REGISTERED COMPANY MJMBER: 00472354 (England a#d Waks) REGISTERED CHARITY NUMBER: 312526 REPORT OF THE USTEES AND NAUDITED FINAN STAT ENTS FOR THE ENDED EPTE ER 202 FOR C B He51op knl CompaDy Limited Chartered Accountants l High Streel Thatcham RG193JG C.B. HESLOP & Co. Ltd., Ch#rt¢red Accountsnts
THE SCHOOL JOURNEY ASSOCIATION CONTENTS OF THE FINANCIAL STATEMENTS P*ge Report of the Trustees Independefftt Examlner'$ Report Statement of Flnanclal A¢tiviti Balante Sheet C#sh Flow Ststcment Notes lo Ihe Cash Flow StstemeDt Notes ¢0 ¢be Finaneial St#tem¢nts 10 to 17 Detailed S¢ateJn¢ll¢ ofFIMncl#l Activitles 18 to 19
THE SCHOOL JOURNEY ASSOCIATION REPORT OF THE TRUSTEES roT the Tar ended 30 SEPTEMBER 2025 The trustees WIK) are also dir¢¢tors of the charity for the purposes of the Companies Act 2006, present their report with the fmancial statements of the charity for the y¢aT ended 30 September 2025. Th¢ trustees have adopted the provisions of Arcounting and Reporting by Charities: Statement of Recommended Prartice applicable to chariti¢$ preparing th¢ir accounts in accordan¢¢ with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 2019). OWECTIVES AND ACTivrriES Objectives and aims The charity exists to promot¢ and organis¢ educational travel for children of school age and other young people both able-bodied and with disability. When ¢hildren are offered the opportunity of matching the currieulum to the real world through rSt hand leming experience& it enriches their liv¢5, encourages personal development and helps them achieve a greater sense of independence. These objects are achieved by arranging s¢hool joumeys of an educational character in the UK and overseas and awarding grauts OT subsidies to pupils who are in need of fmancial assistance io enable them to take part in su¢h journeys. SigDifieant aetlvltles The strategie5 employed to achieve the Charity's aims and objectives are.. To offer opportunities to a broad range of pupils to experience the advantag¢s of educationaltraY¢l. To provide fijnds to &gsÉst children in need to take part in edu¢alional visits. To bring promotional offeTS available to schools to the attention of teachers. To produce educational literahjre irt the forni of a webpage wTrd onlille brochure. The principal activity of the association throughout the year under review has been solely based on thes¢ objectives. In shaping the objectives for the year. the tteeS have consider¢d the Charity Commission's guidance on public benefit. ACHIEVEMENTS AND PERFORMANCE Charitable aelivities During the 24-25 Academic yegr. SJA contiftued to quote for and provide educational tours b¥Jt numbers of toiirs Temain r¢duced. We are working at aPPToximately 5(P/o of pre-covid Calty and this seems to be the trend going forward. There are many reasons. all out of our control. for this downturn in business that have been outlined in previows years. Unfortunat¢ly, the climate remains far from optimal. Despite these operniional diificlllties. 26 school trips did tAke place and 47 children were gtv¢n a5Si5tance with fundin& SJA also maintained the £50 support for 183 children on Free School M¢als. The total financial support to children during 2024-25 was £13,850.00. Staff continue to work reduced hours and while th¢ number ofuK and Isle of Wight tours Continue to fall, European and Overstts enqlliries have risen. Unfortunately, many schools making enquirie5 do nor proceed to make fiTh bookings. Staff have invested ti]nt in following up the reasons for thi5 r¢luctaDce to commit to a booking and usually it comes to cost. We ar¢ still pricing competitively how¢ver, of our competitors have the benefit of economies of scale or aY own their own accommodation ¢tc. which affords them the benefit of much more flexibiliry when pricing That sai(L even ihese companies w¢ feeling the negauve impact of a contracting market. We haw¢, this year. incurred a rinancial loss atier booking accommodation with one competitor which has now gone out of business. We are exploring the po&%ibility ofs¢eking some reCoMnst but are not hopeful. Sadly, this rnrn of events provides a fiwther indication ofthe way the is goin& The board h&$ invested rnore heavily this year in marketing.. we have reworded our websitc with the aim of us ore readily accessible to internet search engines and have refreshed our website. We have advertised in all th¢ usual educational magazines but fttl mosi busi$ comes our way via our website. This conclusion will illfonn our decisions regarding advertising nexi year. On a more posilive note. rentals from 50 CAvendish Road have increased. Although there has been a r¢quirement to acquire a Landlord's Ltcence for each of the flats, with the in¢vitabl¢ costs involved. and vaTiOUS maintenallce work h&8 been canied out we have still made a nei fmancial gain of £60,986.00 which has support¢d the rw]ning of the busin¢5S and has enabled us to mc¢t our charitable airn5 and objectives. Page I
