Coiw)any rvgistration nui]kner: 04475523
Charity registration nuiitrr: 1096487
The West Buckland School Foundation
IA LOIIViliiy liJi]iied by gwanieel
Annual Rep)rt and Fiimllcial StareI1￿ll
for the year ejlded 31 July 2023
WEST BUCKLAND SCHOOL
FOUNDATION

THE IVEsf BUCKL.4ND scH￿L FOLtNDATION
CONTENTS
ReterenLe Athilinistrative tktails
Trustees, Rewrt
2to8
Ststei]rnt of Trustees. Re%yin%ibilities
I11d￿ndent Exdn]iner's RvtK)rt
Stsiei]rnt of Financul ALtivilivs
io
BdlanLe Sheet
Ilto12
Noies to the Financial Statell￿n(s
13to32

THE IVEsf BUCKL.4ND SCHOOL FOLTNDATION
REFERENCE AND ADNItNISTIL4TITrT DETAILS
Chariti" Regi5tralion Number 1096487
Compan!" Regi51ralion Number IM4755?3
The LhaTiry is illLnrp()raied lli Engla￿1 and Wales.
Wesi BULKI￿ld
We51 Buckl￿)d
BARNSTAPLE
Iki'un
EX3? OSX
Registered orfiee
Accountants
Gloi'vr Siaiibury Chartered ALLoulltants
30 Bear Street
BARNSTAPLE
EX3? 7DD
Solicito
Wollei]s
Avery. House
Lit￿n) Rwd
Ruuiids'H'ell Business Park
BARNSTAPLE
tkvon
EX313TL
Bank'ers
Virgin Mi)ne5'
40 Si VinLeiii PlaLe
GLASGOW
GI 2HL
Page I

THE IVEsf BUCKL.4ND scH￿L FOLtNDATION
TRusfEES' REPORT
Tlie trustevs, wlio are direciors t'or Ilie purp(i%e% ot L()tnp<lliJ' law. pre%enl Ilie ailliual rep()rt l()gether
witli the tllfdncial staleiilents ot Ilie Llwitable L()nIp￿1) tor the elided 31 July 2023.
Trustees and officers
The trustevs Jnd oftiLers serving during the and since the end MTere as follows:
Trustees:
Mr H OrLlurd-Lisle IChdiT
Mrs L Wakefield
MrWHGeen
The Counle55 of Arrdn MBE VLL
Mr M Wi¥hth¥m Ire%igned 6 Jul J, ?023)
Dr T Bigge
Mr M J H￿f0rd Ire%igned 6 Jul), 20231
Mr S Sn)ith
Mrs B Ddly
Mrs A D Webb
Mr K R Unde￿v￿XI Ire%igned 18 Ma), 20231
Mr J E CIM)￿[
Mr D J SedgwiLk Ire%igned 18 Ma), ?0?31
Ms A C Jenkills laPtK)inled 3 Januar), 20231
Mrs R A W(M)*ey Idpwinled l Novei]trr 20231
Page 2

THE IVEsf BUCKL.4ND scH￿L FOLtNDATION
TRusfEES' REPORT
Statement of Trustees, Reswbnsibililies
Tlie trustevs (wh() are also Ihe direciors ot Tlie West BUCkla￿ Scli(K)l Foundatioii tor (he purp()%es
ot L(IIIIPilllJ' Idii'i are Te%tx)n%ible tor prepariilg Ihe trustees. retx)rt aiid Ilie t-lliaiicial state11￿1]lS iii
dLLorddiiLe w'illi iippIiLdble Idll. and UIiited Klli¥di)ni ALLI)uniing SuIiddrds (United KiiigTd()m
Generally ALLepled ALLiiuntin¥ PrdLtiLel. including FRS 10? 'Yhe F￿ncial Rep)rtiii¥ Stdnddrd
IppIiLable in the UK dnd RvpubliL of I[el￿d,
CiTriiwany law requires the truslees to prep4ll¥ til￿￿1 state￿￿1]ts fur eaLh fil1￿ClaI ￿edr. Uiider
LIIIIIPdny Idw the truslees must nut appri)ve the tiiunLial Staten￿litS unless they are Sdiisfied ihal
Ili¥y give a true dnd tdir i ieiy (Ft the stdte ot dtldirs ot Ihe Lluritsble L()IllP<iny and ot il)e iiicollllng
resources dnd appliLaiii)n of resources. including its incoI1￿ diid eX￿ndIn1￿¢. of ihe Lluritdble
Lllil]Piiny tor tthai periixl. In prepariA)g these t-lluiicial statenrnts. Ilie truslees are required to:
seleLt suitable aLL()untin¥ p()IiLiv% dnd appl )' thviii l()￿￿11t￿ndy.
observe tlie iiEtl1￿S ￿]d prinLiple% in Ilie CILiriiies SORP:
INke judg7en￿ni￿ estiiiutvs thdt are redsonable ￿ld prudeiit.
sldle wlieiher dppIiLdble aLLI)unlin¥ bL￿dard* coiiiprisiiig FRS 10? have ￿ell folliTrwed, gubjeL
to dny. iiuterial dvpffiure% di5LIused explained iii Ihe tiiuiiLul ststen￿llts. dnd
prepdre the t~￿￿Lia1 slalenrnts un the gvoingF LviILerll basis unless it is in4ippr()priilte to pre4uii
thdi tlie Lharilable Cl)[np￿￿. w'ill Lunlinue in bu5invs5.
LU o) J The trustvvs are restK)nsible tor keeping pri)￿[ aLL()unling rvLords' ihdi can disLlose with redsoiuble
> z u ilLLuraLJ' at an), lill￿ the fil1￿CLaI p(i%itiiTrn ot the charl￿ble L()IllPdllJ" dnd enable theiii lo eiisure ihal
O <( < tliv f￿al]ll￿1 slateiirnls Ll)ttwls' H'iih tlie Act ?(K)6. Tliej. are dlso re5￿)￿51b1e fL)r
(J (n ￿ 4ate¥uL￿dIn￿, the assels ot tlie Llwiidble LlTrll]P<inJ' aiid heiiLe tor taking redsoiuble 4tep% for ihe
prev¢niii)n dvtvLliun of trdud dnd oiher irtegmlarff ie
Tlie trustVVS Te4p)nsible tor the 1Thinle￿￿e and inlegrii), of the L()rp)rdte dnd finaiiLMI
iiiforiiulioii InLIud￿ on the charitable L(lnIp￿lS b u'ebs'iie. LegTj%ldtii)n gJL)i'ertiiiigF ilie prepdrdlion
diid di5seiiuiuliuii ot t-￿￿Lia1 slale1￿￿t￿ mii)" ditfer troiii legisldtii)n in oiher juri%diLiii)n%.
Structure, governance and management
Nalure olgoverning docuinenl
Tlie We%1 BuLklaiid SL'liuul Founddtion is a L()nIp￿1￿. liiillied bj. gUdT4iiiiee dnd it is gT()I'eriied b), its.
Melliurdiid￿I] ￿]d AlliLles (Ft A55(K￿tion. The Li)li]P1￿￿' Mlas inLI)rtx)rdled 2 Jlll), 2002 dlld
Tegi%tervd as a Ll]drilJ' froni 12 MdfLh ?(K)3.
Page 3

THE IVEsf BUCKL.4ND scH￿L FOLtNDATION
TRusfEES' REPORT
Organisaftollal 51ructure
The West Buckl￿d SL'hwl Foundation. the FouThlaiioll. was sei up for ihe I￿n￿rI1 of Wesr
BUckI￿ld SLI1￿)1 I Ilie SL'h(M)Ii. a Lharitj. thai pr(Ivides educaiioii tor pupil% dged 3 10 18. Over ilie
ye<ir Ilie Th'ork ot tlie Fouiidaiion Th'as carried out b). a tull llliie Fouiidatioii & Aluiimii Director,
d55iSted by pan lill￿ Fouiidatiuii & AluIi]ni OttlLepi. Frojii Feb[￿ry" ?0?? oI)e utfiLer M.'as iii Llidr¥e
ot fiiianLe dnd dthillnislrdliun, tlie oilier in Lhdrge of events and Lun]nwniLdtiotLS.
Tlie hllrd ot truslees, wlio [￿et terml).. are resp¢)￿Sible tor ulTin]are strategTiL decisioiis haiiiiig
TegTÉird to advice troiii tlie Fouiidaiion & Aluii)ni Direcior aiid oilier adi'isors. Tliere is I)0 stdtuti)ry
requiren￿￿t to hold &ill dnnudl generdl nEeting. Ivhere V￿￿]LieS dfi5e the trustees will Éipixiinl
Tepl<iLen*nt trustvvs truni w'iiliin the u'ider k.liwl Li)IiiniuviiiJ" UT 11,ho have speLifiL skills djid
experi¥iiLe Ihdl it IS telt w'ould be usvtul uIi Ihe BU￿d. Trusiees ￿.111. unless the), resigFII OT dre
Teiiwved by a vote of the other dirvLiors serve for a terni of 3 A trustee slull nut serve for
li￿re thdn 3 LonseLUlive unless it is uihvnvise agryeed by the uiher directors.
Major risks and Munagemeni of those risks
The Irustevs hdve trxamined the principal funLtion of the FoundJtion aiid LOiL%ider thai ihe tx)%qible
TiSks tu whiLh the Fuuiiddlion is exp)¥td are iilljiiII￿5ed subjeLI i)nl)' lo noriiul inve%lll￿l]I TiSk.
c( z Tliese risks are tu be reviewed annudilj..
LU o) J ObiectiTr'es and actiiTrties
Objects and aims
Tlie Foundatiuii exi515 tu Nuptxirt and pri)￿)te the Llidriuble purp(Trie% ot West BuLkidiid SL'li()ol,
Bdrnsl<iple. Dvvon ihri)ugTh tlie tunding ot bur5dri￿ L41Pital proieLts and geiierdi projeLts aW￿ded at
tlie disLrelioii ot Ihe Trusteek
Objective5, s1rnle￿eS and aetiTrYties
9¥
Drd* il)¥uf Wril ￿.kIa￿l5L1wI b}'J Ye￿7 1.LwJMlaiiullFlUts3￿" itu(kut iagy I:)
Page 4

