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 

Page 

Report ofthe Trustees Independent[Examiner's] Report Statement of Financial Activities Balance Sheet Notes to the Financlal Statements 

> 1 to 2 3 4 5 6 to 9 



## 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: 

1. accountingrecordswere[not] kept[in] respect[ofthe][ Trust] as[required][by section][130 of the][Act;][ or] 

2. the accounts do not accord with those records;or 

- 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<br>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<br>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<br>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<br>resources|Resources<br>expended|Movement<br>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<br>resources<br>£|Resources<br>expended<br>£|Movement<br>infunds<br>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 <br>as follows:|combined netmovement in f|unds. included in|the above a|
|---|---|---|---|
||Incoming<br>resources<br>£|Resources<br>expended<br>£|Movement<br>infunds<br>£|
|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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