THE SCHOOL JOURNEY ASSOCIATION REPORT OF THE TRUSTEES ror the ear ended 30 SEPTLMBER 2025 FINANCIAL REVIEW Financial positio The results for the year and finaneial position of the Associaiion are as shown in the annexed financial statements. Although there was a n¢t d¢ficii for the year. the chaTity ha5 sufficient reseryes, as detailed below, lo allow it io continue its activities. The rental income remained steady and is Jvailable to subsidise the support cosis ]u¢d in management and administration attributable to the tours organised by the Associalion. Investment p&lley and objectives The Board has Co11dered th¢ most appropriate policy for investment of funds. Now that the conversion of the Association's propety has been finaliscd, th¢ rental income is availabl¢ to subsidise support Co$ The CUJTent policy of pnjdent investsneni with availability for future needs continues. Reserves policy The B(wd has established & policy for the pwdent investment of funds not ¢ommitted or invested in tangible fixed assets. Income generated by such investh)ent is utilised io miti¥al¢ the annual costs of governance of the Association and support and adrninisirdtion costs in r¢5P¢Ct of its charitable adiYitie5. The gencral reserve CuentlY stand% at £1,014,428 and at thi5 level the Board feels thai it can continu¢ the activities of the charity. It would be necessary to review the situation should School travel continu¢ lo decline. The reserve is available for use at the diKtetion of the trte¢S in ftlltheran¢e of the general objediv¢s of the chariry and do¢s not contain any restricted or desigtiated atnounts. The fair value Te5etrye of £1,487.879 Telates io the valu&iion of propety io fair wdlue. FUTURE PLANS Going fonvar<L the board 15 examining our financial situation closely and careIlY consldeting 5UStainability. To that end. Truste¢s are arniing themselves with as much inforniation as possible with r¢gard io business rumiing costs and way5 to best continue to meet our Primary aim which is to provide financial support where needed to enable pupils to enjoy and benefit from th¢ adventure and life exp¢riences gained by a¢¢¢5sing learningi outside the classroom. STRUCTUR4 GOVERNANCE AND MANAGEMENT GovtniiDg document The School Journey knociation is govern¢d by its Memorandum and Article5 of association and constitutes a limited company. li]Dil¢d by guarantee. as defmed by the Companies Act 2006. It is registered as a Charity with the Charity Comrnission number 312526. There is a Board of man¢enE whose Members tsch agree to contribute £1 0.00 in the event of the Charity winding up. Ref rui¢meDt and 8ppoinlment of Dew trnstees As set wilhin the Articles of Association, the Trustees of the Association are elected on the recomrnendation of serving Tr$tees. The TnleeS are elecied annually at the AGM in March and serve for a period of up to thre¢ y¢ars. The Trustees are recrnited frorn the members of serving and retired teachers. Th¢ Board has regard to th¢ requirements for any specialist gkills needed when considering co-opting trnstees. Organisatlonal structure The activities outlined above are administered from the Association's otTice at Units 2&3, 16 Porteus Place, tK)ndo SW4 OAS, which is sraffed with tour administraiive consultants and accounts personnel, who forni the paid Secretariat. The Board of Trustces, Mthich can have up to ten members, not including Co4)ptions. administers the Charity. The Trusttts of the Association are also Directors of the Company and meet monthly. The Secretary and the Treasurer are apw)inted by the Trustees to Tnanage the day to day operations of the charity. At 30 Sepiember 2024. the Board of Management consisted of six members who were ljoth the directors of the Company and trustees of the charity. Th¢ Board is restxjnsible for directing the ac¢ivities of the company as well as promoting the aims and objectives of the charity Induetion and tr41Ding of new trn$te¢$ Prospeciive New Trusttts are briefed on their obligations under Clwities and Companie5 Law including the contents of the Memorandum and Arti¢l¢s of Association, the decision making PTo¢esses and future business plans. Trustees are enwuraged lo attend appropriate external training events. Page 2
