THE CAMDEN SCHOOL FOUNDATION OF FRANCES MARY BUSS
Charity No: 312763
FINANCIAL STATEMENTS AND TRUSTEES REPORT
FOR THE YEAR ENDED 31st MARCH 2022

The Camden School Foundation of Frances Mary Buss
Financlal Statements and Trustees Report
for the Year Ended 31st March 2022
CONTENTS
Page:
2. Legal & Administrative Inforniation
3. Report of the Trustees
Independent Examlnerfs Report
Statement of Financial Activities
10.
Balance Sheet
11.
Notes to the Financlal Statements
Pa8e I

The Camden School Foundation of Frances Mary Buss
Legal and Administrative Information
Trustees
Lekha Klouda
Angela Mason
Janet Pope
Penelope Wild
John Atmore
Diamond Ashiagbor
Hannah Donat (op￿rrted Novembw 2019)
Chair
Sonior Staff responslblo for day to day running of the Foundatlon
Agnes Ch￿1n0
Bursar (Yasemin 8riant from Autumn 2022)
Rggl$t•red Offlce and Operatlng Addr￿$
Camden School for Glrfs
Sandall Road
London NWS 2DB
Independent Examlners
Moore KirvJston Smrfh LLP
9 Appold Street
London
EC2A Z4P
Bankers
The Ccpoperative Bank plc
PO Box 101
1 Balloon Street
Manchester
M60 4EP
Royal Bank of Scotland (Namlest)
Camden Town Branch
166 Camden HKJh Street
NW1 ONE
Solicitors
stone King
Boundary House
91 Charterhouse Street
LNKlon
EC1M 6HR
Tel: 020 7796 1007
Page 2

The Camden School Foundatlon of Frances Mary Buss
Report of the Trustees for the Year Ended 31°, March 2022
The trustees present thelr report and the unaudited financial statements for the year ended 31sl March 2022. The
trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounling and
Re[￿ing by Charities. issued in March 2005 in preparing Ihe annual report and financial statements.
Status and Admlnistration
The charity was established by the S¢heme of the Charity Commission datod 3111August 1993 and amended by
the Scheme of th8 Charity Commission dated P January 2012. It is registered wth th& Charity Commlsslon No.
312763.
The Trust is made up ol two ex•officio trustees and five c(popted trustees. The ex<Jffi¢io trustees are made up of
the Bishop of London's appointee and the chair of the Board of Govemors of Camden School for Glrls. Of the five
CC>vOPted trustees one musl be the School Govemor appointed by the London Borough of Camden and the
rernaining four COwOPted trustees be presenl or eX￿0veM0Ts of Camden SC1K￿l for Glrfs.
CTropled trustees are ele¢ted to serve for a period no longer than four years whereby th•y ¢an then be reappolnted
by a resolution of the Camden Trustees. The ex4)fficio trustee nominated by the Bishop of London can Serve for
period of three years and can be reapFrt)inted by Ihe Bishop of London at the end of Ihat period.
The trustoes who served to dal? of ￿gnIng of the a¢counts:.
Cowative Trustees:
Hannah Donat
Lekha KknKla
Angda Mason
Pendope Wikl
Diamond Ashiagbc
Ex Officio Twstees:
John Atmora {AFfrt)inlee of ofLoth T￿p￿￿ted to Jun• 2023)
Janet Pope (Chair of Govemors. Camden School for Gldsl
Al Foundation Govemors are fulty inducted as goverrths ofthe $¢hool in a¢¢ordan¢e vAth best pra￿[C8. As a resuit
they gain a thorough knowledge of the educational and financial needs of the establishment. its priorities and
resour¢es. On*oing training ts given to Trustees wlh regard to their specific responsibilities as Trustee5. Legal
updates on Trustees. responsibl￿tieS are arcuiated. and explained and discussed a5 require¢J at the nexl Trustees.
meellng.
Day to day decistons are made by the bursar and clerk in consultation with the Head teacher. and wher6
appropriate the chairs of trustees and of govemors. The trustees meet ￿vICe a year to make strdteglc declslons
and refer thes8 to the bursar or clerk for actton.
Revlew of Objects, ObJ8ctlvos and Acllvltles
The object of the Camden School Foundation of Frances Mary Buss shall be the provision and conduct of a day
school for girfs in or n&ar tho London 8￿ough of Camden. ¢alled the Camden School for Girfs. The schwl will
hav& the pow8r to admit Iws to th8 sixth form.
The principal purpose of the charity 1$ io secure tho futur6 of lh6 SCI￿)01. thts will involve the maintenance and
development of the school V￿lIding$ in order to enhance the educational environment and experience of its pupils.
The school will be a comprehensNe school which wdl serve the local communty by providing education for girls
tse￿een the ages of 11 and 16 years. Places be alllxated using a banding arrangemenl lo ensure the school
remains thoroughly comprehensive. It offers a wd84anging Currth1￿￿. excellent teaching and a wealth of extra-
curricular opportunities.
The $i¥th fom will admit gir15 and boys of rwThal s(*wl age within its capacity who wish to continue their studies
wlthin a school setting. These pupils will need to rneel the examination grade entry requirements to pursue the
courses available.
Page 3

