REGISTERED CHARITY NUMBER: 1112056
The Croydon High School
Scholarship Trust
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 July 2024
Shaw Gibbs Limited
Salatin House
19 Cedar Road
Sutton
Surrev
SM2 5DA

The Croydon High School
Scholarship Trust
Contents of the Financial Statements
for the year ended 31 July 2024
Page
Report of the Trustees
Independent Examiner's Report
ststement of Financial Activlties
Balan￿ Sheet
Notes to the Financial Statements
7 to 15
Detailed Statement of Flnanclal Actfvftles
16

The Croydon High School
Scholarship Trust
Report of the Trustees
for the year ended 31 July 2024
The trustees present their report with the financial statements of the charity for the year ended 31 July 2024. The
trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable to charitie5 preparing their account5 in accordance with the Financial Reportin8 Standard applicable in the
UK and Republic of Ireland IFRS 1021 (effective l January 20191,
oBJE￿IVEs AND ACTIVITIES
Objective5 and aims
The Trust's objectives are..
111 to advance the education of the pupils of Croydon High School I the School l as may be selected and approved by
the trustees {"the Trust Objoct"), and
(21 through the application of the Guillou Endowment as defined in Sertion 3111) of Part 3 of the charity's
Constitution. to advance and encourage musical education within the School but giving priority to the needs of pupils
who show an aptitude and dedication for music in circumstances where it is found that their family financial status is
such that they are unable to afford extra music lessons provided at the School by its teaching staff {"the Fund
Object").
Public benefit
In planning the activities of the charlty, the trustee5 have considered the Charity Com mission's guidance on public
benefit.
ACHIEVEMENT AND PERFORMANCE
Charitable activitie5
Dvring the year, the Trust awarded scholarships to pupils of the School. and made awards out of the Guillou
Endowment for music tuition costs. This year the Trust also contributed to the cost of two pianos and two Clavinovas
for the School.
Investment performance
The charity's investments continued to provide Investment income and galns consistent with expected performance.
FINANCIAL REVIEW
Financial position
The financial position of the charity is set out in the Statement of Financlal Activities and Balance Sheet and the
related riote5. which have been prepared in accordance with statutory requirement5 of the Charities Act 2011 and
SORP IFRS 1021.
Principal funding sources
The charity's Usual funding Source is its investment income.
Investment policy and objertives
Funds are deposited with CAF Bank. Investments are held in M&G Investments, CharifLJnd and St James's Place Unit
Trust.
Reserves policy
The charity aims to hold in reserves sufficient funds to meet its objectives.
Going concern
The financial statements have been prepared on the going concern basis as in the opinion of the trustees there are no
material uncertainties about the charity's ability to contlnue for the foreseeable future.
Page I

The Croydon High School
Scholarship Trust
Report of the Trustees
for the year ended 31 July 2024
FUTURE PLANS
The charity will continue to award scholarships and make payments for music tuition and costs related to educational
advancement.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Governlng document
The charity is controlled by its governing document, the Constitution, and is an unincorporated charity.
Recrultment and appointment of new trustees
The method of appointment of new trustees is set out in the Constitution. The Trust in general meeting or the
trustees may appoint new trustees.
The trustees seek to ensure that necessary areas of expertise are addressed by members of the charlty. and where
such expertise is not available amongst its members that such expert advice is sought on behalf of the trustees.
Organisational structure
The Trust and its property shall be managed and administered by a commlttee comprlsln8 the Officers and other
members elected in accordance with the Constitution. The Officers and other members of the committee shall be the
trustees of the Trust and are together called "the trustees"
The Trust shall have the following Officers: a chair. a secretary and a treasurer,
The number of trustees shall be not less than four and not more than fourteen.
Rlsk mana8ement
The trustees have a duty to identify and review the risks to which the charity is exposed, in particular those related to
the operations and finances of the charlty and chlld and vulnerable persons protection. and to ensure appropriate
controls are In place to provide reasonable assurance against fraud and error. The trustees are satisfied that systems
and procedures are in place to mitigate exposure to the major rlsks.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charlty number
1112056
Prlncipal address
14 Garrard Road
Banstead
Surrev
SM7 2ER
Trustees
C Blease
JHRBaker
N Lipczynski Chairman
A Davies
Dwells
V Harvey
Treasurer
{resigned l November 2024)
{appointed 11 November 20241
Page 2

The Croydon High School
Scholarship Trust
Report of the Trustees
for the year ended 31 July 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
rimothy Slater. ACA CTA
Institute of Chartered Accountants in England and Wales
Shaw Gibbs Limited
Salatin House
19 Cedar Road
Sutton
Surrey
SM2 5DA
Bankers
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME194JQ
Approved by
der of he board of trustees on
11.C>l*.
.2025 and signed on its behalf by..
N Lipczy
ski-ch
irm
Page 3

Independent Examlner's Report to the Trustees of
The Croydon Hlgh School
Scholarship Trust
I report to the trustee5 on my examination of the accounts of The Croydon High School Scholarship Trust (the charity),
charity number 1112056, for the year ended 31 July 2024, which are set out on pages 5 to 15.
Respective responslblllties of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance wlth the Charities Act 20111.the
Act").
The charitws trustee5 consider that an audit is not required for this year under section 144 of the Act and that an
independent examination is needed.
It is my responsibility to:
examine the accounts under section 145 of the Charities Act,
to follow the applicable Directions given by the Charity Commission (under Section 14515llbl of the Act, and
to state whether particular matters have come to my attention.
Basi5 of independent examinerfs statement
My examination was carried out in accordance with general Direction5 given by the Charity Commission. An examination
includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those
records. It also includes consideration of any unusual items or disclosures In the accounts, and seeking explanation5 from the
trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in
an audit. and consequently no opinion is given a5 to whether the accounts present a 'true and falr, vlew and the report is
limited to those rnatters set out in the statement below.
Independent examiner'5 Statement
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in,
any material respect..
the accounting records were not kept In accordance with sectlon 130 of the Charltles Act,. or
the accounts did not accord with the accounting records; or
the accounts did not comply with the appllcable requirements concernlng the form and content of accounts set out in
the Charlties (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and
fairf 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.
Tim
hy Slater. ACA CTA
Ins
Itute of Chartered Accountants in England and Wale5
Shaw Gibbs Limited
Salatin House
19 Cedar Road
Sutton
Surrey
SM2 50A
Date..
2025
Page 4

The Croydon High School
Scholarship Trust
Statement of Financial Activities
for the year ended 31 July 2024
2024
Total
funds
2023
Total
funds
Unrestricted Restricted
fund
fund
Endowment
fund
Notes
INCOME AND ENDOWMENTS
FROM
Investment income
21.269
21.590
42,862
41,276
Total
21.269
21590
42.862
41.276
EXPENDrruRE ON
Charitable activitles
Charitable activities
13.912)
(18.661)
(22,5731
{34,5651
Net gainslllosses) on
investments
30,013
30,611
60.624
141,786)
NET INCOME/{EXPENDITLIRE)
47.370
(18,6581
52,201
80.913
135,0751
Transfers between funds
li
828
14,659
115,4871
Net movement In funds
48,198
(3,999}
36,714
80.913
(35,0751
RECONCILIATION OF FUNDS
Total funds brought forward
485,377
217,385
171.708
874,470
909,545
TOTAL FUNDS CARRIED
FORWARD
533.575
213.386
208,422
955.383
874,470
The notes form part of these financial statements
Page S

