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Registered Charity Number 1095238
Hackney Free and Parochial Schools Educational Trust
Annual Report and Financial Statements For the year ended 5 April 2025 Unaudited
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Hackney Free and Parochial Schools
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Contents
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|Trust|Information|3|
|Report|of the Trustees|47|
|Statement|of Trustees’|Responsibilities|8|
|Report of the|Independent|Examiner|9|
|Statement|of|Financial|Activities|10|
|Balance|Sheet|11|
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|Accounting Policies|12-15|
|Notes to|the|Financial|Statements|16-20|
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Hackney Free and Parachial Schools Educational Trust Trust Information for Year Ended 5 April 2025
Trustees;
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Jacqueline Driver— appointed Chair 31.07.24 Revd Mark Nelson — Chair — Resigned 31.07.24 Christopher Reeves — Resigned 31.07.24 Shirley Hase — Resigned 13.11.25 Polly Lorimer Martyn Bearfoot — appointed 06.12.24 Reverend A Gordon —appointed 31.07.24, resigned 11.06.25 Penny Roberts — appointed 11.06.25
Principal Office and Administration; The Trust Partnership (Foundations) Ltd 6 Trull Farm Buildings Tetbury Gloucestershire GLE 8SQ
Bankers; Barclays Bank pic 1 Churchill Place London E14 5HP
Independent Examiner; Dunkley’s Woodlands Grange Woodlands Bradley Stoke Bristol BS32 41¥
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Solicitors; Farrer & Co 66 Lincaln’s Inn Fields London SW2A 3LH
Investment Managers; CCLA Investment Management Ltd 80 Cheapside London EC2V 6DZ M&G Securities Ltd Victoria Road Cheimsford CM99 2XF
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Hackney Free and Parochial Schools Educational Trust
Report of the Trustees for Year Ended 5 April 2025
The trustees present their Report and Financial Statements for the year ended 5 April 2025.
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 Schoo! (formerly Hackney Free and Parochial Secondary Schoo!) at Paragon Road, Hackney E9 GNR 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 1990’s, two major projects were carried out, the first to move the split site Hackney Free and Parochial Secondary Schoo! 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 (renamed The Urswick) and St John and St James’ Schools.
Structure, Governance and Management
Recruitment and appointment of new trustees
The charity has five trustees, who meet twice a year, The Trustees reviewed some aspects of their Governing Scheme in December 2022 and have formally made a resolution to permit meetings and decision-making by electronic means.
The identification of potential new trustees is carried out by the Board, the aim being to appoint those with the appropriate expertise and experience for the charity's work. Following the resignation of Revd Nelson, Revd Gordon returned to the ex-officio role, but Miss Driver has now been nominated to fulfil that rale and so Revd Gordon has stepped away from the Trust again. The trustee position available for nomination by the London Diocesan Board for Schools has been vacant since 2023, but this has recently been filled by Penny Roberts who is the Director of Education at the LDBS.
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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 yearto 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's professional advisers.
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Hackney Free and Parochial Schools Educational Trust Report of the Trustees for Year Ended 5 April 2025
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 confirms that the schools 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 Trustees.
Risk management
in tine 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:
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Governance and management
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Operational
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Financial
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Reputational
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Laws, regulations, external and environmental
Governance and management look at the risk the charity 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.
Financial 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.
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Reputational looks at the possible damage to the charity's reputation, through association with unsuitable charities, or with inappropriate activity.
Laws, regulations, externa! 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 approved this year an Investments and Reserves policy alongside a Data Protection and Privacy Policy. More recently in June 2025, the Trustees approved a Serious Incident Reporting policy and EDI policy, as part of the suite of policies expected by the Charity Commission.
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Object and Public Benefit
The object of the charity as set out in the Charity Commission Scheme is:
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Hackney Free and Parochial Schools Educational Trust Report of the Trustees for Year Ended 5 April 2025
‘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 Schoo! (the Schools)’. Hackney Free and Parochial Secondary School changed its name to The Urswick School in September 2011,
The trustees 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. The Trustees focus on supporting project applications by the schools that are not covered by core funding, and which address issues specific to the pupils and schools, to maximise the learning opportunities through the core curriculum.
