REGISTERED COMPANY NUMBER.. 00471354 (England and Wales) REGJSTERED CHARITY IIIIMBER: 3A2526 REPORT OF THE TRUSTEES AIYD UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 FOR THE SCHOOL JO RNEY ASS CIATION C B Heslop And Company Limited Chartered Accountants l High Street Thatcham Berks RG19 3JG
THE SCHOOL JOURNEY ASSOCIATION CO1¥TEs OF THE FINANCIAL STATEMENTS for the ear ended 30 SEPTEIMBER 2U24 Page Report of the Trustees Independent Examfiner's Report stst¢ment of Financial Activities Bal4nce Sheet Cash Flow Statement Notes to the Cash Flow Statement Notes to the Financial Statement5 10 to 17 Detailed Statement of Financial Activities 18 to 19
THE SCHOOL JOURNEY ASSOCIATION REPORT OF THE TRUSTEES for the ¢ar ¢nded 30 SEPTEMBER 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial staten]ents of the charity for the year ended 30 September 2024. The truste¢s have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing th¢ir accounts in accordance with the Financial ReporEing Stsndard applicable tn the UK and Republic of Ireland {FRS 102) (effective l January 2019). OBJECTIVES AIYD ACTtVlTIES Objeetlves and aims The charity exists to promote and organise educational travel for children of school age and otlier young people both able-bodied and with disability. Nvhen children are offered the opportunity of matching the Curriculum to the real world through first hand leaming experiences, it enriches their lives, encourages personal development and helps them achieve greater sense of independence. These objects are achieved by arranging school journeys of an educational ¢hara¢ter in the UK and overseas and awarding grants or subsidies to pupils who are in need of financial assistance to enable tliem take part in such joumeys. Significant 9ctivitie$ The strategies employed to acliieve tlie Cliarity's aiins and objectives are.. To offer opportunities to a broad range of pupils to experience the advantages of educational travel. To provide fidS to assist ¢hildr¢n in n¢¢d to take part in edlicational visits. To bring promotional offers available to schools to the attention of teachers. To produce educational literature in the forni of a webpage and online brochure. The principal activity of the association throughout the year under review has been solely based on these objectives. In shaping the objectives for the year, the trustees have considered the Charity Commission's guidance on public benefit. ACHIEVEMENT AND PERFORMANCE Charitable aelivities During the 2023-24 Academic year, for a variety of reasons. we were still not back to a pre-covid landscape. The industry continues to be negatively affectrd by extemal factors- the cost of trips continues to rise as travel costs increase. diificulti¢s rernain in finding suitable and affordable accottmiodation, particularly in tlie UK,. the cost of living crisis continues as growth in the economy still awaits an upturn. Consequently, families a prioritising expenditure wilh schools being very aware fewer fainilies are willing to commit to spending on school trips, Regarding trips to continental Europe. further impact 15 anticipated with post Brexit increased Ted tape. Despite these operational difficulties, 26 school trips did take place and 43 childrett ivere given assistance with funding. SJA also maintained the £50 support for 154 children on Free School Meals. Th¢ total fanCIal support to children during 2023-24 was £13,864.00. Staff are still worktng on reduced hours, though have become increasingly busy. Although there has been an increase in the number of quotations prepared, many have not resulted in firm bookings. Staff are costing competitively buL mindthl of our charitable aims of providing fIncial support for pupils rneeting certain criteria, Irtps need to break even if we are to remain sustai1)able in our objectives. The board has looked at various marketing strategies aimed at increasing bookings buL as yet, we are not seeing corresponding upturn in business. We will continue to look carefully at value for moiiey in this area of expenditure. Fortunately, this year we have seen an increase in rentals from 50 Cavendish Road. which continues to support our ¢haritable activities. There has been an increase in our maintenance and repairs expenditure but this has been more than oftset by income. FANCIAL REVIEW Financlal position The results for the year and financial position of the Association are as showii in the annexed financial statements. Although there was a net deficit for the year, the charity has suffi¢ftent reserves, as detailed below. to allow it to continue its activities. The rental incoine l)as remained steady and is available to subsidise the support costs incurred in management and administration attributable to the tours organised by the Association. Page I