The Camden School Foundatlon of Frances Mary Buss
Report of the Trustees (continued)
The developmenl of bulldlngs Is financed prlnclpaly by capttal grants from central govemmenL which normalty
requlre a trustees. contribution of 10% of gross costs. However, certain larger projects have been supported by
contrlbuUon from the Camden Local Athrity or a 100% central govemment grant.
The Foundatlon Is allocated grants through a School ConditiC￿ Alocatlon {SCA capltal fundlngl. The SCA Is
received through membership of an alliance wlth six other non-Diotssan Voluntary Alded schoo5s- known as
'Group 7SA' . comwlslng William Ellis School. The Latymer School. Central Foundatlon Boys. School.
Ermysted's Grammar School. The Judd Sthool (18ad school). Prendergasi Girls. Schod as well as Camden
School for Glrls.
From the total SCA capital allocation for 2020-21. a total sum of £168.207 was ￿rrIed fop•vard. This amount has
been alk)cated as folh)ws:
Project 4- Canopy for swb fomi outdoor areas (£106.737). Thls project was completed In 2021-22
finandal year. 10% of this cost was covered by the Trustees. $ubsequ8ntly agreed (after the Baian¢e
Sheet date) lo be donated by CASCA
Prole¢t 5- Replacement of the Gym R￿f- £53.184. TNS project w88 compleled In Summer 2022.
Prolect 8- Replacement of Hot water tanks in a boil6r rcom- £26,974 {partl This project was
complatsd In Summer 2022.
The Foundallon wa8 also allocated £293.045 Capllal fvnds In 2021r22. ThL8 has ba8n part all￿ated as follows:
Project 8- Hot water Tank replacement (£3,240) (partl. Thls proSe¢t was completed In Summer 2022.
Pr4ecl 7- Tollel Refurblshment (£55,425). Thls project was ￿Mpleted In Summer 2022.
Project 9- Replacement of POlycart￿n8Ifr roof (£10,200). Thls proAe¢l was completed In Summer 2022.
Project 6- Camdon Bulkllng Lfft {£33,840). Not yel started.
Project 10- RelurbSghmenl of Art¥ and piwraphy rooms {£18.877). Thls proled was part complolod
In Summer 2022.
Prole¢t 11- ICT School Intemal 2 Core Swltch (£S9,0321. Not yol stsrted.
Tho Foundatlon also received £28,9241£26,032-90%} In DFC fvndlng for year 2021122, thls was spent on
heatlng System lrnprovements durlng 2021r22.
8tat•mont of Publlc Bon•fft 2021122
We have referred to the guldance In the Chwity CommlssKJn's general guldance on Publlc Banoflt when
revlewlng our alm$ and objectives and In planning our futwe acllvili8s. In partlcular, the Trustee8 con8ld8r how
planned activities will conthbute to tho aims and obiecbves they have sel.
Tho Foundallon provides publlc benefit in the foltrwkng ways stated in ils obloctlves: .
To Secure the future of the school.. this will Invofve the mainienan¢e and developmant of the school
bulldings in ordar lo enhance th8 educational envtronmanl and expwbnce of Its pupils.
The school is comprehensive. sepiing tho hxal commuimty by providing educgbon free of charge
grls (and boy8 In the sixlh fomi).
The Foundation has commltted to fund a totsl 10% Contr1￿110n for all the capltal funds committed to the sum of
(£13,566) to all SCA and DFC rApltal works. This en8b￿d imwovements to the premlges and tha purchase of
equipment up to the value of £135.662. These improvernents enhanced the education provlded and reduced
future revenu¢ costs.
The use of the school for rnusi¢al education provides a benefit io Ihe people of the Camden a￿a. The Muslc
SeThlce run ty Camden Local Authority hires the school for ils pupib regularly at weekends throughout the year.
The school also hosts rehearsals for adult musical soGielEs and a regular programme of open ¢on¢erts.
including one specificalty aimed at children. available free to Ihe local ¢ommunty. The school has a rngular
letting lo Rashidun School at the weekends wh￿h provKJes a regular inwffe.
Pa8e 4

