2025-03-31-accounts - The Sarah Bonnell Foundation

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SARAH BONNELL FOUNDATION REP ORT AND FI N ANCI AL STATEM E NTS YEA R E N DED 31[S T] M ARCH 2025

Charity No. 312659

Contents
List of Trustees and Advisers	3
General Power and Application of Income	4
Review of Progress and Achievements	5
Summary Financial Review	5
Independent Examiner’s Report	6
Annual accounts	7 - 12

[TRUSTEES AND ADVISERS ] The names of all the charity trustees who have acted during the course of the financial year ended 31[st] March 2025 include:

Nominative Governors by the LA Cllr W Vaughan Nominative Governors by Parish of All Saints, West Ham Ms N. Preston Nominative Governor for Sarah Bonnell School Alumni Ms T Eller-Hill Co-optative Governors Ms D Nadanasivan Mr I.Campbell Ms T Higgins (Chair) Ms P Muqit Ms A Meetaroo Ms N Bashir Contact Name and Address for the Charity Ms Sarah Beaumont Head of Governance Services The Education Space Boardman House (3[rd] Floor) 64 Broadway London E15 1NT Independent Examiner Anthony Epton BA FCA CTA FCIE Goldwins Limited 75 Maygrove Road West Hampstead London NW6 2EG Bankers The Co-operative Bank 1 Balloon Street Manchester M60 1GP

[Annual Report for the year ended 31][st][ March 2025 ]

Sarah Bonnell Foundation is regulated by a scheme made by the Board of Education on the 26 October 1909, as altered by schemes made by the said Board on the 23 August 1912 and 3 March 1992 and as affected by Articles of Government made by the Minister of Education on the 17 June 1948; and in the matter of the Charities Act 1960. The Foundation is a registered charity, No.312659

General Power to make regulations

Within the limits prescribed by the scheme, the Governors shall have full power from time to time to make regulations for the management of the Charity and for the conduct of their business including the summoning of meetings, the appointment of a clerk, the deposit of money at a proper bank and the custody of documents.

Expenses of management

The Governors shall first defray out of the income of the charity all proper costs, charges and expenses of and incidental to the administration and management of the charity.

Application of income:

1) Subject to payment of the expenses aforesaid, the Governors shall apply the income of the charity in either of the following ways;
a) In promoting education (including social and physical training) of girls under the age of 25 years who are resident in the London Borough of Newham and the neighbourhood thereof with preference for those who are resident in the area of the former County Borough of West Ham and who are in need of financial assistance, and in particular, but without prejudice to the generality of the foregoing:
in awarding to such persons scholarships, exhibitions, bursaries, maintenance allowances or grants tenable at any school, university, college of education, or other institution of further (including professional and technical) education approved for the purpose by the Governors;
in providing financial assistance, outfits, clothing, tools, instruments or books to assist such persons to pursue their education (including the study of music and other arts), to undertake travel in furtherance thereof, or to prepare for or enter profession, trade, occupation or service on leaving school, university or other educational establishments.
b) In or towards providing such special benefits of any kind not normally provided by the local education authority for any maintained school attended by such girls as may from time to time be agreed between the Governors of the charity and the Governors of the school concerned.
2) Within the limits prescribed by this scheme the Governors shall have full power to make rules for the award of scholarships, exhibitions, bursaries, maintenance allowances and other benefits, including rules as to the value and period of tenure of the awards and the qualifications, method of ascertainment and selection of candidates for benefit.
3) The Governors shall have regard to the desirability of consulting the local education authority as to their general action under sub-clause (1) of this clause and, if occasion requires, as to the educational qualifications of candidates for benefit.

[Review of Progress and Achievements for the Year Ended 31][st][ March 2025 ]

The Foundation gives a one-off bursary award of £250 to ex-pupils from the school undertaking higher education. In 2024/2025, £8,250 was paid out.
Whole School Reading Book. The Foundation allocated £7,500 towards the cost of a whole school reading book programme. The actual spend was £5,570. (2023/2024 £7,127).
Other one-off items. The Foundation allocated £ 50,956 towards the cost of one off items. The actual spend was £36,572. (2023/2024, £49,482)

Summary Financial Review

The attached financial statements show the current state of the finances. The foundation had a net surplus of income over expenditure of £22,381 (2023/2024 surplus of £4,242).
The investments have performed as follows:-

Income received £ 79,655 compared to £74,789 in 2023/24, an increase of £4,866. Value of investments £1,634,557 compared to £1,631,689 in 2023/24, an increase of £2,868.

Administration support charges of £6,882 have been incurred. (2023/24 administration support charges of £7,188 were incurred.)
An Independent Examiner has examined the accounts and a copy of their report is attached.

Trustees, Volunteers and Staff Costs

The Foundation does not employ any staff. The trustees receive no remuneration for their services to the Foundation. The Schools Financial Consultancy Service, London Borough of Newham and Governing Body Support Services, Newham Partnership Working deal with the Administration of the Foundation on a day to day basis.

Acknowledgements

The Foundation wishes to acknowledge the support and professional advice provided by its advisers.

Approved by the Board of Trustees on…12/11/2025… and signed on its behalf by

Tracy Higgins, Trustee.

