ST JOHN',S FOUNDATION TRUST MARLBOROUGH
FINANCIAL STATEMENTS AND ANNUAL REPORT
FOR THE YEAR ENDED
S APRIL 2024
Registered Charity Number: 1078080
Registered Address: St John's Academy. Granham Hill, Marlborough. Wiltshire. SN8 4AX

ST JOHN',S FOUNDATION TRUST MARLBOROUGH
CONTENTS
Page No.
Report of the Trustees
Independent Examiner's Report
Receipts and Payments Account
Statement of Assets and Liabilities
Notes to the Financial Statements

ST JOHN'S FOUNDATION TRUST MARLBOROUGH
ST JOHN'S FOUNDATION TRUST MARLBOROUGH
CHARITY NUMBER: 1078080
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2024
Introduction
The St John's Foundation Trust (SJFf) is a registered charity whlch manages a charitable fund,
land and investments for St John's Academy, Marlborough {SJA).
Trust management & purpose
The object of SJFT is to provide funds from time to time as agreed between the Board of Trustees
and the Academy Trust of SJA for the sole benefit of SJA, its students and their education in the
community of Marlborough, Wiltshire.
SJFT is managed by a Board of Trustees which operates according to an approved, historical
Trust Deed which sets out the structure, govemance and management of the Trust.
Two Trustees are nominated by SJA for a period of 4 years and three Trustees are co-opted by
the Trustees for a period of 5 years.
The Board Trusteeship was as follows:
Nominated Trustees (period of office is 4 years)
- stephen Tapper
Carole Awbery (Reappointed 0111212022)
Kim Lydon-strutt (Resigned 1810212024)
Rex Sandbach (Reappointed 1910112023)
Ruth Sandbach (Reappointed 1210512022)
Karen McArdle (Appointed 1610512024)
Co-opted Trust8es (period of office is 5 years)
The charity's work and achievements
SJFT revIeV￿ proposals from SJA for the provision of special funds for major Academy and
educational projects not normally available through the public purse. Large repayable grants
were made to allow the school to transfer to a single site and commence the building of the new
school. A subsequent repayable grant was made to allow for the provision of tennis courts, and
a substantial donation enabled the construction of new sports facilities, including an all-weather
pitch. In addition non-repayable grants have been given for smaller projects such as equipping
the library.
During this financial year, the trustees made the promised donation to further improve the Sixth
Form common room and study corridors, and were given a tour of the refurbished areas in
January 2024. The trustees also had the opportunity to meet with the new principal, Alan
Henderson, who joined the academy in September 2023. During the meeting, Ihey were able to
explain the nature of the Trust and how the academy r￿Uld benefit from its investments.
The Charity's Trust Fund & Income
The assets of SJFT originated from donations and endowments made to the former Marlborough
Grammar School in previous centuries. These assets are invested in the COIF Charities
Investment Fund and the COIF Charities Fixed Interest from which SJFT derives interest and
dividends as shown in the Report and Accounts.
Page 1

ST JOHN'S FOUNI)ATION TRUST MARLBOROUGH
2023 - 2024 tolal gross income was £55.971.
Total assets at 5 April 2024 stood at £766,059 (2023 - £729,565).
SJFT Expendilure in 2023 - 2024
2023-2024 total expenditure amounted to £58,601.
Publlc benefit
In all its activities SJFT complies with its duty to have due regard to the public benefft guidance
published by the Charity Commission.
Statement of Trustees Responsibilities
The trustees are responsible for preparing the Trustees Report and Ihe accounts In accordance
with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare accounts
for each financial year which give a true and fair view of the stste of affairs of the charty and of
the incoming resources and application of reSoUr￿S of the charity for that year.
In preparing these accounts the trustees are required to:
select suitsble accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP.
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed subject to any material
departures disclosed and explained in the accounts; and
prepare the accounts on the going concem basis unless it is inappropriate to presume that
the charity will continue in operation.
The trustees are responsible for keeping sufficient accounting records that disclose with
reasonable accuracy at any time the financial position of the charity and enable them to ensure
that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports)
Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding
the assets of the charity and hence for taking reasonable steps for the prevention and detection
of fraud and other irregularities.
Registered Address: St John's Academy. Granham Hill. Marlborough. Wiltshire SN8 4AX
Independent Examiner: Mr A Coombes FCCA, David Owen & Co, 126 High Street,
Marfbon)ugh, Wiltshire, SN8 1LZ
The trustees declare that they have approved the trustees, report above.
Signed on behalf of the charity's trustees
4J
Date: 30 October 2024
ITrustee, Ruth Sandbach)
Page 2

