REGISTERED CHARrtY NUMBER: 1106076
REPORT OF THE TRUSTF.F.S AND
UNAiIDITED FLYANCIAL STATEMENTS FOR THE YEAR Ef4DED 31 AUGUST 2022
FOR
TH8 ROYAL MASONIC SCHOOL FOR GIRLS

THE ROYAL MASOl+lIC SCHOOL FOR GIRLS
BtTriSARY FUND
Contents of the F&nancial Ststements for the
ear ended 31 Au
st 2022
Page
Report ofthe Trustees
Ito2
Independent Exatoiller's Report
Ststen)ent of Finaurial Actiyitieg
Balance Sbe¢t
Notes to the F7ll8llcial Stat¢ments
6t09
Detailed Statement of Finaucial Activities
io

THE ROYAL MASONIC SCHOOL FOR GIRLS
BURSARY FUND
Report of the Trustees for the year ended 31 August 2022
The ts￿e$ pr¢sent their report Hyth the fillancial staterrLents of the charity for tbe year ended 3 1 Augllst 2022. The
fJTJancxal ststements have been prepared in accordance with tbe applicable law al￿ Ullited Kingdom Account Stsndards
(United KingdollL Generdlly Ac¢ept¢d Accounting Practice) including FRS 102 Charities SORP.
Reference and admknistrntiv¢ detsils
Registered Charity uumber
1106076
Princtpal address
Rickmtnsworth Park
Rickm2n8WOrtb
HeLrfordshire
WD3 4HP
Trustees
P Dyke
S Stsite
I WiIliams
R Garvey
Independellt ¢Kaminer
Shivani Kot]Lari
Chartcrcd Accoulltant
9 Appold Street
London
EC2A 2AP
InvestJlleDt Manager
tnvestec We21th & Investment Ltd
2 Gresham Street
London
EC2V 7QN
Structure, G￿ven￿nCe 2nd Mall￿ge￿ent
Coverning doeument
The charity is controlled by its <foverning document, a deed of w and ¢onstitutes all uuillcorporated C]￿Lty.
Rtsk managemeut
The tn￿tteS have adutyts identifyandreviewthe risksto which the charity is ¢xposed alld to ensure approprith eontrols
re irnplace to provide reasonabIe assuzance against fraud and error.
Objeetives aDd Activities
Objectives and aims
The object of the charity is the Advan¢ellLent of education by the establisbm¢nt of a fimd to provide b￿SarieS for the
benefit ofaDy pupil, foThller pupil att(V0rpote￿IialpupII oftbe School who in the opinion ofthe Truste¢s requires financial
sistance to assist in tPLe fiwtheramoe or completion of their education.
Aehievernent and Performanee
Charitable activities
The Bursary Fund paid £19,095 [2021.. ll 1,664) of School burgaries duLing the year to pupils of the s¢hool.
Page I

THF ROYAL MASONIC SCHOOL FOR GIRLS
BURSAKY FUND
Report of the Trusttts for the year ended 31 Augutt 2022 (¢ontinued)
Fin#ucial review
Reserves poliey
The charity produces regular budgets, mallagement accounts and forec&sts to ¢nsure that it has sufficient res¢ryes to
continue to opeme. Currently reserves are at a level of £1.071,054 (2021-. £1,110,981). which is deemed adequate to
support th¢ ciwity for the foreseeable fiiture.
Public BeFJefit
The TnLStee s have complied with the duty in section 17 of the Charities Act 2011 to have due regaTd for the Charity
C¢)n]missi¢)n's g¢neral guidance on pubti¢benefiL 'Charities and Public Benefit.,. includingthe guidanc¢'Public Benefit:
Running a Chaxity (PB2)'.
The Trustces are responsible for preparing the Trustee, Report and the fJnanGial statements in accordance with applicable
law and United Kingdo]n Accounting Stand￿ Iunited Kingdom Generally A￿epted Accounting P￿ctiCe.)
The law applicabl¢ to charities irA Engldnd & Wales required the trustees to prepar¢ financial statements for each finon¢ial
year which giv¢ a true and fairview of the State of the affairs ofthe charity aod of the incoming resowces aDd application
of rcsources of the charity for that period. In preparing these financial statem¢nt4 the tn￿let9 are requirtd to:
Select suitable accounting policies and then apply tbem consistently.
Observe the methods aDd principles oll the ChaTities SORP,.
Make j￿dgemellts and estitnates that ar¢ reasonable and prnden¢
State whether applicable 2ccountin(r staTKlarts have been followe4 subj¢rtto any ￿aterial departures disclosed and
explained in the financial gtatements..
Prepare the thancial statements on tbe going concem basis unless it is inappropriate to presume that the charity will
continue iti business.
The In￿tteS are responsIbl¢ for keepino
proper accounting r￿ordS that disclose with reasonAblc accuracy at aDy time the
financial position of the charlty and enable them to eDsur¢ that the financial statements comply with the Charities Act
2011. They 8¢ also respousible for safeouarding the <t&sets of the ch￿lty and hence for tsking r￿Onable steps for th¢
prevention and d¢t¢ction of frauds and other irr¢gularities.
28 April 2023
Approv¢dby order of th¢ board of trustees on............................................. and SI￿)ed on its behalf by:
S StaÈte- Trnstee
Page 2