THE SCHOOL JOURNEY ASSOCIATION REPORT OF THE TRUSTEES foy the *#r eThded 30 SEFfEMBER 2025 STRucfuRE, COVERNANCE AND MANAGEMENT Key managemenl r¢muneration No tryste¢ received remuneration in the year. DetaTls of thjstees, expenses reirnbursed are disclosed ill Dole 9 to the financial statements. The PLY of the staff is reviewed am]ually by the Board and norn)ally iDcreas¢d in line with average earnings. All increases are agreed by the Board. Risk management The trnstees have a duty to identify and review the risks to which the charity is exwsed and to ensure appropriate controls are in place to provide reasonable assurante against fraud and eOr. The charity's clienl safety tM)licy and emergency procedures are reviewed annually in th¢ light of new experiences involving risk assessments. The company adheres to the ABTA ctNJ¢ of ¢ondud for the travel industy and abides by the conditions applying to an ATOL licence according to the rul¢s promulgated by the Civil Aviation Authority. The Board has conduct¢d ils owi review of thher rnajor risks to Htiich the chariry is ¢xpos¢d and $ySten have been established to mitigate those risks. A specialist mpany has been r¢tained to advise as and when required matters of industrial relations regarding the charitys employees and on health and safety requirements. Financial risk is considered to be prudently managed by the establishment of a reseeS policy as olltlined above. REFERENCE AND ADMIMsfRATIVE DETAILS Reglstered CompAny number 00472354 IEngland and Wales) Reglstered Chsrity Duwber 312526 Registered office Units2&3 16 Porteus Place IATrndon SW4 OAS Trustees T Lee Honorary Trnstee I L Morgan Honorary Secretary V Lee Honordry Treasurer I Beard Hon(w Trust¢e C L Cha]k Honorary Thstee N M Saunders HoThirary Chair Cornpany Secretary l L Morgan IDdependertt Eiarniner C B Heslop And C(Mnp4lly Limited Chartered Arxountant5 l High Street Thatcham Berks RG19 3JG Bankers National Westminster Bank PIC Bloomsbury Parfs Branch 214 High Holborn LONDON WCIV 7BX Page 3
THE SCHOOL JOURNEY ASSOCJATION REPORT OF THE TRUSTF.ES ear ended 30 SEPTE ER 202S REFERENCE AND ADMINISTrATIVE DETAJLS Solicitors VEALE WASBROUGH VIZARDS Balllards 1] 86 Fetter Lane LONDON EC4A IAD This r¢port has b¢en prepared in accordance with the special provisions of Part 15 vf the Companies Act 2006 Telating to small compani¢s. Approved by order of th¢ board of trjstees on ............................................. and signed OD tts behalf by: lorgan. Secreta Page 4
II¥DEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SCHOOL JOURNEY ASSOCIATION Independent 1cT,5 report to the Irustees of Tht S¢bool Journey Associatlon ('tht Company,) I report ¢0 ihe charity truslees on my examination of the accounts of the Company for the year ¢nded 30 September 2025. Re5pon5ibilities #nd b#si% of report As the charitys twstees of the Company (and also its director5 for the purposes of company law) you aTe responsible for the prepardtion of the accounts in a¢cordance with the reqvirements of the Companies Act 2006 ('the 2006 Adl. Having satisfied myself that the a¢¢ount$ of the Company are not required to b¢ audited under Part 16 of the 2(M)6 Act and are eligible for independent examination, I report in respect of my examination of your clwity's a¢¢ounts as ¢WTied out under Section 145 of the Charities A¢t 2011 {'the 2011 Act,). In carrying out n]y ¢xarnination I have followed t Directions given by the Charity Cornmission under Section 145(5) (b) of the 2011 Act. Independent examiner's ststemertt Since your charitys gross income exceeded £250,000 your examiDer must be a member of a list¢d body. I can confirni that l am qualified to undertake the examination because l am a member of th¢ InSttle of Chartered Accountants in England and Wales, which is one of the listed bodies. I have comple¢ed my eXamInoll. l confm ihat no matteTS have come to my attention in cOnntIon with the examination giving me Cause io believe: accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act. or the accounts do not ¥¢(Trrd with those records" or the accounls do Dot conjply with the accoLting requirements of Section 396 of the 2006 Act other than any requiremeni thal