REGISTERED CHARITY NUMBER: 1090899
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 August[2021]
for THE HARRODIAN SCHOOL CHARITABLE FUND
Hill Wooldn‘dge & Co. 107 Hindes Road Harrow Middlesex HA1 1RU
THE HARRODIAN SCHOOL CHARITABLE FUND
Contents of the Financial Statements for the Year Ended 31 August 2021
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Report ofthe Trustees Independent[Examiner's] Report Statement of Financial Activities Balance Sheet Notes to the Financlal Statements
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THE HARRODIAN SCHOOL CHARITABLE FUND
Report of the Trustees for the Year Ended[31] August 2021
The trustees present their report[with] the financial statements of the charity[for] the year[ended][31] August[2021.][The] trustees have adopted the provisions[of] Accounting[and] Reporting by[Charities:][Statement][ of][Recommended][ Practice] applicable to[charities] preparing theiraccounts[in][accordance][ with][ the][Financial][Reporting][Standard][ applicable][in][ the][UK] and Republic of Ireland (FRS 102) (effective[1] January 2019).
OBJECTIVES AND ACTIVI11ES
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 educationat 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.
Continued investment in leading edge fundraising soflware, supplied by Toucan Tech and sitting within the[school] website.
- Covid restricted fundraising events during this time, which has impacted the monies raised by the charity[for][ the ] year 2020-2021
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 constitutesan unincorporated[charity.]
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 HARRODIANSCHOOL CHARITABLE FUND
Report of the Trustees for the Year Ended[31] August 2021
STRUCTURE, GOVERNANCE[AND MANAGEMENT]
Risk management
We have considered the risks,[if] any. that the charity[is] exposed to,[and][the Tmstees ] 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] therefore[ do][feel][ that there ] are[not] any[charity][specific][risks][ or concerns.]
The trustees believe appropriate controlsare[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-Boswall A G Moore C Newman MA LLM J C Gough MA Dip Ed DrA Pannley PhD MusM HonFGS A Rivers (appointed 18.11.21)
Independent[Examiner] Lino Perdoni FCA Hill Wooldridge & Co. 107 Hindes Road Harrow Middlesex HA1 1RU
Bankers Barclays[Bank][PLC] 1 Churchill Place London E14 5HP
(.— Approved by order[of] the[board][of] trustees on[2L5l-Jm2—oLZ][and] signed[ on][its][behalf][by:]
C[Newman] MA LLM[—] Trustee 4- mew
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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]
| 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 2021.
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').]
l 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) ofthe Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examinationgiving me cause to believe that[in] any[material] respect:
-
accountingrecordswere[not] kept[in] respect[ofthe][ Trust] as[required][by section][130 of the][Act;][ or]
-
the accounts do not accord with those records;or
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3 the accounts do not comply with the applicable requirementsconcerning[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 matterconsidered as part[of ] an independent[examination.]
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.]
Lino Perdoni FCA ,/ Hill Wooldridge & Co. 107 Hindes Road Harrow Middlesex HA1 1RU l ...........................................