**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ROYAL MASONIC SCHOOL FOR GIRLS BURSARY FUND** 

I report on the accounts for the year ended 31 August 2022 which comprise the Statement of Financial Activities, Balance Sheet and related notes set out on pages four to nine. 

## **Respective responsibilities of trustees and examiner** 

As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). 

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. 

## **Independent examiner's statement** 

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that: 

1. Accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 

2. The accounts do not accord with those records; or 

3. 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. 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 


Shivani Kothari Independent Examiner For and on behalf of Moore Kingston Smith LLP 

9 Appold Street London EC2A 2AP 18 May 2023 Date: ............................................. 

Page 3 



THE ROYAL MASONIC SCHOOL FOR GIRI
BURSARY FUND
Ststement of Financial Actrviti¢5 for the year ellded 31 August 2022
2022
2021
Total
Total
Unrestrietcd Ullrestri¢ted
funds
Funds
Note5
Income from:
DonatiortYfrDm."
Dollations received
Investmernt itieome
59,726
14,543
82,770
12,700
Total
74,269
95,470
Expenditure oll:
RaisingfvFzds.'
Investmcnt mauager fees
CharitAble acti￿tt¢S
4,239
21,840
4.024
34.159
Total
26,079
38.183
Net gainl(108s) on investsnellts
155 893
Net moY¢meDt ￿ndS
(39,927)
213,180
Totsl Unrestricted fllDds at 31 August 2021
1.110.981
897.801
Totsl Unrestrict¢d fuuds at 31 August 2022
1071,054
1 110981
All gains and losses arising ID the period are included the Statement of Financial Activities aris¢ from continuing
operations.
The uotes on pages 6 to 9 forEn part of the fiuancial statements.
Page 4

THE ROYAL MASOIYIC SCHOOL FOR GIRLS
BURSARY FUI¥D
BalaDee Sheet 8t31 August 2022
2021
202E
Total funds Total funds
Not¢5
Fixed assets
Investm¢nts
836277
928,633
Currtut Assets
Debtors
C&8h at bank
37.565
199.957
15,559
169284
237,522
184,843
Creditors
Amounts falling due within on¢ ye
(2,745)
(2,495)
Net ellrrent assets
234.777
182.348
Total assets kss eurrent liabilities
1.071,054
1.110,981
Net assets
,071,054
1 110,981
FuDds
Unrestricted funds
1.071,054
1 110.981
Totsl funds
1,071,054
1,110981
The notes on pages 6 to 9 foEm part of the finau¢ial statements.
28 April 2023
The financial stateEnents were approved by the Board of Trustees OJ............................................. attd w¢r¢ signed on its
behalf by:
S Stsite-Tntstee
Page 5

