REGfsTERED CHARZTY NUMBER: 312693 orto the Trustees and inancial Statements or the Year Ended 31 March 2025 Unaudited Adde Stanho rxvernors, e Schoo und Martin Morrison & Co Ltd Unrt 43 The Coach House 66-70 Bourne Road Bexlev DA5 ILU
Add & Sta e Scho und Governo Contents of the Financial Statements or the Yeor Ended 31 March 2025 Rewt of the Truxte¢s Independent Examlnep's Report Syatemeift of Flnonciol Activbtl¢s Bol(*)ce Sheet Kk•t¢s to th¢ Fl+wicid Stat¢mwrts b4tailed Stateinwtt of Flmnciol Activlti
Adde & Stanho e School - 6ovem)rs' Fund ort h Truste End¢d 31 Mar 2025 The Trustees beiThJ the Governors of Add£y and stohOpe School hereby went their ttnnual report and fipwnciol $totemES of the Charity for the year tnded 31st March 2023. The trustees have adopted the provisions of the Statement of Recommended Proctice (SORP) 'AccountirwJ ond Reporting by Chdrities. applicoble in the UK and Republic of Ireland (FRS 102) effective l Jornmry 2015. Reglstored Chwlty nwrt>er: 312693 Prlnclpfjl oddress 472 New Cr¢W Road New Cross London SE14 6TJ Mr M Philips (deceased) Or P Trynka (resi9Md ) Mrs J Shapiro Ms P Bi114n9S Mr J Pollard Ms R Coker-Adeleke (resl9ned) Ms C Np¢l Mrs Z Florian Mrs B Roberts Mr E Atuoh Ms B Smith Mr R Sefa-Atakora Ms C Lehur Mr b Chorleston Ms C Chukwutyere (retired) Ms T Yawa Mr P Rowbotham Ms k Caught (+Jppointtd 0211212024) Mr D thurchill (oppoinlment- 17106/2024) Mr M kelky MBE (appointment - 1616/2024) Ms E Moryon (oppointed- 01/0212025) Mr J Oseie (appointed- 20/0912024) F Chair [P- Porent SoverftDr,' L - Local Authorlty Appointed Sovernor.. F- Foundation Governor.. 5- staff 6overnor.' C- Cowed &Drnor.. A - Associate Memberj rn&pend¢nt Paartin Morrison & Co Ltd thartered Certified Accountants Unit 43 The Cooch House 66-70 Bourne Road Bexley DA5 ILU Page I
Adde & Stonho - Governors. e School ke orto the Truste or the Yeor Ended 31 ch 202 srnucrLKiE. 60VEANANCE AND hlANA6EMENT The charity is controlled by its 9overning document, a deed of trnst, ond constitutes +2n upuhcorporoted charity. The Charity derives from o scheme estoblished in 1893 when the John Addey Sthool ond tset Stonhope Sthool joined to f(rm th£ pr£gent School. STrLicfiiRE. 6OVEANAN(E ANf) MANA6EPAENT Recrnltment and oppointfflent of new trustees The Trustees term of office is four years. The Foundation G¢)vernors are nominated/re-elect¢d from within the present foundation 6roup ond must exceed oll other Governors by at $1 two. Parent Governors Lre tlected by parents of students otendin9 the School. Staff sovernors are elected by the present stoff of the School. LEA 6overnors tire nominated by the Locol Authority. The Truste¢s. who ore also the Gov¢rnor$, Garry out the adminlstrdtiv¢ duti6$ of the charlty Wlthotrt ary $taft. Rlsk mwmrnt The trustees have o duty to •d¢ntify ond revlew the risks to which the charity is exposed ond to ensure appropriate controls are in place to provide reOnable qssuronce a9ainst fraud and error. 