Inverurle Academy School Fund Annual Report and Accounts 31st March 2025 Reglsterad Charlty Number SC000158
Inverurle Academy School Fund Managemènt Commlttee Report Legal and Admini$trative Arrangemants The Inverurie Acad8my School Fund is a non proflt making charity registered in Scotland with registration number SC000158. Its principal address 18 Inverurie Academy, Victoria Str88t, Inv8rurie, Aberdeenshir8. AB513QZ. Obléctlvas and Organlsatlonal structuro of tho Invarurle Acad•rny School Fund The ObJectlv8s and Organisation of the Invenjrie Academy School Fund ar8 set out In the School Fund's wrltten constltutlon. The objectlve of the School Fund Is to encourage educational activitie5 and addrtional courses for puplls at Inverud8 Academy. especlally puplls part[patIng In soclal. muslcal and sports actlvltles In connectlon wlth the school. The affalrs of the School Fund are conducted by the Trust88s who m88t and act as frequently as necessary to conduct the buslness of th8 School Fund. The Management commlttee consists of three Trustees elected at the Annual General Meeting. The TTUStees, namely the Rector, Deputy Rector and the School Administrative Asslslant of Inverude Academy SeGretsry and Treasurer are appointed as per the con8titution. Office Boarers The offl¢e bearers of the School Fund at the end of Iho yoar were as follows: R8Ctor Deputy Rector Administratfve AssSstant Flnanclal Revlew The net surplus for th8 year was £29,075 (2024: surplus of £18.734>. Total Income for the year amount8d to £246,630 {2024.' £187,272) and totsl expenditure for the year amounted to £217,555 (2024: £170,538). Actlvltle8 In tho yoar This has b8en a busy year of activities al Inverurfe Academy wlth a number of addltlonal èxpèrfences provlded for pupi18 .Resid8ntlal overseas trips to Dlsn8yl8nd Paris wlth the Science Faculty . Paris also with the Mod8m Languagos Faculty , and a Battleflelds trip with the Hurnanlties Faculty, enjoyed by all who partlclpated. CIos8r to home. rasldential trips to Mlllport wlth the Humanitles Faculty and Loch Ell adventures, for S2 puplls Royal Highland Show wllh HE staff, Edlnburgh Frlngè wlth Creative Arts Staff , Golhlc Edlnburgh wtth the Engllsh Faculty , Cullodèn wllh the Humanltles Faculty w8r8 all very successful. Football and N8tball teams contlnua to comp8t8 agalnst other schools in Aberdeenshire and across Scotland. Duk8 of Edlnburgh at V8rfous I&v61s wlth staff supportlng pupll out of school axpèdences. Gaography and Sclence field trlps were supwrt8d ag81n thls year. 8s were Busln8ss and Langu8g8S Vlslts to RGU and th8 Unlverslty. Dr8m8 Staff led day trlps to the thaatre and to Sky offices In Llvlngston. Humanltles staff led a prlson experlence Irlp. Our Barista Coffee Club Is provldlng further pupil experiences. The schod was d81ight8d to r8cefv8 generous donatlons from our Parent Council. a gardenlng grant, football donatlon. a travel grant and 8 grant to support trip lo the Gordon Highlanders museum. We have an additional local buslness sponsorshlp for our annual awards trophles A donalion from Build Your Future as a result of pupN partlclpatlon in a compelltlon. Grants also received to eneble indivldual pupll participation on re5Klenlial trips. Our school Charlty group fundralslng supports our donations to other groups. Managoment committae remuneration and exp•nse$ Th8 management committ88 did rt r8c8lva any remuneration or r8Smbursement of expenses durlng the year.
