Charity Registration No. 1093894
NUFFIELD COUNTY PRIMARY SCHOOL TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Yshawgibbs

NUFFIELD COUNTY PRIMARY SCHOOL TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
A Dellor. Chair and Treasurer
J Barry. Co-secrelary
G Hardwick. Treasurer
S Van der Mark
S Veitch
L Hlllier. Co-secretary
S Foister
Charity number (England and Wales
1093894
Principal address
Berry House
Nuffield
Henley-on-Thames
Oxfordshire
RG9 SSS
Independenl examiner
Shaw Gibbs Limited
264 Banbury Road
Oxford
OX2 7DY
Oxford
OX2 7DY
CAF Bank
25 Kings Hlll Avenue
Kings Hill
West Maling
Kent
ME19 4JQ
Bankers
Investment advisors
Charles Stanley & Co Limited
2nd Floor
Willow Court
West Way
Minns Business Park
Oxford
OX2 OBJ

NUFFIELD COUNTY PRIMARY SCHOOL TRUST
CONTENTS
Page
Truslees, report
Independenl examiner's report
Statement of financial activities
Balance sheet
Notes to Ihe financial statements
7-13

NUFFIELD COUNTY PRIMARY SCHOOL TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Irustees present their annual report and financial statements for the year ended 31 March 2025.
The financial slatements have been prepared in accordance with the accounting policies set oul in nole 1 to the
financial statement5 and comply with the chartty's goveming document. the Charitie5 Act 2011. FRS 102 "The
Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP 'Accounting
and Reporting by Charities.. Stalemenl of Recommended Praclice applicable to charilies preparing their accounts in
accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)"
Objectives and activities
The objects of the charity are=
The provision of items, services and facilities for the County Primary Schools that are attended by the
children oflhe Parish as the trustees decide
Promoting the education (induding soryal and physical training) of persons under the age of ￿enty-fIVe
years resident in the Parish.
Public benefft
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the
charity should undertake.
Activities
The effect of the economic slowdown has continued to irnpact on the Trust during the past year. We have continued
to hold our meetings and have decided to impose stricter limits on grants for Primary School I Secondary School I
University students. to a maximum of £6.000 each tem.
Achievements and perfonnance
Significant activities and achievements against objectives
The Trust conlinues lo meet regularty lo assess the economic and poltlical climale and will adjust its investmenl
strategy and level of disbursements in order to protect the capital invested by the Trust. We have made sure that
priority is given to Primary School aged children, as the fvnd was originally set up with money from Ihe sale of the
Primary School. Grants have been awarded to individuals for a variety of extra-curricular activities including music,
dance, drama and sport. We have also been able to award grants lo help with Universty costs for several of our
local youngslers. This has fulfilled our objeclive of promoting the educalion (including social and physical Iraining)
of persons under the age of 25.
Grantrymaking policy
Decisions as to whelher a grant should be made and, if so, how much Ihat grant should be, are taken by those
Truslees present at each meeting and are based on a majority decision.

NUFFIELD COUNTY PRIMARY SCHOOL TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Financial review
Investment funds
The Charity has investments in separate accounts.
Low risk account- this account aims to take a low risk and produce a desired level of income but not
necessarily invest for growth. The funds in this account reflecl the amount under investment when the
Trust was first set up, thereby protecting this original capital investment during financial turbulen
Medium risk account.. this account aims to take a rnedium low risk for potentially improved returns from
investments. The ￿ndS in this account reflect the income generated since the Trust was originally set up,
Ihereby enabling ongoing growlh but not impacting the original capital investmenl.
Investments seleclion policy
We continued to use the services of a stockbroker frorn Charles Stanley to help us get the best return for our money
and a progress report on the state of our funds will be induded in our Treasurerfs report.
We will. as previously agreed. continue to monitor our Fund growth with Charles Stanley to ensure that it is meeting
our requirements.
Plans for the future
We look forward to the coming year and the challenges that face the Trusl in continuing to increase awareness of
the Trust's existence and offering financial assistance to more of our local youngsters.
Reserves policy
The Trusl originally received a sum of £595,760, being the proceeds from the sale of part of the land formedy
belonging to Nuffield Country Primary School. The aim of the Trust is to preserve the original amount of the capital
and, where possible, to set aside a sum sufficient to allow for annual inflation. Expenditure from this sum would be
al the discrelion of the Truslees.
The unrestricted reserves currentty stand at £174,413 (2024= £160,942).
The restricted reserves {endowment fund) currently stand at £595.76012024'. £595.760).
Structure. governance and management
The Nuffield County Primary School Trust is an unincorporated charity, constituted under a trust deed dated 16
August 2001 and is a regislered charity number 1093894. registered in England and Wales.
The Iruslees who seNed during the year and up to Ihe date of signature of the financial statemenls were..
A Dellor, Chair and Treasurer
J Barry, Co-secretary
G Hardwick. Treasurer
S Van der Mark
S Veitch
L Hlllier, Co-secrelary
S Foister
Recruitment and appointment of tnistees
New Trustees need to be nominated by another Trustee, then seconded by another Trustee.

