BLECHH'OOD IC.ATION TRII I'.PiAI'.DITED FINA Tr4CI.4L STAT FO 'EAR ENDED 31 DEC BER 202 isttred Chari 0 1064508 BEECHW D EDI'CAT IN.4NCIAL STA 'IIEliTS F I'EAR E.YDED JI D C'EMBER 2 CONTENTS Pa8e IJdeptndeDt Eiaminer's Repor¢ Stattmtit ofTrust¢t5' R¢spon5ibilities Tr￿Slee$, Rtport Statemeknt of FiDanciAI Attlvllits Balanct Sheet C*$bnoTh Statement Notts to th¢ C#$hnow StgtemtDt Note5 to Ihe FiDatt¢i*l Stattrnents 9-12 EECHW D EDI,, TRITST DmI￿lsTR IIPE INFORM TRLSTEES Saniu¢l Drake Cedric Fenijman Paul HeiheTingion Peter N4arsh Richard Smith PRINCIPAL ADDRESS 8h¢lford Boiiom Cambridge CB22 3BF REGISTERED C.HARITY YO. 1064508 BANKERS NaTional WesbllinSt¢T Bank Petts, Cur), IA) Bratxh 21 Pettv Cury Cambridge CB2 3NE .4CCOIIYTANTS SiaffvTds Chart¢red Accountsots Unti l. CanibTidge House Camboro Business Park. Oakingion Rodd Cilrton. Cambrid8¢ CB3 OQH BEEC.HW' EDIT TRIIST Tr1DEFE￿DErIT .4￿lINE RTTO ISTEES OF B '.HI%.'OOD E ICATIO) Independent examiner's r*pori ¢0 ibt trusttes of Bttthwood Edutation Trust I rtrport io Ili¢ chanti trusle¢5 on nil, exaniinativn of the accounib tsf the BeeCh￿.0￿d Education Trusi I'the TTUSt'I for Ihe year ended 31 De¢ernbeT 20*3. Rtspott%ibilitie5 basis of report As Ihe th3TIty Irusiees ofihe I'rust vou are resp0Tr51ble for the preparation of the ac£ounts Jn accordance with (he requiremenis of the Charitie5 A¢1 2011 I'ihe Act'l. I report in respect of mi, examinoiion of the l-rusi's accixjnis ¢arried out under s¢ction 145 ofih¢ A¢1 and In urrying out mi. examination I have followed all applicable Direciion5 given bv the CharJtN' Commission under section 14515Xbl of the Act Basis of tbt IDdeptDdebt Examiner's Report My examination u'as carried out In accordance with lh¢ General Direciions given bi the Charity Commission An examination in¢lude5 a review. ofih¢ aiiounling re£oTds k¢pl b%. the charitv and a Lomparison ofihe accounts PTLsenied iviih those record5 11 also includes cnnsideTalion of any unusual ilans ot di$¢105ures In the a¢¢ounts and seekirt8 of explanaiions Irom Nou as'l'ruslees tonccrning ans, Suth Jnatlers The procedures undenaken do nol pro￿lde all th¢ ¢vJdLnc¢ ihai w'ould bc requiT¢d in an audit. and ¢ons¢qu¢nil>' no opsnion 15 given as 10 w,hether ihe accounis present a'irue and fair ￿lew. and ihe repon IS limited lo those matters set out In the staiement below. Indtptadellt E¥amintr's st#temrnl I have coillpleied m). cxaininaiion I confJTm that no material tnallers have com¢ ¢0 rrsy attention in connection th¢ èxamination 8tving rne eause to beli¢￿£ that in any mat¢rial respect. a¢¢ounlJThg reeords w¢rc not kept In respecl of the Trust as requSTed bv section 130 ot the Act. or the attounts do not aLcord ￿1th those reeords". or the aecoutt15 lo noi complTr ￿1th ihe appljcable requirernenis concerttin8 Ihe form ond conl¢ni of accotsnis Sel out In the Charities (Accounis and Reponsl Regulations 2(￿8 other ihan an} reqiiiremeni that the