The Camden School Foundation of Frances Mary Buss
Report of the Trustees {continued)
Al school employ•e$ and volunteers are regularly DBS ¢he¢ked to ensure that risk to the school and Its
students is minimised. DBS ¢ertlficates are renewed every three years. Senior m8mb8rs of staff have all
undertaken safer recruitment tralnlng.
Achlevemènts and Pertomiance
Capltsl expenditurè for the year has been detailed in the Maln Annual Objectives above.
The school was allocated SCA fijnding of £168.207 for 2020121 and £293,045 for 20211202218aving an unspent
allocation of £365,188 to be carrfed forward. The s¢hooS has years to spend thls fundlng.
The value of voluntary contributions recelved during the year was:
Unrestrlcted
Restrlcted
Fundraising (inc unrestricted bequests) £58.074
Ancient Greek
Foundation of Richard Platt Brewers. Co
£899
Gift Aid Claim 21122
£10,845
£240
Rgntsl In¢ome
In July 2021. 63 Barlholomew Road was redecorated and rented out at £979 per month. After the initial costs for
decoraling et¢., have been deducted. th& income for the year came to £5.215.
Reserves Pollcy
It Is the responsibility of the trustee$ of the Foundation lo maintaln sufficlent fijnds to fulfil the role of the Trust
re9arding the flnancial contribution towards the mainlenance and development of the school buildings as required ol
the foundation of a voluntsry alded school. St has been the poliry of the charity to maintain its free reseryes at a leve
which exceeds 3 months of cUr￿n1 year expenditure. It was agreed that the Foundation would 8nd8avour to increas
the amount of free reserves over the coming years lo £450,000. Following the pandemi¢ In 2020121 build-up of the
free reserves to £450,000 will take longer lo obtain than initialty planned.
The maln expenditur8 of the Foundation consists of contributions to capital projects for which the expenditure patten
Is known in advance. Other operatlonal expenditure is b31an¢ed for cash flow by regular income from donations by
standing order. Capital payments are kept in a Natwesl account and all new fund raising is paid into the cO￿p
account.
As al 31st March 2022. the ¢harity had lolal reserves of £9,076,268 of which £8.564,875 were restricted funds
{mainly buildings and landl and £64,240 wer8 designated funds. The remainder of £447,153 represented general
reserv8s, which are being maintsined lo help fund the future commitments of the school in relation lo equipment.
refurbishment. new building etc. 01 these, £36,427 was held In long temi Investments and £128,714 Included In fixe
assets. This left £282.012 as lolal f￿e ￿ServeS.
Cash reseN•S aro dlstrlbuted wlth the intention that no more than £85,000 Is held with any one institution. Thls may
not always be possibl& on recelpt of large grants to cover larger building projects. Larger reserves may reprèsent an
investment opportunity for the Foundatlon and further advice would need to be sought about the safest and most
efficient investment vehicles.
The trustees wlll revlew the reserves policy on an annual basis.
Flnanclal Revlgw and Plans for Futur• Pèrlods
The Foundatlon has been allocated the following amounls of grant funding for the year 2022123.
School Condition Allocation {SCA}.' £290.023190%1, and Devofved Funding Capital {DFCI.'
£26,117 {90Y•). The cary forward from 2021122 totalled £365,188 (90%) giving a total SCA funding
level of £655,211 {90%1. Each yearf$ grant allocation Can be gpent over ￿ years if negdgd.
Page 5