THE IVEsf BUCKL.4ND scH￿L FOLtNDATION
TRusfEES' REPORT
Welt BUckI￿￿d Sch￿1 Foulhdaiion Lollillhues to c(K)rdinaie t"undrdlNllig lliitiai jlTes oil ￿lIalt ot ilie
SLliool. Tliese tunds eiLible Ilie kliwl to iihi'esi in sei-eral proffcts. S'ear oil s'e<￿. ￿lI]iCI] ei)liaiice
diid enriLli ihe eduLdiiu￿l expeii¥iiLe tur uur studenis. DuringT ?O?71?3 there w'&lS iio iiiajoi Ldpildl
fundraisingT LdI1]pa]g￿ but several snEIll C&lIl]P&iigtLS.
Soi]r of the 51iuller pri)jeLl% tunded froni donalions include the Queen Eliu￿tIl 11 Iileinorial garden
wliiLli was iTrftlLi<ills.' I)￿￿¥d b). Paul OrLhdrd-Lisle. the SL'liwl's Pdtroii oil SpeeLh TrdS
The
g¢irden. wliiLh has been tunded b). a generi)uN doiutiun and a leg<lL5'. was lush witli N'ibrani floH'.ers
diid ie¥etsble% the tr￿qUi1 Path￿.8).% and sedting areas uffer a spaLe for refleLIioii dnd
Teii]eii]brdllLe. Tlidiiks. tu Ihe generiliiry. of our Li)I]￿lUnits'. the Founddti(Mi lus purLli¢ised Iiuiiy
ileii]s tL)r the k.hwl inLludin¥ brass in5m1n￿nts tor the Prep smdents. a IiK)bi]e LfiLkel net, piaiio
51wls. bOtI S¢dliIigi tor the clu￿1. GPS sp()tl% IfdLkin¥T equipii*i)i. rugib), tdLkle bag4 diid a iiew
electroiiic SLoreboard tor tlie StM)rt% Hall. The Foundaiioii also Coihllliues to 4p()n%i)r Ilie WBS Flyer
Ilie SLliool's eleciric kii car. Tliis car LI)[1￿te¥ in Ihe GTveiitM)ii'er Educaiioii Trusr's L()Iiwetiti()n
to dvsi¥n, build TaLe &in eleLtriL L&ir. thus in5PiTing swdvnts to exLel in SLiellLe. TeclllioI()gy,
Engineering and Maths.
The Foundatioii's Bursary Fund of £2.2ni coniiDUei to pr(Ivide IncoiiE to help %upp()n ihe
Fouiiddtion's Bur%dry' PrI)gr￿￿￿ and in Ihe ?0?? j?0?3 pvriiKI. Ilie Fouiidatioii, H"iili ihe help ot ihe
SL'I)uol, pr()N'ided iliirteen ￿11￿. tunded pldLe% lo I￿al Lliildren during the dLddeiiiiL ￿e￿Ir. These
C( Z bursdries undersLure the sLh(M)I's LOlllllllts1￿I1[ to tililering tsleiii diid PTllI'idiiig ¥i'ery studeiii witli
LU o) J tliv IiptMTrrmnilJ' tu bULLeed, Tegl￿dI￿￿5 of their bdLkgr(Tru￿. The￿ trdnsforiiutioiul bursaries are for
> z u entr￿. intu Year 7 uiitil tlie end of the Sixth Funii. Tlie deteriiuiiation of the%e bur%ary' studeiits to
O <( < dLliieve iheir tknteIiiidl iii ever). ￿.￿). th¥). caI) and lake advantagpe ot every, ()ppK)rmiiiry' thes, c￿1 fiiid
p()%itively' iiiyaLt% on ei'ery Pdrt ot our L()tntnunit)'. T￿,0 oilier sixili torii]ers were SUp￿}rted
by Ilie Fouiidation's end0￿,1}le1]I tuihd wilh ii)p-up bursaries II) Ilhe ?022-23 acadeiillc year aiid ilie
Founddtioii tuuiid donors to NUPtK)rt tive other btudentb I'￿]Vu5 )"e¢W gr()up%.
Tlie Founddtion Lontiiiues to TllÉlll4ige the H¢ir(L￿hlp Fulld whiLh M.'dS up willi fuiids leti uver froiii
tliv Wesr BULkI￿]d SL'hwl Coi.'id-19 En*r¥enLJ' Fuiid. The Hdrdship Fuiid utfers fiiiaiiLMI
d55i5taiiLe to taiiiilies ot Studenis at West BuLkland Ihat nuj" be experieiiciiig unexpeLted diid
unpldnnvd f￿1]ll￿1 diftlLulties due to adi'erse lite ei'vnts SULh as SiLknes5. deatli, loss of
en]pl(lyn￿nt, loss ot hiTru%ingT or %epdfdlll)n. Graiils troni the Fuiid nu)" be used io Pil), for SLIILKII
tees or extrd% suLh as buses, lunLhes. trip% unifurni. During ?02?12023 £6.633 was used froiii
tliv H￿dShIp Fuiid tu NllPP()rt til'e taiilllies.
A tresli caiiipaign Thas lliiliaied ￿'1[h tlie aiIi) ot grnTh'iIig Ilie nuiiiber ot llidividuals leaiing legidcies
to lup￿)[[ die SLliix)l. Our IvgilL)' N(KietJ" ￿-.aS reirdii*d -The 18)8 S(Kiery- aiid vxi%ting legiil()rs
were hollour￿ with gi)Id Idpel bdd¥e% teaiuring the sch(K)I's whedtsheat l(Igii. Currentls, Ihe
Founddtion hds TeLeived leg<￿5. pledgTes exLeeding £2 nlillion.
To observe the biLentvnary' of the birth of the Reveret¥J J(i%eph Brereton. Ihe visionary Lo-fOu￿jer
of ihe sLhuol. the Foundd(ion deliN'ered a Lon]n*nK)rdtive service and IuiiLh. Furtlieriiiore. Ihe
wliule LlllllliiunitS ji)iiied in a LelebrJiion to nurk the I(￿hh iijll running of the rvnuwned Exn￿r
Ruii, a 1iing%L￿dIll&T Iradiliun dt Ihe sLbwl.
Page 5

