ISLEWORTH BLUE SCHOOL EDUCATIONAL FOUNDATION ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Charity Number- 312546 HAROLD SMITH CHARTERED ACCOUNTANTS ST ASAPH & CRICCIETH
ISLEWORTH BLUE SCHOOL EDUCATIONAL CHARITY INFORMATION FOR THE YEAR ENDED 31 MARCH 2025 Charity Number 312546 Trustees Mr. D. J. Freeman Mrs. S. Woods Mrs. C. J. Pielichaty Ms. D. Sayer Mr. D. Cokayne Mr. D. Leong Mrs. F. Strongman Ms. C. Reichardt Charity Address 4 Church Street Isleworth TW7 6BH Accountants Harold Smith Unit 32 Llys Edmund Pry5 St Asaph Business Park Denbighshire LL17 OJA
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF ISLEWOTH BLUE SCHOOL EDUCATIONAL FOUNDATION (REGISTERED CHARITY NO. 312546) We report on the accounts for the year ended 31 March 2025 which comprise the statement of financial activities and balance sheet and the related notes. Respective responsibilities of trustees and examiner. The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to.. examine the accounts under sects'on 145 of the 2011 Act.. to follow the procedures laid down by the general directions given by the Charity Commission under section 145(5)(b) of the 2011 Act,. and to state whether particular matters have come to my attention. Basis of independent examiner's report Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Independent examiner's ststement In connection with our examination, no matter has come to our attention.. (1) which gives us reasonable cause to believe that in any material respect the requirements,. to keep accounting records in accordance with section 130 of the 2011 Act,. and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met", or (2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Dated .. Simon Murray-williams FCA for and on behalf of Harold Smith Chartered Accountants St. Asaph Business Park Denbighshire LL17 OJA
ISLEWORTH BLUE SCHOOL EDUCATIONAL FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 General 2025 TOTAL 2024 TOTAL note Incoming Resources Donations and legacies 140 140 215 Charitable activities 23,237 23,237 18,393 Other trading activities 90,298 90,298 94,209 Investments 60,614 60,614 54,380 Total Income 174,289 174,289 167,196 Resources Expended Charitable Activites 65,359 65,359 59,773 Other Expenditure 69,897 69,897 25,688 Governance Costs 2,978 2,978 4,234 Total Expenditure 138,234 138,234 89,695 Net Incoming/(Outgoing) Resources 36,055 36,055 77,501 Gains/(losses} on revaluation (75,5001 (75,500} Unrealised Gains/(Losses) on Investments 41,462 41,462 110,832) Net Movement In Reserves 2,017 2,017 66,669 Reserves Balance brought forward - l April 2024 3,426,880 3.426,880 3,360,211 Balance carried forward - 31 March 2025 3.428.897 3,428,897 3,426,880
ISLEWORTH BLUE SCHOOL EDUCATIONAL FOUNDATION BALANCE SHEET AS AT 31 MARCH 2025 Note 2025 2024 ASSETS: FIXED ASSETS". 2,256,429 2,331,929 CURRENT ASSETS: CAF cash account Investments at Valuation 161,994 1,011,774 129,494 970,312 1,173,768 1,099,806 CURRENT LIABILITIES: Creditors Accruals 2,371 2,484 4,855 1,300 1,300 1,172,468 1,094,951 NET ASSETS: 3,428,897 3,426,880 RESERVES Revaluation Reserve Accumulated Surpluses 715,085 2,713,812 749,123 2,677,757 Capital Carried Forward 3,428,897 3.426,880 If of the Trustees mber C(M,. ) 14. 01.1026 .Date
ISLEWORTH BLUE SCHOOL EDUCATIONAL FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 BASIS OF PREPARATION The accounts have been prepared in accordance with the Statement of Recommended Practice- Accounting and Reporting by Charities preparing their accounts in accordance wtth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 and with the Charities Art 2011. No material prior year error have been idenbfied in the reporting period13.47 FRS 102 SORP). NOTE 1 . ACCOUNTING POLICIES Recognltlon of Incomlng resources These are included in the Statement of Finanaal Activities ISOFAI when= the charity becomes entitled lo the resources- the tnjslees are virtualty rtain Ihey will receive the resouro$', and the monetsry value can be measured wth suffiuent reliability. Incoming rnsources with related expenditure Where incoming resour$ have related expendStU las wth ftjndraising or contract income) the incoming resources and related expenditure are reported gross in Ihe SOF Grants and