REGISTERED CHARITY NUMBER: 1090899
Report[of] the Trustees and Unaudited Financial Statements for the Year Ended 31 August 2020
for THE HARRODIAN SCHOOL CHARITABLE FUND
Hill Wooldridge & Co. 107 Hindes Road Harrow Middlesex
HA1 1RU
THE HARRODIAN SCHOOL CHARITABLE FUND
Contents of the Financial Statements for the Year Ended 31 August 2020
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Report [of] the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 10
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THE HARRODIAN SCHOOL CHARITABLE FUND
Report[of ] the Trustees
for the Year Ended 31 August 2020
The trustees present their report with the financial statements of the charity for the year ended 31 August 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). 2019).
1 January 2019). 2019).
OBJEC‘HVES AND ACTIVITIES
Objectives and aims
The objectives of the charity are:
To offer financial assistance on a means-tested basis to external candidates applying for a bursary or full scholarship, to enable them to be education at the Harrodian. Depending on the family circumstances, financial assistance will be provided to meet the whole or part of the cost of the school'sfees.
To offer financial assistance in the form of grants to current parents in order to meet the whole or part of the cost but only in emergency situations and provided they meet the criteria as set by the Trustees.
The fund also provides supportand the advancement of all aspects of the education at the Harrodian.
Public
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aims and objectives and in planning future activities.
The charities activities provide a public benefit through supporting parents of external candidates, applying for entry at 11+ and 13+ as well as supporting current families with short-term financial difficulties.
ACHIEVEMENTAND PERFORMANCE
Fundraising activities
Fundraising this year has focused on the following:
Communicating with all parents to inform them of the Bursary fund and 'how to donate” information.
Targeting specific parents. who have expressed an interest in donation.
Encouraging the donation of place deposits from leavers, including the 6th Form as well as all other age groups.
- Investment in leading edge fundraising software, supplied by Toucan Tech and sitting within the school website.
FINANCIALREVIEW
Reserves policy
The trustees aim to maintain a minimum reserve of £25,000.
FUTURE PLANS
With ongoing fundraising opportunities and activities, the future plans are to increase the number of scholarship assisted places to external candidates at the 11+ and 13+ entry levels and eventually include 16+, enabling potential entry into the 6th Form.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporatedcharity.
Recruitment and appointment of new trustees
The Harrodian School Limited management approaches responsible individuals, all of whom either carry the list 99 clearance or else are officers of the court.
Training of new trustees
As a relatively small charity with moderate activity, we don't feel that any specific training is required for our Trustees, most of whom are professional upstanding citizens.
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THE HARRODIAN SCHOOL CHARITABLE FUND
Report[of ] the Trustees forthe Year Ended[31] August 2020
STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
We have considered the risks,[if] any. that the charity is exposed to, and the Trustees are confident that the charity does not have any commitment as we have not entered into any pledges or obligations beyond what we specifically raise for a particular charity or cause. We thereforedo feel that there are not any charity specific risks or concerns.
The trustees believe appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVEDETAILS
Registered Charity number 1090899
Principal address Lonsdale Road London
SW13 QQN
Trustees
T A Houstoun-Bpswall A G Moore C Newman MA LLM J C Gough MA Dip Ed Dr A Parmley PhD MusM HonFGS
Independent Examiner
Lino Perdoni FCA
Hill Wooldn‘dge & Co. 107 Hindes Road
Harrow Middlesex HA1 1RU
Bankers
Barclays Bank PLC 1 Churchill Place London E14 5HP eL Approved by order of the board of trustees on[...lZ] ......«9‘91! and signed on its behalf by:
C Newman MA LLM - Trustee -\
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Independent Examiner's Report to the Trustees of The Harrodian School Charitable Fund
Independent examiner's report to the trustees of The Harrodian School Charitable Fund
I report to the charity trustees on my examination of the accounts of The Harrodian School Charitable Fund (the Trust) for the year ended 31 August 2020.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
| report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my[examination] I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
l have completed my examination. l confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept[in] respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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3 the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independentexamination.