the aceounts give a trne and faiT view which is mot a matter considered as part of att independenl examinaiion: or the accounts have not been prepared in a¢¢ordance with the methods and principles of the StatemeDt of Recommended Praciiee for a¢¢ounting and reporting by Charities (appli¢able to charities prepaTing th¢iI accounts in accordance with the Financial RertIng Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no conCS and have come acros$ no other matters in comiedion with the examination lo which attention should be drawn in tbis report in order to enable a proper undeTStanding of the accounts to be reach¢d. Stephen J. Co C B Heslop And Company Lirnit¢d CharteTed A¢countants l High Street Thatcham Berks RG193JG Date.. Page 5
THE SCHOOL JOURD4EY ASSOCIATION STA TEMENT OF FINANCIAL ACTIVITIES RATING AN IN OME AND EXPENDITURE A BER2 OUNT 30.9.25 30.9.24 Fair value reserv¢ Unre$tri¢t¢d fimd Total funds Total fimds Not¢5 INCOME AND ENDOWMENTS FROM Charitablt #ctivities Income from tours 441,650 441,650 383,495 Investment in¢om¢ 73.116 73,116 68,635 Totsl 514.766 514,766 452,130 EXPENDITURE ON Charitable aclivitres Tour and accommodation costs Support costs Fundraising and publicity Grants to deserving cases 392,121 126,997 5,994 13.850 392.121 126,997 5.994 13,850 331,596 133,726 5,429 13,864 Tolal 538,962 538.962 484.615 NET IP4COMEI{EXPENDITURE) (24.196) (24,196) {32,485) RECOIYCILIATION OF FUNDS Total funds brought forward 1.038,624 .487,879 2,526,503 2,558,988 TOTAL FUNDS CARRIED FORWARD 1,014,428 1,487,879 2,502,307 2.526.503 CONTINUING OPERATIONS All income and exp¢nd1tU has atisen from continuing activities. The notes fonn part of these financial statem¢nt$ Page 6
THE SCHOOL JOURNEY ASSOCIATION BALANCE SJIEET SEFfEMBER 2025 30.9.25 30.9.24 Fair value Unrestricted fund Total funds Total funds Notes FIXED ASSETS Tangible assets 12 789.325 1.487,878 2277203 2279.89] CURRENT ASSETS Debtors Cash at bank and ill hand 13 59,442 225,760 59,442 225,760 49.810 242,017 285202 285,202 291,827 CREDITORS Amounts falling du¢ within one year 14 (60,099) (60,098) {45215) NET CURRENT ASSETS 225.103 225,104 246,612 TOTAL ASSETS LESS CURRENT LIABILITIES ,014,428 1,487.879 2,502,307 2.526.503 NET ASSETS .014.428 1.487,879 2,502,307 2,526.503 Fuf4DS Unrestricted funds 15 2,502,307 2,526,503 TOTAL FUNDS 2.502,307 2,526,503 The charitable company 1$ entitled to exemption from audit w)d¢r Section 477 of the Comp4llie$ Act 2006 for the year ended 30 September 2025. The members have not required the wrnpany to obtain an audit of its fmancial statetnents for the year ended 30 September 2025 in accordance with Sectioll 476 of th¢ Companies Acl 2006. The tThstees acknowledge their r¢swn5ibilities for (a) ensuring that the charitable company keeps #c¢ounting records that C4)mpty with Sections 386 and 387 of the Cornpani¢s Act 2006 and preparing financial statern¢nts wbith give a trne and fair VI of the state of affairs of the charitable company as at the end of each f]nan¢ial year and of ils surplus OT deficit for each fmancial year in accordance with the requirejnents of Sections 394 and 395 and which otherwise comply with the requirements of the Companies A¢t 2006 relating to fmancial statemenw so far as applicable to the charitable company. (bl These fjnancial statem¢nts have been pretAred in accordane¢ with the provisions appli¢able to ciwitable companie5 subje¢t to the small compaDie5 regime. cial stllietnents were approved by the Board of Trustees and authoris¢d for issue . and were signed on its behalf by: on N M Saunders. Tnwe¢ The not¢s forn) part of these financial statements Pag¢ 7
THE SCHOOL JOURNEY ASSOCIATION CASH FLOW STATEMENT lor the ear ended 30 SEPTEMBER 2025 30.9.25 30.9.24 Notes CAsh flows from operating aetivitie Cash generated from operatllm5 Finance costs paid (28,387) (46,692) (392) Net cash used in operating activitie5 (28J87) (47,084) Cash nows from investlng actlvltl¢s Purchase of tangible fL¥ed ass¢ts Interest received (8,OOOJ 10,164 12.130 Net cash provided by investing activities 12,130 2.164 ChIge in cash and cash equlvalents i the reporting period Cash cash equlvaknt$ At the beglnnlng of the reporting perlod {16,257) (44.920) 242,017 286.937 Cash and 5h equivaknts at the end of tbe reporting perlod 225,760 242,017 Th¢ notes forni part of these fillancial statements Page 8
