| chieve | men | ts | and Per | formance | ||
|---|---|---|---|---|---|---|
| SORP reference | ||||||
| The Charity has provided some f166,786 |
||||||
| in funds to the School in the period. This |
||||||
| has been spent on the following key |
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| Summary | ofthe main | Para 1.20 | matters: | |||
| achievements | ofthe charity, | ~ new library facilities; |
||||
| identifying | the | difference the | ~ a contribution to the new running |
|||
| charity's | work | has made to | track; | |||
| the circumstances | of its | ~ enhanced outdoor facilities for the |
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| beneficiaries and |
any wider | early years; | ||||
| benefits to society as a | ~ a further 120chromebooks for 4 |
|||||
| whole. | classes and IT infrastructure | |||||
| improvements | ||||||
| ~ repairs and maintenance— |
||||||
| including: Redecoration of KS2; |
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| improvements to fire doors in KS2; |
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| upgrade of EYFS handbasins; |
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| groundworks and tarmac repairs; |
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| reflooring Y5 classrooms and |
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| ~ a payment towards the general |
||||||
| running ofthe school. |
||||||
| The above spending has been impactful |
on | |||||
| the school and the pupils. The purchase |
of | |||||
| additional Chromebooks has allowed more |
||||||
| pupils to improve their IT literacy. The new |
||||||
| library has been a very positive addition | to | |||||
| the school —allowing improved access to |
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| books and an additional learning space. |
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| Funds for improvements of outdoor spaces |
||||||
| have enhanced the children's outdoor play |
||||||
| and sports provision. | ||||||
| The Charity (in conjunction with the School) |
||||||
| has also identified a number of long term |
||||||
| strategic priorities that it will be using its |
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| reserves to fund. Specifically: |
||||||
| ~ an outdoor learning project; |
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| ~ an upgrade to science facilities; |
||||||
| ~ the provision offurther ITfacilities; |
||||||
| and | ||||||
| ~ improved school safeguarding |
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| which may involve building works. |
| inanc | ial Review |
ial Review |
ial Review |
|||||
|---|---|---|---|---|---|---|---|---|
| Review | ofthe charity's | Para 1.21 | The Charity received income of2118,352 | |||||
| financial | position | at | the end | over the period. | Income comes from 2 key | |||
| ofthe period | sources: parental | donations and a licence |
||||||
| fee for access through | the School. It spent | |||||||
| F190,193over the period 1 April 2021 to 31 |
||||||||
| March 2022. The Charity held f466,885 at |
||||||||
| the end ofthe period. | ||||||||
| Statement explaining |
the | Para 1.22 | The Charity has | a policy of retaining a |
||||
| policy for holding | reserves | minimum off100,000 |
in reserve funds to | |||||
| stating | why they | are | held | ensure it has adequate |
ongoing funds |
|||
| available. | ||||||||
| Amount | of reserves | held | Para 1.22 | The Charity held |
f466,885 at the end ofthe | |||
| period. | ||||||||
| Reasons for holding | zero | Para 1.22 | N/A | |||||
| reserves | ||||||||
| Details | of fund materially | in | Para 1.24 | N/A | ||||
| deficit | ||||||||
| Explanation of any |
Para 1.23 | N/A | ||||||
| uncertainties about |
the | |||||||
| charity | continuing | as a going | ||||||
| concern |
| The charity's principal sources offunds (including |
Para 1.47 |
|---|---|
| any fundraising) | |
| Investment policy and |
|
| objectives including any |
Para 1.46 |
| social investment policy |
|
| adopted | |
| A description ofthe principal |
Para 1.46 |
| risks facing the charity | |
| Other |
| tructure, Governance |
and Man | agement | |
|---|---|---|---|
| Description of charity's |
|||
| trusts: | |||
| Type of governing document |
Para 1.25 | Trust Deed | |