THE IVEsf BUCKL.4ND scH￿L FOLtNDATION
TRusfEES' REPORT
A key Pdrt ot Ilie Fouiidaiioii's work is to %uptx)rt the aluii)ni b), wi)rking iii taiideiii witli ilie Old
We%r BuLkland A5sIKiaiion IOWBAI aiid lis i"arious aciii'iiies. ii.'liicli enL()n]P4LS% reuiiioI)s, sp(irtiiig
eN'viit% diid publiL<ililTrll%. Thri)UgTh these etionk the). etititii'elj" Li)ni'e)" Ilie sLh()ol'% g7(￿11 djid
Ispirati()￿l to dluinni, furli￿r PL￿enIN and oiher I￿1]]￿[5 of the Wesi BuLklathJ LiTrn]nwnity. The
Lundoii ieuiiiun iiurked d Ni¥nitlLdnt Illlle510ne as it the tirst rv¥Tjiindl reuiiiuii SlllLe the oiiset of
tlie PdndeniiL ￿]d tlie Npiriled gdiheriiig Thas a heartw4￿]Illg tes1ali￿ll( to up for10s11111]e.
MureoN'er. new ei'enls buLh as the tirsl OIA'BA MediLal and HedliliLare Professions Diimer. were
i11tr￿juLed. The event served as a plaltiTrrni tur our aluiimi. Lurrvnt PdTenL% diid foriiier pl￿entI wlio
hdve pursued careers in i]]ediLal hedlthLdre-reldled t-￿Id5'. lo LotuieLI widi our aspiriiig studenls
eÉigTer to eiiibark on buiiildr pr()tes5i(Tr￿￿ jounie}-s.
Public belief
Tlie Fouiidaiion pr()I'ide% on-going %uptX)rt tor Ihe sch(Kyl thTI)ugTh bUr￿rIeS iiThicli broadeii access
aiid tijriliers die purtK)sv% ot die LhdTlt)' tor Ilie ii'.ider publiL benetii. The Fouiidaiioii also raises
IIM)nvy t'or C<iPital prujeLts' aiid generdl sLh(K)l equipnYtLI. The￿ also ￿n¥t11 ihe M.'ider Li)iimiunity
Is exteriul gTllUP% aLLe55 the traLilities of Wesi BuLkI￿d SLb(K)l.
Tlie trustees Lolltinii that they hdve L(Iniplied with Ihe require11￿￿LS ot kn'tioii 4 ot il)e Clidrities ALI
2011 to due r¥¥drd to the publiL benelii guiddllLe publi%lied b). the Cl]&irit)" Cuiilli]issioii fL)r
Ei]gT1￿]d aiid Wdles.
Financial reiieii.
LU o) J As at 31 Juls 20?3 the Fouiidaiion Bursary Fun(ts under invesiii*iK rnÉli]dgvntnl were valued at
£2,187,fy19. Other ￿￿e15 l inLludin¥ ￿)ne￿. ring-t.el￿ed tor L41Pitdl PTC)jVLtS dnd bur%drie%l lutslled
£3?3,851. All tuiids pert()rtlllligT in lllie wilh ur aiK)I"e iiui-kei expYLtdiiiill% dnd ilie Trusiees dre
(J (n ￿ Ii<iPPJ w'illi the t-llUllLidl p(K%iliiin ot the Foundaiion and its dbilii)" 10.suptM)n the SL'liool.
InveslIi*nt Mdn£igvr% Ei'elvn Partners Loiiiinue to re%p()iid tM)%itikelJ' to the Trusrees. reque%1 to
preserve L<ipifdl w'hile pri)i'idingT incoii* tor burwivi and tlieir pert()rnunLe is i'iewed as gT(XKI by
tlie Truslees. The pert(Trrn￿e ot tlie bur%41ry' tujid is L()n%i%teiitlJ' iiwniiured. and ilie Iiii'esti)*iii
MdniigTer% Te￿}rt tu the Buard at least t￿.]le a J'edT. Should deLiSiOi]s need to be tskeii out of
1110se IiieeringT%, this is Larried out by the nuil￿ted Trusiees for eaLh aLLnuiif. PTesided over by ibe
Cliair.
Well BuCkI￿)d Sc11￿)1 contribuied £83.011 iowards statt aiid adiiliiiistraiioii costs llicurred b), Ilie
Foundaiioii. As in previous J'edN not all work undertdken b). the Founddtiuii Laii be direLtIy
dttribuidble to tundTaisingT as Founddiion 5utt Loiiiinued io NUPPI)rt Wesr BuLklatbJ SL'liool in Iiuiiy
&iredS, in PllTtiLuli￿ with Ihe Bur4dry' Pr()¥Tdviin*. the En￿r¥VenL￿. Fuiid aiid ilie Old WesT Bucklatbj
As'suLMtion IOWBAI. This ts eslinuted to be appri)XiillÉltel)' of dll work.
The Foundation continues to ()￿Tale in a diffiLult econoimic Lliiiute but will strive to llicrease its.
bur%dry' tuiid by increasing regTU14￿ dunJtion& eiicouraging one-off doiutions dnd ￿'(￿rking iowards
eIicouragllig legaLS pledgie%. The ddtsbase is ¢￿bIll￿￿ the Fuundaiiun to LonlliwiiiLdte iiKyre
etteLlitrvlJ' Th'lili as Th'ide a LIIIL%tituetLJ' as tM)%%ible.
Tlie Periiuiieiii Eiiduwli￿1I[ FuIid ISI MiLhael's aiid Aldn Cdiej" Fund) is ￿]ng invested on a total
Teturii basis ￿]d detsils ot this L￿] be toulld Jt Ihe end ot Dole 19.
Page 6

THE IVEsf BUCKL.4ND scH￿L FOLtNDATION
TRusfEES' REPORT
Poliey oil reserves
Reserves are tu be held at a su￿ILl¥￿t level wheieby funds" can be doiuled to ilie Wesl Buckland
SLliool tu help Th'ith Ldpildl pr()jeLl% bursaries. Surplus tuiids ot Ilie Fouiidaiioii are iiivesied
llSlI)g liii'esliiienr Fund MdnÉigTeN 1io￿-.eVer. sutticieihi cash reseTh.'es are neLes%drils' 11]ainoiiied to
P£i)' Fouiiddlioii burs<1ry' pupil%' tees edLh sLbiM)I teriii. The￿ are P<iid troiii BuTSdr)' Fulld divideiids
iii ddditioii to de%1¥ndled dO￿tIons.
Tlie incon)e and pr()penS' Ot the charily shall ￿ applied si)lely iowards Ihe pmin()ti()n ot ilie Ob￿C[S
aiid iio Part shall be paid or I[￿￿terred. direLilJ" or indireLilJ". bj, waj. ot dii'ideiid, tMliiUS or
utlierwise by way (Ft pri)tit. to ineiithrs ot the Chariry.
EaLli regi%tvred 5hdreholder of the charity undvrtdkes lo Luiitribule ￿nounts. Ibui not exLeediiig £10)
toivards the bettle11￿￿t of the ch￿7[) s debis lubiliiies if it Is ￿..Ou￿j up. If there are futlds
reiiuiiiiiig dfter bettlenlent of all debts atKI lubiliiivs. this will be trat]sferred to dnoiher Lluri(y
hdi'ing biiilllar i)bjeLt
li1vest￿en1poIicY aiid objectives
Tlie trustvvs are pertnitted tu ini'e5t IiK)iiies not I￿￿￿dIale1), required for its. purp(i%e% iii or
UP()11 SULh inve%in*nt. seLuril)' or pl()￿rts. of 2n5. nature and ii) ￿1￿. part of the world diid wliether
jiiiw()Iving' liabiliiies or pr(KIuLing' iIicoii* or not as Ihe Lhdrii). slrdll ii) lis discreiioii Illli￿ til to ilie
LU o) J extent Ilui tlie Ll]driry shall have tlie SaI1￿ tMiiiier% in all re%￿lL$ as it 11 IlTere Ilie absolute owner aiid
> z u benetlLidlly entitled.
(J (n ￿ Financial instruments
Objectives aiidpolicies
The LhdTily'S activities eX￿1)e it to a llui]knr of risks- inLluding Lredil ri%k, c￿h flow risk
diid liquidilj. TiSk. The use ot t-￿￿Lia1 derii'aiii'es is gI)Ver￿ b). the LlidritJ"'s p)IiLie% Éippr(Iked by
tliv iK)ard ot Iruslees, w'hiLh pri)i.'iik wrillen prinLiple% OI) Ilie use ot flluiILial derivatii'es to Ii]iiiliige
Iliebe Tisks. The LI￿rit). d￿5 not use derii'dlive t11￿la1 insiruIl￿nts fur speLul31ive puqxTr%e8.
CashfloH' risk
Tlie LhdTltJ s inVes1n￿￿t activities ￿Y eX￿1)e il to the t-ll]anciai risks. ot Lhaiiges in ti)reign
LufTenLy exLhdngTe Tatvs and interest rate
Credil risk
Tlie LhÉirily s prinLipal fu￿nCIal ￿Sets are ballk bal￿ L<i%h. trade oiher rvLeivdbles. dnd
iiivestii￿ll1s.
Tlie Lredil ribk on liquid funds. derii'dtive fiiunLial inslruI]￿lIts is liinited ￿'auSe ibe
Ll)unterpffiie% are ballks Th'iih high Lredit-Tdiin&% dsNigDed b). inierllaiional Lredit-raiin¥ agencies.
Tlie LhÉirilJ' hds nu Signiticant LOnLentrdtion ot Lredit risk, with eX￿)￿u[e %PTead over a large
iiuiilber ot Ll)unlerpdrtie%.
Page 7

THE IVEsf BUCKL.4ND scH￿L FOLtNDATION
TRusfEES' REPORT
LIqu￿lty risk
lil urder to i]uintain liquidity. to ensure that sutfiLieDt funds- are avdiidble for ongoillg iip¢ratii)n8 and
tuture dvve1l)pn￿n1￿, tlie LILwil)' uses a iiiixture ot li)ng-terni aiid short-ienii debi tiifdiice. Furilier
details re¥ardin¥ Iiquidiry risk can be tound in Ihe ALLI)unling Policies iii Ihe t-lllaiicial stateiiiellts.
The An￿￿1 rewrt was 4wpri)ved by the trus1ees of the Lharit), on 14 April 2024 dnd %igned on its.
behalt by:
Mr H OrLhdrd-Lisle (Chair)
Trusiee
Page 8