THE SCHOOL JOURNEY ASSOCIATION NOTES TO THE CASH FLOW ST ATEMENT for th¢ tar ended 30 SEPTEMBER 2025 RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING AcllvITIES 30.9.25 30.9.24 Net pendIture for Ihe reportiDg period (as per the Statement ol Financial A¢tivities) djustments for: Depreciation ¢h¥rg¢5 Enterest received Finance costs Increa5¢ in debtors Increase in creditors (24,196) (32.485) 2.688 (12,130) 2.565 (10,164) 392 (9,446) 2,446 (9,632) 14,883 Net ¢ash Msed In operali•n5 (28,387) (46,692} ANALYSIS OF CHANGES IN NET FUNDS At 1.10.24 Cath flow At 30.9.25 Net cash Cash at bomk and in hand 242,017 (16,257) 225.760 242,017 (16,257) 225,760 Tolal 242,017 (16,257) 225,700 The notes forni part of these finan¢ial statements Page 9
THE SCHOOL JOURNEY ASSOCIATION NOTES TO THE FINANCIAL sTATEMErs for the ar ended 30 SEPTEMBER 2025 STATUTORY INFORMATION The School Journey Association is a charity. limited by guarantee, regisiered in England and Wales. Th¢ tharity's registered number is 312526. The registered company number and registered oifice address can be found in the Teference and athninistrative details in the Teport of the tjustees. In the event of the Associatii)n being wowid up each person. who ai that time 15 a member or has ce&%ed to be a member within one y¢ar> IS liable to contribute to the A$50cialion such amount as the Association may require, not exceeding ten wunds. The presentstion currency of the financial statements is the Pound Sterling (£). ACCOUNTING POLICIFS Basls of prepariDg the fJnnei#l 5tatem¢Dt Th¢ financial StateentS of the charitable company, whi¢h is a public benefii entity LmdeT FRS 102, have been prepared in aordanCe with the Charilies SORP (FRS 102) 'Accouniin¥ and Reporting by Charities.. Siat¢m¢nt of lirfommended Practice applicable to charities preparing their ac¢ount5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Irelamd (FRS 102) (effedive l January 2015),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of tr¢land' and the Companies A¢t 2006. The fjnancial statements have been prepared under the higtorical cost convention as mcdifi¢d by the revaluation of certain assets. lThcome All income ts recognised net of VAT in the Siatemenl of Financial Activitie5 once the ¢harity has entitlement to Ihe fuTKis. it is probable that the income will be received amd the amount can be measured reliably. Incoine from Iours represents ¢harge$ made for the Association's activities of organising educational tour5. This income is defe¢0 uniil such tin]e &$ the tour has taken plac¢ and then recognised as illwm¢. Expendtture Liabilities aTe recognised as exljd11ur¢ as soon as there is a legal or constTUCtive obligation wmmitting the charity to that expendItLe, it is probable tbat a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expendilure is a¢Unted for on an accruals bagis and has be£n classified under beadings that aggregate all cost relat¢d to the ¢aiegory. Where COSLS ca]]no¢ directly attributed to particular headings they have been allotea to a¢tivities on a b&8is consistent the use of Tow and accommodation wsts represent the direct costs of providing educarional iours. Support cost5 represent costs iDcurr¢d ITh resPt ofmanagement and athninistration allocated io activities on a basis consiment with the U5¢ of resources. Other than to award grnnts to those in need of financial assistance the charitys principal haritable aclivity is to subs'idis¢ the costs of the educational tours it provides forthose who parti¢ipate. Grant$ offered subject 10 condiiions whi¢h have noi been met at the year end date are noted as a commitillent bllt not accrued as expendiiure. Allocatkjn 4nd apportionmenl ofeosts All costs are allocated between the expenditure &itegwies of the SOFA on a basis designed to r¢flect the use of the resource. Costs relating to & particular activiry are allOced directly. Support Costs, including wages, office expenses and governance costs are allOted on an appropriate basis as set out in note 8. Tanglble flxed Depreciation is provided at the following annual rates in order to WTit¢ off office equipment and fiwniture oyer their estimated useful livcy. The freehold property is held as investment property. Freehold and long leasehold pn)perty are carried at valuation with periodic adjustments taken to fair value reserve. Both are subject to annual impainn¢nt T¢view. Office equipment . I on cost. Furniture, Fixtures and Fittings.. 2.SO/ & 20Y• on cost Taxation The charity is exempt frorn ¢oFporation tax on lis ¢hariiable activities. Page 10 continued...
