Charlty number: 1096750
SIR WILLIAM BORLASE'S GRAMMAR SCHOOL FUND
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

SIR WILLIAM BORLASE'S GRAMMAR SCHOOL FUND
CONTENTS
Page
Refarance and Administrative Details of the Charlty, Its Trustees and Advlsers
Trustees, Report
Independent Examinerfs Report
statement of Flnanclal Activities
Balance Sheat
Notes to the Financial Statements
9-16

SIR WILLIAM BORLASE'S GRAMMAR SCHOOL FUND
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 AUGUST 2024
Trustees
Mr l Duguid (resigned 26 March 2024)
Mr A Handford
Dr P Holding (resigned 26 April 2024)
Mr R Krajevtski (resigned 25 March 2024)
Mrs C Redcliffe (resigned 20 September 2023)
Miss S Cooper, Chair {appointed 24 March 2024)
Charity reglstered
number
1096750
Principal office
West street
Marfow
Buckinghamshire
SL7 2BR
Accountants
Carina Ralfs
MHA Chartered Accountants
Building 4
Foundation Park
Roxborough Way
Maidenhead
SL6 3UD
Bankers
Lloyds TSB Bank plc
Marlow
SL7 1AJ

SIR WILLIAM BORLASE'S GRAMMAR SCHOOL FUND
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
The Trustees present their annual report together with the financial statements of the Charity for the year 1
September 2023 to 31 August 2024. The Trustees confirm that the Annual Report and financial slatements of
the Trust comply with the current statutory requirements, the requirements of the Trust's governing document
and the provisions of the Charities SORP 2019 (FRS 102) and Charities Act 2011.
Objectives and activities
Strategies for achieving objectiyes
The Trust Fund has been established to aid in the advancement of education at Sir William 8orlase's Grammar
School by way of assisting in the provision of facilities for the pupils. It also supports pupils that require financial
assistance for educational supplies. trips or school activities.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance
published by the Charity Commission relating to public benefit. including the guidance 'Public benefit.. running a
charity (PB21'.
Achlevements and performance
Review of activities
The School Fund is available to be drawn down by Sir Wiliam Borlase's Grammar School to supplement any
pupil whose families need financigl assistance to cover the cost of school activities (where contributions may be
sought from parents) which have not been fully covered by the school. It also available to fund ad hoc payments
agreed by the school over the academic year to support educational activities and initiatives and to collect and
distribute monies for the Here & Now fundraising campaign as these continue to arrive.
Investment policy and performance
In accordance with the Trust Deed the Trustees have power to tnake investments as they see fit.
The Trustees do not Gurrently intend to invest the funds of the Trust other than in deposits with approved banks.
The School Fund's results for the year and its financial position are shown on pages 7 and 8 of these financial
statements.
Financial review
Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate
resources to continue in operational existence for the foreseeable future. For this reason, they continue to aFlopt
the going concern basis in preparing the financial statements. Further details regarding the adoption of the going
concern basis can be found in the accounting policies.
Reserves policy
The Trustees hold reserves to support future provision of facilities for Sir William Borlase's Grammar School. At
the balance sheet date total unrestricted reserves were £360,825 (2023: £769,612). A number of large
infrastructure projects were planned for the academy 400th anniversary in 2024 and Trustees used reserves to
support building projects for which the fundraising has been collected.