The Camden School Foundatlon of Frances Mary Bu55
Report of the Trustees (continued)
Part of the SCA grants has been ccrfnmitted as Isted above. and the DFC has been allocated as
follows1100%1:
D1- Classrooms fumtiure1£8.217)
D2- ICT Hardware {£7.642)
D3- Signing in Safeguardlng System (£5,368)
D4- Library Computers {£7.792)
Furthar prolects. Including a long8r4em) sohjbon to the Music Building block and the refurbishment
ol SEN block is lo be invostlgaled. The funding of this proje¢l will come out of the 2021-22 and the
2022-23 SCA funds as requlred.
Inv•stment Pollcy
The trustees. investment powers a￿ govgmed by the Twsl Deed whl¢h pemilts the charltl8
funds lo be invested In any security approved by th& Board of Trustees. Investments are
currenty maintained In medlum risk funds partty based on gilts. stc(ks and share$. 98nerating
both Income and capital. The Board's policy is to maintain the e￿sting Investment portlolio whllst
drawing an adequate income to support the charitys objects. Thls Is reviewed on an annual
basls by the trustees.
Fundlng Sour¢•8
The charity recefves the ma￿ty of fts fundlng Ihrough thé D6p8rtment for Educatk)n (purnty 88 capllal
grants), the occaslon81 legacy and donatlons from parents and frfands of the school.
It18 F¢)undation pollcy to malntain Invastrnents in accounts for charltles. which exdud8 Stocks In area$ such
as tobacco and 8mwmenls. One of the bank accounts Is held wlth Ihe Co4¥erative bank prlmarlly lor
effectlveness and servlce roasons but a supporting faclor is the Coyerative's ethlcai tradlng pollcy. In vlaw
of th8 rocont change of ownershlp this wbl be kept under rovlew.
Rlsk Rovlaw
As part of the charlV$ plannlng. there Is a process to assess buslness risks and to Implement rlsk
management strategies. Thls Involves Idenbfying the types of rSsk the charity faces, prforitlslng them In terms
of polential Impact and likellhood of occurrence and identifying the means of mltigatin9 the risks.
The charity has a risk management poll¢y In place, whth was ratif￿1 in November 2008 and has slnce been
reviewed and updated. The major risks to the Foundation we: The impact of covld-19 and tho Increased lack
of fundlng. identifylng and appJinllrKJ Suitab￿ Truste8s and having a strategic plan for the Foundation. All fouf
of these risks are agenda items at the Twstees. Meetings. Tha Foundation will need to minlmlse expendlture
until th8 negative effect8 of covid-19 are reduced and fundraising has again increased.
Page 6

The Camden School Foundatlon of Frances Mary Buss
Report of the Trustees (continued)
R¢sponslbllltles of the Trustees
The trustees a￿ Trsponsible for preparing the Trustees. Report and the financial statements in accordance
with applicable law and United Kingdom A¢¢ounting Standards (United Kingdom Generally Accepted
Accounting Practice.)
The law applicable to charities in England & Wares requires the trvstees lo prepare flnandal $talemenls for
each financial year which give a true and fair view of the state of the affairs of the charity and of the incoming
resources and applicatSon of resources of the charlty for that period. In preparing these financial statements.
the trustees are required to:.
select suitable accountlng policies and then apply them conststently
observe the methods and prlnciples in the Charities SORP;
make judgements and estimates that are reasonable and prudent:
Stale whether applicable a¢¢ounling stsndards have been followed. subject to any materlal deparbjres
disclosed and explained in the financial statements:
prepare the financial statements on the going concern basis unless it is inappropdate to presume that the
charity will continue in business.
The trusteeg are responslble for keeplng proper accountlng records Ihal disclose with reasonable accuracy at
any lime the finan¢ial posilion of the Charity and enable them to ensure that the financial statements comply
with the Charities Act 2011. the Charity (Accounts and Reports) Regulations 2008 and the provi$ions of the
trust deeds. They are also responsible for safeguarding the assets of tho Charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregulari118s. All grants payable lo
Camden School for Glris must be autho￿sed. In prlnclple. by Trustees al the beginning of the financial year
and only transferred to tha school on aulhorlsatlon of the Trustees If Ihe funding is available. A rfsk
assessment for the Foundalion Should be updated ea¢h year to hlghllght key rlsks and plans In place to
manage these risks.
Disclosure of Inforniation to Examiners
The Trustees are responsible for making sure that all approwlate Infomiation 1$ made avallable to Examiners.
Independent Examlners
Moore Kingston Smith LLP have indicated their willingness to Gontinue in office. It Ss proposed thal the charity'$
requirements are reviewed before a decision is tak8n to appoint examiners for the next year.
Approved by Board of Trustees on 9 November 2022.
and slgned on Ils behalf by: Lekha Klouda
Trustee
Dated:
2& T_ 2025
Page 7

