SARAH BONNELL
FOUNDATION
REPORT AND FINANCIAL
STATEMENTS
YEAR ENDED 31" MARCH 2024
CharityNo. 312659

Contents
List of Trustees and Advise
Generat Power and Application of Income
Review of Progress and Achievenrnts
Su[nM￿FlnallC1al Review
Independent EJt2miner's Report
Ar￿Ual accounts
7-12

TRUSTEES AND ADVISERS
The names of att the chajityuustees Trdo have acted dwing the cout5e of the financial year ended
31,, March 2024 include:
Nominative Governors by the LA
Cllr W Vaughan
Rev A Easter
Nominative Govetnors by Parish ofAll Saints, West Ham
N. Pre510n
C Alleyne
Co-optative Governors
Ms D Nadanasiv2n
Mr I.Catnpbell
Mr B Rumanba
Ms N Noorani
s T Higgi
Ms J CaTneron
Contact Name and Addtess for the Charity
Ms S2r2h Beaumont
Head of GovernJllce Services
Newhatn Partnership Working
Francis House
760 BJJlang Road
Plaistow
London E13 9PJ
Independent Examinet
Anthony Epton BA FCA cfA FaE
Goldwins Litnited
75 M2yErove Road
West HJnyste2d
London
NW6 2EG
Bankers
The G).opetxtive Bank
l Balloon Street
Manchester
M60 IGP

Annual Report for the year ended 31¥t March 2024
Sarah Bonnell Foundation is regutated by a scheme nude by the Board of Education on the 26
October 1909, as altered by schemes made bythe said B0￿d on the 23 August 1912 and 3 m￿th
1992 2nd as affected by Atticles of Govemmeni made by the Minisrer of Education on the 17
June 1948" alld in rhe matter of the Chantie5 Act 1960. The Foundaiion is a registered ch￿]ry,
No.312659
General PoTver to make reguJAttons
Within the limits prescribed by the scheme, the Governo￿ shall have full power from time to
titne to make regulations for the management of the Charity 2nd for the conduct of their
business including the summoning of meetings, the appointment of 2 clerL rhe deposit of money
at a proper bgJ]k and the cusiody of documenrs.
Expenses of management
The Governots sh2ll fI￿t defray out of the income of the Ch￿]ry all proper costs, Cha￿e5 2nd
expenses of 2nd incidenral 10 The admitustrdiion and managemenr of the chariry.
Application of income:
l) Subject EO payment of the expenses aforesaid, the Governors shall apply the income of the
charity in either of the following waiE'
a) In promoting education (including social and phisical trainiT@ of girls under the age of 25
tho are resident in the London Borolgh of Newham and the neighbourhood thereof
with preference for those are resident in rhe area of the fonner G)unty Bor0￿ of West
H2m and Tr&0 are in need of fi￿￿￿la1 a5SiStance, alld in panicu12r, bur without prejudice to
the gener31iry of the Eoregoing:
in athing to such persons scholarships, exhibitions, bu￿aLleS, tnaintenance
allowances or grants tenable at any school, university, college of education, or other
institution of further (including professional 2nd technicaD education approved for
the pU￿oSe by rhe Governors.
in providing financial assistance, outfits, clothing, tooLs, instnllnents or book ro
2SSiSt such peL3ons ro pU￿ue their education (including rhe study of music and other
arts), to undertake travel in furtherance thereof, or to Prepa￿ for or enter profession,
trade, occupaiion or service on leaving school, universiry or oiher educational
estabbshtnents.
b) In or towards providing such special benefits of any land not nonnally provided by the local
education authority for any mainiJined school artended by such girk ￿ may from tinr to
time be agreed berween the Governo￿ of the ch￿IEY alld the Governors of rhe school
concerned.
2) Within the limits prescribed bythis scheme the Governo￿ shall have full power to nlles
for the awJrd of scholatships, exhibitions, bU￿arles, rT]ainien8nce allowances and other
benefits, including Lules as to the value and penod of tenure of the awards and the
qU3Jifications, meihod of ascertainment and selection of candidaies for benefit.
3) The Governo￿ shall have regard to the desirability of consulting the local education authority
as to Iheir general action under su&clause (l) of this clause and, rf occasion requwes, a5 10 the
educational qualifications of candidates for benefit.