ST JOHN'S FOUNDATION TRUST MARLBOROUGH
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF ST JOHN'S FOUNDATION TRUST MARLBOROUGH
CHARITY NUMBER: 1078080
I report on the accounts of the Trust for the year ended 5 April 2024, which are set out on pages
4t06.
Respective responslbilities of trustees and examiner
The charity's trustees a￿ responsible for the preparation of the accounts. The charity's trustees
consider that an audit is not required for this year under section 144 (2) of the Charities Acl 2011
(the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
examine the accounts under section 145 of the 2011 Act;
to follow the prO￿dureS laid down in the general Directions given by the Charity
Commission under section 145 {5) (b) of the 2011 Act. and
to state whether particular matters have come to my attention.
Basls of independent examiner's report
My examination was carried out in accordance with the general Directions given by the Charity
Commissioners. An examination includes a review of the accounting records kept by the charity
and a comparison of the accounts presented with those recor(Is. It also includes consideration of
any unusual items of disclosures in the accounts and seeking explanations from you as trustees
concerning any such matters. The procedures undertaken do not provide all the evidence that
would be required in an audtt, and consequently no opinion is given as to whether the accounts
present a 'lrue and fairf, view and the report is limtted to those mattèrs set out in the slatemenls
below.
Independent examIne￿S statement
In connection with my examination. no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with section 130 of the 2011 Act. and
to prepare accounts which accord with the accounting records and comply with the
accounting requirements of the 2011 Act
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding
of the accounts to be reached.
Mr A Coombes FCCA
David Owen & Co
Chartered Accountants
126 High Street
Marlborough
Wiltshire, SN8 1 LZ
Date: 30 October 2024
Page 3

ST JOHN'S FOUNDATION TRU.ST MARLBOROUGH
RECEIPTS AND PAYMENTS ACCOUNT
6th Aprll 2023 - 5th Aprll 2024
2024
2023
RECEIPTS
Individual
Group8d
Individual
Grouped
COIF Charltles Investment Fund
Chamberlain Commemoration
Fund {214400003T)
5,923.85
5, 923. 85
Governors Income Fund
{214400001 T)
19,121.00
19.315.91
13,197.75
13,392.06
Santander Interest
o.oo
0.00
0.00
0.00
COIF Deposit Account Interest
(214400001 C)
1,382.10
1,382.10
414.25
414.25
St John's PRI equivalent & Lease
agreement fee
St John's rent
MTC Allotmenl income
Transfei from CCLA
0.00
15,218.36
250.00
20.000.00
0.00
74,0(KJ.33
250.00
120.000.00
35.468.36
55,971.46
134,250.33
153,980.49
Total Receipts
PAYMENTS
2024
2023
Independent examination fee
Honorarium
BMA Trustee Insuran
St John's re Sixth Form
St John's re Sports Facilily
Transfer to Govemors, Income
Fund
588.00
800. 00
1,108.24
56, 105.00
o.oo
0.00
0.00
400.00
0.00
0.00
300,000.00
70,000.00
Total Paymènts
58,601.24
370,400.00
Net Recel
ments
2,629.78
216,419.51
Cash funds as at 6 A
ri12023
62 550.88
278,970.39
Cash funds as at 5 A ri12024
59 921.10
62 550.88
Page 4

ST JOHN'S FOUNDATION TRUST MARLBOROUGH
STATEMENT OF ASSETS AND LIABILITIES AS AT 51h April 2024
Cash Funds
2024
2023
th
Balance at Santander as at 5 April 2024
Balance of COIF Deposit Account as at 5th April 2024
18.640. 15
41.280.95
41, 773.03
20,777. 85
Total Cash Funds
59,921.10
62,550.88
Investrnent Assets
COIF Charities Investment Fund
Governors Income Fund
Income Units (Bid Market Value)
23,685.96 @ 2.043.26 {214400001T)
Chamberlain Commemoration Fund
Income Units (Bid Market Value)
10,873.43 @ 2,043.26 (214400003T>
483, 965. 75
463,531.80
222, 172.45
203,482. 11
Totsl Investment Assets
706,138.20
667,013.91
Total monetsry assets (funds valued Aprll 2024)
766.059.30
729,564.79
Liabilities
Loan from trustees
800.00
1,028.20
Approving Trustee: Steve Tapper (Chair)
Signed
Date: 30 October 2024
Page 5

ST JOHN'S FOUNDATION TRUST MARLBOROUGH
Notes:
As at 5th April 2024
COIF Charities
Investment Fund
COIF Charlties
Deposit Fund
Santander
Buslness A/c
£706,138.20
£41,280.95
£18,640.15
Account No
214400001T
Governors
Income
Fund
' Account No
214400001C
Account No
40781759
COIF Deposit Fund
£483,965.75
£41,280.95
£18,640.15
Account No
214400003T
Chamberlain
Commemoratlon
Fund
Total £766.059.30
£222,172.45
Page 6