THE SCHOOL JOURNEY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS- eollliDlled for the ear ended 30 SEwfEMBER 2025 ACCOUNTING POLICIES- ¢onllnued FuDd *¢¢ountlng Unrestricted fijnds can b¢ used in accordance with the charitable objectives at th¢ discretion of the trustees. All the a¢tiviti¢s of the chaxity forni part of ihe General fund. Further explanation of the nature and plle of each fund is included in the notes lo the f]nancial statetnents. Forelgn Currencie5 Assets and liabilities in foreign currencies are translated illto sterling at the rates of ¢xrhaDge ruling at ihe balance sheet dat¢. Transactions in foreign currenci¢s are translated into sterling at the rate of exchange ruling al the date of tromsacti¢)n. Exchange diffeTences are tsken Ènto account in a1ving at the opernting r¢sult. Creditor5 provisions Cr¢ditiJrs and provisions are recognised where the charity has a present obligation resuliing frorn a past event that will probably result in the transfer of ndS to a third party and the amount due to settle the obligation can be measurod or estimated reliably. Creditors and provisions are nonnally recognised ot ¢h¢ir settlement amowit after allowing for any trade discounts due. INVEsfMENT INCOME 30.9.25 30.9.24 Rents received Deposit a¢count interest 60,986 12,130 58,471 10.164 73,116 68,635 INCOME FROM CHARITABLE ACTIVITIES 30.9.25 30.9.24 Activity Income from tours Income from tours Inrom¢ from tours Income from tours Income from tours In¢om¢ from tours Jllcome from tours FTwir Homeland Activity trips Day trips Isle of Wight Spain Jtaly 140,510 153,964 518 92,930 127,IM5 26.484 7,250 86,000 43.786 83.164 47,976 15,518 441,650 383.495 Page 11 continued...
THE SCHOOL JOURNEY ASSOCIATION NOTES TO THF. FINANCIAL STATEMENTS- coThlinued for the ear emded 30 SF.PTEMBER 2025 CHARITABLE A1vITIEs COSTS Costs for the year ended 30th September 2025 are sp]it as follows.. Grant funding of activities Support ¢osts (See no¢¢ 6) (See note 7) Ditect costs TotAIs Tours and a¢conllnodation costs Support costs Fundraising and publicity Grants lo deserving cws 392.121 91.571 5.994 392.121 126,997 5.994 13.850 35,426 13.850 489.686 13.850 35,426 538,962 GRANTS PAYABI 30.9.25 30.924 Grants to d¢rVing cases 13,850 13,864 Grdnts to deserving cases consists of gran15 made to help individual ehildren from disadvantaged families or with special needs to participate in the tours. SUPPORT COSTS Supp¢)rt costs ftir the year ended 30th S¢ptemb¢r 2025 are split as follows: Co$ts attributable to Governance other income osts Basis of Totsl apwrtiomnent Direct costs Staff costs Communications. printing. stationery and publicity 56269 2,382 2,41)0 58.669 Estimated staff time 63 2,508 Esiimated staff time 63 Amount relating to 11.708 fiats 619 6,186 Estimaied staff lime 900 12,289 Invoic 3,631 3,631 Govemancc 9,777 9,777 Gov¢rnan¢¢ Gov¢mance 2.688 Amount relating to flats, eglimat¢d staff time 489 19.541 Esti]nated staff time Propety management Repairs and miintenance InsUraceS Trustees, expenses Accountancy Inieresi paid D¢prlai10n 11,708 619 4,8118 4,948 6,501 2,419 269 Cleaning and sundries 19,052 91.571 17278 18.148 126.997 Pag¢ 12 continued...