The Croydon High School
Scholarship Trust
Balance Sheet
31 July 2024
2024
Total
funds
2023
Total
funds
Unrestricted Restricted
fund
fund
Endowment
fund
Notes
FIXED ASSErs
Investments
508,383
369,493
877.876
817,254
CURRENT ASSETS
Debtors
Cash at bank
211,736
1.650
211,736
85.358
216,249
76,222
33.043
50.665
33.043
213.386
50,665
297,094
292,471
CREDITORS
Amounts falling due within one
year
17,851)
1211,736)
1219.587)
1235,2551
NET CURRENT ASSETSIILIABILITIES)
25,192
213,386
1161,0711
77,507
57,216
TOTAL ASSETS LESS CURRENT
LIABIUTIES
533,575
213,386
208.422
955,383
874,470
NET ASSETS
533,575
213,386
208,422
955,383
874,470
FUNDS
Unrestricted funds
Restricted funds
Endowment funds
io
533,575
213.386
208.422
485.377
217,385
171,708
TOTAL FUNDS
955.383
874,470
The financial statements were approved by the Board of Trustees and authorised for issue on
and were signe
on its behalf by..
1IA-
..2025
vn
i - Chairman
C Blease-Trustee
The notes form part of these financial statements
Page 6

The Croydon High School
Scholarship Trust
Notes to the Financlal Statements
for the year ended 31 July 2024
ACCOUNTING POLICIES
Basls of preparing the financlal statements
The financial Statements of the charity, which is a public benefit entity under FRS 102, have been prepared in
accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing their account5 in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191.. Financial
Reporting Standard 102 'The Fin2 ncial Reporting Standard applicable in the UK and Republic of Ireland. and the
Charities Act 2011. The fina ncial statements have been prepared under the historical cost convention. with the
exception of investments which are included at market value, as modified by the revaluation of certain assets.
Going concern
The trustees have assessed whether the use of the going concern basis is appropriate and have considered
possible events or conditions that might cast significant doubt on the ability of the charity to continue as a
8oln8 concern. The trustees have made this assessment for a period of at least one year from the date of the
approval of these financial statements. The charlty'5 ablllty to continue as a going concern 15 dependent on its
success in raising funds frorr investments. donations and legacies, The trustees have determined there are no
material uncertainties as to the charity's ability to continue as a going concern in the foreseeable future and
therefore believe it remain5 a ppropriate to prepare the financial statements on a golng concern basis.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds,
it is probable that the income will be received and the amount can be measured reliablv.
Expenditure
Liabllitles are recognised as expenditure as 500n as there is a legal or constructive obligation committing the
charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement
and the amount of the obligation can be measured reliably. Expendlture is accounted for on an accruals basis
and has been classified under headings that aggregate all costs related to the category. Where costs cannot be
directly attributed to particular headings they have been allocated to activities on a basis consistent with the
use of resources.
Scholarships are expensed at the time of granting.
Tangible fixed assets
Depreciation 15 provided at the following annual rate5 in order to write off each asset over its estimated useful
life..
Plant and machinery
33% on c05t
Plant and machinery consist5 of musical instruments.
Taxation
The charity 15 exempt from tax on its charitable activitles.
The charity is not regSstered for VAT and as such expenditure is shown inclusive of irrecoverable VAT.
Fund accounting
Unrestricted funds ca n be used in accordance with the charitable objectives at the discretion of the tru5tee5.
Page 7
continued...

The Croydon High School
Scholarship Trust
Notes to the Financial Statements- continued
for the year ended 31 July 2024
ACCOUNTING POLICIES- continued
Fund accounting (continued)
Restricted fund5 can only be used for particular restricted purposes within the objects of the charity.
Restrirtions arise when specified by the donor or when fund5 are raised for particular restricted purposes.
Endowment funds come with the specific instruction that only the income generated by the money within the
fund can be spent, and not the capital.
Investment income, gains and losses are allocated to the appropriate fund.
Further explanation of the nature and purpose of each fund 15 included in the notes to the financial
statements.
Current assets
Short term deposits (known as "re5erves"l include cash held on deposlt with CAF Bank in the CAF Gold Capital
Reserve Account.
Flnanclal Instruments
The charity only has financial a55ets and liabilities of a kind that qualify as basic financial instruments. Basic
financial in5trument5 are initially recognised at transaction value and subsequently measured at their
settlement value.
Currency
The charity's functional and presentatlonal currenry Is pounds Sterling IGBP).
DONATIONS AND LEGACIES
The charity received no donations or legacies in the current or previous year.
Page 8
continued...

The Croydon High School
Scholarship Trust
Notes to the Financial Statements - continued
for the year ended 31 July 2024
INVESThIENT INCOME
2024
2023
Dividend income
Deposit account Interest
33,676
9,186
32,790
8,486
42,862
41,276
CHARITABLE ACTIVITIES COSTS
Direct
costs
Support
costs
Totals
Charitable activities
21,601
972
22,573
Unrestricted
Restricted
Endowment
2024
Charltable activities:
Hardship Awards
Music tuition
Contribution to cost of
muslcal instruments
3.000
3,000
14,566
4,035
14,566
4.035
3,000
18,601
21,601
Support costs:
Bank charges
Independent Examiner's fees
60
852
60
120
852
912
60
972
3,912
18.661
22,573
Page 9
continued...

The Croydon High School
Scholarship Trust
Notes to the Flnanclal Statements - contlnued
for the year ended 31 July 2024
CHARITABLE ACTIVITIES COSTS - continued
Unrestrlcted
Restrlcted
Endowment
2023
Charitable activities:
Scholarship Trust Awards
Hardship Awards
Music tuition
Sundry instrumental costs
Contribution to cost of
musical instrument5
Holt Scholarships
8,750
4,000
8,750
4,000
10,667
640
4.000
10,667
640
4,000
5,608
5,608
18,358
15,307
33,665
Support costs:
Bank charges
Independent Examiner's fees
61
828
li
72
828
889
li
900
19,247
15,318
34,565
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 July 2024 nor for the year ended
31 July 2023.
Trustees, expenses
There were no trustees, expenses paid for the year ended 31 July 2024 nor forthe year ended 31 July 2023.
Page 10
continued...