Inveruri• Acadomy School Fund Management Commlitee Report Firture plans In th8 year ahead, plans are well underway for another r881dentlal over8e8S trlp to Iceland run by Humanlti83 8taff, a Naples trip run by HE staff. and a DSsneyl8nd trlp run by Sdence 8t8ff. We also plan to run another resldentjal S2 Outward Bound 8xperi8nce to Loch Eil . We will also support sporting, Duke of Edlnburgh, and ongoing d8partment proposals to enhance pupll experSen¢es We wlll also conlnue to support our varlous sportlng groups. Reserves As a result of th8 surplus of £29.075 (2024: surplus of £16.734) for the year, th8 School Fund held unre5tr1Gled funds of £211.552 (2024: £182,477) at the year end. Restrlcted funds showed no movement In the year and totalled £2,188 (2024: £2,168). Assets Assets of the School Fund at the y8ar 8nd whlch Is made up of cash at bank totalled £213.720 (2024: £184,645). Approved by the Management Commlttee on 13 I,,1 and slgned on thelr beha Rector
Invorurfe Academy School Fund Indgpondont Examlngr's Report to the Trustees of Inverurlo Academy School Fund I report on the accounts of tha charity for the year ended 31st March 2025 which are set out on pag8s 4 to 6. Ro8pactlve respon8lbllltl88 of tru8t8e8 and fjxamlnar The charlty's twslees are r85pon51ble for Ihe preparatlon of Ihe accounts in accordance wlth the 18mis of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Re9uiations 2006. The charity trus1885 conslder that audlt requlrement of R8gulatlon 10(11 (d) of the 2006 Accounts Regulatlons does not apply. It is my responsibility to examine the accounts as requSred und8r seciion 44(1) (c) of the Act and to state whether particular matters have come to my altention. Basls of Independent examlnef s statement My axarnlnatlon 18 Carrled out In accordance wlth R8gulatlon 11 of tha 2006 Accounts R8gulation8. An examination includ86 a r8v58w of th8 accountlng r8cords kept by the charity and a comparlson of the accounts pr8s8ntad with those records. It also indudas consideration of any unusual Items or dlsclosur@s in the accounts, Bnd seeks explanatlons from the trustees Concernlng any such matters. The procedures undertaken do not provide 811 the evidence that would be requred in an audll, and consequanuy I do not 8xpr8ss an audll oplnlon on th8 vl8w glv8n by the accounts. Independent examlner's stat•m•nt In th8 cours8 of my examlnatlon. no matt8r ha5 come to my attention whlch glves me reasonable cause lo believe that in any rnaterial respect the requlrements: to keep accounting records In accordance wlth Sectlon 44{1) (a) of the 2005 Act and Regulatlon 4 of the 2008 to prepare accounts whlch accord wlth the accoundng records and comply wlth Regulatlon 9 of the 2006 Accounts Regulatlons have not be8n mat, or 2 to whlch, sn my oplnlon. attentlon ghould be drawn In order to enable a proper understandlng of th8 counts to reached. Chartered Accountants 5 High Street Inverurie AB513QA
Invorurié Academy School Fund Slatgmgnt ol Flnancial Activities for tho yoar ended 31st March 2025 2025 2025 Unrejtrlcted Restrlcted Funds Funds 2025 Tolal Funds 2024 Total Fund¥ In¢offllng resources Incomlng r8sources from generated funds Acllvltles for generatlrvJ funds Investment Income Incomlng resources from charltable actlvitle5 14,893 7,259 224.478 14,893 7,545 7,259 7.506 224,478 172.221 Total Incomlng rosource8 248 630 248 630 187 272 Resources expendod Charltable actlvltl•$ Support costs 217,147 408 217,147 170,538 408 Totsl re8ourc•$ expended 217555 217 555 170 538 Net movement In funds 29.075 29,075 16,734 Total fund8 brought forward 182,477 2.168 184,645 167,911 Totsl fund• carrl•d forward 211552 2 168 213 720 184 645
Inverurle Academy School Fund Balanc8 Sheet as at 31 March 2025 2025 2025 Unrostrlctod Reatrlcled Fund$ Fund• 2025 Total Fund• 2024 Total Fund• Bank and ca8h In hand Op8nlng balances Surplusl(d8fidt) for year 182,477 29,075 2,188 184,645 187.911 29,075 16,734 Closlng balances 211,552 2 168 213 720 184645 Reserves Genaral funds 211.552 2 168 213 720 184 645 Other than cash at bank, ther8 are no other assets or Ilabllltles at 31st March 2025: th8 School Fund has no prepaymen18 or accTual8. Approv8d by the Management Commlttee and 8ign8d on thelr beh81f on I gl l L)- IL Rector
Inverurfe Academy School Fund Notes to the accounts for the year onded 31st March 2025 Note 1 Basis of preparatlon 8a$ls of accounting Thèse accounts hav8 b88n prepared on th8 Receipts and Payments basls In acrdanCe with the Charllles & Trtsstee Investment (Seotland) Act 2005 and the Charities Accounts (Scotland) Rewlatlons (as arnended). Note 2 Accountlng pollclè• In¢omlng rosource$ Recognltlon of Ineomlng rnsources These ar8 included In the Statement of FSnancSal Activltles (SOFA) when: The charlty becomes enillled to the resources,. The Trustees are vlrtualty c8rtaln they wlll recelve the resources. The monetary value can be measured with sufficient reliablllty. Investment Income Thls Is Included In th8 accounts wh8n recefvable. Expendlture and Ilabllltle$ Llablllty recognitlon Llabilities are recognlsed as soon as there 16 a18g81 or constructive obllgatlon commlttlng the charity to pay out resources. Support costs Indude costs of the pr8paratlon and examlnatlon of ststutory accounts, and are inck]d8d when paid. Not• 3 Tran8actlon8 wlth Tru8t•os and r•lated partles Th8re were no transactlons durlng the year wlth any of the School Fund Trust68S. and there 8re no related partie8 of the S¢k01 Fund. Nots 4 Restrlcted Funds The Mlss Hadden Fund Is held to provlde funds for any puplls who Intend to travel wllh the Intention of furth8rlng an Interest In the work of the church abroad. Ther8 was no rrx)vem8nt In thls fund durlng the year to 31 st March 2025.