donations Grants and donations are only included in the SOFA when the charity has unconditional entiuement lo the resources. Contractual income and pgrfomiance related grants This is only induded in the SOFA On the related goods or Servi have been delivered. Investments Investments held for the long-temi are included within current assets and are stsled al market value. The Trustee accounts for all investment income and realised gains and losses in the Ststemenl of Financial Aclivilies. Gov8mance costs Include ¢o$ts of the preparats'on and examination of statulory accounts. the costs of trustee meetings and ¢o$t of any legal advi to trustees on governan or conststutional matters. Grants with pgrformanco conditions Where the ¢harity gives a grant wth conditions for its payment being a specffic level of service or oulpul lo be provided, such grants are only recognised in the SOFA On the recipsent of the grant has provided the specified Servi or outpuL Grants payable without pertorniance conditions These are only recognised in the accounts when a commitment has been made and there are no ondilions to be mel relating lo the grant whtcti remain in the conlrol of the charty. Tangible fixed assets for use by charity Fixed assets are stated at cost. The revaluation model has been adopted for the investment propety. The revaluation was carried out on 25th January 2023. Incom9 frorn interest. royaltios and dlvldends This is included in the accounts when receipt is probable and the amount reeeivable can be measured reliably. Investment gains and losses This includes any realised or UnOI1$ed gains or k)sses on the sale of investrnents and any gain or loss resulting from revaluing invesbnents lo market value at the end of the year.
ISLEWORTH BLUE SCHOOL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 NOTE 2: ANALYSIS OF INCOMING RESOURCES General MAR 2025 MAR 2024 TOTAL TOTAL Donation and Le acies Donations 140 140 215 140 140 215 Charitsble Activities Rental Income 23,237 23,237 18,393 23,237 23,237 18,393 Other tradin activities Rental Income 90,298 90,298 94,209 90,298 90,298 94,209 Investment Income Investment Income Interest 60.308 306 60,308 306 54.092 287 60.614 60,614 54.379 Total Income 174,289 174,289 167,196
ISLEWORTH BLUE SCHOOL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 NOTE 3: ANALYSIS OF RESOURCES EXPENDED General MAR 2025 TOTAL MAR 2024 TOTAL Charitable Activities Hall Letting Expenditure Clerk's fee Hall running costs Swimming pool site rent Leases for shop Gifts Xmas party Bank charges Block grant Bibles 3,543 1,200 17,314 2,250 750 38 162 102 3,543 1.200 17,314 2,250 750 38 162 102 2,460 4,772 11,097 200 146 76 40,000 40,000 40,000 1,023 65,359 65,359 59,773 Other Ex enditure Commission Repairs cleaning etc Insurance Utilities & misc 10,466 49,482 9,949 10,466 49,482 9,949 11,305 6,756 7,627 69,897 69,897 25,688 Governance Costs Accountancy Independent examiners 1,750 1,228 1,750 1,228 1,750 2,484 2,978 2,978 4,234
ISLEWORTH BLUE SCHOOL EDUCATIONAL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 NOTE 4: TANGIBLE FIXED ASSETS Investment Property Freehold Property Total Cost At 1st April 2024 Revaluation 1,785,000 (75,5001 546,929 2,331,929 (75,500) At 31st March 2024 1,709,500 546,929 2,256,429 Depreciaion At 1st April 2024 Charge for the year At 31st March 2025 Net book value At 31 st March 2024 1,785,000 546,929 2,331,929 At 31 st March 2025 1.709,500 546.929 2,256.429 NOTE 5: RELATED PARTY TRANSACTIONS There are no related paty transactions during the year.
ISLEWORTH BLUE SCHOOL EDUCATIONAL FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 NOTE 6: REVALUATION RESERVE MAR 2025 TOTAL MAR 2024 TOTAL At l April 2023 Unrealised Gain/Loss on Investments Revaluation of Investment Property 749,123 41,462 175,500) 759.955 {10.8321 At 31 March 2024 715,085 749,123 The effective date of the revaluation on the investment property was 2nd May 2025 The valuation was carried out by independent valuer; Anthonyjames Manser. 10112 Soulh Street 1,384.500 325,000 1,709,500 1,460,000 325.000 1,785,000 Carelake¢s flat NOTE 7: ACCUMULATED SURPLUSES As at 1st April 2024 2.677.757 2,600,256 Profit/Loss for year 36,055 77,501 As at 31st March 2025 and 1st April 2024 2.713.812 2,677,757