ace￿IniS gli"¢ a true and fair i io%. ￿'hiCh Is not a matter cons2dered as part of an independent examjnaiion I ha%E n4) concerns and have ¢oJne across no oiheT matters Jn connection with the examittalIon to whieh attentjon should be drawn In this report In ordcr to enable a pro￿[ understhndin8 of ih¢ accoiinis 10 be reached. MArrHF.W PETTIFER FCA STAFFORI)S CH.4RTERED ACCOUNTANTS UNIT I. CAMBRII)GE HOUSE CAMBORO BU%INÈSS PAR OAKINGTON ROAD GIRTON CAMBRIDGE CB3 OQH DATE BE EDIIC I'ST S1'A TEMEI)T FTRI'STEES, RESP SIBILITIES OR THE I'EAR ENDED 31 DECEIIBER 2023 The Irusiees are r¢%ponsible for preparing the Report of rht Trusiees and ihe fjnantial siat¢m¢nts in accordonce with applieable law and United Kingdom A¢¢ountJng Standard% {lJnil¢d Kiiigdoin Generalli. Accepl¢d Accoiiniing Practice). The law applicable lo ch2fiiies in England and Wales. the Chanlies Act 2011. ChaTity' (Accounis 2nd Reports) Regulaiivns 2008 and the provisions ot the trust dttd requires the trustees to prcpare financjal st21ements for each t'inancial )ear which 81I'e 3 true and fa1r vieth, of the stsle of affairs of Ihe charil and of Ihe Inconiing resourees and applicalion of resources. including the income and expenditure. of the ¢h3riN. lor ihai Year In preparing ihose financjal staiem¢nts, the inJsle¢s are requir¢d 10. Select suitable accounting policies and then apply ih¢m constsienily- obscrv¢ the meihods and principles in the Ch3ritv SORP. make Judgements and egtimates Ihai are reasonable 2nd PTudtnt. prepare lh¢ financial statements on a going concern basis unl¢ss sl Js Inappropri?le to PT¢5ume ihai the pareni chariTh and Its suiisidiaTr undenakings 'Ill continue in operation The Trusi¢es are responsible for k¢¢ping proper ac£ouniin¥ Ftcords which disclose ￿'11h reasonable 2CCUTaCy al any lime the financial POSllTon of the parent ¢harih' and its subsidiary. undertakings and to enable Ihcm to ensure that the I'inancial SL2iemett13 romplv with the Charitics Act •OI l. the Charitv (Aecounts and Reports) Re8ulaiions 2008 and the proiisions of th¢ trust deed The}. aTe also responsible for safeguardin8 the a&%ets of the pareni charli and its subsidiaTN' undenakin8s and hen¢¢ tor laking reasonable steps for the prevention and ddection of fraud and other irre8ularities EECHWOOD ITCAT TRITST TLF.S' REP FOR THE I'F.AR ENDED 31 DECEMBER 2023 Th¢ Trustees of the Charity present their report and financial 5tgt¢menis for Ihe year ended 31 fjecember 2023 The trU￿eeS hai'¢ adopted the PTovisions of Accountin8 and Reponing bi. Chariiies. Staiemeni of Reconimended Praclict appltcable to charities PTtparing Iheir accounts in aceordancc with the Fin2tKial Reportin8 Standard applicable In UK and Republic of Irelgnd IFRS 1021 leftectjve l January 20151 SfRIICTI'RF.. GOI'ERNANCE & M.4NAGEfvIENT The Trustees tonfiTrn that ihe annual repon and accounts compl) wih the r4UITem¢nts of the Chariiieb Act 2011. the Trust Deed