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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 kéen to maximise their grant giving activities and where funds allow, they will allocate more than ofe 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 requested funds to assist with supporting the mental health and welfare of pupils through an outdoor learning and play strategy. This benefits all pupils in the school. The Urswick School has been more targeted on supporting boys at the school who were having difficulties in engaging by using a football project, the success rates of which have been promising. The Trust also provided the third year (of four) of funding to support the leasing ofa minibus for school trips 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 yéar 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 or nominated by the Rector to hold that position on his/her behalf. The nominated trustees’ term of office is four years and co-opted trustees’ terms of office are five years.
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Investment performance
The value of investments at 5"> April 2025 was £2,024,417 an increase of £875,847 on the original book cost of investment.
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Hackney Free and Parochial Schoals Educational Trust Report of the Trustees for Year Ended 5 April 2025
Financial review
Details of the Trusts incoming and outgoing resources in the year are given in the Statement of Financial Activities on page ten. The Trusts financial position on 5 April 2025 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 £92,886 (2024: £89,220 ). Expenditure for the year was £79,651 (2024: £86,624 ). At the year ended 5" April 2025, there was a surplus, before investment losses, o£13,235 {2024 surplus £2,596). Investment losses for the year were £15,423 (2024: gains £41,669).
Reserves and Investment Policy
The trustees’ policy is to preserve the investment base of the Trust to ensure that 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 Trustees reviewed their investment policy and agreed that the overall investment objective is to produce a financial return, equivalent to, or above CPI over a periad of 5 years with reference to fund comparators.
The commitments and liabilities due within one year totalled £3,947 as at 5’ April 2025 (2024: £5,772). The trustees considered that the cash balance of £73,638 as at 5" April 2025 was sufficient to cover these commitments and future financial commitments such as grant payments. The balance held as unrestricted funds as at 5“ April 2025 was £2,992,556 (2024 : £2,955, 144) within this balance is £896,000 for the property at Albert Close (2024 : £865,000).
Assessment of going concern
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The trustees have assessed whether the 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 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 Schoo! and to consider grant applications from each. We will continue to be open to appointing to the two remaining trustee vacancies, where prospective trustees have 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.
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Hackney Free and Parochial Schools Educational Trust
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Statement of Trustees’ Responsibilities for Year Ended 5 April 2025
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 year 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:
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e Select suitable Accounting Policies and then apply them consistently; e Observe the methods and principals of the Charities SORP, Accounting and Reporting by Charities;
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« Make judgements and estimates that are reasonable and prudent;
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e 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
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« Prepare the Financial statements on the going concern basis unless it is inappropriate ta 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
8th January 2026
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Tacaule Driver
nen hit Deiter (san 24, 226 19 4:24Gh17)
seve teaacenesesreereees PTUSTER
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Independent Examiner's Report to the Trustees of
Hackney Free and Parochial Schools Educational Trust
Independent examiner's report to the trustees of Hackney Free and Parochial Schools Educational Trust
| report to the charity trustees on my examination of the accounts of Hackney Free and Parochial Schools Educational Trust (the Trust) for the year ended 5th April 2025.
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’).
| 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 | have followed ail applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. | 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
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the accounts do not accord with those records; or
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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.
| 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
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accounts to be reached.
