ThE DED31D COENTs IndepEndeDtExAmlner'i Report Sttemtnt of Tr4#tseJ' R¢&ponbIllI Truthei, Rei B•laotSheel CAihflow StAl¢oeDt Nottx tothe Cxthnow S¢#ieme#t Note• tothe Flm&tt¢i•l 9-12
TRusrE&s Samu¢l Drake C¢dric Fthtim Paul Heth¢rin8ton Pet¢T M•¥sh Ri¢h&rd Smith PRINCIPALADDRKSS Sbelford Botttyn Cld¢ CB22 JBF REGISTERED CHARITY r40. 1064308 BANI<ERS P¢tty Cury {A}BrBn¢h 21 P¢ty Cury Cambtid8e CB2 3NE ACCOUNTANTS stsffords Chth¢red A¢¢ounlanty Unit I, CAmbridB¢Hous¢ CAmboro Bosio¢$5 Pork 04ktn8toTr Rd Gir(ott, Cambrtdgt CB3 OQH
INDE ENDE TEES O IDdeptoden¢ tmIDer'S report to Ihe Iru¥teu of BeechT4ood EdutalloH Trwl I r¢portto the th&rity tnjstees on my •x#miJhAtiOn of Ihe accounts of the BehW0(Xfj Educalion CtheTtwf) for ihe yweld 31 Ik¢¢mb¢r2024. R¢JponiKJllltlt¥ •ttd bil8 ofrtport As th¢ ¢hrity tr¢¢5 of th¢Trustyou rEgPQ]L8ible forih¢ pr¢p414t1 of the4¢cwnts in a¢¢ord4rt¢¢wlth ihe requittments of Ibe c1j1¢S A¢t2011 Ilh¢ ACVI. l rtport iti r41pecl of my ¢Mminalrt of theTh5 accounts c4rrieAt outUAder s¢clion 145 of iheki in cwin8 Out my ¢ximinatith I have folknwed all ippltcabl¢ DI105 given by th¢ Chrity Commission under S110 14J(SXb) of the A¢1. BaBl¥ of the IDdepeDdeDt Eximln¢r's Report My rAaminatioD was ¢OJTie41 out in &cldAceWjth the GeneEal Dirt¢thi8iven by th¢ Charity Commission. An txaminetion illclvd¢s a r¢vi¢w ofthe 4cwintinB teeords kcpt by th charsty and a comp•riwn of the Rryount$PT¢s¢nied with Ihos¢ Mrds, It also includes eonsiderwtion ofany uRusu41 ilttns or disclosure5 in thea¢counts 4nd ofexpl&n¢tions from you ds Truste8% coneernitig any sueh nwffas. Th¢wo¢edut¢g widert4k¢n do Dot PTovid¢ all th• ¢vIdCn ithèt would bB tC4Uirtd its th audiL and wiwuentiy DOOPiOiOO is given lo whether th¢ acwts pre¥DI B'true ind fairview. and the pOrt is Ilted10 thos¢ mAtt¢Ys t out in the il&le4rEttt below. I hAvecompkftd my ¢min6tiQ. l e4)nfirm tht nomilerTral have ¢omelo my •ttMtion in cOntion with Ihe exllmination givth8 mt tdi¢ve thht in any mRtui&l te5PXt.. ow)untin8 re$ *v¢ tw k¢pl irb ffspecl of th¢Trust IS m411ired by section 130 of the Act. or th• iwjunts do nol with thost rttoTds,' or tli¢ &cllts to not ¢(ryly willi the8ppli¢ibl¢ wuiremenls eoDcerning the fonn ond wilentof•ccounL4 setout in tbe Thariti¢g{Aeeounts Ind Rem) Re11lors 2008 h¢r Ihart aDy iequir¢metst that fy¢rounts BiV¢ i true and hir vltw whi¢h is noto maft¢r considera as part of I have noconcerns hAV¢ me acrossAO other mRIttt5 ineonfteclion with the 1¢10 whkh •ttentlon th01 bedrnwn in rqth in ordtt to ¢o&ble& properuttdtnt8rtd?ng of the •¢counts to b¢ rexh. MArnIEW PEfTIFER FCA STAFFORIY CHAR1FRED AccoUKfAs irNIT I. CAMBRIDOE HOUSE CAMBORO BUSJNESS PARK OAKINOTON ROAD QIRTON CAMBRItX3E CB3 OQH