NUFFIELD COUNTY PRIMARY SCHOOL TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
The trustees, report was approved by the Board of Trustees.
A Dellor, Chair and Treasurer
Trustee
26 Jan 2026
Date..

NUFFIELD COUNTY PRIMARY SCHOOL TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF NUFFIELD COUNTY PRIMARY SCHOOL TRUST
I report lo Ihe trustees on my examination of the financial statements of Nuffield County Primary School Trust {the
charity) for the year ended 31 March 2025.
Responsibilities and basis of report
As the Iruslees of the charity you are responsible for the preparation of the financial statemenls in accordance with
the requirements of Ihe Charities Act 2011.
I reporl in respect of my examination of Ihe charity's financial statements carried oul under seclion 145 of the
Charities Act 2011. In carying out my examination I have followed the Directions given by the Charity Commission
under section 145(5)Ibl of the Charities Act 2011.
Independent examinerfs statement
Your attention is drawn to Ihe fact that the charity has prepared the financial statemenls in accordance with the
relevant version of the Statement of Recommended Practice applicable to charities preparing their financial
statemenls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS
1021 in preference to the Accounting and Reporting by ChaTities= Statement of Recommended practi￿ issued on 1
April 2005 which is referred to in the extant regulations but has now been withdrawn. l understsnd that this has
been done in order for Ihe finanaal statements to provide a true and fair view in accordance wilh UK Generally
Accepted Accounting Practice.
I have completed my examination. I confiTh that no matters have come to my attention in connection with the
examinalion giving me cause lo believe that in any material respect=
accounting records were not kept in respect of the chanty as required by section 130 of the Charities Act 2011.
Ihe financial statemenls do not accord wf(h those records., or
the financial statements do not compty with the applicable requirements conceming the form and content of
financial stalements set out in the Charities (Accounls and Reports) Regulations 2008 other than any
requiremenl Ihal the financial statemenls give a true and fair view. which is not a matter considered as part of
an independent examination.
I have no concems and have come across no other matters in connection Trmth the examination to which attention
should be drawn in this report in order to enable a proper understanding of the financial slatemenls to be reached.
-L P_,-l.
Samantha Daniels FCA
For and on behalf of
Shaw Gibbs Limited
264 Banbury Road
Oxford
OX2 7DY
Date..
27 Jan 2026

NUFFIELD COUNTY PRIMARY SCHOOL TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted End0￿￿ent
funds
funds
2025
2025
Total Unrestricted Endovnnent
funds
funds
2024
2024
Total
2025
2024
Notes
Income and endowments from:
Investments
Other income
12,045
30
17,435
29,480
30
28,152
30
28,152
30
Total income and
endowments
12,075
17,435
29,510
28,182
28,182
Expendilure on-
Raising funds
Charilable activilies
6,557
6,557
20,215
6,273
6,273
14,974
20,215
14,974
Total expenditure
20,215
6,557
26.772
14,974
6,273
21,247
Net gainslllosses) on
inveslments
10
41,398
{17,322)
24,076
127,108)
{27,108)
Net incomel{expenditure)
33,258
(6,444)
26,814
13,208
133,381)
{20,173)
Transfers between
funds
(6,444)
(33,381)
33,381
Net movement in
funds
26,814
26,814
{20,173)
{20,173)
Reconciliation of funds:
Fund balances at 1 April 2024
160,942
595,760
756,702
181.115
595,760
776,875
Fund balances at 31 March
2025
187,756
595,760
783,516
160,942
595,760
756,702
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.