Independent Examiner's Repoit to the Trustees of
The Camden School Foundation of Frances Mary Buss
I r¢￿tt to the ttus*es on mytxaminaoon of the accounts of th¢ Cgmden School Foun&tiott of Mary Bws lthcTDJSt)
for th¢ ym etdcd 31 Mlrch 2021
Respon•ibiJldt8 #Ad bui6 olreport
A5 the charity tntsrees of the Tr￿1 you are tespon$ibte for th¢ prcp2ratioTh of the ac¢ounts in ac¢oTd2n¢c with the requitemen
of the Ch*itte8 Acr2011 Cthc Acty
I report uj test%aof my examination of thcTntsVs accounts urrricd our uftdei section 145 of the 2011 Act and in c2rrJingout
my l knve followcd AU th¢ *ppbc2ble Directions %ivcn by the Charity Cornmission undcr s¢¢uon 145151(bl of the
Ind¢pcndentex#mknef8 61•1¢rn¢nt
l eonfimi tha¢ I ￿ ybficd to uod¢xtake the exarninitiort bc¢*uK l a memkn ofthe ICAEW. vhi¢h one ofthe bsted
both¢L
I hAve ¢ompkted mYexami￿rI0n. I confLlrn that no tn#trtrs hove come to rny atteniion in connt¢tion with thc examin￿01)
giving mc cause to believe..
11 ￿COU￿￿￿KICCQr{Is Were nr>r k¢pr io r¢$pect of theTTh$r#s txqutrcd by section 130 of the Ac4 or
the aceourtty do not a¢cord with thtssc records., or
31 the ateourtrs do not compl>. with tht appliubk req￿￿er[Lents tonettning the Eonn and content of 4¢COUOf8 S¢tout in
the Ch9fiti¢s (Accoutkty ittd R¢pottsl RcgulAtiOn5 2008 other than any requiretnenr th#t th¢ a￿o￿llts give a'rNc and
fairviewwhith i5 nor i maEr¢¢¢onsidcrcd 25 part of an Indep￿dent eX2rninauon.
I have rto concems 9nd have CDme aetoss no oth¢i ttLztters in eot)nection with the ejwninarion trj which attention shouhj
drawn in this rtport in OTd¢r w enabic a PTop¢ru¢)ders¢andingof the a¢¢oyThts to be reached.
I Lr￿￿]Sh}&l L
ShivAni Kothari, FCCA
IACA, ICAEW)
For and on behwlf of Moott Kihgston Smlth LLP
Chartered kcount2nLS
9 Appom Street
EC2A 2AP
DI￿ 27 January 2023
Page 8

The Camden School Foundation of Frances Mary Buss
Statement of Financial Actlvities
For the year ended 31st March 2022
Unrgstrfctsd
Funds
Restrlctod
Funds
Total
2022
Total
2021
Not9$
Incomè from:
Voluntary Income
Rèntal Income
Investments
69.781
5.215
1.063
122.335
192,116
5,21S
1,063
237.373
76,059
122,335
198.394
238,503
Expendltur• on:
Ra181ng funds
Charflable actlvitles
911
101,122
911
320,814
4,350
359,734
219.692
102033
219,692
321.725
Not In¢•m•ll•xp•ndlture} for th• year
125,9741
197,3571 {123,3311
1125,581)
Tran•hr of fund•
13
113,5661
13.566
Inv••tm•nt gaIn￿{lO•s*S)
1,487
1,487
4.844
N•t movement In fund•
13
38,053
83,791
121,844
120.736
Tot•1 fund$ brought foTh¥8rd 1 Aprfl
549,446
8,848,666
9,198.112
9.318,848
Total fund¥ carrl•d forward 31 March
13
511,393
8 S64.875
9.076,288
9,198,112
Th•r8 are no recognlsed galns and losse8 other than tho$8 In tho $1418m8nl of flnanclal acllvllleg. All the above amunt8
r¥lat¢ to continuing actlvllle8.
The notes on pages 1110 17 fom) part of these accounts.
Page 9

The Camden School Foundation of Frances Mary Buss
Balance Sheet
As at 31st March 2022
Notes
2022
2022
2021
2021
Flxed Assets
Tangible assets
Investments
8.714,606
36,427
8,879,655
34,940
8.751.033
8.914.595
Current Assets
Debtors
Cash at bank and In hand
21.376
308.394
9.855
281.228
329,770
291.083
Crodltors: Amounts falllng due
wlthln one year
Net Current Assets
325.235
283.517
Net Assets
9.076.268
9,198,112
Funds
General funds
Deslgnated funds
Restrided funds
447.153
64.240
8.564.875
403.023
146.423
8,648.666
13
9.076.268
9,198.112
The notes on pages 11 to 17 fonn part of these accounts.
9 /Voy 2022
Approved by the Board of trustees. and aulhorised for dtslritrxrtM)n, on ...................
and signed on its behalf ty.
Trustee
Trustee
Date: 2023
Page 10