TR bER2 Tk1rn51¢ts ar¢ T¢sporysibl¢ forpT¢parin8 tho R¢Irt of thoTw$lew hnd the firt1@1 lI¢m¢Ats in ipplicablc liw ind Unite4 Kitigdom Ati8 stsndA (Uni1 Kin8doma¢n¢rnlly A¢c¢pted Accounti Prn¢tice). Th¢lAwwli¢•bk to ¢trIlI1¢S in En¥htbJ W¢S. Ihe Chariil¢s Ath2011. Chwity (Amnts Ryrt5) R¢8ulattolls 2008 the prnvisionsoftbe trusl detAI requiru thc trustees to prepar¢ financi8151atemeiits for each finan¢i41 ywwhi¢h 8ive a trutand foirvicw of lh¢ slate of aff•irs of thc chority •nd of th¢ ITO]ng r¢sourt¢s aud •ppliotion of tWOUTttS. includingth¢ illcum¢Ahd axpdir< of the ch4Tity for that Year. In preprin8llJose f8¢1•1 SMt¢itnts, th¢trusters ir¢ required to: t¢k£t 5Uitabk atcountfThg poli¢iesAnd th Apply thMI ¢oMistenty' ¢i£crv¢ themethod$ ind principles in tht Cbarty SORP: nyk8 judgemertts estlmltss tlwiAr¢r¢•sonabl¢ and pr4xl¢nt; pr¢por¢ tbe fiNn¢i81 slat¢meDts OTh & 80irtg ¢On¢ basis UDle85 il is iPprId1g to PTe5WthIt the pAMt ¢hwity ind its sUldi1ry undertakings wll contiDuE ih Otmtiryb. ThoTrusS aT¢ rwsible forkwii#gprow •c¢ounlinB ordS whi¢h di5¢1co¢ with rtawhthl¢ ac¢w iny tinw th• finwiil position of the pir¢nt ¢b•rity ind its $ubsidiory undertakings and io tble themlo¢n&urc th&tth¢ fimncial slfttcmts comply with th¢Chthrili¢s Act2011, th¢ Cfftwity (Accoynls ind R¢N)rts) Re8ulition$ 2001 and the provision5 of the tndeed. Thty responstblc for tsfegurditi8 the assets of the pANt charity and its subsidi•ry und¢rtJkinp Jttd hMc¢ for taktngrew•bl¢ sttys forthe pr¢vention ind dsOn of thud oDd oth¢rirTe8ulvhi¢s.
The Tfuste¢5 of Ih¢Charity pr¢t thelr TH and finOTJ¢IAI s(atrni¥ for Ilieyear •kd¢d 31 D#¢mb¢r 2014. Th¢ mi$es hav¢ Athjpted the pEovision5 of A0118 and Reportattg by ChJrili¢5.' Stthmeni of RmMend0d Prftdic¢ Applicabk lo ¢horitiH Preparing their i¢¢ouDt9 its accord&nccwllh the Finhncial R¢pDriin$ Standard applible ID UK Jnd R¢publicof Ireltyd (FRS 102) (tlY¢¢live l J#nu201S). STRUCTUR& COVERNANCB & MANAGEMEI Th¢TTUSle4geOMfinnth•t the0w11 remftnd cthnply with ts ttquiMKnts of theChille$ A¢1 2011, Ih¢Tntst Dee41 Rnd ¢h• l11t1¢S SOP FRS 102. Govern141 docm¢Dt Theappoifttment and rettrenwt ofTru$l¢es is SUbt tr) the ll¢)rnxl ststlltory powers for ¢knritybh trnsts Atxl lsd11 with inAccordpnc• wilh th¢ Tru51 Dth4 da1 I I Au8USt IW subs4uent •mendrnents. New fNttets scl¢ctoJ from p¢r50ffl5 With busiDtas ¢xp¢rthrx and inkr1 ID ih¢ CatIon And welhr¢ of yowi8 p)pl¢. Tbw bav¢a¢cets to the utdatK¥provid¢d by CJD¢S¢htyJl Qlob4lLimiled ityj ChBrity Commissithb publications. TheTrnsk¢s meet r¢ylprly and k¢pon1Ity for thomtrnll rnMin8of thechaTity. OMS¢lwtsl G]ob&l Limited provld¢s4dve ind 8uldonce io theTrusleeson th¢foMwIi0n of