THE SCHOOL JOURNEY ASSOCIATION REPORT OF THE TRUSTEES for the ear ended 30 SEPTEMBER 2024 FINANCIAL REVtEW Investment policy and objeetives The Board has considered the most appropriate policy for investment of thnds. Now that the conversion of the Association's property has been flnalised, the rentsl income is available to subsidise support costs. The Current policy of prudent investment with availability for tUre needs continues. Reserves policy The Board has cstablished a policy for thc prudent investsnent of funds not committed or invested in tangible fixed assets. Income generated by such investment is utilised to mitigate the annual costs of governancc of the As'50ciatiDn and support and administration costs in respect of its charitable activities. The gener&] reserve currvntly stands at £1.038.624 and at thi5 level the Board feels that it can continue the activities of the charity. TÉ would be necessary to review the situation should school tr&vcl continue to decline. The rc5crve is available for use at the discretion of the trustees in furtherance ot the general objectives of tlie charity and does not contain any restricted or designated amounts. The fair value reserve of £1.487,879 relates to the valuation of property to fair value. FUTtTRE PLANS Looking to the fvture, we continue to monitor all aspects of our financial situation. We are particularly vigilant in managing OUT saving5 1 Tnve5tment accounts to ensure the best possible retums. We will continue to explore nV markeling opportunities and inv¢st timc and effort into keeping our wcbsitc current and reflective of what we. as an organisation, have to offer. With the ¢xpe¢ted gr0h and upturn in the economy we look forward to planning and delivering more trip5 and being able to Provide even more financial support for the pupi15 we are conllnitted to helping. STRUCTURE. GOVERNANCE AND MANAGEMENr Governing document The School Journey Association is govemed by its Memorandum and Articles of association and constitutes a limited coinpany, limited by guarantee. as defined by tlie Companies Act 2006. It is registered as a Charity with the Charity Commtssion number 312526. There is a Board of Management, whose members each agree to contribute £10.00 in the event of the Charity winding Recruitment and appointment of new trustees As set within the Articles of Association. the Trustees of the Association are elected on the iEcomtnendation of seiving Trustees. The Trustees are elected annually at the AGM in March and serve for a period of up to three years. The Trustees are recruited from the members of serving and retired teachers. The Board has regard to the requirements for any specialist skills needed wlien considering co-opting trustees. Organisgtional structure The activities outlined above are administered from the Association's office at Units 2&3. 16 Porteus Place. London SW4 OAS. which is staffed with tour administrative consultants and accounts personnel, who forni the paid Secretariat. The Board of Trustees, which can have up to ten members. not incliiding Co-options. adminigters the Charity. The TrustCC5 of th¥ Association arc also DircLtors of thc Cornpany and rncct rnonthly. The Secretary and the Treasurer are appointed by the Trustees to manage the day to day operdtions of the charity. At 30 SEPtcmbcT 2024. the Board of Managclnent consisted of six mCTnbEfs who were both the directors of the company and trustees of the charity. The Board is responsiblc for directing thc activities of the company as well as promoting the aims and objectives of the charity. Tnduction and training of new trustees Prospective Ncw TnteeS are briefcd on their obligations under Charitie5 and Companies tAw including the contents of thc Mcmorandutn and Articl¢s ol A550ciation. the dccision making processe8 and future business plans. Trustees are encouraged to attend appropriate external training events. Key management remuneratlon No trustee received remuneration in the year. Detalls of trth%tees' expenses reimbursed are disclosed in note 10 to the financial statements. The pay of the stsff is reviewed annually by the Board and nomially increased in line with average eaniings. All increases are agreed by the Board. Page 2
