2021-03-31-accounts - Highgate St Michael's National School

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CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 1 April 2020 To31 March 2021 Charity name: Highgate St Michael's National School Charity ragistration number: 312451 Objectives and Activities SORP reference Summary of the purposes of the charity as set OLrt in its governing document Para 1.17 The objects of the Charity are to advance education by raising monies for St Michael's Church of England School, Highgate, N6 (the'school'l. The Charity SUPPOrts the running of the School primarily through the maintenance and improvem8nt of the fabric of the buildings, grounds and infrastructure, with a second object to support general School life. Summary of the main activities in relation to those purposes for the public benefrt. in particular, the activities, projects or services identified in the accounts. Statement confirming whether the trustees have had regard to the guidan issued by the Charity Commission on public b8nefrt Para 1.17 and 1.19 The Charity has provided funds to the School throughout the period to support projects and activities within the School (see below for additional details). All of the funds have advanced education and the trustees are satisfied that the public benefit requirements have been satisfied. Yes PaTa1.18 Additional information (optional) You ma choose to include further statements where relevant about: SORP referen Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38

Contribution made by volunteers other Achievements and Performance SORP referen( The Charity has provided some £135,605 in funds to the School in the period. This has beèn spent on the following key matters.. The improvement lo the drainage and civil engineering along the lane The purchase of chromebooks and associated costs to improve the remole teaching capability through the covid pandemic Upgrade of wifi network, new installation points and improvement of coverage., Provision of preliminary funding for the new library project. Summary ofthe main achievements of the charity, identifying the differenGe the charity's work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. Para 1.20 The above spending has been impactful on Ihe school and the pupils. The purchase of Chromebooks allowed the school to provide enhanced online learning during the pandemic. This combined with the improvements to the school's IT infraslruclure has also allowed better IT teaching within the school now pupils have returned, The new library has allowed improved access to books and allowed pupils access to an additional space lo learn and explore new ideas. The Charty lin conjunction with the School) has also identified a number of long tem strategic priorities that it will be using its reserves lo fund. Specrfically-. an outdoor learning project., the provision of enhanced IT facilities., upJrading ofthe earfy years playground facilities., and improved school safeguarding which may involve building works. All strategic projects are selected having regard lo the benefit that they will have for the ils of the School.

Additional information (optional) You ma choose to include further statements where relevant about.. Achievements against objecttves set Para 1.41 Performance offundraising activities against objectives set Para 1.41 Investment performan against objectives Para 1.41 Other

Financial Review Review of the charity's financial position at the end of the period Para 1.21 The Charity received income of £134,536 over the period. Income comes from 2 key sources.. parental donations and a licence fee for aC$S through the School.11 spent £147,969 over the period 1 April 2020 to 31 March 2021. The Charity held £518,337 at the end of the eriod. The Charity has a policy of retaining a minimum of £100,000 in reserve funds to ensure it has adequate ongoing funds available. The Charity held £518.337 at the end of the eriDd. statement explaining the policy for holding reserves Stating why they are held Para 1.22 Amount of reserves held Para 1.22 Reasons for holding zero reseNes Details of fund materially in deficit Explanation of any uncertainties about the charity continuing as a going concem Para 1.22 NIA Para 1.24 NIA Para 1.23 NIA Additional infom)ation (optionall You ma choose to include further statements where relevant about: The charity's principal sources of funds (including any fundraising) Para 1.47 Investment policy and objectives including any social investment policy adopted Para 1.46 A description of the principal risks facing the charity Para 1.48 Other

Structure, Governance and Management Description of chartty's trusts.. Type of goveming document Para 1.25 Trust Deed How is the charity constiluled? Par8 1.25 Trust Trustee selection methods including details of any onstitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees Para 1.25 The governors of the School are appointed as trustees of Ihe Charity. Additional infomiation (optional) You ma choose to include further statemenls where relevant about.. Po5icies and procedures adopted for the induction and training of trustees Paro 1.51 The charity's organisational structure and any wider neOrk with which the charity works Para 1.51 Relationship with any related parties Para 1.51 Other Reference and Administrative details Charit name Other name the Gharit uses istered charit number Charity's principal address h ate St. Michael's School Governors, Fund st Michael's School Governor's Fund 312451 St. Michael's School Governors, Fund CIO St. Michael's School North Road Highgate, London N6 4BG