The Croydon High School
Scholarship Trust
Notes to the Financial Statements- continued
for the year ended 31 July 2024
COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES
2023
Total
funds
2022
Total
funds
Unrestricted Restricted
fund
fund
Endowment
fund
INCOME AND ENDOWMENTS
FROM
Investment income
21.001
20.270
41,276
37.450
Total
21.001
20.270
41,276
37,450
EXPENDITURE ON
Charitable activitles
Charitable activities
19.247
15,318
34,565
50.438
Net losses on investments
123.883)
(17,903)
141.786)
126,5841
NEf {EXPENDITURE)IINCOME
122,129)
(15,313}
2,367
135,075)
139,5721
Transfers between funds
109,740
1110,544)
Net movement in funds
(21,32S)
94,427
(108,177)
(35,075)
{39,572)
RECONCILIATION OF FUNDS
Total funds brought forward
506,702
122,958
279,885
909.545
949,117
TOTAL FUNDS CARRIED
FORWARD
485.377
217,385
171,708
874,470
909,545
Page 11

The Croydon High School
Scholarship Trust
Notes to the Flnanclal Statements- continued
for the year ended 31 Juty 2024
FIXED ASSET INVESTMENTS
Unlisted
investments
MARKET VALUE
At l August 2023
Revaluations
817.254
60.622
At 31 July 2024
877.876
NET BOOK VALUE
At 31 July 2024
877,876
At 31 July 2023
817,254
There were no investment 3S5ets outside the UK.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Inter fund loans
211,736
216,249
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Interfund loans
Accrued expenses
211.736
7.851
216,249
19.006
219,587
235,255
Page 12

The Croydon High School
Scholarship Trust
Notes to the Flnanclal Statements- continued
for the year ended 31 July 2024
io.
MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
between
funds
At
31/7124
At 118123
Unrestrlcted funds
General fund
485,377
47,370
828
533.575
Restricted funds
The Peggy James Guillou Awards Fund
217,385
(18,6581
14.659
213.386
Endowment funds
The Pe88y James Guillou Endowment Fund
171.708
52,201
{15,487)
208,422
TOTAL FUNDS
874,470
80,913
955,383
Net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Gain5 and Movement
1055es
in funds
Unrestricted funds
General fund
21,269
13,9121
30,013
47,370
Restrlcted funds
The Peggy James Guillou Awards Fund
118,661)
118,6S8)
Endowment funds
The Peggy James Guillou Endowment Fund
21,590
30,611
52,201
TOTAL FUNDS
42,862
{22,5731
60,624
80,913
Page 13

The Croydon High School
Scholarship Trust
Notes to the Financial Statements- continued
for the year ended 31 July 2024
io.
MOVEMENT IN FUNDS- continued
Comparatives for movement in funds
Net
movement
in funds
Transfers
between
funds
At
31/7123
At 1/8122
Unrestrlcted funds
General fund
506.702
122,129}
804
485,377
Restricted funds
The Pe88y Jame5 Guillou Awards Fund
122,958
115,313)
109,740
217.385
Endowment funds
The Peggy James Guillou Endowment Fund
279,885
2,367
1110,544)
171,708
TOTAL FUNDS
909,545
(35,0751
874,470
Comparatlve net movernent in funds, included In the above are as follows-
Incoming
resources
Resources
expended
Gains and Movement
losses
in funds
Unrestrlcted funds
General fund
21,001
(19.247)
{23,883)
(22,129)
Restrlcted funds
The Peggy James Guillou Awards Fund
115,318)
(15,3131
Endowment funds
The Peggy Jame5 Gulllou Endowment Fund
20,270
117,9031
2,367
TOTAL FUNDS
41,276
(34,5651
141,786)
135,075)
The Peggy James Guillou Endowment Fund
This fund comprlse5 a permanent endowment received under the terms of a Deed of Gift dated 15 April
2005 from Marc Alfred Yves Guillou whose income, after allowing for the maintena nce of the fund's capital
in real terms, is used to finance the Peggy James Guillou Awards Fund.
The Peggyjames Gulllou Awards Fund
This fund comprises Incorne received from the Peggy James Guillou Endowment Fund that the trustees
may apply for the purpose of the Fund Object as detailed in point 2 of the Trust's objectives wlthin the
Report of the Trustees.
Page 14

The Croydon High School
Scholarship Trust
Notes to the Flnanclal Statements- continued
for the year ended 31 July 2024
ii.
RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 July 2024 nor for the year ended 31 July
2023.
Page 15

The Croydon High School
Scholarship Trust
Detsiled Statement of Financial Artivities
for the year ended 31 July 2024
2024
2023
INCOME AND ENDOWMENTS
Investment income
Dividend income
Deposit account interest
33.676
9,186
32,790
8,486
42.862
41,276
Total Incomlng resources
42,862
41,276
EXPENDITURE
Charitable activities
Scholarship Trust Awards
Hardship Awards
Music tuition
Sundry instrumental costs
Contribution to C05t of musical instruments
Holt Scholarships
8,750
4,000
10,667
640
4,000
5,608
3,000
14,566
4.035
21.601
33,665
Support costs
Management
Bank charges
120
72
Governance costs
Independent Examiner's fees
852
828
Total resources expended
22,573
34,565
Net income
20,289
6,711
This page does not form part of the statutory financial statements
Page 16

REGISTERED CHARITY NUMBER: 1112056
The Croydon High School
Scholarship Trust
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 July 2024
Shaw Gibbs Limited
Salatin House
19 Cedar Road
Sutton
Surrev
SM2 5DA

The Croydon High School
Scholarship Trust
Contents of the Financial Statements
for the year ended 31 July 2024
Page
Report of the Trustees
Independent Examiner's Report
ststement of Financial Activlties
Balan￿ Sheet
Notes to the Financial Statements
7 to 15
Detailed Statement of Flnanclal Actfvftles
16

The Croydon High School
Scholarship Trust
Report of the Trustees
for the year ended 31 July 2024
The trustees present their report with the financial statements of the charity for the year ended 31 July 2024. The
trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable to charitie5 preparing their account5 in accordance with the Financial Reportin8 Standard applicable in the
UK and Republic of Ireland IFRS 1021 (effective l January 20191,
oBJE￿IVEs AND ACTIVITIES
Objective5 and aims
The Trust's objectives are..
111 to advance the education of the pupils of Croydon High School I the School l as may be selected and approved by
the trustees {"the Trust Objoct"), and
(21 through the application of the Guillou Endowment as defined in Sertion 3111) of Part 3 of the charity's
Constitution. to advance and encourage musical education within the School but giving priority to the needs of pupils
who show an aptitude and dedication for music in circumstances where it is found that their family financial status is
such that they are unable to afford extra music lessons provided at the School by its teaching staff {"the Fund
Object").
Public benefit
In planning the activities of the charlty, the trustee5 have considered the Charity Com mission's guidance on public
benefit.
ACHIEVEMENT AND PERFORMANCE
Charitable activitie5
Dvring the year, the Trust awarded scholarships to pupils of the School. and made awards out of the Guillou
Endowment for music tuition costs. This year the Trust also contributed to the cost of two pianos and two Clavinovas
for the School.
Investment performance
The charity's investments continued to provide Investment income and galns consistent with expected performance.
FINANCIAL REVIEW
Financial position
The financial position of the charity is set out in the Statement of Financlal Activities and Balance Sheet and the
related riote5. which have been prepared in accordance with statutory requirement5 of the Charities Act 2011 and
SORP IFRS 1021.
Principal funding sources
The charity's Usual funding Source is its investment income.
Investment policy and objertives
Funds are deposited with CAF Bank. Investments are held in M&G Investments, CharifLJnd and St James's Place Unit
Trust.
Reserves policy
The charity aims to hold in reserves sufficient funds to meet its objectives.
Going concern
The financial statements have been prepared on the going concern basis as in the opinion of the trustees there are no
material uncertainties about the charity's ability to contlnue for the foreseeable future.
Page I

