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## **PARENTS AND FRIENDS OF BORDEN GRAMMAR SCHOOL**
## **ANNUAL REPORT AND ACCOUNTS**
## **FOR THE YEAR ENDED 31 JULY 2024**
## **INDEX**
||Page|
|---|---|
|Report of the Trustees|2|
|Independent Examiner's Report|3|
|Receipts and Payments Account|4|
|Statement of Assets and Liabilities|5|
|Notes forming part of the Accounts|6|
|**TRUSTEES**|**BANKERS**|
|Christopher Brinn|HSBC bank plc|
|Vicki Meacham||
|Garry Mulligan||
|Ashley Tomlin||
|Veronica Vladiuc||
|**PRINCIPAL ADDRESS**|**ACCOUNTANTS**|
|Borden Grammar School|UHY Hacker Young|
|Avenue of Remembrance|Thames House|
|Sittingbourne|Roman Square|
|Kent|Sittingbourne|
|ME10 4DB|Kent|
||ME10 4BJ|
## **CHARITY REGISTRATION NUMBER**
800823
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## **PARENTS AND FRIENDS OF BORDEN GRAMMAR SCHOOL**
## **REPORT OF THE TRUSTEES for the year ended 31 JULY 2024**
The trustees present their report, together with the unaudited accounts for the year ended 31 July 2024.
## **AIMS AND OBJECTS**
The charity is also known as Borden PFA (Parent and Friends Association).
The charity's objects are to advance the education of the pupils in Borden Grammar School, Sittingbourne through:
(a) the development of relationships between staff, parents and other associated with the school;
(b) engage in activities which support the school and advance the education of the pupils attending it; and
(c) provide and assist in the provision of facilities for education at the school.
## **FINANCIAL REVIEW FOR THE YEAR**
During the year the charity was fortunate to be informed that a former pupil of the school had included a legacy to the charity as part of his will. The legacy of £193,241 was received in November 2023, and will be passed on to the school in due course to use to advance the education of its current and future pupils.
Usually the charity's main source of income is receipts from the 'Lucky Numbers' scheme, where participants not only help to support the PFA and school, but can also win cash prizes. The legacy meant that the charity's income was far greater this year, with interest of £1,354 generated on the higher level of cash held providing a further boost to funds. With total income of £195,915 the accounts were this year subject to an independent examination.
Expenditure for the year ended 31 July 2024 was modest and limited to the PFA subscription and a council lottery and raffle licence.
The net surplus, or excess of income over expenditure, for the year was £195,679 compared to £913 in 2023. As a result, cash funds at the end of the year increased to £199,688.
The trustees declare that they have approved the trustees' report above.
Signed on behalf of the charity's trustees on
**Ashley Tomlin**
2
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF PARENTS AND FRIENDS OF BORDEN GRAMMAR SCHOOL**
## **FOR THE YEAR ENDED 31 JULY 2024**
I report to the trustees on my examination of the accounts of the above charity for the year ended 31 July 2024.
## **Responsibilities and basis of report**
As the charity trustees 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 charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed 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 which gives me cause to believe that in, any material respect:
- accounting records were not kept in accordance with section 130 of the Act; or
- the accounts do not accord with the accounting records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
A.R. Hickie BSc FCA
## **UHY Hacker Young**
Chartered Accountants Thames House Roman Square Sittingbourne Kent. ME10 4BJ
Date:
3
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## **PARENTS AND FRIENDS OF BORDEN GRAMMAR SCHOOL**
## **ACCOUNTS for the year ended 31 JULY 2024**
## **RECEIPTS AND PAYMENTS ACCOUNT**
|**Receipts**
Legacy
Lucky Numbers game
Bank interest
Refreshments for Open & Parents' Evenings
**Total Receipts**
**Payments**
PFA subscription
Council Lottery and Raffle Licence
Bank charges
Lucky Numbers game
Refreshments for Open & Parents' Evenings
**Total Payments**
**Net of Receipts less Payments**
Cash funds last year end
**Cash funds at 31 July 2024**|**Unrestricted**
**funds**
**£**
193,241
1,320
1,354
-
195,915
153
20
63
-
-
236
195,679
4,009
**199,688**|**Restricted**
**funds**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**2024**
**Total**
**funds**
**£**
193,241
1,320
1,354
-
195,915
153
20
63
-
-
236
195,679
4,009
**199,688**||**_2023_**
**_Total_**
**_funds_**
**_£_**
_-_
_1,164_
_24_
_41_|
|---|---|---|---|---|---|
||||||_1,229_|
||||||_140_
_20_
_70_
_84_
_2_|
||||||_316_|
|||||||
||||||_913_|
||||||_3,096_|
||**199,688**|-|**199,688**||**_4,009_**|
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## **PARENTS AND FRIENDS OF BORDEN GRAMMAR SCHOOL**
## **STATEMENT OF ASSETS AND LIABILITIES AT 31 JULY 2024**
|||||||**2024**|||**_2023_**|
|---|---|---|---|---|---|---|---|---|---|
|||**Unrestricted**||**Restricted**||**Total**||||
|||**£**||**£**||**£**|||**_£_**|
|**Cash funds**||||||||||
|Bank Current Account||5,890||-||5,890|||_1,127_|
|"Lucky numbers" Money Master Account||193,547||-||193,547|||_2,631_|
|Cash in Hand||251||-||251|||_251_|
||-|199,688||-||199,688|||_4,009_|
|||||||||||
|**Other monetary assets**||-||-||-|||_-_|
|||||||||||
|**Total Assets**||199,688||-||199,688|||_4,009_|
|**Liabilities**||||||||||
|Creditors due||576||-||576|||_-_|
|||||||||||
|**Total Assets Less Liabilities**||199,112||-||199,112|||_4,009_|
Approved by the Trustees on and signed on their behalf by:
## **Ashley Tomlin**
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## **PARENTS AND FRIENDS OF BORDEN GRAMMAR SCHOOL**
## **NOTES FORMING PART OF THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2024**
## 1 **ACCOUNTING POLICIES**
The charity's accounts have been prepared in accordance with applicable accounting standards using the Receipts and Payments basis.
## **Funds**
Unrestricted funds represent the funds of the charity that are not subject to any special restrictions regarding their use and are available for application to the general purposes of the charity.
Restricted funds would include any funds with terms and conditions creating such special restrictions.
The accounts include monetary transactions, assets and liabilities, for which the charity can be held responsible.
Subject to the above, receipts and payments include income as received and expenditure when irrevocably paid.
## **Statement of Assets and Liabilities**
Closing bank balances are shown in the receipts and payments account.
Creditors for goods or services where the supply has been received and invoiced by 31 July 2024 have been recognised as liabilities in the Statement of Assets and Liabilities.
Liabilities also include the committed fee for the preparation and independent examination of the charity's receipts and payments account for the year.
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