Registered Charity Number 1095238
Hackney Free and Parochial Schools Educational Trust
Annual Report and Financial Statements
For the year ended 5 April 2024
Unaudited

Hackne
Free and Parochial Schools
Educational Trust
Contents
Page
Trust Information
Report of the Trustees
Statement of Trustee5' Responsibiltties
Report of the Independent Examiner
Statement of Financial Activities
io
Balance Sheet
li
Accounting Policies
12-15
Notes to the Financial Statements
16-19

Hackne
Free and Parochial Schools
Educational Trust
Trust Information for Year Ended 5 A
ril 2024
Trustees.
S Hase
Reverend M Nelson- Chair- Retired 31.07.24
C Reeves Retired 31.07.24
J Driver- appointed Chair 31.07.24
P Lorimer- appointed 08.11.23
D Horder- retired 07.06.23
L Horder- retired 07.06.23
P HaNey- retired 01.05.23
Reverend A Gordon- appointed 31.07.24
Principal Office and Administration;
The Trust Partnership {Foundations) Ltd
6 Trull Farm Buildings
Tetbury
Gloucestershire
GL8 8SQ
Bankers.
Barclays Bank plc
I Churchill Place
London E14 5HP
Independent Examiner;
Dunkley's
Woodlands Grange
Woodlands
Bradley Stoke
Bristol
BS32 4JY
Solicitors;
Farrer & Co
66 Lincoln's Inn Fields
London SW2A 3LH
Investment Managers"
CCLA Investment Management Ltd
80 Cheapside
London EC2V 6DZ
M&G Securities Ltd
Victoria Road
Chelmsford CM99 2XF

Hackne
Free and Parochial Schools
Educational Trust
Re
ort of the Trustee5 for Year Ended 5 A ril 2024
The trustees present their Report and Financial Statements for the year ended 5 April 2024.
Introduction
The Hackney Free and Parochial Schools Educational Trust (the Trust) was registered with the Charity
Commission on 12 November 2002. number 1095238. The Hackney Free and Parochial Schools
comprise The Urswick School Iformerly Hackney Free and Parochial Secondary School) at Paragon
Road, Hackney E9 6NR and St John and St James Primary School at Isabella Road, Hackney E9 6DX.
Prior to the registration of the Trust, the Hackney Free and Parochial Schools Reconstruction Fund,
which was governed by a 1905 Board of Education Scheme with funds derived largely from a public
appeal for donations made in 1937. refurbished and rectified faults with the fabric of the Rams
Episcopal Primary School (now known as St John and St James Primary School), and offset the
maintenance costs of the schools. In the early 1991Ys, two rnajor projects were carried out, the first to
move the split site Hackney Free and Parochial Secondary School onto one site and the second to carry
out development work at the Rams Episcopal Primary School. Since this time and until the registration
of the Trust, the fund made contributions towards the maintenance costs both of both the Hackney
Free and St John and St James, schools.
Structure. Governance and Management
Recruitment and appointment of new trustees
The charity has four trustees, who meet twice a year. The Trustee5 reviewed some aspects of their
Governing Scheme in December 2022 and have formally made a re501ution to permit meetings and
decision-making by electronic means.
The identification of potential newtrustees is carried out bythe Board, the aim being to appoint those
with the appropriate expertise and experience forthe charity's work. The appointment of Miss Driver
in February 2023. was influenced by her financial background. to replace D Horder's expertise in
advance of his retirement in June 2023. She has recently been appointed as Chair, following the
retirement of Rev Ne150n, who had been the nominee of the Rector of Hackney forthe ex-off icio role.
Rev Gordon has returned to the Trust asthe ex-officio trustee. The London Diocesan Board forschools
have unfortunately been unable to nominate a replacement for Mrs Harvey. although the Trust is in
regular communication with them to work together to find a solution. The Trustees are also
considering prospective trustee to fill the other vacant positions.
On agreeing to become a trustee of the charity, they are thoroughly briefed by their co-trustees on
the history of the trust, the day-to-day management, the responsibilities of the trustees, the current
objectives and future plans. The trustees are also encouraged to attend any courses.
Key Management Personnel
The trustees consider that they, and the secretary to the trustees. comprise the key management
of the charity in charge of directing and controlling, running and operating the charity on a day to
day basis. The trustees receive no remuneration.
Organisational structure
The trustees are ultimately responsible for the policies, activities and assets of the charity. They meet
a minimum of two times every year to review developments with regard to the charity, its grant giving
activities and to make any important decisions. When necessary. the trustees seek advice and support
from the Charity'5 professional advisers.