THE ROYAL MASONIC SCHOOL FOR GIRLS
Notes to the finanelal Ststernents for the y¢ar ended 31 August 2022
Aeeounting poJieie5
Basis of #CCOUDting
The f￿¢la1 statements have been prepared in accordance Thith the Financial Reporting Standard app]ic8ble in
the UK aud Repub]ic of treland IFRS 102), 3ncludin(T Update Bulletin l. The Chartty is a pllblic benefit entity
for the purposes of FRS 102 and therefore the chdrity aIs0 prepared its financial statements ill accordance Mitb
the Statement of Recommended Practice applitrable to chatities preparing tbeir a¢count8 in ac¢ordance the
Finan¢ial Reporting St2ndard applicable in the UK and Republic of Ircland (The FRS 102 Charities SORP) 8J]d
the ch￿ltieS Act 2011.
The financial statements are prepared in sterling. which is the fi]nctional currency of the ￿MpanY. Monetary
amounts in these finaneial statements are rouud¢d to tbe nearest pound.
The principle accounting policies adopted in the preparation ofthe f￿ancial ststemeDts are set out b¢low.
Going Concern Basts
The trustees have assessed whcther the use of the troillg concern basis is appropriate andhave considered possible
evellts or GonditioDS t]￿t miJ(r t cast sigDifirant dollbt tbe dbility of the Charitable entity to continue a5 a going
conctm. The trustees have made this assessment for aperiod of dt least one yezr frojn the datc of approval of the
financiat statements. In particularthc trustees have consideTedthe Lharitable enlity's foreaasts andprojections aud
have iaken a￿O￿lt of pressures on donation alld investtnent income. After making enquiTies thc Irustees have
¢oncluded that there is a reasonable expectstion that the Ch￿l￿ble entity has adequate resources to continue i
opeFdtiOTLal existence for the forcseeable future. The charithble entity therefore colltinues to adopt the goillg
conc¢rn basis in preparing its financial statements.
The Trustees have reTriewed any possibl¢ impacts tts the going conc¢rn of the Bursary Fund as a result of COVID
19, and not aware of any factors that would affect the going concern of the charity.
Incoming resources
tncume is ¢redited to the Stslemcnt of Finall¢Eal Activities arl a¢¢rudls basi$ when tbere 15 entitlement to tbe
fi￿ds. the receipt ts probable and thc amount Can be measured re]iably.
R￿D￿reeS expended
Expenditure is accounted for on an accruals basis has been classified under Ileadings that aggregate all cost
lated to th¢ category. Ilbere costs c8nTtot be directly attributed to particular ht&diw they have been allocated
to activities on a basis consistent with th¢ use of resourGes. Gr￿ts offtred subjeLt to conditions which have not
been ￿tt at the year end date are notsd a con]mittneTrt butnot accnLed as expellditure.
Taxatioll
The CTr￿1ty ts exempt from t&x on its Ch￿itable acti￿tIes.
Fulld #CCOUDting
The unrestrictedfunds Consists ofthose funds whichthe charttyrnay use in firtber&uce of its ¢baritsble objectives
at tbe dis￿10￿ ofthe Trustees.
Cash and Cash Eqllivalents
Cash and cash eqUi￿l¢llts include cash at bank5 aJ)d in halld arld short terni deposits with amaturity date ofthree
rnooths or less.
Enve5tm¢nts
tnvesttllents are statsd &% rnarketvalue, the aggregate ofandrea]isedoruDrealistdgains or losses beingTecogDised
ID tbe Stst¢ment of Financial Activiti¢S.
Page 6

THE ROYAL IWIASONIC SCHOOL FOR GIRLS
Notls to the financi81 ststrments for the year ellded 31 August 2022 (continued)
Finan¢i#l instruments
The cbarity has elerted to apply the provisions of Section I I 'B￿le Fiuanciat Instrurnents, of FRS 102 to all of
its financial instruments. Fillancial instrwneDts are recoguised in the eompally's balanc¢ sheet when the company
becomes paty to the contractual proNisions of the instrumenL Financial t$5ets and liabititie$ are offset the
net anwunts presented in the finau¢ialstateEnents, whenthere is a legallyenfor¢¢ablerigbtto set offthe reco￿lsed
amounts and (here 1$ an intentionto settle on 2n£tbasis ortorealise the 18setaDdsettle the liabilAtysimultaneou51y.
Critical aeeounting esti￿aleS and areas of jlldgemellt
tn the ￿eW of th¢ ￿Ste¢S ill applying the accouniing polici¢s adoptsl no critical accounting estimates and
judgements were reqU￿d that have a sigtiifiwt cffect on the amounts recogjised in the statements nor
do #ny estimaies or assumptions made carry a significant risk of material adji]stULent in the next fmancial year.
Investment ancome
2022
2021
Other fixed asset investtllents
Otber fixed asset investtuents- UnFtI
1,922
12,621
14,543
1,770
10.930
12,700
Bursaries
2022
2021
Bursaries
GOv￿nance costs (see below)
19,095
2.745
21,840
31,664
2,495
34,159
Govern2nce costs
2022
2021
Accountiti(T f¢e5 (independent examinatiorn)
2.745
2,745
2,495
2,495
Employees
The charity ]Las ncTr enjployees (2021Toue).
Page 7

