ARMLEY DEANERY SCHOOLS CHARITY ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 CHARITY NUMBER . 1014754 ADMINISTRATIVE INFORMATION ADD CHURCH HOUSE 17-19 YORK PLACE LEEDS LS12EX TRUSTEE LEEDS DIOCESAN BOARD OF FINANCE INDE ENDENT EXAMINER GEOFF PARK CHIEF FINANCIAL OFFICER LEEDS DIOCESAN BOARD OF FINANCE BANKERS CCLA INVESTMENT MANAGEMENT LTD SENATOR HOUSE, 85 QUEEN VICTORIA STREET LONDON, EC4V 4ET BACKGROUND AND OBJECTIVES The charity was established under a scheme by order of tho Charity Commissioners from insuranc8 proceeds of a former school. The objects of the charity are lo provide items, services, facilities and special benefits not normally provided from some other source for the pupils of Hunslel Church of England School and any Church of England voluntary aided or grant maintained school in the Anglican deanery of Amiley. The current agreed grant level is £18,500 per academic year per eligible school. There are currently eligible schools being Hunslet Church of England School and Beeston St Luke School. ACTIVITIES DURING THE YEAR The Armley D8anery Schools Charity110147541 {'the Trusl'l gave grants during the year in a¢¢ordance ilh the purposes of the Trust's objectives lo the value of £37,000 {2022.. £37,000). Dividends and interest received during the year amounted to £41,18212022.' £40,597) giving a surplus of receipts over payments of £4,18212020'. £3.597 surplus). The investments showed an unrealised gain in the year of £133,03512022- £182,39410ss). Total fLJnds at the end of the year were £1,534.66312022.. £1,397,446) STRUCTURE. GOVERNANCE AND MANAGEMENT The Leeds Diocesan Board of Finance ILDBFI is the managing trustee of the Trust. During 2023 grant applications were received and reviewed by the Leeds Diocesan Board of Education. DECLARATION The Trustees have approved th Trustees, report ab Signature JLJL4- La; Full Name Posikn'on Dale INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS ARMLEY DEANERY SCHOOLS CHARITY Reglstered charity number 1014754 On accounts for tho year ended 3111212023 I report to tho trustees on my examination of the accounts of the above charlly {'the Trust,) for Ihe year ended 31 sl December 2023 whlch are sel out on pages 5 10 7. Respon$lbllltle$ and basls of report As Ihe charitys trustees, you are responsible for th8 preparation of the accounts In accordance with the requlrerrienls of the Charities Act 20111.lhe Acr). I report In respect of my examlnalion of the Trust's accounls carried out under section 145 of tha 2011 Act and in carrying out my examination, I have followed all the applicable directlons given by the Charity Commission under s6clion 14515)Ibl of the Act. Indepondont examlnerfs $tatem8nt I have completed my examlnatlon. I confirm that no material matters have come to my attention in connection with the examination whSch gives me cause to believe that In, any m8terfal respect.. the accountlng records were not kept In accordance with SeC￿On 130 of the Charities Act., or the accounts did not accord with the accounllng records., or th8 accounls did not comply with the appllcable requirements concerning the form and content of accounts set out in the Charili8s (Accounts and Reports} Regulations 2008 other than any requlrement that the accounts give a 'true and fair, vSew which is nol a matter consldered as part of an independent examlnalion. I have no concerns and have come across no other matters in connectlon wlth Ihe examinalion to whlch allenlion should be drawn Sn this report In order to enable a proper understanding of the accounts to be reached. Slgnature Date . G8off Park Chief Finance Officer Leeds Diocesan Board of Finance ARMLEY DEANERY SCHOOLS CHARITY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Total Funds 2023 Total Funds 2022 Notos Ro$lrld•d Funds Incomlng resources Donations, legacies & slmilar incoming resources- Investment Income Granls from prior year not cashed Glfl from other amalgamated charitable Trusts Total Incomlng resources 41,182 41,182 40,597 41,182 41,182 40,597 Resources expendod Charitable expenditure- Grants payable.. general other expendllure Total resources expended 37,000 37,000 37,000 37,000 37,000 37,000 Nel incomlng resour¢e8 before transfers 4,182 4,182 3,597 Net incoming resources before dlsposa18 of investment assets Gains and1088as on revaluations 8nd nvestmenl assets 4,182 4,182 3,597 133,035 133,035 182,394 Not movement in funds Total funds brought forward al 1 January 137,217 137,217 178,797 1,397,446 1,397,446 1,576,243 Total funds carrled forward at 31 December 1,534,664 1,534,664 1,397,446 ARMLEY DEANERY SCHOOLS CHARI BALANCE SHEET AS AT 31 DECEMBER 2023 Notes 2023 2022 Fixed assets Investments 1,489,099 1.489,099 1,356.064 1,356,064 Current assets Debtors Cash at bank and in hand 45.565 45,565 41,383 41,383 45.565 41,383 Current Llabilities Creditors Net current assets Total assets less current liabilities 1,534,664 1,397,446 Totsl not assets 1,534.664 1.397,446 Capitsl and reseTV¢S Restrlcted funds 1,534,664 1,397,446 Total Reserves 1,534,664 1,397,446 The notes on Page 7 form part of these a¢counts. Slgned .dffjQ- LJJ Full Name Position Date ARMLEY DEANERY SCHOOLS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 1. ACCOUNTING POLICY Basls of accountlng The financlal Statements are prepared under the hlstorSG cost Gonventlon as modified by the revaluation of Snvestments In accordance with appllcable accounting standards and the St8tement of Recommended PraGtiGe for Charities. Investments Investments are slated al Bid Market Value. Reallsed and UnrealSsed galnsllossgs are reflected In the slalemenl of Flnancial Activilles. Reserves The reserves pollcy Is lo maintaln a deposll account balance which equat6s lo one academlc ye8rs' worth of grant payments. Given that Ihls is equivalent to £37,000 in lina with the currenl agreed grants and should not ordinarily exceed the annual Income, free reserves are slgnSficanlly above the required level. 2. INVESTMENT INCOME 2023 2022 Depostt Fund Interest Dlvldends Recelved 717 40,466 41,182 363 40,234 40,597 3. GRANTS 2022 2022 Hunslet st Mary Academy School Beeston Sl Luke School 18,500 18,500 18,500 37,000 4. FIXED ASSET INVESTMENT8 2022 2022 Market Value al 1 January Additions Disposals Net unreallsed {lossygaln Market Valu6 at 31 December 1,356,064 1,538,458 133 035 1489 099 -182,394 1356 064 No shares were bought or sold during the year 5. RESERVES Revenu Capltal Total Balance al 1,1.2023 Galn I (Lossl for the year Balance al 31.12.2023 41,383 1,356,064 133 035 1489 099 1,397,446 137.217 1534 664