The Croydon High School
Scholarship Trust
Report of the Trustees
for the year ended 31 July 2024
FUTURE PLANS
The charity will continue to award scholarships and make payments for music tuition and costs related to educational
advancement.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Governlng document
The charity is controlled by its governing document, the Constitution, and is an unincorporated charity.
Recrultment and appointment of new trustees
The method of appointment of new trustees is set out in the Constitution. The Trust in general meeting or the
trustees may appoint new trustees.
The trustees seek to ensure that necessary areas of expertise are addressed by members of the charlty. and where
such expertise is not available amongst its members that such expert advice is sought on behalf of the trustees.
Organisational structure
The Trust and its property shall be managed and administered by a commlttee comprlsln8 the Officers and other
members elected in accordance with the Constitution. The Officers and other members of the committee shall be the
trustees of the Trust and are together called "the trustees"
The Trust shall have the following Officers: a chair. a secretary and a treasurer,
The number of trustees shall be not less than four and not more than fourteen.
Rlsk mana8ement
The trustees have a duty to identify and review the risks to which the charity is exposed, in particular those related to
the operations and finances of the charlty and chlld and vulnerable persons protection. and to ensure appropriate
controls are In place to provide reasonable assurance against fraud and error. The trustees are satisfied that systems
and procedures are in place to mitigate exposure to the major rlsks.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charlty number
1112056
Prlncipal address
14 Garrard Road
Banstead
Surrev
SM7 2ER
Trustees
C Blease
JHRBaker
N Lipczynski Chairman
A Davies
Dwells
V Harvey
Treasurer
{resigned l November 2024)
{appointed 11 November 20241
Page 2

The Croydon High School
Scholarship Trust
Report of the Trustees
for the year ended 31 July 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
rimothy Slater. ACA CTA
Institute of Chartered Accountants in England and Wales
Shaw Gibbs Limited
Salatin House
19 Cedar Road
Sutton
Surrey
SM2 5DA
Bankers
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME194JQ
Approved by
der of he board of trustees on
11.C>l*.
.2025 and signed on its behalf by..
N Lipczy
ski-ch
irm
Page 3

Independent Examlner's Report to the Trustees of
The Croydon Hlgh School
Scholarship Trust
I report to the trustee5 on my examination of the accounts of The Croydon High School Scholarship Trust (the charity),
charity number 1112056, for the year ended 31 July 2024, which are set out on pages 5 to 15.
Respective responslblllties of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance wlth the Charities Act 20111.the
Act").
The charitws trustee5 consider that an audit is not required for this year under section 144 of the Act and that an
independent examination is needed.
It is my responsibility to:
examine the accounts under section 145 of the Charities Act,
to follow the applicable Directions given by the Charity Commission (under Section 14515llbl of the Act, and
to state whether particular matters have come to my attention.
Basi5 of independent examinerfs statement
My examination was carried out in accordance with general Direction5 given by the Charity Commission. An examination
includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those
records. It also includes consideration of any unusual items or disclosures In the accounts, and seeking explanation5 from the
trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in
an audit. and consequently no opinion is given a5 to whether the accounts present a 'true and falr, vlew and the report is
limited to those rnatters set out in the statement below.
Independent examiner'5 Statement
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in,
any material respect..
the accounting records were not kept In accordance with sectlon 130 of the Charltles Act,. or
the accounts did not accord with the accounting records; or
the accounts did not comply with the appllcable requirements concernlng the form and content of accounts set out in
the Charlties (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and
fairf 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.
Tim
hy Slater. ACA CTA
Ins
Itute of Chartered Accountants in England and Wale5
Shaw Gibbs Limited
Salatin House
19 Cedar Road
Sutton
Surrey
SM2 50A
Date..
2025
Page 4

The Croydon High School
Scholarship Trust
Statement of Financial Activities
for the year ended 31 July 2024
2024
Total
funds
2023
Total
funds
Unrestricted Restricted
fund
fund
Endowment
fund
Notes
INCOME AND ENDOWMENTS
FROM
Investment income
21.269
21.590
42,862
41,276
Total
21.269
21590
42.862
41.276
EXPENDrruRE ON
Charitable activitles
Charitable activities
13.912)
(18.661)
(22,5731
{34,5651
Net gainslllosses) on
investments
30,013
30,611
60.624
141,786)
NET INCOME/{EXPENDITLIRE)
47.370
(18,6581
52,201
80.913
135,0751
Transfers between funds
li
828
14,659
115,4871
Net movement In funds
48,198
(3,999}
36,714
80.913
(35,0751
RECONCILIATION OF FUNDS
Total funds brought forward
485,377
217,385
171.708
874,470
909,545
TOTAL FUNDS CARRIED
FORWARD
533.575
213.386
208,422
955.383
874,470
The notes form part of these financial statements
Page S

The Croydon High School
Scholarship Trust
Balance Sheet
31 July 2024
2024
Total
funds
2023
Total
funds
Unrestricted Restricted
fund
fund
Endowment
fund
Notes
FIXED ASSErs
Investments
508,383
369,493
877.876
817,254
CURRENT ASSETS
Debtors
Cash at bank
211,736
1.650
211,736
85.358
216,249
76,222
33.043
50.665
33.043
213.386
50,665
297,094
292,471
CREDITORS
Amounts falling due within one
year
17,851)
1211,736)
1219.587)
1235,2551
NET CURRENT ASSETSIILIABILITIES)
25,192
213,386
1161,0711
77,507
57,216
TOTAL ASSETS LESS CURRENT
LIABIUTIES
533,575
213,386
208.422
955,383
874,470
NET ASSETS
533,575
213,386
208,422
955,383
874,470
FUNDS
Unrestricted funds
Restricted funds
Endowment funds
io
533,575
213.386
208.422
485.377
217,385
171,708
TOTAL FUNDS
955.383
874,470
The financial statements were approved by the Board of Trustees and authorised for issue on
and were signe
on its behalf by..
1IA-
..2025
vn
i - Chairman
C Blease-Trustee
The notes form part of these financial statements
Page 6