The Camden School Foundation of Frances Mary Buss
Notes to the accounts
For the year ended 31st March 2022
Accountlng pollGIoS
(a) Basls of accountlng
The flnandal Stslemgnts have been prepared in accordan¢o with the Flnanclal Reporting Standard applicable in
the UK and Republic of Ireland IFRS 102). The Charltable Company is a public benefit entlty for the purposes of
FRS 102 and therefore the Charfty also prepared ils flnanclal stat8menl$ In accordance wlth the Statement of
Recommended Practice applic8bl8 to charities pr8paring thelr accounts in accordance with the Financial
Reportlng Standard applicable In the UK and R8publlc of Ireland (The FRS 102 Charltles SORP) and the
Charities Act 2011.
The Charity is a publ1¢ beneflt company for the purpos8s of FRS 102. The Fin8n¢ial Statements are prepared in
st8rfing thieh is the fun¢tlonal curr8ncy of the entity. Monetary ami)unts In these Financial Statements are
rounded to the nearest pound.
Golng concern
The Injstees have assessed whether the use of the going concem basls 58 appropriate and have consldered
possibl8 events or condlllon$ that mlghl cast signlflcant doubt on th• ablllty of the charlty to continu8 as a golng
concom. The Iru$lee$ have made Ihi8 assessment for a period of al least one year from the dale of approval of
the financlal stalemenls. Whllst donations may fall, the majorfty of income Is from grants whlch are recelved to
facllilate works to the buSldlng8 and these works are only commilled to If fundlng Is in place- whlch th&y are for at
least 12 months from the signing of the balance sheel. After maklng enqulrles the trustees have Goncluded Ihal
there Is a reasonab18 expectallon that the ¢h8rSty has adequate r8sources lo conlinuo In operallonal exlstence for
the foreseeabl8 futur&. Tha ¢hartty thorefore ¢ontlnu88 to adopt thè going concom ba81s In preparlng Ils financial
$tal8menls.
{bl Incom•
Grants, Indudlng grants for the purchase of flxed assels, are recognlsed In full In tho Statement of Flnan¢lal
Acllvllles In the ye8r In whl¢h Ihey ara recelvablg.
Where entluemenl to grant income requires a 5pecSflc performance to be achleved11.e. perfomance related
grant) then Incoming resources are recognlsed only to Ihe extent that the performance has taken place. Where
monlas are recelved In advance of entlllemenl they are deferred and onty recognlsed when the activlty provldlng
an entlllement to th1$ Income h98 tsken ptac¢.
1¢) R••our¢e$ •xponded
All expendlture Is accounted for on an apxwals b831s.
Resources expended ar8 recognlsed In tho perfod In whlch they are Incurred. R880urces expended Include
attrlbutable VAT whlch cannot bo re¢ov6red. Staff cost expenses arè allocal8d on the basss of tlme spenl during
tho year. A proportlon of salary costs for the bursar, finance staff and clerk are re¢harg8d lo the charlly from the
school.
(d) Dopr•clatlon
DepreclatKin Is provlded al rates c81culaled to wrfte off th8 cost of gach asset ovor its oxpected useful Ilfe as
folknvs..
Freehold bulldlngs
50 years - Slralght Ilne basls
Flxtures and equlpmenl 25% reducing balance
Items are ¢apitali$8d where the purchase prfce of the asset or lolal project •x¢eeds £2.000. Each Class of
asset is valued at cosL
{e) Investments
Invgstments ar8 included at markot value as at the balance sheol date. Realised and unrealised gains or Ioss8S
are accounted for withln the particular fund of which the asset forms a part and are recognised on the face of the
SOFA.
Page 11

The Camden School Foundation of Frances Mary Buss
Notes to the accounts
For the year ended 31st March 2022
(fj Fund a¢¢ountlng
Unrestricted funds are donathjns and other inu)me re￿Nable or generated for the ob5ects of the charity
vAthout further $pe¢ifi8d purposes and a￿ avallable as 9eneral lunds.
Deslgnated funds are unrestricted funds earniarked by the truslees for partlcular purposes.
Restricted funds are to b8 used for $p8cific purposes as LaKI dr2*m by donor. Expenditur• which meets
these critefia is charged to the fund, tcg&ther ￿th an a110¢2tion of management and support costs rf
appropriate.
(gl Critical a¢¢ountlng estlmates and areas of judgement
Estimales and judgements are continually evaluated arwj are based on histori¢al experience and oth8r
factors Induding expecta￿ of fijture events thal We bel￿ed to be reasonable under the circumstsn¢es.
l. Doprnciatlon charge
The annual depreoation tharge for assets 1$ sensltNe lo changes in the estimated useful economi¢
lrfe of the assets. useful fves are rw$$essed annually and are amended bthere nocessary to reflect
Current estimate$.
11. Salary re4haryes
Salary recharges are made by Camden School to the Foundation based on estimated staff time spond by
slaff employed at Camden School for support and administrative duties at the Foundation.
(h) Flnan¢ial InstNments
l. Cash and equlvalents
Cash and cash equNalents indude cash at banks and wi hand and short terni deposlts wfth a maturity dale
of three months or less.
11. Investments, debtors and ¢rgdltors
Debtors and creditors receivable or pay3ble wthin one Jear of the repcwting dale are carried at their at
transaction price. Debtors and creditors that are receivabb or paydbie in more than onp year and not
subject to a market rale of interest are measured at the present value of the expected future receipts or
payment discounted at a market rate of interest. Investments We also basic financral instruments and ar8
ac￿Inted for as dexribed in note le) above.
2 Voluntsry Income
Unrestrlcted Restrlcted
2022
2022
Total
2022
Grants
Other donations
122,095
240
122.095
70.021
192.116
69.781
69,781
122,335
Unr•strlcted
2021
Rostricied
2021
T¢)tal
2021
Grants
Otsr donatlons
173.210
2,990
176,200
173,210
84.163
237.373
61,173
61.173
Page 12