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me,
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Matthew Dobbins FCA Dunkley's
Woodlands Grange ; Woodlands Lane Bradley Stoke Bristol] BS32 4JY
Date: Bdlot fw2e
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Hackney Free and Parochial Schools Educational Trust
Statement of Financial Activities for Year Ended 5 April 2025
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|Unrestricted|Restricted|2025|2024|:|
|Note|funds|funds|Tota! Funds|Total Funds|i|
|£|£|£|£|
|Income|
|Investment income|92,886|:|92,886|89,220|.|
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|Total Income|92,886|:|92,886|89,220|
|Expenditure|
|Charitable expenditure|3|47,000|8,600|55,600|62,540|
|Other Costs|4|24,051|:|24,051|24,084|
|Total|Charitable Expenditure|71,051|8600|79,652|86,624|
|Unrealised|(losses) / gains on investment|5|(15,423)|-|(15,423}|41,669|
|assets|
|Net (expenditure) / income|6,412|{8,600}|(2,188)|44,265|
|Unrealised|gain /|(toss) on|property|6|,|31,000|-|31,000|(82,000)|
|Net Movement in Funds|37,412|{8,600}|28,812|(37,735)|
|Balance at beginning|of year|2,955,144|8,600|2,963,744|3,001,479|
|Balance|at end of year|2,992,556|-|2,992,556|2,963,744|
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The Trust had no recognised gains or losses other than those stated above, All income is derived from continuing activities.
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Hackney Free and Parochial Schools
Educational Trust
Balance Sheet for Year Ended 5 April 2025
The notes on pages 16-19 farm part of these financial statements
| Note | 05.04.25 | 05.04.24 | |
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| Total Funds | Total Funds | ||
| £ | £ | ||
| FixedAssets | |||
| Tangible assets--Leasehald property | 6 | 896,000 | 865,000 |
| Investments | 7 | 2,024,417 | 2,039,840 |
| 2,920,417 | 2,904,840 | ||
| CurrentAssets | |||
| Debtors | F} | 2,448 | 4,785 |
| Cash atbankand in hand | 73,638 | 59,890 | |
| Creditors | |||
| Amounts fallingduewithinoneyear | 9 | (3,947) | (5,772) |
| CurrentAssetsLessCurrent Liabilities | 72,139 | 58,904 | |
| NetAssets | 2,992,556 | 2,963,744 | |
| Funds | 10 | ||
| Generalfund | 2,285,144 | ||
| 2;291,556 | |||
| General fund Revaluation Reserve | 670,000 | ||
| 701,600 | |||
| Restrictedfund (RHGapperLegacy) | : | 8,600 | |
| 2,992,556 | 2,963,744 |
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Approved by the trustees and signed on their behalf by:
jacnuie Driver Jarqquie Enver (420 22, 2026 19:53:98 G14} peewvessvenesenageeaacatvarssereernvesPYUSTER
8th January 2026
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Hackney Free and Parochial Schools
Educational Trust Accounting Policies for Year Ended 5 April 2025
1. Basis of Accounting
These accounts have been prepared for the year to 5” April 2025.
The accounts have been prepared under the historical cost convention with items recognised at cast 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 (FRS 102) (Charities SORP FRS 102) issued on 16 July 2014, update Bulletin 1 issued on 2 February 2016 and update bulletin 2 issued October 2019 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The date of transition to the Charities SORP FRS 102 was 1 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 whether the 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 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. Given the additional challenges of Covid-19 in 2020/21 and 2021/22 and the cost of living crisis in 2022/23, the trustees are of the opinion that the Charity will still have sufficient resources to meet its liabilities as they fall due.
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Hackney Free and Parochial Schools Educational Trust Accounting Policies for Year Ended 5 April 2025
- 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 (SOFA). The property, now vacant, is currently not being marketed for sale and purchase of the freehold is on hold pending clarification 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 waiting on a response from the Charity Commision before a further request to review the position is made to the Land Registry.
Investments
Unit Trust investments have been valued at middle market prices at the Balance Sheet date. Any gain or loss on revaluation is taken to the SOFA. Other investments aré 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 their fair value as at the balance sheet date using the closing quoted market price.
The charity does not acquire put options, derivatives or other complex financial instruments.
Realised gains (or losses) on investment asséts 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 (or losses) are combined in the statement of financial activities and are credited (or debited) in the year in which they arise.