The Croydon High School
Scholarship Trust
Notes to the Financlal Statements
for the year ended 31 July 2024
ACCOUNTING POLICIES
Basls of preparing the financlal statements
The financial Statements of the charity, which is a public benefit entity under FRS 102, have been prepared in
accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing their account5 in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191.. Financial
Reporting Standard 102 'The Fin2 ncial Reporting Standard applicable in the UK and Republic of Ireland. and the
Charities Act 2011. The fina ncial statements have been prepared under the historical cost convention. with the
exception of investments which are included at market value, as modified by the revaluation of certain assets.
Going concern
The trustees have assessed whether the use of the going concern basis is appropriate and have considered
possible events or conditions that might cast significant doubt on the ability of the charity to continue as a
8oln8 concern. The trustees have made this assessment for a period of at least one year from the date of the
approval of these financial statements. The charlty'5 ablllty to continue as a going concern 15 dependent on its
success in raising funds frorr investments. donations and legacies, The trustees have determined there are no
material uncertainties as to the charity's ability to continue as a going concern in the foreseeable future and
therefore believe it remain5 a ppropriate to prepare the financial statements on a golng concern basis.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds,
it is probable that the income will be received and the amount can be measured reliablv.
Expenditure
Liabllitles are recognised as expenditure as 500n as there is a legal or constructive obligation committing the
charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement
and the amount of the obligation can be measured reliably. Expendlture is accounted for on an accruals basis
and has been classified under headings that aggregate all costs related to the category. Where costs cannot be
directly attributed to particular headings they have been allocated to activities on a basis consistent with the
use of resources.
Scholarships are expensed at the time of granting.
Tangible fixed assets
Depreciation 15 provided at the following annual rate5 in order to write off each asset over its estimated useful
life..
Plant and machinery
33% on c05t
Plant and machinery consist5 of musical instruments.
Taxation
The charity 15 exempt from tax on its charitable activitles.
The charity is not regSstered for VAT and as such expenditure is shown inclusive of irrecoverable VAT.
Fund accounting
Unrestricted funds ca n be used in accordance with the charitable objectives at the discretion of the tru5tee5.
Page 7
continued...

The Croydon High School
Scholarship Trust
Notes to the Financial Statements- continued
for the year ended 31 July 2024
ACCOUNTING POLICIES- continued
Fund accounting (continued)
Restricted fund5 can only be used for particular restricted purposes within the objects of the charity.
Restrirtions arise when specified by the donor or when fund5 are raised for particular restricted purposes.
Endowment funds come with the specific instruction that only the income generated by the money within the
fund can be spent, and not the capital.
Investment income, gains and losses are allocated to the appropriate fund.
Further explanation of the nature and purpose of each fund 15 included in the notes to the financial
statements.
Current assets
Short term deposits (known as "re5erves"l include cash held on deposlt with CAF Bank in the CAF Gold Capital
Reserve Account.
Flnanclal Instruments
The charity only has financial a55ets and liabilities of a kind that qualify as basic financial instruments. Basic
financial in5trument5 are initially recognised at transaction value and subsequently measured at their
settlement value.
Currency
The charity's functional and presentatlonal currenry Is pounds Sterling IGBP).
DONATIONS AND LEGACIES
The charity received no donations or legacies in the current or previous year.
Page 8
continued...

The Croydon High School
Scholarship Trust
Notes to the Financial Statements - continued
for the year ended 31 July 2024
INVESThIENT INCOME
2024
2023
Dividend income
Deposit account Interest
33,676
9,186
32,790
8,486
42,862
41,276
CHARITABLE ACTIVITIES COSTS
Direct
costs
Support
costs
Totals
Charitable activities
21,601
972
22,573
Unrestricted
Restricted
Endowment
2024
Charltable activities:
Hardship Awards
Music tuition
Contribution to cost of
muslcal instruments
3.000
3,000
14,566
4,035
14,566
4.035
3,000
18,601
21,601
Support costs:
Bank charges
Independent Examiner's fees
60
852
60
120
852
912
60
972
3,912
18.661
22,573
Page 9
continued...

The Croydon High School
Scholarship Trust
Notes to the Flnanclal Statements - contlnued
for the year ended 31 July 2024
CHARITABLE ACTIVITIES COSTS - continued
Unrestrlcted
Restrlcted
Endowment
2023
Charitable activities:
Scholarship Trust Awards
Hardship Awards
Music tuition
Sundry instrumental costs
Contribution to cost of
musical instrument5
Holt Scholarships
8,750
4,000
8,750
4,000
10,667
640
4.000
10,667
640
4,000
5,608
5,608
18,358
15,307
33,665
Support costs:
Bank charges
Independent Examiner's fees
61
828
li
72
828
889
li
900
19,247
15,318
34,565
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 July 2024 nor for the year ended
31 July 2023.
Trustees, expenses
There were no trustees, expenses paid for the year ended 31 July 2024 nor forthe year ended 31 July 2023.
Page 10
continued...

The Croydon High School
Scholarship Trust
Notes to the Financial Statements- continued
for the year ended 31 July 2024
COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES
2023
Total
funds
2022
Total
funds
Unrestricted Restricted
fund
fund
Endowment
fund
INCOME AND ENDOWMENTS
FROM
Investment income
21.001
20.270
41,276
37.450
Total
21.001
20.270
41,276
37,450
EXPENDITURE ON
Charitable activitles
Charitable activities
19.247
15,318
34,565
50.438
Net losses on investments
123.883)
(17,903)
141.786)
126,5841
NEf {EXPENDITURE)IINCOME
122,129)
(15,313}
2,367
135,075)
139,5721
Transfers between funds
109,740
1110,544)
Net movement in funds
(21,32S)
94,427
(108,177)
(35,075)
{39,572)
RECONCILIATION OF FUNDS
Total funds brought forward
506,702
122,958
279,885
909.545
949,117
TOTAL FUNDS CARRIED
FORWARD
485.377
217,385
171,708
874,470
909,545
Page 11

The Croydon High School
Scholarship Trust
Notes to the Flnanclal Statements- continued
for the year ended 31 Juty 2024
FIXED ASSET INVESTMENTS
Unlisted
investments
MARKET VALUE
At l August 2023
Revaluations
817.254
60.622
At 31 July 2024
877.876
NET BOOK VALUE
At 31 July 2024
877,876
At 31 July 2023
817,254
There were no investment 3S5ets outside the UK.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Inter fund loans
211,736
216,249
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Interfund loans
Accrued expenses
211.736
7.851
216,249
19.006
219,587
235,255
Page 12

The Croydon High School
Scholarship Trust
Notes to the Flnanclal Statements- continued
for the year ended 31 July 2024
io.
MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
between
funds
At
31/7124
At 118123
Unrestrlcted funds
General fund
485,377
47,370
828
533.575
Restricted funds
The Peggy James Guillou Awards Fund
217,385
(18,6581
14.659
213.386
Endowment funds
The Pe88y James Guillou Endowment Fund
171.708
52,201
{15,487)
208,422
TOTAL FUNDS
874,470
80,913
955,383
Net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Gain5 and Movement
1055es
in funds
Unrestricted funds
General fund
21,269
13,9121
30,013
47,370
Restrlcted funds
The Peggy James Guillou Awards Fund
118,661)
118,6S8)
Endowment funds
The Peggy James Guillou Endowment Fund
21,590
30,611
52,201
TOTAL FUNDS
42,862
{22,5731
60,624
80,913
Page 13

