THE ANGLO CZECH EDUCATIONAL FUND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2024 Registered Charity No: 1110348 INDEX Page Trustees. Report Independent Examiner's Report to the Trustses Statement of Financial Activities Balance Sheet Notes to the Accounts THE ANGLO CZECH EDUCATIONAL FUND TRUSTEES, REPORT YEAR ENDED 5TH APRIL 2024 The Truslees have pleasure in presenting their Annual Report and Accounts for the year ended 51h April 2024 which are prepared in accordance wrth the Stalemenl of Recommended Practice.. 'Accounting and Reporting by Charities". Legal and Administratlve Infom)ation The full name of the charity is The Anglo Czech Educat￿n81 Fund, and the registered charity number is 1110348 The Charity's governing d¢xument is a Declliration of Trust dated 24Lh March 2005. The registered address of the charity is 45 Casue Street. Salisbury. SP13SS. Trustees V Hyks-Dyer S Rawlence {resigned 18 06.2024) C Uexkull-Hasek S Marshall (appointed 18.06.2024) F Ruzicka (appointed 18.06.20241 H Navratilova (appointed 18.06.2024) New Tiuslees are appointed by the existing trustees. Trustees are all volunteers and receive no remuneration but are reimbursed for expenses. Aims and Oryanlsation The Charity's principal activity is to provide students from the Czech Republic educational grants, either outright or in the form of a loan, in order to facilitate study. Applications for study in all areas of the world are considered. with a primary focus towards study in the UK or USA. There have been no material changes in this policy Since the start of the year. The Charity is controlled by the Board of Trustees, who meet annually. Day lo day administration is under the direct responsibilty of the Charity's legal advisers, Parker Bullen. All activities are carried out at 45 Castle Street. Salisbury. Wltshire. SP1 3SS. Progress and Achievements During the year grants totalling £57,660 were made to Charfe5 Universty in Prague. The Charity's investment portfolK) decreased in value from £1.511.141 at the end of the previous year to £1,481.224 al the year end. Review of Financial Activities and Affairs The attached Accounts for the year ended 5th April 2024 full details of all financial activities which the Charity has undertaken. At 5th April 2024, and at the time of writing, the Charity's financial position was very saisfaclory. Reserves Pollcy Th8 trustees retain free reserves at a minimal level. These reseNes are sufficient to provide investment Income lo meet expected future grant payments. Risk Management The trustees have carried out a review of the major risks lo which the Charity is exposed. and have established procedures for the review and approval of all transactions which are deemed adequate to mitigate such risks. THE ANGLO CZECH EDUCATIONAL FUND TRUSTEES, REPORT YEAR ENDED S'APRIL 2024 {continu•dl Investment Po15cy The Declaration of Trust doe5 not place any restrictions on the investment powers of the trustees Thè Irusiees Inveslmenl objectives are a balanced portfolio wilh a m(Klerate risk factor. The Iruslees are satisfied that actual investment performance in the year matched their general investment objectives. Other Other information required to be disc105ed under the Statement of Recommended Practiee is as lollows.. Sollcitors: Parker Bullen. 45 Casile Street. Salisbury, SP1 3SS Investment Advisor: Close Brothers Asset Management. 10 Crown Place, London, EC2A 4FT Independent Examlner: Mr. Antony Rose FCCA. Director Watling & Hirsl Limited. Cawley Plao, 15 Cawley Road, Chichester, P019 1 UZ Signed on behalf of the Board of Trusle8S F Ruzicka - Trustee Date. INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ANGLO CZECH EDUCATIONAL FUND I report to the trustees on my examinatron of the accounts of the above charty I'the Trust") for the year ended 5th April 2024. which are set out on pages 4 to 6. Responslbilities and basls of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of Ihe 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 exarnination, I have followed all the applicable Directions given by the Charty Commission under section 145(5)Ib) of the Act. Independent examiner's statement I have completed my examinab"on. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that, in any material respect.. the accounting records were not kept in accordance with section 130 of the Charilies Act., or the accounts did not accord with the accounting records.. or the accounts did not comply with the applicab￿ requirements concernin9 the fomi an content of accounts set out in the Charrties (Accounts and Reports) Regulations 2008 other than any requirernent that the accounts grve a 'lrue and fair view whTrch is not a matter considered as part of an independent examination. I have no concems and have come across no other matter5 in connectron with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accoLJnts to be reached. Cawley Place 15 Cawley Road Chichester West Sussex Mr Antony Rose FCCA - Director Watlin & Hirst Limited Chartered Cert led Accountants THE ANGLO CZECH EDUCATIONAL FUND YEAR ENDED 5 APRIL 2024 STATEMENT OF FINANCIAL ACTIVITIES 2024 2023 Incoming resources Income and endowments from: Investments 47.965 46,361 Total Resourcès expended Grant lo Charles University. Prague Adminislralion expenses Legal fees Accountancy and examinerfs fees Investment management fees Bank charges Secrelarial work Computer expenses Trustees, expenses 57.660 24,205 576 806 936 13.197 45 12,813 15 700 817 385 700 927 576 Totsl 73,950 41.392 Net (expenses)lincome before investment gains Net gainsllloss) on investments 33.117 (99,002) Net movemenl in funds 94.033 Reconciliatlon of funds Balance brought forward at 6 April 2023 1,497,443 1,591,476 Balan￿ carried forward at 5 April 2024 1.504,575 1497 443 THE ANGLO CZECH EDUCATIONAL FUND BALANCE SHEET AS AT S APRIL 2024 2024 2023 Flxed assets at market value UK and overseas investments 1,481,224 1,511,141 Current a889ts Debto Uninvested ¢ash with brokers 441 55.366 25,422 25 22 Liabilities: amounts falling due within one yèar Credito(s" Cash owed to brokers Accruals 67.569 1.936 2,071 Net ctsrrenl assetsllliabilitiesl 13 698L Total a$$ets 1888 current liabillties 1 504 575 1 497 443 Financed by: Total unrestricted lunds 75 1497 443 F Ruzicka - Trustee Date.. THE ANGO CZECH EDUCATIONAL FUND NOTES TO THE ACCOUNTS TH FOR THE YEAR ENDED 5 APRIL 2024 ACCOUNTING POUCIES The financial statements have been prepared in accordance with the charity's governing document, the Charities Ad 2011 and Accounting and Reporting by Charities". Statement of Recommended Practice applicable to charrties preparing their accounts In accordance with the Financial Reporting standard applicable In the UK and Republic or Ireland {FRS 102)" las amended for accountin periods commencing from 1 January 2016}. The charity isa Publ￿ Benefrt Entity as defined by FR 102.