repoi'i of tl)e Triistccs is iii¢onsisiei)t in any iiiaiei'ial respeci with ihe rinancial State1nent.,' oi. suftILient dccoiiiiling i'ecords have not beci) kcpt. or tlie financial 5tateJnenis are not iii a&>ieeiiiei)I willi Ilie aecouiitiiig r¢coi'ds and i'eturns. or we have noi received all thc infoiiMJtion ynd ¢xplanaiions we ieqiiire foi. oui. audii. Responslbllltles of ti'ustces As explained more fully iii tlie Siaieiiient of Ti'usiees, Responsibi lities. tl)e t1115tccs ai'c Ic5P0115ible foi. the pi'epai-a(ioiI of the fiiiancial stateincnt.s whicl) giv¢ a tiue and fllir view, #nd for such inte111al coiiti'ol as the truslecs dctei'minc is iiecessary lo eiiable thc prLpai'atioii of fiiiancial statciiiciits that al'e Ii-ee fi'om IM£ltei'ial misstaieiiieni, wl)etlier due to frdud oi. ei'joi.. In prepai'ing the financial statciii¢nts, th¢ tru.%lee8 are i-eEI)onsible foi. c1ssessing tlie cliai'ity's ability to continue as a goii)gF LOItLelll, disLlosing, as dppIiLdblc. 111dltci's I'claled to gFoiiig CDllLeiii <tnd tlie going concern basis of accountiiig unless Ilie ti'iistees eitlier inieiid to liquidate rhe cliai'ity oi. to ccasc op¢iatioTrs, or have no realistic aliei"native but to do so. Oui. rc5pvnslbllltlLiS lor the audit of the financilll 5tAteinents We have bccn appoinlcd auditors under SLCtion 144 of Ilie Cliarities Act 2011 and I'epoi't in accoi'dance with the Act ancl relevaiit I'egiilatioiis ma(Ic oi. havii)g effect thereundei-. Oiir objectives al'e to obt1£ in IEasonable a55u1.ance about whethej" Ilie fiiiancidl sldtements as a wliolc ate tiee fioin Inatcrial niisstaieiiient, whethcr dLlC io fraiid or CITOI., aiid to is.%u¢ ai) 8iiditor's repoi't ihat includes oui. opinion. Reasoiiable a5suratice 18 a liigli level of a&suraiice, biii is iiol a guai'aiit¢¢ tliat an audit coiiducled in oL¢urdan¢e wilh ISAS (UK) will alwdyb detcct a nidtcrial misstatement wheii it exists. Misstaleiiicnts can arise froin fraiid oi. ci'ror aiid are con8idered Inaiei'ial if, individually or ill Ilic agLiregiate, Il)ey could i'ca50t]ably be expected to inflLience the econoniic d¢cision5 of iisers takeii on Ilie basis of thcsc financial staieinents. The extent to which tlie audit Ivas considered capable of deteeting ii'rcgularitie5, including fraud Iiieguldl'ities al'e iiistances Df nDri-coinplianc¥ ivitli laivs diid I'¢giildlioiis. Tlie objectives uf oiir aiidit are to obtain sufficieni appi'opriaie aiidit cvidciicc I'LgFardiii&F Loinpliai)Le with laws aiid I'egFulatioiis that have a dii'ect effcct oli thc deteriiiiiiatioi) of rerial c11lloiiiiis aiid disclosui'c% iii Ilie finuncial staieinenis. lo pei'foi'm audii procedui'es io liclp identify iiistaiices of noii-coinpliance wilh oilicr laws aiid rcgiilatiolls tliat Inay have a niatei-ial effeci on Ilie financial slattiiieiits, and to i'e%i)ond appropi'ic11ely to id¢i)lifJcd oi- sus1)ected non-coinplianLe witl) laws and i'egulations identified dui'inuJ tlie audit. In I'eldlion to fi'aud, Il)e obj¢¢tives of oiir audit arc to identify and asscss thc I'isk of matcriyl inissiatemeni of Ilie financial stalcinents diie to fi'aLid. lo obiaiii SLifficieiit api)I'oi)i'iale aiidit evideiice reb?arding tlic assc.ssed risks of matei'ial Inisstateiiient du¢ to fi'aud Ihr()uLI) desiLyninbTr and impleineiiting appi'opriate i.esponse dnd to ie5pond appi'oprialely lo fi'aud or siispccied fiaiid idciitificd dui'iiibJ the aiidii. Pd¥C 6