and the Chariries SORP FRS 102. Govtrnibg do¢ument Th¢ appointment and Tttiremeni of Tru$ic¢s 15 subject to the normal statutoTh powers tor charitable IrLI￿S and is deali wilh In a¢¢ordance with lh¢ Trust Deed dated I l August 1997 al￿ subsequent amendments Truslte Apptsihtment New Trttsiees are 5elecied frvTD p¢r50ns iviih busin¢ss experience and Interest in ihe education and M'elfare of voung p¢ople -fhev have a¢ccss 10 rhe 81Jidance provided bi. On¢.School Global Limitd and Charity CommJ5510n publication5 The Trusie¢s meet regularlv and lake responsJbilitN' for rhe overall running of the charity. On¢School Global Limited provides advi¢¢ and guidan¢e to the TrUS￿S on the formulaiion Of School policies and praciic£s Risk ￿lan￿£t￿t￿t The Trustees hal'e conducted a rei'iekn of the major rjsks lo ivhich Ihc Charilv Is ¢xposed Where appropriate. 51'Stems ol-procedures have been established, and are *ncluded In the risk re8lSI¢T These proccdttr¢5 ar¢ periodically reviem'ed 10 en&ur¢ Ihe!. coniinue 10 meet the needs of the CharJ(I'. OBJErfii'ES .4ND AC.TII-ITIES Objetls The char112ble obiecis of ihe tru.%1 are Ihe adi'ancement of the education of children xnd young people The objecis also Include anv other ¢hariiable purpose for the benefil of the i%'orldM'id¢ ChTisiian I'ellowship knom'n as the Plyinouih Brethren Chrisiian Church Tn furtherance of Its objecls the Tnisi OPLraie.4 lo deplo5. Its asset5 to besi adN'anluge li) proi ide ihe means 10 deli￿¢[ support lo qualif>Jng causes. espe¢iall}' Ihe school operation ai Biggltsii'ade Campus Proiision ol. education ai the BiggleS￿ade Campu% Is PTOI'ided bi th¢ charity Onesthool (ilobal lJ Ethos Our 5UPPOrt js 1orgrf¢d ai school$ ihat mainiain our ethos. Ihal pupils are ¢ncouraged 10 d¢velop their full p(*¢niJal and acquire the disciplin¢ of learning how to l¢*m. while upholding Christian teachings and beliefs Ai Iht sam¢ Iimt the truth and authority of ihe Holy Bible and $irong tamil%' Nalues undeTpin everv facffl of Ihe educalional prov15Jon in a saf¢ and caring eniiroomenl. Th¢ Iruslees are drawi from the br￿hr¢n Lommunjty ttnd iheir schools are committed to 8 ￿'aY of life that is governed by the Holy Bible. with Conduci 10 refl&i Bibli¢81 i'alut￿ which Include Inlegritv- upri8htness. honesi5' and decorous eortdurt, goi'emcd bv ihe Holy Bible. Care & Compassion- kindness. consideralion and ¥enLrosiN' to all. Respect- for all peupl¢. propen).. opinions and authority- Responsibilitv tor our a¢lions. progress and enkironiiieni. CommJtmeni- to self-disciplin¢ and ihe pursuit of excellence .SigJificant A¢tivitit$ The Trusi ha% worked il'ith th¢ Errnine Educdiion Trust wthich Is T¢Eponsibl¢ lor ilTre PTOI"Ision ot'ihe faciliiies ai the Biggl&4w?de Caii)pvs. We Currentl￿ have £ 88.400 00 on loan lo the Ermine EdurJlion Trusi In support of improvem¢nls to Ihejr property We have also for8iver* a sum i)f £ 8.0(X>.l)O which ivas PTei'Jously