The Camden School Foundation of Frances Mary Buss
Notes to the accounts
For the year ended 31st March 2022
3 Invéstment Income
2022
2021
Unrestricted income from investments
1.063
1,268
4 Analysls of 2022 Total Exponditure
Fundralslng Dlrect costs
Support
2022 Total
Staff costs
Bank charges
Charitable aclNitses
Grants awarded to Camden School for Girls
Fundraising costs
Depreciation on fixed assets
Audit and accountancy
Legal and professional
InsurarKe
Sundry
7,500
36
1.165
1.165
911
911
300.710
4.535
6.418
200
250
300,710
4,535
6.418
200
250
911
302.125
18,689
321.725
Analysls of 2021 Totsl Expendlture
Fundralslng Direct costs
Support
2021 Total
staff costs
Bank charges
Charitable acbvibes
Grants awarded to Camden School for Girfs
Fundraislng costs
Depreciation on fix8d assets
Audit and accounlancy
Legal and professional
Insuran
Sundry
7.5CN)
7,500
36
17,727
17,727
4,350
4,350
325,392
325.392
8.013
159
8.013
159
907
364,084
907
344.026
15,708
No trustees received any remuneration during the yaar were any expenses reimbursed to trustees (2021:
£Nil).
Staff costs represent the costs ol staff empbJ*J by Camden SCI￿11 for Gwls and recharged to the
Foundation. The charfty engaged an average of one pemanent staff12021: one).
There are no higher paid eMp￿S duryw ts ￿r.
5 Nel in¢omo
2022
2021
This is sLiled after char9ing:
Depreciation
Auditors, remuneratlon - Audbt fee {net of VAT)
- Independent examination (net of VAT)
- Non audit seryices (net of VAT)
300,710
309,472
5.150
3,500
1.035
925
Page 13

The Camden School Foundatlon of Frances Mary Buss
Notes to the accounts
For the year ended 31st March 2022
6 Taxatlon
The ¢harfty Is exempt from tax on inccrfne arthj galns faI￿ng Chapter 3. Part 11 of the CoTporation Tax
Act 2010 or section section 256 of the Taxation of Chargeable Gains Acl 1992 to Ihe extent that these a
app￿ed to its d*ritable objects.
7 Tanglble Flxed Assets
Freehold
Land
lo
Building$
Fixtures and
Equlpment
Total
Cost
At 1st April 2021
Additions
511.458
10,720.21
135,662
1.970.170
13.201.834
135,662
At 31st March 2022
511.458
10.855.868
1.970.170
13.337.496
Depreciation
At 1st Aprd 2021
Charge for the year
2.680.744
218.527
1,641.436
82.183
4.322,180
300.710
At 31st March 2022
2,899.271
1.723,619
4.622,890
Ngt Book Value
At 31st March 2022
511.458
7.956.597
246.551
8,714,606
At 31st March 2021
511,458
8.039,462
328.734
8,879,654
8 Investmonts
2022
2021
In￿StMents brought for￿rd 1st April 2021
Gainl{Lo&8) on revaluation of investrnents
34,938
1,489
30,094
Market value at 31st March 2022
36.427
34.938
Cost as at 31st March 2022
9.274
9,274
During the year. the Trust was dc￿ated art frfyn Schools TAY)rth £41.100.
The art will be hekl at tsir value.
Page 14