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF SAFFRON WALDEIY COUNTY HIGH SCHOOL TRUST The extent to which oui. pi'ocedureb dre capable ofdetecting inegulai'iiies. including fiaud 15 detailed below.. It is Ilie priiiiaiy I'espon.%ibility of niiG 111( gemellt, witli Ilie ov¢i'8iglii of tliose cl)ai'ged with governance. to ensure tliat thc entity's opci'ations dl"e Lonductcd in accordaiiLC willi the pi'ovi51ons of law5 and regulations and for the prevei)tioii aiid detection of fi'aud. lil idcnlifying and a.%.qe88iiig I'i.%ks of Inaterial misstaieineiit in Ic5PCCt of irregularities, including fiaud, th¢ aiidii eiibFagemeiit Itai?i'. obiaincd ali iii)derslaiidii)LF ol'th¢ iialiii'e of Ilie ii)diistiy aiid secior, iiicludiiig the legal and regulatory fiainewoi'lc Ili<il Ilie coiiii)¢llly opeiates iii and l)ow Ilie COiiIPl tiy 1.% coiiiplyii)g witli the legal and regiilaiory frainework., illqiiii'ed of iiianagenieiit, and those cliaig¢d willi govei'i)an¢e, about ilieir owii ideiitificatioii and assesbmeni of tlie risks. of iri'egulai'itieb. illLludingF any known aLtual, suspected oi. alleged instanccs of fraud: disLusbed iiiattei's about non-complidnLe with laws aiid I'egiildlioi)s and howr frdud miBht ocLur iiicludiiig assc.S1ncIiI of liow and wl)ei-e Ilic financial slateinents Inay be susceptible to fraud. As a result of (hese proccdiircs wc considei. thc Inosl significant law5 and rcgulations tliat l)ave a dii'ect IIIIPclCI 011 the tii)aiicial .%tl¢ teiiiciirs ale FRS 102 and Ilie Coiiipaiiies Aci 2006. We pei'forjned audit pi'ocedui'es to dctect iion-coiiipli<ll)Les wliicli may liave a Inatei'ial impact oii tlie financial stateinenis wl)icl) iiicluded ieviewiiig finai)cial slalellient disclosiireg. The audit ¢ngicgement leaiii identified the ri.%k of management ovcrridc of controls the area wlicrc tlic finaiicial s11£ teinents wei'e inost susceptible to n)alei-ial niisslatciiieiit due lo frdiid. Aiidil i)I'aceduirs pei'foi'iiied iiicliided biit wei'¢ iiot liinited to tesliiig ii)aniial jOLlI'niil Liili'ieb and oili¢i' ddjiibiiiients Lind evdluJliiig tlic biisiness I'ationale in relaiion to significant, ui)usual irai).sactions and transacliotls Lnicrcd iiito outsidc tlic noiiiial LOUI'se of busiiic.%s, A furil)ei- de5CI'lPtioii of oiii. I'Lbpoiisibiliiies loi. Ilic audit of Ilie f111anLial siaieiiiei)ts is locarcd on tlie Fiiiaiicial Repoi'tin¥ CoiinLiI'.% web%itC ill www.frc.org.Iil<laudÈtoJ'.%re.sponsibililies. This desci'iplioii forms pari of our Repoitt of tlic Indcpcndeni Auditors. Use of our repurt Tliili report 15 1111ide solely lo the cliariws trustees, as a body, in accoi'dance with Part 4 of the Chariiies (Accounts £ind Rcports) RClIationS 2008. Our audit work lias been uiiderlaken so tliat we migl)t state to the cliarity's Iiiistces 1110se iiiallei's we are requii'ed to slate lo tlieii) in an auditors, report and foi. no oiher piii'posc. To the fiilltbt extenl pciinitted by Idll,, we do not acL¢Pt oi. assumc i'esponsibiliiy lo anyone otl)ei' Ilian Ilie cliariiy ai)d Ihe ehariws trustees as a body, for our audit work, for this report, oi. foi. the opiiiions wc have foi'ined. for and on belialf of Bcntens Cliariei'ed Ccrtified Accountanis Abbcy House 51 Higli Sli'eet Satti'on WaldLn Essex CBIO IAF 21 January 2026 Pag¢ 7