THE SCHOOL JOLfRNEY ASSOCIATION REPORT OF THE TRUSTEES foy the vear ended 30 SEPTEMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMELYr Risk management The tru5tee5 h&ve a duty to identify and review the ri5k5 to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The charity's Client safety policy and emergency procedures are reviewed annually in the light of new experiences involving risk assessments. The company adheres to the ABTA code of conduct for the travel industry and abides by the conditions applying to an ATOL licence accordin¥ to thc rules promulgatcd by the Civil Aviation Authority. The Board has conducted its own review of other major risks to which the charity is exposed and systems have been egtdblishcd Lo mitigate those risks. A specialist company has been retained to advise as and when required on matters of industrial reliilions rtgarding thc charity, employces and on health and safety requirements. Financial risk is considered to be prudently managed by thc e5tabli5hmcT]t of a rc5crvcs policy as outlined above. REFERENCE AND ADMINISTRATIVE DETAILS Registcrcd Company number 004723fj4 (England and Wales) Registered Chydrity number 312526 Registered office Units2&3 16 Porteus Place London SW4 OAS Trustees T Lee Honorary Trustee I L Morgan Honorary Secretary V Lee Honorary Treasurer I Beard Honorary Trustee C L Chalk Honorary Trustee N M Saunders Honorary Chair Company Secretary I L Morgan Independent Examiner C B Heslop And Company I.imited Chartcrcd AccouT]tants l High Street Thatrham Berks RG19 3JG Bxnkers National Westmillster Bank PIC Bloomsbury Parr's Branch 214 High Holborn LONDON WCIV7BX Solicitors VEALE WASBROUGH VIZARDS Barnards It 86 Fetter Lane LONDON EC4A IAD Page 3
THE SCHOOL JOURNEY ASSOCtATION REPORT OF THE TRUSTEES for the ear ended 30 SEPTEMBER 2024 This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies, Approved by order of the board of trustees on............................................. and signed on its behalf by: ILM gan- Secrctary Page 4
INDEPENDEIYT EK4MINER'S REPORT TO THE TRUSTEES OF THE SCHOOL JOURNEY ASSOCIATION Independen¢ examiner's report to the tnlstees of The Sehool Journey Assoeiatiott ('the Company'} report to the charity trustees on niy examination of the accounts of the Conipany for the year ended 30 September 2024. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible tor the preparation of the accounts Én accordance with the requirements of the Conipanies Act 2006 ('the 2006 Ad). Having satisfied myself that the accnunts of tlie Company are not required to be audited under Part 16 of the 2006 Act and arc cligible for iiidependent examination, I report in respect of my cxamination of your charity's accounts a5 carried out under Section 145 of the Charities Act 2011 ('the 2011 ACO, In wrying out my examination I have followed the Directions given by the Charity Commission under Section 145{5) (b) of the 201 l Act. Independent examiner's statement Since >'our charity's 055 incon]e exceeded £250.000 your examiner must be a member of a listed body. I can Gonfirni that l am qualified to undertake the examination because I am a member of the Institute of Chartered Accountsnts in England and Wales, which is one of the listed bodies. I have completed my examination. I confirnl that no matters have come to my attention in connection with the examination giving me cause to believe: accourrting records were not k¢pt in respect of the Company as required by SeGtion 386 of the ?006 Act; or the accounts do not accord with those records; or the accounts do 1lOt comply with the accounting requirements of Section 396 of the 2006 Act other than any rcquircmEnt that thc accounts give 8 truc dnd fair view which is not a tnattcr considcred as part of an independent cxamination- or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by Charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matteTS in connection with the examination to Mthich attention should be drawn in this report in order to enable a proper understsnding of the accounts to be reached. Stephen J. Coke C B Heslop Anrnd ompany Chartered Accountants l High Street Thatcham B¢rks RG19 3JG Date.. Page 5