Hackne Free and Parochial Schools
Educational Trust
Re
ort of the Trustees for Year Ended 5 A ril 2024
Safeguarding
The trustees review their responsibilities in relation to safeguarding annually and have a written
policy. It was agreed that DBS checks were not required as the trustees do not work in direct contact
with children. When the trustees visit the schools they are accompanied and comply with any specific
requirements of the schools when on their premises. The Clerk confirmed that the schoo15 have a
safeguarding policy in place and there were no significant incidents relating to activities from the
grants awarded to the schools, to report to the Trustee5.
Risk management
In line with the requirement for trustees to undertake a risk assessment exercise and report on the
same in their annual report. the trustees have looked at the risks. The trustees have identified five
main areas where risks may occur:
- Governance and management
Operational
Financial
Reputational
Laws, regulations. external and environmental
Governance and management look at the risk the chartty might suffer from the lack of direction, the
skills and training of the trustees and the good use of its funds.
Operational looks at the risk inherent in the charity's activities including supporting unsuitable appeals
from charities. continuity of staff, lack of a disaster recovery policy. etc.
Financia I risks include those arising as a result of poor budgetary control, inappropriate spending, poor
accounting, inappropriate investment policies, etc. There is a Financial Controls policy in place, which
will be reviewed at least annually.
Reputational looks at the possible damage to the charity's reputation. through association with
unsuitable charities, or with inappropriate activity.
Laws, regulations, external and environmental looks at the effects of government policies and the
consequences of non-compliance with the laws and regulations.
Having assessed the major risks to which the charity is exposed, in particular to its finances, the
trustees believe that by monitoring reserve levels, by ensuring that controls exist over the key financial
systems, and by examining the operational and business risks faced by the charity, they have
established effective systems to mitigate those risks. The Trustees have a written risk register which
is reviewed at every meeting. They also have a financial controls policy and other releva nt policies
around governance as expected by the Charity Commission.
Object and Public Benefit
The object of the charity as set out in the Charity Commission Scheme is=

Hackne
Free and Parochial Schools
Educational Trust
Re
ort of the Trustees for Year Ended 5 A
ril 2024
'the advancement of education at or in connection with the Hackney Free and Parochial Church of
England Secondary School and St John and St James Church of England Primary School (the Schools}'.
Hackney Free and Parochial Secondary School changed its name to The Urswick School in September
2011.
The trustee5 confirm that they have referred to the guidance contained in the Charity Commission's
general guidance on public benefit when reviewing the Trust's aims and objectives and in planning
future activities. The public benefit provided by the Trust is for additional educational purposes over
and above the delegated budgets received by the schools. The Trustees consider applications
carefully, taking account of the extent of the expected positive impact.
Activities during the year
Generally, the Trust makes one grant to each school after the accounts have been approved, in
order to continue to advance educational benefits to the pupils at these schools. However, the
Trustees are keen to maximise their grant giving activities and where fu nds allow, they will allocate
more than one grant a year. They encourage the schools to provide reports, detailing projects to
which the grants would be applied, to have greater oversight on how the charitable funds are being
used. There is also an expectation that the schools will each report on the impact of any projects,
particularly how pupils have benefitted.
The Trustees have been pleased to be able to provide grants to both schools. St John and St James
Primary School has continued to request funds to assist with lessening the impact of the Covid-19
pandemic on the early years, development of their pupils. This h35 included funding towards a
sensory room for both those with SEN and the general welfare of all pupils. The Urswick School has
been focused on enhancing the facilities at the school and events to encourage and reward pupil
engagement. The Trust agreed to provide funding over a four year period to support the leasing of a
minibus for school trip5 and sports fixtures.
Trustees
The Scheme allows for seven trustees (one ex officio, one nominated and five co-opted). The trustees
who Served during the year are those listed on page three. The ex officio trustees. term of office is the
period for which he or she holds the office of Rector of Hackney. The nominated tru5tees' term of
office is four years and co-opted trustees. terms of office are five years. The Trustees have reviewed
the definition of the ex-officio role with the best management of the Trust in mind. A resolution has
been passed to redefine the ex-officio role to be 'the Rector of Hackney or his/her nominee.
Investment performance
The value of investments at 5 April 2024 was £2,039,840 an increase of £891,270 on the original
investment.

