Mapus-Smith & Lemmon LLP Chartered Accountants WEST NORFOLK & KINGS LYNN GIRLS' SCHOOL TRUST Registered Charity Number 311264 ## FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2025 ## WEST NORFOLK & KINGS LYNN GIRLS' SCHOOL TRUST Registered Charity Number 311264 ||CONTENTS|| |---|---|---| |||Page| |Trustees Report||1-2| |Independent Examiners|Report|3| |Income and expenditure|account|4| |Investments||5| |Balance Sheet||6| |Grants||i| |Trustees responsibilities||8| |Notes||9| ## WEST NORFOLK & KINGS LYNN GIRLS' SCHOOL TRUST Registered Charity Number 311264 ## TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 30TH JUNE 2024 The details of the charity are as follows:- |Principal address|MrsM Aldous (Clerk)| |---|---| ||Woodstock Cottage| ||2 School Lane| ||Little Dunham| ||King’s Lynn| ||Norfolk| ||PE32 2DQ| |Trustees|MrsM Taylor (Chairperson)| ||DrR Rogers (Vice Chairperson)| ||Mrs G Boon| ||CouncillorENockolds| ||Miss S$ Rawlings| ||MrsV Ling (Treasurer)| ||MrT Hodkinson| ||Rev C Williams| |Accountants|Mapus-Smith& Lemmon LLP| ||48 King Street| ||King’s Lynn| ||Norfolk| ||PE30IHE| ‘The trustees’ present their report for the financial year ended 30" June 2025. ## Structure, governance and management The charity is governed by the Schemes of 27" June 1983 and 20" January 1987. The Schemes set out the The charity is a trust consisting of 9 trustees. All trustees give their time voluntarily and received no Objectives and activities The charity’s objectives are to:- 1. Provide such special benefits of any kind not normally provided by the local education authority for any 2. Promote the cducation of girls and young women resident in the area ofbenefit, in need of financial In line with the above objectives, funds are held in a range of investments to generate income. Income generated Applications are received from girls and young women in the area in relation to their education or preparation for Any surplus funds not required remain invested to generate (further income for the charity. | ## Achievements and performance The charity made grants of £32,793 in the year compared to £34,917 in the previous year. Funds were applied for new instruments, study texts and travel in pursuit of education for 20 girls and young women in the area. ## Financial review As stated in the notes to the accounts, it is the charity's policy that unrestricted funds not committed or invested in the tangible fixed assets the charity holds (the unrestricted reserves) should be a minimum of £30,000 being one year’s anticipated expenditure. Free reserves at 30th June 2025 were £1] 61,024 (2024 £156,654), leaving an excess of £131,024 (2024 £126,654) The trustees intend to reduce this by granting higher levels of assistance where appropriate. Income from investments continues to be consistent with previous years. The charity has consistent rental income of £9,100 annually (2024 £9,100). The majority of income is applied for the purpose of making grants. A small salary is paid to the Clerk for administrative duties and any Clerk's expenses are reimbursed. No significant expenditure was incurred in the year. ## Declaration The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees:- ## Sigmature MI ssmsmnnsnnenen Chairperson ## Date (4 [acilo... Zz INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS Report to the trustees/ members of West Norfolk & King's Lynn Girls' Schools' Trust on accounts for the year ended 30" June 2025 set out on pages 4 to 9 ## Respective responsibilities of trustees and examiner The charity’s trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) It is my responsibility to: . examine the accounts under section 145 of the 2011 Act, as amended : to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) ofthe 2011 Act, and ’ to state whether particular matters have come to my attention. ## Basis of independent examiner’s statement My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair” view and the report is limited to those matters set out in the statement below. ## Independent examiner's statement In the course of my examination, no matter has come to my attention !. which gives me reasonable cause to believe that in, any material respect, the requirements: to keep accounting records in accordance with section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Mapus-Smith & Lemmon LLP Chartered Accountants 48 King Street King’s Lynn Norfolk PE30 IHE 3 ## WEST NORFOLK AND KING'S LYNN GIRLS' SCHOOLS' TRUST ## Registered Charity Number 311264 INCOME AND EXPENDITURE ACCOUNT for the Year ended 30th June 2025 |INCOME AND EXPENDITURE ACCOUNTAND EXPENDITURE ACCOUNTEXPENDITURE ACCOUNTACCOUNT
for the Year endedended 30th June 20252025|INCOME AND EXPENDITURE ACCOUNTAND EXPENDITURE ACCOUNTEXPENDITURE ACCOUNTACCOUNT
for the Year endedended 30th June 20252025|INCOME AND EXPENDITURE ACCOUNTAND EXPENDITURE ACCOUNTEXPENDITURE ACCOUNTACCOUNT