08JEcfzvES ANf> AcfIvITZES Objectlves and alm¥ The prlncipal objectives ore., Guardionship of the school property (all title deeds held by the Official Custodian of chariti on behalf of the Trustees of th¢ school).. The $uperviiion and control of the refurbishment and improvements to the school buildings. The advancement of education. On his d&tth, John Addcy willed £2 'oword$ the relief of the poor of Deptford to last forever" In discharyiThJ this requSrement. the trustees donote £500 each year to the Deptford Petrtslon Soclety. Publlc beneflt The Chority acknowledges its requirements to demonslrate it complies with the duty Charities Commission in Section 17{5) of the Charities Act ZOII, ond consider the generol 9uidonce on pthlic benefit, 'Chariti¢S sThd Public Benefi,. Details of hL)W the Clknyity hos ochleved thi$ is provided in this trustee£, report. The trustees confirm that they have 9iven due re9ord to the Charity Commlsslon 9uidanc¢ on public benef It before decidin9 whot activitles the charity should undertak& Reserves pollcy trugtees regularly review the level of reserves the Chttrity must maintain. Thry consld¢p the current levels are tsroadty dCCtptobl¢ in the light of the objccts of maintaining th¢ school property. FINANCIAL REVIEW Achlevomffit ptrf•rnMnce The results for the year are stated on pa9e 4 of the Statement of Financial Activities. The assets and liabilities are disclosed on po9e S of Balance Sheet. The statwnents should bc read in coniunction with the not£S to the Finonciol Stoternents on poges 6 to8, Ihvoxtment policy (md performance Invest fund$ in $tOGk and share Iwe held thou9h (M iestment compory. As ot the year end. the market value of investment was £261I67 (2024: £269,915). ALF OF THE BOARD.. Mrm hilip (Chair) - Trntee Mr J.F. Pollard Page 2
de Adde endent Examiner's ke &Sta e School ort on the occounts to the Trusties of I report on the accounts of the Trust for the Year Ended 31 Morch 2025. which are set out on pa9eS 4 to 9. k¢spectfv¢ responslbllltl¢s of trustees and Qxohknr The charitys trustees are responsible f or the preparation of the accounts in dccordance with the Chdrities Act 2011 ("the Acr). The charitys trustees cpnsider that an tsudit is not required for this yeor under $ectiun 144 of the Act and tlwt on independtnt examitIOn is needed. It is my responsibility to.. exomine the aCCOLtnts tsnder $ection 145 of the Act, to follow the applicable Directions given by the Charities Commissiott under section 145(5)(b) of the Act, ond to state whether pdrticulor matters have come to my attention Basls ol Ind4p•ndont txomlnv's stat•mont My exominotion was corried OLrt in occordonce with the 9enerol Directions given by the Charity Commission. An exotr4Mtion includes a review of the accounting records kept by the charity (md a comptwison of the accounts presented with ihose records. ft also includes consideration of any vnusual items or disclosures in the accounts and seekin9 explanations f rom you as trustees concerning ony $uch matters. The proGedurcs widertaken do nDt provid¢ all the evidencE thlrt would be re9uired in audil and Consequentty no opinion15 9ivin as to whether the occount$ prestn a rue and falr vlew and the report Is Ilmlted to those matters set out in the statement below. IndEp•tht uamlnor'i totThnt IN connection with my examlnatlcn, no material matters hove corne to my attenttgn which 9lvLq mo reOnable couse to belie that in oty mat¢rial respect: the accounting r¢cords were fict kept In accordance wlth section 130 of the Act.. The accounts did not accord with the accountlng records.. or the accounts did not comply with applicoble requirements concerning the form and content of occounts se out in the horities Regulotion 2C(J8 other than any requirement that the accounts give rue ond fair, view which is not a htr considered as part ¢f an independent exam1rtIo. I have no concerns ond have come across no othtr motters in connection with the exominotion to which umention should be drawn In thls report In order to enable a proper understondlw of the accounts to be reached. Mr Yaw KL¢Si (FCCA) Martln Morrlson a Co Ltd thartered Certlfled AccoLtntants Unit 43 The Cooch House 66-70 Rgod Bexley OA5 ILU Dote: Cp> Jii[2rL5- Page 3