Hackne
Free and Parochial Schools
Educational Trust
ort of the Trustees for Year Ended 5 A
ril 2024
Finantial review
Details of the Trusts incoming and outgoing resources in the year are given in the Statement of
Financial Activrties on page ten. The Trusts financial position on 5 April 2024 is set out in the Balance
Sheet on page eleven. These Financial Statements should be read in conjunction with the related
accounting policies and notes on pages twelve to nineteen.
Income for the year was £89,220 12023 £87,523). Expenditure for the year was £86,624 {2023
£49,756). At the year ended 5 April 2024, there was a surplus, before investment gains, of £2,596
{2023 surplu5 £37,767). Investment gains for the year were £41,669 {2023 loss £135,094>.
Reserves and Investment Policy
The trustees, policy is to preseNe the investment base of the Trust to ensurethat sufficient income is
generated annually to meet the Trusts requirements. The Trustees feel this is currently well managed
but they review at each meeting whether there is a need for any additional professional advice about
the management of investments, for the long term future of the Charity and to give the best return
for disposable income for grants.
The commrtments and liabilities due within one year totalled £5,772 as at 5 April 202412023 .
£8,039). The trustees considered that the cash balance of £59.890 as at 5 April 2024 was suff icient
to cover these commitments and future financial commitments such as grant payments. The balance
held as unrestricted funds as at 5 April 2024 was £2.955.144 (2023 £2,992.8791 within this balance
is £865,000 for the property at Albert Close12023 . £947,000).
Assessment of going concern
The trustee5 have assessed whether the use of the goin8 concern assumption is appropriate in
preparing these financial statements. The trustees have made this assessment in respect to a period
of one year from the date of approval of these financial statements. The trustees of the Charity have
concluded that there are no material uncertainties related to events or conditions that may cast
significant doubt on the ability of the Charity to continue as a going concern.
Future developments
We will continue to maintain and develop relationships with The Urswick School and St John and St
James Primary School and to considergrant applications from each. Wewill also be lookingto appoint
new trustees with relevant experience within an education context. to support the schools and make
informed decisions about the best use of funds to meet the objects of the Charity.

Hackne
Free and Parochial Schools
Educational Trust
Statement of Trustees, Re5
onsibilities for Year Ended 5 A ril 2024
The purpose of this Statement IS to distinguish the responsibilities of the trustees, as a body. for the
Financial Statements from the responsibilities of the independent examiner as stated in their report.
The Trust Deed and Charity Law require the trustees to prepare Financial Statements for each financial
vear which give a true and fair view of the state of affairs of the Trust and of its financial position at
the end of the year. In preparing those Financial Statements the trustees are required to..
Select Suitable Accounting Policies and then apply them consistently-
Observe the methods and principals of the Charities SORP, Accounting and Reporting by
Charities:
Make judgements and estimates that are reasonable and prudent;
State whether applicable United Kingdom Generally Accepted Accounting Practice (United
Kingdom Accounting Standards and applicable law} has been followed, disclosing and
explaining any departures therefrom in the Financial Statements: and
Prepare the Financial statements on the going concern basis unless it is inappropriate to
presume that the Trust will continue in operation.
The trustees are responsible for maintaining proper accounting records which disclose with
reasonable accuracy at any time the financial position of the Trust and to enable them to ensure that
the Financial Statements comply with the Charities Act 2011 and the Trust Deed. They are also
responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
By Order of the Board of Trustees
..2024
- Trustee

Inde
endent Examiner's Re ort to the Trustees of
Hackne
Free and Parochial Schools Educational Trust
Independent examiner's report to the trustees of Hackney Free and Parochial Schools Educational
Trust
I report to the chartty trustees on my examination of the accounts of Hackney Free and Parochial
Schools Educational Trust (the Trust) for the year ended 5th April 2024.
Responsibilities and basis of report
As the charity trustees of the Trust. you are responsible for the preparation of the accounts in
accordance wrth 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)Ib) of the Act.
Independent examiner's statement
I have completed my examination. I confimi that no material matters have come to my attention in
connection with the examination gwinE 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
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 fairview 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.
NO￿-￿-
Matthew Stuart Dobbins (Dec 20, 2024 16-49 GMT)
Matthew Dobbins FCA
Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
8532 4JY
Date".
2011212024

