This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

QUEEN ELIZABETH’S EDUCATION FOUNDATION Chairman’ s Annual Report

31[st] March 2025

The AGM in October 24 re-elected officers as follows:

Peter Bryan - Chairman

George Mortimer - Vice Chairman;

Finance Committee - (Peter Bryan,Sue Lavery,Paul Cleave,Mike Langhorne)Treasurer duties

The foundation is happy to report record distributions to QE pupils this financial year, despite a drop off in performance of our long term investments . As recorded , previously , we continue to monitor the relative performances of all investments regularly , and will adjust portfolio’s as necessary.

The accounts do feature a refund from the school for a combination of several years of unclaimed balances from previous awards , which now allows us to re-allocate those funds to current projects, and adjusts the formula to be self regulating in itemising approved projects which might not go ahead for one reason or another .

We continue to support financially all students who are moving on to higher education , through bursaries , and apprenticeship contributions , as well as a multitude of diverse department initiatives for extra curricular activities . These cover Music, Maths , English, Drama , Law , SEND , amongst others, and are also happy to see new departmental applications as well.

We are very happy to maintain our support for regular activities , such as 6[th] form presentation evenings, and the Ten Tors event .

Finally, my thanks go to all the Trustees for their commitment and support.

Peter Bryan - Chairman 31[st] March 2025

QUEEN ELIZABETH'S EDUCATIONAL FOUNDATION

Registered Charity No 1059656

ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025

£ 2,400.00 - 0.08 -	£ 2,400.08 34.25 16,774.29 11,406.91 10,807.32 2024/25	£ 2,400.00 5,320.03 6.58	£ 7,726.61 14,183.18 19,716.48 6,846.10 2023/24	£ 48,472.37 45,199.77
3,600.00 3,706.38 - 522.95 180.00 3,815.20 34.95 724.13		1,700.00 38,463.30 - 1,277.15 - 2,921.27 130.47 707.58
	41,422.85		48,472.37
	5,170.85		45,199.77


				3,272.60
				49,631.51
				52,904.11

QEEF Balance Sheet Portfolio held with Charles Stanley Opening valuation Funds added / withdrawn Increase/(decrease) in investments Closing valuation Portfolio held with COIFDeposit Acc Opening valuation Funds added / withdrawn Increase/(decrease) in investments Closing valuation Portfolio held with COIF Investment AC Opening valuation Funds added / withdrawn Increase/(decrease) in investments Closing valuation Cash Book Virgin Bank Opening cash book position Cash movement Closing cash book position Cash Book Virgin Bank D/A Opening cash book position Cash movement Closing cash book position Fixed Assets Exhibition Road Playing Field Opening Balance Additions/disposals Closing Balance (purchase value) Balance bought forward Surplus/deficit for the year Total assets	2024/25 £ 508,599.00 4,810.00 - 503,789.00 400,000.00 250,000.00 - 150,000.00 270,349.04 250,000.00 23,180.27 - 497,168.77 30,274.08 13,782.25 - 16,491.83 - 50,034.25 50,034.25 1,173.34 1,173.34 1,210,395.46 8,261.73 1,218,657.19	2023/24 £ 431,765.00 50,000.00 26,834.00
		508,599.00
		500,000.00 100,000.00 -
		400,000.00
		197,551.53 50,000.00 22,797.51
		270,349.04
		27,001.48 3,272.60
		30,274.08


		1,173.34

		1,173.34
		1,157,491.35 52,904.11
		1,210,395.46

QUEEN EUZABETH'S EDUCATIONAL FOUNDATION R¢gisler•J Charily No 1059856 ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 2024125 2023124 INCOME Sportsfleld Ront Crediton Church Corporollon 8equelhmenis Cashback 2,400.00 2,400.00 5,320.03 0.08 6.58 Regular IneomeTolal Inleresl Deposll Ac¢ouni Inv8slmenl Charles Stanley Investment COIF Deposll a¢counl Inveslmenl COIF Investment account 2,400.08 34.2S 16,774.29 11,406.91 10.807.32 41,422.85 7,728.61 14,183.18 19,716.48 6 846.10 48.472.37 Ttslal Incom8 41,422.85 48.472.37 PEN ITU Bursarles Unlverslly and apprenllctr8hlp$ Slall and student requèsts 3,600.00 3,706.38 1,700,00 38,463.3D Misctsllaneous Sporlslield costs Bank Charges Accounlanl's Fee$ Ibl annu811 Clork s Salary Offlce expenses Insuran¢e Premlum 522.95 1.277.15 180.00 3,815.20 34.95 724.13 2,921.27 130.47 707.58 5.170.86 4S,199.77 Tolal Expendllure Surplus/O8fkll for the ye8r 5,170.85 36 252.00 45 199.77 3 272.60 Galnllos$ on Inve$lmtsnl Accounts ProflULoss cn Dlsposal of Flxed A55els 49,631.51 Total SurplusldafSdl for the year 8 261.73 52 904.11 TAMES .C.C.A STrrtffftAS Ac¢•_ Page I

QEEF Balance Shèet 2024125 2023124 Portrollo held wlth Charles Stanley Opening valuallon Fund8 added I wllhdrawn Incre85elldecreasel In inve51menls Closlng valuallon 508.599.00 431.765.00 50,000.00 26,834.00 508.599.00 4.810.00 503,789.00 Pgrtlollo hold wlth COIFDeposlt ACG Openlng valuallon Funds added I wllhdrawn Incr8aselld?creasel In Investments Closlng v8luallon 400,000.00 250,000.00 500,000.00 100,000,00 150,000.(KI 400.000.00 Portfollo held wllh COIF Investment AC Openlng vsluallon Funds added I wllhdrawn Increaselldecreaso) In Inveslm8nls C105Ing valuallon 270,349.04 250,000.00 23,180.27 497,168.77 197,551.53 so.000.00 22 797,51 270,349.04 Ga5h Book Vlrgln Bank Openlng cash book poslllon Cash movement Closlng cash book poslllon 30.274.08 13,782.25 16,491.83 27,001.48 3,272.60 30,274.08 Cash Book Vlrgln Bank DIA Openlng cash book poslllon Cash movement Closlng cash book poslllon 50,034.25 50,034,25 Flxed A$stls Exhlblllon Road Playlng Fleld Openlng Balance Addlllonsldlsposals Closlno Balance Ipurcli98e volu81 1,173.34 1,173,34 1,173.34 1,173.34 Balance bought forward 1,210,39S.40 1,157.491.35 Surpluwdeflcll lor the year 8,267.73 62,904.11 Tol81 aBsg18 1 218 657.19 1,210 395.40 Page 2

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of QUEEN ELIZABETH'S EDUCATIONAL FOUNDATION On accounts for the year ended 31 MARCH 2025 Charity no (if any) 1059656 Set out on pages 1 and2 I report to the trustees on my examination of the accounts of the above charity ("the Trust") for the year ended 3110312025. Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act") I report in respect of my examination of the Trust'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. 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 Independent examiner's statement I have no Goncerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper under tanding of the accounts to be reached. Please del te the words brackets if they do not apply. Signed: VAVAVWIWIII Date: 0711012025 Name: MARTI JAMES RICE Relevant professional qualification(s) or body (if any): F.C.C.A. Address: STAPLETONS 4 MARKET STREET CREDITON EX17 2AJ IER October 2018

Section B Disclosure Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts.. directions and guidance for examiners). Give here brief detsils of any items that the examiner wishes to disclose. IER October 2018

OpenCharities

2025-03-31-accounts