THE SCHOOL JOURNEY ASSOCIATION STATEMENT OF FtNANCIAL ACTIVITIES INCORPORATING AN tNCOME AND EXPENDITURE ACCOUNT for the ear ended 30 SEPTEMBER 2024 30.9.24 30,9.23 Fair value reserve Unrestricted fund Total funds Total funds Notes INCOME AND ENDOWMENTS FROM Charilable activities Iiicome from tours 383.495 383.495 456,529 Other trdding activitie5 Investment income 200 50.766 68,635 68,635 Total 452,130 452,130 507,495 EXPENDITURE ON Cbaritable activities Tour and a¢¢omniodation costs Support costs Fundraising and publicity Grants to dcserving cases 331,596 133,726 5,429 13,864 331,596 133,726 5,429 13,864 388,793 110,588 2,679 14,765 TOIRI 484.615 484.615 5 l6.8?5 NET INCOME/(EXPENDITURE) (32.485) (32,485) {9.330) RECONCILIATION OF FUNDS Total fuiids brought forward 1,071,109 1.487.879 2,558.988 2.568.3 18 TOTAL FUNDS CARRIED FORWARD 1,038,624 1,487,879 2,526,503 2,558,988 CONTINUTNG OPEIi4TIONS All income and expenditure has arisen from continutng activities. The notes fomi part of these financial statements Page 6
THE SCHOOL JOURNEY ASSOCTA TION BALANCE SHEET 30 SEPTEMBER 2024 30.9.24 30.9.23 Fair value reserve Unrestricted fund Total funds Total funds Notes FIXED ASSETS Tangible assets 13 792.013 1,487,878 2,279,891 2.274,456 CURRENT ASSETS Debtors Cash at bank and in hand 14 49.810 242.017 49.810 242,017 40,364 ?86,937 291,827 291,827 327.301 CREDrroRS Amounts falling due within one year 15 (45,?16) (45,215) (42,769) NET CURRENT ASSETS 246,61 I 246,612 284,532 TOTAL ASSETS LESS CURRENT LIABILITIES 1,038,624 1,487.879 2.526,503 2,558,988 NET ASSETS 1.038,624 1,487.879 ?.526,503 2,558.988 FtJNr)s Unrestricted funds 16 2.526,503 2,558,988 TOTAL FUNDS 2.526.503 2,558,988 The charitable cornpany is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024. The members have not Tequii"ed the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordan with Section 476 of the Companics Act 2006. The trustees acknowledg¢ their responsibilities for {a) ensuring that the charitable Company keeps accounting records that cornply with Sections 386 and 387 of the Compani¢s Act 2006 and preparing financial statement5 which give a true and fair view of the state of affairs of the charitable company a5 at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which Otherryse comply with the requirements of the Companies Act 2006 rclating to financial statements, so tar as applicable to the Gharitable company. (b) Thcsc financial statements have been prepared in accordance with the provisions applicable to charitablc companies subject io the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue - knL4....... and were signed on its behalf by". on N M Saunders- Trustee The notes fomi part of these financial slatements Page 7
THE SCHOOL JOURNEY ASSOCIATION CASH FLOW STATEMENT for the ear ended 30 SEPTEMBER 2024 30.9.24 30.9.23 Notes Cash flows from operating aetivitits Cash generated from operations Finance costs paid {46,692) (34,128) (i) Net cash used in operating activities (47.084) (34.1?9) Cash flows from investing activities PurGhase of tangible fixed assets Interest received (8,000) 10,164 (622) 3,144 Net cash provided by investing activities 2,164 2,522 Chamge in cash 2nd c2sh equivalents in the reporting period Cash and cash equivalents at the beginning of the reportlng period (44,920) (31.607) 286.937 318.544 Cash and cash equivalents at the end of the reporting period 242,017 286.937 The notes fonn part of these financial statements Page 8
THE SCHOOL JOURNEY ASSOCIATION NOTES TO THE CASH FLOW STATEMENT for the 'eAr ended 30 SEPTEMBER 2024 RECONCILL4TION OF IYET EXPENIDTfuRE TO NET CASH FLOW FROM OPEIL4TING ACTIVII"IES 30.9.24 30.9.23 Net eipenditure for the reporting period (as per the Statetnent of Flnydncial Activities) Adjustments for: Depreciation charges Interest received Finance costs {In¢rease)Idecrease in debtors Increascl(dccrcasc) in creditors (32,485) (9,330) 2,565 (10,164) 392 (9,446) 2.446 3,548 {3,144) 874 (26.077) Net eash used ill operations (46,692) (34,128) ANALYSIS OF CHANGES IN NET FUNDS At 1.10.23 Cash flow At 30.9.24 Net cash Cash at bank and in hand 286,937 (44 920) 242,017 286,937 {44,920) 242,017 Total 286,937 (44,920) 242,017 The notes forn] part of these financial statements Page 9