School 11¢1¢3 and p11¢. Rlsk MA4aKemeDt Th¢ Trnstses baweeondu¢toJ • r¢wew of the m•ior rtsks to thich th¢ Crity 16 1xpos. Wh¢reappropriot¢. sysl¢ms of pr¢S ha establlslI, d ftre irt¢luded in the risk register. Thes¢wLxeduKs &reFeAic¥Jic•lty mtthved to ensur¢ they ¢onlinw¢to mcet the of thc Charity. OBJEcnvES AND ACllVIT ObJeets The ¢hArit•bl¢obiects of th¢ tnMttr¢ th•hdvan¢¢DKntof the aJucatiDn of childnn youn8pu)ple. The objeets 1180 incJudtr4hy other¢hwit4bk p¥Jrposo fLYtbe ben¢frtof th¢ woTldwid¢Ckni9ti&0 frllomyhy kllown Ih¢Plyrnuth Brahreth c1$1180 ltt furthewKe of its objects th¢ Tn¥tOPErat¢s to d¢pJoy to best to provide th¢ m¢ans to ddiw support to qyDlifyin8 C•US¢4 ¢SPXi8Jly th¢ 001 op¢rnuM at Bi881¢9wadt Cthipus. Provision of elucation w th¢ Big8kswwJeQnyu8 1$ provided by fh#¢hority On&%¢hool fjlohl UL Etk Oyrsupport is ttyed al sthoots thal mjirrtain eth05, that pvpilt ar¢¢nwurn8ol to deveJopih¢lr 11 pot¢Mti&l and acquire th¢ dlgcipllne of learning h¢)wts lewn, Ivhil¢ uplM)Iding Christian 1chIngS and beliefs. Al di¢ 5anK tim¢ tb¢ truth &ulhority of the Holy Bilk And Strong family v81u¢s underpin ¢very fa¢¢t of the edu¢AtloMI PTOViSiOn im a rend ¢tring¢nvironDKnL Val¥ Th¢tllT8te& 4redTawn from the brtlbm commuBity ind Iheir sthools we¢0mmitt to i wayof Ilfe (h•t is BovenKd by die Holy Bib wU0¢ to roflect Bibliul V•lU wbi¢b irLclud¢'. Intwity-upfiBknw, hoD¢sty &nd dec0$ ¢ondu¢t. goY¢rn¢d by the Holy BiblE: & Compwion- kindnus, corbsidcrntion and generosity 10 4. Respe¢t- for peoplt. property.opinion5 snd Othlty,. R¢sPs]bIllty-f0r our action4 progr¢ss and a110men CmIttl- kn f41s¢7p}lTrV ODd the pursuit of excellenco Sl8nllleintA¢dvld Thc Th1 hds WOTked with the Ernutte EdocAtion Thhsl is reSponblE for th¢ provisioD ofthe f]IllIes ai ih¢ Bi88lesw&th C2mpu8. WecuneLtly have £79.400.00 on lxn to the ETmine Edu0 T1 ID SUPPOrt of irnprov¢meDts to iheir prom. We h&v¢ also forwven A sum of £9,thXI,00 which L8pmiou8ly irt¢ludvAi Mi ihe imount to Erniin¢ EdUct0 Tndl1this amwtlDJI Year. W¢ hi¥¢ been ibl¢ to krfp propNty OFmtiDJ)Al during th¢yew. usiTh8 it for ouroffLC4 for charitsbl6 wpport and also to store equip$1)t, W¢ have Also m&d8 provisionfor il to be used for sthrn8¢ And cbarithbk lIVi11 by both lh¢ BJiT Chirity. On&8¢hool Gl¢hl UK and themowbrny Gosp¢l Holl Tri¢ odioHI our sile. Vollloletr Cojlrlbutlo Th¢trustea¥ we all uDp4id volunk¢r8 OT¢ u18ad in Ih¢op¢rniipn of th¢tTU$t 8nd hov¢ othercomrnuD5ty Dmr¥OlnI who ¢kn be ¢1]] ort for h¢ip45 Pubue Atntfit We hav¢ to th¢BuwRe£ wLtsio¢d MI the Cknrity Commiss.4 8encrnl 8uidwnv on publi¢ b¢nefit NDdwehave hpd rcsard to it when r¢viNviog our iims and Obitiv olld in planning ow futur¢ ObJtiVes.