Included in Ihe aiiiouni lo ETniine Educaiion Trusi durin! Iliis accounting i'¢aT We havr able lo keep oiir PTQP¢rt)' operalion#l diiYTng the vear. using it for our th￿7¢¢. for cdiicaiii)nJl 5UPPOTI and also TO Store our e4uiprneni Mle hai"e dlso made provision for it lo be used for %loTage and charitabl¢ acliviiies by boih Ihe RRT Charity. On¢School Global UK and ihe Mowbray Gospel Hall Trust ivho adJoJn our sjie Ii has a150 been us¢d a5 a transpon lo¢ation for siudeni irav¢l to Ihe Biggleswade Campus 'oluDlttr Contrib¥lio The trustees are all unpaid i'olunteers who aTe engased In ¢he op¢raiion of the ITUSI and have thhtT communii5' member volunteers who can ￿ tall¢d on for help as needed Publi¢ Bcllefit W¢ hai'e rLf¥rr¢d 10 the guidance LQDtained in ihe Charity Commission s general 8uidan¢e on public benefit and have had regard io it wh¢n reviewjng our aims and obJ¢rliv¢s. and In plann&ng our I'uiur¢ object)￿e5 ObJ¢tth Kry obj¢¢tiv¢s fvthC￿t I￿￿ded.. ToMOtiM￿ toprovide •Jrwn ¢othe ddiw of edu¢ition •1 th¢Bi88l￿Wth C•m Tosell redwLdllnta55ets to provide thr Tn￿. Tp forward the of ow proputy • fwthn¢I￿ty &*abl¢ • ¥cDr¢in¢th*to Jupport(w¢hrits14¢*ctivity Ixxh 4Dd off sit& W¢ ftygAK w of the lo8n tyErnlln¢ EthJ#tirffj Tn￿ to WPFAY¢ their fllmncijl si¢￿tion. Ennin¢ FAlUAti￿ Tnjsthwe al￿ Obj￿1¥¢$ with ¢)ur8 in $4wI of Ptymouth Btdhrto Ilri6tian ChttrGb IMI theiI neNI w povid¢ swtsrt f(ff ￿J￿￿10￿1] fjteds. To Juppcrft the ￿blIC b¢rtrfft wt bllVB thadefauliti¢s avail￿￿ totb¢ Rjpid RdigrT¢￿ chwrity thLi¢h their SI￿1(￿1n1 ￿1¥11¥ iti SllPPDrt of Hwit•l Ind thew*lcr ComM￿ty. RApid Rdief re￿4 * Plynbxth Brdbren Christiu Churth bued ehirity li 8pt¢rfJr*lty %rt up foroUtr￿¢h wr¢k (o theivits communrty. We bAve iLso m￿¢ pathig w0visi￿ 4vailabl¢lothe ne1gbb￿￿inB Aytlmw RaDk Hospfftuwhae done iti thell*park *lld ride car p#*. TheTn￿l is mainlahniD8 th¢ir pmpttty t• PfDvide facilities fvcbaritsbl¢ ust. R¢DtAI in¢onTr& iD th¢Y￿r￿•S £6110712022: £67,806). Th¢ Tru* miinluave ￿MIll1D8 £19,05012022: £Q400). Tirfal in theycw was £10167312022.. £1 lQ443). rtsJltinB detkii of £20,545 (2022.. £J6203). Prthdp41 FIDdlDE So•r¢t The Trnst bad fillancial r¥¢rves but 4¢bievol • fylly balancal budgEt for 2023. This thrrY•lfrtrn domtio￿to fiwd the ¢¥￿inued¢1￿1tsblc OPttAlions th¢8it¢ as weil LI iacfAK from shrin8 we of a Itsv p￿tion oftht sil¢. In th¢ thlwttsrniwe have SLTh of thc srwe 8p¢¢ ill the propttry h'ctnce toth¢sch￿)I trnd5Dg COmPWto ￿1$1 th•'r fimd Taisin8 activilia for Bi88ltswade 4nd therthy IKlp to offset sornrof ournumin8 GOs¢s. B¢KhW￿ Eth￿tt￿l TTU5t illRintain$ ati8k regis￿r v4h￿ in¢luths key fmkncknlri5ks. Gou)8 fonrt the ts)st risk is 5¢curitsg ￿ inc4KD¢¢o opmt¢ alld proputy. Sufficieni TtK¥ves of optstin8 hDd8 U¢ to kjnllitikntd to cov¢r wKnxstyopw4t¢ attd kttp the FOFuty in A #tisf4kW ¢(ffiditiUL ood Educ￿1￿] Trubt k¥6 a of fuDds 8nticipt&l upitsl the Atty IEg*l ry platvhitig ¢LYFS ￿tM￿Y*ll$¢. Goin8 