Add d Stanho vernor e School tate epbt o inancial Acttvities ear Ended 31 March 2025 cludin su Ihc nditvre a counts or INCOMZNG AESOUACES 31.03.25 Urnystricted Rextrietod funds Total funds 31.03.24 Total ftsnds Notes tsonations Investments income rosourc¢s from eharltable actlvltlts: other charitable income (tapitdl 9rnnt) Interest received rnsaurces fr g¢nerated funds: 20 9.413 20 9.413 8574 15.202 15.202 1.415 1.413 15,182 1.492 TOTAL ZNCOAIE 10.848 26.050 25.288 PESOUCES EXPENOED EXPENDetsrruRE ON.. Chwitable actlvitiu: Donations Charitable expenditure (2.M)) 3.46 (2.5) 135,105) (75.967) (45,538) (121.5015) (123.831) NEf INCOME/(EXPENDrriJRE) (65.119) (30.336) (95.4YJ) (98.543) Net gainsl(losses) on investments 12,342 Net 1n0vo of fvnds (73.167) (30.336) (103.503) (86,200) Transfar5 betww funds RECONClllATION OP FUNDS". Totql fdI brought forward 14.047.303 558.529 14,605,832 14,692,032 TofAL FiNbS CAAAtEts FOkWARb 13,974.136 528.193 14.502.329 14.605.832 Pa9e 4
Adde a stanho Governor e School Bokmce Sh 31 March 2025 31.03.25 Total funds 31.03.24 Total funds Unrutrlcte d f$ Aestrlct¢d f4WKIs Notss 13.616.800 543,268 14.160.068 14,246529 505 261.867 82.139 365 269.915 91,273 261,867 82.139 Cosh in hand 3H.511 344.511 361.553 CREDrroRS Amounts falllr47 du• wlthln on4 y¢QP Other emdltors (2.2x1) (2.250) (2250) VAfiENf ASSErs 342.261 342,261 359.303 TOTAL ASSEfs LESS cufiAwf LZA8ILmES 13.959,061 14.J02,329 14,605,832 NET ASSErs 13.959.061 543.268 14.002.329 14,605.832 Aeitrlcled Uw¢Jtrlcted 543.268 13.959.061 558529 14D47,303 T(yfAL FUNDS 14 502 329 14 605,832 financial st(ftements wer£ approved by the 8oard of Trvstets on Ji nd were sl9ned on Its behalf by: 8 Smith Choir)-Trustee MrJ. .J. Pollard OviQ2025 Pa9e 5
Adde &Stfiho Gove ors Notes to the inancrol State ents eor Ended 31 Morch 2025 ACCOLTr4rrING POLtaES basis of aceountin9 These accounts hove been prepared under the historical cost (except that investments ore shown at market value) convention with items recognised at cost or transoctlon volue unless otherwls£ sttsted In the releva note(s) to tfr accounts. The accounts hove been preptw£d in dccordttnce with: the Statement of Recommended Proctice: Accounting ond RepDrtin9 by Choritit£ prEpariTrJ their occounts in occordonce with the FiMAcial keportiThJ Stdndtwd dpplicdbl£ in the UK ond Reptkllic of Irtltind (FRS 102) iSSUEd on 16 Juty 2014 ond with the Chtwities Act 2011. In accountlry estimotes There hos been no chaNJe Trn qccountln9 ettimate. 411ateriol prl•r yw vrws Ther¢ has been no materlal prlor y¢ar error has been Id¢ntlfled In the reportity perlod. FWKI aecowrti UnreStri¢ted fund$ con be Used in accordonce with the charitable objectives at the discretion of the tntee$. Restricted fLmds can Only be used for restricted purposes within the objects of the charity. kestrictions arise $pecified by the donor or when funds arc rtsised for r¢stricted purpos. r)evolv formula capital Thls Is funding from DepartthBnt of Education and is ollocated each year to secondory schools for pryority work The 9rantS be used for improvements to buildings and other facilities. includiry Icr. or capital repairslrefurbishmen in