Review of Progress and Achievements for the Year Ended 31st March 2024
l. The Foundation gives a one off buL3ary award of £6,750 to ex-pupi]s from the school
undertaking higher education. In 2022/2023 £5,250 paid out.
2. Wl]ole School Reading Book The Foundarion allocated £7,5W towJr& the cost of a Trthole
school readiJ]g book programn￿. The aciuat spend wa5 £7,127. (2022/2023 £7,500).
3. Other one off ite￿. The Foundation allocated £ 76,757 towards the cost of one off Ite￿￿.
The actual spend was £49,482. (2022/2023 £21,WQ).
Summary Financial Review
l. The attached financial statements show Ihe cu￿ent srare of rhe finances. The foundation had
a net Su￿LuS of income over expenditu￿ of £4242 (2022/2023 suylus of £31,830).
2. The investments have performed as follosvs:_
Income received £ 74,789 compared to £70,170 in 20?2/23, an increase of £4,619.
Value of investments £1,631,689 cornp￿d to £ 1,589,406 ￿ 2022/23, an increase of £42,283.
3. AdMin￿tration support charges of £7,188 have been incurre(L (2022/23 admi￿tratIon
support charges of £4,590 were ￿curre(L)
4. An Independent Examiner has examined the accounts and a copy of their report is attached.
Trustees, Volunteets and Staff Costs
The Foundation does not employ 2ny staff. The trustees receive no remunerauon for their
services to the Foundation. The SchooLs Fin2nciat G)nsuttancy Selvice, London Borough of
NeTr4un and Goveming Body Suppon Services, Neth3m Partne￿hIp Working deaj NNith the
Ad[nin￿trail0n of the Foundation on a dayto day basis.
Acknowledgements
The Foundation wishes to acknowledge the support and professional advice provided by its
advisers.
roved bythe Board of Tr￿tee5 on...
and signed on its beha]f by
. TnLStee.
T£&LY H1&&1￿

Independent Examinees Report to the Trnstees of Sarah Bonnell Foundation
I report on Ihe accounts of the Trust for the year ended 31,, March 2024, which are set
out on pages 7 to 12.
Responsibilities and basis of teport
As the charity trustees of the Trusi are responsible for the preparation of the
accounts in accordance with the requirements of the Charities Aci 2011 ('the ACL).
I report in respect of my examination of the Trust's accounts carried oul under section
145 of the 2011 Act and in c2nrying out my examination I have followed all the
applicable direciions given by the Chanty Cornmission under section 145(5)(b) of the
Independent examinees statement
I have completed my examination. I confirm that no material rnatte￿ have come to my
attention in connection with the exam￿at10￿ giving me cause to believe that ￿ any
material respect:
accounting records were not kepi in respect of the Tn￿l as required by section
130 of the Act. or
the accounts do not accord with those records. or
3. the accounts do not comply with the applicable requirements concerning the
forni and content of accounts set out in the Charities (Accounts and Reports)
Regulations 2008 other than any requirement that the accounts give a 'trne and
fair view which is not a matter considered as part of an independent examlliation.
I have no concerns and have come across no other n72￿e￿ in connecrion wilh the
examination to which attention should be drawn in this repotT in order to enable a
proper understand￿¥ of the accounts to be reached.
AntiionyEpton BA FCA cfA FCtE
Goldwins Limited
Chartered accountants
75 ma￿rove Road
West Hampstead
London NW6 2EG
16 December 2024