t￿1V￿dS B￿b￿￿j Edu¢&t￿ TNs¢ Mll kvm8e th¢ ll8e of thcst4wol pr(fttty, n*kin8 itthdth fLY eb•JitAbk Kknities•4d torw¢ funds to ffi￿fil our ￿￿￿1¢pU￿)S¢5 wlu151 mawtsitiin8owhetship AS a Iw8¢f tuTrcapiul inve5tm¢ui. li is importonl lo * kn8 t¢m invtslrnent. in th¢ sh￿t tHm we ￿ shariD8 use uuthr licM¢e of ptrt of tht PWDPJty with Fusifffi Trndiog {B￿s7¢S￿alk) Ltd. This will rctum adeqvAts ffiwds ￿ b4ithc¢ the d8¢¢ mirtt*iu th¢ propty fttsd deliver thk owclwhtxN¢ abie¢tivt4. ItTril1 also fflea0th￿ we (W¢F￿l￿bitll$C of th¢ Mt of th¢ J*DkW, We aDtiC4x* that￿Will provide fi￿￿ersTA¥¥￿￿ to ErDU"n¢Educotithb TYu¥t Ind w(kn¢S¢hwl Glob￿ ULwith wknmmr *rAffali•l¢4 tQ Wi51 wilh the wovisi W¢ Jre Ib)th to usvthcB￿ CQDL¥rn buis io our sthtmots. FurtherdL*aits te8wdiDg the ￿K￿Or the 8oiTr8 C￿¢0￿ b15iS be fouDd itt th¢AccouDtitt8 Poli¢i¢s. Paul Hdherin8tcrfi C.IIWOOD E ICATI .N TRITST STATE%1 OF FIN..I)CI.4L A '.1"1￿.1T1E$ FOR T14E I'EAR ENDED 31 DECEIIBER 202 NCORPORAT GTH EXPE)D I'IIRE 2023 2022 Nrfe Reslricied u￿r￿tr¥￿t4 Toml INCOMF FROM Donations and legacies OtheF trading actii'ities Invesiynenis 19.050 62.807 271 82.128 19.050 62,807 271 82.128 67.806 34 74.240 TOTAL IP*COME 82.128 82.128 74240 EXPENDrriiRE O Chariiahl¢ aciii'iiies Other expenses 11.456 89.6)7 1.560 91.217 109.039 1.404 110.443 TOTAL EXPEPIDEDITI'RE 1.560 102.673 11.456 NET IEXPENDITITREI THE I'EAR 11,456) 1 9.08911 20.545) 1 36.2031 FIIND BAL.4YI CES BROITGHT FORH'.4RD 125.852 801.549 ￿￿604 FI',ND B.￿LA￿r.F.S I"ARRILD bORM'ARD 114.39fy 792.460 6.856 927.401 ATJ 2•22 N(rf¢ FLKEDA&SETS T•n8ibkFixed Ass¢ 782.014 1.301 c￿ li bADk aDd ￿￿614 105,367 CREDm)RS: AMoButs f•llfr•E d*E Trtthl• ole ye*r 131326 133,177 10 126.100 TOTAL￿￿ A&SETS Rtstricted fot 792.460 801.549 The acu￿* pprovalbytheTruAee4on... .... ........ ... ...............•DdsJ8ntsJonth¢irt¢h•Jf P¢*r Mwsh (Tnist¢¢) Paul HdhuiDBt(th F.CHWOOD EDiI IIST STA TF.NIENT Ob C'..4SH FI. TrOR THF I'EAR ENDING 31 DECEIIBF.R 2023 2023 2022 Notes Cash flow5 from optr•liDg sttivities.. Cash gen¢Tated trom operations 7.631 1 4.9641 'tt tash ustd ID opergtittg activiiie$ 7.631 1 Cash flows from ithvtsliD% attlvities: Interest recei￿ed 271 34 N¢1 cash provided b). illvtsting ittii'ities 271 34 Changt ikn ta5h and tash equiv*l¢nts ID Ihe r¢porttJbg I'tar 7.902 1 4.9301 C¥$h and rft5h tquiv*JtDt brought forward 27.810 32.740 Cash r8sh tquiv#ltJt tarried forward 35.712 27.810 BEECH￿,00￿ EDI'.C 101 TRII S I'O THb. ST.4TE.P+lLN'-I' OF C...ISII FLOII'S FOR THE I'EAR ENDI)G 31 DF.CEIIBER 2023 I RECONC.-11.IA TIOIN OF THE NET fvIOVEMEYI' I.Y FI.￿Ds TO NbT CASII FLOW. FRONI OPERAI'IINC ACTIVITIES 2023 2022 Ntt moTr'¢ment in futhds AdjvstmfDt5 for. Depreciation charges Intere￿ received tkrrease I Ilntr¢as¢l in debtors Incr¢asd (Decrease) In creditors 20,S4511 36.2031 19,287 27111 8.753 407 19,287 341 11.345 et cash used ID op¢rgttng activitits 7,631 1 4.9fv1 ETr:CIIM'OOD IOP4 TRI. OTLS TO THE FIN.4NCI LST.4TE. I 'TS FOR 14L I'EA EINDED31 LCEMIBER 23 I LEGAL FORI¥I The chaTity is a TegJsier¢d charity re8isieT¢d In En8land and Wales number l(kn4508. The OP¢T8i&ons of the entity ale lo maintain and let out redundant sch￿] bujldings. 