THE IVEsf BUCKL.4ND SCHOOL FOLTNDATION
INDEPENDENT EL4I¥IINER'S REPORT TO THE TRIISTEES OF THE M:EST
BUCKLAND SCHOOL FOUNDATION {'THE COIIIPANY,)
I TetM)rt to Ilie Lhdritj. t￿SleeS on ni). exaii]inaiioll ot Ihe accounts ot Ihe Ci)nwdliy tor the year
elided 31 JLLIJ ?073.
RespKbllsibililies and of rep)rt
As tlie LhaTiry's trustees ot Ihe Ci)IllPdny la￿] also its direciors tor Ilie purtK)%es ot Ll)IllPÉiny lawl
yl)U &ire Te%tM)n%ible tor the prep￿all1)ll Ot the ￿lOunt5 in &LurddiiLe with ihe requiren*nt% Dt. Ibe
CiTrnwanie% ALt 2(m)61't￿ 2(K)6 ALt').
Having ￿tIStI¥d myself thdt the aLLOUDts of the Ci)i]wdn)' are Doi required to be dudiled uiider Part
16 ot ihe 2(K)6 ALt are eligTible tur indyndent e￿￿tI1)ll. l Tetx)rt iii re%peLI ot iiiy
exaiiiiiutioii ot y()ur LhÉirit! s aLLounts as l￿ried out under seLiion 145 Df the Clurities ALt ?011
I't1￿ ?011 ALt'). In carryiiig out nil, e.xa1ni￿1IOn I hai'e tollo￿..ed the DireLtions giveii b} Ihe
Chdrily Cuiilllli55ion under seLiiun 14515Xbi of the ?01 I ALI.
In(k￿ndent examiner's statement
SlllLe The West BuLkland k.liwl Founddtion's gri)%5 ll)coiI]e exceeded £250.(KM) yi)UT exaiilliier
iiiu%t be a liri1￿r of a tKKts.' listed in seLtion 145 ot the ?011 ALt. l Loiifinii Ilidl l aiii qudlified to
uiidertdke Ihe exaiiii￿1Iull beL'Ju* I ￿17 a i1￿11￿r of Ilie Insiiiule ot Chartered ALLouiitanis lll
EiigTlillid Wdles IICAEWI. whiLh is one of the listed tKNJies.
I hdvv L()n)plered my exall￿tion. l LoiifiTni that no ￿tter5 hdve Con￿ to iiiy dttentioii iii
LU o) J LOlllieLtiuii w'illi the exaiillnation gii-.ing Ii)e cause to believe:
l. acci)Ulllingi reLurds' Th'ere nut kept iii res￿[ of The Wesl BuLkldiid ￿.11(￿)1 Foundation as
required b5 beLtion 386 ot Ihe ?(M)6 ALI. or
2. the dLLounls du not dLLord with those reLord&' UT
3. the dLLounls du nut ci)tnpl)' with the aLL()unting require1]￿nL$ of 5VLtion 396 of ihe 2006 ALI
L)ther than TeqU1ren￿￿t that the aLLounts give a 'irue ￿]d fair vie￿... whiLh is not a Iiuller
Lonsidervd as part (Ff an inde￿ndent exdmindri()n' or
4. ttie dLLuunls lui'e not been prep<ired iii aLcord￿￿e I￿1111 Ilie ii*ihoMts aiid prinLiple% ot ilie
Staieiiieiii ot Recoillll￿IIded Praciice t'or dLLiTruJilllig aiid rvtK)rtiiig b). clharities lÉippIiLÉible to
Llidrities prepdriiig, their aLLuunts in aLLOrdJ[￿'e with ilie FlluiILial RvtM)rting Stdnddrd
iypIiLdble in the UK RepubliL of Ire1d￿j IFRS 10211.
I ILqve no coihcerns and have Con￿ across no oiher i1]a￿erS in CO￿]eCTIo11 widi Ihe exaiiiiilatioii to
wliicli atteiitlon sliould be drawn in this retx)rt it) order to enable a pr(Iper undvr4ldiidlll¥ Ot ilie
dLLounls tu be TeJLhed.
K Tonts BSL FCA
Ilisti￿te of Chartered ALLounlanls in Englalld and Wales IICAEW
31) Bear ,Street
BARNSTAPLE
EX32 7DD
16 April 2024
Pdge 9

THE IVEsf BUCKL.4ND SCHOOL FOLTNDATION
ST ATENIENT OF FINANCI,4L .4CTII"ITIES FOR THE YEAR ENDED 31 JULY 2023
{INCLI,TDING INCOLIIE .4ND EXPENDITURE ACCOUNT AND STATENIENT OF TOTAL
RECOGNISED GAINS .4ND LOSSE
Unrestricted Restricted Elldoiiinent
fuD(is
funds
fullds
Total
2023
Total
2022
Note
Incolne and Endoiiments from:
tkiiidlioi)s diid legTaLie%
Other Iiadingi dL[iN'ities
InveslIi*nr incoi
Other incoiile
1?5.073
9.1?9
1.705
13
4?.659
769
69.491
167.732
9.898
74.?03
13
259.466
9.859
62.243
Toldl InLon
135,920
11?.919
3.(X)7
?51.846
331.568
Eipenditure on:
Raising tuiids.
Chdriuble dLlivities
Other ex￿ndI￿re
Toldl Expendiftire
Gauisllosses on investhlent
dssets
110,693
112.467
140.?591 {1?5.1891
183.7481
15941
{23.7541
123,851)
{165.4481 (111,8551
183.7481
180.0851
{134.7(K)I (137.656
15941 1272.9501 1215.7911
193.9191
12831
194.20?)
131.0321
> z u Net inLoil￿11gxpe￿di[U[¥)
Transters between tunds.
1118.656
1.138
2.130
11 1381
1115.3061
84,745
Net n1)ven￿￿t In Mnds
(117.518
992
1115.3061
84,745
Reconciliation of funds
Toidl tuiids bri)ught
furwdrd
?9.562 2.480.752
118.835 2.6?9.149 2.544.404
Toidl tuiids Larried
fOrw￿d
19
30.78? ? 363.234
119.827 2,513.843 2,629,149
All of the ¢lwiry'S activities derive Iruniconiinuing <￿[all(l[L8 duting the alK)ve IWO ￿lI(mL￿.
The Mnds bredkdown for ?0?2 is skH)wn in tK)te 19.
Page 10

THE IVEsf BUCKL.4ND SCHOOL FOLTNDATION
{REGISTIL4TION NU￿llBER: IW7ii23)
BALANCE SHEET AS AT 31 JULY 2023
2023
2022
Note
Fixed assets
Tdng7ible dssels
Ini'estn*nis
15
16
2.343
1.349
2.308.476 2.443.224
2.310.819 2.444.573
Current assets
Debiors
Casli at bank ￿]d in ILllld
17
13.357
?06.111
21.(I)2
180.372
219.468
201.974
Creditors: Amounts falling due Mithin one l'ear
18
116.4441
117,3981
Iyet current assets
203.074
184.576
Net assets
2,513.843 2,629,149
Funds of the charil).:
Endoiijnent funds
119.827
118.835
O <( < Restricted income funds
RestriLted funds
2.363.234 2.480.752
Unrestricted income funds
u1￿¥StrIcted funds
30.782
29.562
Total funds
19
2.513.843 2.6?9.149
Page 11

THE IVEsf BUCKL.4ND SCHOOL FOLTNDATION
{REGISTIL4TION NU￿llBER: IW7ii23)
BALANCE SHEET AS AT 31 JULY 2023
For tlie fi￿nC￿l year endin¥ 31 July 20?3 the LhaTiI)' was entitled to exen]pti()n froiii dudil illlder
5eLtioii 477 ot the C()mpdnie% ALt ?(M)6 rvldiing to siiEIll coiiwai)ie&
DireLlors' Te4vTr￿4lblljtie
Tlie ii]eiiibers hdve llut Tequired Ihe LlidTilJ' to ubtain an audil of its. dLLouiits' for ibe ye￿￿ iii
queNliiTrn in dLLorddnLe with seLtion 47&
Tlie dir¥Liors ackniiwledgye Iheir resp)￿lIbilItieS fur conwlvillg ￿'1th ihe requireiirnt8 of ibe ALI
witli TespeLt to dLLI)unlingT reLords Ilhe prepiWatii)n ot aLLOUlIts.
The f￿1]L￿1 slateiirnls on Pdge% 10 to 32 were appmved by the trustee5. dnd autliorised for issue
on 14 April 2024 %igiied on their ￿half by:
Mr H OrLhdrd-Lisle (Chair
Trustee
Page 12

THE IVEsf BUCKL.4ND SCHOOL FOLTNDATION
NOTES TO THE FINANCIAL sfATEI¥IENTS FOR THE YEAR ENDED 31 JLILY 2023
I CHARITY STATUS
Tlie Lli<iTltJ is a Lhdri15.' liniited bj guarantee and cnnsequev]tlJ' not have share Lapital. Each of
tliv tru%tvvs is lidble tu Luiitribule an aiiK)unt not exLeedllig £10 loli,￿d5 the assets ot ihe Lhdril} ill
tliv event of liquiddlinn.
Tlie prinLipdl plaLe ot'busilless i&
Wesl BuLkI￿d SL'h(Mil
Wesl BuLkI￿d
BARNSTAPLE
Devon
EX32 OSX
These fill￿￿1 slalenrnts. were duthorised fur issue by the trustee5 on 14 April 2024.
2 ACCOUNTING POLICIES
Summan" of Significant accounling wblifies and k-ei accountinge5timates
Tlie prinLiPdl ilLLI)unling' p(iliLie% applied in the prepdratii)n ot Ihese till￿)Lial Staten￿lI￿. dre Set out
below. These p()lieie% have I￿#ll c()IL%L%tenilJ' applied io dll the years PTe%enled. unless uilierwise
51dled.
Statement of compliance
Tlie t-￿a1]ll￿1 slaleiirnls hdi'e been prepared iii ￿L￿rdanCe witli ALC()unting and Re￿)rtIng by
(J (n ￿ Clurilies: Suleil￿11[ ot ReLOnlli￿nded Praclice IdppIiLdble lo Llurities preparii)g iheir dLLUUlIts iii
dLLorddiiLe with the F￿l￿1 Rep()rtill¥, Sunddrd 2ppliLable II) the LTK dnd RepubliL Ot Ireldiid
IFRS 10?11 il%%uvd in (ki0￿r 2019
Iclidrities SORP IFRS 10211. Ilie Fin￿1claI Re￿)rtI1]g
Staiidard dppIiLiible lli the UK RepubliL Ot Irelalld IFRS 1021 alld Ilie Ci)ii]P4inie% Aci 2006.
Basis of preparalion
Tlie Wesl BULkI￿ld SL'hwl Foundation tneets the defmition of a public ￿li￿ri1 enriry, under FRS
10? Asbeis ￿]d liabililivs are inilidllJ' rthi)giiiNed at historiLal Lust or IrdllSdLtiOll N'dlue ui)less
utlierwise slaled in the Televant aLLI)unting p)liL J. note
The Lhdrilies functio￿1 dnd pre%entati()n Curre￿), is the £ stvrlin
Going coneern
The Irustevs Lonsider that there are no i]uteridl unLVrtdillties aix)ui ihe Ll]iiTify's dbiliry to Lolltinue
as a goii)g concern nor ￿Y signiticant areas of unLertainry thdt affeLI the carryiivg Vdlue of <issets'
lield by the Lharilj..
Eiemption from preparing a cash floil" stalenjent
Tlie Llidritj. i)pled to e￿1 J ad()pt Bulleiitl I publi%lied un 2 February 2016 dnd have iheretore not
ii1Lluded a Lds11 tluii. blaleil￿11[ iii Ihese t-llunLial suieii*nts.
Page 13