SIR WILLIAM BORLASE'S GRAMMAR SCHOOL FUND
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Financial position
The year to 31 August 2024 produced an overall deficit of £543,537 (2023: overall deficit of £84,389). Incoming
resources were £200,354 (2023.. £310,351) and resources expended to support capital projects at Sir William
Borlase's Grammar School were £743,891 (2023: £392,740).
Grant making policy
The school fund policy is that it gives a number of grants of up to £200 to pupils as sports and arts awards. The
level of these is dependent upon the availability of funds in any given year.
Structure, governance and management
Constitution
The principal object of the charity is to advance the education of pupils by providing and assisling in the provision
of facilities to the school curriculum and environment not normally met from DfE funding including in such areas
as sports and performing arts.
Sir William Borlase's Grammar School Fund is an unincorporaled Trust Fund which was registered as a charity
in the United Kingdom on 28 March 2003 under number 1096750.
The Declaration of Trust Deed govems the activities of the charitable trust. Its adm inistration is the responsibility
of the Governing Body who for the purpose of the charity law and throughout this report are collectively referred
to as the Trustees.
Methods of appointment or election of Trustees
The managemenl of the Charity is the responsibility of the Trustees who are elected and co-opted under the
terms of the Trust deed.
Risk management
The Trustees have assessed the major risks to which the charity is exposed, particularly those related to the
operations and finances. They have developed systems to monitor and control these risks, including the
appointment of a Finance Working Group, to mitigate the impact that any risks identified may have on the future
of the Trust Fund.
Trustees
The Trustees who served during the year are shown on page 1.
The Board of Trustees comprises a number of Marlow Education Trust Trustees (of which Sir William Borlase's
Grammar School belongs) whose members are appointed, elected and inducted following the academy articles.
Decisions made at Marlow Education Trust meetings are recorded and published following academy procedures
and are a matter of public record.
Plans for future periods
The charity will continue to support the development of onsite facilities, student financial support, additional
educational resources and supplies and any area of spending linked to the school vision.

SIR WILLIAM BORLASE'S GRAMMAR SCHOOL FUND
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Statement of Trustees. responsibilities
The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for
each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources
and applicalion of resources, including its income and expenditure, for that period. In preparing these financial
statements, the Trustees are required to:
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP (FRS 102).
make judgments and accounting estimates that are reasonable and prudent-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material
departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume thal the
Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity
and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity
{Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for
safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
Approved by order of the members of the board of Trustees on 16 June 2025 and signed on their behalf by:
Miss S Cooper

SIR WILLIAM BORLASE'S GRAMMAR SCHOOL FUND
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
Independent Examiner's Report to the Trustees of Sir William Borlase's Grammar School Fund
('the Charit￿)
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 August
2024.
Responsibilities and Basis of Report
As the Trustees of the Charity you are responsible for the preparalion of the accounts in accordance with the
requirements of the Charities Act 2011 ('the 2011 Act'}.
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and
in carrying out my examination I have followed the applicable Directions given by the Charity Commission under
section 14515)(bl of the 2011 Act.
Independent Examinerfs Statement
Your attention is drawn to the fact that the Charity has prepared the accounts 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} in
preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April
2005 which is referred to in the extant regulations but has been withdrawn.
l understand that this has been done in order for the accounts to provide a true and fair view in accordance with
the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confimi that no 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 Charity as required by section 130 of the 2011 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 fairt view which is not a matter considered as part of an independent
examination.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached.

SIR WILLIAM BORLASE'S GRAMMAR SCHOOL FUND
INDEPENDENT EXAMINER'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
This report is made solely to the Charitvs Trustees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might stste to the Charitys
Trustees those matters l am required to stste to them in an Independent Examiner's Report and for no other
purpose. To the fullest extent permitted by law. I do not accept or assume responsibility to anyone other thafj the
Charity and the Charitys Trustees as a body. for my work or for this report.
Signed:
Dated.. 17 June 2025
Carina Ralfs
Msci (Hons) PhD FCA
MHA
Building 4
Foundation Park
Roxborough Way
Maidenhead
SL6 3UD

SIR WILLIAM BORLASE'S GRAMMAR SCHOOL FUND
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2024
Unrestricted
funds
2024
Restricted
funds
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Donations and legacies
Charitable activities
Investments
120,696
14,971
95
64,592
185,288
14,971
95
310,198
153
Total income
135,762
64,592
200,354
310,351
Expenditure on:
Charitable activities
544,549
199,342
743,891
394, 740
Total expenditure
544,549
199,342
743,891
394, 740
Net movement in funds
(408,787)
(134,750)
(543,537)
(84,389)
Reconciliation of funds:
Total funds brought forward
Net movement in funds
769,612
(408,787)
134,750
(134,750)
904.362
(543,537>
988, 751
(84, 389)
Total funds carried foNard
360,825
360,825
904, 362
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 9 to 16 fonn part of these financial statements.