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THE HARRODIANSCHOOL CHARITABLE[FUND]
Statementof Financial Activities for the Year Ended[31] August 2021
| StatementofFinancial Activities fortheYear Ended 31 August 2021 |
|||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Unrestricted | Restricted | Total | Total | ||
| fund | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| lNCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 34.077 | 975 | 35.052 | 40,951 | |
| Other trading activities | 2 | 3.691 | - | 3.691 | - |
| Total | 37,768 | 975 | 38.743 | 40.951 | |
| EXPENDITURE ON | |||||
| Raising funds | 2,074 | - | 2,074 | - | |
| Charitable activities | |||||
| Grantsto individual benefciaries forcharitable | |||||
| purposes | 187,973 | - | 187.973 | 80,692 | |
| Supportcosts | 9,933 | - | 9,933 | 30,978 | |
| Total | 199.980 | - | 199,980 | 111,670 | |
| NET INCOMEKEXPENDITURE) | (162.212) | 975 | (161,237) | (70,719) | |
| RECONCILIATIONOF FUNDS | |||||
| Totalfundsbrought forward | 715,918 | 5,269 | 721 .187 | 791,906 | |
| TOTAL FUNDS CARRIED FORWARD | 553.706 | 6.244 | 559,950 | 721,187 |
The notes form part[of] these[financial] statements
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THE HARRODIANSCHOOL CHARITABLE FUND
Balance Sheet
31 August 2021
| Balance Sheet 31 August 2021 |
|||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Unrestricted | Restricted | Total | Total | ||
| fund | funds | funds | funds | ||
| Notes | £ | £ | £ | :6 | |
| CURRENT ASSETS | |||||
| Debtors | 5 | 48,728 | - | 48.728 | 53,983 |
| Cash at bank | 504,978 | 6,244 | 511,222 | 667.204 | |
| 553.706 | 6.244 | 559,950 | 721,187 | ||
| NET CURRENT ASSETS | 553,706 | 6,244 | 559,950 | 721,187 | |
| TOTALASSETSLESS CURRENT | LIABILITIES | 553,706 | 6.244 | 559,950 | 721,187 |
| NETASSETS | 553:706 | 6.244 | 559!950 | 721,187 | |
| FUNDS | 6 | ||||
| Unrestricted funds | 553,706 | 715,918 | |||
| Restrictedfunds | 6.244 | 5,269 | |||
| TOTAL FUNDS | 559,950 | 721,187 |
The financial statements were approved by the Board of Trustees and authorised for issue on ..3A..§.52;N£..3’=9.3u2«........ and were signed on its behalf by:
C Newman MA LLM - Trustee + M
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[2021]
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][ Ireland][(FRS][102) (effective][1][January][2019)‘. Financial] Reporting Standard[102] The[Financial] Reporting[Standard] applicable[in][the][UK][ and][Republic][of][ireland'][and the] CharitiesAct 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] settlementand 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 exemptfrom tax on[its] charitable[activities.]
Fund accounting
Unrestricted fundscan be used[in] accordance[with] the[charitable] objectives[at the][ discretion][ofthe trustees.]
Restrictedfunds can only be used[for ] particular[restricted] purposes[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 natureand purpose ofeach[fund][is][included][in][ the notes][ to][ the][ financial][statements.]
OTHER TRADING ACTIVITIES
Fundraisingevents
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| 3,691 | - |
TRUSTEES'REMUNERATION[AND BENEFITS]
There were no trustees' remuneration or other[benefits][for][ the ] year[ended][31][August 2021][nor][ for][ the ] year[ended] 31 August 2020.
Trustees' expenses
There were no trustees' expenses paid[for] the year ended 31 August 2021 nor for the year ended 31 August 2020.
continued...
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THE HARRODIANSCHOOL CHARITABLE[FUND]
Notes to the Financial Statements - continued for the Year Ended[31] August 2021
| fort | heYear Ended 31 August 2021 | heYear Ended 31 August 2021 | ||
|---|---|---|---|---|
| 4. | COMPARATIVES FOR THE STATEMENT OF FINANCIALACTIVITIES | |||
| Unrestricted | Restricted | Total | ||
| fund | funds | funds | ||
| £ | £ | £ | ||
| INCOMEAND ENDOWMENTS FROM | ||||
| Donationsand legacies | 35,937 | 5,014 | 40,951 | |
| EXPENDITURE ON | ||||
| Charitable activities | ||||
| Grantsto individual benefciaries for charitable purposes |
76,226 | 4,466 | 80,692 | |
| Support costs | ||||
| 30,978 | - | 30,978 | ||
| Total | 107.204 | 4.466 | 1 1 1.670 | |
| NET INCOMEI(EXPENDITURE) | (71.267) | 548 | (70,719) | |
| RECONCILIATIONOF FUNDS | ||||
| Totalfundsbrought fonrvard | 787,185 | 4,721 | 791,906 | |
| TOTAL FUNDS CARRIED FORWARD | 715,918 | 5,269 | 721,187 | |
| 5. | DEBTORS: AMOUNTSFALLING DUE WITHIN ONEYEAR | |||
| 2021 | 2020 | |||
| £ | E | |||
| Other debtors | 32.900 | 31,875 | ||
| Prepayments and accruedincome | 15,828 | 22, 108 | ||
| 48.728 | 53.983 | |||
| 6. | MOVEMENTINFUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.9.20 | in funds | 31.8.21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| Generalfund | ||||
| 715,918 | (162,212) | 553,706 | ||
| Restrictedfunds | ||||
| RestrictedFunds for Other Charities | 5.269 | 975 | 6,244 | |
| TOTAL FUNDS | 721.187 | $161,237) | 559.950 |
continued...