THE IVEsf BUCKL.4ND SCHOOL FOLTNDATION
NOTES TO THE FINANCIAL sfATEI¥IENTS FOR THE YEAR ENDED 31 JLILY 2023
Judgements
Tliere are no judgen*nl% which Ihe trustees have iikide in Ihe PT(Ke%s ot applying Ihe ¢lCL()Ulltllig
p()licie%.
K￿. source5 of estimation uncertain
Tliere are iio kei.. sources (Ft trillliulion unLVrtdiilt)' that bave a signifiL41nl risk of causiiig a iiuleridl
djusiiiriii to dssels dnd Imbiliiies to be diSLlosed.
Incolne and endoiiments
All lllLO11￿ IS TeL()giiiied OllLe the charilS' hJ5 enti1lvn￿llt to Ilie iIlLoine. it is PTnbable ihai ibe
iIILuiiie M.'ill be received Jiid the ￿]￿U￿t ot the inLOil￿ reLeii'able LaIi be i1￿￿ured rvlidbl)".
Donations and legacies
tkiiidlions are TeL()gniied ￿'hell the charits. has ￿en notified in ￿Ti￿ng of [￿}th the anu)uiit dnd
sellle1i￿￿t date. In the evvnt thdt a dO￿lI0n is subieLt lo Loiidilions that require a level of
perti)rtn£￿cv by the LhaTlt) t￿tore Ihe LhaTilJ' is eDliiled to the tunds-. the iiicoine is deferred dnd nut
TeL(IgTiii%ed uiiiil eiilier those Lundiiiuns are tullj" li￿t. or the tulfdii*iii of those Loiidiiioiis is wh(Illy
wiiliiii ilie Loiiirul ot Ihe Llwi15' ￿]d it is priTrbdbl¢ tkui Ihese Lundi(iutLS H"ill be fUIt-￿ed iii ibe
Te￿}rti1]g, peri(xl.
LegTaLy gitis are TeL()¥ni%ed a Ld5e bs. L￿￿ basi5 tolli)wing the gr￿lt of pri)bate when ihe
LU o) J ddiilllli5tratorlex¥Luior tur the estate has LOlilliiulliLdled iii 11.Titing tmltli the aiiK)uiii and seitleiiienl
date. lil the event thdt the gift 15 in the turni of ￿ ￿Set uiher than OT d flllaiicial dsset Irdded on
a TeL(IgTiiiied blLKk exLhange, reLiigTnili()n is NubieLt lo Ihe i'alue of the g7ifi t￿Ing rvliÉibls" iiied%urdble
(J (n ￿ willi a degree ot Te￿o￿ble dLLuf¢KJ' and Ihe lille lo Ihe dsset lul'li￿ ￿ell trdiisferred io ihe Llidrily.
Grants receivable
Graiiis &ire TeLI)gnisvd wheii Ihe ch￿7[5. hds an ell1iileIi￿lI[ to the tuiids- diid ¢lli)' LoI)dilions liiiked to
tliv gTdnls hdve beeii iiiet. Wliere perti}rn￿e Loiidiiions are alldLlied to the gTraiit diid are yel lo be
Inet. Ihe income is TeL()gniNed as a lidbilil). inLluded OI) the baldiiLe slieei as deferred ii)coiiie to
be Teledsed.
Doiiated services alldfacilities
Wliere services or t￿l11t1#S are pri)vided io the Lharit), as a dO￿tiOn ihai would n()Tnully be
PulLI￿Sed fruiii our %upplierK this benefit is inLluded in the fllunciai ststen￿llts. at it's fdir Vdlue
uiiless it's tair i'aIue Lannot be Telidblj. nrasured. Ihen at Ilie Losl lo Ilie doiior or tlie resale value ot
TIK)ds dial are to be sold.
Eipenditure
All e.1￿ndItUre is Tee()¥ni*d once there is a legal or lo￿￿tructive i)bligati()n to ihal ex￿ndInIre, it
is pr()bdble settle1i￿lIt IS Tequired the atwunt call be i1￿￿ured relidbls,. All Losts. are all￿￿ted
to the iwpli<ible eX￿ndI￿re hedding that aggrvg4ile sin]]1￿ Losts lo that Lateg()ry.
Raisiiigfuiids
Tliese are Lusls incurred in attraLting v(pluntJry income. Ilie tllanagvntnl ot llivestti]eiits alld iliose
iiicurred in trdding 2ciivities that raise ti]nds.
Page 14

THE IVEsf BUCKL.4ND SCHOOL FOLTNDATION
NOTES TO THE FINANCIAL sfATEI¥IENTS FOR THE YEAR ENDED 31 JLILY 2023
Charitable aclivi¢ies
Chdriuble ex￿ndin￿¢ conwrises those Losts incurred by the clwiry in ihe delivery of its aLtivities
aiid services tor its beiieticiaries. Ir inLludes tK>th L05ts Ihai cali be alliKated direLdy io sucli
aciiviiies ￿]d tthose costs ot an illdireci nalure neL￿Nd￿, to suptx)rt Iheiii.
Granlprovisions
Provisions tor gtanis are i]ude w'hen the intellTlOVI to IiEike a &y[￿lt hds iyen LoiiuiiuniLated to ihe
Tecipient bui diere is unLertdinl)' atM)ui eiiher the titning ot Ilie gr1￿1 or Ihe diwunt ot gTrdlli Pilydble.
Supwrt costs
Suppi)n Lo%ts inLlude Leiiirdl funLtions and knie all(Kated to dLtii'ii)" Lost LdtVgTiirie% where
LUSIS are %￿Lif1c￿lIS. illLurrvd. N1)n-%￿Lif]L Losts hdve not been ail(Kdted dgi11￿%1 dLtii'iles. whiLII is
LOllSiStent H.'iih previous )'edtS.
GoT¥ernance costs
Tliese inLlude ihe Losts. Jttribuidble to the Lhdrit) S Ll)iiu>lidllLe with Lollstiftltional dnd %tatut()ry
Tequiren*nl%. inLludin¥ audit. Strategic ￿￿ent￿l and trustees n]vetingT% dnd reiiiibursed
expenses.
c( z Taxation
Tlie LhdTitS.' is LUi15idered tu pas% the tVSts svt out II) Pl￿dgrdph I k.Iiedule 6 ot the FiiuiiLe ALI ?010
> z u diid iherefore it ineets tlie de1-￿Ill￿ll ot a Llidriuble Li)IllP¢inj" tur UK LI)TtM)fdll()n tax purp(i%es.
O <( < ALLI)rdingl)'. Ihe Lhatil). is p()ieniialls' exeii)pt troiii ts￿[10n ii) res￿LI ot ll]COii￿ or Lapltdl gains
received Th'ithin Cdlegi)rie% covered bj. Clidpier 3 Pdrt 11 ot Ihe Ci)rtM)T<ili()n Tdx Aci 2010 or
Sectioii 256 ot tlie Taxation ot ChdfgTedble Gaills Aci 1992. to Ilie exteni Ilui sucli llicoine or gains
dre dpplied exLlu%ivels tu Lliariidble purp()*%.
Tangible fixed assets
Iiidiwidudl tixed assels are initially reLor(kd at ci)M. less 2ny subsequ¢ni dLLunwldted depr¢¢iation
aiid lubsequent acLuAiiulated itry)4iirtnent losse&
Deprecialion and amortisation
DepreLi<iti()n is priTri'ided on I￿￿TIble t-Lxed ￿￿¥t5 bo ds Io WTite off Ilie Losl OT Vdludtii)ii, less Éiny
estiiiuted Te51d￿l fvdlue, over their ext￿L¢ed useful econoinjc life as follows:
Asset clL&s
Furnitiire equipn*nt
xed asset iniestments
Fixed assvt investi1￿n(s, other Ihdn pri1gTdnm￿ rela￿d invesllneiits. die included at iiurkel Vdlue <lt
tliv bdldnLe bheet dale. Redlised g44iliS and 105ses un inkvstn*ntS dre LalLulated ds ihe difterenLe
belweeii bales priKeeds aiid Iheir iiurket I'dlue at the Start ot Ihe )"edT. or Ilieir sub%equeni LiINf. djid
are chdr¥vd or Lrediled tu the Statenlent of Financial ALtiI'llieS in the ￿ri{KI of di%p()sai.
Deprecialion method and rnle
?5% 4traighi IiDe bdsis
u1￿ed115¥d gains and losses Tepre4ent the n]0veil￿nt in ￿￿k￿l Vdlues during ihe year and are
Lredited or Lhdrged tu the Suleli￿lit ot FinanLial ALiii.'itiei b￿#d oil the IiEirkei N'dlue dl il)e }edr
end.
Page 15

