Charlty reghtratlon number 1084865 (England and Wales) ST CLEMENT DANES SCHOOLANCHOR FUND ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ST CLEMENT DANES SCHOOLANCHOR FUND LEGAL AND ADMINISTRATIVE INFORMATION Trusta•s Mrs R Hadfield M.B.E. Mr T Sutherfand Mrs A Pickard Dr V Livennor8- Hardy Mr S Clark (Appointed 20 November 2024) Chalr of Trustees Mrs A Pi(*ard Clerk Mrs F Hirst Treasurer Ms H Morris Charity number 1084865 Prlnclpal address Chenies Road Chorleywood Hertfordshire WD3 6EW Independont examiner John Wilson FCAATII Howard Wilson Charlered Accountants Crown Rise Watford Hertfordshire WD25 ONE Bankers Lk)yds TSB PIC Law c￿rtS Branth 222 Strand London WC2R 18B Sollcltors Reynolds Porter Chamberlain Tower Bridge House St Katharine's Way London E1W 1AA ST CLEMENT DANES SCHOOLANCHOR FUND CONTENTS Page Trust88s' report Independent axamlMfs report Statement of financial activities Balance sheet Notes to the financial ststements 9-14 ST CLEMENT DANES SCHOOLANCHOR FUND TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trust88s pr8sent their annual report and financial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charitys goveming document, the Charities Act 2011 and °Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing th8ir accounts in accordanc8 With the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended for a¢￿JUnting periods commencing from 1 January 2016). Objectives and activities The objectives are defined by the Declaration of Trust as being such that the income and all or such part or parts of the capital as the trustees shall detemiine Is used towards the provision of educatlonal and other charitable purposes in Connection with St C18ment Danes School. Chorleywood. Hertfordshire (a secondary school within Danes Educational Trust). The policies adopted in furtherance of these objects are the provision of grants when requested or deemed relevant and there has been no change in these durlng the year. The trustees have paid due regard to guidance issued by the Charity Commission on public benefit in deciding what activities the charity should undertake. Achlevements and perfomiance The Trustees continue to provide an appropriate level of support for the School during the yaar. Funds available for distribution on an unrestricted basis at the year end was £156.366 (2024: £145,047). During the year the amount of grants approved and awarded to the School was £34.330 (2024: £30,837). A summary is provided below. Financlal revlew A sumrnary of the financial results of the charity is given on page 7. The total of income resources on unrestrlcted furKls was £47,770 (2024: £46,986). Thè net movement in Un￿strICted funds after grants payable and the cost of administratlon showed a surplus of £11,319 (2024: £14,140). Donations and legacies as shown in the accounts are Incluslve of all Gfft Aid claims to HMRC made and due In respeGt of the accounting year. Donations fec8iV8d excluding Gift Aid claims for the year wore £35,778 (2024: £37,452). The pie chart below gives details of the funds distributed during the financial y8ar arKI further details of the Anchor Fund can be viewed at httP.IA￿1￿Y.stcIementdane5.Org.ukI2o81anc1￿r-fUnd. ST CLEMENT DANES SCHOOLANCHOR FUND TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 PIE CHART OF ANCHOR FUND BIDS 2024125 IAT HIGH LEVEL FACULTY LEVEL) li Tethn 41% Jr ST CLEMENT DANES SCHOOL ANCHOR FUND TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 For Anchor Fund Year 1 April 2023 to 31 March 2024 Faculty Sci8nce Design and Technology Creative Expressive Arts Physical Education PTrmises - Sports Hall Floon'ng other Miscellaneous / General Expenditure Total BidsAllocated Total 3.904.40 6,966.43 5.870.00 989.70 14,587.50 2,011.70 34,329. 73 11.37% 20.29°A 17.10% 2.88% 42.50% 5.86% 100.00% It remains the policy of the charity that unrestricted funds whKh have not been designated for a specific use should be maintained at a level equivalent to twelve month's experKliiure. The trustees consider that reserves at this level will ensure that. in the event of a significant drop in funding. they Y￿11 b8 able to continue the charity's current activitses Nthile consideration is gNen to ways in which addit¥)nal furKls may be raised. This policy provides suffioent funds to cover managernent and adminislration and support costs and to respond to emergency applications which may arise from time lo time. This level of reserves has been maintained thraughout the year. The trustees have the same arKI full and unrestricled p(￿r8 of investing and transposing inve5trnents and laying out trust monies in all respects as rf they were absolute v44ners ￿ermIlY entitled. The trustees have assessed the major risks lo which the charity is exposed, and are salisfied that systems are in place to mltlgate exposure to the major risks. Structure, g0￿ManCe and management The charity is an educational charity registered under the Charlties Act 1960 and administered in accordance with the Declaration of Trust dated 06 October 2000. The trustees who serrfed during the year and up to the date of signature of the financial staterrnnts were: Mrs R Hadfield M.B.E. Mr T Sutherland Mrs A Pickard Dr V LNem)ore- Hardy Mr S Clark {Appointed 20 November 2024) The trustees shall not b8 less than 3 or mre than 5 In number of which one shall be the Headteacher . and one shall be the Chair of Govemors (ex officio) (t)oth from Sl Clement Danes School). The power of appointing new trustees is vested in the Headteather of St Clement Danes School {with Ihe written consent of the Chair). ST CLEMENT DANES SCHOOLANCHOR FUND TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Trust•0 Pow•rs The trustees have the following powers: 1. To provide curriculum support or assist in the provisions of books. equipment and accommodation for the use of the School or any pupll or student thereat. 