Hackne
Free and Parochial Schools
Educational Trust
Statement of Financial Acttvities for Year Ended 5 A
ri12024
Unrestricted
Restricted
2024
2023
Note
funds
funds
Total Funds
Total Funds
Income
Investment income
89,220
89,220
87,523
Total Income
89,220
89.220
87,523
Expenditure
Charitable expenditure
62.540
62,540
33,500
Other Costs
24.084
24.084
16,256
Total Charitable Expenditure
86.624
86.624
49,756
Unreali5ed 8ainll10551 on investment a55ets
41,669
41.669
1135,0941
Net incomellexpenditurel
44,265
44.265
197,3271
Unrealised losse5 on property
182.c(KJl
182,iJ)01
59,000
Net Movement in Funds
137.7351
137,7351
138,3271
Balante at beginnin8 of year
2,992.879
3,001,479
3.039,806
Balance at end of year
2,955,144
8,600
2,963.744
3.001,479
The Trust had no recognised gains or losses
other than those stated above. All income is
derived from continuin8 activities.
The notes on pages 1&19 form part of these financial statements
io

Hackne
Free and Parochial Schools
Educational Trust
Balance Sheet for Year Ended 5 A
ril 2024
05.04.24
05.04.23
Total Fund5
Total Funds
Fixed Assets
Tangible assets- Leasehold property
Investments
865,000
2.039,840
947,0
1,998.171
2.904.840
2,945.171
Current Assets
Debtois
4,786
9,731
Cash at bank and in hand
59,890
54,616
Creditors
Amounts falling due within one year
15.772}
18.0391
Current Assets Less Current Liabilities
58.904
56.308
Net Assets
2,963,744
3,001,479
Funds
io
General fund
2.285.144
670.OL
2,240.879
752,000
General fund Revaluation Reserve
Restricted fund IRH Gapper Legacy)
8.6CX)
8,600
2,963,744
3,001,479
Approved by the trustees and signed on their behalf by..
. Trustee
2024
The notes on pages 1fv19 fomi part of these financial statements
li

Hackne
Free and Parochial Schools
Educational Trust
Accountin
Policies for Year Ended 5 A
l. Basis of Accounting
ril 2024
These accounts have been prepared forthe year to 5 April 2024.
The accounts have been prepared under the historical cost convention with rtems recognised at cost
or transaction value unless otherwise stated in the relevant accounting policies below or the notes to
these accounts.
The accounts have been prepared in accordance with 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 IFRS 1021 (Charities
SORP FRS 1021 issued on 16July 2014, update Bulletin l issued on 2 February 2016 and update bulletin
2 issued October 2019 the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS 1021 and the Charities Act 2011. The date of transition to the Charities SORP FR5 102 was l July
2014.
The charity constitutes a public benefit entity as defined by FRS 102.
The accounts are presented in sterling and are rounded to the nearest pound.
Assessment of going concern
The trustees have assessed whetherthe use of the going concern assumption is appropriate
in preparing these financial statements. The trustees have made this assessment in respect
to a period of one year from the date of approval of these financial statements.
The trustees of the CharFty have concluded that there are no material uncertainties related to events
or conditions that may cast significant doubt on the ability of the Charity to continue as a going
concern. Given the additional challenges of Covid-19 in 2020121 and 2021122 and the c05t of living
crisis in 2022123, the trustees are of the opinion that the Charity will still have sufficient resources to
meet its liabilities as they fall due.
12

Hackne
Free and Parochial Schools
Educational Trust
Accountin
Policies for Year Ended 5 A
ril 2024
2. Accounting policies
Leasehold Property
The leasehold property is included at market value, less depreciation and impairment at the Balance
Sheet date. Any gain or loss on revaluation is taken to the Statement of Financial Activities ISOFAI.
The property, now vacant, is currently not being marketed for sale and purchase of the freehold is on
hold pending clarrfication of the legal title. The Trustees engaged a solicitor to prepare an application
to the Land Registry to try to resolve the issue around the title, but this process is still ongoing. They
are currently waFting on a response from the Land Registry after a further request to review the
position.
Investments
Unit Trust investments have been valued at middle market prices at the Balance Sheet date. Any gain
or10ss on revaluation is taken to the SOFA. Other investments are high interest cash deposit accounts.
Listed investments are a form of basic financial instrument and are initially recognised at their
transaction value and subsequently measured at theirfair value as at the balance sheet date usingthe
closing quoted market price.
The charity does not acquire put options, derivatives or other complex financial instruments.
Realised gains lor losses) on investment assets are calculated as the difference between disposal
proceeds and their opening carrying value or their purchase value is acquired subsequent to the first
day of the financial year. Unrealised gains and losses are calculated as the difference between the fair
value at the year end and their carrying value at that date. Realised and unrealised investment gains
lor losses) are combined in the statement of financial activities and are credited lor debited) in the
year in which they arise.
Other Investments are included at cost, which is considered to be approximate to their market value.
Income
Income is recognised in the period in which the charity has entitlement to the income, the amount of
income can be measured reliably, and it is probable that the income will be received.
Income comprises notional rent income. investment income and interest receivable.
Dividends are recognised once the dividend has been declared and notification has been received of
the dividend due.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
committing the group or charity to make a payment to a third party, it is probable that a transfer of
economic benefits will be required in settlernent and the amount of the obligation can be measured
reliably.
13