occordonce with prioritiu set by the school. The copital grants ore paid in two instolment$, in Moy (40 per cent) and Juty (60 per cent). The formultt f or ollocdtion includes on amount per school plLrs on amount per pupil. As a Voluntary Aided (VA) schools thLse 9overning boty's is required to make a IO% contribLrtion of each fundin9 tsllocation. Fundir•3 is allocated by local authority to improve the coThdition of the school. Priorities for invutment in school buildi oftd faclliti£s are decided locdlty. The resources avoilable are allocated to local authority areas on the bosis of "relotive eed" As VA s¢hool capital payments ore paid on receipt of claims and imioices for work carried out. All ihcoming r¢soLwtes ore included on the Statement of Finoncial Actlvities when the ch4rlty Is1¢galty lntitled to th¢ Income ond the amount can qUIlIf led with reasonable ac¢uracy, Zn¥estmeht Income This is Included in the occountg on receivable bosls ond Includes dlvidends and Interert pe¢elvoble but excludes reallsed and unrealised investment 9oins and losses. IThstment 9dn or loxes This includes 90in or loss on sale of investments and any gain or loss rtsultln9 from revaluing ihvestmeftts to market Vdlue at the end of the year. Expenditure is accounted for on an occr(tsJls basis and has been classified under heodir•Js thot a99re9ate all cost related to the category. Where costs connot Ix directly attrIb£d to pdrticulfjr Fiel19$, they ho¥e been allocated to oGtivities Oh a basis consistent with the use of resowces. fmernonce costs are costs incurred in line with meeting the tharity's Gompliance matters. The Trustees ossessment in respect of 90ing concern Is for a period of one year f rom the dote of the approval of the financial statements. Tfjxatlon The charity is exempt from tax on its charitoble aetiviti£g. The notes form part of these financial statements. Page 6
dde & Stanho - Governors. FLthd 00 otes to the Fin or the Yec Isto ed31 ents ch 2025 TaWble flxed ossets All assets costin9 more than £500 are capitalised. Where tarfjible f ixed assets have bggn acquired with the old of specific 9ronts, they ori included in the Balance Sheet at cost and dqjreciated over therr expected usef(61 economic lif e. The rcloted grants arE credited to restricted fixed ossetg fund in the Statement of financial activities and are carried forward in the Balance Sheet. Depreciation on such OSSets is chorged to the restricted fixed assets fund in the Statement of firnncial octivities to rtduce the fund over the tssÉful economic life of the related ttsset on a bagis colSentr with thg $choofs dEpr£ciation poliry. Where tangible f ixld ttssets have been acquirgd with the unrestricted f unds, d¢prEcidtion on such assets is charyed to unrestricted funds. T3ll9ible f ixed ossets ore stated at cost or valuation l¢ss d¢preciotion. The trvstees do not consider it costs ef fective Yo cary out a revoluation of its freehold properties ot this sto9¢ Depreciation is provided ot rates calculated to wrile off the cost of f ixed assets. less their utimated residual Vdlue, over their expected useful lives os f ollowjs., Freehold property 125 yeors 8uildin9 improvement 10 yeors Fixtur¢s and fittin9S 4 yeors 2. INCOME 31.03.25 31.03.24 Donations Education fundin9 {Capital 9ront) Znvestment income Intertst rccEived 20 IJ.202 9.413 1.415 26.050 40 15,182 8,574 1,492 25,288 EXPENtsrnIAE ON CHAklTA8LE AcVrrIEs 31.03.ZJ 31.03.24 Bapth char9eS tsonation to education Donotions to Deptford Pension Society Other operating expenditure 17 34,605 5iy) 88,711 123,831 yc 118.988 121,$05 TAVSTeES' ReMUNeRAnON. 