THE IVEsf BUCKL.4ND SCHOOL FOLTNDATION
NOTES TO THE FINANCIAL sfATEI¥IENTS FOR THE YEAR ENDED 31 JLILY 2023
Trade deblors
Trade debtors are Jiiy)unls due froii) LU5tomets tor n*rchaIidi￿ sold or senTices ￿rt()rn￿d iii ilie
11rdin4￿Y course ot. business.
Trd& debtors TeL()g1ii￿d initiall). at the trat￿LI10￿ PTiLe. They sub%equently niedsured <lt
di11)rt￿ed Lost usingF the efteLiive iniere5t i￿th{mI less prui.'isioii for iiiwdlrn￿l11. A pro)visio)11 fL)r
tliv inip£ilTllftit of ￿￿de debiors Is eSidblished ￿,he￿ There is i)bjeLlive evideiiLe that the Lhlirity will
nut be able to LulleLt all ￿lI0UnIS due dLLI)Tding to Ihe i)rigindl ternis ot the reLeiN'dbles.
Cash and cash equii"alents
Cds11 dnd L￿1] equii dienil LUIi]prise Lash un hdlld ull detThiLS. and other short-lvrm hi¥hly
liquid investi1￿￿￿5 that Teddii). LOnVVrtible to d known ￿l￿}unt of L￿h and die 4ubjeLt to dn
iIL8i¥niticant Tisk of chdnge In i'alue.
Trade creditors
Trd& Lredilurs are iibli¥¢lti(in% to Pdj. tur g(MKl% or seTh'.ices that hdve been ¢lLquired iii il)e i)rdiiury
course ot business troiii 5upplier￿ ALLuuntS Pdl'dble are Lla%sified as Lu[re￿ liabilities if ihe LliÉiriry
dues iiot an unLoiidiiiu￿l iigiht. at Ihe end ot the re￿)￿1￿￿, ￿[1(￿1. to defer seitle11￿1I[ L)t ihe
creditor tor at leasi twelve iij)iiilis atter Ilie retK)rting dale. It Iliere is an uncoiidiiioiLII riglil to deter
settleiiEiht tor at least twelve n￿n(￿S after the rvtx)rling dale. they are PTe%ented as noii-curreirt
Imbilities.
> z u Trd& Lrediiors are TeL()gni%ed inili4111)' at the traI￿actIOn PTiLe dnd subsequeiitly nEasured <lt
dJiN)rtis¥d Lost uslng the efteLtive interest nYthiNJ.
Page 16

THE IVEsf BUCKL.4ND SCHOOL FOLTNDATION
NOTES TO THE FINANCIAL sfATEI¥IENTS FOR THE YEAR ENDED 31 JLILY 2023
Fund structure
Uiwestricted inconr tunds are generdl tuimts thai are available t'or use at Ihe trustees discrelloii iii
turilierance ot tlie (TrbieLtii:e% ot Ihe LhdTiry.
ReblriLted incoii* tunds are i110se do￿ted for use In a pdrtiLular area or for %￿lfiL purtK)*s, Ibe
use ot w'liiLII is TestriLted tu thdl area or purp(lie.
Periiuieiii endOwn￿￿t tunds are Iliose dLquired IOT which Ilie tnistees hdve no tMlW'er Io Lonvert ihe
L<iPital intu inLonr and inLuIir is to be Used tor a speLifiL PUryM)se. Ihe use of wliiLIi is
TestriLled to Ihdt PUTtxiNe. The ternts ot the dLqUL%itii)n required the ¢id()ptii)n ot ihe loLIl Teturn
Ippr()ilLh tu invesft1]eiit Ihai the Ldpitdl should be pre￿ri.ed in relatioii lo intlatioii.
Financial instruments
Classificatio
FIn￿l￿1 assets Jnd ti￿nL￿1 liabilities are reLI)gnised when the Ll]iility b¥L'oli￿5 a Pdrty to ibe
LuiilraLtUdl proN'isloiis of tlie in5mJnient.
Fin￿L￿1 liabiliiies Jnd equits. instrUn￿nts are LlJ5sified aLL(ITding to ilie 5ubs'tsiiLe of ihe
LoiitraLtUdl entered into. An equitj. instru11￿1]t is an), LontrdLi ihal evidences a residudl
iiitere5t in the d55els of the chaTlt)' after deduLting all of ils liabilities.
c( z Recognition aiid measuremenl
LU o) J Ail fU￿1]cIal d55ets' Imbilities are iniliall). Iwasured at trdnklLliOn price linLludingi irdllsdLtion
> z u Liis1% I, exLept tor Iliose tilL￿cial ￿5¥t5 classitied as dt tair value thri)ugh pri)til or loss, wliicli are
O <( < initl<illy' iiEasured at tair i'alue IwhiLh is ni)TnullJ' Ilie [ra1￿CtIo11 price exLludiiig Iraiisactloll Lll%ts1,
(J (n ￿ uiiless tlie iIrrdn¥ren￿nt LO1￿litU[es d tiiunLing [ran￿LtI017. It dn drrang7en￿n[ Loi]51ituies a tIll￿)lIng
Irdlls<LeiiiTrn. the t-￿￿lIa1 asset ur tuwiLial li4ibiliiJ' is I￿asured at ilie prv*enl Vdlue of ihe fijture
Pilyiitnl% disLounted at a nwkvt rate of interest tor d Sllnildr debi in5tniii￿￿t.
Fil￿]Cial assets and liabiliiies are I)1￿5. otisei in the Stalen￿lit ot fil￿]Cial p)sAiii)ii wheii. aiid iiilly
wlieii ihere exists a legTdil) enforLedble right to svt uff the reLii¥iii%ed ainouiits diid il)e Lli<iri(y
iiitends eidier tu bet(le on a net b&s'i& or to reaiise the ￿Set diid seule ilie lilibility %lliiulL￿e()U￿Iy.
FIn￿l￿1 ￿set5 are d￿r￿1>￿T￿lIed when and i)niy when a) the LoiitrdLtual righL% lo ilie Lasli flows
froiii ihe fiiidiiLuI dsset expwe or are seTtled. bi Ihe Llurir). transfers to dnotlier part), %ub%Vdl)lially
all ot tlhe rlsks ￿ld rewards ot (DI￿)ershIP ot Ihe tiiLincial &%sei. or L I Ibe LI￿rit￿,. despile haiiiiig
retsllied soiiie, bui iiot all, Ni¥nitlLdnt risks and reii'ards ot l)WllVT%hip. I￿S Iraiisterred coiitrol ot ilie
Isset to dnoiher party.
FI￿c￿l liabilities dereci)gni*d ()nlJ' when the <)bligdtii)n speLified in ihe LuiitrdLt is
disLhdrgTvd, LdllLelled or expire&
Page 17

THE IVEsf BUCKL.4ND SCHOOL FOLTNDATION
NOTES TO THE FINANCIAL sfATEI¥IENTS FOR THE YEAR ENDED 31 JLILY 2023
Debt instruments
Debt insirun￿n1s whiLh n]vet the ti)Ilowing Lollditions are sub8¢qu¢lltly n]easuTed at dnK)rtised Lust
using The ettective interest nEthod=
(al The LontrdLwI Teiurn to the holder is l il a tixed anM)unt' lill a [M￿lI1ve fixed rale or a ￿KS111Ve
varuble rate; or liiil a COn￿l￿[lOll of a p(liirive or a negiltive fixed rdte and a [M￿lI1ve vdriable Tate.
Ibl Tlie LontrJLt Thy pri)iii(k tor Tep3v￿*￿t% ot Ihe prinL W411 or Ehe remrn to rlie holder Ibui not
b(ithi to be liA)ked to a Nin¥le relei'ani obsern'able llide.x ot geiierdl price iiitlaiioii ot Ilie LurreiiLs iii
whiLh the debt instrUn￿￿t is deni)minated. pri)vided SULh lit￿5. not leveraged.
ILI The LunlraLt may pri)vide tur a de1ern￿b1e v￿latIOn of the return to ihe holder during ilie life
of tliv instrun￿￿1, pr()vided thdt lil the new rate ￿li￿tieS Lulldition Idl diid the var￿tio1] Is nut
LiiiilingTenl on tuture ei'enls other Ihdn (l > a Lhdnge of a LontrdLtual N'druble Tate; 12110 pri)teL T ihe
li()Ider d¥dlIL%t Lredit deieriurJiion ot Ihe issuer. 13) Lhdnges in le￿ie5 dpplied b), a Leiitrdl bdi]k or
arisii)g troiii Lhaii¥es in Televant ￿￿tIon or Idll or i li I the Ile￿.. rdle is a iiurkel Tate ot inlere51 djid
lisfivs Londiliun ial.
Idl Tliere is no LontrdLrudl provision thdt Lould. by its teriiis. rvsuli in Ilie holder 108itigy ibe
c( z prinLiPdl ￿￿TrUnt or anj. lliieresi auribuiable to Ihe Lurrvnt ￿[lIK1 or prior pvriiKL%.
> z u lel ColltraLtUdl pruvi5iL)y]s that perniit the issuer lo prepay d debt instru11￿￿1 OT ￿rni11 ilie holder to
O <( < PUI it bJLk to ilie issuer before ￿￿1[11￿. not Li)ntiiigent uIi tu(ure ei.'enls. uiher thdii to pri)teL T ihe
iiolder il¥dlIL%t the Lredit dvteriL)rdtion of the i55uer ur <1 Lhdnge in Lontrol of ihe issuer. OT to priTrteLI
tliv Iiulder or issuer dgT<iitLSt change% In levies applied by a Lentrdl bai]k or arising from Ll)dii¥es 111
Telev￿[ ￿1101] or Idll..
It) CL)ntrdLtUdl prol isions tntl) pernllt the exien5ion of the terIii of the debi in%frUn￿￿t. priii'ided
tlidl ihe Teturn to ihe hulder and ans. oiher LoiitrdLlual proNisioThs dppliLable during ihe exleiided
teriii l<itistJ' the Loiidiiions (Ft para¥TTiwIL% lal to IL I.
Debt ii)struii*iiis tILIt are Lla5Sitied as pa)'¢ible or receii'able ii'.itliiii oIie veaT 011 lllitial reLiigTiiiti()n
aiid wliiLli ii*ei tlie a￿ve Loildilioi￿ are ii*asured ai Ilie undiscoullied aiiK>uiii ot die casli or otlier
LUilSideratioii ex[￿Cted tu be Paid ur reLeii'ed. net ot in]P<lini￿￿l.
With thv exeeption LFf hedgTing Instrun￿￿t5. Uther debi instnin￿￿ts not n*eiing ihese
Luiidiiions are ilfd%ured at tdir vdlue IhTI)u¥h pri)tii or luss.
Coiillllltli￿nis tu iiuke Jiid receii.-e lo￿5 which tneet the LotKlitiotLS n￿lItIoned alx)Ve dre n￿asUred
at Lust IwhiLh iiu5 be llill less in1p￿li￿￿￿I.
Page 18