SARAH BONNELL FOUNDATION
REGISTERED CHARITY NO. 312659
Statement of Fiftancial Activities (incorporating an income and expenditure account)
Fot the Yeat ended 31st Match 2024
Note
2024
2024
2024
2023
Untestticted
Capital
Untestticted
Revenue
Total
Total
Income from:
Investment Income
Other Inconje
Total Income
74,789
74,789
70,170
74,789
74,789
70,170
Expenditure on:
Cost of rnising funds
Ch2rit2ble activities
Total expenditure
7,188
63,359
7,188
63,359
4,590
33,750
38,340
70,547
70,547
Net Income/(Expenditure)
4,242
4,242
31,830
Gains/(losses) on investments
42,?83
42,283
86,775
Net Movement in Fund
42,283
4,242
47,525
(54,945)
Fund balance brought forward
1,717,424
127,689
1,845,113
1,900,058
Fund balance cartied fonvard
1,759,707
131,931
1,891,638
1,845,113

SARAH BONNELL FOUNDATION
REGISTERED CHARITY NO. 312659
Balance Sheet at 31st Match 2024
Note
31 March 2024
31 March 2023
Assets
Investments
1,631,689
1,589,406
Cuttent Assets
Debtor
BaLances at Bank.
Deposit Account
c￿￿ent Account
222,853
105,335
328,188
220,288
71,829
292,117
Liabitities:
Amounrs fa]ling due within one ￿ar
(68239)
(36,410)
Net Current Assets
259,949
255,707
Total Assets less Cutrent Liabilities
1,891,638
1,845,113
Net Assets
1,891,638
1,845,113
Funds
Capiral funds
Revenue funds
Total funds
1,759,707
131,931
1,891.638
1,717,424
127,689
1,845,113
Ib
Approved by the Board of Tr￿SteeS on... . . ...
behalf b
and signed on its
TVrtey....H7&4 Irrr
The notes on page 9 and 12 forni part of these accounts.

SARAH BONNELL FOUNDATION
REGISTERED CHARITY NO.312659
Notes to the Accounts for the Year ended 31st March 2024
Accounting Policies
a) Basis of preparation
The financial siaremenr5 have been prepared in accordance with Accounting and Reporring
by awities: Statement of Recommended Practice applicable ro charities preparing the
accounts in 2ccord2nce with the Financial Repoll￿g Standard applicable in the UK 2nd
Republic of Ireland (FRS 102 - effective l Janw 2015) - ((h2rities SORP FRS 102).
The chariry meets the definition of a public benefit entiry under FRS102. Assets and
liabilities are initially recognised ar historical cost or transaction value unless otherwise
stated in the rekvant accounting policyor note.
b) Going concern
The t￿￿teeS consider that there are no material uncertainties about the charitable companls
ability to continue ￿ a going concem. The tn]5tees do not consider that there are any
sources of estimation uncertainty at the reporting date that have a SIg￿£1c2nt risk of causing
a material adjustmenr to the carrying amounts of assets and liabilities within the nexL
reporting period.
c) Income
Income is recognised Tr&en the charity has entitkment to the funds, any perfomwice
Conditio￿ attached to the income have been met, it is probable rhat the income be
received and that the amount can be Me￿ured reliably.
Fund accounting
Unrestricted funds are avait2ble to spend on activities that further any of the pulposes of
chariry. Designaied funds unresrricted funds of the chatiry which the trustees have
decided at their discretion to sei aside to use for a specific pu￿Ose. Restricted funds are
donations thich the donor has specrfied are 10 be solely used for Particul￿ areas of the
cknitys work or for specific projects being undertaken bythe charity.
e) Expenditute and irrecoverable VAT
Expenditure is recognised once there is 2 legal or construcuve obligation to make a payment
10 a third pary, li is probable that serclement Trryll be required and rhe amount of the
obligation can be rne￿ured reliably. Expenditure is Cl￿SIfied under the following activity
headU￿$.
sts of ￿Ing funds cotnprise of trading costs ajd the costs incurred by the
charitable company in inducing Ihird parties to tnake voluntary contributions ro it, as
well ￿ the cost of any activities with a fundraising putpose.
Expenditure on chariiable acrivities includes the costs of delivering services and other
activiiies undertaken 10 funher the pulposes of rhe ch3riry and their ￿SoCIated
support costs.
InEcoverable VAT is ch2tEed as a cost agaI￿l the actlVLty for Th&ich the expenditure was
incurred.
Listed investments
Investmenrs are 2 fonn of basic financial instrutnent and are initially recognised at rheir
rransaction value and subsequendy measured at their fair vaLue as at the batance sheer date
using the closing quoted market price. Any change in fair value will be recognised in the
statement of financiaj activities.