SAFFRON WALDEN COUNTY HIGH SCHOOL TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 Total 2024 Toliil INCOME AND ENDOWMENTS FROM Donalitsi)s and legacics 37,991 30,860 68,851 29,940 EXPENDITURE ON Chai'itable activities Charitablc activities 33.015 29.345 62.360 9,542 NET INCOME Transfer5 between funds 4,976 (5,9861 6,491 20,398 5,986 Net movemeiit iii I'unds {i.010) 7,501 6,491 20,398 RECONCILIATION OF FUNDS Total funds brouglit foiivard 60,575 13,937 74,512 54,114 TOTAL FUNDS CARRIED FORWARD 59,565 21.438 81.003 74,512 Page 8
SAFFRON WALDEN COUNTY HIGH SCHOOL TRUST BALANCE SHEET 31 MARCH 2025 2025 Total 2024 Total fui)ds Unrc.4lricled tuiid Re%iriLied iidi* Notes CURRENT ASSETS Casl) at bank 60,153 21,438 81,591 75,082 CREDITORS Ainounis tallin& duc within one yeiir 1588) (588) {570) NET CURRENT ASSETS 59,565 21.438 81.003 74,512 TOTAL ASSLTS LESS CURRENT LIABILITIES 59.565 21,438 81.003 74.512 NET ASSETS 59,565 21,438 81.003 74,512 FUNDS Uni'esti'icted fLinds R¢sti'icled fundb 59,565 21,438 60,575 13,937 TOTAL FUNDS 81.003 74.512 Tlie fiiiancial stateinents w¢i'c appi'oved by th¢ Board of Ttust¢e5 and authoi'ised for i58ue on 21 Januaiy 2026 and were sigi)ed on ils belialf by.. Polly Lankester- Tiiistcc Page 9
SAFFRON WALDEf4 COUNTY HIGH SCHOOL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES Basis of preparing the financial statemellts The fjnajicidl slatcin¢i)ts of tlie chj-i1y, Ivhicli 15 a i)ublic benefil entity under FRS 102, have been pi'epared in accorddiice willi Ilie Cliai'itics SORP IFRS 1021 'Accouiitiiig aiid Repoi'ting by Chai'itics.. Statemeni of Recomin¢nd¢d PrllLiiLe applicable to clidi-ilies i)i'epdJ'ingJ Ilieii. dccouiils iii accoi'dance with tlic Fiiiancial Repoi'ting St1¢ iidard applicable in Il)e UK aiid Repiiblic of Ii'elaiid IFRS 1021 {effeLlive l Jai)uai'y 20191,. Fii)aiicial Repoi'ling Standai-d 102 'TI)e Finaiicial Reporliiig Stlc Iid?L rd applicable Ihe UK and Republi¢ uf li"eland' dnd thc Cliai'ities ALt 201 l. Tlic financial stateEnciils l)ave been piei)ai'ed under the liistorical co.st conveniion. Income All income is iecogniscd in the Staieiiient of Financial Ac(ivities onLe Ilie chai'ily has entitlenient to tlie funds. it is pi'obable that the iiicoinc will be Yeceived and tlie aiiiount cali b¢ nieasured reliably. Expenditure Liabiliti¢.s al'e i-ecognised a.s ¢xpeiiditure as soon as tliei'e 15 a lebiul or consriucliiwe obli&Ja(ioii Lominittiiig tli¢ cliai'ity to thar cxpciiditurc. it is pi'obllble that a Iiaiisfci. of cconoinic beiiefils will bc requii'cd ij) .4etileineiit and tlie amount of tlie oblig)atioti can be meabui'ed I'eliably. Expeiidilul'e is accounied foi. on an accruals basis and lias bL¢ii classified undei. IicadiiigJs tl)at a¥bll'egate all cost r¢lal¢d to Ilie caiegoiy. Wliei'e co.%l.% C1( ni)0( be directly attril)uied to pai'liculai. h¢adillgs they liave been allocated to Hctivitieb on a basis Lon51Steiil willi Ilie use ofrcsources. Taxation Tlie cliarily is exen)pt froiii tax on its charirable acliiritics. Fund accnuntlng Uiii"es(riLied fiinds can be iised in accoi'dance with the chai"Ltclble objcctivcs at the discreiion of thc tl'USt¢cs. Resti'ic(ed funds can only be used foi. pai'ticiilai. restricied purposes within the objecis of chc cl)arily. Resli'ictions ai'ise wl)en specified by the donor oi. when funds arc i'aised foi. particular re.%li"icied puiyoses. Fui'iliei" explanation of the ll£lture #nd pui'posc of ¢ach fund is included in the notes io tlie financial statements. AUDITORS, REMUNERATION 2025 2024 F¢¢s payable ro tlie cliai'ity's aiiditois foi- the aiidit of thc ¢liarily'S fiiiaiicial stateinenls 588 570 Pagc 10 onlinued...
