Charity Registration No. 1165196
Company Registration No. 00383983 (England and Wales)
THE FRIENDS OF CANFORD SCHOOL
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
10 Bridge Street
Christchurch
Dorset
BH23 1EF
THE FRIENDS OF CANFORD SCHOOL
CONTENTS
Page
Company information
1
Member's report
2 - 4
Accountants' report
5
Statement of financial activities
6
Balance sheet
7
Notes to the financial statements
8 - 11
THE FRIENDS OF CANFORD SCHOOL
COMPANY INFORMATION
- 1 -
Members
Mrs. V Arkell
Mrs. D Stocks
Mr. B Vessey
Rev. P Jack
Mrs. A Ambrose-Hunt
Ms. T Fleming
Ms. L Farthing
Mr M Durham
Mrs J Howells
(Appointed 19 July 2024)
Mrs P Graham
Miss R Gaston
Mrs C Coulson
(Appointed 19 July 2024)
Dr H Robertshaw
(Appointed 4 October 2024)
Secretary
Mr T Brown
Charity number
1165196
Company number
00383983
Accountants
TC Group
10 Bridge Street
Christchurch
Dorset
BH23 1EF
THE FRIENDS OF CANFORD SCHOOL
MEMBER'S REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 JULY 2024
- 2 -

The members present their annual report and financial statements for the year ended 31 July 2024.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016)

Objectives and activities

The objectives of the Friends of Canford School are advancement of education by affording assistance to Canford School and to pupils of the school and for the continuance of their education after leaving the school.

The charity provides grants for projects and bursaries in support of the school, its pupils or wider community that assist the school in achieving any of its charitable purposes.

Public benefit

The members have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance
Significant activities and achievements against objectives

2023 was a special year. Not only did it mark the centenary of Canford’s foundation, but, given The Friends of Canford School was incorporated on the 22nd November 1943, it also heralded our group’s eightieth anniversary. Notwithstanding the auspicious landmarks reached, we still kicked off the new academic year with our most popular (and profitable) event, Quiz Night!

February was all about fashion, with Canford hosting its first sustainable Fashion Show in collaboration with the Wardrobe Foundation, just one of the amazing organisations we have been able to support.

Spring saw Zoe Wilson, renowned sculptor and creator of the School’s centenary sculpture, capture the imagination of our Lunch guests when she spoke passionately about her work, while summer was all about outdoor activities. We were blessed by wonderful weather for our annual Charity Golf Day and for our History and Arboretum tours which always prove so popular.

This year, we hosted a Commando Quest activity for the first time, a unique afternoon combining paintball target practice, shooting range, assault course and room clearance activities; perfectly pitched to give a taste of what the children get up to at the School’s outdoor education facility.

Most importantly, we were delighted to welcome so many parents to our events and, while at the same time, raising funds for those causes Canford pupils hold dear. We have also been on an active recruitment drive which has seen our director numbers increase and volunteer base grow.

Our thanks go to all those who have contributed, particularly to our committee members for all they have done, and continue to do. It has been a very special year indeed.

 

 

 

 

THE FRIENDS OF CANFORD SCHOOL
MEMBER'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 3 -
Financial review
Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The members considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

 

Major risks

The members have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The company is governed by its Memorandum and Articles of Association dated 28 February 2015.

 

The number of members shall be no less than five and shall include not less than three persons nominated by the Council of Governors of Canford School.

 

New members appointments are made after advertising throughout the membership. Candidates are co opted to council and proposed for election after suitable experience.

The members, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mrs. V Arkell
Mrs. D Stocks
Mr. B Vessey
Rev. P Jack
Mrs. A Ambrose-Hunt
Ms. T Fleming
Ms. L Farthing
Mr M Durham
Mrs J Howells
(Appointed 19 July 2024)
Mrs P Graham
Miss R Gaston
Mrs C Coulson
(Appointed 19 July 2024)
Mrs L Tazzyman
(Resigned 23 September 2023)
Dr H Robertshaw
(Appointed 4 October 2024)
Recruitment and appointment of trustees

The members appointed by the Board of Governors have regular training in the course of their duties at the school.

 

THE FRIENDS OF CANFORD SCHOOL
MEMBER'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 4 -

The member's report was approved by the Board of Members.

Mr M Durham
Director
24 December 2024
THE FRIENDS OF CANFORD SCHOOL
CHARTERED ACCOUNTANTS' REPORT TO THE MEMBERS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THE FRIENDS OF CANFORD SCHOOL FOR THE YEAR ENDED 31 JULY 2024
- 5 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Friends of Canford School for the year ended 31 July 2024, which comprise the statement of financial activities and the related notes from the charity’s accounting records and from information and explanations you have given us.