Objttflv Kty objt¢tivtt forthcye8r iiKluded: Toeonlinuc lo provid¢ supth toth¢ ddivery OfedclI]rAI it th¢Bi881¢sW4d¢Compus. Toscjt rrAlundBn¢ assets to provid¢tsrtds forth¢Tru$i. To mov¢ fonvird with i eompr¢hM5iVt reVW forth¢ le•dDyMen1 of o¥rprop¢rty $0 wetre in a finallcially stAbl¢wJsitioJJ with#d¢qyii¢ iuwm¢to swrt our¢haritsbl¢ activity both on off site. ACHIEVEMENJS AND PERFORMANCE We for¥¢ of ttse loaD to Emiklle EdtIO Trust to support their fltsancial jituelion. EoniD¢ Edu110 TThst ¥¢111&ed obJtsXiv¢s with OUTS ill SUPPOrt of Ptymouth Brerbren Christim Church and their nttd to provtyje supp)rt for edtsc41ional ne¢48. To Sup tb¢ publi¢ b¢n¢fi¢ hAVC m¢ f•cilili¢s &tIable to the Ripid Relief Te•mcknrity whKh embraces their sigftiflellnt dvity in syptort of AddcMbrook¢'s Hospttsl artd the wider eommunity. pid Ralief TeErn is a Plymouih Brethren Chrisiian Cburch bued ¢Etarity tbat is BlfIeIY sel up for outYh work lo th¢wEd¢rcomml1Y. hits$.'IhrttlolMI.ornlgbl We b8v¢4lso mide parkin8provisiuJ Av411ibJ¢ kn the neithE)uring ArtiwT RJDk H(opic¢ whib works ire bein8 do in th¢ nearby prk and rid¢c•r tk. FINANaALREVIEW Th¢Trusl li miintininB Ibtir proputy to provid¢ facilities for th•rilablf Rcntsl inrthte in t]i¢yearw45 £66,421 (2023: £62,807). TheTrust received donstioas towNrd$ mairtttnance lotdling £15.WO (2023.. £19,OSO). Totsl expditur¢ in the wos £102.3 (2023: £101673X in a dBfiGit of £18.491 (2023.. £20J45). PrlJ)¢lpAI Flladlo8 Sour¢ The Trnst had financial butwhitived 4 fvlly bAlonc¢d $h budw fw 2024. This$ achiev¢d fmm 8pe£ificdcfflation8to fund th¢u)ntinwd ¢bArithble oprrntioAs on the sit¢ as w¢ll as incom¢ from 5hiriTh8 us¢ of 4 lesser p)rtKbn of tJK sitc, In the shortt¢nnw¢ bM8bared of th¢sreSPIce in the property u•&r li¢eKe to s¢hool trndinB compw to Q551$t th¢ir fund rnistng a¢tiviti¢s fw BI8decemp dth•rebY help tooff8et som¢ of our Nnning ¢0sts. Prlnelpil ond uxceTt4lntki f•¢lDg the ekirlty Beethw(w)d Eduration Tnrst maitttsins a risk re8iil¢r which in¢lvd¢s key fin¢1•7 rnks. Goin8 fonyarth. the nlS[glfi¢lI iisk is llrI8 kn incometoop¢rAk aDd mainmitt th¢ Prop. SuffJ¢ient re¥¢40r owaiing fithds s(0 kDMiDtsined to Co1 ¢xpefis¢slo Wartd keep Ihe proputy a silisf8ctory ¢ondii whilst detenThtte th¢ lollk¢r ttrnioplio4& Rtservei BeecliwoAI EdI10th Tnut kcry5 i r¢s¢rve of fortds to ¢over4hti¢ipated ¢•pitsl exditi¢ ui th¢ buildin84nd wj Iwl or pl•nniD8 C0515 rmy iri Ftsture Goiti8 foTwth8 Behvm¢4 Edw41iw TNgt will le¥ern8e tho us¢of theschool prOpernY.m1Og itavaihbk for thwitsbl¢ 4¢tiviti¢s and to rn18¢fvnds to thlfil our charltsbkputP05¢5 whilst