CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examinerfs Report Report to the trusteesldirectorsl members of Bishop Stopford's Schod Trust On accounts for the year ended 31" December 2023 Charity no.: 1038900 Company no.: Set out on pages I report to the charity trustees on my examination of the accounts of the Company for the year ended 31112 12023. Responsibilities and basis of report As the charity's trustees of the Company (who are also the directors of the company for the purwses of company law), you are responsible for the preparation of the accounts in accordan with the requirements of the Companies Act 2006 ("the 2006 Acf). Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 (Yhe 2011 Act"). In carying out my examination. I have followed the Directions given by the Charty Commission (under section 145(5)(b) of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention (other than that disclosed below") which gives me cause to believe that: ' accounting records were not kept in accordan with section 386 of the Companies Act 2006. or . the accounts do not accord with such records". or the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a Irue and fairf view which is not a matter considered as part of an independent examination. or .the accounts have not been prepared in accordance with the Charities SORP (FRS102). I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: trA Date: 20£F Name: Mrs. Sian Ault
Relevant professional qualification(s) or body (if any): MAAT Address: 6 Stone Hall Road Winchmore Hill London N21 ILP Section B Disclosure Only complete rf the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). Give here brief details of any items that the examiner wishes to disclosè.
Bishop Stopford's School Trust Trust Fund Revenue Accounts for the period from tstjanuaryto 315t December 2023 2022 2021 2020 Re¢elptS Development Fund 1981 Fund Mabel Roberts Fund Polycarp Fund Prize Funds stopford Bursary 11,325.78 13.969.37 4.999.87 2.737.08 2,186.71 3.297.47 38.516.281 8.941.87 11831.01 4769.32 8.511.88 11,8(Y).91 4026.49 8.091 10,647 3,622 26.98 2281.86 1,793 2079.08 1653.5 16.387 3713.26 3657.03 3.576 44,117 Total Re¢eipts 34985.5Z 3193L67 Payments Development Fund 1981 Fund Mabel Roberts Fund Polycarp Fund Prize Funds Stopford Bursary .3389.15 .17.133.06 -12.732.Q) -319.6 0.00 -3.050.00 -1,012 450.8 -560 -1,850.00 4,900.00¢ -1050 -1050 -1.050 Total Payments -2207Z.21 -14552.4 -2.622 Net Revenue (Totsl Receipts minus Totsl Payments) Add Balances at 1st January Balance 33,616.28 12913.31 17379.27 41.495 121.449.25 155.065.53 108 53i.94 89 661.78 121449.2S lQ8535.94 13L157 Less Tr3nsFers to Trust Fund Capital Accounts -40.000 Balance carried forward 155,065.53 121.449.25 108.53i.94 91.156.67 Trust Fund Capital Accounts for the period from Istjanuary to 31st December 2023 Balance5 at 1st January 559.643.69 Plus Transfer from Trust Fund Revenue Accounts 559,643.69 559.643.69 519.644 40.000 Balance carried forward 559.643.69 559.643.69 $59.643.69 $59,643.69 Assets at 31st December 2023 Book 193,517.04 280.160.66 76,585.21 46,184.10 43.865.99 74 396.22 23 Curr Curr A55et5 Development Fund 1981 Fund Mabel Roberts Fund Polycarp Fund Prize Funds Stopford Bursary 276.682 372.694 264.306 182,191 266,191 71.585 358.404 98.305 54.674 95,821 53,034 45.209 B8,572 46.497 3&950 81.310 41.