**Charities Administered ICW Langley Park School for Boys**
**Annual Report and Financial Statements**
31 August 2023
Charity Registration Number 307802
## **Contents**
|**Reports**||
|---|---|
|Reference and administrative information|1|
|Trustees’ report|2|
|Independent examiner’s report|5|
|**Financial statements**||
|Receipts and Payments Account|6|
|Statement of assets and liabilities|7|
|Principal accounting policies|8|
Charities Administered ICW LPSB
**Reference and administrative information**
**Trustees** Mr Steve Parsons (resigned 17 April 2023) Mr Richard Guy Mr Mark Ridley (resigned 17 April 2023) Ms Suzanne Munday (appointed 17 April 2023) **Registered address** Langley Park School for Boys Hawksbrook Lane South Eden Park Road Beckenham Kent BR3 3BP **Charity registration number** 307802 **Independent examiner** Buzzacott LLP 130 Wood Street London EC2V 6DL **Bankers** NatWest Bank 135 Bishopsgate London EC2M 3UR
Charities Administered ICW LPSB **1**
**Trustees’ report** 31 August 2023
The trustees of Charities Administered ICW Langley Park School for Boys (‘the Charity’) present their annual report together with the financial statements and the independent examiner’s report of the Charity for the year to 31 August 2023.
The financial statements have been prepared in accordance with the accounting policies set out on page 8 of the attached financial statements and are presented on a receipts and payments basis.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Constitution**
The charity is constituted by a Trust Deed dated 8 March 1989 to advance the education of the pupils of Langley Park School for Boys by providing or assisting in the provision of educational, recreational and other charitable facilities not normally provided by the Education Skills Funding Agency. The charity was registered with the Charity Commission on 4 December 1962 (Charity Number 307802).
The trustees are responsible for taking all strategic and investment decisions and for monitoring the implementation thereof.
In setting the charity’s objectives, the trustees have given careful consideration to the Charity Commission’s general guidance on public benefit. The trustees are satisfied that the charity’s activities have been for the public benefit.
## **Trustees**
The trustees serving during the period were as follows:
- Mr Steve Parsons (resigned 17 April 2023)
- Mr Richard Guy
- Mr Mark Ridley (resigned 17 April 2023)
- Ms Suzanne Munday (appointed 17 April 2023)
## **Risk assessment**
The trustees have considered the major risks to which the charity is exposed and appropriate systems are in place to manage these.
Charities Administered ICW LPSB **2**
**Trustees’ report** 31 August 2023
## **STRUCTURE, GOVERNANCE AND MANAGEMENT** (continued)
## **Achievements, Performance and Financial Review**
The charity receives donations from the parents of pupils at the School together with income in respect of the following memorial funds invested in Charities Official Investment Fund Income Units:
- The Beckenham Secondary School Old Boy’s War Memorial Fund
- The John Pearce Memorial Fund
In the year, the charity transferred £nil (2022: £70,000) to the Langley Park School for Boys to support the pupils in extracurricular activities, prize giving and towards running the minibuses which are used for taking the pupils to sports fixtures, trips etc.
The reserves and memorial funds are shown in the attached financial statements.
The attached Statement of assets and liabilities shows the current state of the finances which the trustees consider to be sound. Balances of £172,050 (2022: £120,784) have been accumulated at 31 August 2023. This comprises £169,383 (2022: £118,117) of bank balances, the movement on which are shown within the receipts and payments account on page 6, and £2,667 (2022: £2,667) held in COIF investments.
## **Trustees’ Responsibilities**
The law applicable to charities in England and Wales required the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing those financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue to operate.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to 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’re 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.
The financial statements are prepared on a receipts and payments basis.
## **Reserves policy**
The trustees’ policy is to retain funds to meet future activities of the charity with any excess funds remitted to the School. The funds at 31 August 2023 were in excess of this level, as funds raised during the year had not yet been transferred to the School.
Charities Administered ICW LPSB **3**
**Trustees’ report** 31 August 2023
## **Declaration**
The trustees declare that they have approved the Trustees’ Report above on 27 June 2024.
**Richard Guy Trustee**
Charities Administered ICW LPSB **4**
**Independent examiner’s report** 31 August 2023
## **Independent examiner’s report to the trustees of Charities Administered ICW Langley Park School for Boys (“the Charity”)**
I report to the trustees on my examination of the accounts of the above charity (“the Charity”) for the year ended 31 August 2023.
## **Responsibilities and basis of the report**
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
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 all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts do not accord with such records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Hugh Swainson, FCA Buzzacott LLP 130 Wood Street London EC2V 6DL
27 June 2024
Charities Administered ICW LPSB **5**
## **Receipts and Payments Account** Year to 31 August 2023
|Notes|**Total**
**funds**
**2023**
**£**|Total
funds
2022
£|
|---|---|---|
|**Receipts**
Parental Contributions
Gift Aid Refund
Dividends on COIF Investments
**Payments**
Donations to Langley Park School for Boys (Non-Public
Funds)
**Surplus/(deficit) for the year**
Opening Bank Balances
**Closing Bank Balances**|**51,209**
—
**57**|49,076
—
19|
||**51,266**|49,095|
||—|70,000|
||**51,266**
**118,117**|(20,905)
139,022|
||**169,383**|118,117|
Charities Administered ICW LPSB **6**
**Statement of assets and liabilities** as at 31 August 2023
**----- Start of picture text -----**
31 August 31 August
2023 2022
£ £
Amenities Fund – Bank Balances
National Westminster Bank Plc 169,383 118,117
Memorial Funds – Investment Assets
COIF – Fixed Interest and Deposit Fund 2,667 2,667
172,050 120,784
Memorial Funds listed above consist of:
The Beckenham Secondary School Old Boy’s War Memorial
Fund 1,734 1,734
The John Pearce Memorial Fund 933 933
2,667 2,667
**----- End of picture text -----**
The financial statements on page 6 to 8 were approved by the trustees, and authorised for issue on 27 June 2024 and are signed on their behalf by:
## **Richard Guy**
## **Trustee**
Charities Administered ICW LPSB **7**
**Notes to the Financial Statements** Year to 31 August 2023
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the accounts are laid out below.
## **Basis of preparation**
These accounts have been prepared for the year to 31 August 2023 with comparative information given in respect to the year to 31 August 2022.
The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant accounting policies below or the notes to these accounts.
The charity constitutes a public benefit entity as defined by FRS 102.
The accounts are presented in sterling and are rounded to the nearest pound.
## **Basis of accounting**
The financial statements have been prepared on a receipts and payments basis.
## **Value Added Taxation**
VAT on expenditure incurred by the charity is irrecoverable. Expenditure is therefore stated in these financial statements inclusive of VAT, where applicable.
Charities Administered ICW LPSB **8**