8ENEFrrs. AND EXPENSES Ther¢ wer¢ no trustees, remunaration or other benefits for the Yur End¢d 31 Mor¢h 2025 nor for the yeor 31 fvlarch 2024. There w¢r¢ no trustees, expenses paid durin9 th¢ Y¢ar Ended 31 March 2025 and durin9 th¢ y¢or ended 31 March 2024. TAN518LE FIXED ASSFrs Fruhold FThperty Bulldiry Improvoment Flxtures a Fltrirys Totol COST As ot l April 2024 Additions irt year 14.994.320 105,062 29.778 15,129,160 At 31 Alarch 2025 14.994.320 105.062 29.718 15.129.160 DEPkEaAnON As at l April 2024 harged for the year As at 31 March 2025 (759,547) (75.955) (783,2CM)) (93,306) (10,506) 103.813) (29,778) (882.631) 186.461 (29.778 969. NET 8OOK VALUE As at 31 Ilarch 2025 14.158.819 1.249 14.160.068 As dt 31 Morch 2024 14.234,773 11,756 14,246.529 The notes f orm part of these f inancial statements. Page 7
Adde & Stonho - Governorg e School otes cial S ¢nts - continued ch 2025 nde 6. OE8TORS: AMOUfvfS FAU15 OUE Wrn41N ONE YEAR 31.03.25 31.03.24 Other debtors 365 31.03.25 31.03.24 Ltsttd iMstments (Histortc costs) 228.394 231.03] Corryin9 (ffrket) value at b¢ginnin9 of year 269.916 Add: additions to invertments ot cost L¢ss". disposals ot coryin9 volue 269.915 Add: Net reolised Investnwit 9ains in the year Less.. Net vealised investment gains/(loss) Cffjln9 ¥akn at ond of yoor (8.048) 261.867 Anal11 of in¥<stnhts In¥tMentS listed pn a reco9nised stock exchange or held in common imiestment funds. opeii tnded investment componies, thit tnjsts or other collective invulment schemes tsh held port of the iThestment portfollo Total 25Z.980 8.887 261.867 8. CREDITORS: AMouNfs FALLlhYp wrn4ZN YEAR 31.03.25 31.03.24 Other creditors 2.250 . IAOVEMEMf ZN F(Nf)s Fund balances 0110412024 ¢kn90iNJ Flesources Fthds Transfer Golns and {11)sses) fthd bolances 3110312025 Education fund 558,529 15,202 (45,538) 528.193 General fund 14.047,303 10,848 (75.967) (8,048) 13.974.136 Total Fun 14.605.832 26.0 (121,505) (8.048) 14.502.329 10. RELATED PARTY TRAKSACThS The tharity mad¢ donotions of £xxx to staff The notes form part of these f inancial statements. Page 8
Adde astrt ove nors e School l A tiviti 2025 ort Yea ded 31 31.03.25 31.03.24 INCOMI RESOURCES Voltt Donation 40 Intrert receivoble 1.415 1.492 Dividwuts 9.413 8.574 Oih¢r IKomhw resour EFA DFC- educati¢)nol fund 6ront 15.202 15.182 Total Incomi ruowcos 26.050 25,288 Esour45 EXpEEts Charltable actl¥itl¢s r)wtion to school Other glfts & donotiorts 34,605 35.105 Indepenthnt miner,$ fees 2.Z50 2.250 2.250 2,250 &Jpport costs - re£tricte&. kepalr$ & molntenonce costs E)epreciatio 30.278 15.260 45.538 15,260 15,260 Sport CtI - UtrICted. D¢preciotion - unrtstricted 71.21x1 71.2¢J) 71.2 71,200 8Gnk chor9¢S 17 15 Totol rn1owc•s ¢%nded 121.506 hKome/(expendlture) boforn 9alns qnd losses (95.456 98.542 UThYalised r¢cwlsed plns and lossos Unrealised 9aingl(loss) on investments kealistd 9ainsl(loss) on invutments (8.048) 12,342 8.048 12.342 Net home/(expendltwe) after realIsed gains and loss (103.503 This pa9e does not form part of the Statutory f inancial statements. Page 9
Adde - Gover esc ool Sch uleo r the Year nt Receivobl d31 ch 2025 6rants ontribution from school EFA DFE Capitol 15.202 NIA 15.202 NIA 15.202 Sufety Strvlcej and boiler 30.rn Total This page does not form part of the stotutory f inancial statements. Page 10