REGISTERED CHARITY NUMBER: 1090899
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 August 2022
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 2022
Report[of ] the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements Detailed Statement of Financial Activities
Page 1 to 2 3 4 5 6 to 10 11
THE HARRODIAN SCHOOL CHARITABLE FUND
Report[of] the Trustees for the Year Ended 31 August 2022
The trustees present their report with the financial statements of the charity for the year ended 31 August 2022. 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).
OBJECTIVESAND 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's fees.
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 support and 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‘sgeneral 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 supportingcurrent families with short-term financial difficulties.
ACHIEVEMENT AND PERFORMANCE
Fundraising[activities]
Fundraising[this] year has focused on the following:
Communicatingwith all parents to inform them of the Bursary fund and 'how to donate' information.
Targeting specific parents, who have expressed an interest in donation.
Encouragingthe 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.
The creation of fundraising events, which have included the 30th Anniversary Ball in May 2022, attended by 500 parents and[staff.]
FINANCIAL REVIEW
Reserves policy
The trustees aim to maintain a minimum reserve of £25,000.
FUTURE PLANS
With ongoing fundraising opportunitiesand 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 unincorporated charity.
Recruitmentand 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 ofthe Trustees forthe Year Ended[31] August 2022
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. Wetherefore[do][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 ADMINISTRATIVE DETAILS
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 Parmley 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 IQ/é/ZOQB ......[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][HarrodianSchool][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 2022.
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').
I 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
I have completed my examination. I 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:
-
accounting[records] were[not] kept[in] respect[of] the[ Trust] as required[by][Section][130][of][ the][ Act;][or]
-
the accounts do not accord with those records; or
-
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.
Lino Perdoni FCA
Hill Wooidridge 8. Co. 107 Hindes Road Harrow Middlesex
HA1 1RU
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THE HARRODIAN SCHOOL CHARITABLE FUND
Statement of Financial Activities for the Year Ended 31 August 2022
| Statement ofFinancial Activities for theYear Ended 31 August2022 |
||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Unrestricted | Restricted | Total | Total | |
| fund | funds | funds | funds | |
| Notes | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies | 13,379 | 10,106 | 23,485 | 35, 052 |
| Other tradingactivities | 123,008 | 123,008 | 3,691 | |
| Total | 136,387 | 10,106 | 146,493 | M |
| EXPENDITURE ON | ||||
| Raising funds | 83,667 | 83,667 | 2,074 | |
| Charitable activities | ||||
| Grants to individual benefciariesforcharitable | ||||
| purposes Donationspaid to charitable and otherinstitutions |
215,954 | 215,954 | 187,973 | |
| 11,911 | 11,911 | |||
| Support costs | 9,933 | |||
| Total | 299,621 | 11,911 | 311,532 | 199, 980 |
| NET INCOME/(EXPENDITURE) | (163,234) | (1,805) | (165,039) | (161,237) |
| RECONCILIATION OF FUNDS | ||||
| Total funds broughtforward | 553,706 | 6,244 | 559,950 | 721,187 |
| TOTAL FUNDS CARRIED FORWARD | 390,472 | 4,439 | 394,911 | 559, 950 |
The notes form part of these financial statements
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THE HARRODIAN SCHOOL CHARITABLE FUND
Balance Sheet
31 August 2022
| Balance Sheet 31 August2022 |
|||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Unrestricted | Restricted | Total | Total | ||
| fund | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| CURRENTASSETS | |||||
| Debtors | 5 | 18.187 | - | 18.187 | 48. 728 |
| Cash at bank | 406.439 | 4.439 | 410.878 | 511,222 | |
| 424.626 | 4.439 | 429,065 | 559,950 | ||
| CREDITORS | |||||
| Amounts fallingduewithin one year | 6 | (34,154) | — | (34.154) | - |
| NET CURRENT ASSETS | 390,472 | 4.439 | 394.911 | 559,950 | |
| TOTALASSETSLESS CURRENT | LIABILITIES | 390.472 | 4.439 | 394.911 | 559,950 |
| NETASSETS | 390.472 | 4,439 | 394.911 | 559!950 | |
| FUNDS | 7 | ||||
| Unrestricted funds | 390.472 | 553.706 | |||
| Restrictedfunds | 4.439 | 6.244 | |||
| TOTAL FUNDS | 394.911 | 559.950 |
The fin cial statements were approved by the Board of Trustees and authorised for issue on .....(.....q --6-6/-W-~[and][were signed][ on][its][ behalf][by:]
CnNewman 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 2022
1. ACCOUNTING POLICIES
Basis of preparingthe 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] Charities Act 201 1. 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] probable that 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
Unrestrictedfunds can be used in accordance with the charitable objectives at the discretion[of] the trustees.
Restricted funds can only be used for particularrestricted 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 nature and purpose of each fund is[included][in] the notes[to] the[ financial] statements.
OTHER TRADING ACTIVITIES
Fundraising events
| 2022 | 2021 |
|---|---|
| £ | £ |
| 123,008 | 3,691 |
TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended[31] August 2022 nor[for] the year[ended] 31 August 2021.
Trustees' expenses
There were no trustees’ expenses paid for the year ended 31 August 2022 nor for the year ended 31 August 2021.
continued...