THE SCHOOL JOURNEY ASSOCIATTON NOTES TO THE FINANCIAL STATEMENTS for the ear ended 30 SEPTEMBER 2024 STATUTORY INFORMATION The School Journey Association is a charity. liinited by guarantee, registered in England and Wales. The charity's registered number is 312526. The registered company number and registered office address can be found in the reference and administTative details in the report of the trustees. In tl)e event of the Association bein8 wound up each person, who at that lime is a member or has ceased to be a member within one year, is liable to contribute to the Association su¢h amount as the Association may require, not exceeding ten pounds. The presentation CuencY of the fiT]ancial statements is the Pound Sterling (£). ACCOUNTING POLICIES Basis of preparing the flnaneial s¢atementS The flliancial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS E02) 'A¢¢ountittg and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance wtth the Financial Reporting Standard applicable in the Uk and Republic of Ireland (FRS 102) (effective I lanuary 2015),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Compaiiies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets. llleom¢ All iiicome is recognised net of V AT in the Statement of Financial Activities once the chaTity has entitlement to the funds, it ts probable that the income will be received and the amounl can be measured reliably. Income from tour5 represent5 charges made for the Association's activities of organising educational tours. This income is deferred until such time as the tour has taken place and then recognised as income. Expenditure Liabilities are re¢ogni5ed as expenditure a5 soon as there Is a legal or ¢onstru¢tive obligation committing t]ie charity to that expenditure, it IS PTobable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure 15 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. WThere cost5 cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of r¢50urces. Tour and accommodation costs represent the direct costs of providing educational tours. Support costs represent costs incurred in respect of management and administration allocated to artivities on a basis consistent with the use of resources. Other than to award grant5 to those in need of financial assistance the oharity's principal haritable activity is to subsidise the costs of the educational tours it provides for those who parti¢ipafr. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not a¢¢rued u5 expendilure. Allocation and apportionment of costs All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly. Support costs, inrludtng wages, office expenses and governance costs are allocated on an appropriate basis as set out in note 8. Tangible fixed Assets Depreciation is provided at the following annual rates in order to wrifr off office equipment and fimiture over their estimated useful lives. The freehold property is held as investment property. Freehold and long leasehold property are carried at valuation with periodi¢ adjustments taken to fair value reserve. Both are subject to annual impairnient review. oirice equipment '. l Ofj/0 & 20Q/o on cost. Furniture, Fixtures and Fittings.. 2.50/0 & ?0% on cost TaxatiOD The Charity is exempt from rorporation tax on ils charitable activities. Page 10 ontinued...
THE SCHOOL JOURNEY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS - eontinued ror the 'ear ended 30 SEPTEMBER 2024 ACCOiJNTtNG POLICIES - eontinued Fund Aceounting Unrestricted funds can be used in accordance with the charitsble objectives at the discretion of the trust¢¢s. All thc activities of the charity fomi part of the Gcncral fund. Further explanation of the nature and purpose of each nd is included in the notes to the financial 5tatem¢nl5. Foreign currencies Assets and liabilities in foreign CUTrencies are translated inlo sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign cutrencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are tsken into account in arriving at the operating result. Creditors and provisions Creditors and provisions are recognised wthere the charity has a pr&sent obligation resulting from a past event that will probably result in thc transfer of fun¢Ls to a third party ar]d the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are nornially rccognised dL thcir scttletncnt arnount after allowing for any trade discounts due. OTHER TRADING ACTIVITIES 30.9.24 30.9.23 other income 200 INVESTMENT INCOME 30.9.24 30.9.23 Rents received Deposit account interest 58,471 10.164 47.622 3,144 68,635 50,766 INCOME FROM CHARrrABLE ACTtVITtES 30.9.24 30.9.23 Activity Income from tours Income frorn tours IncomE from tours Tncome frorn tours Tncome from tours Income from tours Income from tours tncome from tours France Homeland Activity trlps Day trips Tsle of Man Isle of Wight Spain Belgium and HollaJ)d 92,930 1 ?7.045 26,484 7.250 88,310 149,290 29,872 18,231 106,771 39.780 24,275 86,000 43,786 383.495 456,529 Page 11 continued...