&/9 Total Assets 714.709.2 922.615 .345 681.093 REPRESENTED BY: Trust Fund Revenue Accounts Trust Fund Capital Accounts 155,065.53 559.643.69 714,709.2 I have examined the accounting records relating to the above funds. I confirm thatthe receipts & payments & statements of asset5. eorrettly reflett the fInanS of the trust funds. detailed above, for the period ending 315t Dernber 2023 Iouk Mr5 &an Ault- Independent thminer 6 Stone Hall Road Winchmore Hill London N21 ILP Date 1910812024 Approved by theTfustees' at their meeting on 315tAugust 2024 and signed on thetr behalf . Martyn Ca5well- Chairman 31 Oakwood Park Road Sout1ate London N14 6QO Daniel Weeden- Treasurer 6 Green Dragorh Lane N212LD ishopStopfordS School Trnst- RegsttredthorityNumberlL7389Li7.Accwntsfvr2023-Poqe Two
Bishop Stopford's School Trust - Development Fund Trust Fund Revenue Account for the period from 315t Decernber 2022 to 31st December 2023 2021 2022 Receipts Central Board of Finance Deposit Account Interest Virgin Money Deposit Account Interest Allianz UK Listed Opportunities Fund Units Dividend Aberdeen Standard UK Equity Income Fund Dividend C.B.F. Property Fund Dividend HSBC Growth and Income Units Dividend 193.84 72 34.02 36 359 772.69 835 838.85 454 463 858.11 533 388 Jupiter UK Growth Fund Dividend M&G Charifund Income Units Dividend 184.42 173 129 4.293.78 3,716 4.168 BNY Mellon- Newton Higher Income Fund Dividend Schroder Income Units Dividend 1.907.41 1,566.29 1,494 1,037 907 1,349 Investment Fund Dividend, for Bursary Account Total Receipts Payments Grants to School 676.37 465 11,325.78 8.512 8.942 0.00 Net Revenue 11.325.78 Add balance at 1st January 44,022.57 Balance 55,348.35 Le55 Transfer to Trust Fund Capital Account 0.00 Balance carried forward 55,348.35 Trust Fund Capital Account for the period from 31st December 2022 to 31st December2023 Balance at 1st January 138.168.69 Plus Transfer from Trust Fund Revenue Account 0.00 Balance carried forward 138,168.69 Balance Sheet at 31st December 2023 Assets Book Unit Price 31 C.B.F. Deposit Account Virgin Money Deposit Account National Westminster Current Account 17,771.96 17.772 4.030.14 4,030 520.67 521 Cash 25.18 25 12,300.29 Allianz UK Listed Opportunities Fund C Class Acc. OEIC 5,099.20 Aberdeen Standard UK Income Equity Fund A Share OEIC 12885.61 C.B.F. Property Fund- Income 13,823.20 9.912.89 1.9212 23,631 3.7818 19,284 18.000.00 1.2323 15.879 13,535.03 HSBC Growth and Income Fund (Accumulation Cl 8,307.21 Jupiter UK Growth Units-j Class 5.021.969 M&G Equities Investment Fund for Charities ICharifund} Units 31700.631 BNY Mellon UK Income Fund B Shares Ilncl 2,649.63 Schroder Income Unit5 20,785.50 1.6309 22,074 13.898.46 2.8908 24,014 72,065 46,280 31,107 49,912.29 14.3499 34.923.86 1.4S99 9,912.89 11.7400 Total Assets 193,517.04 276,682 REPRESENTED BY: Trust Fund Revenue Account 55,348.35 Trust Fund Capital Account 138,168.69 193,517.04 Bishop 5topford's School Trust- Registered Churity Number 10389LXI- Accountsfor2023- Poge Three