Hackne
Free and Parochial Schools
Educational Trust
Accountin
Policies for Year Ended 5 A
ril 2024
Expenditure {continued}
All expenditure 15 accounted for on an accruals basis and includes attributable VAT which cannot be
recovered. Expenditure comprises direct costs and support costs. All expenses, includin8 SUPPOrt
costs. are allocated to the applicable expenditure heading.
Grants payable are included in the statement of financial actrvities when approved and when the
intended recipient has either received the funds or been informed of the decision to make the grant
and has satisfied all related conditions
Allocation of support and governance costs
Support costs represent indirect charitable expenditure. In order to carry out the primary purposes of
the charity it is necessary to provide support in the form of financial and governance procedures,
provision of office services and equipment and a suitable working environment.
Governance costs comprise all costs relating to the public accountability of the charity and its
compliance with regulation and good practice. These costs include costs relating to the independent
examination of the financial statements and legal fees.
Support costs and governance costs are allocated to the charitvs single charitable activity.
Taxation
The Trust is treated for tax purposes as a charity and is not liable to Income Tax on investment income
or income derived from charitable activities. The Trust is not registered for VAT. All amounts in the
SOFA are shown inclusive of VAT, where relevant.
Debtors
Debtors are recognised at their settlement amount, le55 any provision for non-recoverabilitv.
Prepayments are valued at the amount prepaid. They have been discounted to the present value of
the future cash receipt where such discounting is material.
Cash at bank and in hand
Cash at bank and in hand represents such accounts and instruments that are available on demand or
have a maturity of less than three months from the date of acquisFtion.
Creditors and provisions
Creditors and provisions are recognised when there is an obligation at the balance sheet date as a
resu It of a past event, it is probable that a transfer of economic benefit will be required in settlement,
and the amount of the settlement can be estimated reliably. Creditors and provisions are recognised
at the amount the charity anticipates it will pay to settle the debt. They have been discounted to the
present value of the future cash payment where such discounting is material.
14

Hackne
Free and Parochial Schools
Educational Trust
Accountin
Policies for Year Ended 5 A
ri12024
Fund accounting
Restricted funds are monies raised for, and their used restricted to, a specific purpose, or donations
subject to donor imposed conditions {income and expenditure relating to the R H Gapper Legacy).
Unrestricted funds represent those monies that are freely available for application towards achieving
any charitable purpose that fall within the charity's charitable objects.
Statement of cash flows
The financial statements do not include a statement of cash flows because the charity is exempt from
the requirement to prepare such a statement under the Charities SORP FRS 102 Update Bulletins I
and 2.
15

Hackne Free and Parochial Schools
Educational Trust
Notes to the Financial Statements for Year Ended 5 A
ril 2024
3. Charitable Expenditure
Unrestricted
2024
2023
Grants to The Urswick School
32.540
13,500
Grants to St John and St James Primary School
30,0(X)
20,000
62,540
33.500
2024
2023
4. Other Costs
Independent Examiner's fee
Accountancy fees
Clerking fees lThPI
Legal fees
Premises expenses
Other sundry expenses
1,020
810
2,424
5,379
1,836
4,397
1,140
4,730
3,343
7.654
7.607
24,084
16.256
The trustees recetved no remuneration for their seNices to the Trust and no expenses were reimbursed.
5. Movement on Unit Trust Investments
2024
2023
Investments at market value at beginning of year
1.998.171
2,133,265
Additions in year
Surplus/lDefsCltI on revaluation of investments at the year end
41,669
1135,0941
Investments at market value at end of year15ee note 71
2,039.840
1,998,171
The Trust is not chargeable to corporation tax on capital gains and. therefore. there would be no liability to corporation tax on capital gain5 if the
investments were realised at the market value Shown in the Financial Statements.
16