r¢vi¢wtll8 mvfKTsliip to m]MIse¢yld as• cNpitsl investrne. In fbr term are 5bhrin8 u8¢ li¢enee of prt Df the pruF*rty Ih Fusion TwAding{Bi8gleswth) Lto. This will retyrn adgquate fundsto 1c• the bud8eL miintsin the wopty aDd deliver on oyr¢lt•rit4bl¢ obj1Ve5. It WIU •lso mean th•tWe C4D ¢ontintsewith our cbiritabl¢ u8¢ of th¢ Tesl of Ih¢prorKtiv. Weahticipate that w¢wtll Evovid¢ thrther sUprt to Ermin¢ Edu¢8tion Trus1 or On&SclLooI Olobttl with whom wc ore affilia1. lo assisl witli the by0v¥)rt of edu¢At•)n on other siks in our Imin¢dl&te 8TH. We are tbcth ¢tinuIng10 us¢ Ih¢8OtKB Cuncorn h5is ID pr¢parFn8 oyr fInaDFI $W¢mrnt& lknrth¢J dd&ils rnyrdin8 the Adoption of th¢ 80in8 bos1$ b¢ found in th¢Accouniin8Policieg. This r¢port awoYe4 by the Trnstets gloqlMA< ind,,'8wI on theirbeh?Ir. P¢t¢rMaTsh Trustet PAUI Heth•Till8lon Trust¢•
AN 2024 2033 Noie ejtrtrted Unrt4Trld Ads INCOME FROhf 15.9Ctt) 15.900 66.421 466 725 83,512 19,050 61807 271 Other trading acliviti Invtstments 6Q421 725 67.612 15,900 82.128 TOTAL INCOME 13,9LKI 67.612 83,512 82.128 EXPE]¥DITURE ON Charltsb]e a¢tlwti¢g Other ¢xp¢nwg TOTALEXPENDEDITiIRE 21.356 72.123 .479 101.113 102 673 NET (EXPENDrruRE) IN THE YEAR 12,456) ( 6.035) { 18.491) ( 20545) FUND BAL4NCES BROUGHT FORWARD FUI4D BALANCFS CARRIED FORWARD 888 365
2•24 21)23 Nol8 FIX8D ASSE13 T•n8ibleFixd Assets 762,727 782,014 CiIRRTrJYT ASSETS D¢br5 Ca8h at hnk •tsJ In nd 10 87.154 96.614 133.113 131326 CREDrroRS: Amounts f•llln¢ wlthl t yt•r NET CiIIUiEhry ASSETS 125 638 124 842 TOTALNET A&8ETS 888 365 Umrstri¢ied funds ReBtricj fvods 12 12 n6.425 792.460 114396 The weTe approved ty th¢TNsteu ..... .. and siBned on their bchaif Pet¢rM*%h (7N8t¢¢) Paul Hdherin8ton (TTY51ee)
2024 2•23 Notes CABh nowi from optr4tloK attfvltlu.. Cash 8¢nerntcd from operntlon$ Nett•4h D#Ed In Oper•¢ *¢ltvld¢J C•sh flowi from thvestl#¥ #ttlvltlu: Int¢Kyt l¥tI1 466 271 Net tAih proYM¢d by IDvulln8 Ac14vitl 271 Ch•nge ID twh athd c•th equlvAI¢Dts ID Ihe nportln¢ Yeir Ci#h t••h eqilviltnt bro•Rht ¢oTh•rd 10247 7.901 C•th Ald ¢qulvileDI c4rrted foTv•rd
I RECONCILIATION OFTHKNET MOVEMEIIT IN FUNDS TO f4ET CASH FLOW FROM OPERA7IING ACTIVrnES 2024 2023 et In Adjustmtots for: tWe¢iation chgrgts I¢[¢31 1ve41 tkcrdse I(1$¢) indebtW5 [•CTellseJlDe¢r¢45¢) in crediton 1(491} ( 20.545) 19287 466) { 19.287 271) 8,752 Net ¢*•h ID oper#l¢og •¢tlvl¢l