The Camden School Foundation of Frances Mary Buss
Notes to the accounts
For the year ended 31st March 2022
9 Debtors
2022
2021
Other debtors and prepayments
21,376
9.855
10 Cr•dltOTS: Amount$ falllng due wlthln one year
2022
2021
Accruals and defer￿d Income
4,$35
7,284
4.535
7,284
11 Flnanclal Instrurnents
2022
2021
Carrylng amounts of flnanclal a$$et$
Debl in$lrum&nts measured at market valuè
36,427
30,095
Carrylng amount of Ilnanclal Ilabllltles
MeaSU￿d at amortised cost
4,535
7.284
12 Analysls of Not As$•ts b•lw••n Funds
As at 31 March 2022
General
Funds
Deslgnaled
Funds
Restricted
Funds
Total
Funds
Tanglble fixed assets
Investments
Nel current assets
128,714
36,427
282,012
64,240
8,521,652
8,714,606
36.427
325,235
43.223
Net assets at 31st March 2022
447,153
64,240
8.564,875
9.076.268
As at 31 Mar¢h 2021
General
Funds
Oeslgnated
Funds
Restrlcted
Funds
Total
Funds
Tangible fued assets
Investments
N8t current assets
128,713
34,940
239,370
146.423
8,604.518
8,879,654
34,940
283.518
44,148
Net assets at 31st March 2021
403,023
146.423
8,648,666
9,198,112
Paga 15

The Camden School Foundation of Frances Mary Buss
Notes to the accounts
For the year ended 31st March 2022
13 Mov•ments In Funds
At
1st Aprfl
2021
Transfers
Incoming
Outgolng between Investment 31$t March
Resources Resources
Funds
Gains
2022
Restrlcted funds:
Building Fund:
DIE
Others
Welfare Fund
Fundraising Specific Prol8¢ts
School Productions
Multi Use Games Area
Misceltaneous
An¢lent Greek
8,233,865
370,653
18,670
122,095
{218,527}
13.566
8,150.999
370.653
18.670
5.462
1.500
5,462
1,500
18,518
240
(1,165)
17.591
Total restrlctod funds
8,648,666
122.335
219.692
13,566
8,564,875
Unrestrlcted funds:
General
Designated..
Buikling Fund
403,023
76.059
(19.850) (13.5661
1,487
447.153
146,423
82,183
64.240
Total unr¢$trlctsd funds
549,446
102 033
13.566
1,487
511,393
Total Funds
9.198,112
198,394
321.725
1.487
9.076,268
At
1st Aprll
2020
Transfers
Incomirtg
Outgolng betwgon Investment 31st March
Resources ResouT¢es
Funds
Losses
2021
Restrlrted funds:
Building Fund-
DfE
Others
Welfare Fund
Fundralslng Specific Projects:
School Productions
Mulli Use Games Area
Miscellaneous
Ancient Greek
8.302,740
370,653
18,670
173.210 (288.2291
46,144
8.233,865
370.653
18.670
5,462
1,500
5.462
1.500
750
(750)
11,587
27,863
18.516
Total restrlctsd funds
8,726,888
176,200 46,144
300,566
Unrn$trl¢tad funds:
General
Designated-
Building Fund
408.374
62,304
{26.355) {46,144)
403.023
183.586
37.163
146,423
Total unrestrlcted funds
591,960
63.518
46,144
Total Funds
9,318,848
238.504
364.084
9.198.112
Page 16

The Camden School Foundation of Frances Mary Buss
Notes to the accounts
For the year ended 31st March 2022
13 Movements In Funds (contlnuedl
Purposes of Restrf¢ted Funds
Bulldlng Fund
DfE comprises fixed assets funded directly from the Central Govemment vla Department for Education (DFEI
and Local Authority Grants. The following grants were receNed: Devolved Fomiula Capital {DFC} and School
Condition Allocalion {SCA). The outgoing resources represant a proportion of the depreclallon charged in the
year relating lo the buildings.
Fundrai$lng $po¢ific projects
These projo¢ts ralat& to donallons recelved form the donor for specific projects at Camden School for Glds.
Welfare Fund
Represents monies kept solely to provide financial support for pupils at Camden School for Girls whose
circumstances are judged by Ihe headteacher to deprive them of appropriate educational opportunltleg. The fund
is still at the Stage where balances are being built up with a view to providing grants from the major part of the
Investment Income received.
Deslgnated Funds
Bulldlng Fund
This fund r8presgn15 funds in frxed assets paid for by the Foundation, also subl•¢t to depreclatlon.
14 Related Partles
Th8 FoundatM?n exists to provide fa¢illtl8$ and support to Camden School for Girls. During thè year th8
Foundation paid £7,50012021 .' £7,500) t¢)wards the costs of the bursar. finance department and clerk lo provlde
a¢¢ounling and admlnlstrative support lo the Foundation.
15 Capltal Commltments
At the balanc8 sheet dale the foundation was committed to capllal works to the value of £Nil12021: £Nil) in
respect of refurbishment and allemation works io the School.
Page 17