NUFFIELD COUNTY PRIMARY SCHOOL TRUST
BALANCE SHEET
ASAT31 MARCH 2025
2025
2024
Notes
Fixed assets
Investments
12
779,040
737,960
Current assets
Cash at bank and in hand
7,116
18,742
Creditors: amounts falling due within
one year
13
(2.6401
Net current assets
4,476
18,742
Total assets less current liabilities
783,516
756,702
The funds of the charity
Endowment funds
Unrestricted funds
14
15
595,760
187,756
595,760
160,942
783,516
756,702
26 Jan 2026
The financial statements were approved by the trustees on
A Dellor, Chair and Treasurer
Trustee

NUFFIELD COUNTY PRIMARY SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
Charity infonnation
Nuffield County Primary School Trust is an unincorporated charity, constituted under a trust deed dated 16
August 2001 and is a registered charity number 1093894, registered in England and Wales.
1.1 Basis of preparation
The financial slatemenls have been prepa￿d in accordance with the charity's goveming document, the
Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"
and the Charities SORP "Accounling 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 IFRS 102)" The charity is a Public Benefit Entity as defined by
FRS 102.
The charity has tsken advantsge of the provisions in the SORP for charities nol to prepare a slatement of
cash flows.
The financial slatements have departed from Ihe Charilies (Accounts and Reports) Regulations 2008 only to
the extent required to provide a true and fair view. This departure has involved following the Statement of
Recommended Practice for charities applying FRS 102 rather than the version of the Slatement of
Recommended Practice which is referred to in the Regulations but which has Sin￿ been withdrawn.
The financial statements are prepared in sterling, vthich is the functional cU￿encY of the charity- Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting
policies adopled are sel out below.
1.2 Going ¢on¢ern
The Trustees are continually reviewng their plans and forecasts and believe that the going concern basis is
appropriale in the short temi. In response to the current economic climate the Trustees reduced grants lo a
limit of £100 per application per child and £1.500 per applicalion per University-aged child in order to protect
the Charity's funds.
The Charity has sufficient funds to cover any comrnitted costs for at least 12 months frorn the approval of the
financial statements. On this basis the Trustees have concluded that there is not deemed to be a material
uncertainty on the Charity's ability to continue as a going concem.
1.3 Charilable funds
Unreslricled funds are available for use at the discretion of the trustees in furtherance of their charitable
objeclives.
The endowment fund represents those assets that must be held pemianentty by the charity, principally
investments. Income arising on the endowment fund can be used in accordance with the objects of the
charity and is included as unrestricted income.
1.4 Income
Income is recognised when the charity is legally enttlled to it after any perfom)ance conditions have been mel,
the amounts can be measured reliabty, and it is probable that income will be received.
Inveslment income is accounted for in the period in which il becomes due.

NUFFIELD COUNTY PRIMARY SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or conslruclive obligation lo transfer economic benefil lo a
third paty, 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 classified by activity- The costs of each activty are made up of the total of direct costs and
shared costs, including support costs involved in undertaking each activity.
Grants payable are charged when agreed.
1.6 Fixed asset investments
Fixed asset investments are initialty measured at transaction price excluding transaction costs, and are
subsequently measured al fair value at each reporting date. Changes in fair value are recognised in nel
incomellexpenditure) for the year. Transaction costs are expensed as incurred.
1.7 Cash and cash equivalents
Cash and cash equivalents indude cash in hand, deposits held at call with banks. other short-temi liquid
inveslments with original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
Basic financial assets
Basic financial assets, which include cash and bank balances. are initially measured at transaction price
including transaclion costs and are subsequentty carried al amortised cost using the effective interest melhod
unless the arrangement constitutes a financing transaction, where the transaction is measured at the present
value of the fulure receipls discounted at a market rate of interest. Financial assets classified as receivable
within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors are inrtialty recognised at transaction price unless the
arrangement constilutes a financing iransaclion, where the debl instrument is measured at the present value
of the future payments discounted at a market rate of interest. Financial liabililies classified as payable within
one year are nol amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operalions from suppliers. Amounts payable are dassified as currenl liabilities if payment is due within one
year or less. If not. they are presented as non-current liabilities. Trade credttors are recognised initially at
transaction price and subsequentty measured at amortised cost using the effective interest melhod.
Derecognition of financial liabilities
Financial liabiltties are derecognised when the chartty's contractual obligations expire or are discharged or
cancelled.