Bishop Stopford's School Trust - 1981 Fund Trust Fund Revenue Account for the period from 31st December 2022 to 31st December 2023 2021 2022 Receipts Donations 0.00 10.00 0.00 Central Board of Finance Deposit Account Interest Transfer from Community Account closure HSBC Business Money Manager Account Interest Aberdeen Standard UK Income Equity Fund Accum A Share OIEC C.B.F. Investment Fund Dividend 77.97 4.15 122.44 o.oo 39.78 101.97 1.78 16.05 1,066.06 2.741.19 876.57 484.92 2.076.01 2.581.82 Columbia Threadneedle UK Equity Income Units Dividend Janus Henderson Global Technology Leaders Fund Dividend Invesco European Equity IUKI (No Trail l Accumulation Share Invesco Equity Income {UKI (No Trail) Income Share Dividend Jupiter Income Trust Accumulation M&G Charifund Income Unit5 Dividend 605.91 511.83 575.34 0.00 0.00 634.47 516.88 622.68 1.744.11 1,330.50 1.537.74 6,997.69 0.00 6.056.48 6,743.33 National Saving5 Income Bonds ASI Standard Life Corporate Bond Fund Retail Accumulation Total Receipts Payments- Grants to School Net Revenue 0.61 0.00 0.00 396.13 106.91 13.969.37 11.780.94 12.831.01 0.00 13,969.37 28,241.29 Add balance at 1st January Balance 42,210.66 0.00 Less Transfer to Trust Fund Capital Account Balance carried forward 42.210.66 Trust Fund Capital Account for the period from from 31st December 2022 to 31st December 2023 Balance at Istjanuary 237.950.00 Plus Transfer from Trust Fund Revenue Account 0.00 Balance carried forward 237,950.00 Assets Book Unit Price 31 Central Board of Finance Deposit Account HSBC Community Account HSBC Business Money Manager Account Aberdeen Standard UK Income Equity Fund Accum. A Share OEIC C.B.F. Investment Fund Income 12.258.53 12,259 0.00 5.462.50 5,463 27,425 1824.16 24,689.44 90.000.00 15.0364 4,436.29 17,267.68 Columbia Threadneedle UK Equity Income Units 316.66 Janus Henderson Global Technology Leaders Fund A Accum. Units 3,133.90 Invesco European Equity IUKI (No Trail l Accumulation Shares 19,439.41 Invesco Equity Income IUKI (No Trail) Income Shares 6,387.74 Jupiter Income Trust Accumuation Units - J Class 8,184.432 M&G Equities Investrnent Fund for Charities Icharifundl Units 3422.86 ASI Standard Life Ilgnisl Corporate Bond Fund Retail Acc. Units 22.6053 100,284 17,337 10,000.00 i.Q04Q 5.000.00 36.49 11,555 6,002.08 2.8284 8,864 10,000.00 32,058.35 72,006.02 12,683.74 0.9666 18,790 41,364 6.4755 14.3499 117,446 3.4780 11,905 Total Assets 280,160.66 372,694 REPRESENTED BY: Trust Fund Revenue Account Trust Fund Capital Account 42,210.66 237,950.00 280,160.66 Bishop Stopford'sSchool Trust- Registered Cht7rity Number 10389CQ- Accountsfor2023- Puge Four
Bishop Stopford's School Trust - Mabel Roberts Fund Trust Fund Revenue Account for the period frorn 315t December 2022 to 31st December 2023 Receipts Central Board of Finance Deposit Account Interest 55.70 17 23 Virgin Money Charity Deposit Account Interest 30.40 io 17 M&G Charifund Income Units Dividend 4,913.77 4.U17 4.730 Total Receipts 4,999.87 4.018 4.769 Payments Grants 0.00 -320 Net Revenue 4.999.87 3.698 4,769 Add balance at 1st January 12,935.34 4,459 8,166 Balance 17.935.21 8,157 12,935 Less Transfer to Trust Fund Capital Account 0.00 Balance carried forward 17.935.21 8,166.02 12.935.34 Trust Fund Capital Account for the period from 31st December 2022 to 31st December 2023 Balance at Ist13nuary 58.650.00 58.650 Plu5 Transfer from Trust Fund Revenue Account 0.00 Balance carried forward 58.650.00 58.650 Balance Sheet at 1st July 2023 Assets Book Unit Price C.B.F. Deposit Account 5,793.61 5.794 1,713 Virgin Money Charity Deposit Account 5,041.60 5,042 5,645 5747.098 M&G Equities Investment Fund for Charitie5 Icharifundl Units 65.750.00 14.3499 82,470 55,750 Total Assets 76,585.21 93.305 63.108 REPRESENTED BY: Trust Fund Revenue Accourbt 17,935.21 Trust Fund Capital Account 58,650.00 76.585.21 ALEthorised requests not yet paid: None