THE ROYAL D*tASONIC SCHOOL FOR GIRLS BURSARY FUND
Notes to the Financial Ststeffjents for the year ejjded 31 August 2022 (coutinued)
Fixed asset investments
Ltsted
aDYestments
2022
Listed
investments
2021
Market Value
At I Septernb¢r 2021
Additions
Disposals
Revaluations
896.47J
96,836
(75,775)
(88,117)
829,417
744,961
143,821
(147,843)
155,5J4
896,473
Cash
6,860
32.160
Ai 31 August 2022
836,277
928.633
2022
2021
Historic cost of iuvestsnents
667,509
637,483
Debtors: Amounts falling due within olle year
2022
2021
The RoyaI Masonic School for Girls
OtberDebtors
37.565
15,559
37,565
15,559
Page 9

THE ROYAL LI￿AsONIc SCHOOL FOR GtRLS BIJRSARY FUND
Notes to the Financial Ststernents for the year ellded 31 Augllst 2022 (continlled)
Credttors: Amount falling wlthin due within oue year
2022
2021
Other credito
2,745
2,495
2,745
2,495
I￿*veMent Funds
Brougbt
fonvard
fi￿dS
Gatlld(Loss) Carried
forW￿d
FL￿dS
Income
E￿endi￿￿e
illvestnent
UDrestricted fi]nds
1.110.981
74269
(26,079)
(88,117)
1,071,054
Totsl Funds
1.110 981
88.117
Related party traDsa¢tions
No tntstees received remuneration orreimbursed expenses during the year (2021: Dil).
io.
Finaneial and Capital Commitments.
The charity has llo outstanding financial or capital conllnitments.
UltimAte Controlling Party
The charity is a subsidiary undertaking of The Royal ￿oni¢ School for Girl$ (charity nujnber 276784). a
Ch￿itable company incorporated in England and Wales (cornpany number 01339867), but way of its shared
Trustees. The registered adthss of th¢ ch￿itable co￿panY is Rickntallsworth P￿K RICk￿d￿s￿Orth.
HertfOr￿￿ir¢. WD3 4HF.
Th¢ ¢h￿lty has taken advantage oftbe exejnption und¢r FRS 102 of disclosing anyrelatedpaty trank%tions with
its pa￿nt
Page 9

THE ROYAL IVtASONIC SCHOOL FOR GIRLS
BiIRSARY FUND
Detailed Stste]nent of FiDanci21 Activities for the year ended 31 August 2022
2022
2021
Income from:
Donationg from
Donations
Gift aid
59,726
71,628
11,142
59.726
82,770
Investment iDeome
Investment income- Fti
tDvesth¢nt illcome- UDFU
1.922
12.621
1,770
14.543
12.700
Total illeome
74,269
95,470
Expenditure on:
Charitable ACtÈvities
Grants to individuals
19,095
19.095
31,664
GovenEAnce costs
Accountancy
Investrment Jnanagement f¢es
2,745
4.239
2,495
4,024
Total e￿endItllre
26.079
38,183
F4et tntome befor¢ gains and losses
48.190
57,287
GginllLo$s) olinvestment
Ga1￿1[Lo$S) on fixed asset investments
(88,117)
155.893
Net ipJton)el(Loss)
(39,92
213,180
P￿e 10
This doe5 not forrD part of the statutory financial statements