SAFFRON WALDEN COUNTY HIGH SCHOOL TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES, REMUNERATION AND BENEFITS Therc were no (nistees, Irmuiicration or oihei. ben¢fits foi. tlie yeai. ended 31 March 2025 nor for the yeai. ei)ded 31 Maich 2024. Trustees, expense5 Tlieie were no tru5tees' expenses paid for Ilie ye1£ r ended 31 March 2025 iior for the year ¢nd¢d 31 Marcli 2024. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES UnrLsifiLILd fuiid Re%lricled fuiid Total fut)ds INCOME AND ENDOWMENTS FROM Donatl01I5 and legacics 11.440 18,500 29,940 EXPENDITURE ON Cliarilable aetivitie5 Chai-ilable aclivilies 4,979 4,563 9.542 NET INCOME 6.461 13.Y37 20.398 REC0Tr4CILIATION OF FUNDS Total fiiiids broiiglit loi'ward 54,114 54,114 TOTAL FUTr4DS CARRIED FORWARD 60.575 13.937 74,512 Page 11 continued...
SAFFRON WALDEN COUNTY HIGH SCHOOL TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 21)25 CREDITORS: AMOUNTS FALLING DUE WITHIN of4E YEAR 2025 2024 Oil)ei' ci'edilors 588 570 MOVEMENT IN FUNDS Nel belweeij fund5 Ai 1.4.24 in funds 31.3.25 Unrestrieted funds Gcnci'al fiind 60.575 4.976 15,9861 59,565 Rcstrictcd funds Resiricled fuiid 13.937 1,515 5,986 21,438 TOTAL FUNDS 74.512 6,491 81,003 Net movement iii fiii)ds. inclLided in thc 8bov¢ al'e as folloMIs'. Resoui'ce5 expciidcd Moveinei)I I'LbOUI'Les Uni'e5tricted funds Genei-dl fiinLI 37,991 (33,015) 4,976 Resti'iefed t'unds Resli'icted I'iind 30,860 {29,3451 1.515 TOTAL FUNDS 68,851 162,3601 6,491 Comparatives foi- movement in funds Ncl Ai 1.4.23 31.3.24 Unrestricted funds General fund 54,114 6,461 60.575 Restricted I'ullds Res(ricied fund 13,937 13,937 TOTAL FUNDS 54,114 20,398 74.512 Page 12 coiiliniied...
SAFFRON WALDEN COUNTY HIGH SCHOOL TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 MOVEMENT IN FUNDS- continued Comparative iiel moveinent iii fuiids, incliided iii Ihc above are as follows.. ResoiiTCeS expended Moveineiii in funds rebOUILes Unrestricted I'unds GenLI'al luiid 11,440 {4,9791 6.461 Resti'icted I'unds RetrICted fiiiid 18,500 (4,563) 13,937 TOTAL FUNDS 29.940 19,5421 20,398 RELATED PARTY DISCLOSURES There w¢i'c no related party Iransactioiis foi. (he year ¢i)ded 31 March 2025. Page 13