SARAH BONNELL FOUNDATION
REGISTERED CHARITY NO.312659
Notes to the Accounts fo¢ the Year ended 315t March 2024
Investment Income
2024
2023
Chasishgtt COIF (Income)
M & G Chanbond F]xed Iniere51 (XF
M & G ch￿[fund
Bank mieresl
Total Investmeni Income
18,581
2,489
51,154
2,565
74,789
18,581
1,649
49,667
273
£70,170
Analysis of expenditure
srof
rjising ch￿Itable
fund5
activiiies
Basis of
allocaiion
2024
Total
2023
Total
AW￿dS to pupils
Ourward Bound Coutse
Adminisiratlon costs
Read￿g books
Therapeuiic Workhops
Internacional women's day
Birthday Gifi for Every
Student
Minibus deposit for school
jab5
ADT Art
Susiainabitityproject
Direct
Direct
6,750
12,000
6,750
12,000
7,188
7,127
4,884
5,763
5,250
12,000
4,590
7,5C
3,000
6,000
7,188
D￿ect
7,127
4,884
5,763
Direct
Direct
Direct
1,350
23,174
945
lJ50
23,174
945
Direci
Direct
834
834
532
532
Total expeftditute 2024
7,188
63,359
70,547
38.340
TocaL expenditure 2023
4,590
33,750
38,340
io

SARAH BONNELL FOUNDATION
REGISTERED CHARITY NO.312659
Notes to the Accounts for the Year ended 31st March 2024
Investments
The investments have been shown in the accoun￿ at market value.
No of units
Price
Market
Value
ence
Other Funds
CaA.COIF (Income Fund)
CCLA.COIF (Piize Fund)
33,975.70
130.00
2043.26
694,212
2,656
696,868
2043.26
Wider Range
M & G Ch￿lfund
M & G Ch￿]bond
59,482.00
62220.00
1456.08
110.44
866,105
68,716
934,821
Total Value of Investments
1,631,689
Quoted Investments
2023
2024
Market value 31,, March 2023
Disposal
Net realised gain
Net unrealised gains
Market Value 315t March 2024
1,589,406
42,283
1,631,689
Creditors (Amounts falling due within one yeat)
2024
2023
Trdde credito
68,239
36,410
li

SARAH BONNELL FOUNDATION
REGISTERED CHARITY NO.312659
Notes to the Accounts for the Year ended 318t March 2024
Analysis of net assets between funds
Unrestricted
capital funds
2024
Unrestricted Restricted
revenue funds
funds
2024
Total
funds
2024
2024
Funds Balances at 31 Match 2024
are represented by
Investments
Curreni assets
Current liabilities
Total Net ￿se[S
1,631,689
128,018
1,631,689
328,188
68,239
1,891,638
200,170
68,239
131,931
1,759,707
Analysis of net assets between funds 2023
Untestricted
capital funds
2023
Unrestricted Restricted
tevenue funds
funds
2023
2023
Total
funds
2023
Funds Balaftces at 31 March 2023
ate reptesented by
Investments
cll￿ent ￿Sets
allrent It2bilities
Tot21 Net Assets
1,589,406
128,018
1,589,406
292,117
36,410
1,845,113
164,099
36,410
127,689
1,717,424
12