Hackne
Free and Parochial Schools
Educational Trust
Notes to the Financial Statements for Year Ended 5 A
ril 2024
6. Tangible Fixed Assets
2024
2023
Leasehold property at valuation at beginning and end of year
865,000
947.000
The Trust own5 the leasehold interest in the School Keeper's House of Urswick School (formerly the Hackney Free and Parochial School). which wa5
independently valued by Bunch and Duke on 15 July 2014. The lease run5 from June 1985 to October 2083. The property. while previously understood to
be freehold has been corrected to disc105e the correct ownership. The trustee5 have agreed that the property should be shown at market value. The
property, now vacant, is currently not being marketed for sale and purchase of the freehold is on hold pendin8 clarification of the legal ￿tle.
An updated valuation was obtarned in 2017 from Bunch and Duke wtth an effective date of 05.04.17. The revised valuation was reflecteil in the Financial
Statements for the year to 5 April 2017. In subsequent years the valuation has been obtained via Zoopla online.
2024
2023
Market
Market
Value
Value
7. Investments
Name of Investment
Units
Cost
COIF Charities, Investmerrt Fund
48.411_49120231
48.411.49120241
Income units
369.686
968.714
902.826
COIF Charitie5' Property Fund
Income units
82,294.24120231
82.294.24120241
87.884
85.183
91.059
CharifiJnd- Equities Investment Fund
for Charities- Income units
67.712.106120231
67,712.106120241
691OiXI
985,943
1,004,286
1,148.570
2,039,840
1,998,171
8. Debtors and Prepayments
2024
2023
Prepayments
4,786
9,731
4.786
9,731
17

Hackn
Educational Trust
Notes to the Financial Statements for Year Ended 5 A
an
Parochial Scho
ril 2024
2024
2023
9. Creditor5
Creditors
4,812
6,974
AccTua15
960
5,772
1,065
8,039
10. Assets analysed by Fund 2024
Investment
property
Net Current
Assets
Investments
Total
General Fund
195,0(Kl
2,039,840
50,304
2,285,144
General Fund Revaluation Reserve
670,0(K)
670,000
Restricted Fund
8.600
8,600
865,0(N)
2.039.840
58.904
2,963,744
10. Assets analysed by Fund 2023
Investment
Property
Net Current
Assets
Investments
Total
General Fund
I95.0(￿1
1.998.171
47.708
2.240.879
General Fund Revaluation ReSe￿e
752.0
752.000
Re5tiicted Fund
8,600
8.600
947.000
1,998.171
56,308
3,001,479
11. Related Parties
The trustees consider The Urswick School and St John and St James Prlfflary School to be related parties of the charity due
to the close ties between the charity and the schools. The Trustees. Annual Report details how the objects of the charitv
interact with the schoo15. Mi55 Driver is a governor of The Ur5wick School and Rev Nelson Inow retired) had been a governor
of St John and St James School until June 2024. Note 3 of the financial statements detsils, in aggregate. the grants awarded
to the s¢hools. In 2024 £32.540 was awarded to The Urswck1£13,500 in 20231 and £30,0￿ to Stjohn and StJame51£20,000
in 20231.
The trustees received no remuneration fortheir services to the Trust aTtd no expenses were reimbursed.
18

Hackne
Free and Paroch ial Schools
Educational Trust
Notes to the Financial Statements for Year Ended 5 A
ril 2024
12. Comparative Statement of Finanoal A¢tlvities fry Year Ended 5 April 2023
Unrestrirted
Restrirted
2023
Total
Fund5
Note
lund5
nds
Income
Investment income
87.523
87,523
Total Income
87,523
87,523
Expenditure
Charitable expenditure
33,500
33,500
Other Costs
16.256
16.256
Total Charitable Expenditure
49.756
49,756
Unrealised losses on investments assets
1135,0941
1135,0941
Net Expenditure
197.3271
197,3271
Unrealised gains on property
59,OCK)
59,000
Net Movement in Funds
{38.3271
138,3271
Balance at beginning of year
3,031.206
8.600
3,039.806
Balance at end of year
2.992.879
8,6(X)
3,001,479
19