THE SCHOOL JOURNEY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS - continued for the 'ear ended 30 SEPTEMBER 2024 CHARITABLE ACTivrrIES COSTS Costs for the year ended 31)th September 2024 are split as follows.. Grant funding of activities Support costs (See note 7) (See note 8) Direct costs Totals Tours and accommodation costs Support Gosts Fundraising and publicity Graiits to deserving cases 331,596 104,355 5,429 331.596 133,726 5.429 13.864 29,370 13.864 441,380 13,864 29,370 484,615 GRAKfs PAYABLE 30.9.24 Grants to deserving cases 13,864 14,765 Grants to deserving cases consists of grants made to help individual children from disadvantsged families or with special needs to participate in the tours. SUPPORT COSTS Support costs for the year ended 30th September 2024 are split a5 follows.. Costs attributable to GovernanG¢ other income costs Basis of Total apportionment Direct costs Staff costs Communications, printing, stationery and publicity 54,913 2,205 2,400 57,313 Estimated staff time 58 2,321 Estimated staff time 58 Amouirt relating to 7,226 tlats 969 9.689 Estimated staff time 900 14,871 Invoices 3,342 3,342 Governance 9,396 9,396 Govcmance 392 392 Goven)an¢¢ 956 2,564 Amount relating to f]a15, estirnakd staff time 665 26,612 Estimated staff time Property management R¢pairs and maintenance Insurances Twstee5' exp¢nses Accountancy Interest paid Depreciation 7,226 969 2.740 7.751 11,231 2,308 Cleaning and sundries 25,947 104.355 10,992 18,378 133,726 Page 12 ontinued...
THE SCHOOL JOURNEY ASSOCIATION NOTES TO THE FINANCTAL STATEMENTS - continued for the ear ended 30 SEPTEMBER 2024 NET INCOME/{EXPENDITURE) Net incomel(expenditure) is stated after chargingl(crediting)'. 30.9.24 30.9.23 Depreciation - owned assets 2,565 3,548 io. TRUSTEES, REMUNERATION AND BENEFITS There were no trusle¥s' remuneration or other benefits for the year ended 30 Scptembcr ?024 nor for the year ended 30 September 2023. Trustees, expenses Travel and other out of pocket expenses in perforniance of their duties, amounting to £3.089 (2023 - £1,688) were reimbursed to 5 (2023 - 4) members of the Board of Management. Ai. STAFF COSTS 30.9.24 30.9.23 Wages and salaries 57,313 54,598 57,313 54,598 The &verage monthly nurnber of employees during the year was as follows.. 30.9.24 30.9.23 Management and administration No employees received emolurnents in excess of £60.000. 12. COMPARATIVES FOR THE STATEMEiYf OF FINANCIAL ACTIVITIES Fair value reserve Unrestricted fund Total nds INCOME AND ET)0mENTs FROM ChariÉible activitle5 Income frorn tours 456,529 456,5?9 Other trading activitie5 Investment income 200 50,766 200 50,766 Total 507,495 507,495 EXPENDITURE ON Charitable activities Tour and a¢¢ornmodation costs Support costs Fundraising and publicity Grants to deserving cases 388,793 110,588 2,679 14.765 388.793 110,588 2,679 14,765 Total 516,825 516,825 Page 13 continued...