THE IVEsf BUCKL.4ND SCHOOL FOLTNDATION
NOTES TO THE FINANCIAL sfATEI¥IENTS FOR THE YEAR ENDED 31 JLILY 2023
Inveslments
Investntnis in nun-Lonvertible pr¢fer¢nL¢ shares nOll-pu￿bIe i)Idinary or pr¢f¢ren¢¢ SI￿r¥S
(where sliares are publiLI) traded or dieir t'air value is reliabl), tnv41AufÉible l are ii]easured Élt tair
value ihri)ugTh priitit or loss. Where t'air value callnot ￿ li￿asUred reliÉibl)'. llivesttiieiits are
11]edsured at Lost less inipdlrn￿n[.
Fair value measuremenl
Tlie best evidence ot tair value is a qu()ted price tor an ideiiiical asset in an aciive iiurket. Wheii
qUl)i¥d priLes are U￿valIdb1¥. the PTiLe ot d rvLeDt tralL￿Cl1()n tur ￿ ideiitlLal dsset PTI}iiides
evideiiLe ot fair value as liin¥ as Iliere hds not ￿en d %igTnifiLdVIt LI]£inge iii eLoiiuiillL LifLuiiistsI)Les
or a %igTnifiLdnt Idp%e of llll]e billLe the trdnsJLiion twk pldLe. If the iiurkei is nol dLlive diid reLeiit
IrJnsdLtioiis ot an iden(iLal ￿￿et on Iheir 0￿7) are not a giMKI estiiiule ot fdir vdlue, Il)e fdir N'dlue is
esliiiuled by using a fvdluation teLhnique.
Page 19

THE IVEsf BUCKL.4ND SCHOOL FOLTNDATION
NOTES TO THE FINANCIAL sfATEI¥IENTS FOR THE YEAR ENDED 31 JLILY 2023
3 INCOME FROIII IKINATIONS AND LEGACIES
Llnrestricted funds
Dt5ignaled General
Restricled
funds
Tolal
2023
Total
2022
Donations Jnd legaLie
Do￿11￿n5 frutn individuals
Le¥aLies
Giti did TeL1dli￿1
Graiils. inLludin¥ C<iPital
grdllt%'
Gr￿t5 frutn other Lharities
Dundtvd servlces fraLilities
7.?8?
34.249
41.531
1?7.988
5.0(K
19.943
8.410
9.69)
?8.5(M)
83.011
28.5(M)
83.011
26.667
79.868
1 ?0.073
4?.659
167.73?
4 INCO￿lE FROI¥I OTHER TILIDING ACTIIITIES
Unreslricted
fullds
General
Re5tricled
funds
Total
2023
Total
2022
O <( < Tradingy inconr;
Sdles L)f giM)d% servlces
Other Irddin¥ incoii
Events inconr;
Other evenls incon
159
159
149
1.21K
8.970
769
9,739
8.510
9.1?9
769
9.898
9.859
5 INvEsT￿lENT INCOL¥IE
Unrestricted
fun(Ls
General
Endoiiinenl
funds
Pernwenl
Restricled
funds
Tolal
2023
Total
2022
Inlerest Teceivable dlld simil
liieoiiie.
Iiiterest TeLvivdble on bank
dep()%i1s
Other incoii)e frotn r￿ed ￿Set
iiives1ii￿ll15
1.705
67.791
70.298
61.886
1,705
69.491
3,007
62,243
Page 20

THE IVEsf BUCKL.4ND SCHOOL FOLTNDATION
NOTES TO THE FINANCIAL sfATEI¥IENTS FOR THE YEAR ENDED 31 JLILY 2023
6 EXPENDITURE ON RAISING FLTNDS
A) COSTS OF GENEILITING tM)NATIONS AND LEGACIES
LIDrestricled
funds
General
Total
2023
Total
2022
Other direLt L05ts ot generating vi)luntary' itiLOtt
10.693
10,693
11,713
B) INvEsT￿lENT TrL4NAGENIENT COSIS
Endoii"menl
funds
Pernwenl
Restricled
funds
Tolal
2023
Total
2022
Other inves1n￿￿t n￿g￿ll￿nt Lust
Adiillnislrdliuii ot the investi￿￿(5
12.467
594
13.061
12.138
12.467
594
13,061
12,138
O <( < 7 EXPENDITURE ON CHARITABLE ACTIVITIES
Unrestricted funds
Designated General
Restricled
funds
Tolal
2023
Total
2022
Note
Grdnt funding ot
dLlii'ilies
AIILKdtvd supwrt
LUSts
io
8J85
1?5.189
138,774
83,161
19.577
7.097
19.577
7.097
21.274
7,420
Gover￿nle Lusts
35.?59
1?5.189
165.448
111.855
Page 21

THE IVEsf BUCKL.4ND SCHOOL FOLTNDATION
NOTES TO THE FINANCIAL sfATEI¥IENTS FOR THE YEAR ENDED 31 JLILY 2023
8 OTHER EXPENDITLtRE
Unnstricled
funds
General
Total
2023
Total
2022
Stsff Losls
Wagies dnd ￿1￿leS
'ial %eLuritJ'
Peiisioii Lusts
tkpreLi<itiiTrn, dnK)lll￿tiull other sinlildf Los1s
7?.020
7.31J)
3.601
737
72.0?0
7.3￿)
3.&)1
737
70.043
6.445
3.380
217
83.748
83.748
80.085
Tlie staft. are enu)l()}'ed bs. West Buckland sch￿1. Tlie Chdrii) does t￿1 have ¢lliJ vnyli)yee%. Tlie
LUSt% bliowii the i.'Jlue ot the seri'iLes do￿ted bj. the sLhLK)l.
9 ANAL YSIS OF GOI'ERNANCE COSTS
LU o) J GOVERNANCE COSTS
Unnstricled
fun(ts
General
Total
2023
Total
2022
IiidqKtknkni e￿Ill￿er tevs
E￿I￿tIOn of the fu￿nCIal st4ilvments
7.097
7.097
7.420
7,097
7,097
7,420
Page 22

THE IVEsf BUCKL.4ND SCHOOL FOLTNDATION
NOTES TO THE FINANCIAL sfATEI¥IENTS FOR THE YEAR ENDED 31 JLILY 2023
10 GRANT-MAKING
Anall'sis of grants
Grants to institutions
2023
Grants to indiiiduals
2023
2022
Bursdries tor individuals
Additiuiul fundingi tur butS3ry Tecipients
Equlpn￿nt tur Wesi BuLkland SL'hLKII
We%1 BuLklaiid SL'hLK)l eli￿r￿le￿￿' tut¥J
Wesi BuLk1<U￿ SL'h(K)I hdr(L%hip lU￿j
96.129
5.267
15.055
2.833
?9.(rf17
16.138
40.(KM)
9.135
7.771
37.378
65.?73
101.396
17.888
To help the School during Ihe Covid-19 pandemiL. school tees tor the Foundation's bursary
gtudents had been paid in advance tor teffl￿ up io Summer 2022. henLe the lower figure in
Grdnis to individuals 2022.
LU o) J li NET INCONIINGIOLryGOING RESOLTRCES
O <( < Net liilll¥i)in¥llinLiTrn]in¥ resources tor the j'e1￿ illLludw.
2023
2022
tkpreLi<itii)n of fixed ￿se15
737
217
Page 23

THE IVEsf BUCKL.4ND SCHOOL FOLTNDATION
NOTES TO THE FINANCIAL sfATEI¥IENTS FOR THE YEAR ENDED 31 JLILY 2023
12 STAFF COSIS
Tlie &i￿re￿¢￿te Piiyri)11 Losls Bere as follow
2023
2022
Staff costs during the l.ear iiere:
Wages ￿la￿leS
72.0?0
70.043
'idl seLuriry Lusls
7.3￿)
6.445
Pen5iUii Losts
3.601
3,380
83.011
79.868
The staff are etnployed by West BuLkland School. The Chariti, does not have employees. The
C( Z Losts shown are The value ot. Ihe services donaied bj, the school.
> z u No perM)n TeLeived enN)lunYnls of n￿re thdn £th.(m during the y￿.
13 TRANSFERS
There was £1,138 of the unapplied total return of the petmanent endowment allocated to
income shown ￿'1[hin iransters, as deiailed in note 19.
Page 24

THE IVEsf BUCKL.4ND SCHOOL FOLTNDATION
NOTES TO THE FINANCIAL sfATEI¥IENTS FOR THE YEAR ENDED 31 JLILY 2023
14 T AXATION
Tlie LhdTiiy is a TegisteTed clJaTiI)' dnd is therefore exenwt fronit&xation on its charitable dLtivities.
15 TANGIBLE FIXED ASSETS
Furniture
and
equipment Total
Cost
Ai l August 2022
Additions
6.558
1.731
6,558
1.731
At 31 July 2023
Dep￿2(10￿
AI l AugTu%I 2022
Charge for ihe )ear
At 31 July 2023
> z u Net book I'alue
o At 31 July 2023
At 31 July 2022
8.289 8.289
5.2(V) 5,209
737
737
5.946 5,946
2,343 2,343
1.349
1.349
Page 25