SIR WILLIAM BORLASE'S GRAMMAR SCHOOL FUND
BALANCE SHEET
AS AT 31 AUGUST 2024
2024
2023
Note
Fixed assets
Current assets
Debtors
Cash at bank and in hand
10
178,338
182,487
731,076
177,385
360.825
908,461
Creditors.. amounts falling due within one
year
(4,099)
Net current assets
360,825
904,362
Total assets less current liabilities
360,825
904,362
Net assets excluding pension a?set
360.825
904.362
Total net assets
360,825
904,362
Charity funds
Restricted funds
13
134, 750
769,612
Unrestricted funds
13
360,825
Total funds
360,825
904,362
The financial statements were approved and authorised for issue by the Trustees on 16 June 2025 and signed
on their behalf by-
Miss S Cooper
The notes on pages 9 to 16 form part of these financial statements.

SIR WILLIAM BORLASE'S GRAMMAR SCHOOL FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
General information
The Charity is an unincorporated charity registered in England and Wales (Charity number 1096750}. The
address of the principal office is West Street, Marlow, Buckinghamshire, SL7 2BR.
Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102)
Accounting and Reporting by Charities.. Statement of Recommended Practi￿ applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard
applicable in the UK and Republic of Ireland {FRS 1021 and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair. view and have departed from
the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true
and fairf view. This departure has involved following the Charities SORP (FRS 102) published in
October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended
Practice effective from 1 April 2005 which has since been withdrawn.
Sir William Borlase's Grammar School Fund meets the definition of a public benefit entity under FRS
102. Assets and liabilities are initially recognised at historical cost or transaction value unless
otherwise stated in the relevant accounting policy.
2.2 Going concern
The Trustees assess whether the use of going concern is appropriate, i.e. whether there are any
material uncertainties related to events or conditions that may cast significant doubt on the ability of
the charity to continue as a going concern. The Trustees make this assessment in respect of a period
of one year from the date of approval of the financial statements and have concluded that the Charity
has adequate resources to continue in operational existence for the foreseeable fulure and there are
no material uncertainties about the Charity's ability to continue as a going concern, thus they continue
lo adopt the going concern basis of accounting in preparing the financial statements.
2.3 Income
All income is recognised once the Charity has enlitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Gifts in kind donated for distribution are included at valuation and recognised as income when they
are distributed to the projects. Gifts donated for resale are included as income when they are sold.
Donated facilities are included at the value to the Charity where this can be quantified and a third
party is bearing the cost.

SIR WILLIAM BORLASE'S GRAMMAR SCHOOL FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policies (continued)
2.4 Expenditure
Expenditure is recognised once there is a legal or construclive obligation to transfer economic benefit
to a third party, it is probable that a transfer of economic benefits will be required in settlement and
Ihe amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs
of each activity are m9de up of the total of direct costs and shared costs, including support oosts
involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly
to that activity. Shared costs which contribute to more than one activity and support costs which are
not attributable to a single activity are apportioned between those activities on a basis consistent with
the use of resources.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the Charity., this is normally upon notification of the inlerest paid or payable by the
institulion with whom the funds are deposited.
2.6 Debtors
Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the
amount prepaid.
2.7 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
2.8 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet dale 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.
2.9 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value.
2.10 Property
The Charity does not own any propety in its own right but school premises are used for fund raising
activities. No amount is included in Ihe Statement of Financial Activities for the value of this donated
resource to the Charity.
10

SIR WILLIAM BORLASE'S GRAMMAR SCHOOL FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policies (continued)
2.11 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the Charity for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Income from donations and legacies
Unrestricted Restricted
funds
funds
2024
2024
Total
funds
2024
Donations
120,696
64,592
185,288
Unrestricted
funds
2023
Restricted
funds
2023
Total
funds
2023
Donations
172, 208
137,990
310,198
Income from charitable activities
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Income from charitable activities
14,971
14,971