Other Investments are included at cost, which is considered to bé 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 settlement and the amount of the obligation can be measured reliably. :
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Educational Trust Accounting Policies for Year Ended 5 April 2025
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Hackney Free and Parochial Schools
Expenditure (continued)
All expenditure is accounted for on an accruals basis and includes attributable VAT which cannot be recovered. Expenditure comprises direct costs and support costs. All expenses, including support costs, are allocated to the applicable expenditure heading.
Grants payable are included in the statement of financial activities 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 charity's 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.
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Debtors
Debtors are recognised at their settlement amount, less any provision for non-recoverability. 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 acquisition.
Creditors and provisions
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Creditors and provisions are recognised when there is an obligation at the balance sheet date as a result 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.
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Hackney Free and Parochial Schools
Educational Trust Accounting Policies for Year Ended 5 April 2025
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 1 and 2.
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Hackney Free and Parochial Schools Educational Trust Notes to the Financial Statements for Year Ended.5 April 2025
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|3.|Charitable|Expenditure|:|2025|2024|
|Unrestricted|£|£|
|Grants to The|Urswick|School|25,600|32,540|
|Grants to|St John and|St James Primary|School|30,000|30,000|
|55,600|62,540|
|2025|2024|
|4.|Other Costs|£|£|
|Independent Examiner's fee|1,050|1,020|
|Accountancy fees|2,145|2,424|
|Clerking fees|(TTP)|6,603|5,379|
|Premises expenses|8,687|7,654|
|Other sundry expenses|5,566|7,607|
|__24,051|_24,084|
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The trustees received no remuneration for their services to the Trust and no expenses were reimbursed.
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|5. Movement on Unit Trust Investments|2025|2024|
|£|£|
|investments at market value|at beginning of year|2,038,840|1,998,171|
|(Deficit}/Surplus on|revaluation|of investments|at the year end|(15,423)|41,669|
|Investments at market value|at end|of year (see|nate|7)|2,024,417|2,039,840|
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The Trust is not chargeable to corporation tax on capital gains and, therefore, there would be no liability ta corporation tax on capital gains ifthe investments were realised at the market value shown in the Financial Statements.
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Hackney Free and Parochial Schools
Educational Trust
Notes to the Financial Statements for Year Ended 5 April 2025
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|6, Tangible|Fixed Assets|
|2025|2024|
|£|£|
|Leasehold|property|at valuation|at beginning|of year|865,000|783,000|
|Revaluation|during year|31,000|{82,000}|
|Leasehold|property|at valuation|at the end of year|896,000|865,000|
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The Trust owns the leasehold interest in the School Keeper's House of Urswick School (formerly the Hackney Free and Parochial School), which was independently valued by Bunch and Duke on 15 July 2014. The lease runs from June 1985 to October 2083. The property, while previously understood to be freehold has been corrected ta disclose the correct ownership. The trustees have agreed that the praperty should be shown at market value. The property, now vacant, is currently not being marketed for safe and purchase of the freehold is on hold pending clarification of the legal title.
An updated valuation was obtained in 2017 from Bunch and Duke with an effective date of 05.04.17: The revised valuation was reflected in the Financial Statements for the year to 5 April 2017. in subsequent years the valuation has been obtained via Zoopla online.