for the Year endedended 30th June 20252025| |---|---|---| |eee||| |||Unrestricted| |||Funds| |||2025| |||£| |Income|RentofQueenswayPlayingField|9,100| ||Investment Income as schedule|31,700| ||Legacy|0| ||Bank andOther Interest|1,933| |||42,733| |Expenditure|Clerk's Salary|3,923| ||Printing,Postages, Copying and Sundry Expenses|358| ||Accountancy andLegal Fees|378| ||Leaflets|0| ||Bank charges|0| ||Website andcomputer costs|512| |||5,171| |NetIncome available for distribution||37,563| |Grants approved and paid during year :-||| ||Individuals|30,793| ||Schools|2,000| |Diana BullockAwards||200| |ValerieSeamanAward||200| |Pat Robinson Bursary||~| |||33,193| |Surplus /(Deficit) foryear||4,370| |||2025| |||£| ||AccumulatedIncomebroughtforward|118,765| 4 ## WEST NORFOLK AND KING'S LYNN GIRLS' SCHOOLS' TRUST ## Registered Charity Number 311264 ## SCHEDULE OF INVESTMENTS for the Year ended 30th June 2025 ## PERMANENT ENDOWMENT |||||Income|Income|MarketValue|Value| |---|---|---|---|---|---|---|---| ||||Cost|2025|2024|2025|2024| ||||£|+|£|£|£| |18,200.00|Units|Charinco|31,846|977|1,638|26,223|26,223| |10,430.06|Units|M&G Charifund|51,105|9,491|9,022|111,601|111,601| |52,676.90|Units|Charishare|108,620|13,406|19,069|398,830|398,830| ||||191,571|23,874|29,729|536,654|536,654| |INCOMEACCUMULATIONS|||||||| |3,057.25|Income|Charities Official|||||| ||Shares|InvestmentFund(COIF)|7,000|1,821|1,782|63,261|66,283| |4,817.87|Units|Charinco|7,000|259|434|6,942|6,942| |3,333.00|Units|M&G Charifund|21,611|3,033|2,883|35,663|35,663| |10,658.44|Units|Charishare|21,615|2,713|3,858|80,698|80,698| ||||$7,226|7,826|8,957|186,564|189,586| ||||248,797|31,700|38,686|723,218|726,240| |PRIZE FUNDS|||||||| |£342.39|24% Ci|OliverJermynPrize|87|-|-|185|185| |201.23|COIFSHenry|Henry Smith Scholarship|466|-|-|3,021|3,021| ||||§53|-|-|3,206|3,206| ||||249,350|31,700|38,686|726,424|729,446| 5 ## WEST NORFOLK AND KING'S LYNN GIRLS' SCHOOLS' TRUST Registered Charity Number 311264 ## BALANCE SHEET as at 30th June 2024 **----- Start of picture text -----**
2025 2024
£ £
ASSETS
Investments as Schedule
Restricted- Permanent Endowment 191,571 191,571
Unrestricted - Income Accumulations 57,226 57,226
Prize Funds 553 553
Market Value: 2025 £ 651,007
2024 £ 729,446
Bank Balanecs 110,311 105,940
359,661 355,290
LIABILITIES
Creditors 1,528 1,528
NET FUNDS 358,133 353,763
REPRESENTED BY :-
Permanent Endowment
Ass previously reported 196,556 196,556
Prize Funds 553 553
Unrestricted Funds
Accumulated Income: To 27th June 1983 when
present scheme established 37,889 37,889
Subsequently 123,135 118,765
358,133 353,763
0
Financial Statements approved by ‘Trustees
MT Chairperson V ; \. A ; Trustee/Treasurer
**----- End of picture text -----**
6 WEST NORFOLK & KING'S LYNN GIRLS' SCHOOLS' TRUST Registered Charity Number 311264 ## STATEMENT OF TRUSTEES’ RESPONSIBILITIES Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the Charity’s financial activities during the year and of its financial position at the end of the year (unless the Charity is entitled to prepare Accounts on the alternative receipts and payments basis), In preparing financial statements giving a true and fair view, the trustecs should follow best practice and: Select suitable accounting policies and then apply them consistently: Make judgements and estimates that are reasonable and prudent; State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements: State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures 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 operation. The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the Charity and which enable them to ensure that the financial statements comply with the applicable law, regulations and Charity’s Trust Deed. They are also responsible for safeguarding the assets ofthe Charity and hence for taking responsible steps for the prevention and detection of fraud and other irregularities. 8 # WEST NORFOLK & KING'S LYNN GIRLS' SCHOOLS' TRUST Registered Charity Number 311264 # NOTES ON FINANCIAL STATEMENTS 30TH JUNE 2025 | Accounting policies. Basis of accounting. The financial statements have been prepared under the historical cost convention. 2 The trustees have established a policy whereby the unrestricted funds not committed or invested in the tangible fixed assets the charity holds (the free reserves) should be approximately twelve months of the resources expended, which equates to £30,000. At this level, the trustees feel they would be able to carry on the charity's activities in the event of a significant drop in funding. It would then be necessary to consider how funding would be replaced. At 30 June 2025 the unrestricted reserves of £161,024 (2024 £156,654) exceeds the target level by £131,024 (2024 £126,654) and the trustees intend to reduce this excess gradually through a policy of granting higher levels of assistance. This amount includes £5,000 in respect of a legacy received in 2008 as detailed below in note 3. - 3 There were no conditions attached to the legacy of £5,000. The trustees have decided that any income generated by the legacy be given as a discretionary award. 9