2. To assist in rna￿ng grants and allowances towards any courses. lectures. demonstratton or coaching ancillary to any educational course of any kind. 3. To provide financial assistance for developing, improving or equipping any building or propety occupled by the Sthool for the purpose of enhancement of education at the Sch¢)ol. The day to day runnlng of the charFty is delegated to the Headteacher and Clerk to the Trustees. The C16rk to the Trustees attends the termly meetlng of the charlty. The trustees, report was approved by the Board of Trustees. ALQ cP&6- Mr8 A Plckard Trustee Dated: 27 November 2025 ST CLEMENT DANES SCHOOLANCHOR FUND STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trustees are responsible for preparlng the Trustees, Report and the financial statements in accordanc8 with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practlce). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each finandal year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statem8nts, the trustees are required to: - select suitable accounting policies and then apply them conslstently; - observe the methods and principles in th8 Charities SORP; make judgements and estlmates that are reasonable and prudent. state whether applicable accounting standards have been followed, subject to any material departures dlsclosed and exptained in the financial statements: and prepare the financial statements on the golng concern basis unless it is inappropriat8 to presume that the charity Viill Continue in operation. The trustees are responsible for keeping sufficlent accounting records that disclose vrfith reasonable accuracy at any time the financial position of the charity and enable them to ensure ihat the finanaal statements comply wlth 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 hen￿ for taklng reasonable steps for the prevention and detection of fraud and other irregularities. ST CLEMENT DANES SCHOOLANCHOR FUND INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST CLEMENT DANES SCHOOLANCHOR FUND I report to the Irustees on my examination of the financial statements of Sl Clement Danes School Anchor Fund (the charity) for the year ended 31 March 2025. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with Ihe requirements of the Charities Act 2011. I report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011. In carrying oul my examination I have followed the Directions given by the Charity Commission under section 145{5)(b) of the Charities Act 2011. Independent examiner's statement Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in a¢¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities- Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. l understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice. I have completed my examination. I confim that no matters have come to my attention in connection with the examination giving me cause to believe that in any malerial respect: accounting records were not kept in respect of the charity as required by section 130 of the Charities Act 2011. the financial statements do not accord with those records., or the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the finanaal statements give a true and fair view. which is not a matter considered as part of an independent examination. 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 financial slatements to be reached. John Wilson FCA ATII Howard Wilson Chartered Accountants 36 Crown Rise Watford Hertfordshire WD25 ONE 27 November 2025 ST CLEMENT DANES SCHOOLANCHOR FUND STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDrruRE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Unrestrlcted funds funds 2025 2024 Notes Income from: Donations and legacies Investments 45,653 1,333 3,422 Tolal incom• 47,770 46,986 Expendfture on: Raising fvnds Charitable aclivities 72 36.379 32,846 Total •xp•nditur• 36,451 32,846 Net Income and movement In funds 11.319 14,140 R•conciliation of funds: Fund balances at 1 ￿11 2024 145.047 130.907 Fund balan￿8 at 31 March 2025 156,366 145.047 The statement of financial activittes includes all gains and losses recognised in the year. All income and expenditure derive from contlnulng activities. ST CLEMENT DANES SCHOOLANCHOR FUND BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Notes Current assets Debtors Cash al bank and in hand 12 32.815 151,348 25,849 149,288 184,163 175,137 Creditors: amounts falling due within one year 13 (27.797) (30,090) Net Current assets 156.366 145,047 The funds of the charity Unrestricted funds 14 156.366 145,047 156.366 145.047 The financial statements were approved by the trustee5 on 27 November 2025 Mrs R Hadfield M. Trustee J -kP,Jd Mrs A Pickard Trustee ST CLEMENT DANES SCHOOLANCHOR FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcl•8 Charlty Infomiatlon St Clement Danes School Anchor Fund Is a registered charity. 