| How is the charity | Para 1.25 | Trust | |
| constituted? | |||
| Trustee selection methods | Para 1.25 | The governors | ofthe School are appointed |
| including details of any |
as trustees of | the Charity. | |
| constitutional provisions e.g. |
|||
| election to post or name of | |||
| any person or body entitled | |||
| to appoint one or more | |||
| trustees |
| Additional information (optional) |
Additional information (optional) |
||
|---|---|---|---|
| You ma choose to include furlher statements |
where relevant | about: | |
| Policies and procedures adopted for the induction |
Para 1.51 | ||
| and training oftrustees |
|||
| The charity's organisational structure and any wider |
Para 1.51 | ||
| network with which the |
|||
| charity works | |||
| Relationship with any related |
Para 1.51 | ||
| parties | |||
| Other |
| Charit | name | Hi h ate St. Michael's School |
Governors' | Fund | ||
|---|---|---|---|---|---|---|
| Other name the charit | uses | St Michael's School Governor's | Fund | |||
| Re istered charit | number | 312451 | ||||
| Charity's | principal | address | St. Michael's School Governors' | Fund | ||
| C/0 St. Michael's School | ||||||
| North Road | ||||||
| Highgate, | ||||||
| London N6 4BG |
| mes | ofthe charity trus | ofthe charity trus | tees who manage | the charity | |||
|---|---|---|---|---|---|---|---|
| Trustee name | Office (ifany) | Dates acted ifnot for whole ear |
Name to a |
ofperson (or body) entitled oint trustee ifan |
|||
| Charlotte | Allen | On and from 28 October | |||||
| 2021 | |||||||
| Olakunle | Ayodeji | On and from 28 October | |||||
| 2021 | |||||||
| Stephen | Bethel | On and from 28 October | |||||
| 2021 | |||||||
| Cordelia | Brown | Chair | On and from 28 October | ||||
| 2021 | |||||||
| Adele Burgess | On and from 28 October | ||||||
| 2021 | |||||||
| Valerie l3oulton | On and from 28 October | ||||||
| 2021 | |||||||
| Geraldine | On and from 28 October | ||||||
| Gallagher | 2021 | ||||||
| Lisa McGuire | On and from 28 October | ||||||
| 2021 | |||||||
| Alexandra | On and from 28 October | ||||||
| 9 | Economides | 2021 | |||||
| Philippou | |||||||
| Frances | Sorapure | On and from 28 October | |||||
| 10 | 2021 | ||||||
| Claire Southern | On and from 28 October | ||||||
| 2021 | |||||||
| Angela Stathi | On and from 28 October | ||||||
| 12 | 2021 | ||||||
| 13 | |||||||
| 14 | |||||||
| 15 | |||||||
| 16 | |||||||
| 17 | |||||||
| 18 | |||||||
| 19 | |||||||
| 20 |
| Year to | Year to | ||||
|---|---|---|---|---|---|
| 31st March | 31st March | ||||
| Income | 2022 | 2021 | |||
| Parental donations |
f41,760 | f62,373 | |||
| Corporate gift matching |
|||||
| Other donations Highgate School access rights |
f75,697 | f70,697 | |||
| Gift Aid tax reclaimed for previous tax |
year | f117,457 | f133,070 | ||
| Bank account interest income |
f10 | f29 | |||
| CBFFixed Interest Fund interest |
f886 f896 |
f1,437 f1,466 |
|||
| Total income | f118,353 | f134,536 | |||
| Ex enditure | |||||
| Clerking Donations to school LDBS maintenance subscription |
f11,715 f28,321 f11,691 |
f25,000 f11,705 |
|||
| Maintenance and Property expenses |
f46,845 | ||||
| Bibles K books | f815 | ||||
| Account preparation and Independent |
verification | fees | f0 | f660 | |
| EYFS Playground KS2 Playgound Remote teaching capability Wifi upgrade Library improvements Lane drainage improvements |
f4,643 f20,693 f33,512 f31,958 |
f21,175 f17,382 f72,047 |
|||
| Total expenditure | f190,193 | f147,970 | |||
| is/(Deficency) of income |
over expenditure | f71,840 | f13,434 |
| Balance sheet | |||||
|---|---|---|---|---|---|
| 31-Mar-22 | 31-Mar-21 | ||||
| Current assets | |||||
| Central Board of Finance Lloyds Bank pic current |
—cash deposit account |
2212,562 f66,248 |
f211,677 F87,338 |
||
| Accounts Receivable |
E8,961 | KO | |||
| Total Current assets | 2287,771 | f299,014 | |||
| Investments | |||||
| Central Board of Finance |
—Investment | Fund Accum. shares | f216,915 | 8194,642 | |
| Central Board of Finance |
—Fixed Interest | Fund Income shares | f23,456 | f25,341 | |
| 8240,371 | F219,983 | ||||
| Taxation recoverable | |||||
| In respect of donations | for previous tax | year(s) | |||
| Current liabilities |
|||||
| Accruals | E61,257 | 6660 | |||
| Total assets less liabilities ("n | etassets") | K466,885 | f518,337 |