I have no concerns 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 accounts to be reached. 1, yer/2W
Lino Perdoni FCA
Hill Wooldridge & Co. 107 Hindes Road
Harrow
Middlesex HA1 1RU
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THE HARRODIAN SCHOOL CHARITABLE FUND
Statementof Financial Activities
for the Year Ended 31 August 2020
| Statementof Financial Activities fortheYear Ended 31 August 2020 |
|||||
|---|---|---|---|---|---|
| 2020 | 2019 | ||||
| Unrestricted | Restricted | Total | Total | ||
| fund | funds | funds | funds | ||
| Notes | E | £ | £ | £ | |
| INCOMEAND ENDOWMENTSFROM | |||||
| Donations and legacies | 35,937 | 5,014 | 40.951 | 90,897 | |
| Other trading activities | 2 | - | ~ | - | 39,348 |
| Total | 35,937 | 5,014 | 40,951 | 130,245 | |
| EXPENDITURE ON | |||||
| Raising funds | - | - | - | 568 | |
| Charitable activities | |||||
| Grantsto individual beneficiaries for charitable | |||||
| purposes Donations paid to charitable and otherinstitutions |
76.226 | 4.466 | 80,692 | 14.854 | |
| - | - | - | 13.002 | ||
| Support costs | |||||
| 30,978 | - | 30.978 | 18.656 | ||
| Total | 107.204 | 4.466 | 111.670 | 47.080 | |
| NET INCOME/(EXPENDITURE) | (71,267) | 548 | (70,719) | 83,165 | |
| RECONCILIATIONOF FUNDS | |||||
| Totalfundsbrought fomard | 787.185 | 4.721 | 791,906 | 708,741 | |
| TOTAL FUNDS CARRIED FORWARD | 715 918 * |
5.269 | 721,187 | 791.906 |
The notes form part of these financial statements
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THE HARRODIANSCHOOL CHARITABLE FUND
Balance Sheet
31 August 2020
| Balance Sheet 31 August2020 |
|||||
|---|---|---|---|---|---|
| 2020 | 2019 | ||||
| Unrestricted | Restricted | Total | Total | ||
| fund | funds | funds | funds | ||
| Notes | E | E | £ | £ | |
| CURRENT ASSETS | |||||
| Debtors | 5 | 51.983 | 2.000 | 53.983 | 28,051 |
| Cash at bank | 663,935 | 3,269 | 667,204 | 771,303 | |
| 715,918 | 5.269 | 721.187 | 799.354 | ||
| CREDITORS | |||||
| Amounts fallingduewithin one year | 6 | - | - | - | (7,448) |
| NET CURRENT ASSETS | 715.918 | 5.269 | 721,187 | 791,906 | |
| TOTALASSETSLESS CURRENT LIABILITIES | 715,918 | 5,269 | 721.187 | 791.906 | |
| NETASSETS | 715.918 | 5,269 | 721.187 | 791.906 | |
| FUNDS | 7 | ||||
| Unrestricted funds | 715.918 | 787.185 | |||
| Restricted funds | 5.269 | 4,721 | |||
| TOTAL FUNDS | 721.187 | 791.906 |
The financial statements were approved by the Board of Trustees and authorised for issue on[its][behalf][by:] l2¢L®72m[and were signed][ on]
C Newman MA LLM - Trustee ‘-
The notes form part of these financial statements
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THE HARRODIAN SCHOOL CHARITABLE FUND
Notes to the Financial Statements for the Year Ended 31 August 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement[of] Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable[in] the UK and Republic of lreland (FRS 102) (effective[1] January 2019)‘, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds. it is probablethat the income[will] be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restrictedpurposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
OTHER TRADINGACTIVITIES
Fundraising events
2020 2079 E if - 39‘348
TRUSTEES' REMUNERATIONAND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2020 nor for the year ended 31 August 2019.
Trustees'expenses
There were no trustees' expenses paid for the year ended 31 August 2020 nor for the year ended 31 August 2019.
continued...
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THE HARRODIANSCHOOL CHARITABLE FUND
Notes to the Flnanclal Statements - continued for the Year Ended 31 August 2020
| for | the Year Ended 31 August2020 | the Year Ended 31 August2020 | ||
|---|---|---|---|---|
| 4. | COMPARATIVES FOR THE STATEMENTOF FINANCIAL ACTIVI'I1ES | |||
| Unrestricted | Restricted | Total | ||
| fund | funds | funds | ||
| 2 | £ | £ | ||
| INCOMEAND ENDOWMENTS FROM | ||||
| Donations and legacies | 79.113 | 11.784 | 90.897 | |
| Other trading activities | 39,348 | - | 39.348 | |
| Total | 118,461 | 11,784 | 130,245 | |
| EXPENDITURE ON | ||||
| Raising funds | 568 | - | 568 | |
| Charitable activities | ||||
| Grantsto individual benefciaries for charitable | ||||
| purposes Donations paid to charitable andother |
14.854 | - | 14,854 | |
| institutions | - | 13,002 | 13,002 | |
| Support costs | ||||
| 18,656 | - | 18,656 | ||
| Total | 34.078 | 13,002 | 47,080 | |
| NET INCOME/(EXPENDITURE) | 84.383 | (1.218) | 83.165 | |
| RECONCILIATIONOF FUNDS | ||||
| Total funds broughtforward | 702,802 | 5,939 | 708,741 | |
| TOTAL FUNDS CARRIED FORWARD | 787,185 | 4,721 | 791,906 | |
| DEBTORS: AMOUNTS FALLING DUEWITHIN ONE YEAR | ||||
| 2020 | 2019 | |||
| £ | £ | |||
| Other debtors | 31.875 | 25,875 | ||
| Prepaymentsand accruedincome | 22,108 | 2,176 | ||
| gee | egg |
continued...