THE SCHOOL JOURNEY ASSOCIATION NOTES TO THE FINANCIAL ST ATF.MENTS- Contined for the ear ended 30 SEPTEMBER 2025 IYET INCOMEI(EXPENDITURE) Net incom&(expenditure) is stated after charging(crediting).' 30.9.25 30.9.24 Depreciation- ovm¢d us¢ls 2,688 2,565 TRUSTELS, REMUNERATION AND BENEFITS There were no trusl¢es' remuneration or other benefits for the year ended 30 September 2025 nor for the ye ended 30 September 2024. Tru5tees' expenses Trdvel and other out of pocket expenses in p¢rftsnDance of their duties, amounting to £3.355 (2024 - £3,089) were reimbursed to 5 (2024 - 5) m•nbers of the Board of Manasement. io. STAFF COSTS 30.9.25 30.9.24 Wages and 5alaTi¢S 58,669 57,313 58,669 57,313 Th¢ av¢rage monthty number of employees during ihe year was as follows: 30.9.25 30.9.24 Managem¢nt administration No eEnployees received emolunwits in excess of£60,(KJO. ii. COMPARATIVES FOR THE SFATEMENT OF Fif4ANCIAL ACTIVITIFS UnreslTiCted nd value Total fund5 INCOME AND ENDOWMEKfs FROM Charitabl¢ activities Inwme froin tours 383.495 383.495 Investrnent inwme 68.635 68,635 Totsl 452,130 452,130 EXPENDITURE ON Charitable aetivities Tour and accornmodation costs Support costs Fundraising and publicity Grdnts to deserving c>s 331,596 133,720 5.429 13,864 331,596 133,726 5.429 13,864 Total 484,615 484.615 Page 13 continued...
THE SCHOOL JOURNEY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS- co for the 'ear ended 30 SEPTEMBER 2025 ii. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfIviTIES- eontlnued Fair value reserve Unrestricted fund Total funds NET INCOME/{EXPENDITURE) (32,485} (32,485) RECONCILIATION OF FUNDS Tothl fvnds broughi forward 1.071,109 1,487,879 2,558,988 TOTAL FUNDS CARRtED FORWARD .038.624 1,487,879 2,526.503 11 TANGIBLE FIXED ASSETS Fixtures and fjttings Freehold Long le&sehold oirice equipmen¢ Totals COST At l October 2024 and 30 September 2025 1,598,000 610.000 115281 ,639 2.331,920 DEPRECIATION At l October 2024 Charge for year 44,012 2,453 8,017 235 52,029 2,688 At 30 septernr 2025 46,465 8.252 54,717 NET BOOK VALUE At 30 September 2025 1,598,(M)O 610,000 68,816 387 2277,203 At 30 septeMr 2024 1,598,000 610,000 71,269 622 2279,891 Cost or valuation at 30 September 2025 is represented by.. Freehold prope Long leas¢hold Office equipment Fumviure Totals Valuation in 21N)8 Valuation in 2013 Valuation in 2017 V#lualion in 2022 Cost 329,778 232.500 705,812 410,000 389,910 329,778 232,500 705,812 197.21i 866,017 257.213 352,787 8,639 115,281 1,598,000 610.0(X) 8,639 1 15.281 2,33 1,920 If freehold propety had not been revalued it would have beeu included at the following historical rost.. 30.9.25 30.9.24 Cost 389,910 389,910 Freehold property was valued on An open maTk¢t basi5 on 23 Novemkr 2021 by Kinleigh Fo]kard & HaywaTd. Pag¢ 14 conlithued..
THE SCHOOL JOURNEY A&SOCIATION TrIOTES TO THE FINANCIAL STATEMENTS- coMtiRued for the ear ended 30 SEPTEMBER 2025 12. TANGIBLE FIXED ASSETS- eontinued If long l¢asehold propety had not been revalued it would have been in¢luded * the following historical Co,. 30.9.25 30.9.24 Cost 352,787 352,787 Long leasehold property was valued on an open m4Tket basi5 on 10 November 2021 by Kinleigh Fo]kard & Hayward. Thesc ¢hang¢s in value on revaluaiion to fair value have been credited io the fair value reserve. 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.9.25 30.9.24 Trade debtOTS Other debtors VAT PrepayTnellts and accrued income 12,200 13.680 3,370 30,192 13,480 8,062 28,268 59,442 49,810 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.9.25 30.9.24 Pa)ryn¢nts received on account Social security and othct taxes Creditors for lours & acconun Other creditors Accnjed expenses 33,8(N) 649 10,822 4,845 9,982 26,114 934 5.214 2,977 9,976 60,098 45,215 Payments received on account comprise5 amounts received for lours that are due to take place afier 30th September 2025. Balance as at l Oc(ober 2024 ILmount released to in¢ome earned from charitable &ctiVilies Amount deferred in year 26.114 (26,114} 33,800 Balance as at 30 SeptemF*r 2025 33,800 Pag¢ 15 continued...