I LECALFORM Th¢¢hrity 15 a re@le Chltyre$lBter¢d ID En8lihd •nd Waks numb¥11)64508. Theopmti(ms of th¢ Mtity llre lo and Id oul rvJund4nl sehwjl knbildin88. 2 ACCOUNTJNG POLICJLS (i) Basis of pr¢parnti The slaiements hvlve beth prepue41 urtd¢t th¢ hi511¢•1¢051 convethion wilh it¢msreugniseJ 81 ¢05t or trIEe1Th Y4lll¢ uo berwiseststed in the relevant note5 to tha$¢ A¢counls. The financiAI statemts hllveb#n prepred in &ccord•nce with the St&tetn¢nt of R0MMended Pr&cte: A¢counlin8 and Reporting by chariti PW¢P•Ting thehrAccounti in ardanc¢ wilh fheFinancil R¢porting Stsndjrd applIb]C io th¢ United KSn8dom and Rcpubli¢ of Irelaod (FRS 102) tssued on 16 JlY 2014 and the Finatt¢ial Reportin8 Ststtdsrd applicAble in tho Unld Kingdom Republic of It¢JNnd <FRS 102) attd the Charities A¢t2011. Th¢tt ¢$t1¢S i public bu¢fit¢Atity &s d¢fine41 by FRS IW2. Th¢TNstw ¢onsid¢r th•tth¢8oML8 C(meun $18 is app]WTi4lts they com3id¢rth¢ r¢8¢rve IcY¢]s and cXWl BiViry8NI oth¢r income lo b6 SUITlent to sre thit th¢Ttrall m¢¢t it$ financial obligatiOL8 for then¢ 12 to 18 nnthS ind on thvt bl$thE 18 a 1ft Concern. Th¢Ee are no material ull¢ert&lntics 4boutfv Tru5¢s ability locontinue. {b) InwMe1¢40n All incorne is rwwJis¢d Onth1ty h•s Mtilkm¢nt to In¢tyn4 it is wrknbl¢thii the Ineonktwlll bt r#¢iv)J aod the UnQWDt of th¢ iThcon ¢ivabk ¢an b¢ r¢liabfy. Or4nts r¢r¢ive418rn iltrlbuted to the fmoncial ytar for are int#e inymonieg ye1Ved in 9dv4nb¢1nSrzEd forMrd lo lh¢ n&¥t rth8n¢ial yur. (e) Expenditsrt fttO8nition Li8bilitie5 or¢ 08nised 8s exypkJilur¢ g$swn as ItL¢re is i It1 or ¢¢)nstnKtiv¢ obllgaiftoti th¢¢lwity to Ihat ewditwe, li k PTobNble thit w¢lent wlll b¢r¢quire41 and th¢Amouni of the obli8Qtioti C bc Dwyre4f r¢li•bly. AJI yMEitiwe1g 1CCOuftt foron An a(uu•ls buis and bE4n ¢lSIfied under th¢ htadin88lhatOB&f¢8at¢ all costs ft]1$ to the cftte8tsry. Wh¢r¢¢ogts c{)1 b¢ dir¢¢tly attributed lo partlcutllr h¢odirhgs thty hBv¢Een illoc4ted to iclivitiw ou a basis eonsi$tent with the y8e of rtsour¢¢s. (d) Raising fund8 fvnds iDcthd¢s All ¢xp¢ndityT¢ incurred bylh¢¢h•rity ¢ornisc fvnth for its ¢hBrithble PWFQX5 and i4duded ¢Ls of 011 fynd[Aln8 4Ctivi(1¢5. VYnts and AW-¢haritabl¢ tradin& (¢) ClJaritsbl¢ 8¢tjvltje ar1tsbl6¢xpditt¢ cDmpris of incur1 by ibecknrity in thc delivery of its activities and sen1$ for it8 Il jrtclud45 both eosts Ih4t be allornted thncity io svch a¢tivities tkn¢ costs of WD indirt nalur¢ n¥¢ssary to support (fj Oovtrn#nce costs (Jovernpm¢¢ ci61s in¢lud¢ thos¢(%)5ts ossocioted wilh nt4liDJJ CUJStitulMjn •nd $taW ro4uirnMIts of tkn cb•rity and Include costs retskd tothaAudit athl eosb linked to th¢slMie8ic nleIof thr Chirity. (8) AllotIon and apportknimBnl of costs All costs 8regllocottt1 between th¢expdIr¢t¢80TlC8 ofthe SOFA OD 6 bASiS de5i8DoJ fo reflxt th¢ use of tb¢ rt5<Km Cotsts retsiui8 to