THE SCHOOL JOURNEY ASSOCIATION NOTES TO THE FtNANCIAL STATEMENTS - contfinued for the vear ended 30 SEPTEMBER 2024 12. COMPARATIVES FOR THE STA TEMENT OF FTNANCIAL ACTtVITIES - contlnu¢d Fair value reserve Unrestricted fid Total funds NET tNCOME/{EXPENDITURE) (9,330) (9,330) RECONCILIA TION OF FUNDS Total funds brought fonvard 1,080,439 1,487,879 2.568,318 TOTAL FUNDS CARIUED FORWARD ,071.109 1,487,879 2.558,988 13. TANGIBLE FIXED ASSETS Fixtures and fitting5 Freehold property Long leasehold Office equipment Totals COST At l October 2023 Additions 1,590,000 8,000 610,000 115,281 8,639 2,323,920 8,000 At 30 September 2024 1,598,000 610,000 115,281 8,639 2.331,920 DEPRECTATION At l October 2023 Charge for year 41,558 2,454 7,906 49.464 2,565 At 30 September 2024 44,012 8,017 52.029 NET BOOK VALUE At 30 September 2024 1,598,000 610,000 71,269 622 2.279.891 At 30 September 2023 1,590,000 610,000 73,723 733 2.274,456 Cost or valuation at 30 September 2024 is represented by.. Freehold property Long leasehold Office equipment Furniture Totsls Valuation in 2008 Valuation in 2013 Valuation in 20I7 Valuation in 2022 Cost 329,778 232,500 705,812 -60,000 389.910 329,778 232,500 705.812 197,213 857,995 257,213 352,787 8,017 115,281 1,598.000 610,000 8,017 115,981 2.3?3 ?98 If freehold propety had not been revalued it would have been included at the following historical Cost: Pagc 14 continued...
THE SCHOOL JOURNEY ASSOCL4TION NOTES TO THE FINANCIAL STA TEMENTS - continued for the ear ended 30 SEPTEIMBER 2024 13. TANGIBI.E FtXED ASSETS - continued 30.9.24 0.9.223 Cost 389.910 381,910 Freehold property was valued on an open market basis on 23 November 2021 by Kinleigh Folkard & Hayward. Tf long leasehold property had not been revalued it would have been included at the ft>llowing historical cost.. 30.9.24 30.9.23 Cost 352,787 352,787 Long leasehold property was valued on an open market basis on 10 November 2021 by Kinleigh Folkard & Hayward. These changes in value on revaluation to fair value have been credited to the fair value reserve. 14. DEBTORS: AMOUNTS FALLING DUE WJTHIN ONE YEAR 30.9.24 30.9.23 Tr&de debtOTS Other debtors VAT Prepayments and accrned income 295 13.480 13.480 8.062 28,268 ?6,589 49.810 40,364 15. CREDITORS: AMOUNTS FALLtNG DUE WTTHTh ONE YEAR 30.9.24 30.9.23 Payments re¢eived on a¢¢ount Social sccurity and other taxcs 26,114 934 29,011 399 2,472 VAT Creditors for tours & accomm Other creditors Accrued expen5e5 5,214 2,977 9,976 1,431 9,456 45,215 42.769 Payments received on account comprises amounts received for tours that are due to take place after 30th September 2024. Balance as at l October 2023 Amount released to income earned from Gharitable activities Amount deferred in year 29,011 (29,011) 26.114 Balanc¢ a5 at 30 September 2024 26,114 Pagc 15 continued...
THE SCHOOL JOURNEY ASSOCIA TION NOTES TO THE FtYL ANCIAL STA TEMENTS - continued for the ear ended 30 SEPTEMBER 2024 16. MOVEMENT Th FUNDS Net movement n ndS At 1.10.23 At 30.9.24 Unrestricted funds General fund Fair value reserve 1,071,109 1,487,879 (32,485) 1,038,624 1.487,879 2.558,988 (32,485) 2,526.503 TOTAL FtTNDS 2,558,988 (32,485) 2,5?6,503 Net movement in fLds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 452.130 (484,615) (32,485) TOTAL FUNDS 452,130 (484,615) (32.485) ComparAtiv¢s for mov¢ment in funds Net movement in fijnds At 1.10.22 At 30.9.23 Unrestricted funds General fund Fair value reserve 1,080,439 1,487,879 (9,330) 1,071,109 1,487,879 2,568,318 {9,330) 2,558,988 TOTAL FUNDS 2,568,318 (9,330) 2.558.988 Comparative net movement in fimds, included in the above are as follows: Incoming resources Resources expended Movement in fijnds Unrestricted funds G¢n¢ral fid 507.495 (516,825) (9,330) TOTAL FUNDS 507,495 (516,825) (9,3JO) Page16 continued...