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THE HARRODIAN SCHOOL CHARITABLE FUND
Notes to the Financial Statements - continued for the Year Ended 31 August 2020
| No for |
tes tothe FinancialStatements-continued the Year Ended 31 August 2020 |
||||
|---|---|---|---|---|---|
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 2020 | 2019 | ||||
| £ | £ | ||||
| Othercreditors | . | 7443 | |||
| 7. | MOVEMENTIN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At 1.9.19 | in funds | 31.8.20 | |||
| ‘2 | E | E | |||
| Unrestricted funds | |||||
| Generalfund | |||||
| 787,185 | (71,267) | 715,918 | |||
| Restricted funds | |||||
| Restricted FundsforOtherCharities | 4,721 | 548 | 5,269 | ||
| TOTAL FUNDS | 791,906 | (70,719) | 721,187 | ||
| Netmovementin funds, included inthe above are as follows: | |||||
| Incoming | Resources | Movement | |||
| resources | expended | infunds | |||
| £ | E | E | |||
| Unrestricted funds | |||||
| Generalfund | |||||
| 35,937 | (107,204) | (71,267) | |||
| Restricted funds | |||||
| Restricted FundsforOtherCharities | 5,014 | (4.466) | 548 | ||
| TOTAL FUNDS | 40,951 | (111,670) | (70,719) | ||
| Comparatives for movement infunds | |||||
| Net | |||||
| movement | At | ||||
| At 1.9.18 | infunds | 31.8.19 | |||
| E | E | E | |||
| Unrestricted funds | |||||
| Generalfund | |||||
| 702,802 | 84,383 | 787,185 | |||
| Restricted funds | |||||
| Restricted FundsforOtherCharities | 5,939 | (1,218) | 4,721 | ||
| TOTAL FUNDS | 708,741 | H | _5 | 791,906 |
continued...
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THE HARRODIAN SCHOOL CHARITABLE FUND
Notes to the Financial Statements - continued for the Year Ended 31 August 2020
7. MOVEMENT IN FUNDS - continued
Comparative net movement in funds. included in the above are as follows:
| Comparative net movement infunds. included inthe | above areasfollows: | ||
|---|---|---|---|
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | E | E | |
| Unrestricted funds | |||
| Generalfund | |||
| 118.461 | (34,078) | 84,383 | |
| Restricted funds | |||
| Restricted Fundsfor Other Charities | 11.784 | (13.002) | (1,218) |
| TOTAL FUNDS | 130.245 | (47.080) | 83,165 |
A current year 12 months and prior year 12 months combined position is as follows:
| Acurrent year 12 months and prioryear 12 months | combined position isas follo | ws: | |
|---|---|---|---|
| Net | |||
| movement | At | ||
| At 1.9.18 | in funds | 31.8.20 | |
| E | E | E | |
| Unrestricted funds | |||
| Generalfund | |||
| 702.802 | 13.116 | 715.918 | |
| Restricted funds | |||
| Restricted Fundsfor Other Charities | 5.939 | (670) | 5,269 |
| TOTAL FUNDS | 708.741 | 12,446 | 721.187 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as[follows:]
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| it | £ | 2 | |
| Unrestricted funds | |||
| Generalfund | |||
| 154.398 | (141,282) | 13.116 | |
| Restricted funds | |||
| Restricted FundsforOtherCharities | 16,798 | (17.468) | (670) |
| TOTAL FUNDS | 171.196 | 158.750) |
continued...
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THE HARRODIANSCHOOL CHARITABLE FUND
Notes to the Financial Statements - continued for the Year Ended 31 August 2020
8. RELATED PARTY DISCLOSURES
During the year the charity paid £25,000 for provision of administration services from a company controlled by one[of] the trustee's.
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