**REGISTERED CHARITY NUMBER: 1090899**
## **Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 31 August 2023**
## **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 2023**
||**Page**|
|---|---|
|**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 9|
## **THE HARRODIAN SCHOOL CHARITABLE FUND**
## **Report of the Trustees for the Year Ended 31 August 2023**
The trustees present their report with the financial statements of the charity for the year ended 31 August 2023. 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).
## **OBJECTIVES 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'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 benefit**
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.
## **ACHIEVEMENT AND 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.
## **FINANCIAL REVIEW**
## **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 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.
Page 1
## **THE HARRODIAN SCHOOL CHARITABLE FUND**
## **Report of the Trustees for the Year Ended 31 August 2023**
## **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 therefore 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 9QN
## **Trustees**
T A Houstoun-Boswall A G Moore C Newman MA LLM J C Gough MA Dip Ed Dr A Parmley PhD MusM HonFGS A Rivers
## **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 26 June 2024 and signed on its behalf by:
Page 2
## **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 2023.
## **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:
1. accounting records were not kept in respect of the 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 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 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
Date: 26 June 2024
Page 3
## **THE HARRODIAN SCHOOL CHARITABLE FUND**
## **Statement of Financial Activities for the Year Ended 31 August 2023**
|Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
21,773
Other trading activities
2
-
**Total**
21,773
**EXPENDITURE ON**
Raising funds
3,930
**Charitable activities**
Grants to individual beneficiaries for charitable
purposes
256,920
Donations paid to charitable and other institutions
-
**Total**
260,850
**NET INCOME/(EXPENDITURE)**
(239,077)
**RECONCILIATION OF FUNDS**
Total funds brought forward
390,472
**TOTAL FUNDS CARRIED FORWARD**
151,395|Restricted
funds
£
3,345
-
3,345
-
-
-
-
3,345
4,439
7,784|2023
Total
funds
£
25,118
-
25,118
3,930
256,920
-
260,850
(235,732)
394,911
159,179|_2022_
_Total_
_funds_
_£_
_23,485_
_123,008_
_146,493_
_83,667_
_215,954_
_11,911_
_311,532_
_(165,039)_
_559,950_
_394,911_|
|---|---|---|---|
The notes form part of these financial statements
Page 4
## **THE HARRODIAN SCHOOL CHARITABLE FUND**
## **Balance Sheet**
## **31 August 2023**
|**Balance Sheet**
**31 August 2023**|||||||
|---|---|---|---|---|---|---|
||||||2023|_2022_|
|||Unrestricted|Restricted||Total|_Total_|
|||fund|funds|funds|funds|_funds_|
||Notes|£|£||£|_£_|
|**CURRENT ASSETS**|||||||
|Debtors|5|16,710||-|16,710|_18,187_|
|Cash at bank||135,653|7,784||143,437|_410,878_|
|||152,363|7,784||160,147|_429,065_|
|**CREDITORS**|||||||
|Amounts falling due within one year|Amounts falling due within one year
6|(968)||-|(968)|_(34,154)_|
|**NET CURRENT ASSETS**||151,395|7,784||159,179|_394,911_|
|**TOTAL ASSETS LESS CURRENT LIABILITIES**|**TOTAL ASSETS LESS CURRENT LIABILITIES**|151,395|7,784||159,179|_394,911_|
|**NET ASSETS**||151,395|7,784||159,179|_394,911_|
|**FUNDS**|7||||||
|Unrestricted funds|||||151,395|390,472|
|Restricted funds|||||7,784|4,439|
|**TOTAL FUNDS**|||||159,179|394,911|
The financial statements were approved by the Board of Trustees and authorised for issue on 26 June 2024 and were signed on its behalf by:
**----- Start of picture text -----**
C Newman MA LLM - Trustee C Newman MA LLM - Trustee
**----- End of picture text -----**
The notes form part of these financial statements
Page 5
**THE HARRODIAN SCHOOL CHARITABLE FUND**
## **Notes to the Financial Statements for the Year Ended 31 August 2023**
## **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 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 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**
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 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 nature and purpose of each fund is included in the notes to the financial statements.