2 ACCOITNTINC POLICILS {al Ilasis of P￿Paral￿on The financial siaiemenls have be¢n prepared under the hisiorical eosi ¢oDveniion with items reLo¥nisd ai cosi or transattion value unless othern1.￿¢ stated In the releiani nts1¢5 io ihese arcounts The fEnanLial siatetnenis have be¢D prepared ID accordance wilh the Stal¢mtni of Recomni¢nd¢d Pracl1¢¢ Accounting and Repofting b> Charili¢s preparin¥ th¢ir accounts in accordan¢e wilh ihe Financial Reporting Siandord applicable in the Ilniled Kingdom and Republie of Ir¢13nd IfRS 1021 Issued on 16 July 2014 aod Ihe Financial Reporting Standard applicable in ih¢ Unit¢d Kingdom and Republic ol" Ireland IFRS 102) and ihe Charilies Act. The t￿ts1 consiiitsi¢s a public b¢n¢t'Li entity as det'ined b￿. FRS 102 Thc Trusi¢es consider th81 the goin¥ concern basJ$ is approprJal¢ as thei. consider the rescrve levels and ¢xpecied gii'ing and oiheT income 10 be sufficieni 10 ensure thdl th¢ TTUSI can m¢¢1 Ils t'inancial obligations for the next 12 10 18 months amd on thai basis the Trust is a goin8 roncern. Thfre are no mai¢r)al uncert3Jnlies about th¢'frus1'S 2bility lo continue {bl In¢ome recognition All incon1¢ Is reco8nised once the ¢hanN has eniiilenieni 10 In¢onie. it Is probable Ihai ihe Income will b¢ receii'ed and ihe amouDI of the in¢oTne receii'abl¥ Can be mea$ur¢d reliabli. Grants receiwed are attrjbuted to ihe financial year for ￿hleh ihey a￿ Intended. any monies receivtd in advaD¢t being c3rri¢d forward lo the next financial ￿'tar Ici Expertdilurt recognition Ljabililies are rLYognised a5 expenditure a5 s(yon as thETe 15 a leoal or ton51TUCtJi'e obligation committin8 Ihe charity to thai expenditure. Il is probable that s¢iilemeni will be re4UITed and the amount of ihe obligaiion can be measured r¢liabli' All expendiiiire Is arcounied for on an accru3ls b￿15 and h45 been Classifi￿ under th¢ headings Ihai aggTegai¢ 311 c051s relating to the cai¢gory. Wknere L0515 cannot be direcily aiiribuied io particular headings ihew have b¢¢n allocated i(> activities on a basis cunsisteni i¥iih th¢ use or resourcrs {di Ruising tunds Raisin£ tunds InLlude5 all exp¢ndiiure Lncurr¢d bN' the ¥haTJty to raise funds for its thaTltable pvrp(>s¢s and inLlud¢d cosis ot. all fundraising acijviiies. e￿ents and non-charitablc trading {el Chariiable acliiities Chariiable expendiiure ci)mprises of thos¢ costs JncurTed bs. the thaTitV Sn the delii'¢Tr of Its XcliTrilies and %er%'ices tor lis beneficiaries. It ineludes both costs thai ¢an be allo¢aicd direcili, io such acitfvitie5 and those w.sls of an indirccl naiure necessary 10 support Them (Q tioiernance costs Go%ernance cosis InLlude those co%ls associaied w'ith