rticulu a¢tivlty ar¢8llWt¢ddEl1y, Dth¢rn ar¢apporttoncd on In appropriateb•sis, lmAtt1 usa (h) Tbl¢Fi] ald D¢pre¢iilion Ikprttiltion 18 Ch¢d ¢M red assets on & straiglit line o¥tt the e51iD4t¢d u%ffiJl eethwoyc life of the ass¢ts 85 follow EquipnL¢nt & vehi¢l 25% T¢dJ8b&kn Premis&s InrOyalts 2%on¢o {1)Fw Lknr¢gtridtAI fimdB c4n be accordBnc¢wlthth¢¢harit8bttotylIVcs Ai tho d£%r¢tiotb ofthe ItuSt. Regtrid fuods c8n ohty usel for the prticultr WtrA¢toJ pwp09# Within the obje¢tivtsof the th8rity. Rutri¢tion8 Arise spe¢ifx¢4 by the donororwb¢n fundsa1erai$ for pprticulgr r¢strict&J purp. Furthtt PhtIon of the Datu and PUTPOS¢ of e4ch fund i¥ indudel in ts llot to the flMnwl$tst•wi
10 2 ACCOiIY4TING POUCIES (CONT.) IDD¢btorB Tnde Bnd otb¢i thbtors aro rxogttiztd s¢ttl¢mMt amwnt du¢4llerany trad¢di5C¢Wnt offerel. PryiYnts ar¢ Valu Ji ¢h¢•t)Kwnt prepahl ttd of •ny trod¢diKowJts d (k) Cath AtbaDk ID knnd Clsh at bk orttl in h•fid inoIwh ¢&th•nd $bort term hi8hly liwld inwlrneDl$ wlth short mthrityofibrt¢ moDth$or l¢sB from th¢tht¢ Of •V4UiSition rA 0108 tbedtpwhorjimijar acc¢. O)Crvlitors ud wovlsi cdI¢T3 •od provlsions ar¢ teL¥Jgnised whtt¢ th¢ thty Iw A prw¢ntobli8Alion TesuliinB fromA p8£1 ¢vemt iht will pr)iblY Jesult llithetrnttsfer of trj$ to A third phrty and th¢ imouot due tosettle Ih¢obli8alb)n Can b¢utimit¢41 or mcasurnl rtliobty. CrvJi¢OTS prnvisio ue nonrAIty rrtwis¢d 4tthe1rgettltntqfilfier iUowin8 forahytrade disc¢Mmtsduo. (ffl)FiDoncinl The¢hlty only h•s fin011] ags¢ts and finon¢i81 liibiliti¢s of a kind that qu[fiN •$ bui¢ fInellI irtytnrnlL Basic lnthrDts • inili81ty Is traD$10Th lU¢?d ¥ubs¢qu¢nlly nvgvrryj it thoir Jettl¢nMi v•]ue. 3 MOVEMENT IN RF3OiJRCLS (Pefldty8arplu•fDr Iht yt•r h •fterebirylugi 4 IIONATION8 AND LEGACIES CJpilAI Rcpirs fuad Oty¢r•l fd Totrl S ACTIVITILg FOR GENERATING FUNDS R¢stFil ¢4pithI R¢strKtsI Kepaiys fumd G¢tt¢ral fvnd Totsl C•pil41 hnd Tohl C•pit&l futtd fund Genw•l Ilmd Totsl 271 271 6 OTIIER INCOME Dd Ullr¢strict Rcatrict¢4 Cpillll fuffjd (3¢7 fund Total Totsl Sdeof ass¢ts 725 8 TOTAL RLSOUR(W EXPENDED R¢5trictede4pltsl Utsrt4tr1cted C4pTrtsl £lmd Re5tricled Ryiys fvnd (len{ fmd Tothl TotAI LIArllable •¢tlYltl 913 913 19.287 70,993 3,283 19.287 70,260 DwKiotion of bvlldin88 Pnnis¢J rututin8t¢Kats Ommts to h¢r truyts Bknk ¢h•r8¢s & iTr#¢¥est 3.456 15.831 ij. 55.iVJ3 9.0 283 101.113 12.456 15.831 13JOD J6392 I.479 C•vtroAPtt cojts Independent BxamIII0ft fe TOTALRL801JRCLg EXPLYDED 102 673