THE SCHOOL JOURIYEY ASSOCL4TIOIY NOTES TO THE FINANCIAL sTATEmETs - continued for the ear ended 30 SEPTEMBER 2024 16. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined posltion is a5 follows: Net movement in funds At 1.10.22 At 30.9.24 Unrestricted funds Cyeneral fund Fair value reserve 1,080.439 1,487,879 (41.815) 1,038,624 1,487,879 2.568,318 (41.815) 2,526.503 TOTAL FUIYDS 2.568,318 (41,815) ? 5?6.503 A current year 12 months and prior year 12 months combined net movement in funds. included in the above are a5 follows.. Incoming resources Resources expended Movement in ndS Unr¢stri¢ted funds General fund 959,625 (1,001,440) (41,815) TOTAL FUNDS 959,625 (1.001,440) (41,815) All the activities of the Association fonn part of the General nd, wliich is available for use at the discretion of the trustee5 in furtherance of the general objectives of the charity. The Association is a company limited by guarantee having no share capital. In the event of the Association being wound up each person, who at that time is a member or has ceased to be a member within one year, is liable to contribut¢ to the Association such amount as the Association m&y require, not exceeding ten pounds. 17. RELATED PARTY DISCLOSURES There were no related party transartions for the year ended 30 September 2024 other than the reimbursed expenses to trustees as disclosed in the notes. Page 17
THE SCHOOL JOURNEY ASSOCIATION DETAILED STATEMENT OF FtNANCIAL ACTIVITJES for the ear ended 30 SEPTEMBER 2024 30.9.24 30.9.23 COME AND EI¥DOMqIIEIYTS Other Érading a¢tivities Other income 200 Investment income Rents received Deposit account interest 58,471 10,164 47,622 3,144 68,635 50.766 Cbaritable aetivities France Homcland ALtivity trips Day trips Igle of Man Isle of Wight Spain B¢lgium and Holland 92,930 127,045 26,484 7,250 88,310 149,290 29,872 18,231 106.771 39,780 24,275 86,000 43,786 383,495 456.529 Tot81 incoming resources 452,130 507,495 EXPENDITURE Charitable Activities Wages Rates and water Insurance Light aiid heat Telephone and postage Printing and Publicity Marketing and Websi Swidries France Spain Homeland Isle ot Man Isle of Wight Activity trips Belgium and Holland Rcnt and service charge Repairs and maintenance Bank charge5 Property management FIxteS and fittings Depn of otricc equipment Carried fonvard 57.313 6,010 14.871 3,966 1,636 685 5.429 11,053 79.682 41,372 113,539 54,598 5,032 11.008 4,159 1.521 1,902 2.679 7.941 74,439 37,956 128,284 13,856 107.262 10,344 16,652 4,069 4,588 1.079 73,302 23,701 5,369 9.689 214 7,226 2,453 iii 457,621 3,438 li I 490,918 This page does not fonn part of the statutory financial statements Page 18
THE SCHOOL JODIiNEY ASSOCIATION DETAtLED STATEMENT OF FINANCIAI. ACT[v[S for the veor ended 30 SEPTEMBER 2024 30.9.24 30.9.23 Charitable activitie5 Brought forward Graiits to deserving cases 457,621 13,864 490.918 14,765 471,485 505,683 Support ¢t8 Other Interest paid 392 Governanee eosts Accountancy and legal fees Conunittee and Officers expense 9.396 3,342 9.368 1,773 12,738 11,141 Total resources expended 484.615 516,825 Net expenditur¢ (32,485) (9,330) Thi5 page docs not form part of the statutory financial statements Page 19