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THE HARRODIANSCHOOL CHARITABLE FUND
Notes to the Financial Statements - continued forthe Year Ended[31] August 2021
MOVEMENT[IN] FUNDS - continued
Net movement in funds. included in the above are as follows:
| Netmovementinfunds. included inthe above are asfol | lows: | ||
|---|---|---|---|
| Incoming resources |
Resources expended |
Movement infunds |
|
| £ | .6 | ||
| Unrestricted funds | |||
| Generalfund | |||
| (199,980) | (162,212) | ||
| Restricted funds | |||
| RestrictedFundsfor Other Charities | 975 | ||
| TOTAL FUNDS | (199,980) | (161.237) | |
| Comparatives for movement in funds | |||
| Net | |||
| movement | At | ||
| At 1.9.19 | infunds | 31.8.20 | |
| 2 | £ | ||
| Unrestricted funds | |||
| Generalfund | |||
| 787,185 | (71.267) | 715.918 | |
| Restricted funds | |||
| RestrictedFundsfor Other Charities | 4,721 | 548 | 5.269 |
| TOTAL FUNDS | 791 .906 | (70,719) | 721,187 |
| Comparative netmovement in funds, included in the above areas follows: | |||
| incoming resources £ |
Resources expended £ |
Movement infunds 2 |
|
| Unrestricted funds | |||
| Generalfund | |||
| 35,937 | (107,204) | (71,267) | |
| Restricted funds | |||
| RestrictedFundsfor Other Charities | 5,014 | (4,466) | 548 |
| TOTAL FUNDS | 40,951 | (111,670) | (70,719) |
continued...
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THE HARRODIAN SCHOOL CHARITABLE FUND
Notes to the Financial Statements - continued for the Year Ended 31 August 2021
6. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Acurrent year 12 months andprioryear 12 months c | ombined position isasfollow | s: | |
|---|---|---|---|
| Net | |||
| movement | At | ||
| At 1.9.19 | infunds | 31.8.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| Generalfund | |||
| 787.185 | (233.479) | 553.706 | |
| Restrictedfunds | |||
| Restricted Fundsfor Other Charities | 4.721 | 1.523 | 6.244 |
| TOTAL FUNDS | 791.906 | 3231.956) | 559950 |
A current year 12 months and prior year 12 months combined net movement[in] funds. included[in][the] above are as[follows:]
| A current year 12 months and prioryear 12 months as follows: |
combined netmovement in f | unds. included in | the above a |
|---|---|---|---|
| Incoming resources £ |
Resources expended £ |
Movement infunds £ |
|
| Unrestricted funds | |||
| Generalfund | |||
| 73.705 | (307,184) | (233,479) | |
| Restrictedfunds | |||
| Restricted Fundsfor Other Charities | 5.989 | (4,466) | 1,523 |
| TOTAL FUNDS | 79,694 | 1311.650) | 1231.956) |
7. 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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