THE ANGLO CZECH EDUCATIONAL FUND
STATEMENT OF ACCOUNTS
FOR THE YEAR ENDED
5 APRIL 2025
Registered Charity No: 1110348
INDEX
| Page | |
|---|---|
| Trustees' Report | 1 - 2 |
| Independent Examiner’s Report to the Trustees | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Accounts | 6 |
THE ANGLO CZECH EDUCATIONAL FUND
TRUSTEES’ REPORT
YEAR ENDED 5 APRIL 2025
The Trustees have pleasure in presenting their Annual Report and Accounts for the year ended 5 April 2025 which are prepared in accordance with the Statement of Recommended Practice: “Accounting and Reporting by Charities”.
Legal and Administrative Information
The full name of the charity is The Anglo Czech Educational Fund, and the registered charity number is 1110348. The Charity's governing document is a Declaration of Trust dated 24 March 2005. The registered address of the charity is 45 Castle Street, Salisbury, SP1 3SS.
Trustees
V Hyks-Dyer F Ruzicka (appointed 18.06.2024) S Rawlence (resigned 18.06.2024) H Navratilova (appointed 18.06.2024) C Uexkull-Hasek S Marshall (appointed 18.06.2024, resigned 18.06.2024)
New Trustees are appointed by the existing trustees.
Trustees are all volunteers and receive no remuneration but are reimbursed for expenses.
Aims and Organisation
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 to day administration is under the direct responsibility of the Charity’s legal advisers, Parker Bullen. All activities are carried out at 45 Castle Street, Salisbury, Wiltshire, SP1 3SS.
Progress and Achievements
During the year grants totalling £31,168 were made to Charles University in Prague and £5,800 to Masaryk University in Brno.
The Charity’s investment portfolio decreased in value from £1,481,224 at the end of the previous year to £1,447,886 at the year end.
Review of Financial Activities and Affairs
The attached Accounts for the year ended 5 April 2025 show full details of all financial activities which the Charity has undertaken.
At 5 April 2025, and at the time of writing, the Charity's financial position was very satisfactory.
Reserves Policy
The trustees retain free reserves at a minimal level. These reserves are sufficient to provide investment income to meet expected future grant payments.
Risk Management
The trustees have carried out a review of the major risks to 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.
- 1 -
THE ANGLO CZECH EDUCATIONAL FUND
TRUSTEES’ REPORT
YEAR ENDED 5 APRIL 2025 (continued)
Investment Policy
The Declaration of Trust does not place any restrictians on the investment powers of the trustees. The trustees’ investment objectives are a balanced portfolio with a moderate risk factor. The trustees are satisfied that actual investment performance in the year matched their general investment objectives.
Other
Other information required to be disclosed under the Statement of Recommended Practice is as follows: Solicitors: Parker Bullen, 45 Castle Street, Salisbury, SP1 3SS Investment Advisor: Close Brothers Asset Management, 10 Crown Place, London, EC2A 4FT independent Examiner: Matthew Housden FCCA, CTA, BSc Director; Watling & Hirst Limited, Cawley Place, 15 Cawley Road, Chichester, PO19 1UZ
Signed on behalf of the Board of Trustees
MI the . WM A4f; F Ruzicka - Trustee mta: ; Date: f, WD). ¢20257“yy
-2-
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF
THE ANGLO CZECH EDUCATIONAL FUND
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 5 April 2025, which are set out on pages 4 to 6.
Responsibilities and basis of report
As the charity’s 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 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 Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did 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.
Cawley Place 15 Cawley Road Chichester West Sussex
Date.................................... 20/10/25
Matthew Housden FCCA, CTA, BSc - Director Watling & Hirst Limited Chartered Certified Accountants
- 3 -
THE ANGLO CZECH EDUCATIONAL FUND
YEAR ENDED 5 APRIL 2025
STATEMENT OF FINANCIAL ACTIVITIES
| Incoming resources Income and endowments from: Investments Total Resources expended Grant to Charles University, Prague Grant to Masaryk University, Brno Administration expenses Legal fees Accountancy and examiner's fees Investment management fees Bank charges Secretarial work Computer expenses Trustees’ expenses Total Net expenses before investment gains Net (loss)/gains on investments Net movement in funds Reconciliation of funds Balance brought forward at 6 April 2024 Balance carried forward at 5 April 2025 |
2025 £ 45,054 45,054 31,168 5,800 2,472 1,033 13,622 30 800 686 - 55,611 (10,557) (6,357) (16,914) 1,504,575 1,487,661 |
2024 £ 47,965 |
|---|---|---|
| 47,965 | ||
| 57,660 - 576 984 12,813 15 700 817 385 |
||
| 73,950 | ||
| (25,985) | ||
| 33,117 | ||
| 7,132 | ||
| 1,497,443 | ||
| 1,504,575 |
- 4 -
THE ANGLO CZECH EDUCATIONAL FUND
BALANCE SHEET
AS AT 5 APRIL 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Fixed assets at market value | ||
| UK and overseas investments | 1,447,886 | 1,484,224 |
| Current assets | ||
| Uninvested cash with brokers | 41,611 | 25,422 |
| 41,611 | 25,422 | |
| Liabilities: amounts falling due | ||
| within one year | ||
| Creditors: | ||
| Accruals | 1,836 | 2,071 |
| 1,836 | 2,071 | |
| Netcurrent assets/(liabilities) | 39,775 | 23,351 |
| Total assets less current liabilities | 1,487,661 | 1,504,575 |
| Financed by: | ||
| Totalunrestrictedfunds | 1,487,661 | 1,504,575 |
----- Start of picture text -----
Mea, |
F Ruzicka — Trustee
----- End of picture text -----
----- Start of picture text -----
Date: 2 AOEA,
----- End of picture text -----
~5-
THE ANGO CZECH EDUCATIONAL FUND
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 5 APRIL 2025
1. ACCOUNTING POLICIES
The financial statements have been prepared in accordance with the charity’s governing document, the Charities Act 2011 and “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 or Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
There are no material uncertainties regarding the charity’s ability to continue as a going concern.
- 6 -