The Croydon High School
Scholarship Trust
Notes to the Financial Statements- continued
for the year ended 31 July 2024
io.
MOVEMENT IN FUNDS- continued
Comparatives for movement in funds
Net
movement
in funds
Transfers
between
funds
At
31/7123
At 1/8122
Unrestrlcted funds
General fund
506.702
122,129}
804
485,377
Restricted funds
The Pe88y Jame5 Guillou Awards Fund
122,958
115,313)
109,740
217.385
Endowment funds
The Peggy James Guillou Endowment Fund
279,885
2,367
1110,544)
171,708
TOTAL FUNDS
909,545
(35,0751
874,470
Comparatlve net movernent in funds, included In the above are as follows-
Incoming
resources
Resources
expended
Gains and Movement
losses
in funds
Unrestrlcted funds
General fund
21,001
(19.247)
{23,883)
(22,129)
Restrlcted funds
The Peggy James Guillou Awards Fund
115,318)
(15,3131
Endowment funds
The Peggy Jame5 Gulllou Endowment Fund
20,270
117,9031
2,367
TOTAL FUNDS
41,276
(34,5651
141,786)
135,075)
The Peggy James Guillou Endowment Fund
This fund comprlse5 a permanent endowment received under the terms of a Deed of Gift dated 15 April
2005 from Marc Alfred Yves Guillou whose income, after allowing for the maintena nce of the fund's capital
in real terms, is used to finance the Peggy James Guillou Awards Fund.
The Peggyjames Gulllou Awards Fund
This fund comprises Incorne received from the Peggy James Guillou Endowment Fund that the trustees
may apply for the purpose of the Fund Object as detailed in point 2 of the Trust's objectives wlthin the
Report of the Trustees.
Page 14

The Croydon High School
Scholarship Trust
Notes to the Flnanclal Statements- continued
for the year ended 31 July 2024
ii.
RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 July 2024 nor for the year ended 31 July
2023.
Page 15

The Croydon High School
Scholarship Trust
Detsiled Statement of Financial Artivities
for the year ended 31 July 2024
2024
2023
INCOME AND ENDOWMENTS
Investment income
Dividend income
Deposit account interest
33.676
9,186
32,790
8,486
42.862
41,276
Total Incomlng resources
42,862
41,276
EXPENDITURE
Charitable activities
Scholarship Trust Awards
Hardship Awards
Music tuition
Sundry instrumental costs
Contribution to C05t of musical instruments
Holt Scholarships
8,750
4,000
10,667
640
4,000
5,608
3,000
14,566
4.035
21.601
33,665
Support costs
Management
Bank charges
120
72
Governance costs
Independent Examiner's fees
852
828
Total resources expended
22,573
34,565
Net income
20,289
6,711
This page does not form part of the statutory financial statements
Page 16

REGISTERED CHARITY NUMBER: 1112056
The Croydon High School
Scholarship Trust
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 July 2024
Shaw Gibbs Limited
Salatin House
19 Cedar Road
Sutton
Surrev
SM2 5DA

The Croydon High School
Scholarship Trust
Contents of the Financial Statements
for the year ended 31 July 2024
Page
Report of the Trustees
Independent Examiner's Report
ststement of Financial Activlties
Balan￿ Sheet
Notes to the Financial Statements
7 to 15
Detailed Statement of Flnanclal Actfvftles
16

The Croydon High School
Scholarship Trust
Report of the Trustees
for the year ended 31 July 2024
The trustees present their report with the financial statements of the charity for the year ended 31 July 2024. The
trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable to charitie5 preparing their account5 in accordance with the Financial Reportin8 Standard applicable in the
UK and Republic of Ireland IFRS 1021 (effective l January 20191,
oBJE￿IVEs AND ACTIVITIES
Objective5 and aims
The Trust's objectives are..
111 to advance the education of the pupils of Croydon High School I the School l as may be selected and approved by
the trustees {"the Trust Objoct"), and
(21 through the application of the Guillou Endowment as defined in Sertion 3111) of Part 3 of the charity's
Constitution. to advance and encourage musical education within the School but giving priority to the needs of pupils
who show an aptitude and dedication for music in circumstances where it is found that their family financial status is
such that they are unable to afford extra music lessons provided at the School by its teaching staff {"the Fund
Object").
Public benefit
In planning the activities of the charlty, the trustee5 have considered the Charity Com mission's guidance on public
benefit.
ACHIEVEMENT AND PERFORMANCE
Charitable activitie5
Dvring the year, the Trust awarded scholarships to pupils of the School. and made awards out of the Guillou
Endowment for music tuition costs. This year the Trust also contributed to the cost of two pianos and two Clavinovas
for the School.
Investment performance
The charity's investments continued to provide Investment income and galns consistent with expected performance.
FINANCIAL REVIEW
Financial position
The financial position of the charity is set out in the Statement of Financlal Activities and Balance Sheet and the
related riote5. which have been prepared in accordance with statutory requirement5 of the Charities Act 2011 and
SORP IFRS 1021.
Principal funding sources
The charity's Usual funding Source is its investment income.
Investment policy and objertives
Funds are deposited with CAF Bank. Investments are held in M&G Investments, CharifLJnd and St James's Place Unit
Trust.
Reserves policy
The charity aims to hold in reserves sufficient funds to meet its objectives.
Going concern
The financial statements have been prepared on the going concern basis as in the opinion of the trustees there are no
material uncertainties about the charity's ability to contlnue for the foreseeable future.
Page I

The Croydon High School
Scholarship Trust
Report of the Trustees
for the year ended 31 July 2024
FUTURE PLANS
The charity will continue to award scholarships and make payments for music tuition and costs related to educational
advancement.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Governlng document
The charity is controlled by its governing document, the Constitution, and is an unincorporated charity.
Recrultment and appointment of new trustees
The method of appointment of new trustees is set out in the Constitution. The Trust in general meeting or the
trustees may appoint new trustees.
The trustees seek to ensure that necessary areas of expertise are addressed by members of the charlty. and where
such expertise is not available amongst its members that such expert advice is sought on behalf of the trustees.
Organisational structure
The Trust and its property shall be managed and administered by a commlttee comprlsln8 the Officers and other
members elected in accordance with the Constitution. The Officers and other members of the committee shall be the
trustees of the Trust and are together called "the trustees"
The Trust shall have the following Officers: a chair. a secretary and a treasurer,
The number of trustees shall be not less than four and not more than fourteen.
Rlsk mana8ement
The trustees have a duty to identify and review the risks to which the charity is exposed, in particular those related to
the operations and finances of the charlty and chlld and vulnerable persons protection. and to ensure appropriate
controls are In place to provide reasonable assurance against fraud and error. The trustees are satisfied that systems
and procedures are in place to mitigate exposure to the major rlsks.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charlty number
1112056
Prlncipal address
14 Garrard Road
Banstead
Surrev
SM7 2ER
Trustees
C Blease
JHRBaker
N Lipczynski Chairman
A Davies
Dwells
V Harvey
Treasurer
{resigned l November 2024)
{appointed 11 November 20241
Page 2

The Croydon High School
Scholarship Trust
Report of the Trustees
for the year ended 31 July 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
rimothy Slater. ACA CTA
Institute of Chartered Accountants in England and Wales
Shaw Gibbs Limited
Salatin House
19 Cedar Road
Sutton
Surrey
SM2 5DA
Bankers
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME194JQ
Approved by
der of he board of trustees on
11.C>l*.
.2025 and signed on its behalf by..
N Lipczy
ski-ch
irm
Page 3