Names of the charity trustees who manage the charity Dates a¢tsd if not for whol• ear Tru$t¢• namg Offlce lif any} Nama of person lor body) entllled oint trustee ifan Mark Dailey Up to and including 28 October 2021 Adam Garfunkel Up to and including 29 October 2021 Jonathan Murphy Up lo and including 29 October 2021 Adam Zombory- Moldovan Up to and including 29 October 2021 Charlotte Allen On and from 29 October 2021 Olakunle Ayodeji On and from 29 October 2021 Stephen Bethel On and from 29 October 2021 Cordelia Brown On and from 29 October 2021 Adele Burgess On and from 29 October 2021 10 Valerie Doulton On and from 29 October 2021 Geraldine Gallagher Lisa McGuire On and from 29 October 2021 12 On and from 29 October 2021 Alexandra Economides Philippou Frances Sorapure On and from 29 October 2021 13 14 On and from 29 October 2021 CSaire Southem On and from 29 October 2021 16 Angela Stathi On and from 29 October 2021 17 18 19 20 Cor orate trustees- names of the directors at the date the re Drr•ctor nam• ortwasa roved

Name of trustees holding title to property belonging to the Charity Datss acted If not for whol• Trustee name ar

Funds held as custodian trustees on behalf of others Description of the assets NIA held in this capacity Name and objects of the charity on whose behalfthe assets are held and how this falls within the Gustodian charity's objects Details of arrangements for safe custody and segregation of such assets from the charity's own ass8ts Additional infonnation (optional) Names and addresses of advisers {Optional infom)ation) Type of Name Address adviser Name of chief executive or names of senior stsff members {Optional information Exemptions from disclosure Reason for non-disclosure of ke ersonnel details Other o tional information

Declarations The trustees declar8 that they have approved the trustees, rèport above. Slgned on behalf of the charity's trustees Signature{sl Full name(s} Posltlon leg Secretary, Chair, etc) Nicola Purvis Treasurer to the Governor's fund Date 20" January 2022

Highgate St Michael's National School Income & Expenditure Account Yearto 31st March 2021 Ygar to 31st March 2020 Income Parental donations Corporate gift matching Other donations Highgate School access Tights Gift Aid tax reclaimed for previous tax year £62,373 £56,494 £70,697 £65,697 £133 070 £122 191 Bank account interest income CBF Fixed Interest Fund interest £29 £1,437 £146 £2,571 Total income £134,536 £124,908 enditure Donations to school LDBS maintenance subscription Maintenance and Property expenses Bibles & books Account preparation and Independent verification fee5 KSI Playground and Mural KS2 Playgound Remote teaching capability Wifi upgrade Lane drainage improvements £25,000 £11,705 £69,917 £11,881 £3,556 £815 £1,320 £9,398 £10,370 £660 £21.175 £17,382 £72,047 £147,970 Totsl expenditure £107,257 Surplusl{Deficencyl of income over expenditure (£13,434) £17,651 L i 2KJ(IlzL

Highgate St Michael's National School Balance sheet 31-Mar-21 31-Mar-20 Current assets Central Board of Flnance - cash deposit Lloyds Bank plc current account £211,677 £87 338 £299 014 £210,239 EIOI 548 £311 787 Invosbnents Central Board of Finance Investment Fund Accum. shares Central Board of Finance - Fixed Interest Fund Income shares £194,642 £25 341 £219,983 £156,493 £25,652 £182,145 Taxation recovèrablè In respett of donations for previous tax year(s) Current liabilities Accruals £660 Total assets less liabilitie51.not assots") £518,337 £493,932

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ members of

Charity Name

Highgate St Michael’s National School

31-03-2021 On accounts for the year ended

Charity 312451 no (if any)

Set out on pages 1 and 2

(remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2021.

Responsibilities and basis of 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 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)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the

examination which gives me cause to believe that in, any material respect:

the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.

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.

Please delete the words in the brackets if they do not apply.

Signed:

Date: 30/01/2022

Oct 2018

IER

Name: John Morley

Relevant ACCA professional Registration No.: 2186499 qualification(s) or body (if any):

Address: 93 Thornaby Gardens, London N18 2AU

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Oct 2018

IER

Give here brief details of any items that the examiner wishes to disclose .

Oct 2018

IER