meeiing consl?iulional and slaiuiotN i¢quirements of ihe chants. and include costs related to Ihe Audsl and cosis link.ed to the 5trategJc manag¢menl of th¢ Charitv Igl All￿atIon and apportionment of"costs All cosis are allotal¢d ber%1'L*￿ the e¥penditUTe categories of the SOFA on a basis designed io refTeci lh¢ Lise of th¢ resource. C051s relating 10 2 Particular aciivii} dr¥ allocated directl5'. oiher.8 are apponioned on an appropriate basi%. e g esiimaitd usage Ihi Tangibl¢ Fixed.4sseis 3r>d Depre¢iation Depreciation Is charged on fixed 2ssets ()n a 51rai8hi line basis over th¢ eslirnaled useful eunt5 due Iki Cash ai bank and In hand Cash at bank and Jn hand InLludcs cash and short terni hi8hli' Iiqu2d invesini¢nts wilh short niaturiry of three month$ or less from the date of a¢quis)IEon or openjng the deposil OT 51mJlar ac¢ount. 111 Credjiors and provision5 Creditors and PTovisions are recogniseJ w'h¢r¢ the charity has a preseni obli8aiion resulting (rom a past c￿ent Ihai w'ill prob3blv result In the transfer of funds lo a Ihird paTty and IhL' atnounl due 10 s¢ttl¢ the oblJg£ition can be LSiJTvaled or meJ5urcd Teljably Creditors and provisions normally r¢¢ognis¢d al Ihe)r settlemtni amount after allowing tor trade discounts duc. Im) Finanri81 Instruments The charitk only fJnan¢Jal assets and financjal liabilitie5 of a kjnd that qualifie$ as basic fJnan¢ial Instruments Basic financial Insirnmcn15 are iniijalli. r¥¢ognised as tTan5aaion valu¢ and subsequently measured at their settlement value. 3 PIET IIOVEMENT IN RESOIIRCES (Dtfieitllsurplus for tlt year 15 afttr ¢h#rging'. 2023 2022 Independtni ExamineT5' fe&$ 1,560 4 DON'A TIOTr4'S.4liD I.EG.4C IES Resiriti¢d capital Unreslri¢ied Capital fund Resiriried Repairs fund General tund 2023 Total 2022 Total 19.050 19.050 6.400 19,050 19.050 6.400 5 ACTII'ITIES FOR GEINE]LITING FI-,liDS ResiTl¢l¢d capiial Unresiri¢led Capiial fund RestTicled Repa?T% fund General fund 2023 Total Total Renthl Jncome 62.807 67.806 62.807 67.8U6 6 INI-ESTMEYT INCOIME Rtstricied capttsl lJnrtstTicied Cupilal t'und Restriued Repairs fund General t'und 022 Toial Toial Inieresi received 271 271 271 34 271 7 TOTALRESOIIRCES EXPENDED R¢s¢Ticled capital Unresiricied Capitsl fiind ReslTJcTed RepaiTS fund Gen¢Tal illnd 202 Total 022 Ttstal Ch*r¥t*blt Ittivitits Gth¢ral exptnses Deprecialjon of biiildings Premises running costs Cyrants io oiher irusis Bank cknrg¢5 & Inieresi 3.283 3.283 19,287 70.260 8.000 886 19,287 76.528 12.OiO 288 109.039 3.456 15.831 19.050 51.210 8.0(N) 283 11.456 19.050 54.776 Goverknattie ¢o5t5 Independent Ex3niination fee% l.i60 56,336 1_560 102.673 1.4( TOTAL RESOI1RCES LXPENDED 11,456 15.831 19.050 'OOD IC.4TIOTr4 RIIST OTE nTIIE FI TE%IE OR THE I. AR ENDED DECEMB 2023 8 TAPiC¥lBLE FIXED ASSETS I￿nd Impro&em¢nts Total Cost At l January 2023 Additions i(x).000 964.455 1.064.455 Ai 31 D¢c¢mb¢r 2023 100.000 964,455 Dtpye¢iAtion At l January. 