1.1 Accountlng convenllon The financial statements have been prepared in accordance wlth the chartty8 govemlng document, the Charities Act 2011 and 'Accountlng and Reportlng by Charfties., Statement of Recommended Practice applicable to charit5es preparlng theSr accounts in accordance wlth the Flnanclal Reportlng Standard appllcable in the UK and Republic of Ireland (FRS 102)" (as amended for accounting periods commenclng from 1 January 2016). The charity Is a Publlc Benefit Entlty as defined by FRS 102. The charlty has taken advantage of the provlslons In the SORP for charltle8 applylng FRS 102 Update BulletSn 1 not to prepare a Statement of Cash Flows. The financlal statements have departed from the Charities (Accounts and Reports) Regulatlons 2008 only to the extent required to provlde a true and fair view. Thls departure has Involved following the Statement of Recommended Practlce for charities applylng FRS 102 rather than the version of the Ststement of Recommended Pracllce whlch Is referred to In the Regulatlons but whlch has slnce been wlthdrawn. The financlal statements ar8 pr8pared In sterllng, whlch Is the functlonal currency of the charfty. Monetary amounts In the88 financlal statements are rounded to the nearest £. The financlal statements have been prepared under the hlstorlcal cost conventlon. The prlnclpal accoUn￿ng pollcles adopted are set out below. 1.2 Golng concern At the tlme of approvlng the flnanclal Ststements, the trustees have a reasonable expe¢iatlon that the charlty has adequate resources lo contlnue In operatlonal exlstenck for the for888eable future. Thu8 the trustees continue to adopt the golng COn￿M basss of accountlng In preparfng the financial $t8tem8nts. 1.3 Charltable funds Unrestrlcted funds are available for use at the dlscretlon of the trustees in fijrtherance of thelr charitable objectlve8. l A In¢om• Income Is recognlsed when the charlty Is legally entltled to It after any performance condltlons have been met, the amounts can b8 measured r81iably, and It Is probable that Income wlll be recelved. Cash donatlons are recognlsed on recelpt. Other donatlons are recognlsed once the charity has been notrfled of the donatlon. unless performance conditions require deferral of the amount. Income tax recoverable In relatlon to donatlons recelved under Gift Aid or deeds of covenant is recognised at the time of the donation. 1.5 Expendlture Expenditure Is recognSsed onc8 there is a legal or constructive obligation to transfer economic b8nefit to a thlrd party. It Is probable that a transfer of economlc ben8ffts VAII be requlr8d In s8tt18m8nt, and the amount of the obligation can b8 measured rellably. Expenditure is classified by activity. The costs of each activty are made up of the total of direct costs and shared costs, Sncludlng support costs involved in undertaking each activity. Direct costs attributabl8 to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributabl8 to a single activity are apportioned b8tw88n those activities on a basis conslstent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the assefs use. ST CLEMENT DANES SCHOOLANCHOR FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policles (Continued) The charity is not registered for VAT purposes and all expenses are indusive of VAT ￿ere applicable. 1.6 Cash and cash equlvalents Cash and cash equivalents indude cash in hand. deposlts held at call with banks, other short-tem liquKI investments with original matursties of three months or less, and bank overdrafts. Bank overdrafts are shown wlthin borrowings in ￿rrent liabilities. 1.7 Financial instruments The charity has elected to apply the provisions of Section 11 '8asic Financial Instruments, and Sectlon 12 'Other Financial Instruments Issues. of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charitys balance sheet when the c*arity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset. with the net amounts presented in the financial staternents. when there is a legally enforceable right to set off the recognised arn￿nts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneous]y. Bask financial assets Basic financial assets, vthich include debtors and cash and bank balances, are Initially measured at transactlon prbce including transaction costs and are subsequenlly carried at amartised cost using the effective Interest melhod unless the arrangement constitutes a financing transaction. where the transacti￿ Is measured at the present value of the fvture receipts diS￿Unted al a market rate of interesL Flnanc#al assets classified as receivable within one year are not amortised. Baslc flnanclal liabllltles Basic financial liabilities. Induding creditors and bank loans are initially re(wnis8d at transactlon pri￿ unless the arrangement constitutes a financÉng transactton. where the debt instrument is measured at the present value of the fvture payments discounted at a market rate of inlerest. Financial liabilities classified as payable vlthln one year are not arrK•rtised. Debt instruments ar8 subsequenuy carried at amortised a)st. uslng the effective interest rate m8thcMI. Trade creditt)rs are obloations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are dassffied as current liabilities rf payment is due within one year or less. If noL they are presented as non