## **2. OTHER TRADING ACTIVITIES**
|Fundraising events|2023
£
-|_2022_
_£_
_123,008_|
|---|---|---|
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 August 2023 nor for the year ended 31 August 2022.
## **Trustees' expenses**
There were no trustees’ expenses paid for the year ended 31 August 2023 nor for the year ended 31 August 2022.
Page 6
continued...
## **THE HARRODIAN SCHOOL CHARITABLE FUND**
## **Notes to the Financial Statements - continued for the Year Ended 31 August 2023**
|**4.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
13,379
Other trading activities
123,008
**Total**
136,387
**EXPENDITURE ON**
Raising funds
83,667
**Charitable activities**
Grants to individual beneficiaries for charitable
purposes
215,954
Donations paid to charitable and other
institutions
-
**Total**
299,621
**NET INCOME/(EXPENDITURE)**
(163,234)
**RECONCILIATION OF FUNDS**
Total funds brought forward
553,706
**TOTAL FUNDS CARRIED FORWARD**
390,472
**5.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
Prepayments and accrued income
**6.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**7.**
**MOVEMENT IN FUNDS**
At 1.9.22
£
**Unrestricted funds**
General fund
390,472
**Restricted funds**
Restricted Funds for Other Charities
4,439
**TOTAL FUNDS**
394,911|Restricted
funds
£
10,106
-
10,106
-
-
11,911
11,911
(1,805)
6,244
4,439
2023
£
11,500
5,210
16,710
2023
£
968
Net
movement
in funds
£
(239,077)
3,345
(235,732)|Total
funds
£
23,485
123,008
146,493
83,667
215,954
11,911
311,532
(165,039)
559,950
394,911
_2022_
_£_
_11,500_
_6,687_
_18,187_
_2022_
_£_
_34,154_
At
31.8.23
£
151,395
7,784
159,179|
|---|---|---|
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continued...
**THE HARRODIAN SCHOOL CHARITABLE FUND**
## **Notes to the Financial Statements - continued for the Year Ended 31 August 2023**
## **7. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|Incoming
resources
£
**Unrestricted funds**
General fund
21,773
**Restricted funds**
Restricted Funds for Other Charities
3,345
**TOTAL FUNDS**
25,118
**Comparatives for movement in funds**
At 1.9.21
£
**Unrestricted funds**
General fund
553,706
**Restricted funds**
Restricted Funds for Other Charities
6,244
**TOTAL FUNDS**
559,950
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
136,387
**Restricted funds**
Restricted Funds for Other Charities
10,106
**TOTAL FUNDS**
146,493|Resources
Movement
expended
in funds
£
£
(260,850)
(239,077)
-
3,345
(260,850)
(235,732)
Net
movement
At
in funds
31.8.22
£
£
(163,234)
390,472
(1,805)
4,439
(165,039)
394,911
Resources
Movement
expended
in funds
£
£
(299,621)
(163,234)
(11,911)
(1,805)
(311,532)
(165,039)|
|---|---|
Page 8
continued...
## **THE HARRODIAN SCHOOL CHARITABLE FUND**
## **Notes to the Financial Statements - continued for the Year Ended 31 August 2023**
## **7. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Restricted Funds for Other Charities
**TOTAL FUNDS**|At 1.9.21
£
553,706
6,244
559,950|Net
movement
in funds
£
(402,311)
1,540
(400,771)|At
31.8.23
£
151,395
7,784
159,179|
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Restricted Funds for Other Charities
**TOTAL FUNDS**|Incoming
resources
£
158,160
13,451
171,611|Resources
Movement
expended
in funds
£
£
(560,471)
(402,311)
(11,911)
1,540
(572,382)
(400,771)|
|---|---|---|
## **8. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 August 2023.
Page 9