THE IVEsf BUCKL.4ND SCHOOL FOLTNDATION
NOTES TO THE FINANCIAL sfATEI¥IENTS FOR THE YEAR ENDED 31 JLILY 2023
16 FIXED Ass￿ INVESTNIENTS
Listed
ini'estments
Total
larket ialue
At l August 2022
Revdludtion
InLoii* and Tr￿)SterS in
Mdlld¥ell￿l1[ Lhdrge% transters out
At 31 July 2023
2.443.224 2.443.224
194.2011 194,2011
70.?9)
70.299
(110.8461 1110.846)
? 308.476 2.308,476
Net book I'alue
At 31 July 2023
At 31 July 2022
2.308.476 2.308,476
2.443.??4 2.443.??4
Funher details ot each ini'eslment are disclosed in note 24. ￿'1th the reslricled tund iolalling
£2,187.649 and the tunds held ￿ i(hin the endom'ment tund iniestvneni toralling £120,827 whiLh
LU o) J in total is the above tigure ot £2u08.476. There was £l.IKK) still held wiihin the Endowrnent
> z u tund investment tund at 31 Jul5" 2023 above Ihe toral of the Endowmeni fund per the Statement
ot Financial ALtivities which is due to be trnnsterTed out at this date.
17 DEBTORS
2023
2022
Trd& debtors
PrepdyII*I)I
9.975
3.382
19.?50
2.352
13.357
21.(Kb2
18 CREDITORS: ANIOLNTS FALLING DUE 11:ITHIN ONE YEAR
2023
2022
Trd& Lreditors
ALLruals
9.014
7.430
8.967
8.431
16.444
17.398
Page 26

c£

THE IVEsf BUCKL.4ND SCHOOL FOLTNDATION
NOTES TO THE FINANCIAL sfATEI¥IENTS FOR THE YEAR ENDED 31 JLILY 2023
19 FUNDS (CONTINLTED)
The permaneni end0￿,ment 1st Michael's and .41an Ca￿) Fund) is inNested on a total return
basis, as Tequired bs, The donor. The donor ￿qUired that the tunds should be n]anaged so that
the Lapital is preserved in relation to intlaiion. The Trusrtts. took advice trom Iheir invesirnent
adi'isors, Srniih & Williamson, and the reiail priLe index has been used to calculate ihe inflation
measure up to 31 Jul) 2022, the Trusiees have iaken the decision 10 use the consumer price
index in Ihe year to 31 Jul) 2023. The dale ot the iniiial i.alue of the Irusi for investmeni and
the establishmeni date ot The iniiial value ot Ihe unapplied toial return was I l Ociober 2014. In
the year ended 31 Jul) 2023 an additional £6.186 has been added to ihe original gili Lomponenr
to satist5-. This Tequiremeni.
The inNe5tment fund aptAication of 10121 relurn
to ￿rni￿ne￿I endoiimenl fundk.
[Tnapplied
total return
E￿doiN.1￿en¢
Total
Opening value ot. endowii]enl:
Gift coii]tM)nent of perii]aneiit plus
infldtion as dt l Au¥u.%t 20?2
c( z Uiupplied tuldl Telurn
Total:
> z u Movei)ient in ll￿pplied iotal return and eihdowii)eni in
tliv y'e¢lr:
(J (n ￿ inveslIi*nt return.. dividends inlerest
Ini'eslIi*nt Temrn: reL(Igni%ed and u￿eLl)g￿Lsed
IdilLslili)Kse%i
InveslIi*nt IlUl)dgYeii*iir Losts.
Total:
96.057
96.057
22.778
22.778
118.835
96.057
??.778
3.(K)7
3.007
1283)
1283)
15941
2.130
11.1381
1594)
2.130
11,138)
Uii<ipplied tuldl Teiurn all￿￿ted to incon
Uii<ipplivd iutdl Teturn all(KJted to gift coiiy)nent for
iiifldlioii
6,186
16,1861
Net moTrement in the TetM)rting period
Cli)sing vdlue of ￿rn￿nt end0￿,￿rnI.
Gift ¢()nwneni of pen]L￿￿Ill endow7￿￿t ￿Tried
turwdrd
6.186
(5.1941
19921
102 ?43
102.243
Uiupplied tni31 relurn
Tothl
17.584
17.584
102 ?43
17.584
119.827
Page 29

THE IVEsf BUCKL.4ND SCHOOL FOLTNDATION
NOTES TO THE FINANCIAL sfATEI¥IENTS FOR THE YEAR ENDED 31 JLILY 2023
20 ANAL YSIS OF NET ASSEfs BETM"EEN FLTNDS
Total
Endoiiinent funds at
funds
31 Juli
Pern￿llent
2023
Unrestricled
funds
General
Restricled
funds
T<ingTible fixvd assels
Fixed assvt invesM￿niS
Current dssels
Curreiit liabilities
2J43
2.343
1?0.827 2.308.476
11,(KX)I
219,468
116.4441
2.187.619
181.175
15.51AII
39.?93
110.8i41
Toidl net asseis
30.787 2J63.?34
119.827 2.513.843
Total
Endoiiitlent funds at
funds
31 Juli
Pern￿llellt
2022
ITDnStricled
funds
General
Restricted
fun(ts
TdngTible fixed assels
Fixed asset investtnents
Current assets
O <( < Current Imbilities
(J (n ￿ Toldl net assels
lJ49
1.349
119.835 2.443.2?4
11,(XX)I
201,974
117.398
2J23389
165.9?3
18.5(11
37.051
18.8381
29.56? ?.480.752
118.835 2,629,149
21 ANALYSIS OF NETFL￿5
At l Augu51
2022
At 31 Julv
2023
Clsh flom"
Casli at bank ￿]d in ILllld
180J72
180J72
25.739
206.111
?06.111
Net fullds
25.739
At l Augu51
2021
At 31 Jul),
2022
C&sh flom
C￿h at bank in hdnd
154.252
?6.1_1)
180.372
Nei tunds
154.252
?6.1_1)
180.372
Page 30

THE IVEsf BUCKL.4ND SCHOOL FOLTNDATION
NOTES TO THE FINANCIAL sfATEI¥IENTS FOR THE YEAR ENDED 31 JLILY 2023
22 TRusfEES RENIUNEIUTION AND EXPENSES
No tru%tev%, nor ￿[￿()1L% Lo1￿eLled with theni. hdve reLeived any reniuDeration froni ihe LIvdTi(y
duriiigT ihe J'edr.
No tfUStees ILive received any reinibursed troiii Ilie LluTity during Ihe yedr.
23 RELATED PARTY TRANSACTIONS
Duringi Ihe J'ear the LharitJ' iiude the ti)Iliiwing related pary trdnsaLtiot]s:
West BucldaDd khool
Inidiigible iiicoii)ii)g resources (Ff £83.011 1 ?0?? £79.8681 repreNenL% the Lusts. of il)e serviees
duiuled b), West BuLki￿ld k.liwl Jnd tor ￿"hILh iio reiiilburseii￿[ll is rvquirvd. ddditiuiul
£28.￿K) is pr()I'ided bj. the k.liwl to Ihe Founddiion as a Lontribu(i()n to￿.￿d5 ddiiiiiiislrdtioii Lo%t%.
Duringi the )'edr the Foundation nude grants of £138.774 1 ?0)? _ £83.1611 to ihe SL'lI()ol. Ai ibe
baldiiLe blieei date the diiN)unt due to Wvsf BuLklatKI SLliwl w'as £9.014 (?02? _ 8.530).
Page 31

THE WEST BUCKLAND SC.HOOL FOITNDATION
NOTES TO THE FINANCIAL ST.4TEI¥1ENTS FOR THE YEAR ENDED 31 JULY 2023
24 INVESTMENTS - RESTRICTED BURSARY ￿1NDs AND ENDOWThIENT FUND
RESTRICTED ENDOWMENT
West
Buckland
SLhool
Foundation
FOlle￿￿e
Brisiow
Fund
Si Michael's
& Alan Carey
Fund
Bursary
Fund
Balance brought torward
Investments
C￿h held as pan of pontolio
lJ39.094
164.323
584.327
35.645
2.123.421
199.968
107.470
12.365
1.703.417
619.972
2.323.389
119.835
Transfers in
Interest
Dividends
Equalisaiion
Oiher income
Managerneni tees
LU o) J Transfers out
> z . Realised gainl{loss) on in%'estmenis
O <( . Unrealised (loss)Igain on investments
3.923
39.061
3.340
17.316
7,263
56.377
543
2,128
1.086
13.917)
{13.886)
1568)
122.679)
3.652
(12.467
(96.fv17)
1.337
(95255)
336
(594)
(1,138)
{429)
146
18J50)
182.761)
I.￿5
{72J76)
{116.432)
{19.308)
(135.740)
992
Balance carried forward
Investments
C￿h held as pan of pontolio
lJ3.037
23.948
591.143
9.521
2.154.180
33,469
118.642
2.185
I￿6.985
(ffi.664 2.187.649
120.827
There is £l.(K)O still held within the Endowment tund inVeStn￿nt ti￿d at 31 July 2023 alK>ve the totat
ot. the Endowment tund per the Statement ot" FinanLial ALtivities wlllLh is due to transterred out.
Page 32