2023 Charge lor ihL %'¢8r AI 31 DL*ember 2023 263.154 19.287 263.154 19.287 282.441 282,441 Nti Book VxlDt Al 31 tkcembeT 2n23 100.O(KJ 682.014 782.014 Ai 31 December 2022 100,000 701,301 801.301 9 DEBTORS 2022 2021 Other debtors. Including prepasTrent5 LLYdns 10 oth¢r truAs 8,214 88.400 8.967 96,4(K> Debtors include a balan¢¢ ot-£88.400 Loaned io the Erniine Edueaiion Trust. a charity with similar objects 105.367 10 CREDITORS: AMOIINTS FALLI￿G DIIE WITHIN, ONE YEAR 2023 2022 Trade crediiors Accrua15 3.030 4,454 2.489 4.588 7.484 7.077 I I %IoTr'EME￿T OF Fl.'fs'DS IIIRESTRICTED FiIiDS Balance ai 01-Jan-23 Incoi)i)ng Resotsires Resources Expended Balance ai 31-D￿-23 Transfers Desi¢n3t¢d Capiial Fund General F'und 675.449 126.100 s.ouo 8,000 667.618 124,842 63.078 1 56.33611 801,i49 63.078 1 72.1671 792.460 RL%TRIC.TED Fiif*DS Balance ai 01-Jan-23 Incoming Resourccs R¢sourees Balance at 31-Dec-23 Expended Transfers Nqaini¢Dance fund Capiial lund 19.050 1 19.OiOI 11.456 125.852 114.396 125.852 19.050 1 30.5061 114.396 I I ANALYSIS OF FllIND8 RestT)cied C2piial F"und Designaied Capital Fund General fund Toial 1'angibl¢ Fixed Assets Current A55tts Curreni Li2bslilies 114.396 667.618 782,014 132.326 7.484 906.856 132.326 7.4841 124.842 114,396 E67.618 ECHWOOD IICATI TRITST 12 OTF. O THE FIN, TEIllEf%T RTHEYE LTr4DED EMBER2 13 PIIRPOSES OF RESTRICTED AND DESllG￿ATED FIINDS Reslri¢ted ¢#pital fund The restricted capitsl t'und ¢ompT15es Ihe Capitalised cosis of the new schixil hall. tO8eiher ii'iih cash available lo spend on other capital proiecis The resrriti¢d niainlenace fund comprise$ donations i0￿rdS ihe cosis of ongoing niainienance of the bujlding. Dtsignattd rapital f￿lld The dc51gnaied tapital lund cornprises the nei book N'alue of land. buildin8s. vehjcles and equipment purehas¢d from 8en¢r)I funds 14 TRI,'STEES EXPENSES & REL4TED PARTY TRA￿sArrIoNs No TTUS(L* wa$ paid any exp¢n5es in 2023 or 2022. I)UFing the v¢ar. the chariiy has undenaken vaFlOUS transaction5 Il'ilh Irusi¢ts and other rel#*d partics The TnE51ees ¢unsider thai all transacitons a￿ 31 a market or b¢lteT ratt 15 STAFF COSTS None of the Trusite% hal'e been paid any rtmuneraiion or received ony other benefiis from emploJTh¢nl in the year The aNLra8e numbtr ot. staff einplofved during the vear was nil {202, nil) Excluding the Irusiees. Ihere weT¢ no keN manao¢meni personnel. 16 COIIPA114TII'ES FOR STATE￿IE1'T OF FINATr4CI.4L Acfii'iTIES Restricled Uvresfftcied Fiinds It4JCOIIE FRI)%1 Donaiions and le8a¢ieS (hhei Iiading aclivtti¢s Ini'esiniett15 6.400 67.806 34 74,240 6.400 67.806 34 74,240 TOTAL INCOME 74.240 74.240 EXPEND￿[TRE O,Y Ch8iJtable aciiTriiies Oiher ¢xpens 15.506 93.533 1,404 94.937 109.039 1.404 110.443 TOTAL E.IPLNDEDITIIRE 15.506 NET IIOVEME%iT ll¥4 FilIN'DS 15.>0611 20.69711 36.2031 FllTr4D B.4LAN'CFts BROI',C.HT FORII'ARD 822.246 FI.'ND BAI.AN'CES CARRIfr.D FORIVARD 125.85? 801.549 9?7,401