Independent Examlner's Report to the Trustees of
The Croydon Hlgh School
Scholarship Trust
I report to the trustee5 on my examination of the accounts of The Croydon High School Scholarship Trust (the charity),
charity number 1112056, for the year ended 31 July 2024, which are set out on pages 5 to 15.
Respective responslblllties of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance wlth the Charities Act 20111.the
Act").
The charitws trustee5 consider that an audit is not required for this year under section 144 of the Act and that an
independent examination is needed.
It is my responsibility to:
examine the accounts under section 145 of the Charities Act,
to follow the applicable Directions given by the Charity Commission (under Section 14515llbl of the Act, and
to state whether particular matters have come to my attention.
Basi5 of independent examinerfs statement
My examination was carried out in accordance with general Direction5 given by the Charity Commission. An examination
includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those
records. It also includes consideration of any unusual items or disclosures In the accounts, and seeking explanation5 from the
trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in
an audit. and consequently no opinion is given a5 to whether the accounts present a 'true and falr, vlew and the report is
limited to those rnatters set out in the statement below.
Independent examiner'5 Statement
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in,
any material respect..
the accounting records were not kept In accordance with sectlon 130 of the Charltles Act,. or
the accounts did not accord with the accounting records; or
the accounts did not comply with the appllcable requirements concernlng the form and content of accounts set out in
the Charlties (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and
fairf 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.
Tim
hy Slater. ACA CTA
Ins
Itute of Chartered Accountants in England and Wale5
Shaw Gibbs Limited
Salatin House
19 Cedar Road
Sutton
Surrey
SM2 50A
Date..
2025
Page 4

The Croydon High School
Scholarship Trust
Statement of Financial Activities
for the year ended 31 July 2024
2024
Total
funds
2023
Total
funds
Unrestricted Restricted
fund
fund
Endowment
fund
Notes
INCOME AND ENDOWMENTS
FROM
Investment income
21.269
21.590
42,862
41,276
Total
21.269
21590
42.862
41.276
EXPENDrruRE ON
Charitable activitles
Charitable activities
13.912)
(18.661)
(22,5731
{34,5651
Net gainslllosses) on
investments
30,013
30,611
60.624
141,786)
NET INCOME/{EXPENDITLIRE)
47.370
(18,6581
52,201
80.913
135,0751
Transfers between funds
li
828
14,659
115,4871
Net movement In funds
48,198
(3,999}
36,714
80.913
(35,0751
RECONCILIATION OF FUNDS
Total funds brought forward
485,377
217,385
171.708
874,470
909,545
TOTAL FUNDS CARRIED
FORWARD
533.575
213.386
208,422
955.383
874,470
The notes form part of these financial statements
Page S

The Croydon High School
Scholarship Trust
Balance Sheet
31 July 2024
2024
Total
funds
2023
Total
funds
Unrestricted Restricted
fund
fund
Endowment
fund
Notes
FIXED ASSErs
Investments
508,383
369,493
877.876
817,254
CURRENT ASSETS
Debtors
Cash at bank
211,736
1.650
211,736
85.358
216,249
76,222
33.043
50.665
33.043
213.386
50,665
297,094
292,471
CREDITORS
Amounts falling due within one
year
17,851)
1211,736)
1219.587)
1235,2551
NET CURRENT ASSETSIILIABILITIES)
25,192
213,386
1161,0711
77,507
57,216
TOTAL ASSETS LESS CURRENT
LIABIUTIES
533,575
213,386
208.422
955,383
874,470
NET ASSETS
533,575
213,386
208,422
955,383
874,470
FUNDS
Unrestricted funds
Restricted funds
Endowment funds
io
533,575
213.386
208.422
485.377
217,385
171,708
TOTAL FUNDS
955.383
874,470
The financial statements were approved by the Board of Trustees and authorised for issue on
and were signe
on its behalf by..
1IA-
..2025
vn
i - Chairman
C Blease-Trustee
The notes form part of these financial statements
Page 6

The Croydon High School
Scholarship Trust
Notes to the Financlal Statements
for the year ended 31 July 2024
ACCOUNTING POLICIES
Basls of preparing the financlal statements
The financial Statements of the charity, which is a public benefit entity under FRS 102, have been prepared in
accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing their account5 in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191.. Financial
Reporting Standard 102 'The Fin2 ncial Reporting Standard applicable in the UK and Republic of Ireland. and the
Charities Act 2011. The fina ncial statements have been prepared under the historical cost convention. with the
exception of investments which are included at market value, as modified by the revaluation of certain assets.
Going concern
The trustees have assessed whether the use of the going concern basis is appropriate and have considered
possible events or conditions that might cast significant doubt on the ability of the charity to continue as a
8oln8 concern. The trustees have made this assessment for a period of at least one year from the date of the
approval of these financial statements. The charlty'5 ablllty to continue as a going concern 15 dependent on its
success in raising funds frorr investments. donations and legacies, The trustees have determined there are no
material uncertainties as to the charity's ability to continue as a going concern in the foreseeable future and
therefore believe it remain5 a ppropriate to prepare the financial statements on a golng concern basis.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds,
it is probable that the income will be received and the amount can be measured reliablv.
Expenditure
Liabllitles are recognised as expenditure as 500n as there is a legal or constructive obligation committing the
charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement
and the amount of the obligation can be measured reliably. Expendlture is accounted for on an accruals basis
and has been classified under headings that aggregate all costs related to the category. Where costs cannot be
directly attributed to particular headings they have been allocated to activities on a basis consistent with the
use of resources.
Scholarships are expensed at the time of granting.
Tangible fixed assets
Depreciation 15 provided at the following annual rate5 in order to write off each asset over its estimated useful
life..
Plant and machinery
33% on c05t
Plant and machinery consist5 of musical instruments.
Taxation
The charity 15 exempt from tax on its charitable activitles.
The charity is not regSstered for VAT and as such expenditure is shown inclusive of irrecoverable VAT.
Fund accounting
Unrestricted funds ca n be used in accordance with the charitable objectives at the discretion of the tru5tee5.
Page 7
continued...

The Croydon High School
Scholarship Trust
Notes to the Financial Statements- continued
for the year ended 31 July 2024
ACCOUNTING POLICIES- continued
Fund accounting (continued)
Restricted fund5 can only be used for particular restricted purposes within the objects of the charity.
Restrirtions arise when specified by the donor or when fund5 are raised for particular restricted purposes.
Endowment funds come with the specific instruction that only the income generated by the money within the
fund can be spent, and not the capital.
Investment income, gains and losses are allocated to the appropriate fund.
Further explanation of the nature and purpose of each fund 15 included in the notes to the financial
statements.
Current assets
Short term deposits (known as "re5erves"l include cash held on deposlt with CAF Bank in the CAF Gold Capital
Reserve Account.
Flnanclal Instruments
The charity only has financial a55ets and liabilities of a kind that qualify as basic financial instruments. Basic
financial in5trument5 are initially recognised at transaction value and subsequently measured at their
settlement value.
Currency
The charity's functional and presentatlonal currenry Is pounds Sterling IGBP).
DONATIONS AND LEGACIES
The charity received no donations or legacies in the current or previous year.
Page 8
continued...

