## **Trustees’ Annual Report for the period** **From 1 April 2023 To 31 March 2024 Charity name: Highgate St Michael’s National School** ## **Charity registration number: 312451** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out 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**”). The Charity
supports the running of the School primarily
through the maintenance and improvement
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
benefit, in particular, the
activities, projects or
services identified in the
accounts.|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.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|Yes| ## **Additional information (optional)** You may choose to include further statements where relevant about: ||SORP reference| |---|---| ||Para 1.38| |Policy on grant making|| ||Para 1.38| |Policy on social investment|| |including program related|| |investment|| \\1006495 4136-1363-7976 v1 Hogan Lovells Para 1.38 Contribution made by volunteers Other ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference 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 Charity has provided some £140,473
in funds to the School in the period. This
has been spent on the following key
matters:
•
Architect fees and designs for the
Early Years refurbishment;
•
Peace garden improvements and
art installation
•
Purchase of ipads for Early Years
•
Repairs and maintenance –
including: remedial tree works;
replacement of windows in KS1;
roof repairs; drain survey and drain
repairs; repointing KS1 playground
wall
•
A payment towards the general
running of the school.
The Charity (in conjunction with the School)
initiated its long term strategic objective to
refurbish Early Years and expand the
nursery setting using some of its reserves.
Work involved the consideration of
alternative design options and the
appointment of an architect. The
development of the design and
specification of the project and application
for planning approval. The project also
includes improvements to security and
safeguarding.
.
All strategic projects are selected having
regard to the benefit that they will have for
the pupils of the School.| \\1006495 4136-1363-7976 v1 Hogan Lovells |**Additional information (optional)**
You may choose to include further statements|**Additional information (optional)**
You may choose to include further statements|where relevant about:| |---|---|---| |Achievements against
objectives set|Para 1.41|| |Performance of fundraising
activities against objectives
set|Para 1.41|| |Investment performance
against objectives|Para 1.41|| |Other||| \\1006495 4136-1363-7976 v1 Hogan Lovells ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|The Charity received income of £161,955
over the period. Income comes from 3 key
sources: parental donations; rental income
from the old caretakers house; and a
licence fee for access through the School.
It spent £162,169 over the period 1 April
2023 to 31 March 2024. The Charity held
£538,039 at the end of the period.| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|The Charity has a policy of retaining a
minimum of £100,000 in reserve funds to
ensure it has adequate ongoing funds
available.| |Amount of reserves held|Para 1.22|The Charity held £538,039 at the end of the
period.| |Reasons for holding zero
reserves|Para 1.22|N/A| |Details of fund materially in
deficit|Para 1.24|N/A| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|N/A| ## **Additional information (optional)** You may 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 1.46|| |Other||| \\1006495 4136-1363-7976 v1 Hogan Lovells ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Trust Deed| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|Trust| |Trustee selection methods
including details of any
constitutional 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 the Charity.| **Additional information (optional)** You may choose to include further statements where relevant about: |Policies and procedures
adopted for the induction
and training of trustees|Para 1.51|| |---|---|---| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|| |Relationship with any related
parties|Para 1.51|| |Other||| ## **Reference and Administrative details** |Charity name|Highgate St. Michael’s School Governors’Fund| |---|---| |Other name the charity uses|St Michael’s School Governor’s Fund| |Registered charity number|312451| |Charity’s principal address|St. Michael’s School Governors’ Fund
C/O St. Michael’s School
North Road
Highgate,
London N6 4BG| \\1006495 4136-1363-7976 v1 Hogan Lovells 1006495 4136-1363-7976 vl Hogan Lovells ## **Names of the charity trustees who manage the charity** |1
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3
4
5
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20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Cordelia Brown|Chair||| ||Olakunle Ayodeji|||| ||Stephen Bethel|||| ||Claire Southern|||| ||Angela Stathi|||| ||Valerie Doulton|||| ||Geraldine
Gallagher|||| ||Lisa McGuire|||| ||Julia Machin|||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## – Corporate trustees names of the directors at the date the report was approved **Director name** Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year** \\1006495 4136-1363-7976 v1 Hogan Lovells 1006495 4136-1363-7976 vl Hogan Lovells ## **Funds held as custodian trustees on behalf of others** Description of the assets N/A held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** |**Type of**|**Name**|**Address**| |---|---|---| |**adviser**||| **Name of chief executive or names of senior staff members (Optional information)** ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** \\1006495 4136-1363-7976 v1 Hogan Lovells ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** |**Signature(s)**
**Full name(s)**
**Position (eg Secretary,**
**Chair, etc)**
**Date**|_N Purvis_|| |---|---|---| ||Nicola Purvis|| ||
Treasurer to the Governors Fund|| ||31.01.2025|| ||31.01.2025|| \\1006495 4136-1363-7976 v1 Hogan Lovells ## **Highgate St Michael's National School** ## **Balance sheet** |**Current assets**
Central Board of Finance - cash deposit
Lloyds Bank plc current account
Accounts Receivable
**Total Current assets**
**Investments**
Central Board of Finance - Investment Fund Accum. shares
Central Board of Finance - Fixed Interest Fund Income shares
**Taxation recoverable**
In respect of donations for previous tax year(s)
**Current liabilities**
Accruals
**Total assets less liabilities ("net assets")**|31-Mar-24
31-Mar-23
£226,160
£217,710
£103,210
£112,305
£7,166
£0
£336,536
£330,015
£241,965
£215,588
£22,988
£21,928
£264,953
£237,516
£63,450
£55,416
£538,039
£512,115| |---|---| ## **Highgate St Michael's National School** ## **Income & Expenditure Account** |**Income**
Parental donations
Corporate gift matching
Other donations
Highgate School access rights
Rental income
Gift Aid tax reclaimed for previous tax year
Bank account interest income
CBF Fixed Interest Fund interest
**Total income**
**Expenditure**
Clerking
Donations to school
LDBS maintenance subscription
Maintenance and Property expenses
Bibles & books
Accounting package and Independent verification fees
EYFS refurbishment
Peace Garden improvements
Remote teaching capability
Ampitheatre development
Library improvements
Cost of renting caretakers house
Other expenses
**Total expenditure**
**Surplus/(Deficency) of income over expenditure**|**Year to**
**31st March**
**2024**
**Year to**
**31st March**
**2023**
£28,496
£40,069
£85,697
£80,697
£39,300
£22,775
-
£30,501
£153,493
£174,042
£12
£10
£8,450
£5,148
£8,462
£5,158
£161,955
£179,200
£4,550
£4,900
£26,708
£2,600
£11,435
£11,934
£26,459
£78,214
£0
£815
£227
£0
£82,378
£0
£2,552
£0
£2,376
£10,030
£0
£6,000
£0
£5,000
£5,484
£11,542
£0
£79
£162,169
£131,114
(£214)
£48,086| |---|---| ## **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||| |---|---|---|---| ||||| |**On accounts for the year**|31-03-2024|**Charity no**|312451| |**ended**||**(if any)**|| ||||| |**Set out on pages**|1 and 2||| ||(remember to include the page numbers of additional sheets)||(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 31/03/2024. **Responsibilities and** As the charity's trustees, you are responsible for the preparation of the **basis of report** 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** I have completed my examination. I confirm that no material matters have **examiner's statement** 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._ **Date:** 30/01/2025 **Signed:** ~~Sey |~~ **Name:** John Morley **Relevant professional** ACCA **qualification(s) or body (if any): Address:** 7 Hopkins Close, London N10 2PF **Oct 2018** 1 **IER** ## **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). **Give here brief details of any items that the examiner wishes to disclose** . **Oct 2018** 2 **IER**