THE SCHOOL JOURNEY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS- eontlthued for the 'ear ended 30 SEpfEMBER 2025 15. MOVEMENT IN FUNDS At 1.10.24 movement in funds At 30.9.25 Unrestricted funds General fimd Fair value resuve 1,038,624 1,487,879 (24.196) 1.014.428 ,487.879 2.526,503 (24.196) 2,502,307 TOTAL FUNDS 2.526,503 (24,196) 2,502,307 N¢t movement in funds, included in the above are as follows.. Incoming resources Resou¢8 expended Movemeni in funds Unrestricted funds General fund 514,766 (538,962) (24,196) TOTAL FUIYDS 514.766 {538.962) {24.196) Comparntivey for moven)¢nt funds Net movemem in funds At .10.23 At 30.9.24 Unrestricted funds General fvnd Fair value reserve ,071,109 ,487.879 {32,485) 1.038,624 1,487,879 2,558,988 (32.485) 2.526,503 TOTAL FUNDS 2.558.988 (32,485) 2.526,503 Compardtiv¢ net movemenl in included in the above are as follows: Jncoming resources ResouTces expended Movement in filnds Unrestricted funds General nd 452,130 {484,615} (32.485) TOTAL FUNDS 452,130 (484,615) (32,485) Page 16 Continued...
THE SCHOOL JOURNEY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS- eon EMBER 2 25 iffiueij MOVEMENT IN FUNDS- eon¢lDued A cwrenl year 12 months and prior y¢ar12 months combined position is as follows.. Net movement in funds Ai 1.10.23 At 30.9.25 Unrestrieted fuDd5 Genernl fund Fair vale reserve 1,071,109 1,487,879 (56,681) 1,014,428 1,487,879 2,558,988 (56.681) 2.502.307 TOTAL FUNDS 2,558.988 (56.681) 2.502,307 A current year 12 months and prior year 12 months combined nei movern¢nt in funds, included in th¢ above are as follows: Incoming resources Resources exnded Movement tn funds Unrestrleted General fvnd 966,896 (1.023.577) 156,681} TOTAL FUNDS 966,896 (1,023,577) (56.681 } All the activities of the Association forni part of the General whith is available for us¢ at the dixreiion of the tnjstees in furtherance of the general objectives of the charity. The Association is a company limited by guarante¢ having no share captlal. In the evenl of the Association being wound up each person, wbo at that tirne is a member or has ¢e&sed to be a member within one y¢aT, is liable to contribute to the Association such amouAt as th¢ Association may require. not exceedin¥ ten pounds. 16. RFLATED PARTY DISCLOSURES There were no related party transa¢tioJ]5 for the year ended 30 Sept¢rnb¢r 2025 other than the reimbursed expenses to trustces as di5¢1osed in the notes. Page 17
THE SCHOOL JOURNEY ASSOCIATION TAILED STATEMENT OF FINANCIAL ACTIVITIES 'e EP 30.9.25 30.9.24 INCOME AND ENDOWMEJ¥TS Investment iD¢Om¢ R¢Dts r¢¢¢ived Deposit account interest 60,986 12,130 58,471 10,164 73,116 68,635 Chgritable activities France Homeland Actlvity trips Day trips Isle of Wight Spain lialy 140,510 153,964 518 92,930 127,045 26,484 7,250 86,000 43,786 83,164 47,976 15,518 441,650 383,495 Totsl incoming re50wrc¢s 514.766 452.130 EXPENDITURE Ch#r5t¥ble 4¢tivities Wages Rates and waier IDsurance Light and heal Telephone and stAge Printlng and Publicity MgTketing aT Website Sundries France Spain Itaty Homeland Isle of Wighi A¢tivity trips Rent rthd servi¢e ¢harge R¢paiTS and maintenance Bank charges Property management Fixthres and fittings Depn of office equipment Grants to de5eEving ¢ases 58.669 3,619 12.289 1,574 1,684 824 5,994 9,671 116,997 29.625 13,086 149,761 72,438 10,214 4,473 6.186 204 11,708 2,453 235 13,850 57J13 6,010 14,871 3,966 1,636 685 5,429 11.053 79.682 41.372 113,539 73J02 23,701 5,369 9,689 214 7.226 2.453 13,864 525,554 471.485 Support costs This page does not forn) part of the statutory fm2n¢ial stalements Page 18
THE SCHOOL JOURNF.Y ASSOCIATION DETAILED TATEMEiYT OF FINANCIAL ACTIVITIES ror the e#r en O SEPTEMBER 2025 30.9.25 30.9.24 Svppctyrt eosts Other Interest paid 392 Goyernance costs Accountancy and legal fees Committee and oificers expense 9,777 3.631 9,396 3,342 13,408 12,738 Total resouwes expended 538,962 484.615 Net txpenditure {24,196) (32,485) This page does not fom part of the statutory financial statem¢nts Page 19