Independent Examiner’s Report to the Trustees of Sarah Bonnell Foundation

I report on the accounts of the Trust for the year ended 31[st] March 2025, which are set out on pages 7 to 12.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

……………………………………… Anthony Epton BA FCA CTA FCIE Goldwins Limited Chartered accountants 75 Maygrove Road West Hampstead London NW6 2EG

17 December 2025

SARAH BONNELL FOUNDATION REGISTERED CHARITY NO. 312659

Statement of Financial Activities (incorporating an income and expenditure account) For the Year ended 31[st] March 2025

Note Income from: Investment Income 2 Other Income Total Income Expenditure on: Cost of raising funds Charitable activities Total expenditure 3 Net Income/(Expenditure) Gains/(losses) on investments Net Movement in Fund 6 Fund balance brought forward Fund balance carried forward	2025 Unrestricted Capital £ - - - - - - - 2,868 2,868 1,759,707 1,762,575	2025 Unrestricted Revenue £ 79,655 - 79,655 6,882 50,392 57,274 22,381 - 22,381 131,931 154,312	2025 Total £ 79,655 - 79,655 6,882 50,392 57,274 22,381 2,868 25,249 1,891,638 1,916,887	2024 Total £ 74,789 -
				74,789
				7,188 63,359
				70,547
				4,242 42,283
				47,525 1,845,113
				1,891,638

SARAH BONNELL FOUNDATION
REGISTERED CHARITY NO. 312659
Balance Sheet at 31st March 2025
	Note	Note31 March 2025	31 March 2024	31 March 2024
		£	£
Assets
Investments	4	1,634,557	1,634,557 1,631,689	1,631,689
Current Assets
Debtor		-	- -	-
Balances at Bank:
Deposit Account		226,489	226,489 222,583	222,583
Current Account		108,875	875 105,335	335
		335,364	335,364 328,188	328,188
Liabilities:
Amounts falling due within one year	5	(53,034)	(53,034) (68,239)	(68,239)
Net Current Assets		282,330	282,330 259,949
Total Assets less Current Liabilities		1,916,887	1,916,887 1,891,638	1,891,638
Net Assets	6	1,916,887	1,916,887 1,891,638	1,891,638
Funds
Capital funds		1,762,575	1,762,575 1,759,707	1,759,707
Revenue funds		154,312	312 131,931	931
Total funds		1,916,887	887 1,891,638	638

Approved by the Board of Trustees on…12/11/25…… and signed on its behalf by Tracy Higgins

………………………………………….. Trustee.

The notes on page 9 and 12 form part of these accounts.

SARAH BONNELL FOUNDATION REGISTERED CHARITY NO.312659

Notes to the Accounts for the Year ended 31[st] March 2025

1 Accounting Policies

a) Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 - effective 1 January 2019) - (Charities SORP FRS 102).
The charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.
b) Going concern
The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.
c) Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.
d) Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.
e) Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
- Costs of raising funds comprise of trading costs and the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose.
- Expenditure on charitable activities includes the costs of delivering services and other activities undertaken to further the purposes of the charity and their associated support costs.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

f) Listed investments

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. Any change in fair value will be recognised in the

statement of financial activities.

SARAH BONNELL FOUNDATION REGISTERED CHARITY NO.312659 Notes to the Accounts for the Year ended 31[st] March 2025

2 Investment Income

Charishare COIF (Income) M & G Charibond Fixed Interest CIF M & G Charifund Bank interest Total Investment Income	2025 £ 18,953 3,235 53,831 3,636 £79,655	2024 £ 18,581 2,489 51,154 2,565
		£74,789

3 Analysis of expenditure

Basis of allocation Awards to pupils Direct Outward Bound Course Direct Administration costs Direct Reading books Direct Therapeutic Workshops Direct International women's day Direct Birthday Gift for Every Student Direct Minibus deposit for school Direct Hijabs Direct ADT Art Direct Sustainability project Direct Total expenditure 2025 Total expenditure 2024	Cost of raising funds Charitable activities 2025 Total 2024 Total £ £ £ £ - 8,250 8,250 6,750 - - - 12,000 6,882 - 6,882 7,188 - 5,570 5,570 7,127 5,051 5,051 4,884 - 5,992 5,992 5,763 - - - 1,350 - 21,826 21,826 23,174 - 3,703 3,703 945 - - - 834 - - - 532 6,882 50,392 57,274 70,547
	7,188 63,359 70,547

SARAH BONNELL FOUNDATION REGISTERED CHARITY NO.312659

Notes to the Accounts for the Year ended 31[st] March 2025

4 Investments

The investments have been shown in the accounts at market value.


Other Funds CCLA-COIF (Income Fund) CCLA-COIF (Prize Fund) Wider Range M & G Charifund M & G Charibond Total Value of Investments Quoted Investments Market value 31st March 2024 Disposal Net realised gain Net unrealised gains Market Value 31st March 2025	No of units		Price (pence) 1,948.06 1,948.06 1,518.03 107.75 £ £
	33,975.70 130.00 59,482.00 62,220.00






5 Creditors (Amounts falling due within on Trade creditors		e year)		2025 £ 53,034	2024 £ 68,239

SARAH BONNELL FOUNDATION REGISTERED CHARITY NO.312659 Notes to the Accounts for the Year ended 31[st] March 2025

6 Analysis of net assets between funds

Unrestricted capital funds 2025 £ Funds Balances at 31 March 2025 are represented by Investments 1,634,557 Current assets 128,018 Current liabilities Total Net Assets 1,762,575 Analysis of net assets between funds 2024 Unrestricted capital funds 2024 £ Funds Balances at 31 March 2024 are represented by Investments 1,631,689 Current assets 128,018 Current liabilities - Total Net Assets 1,759,707	Unrestricted revenue funds 2025 £ - 207,346 (53,034) 154,312 Unrestricted revenue funds 2024 £ - 200,170 (68,239) 131,931	Restricted funds 2025 £ - - - - Restricted funds 2024 £ - - - -	Total funds 2025 £ 1,634,557 335,364 (53,034)
			1,916,887
			Total funds 2024 £ 1,631,689 328,188 (68,239)
			1,891,638