SIR WILLIAM BORLASE'S GRAMMAR SCHOOL FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Investmenl income
Unreslricted
funds
2024
Totsl
funds
2024
Tot81
funds
2Q23
Interest receivable
95
95
153
Analysis of expenditure on charitable activities
Summary by fund type
Unrestricted Restricted
funds
funds
2024
2024
Total
2024
Direct costs
544,549
199.342
743,891
Unrestricted
funds
2023
Restricted
funds
2023
Total
2023
Direct costs
2,000
392, 740
394, 740
Analysis of expenditure by activiti•s
A¢tiviti•s
undertaken
directly
2024
Total
funds
2024
Total
funds
2023
Direct costs
743,891
743,891
394, 740
Total 2023
394, 740
394, 740
12

SIR WILLIAM BORLASE'S GRAMMAR SCHOOL FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Independent examiner's remuneration
2024
2023
Fees payable to the Charitys independent examiner for the independent
examination of the Charitvs annual accounts
Fees payable to the Charitys independent examiner in respect of=
Accountancy assistance
2.090
2, 000
975
Trustees. remuneratlon and expenses
During the year, no Trustees received any remuneration or other benefits (2023- £NIL).
During the year ended 31 August 2024, no Trustee expenses have been incurred (2023 - £NIL).
10. Debtors
2024
2023
Due withln one year
Due from Sir William Borlase's Grammar School (Marlow Education Trust)
178,338
731,076
178,338
731,076
11.
Creditors: Amounts falling due within one year
2024
2023
Accruals and deferred income
4, Q99
12.
Financial instruments
2024
2023
Financial assets
Financial assets measured at fair value through income and expenditure
182,487
177,385
Financial assets measured at fair value through income and expenditure comprise cash at bank.

SIR WILLIAM BORLASE'S GRAMMAR SCHOOL FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
13. Statement of funds
Statemènt of funds - current year
Balance at 1
September
2023
Balance at
31 August
2Q24
Income Expenditure
Unrestrictad funds
General funds
769,612
135,762
(544,549)
360,825
Restricted funds
Phase 2
134,750
44,592
20.000
(179,342)
(20,000)
Refectory
134,750
64,592
(199.342)
Total of funds
904,362
200,354
(743.891)
360,825
The purpose of the Phase 2 Restricted Fund is to achieve three objectives. Firstly, to renovate and
improve the school's refectory including increasing the seating and seNing capacity, secondly, the
creation of an additional science classroom and lastly, the transforming of the school hall into a Sixth
Form Centre including a sixth form cafe.
14

SIRWILLIAM BORLASE'S GRAMMAR SCHOOL FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
13. Statement of funds (continued)
statement of funds - prior year
Balance at
1 September
2022
Balance al
31 Augusl
2023
Income Expenditure
Unrestricted funds
General funds
599,251
172.361
(2, 000)
769,6t2
Restricted funds
Phase 2
389, 500
137,990
(392, 740)
134,750
Total of funds
988, 751
310,351
(394, 740)
904, 362
14.
Analysis of net assets between funds
Analysis of net assets between funds - current period
Unrestricted
funds
2024
Total
funds
2024
Current assets
360,825
360,825
Total
360,825
360,825
Analysis of net assets between funds - prior period
Unrestricted
funds
2023
Restricted
funds
2023
Total
funds
2023
Current assets
Creditors due within one year
773,711
(4, 099)
134, 750
908,461
(4,099J
134, 750
904,362
Total
769,612
15

SIR WILLIAM BORLASE'S GRAMMAR SCHOOL FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
15. Related party transactions
At the year end. included in debtors is a balance of £173.338 (2023: £731,076) owed from Sir William
Borlase's Grammar School, an Acaderny within Marlow Education Trust where the Trustees collectively
control the Charity.
16. Controlling party
The Charity is under the collective control of the Trustees of Marlow Education Trust which is a Multi
Academy Trust including Sir William Borlase's Grammar School.