The Croydon High School
Scholarship Trust
Notes to the Financial Statements - continued
for the year ended 31 July 2024
INVESThIENT INCOME
2024
2023
Dividend income
Deposit account Interest
33,676
9,186
32,790
8,486
42,862
41,276
CHARITABLE ACTIVITIES COSTS
Direct
costs
Support
costs
Totals
Charitable activities
21,601
972
22,573
Unrestricted
Restricted
Endowment
2024
Charltable activities:
Hardship Awards
Music tuition
Contribution to cost of
muslcal instruments
3.000
3,000
14,566
4,035
14,566
4.035
3,000
18,601
21,601
Support costs:
Bank charges
Independent Examiner's fees
60
852
60
120
852
912
60
972
3,912
18.661
22,573
Page 9
continued...

The Croydon High School
Scholarship Trust
Notes to the Flnanclal Statements - contlnued
for the year ended 31 July 2024
CHARITABLE ACTIVITIES COSTS - continued
Unrestrlcted
Restrlcted
Endowment
2023
Charitable activities:
Scholarship Trust Awards
Hardship Awards
Music tuition
Sundry instrumental costs
Contribution to cost of
musical instrument5
Holt Scholarships
8,750
4,000
8,750
4,000
10,667
640
4.000
10,667
640
4,000
5,608
5,608
18,358
15,307
33,665
Support costs:
Bank charges
Independent Examiner's fees
61
828
li
72
828
889
li
900
19,247
15,318
34,565
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 July 2024 nor for the year ended
31 July 2023.
Trustees, expenses
There were no trustees, expenses paid for the year ended 31 July 2024 nor forthe year ended 31 July 2023.
Page 10
continued...

The Croydon High School
Scholarship Trust
Notes to the Financial Statements- continued
for the year ended 31 July 2024
COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES
2023
Total
funds
2022
Total
funds
Unrestricted Restricted
fund
fund
Endowment
fund
INCOME AND ENDOWMENTS
FROM
Investment income
21.001
20.270
41,276
37.450
Total
21.001
20.270
41,276
37,450
EXPENDITURE ON
Charitable activitles
Charitable activities
19.247
15,318
34,565
50.438
Net losses on investments
123.883)
(17,903)
141.786)
126,5841
NEf {EXPENDITURE)IINCOME
122,129)
(15,313}
2,367
135,075)
139,5721
Transfers between funds
109,740
1110,544)
Net movement in funds
(21,32S)
94,427
(108,177)
(35,075)
{39,572)
RECONCILIATION OF FUNDS
Total funds brought forward
506,702
122,958
279,885
909.545
949,117
TOTAL FUNDS CARRIED
FORWARD
485.377
217,385
171,708
874,470
909,545
Page 11

The Croydon High School
Scholarship Trust
Notes to the Flnanclal Statements- continued
for the year ended 31 Juty 2024
FIXED ASSET INVESTMENTS
Unlisted
investments
MARKET VALUE
At l August 2023
Revaluations
817.254
60.622
At 31 July 2024
877.876
NET BOOK VALUE
At 31 July 2024
877,876
At 31 July 2023
817,254
There were no investment 3S5ets outside the UK.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Inter fund loans
211,736
216,249
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Interfund loans
Accrued expenses
211.736
7.851
216,249
19.006
219,587
235,255
Page 12

The Croydon High School
Scholarship Trust
Notes to the Flnanclal Statements- continued
for the year ended 31 July 2024
io.
MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
between
funds
At
31/7124
At 118123
Unrestrlcted funds
General fund
485,377
47,370
828
533.575
Restricted funds
The Peggy James Guillou Awards Fund
217,385
(18,6581
14.659
213.386
Endowment funds
The Pe88y James Guillou Endowment Fund
171.708
52,201
{15,487)
208,422
TOTAL FUNDS
874,470
80,913
955,383
Net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Gain5 and Movement
1055es
in funds
Unrestricted funds
General fund
21,269
13,9121
30,013
47,370
Restrlcted funds
The Peggy James Guillou Awards Fund
118,661)
118,6S8)
Endowment funds
The Peggy James Guillou Endowment Fund
21,590
30,611
52,201
TOTAL FUNDS
42,862
{22,5731
60,624
80,913
Page 13

The Croydon High School
Scholarship Trust
Notes to the Financial Statements- continued
for the year ended 31 July 2024
io.
MOVEMENT IN FUNDS- continued
Comparatives for movement in funds
Net
movement
in funds
Transfers
between
funds
At
31/7123
At 1/8122
Unrestrlcted funds
General fund
506.702
122,129}
804
485,377
Restricted funds
The Pe88y Jame5 Guillou Awards Fund
122,958
115,313)
109,740
217.385
Endowment funds
The Peggy James Guillou Endowment Fund
279,885
2,367
1110,544)
171,708
TOTAL FUNDS
909,545
(35,0751
874,470
Comparatlve net movernent in funds, included In the above are as follows-
Incoming
resources
Resources
expended
Gains and Movement
losses
in funds
Unrestrlcted funds
General fund
21,001
(19.247)
{23,883)
(22,129)
Restrlcted funds
The Peggy James Guillou Awards Fund
115,318)
(15,3131
Endowment funds
The Peggy Jame5 Gulllou Endowment Fund
20,270
117,9031
2,367
TOTAL FUNDS
41,276
(34,5651
141,786)
135,075)
The Peggy James Guillou Endowment Fund
This fund comprlse5 a permanent endowment received under the terms of a Deed of Gift dated 15 April
2005 from Marc Alfred Yves Guillou whose income, after allowing for the maintena nce of the fund's capital
in real terms, is used to finance the Peggy James Guillou Awards Fund.
The Peggyjames Gulllou Awards Fund
This fund comprises Incorne received from the Peggy James Guillou Endowment Fund that the trustees
may apply for the purpose of the Fund Object as detailed in point 2 of the Trust's objectives wlthin the
Report of the Trustees.
Page 14

The Croydon High School
Scholarship Trust
Notes to the Flnanclal Statements- continued
for the year ended 31 July 2024
ii.
RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 July 2024 nor for the year ended 31 July
2023.
Page 15

The Croydon High School
Scholarship Trust
Detsiled Statement of Financial Artivities
for the year ended 31 July 2024
2024
2023
INCOME AND ENDOWMENTS
Investment income
Dividend income
Deposit account interest
33.676
9,186
32,790
8,486
42.862
41,276
Total Incomlng resources
42,862
41,276
EXPENDITURE
Charitable activities
Scholarship Trust Awards
Hardship Awards
Music tuition
Sundry instrumental costs
Contribution to C05t of musical instruments
Holt Scholarships
8,750
4,000
10,667
640
4,000
5,608
3,000
14,566
4.035
21.601
33,665
Support costs
Management
Bank charges
120
72
Governance costs
Independent Examiner's fees
852
828
Total resources expended
22,573
34,565
Net income
20,289
6,711
This page does not form part of the statutory financial statements
Page 16