It is your duty to ensure that The Friends of Canford School has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and surplus of The Friends of Canford School. You consider that The Friends of Canford School is exempt from the statutory audit requirement for the year, and is not required to obtain an independent examiner's report.

We have not been instructed to carry out an audit or a review of the financial statements of The Friends of Canford School. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

TC Group
2 January 2025
10 Bridge Street
Christchurch
Dorset
BH23 1EF
THE FRIENDS OF CANFORD SCHOOL
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JULY 2024
- 6 -
2024
2023
Notes
£
£
Income and endowments from:
Donations and legacies
-
1
Other trading activities
3
4,391
4,199
Charitable events
2
15,474
14,030
Total income
19,865
18,230
Expenditure on:
Charitable activites
4
13,496
13,841
Charitable events
2
3,851
3,558
Total charitable expenditure
17,347
17,399
Net movement in funds
2,518
831
Fund balances at 1 August 2023
31,225
30,394
Fund balances at 31 July 2024
33,743
31,225

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
THE FRIENDS OF CANFORD SCHOOL
BALANCE SHEET
AS AT 31 JULY 2024
31 July 2024
- 7 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
7
-
2,250
Cash at bank and in hand
34,543
31,901
34,543
34,151
Creditors: amounts falling due within one year
8
(800)
(2,926)
Net current assets
33,743
31,225
The funds of the charity
Unrestricted funds
33,743
31,225
33,743
31,225

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 July 2024.

The directors acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the members on 24 December 2024
Mr M Durham
Director
Company registration number 00383983 (England and Wales)
THE FRIENDS OF CANFORD SCHOOL
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
- 8 -
1
Accounting policies
Charity information

The Friends of Canford School is a private company limited by guarantee incorporated in England and Wales. The registered office is The Bursary, Canford School, Canford Magna, Wimborne, Dorset, BH21 3AD.

 

The Friends of Canford School is a company limited by guarantee and accordingly does not have share capital.

 

Every member of the charitable company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of it being wound up while he or she is a member, or within one year after he or she ceases to be a member.

1.1
Accounting convention

The accounts have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

 

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest pound.

The accounts have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Charitable funds

Unrestricted funds are available for use at the discretion of the members in furtherance of their charitable objectives.

1.3
Incoming resources
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

1.4
Resources expended

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of expenditure to which it relates.

 

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

THE FRIENDS OF CANFORD SCHOOL
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
1
Accounting policies
(Continued)
- 9 -
1.5
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

2
Charitable events
Surplus/
Income
Expenditure
(deficit)
£
£
£
2023 - 24 events
Real tennis
325
(62)
263
Arboretum walk
689
(47)
642
Rowing
700
(129)
571
Rifle range
320
(49)
271
Quiz night
4,046
(1,643)
2,403
Auction
1,100
-
1,100
Spring lunch
1,508
(725)
783
Noel! Noel!
862
(333)
529
History tour
754
(186)
568
Golf day
2,492
(444)
2,048
Sculpture workshop
660
(20)
640
Fashion show
1,068
(184)
884
Boot camp
950
(29)
921
15,474
(3,851)
11,623
3
Other trading activities
2024
2023
£
£
Facility fees
217
822
Subscriptions under covenant
4,174
3,377
4,391
4,199
THE FRIENDS OF CANFORD SCHOOL
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 10 -
4
Charitable activities
2024
2023
£
£
City reach project
3,775
4,226
Faithworks Wessex
2,500
-
High Mead Farm
-
883
Wardrobe Foundation
1,040
-
Wimborne & District Community
-
2,500
Bourne Academy
5,000
5,000
Event catering
97
228
12,412
12,837
Operating expenses
Accountancy
894
852
General expenses
32
15
Computer expenses
79
72
Bank charges
79
65
13,496
13,841
5
Employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
Total
-
0
-
0
There were no employees whose annual remuneration was more than £60,000.
6
Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

7
Debtors
2024
2023
Amounts falling due within one year:
£
£
Prepayments and accrued income
-
2,250
THE FRIENDS OF CANFORD SCHOOL
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 11 -
8
Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
800
2,926
9
Unrestricted funds
Incoming
Outgoing
2023
resources
resources
2024
Unrestricted income
31,225
19,865
(17,347)
33,743
Purpose of unrestricted funds
The general fund is an ongoing fund used for the day to day running of the charity.
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