Bishop Stopford's School Trust - Polycarp Fund Trust Fund Revenue Account for the period frorn 31 December 2022 to 31st December 2023 2021 2022 Receipts Virgin Money Charity Deposit Account Interest 26.70 27 20 M&G Charifund Income Units Dividend 2.710.38 2.274 2.631 National Savings Income Bonds Total Receipts 2,737.08 2.275 2,651 Payments Grant to School -3.050.00 Net Revenue -312.92 2,275 2,651 Add balance at 1st January 9,672.02 4.739 7,021 Balance 9,359.10 7,014 9,672 Less Transfer to Trust Fund Capital Account Balance tarried fonvard 9.359.10 7,021:. Trust Fund Capital Account for the period from 31 December 2022 to 31st December 2023 Balance at 1st January 36,825.00 31,825 Plus Transfer from Trust Fund Revenue Account 0.00 5,000 Balance carried forward 36.825.00 36.825:, Asset5 Book Unit Pri 31 Virgin Money Charity Deposit Actount 9.184.10 9,184 4,564 3170.028 M&G Equities Investment Fund for Charities Icharifundl Units 37,1]00.CNJ 14.3499 45.490 28,000 National Savings Income Bonds 9,riJo Total Assets 46,184.10 54,674 REPRESENTED BY.. Trust Fund Revenue Account 9,359.10 Trust Fund Capital Account 36,825.00 46.184.10
Bishop Stopford's School Trust - Prize Funds Trust Fund Capital Account for the period from 31st December 2022 to 3tst L>ecember 2023 2021 202Z Receipts Virgin Money Charity Deposit Account Interest M&G Charifund Income Unit5 Dividend Donation/Legacv Total Receipts Payments Prizes Awarded Net Revenue 13.22 2,173.49 li 1,645 2.070 2.186.71 1,645 2,079 451 2,186.71 9.479.28 11,665.99 1,194 2,079 Add balance at 1st January Balance 6.198 7.4 7,392 9,479 Less Transfer to Trust Fund Capital Account Balance carried forward 11,665.99 7,400 Trust Fund Capbtal Account for the period frorn 315t December 2022 to 315t December 2023 Balance at 1st January 32.200.00 Plus Transfer from Trust Fund Revenue Account Balance carried forward 32,200.00 Assets Book Unit Priie 31 Virgin Money Charity Deposit Account 2542.101 M&G Equities Investment Fund for Charities Icharifundl Units 2,471.43 41.394.56 2,471 36,479 14.3499 Total Assets 43.865.99 38,950 REPRESENTED BY: Trust Fund Revenue Account Trust Fund Capital Account 11,665.99 32.200.00 43,865.99 Bishop Stopford's School Trust - Bursaries Trust Fund Capital Account for the period from 31st December 2022 to 31st December 2023 2021 2022 Receipts Donations Virgin Money Charity Deposit Account Interest C.B.F Investment Fund Dividend M&G Charifund Income Units Dividend Refund of tax for Gift Aid 0.00 10.34 0.00 3,287.13 500 500 22 349 2,845 125 3.191 Total Receipts Payment5 Bursaries Awarded 3,297.47 -1.850.00 3,819 3.713 -1.050 -1.050 Net Revenue 1.447.47 12.098.75 2.769 2.663 Add balance at 1st January Less Transfer to Trust Fund Capital Account Balance carried forward 11.828 14.435 -5.000 13,546.22 Trust Fund Capital A¢¢ount for the period from 31st December 2022 to 31st December 2023 Balance at 1st January 60.850.00 Plus Transfer from Trust Fund Revenue Account Balance carried forward 60.850.00 Assets 1094.64 C.B.F. Investment Fund Income Virgin Money Charity Deposit Account 3844.596 M&G Equities Investment Fund for Charities Icharifundl Unit5 Total Assets Book 21,000.CM) 1.396.22 52.000.00 74.396.22 Unit Price 31 22.6053 24.745 1.396 55.170 81.310 14.3499 REPRESENTED BY: Trust Fund Revenue Account Trust Fund Capital Accourht 13,546.22 60.850.00 74,396.22 BJshopStopford'5School Tntst- Registeredchority Number10389W- Accountsfor2023- Poqestven