NUFFIELD COUNTY PRIMARY SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Income from investments
Unrestricted Endowment
funds
funds
2025
2025
Total Unrestricted Endowment
funds
funds
2024
2024
Totsl
2025
2024
Income from listed
investments
Interesl receivable
11,978
67
17,231
204
29,209
271
28,063
89
28,063
89
12,045
17,435
29,480
28,152
28,152
Other income
Unrestricted Unrestricted
funds
funds
2025
2024
Other income
30
30
Expenditure on raising funds
Endowment Endowment
funds
funds
2025
2024
Investment management
6,557
6,273

NUFFIELD COUNTY PRIMARY SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Expenditure on charitable activities
Grant giving Grant giving
2025
2024
Direct costs
Bank charges
Other small expenditure
62
120
59
182
59
Grant funding of activitieslsee note 6)
11,219
12,755
Share of support and governance costs (see note 7)
Governance
8,814
2,160
20,215
14,974
Analysis by fund
Unreslricted funds
20,215
14,974
Grants payable
Grant giving Grant giving
2025
2024
Grants to individuals
11,219
12,755
Grants paid are to provide assistance with an individual's education.
Support costs allocated to activities
2025
2024
Governance costs
8.814
2,160
Analysed between:
Grant giving
8,814
2,160
Net movement in funds
2025
2024
The net movement in funds is ststed after chargingl{crediting)=
Fees payable for the independent examination of the charity's financial
statements
4.980
1,200
10-

NUFFIELD COUNTY PRIMARY SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Trustees
None of the trustees (or any persons connected wilh them) received any remuneralion or benefits from the
charity during the year.
10 Gains and losses on inveslments
Unrestricted Endowment
funds
funds
2025
2025
Total Unrestricted Endowment
funds
funds
2024
2024
Total
2025
2024
Gainsl(lossesl arising on..
Revaluation of
investments
Sale of investments
31,361
10,037
(18,830)
1,508
12,531
11,545
127,1081
{27,108)
41,398
117,322)
24,076
127,108)
{27,108)
11 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
12 Fixed asset investrnents
Listed
investments
Cost or valuation
At 1 April 2024
Additions
Valuation changes
Disposals
737,960
103,615
13,343
{75,878)
At 31 March 2025
779,040
Carrying amount
At 31 March 2025
779,040
At 31 March 2024
737,960
13 Creditors: amounts falling due within one year
2025
2024
Accruals and deferred income
2,640
11

NUFFIELD COUNTY PRIMARY SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
14 Endowment funds
Endowment funds represent assets which must be held pemanenlty by the charity. Income arising on the
endowment funds can be used in accordan￿ wtth the objects of the charity and is included as unrestricted
income. Any capital gains or losses arising on the assets fomi part of the fund.
At 1 April
2024
Incoming
resources
Resources
expended
Transfers
Gains and At 31 March
losses
2025
Pernianent endowments
595,760
17,435
{6,557)
{17,3221
595,760
Previous year-
At 1 April
2023
Incoming
resources
Resources
expended
Transfers
Gains and At 31 March
losses
2024
Pennanent endowments
595,760
{6.2731
33,381
(27.1081
595,760
15 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balan￿S of donations and grants which are
not subjecl to spectfic conditions by donors and grantors as lo how Ihey may be used. These include
designated funds which have been set aside out of unrestricted fijnds by the trustees for specific purposes.
At 1 April
2024
Incorning
resources
Resources
expended
Trdnsfers
Gains and At 31 March
losses
2025
General funds
160.942
12,075
(20.2151
(6,444)
41.398
187,756
Previous year:
At 1 April
2023
Incoming
resources
Resources
expended
Transfers
Gains and At 31 March
losses
2024
General funds
181,115
28,182
{14,9741
(33,381)
160,942
16 Analysis of net assets between funds
Unrestricted Endowment
funds
funds
2025
2025
Total
2025
At 31 March 2025:
Investmenls
Current assetsllliabilities}
183,280
4,476
595.760
779,040
4,476
187,756
595.760
783,516
12-

NUFFIELD COUNTY PRIMARY SCHOOL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
16 Analysis of net assets between funds
(Continued)
Unrestricted Endowment
funds
funds
2024
2024
Total
2024
At 31 March 2024:
Investmenls
Current assetsllliabilities}
142,200
18,742
595,760
737,960
18,742
160,942
595.760
756,702
17 Related party transactions
There were no disclosable related party transactions during the year (2024 - none).
13-