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THE HARRODIAN SCHOOL CHARITABLE FUND
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
| for t | heYear Ended 31 August2022 | heYear Ended 31 August2022 | ||
|---|---|---|---|---|
| 4. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |||
| Unrestricted | Restricted | Total | ||
| fund | funds | funds | ||
| £ | 2 | £ | ||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies | 34,077 | 975 | 35,052 | |
| Other tradingactivities | 3,691 | 3,691 | ||
| Total | 37,768 | 975 | 38,743 | |
| EXPENDITURE 0N | ||||
| Raisingfunds | 2,074 | 2,074 | ||
| Charitable activities | ||||
| Grantsto individual benefciariesforcharitable | ||||
| purposes | 187,973 | 187,973 | ||
| Support costs | ||||
| 9,933 | 9,933 | |||
| Total | 199,980 | 199,980 | ||
| NET INCOME/(EXPENDITURE) | (162,212) | 975 | (161,237) | |
| RECONCILIATION OF FUNDS | ||||
| Total funds broughtforward | 715,918 | 5,269 | 721,187 | |
| TOTAL FUNDS CARRIED FORWARD | 553,706 | 6,244 | 559,950 | |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2022 | 2021 | |||
| Other debtors | 32, 900 | |||
| Prepayments and accrued income | 15,828 | |||
| 48, 728 | ||||
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2022 | 2021 | |||
| Other creditors | 34,154 | |||
| 34,154 |
continued...
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THE HARRODIAN SCHOOL CHARITABLE FUND
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
7. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | |||
|---|---|---|---|
| Net | |||
| movement | At | ||
| At 1.9.21 | infunds | 31.8.22 | |
| £ | £ | £ | |
| Unrestrictedfunds | |||
| Generalfund | |||
| 553,706 | (163,234) | 390,472 | |
| Restricted funds | |||
| Restricted Funds forOther Charities | 6,244 | (1,805) | 4,439 |
| TOTAL FUNDS | 559,950 | (165,039) | 394,911 |
| Net movement infunds,included inthe above areasfollows: | |||
| Incoming | Resources | Movement | |
| resources | expended | infunds | |
| £ | £ | £ | |
| Unrestrictedfunds | |||
| Generalfund | |||
| 136,387 | (299,621) | (163,234) | |
| Restricted funds | |||
| Restricted FundsforOther Charities | 10,106 | (11,911) | (1,805) |
| TOTAL FUNDS | 146,493 | (311,532) | (165,039) |
| Comparativesfor movement in funds | |||
| Net | |||
| movement | At | ||
| At 1.9.20 | infunds | 31.8.21 | |
| £ | £ | £ | |
| Unrestrictedfunds | |||
| Generalfund | |||
| 715,918 | (162,212) | 553,706 | |
| Restrictedfunds | |||
| Restricted FundsforOther Charities | 5,269 | 975 | 6,244 |
| TOTAL FUNDS | 721,187 | (161,237) | 559,950 |
continued...
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THE HARRODIAN SCHOOL CHARITABLE FUND
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
7. MOVEMENT IN FUNDS - continued
Comparative net movement[in] funds,[included][in] the above are as[follows:]
| Comparative net movement in funds, included in th | e above areas follows: | ||
|---|---|---|---|
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| Generalfund | |||
| 37,768 | (199,980) | (162,212) | |
| Restrictedfunds | |||
| Restricted FundsforOther Charities | 975 | - | 975 |
| TOTAL FUNDS | 38,743 | (199,980) | (161,237) |
| A current year 12 months and prioryear 12months combinedposition isasfollows: | |||
| Net | |||
| movement | At | ||
| At 1.9.20 | infunds | 31.8.22 | |
| 2 | £ | £ | |
| Unrestricted funds | |||
| Generalfund | |||
| 715,918 | (325,446) | 390,472 | |
| Restrictedfunds | |||
| Restricted FundsforOther Charities | 5,269 | (830) | 4,439 |
| TOTAL FUNDS | 721,187 | (326,276) | 394,911 |
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 net movement in f | unds, includedi | n the above ar |
|---|---|---|---|
| incoming | Resources | Movement | |
| resources | expended | infunds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| Generalfund | |||
| 174,155 | (499,601) | (325,446) | |
| Restrictedfunds | |||
| Restricted FundsforOther Charities | 11,081 | (11,911) | (830) |
| TOTAL FUNDS | 185,236 | (511,512) | (326,276) |
continued...
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THE HARRODIAN SCHOOL CHARITABLE FUND
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2022.
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THE HARRODIAN SCHOOL CHARITABLE FUND
Detailed Statement of Financial Activities for the Year Ended 31 August 2022
| Detailed Statement ofFinancial Activities for theYear Ended 31 August2022 |
||
|---|---|---|
| 2022 | 202 1 | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 44,885 | 34,027 |
| Gift aid | (21,400) | 1,025 |
| 23,485 | 35, 052 | |
| Othertradingactivities | ||
| Fundraisingevents | 123,008 | 3,691 |
| Total incoming resources | 146,493 | 38, 743 |
| EXPENDITURE | ||
| Othertradingactivities Costs offundraising |
83,667 | 2,074 |
| Charitable activities | ||
| Administration services | 25,000 | |
| IT costs | 7,121 | 5,880 |
| Grantsto institutions | 11,911 | |
| Grantsto individuals | 208,833 | 167,026 |
| 227,865 | 197, 906 | |
| Total resources expended | 311,532 | 199, 980 |
| Net expenditure | (165,039) | (161,237) |
This page does not form part of the statutory financial statements
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