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|2025|2024|
|:|Market|Market|
|Value|Value|
|7.|Investments|£|£|
|Name of Investment|Units|Cost|
|COI Charities’|Investment Fund|48,411.49|(2023)|
|Income|units|48,411.49 (2024}|369,686|911,293|968,714|
|COIF Charities'|Property|Fund|82,294.24|{2023}|
|Income|units|82,294.24 (2024)|87,884|$5,052|85,183|
|Charifund|-|Equities|Investment|Fund|67,712.106|(2023)|
|for Charities|- Income|units|67,712.106|(2024)|691,000|1,028,073|985,943|
|1,148,570|2,024,417|2,039,840|
|8.|Debtors and|Prepayments|2025|2024|
|£|£|
|Prepayments|2,448|4,786|
|2,448|4,786|
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3025 | 2024 | ||
|---|---|---|---|---|
| Notestothe Financial StatementsforYearEnded5April | ||||
| 2025 | ||||
| £ | £ | |||
| 9, Creditors | ||||
| Creditors | 2,897 | 4,812 | ||
| Accruais | ——— 989 | 960 | ||
| 3,947 | 5,772 | |||
| 10, Assets analysed byFund 2025 | Investment | Investments | NetCurrent | Total |
| Property | Assets | |||
| £ | £ | £ | £ | |
| Genera! Fund | 195,000 | 2,024,417 | 72,139 | 2,291,556 |
| GeneralFundRevaluation Reserve | 704,000 | - | - | 701,000 |
| RestrictedFund | - | - | - | - |
| 896,000 | 2,024,417 | 72,139 | 2,992,556 | |
| 10,Movement inFunds2025 | Balance At |
Increase/ {Decrease} |
Balance At05.04.25 |
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| 05.04.24 | duringyear | |||
| £ | £ | E | ||
| , | ||||
| General Fund | 2,285,144 | 6,412 | 2,291,556 | |
| General Fund Revaluation Reserve | 670,000 | 31,000 | 701,000 | |
| Restricted Fund | 8,600 | (8,600) | —. | |
| 2,963,744 | 28,812 | 2,992,556 | ||
| 10.Assets analysedbyFund2024 | investment | NetCurrent | ||
| Property | investments | Assets | Total | |
| £ | £ | £ | £ | |
| GeneralFund | 195,000 | 2,039,840 | 50,304 | 2,285,144 |
| General Fund Revaluation Reserve | 670,000 | . | - | 670,000 |
| Restricted Fund | - | ~ 8,600 |
8,600 | |
| 865,000 | 2,039,840 | 58,904 | 2,963,744 | |
| Balance | Increase/ | Balance | ||
| ; | At05.04.23 | {Decrease) | ||
| duringyear | At05.04.24 | |||
| 10.Movement in Funds2024 | ||||
| £ | £ | £ | ||
| General Fund | ||||
| 2,240,879 | 44,265 | 2,285,144 | ||
| General Fund Revaluation Reserve | 752,000 | (82,000) | 670,000 | |
| Restricted Fund | ||||
| 8.600 | - | 8,600 | ||
| 3,001,479 | (37,735) | 2,963,744 |
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Hackney Free and Parochial Schools Educational Trust Notes to the Financial Statements for Year Ended 5 April 2025
11, Related Parties
The trustees consider The Urswick School and St John and St James Primary Schcol to be related parties of the charity due to the clase ties between the charity and the schools. The Trustees’ Annual Report details how the objects af the charity interact with the schools. Miss Driver is a governor of The Urswick Schaal and Rev Nelson (now retired) had been a governor of St John and St James Schoo] until June 2024. Note 3 of the financial statements details, in aggregate, the grants awarded to the schools. In 2025 £25,600 was awarded to The Urswick {£32,540 in 2024) and £30,000 to St John and St James {£30,000 in 2024).
The trustees received no remuneration for their services to the Trust and no expenses were reimbursed.
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Hackney Free and Parochial Schools Educational Trust Notes to the Financial Statements for Year Ended 5 April 2025
12. Comparative Statement of Financial Activities for Year Ended 5 April 2024
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||||||||||
|---|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|2024|
|Total|
|Note|funds|funds|Funds|
|£|£|£|
|Income|
|Investment|income|89,220|-|89,220|
|Totat income|89,220|-|89,220|
|Expenditure|
|Charitable expenditure|3|62,540|-|62,540|
|Other Costs|4|24,084|:|24,084|
|Total|Charitable|Expenditure|86,524|-|86,624|
|Unrealised|gains|on|investments|assets|5|41,669|-|41,66!|
|Net Income|44,265|-|44,265|
|Unrealised|foss on|property|6|(82,000)|-|(82,000)|
|Net Movement|in Funds|(37,735)|“|(37,735)|
|Balance at beginning of year|2,992,879|8600|_ 3,001,479|
|Balance at end|of year|2,955,144|8600|||2,963,744|
----- End of picture text -----
.
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