EEC OODE TO E FINANCIA STAT MENTS FOR THE YEAR ENDE R20 9 TANGIBLE FIXED A&8ETS Improvements Total Cost At l January 2024 Addition$ 100.000 964.455 1,064.455 At 31 December 2024 100.000 1.064 455 Depre¢i•tioD Al l January 2024 Chatge foT thc year At 31 Dec¢mber 2024 282.441 282.441 19.287 301728 301728 Net Book V#ly¢ At 31 De¢cmbcT 2024 662 727 762.727 At 31 DeccrnFxr 2023 100.000 682.014 782.014 10 DEBTORS 2024 2023 (xjKrde0rS. including prepayments )ans to oih¢r tnjsts 7.754 8.214 87.154 DebtOT5 In¢lude a balaTKe of £79.400 Loaned to the Em?ine Edu¢ation Trust, a chan'ty with similai obj¢¢ts I I CREDITORS. AMOUNTS FALLING DUE wrrHJN ONE YEAR 2024 2023 Trade CTcdttors Accn]als 3,185 3.030 4.454 7.475 12 MOVEMENT OF FUNDS UNREsfRICTED FtINDS Balance at 01.Jafv24 Incoming Resources R¢sources Expended Ba]ante at 31-Dec-24 Tran$f¢TS Designated Capitsl Fw)d General Fund 667,618 124 842 15,831) 9.01)0 9.000 660,787 125638 67612 { 792 460 67612 786 425 RESTRICTED FUNDS Balw)¢e at Incoming Rtsourcc5 Rt50urces Exp¢nded Ba]ance al 31-Dec-24 01-Janv24 Transfers Mantenart¢e fuThJ Capita] fithd 15.900 { 15.900) 12.456 114 96 101.940 114396 28.356 101.940 13 Af4ALYSIS OF FUNDS Restricted Caprt Fund Dc51gnated Capital Fund General fimd Totsl Tangkble Fkxed Assets Cwren¢ Assets CurreD¢ LiabJlJtits 101.940 660.787 762,727 133,Il3 133.113 7,475 125,638 101.940 660,787 888.365
12 14 PIIRPOSES oFRTRlED AND DLS1GNAr FUNDS Restyltled upltl Thc r¢strickd qpithl fvnd compiis¢5 Ihe copitalised wsts of th¢rt¢w schwl hiJL to8e¢her with ush I11•ble kn 6t•d on oiher(•pithl prni#ts. Th¢ i¢strldgJ mhiAlen8cefund wnpris¢s don&tion8 tow&rdsth¢¢osts of on80in8 Mainmart of the building. Dulgolttd eApItsI fuod Th¢d81¢ed upit41 fund th¢ netbLK)k value of lind, i¥Jilditt88.v¢hkies Wbd ¢quipmeDt purch&8ed from 8enornl fyodg. 13 TRUSTEES KXPENSES & REIATED PARTY TAANSACTIONS No TntsNiw•s paid any IA 2024 or 2023. [rIng th¢yuT, the ¢lwlty Ik&S undertaken v•dou5 Ir•nsadion8wth and o¢h¢rr¢latal wti Th¢ Trnslees consider th4t ill tt8w¢tions ar¢ at a market or bew rnt 16 STAFF C(k e ofth¢Trn#e8s h&v¢ be¢n Faid any remunttoti( ct oiher berts from in th¢ yur. Thc ave nynJb¢rof sthff ¢mpioy¢d duri0& the yar nil (2023: nll). Eludin8th#1msIee$. ther¢ w¢re no kry nwwA¢ment porKJnrÈeL 17 COfrIPAMThS FORSTATKMENT OF FN4NCIAL ACTIVITIFS AeJlrtekrf Ur*slrlekd FNiitts ro ]NCOMK FROM D)NlionÈ wd legacl¢s cxher tradinglIVI¢s I¢tMents 19.050 19,050 62.807 271 82.128 62.807 271 63.078 19.050 TOTALf4COME 19.050 63.078 81128 PKNDJTUREON Chorithbl¢ activitie8 L)h¢f ¢xpewts TOTALUPENDEDITURB 30,S06 lQl.113 30 NKT M0V£MFT lly FUNDS 11.456) ( 9.089) ( 20,545) FVND BALANCLS BROUGirr FORWARD 125 852 801549 lIAQL FUND BAAAf4CKS CARRJUI FORWARD 114396